N-Q

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      811-07584

Rydex Series Funds

(Exact name of registrant as specified in charter)

805 King Farm Boulevard, Suite 600

Rockville, Maryland 20850

(Address of principal executive offices) (Zip code)

Donald C. Cacciapaglia, President

Rydex Series Funds

805 King Farm Boulevard, Suite 600

Rockville, Maryland 20850

(Name and address of agent for service)

Registrant’s telephone number, including area code: 301-296-5100

Date of fiscal year end:    March 31

Date of reporting period:   December 31, 2013

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

Banking Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Regional Banks - 38.6%
PNC Financial Services Group, Inc.		5,157	$	400,079
BB&T Corp.		8,469		316,063
SunTrust Banks, Inc.		7,412		272,836
Fifth Third Bancorp		12,566		264,263
M&T Bank Corp.		2,091		243,434
Regions Financial Corp.		23,340		230,833
KeyCorp		15,877		213,069
CIT Group, Inc.		3,837		200,023
Huntington Bancshares, Inc.		18,020		173,893
Popular, Inc.*		5,961		171,260
First Republic Bank		3,101		162,337
Zions Bancorporation		4,879		146,175
Signature Bank*		1,285		138,035
East West Bancorp, Inc.		3,900		136,383
SVB Financial Group*		1,271		133,277
Cullen/Frost Bankers, Inc.		1,760		130,997
Commerce Bancshares, Inc.		2,865		128,669
City National Corp.		1,605		127,148
Prosperity Bancshares, Inc.		1,983		125,702
First Niagara Financial Group, Inc.		11,481		121,928
FirstMerit Corp.		5,398		119,998
BankUnited, Inc.		3,410		112,257
Wintrust Financial Corp.		2,398		110,596
Hancock Holding Co.		2,923		107,216
Webster Financial Corp.		3,353		104,547
UMB Financial Corp.		1,615		103,812
Associated Banc-Corp.		5,961		103,721
CapitalSource, Inc.		7,184		103,234
First Horizon National Corp.		8,803		102,555
TCF Financial Corp.		6,233		101,286
Bank of Hawaii Corp.		1,691		100,006
Texas Capital Bancshares, Inc.*		1,570		97,654
Fulton Financial Corp.		7,465		97,642
Susquehanna Bancshares, Inc.		7,506		96,377
BancorpSouth, Inc.		3,727		94,740
PrivateBancorp, Inc. — Class A		3,237		93,646
Home BancShares, Inc.		2,480		92,628
Glacier Bancorp, Inc.		3,080		91,753
First Financial Bankshares, Inc.		1,370		90,858
Bank of the Ozarks, Inc.		1,600		90,544
Cathay General Bancorp		3,370		90,080
Sterling Financial Corp.		2,640		89,971
Umpqua Holdings Corp.		4,700		89,958
Valley National Bancorp1		8,773		88,783
Western Alliance Bancorporation*		3,700		88,282
FNB Corp.		6,992		88,239
National Penn Bancshares, Inc.		7,466		84,590
PacWest Bancorp1		1,990		84,018
IBERIABANK Corp.		1,334		83,842
MB Financial, Inc.		2,600		83,434
Trustmark Corp.		3,050		81,862
CVB Financial Corp.		4,770		81,424
United Bankshares, Inc.		2,450		77,053
Old National Bancorp		4,960		76,235
Westamerica Bancorporation		1,340		75,656
Columbia Banking System, Inc.		2,650		72,902
BBCN Bancorp, Inc.		4,270		70,839
Total Regional Banks				7,258,642
Diversified Banks - 28.8%
Wells Fargo & Co.		16,195		735,252
U.S. Bancorp		13,023		526,129
Itau Unibanco Holding S.A. ADR		16,348		221,842
Banco Bradesco S.A. ADR		15,771		197,611
ICICI Bank Ltd. ADR		5,255		195,328
HSBC Holdings plc ADR		3,350		184,686
Comerica, Inc.		3,814		181,318
Credicorp Ltd.		1,355		179,849
Barclays plc ADR		9,869		178,925
Banco Santander S.A. ADR		19,620		177,953
Bank of Nova Scotia		2,810		175,766
Toronto-Dominion Bank		1,845		173,873
Royal Bank of Canada		2,548		171,302
HDFC Bank Ltd. ADR		4,940		170,134
Banco Santander Brasil S.A. ADR		27,429		167,317
Bank of Montreal		2,496		166,383
Royal Bank of Scotland Group plc ADR*		14,650		165,985
Banco Bilbao Vizcaya Argentaria S.A. ADR		13,357		165,493
Mitsubishi UFJ Financial Group, Inc. ADR		24,763		165,417
Lloyds Banking Group plc ADR*		30,910		164,441
Sumitomo Mitsui Financial Group, Inc. ADR		15,570		163,329
Bancolombia S.A. ADR		3,305		162,011
Canadian Imperial Bank of Commerce		1,885		160,998
Banco Santander Chile ADR		6,829		160,960
National Bank of Greece S.A. ADR1		27,670		154,952
Grupo Financiero Santander Mexico SAB de CV ADR		11,360		154,950
Total Diversified Banks				5,422,204
Other Diversified Financial Services - 13.6%
JPMorgan Chase & Co.		12,725		744,157
Citigroup, Inc.		14,098		734,647
Bank of America Corp.		47,090		733,191
ING US, Inc.		5,150		181,023
ING Groep N.V. ADR*		12,150		170,222
Total Other Diversified Financial Services				2,563,240
Thrifts & Mortgage Finance - 8.3%
Ocwen Financial Corp.*		3,100		171,894
New York Community Bancorp, Inc.		10,107		170,303
Home Loan Servicing Solutions Ltd.		6,752		155,093
Hudson City Bancorp, Inc.		14,844		139,979
People's United Financial, Inc.		9,065		137,063
Nationstar Mortgage Holdings, Inc.*,1		2,905		107,369
MGIC Investment Corp.*		12,340		104,150
Radian Group, Inc.		6,950		98,134
Washington Federal, Inc.		4,040		94,092
EverBank Financial Corp.		5,040		92,434
Capitol Federal Financial, Inc.		6,701		81,149
Northwest Bancshares, Inc.		4,920		72,718

Banking Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Thrifts & Mortgage Finance - 8.3% (continued)
Astoria Financial Corp.		5,246	$	72,552
BofI Holding, Inc.*		810		63,528
Total Thrifts & Mortgage Finance				1,560,458
Asset Management & Custody Banks - 5.3%
Bank of New York Mellon Corp.		11,276		393,984
State Street Corp.		4,820		353,740
Northern Trust Corp.		3,860		238,895
Total Asset Management & Custody Banks				986,619
Diversified Capital Markets - 2.8%
Deutsche Bank AG		3,688		177,910
UBS AG		9,076		174,713
Credit Suisse Group AG ADR		5,512		171,092
Total Diversified Capital Markets				523,715
Consumer Finance - 2.2%
Capital One Financial Corp.		5,450		417,525
Total Common Stocks
(Cost $12,287,097)				18,732,403

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 1.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	199,887		199,887
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		29,464		29,464
Total Securities Lending Collateral
(Cost $229,351)				229,351
Total Investments - 100.8%
(Cost $12,516,448)			$	18,961,754
Other Assets & Liabilities, net - (0.8)%				(143,017	)
Total Net Assets - 100.0%			$	18,818,737

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Basic Materials Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.2%
Specialty Chemicals - 16.9%
Ecolab, Inc.		7,364	$	767,843
PPG Industries, Inc.		3,770		715,018
Sherwin-Williams Co.		3,243		595,091
Sigma-Aldrich Corp.		4,981		468,264
Celanese Corp. — Class A		7,397		409,128
Ashland, Inc.		3,927		381,076
WR Grace & Co.*		3,835		379,166
International Flavors & Fragrances, Inc.		4,221		362,922
Valspar Corp.		4,795		341,836
RPM International, Inc.		7,821		324,650
Albemarle Corp.		5,101		323,352
Rockwood Holdings, Inc.		4,376		314,722
PolyOne Corp.		7,290		257,702
Cytec Industries, Inc.		2,718		253,209
Chemtura Corp.*		8,230		229,782
Total Specialty Chemicals				6,123,761
Gold - 11.7%
Barrick Gold Corp.		45,309		798,799
Goldcorp, Inc.		25,432		551,112
Newmont Mining Corp.		21,136		486,762
AngloGold Ashanti Ltd. ADR		25,020		293,234
Agnico Eagle Mines Ltd.		11,045		291,367
Yamana Gold, Inc.		32,404		279,322
Kinross Gold Corp.		62,735		274,779
Randgold Resources Ltd. ADR		4,349		273,161
Eldorado Gold Corp.		44,762		254,696
Cia de Minas Buenaventura SAA ADR		22,034		247,221
Royal Gold, Inc.		5,348		246,382
Franco-Nevada Corp.		5,911		240,814
Total Gold				4,237,649
Steel - 11.2%
Vale S.A. ADR		39,594		603,809
Nucor Corp.		10,782		575,543
Reliance Steel & Aluminum Co.		4,362		330,814
ArcelorMittal		17,264		307,990
Steel Dynamics, Inc.		15,266		298,298
United States Steel Corp.		9,604		283,318
Cliffs Natural Resources, Inc.1		10,729		281,207
Allegheny Technologies, Inc.		7,616		271,358
Cia Siderurgica Nacional S.A. ADR1		41,310		256,122
Carpenter Technology Corp.		4,041		251,350
Gerdau S.A. ADR		29,010		227,438
Commercial Metals Co.		10,690		217,328
AK Steel Holding Corp.*,1		18,080		148,256
Total Steel				4,052,831
Diversified Chemicals - 9.8%
EI du Pont de Nemours & Co.		16,794		1,091,106
Dow Chemical Co.		22,528		1,000,243
Eastman Chemical Co.		6,112		493,238
FMC Corp.		5,897		444,988
Huntsman Corp.		13,938		342,875
Olin Corp.		6,882		198,546
Total Diversified Chemicals				3,570,996
Fertilizers & Agricultural Chemicals - 9.3%
Monsanto Co.		9,213		1,073,776
Mosaic Co.		13,592		642,494
Potash Corporation of Saskatchewan, Inc.		17,890		589,654
CF Industries Holdings, Inc.		2,154		501,968
Agrium, Inc.		3,382		309,385
Scotts Miracle-Gro Co. — Class A		4,310		268,168
Total Fertilizers & Agricultural Chemicals				3,385,445
Diversified Metals & Mining - 9.3%
Freeport-McMoRan Copper & Gold, Inc.		23,772		897,155
Southern Copper Corp.		23,909		686,427
Rio Tinto plc ADR		7,385		416,736
BHP Billiton Ltd. ADR		5,255		358,391
Teck Resources Ltd. — Class B		11,433		297,372
BHP Billiton plc ADR		3,680		228,602
US Silica Holdings, Inc.		5,571		190,027
Molycorp, Inc.*,1		29,955		168,347
Walter Energy, Inc.		8,473		140,906
Total Diversified Metals & Mining				3,383,963
Paper Packaging - 6.2%
Rock Tenn Co. — Class A		3,625		380,661
Sealed Air Corp.		10,564		359,704
MeadWestvaco Corp.		9,370		346,034
Packaging Corporation of America		5,450		344,876
Avery Dennison Corp.		6,020		302,144
Bemis Company, Inc.		6,908		282,952
Graphic Packaging Holding Co.*		26,050		250,080
Total Paper Packaging				2,266,451
Industrial Gases - 5.3%
Praxair, Inc.		6,561		853,127
Air Products & Chemicals, Inc.		6,023		673,251
Airgas, Inc.		3,531		394,942
Total Industrial Gases				1,921,320
Commodity Chemicals - 5.1%
LyondellBasell Industries N.V. — Class A		11,690		938,473
Westlake Chemical Corp.		3,270		399,169
Methanex Corp.		4,630		274,281
Axiall Corp.		5,270		250,009
Total Commodity Chemicals				1,861,932
Construction Materials - 4.0%
Cemex SAB de CV ADR*		39,937		472,455
Vulcan Materials Co.		6,498		386,111
Martin Marietta Materials, Inc.		3,001		299,920
Eagle Materials, Inc.		3,540		274,102
Total Construction Materials				1,432,588
Metal & Glass Containers - 2.9%
Ball Corp.		7,262		375,154
Crown Holdings, Inc.*		7,731		344,571
Owens-Illinois, Inc.*		9,333		333,935
Total Metal & Glass Containers				1,053,660
Precious Metals & Minerals - 2.6%
Silver Wheaton Corp.		18,252		368,508
Pan American Silver Corp.		19,861		232,374
Stillwater Mining Co.*		14,100		173,994

Basic Materials Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.2% (continued)
Precious Metals & Minerals - 2.6% (continued)
Coeur Mining, Inc.*		14,378	$	156,001
Total Precious Metals & Minerals				930,877
Paper Products - 2.5%
International Paper Co.		13,193		646,853
Domtar Corp.		2,710		255,661
Total Paper Products				902,514
Aluminum - 1.8%
Alcoa, Inc.		45,109		479,508
Kaiser Aluminum Corp.		2,220		155,933
Total Aluminum				635,441
Forest Products - 0.6%
Louisiana-Pacific Corp.*		12,100		223,971
Total Common Stocks
(Cost $18,552,098)				35,983,399

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 1.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	565,496		565,496
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		83,354		83,354
Total Securities Lending Collateral
(Cost $648,850)				648,850
Total Investments - 101.0%
(Cost $19,200,948)			$	36,632,249
Other Assets & Liabilities, net - (1.0)%				(368,695	)
Total Net Assets - 100.0%			$	36,263,554

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Biotechnology Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 100.9%
Biotechnology - 85.1%
Gilead Sciences, Inc.*		373,536	$	28,071,229
Amgen, Inc.		216,954		24,767,468
Celgene Corp.*		132,957		22,464,415
Biogen Idec, Inc.*		76,933		21,522,007
Regeneron Pharmaceuticals, Inc.*		51,219		14,097,518
Alexion Pharmaceuticals, Inc.*		101,074		13,448,906
Vertex Pharmaceuticals, Inc.*		147,052		10,925,964
BioMarin Pharmaceutical, Inc.*		120,894		8,495,221
Pharmacyclics, Inc.*		73,800		7,806,564
Incyte Corporation Ltd.*		150,669		7,628,371
United Therapeutics Corp.*		63,943		7,230,674
Seattle Genetics, Inc.*,1		151,344		6,037,112
Cubist Pharmaceuticals, Inc.*		87,138		6,001,194
Medivation, Inc.*		90,670		5,786,559
Isis Pharmaceuticals, Inc.*		141,380		5,632,579
Alkermes plc*		135,063		5,491,662
Theravance, Inc.*		147,906		5,272,849
Alnylam Pharmaceuticals, Inc.*		81,508		5,243,410
Opko Health, Inc.*,1		564,110		4,761,088
NPS Pharmaceuticals, Inc.*		154,669		4,695,751
Grifols S.A. ADR		127,316		4,598,654
Cepheid, Inc.*		97,976		4,577,439
Puma Biotechnology, Inc.*		42,000		4,348,260
ACADIA Pharmaceuticals, Inc.*,1		163,133		4,076,694
Aegerion Pharmaceuticals, Inc.*		57,200		4,058,912
Clovis Oncology, Inc.*		65,000		3,917,550
Celldex Therapeutics, Inc.*		159,380		3,858,590
MannKind Corp.*,1		708,300		3,690,243
Synageva BioPharma Corp.*		57,000		3,689,040
Intercept Pharmaceuticals, Inc.*		51,400		3,509,592
Halozyme Therapeutics, Inc.*		217,700		3,263,323
InterMune, Inc.*		219,935		3,239,643
Ironwood Pharmaceuticals, Inc. — Class A*		270,624		3,141,945
Arena Pharmaceuticals, Inc.*,1		522,540		3,056,859
Myriad Genetics, Inc.*,1		145,072		3,043,611
Organovo Holdings, Inc.*,1		270,380		2,993,107
Ariad Pharmaceuticals, Inc.*,1		433,145		2,954,049
Acorda Therapeutics, Inc.*		100,259		2,927,563
ImmunoGen, Inc.*,1		198,100		2,906,127
Exelixis, Inc.*,1		473,800		2,904,394
PDL BioPharma, Inc.1		338,813		2,859,582
Ligand Pharmaceuticals, Inc. — Class B*		53,000		2,787,800
Dyax Corp.*		350,300		2,637,759
Momenta Pharmaceuticals, Inc.*		144,300		2,551,224
Keryx Biopharmaceuticals, Inc.*,1		196,160		2,540,272
Sarepta Therapeutics, Inc.*,1		123,339		2,512,415
Sangamo Biosciences, Inc.*,1		180,360		2,505,200
Exact Sciences Corp.*		207,055		2,420,473
Raptor Pharmaceutical Corp.*,1		184,600		2,403,492
Infinity Pharmaceuticals, Inc.*		163,890		2,263,321
TESARO, Inc.*		76,712		2,166,347
Neurocrine Biosciences, Inc.*		230,900		2,156,606
Array BioPharma, Inc.*		429,840		2,153,498
Spectrum Pharmaceuticals, Inc.*,1		242,303		2,144,382
Vanda Pharmaceuticals, Inc.*		144,500		1,793,245
Total Biotechnology				322,031,752
Life Sciences Tools & Services - 12.5%
Illumina, Inc.*,1		91,146		10,082,571
Life Technologies Corp.*		126,220		9,567,476
Quintiles Transnational Holdings, Inc.*		140,019		6,488,480
Bio-Rad Laboratories, Inc. — Class A*		39,980		4,941,928
Techne Corp.		51,684		4,892,924
QIAGEN N.V.*		204,600		4,871,526
Charles River Laboratories International, Inc.*		80,200		4,253,808
Affymetrix, Inc.*		243,900		2,090,223
Total Life Sciences Tools & Services				47,188,936
Pharmaceuticals - 3.3%
Perrigo Company plc		33,608		5,157,499
Medicines Co.*		109,900		4,244,338
Nektar Therapeutics*		273,280		3,101,728
Total Pharmaceuticals				12,503,565
Total Common Stocks
(Cost $212,776,483)				381,724,253
RIGHTS - 0.0%
Clinical Data, Inc.
Expires 12/31/20*,†††,2		24,000		–
Total Rights
(Cost $–)				–

	Face Amount
SECURITIES LENDING COLLATERAL††,3 - 10.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	33,778,695		33,778,695
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		4,978,980		4,978,980
Total Securities Lending Collateral
(Cost $38,757,675)				38,757,675
Total Investments - 111.1%
(Cost $251,534,158)			$	420,481,928
Other Assets & Liabilities, net - (11.1)%				(41,967,483	)
Total Net Assets - 100.0%			$	378,514,445

Biotechnology Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
†††	Value determined based on Level 3 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Illiquid security.
3	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Consumer Products Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Packaged Foods & Meats - 29.3%
Mondelez International, Inc. — Class A		162,070	$	5,721,071
General Mills, Inc.		82,637		4,124,413
Kraft Foods Group, Inc.		75,600		4,076,352
Kellogg Co.		55,720		3,402,820
Hershey Co.		34,392		3,343,934
Mead Johnson Nutrition Co. — Class A		35,349		2,960,832
ConAgra Foods, Inc.		77,482		2,611,143
Campbell Soup Co.		59,417		2,571,568
Hormel Foods Corp.		54,786		2,474,684
Tyson Foods, Inc. — Class A		71,895		2,405,607
JM Smucker Co.		23,031		2,386,472
Green Mountain Coffee Roasters, Inc.*,1		31,174		2,356,131
McCormick & Company, Inc.		31,539		2,173,668
Unilever N.V.		47,541		1,912,574
BRF S.A. ADR		83,780		1,748,489
Hain Celestial Group, Inc.*		16,780		1,523,288
Flowers Foods, Inc.		69,592		1,494,140
Hillshire Brands Co.		44,040		1,472,698
WhiteWave Foods Co. — Class A*		64,100		1,470,454
Pilgrim's Pride Corp.*		90,300		1,467,375
TreeHouse Foods, Inc.*		16,501		1,137,249
B&G Foods, Inc.		27,700		939,307
Dean Foods Co.*		54,140		930,667
Sanderson Farms, Inc.		12,700		918,591
Post Holdings, Inc.*		18,500		911,495
Total Packaged Foods & Meats				56,535,022
Household Products - 14.9%
Procter & Gamble Co.		131,060		10,669,595
Colgate-Palmolive Co.		85,849		5,598,213
Kimberly-Clark Corp.		43,322		4,525,416
Clorox Co.1		26,767		2,482,907
Church & Dwight Company, Inc.		32,866		2,178,358
Energizer Holdings, Inc.		17,465		1,890,412
Spectrum Brands Holdings, Inc.		19,300		1,361,615
Total Household Products				28,706,516
Soft Drinks - 14.1%
Coca-Cola Co.		237,526		9,812,199
PepsiCo, Inc.		98,337		8,156,071
Coca-Cola Enterprises, Inc.		54,794		2,418,059
Monster Beverage Corp.*		34,653		2,348,434
Dr Pepper Snapple Group, Inc.		46,301		2,255,785
Fomento Economico Mexicano SAB de CV ADR		21,393		2,093,733
Total Soft Drinks				27,084,281
Tobacco - 11.7%
Philip Morris International, Inc.		98,097		8,547,191
Altria Group, Inc.		162,500		6,238,375
Reynolds American, Inc.		75,633		3,780,894
Lorillard, Inc.		61,931		3,138,663
Universal Corp.		14,700		802,620
Total Tobacco				22,507,743
Food Retail - 8.0%
Whole Foods Market, Inc.		56,814		3,285,553
Kroger Co.		82,287		3,252,805
Safeway, Inc.		62,165		2,024,714
Sprouts Farmers Market, Inc.*		44,400		1,706,292
Casey's General Stores, Inc.		16,523		1,160,741
Harris Teeter Supermarkets, Inc.		22,766		1,123,502
Fresh Market, Inc.*		24,820		1,005,210
SUPERVALU, Inc.*		136,982		998,599
Susser Holdings Corp.*		13,300		871,017
Total Food Retail				15,428,433
Personal Products - 5.6%
Estee Lauder Companies, Inc. — Class A		51,456		3,875,665
Herbalife Ltd.1		38,454		3,026,330
Nu Skin Enterprises, Inc. — Class A		14,830		2,049,803
Avon Products, Inc.		102,282		1,761,296
Total Personal Products				10,713,094
Distillers & Vintners - 5.1%
Brown-Forman Corp. — Class B		38,020		2,873,172
Constellation Brands, Inc. — Class A*		37,444		2,635,309
Beam, Inc.		35,170		2,393,670
Diageo plc ADR		13,820		1,830,044
Total Distillers & Vintners				9,732,195
Agricultural Products - 4.8%
Archer-Daniels-Midland Co.		85,203		3,697,810
Bunge Ltd.		30,596		2,512,238
Ingredion, Inc.		24,174		1,654,952
Darling International, Inc.*		62,668		1,308,508
Total Agricultural Products				9,173,508
Brewers - 3.6%
Anheuser-Busch InBev N.V. ADR		22,412		2,385,981
Molson Coors Brewing Co. — Class B		40,924		2,297,883
AMBEV S.A. ADR		311,000		2,285,850
Total Brewers				6,969,714
Food Distributors - 2.4%
Sysco Corp.		91,405		3,299,720
United Natural Foods, Inc.*		18,230		1,374,360
Total Food Distributors				4,674,080
Total Common Stocks
(Cost $133,899,928)				191,524,586

Consumer Products Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Face Amount		Value
SECURITIES LENDING COLLATERAL††,2 - 2.6%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	4,423,730	$	4,423,730
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		652,058		652,058
Total Securities Lending Collateral
(Cost $5,075,788)				5,075,788
Total Investments - 102.1%
(Cost $138,975,716)			$	196,600,374
Other Assets & Liabilities, net - (2.1)%				(3,961,995	)
Total Net Assets - 100.0%			$	192,638,379

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.
	ADR — American Depositary Receipt
	plc — Public Limited Company

Electronics Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Semiconductors - 84.7%
Intel Corp.		20,265	$	526,078
Texas Instruments, Inc.		7,374		323,791
Micron Technology, Inc.*		10,416		226,652
Broadcom Corp. — Class A		6,407		189,968
Analog Devices, Inc.		3,643		185,538
Xilinx, Inc.		3,571		163,980
Taiwan Semiconductor Manufacturing Company Ltd. ADR		8,977		156,559
Altera Corp.		4,642		151,004
Linear Technology Corp.		3,314		150,953
NVIDIA Corp.		8,854		141,841
Microchip Technology, Inc.		3,105		138,949
Cree, Inc.*		2,083		130,333
Maxim Integrated Products, Inc.		4,668		130,284
Avago Technologies Ltd.		2,192		115,935
Marvell Technology Group Ltd.		7,681		110,453
NXP Semiconductor N.V.*		2,355		108,165
Skyworks Solutions, Inc.*		3,787		108,157
First Solar, Inc.*		1,882		102,832
LSI Corp.		8,785		96,811
Freescale Semiconductor Ltd.*		5,742		92,159
Himax Technologies, Inc. ADR		6,018		88,525
ON Semiconductor Corp.*		10,643		87,698
ARM Holdings plc ADR		1,596		87,365
Atmel Corp.*		11,019		86,279
SunPower Corp. — Class A*		2,844		84,780
Trina Solar Ltd. ADR*		6,152		84,098
Canadian Solar, Inc.*		2,622		78,188
Mellanox Technologies Ltd.*		1,840		73,545
Microsemi Corp.*		2,874		71,706
JinkoSolar Holding Company Ltd. ADR*		2,310		67,683
Yingli Green Energy Holding Company Ltd. ADR*,1		13,220		66,761
Semtech Corp.*		2,637		66,663
International Rectifier Corp.*		2,423		63,168
JA Solar Holdings Company Ltd. ADR*		6,850		62,815
Synaptics, Inc.*		1,200		62,172
Fairchild Semiconductor International, Inc. — Class A*		4,610		61,544
Cavium, Inc.*		1,708		58,943
Integrated Device Technology, Inc.*		5,760		58,694
RF Micro Devices, Inc.*		11,244		58,019
Cypress Semiconductor Corp.		5,491		57,656
Intersil Corp. — Class A		4,898		56,180
Monolithic Power Systems, Inc.*		1,580		54,763
TriQuint Semiconductor, Inc.*		6,509		54,285
Cirrus Logic, Inc.*		2,637		53,874
OmniVision Technologies, Inc.*		2,643		45,460
Total Semiconductors				5,041,306
Semiconductor Equipment - 14.8%
Applied Materials, Inc.		12,252		216,738
KLA-Tencor Corp.		2,369		152,706
Lam Research Corp.*		2,547		138,684
ASML Holding N.V.		1,013		94,918
SunEdison, Inc.*		6,670		87,044
Teradyne, Inc.*		4,889		86,144
Veeco Instruments, Inc.*		1,602		52,722
GT Advanced Technologies, Inc.*		5,559		48,474
Total Semiconductor Equipment				877,430
Total Common Stocks
(Cost $3,797,391)				5,918,736

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 1.3%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	67,457		67,457
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		9,943		9,943
Total Securities Lending Collateral
(Cost $77,400)				77,400
Total Investments - 100.8%
(Cost $3,874,791)			$	5,996,136
Other Assets & Liabilities, net - (0.8)%				(47,808	)
Total Net Assets - 100.0%			$	5,948,328

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 45.5%
Energy - 9.1%
CNOOC Ltd. ADR		1,064	$	199,670
Petroleo Brasileiro S.A. ADR		13,534		198,814
Sasol Ltd. ADR		3,353		165,806
PetroChina Company Ltd. ADR		1,397		153,307
China Petroleum & Chemical Corp. ADR		1,689		138,785
Petroleo Brasileiro S.A. ADR		9,852		135,761
Ultrapar Participacoes S.A. ADR		2,738		64,754
Ecopetrol S.A. ADR		1,633		62,789
YPF S.A. ADR		1,275		42,024
Total Energy				1,161,710
Telecommunication Services - 8.9%
China Mobile Ltd. ADR		6,918		361,743
America Movil SAB de CV ADR		15,058		351,905
Chunghwa Telecom Company Ltd. ADR		2,516		77,895
Mobile Telesystems OJSC ADR		3,351		72,482
SK Telecom Company Ltd. ADR		2,357		58,029
Telekomunikasi Indonesia Persero Tbk PT ADR		1,468		52,628
China Telecom Corporation Ltd. ADR		919		46,474
China Unicom Hong Kong Ltd. ADR		2,966		44,668
Telefonica Brasil S.A. ADR		1,921		36,922
Philippine Long Distance Telephone Co. ADR		568		34,125
Total Telecommunication Services				1,136,871
Information Technology - 8.9%
Taiwan Semiconductor Manufacturing Company Ltd. ADR		24,366		424,943
Baidu, Inc. ADR*		1,808		321,608
Infosys Ltd. ADR		3,190		180,554
Wipro Ltd. ADR		3,887		48,937
Qihoo 360 Technology Company Ltd. ADR*		507		41,599
Advanced Semiconductor Engineering, Inc. ADR		8,111		38,933
NetEase, Inc. ADR		477		37,492
LG Display Company Ltd. ADR*		2,937		35,655
Total Information Technology				1,129,721
Financials - 7.5%
Itau Unibanco Holding S.A. ADR		16,612		225,425
Banco Bradesco S.A. ADR		13,924		174,468
China Life Insurance Company Ltd. ADR		3,284		155,169
Shinhan Financial Group Company Ltd. ADR*		3,139		143,452
KB Financial Group, Inc. ADR*		2,557		103,584
HDFC Bank Ltd. ADR		2,578		88,786
ICICI Bank Ltd. ADR		1,862		69,211
Total Financials				960,095
Materials - 4.9%
Vale S.A. ADR		13,957		195,537
POSCO ADR		2,054		160,212
Vale S.A. ADR		8,622		131,486
Cemex SAB de CV ADR*		7,471		88,382
Gerdau S.A. ADR		5,917		46,389
Total Materials				622,006
Consumer Staples - 3.7%
AMBEV S.A. ADR		30,068		220,999
Fomento Economico Mexicano SAB de CV ADR		1,245		121,848
BRF S.A. ADR		4,273		89,178
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR		867		38,729
Total Consumer Staples				470,754
Consumer Discretionary - 1.2%
Grupo Televisa SAB ADR		2,555		77,315
Ctrip.com International Ltd. ADR*		857		42,524
Tata Motors Ltd. ADR		1,244		38,315
Total Consumer Discretionary				158,154
Utilities - 0.7%
Korea Electric Power Corp. ADR*		3,399		56,457
Enersis S.A. ADR		2,535		38,000
Total Utilities				94,457
Industrials - 0.6%
Latam Airlines Group S.A. ADR		2,173		35,442
Embraer S.A. ADR		1,078		34,690
Total Industrials				70,132
Total Common Stocks
(Cost $5,554,302)				5,803,900

	Face Amount
REPURCHASE AGREEMENTS††,1 - 48.5%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142	$	2,971,714		2,971,714
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14		2,536,627		2,536,627
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		409,150		409,150
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		253,934		253,934
Total Repurchase Agreements
(Cost $6,171,425)				6,171,425
Total Investments - 94.0%
(Cost $11,725,727)			$	11,975,325
Other Assets & Liabilities, net - 6.0%				757,783
Total Net Assets - 100.0%			$	12,733,108

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Units		Unrealized Gain
EQUITY INDEX SWAP AGREEMENTS††
Goldman Sachs International January 2014 Bank of New York Mellon Emerging Markets 50 ADR Index Swap, Terminating 01/28/143 (Notional Value $19,653,456)		8,339	$	228,110

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.
2	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
3	Total Return based on Bank of New York Mellon Emerging Markets 50 ADR Index +/- financing at a variable rate.
	ADR — American Depositary Receipt

Emerging Markets Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 74.0%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	3,072,228	$	3,072,228
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		495,541		495,541
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		307,551		307,551
Total Repurchase Agreements
(Cost $3,875,320)				3,875,320
Total Investments - 74.0%
(Cost $3,875,320)			$	3,875,320
Other Assets & Liabilities, net - 26.0%				1,359,145
Total Net Assets - 100.0%			$	5,234,465

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS PURCHASED†
March 2014 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $3,101,922)		26	$	(9,288	)
March 2014 U.S. Treasury 10 Year Note Futures Contracts (Aggregate Value of Contracts $2,213,719)		18		(25,620	)
(Total Aggregate Value of Contracts $5,315,641)			$	(34,908	)

CREDIT DEFAULT SWAP AGREEMENT PROTECTION SOLD^††,2

Index	Counterparty	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.EM.20 Index	Barclays Bank plc		5.00	%	12/20/18	$	7,000,000	$	(7,710,332	)	$	655,945	$	54,385

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.
2	Credit Default Swaps — See Note 5.

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.7%
Oil & Gas Exploration & Production - 39.1%
ConocoPhillips		21,249	$	1,501,243
EOG Resources, Inc.		6,393		1,073,002
Anadarko Petroleum Corp.		12,641		1,002,684
Apache Corp.		10,880		935,027
Marathon Oil Corp.		22,947		810,029
Devon Energy Corp.		12,961		801,897
Noble Energy, Inc.		11,716		797,977
Pioneer Natural Resources Co.		4,245		781,377
Continental Resources, Inc.*		6,411		721,366
Chesapeake Energy Corp.		24,945		677,007
Antero Resources Corp.*		10,200		647,088
Cabot Oil & Gas Corp.		16,490		639,152
EQT Corp.		6,710		602,424
Southwestern Energy Co.*		14,965		588,573
Range Resources Corp.		6,956		586,460
Murphy Oil Corp.		8,488		550,701
Concho Resources, Inc.*		4,921		531,468
Cimarex Energy Co.		4,535		475,767
Cobalt International Energy, Inc.*		28,630		470,964
Encana Corp.		25,114		453,308
Canadian Natural Resources Ltd.		13,022		440,664
Whiting Petroleum Corp.*		6,936		429,130
Gulfport Energy Corp.*		6,200		391,530
Talisman Energy, Inc.		33,598		391,417
Denbury Resources, Inc.*		23,713		389,605
Energy XXI Bermuda Ltd.		14,100		381,546
SM Energy Co.		4,578		380,478
QEP Resources, Inc.		12,292		376,750
Energen Corp.		5,100		360,825
Oasis Petroleum, Inc.*		7,200		338,184
WPX Energy, Inc.*		16,167		329,483
Laredo Petroleum, Inc.*		11,700		323,973
Ultra Petroleum Corp.*,1		13,972		302,494
Newfield Exploration Co.*		11,989		295,289
SandRidge Energy, Inc.*,1		47,031		285,478
Rosetta Resources, Inc.*		5,900		283,436
Kodiak Oil & Gas Corp.*		24,329		272,728
Diamondback Energy, Inc.*		4,900		259,014
Carrizo Oil & Gas, Inc.*		5,200		232,804
PDC Energy, Inc.*		4,200		223,524
Stone Energy Corp.*		6,000		207,540
Magnum Hunter Resources Corp.*		25,000		182,750
Bill Barrett Corp.*		6,600		176,748
Goodrich Petroleum Corp.*		8,200		139,564
Total Oil & Gas Exploration & Production				22,042,468
Integrated Oil & Gas - 18.3%
Exxon Mobil Corp.		32,661		3,305,293
Chevron Corp.		19,653		2,454,856
Occidental Petroleum Corp.		14,736		1,401,394
Hess Corp.		10,202		846,766
BP plc ADR		13,356		649,235
Petroleo Brasileiro S.A. ADR		46,632		642,589
Royal Dutch Shell plc ADR		7,117		507,229
Suncor Energy, Inc.		14,041		492,137
Total Integrated Oil & Gas				10,299,499
Oil & Gas Equipment & Services - 17.5%
Schlumberger Ltd.		19,638		1,769,579
Halliburton Co.		21,090		1,070,318
National Oilwell Varco, Inc.		11,864		943,544
Baker Hughes, Inc.		14,585		805,967
Cameron International Corp.*		10,091		600,717
FMC Technologies, Inc.*		10,826		565,225
Weatherford International Ltd.*		34,018		526,939
Oceaneering International, Inc.		5,954		469,652
Core Laboratories N.V.		2,027		387,056
Oil States International, Inc.*		3,757		382,162
Dresser-Rand Group, Inc.*		5,800		345,854
Dril-Quip, Inc.*		3,100		340,783
Superior Energy Services, Inc.*		12,668		337,095
Tenaris S.A. ADR		7,679		335,496
CARBO Ceramics, Inc.		2,300		268,019
Helix Energy Solutions Group, Inc.*		10,900		252,662
McDermott International, Inc.*		26,813		245,607
Hornbeck Offshore Services, Inc.*		4,400		216,612
Total Oil & Gas Equipment & Services				9,863,287
Oil & Gas Drilling - 8.3%
Transocean Ltd.		14,292		706,310
Noble Corporation plc		16,087		602,780
Ensco plc — Class A		10,172		581,635
Helmerich & Payne, Inc.		5,746		483,124
Diamond Offshore Drilling, Inc.		8,100		461,052
Nabors Industries Ltd.		27,113		460,650
Seadrill Ltd.		11,014		452,455
Rowan Companies plc — Class A*		9,784		345,962
Atwood Oceanics, Inc.*		5,700		304,323
Patterson-UTI Energy, Inc.		11,903		301,384
Total Oil & Gas Drilling				4,699,675
Oil & Gas Refining & Marketing - 7.1%
Phillips 66		14,172		1,093,087
Marathon Petroleum Corp.		9,236		847,218
Valero Energy Corp.		16,528		833,011
HollyFrontier Corp.		10,033		498,540
Tesoro Corp.		7,612		445,302
Western Refining, Inc.1		6,940		294,325
Total Oil & Gas Refining & Marketing				4,011,483
Oil & Gas Storage & Transportation - 7.0%
Kinder Morgan, Inc.		26,907		968,651
Williams Companies, Inc.		21,012		810,433
Spectra Energy Corp.		22,190		790,408
Cheniere Energy, Inc.*		12,211		526,538
Kinder Morgan Management LLC*		6,475		489,899
Enbridge, Inc.		8,200		358,176
Total Oil & Gas Storage & Transportation				3,944,105
Coal & Consumable Fuels - 2.4%
CONSOL Energy, Inc.		12,246		465,838
Peabody Energy Corp.		18,714		365,484
Cameco Corp.		16,400		340,628
Alpha Natural Resources, Inc.*		28,612		204,290
Total Coal & Consumable Fuels				1,376,240
Total Common Stocks
(Cost $27,101,095)				56,236,757

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
SECURITIES LENDING COLLATERAL††,2 - 1.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	579,092	$	579,092
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		85,358		85,358
Total Securities Lending Collateral
(Cost $664,450)				664,450
Total Investments - 100.9%
(Cost $27,765,545)			$	56,901,207
Other Assets & Liabilities, net - (0.9)%				(482,652	)
Total Net Assets - 100.0%			$	56,418,555

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Energy Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Oil & Gas Equipment & Services - 70.0%
Schlumberger Ltd.		58,336	$	5,256,656
Halliburton Co.		62,384		3,165,987
National Oilwell Varco, Inc.		35,296		2,807,091
Baker Hughes, Inc.		43,146		2,384,248
Cameron International Corp.*		29,924		1,781,376
FMC Technologies, Inc.*		31,973		1,669,310
Oceaneering International, Inc.		17,759		1,400,830
Weatherford International Ltd.*		80,149		1,241,508
Oil States International, Inc.*		11,291		1,148,521
Dresser-Rand Group, Inc.*		17,140		1,022,058
Superior Energy Services, Inc.*		37,647		1,001,787
Dril-Quip, Inc.*		9,018		991,349
Tidewater, Inc.		14,427		855,088
Core Laboratories N.V.		4,165		795,307
Bristow Group, Inc.		10,560		792,634
CARBO Ceramics, Inc.1		6,753		786,927
Helix Energy Solutions Group, Inc.*		32,192		746,211
McDermott International, Inc.*		79,345		726,800
Exterran Holdings, Inc.*		20,618		705,136
Hornbeck Offshore Services, Inc.*		13,157		647,719
SEACOR Holdings, Inc.*		7,000		638,400
Tenaris S.A. ADR		14,205		620,616
Key Energy Services, Inc.*		66,441		524,884
Geospace Technologies Corp.*		5,270		499,754
Basic Energy Services, Inc.*		24,760		390,713
Total Oil & Gas Equipment & Services				32,600,910
Oil & Gas Drilling - 29.5%
Transocean Ltd.		37,870		1,871,536
Noble Corporation plc		40,704		1,525,179
Ensco plc — Class A		25,293		1,446,254
Helmerich & Payne, Inc.		17,052		1,433,732
Diamond Offshore Drilling, Inc.		23,982		1,365,055
Rowan Companies plc — Class A*		29,023		1,026,253
Nabors Industries Ltd.		59,499		1,010,888
Seadrill Ltd.		23,896		981,648
Atwood Oceanics, Inc.*		16,913		902,985
Patterson-UTI Energy, Inc.		35,143		889,821
Unit Corp.*		14,645		755,975
Hercules Offshore, Inc.*		77,195		504,083
Total Oil & Gas Drilling				13,713,409
Total Common Stocks
(Cost $18,754,895)				46,314,319
		Face Amount
SECURITIES LENDING COLLATERAL††,2 - 1.3%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	516,385		516,385
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		76,115		76,115
Total Securities Lending Collateral
(Cost $592,500)				592,500
Total Investments - 100.8%
(Cost $19,347,395)			$	46,906,819
Other Assets & Liabilities, net - (0.8)%				(353,663	)
Total Net Assets - 100.0%			$	46,553,156

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 59.4%
Financials - 13.6%
HSBC Holdings plc ADR		16,608	$	915,598
Banco Santander S.A. ADR		57,745		523,747
BNP Paribas S.A. ADR		10,658		417,794
Allianz SE ADR		21,637		392,279
Banco Bilbao Vizcaya Argentaria S.A. ADR		29,519		365,740
Lloyds Banking Group plc ADR*		66,281		352,615
ING Groep N.V. ADR*		24,090		337,501
UBS AG		17,156		330,252
Barclays plc ADR		16,663		302,100
Credit Suisse Group AG ADR		7,966		247,265
Deutsche Bank AG		4,761		229,671
Zurich Insurance Group AG ADR		7,158		208,799
Total Financials				4,623,361
Health Care - 11.8%
Novartis AG ADR		12,321		990,361
Roche Holding AG ADR		12,241		859,318
GlaxoSmithKline plc ADR		11,262		601,278
Sanofi ADR		11,055		592,880
Bayer AG ADR		3,889		552,238
AstraZeneca plc ADR		7,562		448,956
Total Health Care				4,045,031
Consumer Staples - 10.0%
Nestle S.A. ADR		14,749		1,085,379
British American Tobacco plc ADR		4,740		509,171
Diageo plc ADR		3,188		422,155
Anheuser-Busch InBev N.V. ADR		3,422		364,306
Unilever N.V.		7,181		288,892
Reckitt Benckiser Group plc ADR1		16,623		267,464
Unilever plc ADR		6,136		252,803
Tesco plc ADR		13,900		234,076
Total Consumer Staples				3,424,246
Energy - 7.8%
BP plc ADR		14,185		689,532
Total S.A. ADR		11,140		682,548
Royal Dutch Shell plc ADR		8,750		623,613
BG Group plc ADR		15,551		337,301
Eni SpA ADR		6,753		327,453
Total Energy				2,660,447
Telecommunication Services - 4.4%
Vodafone Group plc ADR		23,343		917,613
Telefonica S.A. ADR		19,799		323,516
Deutsche Telekom AG ADR		16,061		277,213
Total Telecommunication Services				1,518,342
Materials - 4.3%
BASF SE ADR		4,304		463,928
Rio Tinto plc ADR		7,935		447,772
BHP Billiton Ltd. ADR		5,033		343,251
Air Liquide S.A. ADR		7,602		215,669
Total Materials				1,470,620
Industrials - 3.1%
Siemens AG ADR		3,990		552,655
ABB Ltd. ADR		10,371		275,454
Schneider Electric S.A. ADR		13,742		241,172
Total Industrials				1,069,281
Consumer Discretionary - 2.1%
Daimler AG ADR		5,225		456,352
Cie Financiere Richemont S.A. ADR		24,897		248,970
Total Consumer Discretionary				705,322
Information Technology - 1.6%
SAP AG ADR		4,281		373,046
Telefonaktiebolaget LM Ericsson — Class B ADR		14,492		177,382
Total Information Technology				550,428
Utilities - 0.7%
National Grid plc ADR		3,555		232,213
Total Common Stocks
(Cost $18,084,199)				20,299,291

	Face Amount
REPURCHASE AGREEMENTS††,2 - 34.8%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	9,422,175		9,422,175
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,519,769		1,519,769
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		943,225		943,225
Total Repurchase Agreements
(Cost $11,885,169)				11,885,169
SECURITIES LENDING COLLATERAL††,3 - 0.6%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		165,374		165,374
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		24,376		24,376
Total Securities Lending Collateral
(Cost $189,750)				189,750
Total Investments - 94.8%
(Cost $30,159,118)			$	32,374,210
Other Assets & Liabilities, net - 5.2%				1,774,843
Total Net Assets - 100.0%			$	34,149,053

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED††
March 2014 STOXX 50 Index Futures Contracts (Aggregate Value of Contracts $22,287,433)		557	$	1,119,923
CURRENCY FUTURES CONTRACTS PURCHASED†
March 2014 Euro FX Futures Contracts (Aggregate Value of Contracts $22,356,750)		130	$	34,317

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 94.7%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	7,863,208	$	7,863,208
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142		1,490,112		1,490,112
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,268,312		1,268,312
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		787,162		787,162
Total Repurchase Agreements
(Cost $11,408,794)				11,408,794
Total Investments - 94.7%
(Cost $11,408,794)			$	11,408,794
Other Assets & Liabilities, net - 5.3%				639,783
Total Net Assets - 100.0%			$	12,048,577

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $1,740,900)		15	$	87,290
INTEREST RATE FUTURES CONTRACTS PURCHASED†
March 2014 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $5,962,891)		50	$	(76,169	)

	Units
EQUITY INDEX SWAP AGREEMENTS††
Credit Suisse International, LLC January 2014 Credit Suisse Illiquidity Premium Liquid Index Swap, Terminating 01/22/14  (Notional Value $6,143,629)4		5,260	$	12,617
Credit Suisse International, LLC January 2014 Credit Suisse Merger Arbitrage Liquid Index Swap, Terminating 01/22/14  (Notional Value $3,810,358)5		3,275		6,513
(Total Notional Value $9,953,987)			$	19,130

CREDIT DEFAULT SWAP AGREEMENT PROTECTION SOLD††,3
Index	Counterparty	Protection Premium Rate			Maturity Date		Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.HY.21 Index	Barclays Bank plc		5.00	%		12/20/18	$	6,500,000	$	(7,052,669	)	$	285,665	$	267,004

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.
2	All or a portion of this security is pledged as short security collateral at December 31, 2013.
3	Credit Default Swaps — See Note 5.
4	Total Return based on Credit Suisse Illiquidity Premium Liquid Index +/- financing at a variable rate.
5	Total Return based on Credit Suisse Merger Arbitrage Liquid Index +/- financing at a variable rate.

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Asset Management & Custody Banks - 9.2%
BlackRock, Inc. — Class A		611	$	193,362
Bank of New York Mellon Corp.		4,789		167,328
Franklin Resources, Inc.		2,765		159,623
State Street Corp.		2,048		150,303
Ameriprise Financial, Inc.		1,082		124,484
T. Rowe Price Group, Inc.		1,433		120,042
Invesco Ltd.		2,907		105,815
Northern Trust Corp.		1,653		102,304
Affiliated Managers Group, Inc.*		410		88,921
Waddell & Reed Financial, Inc. — Class A		940		61,213
Legg Mason, Inc.		1,360		59,133
Eaton Vance Corp.		1,380		59,050
American Capital Ltd.*		3,620		56,617
Total Asset Management & Custody Banks				1,448,195
Specialized REITs - 8.3%
American Tower Corp. — Class A		1,860		148,465
Public Storage		878		132,157
Weyerhaeuser Co.		3,508		110,748
Ventas, Inc.		1,904		109,061
HCP, Inc.		2,965		107,689
Health Care REIT, Inc.		1,969		105,479
Host Hotels & Resorts, Inc.		5,178		100,660
Plum Creek Timber Company, Inc.		1,605		74,649
Rayonier, Inc.		1,434		60,371
Extra Space Storage, Inc.		1,370		57,718
Senior Housing Properties Trust		2,420		53,797
Hospitality Properties Trust		1,910		51,627
Corrections Corporation of America		1,591		51,023
Omega Healthcare Investors, Inc.		1,680		50,064
LaSalle Hotel Properties		1,480		45,673
CubeSmart		2,450		39,053
Total Specialized REITs				1,298,234
Diversified Banks - 8.3%
Wells Fargo & Co.		8,845		401,562
U.S. Bancorp		5,555		224,421
Itau Unibanco Holding S.A. ADR		8,422		114,287
Banco Bradesco S.A. ADR		8,118		101,719
ICICI Bank Ltd. ADR		2,699		100,322
HSBC Holdings plc ADR		1,721		94,879
Credicorp Ltd.		690		91,584
Toronto-Dominion Bank		950		89,528
Comerica, Inc.		1,628		77,395
Total Diversified Banks				1,295,697
Property & Casualty Insurance - 7.5%
Allstate Corp.		3,218		175,510
Travelers Companies, Inc.		1,663		150,568
Chubb Corp.		1,360		131,417
ACE Ltd.		1,222		126,514
Progressive Corp.		3,908		106,571
XL Group plc — Class A		3,259		103,767
Assured Guaranty Ltd.		4,060		95,775
Axis Capital Holdings Ltd.		1,970		93,713
Cincinnati Financial Corp.		1,487		77,874
Fidelity National Financial, Inc. — Class A		2,300		74,635
MBIA, Inc.*		3,430		40,954
Total Property & Casualty Insurance				1,177,298
Regional Banks - 7.4%
PNC Financial Services Group, Inc.		2,204		170,986
BB&T Corp.		3,621		135,136
SunTrust Banks, Inc.		3,164		116,467
Fifth Third Bancorp		5,364		112,805
M&T Bank Corp.		889		103,497
Regions Financial Corp.		9,971		98,613
KeyCorp		6,775		90,921
CIT Group, Inc.		1,639		85,441
Huntington Bancshares, Inc.		7,697		74,276
First Republic Bank		1,320		69,102
Zions Bancorporation		2,080		62,317
First Horizon National Corp.		3,760		43,804
Total Regional Banks				1,163,365
Other Diversified Financial Services - 6.7%
JPMorgan Chase & Co.		6,653		389,068
Bank of America Corp.		21,319		331,937
Citigroup, Inc.		6,313		328,970
Total Other Diversified Financial Services				1,049,975
Retail REITs - 5.9%
Simon Property Group, Inc.		1,179		179,396
General Growth Properties, Inc.		5,624		112,873
Macerich Co.		1,282		75,497
Kimco Realty Corp.		3,729		73,648
Realty Income Corp.		1,914		71,450
Cole Real Estate Investment, Inc.		4,880		68,515
Federal Realty Investment Trust		668		67,742
DDR Corp.		4,050		62,249
Regency Centers Corp.		1,180		54,634
Taubman Centers, Inc.		840		53,693
National Retail Properties, Inc.		1,665		50,499
CBL & Associates Properties, Inc.		2,560		45,978
Total Retail REITs				916,174
Life & Health Insurance - 5.6%
MetLife, Inc.		3,811		205,489
Prudential Financial, Inc.		1,860		171,529
Aflac, Inc.		2,198		146,826
Principal Financial Group, Inc.		2,045		100,839
Lincoln National Corp.		1,875		96,788
Unum Group		2,263		79,386
Torchmark Corp.		900		70,335
Total Life & Health Insurance				871,192
Investment Banking & Brokerage - 5.3%
Goldman Sachs Group, Inc.		1,336		236,820
Morgan Stanley		6,600		206,976
Charles Schwab Corp.		5,780		150,280
TD Ameritrade Holding Corp.		3,489		106,903
Raymond James Financial, Inc.		1,360		70,978
E*TRADE Financial Corp.*		3,170		62,259
Total Investment Banking & Brokerage				834,216

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Consumer Finance - 4.3%
American Express Co.		2,890	$	262,209
Capital One Financial Corp.		2,314		177,276
Discover Financial Services		2,449		137,022
SLM Corp.		3,392		89,142
Total Consumer Finance				665,649
Residential REITs - 3.9%
Equity Residential		2,189		113,542
AvalonBay Communities, Inc.		874		103,333
UDR, Inc.		2,768		64,633
Essex Property Trust, Inc.		421		60,418
Camden Property Trust		1,018		57,904
Mid-America Apartment Communities, Inc.		940		57,096
BRE Properties, Inc.		990		54,163
Apartment Investment & Management Co. — Class A		1,980		51,302
American Campus Communities, Inc.		1,490		47,993
Total Residential REITs				610,384
Multi-Line Insurance - 3.7%
American International Group, Inc.		4,470		228,193
Loews Corp.		2,360		113,846
Hartford Financial Services Group, Inc.		2,911		105,466
Genworth Financial, Inc. — Class A*		4,670		72,525
Assurant, Inc.		870		57,742
Total Multi-Line Insurance				577,772
Specialized Finance - 3.6%
IntercontinentalExchange Group, Inc.		593		133,377
CME Group, Inc. — Class A		1,630		127,890
McGraw Hill Financial, Inc.		1,580		123,556
Moody's Corp.		1,389		108,995
NASDAQ OMX Group, Inc.		1,690		67,262
Total Specialized Finance				561,080
Multi-Sector Holdings - 3.4%
Berkshire Hathaway, Inc. — Class B*		3,789		449,224
Leucadia National Corp.		3,007		85,218
Total Multi-Sector Holdings				534,442
Office REITs - 3.2%
Boston Properties, Inc.		998		100,169
SL Green Realty Corp.		833		76,953
Digital Realty Trust, Inc.		1,373		67,442
Alexandria Real Estate Equities, Inc.		870		55,349
Kilroy Realty Corp.		1,040		52,187
BioMed Realty Trust, Inc.		2,700		48,924
Douglas Emmett, Inc.		2,030		47,279
Highwoods Properties, Inc.		1,300		47,021
Total Office REITs				495,324
Thrifts & Mortgage Finance - 2.5%
Ocwen Financial Corp.*		1,310		72,640
New York Community Bancorp, Inc.		4,310		72,624
Hudson City Bancorp, Inc.		6,340		59,786
People's United Financial, Inc.		3,875		58,590
Nationstar Mortgage Holdings, Inc.*		1,240		45,830
MGIC Investment Corp.*		5,270		44,479
Radian Group, Inc.		2,970		41,936
Total Thrifts & Mortgage Finance				395,885
Reinsurance - 2.4%
PartnerRe Ltd.		930		98,050
Everest Re Group Ltd.		628		97,886
RenaissanceRe Holdings Ltd.		970		94,420
Validus Holdings Ltd.		2,310		93,070
Total Reinsurance				383,426
Insurance Brokers - 2.1%
Marsh & McLennan Companies, Inc.		2,797		135,263
Aon plc		1,533		128,603
Arthur J Gallagher & Co.		1,400		65,702
Total Insurance Brokers				329,568
Diversified REITs - 2.0%
Vornado Realty Trust		1,202		106,726
Duke Realty Corp.		3,880		58,355
Liberty Property Trust		1,700		57,579
Spirit Realty Capital, Inc.		5,100		50,133
American Realty Capital Properties, Inc.		3,200		41,152
Total Diversified REITs				313,945
Mortgage REITs - 1.7%
Annaly Capital Management, Inc.		8,050		80,259
American Capital Agency Corp.		3,704		71,450
Starwood Property Trust, Inc.		2,180		60,386
Two Harbors Investment Corp.		4,990		46,307
Total Mortgage REITs				258,402
Real Estate Services - 1.3%
CBRE Group, Inc. — Class A*		2,950		77,585
Realogy Holdings Corp.*		1,430		70,742
Jones Lang LaSalle, Inc.		550		56,315
Total Real Estate Services				204,642
Industrial REITs - 0.7%
Prologis, Inc.		3,056		112,919
Diversified Capital Markets - 0.6%
Deutsche Bank AG		1,896		91,463
Total Common Stocks
(Cost $9,459,497)				15,589,247
Total Investments - 99.6%
(Cost $9,459,497)			$	15,589,247
Other Assets & Liabilities, net - 0.4%				61,727
Total Net Assets - 100.0%			$	15,650,974

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

ADR — American Depositary Receipt

plc — Public Limited Company

REIT— Real Estate Investment Trust

Government Long Bond 1.2x Strategy Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Face Amount		Value
U.S. GOVERNMENT SECURITIES† - 61.9%
U.S. Treasury Bond
3.75% due 11/15/43	$	12,655,000	$	12,243,713
Total U.S. Government Securities
(Cost $12,277,820)				12,243,713
REPURCHASE AGREEMENTS††,1 - 37.6%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14		5,886,056		5,886,056
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		949,404		949,404
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		589,235		589,235
Total Repurchase Agreements
(Cost $7,424,695)				7,424,695
Total Investments - 99.5%
(Cost $19,702,515)			$	19,668,408
Other Assets & Liabilities, net - 0.5%				95,463
Total Net Assets - 100.0%			$	19,763,871

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS PURCHASED†
March 2014 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $12,801,625)		94	$	(94,286	)

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ Repurchase Agreements — See Note 3.

Health Care Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.3%
Pharmaceuticals - 31.0%
Johnson & Johnson		33,306	$	3,050,498
Pfizer, Inc.		86,284		2,642,879
Merck & Company, Inc.		46,320		2,318,316
AbbVie, Inc.		33,045		1,745,106
Bristol-Myers Squibb Co.		32,356		1,719,721
Eli Lilly & Co.		28,333		1,444,983
Valeant Pharmaceuticals International, Inc.*		10,166		1,193,488
Perrigo Company plc		7,294		1,119,408
Allergan, Inc.		10,068		1,118,353
Actavis plc*		6,055		1,017,240
Teva Pharmaceutical Industries Ltd. ADR		22,067		884,445
Mylan, Inc.*		17,976		780,158
Forest Laboratories, Inc.*		12,917		775,408
Zoetis, Inc.		23,600		771,484
Jazz Pharmaceuticals plc*		5,400		683,424
GlaxoSmithKline plc ADR		12,004		640,894
Novartis AG ADR		7,579		609,200
AstraZeneca plc ADR		9,988		592,988
Shire plc ADR		3,900		551,031
Endo Health Solutions, Inc.*		7,810		526,863
Hospira, Inc.*		11,973		494,245
Salix Pharmaceuticals Ltd.*		5,200		467,688
Questcor Pharmaceuticals, Inc.1		6,480		352,836
ViroPharma, Inc.*		7,000		348,950
Medicines Co.*		8,000		308,960
Santarus, Inc.*		8,700		278,052
Total Pharmaceuticals				26,436,618
Biotechnology - 20.2%
Gilead Sciences, Inc.*		26,976		2,027,247
Amgen, Inc.		15,653		1,786,946
Celgene Corp.*		9,674		1,634,519
Biogen Idec, Inc.*		5,606		1,568,279
Regeneron Pharmaceuticals, Inc.*		3,721		1,024,168
Alexion Pharmaceuticals, Inc.*		7,319		973,866
Vertex Pharmaceuticals, Inc.*		10,701		795,084
BioMarin Pharmaceutical, Inc.*		8,800		618,376
Pharmacyclics, Inc.*		5,300		560,634
Alkermes plc*		13,700		557,042
Incyte Corporation Ltd.*		10,900		551,867
United Therapeutics Corp.*		4,600		520,168
Seattle Genetics, Inc.*		11,000		438,790
Cubist Pharmaceuticals, Inc.*		6,286		432,917
Medivation, Inc.*		6,600		421,212
Isis Pharmaceuticals, Inc.*		10,300		410,352
Theravance, Inc.*		10,700		381,455
Alnylam Pharmaceuticals, Inc.*		5,900		379,547
Opko Health, Inc.*,1		40,700		343,508
NPS Pharmaceuticals, Inc.*		11,200		340,032
ACADIA Pharmaceuticals, Inc.*		11,800		294,882
Aegerion Pharmaceuticals, Inc.*		4,100		290,936
Celldex Therapeutics, Inc.*		11,600		280,836
Myriad Genetics, Inc.*,1		10,500		220,290
Ariad Pharmaceuticals, Inc.*,1		31,239		213,050
Sarepta Therapeutics, Inc.*,1		9,000		183,330
Total Biotechnology				17,249,333
Health Care Equipment - 16.9%
Abbott Laboratories		37,490		1,436,992
Medtronic, Inc.		24,812		1,423,961
Baxter International, Inc.		17,097		1,189,096
Stryker Corp.		13,453		1,010,858
Covidien plc		13,020		886,662
Becton Dickinson and Co.		8,007		884,693
St. Jude Medical, Inc.		13,063		809,253
Boston Scientific Corp.*		64,315		773,066
Zimmer Holdings, Inc.		8,208		764,904
Intuitive Surgical, Inc.*		1,961		753,181
CR Bard, Inc.		4,699		629,384
CareFusion Corp.*		13,834		550,870
Varian Medical Systems, Inc.*		7,036		546,627
ResMed, Inc.1		10,889		512,654
Mindray Medical International Ltd. ADR1		14,000		509,040
Edwards Lifesciences Corp.*		7,720		507,667
Hologic, Inc.*		20,840		465,774
IDEXX Laboratories, Inc.*		4,203		447,073
Thoratec Corp.*		7,600		278,160
Total Health Care Equipment				14,379,915
Managed Health Care - 7.5%
UnitedHealth Group, Inc.		22,174		1,669,703
WellPoint, Inc.		10,906		1,007,605
Aetna, Inc.		14,027		962,112
Cigna Corp.		10,843		948,546
Humana, Inc.		7,442		768,163
Centene Corp.*		6,000		353,700
WellCare Health Plans, Inc.*		4,920		346,466
Health Net, Inc.*		10,300		305,601
Total Managed Health Care				6,361,896
Life Sciences Tools & Services - 6.6%
Thermo Fisher Scientific, Inc.		10,792		1,201,688
Agilent Technologies, Inc.		14,214		812,899
Illumina, Inc.*,1		6,614		731,641
Life Technologies Corp.*		9,052		686,142
Waters Corp.*		5,497		549,700
Mettler-Toledo International, Inc.*		2,050		497,310
Covance, Inc.*		4,900		431,494
PerkinElmer, Inc.		9,900		408,177
PAREXEL International Corp.*		7,000		316,260
Total Life Sciences Tools & Services				5,635,311
Health Care Services - 5.6%
Express Scripts Holding Co.*		20,596		1,446,663
DaVita HealthCare Partners, Inc.*		11,102		703,534
Catamaran Corp.*		12,490		593,025
Laboratory Corporation of America Holdings*		5,965		545,022
Quest Diagnostics, Inc.		9,944		532,402
Omnicare, Inc.		7,979		481,612
MEDNAX, Inc.*		8,500		453,730
Total Health Care Services				4,755,988
Health Care Distributors - 4.5%
McKesson Corp.		7,137		1,151,911
Cardinal Health, Inc.		13,552		905,409
AmerisourceBergen Corp. — Class A		10,860		763,567

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.3% (continued)
Health Care Distributors - 4.5% (continued)
Henry Schein, Inc.*		5,284	$	603,750
Patterson Companies, Inc.		9,800		403,760
Total Health Care Distributors				3,828,397
Health Care Facilities - 3.9%
HCA Holdings, Inc.*		18,927		903,007
Universal Health Services, Inc. — Class B		6,862		557,606
Tenet Healthcare Corp.*		9,500		400,140
Community Health Systems, Inc.*		10,000		392,700
Health Management Associates, Inc. — Class A*		27,300		357,630
Brookdale Senior Living, Inc. — Class A*		12,800		347,904
VCA Antech, Inc.*		10,300		323,008
Total Health Care Facilities				3,281,995
Health Care Supplies - 1.6%
DENTSPLY International, Inc.		10,400		504,192
Cooper Companies, Inc.		3,800		470,592
Align Technology, Inc.*		7,000		400,050
Total Health Care Supplies				1,374,834
Health Care Technology - 1.5%
Cerner Corp.*		14,996		835,877
athenahealth, Inc.*		3,200		430,400
Total Health Care Technology				1,266,277
Total Common Stocks
(Cost $51,259,646)				84,570,564

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 2.7%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,983,179		1,983,179
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		292,321		292,321
Total Securities Lending Collateral
(Cost $2,275,500)				2,275,500
Total Investments - 102.0%
(Cost $53,535,146)			$	86,846,064
Other Assets & Liabilities, net - (2.0)%				(1,683,140	)
Total Net Assets - 100.0%			$	85,162,924

^* Non-income producing security.

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
EXCHANGE TRADED FUNDS† - 5.5%
iShares iBoxx $ High Yield Corporate Bond ETF		60,906	$	5,656,950
Total Exchange Traded Funds
(Cost $5,585,585)				5,656,950

	Face Amount
REPURCHASE AGREEMENT††,1 - 0.2%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142	$	220,041		220,041
Total Repurchase Agreement
(Cost $220,041)				220,041
Total Investments - 5.7%
(Cost $5,805,626)			$	5,876,991
Other Assets & Liabilities, net - 94.3%				97,472,773
Total Net Assets - 100.0%			$	103,349,764

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS PURCHASED†
March 2014 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $86,973,117)		729	$	(998,074	)

CREDIT DEFAULT SWAP AGREEMENT PROTECTION SOLD††,3
Index	Counterparty	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.HY-21 Index	Goldman Sachs International		5.00	%	12/20/18	$	17,500,000	$	(18,987,954	)	$	798,991	$	688,962
CDX.NA.HY-21 Index	Barclays Bank plc		5.00	%	12/20/18		71,400,000		(77,470,852	)		3,310,360		2,760,489

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ Repurchase Agreement — See Note 3.

² All or a portion of this security is pledged as credit default swap collateral at December 31, 2013.

³ Credit Default Swaps — See Note 5.

Internet Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Internet Software & Services - 54.9%
Google, Inc. — Class A*		3,002	$	3,364,372
Facebook, Inc. — Class A*		36,388		1,988,968
eBay, Inc.*		26,960		1,479,834
Twitter, Inc.*,1		18,030		1,147,610
Yahoo!, Inc.*		27,520		1,112,909
Baidu, Inc. ADR*		5,569		990,614
LinkedIn Corp. — Class A*		4,174		905,048
SINA Corp.*		7,085		596,911
Qihoo 360 Technology Company Ltd. ADR*		6,479		531,602
Equinix, Inc.*		2,969		526,849
Akamai Technologies, Inc.*		10,730		506,241
Yandex N.V. — Class A*		11,607		500,842
VeriSign, Inc.*		8,374		500,598
Youku Tudou, Inc. ADR*		16,503		500,041
MercadoLibre, Inc.		4,388		472,983
Sohu.com, Inc.*		6,163		449,468
SouFun Holdings Ltd. ADR		5,430		447,486
YY, Inc. ADR*		8,700		437,436
NetEase, Inc. ADR		5,549		436,151
Bitauto Holdings Ltd. ADR*		12,900		412,284
Rackspace Hosting, Inc.*		10,452		408,987
CoStar Group, Inc.*		2,190		404,230
IAC/InterActiveCorp		5,740		394,281
Yelp, Inc. — Class A*		5,569		383,983
Pandora Media, Inc.*		14,248		378,997
VistaPrint N.V.*1		6,630		376,916
AOL, Inc.*		7,307		340,652
Zillow, Inc. — Class A*		3,846		314,334
Shutterstock, Inc.*		3,410		285,178
Cornerstone OnDemand, Inc.*		5,320		283,769
j2 Global, Inc.		5,334		266,753
Dealertrack Technologies, Inc.*		5,480		263,478
Demandware, Inc.*		3,990		255,839
Gogo, Inc.*		10,140		251,573
Rocket Fuel, Inc.*,1		4,010		246,575
OpenTable, Inc.*		2,952		234,300
Bankrate, Inc.*		12,960		232,502
Web.com Group, Inc.*		7,190		228,570
WebMD Health Corp. — Class A*		5,610		221,595
Trulia, Inc.*		6,040		213,031
ValueClick, Inc.*		9,065		211,849
Blucora, Inc.*		6,510		189,832
Angie's List, Inc.*		10,625		160,969
Monster Worldwide, Inc.*		20,973		149,537
Liquidity Services, Inc.*,1		6,479		146,814
Total Internet Software & Services				24,152,791
Internet Retail - 19.1%
Amazon.com, Inc.*		5,813		2,318,167
Priceline.com, Inc.*		1,201		1,396,042
Netflix, Inc.*		2,166		797,456
TripAdvisor, Inc.*		7,186		595,216
Ctrip.com International Ltd. ADR*		10,880		539,866
Expedia, Inc.		7,352		512,140
Groupon, Inc. — Class A*		39,325		462,855
Vipshop Holdings Ltd. ADR*		5,250		439,320
E-Commerce China Dangdang, Inc. — Class A ADR*,1		39,040		372,832
Liberty Ventures*		3,039		372,551
HomeAway, Inc.*		8,157		333,458
Shutterfly, Inc.*		4,802		244,566
Total Internet Retail				8,384,469
Communications Equipment - 13.3%
QUALCOMM, Inc.		26,603		1,975,272
Cisco Systems, Inc.		86,768		1,947,942
Juniper Networks, Inc.*		26,582		599,956
BlackBerry Ltd.*,1		76,466		569,672
F5 Networks, Inc.*		5,240		476,106
Ciena Corp.*		11,677		279,431
Total Communications Equipment				5,848,379
Systems Software - 4.0%
Symantec Corp.		29,727		700,963
Red Hat, Inc.*		10,582		593,015
Check Point Software Technologies Ltd.*		7,139		460,608
Total Systems Software				1,754,586
Movies & Entertainment - 3.2%
Time Warner, Inc.		19,986		1,393,424
Application Software - 2.5%
Intuit, Inc.		10,562		806,092
TIBCO Software, Inc.*		14,017		315,102
Total Application Software				1,121,194
Semiconductors - 1.6%
Broadcom Corp. — Class A		24,182		716,996
Investment Banking & Brokerage - 0.9%
E*TRADE Financial Corp.*		20,955		411,556
Total Common Stocks
(Cost $33,506,017)				43,783,395

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 4.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,829,593		1,829,593
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		269,682		269,682
Total Securities Lending Collateral
(Cost $2,099,275)				2,099,275
Total Investments - 104.3%
(Cost $35,605,292)			$	45,882,670
Other Assets & Liabilities, net - (4.3)%				(1,897,823	)
Total Net Assets - 100.0%			$	43,984,847

Internet Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.
	ADR — American Depositary Receipt

Inverse Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS(Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 116.7%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	2,422,419	$	2,422,419
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142		1,071,067		1,071,067
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		390,729		390,729
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		242,501		242,501
Total Repurchase Agreements
(Cost $4,126,716)				4,126,716
Total Investments - 116.7%
(Cost $4,126,716)			$	4,126,716
Other Assets & Liabilities, net - (16.7)%				(590,251	)
Total Net Assets - 100.0%			$	3,536,465

	Units		Unrealized Loss
EQUITY INDEX SWAP AGREEMENTS SOLD SHORT††
Goldman Sachs International January 2014 Bank of New York Mellon Emerging Markets 50 ADR Index Swap, Terminating 01/28/143 (Notional Value $7,039,896)		2,987	$	(88,110	)

††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.
2	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
3	Total Return based on Bank of New York Mellon Emerging Markets 50 ADR Index +/- financing at a variable rate.

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES†† - 67.7%
Farmer Mac1
0.08% due 01/15/14	$	15,082,000	$	15,081,894
0.11% due 03/25/14		15,000,000		14,998,636
0.07% due 03/25/14		15,000,000		14,998,635
0.10% due 04/01/14		15,000,000		14,997,780
0.16% due 09/23/14		15,000,000		14,987,910
0.06% due 01/03/14		10,000,000		9,999,990
0.16% due 02/25/14		10,000,000		9,999,550
0.10% due 04/25/14		9,491,000		9,489,216
Total Farmer Mac				104,553,611
Federal Home Loan Bank1
0.04% due 03/03/14		50,000,000		49,996,650
0.15% due 03/26/14		28,600,000		28,597,369
0.19% due 04/09/14		10,000,000		9,998,380
0.10% due 04/25/142		10,000,000		9,998,120
Total Federal Home Loan Bank				98,590,519
Federal Farm Credit Bank1
0.00% due 01/02/14		25,000,000		24,999,993
0.02% due 01/31/14		25,000,000		24,999,583
0.16% due 06/10/14		15,000,000		14,994,705
0.08% due 03/31/14		10,000,000		9,999,020
Total Federal Farm Credit Bank				74,993,301
Freddie Mac3
0.08% due 02/24/14		15,000,000		14,999,340
0.09% due 03/13/14		15,000,000		14,998,830
0.11% due 06/10/14		15,000,000		14,994,705
0.13% due 06/25/14		10,000,000		9,996,130
Total Freddie Mac				54,989,005
Fannie Mae3
0.07% due 01/03/14		15,000,000		14,999,985
0.12% due 02/18/14		10,000,000		9,999,610
Total Fannie Mae				24,999,595
Total Federal Agency Discount Notes
(Cost $358,084,426)				358,126,031
FEDERAL AGENCY NOTES†† - 2.8%
Federal Home Loan Bank1
0.09% due 02/12/14		15,000,000		14,999,340
Total Federal Agency Notes
(Cost $15,000,000)				14,999,340
REPURCHASE AGREEMENT†† - 66.5%

Individual Repurchase Agreement4
Barclays Capital issued 12/31/13      at (0.10)% due 01/02/14      (secured by a U.S. Treasury Bond,      at a rate of 3.75% and      maturing 11/15/43 as collateral      with a value of $359,048,625      to be repurchased at $352,006,500	352,008,456	352,008,456

Total Repurchase Agreement
(Cost $352,008,456)		352,008,456
Total Long Investments - 137.0%
(Cost $725,092,882)	$	725,133,827

U.S. Government Securities Sold Short† - (66.3)%
U.S. Treasury Bond
3.75% due 11/15/43		362,555,000		(350,771,963	)
Total U.S. Government Securities Sold Short
(Proceeds $358,907,497)				(350,771,963	)
Other Assets & Liabilities, net - 29.3%				154,849,592
Total Net Assets - 100.0%			$	529,211,456
	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS SOLD SHORT†
March 2014 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $198,289,000)		1,456	$	1,571,767

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.

² Security is segregated as collateral for short positions.

³ On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.

⁴ All or a portion of this security is pledged as short collateral at December 31, 2013.

Inverse High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENT††,1 - 0.5%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142	$	65,982	$	65,982
Total Repurchase Agreement
(Cost $65,982)				65,982
Total Investments - 0.5%
(Cost $65,982)			$	65,982
Other Assets & Liabilities, net - 99.5%				14,135,970
Total Net Assets - 100.0%			$	14,201,952

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS SOLD SHORT†
March 2014 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $13,004,211)		109	$	103,222

CREDIT DEFAULT SWAP AGREEMENT PROTECTION PURCHASED^††

Index	Counterparty	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value		Upfront Premiums Paid			Unrealized Depreciation
CDX.NA.HY-21 Index	Barclays Bank plc		5.00	%	12/20/18	$	13,400,000	$	14,539,348	$	(896,324	)	$	(243,023	)

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreement — See Note 3.
2	All or a portion of this security is pledged as credit default swap collateral at December 31, 2013.

Inverse Mid-Cap Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 110.8%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	2,373,011	$	2,373,011
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142		415,873		415,873
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		382,760		382,760
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		237,555		237,555
Total Repurchase Agreements
(Cost $3,409,199)				3,409,199
Total Investments - 110.8%
(Cost $3,409,199)			$	3,409,199
Other Assets & Liabilities, net - (10.8)%				(331,095	)
Total Net Assets - 100.0%			$	3,078,104

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT†
March 2014 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $268,180)		2	$	(11,793	)

	Units
EQUITY INDEX SWAP AGREEMENTS SOLD SHORT††
Goldman Sachs International January 2014 S&P MidCap 400 Index Swap, Terminating 01/28/143 (Notional Value $392,343)		292	$	(2,427	)
Credit Suisse Capital, LLC January 2014 S&P MidCap 400 Index Swap, Terminating 01/28/143 (Notional Value $724,470)		540		(4,131	)
Barclays Bank plc January 2014 S&P MidCap 400 Index Swap, Terminating 01/31/143 (Notional Value $1,699,981)		1,266		(5,512	)
(Total Notional Value $2,816,794)			$	(12,070	)

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ Repurchase Agreements — See Note 3.

² All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.

³ Total Return based on S&P MidCap 400 Index +/- financing at a variable rate.

 plc —   Public Limited Company

Inverse NASDAQ-100® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 28.9%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,015,834	$	1,015,834
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142		912,993		912,993
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		163,851		163,851
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		101,692		101,692
Total Repurchase Agreements
(Cost $2,194,370)				2,194,370
Total Investments - 28.9%
(Cost $2,194,370)			$	2,194,370
Other Assets & Liabilities, net - 71.1%				5,406,964
Total Net Assets - 100.0%			$	7,601,334

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT†
March 2014 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $358,900)		5	$	(5,955	)

	Units
EQUITY INDEX SWAP AGREEMENTS SOLD SHORT††
Barclays Bank plc January 2014 NASDAQ-100 Index Swap, Terminating 01/31/143 (Notional Value $2,865,323)		798	$	(1,856	)
Credit Suisse Capital, LLC January 2014 NASDAQ-100 Index Swap, Terminating 01/28/143 (Notional Value $1,932,140)		538		(4,158	)
Goldman Sachs International January 2014 NASDAQ-100 Index Swap, Terminating 01/28/143 (Notional Value $2,456,997)		684		(5,792	)
(Total Notional Value $7,254,460)			$	(11,806	)

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ Repurchase Agreements — See Note 3.

² All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.

³ Total Return based on NASDAQ-100 Index +/- financing at a variable rate.

plc — Public Limited Company

Inverse Russell 2000® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 84.9%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	8,692,713	$	8,692,713
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,402,109		1,402,109
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		870,201		870,201
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142		653,652		653,652
Total Repurchase Agreements
(Cost $11,618,675)				11,618,675
Total Investments - 84.9%
(Cost $11,618,675)			$	11,618,675
Other Assets & Liabilities, net - 15.1%				2,063,845
Total Net Assets - 100.0%			$	13,682,520

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT†
March 2014 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $6,499,360)		56	$	(66,393	)

	Units
EQUITY INDEX SWAP AGREEMENTS SOLD SHORT††
Credit Suisse Capital, LLC January 2014 Russell 2000 Index Swap, Terminating 01/28/143 (Notional Value $1,451,390)		1,247	$	(2,121	)
Goldman Sachs International January 2014 Russell 2000 Index Swap, Terminating 01/28/143 (Notional Value $3,945,176)		3,390		(5,140	)
Barclays Bank plc January 2014 Russell 2000 Index Swap, Terminating 01/31/143 (Notional Value $1,943,772)		1,670		(5,412	)
(Total Notional Value $7,340,338)			$	(12,673	)

^† Value determined based on Level 1 inputs — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ Repurchase Agreements — See Note 3.

² All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.

³ Total Return based on Russell 2000 Index +/- financing at a variable rate.

plc — Public Limited Company

Inverse S&P 500® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES†† - 77.0%
Farmer Mac1
0.03% due 01/02/14	$	25,000,000	$	24,999,979
0.16% due 02/25/14		15,000,000		14,999,325
0.10% due 04/08/14		15,000,000		14,997,600
0.07% due 03/25/14		10,000,000		9,999,090
0.11% due 03/25/14		10,000,000		9,999,090
Total Farmer Mac				74,995,084
Federal Home Loan Bank1
0.08% due 02/14/14		20,000,000		19,999,280
Freddie Mac2
0.08% due 02/24/14		10,000,000		9,999,560
0.13% due 06/25/14		10,000,000		9,996,130
Total Freddie Mac				19,995,690
Federal Farm Credit Bank1
0.08% due 03/31/14		10,000,000		9,999,020
Total Federal Agency Discount Notes
(Cost $124,976,623)				124,989,074
REPURCHASE AGREEMENTS††,3 - 8.8%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14		11,335,109		11,335,109
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,828,320		1,828,320
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		1,134,723		1,134,723
Total Repurchase Agreements
(Cost $14,298,152)				14,298,152
Total Investments - 85.8%
(Cost $139,274,775)			$	139,287,226
Other Assets & Liabilities, net - 14.2%				23,074,607
Total Net Assets - 100.0%			$	162,361,833

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT†
March 2014 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $19,549,050)		212	$	(772,616	)

	Units
EQUITY INDEX SWAP AGREEMENTS SOLD SHORT††
Barclays Bank plc January 2014 S&P 500 Index Swap, Terminating 01/31/144 (Notional Value $6,363,798)		3,443	$	(25,479	)
Goldman Sachs International January 2014 S&P 500 Index Swap, Terminating 01/28/144 (Notional Value $18,682,182)		10,107		(35,882	)
Credit Suisse Capital, LLC January 2014 S&P 500 Index Swap, Terminating 01/28/144 (Notional Value $118,134,693)		63,913		(434,154	)
(Total Notional Value $143,180,673)			$	(495,515	)

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
2	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
3	Repurchase Agreements — See Note 3.
4	Total Return based on S&P 500 Index +/- financing at a variable rate.

plc — Public Limited Company

Japan 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENTS††,1 - 85.1%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	6,976,142	$	6,976,142
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,125,231		1,125,231
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		698,360		698,360
Total Repurchase Agreements
(Cost $8,799,733)				8,799,733
Total Investments - 85.1%
(Cost $8,799,733)			$	8,799,733
Other Assets & Liabilities, net - 14.9%				1,543,095
Total Net Assets - 100.0%			$	10,342,828

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 Nikkei-225 Index Futures Contracts (Aggregate Value of Contracts $20,670,300)		252	$	770,156
CURRENCY FUTURES CONTRACTS PURCHASED†
March 2014 Japanese Yen Futures Contracts (Aggregate Value of Contracts $20,666,850)		174	$	(375,687	)

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Restaurants - 16.1%
McDonald's Corp.		14,309	$	1,388,401
Starbucks Corp.		13,768		1,079,274
Yum! Brands, Inc.		10,871		821,956
Chipotle Mexican Grill, Inc. — Class A*		1,009		537,575
Darden Restaurants, Inc.		7,283		395,977
Panera Bread Co. — Class A*		1,918		338,891
Dunkin' Brands Group, Inc.		6,590		317,638
Domino's Pizza, Inc.		3,950		275,118
Wendy's Co.		30,480		265,786
Brinker International, Inc.		5,350		247,919
Bloomin' Brands, Inc.*		10,180		244,422
Cracker Barrel Old Country Store, Inc.		2,160		237,751
Cheesecake Factory, Inc.		4,584		221,270
Buffalo Wild Wings, Inc.*		1,497		220,358
Jack in the Box, Inc.*		4,030		201,581
Texas Roadhouse, Inc. — Class A		7,100		197,380
Krispy Kreme Doughnuts, Inc.*		8,080		155,863
Total Restaurants				7,147,160
Movies & Entertainment - 15.3%
Walt Disney Co.		21,554		1,646,726
Twenty-First Century Fox, Inc. — Class A		36,260		1,275,627
Time Warner, Inc.		16,142		1,125,420
Viacom, Inc. — Class B		9,918		866,238
Madison Square Garden Co. — Class A*		5,190		298,840
Lions Gate Entertainment Corp.		8,967		283,895
Live Nation Entertainment, Inc.*		14,170		279,999
Cinemark Holdings, Inc.		8,306		276,839
Regal Entertainment Group — Class A		12,810		249,155
Imax Corp.*		8,340		245,863
DreamWorks Animation SKG, Inc. — Class A*		6,670		236,785
Total Movies & Entertainment				6,785,387
Cable & Satellite - 13.9%
Comcast Corp. — Class A		31,603		1,642,249
DIRECTV*		12,642		873,436
Time Warner Cable, Inc.		6,342		859,341
DISH Network Corp. — Class A*		12,576		728,402
Liberty Global plc — Class A*		6,839		608,603
Charter Communications, Inc. — Class A*		3,970		542,937
AMC Networks, Inc. — Class A*		4,730		322,160
Cablevision Systems Corp. — Class A		17,578		315,174
Starz — Class A*		8,787		256,932
Total Cable & Satellite				6,149,234
Tobacco - 9.6%
Philip Morris International, Inc.		19,306		1,682,132
Altria Group, Inc.		31,969		1,227,290
Reynolds American, Inc.		14,885		744,101
Lorillard, Inc.		12,182		617,384
Total Tobacco				4,270,907
Casinos & Gaming - 8.9%
Las Vegas Sands Corp.		14,547		1,147,321
Wynn Resorts Ltd.		3,241		629,435
MGM Resorts International*		20,080		472,282
Melco Crown Entertainment Ltd. ADR*		10,653		417,811
International Game Technology		17,388		315,766
Caesars Entertainment Corp.*		11,670		251,372
Bally Technologies, Inc.*		3,177		249,236
Pinnacle Entertainment, Inc.*		6,710		174,393
Boyd Gaming Corp.*		14,050		158,203
Penn National Gaming, Inc.*		10,283		147,355
Total Casinos & Gaming				3,963,174
Broadcasting - 7.5%
CBS Corp. — Class B		13,915		886,942
Discovery Communications, Inc. — Class A*		8,710		787,558
Liberty Media Corp. — Class A*		3,960		579,942
Scripps Networks Interactive, Inc. — Class A		5,690		491,673
Grupo Televisa SAB ADR		10,020		303,205
Sinclair Broadcast Group, Inc. — Class A		7,630		272,620
Total Broadcasting				3,321,940
Hotels, Resorts & Cruise Lines - 7.1%
Carnival Corp.		19,694		791,109
Marriott International, Inc. — Class A		10,903		538,172
Starwood Hotels & Resorts Worldwide, Inc.		6,716		533,586
Royal Caribbean Cruises Ltd.		9,382		444,894
Wyndham Worldwide Corp.		5,855		431,455
Norwegian Cruise Line Holdings Ltd.*		10,920		387,332
Total Hotels, Resorts & Cruise Lines				3,126,548
Publishing - 4.7%
Thomson Reuters Corp.		20,914		790,967
News Corp. — Class A*		25,983		468,214
Gannett Company, Inc.		12,706		375,843
New York Times Co. — Class A		14,180		225,037
Meredith Corp.		4,230		219,114
Total Publishing				2,079,175
Leisure Products - 4.2%
Mattel, Inc.		12,289		584,711
Polaris Industries, Inc.		3,025		440,561
Hasbro, Inc.		6,862		377,479
Brunswick Corp.		6,274		288,980
Sturm Ruger & Company, Inc.1		2,270		165,914
Total Leisure Products				1,857,645
Distillers & Vintners - 4.1%
Brown-Forman Corp. — Class B		7,373		557,179
Constellation Brands, Inc. — Class A*		7,251		510,325
Beam, Inc.		6,804		463,080
Diageo plc ADR		2,170		287,351
Total Distillers & Vintners				1,817,935

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5% (continued)
Brewers - 2.8%
Molson Coors Brewing Co. — Class B		7,936	$	445,605
Anheuser-Busch InBev N.V. ADR		3,723		396,351
AMBEV S.A. ADR		51,530		378,746
Total Brewers				1,220,702
Home Entertainment Software - 2.3%
Activision Blizzard, Inc.		27,291		486,599
Electronic Arts, Inc.*		15,820		362,911
Take-Two Interactive Software, Inc.*		10,039		174,377
Total Home Entertainment Software				1,023,887
Motorcycle Manufacturers - 1.2%
Harley-Davidson, Inc.		7,907		547,481
Leisure Facilities - 1.1%
Six Flags Entertainment Corp.		7,240		266,577
Life Time Fitness, Inc.*		4,339		203,933
Total Leisure Facilities				470,510
Education Services - 0.7%
Graham Holdings Co. — Class B		450		298,494
Total Common Stocks
(Cost $32,114,106)				44,080,179

	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 0.3%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	102,841		102,841
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		15,159		15,159
Total Securities Lending Collateral
(Cost $118,000)				118,000
Total Investments - 99.8%
(Cost $32,232,106)			$	44,198,179
Other Assets & Liabilities, net - 0.2%				94,996
Total Net Assets - 100.0%			$	44,293,175

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4 .

ADR — American Depositary Receipt

plc — Public Limited Company

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 65.5%
Financials - 16.4%
Northern Trust Corp.1		5,030	$	311,307
Lazard Ltd. — Class A1		6,851		310,487
Synovus Financial Corp.1		86,140		310,104
LPL Financial Holdings, Inc.1		6,569		308,940
Popular, Inc.*,1		10,748		308,790
BOK Financial Corp.1		4,655		308,720
Endurance Specialty Holdings Ltd.1		5,216		306,023
Artisan Partners Asset Management, Inc. — Class A1		4,653		303,329
Protective Life Corp.1		5,977		302,794
Allied World Assurance Company Holdings AG1		2,682		302,556
Valley National Bancorp1		29,830		301,880
Validus Holdings Ltd.1		7,492		301,853
StanCorp Financial Group, Inc.1		4,554		301,703
TCF Financial Corp.1		18,544		301,340
NASDAQ OMX Group, Inc.1		7,567		301,167
American National Insurance Co.1		2,623		300,438
BankUnited, Inc.1		9,123		300,329
Mercury General Corp.1		6,020		299,254
Fulton Financial Corp.1		22,853		298,917
First Citizens BancShares, Inc. — Class A1		1,336		297,434
Ares Capital Corp.1		16,735		297,381
Hanover Insurance Group, Inc.1		4,969		296,699
HCC Insurance Holdings, Inc.1		6,427		296,541
Aspen Insurance Holdings Ltd.1		7,171		296,234
Kemper Corp.1		7,225		295,358
SEI Investments Co.1		8,498		295,136
ProAssurance Corp.1		6,081		294,807
Interactive Brokers Group, Inc. — Class A1		11,912		289,938
First Niagara Financial Group, Inc.1		27,159		288,429
CBOE Holdings, Inc.1		5,072		263,541
Bank of Hawaii Corp.1		3,505		207,286
Legg Mason, Inc.1		4,559		198,225
Associated Banc-Corp.1		8,641		150,353
PartnerRe Ltd.1		1,203		126,832
WR Berkley Corp.1		2,741		118,932
American Financial Group, Inc.1		1,169		67,475
Commerce Bancshares, Inc.1		1,273		57,170
Total Financials				9,917,702
Industrials - 16.1%
Textron, Inc.1		9,300		341,867
Kirby Corp.*,1		3,284		325,937
Huntington Ingalls Industries, Inc.1		3,572		321,516
Northrop Grumman Corp.1		2,742		314,261
Lockheed Martin Corp.1		2,109		313,524
Hexcel Corp.*,1		6,986		312,204
Robert Half International, Inc.1		7,404		310,894
Spirit Aerosystems Holdings, Inc. — Class A*,1		9,100		310,128
Triumph Group, Inc.1		4,067		309,377
Copa Holdings S.A. — Class A1		1,926		308,372
Dun & Bradstreet Corp.1		2,502		307,120
General Dynamics Corp.1		3,200		305,760
Landstar System, Inc.1		5,322		305,748
Harsco Corp.1		10,903		305,611
Alaska Air Group, Inc.1		4,128		302,871
Exelis, Inc.1		15,871		302,501
Manpowergroup, Inc.1		3,520		302,227
IHS, Inc. — Class A*,1		2,518		301,405
Rockwell Collins, Inc.1		4,072		301,002
Old Dominion Freight Line, Inc.*,1		5,676		300,942
L-3 Communications Holdings, Inc.1		2,800		299,208
Hubbell, Inc. — Class B1		2,746		299,039
Equifax, Inc.1		4,326		298,883
B/E Aerospace, Inc.*,1		3,421		297,730
TransDigm Group, Inc.1		1,840		296,277
Alliant Techsystems, Inc.1		2,431		295,804
Southwest Airlines Co.1		15,614		294,168
Verisk Analytics, Inc. — Class A*,1		4,414		290,088
Con-way, Inc.1		7,243		287,620
United Continental Holdings, Inc.*,1		7,557		285,881
Delta Air Lines, Inc.1		10,298		282,886
AMERCO*,1		763		181,472
Valmont Industries, Inc.1		698		104,086
Nielsen Holdings N.V.1		550		25,240
Total Industrials				9,741,649
Consumer Discretionary - 16.0%
Clear Channel Outdoor Holdings, Inc. — Class A1		33,290		337,561
Groupon, Inc. — Class A*,1		28,413		334,421
Cablevision Systems Corp. — Class A1		17,874		320,481
Expedia, Inc.1		4,595		320,088
Liberty Ventures*,1		2,607		319,592
Amazon.com, Inc.*,1		800		319,032
HomeAway, Inc.*,1		7,722		315,675
Gentex Corp.1		9,531		314,429
Scripps Networks Interactive, Inc. — Class A1		3,616		312,459
John Wiley & Sons, Inc. — Class A1		5,651		311,935
Goodyear Tire & Rubber Co.1		12,904		307,760
Liberty Interactive Corp. — Class A*,1		10,477		307,500
Darden Restaurants, Inc.1		5,617		305,397
Allison Transmission Holdings, Inc.1		11,061		305,394
BorgWarner, Inc.1		5,460		305,269
Hyatt Hotels Corp. — Class A*,1		6,166		304,971
Gannett Company, Inc.1		10,286		304,260
Visteon Corp.*,1		3,670		300,536
Johnson Controls, Inc.1		5,841		299,643
Delphi Automotive plc1		4,979		299,387
TRW Automotive Holdings Corp.*,1		4,012		298,453
News Corp. — Class A*,1		16,500		297,330
TripAdvisor, Inc.*,1		3,577		296,283
Morningstar, Inc.1		3,793		296,195
Cinemark Holdings, Inc.1		8,886		296,170
Regal Entertainment Group — Class A1		14,878		289,377

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 65.5% (continued)
Consumer Discretionary - 16.0% (continued)
Lear Corp.1		3,549	$	287,363
Six Flags Entertainment Corp.1		7,727		284,508
Priceline.com, Inc.*,1		231		268,514
Netflix, Inc.*,1		592		217,957
Brinker International, Inc.1		4,436		205,564
Burger King Worldwide, Inc.1		6,863		156,888
Choice Hotels International, Inc.1		2,367		116,243
Taylor Morrison Home Corp. — Class A*,1		2,549		57,225
DISH Network Corp. — Class A*,1		900		52,128
CST Brands, Inc.1		559		20,526
Total Consumer Discretionary				9,686,514
Health Care - 7.2%
Allergan, Inc.1		3,014		334,795
Techne Corp.1		3,378		319,796
Forest Laboratories, Inc.*,1		5,249		315,097
QIAGEN N.V.*,1		13,000		309,530
PerkinElmer, Inc.1		7,431		306,380
Allscripts Healthcare Solutions, Inc.*,1		19,712		304,748
Zoetis, Inc.1		9,219		301,369
Hospira, Inc.*,1		7,282		300,601
AmerisourceBergen Corp. — Class A1		4,226		297,130
Jazz Pharmaceuticals plc*,1		2,332		295,138
Mallinckrodt plc*,1		5,558		290,461
Bio-Rad Laboratories, Inc. — Class A*,1		2,345		289,865
Cardinal Health, Inc.1		4,053		270,781
Health Net, Inc.*,1		8,874		263,292
Bruker Corp.*,1		7,566		149,580
Total Health Care				4,348,563
Information Technology - 4.8%
IAC/InterActiveCorp1		4,864		334,109
Booz Allen Hamilton Holding Corp.1		16,781		321,356
Leidos Holdings, Inc.1		6,748		313,715
Zebra Technologies Corp. — Class A*,1		5,788		313,015
Computer Sciences Corp.1		5,565		310,972
Lexmark International, Inc. — Class A1		8,639		306,857
VeriSign, Inc.*,1		5,100		304,878
Diebold, Inc.1		9,077		299,632
Dolby Laboratories, Inc. — Class A*,1		7,728		297,992
AOL, Inc.*,1		1,920		89,510
Total Information Technology				2,892,036
Consumer Staples - 2.9%
Nu Skin Enterprises, Inc. — Class A1		2,240		309,612
Estee Lauder Companies, Inc. — Class A1		4,000		301,280
Dean Foods Co.*,1		17,126		294,397
Avon Products, Inc.1		16,928		291,500
Coty, Inc. — Class A1		19,086		291,062
Hillshire Brands Co.1		7,346		245,650
Total Consumer Staples				1,733,501
Energy - 1.1%
World Fuel Services Corp.1		7,005		302,336
CVR Energy, Inc.1		4,474		194,306
Teekay Corp.1		3,614		173,508
Total Energy				670,150
Materials - 1.0%
Kronos Worldwide, Inc.1		18,600		354,331
Greif, Inc. — Class A1		5,628		294,907
Total Materials				649,238
Total Common Stocks
(Cost $34,456,762)				39,639,353
Total Long Investments - 65.5%
(Cost $34,456,762)			$	39,639,353
COMMON STOCKS SOLD SHORT† - (20.6)%
Energy - (0.6)%
Halliburton Co.		1,213		(61,560	)
National Oilwell Varco, Inc.		1,848		(146,971	)
Schlumberger Ltd.		1,689		(152,196	)
Total Energy				(360,727	)
Telecommunication Services - (0.7)%
Verizon Communications, Inc.		3,041		(149,435	)
CenturyLink, Inc.		4,739		(150,937	)
AT&T, Inc.		4,300		(151,188	)
Total Telecommunication Services				(451,560	)
Health Care - (1.6)%
Vertex Pharmaceuticals, Inc.*		453		(33,658	)
Biogen Idec, Inc.*		529		(147,988	)
Amgen, Inc.		1,298		(148,180	)
Regeneron Pharmaceuticals, Inc.*		540		(148,630	)
Celgene Corp.*		883		(149,192	)
Abbott Laboratories		3,996		(153,167	)
Gilead Sciences, Inc.*		2,040		(153,305	)
Total Health Care				(934,120	)
Consumer Staples - (2.0)%
Walgreen Co.		758		(43,540	)
Green Mountain Coffee Roasters, Inc.*		651		(49,203	)
Lorillard, Inc.		1,290		(65,377	)
Procter & Gamble Co.		1,768		(143,933	)
Wal-Mart Stores, Inc.		1,864		(146,678	)
Philip Morris International, Inc.		1,705		(148,557	)
PepsiCo, Inc.		1,799		(149,209	)
Mondelez International, Inc. — Class A		4,300		(151,790	)
Coca-Cola Co.		3,716		(153,508	)
CVS Caremark Corp.		2,163		(154,805	)
Total Consumer Staples				(1,206,600	)
Materials - (2.0)%
Newmont Mining Corp.		6,256		(144,076	)
Tahoe Resources, Inc.*		8,854		(147,331	)
International Paper Co.		3,048		(149,443	)
Nucor Corp.		2,820		(150,532	)
Carpenter Technology Corp.		2,421		(150,586	)
Freeport-McMoRan Copper & Gold, Inc.		4,242		(160,093	)
Alcoa, Inc.		15,311		(162,756	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS SOLD SHORT† - (20.6)% (continued)
Materials - (2.0)% (continued)
Southern Copper Corp.		5,717	$	(164,135	)
Total Materials				(1,228,952	)
Consumer Discretionary - (2.7)%
PulteGroup, Inc.		6,266		(127,638	)
Ford Motor Co.		8,777		(135,429	)
Dollar General Corp.*		2,411		(145,432	)
Dollar Tree, Inc.*		2,610		(147,256	)
Target Corp.		2,335		(147,735	)
Tesla Motors, Inc.*		985		(148,124	)
General Motors Co.*		3,635		(148,563	)
Macy's, Inc.		2,834		(151,336	)
Home Depot, Inc.		1,839		(151,423	)
Lowe's Companies, Inc.		3,095		(153,358	)
Lennar Corp. — Class A		4,159		(164,530	)
Total Consumer Discretionary				(1,620,824	)
Utilities - (2.9)%
FirstEnergy Corp.		4,135		(136,372	)
Exelon Corp.		5,259		(144,044	)
Xcel Energy, Inc.		5,250		(146,685	)
OGE Energy Corp.		4,343		(147,228	)
Duke Energy Corp.		2,138		(147,543	)
Edison International		3,189		(147,651	)
Dominion Resources, Inc.		2,286		(147,881	)
Northeast Utilities		3,504		(148,535	)
American Electric Power Company, Inc.		3,180		(148,633	)
Southern Co.		3,627		(149,106	)
PPL Corp.		4,981		(149,878	)
NextEra Energy, Inc.		1,758		(150,520	)
Total Utilities				(1,764,076	)
Information Technology - (3.3)%
Zynga, Inc. — Class A*		35,437		(134,661	)
Micron Technology, Inc.*		6,308		(137,262	)
Microsoft Corp.		3,973		(148,709	)
QUALCOMM, Inc.		2,006		(148,946	)
Brocade Communications Systems, Inc.*		17,375		(154,116	)
Palo Alto Networks, Inc.*		2,705		(155,456	)
Nuance Communications, Inc.*		10,234		(155,557	)
Riverbed Technology, Inc.*		8,717		(157,603	)
Juniper Networks, Inc.*		7,046		(159,028	)
JDS Uniphase Corp.*		12,325		(159,979	)
Cisco Systems, Inc.		7,196		(161,550	)
F5 Networks, Inc.*		1,783		(162,004	)
Oracle Corp.		4,382		(167,656	)
Total Information Technology				(2,002,527	)
Financials - (4.8)%
Vornado Realty Trust		1,264		(112,231	)
Nationstar Mortgage Holdings, Inc.*		3,420		(126,403	)
HCP, Inc.		3,710		(134,747	)
Health Care REIT, Inc.		2,529		(135,479	)
Realty Income Corp.		3,686		(137,598	)
Ventas, Inc.		2,433		(139,362	)
AvalonBay Communities, Inc.		1,181		(139,630	)
General Growth Properties, Inc.		7,142		(143,340	)
Equity Residential		2,789		(144,665	)
Public Storage		970		(146,004	)
Simon Property Group, Inc.		963		(146,530	)
Prologis, Inc.		4,015		(148,354	)
SL Green Realty Corp.		1,620		(149,656	)
Wells Fargo & Co.		3,326		(151,000	)
American Tower Corp. — Class A		1,894		(151,179	)
People's United Financial, Inc.		10,007		(151,306	)
Weyerhaeuser Co.		4,850		(153,115	)
Realogy Holdings Corp.*		3,102		(153,456	)
Host Hotels & Resorts, Inc.		8,063		(156,745	)
Ocwen Financial Corp.*		3,332		(184,759	)
Total Financials				(2,905,559	)
Total Common Stock Sold Short
(Proceeds $12,072,011)				(12,474,945	)
Total Securities Sold Short- (20.6)%
(Proceeds $12,072,011)			$	(12,474,945	)
Other Assets & Liabilities, net - 55.1%				33,295,936
Total Net Assets - 100.0%			$	60,460,344

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
1	All or a portion of this security is pledged as short security collateral at December 31, 2013.
	plc — Public Limited Company
	REIT — Real Estate Investment Trust

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 71.0%
Financials - 15.8%
Affiliated Managers Group, Inc.*		730	$	158,323
SL Green Realty Corp.		1,307		120,741
Fidelity National Financial, Inc. — Class A		3,428		111,238
Realty Income Corp.		2,832		105,720
Everest Re Group Ltd.		656		102,251
New York Community Bancorp, Inc.		6,052		101,976
Alleghany Corp.*		235		93,991
Federal Realty Investment Trust		889		90,153
Raymond James Financial, Inc.		1,696		88,514
Arthur J Gallagher & Co.		1,803		84,614
UDR, Inc.		3,446		80,465
Waddell & Reed Financial, Inc. — Class A		1,177		76,646
Reinsurance Group of America, Inc. — Class A		969		75,010
Essex Property Trust, Inc.		518		74,338
Rayonier, Inc.		1,738		73,170
Eaton Vance Corp.		1,661		71,074
MSCI, Inc. — Class A*		1,624		71,002
Signature Bank*		647		69,500
SEI Investments Co.		1,972		68,488
Liberty Property Trust		2,012		68,146
Duke Realty Corp.		4,473		67,274
Camden Property Trust		1,174		66,777
SVB Financial Group*		630		66,062
East West Bancorp, Inc.		1,889		66,058
WR Berkley Corp.		1,502		65,172
Extra Space Storage, Inc.		1,513		63,743
HCC Insurance Holdings, Inc.		1,379		63,628
Alexandria Real Estate Equities, Inc.		983		62,538
Mid-America Apartment Communities, Inc.		1,026		62,319
Jones Lang LaSalle, Inc.		608		62,253
CBOE Holdings, Inc.		1,194		62,040
Regency Centers Corp.		1,270		58,801
BRE Properties, Inc.		1,060		57,993
Old Republic International Corp.		3,323		57,388
Senior Housing Properties Trust		2,581		57,376
Kilroy Realty Corp.		1,130		56,703
American Financial Group, Inc.		981		56,623
Taubman Centers, Inc.		870		55,610
Hospitality Properties Trust		2,036		55,033
Protective Life Corp.		1,080		54,713
Cullen/Frost Bankers, Inc.		726		54,036
First Niagara Financial Group, Inc.		4,860		51,613
Brown & Brown, Inc.		1,635		51,323
City National Corp.		646		51,176
Corrections Corporation of America		1,595		51,152
National Retail Properties, Inc.		1,670		50,651
Commerce Bancshares, Inc.		1,124		50,459
FirstMerit Corp.		2,263		50,306
Omega Healthcare Investors, Inc.		1,683		50,153
Prosperity Bancshares, Inc.		774		49,064
Synovus Financial Corp.		13,340		48,024
BioMed Realty Trust, Inc.		2,638		47,801
American Campus Communities, Inc.		1,434		46,189
Highwoods Properties, Inc.		1,233		44,598
Weingarten Realty Investors		1,543		42,309
Home Properties, Inc.		778		41,716
Hancock Holding Co.		1,125		41,265
First American Financial Corp.		1,456		41,059
StanCorp Financial Group, Inc.		605		40,081
Associated Banc-Corp.		2,227		38,750
Webster Financial Corp.		1,241		38,694
First Horizon National Corp.		3,240		37,746
Aspen Insurance Holdings Ltd.		905		37,386
Federated Investors, Inc. — Class B		1,290		37,152
TCF Financial Corp.		2,262		36,758
Bank of Hawaii Corp.		607		35,898
Hanover Insurance Group, Inc.		600		35,826
Fulton Financial Corp.		2,645		34,597
Washington Federal, Inc.		1,398		32,559
Primerica, Inc.		748		32,097
BancorpSouth, Inc.		1,151		29,258
Kemper Corp.		705		28,820
Corporate Office Properties Trust		1,200		28,428
Valley National Bancorp		2,744		27,769
Cathay General Bancorp		1,009		26,971
Apollo Investment Corp.		3,082		26,135
Mack-Cali Realty Corp.		1,211		26,012
Janus Capital Group, Inc.		2,049		25,346
Mercury General Corp.		500		24,855
Trustmark Corp.		924		24,800
Alexander & Baldwin, Inc.		589		24,579
Potlatch Corp.		552		23,040
Westamerica Bancorporation		368		20,777
International Bancshares Corp.		785		20,716
Greenhill & Company, Inc.		355		20,569
Equity One, Inc.		867		19,455
Astoria Financial Corp.		1,149		15,891
Total Financials				4,717,323
Industrials - 12.1%
B/E Aerospace, Inc.*		1,356		118,013
Towers Watson & Co. — Class A		890		113,573
Fortune Brands Home & Security, Inc.		2,284		104,378
United Rentals, Inc.*		1,279		99,698
Wabtec Corp.		1,320		98,036
J.B. Hunt Transport Services, Inc.		1,264		97,708
Manpowergroup, Inc.		1,081		92,815
IDEX Corp.		1,113		82,195
Donaldson Company, Inc.		1,848		80,314
Hubbell, Inc. — Class B		735		80,041
Lincoln Electric Holdings, Inc.		1,118		79,758
Kirby Corp.*		776		77,018
Waste Connections, Inc.		1,691		73,778
AGCO Corp.		1,243		73,573
Alaska Air Group, Inc.		952		69,848
Carlisle Companies, Inc.		873		69,316

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 71.0% (continued)
Industrials - 12.1% (continued)
Genesee & Wyoming, Inc. — Class A*		693	$	66,563
Graco, Inc.		840		65,621
KBR, Inc.		2,033		64,832
Acuity Brands, Inc.		593		64,827
Terex Corp.		1,529		64,203
SPX Corp.		622		61,957
Nordson Corp.		832		61,818
Huntington Ingalls Industries, Inc.		678		61,027
Oshkosh Corp.		1,189		59,902
Timken Co.		1,087		59,861
Trinity Industries, Inc.		1,077		58,718
AO Smith Corp.		1,056		56,961
Kennametal, Inc.		1,077		56,079
Copart, Inc.*		1,530		56,075
Valmont Industries, Inc.		372		55,473
Triumph Group, Inc.		719		54,694
URS Corp.		1,025		54,315
ITT Corp.		1,250		54,275
Alliant Techsystems, Inc.		441		53,661
MSC Industrial Direct Company, Inc. — Class A		661		53,455
Lennox International, Inc.		628		53,418
Old Dominion Freight Line, Inc.*		960		50,899
RR Donnelley & Sons Co.		2,493		50,558
Exelis, Inc.		2,582		49,213
Regal-Beloit Corp.		621		45,780
Clean Harbors, Inc.*		756		45,330
Crane Co.		666		44,789
CLARCOR, Inc.		683		43,951
Esterline Technologies Corp.*		430		43,843
AECOM Technology Corp.*		1,348		39,672
Woodward, Inc.		829		37,811
Deluxe Corp.		697		36,376
Landstar System, Inc.		625		35,906
Watsco, Inc.		370		35,542
Corporate Executive Board Co.		457		35,385
GATX Corp.		630		32,867
Harsco Corp.		1,109		31,085
Con-way, Inc.		780		30,974
Rollins, Inc.		879		26,625
JetBlue Airways Corp.*		2,984		25,513
HNI Corp.		619		24,036
Herman Miller, Inc.		811		23,941
Brink's Co.		666		22,737
FTI Consulting, Inc.*		549		22,586
Mine Safety Appliances Co.		430		22,020
UTI Worldwide, Inc.		1,249		21,932
General Cable Corp.		685		20,146
Granite Construction, Inc.		497		17,385
Werner Enterprises, Inc.		625		15,456
Matson, Inc.		591		15,431
Total Industrials				3,595,586
Information Technology - 11.3%
Trimble Navigation Ltd.*		3,537		122,734
3D Systems Corp.*,1		1,312		121,924
Equinix, Inc.*		680		120,666
ANSYS, Inc.*		1,277		111,355
Cree, Inc.*		1,659		103,803
Gartner, Inc.*		1,270		90,233
Synopsys, Inc.*		2,118		85,927
Avnet, Inc.		1,888		83,280
NCR Corp.*		2,285		77,827
Arrow Electronics, Inc.*		1,384		75,082
Skyworks Solutions, Inc.*		2,579		73,656
Jack Henry & Associates, Inc.		1,178		69,749
Solera Holdings, Inc.		942		66,656
Concur Technologies, Inc.*		646		66,654
Global Payments, Inc.		997		64,795
Broadridge Financial Solutions, Inc.		1,633		64,536
Informatica Corp.*		1,486		61,669
Rackspace Hosting, Inc.*		1,569		61,395
FactSet Research Systems, Inc.		552		59,936
MICROS Systems, Inc.*		1,038		59,550
PTC, Inc.*		1,645		58,217
Cadence Design Systems, Inc.*		3,954		55,435
WEX, Inc.*		536		53,080
AOL, Inc.*		1,074		50,070
Ingram Micro, Inc. — Class A*		2,116		49,641
TIBCO Software, Inc.*		2,101		47,230
Leidos Holdings, Inc.		997		46,351
Teradyne, Inc.*		2,630		46,341
Atmel Corp.*		5,844		45,759
CoreLogic, Inc.*		1,282		45,549
CommVault Systems, Inc.*		608		45,527
SunEdison, Inc.*		3,364		43,900
Lender Processing Services, Inc.		1,169		43,697
National Instruments Corp.		1,344		43,035
NeuStar, Inc. — Class A*		860		42,880
JDS Uniphase Corp.*		3,200		41,535
Riverbed Technology, Inc.*		2,223		40,192
VeriFone Systems, Inc.*		1,495		40,096
Acxiom Corp.*		1,031		38,126
Zebra Technologies Corp. — Class A*		690		37,315
DST Systems, Inc.		401		36,387
ACI Worldwide, Inc.*		530		34,450
Ciena Corp.*		1,414		33,837
SolarWinds, Inc.*		894		33,820
Compuware Corp.		2,971		33,305
Advanced Micro Devices, Inc.*,1		8,440		32,663
Mentor Graphics Corp.		1,337		32,182
Lexmark International, Inc. — Class A		854		30,334
Fair Isaac Corp.		477		29,975
Convergys Corp.		1,401		29,491
Diebold, Inc.		879		29,016
Plantronics, Inc.		604		28,056
Rovi Corp.*		1,404		27,645
Tech Data Corp.*		523		26,987
International Rectifier Corp.*		980		25,549
Vishay Intertechnology, Inc.*		1,860		24,664
Silicon Laboratories, Inc.*		549		23,777
Semtech Corp.*		940		23,763
Fairchild Semiconductor International, Inc. — Class A*		1,744		23,282
Itron, Inc.*		536		22,206

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 71.0% (continued)
Information Technology - 11.3% (continued)
Polycom, Inc.*		1,965	$	22,067
ADTRAN, Inc.		792		21,392
ValueClick, Inc.*		864		20,192
Intersil Corp. — Class A		1,757		20,153
Cypress Semiconductor Corp.		1,910		20,055
RF Micro Devices, Inc.*		3,879		20,016
Integrated Device Technology, Inc.*		1,891		19,269
Advent Software, Inc.		549		19,210
Science Applications International Corp.		572		18,916
InterDigital, Inc.		567		16,721
ManTech International Corp. — Class A		328		9,817
Total Information Technology				3,344,600
Consumer Discretionary - 10.0%
Tractor Supply Co.		1,912		148,333
LKQ Corp.*		4,126		135,745
Polaris Industries, Inc.		880		128,163
Advance Auto Parts, Inc.		1,005		111,233
Jarden Corp.*		1,644		100,860
Under Armour, Inc. — Class A*		1,104		96,380
Hanesbrands, Inc.		1,357		95,356
Signet Jewelers Ltd.		1,103		86,806
Foot Locker, Inc.		2,043		84,661
Dick's Sporting Goods, Inc.		1,403		81,514
Toll Brothers, Inc.*		2,185		80,845
Williams-Sonoma, Inc.		1,224		71,335
Tupperware Brands Corp.		699		66,076
Panera Bread Co. — Class A*		371		65,551
Gentex Corp.		1,987		65,551
Brunswick Corp.		1,250		57,575
NVR, Inc.*		54		55,405
AMC Networks, Inc. — Class A*		809		55,101
Carter's, Inc.		746		53,555
Domino's Pizza, Inc.		766		53,352
Service Corporation International		2,905		52,668
Sotheby's		940		50,008
Cinemark Holdings, Inc.		1,428		47,595
Lamar Advertising Co. — Class A*		893		46,659
Tempur Sealy International, Inc.*		828		44,679
Cabela's, Inc.*		640		42,662
Brinker International, Inc.		920		42,633
Bally Technologies, Inc.*		532		41,736
Chico's FAS, Inc.		2,177		41,015
Deckers Outdoor Corp.*		471		39,781
JC Penney Company, Inc.*,1		4,176		38,210
CST Brands, Inc.		1,038		38,115
Apollo Education Group, Inc. — Class A*		1,374		37,538
Ascena Retail Group, Inc.*		1,766		37,369
John Wiley & Sons, Inc. — Class A		638		35,218
DreamWorks Animation SKG, Inc. — Class A*		981		34,826
Office Depot, Inc.*		6,549		34,644
Abercrombie & Fitch Co. — Class A		1,050		34,556
Thor Industries, Inc.		616		34,022
Wendy's Co.		3,866		33,712
American Eagle Outfitters, Inc.		2,327		33,509
Cheesecake Factory, Inc.		664		32,051
Aaron's, Inc.		1,047		30,782
HSN, Inc.		459		28,596
DeVry Education Group, Inc.		784		27,832
New York Times Co. — Class A		1,722		27,328
Meredith Corp.		506		26,211
Big Lots, Inc.*		804		25,961
Guess?, Inc.		819		25,446
Murphy USA, Inc.*		612		25,435
Life Time Fitness, Inc.*		534		25,098
Rent-A-Center, Inc. — Class A		738		24,605
ANN, Inc.*		627		22,923
KB Home		1,136		20,766
Bob Evans Farms, Inc.		374		18,921
Valassis Communications, Inc.		533		18,255
MDC Holdings, Inc.		538		17,345
Matthews International Corp. — Class A		376		16,021
International Speedway Corp. — Class A		387		13,735
Scientific Games Corp. — Class A*		665		11,258
Total Consumer Discretionary				2,973,121
Health Care - 6.4%
Henry Schein, Inc.*		1,180		134,827
Endo Health Solutions, Inc.*		1,577		106,384
Universal Health Services, Inc. — Class B		1,225		99,543
Mettler-Toledo International, Inc.*		408		98,977
ResMed, Inc.1		1,946		91,618
Omnicare, Inc.		1,416		85,470
Hologic, Inc.*		3,747		83,745
Cooper Companies, Inc.		670		82,973
Salix Pharmaceuticals Ltd.*		866		77,888
IDEXX Laboratories, Inc.*		717		76,267
MEDNAX, Inc.*		1,378		73,558
United Therapeutics Corp.*		637		72,032
Cubist Pharmaceuticals, Inc.*		1,017		70,041
Covance, Inc.*		773		68,070
Teleflex, Inc.		566		53,125
Community Health Systems, Inc.*		1,303		51,169
Health Management Associates, Inc. — Class A*		3,630		47,553
Techne Corp.		455		43,075
WellCare Health Plans, Inc.*		598		42,111
Mallinckrodt plc*		791		41,338
STERIS Corp.		808		38,824
VCA Antech, Inc.*		1,220		38,259
Charles River Laboratories International, Inc.*		656		34,794
Bio-Rad Laboratories, Inc. — Class A*		278		34,364
LifePoint Hospitals, Inc.*		645		34,082
Allscripts Healthcare Solutions, Inc.*		2,181		33,718
Hill-Rom Holdings, Inc.		801		33,113
Health Net, Inc.*		1,088		32,281

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 71.0% (continued)
Health Care - 6.4% (continued)
Owens & Minor, Inc.		871	$	31,844
Thoratec Corp.*		780		28,548
HMS Holdings Corp.*		1,210		27,503
Masimo Corp.*		709		20,724
Total Health Care				1,887,818
Materials - 5.0%
Rock Tenn Co. — Class A		988		103,749
Ashland, Inc.		992		96,263
Packaging Corporation of America		1,349		85,365
Reliance Steel & Aluminum Co.		1,058		80,238
Valspar Corp.		1,102		78,563
RPM International, Inc.		1,829		75,922
Albemarle Corp.		1,119		70,933
Martin Marietta Materials, Inc.		631		63,062
Aptargroup, Inc.		900		61,029
Steel Dynamics, Inc.		3,045		59,499
Sonoco Products Co.		1,397		58,283
Eagle Materials, Inc.		684		52,962
NewMarket Corp.		152		50,791
Cytec Industries, Inc.		483		44,996
Carpenter Technology Corp.		723		44,971
Domtar Corp.		450		42,453
Cabot Corp.		817		41,994
Royal Gold, Inc.		898		41,371
Scotts Miracle-Gro Co. — Class A		605		37,643
Compass Minerals International, Inc.		456		36,503
Louisiana-Pacific Corp.*		1,939		35,891
Sensient Technologies Corp.		691		33,527
Commercial Metals Co.		1,606		32,650
Olin Corp.		1,090		31,447
Worthington Industries, Inc.		732		30,803
Silgan Holdings, Inc.		596		28,620
Minerals Technologies, Inc.		470		28,233
Greif, Inc. — Class A		423		22,165
Intrepid Potash, Inc.*		762		12,070
Total Materials				1,481,996
Energy - 4.1%
HollyFrontier Corp.		2,723		135,306
Cimarex Energy Co.		1,195		125,368
Oceaneering International, Inc.		1,489		117,452
Oil States International, Inc.*		758		77,104
SM Energy Co.		915		76,046
Gulfport Energy Corp.*		1,155		72,938
Energen Corp.		995		70,396
Dresser-Rand Group, Inc.*		1,049		62,552
Dril-Quip, Inc.*		555		61,011
Superior Energy Services, Inc.*		2,189		58,249
Patterson-UTI Energy, Inc.		1,979		50,109
World Fuel Services Corp.		992		42,815
Atwood Oceanics, Inc.*		788		42,071
Tidewater, Inc.		679		40,244
Rosetta Resources, Inc.*		837		40,209
CARBO Ceramics, Inc.		269		31,347
Helix Energy Solutions Group, Inc.*		1,348		31,247
Unit Corp.*		602		31,075
Alpha Natural Resources, Inc.*		3,032		21,648
Bill Barrett Corp.*		674		18,050
Total Energy				1,205,237
Utilities - 3.1%
OGE Energy Corp.		2,726		92,411
National Fuel Gas Co.		1,152		82,254
MDU Resources Group, Inc.		2,587		79,033
Alliant Energy Corp.		1,528		78,845
UGI Corp.		1,566		64,926
Aqua America, Inc.		2,427		57,253
Atmos Energy Corp.		1,244		56,502
Westar Energy, Inc.		1,747		56,201
Questar Corp.		2,407		55,337
Great Plains Energy, Inc.		2,112		51,195
Vectren Corp.		1,134		40,257
Cleco Corp.		828		38,601
IDACORP, Inc.		692		35,873
Hawaiian Electric Industries, Inc.		1,367		35,624
Black Hills Corp.		609		31,979
WGL Holdings, Inc.		707		28,322
PNM Resources, Inc.		1,097		26,460
Total Utilities				911,073
Consumer Staples - 2.9%
Green Mountain Coffee Roasters, Inc.*		1,797		135,818
Church & Dwight Company, Inc.		1,902		126,064
Energizer Holdings, Inc.		857		92,762
Ingredion, Inc.		1,049		71,815
Hain Celestial Group, Inc.*		653		59,279
Hillshire Brands Co.		1,693		56,614
WhiteWave Foods Co. — Class A*		2,384		54,689
Flowers Foods, Inc.		2,402		51,571
United Natural Foods, Inc.*		675		50,888
Harris Teeter Supermarkets, Inc.		675		33,311
Lancaster Colony Corp.		262		23,095
Dean Foods Co.*		1,299		22,330
Post Holdings, Inc.*		452		22,270
SUPERVALU, Inc.*		2,706		19,727
Universal Corp.		319		17,417
Tootsie Roll Industries, Inc.		281		9,144
Total Consumer Staples				846,794
Telecommunication Services - 0.3%
tw telecom, Inc. — Class A*		1,977		60,239
Telephone & Data Systems, Inc.		1,356		34,958
Total Telecommunication Services				95,197
Total Common Stocks
(Cost $13,951,965)				21,058,745

	Face Amount
REPURCHASE AGREEMENT††,2 - 2.3%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143	$	686,100	686,100
Total Repurchase Agreement
(Cost $686,100)			686,100

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
SECURITIES LENDING COLLATERAL††,4 - 4.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,098,309	$	1,098,309
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		161,891		161,891
Total Securities Lending Collateral
(Cost $1,260,200)				1,260,200
Total Investments - 77.5%
(Cost $15,898,265)			$	23,005,045
Other Assets & Liabilities, net - 22.5%				6,666,242
Total Net Assets - 100.0%			$	29,671,287

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $5,363,600)		40	$	235,912

	Units
EQUITY INDEX SWAP AGREEMENTS††
Goldman Sachs International January 2014 S&P MidCap 400 Index Swap, Terminating 01/28/145 (Notional Value $8,939,362)		6,659	$	53,401
Credit Suisse Capital, LLC January 2014 S&P MidCap 400 Index Swap, Terminating 01/28/145 (Notional Value $4,456,855)		3,320		25,411
Barclays Bank plc January 2014 S&P MidCap 400 Index Swap, Terminating 01/31/145 (Notional Value $5,444,300)		4,055		17,868
(Total Notional Value $18,840,517)			$	96,680

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreement — See Note 3.
3	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
4	Securities lending collateral — See Note 4.
5	Total Return based on S&P MidCap 400 Index +/- financing at a variable rate.

plc — Public Limited Company

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 97.6%
Information Technology - 55.6%
Apple, Inc.		149,727	$	84,013,317
Microsoft Corp.		1,389,164		51,996,409
Google, Inc. — Class A*		46,047		51,605,334
Intel Corp.		827,212		21,474,423
QUALCOMM, Inc.		281,130		20,873,903
Cisco Systems, Inc.		889,712		19,974,034
Facebook, Inc. — Class A*		311,851		17,045,777
eBay, Inc.*		215,434		11,825,172
Baidu, Inc. ADR*		45,855		8,156,687
Texas Instruments, Inc.		182,145		7,997,986
Yahoo!, Inc.*		168,807		6,826,555
Automatic Data Processing, Inc.		80,110		6,473,689
Cognizant Technology Solutions Corp. — Class A*		50,339		5,083,232
Adobe Systems, Inc.*		83,185		4,981,118
Micron Technology, Inc.*		175,034		3,808,740
Intuit, Inc.		47,410		3,618,331
Applied Materials, Inc.		200,158		3,540,795
Western Digital Corp.		39,361		3,302,388
Seagate Technology plc		54,274		3,048,028
Paychex, Inc.		60,773		2,766,995
Symantec Corp.		115,829		2,731,248
SanDisk Corp.		37,586		2,651,316
Analog Devices, Inc.		51,764		2,636,341
Broadcom Corp. — Class A		86,203		2,555,919
Fiserv, Inc.*		42,923		2,534,603
CA, Inc.		75,093		2,526,879
NetApp, Inc.		56,716		2,333,296
Avago Technologies Ltd.		41,183		2,178,169
Check Point Software Technologies Ltd.*		32,688		2,109,030
Activision Blizzard, Inc.		115,721		2,063,305
Xilinx, Inc.		44,649		2,050,282
Citrix Systems, Inc.*		31,020		1,962,015
Autodesk, Inc.*		37,459		1,885,311
NXP Semiconductor N.V.*		40,969		1,881,706
KLA-Tencor Corp.		27,727		1,787,282
Linear Technology Corp.		38,967		1,774,947
Altera Corp.		53,437		1,738,306
NVIDIA Corp.		94,605		1,515,572
Equinix, Inc.*		8,286		1,470,351
Akamai Technologies, Inc.*		29,779		1,404,973
Maxim Integrated Products, Inc.		47,025		1,312,468
F5 Networks, Inc.*		12,916		1,173,548
Total Information Technology				382,689,780
Consumer Discretionary - 20.4%
Amazon.com, Inc.*		76,166		30,374,239
Comcast Corp. — Class A		355,469		18,471,946
Priceline.com, Inc.*		8,561		9,951,306
Starbucks Corp.		125,402		9,830,263
Twenty-First Century Fox, Inc. — Class A		246,828		8,683,409
DIRECTV*		87,432		6,040,677
Viacom, Inc. — Class B		65,709		5,739,024
Netflix, Inc.*		9,857		3,629,052
Sirius XM Holdings, Inc.*		1,020,995		3,563,273
Liberty Global plc — Class A*		36,873		3,281,328
Wynn Resorts Ltd.		16,836		3,269,720
Tesla Motors, Inc.*,1		20,404		3,068,354
Bed Bath & Beyond, Inc.*		35,737		2,869,681
Ross Stores, Inc.		36,059		2,701,901
Mattel, Inc.		56,314		2,679,420
Liberty Media Corp. — Class A*		17,364		2,542,958
Marriott International, Inc. — Class A		49,848		2,460,497
Charter Communications, Inc. — Class A*		17,327		2,369,641
Liberty Interactive Corp. — Class A*		79,791		2,341,866
O'Reilly Automotive, Inc.*		17,861		2,298,889
Discovery Communications, Inc. — Class A*		24,378		2,204,259
DISH Network Corp. — Class A*		36,508		2,114,543
Dollar Tree, Inc.*		34,625		1,953,543
Tractor Supply Co.		23,230		1,802,183
TripAdvisor, Inc.*		21,510		1,781,673
Staples, Inc.		108,772		1,728,387
Garmin Ltd.1		32,487		1,501,549
Expedia, Inc.		19,559		1,362,480
Total Consumer Discretionary				140,616,061
Health Care - 13.2%
Gilead Sciences, Inc.*		255,159		19,175,200
Amgen, Inc.		125,496		14,326,623
Celgene Corp.*		68,568		11,585,249
Biogen Idec, Inc.*		39,309		10,996,693
Express Scripts Holding Co.*		134,091		9,418,552
Regeneron Pharmaceuticals, Inc.*		16,209		4,461,365
Alexion Pharmaceuticals, Inc.*		32,624		4,340,949
Cerner Corp.*		57,125		3,184,148
Vertex Pharmaceuticals, Inc.*		38,901		2,890,344
Mylan, Inc.*		63,714		2,765,188
Intuitive Surgical, Inc.*		6,332		2,431,995
Illumina, Inc.*		21,028		2,326,117
Henry Schein, Inc.*		14,282		1,631,861
Catamaran Corp.*		34,326		1,629,798
Total Health Care				91,164,082
Consumer Staples - 4.6%
Mondelez International, Inc. — Class A		291,838		10,301,881
Costco Wholesale Corp.		72,710		8,653,217
Kraft Foods Group, Inc.		99,156		5,346,492
Whole Foods Market, Inc.		61,929		3,581,354
Monster Beverage Corp.*		27,906		1,891,190
Green Mountain Coffee Roasters, Inc.*,1		24,800		1,874,384
Total Consumer Staples				31,648,518
Industrials - 1.8%
PACCAR, Inc.		58,926		3,486,650
Fastenal Co.		49,376		2,345,854
Verisk Analytics, Inc. — Class A*		27,996		1,839,897
Stericycle, Inc.*		14,262		1,656,817
Expeditors International of Washington, Inc.		34,207		1,513,660
CH Robinson Worldwide, Inc.		25,229		1,471,860
Total Industrials				12,314,738

NASDAQ-100® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 97.6% (continued)
Telecommunication Services - 1.7%
Vodafone Group plc ADR		164,320	$	6,459,419
VimpelCom Ltd. ADR		274,920		3,557,465
SBA Communications Corp. — Class A*		21,360		1,918,982
Total Telecommunication Services				11,935,866
Materials - 0.3%
Sigma-Aldrich Corp.		19,909		1,871,645
Total Common Stocks
(Cost $309,313,989)				672,240,690

	Face Amount
REPURCHASE AGREEMENTS††,2 - 2.1%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	10,804,530		10,804,530
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		1,742,739		1,742,739
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		1,081,609		1,081,609
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143		902,807		902,807
Total Repurchase Agreements
(Cost $14,531,685)				14,531,685
SECURITIES LENDING COLLATERAL††,4 - 0.7%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		4,102,209		4,102,209
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		604,666		604,666
Total Securities Lending Collateral
(Cost $4,706,875)				4,706,875
Total Investments - 100.4%
(Cost $328,552,549)			$	691,479,250
Other Assets & Liabilities, net - (0.4)%				(2,548,731	)
Total Net Assets - 100.0%			$	688,930,519

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $4,665,700)		65	$	31,375

	Units
EQUITY INDEX SWAP AGREEMENTS††
Goldman Sachs International January 2014 NASDAQ-100 Index Swap, Terminating 01/28/145 (Notional Value $4,365,304)		1,215	$	16,515
Credit Suisse Capital, LLC January 2014 NASDAQ-100 Index Swap, Terminating 01/28/145 (Notional Value $2,243,627)		625		12,876
Barclays Bank plc January 2014 NASDAQ-100 Index Swap, Terminating 01/31/145 (Notional Value $3,737,068)		1,040		7,599
(Total Notional Value $10,345,999)			$	36,990

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
4	Securities lending collateral — See Note 4.
5	Total Return based on NASDAQ-100 Index +/- financing at a variable rate.

ADR — American Depositary Receipt

plc — Public Limited Company

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 55.7%
Information Technology - 10.5%
Apple, Inc.		4,430	$	2,485,716
Google, Inc. — Class A*		1,382		1,548,821
Microsoft Corp.		37,402		1,399,957
International Business Machines Corp.		5,025		942,539
Oracle Corp.		17,278		661,056
Intel Corp.		24,474		635,345
QUALCOMM, Inc.		8,318		617,611
Cisco Systems, Inc.		26,324		590,974
Visa, Inc. — Class A		2,507		558,259
Facebook, Inc. — Class A*		8,090		442,199
MasterCard, Inc. — Class A		510		426,085
eBay, Inc.*		5,736		314,849
Hewlett-Packard Co.		9,462		264,747
Accenture plc — Class A		3,130		257,349
EMC Corp.		10,132		254,820
Texas Instruments, Inc.		5,389		236,631
Automatic Data Processing, Inc.		2,370		191,520
Yahoo!, Inc.*		4,645		187,844
Salesforce.com, Inc.*		2,728		150,558
Cognizant Technology Solutions Corp. — Class A*		1,487		150,157
Adobe Systems, Inc.*		2,289		137,065
Corning, Inc.		7,125		126,968
Micron Technology, Inc.*		5,182		112,760
TE Connectivity Ltd.		2,020		111,323
Intuit, Inc.		1,402		107,001
Applied Materials, Inc.		5,929		104,884
Seagate Technology plc		1,605		90,137
Western Digital Corp.		1,036		86,920
Symantec Corp.		3,427		80,809
Broadcom Corp. — Class A		2,657		78,780
SanDisk Corp.		1,112		78,440
Analog Devices, Inc.		1,531		77,974
Fidelity National Information Services, Inc.		1,433		76,923
Motorola Solutions, Inc.		1,134		76,545
Fiserv, Inc.*		1,269		74,934
Paychex, Inc.		1,600		72,848
Amphenol Corp. — Class A		779		69,471
Xerox Corp.		5,698		69,345
NetApp, Inc.		1,677		68,992
Alliance Data Systems Corp.*		240		63,103
Xilinx, Inc.		1,325		60,844
Citrix Systems, Inc.*		918		58,064
Juniper Networks, Inc.*		2,486		56,109
Autodesk, Inc.*		1,106		55,665
CA, Inc.		1,600		53,840
KLA-Tencor Corp.		822		52,986
Linear Technology Corp.		1,157		52,701
Red Hat, Inc.*		933		52,285
Altera Corp.		1,585		51,560
Western Union Co.		2,719		46,903
NVIDIA Corp.		2,849		45,641
Microchip Technology, Inc.		978		43,766
Lam Research Corp.*		800		43,560
Akamai Technologies, Inc.*		881		41,566
Computer Sciences Corp.		725		40,513
VeriSign, Inc.*		634		37,901
Harris Corp.		526		36,720
Teradata Corp.*		804		36,574
Electronic Arts, Inc.*		1,519		34,846
F5 Networks, Inc.*		382		34,709
LSI Corp.		2,683		29,567
Total System Services, Inc.		822		27,356
FLIR Systems, Inc.		697		20,980
First Solar, Inc.*		351		19,179
Jabil Circuit, Inc.		910		15,870
Total Information Technology				15,131,964
Financials - 9.0%
JPMorgan Chase & Co.		18,508		1,082,347
Wells Fargo & Co.		23,601		1,071,485
Berkshire Hathaway, Inc. — Class B*		8,862		1,050,679
Bank of America Corp.		52,514		817,643
Citigroup, Inc.		14,933		778,159
American Express Co.		4,536		411,552
American International Group, Inc.		7,249		370,062
Goldman Sachs Group, Inc.		2,077		368,169
U.S. Bancorp		8,992		363,277
MetLife, Inc.		5,519		297,584
Simon Property Group, Inc.		1,526		232,196
Capital One Financial Corp.		2,839		217,496
Morgan Stanley		6,821		213,907
Prudential Financial, Inc.		2,280		210,262
PNC Financial Services Group, Inc.		2,619		203,183
BlackRock, Inc. — Class A		627		198,427
Bank of New York Mellon Corp.		5,655		197,586
ACE Ltd.		1,674		173,309
Travelers Companies, Inc.		1,792		162,248
State Street Corp.		2,161		158,596
American Tower Corp. — Class A		1,943		155,090
Aflac, Inc.		2,295		153,306
Charles Schwab Corp.		5,709		148,434
Discover Financial Services		2,358		131,930
Marsh & McLennan Companies, Inc.		2,702		130,669
BB&T Corp.		3,467		129,388
IntercontinentalExchange Group, Inc.		569		127,979
Aon plc		1,482		124,325
Allstate Corp.		2,239		122,115
CME Group, Inc. — Class A		1,556		122,084
Chubb Corp.		1,240		119,821
Franklin Resources, Inc.		1,988		114,767
Ameriprise Financial, Inc.		958		110,218
T. Rowe Price Group, Inc.		1,285		107,644
Public Storage		709		106,719
McGraw Hill Financial, Inc.		1,333		104,241
SunTrust Banks, Inc.		2,635		96,994
Fifth Third Bancorp		4,347		91,417
Prologis, Inc.		2,455		90,712
Weyerhaeuser Co.		2,869		90,574
Equity Residential		1,650		85,586

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 55.7% (continued)
Financials - 9.0% (continued)
Ventas, Inc.		1,448	$	82,941
HCP, Inc.		2,250		81,720
Hartford Financial Services Group, Inc.		2,201		79,743
Invesco Ltd.		2,180		79,352
Vornado Realty Trust		856		76,004
Boston Properties, Inc.		757		75,980
Health Care REIT, Inc.		1,418		75,962
M&T Bank Corp.		640		74,509
Progressive Corp.		2,718		74,120
Moody's Corp.		932		73,134
Loews Corp.		1,506		72,649
Host Hotels & Resorts, Inc.		3,727		72,453
AvalonBay Communities, Inc.		595		70,347
Northern Trust Corp.		1,106		68,450
Regions Financial Corp.		6,782		67,074
Lincoln National Corp.		1,292		66,693
Principal Financial Group, Inc.		1,348		66,470
KeyCorp		4,415		59,249
SLM Corp.		2,148		56,449
General Growth Properties, Inc.		2,647		53,125
Unum Group		1,286		45,113
XL Group plc — Class A		1,392		44,321
Leucadia National Corp.		1,544		43,757
Comerica, Inc.		901		42,834
Macerich Co.		692		40,752
Plum Creek Timber Company, Inc.		867		40,324
Kimco Realty Corp.		2,017		39,836
Huntington Bancshares, Inc.		4,089		39,459
Cincinnati Financial Corp.		723		37,864
Genworth Financial, Inc. — Class A*		2,429		37,722
CBRE Group, Inc. — Class A*		1,373		36,110
Torchmark Corp.		445		34,777
E*TRADE Financial Corp.*		1,413		27,751
Zions Bancorporation		909		27,234
Assurant, Inc.		358		23,760
People's United Financial, Inc.		1,565		23,662
Legg Mason, Inc.		523		22,740
NASDAQ OMX Group, Inc.		569		22,646
Hudson City Bancorp, Inc.		2,341		22,076
Apartment Investment & Management Co. — Class A		718		18,603
Total Financials				13,139,945
Health Care - 7.2%
Johnson & Johnson		13,891		1,272,278
Pfizer, Inc.		31,909		977,373
Merck & Company, Inc.		14,386		720,019
Gilead Sciences, Inc.*		7,547		567,157
Bristol-Myers Squibb Co.		8,107		430,887
Amgen, Inc.		3,713		423,876
AbbVie, Inc.		7,827		413,344
UnitedHealth Group, Inc.		4,957		373,263
Celgene Corp.*		2,029		342,820
Biogen Idec, Inc.*		1,163		325,349
Abbott Laboratories		7,613		291,806
Medtronic, Inc.		4,915		282,071
Express Scripts Holding Co.*		3,967		278,641
Eli Lilly & Co.		4,881		248,931
Thermo Fisher Scientific, Inc.		1,775		197,647
Baxter International, Inc.		2,671		185,768
McKesson Corp.		1,131		182,543
Allergan, Inc.		1,460		162,177
Covidien plc		2,265		154,247
Actavis plc*		852		143,136
WellPoint, Inc.		1,454		134,335
Alexion Pharmaceuticals, Inc.*		960		127,738
Aetna, Inc.		1,809		124,079
Cigna Corp.		1,361		119,060
Cardinal Health, Inc.		1,685		112,575
Stryker Corp.		1,453		109,178
Regeneron Pharmaceuticals, Inc.*		385		105,967
Becton Dickinson and Co.		955		105,518
Perrigo Company plc		655		100,516
Agilent Technologies, Inc.		1,628		93,105
St. Jude Medical, Inc.		1,435		88,898
Vertex Pharmaceuticals, Inc.*		1,150		85,445
Mylan, Inc.*		1,881		81,635
Cerner Corp.*		1,453		80,990
Zoetis, Inc.		2,462		80,483
AmerisourceBergen Corp. — Class A		1,133		79,661
Humana, Inc.		768		79,273
Boston Scientific Corp.*		6,574		79,019
Zimmer Holdings, Inc.		840		78,280
Intuitive Surgical, Inc.*		187		71,823
Forest Laboratories, Inc.*		1,164		69,875
Life Technologies Corp.*		849		64,354
DaVita HealthCare Partners, Inc.*		869		55,069
CR Bard, Inc.		383		51,299
Waters Corp.*		419		41,900
CareFusion Corp.*		1,041		41,453
Varian Medical Systems, Inc.*		520		40,399
Laboratory Corporation of America Holdings*		430		39,289
Quest Diagnostics, Inc.		716		38,335
Edwards Lifesciences Corp.*		539		35,445
DENTSPLY International, Inc.		698		33,839
Hospira, Inc.*		815		33,643
PerkinElmer, Inc.		553		22,800
Tenet Healthcare Corp.*		489		20,597
Patterson Companies, Inc.		410		16,892
Total Health Care				10,516,100
Consumer Discretionary - 7.0%
Amazon.com, Inc.*		1,825		727,792
Comcast Corp. — Class A		12,830		666,710
Walt Disney Co.		8,046		614,714
Home Depot, Inc.		6,933		570,863
McDonald's Corp.		4,899		475,350
Twenty-First Century Fox, Inc. — Class A		9,662		339,909
Time Warner, Inc.		4,454		310,533
Ford Motor Co.		19,420		299,651
Priceline.com, Inc.*		253		294,087
Starbucks Corp.		3,706		290,513

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 55.7% (continued)
Consumer Discretionary - 7.0% (continued)
NIKE, Inc. — Class B		3,679	$	289,317
Lowe's Companies, Inc.		5,149		255,133
General Motors Co.*		5,607		229,158
TJX Companies, Inc.		3,502		223,182
Target Corp.		3,109		196,706
Time Warner Cable, Inc.		1,388		188,074
CBS Corp. — Class B		2,748		175,157
Viacom, Inc. — Class B		1,998		174,505
Johnson Controls, Inc.		3,372		172,984
DIRECTV*		2,406		166,231
Yum! Brands, Inc.		2,193		165,813
VF Corp.		1,724		107,474
Netflix, Inc.*		287		105,665
Discovery Communications, Inc. — Class A*		1,111		100,457
Macy's, Inc.		1,814		96,868
Omnicom Group, Inc.		1,264		94,004
Dollar General Corp.*		1,451		87,524
Carnival Corp.		2,157		86,647
Bed Bath & Beyond, Inc.*		1,057		84,877
Delphi Automotive plc		1,379		82,919
Chipotle Mexican Grill, Inc. — Class A*		152		80,983
AutoZone, Inc.*		168		80,294
Ross Stores, Inc.		1,065		79,800
Mattel, Inc.		1,666		79,268
Coach, Inc.		1,381		77,516
Wynn Resorts Ltd.		398		77,296
Harley-Davidson, Inc.		1,089		75,402
Starwood Hotels & Resorts Worldwide, Inc.		943		74,921
L Brands, Inc.		1,196		73,973
Michael Kors Holdings Ltd.*		883		71,691
O'Reilly Automotive, Inc.*		528		67,959
Genuine Parts Co.		760		63,224
BorgWarner, Inc.		1,119		62,563
Whirlpool Corp.		386		60,548
Dollar Tree, Inc.*		1,021		57,605
Kohl's Corp.		991		56,239
PVH Corp.		402		54,680
Marriott International, Inc. — Class A		1,106		54,592
Best Buy Company, Inc.		1,342		53,519
Ralph Lauren Corp. — Class A		294		51,912
CarMax, Inc.*		1,100		51,722
Staples, Inc.		3,252		51,675
The Gap, Inc.		1,304		50,960
Tiffany & Co.		539		50,008
Wyndham Worldwide Corp.		642		47,309
Scripps Networks Interactive, Inc. — Class A		539		46,575
Newell Rubbermaid, Inc.		1,414		45,828
TripAdvisor, Inc.*		546		45,225
Mohawk Industries, Inc.*		300		44,670
News Corp. — Class A*		2,451		44,167
Nordstrom, Inc.		704		43,507
H&R Block, Inc.		1,345		39,059
PetSmart, Inc.		511		37,175
Interpublic Group of Companies, Inc.		2,049		36,267
Expedia, Inc.		507		35,318
Darden Restaurants, Inc.		641		34,851
PulteGroup, Inc.		1,697		34,568
Gannett Company, Inc.		1,122		33,189
Lennar Corp. — Class A		818		32,360
DR Horton, Inc.		1,399		31,226
Hasbro, Inc.		566		31,136
Family Dollar Stores, Inc.		476		30,926
Goodyear Tire & Rubber Co.		1,219		29,073
Fossil Group, Inc.*		242		29,025
GameStop Corp. — Class A		576		28,374
Garmin Ltd.		606		28,010
Harman International Industries, Inc.		332		27,174
International Game Technology		1,225		22,246
Leggett & Platt, Inc.		695		21,503
Urban Outfitters, Inc.*		535		19,849
Cablevision Systems Corp. — Class A		1,050		18,827
AutoNation, Inc.*		318		15,801
Graham Holdings Co. — Class B		17		11,276
Total Consumer Discretionary				10,175,681
Industrials - 6.1%
General Electric Co.		49,812		1,396,230
United Technologies Corp.		4,156		472,952
Boeing Co.		3,404		464,611
3M Co.		3,149		441,647
Union Pacific Corp.		2,268		381,025
United Parcel Service, Inc. — Class B		3,519		369,777
Honeywell International, Inc.		3,863		352,961
Caterpillar, Inc.		3,133		284,509
Emerson Electric Co.		3,466		243,244
Danaher Corp.		2,950		227,740
FedEx Corp.		1,464		210,479
Lockheed Martin Corp.		1,325		196,975
Precision Castparts Corp.		715		192,550
Eaton Corporation plc		2,332		177,512
Deere & Co.		1,885		172,157
Illinois Tool Works, Inc.		2,010		169,001
General Dynamics Corp.		1,643		156,989
CSX Corp.		4,991		143,591
Raytheon Co.		1,573		142,671
Norfolk Southern Corp.		1,521		141,194
Northrop Grumman Corp.		1,093		125,269
Cummins, Inc.		855		120,529
Delta Air Lines, Inc.		4,212		115,704
PACCAR, Inc.		1,743		103,133
Waste Management, Inc.		2,148		96,381
Parker Hannifin Corp.		735		94,550
Tyco International Ltd.		2,295		94,187
Ingersoll-Rand plc		1,319		81,250
Dover Corp.		839		80,997
Rockwell Automation, Inc.		683		80,703
WW Grainger, Inc.		304		77,648
Pentair Ltd.		981		76,194

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 55.7% (continued)
Industrials - 6.1% (continued)
Roper Industries, Inc.		489	$	67,815
Kansas City Southern		540		66,868
Southwest Airlines Co.		3,430		64,621
Fluor Corp.		799		64,151
Fastenal Co.		1,344		63,853
AMETEK, Inc.		1,200		63,204
Stanley Black & Decker, Inc.		764		61,647
Nielsen Holdings N.V.		1,246		57,179
Flowserve Corp.		687		54,156
Textron, Inc.		1,384		50,876
Rockwell Collins, Inc.		665		49,157
Stericycle, Inc.*		422		49,024
L-3 Communications Holdings, Inc.		436		46,591
Pall Corp.		545		46,516
Expeditors International of Washington, Inc.		1,012		44,781
Republic Services, Inc. — Class A		1,330		44,156
CH Robinson Worldwide, Inc.		747		43,580
Equifax, Inc.		599		41,385
Jacobs Engineering Group, Inc.*		645		40,629
Masco Corp.		1,758		40,030
ADT Corp.		984		39,823
Quanta Services, Inc.*		1,061		33,485
Xylem, Inc.		908		31,417
Snap-on, Inc.		282		30,885
Joy Global, Inc.		523		30,590
Cintas Corp.		496		29,556
Robert Half International, Inc.		682		28,637
Iron Mountain, Inc.		836		25,373
Dun & Bradstreet Corp.		188		23,077
Pitney Bowes, Inc.		990		23,067
Allegion plc*		440		19,458
Ryder System, Inc.		255		18,814
Total Industrials				8,878,761
Energy - 5.7%
Exxon Mobil Corp.		21,508		2,176,609
Chevron Corp.		9,469		1,182,773
Schlumberger Ltd.		6,484		584,273
ConocoPhillips		6,027		425,808
Occidental Petroleum Corp.		3,969		377,452
Phillips 66		2,952		227,688
EOG Resources, Inc.		1,344		225,578
Halliburton Co.		4,175		211,881
Anadarko Petroleum Corp.		2,478		196,555
Apache Corp.		1,966		168,958
National Oilwell Varco, Inc.		2,106		167,490
Marathon Petroleum Corp.		1,482		135,944
Valero Energy Corp.		2,656		133,862
Williams Companies, Inc.		3,365		129,788
Pioneer Natural Resources Co.		703		129,401
Marathon Oil Corp.		3,430		121,079
Baker Hughes, Inc.		2,182		120,577
Noble Energy, Inc.		1,769		120,487
Kinder Morgan, Inc.		3,315		119,340
Spectra Energy Corp.		3,299		117,510
Hess Corp.		1,400		116,200
Devon Energy Corp.		1,878		116,192
Transocean Ltd.		1,669		82,482
Cabot Oil & Gas Corp.		2,069		80,194
Cameron International Corp.*		1,171		69,710
Southwestern Energy Co.*		1,727		67,923
Range Resources Corp.		805		67,870
Chesapeake Energy Corp.		2,489		67,551
Equities Corp.		740		66,437
Ensco plc — Class A		1,147		65,585
FMC Technologies, Inc.*		1,165		60,825
Murphy Oil Corp.		861		55,862
Noble Corporation plc		1,248		46,763
Helmerich & Payne, Inc.		525		44,142
CONSOL Energy, Inc.		1,123		42,719
Tesoro Corp.		654		38,259
Denbury Resources, Inc.*		1,805		29,656
QEP Resources, Inc.		882		27,033
Peabody Energy Corp.		1,328		25,936
Nabors Industries Ltd.		1,279		21,730
Rowan Companies plc — Class A*		612		21,640
WPX Energy, Inc.*		989		20,156
Diamond Offshore Drilling, Inc.		342		19,467
Newfield Exploration Co.*		669		16,477
Total Energy				8,343,862
Consumer Staples - 5.4%
Procter & Gamble Co.		13,383		1,089,511
Coca-Cola Co.		18,698		772,414
Philip Morris International, Inc.		7,888		687,281
Wal-Mart Stores, Inc.		7,966		626,844
PepsiCo, Inc.		7,551		626,280
CVS Caremark Corp.		5,860		419,400
Altria Group, Inc.		9,847		378,026
Mondelez International, Inc. — Class A		8,635		304,815
Colgate-Palmolive Co.		4,327		282,164
Costco Wholesale Corp.		2,151		255,991
Walgreen Co.		4,288		246,303
Kimberly-Clark Corp.		1,879		196,280
Kraft Foods Group, Inc.		2,932		158,093
General Mills, Inc.		3,123		155,869
Archer-Daniels-Midland Co.		3,239		140,573
Whole Foods Market, Inc.		1,832		105,944
Sysco Corp.		2,863		103,354
Kroger Co.		2,564		101,355
Estee Lauder Companies, Inc. — Class A		1,258		94,752
Lorillard, Inc.		1,814		91,934
Mead Johnson Nutrition Co. — Class A		994		83,257
Kellogg Co.		1,266		77,315
Reynolds American, Inc.		1,543		77,135
Hershey Co.		733		71,270
ConAgra Foods, Inc.		2,077		69,995
Brown-Forman Corp. — Class B		798		60,305
Clorox Co.		635		58,903
Constellation Brands, Inc. — Class A*		817		57,500
Beam, Inc.		802		54,584
JM Smucker Co.		513		53,157

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 55.7% (continued)
Consumer Staples - 5.4% (continued)
Coca-Cola Enterprises, Inc.		1,189	$	52,471
Dr Pepper Snapple Group, Inc.		988		48,135
Monster Beverage Corp.*		669		45,338
McCormick & Company, Inc.		650		44,798
Tyson Foods, Inc. — Class A		1,337		44,736
Molson Coors Brewing Co. — Class B		778		43,685
Safeway, Inc.		1,210		39,410
Campbell Soup Co.		882		38,173
Avon Products, Inc.		2,136		36,782
Hormel Foods Corp.		663		29,948
Total Consumer Staples				7,924,080
Materials - 1.9%
Monsanto Co.		2,589		301,747
EI du Pont de Nemours & Co.		4,556		296,002
Dow Chemical Co.		5,966		264,890
Freeport-McMoRan Copper & Gold, Inc.		5,111		192,889
Praxair, Inc.		1,449		188,414
LyondellBasell Industries N.V. — Class A		2,151		172,683
Ecolab, Inc.		1,335		139,200
PPG Industries, Inc.		699		132,572
Air Products & Chemicals, Inc.		1,040		116,251
International Paper Co.		2,184		107,082
Nucor Corp.		1,567		83,647
Mosaic Co.		1,678		79,319
Sherwin-Williams Co.		424		77,804
CF Industries Holdings, Inc.		279		65,018
Eastman Chemical Co.		758		61,171
Newmont Mining Corp.		2,451		56,447
Alcoa, Inc.		5,266		55,978
Sigma-Aldrich Corp.		589		55,372
FMC Corp.		656		49,502
Vulcan Materials Co.		640		38,029
Ball Corp.		712		36,782
Airgas, Inc.		327		36,575
International Flavors & Fragrances, Inc.		401		34,478
Sealed Air Corp.		962		32,756
MeadWestvaco Corp.		880		32,498
Owens-Illinois, Inc.*		815		29,161
Avery Dennison Corp.		476		23,890
United States Steel Corp.		712		21,004
Bemis Company, Inc.		507		20,767
Cliffs Natural Resources, Inc.		754		19,762
Allegheny Technologies, Inc.		527		18,777
Total Materials				2,840,467
Utilities - 1.6%
Duke Energy Corp.		3,476		239,879
Dominion Resources, Inc.		2,857		184,819
NextEra Energy, Inc.		2,118		181,343
Southern Co.		4,343		178,541
Exelon Corp.		4,219		115,558
American Electric Power Company, Inc.		2,399		112,129
Sempra Energy		1,119		100,441
PPL Corp.		3,103		93,369
PG&E Corp.		2,208		88,938
Public Service Enterprise Group, Inc.		2,489		79,748
Consolidated Edison, Inc.		1,442		79,714
Edison International		1,603		74,219
Xcel Energy, Inc.		2,450		68,453
FirstEnergy Corp.		2,059		67,906
Northeast Utilities		1,551		65,747
ONEOK, Inc.		1,016		63,175
DTE Energy Co.		868		57,627
Entergy Corp.		878		55,551
NiSource, Inc.		1,541		50,668
CenterPoint Energy, Inc.		2,110		48,910
AES Corp.		3,237		46,969
Wisconsin Energy Corp.		1,115		46,094
NRG Energy, Inc.		1,589		45,636
Ameren Corp.		1,192		43,103
CMS Energy Corp.		1,310		35,069
SCANA Corp.		687		32,241
Pinnacle West Capital Corp.		539		28,524
AGL Resources, Inc.		583		27,535
Pepco Holdings, Inc.		1,234		23,606
Integrys Energy Group, Inc.		393		21,383
TECO Energy, Inc.		1,006		17,343
Total Utilities				2,374,238
Telecommunication Services - 1.3%
AT&T, Inc.		25,937		911,944
Verizon Communications, Inc.		14,090		692,383
Crown Castle International Corp.*		1,646		120,866
CenturyLink, Inc.		2,910		92,684
Windstream Holdings, Inc.1		2,934		23,413
Frontier Communications Corp.		4,921		22,883
Total Telecommunication Services				1,864,173
Total Common Stocks
(Cost $55,439,475)				81,189,271
		Face Amount
REPURCHASE AGREEMENTS††,2 - 20.0%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	22,902,051		22,902,051
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		3,694,033		3,694,033
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		2,292,655		2,292,655
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143		296,059		296,059
Total Repurchase Agreements
(Cost $29,184,798)				29,184,798

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
SECURITIES LENDING COLLATERAL††,4 - 0.0%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	5,752	$	5,752
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		848		848
Total Securities Lending Collateral
(Cost $6,600)				6,600
Total Investments - 75.7%
(Cost $84,630,873)			$	110,380,669
Other Assets & Liabilities, net - 24.3%				35,522,533
Total Net Assets - 100.0%			$	145,903,202

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $6,639,300)		72	$	81,691

	Units
EQUITY INDEX SWAP AGREEMENTS††
Barclays Bank plc January 2014 S&P 500 Index Swap, Terminating 01/31/145 (Notional Value $64,514,548)		34,904	$	206,961
Credit Suisse Capital, LLC January 2014 S&P 500 Index Swap, Terminating 01/28/145 (Notional Value $43,662,340)		23,622		152,181
Goldman Sachs International January 2014 S&P 500 Index Swap, Terminating 01/28/145 (Notional Value $22,611,057)		12,233		9,604
(Total Notional Value $130,787,945)			$	368,746

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
4	Securities lending collateral — See Note 4.
5	Total Return based on S&P 500 Index +/- financing at a variable rate.

plc — Public Limited Company

REIT — Real Estate Investment Trust

Precious Metals Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Gold - 67.1%
Barrick Gold Corp.		239,144	$	4,216,108
Newmont Mining Corp.		159,707		3,678,052
Goldcorp, Inc.		155,750		3,375,103
Yamana Gold, Inc.1		232,129		2,000,952
Randgold Resources Ltd. ADR		29,766		1,869,602
Agnico Eagle Mines Ltd.		65,942		1,739,550
AngloGold Ashanti Ltd. ADR		142,129		1,665,752
Kinross Gold Corp.		375,283		1,643,740
Royal Gold, Inc.		34,399		1,584,762
Eldorado Gold Corp.		273,823		1,558,053
IAMGOLD Corp.		420,265		1,399,482
Gold Fields Ltd. ADR		404,702		1,295,046
New Gold, Inc.*		240,440		1,259,906
Cia de Minas Buenaventura SAA ADR		111,210		1,247,776
Franco-Nevada Corp.		30,256		1,232,629
Allied Nevada Gold Corp.*,1		331,600		1,177,180
AuRico Gold, Inc.		225,939		826,937
Harmony Gold Mining Company Ltd. ADR		324,836		821,835
Seabridge Gold, Inc.*,1		83,866		612,222
B2Gold Corp.*,1		302,954		611,967
Novagold Resources, Inc.*		204,693		519,920
Sibanye Gold Ltd. ADR		97,700		469,937
Pretium Resources, Inc.*,1		89,628		462,480
Gold Resource Corp.1		98,118		444,475
Alamos Gold, Inc.		36,529		443,097
Sandstorm Gold Ltd.*		55,900		238,693
Newcrest Mining Ltd. ADR		15,572		109,627
Total Gold				36,504,883
Precious Metals & Minerals - 20.4%
Silver Wheaton Corp.		128,497		2,594,354
Pan American Silver Corp.		110,426		1,291,984
Coeur Mining, Inc.*		109,078		1,183,496
Hecla Mining Co.		363,676		1,120,122
First Majestic Silver Corp.*		93,441		915,722
Stillwater Mining Co.*		73,932		912,321
Silver Standard Resources, Inc.*		105,682		735,547
McEwen Mining, Inc.*,1		344,356		674,938
Endeavour Silver Corp.*		180,611		655,618
Dominion Diamond Corp.*		30,522		438,296
Silvercorp Metals, Inc.		187,300		428,917
Tahoe Resources, Inc.*		9,953		165,618
Total Precious Metals & Minerals				11,116,933
Diversified Metals & Mining - 12.0%
Freeport-McMoRan Copper & Gold, Inc.		127,995		4,830,531
Southern Copper Corp.		58,705		1,685,421
Total Diversified Metals & Mining				6,515,952
Total Common Stocks
(Cost $35,994,270)				54,137,768
		Face Amount		Value
SECURITIES LENDING COLLATERAL††,2 - 7.1%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	3,366,126		3,366,126
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		496,167		496,167
Total Securities Lending Collateral
(Cost $3,862,293)				3,862,293
Total Investments - 106.6%
(Cost $39,856,563)			$	58,000,061
Other Assets & Liabilities, net - (6.6)%				(3,599,086	)
Total Net Assets - 100.0%			$	54,400,975

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.8%
Real Estate Investment Trusts (REITs) - 90.5%
Specialized Reits - 26.8%
American Tower Corp. — Class A		2,282	$	182,150
Public Storage		1,073		161,509
Weyerhaeuser Co.		4,309		136,035
Ventas, Inc.		2,330		133,462
HCP, Inc.		3,645		132,386
Health Care REIT, Inc.		2,414		129,318
Host Hotels & Resorts, Inc.		6,367		123,774
Plum Creek Timber Company, Inc.		1,962		91,253
Rayonier, Inc.		1,768		74,433
Extra Space Storage, Inc.		1,677		70,652
Senior Housing Properties Trust		2,971		66,045
Hospitality Properties Trust		2,350		63,521
Corrections Corporation of America		1,959		62,825
Omega Healthcare Investors, Inc.		2,058		61,328
LaSalle Hotel Properties		1,816		56,042
RLJ Lodging Trust		2,230		54,234
Sunstone Hotel Investors, Inc.		3,751		50,263
EPR Properties		1,019		50,094
Healthcare Trust of America, Inc. — Class A		4,991		49,111
Geo Group, Inc.		1,520		48,974
CubeSmart		3,020		48,139
DiamondRock Hospitality Co.		4,163		48,083
Ryman Hospitality Properties, Inc.		1,110		46,376
Sovran Self Storage, Inc.		708		46,140
Healthcare Realty Trust, Inc.		2,163		46,094
Alexander & Baldwin, Inc.		1,090		45,486
Medical Properties Trust, Inc.		3,659		44,713
Pebblebrook Hotel Trust		1,440		44,294
Strategic Hotels & Resorts, Inc.*		4,620		43,659
Potlatch Corp.		989		41,281
Total Specialized Reits				2,251,674
Retail Reits - 17.3%
Simon Property Group, Inc.		1,431		217,742
General Growth Properties, Inc.		6,918		138,844
Macerich Co.		1,580		93,046
Kimco Realty Corp.		4,571		90,277
Realty Income Corp.		2,355		87,912
Cole Real Estate Investment, Inc.		6,000		84,240
Federal Realty Investment Trust		815		82,649
DDR Corp.		4,977		76,496
Regency Centers Corp.		1,445		66,904
Taubman Centers, Inc.		1,019		65,134
National Retail Properties, Inc.		2,033		61,661
Weingarten Realty Investors		2,133		58,487
CBL & Associates Properties, Inc.		3,147		56,520
Tanger Factory Outlet Centers		1,756		56,227
Retail Properties of America, Inc. — Class A		4,380		55,714
Equity One, Inc.		2,373		53,250
Glimcher Realty Trust		4,063		38,030
Acadia Realty Trust		1,500		37,245
Pennsylvania Real Estate Investment Trust		1,880		35,682
Total Retail Reits				1,456,060
Residential Reits - 12.7%
Equity Residential		2,699		139,997
AvalonBay Communities, Inc.		1,065		125,915
UDR, Inc.		3,398		79,343
Essex Property Trust, Inc.		518		74,338
Camden Property Trust		1,240		70,531
Mid-America Apartment Communities, Inc.		1,144		69,487
BRE Properties, Inc.		1,205		65,926
Apartment Investment & Management Co. — Class A		2,434		63,065
American Campus Communities, Inc.		1,813		58,397
Home Properties, Inc.		1,069		57,320
Equity Lifestyle Properties, Inc.		1,562		56,591
American Homes 4 Rent — Class A		3,450		55,890
Post Properties, Inc.		1,123		50,793
Sun Communities, Inc.		930		39,655
Education Realty Trust, Inc.		3,733		32,925
Associated Estates Realty Corp.		1,950		31,298
Total Residential Reits				1,071,471
Office Reits - 11.0%
Boston Properties, Inc.		1,216		122,049
SL Green Realty Corp.		1,026		94,782
Digital Realty Trust, Inc.		1,688		82,915
Alexandria Real Estate Equities, Inc.		1,064		67,692
Kilroy Realty Corp.		1,276		64,030
BioMed Realty Trust, Inc.		3,320		60,158
Douglas Emmett, Inc.		2,490		57,992
Highwoods Properties, Inc.		1,600		57,872
CommonWealth REIT		2,262		52,727
Piedmont Office Realty Trust, Inc. — Class A		3,136		51,807
Brandywine Realty Trust		3,389		47,751
Corporate Office Properties Trust		1,894		44,869
Mack-Cali Realty Corp.		2,055		44,141
DuPont Fabros Technology, Inc.		1,689		41,735
Government Properties Income Trust		1,490		37,027
Total Office Reits				927,547
Mortgage Reits - 10.2%
Annaly Capital Management, Inc.		9,893		98,634
American Capital Agency Corp.		4,543		87,635
Starwood Property Trust, Inc.		2,682		74,291
NorthStar Realty Finance Corp.		4,740		63,753
Two Harbors Investment Corp.		6,130		56,886
MFA Financial, Inc.		7,192		50,776
Newcastle Investment Corp.		8,090		46,437
Invesco Mortgage Capital, Inc.		3,019		44,319
Redwood Trust, Inc.		2,100		40,677
PennyMac Mortgage Investment Trust		1,770		40,639
New Residential Investment Corp.		6,080		40,614
Hatteras Financial Corp.		2,467		40,311
Colony Financial, Inc.		1,960		39,768
iStar Financial, Inc.*		2,540		36,246
CYS Investments, Inc.		4,886		36,205

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.8% (continued)
Real Estate Investment Trusts (REITs) - 90.5% (continued)
Mortgage Reits - 10.2% (continued)
Capstead Mortgage Corp.		2,830	$	34,186
American Capital Mortgage Investment Corp.		1,740		30,380
Total Mortgage Reits				861,757
Diversifed Reits - 8.4%
Vornado Realty Trust		1,471		130,610
Duke Realty Corp.		4,763		71,636
Liberty Property Trust		2,086		70,653
WP Carey, Inc.		1,052		64,540
Spirit Realty Capital, Inc.		6,265		61,585
American Realty Capital Properties, Inc.		3,930		50,540
Lexington Realty Trust		4,783		48,834
PS Business Parks, Inc.		600		45,852
Cousins Properties, Inc.		4,330		44,599
Chambers Street Properties		5,710		43,682
Washington Real Estate Investment Trust		1,690		39,478
American Assets Trust, Inc.		1,140		35,830
Total Diversifed Reits				707,839
Industrial Reits - 3.3%
Prologis, Inc.		3,749		138,525
DCT Industrial Trust, Inc.		6,830		48,698
First Industrial Realty Trust, Inc.		2,610		45,545
EastGroup Properties, Inc.		731		42,347
Total Industrial Reits				275,115
Casinos & Gaming - 0.8%
Gaming and Leisure Properties, Inc.*		1,366		69,406
Total Real Estate Investment Trusts (REITs)				7,620,869
Real Estate Management & Development - 9.3%
Real Estate Services - 4.5%
CBRE Group, Inc. — Class A*		3,620		95,207
Realogy Holdings Corp.*		1,764		87,265
Jones Lang LaSalle, Inc.		673		68,908
E-House China Holdings Ltd. ADR		4,450		67,106
Altisource Portfolio Solutions S.A.*		372		59,010
Total Real Estate Services				377,496
Real Estate Operating Companies - 2.6%
Brookfield Office Properties, Inc.		5,226		100,601
Forest City Enterprises, Inc. — Class A*		3,302		63,068
Altisource Residential Corp.		1,940		58,413
Total Real Estate Operating Companies				222,082
Diversified Real Estate Activities - 1.3%
Brookfield Asset Management, Inc. — Class A		1,720		66,787
St. Joe Co.*		2,278		43,715
Total Diversified Real Estate Activities				110,502
Real Estate Development - 0.9%
Howard Hughes Corp.*		602		72,300
Total Real Estate Management & Development				782,380
Total Common Stocks
(Cost $5,693,457)				8,403,249
Total Investments - 99.8%
(Cost $5,693,457)			$	8,403,249
Other Assets & Liabilities, net - 0.2%				14,139
Total Net Assets - 100.0%			$	8,417,388

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.

ADR — American Depositary Receipt

REIT — Real Estate Investment Trust

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Apparel Retail - 16.2%
TJX Companies, Inc.		13,512	$	861,119
The Gap, Inc.		13,849		541,219
L Brands, Inc.		8,657		535,435
Ross Stores, Inc.		6,800		509,524
Foot Locker, Inc.		7,593		314,654
Urban Outfitters, Inc.*		8,039		298,247
DSW, Inc. — Class A		5,920		252,962
Ascena Retail Group, Inc.*		11,406		241,351
Chico's FAS, Inc.		11,826		222,802
American Eagle Outfitters, Inc.		14,900		214,560
Buckle, Inc.1		3,923		206,193
Guess?, Inc.		6,600		205,062
Abercrombie & Fitch Co. — Class A		6,116		201,278
Men's Wearhouse, Inc.		3,901		199,263
Genesco, Inc.*		2,361		172,495
ANN, Inc.*		4,382		160,206
Express, Inc.*		8,490		158,508
Jos. A. Bank Clothiers, Inc.*		2,833		155,050
Finish Line, Inc. — Class A		5,366		151,160
Children's Place Retail Stores, Inc.*		2,568		146,299
Aeropostale, Inc.*		12,595		114,489
Francesca's Holdings Corp.*		5,870		108,067
Total Apparel Retail				5,969,943
Internet Retail - 15.6%
Amazon.com, Inc.*		4,167		1,661,758
Priceline.com, Inc.*		838		974,091
Netflix, Inc.*		1,611		593,122
TripAdvisor, Inc.*		5,275		436,928
Ctrip.com International Ltd. ADR*		8,160		404,899
Expedia, Inc.		5,395		375,816
Groupon, Inc. — Class A*		28,829		339,317
Vipshop Holdings Ltd. ADR*		3,450		288,696
Liberty Ventures*		2,270		278,279
HomeAway, Inc.*		5,920		242,010
Shutterfly, Inc.*		3,528		179,681
Total Internet Retail				5,774,597
Specialty Stores - 12.0%
Tiffany & Co.		4,625		429,107
Tractor Supply Co.		5,482		425,293
Staples, Inc.		25,945		412,265
Dick's Sporting Goods, Inc.		5,917		343,778
PetSmart, Inc.		4,702		342,071
Ulta Salon Cosmetics & Fragrance, Inc.*		3,305		318,999
GNC Holdings, Inc. — Class A		5,111		298,738
Signet Jewelers Ltd.		3,688		290,246
Sally Beauty Holdings, Inc.*		9,106		275,274
Cabela's, Inc.*		4,054		270,240
Office Depot, Inc.*		40,220		212,764
Five Below, Inc.*		4,460		192,672
Outerwall, Inc.*		2,620		176,247
Hibbett Sports, Inc.*,1		2,560		172,058
Vitamin Shoppe, Inc.*		3,171		164,924
Barnes & Noble, Inc.*		8,274		123,696
Total Specialty Stores				4,448,372
Hypermarkets & Super Centers - 9.3%
Wal-Mart Stores, Inc.		26,050		2,049,874
Costco Wholesale Corp.		7,677		913,640
PriceSmart, Inc.		2,100		242,634
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR		5,082		227,013
Total Hypermarkets & Super Centers				3,433,161
Automotive Retail - 8.6%
AutoZone, Inc.*		1,090		520,954
O'Reilly Automotive, Inc.*		3,653		470,177
CarMax, Inc.*		8,047		378,370
Advance Auto Parts, Inc.		3,341		369,782
AutoNation, Inc.*		6,164		306,289
Penske Automotive Group, Inc.		5,550		261,738
CST Brands, Inc.		5,770		211,874
Murphy USA, Inc.*		4,160		172,890
Group 1 Automotive, Inc.		2,387		169,525
Lithia Motors, Inc. — Class A		2,440		169,385
Asbury Automotive Group, Inc.*		2,890		155,309
Total Automotive Retail				3,186,293
Home Improvement Retail - 6.8%
Home Depot, Inc.		16,823		1,385,206
Lowe's Companies, Inc.		18,505		916,923
Lumber Liquidators Holdings, Inc.*		2,060		211,953
Total Home Improvement Retail				2,514,082
Drug Retail - 6.4%
CVS Caremark Corp.		16,277		1,164,945
Walgreen Co.		16,466		945,807
Rite Aid Corp.*		54,520		275,871
Total Drug Retail				2,386,623
General Merchandise Stores - 6.3%
Target Corp.		12,844		812,640
Dollar General Corp.*		9,401		567,068
Dollar Tree, Inc.*		7,760		437,819
Family Dollar Stores, Inc.		5,410		351,488
Big Lots, Inc.*		5,518		178,176
Total General Merchandise Stores				2,347,191
Department Stores - 6.1%
Macy's, Inc.		10,648		568,603
Kohl's Corp.		7,889		447,701
Nordstrom, Inc.		7,125		440,325
Sears Holdings Corp.*,1		6,120		300,125
Dillard's, Inc. — Class A		2,789		271,119
JC Penney Company, Inc.*,1		25,629		234,505
Total Department Stores				2,262,378
Homefurnishing Retail - 4.2%
Bed Bath & Beyond, Inc.*		6,588		529,016
Williams-Sonoma, Inc.		5,068		295,363
Restoration Hardware Holdings, Inc.*		3,160		212,668
Pier 1 Imports, Inc.		8,408		194,057
Aaron's, Inc.		6,487		190,718
Select Comfort Corp.*		6,247		131,749
Total Homefurnishing Retail				1,553,571
Computer & Electronics Retail - 3.1%
Best Buy Company, Inc.		11,473		457,543
GameStop Corp. — Class A		5,945		292,851
Conn's, Inc.*		2,820		222,188

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5% (continued)
Computer & Electronics Retail - 3.1% (continued)
Rent-A-Center, Inc. — Class A		5,079	$	169,334
Total Computer & Electronics Retail				1,141,916
Distributors - 2.9%
Genuine Parts Co.		5,533		460,291
LKQ Corp.*		12,397		407,861
Pool Corp.		3,610		209,885
Total Distributors				1,078,037
Catalog Retail - 2.0%
Liberty Interactive Corp. — Class A*		16,903		496,103
HSN, Inc.		3,710		231,133
Total Catalog Retail				727,236
Total Common Stocks
(Cost $25,527,609)				36,823,400
	Face Amount
SECURITIES LENDING COLLATERAL††,2 - 1.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	578,918	$	578,918
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		85,332		85,332
Total Securities Lending Collateral
(Cost $664,250)				664,250
Total Investments - 101.3%
(Cost $26,191,859)			$	37,487,650
Other Assets & Liabilities, net - (1.3)%				(474,094	)
Total Net Assets - 100.0%			$	37,013,556

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4 .

ADR — American Depositary Receipt

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1%
Financials - 17.5%
CNO Financial Group, Inc.		3,250	$	57,493
NorthStar Realty Finance Corp.		4,233		56,935
Prosperity Bancshares, Inc.		883		55,972
FirstMerit Corp.		2,422		53,840
Financial Engines, Inc.		718		49,886
Highwoods Properties, Inc.		1,313		47,491
LaSalle Hotel Properties		1,524		47,030
Prospect Capital Corp.		4,069		45,654
Hancock Holding Co.		1,239		45,446
Stifel Financial Corp.*		932		44,660
First American Financial Corp.		1,579		44,527
RLJ Lodging Trust		1,808		43,970
Webster Financial Corp.		1,320		41,157
MGIC Investment Corp.*		4,745		40,047
Portfolio Recovery Associates, Inc.*		738		38,996
EPR Properties		759		37,311
Texas Capital Bancshares, Inc.*		599		37,257
MarketAxess Holdings, Inc.		548		36,645
Sunstone Hotel Investors, Inc.		2,673		35,818
Primerica, Inc.		834		35,787
Radian Group, Inc.		2,529		35,708
BancorpSouth, Inc.		1,391		35,358
Susquehanna Bancshares, Inc.		2,729		35,039
Geo Group, Inc.		1,043		33,605
UMB Financial Corp.		521		33,489
DiamondRock Hospitality Co.		2,855		32,975
Glacier Bancorp, Inc.		1,053		31,369
Umpqua Holdings Corp.		1,637		31,332
CubeSmart		1,952		31,115
Cathay General Bancorp		1,149		30,713
First Financial Bankshares, Inc.		461		30,574
DCT Industrial Trust, Inc.		4,247		30,282
RLI Corp.		310		30,187
Healthcare Realty Trust, Inc.		1,404		29,919
Sovran Self Storage, Inc.		457		29,783
Invesco Mortgage Capital, Inc.		1,979		29,052
American Realty Capital Properties, Inc.		2,251		28,947
Medical Properties Trust, Inc.		2,359		28,827
Apollo Investment Corp.		3,291		27,908
Evercore Partners, Inc. — Class A		465		27,798
FNB Corp.		2,200		27,764
Pebblebrook Hotel Trust		900		27,684
PrivateBancorp, Inc. — Class A		953		27,570
First Industrial Realty Trust, Inc.		1,574		27,466
IBERIABANK Corp.		437		27,465
Ryman Hospitality Properties, Inc.		650		27,157
Janus Capital Group, Inc.		2,180		26,967
Lexington Realty Trust		2,625		26,801
First Cash Financial Services, Inc.*		432		26,714
Chambers Street Properties		3,463		26,492
Trustmark Corp.		986		26,464
Platinum Underwriters Holdings Ltd.		430		26,351
Capitol Federal Financial, Inc.		2,175		26,338
Alexander & Baldwin, Inc.		629		26,248
WisdomTree Investments, Inc.*		1,465		25,945
MB Financial, Inc.		806		25,865
Western Alliance Bancorporation*		1,079		25,745
EastGroup Properties, Inc.		443		25,663
Bank of the Ozarks, Inc.		453		25,635
Cousins Properties, Inc.		2,460		25,338
Strategic Hotels & Resorts, Inc.*		2,655		25,090
Wintrust Financial Corp.		539		24,859
American Equity Investment Life Holding Co.		941		24,824
Potlatch Corp.		593		24,752
New Residential Investment Corp.		3,699		24,709
Home BancShares, Inc.		658		24,576
Greenhill & Company, Inc.		414		23,987
Home Loan Servicing Solutions Ltd.		1,039		23,865
PennyMac Mortgage Investment Trust		1,035		23,764
National Health Investors, Inc.		423		23,730
First Financial Holdings, Inc.		352		23,412
PacWest Bancorp		554		23,390
Community Bank System, Inc.		587		23,292
Redwood Trust, Inc.		1,199		23,225
United Bankshares, Inc.1		734		23,084
CVB Financial Corp.		1,339		22,857
Old National Bancorp		1,483		22,794
Colony Financial, Inc.		1,122		22,765
Washington Real Estate Investment Trust		971		22,683
Symetra Financial Corp.		1,191		22,581
DuPont Fabros Technology, Inc.		910		22,486
Sun Communities, Inc.		525		22,385
Westamerica Bancorporation		393		22,189
Selective Insurance Group, Inc.		817		22,108
ARMOUR Residential REIT, Inc.		5,469		21,931
EverBank Financial Corp.		1,173		21,512
PS Business Parks, Inc.		281		21,474
Hilltop Holdings, Inc.*		910		21,048
International Bancshares Corp.		781		20,611
Virtus Investment Partners, Inc.*		103		20,605
Columbia Banking System, Inc.		746		20,522
PHH Corp.*		835		20,332
Northwest Bancshares, Inc.		1,369		20,234
Acadia Realty Trust		806		20,012
Government Properties Income Trust		803		19,955
Equity One, Inc.		883		19,815
Glimcher Realty Trust		2,113		19,778
Enstar Group Ltd.*		140		19,447
National Penn Bancshares, Inc.		1,713		19,408
First Midwest Bancorp, Inc.		1,097		19,230
BBCN Bancorp, Inc.		1,157		19,195
Walter Investment Management Corp.*		539		19,059

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Financials - 17.5% (continued)
Pennsylvania Real Estate Investment Trust		999	$	18,961
CYS Investments, Inc.		2,549		18,888
Montpelier Re Holdings Ltd.		647		18,828
Investors Bancorp, Inc.		736		18,827
Main Street Capital Corp.		570		18,633
Encore Capital Group, Inc.*		370		18,596
Altisource Residential Corp.		616		18,548
Argo Group International Holdings Ltd.		398		18,503
Fifth Street Finance Corp.		1,997		18,472
Kennedy-Wilson Holdings, Inc.		829		18,445
Empire State Realty Trust, Inc. — Class A		1,205		18,437
Horace Mann Educators Corp.		581		18,325
Chesapeake Lodging Trust		709		17,931
Astoria Financial Corp.		1,295		17,910
LTC Properties, Inc.		504		17,837
iStar Financial, Inc.*		1,248		17,809
Sterling Financial Corp.		501		17,074
Provident Financial Services, Inc.		878		16,963
Capstead Mortgage Corp.		1,400		16,912
Pinnacle Financial Partners, Inc.		513		16,688
NBT Bancorp, Inc.		641		16,602
Hersha Hospitality Trust — Class A		2,959		16,482
Sterling Bancorp		1,221		16,325
ViewPoint Financial Group, Inc.		586		16,086
Ambac Financial Group, Inc.*		654		16,062
Cash America International, Inc.		416		15,933
Franklin Street Properties Corp.		1,317		15,738
Parkway Properties, Inc.		806		15,540
Retail Opportunity Investments Corp.		1,051		15,471
American Assets Trust, Inc.		490		15,401
Ramco-Gershenson Properties Trust		971		15,284
Solar Capital Ltd.		663		14,950
FelCor Lodging Trust, Inc.*		1,812		14,786
Education Realty Trust, Inc.		1,670		14,729
First Financial Bancorp		845		14,728
Hercules Technology Growth Capital, Inc.		898		14,727
Amtrust Financial Services, Inc.		450		14,711
Boston Private Financial Holdings, Inc.		1,161		14,652
Sabra Health Care REIT, Inc.		546		14,272
Employers Holdings, Inc.		450		14,243
Renasant Corp.		452		14,220
National Bank Holdings Corp. — Class A		664		14,210
Park National Corp.		167		14,207
Nelnet, Inc. — Class A		337		14,201
Greenlight Capital Re Ltd. — Class A*		414		13,956
BofI Holding, Inc.*		176		13,804
Hudson Pacific Properties, Inc.		630		13,778
Chemical Financial Corp.		434		13,745
American Capital Mortgage Investment Corp.		777		13,566
Independent Bank Corp.		345		13,521
Associated Estates Realty Corp.		841		13,498
Inland Real Estate Corp.		1,245		13,097
Credit Acceptance Corp.*		100		12,999
HFF, Inc. — Class A*		480		12,888
Investors Real Estate Trust		1,478		12,681
Banner Corp.		282		12,639
First Commonwealth Financial Corp.		1,427		12,586
Kite Realty Group Trust		1,914		12,575
KCG Holdings, Inc. — Class A*		1,042		12,462
eHealth, Inc.*		267		12,413
STAG Industrial, Inc.		608		12,397
Infinity Property & Casualty Corp.		170		12,198
WesBanco, Inc.		381		12,192
Banco Latinoamericano de Comercio Exterior S.A. — Class E		429		12,021
First Merchants Corp.		515		11,721
OFG Bancorp		670		11,618
AMERISAFE, Inc.		272		11,489
Triangle Capital Corp.		407		11,254
BGC Partners, Inc. — Class A		1,856		11,247
PennantPark Investment Corp.		969		11,240
Investment Technology Group, Inc.*		544		11,185
United Community Banks, Inc.*		630		11,183
Northfield Bancorp, Inc.		847		11,180
World Acceptance Corp.*		127		11,116
S&T Bancorp, Inc.		437		11,060
Resource Capital Corp.		1,861		11,036
Cohen & Steers, Inc.		275		11,017
Wilshire Bancorp, Inc.		994		10,864
Forestar Group, Inc.*		508		10,805
Tompkins Financial Corp.		210		10,792
City Holding Co.		232		10,749
Oritani Financial Corp.		659		10,577
Summit Hotel Properties, Inc.		1,165		10,485
Sandy Spring Bancorp, Inc.		370		10,430
Golub Capital BDC, Inc.		545		10,415
ICG Group, Inc.*		557		10,377
Safety Insurance Group, Inc.		184		10,359
Hanmi Financial Corp.		466		10,201
Berkshire Hills Bancorp, Inc.		372		10,144
BlackRock Kelso Capital Corp.		1,086		10,132
Stewart Information Services Corp.		313		10,101
Eagle Bancorp, Inc.*		328		10,047
First Potomac Realty Trust		863		10,037
TrustCo Bank Corp. NY		1,376		9,880
New Mountain Finance Corp.		656		9,866
Brookline Bancorp, Inc.		1,027		9,828
CoreSite Realty Corp.		303		9,754
FXCM, Inc. — Class A		540		9,634
Green Dot Corp. — Class A*		382		9,607
Piper Jaffray Cos.*		240		9,492

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Financials - 17.5% (continued)
Navigators Group, Inc.*		150	$	9,474
Lakeland Financial Corp.		241		9,399
Community Trust Bancorp, Inc.		206		9,303
Flushing Financial Corp.		448		9,274
Alexander's, Inc.		28		9,240
WSFS Financial Corp.		119		9,226
RAIT Financial Trust		1,022		9,167
Simmons First National Corp. — Class A		242		8,990
Anworth Mortgage Asset Corp.		2,121		8,929
Springleaf Holdings, Inc.*		352		8,899
Campus Crest Communities, Inc.		941		8,855
Apollo Commercial Real Estate Finance, Inc.		541		8,791
EZCORP, Inc. — Class A*		746		8,721
TCP Capital Corp.		519		8,709
Bancorp, Inc.*		481		8,615
Select Income REIT		322		8,610
United Fire Group, Inc.		300		8,598
State Bank Financial Corp.		463		8,422
THL Credit, Inc.		501		8,261
StellarOne Corp.		337		8,112
Essent Group Ltd.*		336		8,084
Medley Capital Corp.		583		8,075
GAMCO Investors, Inc. — Class A		92		8,001
TICC Capital Corp.		773		7,993
Cardinal Financial Corp.		443		7,974
Excel Trust, Inc.		699		7,962
Capital Bank Financial Corp. — Class A*		349		7,940
Maiden Holdings Ltd.		726		7,935
HCI Group, Inc.		148		7,918
Dime Community Bancshares, Inc.		465		7,868
Chatham Lodging Trust		384		7,853
Washington Trust Bancorp, Inc.		208		7,742
PICO Holdings, Inc.*		333		7,696
National Western Life Insurance Co. — Class A		34		7,601
Tejon Ranch Co.*		204		7,499
Union First Market Bankshares Corp.		300		7,443
Ashford Hospitality Trust, Inc.		896		7,419
Ameris Bancorp*		346		7,304
Rouse Properties, Inc.		329		7,301
First Interstate Bancsystem, Inc. — Class A		256		7,263
Universal Health Realty Income Trust		179		7,171
1st Source Corp.		224		7,155
Southside Bancshares, Inc.		258		7,054
Capital Southwest Corp.		202		7,044
Apollo Residential Mortgage, Inc.		473		6,991
Getty Realty Corp.		377		6,925
Third Point Reinsurance Ltd.*		373		6,912
NewStar Financial, Inc.*		382		6,788
DFC Global Corp.*		590		6,756
Taylor Capital Group, Inc.*		252		6,698
Virginia Commerce Bancorp, Inc.*		394		6,694
Urstadt Biddle Properties, Inc. — Class A		362		6,679
Westwood Holdings Group, Inc.		107		6,624
Cedar Realty Trust, Inc.		1,055		6,604
Trico Bancshares		231		6,553
First BanCorp*		1,055		6,530
New York Mortgage Trust, Inc.		932		6,515
SY Bancorp, Inc.		204		6,512
Central Pacific Financial Corp.		324		6,506
Lakeland Bancorp, Inc.		523		6,470
Terreno Realty Corp.		364		6,443
AG Mortgage Investment Trust, Inc.		410		6,412
Dynex Capital, Inc.		799		6,392
Agree Realty Corp.		217		6,297
Arlington Asset Investment Corp. — Class A		238		6,281
Heartland Financial USA, Inc.		216		6,219
CoBiz Financial, Inc.		519		6,207
Safeguard Scientifics, Inc.*		308		6,188
CyrusOne, Inc.		276		6,163
First Busey Corp.		1,058		6,136
Monmouth Real Estate Investment Corp. — Class A		669		6,081
Customers Bancorp, Inc.*		297		6,077
Bryn Mawr Bank Corp.		200		6,036
First Financial Corp.		163		5,959
TowneBank		385		5,925
FBL Financial Group, Inc. — Class A		131		5,867
BancFirst Corp.		104		5,830
Flagstar Bancorp, Inc.*		295		5,788
Enterprise Financial Services Corp.		280		5,718
Saul Centers, Inc.		119		5,680
Cowen Group, Inc. — Class A*		1,425		5,572
Citizens, Inc.*		634		5,548
RE/MAX Holdings, Inc. — Class A*		171		5,484
Universal Insurance Holdings, Inc.		377		5,459
Rockville Financial, Inc.		380		5,400
United Financial Bancorp, Inc.		285		5,384
MainSource Financial Group, Inc.		295		5,319
Federal Agricultural Mortgage Corp. — Class C		155		5,309
Phoenix Companies, Inc.*		86		5,280
OneBeacon Insurance Group Ltd. — Class A		333		5,268
Western Asset Mortgage Capital Corp.		352		5,238
German American Bancorp, Inc.		181		5,159
QTS Realty Trust, Inc. — Class A		208		5,154
Winthrop Realty Trust		464		5,127
Meadowbrook Insurance Group, Inc.		734		5,109

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Financials - 17.5% (continued)
Beneficial Mutual Bancorp, Inc.*		465	$	5,078
Univest Corporation of Pennsylvania		245		5,067
First of Long Island Corp.		118		5,059
Gramercy Property Trust, Inc.*		873		5,020
HomeTrust Bancshares, Inc.*		308		4,925
Financial Institutions, Inc.		199		4,917
Hudson Valley Holding Corp.		240		4,884
Camden National Corp.		115		4,855
First Bancorp		291		4,836
AmREIT, Inc. — Class B		287		4,822
Bank Mutual Corp.		683		4,788
Great Southern Bancorp, Inc.		156		4,744
Diamond Hill Investment Group, Inc.		40		4,734
Ladenburg Thalmann Financial Services, Inc.*		1,505		4,711
Park Sterling Corp.		659		4,705
MCG Capital Corp.		1,039		4,572
State Auto Financial Corp.		215		4,567
BNC Bancorp		265		4,542
Southwest Bancorp, Inc.*		285		4,537
Centerstate Banks, Inc.		443		4,496
Metro Bancorp, Inc.*		208		4,480
MVC Capital, Inc.		328		4,428
Medallion Financial Corp.		308		4,420
Fidus Investment Corp.		196		4,261
Whitestone REIT — Class B		317		4,238
Arrow Financial Corp.		159		4,223
First Community Bancshares, Inc.		248		4,142
Bridge Bancorp, Inc.		159		4,134
Gladstone Commercial Corp.		230		4,133
Pacific Continental Corp.		259		4,128
Ares Commercial Real Estate Corp.		311		4,074
Washington Banking Co.		229		4,060
GFI Group, Inc.		1,020		3,988
First Connecticut Bancorp, Inc.		247		3,982
Walker & Dunlop, Inc.*		246		3,978
CNB Financial Corp.		207		3,933
Aviv REIT, Inc.		164		3,887
Pacific Premier Bancorp, Inc.*		245		3,856
International. FCStone, Inc.*		207		3,838
National Bankshares, Inc.		104		3,837
Heritage Financial Corp.		224		3,833
Baldwin & Lyons, Inc. — Class B		140		3,825
Physicians Realty Trust		298		3,797
HomeStreet, Inc.		189		3,780
Citizens & Northern Corp.		183		3,775
Penns Woods Bancorp, Inc.		74		3,774
First Defiance Financial Corp.		141		3,662
Peoples Bancorp, Inc.		162		3,647
Bank of Marin Bancorp		84		3,645
Yadkin Financial Corp.*		212		3,612
Manning & Napier, Inc. — Class A		204		3,601
Territorial Bancorp, Inc.		155		3,596
MetroCorp Bancshares, Inc.		237		3,572
Oppenheimer Holdings, Inc. — Class A		144		3,568
Charter Financial Corp.		331		3,565
One Liberty Properties, Inc.		177		3,563
Crawford & Co. — Class B		385		3,557
Meta Financial Group, Inc.		88		3,549
Suffolk Bancorp*		170		3,536
OmniAmerican Bancorp, Inc.*		164		3,506
Silver Bay Realty Trust Corp.		219		3,502
Fidelity Southern Corp.		210		3,488
Republic Bancorp, Inc. — Class A		141		3,460
Calamos Asset Management, Inc. — Class A		288		3,410
Preferred Bank/Los Angeles CA*		170		3,409
FBR & Co.*		129		3,403
OceanFirst Financial Corp.		198		3,392
GSV Capital Corp.*		280		3,385
American Residential Properties, Inc.*		197		3,381
KCAP Financial, Inc.		417		3,365
Bank of Kentucky Financial Corp.		91		3,358
1st United Bancorp, Inc.		440		3,348
Rexford Industrial Realty, Inc.		252		3,326
Seacoast Banking Corporation of Florida*		271		3,304
West Bancorporation, Inc.		206		3,259
Ashford Hospitality Prime, Inc.		179		3,258
Global Indemnity plc — Class A*		128		3,238
PennyMac Financial Services, Inc. — Class A*		183		3,212
Consolidated-Tomoka Land Co.		88		3,194
Banc of California, Inc.		236		3,165
Center Bancorp, Inc.		168		3,152
Home Federal Bancorp, Inc.		211		3,144
Horizon Bancorp		124		3,141
Ames National Corp.		140		3,135
Tree.com, Inc.*		95		3,120
Gladstone Investment Corp.		386		3,111
Marlin Business Services Corp.		121		3,049
Solar Senior Capital Ltd.		167		3,043
Franklin Financial Corp.*		153		3,026
Fox Chase Bancorp, Inc.		174		3,024
Guaranty Bancorp		215		3,021
Firsthand Technology Value Fund, Inc.		129		2,989
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		214		2,987
Bridge Capital Holdings*		145		2,978
Gladstone Capital Corp.		309		2,966
American National Bankshares, Inc.		112		2,940
PennantPark Floating Rate Capital Ltd.		214		2,938
Kansas City Life Insurance Co.		60		2,864
BankFinancial Corp.		310		2,840
Tower Group International Ltd.		839		2,836
Sierra Bancorp		176		2,832
Independent Bank Group, Inc.		57		2,831

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Financials - 17.5% (continued)
MidWestOne Financial Group, Inc.		103	$	2,802
JAVELIN Mortgage Investment Corp.		199		2,772
Mercantile Bank Corp.		128		2,762
Meridian Interstate Bancorp, Inc.*		122		2,755
ESB Financial Corp.		193		2,741
NewBridge Bancorp*		365		2,738
Merchants Bancshares, Inc.		81		2,714
Stellus Capital Investment Corp.		181		2,706
Regional Management Corp.*		77		2,613
AV Homes, Inc.*		143		2,598
Armada Hoffler Properties, Inc.		279		2,589
United Community Financial Corp.*		725		2,588
SWS Group, Inc.*		422		2,566
JGWPT Holdings, Inc. — Class A*		147		2,556
Peapack Gladstone Financial Corp.		133		2,540
Northrim BanCorp, Inc.		96		2,519
Consumer Portfolio Services, Inc.*		266		2,498
Heritage Commerce Corp.		301		2,480
First Bancorp, Inc.		142		2,474
Bar Harbor Bankshares		61		2,439
CU Bancorp*		138		2,412
Kearny Financial Corp.*		206		2,396
UMH Properties, Inc.		249		2,346
Farmers Capital Bank Corp.*		107		2,327
National Interstate Corp.		101		2,323
NGP Capital Resources Co.		309		2,308
Nicholas Financial, Inc.		146		2,298
Enterprise Bancorp, Inc.		107		2,265
First Financial Northwest, Inc.		218		2,261
Eastern Insurance Holdings, Inc.		92		2,253
First Security Group, Inc.*		975		2,243
Heritage Oaks Bancorp*		291		2,183
MidSouth Bancorp, Inc.		122		2,179
Capital City Bank Group, Inc.*		185		2,177
Sun Bancorp, Inc.*		592		2,084
Provident Financial Holdings, Inc.		136		2,040
Stonegate Mortgage Corp.*		122		2,017
C&F Financial Corp.		44		2,009
Intervest Bancshares Corp. — Class A*		267		2,005
First NBC Bank Holding Co.*		62		2,003
LCNB Corp.		111		1,984
Westfield Financial, Inc.		265		1,977
Investors Title Co.		24		1,944
Pzena Investment Management, Inc. — Class A		165		1,940
CommunityOne Bancorp*		152		1,938
EMC Insurance Group, Inc.		62		1,898
Chemung Financial Corp.		55		1,879
Hallmark Financial Services, Inc.*		207		1,839
NASB Financial, Inc.		60		1,812
Home Bancorp, Inc.*		93		1,753
Macatawa Bank Corp.*		350		1,750
Horizon Technology Finance Corp.		122		1,734
Resource America, Inc. — Class A		183		1,713
JMP Group, Inc.		229		1,695
Donegal Group, Inc. — Class A		105		1,670
BBX Capital Corp. — Class A*		107		1,669
Blue Capital Reinsurance Holdings Ltd.*		90		1,653
Imperial Holdings, Inc.*		249		1,628
Clifton Savings Bancorp, Inc.		127		1,626
WhiteHorse Finance, Inc.		106		1,602
Access National Corp.		105		1,570
Marcus & Millichap, Inc.*		104		1,550
ESSA Bancorp, Inc.		133		1,537
Century Bancorp, Inc. — Class A		46		1,530
Independence Holding Co.		111		1,497
Silvercrest Asset Management Group, Inc. — Class A		86		1,466
Doral Financial Corp.*		92		1,441
Hingham Institution for Savings		18		1,413
Ellington Residential Mortgage REIT		90		1,384
Middleburg Financial Corp.		75		1,353
ZAIS Financial Corp.		82		1,314
Gain Capital Holdings, Inc.		163		1,224
Capitala Finance Corp.		61		1,214
Garrison Capital, Inc.		87		1,208
Waterstone Financial, Inc.*		107		1,188
Tristate Capital Holdings, Inc.*		100		1,186
First Marblehead Corp.*		135		998
VantageSouth Bancshares, Inc.*		181		954
ConnectOne Bancorp, Inc.*		24		951
Hampton Roads Bankshares, Inc.*		490		858
CIFC Corp.		105		817
Palmetto Bancshares, Inc.*		62		804
Fortegra Financial Corp.*		96		794
Health Insurance Innovations, Inc. — Class A*		69		698
RCS Capital Corp. — Class A		34		624
California First National Bancorp		36		544
Cascade Bancorp*		94		492
First Federal Bancshares of Arkansas, Inc.*		42		365
Total Financials				5,561,313
Information Technology - 13.8%
CoStar Group, Inc.*		422		77,893
Ultimate Software Group, Inc.*		408		62,515
PTC, Inc.*		1,754		62,074
Aspen Technology, Inc.*		1,368		57,182
WEX, Inc.*		571		56,546
FEI Co.		608		54,331
SunEdison, Inc.*		3,899		50,882
CommVault Systems, Inc.*		679		50,844

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Information Technology - 13.8% (continued)
Cognex Corp.		1,274	$	48,640
Tyler Technologies, Inc.*		465		47,490
Belden, Inc.		641		45,159
MAXIMUS, Inc.		1,000		43,989
ARRIS Group, Inc.*		1,699		41,395
Acxiom Corp.*		1,086		40,160
ACI Worldwide, Inc.*		586		38,090
SS&C Technologies Holdings, Inc.*		849		37,577
ViaSat, Inc.*		577		36,149
Anixter International, Inc.		399		35,847
Ciena Corp.*		1,486		35,560
Guidewire Software, Inc.*		716		35,134
Euronet Worldwide, Inc.*		726		34,739
Microsemi Corp.*		1,357		33,858
j2 Global, Inc.		677		33,858
Qlik Technologies, Inc.*		1,271		33,847
Mentor Graphics Corp.		1,393		33,530
Verint Systems, Inc.*		772		33,150
Manhattan Associates, Inc.*		282		33,129
Yelp, Inc. — Class A*		480		33,096
Fair Isaac Corp.		523		32,865
Finisar Corp.*		1,367		32,699
Convergys Corp.		1,540		32,417
Cornerstone OnDemand, Inc.*		593		31,631
Dealertrack Technologies, Inc.*		636		30,579
Littelfuse, Inc.		328		30,481
Aruba Networks, Inc.*		1,662		29,750
Plantronics, Inc.		635		29,496
Hittite Microwave Corp.*		466		28,767
Cardtronics, Inc.*		652		28,329
Zillow, Inc. — Class A*		346		28,279
Sapient Corp.*		1,614		28,019
VistaPrint N.V.*		476		27,061
Heartland Payment Systems, Inc.		535		26,664
International Rectifier Corp.*		1,020		26,592
OpenTable, Inc.*		335		26,589
Electronics for Imaging, Inc.*		684		26,492
Coherent, Inc.*		354		26,334
SYNNEX Corp.*		385		25,949
Cavium, Inc.*		748		25,813
Infoblox, Inc.*		775		25,591
Blackbaud, Inc.		666		25,075
Semtech Corp.*		984		24,876
Synaptics, Inc.*		479		24,817
CACI International, Inc. — Class A*		337		24,675
TiVo, Inc.*		1,849		24,259
Itron, Inc.*		581		24,071
Power Integrations, Inc.		429		23,947
NIC, Inc.		952		23,676
Entegris, Inc.*		2,040		23,664
ADTRAN, Inc.		864		23,337
MKS Instruments, Inc.		772		23,114
ValueClick, Inc.*		974		22,762
Cypress Semiconductor Corp.		2,154		22,617
Plexus Corp.*		502		21,732
Unisys Corp.*		643		21,586
Intersil Corp. — Class A		1,860		21,334
RF Micro Devices, Inc.*		4,111		21,213
Syntel, Inc.		228		20,737
iGATE Corp.*		514		20,642
Take-Two Interactive Software, Inc.*		1,187		20,618
Sanmina Corp.*		1,213		20,257
Universal Display Corp.*		587		20,169
TriQuint Semiconductor, Inc.*		2,391		19,941
Bottomline Technologies de, Inc.*		550		19,888
Integrated Device Technology, Inc.*		1,928		19,646
Web.com Group, Inc.*		618		19,646
Progress Software Corp.*		757		19,553
PMC - Sierra, Inc.*		2,985		19,194
Veeco Instruments, Inc.*		575		18,923
Cirrus Logic, Inc.*		924		18,877
Monolithic Power Systems, Inc.*		543		18,820
Methode Electronics, Inc.		542		18,531
NETGEAR, Inc.*		562		18,512
Benchmark Electronics, Inc.*		793		18,302
SunPower Corp. — Class A*		606		18,065
Monotype Imaging Holdings, Inc.		564		17,969
InterDigital, Inc.		598		17,635
Demandware, Inc.*		271		17,377
ScanSource, Inc.*		409		17,354
Blucora, Inc.*		595		17,350
InvenSense, Inc. — Class A*		828		17,206
GT Advanced Technologies, Inc.*,1		1,960		17,091
MicroStrategy, Inc. — Class A*		135		16,772
MTS Systems Corp.		235		16,744
Advent Software, Inc.		476		16,655
Infinera Corp.*		1,697		16,597
WebMD Health Corp. — Class A*		418		16,511
RealPage, Inc.*,1		683		15,969
Cray, Inc.*		579		15,899
OSI Systems, Inc.*		296		15,721
NetScout Systems, Inc.*		528		15,624
Rogers Corp.*		253		15,560
Cabot Microelectronics Corp.*		340		15,538
SPS Commerce, Inc.*		237		15,476
Rambus, Inc.*		1,633		15,465
QLogic Corp.*		1,303		15,414
Tessera Technologies, Inc.		772		15,216
comScore, Inc.*		526		15,049
Interactive Intelligence Group, Inc.*		223		15,021
Responsys, Inc.*		543		14,884
CSG Systems International, Inc.		499		14,671
Insight Enterprises, Inc.*		640		14,534
FARO Technologies, Inc.*		248		14,458
Trulia, Inc.*		409		14,425
Imperva, Inc.*		299		14,391
CalAmp Corp.*		513		14,349
Applied Micro Circuits Corp.*		1,065		14,250
ATMI, Inc.*		467		14,108
Measurement Specialties, Inc.*		231		14,019

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Information Technology - 13.8% (continued)
Constant Contact, Inc.*		445	$	13,826
OmniVision Technologies, Inc.*		792		13,622
Envestnet, Inc.*		333		13,420
ExlService Holdings, Inc.*		482		13,313
Synchronoss Technologies, Inc.*		428		13,298
Advanced Energy Industries, Inc.*		579		13,236
PROS Holdings, Inc.*		327		13,047
Sykes Enterprises, Inc.*		574		12,519
Comverse, Inc.*		320		12,416
Diodes, Inc.*		523		12,322
Pegasystems, Inc.		250		12,295
Bankrate, Inc.*		672		12,056
LivePerson, Inc.*		808		11,975
VirnetX Holding Corp.*		615		11,937
Ultratech, Inc.*		410		11,890
LogMeIn, Inc.*		354		11,877
Badger Meter, Inc.		215		11,718
Perficient, Inc.*		486		11,382
EPAM Systems, Inc.*		325		11,356
Virtusa Corp.*		297		11,313
Rofin-Sinar Technologies, Inc.*		415		11,213
BroadSoft, Inc.*		406		11,100
Proofpoint, Inc.*		332		11,012
Ixia*		824		10,967
FleetMatics Group plc*		253		10,942
Monster Worldwide, Inc.*		1,533		10,930
Harmonic, Inc.*		1,480		10,922
Fusion-io, Inc.*		1,196		10,656
EVERTEC, Inc.		432		10,653
Cass Information Systems, Inc.		155		10,439
Newport Corp.*		574		10,372
Ellie Mae, Inc.*		385		10,345
ManTech International Corp. — Class A		345		10,326
Brooks Automation, Inc.		971		10,186
Sonus Networks, Inc.*		3,154		9,935
Global Cash Access Holdings, Inc.*		973		9,720
CTS Corp.		486		9,676
Ruckus Wireless, Inc.*		675		9,585
Extreme Networks, Inc.*		1,364		9,548
Spansion, Inc. — Class A*		687		9,542
SciQuest, Inc.*		333		9,484
Angie's List, Inc.*		623		9,438
Checkpoint Systems, Inc.*		596		9,399
Lattice Semiconductor Corp.*		1,696		9,345
PDF Solutions, Inc.*		363		9,300
Move, Inc.*		581		9,290
Ambarella, Inc.*		269		9,127
Digital River, Inc.*		492		9,102
Shutterstock, Inc.*		107		8,948
Park Electrochemical Corp.		306		8,788
Fabrinet*		420		8,635
Daktronics, Inc.		538		8,436
Emulex Corp.*		1,173		8,399
Ubiquiti Networks, Inc.*		180		8,273
Tangoe, Inc.*		458		8,249
Liquidity Services, Inc.*		359		8,135
Callidus Software, Inc.*		589		8,087
Super Micro Computer, Inc.*		469		8,048
Photronics, Inc.*		890		8,037
ShoreTel, Inc.*		858		7,962
Stamps.com, Inc.*		189		7,957
Accelrys, Inc.*		814		7,766
Comtech Telecommunications Corp.		244		7,691
EarthLink Holdings Corp.*		1,506		7,635
Epiq Systems, Inc.		464		7,521
ServiceSource International, Inc.*		897		7,517
Forrester Research, Inc.		189		7,231
Black Box Corp.		240		7,152
TeleTech Holdings, Inc.*		296		7,086
Silicon Image, Inc.*		1,129		6,943
Micrel, Inc.		684		6,751
IntraLinks Holdings, Inc.*		557		6,745
Ebix, Inc.		454		6,683
TTM Technologies, Inc.*		777		6,667
Silicon Graphics International Corp.*		495		6,638
Exar Corp.*		555		6,543
Jive Software, Inc.*		576		6,480
DTS, Inc.*		270		6,475
MoneyGram International, Inc.*		311		6,463
Nanometrics, Inc.*		337		6,420
Amkor Technology, Inc.*		1,025		6,283
Entropic Communications, Inc.*		1,314		6,189
AVG Technologies N.V.*		353		6,075
Parkervision, Inc.*		1,295		5,892
Internap Network Services Corp.*		782		5,881
Brightcove, Inc.*		415		5,868
Seachange International, Inc.*		475		5,776
XO Group, Inc.*		388		5,766
Rudolph Technologies, Inc.*		480		5,635
Calix, Inc.*		582		5,610
Bazaarvoice, Inc.*		703		5,568
LTX-Credence Corp.*		693		5,537
Actuate Corp.*		688		5,304
Oplink Communications, Inc.*		282		5,245
Mercury Systems, Inc.*		475		5,201
E2open, Inc.*		217		5,188
Lionbridge Technologies, Inc.*		856		5,102
Qualys, Inc.*		220		5,084
RealD, Inc.*		595		5,081
Electro Rent Corp.		272		5,037
Ceva, Inc.*		329		5,007
Integrated Silicon Solution, Inc.*		414		5,005
GSI Group, Inc.*		444		4,991
Global Eagle Entertainment, Inc.*		331		4,922
Inphi Corp.*		378		4,876
FormFactor, Inc.*		793		4,774
Anaren, Inc.*		169		4,730
Rocket Fuel, Inc.*		75		4,612
Digi International, Inc.*		380		4,606

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Information Technology - 13.8% (continued)
IXYS Corp.		351	$	4,552
Procera Networks, Inc.*		302		4,536
CIBER, Inc.*		1,094		4,529
Higher One Holdings, Inc.*		459		4,480
Endurance International Group Holdings, Inc.*		315		4,467
PLX Technology, Inc.*		662		4,356
Computer Task Group, Inc.		226		4,271
Immersion Corp.*		409		4,245
NVE Corp.*		72		4,196
Benefitfocus, Inc.*		72		4,157
Blackhawk Network Holdings, Inc.*		164		4,143
Zix Corp.*		906		4,131
Kopin Corp.*		974		4,110
Dice Holdings, Inc.*		554		4,017
QuinStreet, Inc.*		458		3,980
Marketo, Inc.*		107		3,966
ChannelAdvisor Corp.*		95		3,962
Gogo, Inc.*		158		3,920
Axcelis Technologies, Inc.*		1,580		3,855
Cohu, Inc.		366		3,843
MoSys, Inc.*		689		3,803
Millennial Media, Inc.*		514		3,737
KEMET Corp.*		662		3,734
Quantum Corp.*		3,106		3,727
MaxLinear, Inc. — Class A*		357		3,724
Avid Technology, Inc.*		452		3,684
Glu Mobile, Inc.*		937		3,645
Electro Scientific Industries, Inc.		348		3,640
Zygo Corp.*		244		3,606
Supertex, Inc.*		143		3,582
American Software, Inc. — Class A		356		3,514
PC Connection, Inc.		141		3,504
Ultra Clean Holdings, Inc.*		349		3,500
Mesa Laboratories, Inc.		43		3,379
Maxwell Technologies, Inc.*		432		3,357
Gigamon, Inc.*		117		3,285
Xoom Corp.*		120		3,284
Wix.com Ltd.*		122		3,276
Cvent, Inc.*		90		3,275
VASCO Data Security International, Inc.*		421		3,254
Vocus, Inc.*		280		3,189
Tessco Technologies, Inc.		77		3,105
Speed Commerce, Inc.*		663		3,096
Datalink Corp.*		284		3,096
ModusLink Global Solutions, Inc.*		539		3,088
Demand Media, Inc.*		532		3,070
ePlus, Inc.*		54		3,069
Bel Fuse, Inc. — Class B		143		3,047
KVH Industries, Inc.*		229		2,984
Pericom Semiconductor Corp.*		335		2,968
support.com, Inc.*		770		2,918
Marchex, Inc. — Class B		337		2,915
Vringo, Inc.*		981		2,904
Peregrine Semiconductor Corp.*		391		2,897
Agilysys, Inc.*		207		2,881
PRGX Global, Inc.*		425		2,856
DSP Group, Inc.*		289		2,806
Vishay Precision Group, Inc.*		185		2,755
United Online, Inc.		196		2,697
Numerex Corp. — Class A*		208		2,694
M/A-COM Technology Solutions Holdings, Inc.*		155		2,633
Rubicon Technology, Inc.*		264		2,627
Westell Technologies, Inc. — Class A*		648		2,624
Luxoft Holding, Inc.*		69		2,621
PC-Telephone, Inc.		273		2,613
Travelzoo, Inc.*		121		2,580
Textura Corp.*		86		2,575
Alliance Fiber Optic Products, Inc.		171		2,574
Guidance Software, Inc.*		248		2,505
Neonode, Inc.*		396		2,503
RealNetworks, Inc.*		331		2,499
Reis, Inc.*		127		2,442
Barracuda Networks, Inc.*		61		2,420
Hackett Group, Inc.		377		2,341
Imation Corp.*		499		2,335
Sapiens International Corporation N.V.		288		2,220
ANADIGICS, Inc.*		1,202		2,212
Mitek Systems, Inc.*		366		2,174
Carbonite, Inc.*		182		2,153
NeoPhotonics Corp.*		300		2,118
Sigma Designs, Inc.*		444		2,096
Rally Software Development Corp.*		106		2,062
Rosetta Stone, Inc.*		168		2,053
Aviat Networks, Inc.*		896		2,025
GSI Technology, Inc.*		304		2,019
Unwired Planet, Inc.*		1,447		1,997
eGain Corp.*		194		1,987
Alpha & Omega Semiconductor Ltd.*		252		1,943
Richardson Electronics Ltd.		167		1,897
Chegg, Inc.*		219		1,864
Aeroflex Holding Corp.*		284		1,846
Silver Spring Networks, Inc.*		87		1,827
Digimarc Corp.		91		1,753
Multi-Fineline Electronix, Inc.*		126		1,750
Planet Payment, Inc.*		624		1,735
Telenav, Inc.*		255		1,680
TeleCommunication Systems, Inc. — Class A*		696		1,615
Audience, Inc.*		138		1,606
Spark Networks, Inc.*		253		1,558
Limelight Networks, Inc.*		780		1,544
QAD, Inc. — Class A		86		1,519
Uni-Pixel, Inc.*		151		1,512
Model N, Inc.*		124		1,462
Covisint Corp.*		111		1,393
Marin Software, Inc.*		135		1,382
Intermolecular, Inc.*		255		1,255

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Information Technology - 13.8% (continued)
Control4 Corp.*		69	$	1,221
TechTarget, Inc.*		170		1,166
Hutchinson Technology, Inc.*		344		1,101
Violin Memory, Inc.*		276		1,093
Mavenir Systems, Inc.*		85		949
Applied Optoelectronics, Inc.*		61		916
Radisys Corp.*		341		781
Viasystems Group, Inc.*		50		684
Tremor Video, Inc.*		114		661
Cyan, Inc.*		119		630
YuMe, Inc.*		82		611
Net Element, Inc.*		31		135
Total Information Technology				4,353,375
Industrials - 11.2%
Acuity Brands, Inc.		624		68,215
Middleby Corp.*		275		65,993
HEICO Corp.		966		55,980
Teledyne Technologies, Inc.*		550		50,523
EnerSys, Inc.		709		49,693
CLARCOR, Inc.		727		46,783
Esterline Technologies Corp.*		455		46,392
Woodward, Inc.		1,008		45,975
DigitalGlobe, Inc.*		1,093		44,977
Moog, Inc. — Class A*		661		44,908
Curtiss-Wright Corp.		688		42,814
Chart Industries, Inc.*		445		42,561
Generac Holdings, Inc.		751		42,537
EMCOR Group, Inc.		986		41,845
Spirit Airlines, Inc.*		881		40,006
Actuant Corp. — Class A		1,068		39,132
Deluxe Corp.		742		38,725
Corporate Executive Board Co.		493		38,173
Watsco, Inc.		378		36,310
Advisory Board Co.*		516		32,854
USG Corp.*		1,125		31,928
Franklin Electric Company, Inc.		691		30,846
Barnes Group, Inc.		790		30,265
Applied Industrial Technologies, Inc.		613		30,092
JetBlue Airways Corp.*		3,401		29,079
TAL International Group, Inc.		500		28,675
Beacon Roofing Supply, Inc.*		710		28,599
MasTec, Inc.*		873		28,564
Healthcare Services Group, Inc.		1,001		28,397
United Stationers, Inc.		592		27,167
Swift Transportation Co. — Class A*,1		1,223		27,164
Tetra Tech, Inc.*		954		26,694
Polypore International, Inc.*		686		26,685
Trimas Corp.*		661		26,367
Mueller Industries, Inc.		413		26,023
HNI Corp.		669		25,977
Watts Water Technologies, Inc. — Class A		416		25,738
Herman Miller, Inc.		859		25,358
FTI Consulting, Inc.*		589		24,231
Brink's Co.		697		23,796
RBC Bearings, Inc.*		336		23,772
Allegiant Travel Co. — Class A		223		23,513
On Assignment, Inc.*		671		23,431
Mobile Mini, Inc.*		566		23,307
UTI Worldwide, Inc.		1,324		23,250
ABM Industries, Inc.		804		22,986
UniFirst Corp.		214		22,898
Raven Industries, Inc.		535		22,010
Simpson Manufacturing Company, Inc.		595		21,854
WageWorks, Inc.*		366		21,755
Mueller Water Products, Inc. — Class A		2,304		21,588
Hub Group, Inc. — Class A*		540		21,536
Huron Consulting Group, Inc.*		342		21,450
General Cable Corp.		729		21,440
Mine Safety Appliances Co.		415		21,252
Brady Corp. — Class A		679		21,001
CIRCOR International, Inc.		254		20,518
Orbital Sciences Corp.*		873		20,341
Granite Construction, Inc.		571		19,973
Trex Company, Inc.*		248		19,723
Steelcase, Inc. — Class A		1,233		19,555
Forward Air Corp.		444		19,496
Aircastle Ltd.		1,004		19,237
GrafTech International Ltd.*		1,706		19,158
Interface, Inc. — Class A		866		19,017
Korn/Ferry International*		710		18,545
AZZ, Inc.		372		18,176
G&K Services, Inc. — Class A		290		18,047
Tennant Co.		266		18,037
EnPro Industries, Inc.*		309		17,814
Proto Labs, Inc.*		248		17,653
Werner Enterprises, Inc.		674		16,668
Encore Wire Corp.		307		16,639
AAR Corp.		585		16,386
Matson, Inc.		621		16,214
Primoris Services Corp.		514		16,001
GenCorp, Inc.*		882		15,894
Kaman Corp.		397		15,773
Knight Transportation, Inc.		860		15,772
Lindsay Corp.		190		15,722
DXP Enterprises, Inc.*		136		15,667
Atlas Air Worldwide Holdings, Inc.*		380		15,637
Cubic Corp.		294		15,482
TrueBlue, Inc.*		597		15,391
Briggs & Stratton Corp.		700		15,232
Rush Enterprises, Inc. — Class A*		511		15,151
Exponent, Inc.		195		15,101
Apogee Enterprises, Inc.		419		15,046
Universal Forest Products, Inc.		288		15,016
Meritor, Inc.*		1,421		14,821
McGrath RentCorp		371		14,766
Albany International Corp. — Class A		410		14,731
Hyster-Yale Materials Handling, Inc.		156		14,533
Tutor Perini Corp.*		545		14,334

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Industrials - 11.2% (continued)
Navigant Consulting, Inc.*		742	$	14,246
Titan International, Inc.		779		14,006
Federal Signal Corp.*		918		13,449
Dycom Industries, Inc.*		483		13,423
Altra Industrial Motion Corp.		391		13,380
ESCO Technologies, Inc.		388		13,293
Wesco Aircraft Holdings, Inc.*		601		13,174
II-VI, Inc.*		746		13,130
Heartland Express, Inc.		668		13,106
AAON, Inc.		409		13,068
H&E Equipment Services, Inc.*		437		12,948
Knoll, Inc.		702		12,854
Team, Inc.*		303		12,829
Sun Hydraulics Corp.		313		12,780
Arkansas Best Corp.		378		12,731
Textainer Group Holdings Ltd.		314		12,629
Aegion Corp. — Class A*		574		12,565
Wabash National Corp.*		1,003		12,387
John Bean Technologies Corp.		422		12,377
Rexnord Corp.*		443		11,965
Insperity, Inc.		331		11,959
US Ecology, Inc.		320		11,901
Standex International Corp.		189		11,884
Taser International, Inc.*		748		11,878
Astec Industries, Inc.		302		11,666
Greenbrier Companies, Inc.*		353		11,593
Astronics Corp.*		222		11,322
Saia, Inc.*		353		11,314
SkyWest, Inc.		755		11,197
XPO Logistics, Inc.*		425		11,173
ACCO Brands Corp.*		1,662		11,169
Thermon Group Holdings, Inc.*		394		10,768
Quanex Building Products Corp.		540		10,757
Comfort Systems USA, Inc.		544		10,548
Acacia Research Corp.		724		10,527
Blount International, Inc.*		718		10,389
Aceto Corp.		405		10,129
Barrett Business Services, Inc.		108		10,016
Nortek, Inc.*		134		9,996
Quad/Graphics, Inc.		366		9,966
ICF International, Inc.*		286		9,927
Kelly Services, Inc. — Class A		398		9,926
Powell Industries, Inc.		138		9,245
Gorman-Rupp Co.		274		9,168
Griffon Corp.		651		8,600
Resources Connection, Inc.		599		8,584
American Science & Engineering, Inc.		119		8,557
Gibraltar Industries, Inc.*		452		8,403
Viad Corp.		302		8,390
Engility Holdings, Inc.*		249		8,317
RPX Corp.*		479		8,095
Kforce, Inc.		392		8,020
Great Lakes Dredge & Dock Corp.*		869		7,995
West Corp.		310		7,970
Aerovironment, Inc.*		273		7,952
MYR Group, Inc.*		311		7,800
Columbus McKinnon Corp.*		282		7,653
Republic Airways Holdings, Inc.*		715		7,643
Roadrunner Transportation Systems, Inc.*		276		7,438
Consolidated Graphics, Inc.*		108		7,284
Hawaiian Holdings, Inc.*		756		7,280
LB Foster Co. — Class A		152		7,188
Kimball International, Inc. — Class B		476		7,154
Marten Transport Ltd.		342		6,905
Ennis, Inc.		382		6,761
Park-Ohio Holdings Corp.*		128		6,707
EnerNOC, Inc.*		384		6,609
Multi-Color Corp.		175		6,605
Kadant, Inc.		162		6,564
GP Strategies Corp.*		214		6,375
American Railcar Industries, Inc.		138		6,314
KEYW Holding Corp.*		464		6,236
Air Transport Services Group, Inc.*		759		6,140
Alamo Group, Inc.		100		6,069
Insteel Industries, Inc.		266		6,046
CAI International, Inc.*		252		5,940
ExOne Co.*		98		5,925
SP Plus Corp.*		224		5,833
Celadon Group, Inc.		298		5,805
Furmanite Corp.*		544		5,777
Capstone Turbine Corp.*		4,458		5,751
National Presto Industries, Inc.		71		5,716
American Woodmark Corp.*		144		5,692
Echo Global Logistics, Inc.*		259		5,563
Argan, Inc.		201		5,540
Douglas Dynamics, Inc.		327		5,500
PowerSecure International, Inc.*		320		5,494
NCI Building Systems, Inc.*		303		5,315
Heidrick & Struggles International, Inc.		262		5,277
Graham Corp.		145		5,262
Northwest Pipe Co.*		139		5,249
InnerWorkings, Inc.*		647		5,040
NN, Inc.		248		5,007
Kratos Defense & Security Solutions, Inc.*		644		4,946
Mistras Group, Inc.*		236		4,928
Layne Christensen Co.*		287		4,902
PGT, Inc.*		481		4,868
Global Power Equipment Group, Inc.		247		4,834
FreightCar America, Inc.		181		4,818
CBIZ, Inc.*		525		4,788
Orion Marine Group, Inc.*		397		4,776
Pendrell Corp.*		2,364		4,752
Builders FirstSource, Inc.*		653		4,662
ARC Document Solutions, Inc.*		554		4,554
Ducommun, Inc.*		152		4,531
Titan Machinery, Inc.*		250		4,455
Lydall, Inc.*		247		4,352
Dynamic Materials Corp.		200		4,348
Pacer International, Inc.*		517		4,270
CECO Environmental Corp.		261		4,220

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Industrials - 11.2% (continued)
Ply Gem Holdings, Inc.*		234	$	4,219
Sparton Corp.*		150		4,193
Patriot Transportation Holding, Inc.*		100		4,151
Pike Corp.*		382		4,038
Quality Distribution, Inc.*		311		3,990
CDI Corp.		207		3,836
Energy Recovery, Inc.*		651		3,620
Coleman Cable, Inc.		137		3,592
Houston Wire & Cable Co.		260		3,479
Vicor Corp.*		254		3,409
Performant Financial Corp.*		329		3,389
FuelCell Energy, Inc.*,1		2,316		3,266
Casella Waste Systems, Inc. — Class A*		561		3,254
Twin Disc, Inc.		122		3,159
Manitex International, Inc.*		197		3,128
CRA International, Inc.*		154		3,049
Courier Corp.		168		3,039
Preformed Line Products Co.		41		3,000
Miller Industries, Inc.		160		2,981
Patrick Industries, Inc.*		102		2,951
Schawk, Inc. — Class A		194		2,885
Sterling Construction Company, Inc.*		244		2,862
Flow International Corp.*		704		2,844
VSE Corp.		59		2,833
PMFG, Inc.*		308		2,787
YRC Worldwide, Inc.*		160		2,779
LSI Industries, Inc.		318		2,757
Ameresco, Inc. — Class A*		283		2,734
Cenveo, Inc.*		786		2,704
Franklin Covey Co.*		134		2,664
Xerium Technologies, Inc.*		159		2,622
Heritage-Crystal Clean, Inc.*		127		2,602
Commercial Vehicle Group, Inc.*		348		2,530
Odyssey Marine Exploration, Inc.*		1,223		2,470
Ampco-Pittsburgh Corp.		127		2,470
Hardinge, Inc.		168		2,431
Hurco Companies, Inc.		97		2,426
Tecumseh Products Co. — Class A*		266		2,407
Universal Truckload Services, Inc.		77		2,349
International Shipholding Corp.		79		2,331
Power Solutions International, Inc.*		30		2,253
LMI Aerospace, Inc.*		149		2,196
Accuride Corp.*		584		2,178
Norcraft Companies, Inc.*		111		2,178
Stock Building Supply Holdings, Inc.*		114		2,077
Global Brass & Copper Holdings, Inc.		116		1,920
TRC Companies, Inc.*		241		1,721
API Technologies Corp.*		474		1,616
Enphase Energy, Inc.*		235		1,490
Revolution Lighting Technologies, Inc.*		435		1,490
Innovative Solutions & Support, Inc.*		188		1,371
Acorn Energy, Inc.		320		1,302
American Superconductor Corp.*		715		1,173
Ultrapetrol Bahamas Ltd.*		310		1,159
Intersections, Inc.		139		1,083
Erickson Air-Crane, Inc.*		52		1,081
NL Industries, Inc.		95		1,062
BlueLinx Holdings, Inc.*		490		956
Swisher Hygiene, Inc.*		1,665		856
Omega Flex, Inc.		39		798
Compx International, Inc.		14		197
Total Industrials				3,541,840
Consumer Discretionary - 10.6%
Brunswick Corp.		1,322		60,892
Fifth & Pacific Companies, Inc.*		1,759		56,410
Sotheby's		996		52,987
Tenneco, Inc.*		890		50,346
Wolverine World Wide, Inc.		1,464		49,716
Dana Holding Corp.		2,148		42,144
Lumber Liquidators Holdings, Inc.*		406		41,772
Live Nation Entertainment, Inc.*		2,057		40,646
Buffalo Wild Wings, Inc.*		274		40,332
Pool Corp.		686		39,885
Vail Resorts, Inc.		527		39,646
Cheesecake Factory, Inc.		778		37,553
Office Depot, Inc.*		7,024		37,157
Sinclair Broadcast Group, Inc. — Class A		1,003		35,837
Men's Wearhouse, Inc.		696		35,551
Jack in the Box, Inc.*		647		32,363
Steven Madden Ltd.*		879		32,163
Pier 1 Imports, Inc.		1,383		31,920
Cracker Barrel Old Country Store, Inc.		287		31,590
HSN, Inc.		498		31,026
Iconix Brand Group, Inc.*		754		29,934
New York Times Co. — Class A		1,885		29,914
Life Time Fitness, Inc.*		633		29,751
Penske Automotive Group, Inc.		619		29,193
Ryland Group, Inc.		672		29,171
Grand Canyon Education, Inc.*		665		28,993
Shutterfly, Inc.*		553		28,164
Outerwall, Inc.*,1		413		27,783
Meredith Corp.		518		26,832
Rent-A-Center, Inc. — Class A		785		26,172
Conn's, Inc.*		330		26,001
Monro Muffler Brake, Inc.1		455		25,644
Hibbett Sports, Inc.*		380		25,540
Genesco, Inc.*		349		25,497
Meritage Homes Corp.*		530		25,435
Texas Roadhouse, Inc. — Class A		913		25,381
ANN, Inc.*		686		25,080
Asbury Automotive Group, Inc.*		461		24,774

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Consumer Discretionary - 10.6% (continued)
Nexstar Broadcasting Group, Inc. — Class A		431	$	24,020
La-Z-Boy, Inc.		764		23,684
Hillenbrand, Inc.		801		23,565
Express, Inc.*		1,252		23,375
Helen of Troy Ltd.*		471		23,319
Vitamin Shoppe, Inc.*		444		23,092
Group 1 Automotive, Inc.		321		22,797
Lithia Motors, Inc. — Class A		325		22,562
Jos. A. Bank Clothiers, Inc.*		410		22,439
Marriott Vacations Worldwide Corp.*		424		22,370
KB Home		1,221		22,320
Cooper Tire & Rubber Co.		925		22,237
Pinnacle Entertainment, Inc.*		855		22,222
Buckle, Inc.		410		21,550
Papa John's International, Inc.		472		21,429
Orient-Express Hotels Ltd. — Class A*		1,402		21,184
Dorman Products, Inc.*		374		20,970
Bob Evans Farms, Inc.		409		20,691
Crocs, Inc.*		1,289		20,521
Five Below, Inc.*		475		20,520
Sturm Ruger & Company, Inc.		280		20,465
Finish Line, Inc. — Class A		724		20,395
American Axle & Manufacturing Holdings, Inc.*		988		20,205
DineEquity, Inc.		240		20,052
Standard Pacific Corp.*		2,165		19,593
Valassis Communications, Inc.		571		19,557
Bloomin' Brands, Inc.*		811		19,472
Children's Place Retail Stores, Inc.*		337		19,199
Skechers U.S.A., Inc. — Class A*		569		18,851
MDC Holdings, Inc.		574		18,506
Krispy Kreme Doughnuts, Inc.*		958		18,480
G-III Apparel Group Ltd.*		247		18,226
Churchill Downs, Inc.		203		18,199
Ascent Capital Group, Inc. — Class A*		212		18,139
Brown Shoe Company, Inc.		633		17,813
Restoration Hardware Holdings, Inc.*		264		17,767
Interval Leisure Group, Inc.		574		17,737
Jones Group, Inc.		1,175		17,578
National CineMedia, Inc.		878		17,524
Matthews International Corp. — Class A		408		17,385
Fiesta Restaurant Group, Inc.*		330		17,239
Drew Industries, Inc.		335		17,152
Select Comfort Corp.*		811		17,104
Quiksilver, Inc.*		1,934		16,961
Sonic Corp.*		826		16,677
Oxford Industries, Inc.		199		16,053
Tumi Holdings, Inc.*		701		15,808
Loral Space & Communications, Inc.*		192		15,548
Red Robin Gourmet Burgers, Inc.*		209		15,370
Columbia Sportswear Co.		192		15,120
LifeLock, Inc.*		891		14,621
International Speedway Corp. — Class A		408		14,480
iRobot Corp.*		415		14,430
MDC Partners, Inc. — Class A		558		14,235
Sonic Automotive, Inc. — Class A		573		14,027
AFC Enterprises, Inc.*		349		13,437
Multimedia Games Holding Company, Inc.*		424		13,297
Gentherm, Inc.*		492		13,191
Scholastic Corp.		385		13,094
Cato Corp. — Class A		407		12,943
Caesars Entertainment Corp.*		591		12,730
Core-Mark Holding Company, Inc.		164		12,453
Francesca's Holdings Corp.*		644		11,856
Scientific Games Corp. — Class A*		696		11,783
CEC Entertainment, Inc.		265		11,734
ITT Educational Services, Inc.*		344		11,551
Boyd Gaming Corp.*		1,017		11,451
Winnebago Industries, Inc.*		412		11,309
Movado Group, Inc.		254		11,179
BJ's Restaurants, Inc.*		359		11,151
Ethan Allen Interiors, Inc.		365		11,103
Smith & Wesson Holding Corp.*		821		11,075
American Public Education, Inc.*		253		10,998
Arctic Cat, Inc.		193		10,997
Hovnanian Enterprises, Inc. — Class A*,1		1,656		10,963
Gray Television, Inc.*		736		10,952
Stage Stores, Inc.		477		10,599
Standard Motor Products, Inc.		287		10,562
Steiner Leisure Ltd.*		214		10,527
Capella Education Co.		158		10,498
Aeropostale, Inc.*		1,152		10,472
Regis Corp.		692		10,041
Fred's, Inc. — Class A		542		10,038
Container Store Group, Inc.*		215		10,021
Tuesday Morning Corp.*		623		9,943
EW Scripps Co. — Class A*		453		9,839
Cumulus Media, Inc. — Class A*		1,267		9,794
Denny's Corp.*		1,347		9,685
Carmike Cinemas, Inc.*		338		9,410
Pep Boys-Manny Moe & Jack*		774		9,396
M/I Homes, Inc.*		358		9,111
Beazer Homes USA, Inc.*		372		9,084
Haverty Furniture Companies, Inc.		286		8,952
Barnes & Noble, Inc.*		594		8,880
Modine Manufacturing Co.*		691		8,859
Callaway Golf Co.		1,043		8,792
FTD Companies, Inc.*		269		8,764
Blue Nile, Inc.*		186		8,759
K12, Inc.*		401		8,722
Chuy's Holdings, Inc.*		242		8,717
Biglari Holdings, Inc.*		17		8,613
Universal Electronics, Inc.*		223		8,499

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Consumer Discretionary - 10.6% (continued)
Mattress Firm Holding Corp.*		195	$	8,393
Zumiez, Inc.*,1		306		7,956
Vera Bradley, Inc.*		316		7,597
Zale Corp.*		475		7,491
Ruth's Hospitality Group, Inc.		522		7,418
LeapFrog Enterprises, Inc. — Class A*		931		7,392
Burlington Stores, Inc.*		226		7,232
Superior Industries International, Inc.		340		7,014
World Wrestling Entertainment, Inc. — Class A		419		6,947
NutriSystem, Inc.		417		6,855
Cavco Industries, Inc.*		98		6,733
Libbey, Inc.*		312		6,552
Media General, Inc. — Class A*,1		286		6,464
Bright Horizons Family Solutions, Inc.*		175		6,430
Shoe Carnival, Inc.		219		6,353
Ruby Tuesday, Inc.*		891		6,175
Destination Maternity Corp.		203		6,066
Journal Communications, Inc. — Class A*		649		6,042
Unifi, Inc.*		215		5,856
Rentrak Corp.*		150		5,684
Federal-Mogul Corp.*		287		5,648
MarineMax, Inc.*		343		5,515
Strayer Education, Inc.		160		5,515
Stein Mart, Inc.		401		5,393
ClubCorp Holdings, Inc.		304		5,393
Stoneridge, Inc.*		421		5,368
Houghton Mifflin Harcourt Co.*		311		5,275
Vince Holding Corp.*		171		5,245
Town Sports International Holdings, Inc.		351		5,181
Overstock.com, Inc.*		161		4,957
PetMed Express, Inc.		298		4,956
Harte-Hanks, Inc.		629		4,919
Entravision Communications Corp. — Class A		804		4,896
America's Car-Mart, Inc.*		115		4,856
Big 5 Sporting Goods Corp.		244		4,836
Remy International, Inc.		207		4,827
Tile Shop Holdings, Inc.*		266		4,807
Kirkland's, Inc.*		203		4,805
Diamond Resorts International, Inc.*		259		4,781
Bridgepoint Education, Inc.*		268		4,746
Career Education Corp.*		809		4,611
Bravo Brio Restaurant Group, Inc.*		283		4,604
VOXX International Corp. — Class A*		273		4,559
NACCO Industries, Inc. — Class A		73		4,540
Digital Generation, Inc.*		355		4,526
Christopher & Banks Corp.*		529		4,518
Black Diamond, Inc.*		336		4,479
Carriage Services, Inc. — Class A		229		4,472
William Lyon Homes — Class A*		200		4,428
TRI Pointe Homes, Inc.*		218		4,345
Central European Media Enterprises Ltd. — Class A*		1,118		4,293
Universal Technical Institute, Inc.		308		4,284
Destination XL Group, Inc.*		614		4,034
ValueVision Media, Inc. — Class A*		572		3,998
RetailMeNot, Inc.*		138		3,973
Nautilus, Inc.*		459		3,869
Citi Trends, Inc.*		225		3,825
RadioShack Corp.*		1,455		3,783
Del Frisco's Restaurant Group, Inc.*		158		3,724
Mac-Gray Corp.		174		3,694
Entercom Communications Corp. — Class A*		347		3,647
Marcus Corp.		270		3,629
Education Management Corp.*		355		3,582
West Marine, Inc.*		251		3,572
Saga Communications, Inc. — Class A		71		3,571
Wet Seal, Inc. — Class A*		1,301		3,552
SFX Entertainment, Inc.*		291		3,492
CSS Industries, Inc.		121		3,470
Spartan Motors, Inc.		502		3,363
Speedway Motorsports, Inc.		169		3,355
Sears Hometown and Outlet Stores, Inc.*		131		3,341
Bon-Ton Stores, Inc.		203		3,305
Noodles & Co.*		92		3,305
Winmark Corp.		35		3,242
Daily Journal Corp.*		17		3,145
Morgans Hotel Group Co.*		386		3,138
Potbelly Corp.*		129		3,132
Jamba, Inc.*		245		3,045
McClatchy Co. — Class A*		889		3,023
Costa, Inc.*		138		2,999
Weyco Group, Inc.		98		2,884
Perry Ellis International, Inc.*		181		2,858
Fuel Systems Solutions, Inc.*		205		2,843
Isle of Capri Casinos, Inc.*		311		2,799
RG Barry Corp.		142		2,741
bebe stores, Inc.		511		2,719
hhgregg, Inc.*		193		2,696
Hooker Furniture Corp.		157		2,619
Monarch Casino & Resort, Inc.*		130		2,610
Fox Factory Holding Corp.*		148		2,608
Orbitz Worldwide, Inc.*		349		2,506
Bassett Furniture Industries, Inc.		161		2,460
Culp, Inc.		119		2,434
LGI Homes, Inc.*		136		2,419
Lifetime Brands, Inc.		151		2,375
Carrols Restaurant Group, Inc.*		345		2,280
Pacific Sunwear of California, Inc.*		675		2,255
Luby's, Inc.*		292		2,254
Global Sources Ltd.*		277		2,252

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Consumer Discretionary - 10.6% (continued)
Flexsteel Industries, Inc.		72	$	2,213
Corinthian Colleges, Inc.*		1,161		2,067
AH Belo Corp. — Class A		275		2,054
1-800-Flowers.com, Inc. — Class A*		379		2,050
Tower International, Inc.*		94		2,012
Zagg, Inc.*		453		1,971
Johnson Outdoors, Inc. — Class A		73		1,967
Nathan's Famous, Inc.*		39		1,966
Reading International, Inc. — Class A*		260		1,947
Skullcandy, Inc.*		268		1,932
ReachLocal, Inc.*		151		1,919
WCI Communities, Inc.*		100		1,909
JAKKS Pacific, Inc.		278		1,871
Vitacost.com, Inc.*		321		1,859
New York & Company, Inc.*		419		1,831
Shiloh Industries, Inc.*		93		1,814
Systemax, Inc.*		160		1,800
Crown Media Holdings, Inc. — Class A*		508		1,793
Lincoln Educational Services Corp.		351		1,748
UCP, Inc. — Class A*		117		1,713
Dex Media, Inc.*		250		1,695
Tilly's, Inc. — Class A*		147		1,683
JTH Holding, Inc. — Class A*		69		1,677
Marine Products Corp.		156		1,568
Martha Stewart Living Omnimedia, Inc. — Class A*		359		1,508
Hemisphere Media Group, Inc.*		126		1,496
Blyth, Inc.1		137		1,491
Einstein Noah Restaurant Group, Inc.		94		1,363
Salem Communications Corp. — Class A		150		1,305
Ignite Restaurant Group, Inc.*		103		1,288
EveryWare Global, Inc.*		139		1,151
American Apparel, Inc.*		843		1,037
Gordmans Stores, Inc.		132		1,012
Body Central Corp.*		243		957
Diversified Restaurant Holdings, Inc.*		158		754
Trans World Entertainment Corp.*		152		672
Beasley Broadcasting Group, Inc. — Class A		68		594
Total Consumer Discretionary				3,358,189
Health Care - 10.2%
athenahealth, Inc.*		533		71,688
Isis Pharmaceuticals, Inc.*		1,641		65,376
Align Technology, Inc.*		1,065		60,864
Alnylam Pharmaceuticals, Inc.*		847		54,488
West Pharmaceutical Services, Inc.		1,014		49,746
ViroPharma, Inc.*		956		47,656
Medidata Solutions, Inc.*		783		47,426
Centene Corp.*		797		46,983
Team Health Holdings, Inc.*		1,009		45,959
Cepheid, Inc.*		977		45,645
NPS Pharmaceuticals, Inc.*		1,464		44,447
WellCare Health Plans, Inc.*		631		44,435
HealthSouth Corp.		1,272		42,382
STERIS Corp.		864		41,516
Questcor Pharmaceuticals, Inc.1		762		41,490
PAREXEL International Corp.*		831		37,544
DexCom, Inc.*		1,032		36,543
Medicines Co.*		925		35,724
Owens & Minor, Inc.		924		33,782
Air Methods Corp.*		572		33,365
Puma Biotechnology, Inc.*		320		33,130
Celldex Therapeutics, Inc.*		1,305		31,594
MWI Veterinary Supply, Inc.*		185		31,559
Haemonetics Corp.*		747		31,471
Thoratec Corp.*		834		30,524
Aegerion Pharmaceuticals, Inc.*		423		30,016
HMS Holdings Corp.*		1,285		29,208
Insulet Corp.*		786		29,161
Prestige Brands Holdings, Inc.*		752		26,922
Cyberonics, Inc.*		408		26,728
Santarus, Inc.*		815		26,047
ACADIA Pharmaceuticals, Inc.*		1,023		25,565
Impax Laboratories, Inc.*		1,003		25,215
Acadia Healthcare Company, Inc.*		518		24,516
Neogen Corp.*		521		23,810
Magellan Health Services, Inc.*		392		23,485
Opko Health, Inc.*,1		2,756		23,261
Pacira Pharmaceuticals, Inc.*		402		23,111
HeartWare International, Inc.*		240		22,550
Amsurg Corp. — Class A*		468		21,491
Akorn, Inc.*		855		21,059
Masimo Corp.*		717		20,958
NuVasive, Inc.*		643		20,788
Chemed Corp.		263		20,151
Hanger, Inc.*		509		20,024
Halozyme Therapeutics, Inc.*		1,303		19,532
InterMune, Inc.*		1,313		19,340
Nektar Therapeutics*		1,688		19,159
Arena Pharmaceuticals, Inc.*,1		3,188		18,650
Synageva BioPharma Corp.*		285		18,445
ImmunoGen, Inc.*		1,238		18,161
Wright Medical Group, Inc.*		587		18,027
MedAssets, Inc.*		892		17,688
Volcano Corp.*		801		17,502
Acorda Therapeutics, Inc.*		597		17,432
CONMED Corp.		410		17,425
PDL BioPharma, Inc.1		2,048		17,285
ArthroCare Corp.*		414		16,659
Exelixis, Inc.*		2,692		16,502
Cantel Medical Corp.		479		16,243
Meridian Bioscience, Inc.		611		16,210
Globus Medical, Inc. — Class A*		799		16,124
Endologix, Inc.*		922		16,080
Integra LifeSciences Holdings Corp.*		333		15,887
Ironwood Pharmaceuticals, Inc. — Class A*		1,359		15,778

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Health Care - 10.2% (continued)
Analogic Corp.		178	$	15,764
Kindred Healthcare, Inc.		794		15,674
Clovis Oncology, Inc.*		258		15,550
Keryx Biopharmaceuticals, Inc.*		1,194		15,462
Greatbatch, Inc.*		346		15,307
ABIOMED, Inc.*		565		15,108
Auxilium Pharmaceuticals, Inc.*		723		14,995
Spectranetics Corp.*		595		14,875
Molina Healthcare, Inc.*		416		14,456
IPC The Hospitalist Company, Inc.*		243		14,432
Fluidigm Corp.*		373		14,292
Novavax, Inc.*		2,724		13,947
Ligand Pharmaceuticals, Inc. — Class B*		256		13,466
Vivus, Inc.*,1		1,474		13,384
Dyax Corp.*		1,774		13,358
ExamWorks Group, Inc.*		443		13,232
Abaxis, Inc.*		328		13,127
Emeritus Corp.*		592		12,805
Omnicell, Inc.*		501		12,791
Ensign Group, Inc.		284		12,573
Quidel Corp.*		407		12,572
Quality Systems, Inc.		587		12,362
Sangamo Biosciences, Inc.*		890		12,362
Cardiovascular Systems, Inc.*		355		12,173
Momenta Pharmaceuticals, Inc.*		686		12,128
Exact Sciences Corp.*		1,032		12,064
ICU Medical, Inc.*		187		11,914
MiMedx Group, Inc.*		1,329		11,615
MannKind Corp.*		2,176		11,337
Raptor Pharmaceutical Corp.*		870		11,327
Sarepta Therapeutics, Inc.*		548		11,163
Invacare Corp.		465		10,793
Luminex Corp.*		551		10,689
Natus Medical, Inc.*		446		10,035
Capital Senior Living Corp.*		417		10,004
AMN Healthcare Services, Inc.*		678		9,967
Computer Programs & Systems, Inc.		160		9,890
Merit Medical Systems, Inc.*		618		9,727
Infinity Pharmaceuticals, Inc.*		699		9,653
HealthStream, Inc.*		291		9,536
Accuray, Inc.*		1,085		9,450
PharMerica Corp.*		434		9,331
Lannett Company, Inc.*		278		9,202
Neurocrine Biosciences, Inc.*		979		9,144
Emergent Biosolutions, Inc.*		397		9,127
Bio-Reference Labs, Inc.*		356		9,092
Array BioPharma, Inc.*		1,805		9,043
Geron Corp.*		1,906		9,034
Affymetrix, Inc.*		1,043		8,939
NxStage Medical, Inc.*		878		8,780
Idenix Pharmaceuticals, Inc.*,1		1,457		8,713
Depomed, Inc.*		823		8,707
National Healthcare Corp.		161		8,680
Staar Surgical Co.*		535		8,662
Insmed, Inc.*		508		8,641
Orexigen Therapeutics, Inc.*		1,479		8,327
Select Medical Holdings Corp.		710		8,243
Spectrum Pharmaceuticals, Inc.*		926		8,195
Cadence Pharmaceuticals, Inc.*		900		8,145
Corvel Corp.*		172		8,032
Accretive Health, Inc.*		862		7,896
Cambrex Corp.*		442		7,881
Healthways, Inc.*		504		7,736
AMAG Pharmaceuticals, Inc.*		313		7,597
XOMA Corp.*		1,128		7,591
Cynosure, Inc. — Class A*		284		7,577
Merrimack Pharmaceuticals, Inc.*		1,415		7,556
Dynavax Technologies Corp.*		3,842		7,530
Galena Biopharma, Inc.*,1		1,495		7,415
Antares Pharma, Inc.*		1,644		7,365
Landauer, Inc.		138		7,260
Intercept Pharmaceuticals, Inc.*		106		7,238
Tornier N.V.*		382		7,178
AVANIR Pharmaceuticals, Inc. — Class A*		2,121		7,127
Atrion Corp.		24		7,110
Genomic Health, Inc.*		241		7,054
Hi-Tech Pharmacal Company, Inc.*		162		7,029
GenMark Diagnostics, Inc.*		525		6,988
Sagent Pharmaceuticals, Inc.*		273		6,929
Anika Therapeutics, Inc.*		181		6,907
Dendreon Corp.*,1		2,305		6,892
Triple-S Management Corp. — Class B*		351		6,823
Amedisys, Inc.*		458		6,701
Synergy Pharmaceuticals, Inc.*		1,176		6,621
Cerus Corp.*		1,024		6,605
TherapeuticsMD, Inc.*		1,260		6,565
KYTHERA Biopharmaceuticals, Inc.*		176		6,556
Orthofix International N.V.*		282		6,435
Repligen Corp.*		464		6,329
BioScrip, Inc.*		848		6,275
Unilife Corp.*		1,419		6,244
Anacor Pharmaceuticals, Inc.*		369		6,192
AngioDynamics, Inc.*		360		6,188
Repros Therapeutics, Inc.*		335		6,131
Vanda Pharmaceuticals, Inc.*		489		6,068
US Physical Therapy, Inc.		172		6,065
Lexicon Pharmaceuticals, Inc.*		3,328		5,990
Rockwell Medical, Inc.*		572		5,972
Horizon Pharma, Inc.*		751		5,723
Surgical Care Affiliates, Inc.*		164		5,714
TESARO, Inc.*		201		5,676
AtriCure, Inc.*		303		5,660
Prothena Corporation plc*		213		5,649
Gentiva Health Services, Inc.*		455		5,647
Vascular Solutions, Inc.*		243		5,625
Symmetry Medical, Inc.*		545		5,494
NewLink Genetics Corp.*		248		5,458
OraSure Technologies, Inc.*		817		5,139

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Health Care - 10.2% (continued)
ZIOPHARM Oncology, Inc.*		1,178	$	5,113
Chelsea Therapeutics International Ltd.*		1,152		5,103
SurModics, Inc.*		206		5,024
Zogenix, Inc.*		1,437		4,943
Omeros Corp.*		437		4,934
Immunomedics, Inc.*		1,070		4,922
Zeltiq Aesthetics, Inc.*		254		4,803
Vocera Communications, Inc.*		306		4,777
Endocyte, Inc.*		445		4,757
Achillion Pharmaceuticals, Inc.*		1,412		4,688
Progenics Pharmaceuticals, Inc.*		870		4,637
CryoLife, Inc.		406		4,503
LHC Group, Inc.*		172		4,135
Universal American Corp.		559		4,081
Ophthotech Corp.*		126		4,076
Portola Pharmaceuticals, Inc.*		158		4,069
Providence Service Corp.*		157		4,038
Furiex Pharmaceuticals, Inc.*		96		4,033
SciClone Pharmaceuticals, Inc.*		794		4,002
TearLab Corp.*		425		3,970
Sequenom, Inc.*		1,681		3,934
Intrexon Corp.*		165		3,927
Cross Country Healthcare, Inc.*		393		3,922
Almost Family, Inc.*		121		3,912
Osiris Therapeutics, Inc.*		243		3,907
AcelRx Pharmaceuticals, Inc.*		341		3,857
Synta Pharmaceuticals Corp.*,1		728		3,815
XenoPort, Inc.*		637		3,663
Pacific Biosciences of California, Inc.*		698		3,651
Cell Therapeutics, Inc.*		1,899		3,646
Rigel Pharmaceuticals, Inc.*		1,272		3,625
Navidea Biopharmaceuticals, Inc.*		1,750		3,623
Cempra, Inc.*		288		3,568
Acceleron Pharma, Inc.*		90		3,564
Curis, Inc.*		1,258		3,548
Albany Molecular Research, Inc.*		341		3,437
Tandem Diabetes Care, Inc.*		133		3,427
Five Star Quality Care, Inc.*		623		3,420
Exactech, Inc.*		142		3,374
Peregrine Pharmaceuticals, Inc.*		2,346		3,261
Threshold Pharmaceuticals, Inc.*		689		3,218
Ampio Pharmaceuticals, Inc.*		451		3,216
Chindex International, Inc.*		182		3,172
Pozen, Inc.		393		3,160
Solta Medical, Inc.*		1,041		3,071
Insys Therapeutics, Inc.*		79		3,058
Verastem, Inc.*		256		2,918
RTI Surgical, Inc.*		824		2,917
Stemline Therapeutics, Inc.*		142		2,783
Tetraphase Pharmaceuticals, Inc.*		201		2,718
National Research Corp. — Class A*		141		2,654
Karyopharm Therapeutics, Inc.*		115		2,636
BioDelivery Sciences International, Inc.*		438		2,580
Utah Medical Products, Inc.		45		2,572
PhotoMedex, Inc.*		195		2,525
Cytokinetics, Inc.*		387		2,516
Hyperion Therapeutics, Inc.*		124		2,507
Corcept Therapeutics, Inc.*		774		2,492
Durata Therapeutics, Inc.*		194		2,481
Foundation Medicine, Inc.*		104		2,477
Agios Pharmaceuticals, Inc.*		100		2,395
Receptos, Inc.*		82		2,377
Cytori Therapeutics, Inc.*		921		2,367
PTC Therapeutics, Inc.*		138		2,342
MacroGenics, Inc.*		85		2,332
Relypsa, Inc.*		93		2,325
Sunesis Pharmaceuticals, Inc.*		473		2,242
Merge Healthcare, Inc.*		958		2,223
Derma Sciences, Inc.*		200		2,164
Cutera, Inc.*		211		2,148
Aerie Pharmaceuticals, Inc.*		118		2,119
Bluebird Bio, Inc.*		100		2,098
ChemoCentryx, Inc.*		359		2,079
OncoMed Pharmaceuticals, Inc.*		69		2,037
Accelerate Diagnostics, Inc.*,1		166		2,025
LDR Holding Corp.*		85		2,006
Biotime, Inc.*		536		1,930
Sucampo Pharmaceuticals, Inc. — Class A*		204		1,918
Aratana Therapeutics, Inc.*		100		1,910
Arqule, Inc.*		866		1,862
Nanosphere, Inc.*		803		1,839
Chimerix, Inc.*		121		1,828
Alphatec Holdings, Inc.*		907		1,823
Medical Action Industries, Inc.*		211		1,806
Oxford Immunotec Global plc*		93		1,802
Supernus Pharmaceuticals, Inc.*		238		1,795
OncoGenex Pharmaceutical, Inc.*		214		1,785
Addus HomeCare Corp.*		79		1,774
Harvard Bioscience, Inc.*		375		1,763
SIGA Technologies, Inc.*		538		1,759
Epizyme, Inc.*		84		1,747
NeoGenomics, Inc.*		477		1,727
Alliance HealthCare Services, Inc.*		69		1,707
Targacept, Inc.*		405		1,681
Enanta Pharmaceuticals, Inc.*		58		1,582
Five Prime Therapeutics, Inc.*		85		1,427
Biolase, Inc.*		500		1,414
AVEO Pharmaceuticals, Inc.*		759		1,397
Skilled Healthcare Group, Inc. — Class A*		290		1,395
MEI Pharma, Inc.*		174		1,394
Fibrocell Science, Inc.*		330		1,340
Vical, Inc.*		1,114		1,315
Cornerstone Therapeutics, Inc.*		129		1,224
OvaScience, Inc.*		129		1,179
BIND Therapeutics, Inc.*		78		1,177
Alimera Sciences, Inc.*		244		1,149
Regulus Therapeutics, Inc.*		149		1,101
Onconova Therapeutics, Inc.*		92		1,056

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Health Care - 10.2% (continued)
Amicus Therapeutics, Inc.*		445	$	1,046
Veracyte, Inc.*		72		1,044
Coronado Biosciences, Inc.*		388		1,020
Esperion Therapeutics, Inc.*		72		989
Cellular Dynamics International, Inc.*		55		908
TG Therapeutics, Inc.*		228		889
KaloBios Pharmaceuticals, Inc.*		175		774
Pernix Therapeutics Holdings*		254		640
Enzon Pharmaceuticals, Inc.		547		635
GTx, Inc.*		383		632
Conatus Pharmaceuticals, Inc.*		92		593
Harvard Apparatus Regenerative Technology, Inc.*		93		442
USMD Holdings, Inc.*		17		342
Total Health Care				3,231,528
Energy - 4.2%
Kodiak Oil & Gas Corp.*		3,881		43,505
Rosetta Resources, Inc.*		894		42,947
Targa Resources Corp.		479		42,234
SemGroup Corp. — Class A		614		40,051
Bristow Group, Inc.		529		39,707
Helix Energy Solutions Group, Inc.*		1,545		35,813
CARBO Ceramics, Inc.		292		34,027
Western Refining, Inc.		795		33,715
Scorpio Tankers, Inc.		2,698		31,809
Energy XXI Bermuda Ltd.		1,159		31,362
Carrizo Oil & Gas, Inc.*		663		29,682
Exterran Holdings, Inc.*		838		28,660
PDC Energy, Inc.*		523		27,834
SEACOR Holdings, Inc.*		295		26,904
Hornbeck Offshore Services, Inc.*		525		25,846
Stone Energy Corp.*		735		25,424
Crosstex Energy, Inc.		701		25,348
Alpha Natural Resources, Inc.*		3,227		23,041
Bill Barrett Corp.*		713		19,094
Bonanza Creek Energy, Inc.*		429		18,649
Delek US Holdings, Inc.		539		18,547
Magnum Hunter Resources Corp.*		2,514		18,377
Gulfmark Offshore, Inc. — Class A		387		18,239
Geospace Technologies Corp.*		187		17,733
Key Energy Services, Inc.*		2,224		17,570
Forum Energy Technologies, Inc.*		571		16,136
Cloud Peak Energy, Inc.*		890		16,020
Matador Resources Co.*		855		15,937
Newpark Resources, Inc.*		1,256		15,436
Hercules Offshore, Inc.*		2,330		15,215
C&J Energy Services, Inc.*		656		15,154
Diamondback Energy, Inc.*		282		14,907
TETRA Technologies, Inc.*		1,145		14,152
Parker Drilling Co.*		1,739		14,138
Northern Oil and Gas, Inc.*		935		14,090
Arch Coal, Inc.		3,108		13,831
Sanchez Energy Corp.*		560		13,726
Ship Finance International Ltd.		816		13,366
Halcon Resources Corp.*,1		3,383		13,058
Rex Energy Corp.*		662		13,048
Clean Energy Fuels Corp.*		1,001		12,893
Comstock Resources, Inc.		704		12,876
EPL Oil & Gas, Inc.*		440		12,540
Nordic American Tankers Ltd.		1,096		10,631
EXCO Resources, Inc.		1,981		10,519
Contango Oil & Gas Co.*		215		10,161
Approach Resources, Inc.*		511		9,857
Matrix Service Co.*		381		9,323
Era Group, Inc.*		295		9,104
Resolute Energy Corp.*		992		8,958
Tesco Corp.*		441		8,723
RigNet, Inc.*		178		8,532
Swift Energy Co.*		630		8,505
Triangle Petroleum Corp.*		997		8,295
W&T Offshore, Inc.		507		8,112
Athlon Energy, Inc.*		266		8,047
Goodrich Petroleum Corp.*		459		7,812
PHI, Inc.*		180		7,812
Penn Virginia Corp.*		810		7,638
Solazyme, Inc.*,1		697		7,590
Pioneer Energy Services Corp.*		911		7,297
Green Plains Renewable Energy, Inc.		375		7,271
Clayton Williams Energy, Inc.*		86		7,048
Basic Energy Services, Inc.*		440		6,943
Synergy Resources Corp.*		743		6,880
ION Geophysical Corp.*		1,943		6,412
GasLog Ltd.		374		6,392
Emerald Oil, Inc.*		827		6,335
Forest Oil Corp.*		1,746		6,303
Vaalco Energy, Inc.*		848		5,843
Rentech, Inc.*		3,305		5,784
Gastar Exploration, Inc.*		815		5,640
Alon USA Energy, Inc.		340		5,624
Quicksilver Resources, Inc.*,1		1,825		5,603
Willbros Group, Inc.*		586		5,520
Vantage Drilling Co.*		2,935		5,400
Natural Gas Services Group, Inc.*		185		5,100
Gulf Island Fabrication, Inc.		208		4,830
Knightsbridge Tankers Ltd.		446		4,099
Dawson Geophysical Co.*		117		3,957
Abraxas Petroleum Corp.*		1,200		3,936
Callon Petroleum Co.*		583		3,807
Endeavour International Corp.*		692		3,633
Nuverra Environmental Solutions, Inc.*		214		3,593
PetroQuest Energy, Inc.*		831		3,590
Teekay Tankers Ltd. — Class A		913		3,588
Renewable Energy Group, Inc.*		313		3,587
REX American Resources Corp.*		78		3,487
Panhandle Oil and Gas, Inc. — Class A		104		3,475
Mitcham Industries, Inc.*		193		3,418
Warren Resources, Inc.*		1,066		3,347

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Energy - 4.2% (continued)
Westmoreland Coal Co.*		172	$	3,318
Midstates Petroleum Company, Inc.*		490		3,244
Miller Energy Resources, Inc.*		449		3,161
BPZ Resources, Inc.*		1,728		3,145
Evolution Petroleum Corp.		246		3,036
Cal Dive International, Inc.*		1,432		2,878
FX Energy, Inc.*		786		2,877
Frontline Ltd.*,1		752		2,812
Bolt Technology Corp.		127		2,795
Equal Energy Ltd.		517		2,761
Uranium Energy Corp.*		1,246		2,492
Ur-Energy, Inc.*		1,773		2,447
Jones Energy, Inc. — Class A*		168		2,433
Adams Resources & Energy, Inc.		31		2,124
Apco Oil and Gas International, Inc.*		135		2,105
Amyris, Inc.*		383		2,026
TGC Industries, Inc.		234		1,708
Isramco, Inc.*		11		1,398
KiOR, Inc. — Class A*		646		1,085
Hallador Energy Co.		130		1,048
L&L Energy, Inc.*,††		480		806
Global Geophysical Services, Inc.*		334		538
ZaZa Energy Corp.*		546		522
Total Energy				1,330,761
Materials - 3.8%
PolyOne Corp.		1,450		51,257
Axiall Corp.		1,025		48,626
Chemtura Corp.*		1,441		40,232
HB Fuller Co.		733		38,145
Louisiana-Pacific Corp.*		2,041		37,779
Sensient Technologies Corp.		736		35,711
Commercial Metals Co.		1,706		34,684
Olin Corp.		1,179		34,014
KapStone Paper and Packaging Corp.*		601		33,572
Worthington Industries, Inc.		774		32,570
Minerals Technologies, Inc.		511		30,696
Graphic Packaging Holding Co.*		2,864		27,494
Balchem Corp.		437		25,652
Schweitzer-Mauduit International, Inc.		456		23,470
SunCoke Energy, Inc.*		1,022		23,311
Texas Industries, Inc.*		323		22,215
Stillwater Mining Co.*		1,723		21,262
Kaiser Aluminum Corp.		278		19,526
Berry Plastics Group, Inc.*		810		19,269
Stepan Co.		281		18,442
PH Glatfelter Co.		628		17,358
Globe Specialty Metals, Inc.		943		16,983
OM Group, Inc.*		465		16,931
Calgon Carbon Corp.*		794		16,333
Resolute Forest Products, Inc.*		1,019		16,324
AK Steel Holding Corp.*		1,990		16,318
Clearwater Paper Corp.*		310		16,275
Coeur Mining, Inc.*		1,484		16,101
Innospec, Inc.		348		16,085
Innophos Holdings, Inc.		326		15,844
RTI International Metals, Inc.*		461		15,771
A. Schulman, Inc.		435		15,338
Walter Energy, Inc.		914		15,200
Hecla Mining Co.		4,865		14,984
Quaker Chemical Corp.		194		14,952
Flotek Industries, Inc.*		698		14,009
Koppers Holdings, Inc.		305		13,954
AMCOL International Corp.		409		13,898
Ferro Corp.*		1,058		13,574
Intrepid Potash, Inc.*		800		12,672
Schnitzer Steel Industries, Inc. — Class A		379		12,382
Molycorp, Inc.*		2,172		12,207
Horsehead Holding Corp.*		737		11,947
LSB Industries, Inc.*		282		11,568
Kraton Performance Polymers, Inc.*		480		11,064
Deltic Timber Corp.		161		10,938
US Silica Holdings, Inc.		312		10,642
Headwaters, Inc.*		1,066		10,436
Tredegar Corp.		358		10,314
Neenah Paper, Inc.		238		10,179
American Vanguard Corp.		417		10,129
Haynes International, Inc.		180		9,943
Materion Corp.		302		9,317
Wausau Paper Corp.		723		9,168
Myers Industries, Inc.		414		8,744
Advanced Emissions Solutions, Inc.*		154		8,351
Century Aluminum Co.*		749		7,835
Zoltek Companies, Inc.*		406		6,801
OMNOVA Solutions, Inc.*		687		6,259
Zep, Inc.		333		6,047
Allied Nevada Gold Corp.*		1,522		5,403
Boise Cascade Co.*		181		5,336
Hawkins, Inc.		142		5,281
FutureFuel Corp.		323		5,103
US Concrete, Inc.*		209		4,730
Taminco Corp.*		234		4,729
Landec Corp.*		382		4,630
Olympic Steel, Inc.		134		3,883
AM Castle & Co.*		261		3,855
Universal Stainless & Alloy Products, Inc.*		106		3,822
Arabian American Development Co.*		295		3,702
AEP Industries, Inc.*		67		3,540
Chase Corp.		99		3,495
American Pacific Corp.*		84		3,130
Gold Resource Corp.		488		2,211
KMG Chemicals, Inc.		120		2,027
United States Lime & Minerals, Inc.*		33		2,019
UFP Technologies, Inc.*		80		2,018
Paramount Gold and Silver Corp.*		2,020		1,882
Handy & Harman Ltd.*		76		1,840
Penford Corp.*		138		1,773

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Materials - 3.8% (continued)
Noranda Aluminum Holding Corp.		489	$	1,609
Marrone Bio Innovations, Inc.*		76		1,351
Midway Gold Corp.*		1,638		1,327
General Moly, Inc.*		839		1,124
GSE Holding, Inc.*		113		234
Total Materials				1,201,156
Consumer Staples - 2.9%
United Natural Foods, Inc.*		723		54,507
Rite Aid Corp.*		10,674		54,010
Hain Celestial Group, Inc.*		559		50,745
Darling International, Inc.*		2,310		48,232
Casey's General Stores, Inc.		556		39,060
TreeHouse Foods, Inc.*		528		36,389
Harris Teeter Supermarkets, Inc.		724		35,729
PriceSmart, Inc.		276		31,889
Boston Beer Company, Inc. — Class A*		124		29,982
B&G Foods, Inc. — Class A		774		26,245
Sanderson Farms, Inc.		338		24,447
Andersons, Inc.		271		24,165
Lancaster Colony Corp.		273		24,065
Post Holdings, Inc.*		475		23,403
Spectrum Brands Holdings, Inc.		312		22,011
SUPERVALU, Inc.*		2,969		21,644
Snyders-Lance, Inc.		698		20,047
J&J Snack Foods Corp.		223		19,756
Universal Corp.		346		18,891
Susser Holdings Corp.*		262		17,158
WD-40 Co.		228		17,027
Fresh Del Monte Produce, Inc.		554		15,678
Vector Group Ltd.		923		15,110
Pilgrim's Pride Corp.*		890		14,463
Boulder Brands, Inc.*		873		13,846
Elizabeth Arden, Inc.*		374		13,259
Cal-Maine Foods, Inc.		217		13,070
Spartan Stores, Inc.		537		13,038
Seaboard Corp.		4		11,180
Tootsie Roll Industries, Inc.1		283		9,209
Annie's, Inc.*		205		8,823
Inter Parfums, Inc.		241		8,631
Weis Markets, Inc.		163		8,567
Diamond Foods, Inc.*		325		8,398
Chiquita Brands International, Inc.*		681		7,968
Chefs' Warehouse, Inc.*		242		7,057
USANA Health Sciences, Inc.*		88		6,651
Pantry, Inc.*		342		5,739
Harbinger Group, Inc.*		482		5,712
Natural Grocers by Vitamin Cottage, Inc.*		128		5,434
Calavo Growers, Inc.		178		5,386
Medifast, Inc.*		201		5,252
Coca-Cola Bottling Company Consolidated		69		5,050
Ingles Markets, Inc. — Class A		170		4,607
Central Garden and Pet Co. — Class A*		610		4,118
Fairway Group Holdings Corp.*		226		4,095
Revlon, Inc. — Class A*		164		4,093
Limoneira Co.		150		3,989
Alliance One International, Inc.*		1,280		3,904
Seneca Foods Corp. — Class A*		119		3,795
Omega Protein Corp.*		296		3,638
Roundy's, Inc.		364		3,589
Nutraceutical International Corp.*		127		3,401
National Beverage Corp.*		162		3,266
John B Sanfilippo & Son, Inc.		120		2,962
Orchids Paper Products Co.		88		2,890
Village Super Market, Inc. — Class A		93		2,884
Nature's Sunshine Products, Inc.		164		2,840
Star Scientific, Inc.*,1		2,435		2,825
Arden Group, Inc. — Class A		22		2,783
Inventure Foods, Inc.*		209		2,771
Female Health Co.		317		2,695
Oil-Dri Corporation of America		71		2,687
Craft Brew Alliance, Inc.*		154		2,529
Lifevantage Corp.*		1,499		2,473
Synutra International, Inc.*		252		2,238
Farmer Bros Co.*		87		2,024
Alico, Inc.		41		1,594
Griffin Land & Nurseries, Inc.		40		1,335
Lifeway Foods, Inc.		64		1,023
Total Consumer Staples				927,971
Utilities - 2.3%
Cleco Corp.		889		41,446
Southwest Gas Corp.		681		38,075
IDACORP, Inc.		732		37,948
Piedmont Natural Gas Company, Inc.		1,101		36,509
UNS Energy Corp.		609		36,450
Black Hills Corp.		648		34,027
Portland General Electric Co.		1,105		33,371
UIL Holdings Corp.		831		32,201
Dynegy, Inc.*		1,466		31,549
WGL Holdings, Inc.		755		30,245
ALLETE, Inc.		580		28,930
New Jersey Resources Corp.		614		28,391
PNM Resources, Inc.		1,170		28,220
South Jersey Industries, Inc.		464		25,965
Avista Corp.		874		24,638
NorthWestern Corp.		554		23,999
Laclede Group, Inc.		481		21,905
El Paso Electric Co.		586		20,574
MGE Energy, Inc.		337		19,512
Northwest Natural Gas Co.		390		16,700
American States Water Co.		561		16,117
California Water Service Group		695		16,034
Otter Tail Corp.		534		15,630
Empire District Electric Co.		621		14,090
NRG Yield, Inc. — Class A		334		13,363
Chesapeake Utilities Corp.		137		8,223
Pattern Energy Group, Inc.		266		8,062
Ormat Technologies, Inc.		254		6,911

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 77.1% (continued)
Utilities - 2.3% (continued)
SJW Corp.		225	$	6,703
Unitil Corp.		201		6,128
Atlantic Power Corp.		1,756		6,111
Connecticut Water Service, Inc.		159		5,646
Middlesex Water Co.		235		4,921
York Water Co.		187		3,914
Consolidated Water Company Ltd.		210		2,961
Artesian Resources Corp. — Class A		107		2,456
Delta Natural Gas Company, Inc.		105		2,350
Genie Energy Ltd. — Class B*		192		1,960
Pure Cycle Corp.*		252		1,595
Total Utilities				733,830
Telecommunication Services - 0.6%
Cogent Communications Group, Inc.		686		27,722
Leap Wireless International, Inc.*		793		13,798
8x8, Inc.*		1,278		12,985
Consolidated Communications Holdings, Inc.		582		11,425
Cincinnati Bell, Inc.*		3,044		10,837
Shenandoah Telecommunications Co.		351		9,010
Premiere Global Services, Inc.*		699		8,101
Atlantic Tele-Network, Inc.		135		7,637
Vonage Holdings Corp.*		2,272		7,566
NII Holdings, Inc.*		2,512		6,908
inContact, Inc.*		782		6,107
Iridium Communications, Inc.*		935		5,853
Inteliquent, Inc.		481		5,493
General Communication, Inc. — Class A*		460		5,129
Lumos Networks Corp.		228		4,788
NTELOS Holdings Corp.		228		4,612
Hawaiian Telcom Holdco, Inc.*		156		4,582
USA Mobility, Inc.		314		4,484
IDT Corp. — Class B		227		4,056
Fairpoint Communications, Inc.*		303		3,427
ORBCOMM, Inc.*		533		3,379
magicJack VocalTec Ltd.*		267		3,183
Towerstream Corp.*		968		2,865
Cbeyond, Inc.*		389		2,684
HickoryTech Corp.		202		2,592
RingCentral, Inc. — Class A*		129		2,370
Boingo Wireless, Inc.*		269		1,724
Straight Path Communications, Inc. — Class B*		116		950
Total Telecommunication Services				184,267
Total Common Stocks
(Cost $16,557,547)				24,424,230
WARRANTS†† - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16*,†		54		289
Magnum Hunter Resources Corp.
$8.50, 04/15/16*,1		282		–
Total Warrants
(Cost $344)				289
RIGHTS†† - 0.0%
Cubist Pharmaceuticals, Inc.
Expires 10/15/15*		729		984
EXCO Resources Inc.
Expires 01/11/14*		1,111		178
Omthera Pharmaceuticals, Inc.
Expires 12/31/20*		57		34
Total Rights
(Cost $1,537)				1,196
		Face Amount
REPURCHASE AGREEMENTS††,2 - 66.4%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	15,478,058		15,478,058
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		2,496,565		2,496,565
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		1,549,461		1,549,461
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143		1,479,610		1,479,610
Total Repurchase Agreements
(Cost $21,003,694)				21,003,694
SECURITIES LENDING COLLATERAL††,4 - 0.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		229,501		229,501
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		33,828		33,828
Total Securities Lending Collateral
(Cost $263,329)				263,329
Total Investments - 144.3%
(Cost $37,826,451)			$	45,692,738
Other Assets & Liabilities, net - (44.3)%				(14,037,731	)
Total Net Assets - 100.0%			$	31,655,007
	Units		Unrealized Gain
EQUITY INDEX SWAP AGREEMENTS††
Barclays Bank plc January 2014 Russell 2000 Index Swap, Terminating 01/31/145 (Notional Value $5,759,627)		4,950	$	17,791
Goldman Sachs International January 2014 Russell 2000 Index Swap, Terminating 01/28/145 (Notional Value $9,116,768)		7,835		14,970

Russell 2000® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Units		Unrealized Gain
EQUITY INDEX SWAP AGREEMENTS††
Credit Suisse Capital, LLC January 2014 Russell 2000 Index Swap, Terminating 01/28/145 (Notional Value $8,242,115)		7,083	$	13,922
(Total Notional Value $23,118,510)			$	46,683

^* Non-income producing security.

^† Value determined based on Level 1 inputs, unless otherwise noted — See Note 2.

^†† Value determined based on Level 2 inputs — See Note 2.

¹ All or portion of this security is on loan at December 31, 2013 — See Note 4.

² Repurchase Agreements — See Note 3.

³ All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.

⁴ Securities lending collateral — See Note 4.

⁵ Total Return based on Russell 2000 Index +/- financing at a variable rate.

plc — Public Limited Company

REIT — Real Estate Investment Trust

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7%
Financials - 15.8%
CNO Financial Group, Inc.		7,158	$	126,625
Prosperity Bancshares, Inc.		1,939		122,912
FirstMerit Corp.		5,341		118,729
Financial Engines, Inc.		1,572		109,222
Highwoods Properties, Inc.		2,892		104,603
NorthStar Realty Finance Corp.		7,717		103,795
LaSalle Hotel Properties		3,350		103,382
Prospect Capital Corp.		8,963		100,564
Hancock Holding Co.		2,738		100,429
First American Financial Corp.		3,483		98,222
Stifel Financial Corp.*		2,045		97,996
RLJ Lodging Trust		3,988		96,989
Webster Financial Corp.		2,912		90,796
MGIC Investment Corp.*		10,439		88,106
Portfolio Recovery Associates, Inc.*		1,631		86,182
EPR Properties		1,664		81,803
Texas Capital Bancshares, Inc.*		1,309		81,420
MarketAxess Holdings, Inc.		1,210		80,913
Primerica, Inc.		1,833		78,654
Radian Group, Inc.		5,565		78,579
BancorpSouth, Inc.		3,070		78,039
Susquehanna Bancshares, Inc.		6,004		77,091
Geo Group, Inc.		2,307		74,332
UMB Financial Corp.		1,153		74,115
DiamondRock Hospitality Co.		6,297		72,730
Sunstone Hotel Investors, Inc.		5,241		70,229
Umpqua Holdings Corp.		3,606		69,019
Glacier Bancorp, Inc.		2,316		68,994
CubeSmart		4,292		68,414
Cathay General Bancorp		2,536		67,787
First Financial Bankshares, Inc.		1,017		67,447
DCT Industrial Trust, Inc.		9,368		66,793
RLI Corp.		682		66,414
Sovran Self Storage, Inc.		1,013		66,017
Healthcare Realty Trust, Inc.		3,084		65,720
Invesco Mortgage Capital, Inc.		4,357		63,962
American Realty Capital Properties, Inc.		4,956		63,735
Medical Properties Trust, Inc.		5,206		63,617
Apollo Investment Corp.		7,236		61,361
FNB Corp.		4,834		61,005
Pebblebrook Hotel Trust		1,982		60,966
Evercore Partners, Inc. — Class A		1,019		60,916
PrivateBancorp, Inc. — Class A		2,095		60,608
IBERIABANK Corp.		960		60,336
First Industrial Realty Trust, Inc.		3,457		60,325
Ryman Hospitality Properties, Inc.		1,426		59,578
Janus Capital Group, Inc.		4,804		59,425
Lexington Realty Trust		5,790		59,116
Chambers Street Properties		7,622		58,308
First Cash Financial Services, Inc.*		941		58,192
Capitol Federal Financial, Inc.		4,802		58,153
Trustmark Corp.		2,160		57,974
Alexander & Baldwin, Inc.		1,383		57,713
Platinum Underwriters Holdings Ltd.		940		57,603
WisdomTree Investments, Inc.*		3,236		57,310
Western Alliance Bancorporation*		2,390		57,025
Bank of the Ozarks, Inc.		1,006		56,930
EastGroup Properties, Inc.		976		56,540
MB Financial, Inc.		1,761		56,510
Cousins Properties, Inc.		5,413		55,754
Strategic Hotels & Resorts, Inc.*		5,838		55,169
Wintrust Financial Corp.		1,192		54,975
American Equity Investment Life Holding Co.		2,067		54,527
Home BancShares, Inc.		1,457		54,419
New Residential Investment Corp.		8,146		54,415
Potlatch Corp.		1,300		54,262
Greenhill & Company, Inc.		912		52,841
Home Loan Servicing Solutions Ltd.		2,286		52,509
PennyMac Mortgage Investment Trust		2,272		52,165
PacWest Bancorp1		1,219		51,466
First Financial Holdings, Inc.		772		51,346
Community Bank System, Inc.		1,293		51,306
Redwood Trust, Inc.		2,647		51,272
United Bankshares, Inc.1		1,619		50,918
CVB Financial Corp.		2,955		50,442
Old National Bancorp		3,262		50,137
Washington Real Estate Investment Trust		2,142		50,037
Symetra Financial Corp.		2,627		49,808
DuPont Fabros Technology, Inc.		2,010		49,667
Sun Communities, Inc.		1,160		49,462
Westamerica Bancorporation		866		48,894
Selective Insurance Group, Inc.		1,790		48,437
ARMOUR Residential REIT, Inc.		12,054		48,337
EverBank Financial Corp.		2,589		47,482
Hilltop Holdings, Inc.*		1,997		46,191
International Bancshares Corp.		1,718		45,338
Columbia Banking System, Inc.		1,646		45,281
PS Business Parks, Inc.		588		44,935
PHH Corp.*		1,843		44,877
Northwest Bancshares, Inc.		3,019		44,621
National Health Investors, Inc.		788		44,207
Acadia Realty Trust		1,776		44,097
Virtus Investment Partners, Inc.*		220		44,011
Government Properties Income Trust		1,759		43,711
Glimcher Realty Trust		4,656		43,580
Equity One, Inc.		1,942		43,578
Enstar Group Ltd.*		308		42,784
National Penn Bancshares, Inc.		3,769		42,703
First Midwest Bancorp, Inc.		2,414		42,317
BBCN Bancorp, Inc.		2,546		42,238
Walter Investment Management Corp.*		1,192		42,149
Colony Financial, Inc.		2,076		42,122
CYS Investments, Inc.		5,622		41,659
Pennsylvania Real Estate Investment Trust		2,190		41,566
Investors Bancorp, Inc.		1,621		41,465
Main Street Capital Corp.		1,262		41,255

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Financials - 15.8% (continued)
Montpelier Re Holdings Ltd.		1,417	$	41,235
Altisource Residential Corp.		1,362		41,010
Fifth Street Finance Corp.		4,401		40,709
Kennedy-Wilson Holdings, Inc.		1,824		40,584
Encore Capital Group, Inc.*		807		40,560
Argo Group International Holdings Ltd.		871		40,493
Horace Mann Educators Corp.		1,279		40,340
LTC Properties, Inc.		1,123		39,743
Chesapeake Lodging Trust		1,561		39,478
Astoria Financial Corp.		2,840		39,277
iStar Financial, Inc.*		2,736		39,043
Sterling Financial Corp.		1,098		37,420
Capstead Mortgage Corp.		3,081		37,218
Provident Financial Services, Inc.		1,926		37,210
Pinnacle Financial Partners, Inc.		1,132		36,824
NBT Bancorp, Inc.		1,412		36,571
Hersha Hospitality Trust — Class A		6,520		36,316
National Bank Holdings Corp. — Class A		1,687		36,102
Sterling Bancorp		2,688		35,939
Ambac Financial Group, Inc.*		1,447		35,538
ViewPoint Financial Group, Inc.		1,285		35,273
Cash America International, Inc.		920		35,236
Franklin Street Properties Corp.		2,903		34,691
Parkway Properties, Inc.		1,778		34,303
Retail Opportunity Investments Corp.		2,318		34,121
American Assets Trust, Inc.		1,078		33,882
American Capital Mortgage Investment Corp.		1,896		33,104
Solar Capital Ltd.		1,452		32,743
Amtrust Financial Services, Inc.1		1,000		32,690
FelCor Lodging Trust, Inc.*		3,995		32,599
Hercules Technology Growth Capital, Inc.		1,981		32,488
Boston Private Financial Holdings, Inc.		2,572		32,459
First Financial Bancorp		1,861		32,437
Education Realty Trust, Inc.		3,672		32,387
Park National Corp.		376		31,986
Employers Holdings, Inc.		996		31,523
Sabra Health Care REIT, Inc.		1,203		31,446
Nelnet, Inc. — Class A		738		31,099
Renasant Corp.		983		30,925
BofI Holding, Inc.*		393		30,823
Greenlight Capital Re Ltd. — Class A*		905		30,508
Hudson Pacific Properties, Inc.		1,392		30,443
Ramco-Gershenson Properties Trust		1,926		30,315
Chemical Financial Corp.		955		30,245
Independent Bank Corp.		764		29,941
Associated Estates Realty Corp.		1,855		29,773
Credit Acceptance Corp.*		227		29,508
Inland Real Estate Corp.		2,752		28,951
HFF, Inc. — Class A*		1,066		28,622
Banner Corp.		626		28,057
Investors Real Estate Trust		3,251		27,894
First Commonwealth Financial Corp.		3,154		27,818
eHealth, Inc.*		592		27,522
STAG Industrial, Inc.		1,349		27,506
KCG Holdings, Inc. — Class A*		2,292		27,412
Infinity Property & Casualty Corp.		375		26,906
WesBanco, Inc.		835		26,720
Banco Latinoamericano de Comercio Exterior S.A. — Class E		945		26,479
World Acceptance Corp.*,1		295		25,821
First Merchants Corp.		1,125		25,605
OFG Bancorp		1,470		25,490
AMERISAFE, Inc.		588		24,837
PennantPark Investment Corp.		2,138		24,801
BGC Partners, Inc. — Class A		4,088		24,773
Northfield Bancorp, Inc.		1,874		24,737
United Community Banks, Inc.*		1,392		24,708
Investment Technology Group, Inc.*		1,200		24,672
Triangle Capital Corp.		884		24,443
Resource Capital Corp.		4,085		24,224
S&T Bancorp, Inc.		954		24,146
Cohen & Steers, Inc.		602		24,116
Alexander's, Inc.		73		24,090
Tompkins Financial Corp.		468		24,051
Forestar Group, Inc.*		1,112		23,652
Safety Insurance Group, Inc.		418		23,533
Oritani Financial Corp.		1,465		23,513
City Holding Co.		500		23,165
Summit Hotel Properties, Inc.		2,570		23,130
Golub Capital BDC, Inc.		1,199		22,913
ICG Group, Inc.*		1,229		22,896
Sandy Spring Bancorp, Inc.		800		22,552
Hanmi Financial Corp.		1,022		22,372
BlackRock Kelso Capital Corp.		2,391		22,308
Stewart Information Services Corp.		687		22,169
Berkshire Hills Bancorp, Inc.		810		22,089
First Potomac Realty Trust		1,893		22,016
Eagle Bancorp, Inc.*		718		21,992
Wilshire Bancorp, Inc.		1,999		21,849
TrustCo Bank Corp. NY		3,031		21,763
Brookline Bancorp, Inc.		2,257		21,599
CoreSite Realty Corp.		667		21,471
Navigators Group, Inc.*		339		21,411
FXCM, Inc. — Class A		1,175		20,962
Green Dot Corp. — Class A*		830		20,875
Piper Jaffray Cos.*		523		20,685
Community Trust Bancorp, Inc.		456		20,593
Lakeland Financial Corp.		527		20,553
Flushing Financial Corp.		990		20,493
New Mountain Finance Corp.		1,355		20,379
RAIT Financial Trust		2,251		20,191
Simmons First National Corp. — Class A		532		19,764
Anworth Mortgage Asset Corp.		4,664		19,635
Campus Crest Communities, Inc.		2,075		19,526
Kite Realty Group Trust		2,949		19,375

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Financials - 15.8% (continued)
Apollo Commercial Real Estate Finance, Inc.		1,192	$	19,370
WSFS Financial Corp.		249		19,305
EZCORP, Inc. — Class A*		1,643		19,207
United Fire Group, Inc.		663		19,002
Select Income REIT		710		18,985
Bancorp, Inc.*		1,058		18,949
State Bank Financial Corp.		1,031		18,754
Capital Bank Financial Corp. — Class A*		804		18,291
THL Credit, Inc.		1,090		17,974
Medley Capital Corp.		1,294		17,922
StellarOne Corp.		736		17,716
Excel Trust, Inc.		1,544		17,586
Maiden Holdings Ltd.		1,606		17,554
Cardinal Financial Corp.		973		17,514
TICC Capital Corp.		1,689		17,464
Chatham Lodging Trust		852		17,423
Dime Community Bancshares, Inc.		1,023		17,309
Washington Trust Bancorp, Inc.		465		17,307
GAMCO Investors, Inc. — Class A		196		17,046
PICO Holdings, Inc.*		731		16,893
National Western Life Insurance Co. — Class A		75		16,766
TCP Capital Corp.		986		16,545
Ashford Hospitality Trust, Inc.		1,981		16,403
Tejon Ranch Co.*		444		16,321
Ameris Bancorp*		771		16,276
HCI Group, Inc.		303		16,211
Union First Market Bankshares Corp.		652		16,176
First Interstate Bancsystem, Inc. — Class A		568		16,114
Rouse Properties, Inc.		720		15,977
Southside Bancshares, Inc.		579		15,830
1st Source Corp.		489		15,619
Universal Health Realty Income Trust		386		15,463
Apollo Residential Mortgage, Inc.		1,028		15,194
Getty Realty Corp.		826		15,174
Capital Southwest Corp.		434		15,134
Third Point Reinsurance Ltd.*		816		15,120
NewStar Financial, Inc.*		849		15,087
DFC Global Corp.*		1,301		14,896
Urstadt Biddle Properties, Inc. — Class A		803		14,815
Taylor Capital Group, Inc.*		554		14,725
Virginia Commerce Bancorp, Inc.*		866		14,713
Trico Bancshares		517		14,667
Cedar Realty Trust, Inc.		2,333		14,605
SY Bancorp, Inc.		455		14,524
First BanCorp*		2,320		14,361
New York Mortgage Trust, Inc.		2,052		14,343
Lakeland Bancorp, Inc.		1,150		14,226
Terreno Realty Corp.		801		14,178
Central Pacific Financial Corp.		705		14,156
Dynex Capital, Inc.		1,767		14,136
AG Mortgage Investment Trust, Inc.		896		14,013
Westwood Holdings Group, Inc.		224		13,868
CyrusOne, Inc.		616		13,755
Heartland Financial USA, Inc.		476		13,704
CoBiz Financial, Inc.		1,144		13,682
Arlington Asset Investment Corp. — Class A		516		13,617
Safeguard Scientifics, Inc.*		677		13,601
First Busey Corp.		2,335		13,543
First Financial Corp.		363		13,271
Customers Bancorp, Inc.*		645		13,197
Bryn Mawr Bank Corp.		434		13,098
TowneBank		847		13,035
BancFirst Corp.		232		13,006
FBL Financial Group, Inc. — Class A		287		12,855
Rockville Financial, Inc.		888		12,618
Flagstar Bancorp, Inc.*		640		12,557
Agree Realty Corp.		431		12,508
Monmouth Real Estate Investment Corp. — Class A		1,365		12,408
Cowen Group, Inc. — Class A*		3,143		12,289
Citizens, Inc.*		1,402		12,268
Universal Insurance Holdings, Inc.		838		12,134
Saul Centers, Inc.		253		12,076
United Financial Bancorp, Inc.		637		12,033
Enterprise Financial Services Corp.		587		11,987
MainSource Financial Group, Inc.		658		11,864
Phoenix Companies, Inc.*		191		11,727
Western Asset Mortgage Capital Corp.		780		11,606
German American Bancorp, Inc.		404		11,514
OneBeacon Insurance Group Ltd. — Class A		726		11,485
Winthrop Realty Trust		1,029		11,370
Diamond Hill Investment Group, Inc.		96		11,361
Beneficial Mutual Bancorp, Inc.*		1,033		11,280
Federal Agricultural Mortgage Corp. — Class C		328		11,234
Meadowbrook Insurance Group, Inc.		1,612		11,220
Univest Corporation of Pennsylvania		536		11,084
First of Long Island Corp.		257		11,018
Financial Institutions, Inc.		445		10,996
Gramercy Property Trust, Inc.*		1,910		10,983
Hudson Valley Holding Corp.		527		10,724
AmREIT, Inc. — Class B		637		10,702
HomeTrust Bancshares, Inc.*		669		10,697
First Bancorp		637		10,587
Camden National Corp.		250		10,555
Bank Mutual Corp.		1,498		10,501
Ladenburg Thalmann Financial Services, Inc.*		3,318		10,385
State Auto Financial Corp.		485		10,301

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Financials - 15.8% (continued)
Park Sterling Corp.		1,441	$	10,289
Great Southern Bancorp, Inc.		334		10,157
BNC Bancorp		590		10,113
MCG Capital Corp.		2,298		10,111
Southwest Bancorp, Inc.*		630		10,030
Metro Bancorp, Inc.*		460		9,908
Centerstate Banks, Inc.		965		9,795
MVC Capital, Inc.		725		9,788
First Community Bancshares, Inc.		581		9,703
Fidus Investment Corp.		444		9,653
Bridge Bancorp, Inc.		357		9,282
Whitestone REIT — Class B		685		9,158
Pacific Continental Corp.		574		9,150
Ares Commercial Real Estate Corp.		690		9,039
Arrow Financial Corp.		340		9,030
Aviv REIT, Inc.		374		8,864
Washington Banking Co.		498		8,830
First Connecticut Bancorp, Inc.		547		8,818
GFI Group, Inc.		2,243		8,770
CNB Financial Corp.		460		8,740
Walker & Dunlop, Inc.*		531		8,586
Medallion Financial Corp.		598		8,581
International. FCStone, Inc.*		459		8,510
Pacific Premier Bancorp, Inc.*		540		8,500
HomeStreet, Inc.		420		8,400
Heritage Financial Corp.		485		8,298
National Bankshares, Inc.		224		8,263
Citizens & Northern Corp.		394		8,128
Baldwin & Lyons, Inc. — Class B		297		8,114
Gladstone Commercial Corp.		451		8,104
First Defiance Financial Corp.		312		8,103
Territorial Bancorp, Inc.		346		8,027
OmniAmerican Bancorp, Inc.*		372		7,953
Oppenheimer Holdings, Inc. — Class A		320		7,930
Charter Financial Corp.		731		7,873
Yadkin Financial Corp.*		462		7,872
Suffolk Bancorp*		377		7,842
Silver Bay Realty Trust Corp.		490		7,835
Meta Financial Group, Inc.		194		7,824
Penns Woods Bancorp, Inc.		153		7,803
Crawford & Co. — Class B		842		7,780
Peoples Bancorp, Inc.		345		7,766
Fidelity Southern Corp.		466		7,740
Manning & Napier, Inc. — Class A		437		7,713
Republic Bancorp, Inc. — Class A		314		7,706
MetroCorp Bancshares, Inc.		509		7,671
One Liberty Properties, Inc.		381		7,670
American Residential Properties, Inc.*		445		7,636
Preferred Bank/Los Angeles CA*		380		7,619
OceanFirst Financial Corp.		442		7,571
FBR & Co.*		287		7,571
GSV Capital Corp.*		625		7,556
Bank of Marin Bancorp		174		7,550
Calamos Asset Management, Inc. — Class A		635		7,518
KCAP Financial, Inc.		912		7,360
1st United Bancorp, Inc.		963		7,328
West Bancorporation, Inc.		460		7,277
Bank of Kentucky Financial Corp.		197		7,269
Rexford Industrial Realty, Inc.		546		7,207
Ashford Hospitality Prime, Inc.		396		7,207
PennyMac Financial Services, Inc. — Class A*		408		7,160
Horizon Bancorp		279		7,067
Banc of California, Inc.		527		7,067
Center Bancorp, Inc.		375		7,035
Home Federal Bancorp, Inc.		471		7,018
Consolidated-Tomoka Land Co.		192		6,968
Gladstone Investment Corp.		852		6,867
Fox Chase Bancorp, Inc.		393		6,830
Solar Senior Capital Ltd.		374		6,814
Tree.com, Inc.*		207		6,798
Ames National Corp.		303		6,784
Franklin Financial Corp.*		342		6,765
Global Indemnity plc — Class A*		267		6,755
American National Bankshares, Inc.		256		6,720
Guaranty Bancorp		478		6,716
Marlin Business Services Corp.		266		6,703
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		474		6,617
Gladstone Capital Corp.		676		6,490
PennantPark Floating Rate Capital Ltd.		470		6,453
Sierra Bancorp		396		6,372
Bridge Capital Holdings*		309		6,347
Firsthand Technology Value Fund, Inc.		273		6,325
Kansas City Life Insurance Co.		132		6,302
Tower Group International Ltd.		1,848		6,246
BankFinancial Corp.		680		6,229
JAVELIN Mortgage Investment Corp.		440		6,129
NewBridge Bancorp*		817		6,128
Independent Bank Group, Inc.		122		6,059
Meridian Interstate Bancorp, Inc.*		268		6,051
Mercantile Bank Corp.		279		6,021
Merchants Bancshares, Inc.		179		5,997
MidWestOne Financial Group, Inc.		219		5,957
ESB Financial Corp.		418		5,936
Regional Management Corp.*		172		5,836
Seacoast Banking Corporation of Florida*		472		5,758
Stellus Capital Investment Corp.		385		5,756
Armada Hoffler Properties, Inc.		615		5,707
United Community Financial Corp.*		1,594		5,691
SWS Group, Inc.*		932		5,667
Heritage Commerce Corp.		674		5,554
AV Homes, Inc.*		304		5,524
Peapack Gladstone Financial Corp.		288		5,501
Northrim BanCorp, Inc.		208		5,458
Consumer Portfolio Services, Inc.*		580		5,446
First Bancorp, Inc.		310		5,400

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Financials - 15.8% (continued)
Kearny Financial Corp.*		462	$	5,373
CU Bancorp*		301		5,261
Nicholas Financial, Inc.		332		5,226
Farmers Capital Bank Corp.*		240		5,220
Bar Harbor Bankshares		129		5,159
First Financial Northwest, Inc.		491		5,092
NGP Capital Resources Co.		681		5,087
Eastern Insurance Holdings, Inc.		207		5,069
Enterprise Bancorp, Inc.		231		4,890
National Interstate Corp.		211		4,853
Heritage Oaks Bancorp*		647		4,853
Physicians Realty Trust		375		4,778
MidSouth Bancorp, Inc.		267		4,769
Capital City Bank Group, Inc.*		403		4,743
C&F Financial Corp.		102		4,658
First Security Group, Inc.*		2,007		4,616
Sun Bancorp, Inc.*		1,305		4,594
UMH Properties, Inc.		483		4,550
Provident Financial Holdings, Inc.		299		4,485
EMC Insurance Group, Inc.		143		4,379
Intervest Bancshares Corp. — Class A*		578		4,341
Westfield Financial, Inc.		581		4,334
CommunityOne Bancorp*		337		4,297
Pzena Investment Management, Inc. — Class A		363		4,269
First NBC Bank Holding Co.*		130		4,199
NASB Financial, Inc.		137		4,137
Chemung Financial Corp.		120		4,100
Hallmark Financial Services, Inc.*		459		4,078
Home Bancorp, Inc.*		208		3,921
Horizon Technology Finance Corp.		270		3,837
Macatawa Bank Corp.*		763		3,815
Donegal Group, Inc. — Class A		237		3,768
JMP Group, Inc.		502		3,715
Resource America, Inc. — Class A		395		3,697
Imperial Holdings, Inc.*		560		3,662
BBX Capital Corp. — Class A*		234		3,650
Access National Corp.		240		3,588
LCNB Corp.		200		3,574
Century Bancorp, Inc. — Class A		106		3,525
Clifton Savings Bancorp, Inc.		274		3,507
Independence Holding Co.		259		3,494
Investors Title Co.		43		3,482
Doral Financial Corp.*		213		3,336
ESSA Bancorp, Inc.		288		3,329
WhiteHorse Finance, Inc.		220		3,324
Hingham Institution for Savings		42		3,297
Ellington Residential Mortgage REIT		210		3,230
Silvercrest Asset Management Group, Inc. — Class A		182		3,103
Middleburg Financial Corp.		168		3,031
ZAIS Financial Corp.		184		2,950
Garrison Capital, Inc.		195		2,707
Gain Capital Holdings, Inc.		358		2,689
Waterstone Financial, Inc.*		233		2,586
Tristate Capital Holdings, Inc.*		210		2,491
ConnectOne Bancorp, Inc.*		60		2,378
First Marblehead Corp.*		290		2,143
VantageSouth Bancshares, Inc.*		390		2,055
Hampton Roads Bankshares, Inc.*		1,090		1,908
Palmetto Bancshares, Inc.*		145		1,879
CIFC Corp.		224		1,743
Fortegra Financial Corp.*		208		1,720
Health Insurance Innovations, Inc. — Class A*		145		1,466
RCS Capital Corp. — Class A		65		1,193
California First National Bancorp		74		1,117
Cascade Bancorp*		198		1,036
First Federal Bancshares of Arkansas, Inc.*		99		861
Total Financials				12,054,758
Information Technology - 12.5%
CoStar Group, Inc.*		924		170,552
Ultimate Software Group, Inc.*		894		136,978
PTC, Inc.*		3,851		136,287
Aspen Technology, Inc.*		3,018		126,152
WEX, Inc.*		1,251		123,886
FEI Co.		1,340		119,741
SunEdison, Inc.*		8,583		112,008
CommVault Systems, Inc.*		1,493		111,797
Cognex Corp.		2,798		106,829
Tyler Technologies, Inc.*		1,011		103,253
Belden, Inc.		1,423		100,250
MAXIMUS, Inc.		2,201		96,821
ARRIS Group, Inc.*		3,755		91,490
Acxiom Corp.*		2,378		87,938
ACI Worldwide, Inc.*		1,284		83,460
SS&C Technologies Holdings, Inc.*		1,877		83,076
ViaSat, Inc.*		1,276		79,941
Ciena Corp.*		3,266		78,155
Anixter International, Inc.		869		78,071
Guidewire Software, Inc.*		1,574		77,236
Euronet Worldwide, Inc.*		1,609		76,991
Microsemi Corp.*		2,989		74,576
Qlik Technologies, Inc.*		2,800		74,564
j2 Global, Inc.		1,477		73,865
Mentor Graphics Corp.		3,068		73,847
Manhattan Associates, Inc.*		627		73,660
Verint Systems, Inc.*		1,701		73,041
Fair Isaac Corp.		1,152		72,392
Finisar Corp.*		3,008		71,951
Convergys Corp.		3,383		71,212
Cornerstone OnDemand, Inc.*		1,299		69,289
Dealertrack Technologies, Inc.*		1,404		67,504
Littelfuse, Inc.		714		66,352
Yelp, Inc. — Class A*		960		66,192
Aruba Networks, Inc.*		3,675		65,783
Plantronics, Inc.		1,392		64,658
Cardtronics, Inc.*		1,449		62,959
Hittite Microwave Corp.*		1,017		62,779
Sapient Corp.*		3,559		61,784
Zillow, Inc. — Class A*		755		61,706
VistaPrint N.V.*		1,055		59,977
Coherent, Inc.*		789		58,694

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Information Technology - 12.5% (continued)
OpenTable, Inc.*		738	$	58,575
Heartland Payment Systems, Inc.		1,172		58,412
International Rectifier Corp.*		2,237		58,319
Electronics for Imaging, Inc.*		1,500		58,095
SYNNEX Corp.*		855		57,627
ValueClick, Inc.*		2,452		57,303
Cavium, Inc.*		1,654		57,080
Blackbaud, Inc.		1,475		55,534
Semtech Corp.*		2,174		54,959
CACI International, Inc. — Class A*		747		54,695
Synaptics, Inc.*		1,049		54,349
TiVo, Inc.*		4,080		53,530
Infoblox, Inc.*		1,609		53,129
Itron, Inc.*		1,274		52,782
Entegris, Inc.*		4,492		52,107
Power Integrations, Inc.		930		51,913
NIC, Inc.		2,086		51,879
ADTRAN, Inc.		1,905		51,454
MKS Instruments, Inc.		1,710		51,197
Cypress Semiconductor Corp.		4,732		49,686
Unisys Corp.*		1,419		47,636
Plexus Corp.*		1,097		47,489
Intersil Corp. — Class A		4,098		47,004
RF Micro Devices, Inc.*		9,056		46,729
Take-Two Interactive Software, Inc.*		2,607		45,283
iGATE Corp.*		1,122		45,060
Syntel, Inc.		493		44,838
Sanmina Corp.*		2,669		44,572
Universal Display Corp.*		1,295		44,496
Bottomline Technologies de, Inc.*		1,221		44,151
TriQuint Semiconductor, Inc.*		5,262		43,885
Integrated Device Technology, Inc.*		4,243		43,236
Progress Software Corp.*		1,671		43,162
Web.com Group, Inc.*		1,346		42,789
PMC - Sierra, Inc.*		6,575		42,277
Cirrus Logic, Inc.*		2,039		41,657
Veeco Instruments, Inc.*		1,258		41,401
WebMD Health Corp. — Class A*		1,040		41,080
Monolithic Power Systems, Inc.*		1,180		40,899
Methode Electronics, Inc.		1,196		40,891
NETGEAR, Inc.*		1,240		40,846
Benchmark Electronics, Inc.*		1,749		40,367
SunPower Corp. — Class A*		1,327		39,558
Monotype Imaging Holdings, Inc.		1,229		39,156
InterDigital, Inc.		1,324		39,045
Blucora, Inc.*		1,320		38,491
ScanSource, Inc.*		894		37,932
InvenSense, Inc. — Class A*		1,825		37,924
Advent Software, Inc.		1,056		36,949
Infinera Corp.*		3,731		36,489
MTS Systems Corp.		509		36,266
MicroStrategy, Inc. — Class A*		288		35,781
Cray, Inc.*		1,280		35,150
RealPage, Inc.*,1		1,500		35,070
NetScout Systems, Inc.*		1,171		34,650
Cabot Microelectronics Corp.*		748		34,184
OSI Systems, Inc.*		642		34,097
Rambus, Inc.*		3,595		34,045
QLogic Corp.*		2,870		33,952
Interactive Intelligence Group, Inc.*		501		33,747
Rogers Corp.*		547		33,641
Tessera Technologies, Inc.		1,704		33,586
GT Advanced Technologies, Inc.*		3,848		33,555
Demandware, Inc.*		520		33,342
comScore, Inc.*		1,152		32,959
Responsys, Inc.*		1,181		32,371
CSG Systems International, Inc.		1,089		32,017
FARO Technologies, Inc.*		548		31,948
SPS Commerce, Inc.*		488		31,866
Insight Enterprises, Inc.*		1,400		31,794
CalAmp Corp.*		1,130		31,606
Trulia, Inc.*		895		31,567
Applied Micro Circuits Corp.*		2,359		31,563
ATMI, Inc.*		1,032		31,177
Imperva, Inc.*		646		31,092
Constant Contact, Inc.*		987		30,666
Measurement Specialties, Inc.*		498		30,224
OmniVision Technologies, Inc.*		1,735		29,842
Envestnet, Inc.*		729		29,379
Synchronoss Technologies, Inc.*		940		29,206
Advanced Energy Industries, Inc.*		1,267		28,964
PROS Holdings, Inc.*		725		28,928
ExlService Holdings, Inc.*		1,047		28,918
Comverse, Inc.*		720		27,936
Pegasystems, Inc.		565		27,787
Sykes Enterprises, Inc.*		1,264		27,568
Diodes, Inc.*		1,159		27,306
Monster Worldwide, Inc.*		3,755		26,773
Bankrate, Inc.*		1,487		26,677
VirnetX Holding Corp.*,1		1,360		26,398
LivePerson, Inc.*		1,779		26,365
LogMeIn, Inc.*		784		26,303
Ultratech, Inc.*		898		26,042
Perficient, Inc.*		1,082		25,340
Badger Meter, Inc.		463		25,234
Virtusa Corp.*		655		24,949
BroadSoft, Inc.*		904		24,715
Rofin-Sinar Technologies, Inc.*		914		24,696
EPAM Systems, Inc.*		700		24,458
Ixia*		1,819		24,211
Harmonic, Inc.*		3,268		24,118
EVERTEC, Inc.		950		23,427
Proofpoint, Inc.*		703		23,319
ManTech International Corp. — Class A		770		23,046
Newport Corp.*		1,259		22,750
Ellie Mae, Inc.*		845		22,705
Cass Information Systems, Inc.		337		22,697
FleetMatics Group plc*		524		22,663
Brooks Automation, Inc.		2,144		22,491
Sonus Networks, Inc.*		6,944		21,874
Fusion-io, Inc.*		2,453		21,856
CTS Corp.		1,082		21,543
Global Cash Access Holdings, Inc.*		2,128		21,259

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Information Technology - 12.5% (continued)
Spansion, Inc. — Class A*		1,525	$	21,182
Digital River, Inc.*		1,141		21,109
Extreme Networks, Inc.*		2,999		20,993
Emulex Corp.*		2,926		20,950
Checkpoint Systems, Inc.*		1,326		20,911
PDF Solutions, Inc.*		812		20,803
SciQuest, Inc.*		729		20,762
Angie's List, Inc.*		1,364		20,665
Lattice Semiconductor Corp.*		3,722		20,508
Move, Inc.*		1,282		20,499
Ambarella, Inc.*		592		20,087
Shutterstock, Inc.*		240		20,071
Ruckus Wireless, Inc.*		1,400		19,880
Park Electrochemical Corp.		668		19,185
Fabrinet*		909		18,689
Ubiquiti Networks, Inc.*		406		18,660
Daktronics, Inc.		1,177		18,455
Liquidity Services, Inc.*		805		18,241
Tangoe, Inc.*		995		17,920
Photronics, Inc.*		1,962		17,717
Stamps.com, Inc.*		420		17,682
ShoreTel, Inc.*		1,899		17,623
Super Micro Computer, Inc.*		1,025		17,589
Accelrys, Inc.*		1,801		17,182
Comtech Telecommunications Corp.		544		17,147
EarthLink Holdings Corp.*		3,318		16,822
Callidus Software, Inc.*		1,215		16,682
ServiceSource International, Inc.*		1,971		16,517
Epiq Systems, Inc.		1,016		16,469
Forrester Research, Inc.		408		15,610
Black Box Corp.		518		15,436
TeleTech Holdings, Inc.*		638		15,274
Silicon Image, Inc.*		2,483		15,270
IntraLinks Holdings, Inc.*		1,232		14,920
Micrel, Inc.		1,499		14,795
Ebix, Inc.		1,005		14,794
TTM Technologies, Inc.*		1,705		14,629
Silicon Graphics International Corp.*		1,089		14,603
Exar Corp.*		1,228		14,478
MoneyGram International, Inc.*		693		14,401
Jive Software, Inc.*		1,272		14,310
Nanometrics, Inc.*		744		14,173
DTS, Inc.*		586		14,052
Amkor Technology, Inc.*		2,264		13,878
Entropic Communications, Inc.*		2,885		13,588
AVG Technologies N.V.*		773		13,303
Internap Network Services Corp.*		1,727		12,987
Parkervision, Inc.*		2,850		12,968
XO Group, Inc.*		864		12,839
Seachange International, Inc.*		1,054		12,817
Brightcove, Inc.*		903		12,768
Calix, Inc.*		1,291		12,445
Rudolph Technologies, Inc.*		1,048		12,304
Bazaarvoice, Inc.*		1,553		12,300
LTX-Credence Corp.*		1,532		12,241
Actuate Corp.*		1,526		11,765
E2open, Inc.*		480		11,477
Mercury Systems, Inc.*		1,044		11,432
Oplink Communications, Inc.*		609		11,327
Electro Rent Corp.		609		11,279
Lionbridge Technologies, Inc.*		1,877		11,187
RealD, Inc.*		1,301		11,111
Qualys, Inc.*		477		11,023
GSI Group, Inc.*		977		10,981
Integrated Silicon Solution, Inc.*		905		10,941
Inphi Corp.*		838		10,810
Ceva, Inc.*		709		10,791
Anaren, Inc.*		378		10,580
FormFactor, Inc.*		1,742		10,487
Global Eagle Entertainment, Inc.*		692		10,290
Digi International, Inc.*		832		10,084
IXYS Corp.		775		10,052
CIBER, Inc.*		2,404		9,953
Procera Networks, Inc.*		661		9,928
Higher One Holdings, Inc.*		1,012		9,877
PLX Technology, Inc.*		1,466		9,646
Computer Task Group, Inc.		502		9,488
Dice Holdings, Inc.*		1,308		9,483
Blackhawk Network Holdings, Inc.*		374		9,447
Immersion Corp.*		900		9,342
Zix Corp.*		1,989		9,070
Kopin Corp.*		2,134		9,005
NVE Corp.*		153		8,917
Gogo, Inc.*		355		8,808
QuinStreet, Inc.*		1,005		8,733
Axcelis Technologies, Inc.*		3,485		8,503
Cohu, Inc.		801		8,411
MoSys, Inc.*		1,517		8,374
Millennial Media, Inc.*		1,135		8,251
Quantum Corp.*		6,841		8,209
KEMET Corp.*		1,450		8,178
Avid Technology, Inc.*		1,002		8,166
Marketo, Inc.*		220		8,155
ChannelAdvisor Corp.*		195		8,133
Glu Mobile, Inc.*		2,066		8,037
Electro Scientific Industries, Inc.		768		8,033
Zygo Corp.*		541		7,996
Supertex, Inc.*		319		7,991
MaxLinear, Inc. — Class A*		744		7,760
Ultra Clean Holdings, Inc.*		768		7,703
American Software, Inc. — Class A		777		7,669
Cvent, Inc.*		206		7,496
PC Connection, Inc.		298		7,405
Maxwell Technologies, Inc.*		943		7,327
Tessco Technologies, Inc.		178		7,177
VASCO Data Security International, Inc.*		928		7,173
Xoom Corp.*		260		7,116
ePlus, Inc.*		125		7,105
Gigamon, Inc.*		250		7,020
Mesa Laboratories, Inc.		88		6,915
Vocus, Inc.*		605		6,891
ModusLink Global Solutions, Inc.*		1,192		6,830

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Information Technology - 12.5% (continued)
Bel Fuse, Inc. — Class B		319	$	6,798
Speed Commerce, Inc.*		1,450		6,772
Datalink Corp.*		619		6,747
Demand Media, Inc.*		1,165		6,722
Pericom Semiconductor Corp.*		740		6,556
KVH Industries, Inc.*		499		6,502
Vringo, Inc.*		2,164		6,405
Agilysys, Inc.*		459		6,389
Marchex, Inc. — Class B		732		6,332
Peregrine Semiconductor Corp.*		850		6,299
PRGX Global, Inc.*		926		6,223
DSP Group, Inc.*		635		6,166
support.com, Inc.*		1,616		6,125
Vishay Precision Group, Inc.*		399		5,941
Luxoft Holding, Inc.*		156		5,925
Numerex Corp. — Class A*		451		5,840
Westell Technologies, Inc. — Class A*		1,437		5,820
United Online, Inc.		422		5,807
M/A-COM Technology Solutions Holdings, Inc.*		338		5,743
PC-Telephone, Inc.		600		5,742
Rubicon Technology, Inc.*		574		5,711
Alliance Fiber Optic Products, Inc.		370		5,569
Neonode, Inc.*		880		5,562
RealNetworks, Inc.*		723		5,459
Textura Corp.*		182		5,449
Guidance Software, Inc.*		537		5,424
Travelzoo, Inc.*		252		5,373
Hackett Group, Inc.		832		5,167
Reis, Inc.*		267		5,134
Imation Corp.*		1,097		5,134
ANADIGICS, Inc.*		2,649		4,874
Mitek Systems, Inc.*		805		4,782
Carbonite, Inc.*		395		4,673
Sigma Designs, Inc.*		984		4,644
Rosetta Stone, Inc.*		377		4,607
NeoPhotonics Corp.*		651		4,596
Aviat Networks, Inc.*		1,972		4,457
Unwired Planet, Inc.*		3,181		4,390
GSI Technology, Inc.*		658		4,369
eGain Corp.*		420		4,301
Alpha & Omega Semiconductor Ltd.*		556		4,287
Rally Software Development Corp.*		220		4,279
Richardson Electronics Ltd.		369		4,192
Sapiens International Corporation N.V.		542		4,179
Aeroflex Holding Corp.*		630		4,095
Silver Spring Networks, Inc.*		190		3,990
Multi-Fineline Electronix, Inc.*		281		3,903
Digimarc Corp.		198		3,813
Planet Payment, Inc.*		1,367		3,800
Telenav, Inc.*		571		3,763
Audience, Inc.*		308		3,585
TeleCommunication Systems, Inc. — Class A*		1,530		3,550
Spark Networks, Inc.*		568		3,499
Limelight Networks, Inc.*		1,725		3,416
QAD, Inc. — Class A		193		3,408
Uni-Pixel, Inc.*		330		3,303
TechTarget, Inc.*		457		3,135
Model N, Inc.*		263		3,101
Marin Software, Inc.*		301		3,082
Intermolecular, Inc.*		555		2,731
Control4 Corp.*		146		2,584
Hutchinson Technology, Inc.*		755		2,416
Radisys Corp.*		753		1,724
Viasystems Group, Inc.*		122		1,669
Tremor Video, Inc.*		246		1,427
Cyan, Inc.*		260		1,375
YuMe, Inc.*		166		1,237
Net Element, Inc.*		71		310
Total Information Technology				9,507,176
Industrials - 10.2%
Acuity Brands, Inc.		1,381		150,970
Middleby Corp.*		608		145,901
HEICO Corp.		2,135		123,722
Teledyne Technologies, Inc.*		1,204		110,599
EnerSys, Inc.		1,555		108,990
CLARCOR, Inc.		1,601		103,023
Esterline Technologies Corp.*		1,008		102,776
Woodward, Inc.		2,213		100,935
Moog, Inc. — Class A*		1,456		98,921
DigitalGlobe, Inc.*		2,399		98,719
Generac Holdings, Inc.		1,663		94,192
Curtiss-Wright Corp.		1,510		93,967
Chart Industries, Inc.*		973		93,057
EMCOR Group, Inc.		2,159		91,627
Spirit Airlines, Inc.*		1,939		88,051
Actuant Corp. — Class A		2,354		86,251
Deluxe Corp.		1,637		85,435
Corporate Executive Board Co.		1,083		83,858
Watsco, Inc.		824		79,154
Advisory Board Co.*		1,145		72,902
USG Corp.*		2,469		70,069
Franklin Electric Company, Inc.		1,528		68,210
Applied Industrial Technologies, Inc.		1,358		66,665
Barnes Group, Inc.		1,731		66,315
JetBlue Airways Corp.*		7,485		63,997
Beacon Roofing Supply, Inc.*		1,573		63,361
MasTec, Inc.*		1,917		62,724
Healthcare Services Group, Inc.		2,200		62,413
TAL International Group, Inc.		1,086		62,282
United Stationers, Inc.		1,309		60,071
Swift Transportation Co. — Class A*		2,699		59,944
Tetra Tech, Inc.*		2,088		58,423
Polypore International, Inc.*		1,499		58,311
Trimas Corp.*		1,452		57,920
Mueller Industries, Inc.		907		57,150
Watts Water Technologies, Inc. — Class A		922		57,044
HNI Corp.		1,468		57,002
Herman Miller, Inc.		1,884		55,616
FTI Consulting, Inc.*		1,294		53,235

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Industrials - 10.2% (continued)
Brink's Co.		1,543	$	52,678
RBC Bearings, Inc.*		742		52,497
On Assignment, Inc.*		1,472		51,403
UTI Worldwide, Inc.		2,922		51,311
Allegiant Travel Co. — Class A		485		51,138
Mobile Mini, Inc.*		1,235		50,857
UniFirst Corp.		470		50,290
ABM Industries, Inc.		1,756		50,204
Simpson Manufacturing Company, Inc.		1,309		48,080
Raven Industries, Inc.		1,168		48,052
WageWorks, Inc.*		805		47,849
Hub Group, Inc. — Class A*		1,196		47,696
Huron Consulting Group, Inc.*		760		47,667
Mueller Water Products, Inc. — Class A		5,081		47,609
General Cable Corp.		1,604		47,174
Mine Safety Appliances Co.		917		46,960
Brady Corp. — Class A		1,491		46,117
CIRCOR International, Inc.		567		45,802
Orbital Sciences Corp.*		1,929		44,946
Granite Construction, Inc.		1,254		43,865
Trex Company, Inc.*		550		43,742
Steelcase, Inc. — Class A		2,714		43,044
Forward Air Corp.		969		42,549
Aircastle Ltd.		2,208		42,305
GrafTech International Ltd.*		3,764		42,270
Interface, Inc. — Class A		1,916		42,075
Korn/Ferry International*		1,568		40,956
AZZ, Inc.		821		40,115
Tennant Co.		590		40,008
G&K Services, Inc. — Class A		631		39,267
Proto Labs, Inc.*		551		39,220
EnPro Industries, Inc.*		673		38,798
Werner Enterprises, Inc.		1,477		36,526
Matson, Inc.		1,379		36,005
Encore Wire Corp.		664		35,989
AAR Corp.		1,279		35,825
Primoris Services Corp.		1,138		35,426
GenCorp, Inc.*		1,949		35,121
Knight Transportation, Inc.		1,896		34,773
Kaman Corp.		873		34,684
DXP Enterprises, Inc.*		301		34,675
Atlas Air Worldwide Holdings, Inc.*		832		34,237
Lindsay Corp.1		411		34,009
TrueBlue, Inc.*		1,310		33,772
Briggs & Stratton Corp.		1,547		33,663
Universal Forest Products, Inc.		643		33,526
Cubic Corp.		636		33,492
Apogee Enterprises, Inc.		926		33,253
Rush Enterprises, Inc. — Class A*		1,113		33,000
Exponent, Inc.		426		32,989
Meritor, Inc.*		3,142		32,771
Albany International Corp. — Class A		904		32,481
McGrath RentCorp		811		32,278
Tutor Perini Corp.*		1,197		31,481
Hyster-Yale Materials Handling, Inc.		336		31,301
Navigant Consulting, Inc.*		1,623		31,162
Titan International, Inc.		1,728		31,069
Altra Industrial Motion Corp.		867		29,669
Federal Signal Corp.*		2,015		29,520
Dycom Industries, Inc.*		1,061		29,485
Wesco Aircraft Holdings, Inc.*		1,330		29,154
Heartland Express, Inc.		1,482		29,077
ESCO Technologies, Inc.		848		29,052
AAON, Inc.		908		29,011
II-VI, Inc.*		1,644		28,934
Knoll, Inc.		1,555		28,472
H&E Equipment Services, Inc.*		955		28,297
Sun Hydraulics Corp.		690		28,173
Arkansas Best Corp.		833		28,055
Team, Inc.*		662		28,029
Aegion Corp. — Class A*		1,265		27,691
Textainer Group Holdings Ltd.		682		27,430
John Bean Technologies Corp.		930		27,277
Wabash National Corp.*		2,202		27,195
Rexnord Corp.*		974		26,308
Taser International, Inc.*		1,648		26,170
Insperity, Inc.		719		25,977
Greenbrier Companies, Inc.*		784		25,747
Standex International Corp.		405		25,466
Astec Industries, Inc.		657		25,380
Saia, Inc.*		780		24,999
XPO Logistics, Inc.*		946		24,870
SkyWest, Inc.		1,668		24,736
Astronics Corp.*		484		24,684
ACCO Brands Corp.*		3,653		24,548
Thermon Group Holdings, Inc.*		878		23,996
Quanex Building Products Corp.		1,193		23,765
Comfort Systems USA, Inc.		1,199		23,249
Acacia Research Corp.		1,581		22,988
Blount International, Inc.*		1,584		22,920
US Ecology, Inc.		597		22,202
ICF International, Inc.*		637		22,110
Aceto Corp.		883		22,084
Quad/Graphics, Inc.		801		21,811
Kelly Services, Inc. — Class A		867		21,623
Nortek, Inc.*		289		21,559
Barrett Business Services, Inc.		226		20,959
Gorman-Rupp Co.		613		20,476
Powell Industries, Inc.		293		19,628
Griffon Corp.		1,440		19,022
American Science & Engineering, Inc.		263		18,912
Resources Connection, Inc.		1,313		18,815
Engility Holdings, Inc.*		550		18,370
Gibraltar Industries, Inc.*		984		18,293
Viad Corp.		652		18,113
Kforce, Inc.		868		17,759
RPX Corp.*		1,046		17,677
Great Lakes Dredge & Dock Corp.*		1,917		17,636
West Corp.		683		17,560

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Industrials - 10.2% (continued)
Aerovironment, Inc.*		594	$	17,303
MYR Group, Inc.*		680		17,054
Republic Airways Holdings, Inc.*		1,587		16,965
Columbus McKinnon Corp.*		624		16,935
Roadrunner Transportation Systems, Inc.*		598		16,116
Hawaiian Holdings, Inc.*		1,670		16,082
Kimball International, Inc. — Class B		1,049		15,766
Consolidated Graphics, Inc.*		230		15,511
LB Foster Co. — Class A		323		15,275
Marten Transport Ltd.		752		15,183
Multi-Color Corp.		399		15,058
Ennis, Inc.		844		14,939
Kadant, Inc.		363		14,709
EnerNOC, Inc.*		851		14,646
Park-Ohio Holdings Corp.*		277		14,515
GP Strategies Corp.*		477		14,210
American Railcar Industries, Inc.		306		14,000
Alamo Group, Inc.		228		13,837
KEYW Holding Corp.*		1,024		13,763
Air Transport Services Group, Inc.*		1,672		13,526
Insteel Industries, Inc.		583		13,252
CAI International, Inc.*		558		13,152
SP Plus Corp.*		499		12,994
Furmanite Corp.*		1,206		12,808
National Presto Industries, Inc.		159		12,800
American Woodmark Corp.*		322		12,729
ExOne Co.*		210		12,697
Capstone Turbine Corp.*		9,805		12,648
Argan, Inc.		455		12,540
Celadon Group, Inc.		643		12,526
Echo Global Logistics, Inc.*		577		12,394
Douglas Dynamics, Inc.		718		12,077
PowerSecure International, Inc.*		697		11,967
NCI Building Systems, Inc.*		672		11,787
Heidrick & Struggles International, Inc.		583		11,742
Graham Corp.		318		11,540
Northwest Pipe Co.*		305		11,517
CBIZ, Inc.*		1,228		11,199
InnerWorkings, Inc.*		1,425		11,101
NN, Inc.		549		11,084
Kratos Defense & Security Solutions, Inc.*		1,420		10,906
Layne Christensen Co.*		634		10,829
PGT, Inc.*		1,070		10,828
Global Power Equipment Group, Inc.		553		10,822
Mistras Group, Inc.*		510		10,649
Orion Marine Group, Inc.*		873		10,502
Pendrell Corp.*		5,218		10,488
FreightCar America, Inc.		390		10,382
Builders FirstSource, Inc.*		1,435		10,246
Ducommun, Inc.*		340		10,135
ARC Document Solutions, Inc.*		1,215		9,987
Titan Machinery, Inc.*		553		9,854
Lydall, Inc.*		547		9,638
Dynamic Materials Corp.		442		9,609
Pacer International, Inc.*		1,133		9,359
Sparton Corp.*		334		9,335
CECO Environmental Corp.		566		9,152
Ply Gem Holdings, Inc.*		505		9,105
Pike Corp.*		835		8,826
Patriot Transportation Holding, Inc.*		210		8,717
Quality Distribution, Inc.*		678		8,699
CDI Corp.		458		8,487
Energy Recovery, Inc.*		1,425		7,923
Houston Wire & Cable Co.		581		7,774
Coleman Cable, Inc.		292		7,656
Vicor Corp.*		566		7,596
Performant Financial Corp.*		719		7,406
Casella Waste Systems, Inc. — Class A*		1,243		7,209
FuelCell Energy, Inc.*,1		5,109		7,204
Manitex International, Inc.*		444		7,051
Twin Disc, Inc.		267		6,913
Miller Industries, Inc.		364		6,781
Courier Corp.		371		6,711
VSE Corp.		137		6,577
CRA International, Inc.*		332		6,574
Schawk, Inc. — Class A		436		6,483
Flow International Corp.*		1,564		6,319
Sterling Construction Company, Inc.*		535		6,276
Preformed Line Products Co.		85		6,219
PMFG, Inc.*		679		6,145
Patrick Industries, Inc.*		212		6,133
Ameresco, Inc. — Class A*		634		6,124
LSI Industries, Inc.		700		6,069
YRC Worldwide, Inc.*		344		5,975
Cenveo, Inc.*		1,731		5,955
Heritage-Crystal Clean, Inc.*		289		5,922
Franklin Covey Co.*		291		5,785
Xerium Technologies, Inc.*		350		5,772
Commercial Vehicle Group, Inc.*		776		5,642
Hardinge, Inc.		375		5,426
International Shipholding Corp.		183		5,399
Ampco-Pittsburgh Corp.		276		5,368
Tecumseh Products Co. — Class A*		592		5,358
Universal Truckload Services, Inc.		170		5,187
Hurco Companies, Inc.		206		5,152
Odyssey Marine Exploration, Inc.*		2,544		5,139
LMI Aerospace, Inc.*		337		4,967
Power Solutions International, Inc.*		66		4,957
Accuride Corp.*		1,288		4,804
Stock Building Supply Holdings, Inc.*		255		4,646
Global Brass & Copper Holdings, Inc.		264		4,369
TRC Companies, Inc.*		525		3,749
API Technologies Corp.*		1,038		3,540
Enphase Energy, Inc.*		519		3,290
Revolution Lighting Technologies, Inc.*		952		3,261

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Industrials - 10.2% (continued)
Innovative Solutions & Support, Inc.*		409	$	2,982
Acorn Energy, Inc.		714		2,906
American Superconductor Corp.*		1,577		2,586
Ultrapetrol Bahamas Ltd.*		685		2,562
Erickson Air-Crane, Inc.*		120		2,495
Intersections, Inc.		310		2,415
NL Industries, Inc.		216		2,415
BlueLinx Holdings, Inc.*		1,091		2,127
Omega Flex, Inc.		93		1,903
Swisher Hygiene, Inc.*		3,669		1,886
Compx International, Inc.		34		479
Total Industrials				7,782,851
Consumer Discretionary - 9.6%
Brunswick Corp.		2,912		134,126
Fifth & Pacific Companies, Inc.*		3,861		123,822
Sotheby's		2,199		116,986
Tenneco, Inc.*		1,955		110,594
Wolverine World Wide, Inc.		3,236		109,894
Dana Holding Corp.		4,729		92,783
Lumber Liquidators Holdings, Inc.*		881		90,646
Live Nation Entertainment, Inc.*		4,528		89,474
Buffalo Wild Wings, Inc.*		603		88,761
Vail Resorts, Inc.		1,161		87,341
Pool Corp.		1,502		87,326
Cheesecake Factory, Inc.		1,722		83,121
Men's Wearhouse, Inc.		1,620		82,750
Office Depot, Inc.*		15,462		81,794
Sinclair Broadcast Group, Inc. — Class A		2,204		78,748
Iconix Brand Group, Inc.*		1,838		72,969
Jack in the Box, Inc.*		1,430		71,529
Steven Madden Ltd.*		1,933		70,728
Pier 1 Imports, Inc.		3,055		70,509
Cracker Barrel Old Country Store, Inc.		632		69,564
HSN, Inc.		1,085		67,596
New York Times Co. — Class A		4,160		66,018
Life Time Fitness, Inc.*		1,389		65,283
Ryland Group, Inc.		1,483		64,377
Penske Automotive Group, Inc.		1,361		64,186
Grand Canyon Education, Inc.*		1,466		63,918
Shutterfly, Inc.*		1,220		62,134
Outerwall, Inc.*,1		911		61,282
Meredith Corp.		1,152		59,673
Rent-A-Center, Inc. — Class A		1,724		57,479
Genesco, Inc.*		777		56,768
Conn's, Inc.*		720		56,729
Monro Muffler Brake, Inc.1		1,004		56,586
Hibbett Sports, Inc.*		837		56,255
Meritage Homes Corp.*		1,166		55,956
Texas Roadhouse, Inc. — Class A		2,007		55,795
ANN, Inc.*		1,522		55,644
Asbury Automotive Group, Inc.*		1,002		53,847
Nexstar Broadcasting Group, Inc. — Class A		949		52,888
La-Z-Boy, Inc.		1,685		52,235
Hillenbrand, Inc.		1,771		52,103
Express, Inc.*		2,745		51,249
Vitamin Shoppe, Inc.*		982		51,074
Helen of Troy Ltd.*		1,027		50,846
Group 1 Automotive, Inc.		699		49,643
Lithia Motors, Inc. — Class A		713		49,496
Marriott Vacations Worldwide Corp.*		938		49,489
Jos. A. Bank Clothiers, Inc.*		904		49,476
KB Home		2,696		49,283
Cooper Tire & Rubber Co.		2,039		49,018
Pinnacle Entertainment, Inc.*		1,883		48,939
Buckle, Inc.		905		47,567
Papa John's International, Inc.		1,030		46,762
Orient-Express Hotels Ltd. — Class A*		3,086		46,629
Dorman Products, Inc.*		814		45,641
Five Below, Inc.*		1,052		45,446
Sturm Ruger & Company, Inc.		621		45,389
Crocs, Inc.*		2,841		45,229
Bob Evans Farms, Inc.		894		45,227
Finish Line, Inc. — Class A		1,590		44,790
DineEquity, Inc.		535		44,699
American Axle & Manufacturing Holdings, Inc.*		2,162		44,213
Standard Pacific Corp.*		4,778		43,241
Valassis Communications, Inc.		1,251		42,847
Bloomin' Brands, Inc.*		1,777		42,666
Children's Place Retail Stores, Inc.*		744		42,386
Skechers U.S.A., Inc. — Class A*		1,250		41,413
Krispy Kreme Doughnuts, Inc.*		2,108		40,663
MDC Holdings, Inc.		1,255		40,461
G-III Apparel Group Ltd.*		544		40,142
Churchill Downs, Inc.		446		39,984
Interval Leisure Group, Inc.		1,272		39,305
Brown Shoe Company, Inc.		1,396		39,283
Ascent Capital Group, Inc. — Class A*		454		38,844
Jones Group, Inc.		2,584		38,657
Restoration Hardware Holdings, Inc.*		569		38,294
Matthews International Corp. — Class A		893		38,051
Select Comfort Corp.*		1,795		37,857
Drew Industries, Inc.		737		37,734
Quiksilver, Inc.*		4,273		37,474
National CineMedia, Inc.		1,831		36,547
Sonic Corp.*		1,809		36,524
Tumi Holdings, Inc.*		1,547		34,885
Oxford Industries, Inc.		430		34,688
Loral Space & Communications, Inc.*		420		34,012
Red Robin Gourmet Burgers, Inc.*		453		33,314
Fiesta Restaurant Group, Inc.*		637		33,277
Columbia Sportswear Co.		413		32,524
International Speedway Corp. — Class A		902		32,012

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Consumer Discretionary - 9.6% (continued)
LifeLock, Inc.*		1,950	$	32,000
iRobot Corp.*		906		31,502
MDC Partners, Inc. — Class A		1,215		30,995
Sonic Automotive, Inc. — Class A		1,254		30,698
AFC Enterprises, Inc.*		768		29,568
Multimedia Games Holding Company, Inc.*		935		29,322
Gentherm, Inc.*		1,079		28,928
Scholastic Corp.		850		28,909
Cato Corp. — Class A		886		28,175
Caesars Entertainment Corp.*		1,301		28,024
Core-Mark Holding Company, Inc.		369		28,018
Francesca's Holdings Corp.*		1,414		26,032
Scientific Games Corp. — Class A*		1,536		26,004
CEC Entertainment, Inc.		573		25,372
ITT Educational Services, Inc.*		755		25,353
Boyd Gaming Corp.*		2,236		25,177
Movado Group, Inc.		568		24,998
Winnebago Industries, Inc.*		909		24,952
American Public Education, Inc.*		569		24,734
BJ's Restaurants, Inc.*		795		24,693
Arctic Cat, Inc.		428		24,387
Smith & Wesson Holding Corp.*		1,802		24,309
Ethan Allen Interiors, Inc.		797		24,245
Hovnanian Enterprises, Inc. — Class A*,1		3,643		24,117
Gray Television, Inc.*		1,618		24,076
Capella Education Co.		359		23,852
Steiner Leisure Ltd.*		477		23,464
Standard Motor Products, Inc.		634		23,331
Stage Stores, Inc.		1,050		23,331
Aeropostale, Inc.*		2,523		22,934
Biglari Holdings, Inc.*		44		22,292
Regis Corp.		1,531		22,215
Tuesday Morning Corp.*		1,377		21,977
Fred's, Inc. — Class A		1,185		21,946
EW Scripps Co. — Class A*		1,008		21,894
Cumulus Media, Inc. — Class A*		2,792		21,582
Denny's Corp.*		2,959		21,275
Pep Boys-Manny Moe & Jack*		1,716		20,832
Carmike Cinemas, Inc.*		745		20,741
Haverty Furniture Companies, Inc.		635		19,876
M/I Homes, Inc.*		775		19,724
Beazer Homes USA, Inc.*		805		19,658
FTD Companies, Inc.*		601		19,580
Modine Manufacturing Co.*		1,523		19,525
Barnes & Noble, Inc.*		1,297		19,390
Callaway Golf Co.		2,292		19,322
K12, Inc.*		871		18,944
Blue Nile, Inc.*		400		18,836
Mattress Firm Holding Corp.*		436		18,765
Chuy's Holdings, Inc.*		520		18,730
Universal Electronics, Inc.*		485		18,484
Zumiez, Inc.*		681		17,706
Vera Bradley, Inc.*		702		16,876
Zale Corp.*		1,045		16,480
Ruth's Hospitality Group, Inc.		1,154		16,398
LeapFrog Enterprises, Inc. — Class A*		2,056		16,325
Superior Industries International, Inc.		753		15,534
Cavco Industries, Inc.*		225		15,458
World Wrestling Entertainment, Inc. — Class A		925		15,337
NutriSystem, Inc.		927		15,240
Media General, Inc. — Class A*,1		630		14,238
Libbey, Inc.*		676		14,197
Bright Horizons Family Solutions, Inc.*		385		14,145
Shoe Carnival, Inc.		486		14,099
Ruby Tuesday, Inc.*		1,964		13,611
Journal Communications, Inc. — Class A*		1,418		13,202
Unifi, Inc.*		483		13,157
Destination Maternity Corp.		434		12,968
Rentrak Corp.*		333		12,617
Federal-Mogul Corp.*		631		12,418
MarineMax, Inc.*		749		12,044
Strayer Education, Inc.		347		11,961
Stein Mart, Inc.		889		11,957
Stoneridge, Inc.*		914		11,654
Town Sports International Holdings, Inc.		777		11,469
Overstock.com, Inc.*		362		11,146
America's Car-Mart, Inc.*		262		11,064
Entravision Communications Corp. — Class A		1,778		10,828
Big 5 Sporting Goods Corp.		546		10,822
Harte-Hanks, Inc.		1,382		10,807
PetMed Express, Inc.		649		10,793
Tile Shop Holdings, Inc.*		590		10,661
Kirkland's, Inc.*		449		10,628
Diamond Resorts International, Inc.*		574		10,596
Remy International, Inc.		450		10,494
Bridgepoint Education, Inc.*		587		10,396
Bravo Brio Restaurant Group, Inc.*		635		10,331
Career Education Corp.*		1,775		10,118
VOXX International Corp. — Class A*		601		10,037
Christopher & Banks Corp.*		1,170		9,992
NACCO Industries, Inc. — Class A		160		9,950
Digital Generation, Inc.*		775		9,881
William Lyon Homes — Class A*		444		9,830
Carriage Services, Inc. — Class A		502		9,804
Black Diamond, Inc.*		734		9,784
TRI Pointe Homes, Inc.*		480		9,566
Central European Media Enterprises Ltd. — Class A*		2,463		9,458
Universal Technical Institute, Inc.		679		9,445
Destination XL Group, Inc.*		1,355		8,902
RetailMeNot, Inc.*		307		8,839
ValueVision Media, Inc. — Class A*		1,262		8,821
Citi Trends, Inc.*		496		8,432
Nautilus, Inc.*		996		8,396
RadioShack Corp.*		3,210		8,346
Mac-Gray Corp.		387		8,216

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Consumer Discretionary - 9.6% (continued)
Entercom Communications Corp. — Class A*		774	$	8,135
Del Frisco's Restaurant Group, Inc.*		342		8,061
Saga Communications, Inc. — Class A		159		7,998
Marcus Corp.		595		7,997
Education Management Corp.*		776		7,830
West Marine, Inc.*		550		7,827
Wet Seal, Inc. — Class A*		2,866		7,824
CSS Industries, Inc.		271		7,772
Speedway Motorsports, Inc.		374		7,424
Spartan Motors, Inc.		1,102		7,383
Bon-Ton Stores, Inc.		439		7,147
Sears Hometown and Outlet Stores, Inc.*		280		7,140
Noodles & Co.*		194		6,968
Morgans Hotel Group Co.*		856		6,959
Winmark Corp.		73		6,761
Jamba, Inc.*		537		6,675
McClatchy Co. — Class A*		1,953		6,640
Costa, Inc.*		304		6,606
Fuel Systems Solutions, Inc.*		455		6,311
RG Barry Corp.		326		6,292
Perry Ellis International, Inc.*		394		6,221
Weyco Group, Inc.		210		6,180
Isle of Capri Casinos, Inc.*		681		6,129
bebe stores, Inc.		1,123		5,974
hhgregg, Inc.*		418		5,839
Hooker Furniture Corp.		343		5,721
Fox Factory Holding Corp.*		317		5,586
Monarch Casino & Resort, Inc.*		277		5,562
Orbitz Worldwide, Inc.*		773		5,550
Culp, Inc.		263		5,378
Bassett Furniture Industries, Inc.		348		5,317
Lifetime Brands, Inc.		330		5,191
Daily Journal Corp.*		28		5,180
Carrols Restaurant Group, Inc.*		761		5,030
Luby's, Inc.*		647		4,995
Pacific Sunwear of California, Inc.*		1,490		4,977
Global Sources Ltd.*		605		4,919
Flexsteel Industries, Inc.		159		4,886
Nathan's Famous, Inc.*		91		4,587
Corinthian Colleges, Inc.*		2,557		4,551
AH Belo Corp. — Class A		608		4,542
1-800-Flowers.com, Inc. — Class A*		826		4,469
Johnson Outdoors, Inc. — Class A		160		4,312
Zagg, Inc.*		990		4,307
ReachLocal, Inc.*		334		4,245
Reading International, Inc. — Class A*		564		4,224
Skullcandy, Inc.*		582		4,196
Tower International, Inc.*		194		4,152
JAKKS Pacific, Inc.		616		4,146
WCI Communities, Inc.*		216		4,123
Vitacost.com, Inc.*		705		4,082
New York & Company, Inc.*		925		4,042
Crown Media Holdings, Inc. — Class A*		1,113		3,929
Systemax, Inc.*		349		3,926
Martha Stewart Living Omnimedia, Inc. — Class A*		934		3,923
Lincoln Educational Services Corp.		777		3,869
Shiloh Industries, Inc.*		197		3,842
Dex Media, Inc.*		550		3,729
UCP, Inc. — Class A*		250		3,660
Tilly's, Inc. — Class A*		319		3,653
JTH Holding, Inc. — Class A*		150		3,645
Marine Products Corp.		336		3,377
Hemisphere Media Group, Inc.*		280		3,324
Blyth, Inc.1		305		3,318
Einstein Noah Restaurant Group, Inc.		209		3,031
Ignite Restaurant Group, Inc.*		234		2,925
Salem Communications Corp. — Class A		332		2,888
EveryWare Global, Inc.*		316		2,616
American Apparel, Inc.*		1,865		2,294
Gordmans Stores, Inc.		284		2,178
Body Central Corp.*		528		2,080
Diversified Restaurant Holdings, Inc.*		349		1,665
Trans World Entertainment Corp.*		344		1,520
Beasley Broadcasting Group, Inc. — Class A		138		1,205
Total Consumer Discretionary				7,300,929
Health Care - 9.2%
athenahealth, Inc.*		1,186		159,516
Isis Pharmaceuticals, Inc.*		3,619		144,182
Align Technology, Inc.*		2,358		134,759
Alnylam Pharmaceuticals, Inc.*		1,870		120,298
West Pharmaceutical Services, Inc.		2,232		109,501
ViroPharma, Inc.*		2,101		104,734
Medidata Solutions, Inc.*		1,714		103,817
Centene Corp.*		1,757		103,575
Cepheid, Inc.*		2,165		101,150
Team Health Holdings, Inc.*		2,209		100,621
WellCare Health Plans, Inc.*		1,399		98,518
NPS Pharmaceuticals, Inc.*		3,236		98,245
HealthSouth Corp.		2,812		93,696
STERIS Corp.		1,897		91,152
Questcor Pharmaceuticals, Inc.1		1,667		90,767
PAREXEL International Corp.*		1,834		82,861
DexCom, Inc.*		2,273		80,488
Medicines Co.*		2,033		78,513
Owens & Minor, Inc.		2,038		74,509
Puma Biotechnology, Inc.*		712		73,713
Air Methods Corp.*		1,252		73,030
MWI Veterinary Supply, Inc.*		417		71,136
Haemonetics Corp.*		1,648		69,429
Thoratec Corp.*		1,845		67,527
Aegerion Pharmaceuticals, Inc.*		926		65,709
HMS Holdings Corp.*		2,820		64,099

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Health Care - 9.2% (continued)
Insulet Corp.*		1,725	$	63,998
Celldex Therapeutics, Inc.*		2,609		63,164
Prestige Brands Holdings, Inc.*		1,646		58,927
Cyberonics, Inc.*		893		58,500
Santarus, Inc.*		1,789		57,176
ACADIA Pharmaceuticals, Inc.*		2,262		56,527
Impax Laboratories, Inc.*		2,206		55,459
Acadia Healthcare Company, Inc.*		1,144		54,146
Neogen Corp.*		1,161		53,057
Magellan Health Services, Inc.*		868		52,002
Opko Health, Inc.*,1		6,079		51,307
Pacira Pharmaceuticals, Inc.*		886		50,936
HeartWare International, Inc.*		527		49,517
Amsurg Corp. — Class A*		1,029		47,252
Chemed Corp.		612		46,891
Akorn, Inc.*		1,871		46,083
NuVasive, Inc.*		1,424		46,038
Masimo Corp.*		1,569		45,862
Hanger, Inc.*		1,114		43,825
Halozyme Therapeutics, Inc.*		2,860		42,871
Nektar Therapeutics*		3,722		42,245
Arena Pharmaceuticals, Inc.*,1		7,018		41,055
Synageva BioPharma Corp.*		623		40,321
ImmunoGen, Inc.*		2,723		39,946
Wright Medical Group, Inc.*		1,299		39,892
MedAssets, Inc.*		1,966		38,986
InterMune, Inc.*		2,625		38,666
Volcano Corp.*		1,753		38,303
Acorda Therapeutics, Inc.*		1,303		38,048
PDL BioPharma, Inc.1		4,505		38,022
CONMED Corp.		890		37,825
ArthroCare Corp.*		913		36,739
Exelixis, Inc.*,1		5,916		36,265
Cantel Medical Corp.		1,056		35,809
Globus Medical, Inc. — Class A*		1,762		35,557
Meridian Bioscience, Inc.		1,339		35,524
Endologix, Inc.*		2,020		35,229
Ironwood Pharmaceuticals, Inc. — Class A*		2,996		34,784
Analogic Corp.		390		34,538
Kindred Healthcare, Inc.		1,743		34,407
Keryx Biopharmaceuticals, Inc.*		2,632		34,084
Greatbatch, Inc.*		767		33,932
ABIOMED, Inc.*		1,247		33,345
Auxilium Pharmaceuticals, Inc.*		1,586		32,894
Spectranetics Corp.*		1,296		32,400
IPC The Hospitalist Company, Inc.*		544		32,308
Molina Healthcare, Inc.*		916		31,831
Fluidigm Corp.*		818		31,346
Clovis Oncology, Inc.*		517		31,160
Novavax, Inc.*		5,996		30,700
Integra LifeSciences Holdings Corp.*		640		30,534
Ligand Pharmaceuticals, Inc. — Class B*		570		29,982
Vivus, Inc.*,1		3,245		29,465
Dyax Corp.*		3,898		29,352
ExamWorks Group, Inc.*		977		29,183
Abaxis, Inc.*		712		28,494
Omnicell, Inc.*		1,105		28,211
Emeritus Corp.*		1,295		28,011
Quidel Corp.*,1		905		27,955
Ensign Group, Inc.		631		27,934
Sangamo Biosciences, Inc.*		1,967		27,322
Quality Systems, Inc.		1,283		27,020
Momenta Pharmaceuticals, Inc.*		1,524		26,944
ICU Medical, Inc.*		420		26,758
Exact Sciences Corp.*		2,271		26,548
Raptor Pharmaceutical Corp.*		1,917		24,959
MannKind Corp.*		4,790		24,956
Invacare Corp.		1,035		24,022
MiMedx Group, Inc.*		2,708		23,668
Luminex Corp.*		1,204		23,358
Cardiovascular Systems, Inc.*		679		23,283
Natus Medical, Inc.*		982		22,095
Capital Senior Living Corp.*		919		22,047
Sarepta Therapeutics, Inc.*		1,080		22,000
Computer Programs & Systems, Inc.		354		21,881
AMN Healthcare Services, Inc.*		1,482		21,785
Merit Medical Systems, Inc.*		1,375		21,643
HealthStream, Inc.*		651		21,333
Infinity Pharmaceuticals, Inc.*		1,541		21,281
Accuray, Inc.*		2,392		20,834
PharMerica Corp.*		960		20,640
Emergent Biosolutions, Inc.*		883		20,300
Bio-Reference Labs, Inc.*		792		20,228
Lannett Company, Inc.*		606		20,059
Neurocrine Biosciences, Inc.*		2,146		20,044
Geron Corp.*		4,205		19,932
Affymetrix, Inc.*		2,288		19,608
NxStage Medical, Inc.*		1,928		19,280
Depomed, Inc.*		1,819		19,245
Staar Surgical Co.*		1,187		19,218
Idenix Pharmaceuticals, Inc.*,1		3,210		19,196
Insmed, Inc.*		1,115		18,966
National Healthcare Corp.		351		18,922
Array BioPharma, Inc.*		3,757		18,823
Select Medical Holdings Corp.		1,568		18,204
Spectrum Pharmaceuticals, Inc.*		2,036		18,019
Cadence Pharmaceuticals, Inc.*		1,987		17,982
Corvel Corp.*		372		17,372
Accretive Health, Inc.*		1,893		17,340
Cambrex Corp.*		964		17,188
Orexigen Therapeutics, Inc.*		3,046		17,149
AMAG Pharmaceuticals, Inc.*		696		16,892
Healthways, Inc.*		1,098		16,854
Merrimack Pharmaceuticals, Inc.*		3,114		16,629
Cynosure, Inc. — Class A*		621		16,568
Galena Biopharma, Inc.*,1		3,293		16,333
Landauer, Inc.		310		16,309
Antares Pharma, Inc.*		3,626		16,244
Intercept Pharmaceuticals, Inc.*		236		16,114
Genomic Health, Inc.*		544		15,923
AVANIR Pharmaceuticals, Inc. — Class A*		4,671		15,695
Tornier N.V.*		834		15,671

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Health Care - 9.2% (continued)
Hi-Tech Pharmacal Company, Inc.*		359	$	15,577
GenMark Diagnostics, Inc.*		1,155		15,373
Sagent Pharmaceuticals, Inc.*		605		15,355
Dendreon Corp.*,1		5,078		15,183
XOMA Corp.*		2,236		15,048
Anika Therapeutics, Inc.*		392		14,959
Triple-S Management Corp. — Class B*		765		14,872
Amedisys, Inc.*		1,013		14,820
Synergy Pharmaceuticals, Inc.*		2,599		14,632
Cerus Corp.*		2,249		14,506
TherapeuticsMD, Inc.*		2,780		14,484
Orthofix International N.V.*		631		14,399
KYTHERA Biopharmaceuticals, Inc.*		384		14,304
Atrion Corp.		48		14,220
BioScrip, Inc.*		1,876		13,882
US Physical Therapy, Inc.		393		13,857
Repligen Corp.*		1,012		13,804
Unilife Corp.*		3,134		13,790
Anacor Pharmaceuticals, Inc.*		818		13,726
AngioDynamics, Inc.*		789		13,563
Repros Therapeutics, Inc.*		740		13,542
Vanda Pharmaceuticals, Inc.*		1,067		13,241
Rockwell Medical, Inc.*		1,264		13,196
Lexicon Pharmaceuticals, Inc.*		7,323		13,181
AtriCure, Inc.*		679		12,684
Horizon Pharma, Inc.*		1,662		12,664
Gentiva Health Services, Inc.*		1,009		12,522
Vascular Solutions, Inc.*		533		12,339
TESARO, Inc.*		433		12,228
Symmetry Medical, Inc.*		1,200		12,096
NewLink Genetics Corp.*		549		12,083
Prothena Corporation plc*		454		12,040
Dynavax Technologies Corp.*		5,891		11,546
SurModics, Inc.*		466		11,366
OraSure Technologies, Inc.*		1,788		11,247
Omeros Corp.*		963		10,872
Immunomedics, Inc.*		2,363		10,870
Zeltiq Aesthetics, Inc.*		573		10,835
Vocera Communications, Inc.*		679		10,599
Endocyte, Inc.*		979		10,466
Achillion Pharmaceuticals, Inc.*		3,107		10,315
Progenics Pharmaceuticals, Inc.*		1,922		10,244
CryoLife, Inc.		889		9,859
Chelsea Therapeutics International Ltd.*		2,164		9,587
LHC Group, Inc.*		390		9,376
ZIOPHARM Oncology, Inc.*		2,160		9,374
Universal American Corp.		1,241		9,059
Portola Pharmaceuticals, Inc.*		351		9,038
Intrexon Corp.*		375		8,925
Furiex Pharmaceuticals, Inc.*		212		8,906
TearLab Corp.*		940		8,780
SciClone Pharmaceuticals, Inc.*		1,739		8,765
Providence Service Corp.*		338		8,693
Cross Country Healthcare, Inc.*		870		8,683
Sequenom, Inc.*		3,710		8,681
Almost Family, Inc.*		267		8,632
Osiris Therapeutics, Inc.*		535		8,603
AcelRx Pharmaceuticals, Inc.*		750		8,483
Pacific Biosciences of California, Inc.*		1,541		8,059
XenoPort, Inc.*		1,393		8,010
Rigel Pharmaceuticals, Inc.*		2,810		8,009
Navidea Biopharmaceuticals, Inc.*		3,848		7,965
Zogenix, Inc.*		2,312		7,953
Cempra, Inc.*		640		7,930
Albany Molecular Research, Inc.*		750		7,560
Five Star Quality Care, Inc.*		1,377		7,560
Curis, Inc.*		2,594		7,315
Ampio Pharmaceuticals, Inc.*		1,007		7,180
Exactech, Inc.*		301		7,152
Threshold Pharmaceuticals, Inc.*		1,521		7,103
Pozen, Inc.		868		6,979
Cell Therapeutics, Inc.*		3,632		6,973
Synta Pharmaceuticals Corp.*,1		1,302		6,822
Peregrine Pharmaceuticals, Inc.*		4,885		6,790
Solta Medical, Inc.*		2,285		6,741
Chindex International, Inc.*		379		6,606
Insys Therapeutics, Inc.*		168		6,503
RTI Surgical, Inc.*		1,811		6,411
Verastem, Inc.*		556		6,338
Utah Medical Products, Inc.		107		6,116
National Research Corp. — Class A*		315		5,928
PhotoMedex, Inc.*		450		5,828
Stemline Therapeutics, Inc.*		295		5,782
BioDelivery Sciences International, Inc.*		960		5,654
Cytokinetics, Inc.*		855		5,558
Corcept Therapeutics, Inc.*		1,711		5,509
Receptos, Inc.*		190		5,508
Hyperion Therapeutics, Inc.*		271		5,480
Durata Therapeutics, Inc.*		425		5,436
PTC Therapeutics, Inc.*		312		5,295
Cytori Therapeutics, Inc.*		2,037		5,235
Agios Pharmaceuticals, Inc.*		216		5,173
Tetraphase Pharmaceuticals, Inc.*		370		5,002
Sunesis Pharmaceuticals, Inc.*		1,045		4,953
Merge Healthcare, Inc.*		2,102		4,877
Cutera, Inc.*		477		4,856
Derma Sciences, Inc.*		444		4,804
OncoMed Pharmaceuticals, Inc.*		156		4,605
ChemoCentryx, Inc.*		790		4,574
Bluebird Bio, Inc.*		216		4,532
Accelerate Diagnostics, Inc.*,1		354		4,319
Biotime, Inc.*		1,192		4,291
Sucampo Pharmaceuticals, Inc. — Class A*		441		4,145
Arqule, Inc.*		1,913		4,113
Chimerix, Inc.*		270		4,080
Nanosphere, Inc.*		1,755		4,019

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Health Care - 9.2% (continued)
Alphatec Holdings, Inc.*		1,998	$	4,016
Medical Action Industries, Inc.*		469		4,015
Aratana Therapeutics, Inc.*		210		4,011
OncoGenex Pharmaceutical, Inc.*		477		3,978
Alliance HealthCare Services, Inc.*		160		3,958
Epizyme, Inc.*		190		3,952
Addus HomeCare Corp.*		174		3,906
SIGA Technologies, Inc.*		1,188		3,885
Harvard Bioscience, Inc.*		821		3,859
NeoGenomics, Inc.*		1,060		3,837
Targacept, Inc.*		904		3,752
Supernus Pharmaceuticals, Inc.*		478		3,604
Enanta Pharmaceuticals, Inc.*		120		3,274
Biolase, Inc.*		1,109		3,137
Skilled Healthcare Group, Inc. — Class A*		640		3,078
AVEO Pharmaceuticals, Inc.*		1,669		3,071
Fibrocell Science, Inc.*		727		2,952
Vical, Inc.*		2,444		2,884
Cornerstone Therapeutics, Inc.*		285		2,705
OvaScience, Inc.*		290		2,651
Alimera Sciences, Inc.*		542		2,553
MEI Pharma, Inc.*		314		2,515
Regulus Therapeutics, Inc.*		332		2,453
Amicus Therapeutics, Inc.*		983		2,310
Coronado Biosciences, Inc.*		859		2,259
Onconova Therapeutics, Inc.*		188		2,158
Cellular Dynamics International, Inc.*		126		2,080
Esperion Therapeutics, Inc.*		146		2,006
TG Therapeutics, Inc.*		499		1,946
KaloBios Pharmaceuticals, Inc.*		388		1,715
Pernix Therapeutics Holdings*		563		1,419
Enzon Pharmaceuticals, Inc.		1,208		1,401
GTx, Inc.*		845		1,394
Conatus Pharmaceuticals, Inc.*		191		1,232
Harvard Apparatus Regenerative Technology, Inc.*		206		979
USMD Holdings, Inc.*		40		804
Total Health Care				6,996,403
Energy - 3.8%
Kodiak Oil & Gas Corp.*		8,549		95,835
Rosetta Resources, Inc.*		1,970		94,640
Targa Resources Corp.		1,064		93,813
SemGroup Corp. — Class A		1,354		88,321
Bristow Group, Inc.		1,168		87,669
Helix Energy Solutions Group, Inc.*		3,409		79,020
CARBO Ceramics, Inc.		639		74,462
Western Refining, Inc.		1,740		73,792
Scorpio Tankers, Inc.		5,946		70,103
Energy XXI Bermuda Ltd.		2,556		69,166
Exterran Holdings, Inc.*		1,857		63,509
PDC Energy, Inc.*		1,142		60,777
SEACOR Holdings, Inc.*		644		58,733
Carrizo Oil & Gas, Inc.*		1,303		58,335
Hornbeck Offshore Services, Inc.*		1,149		56,565
Stone Energy Corp.*		1,608		55,621
Crosstex Energy, Inc.		1,533		55,433
Alpha Natural Resources, Inc.*		7,114		50,793
Bill Barrett Corp.*		1,569		42,018
Bonanza Creek Energy, Inc.*		947		41,166
Delek US Holdings, Inc.		1,192		41,017
Gulfmark Offshore, Inc. — Class A		861		40,579
Magnum Hunter Resources Corp.*		5,537		40,475
Geospace Technologies Corp.*		418		39,639
Key Energy Services, Inc.*		4,910		38,789
Forum Energy Technologies, Inc.*		1,270		35,890
Cloud Peak Energy, Inc.*		1,960		35,280
Matador Resources Co.*		1,878		35,006
Newpark Resources, Inc.*		2,775		34,105
C&J Energy Services, Inc.*		1,452		33,541
Hercules Offshore, Inc.*		5,135		33,531
Diamondback Energy, Inc.*		630		33,302
Parker Drilling Co.*		3,836		31,187
TETRA Technologies, Inc.*		2,521		31,160
Northern Oil and Gas, Inc.*		2,054		30,954
Arch Coal, Inc.		6,837		30,425
Sanchez Energy Corp.*		1,229		30,123
Ship Finance International Ltd.		1,805		29,566
Halcon Resources Corp.*,1		7,465		28,815
Rex Energy Corp.*		1,458		28,737
Comstock Resources, Inc.		1,558		28,496
Clean Energy Fuels Corp.*		2,198		28,310
EPL Oil & Gas, Inc.*		961		27,389
EXCO Resources, Inc.1		4,374		23,226
Contango Oil & Gas Co.*		475		22,449
Approach Resources, Inc.*		1,126		21,721
Nordic American Tankers Ltd.		2,125		20,613
Matrix Service Co.*		839		20,530
Era Group, Inc.*		644		19,874
Resolute Energy Corp.*		2,177		19,658
Tesco Corp.*		975		19,286
Swift Energy Co.*		1,400		18,900
RigNet, Inc.*		384		18,405
Triangle Petroleum Corp.*		2,192		18,237
W&T Offshore, Inc.		1,123		17,968
PHI, Inc.*		409		17,751
Athlon Energy, Inc.*		581		17,575
Goodrich Petroleum Corp.*		1,014		17,258
Solazyme, Inc.*		1,543		16,803
Penn Virginia Corp.*		1,781		16,795
Pioneer Energy Services Corp.*		1,998		16,004
Green Plains Renewable Energy, Inc.		817		15,842
Clayton Williams Energy, Inc.*		193		15,816
Basic Energy Services, Inc.*		961		15,165
Synergy Resources Corp.*		1,632		15,112
ION Geophysical Corp.*		4,293		14,167
GasLog Ltd.		818		13,980
Emerald Oil, Inc.*		1,823		13,964
Forest Oil Corp.*		3,844		13,877
Vaalco Energy, Inc.*		1,869		12,877
Rentech, Inc.*		7,274		12,730
Gastar Exploration, Inc.*		1,784		12,345
Alon USA Energy, Inc.		746		12,339
Quicksilver Resources, Inc.*,1		4,014		12,323
Willbros Group, Inc.*		1,284		12,095

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Energy - 3.8% (continued)
Vantage Drilling Co.*		6,477	$	11,918
Gulf Island Fabrication, Inc.		471		10,937
Natural Gas Services Group, Inc.*		394		10,863
Knightsbridge Tankers Ltd.		983		9,034
Dawson Geophysical Co.*		258		8,726
Abraxas Petroleum Corp.*		2,646		8,679
Callon Petroleum Co.*		1,280		8,358
PetroQuest Energy, Inc.*		1,842		7,957
Endeavour International Corp.*		1,515		7,954
Teekay Tankers Ltd. — Class A		2,002		7,868
Renewable Energy Group, Inc.*		677		7,758
Nuverra Environmental Solutions, Inc.*		462		7,755
REX American Resources Corp.*		173		7,735
Panhandle Oil and Gas, Inc. — Class A		223		7,450
Westmoreland Coal Co.*		383		7,388
Warren Resources, Inc.*		2,349		7,376
Mitcham Industries, Inc.*		409		7,243
Midstates Petroleum Company, Inc.*		1,068		7,070
BPZ Resources, Inc.*		3,796		6,909
Miller Energy Resources, Inc.*		981		6,906
Evolution Petroleum Corp.		542		6,688
Cal Dive International, Inc.*		3,155		6,342
FX Energy, Inc.*		1,724		6,310
Frontline Ltd.*,1		1,664		6,223
Equal Energy Ltd.		1,148		6,130
Bolt Technology Corp.		276		6,075
Uranium Energy Corp.*		2,750		5,500
Ur-Energy, Inc.*		3,910		5,396
Jones Energy, Inc. — Class A*		362		5,242
Adams Resources & Energy, Inc.		73		5,001
Apco Oil and Gas International, Inc.*		299		4,661
Amyris, Inc.*		842		4,454
TGC Industries, Inc.		511		3,730
Isramco, Inc.*		28		3,557
KiOR, Inc. — Class A*		1,417		2,381
Hallador Energy Co.		281		2,265
L&L Energy, Inc.*,††		932		1,566
Global Geophysical Services, Inc.*		734		1,182
ZaZa Energy Corp.*		1,198		1,145
Total Energy				2,921,504
Materials - 3.4%
PolyOne Corp.		3,199		113,084
Axiall Corp.		2,251		106,786
Chemtura Corp.*		3,165		88,366
HB Fuller Co.		1,620		84,305
Louisiana-Pacific Corp.*		4,484		82,999
Sensient Technologies Corp.		1,612		78,214
Commercial Metals Co.		3,764		76,522
Olin Corp.		2,586		74,606
KapStone Paper and Packaging Corp.*		1,311		73,233
Worthington Industries, Inc.		1,703		71,662
Minerals Technologies, Inc.		1,124		67,519
Graphic Packaging Holding Co.*		6,757		64,867
Balchem Corp.		952		55,882
Schweitzer-Mauduit International, Inc.		1,009		51,933
SunCoke Energy, Inc.*		2,257		51,481
Texas Industries, Inc.*		699		48,077
Stillwater Mining Co.*		3,802		46,917
Kaiser Aluminum Corp.		608		42,706
Berry Plastics Group, Inc.*		1,788		42,537
Stepan Co.		607		39,837
PH Glatfelter Co.		1,387		38,337
OM Group, Inc.*		1,035		37,684
Clearwater Paper Corp.*		716		37,590
Globe Specialty Metals, Inc.		2,074		37,353
AK Steel Holding Corp.*		4,388		35,982
Resolute Forest Products, Inc.*		2,246		35,981
Calgon Carbon Corp.*		1,743		35,854
Coeur Mining, Inc.*		3,267		35,447
Innospec, Inc.		756		34,942
RTI International Metals, Inc.*		1,011		34,586
Innophos Holdings, Inc.		710		34,506
A. Schulman, Inc.		952		33,568
Walter Energy, Inc.		2,012		33,460
Hecla Mining Co.		10,718		33,011
Quaker Chemical Corp.		420		32,369
Flotek Industries, Inc.*		1,539		30,888
Koppers Holdings, Inc.		665		30,424
AMCOL International Corp.		893		30,344
Ferro Corp.*		2,335		29,958
Intrepid Potash, Inc.*		1,758		27,846
Schnitzer Steel Industries, Inc. — Class A		830		27,116
Molycorp, Inc.*,1		4,791		26,925
LSB Industries, Inc.*		612		25,104
Deltic Timber Corp.		361		24,526
Kraton Performance Polymers, Inc.*		1,052		24,249
US Silica Holdings, Inc.		696		23,741
Headwaters, Inc.*		2,352		23,026
Horsehead Holding Corp.*		1,419		23,002
Tredegar Corp.		792		22,818
American Vanguard Corp.		923		22,420
Neenah Paper, Inc.		512		21,898
Haynes International, Inc.		393		21,709
Materion Corp.		661		20,392
Wausau Paper Corp.		1,587		20,123
Myers Industries, Inc.		912		19,261
Advanced Emissions Solutions, Inc.*		320		17,354
Century Aluminum Co.*		1,656		17,322
Zoltek Companies, Inc.*		890		14,908
OMNOVA Solutions, Inc.*		1,515		13,802
Zep, Inc.		729		13,239
Allied Nevada Gold Corp.*		3,348		11,886
Boise Cascade Co.*		397		11,704
Hawkins, Inc.		299		11,120
FutureFuel Corp.		701		11,076
US Concrete, Inc.*		460		10,410
Taminco Corp.*		505		10,206

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Materials - 3.4% (continued)
Landec Corp.*		831	$	10,072
Olympic Steel, Inc.		290		8,404
AM Castle & Co.*		563		8,316
Universal Stainless & Alloy Products, Inc.*		223		8,041
Arabian American Development Co.*		638		8,007
AEP Industries, Inc.*		143		7,555
Chase Corp.		205		7,237
American Pacific Corp.*		190		7,079
Gold Resource Corp.		1,066		4,829
UFP Technologies, Inc.*		181		4,565
KMG Chemicals, Inc.		269		4,543
Handy & Harman Ltd.*		175		4,237
Paramount Gold and Silver Corp.*		4,442		4,139
United States Lime & Minerals, Inc.*		66		4,037
Penford Corp.*		314		4,035
Noranda Aluminum Holding Corp.		1,086		3,573
Marrone Bio Innovations, Inc.*		178		3,165
Midway Gold Corp.*		3,610		2,924
General Moly, Inc.*		1,850		2,479
GSE Holding, Inc.*		260		538
Total Materials				2,638,775
Consumer Staples - 2.6%
United Natural Foods, Inc.*		1,587		119,644
Rite Aid Corp.*		23,516		118,991
Hain Celestial Group, Inc.*		1,242		112,748
Casey's General Stores, Inc.		1,231		86,479
TreeHouse Foods, Inc.*		1,170		80,636
Darling International, Inc.*		3,802		79,386
Harris Teeter Supermarkets, Inc.		1,595		78,714
PriceSmart, Inc.		605		69,902
Boston Beer Company, Inc. — Class A*		265		64,074
B&G Foods, Inc. — Class A		1,699		57,613
Sanderson Farms, Inc.		745		53,886
Andersons, Inc.		601		53,591
Lancaster Colony Corp.		595		52,449
Post Holdings, Inc.*		1,057		52,078
Spectrum Brands Holdings, Inc.		693		48,890
SUPERVALU, Inc.*		6,538		47,662
Snyders-Lance, Inc.		1,530		43,942
J&J Snack Foods Corp.		483		42,789
Universal Corp.		753		41,115
Susser Holdings Corp.*		586		38,377
WD-40 Co.		501		37,415
Fresh Del Monte Produce, Inc.		1,222		34,583
Vector Group Ltd.		2,036		33,329
Pilgrim's Pride Corp.*		1,953		31,736
Boulder Brands, Inc.*		1,917		30,404
Elizabeth Arden, Inc.*		827		29,317
Spartan Stores, Inc.		1,183		28,728
Cal-Maine Foods, Inc.		476		28,669
Tootsie Roll Industries, Inc.1		630		20,500
Seaboard Corp.		7		19,565
Inter Parfums, Inc.		530		18,979
Annie's, Inc.*		440		18,938
Weis Markets, Inc.		358		18,816
Diamond Foods, Inc.*		719		18,579
Chiquita Brands International, Inc.*		1,495		17,492
Chefs' Warehouse, Inc.*		531		15,484
USANA Health Sciences, Inc.*		194		14,663
Pantry, Inc.*		760		12,753
Harbinger Group, Inc.*		1,064		12,608
Natural Grocers by Vitamin Cottage, Inc.*		281		11,928
Calavo Growers, Inc.		390		11,801
Medifast, Inc.*		444		11,602
Coca-Cola Bottling Company Consolidated		155		11,345
Ingles Markets, Inc. — Class A		384		10,406
Central Garden and Pet Co. — Class A*		1,353		9,133
Fairway Group Holdings Corp.*		503		9,114
Revlon, Inc. — Class A*		364		9,085
Limoneira Co.		325		8,642
Alliance One International, Inc.*		2,823		8,610
Seneca Foods Corp. — Class A*		263		8,387
Roundy's, Inc.		812		8,006
Omega Protein Corp.*		637		7,829
National Beverage Corp.*		370		7,459
Nutraceutical International Corp.*		273		7,311
John B Sanfilippo & Son, Inc.		267		6,590
Village Super Market, Inc. — Class A		208		6,450
Orchids Paper Products Co.		196		6,437
Star Scientific, Inc.*		5,365		6,223
Nature's Sunshine Products, Inc.		356		6,166
Lifevantage Corp.*		3,654		6,029
Inventure Foods, Inc.*		449		5,954
Oil-Dri Corporation of America		157		5,941
Female Health Co.		697		5,925
Craft Brew Alliance, Inc.*		337		5,534
Arden Group, Inc. — Class A		40		5,060
Synutra International, Inc.*		557		4,946
Farmer Bros Co.*		193		4,489
Alico, Inc.		89		3,459
Griffin Land & Nurseries, Inc.		82		2,737
Lifeway Foods, Inc.		152		2,429
Total Consumer Staples				2,010,551
Utilities - 2.1%
Cleco Corp.		1,947		90,770
IDACORP, Inc.		1,617		83,825
Southwest Gas Corp.		1,488		83,194
Piedmont Natural Gas Company, Inc.		2,433		80,678
UNS Energy Corp.		1,335		79,900
Black Hills Corp.		1,427		74,932
Portland General Electric Co.		2,441		73,718
UIL Holdings Corp.		1,815		70,331
Dynegy, Inc.*		3,218		69,251
WGL Holdings, Inc.		1,670		66,900
ALLETE, Inc.		1,283		63,996
New Jersey Resources Corp.		1,342		62,054
PNM Resources, Inc.		2,567		61,916
South Jersey Industries, Inc.		1,029		57,583

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 69.7% (continued)
Utilities - 2.1% (continued)
Avista Corp.		1,934	$	54,519
NorthWestern Corp.		1,221		52,894
Laclede Group, Inc.		1,051		47,863
El Paso Electric Co.		1,292		45,362
MGE Energy, Inc.		742		42,962
Northwest Natural Gas Co.		866		37,082
American States Water Co.		1,241		35,654
California Water Service Group		1,538		35,482
Otter Tail Corp.		1,172		34,304
Empire District Electric Co.		1,372		31,131
NRG Yield, Inc. — Class A		730		29,207
Chesapeake Utilities Corp.		315		18,906
Ormat Technologies, Inc.		570		15,510
SJW Corp.		495		14,746
Unitil Corp.		441		13,446
Atlantic Power Corp.		3,860		13,433
Connecticut Water Service, Inc.		349		12,393
Middlesex Water Co.		512		10,721
York Water Co.		420		8,791
Consolidated Water Company Ltd.		471		6,641
Artesian Resources Corp. — Class A		242		5,554
Delta Natural Gas Company, Inc.		221		4,946
Genie Energy Ltd. — Class B*		416		4,247
Pure Cycle Corp.*		555		3,513
Total Utilities				1,598,355
Telecommunication Services - 0.5%
Cogent Communications Group, Inc.		1,522		61,505
Leap Wireless International, Inc.*		1,741		30,292
Consolidated Communications Holdings, Inc.		1,295		25,421
Cincinnati Bell, Inc.*		6,700		23,852
8x8, Inc.*		2,327		23,642
Shenandoah Telecommunications Co.		773		19,843
Premiere Global Services, Inc.*		1,546		17,918
Vonage Holdings Corp.*		5,003		16,660
Atlantic Tele-Network, Inc.		293		16,575
NII Holdings, Inc.*		5,538		15,230
inContact, Inc.*		1,716		13,402
Iridium Communications, Inc.*		2,071		12,964
Inteliquent, Inc.		1,053		12,025
General Communication, Inc. — Class A*		1,013		11,295
Lumos Networks Corp.		498		10,458
USA Mobility, Inc.		702		10,025
NTELOS Holdings Corp.		492		9,953
Hawaiian Telcom Holdco, Inc.*		330		9,692
IDT Corp. — Class B		498		8,899
Fairpoint Communications, Inc.*		668		7,555
ORBCOMM, Inc.*		1,171		7,424
magicJack VocalTec Ltd.*		593		7,069
Towerstream Corp.*		2,141		6,337
Cbeyond, Inc.*		865		5,969
HickoryTech Corp.		436		5,594
Boingo Wireless, Inc.*		596		3,820
Straight Path Communications, Inc. — Class B*		246		2,015
Total Telecommunication Services				395,434
Total Common Stocks
(Cost $40,914,127)				53,206,736
WARRANTS - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16*,†		29		155
Magnum Hunter Resources Corp.
$8.50, 04/15/16*,1,††		444		–
Total Warrants
(Cost $150)				155
RIGHTS - 0.0%
Cubist Pharmaceuticals, Inc.
Expires 10/15/15*,†		1,197		1,616
EXCO Resources, Inc.
Expires 01/09/14*,†,1		1,092		174
Omthera Pharmaceuticals, Inc.
Expires 12/31/20*,††		86		52
Total Rights
(Cost $2,479)				1,842
		Face Amount
REPURCHASE AGREEMENT††,2 - 1.8%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143	$	1,345,646		1,345,646
Total Repurchase Agreement
(Cost $1,345,646)				1,345,646
SECURITIES LENDING COLLATERAL††,4 - 0.6%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		426,798		426,798
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		62,910		62,910
Total Securities Lending Collateral
(Cost $489,708)				489,708
Total Investments - 72.1%
(Cost $42,752,110)			$	55,044,087
Other Assets & Liabilities, net - 27.9%				21,252,790
Total Net Assets - 100.0%			$	76,296,877

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $348,180)		3	$	7,482

Russell 2000® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Units		Unrealized Gain
EQUITY INDEX SWAP AGREEMENTS††
Goldman Sachs International January 2014 Russell 2000 Index Swap, Terminating 01/28/145 (Notional Value $6,026,145)		5,179	$	14,341
Credit Suisse Capital, LLC January 2014 Russell 2000 Index Swap, Terminating 01/28/145 (Notional Value $9,699,773)		8,336		7,800
Barclays Bank plc January 2014 Russell 2000 Index Swap, Terminating 01/31/145 (Notional Value $7,047,749)		6,057		4,980
(Total Notional Value $22,773,667)			$	27,121

* Non-income producing security.

† Value determined based on Level 1 inputs, unless otherwise noted — See Note 2.

†† Value determined based on Level 2 inputs — See Note 2.

1 All or portion of this security is on loan at December 31, 2013 — See Note 4.

2 Repurchase Agreement — See Note 3.

3 All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.

4 Securities lending collateral — See Note 4.

5 Total Return based on Russell 2000 Index +/- financing at a variable rate.

plc — Public Limited Company

REIT — Real Estate Investment Trust

S&P 500® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.1%
Consumer Discretionary - 28.3%
TripAdvisor, Inc.*		30,237	$	2,504,532
Netflix, Inc.*		6,655		2,450,171
Chipotle Mexican Grill, Inc. — Class A*		4,300		2,290,954
Michael Kors Holdings Ltd.*		27,700		2,248,963
News Corp. — Class A*		122,500		2,207,450
Priceline.com, Inc.*		1,771		2,058,610
Wynn Resorts Ltd.		9,711		1,885,973
Goodyear Tire & Rubber Co.		70,700		1,686,195
Amazon.com, Inc.*		4,044		1,612,707
Harman International Industries, Inc.		18,200		1,489,670
Fossil Group, Inc.*		11,890		1,426,087
DIRECTV*		19,479		1,345,804
Comcast Corp. — Class A		23,600		1,226,374
Wyndham Worldwide Corp.		15,560		1,146,616
Discovery Communications, Inc. — Class A*		11,633		1,051,855
Johnson Controls, Inc.		17,800		913,140
Interpublic Group of Companies, Inc.		51,500		911,550
NIKE, Inc. — Class B		11,000		865,040
BorgWarner, Inc.		14,968		836,861
CBS Corp. — Class B		12,990		827,983
Viacom, Inc. — Class B		8,800		768,592
VF Corp.		11,800		735,612
Graham Holdings Co. — Class B		1,100		729,652
Dollar Tree, Inc.*		12,200		688,324
Bed Bath & Beyond, Inc.*		8,400		674,520
Starbucks Corp.		7,900		619,281
Harley-Davidson, Inc.		8,600		595,464
Time Warner Cable, Inc.		4,380		593,490
Mohawk Industries, Inc.*		3,900		580,710
TJX Companies, Inc.		8,568		546,039
O'Reilly Automotive, Inc.*		4,200		540,582
Total Consumer Discretionary				38,058,801
Information Technology - 15.8%
Facebook, Inc. — Class A*		42,800		2,339,448
Seagate Technology plc		40,317		2,264,203
VeriSign, Inc.*		31,500		1,883,070
Western Digital Corp.		20,700		1,736,730
Alliance Data Systems Corp.*		6,400		1,682,752
Google, Inc. — Class A*		1,299		1,455,802
Cognizant Technology Solutions Corp. — Class A*		13,951		1,408,772
First Solar, Inc.*		24,600		1,344,144
MasterCard, Inc. — Class A		1,435		1,198,885
Salesforce.com, Inc.*		16,186		893,305
QUALCOMM, Inc.		11,568		858,924
SanDisk Corp.		10,400		733,616
Yahoo!, Inc.*		17,879		723,027
Electronic Arts, Inc.*		31,200		715,728
Fidelity National Information Services, Inc.		12,900		692,472
Visa, Inc. — Class A		2,879		641,096
Micron Technology, Inc.*		25,100		546,176
Total Information Technology				21,118,150
Financials - 15.7%
Huntington Bancshares, Inc.		306,537		2,958,081
KeyCorp		160,000		2,147,200
Fifth Third Bancorp		90,200		1,896,906
Comerica, Inc.		39,700		1,887,338
Prudential Financial, Inc.		20,400		1,881,288
Ameriprise Financial, Inc.		12,350		1,420,868
Discover Financial Services		24,760		1,385,322
SLM Corp.		51,486		1,353,052
Moody's Corp.		14,823		1,163,161
Charles Schwab Corp.		40,900		1,063,400
Torchmark Corp.		9,700		758,055
American Express Co.		7,160		649,627
Invesco Ltd.		17,400		633,360
BlackRock, Inc. — Class A		2,000		632,940
Macerich Co.		10,300		606,567
IntercontinentalExchange Group, Inc.		2,400		539,808
Total Financials				20,976,973
Health Care - 15.2%
Celgene Corp.*		14,821		2,504,155
Vertex Pharmaceuticals, Inc.*		30,613		2,274,546
Actavis plc*		12,790		2,148,720
Gilead Sciences, Inc.*		25,728		1,933,459
Regeneron Pharmaceuticals, Inc.*		6,986		1,922,827
Biogen Idec, Inc.*		6,129		1,714,588
Boston Scientific Corp.*		114,200		1,372,684
Cigna Corp.		13,300		1,163,484
Alexion Pharmaceuticals, Inc.*		8,680		1,154,961
Allergan, Inc.		9,700		1,077,476
Perrigo Company plc		5,300		813,338
Cerner Corp.*		14,204		791,731
Thermo Fisher Scientific, Inc.		6,900		768,315
St. Jude Medical, Inc.		10,900		675,255
Total Health Care				20,315,539
Energy - 8.3%
Cabot Oil & Gas Corp.		44,000		1,705,440
Pioneer Natural Resources Co.		8,378		1,542,138
Helmerich & Payne, Inc.		17,300		1,454,584
Halliburton Co.		28,200		1,431,150
EOG Resources, Inc.		8,230		1,381,323
Range Resources Corp.		11,800		994,858
Noble Energy, Inc.		11,750		800,293
Schlumberger Ltd.		7,100		639,781
Equities Corp.		6,900		619,482
Kinder Morgan, Inc.		16,900		608,400
Total Energy				11,177,449
Industrials - 7.8%
Southwest Airlines Co.		103,544		1,950,769
Delta Air Lines, Inc.		60,500		1,661,935
Textron, Inc.		42,900		1,577,004
PACCAR, Inc.		20,240		1,197,601
Robert Half International, Inc.		23,700		995,163
Boeing Co.		6,780		925,402
Flowserve Corp.		9,300		733,119
Precision Castparts Corp.		2,700		727,110
Pitney Bowes, Inc.		29,800		694,340
Total Industrials				10,462,443

S&P 500® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.1% (continued)
Consumer Staples - 4.1%
Safeway, Inc.		73,700	$	2,400,409
Constellation Brands, Inc. — Class A*		25,198		1,773,435
Monster Beverage Corp.*		10,476		709,959
Coca-Cola Enterprises, Inc.		12,900		569,277
Total Consumer Staples				5,453,080
Materials - 3.9%
LyondellBasell Industries N.V. — Class A		20,400		1,637,712
Sealed Air Corp.		35,500		1,208,775
Ecolab, Inc.		9,954		1,037,904
Eastman Chemical Co.		10,032		809,582
PPG Industries, Inc.		3,033		575,239
Total Materials				5,269,212
Total Common Stocks
(Cost $113,379,345)				132,831,647

	Face Amount
REPURCHASE AGREEMENTS††,1 - 0.7%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	721,519		721,519
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		116,379		116,379
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		72,229		72,229
Total Repurchase Agreements
(Cost $910,127)				910,127
Total Investments - 99.8%
(Cost $114,289,472)			$	133,741,774
Other Assets & Liabilities, net - 0.2%				263,484
Total Net Assets - 100.0%			$	134,005,258

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreements — See Note 3.
	plc — Public Limited Company

S&P 500® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Financials - 25.9%
Berkshire Hathaway, Inc. — Class B*		17,090	$	2,026,190
Assurant, Inc.		23,833		1,581,796
Genworth Financial, Inc. — Class A*		90,880		1,411,366
Hartford Financial Services Group, Inc.		34,213		1,239,537
Unum Group		35,327		1,239,272
American International Group, Inc.		23,196		1,184,156
XL Group plc — Class A		36,672		1,167,636
MetLife, Inc.		21,594		1,164,348
Allstate Corp.		19,800		1,079,892
Loews Corp.		19,546		942,899
Capital One Financial Corp.		11,557		885,382
Morgan Stanley		26,316		825,270
SunTrust Banks, Inc.		21,985		809,267
Bank of America Corp.		48,900		761,373
Goldman Sachs Group, Inc.		4,203		745,024
JPMorgan Chase & Co.		12,529		732,696
Travelers Companies, Inc.		7,970		721,604
PNC Financial Services Group, Inc.		8,853		686,816
ACE Ltd.		6,350		657,416
NASDAQ OMX Group, Inc.		15,685		624,263
Bank of New York Mellon Corp.		17,400		607,956
Hudson City Bancorp, Inc.		53,000		499,790
BB&T Corp.		13,036		486,504
Chubb Corp.		4,460		430,970
Cincinnati Financial Corp.		8,100		424,197
Progressive Corp.		13,700		373,599
Wells Fargo & Co.		8,080		366,832
Aflac, Inc.		5,490		366,732
M&T Bank Corp.		2,800		325,976
Total Financials				24,368,759
Energy - 16.5%
Valero Energy Corp.		33,704		1,698,682
Murphy Oil Corp.		23,880		1,549,334
Phillips 66		18,078		1,394,356
Tesoro Corp.		21,700		1,269,450
Nabors Industries Ltd.		74,458		1,265,041
Hess Corp.		14,811		1,229,313
Rowan Companies plc — Class A*		23,440		828,838
Transocean Ltd.		15,200		751,184
Apache Corp.		7,890		678,067
Ensco plc — Class A		11,470		655,855
Chevron Corp.		4,920		614,557
Denbury Resources, Inc.*		36,900		606,267
Noble Corporation plc		15,800		592,026
Marathon Oil Corp.		15,644		552,233
Baker Hughes, Inc.		9,879		545,914
ConocoPhillips		6,132		433,226
Exxon Mobil Corp.		4,000		404,800
WPX Energy, Inc.*		17,405		354,714
Total Energy				15,423,857
Utilities - 15.3%
NRG Energy, Inc.		45,080		1,294,698
Exelon Corp.		38,060		1,042,464
Entergy Corp.		15,470		978,787
Integrys Energy Group, Inc.		16,327		888,352
Pepco Holdings, Inc.		45,642		873,131
FirstEnergy Corp.		22,480		741,390
AES Corp.		48,400		702,284
Consolidated Edison, Inc.		11,400		630,192
Edison International		13,400		620,420
PG&E Corp.		14,800		596,144
Xcel Energy, Inc.		20,400		569,976
SCANA Corp.		12,100		567,853
Pinnacle West Capital Corp.		10,000		529,200
DTE Energy Co.		7,800		517,842
Public Service Enterprise Group, Inc.		16,140		517,126
PPL Corp.		17,180		516,946
AGL Resources, Inc.		10,900		514,807
Duke Energy Corp.		7,100		489,971
Northeast Utilities		11,500		487,485
TECO Energy, Inc.		25,800		444,792
American Electric Power Company, Inc.		9,300		434,682
CMS Energy Corp.		13,700		366,749
Total Utilities				14,325,291
Consumer Discretionary - 9.5%
Staples, Inc.		79,530		1,263,732
General Motors Co.*		30,900		1,262,882
AutoNation, Inc.*		19,200		954,048
Ford Motor Co.		56,360		869,635
Kohl's Corp.		14,630		830,253
DR Horton, Inc.		33,100		738,792
Target Corp.		11,650		737,096
PulteGroup, Inc.		30,300		617,211
Whirlpool Corp.		3,848		603,597
Carnival Corp.		14,900		598,533
Macy's, Inc.		7,540		402,636
Total Consumer Discretionary				8,878,415
Consumer Staples - 7.5%
Archer-Daniels-Midland Co.		34,460		1,495,564
Tyson Foods, Inc. — Class A		39,123		1,309,056
Kroger Co.		22,070		872,427
Sysco Corp.		21,192		765,031
CVS Caremark Corp.		9,595		686,714
Wal-Mart Stores, Inc.		7,600		598,044
Molson Coors Brewing Co. — Class B		9,498		533,313
Costco Wholesale Corp.		3,700		440,337
ConAgra Foods, Inc.		10,400		350,480
Total Consumer Staples				7,050,966
Health Care - 7.2%
WellPoint, Inc.		19,644		1,814,909
Humana, Inc.		13,396		1,382,735
Aetna, Inc.		14,748		1,011,565
Express Scripts Holding Co.*		10,900		765,616
UnitedHealth Group, Inc.		10,005		753,377
Cardinal Health, Inc.		10,767		719,343
Quest Diagnostics, Inc.		5,400		289,116
Total Health Care				6,736,661
Materials - 5.7%
Alcoa, Inc.		178,201		1,894,276
Allegheny Technologies, Inc.		16,870		601,078

S&P 500® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Materials - 5.7% (continued)
Dow Chemical Co.		10,949	$	486,136
International Paper Co.		9,400		460,882
Mosaic Co.		9,700		458,519
Bemis Company, Inc.		10,600		434,176
Freeport-McMoRan Copper & Gold, Inc.		10,500		396,270
Avery Dennison Corp.		6,610		331,756
Nucor Corp.		6,100		325,618
Total Materials				5,388,711
Information Technology - 5.7%
Xerox Corp.		114,672		1,395,558
Jabil Circuit, Inc.		69,346		1,209,394
Hewlett-Packard Co.		42,800		1,197,544
Computer Sciences Corp.		16,100		899,668
Corning, Inc.		33,719		600,873
Total Information Technology				5,303,037
Industrials - 5.0%
L-3 Communications Holdings, Inc.		8,724		932,247
Ryder System, Inc.		12,043		888,533
Jacobs Engineering Group, Inc.*		12,675		798,397
Fluor Corp.		9,810		787,645
Joy Global, Inc.		8,700		508,863
Deere & Co.		4,400		401,852
Stanley Black & Decker, Inc.		4,100		330,829
Total Industrials				4,648,366
Telecommunication Services - 1.3%
Frontier Communications Corp.1		142,371		662,025
CenturyLink, Inc.		18,900		601,965
Total Telecommunication Services				1,263,990
Total Common Stocks
(Cost $79,013,597)				93,388,053
		Face Amount
REPURCHASE AGREEMENTS††,2 - 0.3%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	193,537		193,537
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		31,217		31,217
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		19,374		19,374
Total Repurchase Agreements
(Cost $244,128)				244,128
SECURITIES LENDING COLLATERAL††,3 - 0.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		189,777		189,777
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		27,973		27,973
Total Securities Lending Collateral
(Cost $217,750)				217,750
Total Investments - 100.1%
(Cost $79,475,475)			$	93,849,931
Other Assets & Liabilities, net - (0.1)%				(90,371	)
Total Net Assets - 100.0%			$	93,759,560

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4.

plc — Public Limited Company

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 87.5%
Information Technology - 16.3%
Apple, Inc.		20,094	$	11,274,943
Google, Inc. — Class A*		6,269		7,025,730
Microsoft Corp.		169,660		6,350,374
International Business Machines Corp.		22,796		4,275,846
Oracle Corp.		78,374		2,998,589
Intel Corp.		111,020		2,882,079
QUALCOMM, Inc.		37,731		2,801,528
Cisco Systems, Inc.		119,409		2,680,732
Visa, Inc. — Class A		11,373		2,532,540
Facebook, Inc. — Class A*		36,720		2,007,115
MasterCard, Inc. — Class A		2,312		1,931,584
eBay, Inc.*		26,022		1,428,348
Hewlett-Packard Co.		42,921		1,200,930
Accenture plc — Class A		14,198		1,167,360
EMC Corp.		45,959		1,155,869
Texas Instruments, Inc.		24,445		1,073,380
Automatic Data Processing, Inc.		10,752		868,869
Yahoo!, Inc.*		21,070		852,071
Salesforce.com, Inc.*		12,392		683,914
Cognizant Technology Solutions Corp. — Class A*		6,752		681,817
Adobe Systems, Inc.*		10,383		621,734
Corning, Inc.		32,321		575,961
Micron Technology, Inc.*		23,489		511,121
TE Connectivity Ltd.		9,165		505,083
Intuit, Inc.		6,362		485,548
Applied Materials, Inc.		26,894		475,755
Seagate Technology plc		7,288		409,294
Western Digital Corp.		4,701		394,414
Symantec Corp.		15,545		366,551
Broadcom Corp. — Class A		12,051		357,312
SanDisk Corp.		5,045		355,874
Analog Devices, Inc.		6,947		353,811
Fidelity National Information Services, Inc.		6,502		349,027
Motorola Solutions, Inc.		5,142		347,085
Fiserv, Inc.*		5,756		339,892
Paychex, Inc.		7,259		330,502
Amphenol Corp. — Class A		3,535		315,251
Xerox Corp.		25,845		314,534
NetApp, Inc.		7,614		313,240
Alliance Data Systems Corp.*		1,090		286,594
Xilinx, Inc.		5,991		275,107
Citrix Systems, Inc.*		4,163		263,310
Juniper Networks, Inc.*		11,278		254,544
Autodesk, Inc.*		5,038		253,563
CA, Inc.		7,257		244,198
KLA-Tencor Corp.		3,719		239,727
Linear Technology Corp.		5,231		238,272
Red Hat, Inc.*		4,232		237,161
Altera Corp.		7,174		233,370
Western Union Co.		12,334		212,762
NVIDIA Corp.		12,922		207,010
Microchip Technology, Inc.1		4,432		198,332
Lam Research Corp.*		3,627		197,490
Akamai Technologies, Inc.*		4,000		188,720
Computer Sciences Corp.		3,288		183,733
VeriSign, Inc.*		2,877		171,987
Harris Corp.		2,387		166,636
Teradata Corp.*		3,645		165,811
Electronic Arts, Inc.*		6,904		158,378
F5 Networks, Inc.*		1,733		157,460
LSI Corp.		12,170		134,113
Total System Services, Inc.		3,730		124,134
FLIR Systems, Inc.		3,164		95,236
First Solar, Inc.*		1,579		86,277
Jabil Circuit, Inc.		4,133		72,080
Total Information Technology				68,641,612
Financials - 14.2%
JPMorgan Chase & Co.		83,956		4,909,746
Wells Fargo & Co.		107,056		4,860,343
Berkshire Hathaway, Inc. — Class B*		40,201		4,766,231
Bank of America Corp.		238,212		3,708,961
Citigroup, Inc.		67,737		3,529,775
American Express Co.		20,576		1,866,861
American International Group, Inc.		32,883		1,678,677
Goldman Sachs Group, Inc.		9,409		1,667,839
U.S. Bancorp		40,788		1,647,835
MetLife, Inc.		25,037		1,349,994
Simon Property Group, Inc.		6,931		1,054,621
Capital One Financial Corp.		12,876		986,430
Morgan Stanley		30,942		970,341
Prudential Financial, Inc.		10,340		953,555
PNC Financial Services Group, Inc.		11,884		921,960
BlackRock, Inc. — Class A		2,836		897,510
Bank of New York Mellon Corp.		25,650		896,211
ACE Ltd.		7,595		786,310
Travelers Companies, Inc.		8,131		736,181
State Street Corp.		9,804		719,516
American Tower Corp. — Class A		8,814		703,533
Aflac, Inc.		10,407		695,188
Charles Schwab Corp.		25,914		673,764
Discover Financial Services		10,698		598,553
Marsh & McLennan Companies, Inc.		12,256		592,701
BB&T Corp.		15,743		587,529
IntercontinentalExchange Group, Inc.		2,565		576,919
Aon plc		6,723		563,992
Allstate Corp.		10,158		554,017
CME Group, Inc. — Class A		7,041		552,437
Chubb Corp.		5,623		543,350
Franklin Resources, Inc.		9,017		520,551
Ameriprise Financial, Inc.		4,345		499,892
T. Rowe Price Group, Inc.		5,825		487,960
Public Storage		3,228		485,880
McGraw Hill Financial, Inc.		6,048		472,954
SunTrust Banks, Inc.		11,955		440,064
Fifth Third Bancorp		19,717		414,649
Prologis, Inc.		11,138		411,549
Weyerhaeuser Co.		13,015		410,884
Equity Residential		7,486		388,298

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 87.5% (continued)
Financials - 14.2% (continued)
Ventas, Inc.		6,569	$	376,272
HCP, Inc.		10,185		369,919
Hartford Financial Services Group, Inc.		9,985		361,757
Invesco Ltd.		9,900		360,360
Health Care REIT, Inc.		6,444		345,205
Vornado Realty Trust		3,885		344,949
Boston Properties, Inc.		3,409		342,161
M&T Bank Corp.		2,905		338,200
Progressive Corp.		12,328		336,185
Moody's Corp.		4,227		331,693
Loews Corp.		6,831		329,527
Host Hotels & Resorts, Inc.		16,885		328,244
AvalonBay Communities, Inc.		2,716		321,113
Northern Trust Corp.		5,017		310,502
Regions Financial Corp.		30,766		304,276
Lincoln National Corp.		5,859		302,442
Principal Financial Group, Inc.		6,114		301,481
KeyCorp		20,026		268,749
SLM Corp.		9,743		256,046
General Growth Properties, Inc.		12,006		240,960
Unum Group		5,833		204,622
XL Group plc — Class A		6,316		201,101
Leucadia National Corp.		7,002		198,437
Comerica, Inc.		4,085		194,201
Macerich Co.		3,139		184,856
Plum Creek Timber Company, Inc.		3,948		183,621
Kimco Realty Corp.		9,150		180,713
Huntington Bancshares, Inc.		18,548		178,988
Cincinnati Financial Corp.		3,290		172,297
Genworth Financial, Inc. — Class A*		11,039		171,436
CBRE Group, Inc. — Class A*		6,214		163,428
Torchmark Corp.		2,019		157,785
E*TRADE Financial Corp.*		6,414		125,971
Zions Bancorporation		4,123		123,525
Assurant, Inc.		1,624		107,785
People's United Financial, Inc.		7,098		107,322
Legg Mason, Inc.		2,371		103,091
NASDAQ OMX Group, Inc.		2,581		102,724
Hudson City Bancorp, Inc.		10,621		100,156
Apartment Investment & Management Co. — Class A		3,259		84,441
Total Financials				59,600,102
Health Care - 11.3%
Johnson & Johnson		63,013		5,771,360
Pfizer, Inc.		144,745		4,433,539
Merck & Company, Inc.		65,257		3,266,113
Gilead Sciences, Inc.*		34,240		2,573,135
Bristol-Myers Squibb Co.		36,773		1,954,485
Amgen, Inc.		16,842		1,922,683
AbbVie, Inc.		35,528		1,876,234
UnitedHealth Group, Inc.		22,484		1,693,045
Celgene Corp.*		9,207		1,555,615
Biogen Idec, Inc.*		5,275		1,475,681
Abbott Laboratories		34,532		1,323,612
Medtronic, Inc.		22,297		1,279,626
Express Scripts Holding Co.*		17,996		1,264,039
Eli Lilly & Co.		22,143		1,129,293
Thermo Fisher Scientific, Inc.		8,069		898,483
Baxter International, Inc.		12,120		842,946
McKesson Corp.		5,127		827,498
Allergan, Inc.		6,633		736,794
Covidien plc		10,273		699,591
Actavis plc*		3,891		653,688
WellPoint, Inc.		6,598		609,589
Alexion Pharmaceuticals, Inc.*		4,383		583,202
Aetna, Inc.		8,208		562,987
Cigna Corp.		6,173		540,014
Cardinal Health, Inc.		7,621		509,159
Stryker Corp.		6,592		495,323
Regeneron Pharmaceuticals, Inc.*		1,749		481,395
Becton Dickinson and Co.		4,335		478,974
Perrigo Company plc		2,972		456,083
Agilent Technologies, Inc.		7,388		422,520
St. Jude Medical, Inc.		6,512		403,418
Vertex Pharmaceuticals, Inc.*		5,220		387,846
Mylan, Inc.*		8,550		371,070
Cerner Corp.*		6,593		367,494
Zoetis, Inc.		11,167		365,049
AmerisourceBergen Corp. — Class A		5,137		361,182
Humana, Inc.		3,482		359,412
Boston Scientific Corp.*		29,820		358,436
Zimmer Holdings, Inc.		3,816		355,613
Intuitive Surgical, Inc.*		850		326,468
Forest Laboratories, Inc.*		5,290		317,559
Life Technologies Corp.*		3,854		292,133
DaVita HealthCare Partners, Inc.*		3,942		249,805
CR Bard, Inc.		1,740		233,056
Waters Corp.*		1,905		190,500
CareFusion Corp.*		4,720		187,950
Varian Medical Systems, Inc.*		2,361		183,426
Laboratory Corporation of America Holdings*		1,952		178,354
Quest Diagnostics, Inc.		3,248		173,898
Edwards Lifesciences Corp.*		2,443		160,652
DENTSPLY International, Inc.		3,184		154,360
Hospira, Inc.*		3,705		152,942
PerkinElmer, Inc.		2,507		103,364
Tenet Healthcare Corp.*		2,216		93,338
Patterson Companies, Inc.		1,859		76,591
Total Health Care				47,720,622
Consumer Discretionary - 11.0%
Amazon.com, Inc.*		8,279		3,301,583
Comcast Corp. — Class A		58,201		3,024,416
Walt Disney Co.		36,499		2,788,523
Home Depot, Inc.		31,451		2,589,676
McDonald's Corp.		22,222		2,156,202
Twenty-First Century Fox, Inc. — Class A		43,826		1,541,799
Time Warner, Inc.		20,206		1,408,762
Ford Motor Co.		88,093		1,359,275
Priceline.com, Inc.*		1,149		1,335,598
Starbucks Corp.		16,832		1,319,460
NIKE, Inc. — Class B		16,688		1,312,344
Lowe's Companies, Inc.		23,357		1,157,339
General Motors Co.*		25,433		1,039,447

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 87.5% (continued)
Consumer Discretionary - 11.0% (continued)
TJX Companies, Inc.		15,884	$	1,012,288
Target Corp.		14,114		892,992
Time Warner Cable, Inc.		6,296		853,108
CBS Corp. — Class B		12,464		794,455
Viacom, Inc. — Class B		9,064		791,650
Johnson Controls, Inc.		15,298		784,788
DIRECTV*		10,913		753,979
Yum! Brands, Inc.		9,946		752,017
VF Corp.		7,860		489,993
Netflix, Inc.*		1,325		487,825
Discovery Communications, Inc. — Class A*		5,040		455,717
Macy's, Inc.		8,229		439,428
Omnicom Group, Inc.		5,748		427,479
Dollar General Corp.*		6,580		396,906
Carnival Corp.		9,783		392,983
Bed Bath & Beyond, Inc.*		4,796		385,119
Delphi Automotive plc		6,254		376,053
Chipotle Mexican Grill, Inc. — Class A*		689		367,085
AutoZone, Inc.*		760		363,234
Ross Stores, Inc.		4,839		362,586
Mattel, Inc.		7,558		359,609
Coach, Inc.		6,264		351,599
Wynn Resorts Ltd.		1,801		349,773
Harley-Davidson, Inc.		4,938		341,907
Starwood Hotels & Resorts Worldwide, Inc.		4,277		339,808
L Brands, Inc.		5,445		336,773
Michael Kors Holdings Ltd.*		4,007		325,328
O'Reilly Automotive, Inc.*		2,397		308,518
Genuine Parts Co.		3,447		286,756
Whirlpool Corp.		1,753		274,976
BorgWarner, Inc.		4,741		265,069
Dollar Tree, Inc.*		4,647		262,184
Kohl's Corp.		4,496		255,148
PVH Corp.		1,822		247,828
Marriott International, Inc. — Class A		5,017		247,639
Best Buy Company, Inc.		6,101		243,308
Ralph Lauren Corp. — Class A		1,332		235,191
CarMax, Inc.*		4,988		234,536
Staples, Inc.		14,751		234,394
The Gap, Inc.		5,916		231,197
Tiffany & Co.		2,457		227,960
Wyndham Worldwide Corp.		2,910		214,438
Scripps Networks Interactive, Inc. — Class A		2,447		211,445
Newell Rubbermaid, Inc.		6,414		207,878
TripAdvisor, Inc.*		2,475		205,004
Mohawk Industries, Inc.*		1,360		202,504
News Corp. — Class A*		11,118		200,346
Nordstrom, Inc.		3,196		197,513
H&R Block, Inc.		6,103		177,231
PetSmart, Inc.		2,317		168,562
Interpublic Group of Companies, Inc.		9,296		164,539
Expedia, Inc.		2,300		160,218
Darden Restaurants, Inc.		2,912		158,325
PulteGroup, Inc.		7,699		156,828
Gannett Company, Inc.		5,090		150,562
Lennar Corp. — Class A		3,730		147,559
Hasbro, Inc.		2,579		141,871
DR Horton, Inc.		6,347		141,665
Family Dollar Stores, Inc.		2,156		140,075
Fossil Group, Inc.*		1,097		131,574
Goodyear Tire & Rubber Co.		5,511		131,437
GameStop Corp. — Class A		2,611		128,618
Garmin Ltd.		2,747		126,966
Harman International Industries, Inc.		1,509		123,512
International Game Technology		5,559		100,951
Leggett & Platt, Inc.		3,154		97,585
Urban Outfitters, Inc.*		2,433		90,264
Cablevision Systems Corp. — Class A		4,781		85,723
AutoNation, Inc.*		1,446		71,852
Graham Holdings Co. — Class B		97		64,342
Total Consumer Discretionary				46,172,997
Industrials - 9.6%
General Electric Co.		225,956		6,333,546
United Technologies Corp.		18,853		2,145,471
Boeing Co.		15,440		2,107,406
3M Co.		14,285		2,003,471
Union Pacific Corp.		10,286		1,728,048
United Parcel Service, Inc. — Class B		15,965		1,677,602
Honeywell International, Inc.		17,524		1,601,168
Caterpillar, Inc.		14,212		1,290,592
Emerson Electric Co.		15,722		1,103,369
Danaher Corp.		13,391		1,033,786
FedEx Corp.		6,643		955,064
Lockheed Martin Corp.		6,009		893,298
Precision Castparts Corp.		3,244		873,609
Eaton Corporation plc		10,597		806,644
Deere & Co.		8,550		780,872
Illinois Tool Works, Inc.		9,119		766,726
General Dynamics Corp.		7,477		714,427
CSX Corp.		22,639		651,324
Raytheon Co.		7,135		647,145
Norfolk Southern Corp.		6,899		640,434
Northrop Grumman Corp.		4,958		568,236
Cummins, Inc.		3,892		548,655
Delta Air Lines, Inc.		19,107		524,870
PACCAR, Inc.		7,908		467,916
Waste Management, Inc.		9,745		437,259
Parker Hannifin Corp.		3,333		428,757
Tyco International Ltd.		10,388		426,324
Ingersoll-Rand plc		5,984		368,614
Dover Corp.		3,805		367,335
Rockwell Automation, Inc.		3,097		365,942
WW Grainger, Inc.		1,380		352,480
Pentair Ltd.		4,449		345,554
Roper Industries, Inc.		2,213		306,899
Kansas City Southern		2,461		304,746
Southwest Airlines Co.		15,560		293,150

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 87.5% (continued)
Industrials - 9.6% (continued)
Fluor Corp.		3,647	$	292,817
Fastenal Co.		6,097		289,668
AMETEK, Inc.		5,470		288,105
Stanley Black & Decker, Inc.		3,467		279,752
Nielsen Holdings N.V.		5,648		259,187
Flowserve Corp.		3,115		245,555
Textron, Inc.		6,276		230,706
Rockwell Collins, Inc.		3,018		223,091
Stericycle, Inc.*		1,914		222,349
L-3 Communications Holdings, Inc.		1,979		211,476
Pall Corp.		2,474		211,156
Expeditors International of Washington, Inc.		4,591		203,152
Republic Services, Inc. — Class A		6,032		200,262
CH Robinson Worldwide, Inc.		3,387		197,598
Equifax, Inc.		2,713		187,441
Jacobs Engineering Group, Inc.*		2,937		185,002
Masco Corp.		7,973		181,545
ADT Corp.		4,466		180,739
Quanta Services, Inc.*		4,820		152,119
Xylem, Inc.		4,120		142,552
Snap-on, Inc.		1,299		142,266
Joy Global, Inc.		2,374		138,855
Cintas Corp.		2,249		134,018
Robert Half International, Inc.		3,095		129,959
Iron Mountain, Inc.		3,801		115,360
Pitney Bowes, Inc.		4,506		104,990
Dun & Bradstreet Corp.		852		104,583
Allegion plc*		1,995		88,174
Ryder System, Inc.		1,171		86,396
Total Industrials				40,289,612
Energy - 9.0%
Exxon Mobil Corp.		97,564		9,873,477
Chevron Corp.		42,951		5,365,009
Schlumberger Ltd.		29,412		2,650,315
ConocoPhillips		27,357		1,932,772
Occidental Petroleum Corp.		18,002		1,711,990
Phillips 66		13,390		1,032,770
EOG Resources, Inc.		6,093		1,022,648
Halliburton Co.		18,941		961,256
Anadarko Petroleum Corp.		11,240		891,557
Apache Corp.		8,916		766,241
National Oilwell Varco, Inc.		9,561		760,386
Marathon Petroleum Corp.		6,723		616,701
Valero Energy Corp.		12,050		607,320
Williams Companies, Inc.		15,263		588,694
Pioneer Natural Resources Co.		3,184		586,079
Marathon Oil Corp.		15,558		549,197
Baker Hughes, Inc.		9,899		547,019
Noble Energy, Inc.		8,024		546,515
Kinder Morgan, Inc.		15,037		541,332
Spectra Energy Corp.		14,964		533,018
Devon Energy Corp.		8,523		527,318
Hess Corp.		6,353		527,299
Transocean Ltd.		7,570		374,110
Cabot Oil & Gas Corp.		9,406		364,577
Cameron International Corp.*		5,312		316,223
Southwestern Energy Co.*		7,832		308,033
Range Resources Corp.		3,650		307,732
Chesapeake Energy Corp.		11,289		306,383
Equities Corp.		3,366		302,199
Ensco plc — Class A		5,217		298,308
FMC Technologies, Inc.*		5,284		275,878
Murphy Oil Corp.		3,925		254,654
Noble Corporation plc		5,659		212,043
Helmerich & Payne, Inc.		2,393		201,203
CONSOL Energy, Inc.		5,113		194,498
Tesoro Corp.		2,967		173,570
Denbury Resources, Inc.*		8,189		134,545
QEP Resources, Inc.		4,004		122,723
Peabody Energy Corp.		6,026		117,688
Nabors Industries Ltd.		5,801		98,559
Rowan Companies plc — Class A*		2,775		98,124
WPX Energy, Inc.*		4,482		91,343
Diamond Offshore Drilling, Inc.		1,549		88,169
Newfield Exploration Co.*		3,036		74,777
Total Energy				37,854,252
Consumer Staples - 8.5%
Procter & Gamble Co.		60,708		4,942,239
Coca-Cola Co.		84,816		3,503,750
Philip Morris International, Inc.		35,782		3,117,687
Wal-Mart Stores, Inc.		36,133		2,843,305
PepsiCo, Inc.		34,251		2,840,778
CVS Caremark Corp.		26,583		1,902,545
Altria Group, Inc.		44,667		1,714,766
Mondelez International, Inc. — Class A		39,168		1,382,631
Colgate-Palmolive Co.		19,630		1,280,072
Costco Wholesale Corp.		9,758		1,161,300
Walgreen Co.		19,447		1,117,036
Kimberly-Clark Corp.		8,523		890,313
Kraft Foods Group, Inc.		13,308		717,568
General Mills, Inc.		14,165		706,975
Archer-Daniels-Midland Co.		14,695		637,763
Whole Foods Market, Inc.		8,311		480,624
Sysco Corp.		12,989		468,903
Kroger Co.		11,622		459,418
Estee Lauder Companies, Inc. — Class A		5,718		430,680
Lorillard, Inc.		8,227		416,944
Mead Johnson Nutrition Co. — Class A		4,511		377,841
Kellogg Co.		5,743		350,725
Reynolds American, Inc.		7,001		349,980
Hershey Co.		3,346		325,332
ConAgra Foods, Inc.		9,422		317,521
Brown-Forman Corp. — Class B		3,619		273,488
Clorox Co.		2,882		267,334
Constellation Brands, Inc. — Class A*		3,717		261,602
Beam, Inc.		3,640		247,738
JM Smucker Co.		2,348		243,300
Coca-Cola Enterprises, Inc.		5,393		237,993
Dr Pepper Snapple Group, Inc.		4,481		218,314
Monster Beverage Corp.*		3,030		205,343
McCormick & Company, Inc.		2,949		203,245
Tyson Foods, Inc. — Class A		6,066		202,968

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 87.5% (continued)
Consumer Staples - 8.5% (continued)
Molson Coors Brewing Co. — Class B		3,529	$	198,153
Safeway, Inc.		5,510		179,461
Campbell Soup Co.		4,008		173,466
Avon Products, Inc.		9,688		166,827
Hormel Foods Corp.		3,006		135,781
Total Consumer Staples				35,951,709
Materials - 3.1%
Monsanto Co.		11,744		1,368,763
EI du Pont de Nemours & Co.		20,683		1,343,774
Dow Chemical Co.		27,086		1,202,618
Freeport-McMoRan Copper & Gold, Inc.		23,186		875,040
Praxair, Inc.		6,574		854,818
LyondellBasell Industries N.V. — Class A		9,756		783,211
Ecolab, Inc.		6,056		631,459
PPG Industries, Inc.		3,172		601,602
Air Products & Chemicals, Inc.		4,718		527,378
International Paper Co.		9,908		485,789
Nucor Corp.		7,106		379,318
Mosaic Co.		7,611		359,772
Sherwin-Williams Co.		1,924		353,054
CF Industries Holdings, Inc.		1,279		298,058
Eastman Chemical Co.		3,438		277,447
Newmont Mining Corp.		11,119		256,071
Alcoa, Inc.		23,888		253,929
Sigma-Aldrich Corp.		2,673		251,289
FMC Corp.		2,976		224,569
Vulcan Materials Co.		2,902		172,437
Ball Corp.		3,230		166,861
Airgas, Inc.		1,477		165,202
International Flavors & Fragrances, Inc.		1,820		156,484
Sealed Air Corp.		4,377		149,037
MeadWestvaco Corp.		3,971		146,649
Owens-Illinois, Inc.*		3,684		131,814
Avery Dennison Corp.		2,158		108,310
United States Steel Corp.		3,231		95,315
Bemis Company, Inc.		2,299		94,167
Cliffs Natural Resources, Inc.		3,420		89,638
Allegheny Technologies, Inc.		2,408		85,797
Total Materials				12,889,670
Utilities - 2.5%
Duke Energy Corp.		15,767		1,088,082
Dominion Resources, Inc.		12,964		838,641
NextEra Energy, Inc.		9,618		823,493
Southern Co.		19,693		809,579
Exelon Corp.		19,138		524,190
American Electric Power Company, Inc.		10,883		508,671
Sempra Energy		5,076		455,622
PPL Corp.		14,076		423,547
PG&E Corp.		10,030		404,008
Public Service Enterprise Group, Inc.		11,298		361,988
Consolidated Edison, Inc.		6,541		361,586
Edison International		7,276		336,879
Xcel Energy, Inc.		11,114		310,525
FirstEnergy Corp.		9,341		308,066
Northeast Utilities		7,037		298,298
ONEOK, Inc.		4,607		286,463
DTE Energy Co.		3,950		262,241
Entergy Corp.		3,982		251,941
NiSource, Inc.		7,001		230,193
CenterPoint Energy, Inc.		9,573		221,902
AES Corp.		14,664		212,774
Wisconsin Energy Corp.		5,059		209,139
NRG Energy, Inc.		7,219		207,330
Ameren Corp.		5,419		195,951
CMS Energy Corp.		5,941		159,041
SCANA Corp.		3,134		147,079
Pinnacle West Capital Corp.		2,454		129,866
AGL Resources, Inc.		2,653		125,301
Pepco Holdings, Inc.		5,578		106,707
Integrys Energy Group, Inc.		1,784		97,067
TECO Energy, Inc.		4,562		78,649
Total Utilities				10,774,819
Telecommunication Services - 2.0%
AT&T, Inc.		117,653		4,136,678
Verizon Communications, Inc.		63,913		3,140,685
Crown Castle International Corp.*		7,464		548,082
CenturyLink, Inc.		13,201		420,452
Windstream Holdings, Inc.1		13,312		106,230
Frontier Communications Corp.1		22,323		103,802
Total Telecommunication Services				8,455,929
Total Common Stocks
(Cost $262,712,509)				368,351,324
		Face Amount
REPURCHASE AGREEMENT††,2 - 0.1%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/143	$	459,296		459,296
Total Repurchase Agreement
(Cost $459,296)				459,296
SECURITIES LENDING COLLATERAL††,4 - 0.1%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		202,915		202,915
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		29,910		29,910
Total Securities Lending Collateral
(Cost $232,825)				232,825
Total Investments - 87.7%
(Cost $263,404,630)			$	369,043,445
Other Assets & Liabilities, net - 12.3%				51,630,566
Total Net Assets - 100.0%			$	420,674,011

S&P 500® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED†
March 2014 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $19,456,838)		211	$	443,394

	Units
EQUITY INDEX SWAP AGREEMENTS††
Credit Suisse Capital, LLC January 2014 S&P 500 Index Swap, Terminating 01/28/145 (Notional Value $18,060,811)		9,771	$	74,037

Barclays Bank plc January 2014 S&P 500 Index Swap, Terminating 01/31/145 (Notional Value $10,683,490)	5,780		40,804
Goldman Sachs International January 2014 S&P 500 Index Swap, Terminating 01/28/145 (Notional Value $3,638,452)	1,969		13,383
(Total Notional Value $32,382,753)		$	128,224

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreement — See Note 3.
3	All or a portion of this security is pledged as equity index swap collateral at December 31, 2013.
4	Securities lending collateral — See Note 4.
5	Total Return based on S&P 500 Index +/- financing at a variable rate.

plc — Public Limited Company

REIT — Real Estate Investment Trust

S&P MidCap 400® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Industrials - 21.4%
AO Smith Corp.		107,400	$	5,793,156
Trinity Industries, Inc.		100,800		5,495,617
Corporate Executive Board Co.		62,600		4,847,118
Kirby Corp.*		46,600		4,625,050
B/E Aerospace, Inc.*		52,300		4,551,669
United Rentals, Inc.*		52,100		4,061,195
Wabtec Corp.		52,160		3,873,923
Terex Corp.		84,800		3,560,752
Towers Watson & Co. — Class A		25,200		3,215,772
Old Dominion Freight Line, Inc.*		58,100		3,080,462
Alaska Air Group, Inc.		38,165		2,800,166
Graco, Inc.		33,700		2,632,644
Fortune Brands Home & Security, Inc.		51,400		2,348,980
HNI Corp.		58,000		2,252,140
Genesee & Wyoming, Inc. — Class A*		23,300		2,237,965
Lincoln Electric Holdings, Inc.		28,300		2,018,922
Copart, Inc.*		50,574		1,853,537
IDEX Corp.		21,200		1,565,620
Deluxe Corp.		27,400		1,430,006
J.B. Hunt Transport Services, Inc.		17,700		1,368,210
Total Industrials				63,612,904
Consumer Discretionary - 20.2%
Tempur Sealy International, Inc.*		105,900		5,714,364
Deckers Outdoor Corp.*		61,400		5,185,844
Wendy's Co.		569,200		4,963,424
Toll Brothers, Inc.*		128,700		4,761,900
Bally Technologies, Inc.*		55,800		4,377,510
Polaris Industries, Inc.		29,033		4,228,366
Under Armour, Inc. — Class A*		46,820		4,087,386
LKQ Corp.*		115,170		3,789,093
Jarden Corp.*		49,700		3,049,095
Tractor Supply Co.		37,208		2,886,597
Gentex Corp.		80,666		2,661,171
Brinker International, Inc.		51,600		2,391,144
Scientific Games Corp. — Class A*		133,500		2,260,155
Hanesbrands, Inc.		31,000		2,178,370
Brunswick Corp.		47,100		2,169,426
Sotheby's		30,900		1,643,880
Domino's Pizza, Inc.		20,200		1,406,930
DreamWorks Animation SKG, Inc. — Class A*		38,300		1,359,650
Carter's, Inc.		17,500		1,256,325
Total Consumer Discretionary				60,370,630
Financials - 18.6%
Synovus Financial Corp.		1,981,600		7,133,760
BancorpSouth, Inc.		230,200		5,851,684
Cathay General Bancorp		196,007		5,239,267
SVB Financial Group*		49,100		5,148,626
Old Republic International Corp.		294,700		5,089,469
Associated Banc-Corp.		244,500		4,254,300
Waddell & Reed Financial, Inc. — Class A		51,700		3,366,704
Washington Federal, Inc.		121,797		2,836,652
Signature Bank*		25,701		2,760,801
CBOE Holdings, Inc.		50,900		2,644,764
Affiliated Managers Group, Inc.*		11,200		2,429,056
City National Corp.		26,708		2,115,808
MSCI, Inc. — Class A*		47,100		2,059,212
East West Bancorp, Inc.		50,500		1,765,985
Alexander & Baldwin, Inc.		36,700		1,531,491
Omega Healthcare Investors, Inc.		41,500		1,236,700
Total Financials				55,464,279
Information Technology - 15.4%
3D Systems Corp.*,1		77,300		7,183,489
PTC, Inc.*		97,200		3,439,908
Mentor Graphics Corp.		140,300		3,377,021
ACI Worldwide, Inc.*		49,279		3,203,135
WEX, Inc.*		31,469		3,116,375
Concur Technologies, Inc.*		24,070		2,483,543
Cree, Inc.*		38,700		2,421,459
NeuStar, Inc. — Class A*		47,876		2,387,097
CoreLogic, Inc.*		64,000		2,273,920
Ciena Corp.*		87,800		2,101,054
ValueClick, Inc.*		89,100		2,082,267
Advent Software, Inc.		55,200		1,931,448
Fair Isaac Corp.		30,100		1,891,484
Acxiom Corp.*		48,100		1,778,738
CommVault Systems, Inc.*		21,600		1,617,408
Trimble Navigation Ltd.*		45,994		1,595,992
Global Payments, Inc.		24,300		1,579,257
Broadridge Financial Solutions, Inc.		36,100		1,426,672
Total Information Technology				45,890,267
Health Care - 9.3%
Salix Pharmaceuticals Ltd.*		73,700		6,628,578
United Therapeutics Corp.*		55,552		6,281,820
Endo Health Solutions, Inc.*		80,900		5,457,514
Universal Health Services, Inc. — Class B		43,700		3,551,062
Cubist Pharmaceuticals, Inc.*		33,600		2,314,032
Charles River Laboratories International, Inc.*		33,400		1,771,536
Covance, Inc.*		19,500		1,717,170
Total Health Care				27,721,712
Energy - 8.4%
Patterson-UTI Energy, Inc.		211,000		5,342,520
SM Energy Co.		58,000		4,820,380
Rosetta Resources, Inc.*		65,300		3,137,012
Oil States International, Inc.*		30,600		3,112,632
Oceaneering International, Inc.		36,100		2,847,568
CARBO Ceramics, Inc.		18,800		2,190,764
Dril-Quip, Inc.*		16,800		1,846,824
Gulfport Energy Corp.*		27,700		1,749,255
Total Energy				25,046,955
Consumer Staples - 3.6%
Green Mountain Coffee Roasters, Inc.*		81,300		6,144,654
Hain Celestial Group, Inc.*		26,500		2,405,670
SUPERVALU, Inc.*		313,300		2,283,957
Total Consumer Staples				10,834,281
Materials - 2.7%
Worthington Industries, Inc.		72,749		3,061,278

S&P MidCap 400® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Materials - 2.7% (continued)
Packaging Corporation of America		39,400	$	2,493,232
Eagle Materials, Inc.		31,200		2,415,816
Total Materials				7,970,326
Total Common Stocks
(Cost $239,938,524)				296,911,354
		Face Amount
REPURCHASE AGREEMENTS††,2 - 0.6%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,480,904		1,480,904
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		238,865		238,865
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		148,249		148,249
Total Repurchase Agreements
(Cost $1,868,018)				1,868,018

SECURITIES LENDING COLLATERAL††,3 - 1.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	4,743,420		4,743,420
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14	699,180		699,180
Total Securities Lending Collateral
(Cost $5,442,600)			5,442,600
Total Investments - 102.0%
(Cost $247,249,142)		$	304,221,972
Other Assets & Liabilities, net - (2.0)%			(6,023,505	)
Total Net Assets - 100.0%		$	298,198,467

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4.

S&P MidCap 400® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Financials - 20.4%
Reinsurance Group of America, Inc. — Class A		3,003	$	232,462
First American Financial Corp.		6,620		186,685
Hanover Insurance Group, Inc.		3,030		180,921
Kemper Corp.		3,651		149,254
Protective Life Corp.		2,939		148,889
Aspen Insurance Holdings Ltd.		3,516		145,246
Fidelity National Financial, Inc. — Class A		3,870		125,582
American Financial Group, Inc.		2,127		122,771
Alleghany Corp.*		290		115,988
WR Berkley Corp.		2,548		110,558
Everest Re Group Ltd.		707		110,200
StanCorp Financial Group, Inc.		1,562		103,483
First Niagara Financial Group, Inc.		9,156		97,236
HCC Insurance Holdings, Inc.		1,760		81,206
Mercury General Corp.		1,440		71,582
Astoria Financial Corp.		4,942		68,348
Apollo Investment Corp.		7,901		67,000
Hancock Holding Co.		1,480		54,286
International Bancshares Corp.		1,927		50,854
Janus Capital Group, Inc.		4,051		50,111
Fulton Financial Corp.		3,830		50,096
Valley National Bancorp		4,200		42,504
New York Community Bancorp, Inc.		2,521		42,479
Total Financials				2,407,741
Information Technology - 17.0%
ManTech International Corp. — Class A		8,907		266,587
Ingram Micro, Inc. — Class A*		11,116		260,780
Tech Data Corp.*		5,011		258,567
Avnet, Inc.		5,314		234,401
Arrow Electronics, Inc.*		4,095		222,154
Leidos Holdings, Inc.		3,780		175,732
Vishay Intertechnology, Inc.*		11,566		153,365
Science Applications International Corp.		3,900		128,973
Lexmark International, Inc. — Class A		3,540		125,741
Convergys Corp.		3,240		68,202
Fairchild Semiconductor International, Inc. — Class A*		4,510		60,209
Itron, Inc.*		1,300		53,859
Total Information Technology				2,008,570
Industrials - 15.8%
URS Corp.		5,047		267,440
AECOM Technology Corp.*		7,304		214,957
JetBlue Airways Corp.*		21,212		181,363
AGCO Corp.		2,675		158,332
Manpowergroup, Inc.		1,595		136,947
Oshkosh Corp.		2,429		122,373
Brink's Co.		3,520		120,173
Granite Construction, Inc.		3,390		118,582
Exelis, Inc.		4,761		90,744
KBR, Inc.		2,708		86,358
Triumph Group, Inc.		980		74,549
Regal-Beloit Corp.		920		67,822
Esterline Technologies Corp.*		660		67,294
Matson, Inc.		2,260		59,009
UTI Worldwide, Inc.		2,701		47,430
Werner Enterprises, Inc.		1,870		46,245
Total Industrials				1,859,618
Consumer Discretionary - 11.4%
Rent-A-Center, Inc. — Class A		4,430		147,696
Big Lots, Inc.*		4,460		144,013
Valassis Communications, Inc.		4,093		140,185
MDC Holdings, Inc.		4,240		136,698
CST Brands, Inc.		3,340		122,645
Murphy USA, Inc.*		2,830		117,615
Abercrombie & Fitch Co. — Class A		3,480		114,527
Ascena Retail Group, Inc.*		3,490		73,848
Aaron's, Inc.		2,310		67,914
Apollo Education Group, Inc. — Class A*		2,420		66,114
Foot Locker, Inc.		1,350		55,944
JC Penney Company, Inc.*,1		6,030		55,175
ANN, Inc.*		1,430		52,281
DeVry Education Group, Inc.		1,370		48,635
Total Consumer Discretionary				1,343,290
Materials - 8.2%
Domtar Corp.		1,880		177,359
Commercial Metals Co.		7,453		151,519
Steel Dynamics, Inc.		6,570		128,378
Reliance Steel & Aluminum Co.		1,689		128,094
Greif, Inc. — Class A		2,007		105,167
Ashland, Inc.		1,030		99,952
Olin Corp.		3,400		98,090
Cabot Corp.		1,491		76,637
Total Materials				965,196
Health Care - 6.9%
Community Health Systems, Inc.*		4,778		187,631
Health Net, Inc.*		6,299		186,892
LifePoint Hospitals, Inc.*		3,040		160,634
WellCare Health Plans, Inc.*		2,070		145,769
Owens & Minor, Inc.		3,525		128,874
Total Health Care				809,800
Energy - 6.7%
HollyFrontier Corp.		3,730		185,344
World Fuel Services Corp.		4,187		180,711
Superior Energy Services, Inc.*		6,472		172,220
Alpha Natural Resources, Inc.*		12,580		89,821
Tidewater, Inc.		1,472		87,245
Unit Corp.*		1,364		70,410
Total Energy				785,751
Utilities - 5.8%
Great Plains Energy, Inc.		4,424		107,238
UGI Corp.		2,534		105,059
PNM Resources, Inc.		4,170		100,580
Hawaiian Electric Industries, Inc.		3,850		100,331
Westar Energy, Inc.		2,310		74,313
WGL Holdings, Inc.		1,850		74,111
Atmos Energy Corp.		1,587		72,082
IDACORP, Inc.		980		50,803
Total Utilities				684,517

S&P MidCap 400® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Consumer Staples - 5.8%
Universal Corp.		4,104	$	224,079
Dean Foods Co.*		8,640		148,522
Harris Teeter Supermarkets, Inc.		2,140		105,609
United Natural Foods, Inc.*		1,000		75,390
Ingredion, Inc.		1,040		71,198
Post Holdings, Inc.*		1,190		58,631
Total Consumer Staples				683,429
Telecommunication Services - 1.6%
Telephone & Data Systems, Inc.		7,269		187,395
Total Common Stocks
(Cost $9,188,594)				11,735,307

	Face Amount
REPURCHASE AGREEMENTS††,2 - 0.8%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	72,730		72,730
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		11,731		11,731
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		7,281		7,281
Total Repurchase Agreements
(Cost $91,742)				91,742
SECURITIES LENDING COLLATERAL††,3 - 0.2%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		16,123		16,123
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		2,377		2,377
Total Securities Lending Collateral
(Cost $18,500)				18,500
Total Investments - 100.6%
(Cost $9,298,836)			$	11,845,549
Other Assets & Liabilities, net - (0.6)%				(76,061	)
Total Net Assets - 100.0%			$	11,769,488

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4.

S&P SmallCap 600® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Financials - 23.3%
HCI Group, Inc.		19,400	$	1,037,900
MB Financial, Inc.		29,800		956,282
United Community Banks, Inc.*		45,200		802,300
Umpqua Holdings Corp.		41,900		801,966
Forestar Group, Inc.*		37,300		793,371
BBCN Bancorp, Inc.		42,883		711,429
Virtus Investment Partners, Inc.*		3,520		704,176
PrivateBancorp, Inc. — Class A		24,081		696,663
Employers Holdings, Inc.		20,900		661,485
Home BancShares, Inc.		17,490		653,252
Encore Capital Group, Inc.*		12,110		608,648
Portfolio Recovery Associates, Inc.*		11,302		597,198
First Midwest Bancorp, Inc.		33,600		589,008
Pinnacle Financial Partners, Inc.		17,972		584,629
HFF, Inc. — Class A*		21,638		580,980
CoreSite Realty Corp.		17,630		567,510
PacWest Bancorp1		13,281		560,724
Oritani Financial Corp.		33,793		542,377
MarketAxess Holdings, Inc.		8,010		535,629
BofI Holding, Inc.*		6,783		531,991
Sabra Health Care REIT, Inc.		19,390		506,855
Wilshire Bancorp, Inc.		44,281		483,991
Bank of the Ozarks, Inc.		7,973		451,192
Boston Private Financial Holdings, Inc.		34,810		439,302
Evercore Partners, Inc. — Class A		7,300		436,394
Glacier Bancorp, Inc.		13,000		387,270
Texas Capital Bancshares, Inc.*		5,214		324,311
Financial Engines, Inc.		4,400		305,712
eHealth, Inc.*		5,858		272,338
First Financial Bankshares, Inc.		3,100		205,592
First Cash Financial Services, Inc.*		3,169		195,971
Total Financials				17,526,446
Information Technology - 22.4%
XO Group, Inc.*		68,243		1,014,090
CalAmp Corp.*		36,207		1,012,710
Electronics for Imaging, Inc.*		22,740		880,720
Blucora, Inc.*		29,498		860,162
iGATE Corp.*		19,873		798,100
Virtusa Corp.*		19,100		727,519
Dealertrack Technologies, Inc.*		14,021		674,130
Perficient, Inc.*		28,753		673,395
Interactive Intelligence Group, Inc.*		9,453		636,754
OpenTable, Inc.*		7,924		628,928
Methode Electronics, Inc.		18,300		625,677
Harmonic, Inc.*		74,200		547,596
Monotype Imaging Holdings, Inc.		17,100		544,806
Manhattan Associates, Inc.*		4,440		521,611
j2 Global, Inc.		10,300		515,103
Daktronics, Inc.		32,300		506,464
Tyler Technologies, Inc.*		4,763		486,445
Synchronoss Technologies, Inc.*		15,300		475,371
Stamps.com, Inc.*		10,387		437,293
Synaptics, Inc.*		8,100		419,661
Measurement Specialties, Inc.*		6,270		380,526
NIC, Inc.		15,107		375,711
Belden, Inc.		5,200		366,340
Cardtronics, Inc.*		8,200		356,290
Advanced Energy Industries, Inc.*		15,330		350,444
FARO Technologies, Inc.*		5,200		303,160
LogMeIn, Inc.*		8,500		285,175
Cognex Corp.		7,271		277,607
MTS Systems Corp.		3,700		263,625
FEI Co.		2,900		259,144
MAXIMUS, Inc.		5,584		245,640
Blackbaud, Inc.		6,500		244,725
comScore, Inc.*		6,000		171,660
Total Information Technology				16,866,582
Consumer Discretionary - 16.8%
Multimedia Games Holding Company, Inc.*		29,870		936,723
Lithia Motors, Inc. — Class A		13,200		916,344
MarineMax, Inc.*		45,400		730,032
Buffalo Wild Wings, Inc.*		4,763		701,114
Arctic Cat, Inc.		11,420		650,711
Winnebago Industries, Inc.*		20,445		561,215
Iconix Brand Group, Inc.*		13,500		535,950
Lumber Liquidators Holdings, Inc.*		5,067		521,344
EW Scripps Co. — Class A*		23,900		519,108
Monarch Casino & Resort, Inc.*		24,200		485,936
Universal Electronics, Inc.*		12,600		480,186
Red Robin Gourmet Burgers, Inc.*		6,100		448,594
Ruth's Hospitality Group, Inc.		31,400		446,194
Wolverine World Wide, Inc.		12,500		424,500
Capella Education Co.		6,200		411,928
Pinnacle Entertainment, Inc.*		14,900		387,251
Drew Industries, Inc.		7,270		372,224
La-Z-Boy, Inc.		11,600		359,600
Movado Group, Inc.		8,135		358,021
Sturm Ruger & Company, Inc.1		4,642		339,284
Kirkland's, Inc.*		13,600		321,912
Steven Madden Ltd.*		8,566		313,430
Papa John's International, Inc.		6,340		287,836
Sonic Corp.*		14,200		286,698
American Public Education, Inc.*		6,515		283,207
Hillenbrand, Inc.		9,600		282,432
Texas Roadhouse, Inc. — Class A		9,100		252,980
Total Consumer Discretionary				12,614,754
Health Care - 15.9%
Akorn, Inc.*		43,350		1,067,710
Questcor Pharmaceuticals, Inc.1		16,656		906,919
ABIOMED, Inc.*		26,100		697,914
Anika Therapeutics, Inc.*		16,900		644,904
Cambrex Corp.*		34,750		619,593
Natus Medical, Inc.*		26,000		585,000
Omnicell, Inc.*		22,700		579,531
Prestige Brands Holdings, Inc.*		14,896		533,277
Acorda Therapeutics, Inc.*		18,097		528,432
Medidata Solutions, Inc.*		8,400		508,788
Cantel Medical Corp.		14,815		502,377
Align Technology, Inc.*		8,500		485,775
CryoLife, Inc.		42,700		473,543
MWI Veterinary Supply, Inc.*		2,699		460,422

S&P SmallCap 600® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Health Care - 15.9% (continued)
Ligand Pharmaceuticals, Inc. — Class B*		8,500	$	447,100
Corvel Corp.*		9,500		443,650
Medicines Co.*		10,942		422,580
IPC The Hospitalist Company, Inc.*		6,100		362,279
NuVasive, Inc.*		9,500		307,135
Air Methods Corp.*		4,997		291,475
SurModics, Inc.*		11,900		290,241
ViroPharma, Inc.*		5,543		276,319
West Pharmaceutical Services, Inc.		4,300		210,958
HealthStream, Inc.*		5,122		167,848
Neogen Corp.*		3,537		161,641
Total Health Care				11,975,411
Industrials - 9.1%
On Assignment, Inc.*		26,620		929,570
GenCorp, Inc.*		48,900		881,178
DXP Enterprises, Inc.*		6,800		783,360
Saia, Inc.*		22,800		730,740
Dycom Industries, Inc.*		24,900		691,971
Federal Signal Corp.*		43,200		632,880
AAON, Inc.		16,600		530,370
CIRCOR International, Inc.		5,500		444,290
EnerSys, Inc.		5,500		385,495
Allegiant Travel Co. — Class A		2,261		238,400
AZZ, Inc.		4,875		238,193
Apogee Enterprises, Inc.		5,700		204,687
Mobile Mini, Inc.*		4,600		189,428
Total Industrials				6,880,562
Energy - 7.8%
Matrix Service Co.*		43,800		1,071,786
Carrizo Oil & Gas, Inc.*		18,900		846,153
Tesco Corp.*		37,100		733,838
Stone Energy Corp.*		19,300		667,587
Era Group, Inc.*		20,301		626,489
C&J Energy Services, Inc.*		26,400		609,840
Newpark Resources, Inc.*		47,100		578,859
Northern Oil and Gas, Inc.*		29,490		444,414
Geospace Technologies Corp.*		2,850		270,266
Total Energy				5,849,232
Materials - 2.6%
KapStone Paper and Packaging Corp.*		13,200		737,352
Flotek Industries, Inc.*		20,100		403,407
American Vanguard Corp.		15,025		364,957
HB Fuller Co.		5,338		277,790
Balchem Corp.		3,000		176,100
Total Materials				1,959,606
Consumer Staples - 1.4%
Boston Beer Company, Inc. — Class A*		2,400		580,296
Inter Parfums, Inc.		14,175		507,607
Total Consumer Staples				1,087,903
Telecommunication Services - 0.3%
Lumos Networks Corp.		9,700		203,700
Total Common Stocks
(Cost $66,592,530)				74,964,196
		Face Amount
REPURCHASE AGREEMENTS††,2 - 0.5%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	327,737		327,737
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		52,863		52,863
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		32,809		32,809
Total Repurchase Agreements
(Cost $413,409)				413,409
SECURITIES LENDING COLLATERAL††,3 - 1.7%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		1,129,358		1,129,358
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		166,467		166,467
Total Securities Lending Collateral
(Cost $1,295,825)				1,295,825
Total Investments - 101.8%
(Cost $68,301,764)			$	76,673,430
Other Assets & Liabilities, net - (1.8)%				(1,366,478	)
Total Net Assets - 100.0%			$	75,306,952

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4 .
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4 .

REIT — Real Estate Investment Trust

S&P SmallCap 600® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Industrials - 20.5%
CDI Corp.		29,997	$	555,843
SkyWest, Inc.		36,699		544,246
Kelly Services, Inc. — Class A		21,109		526,458
Atlas Air Worldwide Holdings, Inc.*		12,130		499,150
Engility Holdings, Inc.*		14,280		476,952
Griffon Corp.		32,739		432,481
Titan International, Inc.		23,970		430,981
ABM Industries, Inc.		12,752		364,580
Universal Forest Products, Inc.		6,699		349,286
EMCOR Group, Inc.		8,028		340,708
United Stationers, Inc.		7,384		338,852
Hub Group, Inc. — Class A*		7,440		296,707
Aegion Corp. — Class A*		13,470		294,858
AAR Corp.		10,498		294,049
Viad Corp.		9,618		267,188
Insperity, Inc.		6,521		235,604
Heidrick & Struggles International, Inc.		11,048		222,507
Gibraltar Industries, Inc.*		11,462		213,079
Briggs & Stratton Corp.		8,963		195,035
Consolidated Graphics, Inc.*		2,873		193,755
Astec Industries, Inc.		4,645		179,436
Kaman Corp.		4,160		165,277
Mueller Industries, Inc.		2,210		139,252
Curtiss-Wright Corp.		2,165		134,728
Quanex Building Products Corp.		6,200		123,504
National Presto Industries, Inc.		1,530		123,165
Resources Connection, Inc.		7,890		113,064
Orion Marine Group, Inc.*		8,720		104,902
Korn/Ferry International*		3,930		102,652
Total Industrials				8,258,299
Consumer Discretionary - 20.0%
Perry Ellis International, Inc.*		35,597		562,077
VOXX International Corp. — Class A*		29,346		490,078
M/I Homes, Inc.*		17,320		440,793
Fred's, Inc. — Class A		22,650		419,478
Scholastic Corp.		11,970		407,100
Group 1 Automotive, Inc.		5,642		400,694
Stage Stores, Inc.		16,580		368,407
Big 5 Sporting Goods Corp.		18,080		358,346
Sonic Automotive, Inc. — Class A		13,500		330,479
Superior Industries International, Inc.		15,630		322,446
Regis Corp.		22,040		319,800
Pep Boys-Manny Moe & Jack*		26,333		319,683
Brown Shoe Company, Inc.		10,680		300,534
Ruby Tuesday, Inc.*		42,769		296,389
Spartan Motors, Inc.		37,405		250,614
Biglari Holdings, Inc.*		490		248,254
Career Education Corp.*		39,109		222,921
Stein Mart, Inc.		15,837		213,008
Marcus Corp.		15,511		208,468
Christopher & Banks Corp.*		22,960		196,078
JAKKS Pacific, Inc.		29,112		195,924
Standard Pacific Corp.*		19,670		178,014
Genesco, Inc.*		2,385		174,248
Children's Place Retail Stores, Inc.*		2,780		158,377
Meritage Homes Corp.*		3,250		155,968
Crocs, Inc.*		9,490		151,081
Digital Generation, Inc.*		9,590		122,273
Finish Line, Inc. — Class A		3,650		102,821
Aeropostale, Inc.*		10,640		96,718
Total Consumer Discretionary				8,011,071
Information Technology - 16.2%
Black Box Corp.		19,740		588,253
Sanmina Corp.*		29,690		495,823
CIBER, Inc.*		102,327		423,633
CACI International, Inc. — Class A*		5,780		423,212
Benchmark Electronics, Inc.*		18,061		416,848
Monster Worldwide, Inc.*		57,900		412,827
Insight Enterprises, Inc.*		17,170		389,930
SYNNEX Corp.*		5,413		364,836
ScanSource, Inc.*		7,958		337,658
TTM Technologies, Inc.*		35,210		302,102
Anixter International, Inc.		2,709		243,377
Bel Fuse, Inc. — Class B		11,210		238,885
Super Micro Computer, Inc.*		13,855		237,752
Plexus Corp.*		5,119		221,602
Oplink Communications, Inc.*		9,740		181,164
NETGEAR, Inc.*		5,050		166,347
Digi International, Inc.*		12,795		155,075
Rudolph Technologies, Inc.*		12,620		148,159
Rofin-Sinar Technologies, Inc.*		5,460		147,529
Ebix, Inc.1		9,220		135,718
Kulicke & Soffa Industries, Inc.*		10,130		134,729
Diodes, Inc.*		5,310		125,104
Brooks Automation, Inc.		11,580		121,474
Mercury Systems, Inc.*		9,599		105,109
Total Information Technology				6,517,146
Financials - 13.3%
Stewart Information Services Corp.		16,739		540,168
EZCORP, Inc. — Class A*		43,440		507,813
Cash America International, Inc.		11,945		457,494
United Fire Group, Inc.		11,224		321,680
Calamos Asset Management, Inc. — Class A		26,750		316,720
Infinity Property & Casualty Corp.		4,354		312,400
Navigators Group, Inc.*		4,770		301,273
Piper Jaffray Cos.*		7,500		296,625
Horace Mann Educators Corp.		8,137		256,641
Susquehanna Bancshares, Inc.		17,650		226,626
Safety Insurance Group, Inc.		3,772		212,364
Meadowbrook Insurance Group, Inc.		30,340		211,166
Selective Insurance Group, Inc.		7,715		208,768
Wintrust Financial Corp.		4,310		198,777
Capstead Mortgage Corp.		14,390		173,831
Prospect Capital Corp.		14,910		167,290
Brookline Bancorp, Inc.		17,190		164,508
Provident Financial Services, Inc.		6,550		126,546
ProAssurance Corp.		2,420		117,322
FNB Corp.		8,460		106,765

S&P SmallCap 600® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Financials - 13.3% (continued)
SWS Group, Inc.*		16,025	$	97,432
Total Financials				5,322,209
Health Care - 8.0%
Cross Country Healthcare, Inc.*		39,532		394,528
PharMerica Corp.*		17,325		372,488
Magellan Health Services, Inc.*		6,150		368,447
Molina Healthcare, Inc.*		10,575		367,481
Kindred Healthcare, Inc.		18,028		355,873
Almost Family, Inc.*		8,897		287,640
LHC Group, Inc.*		11,732		282,037
Invacare Corp.		11,694		271,418
Centene Corp.*		4,365		257,317
AMN Healthcare Services, Inc.*		8,970		131,859
Healthways, Inc.*		8,590		131,857
Total Health Care				3,220,945
Materials - 7.3%
Olympic Steel, Inc.		15,388		445,945
Materion Corp.		12,577		388,000
AM Castle & Co.*		22,520		332,621
Century Aluminum Co.*		31,330		327,711
A. Schulman, Inc.		7,603		268,082
Kaiser Aluminum Corp.		3,790		266,210
PH Glatfelter Co.		5,595		154,645
Zep, Inc.		8,095		147,005
Clearwater Paper Corp.*		2,710		142,275
Kraton Performance Polymers, Inc.*		5,660		130,463
OM Group, Inc.*		2,993		108,975
Neenah Paper, Inc.		2,380		101,793
Stepan Co.		1,500		98,445
Total Materials				2,912,170
Energy - 6.0%
Green Plains Renewable Energy, Inc.		29,550		572,975
Pioneer Energy Services Corp.*		44,890		359,569
Cloud Peak Energy, Inc.*		19,725		355,050
Swift Energy Co.*,1		26,051		351,689
Exterran Holdings, Inc.*		7,700		263,339
Gulf Island Fabrication, Inc.		9,355		217,223
Arch Coal, Inc.1		41,750		185,788
SEACOR Holdings, Inc.*		1,115		101,688
Total Energy				2,407,321
Consumer Staples - 4.6%
Seneca Foods Corp. — Class A*		18,169		579,409
Central Garden and Pet Co. — Class A*		73,086		493,331
Spartan Stores, Inc.		16,781		407,433
Sanderson Farms, Inc.		2,660		192,398
Alliance One International, Inc.*		59,165		180,453
Total Consumer Staples				1,853,024
Utilities - 1.9%
New Jersey Resources Corp.		4,580		211,778
Avista Corp.		7,459		210,269
Laclede Group, Inc.		2,840		129,334
NorthWestern Corp.		2,490		107,867
UIL Holdings Corp.		2,710		105,013
Total Utilities				764,261
Telecommunication Services - 1.8%
Cbeyond, Inc.*		50,570		348,933
USA Mobility, Inc.		13,864		197,978
Atlantic Tele-Network, Inc.		2,780		157,265
Total Telecommunication Services				704,176
Total Common Stocks
(Cost $33,475,593)				39,970,622
		Face Amount
REPURCHASE AGREEMENTS††,2 - 0.7%
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	221,123		221,123
HSBC Group issued 12/31/13 at 0.01% due 01/02/14		35,666		35,666
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14		22,136		22,136
Total Repurchase Agreements
(Cost $278,925)				278,925
SECURITIES LENDING COLLATERAL††,3 - 1.3%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14		457,622		457,622
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		67,453		67,453
Total Securities Lending Collateral
(Cost $525,075)				525,075
Total Investments - 101.6%
(Cost $34,279,593)			$	40,774,622
Other Assets & Liabilities, net - (1.6)%				(639,277	)
Total Net Assets - 100.0%			$	40,135,345

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note  4.
2	Repurchase Agreements — See Note 3.
3	Securities lending collateral — See Note 4.

Strengthening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENT††,1 - 1.4%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142	$	296,397	$	296,397
Total Repurchase Agreement
(Cost $296,397)				296,397
Total Investments - 1.4%
(Cost $296,397)			$	296,397
Other Assets & Liabilities, net - 98.6%				20,839,034
Total Net Assets - 100.0%			$	21,135,431

	Contracts		Unrealized Loss
CURRENCY FUTURES CONTRACTS PURCHASED†
March 2014 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $36,855,405)		459	$	(78,596	)

	Units
CURRENCY INDEX SWAP AGREEMENTS††
Goldman Sachs International February 2014 U.S. Dollar Index Swap, Terminating 02/27/143 (Notional Value $5,420,045)		67,546	$	(23,448	)

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreement — See Note 3.
2	All or a portion of this security is pledged as currency index swap collateral at December 31, 2013.
3	Total Return based on U.S. Dollar Index +/- financing at a variable rate.

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Internet Software & Services - 20.6%
Google, Inc. — Class A*		1,091	$	1,222,694
Facebook, Inc. — Class A*		12,290		671,770
eBay, Inc.*		9,104		499,719
Twitter, Inc.*,1		6,080		386,992
Yahoo!, Inc.*		9,290		375,688
Baidu, Inc. ADR*		2,016		358,606
LinkedIn Corp. — Class A*		1,415		306,814
SINA Corp.*		3,191		268,842
Qihoo 360 Technology Company Ltd. ADR*		3,060		251,073
Yandex N.V. — Class A*		5,767		248,846
Youku Tudou, Inc. ADR*		8,080		244,824
MercadoLibre, Inc.		2,217		238,970
SouFun Holdings Ltd. ADR		2,870		236,517
Sohu.com, Inc.*		3,180		231,917
NetEase, Inc. ADR		2,950		231,870
YY, Inc. ADR*		4,560		229,277
Equinix, Inc.*		1,075		190,759
Akamai Technologies, Inc.*		3,625		171,028
VeriSign, Inc.*		2,833		169,357
Rackspace Hosting, Inc.*		3,530		138,129
IAC/InterActiveCorp		1,940		133,259
Yelp, Inc. — Class A*		1,880		129,626
Pandora Media, Inc.*		4,810		127,946
AOL, Inc.*		2,470		115,151
Zillow, Inc. — Class A*		1,260		102,980
OpenTable, Inc.*		1,070		84,926
Trulia, Inc.*		2,040		71,951
Total Internet Software & Services				7,439,531
Semiconductors - 16.0%
Intel Corp.		25,694		667,015
Texas Instruments, Inc.		9,356		410,821
Micron Technology, Inc.*		13,206		287,363
Taiwan Semiconductor Manufacturing Company Ltd. ADR		15,574		271,611
Himax Technologies, Inc. ADR		17,220		253,306
NXP Semiconductor N.V.*		5,430		249,400
Marvell Technology Group Ltd.		17,336		249,292
Avago Technologies Ltd.		4,626		244,669
Broadcom Corp. — Class A		8,122		240,817
Analog Devices, Inc.		4,620		235,297
ARM Holdings plc ADR		4,282		234,397
Trina Solar Ltd. ADR*		16,160		220,907
Canadian Solar, Inc.*		7,170		213,809
Xilinx, Inc.		4,538		208,385
Linear Technology Corp.		4,210		191,766
Altera Corp.		5,886		191,472
NVIDIA Corp.		11,223		179,792
Microchip Technology, Inc.		3,941		176,360
Cree, Inc.*		2,650		165,811
Maxim Integrated Products, Inc.		5,912		165,004
Skyworks Solutions, Inc.*		4,809		137,345
First Solar, Inc.*		2,389		130,535
LSI Corp.		11,136		122,719
Atmel Corp.*		13,960		109,307
SunPower Corp. — Class A*		3,610		107,614
Synaptics, Inc.*		1,530		79,269
Cirrus Logic, Inc.*		3,340		68,236
Total Semiconductors				5,812,319
Systems Software - 10.0%
Microsoft Corp.		28,297		1,059,156
Oracle Corp.		19,925		762,331
VMware, Inc. — Class A*		4,046		362,967
Symantec Corp.		9,984		235,423
Check Point Software Technologies Ltd.*		3,630		234,208
CA, Inc.		6,862		230,906
Red Hat, Inc.*		3,567		199,895
ServiceNow, Inc.*		3,040		170,270
NetSuite, Inc.*		1,640		168,953
CommVault Systems, Inc.*		1,430		107,078
Fortinet, Inc.*		5,540		105,980
Total Systems Software				3,637,167
Data Processing & Outsourced Services - 9.9%
Visa, Inc. — Class A		3,116		693,870
MasterCard, Inc. — Class A		686		573,126
Automatic Data Processing, Inc.		4,513		364,696
Paychex, Inc.		5,233		238,258
Fidelity National Information Services, Inc.		4,334		232,649
Fiserv, Inc.*		3,876		228,878
Alliance Data Systems Corp.*		809		212,710
Western Union Co.		10,470		180,608
FleetCor Technologies, Inc.*		1,540		180,442
Computer Sciences Corp.		3,026		169,093
Vantiv, Inc. — Class A*		4,700		153,267
Total System Services, Inc.		4,410		146,765
Global Payments, Inc.		2,020		131,280
VeriFone Systems, Inc.*		4,100		109,962
Total Data Processing & Outsourced Services				3,615,604
Communications Equipment - 9.1%
QUALCOMM, Inc.		8,958		665,133
Cisco Systems, Inc.		29,212		655,810
BlackBerry Ltd.*,1		37,505		279,412
Nokia Oyj ADR*		31,340		254,167
Motorola Solutions, Inc.		3,650		246,375
Juniper Networks, Inc.*		8,912		201,144
Harris Corp.		2,300		160,563
F5 Networks, Inc.*		1,748		158,823
Brocade Communications Systems, Inc.*		13,470		119,479
Palo Alto Networks, Inc.*		2,030		116,664
JDS Uniphase Corp.*		7,877		102,243
Riverbed Technology, Inc.*		5,603		101,302
Ciena Corp.*		3,946		94,428
Finisar Corp.*		3,720		88,982
Aruba Networks, Inc.*		4,490		80,371
Total Communications Equipment				3,324,896
Application Software - 8.8%
Salesforce.com, Inc.*		6,104		336,879
Adobe Systems, Inc.*		5,508		329,819
NQ Mobile, Inc. ADR*		19,310		283,857
Intuit, Inc.		3,576		272,920
SAP AG ADR		2,708		235,975

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6% (continued)
Application Software - 8.8% (continued)
Workday, Inc. — Class A*		2,710	$	225,364
Citrix Systems, Inc.*		3,231		204,361
Autodesk, Inc.*		3,998		201,219
ANSYS, Inc.*		1,900		165,680
Splunk, Inc.*		2,250		154,508
Concur Technologies, Inc.*		1,420		146,516
Nuance Communications, Inc.*		8,320		126,464
Informatica Corp.*		2,998		124,417
Cadence Design Systems, Inc.*		8,430		118,189
TIBCO Software, Inc.*		4,744		106,645
SolarWinds, Inc.*		2,480		93,818
Qlik Technologies, Inc.*		3,390		90,276
Total Application Software				3,216,907
Computer Hardware - 6.2%
Apple, Inc.		2,396		1,344,420
Hewlett-Packard Co.		14,999		419,672
3D Systems Corp.*,1		2,031		188,741
Stratasys Ltd.*		1,150		154,905
NCR Corp.*		4,140		141,008
Total Computer Hardware				2,248,746
IT Consulting & Other Services - 5.9%
International Business Machines Corp.		4,478		839,938
Cognizant Technology Solutions Corp. — Class A*		3,230		326,165
Accenture plc — Class A		3,957		325,345
Infosys Ltd. ADR		4,002		226,513
Teradata Corp.*		3,585		163,082
Amdocs Ltd.		3,670		151,351
Leidos Holdings, Inc.		2,544		118,271
Total IT Consulting & Other Services				2,150,665
Computer Storage & Peripherals - 3.9%
EMC Corp.		16,995		427,424
Seagate Technology plc		5,173		290,516
Western Digital Corp.		3,112		261,097
SanDisk Corp.		3,323		234,404
NetApp, Inc.		5,379		221,292
Total Computer Storage & Peripherals				1,434,733
Semiconductor Equipment - 3.0%
Applied Materials, Inc.		15,525		274,636
ASML Holding N.V. — Class G		2,508		235,000
KLA-Tencor Corp.		3,008		193,896
Lam Research Corp.*		3,224		175,547
SunEdison, Inc.*		8,463		110,442
Teradyne, Inc.*		6,200		109,244
Total Semiconductor Equipment				1,098,765
Electronic Manufacturing Services - 2.2%
TE Connectivity Ltd.		4,587		252,790
Flextronics International Ltd.*		29,430		228,671
Trimble Navigation Ltd.*		5,103		177,074
Jabil Circuit, Inc.		7,220		125,917
Total Electronic Manufacturing Services				784,452
Electronic Components - 1.4%
Corning, Inc.		16,652		296,738
Amphenol Corp. — Class A		2,481		221,256
Total Electronic Components				517,994
Home Entertainment Software - 1.2%
Activision Blizzard, Inc.		11,330		202,013
Electronic Arts, Inc.*		6,575		150,831
Take-Two Interactive Software, Inc.*		4,240		73,649
Total Home Entertainment Software				426,493
Technology Distributors - 0.8%
Avnet, Inc.		3,290		145,121
Arrow Electronics, Inc.*		2,570		139,423
Total Technology Distributors				284,544
Office Electronics - 0.6%
Xerox Corp.		18,704		227,628
Total Common Stocks
(Cost $24,908,706)				36,220,444
		Face Amount		Value
SECURITIES LENDING COLLATERAL††,2 - 1.8%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	560,659		560,659
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		82,641		82,641
Total Securities Lending Collateral
(Cost $643,300)				643,300
Total Investments - 101.4%
(Cost $25,552,006)			$	36,863,744
Other Assets & Liabilities, net - (1.4)%				(492,540	)
Total Net Assets - 100.0%			$	36,371,204

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.6%
Communications Equipment - 44.7%
QUALCOMM, Inc.		8,176	$	607,068
Cisco Systems, Inc.		26,655		598,405
Motorola Solutions, Inc.		3,327		224,573
Juniper Networks, Inc.*		8,135		183,607
BlackBerry Ltd.*		20,516		152,844
Nokia Oyj ADR*		18,758		152,127
Harris Corp.		2,095		146,252
F5 Networks, Inc.*		1,593		144,740
Ubiquiti Networks, Inc.*		2,450		112,602
Brocade Communications Systems, Inc.*		12,293		109,039
Palo Alto Networks, Inc.*		1,844		105,975
ARRIS Group, Inc.*		4,199		102,309
Telefonaktiebolaget LM Ericsson ADR		8,303		101,629
JDS Uniphase Corp.*		7,190		93,326
Riverbed Technology, Inc.*		5,106		92,316
ViaSat, Inc.*		1,451		90,905
Ciena Corp.*		3,597		86,076
Finisar Corp.*		3,391		81,113
Plantronics, Inc.		1,657		76,968
Polycom, Inc.*		6,671		74,915
Aruba Networks, Inc.*		4,098		73,354
ADTRAN, Inc.		2,493		67,336
NETGEAR, Inc.*		1,860		61,268
Infinera Corp.*		6,138		60,030
InterDigital, Inc.		1,916		56,503
Ixia*		4,093		54,478
Ruckus Wireless, Inc.*		3,782		53,704
Total Communications Equipment				3,763,462
Wireless Telecommunication Services - 27.1%
Sprint Corp.*		33,605		361,253
T-Mobile US, Inc.		8,972		301,818
Crown Castle International Corp.*		3,654		268,313
Vodafone Group plc ADR		6,044		237,590
SBA Communications Corp. — Class A*		2,067		185,699
America Movil SAB de CV ADR		6,983		163,193
Mobile Telesystems OJSC ADR		5,582		120,739
China Mobile Ltd. ADR		2,112		110,436
VimpelCom Ltd. ADR		7,927		102,575
Tim Participacoes S.A. ADR		3,790		99,450
SK Telecom Company Ltd. ADR		3,782		93,113
Telephone & Data Systems, Inc.		3,553		91,596
Rogers Communications, Inc. — Class B		1,901		86,020
Leap Wireless International, Inc.*		3,614		62,884
Total Wireless Telecommunication Services				2,284,679
Integrated Telecommunication Services - 24.7%
AT&T, Inc.		20,949		736,567
Verizon Communications, Inc.		12,969		637,297
CenturyLink, Inc.		7,426		236,518
Windstream Holdings, Inc.1		14,366		114,641
Telefonica Brasil S.A. ADR		4,961		95,350
BCE, Inc.		2,109		91,299
Telefonica S.A. ADR		5,210		85,131
China Unicom Hong Kong Ltd. ADR		5,557		83,688
Total Integrated Telecommunication Services				2,080,491
Alternative Carriers - 3.1%
Level 3 Communications, Inc.*		4,436		147,142
tw telecom, Inc. — Class A*		3,725		113,501
Total Alternative Carriers				260,643
Total Common Stocks
(Cost $7,177,427)				8,389,275
		Face Amount
SECURITIES LENDING COLLATERAL††,2 - 0.4%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	32,356		32,356
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		4,769		4,769
Total Securities Lending Collateral
(Cost $37,125)				37,125
Total Investments - 100.0%
(Cost $7,214,552)			$	8,426,400
Other Assets & Liabilities, net - 0.0%				(1,083	)
Total Net Assets - 100.0%			$	8,425,317

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.4%
Auto Parts & Equipment - 19.8%
Johnson Controls, Inc.		43,887	$	2,251,402
BorgWarner, Inc.		24,100		1,347,431
Delphi Automotive plc		21,700		1,304,821
TRW Automotive Holdings Corp.*		14,840		1,103,948
Magna International, Inc.		13,040		1,070,062
Autoliv, Inc.		11,280		1,035,504
Lear Corp.		12,137		982,733
Allison Transmission Holdings, Inc.		30,600		844,866
Gentex Corp.		23,960		790,440
Visteon Corp.*		9,335		764,443
Tenneco, Inc.*		12,510		707,691
Dana Holding Corp.		33,280		652,954
American Axle & Manufacturing Holdings, Inc.*		22,930		468,919
Total Auto Parts & Equipment				13,325,214
Railroads - 17.7%
Union Pacific Corp.		19,956		3,352,607
CSX Corp.		71,484		2,056,595
Norfolk Southern Corp.		21,942		2,036,876
Kansas City Southern		11,407		1,412,529
Canadian Pacific Railway Ltd.		7,668		1,160,322
Canadian National Railway Co.		18,800		1,071,976
Genesee & Wyoming, Inc. — Class A*		8,954		860,032
Total Railroads				11,950,937
Airlines - 15.6%
Delta Air Lines, Inc.		67,597		1,856,890
American Airlines Group, Inc.*,1		64,794		1,636,049
United Continental Holdings, Inc.*		38,010		1,437,918
Southwest Airlines Co.		73,466		1,384,099
Copa Holdings S.A. — Class A		6,562		1,050,642
Ryanair Holdings plc ADR*		20,900		980,837
Alaska Air Group, Inc.		11,904		873,396
Spirit Airlines, Inc.*		15,200		690,232
JetBlue Airways Corp.*		70,500		602,775
Total Airlines				10,512,838
Automobile Manufacturers - 15.4%
Ford Motor Co.		199,112		3,072,298
General Motors Co.*		69,340		2,833,926
Tesla Motors, Inc.*,1		11,225		1,688,016
Tata Motors Ltd. ADR		35,450		1,091,860
Toyota Motor Corp. ADR		8,690		1,059,485
Thor Industries, Inc.		12,280		678,224
Total Automobile Manufacturers				10,423,809
Air Freight & Logistics - 13.5%
United Parcel Service, Inc. — Class B		35,513		3,731,706
FedEx Corp.		17,820		2,561,981
Expeditors International of Washington, Inc.		26,031		1,151,872
CH Robinson Worldwide, Inc.		19,493		1,137,222
UTI Worldwide, Inc.		29,200		512,752
Total Air Freight & Logistics				9,095,533
Trucking - 11.8%
Hertz Global Holdings, Inc.*		48,839		1,397,771
J.B. Hunt Transport Services, Inc.		14,612		1,129,508
Old Dominion Freight Line, Inc.*		15,260		809,085
Avis Budget Group, Inc.*		19,474		787,139
Ryder System, Inc.		9,991		737,136
Swift Transportation Co. — Class A*,1		28,680		636,983
Landstar System, Inc.		10,648		611,728
Con-way, Inc.		14,342		569,521
Werner Enterprises, Inc.		19,830		490,396
Knight Transportation, Inc.		24,500		449,330
Arkansas Best Corp.		10,200		343,536
Total Trucking				7,962,133
Motorcycle Manufacturers - 2.2%
Harley-Davidson, Inc.		21,381		1,480,420
Tires & Rubber - 2.1%
Goodyear Tire & Rubber Co.		39,442		940,692
Cooper Tire & Rubber Co.		20,470		492,099
Total Tires & Rubber				1,432,791
Marine - 1.3%
Kirby Corp.*		9,025		895,731
Total Common Stocks
(Cost $48,722,479)				67,079,406
		Face Amount
SECURITIES LENDING COLLATERAL††,2 - 2.6%
Repurchase Agreements
HSBC Securities, Inc. issued 12/31/13 at 0.01% due 01/02/14	$	1,544,623		1,544,623
Deutsche Bank Securities, Inc. issued 12/31/13 at 0.02% due 01/02/14		227,677		227,677
Total Securities Lending Collateral
(Cost $1,772,300)				1,772,300
Total Investments - 102.0%
(Cost $50,494,779)			$	68,851,706
Other Assets & Liabilities, net - (2.0)%				(1,347,356	)
Total Net Assets - 100.0%			$	67,504,350

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	All or portion of this security is on loan at December 31, 2013 — See Note 4.
2	Securities lending collateral — See Note 4.

ADR — American Depositary Receipt

plc — Public Limited Company

U.S. Government Money Market Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES†† - 15.5%
Federal Home Loan Bank1
0.11% due 01/03/14	$	10,000,000	$	9,999,939
0.15% due 01/10/14		10,000,000		9,999,625
0.14% due 01/14/14		10,000,000		9,999,494
0.17% due 05/01/14		10,000,000		9,994,167
Total Federal Home Loan Bank				39,993,225
Farmer Mac1
0.15% due 04/23/14		10,000,000		9,995,334
0.16% due 06/18/14		10,000,000		9,992,533
0.15% due 09/15/14		10,000,000		9,989,292
0.16% due 09/23/14		10,000,000		9,988,222
Total Farmer Mac				39,965,381
Federal Farm Credit Bank1
0.01% due 01/07/14		10,000,000		9,999,984
0.06% due 01/28/14		10,000,000		9,999,550
0.11% due 06/06/14		10,000,000		9,995,233
Total Federal Farm Credit Bank				29,994,767
Freddie Mac2
0.15% due 04/08/14		10,000,000		9,995,958
Total Federal Agency Discount Notes
(Cost $119,949,331)				119,949,331
FEDERAL AGENCY NOTES†† - 9.0%
Federal Home Loan Bank1
0.18% due 04/15/14		10,000,000		10,000,000
0.16% due 06/11/14		10,000,000		10,000,000
0.16% due 06/30/14		10,000,000		10,000,000
0.12% due 03/21/14		10,000,000		9,999,723
0.12% due 04/11/14		10,000,000		9,999,117
0.06% due 03/18/14		10,000,000		9,998,936
0.12% due 09/12/14		10,000,000		9,996,022
Total Federal Home Loan Bank				69,993,798
Total Federal Agency Notes
(Cost $69,993,798)				69,993,798
COMMERCIAL PAPER†† - 16.6%
ING US Funding LLC
0.29% due 01/16/14		10,000,000		9,998,791
0.25% due 04/11/14		5,000,000		4,996,528
Total ING US Funding LLC				14,995,319
General Electric Capital Corp.
0.18% due 04/24/14		15,000,000		14,991,525
Coca-Cola Co.
0.16% due 06/09/143		15,000,000		14,989,400
UBS Finance Delaware LLC
0.20% due 05/05/14		10,000,000		9,992,939
0.30% due 04/03/14		5,000,000		4,996,167
Total UBS Finance Delaware LLC				14,989,106
Westpac Banking Corp.
0.24% due 01/14/143		9,500,000		9,499,177
0.13% due 03/12/143		5,000,000		4,998,736
Total Westpac Banking Corp.				14,497,913
Societe Generale North America, Inc.
0.20% due 02/03/14		13,900,000		13,897,451
Sheffield Receivables Corp.
0.22% due 03/06/143		10,000,000		9,996,089
Prudential plc
0.16% due 04/08/143		10,000,000		9,995,689
BNP Paribas Finance, Inc.
0.31% due 06/13/14		10,000,000		9,985,964
Barclays US Funding Corp.
0.46% due 05/23/14		10,000,000		9,981,856
Total Commercial Paper
(Cost $128,320,312)				128,320,312
REPURCHASE AGREEMENTS†† - 60.8%

Individual Repurchase Agreement
Mizuho Financial Group, Inc.     issued 12/31/13 at 0.01%     due 01/02/14 secured by:     U.S. Treasury Notes, 0.13% - 3.63%     04/15/18-08/15/23     with a value of $155,361,935     to be repurchased at $152,315,600	152,315,558	152,315,558

Joint Repurchase Agreements4
Mizuho Financial Group, Inc. issued 12/31/13 at 0.01% due 01/02/14	253,048,398		253,048,398
HSBC Group issued 12/31/13 at 0.01% due 01/02/14	40,815,960		40,815,960
Deutsche Bank issued 12/31/13 at 0.01% due 01/02/14	25,331,908		25,331,908
Total Repurchase Agreements
(Cost $471,511,824)			471,511,824
Total Investments - 101.9%
(Cost $789,775,265)		$	789,775,265
Other Assets & Liabilities, net - (1.9)%			(14,902,909	)
Total Net Assets - 100.0%		$	774,872,356

††	Value determined based on Level 2 inputs — See Note 2.
1	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
2	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
3	Security is a 144A or Section 4(a)(2) security.  The total market value of 144A or Section 4(a)(2) securities is $49,479,091 (cost $49,479,091), or 7.3% of total net assets.
4	Repurchase Agreements — See Note 3.

plc  — Public Limited Company

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Shares		Value
COMMON STOCKS† - 99.5%
Electric Utilities - 44.2%
Duke Energy Corp.		14,201	$	980,012
NextEra Energy, Inc.		10,165		870,327
Southern Co.		20,895		858,993
Exelon Corp.		25,476		697,788
American Electric Power Company, Inc.		14,516		678,478
PPL Corp.		20,969		630,957
Edison International		11,890		550,507
FirstEnergy Corp.		16,552		545,885
Xcel Energy, Inc.		18,948		529,407
Northeast Utilities		12,267		519,998
Entergy Corp.		7,570		478,954
OGE Energy Corp.		10,896		369,374
Pinnacle West Capital Corp.		6,332		335,089
Pepco Holdings, Inc.		16,335		312,489
ITC Holdings Corp.		3,240		310,457
Westar Energy, Inc.		8,962		288,308
Great Plains Energy, Inc.		11,282		273,476
Cia Energetica de Minas Gerais ADR		32,643		254,289
Cleco Corp.		5,021		234,079
Hawaiian Electric Industries, Inc.		8,770		228,546
Enersis S.A. ADR		15,164		227,308
UNS Energy Corp.		3,673		219,829
IDACORP, Inc.		4,233		219,439
Portland General Electric Co.		7,068		213,454
UIL Holdings Corp.		5,360		207,700
ALLETE, Inc.		3,980		198,522
PNM Resources, Inc.		8,095		195,251
Total Electric Utilities				11,428,916
Multi-Utilities - 33.1%
Dominion Resources, Inc.		13,361		864,322
Sempra Energy		7,382		662,608
PG&E Corp.		14,885		599,568
Public Service Enterprise Group, Inc.		18,156		581,718
Consolidated Edison, Inc.		10,258		567,062
DTE Energy Co.		7,345		487,635
NiSource, Inc.		14,030		461,306
CenterPoint Energy, Inc.		19,625		454,908
Wisconsin Energy Corp.		10,384		429,275
Ameren Corp.		11,556		417,865
CMS Energy Corp.		14,054		376,226
SCANA Corp.		7,674		360,141
MDU Resources Group, Inc.		11,219		342,740
Alliant Energy Corp.		6,546		337,774
Integrys Energy Group, Inc.		5,329		289,951
TECO Energy, Inc.		15,956		275,081
National Grid plc ADR		3,750		244,950
Vectren Corp.		6,797		241,294
Black Hills Corp.		4,071		213,768
Avista Corp.		6,389		180,106
NorthWestern Corp.		4,120		178,478
Total Multi-Utilities				8,566,776
Gas Utilities - 12.7%
ONEOK, Inc.		8,357		519,638
National Fuel Gas Co.		4,797		342,506
AGL Resources, Inc.		7,118		336,183
UGI Corp.		7,559		313,396
Atmos Energy Corp.		6,282		285,328
Questar Corp.		12,377		284,547
Southwest Gas Corp.		4,060		226,995
Piedmont Natural Gas Company, Inc.		6,755		223,996
WGL Holdings, Inc.		5,161		206,750
New Jersey Resources Corp.		4,220		195,133
South Jersey Industries, Inc.		3,390		189,704
Laclede Group, Inc.		3,740		170,320
Total Gas Utilities				3,294,496
Independent Power Producers & Energy Traders - 5.9%
AES Corp.		31,857		462,245
NRG Energy, Inc.		15,128		434,476
Calpine Corp.*		21,413		417,768
Dynegy, Inc.*		9,600		206,592
Total Independent Power Producers & Energy Traders				1,521,081
Water Utilities - 3.6%
American Water Works Company, Inc.		9,082		383,805
Aqua America, Inc.		12,136		286,288
Cia de Saneamento Basico do Estado de Sao Paulo ADR		22,840		259,006
Total Water Utilities				929,099
Total Common Stocks
(Cost $17,040,724)				25,740,368
Total Investments - 99.5%
(Cost $17,040,724)			$	25,740,368
Other Assets & Liabilities, net - 0.5%				128,697
Total Net Assets - 100.0%			$	25,869,065

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 2.

ADR — American Depositary Receipt

plc — Public Limited Company

Weakening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2013

	Face Amount		Value
REPURCHASE AGREEMENT††,1 - 1.0%
Credit Suisse Group issued 12/31/13 at 0.00% due 01/02/142	$	84,189	$	84,189
Total Repurchase Agreement
(Cost $84,189)				84,189
Total Investments - 1.0%
(Cost $84,189)			$	84,189
Other Assets & Liabilities, net - 99.0%				8,351,353
Total Net Assets - 100.0%			$	8,435,542

	Contracts		Unrealized Gain
CURRENCY FUTURES CONTRACTS SOLD SHORT†
March 2014 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $14,934,870)		186	$	5,628

	Units
CURRENCY INDEX SWAP AGREEMENTS SOLD SHORT††
Goldman Sachs International February 2014 U.S. Dollar Index Swap, Terminating 02/27/143 (Notional Value $1,893,676)		23,599	$	14,326

†	Value determined based on Level 1 inputs — See Note 2.
††	Value determined based on Level 2 inputs — See Note 2.
1	Repurchase Agreement — See Note 3.
2	All or a portion of this security is pledged as currency index swap collateral at December 31, 2013.
3	Total Return based on U.S. Dollar Index +/- financing at a variable rate.

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

1. Significant Accounting Policies

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Trust. All time references are based on Eastern Time.

Equity securities listed on an exchange (New York Stock Exchange (“NYSE”) or American Stock Exchange) are valued at the last quoted sales price as of the close of business on the NYSE, usually 4.00 p.m. on the valuation date. Equity securities listed on the NASDAQ market system are valued at the NASDAQ Official Closing Price on the valuation date.

The value of futures contracts is accounted for using the unrealized gain or loss on the contracts that is determined by marking the contracts to their current realized settlement prices. Financial futures contracts are valued at the 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the Official Settlement Price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

The U.S. Government Money Market Fund values debt securities at amortized cost pursuant to Rule 2a-7 of the 1940 Act, which approximates market value.

With the exception of the U.S. Government Money Market Fund, U.S. government securities are valued by either independent pricing services, the last traded fill price, or at the reported bid price at the close of business.  Other debt securities with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker/dealer-supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury yields, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities.  Short-term debt securities with a maturity of 60 days or less at acquisition and repurchase agreements are valued at amortized cost, which approximates market value.

Certain U.S. Government and Agency Obligations are traded on a discount basis; the interest rates shown on the Schedules of Investments reflect the effective rates paid at the time of purchase by the Funds. Other securities bear interest at the rates shown, payable at fixed dates through maturity.

Open-end investment companies (“Mutual Funds”) are valued at their net asset value per share (“NAV”) as of the close of business on the valuation date. Exchange Traded Funds ("ETFs") and closed-end investment companies are valued at the last quoted sales price.

The value of swap agreements entered into by a Fund is accounted for using the unrealized gain or loss on the agreements that is determined by marking the agreements to the last quoted value of the index that the swap pertains to at the close of the NYSE. The swap’s market value is then adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreements.

The value of currency index swap agreements entered into by a Fund is accounted for using the unrealized gain or loss on the agreements that is determined by making the agreements to the broker quote.

Investments for which market quotations are not readily available are fair valued as determined in good faith by Guggenheim Investments (“GI”) under the direction of the Board of Trustees using methods established or ratified by the Board of Trustees. These methods include, but are not limited to: (i) obtaining general information as to how these securities and assets trade; (ii) in connection with futures contracts and options thereupon, and other derivative investments, obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market; and (iii) obtaining other information and considerations, including current values in related markets.

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)         

2. Fair Value Measurement

In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. A three-tier hierarchy is utilized to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Funds’ investments. The inputs are summarized in the three broad levels listed below:

Level 1 — quoted prices in active markets for identical securities.

Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).

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

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)         

The following table summarizes the inputs used to value the Funds’ net assets at December 31, 2013:

	Level 1 Investments In Securities		Level 1 Other Financial Instruments*		Level 2 Investments In Securities		Level 2 Other Financial Instruments*		Level 3 Investments In Securities		Total
Assets
Banking Fund	$	18,732,403	$	–	$	229,351	$	–	$	–	$	18,961,754
Basic Materials Fund		35,983,399		–		648,850		–		–		36,632,249
Biotechnology Fund		381,724,253		–		38,757,675		–		–		420,481,928
Consumer Products Fund		191,524,586		–		5,075,788		–		–		196,600,374
Electronics Fund		5,918,736		–		77,400		–		–		5,996,136
Emerging Markets 2x Strategy Fund		5,803,900		–		6,171,425		228,110		–		12,203,435
Emerging Markets Bond Strategy Fund		–		–		3,875,320		54,385		–		3,929,705
Energy Fund		56,236,757		–		664,450		–		–		56,901,207
Energy Services Fund		46,314,319		–		592,500		–		–		46,906,819
Europe 1.25x Strategy Fund		20,299,291		34,317		12,074,919		1,119,923		–		33,528,450
Event Driven and Distressed Strategies Fund		–		87,290		11,408,794		286,134		–		11,782,218
Financial Services Fund		15,589,247		–		–		–		–		15,589,247
Government Long Bond 1.2x Strategy Fund		12,243,713		–		7,424,695		–		–		19,668,408
Health Care Fund		84,570,564		–		2,275,500		–		–		86,846,064
High Yield Strategy Fund		5,656,950		–		220,041		3,449,451		–		9,326,442
Internet Fund		43,783,395		–		2,099,275		–		–		45,882,670
Inverse Emerging Markets 2x Strategy Fund		–		–		4,126,716		–		–		4,126,716
Inverse Government Long Bond Strategy Fund		–		1,571,767		725,133,827		–		–		726,705,594
Inverse High Yield Strategy Fund		–		103,222		65,982		–		–		169,204
Inverse Mid-Cap Strategy Fund		–		–		3,409,199		–		–		3,409,199
Inverse NASDAQ-100® Strategy Fund		–		–		2,194,370		–		–		2,194,370
Inverse Russell 2000® Strategy Fund		–		–		11,618,675		–		–		11,618,675
Inverse S&P 500® Strategy Fund		–		–		139,287,226		–		–		139,287,226
Japan 2x Strategy Fund		–		770,156		8,799,733		–		–		9,569,889
Leisure Fund		44,080,179		–		118,000		–		–		44,198,179
Long Short Equity Fund		39,639,353		–		–		–		–		39,639,353
Mid-Cap 1.5x Strategy Fund		21,058,745		235,912		1,946,300		96,680		–		23,337,637
NASDAQ-100® Fund		672,240,690		31,375		19,238,560		36,990		–		691,547,615
Nova Fund		81,189,271		81,691		29,191,398		368,746		–		110,831,106
Precious Metals Fund		54,137,768		–		3,862,293		–		–		58,000,061
Real Estate Fund		8,403,249		–		–		–		–		8,403,249
Retailing Fund		36,823,400		–		664,250		–		–		37,487,650
Russell 2000® 1.5x Strategy Fund		24,423,713		–		21,269,025		46,683		–		45,739,421
Russell 2000® Fund		53,207,115		7,482		1,836,972		27,121		–		55,078,690
S&P 500® Fund		368,351,324		443,394		692,121		128,224		–		369,615,063
S&P 500® Pure Growth Fund		132,831,647		–		910,127		–		–		133,741,774
S&P 500® Pure Value Fund		93,388,053		–		461,878		–		–		93,849,931
S&P MidCap 400® Pure Growth Fund		296,911,354		–		7,310,618		–		–		304,221,972
S&P MidCap 400® Pure Value Fund		11,735,307		–		110,242		–		–		11,845,549
S&P SmallCap 600® Pure Growth Fund		74,964,196		–		1,709,234		–		–		76,673,430
S&P SmallCap 600® Pure Value Fund		39,970,622		–		804,000		–		–		40,774,622
Strengthening Dollar 2x Strategy Fund		–		–		296,397		–		–		296,397
Technology Fund		36,220,444		–		643,300		–		–		36,863,744
Telecommunications Fund		8,389,275		–		37,125		–		–		8,426,400
Transportation Fund		67,079,406		–		1,772,300		–		–		68,851,706
U.S. Government Money Market Fund		–		–		789,775,265		–		–		789,775,265
Utilities Fund		25,740,368		–		–		–		–		25,740,368
Weakening Dollar 2x Strategy Fund		–		5,628		84,189		14,326		–		104,143
Liabilities
Emerging Markets Bond Strategy Fund	$	–	$	34,908	$	–	$	–	$	–	$	34,908
Event Driven and Distressed Strategies Fund		–		76,169		–		–		–		76,169
Government Long Bond 1.2x Strategy Fund		–		94,286		–		–		–		94,286
High Yield Strategy Fund		–		998,074		–		–		–		998,074
Inverse Emerging Markets 2x Strategy Fund		–		–		–		88,110		–		88,110
Inverse Government Long Bond Strategy Fund		350,771,963		–		–		–		–		350,771,963
Inverse High Yield Strategy Fund		–		–		–		243,023		–		243,023
Inverse Mid-Cap Strategy Fund		–		11,793		–		12,070		–		23,863
Inverse NASDAQ-100® Strategy Fund		–		5,955		–		11,806		–		17,761
Inverse Russell 2000® Strategy Fund		–		66,393		–		12,673		–		79,066
Inverse S&P 500® Strategy Fund		–		772,616		–		495,515		–		1,268,131
Japan 2x Strategy Fund		–		375,687		–		–		–		375,687
Long Short Equity Fund		12,474,945		–		–		–		–		12,474,945
Strengthening Dollar 2x Strategy Fund		–		78,596		–		23,448		–		102,044

* Other financial instruments may include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)         

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in the investment’s valuation changes. The Funds recognize transfers between the levels as of the beginning of the period. As of December 31, 2013, Russell 2000^® 1.5x Strategy Fund and Russell 2000^® Fund each had a security with a total value of $806 and $1,566, respectively transfer from Level 1 to Level 2 due to a change in the securities valuation method. There were no other securities that transferred between levels.

3. Repurchase Agreements

The Funds transfer uninvested cash balances into a single joint account, the daily aggregate balance of which is invested in one or more repurchase agreements collateralized by obligations of the U.S. Treasury and U.S. Government Agencies. The collateral is in the possession of the Funds’ custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements. Each Fund holds a pro rata share of the collateral based on the dollar amount of the repurchase agreement entered into by each Fund.

At December 31, 2013, the repurchase agreements in the joint account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
Mizuho Financial Group, Inc.					U.S. Treasury Notes
0.01%					0.50% - 2.00%
Due 01/02/14	$	408,562,961	$	408,563,075	06/15/16 - 09/30/20	$	419,718,300	$	416,734,283
HSBC Group					U.S. Treasury Strips
0.01%					0.00%
Due 01/02/14		65,900,000		65,900,018	02/15/43		228,027,200		67,218,006
Deutsche Bank					U.S. Treasury Note
0.01%					0.25%
Due 01/02/14		40,900,000		40,900,011	04/15/16		41,925,000		41,718,063
Credit Suisse Group					U.S. Treasury Note
0.00%					2.13%
Due 01/02/14		27,021,832		27,021,832	12/31/15		26,647,100		27,562,393

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. The Funds’ investment advisor, acting under the supervision of the Board of Trustees, reviews the value of the collateral and the creditworthiness of those banks and dealers with which the Funds enter into repurchase agreements to evaluate potential risks.

4. Portfolio Securities Loaned

The Funds may lend their securities to approved brokers to earn additional income. Security lending income shown on the Statements of Operations is shown net of rebates paid to the borrowers and earnings on cash collateral investments shared with the lending agent. Within this arrangement, the Funds act as the lender, Credit Suisse acts as the lending agent, and other approved registered broker dealers act as the borrowers. The Funds receive cash collateral, valued at 102% of the value of the securities on loan. Under the terms of the Funds’ securities lending agreement with Credit Suisse, cash collateral is invested in one or more joint repurchase agreements collateralized by obligations of the U.S. Treasury or Government Agencies and cash. The Funds bear the risk of loss on cash collateral investments. Collateral is maintained over the life of the loan in an amount not less than the value of loaned securities, as determined at the close of fund business each day; any additional collateral required due to changes in security values is delivered to the Funds the next business day. Although the collateral mitigates the risk, the Funds could experience a delay in recovering its securities and a possible loss of income or value if the borrower fails to return the securities. The Funds have the right under the securities lending agreement to recover the securities from the borrower on demand.

At December 31, 2013, the Funds participated in securities lending as follows:

Fund	Value of Securities Loaned		Cash Collateral Received
Banking Fund	$	279,948	$	229,351	*
Basic Materials Fund		619,516		648,850
Biotechnology Fund		37,583,627		38,757,675
Consumer Products Fund		4,986,227		5,075,788
Electronics Fund		65,145		77,400
Energy Fund		654,156		664,450
Energy Services Fund		582,650		592,500
Europe 1.25x Strategy Fund		182,586		189,750
Health Care Fund		2,219,925		2,275,500
Internet Fund		2,098,059		2,099,275
Leisure Fund		116,944		118,000
Mid-Cap 1.5x Strategy Fund		1,233,890		1,260,200
NASDAQ-100® Fund		4,567,365		4,706,875
Nova Fund		6,384		6,600
Precious Metals Fund		3,777,403		3,862,293
Retailing Fund		656,281		664,250
Russell 2000® 1.5x Strategy Fund		254,772		263,329
Russell 2000® Fund		473,881		489,708
S&P 500® Fund		227,607		232,825
S&P 500® Pure Value Fund		202,508		217,750
S&P MidCap 400® Pure Growth Fund		5,380,647		5,442,600
S&P MidCap 400® Pure Value Fund		18,300		18,500
S&P SmallCap 600® Pure Growth Fund		1,276,118		1,295,825
S&P SmallCap 600® Pure Value Fund		497,353		525,075

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)         

Fund	Value of Securities Loaned		Cash Collateral Received
Technology Fund	$	633,362	$	643,300
Telecommunications Fund		35,910		37,125
Transportation Fund		1,735,071		1,772,300

* Subsequent to December 31, 2013, additional collateral was received.

Cash collateral received was invested in the following joint repurchase agreements at December 31, 2013:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
HSBC Securities, Inc.					Freddie Mac
0.01%					0.00%
Due 01/02/14	$	62,896,194	$	62,896,229	01/15/14 - 07/15/32	$	106,581,538	$	64,159,079
Deutsche Bank Securities, Inc.					Fannie Mae
0.02%					0.00% - 1.38%
Due 01/02/14		9,270,902		9,270,912	11/15/16 - 05/15/30		14,192,211		9,426,282
					Federal Home Loan Bank
					0.38%
					06/24/16		15,726		15,671
					Freddie Mac
					3.00%
					07/28/14		9,435		9,587

5. Disclosures about Credit Derivatives

In accordance with their principal investment strategies, the High Yield Strategy Fund, Emerging Markets Bond Strategy Fund and Event Driven and Distressed Strategies Fund  enter into credit default swaps as a seller of protection primarily to gain exposure similar to the high yield bond market. Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. If a credit event occurs, as defined under the terms of the swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The Notional Principal reflects the maximum potential amount the Fund could be required to make as a seller of credit protection if a credit event occurs. As the seller of protection, the Fund receives periodic premium payments from the counterparty and may also receive or pay an upfront premium adjustment to the stated periodic premium. In the event a credit event occurs, an adjustment will be made to any upfront premiums that were received by a reduction of 1.00% per credit event.

The quoted market prices and resulting market values for credit default swap agreements on securities and 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 derivative had the notional amount of the swap agreement been closed/sold 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.

The table included in the Emerging Markets Bond Strategy Fund, Event and Distressed Strategies Fund and the High Yield Strategy Fund Schedule of Investments summarizes the information with regard to sold protection on credit default swap contracts as of December 31, 2013.

6. Derivative Investment Holdings Categorized by Risk Exposure

	Futures		Swaps
Fund Name	Index  Exposure	Liquidity	Index  Exposure	Liquidity
Emerging Markets 2x Strategy Fund	x	x	x	x
Event Driven and Distressed Strategies Fund	x	x	x	x
Europe 1.25x  Strategy Fund	x	x
Government Long Bond 1.2x  Strategy Fund	x	x
High Yield Strategy Fund	x	x	x	x
Inverse Emerging Markets 2x Strategy Fund	x	x	x	x
Inverse High Yield Strategy Fund	x	x	x	x
Inverse Government Long Bond Strategy Fund	x	x
Inverse Mid-Cap Strategy Fund	x	x	x	x
Inverse NASDAQ-100® Strategy Fund	x	x	x	x
Inverse Russell 2000® Strategy Fund	x	x	x	x
Inverse S&P 500® Strategy Fund	x	x	x	x
Japan 2x Strategy Fund	x	x
Long Short Equity Fund		x
Mid-Cap 1.5x  Strategy Fund	x	x	x	x
NASDAQ-100® Fund	x	x	x	x
Nova Fund	x	x	x	x
Russell 2000® Fund	x	x	x	x
Russell 2000® 1.5x  Strategy Fund	x	x	x	x
S&P 500® Fund	x	x	x	x
Strengthening Dollar 2x  Strategy Fund	x	x	x	x
Weakening Dollar 2x  Strategy Fund	x	x	x	x

Item 2. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b) The registrant’s principal executive officer and principal financial officer are aware of no change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act (17 CFR 270.30a-2(a)), exactly as set forth below. Attached hereto.

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)                           Rydex Series Funds

By (Signature and Title)*   /s/ Donald C. Cacciapaglia                                

Donald C. Cacciapaglia, President

Date February 21, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*   /s/ Donald C. Cacciapaglia                                

Donald C. Cacciapaglia, President

Date February 21, 2014

By (Signature and Title)*    /s/ Nikolaos Bonos                                            

Nikolaos Bonos, Vice President & Treasurer

Date February 21, 2014

* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

EX.-3(i)

CERTIFICATIONS

I, Donald C. Cacciapaglia, certify that:

1. I have reviewed this report on Form N-Q of Rydex Series Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 21, 2014

/s/ Donald C. Cacciapaglia                      

Donald C. Cacciapaglia

President

EX.-3(ii)

CERTIFICATIONS

I, Nikolaos Bonos, certify that:

1. I have reviewed this report on Form N-Q of Rydex Series Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 21, 2014

/s/ Nikolaos Bonos                              

Nikolaos Bonos

Vice President & Treasurer