SCHEDULE OF INVESTMENTS December 31, 2015

RETAILING FUND

SHARES VALUE

COMMON STOCKS† - 99.6%

RETAIL - 74.4% Wal-Mart Stores, Inc. 6,505 $ 398,756 Home Depot, Inc. 2,714 358,926 CVS Health Corp. 3,037 296,928 Alliance, Inc. 3,129 266,450 Lowe’s Companies, Inc. 3,065 233,063 Wholesale Corp. 1,439 232,398 TJX Companies, Inc. 2,690 190,747 Target Corp. 2,548 185,010 L Brands, Inc. 1,510 144,688 O’Reilly Automotive, Inc.* 552 139,888 , Inc. 2,406 129,467 AutoZone, Inc.* 174 129,092 Corp. 1,750 125,773 , Inc.* 1,536 118,610 Ulta Salon Cosmetics & Fragrance, Inc.* 518 95,830 Macy’s, Inc. 2,706 94,656 Tractor Supply Co. 1,102 94,221 Advance Auto Parts, Inc. 601 90,457 Company, Inc. 2,966 90,315 Signet Jewelers Ltd. 722 89,304 CarMax, Inc.* 1,653 89,213 Tiffany & Co. 1,159 88,420 Kohl’s Corp. 1,844 87,830 The Gap, Inc. 3,519 86,919 Nordstrom, Inc. 1,697 84,528 Foot Locker, Inc. 1,295 84,292 Corp.* 9,973 78,188 Bed Bath & Beyond, Inc.* 1,574 75,946 AutoNation, Inc.* 1,201 71,652 Liberty Interactive Corporation QVC Group — Class A* 2,550 69,666 Staples, Inc. 7,149 67,701 Williams-Sonoma, Inc. 1,055 61,623 Michaels Companies, Inc.* 2,711 59,940 Express, Inc.* 3,255 56,246 Dick’s Sporting Goods, Inc. 1,566 55,358 Sally Beauty Holdings, Inc.* 1,938 54,050 Penske Automotive Group, Inc. 1,269 53,729 Jumei International Holding Ltd. ADR* 5,800 52,548 Burlington Stores, Inc.* 1,190 51,051 Cabela’s, Inc.* 1,070 50,001 Office Depot, Inc.* 8,713 49,141 American Eagle Outfitters, Inc. 3,158 48,949 CST Brands, Inc. 1,214 47,516 GameStop Corp. — Class A 1,691 47,416 Restoration Hardware Holdings, Inc.* 596 47,353 Lithia Motors, Inc. — Class A 432 46,081 HSN, Inc. 889 45,046 PriceSmart, Inc. 541 44,898 Urban Outfitters, Inc.* 1,948 44,317 GNC Holdings, Inc. — Class A 1,421 44,079 Corp.* 2,130 43,793 Dillard’s, Inc. — Class A 651 42,777 Chico’s FAS, Inc. 3,991 42,584 JC Penney Company, Inc.* 6,116 40,733 DSW, Inc. — Class A 1,664 39,703 Big Lots, Inc. 1,006 38,771 Abercrombie & Fitch Co. — Class A 1,391 37,557 Group 1 Automotive, Inc. 492 37,244 Ascena Group, Inc.* 3,753 36,967 Asbury Automotive Group, Inc.* 545 36,755 Five Below, Inc.* 1,108 35,567 Mattress Firm Holding Corp.* 770 34,365 Buckle, Inc. 1,086 33,427 Guess?, Inc. 1,764 33,304 Genesco, Inc.* 546 31,029 Caleres, Inc. 1,120 30,038 Children’s Place, Inc. 540 29,808 Vitamin Shoppe, Inc.* 815 26,651 Finish Line, Inc. — Class A 1,439 26,017 Conn’s, Inc.* 1,056 24,784 Men’s Wearhouse, Inc. 1,547 22,710 Hibbett Sports, Inc.* 748 22,620 Barnes & Noble, Inc. 2,511 21,871 Outerwall, Inc. 569 20,791 Pier 1 Imports, Inc. 4,071 20,721 Lumber Liquidators Holdings, Inc.* 1,016 17,638 Stage Stores, Inc. 1,583 14,421 Total Retail 6,190,922

INTERNET - 18.0% .com, Inc.* 717 484,614 Priceline Group, Inc.* 172 219,291 , Inc.* 1,612 184,381 JD.com, Inc. ADR* 3,367 108,636 Expedia, Inc. 857 106,525 Ctrip.com International Ltd. ADR* 2,120 98,220 TripAdvisor, Inc.* 1,123 95,736 Vipshop Holdings Ltd. ADR* 5,105 77,953 Wayfair, Inc. — Class A* 1,160 55,239 Groupon, Inc. — Class A* 12,020 36,901 Shutterfly, Inc.* 756 33,687 Total Internet 1,501,183

DISTRIBUTION & WHOLESALE - 3.3% Genuine Parts Co. 1,160 99,632 LKQ Corp.* 2,906 86,105 Pool Corp. 633 51,134 Core-Mark , Inc. 440 36,054 Total Distribution & Wholesale 272,925 SCHEDULE OF INVESTMENTS (concluded) December 31, 2015

RETAILING FUND

SHARES VALUE

LEISURE TIME - 1.3% Qunar Cayman Islands Ltd. ADR* 1,268 $ 66,874 Liberty TripAdvisor Holdings, Inc. — Class A* 1,340 40,656 Total Leisure Time 107,530

COMMERCIAL SERVICES - 1.2% Monro Muffler Brake, Inc. 605 40,063 Aaron’s, Inc. 1,562 34,974 Rent-A-Center, Inc. 1,621 24,266 Total Commercial Services 99,303

FOOD - 0.6% Cia Brasileira de Distribuicao ADR 4,648 48,897

OIL & GAS - 0.5% Murphy USA, Inc.* 714 43,368

HOME FURNISHINGS - 0.3% Select Comfort Corp.* 1,288 27,576

Total Common Stocks (Cost $5,170,853) 8,291,704

FACE AMOUNT

REPURCHASE AGREEMENT††,1 - 0.6% HSBC Group issued 12/31/15 at 0.18% due 01/04/16 $ 50,013 50,013 Total Repurchase Agreement (Cost $50,013) 50,013

Total Investments - 100.2% (Cost $5,220,866) $ 8,341,717 Other Assets & Liabilities, net - (0.2)% (14,100) Total Net Assets - 100.0% $ 8,327,617

* Non-income producing security. † Value determined based on Level 1 inputs. †† Value determined based on Level 2 inputs. 1 Repurchase Agreement. ADR — American Depositary Receipt