EX-99 36 commodities.htm 09_commodities_RTF

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COMMODITIES STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2007

Market

Market

Shares

Value

Value

EXCHANGE TRADED FUNDS 3.5%

Total Investments 102.5%

iShares S&P GSCI

(Cost $70,581,973

$

__________

77,333,220

Commodity Indexed

Liabilities in Excess of Other

Trust*†

49,970

$

________

2,635,418

Assets – 2.5%

$

__________

1,916,615

Net Assets – 100.0%

$

75,416,605

Total Exchange Traded Funds

*

Non-Income Producing Security.

(Cost $2,388,426)

________

2,635,418

All or a portion of this security is on loan at December 31,

2007.

Face

Structured Notes are leveraged, providing an exposure to

Amount

the underlying benchmark of three times the face amount.

STRUCTURED NOTES 37.1%

The total exposure to the Goldman Sachs Commodity

Credit Suisse, Goldman Sachs

††

Index is $63,856,050 as of December 31, 2007.

Commodity Index Total

Return Linked Notes at 5.34%

due 09/30/2008††

$

11,285,350

15,779,687

Swedish Export Credit Corp.,

Goldman Sachs Commodity

Index Total Return Linked

Notes at 4.59% due

11/14/2008††

7,000,000

7,239,330

Swedish Export Credit Corp.,

Goldman Sachs Commodity

Index Total Return Linked

Notes at 5.06% due

04/21/08††

3,000,000

________

4,984,620

Total Structured Notes

(Cost $21,499,382)

28,003,637

REPURCHASE AGREEMENTS 59.6%

Collateralized by U.S. Treasury

Obligations

Lehman Brothers Holdings,

Inc. issued 12/31/07 at 1.00%

due 01/02/08

44,940,245

44,940,245

Total Repurchase Agreements

(Cost $44,940,245)

44,940,245

SECURITIES LENDING COLLATERAL

2.3%

Investment in Securities Lending

Short Term

Investment Portfolio held by

U.S. Bank

1,753,920

1,753,920

Total Securities Lending

Collateral

(Cost $1,753,920)

1,753,920

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