UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number

811-07572

Principal Funds, Inc.

(Exact name of registrant as specified in charter)

650 8^th Street, Des Moines, IA 50309
(Address of principal executive offices)

Principal Management Corporation, 650 8^th Street, Des Moines, IA 50309 (Name and address of agent for service)

Registrant’s telephone number, including area code:		515-247-6783
Date of fiscal year end:	August 31, 2013
Date of reporting period:	May 31, 2013

ITEM 1 – SCHEDULE OF INVESTMENTS

Schedule of Investments
Blue Chip Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 91.65%	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Agriculture - 1.68%					Holding Companies - Diversified - 1.44%
Philip Morris International Inc	2,746	$	250		Leucadia National Corp	6,828	$		214
Banks - 4.53%					Insurance - 9.69%
US Bancorp/MN	4,391		154		Aon PLC	1,980			126
Wells Fargo & Co	12,815		520		Berkshire Hathaway Inc - Class B (a)	5,403			616
		$	674		Brown & Brown Inc	2,058			66
					Loews Corp	6,361			292
Beverages - 7.40%					Markel Corp (a)	501			262
Anheuser-Busch InBev NV ADR	2,772		255		Progressive Corp/The	3,146			80
Coca-Cola Co/The	4,603		184				$		1,442
Diageo PLC ADR	1,873		221
PepsiCo Inc	1,759		142		Internet - 5.16%
Pernod-Ricard SA ADR	9,153		219		Google Inc (a)	610			531
SABMiller PLC ADR	1,590		81		Liberty Interactive Corp (a)	6,027			135
		$	1,102		Liberty Ventures (a)	330			27
					VeriSign Inc (a)	1,588			75
Building Materials - 0.64%							$		768
Martin Marietta Materials Inc	872		95
					Lodging - 0.83%
Chemicals - 2.65%					Wynn Resorts Ltd	904			123
Airgas Inc	731		75
Praxair Inc	2,796		320		Media - 0.55%
		$	395		Discovery Communications Inc - C Shares (a)	1,169			82
Commercial Services - 3.88%
ADT Corp/The	2,064		84		Oil & Gas - 2.55%
Mastercard Inc	598		341		EOG Resources Inc	430			56
Moody's Corp	2,311		153		Exxon Mobil Corp	2,829			256
		$	578		Hess Corp	1,001			67
							$		379
Computers - 3.40%
Apple Inc	565		254		Pharmaceuticals - 1.28%
International Business Machines Corp	1,210		252		Johnson & Johnson	2,270			191
		$	506
Cosmetics & Personal Care - 0.31%					Pipelines - 3.08%
Colgate-Palmolive Co	795		46		Kinder Morgan Inc/DE	8,305			315
					Kinder Morgan Inc/DE - Warrants (a)	1,800			10
					Williams Cos Inc/The	3,769			133
Distribution & Wholesale - 1.44%							$		458
Fastenal Co	1,881		98
WW Grainger Inc	454		117		Real Estate - 3.94%
		$	215		Brookfield Asset Management Inc	13,407			471
					Brookfield Property Partners LP	611			13
Diversified Financial Services - 7.26%					CBRE Group Inc (a)	4,384			102
American Express Co	3,329		252				$		586
BlackRock Inc	1,060		296
Charles Schwab Corp/The	8,254		164		Retail - 11.26%
LPL Financial Holdings Inc	1,851		69		AutoZone Inc (a)	329			134
Visa Inc	1,681		299		Burger King Worldwide Inc	4,692			87
		$	1,080		CarMax Inc (a)	3,598			168
					McDonald's Corp	4,835			467
Electronics - 1.52%					O'Reilly Automotive Inc (a)	944			103
Gentex Corp/MI	3,946		90		Starbucks Corp	6,818			430
Sensata Technologies Holding NV (a)	2,117		75
					TJX Cos Inc	967			49
Tyco International Ltd	1,804		61		Wal-Mart Stores Inc	2,393			179
		$	226		Yum! Brands Inc	854			58
Food - 8.24%							$		1,675
Mondelez International Inc	4,634		137		Semiconductors - 0.47%
Nestle SA ADR	9,427		625		Microchip Technology Inc	1,907			70
Unilever NV - NY shares	11,381		464
		$	1,226
					Software - 5.23%
Healthcare - Products - 1.30%					Microsoft Corp	13,629			475
Becton Dickinson and Co	881		87		Oracle Corp	8,972			303
CR Bard Inc	401		41				$		778
IDEXX Laboratories Inc (a)	797		66
		$	194		Telecommunications - 0.74%
					Motorola Solutions Inc	1,891			110
Healthcare - Services - 0.65%
Laboratory Corp of America Holdings (a)	978		97

See accompanying notes.

1

Schedule of Investments Blue Chip Fund May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)
Transportation - 0.53%
Expeditors International of Washington Inc	2,038	$	79
TOTAL COMMON STOCKS		$	13,639
Total Investments		$	13,639
Other Assets in Excess of Liabilities, Net - 8.35%		$	1,242
TOTAL NET ASSETS - 100.00%		$	14,881
(a) Non-Income Producing Security
Portfolio Summary (unaudited)
Sector			Percent
Financial			25 .42	%
Consumer, Non-cyclical			24 .76	%
Consumer, Cyclical			13 .52	%
Technology			9.10	%
Communications			6.45	%
Energy			5.63	%
Industrial			2.68	%
Basic Materials			2.65	%
Diversified			1.44	%
Other Assets in Excess of Liabilities, Net			8.35	%
TOTAL NET ASSETS			100.00	%

See accompanying notes.

2

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
				Principal						Principal
	BONDS- 32.85	%	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value	(000	's)
	Advertising - 0.02%							Airlines (continued)
	Omnicom Group Inc							UAL 2009-2A Pass Through Trust
	4.45%, 8/15/2020		$	372	$	399		9.75%, 1/15/2017	$	528	$		615
											$		1,555
	Aerospace & Defense - 0.30%							Apparel - 0.03%
	Boeing Co/The							NIKE Inc
	3.75%, 11/20/2016			149		163		2.25%, 5/1/2023		300			288
	5.88%, 2/15/2040			446		562		3.63%, 5/1/2043		300			277
	7.95%, 8/15/2024			400		567					$		565
	Exelis Inc
	4.25%, 10/1/2016			372		396		Automobile Asset Backed Securities - 0.18%
	L-3 Communications Corp							Ally Auto Receivables Trust 2012-4
	4.95%, 2/15/2021			223		243		0.59%, 1/17/2017		500			500
	Lockheed Martin Corp							Ford Credit Auto Owner Trust
								1.35%, 12/15/2016(a)		371			375
	3.35%, 9/15/2021			298		305
	4.07%, 12/15/2042			140		128		Ford Credit Auto Owner Trust 2012-A
	Northrop Grumman Corp							1.15%, 6/15/2017		500			505
	3.50%, 3/15/2021			323		339		Ford Credit Auto Owner Trust 2012-B
	Raytheon Co							1.00%, 9/15/2017		500			503
	3.13%, 10/15/2020			223		230		Honda Auto Receivables 2012-4 Owner Trust
								0.52%, 8/18/2016(a)		550			550
	4.88%, 10/15/2040			446		478
	United Technologies Corp							Nissan Auto Receivables 2012-A Owner
	3.10%, 6/1/2022			200		204		Trust
	4.50%, 4/15/2020			216		245		1.00%, 7/16/2018		500			504
	4.50%, 6/1/2042			500		516		Santander Drive Auto Receivables Trust 2012-
	4.88%, 5/1/2015			500		541		4
	5.38%, 12/15/2017			298		347		1.04%, 8/15/2016		400			402
	5.70%, 4/15/2040			149		180					$		3,339
	6.13%, 7/15/2038			52		66		Automobile Manufacturers - 0.06%
					$	5,510		Daimler Finance North America LLC
	Agriculture - 0.34%							8.50%, 1/18/2031		298			450
	Altria Group Inc							Ford Motor Co
	4.13%, 9/11/2015			104		111		4.75%, 1/15/2043		200			186
	4.75%, 5/5/2021			372		412		7.45%, 7/16/2031		300			378
	9.25%, 8/6/2019			558		764					$		1,014
	9.70%, 11/10/2018			223		304		Automobile Parts & Equipment - 0.05%
	9.95%, 11/10/2038			220		345		Johnson Controls Inc
	10.20%, 2/6/2039			430		685		3.75%, 12/1/2021		223			232
	Archer-Daniels-Midland Co							5.00%, 3/30/2020		186			208
	4.48%, 3/1/2021(a)			372		413
								5.25%, 12/1/2041		372			399
	5.38%, 9/15/2035			149		167					$		839
	Bunge Ltd Finance Corp
	4.10%, 3/15/2016			223		237		Banks- 5.03%
	Lorillard Tobacco Co							American Express Centurion Bank
	8.13%, 6/23/2019			104		132		0.88%, 11/13/2015		300			301
	8.13%, 5/1/2040			75		96		Bank of America Corp
	Philip Morris International Inc							1.25%, 1/11/2016		200			200
	1.13%, 8/21/2017			200		197		1.50%, 10/9/2015		300			302
	2.50%, 5/16/2016			372		389		2.00%, 1/11/2018		400			396
	2.90%, 11/15/2021			149		150		3.30%, 1/11/2023		400			387
	4.38%, 11/15/2041			549		538		3.63%, 3/17/2016		520			549
	4.50%, 3/26/2020			379		430		3.70%, 9/1/2015		385			405
	5.65%, 5/16/2018			75		89		4.50%, 4/1/2015		485			513
	Reynolds American Inc							4.75%, 8/1/2015		75			81
	3.25%, 11/1/2022			500		486		5.42%, 3/15/2017		50			55
	7.63%, 6/1/2016			260		308		5.63%, 7/1/2020		520			601
					$	6,253		5.65%, 5/1/2018		745			853
								5.70%, 1/24/2022		520			597
	Airlines - 0.09%							5.88%, 2/7/2042		372			436
	American Airlines 2011-1 Class A Pass							6.00%, 9/1/2017		775			893
	Through Trust							6.50%, 8/1/2016		260			297
	5.25%, 7/31/2022(b)			451		491
								7.63%, 6/1/2019		300			378
	Continental Airlines 2010-1 Class A Pass							Bank of Montreal
	Through Trust							2.50%, 1/11/2017		672			697
	4.75%, 1/12/2021(b)			138		151
								Bank of New York Mellon Corp/The
	Delta Air Lines 2007-1 Class A Pass Through							0.70%, 10/23/2015		200			200
	Trust							1.20%, 2/20/2015		520			525
	6.82%, 2/10/2024			256		298		3.55%, 9/23/2021		149			158
								4.50%, 5/17/2049(a)		400			402

See accompanying notes.

3

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Banks (continued)						Banks (continued)
Bank of New York Mellon Corp/The						Export-Import Bank of Korea
(continued)						4.00%, 1/11/2017	$	400	$	427
5.50%, 12/1/2017	$	93	$	107		5.00%, 4/11/2022		400		442
Bank of Nova Scotia						5.88%, 1/14/2015		439		470
1.85%, 1/12/2015		149		152		Fifth Third Bancorp
2.90%, 3/29/2016		598		630		5.45%, 1/15/2017		149		166
3.40%, 1/22/2015		400		418		Goldman Sachs Group Inc/The
Barclays Bank PLC						1.60%, 11/23/2015		900		910
2.75%, 2/23/2015		372		383		3.63%, 2/7/2016		743		786
5.00%, 9/22/2016		160		179		5.25%, 7/27/2021		298		332
5.13%, 1/8/2020		500		571		5.38%, 3/15/2020		500		568
6.75%, 5/22/2019		300		370		5.50%, 11/15/2014		743		790
BB&T Corp						5.63%, 1/15/2017		818		909
1.60%, 8/15/2017		400		401		5.75%, 1/24/2022		372		426
3.95%, 4/29/2016		86		93		6.13%, 2/15/2033		538		615
5.20%, 12/23/2015		275		303		6.15%, 4/1/2018		929		1,080
6.85%, 4/30/2019		52		65		6.25%, 9/1/2017		400		465
BBVA US Senior SAU						6.25%, 2/1/2041		372		435
4.66%, 10/9/2015		300		312		6.45%, 5/1/2036		649		686
BNP Paribas SA						6.75%, 10/1/2037		557		607
3.25%, 3/11/2015		900		934		HSBC Bank USA NA
5.00%, 1/15/2021		223		246		4.88%, 8/24/2020		250		278
Canadian Imperial Bank of						HSBC Bank USA NA/New York NY
Commerce/Canada						5.88%, 11/1/2034		250		284
2.35%, 12/11/2015		349		362		HSBC Holdings PLC
Capital One Financial Corp						4.00%, 3/30/2022		372		394
2.15%, 3/23/2015		446		455		5.10%, 4/5/2021		372		424
5.50%, 6/1/2015		149		161		6.10%, 1/14/2042		446		553
6.75%, 9/15/2017		223		268		6.50%, 5/2/2036		60		72
China Development Bank Corp						6.50%, 9/15/2037		350		420
5.00%, 10/15/2015		100		108		HSBC USA Inc
Citigroup Inc						2.38%, 2/13/2015		372		382
2.65%, 3/2/2015		372		382		Intesa Sanpaolo SpA
3.95%, 6/15/2016		743		797		3.13%, 1/15/2016		400		398
4.05%, 7/30/2022		300		300		JP Morgan Chase & Co
4.45%, 1/10/2017		446		488		1.13%, 2/26/2016		300		300
4.50%, 1/14/2022		446		483		1.88%, 3/20/2015		500		509
4.59%, 12/15/2015		185		201		2.60%, 1/15/2016		743		769
5.00%, 9/15/2014		1,000		1,046		3.20%, 1/25/2023		500		488
5.88%, 1/30/2042		372		434		3.45%, 3/1/2016		223		236
6.00%, 10/31/2033		145		154		3.70%, 1/20/2015		595		622
6.01%, 1/15/2015		67		72		4.40%, 7/22/2020		468		514
6.13%, 11/21/2017		372		435		4.50%, 1/24/2022		743		805
6.13%, 5/15/2018		500		590		4.63%, 5/10/2021		743		818
6.13%, 8/25/2036		300		326		4.65%, 6/1/2014		966		1,005
6.38%, 8/12/2014		788		838		4.95%, 3/25/2020		168		189
6.63%, 6/15/2032		363		415		5.13%, 9/15/2014		260		274
6.88%, 3/5/2038		75		96		5.25%, 5/1/2015		257		277
8.13%, 7/15/2039		372		528		5.40%, 1/6/2042		298		334
8.50%, 5/22/2019		372		487		5.60%, 7/15/2041		446		515
Commonwealth Bank of Australia/New York						6.30%, 4/23/2019		600		722
NY						6.40%, 5/15/2038		300		372
1.25%, 9/18/2015		500		505		JP Morgan Chase Bank NA
Cooperatieve Centrale Raiffeisen-						6.00%, 10/1/2017		410		479
Boerenleenbank BA/Netherlands						KeyBank NA/Cleveland OH
3.38%, 1/19/2017		572		608		5.80%, 7/1/2014		750		790
3.88%, 2/8/2022		672		698		KeyCorp
4.50%, 1/11/2021		149		164		3.75%, 8/13/2015		531		564
Credit Suisse/New York NY						5.10%, 3/24/2021		298		342
3.50%, 3/23/2015		300		315		KFW
4.38%, 8/5/2020		300		332		0.63%, 4/24/2015		1,115		1,119
5.40%, 1/14/2020		300		339		1.25%, 2/15/2017		743		754
Deutsche Bank AG/London						2.63%, 3/3/2015		743		772
3.45%, 3/30/2015		227		238		2.63%, 2/16/2016		743		782
3.88%, 8/18/2014		743		772		2.63%, 1/25/2022		743		767
6.00%, 9/1/2017		416		488		2.75%, 10/21/2014		409		422
Discover Bank/Greenwood DE						2.75%, 9/8/2020		500		527
7.00%, 4/15/2020		100		121		4.00%, 1/27/2020		283		322
						4.13%, 10/15/2014		966		1,015

See accompanying notes.

4

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Banks (continued)						Banks (continued)
KFW (continued)						UBS Preferred Funding Trust V
4.38%, 3/15/2018	$	575	$	658		6.24%, 5/29/2049	$	400	$	420
4.50%, 7/16/2018		298		345		Union Bank NA
4.88%, 6/17/2019		818		972		5.95%, 5/11/2016		300		338
5.13%, 3/14/2016		1,223		1,373		US Bancorp/MN
Korea Development Bank/The						1.65%, 5/15/2017		595		602
4.00%, 9/9/2016		400		428		2.45%, 7/27/2015		298		309
Landwirtschaftliche Rentenbank						2.95%, 7/15/2022		300		292
3.13%, 7/15/2015		298		314		3.00%, 3/15/2022		372		377
5.00%, 11/8/2016		298		340		4.13%, 5/24/2021		223		245
Lloyds TSB Bank PLC						Wachovia Bank NA
4.88%, 1/21/2016		520		567		6.00%, 11/15/2017		600		706
6.38%, 1/21/2021		149		182		6.60%, 1/15/2038		550		704
Mellon Funding Corp						Wachovia Corp
5.00%, 12/1/2014		223		237		5.25%, 8/1/2014		149		157
Morgan Stanley						5.75%, 6/15/2017		700		809
1.75%, 2/25/2016		300		300		5.75%, 2/1/2018		520		611
3.75%, 2/25/2023		800		794		Wells Fargo & Co
3.80%, 4/29/2016		372		393		1.50%, 1/16/2018		400		396
4.10%, 1/26/2015		600		627		3.45%, 2/13/2023		300		294
4.20%, 11/20/2014		150		156		3.50%, 3/8/2022		520		539
5.45%, 1/9/2017		200		222		3.63%, 4/15/2015		777		818
5.50%, 1/26/2020		160		180		3.68%, 6/15/2016(a)		223		240
5.55%, 4/27/2017		200		223		3.75%, 10/1/2014		446		464
5.63%, 9/23/2019		639		724		4.60%, 4/1/2021		298		334
5.75%, 1/25/2021		1,000		1,140		Westpac Banking Corp
6.00%, 4/28/2015		476		516		3.00%, 8/4/2015		390		408
6.25%, 8/28/2017		795		917		3.00%, 12/9/2015		223		235
6.63%, 4/1/2018		220		259		4.20%, 2/27/2015		312		331
7.25%, 4/1/2032		45		57		4.88%, 11/19/2019		575		665
7.30%, 5/13/2019		530		649					$	91,566
National Australia Bank Ltd/New York
1.60%, 8/7/2015		200		204		Beverages - 0.51%
2.00%, 3/9/2015		750		768		Anheuser-Busch Cos LLC
Oesterreichische Kontrollbank AG						5.50%, 1/15/2018		260		304
2.00%, 6/3/2016		700		726		Anheuser-Busch InBev Finance Inc
PNC Funding Corp						0.80%, 1/15/2016		200		200
2.70%, 9/19/2016		472		495		2.63%, 1/17/2023		700		675
3.63%, 2/8/2015		386		404		Anheuser-Busch InBev Worldwide Inc
4.38%, 8/11/2020		149		166		0.80%, 7/15/2015		500		501
5.13%, 2/8/2020		575		663		3.75%, 7/15/2042		200		182
5.63%, 2/1/2017		298		336		4.13%, 1/15/2015		45		47
6.70%, 6/10/2019		75		94		5.00%, 4/15/2020		112		130
Royal Bank of Canada						5.38%, 11/15/2014		446		475
2.63%, 12/15/2015		549		575		5.38%, 1/15/2020		197		233
2.88%, 4/19/2016		649		686		6.38%, 1/15/2040		149		194
Royal Bank of Scotland Group PLC						6.88%, 11/15/2019		149		190
2.55%, 9/18/2015		500		514		7.75%, 1/15/2019		372		482
6.40%, 10/21/2019		60		71		8.20%, 1/15/2039		149		231
Royal Bank of Scotland PLC/The						Beam Inc
5.63%, 8/24/2020		483		553		5.38%, 1/15/2016		8		9
State Street Corp						Coca-Cola Co/The
3.10%, 5/15/2023		300		292		0.75%, 3/13/2015		298		300
5.38%, 4/30/2017		54		62		1.50%, 11/15/2015		223		228
Sumitomo Mitsui Banking Corp						1.80%, 9/1/2016		223		230
1.35%, 7/18/2015		300		303		3.15%, 11/15/2020		372		395
3.20%, 7/18/2022		200		201		Coca-Cola Enterprises Inc
SunTrust Bank/Atlanta GA						2.13%, 9/15/2015		200		205
5.00%, 9/1/2015		14		15		3.50%, 9/15/2020		200		208
SunTrust Banks Inc						Diageo Capital PLC
3.60%, 4/15/2016		298		318		4.83%, 7/15/2020		149		172
Toronto-Dominion Bank/The						Diageo Finance BV
1.38%, 7/14/2014		149		151		3.25%, 1/15/2015		119		124
2.38%, 10/19/2016		520		543		Diageo Investment Corp
UBS AG/Stamford CT						2.88%, 5/11/2022		400		399
3.88%, 1/15/2015		520		546		Dr Pepper Snapple Group Inc
4.88%, 8/4/2020		342		388		2.60%, 1/15/2019		523		537
5.88%, 12/20/2017		432		506		PepsiAmericas Inc
						4.88%, 1/15/2015		75		80

See accompanying notes.

5

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000's)
Beverages (continued)						Chemicals (continued)
PepsiCo Inc						Sherwin-Williams Co/The
0.70%, 8/13/2015	$	300	$	300		3.13%, 12/15/2014	$	34	$	35
2.50%, 5/10/2016		149		156					$	6,406
2.75%, 3/5/2022		372		369
3.10%, 1/15/2015		67		70		Commercial Services - 0.03%
3.13%, 11/1/2020		372		389		ADT Corp/The
4.50%, 1/15/2020		149		169		3.50%, 7/15/2022		300		288
4.88%, 11/1/2040		372		397		McGraw Hill Financial Inc
5.50%, 1/15/2040		149		173		6.55%, 11/15/2037		149		154
7.90%, 11/1/2018		460		601		Western Union Co/The
			$	9,355		5.25%, 4/1/2020		75		81
						Yale University
Biotechnology - 0.20%						2.90%, 10/15/2014		59		61
Amgen Inc									$	584
1.88%, 11/15/2014		223		227
2.13%, 5/15/2017		400		408		Computers - 0.38%
4.10%, 6/15/2021		520		563		Affiliated Computer Services Inc
5.15%, 11/15/2041		223		236		5.20%, 6/1/2015		149		159
5.70%, 2/1/2019		38		45		Apple Inc
5.75%, 3/15/2040		75		86		0.45%, 5/3/2016		300		298
5.85%, 6/1/2017		231		268		1.00%, 5/3/2018		300		294
6.40%, 2/1/2039		38		46		2.40%, 5/3/2023		300		286
6.90%, 6/1/2038		585		758		3.85%, 5/4/2043		300		275
Celgene Corp						Computer Sciences Corp
2.45%, 10/15/2015		149		154		6.50%, 3/15/2018		298		344
Genentech Inc						Dell Inc
4.75%, 7/15/2015		483		524		7.10%, 4/15/2028		149		156
Gilead Sciences Inc						Hewlett-Packard Co
4.40%, 12/1/2021		223		247		2.13%, 9/13/2015		223		228
			$	3,562		2.60%, 9/15/2017		446		454
						2.65%, 6/1/2016		500		514
Building Materials - 0.03%						3.00%, 9/15/2016		372		385
Owens Corning						4.65%, 12/9/2021		520		536
4.20%, 12/15/2022		500		514		6.00%, 9/15/2041		446		450
						International Business Machines Corp
						0.55%, 2/6/2015		672		673
Chemicals - 0.35%						2.00%, 1/5/2016		200		206
Airgas Inc
2.38%, 2/15/2020		300		295		5.60%, 11/30/2039		268		324
						5.70%, 9/14/2017		520		612
2.95%, 6/15/2016		223		233		6.22%, 8/1/2027		149		192
CF Industries Inc
4.95%, 6/1/2043		300		297		7.63%, 10/15/2018		400		520
Dow Chemical Co/The									$	6,906
2.50%, 2/15/2016		223		231		Consumer Products - 0.07%
4.13%, 11/15/2021		149		158		Avery Dennison Corp
4.38%, 11/15/2042		300		280		5.38%, 4/15/2020		75		81
5.90%, 2/15/2015		145		157		Clorox Co/The
8.55%, 5/15/2019		419		558		3.80%, 11/15/2021		372		389
9.40%, 5/15/2039		149		235		Kimberly-Clark Corp
Eastman Chemical Co						2.40%, 3/1/2022		743		728
3.00%, 12/15/2015		149		156		7.50%, 11/1/2018		52		68
4.50%, 1/15/2021		149		162					$	1,266
Ecolab Inc
4.35%, 12/8/2021		298		327		Cosmetics & Personal Care - 0.16%
5.50%, 12/8/2041		223		255		Avon Products Inc
EI du Pont de Nemours & Co						6.50%, 3/1/2019		500		574
2.75%, 4/1/2016		223		235		Colgate-Palmolive Co
2.80%, 2/15/2023		400		395		2.95%, 11/1/2020		446		464
3.25%, 1/15/2015		223		233		Procter & Gamble Co/The
4.15%, 2/15/2043		300		299		0.70%, 8/15/2014		149		149
4.25%, 4/1/2021		223		249		2.30%, 2/6/2022		1,189		1,169
4.63%, 1/15/2020		75		86		4.70%, 2/15/2019		223		258
LyondellBasell Industries NV						4.85%, 12/15/2015		75		83
5.00%, 4/15/2019		400		451		5.55%, 3/5/2037		149		183
Potash Corp of Saskatchewan Inc									$	2,880
4.88%, 3/30/2020		149		170		Credit Card Asset Backed Securities - 0.14%
PPG Industries Inc						Capital One Multi-Asset Execution Trust
3.60%, 11/15/2020		249		264		5.75%, 7/15/2020		1,374		1,628
Praxair Inc						Citibank Credit Card Issuance Trust
2.20%, 8/15/2022		500		475		4.90%, 12/12/2016		500		534
5.38%, 11/1/2016		149		170

See accompanying notes.

6

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Credit Card Asset Backed Securities (continued)						Diversified Financial Services (continued)
Citibank Credit Card Issuance Trust						Goldman Sachs Capital I
(continued)						6.35%, 2/15/2034	$	156	$	160
5.30%, 3/15/2018	$	300	$	337		HSBC Finance Capital Trust IX
			$	2,499		5.91%, 11/30/2035		125		128
						HSBC Finance Corp
Distribution & Wholesale - 0.05%						5.50%, 1/19/2016		500		552
Arrow Electronics Inc						6.68%, 1/15/2021		286		339
3.00%, 3/1/2018		500		508		Jefferies Group LLC
4.50%, 3/1/2023		400		403		3.88%, 11/9/2015		298		313
			$	911		6.50%, 1/20/2043		300		320
Diversified Financial Services - 1.81%						6.88%, 4/15/2021		78		91
American Express Co						8.50%, 7/15/2019		38		48
4.05%, 12/3/2042		301		274		John Deere Capital Corp
6.15%, 8/28/2017		372		440		0.88%, 4/17/2015		298		300
7.00%, 3/19/2018		528		649		1.20%, 10/10/2017		300		298
American Express Credit Corp						1.40%, 3/15/2017		520		524
2.80%, 9/19/2016		743		782		2.25%, 6/7/2016		223		232
5.13%, 8/25/2014		743		784		2.75%, 3/15/2022		372		369
Bear Stearns Cos LLC/The						Merrill Lynch & Co Inc
5.55%, 1/22/2017		149		167		5.30%, 9/30/2015		75		81
6.40%, 10/2/2017		371		439		5.45%, 7/15/2014		75		79
7.25%, 2/1/2018		541		661		5.70%, 5/2/2017		200		221
BlackRock Inc						6.05%, 5/16/2016		416		462
3.38%, 6/1/2022		500		517		6.11%, 1/29/2037		300		322
3.50%, 12/10/2014		112		117		6.88%, 4/25/2018		595		709
5.00%, 12/10/2019		75		88		7.75%, 5/14/2038		350		438
Boeing Capital Corp						Murray Street Investment Trust I
4.70%, 10/27/2019		97		112		4.65%, 3/9/2017(a)		743		810
Capital One Bank USA NA						NASDAQ OMX Group Inc/The
3.38%, 2/15/2023		300		296		4.00%, 1/15/2015		149		155
8.80%, 7/15/2019		600		798		National Rural Utilities Cooperative Finance
Caterpillar Financial Services Corp						Corp
1.63%, 6/1/2017		300		303		3.05%, 2/15/2022		298		305
2.65%, 4/1/2016		223		234		3.88%, 9/16/2015		372		399
2.85%, 6/1/2022		200		200		10.38%, 11/1/2018		52		74
7.15%, 2/15/2019		327		415		Nomura Holdings Inc
Countrywide Financial Corp						4.13%, 1/19/2016		446		471
6.25%, 5/15/2016		164		182		6.70%, 3/4/2020		376		444
Discover Financial Services						ORIX Corp
3.85%, 11/21/2022		250		252		4.71%, 4/27/2015		350		369
Ford Motor Credit Co LLC						Private Export Funding Corp
2.75%, 5/15/2015		600		614		3.05%, 10/15/2014		75		78
3.00%, 6/12/2017		400		410		SLM Corp
3.98%, 6/15/2016		500		531		6.25%, 1/25/2016		520		553
4.25%, 2/3/2017		300		320		8.00%, 3/25/2020		375		408
4.25%, 9/20/2022		300		308		8.45%, 6/15/2018		446		495
5.00%, 5/15/2018		300		330		Toyota Motor Credit Corp
5.88%, 8/2/2021		600		683		0.88%, 7/17/2015		500		502
8.70%, 10/1/2014		300		328		1.25%, 10/5/2017		600		594
Franklin Resources Inc						2.05%, 1/12/2017		223		229
3.13%, 5/20/2015		149		156		3.20%, 6/17/2015		112		118
General Electric Capital Corp						3.30%, 1/12/2022		223		230
2.15%, 1/9/2015		743		760					$	32,962
2.30%, 4/27/2017		743		765		Electric - 1.52%
3.10%, 1/9/2023		600		582		Ameren Illinois Co
3.50%, 6/29/2015		223		235		2.70%, 9/1/2022		500		492
3.75%, 11/14/2014		595		622		Appalachian Power Co
4.63%, 1/7/2021		223		246		6.70%, 8/15/2037		223		282
5.30%, 2/11/2021		892		1,006		7.00%, 4/1/2038		60		79
5.38%, 10/20/2016		446		504		Arizona Public Service Co
5.50%, 6/4/2014		149		157		4.50%, 4/1/2042		223		228
5.50%, 1/8/2020		475		555		Baltimore Gas & Electric Co
5.63%, 9/15/2017		446		516		5.90%, 10/1/2016		201		231
5.88%, 1/14/2038		769		877		Commonwealth Edison Co
6.00%, 8/7/2019		524		629		4.00%, 8/1/2020		30		33
6.15%, 8/7/2037		160		190		5.80%, 3/15/2018		38		45
6.38%, 11/15/2067(a)		400		426
						Consolidated Edison Co of New York Inc
6.75%, 3/15/2032		434		541		4.20%, 3/15/2042		372		371
6.88%, 1/10/2039		580		741		5.85%, 3/15/2036		149		182

See accompanying notes.

7

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Electric (continued)						Electric (continued)
Consolidated Edison Co of New York Inc						Mississippi Power Co
(continued)						4.25%, 3/15/2042	$	200	$	193
6.65%, 4/1/2019	$	149	$	187		Nevada Power Co
6.75%, 4/1/2038		75		102		5.45%, 5/15/2041		435		512
Constellation Energy Group Inc						6.50%, 5/15/2018		223		273
4.55%, 6/15/2015		45		48		7.13%, 3/15/2019		38		48
Consumers Energy Co						NextEra Energy Capital Holdings Inc
3.95%, 5/15/2043		300		290		1.20%, 6/1/2015		500		503
5.50%, 8/15/2016		212		242		4.50%, 6/1/2021		149		164
Dominion Resources Inc/VA						Nisource Finance Corp
4.90%, 8/1/2041		223		239		3.85%, 2/15/2023		350		357
5.15%, 7/15/2015		149		162		5.25%, 9/15/2017		205		232
8.88%, 1/15/2019		775		1,040		5.25%, 2/15/2043		350		363
DTE Electric Co						5.40%, 7/15/2014		138		145
3.45%, 10/1/2020		15		16		5.95%, 6/15/2041		75		85
Duke Energy Carolinas LLC						6.40%, 3/15/2018		45		53
4.00%, 9/30/2042		300		284		Northern States Power Co/MN
5.30%, 10/1/2015		446		494		5.25%, 3/1/2018		119		140
5.30%, 2/15/2040		38		44		5.35%, 11/1/2039		238		284
Duke Energy Corp						Ohio Power Co
3.35%, 4/1/2015		223		233		6.00%, 6/1/2016		237		269
3.95%, 9/15/2014		19		20		Oncor Electric Delivery Co LLC
Duke Energy Florida Inc						5.25%, 9/30/2040		149		168
0.65%, 11/15/2015		200		200		6.80%, 9/1/2018		506		624
4.55%, 4/1/2020		223		253		Pacific Gas & Electric Co
5.65%, 6/15/2018		372		440		3.50%, 10/1/2020		75		80
5.65%, 4/1/2040		75		90		4.45%, 4/15/2042		298		299
6.40%, 6/15/2038		194		249		5.40%, 1/15/2040		372		425
Duke Energy Indiana Inc						6.05%, 3/1/2034		298		370
3.75%, 7/15/2020		108		117		PacifiCorp
4.20%, 3/15/2042		372		361		5.65%, 7/15/2018		205		245
6.12%, 10/15/2035		223		260		6.25%, 10/15/2037		268		346
Duke Energy Ohio Inc						Peco Energy Co
5.45%, 4/1/2019		372		441		2.38%, 9/15/2022		300		290
Entergy Arkansas Inc						PPL Capital Funding Inc
3.75%, 2/15/2021		75		81		4.70%, 6/1/2043		300		288
Entergy Corp						PPL Energy Supply LLC
4.70%, 1/15/2017		372		401		5.70%, 10/15/2035		134		145
5.13%, 9/15/2020		258		283		Progress Energy Inc
Exelon Corp						3.15%, 4/1/2022		372		371
4.90%, 6/15/2015		112		121		7.75%, 3/1/2031		394		534
Exelon Generation Co LLC						PSEG Power LLC
5.20%, 10/1/2019		298		335		2.75%, 9/15/2016		223		231
6.25%, 10/1/2039		616		704		Public Service Co of Colorado
FirstEnergy Corp						3.95%, 3/15/2043		300		292
2.75%, 3/15/2018		300		300		Public Service Co of New Mexico
7.38%, 11/15/2031		372		420		7.95%, 5/15/2018		446		548
FirstEnergy Solutions Corp						Public Service Electric & Gas Co
6.80%, 8/15/2039		294		336		3.50%, 8/15/2020		212		229
Florida Power & Light Co						3.65%, 9/1/2042		300		277
5.13%, 6/1/2041		446		518		Puget Sound Energy Inc
5.63%, 4/1/2034		75		91		4.43%, 11/15/2041		223		232
5.69%, 3/1/2040		142		176		5.80%, 3/15/2040		149		184
Georgia Power Co						San Diego Gas & Electric Co
3.00%, 4/15/2016		223		236		5.35%, 5/15/2040		246		298
4.25%, 12/1/2019		223		253		South Carolina Electric & Gas Co
4.30%, 3/15/2042		572		561		5.45%, 2/1/2041		223		259
Great Plains Energy Inc						Southern California Edison Co
4.85%, 6/1/2021		223		244		4.05%, 3/15/2042		572		560
Hydro-Quebec						5.50%, 3/15/2040		298		358
8.05%, 7/7/2024		298		425		5.95%, 2/1/2038		223		281
Iberdrola International BV						Southwestern Electric Power Co
6.75%, 7/15/2036		372		402		6.20%, 3/15/2040		149		182
LG&E and KU Energy LLC						6.45%, 1/15/2019		75		90
3.75%, 11/15/2020		223		235		Toledo Edison Co/The
Louisville Gas & Electric Co						7.25%, 5/1/2020		223		282
5.13%, 11/15/2040		149		173		TransAlta Corp
MidAmerican Energy Holdings Co						6.50%, 3/15/2040		75		76
6.13%, 4/1/2036		454		547

See accompanying notes.

8

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal							Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)		Amount (000's)		Value(000	's)
Electric (continued)						Finance - Mortgage Loan/Banker (continued)
Union Electric Co						Fannie Mae (continued)
6.40%, 6/15/2017	$	223	$	265		0.88%, 10/26/2017	$	1,500	$	1,488
Virginia Electric and Power Co						0.88%, 12/20/2017		2,000		1,984
6.00%, 5/15/2037		223		280		0.88%, 2/8/2018		1,000		988
8.88%, 11/15/2038		30		50		0.95%, 8/23/2017		1,500		1,494
Xcel Energy Inc						1.01%, 2/14/2018		400		394
4.70%, 5/15/2020		300		342		1.07%, 9/27/2017		500		499
			$	27,719		1.13%, 6/27/2014		520		525
						1.13%, 3/28/2018		400		397
Electrical Components & Equipment - 0.02%						1.15%, 2/28/2018		400		398
Emerson Electric Co						1.25%, 9/28/2016		929		947
2.63%, 2/15/2023		280		275		1.25%, 1/30/2017		558		567
4.88%, 10/15/2019		75		88		1.25%, 1/30/2019		1,000		991
			$	363		1.38%, 11/15/2016		743		760
Electronics - 0.09%						1.63%, 10/26/2015		743		764
Agilent Technologies Inc						2.38%, 7/28/2015		298		311
6.50%, 11/1/2017		45		53		2.38%, 4/11/2016		520		547
Honeywell International Inc						2.50%, 5/15/2014		149		152
5.30%, 3/1/2018		372		435		2.63%, 11/20/2014		372		385
5.38%, 3/1/2041		223		269		3.00%, 9/16/2014		1,338		1,386
5.70%, 3/15/2037		38		47		4.38%, 10/15/2015		298		326
Jabil Circuit Inc						4.63%, 10/15/2014		112		119
4.70%, 9/15/2022		300		304		5.00%, 3/15/2016		929		1,043
Koninklijke Philips NV						5.00%, 2/13/2017		986		1,138
5.00%, 3/15/2042		372		396		5.00%, 5/11/2017		186		215
5.75%, 3/11/2018		30		35		5.25%, 9/15/2016		149		171
Thermo Fisher Scientific Inc						5.38%, 6/12/2017		929		1,093
4.70%, 5/1/2020		149		162		5.63%, 7/15/2037		75		101
			$	1,701		6.00%, 4/18/2036		149		169
						6.63%, 11/15/2030		298		430
Environmental Control - 0.12%						7.13%, 1/15/2030		576		861
Republic Services Inc						7.25%, 5/15/2030		520		790
4.75%, 5/15/2023		149		163		Federal Home Loan Banks
5.25%, 11/15/2021		300		342		0.38%, 3/13/2015		1,000		1,000
5.50%, 9/15/2019		301		349		0.38%, 7/30/2015		415		415
6.20%, 3/1/2040		171		206		0.45%, 12/28/2015		400		399
Waste Management Inc						0.50%, 11/20/2015		1,000		1,002
2.90%, 9/15/2022		500		482		1.00%, 6/21/2017		1,000		1,003
6.38%, 3/11/2015		223		244		1.38%, 5/28/2014		745		754
7.00%, 7/15/2028		45		58		2.13%, 3/10/2023		500		488
7.38%, 3/11/2019		223		276		2.75%, 12/12/2014		855		887
			$	2,120		2.75%, 3/13/2015		520		542
Federal & Federally Sponsored Credit - 0.14%						2.88%, 6/12/2015		855		898
Federal Farm Credit Banks						4.50%, 2/18/2015		745		798
0.54%, 11/7/2016		400		398		4.75%, 12/16/2016		1,190		1,360
0.55%, 7/9/2015		250		250		4.88%, 5/17/2017		930		1,074
0.73%, 8/15/2016		215		215		5.00%, 11/17/2017		560		656
1.50%, 11/16/2015		743		763		5.25%, 6/18/2014		190		200
4.88%, 1/17/2017		500		571		5.38%, 5/18/2016		225		257
5.13%, 8/25/2016		330		377		5.50%, 8/13/2014		485		516
			$	2,574		5.50%, 7/15/2036		520		674
						5.63%, 6/11/2021		450		567
Finance - Mortgage Loan/Banker - 4.22%						Freddie Mac
Fannie Mae						0.32%, 4/29/2015		100		100
0.00%, 6/1/2017(c)		446		425		0.42%, 6/19/2015		1,000		1,000
0.00%, 10/9/2019(c)		560		486		0.42%, 9/18/2015		1,250		1,250
0.38%, 3/16/2015		743		743		0.63%, 12/29/2014		743		747
0.50%, 5/27/2015		1,500		1,504		0.75%, 11/25/2014		1,000		1,007
0.50%, 7/2/2015		1,000		1,002		1.00%, 7/30/2014		743		750
0.50%, 9/28/2015		1,000		1,002		1.00%, 8/20/2014		743		750
0.50%, 11/27/2015		1,200		1,200		1.00%, 8/27/2014		372		376
0.50%, 3/28/2016		500		499		1.00%, 9/29/2017		1,000		997
0.50%, 4/29/2016		975		971		1.20%, 3/6/2017		595		599
0.55%, 2/27/2015		800		802		1.25%, 5/12/2017		743		753
0.57%, 4/18/2016		1,035		1,032		1.25%, 10/2/2019		1,500		1,469
0.63%, 10/30/2014		1,115		1,120		1.40%, 8/22/2019		1,000		986
0.75%, 12/19/2014		743		748		1.75%, 9/10/2015		186		192
0.88%, 8/28/2014		472		476		2.00%, 8/25/2016		1,000		1,043
0.88%, 8/28/2017		1,500		1,491		2.25%, 3/13/2020		410		414

See accompanying notes.

9

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
				Principal						Principal
	BONDS (continued)			Amount (000's)		Value(000	's)	BONDS (continued)		Amount (000's)			Value (000's)
	Finance - Mortgage Loan/Banker (continued)							Forest Products & Paper (continued)
	Freddie Mac (continued)							International Paper Co
	2.38%, 1/13/2022		$	2,243	$	2,281		7.30%, 11/15/2039		$	75	$		99
	2.50%, 5/27/2016			520		549		7.50%, 8/15/2021			394			507
	2.88%, 2/9/2015			1,372		1,431		7.95%, 6/15/2018			400			509
	3.00%, 7/28/2014			1,000		1,031		9.38%, 5/15/2019			177			240
	3.00%, 1/18/2028			415		401		MeadWestvaco Corp
	3.75%, 3/27/2019			1,598		1,806		7.38%, 9/1/2019			300			363
	4.38%, 7/17/2015			149		162		Plum Creek Timberlands LP
	4.50%, 1/15/2015			186		198		4.70%, 3/15/2021			149			159
	4.75%, 11/17/2015			186		206						$		2,858
	4.75%, 1/19/2016			669		744
	4.88%, 6/13/2018			613		723		Gas- 0.05	%
	5.00%, 7/15/2014			558		588		Atmos Energy Corp
	5.00%, 2/16/2017			298		343		4.95%, 10/15/2014			149			157
	5.00%, 4/18/2017			743		859		CenterPoint Energy Inc
	5.13%, 10/18/2016			250		287		6.50%, 5/1/2018			223			269
	5.13%, 11/17/2017			520		612		National Grid PLC
	5.25%, 4/18/2016			520		589		6.30%, 8/1/2016			119			137
	5.50%, 7/18/2016			929		1,069		Sempra Energy
	5.50%, 8/23/2017			669		794		2.88%, 10/1/2022			300			293
	6.25%, 7/15/2032			669		944		6.00%, 10/15/2039			38			46
	6.75%, 3/15/2031			223		326						$		902
					$	76,800		Healthcare - Products - 0.19%
	Food- 0.46	%						Baxter International Inc
	Campbell Soup Co							2.40%, 8/15/2022			300			286
	3.05%, 7/15/2017			372		393		3.65%, 8/15/2042			300			268
	4.25%, 4/15/2021			149		161		4.25%, 3/15/2020			149			166
	ConAgra Foods Inc							5.90%, 9/1/2016			52			60
	1.30%, 1/25/2016			400		402		Becton Dickinson and Co
	2.10%, 3/15/2018			300		302		5.00%, 11/12/2040			149			164
	3.25%, 9/15/2022			300		297		Boston Scientific Corp
	4.65%, 1/25/2043			200		196		6.00%, 1/15/2020			149			173
	Delhaize Group SA							6.25%, 11/15/2015			149			166
	5.70%, 10/1/2040			298		301		7.38%, 1/15/2040			149			195
	General Mills Inc							Covidien International Finance SA
	3.15%, 12/15/2021			223		229		6.00%, 10/15/2017			67			79
	HJ Heinz Finance Co							Medtronic Inc
	6.75%, 3/15/2032			75		84		3.00%, 3/15/2015			372			388
	Kellogg Co							4.45%, 3/15/2020			298			336
	2.75%, 3/1/2023			500		486		5.55%, 3/15/2040			300			356
	4.00%, 12/15/2020			223		242		Stryker Corp
	Kraft Foods Group Inc							4.10%, 4/1/2043			700			682
	1.63%, 6/4/2015			200		203		4.38%, 1/15/2020			75			84
	5.00%, 6/4/2042			600		629						$		3,403
	5.38%, 2/10/2020			278		324		Healthcare - Services - 0.30%
	6.50%, 2/9/2040			220		278		Aetna Inc
	6.88%, 1/26/2039			469		615		1.50%, 11/15/2017			200			198
	Kroger Co/The							4.13%, 6/1/2021			298			322
	3.40%, 4/15/2022			446		453		4.13%, 11/15/2042			200			186
	4.95%, 1/15/2015			223		237		6.63%, 6/15/2036			15			19
	5.40%, 7/15/2040			75		79		6.75%, 12/15/2037			38			49
	6.15%, 1/15/2020			38		45		Cigna Corp
	6.40%, 8/15/2017			52		61		2.75%, 11/15/2016			372			392
	Mondelez International Inc							4.00%, 2/15/2022			300			319
	4.13%, 2/9/2016			335		361		5.38%, 2/15/2042			372			418
	5.38%, 2/10/2020			254		295		Quest Diagnostics Inc
	6.50%, 8/11/2017			743		881		4.70%, 4/1/2021			298			318
	6.50%, 2/9/2040			350		442		4.75%, 1/30/2020			12			13
	Safeway Inc							5.45%, 11/1/2015			52			57
	3.95%, 8/15/2020			93		95		UnitedHealth Group Inc
	Unilever Capital Corp							2.88%, 3/15/2022			520			517
	2.75%, 2/10/2016			300		315		4.70%, 2/15/2021			260			294
					$	8,406		6.50%, 6/15/2037			223			281
	Forest Products & Paper - 0.16%							6.88%, 2/15/2038			409			536
	Georgia-Pacific LLC							WellPoint Inc
	7.75%, 11/15/2029			149		202		3.30%, 1/15/2023			300			298
	8.00%, 1/15/2024			572		779		4.65%, 1/15/2043			200			199
								5.25%, 1/15/2016			97			107
								5.80%, 8/15/2040			15			17

See accompanying notes.

10

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's)		Value(000	's)	BONDS (continued)	Amount (000's)			Value	(000	's)
Healthcare - Services (continued)						Insurance (continued)
WellPoint Inc (continued)						Progressive Corp/The
6.38%, 6/15/2037	$	223	$	272		3.75%, 8/23/2021	$	323	$		345
7.00%, 2/15/2019		520		640		Protective Life Corp
			$	5,452		8.45%, 10/15/2039		149			200
						Prudential Financial Inc
Home Furnishings - 0.01%						4.50%, 11/16/2021		372			408
Whirlpool Corp						4.75%, 9/17/2015		149			161
4.85%, 6/15/2021		223		241		5.10%, 9/20/2014		82			86
						5.63%, 6/15/2043(a)		300			316
Insurance - 0.94%						5.70%, 12/14/2036		75			84
ACE INA Holdings Inc						5.80%, 11/16/2041		149			171
5.88%, 6/15/2014		75		79		6.00%, 12/1/2017		223			263
5.90%, 6/15/2019		500		612		6.63%, 12/1/2037		45			56
Aegon NV						Transatlantic Holdings Inc
4.63%, 12/1/2015		67		73		5.75%, 12/14/2015		70			77
Aflac Inc						Travelers Cos Inc/The
3.45%, 8/15/2015		60		63		6.25%, 6/15/2037		38			49
6.45%, 8/15/2040		193		238		6.75%, 6/20/2036		149			202
8.50%, 5/15/2019		38		51		Unum Group
Allstate Corp/The						7.13%, 9/30/2016		223			259
5.20%, 1/15/2042		372		430		Validus Holdings Ltd
6.13%, 12/15/2032		400		509		8.88%, 1/26/2040		149			202
6.75%, 5/15/2018		149		185		Willis Group Holdings PLC
7.45%, 5/16/2019		149		194		4.13%, 3/15/2016		372			391
American International Group Inc						WR Berkley Corp
3.00%, 3/20/2015		372		385		6.25%, 2/15/2037		86			100
4.88%, 6/1/2022		500		552		XL Group PLC
5.60%, 10/18/2016		1,023		1,157		5.25%, 9/15/2014		38			40
5.85%, 1/16/2018		446		514					$		17,108
6.25%, 5/1/2036		325		393
6.40%, 12/15/2020		372		450		Internet - 0.12%
8.25%, 8/15/2018		527		670		Amazon.com Inc
						0.65%, 11/27/2015		400			399
Aon Corp						1.20%, 11/29/2017		200			197
5.00%, 9/30/2020		372		424
AXA SA						2.50%, 11/29/2022		200			190
						eBay Inc
8.60%, 12/15/2030		112		144		1.35%, 7/15/2017		200			200
Berkshire Hathaway Finance Corp
4.25%, 1/15/2021		298		332		1.63%, 10/15/2015		149			153
						2.60%, 7/15/2022		200			193
5.75%, 1/15/2040		245		285		4.00%, 7/15/2042		200			177
Berkshire Hathaway Inc
1.90%, 1/31/2017		372		381		Expedia Inc
						7.46%, 8/15/2018		372			438
3.20%, 2/11/2015		227		237		Google Inc
3.40%, 1/31/2022		595		616
Chubb Corp/The						2.13%, 5/19/2016		149			155
6.50%, 5/15/2038		30		40		3.63%, 5/19/2021		149			161
CNA Financial Corp									$		2,263
5.75%, 8/15/2021		223		261		Iron & Steel - 0.11%
Fidelity National Financial Inc						Cliffs Natural Resources Inc
6.60%, 5/15/2017		149		167		4.88%, 4/1/2021		372			357
Genworth Holdings Inc						Nucor Corp
7.63%, 9/24/2021		500		615		5.75%, 12/1/2017		38			44
7.70%, 6/15/2020		75		89		Vale Overseas Ltd
Hartford Financial Services Group Inc						5.63%, 9/15/2019		134			151
5.38%, 3/15/2017		223		251		6.25%, 1/23/2017		649			737
6.00%, 1/15/2019		400		471		6.88%, 11/21/2036		486			522
6.63%, 3/30/2040		73		92		8.25%, 1/17/2034		112			137
Lincoln National Corp									$		1,948
7.00%, 6/15/2040		138		179
8.75%, 7/1/2019		409		545		Lodging - 0.02%
Marsh & McLennan Cos Inc						Wyndham Worldwide Corp
5.75%, 9/15/2015		36		40		3.90%, 3/1/2023		400			396
MetLife Inc
5.70%, 6/15/2035		686		799		Machinery - Construction & Mining - 0.04%
6.40%, 12/15/2066(a)		112		127		Caterpillar Inc
6.75%, 6/1/2016		743		865		0.95%, 6/26/2015		400			403
7.72%, 2/15/2019		75		97		3.80%, 8/15/2042		305			279
PartnerRe Finance B LLC									$		682
5.50%, 6/1/2020		75		86

See accompanying notes.

11

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
			Principal						Principal
	BONDS (continued)		Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value	(000	's)
	Machinery - Diversified - 0.05%							Media (continued)
	Deere & Co							Time Warner Entertainment Co LP
	4.38%, 10/16/2019		$	164	$	187		8.38%, 7/15/2033	$	275	$		373
	Rockwell Automation Inc							Time Warner Inc
	6.25%, 12/1/2037			149		190		3.15%, 7/15/2015		231			242
	Roper Industries Inc							4.00%, 1/15/2022		520			550
	1.85%, 11/15/2017			500		500		4.70%, 1/15/2021		234			260
					$	877		4.88%, 3/15/2020		123			139
								5.38%, 10/15/2041		372			395
	Media- 1.16	%						5.88%, 11/15/2016		520			600
	CBS Corp							6.10%, 7/15/2040		127			146
	1.95%, 7/1/2017			450		453		6.20%, 3/15/2040		149			172
	4.85%, 7/1/2042			500		485		6.50%, 11/15/2036		60			71
	5.75%, 4/15/2020			190		220		7.63%, 4/15/2031		275			372
	7.88%, 7/30/2030			227		300		Viacom Inc
	Comcast Corp							2.50%, 12/15/2016		298			310
	3.13%, 7/15/2022			500		509		3.88%, 12/15/2021		372			389
	4.50%, 1/15/2043			200		201		4.25%, 9/15/2015		67			72
	5.15%, 3/1/2020			506		596		4.38%, 3/15/2043(d)		300			271
	5.90%, 3/15/2016			372		422		6.88%, 4/30/2036		294			357
	6.30%, 11/15/2017			372		448		Walt Disney Co/The
	6.40%, 3/1/2040			531		675		0.45%, 12/1/2015		500			499
	6.45%, 3/15/2037			175		220		1.35%, 8/16/2016		149			151
	6.95%, 8/15/2037			416		552		2.75%, 8/16/2021		298			300
	COX Communications Inc							3.70%, 12/1/2042		300			279
	5.45%, 12/15/2014			249		267		7.00%, 3/1/2032		149			207
	5.50%, 10/1/2015			75		83					$		21,142
	DIRECTV Holdings LLC / DIRECTV
	Financing Co Inc							Metal Fabrication & Hardware - 0.04%
	2.40%, 3/15/2017			500		512		Precision Castparts Corp
	3.55%, 3/15/2015			286		299		0.70%, 12/20/2015		350			350
	3.80%, 3/15/2022			298		302		1.25%, 1/15/2018		200			198
	4.60%, 2/15/2021			494		533		2.50%, 1/15/2023		200			193
	5.88%, 10/1/2019			164		193					$		741
	6.00%, 8/15/2040			472		504
	Discovery Communications LLC							Mining - 0.46%
	3.70%, 6/1/2015			93		98		Alcoa Inc
	5.05%, 6/1/2020			149		170		5.40%, 4/15/2021		149			151
	5.63%, 8/15/2019			149		176		5.90%, 2/1/2027		149			146
	6.35%, 6/1/2040			127		151		6.15%, 8/15/2020		38			41
	Grupo Televisa SAB							6.50%, 6/15/2018		483			535
	6.00%, 5/15/2018			300		346		AngloGold Ashanti Holdings PLC
	Historic TW Inc							5.38%, 4/15/2020		12			12
	6.88%, 6/15/2018			75		92		Barrick Gold Corp
	NBCUniversal Media LLC							2.90%, 5/30/2016		223			230
	3.65%, 4/30/2015			376		397		Barrick PD Australia Finance Pty Ltd
	4.38%, 4/1/2021			249		278		4.95%, 1/15/2020		175			186
	5.15%, 4/30/2020			220		260		5.95%, 10/15/2039		260			252
	6.40%, 4/30/2040			349		440		BHP Billiton Finance USA Ltd
	News America Inc							1.13%, 11/21/2014		223			225
	3.00%, 9/15/2022			500		487		1.63%, 2/24/2017		372			376
	5.65%, 8/15/2020			149		175		3.25%, 11/21/2021		372			384
	6.15%, 2/15/2041			223		260		4.13%, 2/24/2042		372			366
	6.20%, 12/15/2034			156		180		6.50%, 4/1/2019		67			83
	6.40%, 12/15/2035			372		439		Freeport-McMoRan Copper & Gold Inc
	6.90%, 3/1/2019			446		553		3.55%, 3/1/2022		398			387
								3.88%, 3/15/2023(d)		700			681
	Reed Elsevier Capital Inc
	3.13%, 10/15/2022(d)			16		15		Newmont Mining Corp
	Thomson Reuters Corp							3.50%, 3/15/2022		298			284
	5.70%, 10/1/2014			67		71		5.13%, 10/1/2019		149			166
	5.85%, 4/15/2040			75		87		6.25%, 10/1/2039		341			359
	Time Warner Cable Inc							Rio Tinto Alcan Inc
	3.50%, 2/1/2015			75		78		6.13%, 12/15/2033		223			270
	4.00%, 9/1/2021			520		543		Rio Tinto Finance USA Ltd
	5.85%, 5/1/2017			149		172		3.75%, 9/20/2021		372			384
	6.55%, 5/1/2037			149		171		6.50%, 7/15/2018		12			15
	6.75%, 7/1/2018			151		183		7.13%, 7/15/2028		38			50
	6.75%, 6/15/2039			223		260		9.00%, 5/1/2019		242			327
	7.30%, 7/1/2038			300		371		Rio Tinto Finance USA PLC
	8.25%, 4/1/2019			446		574		4.75%, 3/22/2042		672			680
	8.75%, 2/14/2019			142		186

See accompanying notes.

12

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Mining (continued)						Mortgage Backed Securities (continued)
Southern Copper Corp						Citigroup Commercial Mortgage Trust 2008-
5.38%, 4/16/2020	$	75	$	83		C7
6.75%, 4/16/2040		312		326		6.13%, 12/10/2049(a)	$	35	$	41
Teck Resources Ltd						COMM 2007-C9 Mortgage Trust
3.00%, 3/1/2019		298		300		5.80%, 12/10/2049(a)		371		430
4.50%, 1/15/2021		500		522		Commercial Mortgage Loan Trust 2008-LS1
6.25%, 7/15/2041		446		462		6.01%, 12/10/2049(a)		256		295
			$	8,283		Commercial Mortgage Pass-Through
						Certificates Series 2007-C4
Miscellaneous Manufacturing - 0.23%						5.76%, 9/15/2039(a)		307		330
3M Co						Commercial Mortgage Trust 2007-GG11
1.38%, 9/29/2016		372		379		5.74%, 12/10/2049		1,114		1,274
5.70%, 3/15/2037		112		141		Commercial Mortgage Trust 2007-GG9
Danaher Corp						5.44%, 3/10/2039(a)		628		707
5.63%, 1/15/2018		372		437		Credit Suisse First Boston Mortgage Securities
Dover Corp						Corp
5.38%, 3/1/2041		223		264		4.83%, 11/15/2037		594		623
Eaton Corp						5.01%, 2/15/2038		729		765
0.95%, 11/2/2015(d)		500		500
1.50%, 11/2/2017(d)		300		297		GE Capital Commercial Mortgage Corp
						5.29%, 11/10/2045(a)		74		81
2.75%, 11/2/2022(d)		200		194
4.15%, 11/2/2042(d)		100		95		GS Mortgage Securities Trust 2007-GG10
						5.79%, 8/10/2045(a)		154		162
GE Capital Trust I						5.79%, 8/10/2045(a)		1,486		1,683
6.38%, 11/15/2067		45		48		GS Mortgage Securities Trust 2011-GC5
General Electric Co						3.00%, 8/10/2044		1,000		1,053
0.85%, 10/9/2015		200		200		JP Morgan Chase Commercial Mortgage
2.70%, 10/9/2022		400		393		Securities Corp
4.13%, 10/9/2042		400		382		4.88%, 1/15/2042		394		412
5.25%, 12/6/2017		500		578		JP Morgan Chase Commercial Mortgage
Parker Hannifin Corp						Securities Corp Series 2005-LDP2
3.50%, 9/15/2022		223		235		4.74%, 7/15/2042		260		276
Textron Inc						4.78%, 7/15/2042		223		238
6.20%, 3/15/2015		26		28		JP Morgan Chase Commercial Mortgage
Tyco Electronics Group SA						Securities Trust 2006-CIBC17
6.55%, 10/1/2017		38		45		5.43%, 12/12/2043		1,000		1,112
7.13%, 10/1/2037		41		51		JP Morgan Chase Commercial Mortgage
			$	4,267		Securities Trust 2006-LDP7
Mortgage Backed Securities - 1.63%						5.86%, 4/15/2045(a)		743		826
Banc of America Commercial Mortgage Trust						JP Morgan Chase Commercial Mortgage
2006-3						Securities Trust 2006-LDP8
5.89%, 7/10/2044		45		50		5.44%, 5/15/2045(a)		48		54
Banc of America Commercial Mortgage Trust						JP Morgan Chase Commercial Mortgage
2006-5						Securities Trust 2006-LDP9
5.41%, 9/10/2047(a)		1,486		1,653		5.34%, 5/15/2047		988		1,104
Banc of America Commercial Mortgage Trust						JP Morgan Chase Commercial Mortgage
2007-2						Securities Trust 2007-C1
5.63%, 4/10/2049		56		57		5.72%, 2/15/2051		20		23
Banc of America Commercial Mortgage Trust						JP Morgan Chase Commercial Mortgage
2008-1						Securities Trust 2007-LDP10
6.21%, 2/10/2051(a)		119		140		5.42%, 1/15/2049		446		502
Banc of America Merrill Lynch Commercial						JP Morgan Chase Commercial Mortgage
Mortgage Inc						Securities Trust 2011-C5
5.19%, 9/10/2047(a)		371		403		4.17%, 8/15/2046		743		811
Bear Stearns Commercial Mortgage Securities						LB Commercial Mortgage Trust 2007-C3
Trust 2006-PWR12						5.88%, 7/15/2044(a)		182		209
5.72%, 9/11/2038(a)		286		319		LB-UBS Commercial Mortgage Trust 2005-
Bear Stearns Commercial Mortgage Securities						C3
Trust 2006-PWR13						4.79%, 7/15/2040(a)		743		789
5.54%, 9/11/2041		371		415		4.84%, 7/15/2040		520		549
Bear Stearns Commercial Mortgage Securities						LB-UBS Commercial Mortgage Trust 2005-
Trust 2006-TOP24						C5
5.54%, 10/12/2041		561		630		5.02%, 9/15/2040		409		438
CD 2006-CD3 Mortgage Trust						LB-UBS Commercial Mortgage Trust 2005-
5.62%, 10/15/2048		238		266		C7
Citigroup Commercial Mortgage Trust 2004-						5.20%, 11/15/2030		371		401
C2						LB-UBS Commercial Mortgage Trust 2006-
4.73%, 10/15/2041		568		592		C3
						5.66%, 3/15/2039		371		410

See accompanying notes.

13

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
		Principal							Principal
	BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)		Amount (000's)			Value(000	's)
	Mortgage Backed Securities (continued)						Oil & Gas (continued)
	LB-UBS Commercial Mortgage Trust 2007-						BP Capital Markets PLC	(continued)
	C6						3.88%, 3/10/2015		$	345	$	363
	5.86%, 7/15/2040(a)	$	126	$	142		4.74%, 3/11/2021			372		419
	Merrill Lynch Mortgage Trust 2007-C1						4.75%, 3/10/2019			75		86
	5.85%, 6/12/2050(a)		223		254		Canadian Natural Resources Ltd
	Morgan Stanley Bank of America Merrill						5.70%, 5/15/2017			49		56
	Lynch Trust 2012-C6						6.25%, 3/15/2038			286		338
	2.86%, 11/15/2045(a)		500		489		Cenovus Energy Inc
	Morgan Stanley Capital I Trust 2005-IQ9						4.50%, 9/15/2014			123		129
	4.70%, 7/15/2056		984		1,035		5.70%, 10/15/2019			253		301
	Morgan Stanley Capital I Trust 2006-HQ8						6.75%, 11/15/2039			372		474
	5.42%, 3/12/2044(a)		743		808		CNOOC Finance 2013 Ltd
	Morgan Stanley Capital I Trust 2007-HQ12						1.13%, 5/9/2016			300		300
	5.58%, 4/12/2049(a)		390		403		1.75%, 5/9/2018			300		295
	5.58%, 4/12/2049(a)		802		881		3.00%, 5/9/2023			300		285
	Morgan Stanley Capital I Trust 2007-IQ13						4.25%, 5/9/2043			200		184
	5.36%, 3/15/2044(a)		290		326		ConocoPhillips
	Morgan Stanley Capital I Trust 2007-TOP25						4.60%, 1/15/2015			743		790
	5.51%, 11/12/2049		743		841		6.00%, 1/15/2020			272		333
	UBS Commercial Mortgage Trust 2012-C1						6.50%, 2/1/2039			491		643
	3.00%, 5/10/2045		287		297		ConocoPhillips Canada Funding Co I
	3.40%, 5/10/2045(a)		1,300		1,337		5.63%, 10/15/2016			223		256
	UBS-Barclays Commercial Mortgage Trust						ConocoPhillips Holding Co
	2012-C4						6.95%, 4/15/2029			398		527
	2.85%, 12/10/2045(a)		500		487		Devon Energy Corp
	Wachovia Bank Commercial Mortgage Trust						1.88%, 5/15/2017			298		299
	Series 2005-C22						5.60%, 7/15/2041			175		192
	5.29%, 12/15/2044(a)		371		404		6.30%, 1/15/2019			446		528
	Wachovia Bank Commercial Mortgage Trust						7.95%, 4/15/2032			268		366
	Series 2006-C23						Devon Financing Corp LLC
	5.42%, 1/15/2045		557		616		7.88%, 9/30/2031			372		500
	Wachovia Bank Commercial Mortgage Trust						Encana Corp
	Series 2006-C27						3.90%, 11/15/2021			500		525
	5.80%, 7/15/2045		858		955		5.90%, 12/1/2017			75		87
	Wachovia Bank Commercial Mortgage Trust						6.50%, 2/1/2038			194		231
	Series 2007-C34						Ensco PLC
	5.68%, 5/15/2046(a)		260		296		3.25%, 3/15/2016			149		158
				$	29,694		EOG Resources Inc
							2.63%, 3/15/2023			500		482
	Office & Business Equipment - 0.06%						4.40%, 6/1/2020			149		169
	Pitney Bowes Inc						EQT Corp
	5.75%, 9/15/2017		223		248		6.50%, 4/1/2018			369		425
	Xerox Corp						Hess Corp
	2.95%, 3/15/2017		446		457		5.60%, 2/15/2041			149		158
	4.25%, 2/15/2015		142		149		7.30%, 8/15/2031			312		390
	4.50%, 5/15/2021		149		158		8.13%, 2/15/2019			75		97
	5.63%, 12/15/2019		64		73		Husky Energy Inc
				$	1,085		5.90%, 6/15/2014			75		79
	Oil & Gas - 2.04%						Marathon Oil Corp
	Alberta Energy Co Ltd						5.90%, 3/15/2018			449		526
	7.38%, 11/1/2031		223		277		6.60%, 10/1/2037			67		83
	Anadarko Finance Co						Marathon Petroleum Corp
	7.50%, 5/1/2031		223		294		3.50%, 3/1/2016			223		237
	Anadarko Petroleum Corp						5.13%, 3/1/2021			223		256
	5.95%, 9/15/2016		517		589		Murphy Oil Corp
	6.20%, 3/15/2040		75		90		3.70%, 12/1/2022			500		487
	6.38%, 9/15/2017		664		783		Nabors Industries Inc
	6.45%, 9/15/2036		275		335		9.25%, 1/15/2019			523		661
	Apache Corp						Nexen Inc
	3.63%, 2/1/2021		223		236		6.40%, 5/15/2037			168		207
	4.75%, 4/15/2043		372		371		7.50%, 7/30/2039			45		62
	5.10%, 9/1/2040		268		280		Noble Energy Inc
	BP Capital Markets PLC						6.00%, 3/1/2041			298		352
	1.38%, 5/10/2018		600		589		Noble Holding International Ltd
	1.85%, 5/5/2017		200		203		2.50%, 3/15/2017			372		379
	2.75%, 5/10/2023		600		572		3.45%, 8/1/2015			75		78
	3.13%, 10/1/2015		149		157		6.20%, 8/1/2040			75		81
	3.20%, 3/11/2016		298		316		Occidental Petroleum Corp
	3.25%, 5/6/2022		200		201		4.13%, 6/1/2016			223		244

See accompanying notes.

14

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value	(000	's)
Oil & Gas (continued)						Oil & Gas (continued)
PC Financial Partnership						Valero Energy Corp
5.00%, 11/15/2014	$	75	$	79		4.50%, 2/1/2015	$	23	$		24
Pemex Project Funding Master Trust						6.13%, 2/1/2020		212			254
5.75%, 3/1/2018		409		464		6.63%, 6/15/2037		101			122
6.63%, 6/15/2035		104		119		7.50%, 4/15/2032		45			57
Petrobras Global Finance BV						9.38%, 3/15/2019		372			504
4.38%, 5/20/2023		500		482					$		37,031
Petrobras International Finance Co - Pifco
2.88%, 2/6/2015		572		580		Oil & Gas Services - 0.13%
3.88%, 1/27/2016		323		337		Baker Hughes Inc
5.38%, 1/27/2021		595		629		5.13%, 9/15/2040		434			491
5.75%, 1/20/2020		402		437		7.50%, 11/15/2018		38			49
5.88%, 3/1/2018		223		250		Cameron International Corp
6.75%, 1/27/2041		223		236		6.38%, 7/15/2018		446			534
6.88%, 1/20/2040		75		81		Halliburton Co
7.88%, 3/15/2019		336		406		3.25%, 11/15/2021		149			156
Petro-Canada						4.50%, 11/15/2041		149			157
6.80%, 5/15/2038		38		48		7.45%, 9/15/2039		30			43
Petroleos Mexicanos						Weatherford International Ltd/Bermuda
4.88%, 3/15/2015		306		323		5.13%, 9/15/2020		149			161
4.88%, 1/24/2022		1,115		1,187		6.00%, 3/15/2018		38			43
5.50%, 1/21/2021		602		668		6.75%, 9/15/2040		149			165
5.50%, 6/27/2044(d)		200		196		9.63%, 3/1/2019		476			619
5.50%, 6/27/2044		500		490					$		2,418
8.00%, 5/3/2019		91		113		Other Asset Backed Securities - 0.05%
Phillips 66						CenterPoint Energy Restoration Bond Co
2.95%, 5/1/2017		372		389		LLC
4.30%, 4/1/2022		372		401		3.46%, 8/15/2019		297			321
5.88%, 5/1/2042		372		433		Detroit Edison Securitization Funding LLC
Pioneer Natural Resources Co						6.62%, 3/1/2016		500			531
3.95%, 7/15/2022		300		310					$		852
Pride International Inc
6.88%, 8/15/2020		223		276		Pharmaceuticals - 1.01%
Rowan Cos Inc						Abbott Laboratories
5.00%, 9/1/2017		67		73		5.13%, 4/1/2019		500			583
Shell International Finance BV						AbbVie Inc
2.38%, 8/21/2022		200		192		1.20%, 11/6/2015(d)		500			502
3.10%, 6/28/2015		461		485		1.75%, 11/6/2017(d)		500			498
3.63%, 8/21/2042		200		185		2.00%, 11/6/2018(d)		400			399
4.30%, 9/22/2019		149		170		2.90%, 11/6/2022(d)		400			389
4.38%, 3/25/2020		75		85		4.40%, 11/6/2042(d)		400			391
5.50%, 3/25/2040		75		91		Actavis Inc
6.38%, 12/15/2038		127		169		3.25%, 10/1/2022		200			197
Statoil ASA						5.00%, 8/15/2014		186			195
1.15%, 5/15/2018		400		394		6.13%, 8/15/2019		38			45
2.65%, 1/15/2024		500		478		AstraZeneca PLC
3.15%, 1/23/2022		298		307		5.90%, 9/15/2017		223			264
3.95%, 5/15/2043		300		281		6.45%, 9/15/2037		416			528
5.10%, 8/17/2040		282		313		Bristol-Myers Squibb Co
5.25%, 4/15/2019		67		79		0.88%, 8/1/2017		300			295
Suncor Energy Inc						3.25%, 8/1/2042		200			170
6.10%, 6/1/2018		372		443		5.88%, 11/15/2036		18			22
6.50%, 6/15/2038		364		446		6.80%, 11/15/2026		75			100
6.85%, 6/1/2039		15		19		Cardinal Health Inc
Talisman Energy Inc						1.70%, 3/15/2018		400			396
5.13%, 5/15/2015		26		28		3.20%, 3/15/2023		300			292
6.25%, 2/1/2038		442		499		4.60%, 3/15/2043		200			191
Total Capital International SA						Eli Lilly & Co
0.75%, 1/25/2016		300		300		5.20%, 3/15/2017		476			542
2.88%, 2/17/2022		372		372		5.50%, 3/15/2027		200			241
Total Capital SA						Express Scripts Holding Co
3.00%, 6/24/2015		108		113		3.13%, 5/15/2016		372			393
4.25%, 12/15/2021		149		165		4.75%, 11/15/2021		223			249
Transocean Inc						6.13%, 11/15/2041		223			277
3.80%, 10/15/2022		500		492		GlaxoSmithKline Capital Inc
5.05%, 12/15/2016		700		775		2.80%, 3/18/2023		600			588
6.00%, 3/15/2018		446		511		5.65%, 5/15/2018		298			354
6.38%, 12/15/2021		223		260		6.38%, 5/15/2038		238			306
						GlaxoSmithKline Capital PLC
						0.75%, 5/8/2015		298			300

See accompanying notes.

15

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Pharmaceuticals (continued)							Pipelines (continued)
GlaxoSmithKline Capital PLC	(continued)						Kinder Morgan Energy Partners LP
2.85%, 5/8/2022		$	372	$	371		(continued)
Johnson & Johnson							6.38%, 3/1/2041	$	372	$	438
2.95%, 9/1/2020			372		390		6.50%, 9/1/2039		38		45
4.95%, 5/15/2033			149		173		6.95%, 1/15/2038		38		47
5.55%, 8/15/2017			372		438		7.40%, 3/15/2031		223		280
Medco Health Solutions Inc							9.00%, 2/1/2019		223		294
7.13%, 3/15/2018			491		603		Magellan Midstream Partners LP
Merck & Co Inc							4.20%, 12/1/2042		200		185
1.30%, 5/18/2018			500		494		ONEOK Partners LP
2.25%, 1/15/2016			149		155		3.38%, 10/1/2022		300		293
2.40%, 9/15/2022			400		384		6.13%, 2/1/2041		372		421
3.60%, 9/15/2042			200		179		8.63%, 3/1/2019		60		78
4.15%, 5/18/2043			500		487		Panhandle Eastern Pipe Line Co LP
6.55%, 9/15/2037			253		340		6.20%, 11/1/2017		236		278
Merck Sharp & Dohme Corp							Plains All American Pipeline LP / PAA
5.00%, 6/30/2019			446		523		Finance Corp
Novartis Capital Corp							3.65%, 6/1/2022		372		384
2.90%, 4/24/2015			223		233		3.95%, 9/15/2015		149		159
4.40%, 4/24/2020			223		253		4.30%, 1/31/2043		200		187
Novartis Securities Investment Ltd							5.75%, 1/15/2020		45		53
5.13%, 2/10/2019			186		218		Southern Natural Gas Co LLC
Pfizer Inc							5.90%, 4/1/2017(a),(d)		38		44
4.65%, 3/1/2018			149		170		Southern Natural Gas Co LLC / Southern
5.35%, 3/15/2015			449		485		Natural Issuing Corp
6.20%, 3/15/2019			810		999		4.40%, 6/15/2021		149		162
7.20%, 3/15/2039			439		619		Spectra Energy Capital LLC
Sanofi							8.00%, 10/1/2019		500		648
1.20%, 9/30/2014			372		376		Sunoco Logistics Partners Operations LP
2.63%, 3/29/2016			223		234		3.45%, 1/15/2023		200		193
Teva Pharmaceutical Finance Co LLC							4.95%, 1/15/2043		200		193
6.15%, 2/1/2036			149		186		5.50%, 2/15/2020		134		149
Teva Pharmaceutical Finance II BV / Teva							Tennessee Gas Pipeline Co LLC
Pharmaceutical Finance III LLC							7.50%, 4/1/2017		223		270
3.00%, 6/15/2015			572		597		TransCanada PipeLines Ltd
Wyeth LLC							3.80%, 10/1/2020		372		401
5.50%, 2/15/2016			223		251		6.10%, 6/1/2040		75		93
5.95%, 4/1/2037			264		323		6.50%, 8/15/2018		124		152
Zoetis Inc							7.25%, 8/15/2038		149		203
3.25%, 2/1/2023(d)			200		198		7.63%, 1/15/2039		335		475
				$	18,386		Williams Cos Inc/The
							7.50%, 1/15/2031		33		40
Pipelines - 0.73%							7.88%, 9/1/2021		372		468
Boardwalk Pipelines LP							Williams Partners LP
3.38%, 2/1/2023			300		288		3.80%, 2/15/2015		205		215
El Paso Pipeline Partners Operating Co LLC							5.25%, 3/15/2020		520		585
4.70%, 11/1/2042			300		284		6.30%, 4/15/2040		127		144
Enbridge Energy Partners LP										$	13,280
5.20%, 3/15/2020			26		29
9.88%, 3/1/2019			253		343		Regional Authority - 0.34%
Energy Transfer Partners LP							Japan Finance Organization for
5.20%, 2/1/2022			298		328		Municipalities
6.50%, 2/1/2042			298		336		5.00%, 5/16/2017		200		230
6.70%, 7/1/2018			67		80		Province of British Columbia
9.00%, 4/15/2019			18		24		1.20%, 4/25/2017		300		304
Enterprise Products Operating LLC							2.65%, 9/22/2021		223		228
1.25%, 8/13/2015			100		101		6.50%, 1/15/2026		52		70
3.20%, 2/1/2016			149		157		Province of Manitoba Canada
3.35%, 3/15/2023			500		495		2.63%, 7/15/2015		223		233
4.45%, 2/15/2043			300		282		Province of Nova Scotia Canada
5.20%, 9/1/2020			223		258		5.13%, 1/26/2017		119		137
6.13%, 10/15/2039			67		78		Province of Ontario Canada
6.45%, 9/1/2040			223		271		1.60%, 9/21/2016		600		614
6.50%, 1/31/2019			434		530		2.70%, 6/16/2015		372		388
6.88%, 3/1/2033			45		56		2.95%, 2/5/2015		1,006		1,048
Kinder Morgan Energy Partners LP							4.00%, 10/7/2019		223		250
3.50%, 3/1/2016			520		553		4.10%, 6/16/2014		283		294
3.50%, 9/1/2023			400		391		4.40%, 4/14/2020		149		171
4.15%, 3/1/2022			500		523		4.95%, 11/28/2016		520		592
5.00%, 3/1/2043			300		296		5.45%, 4/27/2016		298		338

See accompanying notes.

16

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
				Principal						Principal
	BONDS (continued)			Amount (000's)		Value(000	's)	BONDS (continued)		Amount (000's)		Value(000	's)
	Regional Authority (continued)							Retail - 0.75%
	Province of Quebec Canada							AutoZone Inc
	2.75%, 8/25/2021		$	669	$	681		4.00%, 11/15/2020	$	249	$	264
	5.13%, 11/14/2016			249		284		Costco Wholesale Corp
	7.50%, 9/15/2029			186		269		0.65%, 12/7/2015		400		401
	Province of Saskatchewan Canada							CVS Caremark Corp
	8.50%, 7/15/2022			19		27		2.75%, 12/1/2022		500		485
					$	6,158		3.25%, 5/18/2015		52		54
								5.75%, 6/1/2017		73		85
	REITS- 0.51	%						6.13%, 9/15/2039		231		285
	American Tower Corp							Darden Restaurants Inc
	4.70%, 3/15/2022			372		395		6.80%, 10/15/2037(a)		78		90
	7.00%, 10/15/2017			93		111		Gap Inc/The
	AvalonBay Communities Inc							5.95%, 4/12/2021		75		87
	2.85%, 3/15/2023			500		478		Home Depot Inc/The
	BioMed Realty LP							2.70%, 4/1/2023		500		487
	6.13%, 4/15/2020			19		22		5.40%, 3/1/2016		476		535
	Boston Properties LP							5.88%, 12/16/2036		308		376
	3.13%, 9/1/2023			400		388		5.95%, 4/1/2041		349		434
	4.13%, 5/15/2021			223		239		Kohl's Corp
	5.63%, 11/15/2020			75		88		4.00%, 11/1/2021		323		334
	Brandywine Operating Partnership LP							Lowe's Cos Inc
	3.95%, 2/15/2023			500		495		3.80%, 11/15/2021		298		319
	DDR Corp							4.63%, 4/15/2020		223		253
	4.63%, 7/15/2022			300		321		5.80%, 4/15/2040		223		264
	Digital Realty Trust LP							6.65%, 9/15/2037		38		49
	4.50%, 7/15/2015			160		169		Macy's Retail Holdings Inc
	Duke Realty LP							2.88%, 2/15/2023		400		382
	3.88%, 10/15/2022			200		200		4.30%, 2/15/2043		300		272
	7.38%, 2/15/2015			75		82		5.75%, 7/15/2014		149		157
	EPR Properties							5.90%, 12/1/2016		575		661
	7.75%, 7/15/2020			182		216		6.65%, 7/15/2024		75		92
	ERP Operating LP							6.90%, 4/1/2029		75		91
	3.00%, 4/15/2023			400		385		McDonald's Corp
	4.75%, 7/15/2020			149		166		3.50%, 7/15/2020		439		473
	HCP Inc							3.70%, 2/15/2042		372		343
	3.75%, 2/1/2016			149		159		4.88%, 7/15/2040		26		29
	5.38%, 2/1/2021			149		171		5.35%, 3/1/2018		104		122
	6.70%, 1/30/2018			45		54		6.30%, 10/15/2037		38		50
	Health Care REIT Inc							Nordstrom Inc
	6.13%, 4/15/2020			335		394		4.75%, 5/1/2020		104		118
	Hospitality Properties Trust							6.25%, 1/15/2018		38		45
	6.70%, 1/15/2018			223		253		Target Corp
	Host Hotels & Resorts LP							4.00%, 7/1/2042		400		380
	6.00%, 10/1/2021			300		344		6.00%, 1/15/2018		431		516
	Liberty Property LP							Walgreen Co
	3.38%, 6/15/2023			500		485		1.00%, 3/13/2015		500		502
	ProLogis LP							4.40%, 9/15/2042		300		286
	6.88%, 3/15/2020			516		624		5.25%, 1/15/2019		90		103
	7.63%, 8/15/2014			149		161		Wal-Mart Stores Inc
	Realty Income Corp							2.25%, 7/8/2015		75		78
	5.88%, 3/15/2035			149		172		2.55%, 4/11/2023		400		384
	Simon Property Group LP							2.80%, 4/15/2016		149		157
	2.15%, 9/15/2017			298		305		3.25%, 10/25/2020		149		158
	5.65%, 2/1/2020			138		164		3.63%, 7/8/2020		149		161
	5.75%, 12/1/2015			520		577		4.13%, 2/1/2019		298		333
	6.75%, 2/1/2040			75		100		4.25%, 4/15/2021		149		167
	10.35%, 4/1/2019			260		373		5.25%, 9/1/2035		300		342
	UDR Inc							5.63%, 4/1/2040		112		135
	5.25%, 1/15/2015			127		135		5.63%, 4/15/2041		520		627
	Ventas Realty LP / Ventas Capital Corp							5.80%, 2/15/2018		372		444
	2.70%, 4/1/2020			200		190		6.20%, 4/15/2038		75		96
	4.25%, 3/1/2022			372		394		6.50%, 8/15/2037		335		441
	Vornado Realty LP							7.55%, 2/15/2030		372		525
	4.25%, 4/1/2015			149		156		Yum! Brands Inc
	Weyerhaeuser Co							6.25%, 3/15/2018		86		102
	7.38%, 3/15/2032			300		397		6.88%, 11/15/2037		71		89
					$	9,363					$	13,663

See accompanying notes.

17

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Semiconductors - 0.07%						Sovereign (continued)
Intel Corp						Japan Bank for International
1.35%, 12/15/2017	$	500	$	497		Cooperation/Japan
3.30%, 10/1/2021		223		231		1.13%, 7/19/2017	$	500	$	498
4.80%, 10/1/2041		223		229		1.88%, 9/24/2015		200		206
National Semiconductor Corp						2.50%, 1/21/2016		300		314
3.95%, 4/15/2015		260		276		Mexico Government International Bond
			$	1,233		3.63%, 3/15/2022		200		207
						4.75%, 3/8/2044		1,474		1,463
Software - 0.27%						5.63%, 1/15/2017		542		612
Adobe Systems Inc						5.95%, 3/19/2019		226		268
4.75%, 2/1/2020		149		164		6.05%, 1/11/2040		766		908
BMC Software Inc						6.63%, 3/3/2015		321		350
4.50%, 12/1/2022		300		306		8.30%, 8/15/2031		112		165
Fidelity National Information Services Inc						Panama Government International Bond
2.00%, 4/15/2018		400		395		5.20%, 1/30/2020		446		512
Fiserv Inc						6.70%, 1/26/2036		214		273
3.50%, 10/1/2022		400		395		8.88%, 9/30/2027		223		335
Microsoft Corp						Peruvian Government International Bond
2.95%, 6/1/2014		372		382		5.63%, 11/18/2050		372		421
4.20%, 6/1/2019		335		379		6.55%, 3/14/2037		74		95
4.50%, 10/1/2040		200		211		7.13%, 3/30/2019		90		112
5.30%, 2/8/2041		223		264		7.35%, 7/21/2025		520		703
Oracle Corp						8.75%, 11/21/2033		123		192
3.75%, 7/8/2014		500		518		Philippine Government International Bond
3.88%, 7/15/2020		223		245		5.00%, 1/13/2037		500		558
5.00%, 7/8/2019		142		166		6.50%, 1/20/2020		400		490
5.25%, 1/15/2016		223		249		8.88%, 3/17/2015		400		452
5.38%, 7/15/2040		539		625		9.38%, 1/18/2017		400		503
5.75%, 4/15/2018		520		619		9.50%, 2/2/2030		800		1,278
			$	4,918		10.63%, 3/16/2025		800		1,316
Sovereign - 1.87%						Poland Government International Bond
Brazilian Government International Bond						3.88%, 7/16/2015		223		235
4.88%, 1/22/2021		743		834		5.00%, 3/23/2022		372		419
5.88%, 1/15/2019		298		348		5.13%, 4/21/2021		149		169
6.00%, 1/17/2017		300		341		6.38%, 7/15/2019		416		501
7.13%, 1/20/2037		610		799		Republic of Korea
8.00%, 1/15/2018		289		332		7.13%, 4/16/2019		90		114
8.25%, 1/20/2034		349		506		South Africa Government International Bond
8.88%, 10/14/2019		353		475		4.67%, 1/17/2024		400		415
12.25%, 3/6/2030		609		1,130		5.88%, 5/30/2022		200		230
12.75%, 1/15/2020		149		235		6.50%, 6/2/2014		60		63
10.50%, 7/14/2014		149		165		6.88%, 5/27/2019		345		411
11.00%, 8/17/2040		38		46		Svensk Exportkredit AB
Canada Government International Bond						3.25%, 9/16/2014		249		258
0.88%, 2/14/2017		745		747		5.13%, 3/1/2017		152		175
2.38%, 9/10/2014		300		308		Tennessee Valley Authority
Chile Government International Bond						4.50%, 4/1/2018		149		171
3.25%, 9/14/2021		520		534		5.25%, 9/15/2039		149		181
Colombia Government International Bond						5.38%, 4/1/2056		446		548
6.13%, 1/18/2041		300		359		6.75%, 11/1/2025		298		414
7.38%, 1/27/2017		300		357		Turkey Government International Bond
7.38%, 9/18/2037		200		273		3.25%, 3/23/2023		1,200		1,167
8.13%, 5/21/2024		149		206		4.88%, 4/16/2043		1,500		1,485
11.75%, 2/25/2020		520		792		7.00%, 9/26/2016		300		349
Export Development Canada						7.25%, 3/15/2015		500		549
2.25%, 5/28/2015		75		78		8.00%, 2/14/2034		800		1,120
Israel Government AID Bond						Uruguay Government International Bond
5.50%, 9/18/2023		75		94		4.13%, 11/20/2045		100		88
5.50%, 4/26/2024		75		95		6.88%, 9/28/2025		150		193
5.50%, 9/18/2033		38		48		8.00%, 11/18/2022		496		670
Israel Government International Bond									$	34,003
5.13%, 3/26/2019		428		498		Supranational Bank - 1.34%
Italy Government International Bond						African Development Bank
3.13%, 1/26/2015		676		696		1.25%, 9/2/2016		743		756
4.75%, 1/25/2016		500		532		Asian Development Bank
5.25%, 9/20/2016		387		420		1.13%, 3/15/2017		472		479
5.38%, 6/15/2033		186		194		2.50%, 3/15/2016		595		627
6.88%, 9/27/2023		338		405		2.63%, 2/9/2015		675		701
						4.25%, 10/20/2014		149		157

See accompanying notes.

18

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Supranational Bank (continued)							Telecommunications (continued)
Asian Development Bank	(continued)						AT&T Inc (continued)
5.82%, 6/16/2028		$	45	$	57		5.55%, 8/15/2041	$	223	$	246
6.38%, 10/1/2028			149		199		5.60%, 5/15/2018		402		475
Corp Andina de Fomento							6.15%, 9/15/2034		257		301
3.75%, 1/15/2016			12		13		6.30%, 1/15/2038		231		275
4.38%, 6/15/2022			68		72		6.50%, 9/1/2037		64		78
Council Of Europe Development Bank							6.55%, 2/15/2039		75		92
1.50%, 2/22/2017			372		380		Bellsouth Capital Funding Corp
2.75%, 2/10/2015			75		78		7.88%, 2/15/2030		216		276
European Bank for Reconstruction &							BellSouth Corp
Development							5.20%, 9/15/2014		743		786
1.00%, 2/16/2017			743		747		British Telecommunications PLC
2.50%, 3/15/2016			223		234		5.95%, 1/15/2018		110		129
2.75%, 4/20/2015			223		233		9.62%, 12/15/2030(a)		223		346
European Investment Bank							Cellco Partnership / Verizon Wireless Capital
1.00%, 3/15/2018			400		395		LLC
1.00%, 6/15/2018			600		590		8.50%, 11/15/2018		431		573
1.13%, 8/15/2014			1,400		1,413		Cisco Systems Inc
1.13%, 9/15/2017			1,500		1,497		4.45%, 1/15/2020		298		337
1.38%, 10/20/2015			500		510		4.95%, 2/15/2019		97		113
1.63%, 9/1/2015			743		761		5.50%, 2/22/2016		520		585
1.75%, 3/15/2017			372		383		5.90%, 2/15/2039		520		639
2.50%, 5/16/2016			298		314		Corning Inc
2.75%, 3/23/2015			743		774		4.75%, 3/15/2042		298		306
2.88%, 9/15/2020			743		783		Deutsche Telekom International Finance BV
3.13%, 6/4/2014			795		817		5.75%, 3/23/2016		223		251
4.88%, 2/16/2016			743		827		8.75%, 6/15/2030(a)		409		590
4.88%, 1/17/2017			900		1,026		Embarq Corp
4.88%, 2/15/2036			75		88		7.08%, 6/1/2016		298		342
5.13%, 9/13/2016			446		508		France Telecom SA
5.13%, 5/30/2017			298		346		4.13%, 9/14/2021		372		392
FMS Wertmanagement AoeR							4.38%, 7/8/2014		743		770
0.63%, 4/18/2016			500		500		5.38%, 1/13/2042		298		319
Inter-American Development Bank							8.50%, 3/1/2031(a)		435		622
1.13%, 3/15/2017			743		749		Harris Corp
2.25%, 7/15/2015			75		78		4.40%, 12/15/2020		149		159
3.88%, 9/17/2019			1,223		1,394		Juniper Networks Inc
3.88%, 2/14/2020			223		254		3.10%, 3/15/2016		223		232
4.25%, 9/14/2015			472		512		Pacific Bell Telephone Co
4.50%, 9/15/2014			223		235		7.13%, 3/15/2026		323		413
International Bank for Reconstruction &							Qwest Corp
Development							7.50%, 10/1/2014		223		242
1.00%, 9/15/2016			743		751		Rogers Communications Inc
1.13%, 8/25/2014			966		976		6.80%, 8/15/2018		312		385
2.13%, 3/15/2016			500		522		7.50%, 3/15/2015		45		50
2.38%, 5/26/2015			743		772		Telecom Italia Capital SA
7.63%, 1/19/2023			38		55		6.18%, 6/18/2014		572		597
International Finance Corp							6.38%, 11/15/2033		494		485
1.13%, 11/23/2016			672		681		7.00%, 6/4/2018		231		268
2.75%, 4/20/2015			400		418		Telefonica Emisiones SAU
Nordic Investment Bank							3.73%, 4/27/2015		100		104
5.00%, 2/1/2017			646		743		4.95%, 1/15/2015		535		563
				$	24,405		5.13%, 4/27/2020		487		520
							7.05%, 6/20/2036		515		589
Telecommunications - 1.42%							Verizon Communications Inc
America Movil SAB de CV							0.70%, 11/2/2015		300		299
2.38%, 9/8/2016			743		763		2.45%, 11/1/2022		200		187
3.13%, 7/16/2022			600		573		3.00%, 4/1/2016		743		782
3.63%, 3/30/2015			300		312		4.60%, 4/1/2021		223		248
5.00%, 3/30/2020			200		220		6.25%, 4/1/2037		34		40
5.63%, 11/15/2017			45		52		6.35%, 4/1/2019		438		534
6.13%, 3/30/2040			298		338		6.40%, 2/15/2038		632		762
AT&T Inc							6.90%, 4/15/2038		162		207
1.60%, 2/15/2017			372		374		7.75%, 12/1/2030		424		571
2.50%, 8/15/2015			706		731		8.75%, 11/1/2018		447		596
3.88%, 8/15/2021			223		239		Vodafone Group PLC
4.30%, 12/15/2042(d)			406		379
4.35%, 6/15/2045(d)			697		647		2.95%, 2/19/2023		300		289
							5.38%, 1/30/2015		298		320
5.35%, 9/1/2040			573		613		5.45%, 6/10/2019		520		610
5.50%, 2/1/2018			798		934

See accompanying notes.

19

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
				Principal						Principal
	BONDS (continued)			Amount (000's)		Value(000	's)	MUNICIPAL BONDS (continued)	Amount (000's)			Value	(000	's)
	Telecommunications (continued)							California (continued)
	Vodafone Group PLC (continued)							San Diego County Water Authority
	5.63%, 2/27/2017		$	442	$	505		6.14%, 5/1/2049	$	215	$		275
	6.15%, 2/27/2037			149		177		Santa Clara Valley Transportation Authority
					$	25,752		5.88%, 4/1/2032		75			90
								State of California
	Toys, Games & Hobbies - 0.00%							6.65%, 3/1/2022		225			278
	Hasbro Inc							7.30%, 10/1/2039		225			313
	6.35%, 3/15/2040			75		86		7.60%, 11/1/2040		520			765
								7.63%, 3/1/2040		820			1,191
	Transportation - 0.31%							University of California
	Burlington Northern Santa Fe LLC							1.80%, 7/1/2019		500			498
	4.40%, 3/15/2042			446		437		6.55%, 5/15/2048		150			193
	4.70%, 10/1/2019			97		111					$		5,592
	5.65%, 5/1/2017			156		180
	7.95%, 8/15/2030			223		305		Colorado - 0.02%
	Canadian National Railway Co							Denver City & County School District No
	1.45%, 12/15/2016			149		151		1 (credit support from ST AID WITHHLDG)
	2.25%, 11/15/2022			400		383		5.66%, 12/1/2033		300			367
	5.55%, 3/1/2019			45		54
	Canadian Pacific Railway Co							Connecticut - 0.01%
	4.45%, 3/15/2023			372		401		State of Connecticut
	CSX Corp							5.85%, 3/15/2032		75			93
	4.75%, 5/30/2042			423		429
	6.25%, 4/1/2015			30		33
	6.25%, 3/15/2018			238		284		Florida - 0.03%
	FedEx Corp							Florida Hurricane Catastrophe Fund Finance
								Corp
	2.63%, 8/1/2022			200		192		2.11%, 7/1/2018		500			498
	3.88%, 8/1/2042			200		183
	Norfolk Southern Corp
	3.25%, 12/1/2021			149		153		Georgia - 0.02%
	4.84%, 10/1/2041			567		594		Municipal Electric Authority of Georgia
	5.26%, 9/17/2014			298		315		6.64%, 4/1/2057		149			170
	Ryder System Inc							State of Georgia
	2.35%, 2/26/2019			400		396		4.50%, 11/1/2025		225			256
	3.15%, 3/2/2015			149		154					$		426
	Union Pacific Corp
	4.16%, 7/15/2022			121		133		Illinois - 0.15%
	4.75%, 9/15/2041			223		236		Chicago Transit Authority
	United Parcel Service Inc							6.20%, 12/1/2040		220			256
	3.13%, 1/15/2021			372		390		6.90%, 12/1/2040		275			343
	4.88%, 11/15/2040			75		83		City of Chicago IL Waterworks Revenue
	6.20%, 1/15/2038			67		87		6.74%, 11/1/2040		430			564
					$	5,684		County of Cook IL
								6.23%, 11/15/2034		298			332
	Trucking & Leasing - 0.02%							State of Illinois
	GATX Corp							4.95%, 6/1/2023		95			99
	4.75%, 6/15/2022			300		320		4.96%, 3/1/2016		225			244
								5.10%, 6/1/2033		115			116
								5.67%, 3/1/2018		500			567
	Water- 0.02	%						7.35%, 7/1/2035		220			265
	American Water Capital Corp
	6.09%, 10/15/2017			223		262					$		2,786
	6.59%, 10/15/2037			15		19		Kansas - 0.00%
					$	281		Kansas State Department of Transportation
	TOTAL BONDS				$	597,743		4.60%, 9/1/2035		55			61
				Principal
	MUNICIPAL BONDS - 0.99%			Amount (000's)		Value(000	's)	Nevada - 0.02%
	California - 0.32%							County of Clark NV Airport System Revenue
	Bay Area Toll Authority							6.82%, 7/1/2045		75			104
	6.26%, 4/1/2049		$	300	$	402		6.88%, 7/1/2042		215			251
	6.92%, 4/1/2040			310		410					$		355
	East Bay Municipal Utility District
	5.87%, 6/1/2040			180		229		New Jersey - 0.06%
								New Jersey Economic Development
	Los Angeles Department of Water & Power							Authority (credit support from AGM)
	6.01%, 7/1/2039			175		213		0.00%, 2/15/2023(c)		149			103
	Los Angeles Unified School District/CA							New Jersey State Turnpike Authority
	5.75%, 7/1/2034			245		292		7.10%, 1/1/2041		428			602
	5.76%, 7/1/2029			150		178
	6.76%, 7/1/2034			200		265

See accompanying notes.

20

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
			Principal						Principal
	MUNICIPAL BONDS (continued)		Amount (000's)			Value(000	's)	MUNICIPAL BONDS (continued)	Amount (000's)				Value(000	's)
	New Jersey (continued)							Wisconsin - 0.01%
	New Jersey Transportation Trust Fund							State of Wisconsin (credit support from
	Authority							AGM)
	6.56%, 12/15/2040		$	246	$	323		5.70%, 5/1/2026		$	150	$	184
					$	1,028
								TOTAL MUNICIPAL BONDS				$	18,002
	New York - 0.15%							U.S. GOVERNMENT & GOVERNMENT		Principal
	City of New York NY
	5.52%, 10/1/2037			75		89		AGENCY OBLIGATIONS - 64.44%	Amount (000's)				Value(000	's)
	Metropolitan Transportation Authority							Federal Home Loan Mortgage Corporation (FHLMC) -7.67%
	6.55%, 11/15/2031			200		250
	6.65%, 11/15/2039			300		373		2.50%, 4/1/2027		$	83	$	85
	6.81%, 11/15/2040			405		529		2.50%, 8/1/2027			900		919
	New York City Transitional Finance Authority							2.50%, 8/1/2027			691		705
	Future Tax Secured Revenue							2.50%, 12/1/2027			170		174
	5.51%, 8/1/2037			350		418		2.50%, 3/1/2028			989		1,009
								2.50%, 6/1/2028(e)			5,425		5,528
	New York City Water & Sewer System							2.50%, 6/1/2043(e)			500		478
	5.72%, 6/15/2042			505		632		2.61%, 4/1/2038(a)			22		23
	New York State Dormitory Authority							2.64%, 1/1/2042(a)			245		256
	5.60%, 3/15/2040			175		212		2.72%, 6/1/2037(a)			94		101
	Port Authority of New York & New Jersey							2.81%, 2/1/2037(a)			40		42
	4.46%, 10/1/2062			300		295		2.97%, 6/1/2037(a)			198		212
	Port Authority of New York & New
	Jersey (credit support from GO OF AUTH)							3.00%, 2/1/2027			590		616
	6.04%, 12/1/2029			150		190		3.00%, 2/1/2027			856		894
					$	2,988		3.00%, 3/1/2027			877		915
								3.00%, 6/1/2027			2,508		2,617
	Ohio- 0.03	%						3.00%, 6/1/2028(e)			1,100		1,142
	American Municipal Power Inc							3.00%, 2/1/2032			640		654
	7.50%, 2/15/2050			225		298		3.00%, 9/1/2032			285		292
	Ohio State University/The							3.00%, 4/1/2033			496		507
	4.91%, 6/1/2040			175		195		3.00%, 4/1/2033			498		509
					$	493		3.00%, 5/1/2043			1,200		1,203
								3.00%, 6/1/2043(e)			12,200		12,215
	Puerto Rico - 0.01%							3.50%, 10/1/2025			129		135
	Government Development Bank for Puerto							3.50%, 10/1/2025			81		85
	Rico							3.50%, 11/1/2025			277		291
	4.70%, 5/1/2016			225		226		3.50%, 11/1/2025			36		38
								3.50%, 11/1/2025			56		59
	Texas- 0.14	%						3.50%, 11/1/2025			199		212
	City Public Service Board of San Antonio TX							3.50%, 11/1/2025			92		97
	5.81%, 2/1/2041			265		334		3.50%, 12/1/2025			238		249
	Dallas Area Rapid Transit							3.50%, 1/1/2026			153		160
	5.02%, 12/1/2048			150		170		3.50%, 2/1/2026			126		132
	Dallas Convention Center Hotel Development							3.50%, 4/1/2026			322		337
	Corp							3.50%, 6/1/2026			71		74
	7.09%, 1/1/2042			210		259		3.50%, 6/1/2026			53		56
	Dallas County Hospital District							3.50%, 7/1/2026			244		256
	5.62%, 8/15/2044			242		295		3.50%, 7/1/2026			330		346
	Dallas Independent School District (credit							3.50%, 7/1/2026			48		50
	support from PSF-GTD)							3.50%, 8/1/2026			198		208
	6.45%, 2/15/2035			150		182		3.50%, 9/1/2026			118		124
	State of Texas							3.50%, 10/1/2026			153		161
	4.68%, 4/1/2040			300		333		3.50%, 1/1/2027			320		335
	5.52%, 4/1/2039			390		482		3.50%, 6/1/2027(e)			500		524
	Texas Transportation Commission							3.50%, 2/1/2032			594		621
	5.18%, 4/1/2030			375		448		3.50%, 4/1/2032			646		674
					$	2,503		3.50%, 8/1/2032			375		392
								3.50%, 2/1/2041			255		263
	Utah- 0.02	%						3.50%, 10/1/2041			258		267
	State of Utah							3.50%, 11/1/2041			246		255
	3.54%, 7/1/2025			300		321		3.50%, 1/1/2042			532		550
								3.50%, 2/1/2042			221		228
	Washington - 0.00%							3.50%, 3/1/2042			271		280
	State of Washington							3.50%, 3/1/2042			66		68
	5.09%, 8/1/2033			70		81		3.50%, 4/1/2042			658		681
								3.50%, 4/1/2042			694		718
								3.50%, 4/1/2042			682		708
								3.50%, 4/1/2042			620		641
								3.50%, 6/1/2042			436		451
								3.50%, 6/1/2042			1,793		1,854

See accompanying notes.

21

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal Home Loan Mortgage Corporation (FHLMC)(continued)						Federal Home Loan Mortgage Corporation (FHLMC)(continued)
3.50%, 8/1/2042	$	444	$	459		4.50%, 7/1/2024	$	108	$	115
3.50%, 8/1/2042		832		860		4.50%, 9/1/2024		160		171
3.50%, 6/1/2043(e)		6,100		6,300		4.50%, 9/1/2024		139		146
4.00%, 6/1/2014		22		23		4.50%, 4/1/2025		174		184
4.00%, 4/1/2019		136		143		4.50%, 5/1/2025		127		134
4.00%, 7/1/2024		207		218		4.50%, 7/1/2025		206		221
4.00%, 12/1/2024		70		76		4.50%, 8/1/2025		672		713
4.00%, 1/1/2025		206		218		4.50%, 2/1/2030		160		171
4.00%, 2/1/2025		191		201		4.50%, 8/1/2030		126		134
4.00%, 3/1/2025		161		169		4.50%, 5/1/2031		146		159
4.00%, 3/1/2025		124		131		4.50%, 5/1/2034		12		13
4.00%, 4/1/2025		178		188		4.50%, 8/1/2036		152		162
4.00%, 6/1/2025		164		173		4.50%, 2/1/2039		493		523
4.00%, 6/1/2025		175		185		4.50%, 3/1/2039		239		260
4.00%, 7/1/2025		61		64		4.50%, 4/1/2039		727		771
4.00%, 8/1/2025		155		168		4.50%, 5/1/2039		373		396
4.00%, 8/1/2025		107		113		4.50%, 6/1/2039		382		405
4.00%, 9/1/2025		35		37		4.50%, 9/1/2039		1,122		1,190
4.00%, 10/1/2025		422		445		4.50%, 10/1/2039		459		503
4.00%, 2/1/2026		190		201		4.50%, 11/1/2039		341		361
4.00%, 3/1/2026		16		17		4.50%, 11/1/2039		525		557
4.00%, 5/1/2026		457		483		4.50%, 11/1/2039		426		452
4.00%, 7/1/2026		295		312		4.50%, 12/1/2039		577		632
4.00%, 6/1/2028(e)		900		949		4.50%, 12/1/2039		231		245
4.00%, 12/1/2030		392		416		4.50%, 2/1/2040		475		521
4.00%, 8/1/2031		442		469		4.50%, 2/1/2040		86		91
4.00%, 10/1/2031		574		610		4.50%, 2/1/2040		411		436
4.00%, 11/1/2031		174		185		4.50%, 2/1/2040		491		538
4.00%, 12/1/2031		281		298		4.50%, 4/1/2040		481		511
4.00%, 7/1/2039		214		232		4.50%, 5/1/2040		461		501
4.00%, 9/1/2039		122		132		4.50%, 5/1/2040		173		184
4.00%, 12/1/2039		201		211		4.50%, 6/1/2040		639		678
4.00%, 12/1/2039		111		117		4.50%, 7/1/2040		343		373
4.00%, 1/1/2040		177		187		4.50%, 7/1/2040		347		378
4.00%, 3/1/2040		116		122		4.50%, 8/1/2040		173		184
4.00%, 9/1/2040		215		226		4.50%, 8/1/2040		664		718
4.00%, 10/1/2040		222		234		4.50%, 8/1/2040		1,026		1,089
4.00%, 10/1/2040		21		22		4.50%, 8/1/2040		337		358
4.00%, 10/1/2040		520		555		4.50%, 8/1/2040		216		233
4.00%, 12/1/2040		304		328		4.50%, 9/1/2040		100		107
4.00%, 12/1/2040		278		292		4.50%, 9/1/2040		159		169
4.00%, 12/1/2040		316		342		4.50%, 2/1/2041		14		15
4.00%, 12/1/2040		222		233		4.50%, 2/1/2041		316		335
4.00%, 12/1/2040		566		595		4.50%, 3/1/2041		429		456
4.00%, 2/1/2041		507		533		4.50%, 3/1/2041		25		27
4.00%, 2/1/2041		619		650		4.50%, 3/1/2041		689		733
4.00%, 4/1/2041		257		270		4.50%, 3/1/2041		500		532
4.00%, 7/1/2041		208		219		4.50%, 4/1/2041		257		272
4.00%, 8/1/2041		578		608		4.50%, 4/1/2041		601		640
4.00%, 8/1/2041		203		213		4.50%, 5/1/2041		641		681
4.00%, 10/1/2041		274		288		4.50%, 5/1/2041		215		229
4.00%, 10/1/2041		79		83		4.50%, 6/1/2041		308		333
4.00%, 10/1/2041		677		712		4.50%, 6/1/2041		432		458
4.00%, 10/1/2041		303		318		4.50%, 6/1/2041		266		283
4.00%, 10/1/2041		665		699		4.50%, 7/1/2041		403		428
4.00%, 11/1/2041		454		477		4.50%, 7/1/2041		428		455
4.00%, 11/1/2041		606		638		4.50%, 7/1/2041		11		12
4.00%, 11/1/2041		371		390		4.50%, 8/1/2041		351		373
4.00%, 12/1/2041		749		787		4.50%, 10/1/2041		519		552
4.00%, 3/1/2042		632		668		4.50%, 6/1/2043(e)		600		636
4.00%, 6/1/2043(e)		4,200		4,415		4.90%, 6/1/2038(a)		40		43
4.50%, 11/1/2018		136		144		5.00%, 10/1/2017		277		293
4.50%, 4/1/2019		3		3		5.00%, 12/1/2017		349		371
4.50%, 4/1/2019		113		120		5.00%, 5/1/2018		50		53
4.50%, 6/1/2019		11		12		5.00%, 8/1/2018		82		87
4.50%, 4/1/2023		96		101		5.00%, 4/1/2019		56		60
4.50%, 1/1/2024		55		59		5.00%, 12/1/2019		173		184
4.50%, 1/1/2024		129		139		5.00%, 6/1/2020		251		269
4.50%, 4/1/2024		497		528		5.00%, 4/1/2021		393		422

See accompanying notes.

22

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal Home Loan Mortgage Corporation (FHLMC)(continued)						Federal Home Loan Mortgage Corporation (FHLMC)(continued)
5.00%, 2/1/2022	$	61	$	66		5.50%, 5/1/2036	$	260	$	281
5.00%, 9/1/2022		78		84		5.50%, 5/1/2036		76		82
5.00%, 6/1/2023		58		63		5.50%, 7/1/2036		239		258
5.00%, 7/1/2024		75		81		5.50%, 11/1/2036		164		177
5.00%, 6/1/2025		83		88		5.50%, 2/1/2037		11		11
5.00%, 6/1/2028		501		538		5.50%, 2/1/2037		547		588
5.00%, 6/1/2028(e)		300		318		5.50%, 3/1/2037		261		282
5.00%, 2/1/2030		76		81		5.50%, 7/1/2037		153		165
5.00%, 3/1/2030		55		58		5.50%, 7/1/2037		25		27
5.00%, 8/1/2033		410		442		5.50%, 9/1/2037		87		93
5.00%, 8/1/2033		79		85		5.50%, 11/1/2037		103		111
5.00%, 9/1/2033		173		186		5.50%, 1/1/2038		425		459
5.00%, 3/1/2034		94		101		5.50%, 1/1/2038		84		90
5.00%, 4/1/2034		208		223		5.50%, 2/1/2038		10		11
5.00%, 5/1/2034		263		283		5.50%, 4/1/2038		4		4
5.00%, 5/1/2035		379		405		5.50%, 4/1/2038		25		27
5.00%, 8/1/2035		114		123		5.50%, 4/1/2038		35		38
5.00%, 8/1/2035		51		54		5.50%, 5/1/2038		80		86
5.00%, 9/1/2035		156		168		5.50%, 5/1/2038		46		50
5.00%, 9/1/2035		366		392		5.50%, 6/1/2038		29		31
5.00%, 10/1/2035		162		174		5.50%, 6/1/2038		104		112
5.00%, 12/1/2035		542		582		5.50%, 7/1/2038		55		59
5.00%, 12/1/2035		354		380		5.50%, 7/1/2038		246		266
5.00%, 1/1/2036		96		103		5.50%, 8/1/2038		371		400
5.00%, 4/1/2036		17		19		5.50%, 9/1/2038		95		102
5.00%, 8/1/2036		279		298		5.50%, 10/1/2038		33		36
5.00%, 11/1/2036		926		994		5.50%, 11/1/2038		65		70
5.00%, 5/1/2037		64		68		5.50%, 12/1/2038		660		710
5.00%, 2/1/2038		236		252		5.50%, 1/1/2039		474		510
5.00%, 6/1/2038		81		86		5.50%, 1/1/2039		194		209
5.00%, 9/1/2038		22		23		5.50%, 4/1/2039		255		279
5.00%, 1/1/2039		354		379		5.50%, 12/1/2039		372		400
5.00%, 2/1/2039		105		112		5.50%, 1/1/2040		276		302
5.00%, 2/1/2039		196		209		5.50%, 3/1/2040		54		58
5.00%, 3/1/2039		257		282		5.50%, 6/1/2040		407		438
5.00%, 7/1/2039		283		308		5.50%, 6/1/2043(e)		3,700		3,979
5.00%, 8/1/2039		16		17		6.00%, 7/1/2017		3		3
5.00%, 9/1/2039		485		532		6.00%, 5/1/2021		16		16
5.00%, 10/1/2039		287		317		6.00%, 11/1/2022		50		55
5.00%, 1/1/2040		559		614		6.00%, 2/1/2027		133		145
5.00%, 3/1/2040		104		112		6.00%, 7/1/2029		19		20
5.00%, 7/1/2040		368		396		6.00%, 7/1/2029		7		8
5.00%, 7/1/2040		395		426		6.00%, 2/1/2031		14		15
5.00%, 8/1/2040		304		333		6.00%, 12/1/2031		20		22
5.00%, 8/1/2040		998		1,091		6.00%, 1/1/2032		202		224
5.00%, 9/1/2040		39		42		6.00%, 6/1/2034		268		298
5.00%, 4/1/2041		328		358		6.00%, 8/1/2034		44		49
5.00%, 5/1/2041		83		88		6.00%, 6/1/2035		4		4
5.00%, 9/1/2041		494		540		6.00%, 5/1/2036		220		241
5.00%, 10/1/2041		505		550		6.00%, 6/1/2036		256		281
5.00%, 6/1/2043(e)		4,300		4,596		6.00%, 11/1/2036		18		19
5.50%, 10/1/2016		47		50		6.00%, 11/1/2036		396		430
5.50%, 2/1/2017		59		63		6.00%, 12/1/2036		678		738
5.50%, 12/1/2017		219		233		6.00%, 2/1/2037		29		31
5.50%, 1/1/2018		110		118		6.00%, 5/1/2037		27		30
5.50%, 1/1/2018		26		27		6.00%, 10/1/2037		190		206
5.50%, 1/1/2022		62		67		6.00%, 10/1/2037		107		117
5.50%, 12/1/2032		239		259		6.00%, 11/1/2037		219		238
5.50%, 3/1/2033		30		32		6.00%, 12/1/2037		468		508
5.50%, 12/1/2033		15		16		6.00%, 12/1/2037		40		43
5.50%, 1/1/2034		549		595		6.00%, 1/1/2038		220		239
5.50%, 1/1/2034		94		102		6.00%, 1/1/2038		633		688
5.50%, 3/1/2034		254		273		6.00%, 1/1/2038		176		191
5.50%, 10/1/2034		19		20		6.00%, 1/1/2038		174		191
5.50%, 10/1/2034		112		122		6.00%, 1/1/2038		47		51
5.50%, 2/1/2035		13		14		6.00%, 1/1/2038(a)		47		52
5.50%, 2/1/2035		208		225		6.00%, 4/1/2038		23		25
5.50%, 3/1/2035		140		151		6.00%, 5/1/2038		233		256
5.50%, 11/1/2035		237		256		6.00%, 6/1/2038		350		381

See accompanying notes.

23

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal Home Loan Mortgage Corporation (FHLMC)(continued)
						Federal National Mortgage Association (FNMA) (continued)
						3.00%, 7/1/2027	$	1,172	$	1,222
6.00%, 7/1/2038	$	156	$	170		3.00%, 8/1/2027		877		913
6.00%, 7/1/2038		103		112		3.00%, 1/1/2033		1,955		1,998
6.00%, 7/1/2038		5		5		3.00%, 4/1/2033		1,985		2,029
6.00%, 8/1/2038		76		83
6.00%, 9/1/2038		103		113		3.00%, 4/1/2042		788		793
						3.00%, 4/1/2043		1,300		1,307
6.00%, 9/1/2038		85		92		3.00%, 5/1/2043		1,300		1,307
6.00%, 11/1/2038		379		420		3.00%, 6/1/2043(e)		22,600		22,699
6.00%, 12/1/2039		37		41		3.03%, 12/1/2041(a)		269		282
6.50%, 12/1/2015		1		1		3.19%, 6/1/2040(a)		142		149
6.50%, 6/1/2017		33		35		3.26%, 12/1/2039(a)		230		245
6.50%, 4/1/2028		3		3		3.26%, 7/1/2040(a)		334		354
6.50%, 3/1/2029		4		5		3.27%, 12/1/2040(a)		183		193
6.50%, 5/1/2031		25		28		3.32%, 3/1/2040(a)		126		134
6.50%, 6/1/2031		4		4		3.44%, 1/1/2040(a)		213		224
6.50%, 6/1/2031		1		1		3.48%, 2/1/2041(a)		159		167
6.50%, 10/1/2031		2		2
6.50%, 2/1/2032		2		3		3.50%, 8/1/2020		438		461
						3.50%, 10/1/2020		177		187
6.50%, 5/1/2032		4		5		3.50%, 11/1/2020		341		360
6.50%, 4/1/2035		17		20
6.50%, 3/1/2036		61		69		3.50%, 8/1/2025		169		177
						3.50%, 10/1/2025		122		129
6.50%, 9/1/2036		78		89		3.50%, 11/1/2025		139		146
6.50%, 8/1/2037		23		26
6.50%, 10/1/2037		132		149		3.50%, 12/1/2025		168		176
						3.50%, 12/1/2025		237		253
6.50%, 11/1/2037		125		140		3.50%, 1/1/2026		482		507
6.50%, 12/1/2037		20		22
6.50%, 2/1/2038		27		30		3.50%, 2/1/2026		317		334
						3.50%, 5/1/2026		75		79
6.50%, 9/1/2038		137		155		3.50%, 6/1/2026		368		387
6.50%, 9/1/2038		161		175
6.50%, 10/1/2038		30		34		3.50%, 7/1/2026		62		66
						3.50%, 8/1/2026		578		608
6.50%, 1/1/2039		104		118		3.50%, 9/1/2026		455		479
6.50%, 9/1/2039		154		174
7.00%, 10/1/2029		4		5		3.50%, 10/1/2026		228		240
						3.50%, 12/1/2026		679		715
7.00%, 11/1/2030		2		2		3.50%, 1/1/2027		731		769
7.00%, 1/1/2031		1		2		3.50%, 1/1/2027		453		476
7.00%, 9/1/2031		30		36		3.50%, 6/1/2028 (e)		1,300		1,367
7.00%, 1/1/2032		3		4		3.50%, 1/1/2031		80		83
7.00%, 9/1/2038		63		72
7.50%, 12/1/2015		2		2		3.50%, 4/1/2031		149		155
						3.50%, 4/1/2032		97		101
7.50%, 7/1/2029		103		124		3.50%, 4/1/2032		613		640
7.50%, 1/1/2030		3		4
7.50%, 2/1/2030		1		1		3.50%, 5/1/2032		1,283		1,339
						3.50%, 7/1/2032		381		397
7.50%, 7/1/2030		1		1		3.50%, 9/1/2032		554		578
7.50%, 8/1/2030		1		1
7.50%, 10/1/2030		11		13		3.50%, 10/1/2040		77		79
						3.50%, 11/1/2040		248		257
7.50%, 12/1/2030		1		1		3.50%, 12/1/2040		276		286
			$	139,559		3.50%, 1/1/2041		177		183
Federal National Mortgage Association (FNMA) - 13.30%						3.50%, 2/1/2041		105		109
2.50%, 11/1/2026		861		880		3.50%, 2/1/2041		111		115
2.50%, 5/1/2027		27		28		3.50%, 3/1/2041		403		418
2.50%, 6/1/2027(e)		11,800		12,040		3.50%, 3/1/2041		630		653
2.50%, 7/1/2027		177		180		3.50%, 10/1/2041		1,067		1,105
2.50%, 1/1/2028		29		30		3.50%, 12/1/2041		1,071		1,109
2.50%, 4/1/2038(a)		84		90		3.50%, 1/1/2042		571		592
2.50%, 6/1/2043(e)		900		864		3.50%, 1/1/2042		596		617
2.51%, 7/1/2041		258		269		3.50%, 1/1/2042		675		699
2.52%, 4/1/2037(a)		73		78		3.50%, 2/1/2042		153		158
2.60%, 2/1/2042(a)		445		463		3.50%, 2/1/2042		247		256
2.79%, 10/1/2047(a)		53		56		3.50%, 3/1/2042		341		353
2.82%, 2/1/2042(a)		289		303		3.50%, 3/1/2042		639		663
2.83%, 1/1/2042(a)		553		580		3.50%, 3/1/2042		893		932
3.00%, 9/1/2026		467		487		3.50%, 3/1/2042		286		296
3.00%, 11/1/2026		528		550		3.50%, 3/1/2042		616		639
3.00%, 11/1/2026		733		763		3.50%, 3/1/2042		610		632
3.00%, 1/1/2027		363		378		3.50%, 4/1/2042		594		616
3.00%, 2/1/2027		330		346		3.50%, 4/1/2042		481		499
3.00%, 4/1/2027		555		578		3.50%, 4/1/2042		545		565
3.00%, 4/1/2027		584		609		3.50%, 5/1/2042		248		257
3.00%, 6/1/2027(e)		3,300		3,434		3.50%, 5/1/2042		691		716

See accompanying notes.

24

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
3.50%, 7/1/2042	$	1,645	$	1,705		4.00%, 10/1/2040	$	176	$	186
3.50%, 8/1/2042		637		660		4.00%, 10/1/2040		251		265
3.50%, 9/1/2042		623		646		4.00%, 11/1/2040		132		139
3.50%, 10/1/2042		983		1,019		4.00%, 12/1/2040		311		333
3.50%, 5/1/2043		1,199		1,244		4.00%, 12/1/2040		473		499
3.50%, 6/1/2043(e)		11,800		12,219		4.00%, 12/1/2040		140		147
3.57%, 8/1/2040(a)		153		162		4.00%, 12/1/2040		370		390
3.57%, 5/1/2041(a)		178		187		4.00%, 12/1/2040		551		581
3.62%, 5/1/2041(a)		194		205		4.00%, 1/1/2041		49		51
3.69%, 2/1/2040(a)		225		239		4.00%, 1/1/2041		222		234
4.00%, 4/1/2014		50		53		4.00%, 1/1/2041		2,245		2,367
4.00%, 5/1/2014		14		15		4.00%, 1/1/2041		386		407
4.00%, 9/1/2018		468		498		4.00%, 1/1/2041		614		647
4.00%, 5/1/2024		117		125		4.00%, 2/1/2041		904		956
4.00%, 5/1/2024		125		133		4.00%, 2/1/2041		360		380
4.00%, 7/1/2024		164		174		4.00%, 2/1/2041		548		578
4.00%, 7/1/2024		257		273		4.00%, 2/1/2041		284		300
4.00%, 9/1/2024		91		98		4.00%, 2/1/2041		553		584
4.00%, 11/1/2024		249		264		4.00%, 3/1/2041		542		573
4.00%, 11/1/2024		48		51		4.00%, 3/1/2041		263		277
4.00%, 1/1/2025		175		186		4.00%, 8/1/2041		171		180
4.00%, 3/1/2025		187		198		4.00%, 9/1/2041		981		1,036
4.00%, 4/1/2025		54		57		4.00%, 9/1/2041		1,113		1,174
4.00%, 5/1/2025		57		61		4.00%, 10/1/2041		503		531
4.00%, 5/1/2025		173		184		4.00%, 10/1/2041		1,051		1,110
4.00%, 5/1/2025		134		143		4.00%, 10/1/2041		93		98
4.00%, 5/1/2025		173		184		4.00%, 11/1/2041		543		573
4.00%, 5/1/2025		36		38		4.00%, 11/1/2041		188		199
4.00%, 6/1/2025		82		87		4.00%, 11/1/2041		775		819
4.00%, 6/1/2025		116		124		4.00%, 11/1/2041		450		475
4.00%, 8/1/2025		125		133		4.00%, 12/1/2041		506		535
4.00%, 9/1/2025		205		218		4.00%, 12/1/2041		486		513
4.00%, 11/1/2025		247		262		4.00%, 12/1/2041		1,395		1,473
4.00%, 12/1/2025		265		282		4.00%, 12/1/2041		490		517
4.00%, 1/1/2026		134		142		4.00%, 12/1/2041		746		788
4.00%, 3/1/2026		403		428		4.00%, 1/1/2042		544		574
4.00%, 3/1/2026		34		36		4.00%, 1/1/2042		698		737
4.00%, 5/1/2026		228		242		4.00%, 2/1/2042		343		364
4.00%, 6/1/2026		219		235		4.00%, 6/1/2043(e)		4,700		4,954
4.00%, 7/1/2026		198		211		4.50%, 11/1/2014		199		212
4.00%, 9/1/2026		453		481		4.50%, 2/1/2018		177		189
4.00%, 6/1/2028(e)		800		849		4.50%, 5/1/2018		283		302
4.00%, 4/1/2029		62		66		4.50%, 3/1/2019		239		254
4.00%, 10/1/2030		163		173		4.50%, 5/1/2019		303		323
4.00%, 12/1/2030		231		245		4.50%, 9/1/2020		52		56
4.00%, 2/1/2031		413		438		4.50%, 12/1/2020		403		431
4.00%, 7/1/2031		266		282		4.50%, 5/1/2022		142		152
4.00%, 10/1/2031		127		135		4.50%, 2/1/2024		31		33
4.00%, 11/1/2031		227		241		4.50%, 4/1/2024		20		21
4.00%, 12/1/2031		180		191		4.50%, 4/1/2024		26		28
4.00%, 1/1/2032		287		307		4.50%, 11/1/2024		92		99
4.00%, 3/1/2039		98		103		4.50%, 12/1/2024		108		115
4.00%, 5/1/2039		15		16		4.50%, 12/1/2024		181		198
4.00%, 8/1/2039		264		279		4.50%, 2/1/2025		184		199
4.00%, 8/1/2039		40		42		4.50%, 2/1/2025		287		309
4.00%, 10/1/2039		84		89		4.50%, 4/1/2025		33		35
4.00%, 11/1/2039		53		56		4.50%, 4/1/2025		23		25
4.00%, 11/1/2039		278		294		4.50%, 5/1/2025		271		289
4.00%, 12/1/2039		110		116		4.50%, 4/1/2026		321		344
4.00%, 2/1/2040		10		11		4.50%, 6/1/2028(e)		1,680		1,791
4.00%, 2/1/2040		322		340		4.50%, 7/1/2029		31		33
4.00%, 5/1/2040		276		291		4.50%, 2/1/2030		151		161
4.00%, 5/1/2040		39		41		4.50%, 4/1/2030		54		58
4.00%, 8/1/2040		153		161		4.50%, 8/1/2030		241		258
4.00%, 10/1/2040		292		308		4.50%, 9/1/2030		386		413
4.00%, 10/1/2040		505		532		4.50%, 1/1/2031		157		168
4.00%, 10/1/2040		179		188		4.50%, 4/1/2031		97		104
4.00%, 10/1/2040		83		87		4.50%, 5/1/2031		142		154
4.00%, 10/1/2040		115		121		4.50%, 7/1/2031		558		606

See accompanying notes.

25

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value	(000	's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
4.50%, 8/1/2031	$	286	$	307		5.00%, 4/1/2018	$	4	$		4
4.50%, 8/1/2033		65		70		5.00%, 6/1/2018		731			782
4.50%, 8/1/2033		171		183		5.00%, 11/1/2018		26			28
4.50%, 11/1/2033		405		432		5.00%, 6/1/2019		178			190
4.50%, 1/1/2036		15		17		5.00%, 7/1/2019		177			189
4.50%, 3/1/2036		38		41		5.00%, 9/1/2019		861			922
4.50%, 6/1/2038		232		249		5.00%, 12/1/2020		5			6
4.50%, 1/1/2039		26		28		5.00%, 11/1/2021		78			83
4.50%, 1/1/2039		70		75		5.00%, 2/1/2023		113			122
4.50%, 2/1/2039		138		148		5.00%, 7/1/2023		15			16
4.50%, 4/1/2039		394		438		5.00%, 12/1/2023		100			108
4.50%, 4/1/2039		96		103		5.00%, 12/1/2023		36			38
4.50%, 4/1/2039		394		431		5.00%, 1/1/2024		166			179
4.50%, 6/1/2039		534		588		5.00%, 1/1/2024		107			115
4.50%, 6/1/2039		652		697		5.00%, 7/1/2024		72			79
4.50%, 6/1/2039		221		242		5.00%, 6/1/2028(e)		900			961
4.50%, 6/1/2039		147		157		5.00%, 4/1/2029		142			153
4.50%, 7/1/2039		208		228		5.00%, 3/1/2030		223			242
4.50%, 7/1/2039		460		504		5.00%, 8/1/2030		273			303
4.50%, 7/1/2039		424		453		5.00%, 5/1/2033		129			140
4.50%, 8/1/2039		225		247		5.00%, 5/1/2033		84			91
4.50%, 9/1/2039		231		246		5.00%, 7/1/2033		686			745
4.50%, 10/1/2039		429		458		5.00%, 8/1/2033		26			28
4.50%, 10/1/2039		722		771		5.00%, 9/1/2033		296			322
4.50%, 12/1/2039		161		172		5.00%, 11/1/2033		346			377
4.50%, 12/1/2039		207		221		5.00%, 2/1/2034		46			50
4.50%, 12/1/2039		388		425		5.00%, 3/1/2034		62			67
4.50%, 12/1/2039		543		602		5.00%, 5/1/2034		461			500
4.50%, 12/1/2039		245		273		5.00%, 2/1/2035		425			463
4.50%, 1/1/2040		527		584		5.00%, 3/1/2035		43			47
4.50%, 2/1/2040		368		405		5.00%, 4/1/2035		74			80
4.50%, 2/1/2040		225		246		5.00%, 6/1/2035		887			964
4.50%, 3/1/2040		245		262		5.00%, 7/1/2035		46			50
4.50%, 3/1/2040		30		32		5.00%, 7/1/2035		415			450
4.50%, 4/1/2040		495		530		5.00%, 7/1/2035		145			157
4.50%, 5/1/2040		231		247		5.00%, 9/1/2035		73			79
4.50%, 5/1/2040		718		768		5.00%, 10/1/2035		211			229
4.50%, 5/1/2040		1,067		1,162		5.00%, 1/1/2036		402			436
4.50%, 5/1/2040		233		256		5.00%, 3/1/2036		397			431
4.50%, 6/1/2040		215		236		5.00%, 3/1/2036		869			945
4.50%, 7/1/2040		239		262		5.00%, 7/1/2036		462			502
4.50%, 8/1/2040		364		389		5.00%, 2/1/2037		29			32
4.50%, 9/1/2040		1,122		1,200		5.00%, 4/1/2037		7			8
4.50%, 9/1/2040		291		311		5.00%, 7/1/2037		132			144
4.50%, 9/1/2040		160		171		5.00%, 2/1/2038		1,002			1,085
4.50%, 9/1/2040		190		203		5.00%, 4/1/2038		149			160
4.50%, 10/1/2040		43		47		5.00%, 6/1/2038		54			59
4.50%, 10/1/2040		899		962		5.00%, 1/1/2039		243			269
4.50%, 12/1/2040		163		175		5.00%, 2/1/2039		412			460
4.50%, 3/1/2041		321		344		5.00%, 3/1/2039		171			185
4.50%, 3/1/2041		240		256		5.00%, 4/1/2039		154			166
4.50%, 4/1/2041		285		305		5.00%, 4/1/2039		261			288
4.50%, 5/1/2041		428		458		5.00%, 4/1/2039		397			436
4.50%, 6/1/2041		412		441		5.00%, 7/1/2039		373			413
4.50%, 6/1/2041		973		1,042		5.00%, 10/1/2039		308			341
4.50%, 6/1/2041		224		240		5.00%, 12/1/2039		551			605
4.50%, 7/1/2041		269		288		5.00%, 12/1/2039		223			250
4.50%, 7/1/2041		273		297		5.00%, 1/1/2040		450			503
4.50%, 7/1/2041		481		515		5.00%, 2/1/2040		531			598
4.50%, 8/1/2041		450		482		5.00%, 5/1/2040		196			214
4.50%, 9/1/2041		454		486		5.00%, 6/1/2040		443			490
4.50%, 10/1/2041		481		515		5.00%, 6/1/2040		35			38
4.50%, 11/1/2041		525		562		5.00%, 6/1/2040		138			151
4.50%, 11/1/2041		484		518		5.00%, 6/1/2040		484			529
4.50%, 11/1/2041		474		507		5.00%, 8/1/2040		682			746
4.50%, 12/1/2041		509		544		5.00%, 8/1/2040		190			209
4.50%, 6/1/2043(e)		5,700		6,090		5.00%, 8/1/2040		236			258
5.00%, 4/1/2014		9		9		5.00%, 11/1/2040		270			295
5.00%, 12/1/2017		29		31		5.00%, 4/1/2041		218			237

See accompanying notes.

26

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
5.00%, 5/1/2041	$	297	$	325		5.50%, 6/1/2038	$	23	$	25
5.00%, 5/1/2041		289		316		5.50%, 6/1/2038		25		27
5.00%, 5/1/2041		274		304		5.50%, 7/1/2038		113		122
5.00%, 5/1/2041		345		378		5.50%, 7/1/2038		159		175
5.00%, 6/1/2043(e)		4,900		5,285		5.50%, 8/1/2038		3		3
5.15%, 6/1/2037(a)		110		119		5.50%, 9/1/2038		48		52
5.40%, 1/1/2036(a)		85		91		5.50%, 10/1/2038		22		24
5.50%, 2/1/2014		19		20		5.50%, 11/1/2038		85		92
5.50%, 2/1/2015		68		73		5.50%, 11/1/2038		137		149
5.50%, 1/1/2017		174		186		5.50%, 11/1/2038		95		103
5.50%, 5/1/2019		38		41		5.50%, 11/1/2038		1,172		1,270
5.50%, 1/1/2021		37		40		5.50%, 11/1/2038		87		95
5.50%, 5/1/2021		50		54		5.50%, 12/1/2038		203		221
5.50%, 10/1/2021		41		44		5.50%, 12/1/2038		128		139
5.50%, 11/1/2022		68		74		5.50%, 12/1/2038		88		96
5.50%, 2/1/2023		83		91		5.50%, 1/1/2039		84		91
5.50%, 7/1/2023		71		78		5.50%, 4/1/2039		99		107
5.50%, 12/1/2023		52		56		5.50%, 7/1/2039		482		522
5.50%, 1/1/2025		290		316		5.50%, 9/1/2039		235		255
5.50%, 5/1/2025		304		331		5.50%, 10/1/2039		105		115
5.50%, 8/1/2027		15		16		5.50%, 12/1/2039		192		209
5.50%, 6/1/2028		88		95		5.50%, 12/1/2039		441		492
5.50%, 9/1/2028		26		28		5.50%, 6/1/2040		82		89
5.50%, 1/1/2029		50		55		5.50%, 7/1/2040		182		200
5.50%, 12/1/2029		182		197		5.50%, 6/1/2043(e)		3,000		3,250
5.50%, 6/1/2033		101		110		6.00%, 1/1/2014		2		2
5.50%, 4/1/2034		270		296		6.00%, 1/1/2016		15		15
5.50%, 4/1/2034		477		522		6.00%, 10/1/2016		5		5
5.50%, 4/1/2034		353		387		6.00%, 6/1/2017		18		19
5.50%, 5/1/2034		294		321		6.00%, 6/1/2017		174		183
5.50%, 6/1/2034		12		13		6.00%, 11/1/2017		19		19
5.50%, 11/1/2034		237		260		6.00%, 5/1/2024		60		61
5.50%, 1/1/2035		57		63		6.00%, 12/1/2032		158		177
5.50%, 1/1/2035		280		307		6.00%, 1/1/2033		45		50
5.50%, 3/1/2035		117		128		6.00%, 10/1/2033		44		49
5.50%, 4/1/2035		11		12		6.00%, 12/1/2033		108		121
5.50%, 4/1/2035		162		177		6.00%, 10/1/2034		207		231
5.50%, 8/1/2035		87		95		6.00%, 12/1/2034		78		87
5.50%, 9/1/2035		20		21		6.00%, 1/1/2035		295		327
5.50%, 10/1/2035		22		25		6.00%, 7/1/2035		797		885
5.50%, 10/1/2035		29		32		6.00%, 7/1/2035		300		335
5.50%, 12/1/2035		106		115		6.00%, 10/1/2035		281		310
5.50%, 1/1/2036		47		51		6.00%, 5/1/2036		22		24
5.50%, 4/1/2036		303		332		6.00%, 5/1/2036		35		38
5.50%, 4/1/2036		20		22		6.00%, 6/1/2036		200		218
5.50%, 5/1/2036		1,544		1,683		6.00%, 11/1/2036		41		45
5.50%, 7/1/2036		166		182		6.00%, 12/1/2036		605		661
5.50%, 8/1/2036		388		423		6.00%, 2/1/2037		294		322
5.50%, 9/1/2036		178		195		6.00%, 2/1/2037		90		98
5.50%, 9/1/2036		443		485		6.00%, 3/1/2037		215		234
5.50%, 11/1/2036		80		87		6.00%, 3/1/2037		637		693
5.50%, 11/1/2036		131		142		6.00%, 6/1/2037		112		122
5.50%, 1/1/2037		178		194		6.00%, 7/1/2037		72		79
5.50%, 2/1/2037		322		355		6.00%, 7/1/2037		57		62
5.50%, 2/1/2037		12		13		6.00%, 9/1/2037		310		338
5.50%, 5/1/2037		1,000		1,084		6.00%, 10/1/2037		40		44
5.50%, 5/1/2037		159		175		6.00%, 11/1/2037		41		44
5.50%, 6/1/2037		23		25		6.00%, 11/1/2037		8		9
5.50%, 7/1/2037		37		40		6.00%, 11/1/2037		696		758
5.50%, 7/1/2037		28		30		6.00%, 11/1/2037		65		71
5.50%, 8/1/2037		22		24		6.00%, 11/1/2037		7		7
5.50%, 1/1/2038		61		66		6.00%, 12/1/2037		31		34
5.50%, 1/1/2038		47		51		6.00%, 12/1/2037		99		108
5.50%, 2/1/2038		206		225		6.00%, 1/1/2038		114		125
5.50%, 2/1/2038		458		499		6.00%, 1/1/2038		300		327
5.50%, 3/1/2038		186		208		6.00%, 1/1/2038		160		175
5.50%, 3/1/2038		139		151		6.00%, 2/1/2038		5		5
5.50%, 5/1/2038		342		371		6.00%, 2/1/2038		58		65
5.50%, 5/1/2038		96		104		6.00%, 3/1/2038		95		106

See accompanying notes.

27

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
						Government National Mortgage Association (GNMA)(continued)
Federal National Mortgage Association (FNMA) (continued)
6.00%, 5/1/2038	$	38	$	43		3.00%, 2/20/2041(a)	$	435	$	460
6.00%, 5/1/2038		614		671		3.00%, 11/20/2041(a)		719		760
6.00%, 5/1/2038		102		111		3.00%, 2/20/2042(a)		606		641
6.00%, 5/1/2038		19		21		3.00%, 4/20/2042(a)		1,458		1,542
6.00%, 5/1/2038		318		346		3.00%, 7/20/2042(a)		861		911
6.00%, 5/1/2038		80		87
6.00%, 5/1/2038		14		15		3.00%, 9/20/2042		996		1,016
						3.00%, 12/20/2042		1,474		1,503
6.00%, 8/1/2038		4		5		3.00%, 3/20/2043		1,493		1,522
6.00%, 8/1/2038		140		153		3.00%, 3/20/2043		996		1,016
6.00%, 9/1/2038		478		521		3.00%, 6/1/2043 (e)		2,500		2,545
6.00%, 9/1/2038		5		6		3.00%, 6/1/2043		8,100		8,246
6.00%, 10/1/2038		294		320
6.00%, 10/1/2038		73		79		3.50%, 12/15/2025		92		98
						3.50%, 5/15/2026		132		140
6.00%, 12/1/2038		68		74		3.50%, 3/20/2027		299		318
6.00%, 10/1/2039		187		204
6.00%, 4/1/2040		399		435		3.50%, 4/20/2027		554		588
						3.50%, 7/20/2040		150		160
6.00%, 9/1/2040		130		142		3.50%, 1/20/2041		414		437
6.00%, 10/1/2040		444		484		3.50%, 3/20/2041(a)		668		712
6.50%, 6/1/2016		4		4		3.50%, 11/15/2041		298		314
6.50%, 12/1/2016		107		113		3.50%, 11/20/2041		124		130
6.50%, 1/1/2017		1		1
6.50%, 5/1/2018		2		2		3.50%, 1/15/2042		323		340
						3.50%, 1/20/2042		572		600
6.50%, 7/1/2020		21		22		3.50%, 2/15/2042		646		680
6.50%, 6/1/2024		5		6
6.50%, 12/1/2031		5		6		3.50%, 2/15/2042		688		731
						3.50%, 2/20/2042		551		579
6.50%, 3/1/2032		24		28		3.50%, 3/15/2042		571		601
6.50%, 7/1/2032		46		52
6.50%, 11/1/2033		62		72		3.50%, 3/20/2042		640		672
						3.50%, 4/20/2042		1,298		1,363
6.50%, 8/1/2034		163		188		3.50%, 5/20/2042		2,763		2,902
6.50%, 9/1/2034		151		171		3.50%, 6/1/2042(e)		1,800		1,892
6.50%, 10/1/2034		38		45		3.50%, 6/20/2042		2,736		2,873
6.50%, 10/1/2036		611		677		3.50%, 7/20/2042		737		774
6.50%, 3/1/2037		139		155
6.50%, 7/1/2037		58		65		3.50%, 8/20/2042		187		196
						3.50%, 3/20/2043		1,492		1,567
6.50%, 7/1/2037		67		76		3.50%, 4/20/2043		1,496		1,571
6.50%, 8/1/2037		154		170
6.50%, 9/1/2037		30		33		3.50%, 6/1/2043		8,200		8,599
						4.00%, 8/15/2024		151		162
6.50%, 10/1/2037		782		873		4.00%, 12/15/2024		150		161
6.50%, 11/1/2037		350		388
6.50%, 11/1/2037		40		45		4.00%, 11/15/2025		102		110
						4.00%, 5/15/2026		133		143
6.50%, 12/1/2037		26		31		4.00%, 6/15/2039		72		76
6.50%, 1/1/2038		114		134
6.50%, 2/1/2038		55		61		4.00%, 7/20/2040		298		319
						4.00%, 8/15/2040		214		228
6.50%, 3/1/2038		26		29		4.00%, 9/15/2040		314		343
6.50%, 3/1/2038		399		445
6.50%, 5/1/2038		138		163		4.00%, 9/15/2040		236		251
						4.00%, 10/15/2040		321		349
6.50%, 5/1/2038		643		712		4.00%, 11/15/2040		306		326
6.50%, 9/1/2038		79		89
6.50%, 1/1/2039		390		457		4.00%, 11/15/2040		49		52
						4.00%, 11/20/2040		212		227
6.50%, 5/1/2039		333		371		4.00%, 12/20/2040		319		347
6.50%, 10/1/2039		713		795
6.50%, 10/1/2039		131		146		4.00%, 1/15/2041		320		340
						4.00%, 1/15/2041		730		776
7.00%, 12/1/2037		163		192		4.00%, 1/15/2041		245		261
7.00%, 12/1/2037		132		156		4.00%, 1/20/2041		676		727
7.50%, 5/1/2031		58		70		4.00%, 5/15/2041		48		51
			$	241,954		4.00%, 5/15/2041		345		368
Government National Mortgage Association (GNMA) -7.58%						4.00%, 5/15/2041		247		262
						4.00%, 6/15/2041		53		57
2.00%, 10/20/2042(a)		391		409
						4.00%, 7/15/2041		288		306
2.00%, 1/20/2043		396		414		4.00%, 7/15/2041		468		498
2.50%, 9/20/2027		946		971		4.00%, 7/20/2041(a)		214		230
2.50%, 11/20/2040		291		304		4.00%, 7/20/2041		258		277
2.50%, 12/20/2040		163		172		4.00%, 8/15/2041		193		205
2.50%, 2/20/2042(a)		514		539
2.50%, 1/20/2043(a)		390		409		4.00%, 9/15/2041		653		694
						4.00%, 9/20/2041		55		59
2.50%, 6/1/2043		500		481		4.00%, 10/15/2041		290		308
2.50%, 6/1/2043(e)		100		96
						4.00%, 10/15/2041		366		391
3.00%, 4/15/2027		649		680		4.00%, 11/20/2041		1,112		1,187
3.00%, 9/20/2027		936		985		4.00%, 12/15/2041		443		470

See accompanying notes.

28

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Government National Mortgage Association (GNMA)(continued)						Government National Mortgage Association (GNMA)(continued)
4.00%, 12/15/2041	$	689	$	733		5.00%, 2/15/2034	$	430	$	469
4.00%, 12/20/2041		420		448		5.00%, 8/15/2035		284		309
4.00%, 1/20/2042		956		1,021		5.00%, 5/15/2038		215		232
4.00%, 2/20/2042		1,959		2,091		5.00%, 6/20/2038		325		353
4.00%, 3/20/2042		2,218		2,367		5.00%, 10/15/2038		176		190
4.00%, 6/1/2042(e)		100		106		5.00%, 5/15/2039		107		116
4.00%, 6/1/2043		3,500		3,734		5.00%, 6/15/2039		238		263
4.50%, 4/20/2026		99		107		5.00%, 6/15/2039		261		291
4.50%, 6/15/2034		10		11		5.00%, 6/20/2039		326		357
4.50%, 3/15/2039		199		214		5.00%, 7/15/2039		241		261
4.50%, 3/15/2039		222		240		5.00%, 7/15/2039		214		237
4.50%, 3/20/2039		405		437		5.00%, 7/15/2039		274		306
4.50%, 5/15/2039		397		433		5.00%, 7/15/2039		243		264
4.50%, 5/15/2039		154		166		5.00%, 8/15/2039		253		280
4.50%, 5/15/2039		177		190		5.00%, 9/15/2039		258		284
4.50%, 5/15/2039		171		184		5.00%, 9/15/2039		106		115
4.50%, 6/15/2039		714		776		5.00%, 9/15/2039		253		275
4.50%, 7/15/2039		169		182		5.00%, 9/15/2039		249		275
4.50%, 11/15/2039		1,406		1,518		5.00%, 11/15/2039		287		321
4.50%, 11/15/2039		164		176		5.00%, 12/15/2039		68		74
4.50%, 12/15/2039		457		496		5.00%, 2/15/2040		280		313
4.50%, 1/15/2040		520		565		5.00%, 2/15/2040		289		323
4.50%, 2/15/2040		105		114		5.00%, 2/15/2040		320		350
4.50%, 2/15/2040		265		285		5.00%, 4/15/2040		201		219
4.50%, 2/15/2040		89		96		5.00%, 5/15/2040		254		276
4.50%, 2/15/2040		160		173		5.00%, 5/20/2040		86		95
4.50%, 2/15/2040		80		87		5.00%, 6/15/2040		421		457
4.50%, 2/15/2040		167		180		5.00%, 6/15/2040		231		251
4.50%, 3/15/2040		345		370		5.00%, 6/20/2040		402		443
4.50%, 5/15/2040		209		226		5.00%, 7/15/2040		191		208
4.50%, 6/15/2040		255		275		5.00%, 7/20/2040		411		453
4.50%, 6/15/2040		229		247		5.00%, 1/20/2041		209		228
4.50%, 7/15/2040		197		211		5.00%, 2/20/2041		504		552
4.50%, 7/15/2040		247		266		5.00%, 5/20/2041		469		513
4.50%, 8/15/2040		324		353		5.00%, 6/20/2041		123		135
4.50%, 8/15/2040		276		298		5.00%, 7/20/2041		191		210
4.50%, 8/15/2040		262		281		5.00%, 8/20/2041		1,377		1,492
4.50%, 8/15/2040		342		369		5.00%, 10/20/2041		157		170
4.50%, 9/15/2040		357		384		5.00%, 11/20/2041		447		485
4.50%, 9/15/2040		282		306		5.00%, 12/20/2041		358		388
4.50%, 10/15/2040		309		336		5.00%, 2/20/2042		433		479
4.50%, 12/15/2040		184		199		5.00%, 4/20/2042		1,640		1,782
4.50%, 1/20/2041		344		374		5.00%, 6/1/2043		1,900		2,059
4.50%, 1/20/2041		364		399		5.00%, 6/1/2043(e)		1,000		1,080
4.50%, 2/20/2041		418		452		5.50%, 6/15/2014		1		1
4.50%, 2/20/2041		353		387		5.50%, 1/15/2024		74		80
4.50%, 3/15/2041		183		196		5.50%, 11/15/2033		197		216
4.50%, 3/20/2041		229		250		5.50%, 3/15/2034		74		81
4.50%, 3/20/2041		355		390		5.50%, 4/15/2034		82		89
4.50%, 4/15/2041		470		503		5.50%, 7/15/2034		58		63
4.50%, 4/15/2041		207		221		5.50%, 11/15/2034		261		287
4.50%, 4/20/2041		462		500		5.50%, 2/15/2035		148		161
4.50%, 5/15/2041		303		329		5.50%, 3/15/2036		99		107
4.50%, 5/15/2041		266		288		5.50%, 4/15/2036		154		167
4.50%, 6/15/2041		269		287		5.50%, 12/15/2036		93		101
4.50%, 6/20/2041		521		566		5.50%, 4/15/2037		295		319
4.50%, 7/15/2041		232		248		5.50%, 5/15/2038		170		185
4.50%, 7/20/2041		2,705		2,936		5.50%, 6/15/2038		352		381
4.50%, 8/20/2041		410		445		5.50%, 6/15/2038		152		166
4.50%, 9/20/2041		246		268		5.50%, 10/20/2038		408		444
4.50%, 11/20/2041		1,322		1,434		5.50%, 11/15/2038		173		188
4.50%, 12/20/2041		259		281		5.50%, 12/20/2038		164		178
4.50%, 1/20/2042		1,830		1,980		5.50%, 1/15/2039		42		45
4.50%, 2/20/2042		950		1,032		5.50%, 1/15/2039		294		319
4.50%, 3/20/2042		254		277		5.50%, 1/15/2039		477		518
4.50%, 4/20/2042		494		539		5.50%, 1/15/2039		150		164
4.50%, 6/1/2043(e)		800		856		5.50%, 2/15/2039		130		141
4.50%, 6/1/2043		2,700		2,910		5.50%, 5/15/2039		41		45
5.00%, 8/15/2033		373		402		5.50%, 12/15/2039		220		238

See accompanying notes.

29

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal					U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Government National Mortgage Association (GNMA)(continued)
						U.S. Treasury (continued)
						0.25%, 4/15/2016	$	3,500	$	3,476
5.50%, 7/20/2040	$	193	$	210		0.38%, 11/15/2014		2,971		2,977
5.50%, 11/15/2040		161		175		0.38%, 3/15/2015		2,057		2,060
5.50%, 4/20/2041		463		506		0.38%, 4/15/2015		6,303		6,312
5.50%, 10/20/2041		454		495
5.50%, 11/20/2041		487		540		0.38%, 6/15/2015		10,935		10,946
						0.38%, 11/15/2015		6,705		6,701
5.50%, 6/1/2043		1,200		1,306		0.38%, 1/15/2016		6,650		6,640
6.00%, 7/20/2028		1		1
6.00%, 7/15/2032		6		7		0.38%, 2/15/2016		3,000		2,993
						0.38%, 3/15/2016		4,000		3,989
6.00%, 12/15/2032		10		11		0.50%, 8/15/2014		1,486		1,491
6.00%, 10/15/2034		166		186
6.00%, 4/15/2035		139		156		0.50%, 10/15/2014		1,485		1,491
						0.50%, 7/31/2017		3,300		3,252
6.00%, 4/15/2036		100		112		0.63%, 7/15/2014		10,469		10,521
6.00%, 6/15/2036		228		255
6.00%, 4/15/2037		334		374		0.63%, 5/31/2017		2,520		2,502
						0.63%, 8/31/2017		5,600		5,542
6.00%, 5/15/2037		211		236		0.63%, 9/30/2017		2,700		2,668
6.00%, 10/20/2037		456		503
6.00%, 11/20/2037		174		192		0.63%, 11/30/2017		6,765		6,672
						0.63%, 4/30/2018		6,900		6,765
6.00%, 1/15/2038		193		216		0.75%, 6/15/2014		8,882		8,935
6.00%, 1/15/2038		116		130
6.00%, 2/15/2038		597		668		0.75%, 6/30/2017		2,842		2,833
						0.75%, 10/31/2017		3,604		3,578
6.00%, 8/15/2038		117		131		0.75%, 12/31/2017		8,495		8,413
6.00%, 10/15/2038		53		59
6.00%, 11/15/2038		320		358		0.75%, 2/28/2018		5,871		5,804
						0.75%, 3/31/2018		3,600		3,554
6.00%, 12/15/2038		165		184		0.88%, 11/30/2016		3,343		3,366
6.00%, 1/15/2039		523		585
6.00%, 9/15/2039		407		456		0.88%, 12/31/2016		3,915		3,940
						0.88%, 1/31/2017		3,618		3,640
6.00%, 9/15/2039		306		345		0.88%, 2/28/2017		2,361		2,374
6.00%, 10/15/2039		40		45
6.00%, 4/15/2040		49		55		0.88%, 4/30/2017		5,806		5,828
						0.88%, 1/31/2018		6,003		5,973
6.00%, 6/15/2040		3		4		0.88%, 7/31/2019		3,500		3,401
6.00%, 12/15/2040		151		168
6.00%, 1/20/2042		506		559		1.00%, 5/15/2014		5,544		5,588
						1.00%, 8/31/2016		2,551		2,584
6.50%, 5/15/2023		4		4		1.00%, 9/30/2016		2,971		3,009
6.50%, 10/20/2028		5		7
6.50%, 5/20/2029		4		5		1.00%, 10/31/2016		3,714		3,759
						1.00%, 3/31/2017		3,357		3,387
6.50%, 2/20/2032		3		3		1.00%, 6/30/2019		2,650		2,599
6.50%, 5/20/2032		32		38
6.50%, 5/15/2037		232		265		1.00%, 8/31/2019		2,500		2,444
						1.00%, 9/30/2019		2,700		2,636
6.50%, 8/20/2038		145		165		1.00%, 11/30/2019		1,000		973
6.50%, 9/15/2038		164		187
7.00%, 1/15/2028		5		5		1.13%, 5/31/2019		2,500		2,474
						1.13%, 12/31/2019		3,000		2,938
7.00%, 3/15/2029		9		11		1.13%, 3/31/2020		3,000		2,925
7.00%, 7/15/2031		5		5
8.00%, 8/20/2029		1		2		1.13%, 4/30/2020		3,000		2,920
						1.25%, 8/31/2015		6,139		6,262
			$	137,863		1.25%, 9/30/2015		6,060		6,183
U.S. Treasury - 35.89%						1.25%, 10/31/2015		4,702		4,798
0.13%, 7/31/2014		3,500		3,498		1.25%, 1/31/2019		2,300		2,305
0.13%, 12/31/2014		6,470		6,459		1.25%, 4/30/2019		2,074		2,071
0.13%, 4/30/2015		4,000		3,987		1.25%, 10/31/2019		5,000		4,954
0.25%, 5/31/2014		6,535		6,541		1.25%, 2/29/2020		3,000		2,953
0.25%, 6/30/2014		3,000		3,003		1.38%, 11/30/2015		2,390		2,447
0.25%, 8/31/2014		4,160		4,163		1.38%, 9/30/2018		5,679		5,750
0.25%, 9/15/2014		1,411		1,412		1.38%, 11/30/2018		3,899		3,941
0.25%, 9/30/2014		2,000		2,001		1.38%, 12/31/2018		1,928		1,947
0.25%, 10/31/2014		5,965		5,968		1.38%, 1/31/2020		3,500		3,478
0.25%, 11/30/2014		4,500		4,501		1.50%, 6/30/2016		2,936		3,021
0.25%, 12/15/2014		1,757		1,757		1.50%, 7/31/2016		2,897		2,981
0.25%, 1/15/2015		1,012		1,011		1.50%, 8/31/2018		4,753		4,848
0.25%, 1/31/2015		4,000		3,999		1.50%, 3/31/2019		1,821		1,846
0.25%, 2/15/2015		947		947		1.63%, 8/15/2022		6,382		6,156
0.25%, 2/28/2015		3,000		2,998		1.63%, 11/15/2022		4,671		4,484
0.25%, 3/31/2015		4,000		3,997		1.75%, 7/31/2015		8,020		8,262
0.25%, 5/15/2015		4,735		4,730		1.75%, 5/31/2016		3,592		3,722
0.25%, 7/15/2015		5,716		5,705		1.75%, 10/31/2018		2,786		2,874
0.25%, 8/15/2015		6,315		6,301		1.75%, 5/15/2022		2,590		2,538
0.25%, 9/15/2015		6,666		6,648		1.88%, 6/30/2015		3,701		3,819
0.25%, 10/15/2015		6,714		6,693		1.88%, 8/31/2017		3,268		3,407
0.25%, 12/15/2015		6,731		6,702		1.88%, 9/30/2017		1,917		1,996

See accompanying notes.

30

Schedule of Investments
Bond Market Index Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal						U.S. GOVERNMENT & GOVERNMENT	Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)		AGENCY OBLIGATIONS (continued)	Amount (000's)				Value(000	's)
U.S. Treasury (continued)							U.S. Treasury (continued)
1.88%, 10/31/2017	$	3,656	$	3,810			4.25%, 5/15/2039		$	780	$	929
2.00%, 1/31/2016		2,156		2,244			4.25%, 11/15/2040			2,497		2,971
2.00%, 4/30/2016		2,315		2,414			4.38%, 2/15/2038			2,200		2,665
2.00%, 11/15/2021		1,621		1,635			4.38%, 11/15/2039			2,593		3,144
2.00%, 2/15/2022		3,831		3,850			4.38%, 5/15/2040			2,401		2,914
2.00%, 2/15/2023		8,867		8,773			4.38%, 5/15/2041			3,375		4,097
2.13%, 11/30/2014		2,152		2,212			4.50%, 11/15/2015			2,086		2,293
2.13%, 5/31/2015		2,533		2,624			4.50%, 2/15/2016			195		217
2.13%, 12/31/2015		2,527		2,638			4.50%, 5/15/2017			81		93
2.13%, 2/29/2016		1,168		1,221			4.50%, 2/15/2036			4,203		5,180
2.13%, 8/15/2021		2,594		2,652			4.50%, 5/15/2038			625		771
2.25%, 5/31/2014		3,157		3,222			4.50%, 8/15/2039			1,987		2,459
2.25%, 1/31/2015		3,020		3,119			4.63%, 11/15/2016			1,337		1,518
2.25%, 3/31/2016		206		216			4.63%, 2/15/2017			891		1,018
2.25%, 11/30/2017		1,176		1,244			4.63%, 2/15/2040			1,820		2,294
2.38%, 8/31/2014		3,820		3,923			4.75%, 5/15/2014			3,704		3,865
2.38%, 9/30/2014		6,799		6,995			4.75%, 8/15/2017			1,382		1,606
2.38%, 10/31/2014		3,603		3,711			4.75%, 2/15/2037			1,067		1,362
2.38%, 2/28/2015		3,450		3,575			4.75%, 2/15/2041			1,541		1,982
2.38%, 7/31/2017		1,501		1,595			4.88%, 8/15/2016			1,398		1,588
2.50%, 3/31/2015		3,343		3,477			5.00%, 5/15/2037			1,614		2,130
2.50%, 4/30/2015		3,507		3,654			5.38%, 2/15/2031			3,026		4,076
2.50%, 6/30/2017		1,411		1,508			6.00%, 2/15/2026			985		1,364
2.63%, 6/30/2014		7,918		8,126			6.13%, 11/15/2027			2,049		2,904
2.63%, 7/31/2014		2,301		2,366			6.13%, 8/15/2029			200		288
2.63%, 12/31/2014		3,249		3,370			6.25%, 8/15/2023			966		1,333
2.63%, 4/30/2016		935		992			6.25%, 5/15/2030			827		1,210
2.63%, 1/31/2018		1,114		1,199			6.38%, 8/15/2027			660		954
2.63%, 8/15/2020		3,398		3,637			6.50%, 11/15/2026			3,028		4,392
2.63%, 11/15/2020		4,137		4,419			6.63%, 2/15/2027			817		1,201
2.75%, 11/30/2016		1,663		1,783			6.88%, 8/15/2025			836		1,233
2.75%, 5/31/2017		1,842		1,985			7.25%, 5/15/2016			146		175
2.75%, 12/31/2017		2,377		2,570			7.25%, 8/15/2022			957		1,387
2.75%, 2/28/2018		371		402			7.50%, 11/15/2016			3,424		4,223
2.75%, 8/15/2042		1,866		1,672			7.63%, 11/15/2022			585		871
2.75%, 11/15/2042		2,843		2,545			7.88%, 2/15/2021			371		539
2.88%, 3/31/2018		1,328		1,446			8.00%, 11/15/2021			411		611
3.00%, 8/31/2016		2,486		2,677			8.13%, 8/15/2019			116		163
3.00%, 9/30/2016		90		97			8.50%, 2/15/2020			223		324
3.00%, 2/28/2017		3,433		3,721			8.75%, 5/15/2017			3,372		4,421
3.00%, 5/15/2042		3,435		3,250			8.75%, 5/15/2020			1,236		1,832
3.13%, 10/31/2016		3,726		4,039			8.88%, 8/15/2017			1,500		2,000
3.13%, 1/31/2017		1,813		1,971			9.25%, 2/15/2016			3,827		4,728
3.13%, 4/30/2017		1,768		1,929			9.88%, 11/15/2015			186		228
3.13%, 5/15/2019		3,185		3,525			10.63%, 8/15/2015			511		627
3.13%, 5/15/2021		3,194		3,518							$	652,950
3.13%, 11/15/2041		2,619		2,546			TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY
3.13%, 2/15/2042		3,305		3,210			OBLIGATIONS				$	1,172,326
3.13%, 2/15/2043		3,300		3,195				Maturity
3.25%, 5/31/2016		769		831			REPURCHASE AGREEMENTS - 9.85%	Amount (000's)				Value(000	's)
3.25%, 7/31/2016		1,486		1,611
3.25%, 12/31/2016		1,370		1,494			Banks- 9.85	%
3.25%, 3/31/2017		1,204		1,318		Investment in Joint Trading Account; Credit			$	28,803	$	28,803
3.38%, 11/15/2019		3,714		4,175			Suisse Repurchase Agreement; 0.06%
3.50%, 2/15/2018		2,563		2,862			dated 5/31/2013 maturing 6/3/2013
3.50%, 5/15/2020		3,618		4,095			(collateralized by US Government
3.50%, 2/15/2039		1,362		1,434			Securities; $29,378,991; 4.25% - 6.13%;
3.63%, 8/15/2019		711		809			dated 11/15/27 - 11/15/39)
3.63%, 2/15/2020		5,014		5,718		Investment in Joint Trading Account; Deutsche				72,008		72,007
3.63%, 2/15/2021		3,595		4,097			Bank Repurchase Agreement; 0.07% dated
3.75%, 8/15/2041		3,135		3,430			5/31/2013 maturing 6/3/2013
3.88%, 5/15/2018		2,858		3,252			(collateralized by US Government
3.88%, 8/15/2040		1,316		1,472			Securities; $73,447,476; 0.00% - 7.25%;
4.00%, 2/15/2015		3,052		3,244			dated 06/07/13 - 05/15/30)
4.13%, 5/15/2015		750		805		Investment in Joint Trading Account; JP				44,475		44,475
4.25%, 8/15/2014		3,947		4,139			Morgan Repurchase Agreement; 0.07%
4.25%, 11/15/2014		955		1,010			dated 5/31/2013 maturing 6/3/2013
4.25%, 8/15/2015		1,634		1,774			(collateralized by US Government
4.25%, 11/15/2017		1,537		1,761			Securities; $45,364,617; 0.00% - 10.35%;
							dated 06/03/13 - 11/23/35)

See accompanying notes.

31

Schedule of Investments Bond Market Index Fund May 31, 2013 (unaudited)
REPURCHASE AGREEMENTS	Maturity
(continued)	Amount (000's)			Value(000	's)
Banks (continued)
Investment in Joint Trading Account; Merrill	$	33,886	$	33,886
Lynch Repurchase Agreement; 0.05%
dated 5/31/2013 maturing 6/3/2013
(collateralized by US Government
Securities; $34,563,518; 0.13% - 5.38%;
dated 04/30/15 - 02/15/31)
			$	179,171
TOTAL REPURCHASE AGREEMENTS			$	179,171
Total Investments			$	1,967,242
Liabilities in Excess of Other Assets, Net - (8.13)%			$	(147,923	)
TOTAL NET ASSETS - 100.00%			$	1,819,319

(a)	Variable Rate. Rate shown is in effect at May 31, 2013.
(b)	Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Board of Directors. At the end of the period, the fair value of these securities totaled $642 or 0.04% of net assets.
(c)	Non-Income Producing Security
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Unless otherwise indicated, these securities are not considered illiquid. At the end of the period, the value of these securities totaled $5,696 or 0.31% of net assets.
(e)	Security was purchased in a "to-be-announced" ("TBA") transaction. See Notes to Financial Statements for additional information.

Portfolio Summary (unaudited)
Sector	Percent
Government	43 .80	%
Mortgage Securities	30 .18	%
Financial	18 .14	%
Consumer, Non-cyclical	3.27	%
Energy	2.90	%
Communications	2.72	%
Utilities	1.59	%
Industrial	1.25	%
Basic Materials	1.08	%
Consumer, Cyclical	1.06	%
Technology	0.78	%
Revenue Bonds	0.54	%
General Obligation Unlimited	0.37	%
Asset Backed Securities	0.37	%
Insured	0.06	%
General Obligation Limited	0.02	%
Liabilities in Excess of Other Assets, Net	(8.13	)%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

32

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 42.06%	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Agriculture - 0.02%					Mining (continued)
Adecoagro SA (a)	55,614	$	411		First Quantum Minerals Ltd	107,277	$		1,920
					Freeport-McMoRan Copper & Gold Inc	35,001			1,087
					Glencore Xstrata PLC	245,860			1,196
Building Materials - 0.17%					Guyana Goldfields Inc (a)	117,225			170
Indocement Tunggal Prakarsa Tbk PT	572,924		1,384		Ivanplats Ltd (a)	65,900			172
Semen Indonesia Persero Tbk PT	837,175		1,535		Kinross Gold Corp	115,763			742
		$	2,919		Newcrest Mining Ltd	40,091			548
Chemicals - 0.06%					Northern Dynasty Minerals Ltd (a)	65,028			170
Mosaic Co/The	16,212		986		Platinum Group Metals Ltd (a)	161,665			162
					Randgold Resources Ltd ADR	22,506			1,764
					Rio Tinto PLC ADR	35,734			1,526
Coal - 0.17%					Silver Wheaton Corp	44,736			1,061
Adaro Energy Tbk PT	2,103,373		198		Southern Copper Corp	25,035			780
Consol Energy Inc	80,646		2,797		Tahoe Resources Inc (a)	38,719			564
		$	2,995				$		20,410
Commercial Services - 0.47%					Oil & Gas - 4.86%
Abertis Infraestructuras SA	251,775		4,512		Africa Oil Corp (a)	63,588			461
Anhui Expressway Co	1,204,000		628		Africa Oil Corp (a),(b)	6,686			48
Jiangsu Expressway Co Ltd	1,141,200		1,387		Anadarko Petroleum Corp	52,124			4,559
Sichuan Expressway Co Ltd	1,724,200		545		Bankers Petroleum Ltd (a)	243,269			692
Zhejiang Expressway Co Ltd	1,427,000		1,259		Bonanza Creek Energy Inc (a)	46,315			1,721
		$	8,331		Cheniere Energy Inc (a)	66,193			1,943
Electric - 1.25%					Cimarex Energy Co	30,582			2,145
Alupar Investimento SA (a)	308,100		2,647		Cobalt International Energy Inc (a)	100,685			2,612
DUET Group	1,369,662		3,034		Concho Resources Inc (a)	48,325			4,043
Infraestructura Energetica Nova SAB de CV(a)	420,100		1,552		Denbury Resources Inc (a)	174,742			3,206
					Energy XXI Bermuda Ltd	51,672			1,319
Northeast Utilities	257,900		10,747		Ensco PLC	39,794			2,394
Spark Infrastructure Group	910,500		1,518		EOG Resources Inc	35,117			4,534
Transmissora Alianca de Energia Eletrica SA(b)	234,700		2,552		FX Energy Inc (a)	17,499			72
					Gulfport Energy Corp (a)	21,027			1,003
		$	22,050		Helmerich & Payne Inc	28,819			1,779
					HollyFrontier Corp	26,340			1,304
Engineering & Construction - 0.34%					Kodiak Oil & Gas Corp (a)	179,592			1,577
Flughafen Zuerich AG	9,300		4,570		Kosmos Energy Ltd (a)	72,187			745
Fraport AG Frankfurt Airport Services	25,200		1,483		Laredo Petroleum Holdings Inc (a)	69,784			1,351
Worldwide					Marathon Oil Corp	98,837			3,399
		$	6,053		Marathon Petroleum Corp	28,237			2,330
					MEG Energy Corp (a),(c)	6,400			181
Gas - 4.33%					MEG Energy Corp (a)	40,325			1,143
Beijing Enterprises Holdings Ltd	768,600		6,257		Newfield Exploration Co (a)	50,074			1,191
Hong Kong & China Gas Co Ltd	3,648,600		10,310
Keyera Corp	99,800		5,766		Noble Energy Inc	101,166			5,832
National Grid PLC	1,402,904		16,681		Occidental Petroleum Corp	25,662			2,363
NiSource Inc	269,600		7,746		Oil Search Ltd	140,529			1,099
Sempra Energy	170,500		13,862		Pacific Rubiales Energy Corp	46,152			975
					PDC Energy Inc (a)	46,988			2,405
Snam SpA	2,719,800		12,898
Western Gas Equity Partners LP (b)	68,750		2,573		Petroleo Brasileiro SA ADR	58,113			1,033
		$	76,093		Phillips 66	24,666			1,642
					Pioneer Natural Resources Co	11,771			1,632
Healthcare - Services - 0.03%					QGEP Participacoes SA	47,125			269
Brookdale Senior Living Inc (a)	18,652		529		Quicksilver Resources Inc (a)	137,515			305
					Range Resources Corp	33,514			2,520
					Rosetta Resources Inc (a)	50,929			2,386
Holding Companies - Diversified - 0.11%					Rowan Cos PLC (a)	63,264			2,103
Wharf Holdings Ltd	208,233		1,843		Royal Dutch Shell PLC ADR	34,248			2,273
					Sanchez Energy Corp (a)	56,994			1,246
Iron & Steel - 0.13%					Southwestern Energy Co (a)	81,549			3,074
Reliance Steel & Aluminum Co	33,706		2,217		Suncor Energy Inc	101,749			3,084
					Talisman Energy Inc	108,881			1,272
					Tullow Oil PLC	99,473			1,565
Lodging - 0.07%					Whiting Petroleum Corp (a)	56,606			2,608
City Developments Ltd	151,000		1,281				$		85,438
Mining - 1.16%					Oil & Gas Services - 2.05%
					Cameron International Corp (a)	93,050			5,664
African Rainbow Minerals Ltd	58,831		1,047		Core Laboratories NV	15,248			2,101
Alamos Gold Inc	109,568		1,588		Dresser-Rand Group Inc (a)	46,004			2,788
B2Gold Corp (a)	303,941		765
					Dril-Quip Inc (a)	55,340			5,005
BHP Billiton Ltd ADR	45,689		2,984		FMC Technologies Inc (a)	47,595			2,649
Constellium NV (a)	44,094		648
Eldorado Gold Corp	187,588		1,516		Halliburton Co	110,718			4,633

See accompanying notes.

33

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Oil & Gas Services (continued)					REITS (continued)
National Oilwell Varco Inc	51,986	$	3,655		BRE Properties Inc	7,453	$		373
Schlumberger Ltd	65,181		4,760		Camden Property Trust	16,765			1,161
Superior Energy Services Inc (a)	44,566		1,189		Campus Crest Communities Inc	32,275			408
Targa Resources Corp	54,200		3,492		Canadian Real Estate Investment Trust	23,675			999
		$	35,936		Colonial Properties Trust	29,990			663
					Corrections Corp of America	34,894			1,226
Pipelines - 15.85%					CubeSmart	68,496			1,072
Access Midstream Partners LP	214,400		9,223		DDR Corp	72,117			1,259
Buckeye Partners LP	130,660		8,642		Duke Realty Corp	56,700			939
DCP Midstream Partners LP	107,739		5,150		Dundee Real Estate Investment Trust	18,600			612
Enbridge Inc	449,012		19,476		DuPont Fabros Technology Inc	14,233			345
Energy Transfer Equity LP	255,200		14,587		EPR Properties	24,453			1,282
Energy Transfer Partners LP	103,076		5,011		Equity One Inc	24,373			569
Enterprise Products Partners LP	332,000		19,717		Equity Residential	32,827			1,856
Genesis Energy LP	28,470		1,428		Essex Property Trust Inc	6,940			1,091
Holly Energy Partners LP	54,733		1,968		Extra Space Storage Inc	30,268			1,268
Kinder Morgan Energy Partners LP	121,480		10,131		Federal Realty Investment Trust	11,663			1,257
Kinder Morgan Inc/DE	348,477		13,236		Federation Centres Ltd	637,924			1,512
Magellan Midstream Partners LP (b)	392,900		20,427
					First Industrial Realty Trust Inc	73,678			1,244
MarkWest Energy Partners LP	111,100		7,315		General Growth Properties Inc	111,643			2,292
MPLX LP (b)	122,800		4,560
Oiltanking Partners LP (b)	60,151		2,977		Great Portland Estates PLC	213,237			1,785
					Hammerson PLC	156,917			1,217
ONEOK Inc	165,600		7,475		HCP Inc	7,022			333
ONEOK Partners LP	48,099		2,490		Health Care REIT Inc	16,771			1,141
Pembina Pipeline Corp	184,240		5,765		Host Hotels & Resorts Inc	103,379			1,839
Plains All American Pipeline LP	354,980		19,943		Japan Hotel REIT Investment Corp	1,389			542
Regency Energy Partners LP (b)	322,400		8,266
					Kenedix Realty Investment Corp	71			273
SemGroup Corp	114,700		6,001		Kilroy Realty Corp	16,600			878
Spectra Energy Corp	297,500		9,095		Land Securities Group PLC	104,538			1,475
Sunoco Logistics Partners LP (b)	253,381		15,340
					Link REIT/The	119,000			614
Targa Resources Partners LP	108,904		5,065		Medical Properties Trust Inc	30,500			453
Tesoro Logistics LP	97,901		6,074		Mirvac Group (a)	193,331			310
TransCanada Corp	280,400		12,863		Mirvac Group	662,906			1,057
Western Gas Partners LP (b)	153,620		9,037
					Nippon Building Fund Inc	112			1,152
Williams Cos Inc/The	716,828		25,218		Northern Property Real Estate Investment	17,700			524
Williams Partners LP	40,130		2,002		Trust
		$	278,482		Orix JREIT Inc	613			660
Real Estate - 1.42%					Pebblebrook Hotel Trust	29,421			772
Atrium European Real Estate Ltd (b)	116,209		687		Pennsylvania Real Estate Investment Trust	25,970			517
CapitaLand Ltd	462,000		1,257		Prologis Inc	82,265			3,315
Citycon OYJ	185,035		586		Public Storage	8,735			1,326
Country Garden Holdings Co Ltd	1,701,000		975		Retail Properties of America Inc	26,345			402
Fabege AB	104,022		1,153		Saul Centers Inc	15,215			681
Greentown China Holdings Ltd	365,500		646		Senior Housing Properties Trust	49,537			1,280
Hang Lung Group Ltd	134,000		731		Simon Property Group Inc	36,329			6,047
Henderson Land Development Co Ltd	189,864		1,331		SL Green Realty Corp	19,831			1,725
Hongkong Land Holdings Ltd	259,300		1,793		Starhill Global REIT	729,000			501
Hufvudstaden AB	52,549		690		Strategic Hotels & Resorts Inc (a)	64,979			522
Hyprop Investments Ltd	76,567		518		Sunstone Hotel Investors Inc (a)	46,791			564
Jones Lang LaSalle Inc	5,412		497		Suntec Real Estate Investment Trust	589,700			804
LEG Immobilien AG (a)	10,289		586		Taubman Centers Inc	10,084			813
Mitsubishi Estate Co Ltd	142,600		3,513		Unibail-Rodamco SE	7,648			1,879
Mitsui Fudosan Co Ltd	100,000		2,759		Vastned Retail NV	15,418			682
Nomura Real Estate Holdings Inc	32,200		714		Ventas Inc	10,865			775
Shimao Property Holdings Ltd	560,500		1,210		Vornado Realty Trust	24,415			1,952
Sino Land Co Ltd	642,000		952		Wereldhave NV	13,896			987
Sumitomo Realty & Development Co Ltd	26,000		994		Westfield Group	286,809			3,148
Sun Hung Kai Properties Ltd	126,000		1,667		Workspace Group PLC	159,556			972
Swire Properties Ltd	256,400		800				$		92,679
Unite Group PLC	162,844		891		Telecommunications - 1.50%
		$	24,950		Crown Castle International Corp (a)	194,800			13,879
REITS - 5.27%					Eutelsat Communications SA	79,400			2,465
AIMS AMP Capital Industrial REIT	405,000		527		SBA Communications Corp (a)	133,700			10,064
American Tower Corp	242,219		18,854				$		26,408
Apartment Investment & Management Co	40,661		1,230		Transportation - 1.82%
Astro Japan Property Group (b)	211,515		715
					Canadian National Railway Co	30,000			3,045
Australand Property Group	210,392		699		Groupe Eurotunnel SA	752,300			6,054
AvalonBay Communities Inc	15,381		2,040		Guangshen Railway Co Ltd	3,036,900			1,360
Boardwalk Real Estate Investment Trust	14,225		837		Hutchison Port Holdings Trust	3,791,100			2,983
Boston Properties Inc	22,817		2,432

See accompanying notes.

34

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
	COMMON STOCKS (continued)		Shares Held			Value(000	's)	COMMODITY INDEXED STRUCTURED		Principal
	Transportation (continued)							NOTES (continued)		Amount (000's)		Value (000's)
	Koninklijke Vopak NV			76,300	$	4,604		Banks (continued)
	Norfolk Southern Corp			78,500		6,012		CIBC; Dow Jones - UBS Commodity Index
	Teekay Corp			102,900		3,976		Linked Note (continued)
	Union Pacific Corp			25,400		3,927		0.08%, 06/23/2014(d)		$	4,100	$	4,016
					$	31,961		Deutsche Bank AG/London; Dow Jones - UBS
								Commodity Index Linked Note
	Water- 0.98	%						0.00%, 07/28/2014(a),(e)			4,000		3,938
	American Water Works Co Inc			110,300		4,405		0.03%, 01/29/2014(d)			6,500		5,060
	Cia de Saneamento Basico do Estado de Sao			340,800		4,335		0.04%, 02/13/2014(d)			5,900		4,951
	Paulo ADR							JP Morgan Chase Bank NA; Dow Jones - UBS
	Severn Trent PLC			148,100		4,599		Commodity Index Linked Note
	United Utilities Group PLC			345,200		3,944		0.17%, 10/20/2013(c),(d)			10,000		6,963
					$	17,283		0.18%, 03/27/2014(c),(d)			3,700		3,210
	TOTAL COMMON STOCKS				$	739,255		0.18%, 06/05/2014(c),(d)			3,300		3,341
			Principal					Societe Generale; Dow Jones - UBS
	BONDS- 8.40	%	Amount (000's)			Value(000	's)	Commodity Index Linked Note
								0.20%, 07/01/2013(d)			10,200		10,872
	Federal & Federally Sponsored Credit - 3.28%
	Federal Farm Credit Banks							UBS; Dow Jones - UBS Commodity Index
	0.16%, 10/23/2014		$	6,500	$	6,502		Linked Note
	0.17%, 08/08/2014			5,500		5,496		0.02%, 11/04/2013(d)			2,000		1,358
	0.18%,  07/16/2014 (d)			5,000		5,002		0.02%, 03/24/2014(d)			4,300		3,364
	0.18%, 02/06/2015(d)			5,000		5,000		0.03%, 08/16/2013(d)			2,500		1,917
	0.23%, 12/30/2013(d)			7,000		7,004		0.03%, 08/16/2013(d)			4,000		3,257
	0.23%, 03/16/2015(d)			7,000		7,000		0.10%, 05/19/2014(d)			3,400		3,168
	0.24%, 09/08/2014(d)			8,130		8,138						$	77,562
	0.25%, 05/21/2014(d)			9,000		9,008
	0.25%, 06/11/2014(d)			4,500		4,504		Supranational Bank - 0.70%
								International Bank for Reconstruction &
					$	57,654		Development; Dow Jones - UBS Commodity
	Finance - Mortgage Loan/Banker - 4.54%							Index Linked Note
								0.27%, 12/20/2013(d)			15,900		12,288
	Fannie Mae
	0.16%, 02/27/2015(d)			5,000		4,999
	0.36%, 06/23/2014(d)			6,725		6,739		TOTAL COMMODITY INDEXED STRUCTURED NOTES				$	89,850
	0.38%, 08/09/2013(d)			2,000		2,001		SENIOR FLOATING RATE INTERESTS -		Principal
	1.13%, 09/30/2013			6,000		6,020		19.39	%	Amount (000's)		Value (000's)
	4.63%, 10/15/2014			7,749		8,208		Aerospace & Defense - 0.31%
	Federal Home Loan Banks							Beechcraft Holdings LLC, Term Loan EXIT
	0.17%, 11/25/2013			4,000		4,002		5.75%, 02/15/2020(d)		$	1,214	$	1,220
	0.17%, 12/04/2013			8,000		8,003		Hamilton Sundstrand, Term Loan
	0.23%, 10/15/2014			5,000		4,996		4.00%, 12/05/2019(d)			2,195		2,195
	0.29%, 11/08/2013			5,000		5,004		Sequa Corp, Term Loan
	0.88%, 12/12/2014			4,000		4,035		5.25%, 05/29/2017(d)			1,995		2,014
	Freddie Mac											$	5,429
	0.32%, 12/03/2014			5,000		5,001
	0.32%, 04/29/2015			5,000		4,994		Airlines - 0.36%
	1.00%, 08/20/2014			12,000		12,108		Delta Air Lines Inc, Term Loan
	4.50%, 01/15/2014			3,546		3,640		4.25%, 04/20/2017(d)			861		870
					$	79,750		Delta Air Lines Inc, Term Loan B1
								4.00%, 10/18/2018(d)			2,494		2,500
	Media- 0.03	%						United Airlines Inc, Term Loan
	Clear Channel Communications Inc							4.00%, 03/22/2019(d)			1,500		1,515
	9.00%, 12/15/2019(c)			523		525
								US Airways Inc, Term Loan B1
								4.25%, 05/21/2019(d)			1,500		1,499
	Sovereign - 0.55%											$	6,384
	Italy Buoni Poliennali Del Tesoro							Apparel - 0.04%
	2.10%, 09/15/2016		EUR	6,823		9,033		Wolverine World Wide Inc, Term Loan B
	2.15%, 09/15/2014			420		558		4.00%, 06/26/2019(d)			640		646
					$	9,591
	TOTAL BONDS				$	147,520
	COMMODITY INDEXED STRUCTURED		Principal					Automobile Parts & Equipment - 0.21%
	NOTES- 5.11	%	Amount (000's)			Value(000	's)	Allison Transmission Inc, Term Loan B3
								3.75%, 08/15/2019(d)			744		750
	Banks- 4.41	%						Federal-Mogul Corp, Term Loan B-EXIT
	BNP Paribas SA; Dow Jones - UBS							2.14%, 12/27/2013(d)			486		475
	Commodity Index Linked Note							Federal-Mogul Corp, Term Loan C-EXIT
	0.21%, 06/27/2013(d)		$	6,900		7,351		2.14%, 12/27/2015(d)			248		243
	0.28%, 04/25/2014(d)			5,000		4,191		Schaeffler AG, Term Loan C
	CIBC; Dow Jones - UBS Commodity Index							4.25%, 01/20/2017(d)			2,205		2,232
	Linked Note											$	3,700
	0.00%, 06/28/2013(a),(d)			4,000		3,723
	0.08%, 12/23/2013(d)			9,500		6,882

See accompanying notes.

35

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS			Principal
(continued)		Amount (000's)		Value (000's)	(continued)			Amount (000's)	Value (000's)
Building Materials - 0.01%					Diversified Financial Services - 0.67%
Brand Energy & Infrastructure Services Inc,					LPL Holdings Inc, Term Loan B
Term Loan					3.25%, 03/29/2019(d)		$	1,782	$	1,780
6.25%, 10/16/2018(d)	$	96	$	98	Ocwen Financial Corp, Term Loan B
					5.00%, 02/15/2018(d)			2,000		2,023
					TCW Group Inc, Term Loan B
Chemicals - 0.65%					4.00%, 12/20/2019(d)			1,995		2,018
DuPont Performance Coatings, Term Loan B
4.75%, 01/18/2020(d)		8,000		8,057	Walter Investment Management Corp, Term
					Loan B
Ineos US Finance LLC, Term Loan					5.75%, 11/15/2017(d)			5,899		5,955
4.00%, 04/27/2018(d)		1,545		1,544
Univar Inc, Term Loan B								$		11,776
5.00%, 06/30/2017(d)		1,778		1,764	Electric - 0.24%
		$		11,365	Calpine Corp, Term Loan B3
					4.00%, 09/27/2019(d)			597		602
Commercial Services - 1.36%					Dynegy Inc, Term Loan B2
Booz Allen Hamilton Inc, Term Loan B					4.00%, 04/16/2020(d)			615		617
4.50%, 07/27/2019(d)		871		876
Brand Energy & Infrastructure Services Inc,					Equipower Resources Holdings LLC, Term
					Loan C
Term Loan B1					0.00%, 12/31/2019(d),(f)			1,000		1,005
6.25%, 10/16/2018(d)		401		407
					La Frontera Generation LLC, Term Loan
Bright Horizons Family Solutions Inc, Term					4.50%, 09/30/2020(d)			2,000		2,015
Loan B
4.00%, 01/24/2020(d)		2,993		3,013				$		4,239
Ceridian Corp, Term Loan B-EXT					Electrical Components & Equipment - 0.15%
5.95%, 05/09/2017(d)		4,191		4,218	Wesco Distribution Inc, Term Loan
CHG Buyer Corp, Term Loan					4.50%, 12/04/2019(d)			2,532		2,547
9.00%, 11/13/2020(d)		525		535
Harland Clarke Holdings Corp, Term Loan
B3					Entertainment - 0.41%
7.00%, 04/26/2018(d)		3,627		3,569	AMC Entertainment Inc, Term Loan
					3.50%, 04/23/2020(d)			1,500		1,503
Interactive Data Corp, Term Loan
3.75%, 02/11/2018(d)		483		484	CCM Merger Inc, Term Loan
					5.00%, 03/01/2017(d)			1,124		1,130
Laureate Education Inc, Term Loan EXT
5.25%, 06/15/2018(d)		4,987		5,002	Cinemark USA Inc, Term Loan
					3.20%, 12/13/2019(d)			1,995		2,001
Pharmaceutical Product Development Inc,
Term Loan B					Pinnacle Entertainment Inc, Term Loan A
					4.00%, 03/08/2019(d)			1,235		1,237
4.25%, 12/05/2018(d)		2,230		2,244
Pharmaceutical Research Associates Inc, Term					WMG Acquisition Corp, Delay-Draw Term
Loan					Loan DD
					0.00%, 07/20/2020(d),(f)			433		430
6.50%, 12/10/2017(d)		1,497		1,516
					0.00%, 07/20/2020(d),(f)			67		67
Truven Health Analytics Inc, Term Loan B
4.50%, 05/25/2019(d)		2,073		2,076	WMG Acquisition Corp, Term Loan B
					3.75%, 07/07/2020(d)			828		832
		$		23,940
								$		7,200
Computers - 0.21%
CompuCom Systems Inc, Term Loan					Environmental Control - 0.10%
4.25%, 05/07/2020(d)		331		332	ADS Waste Holdings Inc, Term Loan B
					4.25%, 10/05/2019(d)			748		753
Spansion LLC, Term Loan B
5.25%, 12/11/2018(d)		687		694	CCS Inc, Term Loan
					6.25%, 05/14/2018(d)			1,067		1,079
SunGard Data Systems Inc, Term Loan D
4.50%, 01/20/2020(d)		1,596		1,616				$		1,832
SunGard Data Systems Inc, Term Loan E					Food- 1.69	%
4.00%, 03/07/2020(d)		1,000		1,012	AdvancePierre Foods Inc, Term Loan
		$		3,654	5.75%, 06/20/2017(d)			1,496		1,505
					9.50%, 10/02/2017(d)			675		689
Consumer Products - 0.02%
Spectrum Brands Holdings Inc, Term Loan					Albertsons LLC, Term Loan B1
					4.25%, 03/21/2016(d)			1,815		1,824
4.50%, 11/06/2019(d)		337		341
					Albertsons LLC, Term Loan B2
					4.75%, 05/21/2019(d)			1,185		1,187
Distribution & Wholesale - 0.39%					Aramark Corp, Term Loan C
American Builders & Contractors Supply Co					3.75%, 07/26/2016(d)			3,000		3,028
Inc, Term Loan B					Aramark Corp, Term Loan D
3.50%, 04/05/2020(d)		2,000		2,006	4.00%, 08/22/2019(d)			2,500		2,528
HD Supply Inc, Term Loan					Candy Intermediate Holdings, Term Loan
4.50%, 10/05/2017(d)		1,737		1,749	7.51%, 06/08/2018(d)			342		343
Spin Holdco Inc, Term Loan					Dole Food Co Inc, Term Loan B
4.25%, 11/08/2019(d)		3,000		3,015	3.75%, 04/25/2020(d)			1,000		1,002
		$		6,770	HJ Heinz Co, Term Loan B2
					0.00%, 03/27/2020(d),(f)			6,500		6,555
					Pinnacle Foods Finance LLC, Term Loan G
					3.25%, 04/29/2020(d)			1,000		1,000

See accompanying notes.

36

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)		Value (000's)	(continued)		Amount (000's)	Value (000's)
Food (continued)					Healthcare - Services (continued)
Supervalu Inc, Term Loan					Skilled Healthcare Group Inc, Term Loan
5.00%, 03/21/2019(d)	$	999	$	996	6.75%, 04/09/2016(d)	$	975	$	981
US Foods Inc, Term Loan					Steward Health Care System LLC, Term
0.00%, 05/31/2019(d),(f)		3,000		2,989	Loan
5.75%, 03/31/2017(d)		980		984	6.75%, 04/10/2020(d)		1,000		1,007
US Foods Inc, Term Loan EXT					United Surgical Partners International Inc,
5.75%, 03/31/2017(d)		3,566		3,602	Term Loan B
Wilton Brands LLC, Term Loan B					4.75%, 03/19/2019(d)		5,225		5,288
7.50%, 08/22/2018(d)		1,463		1,471	Vanguard Health Holding Co II LLC, Term
		$		29,703	Loan
					3.75%, 01/29/2016(d)		1,238		1,249
Forest Products & Paper - 0.07%							$		30,839
Xerium Technologies Inc, Term Loan
7.25%, 05/02/2019(d)		1,250		1,259	Home Furnishings - 0.05%
					Tempur-Pedic International Inc, Term Loan B
					3.50%, 11/20/2019(d)		813		814
Hand & Machine Tools - 0.17%
Apex Tool Group LLC, Term Loan B
4.50%, 01/25/2020(d)		3,000		3,019	Household Products & Wares - 0.14%
					Sun Products Corp, Term Loan B
					5.50%, 03/21/2020(d)		2,500		2,494
Healthcare - Products - 0.62%
Bausch & Lomb Inc, Term Loan
4.00%, 05/17/2019(d)		1,985		1,988	Insurance - 0.42%
Hologic Inc, Term Loan B					Alliant Insurance Services Inc, Term Loan
4.50%, 07/19/2019(d)		1,137		1,144	5.00%, 12/07/2019(d)		2,993		3,007
Kinetic Concepts Inc, Term Loan C1					Cunningham Lindsey US Inc, Term Loan
5.50%, 05/04/2018(d)		2,388		2,416	5.00%, 10/18/2019(d)		1,298		1,309
Kinetic Concepts Inc, Term Loan C2					USI Holdings Corp, Term Loan
5.00%, 11/04/2016(d)		988		999	5.25%, 12/14/2019(d)		2,993		3,012
Onex Carestream Finance LP, Term Loan							$		7,328
5.00%, 02/25/2017(d)		3,418		3,416
WP Prism Inc, PIK Term Loan					Internet - 0.45%
6.25%, PIK 6.00%, 05/31/2018(d),(g)		1,000		1,002	Endurance International Group Inc/The, Term
		$		10,965	Loan
					6.25%, 05/08/2020(d)		1,995		2,008
Healthcare - Services - 1.76%					10.25%, 05/08/2020(d)		900		909
Apria Healthcare Group Inc, Term Loan					Internet Brands Inc, Term Loan
6.75%, 04/01/2020(d)		3,000		3,020	6.25%, 03/13/2019(d)		700		701
Ardent Medical Services Inc, Term Loan					ION Trading Technologies Ltd Inc, Term
6.75%, 05/19/2018(d)		599		605	Loan
CHS/Community Health Systems Inc, Term					4.50%, 05/22/2020(d)		2,000		2,014
Loan EXT					VFH Parent LLC, Term Loan
3.77%, 01/25/2017(d)		120		121	5.75%, 07/08/2016(d)		1,000		1,007
DaVita HealthCare Partners Inc, Term Loan					Zayo Group LLC, Term Loan
A3					4.50%, 06/15/2019(d)		1,290		1,298
2.70%, 08/24/2017(d)		3,950		3,959			$		7,937
DaVita HealthCare Partners Inc, Term Loan
B2					Investment Companies - 0.11%
4.00%, 08/21/2019(d)		1,496		1,512	RPI Finance Trust, Term Loan
					4.00%, 11/09/2018(d)		1,995		2,003
Drumm Investors LLC, Term Loan
5.00%, 05/04/2018(d)		3,470		3,339
Genesis Healthcare LLC, Term Loan					Leisure Products & Services - 0.37%
10.00%, 10/02/2017(d)		594		612	Bombardier Recreational Products Inc, Term
Health Management Associates Inc, Term					Loan B
Loan B					5.00%, 01/23/2019(d)		5,280		5,314
3.50%, 11/22/2018(d)		972		978	Equinox Holdings Inc, Term Loan
Heartland Dental Care Inc, Term Loan					4.50%, 01/31/2020(d)		1,250		1,258
6.25%, 12/20/2018(d)		1,496		1,515			$		6,572
IASIS Healthcare LLC, Term Loan B2
4.50%, 05/03/2018(d)		2,241		2,247	Leisure Time - 0.09%
LHP Operations Co LLC, Term Loan					Sabre Inc, Term Loan C
9.00%, 06/29/2018(d)		324		331	4.00%, 02/15/2018(d)		1,492		1,501
LifePoint Hospitals Inc, Term Loan B
2.70%, 07/31/2017(d)		873		878	Lodging - 0.29%
Select Medical Corp, Term Loan B					Caesars Entertainment Operating Co Inc, Term
5.50%, 06/01/2018(d)		701		705	Loan B6
5.50%, 06/01/2018(d)		233		235	5.44%, 01/28/2015(d)		3,553		3,172
Sheridan Holdings Inc, Term Loan					MGM Resorts International, Term Loan B
4.50%, 06/29/2018(d)		1,741		1,752	3.50%, 12/13/2019(d)		1,995		1,999
9.00%, 06/29/2019(d)		500		505
							$		5,171

See accompanying notes.

37

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
SENIOR FLOATING RATE INTERESTS				Principal			SENIOR FLOATING RATE INTERESTS			Principal
	(continued)			Amount (000's)	Value (000's)		(continued)			Amount (000's)	Value (000's)
	Media- 1.83	%					Packaging & Containers (continued)
	Charter Communications Operating LLC,						Pact Group Inc, Term Loan
	Term Loan F						3.75%, 05/22/2020(d)		$	2,000	$	2,007
	3.00%, 01/19/2021(d)		$	1,238	$	1,233				$		2,256
	Clear Channel Communications Inc, Term
	Loan B						Pharmaceuticals - 0.69%
	3.89%, 01/29/2016(d)			10,596		9,834	Generic Drug Holdings Inc, Term Loan
							5.00%, 10/04/2019(d)			1,298		1,307
	EMI Music Publishing LLC, Term Loan B
	4.25%, 03/05/2018(d)			2,537		2,552	Grifols Inc, Term Loan
							4.25%, 06/01/2017(d)			984		991
	FoxCo Acquisition Sub LLC, Term Loan
	5.50%, 07/31/2017(d)			564		571	Par Pharmaceutical Cos Inc, Term Loan B1
							4.25%, 09/28/2019(d)			1,658		1,660
	Kabel Deutschland Vertrieb und Service
	GmbH, Term Loan F						Quintiles Transnational Corp, Term Loan B2
							4.50%, 06/08/2018(d)			2,494		2,519
	3.25%, 02/01/2019(d)			1,000		999
	McGraw-Hilll Education Holdings LLC, Term						Valeant Pharmaceuticals International Inc,
	Loan						Term Loan D
							3.50%, 09/27/2019(d)			4,379		4,401
	9.00%, 03/18/2019(d)			3,000		2,989
	Mediacom Broadband LLC, Term Loan G						Warner Chilcott Co LLC, Term Loan B1
							4.25%, 03/15/2018(d)			504		507
	4.00%, 08/15/2020(d)			995		1,003
							4.25%, 08/15/2018(d)			219		221
	Nine Entertainment Co Pty Ltd, Term Loan
	3.50%, 01/31/2020(d)			5,500		5,521	Warner Chilcott Co LLC, Term Loan B2
							4.25%, 03/15/2018(d)			179		180
	TL Acquisitions Inc, Term Loan
	2.70%, 07/03/2014(d)			786		617	Warner Chilcott Co LLC, Term Loan B3
							4.25%, 03/15/2018(d)			397		399
	Tribune Co, Term Loan B-EXIT
	4.00%, 12/17/2019(d)			2,993		3,024				$		12,185
	Virgin Media Investment Holdings Ltd, Term						Pipelines - 0.11%
	Loan B						Ruby Western Pipeline Holdings LLC, Term
	0.00%, 02/15/2020(d),(f)			1,000		998	Loan
	WideOpenWest Finance LLC, Term Loan B2						3.50%, 03/22/2020(d)			2,000		2,010
	4.75%, 03/26/2019(d)			2,788		2,807
				$		32,148
							Private Equity - 0.02%
	Metal Fabrication & Hardware - 0.12%						American Capital Ltd, Term Loan
	Ameriforge Group Inc, Term Loan						5.50%, 08/15/2017(d)			425		430
	5.00%, 01/22/2020(d)			1,995		2,018
							Real Estate - 0.21%
	Miscellaneous Manufacturing - 0.11%						Capital Automotive LP, Term Loan
	FGI Operating Co LLC, Term Loan B						6.00%, 04/18/2020(d)			1,500		1,553
	5.50%, 04/13/2019(d)			993		995	Capital Automotive LP, Term Loan B1
	Rexnord LLC/RBS Global Inc, Term Loan B						4.00%, 04/05/2019(d)			619		623
	3.75%, 04/04/2018(d)			996		1,007	Realogy Group LLC, Term Loan EXT
				$		2,002	4.50%, 10/10/2016(d)			1,500		1,513
	Oil & Gas - 0.60%									$		3,689
	EP Energy LLC, Term Loan B3						REITS- 0.17	%
	3.50%, 05/24/2018(d)			750		754	iStar Financial Inc, Term Loan
	Offshore Group Investment Ltd, Term Loan						4.50%, 10/11/2017(d)			2,788		2,815
	5.75%, 03/22/2019(d)			1,500		1,517	iStar Financial Inc, Term Loan A1
	Pacific Drilling SA, Term Loan						5.25%, 03/19/2016(d)			181		182
	0.00%, 05/18/2018(d),(f)			1,500		1,506				$		2,997
	Plains Exploration & Production Co, Term
	Loan B						Retail - 1.17%
	5.18%, 10/15/2019(d),(h)			1,500		1,500	BJ's Wholesale Club Inc, Term Loan
							4.25%, 09/26/2019(d)			2,353		2,360
	Rice Drilling B LLC, Term Loan
	8.50%, 10/11/2018(d)			1,500		1,519	Charlotte Russe Inc, Term Loan
							6.75%, 05/25/2019(d)			1,000		990
	Samson Investment Co, Term Loan
	6.00%, 09/19/2018(d)			625		629	Collective Brands Inc, Term Loan
							7.25%, 09/19/2019(d)			1,368		1,382
	Tesoro Corp, Term Loan B
	0.00%, 01/30/2016(d),(f)			3,000		3,030	JC Penney Corp Inc, Term Loan
							6.00%, 05/21/2018(d)			1,500		1,520
				$		10,455
							Jo-Ann Stores Inc, Term Loan
	Oil & Gas Services - 0.14%						4.00%, 03/19/2018(d)			1,713		1,724
	Frac Tech International LLC, Term Loan						Landry's Inc, Term Loan
	8.50%, 05/06/2016(d)			426		418	4.75%, 04/19/2018(d)			2,977		3,011
	Saxon Energy Services Inc, Term Loan						Michaels Stores Inc, Term Loan B
	5.50%, 02/13/2019(d)			2,000		2,020	3.75%, 01/24/2020(d)			2,069		2,078
				$		2,438	Philips Van Heusen, Term Loan B
							3.25%, 12/19/2019(d)			3,000		3,013
	Packaging & Containers - 0.13%						Pilot Travel Centers LLC, Term Loan B
	FleetPride Corp, Term Loan						4.25%, 08/06/2019(d)			995		985
	5.25%, 11/15/2019(d)			249		249

See accompanying notes.

38

Schedule of Investments
Diversified Real Asset Fund
May 31, 2013 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)		Value (000's)	(continued)	Amount (000's)		Value (000's)
Retail (continued)					Transportation - 0.01%
Rite Aid Corp, Term Loan					American Commercial Lines LLC, Term
5.75%, 07/07/2020(d)	$	2,000	$	2,066	Loan
Serta Simmons Holdings LLC, Term Loan					7.50%, 09/20/2019(d)	$	202	$	199
5.00%, 09/19/2019(d)		748		752
Wendy's International Inc, Term Loan B					TOTAL SENIOR FLOATING RATE INTERESTS			$	340,750
3.25%, 05/15/2019(d)		616		619	U.S. GOVERNMENT & GOVERNMENT		Principal
		$		20,500	AGENCY OBLIGATIONS - 21.77%	Amount (000's)		Value (000's)
Semiconductors - 0.37%					Federal Home Loan Bank - 0.23%
Freescale Semiconductor Inc, Term Loan					0.10%, 01/17/2014(i)	$	4,000	$	3,998
5.00%, 02/13/2020(d)		3,500		3,516
NXP Semiconductor LLC, Term Loan C					Federal Home Loan Mortgage Corporation (FHLMC) - 0.80%
4.75%, 01/11/2020(d)		2,993		3,052
		$		6,568	0.12%, 08/28/2013(i)		7,000		6,999
					0.15%, 08/20/2013(i)		7,000		7,000
Software - 0.64%								$	13,999
Blackboard Inc, Term Loan B2
6.25%, 10/04/2018(d)		1,462		1,486	Federal National Mortgage Association (FNMA) - 1.14%
Datatel Parent Corp, Term Loan B					0.10%, 01/21/2014(i)		7,000		6,996
4.50%, 07/19/2018(d)		1,466		1,475	0.13%, 10/01/2013(i)		8,000		7,998
Emdeon Inc, Term Loan B2					0.15%, 09/16/2013(i)		5,000		4,999
3.75%, 11/02/2018(d)		2,488		2,503				$	19,993
Epicor Software Corp, Term Loan B1
4.50%, 05/16/2018(d)		987		998	U.S. Treasury - 2.10%
Genesys Telecom Holdings US Inc, Term					0.25%, 04/30/2014		5,000		5,005
Loan B					0.88%, 01/31/2018		5,115		5,089
4.00%, 01/31/2020(d)		439		441	1.25%, 02/15/2014		5,000		5,039
Infor US Inc, Term Loan B2					1.25%, 03/15/2014		7,000		7,061
5.34%, 04/05/2018(d)		1,737		1,753	2.63%, 07/31/2014		7,000		7,198
RedPrairie, Term Loan					2.88%, 05/15/2043		125		115
6.75%, 12/14/2018(d)		2,195		2,224	3.13%, 02/15/2043		300		290
11.25%, 12/14/2019(d)		400		423	4.00%, 02/15/2014		7,000		7,190
		$		11,303				$	36,987
Telecommunications - 1.71%					U.S. Treasury Inflation-Indexed Obligations - 17.50%
Alcatel-Lucent USA Inc, Term Loan C					0.13%, 04/15/2016		46,373		47,967
7.25%, 01/29/2019(d)		3,491		3,526	0.13%, 04/15/2017		8,525		8,884
ARRIS Group Inc, Term Loan B					0.13%, 04/15/2018		12,678		13,294
3.50%, 02/07/2020(d)		1,000		999	0.13%, 01/15/2022		9,519		9,807
Cricket Communications Inc, Term Loan					0.13%, 07/15/2022		7,227		7,445
4.75%, 10/03/2019(d)		474		476	0.13%, 01/15/2023		37,361		38,027
Cricket Communications Inc, Term Loan C					0.50%, 04/15/2015		17,250		17,740
4.75%, 03/01/2020(d)		4,000		4,025	0.63%, 02/15/2043		5,513		5,006
Fairpoint Communications Inc, Term Loan B					0.75%, 02/15/2042		10,186		9,653
7.50%, 02/14/2019(d)		3,000		2,968	1.13%, 01/15/2021		4,533		5,074
Integra Telecom Holdings Inc, Term Loan					1.25%, 04/15/2014		7,655		7,772
6.00%, 02/19/2019(d)		1,000		1,010	1.25%, 07/15/2020		2,049		2,322
Intelsat Jackson Holdings SA, Term Loan B1					1.38%, 01/15/2020		2,511		2,843
4.25%, 04/02/2018(d)		4,220		4,245	1.63%, 01/15/2015		2,255		2,352
IPC Systems Inc, Term Loan B					1.75%, 01/15/2028		9,583		11,418
5.44%, 06/01/2015(d)		1,000		830	1.88%, 07/15/2015		5,697		6,092
IPC Systems Inc, Term Loan C					1.88%, 07/15/2019		398		464
7.75%, 07/31/2017(d)		498		480	2.00%, 01/15/2014		11,962		12,129
Level 3 Financing Inc, Term Loan BII					2.00%, 07/15/2014		5,428		5,619
4.75%, 08/01/2019(d)		2,000		2,014	2.00%, 01/15/2016		2,228		2,412
LTS Buyer LLC, Term Loan B					2.00%, 01/15/2026		3,167		3,867
4.50%, 04/01/2020(d)		143		144	2.13%, 01/15/2019		1,658		1,933
Syniverse Technologies Inc, Term Loan					2.13%, 02/15/2040		4,606		5,985
4.00%, 04/20/2019(d)		2,000		2,007	2.13%, 02/15/2041		6,040		7,865
Telesat Canada, Term Loan B2					2.38%, 01/15/2025		14,910		18,768
3.50%, 03/26/2019(d)		1,604		1,613	2.38%, 01/15/2027		5,338		6,816
UPC Financing Partnership, Term Loan AF					2.50%, 07/15/2016		8,741		9,777
4.00%, 01/31/2021(d)		2,925		2,937	2.50%, 01/15/2029		7,183		9,389
Windstream Corp, Term Loan B3					3.38%, 04/15/2032		790		1,182
4.00%, 08/03/2019(d)		744		751	3.63%, 04/15/2028		7,808		11,451
Windstream Corp, Term Loan B4					3.88%, 04/15/2029		9,324		14,213
3.50%, 01/10/2020(d)		1,995		2,001				$	307,566
		$		30,026	TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY OBLIGATIONS
								$	382,543
					TOTAL PURCHASED INTEREST RATE SWAPTIONS - 0.04%			$	748

See accompanying notes.

39

Schedule of Investments Diversified Real Asset Fund May 31, 2013 (unaudited)
				Maturity
	REPURCHASE AGREEMENTS - 1.65%		Amount (000's)			Value(000	's)
	Banks- 1.65	%
Investment in Joint Trading Account; Credit			$	4,668	$	4,669
	Suisse Repurchase Agreement; 0.06%
	dated 05/31/2013 maturing 06/03/2013
	(collateralized by US Government
	Securities; $4,761,744; 4.25% - 6.13%;
	dated 11/15/27 - 11/15/39)
Investment in Joint Trading Account; Deutsche				11,671		11,671
	Bank Repurchase Agreement; 0.07% dated
	05/31/2013 maturing 06/03/2013
	(collateralized by US Government
	Securities; $11,904,359; 0.00% - 7.25%;
	dated 06/07/13 - 05/15/30)
Investment in Joint Trading Account; JP				7,209		7,208
	Morgan Repurchase Agreement; 0.07%
	dated 05/31/2013 maturing 06/03/2013
	(collateralized by US Government
	Securities; $7,352,691; 0.00% - 10.35%;
	dated 06/03/13 - 11/23/35)
Investment in Joint Trading Account; Merrill				5,492		5,492
	Lynch Repurchase Agreement; 0.05%
	dated 05/31/2013 maturing 06/03/2013
	(collateralized by US Government
	Securities; $5,602,051; 0.13% - 5.38%;
	dated 04/30/15 - 02/15/31)
					$	29,040
	TOTAL REPURCHASE AGREEMENTS				$	29,040
	Total Investments				$	1,729,706
	Other Assets in Excess of Liabilities, Net - 1.58%				$	27,761
	TOTAL NET ASSETS - 100.00%				$	1,757,467

(a)	Non-Income Producing Security
(b)	Security is Illiquid
(c)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Unless otherwise indicated, these securities are not considered illiquid. At the end of the period, the value of these securities totaled $14,220 or 0.81% of net assets.
(d)	Variable Rate. Rate shown is in effect at May 31, 2013.
(e)	Security purchased on a when-issued basis.
(f)	This Senior Floating Rate Note will settle after May 31, 2013, at which time the interest rate will be determined.
(g)	Payment in kind; the issuer has the option of paying additional securities in lieu of cash.
(h)	Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Board of Directors. At the end of the period, the fair value of these securities totaled $1,500 or 0.09% of net assets.
(i)	Rate shown is the discount rate of the original purchase.

Portfolio Summary (unaudited)
Sector	Percent
Government	30 .84	%
Energy	23 .78	%
Financial	14 .35	%
Utilities	6.80	%
Consumer, Non-cyclical	6.80	%
Communications	5.52	%
Consumer, Cyclical	3.45	%
Industrial	3.44	%
Basic Materials	2.07	%
Technology	1.22	%
Diversified	0.11	%
Purchased Interest Rate Swaptions	0.04	%
Other Assets in Excess of Liabilities, Net	1.58	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

40

Schedule of Investments Diversified Real Asset Fund May 31, 2013 (unaudited)
Foreign Currency Contracts
Foreign Currency Sale			Delivery Date								Contracts to Deliver					In Exchange For				Fair Value				Net Unrealized Appreciation/(Depreciation)
Contracts	Counterparty
Euro	Bank of America NA					07/23/2013					676,000				$			884			$	879		$		5
Euro	Barclays Bank PLC					07/23/2013					2,061,000							2,690				2,679				11
Euro	Deutsche Bank AG					07/23/2013					1,744,317							2,257				2,268				(11	)
Euro	Goldman Sachs & Co					07/23/2013					2,667,000							3,431				3,467				(36	)
Total																								$		(31	)
Amounts in thousands except contracts
Futures Contracts
Type			Long/Short				Contracts			Notional Value								Fair Value						Unrealized Appreciation/(Depreciation)
UK 10 Year Gilt; September 2013				Short					36	$				6,333		$						6,335		$		(2	)
US 10 Year Note; June 2013				Short					19					2,480								2,475				5
US 10 Year Note; September 2013				Long					266			34,600										34,372				(228	)
US 2 Year Note; September 2013				Short					21					4,628								4,623				5
US 5 Year Note; September 2013				Long					26					3,194								3,183				(11	)
US Long Bond; September 2013				Short					37					5,247								5,181				66
US Ultra Bond; September 2013				Short					37					5,647								5,628				19
Total																								$		(146	)
Amounts in thousands except contracts
Interest Rate Swaps
Counterparty (Issuer)	Floating Rate Index	(Pay)/ Receive Floating Rate	Fixed Rate			Expiration Date				Notional Amount				Fair Value				Upfront Premiums Paid/(Received)						Unrealized Appreciation/(Depreciation)
Barclays Bank PLC 3 Month LIBOR		Pay		1.98	%	03/07/2023			$	900			$			(27	)	$				—		$		(27	)
Barclays Bank PLC 3 Month LIBOR		Pay		2.50	%	03/17/2024				2,600						(34	)					—				(34	)
Barclays Bank PLC 3 Month LIBOR		Receive		2.48	%	07/09/2042				1,000				153								—				153
Barclays Bank PLC 3 Month LIBOR		Receive		2.58	%	11/29/2042				1,400				187								—				187
Total												$		279				$				—		$		279
Amounts in thousands
Interest Rate Swaptions
Purchased Swaptions Outstanding	Counterparty (Issuer)	Floating Rate Index		Pay/ Receive Floating Rate			Exercise Rate		Expiration Date			Notional Amount				Upfront Premiums Paid/(Received)				Fair Value				Unrealized Appreciation/(Depreciation)
Put - 10 Year Interest Barclays Bank PLC		3 Month		Pay			3.25	%	02/09/2016		$			10,600		$		484		$		585		$		101
Rate Swap		LIBOR
Put - 10 Year Interest Barclays Bank PLC		3 Month		Receive			3.00	%	03/14/2014					9,700				144				163				19
Rate Swap		LIBOR
Total																$		628		$		748		$		120
Written Swaptions Outstanding	Counterparty (Issuer)	Floating Rate Index		Pay/ Receive Floating Rate			Exercise Rate		Expiration Date			Notional Amount				Upfront Premiums Paid/(Received)				Fair Value					Unrealized Appreciation/(Depreciation)
Call - 5 Year Interest Barclays Bank PLC		3 Month		Receive			1.00	%	10/20/2014		$			9,200		$		(42	)	$		(19	)		$	23
Rate Swap		LIBOR
Call - 5 Year Interest Barclays Bank PLC		3 Month		Receive			1.40	%	02/14/2015					15,000				(119	)			(91	)			28
Rate Swap		LIBOR
Put - 10 Year Interest Barclays Bank PLC		3 Month		Pay			2.50	%	04/11/2014					4,700				(92	)			(177	)			(85	)
Rate Swap		LIBOR
Put - 5 Year Interest	Barclays Bank PLC	3 Month		Pay			2.00	%	10/20/2014					9,200				(73	)			(172	)			(99	)
Rate Swap		LIBOR
Put - 5 Year Interest	Barclays Bank PLC	3 Month		Pay			2.40	%	02/14/2015					15,000				(214	)			(266	)			(52	)
Rate Swap		LIBOR
Total																$		(540	)	$		(725			) $	(185	)
Amounts in thousands

See accompanying notes.

41

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 55.08%	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Advertising - 0.36%					Automobile Manufacturers - 0.71%
Dentsu Inc	5,700	$	173		China Motor Corp	41,000	$		38
Gendai Agency Inc	8,400		48		Daihatsu Motor Co Ltd	6,000			127
Interpublic Group of Cos Inc/The (a)	50,722		721		Dongfeng Motor Group Co Ltd	46,000			72
Lamar Advertising Co (a),(b)	4,394		205		Fiat Industrial SpA	48,417			557
Omnicom Group Inc (a),(c)	23,823		1,480		Fiat SpA (b)	12,413			97
Tri-Stage Inc	3,400		38		Ford Motor Co	32,275			506
WPP PLC	20,094		342		Fuji Heavy Industries Ltd	15,000			338
		$	3,007		Geely Automobile Holdings Ltd	125,000			61
					General Motors Co (b)	8,320			282
Aerospace & Defense - 0.87%					Hino Motors Ltd	25,000			355
Alliant Techsystems Inc (a)	3,600		283
B/E Aerospace Inc (a),(b)	1,600		102		Honda Motor Co Ltd	11,678			434
					Isuzu Motors Ltd	82,243			611
Curtiss-Wright Corp	15,260		555		Kia Motors Corp	873			45
Embraer SA ADR	1,500		54		Mitsubishi Motors Corp (b)	34,000			52
Esterline Technologies Corp (b)	900		66
					Nissan Motor Co Ltd	73,442			793
Exelis Inc	14,080		171		Oshkosh Corp (b)	7,440			296
GenCorp Inc (b)	5,985		82
General Dynamics Corp (a)	7,263		560		PACCAR Inc	15,950			855
					Suzuki Motor Corp	10,700			260
Jamco Corp	8,900		112		Tata Motors Ltd ADR	2,600			71
L-3 Communications Holdings Inc (a)	14,982		1,275
					UMW Holdings Bhd	24,900			116
Lockheed Martin Corp	4,340		459				$		5,966
MTU Aero Engines AG	18		2
Northrop Grumman Corp (a)	10,434		859		Automobile Parts & Equipment - 0.73%
Raytheon Co (a)	5,700		380		Aisin Seiki Co Ltd	600			22
Rockwell Collins Inc (a)	2,382		154		Allison Transmission Holdings Inc	27,800			662
Rolls-Royce Holdings PLC (b)	26,197		475		Autoliv Inc	2,600			204
Safran SA	7,717		410		Bridgestone Corp	2,200			71
Spirit Aerosystems Holdings Inc (b)	1,200		26		Calsonic Kansei Corp	27,000			117
TransDigm Group Inc	2,425		355		Cheng Shin Rubber Industry Co Ltd	4,000			12
United Technologies Corp (a)	9,336		886		Dana Holding Corp	12,441			235
		$	7,266		Delphi Automotive PLC	3,045			149
					Denso Corp	3,500			145
Agriculture - 0.59%					Exedy Corp	26,977			676
Altria Group Inc (a)	17,333		626
					Georg Fischer AG (b)	301			138
Archer-Daniels-Midland Co (a)	10,900		351
					Goodyear Tire & Rubber Co/The (a),(b)	36,956			560
Asian Citrus Holdings Ltd	343,697		147		Hyundai Wia Corp	772			112
British American Tobacco PLC ADR	1,327		146		JTEKT Corp	18,600			201
Bunge Ltd	15,735		1,095		Keihin Corp	13,100			188
Japan Tobacco Inc	28,291		963		KYB Co Ltd	3,000			16
Kernel Holding SA (b)	1,122		19
Lorillard Inc (a)	7,742		329		Musashi Seimitsu Industry Co Ltd	4,700			108
Philip Morris International Inc (a)	9,814		892		NHK Spring Co Ltd	11,500			130
Reynolds American Inc (a)	6,124		295		NOK Corp	14,100			225
					Stanley Electric Co Ltd	20,375			372
Swedish Match AB	2,308		80		Sumitomo Electric Industries Ltd	7,900			94
		$	4,943		Tachi-S Co Ltd	13,853			202
Airlines - 0.35%					Tenneco Inc (b)	15,880			704
Air China Ltd	34,000		28		Tokai Rika Co Ltd	7,600			140
Alaska Air Group Inc (b)	4,400		250		Toyota Boshoku Corp	8,400			120
ANA Holdings Inc	20,000		42		TRW Automotive Holdings Corp (b)	1,500			95
China Southern Airlines Co Ltd	82,000		38		WABCO Holdings Inc (a),(b)	4,000			302
Copa Holdings SA	200		26		Yokohama Rubber Co Ltd/The	12,000			120
Delta Air Lines Inc (a)	58,297		1,050				$		6,120
Deutsche Lufthansa AG (b)	8,569		184
SkyWest Inc (a)	28,204		396		Banks - 2.83%
Southwest Airlines Co (a)	24,985		354		ABSA Group Ltd	481			7
					Agricultural Bank of China Ltd	8,000			4
Turk Hava Yollari Anonium Ortakligi	47,870		222		AMMB Holdings Bhd	9,500			23
United Continental Holdings Inc (b)	11,470		372
					Associated Banc-Corp (a)	4,300			66
		$	2,962		Banca Popolare dell'Emilia Romagna Scrl (b)	28,727			240
Apparel - 0.14%					Banco Bradesco SA ADR	6,040			97
Adidas AG	1,450		158		Banco do Brasil SA	6,500			76
Carter's Inc	2,100		151		Bangkok Bank PCL	7,100			48
Crocs Inc (a),(b)	9,700		171		Bank of America Corp (a)	32,134			439
Nike Inc	2,304		142		Bank of Ayudhya PCL	33,500			37
Quiksilver Inc (b)	25,750		203		Bank of China Ltd	225,000			106
Ralph Lauren Corp	100		18		Bank of New York Mellon Corp/The (a)	35,037			1,053
True Religion Apparel Inc	10,089		321		Bank of Yokohama Ltd/The	7,000			34
TSI Holdings Co Ltd	6,560		42		Bank Rakyat Indonesia Persero Tbk PT	32,500			29
		$	1,206		BOK Financial Corp	6,220			405
					Capital One Financial Corp (a)	14,130			861
					Chiba Bank Ltd/The	13,000			81

See accompanying notes.

42

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Banks (continued)					Beverages (continued)
China Construction Bank Corp	221,000	$	178		Constellation Brands Inc (a),(b)	11,327	$		600
Citigroup Inc (c)	24,490		1,273		DE Master Blenders 1753 NV (b)	22,859			359
Commerce Bancshares Inc/MO (a)	41		2		Diageo PLC	8,960			265
Credicorp Ltd	100		14		Dr Pepper Snapple Group Inc (a)	12,946			596
Cullen/Frost Bankers Inc	1,710		110		Fomento Economico Mexicano SAB de CV	400			43
Deutsche Bank AG	327		15		ADR
DNB ASA	12,751		206		Grupo Modelo SAB de CV	89,883			812
East West Bancorp Inc	2,900		76		Kirin Holdings Co Ltd	16,924			276
Eighteenth Bank Ltd/The	41,000		91		LT Group Inc (b)	499,665			291
Fifth Third Bancorp (a)	86,836		1,581		Molson Coors Brewing Co	16,240			803
First Republic Bank/CA	7,270		270		Monster Beverage Corp (b)	1,628			89
FirstRand Ltd	24,278		71		PepsiCo Inc (a)	16,567			1,338
Fukuoka Financial Group Inc	38,000		154				$		9,029
Fulton Financial Corp (a)	6,500		75
Goldman Sachs Group Inc/The (a)	6,826		1,106		Biotechnology - 0.83%
					Alexion Pharmaceuticals Inc (a),(b)	1,569			153
Grupo Financiero Banorte SAB de CV	17,100		109		Amgen Inc (a)	7,537			758
HDFC Bank Ltd ADR	1,900		76		Arena Pharmaceuticals Inc (b)	58,075			513
Higashi-Nippon Bank Ltd/The	33,000		69		Biogen Idec Inc (a),(b),(c)	3,650			867
HSBC Holdings PLC ADR	2,706		148		Celgene Corp (b)	1,800			223
Huntington Bancshares Inc/OH (a)	10,500		81
					Charles River Laboratories International Inc (b)	4,200			182
ICICI Bank Ltd ADR	1,100		49		Gilead Sciences Inc (a),(b)	26,286			1,432
Industrial & Commercial Bank of China Ltd	163,000		114		Life Technologies Corp (b)	5,856			434
Itau Unibanco Holding SA ADR	4,070		61		Puma Biotechnology Inc (b)	3,475			135
JP Morgan Chase & Co (a)	41,534		2,268
					Regeneron Pharmaceuticals Inc (b)	1,790			433
Kasikornbank PCL - NVDR	8,400		54		Seattle Genetics Inc (b)	5,135			176
KeyCorp (a)	34,300		370
					Vertex Pharmaceuticals Inc (b)	20,290			1,629
Krung Thai Bank PCL	80,250		59
M&T Bank Corp	10,440		1,096				$		6,935
Malayan Banking Bhd	14,700		48		Building Materials - 0.55%
Mitsubishi UFJ Financial Group Inc	171,518		996		Armstrong World Industries Inc (a),(b)	12,720			661
Mizuho Financial Group Inc	29,900		57		Buzzi Unicem SpA	2,651			44
Morgan Stanley	16,020		415		China Shanshui Cement Group Ltd	31,000			16
Nedbank Group Ltd	953		17		Duratex SA	2,900			20
Nordea Bank AB	8,934		110		Headwaters Inc (a),(b)	32,317			343
North Pacific Bank Ltd	7		—		HeidelbergCement AG	938			71
Northern Trust Corp (a)	3,851		224		Lennox International Inc (a)	15,950			1,021
Oita Bank Ltd/The	29,000		91		Masco Corp (a)	25,122			528
PNC Financial Services Group Inc/The (a)	21,508		1,541		Norbord Inc	14,348			469
Popular Inc (b)	2,580		77		Ply Gem Holdings Inc (b)	400			9
PrivateBancorp Inc (a)	31,041		601		Sanwa Holdings Corp	13,000			68
Public Bank Bhd	6,000		33		Sika AG	19			47
Regions Financial Corp (a)	29,400		268		Sumitomo Osaka Cement Co Ltd	23,000			68
Resona Holdings Inc	62,900		282		Vulcan Materials Co (a)	23,331			1,250
Shinsei Bank Ltd	46,000		107				$		4,615
Shizuoka Bank Ltd/The	4,000		42
Skandinaviska Enskilda Banken AB	22,619		235		Chemicals - 1.69%
Standard Bank Group Ltd	317		4		Airgas Inc (a)	3,656			376
State Bank of India Ltd	283		21		Akzo Nobel NV	12,469			798
State Street Corp (a)	7,119		472		Albemarle Corp (a)	3,443			230
Sumitomo Mitsui Financial Group Inc	28,545		1,127		Asahi Kasei Corp	17,000			114
SunTrust Banks Inc	3,200		103		Ashland Inc (a)	13,424			1,194
Swedbank AB	9,705		231		Axiall Corp	3,140			135
Synovus Financial Corp (a)	92,337		253		Braskem SA ADR(b)	500			8
Taiwan Business Bank (b)	680		—		Brenntag AG	532			81
Tochigi Bank Ltd/The	22,000		76		Cabot Corp (a)	2,000			82
Tokyo Tomin Bank Ltd/The	7,500		81		Celanese Corp (a)	1,000			49
Turkiye Halk Bankasi AS	7,151		76		CF Industries Holdings Inc (a)	2,000			382
US Bancorp/MN (a)	11,841		416		China BlueChemical Ltd	44,000			27
Wells Fargo & Co (a)	50,951		2,067		China Petrochemical Development Corp	19,300			10
Wilshire Bancorp Inc (a)	23,710		157		Cytec Industries Inc (a)	3,200			229
Yamanashi Chuo Bank Ltd/The	19,000		76		Daicel Corp	9,000			72
		$	23,686		Denki Kagaku Kogyo KK	5,000			17
					DIC Corp	32,000			73
Beverages - 1.08%					Dow Chemical Co/The (a)	46,802			1,613
Anheuser-Busch InBev NV	21,061		1,939		Eastman Chemical Co	700			50
Arca Continental SAB de CV	8,762		69		Fujimi Inc	11,600			131
Carlsberg A/S	1,020		97		Hitachi Chemical Co Ltd	19,100			298
Cia de Bebidas das Americas ADR	1,900		72		Huntsman Corp	2,800			54
Coca-Cola Co/The (a)	14,582		583		KCC Corp	86			26
Coca-Cola Enterprises Inc (a)	20,264		753		Koninklijke DSM NV	2,594			170
Coca-Cola Femsa SAB de CV ADR	300		44		LG Chem Ltd	121			29

See accompanying notes.

43

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Chemicals (continued)					Commercial Services (continued)
Lintec Corp	12,400	$	232		Platform Acquisition Holdings Ltd (b)	16,900	$		176
LyondellBasell Industries NV (a)	14,400		960		Platform Acquisition Holdings Ltd - Warrants	16,900			—
Methanex Corp	8,724		386		(b),(d)
Mitsubishi Gas Chemical Co Inc	73,486		521		Robert Half International Inc	1,000			35
Mitsui Chemicals Inc	73,000		163		Secom Co Ltd	2,600			131
Monsanto Co (a)	4,726		475		Securitas AB	2,753			25
Mosaic Co/The	3,025		184		SEI Investments Co	45,040			1,379
Nihon Nohyaku Co Ltd	13,000		125		Service Corp International/US (a)	12,100			218
Nippon Kayaku Co Ltd	8,000		91		SGS SA	27			61
Nippon Shokubai Co Ltd	30,000		291		Stewart Enterprises Inc	5,439			71
Nitto Denko Corp	200		12		Toppan Printing Co Ltd	10,000			65
Olin Corp	3,600		90		Total System Services Inc (a)	17,931			421
Petronas Chemicals Group Bhd	800		2		Towers Watson & Co (a)	1,600			124
PPG Industries Inc (a)	4,029		619		Verisk Analytics Inc (b)	5,910			348
Praxair Inc (a)	3,086		353		Weight Watchers International Inc	1,900			87
Rockwood Holdings Inc (a)	4,308		287		Zhejiang Expressway Co Ltd	6,000			5
RPM International Inc	2,500		83				$		10,814
Sasol Ltd ADR	200		9
Sherwin-Williams Co/The (a)	4,064		766		Computers - 1.89%
					Accenture PLC - Class A (a)	4,000			328
Showa Denko KK	190,573		290		Apple Inc (a)	2,645			1,190
Sinopec Shanghai Petrochemical Co Ltd (b)	62,000		23
					Brocade Communications Systems Inc (a),(b)	99,200			539
Solvay SA	1,589		229		Cadence Design Systems Inc (b),(c)	93,720			1,418
Sumitomo Bakelite Co Ltd	8,000		31
Syngenta AG	720		281		Chicony Electronics Co Ltd	14,000			39
					Computer Sciences Corp (a)	23,914			1,066
Tokai Carbon Co Ltd	14,975		45
Tokuyama Corp	1,000		3		Dell Inc	42,907			573
Tokyo Ohka Kogyo Co Ltd	9,178		197		Diebold Inc	1,300			42
					DST Systems Inc (a)	2,600			177
Tosoh Corp	27,000		88
Tronox Ltd	11,338		262		DTS Corp	7,300			104
					EMC Corp/MA (a)	29,546			732
Ube Industries Ltd/Japan	36,000		70
Ultrapar Participacoes SA ADR	900		23		Ferrotec Corp	12,700			60
					Fortinet Inc (a),(b)	4,100			79
Valspar Corp/The	2,300		165
WR Grace & Co (b)	3,600		304		Foxconn Technology Co Ltd	350			1
Yara International ASA	4,773		213		Fujitsu Ltd	141,000			583
					IHS Inc (b)	11,990			1,260
		$	14,121		Infosys Ltd ADR(a)	2,600			109
Coal - 0.19%					Innolux Corp (b)	186,000			124
Alpha Natural Resources Inc (a),(b)	66,623		445		International Business Machines Corp (a)	2,209			460
Bumi Resources Tbk PT	109,000		7		Itochu Techno-Solutions Corp	1,100			47
Consol Energy Inc (a)	10,214		354		Jack Henry & Associates Inc	900			42
Peabody Energy Corp (a)	18,354		361		Japan Digital Laboratory Co Ltd	12,600			136
Shougang Fushan Resources Group Ltd	162,000		65		Lite-On Technology Corp	15,075			24
SunCoke Energy Inc (b)	23,150		359		Logitech International SA	30,966			214
		$	1,591		NCR Corp (a),(b)	54,201			1,810
					NET One Systems Co Ltd	61,691			507
Commercial Services - 1.29%					Obic Co Ltd	940			229
ADT Corp/The (c)	3,270		133
					Otsuka Corp	2,400			222
Aeon Delight Co Ltd	6,200		114		Riverbed Technology Inc (b)	3,300			51
Alliance Data Systems Corp (a),(b)	2,254		399
					SanDisk Corp (b)	12,895			761
Apollo Group Inc (b)	7,765		155
Arbitron Inc (a)	15,485		726		SCSK Corp	22,980			465
Automatic Data Processing Inc (a)	7,160		492		Seagate Technology PLC	10,455			451
					Synopsys Inc (a),(b)	13,251			483
Career Education Corp (a),(b)	229,600		684
					TDK Corp	5,272			200
CCR SA	4,300		39		Teradata Corp (b)	12,520			698
Cielo SA	96		2		Western Digital Corp (a)	7,500			475
Convergys Corp (a)	14,800		269
					Wipro Ltd ADR	5,494			42
Dai Nippon Printing Co Ltd	10,000		85		Zuken Inc	8,800			68
Equifax Inc (a)	6,422		391
Gartner Inc (a),(b)	10,827		613				$		15,809
Global Payments Inc	100		5		Consumer Products - 0.34%
GMO Payment Gateway Inc	3,200		61		American Greetings Corp (a)	10,576			195
Hertz Global Holdings Inc (b)	39,705		1,026		Avery Dennison Corp	1,000			44
Iron Mountain Inc (a)	28,797		1,032		Central Garden and Pet Co - A Shares (a),(b)	26,278			199
ITT Educational Services Inc (b)	2,400		58		Church & Dwight Co Inc	100			6
Kelly Services Inc (a)	8,850		157		Clorox Co/The (a)	3,350			278
Lender Processing Services Inc (a)	6,110		202		Jarden Corp (a),(b)	8,989			419
Manpowergroup Inc	3,200		183		Kimberly-Clark Corp (a)	3,141			304
Mastercard Inc (a)	466		266		Kimberly-Clark de Mexico SAB de CV	22,400			77
McGraw Hill Financial Inc	5,500		300		Samsonite International SA	382,840			991
Meiko Network Japan Co Ltd	4,700		59		Tupperware Brands Corp (a)	3,100			251
Moody's Corp	3,270		217

See accompanying notes.

44

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Consumer Products (continued)					Diversified Financial Services (continued)
Unilever Indonesia Tbk PT	12,500	$	39		Zenkoku Hosho Co Ltd	3,140	$		101
		$	2,803				$		14,849
Cosmetics & Personal Care - 0.20%					Electric - 0.74%
Beiersdorf AG	221		20		AES Corp/VA (a)	9,300			114
Colgate-Palmolive Co (a)	4,906		284		Alliant Energy Corp (a)	2,679			132
Kao Corp	5,900		185		Ameren Corp	2,000			68
Natura Cosmeticos SA	2,100		49		American Electric Power Co Inc (a)	3,700			170
Pigeon Corp	800		64		Calpine Corp (b)	19,380			393
Pola Orbis Holdings Inc	11,013		348		CH Energy Group Inc (a)	9,437			611
Procter & Gamble Co/The (a)	9,632		739		China Resources Power Holdings Co Ltd	26,000			68
		$	1,689		Chubu Electric Power Co Inc	13,500			174
					Cia Energetica de Minas Gerais ADR	2,257			24
Distribution & Wholesale - 0.43%					Cleco Corp	400			18
Arrow Electronics Inc (b)	4,400		175
					Consolidated Edison Inc	2,200			126
Doshisha Co Ltd	8,400		115		DTE Energy Co (a)	5,425			362
Genuine Parts Co (a)	1,900		148
					E.ON SE	3,403			57
Hanwha Corp	540		15		Edison International (a)	6,100			280
Hitachi High-Technologies Corp	21,675		498		Endesa SA	2,456			55
Ingram Micro Inc (a),(b)	22,600		432
					Enel SpA	129,687			488
ITOCHU Corp	2,000		25		Enersis SA ADR	2,400			40
LKQ Corp (a),(b)	35,480		868
					Entergy Corp	1,300			90
Marubeni Corp	4,000		28		Fortum OYJ	1,225			23
Mitsubishi Corp ADR	3,979		141		Iberdrola SA	17,655			96
Mitsubishi Corp	500		9		IDACORP Inc	200			10
Mitsui & Co Ltd	5,300		66		Integrys Energy Group Inc (a)	6,410			369
Mitsui & Co Ltd ADR	501		128		NextEra Energy Inc (a)	2,667			202
Owens & Minor Inc	900		31		NRG Energy Inc	22,965			586
Sojitz Corp	20,100		35		NV Energy Inc (a)	8,167			191
Sumitomo Corp	7,400		92		OGE Energy Corp (a)	2,600			177
Tomoe Engineering Co Ltd	3,200		53		Okinawa Electric Power Co Inc/The	11			—
Toyota Tsusho Corp	4,700		124		PG&E Corp	1,600			72
WESCO International Inc (b)	8,240		612
					PGE SA	9,489			52
		$	3,595		Pinnacle West Capital Corp	1,600			90
Diversified Financial Services - 1.78%					PNM Resources Inc	1,700			38
American Express Co (a)	11,116		842		Portland General Electric Co (a)	3,100			94
Ameriprise Financial Inc (a)	7,800		636		PPL Corp (a)	8,388			249
BlackRock Inc	5,213		1,455		Public Service Enterprise Group Inc (a)	5,485			181
BM&FBovespa SA	1,200		8		Tauron Polska Energia SA	28,628			37
BS Financial Group Inc	630		9		TECO Energy Inc (a)	12,546			221
CME Group Inc/IL (a)	7,589		515		Tenaga Nasional BHD	24,500			66
COSCO Pacific Ltd	10,000		14		Wisconsin Energy Corp	2,300			94
Credit Saison Co Ltd	2,800		65		Xcel Energy Inc (a)	3,000			86
DGB Financial Group Inc	1,110		16				$		6,204
Discover Financial Services (a)	35,026		1,661
E*Trade Financial Corp (b)	53,505		622		Electrical Components & Equipment - 0.51%
					Brother Industries Ltd	2,000			23
Fubon Financial Holding Co Ltd	26,248		34		Casio Computer Co Ltd	7,500			67
Hana Financial Group Inc	407		13		Delta Electronics Inc	10,000			48
IBJ Leasing Co Ltd	1,000		31		Emerson Electric Co (a)	9,193			528
IntercontinentalExchange Inc (b)	7,830		1,341
					Energizer Holdings Inc (a)	600			57
Invesco Ltd (a)	22,781		769
					Fujikura Ltd	58,000			203
Investec Ltd	768		5		Funai Electric Co Ltd	14,800			165
Investment Technology Group Inc (b)	14,480		200
					General Cable Corp (a)	19,998			707
Jaccs Co Ltd	14,000		73		Hitachi Ltd	111,242			749
Knight Capital Group Inc (b)	2,700		10
					Hubbell Inc (a)	3,699			372
LPL Financial Holdings Inc	8,365		310		Leoni AG	3,379			169
Mirae Asset Securities Co Ltd	1,030		43		LG Electronics Inc	453			32
Mitsubishi UFJ Lease & Finance Co Ltd	70,900		321		Mitsubishi Electric Corp	3,000			28
NASDAQ OMX Group Inc/The (a)	35,689		1,123
					Molex Inc (a)	20,729			608
National Financial Partners Corp (b)	14,704		371
					Power-One Inc (b)	2,907			18
Netspend Holdings Inc (b)	18,152		291
NYSE Euronext (a)	23,011		926		Prysmian SpA	7,419			158
					Ushio Inc	16,300			201
Pocket Card Co Ltd	6,200		44		Vestas Wind Systems A/S (b)	7,947			116
Raymond James Financial Inc	10,680		470				$		4,249
RMB Holdings Ltd	7,545		30
Samsung Card Co Ltd	360		12		Electronics - 0.92%
SLM Corp (a)	79,894		1,897		Agilent Technologies Inc (a)	17,677			803
T Rowe Price Group Inc	3,350		254		Alps Electric Co Ltd	1,800			12
Visa Inc (a)	1,660		296		Anritsu Corp	13,600			183
Woori Finance Holdings Co Ltd	3,930		41		Avnet Inc (a),(b)	8,600			294
					Azbil Corp	5,100			107

See accompanying notes.

45

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Electronics (continued)					Engineering & Construction (continued)
Dainippon Screen Manufacturing Co Ltd	41,000	$	223		Yumeshin Holdings Co Ltd	18,200	$		108
Flextronics International Ltd (a),(b)	64,700		483				$		6,370
Futaba Corp/Chiba	15,000		187
Garmin Ltd	800		28		Entertainment - 0.14%
Hamamatsu Photonics KK	700		23		Avex Group Holdings Inc	4,000			122
Hirose Electric Co Ltd	200		26		Cinemark Holdings Inc	1,900			56
					DreamWorks Animation SKG Inc (b)	8,110			178
Hon Hai Precision Industry Co Ltd	32,000		81
Honeywell International Inc (a)	200		16		Gtech Spa	86			2
Hosiden Corp	23,100		121		International Game Technology	2,300			41
					Penn National Gaming Inc (b)	8,930			492
Hoya Corp	2,600		52
Itron Inc (b)	3,700		155		Regal Entertainment Group	3,900			69
Jabil Circuit Inc (a)	35,425		710		Sankyo Co Ltd	5,399			237
Keyence Corp	100		31				$		1,197
Koninklijke Philips NV	17,668		500		Environmental Control - 0.15%
Kyocera Corp	4,377		427		Republic Services Inc (a)	7,903			270
LG Display Co Ltd ADR(a)	5,500		75		Stericycle Inc (a),(b)	2,167			238
Mitsumi Electric Co Ltd	20,800		140		Waste Connections Inc	11,015			443
Nan Ya Printed Circuit Board Corp	6,000		8		Waste Management Inc (a)	6,374			267
Omron Corp	1,200		36				$		1,218
PerkinElmer Inc (a)	1,500		47
Samsung Electro-Mechanics Co Ltd	276		24		Food - 1.12%
Sodick Co Ltd	22,500		117		Ajinomoto Co Inc	9,000			124
TE Connectivity Ltd (a)	7,100		315		Aryzta AG (b)	559			32
Tech Data Corp (a),(b)	9,842		494		China Mengniu Dairy Co Ltd	26,000			91
Thermo Fisher Scientific Inc	2,500		221		Chr Hansen Holding A/S	101			4
Tokyo Seimitsu Co Ltd	10,300		216		Cia Brasileira de Distribuicao Grupo Pao de	1,900			93
Toshiba Corp	54,086		254		Acucar ADR
TTM Technologies Inc (a),(b)	32,584		263		ConAgra Foods Inc (a)	35,151			1,184
Tyco International Ltd (a)	21,202		717		Dean Foods Co (a),(b)	32,296			339
Vishay Intertechnology Inc (b)	4,800		70		Distribuidora Internacional de Alimentacion	17,536			137
Waters Corp (b)	100		10		SA
Yaskawa Electric Corp	9,000		109		Grupo Bimbo SAB de CV	1,019			3
Yokogawa Electric Corp	8,900		107		Harris Teeter Supermarkets Inc	900			42
		$	7,685		Hershey Co/The	1,000			89
					Hillshire Brands Co (a)	15,215			527
Energy - Alternate Sources - 0.01%					HJ Heinz Co (a)	13,069			946
Enel Green Power SpA	15,387		33		Hormel Foods Corp (a)	2,800			111
KiOR Inc (b)	12,397		57		Indofood Sukses Makmur Tbk PT	153,500			115
		$	90		Ingredion Inc (a)	4,000			272
Engineering & Construction - 0.76%					JBS SA	8,207			26
					JM Smucker Co/The (a)	800			81
ABB Ltd (b)	2,986		65
AECOM Technology Corp (a),(b)	33,141		1,021		Koninklijke Ahold NV	12,611			204
Bilfinger SE	3,872		405		Kraft Foods Group Inc	10,255			565
China Railway Construction Corp Ltd	29,000		29		Kroger Co/The	2,100			71
China Railway Group Ltd	173,000		90		Magnit OJSC	456			25
Chiyoda Corp	19,000		204		Metro AG	148			5
					Mondelez International Inc (a)	12,567			370
COMSYS Holdings Corp	14,796		180
Daelim Industrial Co Ltd	619		51		Nippon Meat Packers Inc	7,000			98
EMCOR Group Inc	4,900		195		Nisshin Seifun Group Inc	6,000			67
Ferrovial SA	5,686		92		Nutreco NV	6,440			273
Fomento de Construcciones y Contratas SA	1,659		17		Safeway Inc	1,000			23
Foster Wheeler AG (b)	1,300		30		Sanderson Farms Inc	1,200			83
Hochtief AG	1,291		90		Seven & I Holdings Co Ltd	9,000			306
					Smithfield Foods Inc (a),(b)	45,790			1,508
Jacobs Engineering Group Inc (b)	13,860		790
JGC Corp	15,000		498		Suedzucker AG	4,845			164
Kajima Corp	41,000		120		Toyo Suisan Kaisha Ltd	4,000			129
Kandenko Co Ltd	118		—		Tyson Foods Inc	5,100			128
KBR Inc (a)	10,500		379		Unilever NV - NY shares	12,088			493
Kinden Corp	19,000		152		Uni-President Enterprises Corp	87,740			173
Koninklijke Boskalis Westminster NV	714		28		Universal Robina Corp	46,300			138
					WhiteWave Foods Co - A shares (a),(b)	8,250			144
MasTec Inc (b)	3,245		103
					WhiteWave Foods Co - B shares (a),(b)	11,749			195
McDermott International Inc (a),(b)	62,305		594
Multiplan Empreendimentos Imobiliarios SA	200		5		Yamazaki Baking Co Ltd	2,000			23
NCC AB	4,349		104				$		9,401
Obayashi Corp	36,000		174		Forest Products & Paper - 0.24%
Obrascon Huarte Lain SA	8,092		297		Buckeye Technologies Inc	4,368			163
Skanska AB	3,846		68		Domtar Corp (a)	300			22
Taisei Corp	92,000		289		Fibria Celulose SA ADR(b)	2,500			27
TAV Havalimanlari Holding AS	4,059		26		Hokuetsu Kishu Paper Co Ltd	2,500			11
Tecnicas Reunidas SA	3,433		166		International Paper Co (a)	31,836			1,469

See accompanying notes.

46

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Forest Products & Paper (continued)					Healthcare - Services (continued)
MeadWestvaco Corp (a)	3,100	$	109		Miraca Holdings Inc	2,600	$		112
Stora Enso OYJ	4,831		35		Molina Healthcare Inc (a),(b)	6,391			241
Svenska Cellulosa AB	5,757		143		Rhoen Klinikum AG	9,435			203
UPM-Kymmene OYJ	5,063		54		Tenet Healthcare Corp (a),(b)	10,656			505
		$	2,033		Tsukui Corp	5,100			53
					Universal Health Services Inc	4,500			311
Gas - 0.34%					WellCare Health Plans Inc (a),(b)	3,281			171
AGL Resources Inc (a)	3,523		149
					WellPoint Inc (a)	3,482			268
Atmos Energy Corp	500		21				$		5,369
CenterPoint Energy Inc (a)	17,313		401
Enagas SA	8,142		204		Holding Companies - Diversified - 0.04%
Gas Natural SDG SA	8,996		186		Alfa SAB de CV	49,900			118
NiSource Inc (a)	7,371		212		Bidvest Group Ltd	579			15
Osaka Gas Co Ltd	54,000		218		GEA Group AG	4,161			151
Perusahaan Gas Negara Persero Tbk PT	77,000		43		Imperial Holdings Ltd	1,445			30
Shizuoka Gas Co Ltd	10,500		76				$		314
Toho Gas Co Ltd	2,000		10
Tokyo Gas Co Ltd	39,000		210		Home Builders - 0.64%
					DR Horton Inc (a)	20,402			497
UGI Corp (a)	28,342		1,082
Vectren Corp (a)	1,400		48		KB Home	26,060			578
					Lennar Corp (a)	12,140			477
		$	2,860		M/I Homes Inc (b)	12,752			317
Hand & Machine Tools - 0.10%					NVR Inc (b)	997			980
Fuji Electric Co Ltd	35,000		114		Pulte Group Inc (a),(b)	63,005			1,361
Konecranes OYJ	691		24		Sekisui Chemical Co Ltd	20,000			199
Regal-Beloit Corp	500		34		Taylor Morrison Home Corp (b)	9,650			249
Snap-on Inc	1,100		100		Toll Brothers Inc (a),(b)	19,008			649
Stanley Black & Decker Inc	5,433		430		West Holdings Corp	2,300			61
THK Co Ltd	5,000		106				$		5,368
		$	808		Home Furnishings - 0.22%
Healthcare - Products - 1.26%					Alpine Electronics Inc	15,300			143
Asahi Intecc Co Ltd	2,100		110		Arcelik AS	2,735			21
Becton Dickinson and Co (a)	1,984		196		Electrolux AB	9,771			263
Boston Scientific Corp (a),(b)	170,236		1,573		Harman International Industries Inc (a)	6,300			335
CareFusion Corp (b)	3,800		140		Hoshizaki Electric Co Ltd	2,400			74
Coloplast A/S	1,602		91		LG Corp	600			37
Conceptus Inc (b)	3,480		108		Matsushita Electric Industrial Co Ltd	14,600			111
Cooper Cos Inc/The (a)	2,000		226		Pioneer Corp (b)	17,000			36
Covidien PLC (a)	6,367		405		Tempur-Pedic International Inc (b)	4,525			191
CR Bard Inc (a)	2,494		257		VOXX International Corp (a),(b)	12,276			137
Edwards Lifesciences Corp (b)	9,350		621		Whirlpool Corp (a)	4,000			511
Getinge AB	1,756		52				$		1,859
Henry Schein Inc (b)	300		29
Hill-Rom Holdings Inc (a)	5,200		188		Housewares - 0.02%
Hologic Inc (a),(b)	140,374		2,913		Newell Rubbermaid Inc	4,500			122
Hospira Inc (a),(b)	21,941		761
IDEXX Laboratories Inc (b)	300		25		Insurance - 2.60%
Medtronic Inc (a)	27,286		1,392		ACE Ltd (a)	7,997			717
Patterson Cos Inc (a)	14,693		574		ACE Ltd (a)	2,300			206
ResMed Inc (a)	9,136		438		Aegon NV	56,030			382
St Jude Medical Inc	500		22		Aflac Inc (a)	14,737			821
STERIS Corp	600		27		AIA Group Ltd	67,980			301
Teleflex Inc	600		47		Alleghany Corp (b),(c)	1,150			448
Thoratec Corp (a),(b)	7,000		218		Allied World Assurance Co Holdings AG	800			72
Zimmer Holdings Inc	1,300		102		Allstate Corp/The	1,600			77
		$	10,515		American Financial Group Inc/OH (a)	10,947			531
					American International Group Inc (a),(b)	84,017			3,735
Healthcare - Services - 0.64%					Aon PLC (a)	23,396			1,490
Ain Pharmaciez Inc	1,580		62
Amedisys Inc (a),(b)	15,189		187		Arthur J Gallagher & Co	200			9
					Assurant Inc (a)	8,400			418
Brookdale Senior Living Inc (b)	8,810		250
Cigna Corp (a)	10,778		732		Axis Capital Holdings Ltd	3,900			170
Community Health Systems Inc (a)	8,200		395		Baloise Holding AG	55			5
					Berkshire Hathaway Inc - Class B (a),(b)	8,760			999
Covance Inc (b)	1,100		82
					Brown & Brown Inc (a)	9,261			299
DaVita HealthCare Partners Inc (a),(b)	3,853		478
Health Net Inc/CA (b)	4,200		134		Delta Lloyd NV	16,355			320
Humana Inc (a)	3,700		299		Dongbu Insurance Co Ltd	1,160			51
					Everest Re Group Ltd (a)	1,100			143
Kindred Healthcare Inc (a),(b)	16,434		222
					Fidelity National Financial Inc (a)	44,269			1,165
Laboratory Corp of America Holdings (b)	5,460		543
					Genworth Financial Inc (a),(b)	20,500			222
Magellan Health Services Inc (b)	1,100		60
					Hanover Insurance Group Inc/The (a)	2,700			136
Message Co Ltd	24		61		Hanwha Life Insurance Co Ltd	7,880			48

See accompanying notes.

47

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Insurance (continued)					Iron & Steel - 0.34%
HCC Insurance Holdings Inc (a)	14,349	$	615		Acerinox SA	1,232	$		13
Liberty Holdings Ltd	3,301		41		AK Steel Holding Corp (a),(b)	40,100			139
Loews Corp (a)	2,300		105		APERAM	2,715			36
Markel Corp (b)	2,040		1,067		Chubu Steel Plate Co Ltd	14,300			53
Marsh & McLennan Cos Inc (a)	33,424		1,337		Commercial Metals Co (a)	15,000			231
Meadowbrook Insurance Group Inc (a)	34,752		279		Feng Hsin Iron & Steel Co	3,000			6
Mediolanum SpA	5,357		36		Hitachi Metals Ltd	37,596			387
MetLife Inc	8,330		368		Nucor Corp (a)	8,459			376
Muenchener Rueckversicherungs AG	138		26		Reliance Steel & Aluminum Co (a)	5,600			368
Porto Seguro SA	5,200		64		Salzgitter AG	407			15
Powszechny Zaklad Ubezpieczen SA	855		119		Schnitzer Steel Industries Inc	1,200			30
ProAssurance Corp	400		20		Steel Dynamics Inc (a)	24,300			373
Progressive Corp/The (a)	20,386		520		Tokyo Steel Manufacturing Co Ltd	21,900			76
Protective Life Corp (a)	9,500		367		United States Steel Corp	10,900			193
Prudential Financial Inc	500		34		Yamato Kogyo Co Ltd	17,492			534
Reinsurance Group of America Inc (a)	5,300		349				$		2,830
RenaissanceRe Holdings Ltd	300		26
Sampo	543		22		Leisure Products & Services - 0.32%
					Carnival Corp (a)	18,597			615
Sony Financial Holdings Inc	900		13
Swiss Life Holding AG (b)	1,628		270		Harley-Davidson Inc	9,580			522
Swiss Re AG	1,012		74		Polaris Industries Inc	2,100			201
T&D Holdings Inc	67,873		821		Roland Corp	11,200			103
Tokio Marine Holdings Inc	24,375		702		Sega Sammy Holdings Inc	12,177			289
					TUI AG (b)	7,703			94
Torchmark Corp (a)	7,303		471
					WMS Industries Inc (b)	29,098			738
Travelers Cos Inc/The	800		67
United Fire Group Inc (a)	4,208		113		Yamaha Corp	8,400			90
Unum Group	7,900		225				$		2,652
Validus Holdings Ltd (a)	2,300		83		Lodging - 0.31%
WR Berkley Corp (a)	5,150		211		Ameristar Casinos Inc (a)	16,966			445
XL Group PLC (a)	18,237		573		Marriott International Inc/DE (a)	12,554			527
		$	21,783		MGM Resorts International (b)	6,900			105
Internet - 1.46%					Starwood Hotels & Resorts Worldwide Inc	700			48
					Wyndham Worldwide Corp (a),(c)	21,381			1,242
Amazon.com Inc (b)	400		108
					Wynn Resorts Ltd (a)	1,658			225
Bit-isle Inc	8,400		106
Digital Garage Inc	24		72				$		2,592
eBay Inc (a),(b)	10,888		589		Machinery - Construction & Mining - 0.07%
Enigmo Inc (b)	210		34		Komatsu Ltd ADR	10,395			266
en-japan Inc	38		68		Terex Corp (a),(b)	9,444			339
Expedia Inc (a)	24,031		1,381
							$		605
Gree Inc	700		7
IAC/InterActiveCorp (a)	12,570		610		Machinery - Diversified - 0.66%
Infomart Corp	1,800		73		AGCO Corp (a)	3,100			172
Internet Initiative Japan Inc	3,800		128		Amada Co Ltd	48,329			329
Kakaku.com Inc	2,000		48		Applied Industrial Technologies Inc (a)	600			29
LinkedIn Corp (b),(c)	8,585		1,438		Cummins Inc	1,200			144
M3 Inc	30		64		Deere & Co (a)	3,637			317
Matsui Securities Co Ltd	6,600		66		Denyo Co Ltd	8,500			112
Mixi Inc	10,500		154		Eagle Industry Co Ltd	4,000			45
Netflix Inc (b)	100		23		Ebara Corp	42,000			216
Next Co Ltd	8,100		74		Fuji Machine Manufacturing Co Ltd	18,300			149
Pandora Media Inc (b)	32,745		557		Gardner Denver Inc	6,728			508
priceline.com Inc (b)	1,943		1,562		Hisaka Works Ltd	8,000			71
Proto Corp	6,900		92		IDEX Corp	5,840			322
Rackspace Hosting Inc (a),(b)	6,947		261		IHI Corp	116,000			424
Rakuten Inc	7,924		88		Intermec Inc (a),(b)	40,222			397
Sohu.com Inc (b)	1,600		103		Kawasaki Heavy Industries Ltd	1,000			3
Start Today Co Ltd	6,500		96		Kone OYJ	482			42
Symantec Corp (a)	23,700		531		Makino Milling Machine Co Ltd	13,000			82
Tencent Holdings Ltd	300		12		Metso OYJ	4,491			172
TIBCO Software Inc (b)	1,500		32		Mitsubishi Heavy Industries Ltd	32,000			196
TripAdvisor Inc (b)	14,500		935		Nordson Corp (a)	5,693			405
Web.com Group Inc (b)	17,300		363		OC Oerlikon Corp AG (b)	24,740			299
Yahoo Japan Corp	289		131		Okuma Holdings Inc	10,000			82
Yahoo! Inc (a),(b)	92,804		2,441		Rheinmetall AG	1,223			61
		$	12,247		Roper Industries Inc (a)	2,510			312
					Sumitomo Heavy Industries Ltd	48,000			200
Investment Companies - 0.01%					Tsubakimoto Chain Co	8,000			49
Ares Capital Corp (a)	4,200		72		Wabtec Corp/DE (a)	2,868			316
					Zuiko Corp	1,000			66
							$		5,520

See accompanying notes.

48

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Media - 1.57%					Miscellaneous Manufacturing (continued)
Astral Media Inc	8,963	$	420		Danaher Corp (a)	3,908	$		242
Cablevision Systems Corp (a)	78,348		1,185		Eaton Corp PLC (a)	13,909			918
CBS Corp (a)	3,300		163		FUJIFILM Holdings Corp	18,184			375
Charter Communications Inc (b)	2,695		302		General Electric Co (a)	75,755			1,766
Comcast Corp - Class A (a)	22,063		886		Harsco Corp	5,300			124
DIRECTV (a),(b)	17,809		1,089		Illinois Tool Works Inc (a)	6,908			485
Discovery Communications Inc - A Shares	4,275		337		Ingersoll-Rand PLC (a)	6,100			351
(a),(b)					ITT Corp (a)	20,423			616
DISH Network Corp (a)	11,700		451		Konica Minolta Inc	32,000			229
FactSet Research Systems Inc	2,660		261		Largan Precision Co Ltd	2,000			65
Fuji Media Holdings Inc	320		587		Nikkiso Co Ltd	8,000			106
Gannett Co Inc (a)	52,820		1,136		Orkla ASA	8,621			73
Grupo Televisa SAB ADR	600		16		Pall Corp (a)	5,450			372
Kabel Deutschland Holding AG	843		79		Parker Hannifin Corp (a)	3,159			315
Mediaset Espana Comunicacion SA (b)	4,836		37		Pentair Ltd (a)	9,230			538
Naspers Ltd	819		60		Polypore International Inc (b)	9,385			353
News Corp - Class A (a)	18,900		607		Shin-Etsu Polymer Co Ltd	29,400			102
Nielsen Holdings NV	16,535		561		Siemens AG ADR	1,245			131
Nippon Television Holdings Inc	7,300		111		SPX Corp (a)	1,600			126
Time Warner Cable Inc (a)	22,187		2,119		Sulzer AG	1,430			239
Time Warner Inc (a)	26,608		1,553		Tamron Co Ltd	2,800			68
Viacom Inc (a)	8,674		572		Tenma Corp	9,500			116
Walt Disney Co/The	8,130		513		Textron Inc	30,427			820
Washington Post Co/The	200		93		Tokai Rubber Industries Ltd	17,600			150
		$	13,138		Trelleborg AB	7,376			113
					Trinity Industries Inc (a)	7,652			313
Metal Fabrication & Hardware - 0.19%					Wartsila OYJ Abp	307			14
Aurubis AG	6,990		420				$		11,227
Hyundai Hysco Co Ltd	1,810		55
Kloeckner & Co SE (b)	8,059		102		Office & Business Equipment - 0.06%
Maruichi Steel Tube Ltd	4,200		104		Canon Inc ADR	1,933			66
NSK Ltd	7,000		65		Canon Inc	11,200			383
Olympic Steel Inc (a)	10,079		255		Seiko Epson Corp	2,700			33
SKF AB	1,700		41		Xerox Corp	3,200			28
Timken Co (a)	7,600		431				$		510
Valmont Industries Inc	400		61
Worthington Industries Inc	1,200		41		Oil & Gas - 2.97%
					Anadarko Petroleum Corp (c)	20,240			1,770
		$	1,575		Baytex Energy Corp	100			4
Mining - 0.49%					BG Group PLC	62,005			1,132
African Rainbow Minerals Ltd	1,145		20		BP PLC ADR	15,285			656
Alcoa Inc	1,900		16		Cabot Oil & Gas Corp (a)	9,767			688
Allied Nevada Gold Corp (b)	24,235		187		Chesapeake Energy Corp	5,130			112
AuRico Gold Inc	37,130		189		Chevron Corp (a),(c)	15,519			1,905
Aurizon Mines Ltd (b)	60,598		224		China Petroleum & Chemical Corp ADR	400			41
Barrick Gold Corp	58,569		1,237		CNOOC Ltd ADR	600			104
Boliden AB	17,996		257		Cobalt International Energy Inc (b)	80,140			2,079
Century Aluminum Co (a),(b)	32,182		319		ConocoPhillips (a)	10,614			651
Cia de Minas Buenaventura SA ADR	700		13		CVR Energy Inc	480			30
Continental Gold Ltd (b)	59,800		238		Devon Energy Corp (a)	1,300			74
Goldcorp Inc	2,126		62		Diamond Offshore Drilling Inc (a)	3,765			260
Grupo Mexico SAB de CV	12,400		41		Energy XXI Bermuda Ltd	2,200			56
Harmony Gold Mining Co Ltd ADR	6,300		26		Eni SpA	8,792			200
Jiangxi Copper Co Ltd	12,000		23		EOG Resources Inc	800			103
Mitsubishi Materials Corp	15,000		48		Exxon Mobil Corp (a)	25,341			2,292
Mitsui Mining & Smelting Co Ltd	56,000		128		Gazprom OAO ADR	11,630			88
MMC Norilsk Nickel OJSC ADR	5,452		79		Grupa Lotos SA (b)	5,230			68
Molycorp Inc (b)	36,442		239		Hess Corp (a)	6,400			431
Newmont Mining Corp	1,763		60		HollyFrontier Corp (a)	4,800			238
Pacific Metals Co Ltd	7,000		33		Idemitsu Kosan Co Ltd	600			49
Southern Copper Corp	300		9		Inpex Corp	76			324
Sumitomo Metal Mining Co Ltd	15,000		189		InterOil Corp (b)	900			75
Uranium One Inc (b)	157,216		420		Japan Petroleum Exploration Co	8,800			369
		$	4,057		JX Holdings Inc	77,501			376
					Karoon Gas Australia Ltd (b)	87,150			468
Miscellaneous Manufacturing - 1.34%					Lukoil OAO ADR	1,755			104
3M Co (a)	9,799		1,080
					Marathon Oil Corp (a)	12,100			416
AO Smith Corp (a)	4,000		157
Barnes Group Inc (c)	16,855		509		Marathon Petroleum Corp	6,410			529
					McMoRan Exploration Co (a),(b)	11,209			186
Carlisle Cos Inc (a)	1,700		111
					Murphy Oil Corp (a)	2,500			158
CLARCOR Inc	100		5		Nabors Industries Ltd	11,100			178
Crane Co (a)	4,100		245
See accompanying notes.	49

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Oil & Gas (continued)					Pharmaceuticals (continued)
Newfield Exploration Co (b)	1,900	$	45		AmerisourceBergen Corp (a)	5,676	$		307
Noble Corp	1,400		54		Astellas Pharma Inc	5,200			266
Noble Energy Inc	1,400		81		AstraZeneca PLC	14,740			754
Occidental Petroleum Corp (c)	10,811		995		Bayer AG	2,941			314
Patterson-UTI Energy Inc (a)	9,500		200		Bristol-Myers Squibb Co (a)	37,108			1,708
Penn Virginia Corp (a),(b)	70,746		330		Cardinal Health Inc (a)	39,908			1,874
Petroleo Brasileiro SA ADR	1,500		28		Catamaran Corp (b)	23,780			1,170
Phillips 66 (a)	5,454		363		Chugai Pharmaceutical Co Ltd	6,600			132
Pioneer Natural Resources Co	15,620		2,166		Daiichi Sankyo Co Ltd	26,600			437
Plains Exploration & Production Co (d)	16,730		768		Dr Reddy's Laboratories Ltd ADR	1,200			44
Platino Energy Corp (b)	3,763		5		Eisai Co Ltd	21,867			839
Reliance Industries Ltd (e)	775		22		Elan Corp PLC ADR(b)	3,964			50
Rosneft OAO	5,840		38		Eli Lilly & Co (a)	16,054			853
Royal Dutch Shell PLC ADR	4,844		321		Endo Health Solutions Inc (a),(b)	3,700			134
Royal Dutch Shell PLC - B shares ADR	4,885		336		Express Scripts Holding Co (b)	3,800			236
SK Holdings Co Ltd	361		56		Forest Laboratories Inc (a),(b)	28,817			1,145
SK Innovation Co Ltd	177		23		Galenica AG	18			12
SM Energy Co	800		48		GlaxoSmithKline PLC ADR	2,267			117
Southwestern Energy Co (a),(b)	10,614		400		Johnson & Johnson (a)	29,473			2,481
Statoil ASA ADR	5,983		135		Kaken Pharmaceutical Co Ltd	64			1
Statoil ASA	7,153		161		Kalbe Farma Tbk PT	354,500			52
Suncor Energy Inc	12,000		364		Kyowa Hakko Kirin Co Ltd	7,000			78
Surgutneftegas OAO ADR	2,707		20		McKesson Corp (a)	6,937			790
Swift Energy Co (b)	300		4		Meda AB	6,174			79
Tatneft OAO ADR	1,799		62		Medipal Holdings Corp	3,800			51
Tesoro Corp	1,900		117		Merck & Co Inc (a)	30,909			1,444
Thai Oil PCL	5,000		10		Merck KGaA	2,631			416
Total SA ADR	7,112		355		Mitsubishi Tanabe Pharma Corp	1,300			17
Transocean Ltd	4,600		231		Mylan Inc/PA (a),(b)	48,576			1,481
Unit Corp (a),(b)	4,400		199		Nippon Shinyaku Co Ltd	7,000			111
Valero Energy Corp	15,670		637		Novartis AG	2,425			174
Whiting Petroleum Corp (b)	1,500		69		Novo Nordisk A/S	1,372			222
		$	24,857		Omnicare Inc	2,300			106
					Ono Pharmaceutical Co Ltd	3,600			250
Oil & Gas Services - 0.67%					Onyx Pharmaceuticals Inc (b)	3,705			354
Baker Hughes Inc (c)	22,165		1,008
					Otsuka Holdings Co Ltd	3,500			112
China Oilfield Services Ltd	28,000		59		Pfizer Inc (a)	53,876			1,468
Dresser-Rand Group Inc (a),(b)	16,664		1,010
					PharMerica Corp (a),(b)	34,525			539
Halliburton Co	31,250		1,308		Quintiles Transnational Holdings Inc (b)	900			40
Helix Energy Solutions Group Inc (a),(b)	8,200		195
					Roche Holding AG	11,028			2,734
Lufkin Industries Inc	3,214		284		Santen Pharmaceutical Co Ltd	1,400			56
National Oilwell Varco Inc (a)	5,523		388
					Sarepta Therapeutics Inc (b)	2,865			101
Oceaneering International Inc (a)	7,337		532
Oil States International Inc (b)	200		20		Shionogi & Co Ltd	38,906			728
					TESARO Inc (b)	4,005			137
Petroleum Geo-Services ASA	6,481		96		Teva Pharmaceutical Industries Ltd ADR	22,965			877
RPC Inc	1,450		18		TherapeuticsMD Inc (b),(d),(f),(g)	15,388			43
SEACOR Holdings Inc (a)	2,400		184
					TherapeuticsMD Inc (b),(f)	82,831			231
Superior Energy Services Inc (b)	8,765		234
					UCB SA	1,730			94
TGS Nopec Geophysical Co ASA	432		15		Warner Chilcott PLC (a)	44,199			849
Trican Well Service Ltd	20,760		291				$		28,226
		$	5,642
					Pipelines - 0.27%
Packaging & Containers - 0.59%					China Gas Holdings Ltd	64,000			64
Ball Corp (a)	20,436		882
					Kinder Morgan Inc/DE (a)	12,611			479
Bemis Co Inc (a)	6,134		240
Crown Holdings Inc (a),(b)	6,100		258		ONEOK Inc	4,080			184
					Spectra Energy Corp (a)	17,663			540
Graphic Packaging Holding Co (b)	36,820		283
					Williams Cos Inc/The (a)	28,614			1,007
Owens-Illinois Inc (a),(b)	12,500		343
Packaging Corp of America	9,885		484				$		2,274
Rengo Co Ltd	2,000		10		Private Equity - 0.09%
Rock Tenn Co	14,090		1,392		American Capital Ltd (a),(b)	54,300			724
Sealed Air Corp	10,970		263
Silgan Holdings Inc	5,340		250
Sonoco Products Co (a)	11,213		393		Publicly Traded Investment Fund - 0.14%
Toyo Seikan Group Holdings Ltd	8,700		122		BlackRock Global Opportunities Equity Trust	85,690			1,201
		$	4,920
					Real Estate - 0.23%
Pharmaceuticals - 3.37%					BR Malls Participacoes SA	1,600			16
Abbott Laboratories (a)	11,515		422
Actavis Inc (b)	1,600		197		Brookfield Asset Management Inc	800			28
					CBRE Group Inc (b)	51,020			1,183
Algeta ASA (b)	2,971		116
					China Overseas Land & Investment Ltd	16,000			48
Allergan Inc/United States	9,880		983

See accompanying notes.

50

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value(000	's)
Real Estate (continued)					Retail (continued)
China Resources Land Ltd	8,000	$	25		CVS Caremark Corp	7,840	$	452
Country Garden Holdings Co Ltd	9,000		5		Darden Restaurants Inc (a)	12,041		624
Evergrande Real Estate Group Ltd	23,000		9		Dick's Sporting Goods Inc	3,540		185
Growthpoint Properties Ltd	6,837		17		Dillard's Inc (a)	4,600		424
Hulic Co Ltd	4,200		35		Dollar General Corp (b)	3,300		174
Jones Lang LaSalle Inc	1,100		101		Dollar Tree Inc (b)	2,900		139
Lippo Karawaci Tbk PT	863,995		162		Domino's Pizza Inc (a)	4,700		279
Longfor Properties Co Ltd	2,000		3		Don Quijote Co Ltd	8,815		397
Realogy Holdings Corp (b)	3,499		181		Doutor Nichires Holdings Co Ltd	5,200		69
Redefine Properties Ltd	4,269		4		Dufry AG (b)	26		4
Robinsons Land Corp	205,320		106		Dunkin' Brands Group Inc	8,415		333
Shimao Property Holdings Ltd	2,500		5		Ezcorp Inc (a),(b)	3,000		57
Sino-Ocean Land Holdings Ltd	8,000		5		FamilyMart Co Ltd	100		4
SOHO China Ltd	4,500		4		Fifth & Pacific Cos Inc (b)	24,055		517
		$	1,937		Foot Locker Inc (a)	13,500		463
					GameStop Corp (a)	29,345		973
REITS - 1.00%					Gap Inc/The (a)	20,719		840
Alexandria Real Estate Equities Inc (a)	3,366		231
					GOME Electrical Appliances Holding Ltd (b)	824,000		84
American Tower Corp (a)	6,133		477
Apartment Investment & Management Co (a)	16,948		513		Group 1 Automotive Inc	3,700		235
					Guess? Inc (a)	8,900		283
Boston Properties Inc (a)	2,605		278
					Home Depot Inc/The (a)	7,558		594
BRE Properties Inc (a)	6,690		334
					Honeys Co Ltd	11,740		129
CapLease Inc	858		7		Hot Topic Inc	26,527		371
CommonWealth REIT	8,492		174		Inditex SA	570		71
Corrections Corp of America (a)	4,500		158
					Isetan Mitsukoshi Holdings Ltd	4,500		56
Daiwa Office Investment Corp	16		62		J Front Retailing Co Ltd	34,000		233
Equity Residential (a)	2,385		135
Essex Property Trust Inc (a)	888		140		K's Holdings Corp	17,311		479
					L Brands Inc (a)	10,858		543
Federal Realty Investment Trust (a)	1,784		192
					Lowe's Cos Inc (a)	88,143		3,711
Fibra Uno Administracion SA de CV	38,525		134		Macy's Inc (a)	11,513		557
GLP J-Reit	63		58		Marui Group Co Ltd	2,000		19
Host Hotels & Resorts Inc (a)	14,115		251
Kimco Realty Corp (a)	17,290		383		MSC Industrial Direct Co Inc	8,970		742
Liberty Property Trust (a)	11,099		450		Nishimatsuya Chain Co Ltd	15,100		148
					Nordstrom Inc (a)	7,719		454
Pennsylvania Real Estate Investment Trust (a)	8,616		171
					O'Reilly Automotive Inc (b)	1,000		109
Plum Creek Timber Co Inc (a)	5,682		271
Prologis Inc (a)	9,843		397		Pal Co Ltd	2,400		81
					Panera Bread Co (b)	500		96
Rayonier Inc (a)	5,623		311
					PetSmart Inc (a)	6,494		438
Regency Centers Corp (a)	6,048		312
Simon Property Group Inc (a)	868		144		Point Inc	2,030		90
Taubman Centers Inc (a)	3,643		294		President Chain Store Corp	4,000		25
					PVH Corp (a)	5,138		591
UDR Inc (a)	8,545		208
					RadioShack Corp (b)	8,900		33
Vornado Realty Trust (a)	3,809		305
					Ross Stores Inc (a)	3,500		225
Weyerhaeuser Co (a)	66,338		1,978
					Ryohin Keikaku Co Ltd	1,200		90
		$	8,368		Sally Beauty Holdings Inc (b)	7,700		236
Retail - 3.72%					Sears Canada Inc	171		1
Abercrombie & Fitch Co	14,455		724		Sears Holdings Corp (b)	1,500		73
Advance Auto Parts Inc (a),(c)	13,295		1,084		Sears Hometown and Outlet Stores Inc (b)	3,155		175
Aeon Co Ltd	700		8		Shimamura Co Ltd	800		92
Aeropostale Inc (a),(b)	9,000		131		Signet Jewelers Ltd	2,900		199
American Eagle Outfitters Inc (a)	32,508		643		Starbucks Corp	300		19
Anta Sports Products Ltd	17,000		16		Sugi Holdings Co Ltd	2,000		67
ASKUL Corp	10,340		159		Takashimaya Co Ltd	17,000		158
AutoNation Inc (a),(b)	13,059		605		Target Corp	8,699		605
AutoZone Inc (a),(b)	2,691		1,101		Tiffany & Co	2,580		201
Best Buy Co Inc	34,025		937		Tim Hortons Inc	8,235		438
Big Lots Inc (b)	4,800		163		TJX Cos Inc (a)	8,100		410
Bloomin' Brands Inc (b)	39,580		921		Tractor Supply Co	800		90
Brinker International Inc (a)	2,400		94		Tsuruha Holdings Inc	700		56
Buckle Inc/The	1,400		75		UNY Group Holdings Co Ltd	9,400		62
Buffalo Wild Wings Inc (b),(c)	2,830		272		Urban Outfitters Inc (a),(b)	8,830		370
Burger King Worldwide Inc	41,510		767		USS Co Ltd	1,100		128
CarMax Inc (b)	2,190		102		Walgreen Co	12,870		615
Cawachi Ltd	6,000		125		Wal-Mart Stores Inc (a)	9,023		675
Chico's FAS Inc	14,400		260		Williams-Sonoma Inc	1,900		103
Citizen Holdings Co Ltd	7,500		43		Woolworths Holdings Ltd/South Africa	19,129		138
Copart Inc (b)	1,500		52		Xebio Co Ltd	7,300		142
Costco Wholesale Corp (a)	700		77		Yum! Brands Inc (a)	3,000		203
CP ALL PCL	66,100		94		Zale Corp (a),(b)	84,480		652
CST Brands Inc (b)	10,645		323				$	31,105

See accompanying notes.

51

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Savings & Loans - 0.21%					Software (continued)
First Niagara Financial Group Inc	14,880	$	145		Intuit Inc (a)	6,505	$		380
Hudson City Bancorp Inc (a)	90,684		771		Konami Corp	1,400			34
New York Community Bancorp Inc (a)	40,301		527		Microsoft Corp (a)	70,131			2,446
People's United Financial Inc (a)	20,129		277		NSD Co Ltd	10,900			113
		$	1,720		Oracle Corp (a)	52,003			1,755
					Red Hat Inc (b)	500			24
Semiconductors - 2.23%					SAP AG	618			46
Analog Devices Inc (a)	24,748		1,137
					ServiceNow Inc (b)	23,606			868
Applied Materials Inc (a)	45,394		690
ASML Holding NV - NY Reg Shares (a)	12,602		1,025		Simplex Holdings Inc	324			120
Avago Technologies Ltd (a)	27,305		1,030		Software AG	1,974			68
					Square Enix Holdings Co Ltd	2,700			35
Broadcom Corp	700		25		VMware Inc (b)	1,800			128
First Solar Inc (a),(b)	15,158		825
GT Advanced Technologies Inc (b)	62,315		277				$		15,780
Intel Corp	49,976		1,213		Telecommunications - 2.10%
KLA-Tencor Corp (a)	6,801		383		Advanced Info Service PCL	6,200			54
Linear Technology Corp (a)	8,891		334		Alcatel-Lucent/France ADR(b),(c)	166,740			280
LSI Corp (a),(b)	165,342		1,223		Amdocs Ltd	800			29
Marvell Technology Group Ltd (a)	20,200		219		America Movil SAB de CV ADR	2,700			54
Maxim Integrated Products Inc	6,000		177		ARRIS Group Inc (b)	8,900			135
MEMC Electronic Materials Inc (a),(b)	172,392		1,391		AT&T Inc (a)	38,071			1,332
Microchip Technology Inc (a)	11,922		435		CenturyLink Inc (a)	13,178			450
Micron Technology Inc (b)	224,348		2,620		China Communications Services Corp Ltd	12,000			8
Mimasu Semiconductor Industry Co Ltd	15,300		138		China Mobile Ltd ADR	3,900			202
Miraial Co Ltd	6,500		128		China Telecom Corp Ltd	48,000			23
MKS Instruments Inc (a)	13,300		374		Ciena Corp (b)	21,880			366
NVIDIA Corp	13,300		193		Cisco Systems Inc (a)	112,317			2,704
NXP Semiconductor NV (b)	15,500		478		Clearwire Corp (b)	97,203			436
ON Semiconductor Corp (a),(b)	21,600		185		Comtech Telecommunications Corp	5,600			148
PMC - Sierra Inc (b)	32,400		195		Deutsche Telekom AG ADR	19,750			227
QLogic Corp (b)	39,400		384		DiGi.Com Bhd	14,000			21
Realtek Semiconductor Corp	21,210		53		DigitalGlobe Inc (b)	32,900			995
Rohm Co Ltd	10,000		365		ENTEL Chile SA	3,484			63
Rovi Corp (b)	18,345		473		Far EasTone Telecommunications Co Ltd	19,000			45
Samsung Electronics Co Ltd GDR	663		443		France Telecom SA ADR	8,100			82
Shinkawa Ltd	25,900		155		Freenet AG	6,659			142
Shinko Electric Industries Co Ltd	19,300		213		GN Store Nord A/S	11,148			213
Skyworks Solutions Inc (b)	25,965		619		Harris Corp (a)	12,474			625
Sumco Corp	5,400		65		JDS Uniphase Corp (a),(b)	62,485			851
Taiwan Semiconductor Manufacturing Co Ltd	7,400		138		Juniper Networks Inc (b)	23,980			425
ADR(a)					KDDI Corp	1,000			45
Teradyne Inc (b)	21,710		389		KT Corp ADR	4,600			78
Tokyo Electron Ltd	7,700		379		LG Uplus Corp (b)	4,770			49
Xilinx Inc (a)	7,127		290		Mobistar SA	6,816			150
		$	18,661		Motorola Solutions Inc (a)	5,579			323
					Nippon Telegraph & Telephone Corp	7,834			386
Shipbuilding - 0.02%					NTT DOCOMO Inc	41			60
Mitsui Engineering & Shipbuilding Co Ltd	99,000		161		Palo Alto Networks Inc (b)	2,400			117
Samsung Heavy Industries Co Ltd	710		20		Polycom Inc (b)	11,300			128
		$	181		SK Telecom Co Ltd ADR	3,200			65
Software - 1.89%					Softbank Corp	10,020			501
Activision Blizzard Inc	14,270		206		Sprint Nextel Corp (a),(b)	217,459			1,587
Akamai Technologies Inc (b)	44,897		2,071		Tele2 AB (b)	849			11
Allscripts Healthcare Solutions Inc (b)	3,000		42		Tele2 AB - B shares (b),(f)	1,151			5
Alpha Systems Inc	3,400		42		Telecom Italia SpA	183,134			142
Amadeus IT Holding SA	7,597		232		Telefonaktiebolaget LM Ericsson	19,236			226
ANSYS Inc (b)	2,530		188		Telefonica Brasil SA ADR	3,900			96
Autodesk Inc (b)	19,840		749		Telefonica SA ADR(b)	17,067			233
BMC Software Inc (a),(b)	14,866		673		Telekomunikasi Indonesia Persero Tbk PT	1,100			50
Broadridge Financial Solutions Inc (a)	1,500		41		ADR
CA Inc (a)	30,980		846		Telenor ASA	4,915			103
CareView Communications Inc (b)	203,245		152		Telephone & Data Systems Inc	5,400			126
Citrix Systems Inc (a),(b)	9,113		587		Tellabs Inc (a)	162,000			335
CommVault Systems Inc (b)	2,200		154		Tim Participacoes SA ADR	900			17
Compuware Corp	31,562		354		T-Mobile US Inc (b)	13,950			300
Concur Technologies Inc (b)	15,870		1,281		Turkcell Iletisim Hizmetleri AS (b)	5,489			34
Dun & Bradstreet Corp/The (a)	9,957		977		tw telecom inc (a),(b)	19,464			555
Ebix Inc	5,386		107		Verizon Communications Inc (a)	19,338			938
Fair Isaac Corp	4,800		236		Virgin Media Inc (a)	14,241			707
Fidelity National Information Services Inc (a)	15,654		703		Vodafone Group PLC ADR	10,062			291
Fiserv Inc (a),(b)	1,400		122				$		17,568

See accompanying notes.

52

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
	COMMON STOCKS (continued)		Shares Held	Value (000's)		CONVERTIBLE PREFERRED STOCKS
	Textiles - 0.08%					(continued)		Shares Held			Value	(000	's)
	Cintas Corp (a)		8,435	$	385	Electric - 0.03%
	Mohawk Industries Inc (b)		1,800		200	NextEra Energy Inc			1,525	$		83
	Nisshinbo Holdings Inc		8,000		58	PPL Corp (a)			2,400			125
	Teijin Ltd		3,000		7					$		208
				$	650	Iron & Steel - 0.06%
	Toys, Games & Hobbies - 0.23%					ArcelorMittal			8,750			185
	Hasbro Inc (a)		12,173		542	Cliffs Natural Resources Inc			17,116			328
	Jakks Pacific Inc (a)		38		—					$		513
	Mattel Inc (a)		21,112		945
	Namco Bandai Holdings Inc		11,600		188	Oil & Gas - 0.01%
	Nintendo Co Ltd		2,100		207	SandRidge Energy Inc			1,235			109
	Sanrio Co Ltd		1,400		67
				$	1,949	REITS- 0.06	%
	Transportation - 1.14%					iStar Financial Inc			9,001			516
	Ansaldo STS SpA		5,464		52
	AP Moeller - Maersk A/S - B shares		9		64	TOTAL CONVERTIBLE PREFERRED STOCKS				$		2,257
	Bristow Group Inc		1,100		69	PREFERRED STOCKS - 0.47%		Shares Held			Value	(000	's)
	Canadian National Railway Co		3,020		307	Automobile Manufacturers - 0.03%
	Canadian Pacific Railway Ltd		1,960		259	Porsche Automobil Holding SE			1,286			106
	Central Japan Railway Co		1,700		187	Volkswagen AG			551			120
	CH Robinson Worldwide Inc (a)		16,874		956					$		226
	Con-way Inc (a)		4,900		186
	CSX Corp (a)		11,016		278	Banks- 0.36	%
	Deutsche Post AG		14,469		365	Ally Financial Inc (e)			1,068			1,047
	DSV A/S		5,456		131	Capital One Financial Corp			29,252			742
	East Japan Railway Co		2,600		193	SunTrust Banks Inc			48,783			1,220
	Era Group Inc (a),(b)		2,500		64					$		3,009
	Expeditors International of Washington Inc (a)		17,989		702
	FedEx Corp (a)		12,883		1,241	Consumer Products - 0.01%
						Henkel AG & Co KGaA			858			82
	Hankyu Hanshin Holdings Inc		3,000		16
	Kansas City Southern		3,510		389
	Keio Corp		12,000		80	Electric - 0.00%
	Keisei Electric Railway Co Ltd		10,000		85	AES Tiete SA			1,700			18
	Landstar System Inc (a)		8,560		452
	Nippon Express Co Ltd		13,000		58	Iron & Steel - 0.01%
	Norfolk Southern Corp (a)		3,069		235
						Usinas Siderurgicas de Minas Gerais SA (b)			20,671			86
	Odakyu Electric Railway Co Ltd		2,000		19
	Old Dominion Freight Line Inc (a),(b)		3,700		159
	Ryder System Inc (a)		6,090		384	Media- 0.02	%
	Seino Holdings Co Ltd		4,000		31	ProSiebenSat.1 Media AG			5,154			205
	Tobu Railway Co Ltd		8,000		41
	Tokyu Corp		6,000		37	Oil & Gas - 0.04%
	Union Pacific Corp (a)		3,469		537
						Chesapeake Energy Corp (e)			300			329
	United Parcel Service Inc (a),(c)		19,777		1,699
	Werner Enterprises Inc (a)		1,400		35
	West Japan Railway Co		4,600		191	Retail - 0.00%
				$	9,502	Lojas Americanas SA			2,651			21
						Orchard Supply Hardware Stores Corp (a),(b)			31			—
	Water- 0.01	%								$		21
	American Water Works Co Inc (a)		500		20
						TOTAL PREFERRED STOCKS				$		3,976
	Cia de Saneamento Basico do Estado de Sao		4,200		53				Principal
	Paulo ADR					BONDS- 24.12	%	Amount (000's)			Value	(000	's)
				$	73
	TOTAL COMMON STOCKS			$	460,814	Aerospace & Defense - 0.15%
CONVERTIBLE PREFERRED STOCKS - 0.27%						Meccanica Holdings USA Inc
			Shares Held		Value (000's)	6.25%, 01/15/2040(e)		$	600	$		521
						7.38%, 07/15/2039(e)			770			737
	Automobile Manufacturers - 0.04%									$		1,258
	General Motors Co		6,665		325
						Agriculture - 0.19%
						KazAgro National Management Holding JSC
	Banks- 0.07	%				4.63%, 05/24/2023(e)			1,700			1,624
	Wells Fargo & Co		445		559
						Airlines - 0.42%
	Diversified Financial Services - 0.00%					Air Canada 2013-1 Class A Pass Through
	2010 Swift Mandatory Common Exchange		1,850		27	Trust
	Security Trust (e)					4.13%, 05/15/2025(e)			320			328
						American Airlines 2011-2 Class A Pass
						Through Trust
						8.63%, 04/15/2023(d)			728			768

See accompanying notes.

53

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
		Principal							Principal
	BONDS (continued)	Amount (000's)				Value(000	's)	BONDS (continued)	Amount (000's)			Value	(000	's)
	Airlines (continued)							Banks (continued)
	American Airlines Inc							Royal Bank of Scotland Group PLC
	0.00%, 10/15/2012(b)		$	100	$	118		6.13%, 12/15/2022	$	1,115	$		1,149
	0.00%, 03/15/2016(b),(e)			200		232		Russian Agricultural Bank OJSC Via RSHB
	Continental Airlines 1999-1 Class A Pass							Capital SA
	Through Trust							5.30%, 12/27/2017(e)		200			209
	6.55%, 02/02/2019			460		516		Societe Generale SA
	Continental Airlines 1999-1 Class B Pass							9.38%, 09/29/2049(h)	EUR	400			604
	Through Trust							UBS AG/Stamford CT
	6.80%, 02/02/2020(d)			109		113		5.75%, 04/25/2018	$	293			345
	Continental Airlines 2012-2 Class A Pass							7.63%, 08/17/2022		100			114
	Through Trust							UniCredit SpA
	4.00%, 04/29/2026(d)			145		152		6.95%, 10/31/2022(h)	EUR	1,080			1,475
	Continental Airlines 2012-2 Class B Pass							Vnesheconombank Via VEB Finance PLC
	Through Trust							6.03%, 07/05/2022(e)	$	200			217
	5.50%, 04/29/2022			105		111		VTB Bank OJSC via VTB Eurasia Ltd
	Continental Airlines 2012-3 Class C Pass Thru							9.50%, 12/06/2049(h)		3,000			3,218
	Certificates										$		21,725
	6.13%, 04/29/2018			195		203
	Delta Air Lines 2007-1 Class A Pass Through							Beverages - 0.39%
	Trust							CEDC Finance Corp International Inc
								0.00%, 12/01/2016(b)		4,000			3,280
	6.82%, 02/10/2024			409		478
	US Airways 2012-1 Class A Pass Through
	Trust							Building Materials - 0.03%
	5.90%, 04/01/2026(d)			230		257		Builders FirstSource Inc
	US Airways 2012-2 Class A Pass Through							7.63%, 06/01/2021(e)		135			136
	Trust							Desarrolladora Homex SAB de CV
	4.63%, 12/03/2026(d)			260		267		9.75%, 03/25/2020(e)		285			105
					$	3,543					$		241
	Automobile Manufacturers - 0.22%							Chemicals - 0.20%
	Daimler Finance North America LLC							Hercules Inc
	0.89%, 03/28/2014(e),(h)			1,400		1,404		6.50%, 06/30/2029		330			305
	Volkswagen International Finance NV							INEOS Group Holdings SA
	0.88%, 09/22/2013(e),(h)			100		100		6.13%, 08/15/2018(e)		375			370
	1.03%, 03/21/2014(e),(h)			300		301		Orion Engineered Carbons Finance & Co
					$	1,805		SCA
								9.25%, PIK 10.00%, 08/01/2019(e),(i)		950			969
	Banks- 2.60	%
	Banco do Brasil SA/Cayman										$		1,644
	6.25%, 04/15/2049(h)			2,500		2,421		Computers - 0.04%
	Banco Santander Brasil SA/Cayman Islands							Hewlett-Packard Co
	8.00%, 03/18/2016(e)		BRL	2,155		997		4.65%, 12/09/2021		360			371
	Banco Santander Chile
	6.50%, 09/22/2020(e)		CLP	350,000		700
	Banco Santander Mexico SA Institucion de							Distribution & Wholesale - 0.36%
	Banca Multiple Grupo Financiero Santand							American Builders & Contractors Supply Co
	4.13%, 11/09/2022		$	1,500		1,481		Inc
								5.63%, 04/15/2021(e)		25			25
	Bank of America Corp
	6.00%, 09/01/2017			700		807		Glencore Funding LLC
								4.13%, 05/30/2023(e)		1,500			1,466
	Barclays Bank PLC
	6.00%, 01/14/2021		EUR	800		1,189		Ingram Micro Inc
	Cooperatieve Centrale Raiffeisen-							5.00%, 08/10/2022		1,120			1,161
	Boerenleenbank BA/Netherlands							LKQ Corp
								4.75%, 05/15/2023(e)		335			334
	4.75%, 01/15/2020(e),(f)		$	1,000		1,124
	Eksportfinans ASA										$		2,986
	2.25%, 02/11/2021		CHF	145		135		Diversified Financial Services - 1.20%
	Goldman Sachs Group Inc/The							BTG Investments LP
	6.15%, 04/01/2018		$	700		814		4.50%, 04/17/2018		1,000			982
	HSBC Bank USA NA/New York NY							Doric Nimrod Air Finance Alpha Ltd 2012-1
	6.00%, 08/09/2017			100		116		Class A Pass Through Trust
	Intesa Sanpaolo SpA							5.13%, 11/30/2024(e)		200			213
	6.50%, 02/24/2021(e)			1,370		1,460		General Electric Capital Corp
	JP Morgan Chase Bank NA							6.25%, 12/15/2049(h)		700			775
	6.00%, 10/01/2017			100		117		7.13%, 12/15/2049(h)		1,000			1,170
	JPMorgan Chase & Co							IM Cedulas 5
	4.25%, 11/02/2018		NZD	1,365		1,061		3.50%, 06/15/2020	EUR	1,500			1,719
	Morgan Stanley							IM Cedulas 7
	6.63%, 04/01/2018		$	850		1,000		4.00%, 03/31/2021		1,500			1,819
	Oschadbank Via SSB #1 PLC							Leighton Finance USA Pty Ltd
	8.88%, 03/20/2018			1,000		972		5.95%, 11/13/2022	$	1,500			1,562

See accompanying notes.

54

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
		Principal							Principal
	BONDS (continued)	Amount (000's)				Value(000	's)	BONDS (continued)	Amount (000's)				Value	(000	's)
	Diversified Financial Services (continued)							Home Equity Asset Backed Securities (continued)
	Schahin II Finance Co SPV Ltd							HSI Asset Securitization Corp Trust 2006-
	5.88%, 09/25/2023(e)		$	491	$	509		HE2
	SLM Corp							0.30%, 12/25/2036(h)		$	2,260	$		1,022
	8.00%, 03/25/2020			100		109		Morgan Stanley ABS Capital I Inc Trust 2007-
	8.45%, 06/15/2018			500		555		HE2
	Textron Financial Corp							0.28%, 01/25/2037(h)			2,077			1,173
	6.00%, 02/15/2067(e),(h)			700		629		Morgan Stanley ABS Capital I Inc Trust 2007-
					$	10,042		HE5
								0.53%, 03/25/2037(h)			1,957			963
	Electric - 0.17%							Morgan Stanley Home Equity Loan Trust
	Cia de Eletricidade do Estado da Bahia							2007-2
	11.75%, 04/27/2016(e)		BRL	350		168
								0.42%, 04/25/2037(h)			2,500			1,501
	Enel Finance International NV											$		5,862
	6.00%, 10/07/2039(e)		$	500		496
	Energy Future Intermediate Holding Co LLC /							Insurance - 0.44%
	EFIH Finance Inc							Assicurazioni Generali SpA
	11.25%, PIK 12.25%, 12/01/2018(e),(i)			300		271		7.75%, 12/12/2042		EUR	1,200			1,699
	10.00%, 12/01/2020(e)			450		510		AXA SA
					$	1,445		6.38%, 12/29/2049(e),(h)		$	1,300			1,313
								MetLife Capital Trust IV
	Electronics - 0.08%							7.88%, 12/15/2067(e)			500			631
	Jabil Circuit Inc											$		3,643
	4.70%, 09/15/2022			680		688
								Internet - 0.05%
								VeriSign Inc
	Engineering & Construction - 0.02%							4.63%, 05/01/2023(e)			400			402
	Odebrecht Finance Ltd
	8.25%, 04/25/2018(e)		BRL	300		144
								Iron & Steel - 0.22%
								ArcelorMittal
	Entertainment - 0.04%							7.25%, 03/01/2041			350			341
	WMG Acquisition Corp
	6.00%, 01/15/2021(e)		$	300		316		7.50%, 10/15/2039			897			901
								Samarco Mineracao SA
								4.13%, 11/01/2022(e)			635			599
	Food- 0.40	%										$		1,841
	BRF SA
	5.88%, 06/06/2022(e)			1,000		1,106		Media- 0.30	%
	7.75%, 05/22/2018(d),(e)		BRL	1,500		700		Clear Channel Communications Inc
	Cosan Luxembourg SA							5.50%, 09/15/2014			1,090			1,082
	9.50%, 03/14/2018(e)			350		170		DISH DBS Corp
	Hawk Acquisition Sub Inc							5.00%, 03/15/2023			100			95
	4.25%, 10/15/2020(e),(f)		$	700		695		NBCUniversal Enterprise Inc
								5.25%, 12/19/2049(e)			635			641
	SUPERVALU Inc
	6.75%, 06/01/2021(e)			694		660		Ottawa Holdings Pte Ltd
								5.88%, 05/16/2018(e)			700			647
					$	3,331
												$		2,465
	Gas- 0.13	%
	LBC Tank Terminals Holding Netherlands							Mining - 0.43%
	BV							AngloGold Ashanti Holdings PLC
	6.88%, 05/15/2023(e)			1,050		1,091		5.13%, 08/01/2022			590			583
								Hecla Mining Co
								6.88%, 05/01/2021(e)			690			668
	Hand & Machine Tools - 0.08%							IAMGOLD Corp
	Mcron Finance Sub LLC / Mcron Finance							6.75%, 10/01/2020(e)			1,105			1,011
	Corp							Newcrest Finance Pty Ltd
	8.38%, 05/15/2019(e)			410		443		4.20%, 10/01/2022(e)			575			557
	Milacron LLC / Mcron Finance Corp							Vedanta Resources PLC
	7.75%, 02/15/2021(e)			250		262		7.13%, 05/31/2023(e),(j)			750			744
					$	705						$		3,563
	Healthcare - Products - 0.17%							Miscellaneous Manufacturing - 0.01%
	Mallinckrodt International Finance SA							General Electric Co
	4.75%, 04/15/2023(e)			1,375		1,394		2.70%, 10/09/2022			100			98
	Holding Companies - Diversified - 0.17%							Mortgage Backed Securities - 2.76%
	KOC Holding AS							Alternative Loan Trust 2006-4CB
	3.50%, 04/24/2020(e)			1,500		1,428		5.50%, 04/25/2036			182			171
								Alternative Loan Trust 2006-J4
								6.25%, 07/25/2036(h)			201			142
	Home Equity Asset Backed Securities - 0.70%
	Countrywide Asset-Backed Certificates							Alternative Loan Trust 2007-4CB
	0.33%, 08/25/2037(h)			1,600		1,203		5.75%, 04/25/2037			215			191

See accompanying notes.

55

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Mortgage Backed Securities (continued)						Mortgage Backed Securities (continued)
Banc of America Funding 2004-B Trust						First Horizon Mortgage Pass-Through Trust
2.98%, 11/20/2034(h)	$	343	$	328		2005-AR3
Banc of America Funding Corp						2.61%, 08/25/2035(h)	$	377	$	367
0.64%, 07/25/2037(e),(h)		184		117		Ginnie Mae
Banc of America Large Loan Trust 2010-						0.92%, 07/16/2050(h)		6,464		293
HLTN						GMACM Mortgage Loan Trust 2003-J7
2.50%, 11/15/2015(e),(h)		987		987		5.00%, 11/25/2033		49		50
Banc of America Mortgage 2005-A Trust						GMACM Mortgage Loan Trust 2005-AR4
2.94%, 02/25/2035(h)		126		126		3.58%, 07/19/2035(h)		233		216
Banc of America Mortgage 2006-B Trust						GMACM Mortgage Loan Trust 2005-AR6
6.16%, 11/20/2046(h)		104		96		3.24%, 11/19/2035(h)		586		551
Bear Stearns ARM Trust 2004-10						GS Mortgage Securities Trust 2007-GG10
3.00%, 01/25/2035(h)		8		8		5.79%, 08/10/2045(h)		450		465
Bear Stearns ARM Trust 2005-12						GSR Mortgage Loan Trust 2004-12
2.90%, 02/25/2036(h)		228		178		2.78%, 12/25/2034(h)		847		853
Bear Stearns Commercial Mortgage Securities						GSR Mortgage Loan Trust 2004-14
Trust 2004-PWR2						2.70%, 12/25/2034(h)		314		313
5.84%, 05/11/2039(e),(h)		105		107		GSR Mortgage Loan Trust 2006-8F
Bella Vista Mortgage Trust 2005-1						6.00%, 09/25/2036		384		341
0.47%, 02/22/2035(h)		180		164		HarborView Mortgage Loan Trust 2005-14
CHL Mortgage Pass-Through Trust 2004-						2.94%, 12/19/2035(h)		293		254
HYB4						HarborView Mortgage Loan Trust 2005-9
2.67%, 09/20/2034(h)		97		94		0.54%, 06/20/2035(h)		635		604
CHL Mortgage Pass-Through Trust 2004-						IndyMac INDX Mortgage Loan Trust 2005-
HYB8						AR16IP
3.46%, 01/20/2035(h)		174		166		0.51%, 07/25/2045(h)		415		374
CHL Mortgage Pass-Through Trust 2005-1						IndyMac INDX Mortgage Loan Trust 2006-
0.51%, 03/25/2035(h)		361		268		AR5
CHL Mortgage Pass-Through Trust 2005-11						4.63%, 05/25/2036(h)		282		250
0.46%, 04/25/2035(h)		196		150		JP Morgan Alternative Loan Trust
CHL Mortgage Pass-Through Trust 2005-13						5.05%, 03/25/2036(h)		41		36
5.50%, 06/25/2035		357		360		JP Morgan Chase Commercial Mortgage
Citicorp Mortgage Securities REMIC Pass-						Securities Corp
Through Certificates Trust Series 2005-6						6.19%, 04/15/2018(d),(e),(h)		135		137
0.54%, 09/25/2035(h)		38		37		JP Morgan Chase Commercial Mortgage
Citigroup Commercial Mortgage Trust						Securities Trust 2007-LDP10
3.63%, 05/10/2035(h)		370		336		5.46%, 01/15/2049		250		266
CitiMortgage Alternative Loan Trust Series						JP Morgan Chase Commercial Mortgage
2006-A3						Securities Trust 2011-FL1
6.00%, 07/25/2036		83		77		2.10%, 11/15/2028(e),(h)		1,007		1,010
CitiMortgage Alternative Loan Trust Series						JP Morgan Mortgage Trust 2005-A5
2007-A6						3.06%, 08/25/2035(h)		215		216
6.00%, 06/25/2037(h)		234		205		Lehman Mortgage Trust 2006-1
CitiMortgage Alternative Loan Trust Series						5.50%, 02/25/2036		66		68
2007-A8						MASTR Adjustable Rate Mortgages Trust
6.00%, 10/25/2037(h)		363		330		2006-2
COBALT CMBS Commercial Mortgage Trust						2.92%, 04/25/2036(h)		370		350
2006-C1						Merrill Lynch Alternative Note Asset Trust
5.25%, 08/15/2048		325		350		Series 2007-F1
Credit Suisse First Boston Mortgage Securities						6.00%, 03/25/2037		405		315
Corp						Merrill Lynch Mortgage Investors Trust Series
5.25%, 05/25/2028		100		103		MLCC 2005-3
5.50%, 11/25/2035		296		264		0.44%, 11/25/2035(h)		99		94
CSMC Mortgage-Backed Trust 2006-8						0.44%, 11/25/2035(h)		623		594
6.50%, 10/25/2021(h)		174		148		Merrill Lynch Mortgage Investors Trust Series
Del Coronado Trust 2013-DEL MZ						MLCC 2006-2
5.20%, 03/15/2018(d),(e),(h)		200		201		2.21%, 05/25/2036(h)		113		112
Deutsche Alt-A Securities Inc Mortgage Loan						Merrill Lynch Mortgage Investors Trust Series
Trust Series 2005-6						MLCC 2007-1
5.50%, 12/25/2035(h)		203		172		5.08%, 01/25/2037(h)		176		163
Extended Stay America Trust 2013-ESH						Morgan Stanley Capital I Trust 2007-HQ12
5.05%, 12/05/2031(e)		572		596		5.58%, 04/12/2049(h)		279		306
Fannie Mae Trust 2002-W8						Morgan Stanley Mortgage Loan Trust 2006-
0.59%, 09/25/2032(h)		145		144		11
FHLMC Multifamily Structured Pass Through						6.00%, 08/25/2036(h)		291		269
Certificates						Morgan Stanley Mortgage Loan Trust 2006-2
1.58%, 10/25/2021(f),(h)		198		21		5.75%, 02/25/2036		262		257
						Motel 6 Trust
						3.78%, 10/05/2025(e)		200		198

See accompanying notes.

56

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
			Principal							Principal
	BONDS (continued)	Amount (000's)				Value(000	's)	BONDS (continued)	Amount (000's)				Value	(000	's)
	Mortgage Backed Securities (continued)							Oil & Gas (continued)
	Provident Funding Mortgage Loan Trust 2005-							Gazprom Neft OAO Via GPN Capital SA
	2							4.38%, 09/19/2022(e)		$	1,200	$		1,152
	2.88%, 10/25/2035(h)		$	220	$	217		Halcon Resources Corp
	RALI Series 2007-QH7 Trust							9.75%, 07/15/2020(e)			555			577
	0.44%, 08/25/2037(h)			882		653		Lukoil International Finance BV
	Residential Asset Securitization Trust 2005-							4.56%, 04/24/2023(e)			1,400			1,354
	A8CB							Newfield Exploration Co
	5.38%, 07/25/2035			619		532		5.63%, 07/01/2024			1,020			1,071
	Residential Asset Securitization Trust 2007-							OGX Austria GmbH
	A6							8.38%, 04/01/2022(e)			1,100			605
	6.00%, 06/25/2037(h)			292		265		8.50%, 06/01/2018(e)			800			456
	RFMSI Series 2006-S1 Trust							Pertamina Persero PT
	5.75%, 01/25/2036			262		276		4.30%, 05/20/2023(e)			1,500			1,444
	RMAC Securities PLC							5.63%, 05/20/2043(e)			1,000			902
	0.66%, 06/12/2044(h)		GBP	618		857		Petrobras Global Finance BV
	Structured Adjustable Rate Mortgage Loan							2.00%, 05/20/2016			700			697
	Trust							4.38%, 05/20/2023			3,330			3,209
	0.50%, 07/25/2035(h)		$	140		115		5.63%, 05/20/2043			1,500			1,396
	Structured Asset Mortgage Investments II							Petroleos de Venezuela SA
	Trust 2006-AR3							4.90%, 10/28/2014			5,000			4,800
	0.40%, 04/25/2036(h)			677		505		Petroleos Mexicanos
	Structured Asset Sec Mort Pass Thr Cert Series							7.65%, 11/24/2021(e)		MXN	6,500			562
	2001-21a							Petrominerales Ltd
	2.40%, 01/25/2032(h)			33		29		3.25%, 06/12/2017		$	100			77
	Structured Asset Securities Corp Mortgage							Plains Exploration & Production Co
	Pass-Through Ctfs Ser 2004-20							6.88%, 02/15/2023			300			339
	5.75%, 11/25/2034			338		357		Rosneft Oil Co via Rosneft International
	Thornburg Mortgage Securities Trust 2007-2							Finance Ltd
	1.44%, 06/25/2037(h)			82		71		4.20%, 03/06/2022(e)			650			621
	5.75%, 06/25/2037(h)			331		320		SandRidge Energy Inc
	WaMu Mortgage Pass Through Certificates							7.50%, 02/15/2023			675			695
	0.90%, 01/25/2047(h)			978		942		Sasol Financing International PLC
	1.57%, 08/25/2042(h)			22		21		4.50%, 11/14/2022			980			970
	2.22%, 01/25/2047(h)			473		443		TNK-BP Finance SA
	2.47%, 07/25/2046(h)			401		382		6.63%, 03/20/2017			500			558
	Washington Mutual Mortgage Pass-Through											$		21,772
	Certificates WMALT Series 2006-2
	6.00%, 03/25/2036(h)			256		228		Oil & Gas Services - 0.39%
	Wells Fargo Mortgage Backed Securities							EDC Finance Ltd
								4.88%, 04/17/2021(e)			1,000			987
	2003-J Trust
	4.53%, 10/25/2033(h)			88		89		Sea Trucks Group
								9.00%, 03/26/2018(e)			2,200			2,233
	Wells Fargo Mortgage Backed Securities
	2004-A Trust											$		3,220
	4.91%, 02/25/2034(h)			301		309		Other Asset Backed Securities - 0.59%
	Wells Fargo Mortgage Backed Securities							Belle Haven ABS CDO Ltd
	2005-11 Trust							0.63%, 11/03/2044(e),(f),(h)			141			56
	5.50%, 11/25/2035			104		109		0.67%, 11/03/2044(e),(f),(h)			191			76
	Wells Fargo Mortgage Backed Securities							Countrywide Asset-Backed Certificates
	2005-12 Trust							0.34%, 06/25/2047(h)			1,200			980
	5.50%, 11/25/2035			160		167		0.38%, 06/25/2047(h)			1,600			1,278
	Wells Fargo Mortgage Backed Securities							Huntington CDO Ltd
	2005-17 Trust							0.54%, 11/05/2040(e),(f),(h)			238			212
	5.50%, 01/25/2036(h)			222		234		JP Morgan Mortgage Acquisition Trust 2006-
					$	23,080		WMC3
								0.30%, 08/25/2036(h)			484			277
	Municipals - 0.23%
	Autonomous Community of Madrid Spain							Lehman XS Trust Series 2006-12N
								0.34%, 08/25/2046(h)			261			258
	4.30%, 09/15/2026		EUR	1,625		1,808
	Junta de Castilla y Leon							Merrill Lynch Mortgage Investors Trust Series
	6.51%, 03/01/2019			100		141		2006-RM4
								0.27%, 09/25/2037(h)			74			22
					$	1,949		Newcastle CDO V Ltd
	Office Furnishings - 0.10%							0.62%, 12/24/2039(e),(h)			227			216
	Steelcase Inc							Sierra Madre Funding Ltd
	6.38%, 02/15/2021		$	785		854		0.58%, 09/07/2039(d),(e),(f),(h)			538			391
								0.60%, 09/07/2039(d),(e),(f),(h)			1,315			959
								Sierra Timeshare 2012-1 Receivables Funding
	Oil & Gas - 2.60%							LLC
	Connacher Oil and Gas Ltd							2.84%, 11/20/2028(e)			88			91
	8.50%, 08/01/2019(e)			495		287

See accompanying notes.

57

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)			Value(000	's)	BONDS (continued)	Amount (000's)			Value(000	's)
Other Asset Backed Securities (continued)						Sovereign (continued)
Triaxx Prime CDO 2007-1 Ltd						Italy Buoni Poliennali Del Tesoro
0.46%, 10/02/2039(e),(h)	$	195	$	128		5.50%, 11/01/2022	EUR	485	$	700
			$	4,944		Mexican Bonos
						6.00%, 06/18/2015(h)	MXN	93		753
Pharmaceuticals - 0.03%						6.50%, 06/10/2021(h)		2,750		232
Valeant Pharmaceuticals International						7.75%, 12/14/2017(h)		26,000		2,287
6.38%, 10/15/2020(e)		270		283
						8.00%, 12/19/2013(h)		5,500		440
						8.00%, 12/17/2015(h)		6,350		540
Pipelines - 0.12%						8.50%, 12/13/2018(h)		5,000		462
Copano Energy LLC / Copano Energy Finance						Mexico Government International Bond
Corp						4.75%, 03/08/2044	$	1,000		992
7.13%, 04/01/2021		100		115		Mongolia Government International Bond
IFM US Colonial Pipeline 2 LLC						4.13%, 01/05/2018		1,000		975
6.45%, 05/01/2021(e)		800		883		New Zealand Government Bond
			$	998		6.00%, 12/15/2017	NZD	380		341
						New Zealand Index Linked
Real Estate - 0.59%						2.00%, 09/20/2025		100		85
Franshion Investment Ltd						Portugal Obrigacoes do Tesouro OT
4.70%, 10/26/2017		2,000		2,005		3.85%, 04/15/2021	EUR	1,550		1,826
Lai Sun International Finance 2012 Ltd						5.65%, 02/15/2024(e)		4,285		5,520
5.70%, 01/18/2018		1,000		979		Russian Foreign Bond - Eurobond
Shimao Property Holdings Ltd						4.50%, 04/04/2022(e)	$	200		215
6.63%, 01/14/2020		2,000		1,939		Slovenia Government International Bond
			$	4,923		4.75%, 05/10/2018(e)		3,000		2,955
Regional Authority - 0.39%						Spain Government Bond
Province of Ontario Canada						4.30%, 10/31/2019	EUR	505		679
3.15%, 06/02/2022	CAD	500		494		4.65%, 07/30/2025		265		343
Queensland Treasury Corp						Ukraine Government International Bond
5.75%, 11/21/2014	AUD	2,740		2,734		6.88%, 09/23/2015	$	1,000		1,011
			$	3,228		7.95%, 06/04/2014		3,000		3,060
						Uruguay Government International Bond
Retail - 0.17%						4.25%, 04/05/2027	UYU	13,379		814
Foot Locker Inc						4.38%, 12/15/2028		9,305		583
8.50%, 01/15/2022	$	410		482					$	37,825
LS Finance 2022 Ltd
4.25%, 10/16/2022		1,000		978		Telecommunications - 2.02%
			$	1,460		Alcatel-Lucent USA Inc
						6.45%, 03/15/2029	$	770		618
Software - 0.08%						America Movil SAB de CV
First Data Corp						3.13%, 07/16/2022		200		191
10.63%, 06/15/2021(e)		700		704		Axtel SAB de CV
						7.00%, 01/31/2020(e),(h)		3,000		2,850
Sovereign - 4.52%						Bharti Airtel International Netherlands BV
						5.13%, 03/11/2023(e)		1,120		1,109
Australia Government Bond						Brasil Telecom SA
5.50%, 04/21/2023	AUD	1,200		1,353		9.75%, 09/15/2016 (e)	BRL	605		291
5.75%, 05/15/2021		100		113
5.75%, 07/15/2022		100		114		Clearwire Communications LLC / Clearwire
Brazilian Government International Bond						Finance Inc
						12.00%, 12/01/2017(e)	$	100		116
8.50%, 01/05/2024	BRL	1,945		938		Colombia Telecomunicaciones SA ESP
Bundesschatzanweisungen						5.38%, 09/27/2022(e)		485		477
1.75%, 06/14/2013	EUR	1,900		2,471		Eircom Finance Ltd
Canadian Government Bond						9.25%, 05/15/2020 (e)	EUR	300		382
1.00%, 02/01/2015	CAD	325		313
1.50%, 08/01/2015		820		798		Embarq Corp
3.00%, 12/01/2015		375		378		8.00%, 06/01/2036	$	1,635		1,771
Chile Government International Bond						Intelsat Luxembourg SA
						6.75%, 06/01/2018(e)		115		120
5.50%, 08/05/2020	CLP	650,000		1,379		7.75%, 06/01/2021(e)		840		883
Cyprus Government International Bond						Millicom International Cellular SA
4.38%, 07/15/2014	EUR	1,000		1,165		4.75%, 05/22/2020(e)		650		642
Guatemala Government Bond
4.88%, 02/13/2028	$	1,000		975		OTE PLC
Hellenic Republic Government Bond						4.63%, 05/20/2016	EUR	4,000		5,095
2.00%, 02/24/2023(h)	EUR	700		550		Qwest Corp
2.00%, 02/24/2024(h)		700		522		7.20%, 11/10/2026	$	105		107
2.00%, 02/24/2025(h)		700		503		Telecom Italia Capital SA
2.00%, 02/24/2026(h)		700		488		6.00%, 09/30/2034		240		230
2.00%, 02/24/2027(h)		700		480		6.38%, 11/15/2033		140		137
2.00%, 02/24/2028(h)		700		472		7.72%, 06/04/2038		555		600
						Telefonica Emisiones SAU
						5.13%, 04/27/2020		75		80

See accompanying notes.

58

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
			Principal								Principal
	BONDS (continued)	Amount (000's)				Value(000	's)	CONVERTIBLE BONDS (continued)			Amount (000's)		Value	(000	's)
	Telecommunications (continued)							Computers (continued)
	Telefonica Emisiones SAU (continued)							SanDisk Corp
	5.46%, 02/16/2021		$	135	$	146		1.50%, 08/15/2017		$	420	$		557
	5.60%, 03/12/2020		GBP	200		332						$		3,030
	7.05%, 06/20/2036		$	375		429
	Virgin Media Finance PLC							Diversified Financial Services - 0.02%
	4.88%, 02/15/2022			275		277		Jefferies Group LLC
					$	16,883		3.88%, 11/01/2029			100			112
								Knight Capital Group Inc
	Transportation - 0.24%							3.50%, 03/15/2015			100			100
	Far Eastern Shipping Co											$		212
	8.00%, 05/02/2018(e)			2,000		2,025
								Food- 0.14	%
								Smithfield Foods Inc
	Trucking & Leasing - 0.08%							4.00%, 06/30/2013(a)			900			1,185
	Aviation Capital Group Corp
	4.63%, 01/31/2018(e)			305		315
	6.75%, 04/06/2021(e)			345		383		Home Builders - 0.10%
					$	698		Lennar Corp
								2.75%, 12/15/2020(a),(e)			225			415
	TOTAL BONDS				$	201,781		3.25%, 11/15/2021(a),(e)			225			403
			Principal									$		818
	CONVERTIBLE BONDS - 4.89%		Amount (000's)			Value(000	's)
								Insurance - 0.01%
	Aerospace & Defense - 0.06%							MGIC Investment Corp
	L-3 Communications Holdings Inc
	3.00%, 08/01/2035(a)			475		486		2.00%, 04/01/2020			100			119
								Internet - 0.61%
	Airlines - 0.04%							Equinix Inc
	Lufthansa Malta Blues LP							4.75%, 06/15/2016(a)			1,325			3,293
	0.75%, 04/05/2017		EUR	200		305		VeriSign Inc
								3.25%, 08/15/2037(a)			1,200			1,786
	Automobile Manufacturers - 0.14%											$		5,079
	Ford Motor Co
	4.25%, 11/15/2016		$	330		603		Investment Companies - 0.07%
	Volkswagen International Finance NV							Ares Capital Corp
								5.75%, 02/01/2016(a),(e)			525			577
	5.50%, 11/09/2015(d),(e)		EUR	400		573
					$	1,176
	Biotechnology - 0.50%							Iron & Steel - 0.07%
	Exelixis Inc							United States Steel Corp
	4.25%, 08/15/2019(a)		$	200		200		2.75%, 04/01/2019			284			298
	Gilead Sciences Inc							4.00%, 05/15/2014			250			256
	1.63%, 05/01/2016(a)			1,125		2,702						$		554
	Regeneron Pharmaceuticals Inc							Machinery - Diversified - 0.11%
	1.88%, 10/01/2016(a)			450		1,297		Chart Industries Inc
					$	4,199		2.00%, 08/01/2018(a)			575			893
	Building Materials - 0.12%
	Cemex SAB de CV							Media- 0.23	%
	3.25%, 03/15/2016(a)			775		1,009		XM Satellite Radio Inc
								7.00%, 12/01/2014(a),(e)			1,000			1,962
	Coal- 0.02	%
	Peabody Energy Corp							Mining - 0.04%
	4.75%, 12/15/2066			230		198		Alcoa Inc
								5.25%, 03/15/2014			186			254
								Stillwater Mining Co
	Commercial Services - 0.57%							1.75%, 10/15/2032			100			117
	Avis Budget Group Inc
	3.50%, 10/01/2014(a)			625		1,289						$		371
	Hertz Global Holdings Inc							Oil & Gas - 0.33%
	5.25%, 06/01/2014(a)			1,100		3,449		Chesapeake Energy Corp
					$	4,738		2.50%, 05/15/2037			225			225
								2.75%, 11/15/2035			65			66
	Computers - 0.36%							Cobalt International Energy Inc
	Cadence Design Systems Inc
	2.63%, 06/01/2015(a)			350		709		2.63%, 12/01/2019			705			764
								Essar Energy Investment Ltd
	EMC Corp/MA							4.25%, 02/01/2016			2,000			1,710
	1.75%, 12/01/2013			400		619
	NetApp Inc											$		2,765
	1.75%, 06/01/2013(a)			1,000		1,145

See accompanying notes.

59

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
				Principal							Principal
	CONVERTIBLE BONDS (continued)			Amount (000's)		Value(000	's)	MUNICIPAL BONDS (continued)			Amount (000's)	Value (000's)
	Oil & Gas Services - 0.01%							New York - 0.15%
	Hornbeck Offshore Services Inc							Metropolitan Transportation Authority
	1.50%, 09/01/2019(e)		$	70	$	87		7.13%, 11/15/2030		$	500	$	601
								New York City Water & Sewer System
	Pharmaceuticals - 0.06%							5.72%, 06/15/2042			500		626
	Mylan Inc/PA											$	1,227
	3.75%, 09/15/2015			145		337		Texas- 0.03	%
	Theravance Inc							North Texas Higher Education Authority
	2.13%, 01/15/2023			100		144		1.38%, 04/01/2040(h)			224		229
					$	481
	REITS- 0.61	%						TOTAL MUNICIPAL BONDS				$	3,403
	Annaly Capital Management Inc							SENIOR FLOATING RATE INTERESTS -			Principal
	5.00%, 05/15/2015(a)			100		102		2.57	%		Amount (000's)   Value (000's)
	DDR Corp							Advertising - 0.08%
	1.75%, 11/15/2040(a)			150		181		Acosta Inc, Term Loan D
	Digital Realty Trust LP							5.00%, 03/01/2018(h)		$	130	$	131
	5.50%, 04/15/2029(a),(e)			425		651		Getty Images Inc, Term Loan
	Health Care REIT Inc							4.75%, 10/03/2019(h)			229		230
	3.00%, 12/01/2029(a)			925		1,234		Visant Corp, Term Loan
	Host Hotels & Resorts LP							5.25%, 12/22/2016(h)			305		297
	2.50%, 10/15/2029(a),(e)			1,000		1,409						$	658
	SL Green Operating Partnership LP
	3.00%, 10/15/2017(a),(e)			1,250		1,510		Aerospace & Defense - 0.05%
					$	5,087		Sequa Corp, Term Loan
								5.25%, 05/29/2017(h)			125		126
	Semiconductors - 0.56%							Six3 Systems Inc, Term Loan
	Intel Corp							7.00%, 09/20/2019(h)			119		120
	2.95%, 12/15/2035			160		177		TASC Inc/VA, Term Loan
	3.25%, 08/01/2039			275		359		4.50%, 12/18/2015(h)			158		159
	Microchip Technology Inc											$	405
	2.13%, 12/15/2037(a)			1,175		1,682
	Micron Technology Inc							Agriculture - 0.05%
	1.88%, 08/01/2031			130		170		Arysta LifeScience Corp, Term Loan
	2.38%, 05/01/2032(e)			100		139		0.00%, 05/22/2020(h),(k)			215		216
	3.13%, 05/01/2032(e)			300		416		Pinnacle Operating Corp, Term Loan B
	Xilinx Inc							0.00%, 11/14/2018(h),(k)			169		170
	2.63%, 06/15/2017			190		284						$	386
	3.13%, 03/15/2037(a)			1,000		1,422
								Airlines - 0.00%
					$	4,649		US Airways Inc, Term Loan B1
	Software - 0.06%							0.00%, 05/21/2019(h),(k)			30		30
	NetSuite Inc
	0.25%, 06/01/2018(e),(j)			100		102
								Automobile Manufacturers - 0.02%
	Nuance Communications Inc							Navistar Inc, Term Loan B
	2.75%, 11/01/2031			285		295		5.75%, 08/16/2017(h)			175		178
	Salesforce.com Inc
	0.25%, 04/01/2018(e)			100		99
					$	496		Automobile Parts & Equipment - 0.05%
								TI Group Automotive Systems LLC, Term
	Telecommunications - 0.05%							Loan B
	Ciena Corp							5.50%, 03/27/2019(h)			395		398
	3.75%, 10/15/2018(e)			270		320
	Virgin Media Inc
	6.50%, 11/15/2016			50		132		Beverages - 0.00%
					$	452		DS Waters of America Inc, Term Loan
								10.50%, 08/25/2017(h)			35		35
	TOTAL CONVERTIBLE BONDS				$	40,928
				Principal
	MUNICIPAL BONDS - 0.41%			Amount (000's)		Value(000	's)	Building Materials - 0.01%
								CPG International Inc, Term Loan
	California - 0.16%							5.75%, 09/18/2019(h)			65		65
	Bay Area Toll Authority
	7.04%, 04/01/2050		$	500	$	693
	State of California							Chemicals - 0.08%
	7.70%, 11/01/2030			500		630		Ascend Performance Materials LLC, Term
					$	1,323		Loan B
								6.75%, 04/04/2018(h)			129		129
	Illinois - 0.07%							Kronos Worldwide Inc, Term Loan
	Chicago Transit Authority							7.00%, 06/11/2018(h)			64		64
	6.90%, 12/01/2040			500		624		Nexeo Solutions LLC, Term Loan
								5.00%, 09/08/2017(h)			134		134

See accompanying notes.

60

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
SENIOR FLOATING RATE INTERESTS				Principal			SENIOR FLOATING RATE INTERESTS			Principal
	(continued)			Amount (000's)		Value (000's)	(continued)			Amount (000's) Value (000's)
	Chemicals (continued)						Entertainment (continued)
	Taminco Global Chemical Corp, Term Loan						WMG Acquisition Corp, Delay-Draw Term
	B						Loan DD
	4.25%, 02/15/2019(h)		$	224	$	226	0.00%, 07/20/2020(h),(k)		$	52	$	52
	Tronox Pigments BV, Term Loan B						0.00%, 07/20/2020(h),(k)			8		8
	4.50%, 02/03/2018(h)			126		127	WMG Acquisition Corp, Term Loan B
				$		680	3.75%, 07/07/2020(h)			64		64
	Coal- 0.07	%								$		520
	Arch Coal Inc, Term Loan						Environmental Control - 0.03%
	5.75%, 05/14/2018(h)			134		136	Metal Services LLC, Term Loan
	Murray Energy Corp, Term Loan						7.75%, 05/30/2017(h)			269		272
	0.00%, 05/17/2019(h),(k)			15		15
	Patriot Coal Corp, DIP Term Loan
	9.25%, 12/09/2013(h)			461		452	Food- 0.26	%
							Dole Food Co Inc, Term Loan B
				$		603	3.75%, 04/25/2020(h)			115		115
	Commercial Services - 0.06%						HJ Heinz Co, Term Loan B2
	Harland Clarke Holdings Corp, Term Loan						0.00%, 03/27/2020(h),(k)			300		303
	B2						0.00%, 03/27/2020(h),(k)			400		403
	5.44%, 06/30/2017(h)			336		331	New HB Acquisition LLC, Term Loan B
	KAR Auction Services Inc, Term Loan						6.75%, 03/12/2020(h)			260		267
	3.75%, 05/19/2017(h)			200		203	Sprouts Farmers Markets Holdings LLC, Term
				$		534	Loan
							4.50%, 04/12/2020(h)			320		320
	Computers - 0.02%						Supervalu Inc, Term Loan
	SunGard Data Systems Inc, Term Loan E						0.00%, 03/21/2019(h),(k)			462		460
	4.00%, 03/07/2020(h)			155		157
							US Foods Inc, Term Loan
							0.00%, 05/31/2019(h),(k)			275		274
	Distribution & Wholesale - 0.04%									$		2,142
	American Builders & Contractors Supply Co						Food Service - 0.02%
	Inc, Term Loan B						Brasa Inc, Term Loan
	3.50%, 04/05/2020(h)			275		276
							11.00%, 01/18/2020(h)			130		130
	Spin Holdco Inc, Term Loan
	4.25%, 11/08/2019(h)			90		90
				$		366	Healthcare - Services - 0.07%
							Apria Healthcare Group Inc, Term Loan
	Diversified Financial Services - 0.10%						6.75%, 04/01/2020(h)			370		372
	Duff & Phelps LLC, Term Loan						DaVita HealthCare Partners Inc, Term Loan
	4.50%, 03/12/2020(h)			180		181
							B2
	Flying Fortress Inc, Term Loan						4.00%, 08/21/2019(h)			100		101
	3.50%, 06/30/2017(h)			177		178
							United Surgical Partners International Inc,
	Nuveen Investments Inc, Term Loan B						Term Loan B
	4.19%, 05/13/2017(h)			135		136	4.75%, 03/19/2019(h)			80		81
	Springleaf Financial Funding Co, Term Loan									$		554
	NEW
	5.50%, 05/28/2017(h)			338		339	Home Furnishings - 0.02%
				$		834	Tempur-Pedic International Inc, Term Loan B
							3.50%, 12/31/2019(h)			168		168
	Electric - 0.10%
	Calpine Construction Finance Company LP,
	Term Loan B1						Housewares - 0.02%
	0.00%, 04/24/2020(h),(k)			265		263	Wilsonart International Holding LLC, Term
	Dynegy Inc, Term Loan B2						Loan B
	4.00%, 04/16/2020(h)			175		175	4.00%, 10/24/2019(h)			175		175
	NRG Energy Inc, Term Loan B
	0.00%, 07/01/2018(h),(k)			380		378
							Insurance - 0.04%
				$		816	AmWINS Group Inc, Term Loan
							5.00%, 02/20/2020(h)			195		197
	Electrical Components & Equipment - 0.02%
	Generac Power Systems Inc, Term Loan B						Asurion LLC, Term Loan B1
	0.00%, 06/22/2018(h),(k)			195		195	4.50%, 05/24/2019(h)			105		105
										$		302
	Electronics - 0.01%						Internet - 0.02%
	Sensus USA Inc, Term Loan						Zayo Group LLC, Term Loan
	8.50%, 05/09/2018(h)			80		80	4.50%, 06/15/2019(h)			164		165
	Entertainment - 0.06%						Iron & Steel - 0.06%
	Kasima LLC, Term Loan						Essar Steel Algoma Inc, Term Loan
	3.25%, 05/17/2021(h)			395		396	8.75%, 09/18/2014(h)			359		363

See accompanying notes.

61

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
	SENIOR FLOATING RATE INTERESTS		Principal				SENIOR FLOATING RATE INTERESTS	Principal
	(continued)		Amount (000's)			Value (000's)	(continued)	Amount (000's)		Value (000's)
	Iron & Steel (continued)						Packaging & Containers - 0.06%
	Tube City IMS Corp, Term Loan						Berlin Packaging LLC, Term Loan
	4.75%, 03/19/2019(h)		$	95	$	96	4.75%, 03/28/2020(h)	$	260	$	263
				$		459	FleetPride Corp, Term Loan
							5.25%, 11/15/2019(h)		100		100
	Leisure Products & Services - 0.04%						Pact Group Inc, Term Loan
	SRAM LLC, Term Loan						0.00%, 05/22/2020(h),(k)		145		145
	4.00%, 06/07/2018(h)			352		352
									$		508
							Pharmaceuticals - 0.04%
	Lodging - 0.07%						Quintiles Transnational Corp, Term Loan B2
	MGM Resorts International, Term Loan B						4.50%, 06/08/2018(h)		299		302
	0.00%, 12/13/2019(h),(k)			549		550
	Seminole Hard Rock Entertainment Inc, Term
	Loan B						Pipelines - 0.03%
	3.50%, 05/08/2020(h)			75		75	NGPL PipeCo LLC, Term Loan
				$		625	6.75%, 05/04/2017(h)		256		258
	Machinery - Diversified - 0.04%
	Edwards Cayman Islands II Ltd, Term Loan						Private Equity - 0.02%
	4.75%, 03/21/2020(h)			365		367	HarbourVest Partners LLC, Term Loan
							4.75%, 11/20/2017(h)		145		146
	Media- 0.14	%
	Charter Communications Operating LLC,						Retail - 0.07%
	Term Loan E						JC Penney Corp Inc, Term Loan
	0.00%, 04/10/2020(h),(k)			295		293	6.00%, 05/21/2018(h)		395		400
	Charter Communications Operating LLC,						Serta Simmons Holdings LLC, Term Loan
	Term Loan F						5.00%, 09/19/2019(h)		200		201
	3.00%, 01/19/2021(h)			190		189			$		601
	CSC Holdings LLC, Term Loan B
	2.69%, 04/15/2020(h)			255		254	Software - 0.22%
							Applied Systems Inc, Term Loan
	Virgin Media Investment Holdings Ltd, Term						8.25%, 06/08/2017(h)		70		71
	Loan B
	0.00%, 02/15/2020(h),(k)			320		320	Blackboard Inc, Term Loan B2
							6.25%, 10/04/2018(h)		380		386
	WideOpenWest Finance LLC, Term Loan B2
	4.75%, 03/26/2019(h)			145		146	Deltek Inc, Term Loan B
							5.00%, 10/04/2018(h)		75		75
				$		1,202	Rocket Software Inc, Term Loan
	Metal Fabrication & Hardware - 0.04%						10.25%, 02/08/2019(h)		150		149
	Ameriforge Group Inc, Term Loan						SS&C Technologies Holdings Europe SARL,
	5.00%, 01/22/2020(h)			110		111	Delay-Draw Term Loan B2-DD
	Doncasters US Finance LLC, Term Loan B						5.00%, 05/23/2019(h)		75		75
	5.50%, 04/05/2020(h)			185		186	SS&C Technologies Inc, Delay-Draw Term
	Transtar Holding Company, Term Loan						Loan B1-DD
	5.50%, 10/02/2018(h)			45		45	5.00%, 05/23/2019(h)		722		726
				$		342	TriZetto Group Inc/The, Term Loan
							8.50%, 03/27/2019(h)		55		55
	Mining - 0.10%						TriZetto Group Inc/The, Term Loan B
	Fairmount Minerals Ltd, Term Loan B						4.75%, 05/02/2018(h)		272		273
	5.25%, 03/15/2017(h)			276		277
							Verint Systems Inc, Term Loan B
	FMG Resources August 2006 Pty Ltd, Term						4.00%, 08/14/2019(h)		50		50
	Loan								$		1,860
	5.25%, 10/12/2017(h)			562		565
				$		842	Telecommunications - 0.28%
							Alcatel-Lucent USA Inc, Term Loan C
	Oil & Gas - 0.03%						7.25%, 01/29/2019(h)		552		557
	Pacific Drilling SA, Term Loan						Alcatel-Lucent USA Inc, Term Loan D
	0.00%, 05/18/2018(h),(k)			200		201	7.50%, 01/29/2019(h)	EUR	554		728
	Power Buyer LLC, Delay-Draw Term Loan						Integra Telecom Holdings Inc, Term Loan
	DD						6.00%, 02/19/2019(h)	$	70		71
	0.00%, 05/06/2020(h),(k)			10		10
							Level 3 Financing Inc, Term Loan B
	Power Buyer LLC, Term Loan B						5.25%, 08/01/2019(h)		160		162
	4.25%, 05/06/2020(h)			65		65
							Level 3 Financing Inc, Term Loan BII
				$		276	4.75%, 08/01/2019(h)		290		292
	Oil & Gas Services - 0.03%						LTS Buyer LLC, Term Loan B
							4.50%, 04/01/2020(h)		260		262
	Pinnacle Holdco Sarl, Term Loan
	10.50%, 07/24/2020(h)			115		117	Securus Technologies Holdings Inc, Term
	Preferred Proppants LLC, Term Loan B						Loan
	9.00%, 12/15/2016(h)			104		100	4.75%, 04/17/2020(h)		235		235
				$		217			$		2,307
							TOTAL SENIOR FLOATING RATE INTERESTS		$		21,512

See accompanying notes.

62

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
U.S. GOVERNMENT & GOVERNMENT			Principal						Maturity
AGENCY OBLIGATIONS - 8.35%		Amount (000's)			Value(000	's)	REPURCHASE AGREEMENTS - 1.52%		Amount (000's)		Value (000's)
Federal Home Loan Mortgage Corporation (FHLMC) - 0.13%
							Banks - 1.52%
							Barclays Capital Repurchase Agreement;		$	5,500	$	5,500
4.50%, 05/01/2039		$	468	$	497			0.07% dated 05/31/2013 maturing
4.50%, 11/01/2039			579		614			06/03/2013 (collateralized by US
				$	1,111			Government Security; $5,527,883; 2.38%;
Federal National Mortgage Association (FNMA) - 1.90%								dated 01/15/25)
2.50%, 01/01/2043			3,988		3,834		Investment in Joint Trading Account; Credit			1,165		1,165
3.00%, 12/01/2026			1,686		1,755			Suisse Repurchase Agreement; 0.06%
3.00%, 12/01/2042			4,000		4,021			dated 05/31/2013 maturing 06/03/2013
3.00%, 07/01/2043(l)			1,000		1,001			(collateralized by US Government
3.50%, 11/01/2025			1,150		1,210			Securities; $1,188,334; 4.25% - 6.13%;
3.50%, 02/01/2026			403		424			dated 11/15/27 - 11/15/39)
3.50%, 04/01/2026			604		635		Investment in Joint Trading Account; Deutsche			2,913		2,913
4.00%, 06/01/2028(l)			1,000		1,062			Bank Repurchase Agreement; 0.07% dated
4.00%, 12/01/2039			1,146		1,209			05/31/2013 maturing 06/03/2013
5.00%, 05/01/2039			429		469			(collateralized by US Government
5.00%, 06/01/2041			242		266			Securities; $2,970,835; 0.00% - 7.25%;
				$	15,886			dated 06/07/13 - 05/15/30)
Government National Mortgage Association (GNMA) - 1.10%							Investment in Joint Trading Account; JP			1,799		1,799
								Morgan Repurchase Agreement; 0.07%
3.00%, 06/01/2043(l)			9,000		9,163			dated 05/31/2013 maturing 06/03/2013
								(collateralized by US Government
								Securities; $1,834,928; 0.00% - 10.35%;
U.S. Treasury - 3.55%								dated 06/03/13 - 11/23/35)
0.25%, 05/31/2014			400		400		Investment in Joint Trading Account; Merrill			1,371		1,370
1.00%, 06/30/2019			200		196			Lynch Repurchase Agreement; 0.05%
1.00%, 09/30/2019			100		98			dated 05/31/2013 maturing 06/03/2013
1.25%, 04/15/2014			2,300		2,322			(collateralized by US Government
1.38%, 02/28/2019			500		504			Securities; $1,398,040; 0.13% - 5.38%;
1.63%, 08/15/2022			1,700		1,640			dated 04/30/15 - 02/15/31)
1.63%, 11/15/2022			4,400		4,224					$		12,747
1.75%, 05/15/2022			2,300		2,254		TOTAL REPURCHASE AGREEMENTS			$		12,747
1.75%, 05/15/2023			1,200		1,156		Total Investments			$		820,758
2.00%, 11/15/2021			3,800		3,833		Other Assets in Excess of Liabilities, Net - 1.90%			$		15,911
2.00%, 02/15/2022			1,300		1,306
2.13%, 08/15/2021(m)			9,300		9,508		TOTAL NET ASSETS - 100.00%			$		836,669
2.63%, 11/15/2020			900		961
2.75%, 11/15/2042(m),(n)			1,100		985
7.50%, 11/15/2024(m),(n)			200		305		(a)	Security or a portion of the security was pledged as collateral for short
								sales. At the end of the period, the value of these securities totaled
				$	29,692			$121,115 or 14.48% of net assets.
U.S. Treasury Bill - 0.94%							(b)	Non-Income Producing Security
0.03%, 08/15/2013(o)			4,600		4,600		(c)	Security or a portion of the security was pledged to cover margin
0.11%, 09/19/2013(n),(o)			505		505			requirements for options contracts. At the end of the period, the value of
0.14%, 05/29/2014(o)			2,800		2,796			these securities totaled $10,106 or 1.21% of net assets.
				$	7,901		(d)	Fair value of these investments is determined in good faith by the
								Manager under procedures established and periodically reviewed by the
U.S. Treasury Inflation-Indexed Obligations - 0.73%								Board of Directors. At the end of the period, the fair value of these
0.13%, 01/15/2023			504		513			securities totaled $5,329 or 0.64% of net assets.
0.63%, 07/15/2021(m),(n)			4,441		4,812		(e)	Security exempt from registration under Rule 144A of the Securities Act of
0.75%, 02/15/2042			824		781			1933. These securities may be resold in transactions exempt from
				$	6,106			registration, normally to qualified institutional buyers. Unless otherwise
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY								indicated, these securities are not considered illiquid. At the end of the
OBLIGATIONS				$	69,859			period, the value of these securities totaled $78,680 or 9.40% of net
TOTAL PURCHASED OPTIONS - 0.38%				$	3,168			assets.
TOTAL PURCHASED INTEREST RATE SWAPTIONS -							(f)	Security is Illiquid
0.00	%			$	2		(g)	Restricted Security. At the end of the period, the value of this security
TOTAL PURCHASED CREDIT DEFAULT SWAPTIONS -								totaled $43 or 0.01% of net assets. The security was purchased
0.00	%			$	12			September26, 2012 at a cost of $33.
			Principal				(h)	Variable Rate. Rate shown is in effect at May 31, 2013.
COMMERCIAL PAPER - 0.04%		Amount (000's)			Value(000	's)	(i)	Payment in kind; the issuer has the option of paying additional securities
								in lieu of cash.
Diversified Financial Services - 0.04%							(j)	Security purchased on a when-issued basis.
Ford Motor Credit Co							(k)	This Senior Floating Rate Note will settle after May 31, 2013, at which
1.10%, 10/04/2013			200		199			time the interest rate will be determined.
1.21%, 07/09/2013			100		100		(l)	Security was purchased in a "to-be-announced" ("TBA") transaction. See
				$	299			Notes to Financial Statements for additional information.
TOTAL COMMERCIAL PAPER				$	299		(m)	Security or a portion of the security was pledged to cover margin
								requirements for swap and/or swaption contracts. At the end of the period,
								the value of these securities totaled $846 or 0.10% of net assets.

See accompanying notes.

63

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
(n)	Security or a portion of the security was pledged to cover margin
	requirements for futures contracts. At the end of the period, the value of
	these securities totaled $653 or 0.08% of net assets.
(o)	Rate shown is the discount rate of the original purchase.
Portfolio Summary (unaudited)
Sector				Percent
Financial				16 .64	%
Consumer, Non-cyclical				13 .66	%
Government				10 .36	%
Consumer, Cyclical				10 .11	%
Communications				9.29	%
Industrial				9.11	%
Energy				7.79	%
Technology				7.41	%
Mortgage Securities				5.89	%
Basic Materials				4.03	%
Utilities				1.52	%
Asset Backed Securities				1.29	%
Purchased Options				0.38	%
Revenue Bonds				0.33	%
Diversified				0.21	%
General Obligation Unlimited				0.08	%
Purchased Credit Default Swaptions				0.00	%
Purchased Interest Rate Swaptions				0.00	%
Investments Sold Short				(31.55	)%
Other Assets in Excess of Liabilities, Net				33 .45	%
TOTAL NET ASSETS				100.00	%
Credit Default Swaps
Buy Protection
Counterparty (Issuer)			Reference Entity	(Pay)/ Receive Fixed Rate		Expiration Date	Notional Amount		Fair Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Bank of America NA			ABX.HE.AAA.06-2 BP	(0.11	)%	05/25/2046	$	93	$	25	$	37	$	(12	)
Bank of America NA			Australia & New Zealand Banking	(1.00	)%	06/20/2018		100		(1	)	(1	)	—
			Group; 3.75%; 03/10/2017
Bank of America NA			Carnival Corp; 6.65%; 01/15/2028	(1.00	)%	09/20/2017		100		(1	)	1		(2	)
Bank of America NA			Costco Wholesale Corp; 5.50%;	(1.00	)%	03/20/2017		200		(6	)	(4	)	(2	)
			03/15/2017
Bank of America NA			DDR Corp; 7.50%; 07/15/2018	(1.00	)%	09/20/2017		200		—		8		(8	)
Bank of America NA			iTraxx Japan 16 5 Year	(1.00	)%	12/20/2016	JPY	10,000		(1	)	4		(5	)
Bank of America NA			Kimco Realty Corp; 4.82%; 06/01/2014	(1.00	)%	09/20/2017	$	100		(2	)	1		(3	)
Bank of America NA			Limited Brands; 6.90%; 07/15/2017	(1.00	)%	03/20/2017		200		2		8		(6	)
Bank of America NA			Macy's Retail Holdings Inc; 7.45%;	(1.00	)%	06/20/2017		100		(2	)	—		(2	)
			07/15/2017
Bank of America NA			Macy's Retail Holdings Inc; 7.45%;	(1.00	)%	03/20/2017		700		(13	)	3		(16	)
			07/15/2017
Bank of America NA			Marriott International Inc; 5.81%;	(1.00	)%	12/20/2017		100		(2	)	—		(2	)
			11/10/2015
Bank of America NA			Marriott International Inc; 5.81%;	(1.00	)%	06/20/2017		200		(4	)	(1	)	(3	)
			11/10/2015
Bank of America NA			Marriott International Inc; 5.81%;	(1.00	)%	03/20/2017		400		(8	)	(1	)	(7	)
			11/10/2015
Bank of America NA			Nordstrom Inc; 6.95%; 03/15/2028	(1.00	)%	12/20/2017		100		(2	)	(1	)	(1	)
Bank of America NA			Standard Chartered Bank	(1.00	)%	06/20/2017	EUR	100		—		3		(3	)
Bank of America NA			Target Corp; 5.38%; 05/01/2017	(1.00	)%	06/20/2017	$	100		(3	)	(2	)	(1	)
Bank of America NA			Target Corp; 5.38%; 05/01/2017	(1.00	)%	03/20/2017		200		(6	)	(4	)	(2	)
Bank of America NA			Target Corp; 5.38%; 05/01/2017	(1.00	)%	09/20/2017		200		(6	)	(5	)	(1	)
Bank of America NA			Target Corp; 5.38%; 05/01/2017	(1.00	)%	03/20/2017		300		(9	)	(5	)	(4	)
Bank of America NA		Wal	-Mart Stores Inc; 5.88%;	(1.00	)%	06/20/2017		200		(6	)	(5	)	(1	)
			04/05/2027
Barclays Bank PLC			ABX.HE.AAA.07-1 BP	(0.09	)%	08/25/2037		89		39		45		(6	)
Barclays Bank PLC			BNP Paribas; 4.25%; 01/16/2014	(1.00	)%	06/20/2017	EUR	100		—		8		(8	)
Barclays Bank PLC			EI Du Pont de Nemours; 5.25%;	(1.00	)%	03/20/2018	$	100		(4	)	(3	)	(1	)
			12/15/2016
Barclays Bank PLC			Lockheed Martin Corp; 7.65%;	(1.00	)%	03/20/2018		100		(2	)	(1	)	(1	)
			05/01/2016
Barclays Bank PLC			Nordstrom Inc; 6.95%; 03/15/2028	(1.00	)%	12/20/2017		100		(3	)	(1	)	(2	)
Barclays Bank PLC			Qwest; 7.20%; 11/10/2026	(1.00	)%	03/20/2018		100		—		—		—
Barclays Bank PLC			Raytheon Co; 7.20%; 08/15/2027	(1.00	)%	03/20/2018		100		(3	)	(3	)	—

See accompanying notes.

64

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Credit Default Swaps (continued)
Buy Protection (continued)
Counterparty (Issuer)	Reference Entity	(Pay)/ Receive Fixed Rate		Expiration Date	Notional Amount			Fair Value	Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC	Yum Brands Inc; 6.25%; 03/15/2018	(1.00	)%	12/20/2017	$	100	$	(2	) $	(2	) $	—
BNP Paribas	Carnival Corp; 6.65%; 01/15/2028	(1.00	)%	09/20/2017		300		(4	)	(1	)	(3	)
BNP Paribas	DJ ITRAXX19SEN2	(1.00	)%	06/20/2018	EUR	300		8		7		1
BNP Paribas	Lockheed Martin Corp; 7.65%;	(1.00	)%	09/20/2017	$	200		(5	)	(3	)	(2	)
	05/01/2016
BNP Paribas	Newell Rubbermaid Inc; 6.25%;	(1.00	)%	06/20/2018		100		(2	)	(2	)	—
	04/15/2018
BNP Paribas	UPS;8.38%; 04/01/2030	(1.00	)%	09/20/2017		200		(7	)	(6	)	(1	)
Citigroup Inc	Brazilian Government International	(1.00	)%	06/20/2018		5,000		112		34		78
	Bond;12.25%; 03/06/2030
Citigroup Inc	CDX.IG.19	(1.00	)%	12/20/2017		1,600		(22	)	(8	)	(14	)
Citigroup Inc	CDX.IG.19	(1.00	)%	12/20/2017		1,100		(15	)	(5	)	(10	)
Citigroup Inc	ITRAX.EURCR	(5.00	)%	06/20/2018	EUR	5,000		(210	)	(306	)	96
Citigroup Inc	ITRAXX.ASIA	(1.00	)%	06/20/2018	$	5,000		30		20		10
Citigroup Inc	ITRAXX.SOVX	(1.00	)%	06/20/2018		5,000		184		210		(26	)
Citigroup Inc	ITRX.CEEMEA	(1.00	)%	06/20/2018		5,000		324		291		33
Citigroup Inc	South Africa Government International	(1.00	)%	03/20/2018		800		31		19		12
	Bond;6.50%; 06/02/2014
Credit Suisse	CDX.19.IG.1	(1.00	)%	12/20/2017		1,200		(17	)	(11	)	(6	)
Credit Suisse	CDX.20.HY.5	(5.00	)%	06/20/2018		1,500		(75	)	(102	)	27
Credit Suisse	CDX.20.HY.5	(5.00	)%	06/20/2018		4,350		(217	)	(132	)	(85	)
Credit Suisse	CDX.20.HY.5	(5.00	)%	06/20/2018		800		(40	)	(24	)	(16	)
Credit Suisse	CDX.20.HY.5	(5.00	)%	06/20/2018		1,200		(60	)	(35	)	(25	)
Credit Suisse	CDX.20.HY.5	(5.00	)%	06/20/2018		700		(35	)	(35	)	—
Credit Suisse	CDX. IG.19	(1.00	)%	12/20/2017		900		(13	)	(4	)	(9	)
Credit Suisse	Ericsson LM Telefon AB; 5.38%;	(1.00	)%	09/20/2017	EUR	100		(2	)	3		(5	)
	06/27/2017
Credit Suisse	Ericsson LM Telefon AB; 5.38%;	(1.00	)%	03/20/2018		100		(1	)	2		(3	)
	06/27/2017
Credit Suisse	Freescale Semiconductor Inc; 8.05%;	(5.00	)%	03/20/2018	$	550		(3	)	27		(30	)
	02/01/2020
Credit Suisse	Freescale Semiconductor Inc; 8.05%;	(5.00	)%	03/20/2018		750		(4	)	36		(40	)
	02/01/2020
Credit Suisse	General Mills Inc; 5.7%; 02/15/2017	(1.00	)%	06/20/2018		1,400		(46	)	(36	)	(10	)
Credit Suisse	HJ Heinz Co; 6.375%; 07/15/2028	(1.00	)%	03/20/2018		1,300		22		41		(19	)
Credit Suisse	ITRX.18.EUR	(5.00	)%	12/20/2017	EUR	100		(18	)	(17	)	(1	)
Credit Suisse	ITRX.EUR.S	(5.00	)%	12/20/2017		600		(103	)	(57	)	(46	)
Credit Suisse	Lockheed Martin Corp; 7.65%;	(1.00	)%	09/20/2017	$	100		(2	)	(1	)	(1	)
	05/01/2016
Credit Suisse	McDonalds Corp; 5.80%; 10/15/2017	(1.00	)%	09/20/2017		100		(4	)	(3	)	(1	)
Credit Suisse	Nordstrom Inc; 6.95%; 03/15/2028	(1.00	)%	12/20/2017		200		(4	)	(1	)	(3	)
Credit Suisse	Westvaco Corp; 7.95%; 02/15/2031	(1.00	)%	12/20/2017		1,150		(4	)	11		(15	)
Credit Suisse	Whirlpool Corp; 7.75%; 07/15/2016	(1.00	)%	12/20/2017		800		(8	)	14		(22	)
Deutsche Bank AG	Aramark Corp; 8.50%; 02/01/2015	(5.00	)%	03/20/2018		350		(39	)	(33	)	(6	)
Deutsche Bank AG	Aramark Corp; 8.50%; 02/01/2015	(5.00	)%	03/20/2018		650		(71	)	(63	)	(8	)
Deutsche Bank AG	Aramark Corp; 8.50%; 02/01/2015	(5.00	)%	03/20/2018		325		(36	)	(31	)	(5	)
Deutsche Bank AG	Arrow Electronics Inc; 6.88%;	(1.00	)%	03/20/2017		100		(1	)	—		(1	)
	06/01/2018
Deutsche Bank AG	BNP Paribas; 4.25%; 01/16/2014	(1.00	)%	03/20/2018	EUR	100		2		2		—
Deutsche Bank AG	BNP Paribas; 4.25%; 01/16/2014	(1.00	)%	03/20/2017		200		—		7		(7	)
Deutsche Bank AG	Boston Scientific Corp; 6.4%;	(1.00	)%	09/20/2017	$	1,100		(17	)	14		(31	)
	06/15/2016
Deutsche Bank AG	CDX.20.HY.5	(5.00	)%	06/20/2018		1,200		(60	)	(75	)	15
Deutsche Bank AG	Dell Inc; 7.1%; 04/15/2028	(1.00	)%	03/20/2018		1,250		105		166		(61	)
Deutsche Bank AG	DJ ITRAXX17SEN2	(1.00	)%	06/20/2017	EUR	300		7		12		(5	)
Deutsche Bank AG	DJ ITRAXX19SEN2	(1.00	)%	06/20/2018		200		6		5		1
Deutsche Bank AG	Home Depot Inc; 5.88%; 12/16/2036	(1.00	)%	06/20/2017	$	100		(3	)	(2	)	(1	)
Deutsche Bank AG	Honeywell International; 5.70%;	(1.00	)%	09/20/2017		100		(4	)	(3	)	(1	)
	03/15/2036
Deutsche Bank AG	Northrop Grumman Corp; 7.75%;	(1.00	)%	09/20/2017		100		(3	)	(2	)	(1	)
	02/15/2031
Deutsche Bank AG	Starwood Hotels; 6.75%; 05/15/2018	(1.00	)%	03/20/2017		100		(2	)	—		(2	)
Goldman Sachs & Co	ABX.HE.AAA.07-1 BP	(0.09	)%	08/25/2037		89		39		45		(6	)
Goldman Sachs & Co	Carnival Corp; 6.65%; 01/15/2028	(1.00	)%	03/20/2018		100		(1	)	(1	)	—
Goldman Sachs & Co	Cox Communications Inc; 6.80%;	(1.00	)%	09/20/2017		100		(3	)	(2	)	(1	)
	08/01/2028
Goldman Sachs & Co	Home Depot Inc; 5.88%; 12/16/2036	(1.00	)%	12/20/2016		100		(2	)	(1	)	(1	)

See accompanying notes.

65

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Credit Default Swaps (continued)
Buy Protection (continued)
Counterparty (Issuer)	Reference Entity		(Pay)/ Receive Fixed Rate			Expiration Date	Notional Amount		Fair Value				Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Goldman Sachs & Co	Macy's Retail Holdings Inc; 7.45%;			(1.00	)%	06/20/2017	$	100	$	(2)			$	—		$	(2	)
	07/15/2017
Goldman Sachs & Co	Marriott International Inc; 5.81%;			(1.00	)%	09/20/2017		100		(2	)			1			(3	)
	11/10/2015
Goldman Sachs & Co	McDonalds Corp; 5.80%; 10/15/2017			(1.00	)%	09/20/2017		100		(4	)			(3	)		(1	)
Goldman Sachs & Co	Newell Rubbermaid Inc; 6.25%;			(1.00	)%	03/20/2018		100		(2	)			(1	)		(1	)
	04/15/2018
Goldman Sachs & Co	Newell Rubbermaid Inc; 6.25%;			(1.00	)%	09/20/2017		100		(2	)			—			(2	)
	04/15/2018
Goldman Sachs & Co	Stanley Works; 4.90%; 11/01/2012			(1.00	)%	09/20/2017		100		(2	)			(1	)		(1	)
Goldman Sachs & Co	Target Corp; 5.38%; 05/01/2017			(1.00	)%	03/20/2018		100		(3	)			(3	)		—
JP Morgan Chase	BNP Paribas; 4.25%; 01/16/2014			(1.00	)%	06/20/2017	EUR	100		—				8			(8	)
JP Morgan Chase	China Government International Bond;			(1.00	)%	06/20/2018	$	4,500		(32	)			(46	)		14
	4.25%; 10/28/2014
JP Morgan Chase	DJ ITRAXX16SEN2			(1.00	)%	12/20/2016	EUR	200		4				8			(4	)
JP Morgan Chase	Lockheed Martin Corp; 7.65%;			(1.00	)%	06/20/2017	$	100		(2	)			(1	)		(1	)
	05/01/2016
JP Morgan Chase	Mexico Government International			(1.00	)%	06/20/2018		4,000		4				(14	)		18
	Bond;5.95%; 03/19/2019
JP Morgan Chase	Northrop Grumman Corp; 7.75%;			(1.00	)%	06/20/2017		100		(2	)			(2	)		—
	02/15/2031
JP Morgan Chase	Raytheon Co; 7.20%; 08/15/2027			(1.00	)%	06/20/2017		100		(2	)			(2	)		—
JP Morgan Chase	Turkey Government International			(1.00	)%	06/20/2018		3,500		51				42			9
	Bond;11.875%; 01/15/2030
Merrill Lynch	Bank of Scotland PLC; 0.50%;			(1.00	)%	06/20/2017	EUR	600		(14	)			24			(38	)
	05/10/2013
Merrill Lynch	CDX.19.IG			(1.00	)%	12/20/2017	$	975		(13	)			(7	)		(6	)
Merrill Lynch	CDX. IG.19			(1.00	)%	12/20/2017		350		(5	)			(2	)		(3	)
Merrill Lynch	Dell Inc; 7.1%; 04/15/2028			(1.00	)%	03/20/2018		775		66				79			(13	)
Merrill Lynch	Dell Inc; 7.10%; 04/15/2028			(1.00	)%	03/20/2018		475		40				47			(7	)
Merrill Lynch	Electricite de France SA; 5.63%;			(1.00	)%	12/20/2017	EUR	750		(15	)			2			(17	)
	02/21/2033
Merrill Lynch	ITRX.18.EUR			(5.00	)%	12/20/2017		400		(69	)			(62	)		(7	)
Merrill Lynch	ITRX.18.EUR			(5.00	)%	12/20/2017		475		(82	)			(50	)		(32	)
Merrill Lynch	ITRX.EUR.S			(5.00	)%	06/20/2018		1,000		(176	)			(147	)		(29	)
Merrill Lynch	ITRX.EUR.XOV			(5.00	)%	12/20/2017		500		(35	)			11			(46	)
Merrill Lynch	South Africa Government International			(1.00	)%	06/20/2018	$	500		22				19			3
	Bond;6.5%; 06/02/2014
Merrill Lynch	Textron Financial Corp; 5.13%;			(1.00	)%	03/20/2017		700		(20	)			(16	)		(4	)
	08/15/2014
Merrill Lynch	Westvaco Corp; 7.95%; 02/15/2031			(1.00	)%	09/20/2017		200		(2	)			2			(4	)
UBS AG	DJ ITRAXX9EU 10YR Tranche 22-			(0.25	)%	06/20/2018	EUR	1,800		21				12			9
	100
UBS AG	Marriott International Inc; 5.81%;			(1.00	)%	03/20/2017	$	100		(2	)			—			(2	)
	11/10/2015
UBS AG	Union Pacific Corp; 6.63%; 02/01/2029			(1.00	)%	09/20/2017		100		(3	)			(2	)		(1	)
Total									$	(596			) $	(61	)	$	(535	)
Sell Protection
Counterparty (Issuer)	, Reference Entity	Implied Credit Spread as of May 31 2013(c)		(Pay)/ Receive Fixed Rate		Expiration Date	Notional Amount (a)		Fair Value (b)			Upfront Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)
Citigroup Inc	JC Penney Corp Inc;	4.49	%	5.00	%	06/20/2015	$	725	$	8		$		(26	)	$	34
	6.375%; 10/15/2036
Credit Suisse	Boyd Gaming Corp;	5.70	%	5.00	%	03/20/2018		650		(19	)			(82	)		63
	7.13%; 02/01/2016
Credit Suisse	Boyd Gaming Corp;	5.70	%	5.00	%	03/20/2018		525		(16	)			(66	)		50
	7.13%; 02/01/2016
Credit Suisse	Clear Channel	6.67	%	5.00	%	03/20/2015		700		(20	)			(38	)		18
	Communications Inc;
	6.875%; 06/15/2018
Credit Suisse	Energy Future	13.29	%	5.00	%	06/20/2015		750		(94	)			(73	)		(21	)
	Intermediate Holding Co
	LLC / EFIH Finance Inc;
	11.25%; 12/01/2018

See accompanying notes.

66

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Credit Default Swaps (continued)
Sell Protection (continued)
Counterparty (Issuer)	Reference Entity	Implied Credit Spread as of May 31, 2013(c)		(Pay)/ Receive Fixed Rate		Expiration Date	Notional Amount (a)		Fair Value (b)		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Credit Suisse	Energy Future	12.25	%	5.00	%	06/20/2018	$	750	$	(80	) $	(78	)	$	(2	)
	Intermediate Holding Co
	LLC / EFIH Finance Inc;
	11.25%; 12/01/2018
Total									$	(221	) $	(363	)	$	142
Amounts in thousands
Exchange Cleared Credit Default Swaps
Buy Protection
	Reference Entity		(Pay)/ Receive Fixed Rate			Expiration Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
	CDX.HY.17.5Y			(5.00	)%	12/20/2016	$	48	$	(3	) $				(1	)
	CDX. IG.17.5Y			(1.00	)%	12/20/2016		200		(3	)				(3	)
	CDX.NA.HY.19			(5.00	)%	12/20/2017		350		(21	)				(22	)
	DJ ITRAXX17EU2			(1.00	)%	06/20/2017	EUR	10,000		(63	)				(68	)
	DJ ITRAXX17XOV2			(5.00	)%	06/20/2017		300		(27	)				(2	)
	DJ ITRAXX18EU2			(1.00	)%	12/20/2017		600		(2	)				(5	)
	DJ ITRAXX18XOV2			(5.00	)%	12/20/2017		200		(14	)				(5	)
	DJ ITRAXX19EU2			(1.00	)%	06/20/2018		800		1					(9	)
Total									$	(132	) $				(115	)
Sell Protection
	Reference Entity	Implied Credit Spread as of May 31, 2013(c)		(Pay)/ Receive Fixed Rate		Expiration Date	Notional Amount (a)		Fair Value (b)			Unrealized Appreciation/ (Depreciation)
	CDX.NA.HY.20 5yr	N/A		5.00	%	06/20/2018	$	925	$	44	$				14
	CDX.NA.HY.20 5yr	N/A		5.00	%	06/20/2018		275		13					5
	CDX.NA.HY.20 5yr	N/A		5.00	%	06/20/2018		2,000		96					27
Total									$	153	$				46
Amounts in thousands

(a) The maximum potential payment amount that the seller of credit protection could be required to make if a credit event occurs as defined under the terms of that particular swap agreement.

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

(c) Implied credit spreads, represented in absolute terms, used in determining the market value of credit default swap agreements on corporate issues or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

		Foreign Currency Contracts
Foreign Currency Purchase Contracts	Counterparty	Delivery Date	Contracts to Accept	In Exchange For		Fair Value		Net Unrealized Appreciation/(Depreciation)
Australian Dollar	Royal Bank of Scotland PLC	06/19/2013	13,829,000	$	14,224	$	13,218	$	(1,006	)
Brazilian Real	Bank of America NA	02/18/2014	89,477		43		40		(3	)
Brazilian Real	Credit Suisse	06/04/2013	2,932,055		1,480		1,369		(111	)
Brazilian Real	Credit Suisse	06/17/2013	850,000		414		396		(18	)
Brazilian Real	Royal Bank of Scotland PLC	06/19/2013	4,050,000		2,031		1,885		(146	)
Brazilian Real	UBS AG	08/02/2013	150,915		75		70		(5	)
British Pound Sterling	Credit Suisse	06/21/2013	980,000		1,490		1,489		(1	)
British Pound Sterling	Deutsche Bank AG	06/12/2013	180,000		273		274		1
British Pound Sterling	Royal Bank of Scotland PLC	06/19/2013	7,005,000		10,779		10,642		(137	)
British Pound Sterling	Royal Bank of Scotland PLC	09/18/2013	130,000		196		197		1
Canadian Dollar	Royal Bank of Scotland PLC	06/04/2013	312,493		307		301		(6	)
Canadian Dollar	Royal Bank of Scotland PLC	06/19/2013	14,245,000		14,012		13,737		(275	)
Canadian Dollar	Royal Bank of Scotland PLC	06/21/2013	32,646		32		32		—
Chilean Peso	Royal Bank of Scotland PLC	06/19/2013	76,523,000		160		152		(8	)

See accompanying notes.

67

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Foreign Currency Contracts (continued)
Foreign Currency Purchase Contracts	Counterparty	Delivery Date	Contracts to Accept	In Exchange For		Fair Value		Net Unrealized Appreciation/(Depreciation)
Chinese Renminbi	Barclays Bank PLC	08/05/2013	26,334,495	$	4,196	$	4,275	$	79
Colombian Peso	Royal Bank of Scotland PLC	06/19/2013	110,000,000		61		58		(3	)
Czech Koruna	Royal Bank of Scotland PLC	06/19/2013	14,700,000		754		743		(11	)
Danish Krone	Royal Bank of Scotland PLC	06/19/2013	430,000		75		75		—
Euro	Bank of New York Mellon	06/28/2013	1,110,711		1,441		1,444		3
Euro	Barclays Bank PLC	06/04/2013	94,000		121		122		1
Euro	Citigroup Inc	06/26/2013	585,000		753		760		7
Euro	Credit Suisse	06/04/2013	200,000		261		260		(1	)
Euro	Credit Suisse	07/02/2013	83,000		107		108		1
Euro	Goldman Sachs & Co	06/04/2013	210,000		273		273		—
Euro	JP Morgan Chase	10/11/2013	108,000		141		141		—
Euro	Royal Bank of Scotland PLC	06/19/2013	9,630,000		12,534		12,517		(17	)
Euro	Royal Bank of Scotland PLC	09/18/2013	2,573,000		3,329		3,346		17
Hungarian Forint	Royal Bank of Scotland PLC	06/19/2013	1,204,000,000		5,247		5,269		22
Hungarian Forint	Royal Bank of Scotland PLC	09/18/2013	105,000,000		464		456		(8	)
Indian Rupee	Royal Bank of Scotland PLC	06/19/2013	177,000,000		3,214		3,125		(89	)
Indonesian Rupiah	Royal Bank of Scotland PLC	06/19/2013	2,600,000,000		267		265		(2	)
Israeli New Shekel	Royal Bank of Scotland PLC	06/19/2013	10,200,000		2,792		2,766		(26	)
Japanese Yen	Credit Suisse	06/10/2013	923,000,000		9,048		9,189		141
Japanese Yen	Deutsche Bank AG	07/18/2013	9,200,000		95		92		(3	)
Japanese Yen	Goldman Sachs & Co	07/18/2013	12,100,000		119		121		2
Japanese Yen	Royal Bank of Scotland PLC	06/19/2013	676,300,000		6,867		6,733		(134	)
Japanese Yen	Royal Bank of Scotland PLC	09/18/2013	169,263,000		1,671		1,686		15
Malaysian Ringgit	Royal Bank of Scotland PLC	06/19/2013	16,250,000		5,301		5,239		(62	)
Malaysian Ringgit	Royal Bank of Scotland PLC	09/18/2013	70,000		22		22		—
Mexican Peso	JP Morgan Chase	09/18/2013	81,613		6		6		—
Mexican Peso	Royal Bank of Scotland PLC	06/19/2013	73,918,000		5,871		5,777		(94	)
Mexican Peso	UBS AG	06/27/2013	8,178,499		636		639		3
New Taiwan Dollar	Royal Bank of Scotland PLC	06/19/2013	62,800,000		2,123		2,100		(23	)
New Zealand Dollar	Royal Bank of Scotland PLC	06/19/2013	21,722,000		18,025		17,242		(783	)
Norwegian Krone	Royal Bank of Scotland PLC	06/19/2013	91,195,000		15,841		15,534		(307	)
Peruvian Nuevo Sol	Royal Bank of Scotland PLC	06/19/2013	14,000		5		5		—
Philippine Peso	Credit Suisse	06/14/2013	60,000,000		1,470		1,419		(51	)
Philippine Peso	Royal Bank of Scotland PLC	06/19/2013	7,000,000		173		166		(7	)
Polish Zloty	Royal Bank of Scotland PLC	06/19/2013	18,946,000		5,920		5,756		(164	)
Polish Zloty	Royal Bank of Scotland PLC	09/18/2013	90,000		27		27		—
Russian Rouble	JP Morgan Chase	03/12/2014	5,212,550		160		163		3
Russian Rouble	Royal Bank of Scotland PLC	06/19/2013	184,452,000		5,889		5,764		(125	)
Russian Rouble	Royal Bank of Scotland PLC	09/18/2013	28,500,000		886		877		(9	)
Singapore Dollar	Royal Bank of Scotland PLC	06/19/2013	7,130,000		5,763		5,642		(121	)
South African Rand	Royal Bank of Scotland PLC	06/19/2013	15,300,000		1,691		1,518		(173	)
South Korean Won	Royal Bank of Scotland PLC	06/19/2013	5,607,757,000		5,092		4,962		(130	)
Swedish Krona	Royal Bank of Scotland PLC	06/19/2013	63,726,000		9,924		9,620		(304	)
Swiss Franc	Credit Suisse	06/17/2013	1,435,000		1,504		1,501		(3	)
Swiss Franc	Royal Bank of Scotland PLC	06/19/2013	2,332,000		2,491		2,439		(52	)
Swiss Franc	Royal Bank of Scotland PLC	09/18/2013	135,000		139		141		2
Turkish Lira	Royal Bank of Scotland PLC	06/19/2013	6,433,000		3,526		3,429		(97	)
Total								$	(4,217	)
Foreign Currency Sale Contracts	Counterparty	Delivery Date	Contracts to Deliver	In Exchange For		Fair Value		Net Unrealized Appreciation/(Depreciation)
Australian Dollar	Credit Suisse	06/28/2013	1,300,000	$	1,249	$	1,242	$	7
Australian Dollar	JP Morgan Chase	07/10/2013	4,123,000		4,040		3,934		106
Australian Dollar	Royal Bank of Scotland PLC	06/19/2013	18,944,000		19,098		18,107		991
Australian Dollar	Royal Bank of Scotland PLC	09/18/2013	1,696,000		1,617		1,610		7
Brazilian Real	Bank of America NA	06/04/2013	514,289		255		240		15
Brazilian Real	Bank of America NA	02/18/2014	89,477		43		40		3
Brazilian Real	Credit Suisse	06/04/2013	302,363		150		141		9
Brazilian Real	Credit Suisse	06/17/2013	850,000		422		396		26
Brazilian Real	Royal Bank of Scotland PLC	06/19/2013	8,097,000		4,024		3,769		255
Brazilian Real	Royal Bank of Scotland PLC	09/18/2013	990,000		466		453		13
Brazilian Real	UBS AG	06/04/2013	2,115,404		1,053		988		65
British Pound Sterling	Barclays Bank PLC	06/12/2013	1,494,000		2,249		2,270		(21	)
British Pound Sterling	Credit Suisse	06/04/2013	200,000		304		304		—
British Pound Sterling	Credit Suisse	06/21/2013	980,000		1,489		1,489		—
British Pound Sterling	Credit Suisse	09/04/2013	200,000		304		304		—
British Pound Sterling	JP Morgan Chase	06/12/2013	412,000		614		626		(12	)
British Pound Sterling	Royal Bank of Scotland PLC	06/19/2013	11,628,000		17,507		17,665		(158	)
British Pound Sterling	Royal Bank of Scotland PLC	09/18/2013	123,000		186		187		(1	)
Canadian Dollar	Barclays Bank PLC	06/20/2013	546,000		531		526		5

See accompanying notes.

68

		Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Foreign Currency Contracts (continued)
Foreign Currency Sale Contracts	Counterparty	Delivery Date	Contracts to Deliver	In Exchange For		Fair Value		Net Unrealized Appreciation/(Depreciation)
Canadian Dollar	Credit Suisse	06/20/2013	13,000	$	13	$	13	$	—
Canadian Dollar	Royal Bank of Scotland PLC	06/04/2013	312,493		310		301		9
Canadian Dollar	Royal Bank of Scotland PLC	06/19/2013	7,980,000		7,788		7,695		93
Canadian Dollar	Royal Bank of Scotland PLC	06/21/2013	238,679		233		230		3
Canadian Dollar	Royal Bank of Scotland PLC	06/28/2013	330,468		332		319		13
Canadian Dollar	Royal Bank of Scotland PLC	08/07/2013	449,115		439		433		6
Canadian Dollar	Royal Bank of Scotland PLC	09/18/2013	823,000		791		792		(1	)
Chilean Peso	Credit Suisse	07/03/2013	680,000,000		1,365		1,351		14
Chilean Peso	Royal Bank of Scotland PLC	06/19/2013	10,000,000		20		20		—
Chilean Peso	Royal Bank of Scotland PLC	09/23/2013	20,000,000		40		39		1
Chinese Renminbi	Deutsche Bank AG	08/05/2013	1,371,854		220		223		(3	)
Chinese Renminbi	Morgan Stanley & Co	08/05/2013	10,618,366		1,699		1,724		(25	)
Chinese Renminbi	UBS AG	08/05/2013	13,169,841		2,109		2,138		(29	)
Czech Koruna	Royal Bank of Scotland PLC	06/19/2013	44,700,000		2,246		2,259		(13	)
Danish Krone	Royal Bank of Scotland PLC	06/19/2013	1,451,000		255		253		2
Euro	Bank of New York Mellon	06/28/2013	14,888,690		19,290		19,352		(62	)
Euro	BNP Paribas	06/04/2013	2,633,000		3,422		3,422		—
Euro	Citigroup Inc	06/11/2013	1,414,000		1,860		1,838		22
Euro	Citigroup Inc	06/25/2013	470,000		604		611		(7	)
Euro	Citigroup Inc	06/26/2013	585,000		760		760		—
Euro	Credit Suisse	06/04/2013	679,000		883		883		—
Euro	Credit Suisse	06/06/2013	525,000		688		682		6
Euro	Credit Suisse	06/10/2013	1,147,000		1,503		1,491		12
Euro	Credit Suisse	06/13/2013	710,000		930		923		7
Euro	Credit Suisse	06/28/2013	1,288,000		1,667		1,674		(7	)
Euro	Credit Suisse	07/09/2013	1,330,000		1,733		1,729		4
Euro	Deutsche Bank AG	06/14/2013	305,000		395		396		(1	)
Euro	Deutsche Bank AG	07/26/2013	1,200,000		1,561		1,560		1
Euro	JP Morgan Chase	06/04/2013	160,000		211		208		3
Euro	JP Morgan Chase	07/02/2013	2,408,000		3,118		3,130		(12	)
Euro	JP Morgan Chase	10/11/2013	108,000		131		140		(9	)
Euro	Royal Bank of Scotland PLC	06/10/2013	12,959		17		17		—
Euro	Royal Bank of Scotland PLC	06/19/2013	11,896,047		15,443		15,462		(19	)
Euro	Royal Bank of Scotland PLC	09/06/2013	285,740		374		372		2
Euro	Royal Bank of Scotland PLC	04/07/2014	1,500		2		2		—
Euro	Royal Bank of Scotland PLC	06/09/2014	22,000		29		29		—
Euro	Royal Bank of Scotland PLC	04/07/2015	1,500		2		2		—
Euro	Royal Bank of Scotland PLC	06/09/2015	22,000		29		29		—
Euro	Royal Bank of Scotland PLC	11/09/2015	9,222		12		12		—
Euro	Royal Bank of Scotland PLC	04/05/2016	1,500		2		2		—
Euro	Royal Bank of Scotland PLC	04/05/2017	1,500		2		2		—
Euro	UBS AG	06/14/2013	1,900,000		2,406		2,470		(64	)
Hong Kong Dollar	Royal Bank of Scotland PLC	06/19/2013	6,831,000		881		880		1
Hungarian Forint	JP Morgan Chase	08/13/2013	187,071,498		814		814		—
Hungarian Forint	Royal Bank of Scotland PLC	06/19/2013	586,000,000		2,502		2,564		(62	)
Indian Rupee	Royal Bank of Scotland PLC	06/19/2013	156,257,000		2,830		2,758		72
Indian Rupee	Royal Bank of Scotland PLC	09/18/2013	10,000,000		175		174		1
Indonesian Rupiah	Royal Bank of Scotland PLC	06/19/2013	3,910,962,000		400		399		1
Israeli New Shekel	Royal Bank of Scotland PLC	06/19/2013	6,280,000		1,691		1,703		(12	)
Japanese Yen	Barclays Bank PLC	07/18/2013	25,500,000		258		254		4
Japanese Yen	Credit Suisse	06/10/2013	1,226,100,000		12,481		12,206		275
Japanese Yen	Credit Suisse	06/19/2013	51,255,000		518		510		8
Japanese Yen	Goldman Sachs & Co	06/19/2013	182,792,000		1,786		1,820		(34	)
Japanese Yen	Royal Bank of Scotland PLC	06/19/2013	1,952,248,000		20,558		19,437		1,121
Japanese Yen	Royal Bank of Scotland PLC	09/18/2013	26,038,000		256		259		(3	)
Japanese Yen	State Street Financial	06/19/2013	3,292,066,000		33,373		32,776		597
Japanese Yen	UBS AG	06/18/2013	114,332,000		1,158		1,138		20
Japanese Yen	UBS AG	06/19/2013	50,000,000		492		498		(6	)
Malaysian Ringgit	Royal Bank of Scotland PLC	06/19/2013	1,051,000		344		339		5
Mexican Peso	Bank of America NA	06/27/2013	2,670,749		217		209		8
Mexican Peso	JP Morgan Chase	06/27/2013	2,914,353		237		228		9
Mexican Peso	Royal Bank of Scotland PLC	06/19/2013	40,907,000		3,323		3,197		126
Mexican Peso	Royal Bank of Scotland PLC	09/18/2013	1,400,000		110		109		1
Mexican Peso	UBS AG	06/27/2013	2,593,397		210		202		8
New Taiwan Dollar	Royal Bank of Scotland PLC	06/19/2013	44,818,000		1,506		1,498		8
New Zealand Dollar	Credit Suisse	06/28/2013	855,000		693		678		15
New Zealand Dollar	Royal Bank of Scotland PLC	06/19/2013	9,165,000		7,555		7,275		280
New Zealand Dollar	Royal Bank of Scotland PLC	09/18/2013	79,000		63		62		1
New Zealand Dollar	UBS AG	07/10/2013	110,000		90		87		3
Norwegian Krone	Royal Bank of Scotland PLC	06/19/2013	61,137,000		10,487		10,414		73

See accompanying notes.

69

		Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Foreign Currency Contracts (continued)
Foreign Currency Sale Contracts	Counterparty	Delivery Date	Contracts to Deliver	In Exchange For		Fair Value		Net Unrealized Appreciation/(Depreciation)
Norwegian Krone	Royal Bank of Scotland PLC	09/18/2013	3,060,000	$	517	$	520	$	(3	)
Peruvian Nuevo Sol	Royal Bank of Scotland PLC	06/19/2013	65,000		25		24		1
Philippine Peso	Credit Suisse	06/14/2013	60,000,000		1,422		1,419		3
Philippine Peso	Royal Bank of Scotland PLC	06/19/2013	101,100,000		2,478		2,394		84
Philippine Peso	Royal Bank of Scotland PLC	09/18/2013	2,000,000		47		47		—
Polish Zloty	Royal Bank of Scotland PLC	06/19/2013	1,734,000		538		527		11
Russian Rouble	Bank of America NA	10/07/2013	1,851,275		57		57		—
Russian Rouble	Credit Suisse	03/12/2014	1,725,945		53		52		1
Russian Rouble	Royal Bank of Scotland PLC	06/19/2013	215,403,000		6,795		6,731		64
Russian Rouble	Royal Bank of Scotland PLC	09/18/2013	100,000		3		3		—
Russian Rouble	UBS AG	03/12/2014	3,477,000		107		106		1
Singapore Dollar	Royal Bank of Scotland PLC	06/19/2013	13,370,000		10,719		10,580		139
Singapore Dollar	Royal Bank of Scotland PLC	09/18/2013	1,190,000		938		942		(4	)
South African Rand	Royal Bank of Scotland PLC	06/19/2013	66,493,000		7,147		6,598		549
South African Rand	Royal Bank of Scotland PLC	09/18/2013	1,100,000		111		108		3
South Korean Won	Royal Bank of Scotland PLC	06/19/2013	2,582,725,000		2,274		2,285		(11	)
South Korean Won	Royal Bank of Scotland PLC	09/23/2013	80,000,000		71		71		—
Swedish Krona	Royal Bank of Scotland PLC	06/19/2013	50,121,000		7,664		7,566		98
Swedish Krona	Royal Bank of Scotland PLC	09/18/2013	11,522,000		1,720		1,736		(16	)
Swiss Franc	Credit Suisse	06/13/2013	105,000		112		110		2
Swiss Franc	Credit Suisse	06/17/2013	2,890,000		2,989		3,023		(34	)
Swiss Franc	Royal Bank of Scotland PLC	06/19/2013	10,066,000		10,668		10,530		138
Swiss Franc	Royal Bank of Scotland PLC	09/18/2013	62,000		64		65		(1	)
Thai Baht	Royal Bank of Scotland PLC	06/19/2013	5,680,000		191		188		3
Turkish Lira	Credit Suisse	10/09/2013	1,273,318		690		669		21
Turkish Lira	Royal Bank of Scotland PLC	06/19/2013	12,615,000		6,919		6,725		194
Turkish Lira	Royal Bank of Scotland PLC	09/18/2013	240,000		127		126		1
Total								$	5,020
Amounts in thousands except contracts

See accompanying notes.

70

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Futures Contracts
Type	Long/Short	Contracts	Notional Value		Fair Value		Unrealized Appreciation/(Depreciation)
3 Month Euro Swiss; December 2013	Short	13	$	3,398	$	3,398	$	—
3 Month Euro Swiss; September 2013	Short	17		4,444		4,444		—
90 Day Eurodollar; December 2013	Long	65		16,195		16,191		(4	)
90 Day Eurodollar; December 2014	Short	5		1,242		1,242		—
90 Day Eurodollar; December 2015	Long	32		7,925		7,904		(21	)
90 Day Eurodollar; June 2014	Short	7		1,742		1,742		—
90 Day Eurodollar; March 2014	Long	34		8,469		8,464		(5	)
90 Day Eurodollar; March 2015	Short	5		1,242		1,241		1
90 Day Eurodollar; September 2013	Long	114		28,409		28,410		1
90 Day Eurodollar; September 2014	Short	7		1,740		1,740		—
90 Day Short Sterling; December 2013	Short	169		31,952		31,927		25
90 Day Short Sterling; December 2014	Long	3		567		566		(1	)
90 Day Short Sterling; June 2014	Short	1		189		189		—
90 Day Short Sterling; March 2014	Short	96		18,149		18,131		18
90 Day Short Sterling; March 2015	Long	6		1,134		1,131		(3	)
90 Day Short Sterling; September 2013	Short	334		63,132		63,112		20
90 Day Short Sterling; September 2014	Long	1		189		189		—
AEX Index; June 2013	Long	3		281		283		2
Aussie Bank Bill; December 2013	Short	4		3,801		3,804		(3	)
Aussie Bank Bill; March 2014	Short	3		2,850		2,853		(3	)
Aussie Bank Bill; September 2013	Short	7		6,652		6,656		(4	)
Australia 10 Year Bond; June 2013	Short	7		817		819		(2	)
Australia 3 Year Bond; June 2013	Short	7		734		735		(1	)
CAC40 Index; June 2013	Long	42		2,143		2,151		8
Canadian Bank Acceptance; December 2013	Short	10		2,379		2,379		—
Canadian Bank Acceptance; September 2013	Short	33		7,852		7,854		(2	)
DAX Index; June 2013	Long	4		1,078		1,087		9
DJ Euro Stoxx 50; June 2013	Long	43		1,439		1,550		111
E-Mini DJIA Index; June 2013	Long	11		794		830		36
Euribor; December 2013	Long	39		12,643		12,643		—
Euribor; December 2014	Long	19		6,148		6,146		(2	)
Euribor; June 2014	Long	17		5,507		5,506		(1	)
Euribor; March 2014	Long	43		13,935		13,934		(1	)
Euribor; March 2015	Long	19		6,145		6,142		(3	)
Euribor; September 2013	Long	103		33,396		33,402		6
Euribor; September 2014	Long	18		5,828		5,827		(1	)
Euro-OAT 10 Year; June 2013	Short	64		11,165		11,411		(246	)
FTSE/MIB Index Future; June 2013	Short	8		801		896		(95	)
FTSE100 Index; June 2013	Long	25		2,449		2,497		48
Hang Seng Index; June 2013	Long	3		429		428		(1	)
HSCEI China Index; June 2013	Long	22		1,477		1,465		(12	)
IBEX 35 Index; June 2013	Long	8		880		865		(15	)
Japan Topix Index; June 2013	Short	286		33,451		32,243		1,208
Japan Topix Index; June 2013	Long	20		2,270		2,255		(15	)
KOSPI 200 Index; June 2013	Short	9		1,012		1,045		(33	)
Mini Japan 10 Year Bond; June 2013	Short	143		20,466		20,289		177
MSCI Singapore Index; June 2013	Long	14		844		817		(27	)
MSCI Taiwan Index; June 2013	Short	3		90		89		1
Nasdaq 100 E-Mini; June 2013	Long	12		688		715		27
Nikkei 225 Future; June 2013	Long	5		712		682		(30	)
Russell 2000 Mini; June 2013	Short	16		1,586		1,570		16
Russell 2000 Mini; June 2013	Short	49		4,596		4,808		(212	)
S&P 500 Emini; June 2013	Short	15		1,163		1,222		(59	)
S&P 500 Emini; June 2013	Short	205		16,405		16,697		(292	)
S&P 500 Emini; June 2013	Short	75		5,799		6,109		(310	)
S&P 500 Emini; June 2013	Short	522		40,463		42,517		(2,054	)
S&P Mid 400 Emini; June 2013	Long	5		566		592		26
S&P Mid 400 Emini; June 2013	Short	61		6,890		7,219		(329	)

See accompanying notes.

71

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Futures Contracts (continued)
Type			Long/Short		Contracts		Notional Value			Fair Value			Unrealized Appreciation/(Depreciation)
S&P/TSE 60 Index; June 2013			Long			4	$		554	$		560		$	6
SGX CNX Nifty Index; June 2013			Short			88			1,055			1,054			1
South Africa All Share Index; June 2013			Long			42			1,506			1,572			66
SPI 200 Index; June 2013			Long			1			124			118			(6	)
US 10 Year Note; June 2013			Short			30			3,939			3,908			31
US 10 Year Note; September 2013			Short			70			9,156			9,045			111
US 10 Year Note; September 2013			Short			24			3,107			3,101			6
US Long Bond; June 2013			Long			4			573			564			(9	)
US Long Bond; September 2013			Short			5			703			700			3
Total														$	(1,838	)
Amounts in thousands except contracts
Interest Rate Swaps
Counterparty (Issuer)	Floating Rate Index	(Pay)/ Receive Floating Rate	Fixed Rate		Expiration Date	Notional Amount		Fair Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/(Depreciation)
Bank of America	Brazil Cetip	Pay	8.60	%	01/02/2017	BRL	1,000	$	(9	)	$	(3	)	$	(6	)
NA	Interbank Deposit
Bank of America	Brazil Cetip	Pay	8.42	%	01/02/2017		1,300		(13	)		2			(15	)
NA	Interbank Deposit
Bank of America	Brazil Cetip	Pay	8.16	%	01/02/2015		400		(1	)		—			(1	)
NA	Interbank Deposit
Bank of America	Brazil Cetip	Pay	8.86	%	01/02/2017		3,600		(10	)		9			(19	)
NA	Interbank Deposit
Bank of America	Brazil Cetip	Pay	8.44	%	01/02/2015		1,100		2			5			(3	)
NA	Interbank Deposit
Barclays Bank PLC	6 Month AUD BBR	Pay	4.75	%	03/15/2018	AUD	3,100		187			12			175
	BBSW
Barclays Bank PLC Brazil Cetip		Pay	7.92	%	01/02/2015	BRL	6,000		(27	)		(1	)		(26	)
	Interbank Deposit
BNP Paribas	6 Month JPY	Receive	2.00	%	12/21/2041	JPY	50,000		(11	)		(29	)		18
	LIBOR
BNP Paribas	Brazil Cetip	Pay	8.49	%	01/02/2017	BRL	100		(1	)		—			(1	)
	Interbank Deposit
Credit Suisse	Brazil Cetip	Pay	8.50	%	01/02/2017		700		(7	)		—			(7	)
	Interbank Deposit
Deutsche Bank AG	Brazil Cetip	Pay	9.21	%	01/02/2017		100		—			—			—
	Interbank Deposit
Deutsche Bank AG	Brazil Cetip	Pay	8.42	%	01/02/2017		6,300		(62	)		—			(62	)
	Interbank Deposit
Deutsche Bank AG	Brazil Cetip	Pay	8.60	%	01/02/2017		1,000		(9	)		(3	)		(6	)
	Interbank Deposit
Deutsche Bank AG	Brazil Cetip	Pay	7.62	%	01/02/2015		1,800		(12	)		(3	)		(9	)
	Interbank Deposit
Goldman Sachs &	Brazil Cetip	Pay	7.55	%	01/02/2015		300		(2	)		(1	)		(1	)
Co	Interbank Deposit
Goldman Sachs &	Brazil Cetip	Pay	8.30	%	01/02/2017		200		(3	)		—			(3	)
Co	Interbank Deposit
Goldman Sachs &	Brazil Cetip	Pay	8.15	%	01/02/2015		500		(1	)		—			(1	)
Co	Interbank Deposit
Goldman Sachs &	Brazil Cetip	Pay	8.72	%	01/02/2017		1,300		(9	)		1			(10	)
Co	Interbank Deposit
JP Morgan Chase	Brazil Cetip	Pay	7.89	%	01/02/2015		1,100		(5	)		—			(5	)
	Interbank Deposit
JP Morgan Chase	Brazil Cetip	Pay	9.01	%	01/02/2017		3,500		(5	)		29			(34	)
	Interbank Deposit
UBS AG	6 Month AUD Bank	Pay	4.75	%	12/14/2017	AUD	800		49			3			46
	Bill
UBS AG	6 Month AUD BBR	Pay	4.75	%	12/15/2017		800		47			4			43
	BBSW
UBS AG	Brazil Cetip	Pay	8.59	%	01/02/2017	BRL	1,000		(10	)		—			(10	)
	Interbank Deposit
Total							$		88		$	25		$	63
Amounts in thousands

See accompanying notes.

72

					Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Exchange Cleared Interest Rate Swaps
	Floating Rate Index	(Pay)/ Receive Floating Rate	Fixed Rate		Expiration Date		Notional Amount					Fair Value					UnrealizedAppreciation/(Depreciation)
	3 Month CAD Bank	Pay	2.50	%	12/18/2023			CAD	1,200		$		(18		) $						(15	)
	Bill
	3 Month CAD Bank	Pay	2.00	%	06/16/2016				3,000				16								16
	Bill
	3 Month CAD Bank	Pay	2.63	%	09/16/2043					500			37								25
	Bill
	3 Month LIBOR	Pay	1.40	%	03/20/2018			$	3,500				(38		)						(38	)
	3 Month LIBOR	Pay	3.00	%	06/20/2023				2,800				(72		)						(38	)
	3 Month LIBOR	Pay	2.00	%	06/19/2023				4,400			143									72
	3 Month LIBOR	Pay	0.75	%	06/19/2017				27,800			239									38
	3 Month LIBOR	Pay	1.92	%	05/01/2023					400		15									15
	6 Month AUD BBR	Pay	4.25	%	03/15/2023			AUD		200		5									5
	BBSW
	6 Month AUD BBR	Pay	4.00	%	03/15/2023					100		1									1
	BBSW
	6 Month AUD BBR	Pay	3.50	%	03/15/2023					100			(3		)						(1	)
	BBSW
	6 Month AUD BBR	Pay	3.75	%	03/15/2023					800			(11		)						(6	)
	BBSW
	6 Month EURIBOR	Pay	2.00	%	09/18/2023			EUR	4,200				(93		)						(36	)
	6 Month JPY	Pay	1.00	%	09/18/2023			JPY	400,000			34									78
	LIBOR
	6 Month JPY	Pay	2.00	%	12/21/2041				50,000				(11		)						40
	LIBOR
Total											$	244			$						156
Amounts in thousands
Interest Rate Swaptions
Purchased Swaptions Outstanding	Counterparty (Issuer)	Floating Rate Index	Pay/ Receive Floating Rate			Exercise Rate		Expiration Date			Notional Amount		Upfront Premiums Paid/(Received)			Fair Value			Unrealized Appreciation/(Depreciation)
Call - 5 Year Interest Deutsche Bank AG		3 Month	Receive			0.95	%	06/11/2013		$		2,200	$	2		$	—		$		(2	)
Rate Swap		LIBOR
Put - 10 Year Interest Deutsche Bank AG		3 Month	Receive			3.00	%	03/12/2024				800		2			2				—
Rate Swap		LIBOR
Total													$	4		$	2		$		(2	)
Written Swaptions Outstanding	Counterparty (Issuer)	Floating Rate Index	Pay/ Receive Floating Rate			Exercise Rate	Expiration Date			Notional Amount			Upfront Premiums Paid/(Received)			Fair Value			Unrealized Appreciation/(Depreciation)
Call - 10 Year	Barclays Bank PLC	3 Month	Receive			1.80	%	07/30/2013		$		400	$	(2	)	$	(1)			$	1
Interest Rate Swap		LIBOR
Call - 10 Year	Deutsche Bank AG	3 Month	Receive			1.80	%	07/30/2013				500		(1	)		—				1
Interest Rate Swap		LIBOR
Put - 10 Year Interest Barclays Bank PLC		3 Month	Receive			2.65	%	07/30/2013				400		(3	)		(2	)			1
Rate Swap		LIBOR
Put - 10 Year Interest Deutsche Bank AG		3 Month	Receive			2.65	%	07/30/2013				500		(3	)		(3	)			—
Rate Swap		LIBOR
Put - 2 Year Interest	Bank of America NA	6 Month	Receive			1.15	%	07/25/2013		EUR		1,900		(4	)		—				4
Rate Swap		EURIBOR
Put - 2 Year Interest	Barclays Bank PLC	6 Month	Receive			1.15	%	07/25/2013				500		(1	)		—				1
Rate Swap		EURIBOR
Put - 2 Year Interest	Credit Suisse	6 Month	Receive			1.15	%	07/25/2013				1,000		(2	)		—				2
Rate Swap		EURIBOR
Put - 5 Year Interest	Bank of America NA	3 Month	Receive			1.25	%	09/04/2013		$		400		(1	)		(6	)			(5	)
Rate Swap		LIBOR
Put - 5 Year Interest	Barclays Bank PLC	6 Month	Receive			1.70	%	07/25/2013		EUR		1,300		(7	)		—				7
Rate Swap		EURIBOR
Put - 5 Year Interest	Deutsche Bank AG	3 Month	Receive			1.35	%	06/11/2013		$		2,200		(5	)		(2	)			3
Rate Swap		LIBOR
Put - 5 Year Interest	Deutsche Bank AG	6 Month	Receive			1.70	%	07/25/2013		EUR		900		(5	)		—				5
Rate Swap		EURIBOR
Put - 5 Year Interest	Deutsche Bank AG	3 Month	Receive			1.25	%	09/04/2013		$		300		(1	)		(5	)			(4	)
Rate Swap		LIBOR

See accompanying notes.

73

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Interest Rate Swaptions (continued)
Written Swaptions Outstanding	Counterparty (Issuer)			Floating Rate Index	Pay/ Receive Floating Rate	Exercise Rate	Expiration Date			Notional Amount			Upfront Premiums Paid/(Received)					Fair Value			Unrealized Appreciation/(Depreciation)
Put - 5 Year Interest	Deutsche Bank AG		3 Month		Receive	1.40	%	09/04/2013		$	4,500		$		(14	)	$	(30			) $	(16	)
Rate Swap			LIBOR
Put - 5 Year Interest Goldman Sachs & Co 3 Month					Receive	1.50	%	10/28/2013			10,800				(30	)		(91			)	(61	)
Rate Swap			LIBOR
Total												$			(79	)	$	(140			) $	(61	)
Amounts in thousands
Options
Purchased Options Outstanding		Exercise Price			Expiration Date		Contracts		Upfront Premiums Paid/(Received)					Fair Value						Unrealized Appreciation/(Depreciation)
Call - USD versus CNY			$	6.42	09/12/2013			400,000	$			4		$				—		$		(4	)
Call - USD versus CNY			$	6.42	09/12/2013			300,000				3						—				(3	)
Call - USD versus CNY			$	6.41	02/27/2014			665,000				2						2				—
Call - USD versus CNY			$	6.39	04/10/2014			700,000				3						4				1
Call - USD versus CNY			$	6.40	01/15/2014			2,000,000				9						6				(3	)
Call - USD versus CNY			$	6.55	10/14/2013			500,000				3						—				(3	)
Call - USD versus CNY			$	6.41	02/27/2014			458,000				2						2				—
Call - USD versus CNY			$	6.39	04/10/2014			700,000				3						4				1
Call - USD versus CNY			$	6.24	05/19/2014			1,129,000				11						14				3
Put - Financial Select Sector SPDR Fund			$	17 .00	06/24/2013			3,915				79						7				(72	)
Put - iShares MSCI Emerging Markets			$	42 .50	07/22/2013			205				23						41				18
Index Fund
Put - iShares MSCI Emerging Markets					07/22/2013			544				47						63				16
Index Fund
Put - iShares Russell 2000 Index Fund			$	88 .00	07/22/2013			338				104						18				(86	)
Put - Knight Capital Group Inc			$	5.00	07/22/2013			3				1						1				—
Put - Knight Capital Group Inc			$	4.00	07/22/2013			7				1						1				—
Put - S&P 500 Index		$	1,350 .00		06/23/2014			685				4,710					2,784					(1,926	)
Put - SPDR S&P 500 ETF Trust			$	157 .00	08/19/2013			285				69						69				—
Put - SPDR S&P Homebuilders ETF			$	30 .00	07/22/2013			767				59						56				(3	)
Put - Sprint Nextel Corp			$	10 .00	01/20/2014			116				60						36				(24	)
Put - USD versus BRL			$	1.96	02/14/2014			172,000				2						—				(2	)
Put - USD versus BRL			$	1.96	02/14/2014			172,000				2						—				(2	)
Put - USD versus BRL			$	1.96	02/14/2014			200,000				3						1				(2	)
Put - USD versus BRL			$	1.96	02/14/2014			600,000				8						1				(7	)
Put - USD versus CNY			$	6.24	05/19/2014			1,129,000				11						10				(1	)
Put - USD versus CNY			$	6.42	09/12/2013			400,000				4						15				11
Put - USD versus CNY			$	6.42	09/12/2013			300,000				3						11				8
Put - USD versus INR			$	53 .50	03/03/2014			219,000				3						1				(2	)
Put - USD versus INR			$	53 .00	09/03/2013			219,000				2						—				(2	)
Put - USD versus JPY			$	93 .10	07/18/2013			11,800,000				99						15				(84	)
Put - USD versus RUB			$	30 .00	02/14/2014			600,000				8						2				(6	)
Put - USD versus RUB			$	30 .00	02/14/2014			1,100,000				15						4				(11	)
Total									$			5,353		$			3,168			$		(2,185	)
Written Options Outstanding		Exercise Price			Expiration Date		Contracts			Upfront Premiums Paid/(Received)					Fair Value					Unrealized Appreciation/(Depreciation)
Call - Dell Inc			$	13 .00	08/19/2013			34	$			(3	)	$				(3	)	$		—
Call - Sprint Nextel Corp			$	7.00	06/24/2013			131				(5	)					(6	)			(1	)
Call - Clearwire Corp			$	4.00	12/23/2013			301				(2	)					(23	)			(21	)
Call - Clearwire Corp			$	3.00	09/23/2013			269				(11	)					(43	)			(32	)
Call - HJ Heinz Co			$	75 .00	09/23/2013			102				(1	)					(1	)			—
Call - Knight Capital Group Inc			$	4.00	07/22/2013			7				—						—				—
Call - Knight Capital Group Inc			$	5.00	07/22/2013			3				—						—				—
Call - S&P 500 Index		$	1,600 .00		06/24/2013			210				(394	)				(892		)			(498	)
Call - Sprint Nextel Corp			$	10 .00	01/20/2014			116				(1	)					(1	)			—
Put - S&P 500 Index		$	1,200 .00		06/23/2014			685				(2,497	)				(1,486		)			1,011
Put - USD versus JPY			$	87 .90	06/21/2013			400,000				(1	)					—				1
Total									$			(2,915	)	$			(2,455		)	$		460
Amounts in thousands except contracts

See accompanying notes.

74

					Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Credit Default Swaptions
Purchased Swaptions Outstanding	Counterparty (Issuer)	Reference Entity			Buy/Sell Protection	Exercise Rate	Expiration Date		Notional Amount		Upfront Premiums Paid/(Received)				Fair Value			Unrealized Appreciation/(Depreciation)
Put - 5 Year Credit	Bank of America	CDX.HY.20 5Y			Buy	100.50	%	09/19/2013	$	700	$		10		$	8		$		(2	)
Default Swap	NA
Put - 5 Year Credit	BNP Paribas	CDX.HY.20 5Y			Buy	100.50	%	09/19/2013		400			6			4				(2	)
Default Swap
Total										$			16		$	12		$		(4	)
Written Swaptions Outstanding	Counterparty (Issuer)	Reference Entity			Buy/Sell Protection	Exercise Rate	Expiration Date		Notional Amount		Upfront Premiums Paid/(Received)				Fair Value				Unrealized Appreciation/(Depreciation)
Put - 5 Year Credit	Bank of America	CDX. IG.20 5Y			Sell	1.00	%	09/19/2013	$	2,000	$		(5	)	$	(5)			$	–
Default Swap	NA
Put - 5 Year Credit	Bank of America	CDX. IG.20 5Y			Sell	1.00	%	09/19/2013		1,500			(5	)		(4	)			1
Default Swap	NA
Put - 5 Year Credit	BNP Paribas	CDX. IG.20 5Y			Sell	1.00	%	09/19/2013		2,000			(6	)		(4	)			2
Default Swap
Total										$			(16	)	$	(13			) $	3
Amounts in thousands
Total Return Swaps
Counterparty (Issuer)		Reference Entity						Expiration Date			Notional Value						Unrealized Appreciation/(Depreciation)
Bank of America NA		Canada 10 Year Bond Future; September 2013								09/30/2013		$			3,046			$		(25	)
Bank of America NA		Euro 30 Year Bond Future; June 2013								06/07/2013						176				(5	)
Bank of America NA		Euro Bund 10 Year Bund Future; June 2013								06/07/2013					4,093					(16	)
Bank of America NA		Euro-Bobl 5 Year Future; June 2013								06/07/2013					3,112					(7	)
Bank of America NA		Euro-Schatz 2 Year Future; June 2013								06/07/2013					1,736					—
Bank of America NA		UK 10 Year Gilt Future; September 2013								09/30/2013					(11,165		)			127
Bank of America NA		US 10 Year Note Future; September 2013								09/30/2013					17,598					(24	)
Bank of America NA		US 2 Year Note Future; September 2013								10/03/2013					(3,523		)			1
Bank of America NA		US 5 Year Note; September 2013								10/03/2013					(490		)			1
Bank of America NA		US Long Bond Future; September 2013								09/30/2013					(420		)			1
Morgan Stanley & Co		Bovespa Index Future; June 2013								06/13/2013					(1,764		)			22
Morgan Stanley & Co		HSCEI China Index; June 2013								06/28/2013						202				(2	)
Morgan Stanley & Co		MSCI Taiwan Index; June 2013								06/27/2013						475				(3	)
Morgan Stanley & Co		RTS Index Future; June 2013								06/18/2013					1,218					(129	)
Morgan Stanley & Co		Swiss Market Index Future; June 2013								06/24/2013					(827		)			(13	)
Total																		$		(72	)
Amounts in thousands
Total Return Equity Basket Swaps
Counterparty	Fund Pays			Fund Receives					Expiration Date			Fair Value				Unrealized Appreciation/(Depreciation)
Deutsche Bank AG	Floating rate based on 1			Total return on a custom basket of						01/20/2014		$			628	$				483
	month LIBOR plus 0.40%			long and short securities traded in
						GBP
Deutsche Bank AG	Floating rate based on 1			Total return on a custom basket of						09/20/2013					386					155
	week EUR LIBOR plus				long and short French securities
	0.40		%
Total												$	1,014			$				638
Amounts in thousands

See accompanying notes.

75

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS - (26.10)%	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Advertising - (0.02)%					Banks - (1.00)%
Lamar Advertising Co (a)	4,100	$	192		Aozora Bank Ltd	11,770	$		34
Omnicom Group Inc	100		6		Bank of America Corp	15,900			217
		$	198		Bank of Hawaii Corp	800			40
					Bank of New York Mellon Corp/The	1,100			33
Aerospace & Defense - (0.32)%					BB&T Corp	500			17
B/E Aerospace Inc (a)	15,552		986
					CapitalSource Inc	3,200			30
Boeing Co/The	9,030		894		City National Corp/CA	500			31
Finmeccanica SpA (a)	37,030		205
					Comerica Inc	28,176			1,113
L-3 Communications Holdings Inc	1,562		133		Commerzbank AG (a)	8,540			88
Rockwell Collins Inc	4,300		278		Credit Suisse Group AG (a)	18,882			558
Triumph Group Inc	1,400		109		Cullen/Frost Bankers Inc	900			58
United Technologies Corp	400		38		First Horizon National Corp	17,600			202
		$	2,643		FirstMerit Corp	35,914			678
Agriculture - (0.06)%					Hancock Holding Co	22,513			643
Archer-Daniels-Midland Co	13,965		450		M&T Bank Corp	7,627			800
Lorillard Inc	100		4		PacWest Bancorp	17,818			514
Philip Morris International Inc	900		82		PNC Financial Services Group Inc/The	6,113			438
Universal Corp/VA	400		24		Prosperity Bancshares Inc	600			30
		$	560		Regions Financial Corp	63,256			578
					Shinsei Bank Ltd	1,000			2
Airlines - (0.06)%					Signature Bank/New York NY (a)	900			70
JetBlue Airways Corp (a)	54,623		339		Sumitomo Mitsui Trust Holdings Inc	15,000			61
United Continental Holdings Inc (a)	4,800		156		Suruga Bank Ltd	6,000			90
		$	495		SVB Financial Group (a)	2,800			217
Apparel - (0.66)%					Svenska Handelsbanken AB	3,660			157
Asics Corp	9,919		153		Synovus Financial Corp	151,800			416
Coach Inc	34,142		1,989		TCF Financial Corp	11,100			160
					UBS AG (a)	7,635			134
Deckers Outdoor Corp (a)	4,700		252
Hanesbrands Inc	3,900		194		Valley National Bancorp	5,900			55
Hugo Boss AG	332		37		Webster Financial Corp	400			9
Nike Inc	14,940		921		Westamerica Bancorporation	8,688			391
Ralph Lauren Corp	4,023		704		Zions Bancorporation	20,400			572
Tod's SpA	897		128				$		8,436
Under Armour Inc (a)	13,269		823		Beverages - (0.19)%
VF Corp	1,390		256		Beam Inc	100			7
Wolverine World Wide Inc	300		16		Coca-Cola Co/The	7,400			296
		$	5,473		Green Mountain Coffee Roasters Inc (a)	9,900			724
Automobile Manufacturers - (0.23)%					Heineken NV	227			16
					Monster Beverage Corp (a)	7,420			405
Bayerische Motoren Werke AG	2,085		198
Daimler AG	3,623		230		PepsiCo Inc	1,400			113
Fiat Industrial SpA	7,845		90		Sapporo Holdings Ltd	629			2
Ford Motor Co	13,039		204				$		1,563
Honda Motor Co Ltd	4,100		152		Biotechnology - (0.60)%
Mazda Motor Corp (a)	17,600		68		Celgene Corp (a)	200			25
Navistar International Corp (a)	5,700		205		Cubist Pharmaceuticals Inc (a)	2,300			126
Nissan Motor Co Ltd	32,000		346		Exelixis Inc (a)	31,071			150
Scania AB	4,987		111		Gilead Sciences Inc (a)	44,345			2,416
Toyota Motor Corp	3,700		216		Novozymes A/S	9,284			322
Volvo AB - B Shares	4,022		59		Regeneron Pharmaceuticals Inc (a)	6,939			1,679
		$	1,879		United Therapeutics Corp (a)	800			53
					Vertex Pharmaceuticals Inc (a)	3,515			282
Automobile Parts & Equipment - (0.34)%
BorgWarner Inc (a)	8,791		712				$		5,053
Continental AG	176		23		Building Materials - (0.36)%
Dana Holding Corp	7,300		138		Asahi Glass Co Ltd	18,000			128
Johnson Controls Inc	28,621		1,070		Cemex SAB de CV ADR(a)	60,878			700
NGK Insulators Ltd	11,000		137		Daikin Industries Ltd	3,500			152
NOK Corp	1,400		22		Eagle Materials Inc	300			22
Nokian Renkaat OYJ	9,451		394		Fortune Brands Home & Security Inc	6,562			278
Pirelli & C. SpA	12,192		140		Geberit AG	215			54
Sumitomo Rubber Industries Ltd	2,300		36		Holcim Ltd (a)	512			40
Tenneco Inc (a)	2,200		98		LIXIL Group Corp	8,600			205
Toyota Industries Corp	1,400		55		Martin Marietta Materials Inc	4,790			522
		$	2,825		Masco Corp	400			8
					Nippon Sheet Glass Co Ltd (a)	24,000			25

See accompanying notes.

76

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Building Materials (continued)					Commercial Services (continued)
Owens Corning Inc (a)	8,200	$	358		Robert Half International Inc	4,379	$		152
Rinnai Corp	1,200		95		SAIC Inc	14,753			214
Taiheiyo Cement Corp	101,077		291		Sotheby's	4,700			175
TOTO Ltd	7,000		72		Strayer Education Inc	2,400			128
		$	2,950		Towers Watson & Co	14,162			1,100
					Western Union Co/The	55,463			909
Chemicals - (0.69)%							$		11,918
Air Products & Chemicals Inc	1,000		94
Air Water Inc	1,000		14		Computers - (0.78)%
Airgas Inc	100		10		Accenture PLC - Class A	4,498			369
Ashland Inc	2,200		196		Apple Inc	1,400			630
BASF SE	1,297		126		CACI International Inc (a)	1,700			109
Clariant AG (a)	17,462		252		Cadence Design Systems Inc (a)	44,759			677
Dow Chemical Co/The	12,100		417		Cognizant Technology Solutions Corp (a)	2,900			188
Eastman Chemical Co	6,165		442		Dell Inc	22,300			298
Ecolab Inc	6,021		509		EMC Corp/MA	4,800			119
EI du Pont de Nemours & Co	10,920		609		Hewlett-Packard Co	30,574			746
Givaudan SA (a)	147		189		IHS Inc (a)	1,000			105
International Flavors & Fragrances Inc	800		64		International Business Machines Corp	500			104
Intrepid Potash Inc	12,600		237		Lexmark International Inc	2,900			88
JSR Corp	800		15		MICROS Systems Inc (a)	3,200			135
K+S AG	8,991		379		NetApp Inc	4,262			160
Kansai Paint Co Ltd	6,000		77		NTT Data Corp	19			64
Kuraray Co Ltd	300		4		SanDisk Corp (a)	22,620			1,335
Linde AG	121		23		Seagate Technology PLC	5,930			255
Mitsubishi Chemical Holdings Corp	3,000		14		TDK Corp	6,800			258
Mitsubishi Gas Chemical Co Inc	14,000		99		Teradata Corp (a)	2,500			139
Mitsui Chemicals Inc	12,216		27		Western Digital Corp	11,351			719
Mosaic Co/The	14,470		880				$		6,498
Nissan Chemical Industries Ltd	900		11
Praxair Inc	800		92		Consumer Products - (0.05)%
Showa Denko KK	62,966		96		Husqvarna AB	14,751			84
Sigma-Aldrich Corp	400		34		Scotts Miracle-Gro Co/The	6,821			322
Sumitomo Chemical Co Ltd	102,033		321				$		406
Symrise AG	2,573		105		Cosmetics & Personal Care - (0.14)%
Taiyo Nippon Sanso Corp	25,935		180		Avon Products Inc	30,108			710
Valspar Corp/The	4,590		329		Estee Lauder Cos Inc/The	4,552			308
Zeon Corp	2,000		20		Oriflame Cosmetics SA	953			32
		$	5,865		Shiseido Co Ltd	2,200			31
Coal - (0.14)%					Unicharm Corp	2,200			123
Arch Coal Inc	69,400		358				$		1,204
Consol Energy Inc	17,100		593		Distribution & Wholesale - (0.49)%
Peabody Energy Corp	1,000		20		Fastenal Co	31,256			1,631
Walter Energy Inc	10,078		172		Fossil Inc (a)	4,711			500
		$	1,143		Genuine Parts Co	2,025			157
					LKQ Corp (a)	600			15
Commercial Services - (1.43)%
Abertis Infraestructuras SA	6,244		112		Watsco Inc	1,100			96
					WESCO International Inc (a)	2,400			178
Adecco SA (a)	1,089		61
Alliance Data Systems Corp (a)	1,400		248		WW Grainger Inc	5,977			1,539
Apollo Group Inc (a)	10,200		204				$		4,116
Atlantia SpA	10,134		172		Diversified Financial Services - (1.09)%
Avis Budget Group Inc (a)	37,308		1,237		Acom Co Ltd (a)	1,690			60
DeVry Inc	7,700		241		AEON Financial Service Co Ltd	2,400			64
FTI Consulting Inc (a)	6,700		255		Affiliated Managers Group Inc (a)	2,197			360
H&R Block Inc	14,392		421		American Express Co	3,700			280
Hertz Global Holdings Inc (a)	149,330		3,857		BlackRock Inc	2,682			749
Iron Mountain Inc	3,165		113		CBOE Holdings Inc	10,985			441
Manpowergroup Inc	7,318		419		Charles Schwab Corp/The	70,013			1,390
Monro Muffler Brake Inc	4,165		196		E*Trade Financial Corp (a)	8,100			94
Monster Worldwide Inc (a)	34,500		191		Eaton Vance Corp	5,035			209
Moody's Corp	8,250		548		Federated Investors Inc	900			25
Paychex Inc	100		4		Financial Engines Inc	14,351			619
Quanta Services Inc (a)	24,532		696		Franklin Resources Inc	4,266			661
Randstad Holding NV	3,778		162		Greenhill & Co Inc	6,610			329
Rent-A-Center Inc/TX	2,800		103		IntercontinentalExchange Inc (a)	4,127			707

See accompanying notes.

77

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Diversified Financial Services (continued)					Electronics (continued)
Julius Baer Group Ltd (a)	5,520	$	218		Ibiden Co Ltd	3,800	$		59
Legg Mason Inc	8,400		294		Mettler-Toledo International Inc (a)	600			131
MarketAxess Holdings Inc	9,758		423		Minebea Co Ltd	54,263			194
Stifel Financial Corp (a)	3,600		130		Murata Manufacturing Co Ltd	4,675			353
T Rowe Price Group Inc	13,685		1,038		Nippon Electric Glass Co Ltd	10,000			51
Virtus Investment Partners Inc (a)	2,282		529		Sensata Technologies Holding NV (a)	3,700			130
Visa Inc	700		125		Trimble Navigation Ltd (a)	2,400			67
Waddell & Reed Financial Inc	6,509		300		Woodward Inc	3,900			153
		$	9,045		Yaskawa Electric Corp	19,900			241
Electric - (0.70)%							$		3,160
A2A SpA	223,404		188		Engineering & Construction - (0.23)%
AES Corp/VA	62,519		762		Acciona SA	6,328			394
Black Hills Corp	4,100		195		ACS Actividades de Construccion y Servicios	2,619			73
CH Energy Group Inc	2,144		139		SA
Chugoku Electric Power Co Inc/The	3,900		53		Aker Solutions ASA	2,598			38
CMS Energy Corp	800		22		Fluor Corp	6,549			414
Dominion Resources Inc/VA	6,300		356		Fraport AG Frankfurt Airport Services	2,934			173
Edison International	4,170		192		Worldwide
Electric Power Development Co Ltd	2,600		82		Jacobs Engineering Group Inc (a)	13,772			785
Exelon Corp	34,105		1,069		Royal Imtech NV (a)	5,537			67
FirstEnergy Corp	700		27		URS Corp	400			19
Great Plains Energy Inc	1,900		43				$		1,963
Hawaiian Electric Industries Inc	900		23
Hokkaido Electric Power Co Inc	3,000		39		Entertainment - (0.10)%
					Bally Technologies Inc (a)	3,400			193
Hokuriku Electric Power Co	4,000		54
ITC Holdings Corp	1,200		104		Dolby Laboratories Inc	1,200			42
					DreamWorks Animation SKG Inc (a)	5,600			123
Kansai Electric Power Co Inc/The	1,300		15
Kyushu Electric Power Co Inc	7,600		104		International Game Technology	21,753			389
MDU Resources Group Inc	1,800		46		Oriental Land Co Ltd/Japan	100			14
					Penn National Gaming Inc (a)	700			38
National Fuel Gas Co	2,796		171
NextEra Energy Inc	1,252		95		Vail Resorts Inc	1,000			64
Northeast Utilities	7,002		292				$		863
NorthWestern Corp	4,864		200		Environmental Control - (0.07)%
NRG Energy Inc	17,868		456		Calgon Carbon Corp (a)	23,493			424
OGE Energy Corp	3,352		227		Clean Harbors Inc (a)	800			46
Pepco Holdings Inc	300		6		Darling International Inc (a)	600			12
PPL Corp	9,350		278		Kurita Water Industries Ltd	700			15
Red Electrica Corp SA	143		8		Republic Services Inc	1,400			48
RWE AG	2,392		82		Stericycle Inc (a)	700			77
SCANA Corp	200		10		Waste Connections Inc	800			32
Shikoku Electric Power Co Inc	15,000		244		Waste Management Inc	100			4
Southern Co/The	3,100		136				$		658
TECO Energy Inc	800		14
Terna Rete Elettrica Nazionale SpA	12,737		56		Food - (0.46)%
Westar Energy Inc	2,400		76		Campbell Soup Co	2,300			99
		$	5,864		Delhaize Group SA	1,532			98
					Flowers Foods Inc	3,600			120
Electrical Components & Equipment - (0.18)%					General Mills Inc	500			24
Acuity Brands Inc	300		22		Hain Celestial Group Inc (a)	3,800			253
AMETEK Inc	600		26		Hillshire Brands Co	13,656			473
Emerson Electric Co	2,600		149		Hormel Foods Corp	8,873			353
Energizer Holdings Inc	2,570		246		Ingredion Inc	7,014			478
Furukawa Electric Co Ltd	27,000		66		Kellogg Co	2,000			124
GrafTech International Ltd (a)	26,700		224		Kikkoman Corp	7,000			114
GS Yuasa Corp	56,000		250		Marine Harvest ASA	107,153			111
Mabuchi Motor Co Ltd	100		5		McCormick & Co Inc/MD	1,000			69
Nidec Corp	7,200		488		Nissin Foods Holdings Co Ltd	1,382			53
Ushio Inc	1,100		14		Smithfield Foods Inc (a)	29,021			956
		$	1,490		Sysco Corp	2,200			74
					TreeHouse Foods Inc (a)	1,300			85
Electronics - (0.38)%
Advantest Corp	18,491		279		Tyson Foods Inc	10,403			260
					United Natural Foods Inc (a)	1,300			69
Amphenol Corp	7,189		560
Dainippon Screen Manufacturing Co Ltd	21,000		114		Yakult Honsha Co Ltd	1,400			60
FLIR Systems Inc	21,780		531				$		3,873
Gentex Corp/MI	13,000		297

See accompanying notes.

78

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Forest Products & Paper - (0.01)%					Home Builders - (0.14)%
International Paper Co	1,100	$	51		Lennar Corp	23,122	$		909
Oji Holdings Corp	7,000		24		NVR Inc (a)	242			238
		$	75				$		1,147
Gas - (0.04)%					Home Furnishings - (0.03)%
Snam SpA	6,246		30		Sharp Corp/Japan (a)	12,000			55
South Jersey Industries Inc	2,261		132		Sony Corp	10,800			214
WGL Holdings Inc	4,165		179		Tempur-Pedic International Inc (a)	600			25
		$	341				$		294
Hand & Machine Tools - (0.24)%					Insurance - (0.72)%
Disco Corp	3,900		256		Aflac Inc	1,200			67
Kennametal Inc	1,300		56		Alleghany Corp (a)	1,256			490
Lincoln Electric Holdings Inc	1,590		95		Allianz SE	505			78
Makita Corp	7,000		374		Allstate Corp/The	5,050			244
Mori Seiki Co Ltd	11,200		130		Arch Capital Group Ltd (a)	2,600			133
Sandvik AB	11,430		160		Aspen Insurance Holdings Ltd	9,444			347
SMC Corp/Japan	1,400		266		Assured Guaranty Ltd	10,100			228
Snap-on Inc	3,480		317		Cincinnati Financial Corp	6,800			322
Stanley Black & Decker Inc	4,793		379		Dai-ichi Life Insurance Co Ltd/The	12			16
		$	2,033		Fidelity National Financial Inc	451			12
					Genworth Financial Inc (a)	59,675			645
Healthcare - Products - (0.58)%					Hannover Rueckversicherung SE	151			11
Alere Inc (a)	5,100		130
					Hartford Financial Services Group Inc	2,500			76
Baxter International Inc	1,600		113		Lincoln National Corp	9,625			343
Cepheid Inc (a)	8,700		302
					Markel Corp (a)	400			209
Cooper Cos Inc/The	1,750		198		MetLife Inc	14,752			652
DENTSPLY International Inc	4,100		171		MGIC Investment Corp (a)	11,579			72
Edwards Lifesciences Corp (a)	200		13
					MS&AD Insurance Group Holdings	3,600			88
Elekta AB	18,347		279		NKSJ Holdings Inc	700			16
Hologic Inc (a)	5,500		114
Hospira Inc (a)	4,100		142		Old Republic International Corp	5,400			73
Intuitive Surgical Inc (a)	1,784		888		Progressive Corp/The	16,800			428
					Reinsurance Group of America Inc	13,338			879
Luxottica Group SpA	2,792		145		Storebrand ASA (a)	15,891			75
Masimo Corp	4,300		93		Tokio Marine Holdings Inc	900			26
Medtronic Inc	2,400		122		Unum Group	14,946			426
Shimadzu Corp	3,000		24		WR Berkley Corp	1,400			57
Sonova Holding AG (a)	2,516		276
St Jude Medical Inc	8,745		378				$		6,013
Stryker Corp	800		53		Internet - (1.06)%
Sysmex Corp	1,900		125		Dena Co Ltd	5,000			106
Techne Corp	5,278		351		eBay Inc (a)	1,600			87
Terumo Corp	4,600		226		Equinix Inc (a)	18,048			3,657
Varian Medical Systems Inc (a)	8,306		557		F5 Networks Inc (a)	2,600			216
Volcano Corp (a)	4,900		94		Google Inc (a)	100			87
		$	4,794		Kakaku.com Inc	10,468			252
					priceline.com Inc (a)	1,064			855
Healthcare - Services - (0.63)%					Rackspace Hosting Inc (a)	8,500			319
Aetna Inc	5,921		357		Rakuten Inc	44,500			496
Brookdale Senior Living Inc (a)	2,200		62
Centene Corp (a)	2,360		117		Start Today Co Ltd	9,499			140
					Trend Micro Inc/Japan	500			15
Cigna Corp	13,139		892		TripAdvisor Inc (a)	9,943			641
Fresenius Medical Care AG & Co KGaA	3,179		216		ValueClick Inc (a)	3,300			87
HealthSouth Corp (a)	5,000		146
					VeriSign Inc (a)	36,856			1,734
Humana Inc	9,602		776		Yahoo Japan Corp	504			228
Laboratory Corp of America Holdings (a)	900		89
LifePoint Hospitals Inc (a)	1,500		75				$		8,920
Mednax Inc (a)	9,847		914		Investment Companies - (0.02)%
Quest Diagnostics Inc	400		25		Ares Capital Corp	7,566			130
Tenet Healthcare Corp (a)	7,575		359
UnitedHealth Group Inc	15,369		963
Universal Health Services Inc	3,881		268		Iron & Steel - (0.35)%
					Allegheny Technologies Inc	5,600			155
WellPoint Inc	300		23		ArcelorMittal	30,443			385
		$	5,282		Carpenter Technology Corp	100			5
Holding Companies - Diversified - (0.09)%					Cliffs Natural Resources Inc	35,252			636
Leucadia National Corp	24,642		773		Daido Steel Co Ltd	1,000			5
					Hitachi Metals Ltd	33,000			340

See accompanying notes.

79

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Iron & Steel (continued)					Metal Fabrication & Hardware - (0.22)%
JFE Holdings Inc	4,700	$	96		Assa Abloy AB	5,923	$		238
Kobe Steel Ltd	28,502		37		Nachi-Fujikoshi Corp	32,000			140
Nippon Steel & Sumitomo Metal Corp	59,824		150		NTN Corp	101,420			304
Nucor Corp	4,300		191		Precision Castparts Corp	1,627			348
Reliance Steel & Aluminum Co	8,859		583		Tenaris SA	11,835			249
SSAB AB - A Shares	43,593		302		Timken Co	9,544			542
ThyssenKrupp AG (a)	756		15				$		1,821
United States Steel Corp	941		17
		$	2,917		Mining - (0.32)%
					Alcoa Inc	85,564			727
Leisure Products & Services - (0.13)%					Compass Minerals International Inc	4,894			427
Carnival Corp	2,500		83		Dowa Holdings Co Ltd	2,000			17
Harley-Davidson Inc	1,100		60		Freeport-McMoRan Copper & Gold Inc	28,162			874
Life Time Fitness Inc (a)	6,100		304		Hecla Mining Co	17,149			66
Shimano Inc	1,100		85		Kaiser Aluminum Corp	3,266			207
WMS Industries Inc (a)	9,500		241		Norsk Hydro ASA	26,331			120
Yamaha Motor Co Ltd	17,100		265		OSAKA Titanium Technologies Co	1,000			19
		$	1,038		Stillwater Mining Co (a)	6,685			80
					Toho Titanium Co Ltd	8,300			65
Lodging - (0.09)%					Umicore SA	473			23
Las Vegas Sands Corp	8,600		498				$		2,625
Marriott International Inc/DE	3,200		134
Wynn Resorts Ltd	900		122		Miscellaneous Manufacturing - (0.26)%
		$	754		Actuant Corp	3,200			109
					Alfa Laval AB	4,631			101
Machinery - Construction & Mining - (0.16)%					Aptargroup Inc	10,927			620
Atlas Copco AB - A Shares	3,701		98		CLARCOR Inc	4,559			247
Caterpillar Inc	5,700		489		Danaher Corp	3,800			235
Hitachi Construction Machinery Co Ltd	5,600		129		Donaldson Co Inc	1,100			41
Joy Global Inc	3,700		200		Dover Corp	100			8
Komatsu Ltd	17,000		426		FUJIFILM Holdings Corp	1,400			29
Outotec OYJ	963		13		Hexcel Corp (a)	6,800			236
Terex Corp (a)	500		18
					Illinois Tool Works Inc	1,300			91
		$	1,373		Leggett & Platt Inc	3,700			118
Machinery - Diversified - (0.45)%					Nikon Corp	5,988			157
AGCO Corp	9,407		522		Siemens AG	719			76
Chart Industries Inc (a)	10,347		1,006		Textron Inc	2,000			54
Deere & Co	300		26		Trinity Industries Inc	600			24
FANUC Corp	1,300		191				$		2,146
Flowserve Corp	300		50		Office & Business Equipment - (0.07)%
FLSmidth & Co A/S	5,413		270		Canon Inc	500			17
Hexagon AB	15,232		442		Pitney Bowes Inc	24,300			357
IDEX Corp	1,100		60		Ricoh Co Ltd	19,000			220
Kubota Corp	12,000		174				$		594
MAN SE	2,282		253
Manitowoc Co Inc/The	12,500		263		Office Furnishings - (0.03)%
Nabtesco Corp	14,221		292		Interface Inc	15,421			259
Rockwell Automation Inc	200		18
Roper Industries Inc	1,200		149		Oil & Gas - (0.94)%
		$	3,716		Anadarko Petroleum Corp	2,068			181
Media - (0.49)%					Apache Corp	1,400			115
CBS Corp	6,933		343		Atwood Oceanics Inc (a)	3,000			158
Discovery Communications Inc - A Shares (a)	2,400		189		Bill Barrett Corp (a)	7,900			178
FactSet Research Systems Inc	1,100		108		Chesapeake Energy Corp	28,428			621
Gannett Co Inc	5,600		121		Cimarex Energy Co	7,390			518
Liberty Global Inc - A Shares (a)	7,478		551		Cobalt International Energy Inc (a)	1,009			26
Liberty Global Inc - B Shares (a)	2,747		189		Concho Resources Inc (a)	2,400			201
Mediaset SpA (a)	83,501		259		Continental Resources Inc/OK (a)	2,700			219
Modern Times Group AB	1,089		44		CVR Energy Inc	100			6
Schibsted ASA	290		12		Denbury Resources Inc (a)	1,600			29
Scripps Networks Interactive Inc	1,200		81		Energen Corp	4,667			253
Sirius XM Radio Inc	508,838		1,771		Enerplus Corp	4,505			70
Sky Deutschland AG (a)	48,057		320		EOG Resources Inc	1,398			180
Time Warner Inc	600		35		EQT Corp	2,600			208
		$	4,023		Forest Oil Corp (a)	3,800			17
					Gulfport Energy Corp (a)	10,710			511

See accompanying notes.

80

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Oil & Gas (continued)					Pharmaceuticals (continued)
Helmerich & Payne Inc	8,933	$	552		Theravance Inc (a)	3,347	$		117
Hess Corp	5,303		358		Tsumura & Co	3,700			106
JX Holdings Inc	400		2		VCA Antech Inc (a)	8,000			205
Marathon Oil Corp	6,519		224		ViroPharma Inc (a)	1,800			49
Murphy Oil Corp	4,916		311				$		5,773
Neste Oil OYJ	1,234		18
Occidental Petroleum Corp	5,463		503		Pipelines - (0.01)%
Penn West Petroleum Ltd	5,600		57		ONEOK Inc	2,100			95
Petrominerales Ltd	3,194		19
Pioneer Natural Resources Co	2,600		361		Publicly Traded Investment Fund - (0.53)%
QEP Resources Inc	2,100		60		iShares MSCI Emerging Markets Index Fund	107,800			4,443
Quicksilver Resources Inc (a)	6,300		14
Range Resources Corp	5,800		436
Repsol SA	3,149		72		Real Estate - (0.04)%
					CBRE Group Inc (a)	200			5
Rosetta Resources Inc (a)	4,200		197
					Forest City Enterprises Inc (a)	19,400			364
Rowan Cos PLC (a)	2,900		96
Seadrill Ltd	4,314		174				$		369
Showa Shell Sekiyu KK	5,000		40		REITS - (1.19)%
Southwestern Energy Co (a)	9,800		369		American Campus Communities Inc	4,964			203
Swift Energy Co (a)	16,380		222		Annaly Capital Management Inc	211			3
TonenGeneral Sekiyu KK	4,000		39		AvalonBay Communities Inc	4,097			543
Ultra Petroleum Corp (a)	7,200		164		DDR Corp	7,105			124
		$	7,779		Digital Realty Trust Inc	10,199			621
Oil & Gas Services - (0.61)%					Duke Realty Corp	54,865			909
Baker Hughes Inc	7,700		350		EastGroup Properties Inc	9,886			581
Cameron International Corp (a)	4,113		250		Geo Group Inc/The	1,000			35
CARBO Ceramics Inc	1,600		106		Health Care REIT Inc	22,412			1,525
Core Laboratories NV	2,400		331		Healthcare Realty Trust Inc	13,510			359
Dril-Quip Inc (a)	5,707		516		Host Hotels & Resorts Inc	60,087			1,069
FMC Technologies Inc (a)	12,935		720		LTC Properties Inc	5,766			240
Fugro NV	6,490		386		Macerich Co/The	4,565			296
Halliburton Co	7,632		319		Mid-America Apartment Communities Inc	4,152			282
Lufkin Industries Inc	4,408		389		National Retail Properties Inc	5,677			204
Oil States International Inc (a)	5,870		578		Potlatch Corp	15,393			699
Saipem SpA	1,250		33		SL Green Realty Corp	12,259			1,066
SBM Offshore NV (a)	5,397		99		Sovran Self Storage Inc	5,677			368
Schlumberger Ltd	2,400		175		Tanger Factory Outlet Centers	12,899			445
Subsea 7 SA	16,128		355		Universal Health Realty Income Trust	5,701			258
Superior Energy Services Inc (a)	17,677		472		Ventas Inc	2,496			178
Weatherford International Ltd/Switzerland (a)	5,700		77				$		10,008
		$	5,156		Retail - (2.00)%
Packaging & Containers - (0.07)%					ABC-Mart Inc	3,698			134
Rock Tenn Co	3,224		318		Abercrombie & Fitch Co	6,833			342
Sealed Air Corp	10,400		250		Advance Auto Parts Inc	5,949			485
					Ascena Retail Group Inc (a)	6,000			122
		$	568		AutoNation Inc (a)	400			19
Pharmaceuticals - (0.69)%					Bed Bath & Beyond Inc (a)	8,175			558
AbbVie Inc	9,300		397		BJ's Restaurants Inc (a)	7,989			300
Actavis Inc (a)	6,194		764		Cabela's Inc (a)	7,440			499
Allergan Inc/United States	2,100		209		CarMax Inc (a)	28,810			1,347
BioMarin Pharmaceutical Inc (a)	3,400		213		Casey's General Stores Inc	500			31
Bristol-Myers Squibb Co	14,500		667		Cash America International Inc	6,300			300
Dainippon Sumitomo Pharma Co Ltd	1,000		14		Cheesecake Factory Inc/The	2,700			108
Eisai Co Ltd	500		19		Children's Place Retail Stores Inc/The (a)	2,500			133
Hisamitsu Pharmaceutical Co Inc	1,179		58		Chipotle Mexican Grill Inc (a)	4,367			1,577
Jazz Pharmaceuticals PLC (a)	7,164		487		Cie Financiere Richemont SA	513			45
Johnson & Johnson	600		51		CST Brands Inc (a)	781			24
Mead Johnson Nutrition Co	6,607		536		Darden Restaurants Inc	1,400			72
Mylan Inc/PA (a)	8,900		271		Dick's Sporting Goods Inc	5,005			262
Onyx Pharmaceuticals Inc (a)	3,300		315		Dollar Tree Inc (a)	7,375			354
Perrigo Co	2,600		301		Don Quijote Co Ltd	2,100			95
Salix Pharmaceuticals Ltd (a)	8,200		497		DSW Inc	100			7
Sawai Pharmaceutical Co Ltd	1,200		132		Family Dollar Stores Inc	1,400			86
Stada Arzneimittel AG	8,055		352		Fast Retailing Co Ltd	700			235
Takeda Pharmaceutical Co Ltd	300		13		Hennes & Mauritz AB	2,077			71

See accompanying notes.

81

Schedule of Investments
Global Multi-Strategy Fund
May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares		Value(000	's)	COMMON STOCKS (continued)	Shares		Value	(000	's)
Retail (continued)					Software - (0.70)%
Jack in the Box Inc (a)	11,143	$	407		Adobe Systems Inc (a)	2,400	$		103
JC Penney Co Inc (a)	11,400		201		Akamai Technologies Inc (a)	12,170			561
Kohl's Corp	11,388		585		Amadeus IT Holding SA	2,235			68
K's Holdings Corp	2,885		80		ANSYS Inc (a)	4,748			354
L Brands Inc	4,700		235		athenahealth Inc (a)	1,400			119
Lawson Inc	1,200		87		Autodesk Inc (a)	4,508			170
Lululemon Athletica Inc (a)	7,800		607		Capcom Co Ltd	3,677			59
McDonald's Corp	5,522		533		Cerner Corp (a)	9,331			917
Men's Wearhouse Inc	4,000		145		Check Point Software Technologies Ltd (a)	3,700			185
MSC Industrial Direct Co Inc	8,647		715		Citrix Systems Inc (a)	400			26
Nitori Holdings Co Ltd	2,550		201		Concur Technologies Inc (a)	5,500			444
Nordstrom Inc	9,000		529		Electronic Arts Inc (a)	16,756			385
Nu Skin Enterprises Inc	4,000		235		Informatica Corp (a)	7,700			280
Penske Automotive Group Inc	4,200		135		Microsoft Corp	2,200			77
Saks Inc (a)	7,000		104		MSCI Inc (a)	15,082			532
Salvatore Ferragamo Italia SpA	7,054		221		NetSuite Inc (a)	225			20
Signet Jewelers Ltd	3,538		242		Nomura Research Institute Ltd	2,300			66
Staples Inc	39,413		591		Nuance Communications Inc (a)	26,500			503
Starbucks Corp	3,593		227		PTC Inc (a)	1,600			40
Swatch Group AG/The - BR	98		56		Quality Systems Inc	3,200			57
Target Corp	1,400		97		Salesforce.com Inc (a)	18,064			765
Tiffany & Co	13,308		1,036		Solera Holdings Inc	300			17
Tractor Supply Co	1,426		160		Take-Two Interactive Software Inc (a)	10,000			166
Ulta Salon Cosmetics & Fragrance Inc (a)	1,300		118				$		5,914
Urban Outfitters Inc (a)	9,200		386
Walgreen Co	15,779		754		Telecommunications - (0.55)%
Wendy's Co/The	9,500		56		ADTRAN Inc	19,700			456
					Aruba Networks Inc (a)	16,000			239
Williams-Sonoma Inc	8,474		457
World Fuel Services Corp	800		33		Belgacom SA	761			17
Yamada Denki Co Ltd	10,433		393		CenturyLink Inc	3,100			106
					Ciena Corp (a)	16,401			275
Yum! Brands Inc	200		13
		$	16,845		Corning Inc	42,063			647
					Crown Castle International Corp (a)	2,000			142
Semiconductors - (1.50)%					Deutsche Telekom AG	12,779			146
Advanced Micro Devices Inc (a)	216,200		865		Elisa OYJ	4,089			78
Aixtron SE NA (a)	5,185		92		Finisar Corp (a)	25,300			331
Altera Corp	5,200		173		Harris Corp	3,100			155
ASML Holding NV	6,350		526		InterDigital Inc/PA	2,100			97
ASML Holding NV - NY Reg Shares	8,421		684		IPG Photonics Corp	5,500			326
Atmel Corp (a)	36,900		290		Juniper Networks Inc (a)	13,200			234
Broadcom Corp	5,518		198		Koninklijke KPN NV	38,127			73
Cavium Inc (a)	11,600		380		Leap Wireless International Inc (a)	22,100			125
Cree Inc (a)	15,780		984		Level 3 Communications Inc (a)	1,200			26
Cypress Semiconductor Corp	6,300		71		NII Holdings Inc (a)	43,800			338
Dialog Semiconductor PLC (a)	6,755		104		Nokia OYJ (a)	16,398			55
Fairchild Semiconductor International Inc (a)	500		7		Plantronics Inc	1,000			46
Hittite Microwave Corp (a)	9,519		517		RF Micro Devices Inc (a)	17,100			94
Infineon Technologies AG	81,012		689		SBA Communications Corp (a)	600			45
Intel Corp	18,692		454		Swisscom AG	50			21
Intersil Corp	3,600		30		Telefonica SA (a)	21,372			294
KLA-Tencor Corp	8,745		492		T-Mobile US Inc (a)	350			7
Lam Research Corp (a)	22,176		1,037		Virgin Media Inc	2,523			125
MEMC Electronic Materials Inc (a)	10,100		82		Windstream Corp	6,400			51
Microchip Technology Inc	41,200		1,503				$		4,549
Micron Technology Inc (a)	49,672		580
Qualcomm Inc	13,378		849		Textiles - (0.06)%
					Mohawk Industries Inc (a)	4,261			474
Rambus Inc (a)	35,200		277
Rovi Corp (a)	4,500		116
Shinko Electric Industries Co Ltd	968		11		Toys, Games & Hobbies - (0.01)%
Silicon Laboratories Inc (a)	800		34		Nintendo Co Ltd	300			30
Skyworks Solutions Inc (a)	9,500		227		Sanrio Co Ltd	1,300			62
Texas Instruments Inc	2,100		75				$		92
Tokyo Electron Ltd	400		20
Xilinx Inc	28,091		1,142		Transportation - (0.28)%
		$	12,509		Bristow Group Inc	2,239			141
					Cargotec Oyj	4,552			138
					CH Robinson Worldwide Inc	3,400			193

See accompanying notes.

82

Schedule of Investments Global Multi-Strategy Fund May 31, 2013 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)			Shares	Value(000			's)
Transportation (continued)
Expeditors International of Washington Inc			700	$		27
Genesee & Wyoming Inc (a)			300			27
JB Hunt Transport Services Inc			900			66
Kansas City Southern			3,821			423
Kawasaki Kisen Kaisha Ltd			40,582			80
Keikyu Corp			4,000			34
Kirby Corp (a)			5,500			430
Knight Transportation Inc			15,970			274
Koninklijke Vopak NV			1,248			75
Kuehne + Nagel International AG			1,624			181
Mitsui OSK Lines Ltd			60,000			213
Nippon Yusen KK			3,000			8
PostNL NV (a)			7,047			19
Swift Transportation Co (a)			1,332			23
Tidewater Inc			1,000			55
TNT Express NV			622			5
				$		2,412
Trucking & Leasing - (0.02)%
GATX Corp			2,800			140
TOTAL COMMON STOCKS (proceeds $189,648)				$		218,335
PREFERRED STOCKS - (0.05)%			Shares	Value(000			's)
Automobile Manufacturers - (0.05)%
Volkswagen AG			1,990			432
TOTAL PREFERRED STOCKS (proceeds $404)				$		432
U.S. GOVERNMENT & GOVERNMENT			Principal
AGENCY OBLIGATIONS - (5.40)%		Amount (000's)		Value(000			's)
Federal National Mortgage Association (FNMA) - (4.62)%
2.50%, 06/01/2027		$	8,000		$	8,163
3.50%, 06/01/2028			10,000			10,519
3.50%, 06/01/2043			11,000			11,390
4.00%, 06/01/2043			1,000			1,054
4.50%, 06/01/2043			6,000			6,411
5.00%, 06/01/2043			1,000			1,078
				$		38,615
Government National Mortgage Association (GNMA) -
(0.25	)%
3.50%, 06/01/2042			2,000			2,103
U.S. Treasury - (0.53)%
2.00%, 02/15/2023			4,500			4,461
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY				$		45,179
OBLIGATIONS (proceeds $45,814)
(a) Non-Income Producing Security

See accompanying notes.

83

Schedule of Investments
Global Opportunities Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 96.95%	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value(000	's)
Aerospace & Defense - 1.19%					Food - 2.42%
Safran SA	237,065	$	12,601		Toyo Suisan Kaisha Ltd	294,000	$	9,465
					Tyson Foods Inc	650,625		16,266
Agriculture - 4.28%							$	25,731
Altria Group Inc	302,697		10,927		Forest Products & Paper - 0.84%
British American Tobacco PLC	313,458		17,224		Smurfit Kappa Group PLC	533,974		8,958
Japan Tobacco Inc	509,200		17,330
		$	45,481		Healthcare - Services - 1.95%
Automobile Manufacturers - 2.03%					HCA Holdings Inc	532,034		20,781
Toyota Motor Corp	370,200		21,605
					Home Builders - 1.82%
Automobile Parts & Equipment - 0.96%					Barratt Developments PLC (b)	2,013,895		9,716
Bridgestone Corp	313,400		10,173		Sekisui House Ltd	743,000		9,632
							$	19,348
Banks - 12.71%					Home Furnishings - 2.24%
Aozora Bank Ltd	2,316,014		6,685		Sony Corp	606,400		11,990
Banco do Brasil SA	1,217,500		14,291		Whirlpool Corp	92,221		11,782
Bank of China Ltd	24,703,000		11,635				$	23,772
Fifth Third Bancorp	702,013		12,777
JP Morgan Chase & Co	367,305		20,051		Insurance - 4.13%
Krung Thai Bank PCL (a)	13,246,400		9,687		Allstate Corp/The	296,680		14,312
					Berkshire Hathaway Inc - Class B (b)	108,072		12,328
Malayan Banking Bhd	2,823,300		9,282
Royal Bank of Canada	173,500		10,297		MMI Holdings Ltd/South Africa	2,483,911		5,860
Sumitomo Mitsui Financial Group Inc	393,400		15,531		Standard Life PLC	1,931,998		11,429
Sumitomo Mitsui Trust Holdings Inc	1,736,339		7,114				$	43,929
Swedbank AB	456,823		10,879		Internet - 1.34%
Wells Fargo & Co	169,863		6,888		Google Inc (b)	16,315		14,201
		$	135,117
Biotechnology - 2.49%					Machinery - Diversified - 0.93%
Amgen Inc	145,678		14,645		Mitsubishi Heavy Industries Ltd	1,620,000		9,916
Celgene Corp (b)	95,722		11,836
		$	26,481
					Media - 2.37%
Building Materials - 0.92%					Comcast Corp - Class A	627,958		25,212
HeidelbergCement AG	129,104		9,731
					Miscellaneous Manufacturing - 1.55%
Chemicals - 3.35%					Siemens AG	155,860		16,430
Agrium Inc	151,000		13,962
CF Industries Holdings Inc	62,615		11,957
LyondellBasell Industries NV	146,141		9,740		Oil & Gas - 3.81%
		$	35,659		Eni SpA	768,199		17,470
					Husky Energy Inc	471,900		13,332
Commercial Services - 0.18%					PTT PCL (a)	902,500		9,673
ADT Corp/The	48,032		1,950				$	40,475
					Pharmaceuticals - 11.25%
Computers - 5.00%					AbbVie Inc	236,164		10,082
Accenture PLC - Class A	274,349		22,527		Express Scripts Holding Co (b)	352,803		21,916
EMC Corp/MA	801,985		19,857		McKesson Corp	148,687		16,930
Synopsys Inc (b)	294,135		10,721		Novo Nordisk A/S	113,743		18,435
		$	53,105		Omnicare Inc	255,372		11,755
					Roche Holding AG	89,790		22,262
Diversified Financial Services - 1.57%					Shire PLC	553,903		18,231
Daiwa Securities Group Inc	1,157,000		9,464
Discover Financial Services	152,043		7,208				$	119,611
		$	16,672		Private Equity - 1.04%
					American Capital Ltd (b)	826,517		11,017
Electric - 2.38%
DTE Energy Co	141,629		9,434
Huaneng Power International Inc	5,796,000		5,911		Real Estate - 0.95%
NRG Energy Inc	389,364		9,937		Mitsui Fudosan Co Ltd	366,000		10,097
		$	25,282
Electronics - 1.48%					REITS - 3.35%
Tyco International Ltd	465,617		15,742		American Tower Corp	158,292		12,321
					RioCan Real Estate Investment Trust	509,200		13,507
					Starwood Property Trust Inc	383,925		9,740
Engineering & Construction - 1.74%							$	35,568
China Communications Construction Co Ltd	11,112,000		10,367
Obrascon Huarte Lain SA	222,670		8,172		Retail - 8.31%
		$	18,539		Costco Wholesale Corp	159,101		17,449

See accompanying notes.

84

Schedule of Investments Global Opportunities Fund May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)
Retail (continued)
CVS Caremark Corp	199,600	$	11,493
Lowe's Cos Inc	503,338		21,196
Walgreen Co	277,704		13,263
Wal-Mart Stores Inc	332,435		24,879
		$	88,280
Semiconductors - 1.83%
Elan Microelectronics Corp	2,545,000		6,473
Samsung Electronics Co Ltd	5,600		7,545
Samsung Electronics Co Ltd GDR	8,211		5,486
		$	19,504
Software - 0.87%
Oracle Corp	272,619		9,204
Telecommunications - 4.92%
Nippon Telegraph & Telephone Corp	257,900		12,719
Rogers Communications Inc	342,100		15,509
TDC A/S	1,583,722		12,383
Telekomunikasi Indonesia Persero Tbk PT	10,413,500		11,693
		$	52,304
Water - 0.75%
Guangdong Investment Ltd	9,074,000		7,941
TOTAL COMMON STOCKS		$	1,030,417
Total Investments		$	1,030,417
Other Assets in Excess of Liabilities, Net - 3.05%		$	32,440
TOTAL NET ASSETS - 100.00%		$	1,062,857

(a)	Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Board of Directors. At the end of the period, the fair value of these securities totaled $19,360 or 1.82% of net assets.
(b)	Non-Income Producing Security

Portfolio Summary (unaudited)
Country	Percent
United States	42 .76	%
Japan	14 .28	%
Canada	6.27	%
Ireland	4.68	%
United Kingdom	3.60	%
Switzerland	3.57	%
Denmark	2.89	%
China	2.63	%
Germany	2.47	%
Thailand	1.82	%
Italy	1.64	%
Brazil	1.34	%
Korea, Republic Of	1.22	%
France	1.19	%
Indonesia	1.10	%
Sweden	1.02	%
Netherlands	0.92	%
Malaysia	0.87	%
Spain	0.77	%
Hong Kong	0.75	%
Taiwan, Province Of China	0.61	%
South Africa	0.55	%
Other Assets in Excess of Liabilities, Net	3.05	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

85

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 97.53%	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Advertising - 0.36%					Automobile Parts & Equipment (continued)
Dentsu Inc	6,900	$	209		Bridgestone Corp	24,900	$		808
Hakuhodo DY Holdings Inc	890		59		Cie Generale des Etablissements Michelin	6,970			608
JCDecaux SA	2,552		66		Continental AG	4,213			551
Publicis Groupe SA	6,836		489		Denso Corp	18,600			768
WPP PLC	48,394		824		GKN PLC	62,450			280
		$	1,647		JTEKT Corp	8,500			92
					Koito Manufacturing Co Ltd	4,000			73
Aerospace & Defense - 0.95%					NGK Insulators Ltd	10,000			125
BAE Systems PLC	124,483		761		NGK Spark Plug Co Ltd	7,000			123
Cobham PLC	41,307		178		NHK Spring Co Ltd	6,100			69
European Aeronautic Defence and Space Co	17,422		1,003		NOK Corp	4,000			64
NV					Nokian Renkaat OYJ	4,296			179
Finmeccanica SpA (a)	15,499		86
					Pirelli & C. SpA	9,110			105
Meggitt PLC	30,063		242		Stanley Electric Co Ltd	5,500			100
Rolls-Royce Holdings PLC (a)	71,705		1,301
					Sumitomo Electric Industries Ltd	28,900			346
Safran SA	8,784		467		Sumitomo Rubber Industries Ltd	6,500			102
Thales SA	3,487		169		Toyoda Gosei Co Ltd	2,500			60
Zodiac Aerospace	1,307		172		Toyota Boshoku Corp	2,500			35
		$	4,379		Toyota Industries Corp	6,200			242
Agriculture - 1.58%							$		4,994
British American Tobacco PLC	74,001		4,066		Banks - 13.59%
Golden Agri-Resources Ltd	282,000		128		Aozora Bank Ltd	41,000			118
Imperial Tobacco Group PLC	37,791		1,356		Australia & New Zealand Banking Group Ltd	104,116			2,716
Japan Tobacco Inc	42,100		1,433		Banca Monte dei Paschi di Siena SpA (a)	246,057			75
Swedish Match AB	7,889		274		Banco Bilbao Vizcaya Argentaria SA	208,678			1,956
		$	7,257		Banco de Sabadell SA	107,506			202
Airlines - 0.19%					Banco Espirito Santo SA (a)	76,939			76
ANA Holdings Inc	44,000		92		Banco Popolare SC (a)	67,547			99
Cathay Pacific Airways Ltd	45,000		84		Banco Popular Espanol SA	209,317			173
Deutsche Lufthansa AG (a)	8,807		189		Banco Santander SA	403,607			2,887
International Consolidated Airlines Group SA	35,528		149		Bank Hapoalim BM (a)	40,429			187
(a)					Bank Leumi Le-Israel BM (a)	47,969			167
Japan Airlines Co Ltd	2,300		118		Bank of East Asia Ltd	47,000			183
Qantas Airways Ltd (a)	42,507		64		Bank of Kyoto Ltd/The	12,000			97
Singapore Airlines Ltd	21,000		178		Bank of Yokohama Ltd/The	46,000			225
					Bankia SA (a)	344			—
		$	874
					Banque Cantonale Vaudoise	115			60
Apparel - 0.79%					Barclays PLC	445,360			2,133
Adidas AG	8,012		871		Bendigo and Adelaide Bank Ltd	15,610			147
Asics Corp	5,700		88		BNP Paribas SA	38,414			2,248
Burberry Group PLC	16,926		370		BOC Hong Kong Holdings Ltd	141,500			470
Christian Dior SA	2,088		382		CaixaBank	42,987			155
Hugo Boss AG	944		105		Chiba Bank Ltd/The	29,000			180
LVMH Moet Hennessy Louis Vuitton SA	9,722		1,718		Chugoku Bank Ltd/The	7,000			95
Yue Yuen Industrial Holdings Ltd	28,500		83		Commerzbank AG (a)	28,332			292
		$	3,617		Commonwealth Bank of Australia	61,628			3,915
					Credit Agricole SA (a)	38,267			359
Automobile Manufacturers - 3.84%					Credit Suisse Group AG (a)	49,200			1,454
Bayerische Motoren Werke AG	12,680		1,203		Danske Bank A/S (a)	25,108			493
Daihatsu Motor Co Ltd	7,000		149
Daimler AG	34,746		2,207		DBS Group Holdings Ltd	70,000			948
Fiat Industrial SpA	32,775		377		Deutsche Bank AG	39,044			1,814
Fiat SpA (a)	33,521		263		DNB ASA	37,428			605
Fuji Heavy Industries Ltd	22,000		496		Erste Group Bank AG	8,311			267
Hino Motors Ltd	10,000		142		Fukuoka Financial Group Inc	30,000			122
Honda Motor Co Ltd	62,400		2,317		Gunma Bank Ltd/The	15,000			74
Isuzu Motors Ltd	45,000		334		Hachijuni Bank Ltd/The	16,000			82
Mazda Motor Corp (a)	103,000		396		Hang Seng Bank Ltd	29,300			470
Mitsubishi Motors Corp (a)	155,000		236		Hiroshima Bank Ltd/The	19,000			77
Nissan Motor Co Ltd	95,200		1,028		HSBC Holdings PLC	704,899			7,734
Peugeot SA (a)	8,833		78		Intesa Sanpaolo SpA	385,881			720
Renault SA	7,362		568		Intesa Sanpaolo SpA - RSP	35,712			56
Scania AB	12,255		273		Iyo Bank Ltd/The	10,000			86
Suzuki Motor Corp	14,000		341		Joyo Bank Ltd/The	24,000			119
Toyota Motor Corp	105,600		6,163		KBC Groep NV	8,783			348
					Lloyds Banking Group PLC (a)	1,616,380			1,502
Volkswagen AG	1,130		239
Volvo AB - B Shares	57,591		840		Mediobanca SpA	19,788			130
					Mitsubishi UFJ Financial Group Inc	488,000			2,832
		$	17,650		Mizrahi Tefahot Bank Ltd (a)	4,772			49
Automobile Parts & Equipment - 1.09%					Mizuho Financial Group Inc	875,300			1,667
Aisin Seiki Co Ltd	7,300		264		National Australia Bank Ltd	88,930			2,447

See accompanying notes.

86

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Banks (continued)					Chemicals - 3.30%
Natixis	35,458	$	167		Air Liquide SA	11,955	$		1,537
Nishi-Nippon City Bank Ltd/The	26,000		63		Air Water Inc	6,000			84
Nordea Bank AB	100,817		1,239		Akzo Nobel NV	9,124			584
Oversea-Chinese Banking Corp Ltd	99,000		807		Arkema SA	2,404			247
Pohjola Bank PLC	5,307		86		Asahi Kasei Corp	48,000			323
Raiffeisen Bank International AG	1,872		64		BASF SE	35,176			3,409
Resona Holdings Inc	72,200		324		Brenntag AG	1,972			300
Royal Bank of Scotland Group PLC (a)	81,370		411		Croda International PLC	5,182			193
Seven Bank Ltd	20,500		73		Daicel Corp	11,000			88
Shinsei Bank Ltd	58,000		135		Denki Kagaku Kogyo KK	18,000			60
Shizuoka Bank Ltd/The	20,000		208		EMS-Chemie Holding AG	314			93
Skandinaviska Enskilda Banken AB	54,019		562		Givaudan SA (a)	318			410
Societe Generale SA	26,894		1,073		Hitachi Chemical Co Ltd	4,000			62
Standard Chartered PLC	92,336		2,138		Incitec Pivot Ltd	62,377			172
Sumitomo Mitsui Financial Group Inc	51,400		2,029		Israel Chemicals Ltd	17,055			190
Sumitomo Mitsui Trust Holdings Inc	119,440		489		Johnson Matthey PLC	7,849			303
Suruga Bank Ltd	7,000		105		JSR Corp	6,900			134
Svenska Handelsbanken AB	19,024		818		K+S AG	6,597			278
Swedbank AB	30,963		737		Kaneka Corp	11,000			66
UBS AG (a)	139,458		2,447		Kansai Paint Co Ltd	8,000			103
UniCredit SpA	155,144		871		Koninklijke DSM NV	5,906			388
Unione di Banche Italiane SCPA	32,808		146		Kuraray Co Ltd	13,200			188
United Overseas Bank Ltd	49,000		828		Lanxess AG	3,186			236
Westpac Banking Corp	118,007		3,180		Linde AG	7,090			1,358
Wing Hang Bank Ltd	7,000		67		Lonza Group AG (a)	2,027			150
Yamaguchi Financial Group Inc	8,000		69		Mitsubishi Chemical Holdings Corp	52,000			246
		$	62,447		Mitsubishi Gas Chemical Co Inc	15,000			106
					Mitsui Chemicals Inc	33,000			74
Beverages - 2.56%					Nitto Denko Corp	6,300			374
Anheuser-Busch InBev NV	30,764		2,833		Shin-Etsu Chemical Co Ltd	15,700			984
Asahi Group Holdings Ltd	14,800		355		Showa Denko KK	54,000			82
Carlsberg A/S	4,097		389		Solvay SA	2,271			328
Coca Cola Hellenic Bottling Co SA (a)	11,892		309
					Sumitomo Chemical Co Ltd	57,000			179
Coca-Cola Amatil Ltd	21,891		269		Syngenta AG	3,567			1,391
Coca-Cola West Co Ltd	2,300		41		Taiyo Nippon Sanso Corp	9,000			62
DE Master Blenders 1753 NV (a)	19,364		304
					Ube Industries Ltd/Japan	39,000			75
Diageo PLC	95,959		2,835		Yara International ASA	7,075			316
Heineken Holding NV	3,861		228				$		15,173
Heineken NV	8,824		614
Kirin Holdings Co Ltd	33,000		537		Coal - 0.01%
Pernod-Ricard SA	8,129		976		Whitehaven Coal Ltd	17,478			37
Remy Cointreau SA	876		101
SABMiller PLC	36,670		1,845
Treasury Wine Estates Ltd	24,787		143		Commercial Services - 1.42%
					Abertis Infraestructuras SA	14,042			252
		$	11,779		Adecco SA (a)	5,074			283
Biotechnology - 0.31%					Aggreko PLC	10,276			276
CSL Ltd	19,211		1,093		Atlantia SpA	12,673			216
Novozymes A/S	9,350		324		Babcock International Group PLC	13,798			242
		$	1,417		Benesse Holdings Inc	2,600			96
					Brambles Ltd	59,603			519
Building Materials - 1.13%					Bunzl PLC	12,715			248
Asahi Glass Co Ltd	39,000		278		Bureau Veritas SA	2,121			245
Boral Ltd	29,345		127		Capita PLC	25,066			365
Cie de St-Gobain	15,254		662		Dai Nippon Printing Co Ltd	21,000			179
CRH PLC	27,810		587		Edenred	6,489			206
Daikin Industries Ltd	9,000		390		Experian PLC	38,681			711
Fletcher Building Ltd	26,226		174		G4S PLC	54,025			203
Geberit AG	1,412		351		Intertek Group PLC	6,158			299
HeidelbergCement AG	5,386		406		Park24 Co Ltd	3,700			69
Holcim Ltd (a)	8,769		680
					Randstad Holding NV	4,613			198
Imerys SA	1,292		81		Secom Co Ltd	8,000			403
James Hardie Industries PLC	16,851		159		Securitas AB	11,992			110
Lafarge SA	7,151		510		Serco Group PLC	19,090			177
LIXIL Group Corp	10,200		243		SGS SA	210			471
Rinnai Corp	1,200		95		Sodexo	3,611			307
Sika AG	82		202		Toppan Printing Co Ltd	21,000			137
Taiheiyo Cement Corp	43,000		124		Transurban Group	50,381			332
TOTO Ltd	11,000		114				$		6,544
		$	5,183
					Computers - 0.35%
					AtoS	2,106			154

See accompanying notes.

87

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Computers (continued)					Electric (continued)
Cap Gemini SA	5,886	$	287		Electric Power Development Co Ltd	4,500	$		141
Computershare Ltd	17,025		181		Electricite de France SA	9,205			209
Fujitsu Ltd	71,000		294		Enel SpA	252,089			949
Gemalto NV	3,034		255		Fortum OYJ	17,011			319
Itochu Techno-Solutions Corp	1,000		43		GDF Suez	50,803			1,036
NTT Data Corp	48		161		Hokkaido Electric Power Co Inc	7,000			92
Otsuka Corp	600		55		Hokuriku Electric Power Co	6,400			87
TDK Corp	4,700		178		Iberdrola SA	180,416			976
		$	1,608		Kansai Electric Power Co Inc/The	28,800			339
					Kyushu Electric Power Co Inc	16,300			223
Consumer Products - 0.52%					Origin Energy Ltd	41,885			534
Henkel AG & Co KGaA	4,975		404		Power Assets Holdings Ltd	53,000			466
Husqvarna AB	15,464		88		Red Electrica Corp SA	4,144			220
Reckitt Benckiser Group PLC	24,784		1,772		RWE AG	18,742			639
Societe BIC SA	1,096		117		Shikoku Electric Power Co Inc	6,400			104
		$	2,381		SP AusNet	63,950			74
Cosmetics & Personal Care - 0.65%					SSE PLC	36,704			861
Beiersdorf AG	3,860		348		Terna Rete Elettrica Nazionale SpA	50,036			222
Kao Corp	20,200		633		Tohoku Electric Power Co Inc	17,300			202
L'Oreal SA	9,311		1,570		Tokyo Electric Power Co Inc (a)	55,400			332
Shiseido Co Ltd	13,800		196		Verbund AG	2,608			54
Unicharm Corp	4,400		246				$		10,866
		$	2,993		Electrical Components & Equipment - 1.04%
Distribution & Wholesale - 1.04%					Brother Industries Ltd	9,000			103
Hitachi High-Technologies Corp	2,400		55		Casio Computer Co Ltd	8,500			76
ITOCHU Corp	57,700		715		Furukawa Electric Co Ltd	24,000			58
Jardine Cycle & Carriage Ltd	4,000		147		GS Yuasa Corp	13,000			58
Li & Fung Ltd	224,000		311		Hitachi Ltd	180,000			1,212
Marubeni Corp	63,000		435		Legrand SA	9,078			445
Mitsubishi Corp	53,800		930		Mabuchi Motor Co Ltd	900			43
Mitsui & Co Ltd	66,500		833		Mitsubishi Electric Corp	74,000			696
Sojitz Corp	47,900		83		Nidec Corp	4,200			285
Sumitomo Corp	43,100		539		Prysmian SpA	7,804			166
Toyota Tsusho Corp	8,100		214		Schneider Electric SA	20,150			1,594
Wolseley PLC	10,494		534		Ushio Inc	4,000			49
		$	4,796				$		4,785
Diversified Financial Services - 1.47%					Electronics - 1.10%
Aberdeen Asset Management PLC	34,101		240		Advantest Corp	5,700			86
Acom Co Ltd (a)	1,530		54		Hamamatsu Photonics KK	2,700			89
AEON Financial Service Co Ltd	2,500		67		Hirose Electric Co Ltd	1,100			142
ASX Ltd	6,707		239		Hoya Corp	16,700			335
Credit Saison Co Ltd	6,000		140		Ibiden Co Ltd	4,600			71
Daiwa Securities Group Inc	64,000		523		Keyence Corp	1,740			531
Deutsche Boerse AG	7,391		476		Koninklijke Philips NV	36,656			1,038
Hargreaves Lansdown PLC	9,083		132		Kyocera Corp	5,900			575
Hong Kong Exchanges and Clearing Ltd	41,800		700		Murata Manufacturing Co Ltd	7,800			589
ICAP PLC	21,034		116		NEC Corp	100,000			233
Investec PLC	20,860		146		Nippon Electric Glass Co Ltd	14,000			71
Japan Exchange Group Inc	2,000		184		Omron Corp	7,800			231
Julius Baer Group Ltd (a)	8,299		328		Rexel SA	5,728			130
London Stock Exchange Group PLC	6,749		143		Toshiba Corp	154,000			724
Macquarie Group Ltd	12,340		503		Yaskawa Electric Corp	8,000			97
Mitsubishi UFJ Lease & Finance Co Ltd	22,300		101		Yokogawa Electric Corp	7,700			92
Nomura Holdings Inc	139,100		1,055				$		5,034
Old Mutual PLC	187,378		579		Energy - Alternate Sources - 0.03%
ORIX Corp	40,100		532		Enel Green Power SpA	67,021			144
Partners Group Holding AG	665		169
Schroders PLC	4,328		155
Singapore Exchange Ltd	33,000		192		Engineering & Construction - 1.27%
		$	6,774		ABB Ltd (a)	84,217			1,843
					Acciona SA	987			61
Electric - 2.36%					ACS Actividades de Construccion y Servicios	5,423			152
AGL Energy Ltd	21,070		288		SA
Chubu Electric Power Co Inc	24,700		319		Aeroports de Paris	1,137			104
Chugoku Electric Power Co Inc/The	11,400		155		Aker Solutions ASA	6,296			93
CLP Holdings Ltd	67,500		569		Auckland International Airport Ltd	35,461			85
Contact Energy Ltd	14,101		58		Balfour Beatty PLC	26,363			92
E.ON SE	68,970		1,162		Bouygues SA	7,235			192
EDP - Energias de Portugal SA	73,093		236		Cheung Kong Infrastructure Holdings Ltd	19,000			132

See accompanying notes.

88

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Engineering & Construction (continued)					Food (continued)
Chiyoda Corp	6,000	$	65		WM Morrison Supermarkets PLC	85,853	$		357
Ferrovial SA	15,450		249		Woolworths Ltd	47,196			1,484
Fraport AG Frankfurt Airport Services	1,413		83		Yakult Honsha Co Ltd	3,700			158
Worldwide					Yamazaki Baking Co Ltd	4,000			46
Hochtief AG	1,180		82				$		24,996
JGC Corp	8,000		265
Kajima Corp	32,000		94		Food Service - 0.20%
Kinden Corp	5,000		40		Compass Group PLC	70,400			923
Koninklijke Boskalis Westminster NV	2,912		115
Leighton Holdings Ltd	5,811		96		Forest Products & Paper - 0.23%
Obayashi Corp	25,000		121		Nippon Paper Industries Co Ltd	3,800			46
SembCorp Industries Ltd	38,000		146		Oji Holdings Corp	31,000			108
Shimizu Corp	23,000		81		Stora Enso OYJ	21,108			153
Singapore Technologies Engineering Ltd	59,000		191		Svenska Cellulosa AB	22,236			553
Skanska AB	14,551		258		UPM-Kymmene OYJ	20,138			214
Taisei Corp	39,000		122				$		1,074
Vinci SA	17,656		905
WorleyParsons Ltd	7,911		155		Gas - 1.09%
		$	5,822		Centrica PLC	199,088			1,145
					Enagas SA	7,314			183
Entertainment - 0.22%					Gas Natural SDG SA	13,413			277
Genting Singapore PLC	234,000		268		Hong Kong & China Gas Co Ltd	199,647			564
OPAP SA	8,552		71		National Grid PLC	139,332			1,657
Oriental Land Co Ltd/Japan	1,900		259		Osaka Gas Co Ltd	72,000			291
Sankyo Co Ltd	1,900		83		Snam SpA	64,754			307
Tabcorp Holdings Ltd	28,111		88		Toho Gas Co Ltd	16,000			84
Tatts Group Ltd	53,050		162		Tokyo Gas Co Ltd	94,000			505
Toho Co Ltd/Tokyo	4,300		75				$		5,013
		$	1,006
					Hand & Machine Tools - 0.37%
Environmental Control - 0.02%					Fuji Electric Co Ltd	21,000			68
Kurita Water Industries Ltd	4,300		93		Makita Corp	4,300			230
					Sandvik AB	38,432			538
Food - 5.44%					Schindler Holding AG - PC	1,862			271
Ajinomoto Co Inc	25,000		344		Schindler Holding AG - REG	825			117
Aryzta AG (a)	3,340		191		SMC Corp/Japan	2,100			398
Associated British Foods PLC	13,644		374		THK Co Ltd	4,600			98
Barry Callebaut AG (a)	69		64				$		1,720
Calbee Inc	600		58		Healthcare - Products - 0.87%
Carrefour SA	23,087		676		Cochlear Ltd	2,184			134
Casino Guichard Perrachon SA	2,157		226		Coloplast A/S	4,360			249
Colruyt SA	2,904		148		Elekta AB	14,115			215
Danone SA	22,168		1,637		Essilor International SA	7,752			853
Delhaize Group SA	3,902		249		Fresenius SE & Co KGaA	4,773			565
Distribuidora Internacional de Alimentacion	23,415		183		Getinge AB	7,665			229
SA					Luxottica Group SpA	6,309			326
First Pacific Co Ltd/Hong Kong	80,000		106		QIAGEN NV (a)	9,052			168
J Sainsbury PLC	47,006		267		Shimadzu Corp	9,000			74
Jeronimo Martins SGPS SA	8,435		179		Smith & Nephew PLC	34,564			404
Kerry Group PLC	5,717		325		Sonova Holding AG (a)	1,918			211
Kesko OYJ	2,436		74		Sysmex Corp	2,800			184
Kikkoman Corp	6,000		98		Terumo Corp	5,800			285
Koninklijke Ahold NV	38,602		626		William Demant Holding A/S (a)	1,006			80
Lindt & Spruengli AG	4		170				$		3,977
Lindt & Spruengli AG - PC	33		122
MEIJI Holdings Co Ltd	2,300		101		Healthcare - Services - 0.22%
Metcash Ltd	33,729		124		Fresenius Medical Care AG & Co KGaA	8,102			550
Metro AG	4,965		168		Miraca Holdings Inc	2,100			91
Nestle SA	123,502		8,181		Ramsay Health Care Ltd	5,031			166
Nippon Meat Packers Inc	7,000		98		Sonic Healthcare Ltd	14,392			195
Nisshin Seifun Group Inc	7,000		79				$		1,002
Nissin Foods Holdings Co Ltd	2,200		85		Holding Companies - Diversified - 0.69%
Olam International Ltd	61,000		84		Exor SpA	2,455			78
Seven & I Holdings Co Ltd	28,900		982		GEA Group AG	6,835			248
Suedzucker AG	3,125		106		Groupe Bruxelles Lambert SA	3,090			244
Tate & Lyle PLC	17,853		221		Hutchison Whampoa Ltd	82,000			868
Tesco PLC	307,972		1,705		Industrivarden AB	4,509			78
Toyo Suisan Kaisha Ltd	3,000		96		Keppel Corp Ltd	55,200			457
Unilever NV - CVA	62,387		2,549		Noble Group Ltd	149,000			122
Unilever PLC	49,153		2,065		NWS Holdings Ltd	55,500			97
Wilmar International Ltd	74,000		190

See accompanying notes.

89

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Holding Companies - Diversified (continued)					Investment Companies - 0.21%
Swire Pacific Ltd	26,000	$	329		Delek Group Ltd	174	$		45
Wendel SA	1,258		139		Eurazeo	1,203			66
Wharf Holdings Ltd	58,000		513		Investment AB Kinnevik	7,881			209
		$	3,173		Investor AB	17,444			501
					Israel Corp Ltd/The (a)	88			54
Home Builders - 0.18%					Pargesa Holding SA	1,035			71
Daiwa House Industry Co Ltd	20,000		378				$		946
Sekisui Chemical Co Ltd	16,000		159
Sekisui House Ltd	21,000		272		Iron & Steel - 0.58%
		$	809		ArcelorMittal	38,268			484
					Daido Steel Co Ltd	11,000			59
Home Furnishings - 0.40%					Evraz PLC	11,279			23
Electrolux AB	9,213		248		Fortescue Metals Group Ltd	53,663			167
Matsushita Electric Industrial Co Ltd	84,600		645		Hitachi Metals Ltd	6,000			62
Sharp Corp/Japan (a)	38,000		175
					Japan Steel Works Ltd/The	12,000			76
Sony Corp	38,500		761		JFE Holdings Inc	18,800			386
		$	1,829		Kobe Steel Ltd	95,000			125
Insurance - 5.10%					Nippon Steel & Sumitomo Metal Corp	290,775			729
Admiral Group PLC	7,856		158		Salzgitter AG	1,496			57
Aegon NV	67,972		464		ThyssenKrupp AG (a)	14,778			293
Ageas	8,845		324		Voestalpine AG	4,293			142
AIA Group Ltd	461,200		2,039		Yamato Kogyo Co Ltd	1,600			49
Allianz SE	17,462		2,697				$		2,652
AMP Ltd	112,229		550		Leisure Products & Services - 0.22%
Assicurazioni Generali SpA	44,718		832		Carnival PLC	6,983			234
Aviva PLC	112,801		567		Flight Centre Ltd	2,110			79
AXA SA	67,721		1,367		Sega Sammy Holdings Inc	7,600			180
Baloise Holding AG	1,819		178		Shimano Inc	2,800			216
CNP Assurances	6,161		93		Tui Travel PLC	17,127			92
Dai-ichi Life Insurance Co Ltd/The	326		442		Yamaha Corp	6,000			64
Delta Lloyd NV	6,770		132		Yamaha Motor Co Ltd	10,700			166
Gjensidige Forsikring ASA	7,660		116				$		1,031
Hannover Rueckversicherung SE	2,309		174
ING Groep NV (a)	146,689		1,368		Lodging - 0.61%
Insurance Australia Group Ltd	79,622		430		Accor SA	5,657			202
Legal & General Group PLC	226,410		610		City Developments Ltd	19,000			161
Mapfre SA	29,485		106		Crown Ltd	15,343			187
MS&AD Insurance Group Holdings	19,400		476		Echo Entertainment Group Ltd	28,459			80
Muenchener Rueckversicherungs AG	6,868		1,281		Galaxy Entertainment Group Ltd (a)	80,000			415
NKSJ Holdings Inc	14,350		321		InterContinental Hotels Group PLC	10,304			297
Prudential PLC	97,921		1,647		MGM China Holdings Ltd	36,400			97
QBE Insurance Group Ltd	45,833		695		Sands China Ltd	92,400			488
Resolution Ltd	54,310		237		Shangri-La Asia Ltd	60,166			111
RSA Insurance Group PLC	137,516		239		SJM Holdings Ltd	74,000			201
Sampo	16,051		651		Sky City Entertainment Group Ltd	22,096			73
SCOR SE	6,250		183		Whitbread PLC	6,838			298
Sony Financial Holdings Inc	6,700		98		Wynn Macau Ltd	59,600			176
Standard Life PLC	90,305		534				$		2,786
Suncorp Group Ltd	49,274		583
Swiss Life Holding AG (a)	1,167		194		Machinery - Construction & Mining - 0.44%
Swiss Re AG	13,487		990		Atlas Copco AB - A Shares	25,717			679
T&D Holdings Inc	22,200		268		Atlas Copco AB - B Shares	14,944			352
Tokio Marine Holdings Inc	26,500		763		Hitachi Construction Machinery Co Ltd	4,100			95
Tryg A/S	939		79		Komatsu Ltd	35,800			896
Vienna Insurance Group AG Wiener	1,471		72				$		2,022
Versicherung Gruppe					Machinery - Diversified - 1.09%
Zurich Insurance Group AG (a)	5,645		1,493		Alstom SA	8,256			311
		$	23,451		Amada Co Ltd	14,000			95
Internet - 0.28%					Andritz AG	2,788			152
Dena Co Ltd	4,000		84		FANUC Corp	7,300			1,075
Gree Inc	3,600		36		Hexagon AB	9,069			263
Iliad SA	874		183		IHI Corp	51,000			187
M3 Inc	24		52		Kawasaki Heavy Industries Ltd	54,000			181
Nexon Co Ltd	4,200		44		Kone OYJ	5,963			524
Rakuten Inc	27,800		310		Kubota Corp	42,000			608
SBI Holdings Inc/Japan	8,590		107		MAN SE	1,620			179
Trend Micro Inc/Japan	4,000		122		Metso OYJ	4,894			187
United Internet AG	3,705		105		Mitsubishi Heavy Industries Ltd	116,000			710
Yahoo Japan Corp	557		252		Nabtesco Corp	3,900			80
		$	1,295		Sumitomo Heavy Industries Ltd	21,000			87

See accompanying notes.

90

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Machinery - Diversified (continued)					Office & Business Equipment (continued)
Weir Group PLC/The	8,139	$	286		Ricoh Co Ltd	24,000	$		279
Zardoya Otis SA	5,902		80				$		1,762
		$	5,005		Oil & Gas - 6.26%
Media - 0.71%					BG Group PLC	130,274			2,378
Axel Springer AG	1,516		66		BP PLC	730,115			5,218
British Sky Broadcasting Group PLC	40,678		481		Caltex Australia Ltd	5,170			110
ITV PLC	142,309		282		Cosmo Oil Co Ltd	21,000			38
Kabel Deutschland Holding AG	3,390		319		Eni SpA	97,427			2,216
Lagardere SCA	4,520		116		Galp Energia SGPS SA	10,337			169
Pearson PLC	31,290		582		Idemitsu Kosan Co Ltd	800			65
Reed Elsevier NV	26,379		432		Inpex Corp	84			358
Reed Elsevier PLC	45,969		514		Japan Petroleum Exploration Co	1,100			46
Singapore Press Holdings Ltd	62,000		209		JX Holdings Inc	86,030			418
Wolters Kluwer NV	11,562		253		Lundin Petroleum AB (a)	8,523			177
		$	3,254		Neste Oil OYJ	4,910			71
					OMV AG	5,640			260
Metal Fabrication & Hardware - 0.38%					Repsol SA	31,925			726
Assa Abloy AB	12,795		513		Royal Dutch Shell PLC - A Shares	143,162			4,765
Maruichi Steel Tube Ltd	1,800		44		Royal Dutch Shell PLC - B Shares	100,342			3,459
NSK Ltd	17,000		157		Santos Ltd	36,811			455
Sims Metal Management Ltd	6,258		57		Seadrill Ltd	13,478			545
SKF AB	15,015		364		Showa Shell Sekiyu KK	7,200			57
Tenaris SA	18,085		380		Statoil ASA	42,741			965
Vallourec SA	3,959		215		TonenGeneral Sekiyu KK	11,000			108
		$	1,730		Total SA	81,548			4,076
Mining - 3.29%					Transocean Ltd	13,765			691
Alumina Ltd (a)	96,725		94		Tullow Oil PLC	34,759			547
Anglo American PLC	53,267		1,220		Woodside Petroleum Ltd	25,243			860
Antofagasta PLC	15,102		214				$		28,778
BHP Billiton Ltd	123,000		4,016		Oil & Gas Services - 0.35%
BHP Billiton PLC	80,887		2,326		Amec PLC	11,617			180
Boliden AB	10,475		149		CGG (a)	6,080			149
Eurasian Natural Resources Corp PLC	9,864		36		Fugro NV	2,650			158
Fresnillo PLC	6,867		120		Petrofac Ltd	9,935			202
Glencore Xstrata PLC	382,759		1,861		Saipem SpA	10,140			270
Iluka Resources Ltd	16,035		169		Subsea 7 SA	10,778			237
Kazakhmys PLC	8,023		40		Technip SA	3,893			433
Mitsubishi Materials Corp	43,000		136				$		1,629
Newcrest Mining Ltd	29,332		401
Norsk Hydro ASA	35,657		162		Packaging & Containers - 0.17%
Orica Ltd	14,003		299		Amcor Ltd/Australia	46,213			436
OZ Minerals Ltd	11,622		44		Rexam PLC	30,253			242
Randgold Resources Ltd	3,347		263		Toyo Seikan Group Holdings Ltd	5,800			81
Rio Tinto Ltd	16,689		865				$		759
Rio Tinto PLC	51,342		2,193
Sumitomo Metal Mining Co Ltd	20,000		251		Pharmaceuticals - 8.60%
					Actelion Ltd (a)	4,127			246
Umicore SA	4,366		209
Vedanta Resources PLC	4,078		77		Alfresa Holdings Corp	1,600			83
		$	15,145		Astellas Pharma Inc	17,000			868
					AstraZeneca PLC	47,688			2,440
Miscellaneous Manufacturing - 1.41%					Bayer AG	31,670			3,384
Alfa Laval AB	12,851		279		Celesio AG	3,257			67
ALS Ltd/Queensland	13,041		124		Chugai Pharmaceutical Co Ltd	8,600			172
FUJIFILM Holdings Corp	17,700		365		Daiichi Sankyo Co Ltd	25,800			424
IMI PLC	12,314		240		Dainippon Sumitomo Pharma Co Ltd	6,100			84
Invensys PLC	31,221		187		Eisai Co Ltd	9,700			372
Konica Minolta Inc	18,500		132		Elan Corp PLC (a)	18,554			233
Melrose Industries PLC	46,083		183		GlaxoSmithKline PLC	188,023			4,865
Nikon Corp	13,000		341		Grifols SA	5,712			209
Olympus Corp (a)	7,600		226		Hisamitsu Pharmaceutical Co Inc	2,400			117
Orkla ASA	29,267		246		Kyowa Hakko Kirin Co Ltd	10,000			112
Siemens AG	32,053		3,379		Medipal Holdings Corp	5,600			75
Smiths Group PLC	15,053		313		Merck KGaA	2,475			392
Sulzer AG	919		154		Mitsubishi Tanabe Pharma Corp	8,600			110
Wartsila OYJ Abp	6,421		299		Novartis AG	88,095			6,310
		$	6,468		Novo Nordisk A/S	15,597			2,528
					Ono Pharmaceutical Co Ltd	3,200			223
Office & Business Equipment - 0.38%					Orion OYJ	3,714			91
Canon Inc	43,400		1,483		Otsuka Holdings Co Ltd	13,900			446
					Roche Holding AG	26,907			6,671

See accompanying notes.

91

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)	Shares Held		Value	(000	's)
Pharmaceuticals (continued)					REITS (continued)
Sanofi	45,619	$	4,864		Japan Real Estate Investment Corp	23	$		227
Santen Pharmaceutical Co Ltd	2,800		112		Japan Retail Fund Investment Corp	80			152
Shionogi & Co Ltd	11,400		213		Klepierre	3,820			164
Shire PLC	21,468		707		Land Securities Group PLC	29,860			421
Suzuken Co Ltd/Aichi Japan	2,700		86		Link REIT/The	87,500			451
Taisho Pharmaceutical Holdings Co Ltd	1,400		94		Mirvac Group	140,273			224
Takeda Pharmaceutical Co Ltd	30,200		1,339		Nippon Building Fund Inc	26			267
Teva Pharmaceutical Industries Ltd	34,330		1,315		Nomura Real Estate Office Fund Inc	11			62
Tsumura & Co	2,300		66		Segro PLC	28,419			120
UCB SA	4,213		229		Stockland	84,357			293
		$	39,547		Unibail-Rodamco SE	3,532			868
					Westfield Group	81,854			898
Pipelines - 0.04%					Westfield Retail Trust	111,119			326
APA Group	31,519		194				$		6,978
					Retail - 2.32%
Private Equity - 0.06%					ABC-Mart Inc	1,000			36
3i Group PLC	37,200		191
Ratos AB	7,338		63		Aeon Co Ltd	23,000			268
					Cie Financiere Richemont SA	19,991			1,768
		$	254		Citizen Holdings Co Ltd	10,100			58
Publicly Traded Investment Fund - 2.04%					Don Quijote Co Ltd	2,100			95
iShares MSCI EAFE Index Fund	155,701		9,354		FamilyMart Co Ltd	2,200			89
					Fast Retailing Co Ltd	2,000			673
					Harvey Norman Holdings Ltd	20,342			48
Real Estate - 1.66%					Hennes & Mauritz AB	36,361			1,244
Aeon Mall Co Ltd	2,800		73		Inditex SA	8,355			1,034
CapitaLand Ltd	98,000		267		Isetan Mitsukoshi Holdings Ltd	13,600			169
CapitaMalls Asia Ltd	52,000		79		J Front Retailing Co Ltd	18,000			124
Cheung Kong Holdings Ltd	53,000		746		Kering	2,895			629
Daito Trust Construction Co Ltd	2,800		261		Kingfisher PLC	90,747			473
Global Logistic Properties Ltd	82,000		181		Lawson Inc	2,300			167
Hang Lung Properties Ltd	86,000		301		Marks & Spencer Group PLC	61,589			436
Henderson Land Development Co Ltd	37,000		259		Marui Group Co Ltd	8,500			79
Hopewell Holdings Ltd	22,000		79		McDonald's Holdings Co Japan Ltd	2,500			70
Hulic Co Ltd	10,100		85		Next PLC	6,178			432
Hysan Development Co Ltd	24,000		106		Nitori Holdings Co Ltd	1,300			102
IMMOFINANZ AG (a)	35,633		146
					Shimamura Co Ltd	800			92
Keppel Land Ltd	30,000		88		Swatch Group AG/The - BR	1,181			673
Kerry Properties Ltd	27,500		111		Swatch Group AG/The - REG	1,663			164
Lend Lease Group	20,897		199		Takashimaya Co Ltd	10,000			93
Mitsubishi Estate Co Ltd	48,000		1,183		USS Co Ltd	840			97
Mitsui Fudosan Co Ltd	32,000		883		Wesfarmers Ltd	38,550			1,440
New World Development Co Ltd	141,000		223		Yamada Denki Co Ltd	3,330			126
Nomura Real Estate Holdings Inc	4,700		104				$		10,679
NTT Urban Development Corp	44		50
Sino Land Co Ltd	113,073		168		Semiconductors - 0.66%
Sumitomo Realty & Development Co Ltd	14,000		535		ARM Holdings PLC	52,831			774
Sun Hung Kai Properties Ltd	60,000		794		ASM Pacific Technology Ltd	7,600			90
Swire Properties Ltd	44,800		140		ASML Holding NV	12,061			998
Swiss Prime Site AG (a)	2,068		156		Infineon Technologies AG	41,376			352
Tokyu Land Corp	16,000		145		Mellanox Technologies Ltd (a)	1,370			76
UOL Group Ltd	18,000		95		Rohm Co Ltd	3,700			135
Wheelock & Co Ltd	35,000		195		STMicroelectronics NV	24,411			227
		$	7,652		Sumco Corp	4,400			53
					Tokyo Electron Ltd	6,600			325
REITS - 1.52%							$		3,030
Ascendas Real Estate Investment Trust	78,000		143
British Land Co PLC	35,889		330		Shipbuilding - 0.03%
CapitaCommercial Trust	76,000		91		SembCorp Marine Ltd	32,000			109
CapitaMall Trust	89,000		151		Yangzijiang Shipbuilding Holdings Ltd	73,000			51
CFS Retail Property Trust Group	75,827		145				$		160
Corio NV	2,579		115
Dexus Property Group	176,057		185		Software - 0.83%
Federation Centres Ltd	51,932		123		Amadeus IT Holding SA	11,999			366
Fonciere Des Regions	998		84		Dassault Systemes SA	2,385			299
Gecina SA	841		102		Konami Corp	3,800			92
Goodman Group	65,170		318		Nomura Research Institute Ltd	3,900			113
GPT Group	54,131		201		Oracle Corp Japan	1,500			59
Hammerson PLC	27,299		212		Sage Group PLC/The	46,451			256
ICADE	896		81		SAP AG	35,282			2,641
Intu Properties PLC	25,588		131				$		3,826
Japan Prime Realty Investment Corp	30		93

See accompanying notes.

92

Schedule of Investments
International Equity Index Fund
May 31, 2013 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value(000	's)	COMMON STOCKS (continued)			Shares Held		Value	(000	's)
Storage & Warehousing - 0.01%					Transportation (continued)
Mitsubishi Logistics Corp	5,000	$	68		Kamigumi Co Ltd			9,000	$		68
					Keikyu Corp			18,000			154
					Keio Corp			22,000			147
Telecommunications - 5.34%					Keisei Electric Railway Co Ltd			11,000			93
Belgacom SA	5,826		131		Kintetsu Corp			62,000			257
Bezeq The Israeli Telecommunication Corp	73,046		95
Ltd					Koninklijke Vopak NV			2,693			162
					Kuehne + Nagel International AG			2,068			231
BT Group PLC	301,691		1,373		Mitsui OSK Lines Ltd			42,000			149
Deutsche Telekom AG	107,573		1,225
Elisa OYJ	5,441		103		MTR Corp Ltd			55,500			219
					Nippon Express Co Ltd			33,000			148
Eutelsat Communications SA	5,058		157		Nippon Yusen KK			62,000			159
France Telecom SA	71,012		720
Hellenic Telecommunications Organization	9,386		82		Odakyu Electric Railway Co Ltd			24,000			233
					Orient Overseas International Ltd			8,500			53
SA (a)					TNT Express NV			12,550			97
HKT Trust / HKT Ltd	86,000		98
Inmarsat PLC	17,152		159		Tobu Railway Co Ltd			39,000			202
					Tokyu Corp			44,000			274
KDDI Corp	20,600		929		Toll Holdings Ltd			26,091			120
Koninklijke KPN NV	115,130		221
Millicom International Cellular SA	2,426		193		West Japan Railway Co			6,500			270
NICE Systems Ltd	2,227		82		Yamato Holdings Co Ltd			14,300			263
Nippon Telegraph & Telephone Corp	16,700		824						$		7,551
Nokia OYJ (a)	143,423		480		Water- 0.19	%
NTT DOCOMO Inc	585		855		Severn Trent PLC			9,127			284
PCCW Ltd	153,000		73		Suez Environnement Co			10,747			138
Portugal Telecom SGPS SA	24,034		102		United Utilities Group PLC			26,115			298
SES SA	11,636		344		Veolia Environnement SA			12,997			162
Singapore Telecommunications Ltd	305,000		902						$		882
Softbank Corp	36,300		1,814		TOTAL COMMON STOCKS				$		448,306
StarHub Ltd	23,000		73		PREFERRED STOCKS - 0.59%			Shares Held		Value	(000	's)
Swisscom AG	893		381
TDC A/S	25,276		198		Automobile Manufacturers - 0.40%
Tele2 AB (a)	12,171		152		Bayerische Motoren Werke AG			2,052			143
Tele2 AB - B shares (a),(b)	13,813		58		Porsche Automobil Holding SE			5,864			483
Telecom Corp of New Zealand Ltd	70,663		129		Volkswagen AG			5,539			1,203
Telecom Italia SpA	359,683		278						$		1,829
Telecom Italia SpA - RSP	230,786		143		Consumer Products - 0.14%
Telefonaktiebolaget LM Ericsson	116,551		1,369		Henkel AG & Co KGaA			6,823			657
Telefonica SA (a)	156,864		2,158
Telekom Austria AG	8,483		58
Telenet Group Holding NV	1,961		91		Electric - 0.01%
Telenor ASA	26,884		566		RWE AG			1,494			49
TeliaSonera AB	82,916		554
Telstra Corp Ltd	166,789		754		Media- 0.04	%
Vivendi SA	50,688		992		ProSiebenSat.1 Media AG			3,980			158
Vodafone Group PLC	1,883,611		5,459
Ziggo NV	4,596		167		TOTAL PREFERRED STOCKS				$		2,693
		$	24,542					Maturity
Textiles - 0.10%					REPURCHASE AGREEMENTS - 1.42%			Amount (000's)		Value	(000	's)
Teijin Ltd	36,000		81		Banks- 1.42	%
Toray Industries Inc	56,000		383		Investment in Joint Trading Account; Credit		$	1,052	$		1,052
		$	464		Suisse Repurchase Agreement; 0.06%
Toys, Games & Hobbies - 0.13%					dated 05/31/2013 maturing 06/03/2013
Namco Bandai Holdings Inc	6,800		110		(collateralized by US Government
Nintendo Co Ltd	4,100		405		Securities; $1,073,380; 4.25% - 6.13%;
Sanrio Co Ltd	1,700		81		dated 11/15/27 - 11/15/39)
		$	596		Investment in Joint Trading Account; Deutsche			2,631			2,631
					Bank Repurchase Agreement; 0.07% dated
Transportation - 1.64%					05/31/2013 maturing 06/03/2013
AP Moeller - Maersk A/S - A shares	21		144		(collateralized by US Government
AP Moeller - Maersk A/S - B shares	51		364		Securities; $2,683,449; 0.00% - 7.25%;
Asciano Ltd	37,355		179		dated 06/07/13 - 05/15/30)
Aurizon Holdings Ltd	69,575		284		Investment in Joint Trading Account; JP			1,625			1,625
Central Japan Railway Co	5,500		606		Morgan Repurchase Agreement; 0.07%
ComfortDelGro Corp Ltd	72,000		108		dated 05/31/2013 maturing 06/03/2013
Deutsche Post AG	34,727		875		(collateralized by US Government
DSV A/S	7,200		173		Securities; $1,657,425; 0.00% - 10.35%;
East Japan Railway Co	12,900		955		dated 06/03/13 - 11/23/35)
Groupe Eurotunnel SA	21,469		173
Hankyu Hanshin Holdings Inc	44,000		234
Hutchison Port Holdings Trust	200,000		157
See accompanying notes.					93

Schedule of Investments International Equity Index Fund May 31, 2013 (unaudited)
REPURCHASE AGREEMENTS	Maturity
(continued)	Amount (000's)			Value(000	's)
Banks (continued)
Investment in Joint Trading Account; Merrill	$	1,238	$	1,238
Lynch Repurchase Agreement; 0.05%
dated 05/31/2013 maturing 06/03/2013
(collateralized by US Government
Securities; $1,262,800; 0.13% - 5.38%;
dated 04/30/15 - 02/15/31)
			$	6,546
TOTAL REPURCHASE AGREEMENTS			$	6,546
Total Investments			$	457,545
Other Assets in Excess of Liabilities, Net - 0.46%			$	2,097
TOTAL NET ASSETS - 100.00%			$	459,642

(a)	Non-Income Producing Security
(b)	Security is Illiquid

Portfolio Summary (unaudited)
Country		Percent
Japan		20 .36	%
United Kingdom		18 .54	%
Switzerland		9.26	%
France		9.08	%
Germany		8.36	%
Australia		7.86	%
Netherlands		4.34	%
United States		3.47	%
Sweden		3.06	%
Hong Kong		2.80	%
Spain		2.73	%
Italy		1.99	%
Singapore		1.62	%
Belgium		1.11	%
Denmark		1.09	%
Finland		0.74	%
Norway		0.65	%
Ireland		0.59	%
Israel		0.49	%
Luxembourg		0.31	%
Austria		0.26	%
Macao		0.17	%
Portugal		0.17	%
Bermuda		0.12	%
New Zealand		0.12	%
Greece		0.10	%
Jersey, Channel Islands		0.06	%
Guernsey		0.05	%
Mexico		0.03	%
China		0.01	%
Other Assets in Excess of Liabilities, Net		0.46	%
TOTAL NET ASSETS		100.00	%
Futures Contracts
Type	Long/Short	Contracts		Notional Value		Fair Value		Unrealized Appreciation/(Depreciation)
eMini MSCI EAFE; June 2013	Long	54		$	4,515	$	4,561	$	46
Total								$	46
Amounts in thousands except contracts

See accompanying notes.

94

Schedule of Investments
Opportunistic Municipal Fund
May 31, 2013 (unaudited)
	INVESTMENT COMPANIES - 4.34%			Shares Held		Value(000	's)				Principal
	Publicly Traded Investment Fund - 4.34%							MUNICIPAL BONDS (continued)			Amount (000's)		Value	(000	's)
	Market Vectors High Yield Municipal Index			23,031	$	761		Louisiana - 4.00%
	ETF							Louisiana Local Government Environmental
	SPDR Nuveen S&P High Yield Municipal			6,040		352		Facilities & Community Development
	Bond ETF							Authority
					$	1,113		3.75%, 12/1/2026		$	500	$		486
	TOTAL INVESTMENT COMPANIES				$	1,113		Port New Orleans Board of Commissioners
				Principal				5.00%, 4/1/2030			500			539
	BONDS- 1.32	%		Amount (000's)		Value(000	's)					$		1,025
	U.S. Municipals - 1.32%							Maryland - 3.57%
	Oglala Sioux Tribe							Maryland Economic Development Corp
	5.00%, 10/1/2022(a)		$	350	$	338		5.38%, 6/1/2025			390			442
								Maryland Health & Higher Educational
	TOTAL BONDS				$	338		Facilities Authority
				Principal				4.00%, 8/15/2038			500			474
	MUNICIPAL BONDS - 101.94%			Amount (000's)		Value(000	's)					$		916
	Alabama - 1.67%							Missouri - 1.12%
	Alabama Industrial Development Authority							St Louis County Industrial Development
	6.45%, 12/1/2023		$	150	$	151		Authority
	Phenix City Industrial Development Board							5.00%, 9/1/2042			300			288
	4.13%, 5/15/2035			300		276
					$	427		New Jersey - 1.72%
	California - 37.04%							New Jersey Economic Development
	California Educational Facilities Authority							Authority
	5.00%, 10/1/2038(b)			900		1,018		5.00%, 6/15/2029			405			442
	5.00%, 1/1/2039(b)			1,724		1,887
	Coachella Valley Unified School							New York - 7.72%
	District/CA (credit support from AGM)							Brooklyn Arena Local Development Corp
	0.00%, 8/1/2039(c)			2,500		641		6.25%, 7/15/2040			480			557
	La Verne Public Financing Authority							New York Liberty Development Corp
	7.25%, 9/1/2026			700		701		5.25%, 10/1/2035			1,020			1,186
	Los Alamitos Unified School District (credit							New York State Dormitory Authority
	support from AGM)							3.75%, 9/1/2032			250			236
	0.00%, 8/1/2025(c)			500		288
	0.00%, 8/1/2027(c)			500		255						$		1,979
	Lynwood Unified School District/CA (credit							Oregon - 2.22%
	support from AGM)							Warm Springs Reservation Confederated
	5.00%, 8/1/2038			750		818		Tribe
	Morongo Band of Mission Indians/The							6.38%, 11/1/2033			500			570
	6.50%, 3/1/2028(d)			825		927
	San Diego Community College District							Pennsylvania - 6.17%
	5.25%, 8/1/2033(b)			1,050		1,244
								Allegheny County Industrial Development
	University of California							Authority
	5.25%, 5/15/2039(b)			1,500		1,719
								6.00%, 7/15/2038			400			389
					$	9,498		City of Scranton PA
	District of Columbia - 2.41%							7.25%, 9/1/2023			400			384
	District of Columbia							8.50%, 9/1/2022			300			305
	5.00%, 10/1/2045			600		619		Pennsylvania Economic Development
								Financing Authority
								6.00%, 6/1/2031			500			502
	Florida - 1.95%											$		1,580
	Orange County Housing Finance Authority
	7.00%, 10/1/2025			500		501		Texas- 6.69	%
								Texas Municipal Gas Acquisition & Supply
								Corp III
	Georgia - 2.38%							5.00%, 12/15/2032			1,000			1,058
	City of Atlanta GA							Texas Private Activity Bond Surface
	7.38%, 1/1/2031			500		610		Transportation Corp
								6.88%, 12/31/2039			550			655
	Indiana - 3.97%											$		1,713
	Indiana Finance Authority							Vermont - 1.99%
	5.00%, 7/1/2048			500		512		Vermont Student Assistance Corp
	5.75%, 8/1/2042			500		506		5.10%, 6/15/2032			500			510
					$	1,018
	Iowa- 3.69	%						Virginia - 8.07%
	Iowa Finance Authority							Fairfax County Industrial Development
	4.75%, 8/1/2042			1,000		946		Authority
								5.00%, 5/15/2035(b)			300			336

See accompanying notes.

95

Schedule of Investments Opportunistic Municipal Fund May 31, 2013 (unaudited)
	Principal
MUNICIPAL BONDS (continued)	Amount (000's)					Value(000	's)
Virginia (continued)
Fairfax County Industrial Development
Authority (continued)
5.00%, 5/15/2040(b)	$		599		$	663
Virginia Small Business Financing Authority
5.50%, 1/1/2042			1,000			1,069
					$	2,068
Washington - 2.92%
Port of Seattle Industrial Development Corp
5.00%, 4/1/2030			250			256
Tacoma Consolidated Local Improvement
Districts
5.75%, 4/1/2043			500			492
					$	748
Wisconsin - 2.64%
Public Finance Authority
6.00%, 7/15/2042			665			677
TOTAL MUNICIPAL BONDS					$	26,135
Total Investments					$	27,586
Liability for Floating Rate Notes Issued in Conjunction with
Securities Held - (15.79)%
Notes with an interest rate of 0.14% at May 31,		$	(4,048	)	$	(4,048	)
2013 and contractual maturity of collateral
from 2017-2020.(e)
Total Net Investments					$	23,538
Other Assets in Excess of Liabilities, Net - 8.19%					$	2,101
TOTAL NET ASSETS - 100.00%					$	25,639

(a)	Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Board of Directors. At the end of the period, the fair value of these securities totaled $338 or 1.32% of net assets.
(b)	Security or portion of underlying security related to Inverse Floaters entered into by the Fund. See Notes to Financial Statements for additional information.
(c)	Non-Income Producing Security
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Unless otherwise indicated, these securities are not considered illiquid. At the end of the period, the value of these securities totaled $927 or 3.62% of net assets.
(e)	Floating rate securities. The interest rate(s) shown reflect the rates in effect at May 31, 2013

Portfolio Summary (unaudited)
Sector	Percent
Revenue Bonds	80 .08	%
Insured	7.81	%
General Obligation Unlimited	7.54	%
Exchange Traded Funds	4.34	%
Tax Allocation	2.38	%
Prerefunded	2.22	%
Special Assessment	1.92	%
Government	1.31	%
Liability For Floating Rate Notes Issued	(15.79	)%
Other Assets in Excess of Liabilities, Net	8.19	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

96

Schedule of Investments
Preferred Securities Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 0.04%	Shares Held		Value(000	's)	PREFERRED STOCKS (continued)	Shares Held		Value(000	's)
Publicly Traded Investment Fund - 0.04%					Diversified Financial Services (continued)
BlackRock Credit Allocation Income Trust	161,513	$	2,209		Citigroup Capital XIII	272,299	$	7,649
John Hancock Preferred Income Fund III	6,800		129		Citigroup Capital XVI	115,016		2,922
		$	2,338		Citigroup Capital XVII	9,000		228
TOTAL COMMON STOCKS		$	2,338		Corporate-Backed Trust Certificates 6.00%;	153,810		3,861
CONVERTIBLE PREFERRED STOCKS -					Series GS
0.86%	Shares Held		Value(000	's)	Corporate-Backed Trust Certificates 6.25%;	4,798		127
					Series BMY
Banks - 0.79%					Corporate-Backed Trust Certificates 6.30%;	5,236		134
Bank of America Corp	21,362		25,378		Series GS
Wells Fargo & Co	14,993		18,816		General Electric Capital Corp 4.70% (b)	82,300		2,045
		$	44,194		General Electric Capital Corp 4.88%	272,022		6,844
REITS - 0.07%					General Electric Capital Corp 4.88%	566,743		14,072
CommonWealth REIT 6.50%; Series D	177,767		4,254		Merrill Lynch Capital Trust I	331,100		8,383
					Merrill Lynch Capital Trust II	135,041		3,425
TOTAL CONVERTIBLE PREFERRED STOCKS		$	48,448		Merrill Lynch Preferred Capital Trust III	5,800		148
PREFERRED STOCKS - 40.15%	Shares Held		Value(000	's)	Merrill Lynch Preferred Capital Trust IV	91,500		2,341
					Merrill Lynch Preferred Capital Trust V	138,850		3,539
Banks - 11.25%					Morgan Stanley Capital Trust III	350,590		8,817
BAC Capital Trust VIII	130,900		3,287		Morgan Stanley Capital Trust IV	513,971		13,060
Bank of America Corp 6.38%; Series 3	26,378		666		Morgan Stanley Capital Trust V	422,449		10,768
Bank of America Corp 6.63%; Series I	203,384		5,650		Morgan Stanley Capital Trust VI	329,981		8,335
Bank of New York Mellon Corp/The	159,200		4,037		Morgan Stanley Capital Trust VII	204,653		5,169
Barclays Bank PLC 7.10%	1,020,235		25,608		Morgan Stanley Capital Trust VIII	97,460		2,467
Barclays Bank PLC 7.75%	644,829		16,366		PreferredPlus TR-CCR1 5.75%; Series GSG2	17,800		450
Barclays Bank PLC 8.13%	288,639		7,331		PreferredPlus TR-CCR1 6.00%; Series GSC3	59,200		1,493
Capital One Financial Corp	573,401		14,547		PreferredPlus TR-CCR1 6.00%; Series GSC4	41,600		1,061
City National Corp/CA	219,000		5,440		SATURNS 2004-04	85,076		2,140
COBANK ACB 11.00%; Series C (a)	202,000		10,422				$	171,992
COBANK ACB 11.00%; Series D	115,000		6,397
Countrywide Capital V	218,131		5,512		Electric - 3.42%
Countrywide Financial Corp	681,848		17,271		Alabama Power Co	89,000		2,514
Cullen/Frost Bankers Inc	299,700		7,495		Dominion Resources Inc/VA	1,167,035		31,347
Deutsche Bank Capital Funding Trust IX	16,450		418		DTE Energy Co 5.25%	326,300		8,255
Deutsche Bank Capital Funding Trust VIII	397,803		10,025		Duke Energy Corp	425,148		10,595
Deutsche Bank Capital Funding Trust X	349,285		9,036		Entergy Arkansas Inc 4.90%	269,966		6,687
Deutsche Bank Contingent Capital Trust II	2,235,612		59,132		Entergy Arkansas Inc 5.75%	34,863		899
					Entergy Louisiana LLC (b)	555,100		13,406
Deutsche Bank Contingent Capital Trust III	529,600		14,310
Deutsche Bank Contingent Capital Trust V	22,500		643		Entergy Louisiana LLC 5.28%	248,100		6,282
FirstMerit Corp	331,400		8,365		Entergy Louisiana LLC 6.00%	3,369		89
HSBC Holdings PLC 6.20%	1,072,070		27,038		Entergy Mississippi Inc	17,012		451
HSBC Holdings PLC 8.00%	568,600		15,864		Entergy New Orleans Inc	9,500		237
HSBC USA Inc	830,771		42,054		Entergy Texas Inc	942,097		25,154
HSBC USA Inc 6.50%	2,086,315		52,888		Georgia Power Co 6.50%	77,300		8,612
HSBC USA Inc - Series D	1,152,572		29,241		Georgia Power Co 8.20%	160,072		4,176
JP Morgan Chase & Co	235,016		5,934		Gulf Power Co 6.00%	60,914		6,109
JP Morgan Chase Capital XXIX	213,800		5,770		Gulf Power Co 6.45%	4,600		493
Lloyds Banking Group PLC	130,471		3,601		Interstate Power & Light Co	482,400		12,272
M&T Bank Corp - Series A	10,400		10,910		NextEra Energy Capital Holdings Inc	510,093		12,319
M&T Bank Corp - Series C	7,100		7,448		NextEra Energy Capital Holdings Inc - Series F	459,970		11,982
M&T Capital Trust IV	377,056		9,785
Morgan Stanley	104,100		2,423		NextEra Energy Capital Holdings Inc - Series G	310,000		7,796
PNC Financial Services Group Inc/The	1,641,862		44,757
Royal Bank of Scotland Group PLC 5.75%;	591,134		13,963		NextEra Energy Capital Holdings Inc - Series H	177,585		4,488
Series L
Royal Bank of Scotland Group PLC 6.75%;	7,600		186		NextEra Energy Capital Holdings Inc - Series I	671,456		16,290
Series Q					SCANA Corp	20,135		544
Santander Finance Preferred SAU	746,486		20,670				$	190,997
State Street Corp	1,446,400		35,986		Hand & Machine Tools - 0.50%
TCF Financial Corp	229,023		6,243		Stanley Black & Decker Inc	1,070,850		27,767
US Bancorp/MN - Series A	6,703		6,276
US Bancorp/MN - Series G	2,090,100		56,015
		$	629,010		Insurance - 9.71%
					Aegon NV 4.00%	66,900		1,666
Diversified Financial Services - 3.08%					Aegon NV 6.38%	975,042		25,449
Affiliated Managers Group Inc 5.25%	77,887		1,985		Aegon NV 6.50%	247,358		6,179
Affiliated Managers Group Inc 6.38%	5,000		129		Aegon NV 8.00%	63,317		1,804
Ameriprise Financial Inc	1,140,265		31,346		Aflac Inc	1,128,600		28,350
Charles Schwab Corp/The	12,535		322		Allianz SE	1,026,282		25,593
Citigroup Capital IX	462,679		11,632		Allstate Corp/The	540,300		14,075
Citigroup Capital X	340,281		8,599		American Financial Group Inc/OH 5.75%	434,828		11,153
Citigroup Capital XI	335,869		8,501		Arch Capital Group Ltd	376,600		10,341

See accompanying notes.

97

Schedule of Investments
Preferred Securities Fund
May 31, 2013 (unaudited)
PREFERRED STOCKS (continued)	Shares Held		Value(000	's)	PREFERRED STOCKS (continued)			Shares Held		Value(000			's)
Insurance (continued)					REITS (continued)
Aspen Insurance Holdings Ltd (b)	936,500	$	24,958		Vornado Realty Trust - Series I			103,392		$		2,624
Aspen Insurance Holdings Ltd 7.25%	143,802		3,920		Vornado Realty Trust - Series J			174,963				4,776
Axis Capital Holdings Ltd	2,072,850		56,278		Vornado Realty Trust - Series K			917,000				23,273
Axis Capital Holdings Ltd (b)	175,210		4,231		Vornado Realty Trust - Series L			420,525				10,303
Delphi Financial Group Inc 7.38%	527,604		13,223		Wachovia Corp 7.25%			435,356				12,142
Hartford Financial Services Group Inc	1,016,436		31,103		Weingarten Realty Investors 6.50%			803,368				20,293
ING Groep NV 6.13%	69,848		1,754		Weingarten Realty Investors 8.10%			1,744,376				38,568
ING Groep NV 6.20%	30,250		760							$		421,854
ING Groep NV 6.38%	849,100		21,075
ING Groep NV 7.05%	1,019,994		25,663		Savings & Loans - 0.41%
					Astoria Financial Corp (b)			108,000				2,702
ING Groep NV 7.20%	166,345		4,187
ING Groep NV 7.38%	862,200		21,848		First Niagara Financial Group Inc			704,500				20,241
ING Groep NV 8.50%	50,340		1,290							$		22,943
PartnerRe Ltd 6.50%	182,872		4,619		Sovereign - 0.53%
PartnerRe Ltd 7.25%	11,415		314		Farm Credit Bank of Texas			23,800				29,876
PLC Capital Trust V	250,879		6,340
Protective Life Corp 6.00%	20,009		506
Protective Life Corp 6.25%	336,151		8,582		Telecommunications - 3.48%
					Centaur Funding Corp 9.08% (a),(c)			57,203				73,238
Prudential Financial Inc	450,524		11,254		Qwest Corp (b)			882,300				22,190
Prudential PLC 6.50%	96,449		2,472
Prudential PLC 6.75%	170,992		4,357		Qwest Corp 7.00%			520,255				13,631
Reinsurance Group of America Inc	577,300		15,506		Qwest Corp 7.00%			253,178				6,608
RenaissanceRe Holdings Ltd (b)	719,805		17,635		Qwest Corp 7.38%			372,908				10,031
RenaissanceRe Holdings Ltd - Series C	242,277		6,084		Qwest Corp 7.50%			954,111				25,828
RenaissanceRe Holdings Ltd - Series D	325,363		8,160		Telephone & Data Systems Inc 6.63%			296,682				7,565
Torchmark Corp	472,900		12,083		Telephone & Data Systems Inc 7.00%			1,210,015				32,065
WR Berkley Corp (b)	1,338,656		33,667		United States Cellular Corp			125,584				3,297
XLIT Ltd	88,144		76,107							$		194,453
		$	542,586		TOTAL PREFERRED STOCKS				$	2,243,749
								Principal
Media - 0.22%					BONDS- 55.52	%		Amount (000's)		Value(000			's)
Comcast Corp	489,466		12,271
					Banks- 20.23	%
					Abbey National Capital Trust I
REITS - 7.55%					8.96%, 12/31/2049		$	14,438			$	17,658
Boston Properties Inc	9,289		232		BAC Capital Trust XIII
CommonWealth REIT 7.50%	285,455		6,149		4.00%, 12/29/2049(d)			34,064				29,976
Digital Realty Trust Inc - Series E	590,135		15,320		Banco do Brasil SA/Cayman
Digital Realty Trust Inc - Series G	74,567		1,834		6.25%, 12/29/2049(a),(d)			15,000				14,512
Duke Realty Corp 6.50%	283,473		7,138		Barclays Bank PLC
Duke Realty Corp 6.60%	81,400		2,064		5.93%, 12/31/2049(a),(d)			3,410				3,512
Duke Realty Corp 6.63%	261,100		6,606		6.28%, 12/29/2049			14,300				14,196
Health Care REIT Inc	617,185		16,386		6.86%, 9/29/2049(a),(d)			19,602				21,072
Hospitality Properties Trust 7.00%; Series C	41,367		1,051		7.43%, 9/29/2049(a),(d)			10,001				10,951
Hospitality Properties Trust 7.13%; Series D	408,113		10,652		BNP Paribas SA
Kimco Realty Corp 5.50%	706,043		17,863		5.19%, 6/29/2049(a),(d)			11,020				10,813
Kimco Realty Corp 5.63%	450,895		11,367		7.20%, 6/29/2049(a)			3,800				4,042
Kimco Realty Corp 6.00%	668,300		17,382		BPCE SA
Kimco Realty Corp 6.90%	341,085		9,063		2.22%, 7/29/2049(d)			6,000				3,812
National Retail Properties Inc	455,621		11,810		6.75%, 1/29/2049			11,500				11,270
Prologis Inc - Series Q	128,700		8,603		CBA Capital Trust II
PS Business Parks Inc	380,000		9,458		6.02%, 3/29/2049(a)			3,400				3,567
PS Business Parks Inc - Series R	130,211		3,478		Citigroup Inc
PS Business Parks Inc - Series S	46,415		1,207		5.35%, 5/29/2049(d)			33,400				32,983
PS Business Parks Inc - Series T	79,059		1,990		5.90%, 2/15/2023			200				208
PS Business Parks Inc - Series U	510,634		12,740		5.95%, 12/29/2049			17,000				17,765
Public Storage	20,700		517		8.40%, 4/29/2049			5,000				5,750
Public Storage Inc 5.20%; Series W	150,404		3,739		Claudius Ltd for Credit Suisse
Public Storage Inc 5.38%; Series V	147,112		3,682		7.88%, 6/29/2049			5,892				6,381
Public Storage Inc 5.75%; Series T	442,900		11,338		8.25%, 6/29/2049			7,000				7,228
Public Storage Inc 5.90%; Series S	56,300		1,460		Cooperatieve Centrale Raiffeisen-
Public Storage Inc 6.35%; Series R	746,444		19,676		Boerenleenbank BA/Netherlands
Public Storage Inc 6.50%; Series Q	7,688		207		11.00%, 12/29/2049(a),(d)			56,107				75,183
Public Storage Inc 6.88%; Series O	3,701		101		Countrywide Capital III
Realty Income Corp - Series D	281,309		7,286		8.05%, 6/15/2027			6,312				7,906
Realty Income Corp - Series F	853,083		22,393		Credit Agricole SA
Regency Centers Corp 6.00%	441,029		11,158		8.38%, 10/13/2049(a),(d)			13,000				14,511
Regency Centers Corp 6.63%	230,854		6,104		9.75%, 6/29/2049			8,592				9,150
Senior Housing Properties Trust	115,931		2,889		9.75%, 12/26/2049			3,000				3,195
Ventas Realty LP / Ventas Capital Corp	294,237		7,409		Credit Suisse Group Guernsey I Ltd
Vornado Realty LP	1,445,611		39,523		7.88%, 2/24/2041(d)			18,900				20,270

See accompanying notes.

98

Schedule of Investments
Preferred Securities Fund
May 31, 2013 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's)		Value(000	's)	BONDS (continued)		Amount (000's) Value (000's)
Banks (continued)						Banks (continued)
Danske Bank A/S						Societe Generale SA
7.13%, 9/21/2037(d)	$	12,700	$	13,252		1.03%, 12/29/2049(a),(d)	$	5,750	$	4,686
Den Norske Creditbank						5.92%, 4/29/2049(a),(d)		57,852		56,695
0.61%, 8/29/2049(d)		6,150		3,413		8.75%, 10/29/2049		26,112		27,646
0.62%, 11/29/2049(d)		8,940		4,917		Standard Chartered Bank
Dresdner Funding Trust I						9.50%, 6/29/2049(d)		15,364		16,785
8.15%, 6/30/2031(a)		14,040		14,953		Standard Chartered PLC
Fifth Third Capital Trust IV						0.56%, 7/29/2049(d)		2,000		1,152
6.50%, 4/15/2067(d)		28,815		28,887		7.01%, 7/29/2049(a)		18,850		20,523
First Empire Capital Trust I						State Street Capital Trust IV
8.23%, 2/1/2027		13,750		13,650		1.28%, 6/1/2077(d)		600		505
First Empire Capital Trust II						UBS Preferred Funding Trust V
8.28%, 6/1/2027		4,500		4,579		6.24%, 5/29/2049		22,532		23,659
First Hawaiian Capital I						Wachovia Capital Trust III
8.34%, 7/1/2027		8,410		8,587		5.57%, 3/29/2049(d)		29,775		29,812
First Union Capital II								$		1,130,818
7.95%, 11/15/2029		3,700		4,394
Goldman Sachs Capital II						Chemicals - 0.41%
4.00%, 6/1/2043(d)		4,000		3,460		Sinochem Group
						5.00%, 11/2/2049(a),(d)		23,450		22,952
HBOS Capital Funding LP
6.85%, 3/29/2049		8,916		8,649
HSBC Bank PLC						Diversified Financial Services - 7.90%
0.75%, 6/29/2049(d)		5,000		2,950		Ageas Hybrid Financing SA
0.75%, 9/29/2049(d)		5,000		2,969		8.25%, 12/29/2049		27,822		28,003
HSBC Capital Funding LP/Jersey						American Express Co
4.61%, 12/29/2049(a),(d)		27,649		27,651		6.80%, 9/1/2066(d)		9,094		9,935
10.18%, 12/31/2049(a),(d)		25,000		37,125		Charles Schwab Corp/The
HSBC USA Capital Trust I						7.00%, 2/28/2049(d)		26,600		31,080
7.81%, 12/15/2026(a)		300		298		Citigroup Capital III
HSBC USA Capital Trust III						7.63%, 12/1/2036		2,700		3,389
7.75%, 11/15/2026		7,200		7,319		General Electric Capital Corp
JP Morgan Chase & Co						6.25%, 12/15/2049(d)		59,725		66,145
7.90%, 4/29/2049(d)		46,260		54,009		6.38%, 11/15/2067(d)		10,615		11,318
JP Morgan Chase Capital XXI						7.13%, 12/15/2049(d)		58,200		68,094
1.22%, 2/2/2037(d)		8,131		6,505		Glen Meadow Pass-Through Trust
JP Morgan Chase Capital XXIII						6.51%, 2/12/2067(a),(d)		10,785		10,421
1.28%, 5/15/2077(d)		500		395		Goldman Sachs Capital I
KeyCorp Capital III						6.35%, 2/15/2034		173,132		177,978
7.75%, 7/15/2029		3,500		3,954		HSBC Finance Capital Trust IX
LBG Capital No.1 PLC						5.91%, 11/30/2035		10,200		10,430
7.88%, 11/1/2020(a)		31,146		34,261		Macquarie PMI LLC
8.00%, 12/29/2049(a),(d)		2,645		2,785		8.38%, 12/29/2049		3,000		3,180
LBG Capital No.2 PLC						ZFS Finance USA Trust V
7.88%, 3/19/2020		7,000		7,700		6.50%, 5/9/2067(a)		19,683		21,455
Lloyds Banking Group PLC								$		441,428
5.92%, 9/29/2049(a),(d)		25,162		20,633
6.27%, 11/29/2049(a),(d)		15,400		12,782		Electric - 3.03%
6.41%, 9/29/2049(a)		36,620		34,789		Dominion Resources Inc/VA
6.66%, 1/29/2049(a)		27,140		25,851		2.58%, 9/30/2066(d)		22,950		21,679
M&T Bank Corp						Electricite de France SA
6.88%, 12/29/2049(a)		66,100		69,110		5.25%, 12/29/2049(a),(d)		58,510		58,729
National Capital Trust II						Integrys Energy Group Inc
5.49%, 12/29/2049(a),(d)		5,600		5,705		6.11%, 12/1/2066(d)		582		617
Natixis						NextEra Energy Capital Holdings Inc
10.00%, 4/30/2049(d)		16,200		18,306		6.35%, 10/1/2066(d)		4,000		4,240
Nordea Bank AB						6.65%, 6/15/2067(d)		3,000		3,225
5.42%, 12/29/2049 (a)		4,000		4,115		7.30%, 9/1/2067(d)		27,255		30,934
8.38%, 9/29/2049		13,427		14,699		PPL Capital Funding Inc
						6.70%, 3/30/2067(d)		22,325		23,776
PNC Financial Services Group Inc/The
6.75%, 7/29/2049(d)		26,900		30,834		RWE AG
						7.00%, 10/12/2072(d)		1,716		1,901
PNC Preferred Funding Trust I
1.93%, 3/29/2049(a),(d)		4,700		4,089		SSE PLC
						5.63%, 9/29/2049(d)		23,300		24,116
Rabobank Capital Funding Trust III
5.25%, 12/31/2049(a),(d)		40,714		41,376				$		169,217
RBS Capital Trust IV						Holding Companies - Diversified - 0.24%
1.08%, 9/29/2049(d)		6,500		5,005
						Hutchison Whampoa International 12 Ltd
Royal Bank of Scotland Group PLC						6.00%, 5/29/2049(a),(d)		12,500		13,375
7.65%, 8/29/2049(d)		18,560		19,488

See accompanying notes.

99

Schedule of Investments
Preferred Securities Fund
May 31, 2013 (unaudited)
		Principal							Principal
BONDS (continued)		Amount (000's)		Value(000	's)	BONDS (continued)		Amount (000's)		Value (000's)
Insurance - 21.64%						Insurance (continued)
ACE Capital Trust II						Swiss Re Capital I LP
9.70%, 4/1/2030	$	5,490	$	7,976			6.85%, 5/29/2049(a),(d)	$	42,620	$	45,732
Aegon NV						ZFS Finance USA Trust II
2.05%, 7/29/2049(d)		31,648		22,090			6.45%, 12/15/2065(a),(d)		82,950		90,415
Allstate Corp/The										$	1,209,273
6.13%, 5/15/2037(d)		11,759		12,973
6.50%, 5/15/2067		12,505		14,099		Miscellaneous Manufacturing - 0.34%
American General Capital II						GE Capital Trust I
8.50%, 7/1/2030		25,200		34,449			6.38%, 11/15/2067		18,008		19,133
American General Institutional Capital A
7.57%, 12/1/2045(a)		16,825		20,884		Pipelines - 0.80%
AXA SA						DCP Midstream LLC
2.11%, 8/6/2049(d)		15,200		10,051			5.85%, 5/21/2043(a),(d)		12,820		12,852
6.38%, 12/29/2049(a),(d)		41,868		42,287		TransCanada PipeLines Ltd
8.60%, 12/15/2030		13,565		17,490			6.35%, 5/15/2067(d)		29,663		31,747
Catlin Insurance Co Ltd										$	44,599
7.25%, 7/29/2049(a)		79,971		83,570
Dai-ichi Life Insurance Co Ltd/The						Sovereign - 0.37%
7.25%, 12/31/2049(a),(e)		16,650		19,023		Svensk Exportkredit AB
							6.38%, 10/29/2049(a),(f)		21,000		20,895
Everest Reinsurance Holdings Inc
6.60%, 5/15/2037(d)		30,420		31,485
Great-West Life & Annuity Insurance Capital						Transportation - 0.56%
LP						BNSF Funding Trust I
6.63%, 11/15/2034(a)		7,000		7,551			6.61%, 12/15/2055(d)		27,260		31,253
Great-West Life & Annuity Insurance Capital
LP II						TOTAL BONDS				$	3,102,943
7.15%, 5/16/2046(a),(d)		8,750		9,275
									Maturity
ING Capital Funding Trust III						REPURCHASE AGREEMENTS - 2.46%		Amount (000's)		Value (000's)
3.88%, 12/31/2049(d)		7,000		6,860
ING US Inc						Banks - 2.46%
5.65%, 5/15/2053(a),(d)		20,700		20,803		Investment in Joint Trading Account; Credit		$	22,068	$	22,068
Liberty Mutual Group Inc							Suisse Repurchase Agreement; 0.06%
7.00%, 3/15/2037(a),(d)		27,688		28,934			dated 5/31/2013 maturing 6/3/2013
7.80%, 3/7/2087(a)		30,378		36,302			(collateralized by US Government
Lincoln National Corp							Securities; $22,509,344; 4.25% - 6.13%;
6.05%, 4/20/2067(d)		27,905		28,463			dated 11/15/27 - 11/15/39)
7.00%, 5/17/2066(d)		12,775		13,286		Investment in Joint Trading Account; Deutsche			55,170		55,170
MetLife Capital Trust IV							Bank Repurchase Agreement; 0.07% dated
7.88%, 12/15/2067(a)		19,200		24,240			5/31/2013 maturing 6/3/2013
MetLife Capital Trust X							(collateralized by US Government
9.25%, 4/8/2068(a)		27,375		38,736			Securities; $56,273,360; 0.00% - 7.25%;
Mitsui Sumitomo Insurance Co Ltd							dated 06/07/13 - 05/15/30)
7.00%, 3/15/2072(a)		24,900		28,299		Investment in Joint Trading Account; JP			34,076		34,076
MMI Capital Trust I							Morgan Repurchase Agreement; 0.07%
7.63%, 12/15/2027		1,073		1,336			dated 5/31/2013 maturing 6/3/2013
Nationwide Financial Services Inc							(collateralized by US Government
6.75%, 5/15/2067		68,095		73,372			Securities; $34,757,075; 0.00% - 10.35%;
Oil Insurance Ltd							dated 06/03/13 - 11/23/35)
3.27%, 12/29/2049(a),(d)		10,000		8,389		Investment in Joint Trading Account; Merrill			25,962		25,962
Provident Financing Trust I							Lynch Repurchase Agreement; 0.05%
7.41%, 3/15/2038		8,750		9,997			dated 5/31/2013 maturing 6/3/2013
Prudential Financial Inc							(collateralized by US Government
5.63%, 6/15/2043(d)		129,600		136,728			Securities; $26,481,581; 0.13% - 5.38%;
5.88%, 9/15/2042(d)		11,675		12,624			dated 04/30/15 - 02/15/31)
Prudential PLC										$	137,276
6.50%, 6/29/2049		42,448		42,448		TOTAL REPURCHASE AGREEMENTS				$	137,276
7.75%, 12/29/2049		4,800		5,256		Total Investments				$	5,534,754
11.75%, 12/29/2049(d)		10,885		12,338		Other Assets in Excess of Liabilities, Net - 0.97%				$	53,995
QBE Capital Funding II LP						TOTAL NET ASSETS - 100.00%				$	5,588,749
6.80%, 6/29/2049(a),(d)		27,315		27,750
QBE Capital Funding III Ltd
7.25%, 5/24/2041(a),(d)		84,895		91,474		(a)	Security exempt from registration under Rule 144A of the Securities Act of
Reinsurance Group of America Inc							1933. These securities may be resold in transactions exempt from
6.75%, 12/15/2065(d)		22,450		23,180			registration, normally to qualified institutional buyers. Unless otherwise
Sirius International Group Ltd							indicated, these securities are not considered illiquid. At the end of the
7.51%, 5/29/2049(a),(d)		1,175		1,249			period, the value of these securities totaled $1,512,701 or 27.07% of net
Sompo Japan Insurance Inc							assets.
5.33%, 3/28/2073(a),(d)		68,200		67,859		(b)	Non-Income Producing Security
						(c)	Affiliated Security
						(d)	Variable Rate. Rate shown is in effect at May 31, 2013.

See accompanying notes.

100

Schedule of Investments
Preferred Securities Fund
May 31, 2013 (unaudited)
(e)	Security is Illiquid
(f)	Fair value of these investments is determined in good faith by the
	Manager under procedures established and periodically reviewed by the
	Board of Directors. At the end of the period, the fair value of these
	securities totaled $20,895 or 0.37% of net assets.
	Portfolio Summary (unaudited)
Sector					Percent
Financial					85 .09	%
Utilities					6.45	%
Communications					3.70	%
Industrial					1.40	%
Government					0.90	%
Energy					0.80	%
Basic Materials					0.41	%
Diversified					0.24	%
Exchange Traded Funds					0.04	%
Other Assets in Excess of Liabilities, Net					0.97	%
TOTAL NET ASSETS				100.00		%
Affiliated Securities		August 31, 2012 Shares		August 31, 2012 Cost	Purchases Shares		Purchases Cost		Sales Shares	Sales Proceeds		May 31, 2013 Shares	May 31, 2013 Cost
Centaur Funding Corp 9.08%		54,403	$	59,224	2,800		$	3,493	—	$	—	57,203	$	62,717
		$		59,224			$	3,493		$	–		$	62,717
		Income					Realized Gain/Loss on Investments				Realized Gain from Capital Gain Distributions
Centaur Funding Corp 9.08%		$		3,832	$				—	$				—
		$		3,832	$				—	$				—
Amounts in thousands except shares

See accompanying notes.

101

Schedule of Investments
Small-MidCap Dividend Income Fund
May 31, 2013 (unaudited)
COMMON STOCKS - 94.44%	Shares Held	Value (000's)		COMMON STOCKS (continued)	Shares Held		Value(000	's)
Automobile Manufacturers - 1.75%				Healthcare - Products - 1.92%
New Flyer Industries Inc	780,728	$	7,689	Meridian Bioscience Inc	84,906	$	1,835
				Teleflex Inc	84,047		6,583
Automobile Parts & Equipment - 1.88%						$	8,418
Autoliv Inc	105,361		8,267	Healthcare - Services - 0.39%
				CML HealthCare Inc	233,840		1,716
Banks - 7.35%
City Holding Co	76,368		3,026	Housewares - 0.73%
Community Trust Bancorp Inc	136,678		4,808	Newell Rubbermaid Inc	118,027		3,191
First Financial Bancorp	136,882		2,109
FirstMerit Corp	370,039		6,983
PacWest Bancorp	177,971		5,131	Insurance - 6.63%
Sterling Bancorp/NY	277,191		3,312	Fidelity National Financial Inc	252,605		6,646
TrustCo Bank Corp NY	336,804		1,883	HCC Insurance Holdings Inc	112,587		4,824
Washington Trust Bancorp Inc	181,118		5,050	OneBeacon Insurance Group Ltd	218,002		3,100
		$	32,302	PartnerRe Ltd	62,501		5,666
				Protective Life Corp	119,729		4,631
Chemicals - 6.56%				Validus Holdings Ltd	118,407		4,276
Cabot Corp	129,035		5,282			$	29,143
Canexus Corp	740,437		6,528
Huntsman Corp	296,182		5,761	Investment Companies - 1.11%
Rockwood Holdings Inc	81,314		5,420	Ares Capital Corp	285,139		4,893
RPM International Inc	175,424		5,812
		$	28,803	Machinery - Diversified - 2.64%
				Applied Industrial Technologies Inc	91,989		4,422
Coal - 1.78%				IDEX Corp	130,626		7,191
Alliance Resource Partners LP	108,021		7,808			$	11,613
Commercial Services - 1.95%				Media - 1.94%
Landauer Inc	60,160		3,199	Sinclair Broadcast Group Inc	314,500		8,501
McGrath RentCorp	162,967		5,383
		$	8,582	Mining - 0.71%
Computers - 0.83%				IAMGOLD Corp	593,562		3,134
MTS Systems Corp	60,236		3,636
				Miscellaneous Manufacturing - 1.33%
Consumer Products - 2.52%				Crane Co	97,610		5,832
Kimberly-Clark de Mexico SAB de CV ADR	242,182		4,122
Tupperware Brands Corp	85,990		6,963	Oil & Gas - 7.48%
		$	11,085	BreitBurn Energy Partners LP	238,078		4,411
				Calumet Specialty Products Partners LP	135,274		4,620
Diversified Financial Services - 0.87%				HollyFrontier Corp	85,819		4,248
Fly Leasing Ltd ADR	236,539		3,804	Pengrowth Energy Corp	1,331,354		6,793
				Suburban Propane Partners LP	113,146		5,345
Electric - 3.28%				Vermilion Energy Inc	103,134		5,197
Alliant Energy Corp	59,464		2,929	Zargon Oil & Gas Ltd	388,152		2,265
Great Plains Energy Inc	69,143		1,561			$	32,879
Pepco Holdings Inc	158,333		3,289
PNM Resources Inc	169,421		3,798	Packaging & Containers - 1.04%
SCANA Corp	56,284		2,839	Packaging Corp of America	92,953		4,555
		$	14,416
				Pipelines - 1.88%
Electrical Components & Equipment - 2.81%				Atlas Pipeline Partners LP	185,492		6,902
Hubbell Inc	61,498		6,176	ONEOK Inc	29,584		1,336
Molex Inc	210,074		6,164			$	8,238
		$	12,340
				Private Equity - 1.60%
Electronics - 1.90%				Hercules Technology Growth Capital Inc	525,275		7,039
Garmin Ltd	239,421		8,363
				REITS - 12.56%
Food - 0.81%				Agree Realty Corp	138,446		4,614
B&G Foods Inc	123,151		3,544	American Capital Agency Corp	103,117		2,661
				CapLease Inc	494,236		4,260
Gas - 0.66%				Capstead Mortgage Corp	486,746		5,977
Vectren Corp	84,981		2,918	Colony Financial Inc	202,798		4,492
				CYS Investments Inc	677,913		6,969
				Digital Realty Trust Inc	90,995		5,543
Hand & Machine Tools - 2.97%				EastGroup Properties Inc	30,320		1,782
Lincoln Electric Holdings Inc	99,236		5,934	EPR Properties	96,775		5,073
Snap-on Inc	78,035		7,108	Hatteras Financial Corp	174,868		4,515
		$	13,042

See accompanying notes.

102

Schedule of Investments
Small-MidCap Dividend Income Fund
May 31, 2013 (unaudited)
	COMMON STOCKS (continued)		Shares Held		Value (000's)
							Portfolio Summary (unaudited)
	REITS (continued)						Sector	Percent
	Medical Properties Trust Inc			165,966	$	2,463	Financial	35 .38	%
	Omega Healthcare Investors Inc			209,995		6,806	Industrial	13 .93	%
					$	55,155	Energy	11 .15	%
	Retail - 0.81%						Consumer, Non-cyclical	7.59	%
	Guess? Inc			111,437		3,541	Basic Materials	7.27	%
							Consumer, Cyclical	7.04	%
							Technology	6.78	%
	Semiconductors - 4.82%						Communications	6.62	%
	Cypress Semiconductor Corp			463,308		5,207	Utilities	3.94	%
	Maxim Integrated Products Inc			249,846		7,368	Other Assets in Excess of Liabilities, Net	0.30	%
	Microchip Technology Inc			188,263		6,868	TOTAL NET ASSETS	100.00	%
	MKS Instruments Inc			61,587		1,734
					$	21,177
	Software - 1.13%
	Computer Programs & Systems Inc			99,012		4,958
	Telecommunications - 4.68%
	Consolidated Communications Holdings Inc			427,619		7,278
	Harris Corp			153,983		7,719
	Windstream Corp			692,656		5,562
					$	20,559
	Toys, Games & Hobbies - 1.88%
	Hasbro Inc			185,176		8,237
	Trucking & Leasing - 1.24%
	TAL International Group Inc			128,835		5,445
	TOTAL COMMON STOCKS				$	414,823
	CONVERTIBLE PREFERRED STOCKS -
	0.43	%	Shares Held		Value (000's)
	REITS- 0.43	%
	Alexandria Real Estate Equities Inc			67,829		1,910
	TOTAL CONVERTIBLE PREFERRED STOCKS				$	1,910
				Maturity
	REPURCHASE AGREEMENTS - 4.83%		Amount (000's)		Value (000's)
	Banks- 4.83	%
	Investment in Joint Trading Account; Credit		$	3,409	$	3,409
	Suisse Repurchase Agreement; 0.06%
	dated 5/31/2013 maturing 6/3/2013
	(collateralized by US Government
	Securities; $3,477,552; 4.25% - 6.13%;
	dated 11/15/27 - 11/15/39)
	Investment in Joint Trading Account; Deutsche			8,523		8,523
	Bank Repurchase Agreement; 0.07% dated
	5/31/2013 maturing 6/3/2013
	(collateralized by US Government
	Securities; $8,693,886; 0.00% - 7.25%;
	dated 06/07/13 - 05/15/30)
	Investment in Joint Trading Account; JP			5,264		5,265
	Morgan Repurchase Agreement; 0.07%
	dated 5/31/2013 maturing 6/3/2013
	(collateralized by US Government
	Securities; $5,369,752; 0.00% - 10.35%;
	dated 06/03/13 - 11/23/35)
	Investment in Joint Trading Account; Merrill			4,011		4,011
	Lynch Repurchase Agreement; 0.05%
	dated 5/31/2013 maturing 6/3/2013
	(collateralized by US Government
	Securities; $4,091,242; 0.13% - 5.38%;
	dated 04/30/15 - 02/15/31)
					$	21,208
	TOTAL REPURCHASE AGREEMENTS				$	21,208
	Total Investments				$	437,941
	Other Assets in Excess of Liabilities, Net - 0.30%				$	1,318
	TOTAL NET ASSETS - 100.00%				$	439,259

See accompanying notes.

103

		Glossary to the Schedules of Investments
		May 31, 2013 (unaudited)
Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
CNY	Chinese Renminbi
EUR	Euro
GBP	British Pound Sterling
INR	Indian Rupee
JPY	Japanese Yen
MXN	Mexican Peso
NZD	New Zealand Dollar
RUB	Russian Rouble
USD/$	United States Dollar
UYU	Uruguayan Peso

See accompanying notes.

104

At May 31, 2013, the net federal income tax unrealized appreciation (depreciation) and federal tax cost of investments held by the Funds were as follows (amounts in thousands):

		Unrealized		Unrealized			Net Unrealized Appreciation		Cost for federal income tax
		Appreciation		(Depreciation)			(Depreciation)		purposes
Blue Chip Fund	$	1,324	$	(203	)	$	1,121		$	12,518
Bond Market Index Fund		30,544		(14,701	)		15,843			1,951,399
Diversified Real Asset Fund		99,408		(46,868	)		52,540			1,677,166
Global Multi-Strategy Fund		72,011		(16,275	)		55,736			765,022
Global Opportunities Fund		24,325		(31,093	)		(6,768	)		1,037,185
International Equity Index Fund		63,070		(19,088	)		43,982			413,563
Opportunistic Municipal Fund		711		(255	)		456			23,085
Preferred Securities Fund		549,827		(16,270	)		533,557			4,995,805
Small-MidCap Dividend Income Fund		80,700		(11,574	)		69,126			368,815

Security Valuation

Blue Chip Fund, Bond Market Index Fund, Diversified Real Asset Fund, Global Multi-Strategy Fund, Global Opportunities Fund, International Equity Index Fund, Opportunistic Municipal Fund, Preferred Securities Fund, and Small-MidCap Dividend Income Fund (known as the “Funds”) value securities for which market quotations are readily available at market value, which is determined using the last reported sale price. If no sales are reported, as is regularly the case for some securities traded over-the-counter, securities are valued using the last reported bid price or an evaluated bid price provided by a pricing service. Pricing services use modeling techniques that incorporate security characteristics, market conditions and dealer-supplied valuations to determine an evaluated bid price. When reliable market quotations are not considered to be readily available, which may be the case, for example, with respect to restricted securities, certain debt securities, preferred stocks, and foreign securities, the investments are valued at their fair value as determined in good faith by Principal Management Corporation (“the Manager”) under procedures established and periodically reviewed by the Fund’s Board of Directors.

The value of foreign securities used in computing the net asset value per share is generally determined as of the close of the foreign exchange where the security is principally traded. Events that occur after the close of the applicable foreign market or exchange but prior to the calculation of the Funds’ net asset values are reflected in the Funds’ net asset values and these securities are valued at fair value as determined in good faith by the Manager under procedures established and periodically reviewed by the Fund’s Board of Directors. Many factors are reviewed in the course of making a good faith determination of a security’s fair value, including, but not limited to, price movements in ADRs, futures contracts, industry indices, general indices, and foreign currencies.

To the extent the Funds invest in foreign securities listed on foreign exchanges which trade on days on which the Funds do not determine net asset values, for example weekends and other customary national U.S. holidays, the Funds’ net asset values could be significantly affected on days when shareholders cannot purchase or redeem shares.

Certain securities issued by companies in emerging market countries may have more than one quoted valuation at any given point in time, sometimes referred to as a “local” price and a “premium” price. The premium price is often a negotiated price, which may not consistently represent a price at which a specific transaction can be effected. It is the policy of the Funds to value such securities at prices at which it is expected those shares may be sold, and the Manager or any sub-advisor is authorized to make such determinations subject to such oversight by the Fund’s Board of Directors as may occasionally be necessary.

Fair value is defined as the price that the Funds would receive upon selling a security in a timely transaction to an independent buyer in the principal or most advantageous market of the security at the measurement date. In determining fair value, the Funds use various valuation approaches, including market, income and/or cost approaches. A hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.

Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Funds. Unobservable inputs are inputs that reflect the Funds own estimates about the estimates market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – Quoted prices are available in active markets for identical securities as of the reporting date. The type of securities included in Level 1 includes listed equities and listed derivatives.

Level 2 – Other significant observable inputs (including quoted prices for similar investments, interest rates, prepayments speeds, credit risk, etc.) Investments which are generally included in this category include corporate bonds, senior floating rate interests, and municipal bonds.

Level 3 – Significant unobservable inputs (including the Funds’ assumptions in determining the fair value of investments.) Investments which are generally included in this category include certain corporate bonds and certain mortgage backed securities.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the market place, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Funds in determining fair value is greatest for instruments categorized in Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Fair value is a market based measure considered from the perspective of a market participant who holds the asset rather than an entity specific measure. Therefore, even when market assumptions are not readily available, the Fund’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Funds use prices and inputs that are current as of the measurement date.

Investments which are generally included in the Level 3 category are primarily valued using quoted prices from brokers and dealers participating in the market for these investments. These investments are classified as Level 3 investments due to the lack of market transparency and market corroboration to support these quoted prices. Valuation models may be used as the pricing source for other investments classified as Level 3. Valuation models rely on one or more significant unobservable inputs such as prepayment rates, probability of default, or loss severity in the event of default. Significant increases in any of those inputs in isolation would result in a significantly lower fair value measurement. Below is a table which provides quantitative information about the significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy:

Fund	Asset Type	Fair Value at 05/31/13 (in thousands)		Valuation Technique	Unobservable Input	Input Value
Opportunistic Municipal				Indicative Market
Bond Fund	Bonds	$	337	Quotations	Broker Quote	96.38

The fair values of these entities are dependent on economic, political and other considerations. The values of the underlying investee entities may be affected by significant changes in the economic conditions, changes in government policies, and other factors (e.g., natural disasters, accidents, conflicts, etc.).

Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Fund’s Board of Directors. The Manager has established a Valuation Committee of senior officers and employees, with the responsibility of overseeing the pricing and valuation of all securities, including securities where market quotations are not readily available. The Valuation Committee meets monthly and reports directly to the Board of Directors. The Pricing Group who reports to the Valuation Committee relies on the established Pricing Policies to determine fair valuation. Included in the Pricing Policies is an overview of the approved valuation technique established for each asset class. The Pricing Group will consider all appropriate information when determining fair valuation.

The Pricing Group relies on externally provided valuation inputs to determine the value of Level 3 securities. Security values are updated as new information becomes available. Valuation data and changes in valuation amounts are reviewed on a daily basis based on specified criteria for the security, asset class, and other factors. In addition, valuation data is periodically compared to actual transactions executed by the Funds (i.e., purchases/sales) and differences between transaction prices and prior period valuation data are investigated based on specified tolerances.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those instruments.

The beginning of the period timing recognition is being adopted for the transfers between levels of each Fund’s assets and liabilities. During the period, there were no significant transfers into or out of Level 3, except as noted in the Level 3 roll forward. The table below includes the amounts that were transferred from Level 1 to Level 2 at May 31, 2013 due to movement from close to bid prices received for preferred securities:

Fund
Global Multi-Strategy Fund	$	75,869
Preferred Securities Fund	$	14,615,198

The table below includes the amounts that were transferred from Level 2 to Level 1 at May 31, 2013 due to movement from bid to close prices received for preferred securities:

Fund
Global Multi-Strategy Fund	$	770,161
Preferred Securities Fund	$	42,383,305
Small-MidCap Dividend Income Fund	$	1,630,567

In addition, for the Global Multi-Strategy Fund, $142,535 was transferred from Level 1 to Level 2 due to trading being halted pending completion of a corporate action.

The following is a summary of the inputs used as of May 31, 2013 in valuing the Funds' securities carried at value (amounts shown in thousands):

Fund	Level 1 - Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Totals (Level 1,2,3)
Blue Chip Fund
Common Stocks*	$	13,639		$	—		$	—	$	13,639
Total investments in securities $		13,639		$	—		$	—	$	13,639
Bond Market Index Fund
Bonds	$	—		$	597,101		$	642	$	597,743
Municipal Bonds		—			18,002			—		18,002
Repurchase Agreements		—			179,171			—		179,171
U.S. Government & Government Agency Obligations		—			1,172,326			—		1,172,326
Total investments in securities $		—		$	1,966,600		$	642	$	1,967,242
Diversified Real Asset Fund
Bonds	$	—		$	147,520		$	—	$	147,520
Commodity Indexed Structured Notes		—			89,850			—		89,850
Common Stocks
Basic Materials		20,822			2,791			—		23,613
Communications		23,943			2,465			—		26,408
Consumer, Cyclical		—			1,281			—		1,281
Consumer, Non-cyclical		940			8,331			—		9,271
Diversified		—			1,843			—		1,843
Energy		399,989			2,862			—		402,851
Financial		73,458			44,171			—		117,629
Industrial		19,943			20,990			—		40,933
Utilities		56,185			59,241			—		115,426
Repurchase Agreements		—			29,040			—		29,040
Senior Floating Rate Interests		—			340,750			—		340,750
U.S. Government & Government Agency Obligations		—			382,543			—		382,543
Purchased Interest Rate Swaptions		—			748			—		748
Total investments in securities $		595,280		$	1,134,426		$	—	$	1,729,706
Assets
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	16		$	—	$	16
Interest Rate Contracts**
Futures	$	95		$	—		$	—	$	95
Interest Rate Swaps	$	—		$	340		$	—	$	340
Liabilities
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	(47	)	$	—	$	(47	)
Interest Rate Contracts**
Futures	$	(241	)	$	—		$	—	$	(241	)
Interest Rate Swaps	$	—		$	(61	)	$	—	$	(61	)
Interest Rate Swaptions	$	—		$	(725	)	$	—	$	(725	)

Fund	Level 1 - Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Totals (Level 1,2,3)
Global Multi-Strategy Fund
Bonds	$	—		$	198,673		$	3,108	$	201,781
Commercial Paper		—			299			—		299
Common Stocks
Basic Materials		16,227			6,814			—		23,041
Communications		40,954			5,006			—		45,960
Consumer, Cyclical		52,728			14,615			—		67,343
Consumer, Non-cyclical		72,120			17,604			—		89,724
Diversified		118			196			—		314
Energy		30,111			4,343			—		34,454
Financial		64,400			9,940			—		74,340
Industrial		49,090			16,651			—		65,741
Technology		45,135			5,625			—		50,760
Utilities		7,074			2,063			—		9,137
Convertible Bonds		—			40,355			573		40,928
Convertible Preferred Stocks
Basic Materials		513			—			—		513
Consumer, Cyclical		325			—			—		325
Energy		—			109			—		109
Financial		1,075			27			—		1,102
Utilities		125			83			—		208
Municipal Bonds		—			3,403			—		3,403
Preferred Stocks
Basic Materials		—			86			—		86
Communications		—			205			—		205
Consumer, Cyclical		—			247			—		247
Consumer, Non-cyclical		—			82			—		82
Energy		—			329			—		329
Financial		1,962			1,047			—		3,009
Utilities		—			18			—		18
Repurchase Agreements		—			12,747			—		12,747
Senior Floating Rate Interests		—			21,512			—		21,512
U.S. Government & Government Agency Obligations		—			69,859			—		69,859
Purchased Credit Default Swaptions		—			12			—		12
Purchased Interest Rate Swaptions		—			2			—		2
Purchased Options		3,076			92			—		3,168
Total investments in securities $		385,033		$	432,044		$	3,681	$	820,758
Assets
Credit Contracts**
Credit Default Swaps	$	—		$	491		$	—	$	491
Exchange Cleared Credit Default Swaps	$	—		$	46		$	—	$	46
Equity Contracts**
Futures	$	1,565		$	—		$	—	$	1,565
Total Return Swaps	$	—		$	22		$	—	$	22
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	5,947		$	—	$	5,947
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps	$	—		$	290		$	—	$	290
Futures	$	399		$	—		$	—	$	399
Interest Rate Swaps	$	—		$	282		$	—	$	282
Total Return Equity Basket Swaps	$	—		$	638		$	—	$	638
Total Return Swaps	$	—		$	130		$	—	$	130
Liabilities
Credit Contracts**
Credit Default Swaps	$	—		$	(884	)	$	—	$	(884	)
Credit Default Swaptions	$	—		$	(13	)	$	—	$	(13	)
Exchange Cleared Credit Default Swaps	$	—		$	(115	)	$	—	$	(115	)
Equity Contracts**
Futures	$	(3,490	)	$	—		$	—	$	(3,490	)
Options	$	(2,455	)	$	—		$	—	$	(2,455	)
Total Return Swaps	$	—		$	(147	)	$	—	$	(147	)
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	(5,144	)	$	—	$	(5,144	)
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps	$	—		$	(134	)	$	—	$	(134	)
Futures	$	(312	)	$	—		$	—	$	(312	)
Interest Rate Swaps	$	—		$	(219	)	$	—	$	(219	)
Interest Rate Swaptions	$	—		$	(140	)	$	—	$	(140	)
Total Return Swaps	$	—		$	(77	)	$	—	$	(77	)

Fund		Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Totals (Level 1,2,3)
Global Multi-Strategy Fund (continued)
Short Sales
Common Stocks
Basic Materials	$	(7,931	)	$	(3,551	)	$	—	$	(11,482	)
Communications		(15,135	)		(2,556	)		—		(17,691	)
Consumer, Cyclical		(31,617	)		(4,937	)		—		(36,554	)
Consumer, Non-cyclical		(36,889	)		(3,537	)		—		(40,426	)
Diversified		(773	)		—			—		(773	)
Energy		(12,955	)		(1,218	)		—		(14,173	)
Exchange Traded Funds		(4,442	)		—			—		(4,442	)
Financial		(32,224	)		(1,777	)		—		(34,001	)
Industrial		(17,415	)		(9,658	)		—		(27,073	)
Technology		(23,321	)		(2,194	)		—		(25,515	)
Utilities		(5,251	)		(954	)		—		(6,205	)
Preferred Stocks
Consumer, Cyclical		—			(432	)		—		(432	)
U.S. Government & Government Agency Obligations		—			(45,179	)		—		(45,179	)
Global Opportunities Fund
Common Stocks
Basic Materials	$	35,659		$	8,958		$	—	$	44,617
Communications		54,922			36,795			—		91,717
Consumer, Cyclical		100,062			63,116			—		163,178
Consumer, Non-cyclical		137,088			102,947			—		240,035
Energy		13,332			27,143			—		40,475
Financial		144,737			107,663			—		252,400
Industrial		15,742			67,217			—		82,959
Technology		67,795			14,018			—		81,813
Utilities		19,371			13,852			—		33,223
	Total investments in securities $	588,708		$	441,709		$	—	$	1,030,417
International Equity Index Fund
Common Stocks
Basic Materials	$	—		$	34,044		$	—	$	34,044
Communications		—			30,738			—		30,738
Consumer, Cyclical		—			52,030			—		52,030
Consumer, Non-cyclical		—			101,893			—		101,893
Diversified		—			3,265			—		3,265
Energy		—			30,782			—		30,782
Exchange Traded Funds		9,354			—			—		9,354
Financial		—			108,502			—		108,502
Industrial		157			50,554			—		50,711
Technology		—			10,226			—		10,226
Utilities		—			16,761			—		16,761
Preferred Stocks
Communications		—			158			—		158
Consumer, Cyclical		—			1,829			—		1,829
Consumer, Non-cyclical		—			657			—		657
Utilities		—			49			—		49
Repurchase Agreements	$	—		$	6,546		$	—	$	6,546
	Total investments in securities $	9,511		$	448,034		$	—	$	457,545
Assets
Equity Contracts**
Futures	$	46		$	—		$	—	$	46
Opportunistic Municipal Fund
Bonds	$	—		$	—		$	337	$	337
Investment Companies		1,113			—			—		1,113
Municipal Bonds		—			26,136			—		26,136
	Total investments in securities $	1,113		$	26,136		$	337	$	27,586
Preferred Securities Fund
Bonds	$	—		$	3,071,997		$	30,946	$	3,102,943
Common Stocks*		2,338			—			—		2,338
Convertible Preferred Stocks*		48,448			—			—		48,448
Preferred Stocks
Communications		133,486			73,238			—		206,724
Financial		1,609,570			178,815			—		1,788,385
Government		—			29,876			—		29,876
Industrial		27,767			—			—		27,767
Utilities		184,395			6,602			—		190,997
Repurchase Agreements		—			137,276			—		137,276
	Total investments in securities $	2,006,004		$	3,497,804		$	30,946	$	5,534,754

Fund		Level 1 - Quoted Prices	Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs	Totals (Level 1,2,3)
Small-MidCap Dividend Income Fund
Common Stocks*	$	414,823	$	—	$	—	$	414,823
Convertible Preferred Stocks*		1,910		—		—		1,910
Repurchase Agreements		—		21,208		—		21,208
Total investments in securities $		416,733	$	21,208	$	—	$	437,941

*	For additional detail regarding sector classifications, please see the Schedules of Investments.
**	Futures, Foreign Currency Contracts, and Swaps are valued at the unrealized appreciation/(depreciation) of the instrument.

The changes in investments measured at fair value for which the Funds' have used Level 3 inputs to determine fair value are as follows (amounts shown in thousands):

Account	Value August 31, 2012		Realized Gain/(Loss)	Accrued Discounts/Premiums and Change in Unrealized Gain/(Loss)		Purchases		Proceeds from Sales	Transfers into Level 3*		Transfers Out of Level 3**		Value May 31, 2013		Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at May 31, 2013
Opportunistic Municipal Fund
Bonds	$	-	$	- $	(13	) $	- $	-	$	350	$	-	$	337	$	(13	)
Total	$	-	$	- $	(13	) $	- $	-	$	350	$	-	$	337	$	(13	)

*Securities are transferred into Level 3 for a variety of reasons including, but not limited to:
1. Securities where trading has been halted
2. Securities that have certain restrictions on trading
3. Instances in which a security is not priced by pricing services

**Securities are transferred out of Level 3 for a variety of reasons including, but not limited to:
1. Securities where trading resumes
2. Securities where trading restrictions have expired
3. Instances in which a price becomes available from a pricing service

At the end of the period, there were no other Funds which had a significant Level 3 balance. During the period, there were no significant purchases, sales, or transfers into or out of Level 3, except as noted above.

The Funds' Schedules of Investments as of May 31, 2013 have not been audited. This report is provided for the general information of the Funds' shareholders.

For more information regarding the Fund and its holdings, please see the Funds' prospectus and annual report.

ITEM 2 – CONTROLS AND PROCEDURES

a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing).

(b) There have been no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3 – EXHIBITS

Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act are attached hereto as Exhibit 99.CERT.

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)

Principal Funds, Inc.

By /s/ Nora M. Everett

Nora M. Everett, President and CEO

Date 07/23/2013

     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 /s/ Nora M. Everett

Nora M. Everett, President and CEO

Date 07/23/2013

By /s/ Layne A. Rasmussen

Layne A. Rasmussen, Vice President, Controller and Chief Financial Officer

Date 07/23/2013