| Stock | 99.93% |
| Cash | 0.05% |
| Other* | 0.02% |
*May include dividends booked but not yet received.
Holdings Detailas of 2/1/2012 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| UNP | UNION PACIFIC CORP | 12.29 | $55,678,796 | US9078181081 | XNYS | Railroads | 1.00 |
| FDX | FEDEX CORP | 9.44 | $42,757,875 | US31428X1063 | XNYS | Delivery Services | 1.00 |
| ALK | ALASKA AIR GROUP INC | 8.27 | $37,452,946 | US0116591092 | XNYS | Airlines | 1.00 |
| UPS | UNITED PARCEL SERVICE-CL B | 7.94 | $35,942,330 | US9113121068 | XNYS | Delivery Services | 1.00 |
| NSC | NORFOLK SOUTHERN CORP | 7.78 | $35,221,309 | US6558441084 | XNYS | Railroads | 1.00 |
| CHRW | C.H. ROBINSON WORLDWIDE INC | 6.68 | $30,235,059 | US12541W2098 | XNGS | Trucking | 1.00 |
| LSTR | LANDSTAR SYSTEM INC | 5.30 | $23,987,445 | US5150981018 | XNGS | Trucking | 1.00 |
| JBHT | HUNT (JB) TRANSPRT SVCS INC | 5.28 | $23,902,641 | US4456581077 | XNGS | Trucking | 1.00 |
| R | RYDER SYSTEM INC | 5.24 | $23,727,809 | US7835491082 | XNYS | Transportation Services | 1.00 |
| KSU | KANSAS CITY SOUTHERN | 5.14 | $23,272,515 | US4851703029 | XNYS | Railroads | 1.00 |
| ALEX | ALEXANDER & BALDWIN INC | 5.12 | $23,196,713 | US0144821032 | XNYS | Marine Transportation | 1.00 |
| GMT | GATX CORP | 4.59 | $20,776,415 | US3614481030 | XNYS | Commercial Vehicles & Trucks | 1.00 |
| EXPD | EXPEDITORS INTL WASH INC | 4.49 | $20,349,070 | US3021301094 | XNGS | Delivery Services | 1.00 |
| CNW | CON-WAY INC | 3.28 | $14,861,383 | US2059441012 | XNYS | Trucking | 1.00 |
| CSX | CSX CORP | 2.47 | $11,173,404 | US1264081035 | XNYS | Railroads | 1.00 |
| UAL | UNITED CONTINENTAL HOLDINGS | 2.41 | $10,912,855 | US9100471096 | XNYS | Airlines | 1.00 |
| OSG | OVERSEAS SHIPHOLDING GROUP | 1.27 | $5,739,257 | US6903681053 | XNYS | Marine Transportation | 1.00 |
| DAL | DELTA AIR LINES INC | 1.21 | $5,476,640 | US2473617023 | XNYS | Airlines | 1.00 |
| LUV | SOUTHWEST AIRLINES CO | 1.05 | $4,739,211 | US8447411088 | XNYS | Airlines | 1.00 |
| JBLU | JETBLUE AIRWAYS CORP | 0.71 | $3,216,663 | US4771431016 | XNGS | Airlines | 1.00 |
| -- | BLACKROCK FDS III | 0.05 | $230,013 | -- | S-T Securities | 1.00 |
