sign in sign up
<<
Home , Urban Outfitters, Washington Federal

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2019 MID-CAP 1.5x STRATEGY FUND

Shares Value Shares Value

COMMON STOCKS† - 8.8% Rayonier, Inc. REIT 36 $ 1,091 United Bankshares, Inc. 29 1,076 FINANCIAL - 2.2% FNB Corp. 91 1,071 Camden Property Trust REIT 27 $ 2,819 OZK 34 1,023 Reinsurance Group of Pebblebrook Hotel Trust REIT 36 1,015 America, Inc. — Class A 18 2,809 Umpqua Holdings Corp. 61 1,012 Alleghany Corp.* 4 2,724 PS Business Parks, Inc. REIT 6 1,011 WR Berkley Corp. 41 2,703 Valley National Bancorp 93 1,003 National Properties, Inc. REIT 45 2,385 Sabra Health Care REIT, Inc. 50 985 Brown & Brown, Inc. 65 2,177 Janus Henderson Group plc 46 984 Omega Healthcare Investors, Inc. REIT 59 2,168 Evercore, Inc. — Class A 11 974 RenaissanceRe Holdings Ltd. 12 2,136 Associated Banc-Corp. 46 972 Kilroy Realty Corp. REIT 28 2,067 Corp. 24 961 REIT 41 2,052 TCF Financial Corp. 46 956 American Financial Group, Inc. 20 2,049 Weingarten Realty Investors REIT 34 932 SEI Investments Co. 36 2,020 Texas Capital Bancshares, Inc.* 15 921 Lamar Advertising Co. — Class A REIT 24 1,937 Legg Mason, Inc. 24 919 16 1,933 Bank of Hawaii Corp. 11 912 East West Bancorp, Inc. 40 1,871 Federated Investors, Inc. — Class B 27 877 Medical Properties Trust, Inc. REIT 106 1,849 Home BancShares, Inc. 44 847 Jones Lang LaSalle, Inc. 13 1,829 LendingTree, Inc.* 2 840 American Campus Communities, Inc. REIT 39 1,800 Corp. 61 833 Douglas Emmett, Inc. REIT 45 1,793 Chemical Financial Corp. 20 822 CyrusOne, Inc. REIT 31 1,789 Corporate Office Properties Trust REIT 31 817 Old Republic International Corp. 79 1,768 Washington Federal, Inc. 23 803 Cullen/Frost Bankers, Inc. 18 1,686 Cathay General Bancorp 22 790 First American Financial Corp. 31 1,665 UMB Financial Corp. 12 790 , Inc. 27 1,611 Fulton Financial Corp. 47 769 EPR Properties REIT 21 1,566 BancorpSouth Bank 26 755 Synovus Financial Corp. 44 1,540 CNO Financial Group, Inc. 45 751 Brixmor Property Group, Inc. REIT 83 1,484 PotlatchDeltic Corp. REIT 19 741 Cousins Properties, Inc. REIT 41 1,483 GEO Group, Inc. REIT 34 714 Kemper Corp. 17 1,467 , Inc. REIT 17 694 Primerica, Inc. 12 1,439 CoreCivic, Inc. REIT 33 685 Hanover Group, Inc. 11 1,411 Trustmark Corp. 18 598 Eaton Vance Corp. 32 1,380 Mack-Cali Realty Corp. REIT 25 582 First Horizon National Corp. 89 1,329 Urban Edge Properties REIT 33 572 PacWest Bancorp 34 1,320 International Bancshares Corp. 15 566 JBG SMITH Properties REIT 33 1,298 Senior Housing Properties Trust REIT 66 546 New York Community Bancorp, Inc. 130 1,298 Genworth Financial, Inc. — Class A* 139 516 First Industrial Realty Trust, Inc. REIT 35 1,286 Mercury General Corp. 8 500 Sterling Bancorp 60 1,277 Deluxe Corp. 12 488 CoreSite Realty Corp. REIT 11 1,267 Uniti Group, Inc. REIT 50 475 Webster Financial Corp. 26 1,242 Alexander & Baldwin, Inc. REIT 19 439 Life Storage, Inc. REIT 13 1,236 Tanger Factory Outlet Centers, Inc. REIT1 26 421 , Inc.* 33 1,211 Highwoods Properties, Inc. REIT 29 1,198 Total Financial 123,012 Prosperity Bancshares, Inc. 18 1,189 INDUSTRIAL - 1.8% SLM Corp. 122 1,186 IDEX Corp. 21 3,615 Stifel Financial Corp. 20 1,181 Trimble, Inc.* 70 3,158 Corp. 16 1,171 Lennox International, Inc. 10 2,750 First Financial Bankshares, Inc. 38 1,170 Teledyne Technologies, Inc.* 10 2,739 EastGroup Properties, Inc. REIT 10 1,160 Old Dominion Freight Line, Inc. 18 2,687 Hospitality Properties Trust REIT 46 1,150 Graco, Inc. 47 2,359 Pinnacle Financial Partners, Inc. 20 1,150 Cognex Corp. 48 2,303 Group, Inc. — Class A 21 1,138 Universal Display Corp. 12 2,257 Healthcare Realty Trust, Inc. REIT 35 1,096 Carlisle Companies, Inc. 16 2,246 SCHEDULE OF INVESTMENTS (Unaudited)(continued) June 30, 2019 MID-CAP 1.5x STRATEGY FUND

Shares Value Shares Value

AptarGroup, Inc. 18 $ 2,238 , Inc. 37 $ 611 Nordson Corp. 14 1,978 Terex Corp. 18 565 Hubbell, Inc. 15 1,956 Dycom Industries, Inc.* 9 530 Donaldson Company, Inc. 36 1,831 Worthington Industries, Inc. 11 443 Sonoco Products Co. 28 1,829 Werner Enterprises, Inc. 12 373 Woodward, Inc. 16 1,811 Greif, Inc. — Class A 7 228 Gentex Corp. 72 1,772 Total Industrial 96,278 Arrow Electronics, Inc.* 24 1,710 Oshkosh Corp. 20 1,670 CONSUMER, NON-CYCLICAL - 1.4% Acuity Brands, Inc. 12 1,655 STERIS plc 24 3,573 AECOM* 43 1,627 West Pharmaceutical Services, Inc. 21 2,628 Genesee & Wyoming, Inc. — Class A* 16 1,600 Molina Healthcare, Inc.* 18 2,576 ITT, Inc. 24 1,571 WEX, Inc.* 12 2,497 Curtiss-Wright Corp. 12 1,526 Service Corporation International 50 2,339 XPO Logistics, Inc.* 26 1,503 Bio-Techne Corp. 11 2,293 Lincoln Electric Holdings, Inc. 18 1,482 Catalent, Inc.* 41 2,223 MDU Resources Group, Inc. 55 1,419 Masimo Corp.* 14 2,083 Littelfuse, Inc. 8 1,415 Hill-Rom Holdings, Inc. 19 1,988 EMCOR Group, Inc. 16 1,410 Post Holdings, Inc.* 19 1,975 AGCO Corp. 18 1,396 Bio-Rad Laboratories, Inc. — Class A* 6 1,875 Avnet, Inc. 30 1,358 Charles River Laboratories Fluor Corp. 39 1,314 International, Inc.* 13 1,845 National Instruments Corp. 31 1,302 Exelixis, Inc.* 84 1,795 Landstar System, Inc. 12 1,296 Encompass Health Corp. 27 1,711 Jabil, Inc. 39 1,232 Sabre Corp. 77 1,709 Trex Company, Inc.* 17 1,219 PRA Health Sciences, Inc.* 17 1,686 Eagle Materials, Inc. 13 1,205 Haemonetics Corp.* 14 1,685 Kirby Corp.* 15 1,185 ManpowerGroup, Inc. 17 1,642 SYNNEX Corp. 12 1,181 Ingredion, Inc. 19 1,567 Louisiana-Pacific Corp. 45 1,180 Chemed Corp. 4 1,443 Crane Co. 14 1,168 Graham Holdings Co. — Class B 2 1,380 Knight-Swift Transportation Holdings, Inc. 35 1,149 ICU Medical, Inc.* 5 1,260 Stericycle, Inc.* 24 1,146 Insperity, Inc. 10 1,221 nVent Electric plc 45 1,115 Flowers Foods, Inc. 51 1,187 Axon Enterprise, Inc.* 17 1,092 Aaron’s, Inc. 19 1,167 MSA Safety, Inc. 10 1,054 Brink’s Co. 14 1,137 Tech Data Corp.* 10 1,046 Integra LifeSciences Holdings Corp.* 20 1,117 Clean Harbors, Inc.* 14 995 LivaNova plc* 14 1,007 Regal Beloit Corp. 12 980 HealthEquity, Inc.* 15 981 Timken Co. 19 975 Amedisys, Inc.* 8 971 KBR, Inc. 39 973 United Therapeutics Corp.* 12 937 Coherent, Inc.* 7 955 , Inc. — Class A* 22 931 Kennametal, Inc. 24 888 LiveRamp Holdings, Inc.* 19 921 Valmont Industries, Inc. 7 888 CoreLogic, Inc.* 22 920 MasTec, Inc.* 17 876 Helen of Troy Ltd.* 7 914 Ryder System, Inc. 15 875 ASGN, Inc.* 15 909 GATX Corp. 11 872 Lancaster Colony Corp. 6 892 EnerSys 12 822 Acadia Healthcare Company, Inc.* 25 874 Trinity Industries, Inc. 37 768 Syneos Health, Inc.* 17 869 Resideo Technologies, Inc.* 35 767 TreeHouse Foods, Inc.* 16 866 Owens-Illinois, Inc. 44 760 NuVasive, Inc.* 14 820 Colfax Corp.* 26 729 Sanderson Farms, Inc. 6 819 Energizer Holdings, Inc. 18 696 Cantel Medical Corp. 10 806 Silgan Holdings, Inc. 22 673 Boston Beer Company, Inc. — Class A* 2 756 Belden, Inc. 11 655 Adtalem Global Education, Inc.* 16 721 Granite Construction, Inc. 13 626 Ligand Pharmaceuticals, Inc. — Class B* 6 685 Green Dot Corp. — Class A* 14 685 SCHEDULE OF INVESTMENTS (Unaudited)(continued) June 30, 2019 MID-CAP 1.5x STRATEGY FUND

Shares Value Shares Value

Sprouts Farmers Market, Inc.* 35 $ 661 Nu Skin Enterprises, Inc. — Class A 15 $ 740 Healthcare Services Group, Inc. 21 637 Dick’s Sporting Goods, Inc. 21 727 Avis Budget Group, Inc.* 18 633 World Fuel Services Corp. 19 683 MEDNAX, Inc.* 25 631 AutoNation, Inc.* 16 671 Avanos Medical, Inc.* 14 610 KB Home 24 617 Hain Celestial Group, Inc.* 25 547 Boyd Gaming Corp. 22 593 Patterson Companies, Inc. 23 527 Adient plc 24 582 Sotheby’s* 9 523 , Inc.* 30 578 Prestige Consumer Healthcare, Inc.* 15 475 Jack in the Box, Inc. 7 570 Tenet Healthcare Corp.* 23 475 Cheesecake Factory, Inc. 12 525 Edgewell Personal Care Co.* 15 404 Delphi Technologies plc 25 500 Inogen, Inc.* 5 334 Urban Outfitters, Inc.* 21 478 Mallinckrodt plc* 23 211 Visteon Corp.* 8 469 Weight Watchers International, Inc.* 11 210 TRI Pointe Group, Inc.* 39 467 Tootsie Roll Industries, Inc. 5 185 Sally Beauty Holdings, Inc.* 34 454 Total Consumer, Non-cyclical 73,949 Bed Bath & Beyond, Inc. 38 442 HNI Corp. 12 424 CONSUMER, CYCLICAL - 1.2% Brinker International, Inc. 10 393 NVR, Inc.* 1 3,370 International Speedway Corp. — Class A 7 314 Domino’s Pizza, Inc. 11 3,061 Dillard’s, Inc. — Class A1 5 311 Live Nation Entertainment, Inc.* 39 2,584 Scientific Games Corp. — Class A* 15 297 Pool Corp. 11 2,101 Papa John’s International, Inc.1 6 268 Toro Co. 30 2,007 Signet Jewelers Ltd. 15 268 Five Below, Inc.* 16 1,920 Tupperware Brands Corp. 14 266 Caesars Entertainment Corp.* 162 1,915 Michaels Companies, Inc.* 25 218 Dunkin’ Brands Group, Inc. 23 1,832 Total Consumer, Cyclical 65,164 Casey’s General Stores, Inc. 11 1,716 JetBlue Airways Corp.* 86 1,590 TECHNOLOGY - 0.8% Wyndham Hotels & Resorts, Inc. 27 1,505 Leidos Holdings, Inc. 41 3,274 Watsco, Inc. 9 1,472 Zebra Technologies Corp. — Class A* 15 3,142 Polaris Industries, Inc. 16 1,460 PTC, Inc.* 30 2,693 Williams-Sonoma, Inc. 22 1,430 Fair Isaac Corp.* 8 2,512 Deckers Outdoor Corp.* 8 1,408 Tyler Technologies, Inc.* 11 2,376 , Inc. 37 1,355 Teradyne, Inc. 48 2,300 Carter’s, Inc. 13 1,268 Cypress Semiconductor Corp. 102 2,269 Ollie’s Bargain Outlet Holdings, Inc.* 14 1,220 CDK Global, Inc. 35 1,730 Cracker Barrel Old Country Store, Inc. 7 1,195 CACI International, Inc. — Class A* 8 1,637 Wyndham Destinations, Inc. 27 1,185 Cree, Inc.* 29 1,629 Skechers U.S.A., Inc. — Class A* 37 1,165 Medidata Solutions, Inc.* 18 1,629 Churchill Downs, Inc. 10 1,151 Monolithic Power Systems, Inc. 11 1,494 Brunswick Corp. 24 1,101 MAXIMUS, Inc. 18 1,305 Mattel, Inc.*,1 97 1,087 Manhattan Associates, Inc.* 18 1,248 Scotts Miracle-Gro Co. — Class A 11 1,084 Silicon Laboratories, Inc.* 12 1,241 Cinemark Holdings, Inc. 30 1,083 Science Applications International Corp. 14 1,212 Marriott Vacations Worldwide Corp. 11 1,060 Teradata Corp.* 33 1,183 Texas Roadhouse, Inc. — Class A 19 1,020 Lumentum Holdings, Inc.* 22 1,175 Wendy’s Co. 51 999 Blackbaud, Inc. 14 1,169 Goodyear Tire & Rubber Co. 65 994 MKS Instruments, Inc. 15 1,168 Six Flags Entertainment Corp. 20 994 j2 Global, Inc. 13 1,156 MSC Industrial Direct ACI Worldwide, Inc.* 32 1,099 Company, Inc. — Class A 13 965 NCR Corp.* 33 1,026 Tempur Sealy International, Inc.* 13 954 Perspecta, Inc. 39 913 Thor Industries, Inc. 15 877 Semtech Corp.* 19 913 Eldorado Resorts, Inc.*,1 18 829 Cirrus Logic, Inc.* 17 743 Dana, Inc. 40 798 Covetrus, Inc.* 27 661 American Eagle Outfitters, Inc. 47 794 Allscripts Healthcare Solutions, Inc.* 48 558 Herman Miller, Inc. 17 760 CommVault Systems, Inc.* 11 546 SCHEDULE OF INVESTMENTS (Unaudited)(continued) June 30, 2019 MID-CAP 1.5x STRATEGY FUND

Shares Value Shares Value

NetScout Systems, Inc.* 20 $ 508 Meredith Corp. 12 $ 661 Synaptics, Inc.* 10 291 AMC Networks, Inc. — Class A* 12 654 Total Technology 44,800 John Wiley & Sons, Inc. — Class A 13 596 InterDigital, Inc. 9 580 BASIC MATERIALS - 0.4% Cars.com, Inc.* 18 355 RPM International, Inc. 37 2,261 Plantronics, Inc. 9 333 Royal Gold, Inc. 19 1,947 Total Communications 17,334 Steel Dynamics, Inc. 64 1,933 Reliance Steel & Aluminum Co. 19 1,798 ENERGY - 0.3% Versum Materials, Inc. 30 1,547 First Solar, Inc.* 21 1,379 Holdings, Inc. 18 1,439 WPX Energy, Inc.* 110 1,266 Ingevity Corp.* 12 1,262 Murphy Oil Corp. 46 1,134 Co. 47 1,128 Equitrans Midstream Corp. 57 1,123 Valvoline, Inc. 53 1,035 Equities Corp. 71 1,123 Olin Corp. 46 1,008 PBF Energy, Inc. — Class A 34 1,064 Allegheny Technologies, Inc.* 35 882 Transocean Ltd.* 141 904 Sensient Technologies Corp. 12 882 Apergy Corp.* 22 738 Cabot Corp. 17 811 Patterson-UTI Energy, Inc. 59 679 NewMarket Corp. 2 802 Murphy USA, Inc.* 8 672 Domtar Corp. 18 802 Core Laboratories N.V. 12 627 Steel Corp. 48 735 Matador Resources Co.* 29 577 PolyOne Corp. 22 691 Oceaneering International, Inc.* 28 571 Carpenter Technology Corp. 14 671 Chesapeake Energy Corp.* 291 567 Commercial Metals Co. 33 589 McDermott International, Inc.* 51 493 Compass Minerals International, Inc. 10 550 Southwestern Energy Co.* 152 480 Minerals Technologies, Inc. 10 535 QEP Resources, Inc.* 66 477 Total Basic Materials 23,308 Ensco Rowan plc — Class A 55 469 NOW, Inc.* 30 443 UTILITIES - 0.4% Oasis Petroleum, Inc.* 76 432 UGI Corp. 49 2,617 Callon Petroleum Co.* 64 422 Aqua America, Inc. 59 2,441 Range Resources Corp. 58 405 OGE Energy Corp. 56 2,383 CNX Resources Corp.* 55 402 IDACORP, Inc. 15 1,506 SM Energy Co. 29 363 ONE Gas, Inc. 15 1,355 Total Energy 16,810 Southwest Gas Holdings, Inc. 15 1,344 Hawaiian Electric Industries, Inc. 30 1,307 Total Common Stocks National Fuel Gas Co. 24 1,266 (Cost $389,039) 481,833 New Jersey Resources Corp. 25 1,244 MUTUAL FUNDS† - 59.5% Spire, Inc. 14 1,175 2 Black Hills Corp. 15 1,173 Guggenheim Strategy Fund II 73,063 1,813,413 Guggenheim Ultra Short Duration ALLETE, Inc. 14 1,165 2 PNM Resources, Inc. 22 1,120 Fund - Institutional Class 145,842 1,452,587 NorthWestern Corp. 15 1,082 Total Mutual Funds Total Utilities 21,178 (Cost $3,264,072) 3,266,000 COMMUNICATIONS - 0.3% Face FactSet Research Systems, Inc. 11 3,152 Amount Cable One, Inc. 2 2,342 Ciena Corp.* 40 1,645 U.S. TREASURY BILLS†† - 4.5% New York Times Co. — Class A 40 1,305 U.S. Treasury Bills ViaSat, Inc.* 16 1,293 2.09% due 08/01/193 $ 175,000 174,697 LogMeIn, Inc. 14 1,032 2.12% due 08/01/193 70,000 69,879 TEGNA, Inc. 60 909 Total U.S. Treasury Bills World Wrestling Entertainment, (Cost $244,549) 244,576 Inc. — Class A 12 866 Yelp, Inc. — Class A* 24 821 Telephone & Data Systems, Inc. 26 790 SCHEDULE OF INVESTMENTS (Unaudited)(concluded) June 30, 2019 MID-CAP 1.5x STRATEGY FUND

Face Amount Value Shares Value

FEDERAL AGENCY DISCOUNT NOTES†† - 3.6% SECURITIES LENDING COLLATERAL†,6 - 0.0% Federal Home Loan Bank Money Market Fund 2.22% due 07/02/193 $ 200,000 $ 199,988 First American Government 7 Total Federal Agency Discount Notes Obligations Fund — Class Z, 2.26% 2,084 $ 2,084 (Cost $199,988) 199,988 Total Securities Lending Collateral (Cost $2,084) 2,084 REPURCHASE AGREEMENTS††,4 - 19.0% JPMorgan Chase & Co. Total Investments - 95.4% issued 06/28/19 at 2.53% (Cost $5,144,016) $ 5,238,765 5 due 07/01/19 697,662 697,662 Other Assets & Liabilities, net - 4.6% 255,308 Merrill Lynch Total Net Assets - 100.0% $ 5,494,073 issued 06/28/19 at 2.48% due 07/01/195 173,311 173,311 Barclays Capital issued 06/28/19 at 2.40% due 07/01/195 173,311 173,311 Total Repurchase Agreements (Cost $1,044,284) 1,044,284

Total Return Swap Agreements Value and Financing Payment Maturity Notional Unrealized Counterparty Index Rate Pay Frequency Date Units Amount Appreciation OTC Equity Index Swap Agreements†† Goldman Sachs International S&P MidCap 400 Index 2.77% At Maturity 07/29/19 2,198 $ 4,276,836 $ 98,840 Barclays Bank plc S&P MidCap 400 Index 2.72% At Maturity 07/31/19 1,302 2,533,850 61,070 BNP Paribas S&P MidCap 400 Index 2.75% At Maturity 07/29/19 492 957,077 23,067 $ 7,767,763 $ 182,977

* Non-income producing security. † Value determined based on Level 1 inputs. †† Value determined based on Level 2 inputs. 1 All or a portion of this security is on loan at June 30, 2019. 2 Affiliated issuer. 3 Rate indicated is the effective yield at the time of purchase. 4 Repurchase Agreements. 5 All or a portion of this security is pledged as equity index swap collateral at June 30, 2019. 6 Securities lending collateral. 7 Rate indicated is the 7-day yield as of June 30, 2019. plc — Public Limited Company REIT — Real Estate Investment Trust