|
U.S. TREASURY SECURITIES CASH FUND
|
||||||||||||||
|
Portfolio of Investments (unaudited)
|
March 31, 2011
|
|||||||||||||
|
UNITED STATES GOVERNMENT OBLIGATIONS 40.10%
|
Coupon
Rate
|
Maturity
Date
|
Principal
Amount
|
Value
|
||||||||||
|
United States Treasury Bills 40.10%
|
||||||||||||||
|
Yield
|
0.14 | % |
04/07/11
|
$ | 10,000,000 | $ | 9,999,775 | |||||||
|
Yield
|
0.14 | % |
04/14/11
|
10,000,000 | 9,999,485 | |||||||||
|
Yield
|
0.11 | % |
04/21/11
|
20,000,000 | 19,998,764 | |||||||||
|
Total United States Government Obligations
|
39,998,024 | |||||||||||||
|
(cost $39,998,024)
|
||||||||||||||
|
REPURCHASE AGREEMENTS 59.62%
|
||||||||||||||
|
Joint Tri-Party Repurchase Agreements, 03/31/11, collateralized by U.S. Treasury securities held in joint tri-party repurchase accounts:
|
||||||||||||||
|
0.12% Barclays Capital, Inc., repurchase price $20,000,067
|
0.12 | % |
04/01/11
|
20,000,000 | 20,000,000 | |||||||||
|
0.12% Credit Suisse Securities USA LLC, repurchase price $23,463,341
|
0.12 | % |
04/01/11
|
23,463,263 | 23,463,263 | |||||||||
|
0.12% Morgan Stanley, repurchase price $16,000,053
|
0.12 | % |
04/01/11
|
16,000,000 | 16,000,000 | |||||||||
|
Total Repurchase Agreements
|
59,463,263 | |||||||||||||
|
(cost $59,463,263)
|
||||||||||||||
|
Total Investments 99.72%
|
99,461,287 | |||||||||||||
|
(cost $99,461,287)
|
||||||||||||||
|
Other assets and liabilities, net 0.28%
|
280,485 | |||||||||||||
|
NET ASSETS 100%
|
$ | 99,741,772 | ||||||||||||
|
See notes to portfolios of investments.
|
||||||||||||||
|
U.S. GOVERNMENT SECURITIES SAVINGS FUND
|
||||||||||||||
|
Portfolio of Investments (unaudited)
|
March 31, 2011
|
|||||||||||||
|
UNITED STATES GOVERNMENT AND AGENCY OBLIGATIONS 99.93%
|
Coupon
Rate
|
Maturity
Date
|
Principal
Amount
|
Value
|
||||||||||
|
Federal Farm Credit Bank 46.68%
|
||||||||||||||
|
Discount Notes:
|
||||||||||||||
|
Yield
|
0.01 | % |
04/01/11
|
$ | 70,000,000 | $ | 70,000,000 | |||||||
|
Yield
|
0.22 | % |
07/13/11
|
2,000,000 | 1,998,741 | |||||||||
|
Variable Rates:
|
||||||||||||||
| 0.33 | % |
07/01/11
|
7,000,000 | 7,002,281 | ||||||||||
| 0.26 | % |
10/07/11
|
3,200,000 | 3,200,679 | ||||||||||
| 0.21 | % |
10/26/11
|
5,000,000 | 5,000,000 | ||||||||||
| 0.20 | % |
12/07/11
|
1,100,000 | 1,099,627 | ||||||||||
| 0.27 | % |
02/13/12
|
3,950,000 | 3,952,437 | ||||||||||
| 92,253,765 | ||||||||||||||
|
Federal Home Loan Bank 43.13%
|
||||||||||||||
|
Discount Notes:
|
||||||||||||||
|
Yield
|
0.09 | % |
04/01/11
|
30,000,000 | 30,000,000 | |||||||||
|
Yield
|
0.08 | % |
04/06/11
|
15,000,000 | 14,999,844 | |||||||||
|
Yield
|
0.06 | % |
04/11/11
|
20,000,000 | 19,999,667 | |||||||||
|
Yield
|
0.11 | % |
05/25/11
|
2,126,000 | 2,125,665 | |||||||||
|
Yield
|
0.19 | % |
05/27/11
|
1,365,000 | 1,364,596 | |||||||||
|
Yield
|
0.21 | % |
06/15/11
|
2,233,000 | 2,232,046 | |||||||||
|
Fixed Rate:
|
||||||||||||||
| 0.40 | % |
12/20/11
|
1,000,000 | 1,000,000 | ||||||||||
|
Variable Rates:
|
||||||||||||||
| 0.18 | % |
05/06/11
|
3,500,000 | 3,499,810 | ||||||||||
| 0.22 | % |
07/22/11
|
5,000,000 | 5,000,000 | ||||||||||
| 0.18 | % |
09/09/11
|
5,000,000 | 4,998,661 | ||||||||||
| 85,220,289 | ||||||||||||||
|
United States Treasury Bills 10.12%
|
||||||||||||||
|
Yield
|
0.13 | % |
04/15/11
|
10,000,000 | 9,999,514 | |||||||||
|
Yield
|
0.07 | % |
04/21/11
|
10,000,000 | 9,999,611 | |||||||||
| 19,999,125 | ||||||||||||||
|
Total Investments 99.93%
|
197,473,179 | |||||||||||||
|
(cost $197,473,179)
|
||||||||||||||
|
Other assets and liabilities, net 0.07%
|
139,664 | |||||||||||||
|
NET ASSETS 100%
|
$ | 197,612,843 | ||||||||||||
|
See notes to portfolios of investments.
|
||||||||||||||
|
NEAR-TERM TAX FREE FUND
|
|||||||||||||
|
Portfolio of Investments (unaudited)
|
March 31, 2011
|
||||||||||||
|
MUNICIPAL BONDS 96.02%
|
Coupon
Rate
|
Maturity
Date
|
Principal
Amount
|
Value
|
|||||||||
|
Alabama 4.85%
|
|||||||||||||
|
Alabama State Public School & College Authority
|
5.00 | % |
12/01/16
|
$ | 290,000 | $ | 329,646 | ||||||
|
Bessemer, Alabama Water Revenue
|
4.00 | % |
01/01/16
|
300,000 | 297,177 | ||||||||
|
Jasper Alabama Water Works & Sewer Board, Inc., Utilities Revenue, Series A
|
3.00 | % |
06/01/15
|
90,000 | 91,693 | ||||||||
|
Jasper Alabama Water Works & Sewer Board, Inc., Utilities Revenue, Series A
|
3.00 | % |
06/01/16
|
90,000 | 90,512 | ||||||||
|
Mountain Brook City Board of Education Capital Outlay
|
4.00 | % |
02/15/15
|
200,000 | 215,328 | ||||||||
|
University of Alabama at Birmingham, Hospital Revenue, Series A
|
5.00 | % |
09/01/15
|
300,000 | 322,911 | ||||||||
| 1,347,267 | |||||||||||||
|
Alaska 1.15%
|
|||||||||||||
|
Alaska Municipal Bond Bank Authority, Series A
|
4.00 | % |
02/01/16
|
300,000 | 319,893 | ||||||||
|
Arizona 4.80%
|
|||||||||||||
|
Arizona Board Regents Certificates of Participation, Series B
|
4.50 | % |
06/01/16
|
200,000 | 217,412 | ||||||||
|
Arizona Health Facilities Authority Revenues,
Series D
|
5.00 | % |
01/01/14
|
250,000 | 268,360 | ||||||||
|
Arizona School Facilities Board Certificates,
Series A-1
|
5.00 | % |
09/01/17
|
325,000 | 340,538 | ||||||||
|
Arizona State Transportation Board Excise Tax Revenue
|
5.00 | % |
07/01/17
|
175,000 | 198,930 | ||||||||
|
Pima County Unified School District, GO Unlimited, Refunding
|
3.70 | % |
07/01/12
|
300,000 | 310,059 | ||||||||
| 1,335,299 | |||||||||||||
|
California 3.01%
|
|||||||||||||
|
California State, Refunding, Recreational Facility, GO Unlimited
|
5.00 | % |
12/01/19
|
250,000 | 263,395 | ||||||||
|
San Diego, California Community College District, Capital Appreciation, Election 2002, GO
Unlimited (ZCB)
|
4.34 | %(1) |
05/01/15
|
300,000 | 265,101 | ||||||||
|
Vernon, California Electric Systems Revenue,
Series A
|
3.75 | % |
08/01/13
|
300,000 | 309,294 | ||||||||
| 837,790 | |||||||||||||
|
Connecticut 1.71%
|
|||||||||||||
|
Connecticut State, Series D, GO Unlimited
|
5.38 | % |
11/15/18
|
250,000 | 269,825 | ||||||||
|
Connecticut State, Series E, GO Unlimited
|
5.13 | % |
11/15/14
|
200,000 | 205,112 | ||||||||
| 474,937 | |||||||||||||
|
District of Columbia 2.35%
|
|||||||||||||
|
District of Columbia Certifications of Participation
|
4.00 | % |
01/01/14
|
250,000 | 261,008 | ||||||||
|
Washington D.C. Convention Center Authority Dedicated Tax Revenue, Refunding, Series A
|
5.00 | % |
10/01/13
|
110,000 | 118,056 | ||||||||
|
Washington D.C. Convention Center Authority Dedicated Tax Revenue, Refunding, Series A
|
5.00 | % |
10/01/16
|
250,000 | 273,672 | ||||||||
| 652,736 | |||||||||||||
|
Florida 9.68%
|
|||||||||||||
|
Cape Coral, Florida Gas Tax Revenue, Series A
|
4.00 | % |
10/01/16
|
255,000 | 259,656 | ||||||||
|
Florida Gulf Coast University Financing Corp., Florida Capital Improvement Revenue, Series B
|
3.00 | % |
02/01/16
|
365,000 | 363,529 | ||||||||
|
Florida State Board of Education Lottery Revenue, Series A
|
4.00 | % |
07/01/14
|
300,000 | 320,277 | ||||||||
|
Florida State Board of Governors Parking Facilities Revenue, Series A
|
3.00 | % |
07/01/17
|
300,000 | 305,301 | ||||||||
|
Fort Pierce, Florida Stormwater Utilities Revenue
|
4.50 | % |
10/01/17
|
255,000 | 261,034 | ||||||||
|
Hillsborough Country Florida Community Investment Tax Revenue
|
4.00 | % |
05/01/16
|
300,000 | 315,414 | ||||||||
|
Miami - Dade County, Florida Water & Sewer Revenue System, Series A
|
4.00 | % |
10/01/16
|
235,000 | 253,600 | ||||||||
|
Orange County, Florida Tourist Development Tax Revenue, Refunding
|
5.00 | % |
10/01/14
|
260,000 | 282,859 | ||||||||
|
Reedy Creek, Florida Improvement District Utilities Revenue, Refunding, Series 2
|
5.00 | % |
10/01/16
|
300,000 | 328,719 | ||||||||
| 2,690,389 | |||||||||||||
|
Georgia 3.43%
|
|||||||||||||
|
Atlanta Downtown Development Authority
|
4.25 | % |
12/01/16
|
250,000 | 267,780 | ||||||||
|
Atlanta, Georgia Water & Wastewater Revenue, Series B
|
3.50 | % |
11/01/13
|
400,000 | 418,660 | ||||||||
|
Emanuel County Georgia Hospital Authority Revenue Anticipation Certificates
|
4.30 | % |
07/01/17
|
250,000 | 266,220 | ||||||||
| 952,660 | |||||||||||||
|
Illinois 14.82%
|
|||||||||||||
|
Aurora, Illinois, Series B, GO Unlimited
|
3.00 | % |
12/30/15
|
200,000 | 205,610 | ||||||||
|
Chicago Board of Education, Dedicated Revenues, Series F, GO Unlimited
|
5.00 | % |
12/01/16
|
300,000 | 324,816 | ||||||||
|
Chicago Board of Education, Series A
|
5.25 | % |
12/01/13
|
250,000 | 266,232 | ||||||||
|
Chicago, Illinois Sales Tax Revenue
|
5.50 | % |
01/01/15
|
350,000 | 389,361 | ||||||||
|
Chicago, Illinois, Direct Access Bond, Series E-1 B, GO Unlimited
|
4.00 | % |
01/01/19
|
200,000 | 199,726 | ||||||||
|
Chicago, Illinois, Unrefunded Balance, Series B
|
5.13 | % |
01/01/15
|
325,000 | 347,383 | ||||||||
|
Dundee Township, GO Unlimited
|
5.00 | % |
12/01/13
|
240,000 | 259,627 | ||||||||
|
Illinois Finance Authority Revenue, Refunding
|
5.00 | % |
07/01/16
|
390,000 | 417,600 | ||||||||
|
Illinois State Sales Tax Revenue
|
5.00 | % |
06/15/14
|
200,000 | 215,444 | ||||||||
|
Illinois State Toll Highway Authority, Toll Highway Revenue, Series A
|
5.00 | % |
01/01/16
|
200,000 | 212,360 | ||||||||
|
Illinois State, Refunding, GO Unlimited
|
5.00 | % |
01/01/16
|
300,000 | 314,004 | ||||||||
|
Metropolitan Pier & Exposition Authority
|
5.38 | % |
06/01/15
|
280,000 | 295,935 | ||||||||
|
State of Illinois, First Series, Refunding, GO Unlimited
|
5.50 | % |
08/01/19
|
300,000 | 302,982 | ||||||||
|
Winnebago County Public Safety Sales Tax, Series A, GO Unlimited
|
5.00 | % |
12/30/16
|
350,000 | 368,232 | ||||||||
| 4,119,312 | |||||||||||||
|
Indiana 4.08%
|
|||||||||||||
|
Hamilton Heights Independent School
|
5.25 | % |
07/15/11
|
195,000 | 197,611 | ||||||||
|
Indiana State Finance Authority Revenue, Refunding
|
4.00 | % |
05/01/12
|
350,000 | 362,009 | ||||||||
|
Noblesville Independent Redevelopment Authority Lease Rent Revenue
|
5.00 | % |
01/15/24
|
250,000 | 255,777 | ||||||||
|
Tippecanoe County, Indiana School Improvements
|
4.00 | % |
01/15/15
|
300,000 | 317,787 | ||||||||
| 1,133,184 | |||||||||||||
|
Iowa 1.84%
|
|||||||||||||
|
Ames, Iowa Hospital Revenue, Refunding
|
5.00 | % |
06/15/15
|
300,000 | 301,650 | ||||||||
|
Johnston Community School District, GO Unlimited
|
4.00 | % |
06/01/16
|
200,000 | 210,392 | ||||||||
| 512,042 | |||||||||||||
|
Kansas 0.79%
|
|||||||||||||
|
Kansas State Development Finance Authority Revenue
|
4.00 | % |
10/01/15
|
200,000 | 218,440 | ||||||||
|
Kentucky 1.11%
|
|||||||||||||
|
Louisville & Jefferson County Metropolitan Sewer District & Drain Systems, Series A
|
5.50 | % |
05/15/15
|
300,000 | 309,921 | ||||||||
|
Massachusetts 1.29%
|
|||||||||||||
|
New Bedford, Massachusetts, State Qualified Municipal Loan, GO Limited
|
3.00 | % |
03/01/15
|
345,000 | 358,555 | ||||||||
|
Michigan 4.32%
|
|||||||||||||
|
Detroit, Michigan Sewer Disposal Revenue, Refunding, Series C-1
|
5.25 | % |
07/01/15
|
400,000 | 428,472 | ||||||||
|
Michigan State Building Authority Revenue, Refunding, Series I
|
5.25 | % |
10/15/14
|
300,000 | 321,915 | ||||||||
|
Michigan State Grant Anticipation Bonds
|
5.00 | % |
09/15/16
|
200,000 | 223,036 | ||||||||
|
Michigan State Hospital Finance Authority Revenue, Trinity Health, Series A
|
6.00 | % |
12/01/18
|
200,000 | 228,266 | ||||||||
| 1,201,689 | |||||||||||||
|
Missouri 0.81%
|
|||||||||||||
|
Missouri State Health & Educational Facilities Authority Revenue, Series A
|
6.75 | % |
05/15/13
|
200,000 | 224,590 | ||||||||
|
Nevada 1.88%
|
|||||||||||||
|
Clark County Nevada School District, Refunding, Series A
|
5.50 | % |
06/15/16
|
250,000 | 271,395 | ||||||||
|
Nye County School District, GO Limited
|
4.00 | % |
05/01/15
|
230,000 | 250,063 | ||||||||
| 521,458 | |||||||||||||
|
New Hampshire 0.44%
|
|||||||||||||
|
New Hampshire Health & Education Facilities Authority Revenue
|
5.00 | % |
07/01/14
|
120,000 | 122,838 | ||||||||
|
New Jersey 1.57%
|
|||||||||||||
|
Atlantic City, New Jersey Municipal Utilities Authority Revenue, Refunding
|
5.00 | % |
06/01/17
|
150,000 | 163,657 | ||||||||
|
New Jersey State Transportation Trust Fund Authority, Series D
|
4.00 | % |
06/15/14
|
250,000 | 273,520 | ||||||||
| 437,177 | |||||||||||||
|
New York 4.53%
|
|||||||||||||
|
Long Island Power Authority, New York Electric Systems, Revenue, Series E
|
5.00 | % |
12/01/17
|
330,000 | 360,314 | ||||||||
|
New York State Dormitory Authority Revenues, Nonconstruction Supported Debt, Municipal Facilities Health Lease, Series 1
|
5.00 | % |
01/15/17
|
300,000 | 327,768 | ||||||||
|
New York, New York, Series G, GO Unlimited
|
5.00 | % |
08/01/12
|
125,000 | 132,180 | ||||||||
|
New York, New York, Subseries L-1, GO Unlimited
|
4.00 | % |
04/01/15
|
300,000 | 322,893 | ||||||||
|
Schenectady Metroplex Development Authority Revenue, Series A
|
5.00 | % |
12/15/12
|
110,000 | 116,282 | ||||||||
| 1,259,437 | |||||||||||||
|
Pennsylvania 0.72%
|
|||||||||||||
|
Philadelphia, Pennsylvania, GO Unlimited
|
4.50 | % |
08/01/12
|
195,000 | 200,807 | ||||||||
|
Puerto Rico 1.87%
|
|||||||||||||
|
Commonwealth of Puerto Rico, GO Unlimited
|
6.00 | % |
07/01/13
|
250,000 | 267,400 | ||||||||
|
Commonwealth of Puerto Rico, Refunding, GO Unlimited
|
5.50 | % |
07/01/11
|
250,000 | 252,622 | ||||||||
| 520,022 | |||||||||||||
|
Rhode Island 0.98%
|
|||||||||||||
|
Rhode Island State Economic Development Corporation Revenue, Series A
|
5.00 | % |
06/15/17
|
250,000 | 271,493 | ||||||||
|
South Carolina 2.47%
|
|||||||||||||
|
Jasper County School District, GO Unlimited
|
4.00 | % |
03/01/15
|
195,000 | 213,036 | ||||||||
|
Piedmont Municipal Power Agency
|
5.00 | % |
01/01/16
|
150,000 | 164,334 | ||||||||
|
Spartanburg County School District
|
3.88 | % |
04/01/12
|
300,000 | 309,279 | ||||||||
| 686,649 | |||||||||||||
|
Tennessee 2.15%
|
|||||||||||||
|
Metropolitan Government of Nashville & Davidson County, Water & Sewer Revenue
|
6.50 | % |
12/01/14
|
250,000 | 297,740 | ||||||||
|
Tennessee State, GO Unlimited, Refunding, Series A
|
5.00 | % |
05/01/11
|
300,000 | 301,035 | ||||||||
| 598,775 | |||||||||||||
|
Texas 12.49%
|
|||||||||||||
|
Addison, Texas Certificates of Obligation, GO Unlimited
|
4.00 | % |
02/15/20
|
250,000 | 256,943 | ||||||||
|
Annetta, Texas Certificates of Obligation, GO Limited
|
4.00 | % |
08/01/16
|
200,000 | 201,422 | ||||||||
|
Grand Prairie Independent School District, Refunding, GO Unlimited (ZCB)
|
3.92 | %(1) |
08/15/16
|
400,000 | 335,272 | ||||||||
|
Houston, Texas, Public Improvement, Refunding, GO Limited, Series A
|
5.38 | % |
03/01/16
|
180,000 | 199,485 | ||||||||
|
Katy, Texas Independent School District, School Building, Series D, GO Unlimited
|
4.50 | % |
02/15/19
|
325,000 | 350,090 | ||||||||
|
Lewisville, Texas Independent School District, GO Unlimited, Refunding (ZCB)
|
4.04 | %(1) |
08/15/15
|
400,000 | 365,012 | ||||||||
|
Lower Colorado River Authority Texas, Refunding
|
5.25 | % |
05/15/19
|
240,000 | 253,483 | ||||||||
|
North Texas Municipal Water District, Regional Solid Waste Disposal Systems Revenue
|
3.00 | % |
09/01/12
|
300,000 | 305,895 | ||||||||
|
San Antonio Water System Revenue
|
5.00 | % |
05/15/13
|
100,000 | 100,527 | ||||||||
|
San Antonio, Texas Municipal Drain Utilities Systems Revenue
|
4.00 | % |
02/01/16
|
300,000 | 309,696 | ||||||||
|
San Patricio, Texas Municipal Water District, Refunding
|
4.00 | % |
07/10/18
|
200,000 | 202,574 | ||||||||
|
Texas Municipal Power Agency Revenue, Refunding
|
5.00 | % |
09/01/17
|
250,000 | 280,327 | ||||||||
|
Texas State Public Finance Authority Revenue
|
5.00 | % |
10/15/21
|
300,000 | 309,390 | ||||||||
| 3,470,116 | |||||||||||||
|
Utah 1.15%
|
|||||||||||||
|
Utah State, Refunding, Series B, GO Unlimited
|
5.38 | % |
07/01/12
|
300,000 | 318,387 | ||||||||
|
Virginia 2.37%
|
|||||||||||||
|
Virginia College Building Authority Educational Facilities Revenue, Prerefunded, Series A
|
5.00 | % |
09/01/15
|
10,000 | 11,500 | ||||||||
|
Virginia College Building Authority Educational Facilities Revenue, Unrefunded, Series A
|
5.00 | % |
09/01/15
|
290,000 | 328,472 | ||||||||
|
Virginia State Public Building Authority & Public Facilities Revenue, Refunding, Series A
|
5.00 | % |
08/01/12
|
300,000 | 317,889 | ||||||||
| 657,861 | |||||||||||||
|
Washington 2.29%
|
|||||||||||||
|
Clark County, Washington School District, GO Unlimited
|
5.13 | % |
12/01/11
|
100,000 | 103,130 | ||||||||
|
Energy Northwest, Washington Electric Revenue
|
5.00 | % |
07/01/14
|
250,000 | 278,817 | ||||||||
|
King County, Washington School District No. 401 Highline Public Schools, GO Unlimited
|
5.50 | % |
12/01/13
|
240,000 | 254,009 | ||||||||
| 635,956 | |||||||||||||
|
Wisconsin 1.07%
|
|||||||||||||
|
Chippewa Valley, Wisconsin, Technical College District Promissory Notes, Series A, GO Unlimited
|
4.00 | % |
04/01/14
|
250,000 | 270,798 | ||||||||
|
Wisconsin State, Refunding, Series 2, GO Unlimited
|
4.13 | % |
11/01/16
|
25,000 | 25,682 | ||||||||
| 296,480 | |||||||||||||
|
Total Investments 96.02%
|
26,686,160 | ||||||||||||
|
(cost $26,168,506)
|
|||||||||||||
|
Other assets and liabilities, net 3.98%
|
1,106,377 | ||||||||||||
|
NET ASSETS 100%
|
$ | 27,792,537 | |||||||||||
|
(1) Represents Yield
|
|||||||||||||
|
See notes to portfolios of investments.
|
|||||||||||||
|
TAX FREE FUND
|
|||||||||||||
|
Portfolio of Investments (unaudited)
|
March 31, 2011
|
||||||||||||
|
MUNICIPAL BONDS 97.01%
|
Coupon
Rate
|
Maturity
Date
|
Principal
Amount
|
Value
|
|||||||||
|
Alabama 7.41%
|
|||||||||||||
|
Alabama 21st Century Authority, Tobacco Settlement Revenue
|
5.75 | % |
12/01/19
|
$ | 275,000 | $ | 279,757 | ||||||
|
Alabama State, GO Unlimited, Series A
|
4.63 | % |
09/01/22
|
375,000 | 387,608 | ||||||||
|
Bessemer, Alabama Water Revenue
|
4.00 | % |
01/01/16
|
200,000 | 198,118 | ||||||||
|
Mountain Brook City Board of Education Capital Outlay
|
4.00 | % |
02/15/15
|
195,000 | 209,945 | ||||||||
|
University of Alabama at Birmingham, Hospital Revenue, Series A
|
5.00 | % |
09/01/15
|
300,000 | 322,911 | ||||||||
| 1,398,339 | |||||||||||||
|
Arizona 2.44%
|
|||||||||||||
|
Scottsdale Arizona Municipal Property Corp., Excise Tax Revenue, Refunding
|
5.00 | % |
07/01/26
|
180,000 | 194,807 | ||||||||
|
University of Arizona Certificates of Participation, Series C
|
5.00 | % |
06/01/22
|
260,000 | 266,744 | ||||||||
| 461,551 | |||||||||||||
|
California 14.01%
|
|||||||||||||
|
Anaheim, California City School District, Capital Appreciation, Election 2002, GO Unlimited (ZCB)
|
4.60 | %(1) |
08/01/28
|
580,000 | 174,458 | ||||||||
|
California State, GO Unlimited
|
5.00 | % |
03/01/32
|
300,000 | 279,180 | ||||||||
|
California State, GO Unlimited
|
4.75 | % |
03/01/34
|
205,000 | 176,099 | ||||||||
|
California State, GO Unlimited
|
5.00 | % |
06/01/37
|
455,000 | 402,766 | ||||||||
|
Campbell, California Union High School District, GO Unlimited
|
4.75 | % |
08/01/34
|
300,000 | 255,207 | ||||||||
|
Chaffey Community College District, Series C, GO Unlimited
|
5.00 | % |
06/01/32
|
300,000 | 286,410 | ||||||||
|
Imperial Community College District, GO Unlimited
|
5.00 | % |
08/01/29
|
500,000 | 501,315 | ||||||||
|
Los Angeles Unified School District, Election 2004, Series H, GO Unlimited
|
5.00 | % |
07/01/32
|
200,000 | 190,918 | ||||||||
|
Santa Clara Valley Transportation Authority, Refunding, Series A
|
5.00 | % |
04/01/27
|
370,000 | 379,617 | ||||||||
| 2,645,970 | |||||||||||||
|
Colorado 0.82%
|
|||||||||||||
|
Colorado Health Facilities Authority Revenue
|
5.00 | % |
09/01/16
|
150,000 | 153,991 | ||||||||
|
District of Columbia 1.69%
|
|||||||||||||
|
District of Columbia Income Tax Revenue, Series A
|
5.25 | % |
12/01/27
|
300,000 | 319,506 | ||||||||
|
Florida 1.60%
|
|||||||||||||
|
Florida Board of Education, GO Unlimited, Refunding, Series C
|
4.50 | % |
06/01/28
|
300,000 | 301,080 | ||||||||
|
Georgia 2.67%
|
|||||||||||||
|
Atlanta Development Authority Revenue
|
5.25 | % |
07/01/22
|
500,000 | 504,255 | ||||||||
|
Guam 1.22%
|
|||||||||||||
|
Guam Education Financing Foundation Certificate of Participation, Series A
|
4.25 | % |
10/01/18
|
250,000 | 230,500 | ||||||||
|
Illinois 9.27%
|
|||||||||||||
|
Chicago Board of Education, GO Unlimited
|
5.25 | % |
12/01/19
|
300,000 | 314,649 | ||||||||
|
Chicago, Illinois Water Revenue, Refunding
|
5.75 | % |
11/01/30
|
225,000 | 236,612 | ||||||||
|
Du Page County, Refunding, GO Unlimited
|
5.60 | % |
01/01/21
|
490,000 | 558,110 | ||||||||
|
Illinois Finance Authority, Refunding, Series A
|
5.00 | % |
10/01/14
|
150,000 | 161,724 | ||||||||
|
Illinois Regional Transportation Authority Revenue, Series A
|
7.20 | % |
11/01/20
|
235,000 | 277,876 | ||||||||
|
State of Illinois, First Series, Refunding, GO Unlimited
|
5.50 | % |
08/01/19
|
200,000 | 201,988 | ||||||||
| 1,750,959 | |||||||||||||
|
Indiana 1.59%
|
|||||||||||||
|
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Series 2007 L
|
5.25 | % |
01/01/33
|
305,000 | 300,696 | ||||||||
|
Kansas 7.34%
|
|||||||||||||
|
Kansas State Development Finance Authority Revenue
|
4.00 | % |
10/01/15
|
250,000 | 273,050 | ||||||||
|
Kansas State Development Finance Authority, Hospital Revenue, Series Z
|
5.00 | % |
12/15/12
|
500,000 | 502,745 | ||||||||
|
University of Kansas Hospital Authority Health Facilities Revenue
|
5.63 | % |
09/01/27
|
570,000 | 609,775 | ||||||||
| 1,385,570 | |||||||||||||
|
Kentucky 1.24%
|
|||||||||||||
|
Bowling Green, Kentucky, GO Unlimited, Series B
|
4.00 | % |
09/01/16
|
215,000 | 234,849 | ||||||||
|
Maryland 1.61%
|
|||||||||||||
|
Maryland Health & Higher Educational Facilities Authority Revenue
|
5.75 | % |
07/01/21
|
300,000 | 303,921 | ||||||||
|
Massachusetts 1.63%
|
|||||||||||||
|
Massachusetts Bay Transportation Authority, Massachusetts Sales Tax Revenue, Refunding, Series A-1
|
5.25 | % |
07/01/30
|
285,000 | 307,703 | ||||||||
|
Michigan 4.77%
|
|||||||||||||
|
Detroit, Michigan Local Development Financing Authority, Refunding, Series A
|
5.38 | % |
05/01/18
|
255,000 | 134,298 | ||||||||
|
Detroit, Michigan Water Supply System Revenue, Series B
|
5.00 | % |
07/01/16
|
430,000 | 463,381 | ||||||||
|
Macomb County Building Authority, GO Limited
|
4.50 | % |
11/01/23
|
300,000 | 303,441 | ||||||||
| 901,120 | |||||||||||||
|
Missouri 3.54%
|
|||||||||||||
|
Kansas City Water Revenue
|
4.00 | % |
12/01/22
|
250,000 | 265,070 | ||||||||
|
St. Louis Airport Development Program, Prerefunded, Series A
|
5.00 | % |
07/01/11
|
165,000 | 166,883 | ||||||||
|
St. Louis Airport Development Program, Unrefunded, Series A
|
5.00 | % |
07/01/11
|
235,000 | 236,490 | ||||||||
| 668,443 | |||||||||||||
|
Nevada 1.35%
|
|||||||||||||
|
Nye County School District, GO Limited
|
4.00 | % |
05/01/15
|
235,000 | 255,499 | ||||||||
|
New Hampshire 2.49%
|
|||||||||||||
|
Manchester, New Hampshire School Facilities Revenue, Refunding
|
5.50 | % |
06/01/26
|
300,000 | 341,568 | ||||||||
|
New Hampshire Health & Education Facilities Authority Revenue
|
5.00 | % |
07/01/14
|
125,000 | 127,956 | ||||||||
| 469,524 | |||||||||||||
|
Ohio 2.10%
|
|||||||||||||
|
Ohio State Mental Health Facilities Revenue
|
5.50 | % |
06/01/15
|
300,000 | 302,436 | ||||||||
|
South Euclid Special Assessment, GO Limited Tax
|
6.70 | % |
12/01/14
|
90,000 | 94,090 | ||||||||
| 396,526 | |||||||||||||
|
Puerto Rico 1.42%
|
|||||||||||||
|
Commonwealth of Puerto Rico, GO Unlimited
|
6.00 | % |
07/01/13
|
250,000 | 267,400 | ||||||||
|
Rhode Island 2.86%
|
|||||||||||||
|
Rhode Island State Health & Educational Building Corporation Revenue
|
6.50 | % |
08/15/32
|
500,000 | 539,355 | ||||||||
|
South Carolina 1.25%
|
|||||||||||||
|
South Carolina Jobs Economic Development Authority Revenue
|
5.00 | % |
11/01/23
|
250,000 | 235,933 | ||||||||
|
Tennessee 1.17%
|
|||||||||||||
|
Memphis, Tennessee Sanitary Sewage System Revenue, Refunding
|
5.00 | % |
05/01/20
|
200,000 | 221,176 | ||||||||
|
Texas 17.10%
|
|||||||||||||
|
Dallas, Texas Waterworks & Sewer Systems Revenue, Refunding
|
4.50 | % |
10/01/19
|
225,000 | 244,350 | ||||||||
|
Duncanville, Texas Independent School District, GO Unlimited, Prerefunded, Series B
|
5.25 | % |
02/15/32
|
495,000 | 515,438 | ||||||||
|
Duncanville, Texas Independent School District, GO Unlimited, Unrefunded, Series B
|
5.25 | % |
02/15/32
|
5,000 | 5,038 | ||||||||
|
Forney, Texas, GO Limited
|
5.00 | % |
02/15/27
|
500,000 | 512,725 | ||||||||
|
Goose Creek, Texas Independent School District Schoolhouse, Series A
|
5.25 | % |
02/15/18
|
370,000 | 424,057 | ||||||||
|
Greenville, Texas Independent School District, GO Unlimited, Refunding
|
4.00 | % |
08/15/17
|
120,000 | 128,914 | ||||||||
|
Laredo Independent School District Public Facility Corp., Lease Revenue, Series F
|
5.50 | % |
08/01/24
|
100,000 | 100,271 | ||||||||
|
North Texas Tollway Authority Revenue, Series F
|
5.75 | % |
01/01/38
|
250,000 | 234,137 | ||||||||
|
Prosper, Texas Independent School District, Capital Appreciation, School Building, GO Unlimited (ZCB)
|
6.00 | %(1) |
08/15/33
|
1,000,000 | 314,840 | ||||||||
|
San Marcos, Texas Tax & Toll Revenue, GO Limited
|
5.10 | % |
08/15/27
|
400,000 | 418,756 | ||||||||
|
White Settlement, Texas Independent School District, GO Unlimited
|
4.13 | % |
08/15/15
|
300,000 | 330,717 | ||||||||
| 3,229,243 | |||||||||||||
|
Utah 3.00%
|
|||||||||||||
|
Utah State Building Ownership Authority, Lease Revenue, Refunding, Series C
|
5.50 | % |
05/15/19
|
500,000 | 565,895 | ||||||||
|
Washington 1.42%
|
|||||||||||||
|
Spokane County, Washington School District, No. 81, GO Unlimited
|
5.05 | % |
06/01/22
|
255,000 | 268,336 | ||||||||
|
Total Investments 97.01%
|
18,317,340 | ||||||||||||
|
(cost $18,205,904)
|
|||||||||||||
|
Other assets and liabilities, net 2.99%
|
563,612 | ||||||||||||
|
NET ASSETS 100%
|
$ | 18,880,952 | |||||||||||
|
(1) Represents Yield
|
|||||||||||||
|
See notes to portfolios of investments.
|
|||||||||||||
|
ALL AMERICAN EQUITY FUND
|
|||||
|
Portfolio of Investments (unaudited)
|
March 31, 2011
|
||||
|
COMMON STOCKS 93.25%
|
Shares
|
Value
|
|||
|
Advertising Agencies 1.04%
|
|||||
|
Omnicom Group, Inc.
|
4,000
|
$ 196,240
|
|||
|
Aerospace/Defense 2.88%
|
|||||
|
Lockheed Martin Corp.
|
2,300
|
184,920
|
|||
|
Northrop Grumman Corp.
|
2,500
|
||||