U.S. GOVERNMENT SECURITIES FUND
Portfolio of Investments (Unaudited)
5/31/2021
Security Description | Par Value | Value | ||||||
Government National Mortgage Association (2.57%) | ||||||||
3.500% 11/20/2044 | $ | 174,001 | $ | 186,649 | ||||
5.000% 03/15/2038 | 87,300 | 99,948 | ||||||
5.500% 01/15/2025 | 18,970 | 21,087 | ||||||
5.500% 04/15/2036 | 83,817 | 96,830 | ||||||
6.000% 01/15/2026 | 60,353 | 68,640 | ||||||
6.000% 06/15/2038 | 33,284 | 39,651 | ||||||
Total Government National Mortgage Association (Cost $463,742) | 512,805 | |||||||
United States Treasury Bonds (11.21%) | ||||||||
5.000% 05/15/2037 | 500,000 | 712,686 | ||||||
6.000% 02/15/2026 | 800,000 | 995,625 | ||||||
6.375% 08/15/2027 | 400,000 | 528,391 | ||||||
Total United States Treasury Bonds (Cost $2,032,243) | 2,236,702 | |||||||
United States Treasury Notes (85.40%) | ||||||||
0.375% 03/31/2022 | 2,200,000 | 2,336,727 | ||||||
0.375% 03/31/2023 | 500,000 | 501,290 | ||||||
2.000% 02/15/2022 | 1,200,000 | 1,205,238 | ||||||
2.125% 08/15/2021 | 500,000 | 536,895 | ||||||
2.125% 02/29/2024 | 2,600,000 | 2,733,453 | ||||||
2.125% 05/15/2025 | 1,300,000 | 1,366,727 | ||||||
2.250% 08/15/2027 | 3,800,000 | 4,065,703 | ||||||
2.500% 08/15/2023 | 2,900,000 | 2,940,205 | ||||||
3.125% 11/15/2028 | 1,200,000 | 1,353,773 | ||||||
Total United States Treasury Notes (Cost $16,509,782) | 17,040,011 | |||||||
Total Investments (Cost $19,005,767)(a) (99.18%) | $ | 19,789,518 | ||||||
Other Net Assets (0.82%) | 163,806 | |||||||
Net Assets (100.00%) | $ | 19,953,324 |
(a) | Aggregate cost for federal income tax purposes is $19,006,527. |
At May 31, 2021, unrealized appreciation/(depreciation) of securities for federal income tax purposes is as follows:
Unrealized appreciation | $ | 783,751 | ||
Unrealized depreciation | (760 | ) | ||
Net unrealized appreciation | $ | 782,991 |
Because tax adjustments are calculated annually, the above tax figures reflect the tax adjustments outstanding at the Fund's previous fiscal year end. For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent semi-annual and annual reports.