SCHEDULE OF INVESTMENTS (Unaudited) September 30, 2017

Transcription

1 SCHEDULE OF INVESTMENTS (Unaudited) September 30, 2017 COMMON STOCKS % FINANCIAL - 3.9% SVB Financial Group* 91 $ 17,025 Reinsurance Group of America, Inc. Class A ,627 Alleghany Corp.* 27 14,958 East West Bancorp, Inc ,945 Camden Property Trust REIT ,901 SEI Investments Co ,860 American Financial Group, Inc ,311 Signature Bank* 95 12,164 Kilroy Realty Corp. REIT ,090 WR Berkley Corp ,079 New York Community Bancorp, Inc ,905 Omega Healthcare Investors, Inc. REIT ,881 Janus Henderson Group plc ,870 National Retail Properties, Inc. REIT ,748 PacWest Bancorp ,506 Liberty Property Trust REIT ,470 Douglas Emmett, Inc. REIT ,446 American Campus Communities, Inc. REIT ,419 Bank of the Ozarks ,091 Lamar Advertising Co. Class A REIT 145 9,937 Eaton Vance Corp ,825 Brown & Brown, Inc ,686 Synovus Financial Corp ,673 Jones Lang LaSalle, Inc. 78 9,633 First American Financial Corp ,594 Cullen/Frost Bankers, Inc ,587 Sterling Bancorp 387 9,540 RenaissanceRe Holdings Ltd. 70 9,460 DCT Industrial Trust, Inc. REIT 161 9,325 Highwoods Properties, Inc. REIT 179 9,324 CyrusOne, Inc. REIT 158 9,311 Commerce Bancshares, Inc ,954 Pinnacle Financial Partners, Inc ,570 SLM Corp.* 747 8,568 Webster Financial Corp ,355 Old Republic International Corp ,349 Medical Properties Trust, Inc. REIT 630 8,272 Hospitality Properties Trust REIT 284 8,091 Senior Housing Properties Trust REIT 411 8,035 Prosperity Bancshares, Inc ,888 FNB Corp ,843 First Horizon National Corp ,756 EPR Properties REIT 111 7,741 Wintrust Financial Corp. 97 7,596 Umpqua Holdings Corp ,433 Texas Capital Bancshares, Inc.* 86 7,379 Hancock Holding Co ,122 Hanover Insurance Group, Inc. 73 7,076 Healthcare Realty Trust, Inc. REIT 214 6,921 Home BancShares, Inc ,885 CNO Financial Group, Inc ,839 Cousins Properties, Inc. REIT 727 6,790 United Bankshares, Inc ,761 Life Storage, Inc. REIT 81 6,627 CoreSite Realty Corp. REIT 59 6,602 Weingarten Realty Investors REIT 207 6,570 MB Financial, Inc ,528 Rayonier, Inc. REIT 223 6,442 Chemical Financial Corp ,428 Primerica, Inc. 78 6,361 Associated Banc-Corp ,354 Stifel Financial Corp ,308 First Industrial Realty Trust, Inc. REIT 207 6,229 Bank of Hawaii Corp. 74 6,169 Sabra Health Care REIT, Inc. REIT 277 6,077 Legg Mason, Inc ,936 GEO Group, Inc. REIT 215 5,784 LaSalle Hotel Properties REIT 196 5,688 Fulton Financial Corp ,681 UMB Financial Corp. 76 5,661 Corporate Office Properties Trust REIT 172 5,647 JBG SMITH Properties REIT* 162 5,542 CoreCivic, Inc. REIT 205 5,488 Cathay General Bancorp 131 5,266 Taubman Centers, Inc. REIT 105 5,219 Washington Federal, Inc ,182 TCF Financial Corp ,061 Federated Investors, Inc. Class B 165 4,901 BancorpSouth, Inc ,711 Education Realty Trust, Inc. REIT 127 4,563 Kemper Corp. 84 4,452 Urban Edge Properties REIT 183 4,414 Aspen Insurance Holdings Ltd ,202 Uniti Group, Inc. REIT 285 4,178 Tanger Factory Outlet Centers, Inc. REIT 164 4,005 Trustmark Corp ,875 International Bancshares Corp. 94 3,769 Alexander & Baldwin, Inc. 80 3,706 Mack-Cali Realty Corp. REIT 155 3,675 Mercury General Corp. 63 3,571 Potlatch Corp. REIT 70 3,570 Genworth Financial, Inc. Class A* 864 3,326 Washington Prime Group, Inc. REIT 322 2,682 Quality Care Properties, Inc. REIT* 162 2,511 Total Financial 731,883 INDUSTRIAL - 2.9% Huntington Ingalls Industries, Inc ,889 Trimble, Inc.* ,191 Cognex Corp ,542 IDEX Corp ,034 Keysight Technologies, Inc.* ,372 Orbital ATK, Inc ,316 Old Dominion Freight Line, Inc ,993 Arrow Electronics, Inc.* ,303 Graco, Inc ,998 Lennox International, Inc ,812 Wabtec Corp ,211 Hubbell, Inc ,022 Carlisle Companies, Inc ,932

2 Oshkosh Corp. 130 $ 10,730 Donaldson Company, Inc ,428 Nordson Corp ,428 Coherent, Inc.* 43 10,112 Zebra Technologies Corp. Class A* 92 9,989 AECOM* 271 9,975 Lincoln Electric Holdings, Inc ,809 Gentex Corp ,781 Teledyne Technologies, Inc.* 61 9,710 AptarGroup, Inc ,408 Knight-Swift Transportation Holdings, Inc.* 221 9,183 Eagle Materials, Inc. 84 8,963 Jabil, Inc ,851 Sonoco Products Co ,678 AGCO Corp ,410 Avnet, Inc ,371 Trinity Industries, Inc ,358 Curtiss-Wright Corp. 76 7,945 Genesee & Wyoming, Inc. Class A* 106 7,845 National Instruments Corp ,801 Ryder System, Inc. 92 7,779 Littelfuse, Inc. 39 7,639 Woodward, Inc. 96 7,451 Landstar System, Inc. 73 7,274 Bemis Company, Inc ,154 Owens-Illinois, Inc.* 282 7,095 EMCOR Group, Inc ,076 Crane Co. 88 7,039 Louisiana-Pacific Corp.* 251 6,797 ITT, Inc ,729 Terex Corp ,618 SYNNEX Corp. 50 6,326 Valmont Industries, Inc. 39 6,166 Kirby Corp.* 93 6,133 Regal Beloit Corp. 77 6,083 Belden, Inc. 73 5,879 Timken Co ,777 Kennametal, Inc ,648 Tech Data Corp.* 60 5,331 EnerSys 75 5,188 Clean Harbors, Inc.* 90 5,103 Energizer Holdings, Inc ,927 Cree, Inc.* 169 4,764 KLX, Inc.* 89 4,711 MSA Safety, Inc. 59 4,691 Dycom Industries, Inc.* 54 4,638 Vishay Intertechnology, Inc ,362 KBR, Inc ,327 Esterline Technologies Corp.* 46 4,147 GATX Corp. 67 4,125 Granite Construction, Inc. 69 3,999 Silgan Holdings, Inc ,767 Worthington Industries, Inc. 77 3,542 Werner Enterprises, Inc. 78 2,851 Greif, Inc. Class A 45 2,634 Knowles Corp.* 155 2,367 Total Industrial 557,527 CONSUMER, NON-CYCLICAL - 2.2% Teleflex, Inc ,874 Ingredion, Inc ,960 ManpowerGroup, Inc ,549 WellCare Health Plans, Inc.* 77 13,224 STERIS plc ,995 West Pharmaceutical Services, Inc ,321 ABIOMED, Inc.* 73 12,308 MarketAxess Holdings, Inc ,993 Lamb Weston Holdings, Inc ,863 Service Corporation International ,178 Bioverativ, Inc.* ,672 Live Nation Entertainment, Inc.* ,104 Post Holdings, Inc.* ,063 Charles River Laboratories International, Inc.* 82 8,858 United Therapeutics Corp.* 75 8,789 Catalent, Inc.*, ,623 Hill-Rom Holdings, Inc ,436 HealthSouth Corp ,926 Bio-Techne Corp. 65 7,858 Bio-Rad Laboratories, Inc. Class A* 35 7,778 WEX, Inc.* 69 7,743 Rollins, Inc ,659 Hain Celestial Group, Inc.* 179 7,366 Brink s Co. 87 7,330 Edgewell Personal Care Co.* 99 7,204 Masimo Corp.* 83 7,184 MEDNAX, Inc.* 162 6,985 CoreLogic, Inc.* 146 6,748 Acadia Healthcare Company, Inc.* 141 6,734 TreeHouse Foods, Inc.* 99 6,705 Sabre Corp ,534 Mallinckrodt plc* 168 6,278 Deluxe Corp. 84 6,129 Flowers Foods, Inc ,000 Sanderson Farms, Inc. 35 5,653 Snyder s-lance, Inc ,607 Akorn, Inc.* 162 5,377 LivaNova plc* 75 5,255 Molina Healthcare, Inc.* 76 5,226 Incorporated Research Holdings, Inc. Class A* 97 5,073 NuVasive, Inc.* 88 4,880 Avis Budget Group, Inc.* 126 4,796 Aaron s, Inc ,712 Graham Holdings Co. Class B 8 4,681 Prestige Brands Holdings, Inc.* 92 4,608 Helen of Troy Ltd.* 47 4,554 Sprouts Farmers Market, Inc.* 218 4,092 Lancaster Colony Corp. 34 4,084 LifePoint Health, Inc.* 69 3,995 Adtalem Global Education, Inc ,836

3 Globus Medical, Inc. Class A* 125 $ 3,715 United Natural Foods, Inc.* 88 3,660 Halyard Health, Inc.* 81 3,647 Owens & Minor, Inc ,095 Sotheby s* 65 2,997 Endo International plc* 348 2,981 Boston Beer Company, Inc. Class A* 15 2,343 Tenet Healthcare Corp.* 140 2,300 Avon Products, Inc.* 761 1,773 Dean Foods Co ,708 Tootsie Roll Industries, Inc. 33 1,254 Total Consumer, Non-cyclical 424,873 CONSUMER, CYCLICAL - 1.8% NVR, Inc.* 6 17,130 Domino s Pizza, Inc ,678 Copart, Inc.* ,926 Toro Co ,606 Toll Brothers, Inc ,907 Thor Industries, Inc ,702 Polaris Industries, Inc ,568 JetBlue Airways Corp.* ,544 Brunswick Corp ,619 Watsco, Inc. 53 8,537 Six Flags Entertainment Corp ,350 Dunkin Brands Group, Inc ,280 Carter s, Inc. 83 8,196 Pool Corp. 71 7,680 Casey s General Stores, Inc. 66 7,224 Dana, Inc ,990 Scotts Miracle-Gro Co. Class A 71 6,911 Williams-Sonoma, Inc ,881 Cinemark Holdings, Inc ,626 Cracker Barrel Old Country Store, Inc ,368 MSC Industrial Direct Company, Inc. Class A 78 5,894 Bed Bath & Beyond, Inc ,844 Skechers U.S.A., Inc. Class A* 232 5,821 Texas Roadhouse, Inc. Class A 113 5,553 Tupperware Brands Corp. 88 5,440 AutoNation, Inc.*, ,363 Nu Skin Enterprises, Inc. Class A 86 5,287 Jack in the Box, Inc. 51 5,198 Tempur Sealy International, Inc.* 79 5,097 Wendy s Co ,907 ILG, Inc ,892 CalAtlantic Group, Inc ,835 Churchill Downs, Inc. 22 4,536 Sally Beauty Holdings, Inc.* 227 4,445 American Eagle Outfitters, Inc ,161 Big Lots, Inc. 77 4,125 Michaels Companies, Inc.* 191 4,101 Office Depot, Inc ,072 World Fuel Services Corp ,035 Dick s Sporting Goods, Inc ,970 Deckers Outdoor Corp.* 55 3,763 Herman Miller, Inc ,733 TRI Pointe Group, Inc.* 262 3,618 GameStop Corp. Class A 175 3,616 KB Home 144 3,473 Urban Outfitters, Inc.* 141 3,370 Cooper Tire & Rubber Co. 90 3,366 Papa John s International, Inc. 46 3,361 Cheesecake Factory, Inc. 76 3,201 HNI Corp. 76 3,152 Buffalo Wild Wings, Inc.* 27 2,854 Brinker International, Inc. 85 2,708 HSN, Inc. 55 2,148 Dillard s, Inc. Class A 36 2,019 International Speedway Corp. Class A 43 1,548 Total Consumer, Cyclical 334,229 TECHNOLOGY - 1.7% Take-Two Interactive Software, Inc.* ,811 MSCI, Inc. Class A ,236 Broadridge Financial Solutions, Inc ,326 Leidos Holdings, Inc ,569 CDK Global, Inc ,385 Jack Henry & Associates, Inc ,774 Teradyne, Inc ,753 IPG Photonics Corp.* 65 12,029 PTC, Inc.* ,256 Tyler Technologies, Inc.* 60 10,459 Microsemi Corp.* ,296 Fortinet, Inc.* 262 9,391 Ultimate Software Group, Inc.* 49 9,290 Cypress Semiconductor Corp ,637 Brocade Communications Systems, Inc ,556 Medidata Solutions, Inc.* 101 7,884 NCR Corp.* 210 7,879 Dun & Bradstreet Corp. 64 7,450 Fair Isaac Corp. 53 7,447 Teradata Corp.* 218 7,366 Blackbaud, Inc. 83 7,287 MAXIMUS, Inc ,224 Monolithic Power Systems, Inc. 66 7,032 j2 Global, Inc. 84 6,206 Integrated Device Technology, Inc.* 231 6,140 Silicon Laboratories, Inc.* 74 5,913 Cirrus Logic, Inc.* 110 5,865 DST Systems, Inc ,762 Science Applications International Corp. 76 5,081 NetScout Systems, Inc.* 155 5,014 Manhattan Associates, Inc.* 119 4,947 ACI Worldwide, Inc.* 204 4,647 Pitney Bowes, Inc ,525 Allscripts Healthcare Solutions, Inc.* 313 4,454 CommVault Systems, Inc.* 73 4,438 Convergys Corp ,168 VeriFone Systems, Inc.* 194 3,934 Acxiom Corp.* 138 3,400 Diebold Nixdorf, Inc ,993 3D Systems Corp.*, ,638

4 Synaptics, Inc.* 58 $ 2,272 Total Technology 330,734 UTILITIES - 0.8% Atmos Energy Corp ,426 UGI Corp ,057 OGE Energy Corp ,467 Westar Energy, Inc ,202 Great Plains Energy, Inc ,302 Aqua America, Inc ,189 Vectren Corp ,471 MDU Resources Group, Inc ,771 National Fuel Gas Co ,378 IDACORP, Inc. 87 7,650 WGL Holdings, Inc. 89 7,494 ONE Gas, Inc. 90 6,628 Black Hills Corp. 93 6,405 Southwest Gas Holdings, Inc. 82 6,365 New Jersey Resources Corp ,323 Hawaiian Electric Industries, Inc ,274 PNM Resources, Inc ,561 NorthWestern Corp. 84 4,783 Total Utilities 159,746 BASIC MATERIALS - 0.8% Chemours Co ,195 Steel Dynamics, Inc ,306 RPM International, Inc ,860 Olin Corp ,864 Royal Gold, Inc ,723 Reliance Steel & Aluminum Co ,597 Valvoline, Inc ,231 United States Steel Corp ,749 Versum Materials, Inc ,298 Ashland Global Holdings, Inc ,062 NewMarket Corp. 16 6,812 Cabot Corp ,026 Sensient Technologies Corp. 76 5,846 PolyOne Corp ,684 Domtar Corp ,686 Allegheny Technologies, Inc.*, ,493 Minerals Technologies, Inc. 61 4,310 Carpenter Technology Corp. 81 3,890 Compass Minerals International, Inc ,829 Commercial Metals Co ,806 Total Basic Materials 151,267 ENERGY - 0.7% HollyFrontier Corp ,042 Energen Corp.* 168 9,186 WPX Energy, Inc.* 689 7,924 Patterson-UTI Energy, Inc ,727 Core Laboratories N.V. 76 7,501 Murphy Oil Corp ,463 Transocean Ltd.*, ,285 First Solar, Inc.* 141 6,469 CONSOL Energy, Inc.* 358 6,065 Southwestern Energy Co.* 881 5,383 PBF Energy, Inc. Class A ,246 Oceaneering International, Inc ,466 Matador Resources Co.* 154 4,181 Gulfport Energy Corp.* 285 4,087 Murphy USA, Inc.* 58 4,002 Nabors Industries Ltd ,995 Callon Petroleum Co.* 346 3,889 QEP Resources, Inc.* 416 3,565 Ensco plc Class A ,140 SM Energy Co ,140 Dril-Quip, Inc.* 65 2,870 Superior Energy Services, Inc.* 265 2,830 NOW, Inc.* 186 2,569 Rowan Companies plc Class A* 197 2,531 Diamond Offshore Drilling, Inc.*, ,624 Total Energy 128,180 COMMUNICATIONS - 0.5% FactSet Research Systems, Inc ,247 LogMeIn, Inc ,014 ARRIS International plc* 305 8,689 ViaSat, Inc.* 93 5,982 Cable One, Inc. 8 5,777 Ciena Corp.* 245 5,383 AMC Networks, Inc. Class A* 90 5,262 TEGNA, Inc ,959 Telephone & Data Systems, Inc ,435 InterDigital, Inc. 60 4,425 New York Times Co. Class A 218 4,273 John Wiley & Sons, Inc. Class A 77 4,120 Meredith Corp. 68 3,774 Cars.com, Inc.*, ,300 Plantronics, Inc. 58 2,565 Frontier Communications Corp ,603 Total Communications 86,808 Total Common Stocks (Cost $2,438,648) 2,905,247 MUTUAL FUNDS % Guggenheim Strategy Fund II 2 252,521 6,328,172 Guggenheim Strategy Fund I 2 179,871 4,516,572 Total Mutual Funds (Cost $10,790,238) 10,844,744

5 SCHEDULE OF INVESTMENTS (Unaudited)(concluded) September 30, 2017 FACE AMOUNT FEDERAL AGENCY NOTES % Farmer Mac % (Fed Funds Effective Rate + 32 bps) due 01/25/18 4 $ 1,000,000 $ 1,001,157 Federal Home Loan Bank % due 10/26/18 5 1,000, ,022 Total Federal Agency Notes (Cost $1,999,957) 2,000,179 REPURCHASE AGREEMENTS,6-14.4% BNP Paribas issued 09/29/17 at 1.00% due 10/02/17 7 1,362,995 1,362,995 Bank of America Merrill Lynch issued 09/29/17 at 1.05% due 10/02/ , ,497 RBC Capital Markets LLC issued 09/29/17 at 0.98% due 10/02/ , ,418 HSBC Securities, Inc. issued 09/29/17 at 0.91% due 10/02/17 106, ,397 UMB Financial Corp. issued 09/29/17 at 0.91% due 10/02/17 11,159 11,159 Total Repurchase Agreements (Cost $2,725,466) 2,725,466 SECURITIES LENDING COLLATERAL,8-0.5% First American Government Obligations Fund Class Z, 0.89% 9 88,755 88,755 Total Securities Lending Collateral (Cost $88,755) 88,755 Total Investments % (Cost $18,043,064) $ 18,564,391 Other Assets & Liabilities, net - 2.0% 383,713 Total Net Assets % $ 18,948,104 Total Return Swap Agreements FINANCING RATE PAY (RECEIVE) PAYMENT FREQUENCY MATURITY DATE NOTIONAL UNREALIZED GAIN COUNTERPARTY INDEX UNITS OTC Equity Index Swap Agreements Goldman Sachs International S&P MidCap 400 Index 1.55% At Maturity 10/27/17 3,686 $ 6,619,621 $ 84,865 BNP Paribas S&P MidCap 400 Index 1.59% At Maturity 10/30/17 9,685 17,394,116 61,353 Barclays Bank plc S&P MidCap 400 Index 1.55% At Maturity 10/31/ ,620,556 2,159 $ 25,634,293 $ 148,377 * Non-income producing security. Value determined based on Level 1 inputs. Value determined based on Level 2 inputs. 1 All or portion of this security is on loan at September 30, Affiliated issuer. 3 The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government. 4 Variable rate security. Rate indicated is rate effective at September 30, Security is a step up/step down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. 6 Repurchase Agreements. 7 All or a portion of this security is pledged as equity index swap collateral at September 30, Securities lending collateral. 9 Rate indicated is the 7 day yield as of September 30, plc Public Limited Company REIT Real Estate Investment Trust