Fund Facts  

Inception Date: Oct 30, 2007
CUSIP: 92210J465
Morningstar Category:Small Blend

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Long-term capital growth.

Principal Investment Strategies  

The underlying fund invests, under normal circumstances, primarily in a combination of common stocks of U.S. small-capitalization companies, Russell 2000® Index futures contracts, and U.S. and foreign fixed income securities. Its subadvisers select stocks that they believe have above average potential for growth and that generally have market capitalizations that fall within the range of companies in the Russell 2000® Index. The underlying fund’s U.S. and foreign fixed income securities (1) are held, in part, as collateral in conjunction with its use of futures contracts; (2) may include government and agency securities, corporate bonds, mortgage-backed securities, asset-backed securities, and municipal securities; and (3) at all times have a portfolio effective duration no greater than three years. In addition to using Russell 2000® Index futures contracts, the underlying fund’s subadvisers also may use other derivative instruments. The underlying fund also may invest in foreign equity securities (including those of issuers located in emerging market countries), U.S. preferred stock, and U.S. and foreign convertible stock.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include Stock Market Risk, Small-Cap Securities Risk, Preferred Stock Risk, Foreign Securities Risk, Foreign Currency Risk, Convertible Securities Risk, High Yield Securities Risk, Municipal Securities Risk, Derivative Instruments Risk, Interest Rate Risk, Credit Risk, Call Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, U.S. Government Agency Securities Risk, Portfolio Turnover Risk, Multi-Manager Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Discovery   7.93%19.41%19.41%5.23%13.43%N/A6.49%
Russell 2000 Indexa,b8.83%21.31%21.31%6.74%14.46%7.07%N/A
Morningstar Small Blenda,c9.49%20.78%20.78%5.89%13.52%6.79%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Total Expenses
Total Expensesd0.81%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index, and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

d. VantageTrust Funds invest either in collective investment funds or underlying registered funds. Please refer to the underlying fund's disclosure documents for additional information on fund fees and expenses.

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 2 Stars626
3-Year 2 Stars626
5-Year 2 Stars534
10-Year N/A N/A

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Dec 31, 2016
Equity Stylebox Fixed Income Stylebox
Small GrowthMedium Limited
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta0.960.97
Alpha-1.18-0.52
Standard Deviation15.4314.31
 
 

Underlying Fund Characteristics

Top Ten Holdings As of Jan 31, 2017
Holding NamePercent
RUSSELL 2000 MINI EQUITY INDEX MAR17 (RTAH7)49.2%
FIDELITY INSTITUTIONAL MONEY MARKET4.0%
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY3.3%
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/20183.3%
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/20182.3%
UNITED STATES TREASURY NOTE/BOND 1% 09/15/20182.2%
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/20191.5%
UNITED STATES TREASURY NOTE/BOND 1% 11/30/20181.5%
UNITED STATES TREASURY NOTE/BOND 1.25% 12/31/20181.5%
UNITED STATES TREASURY NOTE/BOND 1% 02/15/20181.4%
All Holdings As of Jan 31, 2017
Equity
Holding NameMarket Value
CARDTRONICS PLC$3,846,798
MGIC INVESTMENT CORP$3,596,047
CLEAN HARBORS INC$3,588,464
TELEDYNE TECHNOLOGIES INC$3,500,321
INSULET CORP$3,425,594
STERLING BANCORP/DE$3,419,398
SWIFT TRANSPORTATION CO$3,329,847
WESTERN ALLIANCE BANCORP$3,215,724
AMERIS BANCORP$3,198,447
KATE SPADE & CO$3,120,934
KIRBY CORP$3,017,033
GLOBUS MEDICAL INC$2,936,082
FCB FINANCIAL HOLDINGS INC$2,930,619
LIFEPOINT HEALTH INC$2,916,696
OUTFRONT MEDIA INC$2,908,403
TEXAS CAPITAL BANCSHARES INC$2,884,283
CINEMARK HOLDINGS INC$2,836,195
PS BUSINESS PARKS INC$2,833,716
HORACE MANN EDUCATORS CORP$2,832,971
TIMKEN CO/THE$2,832,720
VONAGE HOLDINGS CORP$2,828,187
CAVIUM INC$2,827,763
CIENA CORP$2,826,312
HUBSPOT INC$2,810,471
LASALLE HOTEL PROPERTIES$2,701,392
NU SKIN ENTERPRISES INC$2,697,137
AIR LEASE CORP$2,684,735
METHANEX CORP$2,672,820
MOLINA HEALTHCARE INC$2,671,512
ASSURED GUARANTY LTD$2,642,417
MKS INSTRUMENTS INC$2,635,012
WABASH NATIONAL CORP$2,633,380
BROADSOFT INC$2,624,160
KEMPER CORP$2,621,549
GENESEE & WYOMING INC$2,615,067
TENNECO INC$2,606,605
WATTS WATER TECHNOLOGIES INC$2,600,070
SANDERSON FARMS INC$2,579,486
DELEK US HOLDINGS INC$2,578,240
HERCULES CAPITAL INC$2,574,387
BLACK HILLS CORP$2,570,805
REDWOOD TRUST INC$2,564,506
MFA FINANCIAL INC$2,562,443
SURGICAL CARE AFFILIATES INC$2,556,512
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$2,554,338
INTEGRATED DEVICE TECHNOLOGY INC$2,552,931
ENTEGRIS INC$2,550,338
GREAT WESTERN BANCORP INC$2,531,399
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,529,875
NATIONAL CINEMEDIA INC$2,529,026
SOUTH STATE CORP$2,524,567
REXFORD INDUSTRIAL REALTY INC$2,522,332
POLYONE CORP$2,513,293
MAXLINEAR INC$2,484,739
MB FINANCIAL INC$2,479,920
JOHN BEAN TECHNOLOGIES CORP$2,469,351
STATE BANK FINANCIAL CORP$2,458,338
ASPEN TECHNOLOGY INC$2,415,496
GATX CORP$2,411,210
SYNERGY RESOURCES CORP$2,410,223
CONNECTONE BANCORP INC$2,402,544
CALLON PETROLEUM CO$2,384,918
CHEESECAKE FACTORY INC/THE$2,373,220
CHICO'S FAS INC$2,361,951
BLOOMIN' BRANDS INC$2,356,971
MASONITE INTERNATIONAL CORP$2,355,642
NEW YORK TIMES CO/THE$2,346,192
ADVANCED DRAINAGE SYSTEMS INC$2,339,869
CALLIDUS SOFTWARE INC$2,312,523
LA-Z-BOY INC$2,312,424
FORUM ENERGY TECHNOLOGIES INC$2,306,645
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,274,562
MINERALS TECHNOLOGIES INC$2,225,926
KENNEDY-WILSON HOLDINGS INC$2,157,884
LINDBLAD EXPEDITIONS HOLDINGS INC$2,121,226
PATTERN ENERGY GROUP INC$2,116,404
LIFE STORAGE INC$2,102,306
TRINET GROUP INC$2,059,830
HAEMONETICS CORP$2,031,545
FIRSTCASH INC$2,021,674
GRAPHIC PACKAGING HOLDING CO$2,013,459
SOLAR CAPITAL LTD$2,009,937
SPIRIT AIRLINES INC$1,937,982
BIO-TECHNE CORP$1,828,448
GREENCORE GROUP PLC$1,776,714
VERIFONE SYSTEMS INC$1,696,715
ACUSHNET HOLDINGS CORP$1,688,291
FIRST SOLAR INC$1,619,073
DSW INC$1,605,028
ARMSTRONG FLOORING INC$1,592,602
KINDRED HEALTHCARE INC$1,517,597
MBIA INC$1,449,961
BLUEBIRD BIO INC$1,400,600
MONOLITHIC POWER SYSTEMS INC$1,390,606
PACIFIC PREMIER BANCORP INC$1,369,498
ULTRAGENYX PHARMACEUTICAL INC$1,300,673
MIMEDX GROUP INC$1,274,216
TELADOC INC$1,250,000
ADURO BIOTECH INC$1,130,360
ZENDESK INC$1,050,527
EHEALTH INC$893,141
SUNPOWER CORP$624,824
BLUEPRINT MEDICINES CORP$405,552
2U INC$268,916
WEX INC$236,434
WISDOMTREE INVESTMENTS INC$150,802
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,037,016
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$11,983,824
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,228,191
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$7,902,945
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$7,891,809
UNITED STATES TREASURY NOTE/BOND 1.25% 12/31/2018$7,508,640
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,007,245
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,544,622
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$4,991,700
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$4,450,539
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$3,981,050
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,212,926
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,938,836
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,668,263
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,516,412
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,485,518
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,424,270
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,341,114
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,339,567
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,280,111
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,210,280
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$2,032,371
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$2,000,959
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,600,391
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,573,324
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,541,326
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,501,040
BANK OF MONTREAL 1.35% 08/28/2018$1,491,537
MORGAN STANLEY 2.21% 01/20/2022$1,442,419
NEWELL BRANDS INC 2.15% 10/15/2018$1,407,804
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$1,344,740
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$1,322,724
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,320,411
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,310,917
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,308,986
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,034
CARDINAL HEALTH INC 1.95% 06/15/2018$1,304,623
HSBC USA INC 1.625% 01/16/2018$1,301,028
MIZUHO BANK LTD 1.497% 03/26/2018$1,300,302
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,294,632
CITIGROUP INC 2.45% 01/10/2020$1,273,310
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,255,231
BB&T CORP 1.546% 02/01/2019$1,252,693
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,247,734
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,235,583
INVITATION HOMES 2014-SFR1 TRUST 1.55% 06/17/2031$1,228,545
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,228,008
WELLS FARGO BANK NA 1.8% 11/28/2018$1,217,748
MORGAN STANLEY 2.026% 01/27/2020$1,216,771
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,214,282
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,211,325
PORSCHE INNOVATIVE LEASE OWNER TRUST 2015-1 1.19% 07/23/2018$1,208,137
WESTPAC BANKING CORP 1.6% 08/19/2019$1,206,901
AETNA INC 1.9% 06/07/2019$1,203,313
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,195,276
PFIZER INC 1.45% 06/03/2019$1,185,075
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,179,829
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,173,855
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$1,169,153
CELGENE CORP 2.125% 08/15/2018$1,165,684
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,153,206
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$1,066,048
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,065,862
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,056,586
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,013,937
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$1,010,327
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,006,299
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,004,711
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$983,106
ABBVIE INC 1.8% 05/14/2018$976,745
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$970,124
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$957,565
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$922,915
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$918,955
MACQUARIE BANK LTD 1.6% 10/27/2017$910,769
AT&T INC 2.3% 03/11/2019$903,437
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$900,934
ASHLAND INC 3.875% 04/15/2018$893,594
TESORO CORP 4.75% 12/15/2023$886,875
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$886,859
CVS HEALTH CORP 1.9% 07/20/2018$853,448
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$844,057
KRAFT HEINZ FOODS CO 2% 07/02/2018$831,682
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$818,258
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$816,302
PACCAR FINANCIAL CORP 1.3% 05/10/2019$812,731
BANK OF AMERICA CORP 1.434% 05/02/2017$805,446
ROYAL BANK OF CANADA 1.625% 04/15/2019$769,828
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$765,963
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$748,809
CISCO SYSTEMS INC 1.4% 09/20/2019$727,932
LENNAR CORP 4.125% 01/15/2022$708,540
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$682,550
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$675,405
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$671,369
REYNOLDS AMERICAN INC 2.3% 06/12/2018$664,208
ABN AMRO BANK NV 2.1% 01/18/2019$659,088
BANK OF NEW YORK MELLON CORP/THE 1.446% 08/01/2018$652,123
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,892
SANTANDER BANK NA 2% 01/12/2018$650,579
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$644,946
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,480
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$638,758
MORGAN STANLEY 6.625% 04/01/2018$638,268
BANK OF AMERICA CORP 1.7% 08/25/2017$635,957
JPMORGAN CHASE & CO 1.782% 01/25/2018$630,602
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$622,200
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$615,901
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$610,883
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$608,818
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$600,448
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$600,000
BANK OF AMERICA CORP 1.936% 03/22/2018$594,855
MORGAN STANLEY 2.45% 02/01/2019$594,642
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$591,660
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$589,593
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$589,592
BANK OF AMERICA NA 2.05% 12/07/2018$567,851
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$558,751
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$546,861
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$541,778
AIRCASTLE LTD 6.75% 04/15/2017$540,625
PNC BANK NA 1.95% 03/04/2019$531,668
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$530,568
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$524,557
MYLAN NV 2.5% 06/07/2019$507,902
HERTZ FLEET LEASE FUNDING LP 1.087% 12/10/2027$489,793
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$486,579
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$480,242
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$478,200
STANDARD CHARTERED PLC 2.1% 08/19/2019$475,548
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$464,053
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$459,888
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$453,546
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,762
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$442,613
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$425,884
WESTERN DIGITAL CORP 10.5% 04/01/2024$424,800
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$422,951
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$414,100
CITIGROUP INC 2.05% 12/07/2018$410,257
NVIDIA CORP 2.2% 09/16/2021$400,328
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,977
CIT GROUP INC 5.25% 03/15/2018$388,031
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$383,648
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$379,349
INVITATION HOMES 2013-SFR1 TRUST 1.7% 12/17/2030$375,719
BMW US CAPITAL LLC 1.5% 04/11/2019$367,276
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$362,787
SEAGATE HDD CAYMAN 3.75% 11/15/2018$361,601
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$359,875
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$351,514
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,514
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$340,729
GLENCORE FUNDING LLC 2.24% 01/15/2019$333,521
NCUA GUARANTEED NOTES TRUST 2010-A1 0.885% 12/07/2020$329,837
SMITHFIELD FOODS INC 2.7% 01/31/2020$321,574
CITIGROUP INC 2.05% 06/07/2019$319,367
ACTAVIS FUNDING SCS 2.1% 03/12/2020$316,239
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$315,342
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,758
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$312,726
CISCO SYSTEMS INC 1.6% 02/28/2019$310,218
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,175
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$308,109
SANTANDER UK PLC 2.5% 03/14/2019$306,717
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$306,717
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$301,264
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$300,144
TENCENT HOLDINGS LTD 2% 05/02/2017$300,131
ACTAVIS FUNDING SCS 1.3% 06/15/2017$299,891
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,212
JPMORGAN CHASE & CO 6.3% 04/23/2019$294,756
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$287,936
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$286,983
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$286,021
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$285,793
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$281,582
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$276,576
TENET HEALTHCARE CORP 6.25% 11/01/2018$274,625
AMERICAN HOMES 4 RENT 2014-SFR1 1.55% 06/17/2031$272,606
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$264,424
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$262,331
EXXON MOBIL CORP 1.708% 03/01/2019$260,650
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$260,223
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$254,688
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,510
CITIGROUP INC 1.85% 11/24/2017$250,702
STRYKER CORP 2% 03/08/2019$250,588
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$250,092
COMPASS BANK 1.85% 09/29/2017$249,597
DISH DBS CORP 4.625% 07/15/2017$248,675
ASTORIA FINANCIAL CORP 5% 06/19/2017$242,272
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,202
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$240,706
AETNA INC 1.7% 06/07/2018$240,053
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$239,100
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$236,313
EBAY INC 2.5% 03/09/2018$232,115
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$231,451
BANK OF AMERICA CORP 2.151% 11/09/2020$221,470
BAXALTA INC 1.646% 06/22/2018$220,290
PACCAR FINANCIAL CORP 1.45% 03/09/2018$220,103
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$219,947
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$201,790
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$201,764
NOVELIS CORP 6.25% 08/15/2024$200,450
TSMC GLOBAL LTD 1.625% 04/03/2018$199,466
ALLY FINANCIAL INC 3.25% 09/29/2017$196,950
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$191,125
TECO FINANCE INC 1.476% 04/10/2018$190,149
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,624
TECH DATA CORP 3.7% 02/15/2022$185,152
APPLE INC 1.7% 02/22/2019$180,497
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,896
CHEVRON CORP 1.79% 11/16/2018$170,738
WHIRLPOOL CORP 1.65% 11/01/2017$170,149
FORTIVE CORP 1.8% 06/15/2019$169,071
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,232
AMPHENOL CORP 1.55% 09/15/2017$160,114
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$154,302
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,326
AUTODESK INC 1.95% 12/15/2017$150,271
PACCAR FINANCIAL CORP 1.1% 06/06/2017$140,035
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$139,983
AES CORP/VA 3.842% 06/01/2019$139,521
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$139,104
SYNCHRONY FINANCIAL 2.111% 02/03/2020$138,517
PACCAR FINANCIAL CORP 1.435% 12/06/2018$131,195
APPLE INC 1.3% 02/23/2018$130,217
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,625
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$122,541
IAC/INTERACTIVECORP 4.875% 11/30/2018$121,860
BAXALTA INC 2% 06/22/2018$120,198
VENTAS REALTY LP 1.25% 04/17/2017$119,968
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$116,563
AT&T INC 5.5% 02/01/2018$114,123
KINDER MORGAN INC/DE 3.05% 12/01/2019$112,058
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,649
KINDER MORGAN INC/DE 2% 12/01/2017$110,277
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,520
GATX CORP 1.25% 03/04/2017$100,000
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$93,170
FREEPORT-MCMORAN INC 2.15% 03/01/2017$80,000
COCA-COLA CO/THE 0.875% 10/27/2017$75,984
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$70,640
SOUTHERN POWER CO 1.85% 12/01/2017$70,213
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,054
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$69,915
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,154
TRANSALTA CORP 1.9% 06/03/2017$46,115
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$20,143
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$19,367
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$18,452
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$20,476,812
 
Other
Holding NameMarket Value
USD$3,279,546
USD$710,313
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY$19,984
US 5YR NOTE (CBT) BOND MAR17 (FVH7) COMDTY$2,089
CURRENCY CONTRACT$811
CURRENCY CONTRACT$-7,046
RUSSELL 2000 MINI EQUITY INDEX MAR17 (RTAH7)$-2,225,352
All Holdings As of Dec 31, 2016
Equity
Holding NameMarket Value
CARDTRONICS PLC$3,846,094
WESTERN ALLIANCE BANCORP$3,746,432
CLEAN HARBORS INC$3,598,162
SWIFT TRANSPORTATION CO$3,553,003
TELEDYNE TECHNOLOGIES INC$3,504,024
MGIC INVESTMENT CORP$3,440,725
STERLING BANCORP/DE$3,354,881
GREAT WESTERN BANCORP INC$3,134,121
INSULET CORP$3,102,797
AMERIS BANCORP$3,092,068
TENNECO INC$3,045,100
METHANEX CORP$2,978,531
FCB FINANCIAL HOLDINGS INC$2,977,434
PS BUSINESS PARKS INC$2,947,024
HORACE MANN EDUCATORS CORP$2,932,314
ASPEN TECHNOLOGY INC$2,847,789
KIRBY CORP$2,840,348
CIENA CORP$2,834,440
KATE SPADE & CO$2,826,787
LIFEPOINT HEALTH INC$2,791,379
CAVIUM INC$2,779,142
FORUM ENERGY TECHNOLOGIES INC$2,776,334
DELEK US HOLDINGS INC$2,770,457
GLOBUS MEDICAL INC$2,763,437
TEXAS CAPITAL BANCSHARES INC$2,740,942
VONAGE HOLDINGS CORP$2,732,451
LASALLE HOTEL PROPERTIES$2,728,253
KEMPER CORP$2,688,301
SANDERSON FARMS INC$2,671,327
OUTFRONT MEDIA INC$2,636,966
MB FINANCIAL INC$2,630,286
ENTEGRIS INC$2,611,932
SOUTH JERSEY INDUSTRIES INC$2,596,893
BROADSOFT INC$2,577,300
REXFORD INDUSTRIAL REALTY INC$2,575,644
HUBSPOT INC$2,574,895
HERCULES CAPITAL INC$2,570,743
WATTS WATER TECHNOLOGIES INC$2,568,554
GATX CORP$2,568,009
ASSURED GUARANTY LTD$2,564,998
CINEMARK HOLDINGS INC$2,559,916
MOLINA HEALTHCARE INC$2,555,646
NATIONAL CINEMEDIA INC$2,541,102
AIR LEASE CORP$2,533,451
CONNECTONE BANCORP INC$2,524,131
REDWOOD TRUST INC$2,516,525
LA-Z-BOY INC$2,510,517
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$2,486,115
NU SKIN ENTERPRISES INC$2,483,987
BLOOMIN' BRANDS INC$2,483,705
MFA FINANCIAL INC$2,478,003
SOUTH STATE CORP$2,468,089
JOHN BEAN TECHNOLOGIES CORP$2,457,912
GENESEE & WYOMING INC$2,408,596
CALLON PETROLEUM CO$2,398,965
INTEGRATED DEVICE TECHNOLOGY INC$2,387,735
MKS INSTRUMENTS INC$2,375,109
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,362,907
POLYONE CORP$2,360,771
CHEESECAKE FACTORY INC/THE$2,358,254
MASONITE INTERNATIONAL CORP$2,327,346
NEW YORK TIMES CO/THE$2,311,434
CHICO'S FAS INC$2,248,999
CURTISS-WRIGHT CORP$2,247,034
LINDBLAD EXPEDITIONS HOLDINGS INC$2,229,765
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,205,809
LIFE STORAGE INC$2,200,646
ARMSTRONG WORLD INDUSTRIES INC$2,179,076
KENNEDY-WILSON HOLDINGS INC$2,163,160
MINERALS TECHNOLOGIES INC$2,145,387
TIMKEN CO/THE$2,139,830
MAXLINEAR INC$2,117,565
CALLIDUS SOFTWARE INC$2,105,712
SURGICAL CARE AFFILIATES INC$2,093,625
HILLTOP HOLDINGS INC$2,078,103
TRINET GROUP INC$2,075,220
SPIRIT AIRLINES INC$2,074,975
STATE BANK FINANCIAL CORP$2,062,230
HAEMONETICS CORP$2,048,873
PATTERN ENERGY GROUP INC$2,035,994
GRAPHIC PACKAGING HOLDING CO$2,008,631
ADVANCED DRAINAGE SYSTEMS INC$2,000,054
SOLAR CAPITAL LTD$1,972,050
BIO-TECHNE CORP$1,847,855
SYNERGY RESOURCES CORP$1,810,806
GREENCORE GROUP PLC$1,810,027
ACUSHNET HOLDINGS CORP$1,793,866
WEX INC$1,793,189
KINDRED HEALTHCARE INC$1,791,449
DSW INC$1,718,048
FIRST SOLAR INC$1,665,792
VERIFONE SYSTEMS INC$1,655,627
FIRSTCASH INC$1,521,061
MBIA INC$1,521,037
ARMSTRONG FLOORING INC$1,507,784
MIMEDX GROUP INC$1,397,222
TESARO INC$1,380,034
MONOLITHIC POWER SYSTEMS INC$1,305,964
WELLCARE HEALTH PLANS INC$1,269,635
ULTRAGENYX PHARMACEUTICAL INC$1,219,175
ADURO BIOTECH INC$889,200
WISDOMTREE INVESTMENTS INC$876,796
EHEALTH INC$775,853
SUNPOWER CORP$622,001
PTC THERAPEUTICS INC$88,971
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,020,950
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$11,979,144
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,222,254
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/2018$9,746,763
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$7,890,574
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$7,859,191
UNITED STATES TREASURY NOTE/BOND 0.75% 04/15/2018$7,478,318
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,003,689
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,546,144
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$4,988,670
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$4,450,097
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$3,980,970
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,211,171
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,939,859
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,668,004
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,514,386
CHASE ISSUANCE TRUST 1.15% 01/15/2019$2,500,029
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,485,245
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,423,731
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,394,158
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,339,572
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,275,774
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,211,506
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,599,658
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,573,572
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,537,117
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,497,824
BANK OF MONTREAL 1.35% 08/28/2018$1,493,253
CITIGROUP INC 1.55% 08/14/2017$1,416,201
NEWELL BRANDS INC 2.15% 10/15/2018$1,407,568
PORSCHE INNOVATIVE LEASE OWNER TRUST 2015-1 1.19% 07/23/2018$1,332,714
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,320,599
AMGEN INC 1.25% 05/22/2017$1,320,259
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,313,174
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,308,243
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,429
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,289
MIZUHO BANK LTD 1.497% 03/26/2018$1,300,397
HSBC USA INC 1.625% 01/16/2018$1,297,925
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,295,176
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,254,659
BB&T CORP 1.546% 02/01/2019$1,250,695
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,245,434
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,235,886
INVITATION HOMES 2014-SFR1 TRUST 1.55% 06/17/2031$1,229,358
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,227,980
WELLS FARGO BANK NA 1.8% 11/28/2018$1,214,815
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,214,756
MORGAN STANLEY 2.026% 01/27/2020$1,211,154
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,210,074
WESTPAC BANKING CORP 1.6% 08/19/2019$1,205,931
AETNA INC 1.9% 06/07/2019$1,197,954
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,195,568
PFIZER INC 1.45% 06/03/2019$1,183,171
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,178,861
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,174,150
CELGENE CORP 2.125% 08/15/2018$1,165,118
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,150,292
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,116,910
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,065,999
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$1,064,195
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,014,548
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$1,010,775
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,006,642
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,005,231
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$979,839
ABBVIE INC 1.8% 05/14/2018$976,058
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$969,423
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$954,545
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$921,404
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$918,287
MACQUARIE BANK LTD 1.6% 10/27/2017$910,051
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$907,078
AT&T INC 2.3% 03/11/2019$903,929
ASHLAND INC 3.875% 04/15/2018$901,250
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$899,321
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$887,381
TESORO CORP 4.75% 12/15/2023$867,525
CVS HEALTH CORP 1.9% 07/20/2018$853,590
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$843,934
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$830,548
KRAFT HEINZ FOODS CO 2% 07/02/2018$830,491
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$818,061
PACCAR FINANCIAL CORP 1.3% 05/10/2019$810,563
BANK OF AMERICA CORP 1.434% 05/02/2017$805,453
ROYAL BANK OF CANADA 1.625% 04/15/2019$770,977
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$750,029
CISCO SYSTEMS INC 1.4% 09/20/2019$727,273
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$706,838
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$682,972
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$674,711
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$672,874
REYNOLDS AMERICAN INC 2.3% 06/12/2018$664,417
BANK OF NEW YORK MELLON CORP/THE 1.446% 08/01/2018$652,240
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,779
SANTANDER BANK NA 2% 01/12/2018$649,891
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$645,025
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,212
MORGAN STANLEY 6.625% 04/01/2018$639,996
BANK OF AMERICA CORP 1.7% 08/25/2017$635,949
JPMORGAN CHASE & CO 1.782% 01/25/2018$631,196
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$621,438
HERTZ FLEET LEASE FUNDING LP 1.087% 12/10/2027$617,093
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$613,101
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$610,769
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$606,060
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$601,193
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$600,708
MORGAN STANLEY 2.45% 02/01/2019$594,350
BANK OF AMERICA CORP 1.936% 03/22/2018$594,078
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$592,368
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$589,880
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$588,661
BANK OF AMERICA NA 2.05% 12/07/2018$568,187
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$558,833
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$541,856
FIFTH THIRD BANCORP 5.45% 01/15/2017$541,079
AIRCASTLE LTD 6.75% 04/15/2017$540,728
CATERPILLAR FINANCIAL SERVICES CORP 1.25% 08/18/2017$540,220
PNC BANK NA 1.95% 03/04/2019$530,720
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$527,082
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$525,727
MYLAN NV 2.5% 06/07/2019$507,536
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$483,853
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$479,729
STANDARD CHARTERED PLC 2.1% 08/19/2019$474,816
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$462,368
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$460,261
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$453,699
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$452,688
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,805
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$444,244
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$440,455
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$433,426
WESTERN DIGITAL CORP 10.5% 04/01/2024$426,600
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$423,391
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$410,246
CITIGROUP INC 2.05% 12/07/2018$410,146
NVIDIA CORP 2.2% 09/16/2021$400,645
CIT GROUP INC 5.25% 03/15/2018$389,531
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,346
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$379,684
INVITATION HOMES 2013-SFR1 TRUST 1.7% 12/17/2030$376,449
BMW US CAPITAL LLC 1.5% 04/11/2019$366,611
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$362,183
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$359,612
SEAGATE HDD CAYMAN 3.75% 11/15/2018$358,838
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$355,215
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,141
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$350,908
NCUA GUARANTEED NOTES TRUST 2010-A1 0.885% 12/07/2020$349,519
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$340,457
GLENCORE FUNDING LLC 2.24% 01/15/2019$332,388
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$320,321
CITIGROUP INC 2.05% 06/07/2019$318,979
ACTAVIS FUNDING SCS 2.1% 03/12/2020$316,081
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$314,928
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$313,023
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,187
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,047
CISCO SYSTEMS INC 1.6% 02/28/2019$309,391
SANTANDER UK PLC 2.5% 03/14/2019$306,879
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$301,397
TENCENT HOLDINGS LTD 2% 05/02/2017$300,160
SANTANDER UK PLC 1.362% 03/13/2017$300,014
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$299,875
ACTAVIS FUNDING SCS 1.3% 06/15/2017$299,870
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,287
JPMORGAN CHASE & CO 6.3% 04/23/2019$295,135
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$290,869
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$287,814
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$287,688
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$286,378
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$281,660
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$277,736
TENET HEALTHCARE CORP 6.25% 11/01/2018$275,600
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$275,380
AMERICAN HOMES 4 RENT 2014-SFR1 1.55% 06/17/2031$271,714
EXXON MOBIL CORP 1.708% 03/01/2019$260,644
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$260,248
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$258,506
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$253,975
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,393
CITIGROUP INC 1.85% 11/24/2017$250,528
STRYKER CORP 2% 03/08/2019$250,255
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$250,049
COMPASS BANK 1.85% 09/29/2017$249,478
DISH DBS CORP 4.625% 07/15/2017$248,369
ASTORIA FINANCIAL CORP 5% 06/19/2017$243,028
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$242,603
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,138
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$240,804
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$240,191
AETNA INC 1.7% 06/07/2018$239,861
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$238,524
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$237,300
EBAY INC 2.5% 03/09/2018$232,086
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$231,415
BANK OF AMERICA CORP 2.151% 11/09/2020$222,279
BAXALTA INC 1.646% 06/22/2018$220,102
PACCAR FINANCIAL CORP 1.45% 03/09/2018$219,956
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$202,500
NOVELIS CORP 6.25% 08/15/2024$201,875
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$201,248
TSMC GLOBAL LTD 1.625% 04/03/2018$199,296
ALLY FINANCIAL INC 3.25% 09/29/2017$196,584
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$190,963
TECO FINANCE INC 1.476% 04/10/2018$189,855
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,481
APPLE INC 1.7% 02/22/2019$180,397
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$172,030
CHEVRON CORP 1.79% 11/16/2018$170,693
WHIRLPOOL CORP 1.65% 11/01/2017$170,278
FORTIVE CORP 1.8% 06/15/2019$169,043
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,082
AMPHENOL CORP 1.55% 09/15/2017$160,189
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$159,949
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$159,596
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,505
AUTODESK INC 1.95% 12/15/2017$150,293
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$145,608
PACCAR FINANCIAL CORP 1.1% 06/06/2017$139,979
AES CORP/VA 3.842% 06/01/2019$139,348
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$139,124
SYNCHRONY FINANCIAL 2.111% 02/03/2020$138,477
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$134,514
PACCAR FINANCIAL CORP 1.435% 12/06/2018$130,869
APPLE INC 1.3% 02/23/2018$130,118
IAC/INTERACTIVECORP 4.875% 11/30/2018$128,111
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$127,716
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$120,325
BAXALTA INC 2% 06/22/2018$120,049
VENTAS REALTY LP 1.25% 04/17/2017$119,953
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$116,190
AT&T INC 5.5% 02/01/2018$114,319
KINDER MORGAN INC/DE 3.05% 12/01/2019$111,654
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,329
KINDER MORGAN INC/DE 2% 12/01/2017$110,192
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,474
WM WRIGLEY JR CO 2% 10/20/2017$100,523
GATX CORP 1.25% 03/04/2017$99,977
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$97,708
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$81,738
FREEPORT-MCMORAN INC 2.15% 03/01/2017$79,600
COCA-COLA CO/THE 0.875% 10/27/2017$75,865
PORSCHE INNOVATIVE LEASE OWNER TRUST 2014-1 1.03% 11/20/2017$73,850
SOUTHERN POWER CO 1.85% 12/01/2017$70,201
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$70,126
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,035
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$56,614
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,209
TRANSALTA CORP 1.9% 06/03/2017$45,943
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.742% 05/25/2028$43,269
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$37,733
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$26,905
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$12,449,128
 
Other
Holding NameMarket Value
USD$1,640,577
USD$522,325
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY$10,829
RUSSELL 2000 MINI EQUITY INDEX MAR17 (RTAH7)$-2,710,772
All Holdings As of Nov 30, 2016
Equity
Holding NameMarket Value
STERLING BANCORP/DE$3,838,699
SWIFT TRANSPORTATION CO$3,744,401
ASSURED GUARANTY LTD$3,713,175
WESTERN REFINING INC$3,709,101
WESTERN ALLIANCE BANCORP$3,694,431
TELEDYNE TECHNOLOGIES INC$3,657,317
CARDTRONICS PLC$3,584,695
CLEAN HARBORS INC$3,513,204
GREAT WESTERN BANCORP INC$3,429,880
TEXAS CAPITAL BANCSHARES INC$3,355,303
AMERIS BANCORP$3,270,148
JOHN BEAN TECHNOLOGIES CORP$3,241,157
CHICO'S FAS INC$3,196,743
MGIC INVESTMENT CORP$3,148,678
CHEESECAKE FACTORY INC/THE$3,083,230
METHANEX CORP$3,076,260
SOUTH STATE CORP$2,999,330
ENTEGRIS INC$2,960,476
TENNECO INC$2,954,338
PS BUSINESS PARKS INC$2,905,315
GATX CORP$2,881,987
INSULET CORP$2,848,876
FCB FINANCIAL HOLDINGS INC$2,839,744
CALLON PETROLEUM CO$2,830,691
ASPEN TECHNOLOGY INC$2,828,835
HORACE MANN EDUCATORS CORP$2,828,126
FORUM ENERGY TECHNOLOGIES INC$2,821,976
HUBSPOT INC$2,813,808
MINERALS TECHNOLOGIES INC$2,804,139
KIRBY CORP$2,786,280
LIFEPOINT HEALTH INC$2,776,404
WATTS WATER TECHNOLOGIES INC$2,766,355
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$2,751,559
OUTFRONT MEDIA INC$2,748,193
CINEMARK HOLDINGS INC$2,733,462
GENESEE & WYOMING INC$2,725,723
AIR LEASE CORP$2,720,770
VONAGE HOLDINGS CORP$2,702,664
CADENCE DESIGN SYSTEMS INC$2,661,612
BLOOMIN' BRANDS INC$2,634,281
SOUTH JERSEY INDUSTRIES INC$2,615,250
MFA FINANCIAL INC$2,611,137
CAVIUM INC$2,609,750
REDWOOD TRUST INC$2,588,998
LASALLE HOTEL PROPERTIES$2,584,040
CIENA CORP$2,560,787
HERCULES CAPITAL INC$2,558,750
KEMPER CORP$2,554,911
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,543,209
REXFORD INDUSTRIAL REALTY INC$2,522,479
HILLTOP HOLDINGS INC$2,507,988
POLYONE CORP$2,497,609
GLOBUS MEDICAL INC$2,478,126
NATIONAL CINEMEDIA INC$2,476,306
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,438,878
INTEGRATED DEVICE TECHNOLOGY INC$2,438,210
MKS INSTRUMENTS INC$2,365,823
WELLCARE HEALTH PLANS INC$2,361,266
CURTISS-WRIGHT CORP$2,360,913
MASONITE INTERNATIONAL CORP$2,356,452
CONNECTONE BANCORP INC$2,350,118
NEW YORK TIMES CO/THE$2,322,840
LINDBLAD EXPEDITIONS HOLDINGS INC$2,319,160
KENNEDY-WILSON HOLDINGS INC$2,316,219
KATE SPADE & CO$2,311,640
ARMSTRONG WORLD INDUSTRIES INC$2,234,995
LA-Z-BOY INC$2,223,674
GREENCORE GROUP PLC$2,171,326
PATTERN ENERGY GROUP INC$2,163,795
LIFE STORAGE INC$2,155,601
GRAPHIC PACKAGING HOLDING CO$2,080,008
HAEMONETICS CORP$2,076,612
ADVANCED DRAINAGE SYSTEMS INC$2,026,346
NU SKIN ENTERPRISES INC$1,973,604
SOLAR CAPITAL LTD$1,972,006
CALLIDUS SOFTWARE INC$1,967,838
SURGICAL CARE AFFILIATES INC$1,956,208
STATE BANK FINANCIAL CORP$1,948,930
BIO-TECHNE CORP$1,946,526
DSW INC$1,864,352
SPIRIT AIRLINES INC$1,834,800
WEX INC$1,825,625
ACUSHNET HOLDINGS CORP$1,816,619
SANDERSON FARMS INC$1,811,399
BROADSOFT INC$1,782,840
VERIFONE SYSTEMS INC$1,577,188
FIRST SOLAR INC$1,573,911
KINDRED HEALTHCARE INC$1,517,597
MIMEDX GROUP INC$1,494,996
ARMSTRONG FLOORING INC$1,418,423
TESARO INC$1,392,451
ULTRAGENYX PHARMACEUTICAL INC$1,357,549
MAXLINEAR INC$1,350,423
MONOLITHIC POWER SYSTEMS INC$1,307,718
PAPA JOHN'S INTERNATIONAL INC$1,277,686
FIRSTCASH INC$1,145,802
CONVERGYS CORP$1,027,815
ADURO BIOTECH INC$889,200
WISDOMTREE INVESTMENTS INC$870,499
TRINET GROUP INC$764,469
EHEALTH INC$740,156
SUNPOWER CORP$636,116
PTC THERAPEUTICS INC$340,884
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,017,610
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$11,974,224
UNITED STATES TREASURY NOTE/BOND 0.75% 04/15/2018$11,959,452
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,224,672
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/2018$10,743,066
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,003,689
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,551,373
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$4,986,815
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$4,450,625
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$3,984,620
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,210,917
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,672,511
UNITED STATES TREASURY NOTE/BOND 0.625% 08/31/2017$2,597,156
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,513,233
CHASE ISSUANCE TRUST 1.15% 01/15/2019$2,500,277
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,488,330
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,423,640
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,404,854
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,339,768
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,286,704
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,212,256
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,600,031
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,573,944
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,536,246
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,500,515
BANK OF MONTREAL 1.35% 08/28/2018$1,490,778
CITIGROUP INC 1.55% 08/14/2017$1,415,599
NEWELL BRANDS INC 2.15% 10/15/2018$1,409,071
PORSCHE INNOVATIVE LEASE OWNER TRUST 2015-1 1.19% 07/23/2018$1,400,409
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,392,018
AMGEN INC 1.25% 05/22/2017$1,320,964
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,320,834
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,316,015
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,309,233
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,441
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,944
MIZUHO BANK LTD 1.497% 03/26/2018$1,300,365
HSBC USA INC 1.625% 01/16/2018$1,299,041
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,294,760
AT&T INC 2.4% 03/15/2017$1,284,360
BB&T CORP 1.546% 02/01/2019$1,249,823
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,248,141
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,246,548
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,233,186
INVITATION HOMES 2014-SFR1 TRUST 1.55% 06/17/2031$1,232,666
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,228,270
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,215,154
MORGAN STANLEY 2.026% 01/27/2020$1,213,534
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,210,394
WESTPAC BANKING CORP 1.6% 08/19/2019$1,206,823
AETNA INC 1.9% 06/07/2019$1,195,237
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,193,484
PFIZER INC 1.45% 06/03/2019$1,181,935
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,179,976
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,176,190
CELGENE CORP 2.125% 08/15/2018$1,165,689
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,160,258
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,153,189
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,066,689
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$1,065,433
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,016,040
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,013,982
SUNTRUST BANK/ATLANTA GA 1.346% 02/15/2017$1,010,245
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,007,250
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,005,922
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$981,573
ABBVIE INC 1.8% 05/14/2018$974,735
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$969,756
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$959,315
VERIZON COMMUNICATIONS INC 1.35% 06/09/2017$946,744
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$920,745
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$919,230
MACQUARIE BANK LTD 1.6% 10/27/2017$910,272
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$908,648
AT&T INC 2.3% 03/11/2019$902,572
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$900,390
ASHLAND INC 3.875% 04/15/2018$895,781
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$885,975
CVS HEALTH CORP 1.9% 07/20/2018$852,187
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$843,944
KRAFT HEINZ FOODS CO 2% 07/02/2018$831,987
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$830,537
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$819,282
PACCAR FINANCIAL CORP 1.3% 05/10/2019$812,111
BANK OF AMERICA CORP 1.434% 05/02/2017$805,766
ROYAL BANK OF CANADA 1.625% 04/15/2019$768,746
HERTZ FLEET LEASE FUNDING LP 1.087% 12/10/2027$757,448
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$750,978
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 10/25/2023$749,295
CISCO SYSTEMS INC 1.4% 09/20/2019$726,812
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$725,050
RYDER SYSTEM INC 2.5% 03/01/2017$724,545
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$713,963
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$683,400
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$673,645
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$670,186
REYNOLDS AMERICAN INC 2.3% 06/12/2018$665,395
BANK OF NEW YORK MELLON CORP/THE 1.446% 08/01/2018$652,692
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$651,292
SANTANDER BANK NA 2% 01/12/2018$648,336
MORGAN STANLEY 6.625% 04/01/2018$642,229
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,464
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,433
BANK OF AMERICA CORP 1.7% 08/25/2017$636,138
JPMORGAN CHASE & CO 1.782% 01/25/2018$631,360
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$618,388
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$615,251
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$611,440
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$607,473
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$602,861
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$601,312
MORGAN STANLEY 2.45% 02/01/2019$594,852
BANK OF AMERICA CORP 1.936% 03/22/2018$594,736
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$592,424
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$592,279
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$589,162
BANK OF AMERICA NA 2.05% 12/07/2018$568,002
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$555,121
AIRCASTLE LTD 6.75% 04/15/2017$543,623
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$543,526
FIFTH THIRD BANCORP 5.45% 01/15/2017$542,309
CATERPILLAR FINANCIAL SERVICES CORP 1.25% 08/18/2017$540,357
DOMINION RESOURCES INC/VA 1.25% 03/15/2017$540,147
PNC BANK NA 1.95% 03/04/2019$531,541
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$529,685
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$527,104
ABBVIE INC 1.75% 11/06/2017$521,340
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$513,526
MYLAN NV 2.5% 06/07/2019$507,978
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$484,759
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$479,944
STANDARD CHARTERED PLC 2.1% 08/19/2019$474,812
ANTHEM INC 2.375% 02/15/2017$466,003
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$462,969
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$461,670
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$453,465
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,706
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$444,570
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$434,957
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$423,899
WESTERN DIGITAL CORP 10.5% 04/01/2024$417,600
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$410,624
CITIGROUP INC 2.05% 12/07/2018$410,367
NVIDIA CORP 2.2% 09/16/2021$401,049
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$399,921
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,400
CIT GROUP INC 5.25% 03/15/2018$388,770
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$380,769
INVITATION HOMES 2013-SFR1 TRUST 1.7% 12/17/2030$377,034
BMW US CAPITAL LLC 1.5% 04/11/2019$366,801
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$363,147
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$363,120
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$360,491
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$359,694
SEAGATE HDD CAYMAN 3.75% 11/15/2018$357,656
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,306
NCUA GUARANTEED NOTES TRUST 2010-A1 0.885% 12/07/2020$350,681
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$340,745
GLENCORE FUNDING LLC 2.24% 01/15/2019$328,350
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$320,388
CITIGROUP INC 2.05% 06/07/2019$319,495
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$314,913
ACTAVIS FUNDING SCS 2.1% 03/12/2020$314,649
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$313,153
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,283
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,662
CISCO SYSTEMS INC 1.6% 02/28/2019$309,806
SANTANDER UK PLC 2.5% 03/14/2019$306,626
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$302,163
TENCENT HOLDINGS LTD 2% 05/02/2017$300,313
ACTAVIS FUNDING SCS 1.3% 06/15/2017$300,304
SANTANDER UK PLC 1.362% 03/13/2017$300,094
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$300,026
CAMERON INTERNATIONAL CORP 1.15% 12/15/2016$299,999
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$299,906
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,991
JPMORGAN CHASE & CO 6.3% 04/23/2019$296,412
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$289,077
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$287,906
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$287,399
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$285,026
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$282,120
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$278,872
AMERICAN HOMES 4 RENT 2014-SFR1 1.55% 06/17/2031$273,331
TENET HEALTHCARE CORP 6.25% 11/01/2018$272,350
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$260,271
EXXON MOBIL CORP 1.708% 03/01/2019$259,739
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,777
CITIGROUP INC 1.85% 11/24/2017$250,770
STRYKER CORP 2% 03/08/2019$250,652
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$250,135
COMPASS BANK 1.85% 09/29/2017$249,476
DISH DBS CORP 4.625% 07/15/2017$248,063
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$248,051
PORSCHE INNOVATIVE LEASE OWNER TRUST 2014-1 1.03% 11/20/2017$248,011
ASTORIA FINANCIAL CORP 5% 06/19/2017$243,595
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,313
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$240,910
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$240,907
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$240,718
AETNA INC 1.7% 06/07/2018$240,118
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$238,200
EBAY INC 2.5% 03/09/2018$231,880
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$231,610
BANK OF AMERICA CORP 2.151% 11/09/2020$222,424
BAXALTA INC 1.646% 06/22/2018$220,135
PACCAR FINANCIAL CORP 1.45% 03/09/2018$219,979
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$202,500
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$202,177
DUKE ENERGY CORP 1.226% 04/03/2017$200,236
TSMC GLOBAL LTD 1.625% 04/03/2018$199,419
ALLY FINANCIAL INC 3.25% 09/29/2017$197,316
NOVELIS CORP 6.25% 08/15/2024$197,125
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$190,759
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,729
TECO FINANCE INC 1.476% 04/10/2018$189,648
APPLE INC 1.7% 02/22/2019$180,512
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,908
CHEVRON CORP 1.79% 11/16/2018$170,723
WHIRLPOOL CORP 1.65% 11/01/2017$170,278
FORTIVE CORP 1.8% 06/15/2019$168,690
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$163,122
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,250
AMPHENOL CORP 1.55% 09/15/2017$160,249
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$159,835
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,509
AUTODESK INC 1.95% 12/15/2017$150,401
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$150,182
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$148,532
PACCAR FINANCIAL CORP 1.1% 06/06/2017$139,966
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$139,578
SYNCHRONY FINANCIAL 2.111% 02/03/2020$138,397
AES CORP/VA 3.842% 06/01/2019$138,305
PACCAR FINANCIAL CORP 1.435% 12/06/2018$130,909
APPLE INC 1.3% 02/23/2018$130,044
IAC/INTERACTIVECORP 4.875% 11/30/2018$127,953
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,435
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$120,418
BAXALTA INC 2% 06/22/2018$120,041
VENTAS REALTY LP 1.25% 04/17/2017$119,961
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$115,958
AT&T INC 5.5% 02/01/2018$114,541
KINDER MORGAN INC/DE 3.05% 12/01/2019$111,170
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,420
KINDER MORGAN INC/DE 2% 12/01/2017$110,202
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,480
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$102,576
WM WRIGLEY JR CO 2% 10/20/2017$100,572
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$100,023
GATX CORP 1.25% 03/04/2017$100,009
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.742% 05/25/2028$98,162
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$93,367
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$92,909
FREEPORT-MCMORAN INC 2.15% 03/01/2017$79,900
COCA-COLA CO/THE 0.875% 10/27/2017$75,897
SOUTHERN POWER CO 1.85% 12/01/2017$70,304
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,065
JOHNSON CONTROLS INC 1.4% 11/02/2017$69,971
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$57,542
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,187
TRANSALTA CORP 1.9% 06/03/2017$45,928
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$34,589
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$18,839,618
 
Other
Holding NameMarket Value
RUSSELL 2000 MINI EQUITY INDEX DEC16 (RTAZ6)$18,483,718
USD$414,669
USD$-20,081,468
All Holdings As of Oct 31, 2016
Equity
Holding NameMarket Value
CARDTRONICS PLC$3,528,000
SWIFT TRANSPORTATION CO$3,267,928
CEPHEID INC$3,185,109
TELEDYNE TECHNOLOGIES INC$3,071,034
CLEAN HARBORS INC$3,063,024
INSULET CORP$3,060,173
ASSURED GUARANTY LTD$3,022,178
STERLING BANCORP/DE$2,957,490
LIFEPOINT HEALTH INC$2,944,620
WESTERN REFINING INC$2,904,907
WESTERN ALLIANCE BANCORP$2,876,720
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,847,670
JOHN BEAN TECHNOLOGIES CORP$2,793,952
PS BUSINESS PARKS INC$2,779,883
MGIC INVESTMENT CORP$2,758,406
VONAGE HOLDINGS CORP$2,739,541
CHEESECAKE FACTORY INC/THE$2,698,861
GREAT WESTERN BANCORP INC$2,691,911
TENNECO INC$2,687,416
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,667,661
TEXAS CAPITAL BANCSHARES INC$2,663,163
CINEMARK HOLDINGS INC$2,659,038
AMERIS BANCORP$2,577,264
ASPEN TECHNOLOGY INC$2,567,374
HUBSPOT INC$2,561,658
ENTEGRIS INC$2,553,540
CADENCE DESIGN SYSTEMS INC$2,522,700
SOUTH STATE CORP$2,521,773
KIRBY CORP$2,520,702
HERCULES CAPITAL INC$2,500,704
METHANEX CORP$2,474,708
GLOBUS MEDICAL INC$2,467,716
HORACE MANN EDUCATORS CORP$2,465,811
CAVIUM INC$2,464,607
GREENCORE GROUP PLC$2,428,856
MINERALS TECHNOLOGIES INC$2,406,432
PATTERN ENERGY GROUP INC$2,398,937
BLOOMIN' BRANDS INC$2,385,843
MFA FINANCIAL INC$2,376,773
CHICO'S FAS INC$2,372,744
WELLCARE HEALTH PLANS INC$2,368,954
WATTS WATER TECHNOLOGIES INC$2,366,400
GENESEE & WYOMING INC$2,360,236
REXFORD INDUSTRIAL REALTY INC$2,341,725
FCB FINANCIAL HOLDINGS INC$2,330,877
REDWOOD TRUST INC$2,328,898
ARGO GROUP INTERNATIONAL HOLDINGS LTD$2,326,082
SOUTH JERSEY INDUSTRIES INC$2,288,091
OUTFRONT MEDIA INC$2,283,287
FORUM ENERGY TECHNOLOGIES INC$2,274,120
NU SKIN ENTERPRISES INC$2,270,570
CIENA CORP$2,252,925
GATX CORP$2,248,027
KINDRED HEALTHCARE INC$2,247,869
AIR LEASE CORP$2,235,609
DSW INC$2,207,851
KATE SPADE & CO$2,200,615
NATIONAL CINEMEDIA INC$2,180,225
KENNEDY-WILSON HOLDINGS INC$2,176,184
HILLTOP HOLDINGS INC$2,147,418
FIRST SOLAR INC$2,101,836
LIFE STORAGE INC$2,083,996
CURTISS-WRIGHT CORP$2,049,609
CALLON PETROLEUM CO$2,029,791
MKS INSTRUMENTS INC$2,019,514
MASONITE INTERNATIONAL CORP$2,014,829
GRAPHIC PACKAGING HOLDING CO$2,014,125
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$1,976,953
CALLIDUS SOFTWARE INC$1,973,281
SANDERSON FARMS INC$1,967,863
ARMSTRONG WORLD INDUSTRIES INC$1,957,125
SURGICAL CARE AFFILIATES INC$1,938,387
SOLAR CAPITAL LTD$1,907,919
NEW YORK TIMES CO/THE$1,896,491
LA-Z-BOY INC$1,894,136
INTEGRATED DEVICE TECHNOLOGY INC$1,888,752
BIO-TECHNE CORP$1,870,780
ADVANCED DRAINAGE SYSTEMS INC$1,856,520
CONVERGYS CORP$1,840,476
POLYONE CORP$1,814,598
WEX INC$1,802,332
CONNECTONE BANCORP INC$1,786,923
BROADSOFT INC$1,784,988
LASALLE HOTEL PROPERTIES$1,627,113
KEMPER CORP$1,606,802
ACUSHNET HOLDINGS CORP$1,584,536
LINDBLAD EXPEDITIONS HOLDINGS INC$1,540,457
SPIRIT AIRLINES INC$1,471,451
VERIFONE SYSTEMS INC$1,445,522
MIMEDX GROUP INC$1,405,107
PATTERSON-UTI ENERGY INC$1,325,196
MONOLITHIC POWER SYSTEMS INC$1,256,231
TESARO INC$1,240,471
ARMSTRONG FLOORING INC$1,226,069
HAEMONETICS CORP$1,152,645
PAPA JOHN'S INTERNATIONAL INC$1,091,007
ULTRAGENYX PHARMACEUTICAL INC$1,022,887
INTERSIL CORP$958,272
ADURO BIOTECH INC$838,500
SUNPOWER CORP$681,284
WISDOMTREE INVESTMENTS INC$675,306
EHEALTH INC$570,416
HSN INC$453,908
PTC THERAPEUTICS INC$190,026
BLACKLINE INC$56,875
QUANTENNA COMMUNICATIONS INC$53,928
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,074,475
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,271,233
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,022,694
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$7,007,658
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,584,583
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$5,185,191
UNITED STATES TREASURY NOTE/BOND 0.75% 12/31/2017$4,090,560
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$4,004,500
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,223,539
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$2,749,176
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,678,555
UNITED STATES TREASURY NOTE/BOND 0.625% 08/31/2017$2,599,137
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,542,005
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,501,830
CHASE ISSUANCE TRUST 1.15% 01/15/2019$2,501,022
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,445,372
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,422,897
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,360,274
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,301,469
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,213,360
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,606,134
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,586,615
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,543,977
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,501,530
BANK OF MONTREAL 1.35% 08/28/2018$1,497,875
CITIGROUP INC 1.55% 08/14/2017$1,417,918
NEWELL BRANDS INC 2.15% 10/15/2018$1,416,982
PORSCHE INNOVATIVE LEASE OWNER TRUST 201 1.19% 07/23/2018$1,400,825
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,393,190
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,322,061
AMGEN INC 1.25% 05/22/2017$1,321,554
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,319,656
CARDINAL HEALTH INC 1.95% 06/15/2018$1,310,781
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,309,283
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,894
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,304,053
HSBC USA INC 1.625% 01/16/2018$1,301,004
MIZUHO BANK LTD 1.497% 03/26/2018$1,298,517
AT&T INC 2.4% 03/15/2017$1,286,633
BB&T CORP 1.416% 02/01/2019$1,249,524
PRUDENTIAL FINANCIAL INC 1.597% 08/15/2018$1,248,051
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,242,222
INVITATION HOMES 2014-SFR1 TRUST 1.535% 06/17/2031$1,235,624
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,228,209
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,228,054
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,227,934
WESTPAC BANKING CORP 1.6% 08/19/2019$1,218,918
MORGAN STANLEY 2.026% 01/27/2020$1,212,521
AETNA INC 1.9% 06/07/2019$1,210,381
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,194,258
PFIZER INC 1.45% 06/03/2019$1,191,695
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,191,218
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,181,146
CELGENE CORP 2.125% 08/15/2018$1,171,518
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,160,952
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,159,757
INVITATION HOMES 2015-SFR3 TRUST 1.835% 08/17/2032$1,071,242
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,067,781
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,023,951
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,017,958
SUNTRUST BANK/ATLANTA GA 1.257% 02/15/2017$1,010,280
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,007,825
FIFTH THIRD BANK/CINCINNATI OH 1.721% 08/20/2018$1,005,883
INVITATION HOMES 2015-SFR2 TRUST 1.885% 06/17/2032$983,908
ABBVIE INC 1.8% 05/14/2018$978,434
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$978,188
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$966,641
VERIZON COMMUNICATIONS INC 1.35% 06/09/2017$946,085
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$924,845
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$924,653
MACQUARIE BANK LTD 1.6% 10/27/2017$911,542
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$911,047
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-COSMO 1.785% 01/15/2032$910,763
AT&T INC 2.3% 03/11/2019$909,576
HERTZ FLEET LEASE FUNDING LP 1.079% 12/10/2027$905,941
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$904,720
ASHLAND INC 3.875% 04/15/2018$895,781
COLONY AMERICAN HOMES 2015-1 1.735% 07/17/2032$889,158
CVS HEALTH CORP 1.9% 07/20/2018$856,914
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$844,515
KRAFT HEINZ FOODS CO 2% 07/02/2018$836,320
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$830,983
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$821,665
PACCAR FINANCIAL CORP 1.3% 05/10/2019$819,342
BANK OF AMERICA CORP 1.309% 05/02/2017$805,580
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.134% 01/25/2024$793,975
ROYAL BANK OF CANADA 1.625% 04/15/2019$775,174
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.484% 05/25/2024$755,517
INVITATION HOMES 2014-SFR2 TRUST 1.645% 09/17/2031$752,872
CISCO SYSTEMS INC 1.4% 09/20/2019$735,683
RYDER SYSTEM INC 2.5% 03/01/2017$727,414
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$717,400
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$685,100
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$677,364
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$670,449
REYNOLDS AMERICAN INC 2.3% 06/12/2018$668,971
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$652,867
BANK OF NEW YORK MELLON CORP/THE 1.316% 08/01/2018$652,419
SANTANDER BANK NA 2% 01/12/2018$649,962
MORGAN STANLEY 6.625% 04/01/2018$646,173
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$642,458
GOLDMAN SACHS GROUP INC/THE 1.917% 11/15/2018$640,463
BANK OF AMERICA CORP 1.7% 08/25/2017$636,584
JPMORGAN CHASE & CO 1.782% 01/25/2018$630,576
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$623,253
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$617,557
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$616,863
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.97% 03/15/2021$610,183
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$604,678
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$602,712
MORGAN STANLEY 2.45% 02/01/2019$599,413
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.684% 09/25/2028$596,272
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$596,207
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$595,738
BANK OF AMERICA CORP 1.936% 03/22/2018$595,115
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.784% 10/25/2028$589,838
BANK OF AMERICA NA 2.05% 12/07/2018$571,456
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$560,860
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.66% 11/15/2021$547,773
AIRCASTLE LTD 6.75% 04/15/2017$546,310
FIFTH THIRD BANCORP 5.45% 01/15/2017$545,230
CATERPILLAR FINANCIAL SERVICES CORP 1.25% 08/18/2017$540,481
DOMINION RESOURCES INC/VA 1.25% 03/15/2017$540,331
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$538,048
PNC BANK NA 1.95% 03/04/2019$534,906
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$530,744
ABBVIE INC 1.75% 11/06/2017$521,986
MYLAN NV 2.5% 06/07/2019$515,841
KROGER CO/THE 2.2% 01/15/2017$501,523
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$487,872
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$483,981
STANDARD CHARTERED PLC 2.1% 08/19/2019$479,915
ANTHEM INC 2.375% 02/15/2017$466,476
COLONY AMERICAN HOMES 2014-2 1.496% 07/17/2031$464,114
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.02% 04/15/2021$462,370
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$456,740
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.734% 07/25/2024$450,806
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$445,875
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,708
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$435,206
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$427,908
WESTERN DIGITAL CORP 10.5% 04/01/2024$416,700
CITIGROUP INC 2.05% 12/07/2018$412,486
PORSCHE INNOVATIVE LEASE OWNER TRUST 201 1.03% 11/20/2017$411,595
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$410,529
NVIDIA CORP 2.2% 09/16/2021$409,974
LIBERTY PROPERTY LP 6.625% 10/01/2017$402,855
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$390,435
CIT GROUP INC 5.25% 03/15/2018$389,310
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.24% 04/15/2021$382,856
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$381,934
INVITATION HOMES 2013-SFR1 TRUST 1.685% 12/17/2030$377,835
SABINE PASS LNG LP 7.5% 11/30/2016$371,628
BMW US CAPITAL LLC 1.5% 04/11/2019$370,314
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$366,346
NCUA GUARANTEED NOTES TRUST 2010-A1 0.879% 12/07/2020$366,227
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$360,437
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$360,266
SEAGATE HDD CAYMAN 3.75% 11/15/2018$360,071
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$353,476
KEYBANK NA/CLEVELAND OH 1.315% 11/25/2016$345,131
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$341,762
GLENCORE FUNDING LLC 2.24% 01/15/2019$331,238
CITIGROUP INC 2.05% 06/07/2019$321,659
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$320,625
ACTAVIS FUNDING SCS 2.1% 03/12/2020$315,226
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$315,144
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$314,023
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$313,747
CISCO SYSTEMS INC 1.6% 02/28/2019$312,150
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$311,849
SANTANDER UK PLC 2.5% 03/14/2019$309,334
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$303,818
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.364% 01/26/2026$303,454
TENCENT HOLDINGS LTD 2% 05/02/2017$300,755
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$300,730
ACTAVIS FUNDING SCS 1.3% 06/15/2017$300,122
CAMERON INTERNATIONAL CORP 1.15% 12/15/2016$300,058
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$300,027
SANTANDER UK PLC 1.362% 03/13/2017$299,974
JPMORGAN CHASE & CO 6.3% 04/23/2019$299,395
COLONY AMERICAN HOMES 2014-1 1.685% 05/17/2031$290,348
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$290,237
NCUA GUARANTEED NOTES TRUST 2010-R1 0.977% 10/07/2020$290,060
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$288,824
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$286,818
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$282,752
TENET HEALTHCARE CORP 6.25% 11/01/2018$276,250
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$274,054
AMERICAN HOMES 4 RENT 2014-SFR1 1.535% 06/17/2031$273,165
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.534% 10/25/2023$263,842
EXXON MOBIL CORP 1.708% 03/01/2019$262,058
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$259,708
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$252,823
STRYKER CORP 2% 03/08/2019$252,444
CITIGROUP INC 1.85% 11/24/2017$250,916
DISH DBS CORP 4.625% 07/15/2017$250,206
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$249,888
COMPASS BANK 1.85% 09/29/2017$249,844
ASTORIA FINANCIAL CORP 5% 06/19/2017$244,426
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,274
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$241,236
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$241,152
AETNA INC 1.7% 06/07/2018$240,821
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$240,352
EBAY INC 2.5% 03/09/2018$232,928
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$232,145
PACCAR FINANCIAL CORP 1.45% 03/09/2018$220,900
BAXALTA INC 1.646% 06/22/2018$220,660
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$205,250
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$203,914
DUKE ENERGY CORP 1.226% 04/03/2017$200,324
TSMC GLOBAL LTD 1.625% 04/03/2018$200,198
NOVELIS CORP 6.25% 08/15/2024$198,075
ALLY FINANCIAL INC 3.25% 09/29/2017$196,341
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$192,574
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$190,510
TECO FINANCE INC 1.476% 04/10/2018$189,729
APPLE INC 1.7% 02/22/2019$181,661
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$173,784
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.65% 08/17/2020$172,361
CHEVRON CORP 1.79% 11/16/2018$171,501
FORTIVE CORP 1.8% 06/15/2019$170,548
WHIRLPOOL CORP 1.65% 11/01/2017$170,502
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$163,765
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.984% 11/25/2023$162,820
AMPHENOL CORP 1.55% 09/15/2017$160,268
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$160,196
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.684% 05/25/2028$159,843
GSAMP TRUST 2004-SEA2 1.184% 03/25/2034$157,441
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$151,287
AUTODESK INC 1.95% 12/15/2017$150,615
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,759
PACCAR FINANCIAL CORP 1.1% 06/06/2017$140,008
AES CORP/VA 3.842% 06/01/2019$139,174
SYNCHRONY FINANCIAL 1.989% 02/03/2020$137,104
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$132,915
PACCAR FINANCIAL CORP 1.435% 12/06/2018$130,947
APPLE INC 1.3% 02/23/2018$130,376
IAC/INTERACTIVECORP 4.875% 11/30/2018$127,323
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,524
BAXALTA INC 2% 06/22/2018$120,634
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$120,557
VENTAS REALTY LP 1.25% 04/17/2017$120,034
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$117,367
AT&T INC 5.5% 02/01/2018$115,304
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$112,810
KINDER MORGAN INC/DE 3.05% 12/01/2019$112,790
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$111,556
KINDER MORGAN INC/DE 2% 12/01/2017$110,424
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,869
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.484% 05/25/2024$104,668
WM WRIGLEY JR CO 2% 10/20/2017$100,712
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$100,082
GATX CORP 1.25% 03/04/2017$100,036
FREEPORT-MCMORAN INC 2.15% 03/01/2017$79,900
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$79,313
COCA-COLA CO/THE 0.875% 10/27/2017$75,943
SOUTHERN POWER CO 1.85% 12/01/2017$70,340
JOHNSON CONTROLS INC 1.4% 11/02/2017$70,097
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,091
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,473
TRANSALTA CORP 1.9% 06/03/2017$45,954
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$41,778
SEQUOIA MORTGAGE TRUST 2012-2 3.5% 04/25/2042$12,662
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.584% 03/25/2025$5,982
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$16,310,479
 
Other
Holding NameMarket Value
USD$8,177,000
BRITISH POUND$-16,413
USD$-340,988
RUSSELL 2000 MINI EQUITY INDEX DEC16 (RTAZ6)$-6,734,000

Footnotes

1.

Please read Making Sound Investment Decisions: A Retirement Investment Guide and the accompanying VantageTrust Fund Fees and Expenses document ("Guide") carefully for a complete summary of all fees, expenses, investment objectives and strategies, and risks before investing. For a current Guide, contact ICMA-RC by calling 800-669-7400 or log into your account at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.