Leuthold Funds NPORT-P Leuthold Global Fund (Jun 2024 report)

Leuthold Global Fund
Schedule of Investments
as of June 30, 2024 (Unaudited)
COMMON STOCKS - 70.5%		Shares		Value
Automobiles - 1.2%
General Motors Co.			2,924	$	135,849
Stellantis NV			5,938		117,387
					253,236
Banks - 6.9%
ABN AMRO Bank NV(a)			6,103		100,234
ANZ Group Holdings Ltd.			3,915		73,554
Banco Santander SA - ADR			23,878		110,555
Bank of Nova Scotia			1,176		53,767
Barclays PLC - ADR			8,411		90,082
Canadian Imperial Bank of Commerce			1,553		73,830
Citigroup, Inc.			1,290		81,863
Comerica, Inc.			1,520		77,581
Commerzbank AG			7,309		110,865
Danske Bank AS			2,611		77,876
M&T Bank Corp.			512		77,496
Mizuho Financial Group, Inc. - ADR			28,431		120,263
Nishi-Nippon Financial Holdings, Inc.			6,600		83,356
Old National Bancorp/IN			4,303		73,969
Svenska Handelsbanken AB - Class A			9,584		91,586
UniCredit SpA			2,060		76,232
United Overseas Bank Ltd.			3,400		78,425
					1,451,534
Broadline Retail - 2.5%
Dillard's, Inc. - Class A			139		61,214
eBay, Inc.			1,643		88,262
JD.com, Inc. - ADR			3,043		78,631
Naspers Ltd.			432		84,842
Nordstrom, Inc.			2,750		58,355
PDD Holdings, Inc. - ADR(b)			754		100,244
Takashimaya Co. Ltd.			3,600		60,799
					532,347
Capital Markets - 5.3%
Daiwa Securities Group, Inc.			12,000		92,128
Deutsche Bank AG			7,260		115,724
Goldman Sachs Group, Inc.			385		174,143
Interactive Brokers Group, Inc. - Class A			602		73,805
Investec PLC			9,302		67,243
Macquarie Group Ltd.			986		134,166
Morgan Stanley			1,501		145,882
Raymond James Financial, Inc.			942		116,441
SBI Holdings, Inc.			2,800		71,065
UBS Group AG			4,296		126,904
					1,117,501
Construction Materials - 4.2%
Asia Cement Corp.			47,000		63,511
Buzzi SpA			2,676		107,757
CRH PLC			2,005		150,335
CSR Ltd.			14,607		87,171
Eagle Materials, Inc.			391		85,027
Heidelberg Materials AG			1,040		107,509
Holcim AG			1,529		135,151
Summit Materials, Inc. - Class A(b)			2,040		74,684
Wienerberger AG			2,219		73,560
					884,705
Distributors - 0.3%
LKQ Corp.			1,552		64,548
Health Care Providers & Services - 4.1%
Bangkok Dusit Medical Services PCL - NVDR			154,200		112,236
HCA Healthcare, Inc.			570		183,130
IHH Healthcare Bhd			91,600		122,327
National HealthCare Corp.			930		100,812
Select Medical Holdings Corp.			2,671		93,645
Tenet Healthcare Corp.(b)			936		124,516
Universal Health Services, Inc. - Class B			677		125,198
					861,864
Household Durables - 6.4%
Barratt Developments PLC			8,621		51,201
Haseko Corp.			5,800		64,234
KB Home			2,633		184,784
Lennar Corp. - Class A			1,710		256,278
Meritage Homes Corp.			1,618		261,873
Redrow PLC			8,722		73,522
Toll Brothers, Inc.			2,308		265,835
Tri Pointe Homes, Inc.(b)			5,089		189,565
					1,347,292
Insurance - 8.9%
Axis Capital Holdings Ltd.			1,597		112,828
DB Insurance Co. Ltd.			1,348		111,686
Everest Group Ltd.			653		248,806
Fairfax Financial Holdings Ltd.			102		116,038
Hartford Financial Services Group, Inc.			896		90,084
Loews Corp.			1,385		103,515
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen			767		383,466
Old Republic International Corp.			4,090		126,381
QBE Insurance Group Ltd.			9,273		107,044
Sompo Holdings, Inc.			8,700		186,386
Swiss Re AG			2,332		289,114
					1,875,348
Interactive Media & Services - 3.0%
Baidu, Inc. - ADR(b)			1,088		94,090
CAR Group Ltd.			3,338		78,150
Cargurus, Inc.(b)			2,481		65,002
LY Corp.			26,600		64,230
Match Group, Inc.(b)			2,000		60,760
Scout24 SE(a)			1,007		76,939
SEEK Ltd.			4,305		61,103
Shutterstock, Inc.			1,157		44,776
Yelp, Inc.(b)			1,620		59,859
ZipRecruiter, Inc. - Class A(b)			3,916		35,596
					640,505
Machinery - 3.5%
AGCO Corp.			760		74,389
Daimler Truck Holding AG			2,584		103,058
Doosan Bobcat, Inc.			2,226		82,412
Greenbrier Cos., Inc.			1,099		54,455
Hitachi Construction Machinery Co. Ltd.			3,000		80,445
Oshkosh Corp.			741		80,176
REV Group, Inc.			2,698		67,153
Terex Corp.			1,464		80,286
Volvo AB - Class B			4,571		117,449
					739,823
Metals & Mining - 1.6%
ArcelorMittal SA			3,124		71,633
BlueScope Steel, Ltd.			5,023		68,185
Commercial Metals Co.			1,527		83,970
Ryerson Holding Corp.			1,689		32,936
Ternium SA - ADR			2,427		91,134
					347,858
Oil, Gas & Consumable Fuels - 9.1%
APA Corp.			3,782		111,342
Canadian Natural Resources Ltd.			8,376		298,186
Chord Energy Corp.			899		150,744
Eni SpA - ADR			3,400		104,686
EOG Resources, Inc.			1,993		250,859
Exxon Mobil Corp.			1,568		180,508
HF Sinclair Corp.			1,554		82,890
Inpex Corp.			11,000		161,540
Petroleo Brasileiro SA - ADR			6,926		100,358
PTT Exploration & Production PCL - NVDR			22,700		93,836
Shell PLC - ADR			1,776		128,192
Suncor Energy, Inc.			3,684		140,361
Valero Energy Corp.			715		112,083
					1,915,585
Paper & Forest Products - 0.0%(c)
China Forestry Holdings Co. Ltd.(b)(d)			2,484,000		0
Semiconductors & Semiconductor Equipment - 7.1%
Amkor Technology, Inc.			3,783		151,396
Applied Materials, Inc.			1,552		366,256
ASM International NV			486		371,487
Lam Research Corp.			368		391,865
Sino-American Silicon Products, Inc.			21,000		140,269
SUMCO Corp.			4,700		67,989
					1,489,262
Technology Hardware, Storage & Peripherals - 3.1%
Asustek Computer, Inc.			4,000		61,223
Dell Technologies, Inc. - Class C			482		66,473
Diebold Nixdorf, Inc.(b)			1,104		42,482
Hewlett Packard Enterprise Co.			3,368		71,301
Logitech International SA			744		72,079
Pegatron Corp.			16,000		51,427
Samsung Electronics Co. Ltd.			1,536		90,399
Seiko Epson Corp.			3,800		59,406
Western Digital Corp.(b)			924		70,011
Xiaomi Corp. - Class B(a)(b)			33,200		69,793
					654,594
Trading Companies & Distributors - 3.3%
Boise Cascade Co.			698		83,216
GMS, Inc.(b)			1,119		90,203
ITOCHU Corp.			2,600		127,811
Mitsui & Co. Ltd.			6,600		150,524
Rush Enterprises, Inc. - Class A			1,665		69,713
WESCO International, Inc.			1,110		175,957
					697,424
TOTAL COMMON STOCKS (Cost $12,090,177)					14,873,426
EXCHANGE TRADED FUNDS - 10.2%
iShares 0-5 Year High Yield Corporate Bond ETF			4,178		176,312
iShares 5-10 Year Investment Grade Corporate Bond ETF			8,836		452,933
iShares Core Japan Government Bond ETF			23,600		342,883
iShares International Treasury Bond ETF(b)			5,796		223,783
iShares MBS ETF			2,949		270,748
Simplify MBS ETF			5,064		255,023
SPDR Portfolio Intermediate Term Corporate Bond ETF			7,455		242,735
VanEck J. P. Morgan EM Local Currency Bond ETF			7,755		184,414
TOTAL EXCHANGE TRADED FUNDS (Cost $2,177,231)					2,148,831
CORPORATE BONDS - 2.4%		Par
Banks - 2.4%
JPMorgan Chase & Co., 1.50%, 01/27/2025	EUR		470,000		497,058
TOTAL CORPORATE BONDS (Cost $511,799)					497,058
U.S. TREASURY SECURITIES - 2.3%
United States Treasury Note/Bond, 3.88%, 08/15/2033			510,000		491,652
TOTAL U.S. TREASURY SECURITIES (Cost $492,742)					491,652
FOREIGN GOVERNMENT DEBT OBLIGATIONS - 2.1%
French Republic Government Bond OAT, 3.00%, 05/25/2033 (a)	EUR		420,000		442,811
TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS (Cost $439,982)					442,811
PREFERRED STOCKS - 0.2%		Shares
Metals & Mining - 0.2%
Gerdau SA, Series 0, 0.00%,			15,610		51,513
TOTAL PREFERRED STOCKS (Cost $68,844)					51,513
SHORT-TERM INVESTMENTS - 10.5%
Money Market Funds - 8.2%
Fidelity Government Portfolio - Class Institutional, 5.21%(e)			1,726,205		1,726,205
U.S. Treasury Bills - 2.3%		Par
5.30%, 07/11/2024(f)(g)			500,000		499,273
TOTAL SHORT-TERM INVESTMENTS (Cost $2,225,478)					2,225,478
TOTAL INVESTMENTS - 98.2% (Cost $18,006,253)				$	20,730,769
Other Assets in Excess of Liabilities - 1.8%					381,366
TOTAL NET ASSETS - 100.0%				$	21,112,135
Percentages are stated as a percent of net assets.
Par amount is in USD unless otherwise indicated.
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

NVDR - Non-Voting Depositary Receipt

PLC - Public Limited Company

SA - Sociedad Anónima

EUR - Euro

(a)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2024, the value of these securities total $689,777 or 3.3% of the Fund’s net assets.
(b)	Non-income producing security.
(c)	Represents less than 0.05% of net assets.
(d)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of June 30, 2024.
(e)	The rate shown represents the 7-day effective yield as of June 30, 2024.
(f)	The rate shown is the effective yield as of June 30, 2024.
(g)	All or a portion of security has been pledged as collateral for open securities sold short.

Leuthold Global Fund
Schedule of Securities Sold Short(a)
as of June 30, 2024(Unaudited)
EXCHANGE TRADED FUNDS - (7.5)%	Shares			Value
Invesco Nasdaq 100 ETF		(310	)	$	(61,104	)
iShares Expanded Tech-Software Sector ETF		(213	)		(18,510	)
iShares MSCI ACWI ETF		(6,155	)		(691,822	)
iShares MSCI EAFE ETF		(6,290	)		(492,695	)
iShares MSCI Emerging Markets ETF		(2,547	)		(108,477	)
iShares Semiconductor ETF		(117	)		(28,856	)
iShares U.S. Medical Devices ETF		(479	)		(26,843	)
iShares U.S. Transportation ETF		(400	)		(26,172	)
Materials Select Sector SPDR Fund		(219	)		(19,340	)
Real Estate Select Sector SPDR Fund		(954	)		(36,643	)
SPDR S&P 500 ETF Trust		(77	)		(41,905	)
Utilities Select Sector SPDR Fund		(629	)		(42,860	)
TOTAL EXCHANGE TRADED FUNDS (Proceeds $1,485,851)					(1,595,227	)
COMMON STOCKS - (4.4)%
Aerospace & Defense - (0.3)%
Axon Enterprise, Inc.		(52	)		(15,300	)
Boeing Co.		(79	)		(14,379	)
HEICO Corp.		(37	)		(8,274	)
L3Harris Technologies, Inc.		(67	)		(15,047	)
Spirit AeroSystems Holdings, Inc. - Class A		(199	)		(6,541	)
					(59,541	)
Air Freight & Logistics - (0.1)%
CH Robinson Worldwide, Inc.		(74	)		(6,521	)
United Parcel Service, Inc. - Class B		(93	)		(12,727	)
					(19,248	)
Automobile Components - (0.1)%
Dana, Inc.		(518	)		(6,278	)
Magna International, Inc.		(122	)		(5,112	)
					(11,390	)
Automobiles - (0.1)%
Tesla, Inc.		(64	)		(12,664	)
Beverages - (0.1)%
Brown-Forman Corp. - Class B		(262	)		(11,316	)
Biotechnology - (0.1)%
GRAIL, Inc.		(16	)		(246	)
Moderna, Inc.		(118	)		(14,012	)
					(14,258	)
Capital Markets - (0.2)%
FactSet Research Systems, Inc.		(15	)		(6,124	)
MarketAxess Holdings, Inc.		(36	)		(7,219	)
MSCI, Inc.		(26	)		(12,525	)
Nasdaq, Inc.		(210	)		(12,655	)
					(38,523	)
Chemicals - (0.2)%
Air Products and Chemicals, Inc.		(54	)		(13,935	)
Albemarle Corp.		(114	)		(10,889	)
International Flavors & Fragrances, Inc.		(101	)		(9,616	)
Stepan Co.		(73	)		(6,129	)
					(40,569	)
Commercial Services & Supplies - (0.2)%
ACV Auctions, Inc. - Class A		(353	)		(6,442	)
Casella Waste Systems, Inc. - Class A		(85	)		(8,434	)
GFL Environmental, Inc.		(203	)		(7,903	)
Rollins, Inc.		(310	)		(15,125	)
					(37,904	)
Communications Equipment - (0.0)%(b)
Viasat, Inc.		(252	)		(3,200	)
Consumer Staples Distribution & Retail - (0.0)%(b)
Chefs' Warehouse, Inc.		(262	)		(10,247	)
Electric Utilities - (0.1)%
NextEra Energy, Inc.		(166	)		(11,754	)
Electrical Equipment - (0.1)%
Emerson Electric Co.		(119	)		(13,109	)
Shoals Technologies Group, Inc. - Class A		(498	)		(3,108	)
					(16,217	)
Electronic Equipment, Instruments & Components - (0.1)%
Advanced Energy Industries, Inc.		(60	)		(6,526	)
Cognex Corp.		(190	)		(8,884	)
					(15,410	)
Energy Equipment & Services - (0.1)%
Patterson-UTI Energy, Inc.		(577	)		(5,978	)
Valaris Ltd.		(99	)		(7,375	)
					(13,353	)
Entertainment - (0.1)%
ROBLOX Corp. - Class A		(328	)		(12,205	)
Take-Two Interactive Software, Inc.		(79	)		(12,284	)
					(24,489	)
Financial Services - (0.0)%(b)
Remitly Global, Inc.		(363	)		(4,400	)
Ground Transportation - (0.2)%
JB Hunt Transport Services, Inc.		(63	)		(10,080	)
Knight-Swift Transportation Holdings, Inc.		(119	)		(5,940	)
Norfolk Southern Corp.		(53	)		(11,379	)
Old Dominion Freight Line, Inc.		(63	)		(11,126	)
					(38,525	)
Health Care Equipment & Supplies - (0.4)%
Becton Dickinson & Co.		(60	)		(14,023	)
Dexcom, Inc.		(102	)		(11,565	)
Globus Medical, Inc. - Class A		(146	)		(9,999	)
Intuitive Surgical, Inc.		(34	)		(15,125	)
Masimo Corp.		(74	)		(9,319	)
ResMed, Inc.		(83	)		(15,888	)
STAAR Surgical Co.		(219	)		(10,427	)
					(86,346	)
Hotels, Restaurants & Leisure - (0.3)%
Aramark		(233	)		(7,927	)
Churchill Downs, Inc.		(58	)		(8,097	)
Dutch Bros, Inc. - Class A		(211	)		(8,735	)
Planet Fitness, Inc. - Class A		(102	)		(7,506	)
Restaurant Brands International, Inc.		(184	)		(12,948	)
Six Flags Entertainment Corp.		(211	)		(6,992	)
Vail Resorts, Inc.		(29	)		(5,224	)
					(57,429	)
Household Durables - (0.0)%(b)
Skyline Champion Corp.		(81	)		(5,488	)
Household Products - (0.1)%
Clorox Co.		(97	)		(13,238	)
Independent Power and Renewable Electricity Producers - (0.1)%
AES Corp.		(436	)		(7,661	)
Ormat Technologies, Inc.		(76	)		(5,449	)
					(13,110	)
Insurance - (0.1)%
Aon PLC - Class A		(39	)		(11,450	)
Arthur J. Gallagher & Co.		(52	)		(13,484	)
Ryan Specialty Holdings, Inc.		(119	)		(6,891	)
					(31,825	)
IT Services - (0.0)%(b)
MongoDB, Inc.		(37	)		(9,248	)
Life Sciences Tools & Services - (0.1)%
Bio-Techne Corp.		(84	)		(6,019	)
Illumina, Inc.		(98	)		(10,229	)
Repligen Corp.		(45	)		(5,673	)
Revvity, Inc.		(61	)		(6,396	)
					(28,317	)
Machinery - (0.1)%
Barnes Group, Inc.		(175	)		(7,247	)
Hillenbrand, Inc.		(134	)		(5,363	)
Toro Co.		(64	)		(5,984	)
Xylem, Inc./NY		(95	)		(12,885	)
					(31,479	)
Metals & Mining - (0.2)%
Alcoa Corp.		(152	)		(6,047	)
Franco-Nevada Corp.		(116	)		(13,748	)
MP Materials Corp.		(300	)		(3,819	)
Newmont Corp.		(360	)		(15,073	)
Teck Resources Ltd. - Class B		(299	)		(14,322	)
					(53,009	)
Oil, Gas & Consumable Fuels - (0.3)%
Chevron Corp.		(83	)		(12,983	)
EQT Corp.		(310	)		(11,464	)
New Fortress Energy, Inc.		(231	)		(5,077	)
Occidental Petroleum Corp.		(210	)		(13,236	)
Talos Energy, Inc.		(439	)		(5,334	)
Texas Pacific Land Corp.		(24	)		(17,623	)
					(65,717	)
Passenger Airlines - (0.1)%
Alaska Air Group, Inc.		(169	)		(6,828	)
Southwest Airlines Co.		(402	)		(11,501	)
					(18,329	)
Personal Care Products - (0.1)%
Estee Lauder Cos., Inc. - Class A		(58	)		(6,171	)
Kenvue, Inc.		(656	)		(11,926	)
					(18,097	)
Pharmaceuticals - (0.1)%
AstraZeneca PLC - ADR		(195	)		(15,208	)
Professional Services - (0.1)%
Dayforce, Inc.		(101	)		(5,010	)
Exponent, Inc.		(77	)		(7,324	)
Paylocity Holding Corp.		(28	)		(3,692	)
TransUnion		(97	)		(7,193	)
					(23,219	)
Real Estate Management & Development - (0.0)%(b)
Howard Hughes Holdings, Inc.		(82	)		(5,315	)
Semiconductors & Semiconductor Equipment - (0.2)%
Monolithic Power Systems, Inc.		(16	)		(13,147	)
Power Integrations, Inc.		(93	)		(6,528	)
Silicon Laboratories, Inc.		(46	)		(5,089	)
SiTime Corp.		(70	)		(8,706	)
Texas Instruments, Inc.		(91	)		(17,702	)
					(51,172	)
Software - (0.0)%(b)
Confluent, Inc. - Class A		(238	)		(7,028	)
Specialty Retail - (0.0)%(b)
Five Below, Inc.		(41	)		(4,468	)
TOTAL COMMON STOCKS (Proceeds $946,642)					(921,050	)
REAL ESTATE INVESTMENT TRUSTS - (0.0)%(b)
Rexford Industrial Realty, Inc.		(133	)		(5,931	)
TOTAL REAL ESTATE INVESTMENT TRUSTS (Proceeds $6,847)					(5,931	)
TOTAL SECURITIES SOLD SHORT - (11.9)% (Proceeds $2,439,340)				$	(2,522,208	)
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a)	Non-income producing security.
(b)	Represents less than 0.05% of net assets.

Summary of Fair Value Exposure at June 30, 2024 (Unaudited)

The Fund has adopted fair valuation accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value.  These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period.  These inputs are summarized in the following three levels:

Level 1 - Quoted prices in active markets for identical securities.

Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's net assets as of June 30, 2024:

Leuthold Global Fund

	Level 1			Level 2		Level 3			Total
Assets:
Investments:
Common Stocks	$	9,422,445		$	5,450,981	$	0	(a)(b)	$	14,873,426
Exchange Traded Funds		1,805,948			342,883		–			2,148,831
Corporate Bonds		–			497,058		–			497,058
U.S. Treasury Securities		–			491,652		–			491,652
Foreign Government Debt Obligations		–			442,811		–			442,811
Preferred Stocks		51,513			–		–			51,513
Money Market Funds		1,726,205			–		–			1,726,205
U.S. Treasury Bills		–			499,273		–			499,273
Total Investments	$	13,006,111		$	7,724,658	$	0	(a)(b)	$	20,730,769
Liabilities:
Investments:
Exchange Traded Funds	$	(1,595,227	)	$	–	$	–		$	(1,595,227	)
Common Stocks		(921,050	)		–		–			(921,050	)
Real Estate Investment Trusts		(5,931	)		–		–			(5,931	)
Total Investments	$	(2,522,208	)	$	–	$	–		$	(2,522,208	)
Refer to the Schedule of Investments for additional information.

(a)	Amount is less than $0.50.
(b)	Management has determined transfers into/out of level 3 and the value of level 3 investments at period end to be immaterial to the Fund.

Allocation of Portfolio Holdings by Country as of June 30, 2024
(% of Net Assets)
Country	Value		Percentage of Net Assets
Japan	$	1,733,060		8.2%
Germany		897,561		4.2
Canada		628,147		3.0
Switzerland		623,248		3.0
Australia		609,372		2.9
Netherlands		589,107		2.8
France		442,811		2.1
Bermuda		361,634		1.7
Taiwan, Province Of China		316,431		1.5
United Kingdom		291,795		1.4
Italy		288,676		1.4
Korea, Republic Of		284,497		1.3
China		242,515		1.1
Sweden		209,035		1.0
Thailand		206,072		1.0
Luxembourg		162,767		0.8
South Africa		152,084		0.7
Brazil		151,871		0.7
Malaysia		122,327		0.6
Spain		110,555		0.5
Ireland		100,244		0.5
Singapore		78,426		0.4
Denmark		77,876		0.4
Austria		73,560		0.3
Britain		35,993		0.2
United States		9,418,897		44.6
Other Assets in Excess of Liabilities		2,903,574		13.7
	$	21,112,135		100.0%

Allocation of Portfolio Holdings by Currency as of June 30, 2024
(% of Net Assets)
Currency	Value		Percentage of Net Assets
Euro	$	2,568,361		12.2%
Japanese Yen		1,612,797		7.6
Australian Dollar		609,372		2.9
Swiss Franc		424,266		2.0
Taiwan New Dollar		316,431		1.5
South Korean Won		284,497		1.3
Swedish Krona		209,035		1.0
Thai Baht		206,072		1.0
British Pound		191,965		0.9
Malaysian Ringgit		122,328		0.6
Canadian Dollar		116,038		0.5
South African Rand		84,841		0.4
Singapore Dollar		78,426		0.4
Danish Krone		77,876		0.4
Hong Kong Dollar		69,793		0.3
US Dollar		11,236,463		53.2
Other Assets in Excess of Liabilities		2,903,574		13.8
	$	21,112,135		100.0%