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La crisis del Estado en la Edad Posmoderna

Global Growth Fund Global Small Capitalization

Fund InternationalFund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $ — $ 607 $ 1,367 Forward currency Currency Receivables for closed forward currency contracts — — 7 Interest rate swaps Interest Net unrealized appreciation* — — — Credit default swaps Credit Net unrealized appreciation* — — — Futures contracts Equity Net unrealized appreciation* — — — Futures contracts Currency Net unrealized appreciation* — — — $ — $ 607 $ 1,374

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $ 590 $ 106 $ 950 Forward currency Currency Payables for closed forward currency contracts — 9 — Interest rate swaps Interest Net unrealized depreciation* — — — Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* — — — Futures contracts Currency Net unrealized depreciation* — — — $ 590 $ 115 $ 950

Net realized

gain Risk type Location on statements of operations

Forward currency Currency Net realized gain on forward currency contracts $ 2,184 $4,141 $ 3,508 Interest rate swaps Interest Net realized gain on interest rate swaps — — — Credit default swaps Credit Net realized gain on credit default swaps — — — Futures contracts Equity Net realized gain on futures contracts — — — Futures contracts Currency Net realized gain on futures contracts — — — $ 2,184 $4,141 $ 3,508

Net unrealized (depreciation)

appreciation Risk type Location on statements of operations

Forward currency Currency Net unrealized (depreciation) appreciation on forward currency

contracts $(1,958) $ 94 $(3,684) Interest rate swaps Interest Net unrealized appreciation on interest rate swaps — — — Credit default swaps Credit Net unrealized appreciation on credit default swaps — — — Futures contracts Equity Net unrealized appreciation on futures contracts — — — Futures contracts Currency Net unrealized appreciation on futures contracts — — — $(1,958) $ 94 $(3,684)

New World Fund Global Growth and Income Fund International Growth and Income Fund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $ 86 $ 133 $— Forward currency Currency Receivables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized appreciation* — — — Credit default swaps Credit Net unrealized appreciation* — — — Futures contracts Equity Net unrealized appreciation* — — — Futures contracts Currency Net unrealized appreciation* — — — $ 86 $ 133 $—

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $ 57 $ 75 $— Forward currency Currency Payables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized depreciation* — — — Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* — — — Futures contracts Currency Net unrealized depreciation* — — — $ 57 $ 75 $—

Net realized

gain Risk type Location on statements of operations

Forward currency Currency Net realized gain on forward currency contracts $2,386 $ 2,373 $9 Interest rate swaps Interest Net realized gain on interest rate swaps — — — Credit default swaps Credit Net realized gain on credit default swaps — — — Futures contracts Equity Net realized gain on futures contracts — — — Futures contracts Currency Net realized gain on futures contracts — — — $2,386 $ 2,373 $9

Net unrealized

depreciation Risk type Location on statements of operations

Forward currency Currency Net unrealized depreciation on forward currency contracts $ (537) $(1,206) $— Interest rate swaps Interest Net unrealized appreciation on interest rate swaps — — — Credit default swaps Credit Net unrealized appreciation on credit default swaps — — — Futures contracts Equity Net unrealized appreciation on futures contracts — — — Futures contracts Currency Net unrealized appreciation on futures contracts — — — $ (537) $(1,206) $— See end of tables for footnote.

Asset Allocation

Fund

Global Balanced

Fund BondFund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $ — $132 $ 178 Forward currency Currency Receivables for closed forward currency contracts — — 104 Interest rate swaps Interest Net unrealized appreciation* 1,558 — 13,978 Credit default swaps Credit Net unrealized appreciation* — — — Futures contracts Equity Net unrealized appreciation* — — — Futures contracts Currency Net unrealized appreciation* — — — $ 1,558 $132 $14,260

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $ — $ 68 $ 1,210 Forward currency Currency Payables for closed forward currency contracts — 1 — Interest rate swaps Interest Net unrealized depreciation* 6,310 — 12,141 Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* — — — Futures contracts Currency Net unrealized depreciation* — — — $ 6,310 $ 69 $13,351

Net realized

(loss) gain Risk type Location on statements of operations

Forward currency Currency Net realized (loss) gain on forward currency contracts $ — $ (5) $23,312 Interest rate swaps Interest Net realized (loss) gain on interest rate swaps (6,911) — 24,673 Credit default swaps Credit Net realized gain on credit default swaps — — — Futures contracts Equity Net realized gain on futures contracts — — — Futures contracts Currency Net realized gain on futures contracts — — — $(6,911) $ (5) $47,985

Net unrealized (depreciation)

appreciation Risk type Location on statements of operations

Forward currency Currency Net unrealized (depreciation) on forward currency contracts $ — $ (16) $ (5,894) Interest rate swaps Interest Net unrealized appreciation on interest rate swaps 4,375 — 9,298 Credit default swaps Credit Net unrealized appreciation on credit default swaps — — — Futures contracts Equity Net unrealized appreciation on futures contracts — — — Futures contracts Currency Net unrealized appreciation on futures contracts — — — $ 4,375 $ (16) $ 3,404

Global Bond Fund High- Income Bond

Fund MortgageFund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $4,136 $ 37 $ — Forward currency Currency Receivables for closed forward currency contracts 1,546 — — Interest rate swaps Interest Net unrealized appreciation* 713 3 2,821 Credit default swaps Credit Net unrealized appreciation* — 706 — Futures contracts Equity Net unrealized appreciation* — — — Futures contracts Currency Net unrealized appreciation* — — — $6,395 $ 746 $2,821

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $1,470 $ — $ — Forward currency Currency Payables for closed forward currency contracts 39 — — Interest rate swaps Interest Net unrealized depreciation* 648 277 1,666 Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* — — — Futures contracts Currency Net unrealized depreciation* — — — $2,157 $ 277 $1,666

Net realized

gain (loss) Risk type Location on statements of operations

Forward currency Currency Net realized gain on forward currency contracts $6,624 $1,167 $ — Interest rate swaps Interest Net realized gain on interest rate swaps 1,875 1,109 2,444 Credit default swaps Credit Net realized loss on credit default swaps — (679) — Futures contracts Equity Net realized gain on futures contracts — — — Futures contracts Currency Net realized gain on futures contracts — — — $8,499 $1,597 $2,444

Net unrealized appreciation

(depreciation) Risk type Location on statements of operations

Forward currency Currency Net unrealized appreciation (depreciation) on forward currency

contracts $1,831 $ (196) $ —

Interest rate swaps Interest Net unrealized appreciation (depreciation) on interest rate swaps 240 (274) 1,961 Credit default swaps Credit Net unrealized appreciation on credit default swaps — 706 — Futures contracts Equity Net unrealized appreciation on futures contracts — — — Futures contracts Currency Net unrealized appreciation on futures contracts — — — $2,071 $ 236 $1,961 See end of tables for footnote.

U.S. Government/ AAA-Rated Securities Fund Managed Risk Growth Fund Managed Risk International Fund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $ — $ — $ — Forward currency Currency Receivables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized appreciation* 27,879 — — Credit default swaps Credit Net unrealized appreciation* — — — Futures contracts Equity Net unrealized appreciation* — 38 101 Futures contracts Currency Net unrealized appreciation* — 34 118 $27,879 $ 72 $ 219

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $ — $ — $ — Forward currency Currency Payables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized depreciation* 26,651 — — Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* — 101 323 Futures contracts Currency Net unrealized depreciation* — 14 62 $26,651 $ 115 $ 385

Net realized

gain (loss) Risk type Location on statements of operations

Forward currency Currency Net realized gain on forward currency contracts $ — $ — $ — Interest rate swaps Interest Net realized gain on interest rate swaps 32,833 — — Credit default swaps Credit Net realized gain on credit default swaps — — — Futures contracts Equity Net realized loss on futures contracts — (6,558) (2,419) Futures contracts Currency Net realized gain on futures contracts — 203 1,131

$32,833 $(6,355) $(1,288)

Net unrealized appreciation

(depreciation) Risk type Location on statements of operations

Forward currency Currency Net unrealized appreciation on forward currency contracts $ — $ — $ — Interest rate swaps Interest Net unrealized appreciation on interest rate swaps 8,864 — — Credit default swaps Credit Net unrealized appreciation on credit default swaps — — — Futures contracts Equity Net unrealized appreciation (depreciation) on futures contracts — 397 (31) Futures contracts Currency Net unrealized (depreciation) appreciation on futures contracts — (2) 14

Managed Risk Blue Chip Income and Growth Fund Managed Risk Growth- Income Fund Managed Risk Asset Allocation Fund Assets Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized appreciation on open forward currency contracts $ — $ — $ — Forward currency Currency Receivables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized appreciation* — — — Credit default swaps Credit Net unrealized appreciation* — — — Futures contracts Equity Net unrealized appreciation* 5 9 39 Futures contracts Currency Net unrealized appreciation* 23 31 57 $ 28 $ 40 $ 96

Liabilities Risk type Location on statements of assets and liabilities

Forward currency Currency Unrealized depreciation on open forward currency contracts $ — $ — $ — Forward currency Currency Payables for closed forward currency contracts — — — Interest rate swaps Interest Net unrealized depreciation* — — — Credit default swaps Credit Net unrealized depreciation* — — — Futures contracts Equity Net unrealized depreciation* 98 160 1,613 Futures contracts Currency Net unrealized depreciation* 1 6 9 $ 99 $ 166 $ 1,622

Net realized

(loss) gain Risk type Location on statements of operations

Forward currency Currency Net realized gain on forward currency contracts $ — $ — $ — Interest rate swaps Interest Net realized gain on interest rate swaps — — — Credit default swaps Credit Net realized gain on credit default swaps — — — Futures contracts Equity Net realized loss on futures contracts (5,774) (4,829) (44,808) Futures contracts Currency Net realized gain on futures contracts 123 133 444

$(5,651) $(4,696) $(44,364)

Net unrealized appreciation

(depreciation) Risk type Location on statements of operations

Forward currency Currency Net unrealized appreciation on forward currency contracts $ — $ — $ — Interest rate swaps Interest Net unrealized appreciation on interest rate swaps — — — Credit default swaps Credit Net unrealized appreciation on credit default swaps — — — Futures contracts Equity Net unrealized appreciation (depreciation) on futures contracts 33 53 (1,574) Futures contracts Currency Net unrealized appreciation on futures contracts 17 13 48

$ 50 $ 66 $ (1,526) *Includes cumulative appreciation/depreciation on interest rate swaps, credit default swaps and/or futures contracts as reported in the applicable table(s)

Collateral — Funds that invest in forward currency contracts, interest rate swaps, credit default swaps, futures and/or future delivery