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Aggressive Allocation Fund Schedule of Investments As of April 29, 2016 (Unaudited)

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AGGRESSIVE ALLOCATION FUND Schedule of Investments as of April 29, 2016 (unaudited) Shares Common Stock (48.6%) Value Shares Common Stock (48.6%) Value Consumer Discretionary (7.3%) Consumer Discretionary (7.3%) - continued 10,247 Aaron's, Inc. $268,574 100 Hennes & Mauritz AB $3,561 900 Aisan Industry Company, Ltd. 6,664 22,530 Home Depot, Inc. 3,016,542 8,420 Amazon.com, Inc.a 5,553,748 3,700 Honda Motor Company, Ltd. 99,847 1,677 American Public Education, Inc.a 38,839 19,660 Houghton Mifflin Harcourt Companya 403,227 4,630 Ascena Retail Group, Inc.a 40,790 300 Iida Group Holdings Company, Ltd. 5,603 3,140 AutoZone, Inc.a 2,402,822 3,400 Inchcape plc 33,725 200 Bayerische Motoren Werke AG 15,924 4,650 Interpublic Group of Companies, Inc. 106,671 9,250 Bed Bath & Beyond, Inc.a 436,785 500 Intertek Group plc 23,853 1,900 Berkeley Group Holdings plc 83,259 600 Isuzu Motors, Ltd. 6,420 1,750 Best Buy Company, Inc. 56,140 6,140 Jack in the Box, Inc. 414,757 1,000 Betsson ABa 13,536 19,142 Kate Spade & Companya 492,524 1,140 Big 5 Sporting Goods Corporation 13,783 5,190 Krispy Kreme Doughnuts, Inc.a 90,358 4,720 Big Lots, Inc. 216,459 4,964 L Brands, Inc. 388,632 370 BJ's Restaurants, Inc.a 16,502 19,467 Las Vegas Sands Corporation 878,935 5,580 Bloomin' Brands, Inc. 104,346 6,260 La-Z-Boy, Inc. 161,946 2,800 BorgWarner, Inc. 100,576 3,900 Lear Corporation 449,007 3,080 Boyd Gaming Corporationa 57,411 10,780 Liberty Interactive Corporationa 282,436 300 Brembo SPA 16,141 206 Linamar Corporation 8,920 700 Bridgestone Corporation 25,765 4,273 Lithia Motors, Inc. 354,744 25,856 Brunswick Corporation 1,241,864 18,110 LKQ Corporationa 580,425 200 Buffalo Wild Wings, Inc.a 26,732 3,190 Lowe's Companies, Inc. 242,504 800 Bunzl plc 23,878 200 LVMH Moet Hennessy Louis Vuitton 16,560 Burlington Stores, Inc.a 943,423 SE 33,322 8,170 Caleres, Inc. 205,966 5,290 Macy's, Inc. 209,431 4,730 Callaway Golf Company 44,178 900 Marks and Spencer Group plc 5,583 2,000 Calsonic Kansei Corporation 13,660 16,792 MDC Partners, Inc. 339,870 8,296 Cedar Fair, LP 481,749 2,031 New Media Investment Group, Inc. 32,598 6,470 Cheesecake Factory, Inc. 330,035 28,880 Newell Brands, Inc. 1,315,195 6,450 Children's Place, Inc. 502,519 5,190 News Corporation 64,460 980 Chuy's Holdings, Inc.a 29,929 34,360 NIKE, Inc. 2,025,178 21,600 Cinemark Holdings, Inc. 748,440 1,200 Nissan Motor Company, Ltd. 10,649 2,200 Cineworld Group plc 16,659 1,600 NOK Corporation 26,518 1,070 ClubCorp Holdings, Inc. 14,284 500 Nokian Renkaat Oyj 18,468 44,270 Comcast Corporation 2,689,845 25,903 Nord Anglia Education, Inc.a 549,921 500 Compass Group plc 8,904 63,860 Nutrisystem, Inc. 1,406,197 25,833 Core-Mark Holding Company, Inc. 2,109,523 4,094 O'Reilly Automotive, Inc.a 1,075,412 2,629 CSS Industries, Inc. 73,507 19,344 Oxford Industries, Inc. 1,284,828 3,367 Culp, Inc. 88,350 1,000 PanaHome Corporation 7,798 200 Daimler AG 13,935 19,040 Papa John's International, Inc. 1,077,474 13,920 Dana Holding Corporation 179,986 48,143 Papa Murphy's Holdings, Inc.a 604,676 6,000 Debenhams plc 6,891 9,422 Penn National Gaming, Inc.a 151,977 8,097 Delphi Automotive plc 596,182 3,600 Persimmon plc 104,710 2,500 Denso Corporation 95,028 300 ProSiebenSat.1 Media AG 15,326 2,390 DeVry Education Group, Inc. 41,466 13,260 PulteGroup, Inc. 243,851 31,163 Discovery Communications, Inc.a 851,062 13,324 PVH Corporation 1,273,774 10,380 DISH Network Corporationa 511,630 3,157 Ralph Lauren Corporation 294,264 6,490 Dollar General Corporation 531,596 2,410 Rent-A-Center, Inc. 35,427 16,972 Dollar Tree, Inc.a 1,352,838 6,099 Restoration Hardware Holdings, Inc.a 263,904 4,605 Domino's Pizza, Inc. 556,652 1,540 Retailmenot, Inc.a 12,982 5,810 DSW, Inc. 142,752 100 Rightmove plc 5,652 3,500 EDION Corporation 28,319 28,397 Ross Stores, Inc. 1,612,382 5,349 Ethan Allen Interiors, Inc. 182,080 2,670 Ruth's Hospitality Group, Inc. 42,400 1,500 Eutelsat Communications 46,603 12,790 Sally Beauty Holdings, Inc.a 401,606 5,145 Expedia, Inc. 595,637 5,790 Scripps Networks Interactive, Inc. 361,006 4,920 Finish Line, Inc. 97,170 800 Sekisui House, Ltd. 13,891 12,060 Ford Motor Company 163,534 4,690 Select Comfort Corporationa 115,749 3,063 Fossil, Inc.a 124,051 8,780 Service Corporation International 234,163 2,300 Fuji Heavy Industries, Ltd. 75,520 900 SHOWA Corporation 7,814 3,710 General Motors Company 117,978 4,140 Signet Jewelers, Ltd. 449,438 10,310 Gentex Corporation 165,372 8,446 Skechers USA, Inc.a 279,140 26,517 G-III Apparel Group, Ltd.a 1,199,894 270 Snap-On, Inc. 43,006 3,000 Gunze, Ltd. 8,383 1,200 Sports Direct International plca 6,770 900 Hakuhodo Dy Holdings, Inc. 10,146 2,438 Sportsman's Warehouse Holdings, 2,454 Harley-Davidson, Inc. 117,375 Inc.a 27,744 9,404 Harman International Industries, Inc. 721,851 400 Stanley Electric Company, Ltd. 8,133 3,582 Haverty Furniture Companies, Inc. 66,876 25,490 Staples, Inc. 259,998 The accompanying Notes to Financial Statements are an integral part of this schedule. 1 AGGRESSIVE ALLOCATION FUND Schedule of Investments as of April 29, 2016 (unaudited) Shares Common Stock (48.6%) Value Shares Common Stock (48.6%) Value Consumer Discretionary (7.3%) - continued Consumer Staples (2.3%) - continued 2,400 Star Entertainment Group, Ltd. $10,248 5,370 Hershey Company $500,001 42,180 Starbucks Corporation 2,371,781 6,840 Hormel Foods Corporation 263,682 4,504 Stein Mart, Inc. 32,609 3,727 Imperial Brands plc 202,650 2,400 Sumitomo Forestry Company, Ltd. 27,709 4,640 Ingredion, Inc. 534,018 1,400 Sumitomo Rubber Industries, Ltd. 21,313 500 Jeronimo Martins SGPS SA 8,186 100 Swatch Group AG 6,691 480 Kimberly-Clark Corporation 60,091 1,010 Tailored Brands, Inc. 17,594 7,000 Koninklijke Ahold NV 152,420 400 Tamron Company, Ltd. 6,466 200 KOSE Corporation 18,293 2,800 Tatts Group, Ltd. 7,979 5,320 Kroger Company 188,275 8,000 Taylor Wimpey plc 21,581 1,450 Lancaster Colony Corporation 168,925 5,300 Tempur-Pedic International, Inc.a 321,551 1,250 McCormick & Company, Inc. 117,225 9,091 Tenneco, Inc.a 484,550 4,110 Molson Coors Brewing Company 393,039 16,410 Time, Inc. 241,227 24,790 Mondelez International, Inc. 1,064,978 500 Tokai Rika Company, Ltd. 9,258 9,389 Monster Beverage Corporationa 1,354,082 36,803 Toll Brothers, Inc.a 1,004,722 1,500 Nestle SA 111,960 1,040 Tower International, Inc. 23,868 1,000 Nippon Meat Packers, Inc. 22,289 1,000 Toyota Motor Corporation 50,690 600 Omega Protein Corporationa 11,154 40,613 Tuesday Morning Corporationa 352,521 4,200 PepsiCo, Inc. 432,432 3,080 Twenty-First Century Fox, Inc., Class 853 Philip Morris International, Inc. 83,696 B 92,770 17,480 Pinnacle Foods, Inc. 744,473 2,760 Twenty-First Century Fox, Inc., Class 480 Snyder's-Lance, Inc. 15,346 A 83,518 6,082 SpartanNash Company 168,471 2,200 UBM plc 18,330 600 Suedzucker AG 10,595 1,809 Ulta Salon Cosmetics & Fragrance, 300 Sugi Holdings Company, Ltd. 14,505 Inc.a 376,779 1,700 Swedish Match AB 53,995 4,158 Under Armour, Inc., Class Aa 182,703 2,590 Tyson Foods, Inc. 170,474 4,158 Under Armour, Inc., Class Ca 169,646 11,881 United Natural Foods, Inc.a 423,795 500 USS Company, Ltd. 7,909 1,510 Universal Corporation 82,370 6,110 Vail Resorts, Inc. 792,100 52,130 WhiteWave Foods Companya 2,096,147 100 Valora Holding AG 24,424 1,121 Woolworths, Ltd. 18,759 6,620 Vera Bradley, Inc.a 116,115 Total 19,519,884 6,087 VF Corporation 383,785 3,510 Vitamin Shoppe, Inc.a 96,069 Energy (7.0%) 2,000 Wacoal Holdings Corporation 24,115 2,300 WH Smith plc 56,346 10,460 Archrock, Inc. 103,031 300 Whitbread plc 17,005 5,989 Atwood Oceanics, Inc. 57,854 270 Williams-Sonoma, Inc. 15,871 57,846 Baker Hughes, Inc. 2,797,433 2,100 Wolters Kluwer NV 79,995 43,694 BP plc 240,728 2,564 Bristow Group, Inc. 58,767 1,370 Wolverine World Wide, Inc. 25,961 a 2,100 WPP plc 49,062 82,891 Callon Petroleum Company 871,184 5,140 Wyndham Worldwide Corporation 364,683 78,646 Canadian Natural Resources, Ltd. 2,360,953 2,000 Yokohama Rubber Company, Ltd. 33,529 48,098 Chevron Corporation 4,914,654 10,105 Cimarex Energy Company 1,100,232 7,450 Yum! Brands, Inc.
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    Analysis of Present States and Future Prospects「Term 2019.3 (Apr. 2018

    Term 2019.3 (Apr. 2018～Mar. 2019) Outline of Financial Results Promenade Temecula(Temecula, California) March 30, 2019 open! Analysis of consolidated operating results ① Apr. 2018～Mar. 2019 Actual [Year-on-year] ※(Unit ¥bn) ※Figures below ¥10 million have been truncated. Percentage is rounded off to one decimal place. Term 2018.3 Actual Term 2019.3 Actual ① [Differ in number of stores] Unit Differ(%) Japan (105 stores): 1 store opening, 4 store closings (2017.4~2018.3) (2018.4~2019.3) The USA (32 stores): 11 store openings Total stores at the ② [Ordinary income] end of the term ① Store 129 137 +6.2 Stores No. of months total Term 2018.3 Actual Ordinary income ¥10.26bn stores operation Month 1,496 1,560 +4.3 Japan Ordinary income & loss +¥0.44bn Bowling 24.52 24.29 (0.9) [Breakdown] Increase in sales +¥0.64bn Amusement 45.34 49.68 +9.6 Decrease in repairing exp. +¥0.41bn Karaoke (including other sales of the USA) 9.84 10.94 +11.1 Decrease in personnel exp. +¥0.30bn Increase in promotion exp. ¥(0.56)bn Spo-cha 13.28 13.46 +1.3 (Due to amusement merchandise exp. increase) Increase in purchase ¥(0.13)bn Others 2.90 2.92 +0.7 Increase in advertising exp. ¥(0.12)bn Total sales 95.91 101.31 +5.6 Others ¥(0.10)bn Cost of sales 83.06 86.85 +4.6 The USA Ordinary income & loss +¥0.52bn [Breakdown] Increase in sales due to increase in Gross profit 12.84 14.46 +12.6 No.