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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lehman Abs Corp. 7.00% Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17 Class A-1 | NYSE:JZK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.25 | 0.00 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-05344
WILLIAM BLAIR FUNDS
(Exact name of registrant as specified in charter)
222 WEST ADAMS STREET CHICAGO, IL 60606
(Address of principal executive offices) (Zip code)
Michelle R. Seitz, President, William Blair Funds.
222 West Adams Street
Chicago, IL 60606
(Name and address of agent for service)
Registrants telephone number, including area code: 312-236-1600
Date of fiscal year end: December 31
Date of reporting period: September 30, 2012
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 ((S)(S) 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. (S) 3507.
Item 1. Schedule of Investments
Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Information Technology36.8% | ||||||||||
Apple, Inc. | 82,685 | $ | 55,172 | |||||||
* |
Cavium, Inc. | 235,300 | 7,843 | |||||||
* |
Citrix Systems, Inc. | 165,900 | 12,703 | |||||||
* |
Cognizant Technology Solutions Corporation Class A | 145,600 | 10,180 | |||||||
* |
eBay, Inc. | 415,700 | 20,124 | |||||||
Genpact, Ltd. | 865,918 | 14,444 | ||||||||
* |
Google, Inc. Class A | 46,405 | 35,013 | |||||||
Mastercard, Inc. Class A | 51,600 | 23,296 | ||||||||
QUALCOMM, Inc. | 415,140 | 25,942 | ||||||||
* |
RealPage, Inc. | 293,461 | 6,632 | |||||||
* |
SolarWinds, Inc. | 155,700 | 8,679 | |||||||
Solera Holdings, Inc. | 109,300 | 4,795 | ||||||||
* |
VeriSign, Inc. | 246,900 | 12,022 | |||||||
|
|
|||||||||
236,845 | ||||||||||
|
|
|||||||||
Industrials16.3% | ||||||||||
* |
BE Aerospace, Inc. | 172,500 | 7,262 | |||||||
Fastenal Co. | 300,758 | 12,930 | ||||||||
* |
IHS, Inc. Class A | 168,533 | 16,407 | |||||||
* |
Jacobs Engineering Group, Inc. | 354,100 | 14,316 | |||||||
* |
Stericycle, Inc. | 157,093 | 14,220 | |||||||
* |
TransDigm Group, Inc. | 120,380 | 17,078 | |||||||
* |
Trimas Corporation | 306,423 | 7,388 | |||||||
Union Pacific Corporation | 126,000 | 14,956 | ||||||||
|
|
|||||||||
104,557 | ||||||||||
|
|
|||||||||
Health Care14.0% | ||||||||||
* |
Align Technology, Inc. | 133,000 | 4,917 | |||||||
Allergan, Inc. | 187,900 | 17,208 | ||||||||
* |
DaVita, Inc. | 77,600 | 8,040 | |||||||
* |
Gilead Sciences, Inc. | 337,335 | 22,375 | |||||||
* |
Haemonetics Corporation | 152,200 | 12,207 | |||||||
* |
HMS Holdings Corporation | 259,000 | 8,658 | |||||||
* |
IDEXX Laboratories, Inc. | 98,718 | 9,808 | |||||||
* |
Illumina, Inc. | 140,900 | 6,791 | |||||||
|
|
|||||||||
90,004 | ||||||||||
|
|
|||||||||
Consumer Discretionary13.4% | ||||||||||
* |
Amazon.com, Inc. | 80,100 | 20,371 | |||||||
* |
Discovery Communications, Inc. Class A | 170,800 | 10,185 | |||||||
Harley-Davidson, Inc. | 303,699 | 12,868 | ||||||||
* |
K12, Inc. | 208,056 | 4,203 | |||||||
McDonalds Corporation | 195,064 | 17,897 | ||||||||
* |
Pandora Media, Inc. | 801,315 | 8,775 | |||||||
* |
Teavana Holdings, Inc. | 347,186 | 4,527 | |||||||
* |
Vera Bradley, Inc. | 299,300 | 7,138 | |||||||
|
|
|||||||||
85,964 | ||||||||||
|
|
|||||||||
Energy6.3% | ||||||||||
* |
Cameron International Corporation | 143,647 | 8,054 | |||||||
Occidental Petroleum Corporation | 117,900 | 10,147 |
See accompanying Notes to Portfolio of Investments.
Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Energy(continued) | ||||||||||
Schlumberger, Ltd. | 305,300 | $ | 22,082 | |||||||
|
|
|||||||||
40,283 | ||||||||||
|
|
|||||||||
Materials4.2% | ||||||||||
Airgas, Inc. | 146,100 | 12,024 | ||||||||
Ecolab, Inc. | 236,320 | 15,316 | ||||||||
|
|
|||||||||
27,340 | ||||||||||
|
|
|||||||||
Financials3.4% | ||||||||||
* |
IntercontinentalExchange, Inc. | 126,000 | 16,810 | |||||||
LPL Financial Holdings, Inc. | 174,747 | 4,987 | ||||||||
|
|
|||||||||
21,797 | ||||||||||
|
|
|||||||||
Consumer Staples2.5% | ||||||||||
* |
Green Mountain Coffee Roasters, Inc. | 247,000 | 5,866 | |||||||
Mead Johnson Nutrition Co. | 137,500 | 10,076 | ||||||||
|
|
|||||||||
15,942 | ||||||||||
|
|
|||||||||
Total Common Stocks96.9%
|
|
622,732 | ||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $16,715, collateralized by FNMA, 4.375%, due 10/15/2015 |
$ | 16,714 | 16,714 | |||||||
|
|
|||||||||
Total Repurchase Agreement2.6%
|
|
16,714 | ||||||||
|
|
|||||||||
Total Investments99.5%
|
|
639,446 | ||||||||
Cash and other assets, less liabilities0.5% | 2,986 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 642,432 | ||||||||
|
|
* | Non-income producing securities |
= U.S. listed foreign security
See accompanying Notes to Portfolio of Investments.
Large Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Information Technology32.5% | ||||||||||
Accenture plc Class A | 6,480 | $ | 454 | |||||||
Apple, Inc. | 4,905 | 3,273 | ||||||||
* |
Citrix Systems, Inc. | 11,150 | 854 | |||||||
* |
Cognizant Technology Solutions Corporation Class A | 6,280 | 439 | |||||||
* |
eBay, Inc. | 16,530 | 800 | |||||||
* |
Google, Inc. Class A | 1,483 | 1,119 | |||||||
Mastercard, Inc. Class A | 1,800 | 812 | ||||||||
QUALCOMM, Inc. | 15,125 | 945 | ||||||||
* |
Trimble Navigation, Ltd. | 5,470 | 261 | |||||||
* |
VeriSign, Inc. | 5,950 | 290 | |||||||
|
|
|||||||||
9,247 | ||||||||||
|
|
|||||||||
Consumer Discretionary15.3% | ||||||||||
* |
Amazon.com, Inc. | 2,680 | 682 | |||||||
* |
Discovery Communications, Inc. Class A | 12,850 | 766 | |||||||
* |
Dollar General Corporation | 12,700 | 655 | |||||||
Harley-Davidson, Inc. | 14,860 | 630 | ||||||||
NIKE, Inc. Class B | 3,050 | 289 | ||||||||
* |
priceline.com, Inc. | 1,046 | 647 | |||||||
Starbucks Corporation | 13,380 | 679 | ||||||||
|
|
|||||||||
4,348 | ||||||||||
|
|
|||||||||
Industrials12.4% | ||||||||||
Donaldson Co., Inc. | 14,720 | 511 | ||||||||
Precision Castparts Corporation | 5,130 | 838 | ||||||||
* |
Stericycle, Inc. | 9,660 | 874 | |||||||
Union Pacific Corporation | 8,210 | 974 | ||||||||
W.W. Grainger, Inc. | 1,620 | 338 | ||||||||
|
|
|||||||||
3,535 | ||||||||||
|
|
|||||||||
Consumer Staples9.3% | ||||||||||
Colgate-Palmolive Co. | 8,930 | 958 | ||||||||
* |
Green Mountain Coffee Roasters, Inc. | 12,520 | 297 | |||||||
Mead Johnson Nutrition Co. | 11,970 | 877 | ||||||||
Whole Foods Market, Inc. | 5,310 | 517 | ||||||||
|
|
|||||||||
2,649 | ||||||||||
|
|
|||||||||
Financials8.3% | ||||||||||
* |
Affiliated Managers Group, Inc. | 5,190 | 638 | |||||||
JPMorgan Chase & Co. | 29,390 | 1,190 | ||||||||
T Rowe Price Group, Inc. | 8,350 | 529 | ||||||||
|
|
|||||||||
2,357 | ||||||||||
|
|
|||||||||
Health Care7.9% | ||||||||||
Allergan, Inc. | 8,155 | 747 | ||||||||
* |
Gilead Sciences, Inc. | 18,380 | 1,219 | |||||||
* |
IDEXX Laboratories, Inc. | 2,870 | 285 | |||||||
|
|
|||||||||
2,251 | ||||||||||
|
|
|||||||||
Energy6.9% | ||||||||||
National Oilwell Varco, Inc. | 5,060 | 405 |
See accompanying Notes to Portfolio of Investments.
Large Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Energy(continued) | ||||||||||
Occidental Petroleum Corporation | 5,110 | $ | 440 | |||||||
Schlumberger, Ltd. | 15,530 | 1,123 | ||||||||
|
|
|||||||||
1,968 | ||||||||||
|
|
|||||||||
Materials3.2% | ||||||||||
Monsanto Co. | 4,670 | 425 | ||||||||
Praxair, Inc. | 4,655 | 484 | ||||||||
|
|
|||||||||
909 | ||||||||||
|
|
|||||||||
Telecommunication Services2.7% | ||||||||||
* |
SBA Communications Corporation Class A | 12,450 | 783 | |||||||
|
|
|||||||||
Total Common Stocks98.5%
|
|
28,047 | ||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $202, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 202 | 202 | |||||||
|
|
|||||||||
Total Repurchase Agreement0.7%
|
|
202 | ||||||||
|
|
|||||||||
Total Investments99.2%
|
|
28,249 | ||||||||
Cash and other assets, less liabilities0.8% | 225 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 28,474 | ||||||||
|
|
ADR = American Depository Receipt
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Health Care19.7% | ||||||||||
* |
ABIOMED, Inc. | 133,080 | $ | 2,793 | ||||||
* |
Air Methods Corporation | 43,232 | 5,161 | |||||||
* |
Brookdale Senior Living, Inc. | 233,912 | 5,431 | |||||||
* |
Conceptus, Inc. | 175,239 | 3,559 | |||||||
* |
Cyberonics, Inc. | 106,231 | 5,569 | |||||||
* |
ExamWorks Group, Inc. | 473,329 | 7,062 | |||||||
* |
Haemonetics Corporation | 90,126 | 7,228 | |||||||
* |
HealthSouth Corporation | 178,365 | 4,292 | |||||||
* |
HMS Holdings Corporation | 115,397 | 3,858 | |||||||
* |
Natus Medical, Inc. | 367,256 | 4,800 | |||||||
* |
Novadaq Technologies, Inc. | 460,571 | 4,762 | |||||||
* |
NxStage Medical, Inc. | 506,152 | 6,686 | |||||||
* |
Quidel Corporation | 348,079 | 6,589 | |||||||
* |
Spectranetics Corporation | 118,827 | 1,753 | |||||||
* |
TearLab Corporation | 843,988 | 3,249 | |||||||
* |
The Providence Service Corporation | 352,553 | 4,580 | |||||||
Trinity Biotech plcADR | 658,710 | 8,280 | ||||||||
|
|
|||||||||
85,652 | ||||||||||
|
|
|||||||||
Information Technology17.8% | ||||||||||
* |
Bottomline Technologies, Inc. | 346,827 | 8,563 | |||||||
* |
Cardtronics, Inc. | 142,034 | 4,230 | |||||||
* |
Cavium, Inc. | 93,867 | 3,129 | |||||||
* |
Envestnet, Inc. | 14,174 | 166 | |||||||
* |
Exar Corporation | 20,460 | 164 | |||||||
* |
Inuvo, Inc. | 2,171,739 | 1,585 | |||||||
* |
Liquidity Services, Inc. | 58,576 | 2,941 | |||||||
* |
RealPage, Inc. | 225,980 | 5,107 | |||||||
* |
Silicon Laboratories, Inc. | 107,531 | 3,953 | |||||||
* |
SolarWinds, Inc. | 71,800 | 4,002 | |||||||
* |
Stamps.com, Inc. | 233,514 | 5,403 | |||||||
Syntel, Inc. | 88,677 | 5,534 | ||||||||
* |
Tangoe, Inc. | 358,027 | 4,701 | |||||||
* |
TeleTech Holdings, Inc. | 406,060 | 6,923 | |||||||
* |
Ultimate Software Group, Inc. | 67,302 | 6,872 | |||||||
* |
ValueClick, Inc. | 200,015 | 3,438 | |||||||
* |
WNS Holdings, Ltd.ADR | 696,958 | 7,137 | |||||||
* |
Wright Express Corp. | 50,371 | 3,512 | |||||||
|
|
|||||||||
77,360 | ||||||||||
|
|
|||||||||
Industrials17.5% | ||||||||||
Acorn Energy, Inc. | 462,052 | 4,122 | ||||||||
* |
CAI International, Inc. | 492,094 | 10,098 | |||||||
* |
Encore Capital Group, Inc. | 246,322 | 6,961 | |||||||
* |
Franklin Covey Co. | 614,483 | 7,374 | |||||||
* |
Furmanite Corporation | 519,289 | 2,950 | |||||||
Healthcare Services Group, Inc. | 309,668 | 7,082 | ||||||||
* |
Heritage-Crystal Clean, Inc. | 224,279 | 4,452 | |||||||
* |
Huron Consulting Group, Inc. | 183,127 | 6,377 | |||||||
* |
ICF International, Inc. | 200,894 | 4,038 | |||||||
* |
Mistras Group, Inc. | 131,569 | 3,052 |
See accompanying Notes to Portfolio of Investments.
Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Industrials(continued) | ||||||||||
* |
Navigant Consulting, Inc. | 327,361 | $ | 3,617 | ||||||
* |
On Assignment, Inc. | 255,885 | 5,097 | |||||||
* |
Performant Financial Corporation | 255,490 | 2,726 | |||||||
* |
Trimas Corporation | 341,695 | 8,238 | |||||||
|
|
|||||||||
76,184 | ||||||||||
|
|
|||||||||
Consumer Discretionary14.4% | ||||||||||
* |
Dorman Products, Inc. | 129,051 | 4,066 | |||||||
* |
Genesco, Inc. | 44,767 | 2,987 | |||||||
* |
Gentherm, Inc. | 572,464 | 7,122 | |||||||
Jarden Corporation | 137,534 | 7,267 | ||||||||
* |
K12, Inc. | 177,934 | 3,594 | |||||||
MDC Partners, Inc. Class A | 169,952 | 2,097 | ||||||||
* |
Pandora Media, Inc. | 560,913 | 6,142 | |||||||
* |
Select Comfort Corporation | 88,179 | 2,782 | |||||||
* |
Shuffle Master, Inc. | 291,013 | 4,601 | |||||||
Six Flags Entertainment Corporation | 195,427 | 11,491 | ||||||||
* |
Steven Madden, Ltd. | 65,875 | 2,880 | |||||||
* |
U.S. Auto Parts Network, Inc. | 1,091,812 | 3,778 | |||||||
* |
Vera Bradley, Inc. | 150,292 | 3,585 | |||||||
|
|
|||||||||
62,392 | ||||||||||
|
|
|||||||||
Financials12.9% | ||||||||||
* |
Cowen Group, Inc. | 2,282,744 | 6,163 | |||||||
* |
First Cash Financial Services, Inc. | 254,232 | 11,697 | |||||||
* |
FirstService Corporation | 140,128 | 3,916 | |||||||
GFI Group, Inc. | 1,096,781 | 3,488 | ||||||||
* |
ICG Group, Inc. | 788,281 | 8,009 | |||||||
Jones Lang LaSalle, Inc. | 67,624 | 5,163 | ||||||||
Manning & Napier, Inc. | 374,001 | 4,559 | ||||||||
Marlin Business Services Corporation | 156,276 | 3,315 | ||||||||
* |
National Financial Partners Corporation | 586,256 | 9,908 | |||||||
|
|
|||||||||
56,218 | ||||||||||
|
|
|||||||||
Energy5.1% | ||||||||||
* |
Atwood Oceanics, Inc. | 88,572 | 4,026 | |||||||
* |
Dril-Quip, Inc. | 51,576 | 3,707 | |||||||
* |
Hornbeck Offshore Services, Inc. | 97,239 | 3,564 | |||||||
* |
Laredo Petroleum Holdings, Inc. | 103,505 | 2,275 | |||||||
* |
Oil States International, Inc. | 45,942 | 3,650 | |||||||
* |
PDC Energy, Inc. | 149,538 | 4,730 | |||||||
|
|
|||||||||
21,952 | ||||||||||
|
|
|||||||||
Materials2.0% | ||||||||||
* |
Horsehead Holding Corporation | 364,731 | 3,407 | |||||||
* |
Stillwater Mining Co. | 435,896 | 5,139 | |||||||
|
|
|||||||||
8,546 | ||||||||||
|
|
|||||||||
Consumer Staples1.5% | ||||||||||
* |
Green Mountain Coffee Roasters, Inc. | 51,228 | 1,217 |
See accompanying Notes to Portfolio of Investments.
Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Consumer Staples(continued) | ||||||||||
Nu Skin Enterprises, Inc. Class A | 138,093 | $ | 5,362 | |||||||
|
|
|||||||||
6,579 | ||||||||||
|
|
|||||||||
Total Common Stocks90.9%
|
|
394,883 | ||||||||
|
|
|||||||||
Exchange-Traded Fund | ||||||||||
iShares Russell 2000 Growth Index Fund | 219,000 | 20,938 | ||||||||
|
|
|||||||||
Total Exchange-Traded Fund4.8%
|
|
20,938 | ||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $21,148, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 21,148 | 21,148 | |||||||
|
|
|||||||||
Total Repurchase Agreement4.9%
|
|
21,148 | ||||||||
|
|
|||||||||
Total Investments100.6%
|
|
436,969 | ||||||||
Liabilities, plus cash and other assets(0.6)% | (2,503 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 434,466 | ||||||||
|
|
ADR = American Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
If the Funds portfolio holdings represent ownership of 5% or more of the voting securities of a company, the company is deemed to be an affiliate as defined in the Investment Company Act of 1940. The Small Cap Growth Fund had the following transactions during the period ended September 30, 2012 with companies deemed affiliated during the period or at September 30, 2012.
Share Activity |
Period Ended
September 30, 2012 |
|||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
Security Name |
Balance
12/31/2011 |
Purchases | Sales |
Balance
9/30/2012 |
Value |
Dividends
Included in Income |
||||||||||||||||||||
Dreams, Inc. | 2,671,926 | 119,643 | 2,791,569 | | | | ||||||||||||||||||||
p |
Inuvo, Inc. | 861,747 | 1,309,992 | | 2,171,739 | 1,585 | | |||||||||||||||||||
Kensey Nash Corporation | 483,937 | 44,009 | 527,946 | | | 217 | ||||||||||||||||||||
* |
Vertro, Inc. | 847,343 | | 847,343 | | | | |||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
$ | 1,585 | 217 | ||||||||||||||||||||||||
|
|
|
|
p | Affiliated company at September 30, 2012. The Small Cap Growth Funds total value in companies deemed to be affiliated at September 30, 2012 was $1,585 (in thousands). |
* | Vertro, Inc. was acquired by Inuvo, Inc. at rate 1.546 shares of Inuvo, Inc. for each share of Vertro, Inc. on March 2, 2012. |
See accompanying Notes to Portfolio of Investments.
Mid Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Information Technology21.2% | ||||||||||
Amphenol Corporation | 157,800 | $ | 9,291 | |||||||
* |
Aruba Networks, Inc. | 404,300 | 9,091 | |||||||
* |
Cavium, Inc. | 225,312 | 7,510 | |||||||
* |
Citrix Systems, Inc. | 142,200 | 10,888 | |||||||
* |
Concur Technologies, Inc. | 56,730 | 4,183 | |||||||
Genpact, Ltd. | 127,541 | 2,127 | ||||||||
* |
Informatica Corporation | 97,600 | 3,398 | |||||||
* |
RealPage, Inc. | 152,000 | 3,435 | |||||||
* |
Silicon Laboratories, Inc. | 197,180 | 7,248 | |||||||
* |
SolarWinds, Inc. | 159,100 | 8,868 | |||||||
* |
Trimble Navigation, Ltd. | 118,304 | 5,638 | |||||||
* |
VeriSign, Inc. | 188,100 | 9,159 | |||||||
|
|
|||||||||
80,836 | ||||||||||
|
|
|||||||||
Consumer Discretionary17.9% | ||||||||||
* |
Bed Bath & Beyond, Inc. | 130,860 | 8,244 | |||||||
* |
Chipotle Mexican Grill, Inc. | 18,990 | 6,030 | |||||||
Dicks Sporting Goods, Inc. | 241,929 | 12,544 | ||||||||
Harley-Davidson, Inc. | 179,200 | 7,593 | ||||||||
Harman International Industries, Inc. | 129,806 | 5,992 | ||||||||
* |
Lululemon Athletica, Inc. | 162,200 | 11,993 | |||||||
* |
OReilly Automotive, Inc. | 96,780 | 8,093 | |||||||
* |
Select Comfort Corporation | 185,400 | 5,849 | |||||||
Tractor Supply Co. | 19,200 | 1,899 | ||||||||
|
|
|||||||||
68,237 | ||||||||||
|
|
|||||||||
Industrials15.3% | ||||||||||
AMETEK, Inc. | 54,700 | 1,939 | ||||||||
* |
Clean Harbors, Inc. | 130,600 | 6,380 | |||||||
Donaldson Co., Inc. | 279,000 | 9,684 | ||||||||
Fastenal Co. | 87,062 | 3,743 | ||||||||
J.B. Hunt Transport Services, Inc. | 155,100 | 8,071 | ||||||||
* |
Jacobs Engineering Group, Inc. | 134,200 | 5,426 | |||||||
* |
Polypore International, Inc. | 107,900 | 3,814 | |||||||
* |
Stericycle, Inc. | 102,630 | 9,290 | |||||||
* |
TransDigm Group, Inc. | 70,550 | 10,009 | |||||||
|
|
|||||||||
58,356 | ||||||||||
|
|
|||||||||
Health Care11.0% | ||||||||||
* |
Cerner Corporation | 35,500 | 2,748 | |||||||
* |
HealthSouth Corporation | 346,124 | 8,328 | |||||||
* |
HMS Holdings Corporation | 339,200 | 11,339 | |||||||
* |
IDEXX Laboratories, Inc. | 106,372 | 10,568 | |||||||
Perrigo Co. | 76,200 | 8,852 | ||||||||
|
|
|||||||||
41,835 | ||||||||||
|
|
|||||||||
Financials9.9% | ||||||||||
* |
Affiliated Managers Group, Inc. | 51,475 | 6,331 | |||||||
First Republic Bank | 182,300 | 6,282 | ||||||||
LPL Financial Holdings, Inc. | 328,900 | 9,387 | ||||||||
* |
Signature Bank | 119,900 | 8,043 |
See accompanying Notes to Portfolio of Investments.
Mid Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Financials(continued) | ||||||||||
T Rowe Price Group, Inc. | 117,200 | $ | 7,419 | |||||||
|
|
|||||||||
37,462 | ||||||||||
|
|
|||||||||
Energy6.6% | ||||||||||
* |
Cameron International Corporation | 109,600 | 6,145 | |||||||
* |
Denbury Resources, Inc. | 279,270 | 4,513 | |||||||
* |
FMC Technologies, Inc. | 175,200 | 8,112 | |||||||
Range Resources Corporation | 88,300 | 6,170 | ||||||||
|
|
|||||||||
24,940 | ||||||||||
|
|
|||||||||
Consumer Staples6.5% | ||||||||||
* |
Green Mountain Coffee Roasters, Inc. | 230,446 | 5,473 | |||||||
McCormick & Co., Inc. | 146,600 | 9,095 | ||||||||
Mead Johnson Nutrition Co. | 140,500 | 10,296 | ||||||||
|
|
|||||||||
24,864 | ||||||||||
|
|
|||||||||
Materials5.0% | ||||||||||
Airgas, Inc. | 92,300 | 7,596 | ||||||||
Ecolab, Inc. | 177,900 | 11,530 | ||||||||
|
|
|||||||||
19,126 | ||||||||||
|
|
|||||||||
Telecommunication Services3.6% | ||||||||||
* |
SBA Communications Corporation Class A | 215,300 | 13,542 | |||||||
|
|
|||||||||
Total Common Stocks97.0%
|
|
369,198 | ||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $11,337, collateralized by FNMA, 4.375%, due 10/15/15 |
$ | 11,337 | 11,337 | |||||||
|
|
|||||||||
Total Repurchase Agreement3.0%
|
|
11,337 | ||||||||
|
|
|||||||||
Total Investments100.0%
|
|
380,535 | ||||||||
Cash and other assets, less liabilities0.0% | 95 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 380,630 | ||||||||
|
|
* | Non-income producing securities |
= U.S. listed foreign security
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Industrials24.2% | ||||||||||
* |
Allegiant Travel Co. | 56,765 | $ | 3,597 | ||||||
* |
BE Aerospace, Inc. | 171,053 | 7,201 | |||||||
* |
Fortune Brands Home & Security, Inc. | 339,500 | 9,170 | |||||||
Healthcare Services Group, Inc. | 288,432 | 6,596 | ||||||||
* |
Huron Consulting Group, Inc. | 136,185 | 4,742 | |||||||
* |
ICF International, Inc. | 227,825 | 4,579 | |||||||
Manpower, Inc. | 92,950 | 3,421 | ||||||||
* |
Portfolio Recovery Associates, Inc. | 53,600 | 5,598 | |||||||
Robert Half International, Inc. | 291,600 | 7,765 | ||||||||
Roper Industries, Inc. | 62,600 | 6,879 | ||||||||
* |
Standard Parking Corporation | 152,318 | 3,417 | |||||||
* |
Stericycle, Inc. | 132,970 | 12,036 | |||||||
The Corporate Executive Board Co. | 108,735 | 5,832 | ||||||||
* |
TransDigm Group, Inc. | 48,808 | 6,924 | |||||||
* |
Trimas Corporation | 250,223 | 6,033 | |||||||
|
|
|||||||||
93,790 | ||||||||||
|
|
|||||||||
Information Technology22.4% | ||||||||||
* |
ANSYS, Inc. | 98,700 | 7,245 | |||||||
* |
Aruba Networks, Inc. | 217,900 | 4,899 | |||||||
Booz Allen Hamilton Holding Corporation | 260,118 | 3,603 | ||||||||
* |
Cavium, Inc. | 123,673 | 4,122 | |||||||
* |
Concur Technologies, Inc. | 80,700 | 5,950 | |||||||
* |
Constant Contact, Inc. | 230,600 | 4,012 | |||||||
* |
CoStar Group, Inc. | 83,200 | 6,784 | |||||||
* |
Envestnet, Inc. | 19,001 | 222 | |||||||
* |
Gartner, Inc. | 87,600 | 4,038 | |||||||
Genpact, Ltd. | 213,000 | 3,553 | ||||||||
* |
Guidewire Software, Inc. | 166,600 | 5,173 | |||||||
* |
Informatica Corporation | 132,500 | 4,612 | |||||||
* |
MICROS Systems, Inc. | 67,200 | 3,301 | |||||||
NIC, Inc. | 204,670 | 3,029 | ||||||||
* |
RealPage, Inc. | 274,860 | 6,212 | |||||||
* |
Riverbed Technology, Inc. | 195,100 | 4,540 | |||||||
* |
SolarWinds, Inc. | 71,100 | 3,963 | |||||||
* |
Ultimate Software Group, Inc. | 68,225 | 6,966 | |||||||
* |
Wright Express Corp. | 66,900 | 4,664 | |||||||
|
|
|||||||||
86,888 | ||||||||||
|
|
|||||||||
Health Care18.1% | ||||||||||
* |
ABIOMED, Inc. | 211,438 | 4,438 | |||||||
* |
athenahealth, Inc. | 55,671 | 5,109 | |||||||
* |
BioMarin Pharmaceutical, Inc. | 127,500 | 5,134 | |||||||
* |
Brookdale Senior Living, Inc. | 180,876 | 4,200 | |||||||
* |
Catamaran Corporation | 110,916 | 10,866 | |||||||
* |
Cyberonics, Inc. | 69,789 | 3,658 | |||||||
* |
Haemonetics Corporation | 48,787 | 3,913 | |||||||
* |
HealthSouth Corporation | 199,484 | 4,800 | |||||||
* |
HMS Holdings Corporation | 223,892 | 7,485 | |||||||
* |
Hologic, Inc. | 305,600 | 6,185 | |||||||
Perrigo Co. | 80,500 | 9,352 |
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Health Care(continued) | ||||||||||
* |
Sirona Dental Systems, Inc. | 89,383 | $ | 5,091 | ||||||
|
|
|||||||||
70,231 | ||||||||||
|
|
|||||||||
Consumer Discretionary13.4% | ||||||||||
Dicks Sporting Goods, Inc. | 219,890 | 11,401 | ||||||||
* |
Grand Canyon Education, Inc. | 189,300 | 4,454 | |||||||
* |
K12, Inc. | 280,514 | 5,667 | |||||||
* |
LKQ Corporation | 286,600 | 5,302 | |||||||
* |
Pandora Media, Inc. | 292,002 | 3,198 | |||||||
Polaris Industries, Inc. | 65,600 | 5,305 | ||||||||
* |
Sally Beauty Holdings, Inc. | 161,000 | 4,040 | |||||||
Texas Roadhouse, Inc. | 188,943 | 3,231 | ||||||||
Tractor Supply Co. | 52,900 | 5,231 | ||||||||
* |
Under Armour, Inc. | 70,220 | 3,920 | |||||||
|
|
|||||||||
51,749 | ||||||||||
|
|
|||||||||
Financials7.4% | ||||||||||
* |
Affiliated Managers Group, Inc. | 66,009 | 8,119 | |||||||
CBOE Holdings, Inc. | 138,700 | 4,080 | ||||||||
First Republic Bank | 144,000 | 4,962 | ||||||||
* |
FirstService Corporation | 152,614 | 4,266 | |||||||
Jones Lang LaSalle, Inc. | 72,600 | 5,543 | ||||||||
* |
National Financial Partners Corporation | 97,460 | 1,647 | |||||||
|
|
|||||||||
28,617 | ||||||||||
|
|
|||||||||
Energy5.8% | ||||||||||
Cabot Oil & Gas Corporation | 79,900 | 3,587 | ||||||||
Core Laboratories N.V. | 35,500 | 4,313 | ||||||||
Helmerich & Payne, Inc. | 80,400 | 3,828 | ||||||||
* |
KiOR, Inc. | 244,497 | 2,274 | |||||||
Oceaneering International, Inc. | 74,400 | 4,111 | ||||||||
* |
Oil States International, Inc. | 54,600 | 4,338 | |||||||
|
|
|||||||||
22,451 | ||||||||||
|
|
|||||||||
Telecommunication Services3.3% | ||||||||||
* |
SBA Communications Corporation Class A | 201,300 | 12,662 | |||||||
|
|
|||||||||
Materials2.0% | ||||||||||
Celanese Corporation | 108,200 | 4,102 | ||||||||
Rockwood Holdings, Inc. | 80,300 | 3,742 | ||||||||
|
|
|||||||||
7,844 | ||||||||||
|
|
|||||||||
Consumer Staples1.0% | ||||||||||
* |
Green Mountain Coffee Roasters, Inc. | 157,523 | 3,741 | |||||||
|
|
|||||||||
Total Common Stocks97.6%
|
|
377,973 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $9,919, collateralized by FNMA, 4.375%, due 10/15/15 |
$ | 9,919 | $ | 9,919 | ||||||
|
|
|||||||||
Total Repurchase Agreement2.6%
|
|
9,919 | ||||||||
|
|
|||||||||
Total Investments100.2%
|
|
387,892 | ||||||||
Liabilities, plus cash and other assets(0.2)% | (849 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 387,043 | ||||||||
|
|
* | Non-income producing securities |
= U.S. listed foreign security
See accompanying Notes to Portfolio of Investments.
Global Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Western Hemisphere44.2% | ||||||||||
Canada3.5% | ||||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) | 23,479 | $ | 810 | |||||||
The Toronto-Dominion Bank (Commercial banks) | 12,867 | 1,073 | ||||||||
|
|
|||||||||
1,883 | ||||||||||
|
|
|||||||||
United States40.7% | ||||||||||
* |
Affiliated Managers Group, Inc. (Capital markets) | 5,360 | 659 | |||||||
* |
Align Technology, Inc. (Health care equipment & supplies) | 7,664 | 283 | |||||||
American Express Co. (Consumer finance) | 14,191 | 807 | ||||||||
AMETEK, Inc. (Electrical equipment) | 17,621 | 625 | ||||||||
Apple, Inc. (Computers & peripherals) | 2,428 | 1,620 | ||||||||
* |
Citrix Systems, Inc. (Software) | 8,304 | 636 | |||||||
Colgate-Palmolive Co. (Household products) | 7,517 | 806 | ||||||||
Costco Wholesale Corporation (Food & staples retailing) | 8,412 | 842 | ||||||||
* |
Discovery Communications, Inc. Class A (Media) | 14,060 | 838 | |||||||
* |
Express Scripts Holding Co. (Health care providers & services) | 16,257 | 1,019 | |||||||
Exxon Mobil Corporation (Oil, gas & consumable fuels) | 11,905 | 1,089 | ||||||||
* |
Fortune Brands Home & Security, Inc. (Building products) | 14,876 | 402 | |||||||
Harley-Davidson, Inc. (Automobiles) | 16,103 | 682 | ||||||||
* |
IDEXX Laboratories, Inc. (Health care equipment & supplies) | 5,143 | 511 | |||||||
JPMorgan Chase & Co. (Diversified financial services) | 28,585 | 1,157 | ||||||||
Marriott International, Inc. Class A (Hotels, restaurants & leisure) | 17,243 | 674 | ||||||||
Mastercard, Inc. Class A (IT services) | 2,094 | 945 | ||||||||
McCormick & Co., Inc. (Food products) | 8,786 | 545 | ||||||||
* |
Monster Beverage Corporation (Beverages) | 6,684 | 362 | |||||||
* |
OReilly Automotive, Inc. (Specialty retail) | 8,635 | 722 | |||||||
* |
priceline.com, Inc. (Internet & catalog retail) | 1,332 | 824 | |||||||
QUALCOMM, Inc. (Communications equipment) | 15,080 | 942 | ||||||||
Schlumberger, Ltd. (Energy equipment & services) | 11,040 | 799 | ||||||||
* |
SolarWinds, Inc. (Software) | 8,319 | 464 | |||||||
Starbucks Corporation (Hotels, restaurants & leisure) | 6,963 | 353 | ||||||||
The Walt Disney Co. (Media) | 14,949 | 782 | ||||||||
Union Pacific Corporation (Road & rail) | 7,359 | 874 | ||||||||
W.W. Grainger, Inc. (Trading companies & distributors) | 1,578 | 329 | ||||||||
Williams-Sonoma, Inc. (Specialty retail) | 17,552 | 772 | ||||||||
Yum! Brands, Inc. (Hotels, restaurants & leisure) | 11,863 | 787 | ||||||||
|
|
|||||||||
22,150 | ||||||||||
|
|
|||||||||
Europe, Mid-East19.5% | ||||||||||
Denmark3.3% | ||||||||||
CHR Hansen Holding A/S (Chemicals) | 9,021 | 272 | ||||||||
Coloplast A/S Class B (Health care equipment & supplies) | 1,755 | 365 | ||||||||
Novo Nordisk A/S Class B (Pharmaceuticals) | 7,142 | 1,128 | ||||||||
|
|
|||||||||
1,765 | ||||||||||
|
|
|||||||||
France2.7% | ||||||||||
BNP Paribas S.A. (Commercial banks) | 10,991 | 522 | ||||||||
Essilor International S.A. (Health care equipment & supplies) | 3,146 | 295 |
See accompanying Notes to Portfolio of Investments.
Global Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Europe, Mid-East19.5%(continued) | ||||||||||
France2.7%(continued) | ||||||||||
Technip S.A. (Energy equipment & services) | 6,036 | $ | 671 | |||||||
|
|
|||||||||
1,488 | ||||||||||
|
|
|||||||||
Germany6.3% | ||||||||||
Bayerische Motoren Werke AG (Automobiles) | 10,696 | 782 | ||||||||
Brenntag AG (Trading companies & distributors) | 4,613 | 591 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) | 6,114 | 710 | ||||||||
MTU Aero Engines Holding AG (Aerospace & defense) | 3,571 | 285 | ||||||||
SAP AG (Software) | 14,874 | 1,053 | ||||||||
|
|
|||||||||
3,421 | ||||||||||
|
|
|||||||||
Israel1.2% | ||||||||||
* |
Check Point Software Technologies, Ltd. (Software) | 13,232 | 637 | |||||||
|
|
|||||||||
Sweden1.4% | ||||||||||
Atlas Copco AB Class A (Machinery) | 33,500 | 782 | ||||||||
|
|
|||||||||
Switzerland4.6% | ||||||||||
Nestle S.A. (Food products) | 12,794 | 807 | ||||||||
Partners Group Holding AG (Capital markets) | 3,362 | 699 | ||||||||
Syngenta AG (Chemicals) | 2,680 | 1,002 | ||||||||
|
|
|||||||||
2,508 | ||||||||||
|
|
|||||||||
United Kingdom16.3% | ||||||||||
Abcam plc (Biotechnology) | 38,289 | 248 | ||||||||
AMEC plc (Energy equipment & services) | 16,882 | 313 | ||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) | 58,838 | 546 | ||||||||
Ashmore Group plc (Capital markets) | 72,615 | 399 | ||||||||
Babcock International Group plc (Commercial services & supplies) | 22,544 | 338 | ||||||||
BG Group plc (Oil, gas & consumable fuels) | 34,907 | 705 | ||||||||
BHP Billiton plc (Metals & mining) | 32,232 | 1,002 | ||||||||
Burberry Group plc (Textiles, apparel & luxury goods) | 6,884 | 111 | ||||||||
Compass Group plc (Hotels, restaurants & leisure) | 71,512 | 789 | ||||||||
Diageo plc (Beverages) | 39,591 | 1,112 | ||||||||
Experian plc (Professional services) | 53,507 | 889 | ||||||||
Hargreaves Lansdown plc (Capital markets) | 30,675 | 311 | ||||||||
Lancashire Holdings, Ltd. (Insurance) | 19,555 | 260 | ||||||||
Pearson plc (Media) | 30,984 | 606 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) | 57,618 | 784 | |||||||
The Weir Group plc (Machinery) | 15,721 | 449 | ||||||||
|
|
|||||||||
8,862 | ||||||||||
|
|
|||||||||
Emerging Asia9.5% | ||||||||||
China3.9% | ||||||||||
* |
Baidu, Inc.ADR (Internet software & services) | 9,505 | 1,110 | |||||||
China Mobile, Ltd. (Wireless telecommunication services) | 67,500 | 748 | ||||||||
* |
WuXi PharmaTech Cayman, Inc.ADR (Life sciences tools & services) | 19,138 | 286 | |||||||
|
|
|||||||||
2,144 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Global Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Asia9.5%(continued) | ||||||||||
Indonesia1.5% | ||||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 1,048,500 | $ | 816 | |||||||
|
|
|||||||||
South Korea4.1% | ||||||||||
Hyundai Motor Co. (Automobiles) | 5,022 | 1,139 | ||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 886 | 1,073 | ||||||||
|
|
|||||||||
2,212 | ||||||||||
|
|
|||||||||
Japan3.2% | ||||||||||
Fanuc Corporation (Machinery) | 3,500 | 564 | ||||||||
Softbank Corporation (Wireless telecommunication services) | 29,100 | 1,179 | ||||||||
|
|
|||||||||
1,743 | ||||||||||
|
|
|||||||||
Asia1.8% | ||||||||||
Hong Kong1.8% | ||||||||||
AIA Group, Ltd. (Insurance) | 263,600 | 982 | ||||||||
|
|
|||||||||
Emerging Latin America1.8% | ||||||||||
Argentina0.5% | ||||||||||
MercadoLibre, Inc. (Internet software & services) | 3,402 | 281 | ||||||||
|
|
|||||||||
Brazil1.3% | ||||||||||
BR Malls Participacoes S.A. (Real estate management & development) | 48,300 | 671 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa1.7% | ||||||||||
South Africa1.7% | ||||||||||
* |
Aspen Pharmacare Holdings, Ltd. (Pharmaceuticals) | 23,420 | 402 | |||||||
Bidvest Group, Ltd. (Industrial conglomerates) | 20,588 | 510 | ||||||||
|
|
|||||||||
912 | ||||||||||
|
|
|||||||||
Total Common Stocks98.0%
|
|
53,257 | ||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $1,563, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 1,563 | 1,563 | |||||||
|
|
|||||||||
Total Repurchase Agreement2.9%
|
|
1,563 | ||||||||
|
|
|||||||||
Total Investments100.9%
|
|
54,820 | ||||||||
Liabilities, plus cash and other assets(0.9)% | (467 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 54,353 | ||||||||
|
|
ADR = American Depository Receipt
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
Global Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
Global Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories:
Consumer Discretionary |
18.5 | % | ||
Information Technology |
17.5 | % | ||
Financials |
17.2 | % | ||
Industrials |
13.9 | % | ||
Health Care |
9.9 | % | ||
Consumer Staples |
8.4 | % | ||
Energy |
6.7 | % | ||
Materials |
4.3 | % | ||
Telecommunication Services |
3.6 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
U.S. Dollar |
46.9 | % | ||
British Pound Sterling |
16.6 | % | ||
Euro |
9.2 | % | ||
Swiss Franc |
4.7 | % | ||
South Korean Won |
4.2 | % | ||
Hong Kong Dollar |
3.8 | % | ||
Danish Krone |
3.3 | % | ||
Japanese Yen |
3.3 | % | ||
Canadian Dollar |
2.0 | % | ||
South African Rand |
1.7 | % | ||
Indonesian Rupiah |
1.5 | % | ||
Swedish Krona |
1.5 | % | ||
Brazilian Real |
1.3 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Europe35.9% | ||||||||||
Austria0.7% | ||||||||||
Andritz AG (Machinery) | 370,488 | $ | 20,981 | |||||||
Schoeller-Bleckmann Oilfield Equipment AG (Energy equipment & services) | 39,031 | 4,052 | ||||||||
|
|
|||||||||
25,033 | ||||||||||
|
|
|||||||||
Belgium0.2% | ||||||||||
Colruyt S.A. (Food & staples retailing) | 176,719 | 7,697 | ||||||||
|
|
|||||||||
Denmark0.9% | ||||||||||
Coloplast A/S Class B (Health care equipment & supplies) | 118,249 | 24,622 | ||||||||
SimCorp A/S (Software) | 28,353 | 6,055 | ||||||||
|
|
|||||||||
30,677 | ||||||||||
|
|
|||||||||
Finland1.1% | ||||||||||
Kone Oyj (Machinery) | 353,279 | 24,447 | ||||||||
Nokian Renkaat Oyj (Auto components) | 327,797 | 13,332 | ||||||||
|
|
|||||||||
37,779 | ||||||||||
|
|
|||||||||
France10.7% | ||||||||||
Arkema S.A. (Chemicals) | 337,600 | 31,609 | ||||||||
AXA S.A. (Insurance) | 3,959,050 | 58,965 | ||||||||
BNP Paribas S.A. (Commercial banks) | 1,809,861 | 86,007 | ||||||||
CFAO S.A. (Distributors) | 128,882 | 6,173 | ||||||||
Christian Dior S.A. (Textiles, apparel & luxury goods) | 266,831 | 35,798 | ||||||||
* |
Credit Agricole S.A. (Commercial banks) | 510,426 | 3,522 | |||||||
Sanofi (Pharmaceuticals) | 795,427 | 67,821 | ||||||||
Societe BIC S.A. (Commercial services & supplies) | 62,454 | 7,546 | ||||||||
Unibail-Rodamco SE (Real estate investment trusts (REITs)) | 167,603 | 33,405 | ||||||||
Vinci S.A. (Construction & engineering) | 333,573 | 14,208 | ||||||||
Vivendi S.A. (Diversified telecommunication services) | 1,194,598 | 23,295 | ||||||||
Zodiac Aerospace (Aerospace & defense) | 103,079 | 10,064 | ||||||||
|
|
|||||||||
378,413 | ||||||||||
|
|
|||||||||
Germany3.7% | ||||||||||
Aixtron AG (Semiconductors & semiconductor equipment) | 509,409 | 6,792 | ||||||||
Bayer AG (Pharmaceuticals) | 507,342 | 43,570 | ||||||||
Brenntag AG (Trading companies & distributors) | 106,747 | 13,663 | ||||||||
Deutsche Bank AG (Capital markets) | 324,024 | 12,802 | ||||||||
Deutsche Wohnen AG (Real estate management & development) | 213,848 | 3,756 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) | 222,985 | 25,887 | ||||||||
Gerry Weber International AG (Textiles, apparel & luxury goods) | 202,380 | 8,364 | ||||||||
MTU Aero Engines Holding AG (Aerospace & defense) | 206,300 | 16,476 | ||||||||
|
|
|||||||||
131,310 | ||||||||||
|
|
|||||||||
Ireland0.3% | ||||||||||
Paddy Power plc (Hotels, restaurants & leisure) | 107,227 | 7,955 | ||||||||
Shire plc (Pharmaceuticals) | 114,959 | 3,367 | ||||||||
|
|
|||||||||
11,322 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Europe35.9%(continued) | ||||||||||
Italy1.0% | ||||||||||
Azimut Holding SpA (Capital markets) | 456,949 | $ | 5,270 | |||||||
Intesa Sanpaolo SpA (Commercial banks) | 7,545,214 | 11,470 | ||||||||
Pirelli & C. SpA (Auto components) | 1,292,419 | 13,918 | ||||||||
Tods SpA (Textiles, apparel & luxury goods) | 45,709 | 4,940 | ||||||||
|
|
|||||||||
35,598 | ||||||||||
|
|
|||||||||
Netherlands4.2% | ||||||||||
ASML Holding N.V. (Semiconductors & semiconductor equipment) | 253,092 | 13,526 | ||||||||
Fugro N.V. (Energy equipment & services) | 213,732 | 14,535 | ||||||||
Royal Dutch Shell plc Class B (Oil, gas & consumable fuels) | 1,846,056 | 65,523 | ||||||||
Unilever N.V. (Food products) | 1,584,539 | 56,057 | ||||||||
|
|
|||||||||
149,641 | ||||||||||
|
|
|||||||||
Norway3.1% | ||||||||||
Fred Olsen Energy ASA (Energy equipment & services) | 151,247 | 6,759 | ||||||||
* |
Norwegian Air Shuttle ASA (Airlines) | 290,057 | 5,443 | |||||||
Schibsted ASA (Media) | 246,261 | 9,414 | ||||||||
Statoil ASA (Oil, gas & consumable fuels) | 2,301,412 | 59,414 | ||||||||
Telenor ASA (Diversified telecommunication services) | 1,482,233 | 28,900 | ||||||||
|
|
|||||||||
109,930 | ||||||||||
|
|
|||||||||
Spain1.7% | ||||||||||
* |
Banco Santander S.A. (Commercial banks) | 1,570,913 | 11,698 | |||||||
Bolsas y Mercados Espanoles S.A. (Diversified financial services) | 229,432 | 4,825 | ||||||||
Inditex S.A. (Specialty retail) | 306,501 | 38,060 | ||||||||
Viscofan S.A. (Food products) | 147,475 | 6,750 | ||||||||
|
|
|||||||||
61,333 | ||||||||||
|
|
|||||||||
Sweden2.3% | ||||||||||
Atlas Copco AB Class A (Machinery) | 1,464,748 | 34,184 | ||||||||
Axis Communications AB (Communications equipment) | 128,480 | 3,188 | ||||||||
Getinge AB (Health care equipment & supplies) | 1,045,632 | 31,550 | ||||||||
Hexpol AB (Chemicals) | 162,641 | 6,314 | ||||||||
JM AB (Household durables) | 276,947 | 5,059 | ||||||||
|
|
|||||||||
80,295 | ||||||||||
|
|
|||||||||
Switzerland6.0% | ||||||||||
Burckhardt Compression Holding AG (Machinery) | 934 | 277 | ||||||||
* |
Credit Suisse Group AG (Capital markets) | 773,717 | 16,396 | |||||||
* |
Geberit AG (Building products) | 110,349 | 23,994 | |||||||
Glencore International plc (Metals & mining) | 9,007,186 | 49,903 | ||||||||
Nestle S.A. (Food products) | 964,398 | 60,807 | ||||||||
Partners Group Holding AG (Capital markets) | 82,070 | 17,077 | ||||||||
SGS S.A. (Professional services) | 7,009 | 14,398 | ||||||||
Syngenta AG (Chemicals) | 72,020 | 26,917 | ||||||||
|
|
|||||||||
209,769 | ||||||||||
|
|
|||||||||
United Kingdom17.1% | ||||||||||
Abcam plc (Biotechnology) | 1,064,608 | 6,907 |
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
United Kingdom17.1%(continued) | ||||||||||
AMEC plc (Energy equipment & services) | 1,397,903 | $ | 25,869 | |||||||
Amlin plc (Insurance) | 1,951,309 | 12,714 | ||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) | 1,519,988 | 14,113 | ||||||||
Ashmore Group plc (Capital markets) | 2,755,555 | 15,151 | ||||||||
Babcock International Group plc (Commercial services & supplies) | 1,929,606 | 28,885 | ||||||||
Bunzl plc (Trading companies & distributors) | 589,974 | 10,565 | ||||||||
Croda International plc (Chemicals) | 179,049 | 7,011 | ||||||||
Derwent London plc (Real estate investment trusts (REITs)) | 353,711 | 11,172 | ||||||||
Diageo plc (Beverages) | 2,285,912 | 64,210 | ||||||||
Dunelm Group plc (Specialty retail) | 1,054,713 | 10,934 | ||||||||
Elementis plc (Chemicals) | 2,064,570 | 7,735 | ||||||||
Experian plc (Professional services) | 1,133,913 | 18,841 | ||||||||
Halma plc (Electronic equipment, instruments & components) | 1,395,399 | 9,552 | ||||||||
Hiscox, Ltd. (Insurance) | 966,795 | 7,587 | ||||||||
IG Group Holdings plc (Diversified financial services) | 1,307,916 | 9,420 | ||||||||
InterContinental Hotels Group plc (Hotels, restaurants & leisure) | 1,205,173 | 31,527 | ||||||||
ITV plc (Media) | 14,731,947 | 21,030 | ||||||||
John Wood Group plc (Energy equipment & services) | 1,189,484 | 15,434 | ||||||||
Johnson Matthey plc (Chemicals) | 561,239 | 21,869 | ||||||||
Jupiter Fund Management plc (Capital markets) | 1,584,911 | 6,237 | ||||||||
Lancashire Holdings, Ltd. (Insurance) | 1,112,139 | 14,789 | ||||||||
Meggitt plc (Aerospace & defense) | 1,960,915 | 12,504 | ||||||||
Moneysupermarket.com Group plc (Internet software & services) | 3,183,630 | 7,084 | ||||||||
* |
Ocado Group plc (Internet & catalog retail) | 3,897,689 | 4,060 | |||||||
Oxford Instruments plc (Electronic equipment, instruments & components) | 176,543 | 3,920 | ||||||||
Pearson plc (Media) | 441,425 | 8,625 | ||||||||
Prudential plc (Insurance) | 2,265,782 | 29,325 | ||||||||
Rightmove plc (Media) | 281,248 | 7,121 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) | 3,618,059 | 49,252 | |||||||
Rotork plc (Machinery) | 291,265 | 10,644 | ||||||||
RPS Group plc (Commercial services & supplies) | 1,085,160 | 4,363 | ||||||||
Scottish & Southern Energy plc (Electric utilities) | 1,672,086 | 37,585 | ||||||||
Spirax-Sarco Engineering plc (Machinery) | 207,996 | 7,023 | ||||||||
St Jamess Place plc (Insurance) | 939,343 | 5,568 | ||||||||
* |
The Berkeley Group Holdings plc (Household durables) | 896,218 | 20,348 | |||||||
Tullow Oil plc (Oil, gas & consumable fuels) | 736,087 | 16,284 | ||||||||
Victrex plc (Chemicals) | 384,405 | 8,206 | ||||||||
Wolseley plc (Trading companies & distributors) | 45,894 | 1,958 | ||||||||
|
|
|||||||||
605,422 | ||||||||||
|
|
|||||||||
Emerging Asia11.8% | ||||||||||
China2.1% | ||||||||||
China BlueChemical, Ltd. (Chemicals) | 13,738,000 | 8,132 | ||||||||
China Overseas Land & Investment, Ltd. (Real estate management & development) | 8,244,000 | 20,966 | ||||||||
Great Wall Motor Co., Ltd. Class H (Automobiles) | 5,351,000 | 14,112 | ||||||||
Haitian International Holdings, Ltd. (Machinery) | 3,219,000 | 3,653 | ||||||||
* |
Hollysys Automation Technologies, Ltd. (Electronic equipment, instruments & components) | 415,642 | 4,057 | |||||||
Lenovo Group, Ltd. (Computers & peripherals) | 17,462,000 | 14,458 | ||||||||
Spreadtrum Communications, Inc.ADR (Semiconductors & semiconductor equipment) | 260,729 | 5,361 |
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Asia11.8%(continued) | ||||||||||
China2.1%(continued) | ||||||||||
* |
WuXi PharmaTech Cayman, Inc.ADR (Life sciences tools & services) | 245,177 | $ | 3,660 | ||||||
|
|
|||||||||
74,399 | ||||||||||
|
|
|||||||||
India1.9% | ||||||||||
CRISIL, Ltd. (Diversified financial services) | 89,413 | 1,628 | ||||||||
IndusInd Bank, Ltd. (Commercial banks) | 641,637 | 4,322 | ||||||||
Ipca Laboratories, Ltd. (Pharmaceuticals) | 532,906 | 4,893 | ||||||||
Lupin, Ltd. (Pharmaceuticals) | 760,217 | 8,589 | ||||||||
Oberoi Realty, Ltd. (Real estate management & development) | 681,897 | 3,425 | ||||||||
Sun Pharmaceutical Industries, Ltd. (Pharmaceuticals) | 1,070,304 | 14,114 | ||||||||
Tata Motors, Ltd. (Automobiles) | 4,638,671 | 23,530 | ||||||||
Yes Bank, Ltd. (Commercial banks) | 938,920 | 6,801 | ||||||||
|
|
|||||||||
67,302 | ||||||||||
|
|
|||||||||
Indonesia1.5% | ||||||||||
PT Alam Sutera Realty Tbk (Real estate management & development) | 56,562,000 | 2,926 | ||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 17,844,000 | 13,891 | ||||||||
PT Kalbe Farma Tbk (Pharmaceuticals) | 21,239,000 | 10,431 | ||||||||
PT Media Nusantara Citra Tbk (Media) | 22,802,500 | 6,195 | ||||||||
PT United Tractors Tbk (Machinery) | 7,173,606 | 15,517 | ||||||||
PT XL Axiata Tbk (Diversified telecommunication services) | 3,169,500 | 2,202 | ||||||||
|
|
|||||||||
51,162 | ||||||||||
|
|
|||||||||
Philippines0.3% | ||||||||||
International Container Terminal Services, Inc. (Transportation infrastructure) | 2,173,320 | 3,668 | ||||||||
SM Prime Holdings, Inc. (Real estate management & development) | 20,692,350 | 7,044 | ||||||||
|
|
|||||||||
10,712 | ||||||||||
|
|
|||||||||
South Korea4.4% | ||||||||||
Celltrion, Inc. (Pharmaceuticals) | 463,982 | 11,689 | ||||||||
Hana Financial Group, Inc. (Commercial banks) | 658,370 | 20,170 | ||||||||
Hyundai Motor Co. (Automobiles) | 187,748 | 42,569 | ||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 56,606 | 68,553 | ||||||||
Samsung Fire & Marine Insurance Co., Ltd. (Insurance) | 53,310 | 11,464 | ||||||||
|
|
|||||||||
154,445 | ||||||||||
|
|
|||||||||
Taiwan0.3% | ||||||||||
Asustek Computer, Inc. (Computers & peripherals) | 1,122,000 | 12,191 | ||||||||
|
|
|||||||||
Thailand1.3% | ||||||||||
Advanced Info Service PCL (Wireless telecommunication services) | 2,628,400 | 18,274 | ||||||||
BEC World PCL (Media) | 3,215,100 | 7,991 | ||||||||
Kasikornbank PCL (Commercial banks) | 3,214,000 | 19,056 | ||||||||
|
|
|||||||||
45,321 | ||||||||||
|
|
|||||||||
Japan10.8% | ||||||||||
Ain Pharmaciez, Inc. (Food & staples retailing) | 72,000 | 5,139 | ||||||||
Arnest One Corporation (Household durables) | 301,400 | 4,650 | ||||||||
Cosmos Pharmaceutical Corporation (Food & staples retailing) | 16,400 | 1,507 |
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Japan10.8%(continued) | ||||||||||
Daito Trust Construction Co., Ltd. (Real estate management & development) | 170,100 | $ | 17,110 | |||||||
FamilyMart Co., Ltd. (Food & staples retailing) | 355,100 | 17,473 | ||||||||
Fast Retailing Co., Ltd. (Specialty retail) | 118,600 | 27,583 | ||||||||
Lawson, Inc. (Food & staples retailing) | 234,400 | 18,022 | ||||||||
Miraca Holdings, Inc. (Health care providers & services) | 143,900 | 6,463 | ||||||||
* |
Nexon Co., Ltd. (Software) | 179,600 | 2,469 | |||||||
Nikon Corporation (Leisure equipment & products) | 1,531,400 | 42,151 | ||||||||
Nitori Co., Ltd. (Specialty retail) | 259,020 | 24,063 | ||||||||
ORIX Corporation (Diversified financial services) | 585,070 | 58,777 | ||||||||
Shimamura Co., Ltd. (Specialty retail) | 76,200 | 8,876 | ||||||||
Ship Healthcare Holdings, Inc. (Health care providers & services) | 209,200 | 6,680 | ||||||||
Softbank Corporation (Wireless telecommunication services) | 827,200 | 33,495 | ||||||||
Sumitomo Mitsui Financial Group, Inc. (Commercial banks) | 2,257,700 | 70,589 | ||||||||
Sumitomo Realty & Development Co., Ltd. (Real estate management & development) | 658,000 | 17,470 | ||||||||
Sundrug Co., Ltd. (Food & staples retailing) | 97,900 | 3,555 | ||||||||
Suruga Bank, Ltd. (Commercial banks) | 713,000 | 8,086 | ||||||||
Tsuruha Holdings, Inc. (Food & staples retailing) | 56,000 | 4,191 | ||||||||
United Arrows, Ltd. (Specialty retail) | 159,000 | 4,250 | ||||||||
|
|
|||||||||
382,599 | ||||||||||
|
|
|||||||||
Emerging Latin America6.5% | ||||||||||
Brazil3.5% | ||||||||||
BR Malls Participacoes S.A. (Real estate management & development) | 972,900 | 13,510 | ||||||||
BR Properties S.A. (Real estate management & development) | 826,100 | 10,778 | ||||||||
CETIP S.A. - Balcao Organizado de Ativos e Derivativos (Capital markets) | 493,701 | 6,478 | ||||||||
Cia de Concessoes Rodoviarias (Transportation infrastructure) | 1,858,300 | 16,821 | ||||||||
Cia Hering (Specialty retail) | 613,300 | 13,865 | ||||||||
Cielo S.A. (IT services) | 459,800 | 11,474 | ||||||||
OdontoPrev S.A. (Health care providers & services) | 871,000 | 4,876 | ||||||||
* |
Qualicorp S.A. (Professional services) | 402,100 | 3,927 | |||||||
T4F Entretenimento S.A. (Media) | 588,300 | 4,092 | ||||||||
Tractebel Energia S.A. (Independent power producers & energy traders) | 515,300 | 8,134 | ||||||||
Vale S.A.ADR (Metals & mining) | 1,378,428 | 24,674 | ||||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. (Commercial services & supplies) |
233,400 | 4,369 | ||||||||
|
|
|||||||||
122,998 | ||||||||||
|
|
|||||||||
Chile1.5% | ||||||||||
CFR Pharmaceuticals S.A. (Pharmaceuticals) | 25,172,657 | 5,944 | ||||||||
ENTEL Chile S.A. (Wireless telecommunication services) | 623,984 | 13,008 | ||||||||
* |
Inversiones La Construccion S.A. (Diversified financial services) | 219,274 | 3,541 | |||||||
Parque Arauco S.A. (Real estate management & development) | 5,332,669 | 10,983 | ||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 229,017 | 14,117 | ||||||||
Sonda S.A. (IT services) | 1,603,692 | 4,818 | ||||||||
|
|
|||||||||
52,411 | ||||||||||
|
|
|||||||||
Colombia0.8% | ||||||||||
Ecopetrol S.A. (Oil, gas & consumable fuels) | 9,416,828 | 27,731 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Latin America6.5%(continued) | ||||||||||
Mexico0.4% | ||||||||||
Grupo Mexico S.A.B. de C.V. Series B (Metals & mining) | 4,791,800 | $ | 15,836 | |||||||
|
|
|||||||||
Panama0.3% | ||||||||||
Copa Holdings S.A. (Airlines) | 121,928 | 9,909 | ||||||||
|
|
|||||||||
Asia6.2% | ||||||||||
Australia2.1% | ||||||||||
BHP Billiton, Ltd. (Metals & mining) | 509,059 | 17,447 | ||||||||
Cochlear, Ltd. (Health care equipment & supplies) | 148,101 | 10,316 | ||||||||
Telstra Corporation, Ltd. (Diversified telecommunication services) | 11,875,798 | 48,289 | ||||||||
|
|
|||||||||
76,052 | ||||||||||
|
|
|||||||||
Hong Kong2.1% | ||||||||||
AIA Group, Ltd. (Insurance) | 12,072,600 | 44,996 | ||||||||
China High Precision Automation Group, Ltd. (Electronic equipment, instruments & components)**§ |
6,597,000 | 1,055 | ||||||||
Hutchison Telecommunications Hong Kong Holdings, Ltd. (Diversified telecommunication services) |
19,830,000 | 8,772 | ||||||||
Sa Sa International Holdings, Ltd. (Specialty retail) |
7,000,000 | 4,803 | ||||||||
SmarTone Telecommunications Holdings, Ltd. (Wireless telecommunication services) |
4,916,000 | 9,801 | ||||||||
Value Partners Group, Ltd. (Capital markets) |
7,631,000 | 3,730 | ||||||||
|
|
|||||||||
73,157 | ||||||||||
|
|
|||||||||
Singapore2.0% | ||||||||||
First Resources, Ltd. (Food products) | 1,486,000 | 2,555 | ||||||||
Global Logistic Properties, Ltd. (Real estate management & development) | 13,465,000 | 27,540 | ||||||||
Keppel Corporation, Ltd. (Industrial conglomerates) | 4,237,300 | 39,362 | ||||||||
|
|
|||||||||
69,457 | ||||||||||
|
|
|||||||||
Western Hemisphere5.7% | ||||||||||
Bermuda0.7% | ||||||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 329,395 | 25,377 | ||||||||
|
|
|||||||||
Canada5.0% | ||||||||||
Alimentation Couche Tard, Inc. (Food & staples retailing) | 373,255 | 17,154 | ||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) |
1,350,826 | 46,617 | ||||||||
Canadian National Railway Co. (Road & rail) | 376,747 | 33,240 | ||||||||
CI Financial Corporation (Capital markets) | 639,159 | 14,771 | ||||||||
Dollarama, Inc. (Multiline retail) | 163,177 | 10,415 | ||||||||
Metro, Inc. (Food & staples retailing) | 323,106 | 19,194 | ||||||||
Peyto Exploration & Development Corporation (Oil, gas & consumable fuels) | 885,054 | 21,805 | ||||||||
* |
Precision Drilling Corporation (Energy equipment & services) | 1,577,722 | 12,405 | |||||||
|
|
|||||||||
175,601 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Europe, Mid-East, Africa3.4% | ||||||||||
Nigeria0.2% | ||||||||||
Guaranty Trust Bank plc (Commercial banks) | 60,086,492 | $ | 7,320 | |||||||
|
|
|||||||||
South Africa2.7% | ||||||||||
* |
Aspen Pharmacare Holdings, Ltd. (Pharmaceuticals) | 979,984 | 16,838 | |||||||
Bidvest Group, Ltd. (Industrial conglomerates) | 731,280 | 18,100 | ||||||||
FirstRand, Ltd. (Diversified financial services) | 6,036,275 | 20,227 | ||||||||
Life Healthcare Group Holdings Pte, Ltd. (Health care providers & services) | 2,032,785 | 7,755 | ||||||||
Naspers, Ltd. (Media) | 323,505 | 20,016 | ||||||||
The Foschini Group, Ltd. (Specialty retail) | 190,346 | 2,893 | ||||||||
Tiger Brands, Ltd. (Food products) | 325,777 | 10,690 | ||||||||
|
|
|||||||||
96,519 | ||||||||||
|
|
|||||||||
Turkey0.3% | ||||||||||
Turkiye Halk Bankasi A.S. (Commercial banks) | 1,435,993 | 11,186 | ||||||||
|
|
|||||||||
United Arab Emirates0.2% | ||||||||||
First Gulf Bank PJSC (Commercial banks) | 1,953,569 | 5,292 | ||||||||
|
|
|||||||||
Total Common Stocks97.4%
|
3,441,196 | |||||||||
|
|
|||||||||
Convertible Bond | ||||||||||
Brazil0.0% | ||||||||||
Lupatech S.A., 6.500%, due 4/15/18 (Machinery)**§ | $ | 2,875 | 782 | |||||||
|
|
|||||||||
Total Convertible Bond0.0%
|
782 | |||||||||
|
|
|||||||||
Exchange-Traded Fund | ||||||||||
China0.4% | ||||||||||
iShares FTSE A50 China Index | 10,683,010 | 13,419 | ||||||||
|
|
|||||||||
Total Exchange-Traded Fund0.4%
|
13,419 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $83,434, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 83,433 | 83,433 | |||||||
|
|
|||||||||
Total Repurchase Agreement2.3%
|
83,433 | |||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Total Investments100.1%
|
3,538,830 | |||||
Liabilities, plus cash and other assets(0.1)% | (5,164 | ) | ||||
|
|
|||||
Net assets100.0% | $ | 3,533,666 | ||||
|
|
ADR = American Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. These holdings represent 0.05% of the Funds net assets at September 30, 2012.
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. These holdings represent 0.05% of the net assets at September 30, 2012.
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
26.4 | % | ||
Consumer Discretionary |
14.7 | % | ||
Industrials |
13.9 | % | ||
Health Care |
9.2 | % | ||
Consumer Staples |
8.5 | % | ||
Energy |
7.8 | % | ||
Materials |
6.9 | % | ||
Information Technology |
5.5 | % | ||
Telecommunication Services |
5.4 | % | ||
Utilities |
1.3 | % | ||
Exchange-Traded Funds |
0.4 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Euro |
22.3 | % | ||
British Pound Sterling |
20.9 | % | ||
Japanese Yen |
11.1 | % | ||
Swiss Franc |
4.6 | % | ||
U.S. Dollar |
4.6 | % | ||
Hong Kong Dollar |
4.5 | % | ||
South Korean Won |
4.5 | % | ||
Norwegian Krone |
3.2 | % | ||
Brazilian Real |
2.9 | % | ||
South African Rand |
2.8 | % | ||
Canadian Dollar |
2.8 | % | ||
Swedish Krona |
2.3 | % | ||
Australian Dollar |
2.2 | % | ||
Singapore Dollar |
2.0 | % | ||
Indian Rupee |
1.9 | % | ||
Indonesian Rupiah |
1.5 | % | ||
Thai Baht |
1.3 | % | ||
Chilean Peso |
1.1 | % | ||
All Other Currencies |
3.5 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
International Leaders Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Europe, Mid-East41.3% | ||||||||||
Denmark3.4% | ||||||||||
Coloplast A/S Class B (Health care equipment & supplies) | 187 | $ | 39 | |||||||
Novo Nordisk A/S Class B (Pharmaceuticals) | 566 | 89 | ||||||||
|
|
|||||||||
128 | ||||||||||
|
|
|||||||||
France10.1% | ||||||||||
Arkema S.A. (Chemicals) | 641 | 60 | ||||||||
BNP Paribas S.A. (Commercial banks) | 2,447 | 116 | ||||||||
Dassault Systemes S.A. (Software) | 642 | 68 | ||||||||
Sanofi (Pharmaceuticals) | 927 | 79 | ||||||||
Technip S.A. (Energy equipment & services) | 549 | 61 | ||||||||
|
|
|||||||||
384 | ||||||||||
|
|
|||||||||
Germany8.0% | ||||||||||
Bayerische Motoren Werke AG (Automobiles) | 998 | 73 | ||||||||
Brenntag AG (Trading companies & distributors) | 340 | 43 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) | 739 | 86 | ||||||||
SAP AG (Software) | 1,436 | 102 | ||||||||
|
|
|||||||||
304 | ||||||||||
|
|
|||||||||
Israel1.4% | ||||||||||
* |
Check Point Software Technologies, Ltd. (Software) | 1,159 | 56 | |||||||
|
|
|||||||||
Netherlands4.4% | ||||||||||
Royal Dutch Shell plc Class B (Oil, gas & consumable fuels) | 2,333 | 83 | ||||||||
Unilever N.V. (Food products) | 2,370 | 84 | ||||||||
|
|
|||||||||
167 | ||||||||||
|
|
|||||||||
Norway1.8% | ||||||||||
Statoil ASA (Oil, gas & consumable fuels) | 2,737 | 71 | ||||||||
|
|
|||||||||
Spain2.0% | ||||||||||
Inditex S.A. (Specialty retail) | 604 | 75 | ||||||||
|
|
|||||||||
Sweden1.9% | ||||||||||
Atlas Copco AB Class A (Machinery) | 3,069 | 71 | ||||||||
|
|
|||||||||
Switzerland8.3% | ||||||||||
* |
Geberit AG (Building products) | 255 | 56 | |||||||
Glencore International plc (Metals & mining) | 13,357 | 74 | ||||||||
* |
Lindt & Spruengli AG (Food products) | 1 | 36 | |||||||
Partners Group Holding AG (Capital markets) | 280 | 58 | ||||||||
Syngenta AG (Chemicals) | 244 | 91 | ||||||||
|
|
|||||||||
315 | ||||||||||
|
|
|||||||||
United Kingdom21.8% | ||||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) | 6,056 | 56 | ||||||||
Babcock International Group plc (Commercial services & supplies) | 3,080 | 46 | ||||||||
BG Group plc (Oil, gas & consumable fuels) | 3,060 | 62 | ||||||||
British American Tobacco plc (Tobacco) | 1,093 | 56 | ||||||||
Burberry Group plc (Textiles, apparel & luxury goods) | 1,291 | 21 |
See accompanying Notes to Portfolio of Investments.
International Leaders Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
United Kingdom21.8%(continued) | ||||||||||
Compass Group plc (Hotels, restaurants & leisure) | 6,653 | $ | 73 | |||||||
Diageo plc (Beverages) | 2,738 | 77 | ||||||||
Experian plc (Professional services) | 2,366 | 39 | ||||||||
InterContinental Hotels Group plc (Hotels, restaurants & leisure) | 2,098 | 55 | ||||||||
John Wood Group plc (Energy equipment & services) | 3,645 | 47 | ||||||||
Johnson Matthey plc (Chemicals) | 1,658 | 65 | ||||||||
Pearson plc (Media) | 3,300 | 64 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) | 4,120 | 56 | |||||||
* |
The Berkeley Group Holdings plc (Household durables) | 1,833 | 42 | |||||||
The Weir Group plc (Machinery) | 1,841 | 53 | ||||||||
Wolseley plc (Trading companies & distributors) | 367 | 16 | ||||||||
|
|
|||||||||
828 | ||||||||||
|
|
|||||||||
Emerging Asia9.0% | ||||||||||
China5.3% | ||||||||||
* |
Baidu, Inc.ADR (Internet software & services) | 557 | 65 | |||||||
China Mobile, Ltd. (Wireless telecommunication services) | 6,500 | 72 | ||||||||
* |
NetEase, Inc.ADR (Internet software & services) | 1,150 | 65 | |||||||
|
|
|||||||||
202 | ||||||||||
|
|
|||||||||
Indonesia1.5% | ||||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 71,000 | 55 | ||||||||
|
|
|||||||||
South Korea2.2% | ||||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 70 | 85 | ||||||||
|
|
|||||||||
Japan9.0% | ||||||||||
Daito Trust Construction Co., Ltd. (Real estate management & development) | 300 | 30 | ||||||||
Fanuc Corporation (Machinery) | 300 | 49 | ||||||||
Nikon Corporation (Leisure equipment & products) | 2,300 | 63 | ||||||||
ORIX Corporation (Diversified financial services) | 980 | 99 | ||||||||
Softbank Corporation (Wireless telecommunication services) | 2,500 | 101 | ||||||||
|
|
|||||||||
342 | ||||||||||
|
|
|||||||||
Canada4.3% | ||||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) | 2,247 | 77 | ||||||||
The Toronto-Dominion Bank (Commercial banks) | 1,030 | 86 | ||||||||
|
|
|||||||||
163 | ||||||||||
|
|
|||||||||
Asia4.1% | ||||||||||
Hong Kong4.1% | ||||||||||
AIA Group, Ltd. (Insurance) | 26,400 | 98 | ||||||||
ASM Pacific Technology, Ltd. (Semiconductors & semiconductor equipment) | 4,900 | 58 | ||||||||
|
|
|||||||||
156 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Leaders Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Latin America3.7% | ||||||||||
Argentina0.9% | ||||||||||
MercadoLibre, Inc. (Internet software & services) | 420 | $ | 35 | |||||||
|
|
|||||||||
Brazil1.1% | ||||||||||
BR Malls Participacoes S.A. (Real estate management & development) | 3,000 | 42 | ||||||||
|
|
|||||||||
Peru1.7% | ||||||||||
Credicorp, Ltd. (Commercial banks) | 507 | 63 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa3.3% | ||||||||||
South Africa3.3% | ||||||||||
* |
Aspen Pharmacare Holdings, Ltd. (Pharmaceuticals) | 1,617 | 28 | |||||||
Discovery Holdings, Ltd. (Insurance) | 6,775 | 45 | ||||||||
FirstRand, Ltd. (Diversified financial services) | 16,249 | 54 | ||||||||
|
|
|||||||||
127 | ||||||||||
|
|
|||||||||
Total Common Stocks96.5%
|
3,669 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $151, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 151 | 151 | |||||||
|
|
|||||||||
Total Repurchase Agreement4.0%
|
151 | |||||||||
|
|
|||||||||
Total Investments100.5%
|
3,820 | |||||||||
Liabilities, plus cash and other assets(0.5)% | (20 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 3,800 | ||||||||
|
|
ADR = American Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
International Leaders Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories:
Financials |
22.4 | % | ||
Information Technology |
16.1 | % | ||
Consumer Discretionary |
12.7 | % | ||
Industrials |
11.7 | % | ||
Energy |
8.8 | % | ||
Health Care |
8.8 | % | ||
Materials |
7.9 | % | ||
Consumer Staples |
6.9 | % | ||
Telecommunication Services |
4.7 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
British Pound Sterling |
26.9 | % | ||
Euro |
23.1 | % | ||
U.S. Dollar |
9.8 | % | ||
Japanese Yen |
9.3 | % | ||
Swiss Franc |
6.6 | % | ||
Hong Kong Dollar |
6.2 | % | ||
Danish Krone |
3.5 | % | ||
South African Rand |
3.5 | % | ||
Canadian Dollar |
2.3 | % | ||
South Korean Won |
2.3 | % | ||
Norwegian Krone |
1.9 | % | ||
Swedish Krona |
1.9 | % | ||
Indonesian Rupiah |
1.5 | % | ||
Brazilian Real |
1.2 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Europe42.5% | ||||||||||
Denmark2.2% | ||||||||||
Novo Nordisk A/S Class B (Pharmaceuticals) | 9,289 | $ | 1,467 | |||||||
|
|
|||||||||
France12.6% | ||||||||||
AXA S.A. (Insurance) | 54,063 | 805 | ||||||||
BNP Paribas S.A. (Commercial banks) | 20,411 | 970 | ||||||||
Christian Dior S.A. (Textiles, apparel & luxury goods) | 6,049 | 812 | ||||||||
Dassault Systemes S.A. (Software) | 9,371 | 985 | ||||||||
Essilor International S.A. (Health care equipment & supplies) | 14,767 | 1,383 | ||||||||
LOreal S.A. (Personal products) | 6,801 | 841 | ||||||||
Sanofi (Pharmaceuticals) | 17,128 | 1,460 | ||||||||
Technip S.A. (Energy equipment & services) | 6,944 | 772 | ||||||||
Unibail-Rodamco SE (Real estate investment trusts (REITs)) | 2,566 | 511 | ||||||||
|
|
|||||||||
8,539 | ||||||||||
|
|
|||||||||
Germany8.2% | ||||||||||
BASF SE (Chemicals) | 14,936 | 1,260 | ||||||||
Bayer AG (Pharmaceuticals) | 15,499 | 1,331 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) | 13,808 | 1,603 | ||||||||
SAP AG (Software) | 19,450 | 1,378 | ||||||||
|
|
|||||||||
5,572 | ||||||||||
|
|
|||||||||
Ireland4.6% | ||||||||||
Accenture plc Class A (IT services) | 16,569 | 1,160 | ||||||||
* |
Ryanair Holdings plcADR (Airlines) | 25,846 | 834 | |||||||
Shire plc (Pharmaceuticals) | 39,009 | 1,143 | ||||||||
|
|
|||||||||
3,137 | ||||||||||
|
|
|||||||||
Italy1.1% | ||||||||||
Saipem SpA (Energy equipment & services) | 16,185 | 777 | ||||||||
|
|
|||||||||
Netherlands2.2% | ||||||||||
Unilever N.V. (Food products) | 42,502 | 1,504 | ||||||||
|
|
|||||||||
Norway1.6% | ||||||||||
Telenor ASA (Diversified telecommunication services) | 54,591 | 1,064 | ||||||||
|
|
|||||||||
Spain1.8% | ||||||||||
Inditex S.A. (Specialty retail) | 9,704 | 1,205 | ||||||||
|
|
|||||||||
Sweden1.4% | ||||||||||
Atlas Copco AB Class A (Machinery) | 39,265 | 916 | ||||||||
|
|
|||||||||
Switzerland6.8% | ||||||||||
* |
Geberit AG (Building products) | 4,701 | 1,022 | |||||||
Nestle S.A. (Food products) | 16,538 | 1,043 | ||||||||
Roche Holding AG (Pharmaceuticals) | 5,039 | 941 | ||||||||
Syngenta AG (Chemicals) | 4,187 | 1,565 | ||||||||
|
|
|||||||||
4,571 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
United Kingdom21.2% | ||||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) | 56,906 | $ | 528 | |||||||
BG Group plc (Oil, gas & consumable fuels) | 50,151 | 1,012 | ||||||||
Burberry Group plc (Textiles, apparel & luxury goods) | 43,261 | 699 | ||||||||
Compass Group plc (Hotels, restaurants & leisure) | 137,639 | 1,519 | ||||||||
Diageo plc (Beverages) | 49,825 | 1,400 | ||||||||
Experian plc (Professional services) | 60,861 | 1,011 | ||||||||
InterContinental Hotels Group plc (Hotels, restaurants & leisure) | 28,268 | 740 | ||||||||
John Wood Group plc (Energy equipment & services) | 76,934 | 998 | ||||||||
Johnson Matthey plc (Chemicals) | 27,397 | 1,068 | ||||||||
Pearson plc (Media) | 69,052 | 1,349 | ||||||||
Prudential plc (Insurance) | 85,598 | 1,108 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) | 106,368 | 1,448 | |||||||
Tullow Oil plc (Oil, gas & consumable fuels) | 28,788 | 637 | ||||||||
Wolseley plc (Trading companies & distributors) | 20,052 | 855 | ||||||||
|
|
|||||||||
14,372 | ||||||||||
|
|
|||||||||
Japan11.5% | ||||||||||
Chiyoda Corporation (Construction & engineering) | 39,000 | 606 | ||||||||
Daito Trust Construction Co., Ltd. (Real estate management & development) | 11,800 | 1,187 | ||||||||
FamilyMart Co., Ltd. (Food & staples retailing) | 19,700 | 969 | ||||||||
Keyence Corporation (Electronic equipment, instruments & components) | 3,300 | 846 | ||||||||
Nikon Corporation (Leisure equipment & products) | 27,900 | 768 | ||||||||
Nitori Co., Ltd. (Specialty retail) | 7,350 | 683 | ||||||||
ORIX Corporation (Diversified financial services) | 10,180 | 1,023 | ||||||||
Sumitomo Mitsui Financial Group, Inc. (Commercial banks) | 34,900 | 1,091 | ||||||||
Suruga Bank, Ltd. (Commercial banks) | 53,000 | 601 | ||||||||
|
|
|||||||||
7,774 | ||||||||||
|
|
|||||||||
Canada6.6% | ||||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) | 32,501 | 1,121 | ||||||||
Canadian National Railway Co. (Road & rail) | 10,944 | 965 | ||||||||
Goldcorp, Inc. (Metals & mining) | 16,044 | 736 | ||||||||
The Toronto-Dominion Bank (Commercial banks) | 19,541 | 1,630 | ||||||||
|
|
|||||||||
4,452 | ||||||||||
|
|
|||||||||
Emerging Asia6.2% | ||||||||||
China2.6% | ||||||||||
China Mobile, Ltd. (Wireless telecommunication services) | 88,000 | 976 | ||||||||
CNOOC, Ltd. (Oil, gas & consumable fuels) | 363,000 | 744 | ||||||||
|
|
|||||||||
1,720 | ||||||||||
|
|
|||||||||
India0.8% | ||||||||||
Tata Consultancy Services, Ltd. (IT services) | 23,025 | 566 | ||||||||
|
|
|||||||||
Papua New Guinea0.8% | ||||||||||
Oil Search, Ltd. (Oil, gas & consumable fuels) | 71,614 | 551 | ||||||||
|
|
|||||||||
South Korea2.0% | ||||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 1,127 | 1,365 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Asia5.3% | ||||||||||
Australia1.6% | ||||||||||
BHP Billiton, Ltd.ADR (Metals & mining) | 15,765 | $ | 1,082 | |||||||
|
|
|||||||||
Hong Kong2.2% | ||||||||||
AIA Group, Ltd. (Insurance) | 394,000 | 1,468 | ||||||||
|
|
|||||||||
Singapore1.5% | ||||||||||
Keppel Corporation, Ltd. (Industrial conglomerates) | 109,000 | 1,013 | ||||||||
|
|
|||||||||
Emerging Latin America4.0% | ||||||||||
Brazil0.9% | ||||||||||
Embraer S.A.ADR (Aerospace & defense) | 23,399 | 623 | ||||||||
|
|
|||||||||
Chile1.6% | ||||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 17,516 | 1,080 | ||||||||
|
|
|||||||||
Panama1.5% | ||||||||||
Copa Holdings S.A. (Airlines) | 11,924 | 969 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa1.6% | ||||||||||
South Africa1.6% | ||||||||||
FirstRand, Ltd. (Diversified financial services) | 326,694 | 1,095 | ||||||||
|
|
|||||||||
Total Common Stocks98.9%
|
66,882 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $606, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 606 | 606 | |||||||
|
|
|||||||||
Total Repurchase Agreement0.9%
|
606 | |||||||||
|
|
|||||||||
Total Investments99.8%
|
67,488 | |||||||||
Cash and other assets, less liabilities0.2% | 153 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 67,641 | ||||||||
|
|
ADR = American Depository Receipt
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
19.0 | % | ||
Industrials |
15.3 | % | ||
Health Care |
13.9 | % | ||
Consumer Discretionary |
11.6 | % | ||
Information Technology |
10.2 | % | ||
Materials |
10.2 | % | ||
Consumer Staples |
8.6 | % | ||
Energy |
8.2 | % | ||
Telecommunication Services |
3.0 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Euro |
26.3 | % | ||
British Pound Sterling |
23.2 | % | ||
U.S. Dollar |
12.8 | % | ||
Japanese Yen |
11.6 | % | ||
Swiss Franc |
6.8 | % | ||
Hong Kong Dollar |
4.8 | % | ||
Canadian Dollar |
2.4 | % | ||
Danish Krone |
2.2 | % | ||
South Korean Won |
2.1 | % | ||
South African Rand |
1.6 | % | ||
Norwegian Krone |
1.6 | % | ||
Singapore Dollar |
1.5 | % | ||
Swedish Krona |
1.4 | % | ||
All Other Currencies |
1.7 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Europe27.2% | ||||||||||
Denmark2.1% | ||||||||||
CHR Hansen Holding A/S (Chemicals) | 341,145 | $ | 10,279 | |||||||
GN Store Nord A/S (Health care equipment & supplies) | 284,903 | 4,383 | ||||||||
|
|
|||||||||
14,662 | ||||||||||
|
|
|||||||||
France0.5% | ||||||||||
CFAO S.A. (Distributors) | 68,038 | 3,259 | ||||||||
|
|
|||||||||
Germany7.9% | ||||||||||
Aixtron AG (Semiconductors & semiconductor equipment) | 242,049 | 3,227 | ||||||||
ElringKlinger AG (Auto components) | 246,973 | 6,535 | ||||||||
Gerry Weber International AG (Textiles, apparel & luxury goods) | 145,938 | 6,031 | ||||||||
MTU Aero Engines Holding AG (Aerospace & defense) | 169,142 | 13,508 | ||||||||
Pfeiffer Vacuum Technology AG (Machinery) | 69,201 | 7,391 | ||||||||
Wincor Nixdorf AG (Computers & peripherals) | 264,500 | 10,343 | ||||||||
Wirecard AG (IT services) | 329,073 | 7,557 | ||||||||
|
|
|||||||||
54,592 | ||||||||||
|
|
|||||||||
Ireland2.0% | ||||||||||
Paddy Power plc (Hotels, restaurants & leisure) | 185,349 | 13,750 | ||||||||
|
|
|||||||||
Italy4.5% | ||||||||||
Azimut Holding SpA (Capital markets) | 253,060 | 2,919 | ||||||||
DeLonghi SpA (Household durables) | 391,776 | 4,581 | ||||||||
Recordati SpA (Pharmaceuticals) | 889,616 | 6,322 | ||||||||
Salvatore Ferragamo Italia SpA (Textiles, apparel & luxury goods) | 408,774 | 8,504 | ||||||||
Tods SpA (Textiles, apparel & luxury goods) | 53,567 | 5,789 | ||||||||
* |
Yoox SpA (Internet & catalog retail) | 264,134 | 3,381 | |||||||
|
|
|||||||||
31,496 | ||||||||||
|
|
|||||||||
Norway2.9% | ||||||||||
Fred Olsen Energy ASA (Energy equipment & services) | 120,136 | 5,368 | ||||||||
Opera Software ASA (Internet software & services) | 698,465 | 4,475 | ||||||||
Schibsted ASA (Media) | 271,063 | 10,362 | ||||||||
|
|
|||||||||
20,205 | ||||||||||
|
|
|||||||||
Spain2.3% | ||||||||||
Viscofan S.A. (Food products) | 341,795 | 15,645 | ||||||||
|
|
|||||||||
Sweden3.7% | ||||||||||
Axis Communications AB (Communications equipment) | 351,804 | 8,730 | ||||||||
Hexpol AB (Chemicals) | 119,007 | 4,620 | ||||||||
JM AB (Household durables) | 280,780 | 5,129 | ||||||||
Mekonomen AB (Specialty retail) | 130,585 | 3,866 | ||||||||
NIBE Industrier AB (Building products) | 211,658 | 3,488 | ||||||||
|
|
|||||||||
25,833 | ||||||||||
|
|
|||||||||
Switzerland1.3% | ||||||||||
Burckhardt Compression Holding AG (Machinery) | 5,901 | 1,752 |
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Europe27.2%(continued) | ||||||||||
Switzerland1.3%(continued) | ||||||||||
Partners Group Holding AG (Capital markets) | 36,436 | $ | 7,582 | |||||||
|
|
|||||||||
9,334 | ||||||||||
|
|
|||||||||
United Kingdom22.8% | ||||||||||
Abcam plc (Biotechnology) | 962,205 | 6,242 | ||||||||
* |
ASOS plc (Internet & catalog retail) | 118,426 | 4,201 | |||||||
Aveva Group plc (Software) | 328,731 | 10,442 | ||||||||
Booker Group plc (Food & staples retailing) | 8,352,829 | 12,591 | ||||||||
Croda International plc (Chemicals) | 353,934 | 13,860 | ||||||||
Debenhams plc (Multiline retail) | 4,973,534 | 8,224 | ||||||||
Dominos Pizza Group plc (Hotels, restaurants & leisure) | 521,560 | 4,472 | ||||||||
Dunelm Group plc (Specialty retail) | 602,874 | 6,250 | ||||||||
Elementis plc (Chemicals) | 669,062 | 2,507 | ||||||||
Fidessa Group plc (Software) | 122,805 | 2,917 | ||||||||
Halma plc (Electronic equipment, instruments & components) | 878,060 | 6,010 | ||||||||
Hiscox, Ltd. (Insurance) | 488,558 | 3,834 | ||||||||
IG Group Holdings plc (Diversified financial services) | 1,272,904 | 9,167 | ||||||||
* |
Imagination Technologies Group plc (Computers & peripherals) | 903,107 | 6,927 | |||||||
Lancashire Holdings, Ltd. (Insurance) | 927,090 | 12,328 | ||||||||
Moneysupermarket.com Group plc (Internet software & services) | 3,000,859 | 6,678 | ||||||||
Oxford Instruments plc (Electronic equipment, instruments & components) | 117,666 | 2,613 | ||||||||
RPS Group plc (Commercial services & supplies) | 896,603 | 3,605 | ||||||||
* |
Salamander Energy plc (Oil, gas & consumable fuels) | 1,680,109 | 5,426 | |||||||
Spirax-Sarco Engineering plc (Machinery) | 211,563 | 7,144 | ||||||||
* |
Sports Direct International plc (Specialty retail) | 901,162 | 5,007 | |||||||
St Jamess Place plc (Insurance) | 636,618 | 3,774 | ||||||||
Synergy Health plc (Health care providers & services) | 207,366 | 3,081 | ||||||||
Telecity Group plc (Internet software & services) | 491,879 | 7,113 | ||||||||
Victrex plc (Chemicals) | 174,998 | 3,736 | ||||||||
|
|
|||||||||
158,149 | ||||||||||
|
|
|||||||||
Japan16.6% | ||||||||||
Ain Pharmaciez, Inc. (Food & staples retailing) | 112,400 | 8,022 | ||||||||
Chiyoda Corporation (Construction & engineering) | 679,000 | 10,563 | ||||||||
Cosmos Pharmaceutical Corporation (Food & staples retailing) | 79,000 | 7,258 | ||||||||
CyberAgent, Inc. (Media) | 2,239 | 4,832 | ||||||||
F.C.C. Co., Ltd. (Auto components) | 326,709 | 5,254 | ||||||||
FamilyMart Co., Ltd. (Food & staples retailing) | 260,800 | 12,833 | ||||||||
Kakaku.com, Inc. (Internet software & services) | 93,000 | 3,500 | ||||||||
M3, Inc. (Health care technology) | 2,436 | 4,629 | ||||||||
Miraca Holdings, Inc. (Health care providers & services) | 262,600 | 11,794 | ||||||||
MISUMI Group, Inc. (Trading companies & distributors) | 278,100 | 6,892 | ||||||||
Sawai Pharmaceutical Co., Ltd. (Pharmaceuticals) | 30,100 | 3,498 | ||||||||
Ship Healthcare Holdings, Inc. (Health care providers & services) | 306,200 | 9,778 | ||||||||
Start Today Co., Ltd. (Internet & catalog retail) | 149,200 | 2,141 | ||||||||
Suruga Bank, Ltd. (Commercial banks) | 1,017,000 | 11,533 | ||||||||
THK Co., Ltd. (Machinery) | 316,400 | 4,857 | ||||||||
United Arrows, Ltd. (Specialty retail) | 167,700 | 4,483 |
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Japan16.6%(continued) | ||||||||||
Xebio Co., Ltd. (Specialty retail) | 156,800 | $ | 3,261 | |||||||
|
|
|||||||||
115,128 | ||||||||||
|
|
|||||||||
Emerging Asia10.0% | ||||||||||
China4.7% | ||||||||||
Dongyue Group (Chemicals) | 5,938,000 | 2,642 | ||||||||
* |
Haier Electronics Group Co., Ltd. (Household durables) | 10,834,000 | 12,561 | |||||||
Haitian International Holdings, Ltd. (Machinery) | 3,820,496 | 4,336 | ||||||||
Minth Group, Ltd. (Auto components) | 4,786,000 | 5,049 | ||||||||
Spreadtrum Communications, Inc.ADR (Semiconductors & semiconductor equipment) | 209,135 | 4,300 | ||||||||
* |
WuXi PharmaTech Cayman, Inc.ADR (Life sciences tools & services) | 261,262 | 3,900 | |||||||
|
|
|||||||||
32,788 | ||||||||||
|
|
|||||||||
India2.5% | ||||||||||
CRISIL, Ltd. (Diversified financial services) | 181,617 | 3,307 | ||||||||
eClerx Services, Ltd. (Professional services) | 160,640 | 2,357 | ||||||||
Ipca Laboratories, Ltd. (Pharmaceuticals) | 300,246 | 2,757 | ||||||||
* |
Jubilant Foodworks, Ltd. (Hotels, restaurants & leisure) | 112,272 | 2,922 | |||||||
Motherson Sumi Systems, Ltd. (Auto components) | 995,510 | 4,220 | ||||||||
Oberoi Realty, Ltd. (Real estate management & development) | 344,191 | 1,729 | ||||||||
|
|
|||||||||
17,292 | ||||||||||
|
|
|||||||||
Indonesia0.8% | ||||||||||
PT Media Nusantara Citra Tbk (Media) | 12,923,000 | 3,511 | ||||||||
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk (Food products) | 8,829,500 | 2,260 | ||||||||
|
|
|||||||||
5,771 | ||||||||||
|
|
|||||||||
South Korea0.7% | ||||||||||
Daum Communications Corporation (Internet software & services) | 44,148 | 4,508 | ||||||||
|
|
|||||||||
Taiwan0.4% | ||||||||||
Hiwin Technologies Corporation (Machinery) | 388,500 | 2,850 | ||||||||
|
|
|||||||||
Thailand0.9% | ||||||||||
Bangkok Dusit Medical Services PCL (Health care providers & services) | 831,500 | 2,904 | ||||||||
Siam Makro PCL (Food & staples retailing) | 267,900 | 3,455 | ||||||||
|
|
|||||||||
6,359 | ||||||||||
|
|
|||||||||
Canada7.1% | ||||||||||
Canadian Energy Services & Technology Corporation (Energy equipment & services) | 320,709 | 3,451 | ||||||||
* |
Celtic Exploration, Ltd. (Oil, gas & consumable fuels) | 510,250 | 9,488 | |||||||
Dollarama, Inc. (Multiline retail) | 106,375 | 6,790 | ||||||||
* |
Legacy Oil + Gas, Inc. (Oil, gas & consumable fuels) | 1,357,240 | 9,278 | |||||||
Major Drilling Group International, Inc. (Metals & mining) | 195,191 | 1,993 | ||||||||
Peyto Exploration & Development Corporation (Oil, gas & consumable fuels) | 347,586 | 8,563 | ||||||||
* |
Precision Drilling Corporation (Energy equipment & services) | 762,744 | 5,997 | |||||||
Total Energy Services, Inc. (Energy equipment & services) | 211,116 | 3,419 | ||||||||
|
|
|||||||||
48,979 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Europe, Mid-East, Africa6.2% | ||||||||||
Poland0.5% | ||||||||||
Eurocash S.A. (Food & staples retailing) | 96,072 | $ | 1,181 | |||||||
Lubelski Wegiel Bogdanka S.A. (Oil, gas & consumable fuels) | 67,607 | 2,543 | ||||||||
|
|
|||||||||
3,724 | ||||||||||
|
|
|||||||||
Russia0.4% | ||||||||||
* |
Etalon Group Ltd.144AGDR (Real estate management & development) | 419,810 | 2,636 | |||||||
|
|
|||||||||
South Africa3.2% | ||||||||||
Capitec Bank Holdings, Ltd. (Commercial banks) | 204,738 | 5,510 | ||||||||
Coronation Fund Managers, Ltd. (Capital markets) | 1,036,290 | 3,860 | ||||||||
Life Healthcare Group Holdings Pte, Ltd. (Health care providers & services) | 2,828,177 | 10,789 | ||||||||
Mr Price Group, Ltd. (Specialty retail) | 145,022 | 2,195 | ||||||||
|
|
|||||||||
22,354 | ||||||||||
|
|
|||||||||
Turkey2.1% | ||||||||||
Tofas Turk Otomobil Fabrikasi A.S. (Automobiles) | 945,477 | 4,777 | ||||||||
Turkiye Sinai Kalkinma Bankasi A.S. (Commercial banks) | 8,865,636 | 9,866 | ||||||||
|
|
|||||||||
14,643 | ||||||||||
|
|
|||||||||
Asia4.8% | ||||||||||
Australia1.0% | ||||||||||
Dominos Pizza Enterprises, Ltd. (Hotels, restaurants & leisure) | 48,257 | 522 | ||||||||
Seek, Ltd. (Professional services) | 929,525 | 6,585 | ||||||||
|
|
|||||||||
7,107 | ||||||||||
|
|
|||||||||
Hong Kong2.3% | ||||||||||
Sa Sa International Holdings, Ltd. (Specialty retail) | 5,746,000 | 3,942 | ||||||||
SmarTone Telecommunications Holdings, Ltd. (Wireless telecommunication services) | 5,989,500 | 11,942 | ||||||||
|
|
|||||||||
15,884 | ||||||||||
|
|
|||||||||
Singapore1.5% | ||||||||||
* |
Biosensors International Group, Ltd. (Health care equipment & supplies) | 3,011,000 | 2,994 | |||||||
First Resources, Ltd. (Food products) | 4,340,000 | 7,462 | ||||||||
|
|
|||||||||
10,456 | ||||||||||
|
|
|||||||||
Emerging Latin America1.7% | ||||||||||
Brazil1.2% | ||||||||||
Arezzo Industria e Comercio S.A. (Textiles, apparel & luxury goods) | 109,896 | 1,982 | ||||||||
OdontoPrev S.A. (Health care providers & services) | 660,600 | 3,699 | ||||||||
Restoque Comercio e Confeccoes de Roupas S.A. (Textiles, apparel & luxury goods) | 365,600 | 1,650 | ||||||||
T4F Entretenimento S.A. (Media) | 200,300 | 1,393 | ||||||||
|
|
|||||||||
8,724 | ||||||||||
|
|
|||||||||
Chile0.5% | ||||||||||
CFR Pharmaceuticals S.A. (Pharmaceuticals) | 14,169,396 | 3,345 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Total Common Stocks96.4%
|
669,473 | |||||||||
|
|
|||||||||
Convertible Bond | ||||||||||
Brazil0.0% | ||||||||||
Lupatech S.A., 6.500%, due 4/15/18 (Machinery)**§ | $ | 959 | $ | 261 | ||||||
|
|
|||||||||
Total Convertible Bond0.0%
|
261 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $21,823, collateralized by FNMA, 4.375%, due 10/15/15 |
21,822 | 21,822 | ||||||||
|
|
|||||||||
Total Repurchase Agreement3.2%
|
21,822 | |||||||||
|
|
|||||||||
Total Investments99.6%
|
691,556 | |||||||||
Cash and other assets, less liabilities0.4% | 3,005 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 694,561 | ||||||||
|
|
ADR = American Depository Receipt
GDR = Global Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. This holding represents 0.04% of the Funds net assets at September 30, 2012.
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. This holding represents 0.04% of the net assets at September 30, 2012.
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
International Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Consumer Discretionary |
25.4 | % | ||
Information Technology |
13.3 | % | ||
Health Care |
12.0 | % | ||
Financials |
11.7 | % | ||
Industrials |
11.3 | % | ||
Consumer Staples |
10.6 | % | ||
Energy |
8.0 | % | ||
Materials |
5.9 | % | ||
Telecommunication Services |
1.8 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
British Pound Sterling |
23.6 | % | ||
Euro |
18.3 | % | ||
Japanese Yen |
17.2 | % | ||
Canadian Dollar |
7.3 | % | ||
Hong Kong Dollar |
7.3 | % | ||
Swedish Krona |
3.8 | % | ||
South African Rand |
3.3 | % | ||
Norwegian Krone |
3.0 | % | ||
Indian Rupee |
2.6 | % | ||
Danish Krone |
2.2 | % | ||
Turkish Lira |
2.2 | % | ||
Singapore Dollar |
1.6 | % | ||
Swiss Franc |
1.4 | % | ||
Brazilian Real |
1.3 | % | ||
Australian Dollar |
1.1 | % | ||
All Other Currencies |
3.8 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Emerging Asia56.0% | ||||||||||
China20.5% | ||||||||||
AAC Technologies Holdings, Inc. (Communications equipment) | 1,043,959 | $ | 3,770 | |||||||
* |
Baidu, Inc.ADR (Internet software & services) | 105,618 | 12,338 | |||||||
Belle International Holdings, Ltd. (Specialty retail) | 2,380,610 | 4,311 | ||||||||
* |
Brilliance China Automotive Holdings, Ltd. (Automobiles) | 6,814,000 | 7,513 | |||||||
China BlueChemical, Ltd. (Chemicals) | 3,662,609 | 2,168 | ||||||||
China Mobile, Ltd. (Wireless telecommunication services) | 3,322,755 | 36,831 | ||||||||
China Shenhua Energy Co., Ltd. (Oil, gas & consumable fuels) | 2,995,804 | 11,629 | ||||||||
CNOOC, Ltd. (Oil, gas & consumable fuels) | 12,165,601 | 24,946 | ||||||||
Dongyue Group (Chemicals) | 4,290,287 | 1,909 | ||||||||
Golden Eagle Retail Group, Ltd. (Multiline retail) | 1,517,547 | 2,979 | ||||||||
Great Wall Motor Co., Ltd. Class H (Automobiles) | 792,000 | 2,089 | ||||||||
* |
Haier Electronics Group Co., Ltd. (Household durables) | 4,892,000 | 5,672 | |||||||
Haitian International Holdings, Ltd. (Machinery) | 2,361,870 | 2,680 | ||||||||
Lenovo Group, Ltd. (Computers & peripherals) | 15,803,014 | 13,084 | ||||||||
* |
NetEase, Inc.ADR (Internet software & services) | 62,057 | 3,484 | |||||||
Ping An Insurance Group Co. of China, Ltd. Class H (Insurance) | 1,412,949 | 10,678 | ||||||||
Spreadtrum Communications, Inc.ADR (Semiconductors & semiconductor equipment) | 127,545 | 2,622 | ||||||||
Sun Art Retail Group, Ltd. (Food & staples retailing) | 5,494,245 | 6,838 | ||||||||
Tencent Holdings, Ltd. (Internet software & services) | 559,835 | 19,075 | ||||||||
Want Want China Holdings, Ltd. (Food products) | 6,383,217 | 8,142 | ||||||||
* |
WuXi PharmaTech Cayman, Inc.ADR (Life sciences tools & services) | 146,615 | 2,189 | |||||||
Yingde Gases (Chemicals) | 2,092,981 | 1,854 | ||||||||
* |
Youku.com, Inc.ADR (Internet software & services) | 72,261 | 1,329 | |||||||
|
|
|||||||||
188,130 | ||||||||||
|
|
|||||||||
India8.1% | ||||||||||
Asian Paints, Ltd. (Chemicals) | 40,761 | 3,041 | ||||||||
Bajaj Auto, Ltd. (Automobiles) | 221,021 | 7,669 | ||||||||
HDFC Bank, Ltd. (Commercial banks) | 623,427 | 7,436 | ||||||||
Housing Development Finance Corporation (Thrifts & mortgage finance) | 526,913 | 7,736 | ||||||||
IndusInd Bank, Ltd. (Commercial banks) | 374,804 | 2,525 | ||||||||
ITC, Ltd. (Tobacco) | 2,981,141 | 15,396 | ||||||||
* |
Jubilant Foodworks, Ltd. (Hotels, restaurants & leisure) | 109,098 | 2,839 | |||||||
Lupin, Ltd. (Pharmaceuticals) | 211,969 | 2,395 | ||||||||
Motherson Sumi Systems, Ltd. (Auto components) | 687,891 | 2,916 | ||||||||
Sun Pharmaceutical Industries, Ltd. (Pharmaceuticals) | 568,930 | 7,503 | ||||||||
Tata Consultancy Services, Ltd. (IT services) | 334,671 | 8,223 | ||||||||
Tata Motors, Ltd. (Automobiles) | 1,394,436 | 7,073 | ||||||||
|
|
|||||||||
74,752 | ||||||||||
|
|
|||||||||
Indonesia5.1% | ||||||||||
PT Astra International Tbk (Automobiles) | 17,934,240 | 13,868 | ||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 16,220,821 | 12,628 | ||||||||
PT Indo Tambangraya Megah (Oil, gas & consumable fuels) | 889,724 | 3,919 | ||||||||
PT Jasa Marga Persero Tbk (Transportation infrastructure) | 7,194,500 | 4,398 | ||||||||
PT Kalbe Farma Tbk (Pharmaceuticals) | 5,716,283 | 2,807 | ||||||||
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk (Food products) | 4,879,228 | 1,249 | ||||||||
PT Unilever Indonesia Tbk (Household products) | 1,739,997 | 4,736 |
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Asia56.0%(continued) | ||||||||||
Indonesia5.1%(continued) | ||||||||||
PT United Tractors Tbk (Machinery) | 1,353,773 | $ | 2,928 | |||||||
|
|
|||||||||
46,533 | ||||||||||
|
|
|||||||||
Malaysia2.1% | ||||||||||
CIMB Group Holdings Bhd (Commercial banks) | 5,499,387 | 13,494 | ||||||||
* |
IHH Healthcare Bhd (Health care providers & services) | 5,823,800 | 6,097 | |||||||
|
|
|||||||||
19,591 | ||||||||||
|
|
|||||||||
Papua New Guinea1.1% | ||||||||||
Oil Search, Ltd. (Oil, gas & consumable fuels) | 1,325,707 | 10,204 | ||||||||
|
|
|||||||||
Philippines0.4% | ||||||||||
SM Prime Holdings, Inc. (Real estate management & development) | 9,695,800 | 3,300 | ||||||||
|
|
|||||||||
South Korea6.7% | ||||||||||
Celltrion, Inc. (Pharmaceuticals) | 154,961 | 3,904 | ||||||||
Hyundai Motor Co. (Automobiles) | 65,119 | 14,765 | ||||||||
LG Household & Health Care, Ltd. (Household products) | 5,887 | 3,363 | ||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 15,881 | 19,233 | ||||||||
Samsung Engineering Co., Ltd. (Construction & engineering) | 48,793 | 8,429 | ||||||||
Samsung Fire & Marine Insurance Co., Ltd. (Insurance) | 34,587 | 7,438 | ||||||||
Samsung Heavy Industries Co., Ltd. (Machinery) | 137,954 | 4,679 | ||||||||
|
|
|||||||||
61,811 | ||||||||||
|
|
|||||||||
Taiwan6.2% | ||||||||||
Asustek Computer, Inc. (Computers & peripherals) | 1,360,000 | 14,777 | ||||||||
Catcher Technology Co., Ltd. (Computers & peripherals) | 471,064 | 2,218 | ||||||||
Hiwin Technologies Corporation (Machinery) | 247,429 | 1,815 | ||||||||
Hon Hai Precision Industry Co., Ltd. (Electronic equipment, instruments & components) | 6,584,893 | 20,666 | ||||||||
MediaTek, Inc. (Semiconductors & semiconductor equipment) | 1,177,064 | 12,428 | ||||||||
TPK Holding Co., Ltd. (Electronic equipment, instruments & components) | 389,979 | 5,115 | ||||||||
|
|
|||||||||
57,019 | ||||||||||
|
|
|||||||||
Thailand5.8% | ||||||||||
Advanced Info Service PCL (Wireless telecommunication services) | 2,396,462 | 16,662 | ||||||||
BEC World PCL (Media) | 3,699,400 | 9,194 | ||||||||
CP ALL PCL (Food & staples retailing) | 7,749,318 | 8,938 | ||||||||
Kasikornbank PCL (Commercial banks) | 2,501,182 | 14,830 | ||||||||
Siam Makro PCL (Food & staples retailing) | 274,732 | 3,543 | ||||||||
|
|
|||||||||
53,167 | ||||||||||
|
|
|||||||||
Emerging Latin America21.2% | ||||||||||
Argentina0.5% | ||||||||||
MercadoLibre, Inc. (Internet software & services) | 57,767 | 4,769 | ||||||||
|
|
|||||||||
Brazil9.2% | ||||||||||
BR Malls Participacoes S.A. (Real estate management & development) | 578,190 | 8,029 | ||||||||
BR Properties S.A. (Real estate management & development) | 279,297 | 3,644 | ||||||||
CETIP S.A. - Balcao Organizado de Ativos e Derivativos (Capital markets) | 235,348 | 3,088 |
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Latin America21.2%(continued) | ||||||||||
Brazil9.2%(continued) | ||||||||||
Cia de Bebidas das AmericasADR (Beverages) | 599,017 | $ | 22,924 | |||||||
Cia de Concessoes Rodoviarias (Transportation infrastructure) | 371,489 | 3,363 | ||||||||
Cia Hering (Specialty retail) | 205,116 | 4,637 | ||||||||
Cielo S.A. (IT services) | 525,900 | 13,124 | ||||||||
CPFL Energia S.A.ADR (Electric utilities) | 150,565 | 3,299 | ||||||||
Embraer S.A.ADR (Aerospace & defense) | 230,021 | 6,123 | ||||||||
Iochpe-Maxion S.A. (Machinery) | 170,100 | 2,232 | ||||||||
Lojas Renner S.A. (Multiline retail) | 66,822 | 2,238 | ||||||||
OdontoPrev S.A. (Health care providers & services) | 455,266 | 2,549 | ||||||||
Raia Drogasil S.A. (Food & staples retailing) | 222,345 | 2,554 | ||||||||
Totvs S.A. (Software) | 112,532 | 2,337 | ||||||||
Tractebel Energia S.A. (Independent power producers & energy traders) | 300,838 | 4,749 | ||||||||
|
|
|||||||||
84,890 | ||||||||||
|
|
|||||||||
Chile3.8% | ||||||||||
Banco Santander ChileADR (Commercial banks) | 107,737 | 7,891 | ||||||||
CFR Pharmaceuticals S.A. (Pharmaceuticals) | 9,363,121 | 2,211 | ||||||||
ENTEL Chile S.A. (Wireless telecommunication services) | 339,223 | 7,072 | ||||||||
S.A.C.I. Falabella (Multiline retail) | 693,490 | 6,988 | ||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 140,833 | 8,681 | ||||||||
Sonda S.A. (IT services) | 814,649 | 2,447 | ||||||||
|
|
|||||||||
35,290 | ||||||||||
|
|
|||||||||
Colombia3.0% | ||||||||||
Ecopetrol S.A. (Oil, gas & consumable fuels) | 6,142,698 | 18,089 | ||||||||
Pacific Rubiales Energy Corporation (Oil, gas & consumable fuels) | 375,301 | 8,967 | ||||||||
|
|
|||||||||
27,056 | ||||||||||
|
|
|||||||||
Mexico3.9% | ||||||||||
* |
Genomma Lab Internacional S.A.B. de C.V. (Pharmaceuticals) | 144,269 | 279 | |||||||
Grupo Financiero Banorte S.A.B. de C.V. (Commercial banks) | 2,259,610 | 12,771 | ||||||||
Grupo Mexico S.A.B. de C.V. Series B (Metals & mining) | 6,838,912 | 22,602 | ||||||||
|
|
|||||||||
35,652 | ||||||||||
|
|
|||||||||
Peru0.8% | ||||||||||
Credicorp, Ltd. (Commercial banks) | 55,778 | 6,988 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa18.0% | ||||||||||
Nigeria0.6% | ||||||||||
Guaranty Trust Bank plc (Commercial banks) | 28,877,355 | 3,518 | ||||||||
Nigerian Breweries plc (Beverages) | 2,305,779 | 2,009 | ||||||||
|
|
|||||||||
5,527 | ||||||||||
|
|
|||||||||
Poland0.4% | ||||||||||
Eurocash S.A. (Food & staples retailing) | 283,261 | 3,484 | ||||||||
|
|
|||||||||
Qatar1.5% | ||||||||||
Industries Qatar QSC (Industrial conglomerates) | 362,926 | 13,965 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Europe, Mid-East, Africa18.0%(continued) | ||||||||||
Russia3.0% | ||||||||||
* |
Etalon Group Ltd.144AGDR (Real estate management & development) | 428,600 | $ | 2,692 | ||||||
Magnit OAO (Food & staples retailing) | 99,331 | 13,262 | ||||||||
Mail.ru Group, Ltd.GDR (Internet software & services) | 70,743 | 2,362 | ||||||||
* |
Yandex N.V. Class A (Internet software & services) | 386,787 | 9,325 | |||||||
|
|
|||||||||
27,641 | ||||||||||
|
|
|||||||||
South Africa9.5% | ||||||||||
* |
Aspen Pharmacare Holdings, Ltd. (Pharmaceuticals) | 288,023 | 4,949 | |||||||
AVI, Ltd. (Food products) | 321,380 | 2,307 | ||||||||
Bidvest Group, Ltd. (Industrial conglomerates) | 412,321 | 10,205 | ||||||||
Discovery Holdings, Ltd. (Insurance) | 393,830 | 2,626 | ||||||||
FirstRand, Ltd. (Diversified financial services) | 6,064,341 | 20,321 | ||||||||
Life Healthcare Group Holdings Pte, Ltd. (Health care providers & services) | 1,854,295 | 7,074 | ||||||||
Mr Price Group, Ltd. (Specialty retail) | 136,281 | 2,063 | ||||||||
MTN Group, Ltd. (Wireless telecommunication services) | 527,384 | 10,152 | ||||||||
Naspers, Ltd. (Media) | 231,905 | 14,349 | ||||||||
Sasol, Ltd. (Oil, gas & consumable fuels) | 146,719 | 6,563 | ||||||||
Shoprite Holdings, Ltd. (Food & staples retailing) | 227,431 | 4,600 | ||||||||
Tiger Brands, Ltd. (Food products) | 66,531 | 2,183 | ||||||||
|
|
|||||||||
87,392 | ||||||||||
|
|
|||||||||
Turkey2.8% | ||||||||||
Arcelik A.S. (Household durables) | 519,954 | 2,766 | ||||||||
BIM Birlesik Magazalar A.S. (Food & staples retailing) | 76,290 | 3,183 | ||||||||
Tofas Turk Otomobil Fabrikasi A.S. (Automobiles) | 648,569 | 3,277 | ||||||||
Turkiye Halk Bankasi A.S. (Commercial banks) | 2,126,019 | 16,561 | ||||||||
|
|
|||||||||
25,787 | ||||||||||
|
|
|||||||||
United Arab Emirates0.2% | ||||||||||
First Gulf Bank PJSC (Commercial banks) | 629,920 | 1,706 | ||||||||
|
|
|||||||||
Total Common Stocks95.2%
|
874,654 | |||||||||
|
|
|||||||||
Preferred Stock | ||||||||||
Brazil1.8% | ||||||||||
Itau Unibanco Holding S.A. (Commercial banks) | 1,104,041 | 16,659 | ||||||||
|
|
|||||||||
Total Preferred Stock1.8%
|
16,659 | |||||||||
|
|
|||||||||
Convertible Bond | ||||||||||
Brazil0.0% | ||||||||||
Lupatech S.A., 6.500%, due 4/15/18 (Machinery)**§ | $ | 1,602 | 436 | |||||||
|
|
|||||||||
Total Convertible Bond0.0%
|
436 | |||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $15,443, collateralized by FNMA, 4.375%, due 10/15/15 |
$ | 15,443 | $ | 15,443 | ||||||
|
|
|||||||||
Total Repurchase Agreement1.7%
|
15,443 | |||||||||
|
|
|||||||||
Total Investments98.7%
|
907,192 | |||||||||
Cash and other assets, less liabilities1.3% | 11,845 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 919,037 | ||||||||
|
|
ADR = American Depository Receipt
GDR = Global Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. This holding represents 0.05% of the Funds net assets at September 30, 2012.
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. This holding represents 0.05% of the net assets at September 30, 2012.
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
Emerging Markets Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
20.9 | % | ||
Information Technology |
19.4 | % | ||
Consumer Discretionary |
13.1 | % | ||
Consumer Staples |
12.2 | % | ||
Energy |
9.5 | % | ||
Telecommunication Services |
7.9 | % | ||
Industrials |
6.9 | % | ||
Health Care |
4.7 | % | ||
Materials |
4.5 | % | ||
Utilities |
0.9 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Hong Kong Dollar |
19.2 | % | ||
U.S. Dollar |
11.5 | % | ||
South African Rand |
9.8 | % | ||
Indian Rupee |
8.4 | % | ||
Brazilian Real |
7.8 | % | ||
South Korean Won |
6.9 | % | ||
New Taiwan Dollar |
6.4 | % | ||
Thai Baht |
6.0 | % | ||
Indonesian Rupiah |
5.2 | % | ||
Mexican Peso |
4.0 | % | ||
Turkish Lira |
2.9 | % | ||
Malaysian Ringgit |
2.2 | % | ||
Chilean Peso |
2.1 | % | ||
Colombian Peso |
2.0 | % | ||
Qatari Rial |
1.6 | % | ||
Australian Dollar |
1.1 | % | ||
Canadian Dollar |
1.0 | % | ||
All Other Currencies |
1.9 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Leaders Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Emerging Asia56.9% | ||||||||||
China18.8% | ||||||||||
* |
Baidu, Inc.ADR (Internet software & services) | 6,872 | $ | 803 | ||||||
Belle International Holdings, Ltd. (Specialty retail) | 401,000 | 726 | ||||||||
* |
Brilliance China Automotive Holdings, Ltd. (Automobiles) | 610,000 | 673 | |||||||
China Mobile, Ltd. (Wireless telecommunication services) | 233,000 | 2,583 | ||||||||
CNOOC, Ltd. (Oil, gas & consumable fuels) | 553,000 | 1,134 | ||||||||
Lenovo Group, Ltd. (Computers & peripherals) | 1,348,000 | 1,116 | ||||||||
* |
NetEase, Inc.ADR (Internet software & services) | 4,719 | 265 | |||||||
Ping An Insurance Group Co. of China, Ltd. Class H (Insurance) | 88,500 | 669 | ||||||||
Sun Art Retail Group, Ltd. (Food & staples retailing) | 432,500 | 538 | ||||||||
Tencent Holdings, Ltd. (Internet software & services) | 53,400 | 1,819 | ||||||||
Want Want China Holdings, Ltd. (Food products) | 466,000 | 594 | ||||||||
|
|
|||||||||
10,920 | ||||||||||
|
|
|||||||||
India9.7% | ||||||||||
Bajaj Auto, Ltd. (Automobiles) | 23,600 | 819 | ||||||||
HDFC Bank, Ltd. (Commercial banks) | 53,249 | 635 | ||||||||
Housing Development Finance Corporation (Thrifts & mortgage finance) | 45,008 | 661 | ||||||||
ITC, Ltd. (Tobacco) | 188,429 | 973 | ||||||||
Nestle India, Ltd. (Food products) | 2,424 | 202 | ||||||||
Sun Pharmaceutical Industries, Ltd. (Pharmaceuticals) | 59,213 | 781 | ||||||||
Tata Consultancy Services, Ltd. (IT services) | 27,656 | 680 | ||||||||
Tata Motors, Ltd. (Automobiles) | 179,992 | 913 | ||||||||
|
|
|||||||||
5,664 | ||||||||||
|
|
|||||||||
Indonesia5.3% | ||||||||||
PT Astra International Tbk (Automobiles) | 1,480,000 | 1,144 | ||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 1,392,000 | 1,084 | ||||||||
PT Unilever Indonesia Tbk (Household products) | 214,500 | 584 | ||||||||
PT United Tractors Tbk (Machinery) | 131,500 | 284 | ||||||||
|
|
|||||||||
3,096 | ||||||||||
|
|
|||||||||
Malaysia3.0% | ||||||||||
CIMB Group Holdings Bhd (Commercial banks) | 460,600 | 1,130 | ||||||||
* |
IHH Healthcare Bhd (Health care providers & services) | 564,200 | 591 | |||||||
|
|
|||||||||
1,721 | ||||||||||
|
|
|||||||||
South Korea7.5% | ||||||||||
Hyundai Motor Co. (Automobiles) | 5,357 | 1,215 | ||||||||
LG Household & Health Care, Ltd. (Household products) | 539 | 308 | ||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 1,629 | 1,973 | ||||||||
Samsung Engineering Co., Ltd. (Construction & engineering) | 4,940 | 853 | ||||||||
|
|
|||||||||
4,349 | ||||||||||
|
|
|||||||||
Taiwan6.7% | ||||||||||
Asustek Computer, Inc. (Computers & peripherals) | 114,000 | 1,239 | ||||||||
Hon Hai Precision Industry Co., Ltd. (Electronic equipment, instruments & components) | 505,770 | 1,587 | ||||||||
MediaTek, Inc. (Semiconductors & semiconductor equipment) | 101,000 | 1,066 | ||||||||
|
|
|||||||||
3,892 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Leaders Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) |
||||||||||
Emerging Asia56.9%(continued) |
||||||||||
Thailand5.9% |
||||||||||
Advanced Info Service PCL (Wireless telecommunication services) |
199,100 | $ | 1,384 | |||||||
CP ALL PCL (Food & staples retailing) |
788,600 | 910 | ||||||||
Kasikornbank PCL (Commercial banks) |
188,100 | 1,115 | ||||||||
|
|
|||||||||
3,409 | ||||||||||
|
|
|||||||||
Emerging Latin America21.2% |
||||||||||
Brazil7.7% |
||||||||||
BR Malls Participacoes S.A. (Real estate management & development) |
93,500 | 1,298 | ||||||||
Cia de Bebidas das AmericasADR (Beverages) |
38,483 | 1,473 | ||||||||
Cielo S.A. (IT services) |
47,600 | 1,188 | ||||||||
Embraer S.A.ADR (Aerospace & defense) |
18,838 | 501 | ||||||||
|
|
|||||||||
4,460 | ||||||||||
|
|
|||||||||
Chile4.1% |
||||||||||
Banco Santander ChileADR (Commercial banks) |
12,348 | 904 | ||||||||
S.A.C.I. Falabella (Multiline retail) |
63,173 | 637 | ||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) |
13,802 | 851 | ||||||||
|
|
|||||||||
2,392 | ||||||||||
|
|
|||||||||
Colombia3.0% |
||||||||||
Ecopetrol S.A. (Oil, gas & consumable fuels) |
585,157 | 1,723 | ||||||||
|
|
|||||||||
Mexico5.6% |
||||||||||
Grupo Financiero Banorte S.A.B. de C.V. (Commercial banks) |
222,900 | 1,260 | ||||||||
Grupo Mexico S.A.B. de C.V. Series B (Metals & mining) |
605,200 | 2,000 | ||||||||
|
|
|||||||||
3,260 | ||||||||||
|
|
|||||||||
Peru0.8% |
||||||||||
Credicorp, Ltd. (Commercial banks) |
3,677 | 461 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa18.1% |
||||||||||
Qatar2.0% |
||||||||||
Industries Qatar QSC (Industrial conglomerates) |
29,575 | 1,138 | ||||||||
|
|
|||||||||
Russia4.6% |
||||||||||
Magnit OAO (Food & staples retailing) |
902 | 120 | ||||||||
Magnit OJSC144AGDR (Food & staples retailing) |
26,910 | 915 | ||||||||
Sberbank of Russian Federation (Commercial banks) |
562,577 | 1,641 | ||||||||
|
|
|||||||||
2,676 | ||||||||||
|
|
|||||||||
South Africa9.1% |
||||||||||
Bidvest Group, Ltd. (Industrial conglomerates) |
38,477 | 952 | ||||||||
FirstRand, Ltd. (Diversified financial services) |
408,813 | 1,370 | ||||||||
MTN Group, Ltd. (Wireless telecommunication services) |
33,113 | 637 | ||||||||
Naspers, Ltd. (Media) |
14,649 | 906 | ||||||||
Sasol, Ltd. (Oil, gas & consumable fuels) |
12,376 | 554 | ||||||||
Shoprite Holdings, Ltd. (Food & staples retailing) |
28,739 | 581 |
See accompanying Notes to Portfolio of Investments.
Emerging Leaders Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Europe, Mid-East, Africa18.1%(continued) | ||||||||||
South Africa9.1%(continued) | ||||||||||
Tiger Brands, Ltd. (Food products) | 8,429 | $ | 277 | |||||||
|
|
|||||||||
5,277 | ||||||||||
|
|
|||||||||
Turkey2.4% | ||||||||||
Turkiye Garanti Bankasi A.S. (Commercial banks) | 338,809 | 1,414 | ||||||||
|
|
|||||||||
Total Common Stocks96.2%
|
55,852 | |||||||||
|
|
|||||||||
Preferred Stock | ||||||||||
Brazil2.7% | ||||||||||
Itau Unibanco Holding S.A. (Commercial banks) | 102,400 | 1,545 | ||||||||
|
|
|||||||||
Total Preferred Stock2.7%
|
1,545 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $539, collateralized by U.S.Treasury Note, 1.250%, due 10/31/15 |
$ | 539 | 539 | |||||||
|
|
|||||||||
Total Repurchase Agreement0.9%
|
539 | |||||||||
|
|
|||||||||
Total Investments99.8%
|
57,936 | |||||||||
Cash and other assets, less liabilities0.2% | 133 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 58,069 | ||||||||
|
|
ADR = American Depository Receipt
GDR = Global Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
Emerging Leaders Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
26.5 | % | ||
Information Technology |
20.4 | % | ||
Consumer Staples |
13.0 | % | ||
Consumer Discretionary |
12.3 | % | ||
Telecommunication Services |
8.0 | % | ||
Industrials |
6.5 | % | ||
Energy |
5.9 | % | ||
Materials |
5.0 | % | ||
Health Care |
2.4 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Hong Kong Dollar |
17.2 | % | ||
U.S. Dollar |
13.8 | % | ||
Indian Rupee |
9.9 | % | ||
South African Rand |
9.2 | % | ||
South Korean Won |
7.6 | % | ||
Brazilian Real |
7.0 | % | ||
New Taiwan Dollar |
6.8 | % | ||
Thai Baht |
5.9 | % | ||
Mexican Peso |
5.7 | % | ||
Indonesian Rupiah |
5.4 | % | ||
Colombian Peso |
3.0 | % | ||
Malaysian Ringgit |
3.0 | % | ||
Turkish Lira |
2.4 | % | ||
Qatari Rial |
2.0 | % | ||
Chilean Peso |
1.1 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Emerging Asia56.9% | ||||||||||
Cambodia1.4% | ||||||||||
NagaCorp, Ltd. (Hotels, restaurants & leisure) | 194,000 | $ | 109 | |||||||
|
|
|||||||||
China8.8% | ||||||||||
* |
3SBio, Inc.ADR (Biotechnology) | 2,544 | 33 | |||||||
AAC Technologies Holdings, Inc. (Communications equipment) | 40,000 | 143 | ||||||||
China Overseas Grand Oceans Group, Ltd. (Real estate management & development) | 132,000 | 131 | ||||||||
Golden Eagle Retail Group, Ltd. (Multiline retail) | 27,000 | 53 | ||||||||
* |
Haier Electronics Group Co., Ltd. (Household durables) | 52,000 | 60 | |||||||
Haitian International Holdings, Ltd. (Machinery) | 78,000 | 89 | ||||||||
* |
Hollysys Automation Technologies, Ltd. (Electronic equipment, instruments & components) | 5,082 | 50 | |||||||
Minth Group, Ltd. (Auto components) | 66,000 | 70 | ||||||||
Prince Frog International Holdings, Ltd. (Personal products) | 110,000 | 35 | ||||||||
|
|
|||||||||
664 | ||||||||||
|
|
|||||||||
India12.9% | ||||||||||
Bata India, Ltd. (Textiles, apparel & luxury goods) | 3,543 | 66 | ||||||||
Colgate-Palmolive India, Ltd. (Personal products) | 1,134 | 26 | ||||||||
CRISIL, Ltd. (Diversified financial services) | 1,723 | 31 | ||||||||
Eicher Motors, Ltd. (Machinery) | 1,071 | 47 | ||||||||
GlaxoSmithKline Consumer Healthcare, Ltd. (Food products) | 1,255 | 71 | ||||||||
Godrej Consumer Products, Ltd. (Personal products) | 3,678 | 47 | ||||||||
Gruh Finance, Ltd. (Thrifts & mortgage finance) | 16,704 | 66 | ||||||||
Havells India, Ltd. (Electrical equipment) | 3,780 | 45 | ||||||||
IndusInd Bank, Ltd. (Commercial banks) | 8,935 | 60 | ||||||||
Ipca Laboratories, Ltd. (Pharmaceuticals) | 9,798 | 90 | ||||||||
* |
Jubilant Foodworks, Ltd. (Hotels, restaurants & leisure) | 2,275 | 59 | |||||||
Lupin, Ltd. (Pharmaceuticals) | 7,581 | 86 | ||||||||
Marico, Ltd. (Personal products) | 19,507 | 74 | ||||||||
Page Industries, Ltd. (Textiles, apparel & luxury goods) | 771 | 46 | ||||||||
Pidilite Industries, Ltd. (Chemicals) | 14,084 | 55 | ||||||||
TTK Prestige, Ltd. (Household durables) | 606 | 43 | ||||||||
Yes Bank, Ltd. (Commercial banks) | 9,461 | 68 | ||||||||
|
|
|||||||||
980 | ||||||||||
|
|
|||||||||
Indonesia8.3% | ||||||||||
PT Ace Hardware Indonesia Tbk (Specialty retail) | 164,000 | 105 | ||||||||
PT Alam Sutera Realty Tbk (Real estate management & development) | 549,500 | 29 | ||||||||
* |
PT Bank Tabungan Pensiunan Nasional Tbk (Commercial banks) | 122,500 | 67 | |||||||
PT Ciputra Development Tbk (Real estate management & development) | 629,500 | 47 | ||||||||
PT Hexindo Adiperkasa Tbk (Trading companies & distributors) | 21,000 | 18 | ||||||||
PT Indomobil Sukses Internasional Tbk (Specialty retail) | 24,000 | 14 | ||||||||
PT Jasa Marga (Transportation infrastructure) | 152,500 | 93 | ||||||||
PT Kalbe Farma Tbk (Pharmaceuticals) | 171,500 | 84 | ||||||||
PT Media Nusantara Citra Tbk (Media) | 305,500 | 83 | ||||||||
PT Mitra Adiperkasa Tbk (Multiline retail) | 33,500 | 23 | ||||||||
* |
PT MNC Sky Vision Tbk (Media) | 103,000 | 22 | |||||||
PT Sumber Alfaria Trijaya Tbk (Food & staples retailing) | 44,500 | 26 |
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Latin America25.8% | ||||||||||
Argentina0.9% | ||||||||||
MercadoLibre, Inc. (Internet software & services) | 800 | $ | 66 | |||||||
|
|
|||||||||
Brazil16.3% | ||||||||||
Amil Participacoes S.A. (Health care providers & services) | 3,300 | 40 | ||||||||
Arezzo Industria e Comercio S.A. (Textiles, apparel & luxury goods) | 2,200 | 40 | ||||||||
BR Properties S.A. (Real estate management & development) | 9,300 | 121 | ||||||||
Cia Hering (Specialty retail) | 4,000 | 90 | ||||||||
EcoRodovias Infraestrutura e Logistica S.A. (Transportation infrastructure) | 8,300 | 72 | ||||||||
Ez Tec Empreendimentos e Participacoes S.A. (Household durables) | 4,500 | 56 | ||||||||
Iguatemi Empresa de Shopping Centers S.A. (Real estate management & development) | 2,500 | 64 | ||||||||
Iochpe-Maxion S.A. (Machinery) | 2,500 | 33 | ||||||||
Localiza Rent a Car S.A. (Road & rail) | 4,900 | 86 | ||||||||
Lojas Renner S.A. (Multiline retail) | 2,800 | 94 | ||||||||
Mills Estruturas e Servicos de Engenharia S.A. (Trading companies & distributors) | 6,646 | 96 | ||||||||
OdontoPrev S.A. (Health care providers & services) | 10,700 | 60 | ||||||||
* |
Qualicorp S.A. (Professional services) | 7,900 | 77 | |||||||
Raia Drogasil S.A. (Food & staples retailing) | 6,700 | 77 | ||||||||
Restoque Comercio e Confeccoes de Roupas S.A. (Textiles, apparel & luxury goods) | 3,100 | 14 | ||||||||
Tegma Gestao Logistica S.A. (Road & rail) | 3,300 | 55 | ||||||||
Totvs S.A. (Software) | 2,900 | 60 | ||||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A (Commercial services & supplies) |
5,300 | 99 | ||||||||
|
|
|||||||||
1,234 | ||||||||||
|
|
|||||||||
Chile2.4% | ||||||||||
* |
Inversiones La Construccion S.A. (Diversified financial services) | 3,415 | 55 | |||||||
Parque Arauco S.A. (Real estate management & development) | 23,957 | 49 | ||||||||
Sonda S.A. (IT services) | 26,430 | 80 | ||||||||
|
|
|||||||||
184 | ||||||||||
|
|
|||||||||
Mexico4.4% | ||||||||||
* |
Alsea S.A.B. de C.V. (Hotels, restaurants & leisure) | 72,887 | 113 | |||||||
Banregio Grupo Financiero S.A.B. de C.V. (Commercial banks) | 23,338 | 88 | ||||||||
Fibra Uno Administracion S.A. de C.V. (Real estate investment trusts (REITs)) | 44,700 | 101 | ||||||||
* |
Genomma Lab Internacional S.A.B. de C.V. (Pharmaceuticals) | 14,800 | 29 | |||||||
|
|
|||||||||
331 | ||||||||||
|
|
|||||||||
Panama1.3% | ||||||||||
Copa Holdings S.A. (Airlines) | 1,226 | 100 | ||||||||
|
|
|||||||||
Peru0.5% | ||||||||||
Intercorp Financial Services, Inc. (Diversified financial services) | 1,090 | 35 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa14.7% | ||||||||||
Kenya0.5% | ||||||||||
Safaricom, Ltd. (Wireless telecommunication services) | 736,600 | 35 | ||||||||
|
|
|||||||||
Nigeria1.2% | ||||||||||
Guaranty Trust Bank plc (Commercial banks) | 481,457 | 59 |
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Europe, Mid-East, Africa14.7%(continued) | ||||||||||
Nigeria1.2%(continued) | ||||||||||
Nestle Nigeria plc (Food products) | 9,594 | $ | 35 | |||||||
|
|
|||||||||
94 | ||||||||||
|
|
|||||||||
Poland1.4% | ||||||||||
Eurocash S.A. (Food & staples retailing) | 3,543 | 44 | ||||||||
LPP S.A. (Textiles, apparel & luxury goods) | 40 | 42 | ||||||||
Lubelski Wegiel Bogdanka S.A. (Oil, gas & consumable fuels) | 612 | 23 | ||||||||
|
|
|||||||||
109 | ||||||||||
|
|
|||||||||
Russia1.0% | ||||||||||
* |
Etalon Group Ltd.144AGDR (Real estate management & development) | 7,010 | 44 | |||||||
M Video OJSC (Specialty retail) | 3,470 | 29 | ||||||||
|
|
|||||||||
73 | ||||||||||
|
|
|||||||||
South Africa6.9% | ||||||||||
AVI, Ltd. (Food products) | 12,731 | 92 | ||||||||
Capitec Bank Holdings, Ltd. (Commercial banks) | 2,844 | 77 | ||||||||
Coronation Fund Managers, Ltd. (Capital markets) | 12,969 | 48 | ||||||||
Discovery Holdings, Ltd. (Insurance) | 6,139 | 41 | ||||||||
Life Healthcare Group Holdings Pte, Ltd. (Health care providers & services) | 17,515 | 67 | ||||||||
Mr Price Group, Ltd. (Specialty retail) | 6,208 | 94 | ||||||||
The Foschini Group, Ltd. (Specialty retail) | 4,946 | 75 | ||||||||
Truworths International, Ltd. (Specialty retail) | 2,688 | 30 | ||||||||
|
|
|||||||||
524 | ||||||||||
|
|
|||||||||
Turkey3.7% | ||||||||||
Anadolu Hayat Emeklilik A.S. (Insurance) | 8,935 | 23 | ||||||||
Arcelik A.S. (Household durables) | 13,208 | 70 | ||||||||
BIM Birlesik Magazalar A.S. (Food & staples retailing) | 1,731 | 72 | ||||||||
Bizim Toptan Satis Magazalari A.S. (Food & staples retailing) | 2,531 | 32 | ||||||||
Tofas Turk Otomobil Fabrikasi A.S. (Automobiles) | 8,252 | 42 | ||||||||
Turkiye Sinai Kalkinma Bankasi A.S. (Commercial banks) | 33,672 | 37 | ||||||||
|
|
|||||||||
276 | ||||||||||
|
|
|||||||||
Total Common Stocks97.4%
|
7,366 | |||||||||
|
|
|||||||||
Preferred Stock | ||||||||||
Brazil1.2% | ||||||||||
Marcopolo S.A. (Machinery) | 15,200 | 89 | ||||||||
|
|
|||||||||
Total Preferred Stock1.2%
|
89 | |||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $143, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 143 | $ | 143 | ||||||
|
|
|||||||||
Total Repurchase Agreement1.9%
|
143 | |||||||||
|
|
|||||||||
Total Investments100.5%
|
7,598 | |||||||||
Liabilities, plus cash and other assets(0.5)% | (37 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 7,561 | ||||||||
|
|
ADR = American Depository Receipt
GDR = Global Depository Receipt
* | Non-income producing securities |
= U.S. listed foreign security
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
Emerging Markets Small Cap Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Consumer Discretionary |
27.0 | % | ||
Financials |
23.4 | % | ||
Consumer Staples |
15.7 | % | ||
Industrials |
13.8 | % | ||
Health Care |
11.0 | % | ||
Information Technology |
7.0 | % | ||
Materials |
0.7 | % | ||
Energy |
0.7 | % | ||
Telecommunication Services |
0.7 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Brazilian Real |
17.7 | % | ||
Indian Rupee |
13.1 | % | ||
Hong Kong Dollar |
9.3 | % | ||
Thai Baht |
8.9 | % | ||
Indonesian Rupiah |
8.4 | % | ||
Philippine Peso |
7.1 | % | ||
South African Rand |
7.0 | % | ||
Malaysian Ringgit |
5.1 | % | ||
U.S. Dollar |
4.8 | % | ||
Mexican Peso |
4.4 | % | ||
Turkish Lira |
3.7 | % | ||
New Taiwan Dollar |
2.6 | % | ||
Chilean Peso |
2.5 | % | ||
Euro |
1.5 | % | ||
South Korean Won |
1.4 | % | ||
Nigerian Naira |
1.3 | % | ||
All Other Currencies |
1.2 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Large Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Financials25.7% | ||||||||||
American Tower Corporation | 851 | $ | 61 | |||||||
Bank of America Corporation | 3,460 | 31 | ||||||||
* |
CBRE Group, Inc. | 1,566 | 29 | |||||||
Citigroup, Inc. | 1,846 | 60 | ||||||||
CNA Financial Corporation | 842 | 23 | ||||||||
Discover Financial Services | 1,485 | 59 | ||||||||
JPMorgan Chase & Co. | 2,495 | 101 | ||||||||
Lazard, Ltd. | 2,152 | 63 | ||||||||
Lincoln National Corporation | 1,004 | 24 | ||||||||
Morgan Stanley | 2,348 | 39 | ||||||||
Prudential Financial, Inc. | 677 | 37 | ||||||||
Regions Financial Corporation | 5,018 | 36 | ||||||||
State Street Corporation | 892 | 37 | ||||||||
SunTrust Banks, Inc. | 1,890 | 54 | ||||||||
The Allstate Corporation | 1,315 | 52 | ||||||||
The Goldman Sachs Group, Inc. | 291 | 33 | ||||||||
US Bancorp | 1,535 | 53 | ||||||||
Wells Fargo & Co. | 2,838 | 98 | ||||||||
Zions BanCorp. | 2,190 | 45 | ||||||||
|
|
|||||||||
935 | ||||||||||
|
|
|||||||||
Energy15.0% | ||||||||||
Anadarko Petroleum Corporation | 662 | 46 | ||||||||
Baker Hughes, Inc. | 1,089 | 49 | ||||||||
Chevron Corporation | 717 | 84 | ||||||||
ConocoPhillips | 695 | 40 | ||||||||
Devon Energy Corporation | 636 | 39 | ||||||||
Exxon Mobil Corporation | 1,492 | 136 | ||||||||
Hess Corporation | 1,004 | 54 | ||||||||
Occidental Petroleum Corporation | 565 | 49 | ||||||||
Schlumberger, Ltd. | 330 | 24 | ||||||||
* |
Southwestern Energy Co. | 758 | 26 | |||||||
|
|
|||||||||
547 | ||||||||||
|
|
|||||||||
Health Care12.7% | ||||||||||
Amgen, Inc. | 372 | 31 | ||||||||
Baxter International, Inc. | 907 | 54 | ||||||||
Cardinal Health, Inc. | 1,334 | 52 | ||||||||
* |
Express Scripts Holding Co. | 666 | 42 | |||||||
Merck & Co., Inc. | 1,666 | 75 | ||||||||
Pfizer, Inc. | 4,341 | 108 | ||||||||
UnitedHealth Group, Inc. | 791 | 44 | ||||||||
Zimmer Holdings, Inc. | 838 | 57 | ||||||||
|
|
|||||||||
463 | ||||||||||
|
|
|||||||||
Information Technology8.6% | ||||||||||
* |
Adobe Systems, Inc. | 1,544 | 50 | |||||||
* |
BMC Software, Inc. | 959 | 40 | |||||||
* |
Broadcom Corporation | 914 | 32 | |||||||
Corning, Inc. | 1,218 | 16 | ||||||||
Hewlett-Packard Co. | 1,583 | 27 |
See accompanying Notes to Portfolio of Investments.
Large Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Information Technology(continued) | ||||||||||
Intel Corporation | 611 | $ | 14 | |||||||
Microsoft Corporation | 1,325 | 39 | ||||||||
* |
NetApp, Inc. | 1,002 | 33 | |||||||
* |
Symantec Corporation | 2,532 | 45 | |||||||
* |
VeriFone Systems, Inc. | 650 | 18 | |||||||
|
|
|||||||||
314 | ||||||||||
|
|
|||||||||
Industrials8.4% | ||||||||||
Gardner Denver, Inc. | 542 | 33 | ||||||||
General Electric Co. | 4,719 | 107 | ||||||||
Honeywell International, Inc. | 287 | 17 | ||||||||
Kansas City Southern | 651 | 49 | ||||||||
SPX Corporation | 388 | 26 | ||||||||
Textron, Inc. | 2,039 | 53 | ||||||||
Union Pacific Corporation | 183 | 22 | ||||||||
|
|
|||||||||
307 | ||||||||||
|
|
|||||||||
Consumer Discretionary8.0% | ||||||||||
* |
Big Lots, Inc. | 938 | 28 | |||||||
Brunswick Corporation | 1,285 | 29 | ||||||||
* |
General Motors Co. | 1,494 | 34 | |||||||
Lear Corporation | 896 | 34 | ||||||||
Marriott International, Inc. | 401 | 16 | ||||||||
* |
MGM Resorts International | 2,161 | 23 | |||||||
* |
Saks, Inc. | 2,261 | 23 | |||||||
The Walt Disney Co. | 791 | 41 | ||||||||
Time Warner Cable, Inc. | 681 | 65 | ||||||||
|
|
|||||||||
293 | ||||||||||
|
|
|||||||||
Consumer Staples7.1% | ||||||||||
General Mills, Inc. | 1,322 | 53 | ||||||||
Kimberly-Clark Corporation | 419 | 36 | ||||||||
Molson Coors Brewing Co. | 735 | 33 | ||||||||
Philip Morris International, Inc. | 657 | 59 | ||||||||
The Procter & Gamble Co. | 1,125 | 78 | ||||||||
|
|
|||||||||
259 | ||||||||||
|
|
|||||||||
Utilities5.0% | ||||||||||
CMS Energy Corporation | 2,411 | 57 | ||||||||
NextEra Energy, Inc. | 875 | 62 | ||||||||
Wisconsin Energy Corporation | 1,686 | 63 | ||||||||
|
|
|||||||||
182 | ||||||||||
|
|
|||||||||
Materials3.8% | ||||||||||
Alcoa, Inc. | 2,400 | 21 | ||||||||
Freeport-McMoRan Copper & Gold, Inc. | 1,645 | 65 | ||||||||
Rockwood Holdings, Inc. | 723 | 34 | ||||||||
The Dow Chemical Co. | 674 | 19 | ||||||||
|
|
|||||||||
139 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Large Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Telecommunication Services3.2% | ||||||||||
AT&T, Inc. | 1,253 | $ | 47 | |||||||
CenturyLink, Inc. | 1,188 | 48 | ||||||||
Verizon Communications, Inc. | 479 | 22 | ||||||||
|
|
|||||||||
117 | ||||||||||
|
|
|||||||||
Total Common Stocks97.5%
|
3,556 | |||||||||
|
|
|||||||||
Total Investments97.5%
|
3,556 | |||||||||
Cash and other assets, less liabilities2.5% | 89 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 3,645 | ||||||||
|
|
* | Non-income producing securities |
= U.S. listed foreign security
See accompanying Notes to Portfolio of Investments.
Small Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Financials31.3% | ||||||||||
Acadia Realty Trust | 99,865 | $ | 2,479 | |||||||
Alterra Capital Holdings, Ltd. | 141,125 | 3,378 | ||||||||
Bank of the Ozarks, Inc. | 90,455 | 3,118 | ||||||||
Berkshire Hills Bancorp, Inc. | 115,628 | 2,646 | ||||||||
BioMed Realty Trust, Inc. | 124,655 | 2,334 | ||||||||
CoBiz Financial, Inc. | 287,490 | 2,012 | ||||||||
Coresite Realty Corporation | 57,790 | 1,557 | ||||||||
* |
Eagle Bancorp, Inc. | 158,397 | 2,648 | |||||||
East West Bancorp, Inc. | 114,200 | 2,412 | ||||||||
EastGroup Properties, Inc. | 45,800 | 2,437 | ||||||||
Education Realty Trust, Inc. | 221,710 | 2,417 | ||||||||
First Horizon National Corporation | 262,595 | 2,529 | ||||||||
* |
Forest City Enterprises, Inc. | 182,280 | 2,889 | |||||||
Highwoods Properties, Inc. | 69,995 | 2,283 | ||||||||
LaSalle Hotel Properties | 74,144 | 1,979 | ||||||||
Mid-America Apartment Communities, Inc. | 38,670 | 2,526 | ||||||||
* |
National Financial Partners Corporation | 188,275 | 3,182 | |||||||
National Retail Properties, Inc. | 88,575 | 2,702 | ||||||||
Old National Bancorp | 264,666 | 3,602 | ||||||||
PacWest Bancorp | 129,933 | 3,036 | ||||||||
Pebblebrook Hotel Trust | 103,264 | 2,415 | ||||||||
ProAssurance Corporation | 26,790 | 2,423 | ||||||||
Prosperity Bancshares, Inc. | 70,050 | 2,985 | ||||||||
* |
Safeguard Scientifics, Inc. | 203,131 | 3,187 | |||||||
Susquehanna Bancshares, Inc. | 225,975 | 2,364 | ||||||||
The Hanover Insurance Group, Inc. | 72,155 | 2,688 | ||||||||
Webster Financial Corporation | 147,230 | 3,489 | ||||||||
* |
West Coast Bancorp | 78,745 | 1,773 | |||||||
* |
Western Alliance Bancorp | 292,135 | 2,980 | |||||||
|
|
|||||||||
76,470 | ||||||||||
|
|
|||||||||
Industrials16.0% | ||||||||||
Actuant Corporation | 81,243 | 2,325 | ||||||||
Belden, Inc. | 91,115 | 3,360 | ||||||||
Cubic Corporation | 52,120 | 2,609 | ||||||||
EMCOR Group, Inc. | 113,086 | 3,228 | ||||||||
ESCO Technologies, Inc. | 87,687 | 3,407 | ||||||||
G&K Services, Inc. | 77,473 | 2,426 | ||||||||
* |
Hawaiian Holdings, Inc. | 184,116 | 1,029 | |||||||
Interface, Inc. | 138,155 | 1,825 | ||||||||
John Bean Technologies Corporation | 80,064 | 1,307 | ||||||||
* |
Kadant, Inc. | 97,194 | 2,254 | |||||||
* |
Moog, Inc. | 95,824 | 3,629 | |||||||
* |
Northwest Pipe Co. | 92,250 | 2,274 | |||||||
* |
Old Dominion Freight Line, Inc. | 70,625 | 2,130 | |||||||
Quanex Building Products Corporation | 126,330 | 2,380 | ||||||||
TAL International Group, Inc. | 66,540 | 2,261 | ||||||||
* |
Tetra Tech, Inc. | 95,857 | 2,517 | |||||||
|
|
|||||||||
38,961 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Small Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Consumer Discretionary12.6% | ||||||||||
Core-Mark Holding Co., Inc. | 42,235 | $ | 2,032 | |||||||
* |
Krispy Kreme Doughnuts, Inc. | 208,695 | 1,655 | |||||||
* |
Life Time Fitness, Inc. | 40,595 | 1,857 | |||||||
Meredith Corporation | 93,165 | 3,261 | ||||||||
Pier 1 Imports, Inc. | 177,745 | 3,331 | ||||||||
* |
Pinnacle Entertainment, Inc. | 285,980 | 3,503 | |||||||
Regis Corporation | 163,270 | 3,001 | ||||||||
* |
The Childrens Place Retail Stores, Inc. | 46,935 | 2,816 | |||||||
The Mens Wearhouse, Inc. | 88,285 | 3,040 | ||||||||
The PEP Boys-Manny, Moe & Jack | 194,800 | 1,983 | ||||||||
* |
The Warnaco Group, Inc. | 36,445 | 1,891 | |||||||
* |
WMS Industries, Inc. | 151,515 | 2,482 | |||||||
|
|
|||||||||
30,852 | ||||||||||
|
|
|||||||||
Information Technology10.6% | ||||||||||
ADTRAN, Inc. | 145,460 | 2,514 | ||||||||
* |
Cadence Design Systems, Inc. | 189,845 | 2,442 | |||||||
* |
Digital River, Inc. | 109,260 | 1,820 | |||||||
Earthlink, Inc. | 491,105 | 3,497 | ||||||||
* |
Integrated Device Technology, Inc. | 527,962 | 3,104 | |||||||
j2 Global Communications, Inc. | 79,160 | 2,598 | ||||||||
* |
Monolithic Power Systems, Inc. | 93,129 | 1,839 | |||||||
* |
Parametric Technology Corporation | 116,550 | 2,541 | |||||||
* |
Progress Software Corporation | 93,275 | 1,995 | |||||||
* |
Silicon Laboratories, Inc. | 61,030 | 2,244 | |||||||
* |
Ultra Clean Holdings | 244,067 | 1,394 | |||||||
|
|
|||||||||
25,988 | ||||||||||
|
|
|||||||||
Utilities7.0% | ||||||||||
ALLETE, Inc. | 70,010 | 2,922 | ||||||||
Chesapeake Utilities Corporation | 44,395 | 2,103 | ||||||||
Cleco Corporation | 78,095 | 3,278 | ||||||||
Northwest Natural Gas Co. | 55,145 | 2,715 | ||||||||
Southwest Gas Corporation | 67,835 | 2,998 | ||||||||
WGL Holdings, Inc. | 77,180 | 3,107 | ||||||||
|
|
|||||||||
17,123 | ||||||||||
|
|
|||||||||
Energy6.4% | ||||||||||
Bristow Group, Inc. | 44,830 | 2,266 | ||||||||
* |
Gulfmark Offshore, Inc. | 63,244 | 2,090 | |||||||
* |
Key Energy Services, Inc. | 222,735 | 1,559 | |||||||
* |
Magnum Hunter Resources Corporation | 519,376 | 2,306 | |||||||
* |
Swift Energy Co. | 155,495 | 3,247 | |||||||
* |
TETRA Technologies, Inc. | 303,370 | 1,835 | |||||||
Western Refining, Inc. | 86,090 | 2,254 | ||||||||
|
|
|||||||||
15,557 | ||||||||||
|
|
|||||||||
Materials6.2% | ||||||||||
Minerals Technologies, Inc. | 44,610 | 3,164 | ||||||||
PolyOne Corporation | 215,495 | 3,571 | ||||||||
* |
RTI International Metals, Inc. | 99,000 | 2,370 |
See accompanying Notes to Portfolio of Investments.
Small Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Materials(continued) | ||||||||||
Sensient Technologies Corporation | 80,530 | $ | 2,961 | |||||||
Silgan Holdings, Inc. | 68,860 | 2,996 | ||||||||
|
|
|||||||||
15,062 | ||||||||||
|
|
|||||||||
Health Care5.1% | ||||||||||
CONMED Corporation | 88,250 | 2,515 | ||||||||
* |
Greatbatch, Inc. | 101,755 | 2,476 | |||||||
* |
HealthSouth Corporation | 102,565 | 2,468 | |||||||
* |
Magellan Health Services, Inc. | 41,425 | 2,138 | |||||||
* |
Mednax, Inc. | 39,158 | 2,915 | |||||||
|
|
|||||||||
12,512 | ||||||||||
|
|
|||||||||
Consumer Staples2.1% | ||||||||||
J&J Snack Foods Corporation | 42,992 | 2,465 | ||||||||
Spartan Stores, Inc. | 165,679 | 2,536 | ||||||||
|
|
|||||||||
5,001 | ||||||||||
|
|
|||||||||
Telecommunication Services0.7% | ||||||||||
* |
tw telecom, Inc. | 68,050 | 1,774 | |||||||
|
|
|||||||||
Total Common Stocks98.0%
|
239,300 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $9,876, collateralized by U.S. Treasury Note, 1.25%, due 10/31/2015 |
$ | 9,876 | 9,876 | |||||||
|
|
|||||||||
Total Repurchase Agreement4.1%
|
9,876 | |||||||||
|
|
|||||||||
Total Investments102.1%
|
249,176 | |||||||||
Liabilities, plus cash and other assets(2.1)% | (5,078 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 244,098 | ||||||||
|
|
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Financials29.8% | ||||||||||
Alexandria Real Estate Equities, Inc. | 725 | $ | 53 | |||||||
Allied World Assurance Co. Holdings, Ltd. | 535 | 41 | ||||||||
American Campus Communities, Inc. | 905 | 40 | ||||||||
Ameriprise Financial, Inc. | 1,465 | 83 | ||||||||
Comerica, Inc. | 1,410 | 44 | ||||||||
Digital Realty Trust, Inc. | 500 | 35 | ||||||||
Discover Financial Services | 2,015 | 80 | ||||||||
East West Bancorp, Inc. | 2,150 | 45 | ||||||||
Essex Property Trust, Inc. | 245 | 36 | ||||||||
Fifth Third Bancorp | 3,310 | 51 | ||||||||
First Horizon National Corporation | 4,315 | 42 | ||||||||
* |
Forest City Enterprises, Inc. | 3,495 | 55 | |||||||
Host Hotels & Resorts, Inc. | 3,095 | 50 | ||||||||
Marsh & McLennan Cos., Inc. | 1,825 | 62 | ||||||||
Peoples United Financial, Inc. | 4,540 | 55 | ||||||||
Realty Income Corporation | 1,075 | 44 | ||||||||
SL Green Realty Corporation | 745 | 60 | ||||||||
SunTrust Banks, Inc. | 2,270 | 64 | ||||||||
Taubman Centers, Inc. | 500 | 38 | ||||||||
The Hanover Insurance Group, Inc. | 1,195 | 45 | ||||||||
The Hartford Financial Services Group, Inc. | 2,925 | 57 | ||||||||
Validus Holdings, Ltd. | 1,695 | 57 | ||||||||
Ventas, Inc. | 1,020 | 64 | ||||||||
|
|
|||||||||
1,201 | ||||||||||
|
|
|||||||||
Industrials12.5% | ||||||||||
Dover Corporation | 685 | 41 | ||||||||
Eaton Corporation | 1,545 | 73 | ||||||||
Hubbell, Inc. | 550 | 44 | ||||||||
Joy Global, Inc. | 685 | 38 | ||||||||
* |
Old Dominion Freight Line, Inc. | 1,160 | 35 | |||||||
PACCAR, Inc. | 1,060 | 43 | ||||||||
Pall Corporation | 870 | 55 | ||||||||
Parker Hannifin Corporation | 650 | 54 | ||||||||
Rockwell Automation, Inc. | 580 | 40 | ||||||||
Rockwell Collins, Inc. | 775 | 42 | ||||||||
Snap-On, Inc. | 565 | 41 | ||||||||
|
|
|||||||||
506 | ||||||||||
|
|
|||||||||
Utilities10.5% | ||||||||||
American Water Works Co., Inc. | 1,485 | 55 | ||||||||
Cleco Corporation | 920 | 38 | ||||||||
DTE Energy Co. | 900 | 54 | ||||||||
Northeast Utilities | 1,510 | 58 | ||||||||
NV Energy, Inc. | 2,815 | 51 | ||||||||
Pinnacle West Capital Corporation | 935 | 49 | ||||||||
Wisconsin Energy Corporation | 1,485 | 56 | ||||||||
Xcel Energy, Inc. | 2,170 | 60 | ||||||||
|
|
|||||||||
421 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Energy9.4% | ||||||||||
Pioneer Natural Resources Co. | 630 | $ | 66 | |||||||
* |
Plains Exploration & Production Co. | 1,225 | 46 | |||||||
* |
Rowan Cos. plc | 1,575 | 53 | |||||||
SM Energy Co. | 860 | 46 | ||||||||
* |
Superior Energy Services, Inc. | 1,745 | 36 | |||||||
Valero Energy Corporation | 2,470 | 78 | ||||||||
* |
Whiting Petroleum Corporation | 1,160 | 55 | |||||||
|
|
|||||||||
380 | ||||||||||
|
|
|||||||||
Information Technology9.2% | ||||||||||
* |
Atmel Corporation | 5,140 | 27 | |||||||
* |
Ingram Micro, Inc. | 2,790 | 43 | |||||||
* |
Juniper Networks, Inc. | 2,500 | 43 | |||||||
Linear Technology Corporation | 1,325 | 42 | ||||||||
* |
Parametric Technology Corporation | 2,030 | 44 | |||||||
TE Connectivity, Ltd. | 1,890 | 64 | ||||||||
* |
VeriSign, Inc. | 905 | 44 | |||||||
Xerox Corporation | 8,640 | 64 | ||||||||
|
|
|||||||||
371 | ||||||||||
|
|
|||||||||
Consumer Discretionary8.0% | ||||||||||
Autoliv, Inc. | 525 | 33 | ||||||||
* |
Bed Bath & Beyond, Inc. | 510 | 32 | |||||||
Coach, Inc. | 640 | 36 | ||||||||
DISH Network Corporation | 1,610 | 49 | ||||||||
H&R Block, Inc. | 2,415 | 42 | ||||||||
Kohls Corporation | 780 | 40 | ||||||||
Newell Rubbermaid, Inc. | 2,605 | 50 | ||||||||
VF Corporation | 265 | 42 | ||||||||
|
|
|||||||||
324 | ||||||||||
|
|
|||||||||
Health Care6.9% | ||||||||||
* |
CareFusion Corporation | 1,880 | 53 | |||||||
CIGNA Corporation | 1,365 | 64 | ||||||||
* |
Laboratory Corporation of America Holdings | 515 | 48 | |||||||
* |
Mettler-Toledo International, Inc. | 310 | 53 | |||||||
Zimmer Holdings, Inc. | 865 | 59 | ||||||||
|
|
|||||||||
277 | ||||||||||
|
|
|||||||||
Consumer Staples5.6% | ||||||||||
ConAgra Foods, Inc. | 2,385 | 66 | ||||||||
HJ Heinz Co. | 1,050 | 59 | ||||||||
Ingredion, Inc. | 1,015 | 56 | ||||||||
The Kroger Co. | 1,965 | 46 | ||||||||
|
|
|||||||||
227 | ||||||||||
|
|
|||||||||
Materials4.9% | ||||||||||
Airgas, Inc. | 640 | 53 | ||||||||
Carpenter Technology Corporation | 855 | 45 | ||||||||
FMC Corporation | 1,150 | 64 |
See accompanying Notes to Portfolio of Investments.
Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) | ||||||||||
Materials(continued) | ||||||||||
Steel Dynamics, Inc. | 3,350 | $ | 37 | |||||||
|
|
|||||||||
199 | ||||||||||
|
|
|||||||||
Telecommunication Services0.7% | ||||||||||
* |
tw telecom, Inc. | 1,110 | 29 | |||||||
|
|
|||||||||
Total Common Stocks97.5%
|
3,935 | |||||||||
|
|
|||||||||
Repurchase Agreement | ||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $157, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 157 | 157 | |||||||
|
|
|||||||||
Total Repurchase Agreement3.9%
|
157 | |||||||||
|
|
|||||||||
Total Investments101.4%
|
4,092 | |||||||||
Liabilities, plus cash and other assets(1.4)% | (58 | ) | ||||||||
|
|
|||||||||
Net assets100.0% | $ | 4,034 | ||||||||
|
|
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Financials28.5% | ||||||||||
Alexandria Real Estate Equities, Inc. | 325 | $ | 24 | |||||||
Allied World Assurance Co. Holdings, Ltd. | 225 | 17 | ||||||||
Alterra Capital Holdings, Ltd. | 935 | 22 | ||||||||
Bank of the Ozarks, Inc. | 565 | 19 | ||||||||
Comerica, Inc. | 825 | 26 | ||||||||
East West Bancorp, Inc. | 755 | 16 | ||||||||
EastGroup Properties, Inc. | 330 | 18 | ||||||||
Education Realty Trust, Inc. | 1,640 | 18 | ||||||||
Essex Property Trust, Inc. | 105 | 16 | ||||||||
First Horizon National Corporation | 2,515 | 24 | ||||||||
* |
Forest City Enterprises, Inc. | 1,315 | 21 | |||||||
Highwoods Properties, Inc. | 605 | 20 | ||||||||
LaSalle Hotel Properties | 438 | 12 | ||||||||
Mid-America Apartment Communities, Inc. | 240 | 16 | ||||||||
* |
National Financial Partners Corporation | 1,415 | 24 | |||||||
National Retail Properties, Inc. | 830 | 25 | ||||||||
Old National Bancorp | 2,205 | 30 | ||||||||
PacWest Bancorp | 914 | 21 | ||||||||
Pebblebrook Hotel Trust | 743 | 17 | ||||||||
Peoples United Financial, Inc. | 2,740 | 33 | ||||||||
ProAssurance Corporation | 260 | 23 | ||||||||
Prosperity Bancshares, Inc. | 555 | 24 | ||||||||
Realty Income Corporation | 530 | 22 | ||||||||
SL Green Realty Corporation | 355 | 28 | ||||||||
Susquehanna Bancshares, Inc. | 1,615 | 17 | ||||||||
Taubman Centers, Inc. | 215 | 16 | ||||||||
The Hanover Insurance Group, Inc. | 505 | 19 | ||||||||
The Hartford Financial Services Group, Inc. | 1,225 | 24 | ||||||||
Validus Holdings, Ltd. | 845 | 29 | ||||||||
Webster Financial Corporation | 1,210 | 29 | ||||||||
* |
Western Alliance Bancorp | 1,670 | 17 | |||||||
|
|
|||||||||
667 | ||||||||||
|
|
|||||||||
Industrials15.6% | ||||||||||
Actuant Corporation | 777 | 22 | ||||||||
Belden, Inc. | 805 | 30 | ||||||||
Cubic Corporation | 375 | 19 | ||||||||
EMCOR Group, Inc. | 925 | 26 | ||||||||
ESCO Technologies, Inc. | 770 | 30 | ||||||||
G&K Services, Inc. | 650 | 20 | ||||||||
Hubbell, Inc. | 265 | 21 | ||||||||
Interface, Inc. | 1,195 | 16 | ||||||||
Joy Global, Inc. | 405 | 23 | ||||||||
* |
Moog, Inc. | 820 | 31 | |||||||
* |
Old Dominion Freight Line, Inc. | 680 | 21 | |||||||
Pall Corporation | 460 | 29 | ||||||||
Quanex Building Products Corporation | 1,070 | 20 | ||||||||
Snap-On, Inc. | 250 | 18 | ||||||||
TAL International Group, Inc. | 465 | 16 | ||||||||
* |
Tetra Tech, Inc. | 919 | 24 | |||||||
|
|
|||||||||
366 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Consumer Discretionary13.4% | ||||||||||
Autoliv, Inc. | 365 | $ | 23 | |||||||
Core-Mark Holding Co., Inc. | 330 | 16 | ||||||||
H&R Block, Inc. | 1,390 | 24 | ||||||||
* |
Krispy Kreme Doughnuts, Inc. | 1,787 | 14 | |||||||
* |
Life Time Fitness, Inc. | 390 | 18 | |||||||
Meredith Corporation | 755 | 26 | ||||||||
Newell Rubbermaid, Inc. | 1,260 | 24 | ||||||||
Pier 1 Imports, Inc. | 1,380 | 26 | ||||||||
* |
Pinnacle Entertainment, Inc. | 2,120 | 26 | |||||||
Regis Corporation | 1,255 | 23 | ||||||||
* |
The Childrens Place Retail Stores, Inc. | 360 | 22 | |||||||
The Mens Wearhouse, Inc. | 685 | 23 | ||||||||
The PEP Boys-Manny, Moe & Jack | 1,520 | 15 | ||||||||
* |
The Warnaco Group, Inc. | 235 | 12 | |||||||
* |
WMS Industries, Inc. | 1,380 | 23 | |||||||
|
|
|||||||||
315 | ||||||||||
|
|
|||||||||
Information Technology9.7% | ||||||||||
ADTRAN, Inc. | 1,118 | 19 | ||||||||
* |
Atmel Corporation | 2,290 | 12 | |||||||
* |
Cadence Design Systems, Inc. | 1,380 | 18 | |||||||
* |
Digital River, Inc. | 785 | 13 | |||||||
Earthlink, Inc. | 3,730 | 27 | ||||||||
* |
Ingram Micro, Inc. | 1,200 | 18 | |||||||
* |
Integrated Device Technology, Inc. | 4,510 | 27 | |||||||
j2 Global Communications, Inc. | 570 | 19 | ||||||||
* |
Monolithic Power Systems, Inc. | 713 | 14 | |||||||
* |
Parametric Technology Corporation | 1,010 | 22 | |||||||
* |
Progress Software Corporation | 900 | 19 | |||||||
* |
VeriSign, Inc. | 395 | 19 | |||||||
|
|
|||||||||
227 | ||||||||||
|
|
|||||||||
Utilities8.9% | ||||||||||
ALLETE, Inc. | 525 | 22 | ||||||||
American Water Works Co., Inc. | 830 | 31 | ||||||||
Cleco Corporation | 600 | 25 | ||||||||
Northwest Natural Gas Co. | 505 | 25 | ||||||||
NV Energy, Inc. | 1,520 | 27 | ||||||||
Pinnacle West Capital Corporation | 505 | 27 | ||||||||
Southwest Gas Corporation | 565 | 25 | ||||||||
WGL Holdings, Inc. | 650 | 26 | ||||||||
|
|
|||||||||
208 | ||||||||||
|
|
|||||||||
Energy7.5% | ||||||||||
Bristow Group, Inc. | 285 | 14 | ||||||||
* |
Gulfmark Offshore, Inc. | 540 | 18 | |||||||
* |
Key Energy Services, Inc. | 2,130 | 15 | |||||||
* |
Magnum Hunter Resources Corporation | 3,266 | 14 | |||||||
* |
Plains Exploration & Production Co. | 585 | 22 | |||||||
* |
Rowan Cos. plc | 715 | 24 | |||||||
SM Energy Co. | 315 | 17 |
See accompanying Notes to Portfolio of Investments.
Small-Mid Cap Value Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Energy(continued) | ||||||||||
* |
Swift Energy Co. | 985 | $ | 21 | ||||||
* |
TETRA Technologies, Inc. | 1,575 | 9 | |||||||
Western Refining, Inc. | 825 | 22 | ||||||||
|
|
|||||||||
176 | ||||||||||
|
|
|||||||||
Materials7.0% | ||||||||||
Airgas, Inc. | 250 | 21 | ||||||||
Carpenter Technology Corporation | 270 | 14 | ||||||||
FMC Corporation | 410 | 23 | ||||||||
Minerals Technologies, Inc. | 265 | 19 | ||||||||
PolyOne Corporation | 1,210 | 20 | ||||||||
* |
RTI International Metals, Inc. | 700 | 17 | |||||||
Sensient Technologies Corporation | 420 | 15 | ||||||||
Silgan Holdings, Inc. | 485 | 21 | ||||||||
Steel Dynamics, Inc. | 1,250 | 14 | ||||||||
|
|
|||||||||
164 | ||||||||||
|
|
|||||||||
Health Care5.8% | ||||||||||
* |
CareFusion Corporation | 850 | 24 | |||||||
CONMED Corporation | 480 | 14 | ||||||||
* |
Greatbatch, Inc. | 540 | 13 | |||||||
* |
HealthSouth Corporation | 880 | 21 | |||||||
* |
Magellan Health Services, Inc. | 295 | 16 | |||||||
* |
Mednax, Inc. | 365 | 27 | |||||||
* |
Mettler-Toledo International, Inc. | 130 | 22 | |||||||
|
|
|||||||||
137 | ||||||||||
|
|
|||||||||
Consumer Staples2.8% | ||||||||||
Ingredion, Inc. | 565 | 31 | ||||||||
J&J Snack Foods Corporation | 260 | 15 | ||||||||
Spartan Stores, Inc. | 1,225 | 19 | ||||||||
|
|
|||||||||
65 | ||||||||||
|
|
|||||||||
Telecommunication Services0.7% | ||||||||||
* |
tw telecom, Inc. | 650 | 17 | |||||||
|
|
|||||||||
Total Common Stocks99.9%
|
2,342 | |||||||||
|
|
|||||||||
Total Investments99.9%
|
2,342 | |||||||||
Cash and other assets, less liabilities0.1% | 1 | |||||||||
|
|
|||||||||
Net assets100.0% | $ | 2,343 | ||||||||
|
|
= U.S. listed foreign security
* | Non-income producing securities |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency41.0% |
||||||||||
U.S. Treasury Inflation Indexed Notes/Bonds7.4% |
||||||||||
U.S. Treasury Inflation Indexed Note, 2.375%, due 1/15/17 |
$ | 5,857 | $ | 6,869 | ||||||
U.S. Treasury Inflation Indexed Bond, 3.875%, due 4/15/29 |
8,502 | 14,114 | ||||||||
|
|
|||||||||
Total U.S. Treasury Inflation Indexed Notes/Bonds |
20,983 | |||||||||
|
|
|||||||||
U.S. Treasury1.0% |
||||||||||
U.S. Treasury Bond, 3.125%, due 2/15/42 |
525 | 558 | ||||||||
U.S. Treasury Strip Principal, 0.000%, due 5/15/20 |
2,575 | 2,347 | ||||||||
|
|
|||||||||
Total U.S. Treasury Obligations |
2,905 | |||||||||
|
|
|||||||||
Government National Mortgage Association (GNMA)2.7% |
||||||||||
#344834, 6.250%, due 7/15/13 |
3 | 3 | ||||||||
#344902, 6.250%, due 3/15/14 |
5 | 5 | ||||||||
#623162, 6.500%, due 7/15/18 |
40 | 44 | ||||||||
#616250, 6.000%, due 2/15/24 |
10 | 11 | ||||||||
#422470, 7.500%, due 3/15/26 |
1 | 1 | ||||||||
#509405, 7.500%, due 8/15/29 |
1 | 2 | ||||||||
GNR 2004-2 M5, 4.891%, due 7/16/34 |
125 | 137 | ||||||||
GNR 2006-67 GB, 4.711%, due 9/16/34, VRN |
961 | 988 | ||||||||
#699118, 6.000%, due 9/15/38 |
5,596 | 6,371 | ||||||||
|
|
|||||||||
Total GNMA Mortgage Obligations |
7,562 | |||||||||
|
|
|||||||||
Federal Home Loan Mortgage Corp. (FHLMC)7.1% |
||||||||||
#J16051, 4.500%, due 7/1/26 |
1,279 | 1,406 | ||||||||
#G01728, 7.500%, due 7/1/32 |
262 | 322 | ||||||||
#C01385, 6.500%, due 8/1/32 |
263 | 304 | ||||||||
#A13303, 5.000%, due 9/1/33 |
508 | 570 | ||||||||
#C01623, 5.500%, due 9/1/33 |
377 | 415 | ||||||||
#A15039, 5.500%, due 10/1/33 |
7 | 8 | ||||||||
#G01843, 6.000%, due 6/1/35 |
71 | 80 | ||||||||
#G02141, 6.000%, due 3/1/36 |
1,484 | 1,664 | ||||||||
#A62179, 6.000%, due 6/1/37 |
769 | 862 | ||||||||
#A63539, 6.000%, due 7/1/37 |
943 | 1,057 | ||||||||
#A62858, 6.500%, due 7/1/37 |
505 | 570 | ||||||||
#G03170, 6.500%, due 8/1/37 |
1,195 | 1,348 | ||||||||
#A66843, 6.500%, due 10/1/37 |
1,795 | 2,043 | ||||||||
#A78138, 5.500%, due 6/1/38 |
1,048 | 1,176 | ||||||||
#G04544, 6.000%, due 8/1/38 |
3,247 | 3,608 | ||||||||
#A81799, 6.500%, due 9/1/38 |
2,188 | 2,490 | ||||||||
#C03665, 9.000%, due 4/1/41 |
1,639 | 2,043 | ||||||||
|
|
|||||||||
Total FHLMC Mortgage Obligations |
19,966 | |||||||||
|
|
|||||||||
Federal National Mortgage Association (FNMA)22.8% |
||||||||||
#124947, 7.000%, due 7/1/13 |
1 | 1 | ||||||||
#576553, 8.000%, due 2/1/16 |
9 | 10 | ||||||||
#580793, 6.000%, due 4/1/16 |
2 | 2 | ||||||||
#624506, 6.000%, due 1/1/17 |
2 | 2 | ||||||||
#679247, 7.000%, due 8/1/17 |
9 | 10 | ||||||||
#689612, 5.000%, due 5/1/18 |
250 | 276 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||
#695910, 5.000%, due 5/1/18 |
$ | 504 | $ | 557 | ||||||
#697593, 5.000%, due 5/1/18 |
442 | 488 | ||||||||
#770395, 5.000%, due 4/1/19 |
9 | 10 | ||||||||
#900725, 6.000%, due 8/1/21 |
119 | 132 | ||||||||
#893325, 7.000%, due 9/1/21 |
9 | 10 | ||||||||
#AA2924, 4.500%, due 4/1/24 |
873 | 965 | ||||||||
#255956, 5.500%, due 10/1/25 |
56 | 62 | ||||||||
#AB2256, 3.500%, due 2/1/26 |
1,240 | 1,351 | ||||||||
#890329, 4.000%, due 4/1/26 |
491 | 537 | ||||||||
#AI9811, 4.500%, due 8/1/26 |
526 | 582 | ||||||||
#AH9564, 3.500%, due 9/1/26 |
1,062 | 1,157 | ||||||||
#AJ8149, 3.500%, due 12/1/26 |
1,327 | 1,446 | ||||||||
#AJ9402, 4.000%, due 12/1/26 |
2,249 | 2,471 | ||||||||
#AB4818, 4.000%, due 4/1/27 |
1,243 | 1,366 | ||||||||
#AP0446, 3.500%, due 7/1/27 |
3,462 | 3,772 | ||||||||
#252925, 7.500%, due 12/1/29 |
3 | 3 | ||||||||
#535977, 6.500%, due 4/1/31 |
23 | 27 | ||||||||
#253907, 7.000%, due 7/1/31 |
4 | 4 | ||||||||
#587849, 6.500%, due 11/1/31 |
33 | 39 | ||||||||
#545437, 7.000%, due 2/1/32 |
133 | 155 | ||||||||
#545759, 6.500%, due 7/1/32 |
1,400 | 1,619 | ||||||||
#678007, 6.000%, due 9/1/32 |
25 | 28 | ||||||||
#254548, 5.500%, due 12/1/32 |
63 | 70 | ||||||||
#684601, 6.000%, due 3/1/33 |
1,392 | 1,578 | ||||||||
#703391, 5.000%, due 5/1/33 |
218 | 248 | ||||||||
#708993, 5.000%, due 6/1/33 |
80 | 91 | ||||||||
#190340, 5.000%, due 9/1/33 |
194 | 214 | ||||||||
#254868, 5.000%, due 9/1/33 |
20 | 22 | ||||||||
#727056, 5.000%, due 9/1/33 |
996 | 1,135 | ||||||||
#739243, 6.000%, due 9/1/33 |
1,568 | 1,777 | ||||||||
#739331, 6.000%, due 9/1/33 |
752 | 852 | ||||||||
#555800, 5.500%, due 10/1/33 |
213 | 236 | ||||||||
#555946, 5.500%, due 11/1/33 |
677 | 776 | ||||||||
#756153, 5.500%, due 11/1/33 |
1,642 | 1,870 | ||||||||
#725017, 5.500%, due 12/1/33 |
79 | 90 | ||||||||
#725205, 5.000%, due 3/1/34 |
2,508 | 2,756 | ||||||||
#725232, 5.000%, due 3/1/34 |
2,702 | 2,969 | ||||||||
#725238, 5.000%, due 3/1/34 |
944 | 1,037 | ||||||||
#763798, 5.500%, due 3/1/34 |
287 | 326 | ||||||||
#776964, 5.000%, due 4/1/34 |
661 | 749 | ||||||||
#725611, 5.500%, due 6/1/34 |
330 | 366 | ||||||||
#783786, 5.500%, due 7/1/34 |
267 | 305 | ||||||||
#786546, 6.000%, due 7/1/34 |
701 | 793 | ||||||||
#787816, 6.000%, due 7/1/34 |
735 | 833 | ||||||||
#190353, 5.000%, due 8/1/34 |
287 | 313 | ||||||||
#794474, 6.000%, due 10/1/34 |
142 | 160 | ||||||||
#745092, 6.500%, due 7/1/35 |
981 | 1,135 | ||||||||
#357944, 6.000%, due 9/1/35 |
84 | 95 | ||||||||
#829306, 6.000%, due 9/1/35 |
1,039 | 1,169 | ||||||||
#836140, 5.500%, due 10/1/35 |
115 | 132 | ||||||||
#843487, 6.000%, due 10/1/35 |
215 | 243 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||||||
#849191, 6.000%, due 1/1/36 |
$ | 439 | $ | 495 | ||||||||||
#848782, 6.500%, due 1/1/36 |
619 | 707 | ||||||||||||
#745349, 6.500%, due 2/1/36 |
871 | 995 | ||||||||||||
#888305, 7.000%, due 3/1/36 |
22 | 27 | ||||||||||||
#895637, 6.500%, due 5/1/36 |
345 | 393 | ||||||||||||
#831540, 6.000%, due 6/1/36 |
128 | 144 | ||||||||||||
#745802, 6.000%, due 7/1/36 |
467 | 529 | ||||||||||||
#886220, 6.000%, due 7/1/36 |
1,010 | 1,145 | ||||||||||||
#893318, 6.500%, due 8/1/36 |
157 | 179 | ||||||||||||
#902974, 6.000%, due 12/1/36 |
999 | 1,123 | ||||||||||||
#909480, 6.000%, due 2/1/37 |
1,006 | 1,134 | ||||||||||||
#938440, 6.000%, due 7/1/37 |
465 | 522 | ||||||||||||
#928561, 6.000%, due 8/1/37 |
563 | 638 | ||||||||||||
#948689, 6.000%, due 8/1/37 |
898 | 1,001 | ||||||||||||
#946646, 6.000%, due 9/1/37 |
287 | 323 | ||||||||||||
#888967, 6.000%, due 12/1/37 |
1,884 | 2,136 | ||||||||||||
#889385, 6.000%, due 2/1/38 |
578 | 653 | ||||||||||||
#962058, 6.500%, due 3/1/38 |
3,863 | 4,419 | ||||||||||||
#934006, 6.500%, due 9/1/38 |
1,295 | 1,481 | ||||||||||||
#986856, 6.500%, due 9/1/38 |
1,004 | 1,139 | ||||||||||||
#991911, 7.000%, due 11/1/38 |
691 | 790 | ||||||||||||
#931492, 6.000%, due 7/1/39 |
331 | 375 | ||||||||||||
#AA6898, 6.000%, due 7/1/39 |
1,717 | 1,946 | ||||||||||||
#AE0082, 5.000%, due 5/1/40 |
1,316 | 1,471 | ||||||||||||
#AL0913, 6.000%, due 7/1/41 |
1,138 | 1,279 | ||||||||||||
|
|
|||||||||||||
Total FNMA Mortgage Obligations |
64,466 | |||||||||||||
|
|
|||||||||||||
Non-Agency Mortgage-Backed Obligations0.2% |
||||||||||||||
First Plus Home Loan Trust, 1997-4, Tranche M1,
|
D | 199 | 167 | |||||||||||
First Horizon Asset Securities, Inc., 2004-AR4, Tranche 3A1,
|
Aaa | 385 | 385 | |||||||||||
|
|
|||||||||||||
Total Non-Agency Mortgage-Backed Obligations |
552 | |||||||||||||
|
|
|||||||||||||
Asset-Backed Securities3.0% |
||||||||||||||
Avis Budget Rental Car Funding AESOP LLC144A, 2009-1A, Tranche A,
|
Aa1 | 375 | 377 | |||||||||||
Hertz Vehicle Financing LLC144A, 2009-2A, Tranche A1,
|
Aaa | 2,280 | 2,303 | |||||||||||
Hertz Vehicle Financing LLC144A, 2009-2A, Tranche A2,
|
Aaa | 600 | 658 | |||||||||||
Avis Budget Rental Car Funding AESOP LLC144A, 2010-3A, Tranche A,
|
Aaa | 100 | 109 | |||||||||||
Centre Point Funding LLC144A, 2010-1A, Tranche 1,
|
A2 | 2,005 | 2,101 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Asset-Backed Securities(continued) |
||||||||||||||
GE Capital Credit Card Master Note Trust, 2012-6, Tranche B,
|
AA- | $ | 2,800 | $ | 2,825 | |||||||||
|
|
|||||||||||||
Total Asset-Backed Securities |
8,373 | |||||||||||||
|
|
|||||||||||||
Corporate Obligations55.0% |
||||||||||||||
Petrobras International Finance Co.,
|
A3 | 1,400 | 1,586 | |||||||||||
Ally Financial, Inc.,
|
BB- | 1,788 | 1,869 | |||||||||||
American International Group, Inc.,
|
A- | 2,375 | 2,555 | |||||||||||
Penske Truck Leasing Co. L.P.144A,
|
BBB+ | 2,000 | 2,052 | |||||||||||
ERP Operating L.P.,
|
BBB+ | 2,075 | 2,469 | |||||||||||
JPMorgan Chase & Co.,
|
A | 600 | 706 | |||||||||||
General Motors Financial Co., Inc.144A,
|
BB | 1,000 | 1,025 | |||||||||||
American Express Co.,
|
A+ | 2,050 | 2,494 | |||||||||||
Capital One Financial Corporation,
|
A- | 1,900 | 2,327 | |||||||||||
Exelon Generation Co. LLC,
|
Baa1 | 1,160 | 1,381 | |||||||||||
Toll Brothers Finance Corporation,
|
BBB- | 1,050 | 1,336 | |||||||||||
Motorola Solutions, Inc.,
|
BBB | 2,050 | 2,447 | |||||||||||
Triumph Group, Inc.,
|
B+ | 1,550 | 1,690 | |||||||||||
American Tower Corporation,
|
Baa3 | 1,200 | 1,324 | |||||||||||
Morgan Stanley,
|
A | 2,575 | 2,959 | |||||||||||
Simon Property Group L.P.,
|
A- | 1,800 | 2,198 | |||||||||||
Petrohawk Energy Corporation,
|
A | 1,050 | 1,193 | |||||||||||
Merrill Lynch & Co., Inc.,
|
A | 1,100 | 1,328 | |||||||||||
CSX Corporation,
|
BBB | 870 | 1,113 | |||||||||||
BHP Billiton Finance USA, Ltd.,
|
A+ | 1,300 | 1,655 | |||||||||||
Owens Corning,
|
BBB- | 1,050 | 1,322 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) |
||||||||||||||
Discovery Communications LLC,
|
BBB | $ | 550 | $ | 664 | |||||||||
Roper Industries, Inc.,
|
BBB | 1,850 | 2,244 | |||||||||||
Continental Rubber Of America Corp.144A,
|
BB- | 250 | 255 | |||||||||||
Republic Services, Inc.,
|
BBB | 1,725 | 2,043 | |||||||||||
SBA Communications Corp.144A,
|
B2 | 250 | 254 | |||||||||||
Boston Properties L.P.,
|
A- | 1,575 | 1,884 | |||||||||||
Crown Castle International Corporation,
|
BB- | 1,550 | 1,682 | |||||||||||
Toll Brothers Finance Corporation,
|
BBB- | 500 | 570 | |||||||||||
Ford Motor Credit Co. LLC,
|
Baa3 | 3,050 | 3,832 | |||||||||||
Jarden Corporation,
|
B | 1,550 | 1,713 | |||||||||||
Johnson Controls, Inc.,
|
BBB+ | 1,675 | 1,906 | |||||||||||
The Goldman Sachs Group, Inc.,
|
A | 2,575 | 2,969 | |||||||||||
Hologic, Inc.144A,
|
BB | 1,100 | 1,166 | |||||||||||
Citigroup, Inc.,
|
A | 2,050 | 2,370 | |||||||||||
Alcoa, Inc.,
|
BBB- | 2,050 | 2,262 | |||||||||||
Omnicom Group, Inc.,
|
BBB+ | 2,075 | 2,309 | |||||||||||
The Goodyear Tire & Rubber Co.,
|
B+ | 1,500 | 1,661 | |||||||||||
Georgia-Pacific LLC144A,
|
A- | 1,500 | 1,758 | |||||||||||
Progress Energy, Inc.,
|
BBB | 1,675 | 1,881 | |||||||||||
Standard Pacific Corporation,
|
B | 1,750 | 1,997 | |||||||||||
Petrobras International Finance Co.,
|
A3 | 1,200 | 1,352 | |||||||||||
L-3 Communications Corporation,
|
BBB- | 2,430 | 2,708 | |||||||||||
Wyndham Worldwide Corporation,
|
BBB- | 1,000 | 1,103 | |||||||||||
Ball Corporation,
|
BB+ | 1,550 | 1,670 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) |
||||||||||||||
Energizer Holdings, Inc.,
|
BBB- | $ | 2,050 | $ | 2,171 | |||||||||
Discovery Communications LLC,
|
BBB | 1,000 | 1,122 | |||||||||||
OReilly Automotive, Inc.,
|
BBB | 2,275 | 2,480 | |||||||||||
Corporation Nacional del Cobre de Chile144A,
|
A1 | 1,900 | 2,065 | |||||||||||
Itau Unibanco Holding S.A.144A,
|
Baa2 | 2,500 | 2,719 | |||||||||||
SABMiller Holdings, Inc.144A,
|
BBB+ | 2,000 | 2,172 | |||||||||||
SLM Corporation,
|
BBB- | 2,075 | 2,324 | |||||||||||
Fresenius Medical Care US Finance II, Inc.144A,
|
BB+ | 1,000 | 1,070 | |||||||||||
Lamar Media Corporation,
|
BB- | 1,550 | 1,651 | |||||||||||
Masco Corporation,
|
BBB- | 1,675 | 1,835 | |||||||||||
BE Aerospace, Inc.,
|
BB | 1,550 | 1,612 | |||||||||||
Pinnacle Entertainment, Inc.,
|
B | 1,315 | 1,433 | |||||||||||
Discover Financial Services144A,
|
BBB | 2,150 | 2,356 | |||||||||||
Kraft Foods Group, Inc.144A,
|
BBB | 1,900 | 2,008 | |||||||||||
Embraer S.A.,
|
BBB- | 2,500 | 2,683 | |||||||||||
Comcast Corporation,
|
BBB+ | 1,000 | 1,037 | |||||||||||
America Movil S.A.B. de C.V.,
|
A2 | 2,850 | 2,937 | |||||||||||
PPG Industries, Inc.,
|
A- | 1,000 | 1,003 | |||||||||||
DR Horton, Inc.,
|
Ba2 | 2,350 | 2,335 | |||||||||||
Mexichem S.A.B. de C.V.144A,
|
BBB- | 1,500 | 1,523 | |||||||||||
Colombia Telecomunicaciones S.A. ESP144A,
|
BB | 1,000 | 1,015 | |||||||||||
WEA Finance LLC144A,
|
A2 | 2,650 | 2,634 | |||||||||||
American Axle & Manufacturing, Inc.,
|
B | 1,550 | 1,569 | |||||||||||
Continental Airlines 2012-1 Class A Pass Thru Trusts,
|
A- | 2,375 | 2,423 |
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||||
Corporate Obligations(continued) |
||||||||||||||||
The Kroger Co.,
|
BBB | $ | 450 | $ | 597 | |||||||||||
Conoco Funding Co.,
|
A1 | 450 | 676 | |||||||||||||
Kohls Corporation,
|
BBB+ | 1,065 | 1,242 | |||||||||||||
Wisconsin Electric Power Co.,
|
A+ | 525 | 680 | |||||||||||||
Comcast Corporation,
|
BBB+ | 650 | 837 | |||||||||||||
Yum! Brands, Inc.,
|
BBB | 625 | 854 | |||||||||||||
JPMorgan Chase & Co.,
|
A+ | 1,470 | 1,901 | |||||||||||||
COX Communications, Inc.144A,
|
BBB+ | 370 | 478 | |||||||||||||
General Electric Capital Corporation,
|
AA+ | 750 | 1,002 | |||||||||||||
Abbott Laboratories,
|
AA | 2,250 | 3,155 | |||||||||||||
Burlington Northern Santa Fe LLC,
|
A3 | 1,565 | 1,960 | |||||||||||||
Illinois Tool Works, Inc.,
|
A+ | 900 | 1,054 | |||||||||||||
Union Pacific Corporation,
|
A- | 1,450 | 1,635 | |||||||||||||
Aristotle Holding, Inc.144A,
|
BBB+ | 2,500 | 3,246 | |||||||||||||
Philip Morris International, Inc.,
|
A | 2,075 | 2,240 | |||||||||||||
Gilead Sciences, Inc.,
|
A- | 1,775 | 2,220 | |||||||||||||
Citigroup, Inc.,
|
A | 750 | 904 | |||||||||||||
Bank of America Corporation,
|
A | 2,375 | 2,776 | |||||||||||||
CSX Corporation,
|
BBB | 1,225 | 1,332 | |||||||||||||
Odebrecht Finance Ltd.144A,
|
BBB- | 1,000 | 1,112 | |||||||||||||
|
|
|||||||||||||||
Total Corporate Obligations |
155,360 | |||||||||||||||
|
|
|||||||||||||||
Total Long-Term Investments99.2%
|
280,167 | |||||||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Bond Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Repurchase Agreement |
||||||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $2,917, collateralized by U.S. Treasury Note, 1.500%, due 7/31/16 |
Aaa | $ | 2,917 | $ | 2,917 | |||||||||
|
|
|||||||||||||
Total Repurchase Agreement1.0%
|
2,917 | |||||||||||||
|
|
|||||||||||||
Total Investments100.2%
|
283,084 | |||||||||||||
Liabilities, plus cash and other assets(0.2)% |
(605 | ) | ||||||||||||
|
|
|||||||||||||
Net assets100.0% |
$ | 282,479 | ||||||||||||
|
|
NRSRO = Nationally Recognized Statistical Rating OrganizationThe credit quality ratings of the securities in the Fund reflect the highest category rating by either Fitch Ratings, Moodys Investors Service Inc., or Standard & Poors, a division of the McGraw-Hill Companies, Inc. The obligations of certain U. S. Government-sponsored securities are neither issued nor guaranteed by the U. S. Treasury.
VRN = Variable Rate Note
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. This holding represents 0.06% of the net assets at September 30, 2012.
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. This holding represents 0.06% of the Funds net assets at September 30, 2012.
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency46.8% |
||||||||||
U.S. Treasury Inflation Indexed Notes/Bonds5.8% |
||||||||||
U.S. Treasury Inflation Indexed Note, 2.375%, due 1/15/17 |
$ | 3,976 | $ | 4,664 | ||||||
U.S. Treasury Inflation Indexed Note, 1.125%, due 1/15/21 |
2,618 | 3,100 | ||||||||
|
|
|||||||||
Total U.S. Treasury Inflation Indexed Notes/Bonds |
7,764 | |||||||||
|
|
|||||||||
U.S. Treasury0.8% |
||||||||||
U.S. Treasury Strip Principal, 0.000%, due 5/15/20 |
1,185 | 1,080 | ||||||||
|
|
|||||||||
Government National Mortgage Association (GNMA)0.1% |
||||||||||
#780405, 9.500%, due 11/15/17 |
86 | 92 | ||||||||
#357322, 7.000%, due 9/15/23 |
67 | 79 | ||||||||
|
|
|||||||||
Total GNMA Mortgage Obligations |
171 | |||||||||
|
|
|||||||||
Federal Home Loan Mortgage Corp. (FHLMC)9.5% |
||||||||||
#E72924, 7.000%, due 10/1/13 |
68 | 68 | ||||||||
#E81703, 7.000%, due 5/1/15 |
124 | 127 | ||||||||
#E81697, 8.000%, due 5/1/15 |
350 | 373 | ||||||||
#E81908, 8.500%, due 12/1/15 |
25 | 26 | ||||||||
#J02184, 8.000%, due 4/1/16 |
206 | 217 | ||||||||
#G90022, 8.000%, due 9/17/16 |
107 | 110 | ||||||||
#M30028, 5.500%, due 5/1/17 |
18 | 18 | ||||||||
#E90398, 7.000%, due 5/1/17 |
347 | 373 | ||||||||
#E96536, 5.000%, due 3/1/18 |
361 | 391 | ||||||||
#E97112, 4.000%, due 5/1/18 |
179 | 195 | ||||||||
#B13459, 4.500%, due 4/1/19 |
120 | 129 | ||||||||
#C67537, 9.500%, due 8/1/21 |
1 | 1 | ||||||||
#D95621, 6.500%, due 7/1/22 |
1,370 | 1,531 | ||||||||
#E02913, 5.000%, due 6/1/26 |
669 | 726 | ||||||||
#J16051, 4.500%, due 7/1/26 |
2,370 | 2,605 | ||||||||
#J19032, 3.500%, due 5/1/27 |
1,446 | 1,564 | ||||||||
#A45790, 7.500%, due 5/1/35 |
222 | 273 | ||||||||
#G02141, 6.000%, due 3/1/36 |
743 | 833 | ||||||||
#A66843, 6.500%, due 10/1/37 |
812 | 924 | ||||||||
#A81799, 6.500%, due 9/1/38 |
1,227 | 1,396 | ||||||||
#C03665, 9.000%, due 4/1/41 |
794 | 990 | ||||||||
|
|
|||||||||
Total FHLMC Mortgage Obligations |
12,870 | |||||||||
|
|
|||||||||
Federal National Mortgage Association (FNMA)30.6% |
||||||||||
#725315, 8.000%, due 5/1/13 |
5 | 5 | ||||||||
#593561, 9.500%, due 8/1/14 |
42 | 44 | ||||||||
#567027, 7.000%, due 9/1/14 |
193 | 197 | ||||||||
#567026, 6.500%, due 10/1/14 |
124 | 127 | ||||||||
#458124, 7.000%, due 12/15/14 |
31 | 32 | ||||||||
#576554, 8.000%, due 1/1/16 |
394 | 424 | ||||||||
#576553, 8.000%, due 2/1/16 |
551 | 594 | ||||||||
#555747, 8.000%, due 5/1/16 |
39 | 42 | ||||||||
#735569, 8.000%, due 10/1/16 |
271 | 290 | ||||||||
#725410, 7.500%, due 4/1/17 |
107 | 114 | ||||||||
#643217, 6.500%, due 6/1/17 |
133 | 145 | ||||||||
#679247, 7.000%, due 8/1/17 |
518 | 572 |
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||
#689334, 5.000%, due 3/1/18 |
$ | 80 | $ | 87 | ||||||
#695910, 5.000%, due 5/1/18 |
524 | 579 | ||||||||
#740847, 6.000%, due 10/1/18 |
312 | 344 | ||||||||
#323501, 6.500%, due 1/1/19 |
94 | 106 | ||||||||
#751313, 5.000%, due 3/1/19 |
424 | 468 | ||||||||
#255358, 5.000%, due 9/1/19 |
117 | 128 | ||||||||
#852864, 7.000%, due 7/1/20 |
1,059 | 1,175 | ||||||||
#458147, 10.000%, due 8/15/20 |
254 | 292 | ||||||||
#835563, 7.000%, due 10/1/20 |
408 | 450 | ||||||||
#735574, 8.000%, due 3/1/22 |
267 | 310 | ||||||||
#679253, 6.000%, due 10/1/22 |
688 | 759 | ||||||||
FNR G93-19 SH, 11.234%, due 4/25/23, VRN |
11 | 14 | ||||||||
#982878, 4.500%, due 5/1/23 |
704 | 769 | ||||||||
#AC5124, 4.000%, due 11/1/24 |
666 | 731 | ||||||||
#AD8164, 4.000%, due 8/1/25 |
824 | 905 | ||||||||
#AE1176, 4.000%, due 8/1/25 |
836 | 919 | ||||||||
#255956, 5.500%, due 10/1/25 |
169 | 187 | ||||||||
#AB2256, 3.500%, due 2/1/26 |
1,240 | 1,351 | ||||||||
#890329, 4.000%, due 4/1/26 |
2,454 | 2,685 | ||||||||
#AI9811, 4.500%, due 8/1/26 |
790 | 873 | ||||||||
#AJ2322, 3.500%, due 10/1/26 |
918 | 1,000 | ||||||||
#AJ3203, 4.000%, due 10/1/26 |
1,868 | 2,052 | ||||||||
#AJ8149, 3.500%, due 12/1/26 |
2,628 | 2,863 | ||||||||
#AJ7724, 4.000%, due 12/1/26 |
920 | 1,011 | ||||||||
#AK0498, 3.500%, due 1/1/27 |
552 | 602 | ||||||||
#256639, 5.000%, due 2/1/27 |
45 | 49 | ||||||||
#AB4818, 4.000%, due 4/1/27 |
961 | 1,056 | ||||||||
#AP0446, 3.500%, due 7/1/27 |
3,462 | 3,772 | ||||||||
#806458, 8.000%, due 6/1/28 |
213 | 263 | ||||||||
#880155, 8.500%, due 7/1/29 |
574 | 721 | ||||||||
#797846, 7.000%, due 3/1/32 |
708 | 799 | ||||||||
#745519, 8.500%, due 5/1/32 |
188 | 237 | ||||||||
#654674, 6.500%, due 9/1/32 |
126 | 144 | ||||||||
#733897, 6.500%, due 12/1/32 |
268 | 314 | ||||||||
#254693, 5.500%, due 4/1/33 |
29 | 32 | ||||||||
#555531, 5.500%, due 6/1/33 |
80 | 89 | ||||||||
#555591, 5.500%, due 7/1/33 |
48 | 53 | ||||||||
#725231, 5.000%, due 2/1/34 |
602 | 662 | ||||||||
#725220, 5.000%, due 3/1/34 |
591 | 650 | ||||||||
#725232, 5.000%, due 3/1/34 |
583 | 641 | ||||||||
#725238, 5.000%, due 3/1/34 |
325 | 357 | ||||||||
#776964, 5.000%, due 4/1/34 |
992 | 1,124 | ||||||||
#725424, 5.500%, due 4/1/34 |
312 | 346 | ||||||||
#255630, 5.000%, due 3/1/35 |
35 | 38 | ||||||||
#886220, 6.000%, due 7/1/36 |
720 | 816 | ||||||||
#928658, 6.500%, due 9/1/37 |
101 | 114 | ||||||||
#889385, 6.000%, due 2/1/38 |
1,350 | 1,522 | ||||||||
#962058, 6.500%, due 3/1/38 |
1,353 | 1,548 | ||||||||
#991911, 7.000%, due 11/1/38 |
442 | 505 |
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||||||
#AL0913, 6.000%, due 7/1/41 |
$ | 1,896 | $ | 2,131 | ||||||||||
|
|
|||||||||||||
Total FNMA Mortgage Obligations |
41,229 | |||||||||||||
|
|
|||||||||||||
Non-Agency Mortgage-Backed Obligations0.8% |
||||||||||||||
First Plus Home Loan Trust, 1997-4, Tranche M1,
|
D | 676 | 565 | |||||||||||
First Plus Home Loan Trust, 1997-4, Tranche M2,
|
D | 143 | 104 | |||||||||||
First Plus Home Loan Trust, 1998-3, Tranche M2,
|
Caa1 | f | 256 | 247 | ||||||||||
Lehman Structured Securities Corp.144A, 2004-2, Tranche M1,
|
CCC | 325 | 154 | |||||||||||
|
|
|||||||||||||
Total Non-Agency Mortgage-Backed Obligations |
1,070 | |||||||||||||
|
|
|||||||||||||
Asset-Backed Securities3.9% |
||||||||||||||
Avis Budget Rental Car Funding AESOP LLC144A, 2009-1A, Tranche A,
|
Aa1 | 208 | 209 | |||||||||||
Hertz Vehicle Financing LLC144A, 2009-2A, Tranche A1,
|
Aaa | 1,500 | 1,515 | |||||||||||
Centre Point Funding LLC144A, 2010-1A, Tranche 1,
|
A2 | 1,026 | 1,076 | |||||||||||
Citibank Omni Master Trust144A, 2009-A14A, Tranche A14,
|
Aaa | 1,000 | 1,047 | |||||||||||
GE Capital Credit Card Master Note Trust, 2012-6, Tranche B,
|
AA- | 1,350 | 1,362 | |||||||||||
|
|
|||||||||||||
Total Asset-Backed Securities |
5,209 | |||||||||||||
|
|
|||||||||||||
Corporate Obligations47.8% |
||||||||||||||
Bank of America Corporation,
|
A | 715 | 783 | |||||||||||
St. Jude Medical, Inc.,
|
A | 500 | 527 | |||||||||||
American International Group, Inc.,
|
A- | 1,000 | 1,035 | |||||||||||
The Goldman Sachs Group, Inc.,
|
A | 600 | 624 | |||||||||||
Royal Bank of Scotland Group plc,
|
A- | 1,000 | 1,012 | |||||||||||
PepsiCo, Inc.,
|
Aa3 | 700 | 739 | |||||||||||
Petrobras International Finance Co.,
|
A3 | 1,000 | 1,133 | |||||||||||
PACCAR Financial Corporation,
|
A+ | 1,000 | 1,021 |
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) |
||||||||||||||
BHP Billiton Finance USA, Ltd.,
|
A+ | $ | 1,000 | $ | 1,170 | |||||||||
Penske Truck Leasing Co. L.P.144A,
|
BBB+ | 500 | 513 | |||||||||||
JPMorgan Chase & Co.,
|
A | 1,750 | 2,060 | |||||||||||
Kimberly-Clark Corporation,
|
A | 1,000 | 1,228 | |||||||||||
American Express Co.,
|
A+ | 1,500 | 1,825 | |||||||||||
IBM Corporation,
|
AA- | 1,650 | 2,022 | |||||||||||
Capital One Financial Corporation,
|
A- | 1,000 | 1,225 | |||||||||||
Motorola Solutions, Inc.,
|
BBB | 650 | 776 | |||||||||||
Abbott Laboratories,
|
AA | 500 | 614 | |||||||||||
Wells Fargo & Co.,
|
AA- | 750 | 900 | |||||||||||
Morgan Stanley,
|
A | 1,250 | 1,436 | |||||||||||
General Electric Capital Corporation,
|
AA+ | 1,725 | 2,034 | |||||||||||
Philip Morris International, Inc.,
|
A | 1,250 | 1,531 | |||||||||||
Simon Property Group L.P.,
|
A- | 1,000 | 1,221 | |||||||||||
John Deere Capital Corporation,
|
A | 900 | 1,111 | |||||||||||
Honeywell International, Inc.,
|
A | 1,225 | 1,463 | |||||||||||
The Procter & Gamble Co.,
|
AA- | 500 | 594 | |||||||||||
Unilever Capital Corporation,
|
A+ | 665 | 785 | |||||||||||
Burlington Northern Santa Fe LLC,
|
A3 | 1,000 | 1,155 | |||||||||||
Boston Properties L.P.,
|
A- | 1,350 | 1,615 | |||||||||||
The Goldman Sachs Group, Inc.,
|
A | 1,250 | 1,441 | |||||||||||
Citigroup, Inc.,
|
A | 1,000 | 1,156 | |||||||||||
Alcoa, Inc.,
|
BBB- | 1,000 | 1,104 | |||||||||||
Georgia-Pacific LLC144A,
|
A- | 1,000 | 1,172 |
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) |
||||||||||||||
L-3 Communications Corporation,
|
BBB- | $ | 750 | $ | 836 | |||||||||
E.I. du Pont de Nemours & Co.,
|
A | 1,000 | 1,159 | |||||||||||
Ford Motor Credit Co. LLC,
|
Baa3 | 750 | 849 | |||||||||||
Praxair, Inc.,
|
A | 1,000 | 1,061 | |||||||||||
OReilly Automotive, Inc.,
|
BBB | 700 | 763 | |||||||||||
Verizon Communications, Inc.,
|
A | 1,000 | 1,103 | |||||||||||
Corporation Nacional del Cobre de Chile144A,
|
A1 | 1,000 | 1,087 | |||||||||||
Gilead Sciences, Inc.,
|
A- | 1,425 | 1,620 | |||||||||||
Itau Unibanco Holding S.A.144A,
|
Baa2 | 1,000 | 1,088 | |||||||||||
McDonalds Corporation,
|
A | 1,250 | 1,315 | |||||||||||
SLM Corporation,
|
BBB- | 1,000 | 1,120 | |||||||||||
AT&T, Inc.,
|
A2 | 1,500 | 1,586 | |||||||||||
Masco Corporation,
|
BBB- | 1,000 | 1,096 | |||||||||||
Potomac Electric Power Co.,
|
A | 1,000 | 1,047 | |||||||||||
Discover Financial Services144A,
|
BBB | 750 | 822 | |||||||||||
Caterpillar Financial Services Corporation,
|
A | 1,000 | 1,033 | |||||||||||
United Technologies Corporation,
|
A | 1,000 | 1,066 | |||||||||||
Embraer S.A.,
|
BBB- | 1,000 | 1,073 | |||||||||||
Odebrecht Finance Ltd.144A,
|
BBB- | 1,000 | 1,065 | |||||||||||
Anheuser-Busch InBev Worldwide, Inc.,
|
A | 1,000 | 1,014 | |||||||||||
America Movil S.A.B. de C.V.,
|
A2 | 1,100 | 1,134 | |||||||||||
PPG Industries, Inc.,
|
A- | 550 | 552 | |||||||||||
Dominion Resources, Inc.,
|
A- | 1,000 | 1,006 | |||||||||||
Mexichem S.A.B. de C.V.144A,
|
BBB- | 1,000 | 1,015 |
See accompanying Notes to Portfolio of Investments.
Income Fund
Portfolio of Investments, September 30, 2012 (all amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) | ||||||||||||||
WEA Finance LLC144A,
|
A2 | $ | 1,000 | $ | 994 | |||||||||
Union Pacific Corporation,
|
A- | 1,000 | 1,037 | |||||||||||
|
|
|||||||||||||
Total Corporate Obligations | 64,566 | |||||||||||||
|
|
|||||||||||||
Total Long-Term Investments99.3%
|
133,959 | |||||||||||||
|
|
|||||||||||||
Repurchase Agreement | ||||||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $1,237 collateralized by U.S. Treasury Note, 1.500%, due 7/31/16 |
Aaa | 1,237 | 1,237 | |||||||||||
|
|
|||||||||||||
Total Repurchase Agreement0.9%
|
1,237 | |||||||||||||
|
|
|||||||||||||
Total Investments100.2%
|
135,196 | |||||||||||||
Liabilities, plus cash and other assets(0.2)% | (284 | ) | ||||||||||||
|
|
|||||||||||||
Net assets100.0% | $ | 134,912 | ||||||||||||
|
|
NRSRO = Nationally Recognized Statistical Rating OrganizationThe credit quality ratings of the securities in the Fund reflect the highest category rating by either Fitch Ratings, Moodys Investors Service Inc., or Standard & Poors, a division of the McGraw-Hill Companies, Inc. The obligations of certain U. S. Government-sponsored securities are neither issued nor guaranteed by the U. S. Treasury.
VRN = Variable Rate Note
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. These holdings represent 0.68% of the Funds net assets at September 30, 2012.
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. These holdings represent 0.79% of the net assets at September 30, 2012.
f = Moodys withdrew its rating as of July 29, 2011. The rating shown represents the last issued. The bond is currently not rated by a NRSRO.
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||||
U.S. Government and U.S. Government Agency73.8% |
||||||||||||
U.S. Treasury Inflation Indexed Notes/Bonds1.8% |
||||||||||||
U.S. Treasury Inflation Indexed Note, 2.375%, due 1/15/17 |
$ | 1,704 | $ | 1,999 | ||||||||
U.S. Treasury Inflation Indexed Note, 1.625%, due 1/15/18 |
1,640 | 1,919 | ||||||||||
|
|
|||||||||||
Total U.S. Treasury Inflation Indexed Notes/Bonds |
3,918 | |||||||||||
|
|
|||||||||||
Government National Mortgage Association (GNMA)1.7% |
||||||||||||
#002584, 6.000%, due 4/20/13 |
9 | 9 | ||||||||||
#623159, 5.000%, due 11/15/13 |
36 | 40 | ||||||||||
#628400, 6.000%, due 11/15/13 |
60 | 62 | ||||||||||
#002682, 6.500%, due 11/20/13 |
19 | 21 | ||||||||||
#623182, 5.000%, due 12/15/13 |
48 | 52 | ||||||||||
#781010, 6.500%, due 4/15/14 |
38 | 40 | ||||||||||
#002761, 6.000%, due 5/20/14 |
27 | 30 | ||||||||||
#002787, 5.500%, due 7/20/14 |
4 | 4 | ||||||||||
#781275, 6.000%, due 10/15/14 |
98 | 102 | ||||||||||
GNR 2011-24 VA, 3.500%, due 2/20/16 |
1,335 | 1,407 | ||||||||||
#561031, 5.500%, due 9/15/16 |
211 | 229 | ||||||||||
#003180, 6.000%, due 1/20/17 |
32 | 35 | ||||||||||
#781567, 5.000%, due 2/15/18 |
79 | 85 | ||||||||||
#606406, 5.000%, due 4/15/18 |
105 | 116 | ||||||||||
#003438, 4.500%, due 9/20/18 |
197 | 217 | ||||||||||
#003465, 4.500%, due 11/20/18 |
62 | 68 | ||||||||||
#004430, 4.500%, due 5/20/24 |
994 | 1,086 | ||||||||||
|
|
|||||||||||
Total GNMA Mortgage Obligations |
3,603 | |||||||||||
|
|
|||||||||||
Federal Home Loan Mortgage Corp. (FHLMC)18.5% |
||||||||||||
#B18053, 5.000%, due 3/1/15 |
40 | 41 | ||||||||||
#G11885, 5.000%, due 1/1/16 |
139 | 150 | ||||||||||
#E86134, 5.000%, due 11/1/16 |
144 | 155 | ||||||||||
#G12631, 5.500%, due 4/1/17 |
306 | 331 | ||||||||||
#E96536, 5.000%, due 3/1/18 |
225 | 244 | ||||||||||
#G13127, 4.500%, due 4/1/18 |
84 | 90 | ||||||||||
#E95355, 5.000%, due 4/1/18 |
303 | 327 | ||||||||||
#G11606, 4.500%, due 5/1/18 |
32 | 35 | ||||||||||
#E96700, 5.000%, due 5/1/18 |
830 | 898 | ||||||||||
#E96962, 4.000%, due 6/1/18 |
145 | 158 | ||||||||||
#E01411, 5.000%, due 7/1/18 |
156 | 167 | ||||||||||
#E99160, 4.500%, due 9/1/18 |
151 | 166 | ||||||||||
#E01488, 5.000%, due 10/1/18 |
343 | 368 | ||||||||||
#E99895, 5.000%, due 10/1/18 |
710 | 768 | ||||||||||
#B11386, 5.000%, due 12/1/18 |
144 | 155 | ||||||||||
#B11362, 5.500%, due 12/1/18 |
22 | 24 | ||||||||||
#G13367, 5.500%, due 12/1/18 |
532 | 576 | ||||||||||
#E01545, 5.000%, due 1/1/19 |
189 | 203 | ||||||||||
#B12826, 4.500%, due 3/1/19 |
827 | 897 | ||||||||||
#G11766, 5.000%, due 3/1/19 |
133 | 144 | ||||||||||
#B15141, 4.500%, due 6/1/19 |
118 | 126 | ||||||||||
#G11596, 5.500%, due 8/1/19 |
174 | 191 | ||||||||||
#G11605, 5.500%, due 9/1/19 |
86 | 94 | ||||||||||
#B17142, 4.500%, due 11/1/19 |
1,415 | 1,550 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||
Federal Home Loan Mortgage Corp. (FHLMC)(continued) |
||||||||||
#B17161, 4.500%, due 11/1/19 |
$ | 40 | $ | 43 | ||||||
#G18045, 5.000%, due 3/1/20 |
150 | 163 | ||||||||
#B19078, 5.000%, due 4/1/20 |
103 | 111 | ||||||||
#G18048, 5.000%, due 4/1/20 |
101 | 109 | ||||||||
#G11697, 5.500%, due 4/1/20 |
1,408 | 1,543 | ||||||||
#J08152, 5.000%, due 5/1/20 |
109 | 118 | ||||||||
#J02537, 5.000%, due 9/1/20 |
94 | 102 | ||||||||
#G12394, 5.000%, due 5/1/21 |
189 | 205 | ||||||||
#G13296, 5.000%, due 5/1/21 |
504 | 545 | ||||||||
#G12113, 5.500%, due 5/1/21 |
258 | 282 | ||||||||
#G12286, 5.000%, due 7/1/21 |
101 | 110 | ||||||||
#G12432, 5.000%, due 12/1/21 |
86 | 93 | ||||||||
#E02322, 5.500%, due 5/1/22 |
71 | 78 | ||||||||
#J06484, 5.500%, due 11/1/22 |
572 | 626 | ||||||||
#J06871, 5.500%, due 1/1/23 |
218 | 239 | ||||||||
#J08703, 5.500%, due 9/1/23 |
94 | 103 | ||||||||
#C00351, 8.000%, due 7/1/24 |
110 | 133 | ||||||||
#G13695, 4.000%, due 9/1/24 |
1,605 | 1,754 | ||||||||
#G00363, 8.000%, due 6/1/25 |
149 | 180 | ||||||||
#C80329, 8.000%, due 8/1/25 |
34 | 42 | ||||||||
#J13022, 4.000%, due 9/1/25 |
2,979 | 3,255 | ||||||||
#G14150, 4.500%, due 4/1/26 |
3,665 | 4,028 | ||||||||
#E02912, 5.000%, due 6/1/26 |
1,393 | 1,515 | ||||||||
#E02913, 5.000%, due 6/1/26 |
1,275 | 1,383 | ||||||||
#J16051, 4.500%, due 7/1/26 |
4,391 | 4,827 | ||||||||
#J19032, 3.500%, due 5/1/27 |
1,711 | 1,851 | ||||||||
#G04053, 5.500%, due 3/1/38 |
3,413 | 3,822 | ||||||||
#G04424, 6.000%, due 6/1/38 |
260 | 290 | ||||||||
#G04778, 6.000%, due 7/1/38 |
240 | 269 | ||||||||
#A81372, 6.000%, due 8/1/38 |
108 | 119 | ||||||||
#G04544, 6.000%, due 8/1/38 |
1,623 | 1,804 | ||||||||
#G04687, 6.000%, due 9/1/38 |
358 | 400 | ||||||||
#G04745, 6.000%, due 9/1/38 |
190 | 212 | ||||||||
#A81799, 6.500%, due 9/1/38 |
1,152 | 1,311 | ||||||||
|
|
|||||||||
Total FHLMC Mortgage Obligations |
39,523 | |||||||||
|
|
|||||||||
Federal National Mortgage Association (FNMA)51.8% |
||||||||||
#679220, 6.000%, due 12/1/14 |
21 | 21 | ||||||||
#256224, 5.500%, due 4/1/16 |
25 | 27 | ||||||||
#254181, 5.000%, due 1/1/17 |
76 | 83 | ||||||||
#256559, 5.500%, due 1/1/17 |
13 | 15 | ||||||||
#256606, 5.500%, due 2/1/17 |
18 | 19 | ||||||||
#256646, 5.500%, due 3/1/17 |
14 | 15 | ||||||||
#545862, 5.000%, due 8/1/17 |
75 | 82 | ||||||||
#545898, 5.500%, due 9/1/17 |
410 | 446 | ||||||||
#545899, 5.500%, due 9/1/17 |
463 | 504 | ||||||||
#254510, 5.000%, due 11/1/17 |
70 | 76 | ||||||||
#555029, 5.000%, due 11/1/17 |
58 | 63 | ||||||||
#254545, 5.000%, due 12/1/17 |
31 | 34 | ||||||||
#254590, 5.000%, due 1/1/18 |
36 | 39 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Value | ||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||
#257067, 5.000%, due 1/1/18 |
$ | 65 | $ | 71 | ||||||
#663692, 5.000%, due 1/1/18 |
192 | 209 | ||||||||
#674713, 5.000%, due 1/1/18 |
14 | 15 | ||||||||
#679305, 5.000%, due 1/1/18 |
62 | 67 | ||||||||
#254591, 5.500%, due 1/1/18 |
315 | 341 | ||||||||
#678938, 5.500%, due 2/1/18 |
30 | 32 | ||||||||
#683100, 5.500%, due 2/1/18 |
392 | 424 | ||||||||
#254684, 5.000%, due 3/1/18 |
22 | 24 | ||||||||
#675717, 5.000%, due 3/1/18 |
272 | 296 | ||||||||
#681361, 5.000%, due 3/1/18 |
99 | 108 | ||||||||
#656564, 5.000%, due 4/1/18 |
1,478 | 1,612 | ||||||||
#696677, 5.000%, due 4/1/18 |
99 | 108 | ||||||||
#702888, 5.000%, due 4/1/18 |
149 | 162 | ||||||||
#695838, 5.500%, due 4/1/18 |
92 | 101 | ||||||||
#254721, 5.000%, due 5/1/18 |
242 | 264 | ||||||||
#697593, 5.000%, due 5/1/18 |
236 | 260 | ||||||||
#702332, 5.000%, due 5/1/18 |
51 | 56 | ||||||||
#704049, 5.500%, due 5/1/18 |
875 | 966 | ||||||||
#735357, 5.500%, due 5/1/18 |
1,289 | 1,423 | ||||||||
#656573, 5.000%, due 6/1/18 |
244 | 270 | ||||||||
#709838, 5.000%, due 6/1/18 |
544 | 594 | ||||||||
#709848, 5.000%, due 6/1/18 |
207 | 228 | ||||||||
#728715, 5.000%, due 7/1/18 |
353 | 387 | ||||||||
#735003, 5.500%, due 7/1/18 |
1,375 | 1,518 | ||||||||
#711991, 5.000%, due 8/1/18 |
189 | 209 | ||||||||
#190341, 5.000%, due 9/1/18 |
57 | 62 | ||||||||
#743183, 5.000%, due 10/1/18 |
87 | 96 | ||||||||
#555872, 5.000%, due 11/1/18 |
216 | 236 | ||||||||
#749596, 5.000%, due 11/1/18 |
306 | 339 | ||||||||
#745237, 5.000%, due 12/1/18 |
64 | 70 | ||||||||
#761267, 4.500%, due 2/1/19 |
701 | 774 | ||||||||
#255079, 5.000%, due 2/1/19 |
57 | 62 | ||||||||
#766276, 5.000%, due 3/1/19 |
465 | 509 | ||||||||
#742086, 4.500%, due 4/1/19 |
2,590 | 2,863 | ||||||||
#779363, 5.000%, due 6/1/19 |
93 | 103 | ||||||||
#785259, 5.000%, due 8/1/19 |
367 | 402 | ||||||||
#788424, 5.500%, due 9/1/19 |
90 | 99 | ||||||||
#725953, 5.000%, due 10/1/19 |
109 | 121 | ||||||||
#735401, 5.500%, due 3/1/20 |
252 | 274 | ||||||||
#357978, 5.000%, due 9/1/20 |
257 | 284 | ||||||||
#745735, 5.000%, due 3/1/21 |
824 | 903 | ||||||||
#879607, 5.500%, due 4/1/21 |
129 | 143 | ||||||||
#880993, 6.000%, due 1/1/22 |
35 | 39 | ||||||||
#972934, 5.500%, due 2/1/23 |
386 | 422 | ||||||||
#889342, 5.000%, due 3/1/23 |
159 | 174 | ||||||||
#982878, 4.500%, due 5/1/23 |
636 | 695 | ||||||||
#254908, 5.000%, due 9/1/23 |
76 | 83 | ||||||||
#255165, 4.500%, due 3/1/24 |
103 | 113 | ||||||||
#934808, 4.500%, due 3/1/24 |
278 | 307 | ||||||||
#AA4519, 4.500%, due 3/1/24 |
2,263 | 2,501 | ||||||||
#AA2922, 4.000%, due 4/1/24 |
305 | 335 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||||
#AA5028, 4.500%, due 4/1/24 |
$ | 451 | $ | 493 | ||||||||
#190988, 9.000%, due 6/1/24 |
172 | 202 | ||||||||||
#993231, 4.000%, due 7/1/24 |
1,510 | 1,659 | ||||||||||
#AC1520, 4.000%, due 9/1/24 |
179 | 196 | ||||||||||
#AC3674, 4.500%, due 10/1/24 |
1,959 | 2,166 | ||||||||||
#AC5124, 4.000%, due 11/1/24 |
1,331 | 1,462 | ||||||||||
#AC6600, 4.500%, due 11/1/24 |
95 | 105 | ||||||||||
#AC6257, 4.000%, due 12/1/24 |
1,338 | 1,470 | ||||||||||
#AC8857, 4.500%, due 12/1/24 |
87 | 95 | ||||||||||
#AC9560, 5.000%, due 1/1/25 |
4,182 | 4,621 | ||||||||||
#932449, 4.000%, due 2/1/25 |
539 | 592 | ||||||||||
#932629, 4.000%, due 3/1/25 |
582 | 639 | ||||||||||
#AD0855, 4.000%, due 3/1/25 |
279 | 305 | ||||||||||
#932723, 4.000%, due 4/1/25 |
651 | 715 | ||||||||||
#AD4073, 4.000%, due 5/1/25 |
154 | 169 | ||||||||||
#935995, 4.000%, due 6/1/25 |
210 | 230 | ||||||||||
#AD4677, 4.000%, due 6/1/25 |
2,146 | 2,357 | ||||||||||
#AD8164, 4.000%, due 8/1/25 |
4,348 | 4,777 | ||||||||||
#AE1176, 4.000%, due 8/1/25 |
941 | 1,034 | ||||||||||
#AB1459, 4.000%, due 9/1/25 |
366 | 402 | ||||||||||
#AD8190, 4.000%, due 9/1/25 |
730 | 799 | ||||||||||
#AH2671, 4.000%, due 1/1/26 |
1,650 | 1,813 | ||||||||||
#890329, 4.000%, due 4/1/26 |
3,271 | 3,580 | ||||||||||
#AI4856, 4.500%, due 6/1/26 |
2,978 | 3,292 | ||||||||||
#AI9811, 4.500%, due 8/1/26 |
2,948 | 3,259 | ||||||||||
#AH9564, 3.500%, due 9/1/26 |
4,301 | 4,686 | ||||||||||
#AB3497, 4.000%, due 9/1/26 |
2,120 | 2,320 | ||||||||||
#AB3608, 3.500%, due 10/1/26 |
4,502 | 4,904 | ||||||||||
#AI7363, 3.500%, due 10/1/26 |
1,240 | 1,351 | ||||||||||
#AJ2322, 3.500%, due 10/1/26 |
4,025 | 4,385 | ||||||||||
#AB3975, 3.500%, due 12/1/26 |
1,783 | 1,943 | ||||||||||
#AJ8149, 3.500%, due 12/1/26 |
3,227 | 3,516 | ||||||||||
#AJ7724, 4.000%, due 12/1/26 |
2,761 | 3,034 | ||||||||||
#AK0498, 3.500%, due 1/1/27 |
913 | 994 | ||||||||||
#AK2768, 3.500%, due 3/1/27 |
2,964 | 3,229 | ||||||||||
#AK7384, 4.000%, due 3/1/27 |
3,839 | 4,218 | ||||||||||
#AB4818, 4.000%, due 4/1/27 |
2,884 | 3,169 | ||||||||||
#AP0446, 3.500%, due 7/1/27 |
7,333 | 7,989 | ||||||||||
#AP0462, 3.500%, due 7/1/27 |
1,158 | 1,261 | ||||||||||
#829306, 6.000%, due 9/1/35 |
156 | 176 | ||||||||||
#928574, 6.000%, due 7/1/37 |
315 | 354 | ||||||||||
#889385, 6.000%, due 2/1/38 |
1,928 | 2,175 | ||||||||||
#975649, 6.000%, due 7/1/38 |
420 | 472 | ||||||||||
#935532, 4.500%, due 8/1/39 |
112 | 127 | ||||||||||
#AC6651, 4.500%, due 12/1/39 |
145 | 165 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
U.S. Government and U.S. Government Agency(continued) |
||||||||||||||
Federal National Mortgage Association (FNMA)(continued) |
||||||||||||||
#AL0913, 6.000%, due 7/1/41 |
$ | 759 | $ | 853 | ||||||||||
|
|
|||||||||||||
Total FNMA Mortgage Obligations |
110,931 | |||||||||||||
|
|
|||||||||||||
Asset-Backed Securities14.6% |
||||||||||||||
Avis Budget Rental Car Funding AESOP LLC144A, 2009-1A, Tranche A,
|
Aa1 | 333 | 335 | |||||||||||
Mercedes-Benz Auto Receivables Trust, 2009-1, Tranche A3,
|
AAA | 28 | 28 | |||||||||||
Volkswagen Auto Loan Enhanced Trust, 2010-1, Tranche A3,
|
AAA | 17 | 17 | |||||||||||
Honda Auto Receivables Owner Trust, 2010-2, Tranche A3,
|
Aaa | 29 | 28 | |||||||||||
Hertz Vehicle Financing LLC144A, 2009-2A, Tranche A1,
|
Aaa | 1,765 | 1,783 | |||||||||||
BMW Vehicle Owner Trust, 2010-A, Tranche A3,
|
AAA | 72 | 72 | |||||||||||
Ford Credit Auto Owner Trust, 2010-A, Tranche A3,
|
AAA | 116 | 116 | |||||||||||
Nissan Auto Receivables Owner Trust, 2010-A, Tranche A3,
|
Aaa | 345 | 346 | |||||||||||
Mercedes-Benz Auto Lease Trust144A, 2011-B, Tranche A3,
|
Aaa | 1,500 | 1,508 | |||||||||||
Nissan Master Owner Trust Receivables144A, 2010-AA, Tranche A,
|
AAA | 2,300 | 2,307 | |||||||||||
CarMax Auto Owner Trust, 2012-1, Tranche A2,
|
AAA | 895 | 896 | |||||||||||
CNH Equipment Trust, 2010-C, Tranche A3,
|
AAA | 334 | 335 | |||||||||||
Harley-Davidson Motorcycle Trust, 2011-2, Tranche A2,
|
Aaa | 1,226 | 1,228 | |||||||||||
Discover Card Master Trust, 2007-A2, Tranche A2,
|
AAA | 292 | 292 | |||||||||||
Discover Card Master Trust I, 2005-4, Tranche A2,
|
AAA | 81 | 81 | |||||||||||
FPL Recovery Funding LLC, 2007-A, Tranche A2,
|
AAA | 354 | 363 | |||||||||||
Bank of America Credit Card Trust, 2010-A1, Tranche A1,
|
AAA | 2,000 | 2,003 | |||||||||||
Chase Issuance Trust, 2008-A13, Tranche A13,
|
AAA | 100 | 101 | |||||||||||
Discover Card Master Trust, 2010-A1, Tranche A1,
|
Aaa | 447 | 448 | |||||||||||
USAA Auto Owner Trust, 2010-1, Tranche A4,
|
AAA | 685 | 692 | |||||||||||
American Express Credit Account Master Trust, 2010-1, Tranche A,
|
AAA | 500 | 501 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Asset-Backed Securities(continued) |
||||||||||||||
Honda Auto Receivables Owner Trust, 2012-1, Tranche A3,
|
AAA | $ | 1,000 | $ | 1,007 | |||||||||
Ford Credit Floorplan Master Owner Trust, 2011-1, Tranche A2,
|
AAA | 1,250 | 1,258 | |||||||||||
Hertz Vehicle Financing LLC144A, 2009-2A, Tranche A2,
|
Aaa | 2,350 | 2,578 | |||||||||||
Ally Master Owner Trust, 2011-3, Tranche A1,
|
Aaa | 1,300 | 1,303 | |||||||||||
CNH Equipment Trust, 2010-C, Tranche A4,
|
AAA | 60 | 61 | |||||||||||
Avis Budget Rental Car Funding AESOP LLC144A, 2010-3A, Tranche A,
|
Aaa | 1,400 | 1,522 | |||||||||||
Centre Point Funding LLC144A, 2010-1A, Tranche 1,
|
A2 | 1,401 | 1,468 | |||||||||||
CNH Equipment Trust, 2011-B, Tranche A3,
|
AAA | 700 | 703 | |||||||||||
Discover Card Master Trust, 2011-A1, Tranche A1,
|
Aaa | 1,400 | 1,406 | |||||||||||
Enterprise Fleet Financing LLC144A, 2011-2, Tranche A2,
|
AAA | 1,499 | 1,503 | |||||||||||
GE Capital Credit Card Master Note Trust, 2011-1, Tranche A,
|
Aaa | 500 | 502 | |||||||||||
GE Dealer Floorplan Master Note Trust, 2012-1, Tranche A,
|
Aaa | 1,250 | 1,260 | |||||||||||
BA Credit Card Trust, 2007-A15, Tranche A15,
|
AAA | 100 | 100 | |||||||||||
Discover Card Master Trust, 2010-A2, Tranche A2,
|
AAA | 350 | 355 | |||||||||||
Citibank Omni Master Trust144A, 2009-A14A, Tranche A14,
|
Aaa | 2,000 | 2,094 | |||||||||||
Capital One Multi-Asset Execution Trust, 2007-A2, Tranche A2,
|
AAA | 215 | 214 | |||||||||||
MBNA Credit Card Master Note Trust, 2004-A3, Tranche A3,
|
AAA | 475 | 471 | |||||||||||
|
|
|||||||||||||
Total Asset-Backed Securities |
31,285 | |||||||||||||
|
|
|||||||||||||
Corporate Obligations11.2% |
||||||||||||||
JPMorgan Chase & Co.,
|
A+ | 1,100 | 1,107 | |||||||||||
Morgan Stanley,
|
A | 1,000 | 1,003 | |||||||||||
Bank of America Corporation,
|
A | 1,000 | 1,007 | |||||||||||
Citigroup, Inc.,
|
A | 1,000 | 999 | |||||||||||
Morgan Stanley,
|
A | 1,300 | 1,378 |
See accompanying Notes to Portfolio of Investments.
Low Duration Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
NRSRO
Rating |
Principal
Amount |
Value | |||||||||||
Corporate Obligations(continued) |
||||||||||||||
The Goldman Sachs Group, Inc.,
|
A | $ | 1,000 | $ | 981 | |||||||||
General Dynamics Corporation,
|
A | 1,300 | 1,324 | |||||||||||
The Goldman Sachs Group, Inc.,
|
A | 1,000 | 1,075 | |||||||||||
AT&T, Inc.,
|
A2 | 1,000 | 1,009 | |||||||||||
Wells Fargo & Co.,
|
AA- | 2,250 | 2,277 | |||||||||||
Toyota Motor Credit Corporation,
|
AA- | 1,000 | 1,011 | |||||||||||
The Bank of New York Mellon Corporation,
|
Aa3 | 1,000 | 1,014 | |||||||||||
American International Group, Inc.,
|
A- | 1,150 | 1,191 | |||||||||||
JPMorgan Chase & Co.,
|
A+ | 1,500 | 1,530 | |||||||||||
The Goldman Sachs Group, Inc.,
|
A | 800 | 833 | |||||||||||
Citigroup, Inc.,
|
A | 1,300 | 1,400 | |||||||||||
John Deere Capital Corporation,
|
A | 1,000 | 1,009 | |||||||||||
General Electric Capital Corporation,
|
AA+ | 1,625 | 1,653 | |||||||||||
Anheuser-Busch InBev Worldwide, Inc.,
|
A | 300 | 301 | |||||||||||
Royal Bank of Scotland Group plc,
|
A | 1,825 | 1,847 | |||||||||||
|
|
|||||||||||||
Total Corporate Obligations |
23,949 | |||||||||||||
|
|
|||||||||||||
Total Long-Term Investments99.6%
|
213,209 | |||||||||||||
|
|
|||||||||||||
Repurchase Agreement |
||||||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $1,467, collateralized by U.S. Treasury Note, 1.500%, due 7/31/16 |
Aaa | 1,467 | 1,467 | |||||||||||
|
|
|||||||||||||
Total Repurchase Agreement0.7%
|
1,467 | |||||||||||||
|
|
|||||||||||||
Total Investments100.3%
|
214,676 | |||||||||||||
Liabilities, plus cash and other assets(0.3)% |
(604 | ) | ||||||||||||
|
|
|||||||||||||
Net assets100.0% |
$ | 214,072 | ||||||||||||
|
|
NRSRO = Nationally Recognized Statistical Rating OrganizationThe credit quality ratings of the securities in the Fund reflect the highest category rating by either Fitch Ratings, Moodys Investors Service Inc., or Standard & Poors, a division of the McGraw-Hill Companies, Inc.
The obligations of certain U. S. Government-sponsored securities are neither issued nor guaranteed by the U. S. Treasury.
VRN = Variable Rate Note
See accompanying Notes to Portfolio of Investments.
Ready Reserves Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Amortized
Cost |
||||||||
U.S. Government and U.S. Government Agency4.3% |
||||||||||
Federal Home Loan Mortgage Corp. (FHLMC)2.0% |
||||||||||
Federal Home Loan Mortgage Corporation,
|
$ | 24,630 | $ | 24,706 | ||||||
|
|
|||||||||
Total Federal Home Loan Mortgage Corp. (FHLMC) |
24,706 | |||||||||
|
|
|||||||||
Federal National Mortgage Association (FNMA)1.1% |
||||||||||
Federal National Mortgage Association,
|
14,523 | 14,594 | ||||||||
|
|
|||||||||
Total Federal National Mortgage Association (FNMA) |
14,594 | |||||||||
|
|
|||||||||
U.S. Treasury1.2% |
||||||||||
U.S. Treasury Note,
|
15,000 | 15,184 | ||||||||
|
|
|||||||||
Total U.S. Treasury |
15,184 | |||||||||
|
|
|||||||||
Corporate Notes10.9% |
||||||||||
Boeing Capital Corporation,
|
1,733 | 1,760 | ||||||||
Boeing Co. (The),
|
13,474 | 13,533 | ||||||||
Caterpillar Financial Services Corporation,
|
25,013 | 25,219 | ||||||||
Citigroup Funding, Inc.,
|
10,101 | 10,141 | ||||||||
General Electric Capital Corporation,
|
2,000 | 2,000 | ||||||||
General Electric Capital Corporation,
|
27,832 | 28,042 | ||||||||
International Business Machines Corporation,
|
17,867 | 18,010 | ||||||||
John Deere Capital Corporation,
|
18,910 | 19,167 | ||||||||
Merck & Co., Inc.,
|
2,000 | 2,030 | ||||||||
Oracle Corporation,
|
300 | 307 | ||||||||
PepsiCo, Inc.,
|
6,940 | 7,052 | ||||||||
Praxair, Inc.,
|
2,025 | 2,046 | ||||||||
Wal-Mart Stores, Inc.,
|
7,506 | 7,670 | ||||||||
|
|
|||||||||
Total Corporate Notes |
136,977 | |||||||||
|
|
|||||||||
Commercial Paper63.4% |
||||||||||
Abbott Laboratories,
|
31,000 | 31,000 | ||||||||
American Honda Finance Corporation,
|
32,000 | 31,996 |
See accompanying Notes to Portfolio of Investments.
Ready Reserves Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Amortized
Cost |
||||||||
Commercial Paper(continued) |
||||||||||
Brown-Forman Corporation,
|
$ | 33,500 | $ | 33,497 | ||||||
Caterpillar Financial Services Corporation,
|
18,000 | 17,996 | ||||||||
Chevron Funding Corporation,
|
45,000 | 44,999 | ||||||||
Coca-Cola Co.,
|
44,000 | 43,983 | ||||||||
Colgate Palmolive Co.,
|
10,000 | 10,000 | ||||||||
ConocoPhillips,
|
33,500 | 33,500 | ||||||||
ConocoPhillips Qatar Funding, Ltd.,
|
7,100 | 7,099 | ||||||||
Deere & Co.,
|
5,000 | 5,000 | ||||||||
EI DuPont,
|
44,176 | 44,174 | ||||||||
General Electric Capital Corporation,
|
17,000 | 17,000 | ||||||||
Illinois Tool Works, Inc.,
|
30,000 | 30,000 | ||||||||
John Deere Credit, Ltd.,
|
20,000 | 19,998 | ||||||||
Kimberly-Clark Corporation,
|
20,200 | 20,200 | ||||||||
Merck & Co., Inc.,
|
21,000 | 21,000 | ||||||||
PACCAR Financial Corporation,
|
44,616 | 44,611 | ||||||||
PepsiCo, Inc.,
|
38,000 | 38,000 | ||||||||
Pfizer, Inc.,
|
25,000 | 25,000 | ||||||||
Praxair, Inc.,
|
40,000 | 40,000 | ||||||||
Private Export Funding,
|
20,000 | 20,000 | ||||||||
Procter & Gamble Co. (The),
|
45,500 | 45,493 | ||||||||
Roche Holdings, Inc.,
|
14,000 | 14,000 | ||||||||
Toyota Credit de Puerto Rico Corporation,
|
17,000 | 16,999 | ||||||||
Toyota Motor Credit Corporation,
|
27,000 | 26,998 | ||||||||
Unilever Capital Corporation,
|
5,000 | 4,995 | ||||||||
United Technologies Corporation,
|
45,000 | 44,997 | ||||||||
Wal-Mart Stores, Inc.,
|
37,000 | 36,999 |
See accompanying Notes to Portfolio of Investments.
Ready Reserves Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Principal
Amount |
Amortized
Cost |
||||||||
Commercial Paper(continued) |
||||||||||
Walt Disney Co. (The),
|
$ | 28,297 | $ | 28,294 | ||||||
|
|
|||||||||
Total Commercial Paper |
797,828 | |||||||||
|
|
|||||||||
Asset-Backed Commercial Paper3.6% |
||||||||||
Chariot Funding LLC,
|
44,858 | 44,855 | ||||||||
|
|
|||||||||
Total Asset-Backed Commercial Paper |
44,855 | |||||||||
|
|
|||||||||
Repurchase Agreements17.3% |
||||||||||
Bank of America, 0.160% dated 9/28/12, due 10/1/12, repurchase price $55,001, Collateralized by FNMA, 4.000%, due 6/1/42 |
55,000 | 55,000 | ||||||||
Barclays Capital, 0.190% dated 9/28/12, due 10/1/12, repurchase price $18,000, collateralized by U.S. Treasury Note, 1.250%, due 9/30/15 |
18,000 | 18,000 | ||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $89,105, collateralized by U.S. Treasury Note, 1.500%, due 7/31/16 |
89,104 | 89,104 | ||||||||
Goldman Sachs, 0.190% dated 9/28/12, due 10/1/12, repurchase price $55,001, Collateralized by FNMA, 4.500%-5.000%, due 6/1/31-10/1/31 |
55,000 | 55,000 | ||||||||
|
|
|||||||||
Total Repurchase Agreements |
217,104 | |||||||||
|
|
|||||||||
Total Investments99.5%
|
1,251,248 | |||||||||
Cash and other assets, less liabilities0.5% |
6,820 | |||||||||
|
|
|||||||||
Net assets100.0% |
$ | 1,258,068 | ||||||||
|
|
|||||||||
Portfolio Weighted Average Maturity |
34 days |
VRN = Variable Rate Note
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks | ||||||||||
Europe35.7% | ||||||||||
Austria0.7% | ||||||||||
Andritz AG (Machinery) | 190,957 | $ | 10,814 | |||||||
Schoeller-Bleckmann Oilfield Equipment AG (Energy equipment & services) | 20,061 | 2,083 | ||||||||
|
|
|||||||||
12,897 | ||||||||||
|
|
|||||||||
Belgium0.2% | ||||||||||
Colruyt S.A. (Food & staples retailing) | 93,028 | 4,052 | ||||||||
|
|
|||||||||
Denmark0.9% | ||||||||||
Coloplast A/S Class B (Health care equipment & supplies) | 60,948 | 12,690 | ||||||||
SimCorp A/S (Software) | 14,444 | 3,085 | ||||||||
|
|
|||||||||
15,775 | ||||||||||
|
|
|||||||||
Finland1.1% | ||||||||||
Kone Oyj (Machinery) | 182,286 | 12,614 | ||||||||
Nokian Renkaat Oyj (Auto components) | 167,756 | 6,823 | ||||||||
|
|
|||||||||
19,437 | ||||||||||
|
|
|||||||||
France10.6% | ||||||||||
Arkema S.A. (Chemicals) | 174,005 | 16,292 | ||||||||
AXA S.A. (Insurance) | 2,039,064 | 30,369 | ||||||||
BNP Paribas S.A. (Commercial banks) | 927,089 | 44,056 | ||||||||
CFAO S.A. (Distributors) | 65,658 | 3,145 | ||||||||
Christian Dior S.A. (Textiles, apparel & luxury goods) | 135,934 | 18,237 | ||||||||
* |
Credit Agricole S.A. (Commercial banks) | 263,230 | 1,816 | |||||||
Sanofi (Pharmaceuticals) | 409,937 | 34,953 | ||||||||
Societe BIC S.A. (Commercial services & supplies) | 32,241 | 3,895 | ||||||||
Unibail-Rodamco SE (Real estate investment trusts (REITs)) | 86,231 | 17,187 | ||||||||
Vinci S.A. (Construction & engineering) | 172,840 | 7,362 | ||||||||
Vivendi S.A. (Diversified telecommunication services) | 616,526 | 12,023 | ||||||||
Zodiac Aerospace (Aerospace & defense) | 53,129 | 5,187 | ||||||||
|
|
|||||||||
194,522 | ||||||||||
|
|
|||||||||
Germany3.7% | ||||||||||
Aixtron AG (Semiconductors & semiconductor equipment) | 261,478 | 3,486 | ||||||||
Bayer AG (Pharmaceuticals) | 261,494 | 22,457 | ||||||||
Brenntag AG (Trading companies & distributors) | 55,020 | 7,042 | ||||||||
Deutsche Bank AG (Capital markets) | 167,184 | 6,605 | ||||||||
Deutsche Wohnen AG (Real estate management & development) | 110,338 | 1,938 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) | 114,917 | 13,341 | ||||||||
Gerry Weber International AG (Textiles, apparel & luxury goods) | 104,311 | 4,311 | ||||||||
MTU Aero Engines Holding AG (Aerospace & defense) | 105,676 | 8,440 | ||||||||
|
|
|||||||||
67,620 | ||||||||||
|
|
|||||||||
Ireland0.3% | ||||||||||
Paddy Power plc (Hotels, restaurants & leisure) | 54,898 | 4,073 | ||||||||
Shire plc (Pharmaceuticals) | 58,887 | 1,725 | ||||||||
|
|
|||||||||
5,798 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Europe35.7%(continued) | ||||||||||
Italy1.0% | ||||||||||
Azimut Holding SpA (Capital markets) | 234,298 | $ | 2,702 | |||||||
Intesa Sanpaolo SpA (Commercial banks) | 3,898,519 | 5,927 | ||||||||
Pirelli & C. SpA (Auto components) | 666,138 | 7,173 | ||||||||
Tods SpA (Textiles, apparel & luxury goods) | 23,596 | 2,550 | ||||||||
|
|
|||||||||
18,352 | ||||||||||
|
|
|||||||||
Netherlands4.2% | ||||||||||
ASML Holding N.V. (Semiconductors & semiconductor equipment) | 130,657 | 6,983 | ||||||||
Fugro N.V. (Energy equipment & services) | 111,924 | 7,611 | ||||||||
Royal Dutch Shell plc Class B (Oil, gas & consumable fuels) | 951,493 | 33,772 | ||||||||
Unilever N.V. (Food products) | 817,158 | 28,909 | ||||||||
|
|
|||||||||
77,275 | ||||||||||
|
|
|||||||||
Norway3.1% | ||||||||||
Fred Olsen Energy ASA (Energy equipment & services) | 77,947 | 3,483 | ||||||||
* |
Norwegian Air Shuttle ASA (Airlines) | 147,500 | 2,768 | |||||||
Schibsted ASA (Media) | 126,927 | 4,852 | ||||||||
Statoil ASA (Oil, gas & consumable fuels) | 1,187,127 | 30,648 | ||||||||
Telenor ASA (Diversified telecommunication services) | 764,777 | 14,911 | ||||||||
|
|
|||||||||
56,662 | ||||||||||
|
|
|||||||||
Spain1.7% | ||||||||||
* |
Banco Santander S.A. (Commercial banks) | 811,671 | 6,044 | |||||||
Bolsas y Mercados Espanoles S.A. (Diversified financial services) | 117,484 | 2,471 | ||||||||
Inditex S.A. (Specialty retail) | 158,229 | 19,648 | ||||||||
Viscofan S.A. (Food products) | 76,567 | 3,505 | ||||||||
|
|
|||||||||
31,668 | ||||||||||
|
|
|||||||||
Sweden2.3% | ||||||||||
Atlas Copco AB Class A (Machinery) | 754,959 | 17,619 | ||||||||
Axis Communications AB (Communications equipment) | 66,228 | 1,644 | ||||||||
Getinge AB (Health care equipment & supplies) | 538,939 | 16,261 | ||||||||
Hexpol AB (Chemicals) | 83,471 | 3,240 | ||||||||
JM AB (Household durables) | 141,066 | 2,577 | ||||||||
|
|
|||||||||
41,341 | ||||||||||
|
|
|||||||||
Switzerland5.9% | ||||||||||
Burckhardt Compression Holding AG (Machinery) | 479 | 142 | ||||||||
* |
Credit Suisse Group AG (Capital markets) | 399,209 | 8,460 | |||||||
* |
Geberit AG (Building products) | 56,876 | 12,367 | |||||||
Glencore International plc (Metals & mining) | 4,648,985 | 25,757 | ||||||||
Nestle S.A. (Food products) | 497,347 | 31,358 | ||||||||
Partners Group Holding AG (Capital markets) | 42,301 | 8,802 | ||||||||
SGS S.A. (Professional services) | 3,612 | 7,420 | ||||||||
Syngenta AG (Chemicals) | 37,120 | 13,873 | ||||||||
|
|
|||||||||
108,179 | ||||||||||
|
|
|||||||||
United Kingdom17.0% | ||||||||||
Abcam plc (Biotechnology) | 545,110 | 3,536 |
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
United Kingdom17.0%(continued) | ||||||||||
AMEC plc (Energy equipment & services) | 720,506 | $ | 13,333 | |||||||
Amlin plc (Insurance) | 999,545 | 6,513 | ||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) | 778,290 | 7,226 | ||||||||
Ashmore Group plc (Capital markets) | 1,420,266 | 7,809 | ||||||||
Babcock International Group plc (Commercial services & supplies) | 994,556 | 14,888 | ||||||||
Bunzl plc (Trading companies & distributors) | 302,969 | 5,426 | ||||||||
Croda International plc (Chemicals) | 91,686 | 3,590 | ||||||||
Derwent London plc (Real estate investment trusts (REITs)) | 182,310 | 5,758 | ||||||||
Diageo plc (Beverages) | 1,179,446 | 33,130 | ||||||||
Dunelm Group plc (Specialty retail) | 543,619 | 5,636 | ||||||||
Elementis plc (Chemicals) | 1,064,119 | 3,987 | ||||||||
Experian plc (Professional services) | 584,441 | 9,711 | ||||||||
Halma plc (Electronic equipment, instruments & components) | 719,215 | 4,923 | ||||||||
Hiscox, Ltd. (Insurance) | 492,435 | 3,865 | ||||||||
IG Group Holdings plc (Diversified financial services) | 674,125 | 4,855 | ||||||||
InterContinental Hotels Group plc (Hotels, restaurants & leisure) | 621,825 | 16,267 | ||||||||
ITV plc (Media) | 7,597,837 | 10,846 | ||||||||
John Wood Group plc (Energy equipment & services) | 613,083 | 7,955 | ||||||||
Johnson Matthey plc (Chemicals) | 289,273 | 11,272 | ||||||||
Jupiter Fund Management plc (Capital markets) | 807,272 | 3,177 | ||||||||
Lancashire Holdings, Ltd. (Insurance) | 569,686 | 7,576 | ||||||||
Meggitt plc (Aerospace & defense) | 1,004,465 | 6,405 | ||||||||
Moneysupermarket.com Group plc (Internet software & services) | 1,627,761 | 3,622 | ||||||||
* |
Ocado Group plc (Internet & catalog retail) | 1,988,806 | 2,071 | |||||||
Oxford Instruments plc (Electronic equipment, instruments & components) | 91,517 | 2,032 | ||||||||
Pearson plc (Media) | 227,519 | 4,445 | ||||||||
Prudential plc (Insurance) | 1,167,828 | 15,115 | ||||||||
Rightmove plc (Media) | 144,961 | 3,670 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) | 1,864,818 | 25,385 | |||||||
Rotork plc (Machinery) | 150,124 | 5,486 | ||||||||
RPS Group plc (Commercial services & supplies) | 552,726 | 2,222 | ||||||||
Scottish & Southern Energy plc (Electric utilities) | 862,971 | 19,398 | ||||||||
Spirax-Sarco Engineering plc (Machinery) | 105,956 | 3,578 | ||||||||
St Jamess Place plc (Insurance) | 478,448 | 2,836 | ||||||||
* |
The Berkeley Group Holdings plc (Household durables) | 461,928 | 10,488 | |||||||
Tullow Oil plc (Oil, gas & consumable fuels) | 377,056 | 8,341 | ||||||||
Victrex plc (Chemicals) | 198,130 | 4,230 | ||||||||
Wolseley plc (Trading companies & distributors) | 23,713 | 1,012 | ||||||||
|
|
|||||||||
311,615 | ||||||||||
|
|
|||||||||
Emerging Asia11.7% | ||||||||||
China2.1% | ||||||||||
China BlueChemical, Ltd. (Chemicals) | 7,008,000 | 4,148 | ||||||||
China Overseas Land & Investment, Ltd. (Real estate management & development) | 4,250,000 | 10,809 | ||||||||
Great Wall Motor Co., Ltd. Class H (Automobiles) | 2,753,000 | 7,261 | ||||||||
Haitian International Holdings, Ltd. (Machinery) | 1,659,000 | 1,883 | ||||||||
* |
Hollysys Automation Technologies, Ltd. (Electronic equipment, instruments & components) | 214,215 | 2,091 | |||||||
Lenovo Group, Ltd. (Computers & peripherals) | 9,014,000 | 7,463 | ||||||||
Spreadtrum Communications, Inc.ADR (Semiconductors & semiconductor equipment) | 132,113 | 2,716 |
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Asia11.7%(continued) | ||||||||||
China2.1%(continued) | ||||||||||
* |
WuXi PharmaTech Cayman, Inc.ADR (Life sciences tools & services) | 124,883 | $ | 1,864 | ||||||
|
|
|||||||||
38,235 | ||||||||||
|
|
|||||||||
India1.9% | ||||||||||
CRISIL, Ltd. (Diversified financial services) | 45,756 | 833 | ||||||||
IndusInd Bank, Ltd. (Commercial banks) | 327,111 | 2,204 | ||||||||
Ipca Laboratories, Ltd. (Pharmaceuticals) | 270,560 | 2,484 | ||||||||
Lupin, Ltd. (Pharmaceuticals) | 391,831 | 4,427 | ||||||||
Oberoi Realty, Ltd. (Real estate management & development) | 345,521 | 1,735 | ||||||||
Sun Pharmaceutical Industries, Ltd. (Pharmaceuticals) | 552,389 | 7,284 | ||||||||
Tata Motors, Ltd. (Automobiles) | 2,390,860 | 12,128 | ||||||||
Yes Bank, Ltd. (Commercial banks) | 478,645 | 3,467 | ||||||||
|
|
|||||||||
34,562 | ||||||||||
|
|
|||||||||
Indonesia1.4% | ||||||||||
PT Alam Sutera Realty Tbk (Real estate management & development) | 28,503,500 | 1,474 | ||||||||
PT Bank Rakyat Indonesia (Commercial banks) | 9,189,000 | 7,154 | ||||||||
PT Kalbe Farma Tbk (Pharmaceuticals) | 10,947,000 | 5,376 | ||||||||
PT Media Nusantara Citra Tbk (Media) | 11,658,000 | 3,167 | ||||||||
PT United Tractors Tbk (Machinery) | 3,674,651 | 7,948 | ||||||||
PT XL Axiata Tbk (Diversified telecommunication services) | 1,634,500 | 1,136 | ||||||||
|
|
|||||||||
26,255 | ||||||||||
|
|
|||||||||
Philippines0.3% | ||||||||||
International Container Terminal Services, Inc. (Transportation infrastructure) | 1,101,280 | 1,859 | ||||||||
SM Prime Holdings, Inc. (Real estate management & development) | 10,665,275 | 3,630 | ||||||||
|
|
|||||||||
5,489 | ||||||||||
|
|
|||||||||
South Korea4.4% | ||||||||||
Celltrion, Inc. (Pharmaceuticals) | 239,145 | 6,025 | ||||||||
Hana Financial Group, Inc. (Commercial banks) | 339,690 | 10,407 | ||||||||
Hyundai Motor Co. (Automobiles) | 96,769 | 21,941 | ||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) | 29,176 | 35,334 | ||||||||
Samsung Fire & Marine Insurance Co., Ltd. (Insurance) | 27,300 | 5,870 | ||||||||
|
|
|||||||||
79,577 | ||||||||||
|
|
|||||||||
Taiwan0.3% | ||||||||||
Asustek Computer, Inc. (Computers & peripherals) | 574,000 | 6,237 | ||||||||
|
|
|||||||||
Thailand1.3% | ||||||||||
Advanced Info Service PCL (Wireless telecommunication services) | 1,354,700 | 9,419 | ||||||||
BEC World PCL (Media) | 1,638,000 | 4,071 | ||||||||
Kasikornbank PCL (Commercial banks) | 1,656,600 | 9,822 | ||||||||
|
|
|||||||||
23,312 | ||||||||||
|
|
|||||||||
Japan10.8% | ||||||||||
Ain Pharmaciez, Inc. (Food & staples retailing) | 36,600 | 2,612 | ||||||||
Arnest One Corporation (Household durables) | 167,300 | 2,581 | ||||||||
Cosmos Pharmaceutical Corporation (Food & staples retailing) | 8,300 | 762 |
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Japan10.8%(continued) | ||||||||||
Daito Trust Construction Co., Ltd. (Real estate management & development) | 87,700 | $ | 8,822 | |||||||
FamilyMart Co., Ltd. (Food & staples retailing) | 183,000 | 9,005 | ||||||||
Fast Retailing Co., Ltd. (Specialty retail) | 60,900 | 14,164 | ||||||||
Lawson, Inc. (Food & staples retailing) | 120,700 | 9,280 | ||||||||
Miraca Holdings, Inc. (Health care providers & services) | 73,800 | 3,314 | ||||||||
* |
Nexon Co., Ltd. (Software) | 92,000 | 1,265 | |||||||
Nikon Corporation (Leisure equipment & products) | 789,300 | 21,725 | ||||||||
Nitori Co., Ltd. (Specialty retail) | 133,480 | 12,400 | ||||||||
ORIX Corporation (Diversified financial services) | 301,570 | 30,296 | ||||||||
Shimamura Co., Ltd. (Specialty retail) | 39,400 | 4,589 | ||||||||
Ship Healthcare Holdings, Inc. (Health care providers & services) | 106,500 | 3,401 | ||||||||
Softbank Corporation (Wireless telecommunication services) | 426,200 | 17,258 | ||||||||
Sumitomo Mitsui Financial Group, Inc. (Commercial banks) | 1,162,400 | 36,344 | ||||||||
Sumitomo Realty & Development Co., Ltd. (Real estate management & development) |
340,000 | 9,027 | ||||||||
Sundrug Co., Ltd. (Food & staples retailing) | 50,300 | 1,827 | ||||||||
Suruga Bank, Ltd. (Commercial banks) | 381,000 | 4,321 | ||||||||
Tsuruha Holdings, Inc. (Food & staples retailing) | 28,800 | 2,155 | ||||||||
United Arrows, Ltd. (Specialty retail) | 81,100 | 2,168 | ||||||||
|
|
|||||||||
197,316 | ||||||||||
|
|
|||||||||
Emerging Latin America6.4% | ||||||||||
Brazil3.4% | ||||||||||
BR Malls Participacoes S.A. (Real estate management & development) | 501,400 | 6,962 | ||||||||
BR Properties S.A. (Real estate management & development) | 425,800 | 5,556 | ||||||||
CETIP S.A. - Balcao Organizado de Ativos e Derivativos (Capital markets) | 251,446 | 3,299 | ||||||||
Cia de Concessoes Rodoviarias (Transportation infrastructure) | 957,800 | 8,670 | ||||||||
Cia Hering (Specialty retail) | 316,100 | 7,146 | ||||||||
Cielo S.A. (IT services) | 235,500 | 5,877 | ||||||||
OdontoPrev S.A. (Health care providers & services) | 448,900 | 2,513 | ||||||||
* |
Qualicorp S.A. (Professional services) | 203,900 | 1,992 | |||||||
T4F Entretenimento S.A. (Media) | 299,600 | 2,084 | ||||||||
Tractebel Energia S.A. (Independent power producers & energy traders) | 265,600 | 4,193 | ||||||||
Vale S.A.ADR (Metals & mining) | 710,469 | 12,717 | ||||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. (Commercial services & supplies) |
117,700 | 2,203 | ||||||||
|
|
|||||||||
63,212 | ||||||||||
|
|
|||||||||
Chile1.5% | ||||||||||
CFR Pharmaceuticals S.A. (Pharmaceuticals) | 12,821,591 | 3,027 | ||||||||
ENTEL Chile S.A. (Wireless telecommunication services) | 321,613 | 6,705 | ||||||||
* |
Inversiones La Construccion S.A. (Diversified financial services) | 112,289 | 1,813 | |||||||
Parque Arauco S.A. (Real estate management & development) | 2,748,560 | 5,661 | ||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 117,312 | 7,231 | ||||||||
Sonda S.A. (IT services) | 816,830 | 2,454 | ||||||||
|
|
|||||||||
26,891 | ||||||||||
|
|
|||||||||
Colombia0.8% | ||||||||||
Ecopetrol S.A. (Oil, gas & consumable fuels) | 4,853,614 | 14,293 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) | ||||||||||
Emerging Latin America6.4%(continued) | ||||||||||
Mexico0.4% | ||||||||||
Grupo Mexico S.A.B. de C.V. Series B (Metals & mining) | 2,472,400 | $ | 8,171 | |||||||
|
|
|||||||||
Panama0.3% | ||||||||||
Copa Holdings S.A. (Airlines) | 62,844 | 5,107 | ||||||||
|
|
|||||||||
Asia6.2% | ||||||||||
Australia2.1% | ||||||||||
BHP Billiton, Ltd. (Metals & mining) | 262,656 | 9,002 | ||||||||
Cochlear, Ltd. (Health care equipment & supplies) | 76,334 | 5,317 | ||||||||
Telstra Corporation, Ltd. (Diversified telecommunication services) | 6,121,015 | 24,889 | ||||||||
|
|
|||||||||
39,208 | ||||||||||
|
|
|||||||||
Hong Kong2.1% | ||||||||||
AIA Group, Ltd. (Insurance) | 6,222,400 | 23,191 | ||||||||
China High Precision Automation Group, Ltd. (Electronic equipment, instruments & components)**§ |
3,373,000 | 539 | ||||||||
Hutchison Telecommunications Hong Kong Holdings, Ltd. (Diversified telecommunication services) |
10,220,000 | 4,521 | ||||||||
Sa Sa International Holdings, Ltd. (Specialty retail) | 3,570,000 | 2,449 | ||||||||
SmarTone Telecommunications Holdings, Ltd. (Wireless telecommunication services) |
2,508,500 | 5,002 | ||||||||
Value Partners Group, Ltd. (Capital markets) | 3,960,000 | 1,936 | ||||||||
|
|
|||||||||
37,638 | ||||||||||
|
|
|||||||||
Singapore2.0% | ||||||||||
First Resources, Ltd. (Food products) | 765,000 | 1,315 | ||||||||
Global Logistic Properties, Ltd. (Real estate management & development) | 6,947,000 | 14,209 | ||||||||
Keppel Corporation, Ltd. (Industrial conglomerates) | 2,186,300 | 20,310 | ||||||||
|
|
|||||||||
35,834 | ||||||||||
|
|
|||||||||
Western Hemisphere5.7% | ||||||||||
Bermuda0.7% | ||||||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 169,776 | 13,080 | ||||||||
|
|
|||||||||
Canada5.0% | ||||||||||
Alimentation Couche Tard, Inc. (Food & staples retailing) | 192,586 | 8,851 | ||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) |
696,242 | 24,027 | ||||||||
Canadian National Railway Co. (Road & rail) |
194,388 | 17,151 | ||||||||
CI Financial Corporation (Capital markets) |
327,405 | 7,566 | ||||||||
Dollarama, Inc. (Multiline retail) |
83,567 | 5,334 | ||||||||
Metro, Inc. (Food & staples retailing) |
166,535 | 9,893 | ||||||||
Peyto Exploration & Development Corporation (Oil, gas & consumable fuels) |
456,174 | 11,238 | ||||||||
* |
Precision Drilling Corporation (Energy equipment & services) |
808,177 | 6,355 | |||||||
|
|
|||||||||
90,415 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
Principal Amount |
Value | ||||||||
Common Stocks(continued) |
||||||||||
Emerging Europe, Mid-East, Africa3.4% |
||||||||||
Nigeria0.2% |
||||||||||
Guaranty Trust Bank plc (Commercial banks) |
31,707,972 | $ | 3,863 | |||||||
|
|
|||||||||
South Africa2.7% |
||||||||||
* |
Aspen Pharmacare Holdings, Ltd. (Pharmaceuticals) |
505,102 | 8,678 | |||||||
Bidvest Group, Ltd. (Industrial conglomerates) |
376,916 | 9,329 | ||||||||
FirstRand, Ltd. (Diversified financial services) |
3,111,212 | 10,425 | ||||||||
Life Healthcare Group Holdings Pte, Ltd. (Health care providers & services) |
1,040,869 | 3,971 | ||||||||
Naspers, Ltd. (Media) |
166,741 | 10,317 | ||||||||
The Foschini Group, Ltd. (Specialty retail) |
96,963 | 1,474 | ||||||||
Tiger Brands, Ltd. (Food products) |
167,912 | 5,510 | ||||||||
|
|
|||||||||
49,704 | ||||||||||
|
|
|||||||||
Turkey0.3% |
||||||||||
Turkiye Halk Bankasi A.S. (Commercial banks) |
740,139 | 5,765 | ||||||||
|
|
|||||||||
United Arab Emirates0.2% |
||||||||||
First Gulf Bank PJSC (Commercial banks) |
1,001,020 | 2,712 | ||||||||
|
|
|||||||||
Total Common Stocks96.9%
|
1,772,069 | |||||||||
|
|
|||||||||
Convertible Bond |
||||||||||
Brazil0.0% |
||||||||||
Lupatech S.A., 6.500%, due 4/15/18 (Machinery)**§ |
$ | 941 | 256 | |||||||
|
|
|||||||||
Total Convertible Bond0.0%
|
256 | |||||||||
|
|
|||||||||
Exchange-Traded Fund |
||||||||||
China0.4% |
||||||||||
iShares FTSE A50 China Index |
5,470,140 | 6,871 | ||||||||
|
|
|||||||||
Total Exchange-Traded Fund0.4%
|
6,871 | |||||||||
|
|
|||||||||
Repurchase Agreement |
||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $55,555, collateralized by U.S. Treasury Note, 1.250%, due 10/31/15 |
$ | 55,555 | 55,555 | |||||||
|
|
|||||||||
Total Repurchase Agreement3.1%
|
55,555 | |||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Total Investments100.4%
|
1,834,751 | |||||
Liabilities, plus cash and other assets(0.4)% |
(6,440 | ) | ||||
|
|
|||||
Net assets100.0% |
$ | 1,828,311 | ||||
|
|
|||||
ADR = American Depository Receipt |
|
|||||
* Non-income producing securities | ||||||
= U.S. listed foreign security | ||||||
** = Fair valued pursuant to Valuation Procedures adopted by the Board of Trustees. These holdings represent 0.04% of the Funds net assets at September 30, 2012. | ||||||
§ = Deemed illiquid pursuant to Liquidity Procedures approved by the Board of Trustees. These holdings represent 0.04% of the net assets at September 30, 2012. | ||||||
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees. |
See accompanying Notes to Portfolio of Investments.
Institutional International Growth Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
26.4 | % | ||
Consumer Discretionary |
14.7 | % | ||
Industrials |
13.9 | % | ||
Health Care |
9.1 | % | ||
Consumer Staples |
8.6 | % | ||
Energy |
7.8 | % | ||
Materials |
6.9 | % | ||
Information Technology |
5.5 | % | ||
Telecommunication Services |
5.4 | % | ||
Utilities |
1.3 | % | ||
Exchange-Traded Funds |
0.4 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: | ||||
Euro |
22.3 | % | ||
British Pound Sterling |
21.0 | % | ||
Japanese Yen |
11.1 | % | ||
Swiss Franc |
4.6 | % | ||
U.S. Dollar |
4.6 | % | ||
Hong Kong Dollar |
4.5 | % | ||
South Korean Won |
4.5 | % | ||
Norwegian Krone |
3.2 | % | ||
Brazilian Real |
2.8 | % | ||
South African Rand |
2.8 | % | ||
Canadian Dollar |
2.8 | % | ||
Swedish Krona |
2.3 | % | ||
Australian Dollar |
2.2 | % | ||
Singapore Dollar |
2.0 | % | ||
Indian Rupee |
1.9 | % | ||
Indonesian Rupiah |
1.5 | % | ||
Thai Baht |
1.3 | % | ||
Chilean Peso |
1.1 | % | ||
All Other Currencies |
3.5 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks |
||||||||||
Europe42.4% |
||||||||||
Denmark2.2% |
||||||||||
Novo Nordisk A/S Class B (Pharmaceuticals) |
14,242 | $ | 2,250 | |||||||
|
|
|||||||||
France12.6% |
||||||||||
AXA S.A. (Insurance) |
83,267 | 1,240 | ||||||||
BNP Paribas S.A. (Commercial banks) |
31,443 | 1,494 | ||||||||
Christian Dior S.A. (Textiles, apparel & luxury goods) |
9,320 | 1,250 | ||||||||
Dassault Systemes S.A. (Software) |
14,434 | 1,517 | ||||||||
Essilor International S.A. (Health care equipment & supplies) |
22,744 | 2,130 | ||||||||
LOreal S.A. (Personal products) |
10,479 | 1,296 | ||||||||
Sanofi (Pharmaceuticals) |
26,382 | 2,250 | ||||||||
Technip S.A. (Energy equipment & services) |
10,698 | 1,189 | ||||||||
Unibail-Rodamco SE (Real estate investment trusts (REITs)) |
3,967 | 791 | ||||||||
|
|
|||||||||
13,157 | ||||||||||
|
|
|||||||||
Germany8.2% |
||||||||||
BASF SE (Chemicals) |
23,004 | 1,941 | ||||||||
Bayer AG (Pharmaceuticals) |
23,868 | 2,050 | ||||||||
Fresenius SE & Co. KGaA (Health care providers & services) |
21,265 | 2,469 | ||||||||
SAP AG (Software) |
30,098 | 2,131 | ||||||||
|
|
|||||||||
8,591 | ||||||||||
|
|
|||||||||
Ireland4.6% |
||||||||||
Accenture plc Class A (IT services) |
25,528 | 1,788 | ||||||||
* |
Ryanair Holdings plcADR (Airlines) |
39,820 | 1,284 | |||||||
Shire plc (Pharmaceuticals) |
60,087 | 1,760 | ||||||||
|
|
|||||||||
4,832 | ||||||||||
|
|
|||||||||
Italy1.1% |
||||||||||
Saipem SpA (Energy equipment & services) |
24,928 | 1,197 | ||||||||
|
|
|||||||||
Netherlands2.2% |
||||||||||
Unilever N.V. (Food products) |
65,477 | 2,316 | ||||||||
|
|
|||||||||
Norway1.6% |
||||||||||
Telenor ASA (Diversified telecommunication services) |
84,093 | 1,640 | ||||||||
|
|
|||||||||
Spain1.8% |
||||||||||
Inditex S.A. (Specialty retail) |
14,950 | 1,856 | ||||||||
|
|
|||||||||
Sweden1.4% |
||||||||||
Atlas Copco AB Class A (Machinery) |
60,496 | 1,412 | ||||||||
|
|
|||||||||
Switzerland6.7% |
||||||||||
* |
Geberit AG (Building products) |
7,236 | 1,573 | |||||||
Nestle S.A. (Food products) |
25,476 | 1,606 | ||||||||
Roche Holding AG (Pharmaceuticals) |
7,805 | 1,458 | ||||||||
Syngenta AG (Chemicals) |
6,450 | 2,411 | ||||||||
|
|
|||||||||
7,048 | ||||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares | Value | ||||||||
Common Stocks(continued) |
||||||||||
United Kingdom21.2% |
||||||||||
ARM Holdings plc (Semiconductors & semiconductor equipment) |
88,020 | $ | 817 | |||||||
BG Group plc (Oil, gas & consumable fuels) |
77,260 | 1,560 | ||||||||
Burberry Group plc (Textiles, apparel & luxury goods) |
66,634 | 1,077 | ||||||||
Compass Group plc (Hotels, restaurants & leisure) |
212,010 | 2,340 | ||||||||
Diageo plc (Beverages) |
76,763 | 2,156 | ||||||||
Experian plc (Professional services) |
93,752 | 1,558 | ||||||||
InterContinental Hotels Group plc (Hotels, restaurants & leisure) |
43,548 | 1,139 | ||||||||
John Wood Group plc (Energy equipment & services) |
118,498 | 1,538 | ||||||||
Johnson Matthey plc (Chemicals) |
42,191 | 1,644 | ||||||||
Pearson plc (Media) |
106,385 | 2,079 | ||||||||
Prudential plc (Insurance) |
131,809 | 1,706 | ||||||||
* |
Rolls-Royce Holdings plc (Aerospace & defense) |
163,839 | 2,230 | |||||||
Tullow Oil plc (Oil, gas & consumable fuels) |
44,343 | 981 | ||||||||
Wolseley plc (Trading companies & distributors) |
30,927 | 1,319 | ||||||||
|
|
|||||||||
22,144 | ||||||||||
|
|
|||||||||
Japan11.5% |
||||||||||
Chiyoda Corporation (Construction & engineering) |
61,000 | 949 | ||||||||
Daito Trust Construction Co., Ltd. (Real estate management & development) |
18,200 | 1,831 | ||||||||
FamilyMart Co., Ltd. (Food & staples retailing) |
30,300 | 1,491 | ||||||||
Keyence Corporation (Electronic equipment, instruments & components) |
5,100 | 1,307 | ||||||||
Nikon Corporation (Leisure equipment & products) |
42,300 | 1,164 | ||||||||
Nitori Co., Ltd. (Specialty retail) |
11,350 | 1,055 | ||||||||
ORIX Corporation (Diversified financial services) |
15,690 | 1,576 | ||||||||
Sumitomo Mitsui Financial Group, Inc. (Commercial banks) |
54,000 | 1,688 | ||||||||
Suruga Bank, Ltd. (Commercial banks) |
81,000 | 919 | ||||||||
|
|
|||||||||
11,980 | ||||||||||
|
|
|||||||||
Canada6.6% |
||||||||||
Brookfield Asset Management, Inc. Class A (Real estate management & development) |
50,074 | 1,728 | ||||||||
Canadian National Railway Co. (Road & rail) |
16,862 | 1,488 | ||||||||
Goldcorp, Inc. (Metals & mining) |
24,718 | 1,133 | ||||||||
The Toronto-Dominion Bank (Commercial banks) |
30,105 | 2,511 | ||||||||
|
|
|||||||||
6,860 | ||||||||||
|
|
|||||||||
Emerging Asia6.2% |
||||||||||
China2.5% |
||||||||||
China Mobile, Ltd. (Wireless telecommunication services) |
135,000 | 1,497 | ||||||||
CNOOC, Ltd. (Oil, gas & consumable fuels) |
559,000 | 1,146 | ||||||||
|
|
|||||||||
2,643 | ||||||||||
|
|
|||||||||
India0.9% |
||||||||||
Tata Consultancy Services, Ltd. (IT services) |
35,473 | 871 | ||||||||
|
|
|||||||||
Papua New Guinea0.8% |
||||||||||
Oil Search, Ltd. (Oil, gas & consumable fuels) |
110,350 | 849 | ||||||||
|
|
|||||||||
South Korea2.0% |
||||||||||
Samsung Electronics Co., Ltd. (Semiconductors & semiconductor equipment) |
1,737 | 2,104 | ||||||||
|
|
See accompanying Notes to Portfolio of Investments.
Institutional International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
Issuer |
Shares or
|
Value |
||||||||
Common Stocks(continued) |
||||||||||
Asia5.2% |
||||||||||
Australia1.6% |
||||||||||
BHP Billiton, Ltd.ADR (Metals & mining) |
24,290 | $ | 1,666 | |||||||
|
|
|||||||||
Hong Kong2.1% |
||||||||||
AIA Group, Ltd. (Insurance) |
606,800 | 2,262 | ||||||||
|
|
|||||||||
Singapore1.5% |
||||||||||
Keppel Corporation, Ltd. (Industrial conglomerates) |
167,000 | 1,551 | ||||||||
|
|
|||||||||
Emerging Latin America3.9% |
||||||||||
Brazil0.9% |
||||||||||
Embraer S.A.ADR (Aerospace & defense) |
36,049 | 960 | ||||||||
|
|
|||||||||
Chile1.6% |
||||||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) |
26,986 | 1,663 | ||||||||
|
|
|||||||||
Panama1.4% |
||||||||||
Copa Holdings S.A. (Airlines) |
18,370 | 1,493 | ||||||||
|
|
|||||||||
Emerging Europe, Mid-East, Africa1.6% |
||||||||||
South Africa1.6% |
||||||||||
FirstRand, Ltd. (Diversified financial services) |
503,170 | 1,686 | ||||||||
|
|
|||||||||
Total Common Stocks98.6%
|
103,031 | |||||||||
|
|
|||||||||
Repurchase Agreement |
||||||||||
Fixed Income Clearing Corporation, 0.120% dated 9/28/12, due 10/1/12, repurchase price $1,136, collateralized by FNMA, 4.375%, due 10/15/15 |
$ | 1,136 | 1,136 | |||||||
|
|
|||||||||
Total Repurchase Agreement1.1%
|
1,136 | |||||||||
|
|
|||||||||
Total Investments99.7%
|
104,167 | |||||||||
Cash and other assets, less liabilities0.3% |
333 | |||||||||
|
|
|||||||||
Net assets100.0% |
$ | 104,500 | ||||||||
|
|
|||||||||
ADR = American Depository Receipt |
|
|||||||||
= U.S. listed foreign security |
|
|||||||||
* Non-income producing securities |
|
See accompanying Notes to Portfolio of Investments.
Institutional International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
For securities primarily traded on exchanges or markets that close before the close of regular trading on the New York Stock Exchange, the Fund may use an independent pricing service to fair value price the securities pursuant to Valuation Procedures approved by the Board of Trustees.
See accompanying Notes to Portfolio of Investments.
Institutional International Equity Fund
Portfolio of Investments, September 30, 2012 (all dollar amounts in thousands) (unaudited)
At September 30, 2012, the Funds Portfolio of Investments includes the following industry categories: |
||||
Financials |
18.9 | % | ||
Industrials |
15.4 | % | ||
Health Care |
13.9 | % | ||
Consumer Discretionary |
11.6 | % | ||
Information Technology |
10.2 | % | ||
Materials |
10.2 | % | ||
Consumer Staples |
8.6 | % | ||
Energy |
8.2 | % | ||
Telecommunication Services |
3.0 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
|||
At September 30, 2012, the Funds Portfolio of Investments includes the following currency categories: |
||||
Euro |
26.3 | % | ||
British Pound Sterling |
23.2 | % | ||
U.S. Dollar |
12.8 | % | ||
Japanese Yen |
11.6 | % | ||
Swiss Franc |
6.8 | % | ||
Hong Kong Dollar |
4.8 | % | ||
Canadian Dollar |
2.4 | % | ||
Danish Krone |
2.2 | % | ||
South Korean Won |
2.1 | % | ||
South African Rand |
1.6 | % | ||
Norwegian Krone |
1.6 | % | ||
Singapore Dollar |
1.5 | % | ||
Swedish Krona |
1.4 | % | ||
All Other Currencies |
1.7 | % | ||
|
|
|||
Total |
100.0 | % | ||
|
|
See accompanying Notes to Portfolio of Investments.
Notes to Portfolios of Investments
(1) Significant Accounting Policies
(a) Description of the Trust
William Blair Funds (the Trust) is a diversified mutual fund registered under the Investment Company Act of 1940 (the 1940 Act), as amended, as an open-end management investment company. For each fund, the number of shares authorized is unlimited. The Trust currently consists of the following publicly offered twenty-five portfolios (the Funds), each with its own investment objectives and policies.
Equity Funds |
International Equity Funds |
|
Growth |
International Growth |
|
Large Cap Growth Small Cap Growth |
International Leaders International Equity |
|
Mid Cap Growth |
International Small Cap Growth |
|
Small-Mid Cap Growth |
Emerging Markets Growth |
|
Small Cap Value |
Emerging Leaders Growth |
|
Small Mid Cap Value |
Emerging Market Small Cap |
|
Large Cap Value |
Institutional International Growth |
|
Mid Cap Value |
Institutional International Equity |
|
Global Equity Fund |
Fixed-Income Funds |
|
Global Growth |
Bond | |
Income | ||
Low Duration |
||
Multi- Asset and Alternative Funds |
Money Market Fund |
|
Macro Allocation |
Ready Reserves | |
Commodity Strategy Long/short |
The investment objectives of the Funds are as follows:
Equity |
Long-term capital appreciation. |
|
Global |
Long-term capital appreciation. |
|
Dynamic Allocation |
Long-term risk adjusted total return. |
|
International |
Long-term capital appreciation. |
|
Fixed-Income |
High level of current income with relative stability of principal (Income), maximize total return (Bond, Low Duration) | |
Money Market |
Current income, a stable share price and daily liquidity. |
1
(b) Investment Valuation
The market value of domestic equity securities is determined by valuing securities traded on national securities markets or in the over-the-counter markets at the last sale price or, if applicable, the official closing price or, in the absence of a recent sale on the date of determination, at the latest bid price.
The value of foreign equity securities is generally determined based upon the last sale price on the foreign exchange or market on which it is primarily traded and in the currency of that market as of the close of the appropriate exchange or, if there have been no sales during that day, at the latest bid price. The Board of Trustees has determined that the passage of time between when the foreign exchanges or markets close and when the Funds compute their net asset values could cause the value of foreign equity securities to no longer be representative or accurate and, as a result, may necessitate that such securities be fair valued. Accordingly, for foreign equity securities, the Funds may use an independent pricing service to fair value price the security as of the close of regular trading on the New York Stock Exchange. As a result, a Funds value for a security may be different from the last sale price (or the latest bid price).
Fixed-income securities are valued by using market quotations or independent pricing services that use either prices provided by market-makers or matrixes that produce estimates of market values obtained from yield data relating to instruments or securities with similar characteristics.
Other securities, and all other assets, including securities for which a market price is not available or is deemed unreliable, (e.g., securities affected by unusual or extraordinary events, such as natural disasters or securities affected by market or economic events, such as bankruptcy filings), or the value of which is affected by a significant valuation event, are valued at a fair value as determined in good faith by, or under the direction of, the Board of Trustees and in accordance with the Funds Valuation Procedures. The value of fair valued securities may be different from the last sale price (or the latest bid price), and there is no guarantee that a fair valued security will be sold at the price at which a Fund is carrying the security.
Investments in other funds are valued at the underlying funds net asset value on the date of valuation. Securities held in the Ready Reserves Fund are valued at amortized cost, which approximates market value.
As of September 30, 2012, there were securities held in the International Growth, International Small Cap Growth, Emerging Markets Growth, Bond, Income and Institutional International Growth Funds requiring fair valuation pursuant to the Funds Valuation Procedures.
The Global Growth, International Growth, International Leaders, International Equity, International Small Cap Growth, Emerging Markets Growth, Emerging Leaders Growth, Emerging Market Small Cap Growth, Institutional International Growth, and Institutional International Equity Funds may invest in securities denominated in foreign currencies. As such, assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the current exchange rate on the date of valuation. The values of foreign investments, open forward foreign currency contracts, and cash denominated in foreign currencies are translated into U.S. dollars using a spot market rate of exchange as of the time of the determination of each Portfolios Net Asset Value, typically 4:00 p.m. Eastern time on days when there is regular trading on the New York Stock Exchange. Payables and receivables for securities transactions, dividends, interest income and tax reclaims are translated into U.S. dollars using a spot market rate of exchange as of 4:00 p.m. Eastern time. Settlement of purchases and sales and dividend and interest receipts are translated into U.S. dollars using a spot market rate of exchange as of 11:00 a.m. Eastern time.
(c) Repurchase Agreements
In a repurchase agreement, a Fund buys a security at one price and at the time of sale, the seller agrees to repurchase the obligation at a mutually agreed upon time and price (usually within seven days). The repurchase agreement thereby determines the yield during the purchasers holding period, while the sellers obligation to repurchase is secured by the value of the underlying security. The Advisor will monitor, on an ongoing basis, the value of the underlying securities to ensure that the value always equals or exceeds the repurchase price plus accrued interest. Repurchase agreements could involve certain risks in the event of a default or insolvency of the other party to the agreement, including possible delays or restrictions upon a Funds ability to dispose of the underlying securities. The risk to a Fund is limited to the ability of the seller to pay the agreed upon sum on the delivery date. In the event of default, a repurchase agreement provides that a Fund is entitled to sell the underlying collateral. The loss, if any, to a Fund will be the difference between the proceeds from the sale and the repurchase price. However, if bankruptcy proceedings are commenced with respect to the seller of the security, disposition of the collateral by the Fund may be delayed or limited. Although no definitive creditworthiness criteria are used, the Advisor reviews the creditworthiness of the banks and non-bank dealers with which a Fund enters into repurchase agreements to evaluate those risks. The Advisor will review and monitor the creditworthiness of broker dealers and banks with which a Fund enters into repurchase agreements. A Fund may, under certain circumstances, deem repurchase agreements collateralized by U.S. Government securities to be investments in U.S. Government securities.
2
(d) Forward Foreign Currency Contracts
The Global Growth, International Growth, International Leaders, International Equity, International Small Cap Growth, Emerging Markets Growth, Emerging Markets Small Cap Growth, Emerging Leaders Growth, Institutional International Growth and Institutional International Equity Funds from time to time may enter into forward foreign currency contracts with the Funds custodian and other counterparties in an attempt to hedge against a decline in the value of foreign currency against the U.S. dollar. The Funds bear the market risk that arises from changes in foreign currency rates and bear the credit risk if the counterparty fails to perform under the contract.
The following table presents open forward foreign currency contracts as of September 30, 2012 (values in thousands):
International Growth Fund
Counterparty |
Short Contracts |
Settlement
Date |
Local
Currency |
Current
Value |
Unrealized
Gain/Loss |
|||||||||||||
Morgan Stanley |
Euro Currency | 12/17/2012 | 64,025 | $ | 82,342 | 1,216 | ||||||||||||
State Street Bank |
Japanese Yen | 12/14/2012 | 6,024,237 | 77,246 | (607 | ) | ||||||||||||
Bank of New York | Pound Sterling | 12/18/2012 | 93,970 | 151,710 | (214 | ) | ||||||||||||
International Leaders Fund | ||||||||||||||||||
Counterparty |
Short Contracts |
Settlement
Date |
Local
Currency |
Current
Value |
Unrealized
Gain/Loss |
|||||||||||||
Morgan Stanley |
Euro Currency | 12/17/2012 | 64 | $ | 82 | 1 | ||||||||||||
State Street Bank |
Japanese Yen | 12/14/2012 | 5,394 | 69 | (1 | ) | ||||||||||||
Bank of New York |
Pound Sterling | 12/18/2012 | 122 | 197 | | |||||||||||||
International Equity | ||||||||||||||||||
Counterparty |
Short Contracts |
Settlement
Date |
Local
Currency |
Current
Value |
Unrealized
Gain/Loss |
|||||||||||||
Morgan Stanley |
Euro Currency | 12/17/2012 | 2,730 | $ | 3,511 | 81 | ||||||||||||
Institutional International Growth Fund | ||||||||||||||||||
Counterparty |
Short Contracts |
Settlement
Date |
Local
Currency |
Current
Value |
Unrealized
Gain/Loss |
|||||||||||||
Morgan Stanley |
Euro Currency | 12/17/2012 | 32,991 | $ | 42,429 | 626 | ||||||||||||
State Street Bank |
Japanese Yen | 12/14/2012 | 3,107,688 | 39,848 | (313 | ) | ||||||||||||
Bank of New York | Pound Sterling | 12/18/2012 | 48,367 | 78,086 | (110 | ) | ||||||||||||
Institutional International Equity Fund | ||||||||||||||||||
Counterparty |
Short Contracts |
Settlement
Date |
Local
Currency |
Current
Value |
Unrealized
Gain/Loss |
|||||||||||||
Morgan Stanley |
Euro Currency | 12/17/2012 | 4,206 | $ | 5,409 | 125 |
(e) Income Taxes
Fund |
Cost of
Investments |
Gross
Unrealized Appreciation |
Gross
Unrealized Depreciation |
Net
Unrealized Appreciation/ Depreciation |
||||||||||||
Growth |
$ | 498,297 | $ | 147,742 | $ | 6,593 | $ | 141,149 | ||||||||
Large Cap Growth |
21,796 | 6,757 | 303 | 6,454 | ||||||||||||
Small Cap Growth |
389,115 | 84,782 | 36,928 | 47,854 | ||||||||||||
Mid Cap Growth |
351,163 | 38,598 | 9,226 | 29,372 | ||||||||||||
Small-Mid Cap Growth |
345,676 | 52,262 | 10,046 | 42,216 | ||||||||||||
Global Growth |
46,096 | 9,367 | 642 | 8,725 | ||||||||||||
International Growth |
3,134,908 | 466,640 | 62,718 | 403,922 | ||||||||||||
International Leaders |
3,720 | 137 | 37 | 100 | ||||||||||||
International Equity |
58,532 | 9,868 | 911 | 8,957 | ||||||||||||
International Small Cap Growth |
612,919 | 97,861 | 19,224 | 78,637 | ||||||||||||
Emerging Markets Growth |
812,537 | 106,941 | 12,286 | 94,655 | ||||||||||||
Emerging Leaders Growth |
54,530 | 4,055 | 648 | 3,407 | ||||||||||||
Emerging Markets Small Cap Growth |
6,449 | 1,204 | 54 | 1,150 | ||||||||||||
Large Cap Value |
3,173 | 434 | 50 | 384 | ||||||||||||
Small Cap Value |
227,656 | 27,841 | 6,691 | 21,150 | ||||||||||||
Mid Cap Value |
3,732 | 449 | 89 | 360 | ||||||||||||
Small-Mid Cap Value |
2,149 | 247 | 55 | 192 | ||||||||||||
Bond |
260,857 | 22,373 | 146 | 22,227 | ||||||||||||
Income |
128,041 | 7,635 | 480 | 7,155 | ||||||||||||
Low Duration |
211,880 | 2,967 | 171 | 2,796 | ||||||||||||
Ready Reserves |
1,251,248 | | | | ||||||||||||
Institutional International Growth |
1,630,749 | 232,281 | 28,279 | 204,002 | ||||||||||||
Institutional International Equity |
88,795 | 16,667 | 1,296 | 15,371 |
3
(f) Fair Value Measurements
Fair value is defined as the price that a Fund would receive upon selling a security in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Funds investments. A three-tier hierarchy of inputs is used to classify fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
|
Level 1Quoted prices (unadjusted) in active markets for an identical security. |
|
Level 2Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, and others. In addition, other observable inputs such as foreign exchange rates, benchmark securities indices and foreign futures contracts may be utilized in the valuation of certain foreign securities when significant events occur between the last sale on the foreign securities exchange and the time the net asset value of the Fund is calculated. |
|
Level 3Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment), unobservable inputs may be used. Unobservable inputs reflect the Funds own assumptions about the factors market participants would use in pricing an investment, and would be based on the best information available. |
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
Any transfers between Level 1 and Level 2 are disclosed, effective as of the beginning of the period, in the table below with the reason for the transfer disclosed in the note to the tables, if applicable.
As of September 30, 2012, the hierarchical input levels of securities in each Fund, segregated by security class, are as follows (in thousands):
4
Investments in securities |
Growth |
Large Cap
Growth |
Small Cap
Growth |
Mid Cap
Growth |
Small-Mid
Cap Growth |
Global
Growth |
||||||||||||||||||
Level 1 - Quoted prices |
||||||||||||||||||||||||
Common Stocks |
622,732 | 28,047 | 394,883 | 369,198 | 377,973 | 53,257 | ||||||||||||||||||
Exchange Traded Funds |
| | 20,938 | | | | ||||||||||||||||||
Level 2 - Other significant observable inputs |
||||||||||||||||||||||||
Short-Term Investments |
16,714 | 202 | 21,148 | 11,337 | 9,919 | 1,563 | ||||||||||||||||||
Level 3 - Significant unobservable inputs |
||||||||||||||||||||||||
None |
| | | | | | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total investments in securities |
$ | 639,446 | $ | 28,249 | $ | 436,969 | $ | 380,535 | $ | 387,892 | $ | 54,820 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities |
International
Growth |
International
Leaders |
International
Equity |
International
Small Cap Growth |
Emerging
Markets Growth |
Emerging
Leaders Growth |
Emerging
Small Cap Growth |
|||||||||||||||||||||
Level 1 - Quoted prices |
||||||||||||||||||||||||||||
Common Stocks |
3,440,141 | 3,669 | 66,882 | 669,473 | 874,654 | 55,852 | 7,366 | |||||||||||||||||||||
Preferred Stocks |
| | | | 16,659 | 1,545 | 89 | |||||||||||||||||||||
Exchange Traded Funds |
13,419 | | | | | | | |||||||||||||||||||||
Level 2 - Other significant observable inputs |
||||||||||||||||||||||||||||
Short-Term Investments |
83,433 | 151 | 606 | 21,822 | 15,443 | 539 | 143 | |||||||||||||||||||||
Level 3 - Significant unobservable inputs |
||||||||||||||||||||||||||||
Common stock |
1,055 | | | | | | | |||||||||||||||||||||
Convertible bonds |
782 | | | 261 | 436 | | | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total investments in securities |
$ | 3,538,830 | $ | 3,820 | $ | 67,488 | $ | 691,556 | $ | 907,192 | $ | 57,936 | $ | 7,598 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Other financial instruments |
||||||||||||||||||||||||||||
Level 2 - Other significant observable inputs |
||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Forward foreign currency contracts |
$ | 395 | | $ | 81 | | | | | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities |
Large Cap
Value |
Small Cap
Value |
Mid Cap
Value |
Small-Mid
Cap Value |
||||||||||||
Level 1 - Quoted prices |
||||||||||||||||
Common Stocks |
3,556 | 239,300 | 3,935 | 2,342 | ||||||||||||
Level 2 - Other significant observable inputs |
||||||||||||||||
Short-Term Investments |
| 9,876 | 157 | | ||||||||||||
Level 3 - Significant unobservable inputs |
||||||||||||||||
None |
| | | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments in securities |
$ | 3,556 | $ | 249,176 | $ | 4,092 | $ | 2,342 | ||||||||
|
|
|
|
|
|
|
|
Investments in securities |
Bond | Income | Low Duration Fund |
Ready
Reserves |
||||||||||||
Level 1 - Quoted Prices |
||||||||||||||||
None |
| | | | ||||||||||||
Level 2 - Other significant observable inputs |
||||||||||||||||
US Government and Agency Bonds |
115,882 | 63,114 | 157,975 | 54,484 | ||||||||||||
Corporate Bonds |
155,360 | 64,566 | 23,949 | 136,977 | ||||||||||||
Asset Backed Bonds |
8,758 | 5,363 | 31,285 | 44,855 | ||||||||||||
Commercial Paper |
| | | 797,828 | ||||||||||||
Short-Term Investments |
2,917 | 1,237 | 1,467 | 217,104 | ||||||||||||
Level 3 - Significant unobservable inputs |
||||||||||||||||
Asset Backed Bonds |
167 | 916 | | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investments in securities |
$ | 283,084 | $ | 135,196 | $ | 214,676 | $ | 1,251,248 | ||||||||
|
|
|
|
|
|
|
|
Investments in securities |
Institutional
International Growth |
Institutional
International Equity |
||||||
Level 1 - Quoted prices |
||||||||
Common Stock |
1,771,530 | 103,031 | ||||||
Preferred Stock |
| | ||||||
Exchange traded funds |
6,871 | | ||||||
Level 2 - Other significant observable inputs |
||||||||
Short-Term Investments |
55,555 | 1,136 | ||||||
Level 3 - Significant unobservable inputs |
||||||||
Common Stock |
539 | | ||||||
Convertible Bonds |
256 | | ||||||
|
|
|
|
|||||
Total investments in securities |
$ | 1,834,751 | $ | 104,167 | ||||
|
|
|
|
|||||
Other financial instruments |
||||||||
Level 2 - Other significant observable inputs |
||||||||
|
|
|
|
|||||
Forward foreign currency contracts |
203 | 125 | ||||||
|
|
|
|
* | All the investments held by ready Reserves Fund are short-term investments. |
There were no transfers between Level 1 and Level 2 during the year.
Level 1 Common Stocks are exchange-traded securities with a quoted price. See Portfolio of Investments for Sector Classification.
The fair value estimates for the Level 3 securities in the International Growth, International Small Cap Growth, Emerging Markets Growth, Bond, Income and Institutional International Growth Funds were determined in good faith by the Pricing Committee in consultation with the Valuation Committee, pursuant to the Valuation Procedures adopted by the Board of Trustees. There were various factors considered in reaching this fair value determination, including, but not limited to, the following: the type of security, the extent of public trading of the security, information obtained from a broker-dealer for the security, analysis of the companys performance, market trends that influence its performance and the potential for an adverse outcome in pending litigation. Level 3 securities represented 0.05%, 0.04%, 0.05%, 0.06%, 0.68%, and 0.04% as a percentage of Net Assets in the International Growth, International Small Cap, Emerging Markets Growth, Bond, Income and Institutional International Growth Funds, respectively. The change in net unrealized gain (loss) related to those securities held at September 30, 2012 is included in the change in net unrealized appreciation (depreciation) of investments on the Statement of Operations. There were no transfers to or from Level 3 during the period.
5
Item 2. Controls and Procedures
(a) | The Registrants Principal Executive Officer and Principal Financial Officer have concluded that the Registrants disclosure controls and procedures are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures. |
(b) | There was no change in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrants last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Item 3. Exhibits
Separate certifications for the Registrants Principal Executive Officer and Principal Financial Officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached as exhibit EX-99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WILLIAM BLAIR FUNDS | ||
By: |
/s/ Michelle R. Seitz |
|
Michelle R. Seitz President |
Date: November 26, 2012
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: |
/s/ Michelle R. Seitz |
|
Michelle R. Seitz President (Principal Executive Officer) |
Date: November 26, 2012
By: |
/s/ Colette M. Garavalia |
|
Colette M. Garavalia | ||
Treasurer (Principal Financial Officer) |
Date: November 26, 2012
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