N-CSR 1 amindependence_ncsr.htm CERTIFIED SHAREHOLDER REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number

811-21757

American Independence Funds Trust
(Exact name of registrant as specified in charter)

	335 Madison Avenue, Mezzanine New York, NY	10017
	(Address of principal executive offices)	(Zip code)
	Eric Rubin
	President and Principal Executive Officer
	335 Madison Avenue, Mezzanine New York, NY 10017
	(Name and address of agent for service)
	with a copy to:
	Jon Rand, Esq.
	Dechert LLP
	30 Rockefeller Plaza
	New York, NY 10112-2200

Registrant's telephone number, including area code:

(212) 488-1331

Date of fiscal year end:

10/31/2007

Date of reporting period:

10/31/2007

Item 1. Reports to Stockholders.

The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17CRF 270.30e-1).

	October 31, 2007







	The American Independence Funds		Annual Report










			Stock Fund
			Financial Services Fund
			International Equity Fund
			Short-Term Bond Fund
			Intermediate Bond Fund
			Kansas Tax-Exempt Bond Fund

NOT FDIC Insured. May lose value. No bank guarantee.

This material must be accompanied or preceded by a prospectus.

American Independence Funds Trust is distributed by Foreside Distribution Services, L.P.

Table of Contents

American Independence Funds
Annual Report—October 31, 2007


President’s Letter to Shareholders	1
Management Fund Commentaries and Fund Performance	2

Stock Fund
Schedule of Portfolio Investments	18

Financial Services Fund
Schedule of Portfolio Investments	19

International Equity Fund
Schedule of Portfolio Investments	20

Short-Term Bond Fund
Schedule of Portfolio Investments	22

Intermediate Bond Fund
Schedule of Portfolio Investments	24

Kansas Tax-Exempt Bond Fund
Schedule of Portfolio Investments	27

Statements of Assets and Liabilities	31
Statements of Operations	32
Statements of Changes in Net Assets	33
Financial Highlights	35

Notes to Financial Statements	37
Report of Independent Registered Public Accounting Firm	42
Trustees and Officers	43
Additional Fund Information	45
Table of Shareholder Expenses	47

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to the portfolio securities is available without charge, upon request, by calling 1-866-410-2006 or on the Securities and Exchange Commission’s website at http://www.sec.gov.

Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (i) without charge, upon request, by calling 1-866-410-2006 and (ii) on the Securities and Exchange Commission’s website at http://www.sec.gov.

Schedules of Portfolio Investments as of January 31 and July 31 are available without charge, on the Securities and Exchange Commission’s website at http://www.sec.gov.

American Independence Funds

Dear fellow shareholder:

I am pleased to present you with the Annual Report for The American Independence Funds (the “Funds” or for each fund separately, a “Fund”) for the fiscal year ending October 31, 2007. The year has been an exciting one for the Funds and American Independence Financial Services, LLC (AIFS) as it marks the first full fiscal year that AIFS has managed the Funds. The following pages offer insights into the Funds’ performance, how the equity and fixed income markets affected each Fund, and what we have achieved as we seek to maximize each Fund’s performance. Included are commentaries from each Portfolio Manager on the specific factors that impacted their respective Fund during the reporting period and an outlook for the year to come.

On April 1, 2007, American Independence Financial Counselors, LLC (AIFC) assumed the sub-advisor duties for the Short-Term Bond Fund and the Intermediate Bond Fund. AIFC is a wholly owned subsidiary of AIFS, and Robert Campbell, CFA, has management responsibilities for both Funds. We are delighted that both Funds have improved their respective performance against their peers in their Morningstar categories since the change in managers.

On May 1, 2007, American Independence Capital Management, LLC (AICM) took over as sub-advisor to the Stock Fund. Jeffrey Miller assumed primary management responsibilities for this Fund. During the past seven months, the Stock Fund has consistently been in the top 10% of all Large Cap Value funds, its Morningstar category.

In March 2007, the Financial Services Fund was added to the American Independence Fund family. AICM serves as the sub-advisor to that Fund as well. As I am sure you are aware that in the past several months, the financial services sector has experienced challenges which are unprecedented. Nonetheless, we have been pleased that the Fund has outperformed its benchmark. I strongly encourage you to read the Portfolio Manager’s Commentary on the Financial Services Fund. Jeff Miller’s analysis and review describe the issues and challenges that lie ahead not only for financial services companies, but for the economy in general.

Other significant changes have improved cost and efficiency of service. In October 2007, the Funds engaged Boston Financial Data Services as Transfer Agent and Shareholder Service Agent. I hope that you have found the shareholder representatives to be efficient and courteous, and in January 2008, you will be receiving the first of your enhanced Fund statements.

Everyone at American Independence believes that this has been a very positive year for the American Independence Funds. We value your support and appreciate your faith. We continually strive to make investing in the Funds a rewarding experience. The Funds are well positioned as we enter the next year, and AIFS will continue to seek to provide additional services, improve existing ones, and build upon the existing strong foundation.

Thank you all for your support. Please do not hesitate to contact us with any questions at 866-410-2006. I hope 2008 turns out to be a positive year for the markets and an enjoyable one for you.

Sincerely,

Eric M. Rubin

Past performance does not guarantee future results.

This material is authorized for distribution only when preceded or accompanied by a prospectus. American Independence Financial Services, LLC provides investment advisory and other services to the Funds and receives a fee for those services. The Funds are distributed by Foreside Distribution Services LP. Mutual funds are NOT INSURED BY THE FDIC. There is no bank guarantee. Mutual funds may lose value. The views expressed in this President’s Letter to Shareholders and accompanying commentaries are through the end of the period covered by the report, as stated on the cover. These views are subject to change based on market and other conditions.

The Russell 1000 Value Index and the Russell 2000 Value Index are sub-indices of the Russell 3000 Index which is an unmanaged index of common stocks for companies that make-up the 3,000 largest U.S. companies based on total market capitalization. The common stocks for the largest 1000 of these companies constitute the Russell 1000 Index and those for the remaining 2000 companies make-up the Russell 2000 Index. The Russell 1000 Value Index and the Russell 2000 Value Index are compiled from the common stocks of companies identified by the Russell Investment Group as offering lower price-to-book ratios and lower forecasted growth values in those two respective groupings. The Standard & Poor 500 Stock Index (“S&P 500”) is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. stock market as a whole. The Standard & Poor 500 Equal-Weight Financials Index (“S&P 500 EWFI”) is an equally-weighted index of common stocks for financial companies that make-up the S&P 500. The Morgan Stanley Capital International Europe, Australasia and Far East Index (“MSCI EAFE”) is a market capitalization-weighted equity index comprising 20 of the 48 countries in the MSCI universe and representing the developed world outside of North America. Each MSCI country index is created separately, then aggregated, without change, into regional MSCI indices. EAFE performance data are calculated in U.S. Dollars and in local currency. The indices are unmanaged and do not reflect the expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index, however they can invest in the underlying securities.

The London Interbank Offered Rate (LIBOR) is the interest rate at which banks can borrow funds, in marketable size, from other banks in the London inter-bank market. The LIBOR is the world’s most widely used benchmark for short-term interest rates and is fixed on a daily basis by the British Bankers’ Association.

American Independence Funds

Stock Fund Commentary
Jeffrey Miller

The most recent year was certainly an interesting one. Many financial markets experienced severe shocks and declines, with some essentially shutting down. The ripple effects from these events were felt around the world, prompting a number of central banks to take emergency action to forestall financial market problems from becoming broad economic problems. However, their actions may literally have been too little too late.

The American Independence Stock Fund Institutional Shares (the “Fund”) performed well during this period of turmoil. During the Fiscal Year ending October 31, 2007, the Fund was up 17.31%, versus a total return of 10.86% for the Russell 1000 Value Index (with dividends reinvested into the index). This is a positive difference of 6.45%. Our disciplined approach to value investing and emphasis on risk management paid off for our investors in a turbulent market.

American Independence Capital Management, LLC (AICM) became the manager of the Fund on May 1, 2007, taking over management from Barrow Hanley. In this letter, we first describe our approach to value investing, and then discuss some of the major events impacting financial markets in the past year, particularly the issues in credit markets.

AICM’s approach to value investing focuses on stock picking, not making sector bets. We are usually looking for some basic characteristics in our core investments. First, the business must be easily understandable. This sounds simple, but there are some companies with excellent reported returns for which, after reviewing the business and financial statements, we just can’t figure out how they make money. Often, these companies will make what appear to be great returns, only to hit a rough patch and lose all the prior years’ “earnings”. We do not find these companies attractive. Similarly, we do not like companies that depend on forces beyond their control to make money. If the company cannot control them, how can we be expected to make a reasonable determination about the true earnings power of the company? An example would be many of the oil-related companies. Their profitability often hinges on the price of oil, something over which they have zero control. We want to be able to clearly understand how and why a company makes its money, and what influences its ability to sustain those earnings, so that we aren’t beholden to forces beyond our (or management’s) control.

Second, the company should generate strong free cash flow returns on invested capital. A company that makes a lot of money but is required to reinvest the bulk of that money back into the business in order to merely sustain current revenues is not an attractive company to us. We view a stock as we would a private company we owned outright. If that company couldn’t over time pay us out in cash what it had “earned”, then, we wouldn’t want to own it. (You can’t live on non-cash earnings for very long.) We view our core stock holdings the same way.

Third, we like free cash flow to be growing; preferably at least 10% or more per year. A company with a high return on capital that is not growing can be an attractive stock at the right price, but that price is pretty low, and the company should be paying out most of that cash flow to shareholders either through dividends or share repurchases. We prefer companies with increasing free cash flows, as these stocks provide value not only via dividends or share buybacks but also through stock price appreciation. Stocks with no earnings growth tend not to go up over time.

Fourth, we like to buy stocks cheaply. Price is extremely important to us. Often a great company makes a terrible stock (although the reverse is rarely true except for short-term trades) because its price is simply too expensive. In these cases, of which there are many, we put a stock on our watch list and try to buy it on weakness. A good company bought at a bad price is a recipe for poor returns. A dividend yield, while preferred, is not a prerequisite for us to buy a stock, but the company should demonstrate that it can reinvest its capital at attractive returns if it is going to keep it. Conversely, a very high dividend yield can be a warning sign that the company’s core business is either unsustainable or shrinking, which will make future stock price appreciation very difficult. That said, if management has no use for the excess capital, we would prefer management pay it to shareholders rather than keeping it to squander on acquisitions.

To recap, we like simple businesses that generate a lot of free cash flow, with management teams that only keep the capital needed to run the business, and whose stocks sell cheaply in the market. These characteristics lead us to pick a wide assortment of companies. However, these companies are often recognizable. We tend to gravitate towards companies with strong brands or defensible niches (Nike, McDonalds, Microsoft, Disney, etc.) as these characteristics allow a company some freedom from competition. An absolute lack of competition is great (Microsoft gets close – try running a business without using one of their products), but a strong brand can often generate excellent profits by creating pricing power. Brand-based pricing power is what allows a company to

American Independence Funds

Stock Fund Commentary – continued

alleviate inflation effects, absorb input price increases, and ward off competition. The owner of a strong brand has a very powerful position in the market (try telling a girl under 10 she isn’t getting an American Girl or 12 Dancing Princesses doll for her birthday and see what happens).

There are some stocks that don’t currently meet the criteria above but have the potential to turnaround their operations. Often their stocks will sell very cheaply in the market as the lack of current earnings makes it difficult for investors to assess the business. These turnaround situations have the potential to make the owners of their shares a lot of money quickly, as once the company returns to profitability the investors who waited for “more clarity” will rush to buy the stock, which we will happily sell to them for a large gain (or so we hope). For example, we recently invested in some of the homebuilding stocks and made some nice gains for shareholders. We analyzed what the maximum write-offs for the companies were likely to be, and then compared the remaining book value to the market value of the stock outstanding. In many cases, even after writing off 50% of their starting land holdings (we used March 2006 as the base); we were paying a substantial discount to book value. We chose those companies with low enough debt levels to survive the current housing recession, that are managed well, and free from regulatory and accounting problems. Our only regret is that we didn’t buy more.

As we head into the 2008 fiscal year, we continue to look at a lot of different companies. We are currently investigating the infrastructure stocks (bridges and roads will need to be replaced over the coming years), some defense stocks (war seems to be a permanent condition), casinos (so does gambling), the homebuilders and homebuilder supply companies, and select retailers (people always shop somewhere). Our focus will continue to be on stock picking, not sector allocation, as we search for the next great stock for the Fund.

American Independence Funds

Stock Fund – Performance

This chart assumes an initial investment of $10,000 in the Institutional Class made on October 31, 1997. Total Return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include the reinvestment of all dividends and other distributions.

Total Returns as of October 31, 2007 Annualized

      1 Year       5 Year       10 Year

Stock Fund

     Institutional Class            17.31 %                    17.13 %                    9.10 %

     Class A Shares^† 9.88 % 15.21 % 7.96 %

     Class C Shares^††    15.01 % 16.27 % 8.37 %

Russell 1000 Value Index 10.86 % 16.29 % 7.96 %

S&P 500 Index 14.56 % 13.87 % 7.10 %

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call us at 1-866-410-2006.

^† Reflects maximum sales charge of 5.75%.
^†† Reflects Contingent Defered Sales Charge (“CDSC”) of 1% assesed on shares redeemed within one year of purchase.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the Stock Fund (the predecessor fund) on March 2, 2006. In the reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered a class of shares similar to the Fund’s Institutional Class shares known as Service Class shares. As a result of the reorganization, the Fund will carry forward the performance history of the predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class shares of the Fund includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be higher. The performance of the Class A shares of the Fund, prior to commencement of operations on March 20, 2006, includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses. The performance of the Class C shares of the fund, prior to commencement of operations on September 24, 2007, includes the performance of the Fund’s Class A shares from March 20, 2006 through September 23, 2007 and the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses.

The Russell 1000 Value Index is an unmanaged index of common stocks for companies that make-up the Russell 1000 Index and have been identified by the Russell Investment Group as offering lower price-to-book ratios and lower forecasted growth values.

The Standard & Poor’s 500 Stock Index (“S&P 500”) is an unmanaged index of 500 selected common stocks most of which are listed on the New York Stock Exchange. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two thirds of the total market value of all domestic common stocks.

Effective March 1, 2007, the benchmark index for the Fund changed from the S&P 500 Index to the Russell 1000 Value Index in order to better represent the principal investment strategies used by the investment manager in managing the Fund. The above referenced indices do not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index, although they can invest in their underlying securities.

American Independence Funds

Financial Services Fund Commentary
Jeffrey Miller

The American Independence Financial Services Fund “I” shares (the “Fund”) outperformed its index during this period of turmoil. During the Fiscal Year ending October 31, 2007, the Fund was down 3.20%, versus a total return of negative 6.54% for the S&P 500 Equal-Weight Financials Index (with dividends reinvested into the index). This is a positive difference of 3.34%. Our disciplined approach to value investing and emphasis on risk management paid off for our investors in a turbulent market. While we do not expect this type of out performance to be the norm, we are gratified to be able to provide our investors with these results.

American Independence Capital Management, LLC (AICM) became the sub-advisor to the Fund at its inception on March 1, 2007. In this letter, we will devote substantial time to some of the major events impacting financial markets in the past year; the Quant Funds that blew up in August and the liquidity crisis in credit markets.

AICM’s approach to value investing in the Financial Services Fund is almost identical to our approach to value investing that we discussed in the Stock Fund commentary. However, the Stock Fund is a more diversified fund that invests in many sectors and industries while the Financial Services Fund focuses primarily on Financial Services’ securities and is “Non-diversified”.

We like simple businesses that generate a lot of free cash flow, with management teams that only keep the capital needed to run the business, and whose stocks sell cheaply in the market. These characteristics lead us to pick a wide assortment of companies within the financial sector.

There are some stocks that don’t currently meet our value investing criteria but have the potential to turnaround their operations. Often these stocks will sell very cheaply in the market as the lack of current earnings makes it difficult for investors to assess the business. These turnaround situations have the potential to make the owners of their shares a lot of money quickly, as once the company returns to profitability the investors who waited for “more clarity” will rush to buy the stock, which we will happily sell to them for a large gain (or so we hope). For example, we recently invested in some banks with large construction loan portfolios and made some nice gains for shareholders. We analyzed what the maximum write-offs for the companies were likely to be, and then compared the remaining book value to the market value of the stock outstanding. Even after writing off 50% of their land loans, we were paying a substantial discount to book value. We chose those companies with enough equity and loan loss reserves to survive the current housing recession. Our only regret is that we didn’t buy more.

As we head into the 2008 fiscal year, we continue to investigate many different companies. We are currently interested in some regional banks, property and casualty insurance companies, boutique investment banks, and asset managers.

Two events occurred during the past year that we think are worth discussing. One was the Quantitative (“Quant”) funds blowing up in August; the other was the liquidity crisis in credit markets. Also, the subprime credit problems we recognized as significant 2 years ago finally emerged from the shadows to cause havoc worldwide. As a result, we are going to spend more space than normal reviewing these events, their root cause, and what our outlook for the markets is going forward.

In August, what are known as “global macro funds” or “quant funds” (which are basically funds that invest in a multitude of asset classes, such as bonds, stocks, currencies, etc) experienced sharp losses. Since these funds are often levered 8 to 10 times, losses in one asset class can trigger the need to sell what they can, not what they want, as one asset class may suddenly become illiquid (see the ABS discussion that follows). These funds often invest in quantitative strategies that are similar to one another and involve shorting a basket of expensive stocks (as judged by price to earnings or price to book ratios) and buying a basket of cheap stocks, without using any judgment as to whether such companies are good fundamental businesses to own or not – they just look at the numbers without meeting management, making informed judgments about the outlook for the business, its profitability, etc. These strategies essentially blew up in early August, as funds that were losing money in credit markets suddenly had an exposure to their quant strategies, as a percentage of remaining capital that was too large. (If your fund is levered 10x and you want each strategy to represent 1x your capital level, and you lose 20% of your equity, each strategy that didn’t decline is suddenly worth 1.25x your remaining capital, so you are forced to sell off 20% of your positions NOW to meet

American Independence Funds

Financial Services Fund Commentary – continued

your leverage requirements.) This caused massive intraday swings in individual stocks as shorts and longs were covered in a size that the markets were not large enough to handle. Making matters worse, a number of funds that are not quants but that are fundamentally driven long/ short equity funds suddenly saw their positions move 15% in an hour, so their risk controls were triggered and they were forced to also unwind, often at large losses. The magnitude and speed of these moves cannot be overstated and, in speaking to some traders who have been around a long time, were apparently unprecedented in their magnitude. Often these stocks would finish the trading day not much changed from where they had started. We describe these events because we think that they not only show the fragility of the markets today, but also how our own risk management worked well in what were extremely strange markets.

Two years ago I spent a week in Southern California, primarily Irvine, visiting with a number of subprime and alt-a mortgage REITS and originators. After meeting with the management teams of some of these companies, we decided that this was a business model that didn’t make any sense. Capital was constantly being raised, leading to overcapacity in the industry. This excessive capital raising, combined with a large appetite for high-spread loans that could be securitized and resold, caused the companies’ management teams to abandon common sense and offer extremely lenient loan terms. Giving money to people who cannot pay you back is a bad business -- an old (but true) phrase in banking is - it is not the return on capital that should be the primary consideration, but the return of capital. We walked away from these meetings feeling that these businesses were inherently flawed and would eventually fail, just as subprime auto finance companies had in the late 1990s. We shorted a number of these stocks for our long/short funds, and made excellent returns. Our only regret is that we didn’t hold on to our positions longer, as a number of these companies eventually declared bankruptcy. This overblown origination spree was phase one of the current credit crisis.

Phase two began about a year ago, when asset backed securities (ABS) backed by subprime mortgages started performing worse than expected. This subprime ABS meltdown was severe, but Ben Bernanke and senior treasury officials repeatedly stated that the subprime problems were “contained”. Containment was the buzzword of the spring and early summer, as our financial leaders sought to calm jittery investors. These leaders were either naïve or stupid (or both), as anyone who actually deals in the real world could see that there were two problems spawned by the subprime mess that had the potential to cause true economic damage. The first of these is what is occurring now.

ABS are tranched into multiple classes. The largest tranche is AAA, with AA, BBB, BB and “equity” tranches. The losses are absorbed in reverse order, meaning that the equity has the first loss, the BBs the second, etc. In return, the highest returns flow to the equity, then BBs, then BBBs, etc. Since there is often 30% or more capital, or subordination, below the AAAs, they are deemed to be safe from loss. And in most cases, they truly are safe. Well chosen collateral (the assets in the trusts) will normally have fairly low, and predictable, loss rates that are well under the level of default that would cause any worry for a AAA investor. CLOs and CDOs comprised of bank debt, and other asset classes are performing well from a credit perspective.

The problem is that at the height of the subprime REIT capital raising spree, management teams under pressure to put that capital to work, combined with unscrupulous mortgage brokers and borrowers, made loans that turned out to be frauds. Inflated appraisals combined with bubble real estate markets created bad collateral, which was securitized and purchased by money market funds and other vehicles globally. These vehicles and their managers assumed that the AAA bonds were going to be “money good” and not trade much below par, even in a bad market. As a result, many of these vehicles were extremely highly levered. We read the prospectus for one such ABS deal that had an equity component of 2%. This means that it was 50 times levered, and a 2% drop in the value of the collateral would wipe out the equity tranche, triggering over-collateralization tests and forcing the sale of assets to de-lever the transaction so that the AAAs maintained a certain level of collateral coverage. These tight triggers are what are causing the wholesale liquidation of some of these structured investment vehicles.

In normal times with good collateral, these securities are not terribly difficult to value if you have the knowledge to do so. However, this time there was a new twist. Large portions of these vehicles had invested in the AAA tranche of subprime MBS that suddenly, instead of having a lifetime cumulative default rate of say 6% to 8%, were now defaulting very rapidly. Early payment defaults (within a few months of origination) were occurring at unprecedented rates and were indicative of severe levels of fraud. So, investors in these securities who thought they

American Independence Funds

Financial Services Fund Commentary – continued

owned AAA securities (and did it with large leverage), were suddenly realizing that these securities, even if they didn’t default, had collateral coverage that made them effectively BBBs or worse. Buying BBB and BB bonds is fine - we do it from time to time in some of our funds – however, the spread over LIBOR at which these securities trade is much higher than those of AAAs, and simple bond math means that in order for a AAA that is suddenly a BB to yield the same as existing BBs, it needs to drop dramatically in price. This sudden decline in the value of what historically were very safe securities caused a wholesale seizure in global credit markets in late July and early August, as fear gripped AAA buyers and they refused to buy any credits while they figured out first what they already owned.

The severity of this seizure and its effect on solid credits cannot be understated. NOTHING was getting financed. AAA buyers naturally buy on leverage to earn a decent return on capital. They do this because in order to be a cash buyer of AAAs you need to have a low return requirement. There are few such buyers. This means that the natural market size of these cash buyers is a lot smaller than the size of the leveraged market. Taking away this leveraged buyer brought global credit markets to a halt. Solid credits of real companies couldn’t get financed, meaning real business couldn’t get done. Existing credits suddenly traded from par, or 100, to 94 or 95 cents on the dollar due to simple supply and demand imbalances and increased risk aversion, not because of any defaults in these credits. Credit performance outside of subprime MBS has actually been pristine. This is a prototypical liquidity crisis, which was triggered by a credit crisis in one asset class.

Only recently did the Federal Reserve and Treasury officials realize that their “containment” was really a “contagion”, with the subprime virus infecting all markets. What was a fraud problem in subprime MBS has morphed into a real economic problem in the U.S., and, secondarily, has created a liquidity crisis in unrelated credit markets as a fear of the unknown causes lenders to cease lending to everyone. Unfortunately, we think that they came to this realization too late. The millions of homes that are in foreclosure or have been built but cannot be sold are now putting downward pressure on home prices at rates not seen before in our nation’s history. People that recently bought a house and who have done nothing wrong are effectively trapped in their homes, because they now cannot sell them for enough to pay off their mortgage and cover closing costs. Since homes are not “marked-to-market”, they can remain in their home and be fine – but they can’t move. Given that about 15% of all homeowners move in any given year, whether for a new job, marriage, etc, this is a significant issue.

There is no quick fix for this problem, as these losses are real and rapidly increasing. The effect of a nationwide decline in home values will be a steep drop in the turnover of existing homes. This will mean lower overall economic activity as there are fewer new loans originated and fewer broker commissions paid, fewer new homes built and less money spent on renovations. Many builders are experiencing serious problems, with billions worth of land having already been written off. Smaller, less well capitalized builders are under severe stress and many will fail. This will lead to losses at the banks that finance them. We are already seeing a sharp increase in credit losses at banks that didn’t make a single subprime loan, but did make loans to homebuilders based on 50% loan-to-values (LTVs) on land values that are now declining sharply. While most banks are still making money, their earnings and ROEs are declining from recent levels. This is causing estimate cuts and significantly lower stock prices. We had been anticipating this decline in earnings for a long time, and invested the portfolio accordingly.

Thank you for the opportunity to manage your money.

American Independence Funds

Financial Services Fund – Performance

This chart assumes an initial investment of $10,000 in the Institutional Class made on March 1, 2007 (commencement of operations). Total Return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include the reinvestment of all dividends and other distributions.

Total Returns as of October 31, 2007	Since Inception
Financial Services Fund
Institutional Class	(3.20	%)(a)
Class A Shares^†	(9.05	%)(a)
Class C Shares^††	(4.60	%)(b)
S&P 500 Equal-Weight Financials Index	(6.09	%)
Russell 2000 Value Index	(1.89	%)

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call us at 1-866-410-2006.

^† Reflects maximum sales charge of 5.75%.

^†† Reflects Contingent Deferred Sales Charge (“CDSC”) of 1% assessed on shares redeemed within one year of purchase.

(a) For the period March 1, 2007 (commencement of operations) through October 31, 2007.

(b) For the period September 24, 2007 (commencement of operations) through October 31, 2007.

The Standard & Poor’s 500 Equal-Weight Financials Index (“S&P 500 EWFI”) is an unmanaged, equally-weighted index of common stocks for financial companies that make-up the Standard & Poor’s 500 Index (“S&P 500”). The S&P 500 Index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all U.S. common stocks. The S&P 500 Index is, itself, compiled on the basis of market weighting. The equal-weight versions of the S&P 500 indices have been re-compiled to give equal weighting to its constituent companies. The S&P 500 EWFI does not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index, although they can invest in their underlying securities.

American Independence Funds

International Equity Fund Commentary
Jane Gilday

For the 12 months ended October 31, 2007 the American Independence International Equity Fund had a total return of 27.3%, compared to a total return of 25.6% for its benchmark, the Morgan Stanley Capital International Europe, Australasia, Far East Index (the MSCI EAFE index). At that date total assets under management were $ 138.3 million, of which $4.3 million or 3.1 % was in cash.

Investment Philosophy:
The Funds’ underlying investment philosophy is that markets are inherently inefficient. The inefficiencies in the valuation of securities can best be exploited through strict adherence to a value-oriented investment process dedicated to the selection of individual securities on a bottom-up basis. We do not attempt to time the markets as we believe that it is difficult if not impossible to add incremental value on a consistent basis by top-down or thematic market timing. We stay fully invested, with a defensive, conservative orientation, based on the belief that superior returns can be achieved while taking below–average risks. Our team of analysts seeks investments with a consistent strategy of emphasizing low price/earnings ratios, low price/book ratios, high cash dividend yields and high free cash flow. We believe this discipline provides a measure of protection in down markets as well as participation in improving market cycles.

Sector Review:
The major European bourses, e.g., the London FTSE, the Paris CAC-40 and the German DAX, all appreciated more or less in tandem during the first four months of the October 2007 fiscal year. At the very end of February 2007 there was a sharp downturn in all international markets, precipitated by a one day 7% decline in China’s Shanghai market which caused world markets to shudder. The European exchanges recovered quickly and resumed their climb through mid-July. At that juncture, there was a severe sell-off in the European markets as the credit crisis emanating from the sub-prime mortgage crisis in the U.S. began to weigh on all international financial markets. The European markets retraced to their March 2007 lows before resuming their climb to close-out the fiscal year at all-time highs. Driving the European markets were factors such as: rising export market opportunities in fast growing emerging markets in Asia, Latin America and Eastern Europe; positive pro-business regulatory and tax policies on the Continent by newly pro-growth governments in countries such as Germany and France, and generally favorable interests rates. While European currencies were in a strengthening trend against the dollar, the situation was tolerable for European companies.

It was quite a different story for the Japanese markets during the fund’s fiscal year. Japan’s principal NIKKEI stock market index reached its high in late February 2007, rising in line with the European markets as described above, but then entered a downturn and ended the fiscal year down 9% from that peak. Even though Japan’s export economy remained robust, its domestic economy faltered. Japan is facing longer term negative demographics, a nearly deflationary local economy and intermediate-term political uncertainty. Since the central Bank of Japan has been unsuccessful in stimulating domestic demand and the domestic economy, Japan could be in a recession now. Hong Kong and other Asian neighbors, on the other hand, experienced dramatically rising stock markets throughout the fiscal year driven by the boom economies in nearly every Asian country except Japan.

Key Contributors to Results:
On a geographic basis, sensing the economic difficulties brewing in Japan while finding it hard to find attractively valued stocks, we were deliberately underweighted in Japan throughout the year. Our holdings there represented an average 16% portfolio weight versus Japan’s 22% weight in the MSCI EAFE index. Moreover, we skewed our holdings toward the exporter companies and held no Japanese financial, housing or consumer discretionary stocks, which also aided our outperformance in that country. Our Japan strategy was a principal contributor to our positive performance this past fiscal year. Whereas we were underweighted in the much smaller Asia/Pacific Ex Japan region (7.5% average weighting in the fund versus a 9.1% weight in the MSCI EAFE index) we were able to achieve a very positive contribution to the fund’s total performance through good stock selection, in particular with investments in Hong Kong-listed companies with extensive business interests in the rapidly growing mainland Chinese economy. The fund was over-weighted in the European markets (75% weighting for the fund versus 69% weight in the MSCI EAFE index), and the fund performed about in-line with the positive returns of those markets overall.

On a sector basis, the decision to be overweight the Energy group (8.9% versus 7% weighting in the MSCI EAFE index), combined with very good stock selection in that strong performing group, caused that sector to be the single largest contributor to the portfolio’s positive performance in fiscal 2007. Good stock selection in the Information Technology sector was the reason that this group made the second highest contribution to the fund’s return. As the fiscal year progressed, we became increasingly more defensive due to the housing downturn in the U.S. and due to our concern that a

American Independence Funds

International Equity Fund Commentary – continued

slowing U.S. economy could cause some problems for the still booming Asian (ex Japan) and European economies. Accordingly, we moved to an overweight position in the Utility and Telecommunications sectors and increased our weighting through the year in the Consumer Staples sector. These three decisions and good stock selection were positive contributors to the fund’s performance. On the other hand, while we were over-weighted in the Health Care group for the same defensive reasons and while this sector made a positive contribution to the fund’s performance, this positive was due to the stocks we did not own, which performed worse than the stocks we did own in the sector. We owned many of the major European pharmaceutical companies which materially underperformed the sector. This was slightly offset by our holdings in Teva Pharmaceutical and Alliance Boots, which was acquired during the fiscal year. We were somewhat underweighted in the strong-performing Consumer Discretionary sector, but we were unfortunately in the wrong stocks and significantly underperformed the sector. Our decision to have solid positions in the exporting Japanese automakers was a good decision from a regional sector allocation standpoint, but those stocks significantly underperformed the European automakers, which was the principal reason for the meaningful underperformance from this sector.

Our single best performing stock this past fiscal year was Yanzhou Coal, the third largest coal miner in China listed in Hong Kong, which was up over 100%. Yanzhou is benefiting from sharply higher energy demand in the booming Chinese industrial and consumer economies and the resultant strong demand for coal. Germany’s Man AG, a major European truck manufacturer, was the second best-performing stock in the portfolio – up nearly 100%. Investment in infrastructure is booming throughout Europe and Eastern Europe, and demand for Man’s product line is very strong. Nintendo is still unable to meet demand for its best selling Wii video game product and related very profitable software, resulting in exceptionally strong profit growth for Nintendo, up 77% for the year and the third best-performer.

The worst performing stock in the portfolio last year was DSG International, a leading European retailer of consumer electronics, down 20%. Ongoing operational difficulties in its Italian retail operation plus concerns about consumer discretionary spending in the UK caused this high dividend yielding stock to languish. Dairy Crest Group, a leading dairy products company in the UK, was the second worst-performer, down over 15%. A government inquiry into possible price fixing among UK milk marketers was the principal reason this stock faltered. A short-lived position in UK newspaper company Trinity Mirror was the third worst-performer last year, off 15%. Our positive thesis for an imminent rebound in UK newspaper advertising revenues did not pan-out, and we quickly sold this stock.

Outlook:
At this writing, the turbulence in financial stocks worldwide is unabated. We have moved to an even more underweight position in the Financials, avoiding in particular the global investment banks. We are incapable of assessing where the dangers truly lie and, therefore, are positioned as defensively among the Financials as possible. Japan’s economy seems to be weakening further in sharp contrast to its Asian neighbors. In addition, the strength in the yen could undermine even its export sector – to date one of the best-performing parts of the Japanese economy. Accordingly, we remain underweighted Japan. We remain positioned, conservatively, in defensive groups such as Consumer Staples, Health Care, Telecommunications and Utilities. And, as always, we seek well-valued, well-financed companies which may have been overlooked by investors and which have the prospects of above average investment returns.

American Independence Funds

International Equity Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		10 Year
International Equity Fund
Institutional Class	27.34	%	23.82	%	10.64	%
Class A Shares^†	19.52	%	21.98	%	9.65	%
Class C Shares^††	25.15	%	22.82	%	9.75	%
MSCI EAFE Index	25.60	%	23.81	%	9.03	%

^† Reflects maximum sales charge of 5.75%.
^†† Reflects Contingent Deferred Sales Charge (“CDSC”) of 1% assessed on shares redeemed within one year of purchase.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the International Multi-Manager Stock Fund (the predecessor fund) on March 2, 2006. In the reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered a class of shares similar to the Fund’s Institutional Class shares known as Service Class shares. As a result of the reorganization, the Fund will carry forward the performance history of the predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class shares of the Fund includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be higher. The performance of the Class A shares of the Fund, prior to commencement of operations on March 20, 2006, includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses. The performance of the Class C shares of the fund, prior to commencement of operations on September 24, 2007, includes the performance of the Fund’s Class A shares from March 20, 2006 through September 23, 2007 and the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses.

The Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”) Index is an unmanaged, arithmetic, market value-weighted average of the performance of over 900 securities listed on the stock exchange of countries in Europe, Australia and the Far East. The above referenced index does not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index, although they can invest in their underlying securities.

American Independence Funds

Short-Term Bond Fund Commentary
Robert Campbell, CFA

The Fund’s main objective is to provide as high a level of income as is consistent with our philosophy of maintaining liquidity and relative safety of principal, by investing in investment grade short-term securities.

Our approach does not primarily rely on a forecast of the future direction of interest rates, but we keep an eye on the direction of interest rates when we make daily investment decisions. Our strategy is to utilize fundamental security analysis to find the most attractively priced securities available within our quality orientation. We invest within a cross section of the domestic taxable fixed income markets and we manage the portfolio to provide daily liquidity and an attractive level of income.

Over the last year, interest rates have moved around some, but, during most of the period, the yield curve was inverted (short maturity bond yields exceeded the levels on longer maturity bonds). On September 18, 2007 and again on October 31, 2007 the Federal Reserve (the “Fed”) lowered interest rates bringing its controlled short term rate down to 4.50% (0.75% below the previous high levels). Prior to this easing, the Fed had maintained a status quo environment concerning interest rates for 12 months dating back to August 2006. Mixed signals from the Chairman of the Federal Reserve and the economic indicators confounded investors and led to the yield curve’s inversion.

As of October 31, 2007, the American Independence Short-Term Fund was invested in the following sectors: U.S. Treasury obligations 26%, Agency securities 49%, asset-backed securities 6%, mortgage securities 4%, taxable municipal obligations 5%, corporate bonds 6%, and money market and other investments 4%. The Fund’s average maturity was 1.7 years while it continued to remain quality oriented with an AA+ average credit quality

For the past 12 months the Fund produced a total return of 5.48 % on its I Class shares and 5.08% on it’s A shares. In comparison, the Lehman Brothers 1-3 Year Aggregate Bond Index (the portfolio’s “benchmark”) had a total return of 5.71%. The Lipper Short Investment Grade Bond Index had a total return of 4.04% during the same period.

American Independence Funds

Short-Term Bond Fund – Performance

This chart assumes an initial investment of $10,000 in the Institutional Class made on October 31, 1997 (commencement of operations). Total Return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include the reinvestment of all dividends and other distributions.

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		10 Year
Short-Term Bond Fund
Institutional Class	5.48	%	2.99	%	4.25	%
Class A Shares^†	3.18	%	2.34	%	3.87	%
Lehman Brothers Aggregate 1-3 Year Index	5.71	%	3.20	%	4.90	%

^† Reflects maximum sales charge of 2.25%.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the UltraShort Bond Fund (the predecessor fund) on March 2, 2006. In the reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered a class of shares similar to the Fund’s Institutional Class shares known as Service Class shares. As a result of the reorganization, the Fund will carry forward the performance history of the predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class shares of the Fund includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be higher. The performance of the Class A shares of the Fund, prior to commencement of operations on March 20, 2006, includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses.

The Lehman Brothers Aggregate 1-3 Year Index is an index of U.S. bonds with maturities of one to three years, which includes reinvestment of any earnings, is widely used to measure the overall performance of the U.S. bond market. Return and principal of stocks and bonds will vary with market conditions. This index is unmanaged and does not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in their underlying securities.

American Independence Funds

Intermediate Bond Fund Commentary
Robert Campbell, CFA

The Fund’s main objective is to provide as high a level of income as is consistent with our philosophy of managing the Fund on a total return basis. This process will focus on maintaining a diversified portfolio of high quality domestic fixed income securities with an intermediate maturity orientation.

Our approach does not forecast interest rates although we are mindful of the current level and recent trends in yields when we make daily investment decisions. Our strategy is to utilize fundamental analysis in selecting securities to hold in the portfolio while we strive to find attractively priced securities within our “A” or better quality orientation that also enhance the Fund’s return. We invest within a cross section of the domestic taxable fixed income markets and we manage the portfolio to provide daily liquidity and an attractive level of income.

On September 18, 2007 and again on October 31, 2007 the Federal Reserve (the “Fed“) lowered interest rates bringing its controlled short term interest rate down to 4.50%. Prior to this easing, the Fed had not changed rates, or much of its standard language, when it disclosed its policy decisions over a 12 month period when it left rates at 5.25%. Over the last year, the sub-prime problems started to surface and financial markets became jittery. For most of the year, fixed income markets were also subject to the vagarities of an inverted yield curve where short maturity bonds yielded more than longer maturity bonds. The sub prime problems and the inverted yield curve confounded many investors and has led to an extensive build up in short term investments, which still continues, even though rates are much lower.

As of October 31, 2007, the American Independence Intermediate Bond Fund was invested in the following sectors: U.S. Treasury obligations 12%, Agency securities 29%, mortgage securities 17%, taxable municipal obligations 8%, corporate bonds 19%, and asset-backed securities 6%, money market 8%, and other investments 1%. The Fund’s average maturity was 4.9 years and the portfolio continued to maintain its AA+ average credit quality.

For the past 12 months ending October 31, 2007, the I shares of the Fund produced a total return of 5.38%, while the A shares generated 5.08%.* In comparison, the Lehman Brothers U.S. Aggregate Bond Index (the portfolio’s “benchmark”) had a total return of 5.38%. The Lipper Intermediate Investment Grade Debt Funds Index had a total return of 4.08% during the same period.

* Does not reflect maximum sales charge of 4.25%

American Independence Funds

Intermediate Bond Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		10 Year
Intermediate Bond Fund
Institutional Class	5.38	%	3.62	%	5.18	%
Class A Shares^†	0.61	%	2.58	%	4.60	%
Lehman Brothers Aggregate Bond Index	5.38	%	4.42	%	5.91	%

^† Reflects maximum sales charge of 4.25%.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the Intermediate Bond Fund (the predecessor fund) on March 2, 2006. In the reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered a class of shares similar to the Fund’s Institutional Class shares known as Service Class shares. As a result of the reorganization, the Fund will carry forward the performance history of the predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class shares of the Fund includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be higher. The performance of the Class A shares of the Fund, prior to commencement of operations on March 20, 2006, includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses.

The Lehman Brothers Aggregate Bond Index is representative of U.S. bonds, which includes reinvestment of any earnings, is widely used to measure the overall performance of the U.S. bond market. This index is unmanaged and does not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in their underlying securities.

American Independence Funds

Kansas Tax-Exempt Bond Fund Commentary
Robert Campbell, CFA

The Fund’s main objective is to preserve capital while providing the highest-available income that is free from both federal and Kansas state income taxes. In addition, one hundred percent of the income produced by our portfolio is exempt from the alternative minimum tax.

Nearly our entire portfolio is comprised of municipal bonds issued by government entities in the state of Kansas. A small percentage of our holdings can be from various non-Kansas issuers, which by their special tax treatment are exempt from federal and Kansas income taxes. We keep the portfolio’s average maturity within the intermediate range from 7 to 12 years.

During the last year, the Federal Reserve (the “Fed”) finally moved off of hold and lowered interest rates. This action appears to have been prompted by credit/liquidity concerns and also by the weakening U.S. economy. Over the last 12 months, the financial markets have been monitoring the Fed’s commentaries and actions in an attempt to discern the current Fed policy and future actions. Stemming from the uncertainty about future Fed action and the U.S. economy, interest rates moved around but remained modestly inverted (short maturity rates were higher than longer maturity rates). Prior to the first Fed easing on September 18, 2007, the fixed income markets began to revert to a more normal shape. Today, the shape of the U.S. yield curve is more typical with longer maturities offering higher yields than shorter maturities.

The American Independence Kansas Tax-Exempt Bond Fund had a mix of good quarters and lackluster quarters during the year when looking at performance. The defensive oriented structure of the fund hindered its performance when bonds were rallying but helped when rates were unchanged or rising. Over the time period, longer municipal bond yields actually ended up slightly higher than where they started, while shorter municipal bond maturity yields were lower. The Fund continues to focus on premium structured securities which offer more tax sheltered income than other securities which respond more to the daily changes in interest rates. The Fund continues to retain its higher income generating securities rather than sell them for a potential taxable capital gain. At the Fund’s fiscal year end, the fund had 99.2% of the securities in Kansas bonds and 0.8% in investment companies (a money market fund). The Fund’s average maturity was 9.8 years and it maintained its AA+ average quality rating.

For the year ended on October 31, 2007, the Institutional Class Shares produced a total return of 3.07%, while the “A”Class Shares produced a total return of 2.62%. This compares with a total return of 3.63% for the Lehman Brothers 7-year Municipal Bond index (the Fund’s “benchmark”).

American Independence Funds

Kansas Tax-Exempt Bond Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		10 Year
Kansas Tax-Exempt Bond Fund
Institutional Class	3.07	%	3.31	%	4.21	%
Class A Shares^†	(1.70	%)	2.05	%	3.04	%
Class C Shares^††	1.01	%	2.44	%	2.81	%
Lehman Brothers 7-Year Municipal Bond Index	3.63	%	3.92	%	4.96	%

^† Reflects maximum sales charge of 4.25%.
^†† Reflects Contingent Deferred Sales Charge (“CDSC”) of 1% assessed on shares redeemed within one year of purchase.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the Kansas Tax-Exempt Bond Fund (the predecessor fund) on March 2, 2006. In the reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered two classes of shares similar to the Fund’s Class A shares known as Class A and Institutional Class similar to the Fund’s Institutional Class shares. As a result of the reorganization, the Fund will carryforward the performance history of the predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class and Class A shares of the Fund includes the performance of the respective predecessor fund’s shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be lower. The performance of the Class C shares of the fund, prior to commencement of operations on May 22, 2007, includes the performance of the Fund’s Class A shares from March 2, 2006 through May 21, 2007 and the performance of the predecessor fund’s Class A shares prior to the reorganization, which has been restated to reflect differences in any applicable sales charges and expenses.

Lehman Brothers 7-Year Municipal Bond Index is a total return performance benchmark for the investment-grade, geographically unrestricted 7-year tax-exempt bond market, consisting of municipal bonds with maturities of 6 to 8 years. This index is unmanaged and does not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in their underlying securities.

American Independence Funds	Schedule of Portfolio Investments
Stock Fund	October 31, 2007

Common Stocks (84.77%)
Security Description	Shares		Value ($)
Consumer Discretionary (17.14%)
Altria Group, Inc.	51,100		3,726,723
Coach, Inc.	30,000		1,096,800
Imperial Tobacco Group PLC - ADR	50,600		5,142,984
McDonald’s Corp.	9,643		575,687
Nike, Inc.	10,913		723,095
Quiksilver, Inc.	83,200		1,123,200
The Stanley Works	48,100		2,768,155
Toyota Motor Corp. - ADR	17,757		2,032,111
UST, Inc.	41,100		2,191,452
			19,380,207

Consumer Staples (5.77%)
Anheuser-Busch Cos, Inc.	18,305		938,680
DynCorp International, Inc.	47,500		1,075,400
The Estee Lauder Cos, Inc.	6,500		285,350
The Hershey Co.	17,000		732,870
HJ Heinz Co.	14,016		655,668
Kraft Foods, Inc.	84,916		2,837,044
			6,525,012

Energy (10.88%)
Chevron Corp.	14,600		1,336,046
Entergy Corp.	38,700		4,638,969
Occidental Petroleum Corp.	74,300		5,130,415
Spectra Energy Corp.	46,050		1,196,379
			12,301,809

Financial (24.01%)
ACE Ltd	45,000		2,727,450
The Allstate Corp.	48,500		2,541,400
City National Corp.	29,450		1,990,820
The Colonial BancGroup, Inc.	91,650		1,757,847
First Horizon National Corp.	5,330		139,006
Independent Bank Corp.	13,300		140,448
Lincoln National Corp.	37,000		2,307,690
MB Financial, Inc.	4,700		156,698
MetLife, Inc.	24,800		1,707,480
Northern Trust Corp.	55,150		4,147,832
PNC Financial Services Group, Inc.	25,300		1,825,648
RenaissanceRe Holdings Ltd	17,300		1,009,282
TCF Financial Corp.	38,450		875,507
Travelers Cos, Inc.	53,200		2,777,572
Wells Fargo & Co	89,500		3,043,895
			27,148,575

Health Care (5.24%)
Baxter International, Inc.	59,500		3,570,595
Wyeth	48,400		2,353,692
			5,924,287

Industrial (10.21%)
3M Co.	16,500		1,424,940
Burlington Northern Santa Fe Railway Co.	32,200		2,806,230
Honeywell International, Inc.	56,700		3,425,247
Illinois Tool Works, Inc.	67,900		3,887,954
			11,544,371

Materials (2.78%)
EI Du Pont de Nemours & Co	63,500		3,143,885

Telecommunication Services (3.40%)
American Tower Corp. (b)	20,000		883,600
L-3 Communications Holdings, Inc.	22,300		2,444,972
The Walt Disney Co	15,000		519,450
			3,848,022

Technology (5.34%)
Microsoft Corp.	164,022		6,037,650

Total Common Stocks
(Cost $70,628,666)			95,853,818

Money Market (14.40%)

American Beacon Money Market Fund	16,284,448		16,284,448
Total Money Market (Cost $16,284,448)			16,284,448

Total Investments
(Cost $86,913,114) (a) — 99.17%			112,138,266
Other assets in excess of liabilities — 0.83%			940,228

NET ASSETS — 100.00%		$	113,078,494

(a)		See notes to financial statements for tax unrealized appreciation (depreciation) of securities.
(b)		Non-income producing security.
ADR -		American Depositary Receipt

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments
Financial Services Fund	October 31, 2007

Common Stocks (83.30%)
Security Description	Shares		Value ($)
Asset Management (1.12%)
Franklin Resources, Inc.	75		9,726
Nymex Holdings, Inc.	100		12,852
			22,578

Banks (49.72%)
Bank of America Corp.	1,400		67,592
City National Corp.	1,100		74,360
CoBiz Financial, Inc.	700		12,495
The Colonial BancGroup, Inc.	1,700		32,606
First Community Bancorp, Inc.	1,200		58,440
First Horizon National Corp.	100		2,608
First Indiana Corp.	3,680		117,024
Independent Bank Corp.	6,550		69,168
MB Financial, Inc.	500		16,670
Northern Trust Corp.	2,148		161,551
PNC Financial Services Group, Inc.	450		32,472
SVB Financial Group	1,200		62,148
TCF Financial Corp.	3,485		79,353
US Bancorp	2,918		96,761
Wells Fargo & Co.	3,438		116,925
			1,000,173

Insurance (8.10%)
Allied World Assurance Holding	1,670		80,010
Argo Group International Holding (b)	1,534		65,364
RenaissanceRe Holdings Ltd.	300		17,502
			162,876

Life Insurance (8.15%)
Lincoln National Corp.	1,337		83,389
Principal Financial Group, Inc.	250		16,918
Protective Life Corp.	1,485		63,662
			163,969

Speciality Insurance (16.21%)
ACE Ltd	1,300		78,793
Amerisafe, Inc.	200		3,234
Assurant, Inc.	920		53,765
MetLife, Inc.	450		30,983
The Travelers Companies, Inc.	1,525		79,620
WR Berkley Corp.	2,650		79,739
			326,134
Total Common Stocks (Cost $1,671,362)			1,675,730

Limited Partnerships (1.16%)

AllianceBernstein Holding LP	275		23,493
Total Limited Partnerships
(Cost $25,128)			23,493

Total Investments
(Cost $ 1,696,490) (a) — 84.46%			1,699,223
Other assets in excess of liabilities — 15.54%			312,527

NET ASSETS – 100.00%		$	2,011,750

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities.
(b)	Non-income producing security.

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments
International Equity Fund	October 31, 2007

Common Stocks (96.61%)
Security Description	Shares	Value ($)
Belgium (2.01%)
Dexia SA	42,600	1,366,013
KBC Groep NV	10,100	1,414,541
		2,780,554

China (3.83%)
China Yurun Food Group Ltd	993,400	1,730,372
Yanzhou Coal Mining Co Ltd	1,672,200	3,572,977
		5,303,349

Denmark (0.89%)
Danske Bank A/S	27,800	1,225,104

France (10.37%)
BNP Paribas	18,200	2,005,704
France Telecom SA	61,900	2,282,532
Sanofi-Aventis	22,200	1,946,539
Societe Generale	10,300	1,728,377
Total SA	37,100	2,990,245
Vinci SA	19,400	1,590,887
Vivendi	40,000	1,800,565
		14,344,849

Germany (11.13%)
BASF AG	17,600	2,441,237
Deutsche Bank AG	12,600	1,687,847
Deutsche Telekom AG	89,800	1,841,651
E.ON AG	14,800	2,895,051
MAN AG	13,800	2,465,392
Muenchener Rueckversicherungs	7,000	1,338,258
Siemens AG	20,000	2,733,869
		15,403,305

Hong Kong (4.40%)
China Power International
Development Ltd.	2,844,000	1,508,179
ICBC Asia	634,000	1,754,680
VTech Holdings Ltd	179,000	1,515,090
Wing Lung Bank	126,300	1,305,321
		6,083,270

Israel (1.01%)
Teva Pharmaceutical Industries - ADR	31,900	1,403,919

Italy (4.46%)
Enel SpA	148,900	1,782,401
Fondiaria-Sai SpA	25,300	1,227,166
Terna Rete Elettrica Nazionale	379,500	1,485,406
UniCredito Italiano SpA	195,900	1,676,833
		6,171,806

Japan (16.58%)
Amada Co Ltd	102,000	1,020,221
Canon, Inc.	31,500	1,569,881
Hitachi Koki Co Ltd	82,000	1,453,434
Mitsubishi Corp.	82,600	2,541,538
Mori Seiki Co Ltd	51,400	1,285,278
Nintendo Co Ltd	5,500	3,427,519
Nissan Motor Co. Ltd	125,000	1,436,620
Takeda Pharmaceutical Co Ltd	28,500	1,768,667
Toho Pharmaceutical Co Ltd	71,800	1,257,083
Toshiba TEC Corp.	242,000	1,537,473
Toyo Tire & Rubber Co Ltd	250,000	1,451,788
Toyota Motor Corp.	43,300	2,465,707
Yamato Kogyo Co Ltd	37,200	1,715,311
		22,930,520

Luxembourg (1.85%)
Arcelor	27,500	2,557,028

Netherlands (3.33%)
European Aeronautic Defence
and Space Co.	37,700	1,279,873
Hunter Douglas NV	15,400	1,437,289
ING Groep NV	42,000	1,888,160
		4,605,322

Norway (3.55%)
Cermaq ASA	85,200	1,305,750
DnB NOR ASA	88,300	1,456,091
StatoilHydro ASA	63,400	2,145,308
		4,907,149

Portugal (2.40%)
Banco Espirito Santo SA	70,800	1,714,499
Energias de Portugal SA	250,700	1,612,149
		3,326,648

Singapore (1.48%)
Jardine Cycle & Carriage Ltd	140,900	2,045,134

Sweden (1.05%)
Nordea Bank AB	81,500	1,454,240

Switzerland (5.71%)
EMS-Chemie Holding AG	9,647	1,415,737
Novartis AG	43,000	2,286,602
Petroplus Holdings AG	33,100	2,874,534
Swiss Reinsurance	14,100	1,323,092
		7,899,965

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
International Equity Fund	October 31, 2007

Common Stocks, continued
Security Description	Shares		Value ($)
United Kingdom (22.56%)
Anglo American PLC	35,581		2,452,229
AstraZeneca PLC	31,500		1,554,528
BAE Systems PLC	144,200		1,493,430
British American Tobacco Industries PLC	55,900		2,127,420
BT Group PLC	312,400		2,117,966
Dairy Crest Group PLC	87,600		1,097,619
Diageo PLC	92,300		2,111,469
DSG International PLC	373,300		1,005,352
HBOS PLC	87,800		1,594,040
Home Retail Group PLC	139,700		1,266,699
Imperial Tobacco Group PLC	32,100		1,624,193
Investec PLC	115,000		1,389,519
Legal & General Group PLC	443,200		1,291,303
National Grid PLC	102,600		1,710,178
Rolls-Royce Group PLC	129,600		1,450,032
Scottish & Newcastle PLC	104,600		1,703,271
Venture Production PLC	88,900		1,465,181
Vodafone Group PLC	955,962		3,757,448
			31,211,877
Total Common Stocks
(Cost $99,470,063)			133,654,039

Money Market (3.13%)

United States (3.13%)
Dreyfus Cash Management Plus	2,163,950		2,163,950
Dreyfus Cash Management	2,163,950		2,163,950
Total Money Market (Cost $4,327,900)			4,327,900

Total Investments
(Cost $103,797,963) (a) — 99.74%			137,981,939
Other assets in excess of liabilities — 0.26%			361,920

NET ASSETS — 100.00%		$	138,343,859

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities.
ADR -	American Depositary Receipt

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments
Short-Term Bond Fund	October 31, 2007

Asset Backed Securities (6.21%)
	Principal
Security Description	($)	Value ($)
Brazos Student Loan Finance Corp.,
Series 1997-A2, 5.40%, 12/1/2021 †	144,527	144,655
Chase Manhattan Auto Owner Trust,
Series 2005-A, Class A3, 3.87%,
6/15/2009	586,342	583,298
Countrywide Home Equity Loan Trust,
Series 2004-I, Class A, 5.38%,
2/15/2034 †	78,983	77,895
First Horizon ABS Trust,
Series 2001-HE1, Class A, 5.08%
01/25/2024	54,824	54,099
First Horizon ABS Trust,
Series 2004-HE3, Class A, 5.16%
01/25/2034	99,785	98,445
Fleet Home Equity Loan Trust,
Series 2003-1, Class A, 5.25%,
01/20/2033	87,812	86,481
Fannie Mae Grantor Trust
Series 2003-T4, Class 1A, 4.98%,
09/26/2033 †	19,835	19,855
Fannie Mae Whole Loan, Series 2001-
W1, Class AV1, 5.11%, 8/25/2031 †	25,698	25,703
FHLMC Structured Pass Through Securites,
Series T-31, Class A7, 5.12%, 5/25/2031	256,267	253,595
FHLMC Structured Pass Through Securities,
Series T-32, Class A1, 5.13%, 8/25/2031	59,719	59,992
Fifth Third Home Equity Loan Trust,
Series 2003-1,Class A, 5.25%,
09/20/2023 †	196,374	191,222
GMAC Mortgage Corp. Loan Trust,
Series 2001-HE3, Class A2, 5.25%
3/25/2027	49,799	48,398
Greenpoint Home Equity Loan Trust,
Series 2004-1, Class A, 5.10%,
07/25/2029	83,808	82,538
Honda Auto Receivables Owner Trust,
Series2005-2, ClassA3, 3.93%,
01/15/2009	267,224	266,790
Household Automotive Trust,
Series 2005-1, ClassA4, 4.35%,
6/18/2012	400,000	397,141
MSDWCC Heloc Trust,Series 2003-1,
ClassA, 5.14%, 11/25/2015	71,479	70,506
Navistar Financial Corp. Owner trust,
Series 2005-A, Class A3, 4.22%,
2/15/2010	345,935	343,576
Onyx Acceptance Owner Trust,
Series 2004-C, Class A4, 3.50%,
12/15/2011	182,726	181,370
Option One Mortgage Loan Trust,
Series 2003-1, ClassA2, 5.71%,
2/25/2033	37,886	37,551
Residential Funding Mortgage Securities,
series 2003-HS3, Class A2B, 5.16%,
8/25/2033	76,262	74,800
USAA Auto Owner Trust,
Series 2005-2, Class A3, 4.00%,
12/15/2009	360,830	359,442
Wachovia Asset Securitization, Inc.
Series 2003-HE2, Class AII1, 5.13%,
6/25/2033	53,694	53,532
Wachovia Asset Securitization, Inc.
Series 2002-HE2, Class A, 5.30%,
12/25/2032	376,420	373,129
Total Asset Backed Securities
(Cost $ 3,915,999)		3,884,013

Collateralized Mortgage Obligations (4.10%)

Banc of America Mortgage Securities,
Series 2002-G, Class 2A1, 7.58%,
7/20/2032	2,868	2,899
Countrywide Home Loan Trust,
Series 2004-25, Class 1A3, 5.23%,
2/25/2035	142,306	140,847
Countrywide Home Loans,
Series 2005-11, Class 4A1, 5.14%,
4/25/2035	315,899	309,243
Freddie Mac,
Series1694, Class PQ, 6.50%,
9/15/2023	35,629	35,668
Fannie Mae Grantor Trust,
Series 2002-T5, Class A1, 5.11%,
5/25/2032	279,115	279,196
FHLMC Structured Pass Through Securities,
SeriesT-54, Class 4A, 6.39%, 2/25/2043	122,823	124,374
FHMLC Structured Pass Through Securities,
Series T-57, Class 1A2, 7.00%, 7/25/2043	635,357	659,182
FHLMC Structured Pass Through Securities,
Series T-63, Class 1A1, 6.18%, 2/25/2045	305,382	306,156
Merrill Lynch Mortgage Investors, Inc.,
Series 2003-A2, Class 2A2, 4.21%,
2/25/2033	77,529	77,589
MLCC Mortgage Investors, Inc.,
Series 1999-A, Class A, 5.03%,
3/15/2025	114,555	112,795
MLCC Mortgage Investors, Inc.,
Series 2003-B, Class A1, 5.21%,
4/25/2028	95,052	92,327
Sequoia Mortgage Trust,
Series 9, Class 1A, 5.35%, 9/20/2032 †	109,798	109,804
Sequoia Mortgage Trust,
Series 10, Class 1A, 5.40%,
10/20/2027 †	93,130	92,950
Structured Asset Securities Corp.,
Series 2003-9A, Class 2A1, 3.83%,
3/25/2033	54,732	54,533
Washington Mutual, Series 2005-AR1,
Class 5.19%, 1/25/2045	169,522	166,765
Total Collateralized Mortgage
Obligations (Cost $ 2,597,383)		2,564,328

Corporate Bonds (5.75%)

Alcan, Inc., 6.25%, 11/1/2008	170,000	171,333
Amsouth Bancorp, 6.12%, 3/1/2009	100,000	101,469
General Electric Capital Corp., 3.75%,
12/15/2009	500,000	488,116
General Electric Capital Corp.,
Series A, 5.25%, 10/27/2009	1,250,000	1,262,354
Hartford Life Global Funding, 5.86%,
9/15/2009	200,000	199,784
IBM International Group Capital, 5.05%,
10/22/2012	700,000	699,682
Merrill Lynch & Co, Series B, 5.45%,
1/2/2008	100,000	99,991
National City Bank, 4.72%, 2/7/2008	200,000	199,933
Praxair Inc., 6.50%, 3/1/2008	125,000	125,628
Sovereign Bank, 4.00%, 2/1/2008	250,000	249,150
Total Corporate Bonds
(Cost $ 3,588,312)		3,597,440

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Short-Term Bond Fund	October 31, 2007

Medium Term/Senior Note (1.23%)
	Principal
Security Description	($)		Value ($)
Goldman Sachs Group, Inc., 6.65%,
5/15/2009	750,000		766,014
Total Medium Term/Senior Note
(Cost $ 767,037)			766,014

Taxable Municipal Bonds (4.56%)

Brazos,Series A-11, 5.35%, 12/1/2038	600,000		600,000
Indiana Bd Bk Rev Series Class In Bd
Bk-Txb-8A-Sch S 3.69 1/15/2008	275,000		274,346
Michigan, GO, 3.99%, 11/1/2007	375,000		375,000
Higher Education Loan Authority
Revenue,Series N, 6.15%, 7/1/2032	400,000		400,000
Panhandle-Plains, Series A-3, 5.18%,
4/1/2031	600,000		600,000
Pennsylvania State Higher Education
Assistance, Series Class Pa Hgr
Ed-Txb-Y1-Rams 5.125 c/o 9/1/2043	600,000		600,000
Total Taxable Municipal Bonds
(Cost $ 2,849,353)			2,849,346

U.S. Government Agency Pass-Through Securities (4.37%)

Fannie Mae, 4.11%, 5/1/2034
Pool #784365	106,012		105,961
Fannie Mae, 4.37%, 6/1/2034
Pool #789463	321,253		318,972
Fannie Mae, 4.50%, 4/1/2013
Pool #254717	713,754		706,473
Fannie Mae, 4.83%, 1/1/2035,
Pool #810896	518,546		519,751
Fannie Mae, 5.04%, 7/1/2035
Pool #834933	706,497		709,416
Fannie Mae, 5.50%, 1/1/2010
Pool #687086	158,093		158,401
Fannie Mae, 5.77%, 11/1/2021
Pool #365421	73,436		74,765
Fannie Mae, 6.33%, 6/1/2040,
Pool #557072	17,600		17,617
Fannie Mae, 6.50%, 12/1/2016,
Pool #545927	38,402		39,499
Fannie Mae, 8.50%, 8/1/2030,
Pool #542611	13,835		14,863
Freddie Mac, 7.22%, 4/1/2029,
Pool # 846367	13,886		13,973
Small Business Administration,
8.98%, 5/25/2015 Pool #502966	14,776		15,255
Small Business Administration, 7.88%,
5/1/2010	38,702		39,417
Total U.S. Government Agency
Pass-Through Securities
(Cost $ 2,752,879)			2,734,363

U.S. Government Agency Securities (44.34%)

Fannie Mae, 4.50%, 2/15/2011	5,000,000		5,014,324
Fannie Mae, 4.88%, 5/18/2012	4,000,000		4,043,644
Fannie Mae, 5.13%, 4/15/2011	1,000,000		1,021,493
Fannie Mae, 5.25%, 6/11/2008	1,000,000		1,000,651
Fannie Mae, 5.25%, 12/3/2007	250,000		250,108
Fannie Mae, 5.40%, 2/1/2008	500,000		500,837
Federal Farm Credit Bank, 5.03%,
3/14/2008	500,000		500,840
Federal Farm Credit Bank, 5.08%,
3/16/2009	1,000,000		1,008,658
Federal Farm Credit Bank,5.20%,
5/2/2008	500,000		501,427
Federal Home Loan Bank, 4.88%,
5/14/2010	2,000,000		2,023,386
Federal Home Loan Bank, 5.00%,
10/2/2009	500,000		505,911
Federal Home Loan Bank, 5.09%,
10/7/2008	500,000		502,615
Federal Home Loan Bank, 5.10%,
3/6/2008	750,000		751,034
Federal Home Loan Bank, 5.13%,
12/18/2007	750,000		750,367
Federal Home Loan Bank, 5.13%,
4/16/2008	500,000		501,045
Federal Home Loan Bank, 5.13%,
6/13/2008	100,000		100,306
Federal Home Loan Bank,5.20%,
1/9/2008	750,000		750,652
Federal Home Loan Bank, 5.25%,
2/5/2008	1,000,000		1,001,371
Freddie Mac, 4.00%, 4/6/2010	1,000,000		989,602
Freddie Mac, 4.63%, 12/19/2008	1,000,000		1,001,804
Freddie Mac, 4.63%, 10/25/2012	2,500,000		2,497,063
Freddie Mac, 4.75%, 3/5/2009	1,000,000		1,004,232
Freddie Mac,5.05%, 2/14/2008	1,000,000		1,001,273
Freddie Mac,5.25%, 11/20/2009	500,000		500,082
Total U.S. Government Agency
Securities (Cost $ 27,487,006)			27,722,725

U.S. Treasury Obligation (26.25%)

U.S. Treasury Notes, 3.25%, 8/15/2008	2,895,000		2,874,871
U.S. Treasury Notes, 3.63%, 7/15/2009	4,000,000		3,978,124
U.S. Treasury Notes, 3.75%, 5/15/2008	1,000,000		997,734
U.S. Treasury Notes, 4.25%, 10/15/2010	7,000,000		7,056,329
U.S. Treasury Notes, 4.88%, 8/31/2008	1,500,000		1,508,437
Total U.S. Treasury Obligations
(Cost $ 16,304,616)			16,415,495

Money Market (2.15%)
	Shares
American Beacon Money Market Fund	1,347,023		1,347,023
Total Money Market (Cost $ 1,347,023)			1,347,023

Total Investments
(Cost $ 61,609,608) (a) — 98.96%			61,880,747
Other assets in excess of liabilities — 1.04%			648,221

NET ASSETS — 100.00%		$	62,528,968

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities
† -	Variable or floating rate security. This rate reflected on the Schedule of Portfolio Investments is the rate in effect at October 31, 2007.
GO -	General Obligation

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments
Intermediate Bond Fund	October 31, 2007

Asset Backed Securities (5.71%)
	Principal
Security Description	($)	Value ($)
Green Tree Financial Corp.,
Series 1997-7, Class A8, 6.86%,
7/15/2029	136,727	139,534
Harley-Davidson Motorcycle Trust,
Series 2005-3, Class A2, 4.41%,
6/15/2012	500,000	497,266
Household Automotive Trust,
Series 2005-3, Class A3, 4.80%,
10/18/2010	272,803	272,493
Hyundai Auto Receivables Trust,
Series 2005-A, Class A3, 3.98%,
11/16/2009	180,202	179,157
MSCC Heloc Trust,
Series 2003-1, Class A, 5.14%,
11/25/2015	71,479	70,506
Nissan Auto Receivables Owner Trust,
Series 2005-B, Class A3, 3.99%,
7/15/2009	186,863	186,160
Onyx Acceptance Owner Trust,
Series 2004-C, Class A4, 3.50%,
12/15/2011	167,499	166,256
Triad Auto Receivables Owner Trust,
Series 2005-B, Class A3, 4.28%,
6/14/2010	153,546	152,966
Wachovia Asset Securitization Inc.,
Series 2003-HE2, Class AII1, 5.13%,
6/25/2033	53,694	53,532
WFS Financial Owner Trust,
Series 2005-3, Class A4, 4.39%,
5/17/2013 ††	300,000	298,320
Total Asset Backed Securities
(Cost $ 2,021,164)		2,016,190

Collateralized Mortgage Obligations (16.71%)

CS First Boston Mortgage Securities,
Series 2004-AR5, Class 10A1, 5.00%,
6/25/2034	127,564	128,188
FHLMC Structured Pass Through
Securities, Series T-58, Class 2A,
6.50%, 9/25/2043	286,186	294,008
Fannie Mae Grantor Trust,
Series 2004-T3, Class 1A1, 6.00%,
2/25/2044	465,968	471,693
Fannie Mae Whole Loan,
Series 2004-W8, Class 3A, 7.50%,
6/25/2044	191,777	202,620
Fannie Mae
Series 2002-16, Class XU, 5.50%,
4/25/2017	3,100,000	3,134,575
Fannie Mae
Series 2002-49, Class KG, 5.50%,
8/25/2017	500,000	505,261
Fannie Mae
Series 2003-92, Class HP, 4.50%,
9/25/2018	463,745	454,707
MLCC Mortgage Investors, Inc.,
Series 2003-B, Class A1, 5.21%, 4/25/2028	79,210	76,939
MLCC Mortgage Investors, Inc.,
Series 2003-D, Class A, 5.18%, 8/25/2028	95,551	94,875
Sequoia Mortgage Trust,
Series 10, Class 1A, 5.40%, 10/20/2027 ††	93,130	92,950
Washington Mutual,
Series 2003-AR1, Class A6, 4.48%,
3/25/2033	444,113	442,650
Total Collateralized Mortgage
Obligations (Cost $ 5,821,782)		5,898,466

Corporate Bonds (19.17%)

Consumer Discretionary (3.39%)
Fedex Corp., 7.52%, 1/15/2018	115,330	122,635
Honeywell International, 6.13%, 11/1/2011	250,000	259,963
Ingersoll-Rand Co., 4.75%, 5/15/2015	125,000	117,543
Masco Corp., 5.88%, 7/15/2012	175,000	175,151
McDonald’s Corp., 8.88%, 4/1/2011	125,000	140,332
Prologis, 5.25%, 11/15/2010	85,000	85,116
Thermo Fisher Scientific, 5.00%, 6/1/2015	125,000	116,431
Thomson Corp., 6.20%, 1/5/2012	175,000	180,593
		1,197,764
Consumer Staples (1.36%)
Conagra Foods Inc, 7.88%, 9/15/2010	99,000	106,423
Kellogg Co., 6.60%, 4/1/2011	210,000	219,276
Kraft Foods Inc., 6.25%, 6/1/2012	150,000	155,650
		481,349
Energy (0.48%)
Marathon Oil Corp., 6.13%, 3/15/2012	165,000	170,809

Financials (11.56%)
American Express Credit Co., 5.00%,
12/2/2010	175,000	175,674
Bank of America Corp., 7.40%, 1/15/2011	300,000	319,661
Bank One Corp., 10.00%, 8/15/2010	230,000	258,106
Berkley Corp., 5.13%, 9/30/2010	150,000	151,031
Citigroup Inc., 6.50%, 1/18/2011	115,000	119,778
City National Bank, 6.75%, 9/1/2011	250,000	259,517
First Tennessee Bank, 5.05%, 1/15/2015	200,000	187,907
First Union National Bank, 7.80%, 8/18/2010	300,000	321,531
Firstar Bank N.A. Minnesota, 7.13%,
12/1/2009	150,000	156,051
Fort Eustis, 4.98%, 12/15/2020 †	200,000	192,314
Goldman Sachs Group Inc., 6.88%,
1/15/2011 ††	225,000	235,561
IBM International Group Capital, 5.05%,
10/22/2012	300,000	299,863
Marshall & Ilsley Bank, 6.38%, 9/1/2011	200,000	209,454
Manufactures & Traders Trust Co.,
5.59%, 12/28/2020	169,000	163,262
Metlife Inc., 5.38%, 12/15/2012 ††	80,000	80,661
Morgan Stanley, 6.75%, 4/15/2011	250,000	261,241
National City Bank, 6.20%, 12/15/2011	150,000	154,098
National City Bank of Kentucky, 6.30%,
2/15/2011	75,000	76,397
PNC Funding Corp., 6.13%, 2/15/2009	150,000	151,364
Safeco Corp., 4.88%, 2/1/2010 †	150,000	150,584
U.S. Bank N.A Minnesota, 6.38%, 8/1/2011	150,000	156,317
		4,080,372
Health Care (0.93%)
American Home Product, 6.95%, 3/15/2011	135,000	142,940
Schering-Plough Corp., 5.55%, 12/1/2013	185,000	185,757
		328,697
Materials (0.97%)
Alcoa Inc., 6.00%, 1/15/2012	165,000	168,470
Bemis Company Inc., 4.86%, 4/1/2012	175,000	172,373
		340,843
Utilities (0.48%)
General Electric Co., 5.00%, 2/1/2013	170,000	168,651
Total Corporate Bonds
(Cost $ 6,798,105)		6,768,485

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Intermediate Bond Fund	October 31, 2007

Medium Term/Senior Note (0.66%)
	Principal
Security Description	($)	Value ($)
Stanford University, 6.16%, 4/30/2011	225,000	233,844
Total Medium Term/Senior Note
(Cost $ 225,000)		233,844

Taxable Municipal Bonds (8.28%)

Arkansas (1.24%)
Water-Waste Disposal, Series A, GO,
6.00%, 7/1/2008, OID	435,000	438,427

Illionos (1.92%)
Chicago, Series C, 4.69%, 1/1/2011	175,000	173,924
Chicago, Series D, GO, 4.72%, 1/1/2012	200,000	197,904
Pension, GO, 3.55%, 6/1/2011	170,000	161,801
Loyola University, Series C,
4.80%, 7/1/2013	150,000	144,774
		678,403
Iowa (0.78%)
Davenport, Series A, GO, 4.60%, 6/1/2012	160,000	157,349
Des Moines, Hotel & Motel, Series B,
GO, 5.85%, 12/1/2011, OID	115,000	118,637
		275,986
Maine (0.82%)
GO, 3.25%, 6/15/2010	300,000	288,495

Minnesota (0.50%)
Kandiyohi Country, Series A,
5.00%, 6/15/2015	180,000	176,661

Mississippi (0.53%)
Jackson County, 5.00%, 6/1/2013	190,000	188,016

Oregon (0.64%)
Alternative Energy Project,
Series F, GO, 5.25%, 10/1/2009, OID	225,000	226,042

Pennsylvania (0.53%)
Bethlehem, Series B, GO,
4.85%, 11/1/2013	190,000	185,731

Tennessee (0.50%)
Series B, GO, 6.00%, 2/1/2009	175,000	177,412

Texas (0.47%)
Water Financial Assistance, GO,
3.50%, 8/1/2011	175,000	165,818

Wisconsin (0.35%)
Series A, GO, 4.80%, 5/1/2013	125,000	122,576
Total Taxable Municipal Bonds
(Cost $ 2,967,682)		2,923,567

U.S. Government Agency Pass-Through Securities (16.12%)

Fannie Mae
3.96%, 6/1/2033, Pool #708318	194,179	194,613
4.17%, 2/1/2009, Pool #386844	456,127	451,434
4.25%, 3/1/2034, Pool #776486	199,238	198,961
4.61%, 7/1/2012, Pool #387461	1,250,000	1,229,451
4.67%, 1/1/2010, Pool #385732	450,556	448,412
4.73%, 12/1/2012, Pool #385682	451,503	444,728
4.83%, 1/1/2035, Pool #810896	1,037,093	1,039,503
5.01%, 4/1/2011, Pool #387392	727,259	726,828
5.77%, 11/1/2021, Pool #365421	151,969	154,720
		4,888,650
Freddie Mac
4.50%, 11/1/2018, Pool #B10834	810,356	785,836
7.22%, 4/1/2029, Pool #846367	13,886	13,973
		799,809
Total U.S. Government Agency
Pass-Through Securities
(Cost $ 5,814,455)		5,688,459

U.S. Government Agency Securities (12.62%)

Fannie Mae
5.00%, 5/11/2017	500,000	502,188
5.20%, 6/2/2008	100,000	100,329
5.63%, 11/15/2021	1,500,000	1,501,669
Federal Farm Credit Bank, 5.00%,
9/21/2009	500,000	505,783
Federal Home Loan Bank, 5.35%,
12/28/2009	500,000	500,636
Freddie Mac, 5.40%, 12/27/2011	750,000	753,762
TVA Principal Strip, Zero Coupon,
11/1/2025	1,500,000	589,730
Total U.S. Government Agency
Securities (Cost $ 4,377,044)		4,454,097

U.S. Treasury Obligations (12.06%)

U.S. Treasury Notes
4.00%, 2/15/2015	300,000	293,766
4.25%, 1/15/2011	450,000	453,515
4.38%, 8/15/2012	335,000	339,265
4.50%, 11/15/2015	1,500,000	1,511,837
5.13%, 5/15/2016	1,500,000	1,574,297
U.S. Treasury Bond, 7.25%, 5/15/2016	70,000	83,863
Total U.S. Treasury Obligations
(Cost $ 4,170,916)		4,256,543

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Intermediate Bond Fund	October 31, 2007

Money Market (7.76%)
Security Description	Shares		Value ($)
American Beacon Money Market
Select Fund	2,738,610		2,738,610
Total Money Market (Cost $ 2,738,610)			2,738,610

Total Investments
(Cost $ 34,934,758) (a) — 99.09%			34,978,261
Other assets in excess of liabilities — 0.91%			319,978

NET ASSETS — 100.00%		$	35,298,239

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities
† -	Represents a restricted security purchase under rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.
†† -	Variable or floating rate security. This rate reflected on the Schedule of Portfolio Investments is the rate in effect at October 31, 2007.
GO -	General Obligation
OID -	Original Issue Discount

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments
Kansas Tax-Exempt Bond Fund	October 31, 2007

Municipal Bonds (98.83%)
	Principal
Security Description	($)	Value ($)
Augusta Waterworks Revenue,
Series A, 5.00%, 4/1/2019, Callable
10/1/2014 @ 100, RADIAN	1,180,000	1,211,117
Burlington Environmental Improvement
Revenue, Series A, 3.60%, 9/1/2035,
Callable 12/26/2007 @ , FGIC †	2,000,000	2,000,000
Butler & Sedgwick County, School
District #385, GO, 5.00%, 9/1/2018,
Callable 9/1/2015 @ 100, MBIA	2,000,000	2,135,860
Butler & Sedgwick County, Scholl
District #385, 5.00%, 9/1/2019,
Callable 9/1/2010 @ 100, FGIC	100,000	104,238
Butler & Sedgwick County, School
District #385, 5.60%, 9/1/2012, FSA	1,775,000	1,933,224
Butler County, School District #490, 5.00%,
9/1/2023, Callable 9/1/2015 @ 100, FSA	500,000	525,725
Butler County, School District #490,
Series B, 5.00%, 9/1/2024, Callable
9/1/2015 @ 100, FSA	1,085,000	1,138,610
Cherokee County, COP, 5.00%, 12/1/2021,
Callable 12/1/2015 @ 100, FGIC	1,170,000	1,236,772
Cherokee County, COPS, 6.25%,
12/1/2023, Pre-refunded 6/1/2008
@ 100,	930,000	944,173
Chisholm Creek, Water & Sewer
Revenue, 5.25%, 9/1/2014, Pre-
refunded 9/1/2012 @ 100, MBIA	710,000	763,349
Chisholm Creek, Water & Sewer
Revenue, 5.25%, 9/1/2015, Callable
9/1/2012 @ 100, MBIA	400,000	430,056
Coffeyville Community College,
Series A, 5.05%, 10/1/2025, Callable
10/1/2015 @ 100,	1,975,000	2,142,143
Cowley County, School District #465,
GO , 5.25%, 10/1/2015, Callable
10/1/2013 @ 100, MBIA	1,310,000	1,413,189
Dodge Citi, School District #443, GO,
4.70%, 9/1/2015, Callable 9/1/2008 @
100, FSA	975,000	982,381
Douglas County, GO, Series A, 5.00%,
8/1/2018, Callable 8/1/2013 @ 100,
AMBAC	1,935,000	2,035,251
Ellis Water System Revenue, 5.00%,
10/1/2026, Call/Sink 10/1/2016 @ 100,	700,000	676,704
Finney County, GO, 5.00%, 12/1/2010,
Callable 12/24/2007 @ 100, MBIA	500,000	500,600
Franklin County, COP, Mental Health,
4.75%, 9/1/2021, Callable 9/1/2013
@ 100,	750,000	746,198
Franklin County, School District #289,
GO, 5.35%, 9/1/2011, Sinkable, FSA	230,000	246,705
Garnett Combined Utility Revenue,
5.00%, 10/1/2017, Callable 10/1/2008
@ 100, MBIA	455,000	460,651
Geary County, School District #475, GO,
5.25%, 9/1/2018, Callable 9/1/2015 @
100, MBIA	795,000	867,830
Geary County, School District #475, GO,
5.25%, 9/1/2020, Callable 9/1/2015 @
100, MBIA	2,025,000	2,232,055
Gray County, School District #102,
5.00%, 9/1/2015, Callable 9/1/2008
@ 100,	800,000	807,592
Gray County, School District #102, GO,
6.80%, 9/1/2015, Callable 12/24/2007
@ 100,	10,000	10,014
Great Bend, Water System Revenue,
Series A, 5.15%, 9/1/2019,
Pre-refunded 9/1/2008 @ 100,	1,000,000	1,013,780
Harvey County, School District #373,
GO, 4.80%, 9/1/2018, Callable
9/1/2008 @ 100, FSA	2,000,000	2,012,220
Hoisington Public Buildging Corp.,
Health Care Facilities Revenue,
5.00%, 11/1/2023, Callable 11/1/2014
@ 100, AMBAC	1,700,000	1,779,526
Johnson County, Community
College,Student Commons & Parking
Revenue, 5.00%, 11/15/2024, Callable
11/15/2012 @ 100, AMBAC	1,000,000	1,035,910
Johnson County, Park & Recreation
Foundation Revenue,Series B, 5.00%,
9/1/2023, Callable 9/1/2013 @ 100,	870,000	906,940
Johnson County, Park & Recreation
Foundation, 5.38%, 9/1/2016,
Callable 9/1/2011 @ 100,	1,000,000	1,051,120
Johnson County, School District #231,
GO, 5.00%, 10/1/2023, Callable
10/1/2014 @ 100, FGIC	1,080,000	1,129,972
Johnson County, School District #231,
GO, 5.00%, 10/1/2025, Callable
10/1/2016 @ 100, AMBAC	1,070,000	1,126,507
Johnson County, School District #232,
4.35%, 9/1/2014, Callable 9/1/2013 @
100, FGIC	600,000	620,550
Johnson County, School District # 232,
GO, 5.00%, 3/1/2015, MBIA	500,000	541,665
Johnson County, School District #232,
GO, 5.25%, 9/1/2020, Callable
9/1/2015 @ 100, FSA	1,325,000	1,434,299
Johnson County, School District #232,
GO, 5.25%, 9/1/2023, Callable
9/1/2015 @ 100, FSA	1,000,000	1,074,850
Johnson County, School District #233,
GO, 5.00%, 9/1/2014, Callable
9/1/2009 @ 100, FGIC	1,000,000	1,022,830
Johnson County, School District #233,
GO, 5.50%, 9/1/2014, FGIC	325,000	360,383
Johnson County, Water District #1,
5.00%, 6/1/2012, Callable 12/1/2011
@ 100,	1,000,000	1,054,500
Johnson County, Water District #1,
5.00%, 12/1/2013, Callable 12/1/2011
@ 100	750,000	788,843
Junction City, Water & Sewer, 5.00%,
6/1/2008	1,000,000	1,006,350
Junction City, Water & Sewer, GO,
4.80%, 9/1/2016, Callable/Sink
9/1/2008 @ 100, MBIA, OID	1,620,000	1,632,393
Kingman County, School District #331,
GO, 5.80%, 10/1/2016, pre-refunded
10/1/2010 @ 100, FGIC, OID	1,545,000	1,646,275
La Cygne, Environmental Improvements
Revenue, Kansas City Power and
Light, 4.05%, 3/1/2015, XLCA	382,000	388,284
Lawrence Hospital Revenue, Lawrence
Memorial Hospital, 5.25%, 7/1/2021,
Callable 7/1/2016 @ 100	610,000	638,011
Lawrence Hospital Revenue, Lawrence
Memorial Hospital, 5.38%, 7/1/2016,
Callable 7/1/2013 @ 100	1,000,000	1,054,430
Lawrence Hospital Revenue, Lawrence
Memorial Hospital, 6.00%, 7/1/2019,
Pre-refunded 7/1/2009 @ 100, RADIAN	1,000,000	1,040,640
Leavenworth Counnty,School District
#464, GO, 5.00%, 9/1/2025, Callable
9/1/2015 @ 100, MBIA	1,380,000	1,497,880

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Kansas Tax-Exempt Bond Fund	October 31, 2007

Municipal Bonds, continued
	Principal
Security Description	($)	Value ($)
Leavenworth Counnty,School District
#469, 5.00%, 9/1/2024, Callable
9/1/2015 @ 100, FGIC	1,000,000	1,085,420
Leawood, GO, Series A, 5.25%,
9/1/2016, Callable 9/1/2009 @ 100	340,000	351,128
Leawood, GO, Series B, 5.00%,
9/1/2010, Callable 12/24/2007 @ 100	105,000	105,069
Lenexa Health Care Facilities Revenue,
6.88%, 5/15/2032, Callable 5/15/2012
@ 101	1,500,000	1,715,625
Lyon County, School District #253, GO,
5.00%, 9/1/2012, FGIC	250,000	265,698
Maize Public Building Commission
Revenue, 5.25%, 5/1/2025, Callable
5/1/2011 @ 100	1,000,000	1,002,200
Maize, Water System Revenue, 5.25%,
8/1/2026, Callable 8/1/2016 @ 100	1,000,000	1,002,700
Miami County, School District #367, GO,
Class A, 5.00%, 9/1/2016, Call/Sink
9/1/2008 @ 100, FGIC	900,000	910,368
Miami County, School District #367, GO,
Class A, 5.00%, 9/1/2025, Callable
9/1/2015 @ 100, FSA	1,310,000	1,372,068
Miami County, School District #416, GO,
5.00%, 9/1/2020, Callable 9/1/2016 @
100, MBIA	1,125,000	1,194,120
Newton, Wastewater Treatment System
Revenue, 4.90%, 3/1/2012, Callable
12/24/2007 @ 100	700,000	700,693
Olathe, Health Facilities Revenue,
Olathe County Hospital, 3.50%,
9/1/2029, AMBAC †	2,700,000	2,700,000
Olathe, Health Facilities Revenue,
Olathe County Hospital, 3.58%,
9/1/2032, Callable 11/21/2007 @ 100,
AMBAC	500,000	500,000
Olathe,Special Obligation, Tax
Increment Revenue, 4.75%, 3/1/2011	1,000,000	986,960
Olathe,Special Obligation, Tax
Increment Revenue, 5.00%, 3/1/2016	500,000	487,675
Olathe,Special Obligation, Tax
Increment Revenue, 5.45%, 9/1/2022,
Callable 3/1/2017 @ 100, OID	660,000	655,967
Overland Park,GO, 5.00%, 9/1/2019,
Callable 9/1/2013 @ 100	630,000	665,753
Pittsburg, Special Obligation, Tax
Increment Revenue, 4.90%, 4/1/2024,
Call/Sink 4/1/2016 @ 100, OID	1,250,000	1,242,975
Pratt, Electric System Revenue, 6.60%,
11/1/2007, AMBAC	70,000	70,000
Pratt, Public Building Commission
Revenue, 4.75%, 12/1/2018, Call/Sink
12/1/2011 @ 100	425,000	424,987
Reno County, School District #308,GO,
Series A, 5.00%, 9/1/2016, MBIA	500,000	543,420
Rice County, COP, 5.30%, 12/1/2019,
Callable 12/1/2009 @ 100, MBIA	1,425,000	1,474,647
Riley County, School District #383,
5.00%, 11/1/2014, Callable 11/1/2011
@ 100, MBIA	1,000,000	1,046,290
Rice County, School District #444,
GO, 5.08%, 9/1/2014, Call/Sink
12/24/2007 @ 100	755,000	755,853
Roeland, Special Obligation Revenue,
5.38%, 8/1/2019, Callable 8/1/2015 @
100, OID	500,000	492,480
Salina, Hospial Revenue, Salina Regional
Health Center, 5.00%, 10/1/2020,
Callable 4/1/2016 @ 100	460,000	476,910
Salina, Hospial Revenue, Salina Regional
Health Center, 5.00%, 10/1/2023,
Callable 4/1/2016 @ 100	470,000	482,963
Saline County, School District #305,
GO, 4.75%, 9/1/2014, Callable
9/1/2008 @ 100, FSA	2,025,000	2,043,934
Saline County, School District #305,
GO, 5.50%, 9/1/2017, Callable
9/1/2011 @ 100, FSA	220,000	234,791
Saline County, School District #305,
GO, 5.50%, 9/1/2017, Pre-refunded
9/1/2011 @ 100, FSA	780,000	827,284
Sedgwick & Shawnee, Single Family
Revenue, Series A-2, 6.50%,
12/1/2016, GNMA	30,000	31,097
Sedgwick & Shawnee, Single Family
Revenue, Series A-2, 6.70%, 6/1/2029,
GNMA	170,000	170,196
Sedgwick & Shawnee, Single Family
Revenue, Series B-1, 8.05%, 5/1/2014,
GNMA	25,000	25,680
Sedgwick County, School District
#260, GO, 5.50%, 10/1/2013, Callable
10/1/2009 @ 100, FGIC	1,595,000	1,656,248
Sedgwick County, School District
#260, GO, 5.50%, 10/1/2014, Callable
10/1/2009 @ 100, FGIC	1,675,000	1,739,940
Sedgwick County, School District #261,
GO 4.00%, 11/1/2013, FSA	500,000	509,875
Sedgwick County, School District
#261, GO, 4.75%, 11/1/2017, Callable
11/1/2009 @ 100, FSA	1,525,000	1,564,848
Seneca, Kansas Public Building
Common Revenue, 4.88%, 9/1/2027,
Callable 9/1/2014 @ 100	1,000,000	955,260
Shawnee County Kansas Ctfs Partn
Energy Conservation Project, COP,
5.00%, 9/1/2022, Callable 9/1/2015
@ 100	1,640,000	1,705,534
Shawnee County Kansas Ctfs Partn,
COP, 4.50%, 12/1/2008	515,000	518,414
Shawnee County, School District #501,
5.00%, 8/1/2013, FSA	1,000,000	1,070,340
Shawnee County, Series A, GO, 5.00%,
9/1/2019, Callable 9/1/2015 @ 100,
FSA	700,000	744,163
State, Department of Transportation,
Highway Revenue, 5.50%, 9/1/2014	1,000,000	1,110,140
State, Department of Transportation,
Highway Revenue, Series C-1, 3.22%,
9/1/2021, Callable 12/3/2007 @ 100 †	1,400,000	1,400,000
State, Department of Transportation,
Highway Revenue, Series C-1, 3.45%,
9/1/2019, Callable 12/3/2007 @ 100 †	1,000,000	1,000,000
State, Department of Transportation,
Highway Revenue, Series C-1, 3.86%,
9/1/2020, Callable 12/3/2007 @ 100	1,000,000	1,000,000
State, Department of Transportation,
Highway Revenue, Series C-2, 3.45%,
9/1/2019, Callable 12/3/2007 @ 100 †	1,000,000	1,000,000
State, Department of Transportation,
Highway Revenue, Series C-2, 3.60%,
9/1/2014, FSA	1,000,000	1,000,000

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Kansas Tax-Exempt Bond Fund	October 31, 2007

Municipal Bonds, continued
	Principal
Security Description	($)	Value ($)
State, Development Finance Authority
Health Facilities Revenue, Stormont-vail
Healthcare Inc., 5.00%, 11/15/2027,
Call/Sink 11/15/2017 @ 100, MBIA	1,875,000	1,949,963
State, Development Finance Authority
Health Facilities Revenue, Stormont-
vail Healthcare Inc., Series K, 5.75%,
11/15/2012, Callable 11/15/2011 @
100, MBIA	1,000,000	1,069,480
State, Development Finance Authority
Health Facilities Revenue,Hays Medical
Center, Inc., Series B, 3.45%, 5/15/2026 †	3,000,000	3,000,000
State, Development Finance Authority
Health Facilities Revenue,Hays
Medical Center, Inc., Series B, 5.00%,
11/15/2022, Callable 11/15/2015 @ 100	500,000	518,385
State, Development Finance Authority
Health Facilities Revenue,Hays
Medical Center, Inc., Series B, 5.38%,
11/15/2010, MBIA	500,000	500,245
State, Development Finance Authority
Health Facilities Revenue,Hays
Medical Center, Inc., Series B, 5.50%,
11/15/2017, MBIA	500,000	500,260
State, Development Finance Authority
Health Facilities Revenue,St. Lukes/
Shawnee Mission Health System,
Inc., 5.38%, 11/15/2016, Callable
12/24/2007 @ 101, MBIA,OID	500,000	505,400
State, Development Finance Authority
Housing Development Revenue,
GNMA Collateral, 5.35%, 5/20/2023,
Callable 5/20/2013 @ 105	1,000,000	1,063,020
State, Development Finance Authority
Revenue, 5.00%, 8/1/2011, AMBAC	500,000	525,951
State, Development Finance Authority
Revenue, 5.00%, 8/1/2011, Callable
8/1/2009 @ 100, MBIA	500,000	510,565
State, Development Finance Authority
Revenue, 5.00%, 4/1/2013, FGIC	150,000	160,227
State, Development Finance Authority
Revenue, 5.00%, 5/1/2013, MBIA	500,000	534,070
State, Development Finance Authority
Revenue, 5.00%, 10/1/2013, Callable
10/1/2012 @ 100, AMBAC	500,000	529,360
State, Development Finance Authority
Revenue, 5.00%, 10/1/2016	1,585,000	1,725,003
State, Development Finance Authority
Revenue, 5.00%, 10/1/2021, Callable
4/1/2013 @ 102, AMBAC	2,750,000	2,904,715
State, Development Finance Authority
Revenue, 5.00%, 10/1/2022, Callable
10/1/2015 @ 100	1,140,000	1,205,482
State, Development Finance Authority
Revenue, 5.00%, 11/1/2020, Callable
11/1/2016 @ 100, FGIC	750,000	796,845
State, Development Finance Authority
Revenue, 5.00%, 11/1/2021, Callable
11/1/2016 @ 100, FGIC	500,000	529,305
State, Development Finance Authority
Revenue, 5.00%, 11/1/2025, Callable
11/1/2016 @ 100, FGIC	1,000,000	1,049,450
State, Development Finance Authority
Revenue, 5.00%, 2/1/2026, Call/Sink
2/1/2016 @ 100, XLCA	2,000,000	2,087,660
State, Development Finance Authority
Revenue, 5.00%, 4/1/2017, Callable
4/1/2014 @ 101, FGIC	595,000	636,406
State, Development Finance Authority
Revenue, 5.00%, 4/1/2018, Callable
4/1/2014 @ 101, FGIC	500,000	534,880
State, Development Finance Authority
Revenue, 5.00%, 4/1/2019, Callable
4/1/2009 @ 100, AMBAC	1,000,000	1,013,910
State, Development Finance Authority
Revenue, 5.00%, 4/1/2020, Callable
4/1/2014 @ 101, FGIC	515,000	543,989
State, Development Finance Authority
Revenue, 5.00%, 5/1/2021, Callable
5/1/2015 @ 100, AMBAC	2,090,000	2,201,961
State, Development Finance Authority
Revenue, 5.25%, 11/1/2010	650,000	683,521
State, Development Finance Authority
Revenue, 5.25%, 5/1/2011, Callable
11/1/2008 @ 100	1,000,000	1,017,980
State, Development Finance Authority
Revenue, 5.25%, 10/1/2018, Callable
10/1/2012 @ 100, AMBAC	1,610,000	1,709,820
State, Development Finance Authority
Revenue, 5.50%, 8/1/2015, Callable
8/1/2011 @ 100, MBIA	1,500,000	1,604,745
State, Development Finance Authority
Revenue, 5.50%, 3/1/2016, Callable
3/1/2011 @ 100, AMBAC	650,000	688,519
State, Development Finance Authority
Revenue, Energy Conservation
Project, 5.40%, 4/1/2010, Callable
12/24/2007 @ 100	500,000	500,510
State, Development Finance Authority
Revenue, Sisters Of Charity
Leavenworth, 5.00%, 12/1/2025,
Callable 6/1/2008 @ 101, MBIA	735,000	743,497
State, Development Finance Authority
Revenue, University of Kansas Athletic
Facility, 5.00%, 6/1/2018, Callable
6/1/2014 @ 100	1,000,000	1,047,250
State, Development Finance Authority
Revenue, University of Kansas Athletic
Facility, 5.00%, 6/1/2021, Callable
6/1/2014 @ 100	1,235,000	1,280,423
State, Development Finance Authority
Water Pollution Control Revenue,
5.00%, 11/1/2007	500,000	500,000
State, Development Finance Authority
Water Pollution Control Revenue, 5.00%,
11/1/2019, Callable 11/1/2011 @ 100	2,000,000	2,076,040
State, Development Finance Authority
Water Pollution Control Revenue, 5.50%,
11/1/2013, Callable 11/1/2012 @ 100	900,000	976,590
State, Development Finance Authority
Water Pollution Control Revenue,
5.50%, 11/1/2015	200,000	224,114
State, Development Finance Authority
Water Pollution Control Revenue, 5.50%,
11/1/2019, Callable 11/1/2012 @ 100 †	960,000	1,028,573
State, Development Finance Authority, Lease
Revenue, Department of Administration,
Series J-1, 3.55%, 12/1/2018	500,000	500,000
State, Development Finance Authority,
Lease Revenue, Department of
Administration, Series J-2, 3.55%,
12/1/2034	1,000,000	1,000,000
State, Development Finance Authority,
Lease Revenue, Department of
Juvenile Justice Authority, Series D,
5.25%, 5/1/2016, MBIA	1,275,000	1,331,062

See Notes to Financial Statements

American Independence Funds	Schedule of Portfolio Investments, continued
Kansas Tax-Exempt Bond Fund	October 31, 2007

Municipal Bonds, continued
	Principal
Security Description	($)		Value ($)
State, Development Finance Authority,
Water Supply Revenue, 5.00%,
4/1/2023, Callable 4/1/2014 @ 100	1,725,000		1,804,695
State, Independent College Finance
Authority, Friends University, 4.75%,
10/1/2021, Callable 10/1/2011 @ 100	1,500,000		1,501,995
State, Independent College Finance
Authority, Newman University, 6.00%,
10/1/2021, Callable 12/24/2007 @ 100	750,000		744,690
State, Turnpike Authority, Turnpike
Revenue, Series A-2, 5.00%, 9/1/2020,
Callable 9/1/2014 @ 101, FSA	500,000		529,695
Sumner County, School District #357,
GO, 5.55%, 9/1/2013, Callable
12/24/2007 @ 100, AMBAC	95,000		95,085
Topeka Public Building Commn
Revenue, 5.00%, 6/1/2013, MBIA	1,140,000		1,218,124
University of Kansas Hospital Authority
Health Facilities Revenue, 3.58%,
9/1/2034, Callable 11/21/2007 @ 100 †	900,000		900,000
University of Kansas Hospital Authority
Health Facilities Revenue, 5.00%,
9/1/2021, Callable 9/1/2016 @ 100	1,000,000		1,025,030
University of Kansas Hospital Authority
Health Facilities Revenue, 5.25%,
9/1/2013, Callable 9/1/2012 @ 100	450,000		483,404
University of Kansas Hospital Authority
Health Facilities Revenue, 5.40%,
9/1/2013, Callable 9/1/2009 @ 100,
AMBAC	275,000		284,724
University of Kansas Hospital Authority
Health Facilities Revenue, 5.50%,
9/1/2011	300,000		321,165
University of Kansas Hospital Authority
Health Facilities Revenue, 5.50%,
9/1/2015, Callable 9/1/2009 @ 100,
AMBAC	1,645,000		1,706,046
University of Kansas Hospital Authority
Health Facilities Revenue, 6.00%,
9/1/2016, Callable 9/1/2012 @ 100	1,120,000		1,240,042
Washburn University of Topeka,
Revenue, 5.45%, 7/1/2008, AMBAC	485,000		491,402
Wellington, Water & Sewer Revenue,
5.15%, 5/1/2018, Pre-refunded
5/1/2008 @ 100, AMBAC	1,000,000		1,006,470
Wichita, Hospital Facilities Revenue, 5.00%,
11/15/2013, Callable 11/15/2011 @ 101	295,000		305,186
Wichita, Hospital Facilities Revenue,
5.25%, 11/15/2015, Callable
11/15/2011 @ 101 †	335,000		348,021
Wichita, Hospital Facilities Revenue,
5.40%, 11/15/2008	2,085,000		2,119,131
Wichita, Hospital Facilities Revenue,
5.50%, 11/15/2017, Callable
11/15/2011 @ 101	500,000		530,175
Wichita, Hospital Facilities Revenue,
6.25%, 11/15/2019, Callable
11/15/2011 @ 101	750,000		813,345
Wichita, Hospital Facilities Revenue, 6.38%,
11/15/2019, Call/Sink 11/15/2009 @ 101	700,000		739,928
Wichita, Hospital Facilities Revenue, 6.75%,
11/15/2014, Call/Sink 11/15/2009 @ 101	1,000,000		1,066,500
Wichita, Hospital Facilities Revenue,
6.75%, 11/15/2019, Call/Sink
11/15/2009 @ 101	2,000,000		2,131,800
Wichita, Sales Tax Revenue, GO, 5.00%,
10/1/2012	2,325,000		2,473,335
Wichita, Sales Tax Revenue, GO, 5.00%,
4/1/2017, Callable 4/1/2009 @ 101	200,000		205,116
Wichita, Water & Sewer Utility
Revenue, 4.70%, 10/1/2012, Callable
12/24/2007 @ 100, FGIC	2,000,000		2,001,900
Wichita, Water & Sewer Utility Revenue,
5.00%, 10/1/2016, Callable 10/1/2014
@ 100, FGIC	500,000		534,870
Wichita, Water & Sewer Utility Revenue,
GO, 5.00%, 10/1/2012, FGIC	1,000,000		1,063,800
Winfield, Educational Facilities Revenue,
5.00%, 10/1/2018, Callable 10/1/2011
@ 100	1,125,000		1,115,629
Wyandotte County, Government
Transportation Development
Revenue, Cabelas Project, 5.00%,
12/1/2021, Callable 6/1/2016 @ 100	1,280,000		1,260,890
Wyandotte County, Government
Transportation Development
Revenue, Legends Village West
Project, 4.60%, 10/1/2016	240,000		232,990
Wyandotte County, Government
Transportation Development
Revenue, Legends Village West
Project,, 4.88%, 10/1/2028, Callable
10/1/2016 @ 100, OID	490,000		458,326
Wyandotte County, Government Utility
System Revenue, 4.75%, 9/1/2018,
Callable 3/1/2009 @ 101, MBIA, OID	2,000,000		2,031,520
Wyandotte County, Government Utility
System Revenue, 5.00%, 9/1/2024,
Callable 9/1/2014 @ 100, FSA	250,000		261,743
Wyandotte County, Government Utility
System Revenue, 6.00%, 5/1/2015,
Callable 5/1/2011 @ 100, MBIA	1,975,000		2,132,467
Wyandotte County, School District
#202, GO, 5.00%, 9/1/2013, AMBAC	1,000,000		1,071,270
Wyandotte County, School District
#204, GO, 5.00%, 9/1/2024, Callable
9/1/2015 @ 100, FGIC	1,000,000		1,049,410
Wyandotte County, School District
#500, GO, 5.25%, 9/1/2012, Callable
9/1/2011 @ 100, FSA	1,805,000		1,917,668
Wyandotte County, School District
#500, GO, 5.25%, 9/1/2015, Callable
9/1/2013 @ 102, FSA	1,000,000		1,096,619
Wyandotte County, School District
#500, GO, 5.50%, 9/1/2016, Callable
9/1/2012 @ 100, FSA	200,000		217,228
Total Municipal Bonds
(Cost $ 176,560,301)			178,462,918

Money Market (0.70%)
	Shares
Federated Tax-Exempt Money Market Fund	1,262,033		1,262,033
Total Money Market (Cost $ 1,262,033)			1,262,033

Total Investments
(Cost $ 177,822,334) (a) — 99.53%			179,724,951
Other assets in excess of liabilities — 0.47%			855,970
NET ASSETS — 100.00%		$	180,580,921

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities
† -	Variable or floating rate security. This rate reflected on the Schedule of Portfolio Investments is the rate in effect at October 31, 2007.
GO -	General Obligation
OID -	Original Issue Discount

See Notes to Financial Statements

American Independence Funds

Statements of Assets and Liabilities

October 31, 2007
			Financial								Kansas Tax-
			Services		International		Short-Term		Intermediate		Exempt Bond
	Stock Fund		Fund		Equity Fund		Bond Fund		Bond Fund		Fund
Assets:
Investments, at cost	$	86,913,114	$	1,696,490	$	103,797,963	$	61,609,608	$	34,934,758	$	177,822,334
Investments, at value		112,138,266		1,699,223		137,981,939		61,880,747		34,978,261		179,724,951
Cash		—		641,295		—		—		—		—
Foreign currency, at value (costs $0, $0,
$10,833, $0, $0, $0)		—		—		11,091		—		—		—
Interest and dividends receivable		117,895		1,493		186,078		562,997		377,105		2,145,237
Receivable for capital shares issued		171,896		—		195,508		221,607		24,142		229,561
Receivable for investments sold		911,708		3,897		—		—		—		—
Reclaims receivable		—		—		138,523		—		—		—
Receivable from Investment Adviser		—		14,630		3,731		27,295		17,052		46,090
Prepaid expenses		67,294		18,886		25,585		13,143		10,929		21,143
Total Assets		113,407,059		2,379,424		138,542,455		62,705,789		35,407,489		182,166,982
Liabilities:
Dividends payable		—		—		—		72,802		42,297		201,530
Payable for investments purchased		121,650		343,981		—		—		—		1,214,830
Payable for capital shares redeemed		22,875		—		67		28,641		16,022		—
Accrued expenses and other payables:
Investment advisory		103,952		4,850		97,993		22,441		12,716		48,695
Administration		19,203		312		22,398		10,477		6,257		30,181
Accounting		3,155		3,062		2,967		4,875		4,521		5,318
Distribution and Service		82		125		28		3		3		213
Other		57,648		15,344		75,143		37,582		27,434		85,294
Total Liabilities		328,565		367,674		198,596		176,821		109,250		1,586,061
Net Assets	$	113,078,494	$	2,011,750	$	138,343,859	$	62,528,968	$	35,298,239	$	180,580,921

Composition of Net Assets:
Capital	$	68,496,528	$	2,087,322	$	94,687,247	$	62,532,005	$	35,569,717	$	180,998,553
Accumulated net investment income		1,591,956		4,232		1,968,676		(7,598)		88,032		86,334
Accumulated net realized gains (losses)
from investment transactions		17,764,858		(82,537)		7,610,496		(266,578)		(403,013)		(2,406,583)
Unrealized appreciation		25,225,152		2,733		34,077,440		271,139		43,503		1,902,617
Net Assets	$	113,078,494	$	2,011,750	$	138,343,859	$	62,528,968	$	35,298,239	$	180,580,921

Net Assets By Share Class:
Institutional Class Shares	$	112,734,756	$	1,482,474	$	138,238,142	$	62,513,838	$	35,285,276	$	179,703,134
Class A Shares	$	328,260	$	524,380	$	95,093	$	15,130	$	12,963	$	845,140
Class C Shares	$	15,478	$	4,896	$	10,624	$	—	$	—	$	32,647
Net Assets	$	113,078,494	$	2,011,750	$	138,343,859	$	62,528,968	$	35,298,239	$	180,580,921

Shares Outstanding (unlimited number of shares authorized @ $0.001 par value):
Institutional Class Shares		6,521,823		153,155		8,228,442		6,210,367		3,451,329		16,977,622
Class A Shares		19,118		54,319		5,699		1,503		1,268		79,857
Class C Shares		902		508		637		—		—		3,085

Net Asset Value, Offering Price and Redemption Price per share:
Institutional Class Shares	$	17.29	$	9.68	$	16.80	$	10.07	$	10.22	$	10.58
Class A Shares	$	17.17	$	9.65	$	16.69	$	10.07	$	10.22	$	10.58
Class C Shares	$	17.16	$	9.64	$	16.68		NA		NA	$	10.58
Maximum Sales Charge:
Class A Shares		5.75%		5.75%		5.75%		2.25%		4.25%		4.25%
Maximum Offering Price per share (Net Asset Value/100% minus maximum
sales charge of net asset value, adjusted to the nearest cent):
Class A Shares	$	18.22	$	10.24	$	17.70	$	10.30	$	10.68	$	11.05

See Notes to Financial Statements

American Independence Funds

Statements of Operations

For the year ended October 31, 2007
			Financial								Kansas
			Services		International		Short-Term		Intermediate		Tax-Exempt
	Stock Fund		Fund (a)		Equity Fund		Bond Fund		Bond Fund		Bond Fund
Investment Income:
Dividend	$	3,020,171	$	24,076	$	4,016,316	$	96,585	$	54,128	$	71,651
Interest		5,375		—		4,359		2,752,604		1,827,165		7,592,060
Foreign tax withholding		—		—		(368,194)		—		—		—
Total Investment Income		3,025,546		24,076		3,652,481		2,849,189		1,881,293		7,663,711
Expenses:
Investment advisory		1,147,965		18,096		1,014,488		238,727		155,269		506,308
Administration		172,195		2,171		187,869		89,523		58,226		253,154
Distribution - Class A Shares		765		794		228		34		30		1,911
Distribution - Class C Shares		11		4		8		—		—		107
Service - Class A Shares		765		794		228		34		26		1,911
Service - Class C Shares		4		1		3		—		—		35
Accounting		38,041		9,962		42,302		54,769		51,852		62,093
Custodian		22,958		290		56,799		11,936		7,705		33,450
Compliance services		13,180		153		14,275		7,137		4,762		19,976
Transfer Agent		33,917		3,867		33,240		28,562		28,195		40,876
Trustee		21,967		242		23,885		11,623		7,746		32,128
State registration expenses		58,012		11,111		59,072		56,279		55,400		61,688
Legal expenses		39,596		288		42,493		21,221		15,581		60,113
Other		67,848		13,341		84,130		42,733		32,476		97,651
Total expenses before fee reductions		1,617,224		61,114		1,559,020		562,578		417,268		1,171,401
Expenses reduced by: Adviser		(593,875)		(41,270)		(313,451)		(293,866)		(200,034)		(492,116)
Distributor		—		—		—		(27)		(19)		(765)
Net Expenses		1,023,349		19,844		1,245,569		268,685		217,215		678,520

Net Investment Income		2,002,197		4,232		2,406,912		2,580,504		1,664,078		6,985,191

Realized and unrealized gains (losses) from
investments, options, and foreign currency
transactions:
Net realized gains (losses) from investment
transactions		18,546,818		(69,112)		7,610,496		2,438		(187,253)		(13,099)
Net realized gains (losses) from options
transactions		(408,655)		(13,425)		—		—		—		—
Net realized gains (losses) from foreign
currency transactions		—		—		(220,079)		—		—		—
Change in unrealized appreciation/depreciation
from investments		(1,664,727)		2,733		20,715,503		625,045		490,602		(1,743,011)
Change in unrealized appreciation/depreciation
from foreign currency translation		—		—		12,158		—		—		—
Net realized and unrealized gains (losses)		16,473,436		(79,804)		28,118,078		627,483		303,349		(1,756,110)

Net Increase (Decrease) in Net Assets Resulting from
Operations	$	18,475,633	$	(75,572)	$	30,524,990	$	3,207,987	$	1,967,427	$	5,229,081

(a)

Commenced operations on March 1, 2007.

See Notes to Financial Statements

American Independence Funds

Statements of Changes in Net Assets

							Financial
							Services
	Stock Fund						Fund			International Equity Fund						Short-Term Bond Fund
							For the
	For the Years Ended						Period Ended			For the Years Ended						For the Years Ended
	October 31,						October 31,			October 31,						October 31,
	2007			2006			2007(a)			2007			2006			2007		2006
Investment Operations:
Net investment income	$	2,002,197		$	1,807,502		$	4,232		$	2,406,912		$	1,818,943		$	2,580,504	$	2,172,055
Net realized gains (losses)		18,138,163			8,502,663			(82,537)			7,390,417			23,013,994			2,438		(31,338)
Change in unrealized appreciation/depreciation		(1,664,727)			2,347,798			2,733			20,727,661			(1,403,947)			625,045		81,107
Net increase (decrease) in net assets resulting
from operations		18,475,633			12,657,963			(75,572)			30,524,990			23,428,990			3,207,987		2,221,824
Distributions:
From net investment income:
Institutional Class Shares		(1,870,856)			(1,426,178)			—			(1,176,859)			(1,806,318)			(2,595,890)		(2,235,646)
Class A Shares		(4,287)			—			—			(579)			—			(540)		(113)
Class C Shares		—			—			—			—			—			—		—
From net realized gains:
Institutional Class Shares		(7,446,004)			—			—			(23,423,313)			(6,171,784)			—		(6)
Class A Shares		(19,198)			—			—			(14,553)			—			—		—
Decrease in net assets from distributions		(9,340,345)			(1,426,178)			—			(24,615,304)			(7,978,102)			(2,596,430)		(2,235,765)
Net increase (decrease) in net assets from
capital transactions		(3,627,385)			3,044,453			2,087,322			17,317,178			4,146,613			5,658,133		(588,493)
Total increase (decrease) in net assets		5,507,903			14,276,238			2,011,750			23,226,864			19,597,501			6,269,690		(602,434)

Net Assets:
Beginning of period		107,570,591			93,294,353			—			115,116,995			95,519,494			56,259,278	56,861,712
End of period	$	113,078,494		$	107,570,591		$	2,011,750		$	138,343,859		$	115,116,995		$	62,528,968	$	56,259,278
Undistributed net investment income	$	1,591,956		$	1,464,795		$	4,232		$	1,968,676		$	956,585		$	(7,598)	$	7,545

Capital Transactions:
Institutional Class Shares
Proceeds from shares issued	$	24,158,356		$	16,575,199		$	2,032,277		$	27,040,921		$	16,500,937		$	12,441,668	$	9,950,830
Dividends reinvested		—			878,308			—			13,360,434			4,172,368			985,713		819,366
Cost of shares redeemed		(27,832,864)			(14,663,554)			(495,937)			(23,114,531)			(16,591,554)			(7,772,388)		(11,370,503)
Institutional Class Shares capital transactions		(3,674,508)			2,789,953			1,536,340			17,286,824			4,081,751			5,654,993		(600,307)
Class A Shares
Proceeds from shares issued		70,524			254,500	(b)		546,967			30,087			64,862	(b)		2,465		11,708	(c)
Dividends reinvested		—			—			—			15,132			—			675		106
Cost of shares redeemed		(38,401)			—			(985)			(24,898)			—			—		—
Class A Shares capital transactions		32,123			254,500			545,982			20,321			64,862			3,140		11,814
Class C Shares
Proceeds from shares issued		15,000	(d)		—			5,000	(d)		10,033	(d)		—			—		—
Dividends reinvested		—			—			—			—			—			—		—
Cost of shares redeemed		—			—			—			—			—			—		—
Class C Shares capital transactions		15,000			—			5,000			10,033			—			—		—
Net increase (decrease) in net assets from
capital transactions	$	(3,627,385)		$	3,044,453		$	2,087,322		$	17,317,178		$	4,146,613		$	5,658,133	$	(588,493)

Share Transactions:
Institutional Class Shares
Issued		1,521,428			1,111,752			203,155			1,814,692			1,073,900			1,245,945		999,522
Reinvested		—			60,365			—			947,549			293,003			98,624		82,303
Redeemed		(1,675,176)			(980,197)			(50,000)			(1,501,087)			(1,084,140)			(778,124)		(1,142,011)
Change in Institutional Class Shares		(153,748)			191,920			153,155			1,261,154			282,763			566,445		(60,186)
Class A Shares
Issued		4,471			16,937	(b)		54,418			2,039			4,195	(b)		247		1,178	(c)
Reinvested		—			—			—			1,076			—			67		11
Redeemed		(2,290)			—			(99)			(1,611)			—			—		—
Change in Class A Shares		2,181			16,937			54,319			1,504			4,195			314		1,189
Class C Shares
Issued		902	(d)		—			508	(d)		637	(d)		—			—		—
Reinvested		—			—			—			—			—			—		—
Redeemed		—			—			—			—			—			—		—
Change in Class C Shares		902			—			508			637			—			—		—

(a)		Commenced operations on March 1, 2007.
(b)		Class A Shares commenced operations on March 20, 2006.
(c)		Class A Shares commenced operations on May 3, 2006.
(d)		Class C Shares commenced operations on September 24, 2007.

See Notes to Financial Statements

American Independence Funds

Statements of Changes in Net Assets

	Intermediate Bond Fund					Kansas Tax-Exempt Bond Fund
	For the Years Ended					For the Years Ended
	October 31,					October 31,
	2007		2006			2007			2006
Investment Operations:
Net investment income	$	1,664,078	$	2,121,757		$	6,985,191		$	6,406,364
Net realized gains (losses)		(187,253)		(149,891)			(13,099)			(215,541)
Change in unrealized appreciation/depreciation		490,602		(18,889)			(1,743,011)			650,453
Net increase (decrease) in net assets resulting
from operations		1,967,427		1,952,977			5,229,081			6,841,276
Distributions:
From net investment income:
Institutional Class Shares		(1,688,462)		(2,128,519)			(6,961,088)			(6,375,434)
Class A Shares		(466)		(103)			(28,456)			(29,876)
Class C Shares		—		—			(451)			—
From net realized gains:
Institutional Class Shares		—		(6,225)			—			—
Class A Shares		—		—			—			—
Decrease in net assets from distributions		(1,688,928)		(2,134,847)			(6,989,995)			(6,405,310)
Net increase (decrease) in net assets from capital
transactions		(13,202,115)		(1,604,942)			23,354,186			6,668,082
Total increase (decrease) in net assets		(12,923,616)		(1,786,812)			21,593,272			7,104,048

Net Assets:
Beginning of period		48,221,855		50,008,667			158,987,649			151,883,601
End of period	$	35,298,239	$	48,221,855		$	180,580,921		$	158,987,649
Undistributed net investment income	$	88,032	$	104,341		$	86,334		$	185,236

Capital Transactions:
Institutional Class Shares
Proceeds from shares issued	$	5,675,219	$	7,108,324		$	36,991,920		$	20,911,478
Dividends reinvested		705,119		885,293			1,282,653			1,150,016
Cost of shares redeemed		(19,584,408)		(9,609,355)			(15,042,439)			(15,233,556)
Institutional Class Shares capital transactions		(13,204,070)		(1,615,738)			23,232,134			6,827,938
Class A Shares
Proceeds from shares issued		1,482		10,701	(a)		118,049			2,311
Dividends reinvested		473		95			23,302			21,859
Cost of shares redeemed		—		—			(51,996)			(184,026)
Class A Shares capital transactions		1,955		10,796			89,355			(159,856)
Class C Shares
Proceeds from shares issued		—		—			32,365	(b)		—
Dividends reinvested		—		—			332			—
Cost of shares redeemed		—		—			—			—
Class C Shares capital transactions		—		—			32,697			—
Net increase (decrease) in net assets from capital
transactions	$	(13,202,115)	$	(1,604,942)		$	23,354,186		$	6,668,082

Share Transactions:
Institutional Class Shares
Issued		560,661		703,942			3,489,565			1,964,888
Reinvested		69,532		87,741			120,861			108,065
Redeemed		(1,936,896)		(952,937)			(1,419,547)			(1,433,582)
Change in Institutional Class Shares		(1,306,703)		(161,254)			2,190,879			639,371
Class A Shares
Issued		146		1,066	(a)		11,245			218
Reinvested		47		9			2,197			2,055
Redeemed		—		—			(4,864)			(17,297)
Change in Class A Shares		193		1,075			8,578			(15,024)
Class C Shares
Issued		—		—			3,053	(b)		—
Reinvested		—		—			32			—
Redeemed		—		—			—			—
Change in Class C Shares		—		—			3,085			—

(a)		Class A Shares commenced operations on May 3, 2006.
(b)		Class C Shares commenced operations on May 22, 2007.

See Notes to Financial Statements

American Independence Funds

Financial Highlights
Selected data for a share outstanding throughout the period indicated.

	Per Share Data								Ratios/Supplemental Data
		Investment Operations			Distributions From
											Ratio of	Ratio of net	Ratio of
			Net						Total		expenses	investment	expenses
	Net Asset	Net	realized and	Increase					Return	Net Assets	to	income	to
	Value	investment	unrealized	(Decrease)	Net	Net		Net Asset	(excludes	at end of	average	(loss) to	average	Portfolio
	Beginning	income	gains	from	investment	realized	Total	Value, End	sales	period	net	average net	net	turnover
	of Period	(loss)	(losses)	Operations	income	gains	Distributions	of Period	charge)*	(000’s)	assets**	assets**	assets(a)**	rate(b)
Stock Fund
Institutional Class Shares
For the year ended
10/31/2007	16.07	0.31	2.31	2.62	(0.28)	(1.12)	(1.40)	17.29	17.31%	112,735	0.89%	1.75%	1.41%	219.31%
10/31/2006	14.39	0.27	1.63	1.90	(0.22)	—	(0.22)	16.07	13.34%	107,299	1.02%	1.79%	1.52%	49.31%
10/31/2005	12.77	0.21	1.58	1.79	(0.17)	—	(0.17)	14.39	14.06%	93,294	1.29%	1.42%	1.88%	28.27%
10/31/2004	10.91	0.18	1.88	2.06	(0.20)	—	(0.20)	12.77	19.07%	84,425	1.29%	1.42%	1.87%	16.29%
10/31/2003	9.10	0.18	1.80	1.98	(0.17)	—	(0.17)	10.91	22.14%	76,336	1.29%	1.87%	1.89%	29.31%
Class A Shares
For the year ended
10/31/2007	16.03	0.22	2.29	2.51	(0.25)	(1.12)	(1.37)	17.17	16.59%	328	1.39%	1.24%	1.91%	219.31%
For the period from
3/20/2006 (c)
Thru 10/31/2006	15.09	0.05	0.89	0.94	—	—	—	16.03	6.23%	271	1.73%	1.20%	2.30%	49.31%
Class C Shares
For the period from
9/24/2007 (c)
Thru 10/31/2007	16.63	(0.01)	0.54	0.53	—	—	—	17.16	3.19%	15	1.89%	-0.35%	2.36%	219.31%
Financial Services Fund
Institutional Class Shares
For the period from
3/1/2007 (c)
Thru 10/31/2007	10.00	0.03	(0.35)	(0.32)	—	—	—	9.68	(3.20%)	1,482	1.25%	0.40%	4.09%	555.54%
Class A Shares
For the period from
3/1/2007 (c)
Thru 10/31/2007	10.00	(0.01)	(0.34)	(0.35)	—	—	—	9.65	(3.50%)	524	1.75%	-0.10%	4.60%	555.54%
Class C Shares
For the period from
9/24/2007 (c)
Thru 10/31/2007	9.85	—	(0.21)	(0.21)	—	—	—	9.64	(2.13%)	5	2.25%	-0.46%	4.67%	555.54%
International Equity Fund
Institutional Class Shares
For the year ended
10/31/2007	16.51	0.29	3.55	3.84	(0.17)	(3.38)	(3.55)	16.80	27.34%	138,238	0.99%	1.75%	1.24%	35.24%
10/31/2006	14.29	0.26	3.15	3.41	(0.27)	(0.92)	(1.19)	16.51	25.21%	115,048	1.07%	1.72%	1.34%	110.04%
10/31/2005	12.72	0.22	1.60	1.82	(0.25)	—	(0.25)	14.29	14.41%	95,519	1.26%	1.61%	1.62%	37.00%
10/31/2004	10.60	0.13	2.16	2.29	(0.17)	—	(0.17)	12.72	21.81%	81,751	1.28%	1.16%	1.67%	36.00%
10/31/2003	8.23	0.14	2.37	2.51	(0.14)	—	(0.14)	10.60	31.04%	65,744	1.24%	1.59%	1.71%	44.00%
Class A Shares
For the year ended
10/31/2007	16.45	0.26	3.49	3.75	(0.13)	(3.38)	(3.51)	16.69	26.79%	95	1.49%	1.39%	1.74%	35.24%
For the period from
3/20/2006 (c)
Thru
10/31/2006	15.42	0.07	0.96	1.03	—	—	—	16.45	6.68%	69	1.49%	1.20%	1.73%	110.04%
Class C Shares
For the period from
9/24/2007 (c)
Thru 10/31/2007	15.75	(0.01)	0.94	0.93	—	—	—	16.68	5.90%	11	1.99%	(0.70%)	2.03%	35.24%

(a)		During the period certain fees were reduced. If such fee reductions had not occurred, the ratios would have been as indicated.
(b)		Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued.
(c)		Date of commencement of operations.
*		Not annualized for periods less than one year.
**		Annualized for periods less than one year.

See Notes to Financial Statements

American Independence Funds

Financial Highlights (continued)
Selected data for a share outstanding throughout the period indicated.

	Per Share Data									Ratios/Supplemental Data
		Investment Operations			Distributions From
												Ratio of	Ratio of net	Ratio of
			Net							Total		expenses	investment	expenses
	Net Asset	Net	realized and	Increase						Return	Net Assets	to	income	to
	Value	investment	unrealized	(Decrease)	Net	Net			Net Asset	(excludes	at end of	average	(loss) to	average	Portfolio
	Beginning	income	gains	from	investment	realized		Total	Value, End	sales	period	net	average net	net	turnover
	of Period	(loss)	(losses)	Operations	income	gains		Distributions	of Period	charge)*	(000’s)	assets**	assets**	assets(a)**	rate(b)
Short-Term Bond Fund
Institutional Class Shares
For the year ended
10/31/2007	9.97	0.43	0.10	0.53	(0.43)	—		(0.43)	10.07	5.48%	62,514	0.45%	4.32%	0.94%	66.52%
10/31/2006	9.97	0.39	0.01	0.40	(0.40)	—	^	(0.40)	9.97	4.13%	56,247	0.52%	3.94%	1.00%	32.38%
10/31/2005	10.09	0.26	(0.08)	0.18	(0.29)	(0.01)		(0.30)	9.97	1.76%	56,862	0.65%	2.70%	1.34%	63.43%
10/31/2004	10.17	0.17	(0.05)	0.12	(0.18)	(0.02)		(0.20)	10.09	1.23%	58,125	0.65%	1.69%	1.33%	68.14%
10/31/2003	10.17	0.22	0.02	0.24	(0.24)	—		(0.24)	10.17	2.41%	61,392	0.65%	2.13%	1.33%	72.06%
Class A Shares
For the year ended
10/31/2007	9.96	0.40	0.11	0.51	(0.40)	—		(0.40)	10.07	5.20%	15	0.75%	4.03%	1.44%	66.52%
For the period from
5/3/2006 (c)
Thru 10/31/2006	9.94	0.20	0.02	0.22	(0.20)	—		(0.20)	9.96	2.21%	12	0.75%	4.01%	1.34%	32.38%
Intermediate Bond Fund
Institutional Class Shares
For the year ended
10/31/2007	10.13	0.44	0.09	0.53	(0.44)	—		(0.44)	10.22	5.38%	35,285	0.56%	4.29%	1.07%	17.76%
10/31/2006	10.17	0.43	(0.04)	0.39	(0.43)	—	^	(0.43)	10.13	3.99%	48,211	0.63%	4.28%	0.99%	20.93%
10/31/2005	10.59	0.39	(0.35)	0.04	(0.41)	(0.05)		(0.46)	10.17	0.36%	50,009	0.76%	3.81%	1.35%	61.83%
10/31/2004	10.69	0.39	0.02	0.41	(0.40)	(0.11)		(0.51)	10.59	3.91%	49,742	0.76%	3.66%	1.34%	85.91%
10/31/2003	10.71	0.43	0.05	0.48	(0.47)	(0.03)		(0.50)	10.69	4.53%	51,927	0.76%	4.00%	1.34%	59.41%
Class A Shares
For the year ended
10/31/2007	10.13	0.40	0.09	0.49	(0.40)	—		(0.40)	10.22	5.08%	13	0.86%	4.01%	1.56%	17.76%
For the period from
5/3/2006 (c)
Thru 10/31/2006	10.00	0.22	0.13	0.35	(0.22)	—		(0.22)	10.13	3.45%	11	0.86%	4.00%	1.29%	20.93%
Kansas Tax-Exempt Bond Fund
Institutional Class Shares
For the year ended
10/31/2007	10.70	0.44	(0.12)	0.32	(0.44)	—		(0.44)	10.58	3.07%	179,703	0.40%	4.14%	0.69%	8.90%
10/31/2006	10.67	0.44	0.03	0.47	(0.44)	—		(0.44)	10.70	4.47%	158,225	0.47%	4.10%	0.75%	37.10%
10/31/2005	10.93	0.41	(0.26)	0.15	(0.41)	—		(0.41)	10.67	1.26%	150,963	0.60%	3.83%	0.96%	22.23%
10/31/2004	10.98	0.41	(0.04)	0.37	(0.42)	—		(0.42)	10.93	3.56%	147,471	0.60%	3.80%	0.93%	14.26%
10/31/2003	10.94	0.42	0.04	0.46	(0.42)	—		(0.42)	10.98	4.24%	155,198	0.60%	3.81%	0.94%	12.07%
Class A Shares
For the year ended
10/31/2007	10.70	0.40	(0.13)	0.27	(0.39)	—		(0.39)	10.58	2.62%	845	0.80%	3.74%	1.19%	8.90%
10/31/2006	10.66	0.41	0.03	0.44	(0.40)	—		(0.40)	10.70	4.17%	762	0.85%	3.71%	1.28%	37.10%
10/31/2005	10.92	0.37	(0.26)	0.11	(0.37)	—		(0.37)	10.66	0.90%	920	0.95%	3.47%	1.71%	22.23%
10/31/2004	10.98	0.38	(0.05)	0.33	(0.39)	—		(0.39)	10.92	3.11%	1,913	0.95%	3.47%	1.67%	14.26%
10/31/2003	10.93	0.38	0.05	0.43	(0.38)	—		(0.38)	10.98	3.98%	1,248	0.95%	3.45%	1.69%	12.07%
Class C Shares
For the period from
5/22/2007 (c)
Thru 10/31/2007	10.60	0.15	(0.02)	0.13	(0.15)	—		(0.15)	10.58	1.40%	33	1.40%	3.15%	1.68%	8.90%

(a)		During the period certain fees were reduced. If such fee reductions had not occurred, the ratios would have been as indicated.
(b)		Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued.
(c)		Date of commencement of operations.
*		Not annualized for periods less than one year.
**		Annualized for periods less than one year.
^		Less than $0.005 per share.

See Notes to Financial Statements

American Independence Funds

Notes to Financial Statements
October 31, 2007

1.		Organization:

		The American Independence Funds Trust (the “Trust”) was established as a Delaware business trust on October 7, 2004 as Adventus Funds Trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was subsequently renamed on June 10, 2005 as Arrivato Funds Trust. Effective March 2, 2006, the name of the Trust was changed to American Independence Funds Trust in connection with the Trust’s reorganization and merger with the former American Independence Funds Trust.

		The Trust currently offers eleven (11) series, or mutual funds, each with its own investment objectives and strategies. This report contains the financial statements and financial highlights of the funds listed below (individually, a “Fund”; collectively, the “Funds”). The financial statements for the other five funds can be found in a separate report.

		Stock Fund Financial Services Fund International Equity Fund Short-Term Bond Fund Intermediate Bond Fund Kansas Tax Exempt Bond Fund

		The Trust is authorized to issue an unlimited number of shares, which are units of beneficial interest with a par value of $0.001 each. The Trust offers three classes of shares: Class A, Class C and Institutional Class. Each share class is identical except as to distribution and service fees borne by each class. Income and realized/ unrealized gains or losses are allocated to each class based on relative net assets. Each share represents an equal proportionate interest in a Fund with other shares of the same class and is entitled to such dividends and distributions out of the income earned on the assets belonging to that Fund.

		Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Funds enter into contracts with their vendors and others that provide for general indemnifications. The Funds’ maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Funds. However, based on experience, the Funds expect that risk of loss to be remote.

2.		Significant Accounting Policies:

		The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

		Investment Valuation

		Portfolio securities listed or traded on domestic securities exchanges or the NASDAQ/NMS are valued at the market value as of the close of regular trading on the New York Stock Exchange, usually 4:00 p.m. Eastern Time (“Valuation Time”). If there have been no sales for that day on any exchange or system for a security, the security is valued at the mean between the closing bid and asked quotes on the exchange or system where the security is principally traded or at the NASDAQ official closing price, if applicable. Debt securities held by a Fund generally are valued based on mean prices as of the close of trading on the principal market in which they trade, usually 3:00 p.m. Eastern Time. Short-term debt investments having maturities of 60 days or less are valued at amortized cost, which approximates fair value. Investments in investment companies are valued at their net asset values as reported by such companies. The differences between cost and fair values of such investments are reflected as unrealized appreciation or depreciation.

		Most securities listed on a foreign exchange are valued either at the last sale price at the close of the exchange on which the security is principally traded or at fair value (see description below). Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of Valuation Time, as provided by an independent pricing service approved by the Board of Trustees.

		Securities for which market quotations are not readily available are valued at fair value by American Independence Financial Services, LLC (“AIFS” or the “Adviser”) or the Sub-Adviser in accordance with guidelines approved by the Trust’s Board of Trustees. The Funds typically value securities using market quotations or information furnished by a pricing service. However, when market quotations are not available, or when the Adviser has reason to believe that available quotations may not be accurate, the Funds may value securities according to methods that are approved by the Funds’ Board of Trustees and which are intended to reflect fair value. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security. For example, the Funds may use fair value methods if a security’s value is believed to have been materially affected by a significant event, such as a natural disaster, a bankruptcy filing, or a substantial fluctuation in domestic or foreign markets, that occurs after the close of the security’s major trading exchange. In such a case, a Fund’s value for a security is likely to be different from the last quoted market or pricing service price. The factors to be considered in fair valuing a security include: fundamental analytical data, market conditions, yields of similar securities, trade activity of similar securities and pricing history. Securities may be valued by independent pricing services, approved by the Trust’s Board of Trustees, which use prices provided by market makers or estimates of fair value obtained from yield data relating to instruments or securities with similar characteristics.

Continued

American Independence Funds

Securities Purchased on a When-issued Basis

Each Fund may purchase securities on a “when-issued” basis. When-issued securities are securities purchased for delivery beyond the normal settlement date at a stated price and/or yield, thereby involving the risk that the price and/or yield obtained may be more or less than those available in the market when delivery takes place. At the time a Fund makes the commitment to purchase a security on a when-issued basis, the Fund records the transaction and reflects the value of the security in determining net asset value. Normally, the settlement date occurs within one month of the purchase. No payment is made by the Fund, and no interest accrues to the Fund during the period between purchase and settlement. The Fund establishes a segregated account in which it maintains cash and marketable securities at least equal in value to commitments for when-issued securities.

Repurchase Agreements

The Funds may enter into repurchase agreements with financial institutions, such as banks or broker-dealers which AIFS deems creditworthy. Under a repurchase agreement a Fund acquires securities and obtains a simultaneous commitment from the seller to repurchase the securities at a specified time and at an agreed-upon yield. The agreements are fully collateralized, and the values of the collateral, including accrued interest, are marked-to-market daily. If the seller should default on its obligation to repurchase the securities, a Fund may experience a loss of income, a decrease in the value of any collateral, problems in exercising its rights to the underlying securities, and costs and time delays in connection with the disposition of such securities.

Investment Transactions and Related Income

During the period, security transactions are accounted for no later than one business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Net realized gains and/or losses from sales of securities are determined on the specific identification cost method. Interest income is recorded on the accrual basis and includes, where applicable, the amortization of premiums or the accretion of discounts. Dividend income is recorded on the ex-dividend date. Income and realized and unrealized gains and/or losses are allocated among the classes based upon the proportion of relative net assets.

Expenses

Expenses directly attributable to a Fund are charged directly to that Fund, while the expenses which are attributable to more than one Fund of the Trust are allocated among the respective funds based on relative daily net assets or another appropriate basis. Expenses specific to a class are charged to that class.

Distributions to Shareholders

Distributions from net investment income for the Short-Term Bond Fund, Intermediate Bond Fund and the Kansas Tax-Exempt Bond Fund are declared and paid monthly. Distributions from net investment income for the Stock Fund, the Financial Services Fund, and the International Equity Fund are declared and paid annually. Distributions from net realized capital gains, if any, are distributed at least annually.

Distributions from net investment income and from net realized capital gains are determined in accordance with federal income tax regulations which may differ from GAAP. These “book/tax” differences are primarily due to differing treatments for mortgage-backed securities and deferrals of certain losses.

These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e. reclassification of market discounts, gain/loss, paydowns and distributions), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassifications. Distributions to shareholders which exceed net investment income and net realized gains for financial reporting purposes but not for tax purposes are reported as distributions in excess of net investment income or distributions in excess of net realized gains. To the extent they exceed net investment income and net realized capital gains for tax purposes, they are reported as distributions of capital.

Federal Income Taxes

The Trust treats each Fund as a separate entity for federal income tax purposes. Each Fund intends to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in Subchapter M of the Internal Revenue Code of 1986, as amended, and to make distributions from net investment income and from net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes.

New Accounting Pronouncements

In July 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (FIN 48). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year.

Adoption of FIN 48 was applied to all open tax years as of October 31, 2007. The adoption of FIN 48 did not have an effect on the net asset value, financial condition or results of operations of the Fund as there was no liability for unrecognized tax benefits and no change to the beginning net asset value of the Fund. As of and during the period ended October 31, 2007, the Fund did not have a liability for any unrecognized tax benefits. Management’s determinations regarding FIN 48 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.

In September 2006, the FASB issued Statement on Financial Accounting Standards (SFAS) No. 157, “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. SFAS No. 157 applies to fair value measurements already required or permitted by existing standards. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The changes to current generally accepted accounting principles from the application of SFAS No. 157 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurements. As of October 31, 2007, the Funds do not believe the adoption of SFAS No. 157 will impact the financial statement amounts, however, additional disclosures may be required about the inputs used to develop the measurements and the effect of certain of the measurements on changes in net assets for the period.

Continued

American Independence Funds

3.		Related Party Transactions:

		AIFS, serves as an investment adviser to the Funds pursuant to an investment advisory agreement between the Trust and AIFS, under which the Adviser is entitled to receive an annual fee, computed daily and paid monthly, equal to the percentages of the Funds’ average daily net assets as indicated in the table below. The Adviser is responsible for the investment management oversight in its role as investment adviser to all of the Funds.

	AIFS
		Fees
	Stock Fund	1.00%
	Financial Services Fund	1.25%
	International Equity Fund	0.81%
	Short-Term Bond Fund	0.40%
	Intermediate Bond Fund	0.40%
	Kansas Tax-Exempt Bond Fund	0.30%

		On March 30, 2007, the Board of Trustees of the American Independence Funds Trust (the “Board”) accepted the resignations of: Commerce Asset Management (“Commerce”) as sub-adviser to the Short-Term Bond Fund and the Intermediate Bond Fund; Barrow, Hanley, Mewhinney & Strauss, Inc. (“Barrow Hanley”) as sub-adviser to the Stock Fund and; Miller & Jacobs Capital, LLC (“Miller Jacobs”) as sub-adviser to the Financial Services Fund. The Board also approved the termination of the current sub-advisory agreements with Commerce, Barrow Hanley, and Miller Jacobs and the engagement of several new sub-advisers. American Independence Financial Counselors, LLC (“AIFC”) replaces Commerce. AIFC is a wholly-owned subsidiary of the Adviser. American Independence Capital Management, LLC (“AICM”) replaces Barrow Hanley and Miller Jacobs. AICM is a jointly-owned, affiliated, and registered investment advisor of the Adviser and of Miller Jacobs. In this regard, the Board has approved sub-advisory agreements between the Adviser and AIFC and AICM (the “New Agreements”). The terms of the New Agreements are substantially similar to the previous sub-advisory agreements with Commerce, Barrow Hanley, and Miller Jacobs. At a meeting held on June 28, 2007, Shareholders approved the New Agreements.

		AIFS has contractually agreed to waive a portion of its management fee and to reimburse expenses in order to maintain the Funds’ total operating expenses at not more than the following percentages of average annual net assets of the Institutional Class for the period through March 1, 2009 (January 31, 2008 for the Financial Services Fund and March 1, 2011 for the Kansas Tax-Exempt Bond Fund):

	Fund
	Stock Fund		0.89%
	Financial Services Fund		1.25%
	International Equity Fund		0.99%
	Short-Term Bond Fund		0.45%
	Intermediate Bond Fund		0.56%
	Kansas Tax-Exempt Bond Fund		0.40%

		AIFS also provides certain administrative services necessary for the Funds’ operations. The Funds are charged a fee for the services provided, and this fee is calculated based on each Fund’s average daily net assets at annual rate of 0.15%.

		AIFS had entered into an agreement with BISYS Fund Services Ohio, Inc. (the name of which was changed to Citi Fund Services Ohio, Inc. — “CFSO”) whereby CFSO provided sub-administration services up to but not including October 1, 2007. CFSO also served the Funds as transfer agent and fund accountant. For these services, CFSO charged a fee accrued daily and paid monthly, on aggregate net assets of all Funds in the Trust, at an annual rate of:

	Based on Average Daily Net Assets of		Fee Rate
	Up to $500 million		0.075%
	In excess of $500 million but not exceeding $1 billion		0.060%
	In excess of $1 billion		0.050%

On October 1, 2007, the agreement with CFSO was terminated, and Vastardis Fund Services LLC (“Vastardis”) became the Funds’ sub-administrator pursuant to a new administrative services agreement which has been approved by the Board. For sub-administration services it provides starting October 1, 2007, Vastardis earns a fee on aggregate net assets of all Funds in the Trust, at an annual rate of:

	Based on Average Daily Net Assets of		Fee Rate
	Up to $3 billion		0.050%
	In excess of $3 billion but not exceeding $5 billion		0.040%
	In excess of $5 billion		0.030%

		On October 26, 2007, the agreement with CFSO to provide fund accounting services to the Funds was also terminated, and JP Morgan Worldwide Securities Services(“JP Morgan”) became the Funds’ fund accountant.

		BISYS Fund Services Limited Partnership (“BISYS”), an affiliate of CFSO, had served as the Funds’ distributor. Effective August 1, 2007, Foreside Distribution Services, L.P. became the Funds’ new distributor pursuant to a new distribution agreement approved by the Board.

		An employee of CFSO served as the Funds’ Chief Compliance Officer up to but not including October 1, 2007. Effective October 1, 2007, the Trust has contracted with Alaric Compliance Services LLC (“Alaric”) to provide services with respect to the monitoring of the Trust’s compliance program pursuant to rule 38a-1 of the 1940 Act. Alaric has designated Peter Wilson as the Trust’s Chief Compliance Officer. For these services, the Trust pays Alaric a monthly fee, plus any out-of-pocket expenses. Each Fund pays a pro rata portion of the fees based on its share of the Fund’s average monthly net assets.

Continued

American Independence Funds

		Each of the Funds has adopted a plan pursuant to Rule 12b-1 under the 1940 Act (the “Plan”) that allows its Class A and Class C Shares to pay a distribution and service fee, as defined by the Financial Industry Regulatory Authority (“FINRA”), from its assets for selling and distributing its shares. Each Fund can pay distribution and service fees at an annual rate of up to 0.50% of its Class A Share assets, and up to 1.00% of its Class C Share assets. These fees consist of up to 0.25% for distribution services and expenses of the Class A and Class C assets, and up to 0.25% for services, as defined by FINRA of Class A assets and up to 0.75% of Class C assets.

4.		Shares of Beneficial Interest:

		The Trust has an unlimited number of shares of beneficial interest, with a par value of $0.001, which may, without shareholder approval, be divided into an unlimited number of series of such shares and any series may be classified or reclassified into one or more classes. Shareholders are entitled to one vote for each full share held and will vote in the aggregate and not by class or series, except as otherwise expressly required by law or when the Board of Trustees has determined that the matter to be voted on affects only the interest of shareholders of a particular class or series. Establishment and offering of additional Funds will not alter the rights of the Trust’s shareholders. When issued, shares are fully paid, non-assessable, redeemable and freely transferable. In any liquidation of a Fund, each shareholder is entitled to receive his pro rata share of the net assets of that Fund.

5.		Securities Transactions:

		The cost of security purchases and the proceeds from the sale of securities (excluding short-term securities and U.S. Government securities) during the year ended October 31, 2007 were as follows:

	Purchases	Sales
Stock Fund	237,795,382	260,420,203
Financial Services Fund	12,754,777	10,893,826
International Equity Fund	42,902,858	47,914,636
Short-Term Bond Fund	2,948,417	23,025,724
Intermediate Bond Fund	860,687	12,552,064
Kansas Tax-Exempt Bond Fund	37,996,838	14,249,341

The cost of purchases and the proceeds from sales of U.S. Government securities for the year ended October 31, 2007 were as follows:

	Purchases	Sales
Short-Term Bond Fund	29,347,519	7,957,568
Intermediate Bond Fund	5,704,836	8,697,270

6.		Concentration of Credit Risk:

		The Kansas Tax-Exempt Bond Fund invests primarily in debt obligations issued by the State of Kansas and its respective political subdivisions, agencies and public authorities. The Fund is more susceptible to economic and political factors adversely affecting issuers of Kansas specific municipal securities than are municipal bond funds that are not concentrated in these issuers to the same extent. At October 31, 2007, the Fund had the following concentration by industry sector (as a percentage of total investments):

	Miscellaneous	30.5%
	Refunded Bonds	20.6%
	Industrial Development	16.6%
	Hospitals	14.5%
	Utilities	6.8%
	General Obligation	5.1%
	Transportation	4.4%
	Money Market Fund	0.7%
	Housing	0.7%
		100.0%

7.		Federal Income Tax Information:

		At October 31, 2007, the cost, gross unrealized appreciation and gross unrealized depreciation on securities, for federal income tax purposes, were as follows:

		Tax Unrealized	Tax Unrealized	Net Unrealized
	Tax Cost	Appreciaton	(Depreciation)	Appreciation (Depreciation)
Stock Fund	$ 87,122,159	$25,556,550	$ (540,443)	$25,016,107
Financial Services Fund	1,701,400	33,719	(35,896)	(2,177)
International Equity Fund	103,822,230	36,095,423	(1,935,714)	34,159,709
Short-Term Bond Fund	61,609,608	417,342	(146,203)	271,139
Intermediate Bond Fund	34,934,758	361,693	(318,190)	43,503
Kansas Tax-Exempt Bond Fund	177,818,458	2,427,179	(520,686)	1,906,493

Continued

American Independence Funds

The tax character of dividends paid to shareholders during the fiscal year ended October 31, 2007 was as follows:

	Dividends paid from
		Net Long-Term	Total Taxable	Tax Exempt	Total Distributions
	Ordinary Income	Gains	Distributions	Dividends	Paid
Stock Fund	$ 2,029,198	$ 7,311,147	$ 9,340,345	$ —	$ 9,340,345
Financial Services Fund	—	—	—	—	—
International Equity Fund	2,200,415	22,414,889	24,615,304	—	24,615,304
Short-Term Bond Fund	2,596,430	—	2,596,430	—	2,596,430
Intermediate Bond Fund	1,688,928	—	1,688,928	—	1,688,928
Kansas Tax-Exempt Bond Fund*	—	—	—	6,857,913	6,857,913
Kansas Tax-Exempt Bond Fund**	—	—	—	1,237,495	1,237,495

	* Information is as of the Fund’s tax year ended August 31, 2007
	** The Fund changed its tax year-end to October 31, 2007. The information is for the short tax period September 1, 2007 through October 31, 2007.

The tax character of dividends paid to shareholders during the fiscal year ended October 31, 2006 was as follows:

	Dividends paid from
		Net Long-Term	Total Taxable	Tax Exempt	Total Distributions
	Ordinary Income	Gains	Distributions	Dividends	Paid
Stock Fund	$1,426,178	$ —	$ 1,426,178	$ —	$1,426,178
International Equity Fund**	1,806,318	6,171,784	7,978,102	—	7,978,102
Short-Term Bond Fund*	2,235,765	—	2,235,765	—	2,235,765
Intermediate Bond Fund	2,128,622	6,225	2,134,847	—	2,134,847
Kansas Tax-Exempt Bond Fund***	—	—	—	6,352,964	6,352,964

	* Name was changed during the 2006 reporting period. Previous name was UltraShort Bond Fund.
	** Name was changed during the 2006 reporting period. Previous name was International Multi-Manager Stock Fund.
	*** Information is as of the Fund’s former tax year ended August 31, 2006.

As of October 31, 2007 the components of accumulated earnings on a tax basis were as follows:

								Total
	Undistributed		Undistributed			Accumulated	Unrealized	Accumulated
	Ordinary		Long-Term	Accumulated	Dividends	Capital and	Appreciation	Earnings/
	Income		Capital Gains	Earnings	Payable	Other Losses	(Depreciaton)	(Deficit)
Stock Fund	$2,687,165		$16,878,694	$19,565,859	$ —	$ —	$ 25,016,107	$44,581,966
Financial Services Fund	4,232		—	4,232	—	(77,627)	(2,177)	(75,572)
International Equity Fund	4,064,415		5,539,024	9,603,439	—	—	34,173,684	43,777,123
Short-Term Bond Fund	65,204		—	65,204	72,802	(266,578)	271,139	(3,037)
Intermediate Bond Fund	130,329		—	130,329	42,297	(403,013)	43,503	(271,478)
Kansas Tax-Exempt Bond Fund	287,864	*	—	287,864	201,530	(2,410,459)	1,906,493	(417,632)

	* Undistributed tax-exempt income.

	At October 31, 2007, the following Funds had net capital loss carry-forwards which are available to offset future net capital gains, if any:

	Amount		Expires
Financial Services Fund	$	77,627	2015
Short-Term Bond Fund		171,659	2013
		74,624	2014
		20,295	2015
Intermediate Bond Fund		187,933	2014
		215,080	2015
Kansas Tax-Exempt Bond Fund		592,685	2009
		1,379,613	2010
		2,495	2011
		122,004	2012
		88,129	2013
		225,533	2015

	For the fiscal year ended October 31, 2007, 95.36% of the income dividends paid by the Stock Fund qualify for the dividends received deduction available to corporate shareholders.

	For the fiscal year ended October 31, 2007, dividends paid by the Funds may be subject to a maximum tax rate of 15% as provided by the Jobs and Growth Tax Reconciliation Act of 2003. The Funds intend to designate the maximum amount allowable as taxes at a maximum rate of 15%. Completed information will be reported in conjunction with the 2007 Form 1099-DIV.

American Independence Funds

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of
American Independence Funds Trust:

We have audited the accompanying statements of assets and liabilities of The American Independence Funds Trust (The “Trust”) including the Stock Fund, International Equity Fund, Short-Term Bond Fund, Intermediate Bond Fund, Kansas Tax-Exempt Bond Fund and Financial Services Fund (collectively the “Funds”), including the schedules of investments, as of October 31, 2007 and the related statements of operations for the year then ended (period then ended for the Financial Services Fund, whose inception date was 3/1/07) and changes in net assets and financial highlights for each of the two years then ended (period then ended for the Financial Services Fund, whose inception date was 3/1/07). These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. The financial highlights of all Funds except the Financial Services Fund for each of the three years in the period ended October 31, 2005 were audited by other auditors. Those auditors expressed an unqualified opinion on those financial highlights in their report dated December 21, 2005.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Trust is not required to have, nor were we engaged to perform an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2007 by correspondence with the custodian and brokers; where replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the aforementioned funds of American Independence Funds Trust as of October 31, 2007, the results of their operations for the year then ended (period then ended for the Financial Services Fund, whose inception date was 3/1/07), and changes in their net assets and their financial highlights for each of the two years then ended (period then ended for the Financial Services Fund, whose inception date was 3/1/07), in conformity with accounting principles generally accepted in the United States of America.

Grant Thornton LLP

Chicago, Illinois
December 27, 2007

American Independence Funds

INDEPENDENT TRUSTEES
				Number of Funds	Other
	Position(s)	Term of Office		in complex	Directorships
Name, Address	Held with	and Length of	Principal Occupation(s) During	Overseen by	Held by
and Age	Company	Time Served	Past Five Years	Trustee	Trustee
Terry L. Carter 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 57	Trustee	Indefinite	Retired	11	None

Joseph Hankin 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 66	Trustee	Indefinite	President, Westchester Community College since 1971	11	None

Jeffrey Haas 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 44	Trustee	Indefinite	Professor of Law, New York Law School 1996-Present	11	None

Thomas F. Kice 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 56	Trustee	Indefinite	President of Kice Industries, Inc.	11	None

George Mileusnic 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 51	Trustee	Indefinite	Chief Financial Officer of Caribou Coffee, Inc. (2001-Present). Chief Financial Officer of Dean and DeLuca (2000-2001). Executive Vice President of The Coleman Company (September 1989 - September 1998).	11	None

Peter Ochs 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 52	Trustee	Indefinite	Manager of Ochs & Associates, Inc.	11	None

Richard Wedemeyer 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 71	Trustee	Indefinite	Retired. Formerly Vice President Finance and Administration The Channel Corporation (June 1996-April 2002)	11	None
INTERESTED TRUSTEES
Ronald L. Baldwin 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 50	Trustee	Indefinite	Retired. From 1980 to 2005, Director INTRUST Financial Services, Inc. Director of INTRUST Brokerage, Inc., and Chief Operating Officer and President of INTRUST Bank, N.A.	11	None

John J. Pileggi 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 48	Trustee	Indefinite	Managing Partner of American Independence Financial Services, LLC since 2004. Formerly President and Chief Executive Officer, Mercantile Capital Advisors Inc. (2002-2004). Formerly, President and Chief Executive Officer, PLUSFunds.com (2000-2002). Formerly, President and Chief Executive Officer of ING Mutual Fund Management Co. LLC (1998-2000).	11	None

American Independence Funds

OFFICERS
				Number of Funds	Other
	Position(s)	Term of Office		in complex	Directorships
Name, Address	Held with	and Length of	Principal Occupation(s) During	Overseen by	Held by
and Age	Company	Time Served	Past Five Years	Trustee	Trustee
Eric Rubin Age: 41	President	7/2005-Present	President, American Independence Financial Services, LLC (2/05-Present). Formerly Senior Vice President Mercantile Capital Advisers (4/03-4/04). Formerly Senior Vice President DST International (01/02-04/03). Formerly President EMR Financial Services (06/00-02/01). Formerly Senior Vice President ING Funds 06/98-12/99).	N/A	N/A

Susan Silva Age: 40	Treasurer	10/2007 – Present	Vice-President of Vastardis Fund Services LLC since August 2006; Treasurer of The FBR Funds from 2002 through 2006 and officer of FBR National Trust Company from 2001 through 2005.	N/A	N/A

Peter W. Wilson Age: 30	Chief Compliance Officer	10/2007 – Present	Director of Alaric Compliance Services, LLC 2007 to Present; Attorney, U.S. Army JAG Corps - 2003 to 2007.	N/A	N/A

Theresa Donovan Age: 57	Secretary	7/2005 – Present	Senior Director Compliance and Administration American Independence Financial Services, LLC (05/05-Present). Formerly Senior Corporate Paralegal, Paul, Weiss, Rifkind, Wharton & Garrison, LLP (04/98-05/05).	N/A	N/A

Additional information regarding the Trustees and Officers may be found in the Trust’s Statement of Additional Information and is available, without charge, upon request, by calling 1-866-410-2006.

American Independence Funds

Additional Fund Information (Unaudited)

The American Independence Funds invested, as a percentage of net assets, in the following as
of October 31, 2007.

Stock Fund

Portfolio Diversification	Assets
Financials	24.0	%
Consumer Discretionary	17.1
Energy	10.9
Industrials	10.2
Healthcare	5.2
Consumer Staples	5.8
Materials	2.8
Telecommunications Services	3.4
Technology	5.4
Money Market	14.4
Total Investments	99.2	%
Other Assets in Excess of Liabilities	0.8
Net Assets	100.0	%

Financial Services Fund
	% of Net
Portfolio Diversification	Assets
Banks	49.7	%
Speciality Insurance	16.2
Life Insurance	8.2
Insurance	8.1
Asset Management	1.1
Limited Partnership	1.2
Total Investments	84.5	%
Other Assets in Excess of Liabilities	15.5
Net Assets	100.0	%

International Equity Fund
	% of Net
Portfolio Diversification	Assets
Financials	20.8	%
Consumer Discretionary	17.8
Energy	17.4
Industrials	14.6
Consumer Staples	3.0
Technology	1.1
Healthcare	7.4
Telecommunications Services	9.6
Materials	4.9
Money Market	3.1
Total Investments	99.7	%
Other Assets in Excess of Liabilities	0.3
Net Assets	100.0	%

Short-Term Bond Fund

Portfolio Diversification	Assets
U.S. Government and Agency Securities	74.9	%
Asset Backed Securities	6.2
Corporate Bonds	5.8
Tax Municipal Bonds	4.6
Collateralized Mortgage Obligations	4.1
Medium Term Notes	1.2
Money Market	2.2
Total Investments	99.0	%
Other Assets in Excess of Liabilities	1.0
Net Assets	100.0	%

Intermediate Bond Fund
	% of Net
Portfolio Diversification	Assets
U.S. Government and Agency Securities	40.8	%
Asset Backed Securities	5.7
Tax Municipal Bonds	8.3
Collateralized Mortgage Obligations	16.7
Corporate Bonds	19.2
Medium Term Notes	0.6
Money Market	7.8
Total Investments	99.1	%
Other Assets in Excess of Liabilities	0.9
Net Assets	100.0	%

Kansas Tax-Exempt Bond Fund
	% of Net
Portfolio Diversification	Assets
Miscellaneous	30.3	%
Refunded Bonds	20.5
Industrial Development	16.5
Hospitals	14.5
Utilities	6.7
General Obligation	5.1
Transportation	4.4
Housing	0.8
Money Market	0.7
Total Investments	99.5	%
Other Assets in Excess of Liabilities	0.5
Net Assets	100.0	%

American Independence Funds

APPROVAL OF NEW INVESTMENT SUB-ADVISORY CONTRACTS

Stock Fund

At a meeting of the Board held on March 30, 2007, the Board of Trustees, including the Trustees who are not “interested persons” (as defined in the 1940 Act), determined that the appointment of American Independence Capital Management, LLC (“AICM”), a newly registered investment adviser, which was established jointly by American Independence Financial Services, LLC and Miller & Jacobs Capital, as sub-advisor to the Stock Fund (the “Fund”) was in the best interests of the Fund and its shareholders, and unanimously approved an Interim Sub-Advisory Agreement between American Independence Financial Services, LLC and American Independence Capital Management, LLC, subject to shareholder approval. The Interim Sub-Advisory Agreement is substantially identical to the Prior Sub-Advisory Agreement. Shareholders of the Fund approved the Sub-Advisory Agreement at a meeting on June 28, 2007, held specifically for the approval of the New Sub-Advisory Agreement. The New Sub-Advisory Agreement provides for fees payable to AICM for its sub-advisory services at the same rate as payable under the Prior Sub-Advisory Agreement.

In evaluating the New Sub-Advisory Agreement, the Board reviewed materials furnished by the Adviser and AICM, including (i) information about the Adviser’s and AICM’s personnel, operations and management of the Fund, (ii) comparative data as to the Fund’s investment performance and advisory fees, (iii) the sub-advisor’s trade allocation methods; the standards and performance in seeking best execution; allocation for brokerage and research and use of soft dollars and (iv) representations by AICM that it would provide advisory and other services to the Fund of a scope and quality at least equivalent to the scope and quality of the services currently provided to the Fund.

The Board also considered that the terms of the New Sub-Advisory Agreement will remain materially unchanged from the Prior Sub-Advisory Agreement and that the advisory fees payable by the Fund will remain the same.

Based upon its evaluation, the Board concluded that the Adviser’s engagement of AICM as sub-advisers to the Fund has provided the Fund access to highly effective management and advisory services and capabilities and that the provision of investment advisory services by AICM is in the best interests of the Fund.

The Board concluded further that the terms of the New Sub-Advisory Agreement, including the fees contemplated thereby, are fair and reasonable and in the best interests of the Fund and its shareholders.

Short-Term Bond Fund and Intermediate Bond Fund

At a meeting of the Board held on March 30, 2007, the Board of Trustees, including the Trustees who are not “interested persons” (as defined in the 1940 Act), after careful consideration of a variety of factors, determined that the appointment of American Independence Financial Counselors, LLC (“AIFC”), a newly registered investment adviser, which is a wholly owned subsidiary of American Independence Financial Services, LLC, as sub-advisor to the Short-Term Bond Fund and Intermediate Bond Fund (the “Funds”) was in the best interests of the Funds and their respective shareholders, and unanimously approved an Interim Sub-Advisory Agreement between American Independence Financial Services, LLC and American Independence Financial Counselors, LLC, subject to shareholder approval. At a shareholder meeting held on June 28, 2007 specifically to approve the New Sub-Advisory Agreements, shareholders approved the New Sub-Advisory Agreement. The Interim Sub-Advisory Agreement is substantially identical to the Prior Sub-Advisory Agreement. The New Sub-Advisory Agreement provides for fees payable to AIFC for its sub-advisory services at the same rate as payable under the Prior Sub-Advisory Agreement.

In evaluating the New Sub-Advisory Agreement, the Board reviewed materials furnished by the Adviser and AIFC, including (i) information about the Adviser’s and AIFC’s personnel, operations and management of the Funds, (ii) comparative data as to the Funds’ investment performance and advisory fees, (iii) the sub-advisor’s trade allocation methods; the standards and performance in seeking best execution; allocation for brokerage and research and use of soft dollars and (iv) representations by AIFC that it would provide advisory and other services to the Funds of a scope and quality at least equivalent to the scope and quality of the services currently provided to the Funds.

Based upon its evaluation, the Board concluded that the Adviser’s engagement of AIFC as sub-advisers to the Funds has provided the Funds access to highly effective management and advisory services and capabilities and that the provision of investment advisory services by AIFC is in the best interests of the Funds.

American Independence Funds

Table of Shareholder Expenses (Unaudited):

As a shareholder of the Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases and (2) ongoing costs, including management fees, distribution and service fees and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested on May 1, 2007 and held for the entire period from May 1, 2007 through October 31, 2007.

Actual Expenses

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

		Beginning	Ending	Expenses Paid	Expense Ratio
		Account Value	Account Value	During Period*	During Period**
		5/1/07	10/31/07	5/1/07 - 10/31/07	5/1/07 - 10/31/07
Stock Fund	Institutional Class Shares	$ 1,000.00	$ 1,055.56	$ 4.61	0.89%
	Class A Shares	1,000.00	1,052.73	7.19	1.39%
	Class C Shares***	1,000.00	1,031.87	1.95	1.89%
Financial Services Fund	Institutional Class Shares	1,000.00	970.91	6.21	1.25%
	Class A Shares	1,000.00	966.93	8.70	1.75%
	Class C Shares***	1,000.00	978.68	2.26	2.25%
International Equity Fund	Institutional Class Shares	1,000.00	1,100.20	5.24	0.99%
	Class A Shares	1,000.00	1,098.03	7.88	1.49%
	Class C Shares***	1,000.00	1,059.05	2.08	1.99%
Short-Term Bond Fund	Institutional Class Shares	1,000.00	1,031.33	2.30	0.45%
	Class A Shares	1,000.00	1,029.50	3.84	0.75%
Intermediate Bond Fund	Institutional Class Shares	1,000.00	1,028.43	2.86	0.56%
	Class A Shares	1,000.00	1,027.53	4.39	0.86%
Kansas Tax-Exempt Bond Fund	Institutional Class Shares	1,000.00	1,015.43	2.03	0.40%
	Class A Shares	1,000.00	1,013.19	4.06	0.80%
	Class C Shares***	1,000.00	1,008.34	6.24	1.40%

*		Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
**		Annualized
***		Information shown reflects values using the expense ratios and rates of returns for the period from the date operations commenced (i.e., - September 24, 2007 excepting the Kansas Tax-Exempt Bond Fund which commenced on May 22, 2007) through October 31, 2007 and has been calculated using expense ratios and rates of return for the same time period.

American Independence Funds

Hypothetical Example for Comparison Purposes

The table below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

		Beginning	Ending	Expense Paid	Expense Ratio
		Account Value	Account Value	During Period*	During Period**
		5/1/07	10/31/07	5/1/07 - 10/31/07	5/1/07 - 10/31/07
Stock Fund	Institutional Class Shares	$ 1,000.00	$ 1,020.67	$ 4.54	0.89%
	Class A Shares	1,000.00	1,018.11	7.10	1.39%
	Class C Shares***	1,000.00	1,023.27	1.94	1.89%
Financial Services Fund	Institutional Class Shares	1,000.00	1,018.83	6.38	1.25%
	Class A Shares	1,000.00	1,016.25	8.96	1.75%
	Class C Shares***	1,000.00	1,022.90	2.31	2.25%
International Equity Fund	Institutional Class Shares	1,000.00	1,020.15	5.06	0.99%
	Class A Shares	1,000.00	1,017.60	7.61	1.49%
	Class C Shares***	1,000.00	1,023.17	2.04	1.99%
Short-Term Bond Fund	Institutional Class Shares	1,000.00	1,022.91	2.30	0.45%
	Class A Shares	1,000.00	1,021.38	3.83	0.75%
Intermediate Bond Fund	Institutional Class Shares	1,000.00	1,022.35	2.86	0.56%
	Class A Shares	1,000.00	1,020.82	4.39	0.86%
Kansas Tax-Exempt Bond Fund	Institutional Class Shares	1,000.00	1,023.17	2.04	0.40%
	Class A Shares	1,000.00	1,021.12	4.09	0.80%
	Class C Shares***	1,000.00	1,018.92	6.29	1.40%

*		Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
**		Annualized
***		Information shown reflects values using the expense ratios for the period from the date operations commenced (i.e., - September 24, 2007 excepting the Kansas Tax-Exempt Bond Fund which commenced on May 22, 2007) through October 31, 2007 and has been calculated using expense ratios for the same time period.

Investment Adviser and Administrator:
American Independence Financial Services, LLC
335 Madison Avenue, Mezzanine
New York, NY 10017

Custodian:
INTRUST Bank NA
105 North Main Street
Wichita, KS 67202

Transfer Agent:
Boston Financial Data Services, Inc.
2 Heritage Drive
Quincy, MA 02171

Distributor:
Foreside Distribution Services, L.P.
Ground Floor
Two Portland Square
Portland, ME 04101

Sub-Administrator:
Vastardis Fund Services LLC
41 Madison Avenue, 30^th Floor
New York, NY 10010

FOR ADDITIONAL INFORMATION, CALL:
1-866-410-2006

This material must be preceded or accompanied
by a current prospectus.

AIF AR 103107

	October 31, 2007







	Nest Egg Dow Jones Target Date Funds	Annual Report
2010
2015
2020
2030
2040

Based on the Dow Jones Target Date Indexes.

NOT FDIC Insured. May lose value. No bank guarantee.

This material must be accompanied or preceded by a prospectus.

American Independence Financial Services, LLC is a limited liability company. “Dow Jones,” “Dow Jones Indexes,” “Dow Jones Target Date Indexes,” and “Dow Jones U.S. Target Date Indexes” are service marks of Dow Jones & Company, Inc. Dow Jones does not sell, nor does it sponsor, endorse, or make any recommendation regarding the purchase or sale of any security.

American Independence Funds are distributed by Foreside Distribution Services, L.P.

Table of Contents

NestEgg Dow Jones Target Date Funds
Annual Report—October 31, 2007

President’s Letter to Shareholders	1
Fund Performance	2

NestEgg Dow Jones 2010 Fund
Schedule of Portfolio Investments	7

NestEgg Dow Jones 2015 Fund
Schedule of Portfolio Investments	11

NestEgg Dow Jones 2020 Fund
Schedule of Portfolio Investments	15

NestEgg Dow Jones 2030 Fund
Schedule of Portfolio Investments	19

NestEgg Dow Jones 2040 Fund
Schedule of Portfolio Investments	23


Statements of Assets and Liabilities	27
Statements of Operations	28
Statements of Changes in Net Assets	29
Financial Highlights	31

Notes to Financial Statements	34
Report of Independent Registered Public Accounting Firm	38
Additional Fund Information	39
Trustees and Officers	41
Table of Shareholder Expenses	43

Schedules of Portfolio Investments as of January 31 and July 31 are available without charge, on the Securities and Exchange Commission’s website at http://www.sec.gov.

The complete Schedules of Portfolio Investments are available (i) without charge, upon request, by calling toll-free 1-866-410-2006; and (ii) on the Securities and Exchange Commission’s website at http://www.sec.gov.

NestEgg Dow Jones Target Date Funds

Dear Fellow Shareholder:

I am pleased to present you with the Annual Report for the NestEgg Dow Jones Target Date Funds (the “Funds” or for each fund separately, a “Fund”) for the fiscal year ending October 31, 2007. The following pages will offer you insight into the Funds’ performance, enhancements made to each Fund, and serve as a reminder of what we have achieved as we seek to maximize each shareholder’s experience.

The past fiscal year has been an exciting one for the Funds and American Independence Financial Services, LLC (AIFS). This period marks the first full fiscal year that AIFS has managed the funds. It is also the first complete fiscal year that the Funds have been managed to a Dow Jones Target Date Index.

Until July 31, 2007, the Funds were managed as the NestEgg Dow Jones U.S. Target Date Funds and sought to replicate the performance of the Dow Jones U.S. Target Date Indexes, less expenses. During this period, the Funds owned no international stocks or bonds. After extensive market analysis and a positive response from shareholders, the Funds voted to change the indexes tracked to the Dow Jones Target Date Indexes. By doing this, the Funds now have exposure to international stocks and bonds. Four international asset classes were added increasing the Funds’ overall diversity, and over a thousand securities were added to each Fund.

This policy took effect on August 1st and each of the Funds was renamed to reflect this new objective. The name changes were as follows:

NestEgg Dow Jones U.S. 2010 Fund became the NestEgg Dow Jones 2010 Fund
NestEgg Dow Jones U.S. 2015 Fund became the NestEgg Dow Jones 2015 Fund
NestEgg Dow Jones U.S. 2020 Fund became the NestEgg Dow Jones 2020 Fund
NestEgg Dow Jones U.S. 2030 Fund became the NestEgg Dow Jones 2030 Fund
NestEgg Dow Jones U.S. 2040 Fund became the NestEgg Dow Jones 2040 Fund

Additionally, on August 1st, the Funds reduced the maximum expense ratio of each Fund, which had an immediate positive impact on performance. The percentage of the reduction in fees and expenses ranged from a high of 53% to 10%. Every Fund and every Class benefited from this reduction in fees.

Continuing the improvements in cost and service, in October, the Funds engaged Boston Financial Data Services as Transfer Agent and Shareholder Service Agent. I hope that you have found the shareholder representatives to be efficient and courteous, and in January, you will be receiving the first of your enhanced Fund statements.

Everyone at American Independence believes that this has been a very positive year for the NestEgg Dow Jones Target Date Funds. We value your support and appreciate your faith. We continually strive to make investing in the Funds a rewarding experience.The Funds are well positioned as we enter the next year, and AIFS will continue to seek to provide additional services, improve existing ones, and build upon the existing strong foundation.

Thank you all for your support. Please do not hesitate to contact us with any questions at 866-410-2006. I hope 2008 turns out to be a positive year for the markets and an enjoyable one for you.

Sincerely,

Eric M. Rubin
President

Past performance does not guarantee future results.

NestEgg Dow Jones Target Date Funds

NestEgg Dow Jones 2010 Fund – Performance

This chart assumes an initial investment of $10,000 in the Institutional Class made on January 4, 1999. Total Return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include the reinvestment of all dividends and other distributions.

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		Since Inception (1/4/99)
NestEgg Dow Jones 2010 Fund
Institutional Class	7.34	%	7.07	%	4.82	%
Class A Shares^†	1.64	%	5.46	%	3.51	%
Class C Shares^††	5.24	%	6.31	%	3.99	%
Dow Jones Target 2010 Index	9.60	%	10.74	%	6.97	%
Dow Jones U.S. Target 2010 Index	7.40	%	9.35	%	6.38	%

^† Reflects maximum sales charge of 4.75%.
^†† Reflects contingent deferred sales charge (“CDSC”) of 1.00% assessed on shares redeemed within one year of purchase.

Pursuant to an agreement and plan of reorganization, the Fund acquired the assets and liabilities of the corresponding predecessor fund on March 2, 2006. In the Reorganization, the predecessor fund exchanged all of its assets for shares of the Fund. The predecessor fund offered a class of shares similar to the Fund’s Institutional Class and Class A shares known as Service Class and Premium Class, respectively. As a result of the reorganization, the Fund will carryforward the performance history of the corresponding predecessor fund, as the predecessor fund is the accounting survivor. The performance of the Institutional Class shares of the fund includes the performance of the predecessor fund’s Service Class shares prior to the reorganization, but has not been restated to reflect differences in expenses. If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be higher. The performance of the Class A shares of the Fund includes the performance of the predecessor fund’s Premium Class shares prior to the reorganization. The performance of the predecessor fund’s Premium Class shares prior to commencement of operations on November 1, 2002 includes the performance of the predecessor fund’s Service Class shares. Such performance has been restated to reflect differences in any applicable sales charges (but not differences in expenses). If the performance had been adjusted to reflect all differences in expenses, the performance of the Fund would be lower. The performance of the Fund’s Class C Shares prior to commencement of operations on March 15, 2006 includes the performance of the Fund’s Class A Shares from March 2, 2006 through March 14, 2006 and the performance of the predecessor fund’s Premium Shares prior to the reorganization. Such performance has been restated to reflect differences in any applicable sales charges and expenses. For the period from November 1, 2002 through the date of the reorganization, the predecessor fund operated as a “fund of funds.” Prior to November 1, 2002, the predecessor fund operated under a “master-feeder” structure.

The Fund has changed its standardized benchmark from the former Dow Jones U.S. Target 2010 Index to the Dow Jones Target 2010 Index. This was done to permit an asset allocation which includes non-U.S. securities. Like its U.S.-only counterpart, the Dow Jones Target 2010 Index represents a balanced portfolio whose allocations are automatically adjusted to reduce potential risk over time. Target Date refers to the date that the invested capital will be needed. The index allocates among domestic and international stock, bond and cash subindexes on a monthly basis to measure predefined relative risk levels. This systematic reduction of risk occurs beginning 35 years prior to a defined target date. The index does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in its underlying securities.

During the period shown, certain fees and expenses of the Fund may have been reduced and/ or reimbursed. If such fee reductions and/ or reimbursements had not occurred, the performance of the Fund would have been lower.

NestEgg Dow Jones Target Date Funds

NestEgg Dow Jones 2015 Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		Since Inception (1/4/99)
NestEgg Dow Jones 2015 Fund
Institutional Class	9.17	%	8.28	%	4.38	%
Class A Shares^†	3.52	%	6.68	%	3.14	%
Class C Shares^††	7.05	%	7.21	%	3.17	%
Dow Jones Target 2015 Index	11.64	%	12.73	%	7.53	%
Dow Jones U.S. Target 2015 Index	8.81	%	10.98	%	6.70	%

^† Reflects maximum sales charge of 4.75%.
^†† Reflects contingent deferred sales charge (“CDSC”) of 1.00% assessed on shares redeemed within one year of purchase.

The Fund has changed its standardized benchmark from the former Dow Jones U.S. Target 2015 Index to the Dow Jones Target 2015 Index. This was done to permit an asset allocation which includes non-U.S. securities. Like its U.S.-only counterpart, the Dow Jones Target 2015 Index represents a balanced portfolio whose allocations are automatically adjusted to reduce potential risk over time. Target Date refers to the date that the invested capital will be needed. The index allocates among domestic and international stock, bond and cash subindexes on a monthly basis to measure predefined relative risk levels. This systematic reduction of risk occurs beginning 35 years prior to a defined target date. The index does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in its underlying securities.

NestEgg Dow Jones Target Date Funds

NestEgg Dow Jones 2020 Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		Since Inception (1/4/99)
NestEgg Dow Jones 2020 Fund
Institutional Class	10.77	%	10.03	%	4.04	%
Class A Shares^†	4.92	%	8.39	%	2.81	%
Class C Shares^††	8.68	%	8.95	%	2.84	%
Dow Jones Target 2020 Index	14.04	%	14.89	%	8.16	%
Dow Jones U.S. Target 2020 Index	10.18	%	12.56	%	6.98	%

^† Reflects maximum sales charge of 4.75%.
^†† Reflects contingent deferred sales charge (“CDSC”) of 1.00% assessed on shares redeemed within one year of purchase.

The Fund has changed its standardized benchmark from the former Dow Jones U.S. Target 2020 Index to the Dow Jones Target 2020 Index. This was done to permit an asset allocation which includes non-U.S. securities. Like its U.S.-only counterpart, the Dow Jones Target 2020 Index represents a balanced portfolio whose allocations are automatically adjusted to reduce potential risk over time. Target Date refers to the date that the invested capital will be needed. The index allocates among domestic and international stock, bond and cash subindexes on a monthly basis to measure predefined relative risk levels. This systematic reduction of risk occurs beginning 35 years prior to a defined target date. The index does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in its underlying securities.

NestEgg Dow Jones Target Date Funds

NestEgg Dow Jones 2030 Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		Since Inception (1/4/99)
NestEgg Dow Jones 2030 Fund
Institutional Class	13.33	%	11.94	%	4.17	%
Class A Shares^†	7.43	%	10.25	%	2.95	%
Class C Shares^††	11.14	%	11.11	%	3.41	%
Dow Jones Target 2030 Index	17.78	%	18.18	%	9.07	%
Dow Jones U.S. Target 2030 Index	12.29	%	15.00	%	7.37	%

^† Reflects maximum sales charge of 4.75%.
^†† Reflects contingent deferred sales charge (“CDSC”) of 1.00% assessed on shares redeemed within one year of purchase.

The Fund has changed its standardized benchmark from the former Dow Jones U.S. Target 2030 Index to the Dow Jones Target 2030 Index. This was done to permit an asset allocation which includes non-U.S. securities. Like its U.S.-only counterpart, the Dow Jones Target 2030 Index represents a balanced portfolio whose allocations are automatically adjusted to reduce potential risk over time. Target Date refers to the date that the invested capital will be needed. The index allocates among domestic and international stock, bond and cash subindexes on a monthly basis to measure predefined relative risk levels. This systematic reduction of risk occurs beginning 35 years prior to a defined target date. The index does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in its underlying securities.

NestEgg Dow Jones Target Date Funds

NestEgg Dow Jones 2040 Fund – Performance

Total Returns as of October 31, 2007	Annualized
	1 Year		5 Year		Since Inception (1/4/99)
NestEgg Dow Jones 2040 Fund
Institutional Class	14.69	%	13.73	%	4.15	%
Class A Shares^†	8.66	%	12.00	%	2.97	%
Class C Shares^††	12.49	%	12.62	%	3.05	%
Dow Jones Target 2040 Index	19.45	%	19.33	%	9.47	%
Dow Jones U.S. Target 2040 Index	13.20	%	15.82	%	7.60	%

^† Reflects maximum sales charge of 4.75%.
^†† Reflects contingent deferred sales charge (“CDSC”) of 1.00% assessed on shares redeemed within one year of purchase.

The Fund has changed its standardized benchmark from the former Dow Jones U.S. Target 2040 Index to the Dow Jones Target 2040 Index. This was done to permit an asset allocation which includes non-U.S. securities. Like its U.S.-only counterpart, the Dow Jones Target 2040 Index represents a balanced portfolio whose allocations are automatically adjusted to reduce potential risk over time. Target Date refers to the date that the invested capital will be needed. The index allocates among domestic and international stock, bond and cash subindexes on a monthly basis to measure predefined relative risk levels. This systematic reduction of risk occurs beginning 35 years prior to a defined target date. The index does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index although they can invest in its underlying securities.

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments
NestEgg Dow Jones 2010 Fund	October 31, 2007

Common Stocks (23.32%)
	Shares or
	Principal
Security Description	(Currency Noted)	Value ($)
AAR Corp. (Industrial) (b)	14	449
Adobe Systems, Inc. (Technology) (b)	23	1,102
Advanced Micro Devices, Inc.
(Technology) (b)	90	1,177
The AES Corp. (Utilities) (b)	26	557
AK Steel Holding Corp.
(Basic Materials) (b)	41	2,055
Alaska Air Group, Inc.
(Consumer, Cyclical) (b)	30	762
American Tower Corp.
(Communications) (b)	16	707
Amgen, Inc.
(Consumer, Non-cyclical) (b)	45	2,615
AMR Corp. (Consumer, Cyclical) (b)	41	984
Anixter International, Inc.
(Communications) (b)	12	862
Apple, Inc. (Technology) (b)	31	5,888
Aquila, Inc. (Utilities) (b)	242	1,012
Arrow Electronics, Inc. (Industrial) (b)	21	840
Atos Origin SA (Technology) (b)	2	122
Autodesk, Inc. (Technology) (b)	36	1,760
Avis Budget Group, Inc.
(Consumer, Non-cyclical) (b)	61	1,273
Avnet, Inc. (Industrial) (b)	26	1,085
Big Lots, Inc. (Consumer, Cyclical) (b)	21	504
Blockbuster, Inc.
(Consumer, Cyclical) (b)	78	410
Bombardier, Inc. (Industrial) (b)	22	130
British Airways PLC.
(Consumer, Cyclical) (b)	13	120
Business Objects SA (Technology) (b)	2	120
Cablevision Systems Corp.
(Communications) (b)	35	1,027
Charming Shoppes, Inc.
(Consumer, Cyclical) (b)	66	490
Charter Plc. (Industrial) (b)	5	113
Checkpoint Systems, Inc.
(Industrial) (b)	21	635
China Everbright Ltd. (Financial) (b)	46	204
China Grand Forestry Resources
(Industrial) (b)	264	92
China Insurance International
(Financial) (b)	44	142
Cincinnati Bell, Inc.
(Communications) (b)	130	705
Citic Resources Holdings Ltd.
(Diversified) (b)	148	94
Comcast Corp. (Communications) (b)	131	2,749
Computer Sciences Corp.
(Technology) (b)	34	1,985
Corrections Corporation of America
(Consumer, Non-cyclical) (b)	46	1,301
The DIRECTV Group, Inc.
(Communications) (b)	31	821
Domtar Corp. (Basic Materials) (b)	108	927
Dynegy, Inc. (Utilities) (b)	74	682
EchoStar Communications Corp.
(Communications) (b)	32	1,567
EMC Corp. (Technology) (b)	89	2,260
ESCO Technologies, Inc.
(Industrial) (b)	10	414
Esterline Technologies Corp.
(Industrial) (b)	10	548
FirstFed Financial Corp.
(Financial) (b)	7	299
Ford Motor Co.
(Consumer, Cyclical) (b)	87	772
Foster Wheeler Ltd. (Industrial) (b)	11	1,631
Galaxy Entertainment Group Ltd.
(Consumer, Cyclical) (b)	106	115
Gaylord Entertainment Co.
(Consumer, Cyclical) (b)	15	817
General Cable Corp. (Industrial) (b)	20	1,440
Genting International PLC.
(Financial) (b)	184	88
Hitachi Zosen Corp. (Industrial) (b)	56	93
Humana, Inc.
(Consumer, Non-cyclical) (b)	26	1,949
Immoeast AG (Financial) (b)	8	97
Impregilo SpA (Industrial) (b)	13	104
Infineon Technologies AG
(Technology) (b)	12	176
Interpublic Group of Companies, Inc.
(Communications) (b)	96	994
Investment Technology Group, Inc.
(Financial) (b)	17	712
ITT Educational Services, Inc.
(Consumer, Non-cyclical) (b)	15	1,908
Jacobs Engineering Group, Inc.
(Industrial) (b)	18	1,569
Jyske Bank A/S (Financial) (b)	1	82
Kirby Corp. (Industrial) (b)	8	365
Kulicke & Soffa Industries, Inc.
(Technology) (b)	41	310
LaBranche & Co, Inc. (Financial) (b)	38	208
Lear Corp. (Consumer, Cyclical) (b)	38	1,350
Lihir Gold Ltd. (Basic Materials) (b)	60	231
Logitech International SA
(Technology) (b)	4	139
McDermott International, Inc.
(Industrial) (b)	34	2,076
Meritage Homes Corp.
(Consumer, Cyclical) (b)	13	209
MGM Mirage (Consumer, Cyclical) (b)	4	366
Microsemi Corp. (Technology) (b)	25	665
Millipore Corp.
(Consumer, Non-cyclical) (b)	8	621
Mitsubishi Motors Corp.
(Consumer, Cyclical) (b)	128	250
Moog, Inc. (Industrial) (b)	14	646
Mount Gibson Iron Ltd.
(Basic Materials) (b)	85	235
Newport Corp. (Industrial) (b)	16	219
Orbotech Ltd. (Industrial) (b)	22	455
Parker Drilling Co. (Energy) (b)	72	608
Pier 1 Imports, Inc.
(Consumer, Cyclical) (b)	54	275
Pinnacle Entertainment, Inc.
(Consumer, Cyclical) (b)	22	642
Pre-Paid Legal Services, Inc.
(Consumer, Non-cyclical) (b)	5	298
Psychiatric Solutions, Inc.
(Consumer, Non-cyclical) (b)	20	792
Qwest Communications International
(Communications) (b)	73	524

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2010 Fund	October 31, 2007

Common Stocks, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
Ralcorp Holdings, Inc.
(Consumer, Non-cyclical) (b)		10	563
RH Donnelley Corp.
(Communications) (b)		11	603
Rite Aid Corp.
(Consumer, Cyclical) (b)		83	325
RTI International Metals, Inc.
(Basic Materials) (b)		9	704
SGL Carbon AG (Basic Materials) (b)		2	117
Six Flags, Inc.
(Consumer, Cyclical) (b)		50	162
Skyworks Solutions, Inc.
(Technology) (b)		85	784
Southwestern Energy Co.
(Energy) (b)		26	1,345
St. Jude Medical, Inc.
(Consumer, Non-cyclical) (b)		13	529
SVB Financial Group (Financial) (b)		13	673
TD Ameritrade Holding Corp.
(Financial) (b)		9	172
Tenet Healthcare Corp.
(Consumer, Non-cyclical) (b)		87	305
Terex Corp. (Industrial) (b)		16	1,188
Thomas & Betts Corp. (Industrial) (b)		9	504
Toyama Chemical Co Ltd.
(Consumer, Non-cyclical) (b)		16	99
Unisys Corp. (Technology) (b)		64	389
United Stationers, Inc.
(Consumer, Cyclical) (b)		11	637
URS Corp. (Industrial) (b)		23	1,422
USEC, Inc. (Basic Materials) (b)		29	255
Valassis Communications, Inc.
(Consumer, Non-cyclical) (b)		23	227
Varian Medical Systems, Inc.
(Consumer, Non-cyclical) (b)		20	975
Vestas Wind Systems A/S
(Industrial) (b)		3	268
Washington Group International
(Industrial) (b)		11	1,071
William Demant Holding
(Consumer, Non-cyclical) (b)		1	92
WMS Industries, Inc.
(Consumer, Cyclical) (b)		16	555
YRC Worldwide, Inc. (Industrial) (b)		31	762
Other Common Stocks (c)		66,753	1,470,867
Total Common Stocks
(Cost $1,453,673)			1,551,213

Corporate Bonds (17.05%)

Allstate Corp.,
7.20%, 12/1/2009 (Financial)	USD	10,000	10,446
American General Finance,
5.38%, 10/1/2012 (Financial)	USD	38,000	37,611
Boeing Co., 6.13%, 2/15/2033
(Industrial)	USD	11,000	11,366
Bottling Group LLC, 4.63%,
11/15/2012 (Consumer Goods)	USD	5,000	4,922
Citigroup, Inc.,
6.63%, 1/15/2028 (Financial)	USD	23,000	24,103
Comcast Corp., 6.50%, 11/15/2035
(Communications)	USD	95,000	96,377
Countrywide Financial Corp.,
6.25%, 5/15/2016 (Financial)	USD	75,000	59,693
Credit Suisse (USA), Inc.,
6.13%, 11/15/2011 (Financial)	USD	30,000	31,021
E.I. Du Pont De Nemours,
4.88%, 4/30/2014 (Basic Materials)	USD	95,000	92,352
Eastman Chemical,
7.60%, 2/1/2027 (Basic Materials)	USD	25,000	27,553
Florida Power & Light,
5.95%, 10/1/2033 (Utilities)	USD	75,000	74,916
General Electric Company,
5.00%, 2/1/2013 (Industrial)	USD	30,000	29,762
Goldman Sachs Group, Inc.,
5.95%, 1/15/2027 (Financial)	USD	49,000	45,556
IBM Corp., 8.38%, 11/1/2019
(Technology)	USD	10,000	12,320
Kimberly-Clark Corp., 5.00%,
8/15/2013 (Consumer Goods)	USD	20,000	19,797
Kohls Corporation, 6.00%, 1/15/2033
(Consumer Goods)	USD	46,000	41,587
Lehman Brothers Holdings,
6.63%, 1/18/2012 (Financial)	USD	13,000	13,412
Merrill Lynch & Co.,
6.05%, 5/16/2016 (Financial)	USD	55,000	54,530
Morgan Stanley, 6.75%, 4/15/2011
(Financial)	USD	27,000	28,214
National Rural Utilities,
7.25%, 3/1/2012 (Financial)	USD	72,000	77,175
Norfolk Southern Corp.,
6.20%, 4/15/2009 (Industrial)	USD	36,000	36,524
Procter & Gamble Co., 4.95%,
8/15/2014 (Consumer Goods)	USD	14,000	13,885
Target Corp., 5.88%, 3/1/2012
(Consumer Goods)	USD	10,000	10,300
Union Pacific Corp.,
4.88%, 1/15/2015 (Industrial)	USD	70,000	66,873
US Bank NA, 6.38%, 8/1/2011
(Financial)	USD	13,000	13,548
Verizon Communications, 7.25%,
12/1/2010 (Communications)	USD	101,000	107,751
W.R. Berkley Corporation,
6.15%, 8/15/2019 (Financial)	USD	45,000	44,797
Wachovia Bank NA,
7.80%, 8/18/2010 (Financial)	USD	22,000	23,579
Wells Fargo & Co., 4.63%, 8/9/2010
(Financial)	USD	24,000	23,768
Total Corporate Bonds
(Cost $1,140,081)			1,133,738

U.S. Government Agency Pass-Through Securities (18.70%)

4.41%, 10/1/2035, Pool #836206
(Fannie Mae)	USD	8,063	7,984
4.50%, 1/1/2019, Pool #735057
(Fannie Mae)	USD	2,401	2,329
4.50%, 9/1/2020, Pool #839289
(Fannie Mae)	USD	2,499	2,419
5.00%, 5/1/2018, Pool #703444
(Fannie Mae)	USD	7,131	7,021
5.00%, 1/1/2019, Pool #255077
(Fannie Mae)	USD	20,775	20,524
5.00%, 12/1/2019, Pool #745369
(Fannie Mae)	USD	1,501	1,483
5.00%, 6/1/2020, Pool #839333
(Fannie Mae)	USD	61,574	60,623

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2010 Fund	October 31, 2007

U.S. Government Agency Pass-Through Securities, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
5.00%, 8/1/2033, Pool #713679
(Fannie Mae)	USD	34,672	33,278
5.00%, 5/1/2034, Pool #768230
(Fannie Mae)	USD	4,884	4,687
5.00%, 7/1/2034, Pool #255268
(Fannie Mae)	USD	179,548	172,754
5.50%, 8/1/2017, Pool #826283
(Fannie Mae)	USD	1,377	1,385
5.50%, 3/1/2020, Pool #735405
(Fannie Mae)	USD	21,050	21,086
5.50%, 12/1/2020, Pool #850811
(Fannie Mae)	USD	101,308	101,484
5.50%, 2/1/2033, Pool #652693
(Fannie Mae)	USD	108,180	106,605
5.50%, 1/1/2035, Pool #808374
(Fannie Mae)	USD	25,109	24,743
6.00%, 6/1/2017, Pool #555004
(Fannie Mae)	USD	89,182	90,859
6.00%, 10/1/2032, Pool #667994
(Fannie Mae)	USD	5,529	5,595
6.00%, 9/1/2033, Pool #736937
(Fannie Mae)	USD	2,715	2,735
6.00%, 8/1/2034, Pool #725690
(Fannie Mae)	USD	257,400	259,313
6.00%, 4/1/2035, Pool #735503
(Fannie Mae)	USD	2,143	2,166
7.00%, 4/1/2034, Pool #780703
(Fannie Mae)	USD	3,150	3,282
4.00%, 6/1/2018, Pool #E01401
(Freddie Mac)	USD	4,005	3,799
4.50%, 1/1/2019, Pool #B11878
(Freddie Mac)	USD	6,212	6,024
5.00%, 8/1/2033, Pool #A12886
(Freddie Mac)	USD	3,496	3,364
5.50%, 8/1/2033, Pool #A11851
(Freddie Mac)	USD	6,426	6,344
5.50%, 10/1/2034, Pool #A27526
(Freddie Mac)	USD	5,754	5,680
5.50%, 10/1/2035, Pool #A39170
(Freddie Mac)	USD	93,794	92,441
6.50%, 12/1/2033, Pool #A16523
(Freddie Mac)	USD	68,903	70,899
5.50%, 4/15/2033, Pool #603566
(GNMA)	USD	1,879	1,870
5.50%, 4/15/2034, Pool #626116
(GNMA)	USD	1,256	1,249
6.00%, 2/15/2032, Pool #569704
(GNMA)	USD	117,548	119,304
Total U.S. Government Agency
Pass-Through Securities
(Cost $1,231,439)			1,243,329

U.S. Government Agency Securities (3.47%)

4.50%, 10/15/2008, (Fannie Mae)	USD	20,000	20,062
4.63%, 11/21/2008,
(Federal Home Loan Bank)	USD	90,000	90,140
4.63%, 12/19/2008, (Freddie Mac)	USD	15,000	15,027
4.75%, 1/18/2011, (Freddie Mac)	USD	15,000	15,143
4.75%, 1/19/2016, (Freddie Mac)	USD	70,000	69,557
6.63%, 9/15/2009, (Fannie Mae)	USD	20,000	20,813
Total U.S. Government Agency
Securities (Cost $229,041)			230,742

U.S. Treasury Obligations (11.85%)

4.00%, 4/15/2010,
(U.S. Treasury Notes)	USD	240,000	240,375
4.00%, 6/15/2009,
(U.S. Treasury Notes)	USD	7,000	7,005
4.25%, 8/15/2015,
(U.S. Treasury Notes)	USD	95,000	94,288
4.88%, 2/15/2012,
(U.S. Treasury Notes)	USD	31,000	31,974
5.00%, 2/15/2011,
(U.S. Treasury Notes)	USD	18,000	18,585
5.25%, 11/15/2028,
(U.S. Treasury Bonds)	USD	133,000	141,084
5.63%, 5/15/2008,
(U.S. Treasury Notes)	USD	196,000	197,516
6.00%, 2/15/2026,
(U.S. Treasury Bonds)	USD	50,000	57,250
Total U.S. Treasury Obligations
(Cost $774,284)			788,077

Foreign Government Agency Securities (18.01%)

Belgian Government Bond,
5.50%, 9/28/2017	EUR	34,000	53,629
Bonos Y Obligación Del Estado
(Spanish Government Bond),
5.50%, 7/30/2017	EUR	38,000	59,934
Bundesobligation
(German Government Bond),
4.00%, 4/13/2012	EUR	114,000	164,116
Buoni Poliennali Del Tesoro
(Italian Government Bond),
5.25%, 8/01/2017	EUR	99,000	152,093
France O.A.T
(French Government Bond),
3.75%, 4/25/2017	EUR	94,000	130,092
Japan Government Bond,
1.50%, 6/20/2012	JPY	55,500,000	490,445
Netherlands Government Bond,
4.00%, 7/15/2016	EUR	38,000	53,859
United Kingdom Treasury Bond,
4.00%, 9/07/2016	GBP	48,000	93,248
Total Foreign Government
Agency Securities (Cost $1,134,189)			1,197,416

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2010 Fund	October 31, 2007

Investment Companies (6.47%)
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
American Beacon Money
Market Fund	133,759		133,759
BLDRS Emerging Markets 50
ADR Equity Fund	687		41,199
Dreyfus Cash Management Plus	86,312		86,312
IShares MSCI Emerging
Markets Equity Fund	777		129,767
Vanguard Emerging Markets
Equity Fund	333		38,901
Total Investment Companies
(Cost $383,058)			429,938

Total Investments
(Cost $6,345,765) (a) — 98.87%			6,574,453
Other assets in excess of
liabilities — 1.13%			74,991

NET ASSETS — 100.00%		$	6,649,444

(a)		See notes to financial statements for tax unrealized appreciation (depreciation) of securities.
(b)		Non-income producing.
(c)		A complete listing of all common stocks held by the Fund is available upon request. “Other Common Stocks” does not include any securities determined to be either “restricted” under Rule 144A and/or non-income producing.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments
NestEgg Dow Jones 2015 Fund	October 31, 2007

Common Stocks (38.05%)
	Shares or
	Principal
Security Description	(Currency Noted)	Value ($)
AAR Corp. (Industrial) (b)	47	1,506
Adobe Systems, Inc.
(Technology) (b)	79	3,784
Advanced Micro Devices, Inc.
(Technology) (b)	279	3,649
The AES Corp. (Utilities) (b)	89	1,905
AK Steel Holding Corp.
(Basic Materials) (b)	143	7,169
Alaska Air Group, Inc.
(Consumer, Cyclical) (b)	79	2,007
Alleghany Corp. (Financial) (b)	3	1,179
American Tower Corp.
(Communications) (b)	56	2,474
AMR Corp. (Consumer, Cyclical) (b)	163	3,912
Anixter International, Inc.
(Communications) (b)	41	2,946
Apple, Inc. (Technology) (b)	124	23,554
Aquila, Inc. (Utilities) (b)	798	3,336
Arcandor AG (Consumer,
Cyclical) (b)	13	417
Arrow Electronics, Inc.
(Industrial) (b)	62	2,479
Atos Origin SA (Technology) (b)	7	426
Autodesk, Inc. (Technology) (b)	123	6,015
Avis Budget Group, Inc.
(Consumer, Non-cyclical) (b)	218	4,550
Avnet, Inc. (Industrial) (b)	75	3,129
Big Lots, Inc. (Consumer,
Cyclical) (b)	53	1,271
Blockbuster, Inc. (Consumer,
Cyclical) (b)	233	1,226
Bombardier, Inc. (Industrial) (b)	79	468
British Airways PLC.
(Consumer, Cyclical) (b)	48	444
Business Objects SA
(Technology) (b)	8	481
Cablevision Systems Corp.
(Communications) (b)	119	3,490
CGG-Veritas (Energy) (b)	2	655
Charming Shoppes, Inc.
(Consumer, Cyclical) (b)	277	2,055
Charter Plc. (Industrial) (b)	16	361
Checkpoint Systems, Inc.
(Industrial) (b)	72	2,178
China Everbright Ltd. (Financial) (b)	164	726
China Grand Forestry Resources
(Industrial) (b)	945	330
China Insurance International
(Financial) (b)	157	505
Cincinnati Bell, Inc.
(Communications) (b)	448	2,428
Comcast Corp.
(Communications) (b)	421	8,836
Computer Sciences Corp.
(Technology) (b)	115	6,715
Corrections Corporation of America
(Consumer, Non-cyclical) (b)	158	4,470
The DIRECTV Group, Inc.
(Communications) (b)	113	2,992
Domtar Corp. (Basic Materials) (b)	373	3,200
Dynegy, Inc. (Utilities) (b)	253	2,330
EchoStar Communications Corp.
(Communications) (b)	109	5,337
EMC Corp. (Technology) (b)	317	8,049
ESCO Technologies, Inc.
(Industrial) (b)	33	1,366
Esterline Technologies Corp.
(Industrial) (b)	32	1,753
FirstFed Financial Corp.
(Financial) (b)	27	1,155
Ford Motor Co. (Consumer,
Cyclical) (b)	314	2,785
Foster Wheeler Ltd. (Industrial) (b)	37	5,485
Galaxy Entertainment Group Ltd.
(Consumer, Cyclical) (b)	380	413
Gaylord Entertainment Co.
(Consumer, Cyclical) (b)	53	2,887
General Cable Corp. (Industrial) (b)	68	4,895
Genting International PLC.
(Financial) (b)	657	313
Hitachi Zosen Corp. (Industrial) (b)	200	331
Humana, Inc. (Consumer,
Non-cyclical) (b)	88	6,596
Immoeast AG (Financial) (b)	29	353
Impregilo SpA (Industrial) (b)	48	385
Infineon Technologies AG
(Technology) (b)	41	602
Interpublic Group of Companies,
Inc. (Communications) (b)	300	3,105
Investment Technology Group, Inc.
(Financial) (b)	58	2,430
ITT Educational Services, Inc.
(Consumer, Non-cyclical) (b)	53	6,741
Jacobs Engineering Group, Inc.
(Industrial) (b)	62	5,403
Jyske Bank A/S (Financial) (b)	5	412
Kirby Corp. (Industrial) (b)	28	1,279
Kulicke & Soffa Industries, Inc.
(Technology) (b)	102	772
LaBranche & Co, Inc. (Financial) (b)	133	729
Lear Corp. (Consumer, Cyclical) (b)	138	4,903
Lihir Gold Ltd. (Basic Materials) (b)	215	827
Logitech International SA
(Technology) (b)	14	487
McDermott International, Inc.
(Industrial) (b)	118	7,205
Meritage Homes Corp.
(Consumer, Cyclical) (b)	53	853
MGM Mirage (Consumer, Cyclical) (b)	11	1,008
Microsemi Corp. (Technology) (b)	88	2,342
Millipore Corp. (Consumer,
Non-cyclical) (b)	28	2,174
Mitsubishi Motors Corp.
(Consumer, Cyclical) (b)	458	893
Moog, Inc. (Industrial) (b)	50	2,308
Newport Corp. (Industrial) (b)	59	807
Orbotech Ltd. (Industrial) (b)	64	1,325
Parker Drilling Co. (Energy) (b)	220	1,857
Pier 1 Imports, Inc.
(Consumer, Cyclical) (b)	187	952
Pinnacle Entertainment, Inc.
(Consumer, Cyclical) (b)	77	2,248
Pre-Paid Legal Services, Inc.
(Consumer, Non-cyclical) (b)	11	656
Psychiatric Solutions, Inc.
(Consumer, Non-cyclical) (b)	70	2,772
Qwest Communications International
(Communications) (b)	209	1,501

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2015 Fund	October 31, 2007

Common Stocks, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
Ralcorp Holdings, Inc.
(Consumer, Non-cyclical) (b)		35	1,971
RH Donnelley Corp.
(Communications) (b)		37	2,029
Rite Aid Corp. (Consumer,
Cyclical) (b)		332	1,298
RTI International Metals, Inc.
(Basic Materials) (b)		30	2,345
SGL Carbon AG (Basic Materials) (b)		7	411
Six Flags, Inc. (Consumer,
Cyclical) (b)		175	567
Skyworks Solutions, Inc.
(Technology) (b)		295	2,720
Southwestern Energy Co.
(Energy) (b)		90	4,656
St. Jude Medical, Inc.
(Consumer, Non-cyclical) (b)		46	1,874
SVB Financial Group (Financial) (b)		44	2,279
TD Ameritrade Holding Corp.
(Financial) (b)		33	632
Tenet Healthcare Corp.
(Consumer, Non-cyclical) (b)		307	1,078
Terex Corp. (Industrial) (b)		54	4,008
Thomas & Betts Corp.
(Industrial) (b)		31	1,736
Topdanmark A/S (Financial) (b)		2	341
Toyama Chemical Co Ltd.
(Consumer, Non-cyclical) (b)		56	347
Unisys Corp. (Technology) (b)		221	1,344
United Stationers, Inc.
(Consumer, Cyclical) (b)		36	2,085
URS Corp. (Industrial) (b)		68	4,203
USEC, Inc. (Basic Materials) (b)		111	977
Valassis Communications, Inc.
(Consumer, Non-cyclical) (b)		91	896
Varian Medical Systems, Inc.
(Consumer, Non-cyclical) (b)		67	3,268
Vestas Wind Systems A/S
(Industrial) (b)		10	892
Washington Group International
(Industrial) (b)		37	3,602
William Demant Holding
(Consumer, Non-cyclical) (b)		4	367
WMS Industries, Inc.
(Consumer, Cyclical) (b)		55	1,907
YRC Worldwide, Inc. (Industrial) (b)		124	3,048
Other Common Stocks (c)		228,283	5,098,002
Total Common Stocks
(Cost $4,904,646)			5,367,175

Corporate Bonds (13.27%)

Allstate Corp., 7.20%, 12/1/2009
(Financial)	USD	30,000	31,337
American General Finance,
5.38%, 10/1/2012 (Financial)	USD	107,000	105,905
Anheuser-Busch Companies, Inc.,
5.05%, 10/15/2016
(Consumer Goods)	USD	2,000	1,941
Boeing Co., 6.13%, 2/15/2033
(Industrial)	USD	30,000	30,998
Bottling Group LLC,
4.63%, 11/15/2012
(Consumer Goods)	USD	29,000	28,545
Burlington Northern
Santa Fe Railway Co.,
7.00%, 12/15/2025 (Industrial)	USD	2,000	2,161
Citigroup, Inc., 6.63%, 1/15/2028
(Financial)	USD	9,000	9,432
Coca-Cola Enterprises.,
8.50%, 2/1/2022
(Consumer Goods)	USD	2,000	2,521
Comcast Corp., 6.50%, 11/15/2035
(Communications)	USD	72,000	73,044
ConAgra Foods, Inc.,
6.75%, 9/15/2011
(Consumer Goods)	USD	2,000	2,100
ConocoPhillips Canada,
5.63%, 10/15/2016 (Financial)	USD	23,000	23,411
Countrywide Financial Corp.,
6.25%, 5/15/2016 (Financial)	USD	50,000	39,795
Credit Suisse USA, Inc.,
6.13%, 11/15/2011 (Financial)	USD	207,000	214,042
Dominion Resources, Inc.,
4.13%, 2/15/2008 (Utilities)	USD	38,000	37,870
Duke Energy Carolinas,
6.25%, 1/15/2012 (Utilities)	USD	30,000	31,168
E.I. Du Pont De Nemours,
4.88%, 4/30/2014
(Basic Materials)	USD	53,000	51,523
Eastman Chemical, 7.60%,
2/1/2027 (Basic Materials)	USD	120,000	132,255
Exelon Corporation,
4.90%, 6/15/2015 (Utilities)	USD	2,000	1,876
Florida Power & Light,
5.95%, 10/1/2033 (Utilities)	USD	40,000	39,955
Goldman Sachs Group, Inc.,
5.95%, 1/15/2027 (Financial)	USD	101,000	93,902
IBM Corp., 8.38%, 11/1/2019
(Technology)	USD	30,000	36,961
JPMorgan Chase Capital XVIII,
6.95%, 8/17/2036 (Financial)	USD	30,000	29,599
Kimberly-Clark Corp., 5.00%,
8/15/2013 (Consumer Goods)	USD	48,000	47,514
Kinder Morgan Energy Partners LP,
7.75%, 3/15/2032 (Energy)	USD	2,000	2,232
Lehman Brothers Holdings, 6.63%,
1/18/2012 (Financial)	USD	38,000	39,203
Macys Retail Holdings, Inc., 5.75%,
7/15/2014 (Consumer Goods)	USD	2,000	1,935
Merrill Lynch & Co., 6.05%,
5/16/2016 (Financial)	USD	60,000	59,487
Morgan Stanley, 6.75%, 4/15/2011
(Financial)	USD	76,000	79,417
National Rural Utilities,
7.25%, 3/1/2012 (Financial)	USD	56,000	60,025
Norfolk Southern Corp.,
6.20%, 4/15/2009 (Industrial)	USD	12,000	12,175
Procter & Gamble Co.,
4.95%, 8/15/2014
(Consumer Goods)	USD	38,000	37,688
Prudential Financial, Inc.,
5.10%, 9/20/2014 (Financial)	USD	46,000	44,426
Southern Power Co.,
4.88%, 7/15/2015 (Utilities)	USD	2,000	1,902
Sprint Capital Corp., 8.38%,
3/15/2012 (Communications)	USD	61,000	66,621
Target Corp., 5.88%, 3/1/2012
(Consumer Goods)	USD	30,000	30,901
Union Pacific Corp.,
4.88%, 1/15/2015 (Industrial)	USD	41,000	39,168

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2015 Fund	October 31, 2007

Corporate Bonds, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
US Bank NA, 6.38%, 8/1/2011
(Financial)	USD	38,000	39,600
Verizon Communications,
7.25%, 12/1/2010
(Communications)	USD	116,000	123,753
Wachovia Bank NA,
7.80%, 8/18/2010 (Financial)	USD	61,000	65,378
Wal-Mart Stores, 4.55%, 5/1/2013
(Consumer, Cyclical)	USD	61,000	59,567
Weyerhaeuser Co., 6.95%, 8/1/2017
(Basic Materials)	USD	2,000	2,073
Wyeth, 5.50%, 2/1/2014
(Health Care)	USD	38,000	38,105
Total Corporate Bonds
(Cost $1,873,893)			1,871,511

U.S. Government Agency Pass-Through Securities (14.73%)

4.41%, 10/1/2035, Pool #836206
(Fannie Mae)	USD	57,091	56,529
4.50%, 1/1/2019, Pool #735057
(Fannie Mae)	USD	25,215	24,460
4.50%, 9/1/2020, Pool #839289
(Fannie Mae)	USD	26,247	25,398
5.00%, 5/1/2018, Pool #703444
(Fannie Mae)	USD	12,585	12,390
5.00%, 1/1/2019, Pool #255077
(Fannie Mae)	USD	50,089	49,482
5.00%, 12/1/2019, Pool #745369
(Fannie Mae)	USD	15,757	15,566
5.00%, 6/1/2020, Pool #839333
(Fannie Mae)	USD	22,256	21,912
5.00%, 12/1/2026, Pool #256570
(Fannie Mae)	USD	61,865	60,013
5.00%, 5/1/2034, Pool #768230
(Fannie Mae)	USD	42,483	40,776
5.00%, 7/1/2034, Pool #255268
(Fannie Mae)	USD	387,259	372,607
5.50%, 8/1/2017, Pool #826283
(Fannie Mae)	USD	14,457	14,546
5.50%, 3/1/2020, Pool #735405
(Fannie Mae)	USD	38,117	38,183
5.50%, 12/1/2020, Pool #850811
(Fannie Mae)	USD	101,308	101,484
5.50%, 6/1/2033, Pool #702459
(Fannie Mae)	USD	60,619	59,736
5.50%, 9/1/2033, Pool #254869
(Fannie Mae)	USD	45,690	45,153
5.50%, 4/1/2034, Pool #725424
(Fannie Mae)	USD	27,699	27,296
5.50%, 1/1/2035, Pool #808374
(Fannie Mae)	USD	187,724	184,990
6.00%, 6/1/2017, Pool #555004
(Fannie Mae)	USD	10,606	10,805
6.00%, 10/1/2032, Pool #667994
(Fannie Mae)	USD	58,052	58,745
6.00%, 9/1/2033, Pool #736937
(Fannie Mae)	USD	23,622	23,797
6.00%, 4/1/2035, Pool #735503
(Fannie Mae)	USD	22,496	22,745
6.50%, 9/1/2034, Pool #783390
(Fannie Mae)	USD	47,316	48,431
6.50%, 4/1/2036, Pool #851187
(Fannie Mae)	USD	44,711	45,765
7.00%, 4/1/2034, Pool #780703
(Fannie Mae)	USD	33,078	34,458
4.00%, 6/1/2018, Pool #E01401
(Freddie Mac)	USD	42,056	39,893
4.50%, 1/1/2019, Pool #B11878
(Freddie Mac)	USD	65,233	63,259
5.50%, 8/1/2033, Pool #A11851
(Freddie Mac)	USD	55,906	55,197
5.50%, 10/1/2034, Pool #A27526
(Freddie Mac)	USD	50,058	49,413
5.50%, 10/1/2035, Pool #A39170
(Freddie Mac)	USD	139,274	137,265
5.50%, 11/1/2035, Pool #A47728
(Freddie Mac)	USD	51,428	50,686
6.00%, 7/1/2034, Pool #A24370
(Freddie Mac)	USD	43,659	44,037
6.50%, 12/1/2033, Pool #A16523
(Freddie Mac)	USD	20,352	20,942
5.50%, 4/15/2033, Pool #603566
(GNMA)	USD	19,735	19,639
5.50%, 4/15/2034, Pool #626116
(GNMA)	USD	13,187	13,117
6.00%, 2/15/2032, Pool #569704
(GNMA)	USD	163,542	165,986
6.00%, 9/20/2034, Pool #2 3611
(GNMA)	USD	22,948	23,206
Total U.S. Government Agency
Pass-Through Securities
(Cost $2,061,149)			2,077,907

U.S. Government Agency Securities (2.41%)

4.50%, 10/15/2008, (Fannie Mae)	USD	75,000	75,232
6.63%, 9/15/2009, (Fannie Mae)	USD	75,000	78,048
4.63%, 11/21/2008,
(Federal Home Loan Bank)	USD	30,000	30,047
4.63%, 12/19/2008, (Freddie Mac)	USD	55,000	55,099
4.75%, 1/18/2011, (Freddie Mac)	USD	55,000	55,523
6.25%, 7/15/2032, (Freddie Mac)	USD	40,000	45,679
Total U.S. Government Agency
Securities (Cost $335,729)			339,628

U.S. Treasury Obligations (9.38%)

4.00%, 6/15/2009,
(U.S. Treasury Note)	USD	230,000	230,162
4.00%, 4/15/2010,
(U.S. Treasury Note)	USD	236,000	236,369
4.00%, 2/15/2015,
(U.S. Treasury Note)	USD	93,000	91,067
4.25%, 8/15/2015,
(U.S. Treasury Note)	USD	16,000	15,880
4.88%, 2/15/2012,
(U.S. Treasury Note)	USD	65,000	67,041
5.25%, 11/15/2028,
(U.S. Treasury Bond)	USD	334,000	354,301
5.63%, 5/15/2008,
(U.S. Treasury Note)	USD	326,000	328,521
Total U.S. Treasury Obligations
(Cost $1,306,686)			1,323,341

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2015 Fund	October 31, 2007

Foreign Government Agency Securities (13.70%)
	Shares or
	Principal
Security Description	(Currency Noted)			Value ($)
Belgian Government Bond,
5.50%, 9/28/2017	EUR	56,000		88,330
Bonos Y Obligación Del Estado
(Spanish Government Bond),
5.50%, 7/30/2017	EUR	62,000		97,787
Bundesobligation (German
Government Bond),
4.00%, 4/13/2012	EUR	183,000		263,449
Buoni Poliennali Del Tesoro
(Italian Government Bond),
5.25%, 8/01/2017	EUR	158,000		242,733
France O.A.T
(French Government Bond),
3.75%, 4/25/2017	EUR	151,000		208,977
Japan Government Bond,
1.50%, 6/20/2012	JPY	89,100,000		787,364
Netherlands Government Bond,
4.00%, 7/15/2016	EUR	62,000		87,875
United Kingdom Treasury Bond,
4.00%, 9/07/2016	GBP	80,000		155,413
Total Foreign Government
Agency Securities
(Cost $1,829,970)				1,931,928

Investment Companies (7.69%)

American Beacon Money
Market Fund		264,575		264,575
BLDRS Emerging Markets
50 ADR Equity Fund		2,455		147,226
Dreyfus Cash Management Plus		103,949		103,949
IShares MSCI Emerging Markets
Equity Fund		2,578		430,552
Vanguard Emerging Markets
Equity Fund		1,190		139,016
Total Investment Companies
(Cost $924,878)				1,085,318

Total Investments
(Cost $13,236,951) (a) — 99.23%				13,996,808
Other assets in excess of
liabilities — 0.77%				108,897

NET ASSETS — 100.00%			$	14,105,705

(a)		See notes to financial statements for tax unrealized appreciation (depreciation) of securities
(b)		Non-income producing security.
(c)		A complete listing of all common stocks held by the Fund is available upon request. “Other Common Stocks” does not include any securities determined to be either “restricted” under Rule 144A and/or non-income producing.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments
NestEgg Dow Jones 2020 Fund	October 31, 2007

Common Stocks (49.54%)
	Shares or
	Principal
Security Description	(Currency Noted)	Value ($)
AAR Corp. (Industrial) (b)	150	4,808
Adobe Systems, Inc.
(Technology) (b)	251	12,023
Advanced Micro Devices, Inc.
(Technology) (b)	947	12,387
The AES Corp. (Utilities) (b)	281	6,016
AK Steel Holding Corp.
(Basic Materials) (b)	489	24,514
Alaska Air Group, Inc.
(Consumer, Cyclical) (b)	301	7,645
Alleghany Corp. (Financial) (b)	10	3,930
American Tower Corp.
(Communications) (b)	180	7,952
Amgen, Inc.
(Consumer, Non-cyclical) (b)	44	2,557
AMR Corp. (Consumer, Cyclical) (b)	525	12,600
Anixter International, Inc.
(Communications) (b)	133	9,556
Apple, Inc. (Technology) (b)	414	78,639
Aquila, Inc. (Utilities) (b)	2,646	11,060
Arcandor AG
(Consumer, Cyclical) (b)	40	1,283
Arrow Electronics, Inc.
(Industrial) (b)	215	8,596
Atos Origin SA (Technology) (b)	21	1,277
Autodesk, Inc. (Technology) (b)	393	19,218
Avis Budget Group, Inc.
(Consumer, Non-cyclical) (b)	701	14,630
Avnet, Inc. (Industrial) (b)	260	10,847
Big Lots, Inc. (Consumer,
Cyclical) (b)	228	5,467
Blockbuster, Inc.
(Consumer, Cyclical) (b)	938	4,934
Bombardier, Inc. (Industrial) (b)	253	1,500
British Airways PLC.
(Consumer, Cyclical) (b)	154	1,426
Business Objects SA
(Technology) (b)	27	1,622
Cablevision Systems Corp.
(Communications) (b)	378	11,087
CGG-Veritas (Energy) (b)	5	1,638
Charming Shoppes, Inc.
(Consumer, Cyclical) (b)	890	6,604
Charter Plc. (Industrial) (b)	53	1,195
Checkpoint Systems, Inc.
(Industrial) (b)	247	7,472
China Everbright Ltd. (Financial) (b)	528	2,337
China Grand Forestry Resources
(Industrial) (b)	3,038	1,062
China Insurance International
(Financial) (b)	504	1,622
Cincinnati Bell, Inc.
(Communications) (b)	1,446	7,837
Comcast Corp.
(Communications) (b)	1,451	30,453
Computer Sciences Corp.
(Technology) (b)	395	23,064
Corrections Corporation of
America (Consumer,
Non-cyclical) (b)	504	14,258
The DIRECTV Group, Inc.
(Communications) (b)	365	9,665
Domtar Corp. (Basic Materials) (b)	1,196	10,262
Dynegy, Inc. (Utilities) (b)	811	7,469
EchoStar Communications Corp.
(Communications) (b)	349	17,087
EMC Corp. (Technology) (b)	1,038	26,355
ESCO Technologies, Inc.
(Industrial) (b)	105	4,346
Esterline Technologies Corp.
(Industrial) (b)	101	5,533
FirstFed Financial Corp.
(Financial) (b)	97	4,150
Ford Motor Co.
(Consumer, Cyclical) (b)	1,012	8,976
Foster Wheeler Ltd. (Industrial) (b)	119	17,642
Galaxy Entertainment Group Ltd.
(Consumer, Cyclical) (b)	1,221	1,327
Gaylord Entertainment Co.
(Consumer, Cyclical) (b)	169	9,207
General Cable Corp. (Industrial) (b)	216	15,550
Genting International PLC.
(Financial) (b)	2,111	1,007
Hitachi Zosen Corp. (Industrial) (b)	642	1,063
Humana, Inc.
(Consumer, Non-cyclical) (b)	282	21,136
Immoeast AG (Financial) (b)	95	1,156
Infineon Technologies AG
(Technology) (b)	132	1,937
Interpublic Group of Companies,
Inc. (Communications) (b)	956	9,895
Investment Technology Group, Inc.
(Financial) (b)	184	7,710
ITT Educational Services, Inc.
(Consumer, Non-cyclical) (b)	181	23,021
Jacobs Engineering Group, Inc.
(Industrial) (b)	199	17,343
Jyske Bank A/S (Financial) (b)	16	1,318
Kirby Corp. (Industrial) (b)	88	4,020
Kulicke & Soffa Industries, Inc.
(Technology) (b)	331	2,506
LaBranche & Co, Inc. (Financial) (b)	452	2,477
Lear Corp. (Consumer, Cyclical) (b)	445	15,811
Lihir Gold Ltd. (Basic Materials) (b)	693	2,666
Logitech International SA
(Technology) (b)	46	1,599
McDermott International, Inc.
(Industrial) (b)	376	22,959
Meritage Homes Corp. (Consumer,
Cyclical) (b)	204	3,282
MGM Mirage (Consumer,
Cyclical) (b)	51	4,672
Microsemi Corp. (Technology) (b)	278	7,398
Millipore Corp.
(Consumer, Non-cyclical) (b)	91	7,066
Mitsubishi Motors Corp.
(Consumer, Cyclical) (b)	1,474	2,875
Moog, Inc. (Industrial) (b)	157	7,246
Newmont Mining Corp.
(Basic Materials) (b)	181	9,206
Orbotech Ltd. (Industrial) (b)	268	5,548
Parker Drilling Co. (Energy) (b)	881	7,436
Pier 1 Imports, Inc.
(Consumer, Cyclical) (b)	637	3,242
Pinnacle Entertainment, Inc.
(Consumer, Cyclical) (b)	249	7,271
Pre-Paid Legal Services, Inc.
(Consumer, Non-cyclical) (b)	56	3,338

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2020 Fund	October 31, 2007

Common Stocks, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
Psychiatric Solutions, Inc.
(Consumer, Non-cyclical) (b)		226	8,950
Qwest Communications
International (Communications) (b)		874	6,275
Ralcorp Holdings, Inc.
(Consumer, Non-cyclical) (b)		110	6,193
RH Donnelley Corp.
(Communications) (b)		118	6,472
Rite Aid Corp.
(Consumer, Cyclical) (b)		1,115	4,360
RTI International Metals, Inc.
(Basic Materials) (b)		96	7,505
SGL Carbon AG (Basic Materials) (b)		24	1,409
Six Flags, Inc. (Consumer,
Cyclical) (b)		595	1,928
Skyworks Solutions, Inc.
(Technology) (b)		1,096	10,105
Southwestern Energy Co.
(Energy) (b)		289	14,950
St. Jude Medical, Inc. (Consumer,
Non-cyclical) (b)		145	5,906
SVB Financial Group (Financial) (b)		142	7,354
TD Ameritrade Holding Corp.
(Financial) (b)		156	2,986
Tenet Healthcare Corp.
(Consumer, Non-cyclical) (b)		973	3,415
Terex Corp. (Industrial) (b)		174	12,914
Thomas & Betts Corp.
(Industrial) (b)		99	5,545
Topdanmark A/S (Financial) (b)		7	1,194
Unisys Corp. (Technology) (b)		726	4,414
United Stationers, Inc.
(Consumer, Cyclical) (b)		115	6,660
URS Corp. (Industrial) (b)		235	14,525
USEC, Inc. (Basic Materials) (b)		353	3,106
Valassis Communications, Inc.
(Consumer, Non-cyclical) (b)		418	4,117
Varian Medical Systems, Inc.
(Consumer, Non-cyclical) (b)		215	10,486
Vestas Wind Systems A/S
(Industrial) (b)		33	2,944
Washington Group International
(Industrial) (b)		119	11,585
William Demant Holding
(Consumer, Non-cyclical) (b)		12	1,100
WMS Industries, Inc.
(Consumer, Cyclical) (b)		179	6,206
YRC Worldwide, Inc. (Industrial) (b)		398	9,783
Other Common Stocks (c)		726,928	16,590,689
Total Common Stocks
(Cost $15,931,512)			17,489,965

Corporate Bonds (9.65%)

Allstate Corp., 7.20%, 12/1/2009
(Financial)	USD	44,000	45,960
Anheuser-Busch Companies, Inc.,
5.05%, 10/15/2016
(Consumer Goods)	USD	82,000	79,587
American General Finance,
5.38%, 10/1/2012 (Financial)	USD	151,000	149,455
Boeing Co., 6.13%, 2/15/2033
(Industrial)	USD	43,000	44,431
Bottling Group LLC,
4.63%, 11/15/2012
(Consumer Goods)	USD	58,000	57,090
Burlington Northern Santa Fe
Railway Company,
7.00%, 12/15/2025 (Industrial)	USD	82,000	88,604
Citigroup, Inc., 6.63%, 1/15/2028
(Financial)	USD	33,000	34,583
Coca-Cola Enterprises,
8.50%, 2/1/2022
(Consumer Goods)	USD	82,000	103,340
Comerica Bank.,
5.20%, 8/22/2017 (Financial)	USD	160,000	150,951
ConAgra Foods, Inc.,
6.75%, 9/15/2011
(Consumer Goods)	USD	82,000	86,096
ConocoPhillips Canada.,
5.63%, 10/15/2016 (Financial)	USD	156,000	158,791
Countrywide Financial Corp,
6.25%, 5/15/2016 (Financial)	USD	146,000	116,203
Duke Energy Carolinas,
6.25%, 1/15/2012 (Utilities)	USD	44,000	45,714
E.I. Du Pont De Nemours,
4.88%, 4/30/2014
(Basic Materials)	USD	165,000	160,402
Exelon Corporation,
4.90%, 6/15/2015 (Utilities)	USD	82,000	76,934
Florida Power & Light.,
5.95%, 10/1/2033 (Utilities)	USD	150,000	149,833
IBM Corp., 8.38%, 11/1/2019
(Technology)	USD	44,000	54,209
John Hancock Global Funding Ltd.,
7.90%, 7/2/2010 (Financial) †	USD	83,000	89,012
JPMorgan Chase Capital XVIII,
6.95%, 8/17/2036 (Financial)	USD	115,000	113,462
Kimberly-Clark Corp.,
5.00%, 8/15/2013
(Consumer Goods)	USD	55,000	54,443
Kinder Morgan Energy Partners LP,
7.75%, 3/15/2032 (Energy)	USD	82,000	91,515
Kohls Corporation,
6.00%, 1/15/2033
(Consumer Goods)	USD	78,000	70,516
Lehman Brothers Holdings,
6.63%, 1/18/2012 (Financial)	USD	55,000	56,742
Macys Retail Holdings, Inc.,
5.75%, 7/15/2014
(Consumer Goods)	USD	82,000	79,340
Merrill Lynch & Co.,
6.05%, 5/16/2016 (Financial)	USD	45,000	44,615
Morgan Stanley, 6.75%, 4/15/2011
(Financial)	USD	109,000	113,901
Norfolk Southern Corp.,
6.20%, 4/15/2009 (Industrial)	USD	192,000	194,796
Procter & Gamble Co.,
4.95%, 8/15/2014
(Consumer Goods)	USD	53,000	52,565
Prudential Financial, Inc.,
5.10%, 9/20/2014 (Financial)	USD	165,000	159,353
Southern Power Co.,
4.88%, 7/15/2015 (Utilities)	USD	82,000	77,978
Sprint Capital Corp.,
8.38%, 3/15/2012
(Communications)	USD	86,000	93,925
Target Corp., 5.88%, 3/1/2012
(Consumer Goods)	USD	44,000	45,321

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2020 Fund	October 31, 2007

Corporate Bonds, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
US Bank NA., 6.38%, 8/1/2011
(Financial)	USD	55,000	57,316
W.R. Berkley Corporation,
6.15%, 8/15/2019 (Financial)	USD	55,000	54,752
Wachovia Bank NA.,
7.80%, 8/18/2010 (Financial)	USD	87,000	93,244
Wal-Mart Stores, 4.55%, 5/1/2013
(Consumer Goods)	USD	87,000	84,956
Wells Fargo & Co., 4.63%, 8/9/2010
(Financial)	USD	37,000	36,643
Weyerhaeuser Co., 6.95%, 8/1/2017
(Basic Materials)	USD	82,000	85,009
Wyeth, 5.50%, 2/1/2014
(Health Care)	USD	54,000	54,149
Total Corporate Bonds
(Cost $3,470,459)			3,405,736

U.S. Government Agency Pass-Through Securities (10.04%)

4.41%, 10/1/2035, Pool #836206
(Fannie Mae)	USD	144,923	143,498
4.50%, 1/1/2019, Pool #735057
(Fannie Mae)	USD	73,242	71,049
4.50%, 9/1/2020, Pool #839289
(Fannie Mae)	USD	76,242	73,775
5.00%, 5/1/2018, Pool #703444
(Fannie Mae)	USD	54,533	53,691
5.00%, 1/1/2019, Pool #255077
(Fannie Mae)	USD	241,661	238,731
5.00%, 12/1/2019, Pool #745369
(Fannie Mae)	USD	45,769	45,214
5.00%, 6/1/2020, Pool #839333
(Fannie Mae)	USD	83,088	81,804
5.00%, 12/1/2026, Pool #256570
(Fannie Mae)	USD	82,487	80,017
5.00%, 5/1/2034, Pool #768230
(Fannie Mae)	USD	117,196	112,486
5.00%, 7/1/2034, Pool #255268
(Fannie Mae)	USD	141,526	136,171
5.50%, 8/1/2017, Pool #826283
(Fannie Mae)	USD	41,995	42,253
5.50%, 3/1/2020, Pool #735405
(Fannie Mae)	USD	57,460	57,559
5.50%, 12/1/2020, Pool #850811
(Fannie Mae)	USD	223,680	224,068
5.50%, 6/1/2033, Pool #702459
(Fannie Mae)	USD	148,412	146,250
5.50%, 9/1/2033, Pool #254869
(Fannie Mae)	USD	124,610	123,144
5.50%, 4/1/2034, Pool #725424
(Fannie Mae)	USD	100,724	99,257
5.50%, 1/1/2035, Pool #808374
(Fannie Mae)	USD	155,411	153,148
6.00%, 6/1/2017, Pool #555004
(Fannie Mae)	USD	4,980	5,074
6.00%, 1/1/2018, Pool #677483
(Fannie Mae)	USD	59,162	60,199
6.00%, 10/1/2032, Pool #667994
(Fannie Mae)	USD	168,627	170,638
6.00%, 9/1/2033, Pool #736937
(Fannie Mae)	USD	65,163	65,648
6.00%, 8/1/2034, Pool #725690
(Fannie Mae)	USD	61,286	61,741
6.00%, 4/1/2035, Pool #735503
(Fannie Mae)	USD	65,347	66,068
6.50%, 9/1/2034, Pool #783390
(Fannie Mae)	USD	77,108	78,925
6.50%, 4/1/2036, Pool #851187
(Fannie Mae)	USD	44,711	45,765
7.00%, 4/1/2034, Pool #780703
(Fannie Mae)	USD	96,083	100,093
4.00%, 6/1/2018, Pool #E01401
(Freddie Mac)	USD	122,163	115,881
5.00%, 8/1/2033, Pool #A12886
(Freddie Mac)	USD	143,312	137,930
5.50%, 8/1/2033, Pool #A11851
(Freddie Mac)	USD	154,225	152,270
5.50%, 10/1/2034, Pool #A27526
(Freddie Mac)	USD	138,091	136,312
5.50%, 11/1/2035, Pool #A47728
(Freddie Mac)	USD	152,997	150,790
6.00%, 7/1/2034, Pool #A24370
(Freddie Mac)	USD	121,055	122,104
6.50%, 12/1/2033, Pool #A16523
(Freddie Mac)	USD	30,896	31,791
5.50%, 4/15/2033, Pool #603566
(GNMA)	USD	57,325	57,046
5.50%, 4/15/2034, Pool #626116
(GNMA)	USD	38,306	38,102
6.00%, 9/20/2034, Pool #23611
(GNMA)	USD	63,628	64,343
Total U.S. Government Agency
Pass-Through Securities
(Cost $3,526,095)			3,542,835

U.S. Government Agency Securities (3.49%)

4.50%, 10/15/2008, (Fannie Mae)	USD	170,000	170,525
6.63%, 9/15/2009, (Fannie Mae)	USD	165,000	171,707
4.63%, 11/21/2008, (Federal
Home Loan Bank)	USD	170,000	170,264
4.75%, 1/18/2011, (Freddie Mac)	USD	120,000	121,140
4.75%, 1/19/2016, (Freddie Mac)	USD	480,000	476,965
6.25%, 7/15/2032, (Freddie Mac)	USD	105,000	119,908
Total U.S. Government Agency
Securities (Cost $1,219,158)			1,230,509

U.S. Treasury Obligations (5.28%)

4.00%, 6/15/2009,
(U.S. Treasury Notes)	USD	469,000	469,330
4.00%, 4/15/2010,
(U.S. Treasury Notes)	USD	271,000	271,423
4.00%, 2/15/2015,
(U.S. Treasury Notes)	USD	24,000	23,501
4.25%, 8/15/2015,
(U.S. Treasury Notes)	USD	56,000	55,580
4.88%, 2/15/2012,
(U.S. Treasury Notes)	USD	206,000	212,470
5.00%, 2/15/2011,
(U.S. Treasury Notes)	USD	232,000	239,540
5.25%, 11/15/2028,
(U.S. Treasury Bonds)	USD	404,000	428,556
5.63%, 5/15/2008,
(U.S. Treasury Notes)	USD	110,000	110,851
6.00%, 2/15/2026,
(U.S. Treasury Bonds)	USD	45,000	51,525
Total U.S. Treasury Obligations
(Cost $1,830,413)			1,862,776

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2020 Fund	October 31, 2007

Foreign Government Agency Securities (9.73%)
	Shares or
	Principal
Security Description	(Currency Noted)			Value ($)
Belgian Government Bond,
5.50%, 9/28/2017	EUR	99,000		156,155
Bonos Y Obligación Del Estado
(Spanish Government Bond),
5.50%, 7/30/2017	EUR	110,000		173,492
Bundesobligation (German
Government Bond),
4.00%, 4/13/2012	EUR	325,000		467,874
Buoni Poliennali Del Tesoro (Italian
Government Bond),
5.25%, 8/01/2017	EUR	281,000		431,697
France O.A.T (French Government
Bond), 3.75%, 4/25/2017	EUR	268,000		370,899
Japan Government Bond,
1.50%, 6/20/2012	JPY	159,000,000		1,405,060
Netherlands Government Bond,
4.00%, 7/15/2016	EUR	110,000		155,907
United Kingdom Treasury Bond,
4.00%, 9/07/2016	GBP	141,000		273,916
Total Foreign Government
Agency Securities
(Cost $3,253,750)				3,435,000

Investment Companies (11.57%)

American Beacon Money
Market Fund		1,539,767		1,539,767
BLDRS Emerging Markets 50
ADR Equity Fund		7,895		473,462
Dreyfus Cash Management Plus		201,884		201,884
iShares MSCI Emerging Markets
Equity Fund		8,534		1,425,263
Vanguard Emerging Markets
Equity Fund		3,830		447,421
Total Investment Companies
(Cost $3,563,075)				4,087,797
Total Investments
(Cost $32,794,462) (a) — 99.30%				35,054,618
Other assets in excess of
liabilities — 0.70%				245,661

NET ASSETS — 100.00%			$	35,300,279

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities.
(b)	Non-income producing security.
(c)	A complete listing of all common stocks held by the Fund is available upon request. “Other Common Stocks” does not include any securities determined to be either “restricted” under Rule 144A and/or non-income producing.
†	Represents a restricted security purchase under rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments
NestEgg Dow Jones 2030 Fund	October 31, 2007

Common Stocks (67.30%)
	Shares or
	Principal
Security Description	(Currency Noted)	Value ($)
AAR Corp. (Industrial) (b)	152	4,872
Adobe Systems, Inc.
(Technology) (b)	249	11,927
Advanced Micro Devices, Inc.
(Technology) (b)	849	11,105
The AES Corp. (Utilities) (b)	295	6,316
AK Steel Holding Corp.
(Basic Materials) (b)	427	21,406
Alaska Air Group, Inc.
(Consumer, Cyclical) (b)	220	5,588
Alleghany Corp. (Financial) (b)	8	3,144
American Tower Corp.
(Communications) (b)	180	7,952
Amgen, Inc.
(Consumer, Non-cyclical) (b)	491	28,532
AMR Corp. (Consumer, Cyclical) (b)	459	11,016
Anixter International, Inc.
(Communications) (b)	131	9,412
Apple, Inc. (Technology) (b)	380	72,181
Aquila, Inc. (Utilities) (b)	2,301	9,618
Arcandor AG (Consumer,
Cyclical) (b)	35	1,122
Arrow Electronics, Inc. (Industrial) (b)	195	7,796
Atos Origin SA (Technology) (b)	18	1,094
Autodesk, Inc. (Technology) (b)	384	18,778
Avis Budget Group, Inc.
(Consumer, Non-cyclical) (b)	569	11,875
Avnet, Inc. (Industrial) (b)	236	9,846
Big Lots, Inc. (Consumer,
Cyclical) (b)	216	5,180
Blockbuster, Inc.
(Consumer, Cyclical) (b)	617	3,245
Bombardier, Inc. (Industrial) (b)	222	1,316
British Airways PLC.
(Consumer, Cyclical) (b)	135	1,250
Business Objects SA (Technology) (b)	24	1,442
Cablevision Systems Corp.
(Communications) (b)	332	9,738
CGG-Veritas (Energy) (b)	4	1,310
Charming Shoppes, Inc.
(Consumer, Cyclical) (b)	690	5,120
Charter Plc. (Industrial) (b)	46	1,037
Checkpoint Systems, Inc.
(Industrial) (b)	226	6,837
China Everbright Ltd. (Financial) (b)	462	2,045
China Grand Forestry Resources
(Industrial) (b)	2,661	930
China Insurance International
(Financial) (b)	442	1,423
Cincinnati Bell, Inc.
(Communications) (b)	1,410	7,642
Comcast Corp. (Communications) (b)	1,284	26,945
Computer Sciences Corp.
(Technology) (b)	342	19,969
Corrections Corporation of America
(Consumer, Non-cyclical) (b)	458	12,957
The DIRECTV Group, Inc.
(Communications) (b)	270	7,150
Domtar Corp. (Basic Materials) (b)	1,181	10,133
Dynegy, Inc. (Utilities) (b)	800	7,368
EchoStar Communications Corp.
(Communications) (b)	296	14,492
EMC Corp. (Technology) (b)	903	22,927
ESCO Technologies, Inc.
(Industrial) (b)	105	4,346
Esterline Technologies Corp.
(Industrial) (b)	107	5,861
FirstFed Financial Corp.
(Financial) (b)	92	3,936
Ford Motor Co.
(Consumer, Cyclical) (b)	785	6,963
Foster Wheeler Ltd. (Industrial) (b)	101	14,973
Galaxy Entertainment Group Ltd.
(Consumer, Cyclical) (b)	1,070	1,162
Gaylord Entertainment Co.
(Consumer, Cyclical) (b)	167	9,098
General Cable Corp. (Industrial) (b)	206	14,830
Genting International PLC.
(Financial) (b)	1,849	882
Hitachi Zosen Corp. (Industrial) (b)	562	930
Humana, Inc.
(Consumer, Non-cyclical) (b)	241	18,063
Immoeast AG (Financial) (b)	83	1,010
Infineon Technologies AG
(Technology) (b)	116	1,702
Interpublic Group of Cos, Inc.
(Communications) (b)	956	9,895
Investment Technology Group, Inc.
(Financial) (b)	179	7,500
ITT Educational Services, Inc.
(Consumer, Non-cyclical) (b)	152	19,333
Jacobs Engineering Group, Inc.
(Industrial) (b)	189	16,471
Jyske Bank A/S (Financial) (b)	14	1,154
Kirby Corp. (Industrial) (b)	86	3,928
Kulicke & Soffa Industries, Inc.
(Technology) (b)	325	2,460
LaBranche & Co, Inc. (Financial) (b)	380	2,082
Lear Corp. (Consumer, Cyclical) (b)	382	13,572
Lihir Gold Ltd. (Basic Materials) (b)	607	2,335
Logitech International SA
(Technology) (b)	40	1,390
McDermott International, Inc.
(Industrial) (b)	329	20,089
Meritage Homes Corp.
(Consumer, Cyclical) (b)	182	2,928
MGM Mirage (Consumer, Cyclical) (b)	52	4,764
Microsemi Corp. (Technology) (b)	270	7,185
Millipore Corp.
(Consumer, Non-cyclical) (b)	91	7,066
Mitsubishi Motors Corp.
(Consumer, Cyclical) (b)	1,291	2,518
Moog, Inc. (Industrial) (b)	159	7,338
Newport Corp. (Industrial) (b)	143	1,955
Orbotech Ltd. (Industrial) (b)	191	3,954
Parker Drilling Co. (Energy) (b)	688	5,807
Pier 1 Imports, Inc.
(Consumer, Cyclical) (b)	464	2,362
Pinnacle Entertainment, Inc.
(Consumer, Cyclical) (b)	220	6,424
Pre-Paid Legal Services, Inc.
(Consumer, Non-cyclical) (b)	42	2,503
Psychiatric Solutions, Inc.
(Consumer, Non-cyclical) (b)	218	8,633
Qwest Communications International
(Communications) (b)	662	4,753
Ralcorp Holdings, Inc.
(Consumer, Non-cyclical) (b)	107	6,024

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2030 Fund	October 31, 2007

Common Stocks, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
RH Donnelley Corp.
(Communications) (b)		118	6,472
Rite Aid Corp. (Consumer, Cyclical) (b)		901	3,523
RTI International Metals, Inc.
(Basic Materials) (b)		93	7,271
SGL Carbon AG (Basic Materials) (b)		21	1,233
Six Flags, Inc. (Consumer,
Cyclical) (b)		344	1,115
Skyworks Solutions, Inc.
(Technology) (b)		897	8,270
Southwestern Energy Co.
(Energy) (b)		244	12,622
St. Jude Medical, Inc. (Consumer,
Non-cyclical) (b)		145	5,906
SVB Financial Group (Financial) (b)		139	7,199
TD Ameritrade Holding Corp.
(Financial) (b)		111	2,125
Tenet Healthcare Corp.
(Consumer, Non-cyclical) (b)		934	3,278
Terex Corp. (Industrial) (b)		149	11,059
Thomas & Betts Corp. (Industrial) (b)		101	5,657
Topdanmark A/S (Financial) (b)		6	1,024
Unisys Corp. (Technology) (b)		699	4,250
United Stationers, Inc.
(Consumer, Cyclical) (b)		114	6,602
URS Corp. (Industrial) (b)		214	13,227
USEC, Inc. (Basic Materials) (b)		274	2,411
Valassis Communications, Inc.
(Consumer, Non-cyclical) (b)		271	2,669
Varian Medical Systems, Inc.
(Consumer, Non-cyclical) (b)		180	8,779
Vestas Wind Systems A/S
(Industrial) (b)		29	2,587
Washington Group International
(Industrial) (b)		118	11,487
William Demant Holding
(Consumer, Non-cyclical) (b)		11	1,008
WMS Industries, Inc.
(Consumer, Cyclical) (b)		180	6,241
YRC Worldwide, Inc. (Industrial) (b)		316	7,767
Other Common Stocks (c)		646,447	14,800,880
Total Common Stocks
(Cost $14,235,052)			15,626,877

Corporate Bonds (4.07%)

Allstate Corp., 7.20%, 12/1/2009
(Financial)	USD	12,000	12,535
American General Finance,
5.38%, 10/1/2012 (Financial)	USD	41,000	40,580
Anheuser-Busch Cos, Inc.,
5.05%, 10/15/2016
(Consumer Goods)	USD	12,000	11,647
Burlington Northern Santa Fe
Railway Company,
7.00%, 12/15/2025 (Industrial)	USD	12,000	12,967
Boeing Co., 6.13%, 2/15/2033
(Industrial)	USD	12,000	12,399
Bottling Group LLC.,
4.63%, 11/15/2012
(Consumer Goods)	USD	16,000	15,749
Citigroup, Inc., 6.63%, 1/15/2028
(Financial)	USD	21,000	22,007
Coca-Cola Enterprises,
8.50%, 2/1/2022
(Consumer Goods)	USD	12,000	15,123
Comcast Corp., 6.50%, 11/15/2035
(Communications)	USD	20,000	20,290
ConAgra Foods, Inc.,
6.75%, 9/15/2011
(Consumer Goods)	USD	12,000	12,599
ConocoPhillips Canada,
5.63%, 10/15/2016 (Financial)	USD	32,000	32,572
Countrywide Financial Corp.,
6.25%, 5/15/2016 (Financial)	USD	93,000	74,019
Duke Energy Carolinas,
6.25%, 1/15/2012 (Utilities)	USD	12,000	12,467
E.I. Du Pont De Nemours,
4.88%, 4/30/2014
(Basic Materials)	USD	9,000	8,749
Eastman Chemical, 7.60%,
2/1/2027 (Basic Materials)	USD	15,000	16,532
Exelon Corporation,
4.90%, 6/15/2015 (Utilities)	USD	12,000	11,259
Florida Power & Light,
5.95%, 10/1/2033 (Utilities)	USD	30,000	29,967
General Electric Company,
5.00%, 2/1/2013 (Industrial)	USD	52,000	51,587
IBM Corp., 8.38%, 11/1/2019
(Technology)	USD	12,000	14,784
John Hancock Global Funding Ltd.,
7.90%, 7/2/2010 (Financial) †	USD	12,000	12,869
JPMorgan Chase Capital XVIII,
6.95%, 8/17/2036 (Financial)	USD	10,000	9,866
Kimberly-Clark Corp.,
5.00%, 8/15/2013
(Consumer Goods)	USD	10,000	9,899
Kinder Morgan Energy Partners LP,
7.75%, 3/15/2032 (Energy)	USD	12,000	13,392
Kohls Corporation,
6.00%, 1/15/2033
(Consumer Goods)	USD	28,000	25,314
Lehman Brothers Holdings,
6.63%, 1/18/2012 (Financial)	USD	15,000	15,475
Macys Retail Holdings, Inc.,
5.75%, 7/15/2014
(Consumer Goods)	USD	12,000	11,611
Morgan Stanley, 6.75%, 4/15/2011
(Financial)	USD	29,000	30,304
National Rural Utilities,
7.25%, 3/1/2012 (Financial)	USD	15,000	16,078
Norfolk Southern Corp.,
6.20%, 4/15/2009 (Industrial)	USD	118,000	119,718
Procter & Gamble Co.,
4.95%, 8/15/2014
(Consumer Goods)	USD	15,000	14,877
Prudential Financial, Inc.,
5.10%, 9/20/2014 (Financial)	USD	35,000	33,802
Southern Power Co.,
4.88%, 7/15/2015 (Utilities)	USD	12,000	11,411
Sprint Capital Corp.,
8.38%, 3/15/2012
(Communications)	USD	24,000	26,212
Target Corp., 5.88%, 3/1/2012
(Consumer Goods)	USD	12,000	12,360
US Bank NA., 6.38%, 8/1/2011
(Financial)	USD	15,000	15,632
Verizon Communications,
7.25%, 12/1/2010
(Communications)	USD	35,000	37,339

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2030 Fund	October 31, 2007

Corporate Bonds, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
Wachovia Bank NA.,
7.80%, 8/18/2010 (Financial)	USD	23,000	24,651
Wal-Mart Stores, 4.55%, 5/1/2013
(Consumer Goods)	USD	23,000	22,460
Wells Fargo & Co., 4.63%, 8/9/2010
(Financial)	USD	26,000	25,749
Weyerhaeuser Co., 6.95%, 8/1/2017
(Basic Materials)	USD	12,000	12,440
Wyeth, 5.50%, 2/1/2014 (Health Care)	USD	15,000	15,041
Total Corporate Bonds
(Cost $965,660)			944,332

U.S. Government Agency Pass-Through Securities (4.19%)

4.41%, 10/1/2035, Pool #836206
(Fannie Mae)	USD	30,742	30,439
4.50%, 1/1/2019, Pool #735057
(Fannie Mae)	USD	14,409	13,977
4.50%, 9/1/2020, Pool #839289
(Fannie Mae)	USD	14,998	14,513
5.00%, 5/1/2018, Pool #703444
(Fannie Mae)	USD	24,330	23,954
5.00%, 1/1/2019, Pool #255077
(Fannie Mae)	USD	21,022	20,767
5.00%, 12/1/2019, Pool #745369
(Fannie Mae)	USD	9,004	8,895
5.00%, 6/1/2020, Pool #839333
(Fannie Mae)	USD	28,932	28,485
5.00%, 12/1/2026, Pool #256570
(Fannie Mae)	USD	40,306	39,099
5.00%, 8/1/2033, Pool #713679
(Fannie Mae)	USD	43,214	41,477
5.00%, 5/1/2034, Pool #768230
(Fannie Mae)	USD	23,440	22,498
5.00%, 7/1/2034, Pool #255268
(Fannie Mae)	USD	61,962	59,617
5.50%, 8/1/2017, Pool #826283
(Fannie Mae)	USD	8,261	8,312
5.50%, 3/1/2020, Pool #735405
(Fannie Mae)	USD	31,290	31,344
5.50%, 12/1/2020, Pool #850811
(Fannie Mae)	USD	94,171	94,335
5.50%, 9/1/2033, Pool #254869
(Fannie Mae)	USD	62,305	61,572
5.50%, 4/1/2034, Pool #725424
(Fannie Mae)	USD	27,699	27,296
6.00%, 6/1/2017, Pool #555004
(Fannie Mae)	USD	19,852	20,225
6.00%, 10/1/2032, Pool #667994
(Fannie Mae)	USD	33,172	33,568
6.00%, 9/1/2033, Pool #736937
(Fannie Mae)	USD	13,033	13,129
6.00%, 4/1/2035, Pool #735503
(Fannie Mae)	USD	12,855	12,997
6.50%, 9/1/2034, Pool #783390
(Fannie Mae)	USD	21,614	22,123
6.50%, 4/1/2036, Pool #851187
(Fannie Mae)	USD	62,596	64,070
7.00%, 4/1/2034, Pool #780703
(Fannie Mae)	USD	18,902	19,691
4.00%, 6/1/2018, Pool #E01401
(Freddie Mac)	USD	24,032	22,796
4.50%, 1/1/2019, Pool #B11878
(Freddie Mac)	USD	37,276	36,148
5.00%, 8/1/2033, Pool #A12886
(Freddie Mac)	USD	20,973	20,185
5.50%, 8/1/2033, Pool #A11851
(Freddie Mac)	USD	30,845	30,454
5.50%, 10/1/2034, Pool #A27526
(Freddie Mac)	USD	27,618	27,262
5.50%, 11/1/2035, Pool #A47728
(Freddie Mac)	USD	50,276	49,551
6.00%, 7/1/2034, Pool #A24370
(Freddie Mac)	USD	25,799	26,022
6.50%, 12/1/2033, Pool #A16523
(Freddie Mac)	USD	14,958	15,391
5.50%, 4/15/2033, Pool #603566
(GNMA)	USD	11,277	11,222
5.50%, 4/15/2034, Pool #626116
(GNMA)	USD	7,536	7,495
6.00%, 9/20/2034, Pool #2 3611
(GNMA)	USD	13,561	13,713
Total U.S. Government Agency
Pass-Through Securities
(Cost $968,520)			972,622

U.S. Government Agency Securities (1.84%)

4.50%, 10/15/2008, (Fannie Mae)	USD	35,000	35,108
6.63%, 9/15/2009, (Fannie Mae)	USD	35,000	36,423
4.63%, 11/21/2008,
(Federal Home Loan Bank)	USD	10,000	10,016
4.63%, 12/19/2008, (Freddie Mac)	USD	145,000	145,262
4.75%, 1/18/2011, (Freddie Mac)	USD	25,000	25,238
4.75%, 1/19/2016, (Freddie Mac)	USD	62,000	61,608
6.25%, 7/15/2032, (Freddie Mac)	USD	99,000	113,056
Total U.S. Government Agency
Securities (Cost $424,946)			426,711

U.S. Treasury Obligations (2.19%)

4.00%, 6/15/2009,
(U.S. Treasury Notes)	USD	153,000	153,108
4.00%, 4/15/2010,
(U.S. Treasury Notes)	USD	69,000	69,108
4.00%, 2/15/2015,
(U.S. Treasury Notes)	USD	13,000	12,730
4.25%, 8/15/2015,
(U.S. Treasury Notes)	USD	30,000	29,775
4.88%, 2/15/2012,
(U.S. Treasury Notes)	USD	57,000	58,790
5.00%, 2/15/2011,
(U.S. Treasury Notes)	USD	50,000	51,625
5.25%, 11/15/2028,
(U.S. Treasury Bonds)	USD	101,000	107,139
5.63%, 5/15/2008,
(U.S. Treasury Notes)	USD	25,000	25,193
Total U.S. Treasury Obligations
(Cost $498,994)			507,468

Foreign Government Agency Securities (3.89%)

Belgian Government Bond,
5.50%, 9/28/2017	EUR	27,000	42,588
Bonos Y Obligación Del Estado
(Spanish Government Bond),
5.50%, 7/30/2017	EUR	29,000	45,739

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2030 Fund	October 31, 2007

Foreign Government Agency Securities, continued
	Shares or
	Principal
Security Description	(Currency Noted)			Value ($)
Bundesobligation
(German Government Bond),
4.00%, 4/13/2012	EUR	85,000		122,367
Buoni Poliennali Del Tesoro
(Italian Government Bond),
5.25%, 8/01/2017	EUR	74,000		113,685
France O.A.T
(French Government Bond),
3.75%, 4/25/2017	EUR	70,000		96,877
Japan Government Bond,
1.50%, 6/20/2012	JPY	41,500,000		366,729
Netherlands Government Bond,
4.00%, 7/15/2016	EUR	29,000		41,103
United Kingdom Treasury Bond,
4.00%, 9/07/2016	GBP	38,000		73,821
Total Foreign Government
Agency Securities
(Cost $855,273)				902,909

Investment Companies (16.03%)

American Beacon Money
Market Fund		1,451,229		1,451,229
BLDRS Emerging Markets 50
ADR Equity Fund		6,915		414,693
Dreyfus Cash Management Plus		116,306		116,306
IShares MSCI Emerging Markets
Equity Fund		8,075		1,348,606
Vanguard Emerging Markets
Equity Fund		3,355		391,931
Total Investment Companies
(Cost $3,241,742)				3,722,765
Total Investments
(Cost $21,190,187) (a) — 99.51%				23,103,684
Other assets in excess of
liabilities — 0.49%				114,075
NET ASSETS — 100.00%			$	23,217,759

(a)	See notes to financial statements for tax unrealized appreciation (depreciation) of securities
(b)	Non-income producing security.
(c)	A complete listing of all common stocks held by the Fund is available upon request. “Other Common Stocks” does not include any securities determined to be either “restricted” under Rule 144A and/or non-income producing.
†	Represents a restricted security purchase under rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments
NestEgg Dow Jones 2040 Fund	October 31, 2007

Common Stocks (78.14%)
	Shares or
	Principal
Security Description	(Currency Noted)	Value ($)
AAR Corp. (Industrial) (b)	182	5,833
Adobe Systems, Inc. (Technology) (b)	300	14,370
Advanced Micro Devices, Inc.
(Technology) (b)	1,050	13,734
The AES Corp. (Utilities) (b)	353	7,558
AK Steel Holding Corp.
(Basic Materials) (b)	140	7,018
Alaska Air Group, Inc.
(Consumer, Cyclical) (b)	239	6,071
Alleghany Corp. (Financial) (b)	10	3,930
American Tower Corp.
(Communications) (b)	215	9,499
Amgen, Inc.
(Consumer, Non-cyclical) (b)	251	14,586
AMR Corp. (Consumer, Cyclical) (b)	585	14,040
Anixter International, Inc.
(Communications) (b)	162	11,640
Apple, Inc. (Technology) (b)	446	84,718
Aquila, Inc. (Utilities) (b)	2,862	11,963
Arcandor AG (Consumer, Cyclical) (b)	42	1,347
Arrow Electronics, Inc. (Industrial) (b)	243	9,715
Atos Origin SA (Technology) (b)	22	1,337
Autodesk, Inc. (Technology) (b)	462	22,592
Avis Budget Group, Inc.
(Consumer, Non-cyclical) (b)	683	14,254
Avnet, Inc. (Industrial) (b)	294	12,266
Big Lots, Inc. (Consumer, Cyclical) (b)	283	6,786
Blockbuster, Inc.
(Consumer, Cyclical) (b)	1,033	5,434
Bombardier, Inc. (Industrial) (b)	266	1,577
British Airways PLC.
(Consumer, Cyclical) (b)	162	1,500
Business Objects SA (Technology) (b)	29	1,742
Cablevision Systems Corp.
(Communications) (b)	411	12,055
CGG-Veritas (Energy) (b)	5	1,638
Charming Shoppes, Inc.
(Consumer, Cyclical) (b)	831	6,166
Charter Plc. (Industrial) (b)	56	1,262
Checkpoint Systems, Inc.
(Industrial) (b)	261	7,895
China Everbright Ltd. (Financial) (b)	555	2,456
China Grand Forestry Resources
(Industrial) (b)	3,195	1,117
China Insurance International
(Financial) (b)	530	1,706
Cincinnati Bell, Inc.
(Communications) (b)	1,647	8,927
Comcast Corp. (Communications) (b)	1,561	32,756
Computer Sciences Corp.
(Technology) (b)	409	23,882
Corrections Corporation of
America (Consumer,
Non-cyclical) (b)	605	17,115
The DIRECTV Group, Inc.
(Communications) (b)	323	8,553
Domtar Corp. (Basic Materials) (b)	1,442	12,372
Dynegy, Inc. (Utilities) (b)	996	9,173
EchoStar Communications Corp.
(Communications) (b)	367	17,968
EMC Corp, (Technology) (b)	1,080	27,421
ESCO Technologies, Inc.
(Industrial) (b)	124	5,132
Esterline Technologies Corp.
(Industrial) (b)	124	6,793
FirstFed Financial Corp.
(Financial) (b)	115	4,920
Ford Motor Co.
(Consumer, Cyclical) (b)	946	8,391
Foster Wheeler Ltd. (Industrial) (b)	125	18,531
Galaxy Entertainment Group Ltd.
(Consumer, Cyclical) (b)	1,284	1,395
Gaylord Entertainment Co.
(Consumer, Cyclical) (b)	202	11,005
General Cable Corp. (Industrial) (b)	246	17,710
Genting International PLC.
(Financial) (b)	2,221	1,059
Hitachi Zosen Corp. (Industrial) (b)	675	1,117
Humana, Inc.
(Consumer, Non-cyclical) (b)	297	22,260
Immoeast AG (Financial) (b)	100	1,217
Infineon Technologies AG
(Technology) (b)	139	2,039
Interpublic Group of Companies, Inc.
(Communications) (b)	1,189	12,306
Investment Technology Group Inc.
(Financial) (b)	220	9,218
ITT Educational Services, Inc.
(Consumer, Non-cyclical) (b)	188	23,912
Jacobs Engineering Group, Inc.
(Industrial) (b)	227	19,783
Jyske Bank A/S (Financial) (b)	16	1,318
Kirby Corp. (Industrial) (b)	103	4,705
Kulicke & Soffa Industries, Inc.
(Technology) (b)	388	2,937
LaBranche & Co, Inc. (Financial) (b)	480	2,630
Lear Corp. (Consumer, Cyclical) (b)	469	16,664
Lihir Gold Ltd. (Basic Materials) (b)	728	2,801
Logitech International SA
(Technology) (b)	48	1,668
McDermott International, Inc.
(Industrial) (b)	405	24,729
Meritage Homes Corp.
(Consumer, Cyclical) (b)	211	3,395
MGM Mirage (Consumer, Cyclical) (b)	62	5,680
Microsemi Corp. (Technology) (b)	325	8,648
Millipore Corp.
(Consumer, Non-cyclical) (b)	110	8,542
Mitsubishi Motors Corp.
(Consumer, Cyclical) (b)	1,550	3,023
Moog, Inc. (Industrial) (b)	189	8,722
Newport Corp. (Industrial) (b)	178	2,433
Orbotech Ltd. (Industrial) (b)	223	4,616
Parker Drilling Co. (Energy) (b)	856	7,225
Pier 1 Imports, Inc.
(Consumer, Cyclical) (b)	614	3,125
Pinnacle Entertainment, Inc.
(Consumer, Cyclical) (b)	287	8,380
Pre-Paid Legal Services, Inc.
(Consumer, Non-cyclical) (b)	47	2,801
Psychiatric Solutions Inc.
(Consumer, Non-cyclical) (b)	269	10,652
Qwest Communications
International, Inc.
(Communications) (b)	824	5,916
Ralcorp Holdings, Inc. (Consumer,
Non-cyclical) (b)	129	7,263

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2040 Fund	October 31, 2007

Common Stocks, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
RH Donnelley Corp.
(Communications) (b)		141	7,734
Rite Aid Corp. (Consumer,
Cyclical) (b)		1,088	4,254
RTI International Metals, Inc.
(Basic Materials) (b)		116	9,069
SGL Carbon AG (Basic Materials) (b)		25	1,468
Six Flags, Inc. (Consumer, Cyclical) (b)		532	1,724
Skyworks Solutions, Inc.
(Technology) (b)		1,073	9,893
Southwestern Energy Co. (Energy) (b)		332	17,174
St. Jude Medical, Inc.
(Consumer, Non-cyclical) (b)		176	7,168
SVB Financial Group (Financial) (b)		167	8,649
TD Ameritrade Holding Corp.
(Financial) (b)		130	2,488
Tenet Healthcare Corp.
(Consumer, Non-cyclical) (b)		1,139	3,998
Terex Corp. (Industrial) (b)		184	13,656
Thomas & Betts Corp. (Industrial) (b)		121	6,777
Topdanmark A/S (Financial) (b)		8	1,365
Unisys Corp. (Technology) (b)		838	5,095
United Stationers, Inc.
(Consumer, Cyclical) (b)		140	8,107
URS Corp. (Industrial) (b)		266	16,441
USEC, Inc. (Basic Materials) (b)		345	3,036
Valassis Communications, Inc.
(Consumer, Non-cyclical) (b)		324	3,191
Varian Medical Systems, Inc.
(Consumer, Non-cyclical) (b)		222	10,827
Vestas Wind Systems A/S
(Industrial) (b)		34	3,033
Washington Group International
(Industrial) (b)		141	13,726
William Demant Holding
(Consumer, Non-cyclical) (b)		13	1,191
WMS Industries, Inc.
(Consumer, Cyclical) (b)		216	7,489
YRC Worldwide, Inc. (Industrial) (b)		381	9,365
Other Common Stocks (c)		780,453	17,933,047
Total Common Stocks
(Cost $17,164,892)			18,900,598

Corporate Bonds (1.47%)

Allstate Corp., 7.20%, 12/1/2009
(Financial)	USD	4,000	4,178
American General Finance,
5.38%, 10/1/2012 (Financial)	USD	13,000	12,867
Anheuser-Busch Companies, Inc.,
5.05%, 10/15/2016
(Consumer Goods)	USD	4,000	3,882
Boeing Co., 6.13%, 2/15/2033
(Industrial)	USD	4,000	4,133
Bottling Group LLC.,
4.63%, 11/15/2012
(Consumer Goods)	USD	2,000	1,969
Burlington Northern Santa Fe
Railway Company,
7.00%, 12/15/2025 (Industrial)	USD	4,000	4,322
Citigroup, Inc., 6.63%, 1/15/2028
(Financial)	USD	14,000	14,671
Coca-Cola Enterprises,
8.50%, 2/1/2022
(Consumer Goods)	USD	4,000	5,041
Comcast Corp., 6.50%, 11/15/2035
(Communications)	USD	13,000	13,188
ConAgra Foods, Inc.,
6.75%, 9/15/2011
(Consumer Goods)	USD	4,000	4,200
ConocoPhillips Canada,
5.63%, 10/15/2016 (Financial)	USD	14,000	14,250
Countrywide Financial Corp.,
6.25%, 5/15/2016 (Financial)	USD	16,000	12,735
Credit Suisse USA, Inc.,
6.13%, 11/15/2011 (Financial)	USD	13,000	13,442
Duke Energy Carolinas,
6.25%, 1/15/2012 (Utilities)	USD	4,000	4,156
E.I. Du Pont De Nemours,
4.88%, 4/30/2014
(Basic Materials)	USD	3,000	2,916
Exelon Corporation,
4.90%, 6/15/2015 (Utilities)	USD	4,000	3,753
Florida Power & Light,
5.95%, 10/1/2033 (Utilities)	USD	20,000	19,978
General Electric Company,
5.00%, 2/1/2013 (Industrial)	USD	20,000	19,841
IBM Corp., 8.38%, 11/1/2019
(Technology)	USD	4,000	4,928
John Hancock Global Funding Ltd.,
7.90%, 7/2/2010 (Financial) †	USD	5,000	5,362
JPMorgan Chase Capital XVIII,
6.95%, 8/17/2036 (Financial)	USD	15,000	14,799
Kimberly-Clark Corp.,
5.00%, 8/15/2013
(Consumer Goods)	USD	7,000	6,929
Kinder Morgan Energy Partners,
7.75%, 3/15/2032 (Energy)	USD	4,000	4,464
Kohls Corporation, 6.00%,
1/15/2033 (Consumer Goods)	USD	8,000	7,232
Lehman Brothers Holdings,
6.63%, 1/18/2012 (Financial)	USD	4,000	4,127
Macys Retail Holdings, Inc.,
5.75%, 7/15/2014
(Consumer Goods)	USD	4,000	3,870
Morgan Stanley, 6.75%, 4/15/2011
(Financial)	USD	9,000	9,405
National Rural Utilities,
7.25%, 3/1/2012 (Financial)	USD	7,000	7,503
Norfolk Southern Corp,
6.20%, 4/15/2009 (Industrial)	USD	42,000	42,612
Procter & Gamble Co.,
4.95%, 8/15/2014
(Consumer Goods)	USD	5,000	4,959
Prudential Financial, Inc.,
5.10%, 9/20/2014 (Financial)	USD	4,000	3,863
Southern Power Co.,
4.88%, 7/15/2015 (Utilities)	USD	4,000	3,804
Sprint Capital Corp.,
8.38%, 3/15/2012
(Communications)	USD	7,000	7,645
Target Corp., 5.88%, 3/1/2012
(Consumer Goods)	USD	4,000	4,120
Union Pacific Corp.,
4.88%, 1/15/2015 (Industrial)	USD	9,000	8,598
US Bank NA., 6.38%, 8/1/2011
(Financial)	USD	4,000	4,168
Verizon Communications,
7.25%, 12/1/2010
(Communications)	USD	15,000	16,003

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2040 Fund	October 31, 2007

Corporate Bonds, continued
	Shares or
	Principal
Security Description	(Currency Noted)		Value ($)
Wachovia Bank NA.,
7.80%, 8/18/2010 (Financial)	USD	7,000	7,502
Wal-Mart Stores, 4.55%, 5/1/2013
(Consumer Goods)	USD	8,000	7,812
Wells Fargo & Co., 4.63%, 8/9/2010
(Financial)	USD	8,000	7,923
Weyerhaeuser Co., 6.95%, 8/1/2017
(Basic Materials)	USD	4,000	4,147
Wyeth, 5.50%, 2/1/2014
(Health Care)	USD	5,000	5,014
Total Corporate Bonds
(Cost $361,412)			356,311

U.S. Government Agency Pass-Through Securities (1.60%)

4.41%, 10/1/2035, Pool #836206
(Fannie Mae)	USD	12,736	12,611
4.50%, 1/1/2019, Pool #735057
(Fannie Mae)	USD	4,803	4,659
4.50%, 9/1/2020, Pool #839289
(Fannie Mae)	USD	5,000	4,838
5.00%, 5/1/2018, Pool #703444
(Fannie Mae)	USD	6,292	6,195
5.00%, 1/1/2019, Pool #255077
(Fannie Mae)	USD	8,590	8,486
5.00%, 12/1/2019, Pool #745369
(Fannie Mae)	USD	3,002	2,965
5.00%, 6/1/2020, Pool #839333
(Fannie Mae)	USD	11,870	11,686
5.00%, 12/1/2026, Pool #256570
(Fannie Mae)	USD	16,872	16,367
5.00%, 8/1/2033, Pool #713679
(Fannie Mae)	USD	56,062	53,809
5.00%, 5/1/2034, Pool #768230
(Fannie Mae)	USD	7,325	7,031
5.00%, 7/1/2034, Pool #255268
(Fannie Mae)	USD	4,225	4,065
5.50%, 8/1/2017, Pool #826283
(Fannie Mae)	USD	2,754	2,771
5.50%, 3/1/2020, Pool #735405
(Fannie Mae)	USD	5,689	5,699
5.50%, 12/1/2020, Pool #850811
(Fannie Mae)	USD	33,503	33,561
5.50%, 9/1/2033, Pool #254869
(Fannie Mae)	USD	37,383	36,943
5.50%, 4/1/2034, Pool #725424
(Fannie Mae)	USD	22,663	22,333
6.00%, 6/1/2017, Pool #555004
(Fannie Mae)	USD	4,496	4,581
6.00%, 10/1/2032, Pool #667994
(Fannie Mae)	USD	11,058	11,190
6.00%, 9/1/2033, Pool #736937
(Fannie Mae)	USD	4,073	4,103
6.00%, 4/1/2035, Pool #735503
(Fannie Mae)	USD	4,285	4,332
7.00%, 4/1/2034, Pool #780703
(Fannie Mae)	USD	6,300	6,563
4.00%, 6/1/2018, Pool #E01401
(Freddie Mac)	USD	8,010	7,598
4.50%, 1/1/2019, Pool #B11878
(Freddie Mac)	USD	12,426	12,050
5.00%, 8/1/2033, Pool #A12886
(Freddie Mac)	USD	6,991	6,728
5.50%, 8/1/2033, Pool #A11851
(Freddie Mac)	USD	9,639	9,517
5.50%, 10/1/2034, Pool #A27526
(Freddie Mac)	USD	8,631	8,520
5.50%, 10/1/2035, Pool #A39170
(Freddie Mac)	USD	15,459	15,236
5.50%, 11/1/2035, Pool #A47728
(Freddie Mac)	USD	15,058	14,841
6.00%, 7/1/2034, Pool #A24370
(Freddie Mac)	USD	7,938	8,007
6.50%, 12/1/2033, Pool #A16523
(Freddie Mac)	USD	9,563	9,840
5.50%, 4/15/2033, Pool #603566
(GNMA)	USD	3,759	3,740
5.50%, 4/15/2034, Pool #626116
(GNMA)	USD	2,512	2,499
6.00%, 2/15/2032, Pool #569704
(GNMA)	USD	18,548	18,825
6.00%, 9/20/2034, Pool #G23611
(GNMA)	USD	4,173	4,220
Total U.S. Government Agency
Pass-Through Securities
(Cost $385,487)			386,409

U.S. Government Agency Securities (0.29%)

4.50%, 10/15/2008, (Fannie Mae)	USD	10,000	10,031
4.63%, 11/21/2008,
(Federal Home Loan Bank)	USD	10,000	10,016
4.63%, 12/19/2008, (Freddie Mac)	USD	10,000	10,018
4.75%, 1/18/2011, (Freddie Mac)	USD	10,000	10,095
4.75%, 1/19/2016, (Freddie Mac)	USD	20,000	19,874
6.63%, 9/15/2009, (Fannie Mae)	USD	10,000	10,406
Total U.S. Government Agency
Securities (Cost $69,738)			70,440

U.S. Treasury Obligations (1.08%)

4.00%, 4/15/2010,
(U.S. Treasury Notes)	USD	34,000	34,053
4.00%, 6/15/2009,
(U.S. Treasury Notes)	USD	111,000	111,078
4.25%, 8/15/2015,
(U.S. Treasury Notes)	USD	40,000	39,700
4.88%, 2/15/2012,
(U.S. Treasury Notes)	USD	16,000	16,503
5.25%, 11/15/2028,
(U.S. Treasury Bonds)	USD	28,000	29,702
5.63%, 5/15/2008,
(U.S. Treasury Notes)	USD	1,000	1,008
6.00%, 2/15/2026,
(U.S. Treasury Bonds)	USD	25,000	28,625
Total U.S. Treasury Obligations
(Cost $256,932)			260,669

Foreign Government Agency Securities (1.41%)

Belgian Government Bond,
5.50%, 9/28/2017	EUR	9,000	14,196
Bonos Y Obligación Del Estado
(Spanish Government Bond),
5.50%, 7/30/2017	EUR	11,000	17,349
Bundesobligation
(German Government Bond),
4.00%, 4/13/2012	EUR	33,000	47,507

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds	Schedule of Portfolio Investments, continued
NestEgg Dow Jones 2040 Fund	October 31, 2007

Foreign Government Agency Securities, continued
	Shares or
	Principal
Security Description	(Currency Noted)			Value ($)
Buoni Poliennali Del Tesoro
(Italian Government Bond),
5.25%, 8/01/2017	EUR	28,000		43,016
France O.A.T
(French Government Bond),
3.75%, 4/25/2017	EUR	27,000		37,367
Japan Government Bond,
1.50%, 6/20/2012	JPY	15,900,000		140,506
Netherlands Government Bond,
4.00%, 7/15/2016	EUR	11,000		15,591
United Kingdom Treasury Bond,
4.00%, 9/07/2016	GBP	13,000		25,255
Total Foreign Government
Agency Securities
(Cost $322,773)				340,787

Investment Companies (15.19%)

American Beacon Money
Market Fund		954,687		954,687
BLDRS Emerging Markets 50
ADR Equity Fund		8,304		497,991
Dreyfus Cash Management Plus		182,254		182,254
IShares MSCI Emerging Markets
Equity Fund		9,391		1,568,391
Vanguard Emerging Markets
Equity Fund		4,029		470,668
Total Investment Companies
(Cost $3,107,265)				3,673,991
Total Investments
(Cost $21,668,499) (a) — 99.18%				23,989,205
Other assets in excess of
liabilities — 0.82%				198,791
NET ASSETS — 100.00%			$	24,187,996

(a)		See notes to financial statements for tax unrealized appreciation (depreciation) of securities
(b)		Non-income producing security.
(c)		A complete listing of all common stocks held by the Fund is available upon request. “Other Common Stocks” does not include any securities determined to be either “restricted” under Rule 144A and/or non-income producing.
†		Represents a restricted security purchase under rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Statements of Assets and Liabilities

October 31, 2007
	NestEgg		NestEgg		NestEgg		NestEgg		NestEgg
	Dow Jones		Dow Jones		Dow Jones		Dow Jones		Dow Jones
	2010 Fund		2015 Fund		2020 Fund		2030 Fund		2040 Fund
Assets:
Investments, at cost	$	6,345,765	$	13,236,951	$	32,794,462	$	21,190,187	$	21,668,499
Investments, at value	$	6,574,453	$	13,996,808	$	35,054,618	$	23,103,684	$	23,989,205
Foreign currency, at value (cost at
$7,169; $15,807; $43,139; $24,676;
and $26,198)		7,352		16,264		38,507		25,312		27,024
Interest and dividends receivable		55,368		95,603		160,263		62,901		37,940
Receivable for capital shares issued		31,107		23,658		70,156		44,996		153,269
Reclaims receivable		264		445		773		267		165
Receivable from Investment Adviser		13,757		16,672		20,614		12,674		13,565
Prepaid expenses		8,265		8,784		10,460		9,347		9,427
Total Assets		6,690,566		14,158,234		35,355,391		23,259,181		24,230,595
Liabilities:
Distributions payable	$	17,894	$	—	$	—	$	—	$	—
Payable for capital shares redeemed		—		20,892		3		—		—
Accrued expenses and other payables:
Investment advisory		3,629		7,652		18,835		12,356		12,899
Administration		1,135		2,441		5,892		3,853		4,039
Accounting		1,923		2,075		2,138		2,116		2,129
Distribution and Service		93		49		83		123		185
Other		16,448		19,420		28,161		22,974		23,347
Total Liabilities		41,122		52,529		55,112		41,422		42,599
Net Assets	$	6,649,444	$	14,105,705	$	35,300,279	$	23,217,759	$	24,187,996

Composition of Net Assets:
Capital	$	6,275,169	$	12,534,113	$	31,079,435	$	19,774,093	$	20,186,972
Accumulated net investment income		2,970		323,695		608,077		243,574		177,593
Accumulated net realized gains from
investment transactions		141,862		485,863		1,352,560		1,283,204		1,501,854
Unrealized appreciation		229,443		762,034		2,260,207		1,916,888		2,321,577
Net Assets	$	6,649,444	$	14,105,705	$	35,300,279	$	23,217,759	$	24,187,996

Net Assets By Share Class:
Institutional Class Shares	$	6,270,138	$	13,936,549	$	34,942,094	$	22,683,599	$	23,387,509
Class A Shares		359,183		142,188		350,638		523,717		782,528
Class C Shares		20,123		26,968		7,547		10,443		17,959
Net Assets	$	6,649,444	$	14,105,705	$	35,300,279	$	23,217,759	$	24,187,996

Shares Outstanding (unlimited number of shares authorized @ $0.001 par value):
Institutional Class Shares		600,699		1,266,712		2,974,884		1,986,113		1,977,628
Class A Shares		34,588		13,014		30,094		46,355		67,273
Class C Shares		1,938		2,498		651		930		1,552

Net Asset Value, Offering Price and Redemption Price per share:
Institutional Class Shares	$	10.44	$	11.00	$	11.75	$	11.42	$	11.83
Class A Shares	$	10.38	$	10.93	$	11.65	$	11.30	$	11.63
Class C Shares	$	10.38	$	10.80	$	11.59	$	11.23	$	11.57

Maximum Sales Charge:
Class A Shares		4.75%		4.75%		4.75%		4.75%		4.75%

Maximum Offering Price per share (Net Asset Value/100% minus maximum
sales charge of net asset value adjusted to the nearest cent):
Class A Shares	$	10.90	$	11.47	$	12.23	$	11.86	$	12.21

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Statements of Operations

For the year ended October 31, 2007
		NestEgg		NestEgg		NestEgg		NestEgg		NestEgg
		Dow Jones		Dow Jones		Dow Jones		Dow Jones		Dow Jones
		2010 Fund		2015 Fund		2020 Fund		2030 Fund		2040 Fund
Investment Income:
Dividend		$	56,648	$	136,106	$	402,277	$	357,339	$	419,112
Interest			235,334		428,861		723,151		201,556		82,883
Foreign tax withholding			(414)		(902)		(2,275)		(1,538)		(1,677)
Total Investment Income			291,568		564,065		1,123,153		557,357		500,318
Expenses:
Investment advisory			39,705		89,479		207,035		135,191		143,547
Administration			9,926		22,370		51,759		33,798		35,887
Distribution - Class A Shares			840		387		790		1,152		1,794
Distribution - Class C Shares			145		193		53		57		98
Service - Class A Shares			840		387		790		1,152		1,794
Service - Class C Shares			49		66		19		20		33
Accounting			39,908		40,744		40,558		40,583		40,727
Custodian			1,323		2,982		6,901		4,506		4,784
Compliance services			786		1,787		4,058		2,639		2,794
Transfer Agent			21,730		21,912		24,132		25,569		24,394
Trustee			1,273		2,871		6,568		4,213		4,485
State registration expenses			51,329		52,439		53,505		52,627		52,666
Other			14,780		18,424		32,998		25,355		26,509
Total expenses before fee reductions			182,634		254,041		429,166		326,862		339,512
Expenses reduced by:	Adviser		(125,663)		(129,746)		(133,397)		(122,128)		(119,884)
	Net Expenses		56,971		124,295		295,769		204,734		219,628

Net Investment Income			234,597		439,770		827,384		352,623		280,690

Realized and unrealized gains (losses) from
investments and foreign currency transactions:
Net realized gains from investment
transactions			139,569		482,214		1,357,504		1,283,406		1,511,492
Net realized (losses) from foreign
currency transactions			(15,569)		(31,718)		(72,971)		(41,865)		(43,591)
Change in unrealized appreciation/
depreciation from investments			109,882		398,621		1,411,759		1,291,320		1,600,635
Change in unrealized appreciation/
depreciation from foreign currency
translation			755		2,178		53		3,391		870
Net realized and unrealized gains			234,637		851,295		2,696,345		2,536,252		3,069,406
Net increase in Net Assets Resulting from
Operations		$	469,234	$	1,291,065	$	3,523,729	$	2,888,875	$	3,350,096

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Statements of Changes in Net Assets

	NestEgg					NestEgg					NestEgg
	Dow Jones					Dow Jones					Dow Jones
	2010 Fund					2015 Fund					2020 Fund
	For the Years					For the Years					For the Years
	Ended October 31,					Ended October 31,					Ended October 31,
	2007		2006			2007		2006			2007		2006
Investment Operations:
Net investment income	$	234,597	$	196,805		$	439,770	$	453,039		$	827,384	$	745,651
Net realized gains		124,000		210,608			450,496		921,345			1,284,533		2,747,254
Net change in unrealized appreciation/depreciation		110,637		94,057			400,799		37,667			1,411,812		(445,753)
Net increase in net assets resulting from operations		469,234		501,470			1,291,065		1,412,051			3,523,729		3,047,152
Distributions:
From net investment income:
Institutional Class Shares		(203,144)		(198,422)			(419,432)		(133,011)			(691,073)		(208,751)
Class A Shares		(9,301)		(8,374)			(2,882)		(922)			(4,685)		(1,457)
Class C Shares		(403)		(178)			(631)		—			(104)		—
From net realized gains:
Institutional Class Shares		(197,627)		(231,842)			(913,618)		(413,529)			(1,130,591)		—
Class A Shares		(10,485)		(10,795)			(7,768)		(3,469)			(9,950)		—
Class C Shares		(636)		—			(1,533)		—			(252)		—
Decrease in net assets from distributions		(421,596)		(449,611)			(1,345,864)		(550,931)			(1,836,655)		(210,208)
Net increase (decrease) in net assets from capital
transactions		359,066		150,546			(931,409)		(3,069,929)			2,190,167		(1,750,099)
Total increase (decrease) in net assets		406,704		202,405			(986,208)		(2,208,809)			3,877,241		1,086,845

Net Assets:
Beginning of year		6,242,740		6,040,335			15,091,913		17,300,722			31,423,038		30,336,193
End of year		6,649,444		6,242,740			14,105,705		15,091,913			35,300,279		31,423,038
Undistributed net investment income	$	2,970	$	—		$	323,695	$	344,221		$	608,077	$	558,200

Capital Transactions:
Institutional Class Shares
Proceeds from shares issued	$	2,411,482	$	1,523,588		$	3,581,953	$	2,678,976		$	10,825,279	$	4,621,412
Dividends reinvested		400,703		429,149			—		546,539			—		208,751
Cost of shares redeemed		(2,497,211)		(1,871,248)			(4,550,863)		(6,282,064)			(8,701,035)		(6,575,695)
Institutional Class Shares capital transactions		314,974		81,489			(968,910)		(3,056,549)			2,124,244		(1,745,532)
Class A Shares
Proceeds from shares issued		27,331		107,417			123,382		29,613			157,814		66,628
Dividends reinvested		19,786		19,169			—		4,391			—		1,457
Cost of shares redeemed		(4,064)		(76,374)			(105,984)		(54,051)			(92,246)		(79,319)
Class A Shares capital transactions		43,053		50,212			17,398		(20,047)			65,568		(11,234)
Class C Shares
Proceeds from shares issued		—		32,000	(a)		20,107		20,000	(a)		355		20,000	(a)
Dividends reinvested		1,039		178			—		—			—		—
Cost of shares redeemed		—		(13,333)			(4)		(13,333)			—		(13,333)
Class C Shares capital transactions		1,039		18,845			20,103		6,667			355		6,667
Net increase (decrease) in net assets from capital
transactions	$	359,066	$	150,546		$	(931,409)	$	(3,069,929)		$	2,190,167	$	(1,750,099)

Share Transactions:
Institutional Class Shares
Issued		235,881		149,674			342,679		253,030			977,409		430,611
Reinvested		39,450		42,400			—		52,451			—		19,749
Redeemed		(243,684)		(182,527)			(430,486)		(593,164)			(771,982)		(610,424)
Change in Institutional Class Shares		31,647		9,547			(87,807)		(287,683)			205,427		(160,064)
Class A Shares
Issued		2,692		10,578			11,747		2,769			14,275		6,221
Reinvested		1,959		1,903			—		423			—		138
Redeemed		(399)		(7,544)			(10,382)		(5,170)			(8,313)		(7,510)
Change in Class A Shares		4,252		4,937			1,365		(1,978)			5,962		(1,151)
Class C Shares
Issued		—		3,127	(a)		1,867		1,894	(a)		33		1855	(a)
Reinvested		103		18			—		—			—		—
Redeemed		—		(1,310)			—		(1,263)			—		(1,237)
Change in Class C Shares		103		1,835			1,867		631			33		618

(a)

Class C Shares commenced operations on March 15, 2006

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Statements of Changes in Net Assets, continued


	NestEgg					NestEgg
	Dow Jones					Dow Jones
	2030 Fund					2040 Fund
	For the Years					For the Years
	Ended October 31,					Ended October 31,
	2007		2006			2007		2006
Investment Operations:
Net investment income	$	352,623	$	309,626		$	280,690	$	245,046
Net realized gains		1,241,541		2,324,019			1,467,901		3,059,425
Net change in unrealized appreciation/depreciation		1,294,711		(527,336)			1,601,505		(832,391)
Net increase in net assets resulting from operations		2,888,875		2,106,309			3,350,096		2,472,080
Distributions:
From net investment income:
Institutional Class Shares		(261,618)		(114,501)			(191,123)		(107,171)
Class A Shares		(3,264)		(1,417)			(2,974)		(1,814)
Class C Shares		(39)		—			(11)		—
From net realized gains:
Institutional Class Shares		(2,270,496)		(140,848)			(2,546,624)		—
Class A Shares		(43,187)		(2,179)			(76,748)		—
Class C Shares		(774)		—			(814)		—
Decrease in net assets from distributions		(2,579,378)		(258,945)			(2,818,294)		(108,985)
Net increase (decrease) in net assets from capital
transactions		2,575,292		456,196			1,585,856		1,156,441
Total increase (decrease) in net assets		2,884,789		2,303,560			2,117,658		3,519,536

Net Assets:
Beginning of year		20,332,970		18,029,410			22,070,338		18,550,802
End of year		23,217,759		20,332,970			24,187,996		22,070,338
Undistributed net investment income	$	243,574	$	200,146		$	177,593	$	135,489

Capital Transactions:
Institutional Class Shares
Proceeds from shares issued	$	9,244,008	$	4,594,150		$	8,813,614	$	5,217,742
Dividends reinvested		—		255,348			2,737,747		107,171
Cost of shares redeemed		(6,800,659)		(4,503,232)			(10,105,891)		(4,357,921)
Institutional Class Shares capital transactions		2,443,349		346,266			1,445,470		966,992
Class A Shares
Proceeds from shares issued		176,064		189,655			129,406		255,992
Dividends reinvested		—		3,597			79,721		1,814
Cost of shares redeemed		(47,524)		(89,989)			(79,065)		(75,024)
Class A Shares capital transactions		128,540		103,263			130,062		182,782
Class C Shares
Proceeds from shares issued		3,413		20,000	(a)		9,500		20,000	(a)
Dividends reinvested		—		—			824		—
Cost of shares redeemed		(10)		(13,333)			—		(13,333)
Class C Shares capital transactions		3,403		6,667			10,324		6,667
Net increase (decrease) in net assets from capital
transactions	$	2,575,292	$	456,196		$	1,585,856	$	1,156,441

Share Transactions:
Institutional Class Shares
Issued		860,340		420,563			785,977		466,552
Reinvested		—		23,820			256,824		9,814
Redeemed		(614,526)		(410,914)			(890,426)		(389,074)
Change in Institutional Class Shares		245,814		33,469			152,375		87,292
Class A Shares
Issued		16,651		17,809			11,778		23,463
Reinvested		—		337			7,571		168
Redeemed		(4,352)		(8,376)			(7,135)		(6,786)
Change in Class A Shares		12,299		9,770			12,214		16,845
Class C Shares
Issued		324		1,818	(a)		880		1,781	(a)
Reinvested		—		—			78		—
Redeemed		—		(1,212)			—		(1,187)
Change in Class C Shares		324		606			958		594

(a)

Class C Shares commenced operations on March 15, 2006

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Financial Highlights

Selected data for a share outstanding throughout the period indicated.
	Per Share Data								Ratios/Supplemental Data
														Ratio of
		Investment Operations			Distributions From									net
			Net	Increase					Total		Net			investment
	Net Asset	Net	realized and	(Decrease)					Return		Asset	Ratio of		income		Ratio of
	Value	investment	unrealized	from	Net	Net		Net Asset	(excludes		at end of	expenses to		(loss) to		expenses to		Portfolio
	Beginning	income	gains	Investment	investment	realized	Total	Value, End	sales		period	average net		average		average net		turnover
	of Period	(loss)	(losses)	Operations	income	gains	Distributions	of Period	charge)*		(000’s)	assets**		net		assets(a)**		rate(b)
														assets**
NestEgg Dow Jones 2010 Fund
Institutional Class Shares
For the year ended
10/31/2007	10.39	0.34	0.39	0.73	(0.33)	(0.35)	(0.68)	10.44	7.34	%	6,270	0.83	%(d)	3.34	%	2.73	%(d)	66	%
10/31/2006 (c)	10.33	0.34	0.50	0.84	(0.36)	(0.42)	(0.78)	10.39	8.55	%	5,910	0.97	%(d)	3.33	%	2.32	%(d)	191	%
10/31/2005	10.51	0.27	0.08	0.35	(0.27)	(0.26)	(0.53)	10.33	3.37	%	5,779	1.00	%(d)	2.57	%	2.47	%(d)	33	%
10/31/2004	10.16	0.25	0.35	0.60	(0.25)	—	(0.25)	10.51	5.95	%	6,075	1.00	%(d)	2.38	%	2.00	%(d)	35	%
10/31/2003	9.47	0.26	0.70	0.96	(0.27)	—	(0.27)	10.16	10.32	%	6,018	1.00	%(d)	2.58	%	2.05	%(d)	53	%
Class A Shares
For the year ended
10/31/2007	10.34	10.34	0.38	0.67	(0.28)	(0.35)	(0.63)	10.38	6.75	%	359	1.32	%	2.84	%	3.24	%	66	%
10/31/2006 (e)	10.28	0.28	0.50	0.78	(0.30)	(0.42)	(0.72)	10.34	8.00	%	314	1.48	%	2.82	%	2.81	%	191	%
10/31/2005	10.46	0.21	0.08	0.29	(0.21)	(0.26)	(0.47)	10.28	2.80	%	261	1.55	%	2.01	%	2.97	%	33	%
10/31/2004	10.12	0.18	0.37	0.55	(0.21)	—	(0.21)	10.46	5.43	%	128	1.55	%	1.74	%	2.51	%	35	%
10/31/2003 (f)	9.47	0.25	0.64	0.89	(0.24)	—	(0.24)	10.12	9.58	%	20	1.55	%	1.47	%	2.54	%	53	%
Class C Shares
For the year/period ended
10/31/2007	10.32	0.24	0.38	0.62	(0.21)	(0.35)	(0.56)	10.38	6.24	%	20	1.82	%	2.35	%	3.78	%	66	%
10/31/2006 (g)	10.18	0.18	0.18	0.36	(0.22)	—	(0.22)	10.32	3.62	%	19	1.95	%	2.52	%	3.34	%	191	%
NestEgg Dow Jones 2015 Fund
Institutional Class Shares
For the year ended
10/31/2007	11.04	0.31	0.63	0.94	(0.31)	(0.67)	(0.98)	11.00	9.17	%	13,937	0.83	%(d)	2.74	%	1.70	%(d)	59	%
10/31/2006 (c)	10.45	0.31	0.61	0.92	(0.08)	(0.25)	(0.33)	11.04	9.01	%	14,957	0.97	%(d)	2.94	%	1.64	%(d)	140	%
10/31/2005	10.25	0.25	0.19	0.44	(0.24)	—	(0.24)	10.45	4.31	%	17,159	1.00	%(d)	2.35	%	1.86	%(d)	30	%
10/31/2004	9.82	0.22	0.43	0.65	(0.22)	—	(0.22)	10.25	6.66	%	18,765	0.94	%(d)	2.12	%	1.71	%(d)	34	%
10/31/2003	8.96	0.21	0.88	1.09	(0.23)	—	(0.23)	9.82	12.43	%	17,899	1.00	%(d)	2.23	%	1.82	%(d)	48	%
Class A Shares
For the year ended
10/31/2007	10.96	0.26	0.63	0.89	(0.25)	(0.67)	(0.92)	10.93	8.71	%	142	1.33	%	2.11	%	2.22	%	59	%
10/31/2006 (e)	10.41	0.28	0.59	0.87	(0.07)	(0.25)	(0.32)	10.96	8.51	%	128	1.48	%	2.44	%	2.13	%	140	%
10/31/2005	10.22	0.19	0.18	0.37	(0.18)	—	(0.18)	10.41	3.64	%	142	1.55	%	1.79	%	2.37	%	30	%
10/31/2004	9.79	0.15	0.45	0.60	(0.17)	—	(0.17)	10.22	6.16	%	123	1.49	%	1.56	%	2.22	%	34	%
10/31/2003 (f)	8.96	0.25	0.79	1.04	(0.21)	—	(0.21)	9.79	11.84	%	78	1.55	%	1.27	%	2.24	%	48	%
Class C Shares
For the year/period ended
10/31/2007	10.93	0.11	0.71	0.82	(0.28)	(0.67)	(0.95)	10.80	8.05	%	27	1.83	%	1.72	%	2.71	%	59	%
10/31/2006 (g)	10.56	0.13	0.24	0.37	—	—	—	10.93	3.50	%	7	1.95	%	1.97	%	2.50	%	140	%

(a)		During the period certain fees were reduced. If such fee reductions had not occurred, the ratios would have been as indicated.

(b)		Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued.

(c)		Prior to March 2, 2006, Institutional Class Shares were named Service Shares.

(d)		Does not include expenses of the investment companies in which the Funds invested.

(e)		Prior to March 2, 2006, Class A Shares were named Premium Shares.

(f)		Class A Shares commenced operations on November 1, 2002.

(g)		Class C Shares commenced operations on March 15, 2006.

*		Not annualized for periods less than one year.

**		Annualized for periods less than one year.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Financial Highlights, continued

Selected data for a share outstanding throughout the period indicated.

Per Share Data Ratios/Supplemental Data

Ratio of

Investment Operations Distributions From net

Net Increase Total Net investment

Net Asset Net realized and (Decrease) Return Asset Ratio of income Ratio of

Value investment unrealized from Net Net Net Asset (excludes at end of expenses to (loss) to expenses to Portfolio

Beginning income gains Investment investment realized Total Value, End sales period average net average average net turnover

of Period    (loss)    (losses)    Operations    income    gains    Distributions    of Period    charge)*    (000’s)    assets**    net    assets(a)**    rate(b)

assets**

NestEgg Dow Jones 2020 Fund

Institutional Class Shares

For the year ended

10/31/2007 11.25 0.25 0.91 1.16 (0.25) (0.41) (0.66) 11.75 10.77 % 34,942 0.85 %(d) 2.19 % 1.24 %(d) 66 %

10/31/2006 (c) 10.27 0.26 0.79 1.05 (0.07) — (0.07) 11.25 10.28 % 31,147 0.97 %(d) 2.44 % 1.40 %(d) 161 %

10/31/2005 9.88 0.20 0.38 0.58 (0.19) — (0.19) 10.27 5.91 % 30,078 0.97 %(d) 1.93 % 1.75 %(d) 35 %

10/31/2004 9.32 0.16 0.56 0.72 (0.16) — (0.16) 9.88 7.75 % 29,702 0.90 %(d) 1.68 % 1.68 %(d) 44 %

10/31/2003 8.25 0.16 1.10 1.26 (0.19) — (0.19) 9.32 15.71 % 27,160 1.00 %(d) 1.74 % 1.77 %(d) 67 %

Class A Shares

For the year ended

10/31/2007 11.16 0.18 0.91 1.09 (0.19) (0.41) (0.60) 11.65 10.19 % 351 1.35 % 1.67 % 1.74 % 66 %

10/31/2006 (e) 10.23 0.22 0.77 0.99 (0.06) — (0.06) 11.16 9.68 % 269 1.48 % 1.93 % 1.89 % 161 %

10/31/2005 9.85 0.14 0.39 0.53 (0.15) — (0.15) 10.23 5.35 % 259 1.53 % 1.36 % 2.26 % 35 %

10/31/2004 9.30 0.10 0.57 0.67 (0.12) — (0.12) 9.85 7.19 % 184 1.44 % 1.12 % 2.17 % 44 %

10/31/2003 (f) 8.25 0.20 1.02 1.22 (0.17) — (0.17) 9.30 15.12 % 81 1.46 % 0.78 % 2.21 % 67 %

Class C Shares

For the year/period ended

10/31/2007 11.13 0.13 0.91 1.04 (0.17) (0.41) (0.58) 11.59 9.68 % 8 1.85 % 1.18 % 2.25 % 66 %

10/31/2006 (g)    10.78 0.10 0.25 0.35 —    — — 11.13 3.25 % 7 1.95 % 1.43 % 2.22 % 161 %

NestEgg Dow Jones 2030 Fund

Institutional Class Shares

For the year ended

10/31/2007 11.46 0.16 1.23 1.39 (0.15) (1.28) (1.43) 11.42 13.33 % 22,684 0.90 %(d) 1.39 % 1.44 %(d) 72 %

10/31/2006 (c) 10.42 0.18 1.01 1.19 (0.07) (0.08) (0.15) 11.46 11.51 % 19,940 0.97 %(d) 1.64 % 1.57 %(d) 165 %

10/31/2005 9.82 0.14 0.60 0.74 (0.14) — (0.14) 10.42 7.59 % 17,778 1.00 %(d) 1.45 % 1.90 %(d) 43 %

10/31/2004 9.14 0.10 0.69 0.79 (0.11) — (0.11) 9.82 8.62 % 16,547 1.00 %(d) 1.06 % 1.79 %(d) 49 %

10/31/2003 7.84 0.10 1.36 1.46 (0.16) — (0.16) 9.14 19.02 % 14,196 1.00 %(d) 1.23 % 1.90 %(d) 77 %

Class A Shares

For the year ended

10/31/2007 11.35 0.09 1.24 1.33 (0.10) (1.28) (1.38) 11.30 12.83 % 524 1.38 % 0.88 % 1.95 % 72 %

10/31/2006 (e) 10.36 0.12 1.00 1.12 (0.05) (0.08) (0.13) 11.35 10.95 % 386 1.48 % 1.10 % 2.05 % 165 %

10/31/2005 9.78 0.09 0.59 0.68 (0.10) — (0.10) 10.36 6.96 % 252 1.55 % 0.86 % 2.42 % 43 %

10/31/2004 9.11 0.06 0.67 0.73 (0.06) — (0.06) 9.78 8.00 % 161 1.55 % 0.46 % 2.29 % 49 %

10/31/2003 (f)    7.84 0.15 1.26 1.41 (0.14) — (0.14) 9.11 18.27 % 104 1.55 % 0.27 % 2.36 % 77 %

Class C Shares

For the year/period ended

10/31/2007 11.31 0.04 1.22 1.26 (0.06) (1.28) (1.34) 11.23 12.14 % 10 1.87 % 0.37 % 2.45 % 72 %

10/31/2006 (g) 11.00 0.03 0.28 0.31 — — — 11.31 2.82 % 7 1.95 % 0.42 % 2.40 % 165 %

(a)      During the period certain fees were reduced. If such fee reductions had not occurred, the ratios would have been as indicated.

(b) Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued.

(c) Prior to March 2, 2006, Institutional Class Shares were named Service Shares.

(d) Does not include expenses of the investment companies in which the Funds invested.

(e) Prior to March 2, 2006, Class A Shares were named Premium Shares.

(f) Class A Shares commenced operations on November 1, 2002.

(g) Class C Shares commenced operations on March 15, 2006.

* Not annualized for periods less than one year.

**
Annualized for periods less than one year.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Financial Highlights, continued

Selected data for a share outstanding throughout the period indicated.
	Per Share Data									Ratios/Supplemental Data
															Ratio of
		Investment Operations				Distributions From									net
				Net	Increase					Total		Net			investment
	Net Asset	Net		realized and	(Decrease)					Return		Asset	Ratio of		income		Ratio of
	Value	investment		unrealized	from	Net	Net		Net Asset	(excludes		at end of	expenses to		(loss) to		expenses to		Portfolio
	Beginning	income		gains	Investment	investment	realized	Total	Value, End	sales		period	average net		average		average net		turnover
	of Period	(loss)		(losses)	Operations	income	gains	Distributions	of Period	charge)*		(000’s)	assets**		net		assets(a)**		rate(b)
															assets**
NestEgg Dow Jones 2040 Fund
Institutional Class Shares
For the year ended
10/31/2007	11.74	0.12		1.44	1.56	(0.10)	(1.37)	(1.47)	11.83	14.69	%	23,388	0.90	%(d)	1.01	%	1.40	%(d)	70	%
10/31/2006 (c)	10.45	0.13		1.22	1.35	(0.06)	—	(0.06)	11.74	12.97	%	21,426	0.97	%(d)	1.23	%	1.54	%(d)	164	%
10/31/2005	9.67	0.10		0.80	0.90	(0.12)	—	(0.12)	10.45	9.29	%	18,156	1.00	%(d)	0.98	%	1.90	%(d)	48	%
10/31/2004	8.89	0.05		0.79	0.84	(0.06)	—	(0.06)	9.67	9.51	%	15,977	1.00	%(d)	0.56	%	1.78	%(d)	57	%
10/31/2003	7.38	0.07		1.57	1.64	(0.13)	—	(0.13)	8.89	22.73	%	13,580	1.00	%(d)	0.70	%	1.90	%(d)	91	%
Class A Shares
For the year ended
10/31/2007	11.57	0.06		1.42	1.48	(0.05)	(1.37)	(1.42)	11.63	14.11	%	783	1.40	%	0.49	%	1.91	%	70	%
10/31/2006 (e)	10.34	0.08		1.20	1.28	(0.05)	—	(0.05)	11.57	12.38	%	637	1.48	%	0.65	%	2.02	%	164	%
10/31/2005	9.60	0.05		0.78	0.83	(0.09)	—	(0.09)	10.34	8.63	%	395	1.55	%	0.40	%	2.41	%	48	%
10/31/2004	8.86	0.01		0.78	0.79	(0.05)	—	(0.05)	9.60	8.88	%	231	1.55	%	0.06	%	2.28	%	57	%
10/31/2003 (f)	7.38	(0.01)	***	1.61	1.60	(0.12)	—	(0.12)	8.86	22.06	%	16	1.55	%	(0.18	)%	2.39	%	91	%
Class C Shares
For the year/period ended
10/31/2007	11.54	—	^	1.42	1.42	(0.02)	(1.37)	(1.39)	11.57	13.49	%	18	1.89	%	(0.09	)%	2.42	%	70	%
10/31/2006 (g)	11.23	—	^	0.31	0.31	—	—	—	11.54	2.76	%	7	1.95	%	(0.01	)%	2.35	%	164	%

(a)		During the period certain fees were reduced. If such fee reductions had not occurred, the ratios would have been as indicated.

(b)		Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued.

(c)		Prior to March 2, 2006, Institutional Class Shares were named Service Shares.

(d)		Does not include expenses of the investment companies in which the Funds invested.

(e)		Prior to March 2, 2006, Class A Shares were named Premium Shares.

(f)		Class A Shares commenced operations on November 1, 2002.

(g)		Class C Shares commenced operations on March 15, 2006.

*		Not annualized for periods less than one year.

**		Annualized for periods less than one year.

***		Net investment income per share claculated using average shares method.

^		Less than $0.005 per share.

See Notes to Financial Statements

NestEgg Dow Jones Target Date Funds

Notes to Financial Statements
October 31, 2007

1.		Organization:

		The American Independence Funds Trust (the “Trust”) was established as a Delaware business trust on October 7, 2004 as Adventus Funds Trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was subsequently renamed on June 10, 2005 as Arrivato Funds Trust. Effective March 2, 2006, the name of the Trust was changed to American Independence Funds Trust in connection with the Trust’s reorganization and merger with the former American Independence Funds Trust.

		The Trust currently offers eleven (11) series, or mutual funds, each with its own investment objectives and strategies. This report contains the financial statements and financial highlights of the funds listed below (individually, a “Fund”; collectively, the “Funds”). The financial statements for the other six funds can be found in a separate report. Up through July 31, 2007 these Funds were known as the NestEgg Dow Jones U.S. Target Date Funds with each of the Funds seeking to track the performance of one of the Dow Jones U.S. Target Date indices, a unique group of U.S. target date indices, less operating expenses. On July 26, 2007, the shareholders approved a change to the fundamental investment objective that would allow each of these Funds to track the performance of one of the Global (versus strictly U.S.) versions of these Dow Jones Target Date indices, less operating expenses. Effective August 1, 2007 the names of the individual Funds were changed accordingly as follows:

Former Fund Names		Current Fund Names
(Up through July 31, 2007)		(Subsequent to July 31, 2007)
NestEgg Dow Jones U.S. 2010 Fund		NestEgg Dow Jones 2010 Fund
NestEgg Dow Jones U.S. 2015 Fund		NestEgg Dow Jones 2015 Fund
NestEgg Dow Jones U.S. 2020 Fund		NestEgg Dow Jones 2020 Fund
NestEgg Dow Jones U.S. 2030 Fund		NestEgg Dow Jones 2030 Fund
NestEgg Dow Jones U.S. 2040 Fund		NestEgg Dow Jones 2040 Fund


		The Trust is authorized to issue an unlimited number of shares, which are units of beneficial interest with a par value of $0.001 each. The Trust offers three classes of shares: Class A, Class C and Institutional Class. Each share class is identical except as to distribution and service fees borne by each class. Income and realized/unrealized gains or losses are allocated to each class based on relative net assets. Each share represents an equal proportionate interest in a Fund with other shares of the same class and is entitled to such dividends and distributions out of the income earned on the assets belonging to that Fund.

		Prior to the March 2, 2006 reorganization, each Fund had been established as a “fund of funds”, which means that each Fund invested in other mutual funds, primarily passively-managed index funds.

		Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Funds enter into contracts with their vendors and others that provide for general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds. However, based on experience, the Funds expect that risk of loss to be remote.

2.		Significant Accounting Policies:

		The following is a summary of significant accounting policies followed by the Trust in preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

		Investment Valuation

		Portfolio securities listed or traded on domestic securities exchanges or the NASDAQ/NMS are valued at the market value as of the close of regular trading on the New York Stock Exchange, usually 4:00 p.m. Eastern Time (“Valuation Time”). If there have been no sales for that day on any exchange or system for a security, the security is valued at the mean between the closing bid and asked quotes on the exchange or system where the security is principally traded or at the NASDAQ official closing price, if applicable. Debt securities held by a Fund generally are valued based on mean prices as of the close of trading on the principal market in which they trade, usually 3:00 p.m. Eastern Time. Short-term debt investments having maturities of 60 days or less are valued at amortized cost, which approximates fair value. Investments in investment companies are valued at their net asset values as reported by such companies. The differences between cost and fair values of such investments are reflected as unrealized appreciation or depreciation.

		Most securities listed on a foreign exchange are valued either at the last sale price at the close of the exchange on which the security is principally traded or at fair value (see description below). Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of Valuation Time, as provided by an independent pricing service approved by the Board of Trustees.

		Securities for which market quotations are not readily available are valued at fair value by American Independence Financial Services, LLC (“AIFS” or the “Adviser”) in accordance with guidelines approved by the Trust’s Board of Trustees. The Funds typically value securities using market quotations or information furnished by a pricing service. However, when market quotations are not available, or when the Adviser has reason to believe that available quotations may not be accurate, the Funds may value securities according to methods approved by the Funds’ Board of Trustees and which are intended to reflect fair value. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security. For example, the Funds may use fair value methods if a security’s value is believed to have been materially affected by a significant event, such as natural disaster, a bankruptcy filing, or a substantial fluctuation in domestic or foreign markets, that occurs after the close of the security’s major trading exchange. In such a case, a Fund’s value for a security is likely to be different from the last quoted market or pricing service price. The factors to be considered in fair valuing a security include: fundamental analytical data, market conditions, yields of similar securities, trade activity of similar securities and pricing history. Securities may be valued by independent pricing services, approved by the Trust’s Board of Trustees, which use prices provided by market makers or estimates of fair value obtained from yield data relating to instruments or securities with similar characteristics.

Continued

NestEgg Dow Jones Target Date Funds

		Investment Transactions and Related Income During the period, security transactions are accounted for no later than one business day after following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Net realized gains or losses from sales of securities are determined on the specific identification cost method. Interest income is recorded on the accrual basis and includes, where applicable, the amortization of premiums or the accretion of discounts. Dividend income is recorded on the ex-dividend date. Income and realized and unrealized gains or losses are allocated among the classes based upon the proportion of relative net assets. Dividend income and realized gain distributions from underlying funds are recognized on the ex-dividend date. Expenses Expenses directly attributable to a Fund are charged directly to that Fund, while the expenses which are attributable to more than one Fund of the Trust are allocated among the respective funds based on relative daily net assets or another appropriate basis. Expenses specific to a class are charged to that class. Distributions to Shareholders The NestEgg Dow Jones 2010 Fund declares and pays dividends from net investment income monthly. Each of the other NestEgg Dow Jones Target Date Funds declares and pays dividends from net investment income annually. Distributions from net realized capital gains, if any, are distributed at least annually. Distributions from net investment income and from net realized capital gains are determined in accordance with federal income tax regulations which may differ from GAAP. These “book/tax” differences are primarily due to differing treatments for mortgage-backed securities, expiring capital loss carryforwards and deferrals of certain losses. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e. reclassification of market discounts, gain/loss, paydowns and distributions), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassifications. Distributions to shareholders which exceed net investment income and net realized gains for financial reporting purposes but not for tax purposes are reported as distributions in excess of net investment income or distributions in excess of net realized gains. To the extent they exceed net investment income and net realized capital gains for tax purposes, they are reported as distributions of capital. Federal Income Taxes The Trust treats each Fund as a separate entity for federal income tax purposes. Each Fund intends to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in Sub-chapter M of the Internal Revenue Code of 1986, as amended and to make distributions from net investment income and from net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes. New Accounting Pronouncements In July 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (FIN 48). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Fund’s tax return to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Adoption of FIN 48 was applied to all open tax years as of October 31, 2007. The adoption of FIN No. 48 did not have an effect on the net asset value, financial condition or results of operations of the Fund as there was no liability for unrecognized tax benefits and no change to the beginning net asset value of the Fund. As of and during the period ended October 31, 2007, the Fund did not have a liability for any unrecognized tax benefits. Management’s determinations regarding FIN 48 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof. In September 2006, the FASB issued Statement on Financial Accounting Standards (SFAS) No. 157, “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. SFAS No. 157 applies to fair value measurements already required or permitted by existing standards. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The changes to current generally accepted accounting principles from the application of SFAS No. 157 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurements. As of October 31, 2007, the Funds do not believe the adoption of SFAS No. 157 will impact the financial statement amounts, however, additional disclosures may be required about the inputs used to develop the measurements and the effect of certain of the measurements on changes in net assets for the period.

3.		Related Party Transactions:

		AIFS serves as the investment adviser to the Funds pursuant to an investment advisory agreement between the Trust and AIFS. The Adviser is entitled to receive an annual fee, computed daily and paid monthly, equal to 0.60% of each Fund’s average daily net assets. AIFS has contractually agreed to waive a portion of its management fee and reimburse expenses in order to maintain the Funds’ total operating expenses at not more than 0.95% of average annual net assets of the Institutional Class Shares through March 1, 2009. Effective August 1, 2007, AIFS agreed to increase this fee waiver and expense reimbursement (thereby, decreasing expenses) to maintain operating expenses for the Institutional Class Shares at not more than the following percentages of average annual net assets through March 1, 2009:

NestEgg Dow Jones 2010 Fund	0.45%
NestEgg Dow Jones 2015 Fund	0.45%
NestEgg Dow Jones 2020 Fund	0.55%
NestEgg Dow Jones 2030 Fund	0.70%
NestEgg Dow Jones 2040 Fund	0.75%

Continued

NestEgg Dow Jones Target Date Funds

	AIFS also provides certain administrative services necessary for the Funds’ operations. Subsequent to March 2, 2006, the fees for the services provided under such agreement were calculated based on each Fund’s average daily net assets at an annual rate of 0.15%.

	AIFS had entered into an agreement with BISYS Fund Services Ohio, Inc. (the name of which was changed to Citi Fund Services Ohio, Inc. — “CFSO”) whereby CFSO provided sub-administration services up to but not including October 1, 2007. CFSO also served the Funds as transfer agent and fund accountant. For these services, CFSO charged a fee accrued daily and paid monthly, on aggregate net assets of all Funds in the Trust, at an annual rate of:

	Based on Average Daily Net Assets of		Fee Rate
	Up to $500 million		0.075%
	In excess of $500 million but not exceeding $1 billion		0.060%
	In excess of $1 billion		0.050%

On October 1, 2007, the agreement with CFSO was terminated, and Vastardis Fund Services LLC (“Vastardis Capital”) became the Funds’ sub-administrator pursuant to a new administrative services agreement which has been approved by the Board. For sub-administration services it provides starting October 1, 2007, Vastardis Capital earns a fee on aggregate net assets of all Funds in the Trust, at an annual rate of:

	Based on Average Daily Net Assets of		Fee Rate
	Up to $3 billion		0.050%
	In excess of $3 billion but not exceeding $5 billion		0.040%
	In excess of $5 billion		0.030%

		On October 26, 2007, the agreement with CFSO to provide fund accounting services to the Funds was also terminated, and JP Morgan Worldwide Securities Services(“JP Morgan”) became the Funds’ fund accountant.

		Each of the Funds has adopted a plan pursuant to Rule 12b-1 under the 1940 Act (the “Plan”) that allows its Class A and Class C Shares to pay a distribution and service fee, as defined by the Financial Industry Regulatory Authority (“FINRA”), from its assets for selling and distributing its shares. Each fund can pay distribution and service fees at an annual rate of up to 0.50% of its Class A Share assets, and up to 1.00% of its Class C Share assets. These fees consist of up to 0.25% for distribution services and expenses of the Class A and Class C assets, and up to 0.25% for services, as defined by FINRA, of Class A assets and up to 0.75% of Class C assets.

		BISYS Fund Services Limited Partnership (“BISYS”), an affiliate of CFSO, had served as the Funds’ distributor. Effective August 1, 2007, Foreside Distribution Services, L.P. became the Funds’ new distributor pursuant to a new distribution agreement approved by the Board.

		An employee of CFSO served as the Funds’ Chief Compliance Officer up to but not including October 1, 2007. Effective October 1, 2007, the Trust has contracted with Alaric Compliance Services LLC (“Alaric”) to provide services with respect to the monitoring of the Trust’s compliance program pursuant to rule 38a-1 of the 1940 Act. Alaric has designated Peter Wilson as the Trust’s Chief Compliance Officer. For these services, the Trust pays Alaric a monthly fee, plus any out-of-pocket expenses. Each Fund pays a pro rata portion of the fees based on its share of the Fund’s average monthly net assets.

4.		Shares of Beneficial Interest:

		The Trust has an unlimited number of shares of beneficial interest, with a par value of $0.001, which may, without shareholder approval, be divided into an unlimited number of series of such shares and any series may be classified or reclassified into one or more classes. Shareholders are entitled to one vote for each full share held and will vote in the aggregate and not by class or series, except as otherwise expressly required by law or when the Board of Trustees has determined that the matter to be voted on affects only the interest of shareholders of a particular class or series. Establishment and offering of additional Funds will not alter the rights of the Trust’s shareholders. When issued, shares are fully paid, non-assessable, redeemable and freely transferable. In any liquidation of a Fund, each shareholder is entitled to receive his pro rata share of the net assets of that Fund.

5.		Securities Transactions:

		The cost of security purchases and the proceeds from the sale of securities (excluding short-term securities and U.S. Government securities) during the year ended October 31, 2007 were as follows:

	Purchases	Sales
NestEgg Dow Jones 2010 Fund	$ 2,995,677	$ 2,520,143
NestEgg Dow Jones 2015 Fund	6,565,377	7,832,113
NestEgg Dow Jones 2020 Fund	18,315,902	17,904,812
NestEgg Dow Jones 2030 Fund	13,779,500	14,375,376
NestEgg Dow Jones 2040 Fund	15,190,068	17,690,340

The cost of purchases and the proceeds from the sale of U.S. Government securities for the year ended October 31, 2007 were as follows:

	Purchases	Sales
NestEgg Dow Jones 2010 Fund	$ 907,956	$1,568,114
NestEgg Dow Jones 2015 Fund	1,650,714	3,140,029
NestEgg Dow Jones 2020 Fund	3,093,976	4,401,638
NestEgg Dow Jones 2030 Fund	1,229,052	1,329,358
NestEgg Dow Jones 2040 Fund	439,815	679,959

Continued

NestEgg Dow Jones Target Date Funds

6.		Federal Income Tax Information:

		At October 31, 2007, the cost, gross unrealized appreciation and gross unrealized depreciation on securities, for federal income tax purposes, were as follows:

		Tax Unrealized	Tax Unrealized	Net Unrealized
	Tax Cost	Appreciaton	Depreciation	Appreciation (Depreciation)
NestEgg Dow Jones 2010 Fund	$ 6,348,038	$ 330,631	$(104,216)	$ 226,415
NestEgg Dow Jones 2015 Fund	13,249,178	1,029,675	(282,045)	747,630
NestEgg Dow Jones 2020 Fund	32,829,769	3,161,145	(936,296)	2,224,849
NestEgg Dow Jones 2030 Fund	21,209,464	2,720,645	(826,425)	1,894,220
NestEgg Dow Jones 2040 Fund	21,694,176	3,255,911	(960,882)	2,295,029

The tax character of dividends paid to shareholders during the fiscal year ended October 31, 2007 was as follows:

	Dividends paid from
		Net Long-				Total
	Ordinary	Term	Total Taxable	Tax Exempt	Tax Return	Distributions
	Income	Gains	Distributions	Dividends	of Capital	Paid
NestEgg Dow Jones 2010 Fund	$285,484	$ 136,112	$ 421,596	$—	$—	$ 421,596
NestEgg Dow Jones 2015 Fund	640,297	705,567	1,345,864	—	—	1,345,864
NestEgg Dow Jones 2020 Fund	695,846	1,140,809	1,836,655	—	—	1,836,655
NestEgg Dow Jones 2030 Fund	645,729	1,933,649	2,579,378	—	—	2,579,378
NestEgg Dow Jones 2040 Fund	289,425	2,528,869	2,818,294	—	—	2,818,294

The tax character of dividends paid to shareholders during the fiscal year ended October 31, 2006 was as follows:

	Dividends paid from

		Net Long-				Total
	Ordinary	Term	Total Taxable	Tax Exempt	Tax Return	Distributions
	Income	Gains	Distributions	Dividends	of Capital	Paid
NestEgg Dow Jones 2010 Fund (a)	$220,217	$229,392	$449,609	$—	$—	$449,609
NestEgg Dow Jones 2015 Fund (b)	133,933	416,998	550,931	—	—	550,931
NestEgg Dow Jones 2020 Fund (c)	210,208	—	210,208	—	—	210,208
NestEgg Dow Jones 2030 Fund (d)	115,918	143,027	258,945	—	—	258,945
NestEgg Dow Jones 2040 Fund (e)	108,985	—	108,985	—	—	108,985

	a)		The name was changed during the 2007 fiscal year. Previous name was NestEgg Dow Jones U.S. 2010 Fund
	b)		The name was changed during the 2007 fiscal year. Previous name was NestEgg Dow Jones U.S. 2015 Fund
	c)		The name was changed during the 2007 fiscal year. Previous name was NestEgg Dow Jones U.S. 2020 Fund
	d)		The name was changed during the 2007 fiscal year. Previous name was NestEgg Dow Jones U.S. 2030 Fund
	e)		The name was changed during the 2007 fiscal year. Previous name was NestEgg Dow Jones U.S. 2040 Fund

As of October 31, 2007 the components of accumulated earnings on a tax basis were as follows:

						Total
	Undistributed	Undistributed			Unrealized	Accumulated
	Ordinary	Long-Term	Accumulated	Dividends	Appreciation	Earnings/
	Income	Capital Gains	Earnings	Payable	(Depreciaton)	(Deficit)
NestEgg Dow Jones 2010 Fund	$ 70,403	$ 94,596	$ 164,999	$17,894	$ 227,170	$ 374,275
NestEgg Dow Jones 2015 Fund	500,047	321,738	821,785	—	749,807	1,571,592
NestEgg Dow Jones 2020 Fund	1,033,437	962,505	1,995,942	—	2,224,901	4,220,843
NestEgg Dow Jones 2030 Fund	566,019	980,036	1,546,055	—	1,897,611	3,443,666
NestEgg Dow Jones 2040 Fund	559,512	1,145,612	1,705,124	—	2,295,900	4,001,024

7.		Other Information.

		‘‘Dow Jones,’’ “Dow Jones Indexes,“ “Dow Jones Target Date Indexes,” and ‘‘Dow Jones U.S. Target Date Indexes,’’ are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by American Independence Financial Services, LLC. The NestEgg Dow Jones Target Date Funds, based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product(s).

NestEgg Dow Jones Target Date Funds

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of
American Independence Funds Trust:

We have audited the accompanying statements of assets and liabilities of The American Independence Funds Trust (The “Trust”), including the NestEgg Dow Jones 2010 Fund, NestEgg Dow Jones 2015 Fund, NestEgg Dow Jones 2020 Fund, NestEgg Dow Jones 2030 Fund, and the NestEgg Dow Jones 2040 Fund (collectively the “Funds”), including the schedules of investments as of October 31, 2007, and the related statements of operations for the year ended and the statements of changes in net assets and financial highlights for each of the two years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. The financial highlights for each of the three years in the period ended October 31, 2005 were audited by other auditors. Those auditors expressed an unqualified opinion on those financial highlights in their report dated December 21, 2005.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the aforementioned funds of American Independence Funds Trust as of October 31, 2007, the results of their operations for the year then ended, and changes in their net assets and their financial highlights for each of the two years then ended, in conformity with accounting principles generally accepted in the United States of America.

Grant Thornton LLP

Chicago, Illinois
December 27, 2007

NestEgg Dow Jones Target Date Funds

Additional Fund Information (Unaudited)

The NestEgg Dow Jones Target Date Funds invested, as a percentage of net assets, in the following as of October 31, 2007:

NestEgg Dow Jones 2010 Fund
	% of Net
Portfolio Diversification	Assets
Government	33.3	%
Mortgage Securities	18.7
Financial	12.2
Consumer	7.7
Industrial	5.2
Investment Companies	6.5
Other	15.3
Total Investments	98.9	%
Other Assets in Excess of Liabilities	1.1
Net Assets	100.0	%

NestEgg Dow Jones 2015 Fund
	% of Net
Portfolio Diversification	Assets
Government	25.5	%
Mortgage Securities	14.7
Financial	14.7
Consumer	11.7
Investment Companies	7.7
Communications	5.6
Other	19.3
Total Investments	99.2	%
Other Assets in Excess of Liabilities	0.8
Net Assets	100.0	%

NestEgg Dow Jones 2020 Fund
	% of Net
Portfolio Diversification	Assets
Government	18.5	%
Mortgage Securities	10.0
Financial	14.7
Consumer	15.4
Investment Companies	11.6
Industrial	7.2
Other	21.9
Total Investments	99.3	%
Other Assets in Excess of Liabilities	0.7
Net Assets	100.0	%

NestEgg Dow Jones 2030 Fund
	% of Net
Portfolio Diversification	Assets
Consumer	19.1	%
Investment Companies	16.0
Financial	15.9
Industrial	9.4
Government	7.9
Communications	7.0
Other	24.2
Total Investments	99.5	%
Other Assets in Excess of Liabilities	0.5
Net Assets	100.0	%

NestEgg Dow Jones 2040 Fund
	% of Net
Portfolio Diversification	Assets
Consumer	17.4	%
Financial	17.1
Investment Companies	15.2
Industrial	10.4
Communications	7.9
Technology	7.2
Other	24.0
Total Investments	99.2	%
Other Assets in Excess of Liabilities	0.8
Net Assets	100.0	%

NestEgg Dow Jones Target Date Funds

Additional Fund Information (continued) (Unaudited)

Annual Approval of Investment Advisory Contract

At a meeting held on June 22, 2007, the Board of Trustees, including the Trustees who are not “interested persons” (as defined in the 1940 Act), approved an Investment Advisory Agreement and Amended Expense Limitation Agreement (the “Agreements”) between the Trust and American Independence Financial Services, LLC (“AIFS” or the “Adviser”) with respect to the NestEgg Dow Jones Funds. In determining whether to approve the Agreement, the Board considered information about the Adviser, the performance of the Funds’ portfolios and certain additional factors described below that the Board deemed relevant. The following summary describes certain of the materials and factors that the Board considered, and the conclusions the Board reached, in approving the Agreements.

In an Executive Session, the Trustees had discussed the responsibilities and fiduciary duties of the Trustees in connection with the approval of the Agreements, during which management answered questions from the Trustees. During the executive session, the Trustees reviewed a wide variety of information that they had requested and received from AIFS, and data and analysis from an outside data provider. The Trustees reviewed various industry trends and regulatory developments in their deliberations. In considering the continuation of the Agreements, and in evaluating the fairness of the compensation to be paid by the Funds under the Agreements, the Trustees considered the nature, extent and quality of the services to be provided by the Adviser. The Trustees reviewed the services the Adviser has historically provided to the Funds, and also generally to the other series of the Trust. These services include, among others, investment management services and administrative services, such as working with other service providers of the Trust, maintaining certain Fund records, providing office space, performing clerical and bookkeeping services for the Fund, preparing Board materials and Fund filings, and otherwise managing the Trust’s operations. AIFS is responsible for the day-to-day portfolio management of the Funds, including determining the composition of assets of the Funds and the timing of each Fund’s execution of the purchase and sale of assets.

The Trustees also considered the Adviser’s personnel, resources, operations and portfolio management capabilities. The Trustees received information about the Adviser’s supervision of the Funds’ service providers, the Adviser’s attention to its compliance program and those of the Trust. The Trustees also reviewed the investment performance of the Funds over various time periods and compared that performance to that of funds in groups that the Trustees concluded were appropriate comparison groups for the Funds. The Trustees considered the cost to AIFS and the profitability to the Adviser and its affiliates of the relationship with the Funds over various time periods and that in reviewing profitability information, the Trustees reviewed, among other things, information about the allocation of expenses among AIFS and its affiliates.

The Trustees discussed the extent to which economies of scale were projected by AIFS to be realized as the Funds’ assets, or the assets of the Trust overall, increase. The Trustees discussed the plans of management and those of its affiliates for marketing and distributing the shares of the various series of the Trust, taking note that AIFS had agreed to further reduce the Funds’ total operating expenses. The Trustees reviewed information about the potential effect of asset growth on Fund expenses, the difficulty of forecasting the effect of asset growth on the profitability of AIFS and its affiliates, and the management fee breakpoints applicable to the Funds and certain other funds in comparison groups. It was noted that, to the extent the Funds’ gross expenses currently were higher than their net expenses, the reduction of the Funds’ gross expenses through the achievement of economies of scale might benefit AIFS by reducing the expenses the Adviser must reimburse to the Funds rather than directly benefiting the Funds by reducing its net expenses.

The materials and other information discussed were considered by the Trustees throughout the past year during in-person and telephonic meetings, with personnel of AIFS, Fund counsel and third party consultants. The Trustees did not identify any particular information or any single factor that was controlling, or the particular weight any Trustee placed on any one factor for purposes of determining whether to vote for approval of the Agreements.

On the basis of their review, the Trustees, including all of the Non-Interested Trustees, unanimously concluded that each factor they considered, in the context of all the other factors they considered, favored renewal of the Agreements, and it was the unanimous judgment of the Trustees and the Non-Interested Trustees that approval of the Agreements was in the best interests of the Funds and their shareholders.

NestEgg Dow Jones Target Date Funds

INDEPENDENT TRUSTEES
				Number of Funds	Other
	Position(s)	Term of Office		in complex	Directorships
Name, Address	Held with	and Length of	Principal Occupation(s) During	Overseen by	Held by
and Age	Company	Time Served	Past Five Years	Trustee	Trustee
Terry L. Carter 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 57	Trustee	Indefinite	Retired	11	None

Joseph Hankin 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 66	Trustee	Indefinite	President, Westchester Community College since 1971	11	None

Jeffrey Haas 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 44	Trustee	Indefinite	Professor of Law, New York Law School 1996-Present	11	None

Thomas F. Kice 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 56	Trustee	Indefinite	President of Kice Industries, Inc.	11	None

George Mileusnic 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 51	Trustee	Indefinite	Chief Financial Officer of Caribou Coffee, Inc. (2001-Present). Chief Financial Officer of Dean and DeLuca (2000-2001). Executive Vice President of The Coleman Company (September 1989 - September 1998).	11	None

Peter Ochs 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 52	Trustee	Indefinite	Manager of Ochs & Associates, Inc.	11	None

Richard Wedemeyer 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 71	Trustee	Indefinite	Retired. Formerly Vice President Finance and Administration The Channel Corporation (June 1996-April 2002)	11	None
INTERESTED TRUSTEES
Ronald L. Baldwin 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 50	Trustee	Indefinite	Retired. From 1980 to 2005, Director INTRUST Financial Services, Inc. Director of INTRUST Brokerage, Inc., and Chief Operating Officer and President of INTRUST Bank, N.A.	11	None

John J. Pileggi 335 Madison Avenue, Mezzanine New York, NY 10017 Age: 48	Trustee	Indefinite	Managing Partner of American Independence Financial Services, LLC since 2004. Formerly President and Chief Executive Officer, Mercantile Capital Advisors Inc. (2002-2004). Formerly, President and Chief Executive Officer, PLUSFunds.com (2000-2002). Formerly, President and Chief Executive Officer of ING Mutual Fund Management Co. LLC (1998-2000).	11	None

NestEgg Dow Jones Target Date Funds

OFFICERS
				Number of Funds	Other
	Position(s)	Term of Office		in complex	Directorships
Name, Address	Held with	and Length of	Principal Occupation(s) During	Overseen by	Held by
and Age	Company	Time Served	Past Five Years	Trustee	Trustee
Eric Rubin Age: 41	President	7/2005 – Present	President, American Independence Financial Services, LLC (2/05-Present). Formerly Senior Vice President Mercantile Capital Advisers (4/03-4/04). Formerly Senior Vice President DST International (01/02-04/03). Formerly President EMR Financial Services (06/00-02/01). Formerly Senior Vice President ING Funds 06/98-12/99).	N/A	N/A

Susan Silva Age: 40	Treasurer	10/2007 – Present	Vice-President of Vastardis Fund Services LLC since August 2006; Treasurer of The FBR Funds from 2002 through 2006 and officer of FBR National Trust Company from 2001 through 2005	N/A	N/A

Peter W. Wilson Age: 30	Chief Compliance Officer	10/2007 – Present	Director of Alaric Compliance Services, LLC from 2007 to Present; Attorney, U.S. Army JAG Corps - 2003 to 2007	N/A	N/A

Theresa Donovan Age: 57	Secretary	7/2005 – Present	Senior Director Compliance and Administration American Independence Financial Services, LLC (05/05-Present). Formerly Senior Corporate Paralegal, Paul, Weiss, Rifkind, Wharton & Garrison, LLP (04/98-05/05).	N/A	N/A

Additional information regarding the Trustees and Officers may be found in the Trust’s Statement of Additional Information and is available, without charge, upon request, by calling 1-866-410-2006.

NestEgg Dow Jones Target Date Funds

Actual Expenses

		Beginning	Ending	Expenses Paid	Expense Ratio
		Account Value	Account Value	During Period*	During Period**
		5/1/07	10/31/07	5/1/07 - 10/31/07	5/1/07 - 10/31/07
NestEgg Dow Jones 2010 Fund	Institutional Class Shares	$1,000.00	$1,034.72	$4.28	0.83%
	Class A Shares	$1,000.00	$1,032.39	$6.74	1.32%
	Class C Shares	$1,000.00	$1,029.90	$9.31	1.82%
NestEgg Dow Jones 2015 Fund	Institutional Class Shares	$1,000.00	$1,040.68	$4.29	0.83%
	Class A Shares	$1,000.00	$1,038.97	$6.85	1.33%
	Class C Shares	$1,000.00	$1,036.47	$9.38	1.83%
NestEgg Dow Jones 2020 Fund	Institutional Class Shares	$1,000.00	$1,045.37	$4.39	0.85%
	Class A Shares	$1,000.00	$1,042.04	$6.93	1.35%
	Class C Shares	$1,000.00	$1,039.46	$9.51	1.85%
NestEgg Dow Jones 2030 Fund	Institutional Class Shares	$1,000.00	$1,049.63	$4.64	0.90%
	Class A Shares	$1,000.00	$1,048.24	$7.12	1.38%
	Class C Shares	$1,000.00	$1,043.72	$9.65	1.87%
NestEgg Dow Jones 2040 Fund	Institutional Class Shares	$1,000.00	$1,055.31	$4.68	0.90%
	Class A Shares	$1,000.00	$1,051.54	$7.24	1.40%
	Class C Shares	$1,000.00	$1,049.91	$9.77	1.89%

*		Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
**		Annualized.

NestEgg Dow Jones Target Date Funds

Hypothetical Example for Comparison Purposes

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

		Beginning	Ending	Expenses Paid	Expense Ratio
		Account Value	Account Value	During Period*	During Period**
		5/1/07	10/31/07	5/1/07 - 10/31/07	5/1/07 - 10/31/07
NestEgg Dow Jones 2010 Fund	Institutional Class Shares	$1,000.00	$1,020.95	$4.28	0.83%
	Class A Shares	$1,000.00	$1,018.49	$6.74	1.32%
	Class C Shares	$1,000.00	$1,015.92	$9.31	1.82%
NestEgg Dow Jones 2015 Fund	Institutional Class Shares	$1,000.00	$1,020.96	$4.29	0.83%
	Class A Shares	$1,000.00	$1,018.40	$6.85	1.33%
	Class C Shares	$1,000.00	$1,015.88	$9.38	1.83%
NestEgg Dow Jones 2020 Fund	Institutional Class Shares	$1,000.00	$1,020.86	$4.39	0.85%
	Class A Shares	$1,000.00	$1,018.34	$6.93	1.35%
	Class C Shares	$1,000.00	$1,015.77	$9.51	1.85%
NestEgg Dow Jones 2030 Fund	Institutional Class Shares	$1,000.00	$1,020.62	$4.64	0.90%
	Class A Shares	$1,000.00	$1,018.17	$7.12	1.38%
	Class C Shares	$1,000.00	$1,015.65	$9.65	1.87%
NestEgg Dow Jones 2040 Fund	Institutional Class Shares	$1,000.00	$1,020.60	$4.68	0.90%
	Class A Shares	$1,000.00	$1,018.07	$7.24	1.40%
	Class C Shares	$1,000.00	$1,015.56	$9.77	1.89%

*		Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
**		Annualized.

Investment Adviser and Administrator:
American Independence Financial Services, LLC
335 Madison Avenue, Mezzanine
New York, NY 10017

Custodian:
INTRUST Bank NA
105 North Main Street
Wichita, KS 67202

Transfer Agent:
Boston Financial Data Services, Inc.
2 Heritage Drive
Quincy, MA 02171

Distributor:
Foreside Distribution Services, L.P.
Ground Floor
Two Portland Square
Portland, ME 04101

Sub-Administrator:
Vastardis Fund Services LLC
41 Madison Avenue, 30^th Floor
New York, NY 10010

FOR ADDITIONAL INFORMATION, CALL:
1-866-410-2006

This material must be preceded or accompanied
by a current prospectus.

NE AR 103107

Item 2. Code of Ethics.

(a) The registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. This code of ethics is included as an Exhibit.

(b) During the period covered by the report, with respect to the registrant's code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions; there have been no amendments to, nor any waivers granted from, a provision that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item 2.

Item 3. Audit Committee Financial Expert.

3(a)(1) The registrant's board of directors has determined that the registrant has at least one audit committee financial expert serving on its audit committee.

3(a)(2) The audit committee financial expert is Mr. George Mileusnic, who is “independent” for purposes of this Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

			Grant Thornton LLP served as the Trust’s independent registered public accounting firm for 2006 and 2007.

	(a)		AUDIT FEES: The aggregate fees paid and accrued by the Registrant for professional services rendered by its independent auditors, Grant Thornton LLP, for the audit of the Registrant’s annual financial statements for 2007 and 2006 were $139,700 and $113,750, respectively.
	(b)		AUDIT RELATED FEES: No such fees were billed to the Registrant by Grant Thornton LLP for 2007 and 2006.
	(c)		TAX FEES: The aggregate fees paid or accrued by the Registrant for professional services rendered by Grant Thornton LLP for the review of Form 1120-RIC, Form 8613, Form CT-3, Form CT-3M/4M, Form NYC 3L, review of excise tax distribution calculations, IRS diversification testing and preparation of estimated tax reporting factors for 2007 and 2006 were $38,500 and $32,750, respectively.
	(d)		ALL OTHER FEES: There were no such other fees billed to the Registrant by Grant Thornton LLP for 2007 and 2006.
	(e)		(1) AUDIT COMMITTEE PRE-APPROVAL POLICY: The Registrant’s Audit Committee shall have, among other things, the following specific duties and responsibilities (1) to pre-approve all audit services to be provided to the Trust by the Trust’s independent auditors and (2) to pre-approve all permitted non-audit services, including tax services, to be provided to the Trust by the independent auditors. The Audit Committee may delegate to one or more members the authority to grant such pre-approvals. The actions taken by such member or members shall be reported to the full Audit Committee.
			(2) Not applicable.
	(f)		Not applicable.
	(g)		There were no non-audit services fees billed by the Registrant’s accountant to the Registrant other than those described above. There were no non-audit services fees billed by the Registrant’s accountant to the Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the Registrant over the past two years.
	(h)		Not applicable.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Schedule of Investments

The Schedules of Investments has been provided under Item 1 of this Form N-CSR for the following American Independence Funds: Stock Fund, Financial Services Fund, International Fund, Short-Term Bond Fund, Intermediate Bond Fund and Kansas Tax-Exempt Fund. The full Schedules of Investments for the NestEgg Dow Jones Series are provided below.

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
COMMON STOCKS (23.3%)
BASIC MATERIALS (1.4%)
Acerinox SA.	4	118
Agnico-Eagle Mines Ltd.	3	171
Agrium Inc.	3	191
Air Products & Chemicals Inc.	6	587
Air Water Inc.	9	101
Airgas Inc.	26	1312
AK Steel Holding Corp. (b)	41	2055
Akzo Nobel NV.	4	322
Albemarle Corp.	12	573
Alcan Inc.	5	503
Alcoa Inc.	26	1029
Allegheny Technologies Inc.	15	1533
Alumina Ltd.	38	236
Antofagasta PLC.	7	122
Arcelormittal.	12	963
Arkema.	2	136
Asahi Kasei Corp.	46	349
Ashland Inc.	10	587
Barrick Gold Corp.	13	578
BASF AG.	8	1110
Bayer AG.	12	1000
BHP Billiton Ltd.	111	4766
BHP Billiton PLC.	36	1371
BlueScope Steel Ltd.	24	237
Boehler-Uddeholm AG.	1	106
Cabot Corp.	11	385
Cameco Corp.	5	246
Carpenter Technology Corp.	10	1449
Celanese Corp.	29	1217
Chemtura Corp.	44	410
Ciba Specialty Chemicals AG.	2	99
Clariant AG.	7	89
Cleveland-Cliffs Inc.	15	1435
Cytec Industries Inc.	16	1067
Daicel Chemical Industries Ltd.	16	117
Daido Steel Co Ltd.	15	101
Dainippon Ink and Chemicals In.	28	133
Denki Kagaku Kogyo K K.	22	129
Domtar Corp. (b)	108	927
Dow Chemical Co/The.	26	1171
DOWA HOLDINGS CO LTD.	10	116
Eastman Chemical Co.	15	999
Ecolab Inc.	28	1321
EI Du Pont de Nemours & Co.	27	1337
Energy Resources of Australia.	6	121
Equinox Minerals Ltd.	28	153
Ferro Corp.	23	477
First Quantum Minerals Ltd.	1	108
FMC Corp.	28	1610
Fortescue Metals Group Ltd.	4	186
Georgia Gulf Corp.	26	315
Goldcorp Inc.	11	387
Gunns Ltd.	37	130
HB Fuller Co.	36	1059
Hercules Inc.	69	1298
Hitachi Chemical Co Ltd.	5	122

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hitachi Metals Ltd.	9	116
	Hokuetsu Paper Mills Ltd.	21	99
	HudBay Minerals Inc.	4	115
	Huntsman Corp.	16	421
	Iamgold Corp.	13	114
	Iluka Resources Ltd.	21	85
	Imperial Chemical Industries P.	17	233
	Inmet Mining Corp.	1	107
	International Flavors & Fragra.	15	783
	International Paper Co.	13	480
	Ivanhoe Mines Ltd/CA.	8	110
	JFE Holdings Inc.	20	1160
	Johnson Matthey PLC.	3	111
	JSR Corp.	7	180
	Jubilee Mines NL.	8	175
	K+S AG.	1	209
	Kagara Zinc Ltd.	19	118
	Kaneka Corp.	13	115
	Kansai Paint Co Ltd.	12	89
	Kazakhmys PLC.	4	123
	Kingboard Chemical Holdings Lt.	19	124
	Kinross Gold Corp.	9	178
	Kobe Steel Ltd.	103	367
	Koninklijke DSM NV.	3	170
	Lanxess AG.	2	99
	Lee & Man Paper Manufacturing.	25	99
	Lihir Gold Ltd. (b)	60	231
	Linde AG.	2	253
	Lintec Corp.	5	98
	Lonmin Plc.	2	143
	Lonza Group AG.	1	116
	Louisiana-Pacific Corp.	25	412
	Lubrizol Corp.	13	882
	Lundin Mining Corp.	8	108
	MeadWestvaco Corp.	34	1144
	Meridian Gold Inc.	19	778
	Methanex Corp.	4	122
	Minara Resources Ltd.	20	121
	Minerals Technologies Inc.	7	492
	Mitsubishi Chemical Holdings C.	45	369
	Mitsubishi Gas Chemical Co Inc.	15	148
	Mitsubishi Materials Corp.	41	237
	Mitsui Chemicals Inc.	26	242
	Mitsui Mining & Smelting Co Lt.	22	92
	Monsanto Co.	23	2245
	Mount Gibson Iron Ltd. (b)	85	235
	Neenah Paper Inc.	5	170
	Newcrest Mining Ltd.	11	332
	Newmont Mining Corp.	17	865
	Nihon Parkerizing Co Ltd.	6	64
	Nine Dragons Paper Holdings Lt.	38	102
	Nippon Kayaku Co Ltd.	12	96
	Nippon Light Metal Co Ltd.	42	86
	Nippon Paint Co Ltd.	21	116
	Nippon Shokubai Co Ltd.	12	118
	Nippon Steel Corp.	220	1447
	Nippon Yakin Kogyo Co Ltd.	9	85
	Nissan Chemical Industries Ltd.	9	123
	Nisshin Steel Co Ltd.	28	106
	Nitto Denko Corp.	5	242
	NOF Corp.	23	95
	Norske Skogindustrier ASA.	8	88
	Nova Chemicals Corp.	3	109
	Nufarm Ltd.	10	145
	OJI Paper Co Ltd.	33	150

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Olin Corp.	35	797
	OneSteel Ltd.	37	237
	Orica Ltd.	10	288
	OSAKA Titanium Technologies Co.	1	86
	Outokumpu OYJ.	3	112
	Oxiana Ltd.	50	196
	Pacific Metals Co Ltd.	6	75
	Paladin Energy Ltd.	18	137
	PaperlinX Ltd.	40	103
	Plum Creek Timber Co Inc.	32	1429
	Potash Corp of Saskatchewan.	5	622
	PPG Industries Inc.	5	374
	Praxair Inc.	14	1197
	Rautaruukki OYJ.	2	114
	Rayonier Inc.	14	676
	Reliance Steel & Aluminum Co.	11	642
	Rengo Co Ltd.	20	143
	Rio Tinto Ltd.	11	1127
	Rio Tinto PLC.	16	1494
	Rohm & Haas Co.	33	1712
	RPM International Inc.	72	1543
	RTI International Metals Inc. (b)	9	704
	Salzgitter AG.	1	197
	Schulman A Inc.	13	307
	Sensient Technologies Corp.	24	717
	SGL Carbon AG. (b)	2	117
	Shin-Etsu Chemical Co Ltd.	13	827
	Showa Denko KK.	39	152
	Sigma-Aldrich Corp.	17	878
	Silver Standard Resources Inc.	3	128
	Smurfit-Stone Container Corp.	46	557
	Solvay SA.	1	152
	Southern Copper Corp.	2	279
	Ssab Svenskt Stal AB.	3	97
	Steel Dynamics Inc.	20	1064
	Stillwater Mining Co.	24	267
	Stora Enso Oyj.	9	165
	Sumitomo Bakelite Co Ltd.	15	91
	Sumitomo Chemical Co Ltd.	55	486
	Sumitomo Forestry Co Ltd.	12	89
	Sumitomo Metal Industries Ltd.	145	708
	Sumitomo Metal Mining Co Ltd.	19	418
	Syngenta AG.	2	480
	Taiyo Nippon Sanso Corp.	13	115
	Teck Cominco Ltd.	7	351
	Temple-Inland Inc.	17	912
	ThyssenKrupp AG.	6	399
	Titanium Metals Corp.	11	387
	Toagosei Co Ltd.	28	98
	Toho Titanium Co Ltd.	3	108
	Tokai Carbon Co Ltd.	10	124
	Tokuyama Corp.	9	125
	Tokyo Ohka Kogyo Co Ltd.	5	102
	Tokyo Steel Manufacturing Co L.	7	96
	Tosoh Corp.	20	127
	Ube Industries Ltd/Japan.	36	128
	United States Steel Corp.	23	2482
	UPM-Kymmene Oyj.	8	179
	Uranium One Inc.	9	100
	USEC Inc. (b)	29	255
	Valspar Corp.	56	1402
	Vedanta Resources PLC.	3	137
	Voestalpine AG.	2	180
	Vulcan Materials Co.	13	1112
	Wausau Paper Corp.	31	310

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Weyerhaeuser Co.	6	455
	Xstrata PLC.	10	717
	Yamana Gold Inc.	10	151
	Yamato Kogyo Co Ltd.	2	92
	Yara International ASA.	4	155
	Yodogawa Steel Works Ltd.	19	102
	Zeon Corp.	10	93
	Zinifex Ltd.	16	248
			90,983

COMMUNICATIONS (2.3%)
	3Com Corp.	69	337
	Adaptec Inc.	65	229
	Aegis Group Plc.	42	110
	Akamai Technologies Inc.	25	980
	Alcatel-Lucent.	36	349
	Alltel Corp.	10	712
	Amazon.Com Inc.	12	1070
	American Tower Corp. (b)	16	707
	Andrew Corp.	37	542
	Anixter International Inc. (b)	12	862
	APN News & Media Ltd.	22	110
	Ariba Inc.	49	634
	Asatsu-DK Inc.	3	100
	AT&T Inc.	163	6812
	BCE Inc.	13	567
	Belgacom SA.	3	143
	Belo Corp.	23	426
	Black Box Corp.	13	520
	British Sky Broadcasting Group.	17	240
	BT Group PLC.	133	902
	Cable & Wireless PLC.	38	154
	Cablevision Systems Corp. (b)	35	1027
	CBS Corp.	15	431
	C-COR Inc.	23	282
	CenturyTel Inc.	19	837
	Charter Communications Inc.	144	298
	Check Point Software Technolog.	35	884
	Checkfree Corp.	9	428
	China Mobile Ltd.	138	2796
	China Netcom Group Corp Hong K.	64	195
	China Unicom Ltd.	197	473
	Ciena Corp.	32	1531
	Cincinnati Bell Inc. (b)	130	705
	Cisco Systems Inc.	259	8563
	Citizens Communications Co.	63	829
	Clear Channel Communications I.	13	491
	CNET Networks Inc.	93	751
	Cogeco Cable Inc.	2	104
	Comcast Corp. (b)	131	2748
	CommScope Inc.	23	1085
	Corning Inc.	67	1626
	Corus Entertainment Inc.	2	105
	Cosmote Mobile Telecommunicati.	4	138
	Crown Castle International Cor.	43	1766
	CTC Media Inc.	9	226
	Daily Mail & General Trust.	7	89
	Deutsche Telekom AG.	46	943
	Digital River Inc.	16	849
	DIRECTV Group Inc/The. (b)	31	821
	Discovery Holding Co.	55	1568
	Earthlink Inc.	65	514
	eBay Inc.	51	1841
	EchoStar Communications Corp. (b)	32	1567
	Elisa OYJ.	4	119

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Emap PLC.	6	109
	Embarq Corp.	28	1482
	Eniro AB.	9	115
	Entercom Communications Corp.	17	315
	Equinix Inc.	12	1400
	Ericsson.	228	682
	Expedia Inc.	41	1339
	Extreme Networks.	77	337
	F5 Networks Inc.	32	1153
	Fairfax Media Ltd.	44	194
	Foxconn International Holdings.	62	171
	France Telecom SA.	27	996
	Gannett Co Inc.	7	297
	Gestevision Telecinco SA.	4	115
	GN Store Nord.	9	96
	Google Inc.	10	7070
	Hakuhodo DY Holdings Inc.	2	145
	Harmonic Inc.	54	665
	Harris Corp.	21	1272
	Harte-Hanks Inc.	33	582
	Hellenic Telecommunications Or.	5	183
	Hitachi Kokusai Electric Inc.	8	104
	HLTH Corp.	31	437
	Hutchison Telecommunications I.	87	123
	Idearc Inc.	27	728
	IDT Corp.	34	273
	Iliad SA.	1	105
	Independent News & Media PLC.	24	88
	Informa PLC.	10	111
	Infospace Inc.	11	213
	Inmarsat PLC.	13	139
	InterDigital Inc.	12	258
	Interpublic Group of Cos Inc. (b)	96	994
	Interwoven Inc.	19	270
	ITV PLC.	52	107
	j2 Global Communications Inc.	18	606
	JC Decaux SA.	3	110
	JDS Uniphase Corp.	33	503
	John Wiley & Sons Inc.	18	792
	Johnston Press PLC.	14	87
	Juniper Networks Inc.	26	936
	Lagardere SCA.	2	169
	Lamar Advertising Co.	11	588
	Leap Wireless International In.	8	570
	Lee Enterprises Inc.	21	337
	Liberty Global Inc.	73	2760
	Liberty Media Corp - Capital.	5	625
	Liberty Media Corp - Interacti.	25	531
	Matsui Securities Co Ltd.	13	102
	McClatchy Co.	30	498
	McGraw-Hill Cos Inc/The.	13	651
	Media General Inc.	10	280
	Mediaset SpA.	11	114
	Meredith Corp.	14	872
	Mobistar SA.	1	90
	Modern Times Group AB.	2	141
	Motorola Inc.	99	1860
	MRV Communications Inc.	79	224
	NetFlix Inc.	20	529
	NeuStar Inc.	11	376
	New York Times Co/The.	26	509
	News Corp.	96	2102
	NII Holdings Inc.	26	1508
	Nokia OYJ.	60	2377
	NutriSystem Inc.	12	361

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Oki Electric Industry Co Ltd.	56	95
	Openwave Systems Inc.	33	131
	PagesJaunes Groupe SA.	5	110
	PCCW Ltd.	175	112
	Pearson PLC.	12	199
	Plantronics Inc.	25	684
	Polycom Inc.	16	448
	Portugal Telecom SGPS SA.	14	188
	Premiere AG.	4	82
	priceline.com Inc.	13	1210
	ProSiebenSat.1 Media AG.	3	88
	PT Multimedia Servicos de Tele.	2	34
	Publicis Groupe.	2	81
	Publishing & Broadcasting Ltd.	14	272
	Qualcomm Inc.	71	3034
	Qwest Communications Internati. (b)	73	524
	Radio One Inc.	47	164
	RCN Corp.	17	248
	RealNetworks Inc.	67	486
	Reed Elsevier NV.	10	193
	Reed Elsevier PLC.	20	261
	Reuters Group PLC.	19	261
	RF Micro Devices Inc.	102	634
	RH Donnelley Corp. (b)	11	603
	Rogers Communications Inc.	7	357
	Royal KPN NV.	28	528
	S1 Corp.	26	219
	Sanoma-WSOY Oyj.	3	87
	SAVVIS Inc.	13	491
	SBA Communications Corp.	36	1282
	Schibsted ASA.	2	114
	Scholastic Corp.	18	712
	Seat Pagine Gialle SpA.	194	113
	Seek Ltd.	15	130
	SES.	5	123
	Seven Network Ltd.	11	140
	Shaw Communications Inc.	6	168
	Sinclair Broadcast Group Inc.	34	409
	Singapore Press Holdings Ltd.	52	165
	SingTel.	175	494
	Sirius Satellite Radio Inc.	204	685
	Societe Television Francaise 1.	3	83
	Softbank Corp.	24	555
	SonicWALL Inc.	46	476
	Southern Cross Broadcasting Au.	7	113
	Sprint Nextel Corp.	75	1282
	StarHub Ltd.	60	129
	Sycamore Networks Inc.	125	534
	Symantec Corp.	36	676
	Tandberg ASA.	5	127
	Tekelec.	42	554
	Tele2 AB.	6	141
	Telecom Corp of New Zealand Lt.	58	194
	Telecom Italia SpA.	262	771
	Telefonica SA.	66	2178
	Telekom Austria AG.	5	143
	Telenor ASA.	12	282
	Telephone & Data Systems Inc.	18	1221
	Television Broadcasts Ltd.	16	103
	TeliaSonera AB.	28	275
	Tellabs Inc.	73	643
	Telstra Corp Ltd.	119	519
	TELUS Corp.	5	299
	Tencent Holdings Ltd.	24	203
	Thomson Corp/The.	3	142

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	TIBCO Software Inc.	110	1010
	Time Warner Inc.	164	2995
	Time Warner Telecom Inc.	25	581
	Tokyo Broadcasting System Inc.	4	106
	Trend Micro Inc.	4	177
	Tribune Co.	17	514
	Trinity Mirror Plc.	10	84
	United Internet AG.	6	131
	United Online Inc.	35	616
	US Cellular Corp.	3	282
	Valueclick Inc.	38	1033
	Valuevision Media Inc.	21	109
	Verizon Communications Inc.	78	3593
	Viacom Inc.	23	950
	Vignette Corp.	20	345
	Virgin Media Inc.	42	929
	Vivendi.	18	810
	Vodafone Group PLC.	812	3192
	VTech Holdings Ltd.	12	102
	Walt Disney Co/The.	77	2667
	Washington Post Co/The.	1	849
	Websense Inc.	14	258
	West Australian Newspapers Hol.	9	117
	Westwood One Inc.	50	107
	Windstream Corp.	87	1170
	Wolters Kluwer NV.	5	157
	WPP Group PLC.	19	259
	XM Satellite Radio Holdings In.	47	624
	Yahoo! Inc.	54	1679
	Yell Group PLC.	12	114
	Yellow Pages Income Fund.	9	136
			150,710

CONSUMER GOODS (0.3%)
	PepsiCo Inc.	69	5087
	Procter & Gamble Co.	133	9246
	Toyota Motor Corp.	100	5694
			20,027

CONSUMER, CYCLICAL (2.4%)
	99 Cents Only Stores.	32	344
	Abercrombie & Fitch Co.	15	1188
	Accor SA.	3	286
	ACE Aviation Holdings Inc.	4	126
	Adidas AG.	3	199
	Aeon Co Ltd.	26	407
	Aeropostale Inc.	28	641
	Air France-KLM.	3	114
	Aisin Seiki Co Ltd.	7	285
	Alaska Air Group Inc. (b)	30	762
	Alimentation Couche Tard Inc.	6	130
	All Nippon Airways Co Ltd.	29	111
	Amer Sports OYJ.	4	106
	American Axle & Manufacturing.	23	632
	AMR Corp. (b)	41	984
	AnnTaylor Stores Corp.	11	341
	Aoyama Trading Co Ltd.	4	104
	Applebees International Inc.	43	1090
	Aristocrat Leisure Ltd.	16	155
	ArvinMeritor Inc.	37	549
	Asics Corp.	8	126
	Autogrill SpA.	5	100
	AutoNation Inc.	26	460
	Autozone Inc.	7	871
	Barratt Developments PLC.	6	81

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Bayerische Motoren Werke AG.	7	446
	Beazer Homes USA Inc.	17	191
	Bed Bath & Beyond Inc.	13	441
	Bellway PLC.	4	89
	Berkeley Group Holdings PLC.	3	106
	Best Buy Co Inc.	15	728
	Big Lots Inc. (b)	21	504
	Billabong International Ltd.	8	112
	BJ's Wholesale Club Inc.	12	430
	Blockbuster Inc. (b)	78	410
	Bob Evans Farms Inc.	19	535
	Borders Group Inc.	31	478
	BorgWarner Inc.	10	1057
	Bosch Corp.	21	109
	Boyd Gaming Corp.	9	376
	Bridgestone Corp.	23	505
	Brightpoint Inc.	34	551
	Brinker International Inc.	23	584
	British Airways PLC. (b)	13	120
	Brunswick Corp/DE.	18	402
	Bulgari SpA.	7	109
	Burberry Group PLC.	8	102
	Callaway Golf Co.	36	624
	Canadian Tire Corp Ltd.	1	92
	Canon Marketing Japan Inc.	6	117
	Carmax Inc.	33	689
	Carnival Corp.	13	624
	Carnival PLC.	3	140
	Carphone Warehouse Group PLC.	15	109
	Casey's General Stores Inc.	30	855
	Cathay Pacific Airways Ltd.	41	121
	Cato Corp/The.	20	402
	Charming Shoppes Inc. (b)	66	490
	Cheesecake Factory/The.	26	583
	China Travel International Inv.	162	129
	Choice Hotels International In.	4	155
	Christopher & Banks Corp.	24	329
	Cia de Distribucion Integral L.	1	78
	Circuit City Stores Inc.	38	301
	Citizen Holdings Co Ltd.	13	140
	Coach Inc.	16	585
	Coldwater Creek Inc.	14	125
	Coles Group Ltd.	35	526
	Compagnie Financiere Richemont.	8	571
	Compass Group PLC.	31	223
	Continental AG.	2	302
	Continental Airlines Inc.	18	618
	Cooper Tire & Rubber Co.	32	713
	Corporate Express.	8	89
	Costco Wholesale Corp.	17	1143
	CROCS Inc.	28	2093
	CVS Caremark Corp.	61	2548
	Daihatsu Motor Co Ltd.	11	116
	Daimler AG.	15	1663
	Daiwa House Industry Co Ltd.	20	283
	David Jones Ltd.	22	101
	DCM Japan Holdings Co Ltd.	12	92
	Debenhams PLC.	44	104
	Delta Air Lines Inc.	41	853
	Denso Corp.	17	685
	Denway Motors Ltd.	231	161
	Deutsche Lufthansa AG.	4	118
	Dick's Sporting Goods Inc.	32	1068
	Dillard's Inc.	35	806
	Don Quijote Co Ltd.	5	101

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	DR Horton Inc.	50	635
	Dress Barn Inc.	31	508
	DSG International PLC.	34	92
	easyJet PLC.	10	138
	EDION Corp.	10	114
	Esprit Holdings Ltd.	34	562
	Ethan Allen Interiors Inc.	16	494
	Family Dollar Stores Inc.	28	710
	FamilyMart Co Ltd.	4	116
	Fast Retailing Co Ltd.	3	172
	Fastenal Co.	22	979
	Faurecia.	1	86
	Fiat SpA.	15	462
	Foot Locker Inc.	29	432
	Ford Motor Co. (b)	87	772
	Fred's Inc.	25	265
	Fuji Heavy Industries Ltd.	23	119
	Furniture Brands International.	24	289
	Futaba Industrial Co Ltd.	4	112
	Galaxy Entertainment Group Ltd. (b)	106	115
	GameStop Corp.	23	1362
	Gaylord Entertainment Co. (b)	15	817
	General Motors Corp.	15	588
	Genesco Inc.	10	462
	Genuine Parts Co.	33	1619
	Gildan Activewear Inc.	3	137
	GKN PLC.	14	107
	GOME Electrical Appliances Hol.	67	150
	Grafton Group PLC.	8	89
	Group 1 Automotive Inc.	16	497
	Guess ? Inc.	8	411
	Gunze Ltd.	20	96
	Gymboree Corp.	14	476
	H2O Retailing Corp.	11	91
	Hagemeyer NV.	20	136
	Hanwa Co Ltd.	21	106
	Harman International Industrie.	10	842
	Harvey Norman Holdings Ltd.	29	183
	Hasbro Inc.	26	776
	Haseko Corp.	41	98
	Hennes & Mauritz AB.	8	533
	Herman Miller Inc.	8	218
	Hermes International.	1	131
	Hino Motors Ltd.	15	108
	Hitachi High-Technologies Corp.	4	89
	Home Depot Inc.	42	1323
	Home Retail Group PLC.	14	127
	Honda Motor Co Ltd.	60	2236
	Hongkong & Shanghai Hotels/The.	65	120
	HOT Topic Inc.	29	222
	Iberia Lineas Aereas de Espana.	23	117
	Ihop Corp.	6	380
	Imperial Hotel Ltd.	2	101
	Inchcape Plc.	11	108
	Inditex SA.	4	297
	Ingram Micro Inc.	27	573
	Insight Enterprises Inc.	33	912
	Interface Inc.	20	383
	International Game Technology.	13	567
	International Speedway Corp.	12	533
	Isetan Co Ltd.	7	94
	Isuzu Motors Ltd.	51	251
	ITOCHU Corp.	52	649
	Izumi Co Ltd.	7	104
	J Crew Group Inc.	16	598

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	J Front Retailing Co Ltd.	27	242
	Jack in the Box Inc.	24	753
	Jakks Pacific Inc.	18	477
	Japan Airlines Corp.	56	126
	Jardine Cycle & Carriage Ltd.	10	145
	JB Hi-Fi Ltd.	11	168
	JetBlue Airways Corp.	37	338
	JFE Shoji Holdings Inc.	14	107
	Johnson Controls Inc.	30	1312
	Jones Apparel Group Inc.	20	419
	JTEKT Corp.	7	133
	Juki Corp.	12	101
	Kayaba Industry Co Ltd.	21	120
	KB Home.	14	387
	Kellwood Co.	14	232
	Kesa Electricals PLC.	16	106
	Kingfisher PLC.	36	148
	Kloeckner & Co AG.	1	53
	Kohl's Corp.	11	605
	Koito Manufacturing Co Ltd.	9	125
	Kokuyo Co Ltd.	10	88
	Komeri Co Ltd.	4	101
	Krispy Kreme Doughnuts Inc.	38	122
	K's Holdings Corp.	4	86
	Kuraray Co Ltd.	12	155
	Ladbrokes PLC.	13	111
	Las Vegas Sands Corp.	4	531
	Lawson Inc.	3	103
	La-Z-Boy Inc.	35	276
	Lear Corp. (b)	38	1350
	Lennar Corp.	23	526
	Li & Fung Ltd.	72	338
	Li Ning Co Ltd.	45	167
	Life Time Fitness Inc.	12	728
	Lifestyle International Holdin.	54	148
	Liz Claiborne Inc.	19	541
	Longs Drug Stores Corp.	12	630
	Lottomatica SpA.	3	107
	Lowe's Cos Inc.	63	1694
	Macy's Inc.	14	448
	Magna International Inc.	2	190
	Marks & Spencer Group PLC.	26	353
	Marriott International Inc/DE.	13	534
	Marubeni Corp.	53	449
	Marui Group Co Ltd.	11	114
	Matsushita Electric Industrial.	71	1348
	Mattel Inc.	77	1609
	Mazda Motor Corp.	31	185
	McDonald's Corp.	32	1910
	McDonald's Japan.	6	104
	Men's Wearhouse Inc.	18	761
	Meritage Homes Corp. (b)	13	209
	MGM Mirage. (b)	4	366
	Michelin.	2	268
	Mitchells & Butlers PLC.	7	97
	Mitsubishi Corp.	53	1631
	Mitsubishi Logistics Corp.	7	100
	Mitsubishi Motors Corp. (b)	128	250
	Mitsubishi Rayon Co Ltd.	20	113
	Mitsui & Co Ltd.	57	1457
	Mitsukoshi Ltd.	23	106
	Modine Manufacturing Co.	17	395
	Monaco Coach Corp.	13	151
	MSC Industrial Direct Co.	18	877
	Nagase & Co Ltd.	9	100

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Namco Bandai Holdings Inc.	8	123
	Nautilus Inc.	21	135
	Newell Rubbermaid Inc.	51	1487
	Next PLC.	3	138
	NGK Spark Plug Co Ltd.	6	100
	NHK Spring Co Ltd.	12	102
	Nintendo Co Ltd.	4	2493
	Nippon Seiki Co Ltd.	4	93
	Nissan Motor Co Ltd.	83	954
	Nisshinbo Industries Inc.	9	122
	Nitori Co Ltd.	2	91
	NOK Corp.	5	110
	Nokian Renkaat OYJ.	3	113
	Nordstrom Inc.	10	394
	Nu Skin Enterprises Inc.	29	501
	Okamura Corp.	12	108
	Onward Holdings Co Ltd.	9	92
	OPAP SA.	3	123
	O'Reilly Automotive Inc.	18	594
	Oriental Land Co Ltd.	2	119
	Orient-Express Hotels Ltd.	16	1037
	Oshkosh Truck Corp.	11	596
	Pacific Sunwear Of California.	37	619
	Panera Bread Co.	14	574
	Parkson Retail Group Ltd.	14	159
	Penn National Gaming Inc.	11	679
	PEP Boys-Manny Moe & Jack.	22	324
	Persimmon PLC.	5	109
	PetSmart Inc.	21	629
	Peugeot SA.	3	278
	PF Chang's China Bistro Inc.	9	262
	Phillips-Van Heusen.	21	1004
	Pier 1 Imports Inc. (b)	54	275
	Pinnacle Entertainment Inc. (b)	22	642
	Pioneer Corp.	8	89
	Pirelli & C SpA.	95	121
	Point Inc.	2	100
	Polo Ralph Lauren Corp.	8	550
	Pool Corp.	19	448
	PPR.	1	198
	Praktiker Bau- und Heimwerkerm.	2	72
	Punch Taverns PLC.	5	105
	Qantas Airways Ltd.	32	176
	Quiksilver Inc.	66	891
	RadioShack Corp.	25	516
	Reece Australia Ltd.	5	132
	Regal Entertainment Group.	47	1061
	Regis Corp.	17	571
	Renault SA.	3	504
	Rite Aid Corp. (b)	83	325
	RONA Inc.	5	113
	Ross Stores Inc.	25	676
	Royal Caribbean Cruises Ltd.	28	1201
	Ruby Tuesday Inc.	32	511
	Ryland Group Inc.	11	313
	Ryohin Keikaku Co Ltd.	2	126
	Saks Inc.	75	1587
	Sally Beauty Holdings Inc.	57	527
	Sankyo Co Ltd.	3	127
	Sanyo Shokai Ltd.	13	82
	Scientific Games Corp.	11	398
	Sears Holdings Corp.	2	270
	Sega Sammy Holdings Inc.	8	110
	Sekisui Chemical Co Ltd.	16	109
	Sekisui House Ltd.	19	242

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Select Comfort Corp.	13	149
	Seven & I Holdings Co Ltd.	21	539
	Shangri-La Asia Ltd.	47	149
	Shimachu Co Ltd.	4	114
	Shimamura Co Ltd.	1	97
	Shimano Inc.	3	109
	Shoppers Drug Mart Corp.	3	176
	Singapore Airlines Ltd.	16	217
	Six Flags Inc. (b)	50	162
	Sky City Entertainment Group L.	29	120
	Skywest Inc.	33	901
	Sodexho Alliance SA.	2	144
	Sojitz Corp.	31	140
	Sonae SGPS SA.	37	108
	Sony Corp.	33	1613
	Southwest Airlines Co.	31	441
	St Marc Holdings Co Ltd.	2	98
	Staples Inc.	28	654
	Starbucks Corp.	32	854
	Starwood Hotels & Resorts Worl.	8	455
	Station Casinos Inc.	7	629
	Steelcase Inc.	28	500
	Stein Mart Inc.	20	131
	Stockmann Oyj Abp.	2	100
	Sumitomo Corp.	41	705
	Sumitomo Rubber Industries Inc.	9	109
	Sumitomo Warehouse Co Ltd/The.	18	103
	Superior Industries Internatio.	14	283
	Suzuki Motor Corp.	15	489
	Swatch Group AG.	2	126
	TABCORP Holdings Ltd.	17	246
	Takashimaya Co Ltd.	10	121
	Takata Corp.	3	106
	Talbots Inc.	16	235
	Target Corp.	33	2025
	Tattersall's Ltd.	42	164
	Taylor Wimpey PLC.	18	93
	Tech Data Corp.	33	1298
	Teijin Ltd.	31	149
	Thomson.	7	122
	Tim Hortons Inc.	4	153
	TJX Cos Inc.	18	521
	Tod's SpA.	1	84
	Toho Co Ltd/Tokyo.	6	119
	Tokai Rika Co Ltd.	4	117
	Tokyo Style Co Ltd.	9	103
	Toll Brothers Inc.	25	573
	Toray Industries Inc.	46	352
	Toro Co.	15	835
	TOTO Ltd.	13	94
	Toyo Tire & Rubber Co Ltd.	23	134
	Toyobo Co Ltd.	40	94
	Toyoda Gosei Co Ltd.	3	107
	Toyota Boshoku Corp.	4	130
	Toyota Tsusho Corp.	8	223
	Tractor Supply Co.	13	539
	Triarc Cos Inc.	25	280
	Tuesday Morning Corp.	14	107
	TUI AG.	4	117
	TUI Travel plc.	17	95
	Under Armour Inc.	12	747
	United Stationers Inc. (b)	11	637
	UNY Co Ltd.	10	86
	Urban Outfitters Inc.	15	379
	US Airways Group Inc/NEW.	18	498

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	USS Co Ltd.	2	130
	Vail Resorts Inc.	12	728
	Valentino Fashion Group SpA.	2	101
	Valeo SA.	2	110
	Volkswagen AG.	4	953
	Wabash National Corp.	20	203
	Wacoal Holdings Corp.	9	109
	Walgreen Co.	43	1705
	Wal-Mart Stores Inc.	61	2758
	Warner Music Group Corp.	10	102
	Watsco Inc.	9	375
	Wendy's International Inc.	19	660
	WESCO International Inc.	7	327
	Westjet Airlines Ltd.	7	148
	Whirlpool Corp.	18	1425
	William Hill PLC.	9	116
	WMS Industries Inc. (b)	16	555
	Wolseley PLC.	10	173
	Wolverine World Wide Inc.	29	744
	World Fuel Services Corp.	11	487
	WW Grainger Inc.	12	1079
	Wynn Resorts Ltd.	8	1291
	Xinyi Glass Holdings Co Ltd.	105	141
	Yamada Denki Co Ltd.	3	307
	Yamaha Corp.	7	162
	Yamaha Motor Co Ltd.	7	198
	Yokohama Rubber Co Ltd/The.	15	111
	Yum! Brands Inc.	21	846
	Zale Corp.	25	527
			161,354

CONSUMER, NON-CYCLICAL (3.6%)
	ABB Grain Ltd.	14	98
	Abbott Laboratories.	9	492
	ABC Learning Centres Ltd.	18	110
	Abertis Infraestructuras SA.	4	133
	Accenture Ltd.	23	898
	ACCO Brands Corp.	36	772
	Adams Respiratory Therapeutics.	14	615
	Adecco SA.	2	120
	Administaff Inc.	15	598
	Advanced Medical Optics Inc.	9	247
	Aetna Inc.	20	1123
	Affymetrix Inc.	9	229
	Aggreko Plc.	10	130
	Ajinomoto Co Inc.	21	236
	Alberto-Culver Co.	19	494
	Alcon Inc.	3	457
	Alexion Pharmaceuticals Inc.	13	995
	Alfresa Holdings Corp.	2	116
	Alkermes Inc.	38	616
	Allergan Inc/United States.	12	811
	Alliance Data Systems Corp.	12	965
	Altadis SA.	4	285
	Altria Group Inc.	56	4084
	American Greetings Corp.	27	711
	American Medical Systems Holdi.	27	345
	AMERIGROUP Corp.	20	700
	AmerisourceBergen Corp.	26	1225
	Amgen Inc. (b)	45	2615
	Amylin Pharmaceuticals Inc.	18	810
	Anheuser-Busch Cos Inc.	22	1128
	Apollo Group Inc.	22	1744
	Applera Corp - Celera Group.	41	669
	Apria Healthcare Group Inc.	23	556

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Arbitron Inc.	11	557
	Arthrocare Corp.	10	648
	Asahi Breweries Ltd.	16	264
	Associated British Foods PLC.	6	114
	Astellas Pharma Inc.	18	794
	AstraZeneca PLC.	23	1135
	Atkins WS PLC.	5	126
	Atlantia SpA.	4	157
	Avis Budget Group Inc. (b)	61	1273
	AWB Ltd.	35	97
	Babcock International Group.	10	122
	Barr Pharmaceuticals Inc.	17	974
	Baxter International Inc.	28	1680
	BearingPoint Inc.	129	618
	Beckman Coulter Inc.	10	708
	Becton Dickinson & Co.	11	918
	Beiersdorf AG.	2	158
	Benesse Corp.	4	149
	Biogen Idec Inc.	14	1042
	BioMarin Pharmaceutical Inc.	36	998
	Bio-Rad Laboratories Inc.	7	676
	Biovail Corp.	6	120
	Blyth Inc.	20	382
	Boston Scientific Corp.	54	749
	Bowne & Co Inc.	19	330
	Brisa-Auto Estradas de Portuga.	8	114
	Bristol-Myers Squibb Co.	53	1589
	British American Tobacco PLC.	22	837
	Brookdale Senior Living Inc.	6	221
	Brown-Forman Corp.	7	518
	Bunzl PLC.	8	120
	C&C Group PLC.	13	105
	Cadbury Schweppes PLC.	32	423
	Cambrex Corp.	17	194
	Capita Group PLC.	9	140
	Carlsberg A/S.	1	135
	Carrefour SA.	8	576
	Casino Guichard Perrachon SA.	1	112
	Celesio AG.	2	114
	Celgene Corp.	15	990
	Cephalon Inc.	10	737
	Chaoda Modern Agriculture.	145	131
	Chemed Corp.	12	688
	China Mengniu Dairy Co Ltd.	31	130
	ChoicePoint Inc.	12	472
	Christian Dior SA.	1	136
	Chugai Pharmaceutical Co Ltd.	9	155
	Church & Dwight Co Inc.	29	1372
	Cintra Concesiones de Infraest.	7	122
	Clarins.	1	87
	Clorox Co.	7	438
	Coates Hire Ltd.	23	139
	Coca Cola Hellenic Bottling Co.	2	124
	Coca-Cola Amatil Ltd.	17	162
	Coca-Cola Co/The.	57	3520
	Coca-Cola West Holdings Co Ltd.	5	115
	Cochlear Ltd.	2	128
	Colgate-Palmolive Co.	25	1907
	Coloplast A/S.	1	97
	ConAgra Foods Inc.	15	356
	Constellation Brands Inc.	38	955
	Convergys Corp.	25	458
	Corinthian Colleges Inc.	46	754
	Corporate Executive Board Co.	6	428
	Corrections Corp of America. (b)	46	1301

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	COSCO Pacific Ltd.	41	127
	Covance Inc.	10	825
	Coventry Health Care Inc.	24	1447
	Covidien Ltd.	15	624
	CR Bard Inc.	16	1338
	Cubist Pharmaceuticals Inc.	21	491
	CV Therapeutics Inc.	23	236
	Dade Behring Holdings Inc.	13	1000
	Dai Nippon Printing Co Ltd.	23	332
	Daiichi Sankyo Co Ltd.	23	652
	Dainippon Sumitomo Pharma Co L.	11	102
	Dairy Crest Group PLC.	7	88
	Dairy Farm International Holdi.	38	188
	Danisco A/S.	1	77
	Davis Service Group PLC.	9	102
	DaVita Inc.	16	1043
	Del Monte Foods Co.	45	465
	Delhaize Group.	1	95
	Deluxe Corp.	30	1210
	Dentsply International Inc.	22	913
	Diageo PLC.	41	938
	Edwards Lifesciences Corp.	22	1105
	Eisai Co Ltd.	9	376
	Elan Corp PLC.	7	167
	Elekta AB.	6	116
	Eli Lilly & Co.	26	1408
	Empire Co Ltd.	2	117
	Endo Pharmaceuticals Holdings.	21	615
	Enzon Pharmaceuticals Inc.	30	286
	Essilor International SA.	3	191
	Experian Group Ltd.	16	168
	Express Scripts Inc.	9	568
	Ezaki Glico Co Ltd.	11	115
	Fisher & Paykel Healthcare Cor.	42	105
	Forest Laboratories Inc.	12	469
	Forrester Research Inc.	9	213
	Fortune Brands Inc.	5	419
	Foster's Group Ltd.	65	386
	Fresenius Medical Care AG & Co.	3	157
	Fresenius SE.	2	157
	FTI Consulting Inc.	16	869
	G4S PLC.	24	106
	Genentech Inc.	20	1483
	General Mills Inc.	10	577
	Gen-Probe Inc.	20	1400
	Genzyme Corp.	10	760
	Getinge AB.	5	132
	Gilead Sciences Inc.	40	1848
	GlaxoSmithKline PLC.	93	2394
	Golden Agri-Resources Ltd.	132	160
	Goodman Fielder Ltd.	50	98
	Greene King Plc.	5	94
	Grifols SA.	5	132
	H&R Block Inc.	55	1199
	Haemonetics Corp.	10	514
	Hansen Natural Corp.	27	1836
	Hays PLC.	33	94
	Health Management Associates I.	44	291
	Health Net Inc.	17	911
	Healthscope Ltd.	23	116
	Healthsouth Corp.	35	702
	Healthways Inc.	13	789
	Heineken Holding NV.	2	118
	Heineken NV.	4	280
	Hengan International Group Co.	32	124

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Henkel KGaA.	5	245
	Henry Schein Inc.	15	899
	Herbalife Ltd.	7	309
	Hershey Co/The.	5	216
	Hewitt Associates Inc.	44	1552
	Hillenbrand Industries Inc.	13	718
	Hisamitsu Pharm.	4	110
	HJ Heinz Co.	9	421
	Hologic Inc.	29	1994
	Homeserve PLC.	3	112
	Hormel Foods Corp.	17	620
	House Foods Corp.	7	110
	Human Genome Sciences Inc.	51	482
	Humana Inc. (b)	26	1949
	Husqvarna AB.	8	96
	Iaws Group Plc.	5	118
	Idexx Laboratories Inc.	12	1461
	Illumina Inc.	20	1123
	Immucor Inc.	26	839
	Imperial Tobacco Group PLC.	10	506
	InBev NV.	3	283
	InterMune Inc.	14	279
	Intertek Group PLC.	5	107
	Intuitive Surgical Inc.	5	1634
	Invacare Corp.	17	460
	Inverness Medical Innovations.	22	1322
	Invitrogen Corp.	7	636
	Iron Mountain Inc.	28	972
	Ito En Ltd.	5	100
	ITT Educational Services Inc. (b)	15	1908
	J Sainsbury PLC.	23	262
	Jarden Corp.	24	852
	JM Smucker Co/The.	11	588
	Kagome Co Ltd.	7	111
	Kamigumi Co Ltd.	13	105
	Kao Corp.	17	486
	Kerry Group PLC.	4	121
	Kesko OYJ.	2	120
	Kikkoman Corp.	8	101
	Kimberly-Clark Corp.	13	922
	Kinetic Concepts Inc.	8	481
	King Pharmaceuticals Inc.	44	466
	Kirin Holdings Co Ltd.	32	445
	Kobayashi Pharmaceutical Co Lt.	3	96
	Koninklijke Ahold NV.	19	285
	Kose Corp.	4	102
	Kraft Foods Inc.	42	1403
	Kyowa Hakko Kogyo Co Ltd.	13	141
	Kyphon Inc.	17	1205
	Laboratory Corp of America Hol.	18	1238
	Lion Corp.	20	94
	Lion Nathan Ltd.	15	130
	Live Nation Inc.	20	409
	Loblaw Cos Ltd.	2	93
	L'Oreal SA.	4	525
	Luxottica Group SpA.	3	105
	MacDonald Dettwiler & Associat.	2	95
	Magellan Health Services Inc.	15	632
	Manor Care Inc.	11	732
	Manpower Inc.	13	972
	Marine Harvest.	85	86
	McCormick & Co Inc/MD.	20	701
	McKesson Corp.	12	793
	Medarex Inc.	47	562
	Medco Health Solutions Inc.	11	1038

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Mediceo Paltac Holdings Co Ltd.	7	101
	Medicines Co/The.	19	364
	Medicis Pharmaceutical Corp.	21	623
	Medtronic Inc.	48	2277
	Meiji Dairies Corp.	18	95
	Meiji Seika Kaisha Ltd.	25	110
	Mentor Corp.	12	511
	Merck & Co Inc.	58	3379
	Merck KGAA.	1	125
	Metcash Ltd.	28	122
	Metro AG.	2	181
	Metro Inc.	3	113
	MGI Pharma Inc.	30	977
	Michael Page International Plc.	10	91
	Millennium Pharmaceuticals Inc.	59	697
	Millipore Corp. (b)	8	621
	Miraca Holdings Inc.	6	141
	Mitsubishi Tanabe Pharma Corp.	9	103
	Mochida Pharmaceutical Co Ltd.	12	115
	Molson Coors Brewing Co.	14	801
	Monster Worldwide Inc.	18	730
	Moody's Corp.	9	393
	MPS Group Inc.	69	842
	Mylan Inc.	45	677
	Myriad Genetics Inc.	15	830
	NBTY Inc.	23	819
	Nektar Therapeutics.	30	179
	Nestle SA.	6	2768
	Neurocrine Biosciences Inc.	15	139
	Nichirei Corp.	23	98
	Nippon Meat Packers Inc.	10	101
	Nippon Suisan Kaisha Ltd.	19	94
	Nipro Corp.	5	95
	Nissha Printing Co Ltd.	4	114
	Nisshin Seifun Group Inc.	12	108
	Nissin Food Products Co Ltd.	4	126
	Novartis AG.	38	2021
	Novo Nordisk A/S.	3	372
	Novozymes A/S.	1	109
	Nutreco Holding NV.	1	68
	Odyssey HealthCare Inc.	26	267
	Olam International Ltd.	55	133
	Omega Pharma SA.	1	67
	Omnicare Inc.	27	797
	Ono Pharmaceutical Co Ltd.	4	206
	Onyx Pharmaceuticals Inc.	21	981
	Oriflame Cosmetics SA.	2	121
	Orion Oyj.	4	103
	OSI Pharmaceuticals Inc.	8	333
	Pacific Brands Ltd.	35	113
	Parexel International Corp.	10	460
	Park24 Co Ltd.	11	109
	Parkway Holdings Ltd.	42	121
	Parmalat SpA.	30	111
	Patterson Cos Inc.	20	782
	PDL BioPharma Inc.	18	382
	Pediatrix Medical Group Inc.	21	1376
	Pepsi Bottling Group Inc.	28	1206
	PepsiAmericas Inc.	14	500
	Performance Food Group Co.	18	486
	Pernod-Ricard SA.	1	231
	Perrigo Co.	41	972
	Pharmaceutical Product Develop.	16	676
	PharMerica Corp.	16	255
	PolyMedica Corp.	10	530

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Premier Foods PLC.	21	98
	Pre-Paid Legal Services Inc. (b)	5	298
	Primary Health Care Ltd.	10	110
	Psychiatric Solutions Inc. (b)	20	792
	Qiagen NV.	6	141
	QP Corp.	11	108
	Quest Diagnostics Inc.	6	319
	Ralcorp Holdings Inc. (b)	10	563
	Randstad Holding NV.	2	111
	Reckitt Benckiser Group PLC.	9	522
	Regeneron Pharmaceuticals Inc.	22	484
	Remy Cointreau SA.	1	77
	Rent-A-Center Inc/TX.	37	592
	Rentokil Initial PLC.	34	122
	Resmed Inc.	12	497
	Resources Connection Inc.	17	387
	Respironics Inc.	11	551
	Reynolds American Inc.	4	258
	Rhoen Klinikum AG.	4	126
	Robert Half International Inc.	26	782
	Roche Holding AG.	11	1876
	Rohto Pharmaceutical Co Ltd.	10	118
	Royal Numico NV.	3	237
	RR Donnelley & Sons Co.	40	1612
	SABMiller PLC.	13	391
	Safeway Inc.	13	442
	SAIC Inc.	77	1518
	Sanofi-Aventis SA.	16	1403
	Santen Pharmaceutical Co Ltd.	5	117
	Sapporo Holdings Ltd.	18	135
	SAPRR.	1	106
	Saputo Inc.	2	123
	Sara Lee Corp.	17	281
	Savient Pharmaceuticals Inc.	23	324
	Schering-Plough Corp.	64	1953
	Scottish & Newcastle PLC.	13	212
	Secom Co Ltd.	7	359
	Securitas AB.	7	88
	Sepracor Inc.	16	441
	Serco Group PLC.	12	112
	Service Corp International/US.	170	2460
	Shimadzu Corp.	10	99
	Shionogi & Co Ltd.	11	187
	Shire PLC.	9	225
	Shiseido Co Ltd.	13	312
	Sierra Health Services Inc.	19	804
	Sigma Pharmaceuticals Ltd.	68	96
	Silex Systems Ltd.	12	87
	Smith & Nephew PLC.	14	189
	Smithfield Foods Inc.	23	659
	Societe BIC SA.	1	78
	Sohgo Security Services Co Ltd.	7	116
	Sonic Healthcare Ltd.	9	144
	Sonova Holding AG.	1	112
	Sotheby's.	25	1354
	Spherion Corp.	42	366
	St Jude Medical Inc. (b)	13	529
	Stada Arzneimittel AG.	2	127
	Stantec Inc.	3	117
	STERIS Corp.	38	1104
	Stewart Enterprises Inc.	62	562
	Strayer Education Inc.	6	1119
	Stryker Corp.	14	994
	Sunrise Senior Living Inc.	17	629
	Supervalu Inc.	42	1628

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Suzuken Co Ltd.	3	96
	Swedish Match AB.	6	134
	Symbion Health Ltd.	30	113
	Synthes Inc.	1	125
	SYSCO Corp.	24	823
	Sysmex Corp.	3	122
	Taisho Pharmaceutical Co Ltd.	8	154
	Takara Holdings Inc.	17	99
	Takeda Pharmaceutical Co Ltd.	27	1676
	Tate & Lyle PLC.	9	82
	Techne Corp.	14	913
	TeleTech Holdings Inc.	15	374
	Tenet Healthcare Corp. (b)	87	305
	Terumo Corp.	7	340
	Tesco PLC.	122	1238
	Thai Beverage PCL.	602	108
	Theravance Inc.	18	450
	Tingyi Cayman Islands Holding.	123	187
	Toppan Printing Co Ltd.	22	214
	Toyama Chemical Co Ltd. (b)	16	99
	Toyo Suisan Kaisha Ltd.	7	121
	Transurban Group.	32	217
	Tsumura & Co.	6	107
	Tupperware Brands Corp.	36	1300
	Tyson Foods Inc.	52	822
	UCB SA.	2	117
	Unicharm Corp.	2	119
	Unilever NV.	26	843
	Unilever PLC.	20	676
	United Natural Foods Inc.	15	434
	United Rentals Inc.	44	1504
	United Therapeutics Corp.	7	479
	UnitedHealth Group Inc.	56	2752
	Universal Corp/Richmond VA.	16	780
	Universal Health Services Inc.	8	390
	UST Inc.	30	1600
	Valassis Communications Inc. (b)	23	227
	Varian Medical Systems Inc. (b)	20	975
	VCA Antech Inc.	31	1428
	Vedior NV.	4	91
	Ventana Medical Systems Inc.	13	1144
	Vertex Pharmaceuticals Inc.	20	647
	Viad Corp.	14	496
	VistaPrint Ltd.	15	714
	Watson Pharmaceuticals Inc.	19	581
	Watson Wyatt Worldwide Inc.	16	763
	WD-40 Co.	8	317
	Weight Watchers International.	5	256
	WellCare Health Plans Inc.	5	121
	WellPoint Inc.	19	1505
	West Pharmaceutical Services I.	15	620
	Western Union Co/The.	30	661
	Whole Foods Market Inc.	22	1090
	William Demant Holding. (b)	1	92
	Wilmar International Ltd.	81	232
	WM Morrison Supermarkets PLC.	35	215
	WM Wrigley Jr Co.	9	555
	Woolworths Ltd.	40	1246
	Wyeth.	36	1751
	Yakult Honsha Co Ltd.	5	115
	Yamazaki Baking Co Ltd.	14	122
	Zimmer Holdings Inc.	10	695
			238,555

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
ENERGY (2.0%)
	Acergy SA.	4	116
	Advantage Energy Income Fund.	3	38
	Alpha Natural Resources Inc.	29	796
	Anadarko Petroleum Corp.	14	826
	APA Group.	30	110
	Apache Corp.	10	1038
	ARC Energy Trust.	5	113
	Arch Coal Inc.	22	902
	Arrow Energy NL.	44	116
	Atwood Oceanics Inc.	10	842
	Australian Worldwide Explorati.	37	103
	Baker Hughes Inc.	14	1214
	Beach Petroleum Ltd.	93	126
	BG Group PLC.	55	1017
	BJ Services Co.	45	1134
	BP PLC.	296	3847
	Cabot Oil & Gas Corp.	36	1429
	Caltex Australia Ltd.	5	100
	Cameron International Corp.	17	1655
	Canadian Natural Resources Ltd.	8	665
	Canadian Oil Sands Trust.	4	147
	Cheniere Energy Inc.	16	648
	Chesapeake Energy Corp.	22	869
	Chevron Corp.	57	5216
	China Gas Holdings Ltd.	293	139
	Cia Espanola de Petroleos SA.	1	102
	Cimarex Energy Co.	15	608
	CNOOC Ltd.	480	1001
	Cnpc Hong Kong Ltd.	175	141
	ConocoPhillips.	41	3483
	Consol Energy Inc.	28	1582
	Core Laboratories NV.	9	1313
	Cosmo Oil Co Ltd.	22	94
	Covanta Holding Corp.	17	461
	Crosstex Energy Inc.	17	627
	Delta Petroleum Corp.	29	542
	Denbury Resources Inc.	18	1019
	Devon Energy Corp.	12	1121
	Diamond Offshore Drilling Inc.	3	340
	Duvernay Oil Corp.	3	108
	El Paso Corp.	138	2437
	Enbridge Inc.	5	217
	EnCana Corp.	12	840
	Encore Acquisition Co.	34	1248
	Enerplus Resources Fund.	2	97
	ENI SpA.	38	1387
	ENSCO International Inc.	23	1276
	Ensign Energy Services Inc.	6	108
	EOG Resources Inc.	10	886
	EXCO Resources Inc.	45	760
	Exterran Holdings Inc.	55	4631
	Exxon Mobil Corp.	147	13523
	First Solar Inc.	6	953
	FMC Technologies Inc.	20	1213
	Fording Canadian Coal Trust.	1	37
	Fugro NV.	2	175
	Global Industries Ltd.	30	739
	Grant Prideco Inc.	20	983
	Grey Wolf Inc.	98	552
	Halliburton Co.	36	1419
	Headwaters Inc.	22	316
	Helix Energy Solutions Group I.	16	740
	Helmerich & Payne Inc.	17	538
	Hercules Offshore Inc.	34	919
	Hess Corp.	9	644

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Holly Corp.	18	1130
	Husky Energy Inc.	4	186
	Idemitsu Kosan Co Ltd.	1	115
	Imperial Oil Ltd.	4	218
	ION Geophysical Corp.	37	561
	Japan Petroleum Exploration Co.	2	152
	John Wood Group PLC.	16	139
	Lundin Petroleum AB.	10	120
	Marathon Oil Corp.	24	1407
	Mariner Energy Inc.	43	1075
	National Fuel Gas Co.	13	630
	National Oilwell Varco Inc.	23	1685
	Neste Oil OYJ.	3	108
	Nexen Inc.	7	237
	Niko Resources Ltd.	1	112
	Nippon Mining Holdings Inc.	31	290
	Nippon Oil Corp.	48	421
	Noble Corp.	42	2224
	Occidental Petroleum Corp.	22	1519
	Oceaneering International Inc.	20	1545
	Oil Search Ltd.	33	131
	Oilexco Inc.	9	164
	OMV AG.	2	150
	Oneok Inc.	19	949
	OPTI Canada Inc.	5	101
	Origin Energy Ltd.	29	247
	Parker Drilling Co. (b)	72	608
	Peabody Energy Corp.	10	558
	Pengrowth Energy Trust.	6	114
	Penn Virginia Corp.	14	678
	Penn West Energy Trust.	3	96
	Petro-Canada.	8	461
	Petrofac Ltd.	12	129
	Pride International Inc.	26	959
	PrimeWest Energy Trust.	2	56
	Q-Cells AG.	1	128
	Questar Corp.	27	1541
	Quicksilver Resources Inc.	13	741
	Range Resources Corp.	21	944
	Renewable Energy Corp AS.	3	153
	Repsol YPF SA.	12	474
	Rowan Cos Inc.	25	975
	Royal Dutch Shell PLC.	80	3493
	Saipem SpA.	4	177
	Santos Ltd.	20	261
	Saras SpA.	18	109
	SBM Offshore NV.	3	115
	Schlumberger Ltd.	51	4925
	Seacor Holdings Inc.	9	825
	SeaDrill Ltd.	5	119
	Showa Shell Sekiyu KK.	9	105
	Singapore Petroleum Co Ltd.	25	142
	Smith International Inc.	31	2048
	Solarworld AG.	2	138
	Southwestern Energy Co. (b)	26	1345
	Spectra Energy Corp.	19	494
	St Mary Land & Exploration Co.	24	1017
	StatoilHydro ASA.	19	643
	Stone Energy Corp.	17	758
	Suncor Energy Inc.	7	766
	Sunoco Inc.	24	1766
	Sunpower Corp.	6	759
	Superior Energy Services.	30	1112
	Talisman Energy Inc.	16	349
	Technip SA.	2	179

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Tesoro Corp.	25	1513
	Tetra Technologies Inc.	27	532
	TonenGeneral Sekiyu KK.	11	110
	Total SA.	35	2821
	TransCanada Corp.	8	340
	Transocean, Inc..	12	1432
	Trican Well Service Ltd.	6	127
	Tullow Oil PLC.	11	146
	Ultra Petroleum Corp.	23	1630
	UTS Energy Corp.	19	123
	Valero Energy Corp.	16	1127
	Weatherford International Ltd.	13	844
	WesternZagros Resources Ltd.	3	12
	W-H Energy Services Inc.	11	633
	Woodside Petroleum Ltd.	15	727
	XTO Energy Inc.	16	1062
			131,434

FINANCIAL (4.9%)
	77 Bank Ltd/The.	16	108
	Aareal Bank AG.	2	104
	Abacus Property Group.	65	117
	ABN AMRO Holding NV.	29	1567
	ACE Ltd.	10	606
	Acom Co Ltd.	3	72
	Adelaide Bank Ltd.	8	109
	Admiral Group PLC.	7	150
	Aegon NV.	22	454
	Aeon Credit Service Co Ltd.	8	122
	Aeon Mall Co Ltd.	4	103
	Affiliated Managers Group Inc.	5	658
	Aflac Inc.	19	1193
	AGF Management Ltd.	3	117
	Agile Property Holdings Ltd.	61	146
	Aichi Bank Ltd/The.	1	91
	Aiful Corp.	4	94
	Aioi Insurance Co Ltd.	18	104
	Akita Bank Ltd/The.	22	101
	Alexandria Real Estate Equitie.	11	1135
	Allco Finance Group Ltd.	12	85
	Alleanza Assicurazioni SpA.	9	122
	Alleghany Corp.	1	393
	Allgreen Properties Ltd.	91	99
	Alliance & Leicester PLC.	7	115
	Allianz SE.	7	1577
	Allied Irish Banks PLC.	14	351
	Allied World Assurance Holding.	10	479
	Allstate Corp/The.	18	943
	Alpha Bank AE.	6	222
	AMB Property Corp.	15	980
	AMBAC Financial Group Inc.	19	700
	Amcore Financial Inc.	15	356
	American Express Co.	45	2743
	American Financial Group Inc/O.	13	389
	American Financial Realty Trus.	68	458
	American International Group I.	68	4292
	American National Insurance.	4	517
	AmeriCredit Corp.	22	310
	Ameriprise Financial Inc.	6	378
	Amlin PLC.	19	127
	AMP Ltd.	62	588
	Anchor Bancorp Wisconsin Inc.	13	320
	Anglo Irish Bank Corp PLC.	11	184
	Annaly Capital Management Inc.	193	3298
	AON Corp.	12	544

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Apartment Investment & Managem.	17	794
	Arch Capital Group Ltd.	11	822
	Arthur J Gallagher & Co.	18	479
	Ascendas Real Estate Investmen.	61	109
	Aspen Insurance Holdings Ltd.	17	465
	Assicurazioni Generali SpA.	19	903
	Associated Banc-Corp.	22	635
	Assurant Inc.	19	1110
	Assured Guaranty Ltd.	12	277
	Astoria Financial Corp.	16	416
	ASX Ltd.	6	321
	Australia & New Zealand Bankin.	60	1682
	AvalonBay Communities Inc.	12	1472
	Aviva PLC.	40	628
	Awa Bank Ltd/The.	23	123
	AXA Asia Pacific Holdings Ltd.	30	228
	AXA SA.	28	1251
	Axis Capital Holdings Ltd.	28	1113
	Azimut Holding SpA.	6	103
	Babcock & Brown Ltd.	9	256
	Baloise Holding AG.	1	106
	Banca Carige SpA.	23	110
	Banca Monte dei Paschi di Sien.	19	121
	Banca Popolare di Milano Scarl.	7	110
	Banco BPI SA.	12	105
	Banco Comercial Portugues SA.	52	252
	Banco de Valencia SA.	2	114
	Banco Espirito Santo SA.	5	121
	Banco Pastor SA.	5	85
	Banco Popular Espanol SA.	12	209
	Banco Santander SA.	96	2086
	Bancorpsouth Inc.	46	1116
	Bank of America Corp.	133	6421
	Bank of East Asia Ltd.	51	344
	Bank of Hawaii Corp.	19	1010
	Bank of Ikeda Ltd/The.	2	84
	Bank of Ireland.	15	277
	Bank of Kyoto Ltd/The.	12	152
	Bank of Montreal.	8	533
	Bank of Nagoya Ltd/The.	17	125
	Bank of New York Mellon Corp/T.	53	2589
	Bank of Nova Scotia.	15	849
	Bank of Queensland Ltd.	7	125
	Bank of Yokohama Ltd/The.	46	324
	Bankinter SA.	6	89
	Barclays PLC.	101	1269
	BB Biotech AG.	1	88
	BB&T Corp.	16	592
	BBVA.	55	1384
	Bear Stearns Cos Inc/The.	3	341
	Bellevue Group AG.	1	80
	Bendigo Bank Ltd.	8	104
	BioMed Realty Trust Inc.	44	1051
	BNP Paribas.	14	1543
	BOC Hong Kong Holdings Ltd.	118	331
	BOK Financial Corp.	5	273
	Bolsas y Mercados Espanoles.	2	139
	Boston Properties Inc.	5	542
	Bradford & Bingley PLC.	13	84
	Brandywine Realty Trust.	52	1345
	BRE Properties Inc.	19	1041
	Brit Insurance Holdings Plc.	16	108
	British Land Co PLC.	8	180
	Brookfield Asset Management In.	9	368
	Cabcharge Australia Ltd.	10	99

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Cambridge Industrial Trust.	60	30
	Camden Property Trust.	9	561
	Canadian Imperial Bank of Comm.	5	540
	CapitaCommercial Trust.	62	115
	Capital One Financial Corp.	10	656
	CapitaLand Ltd.	55	306
	CapitalSource Inc.	25	456
	CapitaMall Trust.	44	111
	Cathay General Bancorp.	29	898
	Catlin Group Ltd.	11	115
	Cattles PLC.	14	99
	CB Richard Ellis Group Inc.	31	756
	Centro Properties Group.	28	183
	Centro Retail Group.	72	106
	CFS Retail Property Trust.	66	150
	Challenger Financial Services.	23	135
	Charles Schwab Corp/The.	40	930
	Cheung Kong Holdings Ltd.	48	933
	Chiba Bank Ltd/The.	30	238
	China Everbright Ltd. (b)	46	204
	China Insurance International. (b)	44	142
	China Overseas Land & Investme.	125	281
	China Resources Land Ltd.	59	148
	Chinese Estates Holdings Ltd.	59	119
	Chittenden Corp.	28	997
	Chubb Corp.	12	640
	Chugoku Bank Ltd/The.	8	116
	Chuo Mitsui Trust Holdings Inc.	33	262
	Cigna Corp.	9	472
	Cincinnati Financial Corp.	32	1273
	CIT Group Inc.	35	1233
	CITIC International Financial.	129	110
	Citigroup Inc.	133	5573
	Citizens Republic Bancorp Inc.	40	609
	City Developments Ltd.	16	175
	City National Corp/CA.	7	473
	CME Group Inc.	6	3998
	CNP Assurances.	1	127
	Colonial BancGroup Inc/The.	28	537
	Colonial Properties Trust.	27	846
	Comerica Inc.	4	187
	Commerce Bancorp Inc/NJ.	43	1752
	Commerce Bancshares Inc/Kansas.	15	708
	Commerce Group Inc.	32	1168
	Commerzbank AG.	9	382
	Commonwealth Bank of Australia.	43	2463
	Commonwealth Property Office F.	79	116
	CompuCredit Corp.	9	179
	Conseco Inc.	38	600
	Corio NV.	1	88
	Corp Financiera Alba.	1	75
	Corporate Office Properties Tr.	18	744
	Countrywide Financial Corp.	17	264
	Cousins Properties Inc.	22	633
	Credit Agricole SA.	11	435
	Credit Saison Co Ltd.	6	190
	Credit Suisse Group.	16	1076
	Cullen/Frost Bankers Inc.	13	691
	Dah Sing Financial Holdings Lt.	12	114
	Daishi Bank Ltd/The.	25	109
	Daito Trust Cons.	3	138
	Daiwa Securities Group Inc.	46	438
	Danske Bank A/S.	7	308
	DB RREEF Trust.	95	185
	DBS Group Holdings Ltd.	37	573

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	DCT Industrial Trust Inc.	100	1073
	Derwent London PLC.	3	104
	Deutsche Bank AG.	8	1072
	Deutsche Boerse AG.	3	482
	Deutsche Postbank AG.	1	73
	Dexia SA.	9	289
	DiamondRock Hospitality Co.	64	1226
	Digital Realty Trust Inc.	21	924
	DnB NOR ASA.	11	181
	Downey Financial Corp.	11	448
	Duke Realty Corp.	25	804
	EFG Eurobank Ergasias SA.	4	156
	Endurance Specialty Holdings L.	11	431
	Equity Inns Inc.	0	0
	Equity Lifestyle Properties In.	8	402
	Equity Residential.	9	376
	Erie Indemnity Co.	10	569
	Erste Bank der Oesterreichisch.	3	243
	Essex Property Trust Inc.	10	1234
	Eurazeo.	1	149
	Eurocommercial Properties NV.	2	118
	Everest Re Group Ltd.	13	1385
	Fannie Mae.	25	1426
	Federal Realty Invs Trust.	9	794
	Federated Investors Inc.	18	774
	FelCor Lodging Trust Inc.	33	691
	Fidelity National Financial In.	40	616
	Fifth Third Bancorp.	14	438
	Fimalac.	1	79
	First American Corp.	16	482
	First Bancorp/Puerto Rico.	41	360
	First Horizon National Corp.	23	600
	First Marblehead Corp/The.	13	505
	First Midwest Bancorp Inc/IL.	30	1010
	First Niagara Financial Group.	57	752
	FirstFed Financial Corp. (b)	7	299
	FirstMerit Corp.	40	848
	FKP Property Group.	18	123
	FNB Corp/PA.	32	532
	Fondiaria-Sai SpA.	2	97
	Forest City Enterprises Inc.	9	512
	Fortis.	20	639
	Franklin Resources Inc.	7	908
	Franklin Street Properties Cor.	34	553
	Fraser and Neave Ltd.	36	149
	Freddie Mac.	20	1045
	Fremont General Corp.	40	111
	Friedman Billings Ramsey Group.	80	344
	Friends Provident PLC.	33	126
	Frontier Financial Corp.	30	666
	Fuji Fire & Marine Insurance C.	28	101
	Fulton Financial Corp.	103	1350
	Fuyo General Lease Co Ltd.	3	99
	Genting International PLC. (b)	184	88
	Genworth Financial Inc.	13	355
	Goldcrest Co Ltd.	2	94
	Goldman Sachs Group Inc/The.	10	2479
	Goodman Group.	48	308
	GPT Group.	67	288
	Great Eagle Holdings Ltd.	29	120
	Great Eastern Holdings Ltd.	9	108
	Great Portland Estates PLC.	8	95
	Great-West Lifeco Inc.	4	158
	Greentown China Holdings Ltd.	45	96
	Gunma Bank Ltd/The.	16	113

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Guoco Group Ltd.	7	107
	GZI Real Estate Investment Tru.	90	36
	Hachijuni Bank Ltd/The.	17	129
	Hammerson PLC.	4	93
	Hang Lung Group Ltd.	28	164
	Hang Lung Properties Ltd.	60	285
	Hang Seng Bank Ltd.	23	467
	Hannover Rueckversicherung AG.	2	105
	Hartford Financial Services Gr.	9	873
	HBOS PLC.	58	1053
	HCC Insurance Holdings Inc.	21	628
	HCP Inc.	38	1294
	Health Care REIT Inc.	48	2126
	Healthcare Realty Trust Inc.	25	661
	Heiwa Real Estate Co Ltd.	15	106
	Henderson Group PLC.	28	106
	Henderson Investment Ltd.	66	131
	Henderson Land Development Co.	22	196
	Higo Bank Ltd/The.	16	111
	Hilb Rogal & Hobbs Co.	14	617
	Hiroshima Bank Ltd/The.	21	113
	Hokkoku Bank Ltd/The.	25	119
	Hokuhoku Financial Group Inc.	46	141
	Home Properties Inc.	13	668
	Hong Kong Exchanges and Cleari.	35	1157
	Hongkong Land Holdings Ltd.	61	304
	Hopewell Holdings.	25	129
	Hopson Development Holdings Lt.	30	115
	Horace Mann Educators Corp.	29	600
	Hospitality Properties Trust.	17	673
	Host Hotels & Resorts Inc.	16	355
	HRPT Properties Trust.	124	1164
	HSBC Holdings PLC.	180	3560
	Hudson City Bancorp Inc.	109	1707
	Huntington Bancshares Inc/OH.	71	1272
	Hyakugo Bank Ltd/The.	17	101
	Hyakujushi Bank Ltd/The.	21	106
	Hypo Real Estate Holding AG.	2	119
	Hysan Development Co Ltd.	42	126
	ICAP PLC.	11	134
	ICBC Asia.	44	122
	IG Group Holdings PLC.	16	138
	IGM Financial Inc.	2	116
	Immoeast AG. (b)	8	97
	IMMOFINANZ AG.	9	107
	Industrial Alliance Insurance.	3	126
	IndyMac Bancorp Inc.	39	523
	ING Canada Inc.	2	95
	ING Groep NV.	32	1439
	ING Industrial Fund.	51	133
	ING Office Fund.	75	126
	Insurance Australia Group Ltd.	59	258
	IntercontinentalExchange Inc.	11	1960
	International Bancshares Corp.	16	350
	International Securities Excha.	14	939
	Intesa Sanpaolo SpA.	163	1284
	Invesco PLC.	13	199
	Investec PLC.	9	109
	Investment Technology Group In. (b)	17	712
	Investor AB.	11	270
	IPC Holdings Ltd.	14	419
	Irish Life & Permanent PLC.	4	91
	iStar Financial Inc.	23	702
	IVG Immobilien AG.	3	136
	Iyo Bank Ltd/The.	12	117

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Jafco Co Ltd.	2	82
	Janus Capital Group Inc.	34	1173
	Japan Securities Finance Co Lt.	8	83
	Jefferies Group Inc.	20	535
	Jones Lang LaSalle Inc.	6	572
	Joyo Bank Ltd/The.	27	166
	JPMorgan Chase & Co.	101	4747
	Juroku Bank Ltd/The.	18	108
	Jyske Bank A/S. (b)	1	82
	Kagoshima Bank Ltd/The.	15	103
	KBC Groep NV.	3	420
	Keiyo Bank Ltd/The.	19	97
	Keppel Land Ltd.	20	115
	Kerry Properties Ltd.	15	129
	Keycorp.	12	341
	Kilroy Realty Corp.	12	780
	Kimco Realty Corp.	43	1785
	Kinnevik Investment AB.	6	149
	Kiyo Holdings Inc.	71	111
	Knight Capital Group Inc.	55	738
	Kowloon Development Co Ltd.	49	152
	Kungsleden AB.	8	114
	LaBranche & Co Inc. (b)	38	208
	Land Securities Group PLC.	7	239
	LaSalle Hotel Properties.	15	620
	Legal & General Group PLC.	101	294
	Lehman Brothers Holdings Inc.	16	1013
	Lend Lease Corp Ltd.	11	205
	Leopalace21 Corp.	4	127
	Lexington Realty Trust.	33	653
	Liberty International PLC.	5	124
	Liberty Property Trust.	17	640
	Lincoln National Corp.	8	499
	Link REIT/The.	55	124
	Lloyds TSB Group PLC.	87	987
	Loews Corp.	13	638
	London Stock Exchange Group PL.	4	140
	M&T Bank Corp.	2	199
	Macerich Co/The.	11	943
	Mack-Cali Realty Corp.	12	475
	Macquarie Communications Infra.	21	112
	Macquarie CountryWide Trust.	64	120
	Macquarie DDR Trust.	106	116
	Macquarie Group Ltd.	8	626
	Macquarie Infrastructure Group.	89	262
	Macquarie Office Trust.	83	127
	Man Group Plc.	29	355
	Manulife Financial Corp.	24	1123
	Mapfre SA.	23	108
	Markel Corp.	1	543
	Marsh & McLennan Cos Inc.	16	414
	Marshall & Ilsley Corp.	47	2007
	MBIA Inc.	24	1033
	Mediobanca SpA.	6	142
	Meinl European Land Ltd.	5	70
	Mercury General Corp.	6	308
	Merrill Lynch & Co Inc.	23	1518
	Merrill Lynch Canada Inc.	1	66
	MetLife Inc.	13	895
	Metrovacesa SA.	2	117
	MGIC Investment Corp.	15	290
	MI Developments Inc.	3	96
	Mid-America Apartment Communit.	8	416
	Millea Holdings Inc.	27	1058
	Mirvac Group.	33	178

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Mitsubishi Estate Co Ltd.	45	1334
	Mitsubishi UFJ Financial Group.	10	99
	Mitsubishi UFJ Lease & Finance.	2	69
	Mitsubishi UFJ Nicos Co Ltd.	40	77
	Mitsui Fudosan Co Ltd.	29	794
	Mitsui Sumitomo Insurance Co L.	47	534
	Mizuho Trust & Banking Co Ltd.	56	99
	Montpelier Re Holdings Ltd.	16	286
	Morgan Stanley.	26	1749
	Muenchener Rueckversicherungs.	3	574
	Musashino Bank Ltd/The.	2	94
	Nanto Bank Ltd/The.	21	109
	Nasdaq Stock Market Inc/The.	15	701
	National Australia Bank Ltd.	53	2128
	National Bank of Canada.	2	116
	National Bank of Greece SA.	7	486
	National City Corp.	49	1188
	National Financial Partners Co.	14	765
	National Retail Properties Inc.	40	1014
	Nationwide Financial Services.	29	1556
	Nationwide Health Properties I.	54	1686
	New World Development Ltd.	74	264
	New York Community Bancorp Inc.	62	1154
	NewAlliance Bancshares Inc.	56	783
	Newcastle Investment Corp.	29	431
	Nexity.	1	66
	Nikko Cordial Corp.	12	172
	Nipponkoa Insurance Co Ltd.	27	246
	Nishi-Nippon City Bank Ltd/The.	32	94
	Nissay Dowa General Insurance.	19	107
	Nomura Holdings Inc.	63	1119
	Nomura Real Estate Holdings In.	4	115
	Nordea Bank AB.	32	572
	Northern Rock PLC.	7	27
	Nuveen Investments Inc.	12	778
	Nymex Holdings Inc.	2	257
	NYSE Euronext.	7	657
	Ogaki Kyoritsu Bank Ltd/The.	22	122
	Oita Bank Ltd/The.	17	103
	Okasan Holdings Inc.	17	113
	OKO Bank plc.	6	129
	Old Mutual PLC.	85	325
	Old National Bancorp/IN.	35	585
	Old Republic International Cor.	40	613
	Onex Corp.	3	126
	ORIX Corp.	3	604
	Oversea-Chinese Banking Corp.	82	521
	Pacific Capital Bancorp NA.	30	622
	Pargesa Holding SA.	1	114
	Park National Corp.	4	317
	PartnerRe Ltd.	13	1082
	Pennsylvania Real Estate Inves.	23	877
	Perpetual Ltd.	2	138
	PFF Bancorp Inc.	14	149
	Philadelphia Consolidated Hold.	23	938
	Phoenix Cos Inc/The.	57	785
	Piper Jaffray Cos.	6	308
	Piraeus Bank SA.	5	200
	Platinum Underwriters Holdings.	40	1440
	PMI Group Inc/The.	16	256
	PNC Financial Services Group I.	10	722
	Popular Inc.	47	496
	Power Corp Of Canada.	5	214
	Power Financial Corp.	4	178
	Principal Financial Group Inc.	8	541

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	ProAssurance Corp.	14	772
	Promise Co Ltd.	4	120
	Prosperity REIT.	172	36
	Protective Life Corp.	12	514
	Provident Bankshares Corp.	17	419
	Provident Financial Services I.	33	523
	Prudential Financial Inc.	12	1161
	Prudential PLC.	38	618
	PSP Swiss Property AG.	2	108
	Public Storage.	5	405
	QBE Insurance Group Ltd.	28	848
	Quintain Estates & Development.	6	77
	Radian Group Inc.	15	189
	Raiffeisen International Bank.	1	165
	RAIT Financial Trust.	34	309
	Ratos AB.	3	88
	Raymond James Financial Inc.	18	671
	Realty Income Corp.	60	1772
	Redwood Trust Inc.	14	369
	Regency Centers Corp.	11	786
	Regions Financial Corp.	21	570
	Reinsurance Group of America I.	7	400
	RenaissanceRe Holdings Ltd.	12	700
	Resolution Plc.	11	167
	RioCan REIT.	5	123
	RLI Corp.	8	465
	Royal & Sun Alliance Insurance.	46	151
	Royal Bank of Canada.	20	1186
	Royal Bank of Scotland Group P.	146	1568
	Safeco Corp.	19	1100
	Sampo Oyj.	8	251
	San-In Godo Bank Ltd/The.	12	108
	Schroders PLC.	4	128
	Segro PLC.	9	87
	Selective Insurance Group.	36	875
	Senior Housing Properties Trus.	50	1121
	Senshu Bank Ltd/The.	43	100
	Shenzhen Investment Ltd.	125	119
	Shiga Bank Ltd/The.	17	120
	Shimao Property Holdings Ltd.	40	141
	Shinko Securities Co Ltd.	22	113
	Shinsei Bank Ltd.	49	157
	Shizuoka Bank Ltd/The.	23	240
	Shui On Land Ltd.	103	142
	Shun Tak Holdings Ltd.	69	108
	Simon Property Group Inc.	9	937
	Singapore Exchange Ltd.	35	377
	Sino Land Co.	48	149
	Skandinaviska Enskilda Banken.	8	245
	SL Green Realty Corp.	9	1086
	Societa Cattolica di Assicuraz.	2	132
	Societe Generale.	7	1175
	Sompo Japan Insurance Inc.	33	384
	South Financial Group Inc/The.	39	806
	Sovereign Bancorp Inc.	61	880
	St George Bank Ltd.	18	609
	Standard Chartered PLC.	22	854
	Standard Life PLC.	32	189
	State Street Corp.	18	1436
	Sterling Bancshares Inc/TX.	39	476
	Sterling Financial Corp/WA.	27	608
	Stockland.	46	383
	Storebrand ASA.	7	100
	Strategic Hotels & Resorts Inc.	39	852
	Sumitomo Real Estate Sales Co.	1	72

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Sumitomo Realty & Development. 16 559

Sumitomo Trust & Banking Co Lt. 55 406

Sun Hung Kai Properties Ltd. 45 852

Sun Life Financial Inc. 9 523

Suncorp-Metway Ltd. 30 567

Sunstone Hotel Investors Inc. 33 918

Suntec REIT. 87 109

SunTrust Banks Inc. 9 653

Suruga Bank Ltd. 9 118

Susquehanna Bancshares Inc. 28 565

SVB Financial Group. (b) 13 673

Svenska Handelsbanken AB. 8 265

Swedbank AB. 6 188

Swiss Reinsurance. 6 563

SWS Group Inc. 19 361

Sydbank A/S. 2 92

Synovus Financial Corp. 55 1450

T Rowe Price Group Inc. 41 2634

T&D Holdings Inc. 8 476

Takefuji Corp. 4 102

Taubman Centers Inc. 20 1177

TCF Financial Corp. 23 524

TD Ameritrade Holding Corp. (b) 9 172

Thornburg Mortgage Inc. 22 231

Toho Bank Ltd/The. 25 96

Tokai Tokyo Securities Co Ltd. 19 101

Tokyo Tatemono Co Ltd. 10 127

Tokyo Tomin Bank Ltd/The. 3 99

Tokyu Land Corp. 15 154

Torchmark Corp. 18 1173

Toronto-Dominion Bank. 11 831

Travelers Cos Inc/The. 17 888

Trustco Bank Corp NY. 50 527

Trustmark Corp. 27 729

TrygVesta AS. 1 79

UBS AG. 29 1551

UCBH Holdings Inc. 62 1058

UDR Inc. 25 594

Umpqua Holdings Corp. 34 576

Unibail-Rodamco. 1 249

UniCredito Italiano SpA. 189 1618

UnionBanCal Corp. 10 540

Unione di Banche Italiane SCPA. 10 278

Unipol Gruppo Finanziario SpA. 66 242

United Bankshares Inc. 26 788

United Industrial Corp Ltd. 53 114

United Overseas Bank Ltd. 40 594

Unitrin Inc. 10 463

Unum Group. 71 1657

UOL Group Ltd. 30 109

Urban Corp. 7 121

US Bancorp. 46 1525

Valad Property Group. 68 120

Valley National Bancorp. 21 430

Van Lanschot NV. 1 104

Vastned Retail NV. 1 86

Ventas Inc. 24 1029

W Holding Co Inc. 62 130

Wachovia Corp. 54 2469

Waddell & Reed Financial Inc. 15 498

Washington Federal Inc. 51 1232

Washington Mutual Inc. 26 725

Webster Financial Corp. 30 1087

Weingarten Realty Investors. 15 574

Wells Fargo & Co. 107 3639

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description       Principal Amount       Value ($)

          Westfield Group. 59 1198

Westpac Banking Corp. 61 1735

Wheelock & Co Ltd. 42 135

White Mountains Insurance Grou. 1 538

Whitney Holding Corp. 40 1026

Willis Group Holdings Ltd. 20 847

Wilmington Trust Corp. 12 436

Wing Hang Bank Ltd. 9 105

Wing Lung Bank. 10 103

Wing Tai Holdings Ltd. 44 105

WR Berkley Corp. 37 1113

XL Capital Ltd. 5 360

Yamaguchi Financial Group Inc. 9 105

Yamanashi Chuo Bank Ltd/The. 17 99

Yanlord Land Group Ltd. 51 138

Zenith National Insurance Corp. 20 804

Zurich Financial Services AG. 2 602

326,484

     HOLDING COMPANIES (0.1%)

Ackermans & Van Haaren. 1 104

Beijing Enterprises Holdings L. 25 154

China Merchants Holdings Inter. 33 230

China Resources Enterprise. 35 152

Citic Pacific Ltd. 25 156

Citic Resources Holdings Ltd. (b) 148 94

First Pacific Co. 148 112

GEA Group AG. 3 112

Groupe Bruxelles Lambert SA. 1 128

Guangdong Investment Ltd. 162 110

Guangzhou Investment Co Ltd. 339 143

Hutchison Whampoa Ltd. 70 872

IFIL - Investments SpA. 10 114

Jardine Matheson Holdings Ltd. 14 427

Jardine Strategic Holdings Ltd. 13 216

LVMH Moet Hennessy Louis Vuitt. 4 515

Melco International Developmen. 75 140

Noble Group Ltd. 97 158

NWS Holdings Ltd. 45 169

Shanghai Industrial Holdings L. 25 146

Sherritt International Corp. 7 130

Swire Pacific Ltd. 73 493

Washington H Soul Pattinson &. 13 117

Wharf Holdings Ltd. 40 239

5,231

     HEALTH CARE (0.1%)

Csl Limited. 18 613

Johnson & Johnson. 70 4562

Pfizer Inc. 185 4553

9,728

     INDUSTRIAL (3.0%)

3M Co. 21 1814

AAR Corp. (b) 14 449

ABB Ltd. 35 1053

ACS Actividades de Construccio. 3 186

Actuant Corp. 10 690

Acuity Brands Inc. 16 765

Adelaide Brighton Ltd. 38 130

Advantest Corp. 6 172

Aeroports de Paris. 1 114

AGFA-Gevaert NV. 5 69

Agilent Technologies Inc. 16 590

Albany International Corp. 14 525

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Alfa Laval AB. 2 158

Alliant Techsystems Inc. 12 1325

Allied Waste Industries Inc. 54 683

Alps Electric Co Ltd. 11 137

Alstom. 2 472

Amada Co Ltd. 13 130

Amcor Ltd. 30 196

Amec PLC. 8 139

American Commercial Lines Inc. 7 104

Ametek Inc. 16 752

Amphenol Corp. 27 1195

Ansell Ltd. 11 127

Applera Corp - Applied Biosyst. 34 1263

Aptargroup Inc. 24 1073

Arkansas Best Corp. 15 412

Arriva Plc. 7 122

Arrow Electronics Inc. (b) 21 840

Asahi Glass Co Ltd. 39 531

Asahi Pretec Corp. 3 102

Assa Abloy AB. 5 105

Astec Industries Inc. 8 363

Auckland International Airport. 43 95

Avnet Inc. (b) 26 1085

BAE Systems PLC. 52 539

Balfour Beatty PLC. 12 124

BE Aerospace Inc. 35 1740

Belden Inc. 17 991

Bemis Co Inc. 21 591

Benchmark Electronics Inc. 49 1005

Bilfinger Berger AG. 1 88

Boeing Co. 30 2958

Bombardier Inc. (b) 22 130

Boral Ltd. 20 126

Bouygues. 4 384

Bradken Ltd. 12 164

Briggs & Stratton Corp. 26 585

Brink's Co/The. 14 877

Brother Industries Ltd. 9 120

Bucyrus International Inc. 14 1155

Burlington Northern Santa Fe C. 10 872

Buzzi Unicem SpA. 3 85

CAE Inc. 8 108

Campbell Brothers Ltd. 5 159

Canadian National Railway Co. 7 393

Canadian Pacific Railway Ltd. 2 141

Cargotec Corp. 2 124

Carillion PLC. 13 110

Carlisle Cos Inc. 23 907

Casio Computer Co Ltd. 9 85

Central Glass Co Ltd. 19 89

Ceradyne Inc. 10 684

CH Robinson Worldwide Inc. 27 1348

Charter Plc. (b) 5 113

Checkpoint Systems Inc. (b) 21 635

Cheung Kong Infrastructure Hol. 30 117

China Grand Forestry Resources. (b) 264 92

Chiyoda Corp. 6 110

Cie de Saint-Gobain. 6 643

Cimpor Cimentos de Portugal SG. 11 100

Cobham PLC. 28 123

Coherent Inc. 10 328

ComfortDelgro Corp Ltd. 80 107

Commercial Metals Co. 22 690

COMSYS Holdings Corp. 10 97

Cookson Group PLC. 8 139

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Cooper Industries Ltd. 32 1676

Cosco Corp Singapore Ltd. 32 171

Crane Group Ltd. 7 110

CRH PLC. 8 306

CSR Ltd. 38 121

CTS Corp. 24 296

Cummins Inc. 14 1679

Cymer Inc. 14 595

Daifuku Co Ltd. 9 106

Daiichi Chuo Kisen Kaisha. 15 124

Daikin Industries Ltd. 9 451

Dainippon Screen Manufacturing. 15 88

Danaher Corp. 9 771

Deere & Co. 6 929

Deutsche Post AG. 13 394

Dionex Corp. 7 616

Disco Corp. 2 118

Donaldson Co Inc. 26 1114

Downer EDI Ltd. 18 111

DRS Technologies Inc. 15 862

Dyno Nobel Ltd. 59 135

EADS. 5 170

Eagle Materials Inc. 18 711

Eastman Kodak Co. 52 1490

Eaton Corp. 33 3055

Ebara Corp. 23 108

Eiffage SA. 1 113

Electrocomponents PLC. 21 109

EMCOR Group Inc. 24 826

Energizer Holdings Inc. 9 939

Energy Conversion Devices Inc. 15 409

ESCO Technologies Inc. (b) 10 414

Esterline Technologies Corp. (b) 10 548

Expeditors International Washi. 33 1671

Fanuc Ltd. 7 761

FCC. 1 87

FedEx Corp. 9 930

Finmeccanica SpA. 4 119

Finning International Inc. 4 138

Firstgroup Plc. 8 132

Fletcher Building Ltd. 16 146

Flir Systems Inc. 25 1735

Florida Rock Industries Inc. 9 566

Flowserve Corp. 9 711

FLSmidth & Co A/S. 1 108

Fluor Corp. 13 2054

Forward Air Corp. 10 326

Foster Wheeler Ltd. (b) 11 1631

Fuji Electric Holdings Co Ltd. 26 98

FUJIFILM Holdings Corp. 17 810

Fujikura Ltd. 17 109

Fukuyama Transporting Co Ltd. 21 93

Funai Electric Co Ltd. 2 84

Furukawa Electric Co Ltd. 23 110

Futuris Corp Ltd. 53 105

Gamesa Corp Tecnologica SA. 3 152

Gardner Denver Inc. 20 723

Garmin Ltd. 19 2041

General Cable Corp. (b) 20 1440

General Dynamics Corp. 10 910

General Electric Co. 276 11360

General Maritime Corp. 18 507

Genlyte Group Inc. 3 195

Gentex Corp. 26 540

Glory Ltd. 4 131

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Go-Ahead Group Plc. 2 112

GrafTech International Ltd. 62 1172

Granite Construction Inc. 13 557

Grupo Ferrovial SA. 1 87

GS Yuasa Corp. 40 88

GWA International Ltd. 29 98

Hamamatsu Photonics KK. 3 94

Hankyu Hanshin Holdings Inc. 42 196

Harsco Corp. 13 788

Heidelberger Druckmaschinen AG. 2 82

Hirose Electric Co Ltd. 1 119

Hitachi Cable Ltd. 18 119

Hitachi Construction Machinery. 3 122

Hitachi Koki Co Ltd. 6 106

Hitachi Ltd. 110 745

Hitachi Zosen Corp. (b) 56 93

Hochtief AG. 1 137

Holcim Ltd. 3 342

Honeywell International Inc. 18 1087

Hong Kong Aircraft Engineerg. 6 152

Horiba Ltd. 3 133

Hosiden Corp. 7 122

HOYA CORP. 14 506

Hubbell Inc. 9 495

Ibiden Co Ltd. 5 422

IDEX Corp. 30 1063

Ihi Corp. 48 114

Iino Kaiun Kaisha Ltd. 8 112

Imerys SA. 1 97

IMI Plc. 9 105

Impregilo SpA. (b) 13 104

Infratil Ltd. 45 106

Ingersoll-Rand Co Ltd. 6 302

Insituform Technologies Inc. 18 253

Intermec Inc. 18 458

Invensys PLC. 14 95

Itron Inc. 11 1182

ITT Corp. 28 1874

Jacobs Engineering Group Inc. (b) 18 1569

Japan Airport Terminal Co Ltd. 6 116

Japan Aviation Electronics Ind. 7 107

Japan Steel Works Ltd/The. 12 193

JGC Corp. 8 158

Joy Global Inc. 17 987

JS Group Corp. 9 145

Kajima Corp. 35 123

Kawasaki Heavy Industries Ltd. 51 183

Kawasaki Kisen Kaisha Ltd. 19 260

Kaydon Corp. 11 592

Keihan Electric Railway Co Ltd. 30 120

Keihin Electric Express Railwa. 18 110

Keio Corp. 19 115

Keisei Electric Railway Co Ltd. 21 115

Kemet Corp. 56 396

Kennametal Inc. 15 1368

Keyence Corp. 1 229

Kinden Corp. 12 106

Kingspan Group Plc. 4 95

Kintetsu Corp. 56 170

Kirby Corp. (b) 8 365

Kitz Corp. 11 90

Komatsu Ltd. 31 1024

Komori Corp. 5 131

Kone OYJ. 2 165

Konica Minolta Holdings Inc. 18 312

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Koninklijke BAM Groep NV. 4 106

Kubota Corp. 38 318

Kuehne & Nagel International A. 1 107

Kurita Water Industries Ltd. 4 132

Kyocera Corp. 6 502

Kyowa Exeo Corp. 9 80

L-3 Communications Holdings In. 19 2083

Lafarge SA. 2 325

Landstar System Inc. 21 884

Leggett & Platt Inc. 35 680

Legrand SA. 3 111

Leighton Holdings Ltd. 4 232

Lincoln Electric Holdings Inc. 15 1084

Littelfuse Inc. 8 255

Mabuchi Motor Co Ltd. 2 135

Macquarie Airports. 54 220

Makino Milling Machine Co Ltd. 8 83

Makita Corp. 5 239

MAN AG. 2 357

Manitowoc Co Inc/The. 18 887

Martin Marietta Materials Inc. 6 776

Maruichi Steel Tube Ltd. 4 113

Masco Corp. 8 193

Matsushita Electric Works Ltd. 12 132

Matthews International Corp. 12 547

McDermott International Inc. (b) 34 2076

Meggitt PLC. 17 121

Methode Electronics Inc. 27 339

Metso Oyj. 2 122

Mettler Toledo International I. 6 638

Mine Safety Appliances Co. 10 458

Minebea Co Ltd. 20 138

MISUMI Group Inc. 6 101

Mitsubishi Electric Corp. 71 859

Mitsubishi Heavy Industries Lt. 111 639

Mitsui Engineering & Shipbuild. 26 151

Mitsui OSK Lines Ltd. 39 637

Mitsumi Electric Co Ltd. 3 137

Miura Co Ltd. 3 93

Molex Inc. 14 382

Monadelphous Group Ltd. 8 125

Moog Inc. (b) 14 646

Mori Seiki Co Ltd. 3 75

MTR Corp. 43 148

Mueller Industries Inc. 20 719

Mueller Water Products Inc. 32 339

Multiplex Group. 28 131

Murata Manufacturing Co Ltd. 7 422

Nabtesco Corp. 7 118

Nachi-Fujikoshi Corp. 21 103

Nagoya Railroad Co Ltd. 37 109

Nankai Electric Railway Co Ltd. 36 99

National Express Group PLC. 5 137

National Instruments Corp. 22 714

NCI Building Systems Inc. 6 235

NEC Corp. 67 331

Neptune Orient Lines Ltd. 29 102

Newport Corp. (b) 16 219

NGK Insulators Ltd. 10 351

Nichias Corp. 11 83

Nichicon Corp. 7 83

Nidec Corp. 4 300

Nikon Corp. 11 348

Nippon Chemi-Con Corp. 10 78

Nippon Electric Glass Co Ltd. 12 203

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Nippon Express Co Ltd. 31 155

Nippon Konpo Unyu Soko Co Ltd. 8 106

Nippon Sheet Glass Co Ltd. 22 133

Nippon Yusen KK. 40 409

Nishimatsu Construction Co Ltd. 31 95

Nishi-Nippon Railroad Co Ltd. 30 109

NKT Holding A/S. 1 109

Nordson Corp. 12 642

Norfolk Southern Corp. 13 671

Norsk Hydro ASA. 11 162

Northrop Grumman Corp. 9 753

NSK Ltd. 16 140

NTN Corp. 15 142

Obayashi Corp. 24 120

Odakyu Electric Railway Co Ltd. 20 140

Oesterreichische Post AG. 2 83

OKUMA Corp. 7 97

Okumura Corp. 20 105

Old Dominion Freight Line Inc. 13 294

Olympus Corp. 8 329

Omron Corp. 8 195

Orbotech Ltd. (b) 22 455

Orient Overseas International. 9 92

OSG Corp. 8 101

Owens-Illinois Inc. 26 1155

Pacer International Inc. 18 265

Pacific Basin Shipping Ltd. 73 161

Packaging Corp of America. 17 541

Pall Corp. 22 882

Park Electrochemical Corp. 6 188

Parker Hannifin Corp. 36 2893

Peace Mark Holdings Ltd. 69 113

Pentair Inc. 18 637

Power-One Inc. 54 306

Precision Castparts Corp. 6 899

Regal-Beloit Corp. 12 588

Republic Services Inc. 35 1197

Rexam PLC. 11 124

Rheinmetall AG. 1 88

Rockwell Automation Inc/DE. 5 344

Rockwell Collins Inc. 26 1945

Rolls-Royce Group PLC. 28 313

Roper Industries Inc. 14 991

Royal Philips. 18 744

Ryder System Inc. 13 622

Ryobi Ltd. 16 107

Ryosan Co Ltd. 4 99

Sacyr Vallehermoso SA. 2 94

Safran SA. 4 101

Sagami Railway Co Ltd. 33 116

Saia Inc. 10 141

Sankyu Inc. 22 124

Sanmina-SCI Corp. 131 290

Sanwa Holdings Corp. 18 95

Sanyo Electric Co Ltd. 70 115

Schindler Holding AG. 2 140

Schneider Electric SA. 4 551

Seino Holdings Corp. 11 94

SembCorp Industries Ltd. 29 118

SembCorp Marine Ltd. 40 123

Sharp Corp. 36 563

Shima Seiki Manufacturing Ltd. 2 102

Shimizu Corp. 24 125

Siemens AG. 13 1777

SIG Plc. 4 88

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Sims Group Ltd. 5 131

Singapore Post Ltd. 132 111

Sintokogio Ltd. 7 100

Skanska AB. 6 119

SMC Corp/Japan. 2 267

Snap-On Inc. 22 1098

SNC-Lavalin Group Inc. 3 155

Sonoco Products Co. 18 557

Spectris PLC. 6 108

Spirit Aerosystems Holdings In. 40 1389

ST Engineering. 44 116

Stanley Electric Co Ltd. 6 132

Stanley Works/The. 15 863

Star Micronics Co Ltd. 4 125

Stericycle Inc. 15 875

STX Pan Ocean Co Ltd. 70 178

Sumitomo Electric Industries L. 25 402

Sumitomo Heavy Industries Ltd. 20 261

Sumitomo Osaka Cement Co Ltd. 43 107

Tadano Ltd. 7 87

Taiheiyo Cement Corp. 31 97

Taisei Corp. 35 105

Taiyo Yuden Co Ltd. 5 82

Takasago Thermal. 10 104

Techtronic Industries Co. 91 98

Teekay Corp. 10 560

Tektronix Inc. 14 530

Teledyne Technologies Inc. 14 732

Teleflex Inc. 15 1098

Tenaris SA. 7 187

Terex Corp. (b) 16 1188

Tetra Tech Inc. 31 724

Texas Industries Inc. 10 731

Textron Inc. 8 554

Thales SA. 2 125

THK Co Ltd. 5 109

Thomas & Betts Corp. (b) 9 504

Timken Co. 14 466

Titan Cement Co SA. 2 98

TNT NV. 6 245

Tobu Railway Co Ltd. 28 132

Toda Corp. 20 104

Toho Zinc Co Ltd. 11 98

Tokyo Seimitsu Co Ltd. 3 70

Tokyu Corp. 35 226

Toll Holdings Ltd. 20 248

Tomkins Plc. 22 101

Toshiba Corp. 106 887

Toyo Seikan Kaisha Ltd. 6 108

Toyo Tanso Co Ltd. 1 99

Toyota Industries Corp. 7 297

Transfield Services Ltd. 11 161

Transpacific Industries Group. 9 93

Transport International Holdin. 20 101

Travis Perkins PLC. 3 91

Tredegar Corp. 20 348

Trelleborg AB. 4 102

Trimble Navigation Ltd. 44 1835

Trinity Industries Inc. 12 434

Tsubakimoto Chain Co. 15 103

Tyco International Ltd. 15 618

Ulvac Inc. 3 116

Union Pacific Corp. 8 1024

Union Tool Co. 2 74

United Group Ltd. 7 139

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description       Principal Amount       Value ($)

          United Technologies Corp. 29 2221

URS Corp. (b) 23 1422

Ushio Inc. 6 123

UTi Worldwide Inc. 10 255

Vallourec. 1 290

Varian Inc. 12 887

Venture Corp Ltd. 11 106

Vestas Wind Systems A/S. (b) 3 268

Vishay Intertechnology Inc. 31 390

Wabtec Corp. 18 676

Wartsila Oyj. 2 163

Washington Group International. (b) 11 1071

Waste Connections Inc. 28 947

Waste Management Inc. 15 546

Waters Corp. 16 1232

Weir Group Plc (The). 7 129

Werner Enterprises Inc. 32 609

Wesfarmers Ltd. 13 532

Wienerberger AG. 2 125

WorleyParsons Ltd. 6 268

Worthington Industries Inc. 37 925

Yamatake Corp. 4 124

Yamato Holdings Co Ltd. 15 220

Yaskawa Electric Corp. 9 120

YIT OYJ. 3 92

Yokogawa Electric Corp. 8 100

YRC Worldwide Inc. (b) 31 762

Zardoya Otis SA. 3 101

Zebra Technologies Corp. 9 352

198,782

     TECHNOLOGY (2.1%)

ACI Worldwide Inc. 36 823

Actel Corp. 19 216

Activision Inc. 49 1159

Adobe Systems Inc. (b) 23 1102

Advanced Micro Devices Inc. (b) 90 1177

Advent Software Inc. 12 664

Affiliated Computer Services I. 14 709

Agilysys Inc. 14 242

Altera Corp. 55 1079

Amkor Technology Inc. 55 623

Analog Devices Inc. 13 435

Ansys Inc. 30 1164

Apple Inc. (b) 31 5888

Applied Materials Inc. 55 1068

ARM Holdings Plc. 36 111

ASM Pacific Technology. 12 94

ASML Holding NV. 6 209

Asyst Technologies Inc. 29 139

ATMI Inc. 11 354

Atos Origin SA. (b) 2 122

Autodesk Inc. (b) 36 1760

Automatic Data Processing Inc. 21 1041

Autonomy Corp PLC. 6 123

Avid Technology Inc. 15 441

Axcelis Technologies Inc. 66 310

BEA Systems Inc. 71 1200

BMC Software Inc. 31 1049

Borland Software Corp. 56 245

Broadcom Corp. 18 586

Brocade Communications Systems. 363 3452

Brooks Automation Inc. 64 831

Business Objects SA. (b) 2 120

CA Inc. 20 529

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Cabot Microelectronics Corp. 8 317

CACI International Inc. 12 646

Canon Inc. 41 2043

Cap Gemini SA. 2 127

Cerner Corp. 10 596

CGI Group Inc. 11 125

Ciber Inc. 40 312

Citrix Systems Inc. 28 1204

Cognizant Technology Solutions. 44 1824

Cognos Inc. 3 151

Computer Sciences Corp. (b) 34 1985

Computershare Ltd. 16 127

Compuware Corp. 59 590

Conexant Systems Inc. 258 330

CSG Systems International Inc. 24 493

CSK Holdings Corp. 3 117

CSR PLC. 7 94

Dassault Systemes SA. 2 125

Dell Inc. 85 2601

DSP Group Inc. 19 300

DST Systems Inc. 8 678

Dun & Bradstreet Corp. 9 872

Electronic Arts Inc. 12 733

Electronics for Imaging. 34 775

EMC Corp/Massachusetts. (b) 89 2260

Emulex Corp. 46 996

Entegris Inc. 78 712

Factset Research Systems Inc. 7 494

Fidelity National Information. 30 1384

Fiserv Inc. 26 1440

Formfactor Inc. 17 665

Fujitsu Ltd. 68 530

Global Payments Inc. 12 571

Hewlett-Packard Co. 111 5736

Hutchinson Technology Inc. 14 332

IBM. 36 4180

IKON Office Solutions Inc. 58 766

Imation Corp. 18 401

Indra Sistemas SA. 4 116

Infineon Technologies AG. (b) 12 176

Informatica Corp. 32 547

Intel Corp. 248 6671

International Rectifier Corp. 9 300

Intersil Corp. 25 759

Intuit Inc. 48 1544

Itochu Techno-Solutions Corp. 3 106

Jack Henry & Associates Inc. 50 1461

Kla-Tencor Corp. 7 369

Konami Corp. 5 147

Kulicke & Soffa Industries Inc. (b) 41 310

Lam Research Corp. 18 904

Lattice Semiconductor Corp. 70 293

Lenovo Group Ltd. 162 182

Linear Technology Corp. 10 330

LogicaCMG PLC. 34 115

Logitech International SA. (b) 4 139

Marvell Technology Group Ltd. 17 307

Mastercard Inc. 10 1896

Maxim Integrated Products Inc. 13 352

MEMC Electronic Materials Inc. 10 732

Micrel Inc. 38 344

Micros Systems Inc. 15 1077

Microsemi Corp. (b) 25 665

Microsoft Corp. 354 13031

Misys PLC. 22 111

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	National Semiconductor Corp.	37	930
	NAVTEQ Corp.	15	1158
	NCR Corp.	28	773
	Neopost SA.	1	116
	Network Appliance Inc.	13	409
	Nomura Research Institute Ltd.	5	176
	Novell Inc.	62	469
	Novellus Systems Inc.	21	597
	Nvidia Corp.	26	920
	ON Semiconductor Corp.	39	398
	Oracle Corp Japan.	2	92
	Oracle Corp.	167	3702
	Otsuka Corp.	1	95
	Palm Inc.	64	577
	Parametric Technology Corp.	68	1299
	Paychex Inc.	13	543
	Perot Systems Corp.	47	686
	Photronics Inc.	26	284
	Pitney Bowes Inc.	7	280
	PMC - Sierra Inc.	126	1135
	QLogic Corp.	33	512
	Quantum Corp.	115	460
	Rambus Inc.	16	317
	Red Hat Inc.	30	648
	Research In Motion Ltd.	6	748
	Ricoh Co Ltd.	24	469
	Rohm Co Ltd.	4	348
	Sage Group PLC.	23	116
	Salesforce.com Inc.	19	1071
	SanDisk Corp.	9	400
	Sanken Electric Co Ltd.	14	79
	SAP AG.	14	761
	SEI Investments Co.	22	696
	Seiko Epson Corp.	5	117
	Semiconductor Manufacturing In.	834	95
	Semtech Corp.	39	667
	Shinko Electric Industries Co.	4	91
	Silicon Laboratories Inc.	21	918
	Silicon Storage Technology Inc.	36	120
	Skyworks Solutions Inc. (b)	85	784
	Software AG.	1	94
	Square Enix Co Ltd.	4	131
	SRA International Inc.	16	439
	STMicroelectronics NV.	10	171
	Sun Microsystems Inc.	107	611
	Sybase Inc.	54	1544
	Synopsys Inc.	26	735
	Take-Two Interactive Software.	32	601
	TDK Corp.	4	326
	Teradata Corp.	59	1683
	Teradyne Inc.	40	494
	Tessera Technologies Inc.	18	687
	Texas Instruments Inc.	61	1989
	THQ Inc.	25	677
	Tietoenator Oyj.	4	98
	Tokyo Electron Ltd.	5	291
	Trident Microsystems Inc.	22	166
	TriQuint Semiconductor Inc.	100	627
	Unisys Corp. (b)	64	389
	Varian Semiconductor Equipment.	28	1289
	VeriFone Holdings Inc.	10	494
	Western Digital Corp.	49	1270
	Wincor Nixdorf AG.	1	99
	Wind River Systems Inc.	50	626
	Xerox Corp.	42	732
	Xilinx Inc.	66	1610
			141,610

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description       Principal Amount       Value ($)

     UTILITIES (1.1%)

           AEM SpA. 32 135

AES Corp/The. (b) 26 557

AGL Energy Ltd. 14 157

AGL Resources Inc. 46 1818

Algonquin Power Income Fund. 4 37

Allegheny Energy Inc. 25 1517

Allete Inc. 15 655

Alliant Energy Corp. 21 840

Ameren Corp. 40 2162

American Electric Power Co Inc. 12 579

Aqua America Inc. 22 512

Aquila Inc. (b) 242 1012

Atco Ltd. 2 134

Atmos Energy Corp. 50 1403

Avista Corp. 28 617

Babcock & Brown Infrastructure. 75 114

Black Hills Corp. 20 888

British Energy Group PLC. 16 177

Canadian Utilities Ltd. 2 115

Centerpoint Energy Inc. 52 872

Centrica PLC. 57 437

China Resources Power Holdings. 42 155

Chubu Electric Power Co Inc. 24 613

Chugoku Electric Power Co Inc/. 10 196

Cleco Corp. 32 843

CLP Holdings Ltd. 54 363

CMS Energy Corp. 41 696

Consolidated Edison Inc. 9 424

Contact Energy Ltd. 15 105

Dominion Resources Inc/VA. 7 641

DPL Inc. 23 668

DTE Energy Co. 33 1637

Duke Energy Corp. 37 709

Dynegy Inc. (b) 74 682

E.ON AG. 11 2152

Edison International. 9 523

El Paso Electric Co. 24 584

Electric Power Development Co. 5 198

Electricite de France. 4 480

Enagas. 5 142

Endesa SA. 7 365

Enel SpA. 65 778

Energias de Portugal SA. 35 225

Energy East Corp. 29 809

Entergy Corp. 6 719

Exelon Corp. 20 1656

FirstEnergy Corp. 9 627

Fortis Inc. 4 120

Fortum Oyj. 7 303

FPL Group Inc. 11 753

Gas Natural SDG SA. 2 123

Gaz de France SA. 3 170

Great Plains Energy Inc. 18 537

Hawaiian Electric Industries I. 48 1114

Hokkaido Electric Power Co Inc. 7 150

Hokuriku Electric Power Co. 7 146

Hong Kong & China Gas Co. 120 321

HongKong Electric Holdings. 43 220

Iberdrola SA. 60 965

Idacorp Inc. 23 802

Integrys Energy Group Inc. 14 753

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

International Power PLC. 23 234

Kansai Electric Power Co Inc/T. 28 629

Kyushu Electric Power Co Inc. 15 365

MDU Resources Group Inc. 31 873

National Grid PLC. 42 700

Nicor Inc. 8 346

NiSource Inc. 50 1022

Northeast Utilities. 28 863

Northumbrian Water Group PLC. 18 123

Northwest Natural Gas Co. 14 674

NorthWestern Corp. 24 662

NRG Energy Inc. 41 1872

NSTAR. 20 703

OGE Energy Corp. 17 651

Osaka Gas Co Ltd. 70 271

Pennon Group PLC. 9 117

Pepco Holdings Inc. 41 1168

PG&E Corp. 10 489

Piedmont Natural Gas Co. 39 996

Pinnacle West Capital Corp. 18 727

PNM Resources Inc. 37 925

PPL Corp. 11 569

Progress Energy Inc. 8 384

Public Power Corp SA. 4 162

Public Service Enterprise Grou. 9 860

Puget Energy Inc. 21 593

Red Electrica de Espana. 2 112

Reliant Energy Inc. 62 1706

RWE AG. 8 1075

SCANA Corp. 19 771

Scottish & Southern Energy PLC. 13 421

Sempra Energy. 7 430

Severn Trent PLC. 4 121

Shikoku Electric Power Co Inc. 8 200

Sierra Pacific Resources. 40 675

Snam Rete Gas SpA. 19 123

Sociedad General de Aguas de B. 3 120

Southern Co. 20 733

Southwest Gas Corp. 22 655

Suez SA. 18 1170

TECO Energy Inc. 38 640

Terna Rete Elettrica Nazionale. 32 125

Toho Gas Co Ltd. 23 119

Tohoku Electric Power Co Inc. 17 358

Tokyo Electric Power Co Inc/Th. 45 1139

Tokyo Gas Co Ltd. 79 350

TransAlta Corp. 4 144

TrustPower Ltd. 17 122

UGI Corp. 62 1650

Union Fenosa SA. 2 133

Unisource Energy Corp. 22 698

United Utilities PLC. 14 212

Vectren Corp. 45 1262

Veolia Environnement. 6 536

Verbund. 2 132

Westar Energy Inc. 55 1464

WGL Holdings Inc. 26 882

Wisconsin Energy Corp. 21 1005

Xcel Energy Inc. 82 1849

76,315

Total Common Stock (Cost $ 1,453,673) 1,551,213

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

			Shares or
Security Description			Principal Amount	Value ($)
CORPORATE BONDS (17.1%)
	BASIC MATERIALS (1.8%)
		E.I. Du Pont De Nemours, 4.88%, 4/30/2014	95,000	92,352
		Eastman Chemical, 7.60%, 2/1/2027	25,000	27,553
				119,905

	COMMUNICATIONS (3.1%)
		Comcast Corp., 6.50%, 11/15/2035	95,000	96,377
		Verizon Communications, 7.25%, 12/1/2010	101,000	107,751
				204,128

	CONSUMER GOODS (1.4%)
		Bottling Group Llc., 4.63%, 11/15/2012	5,000	4,922
		Kimberly-Clark Corp., 5.00%, 8/15/2013	20,000	19,797
		Kohls Corporation, 6.00%, 1/15/2033	46,000	41,587
		Procter & Gamble Co., 4.95%, 8/15/2014	14,000	13,885
		Target Corp., 5.88%, 3/1/2012	10,000	10,300
				90,491

	FINANCIAL (7.3%)
		Allstate Corp., 7.20%, 12/1/2009	10,000	10,446
		American General Finance, 5.38%, 10/1/2012	38,000	37,611
		Citigroup Inc., 6.63%, 1/15/2028	23,000	24,103
		Countrywide Financial Corp., 6.25%, 5/15/2016	75,000	59,693
		Credit Suisse (USA) Inc., 6.13%, 11/15/2011	30,000	31,021
		Goldman Sachs Group Inc., 5.95%, 1/15/2027	49,000	45,556
		Lehman Brothers Holdings, 6.63%, 1/18/2012	13,000	13,412
		Merrill Lynch & Co., 6.05%, 5/16/2016	55,000	54,530
		Morgan Stanley, 6.75%, 4/15/2011	27,000	28,214
		National Rural Utilities, 7.25%, 3/1/2012	72,000	77,175
		US Bank NA., 6.38%, 8/1/2011	13,000	13,548
		W.R. Berkley Corporation, 6.15%, 8/15/2019	45,000	44,797
		Wachovia Bank NA., 7.80%, 8/18/2010	22,000	23,579
		Wells Fargo & Co., 4.63%, 8/9/2010	24,000	23,768
				487,453

	INDUSTRIAL (2.2%)
		Boeing Co., 6.13%, 2/15/2033	11,000	11,366
		General Electric Company, 5.00%, 2/1/2013	30,000	29,762
		Norfolk Southern Corp., 6.20%, 4/15/2009	36,000	36,524
		Union Pacific Corp., 4.88%, 1/15/2015	70,000	66,873
				144,525

	TECHNOLOGY (0.2%)
		IBM Corp., 8.38%, 11/1/2019	10,000	12,320
				12,320

	UTILITIES (1.1%)
		Florida Power & Light, 5.95%, 10/1/2033	75,000	74,916
				74,916

Total Corporate Bonds (Cost $ 1,140,081)				1,133,738

U.S. Government Agency Pass-Through Securities (18.70%)
	FREDDIE MAC (1.5%)
		4.41%, 10/1/2035, Pool #836206	8,063	7,984
		4.50%, 1/1/2019, Pool #735057	2,401	2,329
		4.50%, 9/1/2020, Pool #839289	2,499	2,419
		5.00%, 1/1/2019, Pool #255077	7,131	7,021
		5.00%, 12/1/2019, Pool #745369	20,775	20,524
		5.00%, 5/1/2018, Pool #703444	1,501	1,483
		5.00%, 5/1/2034, Pool #768230	61,574	60,623
				102,383

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description       Principal Amount       Value ($)

     FANNIE MAE (15.3%)

5.00%, 6/1/2020, Pool #839333 34,672 33,278

5.00%, 7/1/2034, Pool #255268 4,884 4,687

           5.00%, 8/1/2033, Pool #713679 179,548 172,754

5.50%, 1/1/2035, Pool #808374 1,377 1,385

5.50%, 12/1/2020, Pool #850811 21,050 21,086

5.50%, 2/1/2033, Pool #652693 101,308 101,484

5.50%, 3/1/2020, Pool #735405 108,180 106,605

5.50%, 8/1/2017, Pool #826283 25,109 24,743

6.00%, 10/1/2032, Pool #667994 89,182 90,859

6.00%, 4/1/2035, Pool #735503 5,529 5,595

6.00%, 6/1/2017, Pool #555004 2,715 2,735

6.00%, 8/1/2034, Pool #725690 257,400 259,313

6.00%, 9/1/2033, Pool #736937 2,143 2,166

7.00%, 4/1/2034, Pool #780703 3,150 3,282

4.00%, 6/1/2018, Pool #E01401 4,005 3,799

4.50%, 1/1/2019, Pool #B11878 6,212 6,024

5.00%, 8/1/2033, Pool #A12886 3,496 3,364

5.50%, 10/1/2034, Pool #A27526 6,426 6,344

5.50%, 10/1/2035, Pool #A39170 5,754 5,680

5.50%, 8/1/2033, Pool #A11851 93,794 92,441

6.50%, 12/1/2033, Pool #A16523 68,903 70,899

1,018,523

     GNMA (1.8%)

5.50%, 4/15/2033, Pool #603566 1,879 1,870

5.50%, 4/15/2034, Pool #626116 1,256 1,249

6.00%, 2/15/2032, Pool #569704 117,548 119,304

122,423

Total U.S. Government Agency Pass-Through Securities (Cost $ 1,231,439) 1,243,329

U.S. Government Agency Securities (3.5%)

     FANNIE MAE (0.6%)

4.50%, 10/15/2008, (Fannie Mae) 20,000 20,062

6.63%, 9/15/2009, (Fannie Mae) 20,000 20,813

40,875

     FREDDIE MAC (1.5%)

4.63%, 12/19/2008, (Freddie Mac) 15,000 15,027

4.75%, 1/18/2011, (Freddie Mac) 15,000 15,143

4.75%, 1/19/2016, (Freddie Mac) 70,000 69,557

99,727

     FEDERAL HOME LOAN BANK (1.4%)

4.63%, 11/21/2008, (Federal Home Loan Bank) 90,000 90,140

90,140

Total U.S. Government Agency Securities (Cost $ 229,041) 230,742

U.S. Treasury Obligations (11.9%)

     U.S. TREASURY BONDS (3.0%)

5.25%, 11/15/2028 133,000 141,084

6.00%, 2/15/2026 50,000 57,250

198,334

     U.S. TREASURY NOTES (8.9%)

4.00%, 4/15/2010 240,000 240,375

4.00%, 6/15/2009 7,000 7,005

4.25%, 8/15/2015 95,000 94,288

4.88%, 2/15/2012 31,000 31,974

5.00%, 2/15/2011 18,000 18,585

5.63%, 5/15/2008 196,000 197,516

589,743

Total U.S. Treasury Obligations (Cost $ 774,284) 788,077

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2010 Target Date Fund
Schedule of Portfolio Investments

      Shares or

Security Description   Principal Amount Value ($)

Foreign Government Agency Securities (18.0%)

BELGIUM (0.8%)

          Belgian Government Bond, 5.50%, 9/28/2017 34,000 53,629

53,629

SPAIN (0.9%)

          Bonos Y Obligación Del Estado (Spanish Government Bond), 5.50%, 7/30/2017 38,000 59,934

59,934

GERMANY (2.5%)

          Bundesobligation (German Government Bond), 4.00%, 4/13/2012 114,000 164,116

164,116

ITALY (2.3%)

          Buoni Poliennali Del Tesoro (Italian Government Bond), 5.25%, 8/01/2017 99,000 152,093

152,093

FRANCE (2.0%)

          France O.A.T (French Government Bond), 3.75%, 4/25/2017 94,000 130,092

130,092

JAPAN (7.4%)

          Japan Government Bond, 1.50%, 6/20/2012 55,500,000 490,445

490,445

NETHERLANDS (0.8%)

          Netherlands Government Bond, 4.00%, 7/15/2016 38,000 53,859

53,859

UNITED KINGDOM (1.4%)

          United Kingdom Treasury Bond, 4.00%, 9/07/2016 48,000 93,248

93,248

Total Foreign Government Agency Securities (Cost $ 1,134,189) 1,197,416

Investment Companies (6.5%)

          American Beacon Money Market Fund 133,759 133,759

          BLDRS Emerging Markets 50 ADR Equity Fund 687 41,199

          Dreyfus Cash Management Plus 86,312 86,312

          IShares MSCI Emerging Markets Equity Fund 777 129,767

          Vanguard Emerging Markets Equity Fund 333 38,901

429,938

Total Investment Companies (Cost $ 383,058) 429,938

Total Investments (Cost $ 6,345,765) (a) – 98.9% 6,574,453

Other assets in excess of liabilities – 1.1% 74,991

NET ASSETS – 100.00% 6,649,444

(a) See notes to financial statements for tax unrealized appreciation/(depreciation) of securities

(b) Non-income producing security.

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
COMMON STOCKS (38.0%)
BASIC MATERIALS (2.3%)
Acerinox SA.	15	442
ADEKA Corp.	38	378
Agnico-Eagle Mines Ltd.	9	514
Agrium Inc.	9	572
Air Products & Chemicals Inc.	21	2,055
Air Water Inc.	32	359
Airgas Inc.	98	4,946
AK Steel Holding Corp. (b)	143	7,169
Akzo Nobel NV.	15	1,206
Albemarle Corp.	41	1,958
Alcan Inc.	19	1,910
Alcoa Inc.	89	3,524
Allegheny Technologies Inc.	51	5,211
Alumina Ltd.	138	857
Antofagasta PLC.	26	453
Arcelormittal.	42	3,370
Arkema.	6	408
Asahi Kasei Corp.	165	1,253
Ashland Inc.	35	2,055
Barrick Gold Corp.	47	2,089
BASF AG.	27	3,745
Bayer AG.	42	3,501
BHP Billiton Ltd.	396	17,004
BHP Billiton PLC.	130	4,950
BlueScope Steel Ltd.	86	849
Cabot Corp.	36	1,260
Cameco Corp.	18	887
Carpenter Technology Corp.	36	5,217
Celanese Corp.	100	4,196
Chemtura Corp.	150	1,398
Ciba Specialty Chemicals AG.	6	298
Clariant AG.	25	319
Cleveland-Cliffs Inc.	54	5,165
Cytec Industries Inc.	55	3,669
Daicel Chemical Industries Ltd.	58	424
Daido Steel Co Ltd.	53	358
Dainippon Ink and Chemicals In.	99	471
Denki Kagaku Kogyo K K.	77	450
Domtar Corp. (b)	373	3,200
Dow Chemical Co/The.	98	4,414
DOWA HOLDINGS CO LTD.	36	416
Eastman Chemical Co.	59	3,929
Ecolab Inc.	95	4,481
EI Du Pont de Nemours & Co.	94	4,654
Energy Resources of Australia.	22	443
Ferro Corp.	99	2,051
First Quantum Minerals Ltd.	4	431
FMC Corp.	94	5,405
FNX Mining Co Inc.	13	525
Fortescue Metals Group Ltd.	14	652
Georgia Gulf Corp.	67	811
Goldcorp Inc.	39	1,372
Harry Winston Diamond Corp.	10	440
HB Fuller Co.	130	3,826
Hercules Inc.	249	4,684
Hitachi Chemical Co Ltd.	18	438
Hitachi Metals Ltd.	32	412
Hokuetsu Paper Mills Ltd.	74	350
Holmen AB.	9	354
HudBay Minerals Inc.	16	461
Huntsman Corp.	68	1,792

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Iamgold Corp.	47	412
	Iluka Resources Ltd.	76	309
	Imperial Chemical Industries P.	62	850
	Inmet Mining Corp.	4	428
	International Flavors & Fragra.	52	2,715
	International Paper Co.	45	1,663
	Ivanhoe Mines Ltd/CA.	27	371
	JFE Holdings Inc.	72	4,175
	Johnson Matthey PLC.	12	445
	JSR Corp.	25	644
	Jubilee Mines NL.	29	635
	K+S AG.	3	627
	Kagara Zinc Ltd.	69	427
	Kaneka Corp.	47	415
	Kansai Paint Co Ltd.	45	337
	Kazakhmys PLC.	15	460
	Kingboard Chemical Holdings Lt.	70	456
	Kinross Gold Corp.	32	633
	Kobe Steel Ltd.	367	1,307
	Koninklijke DSM NV.	11	624
	Lanxess AG.	7	347
	Lee & Man Paper Manufacturing.	90	357
	Lihir Gold Ltd. (b)	215	827
	Linde AG.	7	886
	Lonmin Plc.	5	357
	Lonza Group AG.	4	466
	Louisiana-Pacific Corp.	88	1,448
	Lubrizol Corp.	44	2,987
	Lundin Mining Corp.	30	406
	MeadWestvaco Corp.	129	4,340
	Meridian Gold Inc.	81	3,318
	Minara Resources Ltd.	71	430
	Minerals Technologies Inc.	24	1,685
	Mitsubishi Chemical Holdings C.	162	1,330
	Mitsubishi Gas Chemical Co Inc.	55	544
	Mitsubishi Materials Corp.	148	856
	Mitsui Chemicals Inc.	93	865
	Mitsui Mining & Smelting Co Lt.	80	334
	Monsanto Co.	78	7,615
	Neenah Paper Inc.	17	578
	Newcrest Mining Ltd.	39	1,177
	Newmont Mining Corp of Canada.	9	458
	Newmont Mining Corp.	57	2,899
	Nihon Parkerizing Co Ltd.	22	233
	Nine Dragons Paper Holdings Lt.	137	367
	Nippon Kayaku Co Ltd.	44	353
	Nippon Light Metal Co Ltd.	149	305
	Nippon Paint Co Ltd.	77	426
	Nippon Shokubai Co Ltd.	44	432
	Nippon Steel Corp.	785	5,164
	Nippon Yakin Kogyo Co Ltd.	33	311
	Nissan Chemical Industries Ltd.	31	424
	Nisshin Steel Co Ltd.	100	380
	Nitto Denko Corp.	19	921
	Norske Skogindustrier ASA.	28	308
	Nova Chemicals Corp.	10	363
	Nufarm Ltd.	35	509
	OJI Paper Co Ltd.	119	543
	Olin Corp.	140	3,189
	OneSteel Ltd.	135	865
	Orica Ltd.	37	1,065
	OSAKA Titanium Technologies Co.	4	346
	Outokumpu OYJ.	12	448
	Oxiana Ltd.	180	704
	Pacific Metals Co Ltd.	22	273
	Paladin Energy Ltd.	63	481
	PaperlinX Ltd.	141	362
	Plum Creek Timber Co Inc.	123	5,494
	Potash Corp of Saskatchewan.	16	1,992
	PPG Industries Inc.	19	1,420

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Praxair Inc.	49	4,189
Rautaruukki OYJ.	6	343
Rayonier Inc.	49	2,366
Reliance Steel & Aluminum Co.	39	2,276
Rengo Co Ltd.	70	502
Rio Tinto Ltd.	39	3,996
Rio Tinto PLC.	55	5,136
Rohm & Haas Co.	110	5,707
RPM International Inc.	261	5,593
RTI International Metals Inc. (b)	30	2,345
Salzgitter AG.	2	393
Schulman A Inc.	54	1,275
Sensient Technologies Corp.	94	2,810
SGL Carbon AG. (b)	7	411
Shin-Etsu Chemical Co Ltd.	48	3,054
Showa Denko KK.	139	541
Sigma-Aldrich Corp.	60	3,100
Silver Standard Resources Inc.	11	471
Smurfit-Stone Container Corp.	159	1,925
Solvay SA.	3	456
Southern Copper Corp.	6	838
Ssab Svenskt Stal AB.	11	357
Steel Dynamics Inc.	58	3,087
Stillwater Mining Co.	85	946
Stora Enso Oyj.	31	568
Sumitomo Bakelite Co Ltd.	54	328
Sumitomo Chemical Co Ltd.	195	1,722
Sumitomo Forestry Co Ltd.	42	312
Sumitomo Metal Industries Ltd.	519	2,533
Sumitomo Metal Mining Co Ltd.	68	1,497
Syngenta AG.	5	1,201
Taiyo Nippon Sanso Corp.	45	399
Teck Cominco Ltd.	23	1,152
Temple-Inland Inc.	49	2,630
ThyssenKrupp AG.	21	1,395
Titanium Metals Corp.	42	1,478
Toho Titanium Co Ltd.	10	361
Tokai Carbon Co Ltd.	35	434
Tokuyama Corp.	30	415
Tokyo Steel Manufacturing Co L.	24	330
Tosoh Corp.	71	450
Ube Industries Ltd/Japan.	128	456
Umicore.	2	498
United States Steel Corp.	79	8,524
UPM-Kymmene Oyj.	29	649
Uranium One Inc.	33	366
USEC Inc. (b)	111	977
Valspar Corp.	202	5,056
Vedanta Resources PLC.	11	503
Voestalpine AG.	6	539
Vulcan Materials Co.	44	3,762
Wacker Chemie AG.	2	487
Wausau Paper Corp.	99	991
Weyerhaeuser Co.	22	1,670
Xstrata PLC.	34	2,437
Yamana Gold Inc.	35	528
Yamato Kogyo Co Ltd.	8	369
Yara International ASA.	14	542
Zeon Corp.	37	346
Zinifex Ltd.	58	900
		319,476

COMMUNICATIONS (3.7%)
3Com Corp.	251	1,225
Adaptec Inc.	228	805
Akamai Technologies Inc.	87	3,410
Alcatel-Lucent.	127	1,232
Alltel Corp.	35	2,490
Amazon.Com Inc.	46	4,101
American Tower Corp. (b)	56	2,474

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Andrew Corp.	99	1,451
	Anixter International Inc. (b)	41	2,946
	APN News & Media Ltd.	79	394
	Ariba Inc.	156	2,019
	Asatsu-DK Inc.	12	400
	AT&T Inc.	579	24,196
	BCE Inc.	45	1,965
	Belgacom SA.	9	430
	Belo Corp.	53	981
	Black Box Corp.	33	1,319
	British Sky Broadcasting Group.	59	835
	BT Group PLC.	475	3,220
	Cable & Wireless PLC.	135	547
	Cablevision Systems Corp. (b)	119	3,490
	CBS Corp.	64	1,837
	C-COR Inc.	91	1,116
	CenturyTel Inc.	77	3,392
	Charter Communications Inc.	492	1,018
	Check Point Software Technolog.	128	3,233
	Checkfree Corp.	39	1,854
	China Mobile Ltd.	492	9,967
	China Netcom Group Corp Hong K.	230	700
	China Unicom Ltd.	705	1,694
	Ciena Corp.	110	5,265
	Cincinnati Bell Inc. (b)	448	2,428
	Cisco Systems Inc.	878	29,027
	Citizens Communications Co.	219	2,882
	Clear Channel Communications I.	40	1,511
	CNET Networks Inc.	269	2,174
	Comcast Corp. (b)	421	8,836
	CommScope Inc.	79	3,726
	Corning Inc.	240	5,825
	Cosmote Mobile Telecommunicati.	13	448
	Crown Castle International Cor.	154	6,325
	CTC Media Inc.	16	401
	Daily Mail & General Trust.	26	331
	Deutsche Telekom AG.	165	3,384
	Digital River Inc.	54	2,865
	DIRECTV Group Inc/The. (b)	113	2,992
	Discovery Holding Co.	234	6,671
	Earthlink Inc.	225	1,780
	eBay Inc.	168	6,065
	EchoStar Communications Corp. (b)	109	5,337
	Elisa OYJ.	14	415
	Emap PLC.	23	419
	Embarq Corp.	108	5,715
	Eniro AB.	31	397
	Entercom Communications Corp.	55	1,020
	Equinix Inc.	43	5,016
	Ericsson.	815	2,438
	Expedia Inc.	159	5,193
	Extreme Networks.	218	955
	F5 Networks Inc.	117	4,216
	Fairfax Media Ltd.	157	693
	Foxconn International Holdings.	221	610
	France Telecom SA.	97	3,577
	Gannett Co Inc.	21	891
	Gestevision Telecinco SA.	14	402
	GN Store Nord.	32	341
	Google Inc.	33	23,331
	Hakuhodo DY Holdings Inc.	6	434
	Harmonic Inc.	160	1,971
	Harris Corp.	71	4,300
	Harte-Hanks Inc.	94	1,657
	Hellenic Telecommunications Or.	17	622
	HLTH Corp.	117	1,651
	Hutchison Telecommunications I.	310	440
	Idearc Inc.	92	2,482
	IDT Corp.	128	1,028
	Informa PLC.	36	401

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Infospace Inc.	53	1,024
	Inmarsat PLC.	46	491
	InterDigital Inc.	55	1,182
	Interpublic Group of Cos Inc. (b)	300	3,105
	Interwoven Inc.	76	1,078
	ITV PLC.	186	383
	j2 Global Communications Inc.	64	2,156
	JC Decaux SA.	12	442
	JDS Uniphase Corp.	112	1,709
	John Wiley & Sons Inc.	61	2,683
	Juniper Networks Inc.	76	2,736
	Lagardere SCA.	7	591
	Lamar Advertising Co.	37	1,978
	Leap Wireless International In.	26	1,854
	Lee Enterprises Inc.	72	1,156
	Liberty Global Inc.	291	10,982
	Liberty Media Corp - Capital.	18	2,250
	Liberty Media Corp - Interacti.	84	1,783
	Manitoba Telecom Services Inc.	9	448
	Matsui Securities Co Ltd.	46	361
	McClatchy Co.	123	2,041
	McGraw-Hill Cos Inc/The.	46	2,302
	Media General Inc.	38	1,063
	Mediaset SpA.	40	414
	Meredith Corp.	49	3,050
	Mobistar SA.	5	452
	Modern Times Group AB.	6	422
	Motorola Inc.	334	6,276
	MRV Communications Inc.	236	670
	NetFlix Inc.	70	1,853
	NeuStar Inc.	39	1,334
	New York Times Co/The.	90	1,760
	News Corp.	326	7,138
	NII Holdings Inc.	89	5,162
	Nokia OYJ.	216	8,556
	NTT DoCoMo Inc.	2	2,878
	NutriSystem Inc.	42	1,264
	Oki Electric Industry Co Ltd.	201	340
	Openwave Systems Inc.	164	649
	PagesJaunes Groupe SA.	19	419
	PCCW Ltd.	625	402
	Pearson PLC.	44	730
	Plantronics Inc.	103	2,817
	Polycom Inc.	59	1,651
	Portugal Telecom SGPS SA.	51	683
	priceline.com Inc.	44	4,096
	ProSiebenSat.1 Media AG.	11	324
	PT Multimedia Servicos de Tele.	9	122
	Publicis Groupe.	9	365
	Publishing & Broadcasting Ltd.	51	989
	Qualcomm Inc.	241	10,298
	Qwest Communications Internati. (b)	209	1,501
	Radio One Inc.	220	768
	Rakuten Inc.	1	485
	RCN Corp.	63	920
	RealNetworks Inc.	251	1,822
	Reed Elsevier NV.	34	657
	Reed Elsevier PLC.	70	914
	Reuters Group PLC.	69	947
	RF Micro Devices Inc.	416	2,588
	RH Donnelley Corp. (b)	37	2,029
	Rogers Communications Inc.	26	1,325
	Royal KPN NV.	100	1,886
	RTL Group SA.	3	304
	S1 Corp.	108	909
	Sanoma-WSOY Oyj.	12	346
	SAVVIS Inc.	37	1,398
	SBA Communications Corp.	126	4,486
	SBI Holdings Inc/Japan.	1	313
	Scholastic Corp.	66	2,612

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Seat Pagine Gialle SpA.	692	402
Seek Ltd.	54	467
SES.	20	494
Seven Network Ltd.	40	509
Shaw Communications Inc.	21	586
Sinclair Broadcast Group Inc.	104	1,252
Singapore Press Holdings Ltd.	186	589
SingTel.	625	1,763
Societe Television Francaise 1.	11	304
Softbank Corp.	85	1,967
SonicWALL Inc.	124	1,282
Southern Cross Broadcasting Au.	26	422
Sprint Nextel Corp.	262	4,480
Swisscom AG.	1	370
Sycamore Networks Inc.	435	1,857
Symantec Corp.	124	2,329
Tandberg ASA.	17	432
Tekelec.	121	1,597
Tele2 AB.	22	518
Telecom Corp of New Zealand Lt.	208	696
Telecom Italia SpA.	934	2,748
Telefonica SA.	237	7,823
Telekom Austria AG.	18	516
Telenor ASA.	43	1,010
Teleperformance.	9	358
Telephone & Data Systems Inc.	52	3,527
Television Broadcasts Ltd.	56	361
TeliaSonera AB.	101	994
Tellabs Inc.	254	2,238
Telstra Corp Ltd.	427	1,861
TELUS Corp.	19	1,132
Tencent Holdings Ltd.	87	738
Thomson Corp/The.	10	472
TIBCO Software Inc.	383	3,516
Time Warner Inc.	535	9,769
Time Warner Telecom Inc.	73	1,697
Tokyo Broadcasting System Inc.	14	371
Trend Micro Inc.	13	576
Tribune Co.	59	1,785
Trinity Mirror Plc.	37	309
United Internet AG.	22	481
United Online Inc.	121	2,130
US Cellular Corp.	7	659
Valueclick Inc.	129	3,508
Valuevision Media Inc.	94	486
Verizon Communications Inc.	282	12,992
Viacom Inc.	91	3,757
Vignette Corp.	52	896
Virgin Media Inc.	143	3,162
Vivendi.	64	2,881
Vodafone Group PLC.	2,903	11,410
VTech Holdings Ltd.	43	364
Walt Disney Co/The.	263	9,108
Washington Post Co/The.	3	2,547
Websense Inc.	57	1,049
West Australian Newspapers Hol.	32	415
Westwood One Inc.	208	445
Windstream Corp.	336	4,519
Wolters Kluwer NV.	17	533
WPP Group PLC.	67	915
XM Satellite Radio Holdings In.	163	2,165
Yahoo! Inc.	196	6,096
Yahoo! Japan Corp.	2	886
Yell Group PLC.	43	407
Yellow Pages Income Fund.	31	469
		525,147

CONSUMER GOODS (0.5%)
PepsiCo Inc.	233	17,177
Procter & Gamble Co.	450	31,284
Toyota Motor Corp.	357	20,329
		68,790

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
CONSUMER, CYCLICAL (4.0%)
99 Cents Only Stores.	138	1,484
Abercrombie & Fitch Co.	47	3,722
Accor SA.	11	1,049
Adidas AG.	11	731
Aeon Co Ltd.	94	1,470
Aeropostale Inc.	100	2,290
Air France-KLM.	11	418
Aisin Seiki Co Ltd.	25	1,018
Alaska Air Group Inc. (b)	79	2,007
Alimentation Couche Tard Inc.	20	435
All Nippon Airways Co Ltd.	102	392
American Axle & Manufacturing.	81	2,224
AMR Corp. (b)	163	3,912
Aoyama Trading Co Ltd.	13	337
Applebees International Inc.	159	4,029
Arcandor AG. (b)	13	417
Aristocrat Leisure Ltd.	55	533
ArvinMeritor Inc.	156	2,313
Asics Corp.	28	443
Autogrill SpA.	18	360
AutoNation Inc.	96	1,698
Autozone Inc.	26	3,235
Barratt Developments PLC.	20	271
Bayerische Motoren Werke AG.	26	1,652
Beazer Homes USA Inc.	65	730
Bed Bath & Beyond Inc.	39	1,324
Bellway PLC.	15	335
Berkeley Group Holdings PLC.	12	425
Best Buy Co Inc.	52	2,523
Big Lots Inc. (b)	53	1,271
Billabong International Ltd.	28	392
BJ's Wholesale Club Inc.	41	1,471
Blockbuster Inc. (b)	233	1,226
Bob Evans Farms Inc.	67	1,888
Borders Group Inc.	108	1,665
BorgWarner Inc.	29	3,066
Bosch Corp.	74	384
Boyd Gaming Corp.	38	1,589
Bridgestone Corp.	84	1,846
Brightpoint Inc.	98	1,588
Brinker International Inc.	68	1,727
British Airways PLC. (b)	48	444
Brunswick Corp/DE.	57	1,272
Bulgari SpA.	26	407
Burberry Group PLC.	30	384
Callaway Golf Co.	123	2,130
Canadian Tire Corp Ltd.	5	460
Canon Marketing Japan Inc.	21	410
Carmax Inc.	115	2,400
Carnival Corp.	43	2,063
Carnival PLC.	9	420
Carphone Warehouse Group PLC.	53	386
Casey's General Stores Inc.	108	3,078
Cathay Pacific Airways Ltd.	147	435
Cato Corp/The.	60	1,205
Charming Shoppes Inc. (b)	277	2,055
Cheesecake Factory/The.	88	1,974
China Travel International Inv.	578	459
Choice Hotels International In.	16	620
Christopher & Banks Corp.	92	1,262
Circuit City Stores Inc.	107	849
Citizen Holdings Co Ltd.	45	483
Coach Inc.	50	1,828
Coldwater Creek Inc.	35	313
Coles Group Ltd.	123	1,847
Compagnie Financiere Richemont.	29	2,069

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Compass Group PLC.	110	792
	Continental AG.	8	1,208
	Continental Airlines Inc.	61	2,095
	Cooper Tire & Rubber Co.	131	2,919
	Corporate Express.	28	311
	Costco Wholesale Corp.	67	4,506
	CROCS Inc.	105	7,849
	CVS Caremark Corp.	214	8,939
	Daihatsu Motor Co Ltd.	38	401
	Daimler AG.	53	5,877
	Daiwa House Industry Co Ltd.	71	1,006
	David Jones Ltd.	79	364
	Delta Air Lines Inc.	121	2,517
	Denso Corp.	62	2,499
	Denway Motors Ltd.	824	574
	Deutsche Lufthansa AG.	14	414
	Dick's Sporting Goods Inc.	118	3,938
	Dillard's Inc.	141	3,247
	DR Horton Inc.	173	2,195
	Dress Barn Inc.	89	1,459
	DSG International PLC.	122	329
	EDION Corp.	36	410
	Esprit Holdings Ltd.	122	2,015
	Ethan Allen Interiors Inc.	55	1,697
	Family Dollar Stores Inc.	92	2,332
	FamilyMart Co Ltd.	15	437
	Fast Retailing Co Ltd.	9	516
	Fastenal Co.	74	3,292
	Fiat SpA.	38	1,226
	Foot Locker Inc.	98	1,459
	Ford Motor Co. (b)	314	2,785
	Fred's Inc.	72	763
	Fuji Heavy Industries Ltd.	83	429
	Furniture Brands International.	94	1,133
	Futaba Industrial Co Ltd.	16	447
	Galaxy Entertainment Group Ltd. (b)	380	413
	GameStop Corp.	79	4,678
	Gaylord Entertainment Co. (b)	53	2,887
	General Motors Corp.	44	1,724
	Genesco Inc.	29	1,340
	Genuine Parts Co.	120	5,888
	Gildan Activewear Inc.	11	504
	GKN PLC.	49	374
	GOME Electrical Appliances Hol.	239	533
	Grafton Group PLC.	28	313
	Group 1 Automotive Inc.	48	1,490
	Guess ? Inc.	29	1,490
	Gunze Ltd.	71	341
	Gymboree Corp.	39	1,327
	H2O Retailing Corp.	40	332
	Hagemeyer NV.	73	496
	Hanwa Co Ltd.	77	389
	Harman International Industrie.	35	2,947
	Harvey Norman Holdings Ltd.	104	657
	Hasbro Inc.	89	2,657
	Haseko Corp.	145	346
	Hennes & Mauritz AB.	27	1,798
	Herman Miller Inc.	34	925
	Hermes International.	4	526
	Hino Motors Ltd.	55	394
	Hitachi High-Technologies Corp.	16	358
	Home Depot Inc.	158	4,979
	Home Retail Group PLC.	48	435
	Honda Motor Co Ltd.	216	8,050
	Hongkong & Shanghai Hotels/The.	231	426
	HOT Topic Inc.	125	958
	Iberia Lineas Aereas de Espana.	82	416
	Ihop Corp.	23	1,457
	Inchcape Plc.	41	401
	Inditex SA.	14	1,041

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Ingram Micro Inc.	93	1,975
	Insight Enterprises Inc.	106	2,930
	Interface Inc.	69	1,320
	International Game Technology.	44	1,919
	International Speedway Corp.	40	1,777
	Isetan Co Ltd.	27	363
	Isuzu Motors Ltd.	183	901
	ITOCHU Corp.	187	2,336
	Izumi Co Ltd.	24	357
	J Crew Group Inc.	55	2,057
	J Front Retailing Co Ltd.	95	852
	Jack in the Box Inc.	80	2,510
	Jakks Pacific Inc.	50	1,325
	Japan Airlines Corp.	199	447
	Jardine Cycle & Carriage Ltd.	37	537
	JB Hi-Fi Ltd.	38	580
	JetBlue Airways Corp.	106	968
	JFE Shoji Holdings Inc.	52	396
	Johnson Controls Inc.	49	2,142
	Jones Apparel Group Inc.	68	1,424
	JTEKT Corp.	27	514
	Juki Corp.	44	371
	Kayaba Industry Co Ltd.	76	436
	KB Home.	49	1,354
	Kellwood Co.	65	1,077
	Kesa Electricals PLC.	59	390
	Kingfisher PLC.	129	529
	Kloeckner & Co AG.	5	264
	Kohl's Corp.	38	2,089
	Koito Manufacturing Co Ltd.	33	457
	Kokuyo Co Ltd.	35	307
	Komeri Co Ltd.	14	355
	Krispy Kreme Doughnuts Inc.	162	518
	K's Holdings Corp.	14	302
	Kuraray Co Ltd.	43	557
	Ladbrokes PLC.	46	394
	Las Vegas Sands Corp.	14	1,858
	Lawson Inc.	11	379
	La-Z-Boy Inc.	122	963
	Lear Corp. (b)	138	4,903
	Lennar Corp.	93	2,105
	Li & Fung Ltd.	257	1,207
	Li Ning Co Ltd.	161	598
	Life Time Fitness Inc.	42	2,547
	Lifestyle International Holdin.	192	525
	Liz Claiborne Inc.	65	1,851
	Longs Drug Stores Corp.	43	2,258
	Lottomatica SpA.	10	357
	Lowe's Cos Inc.	227	6,104
	Macy's Inc.	47	1,505
	Magna International Inc.	6	569
	Marks & Spencer Group PLC.	94	1,275
	Marriott International Inc/DE.	45	1,850
	Marubeni Corp.	190	1,611
	Marui Group Co Ltd.	40	413
	Matsumotokiyoshi Holdings Co L.	17	301
	Matsushita Electric Industrial.	253	4,802
	Mattel Inc.	277	5,787
	Mazda Motor Corp.	110	655
	McDonald's Corp.	114	6,806
	Men's Wearhouse Inc.	64	2,705
	Meritage Homes Corp. (b)	53	853
	MGM Mirage. (b)	11	1,008
	Michelin.	8	1,071
	Mitchells & Butlers PLC.	24	332
	Mitsubishi Corp.	188	5,785
	Mitsubishi Logistics Corp.	26	373
	Mitsubishi Motors Corp. (b)	458	893
	Mitsubishi Rayon Co Ltd.	71	399
	Mitsui & Co Ltd.	202	5,165

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Mitsukoshi Ltd.	81	374
	Modine Manufacturing Co.	57	1,326
	Monaco Coach Corp.	52	603
	MSC Industrial Direct Co.	61	2,971
	Nagase & Co Ltd.	31	344
	Namco Bandai Holdings Inc.	29	444
	Nautilus Inc.	94	604
	Newell Rubbermaid Inc.	196	5,715
	Next PLC.	12	551
	NGK Spark Plug Co Ltd.	23	383
	NHK Spring Co Ltd.	43	366
	Nifco Inc/Japan.	16	372
	Nintendo Co Ltd.	13	8,101
	Nippon Seiki Co Ltd.	14	324
	Nissan Motor Co Ltd.	297	3,413
	Nisshinbo Industries Inc.	31	420
	Nissin Kogyo Co Ltd.	13	335
	Nitori Co Ltd.	8	364
	NOK Corp.	19	419
	Nokian Renkaat OYJ.	12	452
	Nordstrom Inc.	29	1,144
	Nu Skin Enterprises Inc.	124	2,141
	Onward Holdings Co Ltd.	32	328
	OPAP SA.	12	490
	O'Reilly Automotive Inc.	60	1,981
	Oriental Land Co Ltd.	7	415
	Orient-Express Hotels Ltd.	54	3,499
	Oshkosh Truck Corp.	39	2,114
	Pacific Sunwear Of California.	129	2,157
	Panera Bread Co.	40	1,640
	Parkson Retail Group Ltd.	51	579
	Penn National Gaming Inc.	39	2,408
	PEP Boys-Manny Moe & Jack.	77	1,133
	Persimmon PLC.	16	349
	PetSmart Inc.	71	2,126
	Peugeot SA.	9	834
	PF Chang's China Bistro Inc.	33	961
	Phillips-Van Heusen.	71	3,394
	Pier 1 Imports Inc. (b)	187	952
	Pinnacle Entertainment Inc. (b)	77	2,248
	Pioneer Corp.	29	321
	Pirelli & C SpA.	340	435
	Polo Ralph Lauren Corp.	32	2,202
	Pool Corp.	64	1,509
	PPR.	4	793
	Praktiker Bau- und Heimwerkerm.	9	325
	Puma AG Rudolf Dassler Sport.	1	428
	Punch Taverns PLC.	16	334
	Qantas Airways Ltd.	115	633
	Quiksilver Inc.	266	3,591
	RadioShack Corp.	86	1,773
	Reece Australia Ltd.	16	421
	Regal Entertainment Group.	168	3,792
	Regis Corp.	59	1,982
	Renault SA.	11	1,846
	Resorttrust Inc.	16	349
	Rite Aid Corp. (b)	332	1,298
	RONA Inc.	18	407
	Ross Stores Inc.	88	2,378
	Royal Caribbean Cruises Ltd.	100	4,288
	Ruby Tuesday Inc.	100	1,597
	Ryland Group Inc.	34	967
	Ryohin Keikaku Co Ltd.	6	377
	Saks Inc.	270	5,713
	Sally Beauty Holdings Inc.	166	1,536
	Sankyo Co Ltd.	10	425
	Scientific Games Corp.	37	1,338
	Sears Holdings Corp.	9	1,213
	Sega Sammy Holdings Inc.	27	371
	Sekisui Chemical Co Ltd.	59	401

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Sekisui House Ltd.	68	865
	Select Comfort Corp.	64	732
	Seven & I Holdings Co Ltd.	77	1,975
	Shangri-La Asia Ltd.	167	530
	Shimachu Co Ltd.	14	400
	Shimamura Co Ltd.	4	387
	Shimano Inc.	12	435
	Shoppers Drug Mart Corp.	12	703
	Singapore Airlines Ltd.	59	799
	Six Flags Inc. (b)	175	567
	Sky City Entertainment Group L.	104	431
	Skywest Inc.	126	3,439
	Sodexho Alliance SA.	6	433
	Sojitz Corp.	111	501
	Sonae SGPS SA.	132	386
	Sony Corp.	118	5,768
	Southwest Airlines Co.	106	1,506
	Staples Inc.	95	2,217
	Starbucks Corp.	100	2,668
	Starwood Hotels & Resorts Worl.	29	1,649
	Station Casinos Inc.	23	2,065
	Steelcase Inc.	81	1,447
	Stein Mart Inc.	83	545
	Sumitomo Corp.	148	2,544
	Sumitomo Rubber Industries Inc.	32	387
	Sumitomo Warehouse Co Ltd/The.	63	360
	Superior Industries Internatio.	41	829
	Suzuki Motor Corp.	53	1,727
	Swatch Group AG.	9	1,078
	TABCORP Holdings Ltd.	62	899
	Takashimaya Co Ltd.	37	447
	Takata Corp.	12	425
	Talbots Inc.	43	633
	Target Corp.	112	6,872
	Tattersall's Ltd.	149	582
	Taylor Wimpey PLC.	63	324
	Tech Data Corp.	118	4,641
	Teijin Ltd.	109	522
	Thomson.	23	401
	Tim Hortons Inc.	13	496
	TJX Cos Inc.	60	1,736
	Toho Co Ltd/Tokyo.	21	417
	Tokai Rika Co Ltd.	15	438
	Tokyo Style Co Ltd.	31	356
	Toll Brothers Inc.	85	1,947
	Toray Industries Inc.	165	1,264
	Toro Co.	53	2,950
	TOTO Ltd.	46	331
	Toyobo Co Ltd.	143	335
	Toyoda Gosei Co Ltd.	12	427
	Toyota Boshoku Corp.	15	488
	Toyota Tsusho Corp.	27	751
	Tractor Supply Co.	45	1,865
	Triarc Cos Inc.	73	818
	Tuesday Morning Corp.	91	693
	TUI AG.	14	411
	TUI Travel plc.	61	342
	Under Armour Inc.	41	2,552
	United Stationers Inc. (b)	36	2,085
	UNY Co Ltd.	37	319
	Urban Outfitters Inc.	57	1,440
	US Airways Group Inc/NEW.	62	1,715
	USS Co Ltd.	6	391
	Vail Resorts Inc.	40	2,428
	Valentino Fashion Group SpA.	8	405
	Valeo SA.	7	383
	Volkswagen AG.	14	3,433
	Wabash National Corp.	54	548
	Wacoal Holdings Corp.	31	377
	Walgreen Co.	155	6,146

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Wal-Mart Stores Inc.	233	10,534
Warner Music Group Corp.	25	255
Watsco Inc.	31	1,291
Wendy's International Inc.	56	1,947
WESCO International Inc.	24	1,120
Whirlpool Corp.	51	4,038
William Hill PLC.	31	399
WMS Industries Inc. (b)	55	1,907
Wolseley PLC.	36	624
Wolverine World Wide Inc.	101	2,590
World Fuel Services Corp.	37	1,639
WW Grainger Inc.	40	3,597
Wynn Resorts Ltd.	31	5,004
Yamada Denki Co Ltd.	11	1,125
Yamaha Corp.	24	555
Yamaha Motor Co Ltd.	26	735
Yokohama Rubber Co Ltd/The.	54	399
Yum! Brands Inc.	71	2,859
Zale Corp.	96	2,024
		557,520

CONSUMER, NON-CYCLICAL (5.8%)
ABB Grain Ltd.	50	351
Abbott Laboratories.	89	4,861
ABC Learning Centres Ltd.	65	398
Abertis Infraestructuras SA.	13	433
Accenture Ltd.	90	3,515
ACCO Brands Corp.	105	2,251
Adams Respiratory Therapeutics.	40	1,758
Adecco SA.	7	421
Administaff Inc.	30	1,196
Advanced Medical Optics Inc.	27	741
Aetna Inc.	79	4,437
Affymetrix Inc.	32	815
Aggreko Plc.	35	456
Ajinomoto Co Inc.	77	864
Alberto-Culver Co.	55	1,429
Alcon Inc.	10	1,522
Alexion Pharmaceuticals Inc.	46	3,519
Alfresa Holdings Corp.	6	348
Alkermes Inc.	131	2,122
Allergan Inc/United States.	47	3,176
Alliance Data Systems Corp.	44	3,538
Altadis SA.	14	999
Altria Group Inc.	204	14,878
American Greetings Corp.	93	2,450
American Medical Systems Holdi.	94	1,202
AMERIGROUP Corp.	67	2,345
AmerisourceBergen Corp.	100	4,711
Amylin Pharmaceuticals Inc.	63	2,836
Anheuser-Busch Cos Inc.	73	3,743
Apollo Group Inc.	75	5,945
Applera Corp - Celera Group.	143	2,332
Apria Healthcare Group Inc.	80	1,934
Arbitron Inc.	39	1,974
Arthrocare Corp.	35	2,269
Asahi Breweries Ltd.	56	923
Associated British Foods PLC.	23	436
Astellas Pharma Inc.	65	2,868
AstraZeneca PLC.	83	4,096
Atkins WS PLC.	18	454
Atlantia SpA.	16	628
Avis Budget Group Inc. (b)	218	4,550
AWB Ltd.	126	350
Babcock International Group.	37	451
Barr Pharmaceuticals Inc.	58	3,325
Baxter International Inc.	100	6,001
BearingPoint Inc.	471	2,256
Beckman Coulter Inc.	32	2,266
Becton Dickinson & Co.	32	2,671

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Beiersdorf AG.	6	475
	Benesse Corp.	13	483
	Biogen Idec Inc.	40	2,978
	BioMarin Pharmaceutical Inc.	125	3,466
	Bio-Rad Laboratories Inc.	24	2,318
	Biovail Corp.	20	402
	Blyth Inc.	55	1,050
	Boston Scientific Corp.	185	2,566
	Bowne & Co Inc.	53	921
	Brisa-Auto Estradas de Portuga.	28	397
	Bristol-Myers Squibb Co.	185	5,548
	British American Tobacco PLC.	80	3,045
	Brookdale Senior Living Inc.	27	996
	Brown-Forman Corp.	25	1,850
	Bunzl PLC.	29	436
	C&C Group PLC.	47	378
	Cadbury Schweppes PLC.	116	1,534
	Cambrex Corp.	75	854
	Capita Group PLC.	32	498
	Carlsberg A/S.	3	404
	Carrefour SA.	30	2,159
	Casino Guichard Perrachon SA.	4	447
	Celesio AG.	6	341
	Celgene Corp.	58	3,828
	Cephalon Inc.	35	2,581
	Chaoda Modern Agriculture.	516	467
	Chemed Corp.	33	1,892
	China Mengniu Dairy Co Ltd.	110	462
	ChoicePoint Inc.	41	1,612
	Christian Dior SA.	3	408
	Chugai Pharmaceutical Co Ltd.	32	552
	Church & Dwight Co Inc.	87	4,116
	Cintra Concesiones de Infraest.	25	437
	Clorox Co.	18	1,126
	Coates Hire Ltd.	83	500
	Coca Cola Hellenic Bottling Co.	9	558
	Coca-Cola Amatil Ltd.	61	580
	Coca-Cola Co/The.	207	12,784
	Coca-Cola West Holdings Co Ltd.	19	439
	Cochlear Ltd.	7	447
	Colgate-Palmolive Co.	79	6,025
	Colruyt SA.	2	428
	ConAgra Foods Inc.	51	1,210
	Constellation Brands Inc.	133	3,341
	Convergys Corp.	86	1,576
	Corinthian Colleges Inc.	168	2,754
	Corporate Executive Board Co.	17	1,211
	Corrections Corp of America. (b)	158	4,470
	COSCO Pacific Ltd.	146	451
	Covance Inc.	33	2,723
	Coventry Health Care Inc.	83	5,006
	Covidien Ltd.	50	2,080
	CR Bard Inc.	56	4,682
	CSM.	10	349
	Cubist Pharmaceuticals Inc.	71	1,661
	CV Therapeutics Inc.	67	686
	Dade Behring Holdings Inc.	44	3,385
	Dai Nippon Printing Co Ltd.	82	1,185
	Daiichi Sankyo Co Ltd.	82	2,324
	Dainippon Sumitomo Pharma Co L.	41	380
	Dairy Farm International Holdi.	137	677
	Danisco A/S.	5	385
	DaVita Inc.	56	3,651
	Del Monte Foods Co.	111	1,148
	Delhaize Group.	5	474
	Deluxe Corp.	110	4,437
	Dentsply International Inc.	75	3,111
	Diageo PLC.	147	3,363
	Edwards Lifesciences Corp.	75	3,767
	Eisai Co Ltd.	34	1,420

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Elan Corp PLC.	26	621
	Eli Lilly & Co.	98	5,307
	Endo Pharmaceuticals Holdings.	71	2,080
	Enzon Pharmaceuticals Inc.	111	1,058
	Essilor International SA.	11	701
	Experian Group Ltd.	56	588
	Express Scripts Inc.	30	1,893
	Ezaki Glico Co Ltd.	39	407
	Fisher & Paykel Healthcare Cor.	149	373
	Forest Laboratories Inc.	42	1,641
	Forrester Research Inc.	33	783
	Fortune Brands Inc.	16	1,340
	Foster's Group Ltd.	233	1,382
	Fresenius Medical Care AG & Co.	10	525
	Fresenius SE.	5	397
	FTI Consulting Inc.	55	2,987
	G4S PLC.	87	383
	Galenica AG.	1	483
	Genentech Inc.	71	5,263
	General Mills Inc.	30	1,732
	Gen-Probe Inc.	67	4,691
	Genzyme Corp.	35	2,659
	George Weston Ltd.	5	366
	Getinge AB.	17	450
	Gilead Sciences Inc.	143	6,605
	GlaxoSmithKline PLC.	331	8,522
	Golden Agri-Resources Ltd.	476	576
	Goodman Fielder Ltd.	178	348
	Greene King Plc.	19	358
	Grifols SA.	18	476
	H&R Block Inc.	210	4,578
	Haemonetics Corp.	34	1,747
	Hansen Natural Corp.	93	6,324
	Hays PLC.	118	337
	Health Management Associates I.	153	1,011
	Health Net Inc.	59	3,163
	Healthscope Ltd.	82	415
	Healthsouth Corp.	101	2,025
	Healthways Inc.	45	2,732
	Heineken Holding NV.	7	414
	Heineken NV.	13	909
	Hengan International Group Co.	114	442
	Henkel KGaA.	18	880
	Henry Schein Inc.	47	2,815
	Herbalife Ltd.	25	1,102
	Hershey Co/The.	21	905
	Hewitt Associates Inc.	126	4,445
	Hillenbrand Industries Inc.	38	2,098
	Hisamitsu Pharm.	14	383
	HJ Heinz Co.	31	1,450
	Hologic Inc.	107	7,249
	Hormel Foods Corp.	56	2,043
	House Foods Corp.	26	410
	Human Genome Sciences Inc.	174	1,646
	Humana Inc. (b)	88	6,596
	Husqvarna AB.	28	337
	Iaws Group Plc.	18	425
	Idexx Laboratories Inc.	40	4,871
	Illumina Inc.	70	3,931
	Immucor Inc.	89	2,870
	Imperial Tobacco Group PLC.	37	1,872
	InBev NV.	11	1,038
	InterMune Inc.	37	737
	Intertek Group PLC.	19	407
	Intuitive Surgical Inc.	20	6,537
	Invacare Corp.	59	1,597
	Inverness Medical Innovations.	64	3,846
	Invitrogen Corp.	25	2,272
	Iron Mountain Inc.	96	3,334
	Ito En Ltd.	16	322

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	ITT Educational Services Inc. (b)	53	6,741
	J Sainsbury PLC.	82	933
	Jarden Corp.	98	3,481
	JM Smucker Co/The.	36	1,923
	Kagome Co Ltd.	23	364
	Kamigumi Co Ltd.	45	364
	Kao Corp.	61	1,745
	Kerry Group PLC.	15	452
	Kesko OYJ.	7	419
	Kikkoman Corp.	28	353
	Kimberly-Clark Corp.	47	3,332
	Kinetic Concepts Inc.	28	1,683
	King Pharmaceuticals Inc.	151	1,601
	Kirin Holdings Co Ltd.	113	1,572
	Kobayashi Pharmaceutical Co Lt.	11	351
	Koninklijke Ahold NV.	68	1,020
	Kose Corp.	14	358
	Kraft Foods Inc.	148	4,945
	Kyowa Hakko Kogyo Co Ltd.	46	500
	Kyphon Inc.	59	4,182
	Laboratory Corp of America Hol.	62	4,263
	Lion Corp.	70	328
	Lion Nathan Ltd.	53	458
	Live Nation Inc.	76	1,553
	Loblaw Cos Ltd.	8	371
	L'Oreal SA.	14	1,838
	Luxottica Group SpA.	11	385
	Magellan Health Services Inc.	51	2,147
	Manor Care Inc.	39	2,597
	Manpower Inc.	45	3,363
	Marine Harvest.	305	309
	McCormick & Co Inc/MD.	68	2,382
	McKesson Corp.	39	2,578
	MDS Inc.	20	451
	Medarex Inc.	163	1,948
	Medco Health Solutions Inc.	37	3,492
	Mediceo Paltac Holdings Co Ltd.	26	376
	Medicines Co/The.	85	1,628
	Medicis Pharmaceutical Corp.	72	2,138
	Medtronic Inc.	164	7,780
	Meiji Dairies Corp.	66	347
	Meiji Seika Kaisha Ltd.	88	387
	Mentor Corp.	45	1,916
	Merck & Co Inc.	212	12,351
	Merck KGAA.	4	500
	Metcash Ltd.	101	439
	Metro AG.	9	815
	Metro Inc.	11	414
	MGI Pharma Inc.	104	3,388
	Michael Page International Plc.	35	319
	Millennium Pharmaceuticals Inc.	201	2,376
	Millipore Corp. (b)	28	2,174
	Miraca Holdings Inc.	21	492
	Mitsubishi Tanabe Pharma Corp.	33	377
	Monster Worldwide Inc.	62	2,516
	Moody's Corp.	31	1,355
	MPS Group Inc.	200	2,442
	Mylan Inc.	155	2,331
	Myriad Genetics Inc.	56	3,100
	NBTY Inc.	79	2,812
	Nektar Therapeutics.	108	646
	Nestle SA.	22	10,151
	Neurocrine Biosciences Inc.	43	398
	Nichirei Corp.	81	344
	Nippon Meat Packers Inc.	36	362
	Nippon Suisan Kaisha Ltd.	69	342
	Nipro Corp.	18	342
	Nisshin Seifun Group Inc.	42	378
	Nissin Food Products Co Ltd.	13	408
	Nobel Biocare Holding AG.	1	291

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Novartis AG.	137	7,285
	Novo Nordisk A/S.	11	1,364
	Novozymes A/S.	3	327
	Nutreco Holding NV.	5	341
	Odyssey HealthCare Inc.	97	994
	Olam International Ltd.	196	474
	Omega Pharma SA.	4	268
	Omnicare Inc.	78	2,301
	Ono Pharmaceutical Co Ltd.	14	721
	Onyx Pharmaceuticals Inc.	71	3,316
	OSI Pharmaceuticals Inc.	26	1,081
	Pacific Brands Ltd.	126	406
	Parexel International Corp.	35	1,610
	Park24 Co Ltd.	38	375
	Parkway Holdings Ltd.	151	434
	Parmalat SpA.	108	399
	Patterson Cos Inc.	69	2,699
	PDL BioPharma Inc.	62	1,314
	Pediatrix Medical Group Inc.	64	4,192
	Pepsi Bottling Group Inc.	101	4,351
	PepsiAmericas Inc.	41	1,465
	Performance Food Group Co.	60	1,619
	Pernod-Ricard SA.	5	1,155
	Perrigo Co.	165	3,912
	Pharmaceutical Product Develop.	55	2,323
	PharMerica Corp.	61	973
	PolyMedica Corp.	28	1,483
	Premier Foods PLC.	75	352
	Pre-Paid Legal Services Inc. (b)	11	656
	Psychiatric Solutions Inc. (b)	70	2,772
	Qiagen NV.	22	515
	QP Corp.	40	394
	Quest Diagnostics Inc.	20	1,064
	Ralcorp Holdings Inc. (b)	35	1,971
	Randstad Holding NV.	6	332
	Reckitt Benckiser Group PLC.	33	1,914
	Regeneron Pharmaceuticals Inc.	79	1,738
	Rent-A-Center Inc/TX.	129	2,064
	Rentokil Initial PLC.	121	433
	Resmed Inc.	40	1,657
	Resources Connection Inc.	60	1,366
	Respironics Inc.	39	1,952
	Reynolds American Inc.	15	966
	Rhoen Klinikum AG.	13	410
	Robert Half International Inc.	89	2,678
	Roche Holding AG.	41	7,033
	Rohto Pharmaceutical Co Ltd.	37	438
	Royal Numico NV.	10	790
	RR Donnelley & Sons Co.	154	6,205
	SABMiller PLC.	47	1,412
	Safeway Inc.	45	1,530
	SAIC Inc.	221	4,356
	Sanofi-Aventis SA.	57	4,998
	Santen Pharmaceutical Co Ltd.	16	374
	Sapporo Holdings Ltd.	64	480
	SAPRR.	4	425
	Saputo Inc.	8	491
	Sara Lee Corp.	65	1,075
	Savient Pharmaceuticals Inc.	88	1,239
	Schering-Plough Corp.	216	6,592
	Scottish & Newcastle PLC.	46	749
	Secom Co Ltd.	27	1,383
	Securitas AB.	25	316
	Sepracor Inc.	56	1,542
	Serco Group PLC.	43	403
	Service Corp International/US.	576	8,335
	Shimadzu Corp.	35	348
	Shionogi & Co Ltd.	38	645
	Shire PLC.	30	749
	Shiseido Co Ltd.	46	1,102

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Sierra Health Services Inc.	66	2,792
	Sigma Pharmaceuticals Ltd.	244	345
	Smith & Nephew PLC.	51	689
	Smithfield Foods Inc.	80	2,294
	Societe BIC SA.	5	389
	Sohgo Security Services Co Ltd.	24	397
	Sonic Healthcare Ltd.	32	513
	Sonova Holding AG.	4	449
	Sotheby's.	86	4,659
	Spherion Corp.	107	933
	St Jude Medical Inc. (b)	46	1,874
	Stada Arzneimittel AG.	6	381
	STERIS Corp.	138	4,008
	Stewart Enterprises Inc.	186	1,687
	Straumann Holding AG.	1	279
	Strayer Education Inc.	19	3,543
	Stryker Corp.	49	3,479
	Sunrise Senior Living Inc.	57	2,109
	SUPERVALU Inc.	150	5,813
	Suzuken Co Ltd.	12	386
	Swedish Match AB.	20	447
	Symbion Health Ltd.	109	410
	Synthes Inc.	3	374
	SYSCO Corp.	82	2,812
	Sysmex Corp.	10	407
	Taisho Pharmaceutical Co Ltd.	28	538
	Takara Holdings Inc.	62	362
	Takeda Pharmaceutical Co Ltd.	98	6,082
	Tate & Lyle PLC.	34	308
	Techne Corp.	48	3,132
	TeleTech Holdings Inc.	52	1,296
	Tenet Healthcare Corp. (b)	307	1,078
	Terumo Corp.	24	1,167
	Tesco PLC.	436	4,425
	Thai Beverage PCL.	2,152	387
	Theravance Inc.	61	1,526
	Tingyi Cayman Islands Holding.	441	671
	TIS Inc.	17	294
	Toppan Printing Co Ltd.	79	768
	Toyama Chemical Co Ltd. (b)	56	347
	Toyo Suisan Kaisha Ltd.	24	416
	Transurban Group.	114	772
	Tsumura & Co.	22	392
	Tupperware Brands Corp.	130	4,693
	Tyson Foods Inc.	181	2,860
	UCB SA.	7	411
	Unicharm Corp.	7	416
	Unilever NV.	94	3,048
	Unilever PLC.	72	2,433
	United Natural Foods Inc.	51	1,476
	United Rentals Inc.	158	5,402
	United Therapeutics Corp.	25	1,711
	UnitedHealth Group Inc.	191	9,388
	Universal Corp/Richmond VA.	59	2,876
	Universal Health Services Inc.	27	1,316
	UST Inc.	114	6,078
	Valassis Communications Inc. (b)	91	896
	Varian Medical Systems Inc. (b)	67	3,268
	VCA Antech Inc.	108	4,973
	Vedior NV.	15	340
	Ventana Medical Systems Inc.	45	3,960
	Vertex Pharmaceuticals Inc.	70	2,264
	Viad Corp.	36	1,276
	VistaPrint Ltd.	51	2,426
	Watson Pharmaceuticals Inc.	64	1,956
	Watson Wyatt Worldwide Inc.	55	2,622
	WD-40 Co.	32	1,267
	Weight Watchers International.	19	974
	WellCare Health Plans Inc.	18	435
	WellPoint Inc.	55	4,358

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
West Pharmaceutical Services I.	42	1,736
Western Union Co/The.	103	2,270
Whole Foods Market Inc.	74	3,666
William Demant Holding. (b)	4	367
Wilmar International Ltd.	288	824
WM Morrison Supermarkets PLC.	127	781
WM Wrigley Jr Co.	37	2,278
Woolworths Ltd.	142	4,424
Wyeth.	126	6,127
Yakult Honsha Co Ltd.	19	438
Yamazaki Baking Co Ltd.	48	419
Zimmer Holdings Inc.	32	2,224
		815,997

ENERGY (3.2%)
Acergy SA.	14	404
Advantage Energy Income Fund.	10	127
Alpha Natural Resources Inc.	84	2,305
Anadarko Petroleum Corp.	48	2,833
Apache Corp.	33	3,426
Arch Coal Inc.	76	3,116
Arrow Energy NL.	159	421
Atwood Oceanics Inc.	34	2,864
Australian Worldwide Explorati.	131	366
Baker Hughes Inc.	49	4,249
BG Group PLC.	196	3,626
Bourbon SA.	6	424
BP PLC.	1,056	13,726
Cabot Oil & Gas Corp.	127	5,041
Caltex Australia Ltd.	18	358
Cameron International Corp.	58	5,647
Canadian Natural Resources Ltd.	30	2,495
Canadian Oil Sands Trust.	13	477
CGG-Veritas. (b)	2	655
Cheniere Energy Inc.	58	2,349
Chesapeake Energy Corp.	63	2,487
Chevron Corp.	202	18,485
Cimarex Energy Co.	52	2,107
CNOOC Ltd.	1,716	3,578
Cnpc Hong Kong Ltd.	625	504
ConocoPhillips.	148	12,574
Consol Energy Inc.	97	5,481
Core Laboratories NV.	31	4,524
Cosmo Oil Co Ltd.	79	339
Covanta Holding Corp.	56	1,518
Crosstex Energy Inc.	60	2,212
Delta Petroleum Corp.	84	1,571
Denbury Resources Inc.	65	3,679
Devon Energy Corp.	42	3,923
Diamond Offshore Drilling Inc.	9	1,019
El Paso Corp.	468	8,265
Enbridge Inc.	18	779
EnCana Corp.	42	2,938
Encore Acquisition Co.	99	3,633
Enerplus Resources Fund.	9	436
ENI SpA.	135	4,927
ENSCO International Inc.	80	4,439
EOG Resources Inc.	38	3,367
EXCO Resources Inc.	180	3,038
Exterran Holdings Inc.	177	14,903
Exxon Mobil Corp.	527	48,479
First Solar Inc.	17	2,700
FMC Technologies Inc.	68	4,123
Fording Canadian Coal Trust.	4	147
Fugro NV.	6	526
Global Industries Ltd.	112	2,757
Grant Prideco Inc.	68	3,343
Grey Wolf Inc.	341	1,920
Halliburton Co.	136	5,361
Headwaters Inc.	82	1,177

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Helix Energy Solutions Group I.	44	2,035
	Helmerich & Payne Inc.	48	1,518
	Hercules Offshore Inc.	104	2,812
	Hess Corp.	31	2,220
	Holly Corp.	61	3,831
	Husky Energy Inc.	14	652
	Idemitsu Kosan Co Ltd.	4	461
	Imperial Oil Ltd.	16	871
	ION Geophysical Corp.	129	1,954
	Japan Petroleum Exploration Co.	6	455
	John Wood Group PLC.	59	512
	Lundin Petroleum AB.	36	432
	Marathon Oil Corp.	74	4,369
	Mariner Energy Inc.	172	4,300
	National Fuel Gas Co.	45	2,182
	National Oilwell Varco Inc.	47	3,442
	Neste Oil OYJ.	11	395
	Nexen Inc.	26	880
	Niko Resources Ltd.	4	448
	Nippon Mining Holdings Inc.	110	1,028
	Nippon Oil Corp.	172	1,507
	Noble Corp.	142	7,519
	Occidental Petroleum Corp.	84	5,800
	Oceaneering International Inc.	71	5,486
	Oil Search Ltd.	117	463
	Oilexco Inc.	32	584
	OMV AG.	8	598
	Oneok Inc.	65	3,246
	OPTI Canada Inc.	18	363
	Origin Energy Ltd.	103	878
	Parker Drilling Co. (b)	220	1,857
	Peabody Energy Corp.	35	1,951
	Pengrowth Energy Trust.	21	400
	Penn Virginia Corp.	49	2,372
	Penn West Energy Trust.	12	383
	Petro-Canada.	27	1,557
	Pride International Inc.	88	3,247
	PrimeWest Energy Trust.	6	168
	Q-Cells AG.	4	510
	Questar Corp.	91	5,194
	Quicksilver Resources Inc.	27	1,539
	Range Resources Corp.	78	3,505
	Renewable Energy Corp AS.	10	510
	Repsol YPF SA.	44	1,737
	Rowan Cos Inc.	71	2,768
	Royal Dutch Shell PLC.	288	12,575
	Saipem SpA.	14	619
	Santos Ltd.	70	915
	SBM Offshore NV.	9	346
	Schlumberger Ltd.	172	16,610
	SEACOR Holdings Inc.	31	2,841
	SeaDrill Ltd.	19	452
	Showa Shell Sekiyu KK.	31	362
	Singapore Petroleum Co Ltd.	90	510
	Smith International Inc.	106	7,001
	Solarworld AG.	8	550
	Southwestern Energy Co. (b)	90	4,656
	Spectra Energy Corp.	64	1,663
	St Mary Land & Exploration Co.	81	3,431
	StatoilHydro ASA.	69	2,335
	Stone Energy Corp.	48	2,140
	Suncor Energy Inc.	25	2,737
	Sunoco Inc.	85	6,256
	Sunpower Corp.	18	2,276
	Superior Energy Services.	105	3,893
	Talisman Energy Inc.	58	1,263
	Technip SA.	6	538
	Tesoro Corp.	96	5,811
	Tetra Technologies Inc.	94	1,851
	TonenGeneral Sekiyu KK.	40	401

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Total SA.	125	10,075
TransCanada Corp.	29	1,233
Transocean Inc.	44	5,252
Trican Well Service Ltd.	21	445
Tullow Oil PLC.	40	531
Ultra Petroleum Corp.	80	5,669
UTS Energy Corp.	67	433
Valero Energy Corp.	56	3,944
Weatherford International Ltd.	52	3,375
WesternZagros Resources Ltd.	12	43
W-H Energy Services Inc.	40	2,302
Woodside Petroleum Ltd.	53	2,567
XTO Energy Inc.	59	3,916
		446,926

FINANCIAL (8.1%)
77 Bank Ltd/The.	59	397
ABN AMRO Holding NV.	105	5,674
ACE Ltd.	33	2,000
Acom Co Ltd.	11	262
Adelaide Bank Ltd.	30	410
Admiral Group PLC.	23	493
Aegon NV.	80	1,652
Aeon Credit Service Co Ltd.	27	413
Aeon Mall Co Ltd.	13	336
Affiliated Managers Group Inc.	16	2,105
AGF Management Ltd.	11	427
Agile Property Holdings Ltd.	218	522
Aiful Corp.	15	352
Aioi Insurance Co Ltd.	65	375
Alexandria Real Estate Equitie.	38	3,919
Allco Finance Group Ltd.	42	298
Alleanza Assicurazioni SpA.	30	406
Alleghany Corp. (b)	3	1,179
Alliance & Leicester PLC.	24	395
Allianz SE.	25	5,631
Allied Irish Banks PLC.	51	1,277
Allied World Assurance Holding.	21	1,006
Allstate Corp/The.	55	2,882
Alpha Bank AE.	22	814
AMB Property Corp.	52	3,398
AMBAC Financial Group Inc.	72	2,652
Amcore Financial Inc.	39	925
American Express Co.	153	9,325
American Financial Group Inc/O.	44	1,316
American Financial Realty Trus.	234	1,577
American International Group I.	212	13,381
American National Insurance.	11	1,422
AmeriCredit Corp.	74	1,044
Ameriprise Financial Inc.	21	1,323
Amlin PLC.	69	461
AMP Ltd.	221	2,098
Anchor Bancorp Wisconsin Inc.	36	886
Anglo Irish Bank Corp PLC.	40	670
Annaly Capital Management Inc.	648	11,074
AON Corp.	26	1,178
Apartment Investment & Managem.	49	2,290
Arch Capital Group Ltd.	34	2,542
Ardepro Co Ltd.	1	331
Arthur J Gallagher & Co.	62	1,650
Ascendas Real Estate Investmen.	216	387
Aspen Insurance Holdings Ltd.	56	1,532
Assicurazioni Generali SpA.	66	3,136
Associated Banc-Corp.	75	2,165
Assurant Inc.	64	3,740
Assured Guaranty Ltd.	30	692
Astoria Financial Corp.	56	1,455
ASX Ltd.	20	1,068
Australia & New Zealand Bankin.	216	6,056
AvalonBay Communities Inc.	42	5,151

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Aviva PLC.	143	2,247
	Awa Bank Ltd/The.	81	433
	AXA Asia Pacific Holdings Ltd.	106	806
	AXA SA.	99	4,425
	Axis Capital Holdings Ltd.	91	3,616
	Babcock & Brown Ltd.	34	966
	Baloise Holding AG.	4	425
	Banca Carige SpA.	83	397
	Banca Monte dei Paschi di Sien.	69	441
	Banca Popolare di Milano Scarl.	27	424
	Banco BPI SA.	42	367
	Banco Comercial Portugues SA.	184	890
	Banco de Valencia SA.	7	400
	Banco Espirito Santo SA.	16	387
	Banco Pastor SA.	19	322
	Banco Popular Espanol SA.	42	733
	Banco Santander SA.	344	7,473
	Bancorpsouth Inc.	165	4,003
	Bank of America Corp.	424	20,471
	Bank of East Asia Ltd.	183	1,233
	Bank of Ikeda Ltd/The.	9	378
	Bank of Ireland.	54	997
	Bank of Kyoto Ltd/The.	41	521
	Bank of Montreal.	28	1,867
	Bank of Nagoya Ltd/The.	62	456
	Bank of New York Mellon Corp/T.	180	8,793
	Bank of Nova Scotia.	54	3,057
	Bank of Queensland Ltd.	26	464
	Bank of Yokohama Ltd/The.	166	1,168
	Bankinter SA.	22	327
	Barclays PLC.	360	4,522
	BB&T Corp.	55	2,033
	BBVA.	195	4,906
	Bear Stearns Cos Inc/The.	10	1,136
	Bendigo Bank Ltd.	28	364
	BioMed Realty Trust Inc.	128	3,058
	BNP Paribas.	48	5,290
	BOC Hong Kong Holdings Ltd.	422	1,184
	BOK Financial Corp.	19	1,036
	Bolsas y Mercados Espanoles.	7	488
	Boston Properties Inc.	16	1,733
	Bradford & Bingley PLC.	45	289
	Brandywine Realty Trust.	187	4,838
	BRE Properties Inc.	66	3,617
	Brit Insurance Holdings Plc.	56	378
	British Land Co PLC.	29	654
	Brookfield Asset Management In.	32	1,307
	Cabcharge Australia Ltd.	36	356
	Cambridge Industrial Trust.	215	108
	Camden Property Trust.	30	1,871
	Canadian Imperial Bank of Comm.	19	2,051
	CapitaCommercial Trust.	221	411
	Capital One Financial Corp.	43	2,820
	CapitaLand Ltd.	197	1,096
	CapitalSource Inc.	87	1,585
	CapitaMall Trust.	156	395
	Cathay General Bancorp.	83	2,571
	Catlin Group Ltd.	40	417
	Cattles PLC.	51	362
	CB Richard Ellis Group Inc.	108	2,633
	Centro Properties Group.	100	652
	CFS Retail Property Trust.	236	536
	Challenger Financial Services.	81	477
	Charles Schwab Corp/The.	158	3,672
	Cheung Kong Holdings Ltd.	172	3,344
	Chiba Bank Ltd/The.	106	842
	China Everbright Ltd. (b)	164	726
	China Insurance International. (b)	157	505
	CHINA OVERSEAS LAND & INVEST.	34	28
	China Overseas Land & Investme.	415	980

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
China Resources Land Ltd.	211	529
Chinese Estates Holdings Ltd.	212	426
Chittenden Corp.	100	3,562
Chubb Corp.	41	2,187
Chugoku Bank Ltd/The.	29	420
Chuo Mitsui Trust Holdings Inc.	116	920
Cigna Corp.	29	1,522
Cincinnati Financial Corp.	115	4,575
CIT Group Inc.	135	4,757
CITIC International Financial.	461	393
Citigroup Inc.	472	19,777
Citizens Republic Bancorp Inc.	140	2,131
City Developments Ltd.	56	612
City National Corp/CA.	25	1,690
Close Brothers Group Plc.	23	367
CME Group Inc.	21	13,991
CNP Assurances.	3	382
Colonial BancGroup Inc/The.	97	1,860
Colonial Properties Trust.	98	3,070
Comerica Inc.	12	560
Commerce Bancorp Inc/NJ.	124	5,053
Commerce Bancshares Inc/Kansas.	48	2,264
Commerce Group Inc.	109	3,977
Commerzbank AG.	33	1,401
Man Group Plc.	103	1,260
Commonwealth Bank of Australia.	152	8,707
Commonwealth Property Office F.	283	416
CompuCredit Corp.	34	678
Conseco Inc.	138	2,179
Corio NV.	4	351
Corp Financiera Alba.	5	374
Corporate Office Properties Tr.	61	2,521
Countrywide Financial Corp.	61	947
Cousins Properties Inc.	75	2,159
Credit Agricole SA.	41	1,621
Credit Saison Co Ltd.	20	633
Credit Suisse Group.	58	3,900
Cullen/Frost Bankers Inc.	39	2,074
Dah Sing Financial Holdings Lt.	42	399
Daishi Bank Ltd/The.	91	395
Daito Trust Cons.	11	505
Daiwa Securities Group Inc.	164	1,561
Danske Bank A/S.	26	1,146
DB RREEF Trust.	341	664
DBS Group Holdings Ltd.	131	2,028
DCT Industrial Trust Inc.	360	3,863
Derwent London PLC.	11	380
Deutsche Bank AG.	29	3,885
Deutsche Boerse AG.	11	1,768
Deutsche Postbank AG.	5	366
Dexia SA.	31	994
DiamondRock Hospitality Co.	186	3,564
Digital Realty Trust Inc.	72	3,167
Dime Community Bancshares.	59	849
DnB NOR ASA.	41	676
Downey Financial Corp.	38	1,548
Duke Realty Corp.	86	2,765
EFG Eurobank Ergasias SA.	15	584
Endurance Specialty Holdings L.	37	1,451
Equity Inns Inc.	0	0
Equity Lifestyle Properties In.	28	1,407
Equity Residential.	33	1,379
Erie Indemnity Co.	33	1,878
Erste Bank der Oesterreichisch.	12	973
Essex Property Trust Inc.	34	4,197
Eurazeo.	3	447
Everest Re Group Ltd.	44	4,688
Fairfax Financial Holdings Ltd.	2	553
Fannie Mae.	91	5,191
Federal Realty Invs Trust.	30	2,647

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Federated Investors Inc.	62	2,666
	FelCor Lodging Trust Inc.	133	2,785
	Fidelity National Financial In.	138	2,124
	Fifth Third Bancorp.	48	1,501
	First American Corp.	54	1,625
	First Bancorp/Puerto Rico.	141	1,239
	First Horizon National Corp.	79	2,060
	First Marblehead Corp/The.	46	1,786
	First Midwest Bancorp Inc/IL.	107	3,604
	First Niagara Financial Group.	225	2,970
	FirstFed Financial Corp. (b)	27	1,155
	FirstMerit Corp.	160	3,392
	FKP Property Group.	65	444
	FNB Corp/PA.	110	1,828
	Fondiaria-Sai SpA.	8	388
	Forest City Enterprises Inc.	31	1,765
	Fortis.	72	2,301
	Franklin Resources Inc.	23	2,983
	Franklin Street Properties Cor.	117	1,901
	Fraser and Neave Ltd.	129	535
	Freddie Mac.	67	3,499
	Fremont General Corp.	169	468
	Friedman Billings Ramsey Group.	400	1,720
	Friends Provident PLC.	118	452
	Frontier Financial Corp.	86	1,908
	Fulton Financial Corp.	371	4,864
	Gecina SA.	2	342
	Genting International PLC. (b)	657	313
	Genworth Financial Inc.	44	1,201
	Goldman Sachs Group Inc/The.	36	8,925
	Goodman Group.	173	1,112
	GPT Group.	241	1,037
	Great Eagle Holdings Ltd.	102	421
	Great Eastern Holdings Ltd.	32	383
	Great Portland Estates PLC.	29	345
	Great-West Lifeco Inc.	14	553
	Greentown China Holdings Ltd.	161	342
	Gunma Bank Ltd/The.	59	417
	Guoco Group Ltd.	26	399
	GZI Real Estate Investment Tru.	323	130
	Hachijuni Bank Ltd/The.	61	464
	Hammerson PLC.	16	370
	Hang Lung Group Ltd.	99	580
	Hang Lung Properties Ltd.	216	1,027
	Hang Seng Bank Ltd.	81	1,643
	Hannover Rueckversicherung AG.	9	474
	Hartford Financial Services Gr.	32	3,105
	HBOS PLC.	206	3,740
	HCC Insurance Holdings Inc.	70	2,092
	HCP Inc.	144	4,902
	Health Care REIT Inc.	161	7,131
	Healthcare Realty Trust Inc.	102	2,697
	Heiwa Real Estate Co Ltd.	55	389
	Henderson Group PLC.	97	376
	Henderson Investment Ltd.	235	468
	Henderson Land Development Co.	80	712
	Higo Bank Ltd/The.	58	401
	Hilb Rogal & Hobbs Co.	48	2,115
	Hiroshima Bank Ltd/The.	74	400
	Hokkoku Bank Ltd/The.	90	427
	Hokuhoku Financial Group Inc.	164	502
	Home Properties Inc.	43	2,211
	Hong Kong Exchanges and Cleari.	125	4,132
	Hongkong Land Holdings Ltd.	219	1,091
	Hopewell Holdings.	89	458
	Hopson Development Holdings Lt.	107	411
	Horace Mann Educators Corp.	101	2,090
	Hospitality Properties Trust.	60	2,376
	Host Hotels & Resorts Inc.	53	1,174
	HRPT Properties Trust.	449	4,216

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	HSBC Holdings PLC.	644	12,737
	Hudson City Bancorp Inc.	323	5,058
	Huntington Bancshares Inc/OH.	260	4,657
	Hyakugo Bank Ltd/The.	60	357
	Hyakujushi Bank Ltd/The.	76	382
	Hypo Real Estate Holding AG.	10	596
	Hysan Development Co Ltd.	149	448
	ICAP PLC.	40	487
	IGM Financial Inc.	8	465
	Immoeast AG. (b)	29	353
	IMMOFINANZ AG.	30	356
	Industrial Alliance Insurance.	10	421
	IndyMac Bancorp Inc.	156	2,094
	ING Groep NV.	115	5,170
	ING Industrial Fund.	182	475
	ING Office Fund.	269	451
	Insurance Australia Group Ltd.	212	928
	IntercontinentalExchange Inc.	38	6,772
	International Bancshares Corp.	42	918
	International Securities Excha.	48	3,218
	Intesa Sanpaolo SpA.	584	4,600
	Invesco PLC.	46	706
	Investec PLC.	31	375
	Investment Technology Group In. (b)	58	2,430
	Investor AB.	40	982
	IPC Holdings Ltd.	52	1,555
	Irish Life & Permanent PLC.	16	365
	iStar Financial Inc.	80	2,441
	IVG Immobilien AG.	11	497
	Iyo Bank Ltd/The.	44	428
	Jafco Co Ltd.	8	327
	Janus Capital Group Inc.	118	4,072
	Japan Securities Finance Co Lt.	28	292
	Jefferies Group Inc.	68	1,818
	Jones Lang LaSalle Inc.	19	1,811
	Joyo Bank Ltd/The.	95	585
	JPMorgan Chase & Co.	318	14,946
	Juroku Bank Ltd/The.	64	386
	Jyske Bank A/S. (b)	5	412
	Kagoshima Bank Ltd/The.	53	366
	KBC Groep NV.	9	1,260
	Keiyo Bank Ltd/The.	69	354
	Keppel Land Ltd.	70	402
	Kerry Properties Ltd.	53	455
	Keycorp.	40	1,138
	Kilroy Realty Corp.	42	2,732
	Kimco Realty Corp.	154	6,394
	Kinnevik Investment AB.	20	496
	Klepierre.	6	325
	Knight Capital Group Inc.	191	2,561
	Kowloon Development Co Ltd.	175	542
	LaBranche & Co Inc. (b)	133	729
	Land Securities Group PLC.	24	821
	LaSalle Hotel Properties.	52	2,149
	Legal & General Group PLC.	360	1,049
	Lehman Brothers Holdings Inc.	54	3,420
	Lend Lease Corp Ltd.	41	766
	Leopalace21 Corp.	16	508
	Lexington Realty Trust.	135	2,672
	Liberty International PLC.	18	448
	Liberty Property Trust.	58	2,182
	Lincoln National Corp.	28	1,746
	Link REIT/The.	196	442
	Lloyds TSB Group PLC.	310	3,517
	Loews Corp.	47	2,307
	London Stock Exchange Group PL.	14	489
	M&T Bank Corp.	6	597
	Macerich Co/The.	38	3,257
	Mack-Cali Realty Corp.	43	1,702
	Macquarie Communications Infra.	76	406

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Macquarie CountryWide Trust.	229	429
	Macquarie Group Ltd.	30	2,349
	Macquarie Infrastructure Group.	317	933
	Macquarie Office Trust.	296	452
	Manulife Financial Corp.	85	3,976
	Mapfre SA.	82	385
	Markel Corp.	5	2,716
	Marsh & McLennan Cos Inc.	56	1,450
	Marshall & Ilsley Corp.	159	6,789
	MBIA Inc.	82	3,529
	Mediobanca SpA.	21	498
	Meinl European Land Ltd.	17	238
	Mercury General Corp.	16	821
	Merrill Lynch & Co Inc.	76	5,018
	MetLife Inc.	46	3,167
	MGIC Investment Corp.	53	1,026
	Mid-America Apartment Communit.	33	1,716
	Millea Holdings Inc.	97	3,800
	Mirvac Group.	119	641
	Mitsubishi Estate Co Ltd.	162	4,802
	Mitsubishi UFJ Financial Group.	1,036	10,228
	Mitsubishi UFJ Lease & Finance.	9	310
	Mitsubishi UFJ Nicos Co Ltd.	143	274
	Mitsui Fudosan Co Ltd.	104	2,848
	Mitsui Sumitomo Insurance Co L.	169	1,922
	Mizuho Financial Group Inc.	1	5,573
	Mizuho Trust & Banking Co Ltd.	202	357
	Montpelier Re Holdings Ltd.	58	1,038
	Morgan Stanley.	91	6,121
	Muenchener Rueckversicherungs.	12	2,294
	Musashino Bank Ltd/The.	8	376
	Nanto Bank Ltd/The.	77	401
	Nasdaq Stock Market Inc/The.	52	2,428
	National Australia Bank Ltd.	189	7,587
	National Bank of Canada.	9	521
	National Bank of Greece SA.	26	1,807
	National City Corp.	169	4,098
	National Financial Partners Co.	49	2,679
	National Retail Properties Inc.	144	3,650
	Nationwide Financial Services.	109	5,848
	Nationwide Health Properties I.	195	6,088
	New World Development Ltd.	264	942
	New York Community Bancorp Inc.	186	3,461
	NewAlliance Bancshares Inc.	226	3,162
	Newcastle Investment Corp.	105	1,559
	Nexity.	5	332
	Nikko Cordial Corp.	44	630
	Nipponkoa Insurance Co Ltd.	95	865
	Nishi-Nippon City Bank Ltd/The.	115	338
	Nissay Dowa General Insurance.	69	390
	Nomura Holdings Inc.	225	3,998
	Nomura Real Estate Holdings In.	13	373
	Nordea Bank AB.	114	2,039
	Northern Rock PLC.	23	88
	Nuveen Investments Inc.	42	2,722
	Nymex Holdings Inc.	6	771
	NYSE Euronext.	26	2,441
	Ogaki Kyoritsu Bank Ltd/The.	77	428
	Okasan Holdings Inc.	61	407
	OKO Bank plc.	22	472
	Old Mutual PLC.	303	1,159
	Old National Bancorp/IN.	122	2,039
	Old Republic International Cor.	164	2,514
	OMX AB.	13	546
	Onex Corp.	12	505
	ORIX Corp.	11	2,213
	Oversea-Chinese Banking Corp.	291	1,850
	Pacific Capital Bancorp NA.	94	1,949
	Park National Corp.	15	1,189
	PartnerRe Ltd.	39	3,247

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Pennsylvania Real Estate Inves.	84	3,205
	Perpetual Ltd.	6	415
	PFF Bancorp Inc.	52	554
	Philadelphia Consolidated Hold.	78	3,182
	Phoenix Cos Inc/The.	231	3,183
	Piccolo Credito Valtellinese S.	27	375
	Piper Jaffray Cos.	24	1,234
	Piraeus Bank SA.	19	762
	Platinum Underwriters Holdings.	117	4,212
	PMI Group Inc/The.	54	866
	PNC Financial Services Group I.	35	2,526
	Popular Inc.	160	1,688
	Power Corp Of Canada.	17	729
	Power Financial Corp.	13	579
	Principal Financial Group Inc.	27	1,827
	ProAssurance Corp.	43	2,371
	Promise Co Ltd.	14	419
	Prosperity REIT.	615	127
	Protective Life Corp.	41	1,758
	Provident Bankshares Corp.	59	1,456
	Provident Financial Services I.	115	1,822
	Prudential Financial Inc.	44	4,256
	Prudential PLC.	134	2,179
	PSP Swiss Property AG.	7	379
	Public Storage.	18	1,457
	QBE Insurance Group Ltd.	102	3,088
	Quintain Estates & Development.	21	268
	Radian Group Inc.	50	630
	Raiffeisen International Bank.	3	496
	RAIT Financial Trust.	118	1,074
	Ratos AB.	12	352
	Raymond James Financial Inc.	60	2,235
	Realty Income Corp.	216	6,381
	Redwood Trust Inc.	47	1,238
	Regency Centers Corp.	36	2,573
	Regions Financial Corp.	72	1,953
	Reinsurance Group of America I.	18	1,028
	RenaissanceRe Holdings Ltd.	42	2,450
	Resolution Plc.	38	577
	RioCan REIT.	18	443
	RLI Corp.	28	1,629
	Royal & Sun Alliance Insurance.	164	538
	Royal Bank of Canada.	70	4,152
	Royal Bank of Scotland Group P.	520	5,586
	Safeco Corp.	67	3,879
	Sampo Oyj.	27	846
	San-In Godo Bank Ltd/The.	44	395
	Schroders PLC.	15	480
	Segro PLC.	32	311
	Selective Insurance Group.	104	2,528
	Senior Housing Properties Trus.	179	4,013
	Senshu Bank Ltd/The.	152	352
	Shenzhen Investment Ltd.	445	425
	Shiga Bank Ltd/The.	60	424
	Shimao Property Holdings Ltd.	145	512
	Shinko Securities Co Ltd.	79	404
	Shinsei Bank Ltd.	174	558
	Shizuoka Bank Ltd/The.	84	877
	Shui On Land Ltd.	369	509
	Shun Tak Holdings Ltd.	248	388
	Silic.	2	309
	Simon Property Group Inc.	34	3,540
	Singapore Exchange Ltd.	125	1,348
	Sino Land Co.	171	531
	Skandinaviska Enskilda Banken.	30	919
	SL Green Realty Corp.	31	3,740
	Societa Cattolica di Assicuraz.	7	463
	Societe Generale.	25	4,195
	Sompo Japan Insurance Inc.	116	1,351
	South Financial Group Inc/The.	156	3,223

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Sovereign Bancorp Inc.	232	3,348
	St George Bank Ltd.	63	2,133
	Standard Chartered PLC.	77	2,988
	Standard Life PLC.	116	686
	State Street Corp.	48	3,829
	Sterling Bancshares Inc/TX.	134	1,635
	Sterling Financial Corp/WA.	109	2,453
	Stockland.	164	1,367
	Storebrand ASA.	25	357
	Strategic Hotels & Resorts Inc.	159	3,473
	Sumitomo Realty & Development.	56	1,956
	Sumitomo Trust & Banking Co Lt.	197	1,453
	Sun Hung Kai Properties Ltd.	162	3,068
	Sun Life Financial Inc.	32	1,859
	Suncorp-Metway Ltd.	109	2,059
	Sunstone Hotel Investors Inc.	115	3,198
	Suntec REIT.	310	388
	SunTrust Banks Inc.	36	2,614
	Suruga Bank Ltd.	31	405
	Susquehanna Bancshares Inc.	95	1,916
	SVB Financial Group. (b)	44	2,279
	Svenska Handelsbanken AB.	28	928
	Swedbank AB.	20	625
	Swiss Life Holding.	2	552
	Swiss Reinsurance.	21	1,971
	SWS Group Inc.	58	1,101
	Sydbank A/S.	8	368
	Synovus Financial Corp.	197	5,193
	T Rowe Price Group Inc.	140	8,994
	T&D Holdings Inc.	29	1,727
	Takefuji Corp.	16	408
	Taubman Centers Inc.	70	4,121
	TCF Financial Corp.	79	1,799
	TD Ameritrade Holding Corp. (b)	33	632
	Thornburg Mortgage Inc.	76	798
	Tokai Tokyo Securities Co Ltd.	69	367
	Tokyo Tatemono Co Ltd.	37	471
	Tokyo Tomin Bank Ltd/The.	11	363
	Tokyu Land Corp.	54	554
	Topdanmark A/S. (b)	2	341
	Torchmark Corp.	60	3,910
	Toronto-Dominion Bank.	40	3,021
	Travelers Cos Inc/The.	68	3,550
	Trustco Bank Corp NY.	175	1,845
	Trustmark Corp.	94	2,537
	TSX Group Inc.	10	539
	UBS AG.	105	5,615
	UCBH Holdings Inc.	224	3,824
	UDR Inc.	85	2,018
	Umpqua Holdings Corp.	117	1,981
	Unibail-Rodamco.	4	994
	UniCredito Italiano SpA.	675	5,778
	UnionBanCal Corp.	33	1,782
	Unione di Banche Italiane SCPA.	35	973
	Unipol Gruppo Finanziario SpA.	236	864
	United Bankshares Inc.	94	2,848
	United Industrial Corp Ltd.	190	407
	United Overseas Bank Ltd.	143	2,125
	Unitrin Inc.	37	1,713
	Unum Group.	239	5,578
	UOL Group Ltd.	109	396
	Urban Corp.	24	414
	US Bancorp.	162	5,372
	Valad Property Group.	244	430
	Valley National Bancorp.	75	1,536
	Ventas Inc.	94	4,032
	Verwalt & Privat-Bank AG.	1	262
	W Holding Co Inc.	391	821
	Wachovia Corp.	188	8,597
	Waddell & Reed Financial Inc.	53	1,761

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Washington Federal Inc.	185	4,470
	Washington Mutual Inc.	90	2,509
	Webster Financial Corp.	116	4,204
	Weingarten Realty Investors.	50	1,913
	Wells Fargo & Co.	384	13,060
	Wereldhave NV.	1	119
	Westfield Group.	213	4,325
	Westpac Banking Corp.	216	6,144
	Wheelock & Co Ltd.	149	481
	White Mountains Insurance Grou.	4	2,150
	Whitney Holding Corp.	146	3,746
	Willis Group Holdings Ltd.	69	2,921
	Wilmington Trust Corp.	43	1,564
	Wing Hang Bank Ltd.	31	363
	Wing Lung Bank.	37	382
	Wing Tai Holdings Ltd.	157	375
	WR Berkley Corp.	105	3,159
	XL Capital Ltd.	18	1,295
	Yamaguchi Financial Group Inc.	31	361
	Yamanashi Chuo Bank Ltd/The.	62	361
	Yanlord Land Group Ltd.	181	490
	Zenith National Insurance Corp.	80	3,214
	Zurich Financial Services AG.	8	2,408
	Grand Total		1,142,625

	HOLDING COMPANIES (0.1%)
	Ackermans & Van Haaren.	4	416
	Beijing Enterprises Holdings L.	89	548
	China Merchants Holdings Inter.	116	810
	China Resources Enterprise.	126	546
	Citic Pacific Ltd.	88	551
	DCC Plc.	13	356
	First Pacific Co.	531	401
	GEA Group AG.	12	448
	Groupe Bruxelles Lambert SA.	5	638
	Guangdong Investment Ltd.	578	393
	Guangzhou Investment Co Ltd.	1,210	509
	Hutchison Whampoa Ltd.	252	3,141
	IFIL - Investments SpA.	36	410
	Jardine Matheson Holdings Ltd.	52	1,586
	Jardine Strategic Holdings Ltd.	45	747
	LVMH Moet Hennessy Louis Vuitt.	14	1,802
	Melco International Developmen.	267	500
	Noble Group Ltd.	346	564
	NWS Holdings Ltd.	159	597
	Shanghai Industrial Holdings L.	89	521
	Sherritt International Corp.	25	466
	Sofina SA.	3	365
	Solvac SA.	2	360
	Swire Pacific Ltd.	261	1,753
	Washington H Soul Pattinson &.	46	416
	Wendel.	2	343
	Wharf Holdings Ltd.	145	866
			20,055

	HEALTH CARE (0.3%)
	Csl Limited.	66	2,249
	Johnson & Johnson.	265	17,270
	Pfizer Inc.	670	16,489
			36,008

	INDUSTRIAL (4.8%)
	3M Co.	61	5,268
	AAR Corp. (b)	47	1,506
	ABB Ltd.	124	3,729
	Acciona SA.	1	308
	ACS Actividades de Construccio.	11	680
	Actuant Corp.	35	2,414
	Acuity Brands Inc.	56	2,677
	Advantest Corp.	20	574

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Aeroports de Paris.	3	343
	AGFA-Gevaert NV.	18	250
	Agilent Technologies Inc.	55	2,027
	Albany International Corp.	47	1,763
	Alfa Laval AB.	6	475
	Alliant Techsystems Inc.	47	5,188
	Allied Waste Industries Inc.	182	2,300
	Alps Electric Co Ltd.	39	485
	Alstom.	6	1,416
	Amada Co Ltd.	46	460
	Amcor Ltd.	106	693
	Amec PLC.	30	521
	American Commercial Lines Inc.	27	403
	Ametek Inc.	56	2,632
	Amphenol Corp.	94	4,161
	Ansell Ltd.	38	438
	Applera Corp - Applied Biosyst.	129	4,791
	Aptargroup Inc.	83	3,710
	Arkansas Best Corp.	44	1,208
	Arriva Plc.	24	418
	Arrow Electronics Inc. (b)	62	2,479
	Asahi Glass Co Ltd.	138	1,880
	Assa Abloy AB.	18	377
	Astec Industries Inc.	21	952
	Auckland International Airport.	152	336
	Avnet Inc. (b)	75	3,129
	BAE Systems PLC.	185	1,916
	Balfour Beatty PLC.	44	453
	BE Aerospace Inc.	119	5,915
	Belden Inc.	58	3,380
	Bemis Co Inc.	67	1,887
	Benchmark Electronics Inc.	141	2,892
	Bilfinger Berger AG.	4	354
	Boeing Co.	102	10,056
	Bombardier Inc. (b)	79	468
	Boral Ltd.	70	441
	Bouygues.	15	1,440
	Briggs & Stratton Corp.	91	2,048
	Brink's Co/The.	53	3,320
	Brother Industries Ltd.	33	440
	Bucyrus International Inc.	48	3,960
	Burlington Northern Santa Fe C.	29	2,527
	Buzzi Unicem SpA.	12	340
	CAE Inc.	30	405
	Campbell Brothers Ltd.	17	539
	Canadian National Railway Co.	26	1,458
	Canadian Pacific Railway Ltd.	8	563
	Cargotec Corp.	7	433
	Carillion PLC.	48	407
	Carlisle Cos Inc.	79	3,117
	Casio Computer Co Ltd.	31	291
	Central Glass Co Ltd.	69	325
	Ceradyne Inc.	33	2,258
	CH Robinson Worldwide Inc.	92	4,593
	Charter Plc. (b)	16	361
	Checkpoint Systems Inc. (b)	72	2,178
	Cheung Kong Infrastructure Hol.	108	421
	China Grand Forestry Resources. (b)	945	330
	Chiyoda Corp.	21	386
	Cie de Saint-Gobain.	20	2,143
	Cimpor Cimentos de Portugal SG.	39	354
	Cobham PLC.	99	433
	Coherent Inc.	41	1,345
	ComfortDelgro Corp Ltd.	285	380
	Commercial Metals Co.	75	2,354
	COMSYS Holdings Corp.	35	340
	Cookson Group PLC.	27	468
	Cooper Industries Ltd.	111	5,815
	Cosco Corp Singapore Ltd.	114	611
	CRH PLC.	30	1,146

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	CSR Ltd.	135	429
	CTS Corp.	91	1,124
	Cummins Inc.	50	5,998
	Cymer Inc.	46	1,955
	Daifuku Co Ltd.	31	367
	Daiichi Chuo Kisen Kaisha.	53	436
	Daikin Industries Ltd.	31	1,553
	Dainippon Screen Manufacturing.	53	312
	Danaher Corp.	37	3,170
	Deere & Co.	23	3,563
	Deutsche Post AG.	46	1,392
	Dionex Corp.	25	2,200
	Disco Corp.	7	413
	Donaldson Co Inc.	90	3,857
	Downer EDI Ltd.	64	395
	DRS Technologies Inc.	52	2,987
	Dyno Nobel Ltd.	211	483
	EADS.	19	645
	Eagle Materials Inc.	63	2,489
	Eastman Kodak Co.	201	5,761
	Eaton Corp.	94	8,703
	Ebara Corp.	81	379
	Eiffage SA.	3	339
	EMCOR Group Inc.	82	2,823
	Energizer Holdings Inc.	30	3,129
	Energy Conversion Devices Inc.	50	1,365
	ESCO Technologies Inc. (b)	33	1,366
	Esterline Technologies Corp. (b)	32	1,753
	Expeditors International Washi.	113	5,723
	Fanuc Ltd.	23	2,500
	FCC.	4	348
	FedEx Corp.	26	2,687
	Finmeccanica SpA.	16	475
	Finning International Inc.	15	516
	Firstgroup Plc.	30	496
	Fletcher Building Ltd.	56	512
	Flir Systems Inc.	86	5,968
	Florida Rock Industries Inc.	29	1,825
	Flowserve Corp.	30	2,369
	FLSmidth & Co A/S.	4	434
	Fluor Corp.	46	7,268
	Forward Air Corp.	37	1,207
	Foster Wheeler Ltd. (b)	37	5,485
	Fuji Electric Holdings Co Ltd.	93	351
	FUJIFILM Holdings Corp.	61	2,908
	Fujikura Ltd.	62	397
	Fukuyama Transporting Co Ltd.	75	333
	Funai Electric Co Ltd.	7	295
	Furukawa Electric Co Ltd.	83	396
	Futuris Corp Ltd.	188	371
	Gamesa Corp Tecnologica SA.	9	456
	Gardner Denver Inc.	68	2,457
	Garmin Ltd.	66	7,088
	General Cable Corp. (b)	68	4,895
	General Dynamics Corp.	34	3,093
	General Electric Co.	976	40,172
	General Maritime Corp.	67	1,888
	Genlyte Group Inc.	17	1,107
	Gentex Corp.	91	1,891
	Glory Ltd.	14	460
	Go-Ahead Group Plc.	7	393
	GrafTech International Ltd.	225	4,253
	Granite Construction Inc.	45	1,927
	Grupo Ferrovial SA.	4	348
	GWA International Ltd.	102	343
	Hamamatsu Photonics KK.	12	375
	Hankyu Hanshin Holdings Inc.	150	701
	Harsco Corp.	45	2,728
	Heidelberger Druckmaschinen AG.	8	328
	Hirose Electric Co Ltd.	4	476

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hitachi Cable Ltd.	63	418
	Hitachi Construction Machinery.	11	446
	Hitachi Koki Co Ltd.	22	390
	Hitachi Ltd.	393	2,660
	Hitachi Zosen Corp. (b)	200	331
	Hochtief AG.	4	549
	Holcim Ltd.	11	1,253
	Honeywell International Inc.	66	3,987
	Hong Kong Aircraft Engineerg.	22	557
	Horiba Ltd.	10	442
	Hosiden Corp.	25	437
	HOYA CORP.	51	1,843
	Hubbell Inc.	32	1,760
	Ibiden Co Ltd.	17	1,434
	IDEX Corp.	104	3,684
	Ihi Corp.	173	411
	Iino Kaiun Kaisha Ltd.	30	419
	Imerys SA.	4	389
	IMI Plc.	32	374
	Impregilo SpA. (b)	48	385
	Ingersoll-Rand Co Ltd.	25	1,259
	Insituform Technologies Inc.	52	731
	Intermec Inc.	61	1,551
	Invensys PLC.	50	340
	Itron Inc.	39	4,192
	ITT Corp.	96	6,424
	Jacobs Engineering Group Inc. (b)	62	5,403
	Japan Airport Terminal Co Ltd.	22	427
	Japan Steel Works Ltd/The.	44	709
	JGC Corp.	30	594
	JM AB.	13	288
	Joy Global Inc.	58	3,367
	JS Group Corp.	32	516
	Kaba Holding AG.	1	336
	Kajima Corp.	124	436
	Kawasaki Heavy Industries Ltd.	184	659
	Kawasaki Kisen Kaisha Ltd.	69	946
	Kaydon Corp.	37	1,990
	Keihan Electric Railway Co Ltd.	108	431
	Keihin Electric Express Railwa.	64	391
	Keio Corp.	68	413
	Keisei Electric Railway Co Ltd.	76	416
	Kemet Corp.	204	1,442
	Kennametal Inc.	50	4,561
	Keyence Corp.	4	918
	Kinden Corp.	44	389
	Kingspan Group Plc.	16	381
	Kintetsu Corp.	201	610
	Kirby Corp. (b)	28	1,279
	Kitz Corp.	38	310
	Komatsu Ltd.	110	3,633
	Komori Corp.	17	445
	Kone OYJ.	6	496
	Konecranes Oyj.	9	403
	Konica Minolta Holdings Inc.	63	1,092
	Koninklijke BAM Groep NV.	13	343
	Kubota Corp.	134	1,122
	Kuehne & Nagel International A.	4	429
	Kurita Water Industries Ltd.	13	430
	Kyocera Corp.	22	1,842
	Kyowa Exeo Corp.	34	303
	L-3 Communications Holdings In.	66	7,236
	Lafarge SA.	8	1,301
	Landstar System Inc.	72	3,030
	Leggett & Platt Inc.	112	2,176
	Legrand SA.	11	406
	Leighton Holdings Ltd.	15	869
	Lincoln Electric Holdings Inc.	53	3,829
	Littelfuse Inc.	29	923
	Mabuchi Motor Co Ltd.	6	404

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Macquarie Airports.	192	783
	Makino Milling Machine Co Ltd.	29	300
	Makita Corp.	17	812
	MAN AG.	5	893
	Manitowoc Co Inc/The.	66	3,251
	Martin Marietta Materials Inc.	23	2,975
	Maruichi Steel Tube Ltd.	15	424
	Masco Corp.	33	795
	Matsushita Electric Works Ltd.	42	463
	Matthews International Corp.	41	1,868
	McDermott International Inc. (b)	118	7,205
	Meggitt PLC.	62	440
	Methode Electronics Inc.	71	890
	Metso Oyj.	7	425
	Mettler Toledo International I.	20	2,127
	Mine Safety Appliances Co.	28	1,282
	Minebea Co Ltd.	71	489
	MISUMI Group Inc.	23	387
	Mitsubishi Electric Corp.	253	3,061
	Mitsubishi Heavy Industries Lt.	396	2,279
	Mitsui Engineering & Shipbuild.	91	528
	Mitsui OSK Lines Ltd.	141	2,302
	Mitsumi Electric Co Ltd.	10	455
	Miura Co Ltd.	12	373
	Molex Inc.	50	1,365
	Monadelphous Group Ltd.	28	439
	Moog Inc. (b)	50	2,308
	Mori Seiki Co Ltd.	12	300
	MTR Corp.	154	531
	MTU Aero Engines Holding AG.	6	367
	Mueller Industries Inc.	69	2,481
	Mueller Water Products Inc.	111	1,174
	Multiplex Group.	99	464
	Murata Manufacturing Co Ltd.	26	1,566
	Nabtesco Corp.	26	439
	Nachi-Fujikoshi Corp.	77	378
	Nagoya Railroad Co Ltd.	132	388
	Nankai Electric Railway Co Ltd.	130	357
	National Express Group PLC.	16	439
	National Instruments Corp.	76	2,465
	NCI Building Systems Inc.	26	1,019
	NEC Corp.	239	1,181
	Neptune Orient Lines Ltd.	104	367
	Newport Corp. (b)	59	807
	Nexans SA.	2	340
	NGK Insulators Ltd.	35	1,229
	Nichias Corp.	38	287
	Nichicon Corp.	25	297
	Nidec Corp.	14	1,050
	Nikon Corp.	41	1,297
	Nippon Chemi-Con Corp.	36	282
	Nippon Electric Glass Co Ltd.	43	726
	Nippon Express Co Ltd.	112	559
	Nippon Sheet Glass Co Ltd.	79	478
	Nippon Yusen KK.	144	1,473
	Nishi-Nippon Railroad Co Ltd.	107	389
	Nordson Corp.	40	2,140
	Norfolk Southern Corp.	43	2,221
	Norsk Hydro ASA.	40	587
	Northrop Grumman Corp.	30	2,509
	NSK Ltd.	57	499
	NTN Corp.	52	493
	Obayashi Corp.	85	426
	Odakyu Electric Railway Co Ltd.	73	509
	OKUMA Corp.	24	332
	Okumura Corp.	73	385
	Old Dominion Freight Line Inc.	41	926
	Olympus Corp.	29	1,194
	Omron Corp.	28	681
	Orbotech Ltd. (b)	64	1,325

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Orient Overseas International.	32	328
	OSG Corp.	27	339
	Owens-Illinois Inc.	101	4,486
	Pacer International Inc.	68	1,002
	Pacific Basin Shipping Ltd.	262	579
	Packaging Corp of America.	60	1,910
	Pall Corp.	77	3,085
	Panalpina Welttransport Holdin.	2	377
	Park Electrochemical Corp.	22	689
	Parker Hannifin Corp.	85	6,791
	Pentair Inc.	63	2,230
	Power-One Inc.	143	811
	Precision Castparts Corp.	21	3,146
	Regal-Beloit Corp.	41	2,011
	Republic Services Inc.	109	3,727
	Rexam PLC.	38	429
	Rheinmetall AG.	4	354
	Rinnai Corp.	13	402
	Rockwell Automation Inc/DE.	19	1,309
	Rockwell Collins Inc.	88	6,583
	Rolls-Royce Group PLC.	99	1,108
	Roper Industries Inc.	46	3,257
	Royal Philips.	63	2,605
	Ryder System Inc.	43	2,058
	Ryobi Ltd.	56	374
	Sacyr Vallehermoso SA.	8	376
	Safran SA.	15	380
	Sagami Railway Co Ltd.	118	414
	Saia Inc.	37	521
	Sankyu Inc.	77	434
	Sanmina-SCI Corp.	445	983
	Sanwa Holdings Corp.	65	341
	Sanyo Electric Co Ltd.	250	412
	Schindler Holding AG.	6	420
	Schneider Electric SA.	13	1,790
	Seino Holdings Corp.	40	341
	SembCorp Industries Ltd.	103	420
	SembCorp Marine Ltd.	144	442
	Sharp Corp.	129	2,018
	Shima Seiki Manufacturing Ltd.	9	460
	Shimizu Corp.	86	446
	Siemens AG.	46	6,288
	SIG Plc.	15	331
	Sims Group Ltd.	17	446
	Singapore Post Ltd.	472	398
	Skanska AB.	22	435
	SMC Corp/Japan.	7	933
	Snap-On Inc.	75	3,743
	SNC-Lavalin Group Inc.	11	570
	Sonoco Products Co.	62	1,917
	Spirit Aerosystems Holdings In.	143	4,965
	ST Engineering.	159	418
	Stanley Electric Co Ltd.	22	485
	Stanley Works/The.	52	2,993
	Star Micronics Co Ltd.	13	406
	Stericycle Inc.	47	2,742
	STX Pan Ocean Co Ltd.	250	636
	Sumitomo Electric Industries L.	89	1,429
	Sumitomo Heavy Industries Ltd.	71	927
	Sumitomo Osaka Cement Co Ltd.	152	377
	Tadano Ltd.	27	337
	Taiheiyo Cement Corp.	112	349
	Taisei Corp.	126	377
	Taiyo Yuden Co Ltd.	18	295
	Techtronic Industries Co.	325	348
	Teekay Corp.	27	1,511
	Tektronix Inc.	49	1,855
	Teledyne Technologies Inc.	42	2,197
	Teleflex Inc.	51	3,734
	Tenaris SA.	26	694

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Terex Corp. (b)	54	4,008
	Tetra Tech Inc.	106	2,475
	Texas Industries Inc.	36	2,630
	Textron Inc.	37	2,561
	Thales SA.	7	436
	THK Co Ltd.	16	350
	Thomas & Betts Corp. (b)	31	1,736
	Timken Co.	48	1,596
	Titan Cement Co SA.	7	341
	TNT NV.	21	859
	Tobu Railway Co Ltd.	101	474
	Toda Corp.	71	370
	Toho Zinc Co Ltd.	40	358
	Tokyo Seimitsu Co Ltd.	11	257
	Tokyu Corp.	125	807
	Toll Holdings Ltd.	70	868
	Tomkins Plc.	80	369
	Toshiba Corp.	380	3,178
	Toyo Seikan Kaisha Ltd.	23	414
	Toyota Industries Corp.	26	1,104
	Transfield Services Ltd.	40	584
	Transpacific Industries Group.	34	353
	Transport International Holdin.	72	365
	Travis Perkins PLC.	10	303
	Tredegar Corp.	54	941
	Trimble Navigation Ltd.	167	6,964
	Trinity Industries Inc.	43	1,554
	Tsubakimoto Chain Co.	53	363
	Tyco International Ltd.	50	2,059
	Ulvac Inc.	9	349
	Union Pacific Corp.	27	3,457
	United Group Ltd.	24	476
	United Technologies Corp.	84	6,434
	URS Corp. (b)	68	4,203
	Ushio Inc.	20	409
	UTi Worldwide Inc.	41	1,046
	Vallourec.	3	869
	Varian Inc.	40	2,956
	Venture Corp Ltd.	38	365
	Vestas Wind Systems A/S. (b)	10	892
	Vishay Intertechnology Inc.	106	1,335
	Wabtec Corp.	63	2,364
	Wartsila Oyj.	5	408
	Washington Group International. (b)	37	3,602
	Waste Connections Inc.	90	3,043
	Waste Management Inc.	47	1,710
	Waters Corp.	54	4,157
	Weir Group Plc (The).	26	480
	Werner Enterprises Inc.	106	2,016
	Wesfarmers Ltd.	46	1,883
	Wienerberger AG.	6	374
	WorleyParsons Ltd.	23	1,028
	Worthington Industries Inc.	148	3,700
	Yamatake Corp.	13	405
	Yamato Holdings Co Ltd.	53	777
	Yaskawa Electric Corp.	32	426
	YIT OYJ.	12	369
	Yokogawa Electric Corp.	28	350
	YRC Worldwide Inc. (b)	124	3,048
	Zardoya Otis SA.	12	405
	Zebra Technologies Corp.	36	1,407
	Zodiac SA.	5	346
			679,859

	TECHNOLOGY (3.5%)
	ACI Worldwide Inc.	136	3,110
	Actel Corp.	78	888
	Activision Inc.	143	3,382
	Adobe Systems Inc. (b)	79	3,784
	Advanced Micro Devices Inc. (b)	279	3,649

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Advent Software Inc.	22	1,217
	Affiliated Computer Services I.	49	2,482
	Agilysys Inc.	66	1,142
	Altera Corp.	188	3,689
	Amkor Technology Inc.	226	2,561
	Analog Devices Inc.	44	1,472
	Ansys Inc.	109	4,230
	Apple Inc. (b)	124	23,554
	Applied Materials Inc.	212	4,117
	ARM Holdings Plc.	129	398
	ASM Pacific Technology.	42	327
	ASML Holding NV.	22	766
	Asyst Technologies Inc.	147	706
	ATMI Inc.	43	1,382
	Atos Origin SA. (b)	7	426
	Autodesk Inc. (b)	123	6,015
	Automatic Data Processing Inc.	74	3,667
	Autonomy Corp PLC.	23	470
	Avid Technology Inc.	53	1,558
	Axcelis Technologies Inc.	193	905
	BEA Systems Inc.	247	4,174
	BMC Software Inc.	109	3,689
	Borland Software Corp.	134	587
	Broadcom Corp.	64	2,083
	Brocade Communications Systems.	1,137	10,813
	Brooks Automation Inc.	180	2,336
	Business Objects SA. (b)	8	481
	CA Inc.	75	1,984
	Cabot Microelectronics Corp.	31	1,230
	CACI International Inc.	39	2,100
	Canon Inc.	147	7,326
	Cap Gemini SA.	8	510
	Cerner Corp.	33	1,965
	CGI Group Inc.	38	433
	Ciber Inc.	102	795
	Citrix Systems Inc.	96	4,127
	Cognizant Technology Solutions.	152	6,302
	Cognos Inc.	10	505
	Computer Sciences Corp. (b)	115	6,715
	Computershare Ltd.	59	470
	Compuware Corp.	206	2,060
	Conexant Systems Inc.	1,146	1,467
	CSG Systems International Inc.	81	1,663
	CSK Holdings Corp.	12	467
	Dassault Systemes SA.	6	375
	Dell Inc.	290	8,874
	DSP Group Inc.	72	1,137
	DST Systems Inc.	27	2,287
	Dun & Bradstreet Corp.	31	3,002
	Electronic Arts Inc.	41	2,506
	Electronics for Imaging.	122	2,782
	EMC Corp/Massachusetts. (b)	317	8,049
	Emulex Corp.	186	4,029
	Entegris Inc.	226	2,063
	Factset Research Systems Inc.	22	1,551
	Fidelity National Information.	102	4,704
	Fiserv Inc.	89	4,931
	Formfactor Inc.	58	2,268
	Fujitsu Ltd.	244	1,903
	Global Payments Inc.	42	1,998
	Hewlett-Packard Co.	378	19,535
	Hutchinson Technology Inc.	50	1,187
	IBM.	133	15,444
	IKON Office Solutions Inc.	199	2,627
	Imation Corp.	64	1,426
	Indra Sistemas SA.	15	435
	Infineon Technologies AG. (b)	41	602
	Informatica Corp.	113	1,930
	Intel Corp.	839	22,569
	International Rectifier Corp.	35	1,168

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Intersil Corp.	85	2,579
	Intuit Inc.	167	5,372
	Itochu Techno-Solutions Corp.	11	390
	Jack Henry & Associates Inc.	181	5,289
	Kla-Tencor Corp.	26	1,369
	Konami Corp.	17	500
	Kulicke & Soffa Industries Inc. (b)	102	772
	Lam Research Corp.	63	3,163
	Lattice Semiconductor Corp.	302	1,262
	Lenovo Group Ltd.	578	651
	Linear Technology Corp.	34	1,123
	LogicaCMG PLC.	123	416
	Logitech International SA. (b)	14	487
	Marvell Technology Group Ltd.	61	1,100
	Mastercard Inc.	35	6,634
	Maxim Integrated Products Inc.	62	1,680
	MEMC Electronic Materials Inc.	36	2,636
	Micrel Inc.	144	1,303
	Micros Systems Inc.	53	3,806
	Microsemi Corp. (b)	88	2,342
	Microsoft Corp.	1,204	44,319
	Misys PLC.	79	397
	National Semiconductor Corp.	136	3,419
	NAVTEQ Corp.	51	3,937
	NCR Corp.	94	2,593
	NEC Electronics Corp.	13	354
	Neopost SA.	3	348
	Network Appliance Inc.	50	1,575
	Nomura Research Institute Ltd.	19	667
	Novell Inc.	212	1,603
	Novellus Systems Inc.	62	1,761
	Nvidia Corp.	119	4,210
	Obic Co Ltd.	2	400
	ON Semiconductor Corp.	157	1,601
	Oracle Corp Japan.	9	412
	Oracle Corp.	567	12,570
	Otsuka Corp.	4	382
	Palm Inc.	185	1,669
	Parametric Technology Corp.	244	4,660
	Paychex Inc.	45	1,880
	Perot Systems Corp.	188	2,745
	Photronics Inc.	76	831
	Pitney Bowes Inc.	24	961
	PMC - Sierra Inc.	455	4,100
	QLogic Corp.	125	1,941
	Quantum Corp.	393	1,572
	Rambus Inc.	60	1,187
	Red Hat Inc.	103	2,224
	Research In Motion Ltd.	27	3,365
	Ricoh Co Ltd.	87	1,700
	Rohm Co Ltd.	13	1,132
	Sage Group PLC.	82	413
	Salesforce.com Inc.	49	2,762
	SanDisk Corp.	31	1,376
	SAP AG.	49	2,663
	SEI Investments Co.	75	2,372
	Seiko Epson Corp.	19	444
	Semiconductor Manufacturing In.	2,980	338
	Semtech Corp.	134	2,293
	Shinko Electric Industries Co.	16	364
	Silicon Laboratories Inc.	71	3,103
	Silicon Storage Technology Inc.	161	535
	Skyworks Solutions Inc. (b)	295	2,720
	Square Enix Co Ltd.	13	426
	SRA International Inc.	56	1,538
	STMicroelectronics NV.	36	615
	Sun Microsystems Inc.	370	2,113
	Sybase Inc.	195	5,577
	Synopsys Inc.	90	2,543
	Take-Two Interactive Software.	93	1,747

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	TDK Corp.	16	1,302
	Teradata Corp.	183	5,221
	Teradyne Inc.	121	1,493
	Tessera Technologies Inc.	61	2,330
	Texas Instruments Inc.	208	6,781
	THQ Inc.	85	2,303
	Tokyo Electron Ltd.	19	1,105
	TomTom NV.	6	478
	Trident Microsystems Inc.	71	535
	TriQuint Semiconductor Inc.	270	1,693
	Unisys Corp. (b)	221	1,344
	Varian Semiconductor Equipment.	102	4,694
	VeriFone Holdings Inc.	35	1,730
	Western Digital Corp.	142	3,681
	Wincor Nixdorf AG.	4	397
	Wind River Systems Inc.	181	2,264
	Xerox Corp.	127	2,215
	Xilinx Inc.	192	4,685
			491,141

	UTILITIES (1.9%)
	AEM SpA.	116	488
	AES Corp/The. (b)	89	1,905
	AGL Energy Ltd.	51	572
	AGL Resources Inc.	156	6,167
	Algonquin Power Income Fund.	16	148
	Allegheny Energy Inc.	87	5,277
	Allete Inc.	56	2,447
	Ameren Corp.	137	7,406
	American Electric Power Co Inc.	40	1,928
	Aqua America Inc.	87	2,024
	Aquila Inc. (b)	798	3,336
	Atco Ltd.	7	470
	Atmos Energy Corp.	189	5,301
	Avista Corp.	97	2,139
	Babcock & Brown Infrastructure.	269	410
	Black Hills Corp.	69	3,065
	British Energy Group PLC.	56	621
	Canadian Utilities Ltd.	9	518
	Centerpoint Energy Inc.	178	2,983
	Centrica PLC.	202	1,549
	China Resources Power Holdings.	150	554
	Chubu Electric Power Co Inc.	87	2,221
	Chugoku Electric Power Co Inc/.	35	687
	Cleco Corp.	127	3,346
	CLP Holdings Ltd.	192	1,291
	CMS Energy Corp.	141	2,393
	Consolidated Edison Inc.	25	1,177
	Contact Energy Ltd.	54	377
	Dominion Resources Inc/VA.	27	2,474
	DPL Inc.	72	2,091
	DTE Energy Co.	112	5,555
	Duke Energy Corp.	129	2,473
	Dynegy Inc. (b)	253	2,330
	E.ON AG.	38	7,433
	Edison International.	31	1,801
	El Paso Electric Co.	92	2,240
	Electric Power Development Co.	20	792
	Electricite de France.	13	1,559
	Enagas.	16	454
	Endesa SA.	26	1,354
	Enel SpA.	231	2,765
	Energias de Portugal SA.	125	804
	Energy East Corp.	100	2,788
	Entergy Corp.	20	2,397
	Exelon Corp.	63	5,215
	FirstEnergy Corp.	31	2,161
	Fortis Inc.	16	478
	Fortum Oyj.	24	1,040
	FPL Group Inc.	38	2,600

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Gas Natural SDG SA.	7	430
	Gaz de France SA.	11	625
	Great Plains Energy Inc.	57	1,701
	Hawaiian Electric Industries I.	174	4,037
	Hokkaido Electric Power Co Inc.	24	516
	Hokuriku Electric Power Co.	24	501
	Hong Kong & China Gas Co.	428	1,146
	HongKong Electric Holdings.	154	789
	Iberdrola SA.	208	3,347
	Idacorp Inc.	94	3,280
	Integrys Energy Group Inc.	47	2,529
	International Power PLC.	82	834
	Kansai Electric Power Co Inc/T.	100	2,245
	Kyushu Electric Power Co Inc.	53	1,289
	MDU Resources Group Inc.	105	2,957
	National Grid PLC.	148	2,467
	Nicor Inc.	29	1,255
	NiSource Inc.	172	3,517
	Northeast Utilities.	96	2,960
	Northumbrian Water Group PLC.	63	430
	Northwest Natural Gas Co.	50	2,409
	NorthWestern Corp.	70	1,931
	NRG Energy Inc.	120	5,479
	NSTAR.	67	2,356
	OGE Energy Corp.	58	2,221
	Osaka Gas Co Ltd.	250	969
	Pennon Group PLC.	31	404
	Pepco Holdings Inc.	122	3,476
	PG&E Corp.	35	1,713
	Piedmont Natural Gas Co.	151	3,855
	Pinnacle West Capital Corp.	63	2,545
	PNM Resources Inc.	148	3,701
	PPL Corp.	39	2,016
	Progress Energy Inc.	22	1,056
	Public Power Corp SA.	13	527
	Public Service Enterprise Grou.	25	2,390
	Puget Energy Inc.	77	2,175
	Red Electrica de Espana.	9	505
	Reliant Energy Inc.	238	6,550
	RWE AG.	30	4,027
	SCANA Corp.	66	2,679
	Scottish & Southern Energy PLC.	47	1,521
	Sempra Energy.	24	1,476
	Severn Trent PLC.	15	452
	Shikoku Electric Power Co Inc.	28	701
	Sierra Pacific Resources.	140	2,362
	Snam Rete Gas SpA.	70	453
	Southern Co.	70	2,566
	Southwest Gas Corp.	78	2,321
	Suez SA.	64	4,162
	TECO Energy Inc.	130	2,188
	Terna Rete Elettrica Nazionale.	113	442
	Toho Gas Co Ltd.	84	433
	Tohoku Electric Power Co Inc.	59	1,243
	Tokyo Electric Power Co Inc/Th.	159	4,024
	Tokyo Gas Co Ltd.	282	1,249
	TransAlta Corp.	14	505
	TrustPower Ltd.	60	429
	UGI Corp.	224	5,963
	Union Fenosa SA.	7	465
	Unisource Energy Corp.	76	2,411
	United Utilities PLC.	48	728
	Vectren Corp.	163	4,571
	Veolia Environnement.	22	1,964
	Verbund.	8	528
	Westar Energy Inc.	198	5,271
	WGL Holdings Inc.	105	3,562
	Wisconsin Energy Corp.	82	3,926
	Xcel Energy Inc.	278	6,269
			263,631

Total Common Stock (Cost $ 4,904,646)			5,367,174

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
CORPORATE BONDS (13.3%)
BASIC MATERIALS (1.3%)
E.I. Du Pont De Nemours, 4.88%, 4/30/2014	53,000	51,523
Eastman Chemical, 7.60%, 2/1/2027	120,000	132,255
Weyerhaeuser Co., 6.95%, 8/1/2017	2,000	2,073
		185,851

COMMUNICATIONS (1.9%)
Comcast Corp., 6.50%, 11/15/2035	72,000	73,044
Sprint Capital Corp., 8.38%, 3/15/2012	61,000	66,621
Verizon Communications, 7.25%, 12/1/2010	116,000	123,753
		263,418

CONSUMER GOODS (1.1%)
Anheuser-Busch Cos Inc., 5.05%, 10/15/2016	2,000	1,941
Bottling Group Llc., 4.63%, 11/15/2012	29,000	28,545
Coca-Cola Enterprises., 8.50%, 2/1/2022	2,000	2,521
Conagra Foods Inc., 6.75%, 9/15/2011	2,000	2,100
Kimberly-Clark Corp., 5.00%, 8/15/2013	48,000	47,514
Macys Retail Hldgs Inc., 5.75%, 7/15/2014	2,000	1,935
Procter & Gamble Co., 4.95%, 8/15/2014	38,000	37,688
Target Corp., 5.88%, 3/1/2012	30,000	30,901
		153,144

CONSUMER, CYCLICAL (0.4%)
Wal-Mart Stores., 4.55%, 5/1/2013	61,000	59,567
		59,567

ENERGY (0.02%)
Kinder Morgan Energy Partners, 7.75%, 3/15/2032	2,000	2,232
		2,232

FINANCIAL (6.6%)
Allstate Corp., 7.20%, 12/1/2009	30,000	31,337
American General Finance., 5.38%, 10/1/2012	107,000	105,905
Citigroup Inc., 6.63%, 1/15/2028	9,000	9,432
Conocophillips Canada., 5.63%, 10/15/2016	23,000	23,411
Countrywide Finl Corp., 6.25%, 5/15/2016	50,000	39,795
Credit Suisse USA Inc., 6.13%, 11/15/2011	207,000	214,042
Wachovia Bank NA., 7.80%, 8/18/2010	61,000	93,902
Goldman Sachs Group Inc., 5.95%, 1/15/2027	101,000	29,599
JPMC Capital XVIII., 6.95%, 8/17/2036	30,000	39,203
Lehman Brothers Holdings., 6.63%, 1/18/2012	38,000	59,487
Merrill Lynch & Co., 6.05%, 5/16/2016	60,000	79,417
Morgan Stanley., 6.75%, 4/15/2011	76,000	60,025
National Rural Utilities., 7.25%, 3/1/2012	56,000	44,426
Prudential Financial Inc., 5.10%, 9/20/2014	46,000	39,600
US Bank NA., 6.38%, 8/1/2011	38,000	65,378
		934,960

HEALTH CARE (0.3%)
Wyeth., 5.50%, 2/1/2014	38,000	38,105
		38,105

INDUSTRIAL (0.6%)
Boeing Co., 6.13%, 2/15/2033	30,000	30,998
Burlington North Santa Fe, 7.00%, 12/15/2025	2,000	2,161
Norfolk Southern Corp., 6.20%, 4/15/2009	12,000	12,175
Union Pacific Corp., 4.88%, 1/15/2015	41,000	39,168
		84,502

TECHNOLOGY (0.3%)
IBM Corp., 8.38%, 11/1/2019	30,000	36,961
		36,961

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	UTILITIES (0.8%)
	Dominion Resources Inc., 4.13%, 2/15/2008	38,000	37,870
	Duke Energy Carolinas., 6.25%, 1/15/2012	30,000	31,168
	Exelon Corporation., 4.90%, 6/15/2015	2,000	1,876
	Florida Power & Light., 5.95%, 10/1/2033	40,000	39,955
	Southern Power Co., 4.88%, 7/15/2015	2,000	1,902
			112,772

Total Corporate Bonds (Cost $ 1,873,893)			1,871,512

U.S. Government Agency Pass-Through Securities (14.7%)
	FREDDIE MAC (3.3%)
	4.00%, 6/1/2018, Pool #E01401	42,056	39,893
	4.50%, 1/1/2019, Pool #B11878	65,233	63,259
	5.50%, 11/1/2035, Pool #A47728	51,428	50,686
	6.00%, 7/1/2034, Pool #A24370	43,659	44,037
	5.50%, 8/1/2033, Pool #A11851	55,906	55,197
	5.50%, 10/1/2034, Pool #A27526	50,058	49,413
	5.50%, 10/1/2035, Pool #A39170	139,274	137,265
	6.50%, 12/1/2033, Pool #A16523	20,352	20,942
			460,693

	FANNIE MAE (9.9%)
	4.50%, 1/1/2019, Pool #735057	25,215	24,460
	4.50%, 9/1/2020, Pool #839289	26,247	25,398
	5.00%, 1/1/2019, Pool #255077	50,089	49,482
	5.00%, 5/1/2018, Pool #703444	12,585	12,390
	5.00%, 6/1/2020, Pool #839333	22,256	21,912
	5.00%, 7/1/2034, Pool #255268	387,259	372,607
	5.00%, 12/1/2019, Pool #745369	15,757	15,566
	5.50%, 3/1/2020, Pool #735405	38,117	38,183
	5.50%, 8/1/2017, Pool #826283	14,457	14,546
	5.50%, 12/1/2020, Pool #850811	101,308	101,484
	6.00%, 4/1/2035, Pool #735503	22,496	22,745
	6.00%, 6/1/2017, Pool #555004	10,606	10,805
	6.00%, 9/1/2033, Pool #736937	23,622	23,797
	6.00%, 10/1/2032, Pool #667994	58,052	58,745
	5.50%, 6/1/2033, Pool #702459	60,619	59,736
	5.50%, 4/1/2034, Pool #725424	27,699	27,296
	5.50%, 9/1/2033, Pool #254869	45,690	45,153
	6.50%, 9/1/2034, Pool #783390	47,316	48,431
	6.50%, 4/1/2036, Pool #851187	44,711	45,765
	5.00%, 5/1/2034, Pool #768230	42,483	40,776
	5.50%, 1/1/2035, Pool #808374	187,724	184,990
	7.00%, 4/1/2034, Pool #780703	33,078	34,458
	5.00%, 12/1/2026, Pool #256570	61,865	60,013
	4.41%, 10/1/2035, Pool #836206	57,091	56,529
			1,395,266

	GNMA (1.6%)
	6.00%, 9/20/2034, Pool #2 3611	22,947	23,206
	5.50%, 4/15/2033, Pool #603566	19,734	19,639
	5.50%, 4/15/2034, Pool #626116	13,187	13,117
	6.00%, 2/15/2032, Pool #569704	163,542	165,986
			221,948

Total U.S. Government Agency Pass-Through Securities (Cost $ 2,061,149)			2,077,907

U.S. Government Agency Securities (2.4%)
	FANNIE MAE (1.1%)
	4.50%, 10/15/2008	75,000	75,232
	6.63%, 9/15/2009	75,000	78,048
			153,280

	FREDDIE MAC (1.1%)
	4.63%, 12/19/2008	55,000	55,099
	4.75%, 1/18/2011	55,000	55,523
	6.25%, 7/15/2032	40,000	45,679
	Grand Total		156,301

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2015 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
FEDERAL HOME LOAN BANK (0.2%)
4.63%, 11/21/2008	30,000	30,047
Grand Total		30,047

Total U.S. Government Agency Securities (Cost $ 335,729)		339,628

U.S. Treasury Obligations (9.4%)
U.S. TREASURY BONDS (2.5%)
5.25%, 11/15/2028	334,000	354,301
		354,301

U.S. TREASURY NOTES (6.9%)
5.63%, 5/15/2008	326,000	328,521
4.00%, 4/15/2010	236,000	236,369
4.00%, 6/15/2009	230,000	230,162
4.00%, 2/15/2015	93,000	91,067
4.25%, 8/15/2015	16,000	15,880
4.88%, 2/15/2012	65,000	67,041
		969,040

Total U.S. Treasury Obligations (Cost $ 1,306,686)		1,323,341

Foreign Government Agency Securities (13.7%)
BELGIUM (0.6%)
Belgian Government Bond, 5.50%, 9/28/2017	56,000	88,330
		88,330

SPAIN (0.7%)
Bonos Y Obligación Del Estado 5.50%, 7/30/2017	62,000	97,787
		97,787

GERMANY (1.9%)
Bundesobligation, 4.00%, 4/13/2012	183,000	263,449
		263,449

ITALY (1.7%)
Buoni Poliennali Del Tesoro, 5.25%, 8/01/2017	158,000	242,734
		242,734

FRANCE (1.5%)
France O.A.T 3.75%, 4/25/2017	151,000	208,977
		208,977

JAPAN (5.6%)
Japan Government Bond, 1.50%, 6/20/2012	89,100,000	787,364
		787,364

NETHERLANDS (0.6%)
Netherlands Government Bond, 4.00%, 7/15/2016	62,000	87,875
		87,875

UNITED KINGDOM (1.1%)
United Kingdom Treasury Bond, 4.00%, 9/07/2016	80,000	155,413
		155,413

Total Foreign Government Agency Securities (Cost $ 1,829,970)		1,931,928

Investment Companies (7.7%)
American Beacon Money Market Fund	264,575	264,575
BLDRS Emerging Markets 50 ADR Equity Fund	2,455	147,226
Dreyfus Cash Management Plus	103,949	103,949
IShares MSCI Emerging Markets Equity Fund	2,578	430,552
Vanguard Emerging Markets Equity Fund	1,190	139,016
		1,085,318

Total Investment Companies (Cost $ 924,878)		1,085,318


Total Investments (Cost $ 13,236,951) – (a) 99.2%		13,996,808

Other assets in excess of liabilities – 0.8%		108,897

NET ASSETS – 100.00%		14,105,705

(a) See notes to financial statements for tax unrealized appreciation/(depreciation) of securities

(b) Non-income producing security.

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
COMMON STOCKS (49.5%)
BASIC MATERIALS (2.9%)
	Acerinox SA.	47	1,386
	Agnico-Eagle Mines Ltd.	29	1,657
	Agrium, Inc.	30	1,905
	Air Products & Chemicals Inc.	66	6,458
	Air Water, Inc.	104	1,168
	Airgas, Inc.	317	15,999
	AK Steel Holding Corp. (b)	489	24,514
	Akzo Nobel NV.	48	3,860
	Albemarle Corp.	130	6,209
	Alcan, Inc.	61	6,134
	Alcoa, Inc.	285	11,283
	Allegheny Technologies Inc.	163	16,654
	Alumina Ltd.	442	2,746
	Antofagasta PLC.	84	1,463
	Arkema.	19	1,292
	Asahi Kasei Corp.	531	4,032
	Ashland Inc.	113	6,635
	Barrick Gold Corp.	152	6,757
	BASF AG.	88	12,206
	Bayer AG.	135	11,254
	BHP Billiton Ltd.	1,274	54,703
	BHP Billiton PLC.	419	15,955
	BlueScope Steel Ltd.	276	2,725
	Boehler-Uddeholm AG.	12	1,276
	Cabot Corp.	116	4,061
	Cameco Corp.	59	2,907
	Carpenter Technology Corp.	117	16,954
	Celanese Corp.	321	13,469
	Chemtura Corp.	497	4,632
	Ciba Specialty Chemicals AG.	20	994
	Clariant AG.	80	1,022
	Cleveland-Cliffs, Inc.	172	16,452
	Cytec Industries, Inc.	174	11,608
	Daicel Chemical Industries Ltd.	186	1,359
	Daido Steel Co Ltd.	171	1,155
	Dainippon Ink and Chemicals, Inc.	318	1,513
	Denki Kagaku Kogyo K K.	249	1,455
	Domtar Corp. (b)	1,196	10,262
	The Dow Chemical Co.	314	14,143
	DOWA HOLDINGS CO LTD.	115	1,329
	Eastman Chemical Co.	190	12,652
	Ecolab, Inc.	302	14,245
	EI Du Pont de Nemours & Co.	300	14,853
	Ferro Corp.	337	6,983
	First Quantum Minerals Ltd.	13	1,399
	FMC Corp.	302	17,365

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	FNX Mining Co, Inc.	41	1,656
	Fortescue Metals Group Ltd.	44	2,049
	Georgia Gulf Corp.	208	2,517
	Givaudan SA.	1	982
	Goldcorp, Inc.	124	4,361
	HB Fuller Co.	417	12,272
	Hercules, Inc.	800	15,048
	Hitachi Chemical Co Ltd.	59	1,437
	Hitachi Metals Ltd.	103	1,327
	Hokuetsu Paper Mills Ltd.	237	1,122
	HudBay Minerals, Inc.	51	1,470
	Huntsman Corp.	183	4,822
	Iluka Resources Ltd.	244	993
	Imperial Chemical Industries PLC	199	2,727
	Inmet Mining Corp.	14	1,497
	International Flavors & Fragrance	168	8,771
	International Paper Co.	142	5,248
	Ivanhoe Mines Ltd.	86	1,182
	JFE Holdings, Inc.	232	13,452
	Johnson Matthey PLC.	39	1,448
	JSR Corp.	81	2,085
	Jubilee Mines NL.	93	2,037
	K+S AG.	8	1,672
	Kaneka Corp.	152	1,341
	Kansai Paint Co Ltd.	143	1,070
	Kazakhmys PLC.	48	1,471
	Kingboard Chemical Holdings Ltd.	224	1,460
	Kinross Gold Corp.	104	2,056
	Kobe Steel Ltd.	1,180	4,204
	Koninklijke DSM NV.	36	2,041
	Lanxess AG.	23	1,139
	Lee & Man Paper Manufacturing	288	1,141
	Lihir Gold Ltd. (b)	693	2,666
	Linde AG.	22	2,784
	Lonmin Plc.	17	1,215
	Lonza Group AG.	13	1,514
	Louisiana-Pacific Corp.	216	3,555
	Lubrizol Corp.	140	9,503
	Lundin Mining Corp.	97	1,314
	MeadWestvaco Corp.	415	13,961
	Meridian Gold, Inc.	228	9,339
	Minara Resources Ltd.	229	1,386
	Minerals Technologies, Inc.	79	5,547
	Mitsubishi Chemical Holdings Co.	521	4,276
	Mitsubishi Gas Chemical Co, Inc.	176	1,742
	Mitsubishi Materials Corp.	474	2,740
	Mitsui Chemicals, Inc.	298	2,771
	Mitsui Mining & Smelting Co Ltd.	257	1,074
	Monsanto Co.	267	26,066
	Neenah Paper, Inc.	55	1,870
	Newcrest Mining Ltd.	126	3,803
	Newmont Mining Corp. (b)	181	9,206
	Nine Dragons Paper Holdings Ltd.	442	1,183
	Nippon Kayaku Co Ltd.	143	1,148
	Nippon Light Metal Co Ltd.	479	980

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nippon Paint Co Ltd.	246	1,362
	Nippon Shokubai Co Ltd.	141	1,386
	Nippon Steel Corp.	2,524	16,604
	Nippon Yakin Kogyo Co Ltd.	105	990
	Nissan Chemical Industries Ltd.	100	1,368
	Nisshin Steel Co Ltd.	322	1,222
	Nitto Denko Corp.	62	3,004
	Norske Skogindustrier ASA.	88	967
	Nova Chemicals Corp.	33	1,199
	Nufarm Ltd.	111	1,613
	OJI Paper Co Ltd.	384	1,751
	Olin Corp.	450	10,251
	OneSteel Ltd.	432	2,768
	Orica Ltd.	119	3,426
	OSAKA Titanium Technologies Co.	14	1,212
	Outokumpu OYJ.	40	1,492
	Oxiana Ltd.	579	2,265
	Pacific Metals Co Ltd.	71	882
	Paladin Energy Ltd.	203	1,549
	PaperlinX Ltd.	455	1,170
	Plum Creek Timber Co, Inc.	394	17,600
	Potash Corp of Saskatchewan	52	6,472
	PPG Industries, Inc.	49	3,662
	Praxair, Inc.	158	13,506
	Rautaruukki OYJ.	19	1,087
	Rayonier, Inc.	157	7,582
	Reliance Steel & Aluminum Co.	126	7,352
	Rengo Co Ltd.	224	1,608
	Rio Tinto Ltd.	124	12,705
	Rio Tinto PLC.	178	16,621
	Rohm & Haas Co.	388	20,128
	RPM International, Inc.	839	17,980
	RTI International Metals, Inc. (b)	96	7,505
	Salzgitter AG.	7	1,376
	Schulman A, Inc.	145	3,423
	Sensient Technologies Corp.	319	9,535
	SGL Carbon AG. (b)	24	1,409
	Shin-Etsu Chemical Co Ltd.	155	9,861
	Showa Denko KK.	447	1,740
	Sigma-Aldrich Corp.	190	9,817
	Smurfit-Stone Container Corp.	516	6,249
	Solvay SA.	10	1,519
	Southern Copper Corp.	21	2,934
	Ssab Svenskt Stal AB.	34	1,103
	Steel Dynamics, Inc.	203	10,804
	Stillwater Mining Co.	268	2,983
	Stora Enso Oyj.	101	1,852
	Sumitomo Bakelite Co Ltd.	174	1,057
	Sumitomo Chemical Co Ltd.	628	5,547
	Sumitomo Forestry Co Ltd.	135	1,003
	Sumitomo Metal Industries Ltd.	1,670	8,149
	Sumitomo Metal Mining Co Ltd.	219	4,821
	Syngenta AG.	17	4,083
	Taiyo Nippon Sanso Corp.	146	1,295
	Teck Cominco Ltd.	75	3,756

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Temple-Inland, Inc.	170	9,124
	ThyssenKrupp AG.	68	4,518
	Titanium Metals Corp.	133	4,682
	Tokai Carbon Co Ltd.	113	1,403
	Tokuyama Corp.	98	1,356
	Tokyo Steel Manufacturing Co Ltd.	76	1,045
	Tosoh Corp.	228	1,445
	Ube Industries Ltd.	412	1,468
	Umicore.	5	1,246
	United States Steel Corp.	268	28,916
	UPM-Kymmene Oyj.	94	2,103
	Uranium One, Inc.	107	1,188
	USEC, Inc. (b)	353	3,106
	Valspar Corp.	651	16,295
	Vedanta Resources PLC.	34	1,556
	Voestalpine AG.	19	1,708
	Vulcan Materials Co.	143	12,228
	Wacker Chemie AG.	5	1,219
	Wausau Paper Corp.	388	3,884
	Weyerhaeuser Co.	70	5,314
	Xstrata PLC.	110	7,885
	Yamana Gold, Inc.	113	1,703
	Yamato Kogyo Co Ltd.	26	1,199
	Yara International ASA.	46	1,781
	Zeon Corp.	118	1,105
	Zinifex Ltd.	186	2,885
			1,009,791

COMMUNICATIONS (4.9%)
	3Com Corp.	821	4,006
	Adaptec, Inc.	937	3,308
	Akamai Technologies, Inc.	277	10,856
	Alcatel-Lucent.	409	3,969
	Alltel Corp.	113	8,040
	Amazon.Com, Inc.	147	13,105
	American Tower Corp. (b)	180	7,952
	Andrew Corp.	354	5,190
	Anixter International, Inc. (b)	133	9,556
	APN News & Media Ltd.	253	1,263
	Ariba, Inc.	612	7,919
	AT&T, Inc.	1,900	79,400
	BCE, Inc.	144	6,287
	Belgacom SA.	30	1,433
	Belo Corp.	200	3,700
	Black Box Corp.	119	4,758
	British Sky Broadcasting Group.	190	2,689
	BT Group PLC.	1,529	10,366
	Cable & Wireless PLC.	436	1,767
	Cablevision Systems Corp. (b)	378	11,087
	CBS Corp.	205	5,884
	C-COR, Inc.	271	3,322
	CenturyTel, Inc.	247	10,880
	Charter Communications, Inc.	1,589	3,289
	Check Point Software Technology	412	10,407
	Checkfree Corp.	123	5,846

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	China Mobile Ltd.	1,582	32,047
	China Netcom Group Corp Hong Kong	741	2,256
	China Unicom Ltd.	2,266	5,444
	Ciena Corp.	351	16,799
	Cincinnati Bell, Inc. (b)	1,446	7,837
	Cisco Systems, Inc.	2,912	96,269
	Citizens Communications Co.	692	9,107
	Clear Channel Communications, Inc.	146	5,514
	CNET Networks, Inc.	932	7,531
	Comcast Corp. (b)	1,451	30,453
	CommScope, Inc.	251	11,840
	Corning, Inc.	773	18,761
	Cosmote Mobile Telecommunications	41	1,414
	Crown Castle International Corp.	496	20,371
	CTC Media, Inc.	52	1,305
	Daily Mail & General Trust.	85	1,084
	Dentsu, Inc.	1	2,609
	Deutsche Telekom AG.	531	10,890
	Digital River, Inc.	171	9,073
	The DIRECTV Group, Inc. (b)	365	9,665
	Discovery Holding Co.	819	23,350
	Earthlink Inc.	718	5,679
	eBay Inc.	592	21,371
	EchoStar Communications Corp. (b)	349	17,087
	Elisa OYJ.	44	1,304
	Emap PLC.	73	1,331
	Embarq Corp.	346	18,310
	Entercom Communications Corp.	189	3,506
	Equinix Inc.	139	16,216
	Ericsson.	2,622	7,843
	Expedia Inc.	511	16,689
	Extreme Networks.	936	4,100
	F5 Networks Inc.	344	12,394
	Fairfax Media Ltd.	504	2,225
	Foxconn International Holdings.	709	1,958
	France Telecom SA.	312	11,505
	Gannett Co Inc.	65	2,757
	Gestevision Telecinco SA.	45	1,294
	GN Store Nord.	104	1,107
	Google Inc.	110	77,769
	Hakuhodo DY Holdings Inc.	19	1,375
	Harmonic Inc.	505	6,222
	Harris Corp.	226	13,687
	Harte-Hanks Inc.	393	6,929
	Hellenic Telecommunications Or.	53	1,939
	HLTH Corp.	377	5,319
	Hutchison Telecommunications, Inc.	997	1,415
	Idearc Inc.	295	7,959
	IDT Corp.	410	3,292
	Informa PLC.	116	1,291
	Infospace Inc.	127	2,455
	Inmarsat PLC.	149	1,590
	InterDigital Inc.	168	3,610
	Interpublic Group of Companies, Inc. (b)	956	9,895
	Interwoven Inc.	338	4,796

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	ITV PLC.	599	1,235
	j2 Global Communications Inc.	204	6,873
	JDS Uniphase Corp.	359	5,478
	John Wiley & Sons Inc.	194	8,532
	Juniper Networks Inc.	243	8,748
	KDDI Corp.	1	7,515
	Lagardere SCA.	22	1,859
	Lamar Advertising Co.	118	6,308
	Leap Wireless International, Inc.	83	5,919
	Lee Enterprises Inc.	251	4,029
	Liberty Global Inc.	947	35,723
	Liberty Media Corp - Capital	57	7,124
	Liberty Media Corp - Interactive	266	5,647
	Manitoba Telecom Services Inc.	29	1,443
	Matsui Securities Co Ltd.	149	1,169
	McClatchy Co.	394	6,536
	The McGraw-Hill Cos, Inc.	146	7,306
	Media General Inc.	118	3,302
	Mediaset SpA.	127	1,315
	Meredith Corp.	157	9,773
	Modern Times Group AB.	20	1,406
	Motorola Inc.	1,144	21,496
	MRV Communications Inc.	1,099	3,121
	NetFlix Inc.	222	5,876
	NeuStar Inc.	123	4,207
	The New York Times Co.	291	5,692
	News Corp.	1,102	24,111
	NII Holdings Inc.	307	17,806
	Nokia OYJ.	695	27,530
	NTT Corp.	2	9,153
	NTT DoCoMo Inc.	6	8,633
	NutriSystem Inc.	134	4,033
	Oki Electric Industry Co Ltd.	645	1,090
	Openwave Systems Inc.	564	2,233
	PagesJaunes Groupe SA.	62	1,369
	PCCW Ltd.	2,009	1,291
	Pearson PLC.	143	2,372
	Plantronics Inc.	333	9,108
	Polycom Inc.	191	5,344
	Portugal Telecom SGPS SA.	164	2,197
	priceline.com Inc.	143	13,313
	ProSiebenSat.1 Media AG.	34	1,001
	PT Multimedia Servicos de Tele.	29	393
	Publicis Groupe.	29	1,177
	Publishing & Broadcasting Ltd.	166	3,219
	Qualcomm Inc.	829	35,422
	Qwest Communications International (b)	874	6,275
	Radio One Inc.	588	2,052
	Rakuten Inc.	4	1,942
	RCN Corp.	202	2,949
	RealNetworks Inc.	808	5,866
	Reed Elsevier NV.	110	2,127
	Reed Elsevier PLC.	225	2,939
	Reuters Group PLC.	222	3,047
	RF Micro Devices Inc.	1,339	8,329

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	RH Donnelley Corp. (b)	118	6,472
	Rogers Communications Inc.	84	4,280
	Royal KPN NV.	321	6,053
	S1 Corp.	403	3,393
	Sanoma-WSOY Oyj.	39	1,126
	SAVVIS Inc.	118	4,458
	SBA Communications Corp.	402	14,311
	SBI E*trade Securities Co Ltd.	1	1,057
	SBI Holdings Inc.	4	1,252
	Scholastic Corp.	200	7,916
	Seat Pagine Gialle SpA.	2,224	1,292
	Seek Ltd.	173	1,497
	SES.	63	1,555
	Seven Network Ltd.	129	1,641
	Shaw Communications Inc.	68	1,899
	Sinclair Broadcast Group Inc.	416	5,009
	Singapore Press Holdings Ltd.	598	1,893
	SingTel.	2,010	5,668
	Sirius Satellite Radio Inc.	197	662
	Societe Television Francaise 1.	37	1,023
	Softbank Corp.	272	6,295
	SonicWALL Inc.	406	4,198
	Sprint Nextel Corp.	910	15,561
	Swisscom AG.	4	1,479
	Sycamore Networks Inc.	1,480	6,320
	Symantec Corp.	396	7,437
	Tandberg ASA.	54	1,373
	Tekelec.	505	6,666
	Tele2 AB.	71	1,671
	Telecom Corp of New Zealand Ltd.	669	2,239
	Telecom Italia SpA.	3,006	8,845
	Telefonica SA.	763	25,185
	Telekom Austria AG.	59	1,692
	Telenor ASA.	137	3,216
	Telephone & Data Systems Inc.	213	14,445
	Television Broadcasts Ltd.	181	1,165
	TeliaSonera AB.	326	3,208
	Tellabs Inc.	811	7,145
	Telstra Corp Ltd.	1,373	5,985
	TELUS Corp.	59	3,515
	Tencent Holdings Ltd.	280	2,374
	The Thomson Corp.	33	1,558
	TIBCO Software Inc.	1,225	11,246
	Time Warner Inc.	1,791	32,704
	Time Warner Telecom Inc.	302	7,018
	Trend Micro Inc.	41	1,816
	Tribune Co.	191	5,780
	Trinity Mirror Plc.	120	1,003
	United Internet AG.	69	1,509
	United Online Inc.	504	8,870
	US Cellular Corp.	22	2,071
	Valueclick Inc.	413	11,229
	Valuevision Media Inc.	271	1,401
	Verizon Communications Inc.	906	41,738
	Viacom Inc.	292	12,057

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Vignette Corp.	169	2,914
	Virgin Media Inc.	460	10,171
	Vivendi.	205	9,228
	Vodafone Group PLC.	9,337	36,699
	VTech Holdings Ltd.	138	1,168
	The Walt Disney Co.	896	31,028
	The Washington Post Co.	10	8,490
	Websense Inc.	184	3,386
	West Australian Newspapers Holdings	102	1,322
	Westwood One Inc.	602	1,288
	Windstream Corp.	1,079	14,513
	Wolters Kluwer NV.	55	1,723
	WPP Group PLC.	216	2,949
	XM Satellite Radio Holdings, Inc.	520	6,906
	Yahoo! Inc.	630	19,593
	Yahoo! Japan Corp.	6	2,657
	Yell Group PLC.	138	1,306
	Yellow Pages Income Fund	99	1,498
			1,739,380

CONSUMER GOODS (0.6%)
	PepsiCo Inc.	773	56,986
	Procter & Gamble Co.	1,508	104,835
	Toyota Motor Corp.	1,148	65,373
			227,194

CONSUMER, CYCLICAL (5.1%)
	99 Cents Only Stores.	394	4,236
	Abercrombie & Fitch Co.	149	11,801
	Accor SA.	37	3,530
	Accordia Golf Co Ltd.	1	1,118
	Adidas AG.	36	2,392
	Aeon Co Ltd.	303	4,738
	Aeropostale Inc.	321	7,351
	Air France-KLM.	34	1,292
	Aisin Seiki Co Ltd.	79	3,218
	Alaska Air Group Inc. (b)	301	7,645
	Alimentation Couche Tard Inc.	64	1,391
	All Nippon Airways Co Ltd.	330	1,267
	American Axle & Manufacturing.	306	8,403
	AMR Corp. (b)	525	12,600
	AnnTaylor Stores Corp.	17	527
	Aoyama Trading Co Ltd.	43	1,116
	Applebees International Inc.	511	12,949
	Arcandor AG. (b)	40	1,283
	Aristocrat Leisure Ltd.	178	1,724
	ArvinMeritor Inc.	501	7,430
	Asics Corp.	91	1,439
	AutoNation Inc.	304	5,378
	Autozone Inc.	84	10,450
	Barratt Developments PLC.	66	896
	Bayerische Motoren Werke AG.	81	5,156
	Beazer Homes USA Inc.	209	2,347
	Bed Bath & Beyond Inc.	140	4,752
	Bellway PLC.	49	1,095

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Berkeley Group Holdings PLC.	37	1,310
	Best Buy Co Inc.	166	8,054
	Big Lots, Inc. (b)	228	5,467
	Billabong International Ltd.	90	1,260
	BJ's Wholesale Club Inc.	134	4,808
	Blockbuster, Inc. (b)	938	4,934
	Bob Evans Farms Inc.	215	6,059
	Borders Group Inc.	341	5,258
	BorgWarner Inc.	101	10,677
	Bosch Corp.	238	1,236
	Boyd Gaming Corp.	103	4,307
	Bridgestone Corp.	270	5,932
	Brightpoint Inc.	408	6,610
	Brinker International Inc.	283	7,185
	British Airways PLC. (b)	154	1,426
	Brunswick Corp.	184	4,105
	Burberry Group PLC.	96	1,228
	Callaway Golf Co.	399	6,911
	Canadian Tire Corp Ltd.	16	1,472
	Canon Marketing Japan Inc.	69	1,349
	Carmax Inc.	366	7,638
	Carnival Corp.	139	6,669
	Carnival PLC.	30	1,401
	Carphone Warehouse Group PLC.	171	1,246
	Casey's General Stores Inc.	349	9,947
	Cathay Pacific Airways Ltd.	474	1,404
	The Cato Corp.	249	5,000
	Charming Shoppes Inc. (b)	890	6,604
	The Cheesecake Factory	284	6,370
	China Travel International Inv.	1,859	1,475
	Choice Hotels International, Inc.	50	1,937
	Christopher & Banks Corp.	294	4,034
	Circuit City Stores Inc.	346	2,744
	Citizen Holdings Co Ltd.	144	1,546
	Coach Inc.	161	5,886
	Coldwater Creek Inc.	172	1,539
	Coles Group Ltd.	397	5,961
	Compagnie Financiere Richemont	92	6,564
	Compass Group PLC.	353	2,540
	Continental AG.	26	3,928
	Continental Airlines Inc.	217	7,454
	Cooper Tire & Rubber Co.	422	9,402
	Costco Wholesale Corp.	216	14,528
	CROCS Inc.	337	25,191
	CVS Caremark Corp.	724	30,241
	Daihatsu Motor Co Ltd.	122	1,286
	Daimler AG.	171	18,961
	Daiwa House Industry Co Ltd.	227	3,215
	David Jones Ltd.	253	1,164
	Delta Air Lines Inc.	417	8,674
	Denso Corp.	199	8,020
	Denway Motors Ltd.	2,650	1,846
	Deutsche Lufthansa AG.	44	1,301
	Dick's Sporting Goods Inc.	382	12,747
	Dillard's Inc.	454	10,456

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	DR Horton Inc.	550	6,980
	Dress Barn Inc.	370	6,064
	DSG International PLC.	392	1,056
	Esprit Holdings Ltd.	393	6,491
	Ethan Allen Interiors Inc.	175	5,401
	Family Dollar Stores Inc.	294	7,453
	FamilyMart Co Ltd.	48	1,398
	Fast Retailing Co Ltd.	30	1,721
	Fastenal Co.	238	10,586
	Fiat SpA.	124	4,001
	Foot Locker Inc.	318	4,735
	Ford Motor Co. (b)	1,012	8,976
	Fred's Inc.	247	2,618
	Fuji Heavy Industries Ltd.	266	1,374
	Furniture Brands International.	300	3,615
	Futaba Industrial Co Ltd.	50	1,395
	Galaxy Entertainment Group Ltd. (b)	1,221	1,327
	GameStop Corp.	252	14,923
	Gaylord Entertainment Co. (b)	169	9,207
	General Motors Corp.	161	6,310
	Genesco Inc.	121	5,590
	Genuine Parts Co.	385	18,892
	Gildan Activewear Inc.	36	1,648
	GKN PLC.	158	1,205
	GOME Electrical Appliances Hol.	769	1,717
	Grafton Group PLC.	90	1,006
	Green Hospital Supply Inc.	1	1,135
	Group 1 Automotive Inc.	199	6,179
	Guess ? Inc.	92	4,728
	Gunze Ltd.	228	1,095
	Gymboree Corp.	164	5,581
	H2O Retailing Corp.	129	1,072
	Hagemeyer NV.	234	1,589
	Harman International Industries	111	9,346
	Harvey Norman Holdings Ltd.	335	2,116
	Hasbro Inc.	289	8,627
	Haseko Corp.	467	1,113
	Hennes & Mauritz AB.	87	5,794
	Herman Miller Inc.	90	2,450
	Hermes International.	13	1,709
	Hino Motors Ltd.	177	1,269
	Hitachi High-Technologies Corp.	51	1,140
	Home Depot Inc.	505	15,913
	Home Retail Group PLC.	155	1,405
	Honda Motor Co Ltd.	694	25,865
	The Hongkong & Shanghai Hotels	741	1,365
	HOT Topic Inc.	359	2,750
	Iberia Lineas Aereas de Espana	263	1,333
	Ihop Corp.	70	4,433
	Inchcape Plc.	132	1,291
	Inditex SA.	45	3,347
	Ingram Micro Inc.	313	6,648
	Insight Enterprises Inc.	339	9,370
	Interface Inc.	220	4,209
	International Game Technology.	141	6,149

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	International Speedway Corp.	128	5,687
	Isetan Co Ltd.	85	1,143
	Isuzu Motors Ltd.	590	2,905
	ITOCHU Corp.	601	7,506
	Izumi Co Ltd.	78	1,160
	J Crew Group Inc.	179	6,695
	J Front Retailing Co Ltd.	309	2,772
	Jack in the Box Inc.	258	8,093
	Jakks Pacific Inc.	222	5,883
	Japan Airlines Corp.	639	1,434
	Jardine Cycle & Carriage Ltd.	117	1,698
	JetBlue Airways Corp.	464	4,236
	Johnson Controls Inc.	198	8,657
	Jones Apparel Group Inc.	221	4,628
	JTEKT Corp.	86	1,636
	KB Home.	158	4,367
	Kellwood Co.	149	2,469
	Kesa Electricals PLC.	189	1,248
	Kingfisher PLC.	415	1,703
	Kloeckner & Co AG.	17	898
	Kohl's Corp.	121	6,651
	Koito Manufacturing Co Ltd.	106	1,468
	Kokuyo Co Ltd.	113	991
	Krispy Kreme Doughnuts Inc.	466	1,491
	K's Holdings Corp.	46	993
	Kuraray Co Ltd.	139	1,801
	Ladbrokes PLC.	149	1,276
	Las Vegas Sands Corp.	46	6,105
	Lawson Inc.	36	1,242
	La-Z-Boy Inc.	416	3,282
	Lear Corp. (b)	445	15,811
	Lennar Corp.	291	6,594
	Li & Fung Ltd.	828	3,889
	Li Ning Co Ltd.	519	1,929
	Life Time Fitness Inc.	155	9,399
	Lifestyle International Holdings	618	1,690
	Liz Claiborne Inc.	209	5,950
	Longs Drug Stores Corp.	137	7,194
	Lowe's Cos Inc.	731	19,657
	Macy's Inc.	150	4,805
	Magna International Inc.	19	1,802
	Marks & Spencer Group PLC.	301	4,081
	Marriott International Inc.	143	5,879
	Marubeni Corp.	610	5,171
	Marui Group Co Ltd.	128	1,322
	Matsushita Electric Industrial	815	15,470
	Mattel Inc.	891	18,613
	Mazda Motor Corp.	354	2,108
	McDonald's Corp.	391	23,343
	Men's Wearhouse Inc.	202	8,537
	Meritage Homes Corp. (b)	204	3,282
	MGM Mirage. (b)	51	4,672
	Michelin.	25	3,347
	Mitchells & Butlers PLC.	78	1,080
	Mitsubishi Corp.	604	18,585

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Mitsubishi Logistics Corp.	84	1,206
	Mitsubishi Motors Corp. (b)	1,474	2,875
	Mitsubishi Rayon Co Ltd.	227	1,277
	Mitsui & Co Ltd.	651	16,645
	Mitsukoshi Ltd.	261	1,203
	Modine Manufacturing Co.	184	4,280
	Monaco Coach Corp.	240	2,784
	MSC Industrial Direct Co.	195	9,498
	Nagase & Co Ltd.	100	1,110
	Namco Bandai Holdings Inc.	93	1,425
	Nautilus Inc.	265	1,704
	Newell Rubbermaid Inc.	631	18,400
	Next PLC.	40	1,837
	NGK Spark Plug Co Ltd.	73	1,215
	NHK Spring Co Ltd.	138	1,176
	Nintendo Co Ltd.	43	26,797
	Nippon Seiki Co Ltd.	45	1,041
	Nissan Motor Co Ltd.	956	10,987
	Nisshinbo Industries Inc.	101	1,368
	Nissin Kogyo Co Ltd.	42	1,083
	Nitori Co Ltd.	24	1,092
	NOK Corp.	61	1,346
	Nokian Renkaat OYJ.	37	1,393
	Nordstrom Inc.	94	3,707
	Nu Skin Enterprises Inc.	334	5,768
	Onward Holdings Co Ltd.	104	1,066
	OPAP SA.	37	1,511
	O'Reilly Automotive Inc.	193	6,373
	Oriental Land Co Ltd.	24	1,423
	Orient-Express Hotels Ltd.	175	11,340
	Oshkosh Truck Corp.	124	6,721
	Pacific Sunwear Of California.	410	6,855
	Panera Bread Co.	126	5,165
	Parkson Retail Group Ltd.	165	1,875
	Penn National Gaming Inc.	123	7,595
	PEP Boys-Manny Moe & Jack.	239	3,516
	Persimmon PLC.	53	1,156
	PetSmart Inc.	229	6,859
	Peugeot SA.	29	2,687
	PF Chang's China Bistro Inc.	102	2,969
	Phillips-Van Heusen.	228	10,898
	Pier 1 Imports Inc. (b)	637	3,242
	Pinnacle Entertainment Inc. (b)	249	7,271
	Pioneer Corp.	92	1,018
	Pirelli & C SpA.	1,093	1,397
	Polo Ralph Lauren Corp.	104	7,155
	Pool Corp.	207	4,881
	Porsche Automobil Holding SE.	2	5,333
	PPR.	14	2,774
	Praktiker Bau- und Heimwerkerm.	28	1,010
	Puma AG Rudolf Dassler Sport.	3	1,284
	Punch Taverns PLC.	53	1,108
	Qantas Airways Ltd.	369	2,031
	Quiksilver Inc.	854	11,529
	RadioShack Corp.	276	5,691

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Reece Australia Ltd.	53	1,395
	Regal Entertainment Group.	542	12,233
	Regis Corp.	187	6,283
	Renault SA.	35	5,875
	Rite Aid Corp. (b)	1,115	4,360
	RONA Inc.	59	1,333
	Ross Stores Inc.	284	7,674
	Royal Caribbean Cruises Ltd.	321	13,764
	Ruby Tuesday Inc.	391	6,244
	Ryland Group Inc.	134	3,810
	Ryohin Keikaku Co Ltd.	21	1,318
	Saks Inc.	867	18,346
	Sankyo Co Ltd.	31	1,317
	Scientific Games Corp.	105	3,796
	Sears Holdings Corp.	30	4,044
	Sega Sammy Holdings Inc.	86	1,181
	Sekisui Chemical Co Ltd.	189	1,284
	Sekisui House Ltd.	217	2,759
	Select Comfort Corp.	203	2,320
	Seven & I Holdings Co Ltd.	247	6,337
	Shangri-La Asia Ltd.	536	1,701
	Shimachu Co Ltd.	44	1,259
	Shimamura Co Ltd.	13	1,257
	Shimano Inc.	39	1,413
	Shoppers Drug Mart Corp.	38	2,227
	Singapore Airlines Ltd.	190	2,574
	Six Flags Inc. (b)	595	1,928
	Sky City Entertainment Group Ltd.	333	1,379
	Skywest Inc.	381	10,397
	Sodexho Alliance SA.	19	1,370
	Sojitz Corp.	358	1,617
	Sony Corp.	378	18,478
	Southwest Airlines Co.	333	4,732
	Staples Inc.	302	7,049
	Starbucks Corp.	321	8,564
	Starwood Hotels & Resorts Worl.	92	5,231
	Station Casinos Inc.	71	6,376
	Steelcase Inc.	335	5,986
	Stein Mart Inc.	239	1,570
	Sumitomo Corp.	474	8,147
	Sumitomo Rubber Industries Inc.	104	1,257
	The Sumitomo Warehouse Co Ltd.	202	1,156
	Superior Industries International	171	3,456
	Suzuki Motor Corp.	171	5,573
	Swatch Group AG.	27	3,235
	TABCORP Holdings Ltd.	199	2,884
	Takashimaya Co Ltd.	118	1,426
	Takata Corp.	37	1,312
	Talbots Inc.	196	2,883
	Target Corp.	384	23,562
	Tattersall's Ltd.	480	1,873
	Taylor Wimpey PLC.	203	1,045
	Tech Data Corp.	379	14,906
	Teijin Ltd.	352	1,687
	Thomson.	75	1,308

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Tim Hortons Inc.	40	1,526
	TJX Cos Inc.	191	5,526
	Toho Co Ltd.	68	1,350
	Tokai Rika Co Ltd.	47	1,373
	Toll Brothers Inc.	271	6,209
	Toray Industries Inc.	531	4,069
	Toro Co.	170	9,462
	TOTO Ltd.	147	1,059
	Toyobo Co Ltd.	461	1,079
	Toyoda Gosei Co Ltd.	39	1,389
	Toyota Boshoku Corp.	48	1,560
	Toyota Tsusho Corp.	87	2,421
	Tractor Supply Co.	143	5,926
	Triarc Cos Inc.	297	3,326
	Tuesday Morning Corp.	262	1,996
	TUI AG.	44	1,292
	TUI Travel plc.	198	1,110
	Under Armour Inc.	131	8,155
	United Stationers Inc. (b)	115	6,660
	UNY Co Ltd.	117	1,009
	Urban Outfitters Inc.	177	4,473
	US Airways Group Inc/NEW.	198	5,477
	USS Co Ltd.	19	1,238
	Vail Resorts Inc.	125	7,586
	Valeo SA.	24	1,314
	Volkswagen AG.	44	10,776
	Wabash National Corp.	249	2,527
	Wacoal Holdings Corp.	101	1,228
	Walgreen Co.	500	19,825
	Wal-Mart Stores Inc.	738	33,365
	Warner Music Group Corp.	153	1,558
	Watsco Inc.	99	4,122
	Wendy's International Inc.	195	6,778
	WESCO International Inc.	77	3,592
	Whirlpool Corp.	176	13,936
	William Hill PLC.	101	1,300
	WMS Industries, Inc. (b)	179	6,206
	Wolseley PLC.	117	2,028
	Wolverine World Wide Inc.	325	8,333
	World Fuel Services Corp.	116	5,138
	WW Grainger Inc.	128	11,510
	Wynn Resorts Ltd.	99	15,982
	Yamada Denki Co Ltd.	34	3,477
	Yamaha Corp.	78	1,805
	Yamaha Motor Co Ltd.	82	2,317
	The Yokohama Rubber Co Ltd.	173	1,278
	Yum! Brands Inc.	225	9,061
	Zale Corp.	281	5,923
			1,805,160

CONSUMER, NON-CYCLICAL (7.6%)
	ABB Grain Ltd.	159	1,115
	Abbott Laboratories.	504	27,528
	ABC Learning Centres Ltd.	209	1,279
	Abertis Infraestructuras SA.	42	1,398

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Accenture Ltd.	289	11,285
	ACCO Brands Corp.	368	7,890
	Adams Respiratory Therapeutics.	127	5,580
	Adecco SA.	22	1,323
	Administaff Inc.	103	4,108
	Advanced Medical Optics Inc.	90	2,471
	Aetna Inc.	255	14,323
	Affymetrix Inc.	104	2,648
	Aggreko Plc.	111	1,445
	Ajinomoto Co Inc.	246	2,759
	Alberto-Culver Co.	229	5,952
	Alcon Inc.	33	5,023
	Alexion Pharmaceuticals Inc.	149	11,399
	Alfresa Holdings Corp.	18	1,044
	Alkermes Inc.	414	6,707
	Allergan Inc.	149	10,069
	Alliance Data Systems Corp.	141	11,336
	Altadis SA.	45	3,212
	Altria Group Inc.	656	47,843
	American Greetings Corp.	298	7,849
	American Medical Systems Holdings	298	3,811
	AMERIGROUP Corp.	219	7,665
	AmerisourceBergen Corp.	319	15,028
	Amgen, Inc. (b)	44	2,557
	Amylin Pharmaceuticals Inc.	228	10,265
	Anheuser-Busch Cos Inc.	236	12,102
	Apollo Group Inc.	240	19,022
	Applera Corp - Celera Group.	457	7,454
	Apria Healthcare Group Inc.	257	6,212
	Arbitron Inc.	124	6,277
	Arthrocare Corp.	123	7,975
	Asahi Breweries Ltd.	179	2,951
	Associated British Foods PLC.	72	1,366
	Astellas Pharma Inc.	208	9,176
	AstraZeneca PLC.	265	13,078
	Atlantia SpA.	50	1,964
	Avis Budget Group, Inc. (b)	701	14,630
	Babcock International Group.	118	1,439
	Barr Pharmaceuticals Inc.	185	10,604
	Baxter International Inc.	322	19,323
	BearingPoint Inc.	1,527	7,314
	Beckman Coulter Inc.	105	7,436
	Becton Dickinson & Co.	113	9,431
	Beiersdorf AG.	18	1,424
	Benesse Corp.	40	1,487
	Biogen Idec Inc.	139	10,347
	BioMarin Pharmaceutical Inc.	399	11,064
	Bio-Rad Laboratories Inc.	77	7,437
	Biovail Corp.	66	1,325
	Blyth Inc.	243	4,639
	Boston Scientific Corp.	590	8,183
	Bowne & Co Inc.	237	4,119
	Brisa-Auto Estradas de Portugal	91	1,292
	Bristol-Myers Squibb Co.	643	19,284
	British American Tobacco PLC.	257	9,781

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Brookdale Senior Living Inc.	85	3,136
	Brown-Forman Corp.	78	5,770
	Bunzl PLC.	93	1,399
	C&C Group PLC.	152	1,222
	Cadbury Schweppes PLC.	372	4,920
	Cambrex Corp.	215	2,449
	Capita Group PLC.	105	1,636
	Carlsberg A/S.	10	1,347
	Carrefour SA.	96	6,909
	Casino Guichard Perrachon SA.	13	1,451
	Celesio AG.	20	1,137
	Celgene Corp.	188	12,408
	Cephalon Inc.	111	8,185
	Chemed Corp.	107	6,133
	China Mengniu Dairy Co Ltd.	354	1,487
	ChoicePoint Inc.	128	5,033
	Christian Dior SA.	10	1,361
	Chugai Pharmaceutical Co Ltd.	104	1,794
	Church & Dwight Co Inc.	277	13,105
	Cintra Concesiones de Infraest.	81	1,415
	Clorox Co.	67	4,192
	Coates Hire Ltd.	268	1,615
	Coca Cola Hellenic Bottling Co.	28	1,737
	Coca-Cola Amatil Ltd.	195	1,853
	Coca-Cola Co/The.	666	41,133
	Coca-Cola West Holdings Co Ltd.	60	1,386
	Cochlear Ltd.	24	1,532
	Colgate-Palmolive Co.	255	19,449
	Colruyt SA.	6	1,283
	ConAgra Foods Inc.	134	3,180
	Constellation Brands Inc.	424	10,651
	Convergys Corp.	284	5,206
	Corinthian Colleges Inc.	593	9,719
	Corporate Executive Board Co.	63	4,489
	Corrections Corporation of America. (b)	504	14,258
	COSCO Pacific Ltd.	470	1,452
	Covance Inc.	108	8,910
	Coventry Health Care Inc.	266	16,042
	Covidien Ltd.	160	6,656
	CR Bard Inc.	179	14,966
	Cubist Pharmaceuticals Inc.	226	5,288
	CV Therapeutics Inc.	211	2,161
	Dade Behring Holdings Inc.	139	10,693
	Dai Nippon Printing Co Ltd.	264	3,814
	Daiichi Sankyo Co Ltd.	265	7,511
	Dainippon Sumitomo Pharma Co L.	130	1,205
	Dairy Farm International Holdi.	440	2,174
	Danisco A/S.	17	1,308
	DaVita Inc.	178	11,604
	Del Monte Foods Co.	386	3,991
	Delhaize Group.	17	1,612
	Deluxe Corp.	353	14,240
	Dentsply International Inc.	241	9,997
	Diageo PLC.	472	10,798
	Edwards Lifesciences Corp.	242	12,153

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Eisai Co Ltd.	108	4,512
	Elan Corp PLC.	83	1,982
	Eli Lilly & Co.	315	17,057
	Endo Pharmaceuticals Holdings.	226	6,622
	Enzon Pharmaceuticals Inc.	355	3,383
	Essilor International SA.	37	2,357
	Experian Group Ltd.	181	1,899
	Express Scripts Inc.	98	6,184
	Ezaki Glico Co Ltd.	126	1,314
	Fisher & Paykel Healthcare Cor.	479	1,200
	Forest Laboratories Inc.	135	5,274
	Forrester Research Inc.	53	1,257
	Fortune Brands Inc.	41	3,435
	Foster's Group Ltd.	748	4,438
	Fresenius Medical Care AG & Co.	33	1,732
	Fresenius SE.	16	1,270
	FTI Consulting Inc.	177	9,611
	G4S PLC.	281	1,237
	Genentech Inc.	228	16,902
	General Mills Inc.	95	5,484
	Gen-Probe Inc.	215	15,054
	Genzyme Corp.	112	8,509
	George Weston Ltd.	17	1,244
	Getinge AB.	56	1,481
	Gilead Sciences Inc.	460	21,247
	GlaxoSmithKline PLC.	1,066	27,445
	Golden Agri-Resources Ltd.	1,528	1,848
	Goodman Fielder Ltd.	571	1,117
	Greene King Plc.	61	1,149
	Grifols SA.	59	1,559
	H&R Block Inc.	676	14,737
	Haemonetics Corp.	109	5,602
	Hansen Natural Corp.	300	20,400
	Hays PLC.	379	1,082
	Health Management Associates I.	499	3,298
	Health Net Inc.	188	10,079
	Healthsouth Corp.	419	8,401
	Healthways Inc.	143	8,680
	Heineken Holding NV.	23	1,360
	Heineken NV.	43	3,008
	Hengan International Group Co.	366	1,419
	Henkel KGaA.	57	2,788
	Henry Schein Inc.	151	9,045
	Herbalife Ltd.	78	3,439
	Hershey Co/The.	66	2,845
	Hewitt Associates Inc.	437	15,417
	Hillenbrand Industries Inc.	131	7,234
	Hisamitsu Pharm.	44	1,205
	HJ Heinz Co.	100	4,678
	Hologic Inc.	343	23,295
	Hormel Foods Corp.	157	5,727
	House Foods Corp.	84	1,324
	Human Genome Sciences Inc.	553	5,231
	Humana, Inc. (b)	282	21,136
	Husqvarna AB.	89	1,072

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Iaws Group Plc.	59	1,393
	Idexx Laboratories Inc.	129	15,710
	Illumina Inc.	223	12,521
	Immucor Inc.	289	9,320
	Imperial Tobacco Group PLC.	120	6,072
	InBev NV.	36	3,397
	InterMune Inc.	119	2,370
	Intertek Group PLC.	62	1,327
	Intuitive Surgical Inc.	63	20,593
	Invacare Corp.	194	5,250
	Inverness Medical Innovations.	222	13,340
	Invitrogen Corp.	79	7,179
	Iron Mountain Inc.	309	10,732
	Ito En Ltd.	53	1,055
	ITT Educational Services, Inc. (b)	181	23,021
	J Sainsbury PLC.	265	3,015
	Japan Tobacco Inc.	2	11,597
	Jarden Corp.	315	11,189
	JM Smucker Co/The.	120	6,412
	Kagome Co Ltd.	75	1,188
	Kamigumi Co Ltd.	144	1,166
	Kao Corp.	197	5,635
	Kerry Group PLC.	47	1,417
	Kesko OYJ.	23	1,375
	Kikkoman Corp.	92	1,159
	Kimberly-Clark Corp.	179	12,689
	Kinetic Concepts Inc.	90	5,409
	King Pharmaceuticals Inc.	483	5,120
	Kirin Holdings Co Ltd.	363	5,050
	Koninklijke Ahold NV.	220	3,301
	Kraft Foods Inc.	523	17,473
	Kyowa Hakko Kogyo Co Ltd.	147	1,599
	Kyphon Inc.	188	13,325
	Laboratory Corp of America Hol.	199	13,681
	Lion Corp.	226	1,060
	Lion Nathan Ltd.	171	1,478
	Live Nation Inc.	248	5,069
	Loblaw Cos Ltd.	27	1,251
	L'Oreal SA.	46	6,039
	Luxottica Group SpA.	34	1,191
	Magellan Health Services Inc.	161	6,778
	Manor Care Inc.	124	8,256
	Manpower Inc.	144	10,763
	Marine Harvest.	981	994
	McCormick & Co Inc/MD.	218	7,637
	McKesson Corp.	126	8,329
	Medarex Inc.	517	6,178
	Medco Health Solutions Inc.	119	11,231
	Mediceo Paltac Holdings Co Ltd.	84	1,215
	Medicines Co/The.	200	3,830
	Medicis Pharmaceutical Corp.	231	6,858
	Medtronic Inc.	562	26,661
	Meiji Dairies Corp.	211	1,110
	Meiji Seika Kaisha Ltd.	282	1,239
	Mentor Corp.	143	6,088

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Merck & Co Inc.	680	39,617
	Merck KGAA.	11	1,376
	Metcash Ltd.	325	1,414
	Metro AG.	29	2,627
	Metro Inc.	35	1,316
	MGI Pharma Inc.	329	10,719
	Michael Page International Plc.	112	1,020
	Millennium Pharmaceuticals Inc.	652	7,707
	Millipore Corp. (b)	91	7,066
	Miraca Holdings Inc.	67	1,571
	Mitsubishi Tanabe Pharma Corp.	106	1,210
	Molson Coors Brewing Co.	14	801
	Monster Worldwide Inc.	198	8,035
	Moody's Corp.	99	4,328
	MPS Group Inc.	695	8,486
	Mylan Inc.	495	7,445
	Myriad Genetics Inc.	178	9,854
	NBTY Inc.	250	8,900
	Nektar Therapeutics.	352	2,105
	Nestle SA.	71	32,761
	Neurocrine Biosciences Inc.	136	1,258
	Nichirei Corp.	260	1,104
	Nippon Meat Packers Inc.	115	1,157
	Nippon Suisan Kaisha Ltd.	221	1,096
	Nisshin Seifun Group Inc.	134	1,204
	Nissin Food Products Co Ltd.	41	1,286
	Nobel Biocare Holding AG.	4	1,164
	Novartis AG.	440	23,398
	Novo Nordisk A/S.	34	4,216
	Novozymes A/S.	10	1,088
	Odyssey HealthCare Inc.	323	3,311
	Olam International Ltd.	629	1,522
	Omnicare Inc.	271	7,995
	Ono Pharmaceutical Co Ltd.	44	2,265
	Onyx Pharmaceuticals Inc.	227	10,603
	OSI Pharmaceuticals Inc.	86	3,575
	Pacific Brands Ltd.	404	1,302
	Parexel International Corp.	113	5,198
	Parkway Holdings Ltd.	485	1,395
	Parmalat SpA.	347	1,283
	Patterson Cos Inc.	219	8,565
	PDL BioPharma Inc.	198	4,198
	Pediatrix Medical Group Inc.	204	13,362
	Pepsi Bottling Group Inc.	324	13,958
	PepsiAmericas Inc.	157	5,608
	Performance Food Group Co.	191	5,155
	Pernod-Ricard SA.	15	3,465
	Perrigo Co.	531	12,590
	Pharmaceutical Product Develop.	177	7,476
	PharMerica Corp.	195	3,110
	PolyMedica Corp.	94	4,978
	Premier Foods PLC.	240	1,126
	Pre-Paid Legal Services, Inc. (b)	56	3,338
	Psychiatric Solutions, Inc. (b)	226	8,950
	Qiagen NV.	71	1,663

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	QP Corp.	129	1,270
	Quest Diagnostics Inc.	67	3,563
	Ralcorp Holdings, Inc. (b)	110	6,193
	Randstad Holding NV.	19	1,053
	Reckitt Benckiser Group PLC.	107	6,206
	Regeneron Pharmaceuticals Inc.	263	5,786
	Rent-A-Center Inc/TX.	416	6,656
	Rentokil Initial PLC.	390	1,395
	Resmed Inc.	130	5,386
	Resources Connection Inc.	191	4,349
	Respironics Inc.	124	6,207
	Reynolds American Inc.	47	3,028
	Rhoen Klinikum AG.	43	1,356
	Robert Half International Inc.	283	8,515
	Roche Holding AG.	130	22,292
	Rohto Pharmaceutical Co Ltd.	119	1,408
	Royal Numico NV.	32	2,529
	RR Donnelley & Sons Co.	496	19,984
	SABMiller PLC.	150	4,508
	Safeway Inc.	143	4,862
	SAIC Inc.	767	15,118
	Sanofi-Aventis SA.	184	16,133
	Santen Pharmaceutical Co Ltd.	53	1,240
	Sapporo Holdings Ltd.	207	1,552
	SAPRR.	13	1,383
	Saputo Inc.	26	1,595
	Sara Lee Corp.	198	3,275
	Savient Pharmaceuticals Inc.	282	3,971
	Schering-Plough Corp.	740	22,585
	Scottish & Newcastle PLC.	149	2,426
	Secom Co Ltd.	85	4,354
	Securitas AB.	81	1,023
	Sepracor Inc.	180	4,957
	Serco Group PLC.	139	1,303
	Service Corp International/US.	1,966	28,448
	SGS SA.	1	1,310
	Shimadzu Corp.	111	1,104
	Shionogi & Co Ltd.	123	2,086
	Shire PLC.	98	2,448
	Shiseido Co Ltd.	149	3,571
	Sierra Health Services Inc.	210	8,883
	Sigma Pharmaceuticals Ltd.	783	1,109
	Smith & Nephew PLC.	165	2,229
	Smithfield Foods Inc.	265	7,598
	Sohgo Security Services Co Ltd.	76	1,258
	Sonic Healthcare Ltd.	105	1,684
	Sonova Holding AG.	13	1,459
	Sotheby's.	276	14,951
	Spherion Corp.	350	3,052
	St Jude Medical, Inc. (b)	145	5,906
	Stada Arzneimittel AG.	19	1,207
	STERIS Corp.	445	12,923
	Stewart Enterprises Inc.	773	7,011
	Straumann Holding AG.	4	1,116
	Strayer Education Inc.	60	11,188

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Stryker Corp.	158	11,218
	Sunrise Senior Living Inc.	180	6,660
	SUPERVALU Inc.	482	18,678
	Suzuken Co Ltd.	40	1,286
	Swedish Match AB.	63	1,408
	Symbion Health Ltd.	350	1,317
	Synthes Inc.	11	1,373
	SYSCO Corp.	301	10,321
	Sysmex Corp.	32	1,304
	Taisho Pharmaceutical Co Ltd.	90	1,728
	Takara Holdings Inc.	201	1,174
	Takeda Pharmaceutical Co Ltd.	316	19,610
	Tate & Lyle PLC.	108	978
	Techne Corp.	154	10,047
	TeleTech Holdings Inc.	167	4,163
	Tenet Healthcare Corp. (b)	973	3,415
	Terumo Corp.	77	3,744
	Tesco PLC.	1,403	14,239
	Thai Beverage PCL.	6,920	1,244
	Theravance Inc.	195	4,879
	Tingyi Cayman Islands Holding.	1,418	2,159
	Toppan Printing Co Ltd.	253	2,460
	Toyo Suisan Kaisha Ltd.	76	1,316
	Transurban Group.	366	2,478
	Tsumura & Co.	72	1,282
	Tupperware Brands Corp.	417	15,054
	Tyson Foods Inc.	581	9,180
	UCB SA.	22	1,291
	Unicharm Corp.	23	1,366
	Unilever NV.	303	9,826
	Unilever PLC.	232	7,840
	United Natural Foods Inc.	161	4,659
	United Rentals Inc.	507	17,334
	United Therapeutics Corp.	79	5,407
	UnitedHealth Group Inc.	652	32,047
	Universal Corp.	191	9,309
	Universal Health Services Inc.	85	4,144
	UST Inc.	366	19,515
	Valassis Communications, Inc. (b)	418	4,117
	Varian Medical Systems, Inc. (b)	215	10,486
	VCA Antech Inc.	344	15,841
	Vedior NV.	47	1,066
	Ventana Medical Systems Inc.	145	12,760
	Vertex Pharmaceuticals Inc.	223	7,212
	Viad Corp.	126	4,465
	VistaPrint Ltd.	165	7,849
	Watson Pharmaceuticals Inc.	208	6,356
	Watson Wyatt Worldwide Inc.	176	8,390
	WD-40 Co.	140	5,544
	Weight Watchers International.	60	3,074
	WellCare Health Plans Inc.	59	1,427
	WellPoint Inc.	191	15,133
	West Pharmaceutical Services, Inc.	176	7,276
	The Western Union Co.	326	7,185
	Whole Foods Market Inc.	239	11,840

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	William Demant Holding. (b)	12	1,100
	Wilmar International Ltd.	927	2,653
	WM Morrison Supermarkets PLC.	408	2,509
	WM Wrigley Jr Co.	121	7,448
	Woolworths Ltd.	457	14,239
	Wyeth.	436	21,203
	Yakult Honsha Co Ltd.	62	1,429
	Yamazaki Baking Co Ltd.	156	1,362
	Zimmer Holdings Inc.	103	7,157
			2,666,139

DIVERSIFIED (0.2%)
	China Merchants Holdings International	375	2,618
	China Resources Enterprise.	405	1,756
	Citic Pacific Ltd.	285	1,783
	First Pacific Co.	1,706	1,290
	GEA Group AG.	38	1,420
	Groupe Bruxelles Lambert SA.	15	1,915
	Guangdong Investment Ltd.	1,859	1,264
	Guangzhou Investment Co Ltd.	3,893	1,638
	Hutchison Whampoa Ltd.	810	10,096
	IFIL - Investments SpA.	116	1,322
	Jardine Matheson Holdings Ltd.	166	5,063
	Jardine Strategic Holdings Ltd.	144	2,390
	LVMH Moet Hennessy Louis Vuitton	45	5,793
	Noble Group Ltd.	1,112	1,814
	Shanghai Industrial Holdings Ltd.	286	1,675
	Sherritt International Corp.	82	1,528
	Solvac SA.	7	1,262
	Swire Pacific Ltd.	840	5,640
	Washington H Soul Pattinson	147	1,328
	Wendel.	7	1,202
	Wharf Holdings Ltd.	465	2,778
			55,575

ENERGY (4.1%)
	Acergy SA.	46	1,329
	Advantage Energy Income Fund.	33	419
	Alpha Natural Resources Inc.	291	7,985
	Anadarko Petroleum Corp.	152	8,971
	Apache Corp.	107	11,108
	Arch Coal Inc.	242	9,922
	Atwood Oceanics Inc.	111	9,351
	Australian Worldwide Exploration	422	1,179
	Baker Hughes Inc.	159	13,788
	BG Group PLC.	631	11,673
	BJ Services Co.	44	1,108
	Bourbon SA.	19	1,341
	BP PLC.	3,396	44,141
	Cabot Oil & Gas Corp.	405	16,074
	Caltex Australia Ltd.	58	1,155
	Cameron International Corp.	187	18,206
	Canadian Natural Resources Ltd.	95	7,899
	Canadian Oil Sands Trust.	42	1,543
	CGG-Veritas. (b)	5	1,638

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Cheniere Energy Inc.	219	8,870
	Chesapeake Energy Corp.	218	8,607
	Chevron Corp.	665	60,853
	Cimarex Energy Co.	167	6,765
	CNOOC Ltd.	5,519	11,508
	Cnpc Hong Kong Ltd.	2,009	1,620
	ConocoPhillips.	475	40,356
	Consol Energy Inc.	312	17,628
	Core Laboratories NV.	99	14,448
	Cosmo Oil Co Ltd.	255	1,094
	Covanta Holding Corp.	179	4,853
	Crosstex Energy Inc.	190	7,005
	Delta Petroleum Corp.	350	6,545
	Denbury Resources Inc.	205	11,603
	Devon Energy Corp.	137	12,796
	Diamond Offshore Drilling Inc.	41	4,642
	El Paso Corp.	1,594	28,150
	Enbridge Inc.	59	2,555
	EnCana Corp.	135	9,445
	Encore Acquisition Co.	344	12,625
	Enerplus Resources Fund.	29	1,406
	ENI SpA.	435	15,877
	ENSCO International Inc.	254	14,094
	EOG Resources Inc.	104	9,214
	EXCO Resources Inc.	580	9,790
	Exterran Holdings Inc.	590	49,678
	Exxon Mobil Corp.	1,722	158,407
	First Solar Inc.	25	3,970
	FMC Technologies Inc.	220	13,339
	Fording Canadian Coal Trust.	13	476
	Fugro NV.	19	1,665
	Global Industries Ltd.	355	8,740
	Grant Prideco Inc.	216	10,619
	Grey Wolf Inc.	1,086	6,114
	Halliburton Co.	438	17,266
	Headwaters Inc.	257	3,688
	Helix Energy Solutions Group, Inc.	142	6,568
	Helmerich & Payne Inc.	199	6,292
	Hercules Offshore Inc.	333	9,004
	Hess Corp.	83	5,944
	Holly Corp.	196	12,309
	Husky Energy Inc.	44	2,051
	Idemitsu Kosan Co Ltd.	11	1,268
	Imperial Oil Ltd.	51	2,777
	ION Geophysical Corp.	571	8,651
	Japan Petroleum Exploration Co.	18	1,364
	John Wood Group PLC.	188	1,632
	Lundin Petroleum AB.	116	1,393
	Marathon Oil Corp.	236	13,981
	Mariner Energy Inc.	553	13,825
	National Fuel Gas Co.	142	6,886
	National Oilwell Varco Inc.	178	13,037
	Neste Oil OYJ.	34	1,222
	Nexen Inc.	82	2,776
	Niko Resources Ltd.	14	1,568

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nippon Mining Holdings Inc.	352	3,289
	Nippon Oil Corp.	554	4,855
	Noble Corp.	454	24,039
	Occidental Petroleum Corp.	271	18,713
	Oceaneering International Inc.	227	17,540
	Oil Search Ltd.	375	1,484
	Oilexco Inc.	104	1,898
	OMV AG.	27	2,018
	Oneok Inc.	209	10,437
	OPTI Canada Inc.	58	1,169
	Origin Energy Ltd.	331	2,821
	Parker Drilling Co. (b)	881	7,436
	Peabody Energy Corp.	113	6,300
	Penn Virginia Corp.	155	7,502
	Penn West Energy Trust.	40	1,275
	Petro-Canada.	88	5,076
	Pride International Inc.	280	10,332
	PrimeWest Energy Trust.	20	559
	Q-Cells AG.	14	1,785
	Questar Corp.	291	16,610
	Quicksilver Resources Inc.	118	6,726
	Range Resources Corp.	250	11,233
	Renewable Energy Corp AS.	31	1,580
	Repsol YPF SA.	140	5,525
	Rowan Cos Inc.	247	9,628
	Royal Dutch Shell PLC.	926	40,431
	Saipem SpA.	45	1,990
	Santos Ltd.	226	2,953
	SBM Offshore NV.	30	1,154
	Schlumberger Ltd.	570	55,044
	SEACOR Holdings Inc.	101	9,257
	SeaDrill Ltd.	61	1,452
	Showa Shell Sekiyu KK.	100	1,169
	Singapore Petroleum Co Ltd.	291	1,649
	Smith International Inc.	339	22,391
	Solarworld AG.	26	1,789
	Southwestern Energy Co. (b)	289	14,950
	Spectra Energy Corp.	205	5,326
	St Mary Land & Exploration Co.	262	11,098
	StatoilHydro ASA.	222	7,512
	Stone Energy Corp.	170	7,579
	Suncor Energy Inc.	81	8,869
	Sunoco Inc.	274	20,166
	Sunpower Corp.	76	9,611
	Superior Energy Services.	335	12,422
	Talisman Energy Inc.	186	4,052
	Technip SA.	19	1,703
	Tesoro Corp.	309	18,704
	Tetra Technologies Inc.	304	5,986
	TonenGeneral Sekiyu KK.	127	1,274
	Total SA.	401	32,319
	TransCanada Corp.	95	4,040
	Transocean, Inc.	142	16,951
	Tullow Oil PLC.	127	1,685
	Ultra Petroleum Corp.	256	18,140

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	UTS Energy Corp.	216	1,397
	Valero Energy Corp.	179	12,607
	Weatherford International Ltd.	168	10,905
	WesternZagros Resources Ltd.	40	141
	W-H Energy Services Inc.	125	7,195
	Woodside Petroleum Ltd.	170	8,234
	XTO Energy Inc.	191	12,679
			1,452,343

FINANCIAL (10.6%)
	The 77 Bank Ltd.	188	1,266
	ABN AMRO Holding NV.	338	18,265
	ACE Ltd.	105	6,364
	Acom Co Ltd.	35	834
	Adelaide Bank Ltd.	96	1,312
	Admiral Group PLC.	75	1,608
	Aegon NV.	257	5,308
	Aeon Credit Service Co Ltd.	88	1,345
	Aeon Mall Co Ltd.	41	1,059
	Affiliated Managers Group Inc.	51	6,709
	Aflac Inc.	18	1,130
	AGF Management Ltd.	36	1,398
	Agile Property Holdings Ltd.	700	1,676
	The Aichi Bank Ltd.	11	1,000
	Aiful Corp.	50	1,172
	Aioi Insurance Co Ltd.	210	1,212
	Alexandria Real Estate Equitie.	122	12,583
	Allco Finance Group Ltd.	136	967
	Alleanza Assicurazioni SpA.	98	1,326
	Alleghany Corp. (b)	10	3,930
	Alliance & Leicester PLC.	77	1,266
	Allianz SE.	79	17,794
	Allied Irish Banks PLC.	162	4,057
	Allied World Assurance Holding.	80	3,833
	The Allstate Corp.	199	10,428
	Alpha Bank AE.	72	2,663
	AMB Property Corp.	167	10,913
	AMBAC Financial Group Inc.	230	8,471
	Amcore Financial Inc.	186	4,410
	American Express Co.	524	31,938
	American Financial Group Inc/O.	196	5,860
	American Financial Realty Trust	756	5,095
	American International Group Inc.	707	44,627
	American National Insurance.	32	4,138
	AmeriCredit Corp.	241	3,401
	Ameriprise Financial Inc.	68	4,283
	Amlin PLC.	222	1,482
	AMP Ltd.	710	6,739
	Anchor Bancorp Wisconsin Inc.	167	4,108
	Anglo Irish Bank Corp PLC.	128	2,143
	Annaly Capital Management Inc.	2,153	36,795
	AON Corp.	85	3,852
	Apartment Investment & Management	169	7,897
	Arch Capital Group Ltd.	92	6,879
	Arthur J Gallagher & Co.	198	5,269

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Ascendas Real Estate Investments	696	1,246
	Aspen Insurance Holdings Ltd.	155	4,241
	Assicurazioni Generali SpA.	214	10,169
	Associated Banc-Corp.	242	6,984
	Assurant Inc.	205	11,980
	Assured Guaranty Ltd.	99	2,284
	Astoria Financial Corp.	178	4,626
	ASX Ltd.	65	3,472
	Australia & New Zealand Banking	693	19,429
	AvalonBay Communities Inc.	135	16,558
	Aviva PLC.	459	7,212
	AXA Asia Pacific Holdings Ltd.	342	2,599
	AXA SA.	318	14,213
	Axis Capital Holdings Ltd.	292	11,604
	Babcock & Brown Ltd.	108	3,068
	Baloise Holding AG.	13	1,381
	Banca Monte dei Paschi di Siena	221	1,412
	Banca Popolare di Milano Scarl.	86	1,349
	Banco BPI SA.	134	1,172
	Banco Comercial Portugues SA.	593	2,869
	Banco de Valencia SA.	22	1,256
	Banco Espirito Santo SA.	53	1,283
	Banco Popular Espanol SA.	136	2,374
	Banco Santander SA.	1,107	24,050
	Bancorpsouth Inc.	530	12,858
	Bank of America Corp.	1,411	68,123
	Bank of East Asia Ltd.	589	3,967
	Bank of Hawaii Corp.	18	957
	The Bank of Ikeda Ltd.	28	1,177
	Bank of Ireland.	174	3,213
	Bank of Kyoto Ltd/The.	133	1,689
	Bank of Montreal.	89	5,935
	The Bank of Nagoya Ltd.	199	1,463
	The Bank of New York Mellon Corp.	593	28,968
	Bank of Nova Scotia.	175	9,906
	Bank of Queensland Ltd.	82	1,465
	The Bank of Yokohama Ltd.	533	3,751
	Bankinter SA.	72	1,069
	Banque Cantonale Vaudoise.	2	908
	Barclays PLC.	1,158	14,546
	BB&T Corp.	176	6,507
	BBVA.	629	15,824
	The Bear Stearns Cos Inc.	35	3,976
	Bendigo Bank Ltd.	90	1,171
	BioMed Realty Trust Inc.	443	10,583
	BNP Paribas.	155	17,082
	BOC Hong Kong Holdings Ltd.	1,356	3,805
	BOK Financial Corp.	60	3,272
	Bolsas y Mercados Espanoles.	22	1,534
	Boston Properties Inc.	51	5,525
	Bradford & Bingley PLC.	146	938
	Brandywine Realty Trust.	601	15,548
	BRE Properties Inc.	211	11,563
	British Land Co PLC.	92	2,074
	Brookfield Asset Management Inc.	103	4,207

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Cabcharge Australia Ltd.	117	1,157
	Cambridge Industrial Trust.	692	349
	Camden Property Trust.	95	5,923
	Canadian Imperial Bank of Commerce	60	6,478
	CapitaCommercial Trust.	712	1,324
	Capital One Financial Corp.	137	8,986
	CapitaLand Ltd.	633	3,522
	CapitalSource Inc.	277	5,047
	CapitaMall Trust.	502	1,270
	Cathay General Bancorp.	288	8,919
	Cattles PLC.	165	1,170
	CB Richard Ellis Group Inc.	343	8,362
	Centro Properties Group.	321	2,093
	CFS Retail Property Trust.	760	1,727
	Challenger Financial Services.	261	1,536
	The Charles Schwab Corp.	508	11,806
	Cheung Kong Holdings Ltd.	554	10,772
	The Chiba Bank Ltd.	340	2,702
	China Everbright Ltd. (b)	528	2,337
	China Insurance International (b)	504	1,622
	China Overseas Land & Investments	1,334	3,242
	China Resources Land Ltd.	677	1,696
	Chinese Estates Holdings Ltd.	681	1,369
	Chittenden Corp.	322	11,470
	Chubb Corp.	130	6,936
	The Chugoku Bank Ltd.	93	1,345
	Chuo Mitsui Trust Holdings Inc.	374	2,966
	Cigna Corp.	78	4,094
	Cincinnati Financial Corp.	370	14,719
	CIT Group Inc.	435	15,329
	CITIC International Financial.	1,483	1,265
	Citigroup Inc.	1,553	65,071
	Citizens Republic Bancorp Inc.	448	6,819
	City Developments Ltd.	179	1,955
	City National Corp.	80	5,408
	CME Group Inc.	66	43,973
	CNP Assurances.	9	1,147
	Colonial BancGroup Inc.	313	6,003
	Colonial Properties Trust.	317	9,932
	Comerica Inc.	41	1,914
	Commerce Bancorp Inc.	431	17,563
	Commerce Bancshares Inc.	151	7,123
	Commerce Group Inc.	350	12,772
	Commerzbank AG.	106	4,501
	Commonwealth Bank of Australia.	489	28,012
	Commonwealth Property Office	909	1,338
	CompuCredit Corp.	112	2,232
	Conseco Inc.	442	6,979
	Corio NV.	12	1,051
	Corporate Office Properties	194	8,018
	Countrywide Financial Corp.	192	2,980
	Cousins Properties Inc.	263	7,572
	Credit Agricole SA.	132	5,217
	Credit Saison Co Ltd.	63	1,993
	Credit Suisse Group.	186	12,508

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Cullen/Frost Bankers Inc.	134	7,126
	The Daishi Bank Ltd.	292	1,268
	Daito Trust Cons.	34	1,562
	Daiwa Securities Group Inc.	529	5,034
	Danske Bank A/S.	84	3,702
	DB RREEF Trust.	1,097	2,136
	DBS Group Holdings Ltd.	422	6,534
	DCT Industrial Trust Inc.	1,160	12,447
	Derwent London PLC.	37	1,279
	Deutsche Bank AG.	93	12,458
	Deutsche Boerse AG.	36	5,786
	Deutsche Postbank AG.	16	1,170
	Dexia SA.	99	3,175
	DiamondRock Hospitality Co.	647	12,397
	Digital Realty Trust Inc.	230	10,118
	Dime Community Bancshares.	270	3,885
	DnB NOR ASA.	130	2,144
	Downey Financial Corp.	122	4,969
	Duke Realty Corp.	278	8,938
	EFG Eurobank Ergasias SA.	48	1,867
	Endurance Specialty Holdings L.	119	4,666
	Equity Lifestyle Properties In.	91	4,572
	Equity Residential.	106	4,429
	Erie Indemnity Co.	99	5,633
	Erste Bank der Oesterreichisch.	39	3,163
	Essex Property Trust Inc.	108	13,330
	Euler Hermes SA.	8	1,073
	Eurazeo.	9	1,341
	Everest Re Group Ltd.	143	15,235
	Fairfax Financial Holdings Ltd.	6	1,659
	Fannie Mae.	320	18,253
	Federal Realty Invs Trust.	96	8,469
	Federated Investors Inc.	202	8,686
	FelCor Lodging Trust Inc.	427	8,941
	Fidelity National Financial Inc.	445	6,849
	Fifth Third Bancorp.	151	4,723
	First American Corp.	173	5,207
	First Bancorp.	601	5,283
	First Horizon National Corp.	255	6,650
	The First Marblehead Corp.	126	4,893
	First Midwest Bancorp Inc.	343	11,552
	First Niagara Financial Group.	723	9,544
	FirstFed Financial Corp. (b)	97	4,150
	FirstMerit Corp.	514	10,897
	FKP Property Group.	208	1,422
	FNB Corp.	353	5,867
	Fonciere Des Regions.	8	1,167
	Fondiaria-Sai SpA.	26	1,261
	Forest City Enterprises Inc.	99	5,635
	Fortis.	231	7,384
	Franklin Resources Inc.	72	9,337
	Franklin Street Properties Cor.	374	6,078
	Fraser and Neave Ltd.	414	1,717
	Freddie Mac.	214	11,177
	Fremont General Corp.	489	1,355

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Friedman Billings Ramsey Group.	1,114	4,790
	Friends Provident PLC.	380	1,454
	Frontier Financial Corp.	298	6,613
	Fulton Financial Corp.	1,194	15,653
	Genting International PLC (b)	2,111	1,007
	Genworth Financial Inc.	140	3,822
	Goldman Sachs Group Inc.	121	29,998
	Goodman Group.	556	3,573
	GPT Group.	776	3,339
	Great Portland Estates PLC.	94	1,117
	Great-West Lifeco Inc.	46	1,816
	Greentown China Holdings Ltd.	519	1,102
	The Gunma Bank Ltd.	188	1,328
	Guoco Group Ltd.	85	1,305
	GZI Real Estate Investment Tru.	1,038	419
	The Hachijuni Bank Ltd.	196	1,492
	Hammerson PLC.	51	1,179
	Hang Lung Group Ltd.	317	1,857
	Hang Lung Properties Ltd.	695	3,304
	Hang Seng Bank Ltd.	262	5,314
	Hannover Rueckversicherung AG.	28	1,475
	Hartford Financial Services Gr.	103	9,994
	HBOS PLC.	663	12,037
	HCC Insurance Holdings Inc.	227	6,785
	HCP Inc.	465	15,829
	Health Care REIT Inc.	556	24,625
	Healthcare Realty Trust Inc.	282	7,456
	Helvetia Holding AG.	3	1,088
	Henderson Group PLC.	311	1,210
	Henderson Investment Ltd.	755	1,502
	Henderson Land Development Co.	258	2,297
	The Higo Bank Ltd.	187	1,292
	Hilb Rogal & Hobbs Co.	150	6,611
	The Hiroshima Bank Ltd.	237	1,280
	The Hokkoku Bank Ltd.	290	1,375
	Hokuhoku Financial Group Inc.	528	1,615
	Home Properties Inc.	136	6,993
	Hong Kong Exchanges and Clearing	403	13,322
	Hongkong Land Holdings Ltd.	703	3,501
	Hopewell Holdings.	286	1,472
	Hopson Development Holdings Ltd.	345	1,327
	Horace Mann Educators Corp.	274	5,669
	Hospitality Properties Trust.	190	7,524
	Host Hotels & Resorts Inc.	169	3,745
	HRPT Properties Trust.	1,443	13,550
	HSBC Holdings PLC.	2,072	40,979
	Hudson City Bancorp Inc.	1,053	16,490
	Huntington Bancshares Inc.	838	15,009
	The Hyakugo Bank Ltd.	192	1,143
	The Hyakujushi Bank Ltd.	246	1,237
	Hypo Real Estate Holding AG.	35	2,087
	Hysan Development Co Ltd.	479	1,440
	ICAP PLC.	128	1,557
	IGM Financial Inc.	25	1,454
	Immoeast AG. (b)	95	1,156

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	IMMOFINANZ AG.	98	1,164
	Industrial Alliance Insurance.	34	1,430
	IndyMac Bancorp Inc.	503	6,750
	ING Groep NV.	370	16,634
	ING Industrial Fund.	585	1,526
	ING Office Fund.	865	1,450
	Insurance Australia Group Ltd.	682	2,986
	IntercontinentalExchange Inc.	122	21,740
	International Bancshares Corp.	105	2,295
	International Securities Exchange	154	10,326
	Intesa Sanpaolo SpA.	1,877	14,785
	Invesco PLC.	149	2,285
	Investec PLC.	99	1,196
	Investment Technology Group, Inc. (b)	184	7,710
	Investor AB.	129	3,166
	IPC Holdings Ltd.	132	3,948
	Irish Life & Permanent PLC.	51	1,163
	iStar Financial Inc.	257	7,841
	IVG Immobilien AG.	34	1,536
	The Iyo Bank Ltd.	141	1,372
	Jafco Co Ltd.	27	1,102
	Janus Capital Group Inc.	381	13,148
	Japan Securities Finance Co Ltd.	91	950
	Jefferies Group Inc.	217	5,800
	Jones Lang LaSalle Inc.	62	5,910
	The Joyo Bank Ltd.	306	1,886
	JPMorgan Chase & Co.	1,063	49,961
	The Juroku Bank Ltd.	207	1,247
	Jyske Bank A/S. (b)	16	1,318
	The Kagoshima Bank Ltd.	170	1,173
	KBC Groep NV.	30	4,202
	The Keiyo Bank Ltd.	221	1,134
	Keppel Land Ltd.	226	1,297
	Kerry Properties Ltd.	172	1,477
	Keycorp.	100	2,845
	Kilroy Realty Corp.	134	8,715
	Kimco Realty Corp.	496	20,594
	Kinnevik Investment AB.	65	1,612
	Klepierre.	24	1,301
	Knight Capital Group Inc.	615	8,247
	Kowloon Development Co Ltd.	564	1,747
	LaBranche & Co, Inc. (b)	452	2,477
	Land Securities Group PLC.	78	2,667
	LaSalle Hotel Properties.	164	6,776
	Legal & General Group PLC.	1,157	3,371
	Lehman Brothers Holdings Inc.	175	11,085
	Lend Lease Corp Ltd.	132	2,465
	Leopalace21 Corp.	51	1,618
	Lexington Realty Trust.	433	8,569
	Liberty International PLC.	59	1,467
	Liberty Property Trust.	186	6,997
	Lincoln National Corp.	89	5,551
	The Link REIT	630	1,421
	Lloyds TSB Group PLC.	998	11,322
	Loews Corp.	148	7,265

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	London Stock Exchange Group PL.	45	1,572
	M&T Bank Corp.	21	2,089
	The Macerich Co.	121	10,371
	Mack-Cali Realty Corp.	137	5,424
	Macquarie Communications Infra.	243	1,299
	Macquarie CountryWide Trust.	737	1,380
	Macquarie Group Ltd.	96	7,516
	Macquarie Infrastructure Group.	1,019	2,999
	Macquarie Office Trust.	951	1,453
	Man Group, PLC	333	4,072
	Manulife Financial Corp.	274	12,815
	Mapfre SA.	265	1,244
	Markel Corp.	17	9,235
	Marsh & McLennan Cos Inc.	178	4,608
	Marshall & Ilsley Corp.	541	23,102
	MBIA Inc.	265	11,406
	Mediobanca SpA.	68	1,612
	Meinl European Land Ltd.	53	743
	Mercury General Corp.	75	3,848
	Merrill Lynch & Co Inc.	270	17,825
	MetLife Inc.	148	10,190
	Metrovacesa SA.	22	1,292
	MGIC Investment Corp.	168	3,252
	Mid-America Apartment Communit.	105	5,460
	Millea Holdings Inc.	313	12,262
	Mirvac Group.	383	2,062
	Mitsubishi Estate Co Ltd.	520	15,414
	Mitsubishi UFJ Financial Group.	4,117	40,646
	Mitsubishi UFJ Lease & Finance.	28	963
	Mitsui Fudosan Co Ltd.	334	9,148
	Mitsui Sumitomo Insurance Co Ltd.	543	6,175
	Mizuho Financial Group Inc.	5	27,866
	Mizuho Trust & Banking Co Ltd.	649	1,148
	Montpelier Re Holdings Ltd.	189	3,383
	Morgan Stanley.	316	21,254
	Muenchener Rueckversicherungs.	39	7,456
	The Musashino Bank Ltd.	26	1,221
	The Nanto Bank Ltd.	247	1,287
	The Nasdaq Stock Market Inc.	165	7,706
	National Australia Bank Ltd.	606	24,328
	National Bank of Canada.	29	1,677
	National Bank of Greece SA.	84	5,837
	National City Corp.	540	13,095
	National Financial Partners Co.	155	8,474
	National Retail Properties Inc.	463	11,737
	Nationwide Financial Services.	351	18,831
	Nationwide Health Properties Inc.	628	19,606
	New World Development Ltd.	851	3,036
	New York Community Bancorp Inc.	631	11,743
	NewAlliance Bancshares Inc.	726	10,157
	Newcastle Investment Corp.	311	4,618
	Nexity.	16	1,063
	Nikko Cordial Corp.	142	2,033
	Nipponkoa Insurance Co Ltd.	305	2,776
	The Nishi-Nippon City Bank Ltd.	371	1,090

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nissay Dowa General Insurance.	221	1,249
	Nomura Holdings Inc.	723	12,846
	Nomura Real Estate Holdings Inc.	41	1,176
	Nordea Bank AB.	368	6,582
	Northern Rock PLC.	75	288
	Nuveen Investments Inc.	133	8,618
	Nymex Holdings Inc.	21	2,699
	NYSE Euronext.	82	7,697
	The Ogaki Kyoritsu Bank Ltd.	249	1,386
	Okasan Holdings Inc.	195	1,301
	OKO Bank plc.	71	1,522
	Old Mutual PLC.	975	3,731
	Old National Bancorp.	425	7,102
	Old Republic International Corp.	529	8,110
	OMX AB.	41	1,723
	Onex Corp.	40	1,682
	ORIX Corp.	34	6,840
	Oversea-Chinese Banking Corp.	937	5,958
	Pacific Capital Bancorp NA.	277	5,742
	Pargesa Holding SA.	11	1,253
	Park National Corp.	46	3,646
	PartnerRe Ltd.	136	11,322
	Pennsylvania Real Estate Investors	269	10,262
	Perpetual Ltd.	19	1,314
	PFF Bancorp Inc.	166	1,768
	Philadelphia Consolidated Hold.	248	10,118
	The Phoenix Cos Inc.	742	10,225
	Piper Jaffray Cos.	76	3,906
	Piraeus Bank SA.	60	2,405
	Platinum Underwriters Holdings.	404	14,544
	PMI Group Inc/The.	173	2,773
	PNC Financial Services Group Inc.	111	8,010
	Popular Inc.	510	5,381
	Power Corp Of Canada.	56	2,402
	Power Financial Corp.	41	1,827
	Principal Financial Group Inc.	75	5,075
	ProAssurance Corp.	129	7,113
	Promise Co Ltd.	46	1,376
	Prosperity REIT.	1,977	408
	Protective Life Corp.	131	5,616
	Provident Bankshares Corp.	189	4,663
	Provident Financial Services Inc.	366	5,797
	Prudential Financial Inc.	155	14,992
	Prudential PLC.	433	7,042
	PSP Swiss Property AG.	23	1,245
	Public Storage.	54	4,372
	QBE Insurance Group Ltd.	327	9,899
	Quintain Estates & Development.	66	843
	Radian Group Inc.	161	2,027
	Raiffeisen International Bank.	8	1,322
	RAIT Financial Trust.	370	3,367
	Ratos AB.	39	1,145
	Raymond James Financial Inc.	192	7,152
	Realty Income Corp.	696	20,560
	Redwood Trust Inc.	150	3,953

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Regency Centers Corp.	117	8,363
	Regions Financial Corp.	227	6,156
	Reinsurance Group of America Inc.	59	3,371
	RenaissanceRe Holdings Ltd.	137	7,993
	Resolution Plc.	121	1,838
	Resona Holdings Inc.	2	3,536
	RLI Corp.	88	5,119
	Royal & Sun Alliance Insurance.	529	1,735
	Royal Bank of Canada.	227	13,464
	Royal Bank of Scotland Group Plc	1,674	17,981
	Safeco Corp.	213	12,333
	Sampo Oyj.	88	2,757
	The San-In Godo Bank Ltd.	142	1,275
	Schroders PLC.	49	1,568
	Schweizerische National-Versic.	1	785
	Segro PLC.	104	1,010
	Selective Insurance Group.	362	8,800
	Senior Housing Properties Trus.	576	12,914
	The Senshu Bank Ltd.	488	1,129
	The Shiga Bank Ltd.	192	1,356
	Shimao Property Holdings Ltd.	465	1,641
	Shinko Securities Co Ltd.	254	1,299
	Shinsei Bank Ltd.	560	1,796
	The Shizuoka Bank Ltd.	269	2,807
	Shui On Land Ltd.	1,186	1,637
	Shun Tak Holdings Ltd.	799	1,249
	Simon Property Group Inc.	110	11,452
	Singapore Exchange Ltd.	403	4,345
	Sino Land Co.	551	1,710
	Skandinaviska Enskilda Banken.	96	2,940
	SL Green Realty Corp.	100	12,066
	Societa Cattolica di Assicurazione	21	1,389
	Societe Generale.	82	13,760
	Sompo Japan Insurance Inc.	374	4,357
	The South Financial Group Inc.	500	10,330
	Sovereign Bancorp Inc.	747	10,779
	St George Bank Ltd.	201	6,805
	Standard Chartered PLC.	248	9,624
	Standard Life PLC.	373	2,207
	State Street Corp.	161	12,843
	Sterling Bancshares Inc.	540	6,588
	Sterling Financial Corp.	352	7,920
	Stockland.	527	4,393
	Storebrand ASA.	82	1,170
	Strategic Hotels & Resorts Inc.	512	11,182
	Sumitomo Mitsui Financial Grou.	3	24,286
	Sumitomo Realty & Development.	180	6,287
	Sumitomo Trust & Banking Co Ltd.	632	4,662
	Sun Hung Kai Properties Ltd.	520	9,849
	Sun Life Financial Inc.	101	5,868
	Suncorp-Metway Ltd.	351	6,630
	Sunstone Hotel Investors Inc.	371	10,318
	Suntec REIT.	997	1,247
	SunTrust Banks Inc.	115	8,349
	Suruga Bank Ltd.	100	1,307

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Susquehanna Bancshares Inc.	327	6,596
	SVB Financial Group (b)	142	7,354
	Svenska Handelsbanken AB.	90	2,983
	Swedbank AB.	64	2,000
	Swiss Life Holding.	6	1,657
	Swiss Reinsurance.	66	6,193
	SWS Group Inc.	234	4,444
	Sydbank A/S.	24	1,104
	Synovus Financial Corp.	632	16,660
	T Rowe Price Group Inc.	448	28,780
	T&D Holdings Inc.	93	5,538
	Takefuji Corp.	51	1,300
	Taubman Centers Inc.	221	13,010
	TCF Financial Corp.	251	5,715
	TD Ameritrade Holding Corp. (b)	156	2,986
	Thornburg Mortgage Inc.	240	2,520
	Tokai Tokyo Securities Co Ltd.	221	1,176
	Tokyo Tatemono Co Ltd.	121	1,541
	The Tokyo Tomin Bank Ltd.	36	1,189
	Tokyu Land Corp.	173	1,775
	Topdanmark A/S (b)	7	1,194
	Torchmark Corp.	192	12,511
	Toronto-Dominion Bank.	127	9,591
	The Travelers Cos Inc.	216	11,277
	Trustco Bank Corp NY.	476	5,017
	Trustmark Corp.	306	8,259
	TSX Group Inc.	31	1,671
	UBS AG.	337	18,022
	UCBH Holdings Inc.	720	12,290
	UDR Inc.	277	6,576
	Umpqua Holdings Corp.	372	6,298
	Unibail-Rodamco.	14	3,480
	UniCredito Italiano SpA.	2,174	18,609
	UnionBanCal Corp.	108	5,833
	Unione di Banche Italiane SCPA.	113	3,141
	Unipol Gruppo Finanziario SpA.	758	2,776
	United Bankshares Inc.	302	9,151
	United Industrial Corp Ltd.	611	1,309
	United Overseas Bank Ltd.	460	6,836
	Unitrin Inc.	127	5,881
	Unum Group.	823	19,209
	UOL Group Ltd.	350	1,270
	Urban Corp.	78	1,345
	US Bancorp.	573	19,001
	Valad Property Group.	783	1,378
	Valley National Bancorp.	251	5,140
	Ventas Inc.	302	12,953
	W Holding Co Inc.	1,143	2,400
	Wachovia Corp.	624	28,536
	Waddell & Reed Financial Inc.	174	5,780
	Washington Federal Inc.	595	14,375
	Washington Mutual Inc.	288	8,029
	Webster Financial Corp.	373	13,518
	Weingarten Realty Investors.	163	6,236
	Wells Fargo & Co.	1,267	43,092

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Wereldhave NV.	4	477
	Westfield Group.	684	13,889
	Westpac Banking Corp.	695	19,770
	Wheelock & Co Ltd.	479	1,545
	White Mountains Insurance Group	13	6,989
	Whitney Holding Corp.	468	12,009
	Willis Group Holdings Ltd.	221	9,355
	Wilmington Trust Corp.	136	4,946
	Wing Hang Bank Ltd.	98	1,147
	Wing Lung Bank.	118	1,220
	Wing Tai Holdings Ltd.	506	1,210
	WR Berkley Corp.	366	11,013
	XL Capital Ltd.	56	4,029
	Yamaguchi Financial Group Inc.	100	1,166
	Yamanashi Chuo Bank Ltd.	201	1,169
	Zenith National Insurance Corp.	257	10,326
	Zurich Financial Services AG.	26	7,828
			3,740,517

HEALTH CARE (0.3%)
	Johnson & Johnson.	841	54,808
	Pfizer Inc.	2,151	52,936
	CSL Ltd.	210	7,155
			114,899

INDUSTRIAL (6.3%)
	3M Co.	210	18,136
	AAR Corp. (b)	150	4,808
	ABB Ltd.	400	12,030
	Acciona SA.	5	1,542
	ACS Actividades de Construccion	35	2,165
	Actuant Corp.	113	7,795
	Acuity Brands Inc.	179	8,556
	Advantest Corp.	63	1,807
	Aeroports de Paris.	11	1,257
	AGFA-Gevaert NV.	59	819
	Agilent Technologies Inc.	175	6,449
	Albany International Corp.	151	5,663
	Alfa Laval AB.	19	1,505
	Alliant Techsystems Inc.	150	16,559
	Allied Waste Industries Inc.	639	8,077
	Alps Electric Co Ltd.	125	1,554
	Alstom.	18	4,247
	Amada Co Ltd.	149	1,490
	Amcor Ltd.	341	2,230
	Amec PLC.	95	1,649
	American Commercial Lines Inc.	88	1,312
	Ametek Inc.	180	8,460
	Amphenol Corp.	301	13,325
	Ansell Ltd.	123	1,417
	Applera Corp - Applied Biosystems	414	15,376
	Aptargroup Inc.	264	11,801
	ArcelorMittal	136	10,912
	Arkansas Best Corp.	183	5,023
	Arriva Plc.	77	1,342

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Arrow Electronics, Inc. (b)	215	8,596
	Asahi Glass Co Ltd.	445	6,063
	Assa Abloy AB.	58	1,214
	Astec Industries Inc.	68	3,082
	Auckland International Airport.	488	1,080
	Avnet, Inc. (b)	260	10,847
	BAE Systems PLC.	596	6,173
	Balfour Beatty PLC.	141	1,451
	BE Aerospace Inc.	382	18,989
	Belden Inc.	187	10,896
	Bemis Co Inc.	252	7,096
	Benchmark Electronics Inc.	488	10,009
	Bilfinger Berger AG.	14	1,238
	Boeing Co.	351	34,605
	Bombardier, Inc. (b)	253	1,500
	Boral Ltd.	226	1,425
	Bouygues.	48	4,606
	Briggs & Stratton Corp.	290	6,528
	The Brink's Co.	171	10,713
	Brother Industries Ltd.	105	1,399
	Bucyrus International Inc.	153	12,623
	Burlington Northern Santa Fe Co.	101	8,802
	CAE Inc.	97	1,308
	Campbell Brothers Ltd.	54	1,712
	Canadian National Railway Co.	84	4,711
	Canadian Pacific Railway Ltd.	26	1,829
	Carlisle Cos Inc.	253	9,981
	Casio Computer Co Ltd.	99	930
	Central Glass Co Ltd.	223	1,050
	Ceradyne Inc.	105	7,183
	CH Robinson Worldwide Inc.	294	14,676
	Charter Plc. (b)	53	1,195
	Checkpoint Systems, Inc. (b)	247	7,472
	Cheung Kong Infrastructure Holdings	347	1,352
	China Grand Forestry Resources (b)	3,038	1,062
	Chiyoda Corp.	66	1,213
	Cie de Saint-Gobain.	65	6,966
	Ciments Francais SA.	5	939
	Cimpor Cimentos de Portugal SG.	125	1,133
	Cobham PLC.	319	1,396
	Coherent Inc.	129	4,231
	ComfortDelgro Corp Ltd.	916	1,222
	Commercial Metals Co.	240	7,531
	COMSYS Holdings Corp.	112	1,088
	Cookson Group PLC.	88	1,524
	Cooper Industries Ltd.	355	18,598
	Cosco Corp Singapore Ltd.	367	1,966
	CRH PLC.	96	3,666
	CSR Ltd.	434	1,378
	CTS Corp.	292	3,606
	Cummins Inc.	160	19,194
	Cymer Inc.	150	6,375
	Daifuku Co Ltd.	100	1,183
	Daiichi Chuo Kisen Kaisha.	169	1,392
	Daikin Industries Ltd.	100	5,010

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Dainippon Screen Manufacturing.	169	996
	Danaher Corp.	119	10,195
	Deere & Co.	74	11,463
	Deutsche Post AG.	148	4,480
	Dionex Corp.	80	7,040
	Disco Corp.	23	1,358
	Donaldson Co Inc.	287	12,301
	Downer EDI Ltd.	207	1,278
	DRS Technologies Inc.	165	9,478
	Dyno Nobel Ltd.	677	1,551
	EADS.	61	2,071
	Eagle Materials Inc.	200	7,902
	East Japan Railway Co.	2	16,416
	Eastman Kodak Co.	647	18,543
	Eaton Corp.	328	30,365
	Ebara Corp.	260	1,217
	Eiffage SA.	10	1,130
	EMCOR Group Inc.	263	9,055
	Energizer Holdings Inc.	95	9,909
	Energy Conversion Devices Inc.	163	4,448
	ESCO Technologies, Inc. (b)	105	4,346
	Esterline Technologies Corp. (b)	101	5,533
	Expeditors International Washington	362	18,335
	Fanuc Ltd.	75	8,152
	FCC.	14	1,219
	FedEx Corp.	91	9,404
	Finmeccanica SpA.	51	1,513
	Finning International Inc.	48	1,651
	Firstgroup Plc.	96	1,587
	Fletcher Building Ltd.	179	1,637
	Flir Systems Inc.	275	19,082
	Florida Rock Industries Inc.	94	5,915
	Flowserve Corp.	97	7,659
	FLSmidth & Co A/S.	14	1,518
	Fluor Corp.	149	23,542
	Forward Air Corp.	120	3,916
	Foster Wheeler Ltd. (b)	119	17,642
	Fuji Electric Holdings Co Ltd.	299	1,127
	FUJIFILM Holdings Corp.	195	9,296
	Fujikura Ltd.	200	1,279
	Funai Electric Co Ltd.	22	929
	Furukawa Electric Co Ltd.	268	1,278
	Futuris Corp Ltd.	605	1,195
	Gamesa Corp Tecnologica SA.	30	1,521
	Gardner Denver Inc.	215	7,768
	Garmin Ltd.	225	24,165
	General Cable Corp. (b)	216	15,550
	General Dynamics Corp.	110	10,006
	General Electric Co.	3,213	132,244
	General Maritime Corp.	171	4,819
	Genlyte Group Inc.	37	2,409
	Gentex Corp.	290	6,026
	Glory Ltd.	46	1,511
	Go-Ahead Group Plc.	22	1,235
	GrafTech International Ltd.	724	13,684

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Granite Construction Inc.	142	6,080
	Grupo Ferrovial SA.	14	1,218
	Hamamatsu Photonics KK.	39	1,220
	Hankyu Hanshin Holdings Inc.	483	2,256
	Harsco Corp.	143	8,669
	HeidelbergCement AG.	8	1,276
	Heidelberger Druckmaschinen AG.	25	1,024
	Hirose Electric Co Ltd.	14	1,665
	Hitachi Cable Ltd.	202	1,339
	Hitachi Construction Machinery.	35	1,420
	Hitachi Koki Co Ltd.	70	1,241
	Hitachi Ltd.	1,264	8,556
	Hitachi Zosen Corp. (b)	642	1,063
	Hochtief AG.	12	1,646
	Holcim Ltd.	35	3,988
	Honeywell International Inc.	232	14,015
	Hong Kong Aircraft Engineerg.	71	1,796
	Horiba Ltd.	32	1,415
	HOYA CORP.	163	5,891
	Hubbell Inc.	105	5,775
	Ibiden Co Ltd.	56	4,723
	IDEX Corp.	332	11,759
	Ihi Corp.	557	1,323
	Iino Kaiun Kaisha Ltd.	96	1,340
	Imerys SA.	13	1,264
	IMI Plc.	104	1,214
	Ingersoll-Rand Co Ltd.	101	5,085
	Insituform Technologies Inc.	220	3,093
	Intermec Inc.	191	4,855
	Invensys PLC.	161	1,095
	Itron Inc.	125	13,436
	ITT Corp.	307	20,544
	Jacobs Engineering Group, Inc. (b)	199	17,343
	Japan Airport Terminal Co Ltd.	71	1,378
	The Japan Steel Works Ltd.	141	2,271
	JGC Corp.	96	1,901
	JM AB.	41	909
	Joy Global Inc.	186	10,799
	JS Group Corp.	104	1,676
	Kajima Corp.	400	1,408
	Kawasaki Heavy Industries Ltd.	591	2,116
	Kawasaki Kisen Kaisha Ltd.	223	3,056
	Kaydon Corp.	116	6,240
	Keihan Electric Railway Co Ltd.	348	1,387
	Keihin Electric Express Railway	205	1,253
	Keio Corp.	219	1,329
	Keisei Electric Railway Co Ltd.	243	1,331
	Kemet Corp.	693	4,900
	Kennametal Inc.	160	14,594
	Keyence Corp.	14	3,212
	Kinden Corp.	140	1,236
	Kingspan Group Plc.	52	1,239
	Kintetsu Corp.	645	1,957
	Kirby Corp. (b)	88	4,020
	Kitz Corp.	123	1,004

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Komatsu Ltd.	354	11,690
	Komori Corp.	54	1,413
	Kone OYJ.	18	1,488
	Konecranes Oyj.	30	1,343
	Konica Minolta Holdings Inc.	201	3,484
	Koninklijke BAM Groep NV.	43	1,134
	Kubota Corp.	432	3,617
	Kuehne & Nagel International A.	13	1,394
	Kurita Water Industries Ltd.	42	1,391
	Kyocera Corp.	71	5,945
	Kyowa Exeo Corp.	109	970
	L-3 Communications Holdings Inc.	211	23,134
	Lafarge SA.	26	4,227
	Landstar System Inc.	231	9,723
	Leggett & Platt Inc.	362	7,034
	Legrand SA.	36	1,329
	Leighton Holdings Ltd.	49	2,839
	Lincoln Electric Holdings Inc.	168	12,138
	Littelfuse Inc.	86	2,737
	Mabuchi Motor Co Ltd.	20	1,345
	Macquarie Airports.	616	2,513
	Makino Milling Machine Co Ltd.	93	962
	Makita Corp.	55	2,627
	MAN AG.	17	3,037
	The Manitowoc Co Inc.	208	10,246
	Martin Marietta Materials Inc.	72	9,313
	Maruichi Steel Tube Ltd.	47	1,328
	Masco Corp.	101	2,432
	Matsushita Electric Works Ltd.	137	1,509
	Matthews International Corp.	129	5,879
	McDermott International, Inc. (b)	376	22,959
	Meggitt PLC.	198	1,405
	Methode Electronics Inc.	234	2,934
	Metso Oyj.	22	1,337
	Mettler Toledo International Inc.	64	6,806
	Mine Safety Appliances Co.	119	5,449
	Minebea Co Ltd.	229	1,578
	MISUMI Group Inc.	73	1,227
	Mitsubishi Electric Corp.	814	9,849
	Mitsubishi Heavy Industries Lt.	1,274	7,332
	Mitsui Engineering & Shipbuild.	294	1,707
	Mitsui OSK Lines Ltd.	454	7,414
	Mitsumi Electric Co Ltd.	32	1,456
	Molex Inc.	157	4,286
	Monadelphous Group Ltd.	89	1,396
	Moog, Inc. (b)	157	7,246
	Mori Seiki Co Ltd.	38	950
	MTR Corp.	494	1,702
	MTU Aero Engines Holding AG.	18	1,100
	Mueller Industries Inc.	254	9,134
	Mueller Water Products Inc.	356	3,766
	Multiplex Group.	318	1,490
	Murata Manufacturing Co Ltd.	84	5,060
	Nabtesco Corp.	83	1,402
	Nachi-Fujikoshi Corp.	247	1,212

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nagoya Railroad Co Ltd.	424	1,246
	Nankai Electric Railway Co Ltd.	418	1,148
	National Express Group PLC.	53	1,453
	National Instruments Corp.	243	7,883
	NCI Building Systems Inc.	110	4,310
	NEC Corp.	769	3,799
	Neptune Orient Lines Ltd.	335	1,181
	Newport Corp.	189	2,584
	Nexans SA.	7	1,189
	NGK Insulators Ltd.	112	3,932
	Nichias Corp.	123	929
	Nichicon Corp.	79	937
	Nidec Corp.	46	3,449
	Nikon Corp.	132	4,176
	Nippon Chemi-Con Corp.	117	917
	Nippon Electric Glass Co Ltd.	139	2,348
	Nippon Express Co Ltd.	360	1,797
	Nippon Sheet Glass Co Ltd.	253	1,531
	Nippon Yusen KK.	464	4,746
	Nishi-Nippon Railroad Co Ltd.	343	1,246
	Nordson Corp.	127	6,795
	Norfolk Southern Corp.	136	7,024
	Norsk Hydro ASA.	128	1,879
	Northrop Grumman Corp.	104	8,696
	NSK Ltd.	183	1,604
	NTN Corp.	169	1,601
	Obayashi Corp.	273	1,368
	Odakyu Electric Railway Co Ltd.	235	1,640
	OKUMA Corp.	76	1,051
	Old Dominion Freight Line Inc.	173	3,908
	Olympus Corp.	94	3,870
	Omron Corp.	89	2,164
	Orbotech Ltd. (b)	268	5,548
	Orient Overseas International.	104	1,065
	OSG Corp.	88	1,106
	Owens-Illinois Inc.	326	14,481
	Pacer International Inc.	215	3,169
	Pacific Basin Shipping Ltd.	842	1,860
	Packaging Corp of America.	196	6,241
	Pall Corp.	247	9,897
	Panalpina Welttransport Holding.	6	1,130
	Park Electrochemical Corp.	69	2,161
	Parker Hannifin Corp.	307	24,673
	Pentair Inc.	203	7,184
	Power-One Inc.	659	3,737
	Precision Castparts Corp.	68	10,187
	Regal-Beloit Corp.	131	6,424
	Republic Services Inc.	348	11,898
	Rexam PLC.	122	1,376
	Rheinmetall AG.	14	1,239
	Rieter Holding AG.	2	1,159
	Rinnai Corp.	42	1,300
	Rockwell Automation Inc.	60	4,133
	Rockwell Collins Inc.	281	21,022
	Rolls-Royce Group PLC.	320	3,580

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Roper Industries Inc.	150	10,622
	Royal Philips.	202	8,353
	Ryder System Inc.	148	7,082
	Sacyr Vallehermoso SA.	27	1,269
	Safran SA.	49	1,243
	Sagami Railway Co Ltd.	380	1,334
	Saia Inc.	119	1,677
	Sankyu Inc.	249	1,405
	Sanmina-SCI Corp.	1,514	3,346
	Sanwa Holdings Corp.	210	1,103
	Sanyo Electric Co Ltd.	804	1,324
	Schindler Holding AG.	19	1,329
	Schneider Electric SA.	43	5,920
	Seino Holdings Corp.	128	1,091
	SembCorp Industries Ltd.	331	1,350
	SembCorp Marine Ltd.	463	1,421
	Sharp Corp.	414	6,477
	Shima Seiki Manufacturing Ltd.	29	1,483
	Shimizu Corp.	276	1,433
	Siemens AG.	149	20,367
	SIG Plc.	47	1,036
	Sims Group Ltd.	54	1,416
	Singapore Post Ltd.	1,519	1,281
	Skanska AB.	70	1,383
	SMC Corp.	24	3,199
	Snap-On Inc.	242	12,078
	SNC-Lavalin Group Inc.	34	1,760
	Sonoco Products Co.	198	6,122
	Spirit Aerosystems Holdings In.	471	16,353
	ST Engineering.	511	1,342
	Stanley Electric Co Ltd.	70	1,544
	The Stanley Works	168	9,668
	Star Micronics Co Ltd.	42	1,311
	Stericycle Inc.	152	8,866
	STX Pan Ocean Co Ltd.	804	2,045
	Sulzer AG.	1	1,604
	Sumitomo Electric Industries Ltd.	287	4,609
	Sumitomo Heavy Industries Ltd.	229	2,989
	Tadano Ltd.	86	1,072
	Taiheiyo Cement Corp.	360	1,123
	Taisei Corp.	405	1,211
	Taiyo Yuden Co Ltd.	57	935
	Techtronic Industries Co.	1,047	1,123
	Teekay Corp.	115	6,434
	Tektronix Inc.	154	5,829
	Teledyne Technologies Inc.	145	7,585
	Teleflex Inc.	163	11,933
	Tenaris SA.	83	2,214
	Terex Corp. (b)	174	12,914
	Tetra Tech Inc.	342	7,986
	Texas Industries Inc.	114	8,329
	Textron Inc.	121	8,374
	Thales SA.	22	1,371
	THK Co Ltd.	52	1,138
	Thomas & Betts Corp. (b)	99	5,545

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Timken Co.	152	5,056
	Titan Cement Co SA.	24	1,170
	TNT NV.	69	2,822
	Tobu Railway Co Ltd.	325	1,527
	Toda Corp.	228	1,188
	Toho Zinc Co Ltd.	129	1,155
	Tokyo Seimitsu Co Ltd.	37	864
	Tokyu Corp.	401	2,589
	Toll Holdings Ltd.	226	2,802
	Tomkins Plc.	258	1,190
	Toshiba Corp.	1,221	10,212
	Toyo Seikan Kaisha Ltd.	73	1,313
	Toyota Industries Corp.	85	3,610
	Transfield Services Ltd.	128	1,869
	Transpacific Industries Group.	109	1,132
	Transport International Holdings.	231	1,171
	Travis Perkins PLC.	32	968
	Tredegar Corp.	242	4,216
	Trimble Navigation Ltd.	538	22,435
	Trinity Industries Inc.	135	4,879
	Tsubakimoto Chain Co.	171	1,171
	Tyco International Ltd.	160	6,587
	Ulvac Inc.	30	1,165
	Union Pacific Corp.	87	11,139
	United Group Ltd.	78	1,548
	United Technologies Corp.	292	22,364
	URS Corp. (b)	235	14,525
	Ushio Inc.	65	1,330
	UTi Worldwide Inc.	125	3,189
	Vallourec.	9	2,608
	Varian Inc.	126	9,310
	Venture Corp Ltd.	124	1,191
	Vestas Wind Systems A/S (b)	33	2,944
	Vishay Intertechnology Inc.	359	4,520
	Wabtec Corp.	202	7,581
	Wartsila Oyj.	18	1,470
	Washington Group International (b)	119	11,585
	Waste Connections Inc.	286	9,670
	Waste Management Inc.	170	6,186
	Waters Corp.	172	13,241
	The Weir Group Plc	83	1,531
	Werner Enterprises Inc.	310	5,896
	Wesfarmers Ltd.	147	6,016
	Wienerberger AG.	18	1,121
	WorleyParsons Ltd.	74	3,308
	Worthington Industries Inc.	476	11,900
	Yamatake Corp.	41	1,276
	Yamato Holdings Co Ltd.	169	2,477
	Yaskawa Electric Corp.	102	1,358
	YIT OYJ.	39	1,200
	Yokogawa Electric Corp.	91	1,138
	YRC Worldwide, Inc. (b)	398	9,783
	Zardoya Otis SA.	40	1,350
	Zebra Technologies Corp.	117	4,574
	Zodiac SA.	17	1,177
			2,236,382

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
TECHNOLOGY (4.5%)
	ACI Worldwide Inc.	421	9,628
	Actel Corp.	202	2,301
	Activision Inc.	497	11,754
	Adobe Systems, Inc. (b)	251	12,023
	Advanced Micro Devices, Inc. (b)	947	12,387
	Advent Software Inc.	75	4,150
	Affiliated Computer Services Inc.	155	7,852
	Agilysys Inc.	160	2,768
	Altera Corp.	601	11,792
	Amkor Technology Inc.	726	8,226
	Analog Devices Inc.	154	5,153
	Ansys Inc.	352	13,661
	Apple, Inc. (b)	414	78,639
	Applied Materials, Inc.	682	13,244
	ARM Holdings Plc.	414	1,279
	ASM Pacific Technology.	135	1,052
	ASML Holding NV.	72	2,507
	Asyst Technologies Inc.	425	2,040
	ATMI Inc.	146	4,692
	Atos Origin SA. (b)	21	1,277
	Autodesk, Inc. (b)	393	19,218
	Automatic Data Processing Inc.	235	11,647
	Autonomy Corp PLC.	73	1,492
	Avid Technology Inc.	168	4,938
	Axcelis Technologies Inc.	822	3,855
	BEA Systems Inc.	788	13,317
	BMC Software Inc.	345	11,675
	Borland Software Corp.	683	2,992
	Broadcom Corp.	202	6,575
	Brocade Communications Systems.	1,652	15,711
	Brooks Automation Inc.	627	8,138
	Business Objects SA. (b)	27	1,622
	CA Inc.	241	6,374
	Cabot Microelectronics Corp.	99	3,928
	CACI International Inc.	126	6,785
	Canon Inc.	471	23,473
	Cap Gemini SA.	26	1,657
	Cerner Corp.	107	6,373
	CGI Group Inc.	121	1,378
	Ciber Inc.	478	3,724
	Citrix Systems Inc.	307	13,198
	Cognizant Technology Solutions.	488	20,232
	Cognos Inc.	31	1,565
	Computer Sciences Corp. (b)	395	23,064
	Computershare Ltd.	189	1,505
	Compuware Corp.	658	6,580
	Conexant Systems Inc.	4,069	5,208
	CSG Systems International Inc.	260	5,338
	CSK Holdings Corp.	39	1,518
	Dassault Systemes SA.	21	1,314
	Dell Inc.	992	30,355
	DSP Group Inc.	232	3,663

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	DST Systems Inc.	86	7,285
	Dun & Bradstreet Corp.	100	9,685
	Electronic Arts Inc.	132	8,068
	Electronics for Imaging.	373	8,504
	EMC Corp. (b)	1,038	26,355
	Emulex Corp.	600	12,996
	Entegris Inc.	784	7,158
	Factset Research Systems Inc.	75	5,289
	Fidelity National Information.	325	14,989
	Fiserv Inc.	284	15,734
	Formfactor Inc.	183	7,157
	Fujitsu Ltd.	785	6,124
	Global Payments Inc.	134	6,373
	Hewlett-Packard Co.	1,286	66,460
	Hutchinson Technology Inc.	157	3,726
	IBM.	427	49,583
	IKON Office Solutions Inc.	640	8,448
	Imation Corp.	204	4,545
	Indra Sistemas SA.	47	1,363
	Infineon Technologies AG. (b)	132	1,937
	Informatica Corp.	355	6,063
	Intel Corp.	2,783	74,863
	International Rectifier Corp.	121	4,039
	Intersil Corp.	271	8,222
	Intuit Inc.	532	17,114
	Itochu Techno-Solutions Corp.	34	1,205
	Jack Henry & Associates Inc.	581	16,977
	Kla-Tencor Corp.	82	4,317
	Konami Corp.	55	1,616
	Kulicke & Soffa Industries, Inc. (b)	331	2,506
	Lam Research Corp.	229	11,496
	Lattice Semiconductor Corp.	866	3,620
	Lenovo Group Ltd.	1,859	2,094
	Linear Technology Corp.	107	3,533
	LogicaCMG PLC.	395	1,337
	Logitech International SA. (b)	46	1,599
	Marvell Technology Group Ltd.	196	3,534
	Mastercard Inc.	111	21,040
	Maxim Integrated Products Inc.	137	3,713
	MEMC Electronic Materials Inc.	115	8,420
	Micrel Inc.	462	4,181
	Micros Systems Inc.	168	12,066
	Microsemi Corp. (b)	278	7,398
	Microsoft Corp.	3,988	146,798
	Misys PLC.	255	1,282
	National Semiconductor Corp.	436	10,961
	NAVTEQ Corp.	166	12,815
	NCR Corp.	300	8,277
	Neopost SA.	9	1,045
	Network Appliance Inc.	161	5,070
	Nomura Research Institute Ltd.	61	2,141
	Novell Inc.	713	5,390
	Novellus Systems Inc.	258	7,330
	Nvidia Corp.	373	13,197
	Obic Co Ltd.	6	1,200

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	ON Semiconductor Corp.	500	5,100
	Oracle Corp Japan.	28	1,281
	Oracle Corp.	1,935	42,899
	Otsuka Corp.	13	1,241
	Palm Inc.	641	5,782
	Parametric Technology Corp.	784	14,974
	Paychex Inc.	144	6,016
	Perot Systems Corp.	604	8,818
	Photronics Inc.	316	3,457
	Pitney Bowes Inc.	76	3,043
	PMC - Sierra Inc.	1,465	13,200
	QLogic Corp.	402	6,243
	Quantum Corp.	1,401	5,604
	Rambus Inc.	187	3,701
	Red Hat Inc.	327	7,060
	Research In Motion Ltd.	84	10,469
	Ricoh Co Ltd.	279	5,453
	Rohm Co Ltd.	41	3,571
	Sage Group PLC.	265	1,334
	Salesforce.com Inc.	157	8,850
	SanDisk Corp.	99	4,396
	SAP AG.	158	8,586
	SEI Investments Co.	242	7,652
	Seiko Epson Corp.	61	1,425
	Semiconductor Manufacturing Inc.	9,582	1,088
	Semtech Corp.	426	7,289
	Shinko Electric Industries Co.	51	1,160
	Silicon Laboratories Inc.	227	9,920
	Silicon Storage Technology Inc.	794	2,636
	Skyworks Solutions, Inc. (b)	1,096	10,105
	Square Enix Co Ltd.	43	1,409
	SRA International Inc.	175	4,806
	STMicroelectronics NV.	117	1,998
	Sun Microsystems Inc.	1,178	6,726
	Sybase Inc.	628	17,961
	Synopsys Inc.	292	8,252
	Take-Two Interactive Software	386	7,249
	TDK Corp.	50	4,069
	Teradata Corp.	610	17,403
	Teradyne Inc.	483	5,960
	Tessera Technologies Inc.	193	7,371
	Texas Instruments Inc.	712	23,211
	THQ Inc.	271	7,341
	Tokyo Electron Ltd.	63	3,664
	TomTom NV.	19	1,515
	Trident Microsystems Inc.	234	1,762
	TriQuint Semiconductor Inc.	1,142	7,160
	Unisys Corp. (b)	726	4,414
	Varian Semiconductor Equipment.	327	15,049
	VeriFone Holdings Inc.	104	5,141
	Western Digital Corp.	494	12,804
	Wincor Nixdorf AG.	14	1,390
	Wind River Systems Inc.	510	6,380
	Xerox Corp.	406	7,081
	Xilinx Inc.	666	16,250
			1,591,794

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
UTILITIES (2.4%)
	AEM SpA.	372	1,565
	The AES Corp. (b)	281	6,016
	AGL Energy Ltd.	164	1,841
	AGL Resources Inc.	536	21,188
	Algonquin Power Income Fund.	51	472
	Allegheny Energy Inc.	279	16,924
	Allete Inc.	191	8,345
	Alliant Energy Corp.	20	800
	Ameren Corp.	467	25,247
	American Electric Power Co Inc.	128	6,171
	Aqua America Inc.	267	6,210
	Aquila, Inc. (b)	2,646	11,060
	Atmos Energy Corp.	609	17,082
	Avista Corp.	306	6,747
	Babcock & Brown Infrastructure.	865	1,317
	Black Hills Corp.	279	12,393
	British Energy Group PLC.	181	2,006
	Canadian Utilities Ltd.	28	1,611
	Centerpoint Energy Inc.	563	9,436
	Centrica PLC.	649	4,977
	China Resources Power Holdings.	481	1,778
	Chubu Electric Power Co Inc.	280	7,147
	Chugoku Electric Power Co Inc.	111	2,179
	Cleco Corp.	410	10,804
	CLP Holdings Ltd.	618	4,154
	CMS Energy Corp.	449	7,620
	Consolidated Edison Inc.	91	4,285
	Contact Energy Ltd.	175	1,223
	Dominion Resources Inc.	87	7,972
	DPL Inc.	271	7,870
	DTE Energy Co.	359	17,806
	Duke Energy Corp.	409	7,841
	Dynegy, Inc. (b)	811	7,469
	E.ON AG.	122	23,866
	Edison International.	96	5,577
	El Paso Electric Co.	272	6,623
	Electric Power Development Co.	63	2,495
	Electricite de France.	41	4,916
	Enagas.	52	1,476
	Endesa SA.	83	4,323
	Enel SpA.	742	8,882
	Energias de Portugal SA.	401	2,579
	Energy East Corp.	323	9,005
	Entergy Corp.	58	6,952
	Exelon Corp.	224	18,543
	FirstEnergy Corp.	98	6,831
	Fortis Inc.	51	1,524
	Fortum Oyj.	78	3,381
	FPL Group Inc.	121	8,279
	Gas Natural SDG SA.	21	1,291
	Gaz de France SA.	34	1,930
	Great Plains Energy Inc.	182	5,431

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hawaiian Electric Industries Inc.	560	12,992
	Hokkaido Electric Power Co Inc.	76	1,634
	Hokuriku Electric Power Co.	78	1,629
	Hong Kong & China Gas Co.	1,377	3,687
	HongKong Electric Holdings.	496	2,541
	Iberdrola SA.	676	10,877
	Idacorp Inc.	302	10,537
	Integrys Energy Group Inc.	151	8,125
	International Power PLC.	265	2,695
	The Kansai Electric Power Co Inc.	322	7,228
	Kyushu Electric Power Co Inc.	171	4,157
	MDU Resources Group Inc.	336	9,462
	National Grid PLC.	477	7,951
	Nicor Inc.	94	4,067
	NiSource Inc.	554	11,329
	Northeast Utilities.	309	9,526
	Northwest Natural Gas Co.	160	7,707
	NorthWestern Corp.	244	6,730
	NRG Energy Inc.	417	19,040
	NSTAR.	199	6,997
	OGE Energy Corp.	183	7,009
	Osaka Gas Co Ltd.	804	3,115
	Pennon Group PLC.	99	1,291
	Pepco Holdings Inc.	393	11,197
	PG&E Corp.	97	4,746
	Piedmont Natural Gas Co.	486	12,408
	Pinnacle West Capital Corp.	201	8,120
	PNM Resources Inc.	475	11,880
	PPL Corp.	125	6,463
	Progress Energy Inc.	72	3,456
	Public Power Corp SA.	41	1,662
	Public Service Enterprise Grou.	82	7,839
	Puget Energy Inc.	268	7,571
	Red Electrica de Espana.	27	1,515
	Reliant Energy Inc.	767	21,108
	RWE AG.	95	12,749
	SCANA Corp.	210	8,524
	Scottish & Southern Energy PLC.	153	4,951
	Sempra Energy.	65	3,998
	Severn Trent PLC.	48	1,447
	Shikoku Electric Power Co Inc.	91	2,279
	Sierra Pacific Resources.	440	7,423
	Snam Rete Gas SpA.	224	1,449
	Southern Co.	246	9,018
	Southwest Gas Corp.	249	7,410
	Suez SA.	205	13,331
	TECO Energy Inc.	423	7,119
	Terna Rete Elettrica Nazionale.	363	1,421
	Toho Gas Co Ltd.	269	1,387
	Tohoku Electric Power Co Inc.	191	4,023
	The Tokyo Electric Power Co Inc.	513	12,983
	Tokyo Gas Co Ltd.	907	4,017
	TransAlta Corp.	44	1,583
	UGI Corp.	722	19,220
	Union Fenosa SA.	23	1,529

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount		Value ($)
	Unisource Energy Corp.		224	7,105
	United Utilities PLC.		156	2,367
	Vectren Corp.		523	14,665
	Veolia Environnement.		69	6,161
	Verbund.		25	1,651
	Westar Energy Inc.		635	16,904
	WGL Holdings Inc.		338	11,465
	Wisconsin Energy Corp.		237	11,348
	Xcel Energy Inc.		954	21,513
				850,791

Total Common Stocks (Cost $ 15,931,512)				17,489,965

CORPORATE BONDS (9.6%)
BASIC MATERIALS (0.7%)
	E.I. Du Pont De Nemours., 4.88%, 4/30/2014	USD	165,000	160,402
	Weyerhaeuser Co., 6.95%, 8/1/2017	USD	82,000	85,009
				245,411

COMMUNICATIONS (0.3%)
	Sprint Capital Corp., 8.38%, 3/15/2012	USD	86,000	93,925
				93,925

CONSUMER GOODS (2.0%)
	Anheuser-Busch Cos Inc., 5.05%, 10/15/2016	USD	82,000	79,587
	Bottling Group Llc., 4.63%, 11/15/2012	USD	58,000	57,090
	Coca-Cola Enterprises., 8.50%, 2/1/2022	USD	82,000	103,340
	Conagra Foods Inc., 6.75%, 9/15/2011	USD	82,000	86,096
	Kimberly-Clark Corp., 5.00%, 8/15/2013	USD	55,000	54,443
	Kohls Corporation., 6.00%, 1/15/2033	USD	78,000	70,516
	Macys Retail Hldgs Inc., 5.75%, 7/15/2014	USD	82,000	79,340
	Procter & Gamble Co., 4.95%, 8/15/2014	USD	53,000	52,565
	Target Corp., 5.88%, 3/1/2012	USD	44,000	45,321
	Wal-Mart Stores., 4.55%, 5/1/2013	USD	87,000	84,956
				713,254

ENERGY (0.3%)
	Kinder Morgan Energy Partners, 7.75%, 3/15/2032	USD	82,000	91,515
				91,515

FINANCIAL (4.2%)
	Allstate Corp., 7.20%, 12/1/2009	USD	44,000	45,960
	American General Finance., 5.38%, 10/1/2012	USD	151,000	149,455
	Berkley (WR) Corporation., 6.15%, 8/15/2019	USD	55,000	54,752
	Citigroup Inc., 6.63%, 1/15/2028	USD	33,000	34,583
	Comerica Bank., 5.20%, 8/22/2017	USD	160,000	150,951
	Conocophillips Canada., 5.63%, 10/15/2016	USD	156,000	158,791
	Countrywide Finl Corp., 6.25%, 5/15/2016	USD	146,000	116,203
	John Hancock Global Funding Ltd., 7.90%, 7/2/2010 †	USD	83,000	89,012
	JPMC Capital XVIII., 6.95%, 8/17/2036	USD	115,000	113,462
	Lehman Brothers Holdings., 6.63%, 1/18/2012	USD	55,000	56,742

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount		Value ($)
	Merrill Lynch & Co., 6.05%, 5/16/2016	USD	45,000	44,615
	Morgan Stanley., 6.75%, 4/15/2011	USD	109,000	113,901
	Prudential Financial Inc., 5.10%, 9/20/2014	USD	165,000	159,353
	US Bank NA., 6.38%, 8/1/2011	USD	55,000	57,316
	Wachovia Bank NA., 7.80%, 8/18/2010	USD	87,000	93,244
	Wells Fargo & Co., 4.63%, 8/9/2010	USD	37,000	36,643
				1,474,983

HEALTH CARE (0.2%)
	Wyeth., 5.50%, 2/1/2014	USD	54,000	54,149
				54,149

INDUSTRIAL (0.9%)
	Boeing Co., 6.13%, 2/15/2033	USD	43,000	44,431
	Burlington North Santa Fe, 7.00%, 12/15/2025	USD	82,000	88,604
	Norfolk Southern Corp., 6.20%, 4/15/2009	USD	192,000	194,796
				327,831

TECHNOLOGY (0.2%)
	IBM Corp., 8.38%, 11/1/2019	USD	44,000	54,209
				54,209

UTILITIES (1.0%)
	Duke Energy Carolinas., 6.25%, 1/15/2012	USD	44,000	45,714
	Exelon Corporation., 4.90%, 6/15/2015	USD	82,000	76,934
	Florida Power & Light., 5.95%, 10/1/2033	USD	150,000	149,833
	Southern Power Co., 4.88%, 7/15/2015	USD	82,000	77,978
				350,459

Total Corporate Bonds (Cost $ 3,470,459)				3,405,736

U.S. Government Agency Pass-Through Securities (10.0%)
FREDDIE MAC (2.4%)
	4.00%, 6/1/2018, Pool #E01401	USD	122,163	115,881
	5.00%, 8/1/2033, Pool #A12886	USD	143,312	137,930
	5.50%, 8/1/2033, Pool #A11851	USD	154,225	152,270
	5.50%, 10/1/2034, Pool #A27526	USD	138,091	136,312
	5.50%, 11/1/2035, Pool #A47728	USD	152,997	150,790
	6.00%, 7/1/2034, Pool #A24370	USD	121,055	122,104
	6.50%, 12/1/2033, Pool #A16523	USD	30,896	31,791
				847,078

FANNIE MAE (7.2%)
	4.41%, 10/1/2035, Pool #836206	USD	144,923	143,498
	4.50%, 1/1/2019, Pool #735057	USD	73,242	71,049
	4.50%, 9/1/2020, Pool #839289	USD	76,242	73,775
	5.00%, 5/1/2018, Pool #703444	USD	54,533	53,691
	5.00%, 1/1/2019, Pool #255077	USD	241,661	238,731
	5.00%, 12/1/2019, Pool #745369	USD	45,769	45,214
	5.00%, 6/1/2020, Pool #839333	USD	83,088	81,804
	5.00%, 12/1/2026, Pool #256570	USD	82,487	80,017

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount		Value ($)
	5.00%, 5/1/2034, Pool #768230	USD	117,196	112,486
	5.00%, 7/1/2034, Pool #255268	USD	141,526	136,171
	5.50%, 8/1/2017, Pool #826283	USD	41,995	42,253
	5.50%, 3/1/2020, Pool #735405	USD	57,460	57,559
	5.50%, 12/1/2020, Pool #850811	USD	223,680	224,068
	5.50%, 6/1/2033, Pool #702459	USD	148,412	146,250
	5.50%, 9/1/2033, Pool #254869	USD	124,610	123,144
	5.50%, 4/1/2034, Pool #725424	USD	100,724	99,257
	5.50%, 1/1/2035, Pool #808374	USD	155,411	153,148
	6.00%, 6/1/2017, Pool #555004	USD	4,980	5,074
	6.00%, 1/1/2018, Pool #677483	USD	59,162	60,199
	6.00%, 10/1/2032, Pool #667994	USD	168,627	170,638
	6.00%, 9/1/2033, Pool #736937	USD	65,163	65,648
	6.00%, 8/1/2034, Pool #725690	USD	61,286	61,741
	6.00%, 4/1/2035, Pool #735503	USD	65,347	66,068
	6.50%, 9/1/2034, Pool #783390	USD	77,108	78,925
	6.50%, 4/1/2036, Pool #851187	USD	44,711	45,765
	7.00%, 4/1/2034, Pool #780703	USD	96,083	100,093
				2,536,266

GNMA (0.5%)
	5.50%, 4/15/2033, Pool #603566	USD	57,325	57,046
	5.50%, 4/15/2034, Pool #626116	USD	38,306	38,102
	6.00%, 9/20/2034, Pool #2 3611	USD	63,628	64,343
				159,491

Total U.S. Government Agency Pass-Through Securities (Cost $ 3,526,095)				3,542,835

U.S. Government Agency Securities (3.5%)
FANNIE MAE (1.0%)
	4.50%, 10/15/2008	USD	170,000	170,525
	6.63%, 9/15/2009	USD	165,000	171,707
				342,232

FREDDIE MAC (2.0%)
	4.75%, 1/18/2011,	USD	120,000	121,140
	4.75%, 1/19/2016,	USD	480,000	476,965
	6.25%, 7/15/2032,	USD	105,000	119,908
				718,013

FEDERAL HOME LOAN BANK (0.5%)
	4.63%, 11/21/2008	USD	170,000	170,264
				170,264

Total U.S. Government Agency Securities (Cost $ 1,219,158)				1,230,509

U.S. Treasury Obligations (5.3%)
U.S. TREASURY BONDS (1.4%)
	5.25%, 11/15/2028	USD	404,000	428,556
	6.00%, 2/15/2026	USD	45,000	51,525
				480,081

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2020 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount		Value ($)
U.S. TREASURY NOTES (3.9%)
	4.00%, 6/15/2009	USD	469,000	469,330
	4.00%, 4/15/2010	USD	271,000	271,423
	4.00%, 2/15/2015	USD	24,000	23,501
	4.25%, 8/15/2015	USD	56,000	55,580
	4.88%, 2/15/2012	USD	206,000	212,470
	5.00%, 2/15/2011	USD	232,000	239,540
	5.63%, 5/15/2008	USD	110,000	110,851
				1,382,695

Total U.S. Treasury Obligations (Cost $ 1,830,413)				1,862,776

Foreign Government Agency Securities (9.7%)
BELGIUM (0.4%)
	Belgian Government Bond, 5.50%, 9/28/2017	EUR	99,000	156,155

SPANISH (0.5%)
	Bonos Y Obligaciόn Del Estado (Spanish Government Bond), 5.50%, 7/30/2017	EUR	110,000	173,492

GERMANY (1.3%)
	Bundesobligation (German Government Bond), 4.00%, 4/13/2012	EUR	325,000	467,874

ITALY (1.2%)
	Buoni Poliennali Del Tesoro (Italian Government Bond), 5.25%, 8/01/2017	EUR	281,000	431,697

FRANCE (1.1%)
	France O.A.T (French Government Bond), 3.75%, 4/25/2017	EUR	268,000	370,899

JAPAN (4.0%)
	Japan Government Bond, 1.50%, 6/20/2012	JPY	159,000,000	1,405,060

NETHERLANDS (0.4%)
	Netherlands Government Bond, 4.00%, 7/15/2016	EUR	110,000	155,907

UNITED KINGDOM (0.8%)
	United Kingdom Treasury Bond, 4.00%, 9/07/2016	GBP	141,000	273,916

Total Foreign Government Agency Securities (Cost $ 3,253,750)				3,435,000

Investment Companies (11.6%)
	American Beacon Money Market Fund		1,539,767	1,539,767
	BLDRS Emerging Markets 50 ADR Equity Fund		7,895	473,462
	Dreyfus Cash Management Plus		201,884	201,884
	iShares MSCI Emerging Markets Equity Fund		8,534	1,425,263
	Vanguard Emerging Markets Equity Fund		3,830	447,421
Total Investment Companies (Cost $ 3,563,075)				4,087,797


Total Investments (Cost $ 32,794,462) (a) – 99.30%				35,054,618

Other assets in excess of liabilities – 0.7%				245,661

NET ASSETS – 100.00%				35,300,279

(a)	See notes to financial statements for tax unrealized appreciation/(depreciation) of securities
(b)	Non-income producing security.
† -	Represents a restricted security purchase under rule 144A which is exempt from registration under the Securities Act of 1933, as amended.
	These securities have been determined to be liquid by procedures approved by the Board of Trustees.

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
COMMON STOCKS (67.3%)
BASIC MATERIALS (3.9%)
Acerinox SA.	42	1,239
Agnico-Eagle Mines Ltd.	26	1,486
Agrium Inc.	26	1,651
Air Products & Chemicals Inc.	64	6,262
Air Water Inc.	91	1,022
Airgas Inc.	275	13,879
AK Steel Holding Corp. (b)	427	21,406
Akzo Nobel NV.	42	3,378
Albemarle Corp.	136	6,495
Alcan Inc.	53	5,329
Alcoa Inc.	283	11,204
Allegheny Technologies Inc.	138	14,099
Alumina Ltd.	388	2,411
Antofagasta PLC.	74	1,289
Arcelormittal.	119	9,548
Arkema.	17	1,156
Asahi Kasei Corp.	465	3,531
Ashland Inc.	111	6,518
Barrick Gold Corp.	134	5,957
BASF AG.	77	10,680
Bayer AG.	118	9,837
BHP Billiton Ltd.	1,116	47,921
BHP Billiton PLC.	367	13,975
BlueScope Steel Ltd.	242	2,389
Cabot Corp.	115	4,026
Cameco Corp.	51	2,513
Carpenter Technology Corp.	106	15,360
Celanese Corp.	279	11,707
Chemtura Corp.	462	4,306
Ciba Specialty Chemicals AG.	18	894
Clariant AG.	70	894
Cleveland-Cliffs Inc.	166	15,878
Cytec Industries Inc.	167	11,141
Daicel Chemical Industries Ltd.	163	1,191
Daido Steel Co Ltd.	150	1,013
Dainippon Ink and Chemicals In.	278	1,323
Denki Kagaku Kogyo K K.	218	1,274
Domtar Corp. (b)	1,181	10,133
Dow Chemical Co/The.	248	11,170
DOWA HOLDINGS CO LTD.	101	1,167
Eastman Chemical Co.	166	11,054

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Ecolab Inc.	252	11,887
	EI Du Pont de Nemours & Co.	238	11,783
	Ferro Corp.	240	4,973
	First Quantum Minerals Ltd.	12	1,292
	FMC Corp.	294	16,905
	FNX Mining Co Inc.	36	1,454
	Fortescue Metals Group Ltd.	39	1,816
	Georgia Gulf Corp.	198	2,396
	Givaudan SA.	1	982
	Goldcorp Inc.	109	3,834
	HB Fuller Co.	343	10,094
	Hercules Inc.	660	12,415
	Hitachi Chemical Co Ltd.	51	1,242
	Hitachi Metals Ltd.	90	1,159
	Hokuetsu Paper Mills Ltd.	208	984
	HudBay Minerals Inc.	45	1,297
	Huntsman Corp.	178	4,690
	Iamgold Corp.	132	1,157
	Iluka Resources Ltd.	214	871
	Imperial Chemical Industries P.	174	2,385
	Inmet Mining Corp.	13	1,390
	International Flavors & Fragra.	165	8,615
	International Paper Co.	140	5,174
	Ivanhoe Mines Ltd/CA.	76	1,045
	JFE Holdings Inc.	203	11,771
	Johnson Matthey PLC.	34	1,262
	JSR Corp.	71	1,828
	Jubilee Mines NL.	81	1,774
	K+S AG.	7	1,463
	Kagara Zinc Ltd.	196	1,214
	Kaneka Corp.	133	1,174
	Kansai Paint Co Ltd.	126	942
	Kazakhmys PLC.	42	1,287
	Kingboard Chemical Holdings Lt.	196	1,277
	Kinross Gold Corp.	91	1,799
	Kobe Steel Ltd.	1,033	3,680
	Koninklijke DSM NV.	31	1,757
	Lanxess AG.	20	991
	Lee & Man Paper Manufacturing.	253	1,002
	Lihir Gold Ltd. (b)	607	2,335
	Linde AG.	19	2,405
	Lonmin Plc.	15	1,072
	Lonza Group AG.	11	1,281
	Louisiana-Pacific Corp.	200	3,292
	Lubrizol Corp.	140	9,503
	Lundin Mining Corp.	85	1,152
	MeadWestvaco Corp.	359	12,077
	Minara Resources Ltd.	201	1,217
	Minerals Technologies Inc.	78	5,477
	Mitsubishi Chemical Holdings C.	457	3,751
	Mitsubishi Gas Chemical Co Inc.	154	1,524

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Mitsubishi Materials Corp.	416	2,405
	Mitsui Chemicals Inc.	261	2,427
	Mitsui Mining & Smelting Co Lt.	225	940
	Monsanto Co.	231	22,553
	Neenah Paper Inc.	62	2,108
	Newcrest Mining Ltd.	110	3,320
	Newmont Mining Corp.	182	9,257
	Nine Dragons Paper Holdings Lt.	387	1,036
	Nippon Kayaku Co Ltd.	125	1,003
	Nippon Light Metal Co Ltd.	420	859
	Nippon Paint Co Ltd.	216	1,196
	Nippon Shokubai Co Ltd.	123	1,209
	Nippon Steel Corp.	2,211	14,545
	Nippon Yakin Kogyo Co Ltd.	92	868
	Nissan Chemical Industries Ltd.	87	1,190
	Nisshin Steel Co Ltd.	282	1,071
	Nitto Denko Corp.	55	2,665
	Norske Skogindustrier ASA.	77	847
	Nova Chemicals Corp.	29	1,053
	Nufarm Ltd.	97	1,409
	OJI Paper Co Ltd.	336	1,532
	Olin Corp.	374	8,520
	OneSteel Ltd.	378	2,422
	Orica Ltd.	104	2,994
	OSAKA Titanium Technologies Co.	13	1,126
	Outokumpu OYJ.	35	1,305
	Oxiana Ltd.	507	1,983
	Pacific Metals Co Ltd.	62	771
	Paladin Energy Ltd.	177	1,350
	PaperlinX Ltd.	398	1,023
	Plum Creek Timber Co Inc.	353	15,769
	Potash Corp of Saskatchewan.	45	5,601
	PPG Industries Inc.	48	3,588
	Praxair Inc.	139	11,882
	Rautaruukki OYJ.	16	915
	Rayonier Inc.	152	7,340
	Reliance Steel & Aluminum Co.	121	7,060
	Rengo Co Ltd.	197	1,414
	Rio Tinto Ltd.	108	11,066
	Rio Tinto PLC.	156	14,567
	Rohm & Haas Co.	328	17,017
	RPM International Inc.	677	14,508
	RTI International Metals Inc. (b)	93	7,271
	Salzgitter AG.	6	1,180
	Schulman A Inc.	142	3,353
	Sensient Technologies Corp.	266	7,951
	SGL Carbon AG. (b)	21	1,233
	Shin-Etsu Chemical Co Ltd.	135	8,589
	Showa Denko KK.	392	1,526
	Sigma-Aldrich Corp.	162	8,371
	Smurfit-Stone Container Corp.	503	6,091

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Solvay SA.	9	1,368
Southern Copper Corp.	21	2,934
Ssab Svenskt Stal AB.	30	973
Steel Dynamics Inc.	185	9,846
Stillwater Mining Co.	272	3,027
Stora Enso Oyj.	89	1,632
Sumitomo Bakelite Co Ltd.	152	924
Sumitomo Chemical Co Ltd.	550	4,858
Sumitomo Forestry Co Ltd.	118	877
Sumitomo Metal Industries Ltd.	1,463	7,139
Sumitomo Metal Mining Co Ltd.	192	4,227
Syngenta AG.	15	3,603
Taiyo Nippon Sanso Corp.	128	1,135
Teck Cominco Ltd.	66	3,305
Temple-Inland Inc.	155	8,319
ThyssenKrupp AG.	60	3,986
Titanium Metals Corp.	135	4,752
Tokai Carbon Co Ltd.	99	1,229
Tokuyama Corp.	86	1,190
Tokyo Steel Manufacturing Co L.	66	908
Tosoh Corp.	199	1,261
Ube Industries Ltd/Japan.	361	1,286
Umicore.	5	1,246
United States Steel Corp.	234	25,249
UPM-Kymmene Oyj.	82	1,835
Uranium One Inc.	94	1,044
USEC Inc. (b)	274	2,411
Valspar Corp.	537	13,441
Vedanta Resources PLC.	30	1,373
Voestalpine AG.	17	1,528
Vulcan Materials Co.	121	10,347
Wacker Chemie AG.	4	975
Wausau Paper Corp.	287	2,873
Weyerhaeuser Co.	71	5,390
Xstrata PLC.	97	6,954
Yamana Gold Inc.	99	1,492
Yamato Kogyo Co Ltd.	23	1,061
Yara International ASA.	40	1,548
Zeon Corp.	103	964
Zinifex Ltd.	163	2,528
		898,159

COMMUNICATIONS (6.6%)
3Com Corp.	696	3,396
Adaptec Inc.	594	2,097
Akamai Technologies Inc.	270	10,581
Alcatel-Lucent.	358	3,474
Alltel Corp.	113	8,040
Amazon.Com Inc.	126	11,233
American Tower Corp. (b)	180	7,952
Andrew Corp.	311	4,559

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Anixter International Inc. (b)	131	9,412
	APN News & Media Ltd.	222	1,108
	Ariba Inc.	436	5,642
	AT&T Inc.	1,609	67,240
	BCE Inc.	126	5,501
	Belgacom SA.	27	1,290
	Belo Corp.	174	3,219
	Black Box Corp.	101	4,038
	British Sky Broadcasting Group.	167	2,363
	BT Group PLC.	1,339	9,078
	Cable & Wireless PLC.	382	1,548
	Cablevision Systems Corp. (b)	332	9,738
	CBS Corp.	145	4,162
	C-COR Inc.	256	3,139
	CenturyTel Inc.	210	9,251
	Charter Communications Inc.	1,537	3,182
	Check Point Software Technolog.	327	8,260
	Checkfree Corp.	121	5,751
	China Mobile Ltd.	1,386	28,077
	China Netcom Group Corp Hong K.	649	1,976
	China Unicom Ltd.	1,985	4,769
	Ciena Corp.	337	16,129
	Cincinnati Bell Inc. (b)	1,410	7,642
	Cisco Systems Inc.	2,578	85,229
	Citizens Communications Co.	671	8,830
	Clear Channel Communications I.	146	5,514
	CNET Networks Inc.	849	6,860
	Comcast Corp. (b)	824	17,345
	Comcast Corp. (b)	460	9,600
	CommScope Inc.	248	11,698
	Corning Inc.	668	16,212
	Cosmote Mobile Telecommunicati.	36	1,242
	Crown Castle International Cor.	416	17,085
	CTC Media Inc.	36	903
	Daily Mail & General Trust.	75	956
	Deutsche Telekom AG.	465	9,536
	Digital River Inc.	166	8,808
	DIRECTV Group Inc/The. (b)	270	7,150
	Discovery Holding Co.	765	21,810
	Earthlink Inc.	687	5,434
	eBay Inc.	498	17,978
	EchoStar Communications Corp. (b)	296	14,492
	Elisa OYJ.	38	1,127
	Emap PLC.	64	1,167
	Embarq Corp.	298	15,770
	Entercom Communications Corp.	150	2,783
	Equinix Inc.	107	12,483
	Ericsson.	2,297	6,871
	Expedia Inc.	444	14,501
	Extreme Networks.	702	3,075
	F5 Networks Inc.	328	11,818

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Fairfax Media Ltd.	442	1,951
	Foxconn International Holdings.	621	1,715
	France Telecom SA.	273	10,067
	Gannett Co Inc.	74	3,138
	Gestevision Telecinco SA.	40	1,150
	GN Store Nord.	91	968
	Google Inc.	97	68,579
	Hakuhodo DY Holdings Inc.	17	1,230
	Harmonic Inc.	447	5,507
	Harris Corp.	201	12,173
	Harte-Hanks Inc.	298	5,254
	Hellenic Telecommunications Or.	47	1,719
	HLTH Corp.	286	4,035
	Hutchison Telecommunications I.	873	1,239
	Idearc Inc.	285	7,689
	IDT Corp.	311	2,497
	Informa PLC.	101	1,124
	Infospace Inc.	136	2,629
	Inmarsat PLC.	131	1,398
	InterDigital Inc.	137	2,944
	Interpublic Group of Cos Inc. (b)	956	9,895
	Interwoven Inc.	224	3,179
	ITV PLC.	525	1,082
	j2 Global Communications Inc.	199	6,704
	JDS Uniphase Corp.	350	5,341
	John Wiley & Sons Inc.	190	8,356
	Juniper Networks Inc.	228	8,208
	Jupiter Telecommunications Co.	1	798
	KDDI Corp.	1	7,515
	Lagardere SCA.	19	1,605
	Lamar Advertising Co.	120	6,415
	Leap Wireless International In.	82	5,847
	Lee Enterprises Inc.	225	3,611
	Liberty Global Inc.	537	19,697
	Liberty Global Inc.	291	11,422
	Liberty Media Corp - Capital.	56	6,999
	Liberty Media Corp - Interacti.	267	5,668
	Manitoba Telecom Services Inc.	25	1,244
	Matsui Securities Co Ltd.	130	1,020
	McClatchy Co.	324	5,375
	McGraw-Hill Cos Inc/The.	146	7,306
	Media General Inc.	122	3,414
	Mediaset SpA.	111	1,149
	Meredith Corp.	159	9,898
	Mobistar SA.	14	1,266
	Modern Times Group AB.	18	1,265
	Motorola Inc.	983	18,471
	MRV Communications Inc.	607	1,724
	NetFlix Inc.	227	6,009
	NeuStar Inc.	129	4,412
	New York Times Co/The.	284	5,555

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	News Corp.	804	17,423
	News Corp.	190	4,357
	NII Holdings Inc.	249	14,442
	Nokia OYJ.	608	24,084
	NTT Corp.	2	9,153
	NTT DoCoMo Inc.	6	8,633
	NutriSystem Inc.	131	3,943
	Oki Electric Industry Co Ltd.	565	955
	Openwave Systems Inc.	414	1,639
	PagesJaunes Groupe SA.	54	1,192
	PCCW Ltd.	1,760	1,131
	Pearson PLC.	125	2,073
	Plantronics Inc.	265	7,248
	Polycom Inc.	145	4,057
	Portugal Telecom SGPS SA.	144	1,929
	priceline.com Inc.	140	13,034
	ProSiebenSat.1 Media AG.	30	883
	PT Multimedia Servicos de Tele.	25	345
	Publicis Groupe.	25	1,015
	Publishing & Broadcasting Ltd.	145	2,812
	Qualcomm Inc.	687	29,356
	Qwest Communications Internati. (b)	662	4,753
	Radio One Inc.	414	1,445
	Rakuten Inc.	4	1,942
	RCN Corp.	153	2,234
	RealNetworks Inc.	613	4,450
	Reed Elsevier NV.	96	1,856
	Reed Elsevier PLC.	197	2,573
	Reuters Group PLC.	195	2,677
	RF Micro Devices Inc.	1,088	6,767
	RH Donnelley Corp. (b)	118	6,472
	Rogers Communications Inc.	73	3,720
	Royal KPN NV.	281	5,299
	S1 Corp.	331	2,787
	Sanoma-WSOY Oyj.	34	981
	SAVVIS Inc.	114	4,307
	SBA Communications Corp.	394	14,026
	SBI E*trade Securities Co Ltd.	1	1,057
	SBI Holdings Inc/Japan.	4	1,252
	Scholastic Corp.	193	7,639
	Seat Pagine Gialle SpA.	1,948	1,131
	Seek Ltd.	151	1,307
	SES.	55	1,357
	Seven Network Ltd.	113	1,438
	Shaw Communications Inc.	60	1,675
	Sinclair Broadcast Group Inc.	282	3,395
	Singapore Press Holdings Ltd.	524	1,659
	SingTel.	1,760	4,963
	Sirius Satellite Radio Inc.	2,191	7,362
	Societe Television Francaise 1.	32	885
	Softbank Corp.	238	5,508

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	SonicWALL Inc.	368	3,805
	Sprint Nextel Corp.	724	12,380
	Swisscom AG.	3	1,109
	Sycamore Networks Inc.	1,093	4,667
	Symantec Corp.	394	7,399
	Tandberg ASA.	47	1,195
	Tekelec.	383	5,056
	Tele2 AB.	62	1,459
	Telecom Corp of New Zealand Lt.	586	1,961
	Telecom Italia SpA.	1,700	5,337
	Telecom Italia SpA.	933	2,411
	Telefonica SA.	669	22,082
	Telekom Austria AG.	52	1,491
	Telenor ASA.	120	2,817
	Telephone & Data Systems Inc.	81	5,654
	Telephone & Data Systems Inc.	81	5,334
	Television Broadcasts Ltd.	159	1,024
	TeliaSonera AB.	286	2,814
	Tellabs Inc.	790	6,960
	Telstra Corp Ltd.	1,203	5,244
	TELUS Corp.	27	1,642
	TELUS Corp.	25	1,455
	Tencent Holdings Ltd.	245	2,077
	Thomson Corp/The.	29	1,370
	TIBCO Software Inc.	1,151	10,566
	Time Warner Inc.	1,593	29,088
	Time Warner Telecom Inc.	229	5,322
	Trend Micro Inc.	35	1,550
	Tribune Co.	155	4,690
	Trinity Mirror Plc.	105	877
	United Internet AG.	61	1,334
	United Online Inc.	366	6,442
	US Cellular Corp.	27	2,542
	Valueclick Inc.	402	10,930
	Valuevision Media Inc.	258	1,334
	Verizon Communications Inc.	760	35,013
	Viacom Inc.	251	10,364
	Vignette Corp.	165	2,845
	Virgin Media Inc.	449	9,927
	Vivendi.	179	8,058
	Vodafone Group PLC.	8,179	32,148
	VTech Holdings Ltd.	121	1,024
	Walt Disney Co/The.	751	26,007
	Washington Post Co/The.	10	8,490
	Websense Inc.	179	3,294
	West Australian Newspapers Hol.	89	1,153
	Westwood One Inc.	573	1,226
	Windstream Corp.	938	12,616
	Wolters Kluwer NV.	48	1,504
	WPP Group PLC.	190	2,594
	XM Satellite Radio Holdings In.	513	6,813

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Yahoo! Inc.	537	16,701
Yahoo! Japan Corp.	5	2,215
Yell Group PLC.	121	1,145
Yellow Pages Income Fund.	87	1,317
		1,540,072

CONSUMER GOODS (0.9%)
PepsiCo Inc.	705	51,973
Procter & Gamble Co.	1,323	91,975
Toyota Motor Corp.	1,006	57,286
		201,234

CONSUMER, CYCLICAL (6.9%)
99 Cents Only Stores.	332	3,569
Abercrombie & Fitch Co.	138	10,930
Accor SA.	32	3,053
Adidas AG.	32	2,126
Aeon Co Ltd.	266	4,159
Aeropostale Inc.	312	7,145
Air France-KLM.	30	1,140
Aisin Seiki Co Ltd.	69	2,811
Alaska Air Group Inc. (b)	220	5,588
Alimentation Couche Tard Inc.	56	1,217
All Nippon Airways Co Ltd.	289	1,110
American Axle & Manufacturing.	243	6,673
AMR Corp. (b)	459	11,016
AnnTaylor Stores Corp.	120	3,719
Aoyama Trading Co Ltd.	38	986
Applebees International Inc.	458	11,606
Arcandor AG. (b)	35	1,122
Aristocrat Leisure Ltd.	156	1,511
ArvinMeritor Inc.	402	5,962
Asics Corp.	80	1,265
Autozone Inc.	71	8,833
Barratt Developments PLC.	57	773
Bayerische Motoren Werke AG.	50	3,339
Bayerische Motoren Werke AG.	21	1,181
Beazer Homes USA Inc.	159	1,786
Bed Bath & Beyond Inc.	121	4,107
Bellway PLC.	43	961
Berkeley Group Holdings PLC.	33	1,169
Best Buy Co Inc.	169	8,200
Big Lots Inc. (b)	216	5,180
Billabong International Ltd.	78	1,092
BJ's Wholesale Club Inc.	125	4,485
Blockbuster Inc. (b)	617	3,245
Bob Evans Farms Inc.	208	5,861
Borders Group Inc.	340	5,243
BorgWarner Inc.	92	9,725
Bosch Corp.	208	1,080

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Boyd Gaming Corp.	91	3,806
	Bridgestone Corp.	237	5,207
	Brightpoint Inc.	309	5,006
	Brinker International Inc.	214	5,433
	British Airways PLC. (b)	135	1,250
	Brunswick Corp/DE.	184	4,105
	Burberry Group PLC.	84	1,074
	Callaway Golf Co.	389	6,737
	Canadian Tire Corp Ltd.	14	1,288
	Canon Marketing Japan Inc.	60	1,173
	Carmax Inc.	361	7,534
	Carnival Corp.	107	5,134
	Carnival PLC.	27	1,261
	Carphone Warehouse Group PLC.	150	1,093
	Casey's General Stores Inc.	302	8,607
	Cathay Pacific Airways Ltd.	415	1,229
	Cato Corp/The.	216	4,337
	Charming Shoppes Inc. (b)	690	5,120
	Cheesecake Factory/The.	270	6,056
	China Travel International Inv.	1,629	1,293
	Choice Hotels International In.	63	2,441
	Christopher & Banks Corp.	223	3,060
	Circuit City Stores Inc.	344	2,728
	Citizen Holdings Co Ltd.	126	1,353
	Coach Inc.	164	5,996
	Coldwater Creek Inc.	83	743
	Coles Group Ltd.	348	5,225
	Compagnie Financiere Richemont.	81	5,779
	Compass Group PLC.	309	2,223
	Continental AG.	23	3,474
	Continental Airlines Inc.	196	6,733
	Cooper Tire & Rubber Co.	350	7,798
	Costco Wholesale Corp.	194	13,048
	CROCS Inc.	310	23,173
	CVS Caremark Corp.	611	25,521
	Daihatsu Motor Co Ltd.	107	1,128
	Daimler AG.	149	16,522
	Daiwa House Industry Co Ltd.	199	2,818
	David Jones Ltd.	221	1,017
	Delta Air Lines Inc.	379	7,883
	Denso Corp.	174	7,013
	Denway Motors Ltd.	2,321	1,617
	Deutsche Lufthansa AG.	39	1,153
	Dick's Sporting Goods Inc.	300	10,011
	Dillard's Inc.	374	8,613
	DR Horton Inc.	536	6,802
	Dress Barn Inc.	280	4,589
	DSG International PLC.	343	924
	Esprit Holdings Ltd.	344	5,681
	Ethan Allen Interiors Inc.	174	5,370
	Family Dollar Stores Inc.	280	7,098

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	FamilyMart Co Ltd.	42	1,223
	Fast Retailing Co Ltd.	26	1,492
	Fastenal Co.	205	9,118
	Fiat SpA.	108	3,485
	Foot Locker Inc.	313	4,661
	Ford Motor Co. (b)	785	6,963
	Fred's Inc.	244	2,586
	Fuji Heavy Industries Ltd.	233	1,204
	Furniture Brands International.	253	3,049
	Futaba Industrial Co Ltd.	44	1,228
	Galaxy Entertainment Group Ltd. (b)	1,070	1,162
	GameStop Corp.	213	12,614
	Gaylord Entertainment Co. (b)	167	9,098
	General Motors Corp.	157	6,153
	Genesco Inc.	92	4,250
	Genuine Parts Co.	338	16,586
	Georg Fischer AG.	1	750
	Gildan Activewear Inc.	32	1,465
	GKN PLC.	139	1,060
	GOME Electrical Appliances Hol.	674	1,504
	Grafton Group PLC.	79	883
	Group 1 Automotive Inc.	150	4,658
	Guess ? Inc.	74	3,803
	Gunze Ltd.	199	956
	Gymboree Corp.	124	4,220
	H2O Retailing Corp.	113	939
	Hagemeyer NV.	205	1,393
	Harman International Industrie.	91	7,662
	Harvey Norman Holdings Ltd.	294	1,857
	Hasbro Inc.	278	8,298
	Haseko Corp.	409	975
	Hennes & Mauritz AB.	76	5,061
	Herman Miller Inc.	75	2,042
	Hermes International.	12	1,578
	Hino Motors Ltd.	155	1,111
	Hitachi High-Technologies Corp.	45	1,006
	Home Depot Inc.	396	12,478
	Home Retail Group PLC.	136	1,233
	Honda Motor Co Ltd.	608	22,660
	Hongkong & Shanghai Hotels/The.	649	1,196
	HOT Topic Inc.	218	1,670
	Iberia Lineas Aereas de Espana.	230	1,166
	Ihop Corp.	69	4,370
	Inchcape Plc.	115	1,125
	Inditex SA.	39	2,901
	Ingram Micro Inc.	286	6,075
	Insight Enterprises Inc.	267	7,380
	Interface Inc.	228	4,362
	International Game Technology.	140	6,105
	International Speedway Corp.	127	5,643
	Isetan Co Ltd.	75	1,009

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Isuzu Motors Ltd.	517	2,545
	ITOCHU Corp.	526	6,570
	Izumi Co Ltd.	68	1,011
	J Crew Group Inc.	168	6,283
	J Front Retailing Co Ltd.	270	2,422
	Jack in the Box Inc.	256	8,031
	Jakks Pacific Inc.	157	4,161
	Japan Airlines Corp.	560	1,257
	Jardine Cycle & Carriage Ltd.	103	1,495
	JetBlue Airways Corp.	337	3,077
	Johnson Controls Inc.	295	12,897
	Jones Apparel Group Inc.	212	4,439
	JTEKT Corp.	75	1,427
	Juki Corp.	125	1,053
	KB Home.	152	4,201
	Kellwood Co.	169	2,800
	Kesa Electricals PLC.	166	1,096
	Kingfisher PLC.	364	1,494
	Kloeckner & Co AG.	14	740
	Kohl's Corp.	122	6,706
	Koito Manufacturing Co Ltd.	93	1,288
	Kokuyo Co Ltd.	99	868
	Krispy Kreme Doughnuts Inc.	482	1,542
	K's Holdings Corp.	40	863
	Kuraray Co Ltd.	122	1,581
	Ladbrokes PLC.	131	1,122
	Las Vegas Sands Corp.	44	5,839
	Lawson Inc.	32	1,104
	La-Z-Boy Inc.	374	2,951
	Lear Corp. (b)	382	13,572
	Lennar Corp.	251	5,735
	Lennar Corp.	35	746
	Li & Fung Ltd.	725	3,405
	Li Ning Co Ltd.	455	1,691
	Life Time Fitness Inc.	136	8,247
	Lifestyle International Holdin.	542	1,483
	Liz Claiborne Inc.	201	5,722
	Longs Drug Stores Corp.	129	6,774
	Lowe's Cos Inc.	658	17,694
	Macy's Inc.	109	3,491
	Magna International Inc.	17	1,613
	Marks & Spencer Group PLC.	264	3,580
	Marriott International Inc/DE.	145	5,961
	Marubeni Corp.	534	4,527
	Marui Group Co Ltd.	112	1,157
	Matsushita Electric Industrial.	714	13,553
	Mattel Inc.	776	16,211
	Mazda Motor Corp.	310	1,846
	McDonald's Corp.	311	18,567
	Men's Wearhouse Inc.	201	8,494
	Meritage Homes Corp. (b)	182	2,928

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	MGM Mirage. (b)	52	4,764
	Michelin.	22	2,945
	Mitchells & Butlers PLC.	69	955
	Mitsubishi Corp.	529	16,277
	Mitsubishi Logistics Corp.	74	1,062
	Mitsubishi Motors Corp. (b)	1,291	2,518
	Mitsubishi Rayon Co Ltd.	199	1,119
	Mitsui & Co Ltd.	570	14,574
	Mitsukoshi Ltd.	228	1,051
	Modine Manufacturing Co.	151	3,512
	Monaco Coach Corp.	170	1,972
	MSC Industrial Direct Co.	194	9,450
	Nagase & Co Ltd.	87	966
	Namco Bandai Holdings Inc.	81	1,241
	Nautilus Inc.	274	1,762
	Newell Rubbermaid Inc.	556	16,213
	Next PLC.	35	1,607
	NGK Spark Plug Co Ltd.	64	1,065
	NHK Spring Co Ltd.	121	1,031
	Nifco Inc/Japan.	46	1,071
	Nintendo Co Ltd.	38	23,681
	Nippon Seiki Co Ltd.	40	926
	Nissan Motor Co Ltd.	838	9,631
	Nisshinbo Industries Inc.	88	1,192
	Nissin Kogyo Co Ltd.	37	954
	Nitori Co Ltd.	21	956
	NOK Corp.	54	1,191
	Nokian Renkaat OYJ.	33	1,243
	Nordstrom Inc.	92	3,628
	Nu Skin Enterprises Inc.	291	5,026
	Onward Holdings Co Ltd.	91	933
	OPAP SA.	32	1,307
	O'Reilly Automotive Inc.	194	6,406
	Oriental Land Co Ltd.	21	1,245
	Orient-Express Hotels Ltd.	172	11,146
	Oshkosh Truck Corp.	121	6,558
	Pacific Sunwear Of California.	385	6,437
	Panera Bread Co.	120	4,919
	Parkson Retail Group Ltd.	145	1,647
	Penn National Gaming Inc.	124	7,657
	PEP Boys-Manny Moe & Jack.	237	3,486
	Persimmon PLC.	46	1,004
	PetSmart Inc.	194	5,810
	Peugeot SA.	25	2,317
	PF Chang's China Bistro Inc.	101	2,940
	Phillips-Van Heusen.	207	9,895
	Pier 1 Imports Inc. (b)	464	2,362
	Pinnacle Entertainment Inc. (b)	220	6,424
	Pioneer Corp.	81	897
	Pirelli & C SpA.	957	1,223
	Polo Ralph Lauren Corp.	94	6,467

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Pool Corp.	206	4,857
	Porsche Automobil Holding SE.	1	2,666
	PPR.	12	2,378
	Praktiker Bau- und Heimwerkerm.	25	902
	Puma AG Rudolf Dassler Sport.	3	1,284
	Punch Taverns PLC.	46	961
	Qantas Airways Ltd.	323	1,778
	Quiksilver Inc.	704	9,504
	RadioShack Corp.	271	5,588
	Reece Australia Ltd.	46	1,210
	Regal Entertainment Group.	444	10,021
	Regis Corp.	187	6,283
	Renault SA.	31	5,204
	Rite Aid Corp. (b)	901	3,523
	RONA Inc.	52	1,175
	Ross Stores Inc.	283	7,647
	Royal Caribbean Cruises Ltd.	267	11,449
	Ruby Tuesday Inc.	318	5,078
	Ryland Group Inc.	84	2,388
	Ryohin Keikaku Co Ltd.	18	1,130
	Saks Inc.	742	15,701
	Sally Beauty Holdings Inc.	519	4,801
	Sankyo Co Ltd.	27	1,147
	Scientific Games Corp.	119	4,302
	Sears Holdings Corp.	22	2,965
	Sega Sammy Holdings Inc.	76	1,044
	Sekisui Chemical Co Ltd.	165	1,121
	Sekisui House Ltd.	190	2,416
	Select Comfort Corp.	200	2,286
	Seven & I Holdings Co Ltd.	216	5,542
	Shangri-La Asia Ltd.	469	1,489
	Shimachu Co Ltd.	38	1,087
	Shimamura Co Ltd.	11	1,064
	Shimano Inc.	34	1,232
	Shoppers Drug Mart Corp.	33	1,934
	Singapore Airlines Ltd.	167	2,262
	Six Flags Inc. (b)	344	1,115
	Sky City Entertainment Group L.	292	1,209
	Skywest Inc.	374	10,206
	Sodexho Alliance SA.	16	1,153
	Sojitz Corp.	313	1,413
	Sonae SGPS SA.	371	1,085
	Sony Corp.	331	16,181
	Southwest Airlines Co.	340	4,831
	Staples Inc.	316	7,375
	Starbucks Corp.	328	8,751
	Starwood Hotels & Resorts Worl.	91	5,174
	Station Casinos Inc.	71	6,376
	Steelcase Inc.	254	4,539
	Stein Mart Inc.	227	1,491
	Sumitomo Corp.	416	7,150

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Sumitomo Rubber Industries Inc.	91	1,100
	Sumitomo Warehouse Co Ltd/The.	177	1,013
	Superior Industries Internatio.	107	2,162
	Suzuki Motor Corp.	150	4,888
	Swatch Group AG.	5	1,597
	Swatch Group AG.	19	1,193
	TABCORP Holdings Ltd.	175	2,536
	Takashimaya Co Ltd.	103	1,244
	Takata Corp.	33	1,170
	Talbots Inc.	117	1,721
	Target Corp.	330	20,249
	Tattersall's Ltd.	421	1,643
	Taylor Wimpey PLC.	178	916
	Tech Data Corp.	319	12,546
	Teijin Ltd.	308	1,476
	Thomson.	66	1,151
	Tim Hortons Inc.	35	1,335
	TJX Cos Inc.	202	5,844
	Toho Co Ltd/Tokyo.	59	1,171
	Tokai Rika Co Ltd.	41	1,198
	Toll Brothers Inc.	268	6,140
	Toray Industries Inc.	465	3,563
	Toro Co.	166	9,240
	TOTO Ltd.	128	922
	Toyobo Co Ltd.	404	945
	Toyoda Gosei Co Ltd.	34	1,211
	Toyota Boshoku Corp.	42	1,365
	Toyota Tsusho Corp.	77	2,142
	Tractor Supply Co.	143	5,926
	Triarc Cos Inc.	202	2,262
	Tuesday Morning Corp.	250	1,905
	TUI AG.	38	1,116
	TUI Travel plc.	173	970
	Under Armour Inc.	124	7,719
	United Stationers Inc. (b)	114	6,602
	UNY Co Ltd.	103	888
	Urban Outfitters Inc.	185	4,675
	US Airways Group Inc/NEW.	172	4,758
	USS Co Ltd.	16	1,043
	Vail Resorts Inc.	130	7,890
	Valeo SA.	21	1,150
	Volkswagen AG.	22	6,306
	Volkswagen AG.	16	3,040
	Wabash National Corp.	167	1,695
	Wacoal Holdings Corp.	89	1,082
	Walgreen Co.	437	17,327
	Wal-Mart Stores Inc.	555	25,092
	Warner Music Group Corp.	83	845
	Watsco Inc.	97	4,039
	Wendy's International Inc.	178	6,187
	WESCO International Inc.	76	3,545

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Whirlpool Corp.	161	12,748
William Hill PLC.	88	1,133
WMS Industries Inc. (b)	180	6,241
Wolseley PLC.	102	1,768
Wolverine World Wide Inc.	308	7,897
World Fuel Services Corp.	118	5,226
WW Grainger Inc.	108	9,711
Wynn Resorts Ltd.	78	12,592
Yamada Denki Co Ltd.	30	3,068
Yamaha Corp.	69	1,597
Yamaha Motor Co Ltd.	72	2,034
Yokohama Rubber Co Ltd/The.	152	1,122
Yum! Brands Inc.	225	9,061
Zale Corp.	275	5,797
		1,606,440

CONSUMER, NON-CYCLICAL (10.7%)
ABB Grain Ltd.	140	982
Abbott Laboratories.	659	35,995
ABC Learning Centres Ltd.	183	1,120
Abertis Infraestructuras SA.	37	1,231
Accenture Ltd.	249	9,723
ACCO Brands Corp.	332	7,118
Adams Respiratory Therapeutics.	127	5,580
Adecco SA.	19	1,142
Administaff Inc.	105	4,187
Advanced Medical Optics Inc.	102	2,800
Aetna Inc.	221	12,414
Affymetrix Inc.	84	2,139
Aggreko Plc.	97	1,263
Ajinomoto Co Inc.	216	2,423
Alberto-Culver Co.	174	4,522
Alcon Inc.	32	4,871
Alexion Pharmaceuticals Inc.	144	11,016
Alfresa Holdings Corp.	16	928
Alkermes Inc.	421	6,820
Allergan Inc/United States.	129	8,718
Alliance Data Systems Corp.	109	8,764
Altadis SA.	40	2,855
Altria Group Inc.	547	39,893
American Greetings Corp.	296	7,797
American Medical Systems Holdi.	295	3,773
AMERIGROUP Corp.	214	7,490
AmerisourceBergen Corp.	283	13,332
Amgen Inc. (b)	491	28,532
Amylin Pharmaceuticals Inc.	202	9,094
Anheuser-Busch Cos Inc.	237	12,153
Apollo Group Inc.	236	18,705
Applera Corp - Celera Group.	433	7,062
Apria Healthcare Group Inc.	247	5,970
Arbitron Inc.	119	6,024

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Arthrocare Corp.	108	7,003
	Asahi Breweries Ltd.	157	2,588
	Associated British Foods PLC.	63	1,195
	Astellas Pharma Inc.	182	8,029
	AstraZeneca PLC.	233	11,499
	Atlantia SpA.	44	1,728
	Avis Budget Group Inc. (b)	569	11,875
	Babcock International Group.	104	1,269
	Barr Pharmaceuticals Inc.	184	10,547
	Baxter International Inc.	281	16,863
	BearingPoint Inc.	1,216	5,825
	Beckman Coulter Inc.	106	7,507
	Becton Dickinson & Co.	102	8,513
	Beiersdorf AG.	16	1,266
	Benesse Corp.	35	1,301
	Biogen Idec Inc.	127	9,454
	BioMarin Pharmaceutical Inc.	382	10,593
	Bio-Rad Laboratories Inc.	74	7,147
	Biovail Corp.	58	1,165
	Blyth Inc.	164	3,131
	Boston Scientific Corp.	581	8,058
	Bowne & Co Inc.	160	2,781
	Brisa-Auto Estradas de Portuga.	80	1,135
	Bristol-Myers Squibb Co.	512	15,355
	British American Tobacco PLC.	225	8,563
	Brookdale Senior Living Inc.	84	3,099
	Brown-Forman Corp.	76	5,622
	Bunzl PLC.	81	1,219
	C&C Group PLC.	133	1,069
	Cadbury Schweppes PLC.	326	4,312
	Cambrex Corp.	223	2,540
	Capita Group PLC.	92	1,433
	Carlsberg A/S.	8	1,077
	Carrefour SA.	84	6,045
	Casino Guichard Perrachon SA.	11	1,228
	Celesio AG.	18	1,024
	Celgene Corp.	160	10,560
	Cephalon Inc.	96	7,079
	Chaoda Modern Agriculture.	1,455	1,316
	Chemed Corp.	94	5,388
	China Mengniu Dairy Co Ltd.	310	1,302
	ChoicePoint Inc.	130	5,112
	Christian Dior SA.	9	1,225
	Chugai Pharmaceutical Co Ltd.	91	1,570
	Church & Dwight Co Inc.	265	12,537
	Cintra Concesiones de Infraest.	71	1,240
	Clorox Co.	61	3,817
	Coates Hire Ltd.	235	1,416
	Coca Cola Hellenic Bottling Co.	24	1,489
	Coca-Cola Amatil Ltd.	170	1,615
	Coca-Cola Co/The.	550	33,968

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Coca-Cola West Holdings Co Ltd.	52	1,201
	Cochlear Ltd.	21	1,341
	Colgate-Palmolive Co.	230	17,542
	Colruyt SA.	5	1,069
	ConAgra Foods Inc.	164	3,892
	Constellation Brands Inc.	359	9,018
	Convergys Corp.	276	5,059
	Corinthian Colleges Inc.	491	8,047
	Corporate Executive Board Co.	63	4,489
	Corrections Corp of America. (b)	458	12,957
	COSCO Pacific Ltd.	412	1,273
	Covance Inc.	92	7,590
	Coventry Health Care Inc.	230	13,871
	Covidien Ltd.	160	6,656
	CR Bard Inc.	158	13,210
	CSL Ltd/Australia.	183	6,235
	Cubist Pharmaceuticals Inc.	222	5,195
	CV Therapeutics Inc.	174	1,782
	Dade Behring Holdings Inc.	114	8,770
	Dai Nippon Printing Co Ltd.	231	3,338
	Daiichi Sankyo Co Ltd.	232	6,575
	Dainippon Sumitomo Pharma Co L.	114	1,056
	Dairy Farm International Holdi.	386	1,907
	Danisco A/S.	15	1,154
	DaVita Inc.	152	9,909
	Del Monte Foods Co.	407	4,208
	Delhaize Group.	15	1,422
	Deluxe Corp.	290	11,699
	Dentsply International Inc.	204	8,462
	Diageo PLC.	413	9,448
	Edwards Lifesciences Corp.	240	12,053
	Eisai Co Ltd.	95	3,969
	Elan Corp PLC.	73	1,743
	Eli Lilly & Co.	250	13,538
	Endo Pharmaceuticals Holdings.	222	6,505
	Enzon Pharmaceuticals Inc.	269	2,564
	Essilor International SA.	32	2,039
	Experian Group Ltd.	159	1,668
	Express Scripts Inc.	96	6,058
	Ezaki Glico Co Ltd.	110	1,147
	Fisher & Paykel Healthcare Cor.	420	1,053
	Forest Laboratories Inc.	136	5,314
	Forrester Research Inc.	61	1,447
	Fortune Brands Inc.	48	4,021
	Foster's Group Ltd.	656	3,892
	Fresenius Medical Care AG & Co.	29	1,522
	Fresenius SE.	14	1,111
	FTI Consulting Inc.	172	9,340
	G4S PLC.	246	1,083
	Genentech Inc.	205	15,197
	General Mills Inc.	94	5,427

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Gen-Probe Inc.	195	13,654
	Genzyme Corp.	113	8,585
	George Weston Ltd.	15	1,098
	Getinge AB.	49	1,296
	Gilead Sciences Inc.	395	18,245
	GlaxoSmithKline PLC.	933	24,021
	Golden Agri-Resources Ltd.	1,338	1,618
	Goodman Fielder Ltd.	501	980
	Greene King Plc.	53	998
	Grifols SA.	51	1,348
	H&R Block Inc.	593	12,927
	Haemonetics Corp.	111	5,704
	Hansen Natural Corp.	291	19,788
	Hays PLC.	332	948
	Health Management Associates I.	470	3,107
	Health Net Inc.	161	8,631
	Healthscope Ltd.	232	1,173
	Healthsouth Corp.	318	6,376
	Healthways Inc.	143	8,680
	Heineken Holding NV.	20	1,183
	Heineken NV.	38	2,658
	Hengan International Group Co.	321	1,245
	Henkel KGaA.	28	1,428
	Henkel KGaA.	22	1,017
	Henry Schein Inc.	139	8,326
	Herbalife Ltd.	86	3,792
	Hershey Co/The.	49	2,112
	Hewitt Associates Inc.	397	14,006
	Hillenbrand Industries Inc.	119	6,571
	Hisamitsu Pharm.	38	1,041
	HJ Heinz Co.	102	4,772
	Hologic Inc.	304	20,675
	Hormel Foods Corp.	152	5,545
	House Foods Corp.	73	1,151
	Human Genome Sciences Inc.	557	5,269
	Humana Inc. (b)	241	18,063
	Husqvarna AB.	78	939
	Iaws Group Plc.	52	1,228
	Idexx Laboratories Inc.	126	15,344
	Illumina Inc.	219	12,297
	Immucor Inc.	277	8,933
	Imperial Tobacco Group PLC.	105	5,313
	InBev NV.	31	2,926
	InterMune Inc.	121	2,410
	Intertek Group PLC.	54	1,156
	Intuitive Surgical Inc.	54	17,651
	Invacare Corp.	161	4,357
	Inverness Medical Innovations.	202	12,138
	Invitrogen Corp.	79	7,179
	Iron Mountain Inc.	264	9,169
	Ito En Ltd.	36	758

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Ito En Ltd.	10	159
	ITT Educational Services Inc. (b)	152	19,333
	J Sainsbury PLC.	232	2,639
	Japan Tobacco Inc.	2	11,597
	Jarden Corp.	260	9,235
	JM Smucker Co/The.	123	6,572
	Johnson & Johnson.	640	41,709
	Kagome Co Ltd.	66	1,045
	Kamigumi Co Ltd.	126	1,020
	Kao Corp.	172	4,920
	Kerry Group PLC.	41	1,236
	Kesko OYJ.	20	1,196
	Kikkoman Corp.	80	1,008
	Kimberly-Clark Corp.	123	8,719
	Kinetic Concepts Inc.	87	5,229
	King Pharmaceuticals Inc.	474	5,024
	Kirin Holdings Co Ltd.	318	4,424
	Koninklijke Ahold NV.	192	2,881
	Kose Corp.	39	997
	Kraft Foods Inc.	404	13,498
	Kyowa Hakko Kogyo Co Ltd.	129	1,403
	Kyphon Inc.	186	13,184
	Laboratory Corp of America Hol.	169	11,619
	Lion Corp.	198	928
	Lion Nathan Ltd.	150	1,297
	Live Nation Inc.	250	5,110
	Loblaw Cos Ltd.	24	1,112
	L'Oreal SA.	41	5,382
	Luxottica Group SpA.	30	1,051
	Magellan Health Services Inc.	161	6,778
	Manor Care Inc.	106	7,057
	Manpower Inc.	122	9,118
	Marine Harvest.	859	871
	McCormick & Co Inc/MD.	217	7,602
	McKesson Corp.	129	8,527
	Medarex Inc.	505	6,035
	Medco Health Solutions Inc.	120	11,326
	Mediceo Paltac Holdings Co Ltd.	74	1,070
	Medicines Co/The.	207	3,964
	Medicis Pharmaceutical Corp.	228	6,769
	Medtronic Inc.	488	23,151
	Meiji Dairies Corp.	185	973
	Meiji Seika Kaisha Ltd.	247	1,085
	Mentor Corp.	115	4,896
	Merck & Co Inc.	567	33,033
	Merck KGAA.	10	1,251
	Metcash Ltd.	285	1,240
	Metro AG.	25	2,265
	Metro Inc.	31	1,166
	MGI Pharma Inc.	320	10,426
	Michael Page International Plc.	98	893

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Millennium Pharmaceuticals Inc.	627	7,411
	Millipore Corp. (b)	91	7,066
	Miraca Holdings Inc.	59	1,383
	Mitsubishi Tanabe Pharma Corp.	93	1,062
	Molson Coors Brewing Co.	151	8,642
	Monster Worldwide Inc.	184	7,467
	Moody's Corp.	99	4,328
	MPS Group Inc.	633	7,729
	Mylan Inc.	483	7,264
	Myriad Genetics Inc.	147	8,138
	NBTY Inc.	247	8,793
	Nektar Therapeutics.	375	2,243
	Nestle SA.	62	28,608
	Neurocrine Biosciences Inc.	204	1,887
	Nichirei Corp.	227	964
	Nippon Meat Packers Inc.	101	1,016
	Nippon Suisan Kaisha Ltd.	194	962
	Nisshin Seifun Group Inc.	117	1,052
	Nissin Food Products Co Ltd.	36	1,130
	Nobel Biocare Holding AG.	4	1,164
	Novartis AG.	386	20,526
	Novo Nordisk A/S.	30	3,720
	Novozymes A/S.	9	980
	Odyssey HealthCare Inc.	175	1,794
	Olam International Ltd.	551	1,333
	Omnicare Inc.	247	7,287
	Ono Pharmaceutical Co Ltd.	38	1,956
	Onyx Pharmaceuticals Inc.	218	10,183
	OSI Pharmaceuticals Inc.	97	4,032
	Pacific Brands Ltd.	354	1,141
	Parexel International Corp.	109	5,014
	Parkway Holdings Ltd.	425	1,222
	Parmalat SpA.	304	1,124
	Patterson Cos Inc.	215	8,409
	PDL BioPharma Inc.	200	4,240
	Pediatrix Medical Group Inc.	195	12,773
	Pepsi Bottling Group Inc.	261	11,244
	PepsiAmericas Inc.	131	4,679
	Performance Food Group Co.	189	5,101
	Pernod-Ricard SA.	13	3,003
	Perrigo Co.	440	10,432
	Pharmaceutical Product Develop.	171	7,223
	PharMerica Corp.	156	2,488
	PolyMedica Corp.	91	4,819
	Premier Foods PLC.	210	985
	Pre-Paid Legal Services Inc. (b)	42	2,503
	Psychiatric Solutions Inc. (b)	218	8,633
	Qiagen NV.	63	1,475
	QP Corp.	113	1,113
	Quest Diagnostics Inc.	65	3,457
	Ralcorp Holdings Inc. (b)	107	6,024

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Randstad Holding NV.	16	887
	Reckitt Benckiser Group PLC.	94	5,452
	Regeneron Pharmaceuticals Inc.	266	5,852
	Rent-A-Center Inc/TX.	396	6,336
	Rentokil Initial PLC.	342	1,223
	Resmed Inc.	128	5,303
	Resources Connection Inc.	186	4,235
	Respironics Inc.	120	6,007
	Reynolds American Inc.	56	3,608
	Rhoen Klinikum AG.	38	1,199
	Robert Half International Inc.	234	7,041
	Roche Holding AG.	109	18,593
	Roche Holding AG.	5	950
	Rohto Pharmaceutical Co Ltd.	104	1,230
	Royal Numico NV.	28	2,213
	RR Donnelley & Sons Co.	434	17,486
	SABMiller PLC.	131	3,937
	Safeway Inc.	146	4,964
	SAIC Inc.	699	13,777
	Sanofi-Aventis SA.	161	14,117
	Santen Pharmaceutical Co Ltd.	46	1,076
	Sapporo Holdings Ltd.	182	1,365
	SAPRR.	11	1,170
	Saputo Inc.	23	1,411
	Sara Lee Corp.	245	4,052
	Savient Pharmaceuticals Inc.	214	3,013
	Schering-Plough Corp.	635	19,380
	Scottish & Newcastle PLC.	131	2,133
	Secom Co Ltd.	75	3,842
	Securitas AB.	71	897
	Sepracor Inc.	179	4,930
	Serco Group PLC.	122	1,144
	Service Corp International/US.	1,675	24,237
	SGS SA.	1	1,310
	Shimadzu Corp.	98	974
	Shionogi & Co Ltd.	107	1,815
	Shire PLC.	86	2,148
	Shiseido Co Ltd.	131	3,139
	Sierra Health Services Inc.	205	8,672
	Sigma Pharmaceuticals Ltd.	686	971
	Smith & Nephew PLC.	145	1,959
	Smithfield Foods Inc.	250	7,168
	Sohgo Security Services Co Ltd.	66	1,092
	Sonic Healthcare Ltd.	92	1,476
	Sonova Holding AG.	11	1,234
	Sotheby's.	270	14,626
	Spherion Corp.	323	2,817
	St Jude Medical Inc. (b)	145	5,906
	Stada Arzneimittel AG.	17	1,080
	STERIS Corp.	364	10,571
	Stewart Enterprises Inc.	539	4,889

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Strayer Education Inc.	59	11,001
	Stryker Corp.	122	8,662
	Sunrise Senior Living Inc.	180	6,660
	SUPERVALU Inc.	413	16,004
	Suzuken Co Ltd.	35	1,125
	Swedish Match AB.	55	1,230
	Symbion Health Ltd.	306	1,151
	Synthes Inc.	9	1,123
	SYSCO Corp.	268	9,190
	Sysmex Corp.	28	1,141
	Taisho Pharmaceutical Co Ltd.	79	1,517
	Takara Holdings Inc.	176	1,028
	Takeda Pharmaceutical Co Ltd.	277	17,190
	Tate & Lyle PLC.	94	851
	Techne Corp.	155	10,112
	TeleTech Holdings Inc.	162	4,039
	Tenet Healthcare Corp. (b)	934	3,278
	Terumo Corp.	68	3,306
	Tesco PLC.	1,229	12,473
	Thai Beverage PCL.	6,062	1,089
	Theravance Inc.	194	4,854
	Tingyi Cayman Islands Holding.	1,242	1,891
	Toppan Printing Co Ltd.	222	2,159
	Toyo Suisan Kaisha Ltd.	66	1,143
	Transurban Group.	321	2,174
	Tsumura & Co.	63	1,122
	Tupperware Brands Corp.	348	12,563
	Tyson Foods Inc.	550	8,690
	UCB SA.	19	1,115
	Unicharm Corp.	20	1,187
	Unilever NV.	266	8,626
	Unilever PLC.	203	6,860
	United Natural Foods Inc.	163	4,717
	United Rentals Inc.	411	14,052
	United Therapeutics Corp.	80	5,475
	UnitedHealth Group Inc.	570	28,016
	Universal Corp/Richmond VA.	147	7,165
	Universal Health Services Inc.	83	4,046
	UST Inc.	319	17,009
	Valassis Communications Inc. (b)	271	2,669
	Varian Medical Systems Inc. (b)	180	8,779
	VCA Antech Inc.	312	14,368
	Vedior NV.	42	953
	Ventana Medical Systems Inc.	140	12,320
	Vertex Pharmaceuticals Inc.	216	6,985
	Viad Corp.	111	3,934
	VistaPrint Ltd.	161	7,659
	Watson Pharmaceuticals Inc.	204	6,234
	Watson Wyatt Worldwide Inc.	180	8,581
	WD-40 Co.	94	3,722
	Weight Watchers International.	62	3,177

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
WellCare Health Plans Inc.	56	1,355
WellPoint Inc.	174	13,786
West Pharmaceutical Services I.	133	5,498
Western Union Co/The.	331	7,295
Whole Foods Market Inc.	200	9,908
William Demant Holding. (b)	11	1,008
Wilmar International Ltd.	812	2,324
WM Morrison Supermarkets PLC.	357	2,196
WM Wrigley Jr Co.	91	5,612
WM Wrigley Jr Co.	33	2,018
Woolworths Ltd.	400	12,463
Wyeth.	351	17,069
Yakult Honsha Co Ltd.	54	1,245
Yamazaki Baking Co Ltd.	137	1,196
Zimmer Holdings Inc.	106	7,366
		2,487,922

HOLDING COMPANIES (0.2%)
Ackermans & Van Haaren.	11	1,144
China Merchants Holdings Inter.	328	2,290
China Resources Enterprise.	355	1,539
Citic Pacific Ltd.	249	1,558
First Pacific Co.	1,495	1,130
GEA Group AG.	33	1,233
Groupe Bruxelles Lambert SA.	13	1,660
Guangdong Investment Ltd.	1,629	1,108
Guangzhou Investment Co Ltd.	3,410	1,434
Hutchison Whampoa Ltd.	709	8,837
IFIL - Investments SpA.	102	1,163
Jardine Matheson Holdings Ltd.	145	4,423
Jardine Strategic Holdings Ltd.	126	2,092
LVMH Moet Hennessy Louis Vuitt.	40	5,149
Noble Group Ltd.	974	1,589
Shanghai Industrial Holdings L.	250	1,464
Sherritt International Corp.	72	1,341
Solvac SA.	6	1,081
Swire Pacific Ltd.	259	3,673
Swire Pacific Ltd.	476	1,262
Washington H Soul Pattinson &.	128	1,156
Wendel.	6	1,030
Wharf Holdings Ltd.	407	2,431
		49,788

ENERGY (5.6%)
Acergy SA.	40	1,155
Advantage Energy Income Fund.	29	368
Alpha Natural Resources Inc.	265	7,272
Anadarko Petroleum Corp.	152	8,971
Apache Corp.	107	11,108
Arch Coal Inc.	219	8,979
Atwood Oceanics Inc.	111	9,351

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Australian Worldwide Explorati.	370	1,034
	Baker Hughes Inc.	136	11,794
	BG Group PLC.	552	10,211
	BJ Services Co.	500	12,595
	Bourbon SA.	17	1,200
	BP PLC.	2,975	38,669
	Cabot Oil & Gas Corp.	387	15,360
	Caltex Australia Ltd.	51	1,016
	Cameron International Corp.	155	15,091
	Canadian Natural Resources Ltd.	83	6,901
	Canadian Oil Sands Trust.	36	1,322
	CGG-Veritas. (b)	4	1,310
	Cheniere Energy Inc.	155	6,278
	Chesapeake Energy Corp.	198	7,817
	Chevron Corp.	547	50,056
	Cimarex Energy Co.	163	6,603
	CNOOC Ltd.	4,834	10,079
	Cnpc Hong Kong Ltd.	1,760	1,419
	ConocoPhillips.	392	33,304
	Consol Energy Inc.	264	14,916
	Core Laboratories NV.	95	13,864
	Cosmo Oil Co Ltd.	223	957
	Covanta Holding Corp.	188	5,097
	Crosstex Energy Inc.	183	6,747
	Delta Petroleum Corp.	265	4,956
	Denbury Resources Inc.	191	10,811
	Devon Energy Corp.	109	10,181
	Diamond Offshore Drilling Inc.	29	3,284
	El Paso Corp.	1,400	24,724
	Enbridge Inc.	51	2,208
	EnCana Corp.	118	8,256
	Encore Acquisition Co.	314	11,524
	Enerplus Resources Fund.	25	1,212
	ENI SpA.	381	13,906
	ENSCO International Inc.	209	11,597
	EOG Resources Inc.	105	9,303
	EXCO Resources Inc.	475	8,018
	Exterran Holdings Inc.	556	46,815
	Exxon Mobil Corp.	1,414	130,074
	First Solar Inc.	54	8,576
	FMC Technologies Inc.	186	11,277
	Fording Canadian Coal Trust.	11	403
	Fugro NV.	16	1,402
	Global Industries Ltd.	277	6,820
	Grant Prideco Inc.	186	9,144
	Grey Wolf Inc.	1,067	6,007
	Halliburton Co.	392	15,453
	Headwaters Inc.	244	3,501
	Helix Energy Solutions Group I.	132	6,105
	Helmerich & Payne Inc.	151	4,775
	Hercules Offshore Inc.	327	8,842

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hess Corp.	83	5,944
	Holly Corp.	172	10,802
	Husky Energy Inc.	38	1,771
	Idemitsu Kosan Co Ltd.	10	1,153
	Imperial Oil Ltd.	44	2,396
	ION Geophysical Corp.	392	5,939
	Japan Petroleum Exploration Co.	16	1,212
	John Wood Group PLC.	165	1,433
	Lundin Petroleum AB.	102	1,224
	Marathon Oil Corp.	207	12,248
	Mariner Energy Inc.	455	11,375
	National Fuel Gas Co.	138	6,692
	National Oilwell Varco Inc.	229	16,772
	Neste Oil OYJ.	30	1,078
	Nexen Inc.	72	2,438
	Niko Resources Ltd.	12	1,344
	Nippon Mining Holdings Inc.	308	2,878
	Nippon Oil Corp.	485	4,250
	Noble Corp.	386	20,439
	Occidental Petroleum Corp.	271	18,713
	Oceaneering International Inc.	218	16,845
	Oil Search Ltd.	329	1,302
	Oilexco Inc.	91	1,661
	OMV AG.	24	1,794
	Oneok Inc.	204	10,188
	OPTI Canada Inc.	51	1,028
	Origin Energy Ltd.	290	2,472
	Parker Drilling Co. (b)	688	5,807
	Peabody Energy Corp.	112	6,244
	Penn Virginia Corp.	135	6,534
	Penn West Energy Trust.	35	1,116
	Petro-Canada.	77	4,442
	Pride International Inc.	239	8,819
	PrimeWest Energy Trust.	18	504
	Q-Cells AG.	12	1,530
	Questar Corp.	249	14,213
	Quicksilver Resources Inc.	127	7,239
	Range Resources Corp.	234	10,514
	Renewable Energy Corp AS.	27	1,376
	Repsol YPF SA.	123	4,854
	Rowan Cos Inc.	225	8,771
	Royal Dutch Shell PLC.	428	18,647
	Royal Dutch Shell PLC.	384	16,807
	Saipem SpA.	39	1,725
	Santos Ltd.	198	2,588
	SBM Offshore NV.	26	1,000
	Schlumberger Ltd.	507	48,961
	SEACOR Holdings Inc.	97	8,890
	SeaDrill Ltd.	54	1,285
	Showa Shell Sekiyu KK.	88	1,029
	Singapore Petroleum Co Ltd.	255	1,445

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
Smith International Inc.	289	19,088
Solarworld AG.	22	1,514
Southwestern Energy Co. (b)	244	12,622
Spectra Energy Corp.	197	5,118
St Mary Land & Exploration Co.	248	10,505
StatoilHydro ASA.	194	6,565
Stone Energy Corp.	146	6,509
Suncor Energy Inc.	71	7,774
Sunoco Inc.	241	17,738
Sunpower Corp.	57	7,208
Superior Energy Services.	330	12,236
Talisman Energy Inc.	163	3,551
Technip SA.	17	1,523
Tesoro Corp.	271	16,404
Tetra Technologies Inc.	299	5,887
TonenGeneral Sekiyu KK.	112	1,123
Total SA.	351	28,290
TransCanada Corp.	83	3,530
Transocean Inc.	124	14,802
Tullow Oil PLC.	111	1,473
Ultra Petroleum Corp.	218	15,447
UTS Energy Corp.	189	1,222
Valero Energy Corp.	141	9,931
Weatherford International Ltd.	145	9,412
WesternZagros Resources Ltd.	31	118
Westernzagros Resources Ltd.	3	4
W-H Energy Services Inc.	126	7,253
Woodside Petroleum Ltd.	149	7,217
XTO Energy Inc.	129	8,563
		1,292,367

FINANCIAL (14.4%)
77 Bank Ltd/The.	165	1,111
ABN AMRO Holding NV.	296	15,995
ACE Ltd.	84	5,091
Acom Co Ltd.	31	739
Adelaide Bank Ltd.	84	1,148
Admiral Group PLC.	65	1,394
Aegon NV.	225	4,647
Aeon Credit Service Co Ltd.	77	1,177
Aeon Mall Co Ltd.	36	930
Affiliated Managers Group Inc.	51	6,709
Aflac Inc.	214	13,435
AGF Management Ltd.	32	1,243
Agile Property Holdings Ltd.	613	1,468
Aichi Bank Ltd/The.	10	909
Aiful Corp.	43	1,008
Aioi Insurance Co Ltd.	184	1,062
Alexandria Real Estate Equitie.	121	12,480
Allco Finance Group Ltd.	119	846
Alleanza Assicurazioni SpA.	86	1,164

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Alleghany Corp. (b)	8	3,144
	Alliance & Leicester PLC.	68	1,118
	Allianz SE.	70	15,767
	Allied Irish Banks PLC.	142	3,556
	Allied World Assurance Holding.	70	3,354
	Allstate Corp/The.	201	10,532
	Alpha Bank AE.	63	2,330
	AMB Property Corp.	140	9,149
	AMBAC Financial Group Inc.	204	7,513
	Amcore Financial Inc.	127	3,011
	American Express Co.	456	27,793
	American Financial Group Inc/O.	139	4,156
	American Financial Realty Trus.	735	4,954
	American Home Mortgage Investm.	327	36
	American International Group I.	738	46,583
	American National Insurance.	32	4,138
	AmeriCredit Corp.	231	3,259
	Ameriprise Financial Inc.	68	4,283
	Amlin PLC.	194	1,295
	AMP Ltd.	622	5,904
	Anchor Bancorp Wisconsin Inc.	117	2,878
	Anglo Irish Bank Corp PLC.	113	1,892
	Annaly Capital Management Inc.	1,912	32,676
	AON Corp.	83	3,762
	Apartment Investment & Managem.	153	7,150
	Arch Capital Group Ltd.	96	7,178
	Arthur J Gallagher & Co.	200	5,322
	Ascendas Real Estate Investmen.	610	1,092
	Aspen Insurance Holdings Ltd.	155	4,241
	Assicurazioni Generali SpA.	187	8,886
	Associated Banc-Corp.	239	6,898
	Assurant Inc.	204	11,922
	Assured Guaranty Ltd.	96	2,215
	Astoria Financial Corp.	173	4,496
	ASX Ltd.	57	3,045
	Australia & New Zealand Bankin.	607	17,018
	AvalonBay Communities Inc.	134	16,435
	Aviva PLC.	402	6,316
	Awa Bank Ltd/The.	228	1,219
	AXA Asia Pacific Holdings Ltd.	300	2,280
	AXA SA.	278	12,425
	Axis Capital Holdings Ltd.	282	11,207
	Babcock & Brown Ltd.	95	2,699
	Baloise Holding AG.	12	1,275
	Banca Monte dei Paschi di Sien.	194	1,239
	Banca Popolare di Milano Scarl.	75	1,176
	Banco BPI SA.	118	1,032
	Banco Comercial Portugues SA.	519	2,511
	Banco de Valencia SA.	19	1,085
	Banco Espirito Santo SA.	46	1,114
	Banco Pastor SA.	53	898

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Banco Popular Espanol SA.	119	2,077
	Banco Santander SA.	970	21,073
	Bancorpsouth Inc.	433	10,505
	Bank of America Corp.	1,455	70,247
	Bank of East Asia Ltd.	516	3,475
	Bank of Hawaii Corp.	202	10,738
	Bank of Ireland.	152	2,807
	Bank of Iwate Ltd/The.	19	1,159
	Bank of Kyoto Ltd/The.	117	1,486
	Bank of Montreal.	78	5,201
	Bank of Nagoya Ltd/The.	174	1,279
	Bank of New York Mellon Corp/T.	497	24,278
	Bank of Nova Scotia.	153	8,661
	Bank of Queensland Ltd.	72	1,286
	Bank of Yokohama Ltd/The.	467	3,287
	Bankinter SA.	63	935
	Barclays PLC.	1,014	12,737
	BB&T Corp.	174	6,433
	BBVA.	551	13,862
	Bear Stearns Cos Inc/The.	31	3,522
	Bendigo Bank Ltd.	79	1,028
	BioMed Realty Trust Inc.	403	9,628
	BNP Paribas.	136	14,988
	BOC Hong Kong Holdings Ltd.	1,188	3,334
	BOK Financial Corp.	46	2,509
	Bolsas y Mercados Espanoles.	19	1,325
	Boston Properties Inc.	53	5,742
	Bradford & Bingley PLC.	128	823
	Brandywine Realty Trust.	497	12,857
	BRE Properties Inc.	207	11,344
	British Land Co PLC.	81	1,826
	Brookfield Asset Management In.	90	3,676
	Cabcharge Australia Ltd.	103	1,019
	Cambridge Industrial Trust.	606	306
	Camden Property Trust.	97	6,048
	Canadian Imperial Bank of Comm.	52	5,614
	CapitaCommercial Trust.	623	1,158
	Capital One Financial Corp.	114	7,477
	CapitaLand Ltd.	554	3,082
	CapitalSource Inc.	265	4,828
	CapitaMall Trust.	440	1,113
	Cathay General Bancorp.	262	8,114
	Cattles PLC.	145	1,028
	CB Richard Ellis Group Inc.	333	8,119
	Centro Properties Group.	281	1,832
	CFS Retail Property Trust.	666	1,514
	Challenger Financial Services.	229	1,348
	Charles Schwab Corp/The.	445	10,342
	Cheung Kong Holdings Ltd.	485	9,431
	Chiba Bank Ltd/The.	297	2,361
	China Everbright Ltd. (b)	462	2,045

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	China Insurance International. (b)	442	1,423
	China Overseas Land & Invest.	97	81
	China Overseas Land & Investme.	1,169	2,760
	China Resources Land Ltd.	593	1,486
	Chinese Estates Holdings Ltd.	596	1,198
	Chittenden Corp.	252	8,976
	Chubb Corp.	100	5,335
	Chugoku Bank Ltd/The.	81	1,172
	Chuo Mitsui Trust Holdings Inc.	328	2,601
	Cigna Corp.	92	4,829
	Cincinnati Financial Corp.	303	12,053
	CIT Group Inc.	376	13,250
	CITIC International Financial.	1,299	1,108
	Citigroup Inc.	1,286	53,883
	Citizens Republic Bancorp Inc.	427	6,499
	City Developments Ltd.	156	1,704
	City National Corp/CA.	81	5,476
	CME Group Inc.	60	39,975
	CNP Assurances.	8	1,020
	Colonial BancGroup Inc/The.	303	5,812
	Colonial Properties Trust.	259	8,114
	Comerica Inc.	51	2,381
	Commerce Bancorp Inc/NJ.	393	16,015
	Commerce Bancshares Inc/Kansas.	133	6,274
	Commerce Group Inc.	342	12,480
	Commerzbank AG.	93	3,949
	Commonwealth Bank of Australia.	428	24,518
	Commonwealth Property Office F.	796	1,171
	CompuCredit Corp.	66	1,315
	Conseco Inc.	300	4,737
	Corio NV.	10	876
	Corporate Office Properties Tr.	191	7,894
	Countrywide Financial Corp.	184	2,856
	Cousins Properties Inc.	236	6,794
	Credit Agricole SA.	116	4,585
	Credit Saison Co Ltd.	56	1,772
	Credit Suisse Group.	163	10,961
	Cullen/Frost Bankers Inc.	122	6,488
	Dah Sing Financial Holdings Lt.	119	1,129
	Daishi Bank Ltd/The.	256	1,112
	Daito Trust Cons.	30	1,378
	Daiwa Securities Group Inc.	463	4,406
	Danske Bank A/S.	73	3,217
	DB RREEF Trust.	961	1,871
	DBS Group Holdings Ltd.	369	5,713
	DCT Industrial Trust Inc.	957	10,269
	Derwent London PLC.	32	1,106
	Deutsche Bank AG.	81	10,850
	Deutsche Boerse AG.	32	5,144
	Deutsche Postbank AG.	14	1,024
	Dexia SA.	86	2,758

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	DiamondRock Hospitality Co.	589	11,285
	Digital Realty Trust Inc.	236	10,382
	Dime Community Bancshares.	148	2,130
	DnB NOR ASA.	114	1,880
	Downey Financial Corp.	119	4,847
	Duke Realty Corp.	270	8,681
	EFG Eurobank Ergasias SA.	42	1,634
	Endurance Specialty Holdings L.	117	4,588
	Equity Inns Inc.	0	0
	Equity Lifestyle Properties In.	91	4,572
	Equity Residential.	80	3,342
	Erie Indemnity Co.	95	5,406
	Erste Bank der Oesterreichisch.	34	2,758
	Essex Property Trust Inc.	103	12,713
	Euler Hermes SA.	7	939
	Eurazeo.	8	1,192
	Everest Re Group Ltd.	129	13,744
	Fairfax Financial Holdings Ltd.	6	1,659
	Fannie Mae.	270	15,401
	Federal Realty Invs Trust.	81	7,146
	Federated Investors Inc.	195	8,385
	FelCor Lodging Trust Inc.	354	7,413
	Fidelity National Financial In.	427	6,572
	Fifth Third Bancorp.	153	4,786
	First American Corp.	163	4,906
	First Bancorp/Puerto Rico.	421	3,701
	First Horizon National Corp.	247	6,442
	First Marblehead Corp/The.	103	3,999
	First Midwest Bancorp Inc/IL.	281	9,464
	First Niagara Financial Group.	603	7,960
	FirstFed Financial Corp. (b)	92	3,936
	FirstMerit Corp.	418	8,862
	FKP Property Group.	182	1,244
	FNB Corp/PA.	342	5,684
	Fonciere Des Regions.	7	1,021
	Fondiaria-Sai SpA.	23	1,116
	Forest City Enterprises Inc.	102	5,806
	Fortis.	202	6,457
	Franklin Resources Inc.	70	9,078
	Franklin Street Properties Cor.	372	6,045
	Fraser and Neave Ltd.	363	1,505
	Freddie Mac.	174	9,088
	Fremont General Corp.	564	1,562
	Friedman Billings Ramsey Group.	841	3,616
	Friends Provident PLC.	333	1,274
	Frontier Financial Corp.	271	6,013
	Fulton Financial Corp.	988	12,953
	Genting International PLC. (b)	1,849	882
	Genworth Financial Inc.	144	3,931
	Goldman Sachs Group Inc/The.	97	24,048
	Goodman Group.	487	3,130

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	GPT Group.	679	2,922
	Great-West Lifeco Inc.	40	1,579
	Greentown China Holdings Ltd.	455	966
	Gunma Bank Ltd/The.	165	1,166
	Guoco Group Ltd.	75	1,152
	GZI Real Estate Investment Tru.	909	367
	Hachijuni Bank Ltd/The.	172	1,309
	Hammerson PLC.	45	1,041
	Hang Lung Group Ltd.	278	1,628
	Hang Lung Properties Ltd.	608	2,891
	Hang Seng Bank Ltd.	229	4,645
	Hannover Rueckversicherung AG.	24	1,264
	Hartford Financial Services Gr.	82	7,956
	HBOS PLC.	581	10,548
	HCC Insurance Holdings Inc.	221	6,606
	HCP Inc.	408	13,888
	Health Care REIT Inc.	475	21,038
	Healthcare Realty Trust Inc.	270	7,139
	Henderson Group PLC.	273	1,061
	Henderson Investment Ltd.	661	1,315
	Henderson Land Development Co.	226	2,012
	Higo Bank Ltd/The.	164	1,133
	Hilb Rogal & Hobbs Co.	147	6,478
	Hiroshima Bank Ltd/The.	208	1,123
	Hokkoku Bank Ltd/The.	254	1,204
	Hokuhoku Financial Group Inc.	463	1,417
	Home Properties Inc.	141	7,250
	Hong Kong Exchanges and Cleari.	353	11,669
	Hongkong Land Holdings Ltd.	616	3,068
	Hopewell Holdings.	251	1,292
	Hopson Development Holdings Lt.	302	1,161
	Horace Mann Educators Corp.	237	4,904
	Hospitality Properties Trust.	186	7,366
	Host Hotels & Resorts Inc.	179	3,967
	HRPT Properties Trust.	1,182	11,099
	HSBC Holdings PLC.	1,815	35,896
	Hudson City Bancorp Inc.	999	15,644
	Huntington Bancshares Inc/OH.	693	12,412
	Hyakugo Bank Ltd/The.	168	1,000
	Hyakujushi Bank Ltd/The.	215	1,081
	Hypo Real Estate Holding AG.	31	1,848
	Hysan Development Co Ltd.	420	1,263
	ICAP PLC.	112	1,363
	IGM Financial Inc.	22	1,280
	Immoeast AG. (b)	83	1,010
	IMMOFINANZ AG.	86	1,021
	Industrial Alliance Insurance.	29	1,220
	IndyMac Bancorp Inc.	419	5,623
	ING Groep NV.	324	14,566
	ING Industrial Fund.	512	1,335
	ING Office Fund.	758	1,271

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Insurance Australia Group Ltd.	597	2,614
	IntercontinentalExchange Inc.	97	17,285
	International Bancshares Corp.	109	2,383
	International Securities Excha.	148	9,923
	Intesa Sanpaolo SpA.	1,492	11,799
	Intesa Sanpaolo SpA.	152	1,151
	Invesco PLC.	130	1,994
	Investec PLC.	87	1,051
	Investment Technology Group In. (b)	179	7,500
	Investor AB.	71	1,755
	Investor AB.	42	1,018
	IPC Holdings Ltd.	123	3,679
	Irish Life & Permanent PLC.	45	1,026
	iStar Financial Inc.	256	7,811
	IVG Immobilien AG.	30	1,356
	Iyo Bank Ltd/The.	123	1,197
	Jafco Co Ltd.	24	980
	Janus Capital Group Inc.	330	11,388
	Japan Securities Finance Co Lt.	80	835
	Jefferies Group Inc.	209	5,587
	Jones Lang LaSalle Inc.	61	5,815
	Joyo Bank Ltd/The.	268	1,652
	JPMorgan Chase & Co.	953	44,791
	Juroku Bank Ltd/The.	181	1,090
	Jyske Bank A/S. (b)	14	1,154
	Kagoshima Bank Ltd/The.	149	1,028
	KBC Groep NV.	26	3,641
	Keiyo Bank Ltd/The.	193	990
	Keppel Land Ltd.	198	1,136
	Kerry Properties Ltd.	151	1,297
	Keycorp.	124	3,528
	Kilroy Realty Corp.	134	8,715
	Kimco Realty Corp.	431	17,895
	Kinnevik Investment AB.	57	1,413
	Klepierre.	21	1,138
	Knight Capital Group Inc.	599	8,033
	Kowloon Development Co Ltd.	494	1,530
	LaBranche & Co Inc. (b)	380	2,082
	Land Securities Group PLC.	69	2,359
	LaSalle Hotel Properties.	161	6,653
	Legal & General Group PLC.	1,013	2,951
	Lehman Brothers Holdings Inc.	139	8,804
	Lend Lease Corp Ltd.	115	2,148
	Leopalace21 Corp.	45	1,428
	Lexington Realty Trust.	355	7,025
	Liberty International PLC.	52	1,293
	Liberty Property Trust.	178	6,696
	Lincoln National Corp.	69	4,304
	Link REIT/The.	552	1,245
	Lloyds TSB Group PLC.	874	9,915
	Loews Corp.	117	5,744

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	London Stock Exchange Group PL.	40	1,398
	M&T Bank Corp.	25	2,487
	Macerich Co/The.	103	8,828
	Mack-Cali Realty Corp.	135	5,345
	Macquarie Communications Infra.	213	1,139
	Macquarie CountryWide Trust.	646	1,209
	Macquarie Group Ltd.	84	6,576
	Macquarie Infrastructure Group.	892	2,625
	Macquarie Office Trust.	833	1,272
	MAN GROUP PLC.	292	3,571
	Manulife Financial Corp.	240	11,225
	Mapfre SA.	232	1,089
	Markel Corp.	14	7,605
	Marsh & McLennan Cos Inc.	178	4,608
	Marshall & Ilsley Corp.	477	20,368
	MBIA Inc.	239	10,287
	Mediobanca SpA.	60	1,423
	Meinl European Land Ltd.	47	659
	Mercury General Corp.	52	2,668
	Merrill Lynch & Co Inc.	234	15,449
	MetLife Inc.	118	8,124
	MGIC Investment Corp.	162	3,136
	Mid-America Apartment Communit.	105	5,460
	Millea Holdings Inc.	275	10,774
	Mirvac Group.	336	1,809
	Mitsubishi Estate Co Ltd.	456	13,517
	Mitsubishi UFJ Financial Group.	3,103	30,633
	Mitsubishi UFJ Lease & Finance.	24	826
	Mitsui Fudosan Co Ltd.	293	8,025
	Mitsui Sumitomo Insurance Co L.	476	5,413
	Mizuho Financial Group Inc.	4	22,293
	Mizuho Trust & Banking Co Ltd.	568	1,004
	Montpelier Re Holdings Ltd.	204	3,652
	Morgan Stanley.	253	17,017
	Muenchener Rueckversicherungs.	34	6,500
	Musashino Bank Ltd/The.	23	1,080
	Nanto Bank Ltd/The.	216	1,125
	Nasdaq Stock Market Inc/The.	162	7,565
	National Australia Bank Ltd.	531	21,317
	National Bank of Canada.	25	1,446
	National Bank of Canada.	0	0
	National Bank of Greece SA.	74	5,142
	National City Corp.	528	12,804
	National Financial Partners Co.	153	8,365
	National Retail Properties Inc.	375	9,506
	Nationwide Financial Services.	308	16,524
	Nationwide Health Properties I.	537	16,765
	New World Development Ltd.	745	2,658
	New York Community Bancorp Inc.	579	10,775
	NewAlliance Bancshares Inc.	633	8,856
	Newcastle Investment Corp.	301	4,470

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nexity.	14	930
	Nikko Cordial Corp.	124	1,776
	Nipponkoa Insurance Co Ltd.	267	2,430
	Nishi-Nippon City Bank Ltd/The.	325	955
	Nissay Dowa General Insurance.	193	1,091
	Nomura Holdings Inc.	634	11,265
	Nomura Real Estate Holdings In.	36	1,033
	Nordea Bank AB.	322	5,759
	Northern Rock PLC.	66	253
	Nuveen Investments Inc.	114	7,387
	Nymex Holdings Inc.	16	2,056
	NYSE Euronext.	81	7,603
	Ogaki Kyoritsu Bank Ltd/The.	218	1,213
	Okasan Holdings Inc.	171	1,141
	OKO Bank plc.	62	1,329
	Old Mutual PLC.	854	3,268
	Old National Bancorp/IN.	371	6,199
	Old Republic International Cor.	424	6,500
	OMX AB.	36	1,513
	Onex Corp.	35	1,472
	ORIX Corp.	30	6,035
	Oversea-Chinese Banking Corp.	821	5,221
	Pacific Capital Bancorp NA.	278	5,763
	Pargesa Holding SA.	10	1,139
	Park National Corp.	47	3,725
	PartnerRe Ltd.	116	9,657
	Pennsylvania Real Estate Inves.	207	7,897
	Perpetual Ltd.	16	1,107
	PFF Bancorp Inc.	126	1,342
	Philadelphia Consolidated Hold.	246	10,037
	Phoenix Cos Inc/The.	609	8,392
	Piper Jaffray Cos.	75	3,855
	Piraeus Bank SA.	52	2,085
	Platinum Underwriters Holdings.	368	13,248
	PMI Group Inc/The.	174	2,789
	PNC Financial Services Group I.	87	6,278
	Popular Inc.	499	5,264
	Power Corp Of Canada.	49	2,101
	Power Financial Corp.	36	1,605
	Principal Financial Group Inc.	85	5,752
	ProAssurance Corp.	124	6,837
	Promise Co Ltd.	40	1,196
	Prosperity REIT.	1,732	358
	Protective Life Corp.	128	5,487
	Provident Bankshares Corp.	179	4,416
	Provident Financial Services I.	354	5,607
	Prudential Financial Inc.	117	11,316
	Prudential PLC.	379	6,164
	Public Storage.	55	4,453
	QBE Insurance Group Ltd.	287	8,688
	Quintain Estates & Development.	58	741

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Radian Group Inc.	158	1,989
	Raiffeisen International Bank.	7	1,157
	RAIT Financial Trust.	368	3,349
	Ratos AB.	35	1,028
	Raymond James Financial Inc.	195	7,264
	Realty Income Corp.	572	16,897
	Redwood Trust Inc.	146	3,847
	Regency Centers Corp.	100	7,148
	Regions Financial Corp.	182	4,936
	Reinsurance Group of America I.	57	3,256
	RenaissanceRe Holdings Ltd.	129	7,526
	Resolution Plc.	106	1,610
	Resona Holdings Inc.	2	3,536
	RLI Corp.	92	5,352
	Royal & Sun Alliance Insurance.	463	1,518
	Royal Bank of Canada.	199	11,804
	Royal Bank of Scotland Group P.	1,466	15,747
	Safeco Corp.	209	12,101
	Sampo Oyj.	77	2,412
	San-In Godo Bank Ltd/The.	124	1,113
	Schroders PLC.	43	1,376
	Segro PLC.	91	884
	Selective Insurance Group.	329	7,998
	Senior Housing Properties Trus.	476	10,672
	Senshu Bank Ltd/The.	428	990
	Shiga Bank Ltd/The.	168	1,187
	Shimao Property Holdings Ltd.	407	1,436
	Shinko Securities Co Ltd.	223	1,140
	Shinsei Bank Ltd.	490	1,571
	Shizuoka Bank Ltd/The.	235	2,452
	Shui On Land Ltd.	1,039	1,434
	Shun Tak Holdings Ltd.	699	1,093
	Simon Property Group Inc.	96	9,995
	Singapore Exchange Ltd.	353	3,806
	Sino Land Co.	483	1,499
	Skandinaviska Enskilda Banken.	84	2,572
	SL Green Realty Corp.	85	10,256
	Societa Cattolica di Assicuraz.	19	1,257
	Societe Generale.	72	12,082
	Sompo Japan Insurance Inc.	327	3,809
	South Financial Group Inc/The.	422	8,719
	Sovereign Bancorp Inc.	658	9,495
	St George Bank Ltd.	176	5,959
	Standard Chartered PLC.	217	8,421
	Standard Life PLC.	327	1,935
	State Street Corp.	169	13,481
	Sterling Bancshares Inc/TX.	493	6,015
	Sterling Financial Corp/WA.	295	6,638
	Stockland.	462	3,851
	Storebrand ASA.	72	1,028
	Strategic Hotels & Resorts Inc.	433	9,457

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Sumitomo Mitsui Financial Grou.	3	24,286
	Sumitomo Realty & Development.	158	5,519
	Sumitomo Trust & Banking Co Lt.	554	4,086
	Sun Hung Kai Properties Ltd.	456	8,637
	Sun Life Financial Inc.	89	5,171
	Suncorp-Metway Ltd.	307	5,799
	Sunstone Hotel Investors Inc.	353	9,817
	Suntec REIT.	873	1,092
	SunTrust Banks Inc.	90	6,534
	Suruga Bank Ltd.	87	1,137
	Susquehanna Bancshares Inc.	293	5,910
	SVB Financial Group. (b)	139	7,199
	Svenska Handelsbanken AB.	78	2,585
	Swedbank AB.	56	1,750
	Swiss Life Holding.	5	1,381
	Swiss Reinsurance.	58	5,443
	SWS Group Inc.	155	2,943
	Sydbank A/S.	21	966
	Synovus Financial Corp.	530	13,971
	T Rowe Price Group Inc.	381	24,475
	T&D Holdings Inc.	82	4,883
	Takefuji Corp.	44	1,121
	Taubman Centers Inc.	217	12,775
	TCF Financial Corp.	247	5,624
	TD Ameritrade Holding Corp. (b)	111	2,125
	Thornburg Mortgage Inc.	233	2,447
	Tokai Tokyo Securities Co Ltd.	193	1,027
	Tokyo Tatemono Co Ltd.	106	1,350
	Tokyo Tomin Bank Ltd/The.	31	1,024
	Tokyu Land Corp.	152	1,560
	Topdanmark A/S. (b)	6	1,024
	Torchmark Corp.	189	12,315
	Toronto-Dominion Bank.	112	8,458
	Travelers Cos Inc/The.	168	8,771
	Trustco Bank Corp NY.	413	4,353
	Trustmark Corp.	292	7,881
	TSX Group Inc.	27	1,456
	UBS AG.	295	15,776
	UCBH Holdings Inc.	561	9,576
	UDR Inc.	267	6,339
	Umpqua Holdings Corp.	361	6,112
	Unibail-Rodamco.	13	3,231
	UniCredito Italiano SpA.	1,903	16,289
	UnionBanCal Corp.	107	5,779
	Unione di Banche Italiane SCPA.	99	2,752
	Unipol Gruppo Finanziario SpA.	341	1,220
	Unipol Gruppo Finanziario SpA.	323	1,212
	United Bankshares Inc.	255	7,727
	United Industrial Corp Ltd.	535	1,146
	United Overseas Bank Ltd.	403	5,989
	Unitrin Inc.	94	4,353

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description       Principal Amount       Value ($)

           Unum Group. 675 15,755

UOL Group Ltd. 306 1,110

Urban Corp. 68 1,173

US Bancorp. 443 14,690

Valad Property Group. 686 1,208

Valiant Holding. 7 1,070

Valley National Bancorp. 244 4,997

Ventas Inc. 260 11,151

W Holding Co Inc. 960 2,016

Wachovia Corp. 521 23,825

Waddell & Reed Financial Inc. 184 6,112

Washington Federal Inc. 491 11,863

Washington Mutual Inc. 271 7,555

Webster Financial Corp. 320 11,597

Weingarten Realty Investors. 161 6,160

Wells Fargo & Co. 1,059 36,017

Wereldhave NV. 3 358

Westfield Group. 599 12,163

Westpac Banking Corp. 609 17,324

Wheelock & Co Ltd. 420 1,355

White Mountains Insurance Grou. 13 6,989

Whitney Holding Corp. 373 9,571

Willis Group Holdings Ltd. 220 9,313

Wilmington Trust Corp. 138 5,019

Wing Hang Bank Ltd. 86 1,006

Wing Lung Bank. 104 1,075

Wing Tai Holdings Ltd. 444 1,062

WR Berkley Corp. 333 10,020

XL Capital Ltd. 55 3,957

Yamaguchi Financial Group Inc. 88 1,026

Yamanashi Chuo Bank Ltd/The. 176 1,024

Zenith National Insurance Corp. 216 8,679

Zurich Financial Services AG. 22 6,623

3,344,664

     HEALTH CARE (0.2%)

Pfizer Inc. 1,824 44,889

44,889

     INDUSTRIAL (8.6%)

3M Co. 191 16,495

AAR Corp. (b) 152 4,872

ABB Ltd. 351 10,557

Acciona SA. 4 1,234

ACS Actividades de Construccio. 31 1,918

Actuant Corp. 114 7,864

Acuity Brands Inc. 180 8,604

Advantest Corp. 55 1,578

Aeroports de Paris. 10 1,143

AGFA-Gevaert NV. 51 708

Agilent Technologies Inc. 173 6,375

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Albany International Corp. 150 5,625

Alfa Laval AB. 17 1,346

Alliant Techsystems Inc. 136 15,013

Allied Waste Industries Inc. 583 7,369

Alps Electric Co Ltd. 110 1,367

Alstom. 16 3,775

Amada Co Ltd. 130 1,300

Amcor Ltd. 299 1,955

Amec PLC. 84 1,458

American Commercial Lines Inc. 67 999

Ametek Inc. 179 8,413

Amphenol Corp. 299 13,237

Ansell Ltd. 107 1,233

Applera Corp - Applied Biosyst. 365 13,556

Aptargroup Inc. 259 11,577

Arkansas Best Corp. 139 3,816

Arriva Plc. 68 1,185

Arrow Electronics Inc. (b) 195 7,796

Asahi Glass Co Ltd. 390 5,314

Assa Abloy AB. 51 1,068

Astec Industries Inc. 69 3,127

Auckland International Airport. 428 947

Avnet Inc. (b) 236 9,846

BAE Systems PLC. 522 5,406

Balfour Beatty PLC. 123 1,266

BE Aerospace Inc. 372 18,492

Belden Inc. 185 10,780

Bemis Co Inc. 205 5,773

Benchmark Electronics Inc. 444 9,106

Bilfinger Berger AG. 13 1,150

Boeing Co. 305 30,070

Bombardier Inc. (b) 222 1,316

Boral Ltd. 198 1,249

Bouygues. 42 4,031

Briggs & Stratton Corp. 283 6,370

Brink's Co/The. 165 10,337

Brother Industries Ltd. 92 1,226

Bucyrus International Inc. 147 12,128

Burlington Northern Santa Fe C. 92 8,018

Buzzi Unicem SpA. 35 993

CAE Inc. 85 1,146

Campbell Brothers Ltd. 47 1,490

Canadian National Railway Co. 74 4,150

Canadian Pacific Railway Ltd. 23 1,618

Carlisle Cos Inc. 254 10,020

Casio Computer Co Ltd. 87 817

Central Glass Co Ltd. 196 922

Ceradyne Inc. 101 6,909

CH Robinson Worldwide Inc. 251 12,530

Charter Plc. (b) 46 1,037

Checkpoint Systems Inc. (b) 226 6,837

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Cheung Kong Infrastructure Hol. 304 1,185

China Grand Forestry Resources. (b) 2,661 930

Chiyoda Corp. 58 1,066

Cie de Saint-Gobain. 57 6,108

Cimpor Cimentos de Portugal SG. 110 997

Cobham PLC. 279 1,221

Coherent Inc. 130 4,264

ComfortDelgro Corp Ltd. 802 1,070

Commercial Metals Co. 234 7,343

COMSYS Holdings Corp. 98 952

Cookson Group PLC. 77 1,334

Cooper Industries Ltd. 301 15,769

Cosco Corp Singapore Ltd. 322 1,725

CRH PLC. 84 3,208

CSR Ltd. 380 1,207

CTS Corp. 221 2,729

Cummins Inc. 136 16,315

Cymer Inc. 113 4,803

Daifuku Co Ltd. 88 1,041

Daiichi Chuo Kisen Kaisha. 148 1,219

Daikin Industries Ltd. 88 4,409

Dainippon Screen Manufacturing. 148 872

Danaher Corp. 102 8,738

Deere & Co. 58 8,984

Deutsche Post AG. 129 3,905

Dionex Corp. 77 6,776

Disco Corp. 20 1,181

Donaldson Co Inc. 289 12,387

Downer EDI Ltd. 182 1,124

DRS Technologies Inc. 164 9,420

Dyno Nobel Ltd. 593 1,359

EADS. 53 1,799

Eagle Materials Inc. 195 7,704

East Japan Railway Co. 1 8,208

Eastman Kodak Co. 566 16,222

Eaton Corp. 298 27,589

Ebara Corp. 227 1,062

Eiffage SA. 8 904

EMCOR Group Inc. 249 8,573

Energizer Holdings Inc. 82 8,553

Energy Conversion Devices Inc. 162 4,421

ESCO Technologies Inc. (b) 105 4,346

Esterline Technologies Corp. (b) 107 5,861

Expeditors International Washi. 307 15,550

Fanuc Ltd. 66 7,173

FCC. 12 1,045

FedEx Corp. 82 8,474

Finmeccanica SpA. 45 1,335

Finning International Inc. 42 1,445

Firstgroup Plc. 84 1,389

Fletcher Building Ltd. 157 1,436

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Flir Systems Inc. 249 17,278

Florida Rock Industries Inc. 93 5,852

Flowserve Corp. 96 7,580

FLSmidth & Co A/S. 12 1,301

Fluor Corp. 127 20,066

Forward Air Corp. 120 3,916

Foster Wheeler Ltd. (b) 101 14,973

Fuji Electric Holdings Co Ltd. 262 988

FUJIFILM Holdings Corp. 171 8,152

Fujikura Ltd. 175 1,119

Funai Electric Co Ltd. 19 802

Furukawa Electric Co Ltd. 235 1,120

Futuris Corp Ltd. 530 1,047

Gamesa Corp Tecnologica SA. 27 1,369

Gardner Denver Inc. 212 7,660

Garmin Ltd. 192 20,621

General Cable Corp. (b) 206 14,830

General Dynamics Corp. 87 7,914

General Electric Co. 2,655 109,280

General Maritime Corp. 149 4,199

Genlyte Group Inc. 40 2,604

Gentex Corp. 276 5,735

Glory Ltd. 41 1,347

Go-Ahead Group Plc. 19 1,066

GrafTech International Ltd. 557 10,527

Granite Construction Inc. 139 5,952

Grupo Ferrovial SA. 12 1,044

Hamamatsu Photonics KK. 35 1,095

Hankyu Hanshin Holdings Inc. 423 1,976

Harsco Corp. 121 7,335

HeidelbergCement AG. 7 1,116

Heidelberger Druckmaschinen AG. 22 901

Hirose Electric Co Ltd. 12 1,427

Hitachi Cable Ltd. 177 1,174

Hitachi Construction Machinery. 30 1,217

Hitachi Koki Co Ltd. 61 1,081

Hitachi Ltd. 1,107 7,494

Hitachi Zosen Corp. (b) 562 930

Hochtief AG. 11 1,508

Holcim Ltd. 31 3,532

Honeywell International Inc. 173 10,451

Hong Kong Aircraft Engineerg. 62 1,569

Horiba Ltd. 28 1,238

Hosiden Corp. 69 1,205

HOYA CORP. 143 5,168

Hubbell Inc. 105 5,775

Ibiden Co Ltd. 49 4,132

IDEX Corp. 325 11,512

Ihi Corp. 488 1,159

Iino Kaiun Kaisha Ltd. 84 1,172

Imerys SA. 11 1,069

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

IMI Plc. 91 1,063

Ingersoll-Rand Co Ltd. 71 3,575

Insituform Technologies Inc. 191 2,685

Intermec Inc. 200 5,084

Invensys PLC. 141 959

Itron Inc. 121 13,006

ITT Corp. 260 17,399

Jacobs Engineering Group Inc. (b) 189 16,471

Japan Airport Terminal Co Ltd. 62 1,204

Japan Steel Works Ltd/The. 123 1,981

JGC Corp. 84 1,664

JM AB. 36 798

Joy Global Inc. 176 10,219

JS Group Corp. 91 1,466

Kajima Corp. 350 1,232

Kawasaki Heavy Industries Ltd. 518 1,854

Kawasaki Kisen Kaisha Ltd. 195 2,672

Kaydon Corp. 118 6,347

Keihan Electric Railway Co Ltd. 305 1,216

Keihin Electric Express Railwa. 179 1,094

Keio Corp. 192 1,165

Keisei Electric Railway Co Ltd. 213 1,167

Kemet Corp. 492 3,478

Kennametal Inc. 145 13,225

Keyence Corp. 12 2,753

Kinden Corp. 123 1,086

Kingspan Group Plc. 45 1,072

Kintetsu Corp. 565 1,714

Kirby Corp. (b) 86 3,928

Kitz Corp. 108 882

Komatsu Ltd. 310 10,237

Komori Corp. 47 1,230

Kone OYJ. 16 1,323

Konica Minolta Holdings Inc. 176 3,051

Koninklijke BAM Groep NV. 37 976

Kubota Corp. 378 3,165

Kuehne & Nagel International A. 11 1,179

Kurita Water Industries Ltd. 37 1,225

Kyocera Corp. 62 5,191

Kyowa Exeo Corp. 95 846

L-3 Communications Holdings In. 180 19,735

Lafarge SA. 23 3,739

Landstar System Inc. 222 9,344

Leggett & Platt Inc. 352 6,839

Legrand SA. 31 1,144

Leighton Holdings Ltd. 43 2,491

Lincoln Electric Holdings Inc. 164 11,849

Littelfuse Inc. 93 2,960

Mabuchi Motor Co Ltd. 18 1,211

Macquarie Airports. 540 2,203

Makino Milling Machine Co Ltd. 81 838

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Makita Corp. 48 2,292

MAN AG. 15 2,680

Manitowoc Co Inc/The. 182 8,965

Martin Marietta Materials Inc. 60 7,761

Maruichi Steel Tube Ltd. 41 1,158

Masco Corp. 120 2,890

Matsushita Electric Works Ltd. 120 1,322

Matthews International Corp. 129 5,879

McDermott International Inc. (b) 329 20,089

Meggitt PLC. 174 1,235

Methode Electronics Inc. 213 2,671

Metso Oyj. 20 1,215

Mettler Toledo International I. 63 6,700

Mine Safety Appliances Co. 90 4,121

Minebea Co Ltd. 200 1,378

MISUMI Group Inc. 64 1,076

Mitsubishi Electric Corp. 713 8,627

Mitsubishi Heavy Industries Lt. 1,116 6,423

Mitsui Engineering & Shipbuild. 257 1,492

Mitsui OSK Lines Ltd. 397 6,483

Mitsumi Electric Co Ltd. 28 1,274

Molex Inc. 147 4,013

Monadelphous Group Ltd. 78 1,223

Moog Inc. (b) 159 7,338

Mori Seiki Co Ltd. 33 825

MTR Corp. 433 1,492

MTU Aero Engines Holding AG. 16 978

Mueller Industries Inc. 209 7,516

Mueller Water Products Inc. 359 3,798

Multiplex Group. 278 1,302

Murata Manufacturing Co Ltd. 74 4,458

Nabtesco Corp. 72 1,216

Nachi-Fujikoshi Corp. 216 1,060

Nagoya Railroad Co Ltd. 371 1,090

Nankai Electric Railway Co Ltd. 366 1,006

National Express Group PLC. 46 1,261

National Instruments Corp. 237 7,688

NCI Building Systems Inc. 81 3,174

NEC Corp. 674 3,330

Neptune Orient Lines Ltd. 293 1,033

Newport Corp. (b) 143 1,955

Nexans SA. 6 1,019

NGK Insulators Ltd. 98 3,440

Nichias Corp. 108 815

Nichicon Corp. 70 831

Nidec Corp. 40 2,999

Nikon Corp. 115 3,638

Nippon Chemi-Con Corp. 103 807

Nippon Electric Glass Co Ltd. 122 2,061

Nippon Express Co Ltd. 315 1,573

Nippon Sheet Glass Co Ltd. 222 1,343

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

Nippon Yusen KK. 406 4,152

Nishi-Nippon Railroad Co Ltd. 301 1,093

NKT Holding A/S. 10 1,090

Nordson Corp. 123 6,581

Norfolk Southern Corp. 114 5,888

Norsk Hydro ASA. 112 1,644

Northrop Grumman Corp. 82 6,857

NSK Ltd. 161 1,411

NTN Corp. 148 1,402

Obayashi Corp. 239 1,197

Odakyu Electric Railway Co Ltd. 206 1,437

OKUMA Corp. 66 913

Old Dominion Freight Line Inc. 132 2,982

Olympus Corp. 83 3,417

Omron Corp. 78 1,896

Orbotech Ltd. (b) 191 3,954

Orient Overseas International. 91 932

OSG Corp. 77 968

Owens-Illinois Inc. 286 12,704

Pacer International Inc. 214 3,154

Pacific Basin Shipping Ltd. 737 1,628

Packaging Corp of America. 179 5,699

Pall Corp. 242 9,697

Park Electrochemical Corp. 78 2,443

Parker Hannifin Corp. 364 29,215

Pentair Inc. 203 7,184

Power-One Inc. 371 2,104

Precision Castparts Corp. 60 8,989

Regal-Beloit Corp. 134 6,571

Republic Services Inc. 340 11,625

Rexam PLC. 107 1,207

Rheinmetall AG. 12 1,062

Rieter Holding AG. 2 1,159

Rinnai Corp. 36 1,114

Rockwell Automation Inc/DE. 62 4,271

Rockwell Collins Inc. 239 17,880

Rolls-Royce Group PLC. 280 3,133

Roper Industries Inc. 127 8,993

Royal Philips. 177 7,319

Ryder System Inc. 122 5,838

Sacyr Vallehermoso SA. 23 1,081

Safran SA. 43 1,090

Sagami Railway Co Ltd. 333 1,169

Saia Inc. 90 1,268

Sankyu Inc. 218 1,230

Sanmina-SCI Corp. 1,342 2,966

Sanwa Holdings Corp. 184 966

Sanyo Electric Co Ltd. 704 1,159

Schindler Holding AG. 17 1,189

Schneider Electric SA. 37 5,094

Seino Holdings Corp. 112 954

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2030 Target Date Fund
Schedule of Portfolio Investments

Shares or

Security Description Principal Amount Value ($)

SembCorp Industries Ltd. 290 1,183

SembCorp Marine Ltd. 406 1,246

Sharp Corp. 363 5,679

Shima Seiki Manufacturing Ltd. 25 1,278

Shimizu Corp. 242 1,256

Siemens AG. 131 17,907

SIG Plc. 41 904

Sims Group Ltd. 47 1,232

Singapore Post Ltd. 1,331 1,122

Skanska AB. 61 1,205

SMC Corp/Japan. 21 2,799

Snap-On Inc. 236 11,779

SNC-Lavalin Group Inc. 30 1,553

Sonoco Products Co. 195 6,029

Spirit Aerosystems Holdings In. 397 13,784

ST Engineering. 447 1,174

Stanley Electric Co Ltd. 61 1,346

Stanley Works/The. 163 9,381

Star Micronics Co Ltd. 37 1,155

Stericycle Inc. 139 8,108

STX Pan Ocean Co Ltd. 704 1,791

Sumitomo Electric Industries L. 252 4,047

Sumitomo Heavy Industries Ltd. 200 2,611

Tadano Ltd. 75 935

Taiheiyo Cement Corp. 315 983

Taisei Corp. 354 1,059

Taiyo Yuden Co Ltd. 50 820

Techtronic Industries Co. 917 983

Teekay Corp. 87 4,868

Tektronix Inc. 153 5,791

Teledyne Technologies Inc. 131 6,853

Teleflex Inc. 157 11,494

Tenaris SA. 73 1,948

Terex Corp. (b) 149 11,059

Tetra Tech Inc. 334 7,799

Texas Industries Inc. 109 7,964

Textron Inc. 72 4,983

Thales SA. 19 1,184

THK Co Ltd. 46 1,007

Thomas & Betts Corp. (b) 101 5,657

Timken Co. 153 5,089

Titan Cement Co SA. 21 1,024

TNT NV. 60 2,454

Tobu Railway Co Ltd. 285 1,339

Toda Corp. 199 1,037

Toho Zinc Co Ltd. 113 1,012

Tokyo Seimitsu Co Ltd. 32 747

Tokyu Corp. 351 2,266

Toll Holdings Ltd. 198 2,455

Tomkins Plc. 226 1,042

Toshiba Corp. 1,069 8,941

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Security Description       Principal Amount       Value ($)

           Toyo Seikan Kaisha Ltd. 64 1,151

Toyota Industries Corp. 74 3,143

Transfield Services Ltd. 112 1,636

Transpacific Industries Group. 95 987

Transport International Holdin. 202 1,024

Travis Perkins PLC. 28 847

Tredegar Corp. 160 2,787

Trimble Navigation Ltd. 480 20,016

Trinity Industries Inc. 135 4,879

Tsubakimoto Chain Co. 150 1,027

Tyco International Ltd. 128 5,270

Ulvac Inc. 27 1,048

Union Pacific Corp. 75 9,603

United Group Ltd. 68 1,349

United Technologies Corp. 266 20,373

URS Corp. (b) 214 13,227

Ushio Inc. 57 1,166

UTi Worldwide Inc. 140 3,571

Vallourec. 8 2,318

Varian Inc. 123 9,088

Venture Corp Ltd. 108 1,038

Vestas Wind Systems A/S. (b) 29 2,587

Vishay Intertechnology Inc. 342 4,306

Wabtec Corp. 202 7,581

Wartsila Oyj. 15 1,225

Washington Group International. (b) 118 11,487

Waste Connections Inc. 276 9,332

Waste Management Inc. 150 5,459

Waters Corp. 143 11,008

Weir Group Plc (The). 72 1,328

Werner Enterprises Inc. 322 6,124

Wesfarmers Ltd. 129 5,280

Wienerberger AG. 16 996

WorleyParsons Ltd. 65 2,906

Worthington Industries Inc. 390 9,750

Yamatake Corp. 36 1,120

Yamato Holdings Co Ltd. 148 2,169

Yaskawa Electric Corp. 89 1,185

YIT OYJ. 34 1,046

Yokogawa Electric Corp. 80 1,001

YRC Worldwide Inc. (b) 316 7,767

Zardoya Otis SA. 35 1,181

Zebra Technologies Corp. 115 4,495

Zodiac SA. 15 1,038

1,987,662

     TECHNOLOGY (6.1%)

ACI Worldwide Inc. 361 8,256

Actel Corp. 215 2,449

Activision Inc. 451 10,666

Adobe Systems Inc. (b) 249 11,927

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Security Description Principal Amount Value ($)

Advanced Micro Devices Inc. (b) 849 11,105

Advent Software Inc. 79 4,371

Affiliated Computer Services I. 156 7,903

Agilysys Inc. 173 2,993

Altera Corp. 601 11,792

Amkor Technology Inc. 575 6,515

Analog Devices Inc. 140 4,684

Ansys Inc. 286 11,100

Apple Inc. (b) 380 72,181

Applied Materials Inc. 597 11,594

ARM Holdings Plc. 362 1,118

ASM Pacific Technology. 118 920

ASML Holding NV. 63 2,194

Asyst Technologies Inc. 405 1,944

ATMI Inc. 144 4,628

Atos Origin SA. (b) 18 1,094

Autodesk Inc. (b) 384 18,778

Automatic Data Processing Inc. 238 11,795

Autonomy Corp PLC. 64 1,308

Avid Technology Inc. 170 4,996

Axcelis Technologies Inc. 699 3,278

BEA Systems Inc. 759 12,827

BMC Software Inc. 330 11,167

Borland Software Corp. 419 1,835

Broadcom Corp. 201 6,543

Brocade Communications Systems. 1,177 11,193

Brooks Automation Inc. 631 8,190

Business Objects SA. (b) 24 1,442

CA Inc. 182 4,814

Cabot Microelectronics Corp. 100 3,968

CACI International Inc. 127 6,839

Canon Inc. 413 20,583

Cap Gemini SA. 22 1,402

Cerner Corp. 104 6,194

CGI Group Inc. 106 1,207

Ciber Inc. 306 2,384

Citrix Systems Inc. 262 11,263

Cognizant Technology Solutions. 414 17,164

Cognos Inc. 27 1,363

Computer Sciences Corp. (b) 342 19,969

Computershare Ltd. 166 1,322

Compuware Corp. 640 6,400

Conexant Systems Inc. 3,430 4,390

CSG Systems International Inc. 250 5,133

CSK Holdings Corp. 34 1,323

Dassault Systemes SA. 18 1,126

Dell Inc. 844 25,826

DSP Group Inc. 176 2,779

DST Systems Inc. 72 6,099

Dun & Bradstreet Corp. 84 8,135

Electronic Arts Inc. 134 8,190

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Security Description Principal Amount Value ($)

Electronics for Imaging. 318 7,250

EMC Corp/Massachusetts. (b) 903 22,927

Emulex Corp. 492 10,657

Entegris Inc. 714 6,519

Factset Research Systems Inc. 73 5,148

Fidelity National Information. 274 12,637

Fiserv Inc. 235 13,019

Formfactor Inc. 183 7,157

Fujitsu Ltd. 687 5,359

Global Payments Inc. 128 6,088

Hewlett-Packard Co. 1,098 56,745

Hutchinson Technology Inc. 149 3,536

IBM. 355 41,223

IKON Office Solutions Inc. 607 8,012

Imation Corp. 203 4,523

Indra Sistemas SA. 42 1,218

Infineon Technologies AG. (b) 116 1,702

Informatica Corp. 338 5,773

Intel Corp. 2,444 65,744

International Rectifier Corp. 118 3,939

Intersil Corp. 262 7,949

Intuit Inc. 442 14,219

Itochu Techno-Solutions Corp. 30 1,063

Jack Henry & Associates Inc. 480 14,026

Kla-Tencor Corp. 81 4,265

Konami Corp. 48 1,410

Kulicke & Soffa Industries Inc. (b) 325 2,460

Lam Research Corp. 171 8,584

Lattice Semiconductor Corp. 736 3,076

Lenovo Group Ltd. 1,629 1,835

Linear Technology Corp. 111 3,665

LogicaCMG PLC. 346 1,171

Logitech International SA. (b) 40 1,390

Marvell Technology Group Ltd. 192 3,462

Mastercard Inc. 95 18,007

Maxim Integrated Products Inc. 135 3,659

MEMC Electronic Materials Inc. 96 7,029

Micrel Inc. 350 3,168

Micros Systems Inc. 163 11,707

Microsemi Corp. (b) 270 7,185

Microsoft Corp. 3,501 128,872

Misys PLC. 224 1,126

National Semiconductor Corp. 347 8,724

NAVTEQ Corp. 140 10,808

NCR Corp. 301 8,305

Neopost SA. 7 813

Network Appliance Inc. 162 5,101

Nomura Research Institute Ltd. 53 1,860

Novell Inc. 658 4,974

Novellus Systems Inc. 195 5,540

Nvidia Corp. 178 6,298

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Security Description Principal Amount Value ($)

Obic Co Ltd. 6 1,200

OC Oerlikon Corp AG. 2 950

ON Semiconductor Corp. 491 5,008

Oracle Corp Japan. 25 1,144

Oracle Corp. 1,682 37,290

Otsuka Corp. 12 1,145

Palm Inc. 584 5,268

Parametric Technology Corp. 639 12,205

Paychex Inc. 147 6,142

Perot Systems Corp. 499 7,285

Photronics Inc. 273 2,987

Pitney Bowes Inc. 64 2,563

PMC - Sierra Inc. 1,188 10,704

QLogic Corp. 305 4,737

Quantum Corp. 1,327 5,308

Rambus Inc. 172 3,404

Red Hat Inc. 321 6,930

Research In Motion Ltd. 72 8,973

Ricoh Co Ltd. 244 4,769

Rohm Co Ltd. 36 3,136

Sage Group PLC. 232 1,168

Salesforce.com Inc. 154 8,681

SanDisk Corp. 105 4,662

SAP AG. 138 7,499

SEI Investments Co. 202 6,387

Seiko Epson Corp. 54 1,261

Semiconductor Manufacturing In. 8,393 953

Semtech Corp. 350 5,989

Shinko Electric Industries Co. 45 1,024

Silicon Laboratories Inc. 222 9,701

Silicon Storage Technology Inc. 756 2,510

Skyworks Solutions Inc. (b) 897 8,270

Square Enix Co Ltd. 38 1,245

SRA International Inc. 172 4,723

STMicroelectronics NV. 102 1,742

Sun Microsystems Inc. 1,158 6,612

Sybase Inc. 514 14,700

Synopsys Inc. 285 8,054

Take-Two Interactive Software. 293 5,503

TDK Corp. 44 3,581

Teradata Corp. 582 16,604

Teradyne Inc. 374 4,615

Tessera Technologies Inc. 185 7,065

Texas Instruments Inc. 614 20,016

THQ Inc. 273 7,396

Tokyo Electron Ltd. 55 3,199

TomTom NV. 17 1,356

Trident Microsystems Inc. 238 1,792

TriQuint Semiconductor Inc. 987 6,188

Unisys Corp. (b) 699 4,250

Varian Semiconductor Equipment. 269 12,379

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Security Description       Principal Amount       Value ($)

           VeriFone Holdings Inc. 109 5,388

Western Digital Corp. 450 11,664

Wincor Nixdorf AG. 12 1,191

Wind River Systems Inc. 497 6,217

Xerox Corp. 414 7,220

Xilinx Inc. 607 14,811

1,408,351

     UTILITIES (3.3%)

AEM SpA. 326 1,372

AES Corp/The. (b) 295 6,316

AGL Energy Ltd. 144 1,616

AGL Resources Inc. 441 17,433

Algonquin Power Income Fund. 45 417

Allegheny Energy Inc. 260 15,772

Allete Inc. 146 6,379

Alliant Energy Corp. 225 9,000

Ameren Corp. 412 22,273

American Electric Power Co Inc. 128 6,171

Aqua America Inc. 262 6,094

Aquila Inc. (b) 2,301 9,618

Atmos Energy Corp. 503 14,109

Avista Corp. 301 6,637

Babcock & Brown Infrastructure. 758 1,154

Black Hills Corp. 211 9,373

British Energy Group PLC. 158 1,751

Canadian Utilities Ltd. 24 1,381

Centerpoint Energy Inc. 560 9,386

Centrica PLC. 569 4,364

China Resources Power Holdings. 421 1,556

Chubu Electric Power Co Inc. 245 6,254

Chugoku Electric Power Co Inc/. 97 1,904

Cleco Corp. 331 8,722

CLP Holdings Ltd. 541 3,637

CMS Energy Corp. 440 7,467

Consolidated Edison Inc. 86 4,050

Contact Energy Ltd. 153 1,069

Dominion Resources Inc/VA. 68 6,231

DPL Inc. 224 6,505

DTE Energy Co. 324 16,070

Duke Energy Corp. 325 6,230

Dynegy Inc. (b) 800 7,368

E.ON AG. 107 20,930

Edison International. 77 4,473

El Paso Electric Co. 258 6,282

Electric Power Development Co. 55 2,179

Electricite de France. 36 4,317

Enagas. 45 1,277

Endesa SA. 72 3,750

Enel SpA. 650 7,781

Energias de Portugal SA. 351 2,257

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Security Description Principal Amount Value ($)

Energy East Corp. 309 8,615

Entergy Corp. 57 6,833

Exelon Corp. 194 16,059

FirstEnergy Corp. 78 5,437

Fortis Inc. 44 1,315

Fortum Oyj. 68 2,948

FPL Group Inc. 96 6,568

Gas Natural SDG SA. 19 1,168

Gaz de France SA. 30 1,703

Great Plains Energy Inc. 167 4,983

Hawaiian Electric Industries I. 462 10,718

Hokkaido Electric Power Co Inc. 66 1,419

Hokuriku Electric Power Co. 68 1,420

Hong Kong & China Gas Co. 1,206 3,229

HongKong Electric Holdings. 435 2,228

Iberdrola SA. 592 9,526

Idacorp Inc. 248 8,653

Integrys Energy Group Inc. 163 8,771

International Power PLC. 232 2,359

Kansai Electric Power Co Inc/T. 282 6,330

Kyushu Electric Power Co Inc. 150 3,647

MDU Resources Group Inc. 330 9,293

National Grid PLC. 418 6,967

Nicor Inc. 88 3,808

NiSource Inc. 543 11,104

Northeast Utilities. 304 9,372

Northumbrian Water Group PLC. 177 1,209

Northwest Natural Gas Co. 157 7,563

NorthWestern Corp. 222 6,123

NRG Energy Inc. 379 17,305

NSTAR. 212 7,454

OGE Energy Corp. 184 7,047

Osaka Gas Co Ltd. 704 2,728

Pennon Group PLC. 87 1,134

Pepco Holdings Inc. 390 11,111

PG&E Corp. 90 4,404

Piedmont Natural Gas Co. 406 10,365

Pinnacle West Capital Corp. 194 7,838

PNM Resources Inc. 393 9,829

PPL Corp. 99 5,118

Progress Energy Inc. 85 4,080

Public Power Corp SA. 36 1,459

Public Service Enterprise Grou. 59 5,640

Puget Energy Inc. 233 6,582

Red Electrica de Espana. 24 1,347

Reliant Energy Inc. 670 18,438

RWE AG. 72 9,813

RWE AG. 11 1,331

SCANA Corp. 206 8,362

Scottish & Southern Energy PLC. 134 4,336

Sempra Energy. 75 4,613

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Security Description       Principal Amount       Value ($)

           Severn Trent PLC. 42 1,267

Shikoku Electric Power Co Inc. 80 2,004

Sierra Pacific Resources. 449 7,575

Snam Rete Gas SpA. 196 1,267

Southern Co. 195 7,149

Southwest Gas Corp. 237 7,053

Suez SA. 179 11,641

TECO Energy Inc. 407 6,850

Terna Rete Elettrica Nazionale. 318 1,245

Toho Gas Co Ltd. 236 1,217

Tohoku Electric Power Co Inc. 167 3,517

Tokyo Electric Power Co Inc/Th. 449 11,364

Tokyo Gas Co Ltd. 794 3,517

TransAlta Corp. 38 1,367

UGI Corp. 592 15,760

Union Fenosa SA. 20 1,330

Unisource Energy Corp. 195 6,185

United Utilities PLC. 136 2,064

Vectren Corp. 432 12,113

Veolia Environnement. 61 5,447

Verbund. 22 1,453

Westar Energy Inc. 540 14,375

WGL Holdings Inc. 280 9,498

Wisconsin Energy Corp. 233 11,156

Xcel Energy Inc. 811 18,288

765,328

Total Common Stock (Cost $ 14,235,052) 15,626,877

CORPORATE BONDS (4.1%)

     BASIC MATERIALS (0.2%)

E.I. Du Pont De Nemours, 4.88%, 4/30/2014 9,000 8,749

Eastman Chemical, 7.60%, 2/1/2027 15,000 16,532

Weyerhaeuser Co., 6.95%, 8/1/2017 12,000 12,440

37,721

     COMMUNICATIONS (0.4%)

Comcast Corp., 6.50%, 11/15/2035 20,000 20,290

Sprint Capital Corp., 8.38%, 3/15/2012 24,000 26,212

Verizon Communications, 7.25%, 12/1/2010 35,000 37,339

83,841

     CONSUMER GOODS (0.7%)

Anheuser-Busch Cos, Inc., 5.05%, 10/15/2016 12,000 11,647

Bottling Group Llc., 4.63%, 11/15/2012 16,000 15,749

Coca-Cola Enterprises, 8.50%, 2/1/2022 12,000 15,123

Conagra Foods, Inc., 6.75%, 9/15/2011 12,000 12,599

Kimberly-Clark Corp., 5.00%, 8/15/2013 10,000 9,899

Kohls Corporation, 6.00%, 1/15/2033 28,000 25,314

Macys Retail Holdings, Inc., 5.75%, 7/15/2014 12,000 11,611

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Security Description       Principal Amount       Value ($)

           Procter & Gamble Co., 4.95%, 8/15/2014 15,000 14,877

Target Corp., 5.88%, 3/1/2012 12,000 12,360

Wal-Mart Stores, 4.55%, 5/1/2013 23,000 22,460

151,638

     ENERGY (0.1%)

Kinder Morgan Energy Partners LP, 7.75%, 3/15/2032 12,000 13,392

13,392

     FINANCIAL (1.6%)

Allstate Corp., 7.20%, 12/1/2009 12,000 12,535

American General Finance, 5.38%, 10/1/2012 41,000 40,580

Citigroup, Inc., 6.63%, 1/15/2028 21,000 22,007

Conocophillips Canada, 5.63%, 10/15/2016 32,000 32,572

Countrywide Financial Corp., 6.25%, 5/15/2016 93,000 74,019

John Hancock Global Funding Ltd., 7.90%, 7/2/2010^† 12,000 12,869

JPMorgan Chase Capital XVIII, 6.95%, 8/17/2036 10,000 9,866

Lehman Brothers Holdings, 6.63%, 1/18/2012 15,000 15,475

Morgan Stanley, 6.75%, 4/15/2011 29,000 30,304

National Rural Utilities, 7.25%, 3/1/2012 15,000 16,078

Prudential Financial, Inc., 5.10%, 9/20/2014 35,000 33,802

US Bank Na., 6.38%, 8/1/2011 15,000 15,632

Wachovia Bank Na., 7.80%, 8/18/2010 23,000 24,651

Wells Fargo & Co., 4.63%, 8/9/2010 26,000 25,749

366,140

     HEALTH CARE (0.1%)

Wyeth, 5.50%, 2/1/2014 15,000 15,041

15,041

     INDUSTRIAL (0.8%)

Boeing Co., 6.13%, 2/15/2033 12,000 12,399

Burlington Northern Santa Fe Railway Company, 7.00%, 12/15/2025 12,000 12,967

General Electric Company, 5.00%, 2/1/2013 52,000 51,587

Norfolk Southern Corp., 6.20%, 4/15/2009 118,000 119,718

196,671

     TECHNOLOGY (0.1%)

IBM Corp., 8.38%, 11/1/2019 12,000 14,784

14,784

     UTILITIES (0.3%)

Duke Energy Carolinas, 6.25%, 1/15/2012 (Utilities) 12,000 12,467

Exelon Corporation, 4.90%, 6/15/2015 (Utilities) 12,000 11,259

Florida Power & Light, 5.95%, 10/1/2033 (Utilities) 30,000 29,967

Southern Power Co., 4.88%, 7/15/2015 (Utilities) 12,000 11,411

65,103

Total Corporate Bonds (Cost $ 965,660) 944,332

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Security Description       Principal Amount       Value ($)

U.S. Government Agency Pass-Through Securities (4.2%)

     FREDDIE MAC (1.0%)

           4.00%, 6/1/2018, Pool #E01401 24,032 22,796

4.50%, 1/1/2019, Pool #B11878 37,276 36,148

5.00%, 8/1/2033, Pool #A12886 20,973 20,185

5.50%, 10/1/2034, Pool #A27526 27,618 27,262

5.50%, 11/1/2035, Pool #A47728 50,277 49,551

5.50%, 8/1/2033, Pool #A11851 30,845 30,454

6.00%, 7/1/2034, Pool #A24370 25,799 26,022

6.50%, 12/1/2033, Pool #A16523 14,958 15,391

227,810

     FANNIE MAE (3.1%)

4.41%, 10/1/2035, Pool #836206 30,742 30,439

4.50%, 1/1/2019, Pool #735057 14,409 13,977

4.50%, 9/1/2020, Pool #839289 14,998 14,513

5.00%, 1/1/2019, Pool #255077 21,022 20,767

5.00%, 12/1/2019, Pool #745369 9,004 8,895

5.00%, 12/1/2026, Pool #256570 40,306 39,099

5.00%, 5/1/2018, Pool #703444 24,330 23,954

5.00%, 5/1/2034, Pool #768230 23,440 22,498

5.00%, 6/1/2020, Pool #839333 28,933 28,485

5.00%, 7/1/2034, Pool #255268 61,962 59,617

5.00%, 8/1/2033, Pool #713679 43,214 41,477

5.50%, 12/1/2020, Pool #850811 94,171 94,335

5.50%, 3/1/2020, Pool #735405 31,291 31,344

5.50%, 4/1/2034, Pool #725424 27,699 27,296

5.50%, 8/1/2017, Pool #826283 8,261 8,312

5.50%, 9/1/2033, Pool #254869 62,305 61,572

6.00%, 10/1/2032, Pool #667994 33,172 33,568

6.00%, 4/1/2035, Pool #735503 12,855 12,997

6.00%, 6/1/2017, Pool #555004 19,852 20,225

6.00%, 9/1/2033, Pool #736937 13,033 13,129

6.50%, 4/1/2036, Pool #851187 62,596 64,070

6.50%, 9/1/2034, Pool #783390 21,614 22,123

7.00%, 4/1/2034, Pool #780703 18,902 19,691

712,383

     GNMA (0.1%)

5.50%, 4/15/2033, Pool #603566 11,277 11,222

5.50%, 4/15/2034, Pool #626116 7,536 7,495

6.00%, 9/20/2034, Pool #2 3611 13,561 13,713

32,430

Total U.S. Government Agency Pass-Through Securities (Cost $ 968,520) 972,622

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Security Description       Principal Amount       Value ($)

U.S. Government Agency Securities (1.8%)

     FANNIE MAE (0.2%)

4.50%, 10/15/2008 35,000 35,108

35,108

     FEDERAL HOME LOAN BANK (0.04%)

           4.63%, 11/21/2008 10,000 10,016

10,016

     FREDDIE MAC (1.6%)

4.63%, 12/19/2008, (Freddie Mac) 145,000 145,263

4.75%, 1/18/2011, (Freddie Mac) 25,000 25,239

4.75%, 1/19/2016, (Freddie Mac) 62,000 61,608

6.25%, 7/15/2032, (Freddie Mac) 99,000 113,056

6.63%, 9/15/2009, (Fannie Mae) 35,000 36,423

381,588

Total U.S. Government Agency Securities (Cost $ 424,946) 426,711

U.S. Treasury Obligations (2.2%)

     U.S. TREASURY NOTES (1.7%)

4.00%, 2/15/2015 13,000 12,730

4.00%, 4/15/2010 69,000 69,108

4.00%, 6/15/2009 153,000 153,108

4.25%, 8/15/2015 30,000 29,775

4.88%, 2/15/2012 57,000 58,790

5.00%, 2/15/2011 50,000 51,625

5.63%, 5/15/2008 25,000 25,193

400,329

     U.S. TREASURY BONDS (0.5%)

5.25%, 11/15/2028 101,000 107,139

107,139

Total U.S. Treasury Obligations (Cost $ 498,994) 507,468

Foreign Government Agency Securities (3.9%)

     BELGIUM (0.2%)

Belgian Government Bond, 5.50%, 9/28/2017 27,000 42,588

42,588

     SPAIN (0.2%)

Bonos Y Obligaciόn Del Estado 5.50%, 7/30/2017 29,000 45,739

45,739

     GERMANY (0.5%)

Bundesobligation 4.00%, 4/13/2012 85,000 122,367

122,367

     ITALY (0.5%)

Buoni Poliennali Del Tesoro 5.25%, 8/01/2017 74,000 113,685

113,685

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Security Description       Principal Amount       Value ($)

     FRANCE (0.4%)

          France O.A.T 3.75%, 4/25/2017 70,000 96,877

96,877

     JAPAN (1.6%)

Japan Government Bond, 1.50%, 6/20/2012 41,500,000 366,729

366,729

     NETHERLANDS (0.2%)

Netherlands Government Bond, 4.00%, 7/15/2016 29,000 41,103

41,103

     UNITED KINGDOM (0.3%)

United Kingdom Treasury Bond, 4.00%, 9/07/2016 38,000 73,821

73,821

Total Foreign Government Agency Securities (Cost $ 855,273) 902,909

Investment Companies (16.0%)

Dreyfus Cash Management Plus 116,306 116,306

American Beacon Money Market Fund 1,451,229 1,451,229

BLDRS Emerging Markets 50 ADR Equity Fund 6,915 414,693

IShares MSCI Emerging Markets Equity Fund 8,075 1,348,606

Vanguard Emerging Markets Equity Fund 3,355 391,931

Total Investment Companies (Cost $ 3,241,742) 3,722,765

Total Investments (Cost $ 21,190,187) (a) – 99.5% 23,103,684

Other assets in excess of liabilities – 0.5% 114,075

NET ASSETS – 100.00% 23,217,759

(a) See notes to financial statements for tax unrealized appreciation/(depreciation) of securities

(b)
Non-income producing security.

^†
Represents a restricted security purchase under Rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.

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		Shares or
Security Description		Principal Amount	Value ($)
COMMON STOCKS (78.1%)
BASIC MATERIALS (4.4%)
	Acerinox SA.	50	1,474
	Agnico-Eagle Mines Ltd.	31	1,771
	Agrium Inc.	31	1,969
	Air Products & Chemicals Inc.	77	7,534
	Air Water Inc.	110	1,236
	Airgas Inc.	337	17,008
	AK Steel Holding Corp. (b)	140	7,018
	Akzo Nobel NV.	50	4,021
	Albemarle Corp.	167	7,976
	Alcan Inc.	64	6,435
	Alcoa Inc.	338	13,381
	Allegheny Technologies Inc.	172	17,573
	Alumina Ltd.	465	2,889
	Antofagasta PLC.	89	1,550
	Arcelormittal.	143	11,474
	Arkema.	20	1,360
	Asahi Kasei Corp.	559	4,244
	Ashland Inc.	132	7,751
	Barrick Gold Corp.	160	7,113
	BASF AG.	93	12,900
	Bayer AG.	142	11,838
	BHP Billiton PLC.	440	16,755
	BlueScope Steel Ltd.	290	2,863
	BHP Billiton Ltd.	1,340	57,539
	Cabot Corp.	138	4,831
	Cameco Corp.	62	3,055
	Carpenter Technology Corp.	131	18,983
	Celanese Corp.	344	14,434
	Chemtura Corp.	554	5,163
	Ciba Specialty Chemicals AG.	21	1,043
	Clariant AG.	84	1,073
	Cleveland-Cliffs Inc.	207	19,800
	Cytec Industries Inc.	204	13,609
	Daicel Chemical Industries Ltd.	196	1,432
	Daido Steel Co Ltd.	180	1,215
	Dainippon Ink and Chemicals In.	334	1,589
	Denki Kagaku Kogyo K K.	262	1,531
	Xstrata PLC.	116	8,316
	Domtar Corp. (b)	1,442	12,372
	Dow Chemical Co/The.	310	13,962
	DOWA HOLDINGS CO LTD.	121	1,398
	EI Du Pont de Nemours & Co.	295	14,605
	Eastman Chemical Co.	198	13,185
	Ecolab Inc.	310	14,623
	Ferro Corp.	288	5,967
	First Quantum Minerals Ltd.	14	1,507
	FMC Corp.	352	20,240
	FNX Mining Co Inc.	43	1,736
	Fortescue Metals Group Ltd.	46	2,142
	Georgia Gulf Corp.	237	2,868
	Givaudan SA.	1	982
	Goldcorp Inc.	131	4,607
	HB Fuller Co.	415	12,213
	Hercules Inc.	793	14,916
	Hitachi Chemical Co Ltd.	62	1,510
	Hitachi Metals Ltd.	108	1,391
	Hokuetsu Paper Mills Ltd.	250	1,183
	HudBay Minerals Inc.	54	1,557
	Huntsman Corp.	213	5,613
	Iamgold Corp.	159	1,393
	Iluka Resources Ltd.	256	1,042

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Imperial Chemical Industries P.	209	2,864
	Inmet Mining Corp.	15	1,604
	International Paper Co.	168	6,209
	International Flavors & Fragra.	197	10,285
	Ivanhoe Mines Ltd/CA.	91	1,251
	JFE Holdings Inc.	244	14,148
	Johnson Matthey PLC.	41	1,522
	JSR Corp.	85	2,188
	Jubilee Mines NL.	97	2,124
	K+S AG.	9	1,881
	Kaneka Corp.	160	1,412
	Kansai Paint Co Ltd.	151	1,129
	Kazakhmys PLC.	51	1,563
	Kingboard Chemical Holdings Lt.	236	1,538
	Kinross Gold Corp.	110	2,175
	Kobe Steel Ltd.	1,241	4,421
	Koninklijke DSM NV.	38	2,154
	Lanxess AG.	24	1,189
	Lee & Man Paper Manufacturing.	303	1,200
	Lihir Gold Ltd. (b)	728	2,801
	Linde AG.	23	2,911
	Lonmin Plc.	18	1,286
	Lonza Group AG.	14	1,630
	Louisiana-Pacific Corp.	240	3,950
	Lubrizol Corp.	158	10,725
	Lundin Mining Corp.	102	1,382
	MeadWestvaco Corp.	434	14,600
	Minara Resources Ltd.	241	1,459
	Minerals Technologies Inc.	94	6,601
	Mitsubishi Chemical Holdings C.	548	4,498
	Mitsubishi Gas Chemical Co Inc.	185	1,831
	Mitsubishi Materials Corp.	499	2,885
	Mitsui Chemicals Inc.	313	2,911
	Mitsui Mining & Smelting Co Lt.	271	1,132
	Monsanto Co.	280	27,336
	Neenah Paper Inc.	74	2,516
	Newcrest Mining Ltd.	132	3,984
	Newmont Mining Corp of Canada.	31	1,578
	Newmont Mining Corp.	221	11,240
	Nine Dragons Paper Holdings Lt.	465	1,245
	Nippon Kayaku Co Ltd.	150	1,204
	Nippon Light Metal Co Ltd.	504	1,031
	Nippon Paint Co Ltd.	259	1,434
	Nippon Shokubai Co Ltd.	148	1,455
	Nippon Steel Corp.	2,654	17,459
	Nippon Yakin Kogyo Co Ltd.	111	1,047
	Nissan Chemical Industries Ltd.	105	1,436
	Nisshin Steel Co Ltd.	338	1,283
	Nitto Denko Corp.	66	3,198
	Norske Skogindustrier ASA.	93	1,022
	Nova Chemicals Corp.	34	1,235
	Nufarm Ltd.	117	1,700
	OJI Paper Co Ltd.	404	1,842
	Olin Corp.	451	10,274
	OneSteel Ltd.	456	2,922
	Orica Ltd.	125	3,599
	OSAKA Titanium Technologies Co.	15	1,299
	Outokumpu OYJ.	42	1,566
	Oxiana Ltd.	609	2,382
	Pacific Metals Co Ltd.	74	920
	Paladin Energy Ltd.	213	1,625
	PaperlinX Ltd.	478	1,229
	Plum Creek Timber Co Inc.	419	18,717
	Potash Corp of Saskatchewan.	54	6,721
	PPG Industries Inc.	60	4,484
	Praxair Inc.	167	14,275
	Rautaruukki OYJ.	20	1,144
	Rayonier Inc.	182	8,789
	Reliance Steel & Aluminum Co.	151	8,811
	Rengo Co Ltd.	236	1,694

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Rio Tinto Ltd.	130	13,320
	Rio Tinto PLC.	188	17,555
	Rohm & Haas Co.	401	20,804
	RPM International Inc.	876	18,773
	RTI International Metals Inc. (b)	116	9,069
	Salzgitter AG.	8	1,573
	Schulman A Inc.	168	3,966
	Sensient Technologies Corp.	309	9,236
	SGL Carbon AG. (b)	25	1,468
	Shin-Etsu Chemical Co Ltd.	163	10,370
	Showa Denko KK.	470	1,829
	Sigma-Aldrich Corp.	201	10,386
	Smurfit-Stone Container Corp.	611	7,399
	Solvay SA.	11	1,671
	Southern Copper Corp.	26	3,632
	Ssab Svenskt Stal AB.	36	1,168
	Steel Dynamics Inc.	230	12,241
	Stillwater Mining Co.	339	3,773
	Stora Enso Oyj.	106	1,944
	Sumitomo Bakelite Co Ltd.	183	1,112
	Sumitomo Chemical Co Ltd.	660	5,829
	Sumitomo Forestry Co Ltd.	141	1,047
	Sumitomo Metal Industries Ltd.	1,757	8,574
	Sumitomo Metal Mining Co Ltd.	230	5,063
	Syngenta AG.	18	4,324
	Taiyo Nippon Sanso Corp.	153	1,357
	Teck Cominco Ltd.	79	3,956
	Temple-Inland Inc.	192	10,305
	ThyssenKrupp AG.	72	4,783
	Titanium Metals Corp.	169	5,949
	Tokai Carbon Co Ltd.	119	1,477
	Tokuyama Corp.	103	1,425
	Tokyo Steel Manufacturing Co L.	80	1,100
	Tosoh Corp.	240	1,521
	Ube Industries Ltd/Japan.	434	1,546
	Umicore.	6	1,495
	United States Steel Corp.	281	30,320
	UPM-Kymmene Oyj.	99	2,215
	Uranium One Inc.	113	1,255
	USEC Inc. (b)	345	3,036
	Valspar Corp.	642	16,069
	Vedanta Resources PLC.	36	1,647
	Voestalpine AG.	20	1,798
	Vulcan Materials Co.	150	12,827
	Wacker Chemie AG.	5	1,219
	Wausau Paper Corp.	343	3,433
	Weyerhaeuser Co.	84	6,376
	Yamana Gold Inc.	118	1,778
	Yamato Kogyo Co Ltd.	27	1,245
	Yara International ASA.	48	1,858
	Zeon Corp.	124	1,161
	Zinifex Ltd.	196	3,040
			1,068,235

COMMUNICATIONS (7.7%)
	3Com Corp.	928	4,529
	Adaptec Inc.	760	2,683
	Akamai Technologies Inc.	330	12,933
	Alcatel-Lucent.	430	4,173
	Alltel Corp.	136	9,676
	Amazon.Com Inc.	151	13,462
	American Tower Corp. (b)	215	9,499
	Andrew Corp.	371	5,439
	Anixter International Inc. (b)	162	11,640
	APN News & Media Ltd.	266	1,328
	Ariba Inc.	520	6,729
	AT&T Inc.	1,986	82,995
	BCE Inc.	151	6,593
	Belgacom SA.	32	1,529
	Belo Corp.	208	3,848

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Black Box Corp.	121	4,838
	British Sky Broadcasting Group.	200	2,830
	BT Group PLC.	1,608	10,902
	Cable & Wireless PLC.	458	1,856
	Cablevision Systems Corp. (b)	411	12,055
	CBS Corp.	181	5,195
	C-COR Inc.	305	3,739
	CenturyTel Inc.	248	10,924
	Charter Communications Inc.	1,874	3,879
	Check Point Software Technolog.	399	10,079
	Checkfree Corp.	146	6,939
	China Mobile Ltd.	1,664	33,708
	China Netcom Group Corp Hong K.	779	2,372
	China Unicom Ltd.	2,384	5,728
	Ciena Corp.	407	19,479
	Cincinnati Bell Inc. (b)	1,647	8,927
	Cisco Systems Inc.	3,153	104,238
	Citizens Communications Co.	814	10,712
	Clear Channel Communications I.	174	6,572
	CNET Networks Inc.	1,056	8,532
	Comcast Corp. (b)	1,561	32,756
	CommScope Inc.	296	13,962
	Corning Inc.	810	19,659
	Cosmote Mobile Telecommunicati.	43	1,483
	Crown Castle International Cor.	497	20,412
	CTC Media Inc.	49	1,229
	Daily Mail & General Trust.	89	1,135
	KDDI Corp.	1	7,515
	Dentsu Inc.	1	2,609
	Deutsche Telekom AG.	558	11,444
	Digital River Inc.	199	10,559
	DIRECTV Group Inc/The. (b)	323	8,553
	Discovery Holding Co.	815	23,236
	eAccess Ltd.	2	1,260
	Earthlink Inc.	832	6,581
	eBay Inc.	611	22,057
	EchoStar Communications Corp. (b)	367	17,968
	Elisa OYJ.	46	1,364
	Emap PLC.	76	1,385
	Embarq Corp.	359	18,998
	Entercom Communications Corp.	224	4,155
	Equinix Inc.	131	15,282
	Ericsson.	2,758	8,250
	Expedia Inc.	535	17,473
	Extreme Networks.	873	3,824
	F5 Networks Inc.	392	14,124
	Fairfax Media Ltd.	530	2,340
	Foxconn International Holdings.	746	2,060
	France Telecom SA.	328	12,095
	Gannett Co Inc.	89	3,774
	Gestevision Telecinco SA.	48	1,380
	GN Store Nord.	110	1,170
	Google Inc.	119	84,133
	Hakuhodo DY Holdings Inc.	20	1,447
	Harmonic Inc.	534	6,579
	Harris Corp.	246	14,898
	Harte-Hanks Inc.	371	6,541
	Hellenic Telecommunications Or.	56	2,049
	HLTH Corp.	356	5,023
	Hutchison Telecommunications I.	1,048	1,487
	Idearc Inc.	351	9,470
	IDT Corp.	386	3,100
	Informa PLC.	122	1,357
	Infospace Inc.	162	3,131
	Inmarsat PLC.	157	1,675
	InterDigital Inc.	171	3,675
	Interpublic Group of Cos Inc. (b)	1,189	12,306
	Interwoven Inc.	267	3,789
	ITV PLC.	630	1,298
	j2 Global Communications Inc.	245	8,254

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	JDS Uniphase Corp.	423	6,455
	John Wiley & Sons Inc.	232	10,203
	Juniper Networks Inc.	283	10,188
	Jupiter Telecommunications Co.	2	1,597
	Royal KPN NV.	338	6,374
	Lagardere SCA.	23	1,943
	Lamar Advertising Co.	142	7,591
	Leap Wireless International In.	101	7,202
	Lee Enterprises Inc.	269	4,317
	Liberty Global Inc.	1,002	37,684
	Liberty Media Corp - Capital.	68	8,499
	Liberty Media Corp - Interacti.	323	6,857
	Manitoba Telecom Services Inc.	30	1,492
	Matsui Securities Co Ltd.	157	1,232
	McClatchy Co.	388	6,437
	McGraw-Hill Cos Inc/The.	178	8,907
	Media General Inc.	146	4,085
	Mediaset SpA.	134	1,388
	Meredith Corp.	187	11,641
	Modern Times Group AB.	21	1,476
	Motorola Inc.	1,185	22,266
	MRV Communications Inc.	1,210	3,436
	NetFlix Inc.	275	7,279
	NeuStar Inc.	154	5,267
	New York Times Co/The.	344	6,729
	News Corp.	1,178	25,815
	NII Holdings Inc.	319	18,502
	NTT Corp.	2	9,153
	Nokia OYJ.	731	28,956
	NTT DoCoMo Inc.	7	10,072
	NutriSystem Inc.	157	4,726
	Oki Electric Industry Co Ltd.	679	1,148
	Openwave Systems Inc.	688	2,724
	PagesJaunes Groupe SA.	65	1,435
	PCCW Ltd.	2,113	1,358
	Pearson PLC.	150	2,488
	Plantronics Inc.	317	8,670
	Polycom Inc.	180	5,036
	Portugal Telecom SGPS SA.	173	2,318
	priceline.com Inc.	167	15,548
	ProSiebenSat.1 Media AG.	36	1,059
	PT Multimedia Servicos de Tele.	30	414
	Publicis Groupe.	30	1,218
	Publishing & Broadcasting Ltd.	174	3,374
	Qualcomm Inc.	868	37,090
	Qwest Communications Internati. (b)	824	5,916
	RH Donnelley Corp. (b)	141	7,734
	Radio One Inc.	703	2,453
	Rakuten Inc.	4	1,942
	RCN Corp.	191	2,789
	RealNetworks Inc.	762	5,532
	Reed Elsevier NV.	115	2,224
	Reed Elsevier PLC.	237	3,095
	Reuters Group PLC.	234	3,212
	RF Micro Devices Inc.	1,317	8,192
	Rogers Communications Inc.	88	4,484
	S1 Corp.	396	3,334
	Sanoma-WSOY Oyj.	41	1,183
	SAVVIS Inc.	136	5,138
	SBA Communications Corp.	473	16,839
	SBI E*trade Securities Co Ltd.	1	1,057
	SBI Holdings Inc/Japan.	4	1,252
	Scholastic Corp.	231	9,143
	Seat Pagine Gialle SpA.	2,340	1,359
	Seek Ltd.	181	1,566
	SES.	66	1,629
	Seven Network Ltd.	136	1,730
	Shaw Communications Inc.	72	2,010
	Sinclair Broadcast Group Inc.	336	4,045
	Singapore Press Holdings Ltd.	629	1,991

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	SingTel.	2,114	5,962
	Sirius Satellite Radio Inc.	1,163	3,908
	Softbank Corp.	286	6,619
	SonicWALL Inc.	440	4,550
	Sprint Nextel Corp.	893	15,270
	Swisscom AG.	4	1,479
	Sycamore Networks Inc.	1,250	5,338
	Symantec Corp.	473	8,883
	Tandberg ASA.	57	1,450
	Tekelec.	476	6,283
	Tele2 AB.	74	1,742
	Telecom Corp of New Zealand Lt.	704	2,356
	Telecom Italia SpA.	3,161	9,301
	Telefonica SA.	803	26,505
	Telekom Austria AG.	62	1,778
	Telenor ASA.	144	3,381
	Telephone & Data Systems Inc.	201	13,631
	Television Broadcasts Ltd.	191	1,230
	Societe Television Francaise	39	1,078
	TeliaSonera AB.	343	3,375
	Tellabs Inc.	957	8,431
	Telstra Corp Ltd.	1,444	6,295
	TELUS Corp.	63	3,753
	Tencent Holdings Ltd.	294	2,492
	Walt Disney Co/The.	920	31,860
	Thomson Corp/The.	35	1,653
	TIBCO Software Inc.	1,448	13,293
	Time Warner Telecom Inc.	285	6,623
	Time Warner Inc.	1,956	35,717
	Trend Micro Inc.	43	1,904
	Tribune Co.	190	5,749
	Trinity Mirror Plc.	126	1,053
	United Internet AG.	73	1,597
	United Online Inc.	441	7,762
	US Cellular Corp.	33	3,107
	Valueclick Inc.	484	13,160
	Valuevision Media Inc.	299	1,546
	Verizon Communications Inc.	936	43,122
	Viacom Inc.	301	12,428
	Vignette Corp.	196	3,379
	Virgin Media Inc.	542	11,984
	Vivendi.	215	9,678
	Vodafone Group PLC.	9,821	38,602
	VTech Holdings Ltd.	146	1,236
	Washington Post Co/The.	12	10,188
	Websense Inc.	214	3,938
	West Australian Newspapers Hol.	107	1,386
	Westwood One Inc.	663	1,419
	Windstream Corp.	1,141	15,346
	Wolters Kluwer NV.	57	1,786
	WPP Group PLC.	228	3,113
	XM Satellite Radio Holdings In.	614	8,154
	Yahoo! Inc.	651	20,246
	Yahoo! Japan Corp.	6	2,657
	Yell Group PLC.	145	1,372
	Yellow Pages Income Fund.	104	1,574
			1,864,080

CONSUMER GOODS (1.2%)
	PepsiCo Inc.	844	62,220
	Pfizer Inc.	2,252	55,422
	Procter & Gamble Co.	1,616	112,344
	Toyota Motor Corp.	1,207	68,732
			298,718

CONSUMER, CYCLICAL (8.0%)
	99 Cents Only Stores.	412	4,429
	Abercrombie & Fitch Co.	171	13,543
	Accor SA.	38	3,625
	Accordia Golf Co Ltd.	1	1,118

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Adidas AG.	38	2,525
	Aeon Co Ltd.	319	4,988
	Aeropostale Inc.	376	8,610
	Air France-KLM.	36	1,368
	Aisin Seiki Co Ltd.	83	3,381
	Alaska Air Group Inc. (b)	239	6,071
	Alimentation Couche Tard Inc.	67	1,456
	All Nippon Airways Co Ltd.	347	1,332
	American Axle & Manufacturing.	290	7,963
	AMR Corp. (b)	585	14,040
	AnnTaylor Stores Corp.	63	1,952
	Aoyama Trading Co Ltd.	46	1,194
	Applebees International Inc.	569	14,418
	Arcandor AG. (b)	42	1,347
	Aristocrat Leisure Ltd.	187	1,811
	ArvinMeritor Inc.	471	6,985
	Asics Corp.	96	1,518
	Autozone Inc.	89	11,072
	Barratt Developments PLC.	69	936
	Bayerische Motoren Werke AG.	86	5,469
	Beazer Homes USA Inc.	197	2,212
	Bed Bath & Beyond Inc.	151	5,125
	Bellway PLC.	52	1,163
	Berkeley Group Holdings PLC.	39	1,381
	Best Buy Co Inc.	205	9,947
	Big Lots Inc. (b)	283	6,786
	Billabong International Ltd.	94	1,316
	BJ's Wholesale Club Inc.	154	5,526
	Blockbuster Inc. (b)	1,033	5,434
	Bob Evans Farms Inc.	243	6,848
	Borders Group Inc.	398	6,137
	BorgWarner Inc.	114	12,051
	Bosch Corp.	250	1,298
	Boyd Gaming Corp.	113	4,726
	Bridgestone Corp.	284	6,240
	Brightpoint Inc.	385	6,237
	Brinker International Inc.	267	6,779
	British Airways PLC. (b)	162	1,500
	Brunswick Corp/DE.	211	4,707
	Burberry Group PLC.	101	1,292
	Callaway Golf Co.	451	7,811
	Canadian Tire Corp Ltd.	17	1,564
	Canon Marketing Japan Inc.	72	1,407
	Carmax Inc.	439	9,162
	Carnival Corp.	134	6,429
	Carnival PLC.	32	1,495
	Carphone Warehouse Group PLC.	180	1,312
	Casey's General Stores Inc.	367	10,460
	Cathay Pacific Airways Ltd.	498	1,475
	Cato Corp/The.	208	4,177
	Charming Shoppes Inc. (b)	831	6,166
	China Travel International Inv.	1,955	1,551
	Choice Hotels International In.	76	2,944
	Christopher & Banks Corp.	278	3,814
	Compagnie Financiere Richemont.	97	6,921
	Circuit City Stores Inc.	427	3,386
	Citizen Holdings Co Ltd.	151	1,622
	Coach Inc.	204	7,458
	Coldwater Creek Inc.	92	823
	Coles Group Ltd.	417	6,261
	Compass Group PLC.	371	2,670
	Continental AG.	27	4,079
	Continental Airlines Inc.	245	8,416
	Cooper Tire & Rubber Co.	421	9,380
	Costco Wholesale Corp.	230	15,470
	CROCS Inc.	371	27,732
	CVS Caremark Corp.	754	31,495
	DR Horton Inc.	647	8,210
	Daihatsu Motor Co Ltd.	128	1,349
	Daimler AG.	179	19,848

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Daiwa House Industry Co Ltd.	239	3,385
	David Jones Ltd.	266	1,224
	Delta Air Lines Inc.	471	9,797
	Denso Corp.	209	8,423
	Denway Motors Ltd.	2,788	1,943
	Deutsche Lufthansa AG.	46	1,360
	Dick's Sporting Goods Inc.	360	12,013
	Dillard's Inc.	454	10,456
	Dress Barn Inc.	349	5,720
	DSG International PLC.	412	1,110
	Esprit Holdings Ltd.	413	6,821
	Ethan Allen Interiors Inc.	208	6,419
	Family Dollar Stores Inc.	348	8,822
	FamilyMart Co Ltd.	50	1,456
	Fast Retailing Co Ltd.	31	1,779
	Fastenal Co.	276	12,276
	Fiat SpA.	130	4,195
	Foot Locker Inc.	374	5,569
	Ford Motor Co. (b)	946	8,391
	Fred's Inc.	357	3,784
	Fuji Heavy Industries Ltd.	279	1,441
	Furniture Brands International.	327	3,940
	Futaba Industrial Co Ltd.	53	1,479
	Galaxy Entertainment Group Ltd. (b)	1,284	1,395
	GameStop Corp.	264	15,634
	Gaylord Entertainment Co. (b)	202	11,005
	General Motors Corp.	189	7,407
	Genesco Inc.	114	5,267
	Genuine Parts Co.	408	20,021
	Gildan Activewear Inc.	38	1,740
	GKN PLC.	167	1,274
	GOME Electrical Appliances Hol.	809	1,806
	Grafton Group PLC.	94	1,051
	Green Hospital Supply Inc.	1	1,135
	Group 1 Automotive Inc.	187	5,806
	Guess ? Inc.	91	4,676
	Gunze Ltd.	240	1,152
	Gymboree Corp.	155	5,275
	H2O Retailing Corp.	135	1,122
	Hagemeyer NV.	246	1,671
	Harman International Industrie.	111	9,346
	Harvey Norman Holdings Ltd.	353	2,229
	Hasbro Inc.	337	10,059
	Haseko Corp.	491	1,170
	Hennes & Mauritz AB.	91	6,060
	Herman Miller Inc.	82	2,232
	Hermes International.	14	1,841
	Hino Motors Ltd.	186	1,333
	Hitachi High-Technologies Corp.	54	1,208
	Home Depot Inc.	498	15,692
	Home Retail Group PLC.	163	1,478
	Honda Motor Co Ltd.	730	27,207
	Hongkong & Shanghai Hotels/The.	780	1,437
	HOT Topic Inc.	428	3,278
	Iberia Lineas Aereas de Espana.	276	1,399
	Ihop Corp.	83	5,256
	Inchcape Plc.	138	1,350
	Inditex SA.	47	3,495
	Ingram Micro Inc.	347	7,370
	Insight Enterprises Inc.	323	8,928
	International Game Technology.	170	7,414
	Interface Inc.	273	5,222
	International Speedway Corp.	154	6,842
	Isetan Co Ltd.	90	1,211
	Isuzu Motors Ltd.	621	3,057
	ITOCHU Corp.	632	7,894
	Izumi Co Ltd.	82	1,220
	J Crew Group Inc.	201	7,517
	J Front Retailing Co Ltd.	325	2,915
	Jack in the Box Inc.	316	9,913

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Jakks Pacific Inc.	187	4,956
	Japan Airlines Corp.	672	1,509
	Jardine Cycle & Carriage Ltd.	123	1,785
	JetBlue Airways Corp.	420	3,835
	Johnson Controls Inc.	270	11,804
	Jones Apparel Group Inc.	257	5,382
	JTEKT Corp.	90	1,712
	Juki Corp.	150	1,264
	K's Holdings Corp.	48	1,036
	KB Home.	184	5,086
	Kellwood Co.	201	3,331
	Kesa Electricals PLC.	199	1,314
	Kingfisher PLC.	437	1,793
	Kloeckner & Co AG.	17	898
	Kohl's Corp.	148	8,136
	Koito Manufacturing Co Ltd.	112	1,551
	Kokuyo Co Ltd.	118	1,035
	Krispy Kreme Doughnuts Inc.	540	1,728
	Kuraray Co Ltd.	147	1,905
	Ladbrokes PLC.	157	1,344
	Las Vegas Sands Corp.	54	7,166
	Lawson Inc.	38	1,311
	La-Z-Boy Inc.	445	3,511
	Lear Corp. (b)	469	16,664
	Lennar Corp.	344	7,795
	Li & Fung Ltd.	871	4,091
	Li Ning Co Ltd.	546	2,029
	Life Time Fitness Inc.	162	9,824
	Lifestyle International Holdin.	650	1,778
	Liz Claiborne Inc.	242	6,890
	Longs Drug Stores Corp.	155	8,139
	Lowe's Cos Inc.	819	22,023
	Macy's Inc.	136	4,356
	Magna International Inc.	20	1,897
	Marks & Spencer Group PLC.	317	4,298
	Marriott International Inc/DE.	176	7,235
	Marubeni Corp.	641	5,434
	Marui Group Co Ltd.	134	1,384
	Matsushita Electric Industrial.	857	16,267
	Mattel Inc.	926	19,344
	Mazda Motor Corp.	373	2,221
	McDonald's Corp.	386	23,044
	Meritage Homes Corp. (b)	211	3,395
	MGM Mirage. (b)	62	5,680
	Michelin.	27	3,614
	Mitchells & Butlers PLC.	83	1,149
	Mitsubishi Corp.	636	19,569
	Mitsubishi Logistics Corp.	89	1,277
	Mitsubishi Motors Corp. (b)	1,550	3,023
	Mitsubishi Rayon Co Ltd.	239	1,344
	Mitsui & Co Ltd.	684	17,489
	Mitsukoshi Ltd.	274	1,263
	Modine Manufacturing Co.	170	3,954
	Monaco Coach Corp.	212	2,459
	MSC Industrial Direct Co.	234	11,398
	Nagase & Co Ltd.	105	1,166
	Namco Bandai Holdings Inc.	98	1,502
	Nautilus Inc.	317	2,038
	Newell Rubbermaid Inc.	657	19,158
	Next PLC.	42	1,929
	NGK Spark Plug Co Ltd.	77	1,281
	NHK Spring Co Ltd.	145	1,235
	Nintendo Co Ltd.	46	28,667
	Nippon Seiki Co Ltd.	48	1,111
	Nissan Motor Co Ltd.	1,006	11,562
	Nisshinbo Industries Inc.	106	1,436
	Nissin Kogyo Co Ltd.	44	1,135
	Nitori Co Ltd.	25	1,138
	NOK Corp.	64	1,412
	Nokian Renkaat OYJ.	39	1,469

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nordstrom Inc.	113	4,457
	Nu Skin Enterprises Inc.	349	6,027
	O'Reilly Automotive Inc.	226	7,463
	Onward Holdings Co Ltd.	110	1,128
	OPAP SA.	39	1,593
	Orient-Express Hotels Ltd.	208	13,478
	Oriental Land Co Ltd.	25	1,482
	Oshkosh Truck Corp.	146	7,913
	PF Chang's China Bistro Inc.	119	3,464
	Pacific Sunwear Of California.	468	7,825
	Panera Bread Co.	147	6,026
	Parkson Retail Group Ltd.	174	1,977
	Penn National Gaming Inc.	151	9,324
	PEP Boys-Manny Moe & Jack.	274	4,031
	Persimmon PLC.	56	1,222
	PetSmart Inc.	235	7,038
	Peugeot SA.	30	2,780
	Phillips-Van Heusen.	274	13,097
	Pier 1 Imports Inc. (b)	614	3,125
	Pinnacle Entertainment Inc. (b)	287	8,380
	Pioneer Corp.	97	1,074
	Pirelli & C SpA.	1,149	1,469
	Polo Ralph Lauren Corp.	116	7,981
	Pool Corp.	242	5,706
	Porsche Automobil Holding SE.	2	5,333
	PPR.	14	2,774
	Praktiker Bau- und Heimwerkerm.	30	1,082
	Puma AG Rudolf Dassler Sport.	3	1,284
	Punch Taverns PLC.	56	1,170
	Qantas Airways Ltd.	388	2,136
	Quiksilver Inc.	842	11,367
	RadioShack Corp.	325	6,702
	Reece Australia Ltd.	56	1,474
	Regal Entertainment Group.	531	11,985
	Regis Corp.	226	7,594
	Renault SA.	37	6,211
	Rite Aid Corp. (b)	1,088	4,254
	RONA Inc.	62	1,401
	Ross Stores Inc.	352	9,511
	Royal Caribbean Cruises Ltd.	315	13,507
	Ruby Tuesday Inc.	396	6,324
	Ryohin Keikaku Co Ltd.	22	1,381
	Saks Inc.	909	19,234
	Sally Beauty Holdings Inc.	646	5,976
	Sankyo Co Ltd.	33	1,402
	Scientific Games Corp.	143	5,169
	Sears Holdings Corp.	28	3,774
	Sega Sammy Holdings Inc.	91	1,250
	Sekisui Chemical Co Ltd.	198	1,345
	Sekisui House Ltd.	229	2,912
	Select Comfort Corp.	239	2,732
	Seven & I Holdings Co Ltd.	259	6,645
	Shangri-La Asia Ltd.	563	1,787
	Shimachu Co Ltd.	46	1,316
	Shimamura Co Ltd.	14	1,354
	Shimano Inc.	41	1,485
	Shoppers Drug Mart Corp.	40	2,345
	Singapore Airlines Ltd.	200	2,709
	Six Flags Inc. (b)	532	1,724
	Sky City Entertainment Group L.	350	1,449
	Skywest Inc.	460	12,553
	Sodexho Alliance SA.	20	1,442
	Sojitz Corp.	376	1,698
	Sony Corp.	398	19,456
	Southwest Airlines Co.	406	5,769
	Staples Inc.	348	8,122
	Starbucks Corp.	408	10,885
	Starwood Hotels & Resorts Worl.	110	6,255
	Station Casinos Inc.	87	7,813
	Steelcase Inc.	316	5,647

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Stein Mart Inc.	263	1,728
	Sumitomo Corp.	499	8,577
	Sumitomo Rubber Industries Inc.	109	1,318
	Sumitomo Warehouse Co Ltd/The.	212	1,213
	Superior Industries Internatio.	137	2,769
	Suzuki Motor Corp.	180	5,866
	TABCORP Holdings Ltd.	210	3,044
	Takashimaya Co Ltd.	124	1,498
	Takata Corp.	39	1,383
	Talbots Inc.	131	1,927
	Target Corp.	403	24,728
	Tattersall's Ltd.	505	1,971
	Taylor Wimpey PLC.	213	1,096
	Tech Data Corp.	382	15,024
	Teijin Ltd.	370	1,773
	Cheesecake Factory/The.	327	7,335
	Men's Wearhouse Inc.	238	10,058
	Ryland Group Inc.	101	2,871
	Swatch Group AG.	28	3,298
	Toro Co.	199	11,076
	Thomson.	79	1,378
	Tim Hortons Inc.	43	1,640
	TJX Cos Inc.	242	7,001
	Toho Co Ltd/Tokyo.	71	1,409
	Tokai Rika Co Ltd.	49	1,431
	Toll Brothers Inc.	319	7,308
	Toray Industries Inc.	559	4,283
	TOTO Ltd.	154	1,109
	Toyobo Co Ltd.	485	1,135
	Toyoda Gosei Co Ltd.	41	1,461
	Toyota Boshoku Corp.	50	1,625
	Toyota Tsusho Corp.	92	2,560
	Tractor Supply Co.	168	6,962
	Triarc Cos Inc.	327	3,662
	Tuesday Morning Corp.	289	2,202
	TUI AG.	46	1,351
	TUI Travel plc.	208	1,166
	Under Armour Inc.	148	9,213
	United Stationers Inc. (b)	140	8,107
	UNY Co Ltd.	123	1,061
	Urban Outfitters Inc.	230	5,812
	US Airways Group Inc/NEW.	214	5,919
	USS Co Ltd.	20	1,304
	Vail Resorts Inc.	156	9,468
	Valeo SA.	25	1,369
	Volkswagen AG.	46	11,253
	WW Grainger Inc.	134	12,049
	Wabash National Corp.	177	1,797
	Wacoal Holdings Corp.	106	1,289
	Walgreen Co.	524	20,777
	Wal-Mart Stores Inc.	705	31,873
	Warner Music Group Corp.	97	987
	Watsco Inc.	116	4,830
	Wendy's International Inc.	221	7,682
	WESCO International Inc.	91	4,245
	Whirlpool Corp.	200	15,836
	William Hill PLC.	106	1,365
	WMS Industries Inc. (b)	216	7,489
	Wolseley PLC.	123	2,132
	Wolverine World Wide Inc.	373	9,564
	World Fuel Services Corp.	141	6,245
	Wynn Resorts Ltd.	98	15,820
	Yamada Denki Co Ltd.	36	3,682
	Yamaha Corp.	82	1,898
	Yamaha Motor Co Ltd.	87	2,458
	Yokohama Rubber Co Ltd/The.	182	1,344
	Yum! Brands Inc.	273	10,994
	Zale Corp.	331	6,977
			1,946,387

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
CONSUMER, NON-CYCLICAL (12.4%)
	ABC Learning Centres Ltd.	220	1,346
	ABB Grain Ltd.	168	1,178
	Abbott Laboratories.	641	35,011
	Abertis Infraestructuras SA.	44	1,464
	Accenture Ltd.	302	11,793
	ACCO Brands Corp.	413	8,855
	Adams Respiratory Therapeutics.	158	6,943
	Adecco SA.	23	1,383
	Administaff Inc.	125	4,985
	Advanced Medical Optics Inc.	122	3,349
	Aetna Inc.	268	15,054
	Affymetrix Inc.	139	3,539
	Aggreko Plc.	117	1,523
	Ajinomoto Co Inc.	259	2,905
	Alberto-Culver Co.	216	5,614
	Alcon Inc.	39	5,936
	Alexion Pharmaceuticals Inc.	177	13,541
	Alfresa Holdings Corp.	19	1,102
	Alkermes Inc.	503	8,149
	Allergan Inc/United States.	154	10,407
	Alliance Data Systems Corp.	132	10,613
	Altadis SA.	48	3,426
	Altria Group Inc.	676	49,301
	American Greetings Corp.	354	9,324
	American Medical Systems Holdi.	357	4,566
	AmerisourceBergen Corp.	314	14,793
	AMERIGROUP Corp.	256	8,960
	Amgen Inc. (b)	251	14,586
	Amylin Pharmaceuticals Inc.	243	10,940
	Anheuser-Busch Cos Inc.	283	14,512
	Apollo Group Inc.	287	22,748
	Applera Corp - Celera Group.	541	8,824
	Apria Healthcare Group Inc.	295	7,130
	Arbitron Inc.	144	7,289
	Arthrocare Corp.	131	8,494
	Asahi Breweries Ltd.	188	3,099
	Associated British Foods PLC.	76	1,441
	Astellas Pharma Inc.	219	9,662
	AstraZeneca PLC.	279	13,769
	Atlantia SpA.	53	2,082
	Avis Budget Group Inc. (b)	683	14,254
	Babcock International Group.	124	1,512
	CR Bard Inc.	201	16,806
	Barr Pharmaceuticals Inc.	218	12,496
	Baxter International Inc.	341	20,463
	BearingPoint Inc.	1,503	7,199
	Beckman Coulter Inc.	123	8,711
	Becton Dickinson & Co.	127	10,599
	Beiersdorf AG.	19	1,504
	Benesse Corp.	42	1,562
	Biogen Idec Inc.	158	11,762
	BioMarin Pharmaceutical Inc.	458	12,700
	Bio-Rad Laboratories Inc.	92	8,885
	Biovail Corp.	69	1,385
	Blyth Inc.	196	3,742
	Boston Scientific Corp.	717	9,945
	Bowne & Co Inc.	191	3,320
	Brisa-Auto Estradas de Portuga.	96	1,363
	Bristol-Myers Squibb Co.	633	18,984
	British American Tobacco PLC.	271	10,314
	Brookdale Senior Living Inc.	107	3,947
	Brown-Forman Corp.	91	6,732
	Bunzl PLC.	98	1,475
	C&C Group PLC.	160	1,286
	Cadbury Schweppes PLC.	391	5,172
	Cambrex Corp.	258	2,939
	Capita Group PLC.	111	1,729
	Carlsberg A/S.	10	1,347
	Carrefour SA.	101	7,269

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Casino Guichard Perrachon SA.	13	1,451
	Celesio AG.	22	1,251
	Celgene Corp.	193	12,738
	Cephalon Inc.	131	9,660
	Chaoda Modern Agriculture.	1,747	1,580
	Chemed Corp.	115	6,592
	China Mengniu Dairy Co Ltd.	372	1,562
	ChoicePoint Inc.	157	6,173
	Christian Dior SA.	10	1,361
	Chugai Pharmaceutical Co Ltd.	110	1,897
	Church & Dwight Co Inc.	330	15,612
	Cintra Concesiones de Infraest.	85	1,485
	Clorox Co.	76	4,755
	Coates Hire Ltd.	282	1,699
	Coca-Cola Amatil Ltd.	205	1,948
	Coca-Cola Co/The.	681	42,059
	Coca Cola Hellenic Bottling Co.	29	1,799
	Coca-Cola West Holdings Co Ltd.	63	1,455
	Cochlear Ltd.	25	1,596
	Colgate-Palmolive Co.	286	21,813
	Colruyt SA.	6	1,283
	ConAgra Foods Inc.	193	4,580
	Constellation Brands Inc.	439	11,028
	Convergys Corp.	332	6,086
	Corinthian Colleges Inc.	586	9,605
	Corporate Executive Board Co.	76	5,415
	Corrections Corp of America. (b)	605	17,115
	COSCO Pacific Ltd.	494	1,527
	Covance Inc.	127	10,478
	Coventry Health Care Inc.	304	18,334
	Covidien Ltd.	191	7,946
	CSL Ltd/Australia.	219	7,462
	Cubist Pharmaceuticals Inc.	264	6,178
	CV Therapeutics Inc.	272	2,785
	Dade Behring Holdings Inc.	141	10,847
	Dai Nippon Printing Co Ltd.	278	4,017
	Daiichi Sankyo Co Ltd.	278	7,879
	Dainippon Sumitomo Pharma Co L.	137	1,269
	Dairy Farm International Holdi.	463	2,287
	Danisco A/S.	17	1,308
	DaVita Inc.	187	12,191
	Del Monte Foods Co.	506	5,232
	Delhaize Group.	18	1,707
	Deluxe Corp.	350	14,119
	Dentsply International Inc.	251	10,411
	Diageo PLC.	496	11,347
	RR Donnelley & Sons Co.	523	21,072
	Edwards Lifesciences Corp.	289	14,514
	Eisai Co Ltd.	114	4,763
	Elan Corp PLC.	87	2,078
	Endo Pharmaceuticals Holdings.	266	7,794
	Enzon Pharmaceuticals Inc.	335	3,193
	Essilor International SA.	39	2,485
	Experian Group Ltd.	190	1,993
	Express Scripts Inc.	116	7,320
	Ezaki Glico Co Ltd.	132	1,376
	Fisher & Paykel Healthcare Cor.	504	1,263
	Forest Laboratories Inc.	164	6,407
	Forrester Research Inc.	48	1,139
	Fortune Brands Inc.	57	4,775
	Foster's Group Ltd.	787	4,670
	Fresenius SE.	16	1,270
	Fresenius Medical Care AG & Co.	34	1,785
	FTI Consulting Inc.	213	11,566
	Genentech Inc.	256	18,977
	General Mills Inc.	112	6,466
	Gen-Probe Inc.	253	17,715
	Genzyme Corp.	137	10,408
	Getinge AB.	59	1,561
	Gilead Sciences Inc.	480	22,171

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	GlaxoSmithKline PLC.	1,121	28,861
	Golden Agri-Resources Ltd.	1,608	1,945
	Goodman Fielder Ltd.	601	1,176
	Greene King Plc.	64	1,205
	Grifols SA.	62	1,639
	G4S PLC.	295	1,299
	H&R Block Inc.	716	15,609
	Haemonetics Corp.	133	6,835
	Hansen Natural Corp.	333	22,644
	Hays PLC.	398	1,136
	Health Management Associates I.	566	3,741
	Health Net Inc.	199	10,668
	Healthscope Ltd.	278	1,406
	Healthsouth Corp.	395	7,920
	Healthways Inc.	173	10,501
	Heineken Holding NV.	24	1,419
	Heineken NV.	46	3,218
	HJ Heinz Co.	122	5,707
	Hengan International Group Co.	385	1,493
	Henkel KGaA.	60	2,932
	Henry Schein Inc.	173	10,363
	Herbalife Ltd.	103	4,541
	Hershey Co/The.	80	3,449
	Hewitt Associates Inc.	494	17,428
	Hillenbrand Industries Inc.	148	8,173
	Hisamitsu Pharm.	46	1,260
	Hologic Inc.	379	25,751
	Hormel Foods Corp.	189	6,895
	House Foods Corp.	88	1,387
	Human Genome Sciences Inc.	665	6,291
	Humana Inc. (b)	297	22,260
	Husqvarna AB.	94	1,132
	Iaws Group Plc.	63	1,487
	Idexx Laboratories Inc.	155	18,876
	Illumina Inc.	260	14,599
	Immucor Inc.	346	11,159
	Imperial Tobacco Group PLC.	126	6,375
	InBev NV.	37	3,492
	InterMune Inc.	151	3,008
	Intertek Group PLC.	65	1,391
	Intuitive Surgical Inc.	67	21,900
	Invacare Corp.	182	4,925
	Inverness Medical Innovations.	251	15,083
	Invitrogen Corp.	96	8,724
	Iron Mountain Inc.	366	12,711
	Ito En Ltd.	55	1,097
	ITT Educational Services Inc. (b)	188	23,912
	Japan Tobacco Inc.	2	11,597
	Jarden Corp.	320	11,366
	JM Smucker Co/The.	137	7,320
	Johnson & Johnson.	809	52,723
	Kagome Co Ltd.	79	1,251
	Kamigumi Co Ltd.	151	1,222
	Kao Corp.	207	5,921
	Kerry Group PLC.	49	1,478
	Kesko OYJ.	24	1,435
	Kikkoman Corp.	96	1,210
	Kimberly-Clark Corp.	153	10,846
	Kinetic Concepts Inc.	107	6,431
	King Pharmaceuticals Inc.	574	6,084
	Kirin Holdings Co Ltd.	381	5,300
	Koninklijke Ahold NV.	232	3,481
	Kraft Foods Inc.	500	16,705
	Kyowa Hakko Kogyo Co Ltd.	155	1,686
	Kyphon Inc.	219	15,523
	L'Oreal SA.	49	6,433
	Laboratory Corp of America Hol.	208	14,300
	Eli Lilly & Co.	309	16,732
	Lion Corp.	238	1,116
	Lion Nathan Ltd.	180	1,556

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Live Nation Inc.	301	6,152
	Loblaw Cos Ltd.	28	1,298
	Luxottica Group SpA.	36	1,261
	Magellan Health Services Inc.	192	8,083
	Manor Care Inc.	150	9,987
	Manpower Inc.	151	11,286
	Marine Harvest.	1,032	1,046
	McCormick & Co Inc/MD.	260	9,108
	McKesson Corp.	154	10,179
	Medarex Inc.	622	7,433
	Medco Health Solutions Inc.	145	13,685
	Mediceo Paltac Holdings Co Ltd.	89	1,287
	Medicines Co/The.	255	4,883
	Medicis Pharmaceutical Corp.	277	8,224
	Medtronic Inc.	589	27,942
	Meiji Dairies Corp.	222	1,168
	Meiji Seika Kaisha Ltd.	297	1,305
	Mentor Corp.	143	6,088
	Merck & Co Inc.	700	40,782
	Merck KGAA.	12	1,501
	Metcash Ltd.	342	1,488
	Metro AG.	30	2,718
	Metro Inc.	37	1,391
	MGI Pharma Inc.	387	12,608
	Michael Page International Plc.	118	1,075
	Millennium Pharmaceuticals Inc.	760	8,983
	Millipore Corp. (b)	110	8,542
	Mitsubishi Tanabe Pharma Corp.	111	1,267
	Molson Coors Brewing Co.	78	4,464
	Monster Worldwide Inc.	227	9,212
	Moody's Corp.	120	5,246
	WM Morrison Supermarkets PLC.	429	2,639
	MPS Group Inc.	788	9,621
	Mylan Inc.	584	8,783
	Myriad Genetics Inc.	204	11,293
	NBTY Inc.	299	10,644
	Nektar Therapeutics.	454	2,715
	Nestle SA.	75	34,606
	Neurocrine Biosciences Inc.	254	2,350
	Nichirei Corp.	273	1,159
	Nippon Meat Packers Inc.	121	1,218
	Nippon Suisan Kaisha Ltd.	233	1,155
	Nisshin Seifun Group Inc.	140	1,258
	Nissin Food Products Co Ltd.	43	1,349
	Nobel Biocare Holding AG.	4	1,164
	Novartis AG.	463	24,621
	Novo Nordisk A/S.	36	4,464
	Novozymes A/S.	11	1,197
	Nutreco Holding NV.	17	1,161
	Odyssey HealthCare Inc.	236	2,419
	Olam International Ltd.	662	1,601
	Omnicare Inc.	307	9,057
	Ono Pharmaceutical Co Ltd.	46	2,368
	Onyx Pharmaceuticals Inc.	246	11,491
	OSI Pharmaceuticals Inc.	115	4,781
	Pacific Brands Ltd.	425	1,370
	Parexel International Corp.	130	5,980
	Parkway Holdings Ltd.	510	1,466
	Parmalat SpA.	365	1,349
	Patterson Cos Inc.	260	10,169
	PDL BioPharma Inc.	238	5,046
	Pediatrix Medical Group Inc.	243	15,917
	Pepsi Bottling Group Inc.	312	13,441
	PepsiAmericas Inc.	152	5,429
	Performance Food Group Co.	227	6,127
	Pernod-Ricard SA.	16	3,696
	Perrigo Co.	517	12,258
	Pharmaceutical Product Develop.	206	8,701
	PharMerica Corp.	191	3,046
	PolyMedica Corp.	114	6,037

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Premier Foods PLC.	252	1,182
	Pre-Paid Legal Services Inc. (b)	47	2,801
	Psychiatric Solutions Inc. (b)	269	10,652
	QP Corp.	135	1,329
	Qiagen NV.	75	1,756
	Quest Diagnostics Inc.	77	4,095
	Ralcorp Holdings Inc. (b)	129	7,263
	Randstad Holding NV.	20	1,108
	Reckitt Benckiser Group PLC.	113	6,554
	Regeneron Pharmaceuticals Inc.	339	7,458
	Rent-A-Center Inc/TX.	476	7,616
	Rentokil Initial PLC.	411	1,470
	Resmed Inc.	154	6,380
	Resources Connection Inc.	223	5,078
	Respironics Inc.	144	7,209
	Reynolds American Inc.	64	4,124
	Rhoen Klinikum AG.	45	1,420
	Robert Half International Inc.	290	8,726
	Roche Holding AG.	138	23,677
	Rohto Pharmaceutical Co Ltd.	125	1,479
	Royal Numico NV.	33	2,608
	SABMiller PLC.	157	4,718
	Safeway Inc.	175	5,950
	SAIC Inc.	869	17,128
	J Sainsbury PLC.	279	3,174
	Sanofi-Aventis SA.	193	16,923
	Santen Pharmaceutical Co Ltd.	56	1,311
	Sapporo Holdings Ltd.	218	1,634
	Saputo Inc.	27	1,656
	Sara Lee Corp.	279	4,615
	Savient Pharmaceuticals Inc.	266	3,745
	Schering-Plough Corp.	777	23,714
	Scottish & Newcastle PLC.	157	2,557
	Secom Co Ltd.	90	4,610
	Securitas AB.	85	1,074
	Sepracor Inc.	216	5,949
	Serco Group PLC.	147	1,378
	Service Corp International/US.	2,003	28,983
	SGS SA.	1	1,310
	Shimadzu Corp.	117	1,163
	Shionogi & Co Ltd.	129	2,188
	Shire PLC.	103	2,573
	Shiseido Co Ltd.	157	3,763
	Sierra Health Services Inc.	248	10,490
	Sigma Pharmaceuticals Ltd.	824	1,167
	Smith & Nephew PLC.	174	2,350
	Smithfield Foods Inc.	301	8,630
	SAPRR.	13	1,383
	Sohgo Security Services Co Ltd.	80	1,324
	Sonic Healthcare Ltd.	110	1,764
	Sonova Holding AG.	14	1,571
	Sotheby's.	326	17,659
	Spherion Corp.	386	3,366
	St Jude Medical Inc. (b)	176	7,168
	Stada Arzneimittel AG.	20	1,271
	STERIS Corp.	449	13,039
	Stewart Enterprises Inc.	643	5,832
	Strayer Education Inc.	70	13,052
	Stryker Corp.	163	11,573
	Sunrise Senior Living Inc.	211	7,807
	SUPERVALU Inc.	498	19,298
	Suzuken Co Ltd.	42	1,351
	Swedish Match AB.	67	1,498
	Symbion Health Ltd.	368	1,385
	Synthes Inc.	11	1,373
	SYSCO Corp.	315	10,801
	Sysmex Corp.	34	1,385
	Taisho Pharmaceutical Co Ltd.	95	1,824
	Takara Holdings Inc.	211	1,233
	Takeda Pharmaceutical Co Ltd.	332	20,603

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Tate & Lyle PLC.	113	1,023
	Techne Corp.	185	12,069
	TeleTech Holdings Inc.	228	5,684
	Tenet Healthcare Corp. (b)	1,139	3,998
	Terumo Corp.	81	3,939
	Tesco PLC.	1,476	14,979
	Thai Beverage PCL.	7,279	1,308
	Theravance Inc.	242	6,055
	Tingyi Cayman Islands Holding.	1,491	2,270
	Toppan Printing Co Ltd.	266	2,587
	Toyo Suisan Kaisha Ltd.	79	1,368
	Transurban Group.	385	2,607
	Tsumura & Co.	76	1,354
	Tupperware Brands Corp.	410	14,801
	Tyson Foods Inc.	672	10,618
	UCB SA.	23	1,350
	Unicharm Corp.	24	1,425
	Unilever NV.	319	10,345
	Unilever PLC.	244	8,246
	United Natural Foods Inc.	195	5,643
	United Rentals Inc.	497	16,992
	United Therapeutics Corp.	96	6,570
	UnitedHealth Group Inc.	688	33,815
	Universal Corp/Richmond VA.	175	8,530
	Universal Health Services Inc.	100	4,875
	UST Inc.	388	20,688
	Valassis Communications Inc. (b)	324	3,191
	Varian Medical Systems Inc. (b)	222	10,827
	VCA Antech Inc.	414	19,065
	Vedior NV.	50	1,134
	Ventana Medical Systems Inc.	167	14,696
	Vertex Pharmaceuticals Inc.	259	8,376
	Viad Corp.	136	4,820
	VistaPrint Ltd.	193	9,181
	Watson Pharmaceuticals Inc.	247	7,548
	Watson Wyatt Worldwide Inc.	215	10,249
	WD-40 Co.	112	4,435
	Weight Watchers International.	75	3,843
	WellCare Health Plans Inc.	71	1,717
	WellPoint Inc.	216	17,114
	West Pharmaceutical Services I.	166	6,862
	Western Union Co/The.	388	8,552
	George Weston Ltd.	18	1,317
	Whole Foods Market Inc.	248	12,286
	William Demant Holding. (b)	13	1,191
	Wilmar International Ltd.	975	2,790
	Woolworths Ltd.	481	14,986
	WM Wrigley Jr Co.	153	9,414
	Wyeth.	433	21,057
	Yakult Honsha Co Ltd.	65	1,499
	Yamazaki Baking Co Ltd.	164	1,431
	Zimmer Holdings Inc.	130	9,034
			2,994,341

ENERGY (6.5%)
	Acergy SA.	49	1,415
	Advantage Energy Income Fund.	34	431
	Alpha Natural Resources Inc.	329	9,028
	Anadarko Petroleum Corp.	183	10,801
	Apache Corp.	128	13,288
	Arch Coal Inc.	281	11,521
	Atwood Oceanics Inc.	129	10,867
	Australian Worldwide Explorati.	444	1,241
	Baker Hughes Inc.	165	14,309
	BG Group PLC.	663	12,265
	BJ Services Co.	261	6,575
	Bourbon SA.	20	1,412
	BP PLC.	3,572	46,428
	Cabot Oil & Gas Corp.	489	19,408
	Caltex Australia Ltd.	61	1,215

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Cameron International Corp.	192	18,693
	Canadian Natural Resources Ltd.	100	8,315
	Canadian Oil Sands Trust.	44	1,616
	Cheniere Energy Inc.	192	7,776
	Chesapeake Energy Corp.	246	9,712
	Chevron Corp.	678	62,044
	CGG-Veritas. (b)	5	1,638
	Cimarex Energy Co.	195	7,899
	CNOOC Ltd.	5,804	12,102
	Cnpc Hong Kong Ltd.	2,113	1,704
	ConocoPhillips.	487	41,376
	Consol Energy Inc.	325	18,363
	Core Laboratories NV.	115	16,783
	Cosmo Oil Co Ltd.	268	1,150
	Covanta Holding Corp.	225	6,100
	Crosstex Energy Inc.	229	8,443
	Delta Petroleum Corp.	330	6,171
	Denbury Resources Inc.	237	13,414
	Devon Energy Corp.	134	12,516
	Diamond Offshore Drilling Inc.	34	3,850
	El Paso Corp.	1,679	29,651
	Enbridge Inc.	62	2,685
	EnCana Corp.	142	9,935
	Encore Acquisition Co.	390	14,313
	Enerplus Resources Fund.	30	1,454
	ENI SpA.	458	16,716
	ENSCO International Inc.	260	14,427
	EOG Resources Inc.	126	11,164
	EXCO Resources Inc.	586	9,892
	Exterran Holdings Inc.	677	57,003
	Exxon Mobil Corp.	1,757	161,626
	First Solar Inc.	68	10,799
	FMC Technologies Inc.	231	14,006
	Fording Canadian Coal Trust.	13	476
	Fugro NV.	19	1,665
	Global Industries Ltd.	349	8,592
	Grant Prideco Inc.	229	11,258
	Grey Wolf Inc.	1,249	7,032
	Halliburton Co.	485	19,119
	Headwaters Inc.	292	4,190
	Helix Energy Solutions Group I.	164	7,585
	Helmerich & Payne Inc.	188	5,945
	Hercules Offshore Inc.	349	9,437
	Hess Corp.	103	7,376
	Holly Corp.	221	13,879
	Husky Energy Inc.	46	2,144
	Idemitsu Kosan Co Ltd.	12	1,383
	Imperial Oil Ltd.	53	2,886
	ION Geophysical Corp.	478	7,242
	Japan Petroleum Exploration Co.	19	1,439
	Lundin Petroleum AB.	122	1,465
	Marathon Oil Corp.	258	15,238
	Mariner Energy Inc.	558	13,950
	National Fuel Gas Co.	166	8,049
	National Oilwell Varco Inc.	227	16,625
	Neste Oil OYJ.	36	1,294
	Nexen Inc.	87	2,946
	Niko Resources Ltd.	14	1,568
	Nippon Mining Holdings Inc.	370	3,457
	Nippon Oil Corp.	583	5,109
	Noble Corp.	476	25,204
	Occidental Petroleum Corp.	267	18,436
	Oceaneering International Inc.	274	21,172
	Oil Search Ltd.	395	1,564
	Oilexco Inc.	109	1,989
	OMV AG.	28	2,093
	Oneok Inc.	247	12,335
	OPTI Canada Inc.	61	1,230
	Origin Energy Ltd.	348	2,966
	Parker Drilling Co. (b)	856	7,225

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Peabody Energy Corp.	157	8,753
	Penn Virginia Corp.	187	9,051
	Penn West Energy Trust.	42	1,339
	Petro-Canada.	93	5,365
	Pride International Inc.	294	10,849
	PrimeWest Energy Trust.	21	587
	Q-Cells AG.	15	1,913
	Questar Corp.	306	17,466
	Quicksilver Resources Inc.	107	6,099
	Range Resources Corp.	292	13,120
	Renewable Energy Corp AS.	33	1,682
	Repsol YPF SA.	147	5,802
	Rowan Cos Inc.	280	10,914
	Royal Dutch Shell PLC.	975	42,572
	Saipem SpA.	47	2,079
	Santos Ltd.	238	3,110
	SBM Offshore NV.	32	1,231
	Schlumberger Ltd.	608	58,715
	SEACOR Holdings Inc.	117	10,723
	SeaDrill Ltd.	64	1,523
	Showa Shell Sekiyu KK.	105	1,228
	Singapore Petroleum Co Ltd.	306	1,734
	Smith International Inc.	354	23,382
	Solarworld AG.	27	1,857
	Southwestern Energy Co. (b)	332	17,174
	Spectra Energy Corp.	197	5,118
	St Mary Land & Exploration Co.	299	12,666
	StatoilHydro ASA.	233	7,884
	Stone Energy Corp.	174	7,757
	Suncor Energy Inc.	85	9,307
	Sunoco Inc.	308	22,669
	Sunpower Corp.	71	8,979
	Superior Energy Services.	401	14,869
	Talisman Energy Inc.	195	4,248
	Technip SA.	20	1,792
	Tesoro Corp.	327	19,793
	Tetra Technologies Inc.	372	7,325
	TonenGeneral Sekiyu KK.	134	1,344
	Total SA.	422	34,013
	TransCanada Corp.	100	4,253
	Transocean Inc.	151	18,025
	Tullow Oil PLC.	134	1,778
	Ultra Petroleum Corp.	268	18,990
	UTS Energy Corp.	227	1,468
	Valero Energy Corp.	174	12,255
	Weatherford International Ltd.	179	11,619
	WesternZagros Resources Ltd.	41	145
	W-H Energy Services Inc.	150	8,634
	John Wood Group PLC.	198	1,719
	Woodside Petroleum Ltd.	179	8,670
	XTO Energy Inc.	166	11,019
			1,563,703

FINANCIAL (16.6%)
	77 Bank Ltd/The.	198	1,333
	ABN AMRO Holding NV.	355	19,183
	ACE Ltd.	104	6,303
	Acom Co Ltd.	37	882
	Adelaide Bank Ltd.	101	1,380
	Admiral Group PLC.	79	1,694
	Aegon NV.	270	5,576
	Aeon Credit Service Co Ltd.	92	1,406
	Aeon Mall Co Ltd.	44	1,136
	Affiliated Managers Group Inc.	61	8,025
	Aflac Inc.	109	6,843
	AGF Management Ltd.	38	1,476
	Agile Property Holdings Ltd.	736	1,763
	Aichi Bank Ltd/The.	12	1,091
	Aiful Corp.	52	1,219
	Aioi Insurance Co Ltd.	221	1,276

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Alexandria Real Estate Equitie.	146	15,058
	Allco Finance Group Ltd.	143	1,016
	Alleanza Assicurazioni SpA.	103	1,394
	Alleghany Corp. (b)	10	3,930
	Alliance & Leicester PLC.	81	1,332
	Allianz SE.	84	18,921
	Allied Irish Banks PLC.	171	4,282
	Allied World Assurance Holding.	84	4,024
	Allstate Corp/The.	241	12,628
	Alpha Bank AE.	76	2,811
	AMB Property Corp.	174	11,371
	AMBAC Financial Group Inc.	245	9,023
	Amcore Financial Inc.	152	3,604
	American Express Co.	548	33,401
	American Financial Realty Trus.	872	5,877
	American Financial Group Inc/O.	167	4,993
	American Home Mortgage Investm.	408	45
	American International Group I.	818	51,632
	American National Insurance.	39	5,043
	AmeriCredit Corp.	281	3,965
	Ameriprise Financial Inc.	81	5,101
	Amlin PLC.	234	1,562
	AMP Ltd.	747	7,090
	Anchor Bancorp Wisconsin Inc.	198	4,871
	Anglo Irish Bank Corp PLC.	135	2,260
	Annaly Capital Management Inc.	2,343	40,042
	AON Corp.	103	4,668
	Apartment Investment & Managem.	191	8,925
	Arch Capital Group Ltd.	120	8,972
	Arthur J Gallagher & Co.	239	6,360
	Ascendas Real Estate Investmen.	732	1,310
	Aspen Insurance Holdings Ltd.	193	5,280
	Assicurazioni Generali SpA.	225	10,692
	Associated Banc-Corp.	289	8,341
	Assurant Inc.	241	14,084
	Assured Guaranty Ltd.	99	2,284
	Astoria Financial Corp.	210	5,458
	ASX Ltd.	68	3,632
	Australia & New Zealand Bankin.	729	20,439
	AvalonBay Communities Inc.	161	19,747
	Aviva PLC.	483	7,589
	AXA SA.	334	14,928
	AXA Asia Pacific Holdings Ltd.	360	2,736
	Axis Capital Holdings Ltd.	348	13,830
	Babcock & Brown Ltd.	114	3,239
	Baloise Holding AG.	14	1,488
	Banca Monte dei Paschi di Sien.	233	1,488
	Banca Popolare di Milano Scarl.	90	1,412
	BBVA.	661	16,629
	Banco BPI SA.	141	1,233
	Banco Comercial Portugues SA.	623	3,014
	Banco de Valencia SA.	23	1,313
	Banco Espirito Santo SA.	56	1,356
	Banco Popular Espanol SA.	143	2,496
	Banco Santander SA.	1,164	25,288
	Bancorpsouth Inc.	524	12,712
	Bank of America Corp.	1,624	78,407
	Bank of East Asia Ltd.	619	4,169
	Bank of Hawaii Corp.	105	5,582
	Bank of Ireland.	183	3,379
	Bank of Montreal.	93	6,201
	Bank of Nova Scotia.	184	10,415
	Bank of New York Mellon Corp/T.	595	29,066
	Bank of Queensland Ltd.	87	1,554
	Bank of Yokohama Ltd/The.	560	3,941
	Bankinter SA.	75	1,113
	Barclays PLC.	1,218	15,299
	BB&T Corp.	213	7,875
	Bear Stearns Cos Inc/The.	39	4,430
	Bendigo Bank Ltd.	95	1,236

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	WR Berkley Corp.	415	12,487
	BioMed Realty Trust Inc.	502	11,993
	BNP Paribas.	163	17,963
	BOC Hong Kong Holdings Ltd.	1,426	4,002
	BOK Financial Corp.	57	3,109
	Bolsas y Mercados Espanoles.	23	1,604
	Boston Properties Inc.	62	6,717
	Bradford & Bingley PLC.	153	983
	Brandywine Realty Trust.	595	15,393
	BRE Properties Inc.	248	13,590
	British Land Co PLC.	97	2,187
	Brookfield Asset Management In.	108	4,411
	Cabcharge Australia Ltd.	123	1,217
	Cambridge Industrial Trust.	728	367
	Camden Property Trust.	114	7,108
	Canadian Imperial Bank of Comm.	63	6,801
	CapitaCommercial Trust.	749	1,393
	Capital One Financial Corp.	134	8,789
	CapitalSource Inc.	321	5,849
	CapitaLand Ltd.	666	3,706
	CapitaMall Trust.	528	1,336
	Cathay General Bancorp.	326	10,096
	Cattles PLC.	174	1,234
	Societa Cattolica di Assicuraz.	23	1,522
	CB Richard Ellis Group Inc.	400	9,752
	Centro Properties Group.	337	2,197
	CFS Retail Property Trust.	800	1,818
	Challenger Financial Services.	275	1,619
	Cheung Kong Holdings Ltd.	582	11,317
	Chiba Bank Ltd/The.	357	2,837
	China Everbright Ltd. (b)	555	2,456
	China Insurance International. (b)	530	1,706
	China Overseas Land & Investme.	1,521	3,412
	China Resources Land Ltd.	712	1,784
	Chinese Estates Holdings Ltd.	716	1,439
	Chittenden Corp.	306	10,900
	Chubb Corp.	124	6,615
	Chugoku Bank Ltd/The.	98	1,418
	Chuo Mitsui Trust Holdings Inc.	394	3,125
	Cigna Corp.	111	5,826
	Cincinnati Financial Corp.	360	14,321
	CIT Group Inc.	456	16,069
	CITIC International Financial.	1,560	1,330
	Citigroup Inc.	1,592	66,705
	Citizens Republic Bancorp Inc.	509	7,747
	City Developments Ltd.	188	2,053
	City National Corp/CA.	97	6,557
	CME Group Inc.	75	49,969
	CNP Assurances.	10	1,274
	Colonial BancGroup Inc/The.	371	7,116
	Colonial Properties Trust.	314	9,838
	Comerica Inc.	61	2,847
	Commerce Bancorp Inc/NJ.	489	19,927
	Equity Lifestyle Properties In.	104	5,225
	Commerce Bancshares Inc/Kansas.	166	7,830
	Commerce Group Inc.	408	14,888
	Commerzbank AG.	112	4,756
	Commonwealth Bank of Australia.	514	29,444
	Commonwealth Property Office F.	956	1,407
	CompuCredit Corp.	79	1,574
	Conseco Inc.	454	7,169
	Corio NV.	13	1,139
	Corporate Office Properties Tr.	228	9,423
	Countrywide Financial Corp.	224	3,476
	Cousins Properties Inc.	277	7,975
	Credit Agricole SA.	139	5,494
	Credit Saison Co Ltd.	67	2,120
	Credit Suisse Group.	195	13,113
	Cullen/Frost Bankers Inc.	152	8,083
	Daishi Bank Ltd/The.	308	1,337

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Daito Trust Cons.	36	1,654
	Daiwa Securities Group Inc.	556	5,291
	Danske Bank A/S.	88	3,878
	DB RREEF Trust.	1,153	2,245
	DBS Group Holdings Ltd.	444	6,874
	DCT Industrial Trust Inc.	1,145	12,286
	Derwent London PLC.	39	1,348
	Deutsche Bank AG.	98	13,128
	Deutsche Boerse AG.	38	6,108
	Deutsche Postbank AG.	17	1,243
	Dexia SA.	104	3,335
	DiamondRock Hospitality Co.	733	14,044
	Digital Realty Trust Inc.	282	12,405
	Dime Community Bancshares.	191	2,748
	DnB NOR ASA.	137	2,259
	Downey Financial Corp.	141	5,743
	Duke Realty Corp.	328	10,545
	EFG Eurobank Ergasias SA.	51	1,984
	Endurance Specialty Holdings L.	139	5,450
	Equity Inns Inc.	0	0
	Equity Residential.	100	4,178
	Erie Indemnity Co.	125	7,113
	Erste Bank der Oesterreichisch.	41	3,325
	Essex Property Trust Inc.	124	15,305
	Eurazeo.	9	1,341
	Everest Re Group Ltd.	160	17,046
	Fairfax Financial Holdings Ltd.	7	1,936
	Fannie Mae.	332	18,937
	Federal Realty Invs Trust.	114	10,057
	Federated Investors Inc.	236	10,148
	FelCor Lodging Trust Inc.	416	8,711
	Fidelity National Financial In.	523	8,049
	Fifth Third Bancorp.	183	5,724
	First American Corp.	203	6,110
	First Bancorp/Puerto Rico.	643	5,652
	First Horizon National Corp.	301	7,850
	First Marblehead Corp/The.	122	4,737
	First Midwest Bancorp Inc/IL.	339	11,418
	First Niagara Financial Group.	731	9,649
	FirstFed Financial Corp. (b)	115	4,920
	FirstMerit Corp.	506	10,727
	FKP Property Group.	219	1,497
	FNB Corp/PA.	414	6,881
	Fonciere Des Regions.	9	1,313
	Fondiaria-Sai SpA.	27	1,310
	Forest City Enterprises Inc.	122	6,944
	Fortis.	243	7,767
	Franklin Resources Inc.	86	11,152
	Franklin Street Properties Cor.	445	7,231
	Fraser and Neave Ltd.	435	1,804
	Freddie Mac.	239	12,483
	Fremont General Corp.	653	1,809
	Friedman Billings Ramsey Group.	1,010	4,343
	Friends Provident PLC.	400	1,531
	Frontier Financial Corp.	337	7,478
	Fulton Financial Corp.	1,173	15,378
	Genting International PLC. (b)	2,221	1,059
	Genworth Financial Inc.	172	4,696
	Goldman Sachs Group Inc/The.	120	29,750
	Goodman Group.	585	3,760
	GPT Group.	816	3,511
	Great Portland Estates PLC.	99	1,177
	Great-West Lifeco Inc.	48	1,895
	Greentown China Holdings Ltd.	546	1,160
	Guoco Group Ltd.	90	1,382
	GZI Real Estate Investment Tru.	1,092	441
	Hammerson PLC.	54	1,249
	Hang Lung Group Ltd.	333	1,951
	Hang Lung Properties Ltd.	731	3,476
	Hang Seng Bank Ltd.	275	5,578

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hannover Rueckversicherung AG.	29	1,527
	Hartford Financial Services Gr.	101	9,800
	HBOS PLC.	698	12,672
	HCC Insurance Holdings Inc.	263	7,861
	HCP Inc.	487	16,577
	Health Care REIT Inc.	582	25,777
	Healthcare Realty Trust Inc.	320	8,461
	Helvetia Holding AG.	3	1,088
	Henderson Group PLC.	327	1,272
	Henderson Investment Ltd.	794	1,580
	Henderson Land Development Co.	271	2,413
	Higo Bank Ltd/The.	196	1,354
	Hilb Rogal & Hobbs Co.	176	7,756
	Hokkoku Bank Ltd/The.	305	1,446
	Hokuhoku Financial Group Inc.	556	1,701
	Home Properties Inc.	169	8,690
	Hong Kong Exchanges and Cleari.	424	14,016
	Hongkong Land Holdings Ltd.	740	3,685
	Hopewell Holdings.	301	1,550
	Hopson Development Holdings Lt.	363	1,396
	Horace Mann Educators Corp.	285	5,897
	Hospitality Properties Trust.	223	8,831
	Host Hotels & Resorts Inc.	146	3,235
	HRPT Properties Trust.	1,437	13,493
	HSBC Holdings PLC.	2,180	43,115
	Hudson City Bancorp Inc.	1,242	19,450
	Huntington Bancshares Inc/OH.	835	14,955
	Hyakugo Bank Ltd/The.	202	1,203
	Hyakujushi Bank Ltd/The.	258	1,297
	Hypo Real Estate Holding AG.	37	2,206
	Hysan Development Co Ltd.	504	1,515
	ICAP PLC.	134	1,630
	IGM Financial Inc.	26	1,512
	Immoeast AG. (b)	100	1,217
	IMMOFINANZ AG.	103	1,223
	Industrial Alliance Insurance.	35	1,472
	IndyMac Bancorp Inc.	502	6,737
	ING Groep NV.	389	17,488
	ING Industrial Fund.	615	1,604
	ING Office Fund.	910	1,526
	Insurance Australia Group Ltd.	717	3,139
	IntercontinentalExchange Inc.	128	22,810
	International Bancshares Corp.	131	2,864
	International Securities Excha.	181	12,136
	Intesa Sanpaolo SpA.	1,974	15,550
	Invesco PLC.	156	2,393
	Investec PLC.	104	1,257
	Investment Technology Group In. (b)	220	9,218
	Investor AB.	136	3,338
	IPC Holdings Ltd.	154	4,606
	Irish Life & Permanent PLC.	54	1,231
	iStar Financial Inc.	305	9,306
	IVG Immobilien AG.	36	1,627
	Iyo Bank Ltd/The.	148	1,441
	JPMorgan Chase & Co.	1,175	55,225
	Jafco Co Ltd.	28	1,143
	Janus Capital Group Inc.	449	15,495
	Japan Securities Finance Co Lt.	96	1,002
	Jefferies Group Inc.	260	6,950
	Jones Lang LaSalle Inc.	74	7,054
	Joyo Bank Ltd/The.	322	1,984
	Juroku Bank Ltd/The.	218	1,313
	Jyske Bank A/S. (b)	16	1,318
	Kagoshima Bank Ltd/The.	179	1,235
	KBC Groep NV.	32	4,482
	Keiyo Bank Ltd/The.	232	1,190
	Keppel Land Ltd.	238	1,365
	Kerry Properties Ltd.	181	1,554
	Keycorp.	149	4,239
	Kilroy Realty Corp.	158	10,276

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Kimco Realty Corp.	519	21,549
	Kinnevik Investment AB.	68	1,686
	Klepierre.	24	1,301
	Knight Capital Group Inc.	705	9,454
	Kowloon Development Co Ltd.	593	1,836
	LaBranche & Co Inc. (b)	480	2,630
	Land Securities Group PLC.	82	2,804
	LaSalle Hotel Properties.	194	8,016
	Legal & General Group PLC.	1,217	3,546
	Lehman Brothers Holdings Inc.	172	10,894
	Lend Lease Corp Ltd.	138	2,577
	Leopalace21 Corp.	54	1,713
	Lexington Realty Trust.	437	8,648
	Liberty International PLC.	62	1,542
	Liberty Property Trust.	216	8,126
	Lincoln National Corp.	86	5,364
	Lloyds TSB Group PLC.	1,049	11,900
	Loews Corp.	145	7,118
	London Stock Exchange Group PL.	48	1,677
	M&T Bank Corp.	30	2,984
	Macerich Co/The.	127	10,885
	Mack-Cali Realty Corp.	158	6,255
	Macquarie Group Ltd.	101	7,907
	Macquarie Communications Infra.	256	1,369
	Macquarie CountryWide Trust.	775	1,451
	Macquarie Infrastructure Group.	1,071	3,152
	Macquarie Office Trust.	1,000	1,528
	Man Group Plc. .	350	4,280
	Manulife Financial Corp.	288	13,470
	Mapfre SA.	279	1,309
	Markel Corp.	20	10,864
	Marsh & McLennan Cos Inc.	217	5,618
	Marshall & Ilsley Corp.	569	24,296
	MBIA Inc.	313	13,472
	Mediobanca SpA.	72	1,707
	Meinl European Land Ltd.	56	785
	Mercury General Corp.	62	3,181
	Merrill Lynch & Co Inc.	292	19,278
	MetLife Inc.	145	9,983
	MGIC Investment Corp.	197	3,814
	Mid-America Apartment Communit.	125	6,500
	Millea Holdings Inc.	330	12,928
	Mirvac Group.	403	2,170
	Mitsubishi Estate Co Ltd.	547	16,214
	Mitsubishi UFJ Financial Group.	4,123	40,703
	Mitsubishi UFJ Lease & Finance.	29	998
	Mitsui Fudosan Co Ltd.	351	9,614
	Mitsui Sumitomo Insurance Co L.	572	6,505
	Mizuho Financial Group Inc.	5	27,866
	Mizuho Trust & Banking Co Ltd.	682	1,206
	Montpelier Re Holdings Ltd.	244	4,368
	Morgan Stanley.	313	21,052
	Muenchener Rueckversicherungs.	41	7,838
	Nanto Bank Ltd/The.	259	1,349
	Nasdaq Stock Market Inc/The.	199	9,293
	National Australia Bank Ltd.	638	25,613
	National Bank of Canada.	30	1,735
	National Bank of Greece SA.	88	6,115
	National City Corp.	636	15,423
	National Financial Partners Co.	184	10,059
	National Retail Properties Inc.	448	11,357
	Nationwide Financial Services.	367	19,690
	Nationwide Health Properties I.	657	20,512
	New World Development Ltd.	895	3,193
	New York Community Bancorp Inc.	718	13,362
	NewAlliance Bancshares Inc.	768	10,744
	Newcastle Investment Corp.	360	5,346
	Nexity.	17	1,130
	Nikko Cordial Corp.	149	2,133
	Nipponkoa Insurance Co Ltd.	321	2,921

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Nissay Dowa General Insurance.	232	1,311
	Nomura Holdings Inc.	761	13,522
	Nomura Real Estate Holdings In.	43	1,234
	Nordea Bank AB.	387	6,921
	Northern Rock PLC.	79	303
	Novastar Financial Inc.	20	106
	Nuveen Investments Inc.	160	10,368
	Nymex Holdings Inc.	20	2,570
	NYSE Euronext.	100	9,387
	Okasan Holdings Inc.	205	1,368
	Old Mutual PLC.	1,026	3,926
	Old National Bancorp/IN.	449	7,503
	Old Republic International Cor.	512	7,849
	OMX AB.	43	1,808
	Onex Corp.	42	1,767
	ORIX Corp.	36	7,242
	Oversea-Chinese Banking Corp.	985	6,263
	Pacific Capital Bancorp NA.	333	6,903
	Pargesa Holding SA.	12	1,366
	Park National Corp.	57	4,518
	PartnerRe Ltd.	144	11,988
	Pennsylvania Real Estate Inves.	249	9,499
	Perpetual Ltd.	20	1,383
	PFF Bancorp Inc.	157	1,672
	Philadelphia Consolidated Hold.	291	11,873
	Phoenix Cos Inc/The.	730	10,059
	Piper Jaffray Cos.	94	4,832
	Piraeus Bank SA.	63	2,526
	Platinum Underwriters Holdings.	458	16,488
	PMI Group Inc/The.	206	3,302
	PNC Financial Services Group I.	108	7,793
	Popular Inc.	601	6,341
	Power Corp Of Canada.	59	2,530
	Power Financial Corp.	43	1,917
	Principal Financial Group Inc.	102	6,902
	ProAssurance Corp.	154	8,492
	Promise Co Ltd.	48	1,435
	Prosperity REIT.	2,080	429
	Protective Life Corp.	155	6,645
	Provident Bankshares Corp.	217	5,353
	Provident Financial Services I.	429	6,795
	Prudential Financial Inc.	144	13,928
	Prudential PLC.	455	7,400
	PSP Swiss Property AG.	25	1,353
	Public Storage.	67	5,425
	QBE Insurance Group Ltd.	344	10,414
	Quintain Estates & Development.	70	895
	Radian Group Inc.	186	2,342
	Raiffeisen International Bank.	9	1,487
	RAIT Financial Trust.	440	4,004
	Ratos AB.	42	1,233
	Raymond James Financial Inc.	234	8,717
	Realty Income Corp.	690	20,383
	Redwood Trust Inc.	176	4,638
	Regency Centers Corp.	140	10,007
	Regions Financial Corp.	225	6,102
	Reinsurance Group of America I.	68	3,885
	RenaissanceRe Holdings Ltd.	156	9,101
	Resolution Plc.	128	1,945
	Resona Holdings Inc.	2	3,536
	RLI Corp.	110	6,399
	Royal & Sun Alliance Insurance.	556	1,823
	Royal Bank of Canada.	238	14,117
	Royal Bank of Scotland Group P.	1,760	18,905
	Safeco Corp.	253	14,649
	Sampo Oyj.	92	2,882
	San-In Godo Bank Ltd/The.	149	1,338
	Schroders PLC.	52	1,664
	Charles Schwab Corp/The.	534	12,410
	Segro PLC.	109	1,059

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Selective Insurance Group.	410	9,967
	Senior Housing Properties Trus.	581	13,026
	Senshu Bank Ltd/The.	514	1,190
	Shiga Bank Ltd/The.	202	1,427
	Shimao Property Holdings Ltd.	489	1,726
	Shinko Securities Co Ltd.	267	1,365
	Shinsei Bank Ltd.	589	1,889
	Shizuoka Bank Ltd/The.	283	2,953
	Shui On Land Ltd.	1,248	1,723
	Shun Tak Holdings Ltd.	840	1,314
	Simon Property Group Inc.	113	11,764
	Singapore Exchange Ltd.	424	4,572
	Sino Land Co.	580	1,800
	Skandinaviska Enskilda Banken.	101	3,093
	SL Green Realty Corp.	105	12,669
	Societe Generale.	86	14,431
	Sompo Japan Insurance Inc.	393	4,578
	South Financial Group Inc/The.	500	10,330
	Sovereign Bancorp Inc.	790	11,400
	St George Bank Ltd.	212	7,178
	Standard Chartered PLC.	260	10,090
	Standard Life PLC.	392	2,319
	State Street Corp.	199	15,874
	Sterling Bancshares Inc/TX.	588	7,174
	Sterling Financial Corp/WA.	353	7,943
	Stockland.	555	4,627
	Storebrand ASA.	86	1,227
	Strategic Hotels & Resorts Inc.	518	11,313
	Sumitomo Mitsui Financial Grou.	3	24,286
	Sumitomo Realty & Development.	190	6,637
	Sumitomo Trust & Banking Co Lt.	665	4,905
	Sun Hung Kai Properties Ltd.	547	10,361
	Sun Life Financial Inc.	107	6,216
	Suncorp-Metway Ltd.	369	6,970
	Sunstone Hotel Investors Inc.	418	11,625
	Suntec REIT.	1,048	1,311
	SunTrust Banks Inc.	111	8,059
	Suruga Bank Ltd.	105	1,372
	Susquehanna Bancshares Inc.	353	7,120
	SVB Financial Group. (b)	167	8,649
	Svenska Handelsbanken AB.	94	3,115
	Swedbank AB.	67	2,094
	Swiss Life Holding.	6	1,657
	Swiss Reinsurance.	70	6,569
	SWS Group Inc.	176	3,342
	Sydbank A/S.	26	1,196
	Synovus Financial Corp.	641	16,897
	T Rowe Price Group Inc.	469	30,129
	T&D Holdings Inc.	98	5,835
	Takefuji Corp.	53	1,351
	Taubman Centers Inc.	265	15,601
	TCF Financial Corp.	288	6,558
	TD Ameritrade Holding Corp. (b)	130	2,488
	Awa Bank Ltd/The.	274	1,465
	Bank of Kyoto Ltd/The.	140	1,778
	Bank of Nagoya Ltd/The.	209	1,536
	Gunma Bank Ltd/The.	198	1,399
	Hachijuni Bank Ltd/The.	207	1,575
	Hiroshima Bank Ltd/The.	250	1,350
	Link REIT/The.	662	1,493
	Musashino Bank Ltd/The.	28	1,315
	Nishi-Nippon City Bank Ltd/The.	390	1,146
	Ogaki Kyoritsu Bank Ltd/The.	262	1,458
	Travelers Cos Inc/The.	208	10,860
	Thornburg Mortgage Inc.	279	2,930
	Tokai Tokyo Securities Co Ltd.	232	1,235
	Tokyo Tatemono Co Ltd.	127	1,617
	Tokyo Tomin Bank Ltd/The.	38	1,255
	Tokyu Land Corp.	182	1,868
	Topdanmark A/S. (b)	8	1,365

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Torchmark Corp.	229	14,922
	Toronto-Dominion Bank.	134	10,120
	Trustco Bank Corp NY.	495	5,217
	Trustmark Corp.	357	9,635
	TSX Group Inc.	32	1,725
	UBS AG.	354	18,932
	UCBH Holdings Inc.	751	12,820
	Umpqua Holdings Corp.	432	7,314
	Unibail-Rodamco.	15	3,728
	UniCredito Italiano SpA.	2,286	19,567
	UnionBanCal Corp.	124	6,697
	Unione di Banche Italiane SCPA.	119	3,307
	Unipol Gruppo Finanziario SpA.	797	2,919
	United Bankshares Inc.	313	9,484
	UDR Inc.	326	7,739
	United Industrial Corp Ltd.	642	1,376
	United Overseas Bank Ltd.	484	7,192
	Unitrin Inc.	100	4,631
	Unum Group.	810	18,905
	UOL Group Ltd.	368	1,335
	Urban Corp.	82	1,414
	US Bancorp.	550	18,238
	Valad Property Group.	824	1,451
	Valley National Bancorp.	293	6,001
	Ventas Inc.	312	13,382
	W Holding Co Inc.	1,198	2,516
	Wachovia Corp.	646	29,542
	Waddell & Reed Financial Inc.	197	6,544
	Washington Federal Inc.	595	14,375
	Washington Mutual Inc.	273	7,611
	Webster Financial Corp.	385	13,952
	Weingarten Realty Investors.	193	7,384
	Wells Fargo & Co.	1,296	44,077
	Wereldhave NV.	4	477
	Westfield Group.	719	14,600
	Westpac Banking Corp.	731	20,794
	Wheelock & Co Ltd.	504	1,626
	White Mountains Insurance Grou.	16	8,602
	Whitney Holding Corp.	447	11,470
	Willis Group Holdings Ltd.	264	11,175
	Wilmington Trust Corp.	165	6,001
	Wing Hang Bank Ltd.	104	1,217
	Wing Lung Bank.	125	1,292
	Wing Tai Holdings Ltd.	533	1,275
	XL Capital Ltd.	66	4,749
	Yamaguchi Financial Group Inc.	105	1,224
	Yamanashi Chuo Bank Ltd/The.	211	1,227
	Zenith National Insurance Corp.	259	10,407
	Zurich Financial Services AG.	27	8,129
	Grand Total		4,025,938

	HOLDING COMPANIES (0.2%)
	China Merchants Holdings Inter.	394	2,750
	China Resources Enterprise.	426	1,847
	Citic Pacific Ltd.	299	1,871
	DCC Plc.	44	1,206
	First Pacific Co.	1,795	1,357
	GEA Group AG.	40	1,495
	Groupe Bruxelles Lambert SA.	16	2,043
	Guangdong Investment Ltd.	1,955	1,329
	Guangzhou Investment Co Ltd.	4,094	1,722
	Hutchison Whampoa Ltd.	851	10,607
	IFIL - Investments SpA.	122	1,391
	Jardine Matheson Holdings Ltd.	175	5,338
	Jardine Strategic Holdings Ltd.	152	2,523
	LVMH Moet Hennessy Louis Vuitt.	48	6,179
	Noble Group Ltd.	1,170	1,908
	Shanghai Industrial Holdings L.	300	1,757
	Sherritt International Corp.	86	1,602
	Solvac SA.	7	1,262

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Swire Pacific Ltd.	884	5,941
	Washington H Soul Pattinson &.	154	1,391
	Wendel.	7	1,202
	Wharf Holdings Ltd.	489	2,921
			59,642

	INDUSTRIAL (10.0%)
	3M Co.	238	20,554
	AAR Corp. (b)	182	5,833
	ABB Ltd.	421	12,662
	Acciona SA.	5	1,542
	ACS Actividades de Construccio.	37	2,289
	Actuant Corp.	138	9,519
	Acuity Brands Inc.	217	10,373
	Advantest Corp.	67	1,922
	Aeroports de Paris.	12	1,371
	AGFA-Gevaert NV.	62	861
	Agilent Technologies Inc.	208	7,665
	Albany International Corp.	180	6,750
	Alfa Laval AB.	21	1,663
	Alliant Techsystems Inc.	161	17,773
	Allied Waste Industries Inc.	725	9,164
	Alps Electric Co Ltd.	132	1,641
	Alstom.	19	4,483
	Amada Co Ltd.	156	1,560
	Amcor Ltd.	359	2,347
	Amec PLC.	100	1,735
	American Commercial Lines Inc.	83	1,238
	Ametek Inc.	214	10,058
	Amphenol Corp.	363	16,070
	Ansell Ltd.	129	1,486
	Applera Corp - Applied Biosyst.	431	16,007
	Aptargroup Inc.	320	14,304
	Arkansas Best Corp.	172	4,721
	Arriva Plc.	81	1,412
	Arrow Electronics Inc. (b)	243	9,715
	Asahi Glass Co Ltd.	468	6,377
	Assa Abloy AB.	61	1,277
	Astec Industries Inc.	82	3,716
	Auckland International Airport.	514	1,138
	Avnet Inc. (b)	294	12,266
	BAE Systems PLC.	627	6,494
	Balfour Beatty PLC.	148	1,524
	BE Aerospace Inc.	445	22,121
	Belden Inc.	222	12,936
	Bemis Co Inc.	247	6,956
	Benchmark Electronics Inc.	553	11,342
	Bilfinger Berger AG.	15	1,327
	Boeing Co.	367	36,183
	Bombardier Inc. (b)	266	1,577
	Boral Ltd.	237	1,495
	Bouygues.	51	4,894
	Briggs & Stratton Corp.	340	7,653
	Brink's Co/The.	205	12,843
	Brother Industries Ltd.	110	1,465
	Bucyrus International Inc.	177	14,603
	Burlington Northern Santa Fe C.	114	9,935
	CH Robinson Worldwide Inc.	311	15,525
	CAE Inc.	102	1,375
	Campbell Brothers Ltd.	56	1,776
	Canadian National Railway Co.	89	4,992
	Canadian Pacific Railway Ltd.	27	1,900
	Carlisle Cos Inc.	304	11,993
	Casio Computer Co Ltd.	104	977
	Central Glass Co Ltd.	235	1,106
	Ceradyne Inc.	121	8,278
	Charter Plc. (b)	56	1,262
	Checkpoint Systems Inc. (b)	261	7,895
	Cheung Kong Infrastructure Hol.	365	1,422
	China Grand Forestry Resources. (b)	3,195	1,117

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Chiyoda Corp.	70	1,286
	Cimpor Cimentos de Portugal SG.	132	1,197
	Cobham PLC.	335	1,467
	Coherent Inc.	155	5,084
	ComfortDelgro Corp Ltd.	963	1,285
	Commercial Metals Co.	289	9,069
	Cie de Saint-Gobain.	69	7,394
	COMSYS Holdings Corp.	118	1,147
	Cookson Group PLC.	93	1,611
	Cooper Industries Ltd.	373	19,541
	Cosco Corp Singapore Ltd.	386	2,068
	CRH PLC.	101	3,857
	CSR Ltd.	456	1,448
	CTS Corp.	275	3,396
	Cummins Inc.	168	20,153
	Cymer Inc.	140	5,950
	Daifuku Co Ltd.	105	1,242
	Daiichi Chuo Kisen Kaisha.	178	1,466
	Daikin Industries Ltd.	105	5,260
	Dainippon Screen Manufacturing.	178	1,049
	Danaher Corp.	124	10,623
	Deere & Co.	72	11,153
	Deutsche Post AG.	155	4,692
	Dionex Corp.	95	8,360
	Disco Corp.	24	1,417
	Donaldson Co Inc.	340	14,572
	Downer EDI Ltd.	218	1,346
	DRS Technologies Inc.	198	11,373
	Dyno Nobel Ltd.	712	1,631
	Eagle Materials Inc.	239	9,443
	East Japan Railway Co.	2	16,416
	Eastman Kodak Co.	686	19,661
	Eaton Corp.	371	34,347
	Ebara Corp.	273	1,278
	Eiffage SA.	10	1,130
	EMCOR Group Inc.	307	10,570
	Energizer Holdings Inc.	102	10,639
	Energy Conversion Devices Inc.	190	5,185
	ESCO Technologies Inc. (b)	124	5,132
	Esterline Technologies Corp. (b)	124	6,793
	EADS.	64	2,173
	Expeditors International Washi.	379	19,196
	Fanuc Ltd.	79	8,586
	FedEx Corp.	103	10,644
	Finmeccanica SpA.	53	1,573
	Finning International Inc.	50	1,720
	Firstgroup Plc.	101	1,670
	Fletcher Building Ltd.	189	1,729
	Flir Systems Inc.	321	22,274
	Florida Rock Industries Inc.	111	6,985
	Flowserve Corp.	117	9,238
	FLSmidth & Co A/S.	15	1,627
	Fluor Corp.	156	24,648
	FCC.	14	1,219
	Forward Air Corp.	163	5,319
	Foster Wheeler Ltd. (b)	125	18,531
	Fuji Electric Holdings Co Ltd.	314	1,184
	FUJIFILM Holdings Corp.	205	9,772
	Fujikura Ltd.	211	1,350
	Funai Electric Co Ltd.	23	971
	Futuris Corp Ltd.	636	1,256
	Gamesa Corp Tecnologica SA.	32	1,622
	Gardner Denver Inc.	263	9,502
	Garmin Ltd.	232	24,917
	General Cable Corp. (b)	246	17,710
	General Dynamics Corp.	108	9,824
	General Electric Co.	3,291	135,458
	General Maritime Corp.	226	6,369
	Genlyte Group Inc.	50	3,255
	Gentex Corp.	331	6,878

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Glory Ltd.	49	1,610
	Go-Ahead Group Plc.	23	1,291
	GrafTech International Ltd.	754	14,251
	Granite Construction Inc.	167	7,151
	Grupo Ferrovial SA.	14	1,218
	Hamamatsu Photonics KK.	41	1,283
	Hankyu Hanshin Holdings Inc.	508	2,373
	Harsco Corp.	170	10,305
	HeidelbergCement AG.	9	1,435
	Heidelberger Druckmaschinen AG.	27	1,106
	Hirose Electric Co Ltd.	14	1,665
	Hitachi Cable Ltd.	212	1,406
	Hitachi Construction Machinery.	37	1,501
	Hitachi Koki Co Ltd.	74	1,312
	Hitachi Ltd.	1,330	9,003
	Hitachi Zosen Corp. (b)	675	1,117
	Hochtief AG.	13	1,783
	Holcim Ltd.	37	4,216
	Honeywell International Inc.	214	12,928
	Hong Kong Aircraft Engineerg.	75	1,898
	Horiba Ltd.	34	1,503
	Hosiden Corp.	83	1,450
	HOYA CORP.	172	6,217
	Hubbell Inc.	125	6,875
	Ibiden Co Ltd.	59	4,976
	IDEX Corp.	391	13,849
	Ihi Corp.	586	1,392
	Iino Kaiun Kaisha Ltd.	101	1,409
	Imerys SA.	13	1,264
	IMI Plc.	109	1,273
	Ingersoll-Rand Co Ltd.	90	4,532
	Insituform Technologies Inc.	171	2,404
	Intermec Inc.	238	6,050
	Invensys PLC.	169	1,149
	Itron Inc.	144	15,479
	ITT Corp.	322	21,548
	Jacobs Engineering Group Inc. (b)	227	19,783
	Japan Airport Terminal Co Ltd.	75	1,456
	Japan Steel Works Ltd/The.	148	2,383
	JGC Corp.	101	2,000
	JM AB.	43	953
	Joy Global Inc.	212	12,309
	JS Group Corp.	109	1,756
	Kajima Corp.	421	1,481
	Kawasaki Heavy Industries Ltd.	622	2,227
	Kawasaki Kisen Kaisha Ltd.	234	3,207
	Kaydon Corp.	141	7,584
	Konecranes Oyj.	32	1,432
	Keihan Electric Railway Co Ltd.	366	1,459
	Keihin Electric Express Railwa.	215	1,314
	Keio Corp.	230	1,395
	Keisei Electric Railway Co Ltd.	255	1,397
	Kemet Corp.	704	4,977
	Kennametal Inc.	192	17,512
	Keyence Corp.	15	3,441
	Kinden Corp.	148	1,307
	Kingspan Group Plc.	54	1,287
	Kintetsu Corp.	679	2,060
	Kirby Corp. (b)	103	4,705
	Kitz Corp.	130	1,061
	Komatsu Ltd.	372	12,284
	Komori Corp.	57	1,492
	Kone OYJ.	19	1,570
	Konica Minolta Holdings Inc.	212	3,675
	Koninklijke BAM Groep NV.	45	1,187
	Kubota Corp.	454	3,801
	Kuehne & Nagel International A.	13	1,394
	Kurita Water Industries Ltd.	45	1,490
	Kyocera Corp.	75	6,280
	Kyowa Exeo Corp.	114	1,015

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	L-3 Communications Holdings In.	222	24,340
	Lafarge SA.	28	4,552
	Landstar System Inc.	265	11,154
	Leggett & Platt Inc.	437	8,491
	Legrand SA.	38	1,403
	Leighton Holdings Ltd.	52	3,013
	Lincoln Electric Holdings Inc.	201	14,522
	Littelfuse Inc.	111	3,533
	Mabuchi Motor Co Ltd.	22	1,480
	Macquarie Airports.	648	2,644
	Makino Milling Machine Co Ltd.	97	1,004
	Makita Corp.	57	2,722
	MAN AG.	18	3,216
	Manitowoc Co Inc/The.	248	12,216
	Martin Marietta Materials Inc.	73	9,443
	Maruichi Steel Tube Ltd.	49	1,385
	Masco Corp.	144	3,468
	Matsushita Electric Works Ltd.	144	1,586
	Matthews International Corp.	152	6,927
	McDermott International Inc. (b)	405	24,729
	Meggitt PLC.	209	1,483
	Methode Electronics Inc.	254	3,185
	Metso Oyj.	23	1,398
	Mettler Toledo International I.	76	8,083
	Mine Safety Appliances Co.	112	5,128
	Minebea Co Ltd.	240	1,654
	MISUMI Group Inc.	76	1,277
	Mitsubishi Electric Corp.	857	10,369
	Mitsubishi Heavy Industries Lt.	1,340	7,712
	Mitsui Engineering & Shipbuild.	309	1,794
	Mitsui OSK Lines Ltd.	477	7,789
	Mitsumi Electric Co Ltd.	33	1,502
	Mori Seiki Co Ltd.	40	1,000
	Molex Inc.	176	4,805
	Monadelphous Group Ltd.	93	1,459
	Moog Inc. (b)	189	8,722
	MTR Corp.	520	1,791
	MTU Aero Engines Holding AG.	19	1,161
	Mueller Industries Inc.	254	9,134
	Mueller Water Products Inc.	421	4,454
	Multiplex Group.	334	1,565
	Murata Manufacturing Co Ltd.	89	5,361
	Nabtesco Corp.	87	1,470
	Nachi-Fujikoshi Corp.	259	1,271
	Nagoya Railroad Co Ltd.	446	1,310
	Nankai Electric Railway Co Ltd.	440	1,209
	National Express Group PLC.	56	1,535
	National Instruments Corp.	288	9,343
	NCI Building Systems Inc.	101	3,957
	NEC Corp.	809	3,997
	Neptune Orient Lines Ltd.	352	1,241
	Newport Corp. (b)	178	2,433
	Nexans SA.	7	1,189
	NGK Insulators Ltd.	117	4,107
	Nichias Corp.	130	981
	Nichicon Corp.	84	997
	Nidec Corp.	48	3,599
	Nikon Corp.	139	4,397
	Nippon Chemi-Con Corp.	123	964
	Nippon Electric Glass Co Ltd.	147	2,483
	Nippon Express Co Ltd.	379	1,892
	Nippon Sheet Glass Co Ltd.	266	1,609
	Nippon Yusen KK.	488	4,991
	Nishi-Nippon Railroad Co Ltd.	361	1,311
	NKT Holding A/S.	12	1,308
	Nordson Corp.	148	7,918
	Norfolk Southern Corp.	142	7,334
	Norsk Hydro ASA.	135	1,982
	Northrop Grumman Corp.	102	8,529
	NSK Ltd.	193	1,691

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	NTN Corp.	177	1,677
	Obayashi Corp.	287	1,438
	Odakyu Electric Railway Co Ltd.	247	1,723
	OKUMA Corp.	80	1,107
	Old Dominion Freight Line Inc.	165	3,727
	Olympus Corp.	99	4,076
	Omron Corp.	94	2,285
	Orbotech Ltd. (b)	223	4,616
	Orient Overseas International.	109	1,117
	OSG Corp.	93	1,169
	Owens-Illinois Inc.	344	15,280
	Pacer International Inc.	256	3,773
	Pacific Basin Shipping Ltd.	885	1,955
	Packaging Corp of America.	214	6,814
	Pall Corp.	292	11,700
	Panalpina Welttransport Holdin.	7	1,319
	Park Electrochemical Corp.	93	2,913
	Parker Hannifin Corp.	375	30,139
	Pentair Inc.	243	8,600
	Royal Philips.	213	8,808
	Power-One Inc.	726	4,116
	Precision Castparts Corp.	67	10,037
	Regal-Beloit Corp.	161	7,895
	Republic Services Inc.	423	14,462
	Rexam PLC.	128	1,444
	Rheinmetall AG.	15	1,327
	Rieter Holding AG.	2	1,159
	Rinnai Corp.	44	1,361
	Rockwell Automation Inc/DE.	74	5,097
	Rockwell Collins Inc.	296	22,144
	Rolls-Royce Group PLC.	336	3,759
	Roper Industries Inc.	156	11,046
	Ryder System Inc.	152	7,273
	Sacyr Vallehermoso SA.	28	1,316
	Safran SA.	52	1,319
	Sagami Railway Co Ltd.	399	1,401
	Saia Inc.	113	1,592
	Sankyu Inc.	262	1,478
	Sanmina-SCI Corp.	1,593	3,521
	Sanwa Holdings Corp.	221	1,161
	Sanyo Electric Co Ltd.	845	1,392
	Schindler Holding AG.	20	1,398
	Schneider Electric SA.	45	6,195
	Seino Holdings Corp.	135	1,150
	SembCorp Industries Ltd.	348	1,419
	SembCorp Marine Ltd.	487	1,495
	Sharp Corp.	435	6,805
	Shima Seiki Manufacturing Ltd.	30	1,534
	Shimizu Corp.	290	1,506
	Siemens AG.	157	21,461
	SIG Plc.	49	1,080
	Sims Group Ltd.	57	1,495
	Singapore Post Ltd.	1,598	1,348
	ST Engineering.	537	1,410
	Skanska AB.	74	1,462
	SMC Corp/Japan.	25	3,333
	Snap-On Inc.	288	14,374
	SNC-Lavalin Group Inc.	36	1,864
	Sonoco Products Co.	237	7,328
	Spirit Aerosystems Holdings In.	480	16,666
	Stanley Electric Co Ltd.	73	1,610
	Stanley Works/The.	195	11,222
	Star Micronics Co Ltd.	44	1,373
	Stericycle Inc.	173	10,091
	STX Pan Ocean Co Ltd.	845	2,149
	Sulzer AG.	1	1,604
	Sumitomo Electric Industries L.	302	4,850
	Sumitomo Heavy Industries Ltd.	240	3,133
	Tadano Ltd.	91	1,134
	Taiheiyo Cement Corp.	379	1,183

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Taisei Corp.	426	1,274
	Taiyo Yuden Co Ltd.	60	984
	Techtronic Industries Co.	1,101	1,181
	Teekay Corp.	108	6,043
	Tektronix Inc.	184	6,964
	Teledyne Technologies Inc.	163	8,527
	Teleflex Inc.	186	13,617
	Tenaris SA.	87	2,321
	Terex Corp. (b)	184	13,656
	Tetra Tech Inc.	387	9,036
	Texas Industries Inc.	132	9,644
	Textron Inc.	90	6,229
	Thales SA.	23	1,433
	Furukawa Electric Co Ltd.	282	1,344
	THK Co Ltd.	55	1,204
	Thomas & Betts Corp. (b)	121	6,777
	Timken Co.	182	6,053
	Titan Cement Co SA.	25	1,219
	TNT NV.	72	2,945
	Tobu Railway Co Ltd.	342	1,607
	Toda Corp.	240	1,250
	Toho Zinc Co Ltd.	136	1,218
	Tokyo Seimitsu Co Ltd.	39	911
	Tokyu Corp.	421	2,718
	Toll Holdings Ltd.	238	2,951
	Tomkins Plc.	272	1,254
	Toshiba Corp.	1,284	10,739
	Toyo Seikan Kaisha Ltd.	77	1,385
	Toyota Industries Corp.	89	3,780
	Transfield Services Ltd.	135	1,972
	Transpacific Industries Group.	114	1,184
	Transport International Holdin.	243	1,232
	Travis Perkins PLC.	34	1,029
	Tredegar Corp.	191	3,327
	Trimble Navigation Ltd.	581	24,228
	Trinity Industries Inc.	161	5,819
	Tsubakimoto Chain Co.	180	1,233
	Tyco International Ltd.	158	6,505
	Ulvac Inc.	32	1,243
	Union Pacific Corp.	92	11,780
	United Group Ltd.	82	1,627
	United Technologies Corp.	331	25,351
	URS Corp. (b)	266	16,441
	Ushio Inc.	69	1,411
	UTi Worldwide Inc.	167	4,260
	Vallourec.	10	2,898
	Varian Inc.	148	10,936
	Venture Corp Ltd.	130	1,249
	Vestas Wind Systems A/S. (b)	34	3,033
	Vishay Intertechnology Inc.	408	5,137
	Wabtec Corp.	242	9,082
	Wartsila Oyj.	19	1,552
	Washington Group International. (b)	141	13,726
	Waste Connections Inc.	343	11,597
	Waste Management Inc.	186	6,769
	Waters Corp.	176	13,548
	Weir Group Plc (The).	87	1,605
	Werner Enterprises Inc.	397	7,551
	Wesfarmers Ltd.	155	6,344
	Wienerberger AG.	19	1,183
	WorleyParsons Ltd.	78	3,487
	Worthington Industries Inc.	472	11,800
	Yamatake Corp.	43	1,338
	Yamato Holdings Co Ltd.	178	2,609
	Yaskawa Electric Corp.	107	1,425
	YIT OYJ.	41	1,262
	Yokogawa Electric Corp.	96	1,201
	YRC Worldwide Inc. (b)	381	9,365
	Zardoya Otis SA.	42	1,417
	Zebra Technologies Corp.	139	5,434
	Zodiac SA.	18	1,246
			2,426,890

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	TECHNOLOGY (7.2%)
	ACI Worldwide Inc.	440	10,063
	Actel Corp.	249	2,836
	Activision Inc.	561	13,268
	Adobe Systems Inc. (b)	300	14,370
	Automatic Data Processing Inc.	283	14,025
	Advanced Micro Devices Inc. (b)	1,050	13,734
	Advent Software Inc.	94	5,201
	Affiliated Computer Services I.	188	9,524
	Agilysys Inc.	207	3,581
	Altera Corp.	726	14,244
	Amkor Technology Inc.	692	7,840
	Analog Devices Inc.	170	5,688
	Ansys Inc.	344	13,351
	Apple Inc. (b)	446	84,718
	Applied Materials Inc.	717	13,924
	ARM Holdings Plc.	435	1,343
	ASM Pacific Technology.	142	1,107
	ASML Holding NV.	76	2,646
	Asyst Technologies Inc.	468	2,246
	ATMI Inc.	173	5,560
	Atos Origin SA. (b)	22	1,337
	Autodesk Inc. (b)	462	22,592
	Autonomy Corp PLC.	77	1,573
	Avid Technology Inc.	206	6,054
	Axcelis Technologies Inc.	687	3,222
	BEA Systems Inc.	915	15,464
	BMC Software Inc.	400	13,536
	Borland Software Corp.	500	2,190
	Broadcom Corp.	243	7,910
	Brocade Communications Systems.	3,817	36,300
	Brooks Automation Inc.	674	8,749
	Business Objects SA. (b)	29	1,742
	CA Inc.	227	6,004
	Cabot Microelectronics Corp.	120	4,762
	CACI International Inc.	154	8,293
	Canon Inc.	496	24,719
	Cap Gemini SA.	27	1,721
	Cerner Corp.	124	7,385
	CGI Group Inc.	128	1,458
	Ciber Inc.	335	2,610
	Citrix Systems Inc.	324	13,929
	Cognizant Technology Solutions.	512	21,228
	Cognos Inc.	33	1,666
	Computer Sciences Corp. (b)	409	23,882
	Computershare Ltd.	199	1,585
	Compuware Corp.	769	7,690
	Conexant Systems Inc.	3,258	4,170
	CSG Systems International Inc.	302	6,200
	CSK Holdings Corp.	41	1,596
	Dassault Systemes SA.	22	1,377
	Dell Inc.	1,023	31,304
	DSP Group Inc.	218	3,442
	DST Systems Inc.	103	8,725
	Dun & Bradstreet Corp.	104	10,072
	Electronic Arts Inc.	157	9,596
	Electronics for Imaging.	383	8,732
	EMC Corp/Massachusetts. (b)	1,080	27,421
	Emulex Corp.	598	12,953
	Entegris Inc.	888	8,107
	Factset Research Systems Inc.	88	6,206
	Fidelity National Information.	333	15,358
	Fiserv Inc.	290	16,066
	Formfactor Inc.	219	8,565
	Fujitsu Ltd.	825	6,436
	Global Payments Inc.	159	7,562
	Hewlett-Packard Co.	1,371	70,853

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Hutchinson Technology Inc.	178	4,224
	IBM.	438	50,861
	IKON Office Solutions Inc.	737	9,728
	Imation Corp.	243	5,414
	Indra Sistemas SA.	50	1,451
	Infineon Technologies AG. (b)	139	2,039
	Informatica Corp.	383	6,542
	Intel Corp.	3,010	80,969
	Intersil Corp.	318	9,648
	International Rectifier Corp.	141	4,707
	Intuit Inc.	543	17,468
	Itochu Techno-Solutions Corp.	36	1,276
	Jack Henry & Associates Inc.	586	17,123
	KLA-Tencor Corp.	97	5,107
	Konami Corp.	58	1,704
	Kulicke & Soffa Industries Inc. (b)	388	2,937
	Lam Research Corp.	211	10,592
	Lattice Semiconductor Corp.	1,031	4,310
	Lenovo Group Ltd.	1,955	2,202
	Linear Technology Corp.	133	4,392
	LogicaCMG PLC.	416	1,408
	Logitech International SA. (b)	48	1,668
	Marvell Technology Group Ltd.	232	4,183
	Mastercard Inc.	117	22,177
	Maxim Integrated Products Inc.	163	4,417
	MEMC Electronic Materials Inc.	118	8,640
	Micrel Inc.	435	3,937
	Micros Systems Inc.	195	14,005
	Microsemi Corp. (b)	325	8,648
	Microsoft Corp.	4,291	157,952
	Misys PLC.	268	1,347
	National Semiconductor Corp.	433	10,886
	NAVTEQ Corp.	191	14,745
	NCR Corp.	358	9,877
	Neopost SA.	9	1,045
	Network Appliance Inc.	199	6,267
	Nomura Research Institute Ltd.	64	2,247
	Novell Inc.	797	6,025
	Novellus Systems Inc.	243	6,904
	Nvidia Corp.	260	9,199
	Obic Co Ltd.	7	1,400
	OC Oerlikon Corp AG.	3	1,424
	ON Semiconductor Corp.	588	5,998
	Oracle Corp Japan.	29	1,327
	Oracle Corp.	2,034	45,094
	Otsuka Corp.	14	1,336
	Palm Inc.	727	6,558
	Parametric Technology Corp.	774	14,783
	Paychex Inc.	171	7,144
	Perot Systems Corp.	586	8,556
	Photronics Inc.	264	2,888
	Pitney Bowes Inc.	80	3,203
	PMC - Sierra Inc.	1,430	12,884
	QLogic Corp.	379	5,886
	Quantum Corp.	1,587	6,348
	Rambus Inc.	235	4,651
	Red Hat Inc.	391	8,442
	Research In Motion Ltd.	87	10,843
	Ricoh Co Ltd.	293	5,727
	Rohm Co Ltd.	43	3,746
	Sage Group PLC.	279	1,404
	Salesforce.com Inc.	192	10,823
	SanDisk Corp.	111	4,928
	SAP AG.	166	9,021
	SEI Investments Co.	295	9,328
	Seiko Epson Corp.	65	1,518
	Semiconductor Manufacturing In.	10,078	1,144
	Semtech Corp.	433	7,409
	Shinko Electric Industries Co.	53	1,206
	Silicon Laboratories Inc.	266	11,624

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Silicon Storage Technology Inc.	875	2,905
	Skyworks Solutions Inc. (b)	1,073	9,893
	Square Enix Co Ltd.	45	1,474
	SRA International Inc.	209	5,739
	STMicroelectronics NV.	123	2,100
	Sun Microsystems Inc.	1,391	7,943
	Sybase Inc.	622	17,789
	Synopsys Inc.	341	9,637
	Take-Two Interactive Software.	364	6,836
	TDK Corp.	53	4,314
	Teradyne Inc.	466	5,750
	Teradata Corp.	708	20,199
	Tessera Technologies Inc.	223	8,516
	Texas Instruments Inc.	744	24,254
	THQ Inc.	325	8,804
	Tokyo Electron Ltd.	66	3,838
	TomTom NV.	20	1,595
	Trident Microsystems Inc.	284	2,139
	TriQuint Semiconductor Inc.	939	5,888
	Unisys Corp. (b)	838	5,095
	Varian Semiconductor Equipment.	333	15,325
	VeriFone Holdings Inc.	138	6,821
	Western Digital Corp.	559	14,489
	Wincor Nixdorf AG.	15	1,489
	Wind River Systems Inc.	618	7,731
	Xerox Corp.	503	8,772
	Xilinx Inc.	755	18,422
			1,734,281

	UTILITIES (3.8%)
	AEM SpA.	391	1,645
	AES Corp/The. (b)	353	7,558
	AGL Energy Ltd.	172	1,931
	AGL Resources Inc.	530	20,951
	Algonquin Power Income Fund.	54	500
	Allegheny Energy Inc.	314	19,047
	Allete Inc.	175	7,646
	Alliant Energy Corp.	119	4,760
	Ameren Corp.	489	26,435
	American Electric Power Co Inc.	155	7,473
	Aqua America Inc.	311	7,234
	Aquila Inc. (b)	2,862	11,963
	Atmos Energy Corp.	606	16,998
	Avista Corp.	361	7,960
	Babcock & Brown Infrastructure.	910	1,386
	Black Hills Corp.	247	10,972
	British Energy Group PLC.	190	2,106
	Canadian Utilities Ltd.	29	1,669
	Centerpoint Energy Inc.	690	11,564
	Centrica PLC.	683	5,238
	China Resources Power Holdings.	506	1,871
	Chubu Electric Power Co Inc.	295	7,530
	Chugoku Electric Power Co Inc/.	117	2,297
	Cleco Corp.	399	10,514
	CLP Holdings Ltd.	650	4,370
	CMS Energy Corp.	516	8,757
	Consolidated Edison Inc.	81	3,814
	Contact Energy Ltd.	184	1,286
	Dominion Resources Inc/VA.	85	7,789
	DPL Inc.	264	7,667
	DTE Energy Co.	423	20,981
	Duke Energy Corp.	401	7,687
	Dynegy Inc. (b)	996	9,173
	E.ON AG.	129	25,234
	Edison International.	93	5,402
	El Paso Electric Co.	309	7,524
	Electric Power Development Co.	66	2,614
	Energias de Portugal SA.	421	2,707
	Electricite de France.	43	5,156
	Enagas.	55	1,561

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

		Shares or
Security Description		Principal Amount	Value ($)
	Endesa SA.	87	4,531
	Enel SpA.	780	9,337
	Energy East Corp.	375	10,455
	Entergy Corp.	70	8,391
	Exelon Corp.	241	19,950
	FirstEnergy Corp.	96	6,691
	Fortis Inc.	53	1,584
	Fortum Oyj.	82	3,555
	FPL Group Inc.	119	8,142
	Gas Natural SDG SA.	23	1,414
	Gaz de France SA.	36	2,044
	Great Plains Energy Inc.	202	6,028
	Hawaiian Electric Industries I.	550	12,760
	Hokkaido Electric Power Co Inc.	80	1,720
	Hokuriku Electric Power Co.	82	1,713
	Hong Kong & China Gas Co.	1,448	3,877
	HongKong Electric Holdings.	522	2,674
	Iberdrola SA.	708	11,392
	Idacorp Inc.	293	10,223
	Integrys Energy Group Inc.	159	8,556
	International Power PLC.	279	2,837
	Kansai Electric Power Co Inc/T.	338	7,588
	Kyushu Electric Power Co Inc.	180	4,376
	MDU Resources Group Inc.	398	11,208
	National Grid PLC.	502	8,368
	Nicor Inc.	105	4,543
	NiSource Inc.	642	13,129
	Northeast Utilities.	364	11,222
	Northumbrian Water Group PLC.	212	1,448
	Northwest Natural Gas Co.	188	9,056
	NorthWestern Corp.	277	7,640
	NRG Energy Inc.	471	21,506
	NSTAR.	255	8,966
	Verbund.	27	1,784
	OGE Energy Corp.	216	8,273
	Osaka Gas Co Ltd.	845	3,274
	Pennon Group PLC.	105	1,369
	Pepco Holdings Inc.	489	13,932
	PG&E Corp.	132	6,459
	Piedmont Natural Gas Co.	477	12,178
	Pinnacle West Capital Corp.	235	9,494
	PNM Resources Inc.	467	11,680
	PPL Corp.	123	6,359
	Progress Energy Inc.	102	4,896
	Public Power Corp SA.	43	1,743
	Public Service Enterprise Grou.	90	8,604
	Puget Energy Inc.	280	7,910
	Red Electrica de Espana.	29	1,628
	Reliant Energy Inc.	804	22,126
	RWE AG.	101	13,551
	SCANA Corp.	249	10,107
	Scottish & Southern Energy PLC.	160	5,178
	Sempra Energy.	89	5,474
	Severn Trent PLC.	50	1,508
	Shikoku Electric Power Co Inc.	96	2,405
	Sierra Pacific Resources.	532	8,975
	Snam Rete Gas SpA.	236	1,526
	Southern Co.	241	8,835
	Southwest Gas Corp.	283	8,422
	Suez SA.	215	13,981
	TECO Energy Inc.	493	8,297
	Terna Rete Elettrica Nazionale.	382	1,495
	Toho Gas Co Ltd.	283	1,459
	Tohoku Electric Power Co Inc.	200	4,212
	Tokyo Electric Power Co Inc/Th.	539	13,641
	Tokyo Gas Co Ltd.	954	4,225
	TransAlta Corp.	46	1,655
	UGI Corp.	716	19,060
	Union Fenosa SA.	24	1,596
	Unisource Energy Corp.	234	7,422

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
United Utilities PLC.	164	2,488
Vectren Corp.	522	14,637
Veolia Environnement.	73	6,518
Westar Energy Inc.	662	17,622
WGL Holdings Inc.	339	11,499
Wisconsin Energy Corp.	276	13,215
Xcel Energy Inc.	966	21,783
		918,384

Total Common Stock (Cost $ 17,164,892)		18,900,599

CORPORATE BONDS (1.5%)
BASIC MATERIALS (0.03%)
E.I. Du Pont De Nemours, 4.88%, 4/30/2014	3,000	2,916
Weyerhaeuser Co., 6.95%, 8/1/2017	4,000	4,147
		7,063

COMMUNICATIONS (0.2%)
Comcast Corp., 6.50%, 11/15/2035	13,000	13,188
Sprint Capital Corp., 8.38%, 3/15/2012	7,000	7,645
Verizon Communications, 7.25%, 12/1/2010	15,000	16,003
		36,836

CONSUMER GOODS (0.2%)
Anheuser-Busch Cos Inc., 5.05%, 10/15/2016	4,000	3,882
Bottling Group Llc., 4.63%, 11/15/2012	2,000	1,969
Coca-Cola Enterprises., 8.50%, 2/1/2022	4,000	5,041
Conagra Foods Inc., 6.75%, 9/15/2011	4,000	4,200
Kimberly-Clark Corp., 5.00%, 8/15/2013	7,000	6,929
Kohls Corporation., 6.00%, 1/15/2033	8,000	7,232
Macys Retail Hldgs Inc., 5.75%, 7/15/2014	4,000	3,870
Procter & Gamble Co., 4.95%, 8/15/2014	5,000	4,959
Target Corp., 5.88%, 3/1/2012	4,000	4,120
Wal-Mart Stores., 4.55%, 5/1/2013	8,000	7,812
		50,015

ENERGY (0.02%)
Kinder Morgan Energy Partners, 7.75%, 3/15/2032	4,000	4,464
		4,464

FINANCIAL (0.6%)
Allstate Corp., 7.20%, 12/1/2009	4,000	4,178
American General Finance., 5.38%, 10/1/2012	13,000	12,867
Citigroup Inc., 6.63%, 1/15/2028	14,000	14,671
Conocophillips Canada., 5.63%, 10/15/2016	14,000	14,250
Countrywide Finl Corp., 6.25%, 5/15/2016	16,000	12,735
Credit Suisse USA Inc., 6.13%, 11/15/2011	13,000	13,442
Wachovia Bank NA., 7.80%, 8/18/2010	7,000	7,502
John Hancock Glob Fdg Ii., 7.90%, 7/2/2010	5,000	5,362
JPMC Capital XVIII., 6.95%, 8/17/2036	15,000	14,799
Lehman Brothers Holdings., 6.63%, 1/18/2012	4,000	4,127
Morgan Stanley., 6.75%, 4/15/2011	9,000	9,405
National Rural Utilities., 7.25%, 3/1/2012	7,000	7,503
Prudential Financial Inc., 5.10%, 9/20/2014	4,000	3,863
US Bank NA., 6.38%, 8/1/2011	4,000	4,168
Wells Fargo & Co., 4.63%, 8/9/2010	8,000	7,923
		136,797

HEALTH CARE (0.02%)
Wyeth., 5.50%, 2/1/2014	5,000	5,014
		5,014

INDUSTRIAL (0.3%)
Boeing Co., 6.13%, 2/15/2033	4,000	4,133
Burlington North Santa Fe, 7.00%, 12/15/2025	4,000	4,322
General Electric Company., 5.00%, 2/1/2013	20,000	19,841
Norfolk Southern Corp., 6.20%, 4/15/2009	42,000	42,612
Union Pacific Corp., 4.88%, 1/15/2015	9,000	8,598
		79,506

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
TECHNOLOGY (0.02%)
IBM Corp., 8.38%, 11/1/2019	4,000	4,928
		4,928

UTILITIES (0.1%)
Duke Energy Carolinas., 6.25%, 1/15/2012	4,000	4,156
Exelon Corporation., 4.90%, 6/15/2015	4,000	3,753
Florida Power & Light., 5.95%, 10/1/2033	20,000	19,978
Southern Power Co., 4.88%, 7/15/2015	4,000	3,804
		31,690

Total Corporate Bonds (Cost $ 361,412)		356,313

U.S. Government Agency Pass-Through Securities (1.6%)
FREDDIE MAC (0.4%)
4.00%, 6/1/2018, Pool #E01401	8,010	7,598
4.50%, 1/1/2019, Pool #B11878	12,426	12,050
5.50%, 11/1/2035, Pool #A47728	15,058	14,841
6.00%, 7/1/2034, Pool #A24370	7,938	8,007
5.00%, 8/1/2033, Pool #A12886	6,991	6,728
5.50%, 8/1/2033, Pool #A11851	9,639	9,517
5.50%, 10/1/2034, Pool #A27526	8,631	8,520
5.50%, 10/1/2035, Pool #A39170	15,459	15,236
6.50%, 12/1/2033, Pool #A16523	9,563	9,840
		92,336

FANNIE MAE (1.1%)
4.50%, 1/1/2019, Pool #735057	4,803	4,659
4.50%, 9/1/2020, Pool #839289	5,000	4,838
5.00%, 1/1/2019, Pool #255077	8,590	8,486
5.00%, 5/1/2018, Pool #703444	6,292	6,195
5.00%, 6/1/2020, Pool #839333	11,870	11,686
5.00%, 7/1/2034, Pool #255268	4,225	4,065
5.00%, 8/1/2033, Pool #713679	56,062	53,809
5.00%, 12/1/2019, Pool #745369	3,002	2,965
5.50%, 3/1/2020, Pool #735405	5,689	5,699
5.50%, 8/1/2017, Pool #826283	2,754	2,771
5.50%, 12/1/2020, Pool #850811	33,503	33,561
6.00%, 4/1/2035, Pool #735503	4,285	4,332
6.00%, 6/1/2017, Pool #555004	4,496	4,581
6.00%, 9/1/2033, Pool #736937	4,073	4,103
6.00%, 10/1/2032, Pool #667994	11,058	11,190
5.50%, 4/1/2034, Pool #725424	22,663	22,333
5.50%, 9/1/2033, Pool #254869	37,383	36,943
5.00%, 5/1/2034, Pool #768230	7,325	7,031
7.00%, 4/1/2034, Pool #780703	6,300	6,563
5.00%, 12/1/2026, Pool #256570	16,872	16,367
4.41%, 10/1/2035, Pool #836206	12,736	12,611
		264,789

GNMA (0.1%)
6.00%, 9/20/2034, Pool #G23611	4,173	4,220
5.50%, 4/15/2033, Pool #603566	3,759	3,740
5.50%, 4/15/2034, Pool #626116	2,512	2,499
6.00%, 2/15/2032, Pool #569704	18,548	18,825
		29,284

Total U.S. Government Agency Pass-Through Securities (Cost $ 385,487)		386,409

U.S. Government Agency Securities (0.3%)
FANNIE MAE (0.1%)
4.50%, 10/15/2008	10,000	10,031
6.63%, 9/15/2009	10,000	10,406
		20,437

FREDDIE MAC (0.2%)
4.75%, 1/19/2016	20,000	19,874
4.63%, 12/19/2008	10,000	10,018
4.75%, 1/18/2011	10,000	10,095
Grand Total		39,987

NestEgg Dow Jones Target Date Funds
NestEgg Dow Jones 2040 Target Date Fund
Schedule of Portfolio Investments

	Shares or
Security Description	Principal Amount	Value ($)
FEDERAL HOME LOAN BANK (0.04%)
4.63%, 11/21/2008	10,000	10,016
		10,016

Total U.S. Government Agency Securities (Cost $ 69,738)		70,439

U.S. Treasury Obligations (1.1%)
U.S. TREASURY BONDS (0.2%)
5.25%, 11/15/2028	28,000	29,702
6.00%, 2/15/2026	25,000	28,625
		58,327

U.S. TREASURY NOTES (0.9%)
5.63%, 5/15/2008	1,000	1,008
4.00%, 4/15/2010	34,000	34,053
4.00%, 6/15/2009	111,000	111,078
4.25%, 8/15/2015	40,000	39,700
4.88%, 2/15/2012	16,000	16,503
		202,341

Total U.S. Treasury Obligations (Cost $ 256,932)		260,668

Foreign Government Agency Securities (1.4%)
BELGIUM (0.1%)
Belgian Government Bond, 5.50%, 9/28/2017	9,000	14,196
		14,196

SPAIN (0.1%)
Bonos Y Obligación Del Estado 5.50%, 7/30/2017	11,000	17,349
		17,349

GERMANY (0.2%)
Bundesobligation, 4.00%, 4/13/2012	33,000	47,507
		47,507

ITALY (0.2%)
Buoni Poliennali Del Tesoro, 5.25%, 8/01/2017	28,000	43,016
		43,016

FRANCE (0.1%)
France O.A.T 3.75%, 4/25/2017	27,000	37,367
		37,367

JAPAN (0.5%)
Japan Government Bond, 1.50%, 6/20/2012	15,900,000	140,506
		140,506

NETHERLANDS (0.1%)
Netherlands Government Bond, 4.00%, 7/15/2016	11,000	15,591
		15,591

UNITED KINGDOM (0.1%)
United Kingdom Treasury Bond, 4.00%, 9/07/2016	13,000	25,255
		25,255

Total Foreign Government Agency Securities (Cost $ 322,773)		340,786

Investment Companies (15.2%)
American Beacon Money Market Fund	954,687	954,687
BLDRS Emerging Markets 50 ADR Equity Fund	8,304	497,991
Dreyfus Cash Mgmt Plus	182,254	182,254
IShares MSCI Emerging Markets Equity Fund	9,391	1,568,391
Vanguard Emerging Markets Equity Fund	4,029	470,668
		3,673,990

Total Investment Companies (Cost $ 3,107,265)		3,673,990


Total Investments (Cost $ 21,668,499) (a) – 99.2%		23,989,205

Other assets in excess of liabilities – 0.8%		198,791

NET ASSETS – 100.00%		$24,187,996

(a)	See notes to financial statements for tax unrealized appreciation/(depreciation) of securities
(b)	Non-income producing security.
^†	Represents a restricted security purchase under Rule 144A which is exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid by procedures approved by the Board of Trustees.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

The Board of Trustees has not adopted procedures by which shareholders may recommend nominees to the Board.

Item 11. Controls and Procedures.

(a) The Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) were effective as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"), based on their evaluation of the effectiveness of the Registrant's disclosure controls and procedures as of the Evaluation Date.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940 (17 CFR 270.30a-3(d)) that occurred during the Registrant’s most recent 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.

Item 12. Exhibits.

(a)(1) Code of Ethics in Item 2 is attached hereto as an Exhibit.

(a)(2) Certification of principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is attached hereto as Exhibit 99CERT.

(a)(3) Not applicable.

(b) Certification of principal executive officer and principal financial officer of the Registrant, as required by Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)), Rule 15d-14(b) under the Securities Exchange Act of 1934 (17 CFR 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) is attached hereto as Exhibit 99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	American Independence Funds Trust

By (Signature and Title)	/s/ Eric M. Rubin
	Eric M. Rubin, President

Date	1/08/2008

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

By (Signature and Title)	/s/ Eric M. Rubin
	Eric M. Rubin, President

Date	1/08/2008

By (Signature and Title)	/s/ Susan L. Silva
	Susan L. Silva, Treasurer

Date	1/08/2008