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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LJ International, Inc. (MM) | NASDAQ:JADE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0 | 01:00:00 |
Investment Company Act file number
|
811-21906
|
Claymore Exchange-Traded Fund Trust
|
|
(Exact name of registrant as specified in charter)
|
2455 Corporate West Drive, Lisle, IL 60532
|
(Address of principal executive offices) (Zip code) |
Amy J. Lee
2455 Corporate West Drive, Lisle, IL 60532
|
(Name and address of agent for service)
|
EEB Guggenheim BRIC ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 98.7%
|
|||
Common Stocks - 67.4%
|
|||
Basic Materials - 6.6%
|
|||
74,894
|
Aluminum Corp. of China Ltd., ADR (China)(a) (b)
|
$ 738,455
|
|
324,173
|
Cia Siderurgica Nacional SA, ADR (Brazil)
|
1,021,145
|
|
100,916
|
Fibria Celulose SA, ADR (Brazil)(a) (b)
|
1,108,058
|
|
72,601
|
Mechel, ADR (Russia)
|
217,803
|
|
13,720
|
Sinopec Shanghai Petrochemical Co. Ltd., ADR (China)
|
495,292
|
|
97,034
|
Sterlite Industries India Ltd., ADR (India)(a)
|
642,365
|
|
170,642
|
Ultrapar Participacoes SA, ADR (Brazil)
|
4,305,297
|
|
538,167
|
Vale SA, ADR (Brazil)
|
7,749,605
|
|
16,278,020
|
|||
Communications - 20.9%
|
|||
25,555
|
21Vianet Group, Inc., ADR (China)(a) (b)
|
233,573
|
|
95,494
|
Baidu, Inc., ADR (China)(b)
|
9,228,540
|
|
417,748
|
China Mobile Ltd., ADR (China)
|
21,639,347
|
|
57,725
|
China Telecom Corp. Ltd., ADR (China)(a)
|
2,681,326
|
|
177,422
|
China Unicom Hong Kong Ltd., ADR (China)(a)
|
2,404,068
|
|
64,147
|
Ctrip.com International Ltd., ADR (China)(b)
|
1,998,179
|
|
64,716
|
Giant Interactive Group, Inc., ADR (China)(a)
|
547,497
|
|
208,376
|
Mobile Telesystems OJSC, ADR (Russia)
|
4,015,406
|
|
32,524
|
NetEase.com, Inc., ADR (China)
|
2,079,259
|
|
28,274
|
Perfect World Co. Ltd., ADR (China)
|
436,268
|
|
46,515
|
Qihoo 360 Technology Co., ADR (China)(a) (b)
|
2,037,822
|
|
10,508
|
SouFun Holdings Ltd., ADR (China)(a)
|
281,089
|
|
70,490
|
Tim Participacoes SA, ADR (Brazil)
|
1,350,588
|
|
101,983
|
VimpelCom Ltd., ADR (Russia)
|
1,014,731
|
|
7,561
|
Vipshop Holdings Ltd., ADR (China)(a) (b)
|
226,603
|
|
63,044
|
Youku Tudou, Inc., ADR (China)(a) (b)
|
1,289,250
|
|
51,463,546
|
|||
Consumer, Cyclical - 1.4%
|
|||
15,579
|
7 Days Group Holdings Ltd., ADR (China)(b)
|
212,654
|
|
15,510
|
China Lodging Group Ltd., ADR (China)(b)
|
247,617
|
|
19,417
|
China Southern Airlines Co. Ltd., ADR (China)(a)
|
441,931
|
|
7,283
|
Home Inns & Hotels Management, Inc., ADR (China)(b)
|
211,134
|
|
79,903
|
Tata Motors Ltd., ADR (India)
|
2,191,739
|
|
3,305,075
|
|||
Consumer, Non-cyclical - 5.1%
|
|||
6,332
|
51job, Inc., ADR (China)(b)
|
379,920
|
|
272,519
|
BRF SA, ADR (Brazil)
|
6,357,868
|
|
36,772
|
Dr Reddy's Laboratories Ltd., ADR (India)(a)
|
1,359,461
|
|
38,145
|
Mindray Medical International Ltd., ADR (China)(a)
|
1,564,708
|
|
59,726
|
New Oriental Education & Technology Group, ADR (China)
|
1,333,682
|
|
28,249
|
TAL Education Group, ADR (China)
|
307,349
|
|
27,309
|
WNS Holdings Ltd., ADR (India)(b)
|
439,675
|
|
36,301
|
WuXi PharmaTech Cayman, Inc., ADR (China)(b)
|
743,081
|
|
12,485,744
|
|||
Energy - 16.6%
|
|||
79,879
|
China Petroleum & Chemical Corp., ADR (China)
|
8,132,481
|
|
64,241
|
CNOOC Ltd., ADR (China)
|
11,167,655
|
|
73,637
|
PetroChina Co. Ltd., ADR (China)
|
8,518,328
|
|
656,093
|
Petroleo Brasileiro SA, ADR (Brazil)
|
11,658,773
|
|
61,365
|
Trina Solar Ltd., ADR (China)(a) (b)
|
358,372
|
|
86,270
|
Yanzhou Coal Mining Co. Ltd., ADR (China)(a)
|
867,876
|
|
40,703,485
|
|||
Financial - 8.6%
|
|||
225,279
|
Banco Santander Brasil SA, ADR (Brazil)
|
1,606,239
|
|
201,169
|
China Life Insurance Co. Ltd., ADR (China)(a)
|
7,678,621
|
|
114,798
|
Gafisa SA, ADR (Brazil)(a) (b)
|
401,793
|
|
156,557
|
HDFC Bank Ltd., ADR (India)
|
6,299,854
|
|
115,182
|
ICICI Bank Ltd., ADR (India)
|
5,179,734
|
|
21,166,241
|
|||
Industrial - 1.3%
|
|||
66,808
|
Embraer SA, ADR (Brazil)
|
2,423,126
|
|
19,204
|
Guangshen Railway Co. Ltd., ADR (China)(a)
|
421,528
|
|
83,892
|
Yingli Green Energy Holding Co. Ltd., ADR (China)(a) (b)
|
239,092
|
|
3,083,746
|
|||
Technology - 5.0%
|
|||
22,260
|
AutoNavi Holdings Ltd., ADR (China)(b)
|
266,675
|
|
7,521
|
Changyou.com Ltd., ADR (China)
|
231,271
|
|
194,856
|
Infosys Ltd., ADR (India)(a)
|
8,135,238
|
|
54,830
|
Pactera Technology International Ltd., ADR (China)(b)
|
366,264
|
|
244,759
|
Semiconductor Manufacturing International Corp., ADR (China)(a) (b)
|
981,483
|
|
23,059
|
Spreadtrum Communications, Inc., ADR (China)
|
448,728
|
|
256,893
|
Wipro Ltd., ADR (India)(a)
|
1,960,094
|
|
12,389,753
|
|||
Utilities - 1.9%
|
|||
142,448
|
Centrais Eletricas Brasileiras SA, ADR (Brazil)(a)
|
367,516
|
|
145,587
|
Cia de Saneamento Basico do Estado de Sao Paulo, ADR (Brazil)
|
1,851,867
|
|
50,020
|
CPFL Energia SA, ADR (Brazil)
|
1,064,926
|
|
35,500
|
Huaneng Power International, Inc., ADR (China)(a)
|
1,433,845
|
|
4,718,154
|
|||
Total Common Stocks - 67.4%
|
|||
(Cost $250,527,497)
|
165,593,764
|
||
Preferred Stocks - 31.3%
|
|||
Basic Materials - 5.8%
|
|||
38,770
|
Braskem SA, ADR (Brazil)(a) (b)
|
610,628
|
|
369,710
|
Gerdau SA, ADR (Brazil)(a)
|
2,258,928
|
|
839,200
|
Vale SA, ADR (Brazil)
|
11,312,416
|
|
14,181,972
|
|||
Communications - 1.2%
|
|||
121,220
|
Telefonica Brasil SA, ADR (Brazil)
|
2,995,346
|
|
Consumer, Cyclical - 0.1%
|
|||
66,681
|
GOL Linhas Aereas Inteligentes SA, ADR (Brazil)(b)
|
297,397
|
|
Consumer, Non-cyclical - 5.9%
|
|||
59,516
|
Cia Brasileira de Distribuicao Grupo PAO de Acucar, ADR (Brazil)(a)
|
2,925,807
|
|
306,269
|
Cia de Bebidas das Americas, ADR (Brazil)
|
11,659,661
|
|
14,585,468
|
|||
Energy - 6.4%
|
|||
847,238
|
Petroleo Brasileiro SA, ADR (Brazil)
|
15,792,516
|
|
Financial - 10.4%
|
|||
646,137
|
Banco Bradesco SA, ADR (Brazil)
|
10,422,190
|
|
998,888
|
Itau Unibanco Holding SA, ADR (Brazil)
|
15,023,275
|
|
25,445,465
|
|||
Utilities - 1.5%
|
|||
114,548
|
Centrais Eletricas Brasileiras SA, ADR (Brazil)(a)
|
546,394
|
|
227,317
|
Cia Energetica de Minas Gerais, ADR (Brazil)(a)
|
2,368,643
|
|
48,150
|
Cia Paranaense de Energia, ADR (Brazil)
|
749,696
|
|
3,664,733
|
|||
Total Preferred Stocks - 31.3%
|
|||
(Cost $117,416,061)
|
76,962,897
|
||
Total Long-Term Investments - 98.7%
|
|||
(Cost $367,943,558)
|
242,556,661
|
||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Investments of Collateral for Securities Loaned - 10.2%
|
|||
25,140,554
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
$ 25,140,554
|
|
(Cost $25,140,554)
|
|||
Total Investments - 108.9%
|
|||
(Cost $393,084,112)
|
267,697,215
|
||
Liabilities in excess of Other Assets - (8.9%)
|
(21,943,321)
|
||
Net Assets - 100.0%
|
$ 245,753,894
|
||
ADR - American Depositary Receipt
|
|
OJSC - Open Joint Stock Company
|
|
SA - Corporation
|
|
(a)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(b)
|
Non-income producing security.
|
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $25,273,168 and the total market value of the collateral held by the Fund was $25,912,606, consisting of cash collateral of $25,140,555 and U.S. Government and Agency securities valued at $772,051.
|
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
|
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$ | 165,594 | $ | - | $ | - | $ | 165,594 | ||||||||
Preferred Stocks
|
76,963 | - | - | 76,963 | ||||||||||||
Investments of Collateral for Securities Loaned
|
25,140 | - | - | 25,140 | ||||||||||||
Total
|
$ | 267,697 | $ | - | $ | - | $ | 267,697 |
DEF Guggenheim Defensive Equity ETF
|
Portfolio of Investments
|
May 31, 2013 (unaudited)
|
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 99.8%
|
|||
Common Stocks - 82.8%
|
|||
Communications - 13.8%
|
|||
32,431
|
AT&T, Inc.
|
$ 1,134,761
|
|
32,466
|
CenturyLink, Inc.
|
1,108,714
|
|
21,902
|
China Mobile Ltd., ADR (China)
|
1,134,524
|
|
37,240
|
Chunghwa Telecom Co. Ltd., ADR (Taiwan)(a)
|
1,167,846
|
|
294,096
|
Frontier Communications Corp.(a)
|
1,217,557
|
|
69,449
|
KT Corp., ADR (South Korea)
|
1,170,910
|
|
49,297
|
Nippon Telegraph & Telephone Corp., ADR (Japan)
|
1,220,594
|
|
74,113
|
NTT DoCoMo, Inc., ADR (Japan)
|
1,087,979
|
|
16,185
|
Philippine Long Distance Telephone Co., ADR (Philippines)
|
1,164,996
|
|
58,053
|
SK Telecom Co. Ltd., ADR (South Korea)
|
1,178,476
|
|
97,713
|
Telefonaktiebolaget LM Ericsson, ADR (Sweden)
|
1,140,311
|
|
25,567
|
Telekomunikasi Indonesia Persero TBK PT, ADR (Indonesia)
|
1,155,628
|
|
12,500
|
Time Warner Cable, Inc.
|
1,193,875
|
|
23,110
|
Verizon Communications, Inc.
|
1,120,373
|
|
16,196,544
|
|||
Consumer, Cyclical - 7.3%
|
|||
9,276
|
Copa Holdings SA, Class A (Panama)
|
1,218,124
|
|
24,935
|
Kohl's Corp.
|
1,281,908
|
|
19,555
|
Magna International, Inc. (Canada)
|
1,302,754
|
|
17,702
|
PetSmart, Inc.
|
1,194,885
|
|
18,449
|
Ross Stores, Inc.
|
1,186,271
|
|
17,176
|
Target Corp.
|
1,193,732
|
|
15,259
|
Wal-Mart Stores, Inc.
|
1,141,984
|
|
8,519,658
|
|||
Consumer, Non-cyclical - 20.2%
|
|||
33,552
|
Abbott Laboratories
|
1,230,352
|
|
23,302
|
AstraZeneca PLC, ADR (United Kingdom)
|
1,194,227
|
|
28,276
|
Avery Dennison Corp.
|
1,230,006
|
|
30,056
|
Bristol-Myers Squibb Co.
|
1,382,877
|
|
25,985
|
Campbell Soup Co.
|
1,112,418
|
|
19,114
|
Church & Dwight Co., Inc.
|
1,162,322
|
|
36,285
|
Cia Cervecerias Unidas SA, ADR (Chile)
|
967,721
|
|
7,473
|
Coca-Cola Femsa SAB de CV, ADR (Mexico)
|
1,093,599
|
|
33,950
|
ConAgra Foods, Inc.
|
1,143,775
|
|
24,256
|
General Mills, Inc.
|
1,141,972
|
|
23,576
|
GlaxoSmithKline PLC, ADR (United Kingdom)
|
1,220,529
|
|
16,607
|
HJ Heinz Co.
|
1,201,682
|
|
11,729
|
JM Smucker Co.
|
1,184,160
|
|
22,529
|
Kraft Foods Group, Inc.
|
1,242,024
|
|
34,865
|
Kroger Co.
|
1,173,905
|
|
28,243
|
Lorillard, Inc.
|
1,198,633
|
|
16,489
|
Novartis AG, ADR (Switzerland)
|
1,183,251
|
|
15,471
|
Procter & Gamble Co.
|
1,187,554
|
|
31,398
|
Teva Pharmaceutical Industries Ltd., ADR (Israel)
|
1,199,404
|
|
76,469
|
Western Union Co.
|
1,252,562
|
|
23,702,973
|
|||
Energy - 3.0%
|
|||
27,356
|
BP PLC, ADR (United Kingdom)
|
1,173,846
|
|
19,332
|
ConocoPhillips
|
1,185,825
|
|
9,532
|
PetroChina Co. Ltd., ADR (China)
|
1,102,662
|
|
3,462,333
|
|||
Financial - 8.9%
|
|||
38,689
|
Apartment Investment & Management Co., Class A, REIT
|
1,170,729
|
|
27,406
|
Arthur J Gallagher & Co.
|
1,197,094
|
|
168,940
|
Banco Santander Brasil SA, ADR (Brazil)
|
1,204,542
|
|
44,239
|
Banco Santander Chile, ADR (Chile)
|
1,077,220
|
|
17,560
|
Digital Realty Trust, Inc., REIT
|
1,069,579
|
|
31,057
|
Marsh & McLennan Cos., Inc.
|
1,242,901
|
|
12,881
|
PartnerRe Ltd. (Bermuda)
|
1,167,663
|
|
41,621
|
Senior Housing Properties Trust, REIT
|
1,075,903
|
|
14,100
|
Travelers Cos., Inc.
|
1,180,452
|
|
10,386,083
|
|||
Industrial - 4.2%
|
|||
11,771
|
Lockheed Martin Corp.
|
1,245,725
|
|
19,099
|
Raytheon Co.
|
1,272,757
|
|
34,694
|
Republic Services, Inc.
|
1,183,066
|
|
29,274
|
Waste Management, Inc.
|
1,227,459
|
|
4,929,007
|
|||
Technology - 6.1%
|
|||
80,837
|
Activision Blizzard, Inc.
|
1,166,478
|
|
90,508
|
Dell, Inc.
|
1,208,281
|
|
50,307
|
Intel Corp.
|
1,221,454
|
|
37,957
|
Maxim Integrated Products, Inc.
|
1,119,352
|
|
28,660
|
Seagate Technology PLC (Ireland)
|
1,234,673
|
|
61,527
|
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)
|
1,148,094
|
|
7,098,332
|
|||
Utilities - 19.3%
|
|||
27,494
|
AGL Resources, Inc.
|
1,163,821
|
|
23,838
|
American Electric Power Co., Inc.
|
1,092,257
|
|
49,746
|
CenterPoint Energy, Inc.
|
1,153,112
|
|
41,521
|
CMS Energy Corp.
|
1,118,991
|
|
19,178
|
Consolidated Edison, Inc.
|
1,094,488
|
|
16,833
|
DTE Energy Co.
|
1,121,246
|
|
23,343
|
Edison International
|
1,072,377
|
|
17,400
|
Entergy Corp.
|
1,198,512
|
|
27,226
|
FirstEnergy Corp.
|
1,062,086
|
|
14,924
|
NextEra Energy, Inc.
|
1,128,553
|
|
26,970
|
Northeast Utilities
|
1,123,840
|
|
16,709
|
OGE Energy Corp.
|
1,134,040
|
|
54,576
|
Pepco Holdings, Inc.
|
1,133,544
|
|
25,868
|
PG&E Corp.
|
1,161,732
|
|
19,826
|
Pinnacle West Capital Corp.
|
1,119,773
|
|
37,613
|
PPL Corp.
|
1,117,106
|
|
33,950
|
Public Service Enterprise Group, Inc.
|
1,121,708
|
|
48,018
|
Questar Corp.
|
1,167,318
|
|
22,471
|
SCANA Corp.
|
1,133,437
|
|
25,724
|
Southern Co.
|
1,129,284
|
|
22,547,225
|
|||
Total Common Stocks - 82.8%
|
|||
(Cost $92,898,687)
|
96,842,155
|
||
Preferred Stocks - 2.8%
|
|||
Communications - 0.9%
|
|||
44,983
|
Telefonica Brasil SA, ADR (Brazil)
|
1,111,530
|
|
Consumer, Non-cyclical - 1.9%
|
|||
21,587
|
Cia Brasileira de Distribuicao Grupo PAO de Acucar, ADR (Brazil)(a)
|
1,061,217
|
|
29,195
|
Cia de Bebidas das Americas, ADR (Brazil)
|
1,111,453
|
|
2,172,670
|
|||
Total Preferred Stocks - 2.8%
|
|||
(Cost $3,402,507)
|
3,284,200
|
||
Master Limited Partnerships - 14.2%
|
|||
Consumer, Cyclical - 2.0%
|
|||
25,924
|
AmeriGas Partners, LP(a)
|
1,218,428
|
|
15,096
|
Icahn Enterprises, LP(a)
|
1,170,393
|
|
2,388,821
|
|||
Energy - 11.2%
|
|||
39,206
|
Boardwalk Pipeline Partners, LP(a)
|
1,160,498
|
|
18,055
|
Buckeye Partners, LP, Class B
|
1,194,158
|
|
41,592
|
Enbridge Energy Partners, LP
|
1,227,380
|
|
20,474
|
Energy Transfer Equity, LP
|
1,170,294
|
|
19,836
|
Enterprise Products Partners, LP
|
1,178,060
|
|
13,755
|
Kinder Morgan Energy Partners, LP
|
1,147,167
|
|
23,298
|
Magellan Midstream Partners, LP
|
1,211,263
|
|
23,498
|
ONEOK Partners, LP(a)
|
1,216,256
|
|
21,007
|
Plains All American Pipeline, LP
|
1,180,173
|
|
20,018
|
Sunoco Logistics Partners, LP
|
1,211,890
|
|
25,991
|
Targa Resources Partners, LP
|
1,208,841
|
|
13,105,980
|
|||
Financial - 1.0%
|
|||
22,168
|
Oaktree Capital Group LLC
|
1,156,061
|
|
Total Master Limited Partnerships - 14.2%
|
|||
(Cost $14,617,347)
|
16,650,862
|
||
Total Long-Term Investments - 99.8%
|
|||
(Cost $110,918,541)
|
116,777,217
|
||
Investments of Collateral for Securities Loaned - 5.7%
|
|||
6,732,063
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(b) (c)
|
6,732,063
|
|
(Cost $6,732,063)
|
|||
Total Investments - 105.5%
|
|||
(Cost $117,650,604)
|
123,509,280
|
||
Liabilities in excess of Other Assets - (5.5%)
|
(6,479,007)
|
||
Net Assets - 100.0%
|
$117,030,273
|
ADR - American Depositary Receipt
|
||
AG - Stock Corporation
|
||
LLC - Limited Liability Company
|
||
LP - Limited Partnership
|
||
PLC - Public Limited Company
|
||
PT - Limited Liability Company
|
||
REIT - Real Estate Investment Trust
|
||
SA - Corporation
|
||
SAB de CV - Publicly Traded Company
|
||
TBK - Company listed on the Jakarta Stock Exchange
|
(a)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(b)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $6,560,709 and the total market value of the collateral held by the Fund was $6,740,978, consisting of cash collateral of $6,732,063 and U.S. Government and Agency securities valued at $8,915.
|
(c)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
||
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
Securities listed on an exchange are valued at the last reported sale price on the principal exchange or on the principal over-the-counter market on which such securities are traded, as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the day the securities are being valued or, if there are no sales, at the mean of the most recent bid and ask prices. Equity securities that are traded primarily on the NASDAQ Stock Market are valued at the NASDAQ Official Closing Price. Debt securities are valued at the mean of the last available bid and ask prices for such securities or, if such prices are not available, at prices for securities of comparable maturity, quality and type. If sufficient market activity is limited or does not exist, the pricing providers or broker-dealers may utilize proprietary valuation models which consider market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which are then discounted to calculate a security’s fair value. Short-term securities with maturities of 60 days or less at time of purchase are valued at amortized cost, which approximates market value. Money market funds are valued at net asset value.
|
For those securities where quotations or prices are not available, the valuations are determined in accordance with procedures established in good faith by management and approved by the Board of Trustees of the Trust (“Board of Trustees”). A valuation committee consisting of representatives from investments, fund administration, legal and compliance is responsible for the oversight of the valuation process of the Fund and convenes monthly, or more frequently as needed. The valuation committee reviews monthly Level 3 fair valued securities methodology, price overrides, broker quoted securities, price source changes, illiquid securities, unchanged priced securities, halted securities, price challenges, fair valued securities sold and back testing trade prices in relation to prior day closing prices. On a quarterly basis, the valuations and methodologies of all Level 3 fair valued securities are presented to the Fund’s Trustees.
|
Valuations in accordance with these procedures are intended to reflect each security’s (or asset’s) “fair value.” 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. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security).
|
There are three different categories for valuations. Level 1 valuations are those based upon quoted prices in active markets. Level 2 valuations are those based upon quoted prices in inactive markets or based upon significant observable inputs (e.g. yield curves; benchmark interest rates; indices). Level 3 valuations are those based upon unobservable inputs (e.g. discounted cash flow analysis; non-market based methods used to determine fair valuation).
|
The Fund values Level 1 securities using readily available market quotations in active markets. The Fund values Level 2 fixed income securities using independent pricing providers who employ matrix pricing models utilizing market prices, broker quotes and prices of securities with comparable maturities and qualities. The Fund values Level 2 equity securities using various observable market inputs as described above. The Fund did not have any Level 3 securities at May 31, 2013.
|
The following table represents the Fund's investments carried by caption and by level within the fair value hierarchy as of May 31, 2013:
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$ | 96,842 | $ | - | $ | - | $ | 96,842 | ||||||||
Preferred Stocks
|
3,284 | - | 3,284 | |||||||||||||
Master Limited Partnerships
|
16,651 | - | - | 16,651 | ||||||||||||
Investments of Collateral for Securities Loaned
|
6,732 | - | - | 6,732 | ||||||||||||
Total
|
$ | 123,509 | $ | - | $ | - | $ | 123,509 |
NFO Guggenheim Insider Sentiment ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 100.0%
|
|||
Common Stocks - 96.7%
|
|||
Basic Materials - 5.4%
|
|||
123,107
|
Alcoa, Inc.
|
$ 1,046,409
|
|
33,856
|
American Vanguard Corp.
|
1,031,254
|
|
5,118
|
CF Industries Holdings, Inc.
|
977,333
|
|
63,932
|
Commercial Metals Co.
|
985,831
|
|
75,440
|
Resolute Forest Products, Inc.(a)
|
1,148,197
|
|
17,025
|
Stepan Co.
|
919,861
|
|
6,108,885
|
|||
Communications - 4.2%
|
|||
83,394
|
Corning, Inc.
|
1,281,766
|
|
167,451
|
Iridium Communications, Inc.(a) (b)
|
1,193,926
|
|
16,888
|
Motorola Solutions, Inc.
|
978,828
|
|
46,285
|
Yahoo!, Inc.(a)
|
1,217,295
|
|
4,671,815
|
|||
Consumer, Cyclical - 21.8%
|
|||
33,887
|
ANN, Inc.(a)
|
1,039,653
|
|
23,718
|
AutoNation, Inc.(a)
|
1,098,855
|
|
26,715
|
Beacon Roofing Supply, Inc.(a)
|
1,101,192
|
|
19,238
|
Cabela's, Inc.(a)
|
1,290,100
|
|
21,942
|
Children's Place Retail Stores, Inc.(a)
|
1,170,167
|
|
27,020
|
Choice Hotels International, Inc.
|
1,066,750
|
|
20,276
|
CVS Caremark Corp.
|
1,167,492
|
|
13,149
|
Dillard's, Inc., Class A
|
1,213,258
|
|
20,568
|
Fastenal Co.
|
1,073,238
|
|
32,323
|
Foot Locker, Inc.
|
1,109,325
|
|
37,857
|
General Motors Co.(a)
|
1,282,974
|
|
14,338
|
Genuine Parts Co.
|
1,114,636
|
|
62,353
|
International Game Technology
|
1,114,872
|
|
23,543
|
Lithia Motors, Inc., Class A
|
1,226,355
|
|
24,870
|
Marriott Vacations Worldwide Corp.(a)
|
1,100,498
|
|
34,983
|
Norwegian Cruise Line Holdings Ltd. (Bermuda)(a)
|
1,075,727
|
|
26,579
|
Oshkosh Corp.(a)
|
1,058,376
|
|
37,952
|
Rue21, Inc.(a)
|
1,593,605
|
|
22,245
|
Susser Holdings Corp.(a)
|
1,053,078
|
|
54,054
|
Texas Roadhouse, Inc.
|
1,278,377
|
|
22,899
|
Williams-Sonoma, Inc.
|
1,235,630
|
|
24,464,158
|
|||
Consumer, Non-cyclical - 15.9%
|
|||
62,610
|
ABIOMED, Inc.(a) (b)
|
1,350,498
|
|
136,241
|
ACCO Brands Corp.(a)
|
974,123
|
|
22,139
|
ADT Corp.
|
898,622
|
|
46,348
|
Alkermes PLC (Ireland)(a)
|
1,448,375
|
|
9,520
|
Celgene Corp.(a)
|
1,177,148
|
|
39,014
|
CoreLogic, Inc.(a)
|
1,022,167
|
|
35,145
|
DeVry, Inc.
|
1,097,578
|
|
25,542
|
Herbalife Ltd. (Cayman Islands)(b)
|
1,192,045
|
|
15,407
|
Ingredion, Inc.
|
1,049,525
|
|
17,469
|
Life Technologies Corp.(a)
|
1,294,453
|
|
20,804
|
Moody's Corp.
|
1,382,218
|
|
34,184
|
Questcor Pharmaceuticals, Inc.(b)
|
1,168,067
|
|
41,102
|
Smithfield Foods, Inc.(a)
|
1,353,900
|
|
44,167
|
Tyson Foods, Inc., Class A
|
1,104,175
|
|
28,510
|
VistaPrint NV (Netherlands)(a) (b)
|
1,310,034
|
|
17,822,928
|
|||
Energy - 6.6%
|
|||
54,432
|
Alon USA Energy, Inc.
|
996,650
|
|
74,595
|
Basic Energy Services, Inc.(a)
|
995,843
|
|
8,939
|
Chevron Corp.
|
1,097,262
|
|
15,257
|
Hess Corp.
|
1,028,474
|
|
73,916
|
Rex Energy Corp.(a)
|
1,227,745
|
|
71,376
|
Swift Energy Co.(a)
|
967,859
|
|
18,146
|
Tesoro Corp.
|
1,118,701
|
|
7,432,534
|
|||
Financial - 20.1%
|
|||
40,863
|
AG Mortgage Investment Trust, Inc., REIT
|
935,354
|
|
32,646
|
American Capital Agency Corp., REIT
|
842,267
|
|
40,608
|
American Capital Mortgage Investment Corp., REIT
|
855,611
|
|
4,268
|
BlackRock, Inc.
|
1,191,626
|
|
88,333
|
CYS Investments, Inc., REIT
|
908,063
|
|
96,627
|
Fifth Street Finance Corp.
|
1,014,583
|
|
64,871
|
Fifth Third Bancorp
|
1,180,652
|
|
95,147
|
First Horizon National Corp.
|
1,092,288
|
|
107,717
|
Genworth Financial, Inc., Class A(a)
|
1,164,421
|
|
45,553
|
Home Loan Servicing Solutions Ltd. (Cayman Islands)
|
1,040,430
|
|
21,117
|
JPMorgan Chase & Co.
|
1,152,777
|
|
32,120
|
Lincoln National Corp.
|
1,145,399
|
|
26,565
|
MarketAxess Holdings, Inc.
|
1,151,858
|
|
102,411
|
National Penn Bancshares, Inc.
|
1,011,821
|
|
22,650
|
ProAssurance Corp.
|
1,137,030
|
|
31,384
|
Protective Life Corp.
|
1,213,933
|
|
55,550
|
SLM Corp.
|
1,318,757
|
|
22,920
|
UMB Financial Corp.
|
1,216,823
|
|
102,710
|
Valley National Bancorp(b)
|
957,257
|
|
12,583
|
Vornado Realty Trust, REIT
|
1,006,011
|
|
34,636
|
Weingarten Realty Investors, REIT
|
1,104,196
|
|
22,641,157
|
|||
Industrial - 10.7%
|
|||
33,916
|
Actuant Corp., Class A
|
1,153,144
|
|
19,636
|
AGCO Corp.
|
1,089,209
|
|
11,158
|
Energizer Holdings, Inc.
|
1,067,932
|
|
44,593
|
General Electric Co.
|
1,039,909
|
|
11,495
|
Genesee & Wyoming, Inc., Class A(a)
|
1,023,630
|
|
24,004
|
HEICO Corp.
|
1,214,122
|
|
19,519
|
Ingersoll-Rand PLC (Ireland)
|
1,122,928
|
|
15,294
|
JB Hunt Transport Services, Inc.
|
1,126,556
|
|
53,158
|
Masco Corp.
|
1,117,381
|
|
33,141
|
RTI International Metals, Inc.(a)
|
961,421
|
|
14,259
|
Triumph Group, Inc.
|
1,107,211
|
|
12,023,443
|
|||
Technology - 8.2%
|
|||
31,641
|
Broadcom Corp., Class A
|
1,136,228
|
|
73,201
|
Cadence Design Systems, Inc.(a)
|
1,107,531
|
|
28,672
|
Guidewire Software, Inc.(a)
|
1,174,405
|
|
53,748
|
iGATE Corp.(a)
|
779,884
|
|
44,797
|
Lexmark International, Inc., Class A
|
1,366,757
|
|
22,812
|
Salesforce.com, Inc.(a)
|
965,632
|
|
203,445
|
SunEdison, Inc.(a)
|
1,641,801
|
|
14,216
|
VMware, Inc., Class A(a)
|
1,011,042
|
|
9,183,280
|
|||
Utilities - 3.8%
|
|||
22,322
|
American Electric Power Co., Inc.
|
1,022,794
|
|
31,329
|
El Paso Electric Co.
|
1,121,265
|
|
32,987
|
Exelon Corp.
|
1,033,813
|
|
26,870
|
NorthWestern Corp.
|
1,105,969
|
|
4,283,841
|
|||
Total Common Stocks - 96.7%
|
|||
(Cost $94,460,304)
|
108,632,041
|
||
Exchange Traded Fund - 0.3%
|
|||
3,800
|
iShares Core S&P Small-Capital ETF(b)
|
344,584
|
|
(Cost $330,561)
|
|||
Master Limited Partnerships - 3.0%
|
|||
Energy - 1.0%
|
|||
22,256
|
Genesis Energy, LP
|
1,116,139
|
|
Financial - 0.9%
|
|||
93,306
|
KKR Financial Holdings, LLC
|
981,579
|
|
Industrial - 1.1%
|
|||
29,956
|
Martin Midstream Partners, LP(b)
|
1,229,993
|
|
Total Master Limited Partnerships - 3.0%
|
|||
(Cost $2,567,708)
|
3,327,711
|
||
Total Long-Term Investments - 100.0%
|
|||
(Cost $97,358,573)
|
112,304,336
|
||
Investments of Collateral for Securities Loaned - 5.5%
|
|||
6,228,342
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
6,228,342
|
|
(Cost $6,228,342)
|
|||
Total Investments - 105.5%
|
|||
(Cost $103,586,915)
|
118,532,678
|
||
Liabilities in excess of Other Assets - (5.5%)
|
(6,187,213)
|
||
Net Assets - 100.0%
|
$112,345,465
|
||
LLC - Limited Liability Company
|
||
LP - Limited Partnership
|
||
NV - Publicly Traded Company
|
||
PLC - Public Limited Company
|
||
REIT - Real Estate Investment Trust
|
||
S&P - Standard & Poor's
|
(a)
|
Non-income producing security.
|
(b)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $6,097,423 and the total market value of the collateral held by the Fund was $6,228,342.
|
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
Country Allocation*
|
|
United States
|
93.6%
|
Ireland
|
2.3%
|
Cayman Islands
|
2.0%
|
Netherlands
|
1.2%
|
Bermuda
|
0.9%
|
* Subject to change daily. Based on long-term investments.
|
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
CZA Guggenheim Mid-Cap Core ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 99.9%
|
|||
Common Stocks - 90.3%
|
|||
Basic Materials - 5.2%
|
|||
9,854
|
Albemarle Corp.
|
$659,430
|
|
5,262
|
Cytec Industries, Inc.
|
376,075
|
|
9,099
|
International Flavors & Fragrances, Inc.
|
730,559
|
|
20,114
|
MeadWestvaco Corp.
|
703,990
|
|
15,003
|
RPM International, Inc.
|
497,049
|
|
10,439
|
Valspar Corp.
|
748,163
|
|
3,715,266
|
|||
Communications - 4.7%
|
|||
18,015
|
Amdocs Ltd. (Channel Islands)
|
643,135
|
|
59,376
|
Liberty Interactive Corp., Class A(a)
|
1,332,991
|
|
40,950
|
Nielsen Holdings NV (Netherlands)
|
1,388,615
|
|
3,364,741
|
|||
Consumer, Cyclical - 6.1%
|
|||
11,991
|
Arrow Electronics, Inc.(a)
|
476,762
|
|
16,836
|
Ingram Micro, Inc., Class A(a)
|
321,736
|
|
38,567
|
Mattel, Inc.
|
1,725,873
|
|
10,227
|
Ralph Lauren Corp.
|
1,790,646
|
|
4,315,017
|
|||
Consumer, Non-cyclical - 18.8%
|
|||
14,208
|
Actavis, Inc.(a)
|
1,751,704
|
|
17,974
|
Beam, Inc.
|
1,165,434
|
|
3,166
|
Bio-Rad Laboratories, Inc., Class A(a)
|
359,911
|
|
145,810
|
Boston Scientific Corp.(a)
|
1,347,284
|
|
18,671
|
Bruker Corp.(a)
|
308,632
|
|
25,028
|
CareFusion Corp.(a)
|
919,779
|
|
46,027
|
ConAgra Foods, Inc.
|
1,550,650
|
|
20,354
|
Constellation Brands, Inc., Class A(a)
|
1,078,965
|
|
10,866
|
CoreLogic, Inc.(a)
|
284,689
|
|
9,308
|
CR Bard, Inc.
|
959,562
|
|
25,100
|
Genpact Ltd. (Bermuda)
|
485,685
|
|
8,538
|
Ingredion, Inc.
|
581,609
|
|
15,478
|
KAR Auction Services, Inc.
|
362,959
|
|
5,252
|
Macquarie Infrastructure Co., LLC
|
286,129
|
|
19,426
|
SEI Investments Co.
|
594,630
|
|
6,113
|
Sirona Dental Systems, Inc.(a)
|
433,656
|
|
7,557
|
Team Health Holdings, Inc.(a)
|
295,252
|
|
8,119
|
Towers Watson & Co., Class A
|
630,684
|
|
13,397,214
|
|||
Financial - 18.8%
|
|||
3,866
|
Allied World Assurance Co. Holdings AG (Switzerland)
|
345,659
|
|
10,063
|
American Financial Group, Inc.
|
488,659
|
|
13,992
|
Arthur J Gallagher & Co.
|
611,171
|
|
13,813
|
Axis Capital Holdings Ltd. (Bermuda)
|
601,694
|
|
7,761
|
BOK Financial Corp.
|
505,241
|
|
16,078
|
Brown & Brown, Inc.
|
518,837
|
|
36,681
|
CBRE Group, Inc., Class A(a)
|
850,266
|
|
22,936
|
CIT Group, Inc.(a)
|
1,056,891
|
|
30,295
|
CNA Financial Corp.
|
1,035,180
|
|
8,711
|
Credicorp Ltd. (Bermuda)
|
1,198,808
|
|
2,820
|
Credit Acceptance Corp.(a)
|
321,085
|
|
5,250
|
Erie Indemnity Co., Class A
|
398,528
|
|
12,496
|
Extra Space Storage, Inc., REIT
|
523,457
|
|
11,161
|
HCC Insurance Holdings, Inc.
|
478,249
|
|
49,006
|
Invesco Ltd. (Bermuda)
|
1,653,462
|
|
12,110
|
LPL Financial Holdings, Inc.
|
449,039
|
|
39,987
|
MFA Financial, Inc., REIT
|
351,086
|
|
57,599
|
Newcastle Investment Corp., REIT
|
291,451
|
|
6,879
|
ProAssurance Corp.
|
345,326
|
|
8,261
|
Reinsurance Group of America, Inc.
|
544,317
|
|
4,964
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
426,705
|
|
12,227
|
Validus Holdings Ltd. (Bermuda)
|
441,517
|
|
13,436,628
|
|||
Industrial - 14.8%
|
|||
11,939
|
AECOM Technology Corp.(a)
|
367,602
|
|
27,199
|
AMETEK, Inc.
|
1,173,637
|
|
17,762
|
Amphenol Corp., Class A
|
1,383,660
|
|
15,316
|
Avnet, Inc.(a)
|
523,195
|
|
12,891
|
Berry Plastics Group, Inc.(a)
|
270,840
|
|
6,600
|
Crane Co.
|
394,350
|
|
15,857
|
Crown Holdings, Inc.(a)
|
671,544
|
|
73,797
|
Flextronics International Ltd. (Singapore)(a)
|
550,526
|
|
37,716
|
Graphic Packaging Holding Co.(a)
|
290,036
|
|
6,770
|
Hubbell, Inc., Class B
|
679,911
|
|
12,992
|
PerkinElmer, Inc.
|
406,909
|
|
12,993
|
Progressive Waste Solutions Ltd. (Canada)
|
302,347
|
|
40,673
|
Republic Services, Inc.
|
1,386,949
|
|
7,676
|
Rock-Tenn Co., Class A
|
758,235
|
|
7,390
|
Silgan Holdings, Inc.
|
345,630
|
|
6,497
|
Textainer Group Holdings Ltd. (Bermuda)
|
243,573
|
|
5,338
|
Wabtec Corp.
|
587,233
|
|
5,645
|
Zebra Technologies Corp., Class A(a)
|
257,751
|
|
10,593,928
|
|||
Technology - 10.9%
|
|||
27,765
|
Avago Technologies Ltd. (Singapore)
|
1,047,018
|
|
32,497
|
Fidelity National Information Services, Inc.
|
1,459,116
|
|
58,524
|
Marvell Technology Group Ltd. (Bermuda)
|
634,400
|
|
32,269
|
Maxim Integrated Products, Inc.
|
951,613
|
|
18,127
|
NCR Corp.(a)
|
605,442
|
|
28,213
|
NXP Semiconductor NV (Netherlands)(a)
|
870,371
|
|
7,631
|
Solera Holdings, Inc.
|
417,950
|
|
16,645
|
Synopsys, Inc.(a)
|
606,710
|
|
138,737
|
Xerox Corp.
|
1,219,498
|
|
7,812,118
|
|||
Utilities - 11.0%
|
|||
83,467
|
AES Corp.
|
1,018,297
|
|
12,329
|
Alliant Energy Corp.
|
607,327
|
|
26,926
|
Ameren Corp.
|
916,561
|
|
19,793
|
American Water Works Co., Inc.
|
790,532
|
|
47,433
|
CenterPoint Energy, Inc.
|
1,099,497
|
|
17,063
|
Great Plains Energy, Inc.
|
385,112
|
|
20,819
|
MDU Resources Group, Inc.
|
538,379
|
|
34,964
|
Northeast Utilities
|
1,456,950
|
|
12,198
|
Pinnacle West Capital Corp.
|
688,943
|
|
9,237
|
Vectren Corp.
|
317,199
|
|
7,818,797
|
|||
Total Common Stocks - 90.3%
|
|||
(Cost $59,568,939)
|
64,453,709
|
||
Master Limited Partnerships - 9.3%
|
|||
Consumer, Cyclical - 0.7%
|
|||
10,343
|
AmeriGas Partners, LP(b)
|
486,121
|
|
Energy - 6.6%
|
|||
25,503
|
Boardwalk Pipeline Partners, LP(b)
|
754,889
|
|
10,851
|
Buckeye Partners, LP, Class B
|
717,685
|
|
23,966
|
El Paso Pipeline Partners, LP
|
984,763
|
|
24,674
|
Magellan Midstream Partners, LP
|
1,282,801
|
|
6,437
|
Suburban Propane Partners, LP
|
304,084
|
|
11,567
|
Sunoco Logistics Partners, LP
|
700,266
|
|
4,744,488
|
|||
Financial - 0.9%
|
|||
11,803
|
AllianceBernstein Holding, LP(b)
|
298,616
|
|
53,701
|
Fortress Investment Group, LLC
|
362,482
|
|
661,098
|
|||
Utilities - 1.1%
|
|||
20,629
|
Brookfield Infrastructure Partners, LP (Bermuda)
|
749,245
|
|
Total Master Limited Partnerships - 9.3%
|
|||
(Cost $5,565,291)
|
6,640,952
|
||
Exchange Traded Fund - 0.3%
|
|||
1,700
|
iShares Russell Midcap Index Fund
|
$223,975
|
|
(Cost $221,020)
|
|||
Total Long-Term Investments - 99.9%
|
|||
(Cost $65,355,250)
|
71,318,636
|
||
Investments of Collateral for Securities Loaned - 2.2%
|
|||
1,533,648
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
$1,533,648
|
|
(Cost $1,533,648)
|
|||
Total Investments - 102.1%
|
|||
(Cost $66,888,898)
|
72,852,284
|
||
Liabilities in excess of Other Assets - (2.1%)
|
(1,480,164)
|
||
Net Assets - 100.0%
|
$ 71,372,120
|
||
AG - Stock Corporation
|
||
LLC - Limited Liability Company
|
||
LP - Limited Partnership
|
||
NV - Publicly Traded Company
|
||
REIT - Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
|||
(b)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
|||
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $1,497,808 and the total market value of the collateral held by the Fund was $1,533,648.
|
|||
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
|||
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
Country Allocation**
|
||||
United States
|
83.8%
|
|||
Bermuda
|
9.0%
|
|||
Netherlands
|
3.2%
|
|||
Singapore
|
2.2%
|
|||
Channel Islands
|
0.9%
|
|||
Switzerland
|
0.5%
|
|||
Canada
|
0.4%
|
|||
** Subject to change daily. Based on long-term investments.
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$ | 64,454 | $ | - | $ | - | $ | 64,454 | ||||||||
Master Limited Partnership
|
6,641 | - | - | 6,641 | ||||||||||||
Exchange Traded Fund
|
224 | - | - | 224 | ||||||||||||
Investments of Collateral for Securities Loaned
|
1,533 | - | - | 1,533 | ||||||||||||
Total
|
$ | 72,852 | $ | - | $ | - | $ | 72,852 | ||||||||
CVY Guggenheim Multi-Asset Income ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 98.9%
|
|||
Convertible Preferred Stocks - 3.3%
|
|||
Consumer, Cyclical - 1.2%
|
|||
269,277
|
General Motors Co., Series B, 4.75%, 12/01/2013(a)
|
$13,143,411
|
|
Financial - 2.1%
|
|||
6,948
|
Bank of America Corp., Series L, 7.25%(b)
|
8,254,224
|
|
43,118
|
Fifth Third Bancorp, Series G, 8.50%(b)
|
6,925,613
|
|
5,291
|
Wells Fargo & Co., Series L, 7.50%(b)
|
6,640,205
|
|
21,820,042
|
|||
Total Convertible Preferred Stocks - 3.3%
|
|||
(Cost $32,994,005)
|
34,963,453
|
||
Common Stocks - 72.3%
|
|||
Basic Materials - 6.5%
|
|||
1,598,533
|
Cia Siderurgica Nacional SA, ADR (Brazil)(a)
|
5,035,379
|
|
293,165
|
Dow Chemical Co.
|
10,102,466
|
|
205,151
|
EI du Pont de Nemours & Co.
|
11,445,374
|
|
688,761
|
Freeport-McMoRan Copper & Gold, Inc.
|
21,386,029
|
|
212,007
|
Gold Resource Corp.
|
2,035,267
|
|
238,985
|
Newmont Mining Corp.
|
8,192,406
|
|
178,475
|
Olin Corp.
|
4,449,382
|
|
338,393
|
Tronox Ltd., Class A (Australia)(a)
|
7,810,110
|
|
70,456,413
|
|||
Communications - 7.3%
|
|||
322,515
|
Belo Corp., Class A
|
3,618,618
|
|
384,754
|
France Telecom SA, ADR (France)
|
3,886,016
|
|
645,024
|
Gannett Co., Inc.
|
13,868,016
|
|
252,131
|
Giant Interactive Group, Inc., ADR (Cayman Islands)(a)
|
2,133,028
|
|
116,861
|
Meredith Corp.
|
4,788,964
|
|
829,878
|
Oi SA, ADR (Brazil)(a)
|
1,551,872
|
|
111,947
|
Shaw Communications, Inc., Class B (Canada)
|
2,496,418
|
|
320,344
|
Sinclair Broadcast Group, Inc., Class A
|
8,658,898
|
|
453,467
|
Verizon Communications, Inc.
|
21,984,080
|
|
360,695
|
VimpelCom Ltd., ADR (Bermuda)
|
3,588,915
|
|
406,720
|
Vodafone Group PLC, ADR (United Kingdom)
|
11,774,544
|
|
78,349,369
|
|||
Consumer, Cyclical - 1.9%
|
|||
69,136
|
Darden Restaurants, Inc.
|
3,581,245
|
|
67,443
|
Hasbro, Inc.(a)
|
2,999,865
|
|
91,214
|
Mattel, Inc.
|
4,081,826
|
|
126,695
|
Six Flags Entertainment Corp.
|
9,447,646
|
|
20,110,582
|
|||
Consumer, Non-cyclical - 12.2%
|
|||
225,020
|
AstraZeneca PLC, ADR (United Kingdom)
|
11,532,275
|
|
194,210
|
B&G Foods, Inc.
|
5,589,364
|
|
111,612
|
Lorillard, Inc.
|
4,736,813
|
|
63,715
|
Macquarie Infrastructure Co., LLC
|
3,471,193
|
|
509,885
|
Merck & Co., Inc.
|
23,811,630
|
|
101,968
|
Meridian Bioscience, Inc.
|
2,203,528
|
|
110,065
|
Paychex, Inc.
|
4,097,720
|
|
1,132,743
|
Pfizer, Inc.
|
30,844,592
|
|
96,202
|
Quad Graphics, Inc.
|
2,241,507
|
|
109,593
|
Sysco Corp.
|
3,704,243
|
|
87,627
|
Universal Corp.
|
5,137,571
|
|
209,751
|
Valassis Communications, Inc.(a)
|
5,451,429
|
|
1,216,484
|
Warner Chilcott PLC, Class A (Ireland)
|
23,356,493
|
|
342,803
|
Western Union Co.
|
5,615,113
|
|
131,793,471
|
|||
Energy - 10.0%
|
|||
253,093
|
BP PLC, ADR (United Kingdom)
|
10,860,221
|
|
240,833
|
ConocoPhillips
|
14,772,696
|
|
116,311
|
Ecopetrol SA, ADR (Colombia)(a)
|
5,042,082
|
|
829,461
|
Enerplus Corp. (Canada)(a)
|
12,923,002
|
|
224,622
|
ENI SpA, ADR (Italy)
|
10,177,623
|
|
183,933
|
Kinder Morgan, Inc.
|
6,985,775
|
|
1,157,144
|
Penn West Petroleum Ltd. (Canada)(a)
|
11,791,297
|
|
151,841
|
Royal Dutch Shell PLC, Class B, ADR (United Kingdom)
|
10,451,216
|
|
196,222
|
Spectra Energy Corp.
|
5,998,507
|
|
204,418
|
Total SA, ADR (France)
|
10,190,237
|
|
225,661
|
Williams Cos., Inc.
|
7,938,754
|
|
107,131,410
|
|||
Financial - 17.3%
|
|||
101,019
|
AG Mortgage Investment Trust, Inc., REIT
|
2,312,325
|
|
227,539
|
Aircastle Ltd. (Bermuda)
|
3,599,667
|
|
322,353
|
American Capital Agency Corp., REIT
|
8,316,707
|
|
220,526
|
American Capital Mortgage Investment Corp., REIT
|
4,646,483
|
|
660,109
|
Annaly Capital Management, Inc., REIT(a)
|
8,964,280
|
|
281,012
|
Banco Bilbao Vizcaya Argentaria SA, ADR (Spain)
|
2,621,842
|
|
91,614
|
Banco Latinoamericano de Comercio Exterior SA (Panama)
|
2,100,709
|
|
61,637
|
Bank of Hawaii Corp.
|
3,105,272
|
|
201,704
|
Capstead Mortgage Corp., REIT
|
2,476,925
|
|
3,422,950
|
Chimera Investment Corp., REIT
|
10,439,997
|
|
99,894
|
Community Bank System, Inc.
|
2,932,888
|
|
412,686
|
Federated Investors, Inc., Class B(a)
|
11,419,022
|
|
139,624
|
First Financial Bancorp
|
2,151,606
|
|
848,054
|
First Niagara Financial Group, Inc.
|
8,285,488
|
|
260,973
|
FirstMerit Corp.
|
4,924,561
|
|
444,461
|
FNB Corp.
|
5,111,301
|
|
141,035
|
Government Properties Income Trust, REIT
|
3,428,561
|
|
226,738
|
Hatteras Financial Corp., REIT
|
5,854,375
|
|
263,466
|
Home Loan Servicing Solutions Ltd. (Cayman Islands)
|
6,017,563
|
|
100,304
|
Homeowners Choice, Inc.
|
3,486,567
|
|
203,768
|
Hospitality Properties Trust, REIT
|
5,945,950
|
|
486,445
|
Invesco Mortgage Capital, Inc., REIT
|
9,072,199
|
|
241,829
|
KCAP Financial, Inc.(a)
|
2,662,537
|
|
159,347
|
Mack-Cali Realty Corp., REIT
|
4,222,696
|
|
185,751
|
Main Street Capital Corp.(a)
|
5,386,779
|
|
418,900
|
Manulife Financial Corp. (Canada)
|
6,618,620
|
|
403,473
|
National Penn Bancshares, Inc.
|
3,986,313
|
|
1,954,479
|
Newcastle Investment Corp., REIT
|
9,889,664
|
|
124,408
|
Oritani Financial Corp.
|
1,907,175
|
|
130,648
|
PacWest Bancorp(a)
|
3,766,582
|
|
118,468
|
Provident Financial Services, Inc.
|
1,803,083
|
|
256,140
|
Starwood Property Trust, Inc., REIT
|
6,498,272
|
|
193,618
|
Sun Life Financial, Inc. (Canada)(a)
|
5,667,199
|
|
159,727
|
Trustmark Corp.
|
4,071,441
|
|
854,398
|
Two Harbors Investment Corp., REIT
|
9,424,010
|
|
147,625
|
Western Asset Mortgage Capital Corp., REIT(a)
|
2,708,919
|
|
185,827,578
|
|||
Industrial - 2.6%
|
|||
109,335
|
Golar LNG Ltd. (Bermuda)(a)
|
3,717,390
|
|
82,717
|
Lockheed Martin Corp.
|
8,753,940
|
|
194,379
|
NAM TAI Electronics, Inc. (British Virgin Islands)
|
1,457,843
|
|
68,494
|
Raytheon Co.
|
4,564,440
|
|
103,257
|
Sonoco Products Co.
|
3,616,060
|
|
64,864
|
TAL International Group, Inc.
|
2,741,153
|
|
80,352
|
Textainer Group Holdings Ltd. (Bermuda)
|
3,012,396
|
|
27,863,222
|
|||
Technology - 6.7%
|
|||
150,825
|
CA, Inc.
|
4,119,031
|
|
60,140
|
Computer Programs & Systems, Inc.
|
3,011,811
|
|
1,665,602
|
Intel Corp.
|
40,440,817
|
|
356,999
|
Lexmark International, Inc., Class A
|
10,892,039
|
|
311,469
|
Seagate Technology PLC (Ireland)
|
13,418,085
|
|
71,881,783
|
|||
Utilities - 7.8%
|
|||
99,634
|
Atmos Energy Corp.
|
4,206,548
|
|
477,674
|
CMS Energy Corp.
|
12,873,314
|
|
125,345
|
CPFL Energia SA, ADR (Brazil)
|
2,668,595
|
|
109,651
|
Duke Energy Corp.
|
7,338,942
|
|
258,045
|
Entergy Corp.
|
17,774,140
|
|
205,199
|
Great Plains Energy, Inc.
|
4,631,341
|
|
67,503
|
Laclede Group, Inc.
|
3,194,917
|
|
152,580
|
National Grid PLC, ADR (United Kingdom)
|
9,087,665
|
|
393,535
|
NV Energy, Inc.
|
9,224,460
|
|
87,863
|
PG&E Corp.
|
3,945,927
|
|
158,883
|
Pinnacle West Capital Corp.
|
8,973,712
|
|
83,919,561
|
|||
Total Common Stocks - 72.3%
|
|||
(Cost $736,725,255)
|
777,333,389
|
||
Preferred Stocks - 2.8%
|
|||
Financial - 2.8%
|
|||
371,783
|
Goldman Sachs Group, Inc., 5.95%(b)
|
9,432,134
|
|
211,040
|
HSBC Holdings PLC, Series 2, 8.00% (United Kingdom)(b)
|
5,888,016
|
|
237,588
|
Regions Financial Corp., Series A, 6.38%(b)
|
6,018,104
|
|
360,488
|
Royal Bank of Scotland Group PLC, Series T, 7.25% (United Kingdom)(b)
|
9,019,410
|
|
(Cost $29,788,140)
|
30,357,664
|
||
Royalty Trust - 1.2%
|
|||
Energy - 1.2%
|
|||
140,295
|
BP Prudhoe Bay Royalty Trust(a)
|
12,496,076
|
|
(Cost $11,510,181)
|
|||
Closed End Funds - 9.4%
|
|||
2,811,866
|
Alpine Total Dynamic Dividend Fund
|
11,641,125
|
|
481,299
|
BlackRock Build America Bond Trust(a)
|
10,102,466
|
|
230,989
|
BlackRock Corporate High Yield Fund VI, Inc.
|
2,903,532
|
|
538,411
|
BlackRock Income Trust, Inc.
|
3,822,718
|
|
788,377
|
Calamos Strategic Total Return Fund
|
8,451,401
|
|
338,407
|
Clough Global Opportunities Fund(a)
|
4,422,979
|
|
422,714
|
Eaton Vance Tax-Advantaged Dividend Income Fund
|
7,955,477
|
|
557,184
|
Eaton Vance Tax-Advantaged Global Dividend Income Fund(a)
|
8,848,082
|
|
252,604
|
First Trust High Income Long/Short Fund
|
4,594,867
|
|
245,398
|
Invesco Municipal Trust(a)
|
3,263,793
|
|
135,092
|
John Hancock Preferred Income Fund III(a)
|
2,553,239
|
|
931,696
|
Liberty All Star Equity Fund
|
4,937,989
|
|
352,025
|
MFS Multimarket Income Trust(a)
|
2,502,898
|
|
569,372
|
Nuveen Preferred Income Opportunities Fund(a)
|
5,670,945
|
|
344,762
|
Nuveen Quality Preferred Income Fund
|
2,958,058
|
|
545,559
|
Nuveen Quality Preferred Income Fund II
|
4,959,131
|
|
411,885
|
Wells Fargo Advantage Global Dividend Opportunity Fund(a)
|
3,245,654
|
|
219,025
|
Wells Fargo Advantage Multi-Sector Income Fund
|
3,438,693
|
|
101,551
|
Western Asset Global Corporate Defined Opportunity Fund, Inc.
|
1,939,624
|
|
176,952
|
Western Asset High Yield Defined Opportunity Fund, Inc.(a)
|
3,252,378
|
|
(Cost $101,209,505)
|
101,465,049
|
||
Master Limited Partnerships - 9.7%
|
|||
Energy - 7.1%
|
|||
140,019
|
Buckeye Partners, LP, Class B
|
9,260,857
|
|
285,663
|
Enbridge Energy Partners, LP(a)
|
8,429,915
|
|
93,582
|
Energy Transfer Equity, LP
|
5,349,147
|
|
160,343
|
Energy Transfer Partners, LP(a)
|
7,794,273
|
|
84,570
|
Enterprise Products Partners, LP(a)
|
5,022,612
|
|
69,244
|
Kinder Morgan Energy Partners, LP
|
5,774,950
|
|
201,002
|
Linn Energy, LLC(a)
|
6,612,966
|
|
102,632
|
MarkWest Energy Partners, LP
|
6,757,291
|
|
623,242
|
Northern Tier Energy, LP
|
14,801,997
|
|
131,539
|
Williams Partners, LP(a)
|
6,562,481
|
|
76,366,489
|
|||
Financial - 2.6%
|
|||
473,654
|
Blackstone Group, LP
|
10,368,286
|
|
877,953
|
KKR & Co., LP
|
17,102,524
|
|
27,470,810
|
|||
Total Master Limited Partnerships - 9.7%
|
|||
(Cost $98,766,052)
|
103,837,299
|
||
Exchange Traded Fund - 0.2%
|
|||
12,050
|
SPDR S&P 500 ETF Trust
|
1,967,042
|
|
(Cost $1,993,492)
|
|||
Total Long-Term Investments - 98.9%
|
|||
(Cost $1,012,986,630)
|
1,062,419,972
|
||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Investments of Collateral for Securities Loaned - 6.9%
|
|||
73,949,714
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
73,949,714
|
|
(Cost $73,949,714)
|
|||
Total Investments - 105.8%
|
|||
(Cost $1,086,936,344)
|
1,136,369,686
|
||
Liabilities in excess of Other Assets - (5.8%)
|
(61,918,980)
|
||
Net Assets - 100.0%
|
$1,074,450,706
|
||
ADR - American Depositary Receipt
|
||
LLC - Limited Liability Company
|
||
LP - Limited Partnership
|
||
PLC - Public Limited Company
|
||
REIT - Real Estate Investment Trust
|
||
SA - Corporation
|
||
S&P - Standard & Poor's
|
||
SpA - Limited Share Company
|
||
(a)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
|
(b)
|
Perpetual maturity.
|
|
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $71,860,971 and the total market value of the collateral held by the Fund was $73,949,714.
|
|
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
|
Securities are classified by sectors that represent broad groupings of related industries.
|
||
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
At May 31, 2013, the cost and related gross unrealized appreciation and depreciation on investments for
|
||||||||||
tax purposes are as follows:
|
Cost of
Investments for
Tax Purposes
|
Gross Tax
Unrealized
Appreciation
|
Gross Tax
Unrealized
Depreciation
|
Net Tax Unrealized
Appreciation on
Investments
|
|||||||
$1,088,596,922 | $85,697,301 | $(37,924,537 ) | $47,772,764 |
Securities listed on an exchange are valued at the last reported sale price on the principal exchange or on the
|
||||||||||
principal over-the-counter market on which such securities are traded, as of the close of regular trading on the New
|
||||||||||
York Stock Exchange ("NYSE") on the day the securities are being valued or, if there are no sales, at the mean of
|
||||||||||
the most recent bid and asked prices. Equity securities that are traded primarily on the NASDAQ Stock Market are
|
||||||||||
valued at the NASDAQ Official Closing Price. Debt securities are valued at the mean of the last available bid and
|
||||||||||
ask prices for such securities or, if such prices are not available, at prices for securities of comparable maturity,
|
||||||||||
quality and type. If sufficient market activity is limited or does not exist, the pricing providers or broker-dealers may
|
||||||||||
utilize proprietary valuation models which consider market characteristics such as benchmark yield curves,
|
||||||||||
option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal
|
||||||||||
repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which
|
||||||||||
are then discounted to calculate a security's fair value. Short-term securities with maturities of 60 days or less at
|
||||||||||
time of purchase are valued at amortized cost, which approximates market value. Money market funds are valued
|
||||||||||
at net asset value.
|
||||||||||
For those securities where quotations or prices are not available, the valuations are determined in accordance with procedures established in good faith by management and approved by the Board of Trustees of the Trust (“Board of Trustees”). A valuation committee consisting of
representatives from investments, fund administration, legal and compliance is responsible for the oversight of the valuation process of the Fund and convenes monthly, or more frequently as needed. The valuation committee reviews monthly Level 3 fair valued securities methodology, price overrides, broker quoted securities, price source changes, illiquid securities, unchanged priced securities, halted securities, price challenges, fair valued securities sold and back testing trade prices in relation to prior day closing prices. On a quarterly basis, the valuations and methodologies of all Level 3 fair valued securities are presented to the Fund’s Trustees.
|
||||||||||
Valuations in accordance with these procedures are intended to reflect each security’s (or asset’s) “fair value.” 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. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security).
|
||||||||||
There are three different categories for valuations. Level 1 valuations are those based upon quoted prices in active markets.
|
||||||||||
Level 2 valuations are those based upon quoted prices in inactive markets or based upon significant observable inputs
|
||||||||||
(e.g. yield curves; benchmark interest rates; indices). Level 3 valuations are those based upon unobservable
|
||||||||||
inputs (e.g. discounted cash flow analysis; non-market based methods used to determine fair valuation).
|
||||||||||
The Fund values Level 1 securities using readily available market quotations in active markets. The
|
||||||||||
Fund values Level 2 fixed income securities using independent pricing providers who employ matrix
|
||||||||||
pricing models utilizing market prices, broker quotes and prices of securities with comparable maturities and
|
||||||||||
qualities. The Fund values Level 2 equity securities using various observable market inputs as described above.
|
||||||||||
The Fund did not have any Level 3 securities at May 31, 2013.
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Convertible Preferred Stocks
|
$ | 34,964 | $ | - | $ | - | $ | 34,964 | ||||||||
Common Stocks
|
777,333 | - | - | 777,333 | ||||||||||||
Preferred Stocks
|
30,358 | - | - | 30,358 | ||||||||||||
Royalty Trusts
|
12,496 | - | - | 12,496 | ||||||||||||
Closed End Funds
|
101,465 | - | - | 101,465 | ||||||||||||
Master Limited Partnerships
|
103,837 | - | - | 103,837 | ||||||||||||
Exchange Traded Funds
|
1,967 | - | - | 1,967 | ||||||||||||
Investments of Collateral for Securities Loaned
|
73,950 | - | - | 73,950 | ||||||||||||
Total
|
$ | 1,136,370 | $ | - | $ | - | $ | 1,136,370 |
RYJ Guggenheim Raymond James SB-1 Equity ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 100.0%
|
|||
Common Stocks - 96.2%
|
|||
Communications - 10.7%
|
|||
40,182
|
Angie's List, Inc.(a)
|
$942,670
|
|
127,731
|
Brightcove, Inc.(a)
|
955,428
|
|
12,787
|
Crown Castle International Corp.(a)
|
911,074
|
|
29,927
|
Ctrip.com International Ltd., ADR (Cayman Islands)(a)
|
932,226
|
|
33,419
|
DigitalGlobe, Inc.(a)
|
1,010,256
|
|
4,404
|
Equinix, Inc.(a)
|
892,426
|
|
40,808
|
ExactTarget, Inc.(a) (b)
|
938,992
|
|
38,762
|
Facebook, Inc., Class A(a)
|
943,855
|
|
130,743
|
Iridium Communications, Inc.(a) (b)
|
932,198
|
|
29,460
|
KVH Industries, Inc.(a)
|
388,577
|
|
17,997
|
Palo Alto Networks, Inc.(a)
|
873,214
|
|
85,696
|
Premiere Global Services, Inc.(a)
|
1,032,637
|
|
12,066
|
SBA Communications Corp., Class A(a)
|
908,208
|
|
32,996
|
WebMD Health Corp.(a)
|
974,042
|
|
12,635,803
|
|||
Consumer, Cyclical - 20.8%
|
|||
11,305
|
Advance Auto Parts, Inc.
|
921,584
|
|
10,101
|
Allegiant Travel Co.
|
934,443
|
|
20,044
|
Arctic Cat, Inc.
|
939,863
|
|
2,267
|
AutoZone, Inc.(a)
|
926,818
|
|
13,717
|
Bed Bath & Beyond, Inc.(a)
|
936,185
|
|
9,972
|
Buffalo Wild Wings, Inc.(a)
|
956,913
|
|
53,408
|
Carmike Cinemas, Inc.(a)
|
946,390
|
|
90,633
|
Carrols Restaurant Group, Inc.(a)
|
516,608
|
|
31,183
|
Cinemark Holdings, Inc.
|
914,909
|
|
33,247
|
Culp, Inc.
|
573,511
|
|
50,168
|
Del Frisco's Restaurant Group, Inc.(a)
|
932,623
|
|
13,269
|
DineEquity, Inc.
|
960,543
|
|
26,738
|
Dixie Group, Inc.(a)
|
198,396
|
|
17,322
|
Dollar General Corp.(a)
|
914,602
|
|
18,763
|
Dollar Tree, Inc.(a)
|
901,374
|
|
29,954
|
Ethan Allen Interiors, Inc.
|
939,657
|
|
27,734
|
Fiesta Restaurant Group, Inc.(a)
|
986,498
|
|
17,003
|
Harley-Davidson, Inc.
|
927,344
|
|
49,665
|
La-Z-Boy, Inc.
|
917,313
|
|
34,416
|
Newell Rubbermaid, Inc.
|
930,609
|
|
8,512
|
O'Reilly Automotive, Inc.(a)
|
927,042
|
|
39,311
|
Pier 1 Imports, Inc.
|
911,622
|
|
10,234
|
Polaris Industries, Inc.
|
977,449
|
|
18,224
|
Red Robin Gourmet Burgers, Inc.(a)
|
956,942
|
|
50,653
|
Regal Entertainment Group, Class A
|
896,558
|
|
21,881
|
Tempur-Pedic International, Inc.(a)
|
925,129
|
|
25,651
|
Toll Brothers, Inc.(a)
|
876,495
|
|
8,477
|
Tractor Supply Co.
|
949,254
|
|
24,596,674
|
|||
Consumer, Non-cyclical - 10.3%
|
|||
36,895
|
Alere, Inc.(a)
|
943,774
|
|
17,317
|
AmerisourceBergen Corp.
|
936,503
|
|
35,680
|
Capital Senior Living Corp.(a)
|
936,600
|
|
27,423
|
CareFusion Corp.(a)
|
1,007,795
|
|
54,743
|
Carriage Services, Inc.
|
1,036,285
|
|
14,464
|
Covidien PLC (Ireland)
|
919,911
|
|
20,449
|
Fresh Market, Inc.(a)
|
1,013,044
|
|
31,380
|
HealthSouth Corp.(a)
|
919,120
|
|
28,141
|
ICON PLC (Ireland)(a)
|
966,362
|
|
17,637
|
McGraw Hill Financial, Inc., Inc.
|
962,098
|
|
52,898
|
Service Corp. International
|
951,106
|
|
42,342
|
TMS International Corp., Class A
|
642,328
|
|
15,190
|
UnitedHealth Group, Inc.
|
951,350
|
|
12,186,276
|
|||
Energy - 1.6%
|
|||
24,859
|
LinnCo, LLC(b)
|
902,257
|
|
23,531
|
Valero Energy Corp.
|
956,065
|
|
1,858,322
|
|||
Financial - 31.0%
|
|||
19,346
|
Allstate Corp.
|
933,251
|
|
59,852
|
American Equity Investment Life Holding Co.
|
969,602
|
|
71,197
|
Bank of America Corp.
|
972,551
|
|
28,722
|
BB&T Corp.
|
945,528
|
|
164,801
|
BGC Partners, Inc.
|
908,054
|
|
62,059
|
Cardinal Financial Corp.
|
939,573
|
|
18,659
|
Citigroup, Inc.
|
970,082
|
|
32,020
|
Community Bank System, Inc.
|
940,107
|
|
14,957
|
Digital Realty Trust, Inc., REIT
|
911,031
|
|
59,213
|
EverBank Financial Corp.
|
929,644
|
|
49,665
|
Fidus Investment Corp.
|
944,628
|
|
87,935
|
Fifth Street Finance Corp.
|
923,318
|
|
97,684
|
Health Insurance Innovations, Inc.(a)
|
980,747
|
|
125,020
|
Huntington Bancshares, Inc.
|
968,905
|
|
71,076
|
Lakeland Bancorp, Inc.
|
704,363
|
|
30,038
|
Lakeland Financial Corp.
|
828,448
|
|
27,340
|
Lincoln National Corp.
|
974,944
|
|
21,453
|
MarketAxess Holdings, Inc.
|
930,202
|
|
23,338
|
Marsh & McLennan Cos., Inc.
|
933,987
|
|
94,265
|
National Penn Bancshares, Inc.
|
931,338
|
|
69,672
|
New York Community Bancorp, Inc.
|
911,310
|
|
52,925
|
Pacific Premier Bancorp, Inc.(a)
|
625,044
|
|
18,827
|
Post Properties, Inc., REIT
|
899,931
|
|
25,327
|
Principal Financial Group, Inc.
|
958,627
|
|
48,218
|
PrivateBancorp, Inc.
|
933,501
|
|
36,523
|
Progressive Corp.
|
930,971
|
|
24,900
|
Protective Life Corp.
|
963,132
|
|
14,161
|
Prudential Financial, Inc.
|
976,684
|
|
16,210
|
Rayonier, Inc., REIT
|
898,034
|
|
103,589
|
Regions Financial Corp.
|
945,768
|
|
18,759
|
SCBT Financial Corp.
|
938,888
|
|
41,992
|
StellarOne Corp.
|
657,175
|
|
21,641
|
Texas Capital Bancshares, Inc.(a)
|
955,667
|
|
26,621
|
US Bancorp
|
933,332
|
|
5,224
|
Visa, Inc., Class A
|
930,603
|
|
40,719
|
Webster Financial Corp.
|
950,789
|
|
23,426
|
Wells Fargo & Co.
|
949,924
|
|
29,700
|
Weyerhaeuser Co., REIT
|
885,654
|
|
24,932
|
Wintrust Financial Corp.
|
940,934
|
|
34,304
|
Zions Bancorporation
|
962,227
|
|
36,688,498
|
|||
Industrial - 10.5%
|
|||
48,716
|
Celadon Group
|
950,449
|
|
45,469
|
Covanta Holding Corp.
|
929,841
|
|
10,718
|
Genesee & Wyoming, Inc., Class A(a)
|
954,438
|
|
48,969
|
Jabil Circuit, Inc.
|
982,318
|
|
8,464
|
Kansas City Southern
|
936,965
|
|
54,902
|
Knight Transportation, Inc.
|
941,020
|
|
40,063
|
Marten Transport
|
961,111
|
|
117,391
|
PGT, Inc.(a)
|
968,476
|
|
34,353
|
Roadrunner Transportation Systems, Inc.(a)
|
951,578
|
|
15,049
|
Ryder System, Inc.
|
948,689
|
|
19,838
|
Saia, Inc.(a)
|
947,959
|
|
56,010
|
Swift Transportation Co.(a)
|
943,209
|
|
10,856
|
United Parcel Service, Inc., Class B
|
932,530
|
|
12,348,583
|
|||
Technology - 11.3%
|
|||
28,617
|
Altera Corp.
|
949,798
|
|
20,778
|
Analog Devices, Inc.
|
954,333
|
|
40,474
|
Diodes, Inc.(a)
|
955,186
|
|
39,859
|
EMC Corp.
|
986,909
|
|
67,525
|
Fairchild Semiconductor International, Inc.(a)
|
979,788
|
|
78,424
|
Greenway Medical Technologies(a)
|
941,088
|
|
130,561
|
LSI Corp.(a)
|
966,151
|
|
53,959
|
MedAssets, Inc.(a)
|
884,928
|
|
81,335
|
Micron Technology, Inc.(a)
|
949,993
|
|
43,562
|
Microsemi Corp.(a)
|
955,315
|
|
64,832
|
NVIDIA Corp.
|
939,416
|
|
14,669
|
QUALCOMM, Inc.
|
931,188
|
|
26,487
|
Semtech Corp.(a)
|
967,835
|
|
66,431
|
Tangoe, Inc.(a)
|
990,486
|
|
13,352,414
|
|||
Total Common Stocks - 96.2%
|
|||
(Cost $97,893,566)
|
113,666,570
|
||
Master Limited Partnerships - 3.8%
|
|||
Energy - 3.8%
|
|||
14,600
|
Alliance Holdings GP, LP
|
$930,458
|
|
12,380
|
Alliance Resource Partners, LP
|
894,827
|
|
15,126
|
Enterprise Products Partners, LP
|
898,333
|
|
26,887
|
Linn Energy, LLC
|
884,582
|
|
48,490
|
Memorial Production Partners, LP
|
912,097
|
|
(Cost $3,891,214)
|
4,520,297
|
||
Total Long-Term Investments - 100.0%
|
|||
(Cost $101,784,780)
|
118,186,867
|
||
Investments of Collateral for Securities Loaned - 0.8%
|
|||
956,147
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
956,147
|
|
(Cost $956,147)
|
|||
Total Investments - 100.8%
|
|||
(Cost $102,740,927)
|
119,143,014
|
||
Liabilities in excess of Other Assets - (0.8%)
|
(901,085)
|
||
Net Assets - 100.0%
|
$118,241,929
|
||
ADR - American Depositary Receipt
|
||
LLC - Limited Liability Company
|
||
LP - Limited Partnership
|
||
PLC - Public Limited Company
|
||
REIT - Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
(b)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $934,930 and the total market value of the collateral held by the Fund was $956,147.
|
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
|
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
Cost of Investments
for Tax Purposes
|
Gross Tax
Unrealized
Appreciation
|
Gross Tax
Unrealized
Depreciation
|
Net Tax
Unrealized
Appreciation on
Investments
|
$104,871,538
|
$17,554,788
|
$(3,283,312)
|
$14,271,476
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$ | 113,667 | $ | - | $ | - | $ | 113,667 | ||||||||
Master Limited Partnership
|
4,520 | - | - | 4,520 | ||||||||||||
Investments of Collateral for Securities Loaned
|
956 | - | - | 956 | ||||||||||||
Total
|
$ | 119,143 | $ | - | $ | - | $ | 119,143 | ||||||||
CSD Guggenheim Spin-Off ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 99.9%
|
|||
Common Stocks - 96.1%
|
|||
Basic Materials - 1.1%
|
|||
952,470
|
NovaCopper, Inc. (Canada)(a) (b)
|
$ 1,657,298
|
|
Communications - 19.0%
|
|||
102,339
|
AMC Networks, Inc., Class A(b)
|
6,551,743
|
|
469,229
|
Lumos Networks Corp.
|
6,447,207
|
|
1,687,284
|
Phoenix New Media Ltd., ADR (Cayman Islands)(a) (b)
|
7,862,743
|
|
131,978
|
TripAdvisor, Inc.(b)
|
8,511,261
|
|
29,372,954
|
|||
Consumer, Cyclical - 13.0%
|
|||
387,323
|
Fiesta Restaurant Group, Inc.(b)
|
13,777,079
|
|
134,123
|
Marriott Vacations Worldwide Corp.(b)
|
5,934,943
|
|
136,610
|
Orchard Supply Hardware Stores Corp., Class A(a) (b)
|
323,766
|
|
20,035,788
|
|||
Consumer, Non-cyclical - 4.2%
|
|||
155,955
|
Post Holdings, Inc.(b)
|
6,579,741
|
|
Energy - 21.2%
|
|||
1,870,875
|
Lone Pine Resources, Inc.(b)
|
1,249,370
|
|
87,912
|
Marathon Petroleum Corp.
|
7,252,740
|
|
101,799
|
Phillips 66
|
6,776,759
|
|
181,798
|
QEP Resources, Inc.
|
5,155,791
|
|
359,240
|
SunCoke Energy, Inc.(b)
|
5,568,220
|
|
346,544
|
WPX Energy, Inc.(b)
|
6,674,438
|
|
32,677,318
|
|||
Financial - 9.3%
|
|||
73,957
|
Howard Hughes Corp.(b)
|
7,366,117
|
|
349,020
|
Rouse Properties, Inc., REIT(a)
|
7,018,792
|
|
14,384,909
|
|||
Industrial - 25.5%
|
|||
212,656
|
Babcock & Wilcox Co.
|
6,311,630
|
|
467,874
|
Exelis, Inc.
|
5,684,669
|
|
187,736
|
Fortune Brands Home & Security, Inc.
|
7,937,478
|
|
131,560
|
Huntington Ingalls Industries, Inc.
|
7,264,743
|
|
135,922
|
Parametric Sound Corp.(a) (b)
|
2,271,257
|
|
291,197
|
Vishay Precision Group, Inc.(b)
|
4,210,709
|
|
202,752
|
Xylem, Inc.
|
5,705,441
|
|
39,385,927
|
|||
Utilities - 2.8%
|
|||
501,493
|
Genie Energy Ltd., Class B
|
4,307,825
|
|
Total Common Stocks - 96.1%
|
|||
(Cost $127,613,022)
|
148,401,760
|
||
Master Limited Partnership - 3.6%
|
|||
Energy - 3.6%
|
|||
245,534
|
Atlas Resources Partners, LP(a)
|
$5,580,988
|
|
(Cost $5,427,284)
|
|||
Exchange Traded Fund - 0.2%
|
|||
2,800
|
Vanguard MID-Capital ETF
|
$269,584
|
|
(Cost $270,774)
|
|||
Total Long-Term Investments - 99.9%
|
|||
(Cost $133,311,080)
|
154,252,332
|
||
Investments of Collateral for Securities Loaned - 4.0%
|
|||
6,217,731
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(c) (d)
|
6,217,731
|
|
(Cost $6,217,731)
|
|||
Total Investments - 103.9%
|
|||
(Cost $139,528,811)
|
160,470,063
|
||
Liabilities in excess of Other Assets - (3.9%)
|
(6,068,533)
|
||
Net Assets - 100.0%
|
$154,401,530
|
ADR - American Depositary Receipt
|
||
LP - Limited Partnership
|
||
REIT - Real Estate Investment Trust
|
(a)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(b)
|
Non-income producing security.
|
(c)
|
At May 31, 2013, the total market value of the Fund's securities on loan was $6,018,831 and the total market value of the collateral held by the Fund was $6,217,731.
|
(d)
|
Interest rate shown reflects yield as of May 31, 2013.
|
See previously submitted notes to financial statements February 28, 2013.
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
(value in $000s)
|
||||||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$ | 148,402 | $ | – | $ | – | $ | 148,402 | ||||||||
Master Limited Partnership
|
$ | 5,581 | - | - | 5,581 | |||||||||||
Exchange Traded Fund
|
$ | 270 | - | - | 270 | |||||||||||
Investments of Collateral for Securities Loaned
|
$ | 6,217 | - | - | 6,217 | |||||||||||
Total
|
$ | 160,470 | $ | – | $ | – | $ | 160,470 |
WMCR Wilshire Micro-Cap ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 99.9%
|
|||
Common Stocks - 99.7%
|
|||
Basic Materials - 2.7%
|
|||
4,540
|
American Pacific Corp.(a)
|
$126,212
|
|
6,079
|
Charles & Colvard Ltd.(a)
|
27,052
|
|
4,225
|
Codexis, Inc.(a)
|
9,717
|
|
2,552
|
Friedman Industries, Inc.
|
24,780
|
|
17,744
|
General Steel Holdings, Inc.(a)
|
17,567
|
|
13,027
|
Golden Minerals Co.(a) (b)
|
22,797
|
|
3,149
|
KMG Chemicals, Inc.
|
69,939
|
|
7,365
|
Landec Corp.(a)
|
103,405
|
|
89,036
|
Liquidmetal Technologies, Inc.(a)
|
7,212
|
|
2,215
|
Material Sciences Corp.(a) (b)
|
21,707
|
|
32,972
|
Midway Gold Corp. (Canada)(a)
|
35,610
|
|
14,389
|
Mines Management, Inc.(a) (b)
|
9,784
|
|
741
|
Northern Technologies International Corp.(a)
|
7,958
|
|
2,083
|
Oil-Dri Corp. of America
|
56,720
|
|
2,248
|
Orchids Paper Products Co.
|
56,245
|
|
2,974
|
Penford Corp.(a)
|
35,301
|
|
530
|
Shiloh Industries, Inc.
|
5,268
|
|
23,698
|
Silver Bull Resources, Inc.(a)
|
9,479
|
|
5,454
|
Solitario Exploration & Royalty Corp.(a)
|
6,436
|
|
6,526
|
Timberline Resources Corp.(a)
|
1,259
|
|
14,235
|
U.S. Antimony Corp.(a)
|
20,356
|
|
2,419
|
Universal Stainless & Alloy Products, Inc.(a)
|
76,658
|
|
26,882
|
Uranerz Energy Corp.(a) (b)
|
34,947
|
|
26,921
|
Uranium Energy Corp.(a)
|
57,611
|
|
7,847
|
Uranium Resources, Inc.(a) (b)
|
23,149
|
|
38,443
|
USEC, Inc.(a)
|
14,205
|
|
13,321
|
Verso Paper Corp.(a)
|
15,186
|
|
30,512
|
Vista Gold Corp. (Canada)(a)
|
44,853
|
|
3,819
|
Xerium Technologies, Inc.(a)
|
37,693
|
|
979,106
|
|||
Communications - 8.3%
|
|||
5,046
|
AH Belo Corp., Class A
|
34,565
|
|
14,417
|
Alaska Communications Systems Group, Inc.(a)
|
23,644
|
|
2,279
|
Alliance Fiber Optic Products, Inc.
|
47,745
|
|
3,357
|
Alteva, Inc.
|
31,959
|
|
3,608
|
Autobytel, Inc.(a)
|
17,787
|
|
4,011
|
Aware, Inc.
|
21,860
|
|
929
|
BroadVision, Inc.(a) (b)
|
8,231
|
|
9,115
|
CalAmp Corp.(a)
|
120,044
|
|
4,813
|
Chyronhego Corp.(a)
|
6,497
|
|
9,289
|
Cinedigm Digital Cinema Corp., Class A(a)
|
14,305
|
|
5,112
|
Clearfield, Inc.(a)
|
43,145
|
|
3,293
|
ClearOne, Inc.(a)
|
30,954
|
|
1,844
|
Communications Systems, Inc.
|
18,753
|
|
4,431
|
Crexendo, Inc.
|
12,274
|
|
2,887
|
eGain Communications Corp.(a)
|
23,183
|
|
11,447
|
Emmis Communications Corp., Class A(a)
|
19,002
|
|
17,403
|
Entravision Communications Corp., Class A
|
80,576
|
|
1,746
|
ePlus, Inc.
|
86,829
|
|
8,447
|
FAB Universal Corp.(a) (b)
|
29,396
|
|
8,860
|
Fairpoint Communications, Inc.(a) (b)
|
75,310
|
|
10,400
|
FiberTower Corp.(a)
|
177
|
|
13,440
|
Gray Television, Inc.(a)
|
79,968
|
|
20,935
|
Harris Interactive, Inc.(a)
|
38,730
|
|
3,615
|
Hawaiian Telcom Holdco, Inc.(a)
|
93,159
|
|
5,415
|
HickoryTech Corp.
|
56,749
|
|
7,434
|
Hollywood Media Corp.(a)
|
10,631
|
|
4,655
|
ID Systems, Inc.(a)
|
23,787
|
|
2,440
|
Internet Patents Corp.(a)
|
8,638
|
|
5,850
|
Inuvo, Inc.(a)
|
5,791
|
|
24,075
|
Ipass, Inc.(a)
|
40,927
|
|
3,932
|
KVH Industries, Inc.(a)
|
51,863
|
|
2,167
|
Lantronix, Inc.(a)
|
3,662
|
|
22,710
|
Lee Enterprises, Inc.(a)
|
38,607
|
|
3,352
|
Lightpath Technologies, Inc., Class A(a)
|
4,223
|
|
10,122
|
Local Corp.(a) (b)
|
16,398
|
|
6,047
|
Media General, Inc., Class A(a)
|
49,888
|
|
12,940
|
MeetMe, Inc.(a) (b)
|
19,410
|
|
5,837
|
Meru Networks, Inc.(a)
|
23,932
|
|
5,164
|
Multiband Corp.(a)
|
16,576
|
|
5,692
|
NeoPhotonics Corp.(a)
|
36,600
|
|
4,397
|
Nexstar Broadcasting Group, Inc., Class A
|
123,116
|
|
11,615
|
Novatel Wireless, Inc.(a)
|
39,723
|
|
4,419
|
Numerex Corp., Class A(a)
|
48,609
|
|
6,941
|
Onstream Media Corp.(a)
|
2,602
|
|
4,219
|
Onvia, Inc.(a) (b)
|
19,407
|
|
4,219
|
Optical Cable Corp.
|
19,618
|
|
12,763
|
ORBCOMM, Inc.(a)
|
50,031
|
|
29,528
|
Parkervision, Inc.(a) (b)
|
128,742
|
|
6,274
|
PC-Tel, Inc.
|
45,988
|
|
3,580
|
Performance Technologies, Inc.(a)
|
4,618
|
|
2,910
|
Phazar Corp.(a)
|
3,376
|
|
67,297
|
Powerwave Technologies, Inc.(a)
|
808
|
|
7,004
|
Radio One, Inc., Class D(a)
|
16,319
|
|
1,806
|
Reis, Inc.(a)
|
33,573
|
|
4,924
|
Relm Wireless Corp.(a)
|
16,052
|
|
5,463
|
RF Industries Ltd.
|
36,930
|
|
3,069
|
RigNet, Inc.(a)
|
76,541
|
|
1,556
|
Saga Communications, Inc., Class A
|
71,654
|
|
4,461
|
Salem Communications Corp., Class A
|
33,279
|
|
2,800
|
Selectica, Inc.(a)
|
24,080
|
|
884
|
Shutterstock, Inc.(a)
|
41,849
|
|
4,305
|
Spanish Broadcasting System, Inc., Class A(a)
|
17,823
|
|
4,141
|
Spark Networks, Inc.(a)
|
33,791
|
|
17,503
|
support.com, Inc.(a)
|
83,664
|
|
27,206
|
Sycamore Networks, Inc.
|
11,563
|
|
1,929
|
Synacor, Inc.(a) (b)
|
7,272
|
|
5,988
|
Telular Corp.
|
75,089
|
|
2,020
|
Tessco Technologies, Inc.
|
46,177
|
|
13,601
|
TheStreet, Inc.(a)
|
26,930
|
|
2,101
|
TigerLogic Corp.(a)
|
3,950
|
|
21,789
|
Towerstream Corp.(a) (b)
|
55,998
|
|
1,463
|
Trulia, Inc.(a)
|
44,973
|
|
7,574
|
UniTek Global Services, Inc.(a)
|
14,391
|
|
7,510
|
US Auto Parts Network, Inc.(a)
|
9,312
|
|
20,534
|
Valuevision Media, Inc., Class A(a)
|
103,697
|
|
6,654
|
Vitacost.com, Inc.(a)
|
54,430
|
|
1,685
|
Voltari Corp.(a) (b)
|
7,330
|
|
17,372
|
Westell Technologies, Inc., Class A(a)
|
38,045
|
|
672
|
WPCS International, Inc.(a)
|
2,359
|
|
6,830
|
Zhone Technologies, Inc.(a)
|
6,010
|
|
26,552
|
Zix Corp.(a)
|
105,942
|
|
2,951,436
|
|||
Consumer, Cyclical - 11.0%
|
|||
19,363
|
American Apparel, Inc.(a)
|
37,758
|
|
821
|
Ark Restaurants Corp.
|
17,446
|
|
2,747
|
Bassett Furniture Industries, Inc.
|
37,799
|
|
8,031
|
Beazer Homes USA, Inc.(a) (b)
|
166,242
|
|
9,153
|
Black Diamond, Inc.(a)
|
82,102
|
|
17,860
|
BlueLinx Holdings, Inc.(a)
|
43,936
|
|
6,659
|
Bon-Ton Stores, Inc.
|
141,770
|
|
2,974
|
Books-A-Million, Inc.(a)
|
8,952
|
|
5,858
|
Build-A-Bear Workshop, Inc.(a)
|
38,194
|
|
2,767
|
Cache, Inc.(a)
|
11,649
|
|
6,977
|
Carmike Cinemas, Inc.(a)
|
123,633
|
|
4,637
|
Carrols Restaurant Group, Inc.(a)
|
26,431
|
|
6,447
|
Century Casinos, Inc.(a)
|
21,920
|
|
2,927
|
Cherokee, Inc.
|
39,573
|
|
1,667
|
Chuy's Holdings, Inc.(a)
|
58,095
|
|
4,224
|
Cobra Electronics Corp.(a)
|
12,925
|
|
8,184
|
Coldwater Creek, Inc.(a) (b)
|
30,199
|
|
1,864
|
Comstock Holding Companies, Inc.(a) (b)
|
4,940
|
|
7,604
|
Cosi, Inc.(a)
|
15,512
|
|
3,613
|
Crown Crafts, Inc.
|
21,497
|
|
3,085
|
Culp, Inc.
|
53,216
|
|
1,699
|
Del Frisco's Restaurant Group, Inc.(a)
|
31,584
|
|
10,689
|
dELiA*s, Inc.(a)
|
10,155
|
|
2,084
|
Delta Apparel, Inc.(a)
|
30,593
|
|
15,624
|
Destination XL Group, Inc.(a)
|
77,495
|
|
2,248
|
Dixie Group, Inc.(a)
|
16,680
|
|
6,212
|
Douglas Dynamics, Inc.
|
86,844
|
|
5,277
|
Dover Downs Gaming & Entertainment, Inc.
|
9,024
|
|
4,463
|
Dover Motorsports, Inc.
|
9,417
|
|
3,198
|
Educational Development Corp.
|
11,257
|
|
2,471
|
Empire Resorts, Inc.(a) (b)
|
6,598
|
|
852
|
Escalade, Inc.
|
5,248
|
|
3,322
|
Famous Dave's of America, Inc.(a)
|
39,897
|
|
1,762
|
Flexsteel Industries, Inc.
|
40,050
|
|
6,335
|
Forward Industries, Inc.(a)
|
12,100
|
|
1,192
|
Frisch's Restaurants, Inc.
|
19,942
|
|
8,329
|
Full House Resorts, Inc.(a)
|
24,904
|
|
3,580
|
Furniture Brands International, Inc.(a)
|
23,413
|
|
2,763
|
Gaiam, Inc., Class A(a)
|
11,190
|
|
1,281
|
Gaming Partners International Corp.
|
10,376
|
|
369
|
Gentherm, Inc.(a)
|
6,797
|
|
2,828
|
Gordmans Stores, Inc.(a)
|
36,227
|
|
4,556
|
Granite City Food & Brewery Ltd.(a)
|
10,251
|
|
3,357
|
Hooker Furniture Corp.
|
58,748
|
|
1,570
|
Ignite Restaurant Group, Inc.(a)
|
28,731
|
|
28,572
|
Jamba, Inc.(a)
|
85,430
|
|
27,861
|
Joe's Jeans, Inc.(a)
|
47,921
|
|
2,531
|
Johnson Outdoors, Inc., Class A(a)
|
62,642
|
|
2,645
|
Kona Grill, Inc.(a)
|
27,111
|
|
3,085
|
Lakeland Industries, Inc.(a)
|
12,278
|
|
6,509
|
Lakes Entertainment, Inc.(a)
|
23,758
|
|
7,590
|
Libbey, Inc.(a)
|
160,604
|
|
3,434
|
Lifetime Brands, Inc.
|
46,222
|
|
7,205
|
Luby's, Inc.(a)
|
61,098
|
|
6,643
|
MarineMax, Inc.(a)
|
76,328
|
|
2,838
|
Miller Industries, Inc.
|
46,458
|
|
2,737
|
Monarch Casino & Resort, Inc.(a)
|
42,177
|
|
9,698
|
Motorcar Parts of America, Inc.(a) (b)
|
60,225
|
|
7,031
|
MTR Gaming Group, Inc.(a)
|
26,648
|
|
1,011
|
Nathan's Famous, Inc.(a)
|
51,692
|
|
10,890
|
Nautilus, Inc.(a)
|
87,011
|
|
9,349
|
Navarre Corp.(a)
|
22,064
|
|
1,956
|
Orchard Supply Hardware Stores Corp., Class A(a) (b)
|
4,636
|
|
7,426
|
PC Connection, Inc.
|
124,683
|
|
4,305
|
PCM, Inc.(a)
|
32,976
|
|
5,040
|
Pizza Inn Holdings, Inc.(a)
|
24,242
|
|
5,038
|
Reading International, Inc., Class A(a)
|
30,631
|
|
4,677
|
Red Lion Hotels Corp.(a)
|
29,091
|
|
3,920
|
Rentrak Corp.(a)
|
90,709
|
|
4,177
|
RG Barry Corp.
|
59,856
|
|
3,531
|
Rick's Cabaret International, Inc.(a)
|
29,272
|
|
2,507
|
Rocky Brands, Inc.
|
36,652
|
|
10,337
|
Ruth's Hospitality Group, Inc.
|
115,774
|
|
2,228
|
Skyline Corp.(a)
|
9,068
|
|
6,222
|
SMF Energy Corp.(a)
|
790
|
|
10,609
|
Spartan Motors, Inc.
|
64,185
|
|
5,486
|
Stanley Furniture Co., Inc.(a)
|
22,438
|
|
3,161
|
Steinway Musical Instruments, Inc.(a)
|
88,160
|
|
580
|
Strattec Security Corp.
|
22,069
|
|
5,841
|
Supreme Industries, Inc., Class A(a)
|
29,731
|
|
1,926
|
Tandy Leather Factory, Inc.(a) (b)
|
15,138
|
|
7,911
|
Town Sports International Holdings, Inc.
|
87,179
|
|
11,799
|
Tuesday Morning Corp.(a)
|
105,129
|
|
6,725
|
Unifi, Inc.(a)
|
126,296
|
|
4,926
|
Virco Manufacturing Corp.(a)
|
10,394
|
|
5,064
|
West Marine, Inc.(a)
|
58,641
|
|
721
|
Winmark Corp.
|
43,094
|
|
12,662
|
Zale Corp.(a)
|
97,751
|
|
3,909,562
|
|||
Consumer, Non-cyclical - 23.1%
|
|||
17,560
|
Aastrom Biosciences, Inc.(a)
|
10,041
|
|
16,872
|
ACADIA Pharmaceuticals, Inc.(a) (b)
|
237,389
|
|
2,000
|
Accelerate Diagnostics, Inc.(a) (b)
|
17,580
|
|
5,040
|
AcelRx Pharmaceuticals, Inc.(a) (b)
|
44,906
|
|
1,288
|
Acme United Corp.
|
16,480
|
|
5,192
|
Acura Pharmaceuticals, Inc.(a) (b)
|
11,734
|
|
4,065
|
Adcare Health Systems, Inc.(a)
|
18,618
|
|
8,056
|
Addus HomeCare Corp.(a)
|
144,927
|
|
9,169
|
Agenus, Inc.(a)
|
36,951
|
|
5,765
|
Alexza Pharmaceuticals, Inc.(a) (b)
|
26,000
|
|
3,613
|
Alimera Sciences, Inc.(a)
|
15,680
|
|
2,619
|
Alliance HealthCare Services, Inc.(a)
|
42,454
|
|
596
|
Altair Nanotechnologies, Inc.(a)
|
1,478
|
|
274
|
Amcon Distributing Co.
|
20,173
|
|
2,400
|
American Caresource Holdings, Inc.(a)
|
4,728
|
|
2,721
|
American Shared Hospital Services(a)
|
5,524
|
|
9,497
|
Amicus Therapeutics, Inc.(a) (b)
|
31,625
|
|
13,466
|
Ampio Pharmaceuticals, Inc.(a) (b)
|
76,487
|
|
8,983
|
Anacor Pharmaceuticals, Inc.(a) (b)
|
49,137
|
|
4,322
|
Anika Therapeutics, Inc.(a)
|
63,793
|
|
45,544
|
Anthera Pharmaceuticals, Inc.(a)
|
26,643
|
|
12,422
|
Apricus Biosciences, Inc.(a) (b)
|
34,161
|
|
4,693
|
Arca Biopharma, Inc.(a) (b)
|
7,603
|
|
8,306
|
Arrowhead Research Corp.(a) (b)
|
18,273
|
|
38,142
|
Astex Pharmaceuticals(a)
|
184,989
|
|
3,117
|
AT Cross Co., Class A(a)
|
43,638
|
|
6,048
|
AtriCure, Inc.(a)
|
54,734
|
|
3,946
|
Avalon Holdings Corp., Class A(a)
|
14,442
|
|
1,942
|
Barrett Business Services, Inc.
|
113,277
|
|
7,599
|
Baxano Surgical, Inc.(a)
|
15,654
|
|
5,192
|
BG Medicine, Inc.(a) (b)
|
9,346
|
|
15,030
|
BioCryst Pharmaceuticals, Inc.(a) (b)
|
25,701
|
|
1,199
|
Biodel, Inc.(a)
|
5,599
|
|
10,498
|
BioDelivery Sciences International, Inc.(a) (b)
|
46,191
|
|
12,663
|
Biolase, Inc.(a)
|
60,023
|
|
22,564
|
Biosante Pharmaceuticals, Inc.(a) (b)
|
27,528
|
|
1,968
|
Biospecifics Technologies Corp.(a)
|
31,272
|
|
6,941
|
Biota Pharmaceuticals, Inc.
|
25,126
|
|
14,835
|
Biotime, Inc.(a) (b)
|
70,466
|
|
534
|
Blackstone Mortgage Trust, Inc., REIT(b)
|
14,082
|
|
37,609
|
Bovie Medical Corp.(a)
|
124,486
|
|
742
|
Bridgford Foods Corp.
|
5,788
|
|
5,751
|
BSD Medical Corp.(a) (b)
|
7,246
|
|
5,794
|
Cadiz, Inc.(a) (b)
|
34,069
|
|
13,510
|
Cardica, Inc.(a)
|
17,428
|
|
7,582
|
CardioNet, Inc.(a)
|
21,154
|
|
7,846
|
Cardiovascular Systems, Inc.(a)
|
161,235
|
|
59,045
|
Cardium Therapeutics, Inc.(a)
|
5,196
|
|
5,565
|
Carriage Services, Inc.
|
105,345
|
|
12,304
|
Catalyst Pharmaceutical Partners, Inc.(a)
|
10,842
|
|
2,068
|
CCA Industries, Inc.
|
7,093
|
|
45,736
|
Cell Therapeutics, Inc.(a) (b)
|
56,255
|
|
92,503
|
Cel-Sci Corp.(a)
|
22,710
|
|
13,030
|
Celsion Corp.(a) (b)
|
22,021
|
|
225
|
Ceres, Inc.(a)
|
486
|
|
17,768
|
Cerus Corp.(a) (b)
|
91,328
|
|
13,273
|
Chelsea Therapeutics International Ltd.(a)
|
25,617
|
|
5,361
|
Chindex International, Inc.(a)
|
86,848
|
|
18,836
|
Cleveland Biolabs, Inc.(a) (b)
|
29,478
|
|
1,489
|
Coffee Holding Co., Inc.(b)
|
10,423
|
|
2,662
|
Collectors Universe
|
34,713
|
|
23,380
|
Columbia Laboratories, Inc.(a)
|
14,755
|
|
2,371
|
CombiMatrix Corp.(a) (b)
|
7,374
|
|
4,011
|
Command Security Corp.(a)
|
6,498
|
|
8,540
|
Coronado Biosciences, Inc.(a)
|
84,375
|
|
2,944
|
Craft Brew Alliance, Inc.(a)
|
22,316
|
|
5,628
|
Crimson Wine Group Ltd.(a) (b)
|
49,358
|
|
7,823
|
Cryo-Cell International, Inc.(a)
|
16,819
|
|
5,144
|
Cumberland Pharmaceuticals, Inc.(a) (b)
|
24,948
|
|
4,525
|
Cutera, Inc.(a)
|
42,580
|
|
1,409
|
Cyanotech Corp.(a) (b)
|
8,074
|
|
4,893
|
Cyclacel Pharmaceuticals, Inc.(a) (b)
|
16,538
|
|
5,064
|
Cynosure, Inc., Class A(a)
|
126,144
|
|
49,552
|
Cytokinetics, Inc.(a)
|
59,462
|
|
15,926
|
Cytomedix, Inc.(a)
|
8,202
|
|
21,320
|
Cytori Therapeutics, Inc.(a)
|
52,447
|
|
11,703
|
CytRx Corp.(a) (b)
|
28,087
|
|
14,450
|
DARA Biosciences, Inc.(a) (b)
|
9,898
|
|
996
|
Daxor Corp.
|
7,430
|
|
27,330
|
Delcath Systems, Inc.(a) (b)
|
11,725
|
|
3,483
|
Derma Sciences, Inc.(a) (b)
|
46,463
|
|
12,710
|
Digirad Corp.(a)
|
29,487
|
|
12,293
|
Discovery Laboratories, Inc.(a)
|
22,004
|
|
1,489
|
Diversicare Healthcare Services, Inc.
|
6,849
|
|
5,840
|
Document Security Systems, Inc.(a) (b)
|
17,170
|
|
2,547
|
Durata Therapeutics, Inc.(a)
|
18,720
|
|
31,560
|
Durect Corp.(a)
|
26,504
|
|
4,399
|
Edgewater Technology, Inc.(a)
|
17,200
|
|
13,026
|
EnteroMedics, Inc.(a)
|
17,194
|
|
9,418
|
Entremed, Inc.(a)
|
16,952
|
|
12,176
|
Enzo Biochem, Inc.(a)
|
28,492
|
|
3,534
|
Exactech, Inc.(a)
|
64,319
|
|
5,409
|
Feihe International, Inc.(a)
|
39,756
|
|
9,602
|
Female Health Co.
|
89,395
|
|
17,560
|
Five Star Quality Care, Inc.(a)
|
90,083
|
|
1,629
|
Fonar Corp.(a)
|
10,751
|
|
4,988
|
Franklin Covey Co.(a)
|
68,785
|
|
2,908
|
Furiex Pharmaceuticals, Inc.(a)
|
107,509
|
|
3,908
|
G Willi-Food International Ltd. (Israel)(a)
|
26,692
|
|
7,650
|
Galectin Therapeutics, Inc.(a) (b)
|
32,742
|
|
28,690
|
Galena Biopharma, Inc.(a) (b)
|
67,422
|
|
7,914
|
GenMark Diagnostics, Inc.(a)
|
117,919
|
|
2,814
|
GenVec, Inc.(a)
|
1,168
|
|
1,779
|
Golden Enterprises, Inc.
|
6,315
|
|
1,732
|
Graymark Healthcare, Inc.(a)
|
537
|
|
1,303
|
Griffin Land & Nurseries, Inc.
|
38,803
|
|
8,681
|
Hackett Group, Inc.
|
43,752
|
|
20,404
|
Hansen Medical, Inc.(a) (b)
|
34,891
|
|
9,955
|
Harvard Bioscience, Inc.(a)
|
50,571
|
|
44,395
|
Hemispherx Biopharma, Inc.(a)
|
9,767
|
|
1,473
|
Heska Corp.
|
11,048
|
|
10,211
|
Hudson Global, Inc.(a)
|
23,587
|
|
2,564
|
Hyperion Therapeutics, Inc.(a)
|
51,460
|
|
8,448
|
Idera Pharmaceuticals, Inc.(a)
|
6,167
|
|
6,222
|
IGI Laboratories, Inc.(a)
|
9,209
|
|
18,208
|
ImmunoCellular Therapeutics Ltd.(a)
|
44,428
|
|
7,047
|
Information Services Group, Inc.(a)
|
13,812
|
|
9,604
|
Innovaro, Inc.(a)
|
480
|
|
61,911
|
Inovio Pharmaceuticals, Inc.(a)
|
42,223
|
|
8,591
|
Insmed, Inc.(a)
|
115,291
|
|
1,720
|
Intercept Pharmaceuticals, Inc.(a)
|
57,517
|
|
6,579
|
Intersections, Inc.
|
60,724
|
|
3,962
|
Inventure Foods, Inc.(a)
|
29,794
|
|
26,875
|
IsoRay, Inc.(a)
|
19,081
|
|
1,623
|
John B Sanfilippo & Son, Inc.
|
31,438
|
|
6,113
|
Jones Soda Co.(a)
|
3,546
|
|
1,839
|
Kalobios Pharmaceuticals, Inc.(a)
|
10,409
|
|
7,638
|
Kid Brands, Inc.(a)
|
12,221
|
|
8,951
|
LCA-Vision, Inc.(a)
|
28,912
|
|
694
|
Learning Tree International, Inc.(a)
|
2,089
|
|
3,794
|
LifeLock, Inc.(a)
|
39,154
|
|
3,547
|
Limoneira Co.
|
68,918
|
|
1,715
|
Mac-Gray Corp.
|
24,096
|
|
3,644
|
Management Network Group, Inc.(a)
|
10,604
|
|
35,639
|
Mast Therapeutics, Inc.(a)
|
25,304
|
|
5,322
|
Maxygen, Inc.
|
12,613
|
|
4,725
|
Medical Action Industries, Inc.(a)
|
39,690
|
|
5,386
|
MediciNova, Inc.(a) (b)
|
16,158
|
|
21,110
|
MELA Sciences, Inc.(a)
|
23,221
|
|
2,633
|
MGC Diagnostics Corp.(b)
|
20,063
|
|
3,506
|
MGP Ingredients, Inc.
|
18,757
|
|
4,123
|
Misonix, Inc.(a)
|
22,264
|
|
7,390
|
Myrexis, Inc.
|
588
|
|
13,974
|
Nanosphere, Inc.(a)
|
58,551
|
|
3,075
|
National Research Corp., Class A(a)
|
50,276
|
|
512
|
National Research Corp., Class B
|
17,469
|
|
3,405
|
Natural Alternatives International, Inc.(a)
|
15,867
|
|
4,513
|
Nature's Sunshine Products, Inc.
|
69,410
|
|
51,719
|
Neostem, Inc.(a) (b)
|
28,963
|
|
22,566
|
Neuralstem, Inc.(a) (b)
|
34,300
|
|
4,091
|
NeurogesX, Inc.(a)
|
55
|
|
2,801
|
NewLink Genetics Corp.(a) (b)
|
45,684
|
|
6,661
|
Northwest Biotherapeutics, Inc.(a) (b)
|
23,980
|
|
14,192
|
Novabay Pharmaceuticals, Inc.(a) (b)
|
18,733
|
|
3,746
|
NuPathe, Inc.(a) (b)
|
12,025
|
|
2,536
|
Nutraceutical International Corp.
|
50,111
|
|
767
|
Oculus Innovative Sciences, Inc.(a)
|
2,823
|
|
27,899
|
Odyssey Marine Exploration, Inc.(a) (b)
|
91,509
|
|
5,821
|
Omega Protein Corp.(a)
|
63,565
|
|
2,756
|
Omeros Corp.(a) (b)
|
14,607
|
|
4,894
|
OncoGenex Pharmaceutical, Inc.(a)
|
50,408
|
|
5,209
|
Opexa Therapeutics, Inc.(a) (b)
|
9,168
|
|
2,893
|
Overhill Farms, Inc.(a)
|
14,320
|
|
4,938
|
Palatin Technologies, Inc.(a)
|
3,057
|
|
3,934
|
PDI, Inc.(a)
|
17,113
|
|
2,467
|
Perceptron, Inc.
|
17,442
|
|
45,304
|
Peregrine Pharmaceuticals, Inc.(a) (b)
|
74,752
|
|
5,483
|
Pernix Therapeutics Holdings(a) (b)
|
19,794
|
|
6,191
|
Pfsweb, Inc.(a)
|
26,559
|
|
21,991
|
PharmAthene, Inc.(a)
|
39,144
|
|
6,980
|
Photomedex, Inc.(a) (b)
|
113,844
|
|
19,123
|
Premier Exhibitions, Inc.(a)
|
38,246
|
|
10,643
|
PRGX Global, Inc.(a)
|
58,324
|
|
8,655
|
Primo Water Corp.(a)
|
14,454
|
|
5,595
|
ProPhase Labs, Inc.(a)
|
8,896
|
|
10,900
|
Prospect Global Resources, Inc.(a)
|
2,425
|
|
3,823
|
Providence Service Corp.(a)
|
100,774
|
|
2,629
|
Psychemedics Corp.
|
29,340
|
|
18,423
|
PURE Bioscience, Inc.(a)
|
8,290
|
|
1,876
|
QC Holdings, Inc.
|
5,647
|
|
11,259
|
RadNet, Inc.(a)
|
29,273
|
|
3,434
|
RCM Technologies, Inc.
|
19,127
|
|
4,059
|
Reed's, Inc.(a) (b)
|
19,686
|
|
4,542
|
Regulus Therapeutics, Inc.(a)
|
40,696
|
|
6,399
|
Reliv International, Inc.
|
8,511
|
|
11,227
|
Repligen Corp.(a)
|
92,960
|
|
6,846
|
Repros Therapeutics, Inc.(a) (b)
|
118,573
|
|
3,262
|
Response Genetics, Inc.(a)
|
4,926
|
|
39,286
|
Rexahn Pharmaceuticals, Inc.(a)
|
13,239
|
|
3,419
|
Rochester Medical Corp.(a)
|
48,652
|
|
7,734
|
Rockwell Medical Technologies, Inc.(a) (b)
|
31,941
|
|
2,467
|
Rocky Mountain Chocolate Factory, Inc.
|
32,219
|
|
20,643
|
Savient Pharmaceuticals, Inc.(a)
|
11,354
|
|
12,949
|
Senomyx, Inc.(a)
|
26,804
|
|
21,997
|
Solta Medical, Inc.(a)
|
47,294
|
|
423
|
Standard Register Co.(a)
|
1,294
|
|
3,085
|
StarTek, Inc.(a)
|
14,870
|
|
16,648
|
StemCells, Inc.(a) (b)
|
29,300
|
|
903
|
Stemline Therapeutics, Inc.(a)
|
15,378
|
|
2,429
|
Stereotaxis, Inc.(a) (b)
|
4,251
|
|
10,475
|
Strategic Diagnostics, Inc.(a)
|
10,894
|
|
11,868
|
Sunesis Pharmaceuticals, Inc.(a)
|
63,969
|
|
4,155
|
SunLink Health Systems, Inc.(a)
|
3,033
|
|
3,903
|
Supernus Pharmaceuticals, Inc.(a) (b)
|
26,970
|
|
9,449
|
Synergetics USA, Inc.(a)
|
30,709
|
|
8,844
|
Synergy Pharmaceuticals, Inc.(a) (b)
|
45,104
|
|
6,367
|
Synthetic Biologics, Inc.(a)
|
9,105
|
|
2,587
|
Synutra International, Inc.(a)
|
12,159
|
|
18,377
|
Talon Therapeutics, Inc.(a)
|
7,443
|
|
6,548
|
Telik, Inc.(a)
|
9,167
|
|
2,988
|
TESARO, Inc.(a)
|
102,219
|
|
2,233
|
Theragenics Corp.(a)
|
4,533
|
|
5,483
|
Transcept Pharmaceuticals, Inc.(a)
|
16,230
|
|
19,465
|
Tranzyme, Inc.(a)
|
11,290
|
|
1,894
|
Tree.com, Inc.
|
37,331
|
|
11,370
|
Trius Therapeutics, Inc.(a)
|
87,208
|
|
821
|
United-Guardian, Inc.
|
21,309
|
|
1,473
|
Universal Security Instruments, Inc.(a) (b)
|
7,645
|
|
10,051
|
Uroplasty, Inc.(a)
|
26,635
|
|
4,240
|
US Physical Therapy, Inc.
|
119,144
|
|
693
|
Utah Medical Products, Inc.
|
32,065
|
|
5,613
|
Vascular Solutions, Inc.(a)
|
85,149
|
|
9,199
|
Venaxis, Inc.(a)
|
12,235
|
|
7,684
|
Ventrus Biosciences, Inc.(a)
|
19,825
|
|
1,746
|
Verastem, Inc.(a) (b)
|
16,692
|
|
8,030
|
Vermillion, Inc.(a) (b)
|
32,441
|
|
4,910
|
Versar, Inc.(a)
|
20,671
|
|
6,321
|
Vision-Sciences, Inc.(a)
|
6,763
|
|
4,829
|
Willamette Valley Vineyards, Inc.(a)
|
21,006
|
|
2,041
|
Wright Medical Group, Inc.(a)
|
51,086
|
|
24,383
|
XOMA Corp.(a)
|
102,409
|
|
42,593
|
Zalicus, Inc.(a)
|
26,727
|
|
28,814
|
Zogenix, Inc.(a)
|
42,933
|
|
8,206,694
|
|||
Diversified - 0.3%
|
|||
16,627
|
Horizon Pharma, Inc.(a) (b)
|
39,406
|
|
710
|
OBA Financial Services, Inc.(a) (b)
|
13,000
|
|
6,417
|
Resource America, Inc., Class A
|
61,667
|
|
114,073
|
|||
Energy - 3.7%
|
|||
658
|
Adams Resources & Energy, Inc.
|
41,217
|
|
6,348
|
Arabian American Development Co.(a)
|
46,975
|
|
6,126
|
Ascent Solar Technologies, Inc.(a)
|
4,766
|
|
3,435
|
Barnwell Industries, Inc.(a)
|
12,984
|
|
1,619
|
BioFuel Energy Corp.(a) (b)
|
6,638
|
|
3,499
|
Bolt Technology Corp.
|
57,034
|
|
14,626
|
Callon Petroleum Co.(a)
|
54,409
|
|
12,949
|
Crimson Exploration, Inc.(a)
|
37,293
|
|
5,345
|
Double Eagle Petroleum Co.(a)
|
22,021
|
|
5,023
|
Edgen Group, Inc.(a)
|
33,102
|
|
8,564
|
Emerald Oil, Inc.(a)
|
52,326
|
|
7,757
|
Enphase Energy, Inc.(a) (b)
|
59,884
|
|
7,477
|
Evolution Petroleum Corp.(a)
|
79,331
|
|
3,290
|
FieldPoint Petroleum Corp.(a)
|
13,357
|
|
81,992
|
Gasco Energy, Inc.(a)
|
2,050
|
|
13,241
|
Gastar Exploration Ltd. (Canada)(a)
|
32,838
|
|
5,531
|
Gevo, Inc.(a)
|
9,901
|
|
2,310
|
GMX Resources, Inc.(a) (b)
|
487
|
|
6,447
|
GreenHunter Energy, Inc.(a)
|
7,285
|
|
67
|
HKN, Inc.(a) (b)
|
5,494
|
|
20,091
|
Houston American Energy Corp.(a)
|
8,036
|
|
290
|
Isramco, Inc.(a) (b)
|
28,348
|
|
10,365
|
Lucas Energy, Inc.(a)
|
13,889
|
|
19,520
|
Magellan Petroleum Corp.(a)
|
19,715
|
|
11,183
|
Miller Energy Resources, Inc.(a) (b)
|
45,068
|
|
3,932
|
Mitcham Industries, Inc.(a)
|
61,379
|
|
3,313
|
Natural Gas Services Group, Inc.(a)
|
74,476
|
|
7,381
|
Ocean Power Technologies, Inc.(a) (b)
|
11,514
|
|
2,460
|
Pacific Ethanol, Inc.(a) (b)
|
10,799
|
|
3,053
|
Panhandle Oil and Gas, Inc., Class A
|
89,148
|
|
72,910
|
Plug Power, Inc.(a)
|
27,720
|
|
2,311
|
PostRock Energy Corp.(a)
|
3,143
|
|
435
|
PrimeEnergy Corp.(a)
|
16,060
|
|
2,873
|
Pyramid Oil Co.(a)
|
11,636
|
|
25,557
|
Quantum Fuel Systems Technologies Worldwide, Inc.(a)
|
15,171
|
|
2,595
|
Renewable Energy Group, Inc.(a)
|
35,110
|
|
1,795
|
REX American Resources Corp.(a)
|
50,116
|
|
3,759
|
Royale Energy, Inc.(a) (b)
|
10,300
|
|
7,709
|
Saratoga Resources, Inc.(a)
|
17,499
|
|
3,829
|
Syntroleum Corp.(a)
|
26,114
|
|
19,952
|
Tengasco, Inc.(a)
|
11,373
|
|
7,128
|
TGC Industries, Inc.
|
60,089
|
|
9,559
|
US Energy Corp.(a)
|
17,302
|
|
4,413
|
Verenium Corp.(a)
|
9,885
|
|
4,677
|
Westmoreland Coal Co.(a)
|
56,124
|
|
12,308
|
Zion Oil & Gas, Inc.(a) (b)
|
21,047
|
|
1,330,453
|
|||
Financial - 30.1%
|
|||
1,908
|
Access National Corp.
|
24,670
|
|
3,872
|
Agree Realty Corp., REIT
|
129,054
|
|
3,373
|
American National Bankshares, Inc.
|
73,160
|
|
38,117
|
American Realty Capital Properties, Inc., REIT
|
580,141
|
|
3,262
|
American River Bankshares(a)
|
27,107
|
|
3,483
|
American Safety Insurance Holdings Ltd. (Bermuda)(a)
|
83,453
|
|
2,185
|
American Spectrum Realty, Inc.(a)
|
6,446
|
|
8,399
|
Ameris Bancorp(a)
|
138,751
|
|
6,110
|
AmeriServ Financial, Inc.
|
18,574
|
|
7,583
|
Arbor Realty Trust, Inc., REIT
|
51,413
|
|
3,758
|
Ares Commercial Real Estate Corp., REIT
|
60,917
|
|
3,837
|
Arlington Asset Investment Corp., Class A
|
104,597
|
|
3,393
|
Asta Funding, Inc.
|
31,182
|
|
4,445
|
Atlanticus Holdings Corp.(a)
|
17,380
|
|
12,710
|
Bancorp, Inc.(a)
|
182,643
|
|
2,597
|
Bank of Kentucky Financial Corp.
|
67,392
|
|
2,036
|
Bank of Marin Bancorp
|
79,323
|
|
1,011
|
Bar Harbor Bankshares
|
36,335
|
|
6,116
|
BBX Capital Corp., Class A(a) (b)
|
75,533
|
|
3,644
|
Bofi Holding, Inc.(a)
|
170,612
|
|
3,130
|
Bridge Bancorp, Inc.
|
67,013
|
|
4,289
|
Bridge Capital Holdings(a)
|
65,150
|
|
4,224
|
Bryn Mawr Bank Corp.
|
95,800
|
|
4,224
|
BSB Bancorp, Inc.(a)
|
57,615
|
|
435
|
C&F Financial Corp.
|
20,880
|
|
3,759
|
Camco Financial Corp.(a)
|
12,705
|
|
2,627
|
Cape Bancorp, Inc.
|
24,615
|
|
6,228
|
Center Bancorp, Inc.
|
80,839
|
|
11,606
|
Centerstate Banks, Inc.
|
99,579
|
|
2,052
|
Central Valley Community Bancorp
|
19,330
|
|
1,185
|
Century Bancorp, Inc., Class A
|
42,056
|
|
2,117
|
CFS Bancorp, Inc.
|
22,123
|
|
5,338
|
Chatham Lodging Trust, REIT
|
99,020
|
|
2,006
|
Chicopee Bancorp, Inc.
|
34,864
|
|
1,942
|
CIFC Corp.(a)
|
14,934
|
|
4,545
|
Citizens & Northern Corp.
|
88,627
|
|
1,521
|
Citizens Holding Co.
|
29,370
|
|
5,137
|
CNB Financial Corp.
|
85,069
|
|
1,666
|
Codorus Valley Bancorp, Inc.
|
28,489
|
|
2,248
|
Colony Bankcorp, Inc.(a)
|
16,051
|
|
2,357
|
Consolidated-Tomoka Land Co.
|
86,030
|
|
3,565
|
Consumer Portfolio Services, Inc.(a)
|
27,700
|
|
8,464
|
Crescent Financial Bancshares, Inc.(a) (b)
|
35,379
|
|
1,025
|
Diamond Hill Investment Group, Inc.
|
83,835
|
|
22,530
|
Doral Financial Corp. (Puerto Rico)(a)
|
22,755
|
|
7,466
|
Eagle Bancorp, Inc.(a)
|
168,060
|
|
2,763
|
Eastern Insurance Holdings, Inc.
|
50,922
|
|
17,420
|
Eastern Virginia Bankshares, Inc.(a)
|
92,326
|
|
2,275
|
Enterprise Bancorp, Inc.
|
37,651
|
|
5,549
|
Enterprise Financial Services Corp.
|
84,733
|
|
5,990
|
ESB Financial Corp.
|
75,174
|
|
1,537
|
Evans Bancorp, Inc.
|
27,128
|
|
5,070
|
Farmers Capital Bank Corp.(a)
|
108,701
|
|
2,847
|
Federal Agricultural Mortgage Corp., Class C
|
85,609
|
|
4,958
|
Federated National Holding Co.
|
44,622
|
|
2,678
|
Fidus Investment Corp.
|
50,936
|
|
4,892
|
Financial Institutions, Inc.
|
95,443
|
|
6,523
|
First Acceptance Corp.(a)
|
8,610
|
|
3,888
|
First Bancorp, Inc.
|
61,975
|
|
9,000
|
First California Financial Group, Inc.(a)
|
76,500
|
|
2,280
|
First Citizens Banc Corp.
|
16,849
|
|
6,718
|
First Connecticut Bancorp
|
95,664
|
|
3,008
|
First Defiance Financial Corp.
|
66,056
|
|
6,443
|
First Federal Bancshares of Arkansas, Inc.(a)
|
62,819
|
|
13,021
|
First Financial Northwest, Inc.
|
129,429
|
|
3,726
|
First M&F Corp.
|
56,859
|
|
1,524
|
First Pactrust Bancorp, Inc.
|
20,071
|
|
807
|
First Security Group, Inc.(a)
|
3,430
|
|
3,851
|
First South Bancorp, Inc.(a)
|
25,340
|
|
3,355
|
First United Corp.(a)
|
24,961
|
|
4,862
|
Firstbank Corp.
|
65,880
|
|
1,570
|
FNB Corp.
|
18,055
|
|
7,890
|
FNB United Corp.(a) (b)
|
67,223
|
|
2,795
|
Fortegra Financial Corp.(a)
|
20,431
|
|
1,926
|
Fox Chase Bancorp, Inc.
|
31,914
|
|
6,341
|
Franklin Financial Corp.
|
115,026
|
|
4,912
|
German American Bancorp, Inc.
|
107,376
|
|
4,305
|
Gladstone Commercial Corp., REIT
|
84,120
|
|
1,258
|
Gladstone Land Corp., REIT
|
19,235
|
|
1,310
|
Gleacher & Co., Inc.(a)
|
18,003
|
|
15,352
|
Gramercy Property Trust, Inc., REIT(a)
|
69,391
|
|
7,982
|
GSV Capital Corp.(a)
|
64,973
|
|
5,711
|
Guaranty Bancorp
|
61,679
|
|
484
|
Gyrodyne Co. of America, Inc., REIT
|
35,405
|
|
6,004
|
Hallmark Financial Services, Inc.(a)
|
54,576
|
|
2,167
|
Hampden Bancorp, Inc.
|
32,570
|
|
758
|
Harleysville Savings Financial Corp.
|
15,160
|
|
13,014
|
Harris & Harris Group, Inc.(a)
|
45,549
|
|
850
|
Hawthorn Bancshares, Inc.
|
10,115
|
|
1,436
|
Health Insurance Innovations, Inc.(a)
|
14,417
|
|
10,361
|
Heritage Commerce Corp.(a)
|
69,937
|
|
6,244
|
Heritage Financial Corp.
|
86,230
|
|
1,092
|
Heritage Financial Group, Inc.
|
15,605
|
|
10,337
|
Heritage Oaks Bancorp(a)
|
61,195
|
|
8,030
|
HF Financial Corp.
|
104,631
|
|
1,974
|
HMN Financial, Inc.(a)
|
14,509
|
|
902
|
Home Bancorp, Inc.(a)
|
15,803
|
|
4,577
|
Home Federal Bancorp, Inc.
|
55,794
|
|
2,876
|
Homeowners Choice, Inc.
|
99,970
|
|
2,891
|
HomeStreet, Inc.
|
66,088
|
|
9,023
|
HopFed Bancorp, Inc.
|
97,539
|
|
1,250
|
Horizon Bancorp
|
24,475
|
|
2,972
|
IMPAC Mortgage Holdings, Inc., REIT(a) (b)
|
35,070
|
|
6,611
|
Imperial Holdings, Inc.(a)
|
45,418
|
|
5,677
|
Intervest Bancshares Corp., Class A(a)
|
36,900
|
|
449
|
Investors Title Co.
|
32,166
|
|
2,612
|
JAVELIN Mortgage Investment Corp., REIT
|
40,199
|
|
4,240
|
Life Partners Holdings, Inc.
|
15,434
|
|
4,268
|
LNB Bancorp, Inc.
|
40,418
|
|
4,792
|
Macatawa Bank Corp.(a)
|
26,356
|
|
7,285
|
MainSource Financial Group, Inc.
|
101,261
|
|
3,036
|
Manning & Napier, Inc.
|
60,386
|
|
2,612
|
Marlin Business Services Corp.
|
61,069
|
|
4,795
|
MBT Financial Corp.(a)
|
18,413
|
|
4,935
|
Medallion Financial Corp.
|
73,334
|
|
3,678
|
Mercantile Bancorp, Inc.(a)
|
1,526
|
|
2,988
|
Mercantile Bank Corp.
|
50,168
|
|
1,942
|
Merchants Bancshares, Inc.
|
55,095
|
|
5,265
|
Metro Bancorp, Inc.(a)
|
101,667
|
|
3,837
|
MetroCorp Bancshares, Inc.(a)
|
37,526
|
|
3,484
|
MicroFinancial, Inc.
|
25,259
|
|
1,894
|
Middleburg Financial Corp.
|
36,081
|
|
3,265
|
MidSouth Bancorp, Inc.
|
48,322
|
|
1,057
|
MidWestOne Financial Group, Inc.
|
25,051
|
|
2,089
|
Monarch Financial Holdings, Inc.
|
22,937
|
|
1,041
|
Monmouth Real Estate Investment Corp., Class A, REIT
|
10,681
|
|
22,955
|
MPG Office Trust, Inc., REIT(a)
|
71,849
|
|
1,826
|
MutualFirst Financial, Inc.
|
28,193
|
|
2,860
|
National Bankshares, Inc.
|
95,495
|
|
4,294
|
NBT Bancorp, Inc.
|
85,365
|
|
1,400
|
New Hampshire Thrift Bancshares, Inc.
|
18,382
|
|
6,483
|
New Mountain Finance Corp.
|
98,736
|
|
24,609
|
New York Mortgage Trust, Inc., REIT(b)
|
166,357
|
|
2,133
|
NewBridge Bancorp(a)
|
12,670
|
|
4,000
|
Nicholas Financial, Inc. (Canada)
|
59,360
|
|
865
|
North Valley Bancorp(a)
|
15,458
|
|
741
|
Northrim BanCorp, Inc.
|
16,502
|
|
955
|
Norwood Financial Corp.
|
29,844
|
|
5,490
|
OceanFirst Financial Corp.
|
76,036
|
|
2,360
|
Old Point Financial Corp.(b)
|
31,081
|
|
7,871
|
Old Second Bancorp, Inc.(a) (b)
|
44,943
|
|
3,104
|
OmniAmerican Bancorp, Inc.(a)
|
69,126
|
|
5,201
|
One Liberty Properties, Inc., REIT
|
137,566
|
|
2,721
|
Oneida Financial Corp.(b)
|
36,489
|
|
4,285
|
Oppenheimer Holdings, Inc., Class A
|
85,100
|
|
1,371
|
Orchid Island Capital, Inc., REIT
|
16,479
|
|
5,528
|
Pacific Continental Corp.
|
61,914
|
|
2,649
|
Pacific Mercantile Bancorp(a)
|
14,675
|
|
3,676
|
Pacific Premier Bancorp, Inc.(a)
|
43,414
|
|
5,611
|
Patriot National Bancorp, Inc.(a)
|
7,575
|
|
2,376
|
Peapack Gladstone Financial Corp.
|
36,448
|
|
1,844
|
Penns Woods Bancorp, Inc.
|
74,848
|
|
2,769
|
Peoples Bancorp, Inc.
|
55,491
|
|
1,894
|
Peoples Financial Corp.
|
24,717
|
|
3,117
|
PMC Commercial Trust, REIT
|
26,401
|
|
1,809
|
Porter Bancorp, Inc.(a)
|
1,520
|
|
2,211
|
Preferred Apartment Communities, Inc., Class A, REIT(b)
|
18,793
|
|
4,992
|
Preferred Bank(a)
|
80,721
|
|
7,865
|
Princeton National Bancorp, Inc.(a)
|
122
|
|
2,705
|
Provident Financial Holdings, Inc.
|
41,170
|
|
3,214
|
Pulaski Financial Corp.
|
33,040
|
|
6,415
|
PVF Capital Corp.(a) (b)
|
24,634
|
|
1,746
|
QCR Holdings, Inc.
|
27,150
|
|
28,566
|
Republic First Bancorp, Inc.(a)
|
87,983
|
|
5,735
|
Riverview Bancorp, Inc.(a)
|
13,649
|
|
3,038
|
SB Financial Group, Inc.(b)
|
25,550
|
|
32,907
|
Seacoast Banking Corp. of Florida(a)
|
69,434
|
|
2,705
|
Shore Bancshares, Inc.(a)
|
19,746
|
|
5,409
|
Sierra Bancorp
|
74,157
|
|
1,476
|
Simplicity Bancorp, Inc.
|
20,738
|
|
1,110
|
Southern National Bancorp of Virginia, Inc.
|
11,377
|
|
4,493
|
Southwest Bancorp, Inc.(a)
|
60,026
|
|
2,976
|
Suffolk Bancorp(a)
|
44,819
|
|
4,556
|
Summit Financial Group, Inc.(a) (b)
|
36,539
|
|
21,301
|
Sun Bancorp, Inc.(a)
|
65,607
|
|
755
|
Teche Holding Co.
|
31,997
|
|
4,144
|
Territorial Bancorp, Inc.
|
95,892
|
|
9,570
|
Thomas Properties Group, Inc.
|
51,774
|
|
2,551
|
Timberland Bancorp, Inc.
|
20,893
|
|
497
|
Trustmark Corp.
|
12,669
|
|
9,625
|
U.S. Global Investors, Inc., Class A
|
26,084
|
|
6,325
|
UMH Properties, Inc., REIT
|
66,665
|
|
2,919
|
United Community Financial Corp./OH(a)
|
11,939
|
|
3,225
|
United Insurance Holdings Corp.
|
20,801
|
|
2,996
|
United Security Bancshares(a)
|
12,823
|
|
2,800
|
United Security Bancshares, Inc.(a)
|
24,136
|
|
1,521
|
Unity Bancorp, Inc.
|
10,632
|
|
10,154
|
Universal Insurance Holdings, Inc.
|
67,727
|
|
9,586
|
Virginia Commerce Bancorp, Inc.(a)
|
130,370
|
|
5,597
|
Washington Banking Co.
|
76,343
|
|
2,117
|
Waterstone Financial, Inc.(a)
|
16,809
|
|
6,212
|
West Bancorporation, Inc.
|
71,935
|
|
6,080
|
Whitestone REIT, Class B, REIT
|
99,773
|
|
2,149
|
Yadkin Financial Corp.(a)
|
26,927
|
|
2,080
|
ZAIS Financial Corp., REIT
|
37,190
|
|
8,716
|
ZipRealty, Inc.(a)
|
24,841
|
|
10,687,499
|
|||
Industrial - 11.8%
|
|||
17,025
|
Active Power, Inc.(a)
|
73,207
|
|
3,839
|
ADA-ES, Inc.(a)
|
143,387
|
|
1,143
|
Air T, Inc.
|
11,716
|
|
10,831
|
API Technologies Corp.(a)
|
30,002
|
|
885
|
Argan, Inc.
|
14,381
|
|
5,100
|
Arotech Corp.(a)
|
8,364
|
|
1,555
|
Art's-Way Manufacturing Co., Inc.(b)
|
11,554
|
|
6,399
|
Ballantyne Strong, Inc.(a)
|
25,724
|
|
1,248
|
Breeze-Eastern Corp.(a) (b)
|
10,546
|
|
6,075
|
Broadwind Energy, Inc.(a) (b)
|
28,978
|
|
13,176
|
Casella Waste Systems, Inc., Class A(a)
|
52,836
|
|
2,992
|
Ceco Environmental Corp.
|
36,113
|
|
2,456
|
Chase Corp.
|
48,506
|
|
898
|
Chicago Rivet & Machine Co.
|
24,426
|
|
5,040
|
Clean Diesel Technologies, Inc.(a) (b)
|
10,584
|
|
5,746
|
Coleman Cable, Inc.
|
106,876
|
|
2,183
|
Core Molding Technologies, Inc.(a)
|
20,433
|
|
4,766
|
Covenant Transportation Group, Inc., Class A(a)
|
26,880
|
|
3,806
|
CPI Aerostructures, Inc.(a)
|
37,527
|
|
3,981
|
CUI Global, Inc.(a)
|
23,209
|
|
2,258
|
CVD Equipment Corp.(a) (b)
|
21,767
|
|
901
|
Digital Ally, Inc.(a) (b)
|
5,631
|
|
5,823
|
Eagle Bulk Shipping, Inc. (Marshall Islands)(a) (b)
|
25,447
|
|
1,699
|
Eastern Co.
|
25,111
|
|
513
|
Ecology and Environment, Inc., Class A
|
6,597
|
|
5,519
|
Engility Holdings, Inc.(a)
|
141,121
|
|
4,587
|
ENGlobal Corp.(a)
|
2,936
|
|
790
|
Erickson Air-Crane, Inc.(a) (b)
|
19,647
|
|
929
|
Espey Manufacturing & Electronics Corp.
|
23,736
|
|
790
|
Exone Co.(a) (b)
|
39,200
|
|
19,219
|
Flow International Corp.(a)
|
76,299
|
|
1,555
|
Frequency Electronics, Inc.
|
15,892
|
|
3,118
|
Frozen Food Express Industries(a)
|
4,833
|
|
2,419
|
Gencor Industries, Inc.(a)
|
17,054
|
|
3,614
|
Giga-Tronics, Inc.(a)
|
5,782
|
|
10,655
|
Goldfield Corp.(a)
|
27,810
|
|
3,923
|
GSE Holding, Inc.(a)
|
25,068
|
|
3,964
|
Hardinge, Inc.
|
50,541
|
|
3,215
|
Heritage-Crystal Clean, Inc.(a)
|
48,386
|
|
6,210
|
Hudson Technologies, Inc.(a)
|
22,604
|
|
1,842
|
Hurco Cos., Inc.(a)
|
52,865
|
|
35,936
|
Identive Group, Inc.(a)
|
31,947
|
|
4,187
|
IEC Electronics Corp.(a)
|
14,654
|
|
1,555
|
Image Sensing Systems, Inc.(a)
|
7,899
|
|
1,473
|
Innovative Solutions & Support, Inc.
|
11,327
|
|
4,315
|
Insignia Systems, Inc.(a)
|
8,587
|
|
5,469
|
Insteel Industries, Inc.
|
97,950
|
|
5,611
|
Integrated Electrical Services, Inc.(a) (b)
|
31,365
|
|
6,369
|
Intellicheck Mobilisa, Inc.(a)
|
3,248
|
|
1,910
|
IntriCon Corp.(a)
|
7,678
|
|
5,678
|
Iteris, Inc.(a)
|
9,539
|
|
3,759
|
Kadant, Inc.
|
112,469
|
|
16,199
|
Kratos Defense & Security Solutions, Inc.(a)
|
94,116
|
|
3,821
|
Lawson Products, Inc.
|
56,933
|
|
4,958
|
Lime Energy Co.(a)
|
3,718
|
|
3,968
|
LMI Aerospace, Inc.(a)
|
75,313
|
|
7,128
|
LoJack Corp.(a)
|
24,093
|
|
7,823
|
LRAD Corp.(a)
|
7,510
|
|
948
|
LS Starrett Co., Class A
|
9,717
|
|
8,520
|
LSI Industries, Inc.
|
69,438
|
|
5,746
|
Lydall, Inc.(a)
|
83,087
|
|
1,747
|
Magnetek, Inc.(a)
|
29,018
|
|
5,297
|
Manitex International, Inc.(a)
|
57,472
|
|
3,869
|
Meade Instruments Corp.(a) (b)
|
13,309
|
|
4,716
|
MEMSIC, Inc.(a)
|
19,241
|
|
1,008
|
Mesa Laboratories, Inc.
|
53,364
|
|
10,838
|
Metabolix, Inc.(a)
|
17,774
|
|
11,354
|
Metalico, Inc.(a)
|
16,350
|
|
6,052
|
Met-Pro Corp.
|
81,278
|
|
2,085
|
Mfri, Inc.(a)
|
16,034
|
|
11,377
|
Microvision, Inc.(a) (b)
|
34,017
|
|
1,912
|
Mocon, Inc.
|
26,080
|
|
6,015
|
Nanophase Technologies Corp.(a)
|
3,549
|
|
4,493
|
NAPCO Security Technologies, Inc.(a)
|
19,500
|
|
7,028
|
NCI Building Systems, Inc.(a)
|
101,555
|
|
5,564
|
NN, Inc.(a)
|
51,523
|
|
534
|
Omega Flex, Inc.
|
7,193
|
|
2,519
|
Orbit International Corp.(a)
|
8,590
|
|
10,698
|
Orion Energy Systems, Inc.(a)
|
24,819
|
|
1,323
|
P&F Industries, Inc.(a)
|
11,087
|
|
3,226
|
Park-Ohio Holdings Corp.(a)
|
119,975
|
|
3,759
|
Patrick Industries, Inc.(a)
|
73,263
|
|
12,229
|
Perma-Fix Environmental Services(a)
|
8,193
|
|
7,153
|
PGT, Inc.(a)
|
59,012
|
|
4,433
|
PMFG, Inc.(a)
|
28,327
|
|
5,132
|
PowerSecure International, Inc.(a)
|
69,179
|
|
4,621
|
Pro-DEX, Inc.(a)
|
8,780
|
|
630
|
Providence and Worcester Railroad Co.
|
10,401
|
|
3,271
|
Pulse Electronics Corp.(a) (b)
|
10,794
|
|
5,710
|
Pure Cycle Corp.(a)
|
37,800
|
|
4,912
|
Rand Logistics, Inc.(a)
|
27,507
|
|
9,565
|
Research Frontiers, Inc.(a) (b)
|
35,104
|
|
36,483
|
Revolution Lighting Technologies, Inc.(a) (b)
|
139,365
|
|
741
|
SIFCO Industries, Inc.
|
11,389
|
|
1,026
|
SL Industries, Inc.
|
24,275
|
|
2,135
|
Sparton Corp.(a)
|
35,484
|
|
9,666
|
Stoneridge, Inc.(a)
|
108,356
|
|
9,015
|
STR Holdings, Inc.(a)
|
27,225
|
|
3,178
|
Superconductor Technologies, Inc.(a) (b)
|
12,108
|
|
996
|
Sutron Corp.(a)
|
5,767
|
|
2,052
|
Synalloy Corp.
|
30,144
|
|
3,244
|
Sypris Solutions, Inc.
|
10,705
|
|
8,559
|
TRC Cos., Inc.(a)
|
50,669
|
|
2,146
|
UFP Technologies, Inc.(a)
|
41,182
|
|
8,095
|
Ultralife Corp.(a)
|
30,761
|
|
2,408
|
Universal Power Group, Inc.(a)
|
4,118
|
|
21,500
|
UQM Technologies, Inc.(a) (b)
|
18,275
|
|
3,177
|
US Concrete, Inc.(a)
|
50,991
|
|
1,416
|
USA Truck, Inc.(a)
|
9,162
|
|
1,926
|
Video Display Corp.(a)
|
7,781
|
|
1,855
|
VSE Corp.
|
62,922
|
|
3,369
|
Wells-Gardner Electronics Corp.(a)
|
6,772
|
|
3,004
|
Willis Lease Finance Corp.(a)
|
39,803
|
|
2,149
|
WSI Industries, Inc.
|
11,605
|
|
7,250
|
XPO Logistics, Inc.(a) (b)
|
120,568
|
|
3,791
|
YRC Worldwide, Inc.(a) (b)
|
75,403
|
|
4,179,082
|
|||
Technology - 7.9%
|
|||
6,300
|
Acorn Energy, Inc.(b)
|
55,755
|
|
1,645
|
Ambarella, Inc. (Cayman Islands)(a)
|
26,600
|
|
7,943
|
American Software, Inc., Class A
|
67,515
|
|
6,258
|
Amtech Systems, Inc.(a)
|
32,854
|
|
785
|
Analysts International Corp.(a)
|
3,203
|
|
1,043
|
Astro-Med, Inc.
|
10,680
|
|
3,253
|
Asure Software, Inc.(a)
|
19,355
|
|
2,596
|
Audience, Inc.(a)
|
36,344
|
|
35,881
|
Axcelis Technologies, Inc.(a)
|
57,410
|
|
14,804
|
AXT, Inc.(a)
|
42,043
|
|
4,218
|
Bsquare Corp.(a)
|
12,106
|
|
11,958
|
Callidus Software, Inc.(a) (b)
|
71,868
|
|
4,174
|
Cascade Microtech, Inc.(a)
|
27,507
|
|
4,972
|
Computer Task Group, Inc.
|
110,975
|
|
3,435
|
Concurrent Computer Corp.
|
25,900
|
|
2,910
|
CSP, Inc.
|
23,629
|
|
2,877
|
Daegis, Inc.(a)
|
3,222
|
|
2,149
|
Data I/O Corp.(a)
|
4,319
|
|
6,113
|
Datalink Corp.(a)
|
70,055
|
|
816
|
Dataram Corp.(a)
|
3,525
|
|
1,425
|
Datawatch Corp.(a)
|
20,962
|
|
2,565
|
Digimarc Corp.
|
59,021
|
|
19,946
|
Dot Hill Systems Corp.(a)
|
38,895
|
|
2,440
|
Dynamics Research Corp.(a)
|
12,200
|
|
20,868
|
DynaVox, Inc., Class A(a)
|
4,174
|
|
1,570
|
E2open, Inc.(a)
|
22,938
|
|
4,693
|
eMagin Corp.
|
18,256
|
|
7,950
|
EMCORE Corp.(a) (b)
|
27,189
|
|
4,715
|
Eon Communications Corp.(a)
|
3,937
|
|
2,392
|
Evolving Systems, Inc.
|
15,620
|
|
2,115
|
Exa Corp.(a)
|
17,724
|
|
1,605
|
Geeknet, Inc.(a)
|
23,305
|
|
4,428
|
GigOptix, Inc.(a)
|
7,837
|
|
21,239
|
Glu Mobile, Inc.(a) (b)
|
57,558
|
|
5,595
|
GSE Systems, Inc.(a)
|
9,120
|
|
8,596
|
GSI Technology, Inc.(a)
|
48,138
|
|
4,529
|
Guidance Software, Inc.(a)
|
41,757
|
|
9,241
|
Hutchinson Technology, Inc.(a)
|
53,043
|
|
2,903
|
Icad, Inc.(a)
|
17,389
|
|
6,451
|
Ikanos Communications, Inc.(a)
|
8,709
|
|
8,176
|
Immersion Corp.(a)
|
125,583
|
|
15,837
|
inContact, Inc.(a)
|
114,977
|
|
10,179
|
Innodata, Inc.(a)
|
32,166
|
|
9,757
|
Integrated Silicon Solution, Inc.(a)
|
105,571
|
|
5,324
|
Intermolecular, Inc.(a)
|
45,467
|
|
5,198
|
Interphase Corp.(a)
|
12,787
|
|
5,180
|
inTEST Corp.
|
17,508
|
|
192
|
j2 Global, Inc.
|
7,851
|
|
3,631
|
Key Tronic Corp.(a)
|
41,248
|
|
34,253
|
Majesco Entertainment Co.(a)
|
22,514
|
|
7,730
|
Market Leader, Inc.(a)
|
82,711
|
|
2,705
|
Mattersight Corp.(a) (b)
|
8,440
|
|
24,212
|
Mattson Technology, Inc.(a)
|
47,698
|
|
14,000
|
Mindspeed Technologies, Inc.(a) (b)
|
45,500
|
|
7,814
|
Mitek Systems, Inc.(a) (b)
|
49,463
|
|
14,819
|
MoSys, Inc.(a)
|
67,426
|
|
2,129
|
NCI, Inc.(a)
|
10,070
|
|
7,727
|
Netlist, Inc.(a)
|
4,791
|
|
4,510
|
NetSol Technologies, Inc.(a)
|
46,408
|
|
24,142
|
OCZ Technology Group, Inc.(a)
|
35,247
|
|
3,515
|
Official Payments Holdings, Inc.(a)
|
22,672
|
|
10,315
|
Overland Storage, Inc.(a)
|
11,965
|
|
3,150
|
PAR Technology Corp.(a)
|
12,568
|
|
7,634
|
Pixelworks, Inc.(a)
|
22,978
|
|
6,523
|
Planar Systems, Inc.(a)
|
11,350
|
|
15,654
|
PLX Technology, Inc.(a)
|
70,756
|
|
3,310
|
Qualstar Corp.(a)
|
5,296
|
|
2,435
|
Qualys, Inc.(a)
|
34,090
|
|
14,921
|
QuickLogic Corp.(a) (b)
|
35,213
|
|
11,402
|
RadiSys Corp.(a)
|
57,010
|
|
4,604
|
Rainmaker Systems, Inc.(a)
|
2,003
|
|
6,437
|
Richardson Electronics Ltd.
|
76,986
|
|
3,499
|
Rimage Corp.
|
28,307
|
|
2,467
|
Scientific Learning Corp.(a)
|
1,875
|
|
4,493
|
Simulations Plus, Inc.
|
19,724
|
|
3,678
|
SmartPros Ltd.
|
6,124
|
|
9,257
|
Smith Micro Software, Inc.(a)
|
11,941
|
|
7,369
|
Streamline Health Solutions, Inc.(a)
|
49,741
|
|
835
|
Technical Communications Corp.
|
6,171
|
|
1,110
|
Transact Technologies, Inc.
|
8,924
|
|
12,486
|
Transwitch Corp.(a)
|
6,369
|
|
9,297
|
Ultra Clean Holdings(a)
|
54,016
|
|
16,825
|
USA Technologies, Inc.(a)
|
30,790
|
|
13,934
|
Vitesse Semiconductor Corp.(a)
|
32,187
|
|
38,268
|
Wave Systems Corp., Class A(a)
|
14,542
|
|
2,161
|
Wayside Technology Group, Inc.
|
25,284
|
|
7,322
|
Wireless Ronin Technologies, Inc.(a)
|
6,663
|
|
2,974
|
XRS Corp.(a)
|
6,662
|
|
2,808,270
|
|||
Utilities - 0.8%
|
|||
2,681
|
Artesian Resources Corp., Class A
|
59,277
|
|
2,435
|
Delta Natural Gas Co., Inc.
|
52,912
|
|
2,263
|
Gas Natural, Inc.
|
23,264
|
|
1,588
|
RGC Resources, Inc.
|
32,363
|
|
40,581
|
US Geothermal, Inc.(a)
|
15,624
|
|
5,201
|
York Water Co.
|
99,235
|
|
282,675
|
|||
Total Common Stocks - 99.7%
|
|||
(Cost $33,262,788)
|
35,448,850
|
||
Exchange Traded Fund - 0.2%
|
|||
900
|
iShares Russell Microcap Index Fund(b)
|
55,170
|
|
(Cost $55,497)
|
|||
Rights - 0.0%*
|
|||
Consumer, Non-cyclical - 0.0%
|
|||
8,185
|
Prospect Global Resources, Inc., 07/20/2013 (a) (c) (d)
|
20
|
|
Financial - 0.0%
|
|||
17,420
|
Eastern Virginia Bankshares, Inc., 07/14/2013 (a) (c) (d)
|
2,365
|
|
807
|
First Security Group, Inc., 06/01/2013 (a) (c) (d)
|
4,439
|
|
6,804
|
|||
Total Rights - 0.0%
|
|||
(Cost $1,868)
|
6,824
|
||
Warrant - 0.0%*
|
|||
Consumer, Non-cyclical - 0.0%
|
|||
314
|
Photomedex, Inc., 12/13/2014(a) (c) (d)
|
752
|
|
(Cost $0)
|
|||
Total Long-Term Investments - 99.9%
|
|||
(Cost $33,320,153)
|
35,511,596
|
||
Investments of Collateral for Securities Loaned - 10.7%
|
|||
3,797,575
|
BNY Mellon Securities Lending Overnight Fund, 0.0730%(e) (f)
|
3,797,575
|
|
(Cost $3,797,575)
|
|||
Total Investments - 110.6%
|
|||
(Cost $37,117,728)
|
39,309,171
|
||
Liabilities in excess of Other Assets - (10.6%)
|
(3,760,468)
|
||
Net Assets - 100.0%
|
$35,548,703
|
||
REIT - Real Estate Investment Trust
|
|
* Less than 0.1%
|
|
(a)
|
Non-income producing security.
|
(b)
|
Security, or portion thereof, was on loan at May 31, 2013.
|
(c)
|
Security is valued based on observable inputs in accordance with Fair Valuation procedures established in good faith by management and approved by the Board of Trustees. The total market value of such securities is $7,576 which represents less than 0.1% of net assets.
|
(d)
|
Illiquid security.
|
(e)
|
At May 31, 2013, the total market value of the Fund’s securities on loan was $3,608,589 and the total market value of the collateral held by the Fund was $3,797,575.
|
(f)
|
Interest rate shown reflects yield as of May 31, 2013.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
** Subject to change daily. Based on long-term investments.
|
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
Securities listed on an exchange are valued at the last reported sale price on the principal exchange or on the principal over-the-counter market on which such securities are traded, as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the day the securities are being valued or, if there are no sales, at the mean of the most recent bid and ask prices. Equity securities that are traded primarily on the NASDAQ Stock Market are valued at the NASDAQ Official Closing Price. Debt securities are valued at the mean of the last available bid and ask prices for such securities or, if such prices are not available, at prices for securities of comparable maturity, quality and type. If sufficient market activity is limited or does not exist, the pricing providers or broker-dealers may utilize proprietary valuation models which consider market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which are then discounted to calculate a security’s fair value. Short-term securities with maturities of 60 days or less at time of purchase are valued at amortized cost, which approximates market value. Money market funds are valued at net asset value.
|
|||||||
For those securities where quotations or prices are not available, the valuations are determined in accordance with procedures established in good faith by management and approved by the Board of Trustees of the Trust (“Board of Trustees”). A valuation committee consisting of representatives from investments, fund administration, legal and compliance is responsible for the oversight of the valuation process of the Fund and convenes monthly, or more frequently as needed. The valuation committee reviews monthly Level 3 fair valued securities methodology, price overrides, broker quoted securities, price source changes, illiquid securities, unchanged priced securities, halted securities, price challenges, fair valued securities sold and back testing trade prices in relation to prior day closing prices. On a quarterly basis, the valuations and methodologies of all Level 3 fair valued securities are presented to the Fund’s Trustees.
|
|||||||
Valuations in accordance with these procedures are intended to reflect each security’s (or asset’s) “fair value.” 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. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security).
|
|||||||
There are three different categories for valuations. Level 1 valuations are those based upon quoted prices in active markets. Level 2 valuations are those based upon quoted prices in inactive markets or based upon significant observable inputs (e.g. yield curves; benchmark interest rates; indices). Level 3 valuations are those based upon unobservable inputs (e.g. discounted cash flow analysis; non-market based methods used to determine fair valuation).
|
|||||||
The Fund values Level 1 securities using readily available market quotations in active markets. The Fund values Level 2 fixed income securities using independent pricing providers who employ matrix pricing models utilizing market prices, broker quotes and prices of securities with comparable maturities and qualities. The Fund values Level 2 equity securities using various observable market inputs as described above. The fair value estimates for Level 3 securities were determined in accordance with the Trust's valuation procedures.
|
|||||||
The valuation process involved for Level 3 measurements for the Fund is completed on a daily basis and is designed to subject the Level 3 valuations to an appropriate level of oversight and review. For Level 3 securities, the Fund utilizes a pricing committee (the "Pricing Committee"), which is comprised of employees of the Guggenheim Funds Investment Advisors, LLC ("GFIA" or the "Investment Adviser", or its affiliates responsible for implementing the valuation procedures established by the Fund.
|
|||||||
Investment professionals prepare preliminary valuations based on their evaluation of financial data, company specific developments, market valuations of comparable companies, market information and other factors. These preliminary valuations are reviewed by the Pricing Committee with subsequent deliberations until an appropriate price is determined for the Level 3 security.
|
|||||||
The following table represents the Fund's investments carried by caption and by level within the fair value hierarchy as of May 31, 2013:
|
WREI Wilshire US REIT ETF
|
|||
Portfolio of Investments
|
|||
May 31, 2013 (Unaudited)
|
|||
Number
|
|||
of Shares
|
Description
|
Value
|
|
Long-Term Investments - 99.9%
|
|||
Common Stocks - 99.9%
|
|||
Financial - 99.9%
|
|||
2,205
|
Acadia Realty Trust, REIT
|
$57,154
|
|
111
|
Alexander's, Inc., REIT
|
33,787
|
|
2,748
|
Alexandria Real Estate Equities, Inc., REIT
|
188,238
|
|
1,403
|
American Assets Trust, Inc., REIT
|
45,177
|
|
4,304
|
American Campus Communities, Inc., REIT
|
175,732
|
|
5,998
|
Apartment Investment & Management Co., Class A, REIT
|
181,499
|
|
2,818
|
Ashford Hospitality Trust, Inc., REIT
|
37,226
|
|
2,075
|
Associated Estates Realty Corp., REIT
|
34,092
|
|
5,310
|
AvalonBay Communities, Inc., REIT
|
704,425
|
|
7,661
|
BioMed Realty Trust, Inc., REIT
|
160,345
|
|
6,225
|
Boston Properties, Inc., REIT
|
663,460
|
|
5,845
|
Brandywine Realty Trust, REIT
|
82,765
|
|
3,164
|
BRE Properties, Inc., REIT
|
158,168
|
|
3,468
|
Camden Property Trust, REIT
|
240,159
|
|
2,525
|
Campus Crest Communities, Inc., REIT
|
31,941
|
|
6,309
|
CBL & Associates Properties, Inc., REIT
|
145,044
|
|
2,574
|
Cedar Realty Trust, Inc., REIT
|
14,801
|
|
681
|
Chatham Lodging Trust, REIT
|
12,633
|
|
1,644
|
Chesapeake Lodging Trust, REIT
|
37,072
|
|
3,638
|
Colonial Properties Trust, REIT
|
80,436
|
|
4,680
|
CommonWealth REIT, REIT
|
95,659
|
|
877
|
Coresite Realty Corp., REIT
|
28,169
|
|
3,035
|
Corporate Office Properties Trust, REIT
|
80,822
|
|
4,670
|
Cousins Properties, Inc., REIT
|
48,194
|
|
5,495
|
CubeSmart, REIT
|
85,997
|
|
11,553
|
DCT Industrial Trust, Inc., REIT
|
85,261
|
|
11,917
|
DDR Corp., REIT
|
208,071
|
|
8,058
|
DiamondRock Hospitality Co., REIT
|
76,632
|
|
5,138
|
Digital Realty Trust, Inc., REIT
|
312,956
|
|
5,390
|
Douglas Emmett, Inc., REIT
|
137,391
|
|
13,206
|
Duke Realty Corp., REIT
|
218,823
|
|
2,718
|
DuPont Fabros Technology, Inc., REIT
|
65,857
|
|
1,234
|
EastGroup Properties, Inc., REIT
|
72,522
|
|
4,695
|
Education Realty Trust, Inc., REIT
|
49,110
|
|
1,714
|
Equity Lifestyle Properties, Inc., REIT
|
132,269
|
|
2,641
|
Equity One, Inc., REIT
|
61,615
|
|
14,782
|
Equity Residential, REIT
|
835,922
|
|
1,556
|
Essex Property Trust, Inc., REIT
|
244,510
|
|
1,808
|
Excel Trust, Inc., REIT
|
24,155
|
|
4,554
|
Extra Space Storage, Inc., REIT
|
190,767
|
|
2,665
|
Federal Realty Investment Trust, REIT
|
287,154
|
|
4,709
|
FelCor Lodging Trust, Inc., REIT(a)
|
29,007
|
|
4,166
|
First Industrial Realty Trust, Inc., REIT
|
70,364
|
|
2,373
|
First Potomac Realty Trust, REIT
|
32,463
|
|
3,785
|
Franklin Street Properties Corp., REIT
|
51,552
|
|
16,968
|
General Growth Properties, Inc., REIT
|
348,353
|
|
5,889
|
Glimcher Realty Trust, REIT
|
68,784
|
|
1,843
|
Government Properties Income Trust, REIT
|
44,803
|
|
18,613
|
HCP, Inc., REIT
|
881,884
|
|
10,692
|
Health Care REIT, Inc., REIT
|
727,377
|
|
3,654
|
Healthcare Realty Trust, Inc., REIT
|
97,233
|
|
4,167
|
Healthcare Trust of America, Inc., Class A, REIT
|
47,879
|
|
7,539
|
Hersha Hospitality Trust, REIT
|
43,123
|
|
3,213
|
Highwoods Properties, Inc., REIT
|
117,017
|
|
2,119
|
Home Properties, Inc., REIT
|
128,772
|
|
5,660
|
Hospitality Properties Trust, REIT
|
165,159
|
|
29,834
|
Host Hotels & Resorts, Inc., REIT
|
530,747
|
|
1,973
|
Hudson Pacific Properties, Inc., REIT
|
42,597
|
|
4,086
|
Inland Real Estate Corp., REIT
|
41,963
|
|
3,865
|
Investors Real Estate Trust, REIT
|
34,785
|
|
3,049
|
Kilroy Realty Corp., REIT
|
161,323
|
|
15,741
|
Kimco Realty Corp., REIT
|
348,663
|
|
3,782
|
Kite Realty Group Trust, REIT
|
22,957
|
|
3,930
|
LaSalle Hotel Properties, REIT
|
103,752
|
|
4,909
|
Liberty Property Trust, REIT
|
199,207
|
|
5,639
|
Macerich Co., REIT
|
366,027
|
|
3,616
|
Mack-Cali Realty Corp., REIT
|
95,824
|
|
1,742
|
MID-America Apartment Communities, Inc., REIT
|
118,404
|
|
1,624
|
Monmouth Real Estate Investment Corp., Class A, REIT
|
16,662
|
|
940
|
National Health Investors, Inc., REIT
|
58,534
|
|
2,760
|
Parkway Properties, Inc., REIT
|
47,417
|
|
2,526
|
Pebblebrook Hotel Trust, REIT
|
66,282
|
|
2,736
|
Pennsylvania Real Estate Investment Trust, REIT
|
54,419
|
|
6,890
|
Piedmont Office Realty Trust, Inc., Class A, REIT
|
130,841
|
|
2,244
|
Post Properties, Inc., REIT
|
107,263
|
|
19,000
|
ProLogis, Inc., REIT
|
765,700
|
|
760
|
PS Business Parks, Inc., REIT
|
57,996
|
|
5,922
|
Public Storage, REIT
|
898,960
|
|
2,412
|
Ramco-Gershenson Properties Trust, REIT
|
37,651
|
|
3,717
|
Regency Centers Corp., REIT
|
191,797
|
|
2,384
|
Retail Properties of America, Inc., Class A, REIT
|
36,380
|
|
4,318
|
RLJ Lodging Trust, REIT
|
100,005
|
|
1,218
|
Rouse Properties, Inc., REIT
|
24,494
|
|
1,821
|
Ryman Hospitality Properties, REIT
|
69,671
|
|
1,526
|
Sabra Health Care REIT, Inc., REIT
|
41,278
|
|
510
|
Saul Centers, Inc., REIT
|
22,843
|
|
7,720
|
Senior Housing Properties Trust, REIT
|
199,562
|
|
12,889
|
Simon Property Group, Inc., REIT
|
2,145,245
|
|
3,747
|
SL Green Realty Corp., REIT
|
325,914
|
|
1,258
|
Sovran Self Storage, Inc., REIT
|
81,606
|
|
7,077
|
Strategic Hotels & Resorts, Inc., REIT(a)
|
56,899
|
|
2,667
|
Summit Hotel Properties, Inc., REIT
|
26,323
|
|
1,404
|
Sun Communities, Inc., REIT
|
70,158
|
|
6,547
|
Sunstone Hotel Investors, Inc., REIT(a)
|
78,957
|
|
3,597
|
Tanger Factory Outlet Centers, REIT
|
124,025
|
|
2,445
|
Taubman Centers, Inc., REIT
|
197,018
|
|
706
|
Terreno Realty Corp., REIT
|
13,435
|
|
10,271
|
UDR, Inc., REIT
|
250,304
|
|
492
|
Universal Health Realty Income Trust, REIT
|
22,224
|
|
1,339
|
Urstadt Biddle Properties, Inc., Class A, REIT
|
28,199
|
|
11,986
|
Ventas, Inc., REIT
|
855,441
|
|
7,666
|
Vornado Realty Trust, REIT
|
612,897
|
|
2,735
|
Washington Real Estate Investment Trust, REIT
|
76,088
|
|
4,997
|
Weingarten Realty Investors, REIT
|
159,304
|
|
(Cost $17,263,998)
|
19,397,821
|
||
Total Investments - 99.9%
|
|||
(Cost $17,263,998)
|
19,397,821
|
||
Other Assets in excess of Liabilities - 0.1%
|
16,107
|
||
Net Assets - 100.0%
|
$19,413,928
|
||
REIT - Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
Securities are classified by sectors that represent broad groupings of related industries.
|
|
See previously submitted notes to financial statements for the period ended February 28, 2013.
|
At May 31, 2013, the cost and related gross unrealized appreciation and depreciation on
|
||||||||||
investments for tax purposes are as follows:
|
Cost of Investments for Tax Purposes
|
Gross Tax Unrealized Appreciation
|
Gross Tax Unrealized Depreciation
|
Net Tax Unrealized Appreciation on Investments
|
||||||||
$17,189,310 | $2,437,002 | $(228,491) | $2,208,511 |
Securities listed on an exchange are valued at the last reported sale price on the principal exchange or on the
|
||||||||||
principal over-the-counter market on which such securities are traded, as of the close of regular trading on the New
|
||||||||||
York Stock Exchange ("NYSE") on the day the securities are being valued or, if there are no sales, at the mean of
|
||||||||||
the most recent bid and asked prices. Equity securities that are traded primarily on the NASDAQ Stock Market are
|
||||||||||
valued at the NASDAQ Official Closing Price. Debt securities are valued at the mean of the last available bid and
|
||||||||||
ask prices for such securities or, if such prices are not available, at prices for securities of comparable maturity,
|
||||||||||
quality and type. If sufficient market activity is limited or does not exist, the pricing providers or broker-dealers may
|
||||||||||
utilize proprietary valuation models which consider market characteristics such as benchmark yield curves,
|
||||||||||
option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal
|
||||||||||
repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which
|
||||||||||
are then discounted to calculate a security's fair value. Short-term securities with maturities of 60 days or less at
|
||||||||||
time of purchase are valued at amortized cost, which approximates market value. Money market funds are valued
|
||||||||||
at net asset value.
|
||||||||||
For those securities where quotations or prices are not available, the valuations are determined in accordance with procedures established in good faith by management and approved by the Board of Trustees of the Trust (“Board of Trustees”). A valuation committee consisting of representatives from investment, fund administration, legal and compliance is responsible for the oversight of the valuation process of the Fund and convenes monthly, or more frequently as needed. The valuation committee reviews monthly Level 3 fair valued securities methodology, price overrides, broker quoted securities, price source changes, illiquid securities, unchanged priced securities, halted securities, price challenges, fair valued securities sold and back testing trade prices in relation to prior day closing prices. On a quarterly basis, the valuations and methodologies of all Level 3 fair valued securities are presented to the Fund’s Trustees.
|
||||||||||
Valuations in accordance with these procedures are intended to reflect each security’s (or asset’s) “fair value.” 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. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security).
|
||||||||||
There are three different categories for valuations. Level 1 valuations are those based upon quoted prices in active markets.
|
||||||||||
Level 2 valuations are those based upon quoted prices in inactive markets or based upon significant observable inputs
|
||||||||||
(e.g. yield curves; benchmark interest rates; indices). Level 3 valuations are those based upon unobservable
|
||||||||||
inputs (e.g. discounted cash flow analysis; non-market based methods used to determine fair valuation).
|
||||||||||
The Fund values Level 1 securities using readily available market quotations in active markets. The
|
||||||||||
Fund values Level 2 fixed income securities using independent pricing providers who employ matrix
|
||||||||||
pricing models utilizing market prices, broker quotes and prices of securities with comparable maturities and
|
||||||||||
qualities. The Fund values Level 2 equity securities using various observable market inputs as described above.
|
||||||||||
The Fund did not have any Level 3 securities during the period ended May 31, 2013.
|
||||||||||
The following table represents the Fund's investments carried by caption and by level
|
||||||||||
within the fair value hierarchy as of May 31, 2013.
|
||||||||||
|
(a)
|
The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “Investment Company Act”)) as of a date within 90 days of the filing date of this report and have concluded, based on such evaluation, 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 within the time periods specified in the Securities and Exchange Commission’s rules and forms.
|
|
(b)
|
There was no change in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting.
|
Claymore Exchange-Traded Fund Trust
|
By:
|
/s/ Donald C. Cacciapaglia |
Date:
|
July 30, 2013 |
By:
|
/s/ Donald C. Cacciapaglia |
Date:
|
July 30, 2013 |
By:
|
/s/ John L. Sullivan |
Date:
|
July 30, 2013 |
1 Year LJ International, Inc. (MM) Chart |
1 Month LJ International, Inc. (MM) Chart |
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