SEC Filing - United Airlines Holdings, Inc.

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Form 11-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

x	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2009

¨	TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-06033

A.	Full title of the plan and the address of the plan, if different from that of the issuer named below:

United Airlines Pilot Directed Account Plan

Benefits Administration – OPCHR

United Air Lines, Inc.

P.O. Box 66100

Chicago, IL 60666

B.	Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

UAL Corporation

77 W. Wacker Drive

Chicago, Illinois 60601

(312) 997-8000

UNITED AIRLINES PILOT DIRECTED ACCOUNT PLAN

TABLE OF CONTENTS


		Page

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		1

FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits as of December 31, 2009 and 2008		2
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2009		3
Notes to Financial Statements as of December 31, 2009 and 2008, and for the Year Ended December 31, 2009		4–14

SUPPLEMENTAL SCHEDULES:		15
Form 5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Acquired and Disposed of Within the Plan Year)		16
Form 5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Held at End of Year) as of December 31, 2009		26

SIGNATURE

EXHIBIT

The following exhibit is filed herewith:

Exhibit 23 Consent of Independent Registered Public Accounting Firm

NOTE:

All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and

Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Trustees and Participants of the

United Airlines Pilot Directed Account Plan

We have audited the accompanying statements of net assets available for benefits of the United Airlines Pilot Directed Account Plan (the “Plan”), as of December 31, 2009 and 2008, and the related statement of changes in net assets available for benefits for the year ended December 31, 2009. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2009 and 2008, and the changes in net assets available for benefits for the year ended December 31, 2009 in conformity with accounting principles generally accepted in the United States of America.

Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedules of (1) assets (acquired and disposed of within the plan year) for the year ended December 31, 2009 and (2) assets (held at end of year) as of December 31, 2009, are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan’s management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 2009 financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

/s/ Deloitte & Touche LLP

Chicago, Illinois

June 25, 2010

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UNITED AIRLINES PILOT DIRECTED ACCOUNT PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2009 AND 2008

(In millions)


	2009			2008
ASSETS:
Participant-directed investments, at fair value (Notes 3 and 9)	$	2,828		$	2,346
Contributions receivable		12			13
Pending trade receivables—net		6			—
Accrued income—net		3			4
Collateral received for securities loaned (Note 3)		—			85


Total assets		2,849			2,448


LIABILITIES:
Pending trade payables—net		—			(31	)
Other liability		(2	)		—
Obligation for collateral received for securities loaned (Note 3)		—			(86	)


Total liabilities		(2	)		(117	)


NET ASSETS AVAILABLE FOR BENEFITS	$	2,847		$	2,331

See notes to financial statements.

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UNITED AIRLINES PILOT DIRECTED ACCOUNT PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2009

(In millions)


ADDITIONS:
Contributions:
Employer contributions	$	135
Participant contributions		41

Total contributions		176

Investment income:
Net appreciation in fair value of investments		408
Dividends and interest		27
Other income		10

Net investment income		445

Total additions		621


DEDUCTIONS:
Benefits paid to participants		(95	)
Administrative expenses		(10	)


Total deductions		(105	)


INCREASE IN NET ASSETS		516

NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year		2,331


End of year	$	2,847

See notes to financial statements.

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UNITED AIRLINES PILOT DIRECTED ACCOUNT PLAN

NOTES TO FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2009 AND 2008, AND FOR THE YEAR ENDED DECEMBER 31, 2009

1.	DESCRIPTION OF PLAN

The following description of the United Airlines Pilot Directed Account Plan (the “Plan”) is for general information purposes only. Participants should refer to the Plan document for more complete information.

General and Plan Participants—The Plan is a defined contribution plan covering all employees of United Air Lines, Inc. (“United” or the “Company”) who are represented by the Air Line Pilots Association, International (“ALPA”). United pilots are eligible to become participants in the Plan on their date of hire. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Trustee and Record Keeper—The Russell Trust Company (“Russell” or “Trustee”) serves as Plan Trustee. Per the United Airlines, Inc. Pilots’ Directed Account Plan Trust Agreement, Russell is responsible for many aspects of the trust, including administration and the management and custody of all Plan assets. As approved by the Retirement and Welfare Administration Committee appointed by the Board of Directors of the Company, Russell has hired The Northern Trust Company to serve as sub-custodian of the Plan and Hewitt & Associates to serve as the subagent performing the participant recordkeeping functions.

Contributions—There are several types of contributions that may be made to the Plan on participants’ behalf:

•

Company Contributions: The Company contributes to the Plan an amount equal to 16% of participant eligible earnings. Company contributions on behalf of a participant are allocated directly to each participant’s account. The participant is not required to contribute to the Plan to receive this direct employer contribution.

•

Employee contributions: Eligible employees may elect to contribute to the Plan in any whole percentage from 1% to 60% of eligible earnings. Eligible employees may also make a supplemental election to contribute an additional pretax contribution in an amount equal to 1% to 90% of their net pretax pay. Section 402(g) of the Internal Revenue Code (“IRC”) limits the amount of pretax 401(k) contributions to a maximum of $16,500 in 2009. Lower limits may apply to certain highly compensated participants if the Plan does not pass certain nondiscrimination tests required by law. Eligible employees may also elect to make voluntary after-tax contributions to the Plan from 1% to 60% of the participant’s earnings (as defined by the Plan) for each pay period only after making the maximum pretax contribution. Section 415(c) of the IRC limits the total amount of contributions to all qualified defined contribution retirement plans to the lesser of 100% of annual taxable earnings or $49,000.

- 4 -

•

Voluntary pretax catch-up contributions: Participants age 50 or older at any time during the Plan year can make additional pretax catch-up contributions to the Plan. This catch-up contribution is available only to the extent the participant has contributed the maximum amount of 401(k) contributions permitted under the Plan and the participant has not exceeded the annual catch-up contribution limit. For calendar year 2009, the maximum amount is $5,500.

•

Rollover Contributions—Participants may elect to roll over money into the Plan from certain other qualified employer plans or qualified IRA. The Plan will not accept a rollover of after-tax contributions. Rollover contributions for the year ended December 31, 2009, include $216,393, which were transferred from other qualified plans as rollovers under the IRC Sections 402(c) and 408(d).

Participant Accounts—Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the contributions, and Plan earnings, and charged with withdrawals and an allocation of Plan losses and administrative expenses. Allocations are based on account balances, as defined by the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Investments—Participants direct the investment of their contributions and account balances in 1% increments into the following various investment options offered by the Plan:

•

Money Market Fund

•

Short-Term Bond Fund

•

Diversified Bond Fund

•

Value Equity Fund

•

Growth Equity Fund

•

Small Cap Equity Fund

•

International Equity Fund

•

S&P 500 Index Fund

•

AutoPDAP Funds, which are funds that are invested in a diversified portfolio of underlying stock and bond funds strategically mixed for investors based on their estimated retirement date.

•

Individual Brokerage Account (IBA)—Subject to a number of conditions and restrictions, this option allows participants to select from a wide range of investments, including UAL common stock, which are made available through the Charles Schwab and Co., Inc. individual brokerage account network.

Vesting—Participants are vested immediately in their contributions and the Company’s contributions, plus actual earnings thereon, and the balance of a participant’s account is nonforfeitable at all times. Accordingly, there are no forfeitures under the Plan.

Participant Loans—Active employees- receiving regular pay from the Company- may borrow from their fund accounts. A loan may not exceed $50,000 minus their highest outstanding loan balance over the last 12 months or one-half of their PDAP account balance, whichever is less. The minimum that may be borrowed is $1,000. Loans will be funded by a pro rata transfer from the assets of the account invested in the investment funds (excluding Individual Brokerage Account). The loan is secured by the participant’s account balance, and is generally repaid through payroll deductions on an after-tax basis for the term of the loan, which is a maximum of 60 months. The term of the loan may be extended to a period up to 15 years if the loan is used to acquire a principal residence. Loans are subject to an annual interest rate at one percent above the prime rate listed in the Wall Street Journal on the business day preceding the effective date of the participant request (interest rates ranged from 4.25% to 10.5% at December 31, 2009). Participants may only have one loan outstanding at any time. Participants are eligible to request a new loan 30 days after full repayment of a prior loan. An administrative fee of $90 is charged to each participant taking a loan and is automatically deducted from the participant’s account and added to the loan amount.

- 5 -

Payment of Benefits—Withdrawals from the Plan may be made as follows, as applicable to the participant’s eligibility, amount requested, and existing balances:

•

Participants who have separated from service (for reasons other than death) may elect payment in the form of a lump sum, periodic distributions, irregular partial distributions, or in the form of a fixed or variable annuity. All or a portion of the amount of the distribution may be excluded from income by a direct roll over into an Individual Retirement Account, qualified plan, an annuity contract or annuity plan under Section 403, and certain governmental plans under Section 457. However, distributions required under the minimum distribution rules, a hardship distribution from pretax contributions, or periodic payments in substantially equal amounts over the life, life expectancy or period of 10 years and more are not eligible for rollover distributions. Participants must begin to receive plan benefits not later than April 1^st of the year following the year in which they reach age 70¹/2. At a minimum, they must draw benefits in annual installments at least equal to the minimum required by law.

•

Distributions of accounts due to the death of a participant may be taken by the participant’s beneficiaries in any one, or any combination of forms, and in any proportions, as are made available to participant upon retirement or termination of employment. The participant’s surviving spouse, if any, is automatically the beneficiary of at least half of the account. The surviving spouse may elect to defer distribution until participant would have attained age 70 ¹/2 or may elect an earlier distribution. Any designated beneficiary who is not the participant’s surviving spouse may elect a direct trustee-to-trustee transfer of eligible distributions.

•

In-service withdrawals for participants who are actively employed or are absent due to reasons of illness (other than grounded status), or approved leave of absence and maintain an employer-employee relationship with the Company are permitted as follows:

•

Discretionary withdrawals of after-tax contributions and earnings

•

Hardship withdrawals of pretax 401(k) contributions, subject to restrictions described in the Plan

•

After reaching age 59¹/2, rollover contributions (as adjusted for earnings and losses) may be withdrawn at any time. After rollover contributions are depleted, pretax contributions (but no earnings) can be withdrawn.

Generally, withdrawals are allocated pro rata to the balances of each of the investment funds in the participant’s account.

2.	SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting—The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of net assets available for benefits and changes therein.

- 6 -

Actual results could differ from those estimates. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

New Accounting Pronouncements—In 2009, the FASB issued additional guidance for determining fair value when the volume and level of activity for the asset or liability have significantly decreased and identifying transactions that are not considered orderly. In addition, the FASB provided guidance on measuring the fair value of certain investments in entities that calculate net asset value per share. The FASB also issued guidance requiring disclosure of changes in valuation techniques, if any, and required expanded disclosure for certain types of investments. The new guidance also requires disclosure of information such as investment objectives and redemption requirements for certain investments in entities that calculate net asset value per share. The Plan’s disclosures for the 2009 period reflect the prospective adoption of this guidance.

In August 2009, the FASB issued guidance addressing the measurement of liabilities when a quoted price in an active market for an identical liability is not available and clarifies that a reporting entity should not make an adjustment to fair value for a restriction that prevents the transfer of the liability. The additional guidance will be effective for financial statements issued for the first reporting period beginning after issuance of the guidance. The Plan has not determined the impact of adoption of this guidance on its financial statements.

In January 2010, the FASB released accounting guidance that requires new fair value measurement classification disclosures and clarifies existing disclosures. The guidance requires disclosures about transfers into and out of Levels 1 and 2 of the fair value hierarchy, and separate disclosures about purchases, sales, issuances and settlements relating to Level 3 measurements. It also clarifies the existing fair value disclosures regarding valuation techniques, inputs used in those valuation models and at what level of detail fair value disclosures should be provided. The guidance is effective for interim and annual reporting periods beginning after December 15, 2009, except for the disaggregation of the Level 3 activity, which is effective for interim and annual periods beginning after December 15, 2010. The Plan has not determined the impact of adoption of this guidance on its financial statements.

Investment Valuation and Income Recognition—The Plan’s investments are reported at fair value (See Note 8 “Fair Value Measurements”). The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price).

The pending trade receivables (payables) are recorded net of related (payables) receivables and represent net amounts due from to investment managers arising from security trading activities settled subsequent to year-end.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Net Appreciation in Value of Investments—Net appreciation in value of investments includes realized and unrealized gains and losses. Realized and unrealized gains and losses are calculated as the difference between fair value at January 1, or date of purchase if subsequent to January 1, and fair value at date of sale or the current year-end. The unrealized gain or loss on investments in the International Equity Fund represents the difference between fair value at January 1, or date of purchase, and the fair value at the date of sale or the current year-end plus, where applicable, the change in the exchange rate between the U.S. dollar and the foreign currency in which the assets are denominated from January 1, or the date of purchase, to the date of sale or the current year-end.

- 7 -

Administrative and Investment Management Expenses—Management and audit fees, which are paid by the Plan, are paid to the trustee based upon investment fund balances. Brokerage and other investment fees are included as an addition to the net appreciation in fair value of investments. United performs certain administrative functions for the Plan without charge.

Payment of Benefits—Benefit payments to participants are recorded upon distribution. Amounts relating to participants who have elected to withdraw from the Plan but have not yet been paid were $713,556 and $293,262 at December 31, 2009 and 2008, respectively.

- 8 -

3.	INVESTMENTS

The Plan’s investments that represented 5% or more of the Plan’s net assets available for benefits as of December 31, 2009 and 2008, are as follows (in millions):


	2009		2008
Frank Russell Short-Term Investment Fund	$	449	$	523
Schwab Money Market Fund		185		233

During the year ended December 31, 2009, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows (in millions):


Cash and cash equivalents	$	(1	)
Equity securities		369
Corporate and international bonds		18
Government securities and other fixed income instruments		20
Net gain on in-kind Schwab IBA benefit distributions		2


Total	$	408

Prior to October 30, 2009, the Trustee was authorized to engage in the lending of certain Trust assets. Securities lending was an investment management strategy that utilized the existing securities (government bonds, corporate bonds, or equities) of the Trust to earn additional income ($464,960 and $1,566,277 in 2009 and 2008, respectively). It involved the loaning of securities by the Lending Agent (The Northern Trust Company) to a select group of approved broker-dealers. In return for the loaned securities, the Lending Agent simultaneously receives collateral from a borrower (such as in the form of cash, U.S. government securities and irrevocable bank letters of credit) as a precaution against possible default of any borrower on the return of the loan. Each loan was collateralized to the extent of 102% for domestic securities and 105% for international securities of the fair value of the loan (including any accrued interest if appropriate to particular securities). The collateral was marked-to-market on a daily basis to maintain the margin requirement. Effective October 30, 2009, the Trust withdrew from the securities lending program.

Plan assets are invested by a group of investment managers. The investment managers buy or sell securities on behalf of the Plan, in accordance with the investment objectives and guidelines established for each of the investment funds.

- 9 -

As of December 31, 2009, the investment managers were as follows:


Money Market Fund	—	Russell Trust Company

Short Term Bond Fund	—	Pacific Investment Management Company, LLC

Diversified Bond Fund	—	Western Asset Management Company
	—	Pacific Investment Management Company, LLC
	—	Russell Trust Company

International Equity Fund	—	Arrowstreet Capital, LP
	—	Marsico Capital Management, LLC
	—	MFS Institutional Advisors, Inc.
	—	AllianceBernstein, LP
	—	RTC Emerging Markets Fund
	—	Russell Trust Company

Value Equity Fund	—	Dodge & Cox Incorporated
	—	Jacobs Levy Equity Management, Inc.
	—	MFS Institutional Advisors, Inc.
	—	Deprince, Race & Zollo, Inc.
	—	JS Asset Management
	—	Russell Trust Company

Growth Equity Fund	—	BlackRock Financial Management
	—	Cornerstone Capital Management, Inc.
	—	Suffolk Capital Management, LLC
	—	Sustainable Growth Advisers, LP
	—	Russell Trust Company

Small Cap Equity Fund	—	ClariVest Asset Management, LLC
	—	Copper Rock Capital Partners, LLC
	—	Delaware Investment Advisers
	—	Jacobs Levy Equity Management, Inc.
	—	Opus Capital Management
	—	Signia Capital Management, LLC
	—	Turner Investment Partners, Inc.
	—	Russell Trust Company

S&P 500 Index Fund	—	PanAgora Asset Management, Inc.
	—	Russell Trust Company

Individual Brokerage Account Option	—	Self-directed account with Charles Schwab

- 10 -

4.	DERIVATIVE FINANCIAL INSTRUMENTS

The Plan allows certain investment managers to reduce the funds’ exposure to foreign currency fluctuations through the use of foreign currency forwards and options. The Plan authorizes certain investment managers to earn equity returns on the funds’ cash position through equity index future contracts. Additionally, other investment managers use interest rate futures and money market futures to replicate government bond positions and manage interest rate exposure. Credit default swaps may be used by investment managers to effectively increase or decrease their exposure to individual corporate bond issues or baskets of corporate bond issues. They may also be used to effectively replicate corporate bond positions and manage overall credit risk. The Plan prohibits investment managers from being a party to any leveraged derivatives. All derivative positions are stated at fair value as determined by exchange quoted market prices or through other valuation techniques. The Plan’s derivative positions as of December 31, 2009 were not material.

5.	EXEMPT PARTY-IN-INTEREST TRANSACTIONS

The Plan holds investments managed by Russell. Russell is the trustee as defined by the Plan, and, therefore, these transactions qualify as party-in-interest transactions. Total fees and commissions paid by the Plan to Russell for plan year 2009 totaled $9,457,955.

The Plan invests in shares of UAL common stock. UAL is the parent company of United and, as such, investment activity related to UAL common stock qualifies as exempt party-in-interest transactions.

6.	PLAN TERMINATION

The Company expects to continue the plan indefinitely, but reserves the right to terminate the Plan, in whole or in part, provided that Plan termination is effected by a written resolution adopted by a majority of the Board of Directors of the Company subject to the provisions set forth in ERISA and the currently effective collective bargaining agreement with ALPA. If the Plan is terminated, employer contributions would cease and all amounts credited to a participant’s account at the time of termination shall be retained in the Plan and will be distributed in accordance with ERISA and the normal distribution rules of the Plan.

7.	FEDERAL INCOME TAX STATUS

The IRS has determined and informed the Company by a letter, dated March 31, 2009, that the Plan and related trust were designed in accordance with applicable regulations of the Internal Revenue Code. United and Plan management believe the Plan is currently designed and operated in accordance with applicable requirements of the Internal Revenue Code, and the Plan and related trust continue to be tax exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

- 11 -

8.	FAIR VALUE MEASUREMENTS

Effective January 1, 2008, the Plan adopted FASB ASC Topic 820, Fair Value Measurements (“ASC 820”), which establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:


Level 1		Quoted market prices in active markets for identical assets that are accessible at the measurement date.

Level 2		Quoted market prices of identical assets in inactive markets or similar assets in active markets; and observable or correlated inputs for the asset (e.g., interest rates and yield curves observable at commonly quoted intervals).

Level 3		Unobservable inputs that reflect the reporting entity’s own assumptions about inputs used by market participants in pricing assets or liabilities.

Mutual funds and collective trusts represent investments with various investment managers. The respective fair values of these investments are determined by reference to the funds’ underlying assets, which are principally marketable equity and fixed income securities. Shares held in mutual funds are valued at the closing share price, which is based on the funds’ net asset value at year-end. Units held in collective trusts are valued at the unit value as reported by the investment managers at year-end.

Participant loans are valued at cost, which approximates fair value.

Investments in Individual Brokerage Accounts and the UAL Stock Fund are described below:

Cash and short-term investments include cash and short-term interest-bearing investments with initial maturities of three months or less. Such amounts are recorded at cost, plus accrued interest, which approximates market value.

Common stock, preferred stock, and fixed income securities traded in active markets on national and international securities exchanges are valued at closing prices on the last business day of each period presented. Fixed income securities classified as level 2 are valued based on quoted prices in inactive markets.

The following tables presents the Trust’s investment assets and liabilities at fair value categorized in the different levels, as of December 31, 2009 and 2008. As required by ASC 820, assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.


	Investment Assets at Fair Value as of December 31, 2009
*(In millions)*	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents—net of offsets	$	37	$	12		$	—	$	49
Common Collective Trusts—Bond Funds		—		151	(a)		—		151
Common Collective Trusts—Equity Funds		—		95	(b)		—		95
Common Collective Trusts—Short Term Funds		—		702	(c)		—		702
Corporate and International Bonds		—		58			—		58
Equity Securities—Common Stock (large cap)		743		1			—		744
Equity Securities—Common Stock (mid cap)		275		1			—		276
Equity Securities—Common Stock (small cap)		138		7			—		145
Equity Securities—Other		22		12			1		35
Fixed Income—Asset-backed Securities		—		51			—		51
Fixed Income—Government Securities		—		25			1		26
Mutual Funds—Bonds Funds		87		9			—		96
Mutual Funds—Equity Funds		328		—			—		328
Other		5		32			6		43
Participant Loans		—		—			29		29

Total investment assets at fair value	$	1,635	$	1,156		$	37	$	2,828

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(a) Generally, the investment objective is to utilize longer-term, diversified holdings to provide as high a level of current income as possible within the confines of a passive management strategy. The redemption of units is available on any business day

(b) Generally, the investment objective is to provide current income and growth by focusing on a specific industry or index of equities while minimizing portfolio risk exposure. The redemption of units is available on any business day.

(c) Generally, the investment objective is to provide the highest current income with stability of capital and liquidity through the utilization of high quality securities. The redemption of units is available on any business day.


	Investment Assets and Liabilities at Fair Value as of December 31, 2008
*(In millions)*	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	29	$	10	$	—	$	39
Mutual funds		221		—		—		221
Common collective trusts		—		999		—		999
Equity securities		825		6		—		831
Asset-backed securities		—		15		1		16
Corporate and international bonds		—		51		—		51
Government securities and other fixed income		—		70		1		71
Other		—		10		1		11
Participant loans		—		—		23		23
Securities on loan:
Equity securities		81		—		—		81
Corporate and international bonds		—		1		—		1
Government securities and other fixed income		—		2		—		2

Total investment assets at fair value	$	1,156	$	1,164	$	26	$	2,346


Liabilities:
Obligation to return collateral:
Cash and cash equivalents	$	86	$	—	$	—	$	86

Total investment liabilities at fair value	$	86	$	—	$	—	$	86

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Level 3 Gains and Losses

The table below summarizes the changes in the fair value of the Trust’s level 3 investment assets for the year ended December 31, 2009.


*(In millions)*	Equity Securities- Other		Fixed Income- Asset-Backed Securities			Fixed Income- Government securities		Other		Participant Loans		Total
Fair value balance, January 1, 2009	$	—	$	1		$	1	$	1	$	23	$	26
Realized and unrealized gains / (losses)		1		—			—		—		—		1
Purchases, issuances and settlements		—		(1	)		—		5		6		10

Fair value balance, December 31, 2009	$	1	$	—		$	1	$	6	$	29	$	37

The amount of total gains or losses for the period included in net appreciation in value of the Plan’s investments attributable to the change in unrealized gains or losses relating to assets still held at the reporting date.	$	—	$	—		$	—	$	—	$	—	$	—

Note: This table was derived under the election to treat both transfers in and transfers out as having occurred at the end of the period.

9.	PLAN AMENDMENTS

During 2009, certain distribution guidelines under the Plan were amended. Participants should refer to the Plan document for information on distribution guidelines.

* * * * * *

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SUPPLEMENTAL SCHEDULES

- 15 -

United Airlines Pilot Directed Account Plan

Schedule H, line 4i-Schedule of Assets (Acquired and Disposed of Within Year)


Asset Description	Acquisition Cost			Disposition Proceeds
MORG STAN SR NT FLTG RATE LKD TO USD LIB& S&P 500 INDEX RANGE DUE 3-26-2029	$	(174,777.62	)	$	142,339.90
INCREDIMAIL LTD	$	(15,425.03	)	$	14,435.95
OPAP(ORG OF FOOTB) EUR0.30 (CR)	$	(47,227.48	)	$	44,434.90
COMMONWEALTH BANK OF AUSTRALIA NPV	$	(224,198.67	)	$	320,451.58
COMPUTERSHARE LTD NPV(POST REC)	$	(125,528.35	)	$	171,997.68
QANTAS AIRWAYS NPV	$	(75,502.95	)	$	40,867.51
GPT GROUP NPV (STAPLED SECURITIES)	$	(65,929.92	)	$	43,991.59
CP ALL PCL THB1(LOCAL)	$	(103,736.58	)		—
NATL PORTEFEUILLE NPV	$	(104,120.98	)	$	111,324.24
GESTEVIS TELECINCO EUR0.5	$	(97,829.69	)	$	147,959.51
HOCHTIEF AG NPV	$	(208,431.28	)	$	307,789.60
CNP ASSURANCES EUR4	$	(181,316.80	)	$	221,145.82
NATIXIS EUR1.6(POST SUBDV)	$	(132,956.26	)	$	164,433.63
PAGESJAUNES GROUPE EUR0.20	$	(163,315.38	)	$	198,673.38
PPR EUR4	$	(81,683.36	)	$	84,523.90
SAFRAN SA EUR0.20	$	(141,624.90	)	$	123,854.96
STMICROELECTRONICS EUR1.04	$	(137,041.39	)	$	196,622.94
OUTOKUMPU OYJ SER’A’NPV	$	(116,374.69	)	$	130,653.88
CRH ORD EUR0.32(DUBLIN LISTING)	$	(14,242.82	)	$	232,398.33
AKBANK TRY1	$	(131,085.81	)	$	134,968.81
ASSIC GENERALI SPA EUR1	$	(132,944.14	)	$	130,668.06
AUTOGRILL SPA EUR0.52	$	(109,999.88	)	$	207,852.21
BCA POP DI MILANO EUR4.00	$	(68,491.09	)	$	92,428.69
INTESA SANPAOLO DI RISP EUR0.52(NON CNV)	$	(60,691.83	)	$	78,662.68

PIRELLI & C EUR0.29	$	(122,544.01	)	$	164,795.88
UNIONE DI BANCHE I EUR2.50	$	(69,697.42	)	$	93,474.57
ABSA GROUP ZAR2	$	(121,501.30	)	$	169,402.57
AFRICAN BANK INV ZAR0.025	$	(66,575.04	)	$	68,576.84
INVESTEC LIMITED ZAR0.0002	$	(42,351.67	)	$	61,070.43

Page 1


Asset Description	Acquisition Cost			Disposition Proceeds
REMGRO ZAR0.01	$	(83,605.57	)	$	114,413.50
RELIANCE INDS GDR REP 2 ORD INR10 (144A)	$	(37,284.18	)		—

CARNIVAL PLC ORD USD1.66	$	(59,658.03	)	$	74,654.12
CRH ORD EUR0.32	$	(201,861.01	)		—
KAZAKHMYS ORD GBP0.20	$	(105,817.92	)	$	363,997.57
PRUDENTIAL ORD GBP0.05	$	(271,320.29	)	$	382,576.67
THOMSON-REUTERS PL ORD GBP0.25	$	(76,692.56	)		—
VEDANTA RESOURCES ORD USD0.10	$	(77,048.06	)	$	175,481.84
WOLSELEY ORD GBP0.25	$	(99,486.33	)	$	147,037.62
BERKLEY GP HOLDINGS	$	(84,944.05	)	$	84,937.90
PVTPL RELIANCE INDS GDS(REP 2 ORD INR10)144 A	$	(394,002.39	)		—
CITIGROUP INC CITIGROUP 5.25 02/27/2012 5.25% DUE 02-27-2012	$	(4,609.20	)	$	4,827.15
ARCELORMITTAL NPV	$	(140,207.82	)	$	667,783.86
KONINKLIJKE KPN	$	(95,145.88	)	$	100,950.16
ROHM CO LTD NPV	$	(130,708.24	)	$	172,441.78
SINGAPORE PETROLEUM CO COM STK	$	(10,904.59	)	$	26,980.36
##CELSIUS HLDGS INC COM	$	(18,666.20	)	$	19,692.72
ADVANCED LIFE SCIENCES HLDGS INC COM STK	$	(29,208.95	)	$	9,990.79
AMBIENT CORP COM	$	(948.95	)	$	416.03
EUROPEAN GOLDFIELDS LTD COM STK	$	(4,903.83	)		—
HARD TO TREAT DISEASES INC COM	$	(23,575.67	)	$	28,554.48
NEPHROS INC COM	$	(9,091.75	)	$	8,901.25
TNR GOLD CORP COM	$	(27,958.70	)	$	26,343.07
CEZ CZK100	$	(100,382.60	)	$	177,069.53
PORTUGAL TELECOM SGPS EUR0.03	$	(144,617.22	)	$	171,427.62
HYUNDAI MOTOR CO KRW5000	$	(142,270.95	)	$	238,338.15
COSCO CORPORATION SINGAPORE LTD (POST SUBDIVISION)	$	(64,821.58	)	$	84,085.87
DBS GROUP HLDGS NPV	$	(433,261.81	)	$	475,048.41
MODERN TIMES GROUP SER’B’NPV	$	(60,552.22	)	$	84,464.91
BALOISE HOLDING AG CHF0.10 (REGD) (VINKULIERT)	$	(128,176.33	)	$	138,150.29
JULIUS BAER HLDG CHF0.05 (REGD)	$	(267,934.53	)	$	359,314.11
SWISS LIFE HOLDINGS AG	$	(227,473.36	)	$	251,406.56

Page 2


Asset Description	Acquisition Cost			Disposition Proceeds
ZURICH FINL SVCS CHF0.10	$	(366,353.66	)	$	377,732.78
CENTRAL JAPAN RLWY NPV	$	(63,424.78	)	$	65,589.71
DAI NIPPON PRINTNG NPV	$	(121,725.39	)	$	109,116.91
DAIHATSU MOTOR CO NPV	$	(74,823.23	)	$	83,593.90
FUJI MEDIA HOLDINGS INC NPV	$	(53,660.66	)	$	57,892.78
FURUKAWA ELECTRIC NPV	$	(103,701.51	)	$	141,366.71
J FRONT RETAILING NPV	$	(93,566.25	)	$	105,612.39
JTEKT CORPORATION NPV	$	(116,323.10	)	$	153,023.31
KAMIGUMI CO LTD NPV	$	(104,863.88	)	$	108,468.15
KOBE STEEL LTD	$	(70,122.03	)	$	97,057.93
NIPPON ELECTRIC GLASS CO LTD	$	(86,886.50	)	$	97,224.05
NISSAN CHEMICAL IN NPV	$	(64,405.76	)	$	82,716.18
NTT DOCOMO NPV	$	(86,945.84	)	$	84,795.01
RESONA HOLDINGS NPV	$	(113,205.59	)	$	111,792.57
SEIKO EPSON CORP NPV	$	(193,720.76	)	$	214,239.05
SEKISUI CHEMICAL CO LTD NPV	$	(56,838.06	)	$	65,314.70
SHINKO ELEC INDS NPV	$	(84,243.47	)	$	144,207.14
SUMITOMO TRUST & BANKING CO NPV	$	(401,129.48	)	$	403,178.58
TOKUYAMA CORP NPV	$	(103,761.61	)	$	112,485.44
TOYOTA INDUSTRIES NPV	$	(95,411.91	)	$	111,440.78
TSUMURA & CO NPV	$	(42,714.06	)	$	45,015.29
YAMAHA MOTOR CO NPV	$	(109,974.62	)	$	109,524.85
YAMATO HOLDINGS NPV	$	(94,157.30	)	$	86,504.81
BCE INC COM NPV	$	(236,903.29	)	$	261,430.53
BIOVAIL CORP COM NPV	$	(69,385.50	)	$	92,632.91
ING CANADA INC COM NPV	$	(94,180.56	)		—
INTACT FINL CORP COM NPV		—		$	122,922.50
SUNCOR ENERGY INC COM NPV	$	(250,341.21	)	$	50,968.51
CENOVUS ENERGY INC 6.75% DUE 11-15-2039	$	(79,696.00	)	$	86,190.20

CREDIT SUISSE FIRST BOSTON USA INC CR SUISSE FB USA INC 4.7 DUE 06-01-2009 BEO	$	(40,240.00	)	$	40,000.00

DISH DBS CORP 7.875% DUE 09-01-2019	$	(29,240.10	)		—
FORD MTR CR CO LLC NT FLTG RATE DUE 04-15-2009 REG	$	(283,500.00	)	$	300,000.00
GENWORTH GLOBAL FDG TRS SECD MEDIUM TERMTRANCHE # TR 00003 5.125 03-15-2011	$	(9,060.00	)	$	9,635.00

Page 3


Asset Description	Acquisition Cost			Disposition Proceeds
INTL STL GROUP INC 6.5% DUE 04-15-2014	$	(4,010.00	)	$	4,680.90
JEFFSN PILOT CORP 4.75% DUE 01-30-2014	$	(4,175.30	)	$	4,340.00
KS CY SOUTHN DE 12.5% DUE 04-01-2016	$	(18,949.00	)		—
PVTPL CRICKET COMMUNICATIONS INC SR SECDNT 144A 7.75 DUE 05-15-2016	$	(43,260.30	)		—
PVTPL DIRECTV HLDGS LLC / DIRECTV FING INC SR NT 144A 4.75% DUE 10-01-2014 BEO	$	(29,918.70	)	$	30,571.20

PVTPL RAILAMERICA INC SR SECD NT 144A 9.25% DUE 07-01-2017/06-23-2009 BEO	$	(67,146.10	)	$	6,180.00
PVTPL TECK RESOURCES LIMITED SR SECD NT 144A 10.25 DUE 05-15-2016/05-08-2009 BEO	$	(4,732.70	)		—

PVTPL TECK RESOURCES LIMITED SR SECD NT 144A 10.75 DUE 05-15-2019/05-08-2009 BEO	$	(9,489.30	)		—

PVTPL TECK RESOURCES LIMITED SR SECD NT 144A 9.75% DUE 05-15-2014 BEO	$	(4,763.50	)		—

PVTPL VERIZON WIRELESS CAP LLC / CELLCO PARTNE NT 144A 5.25 DUE 02-01-2012 BEO	$	(498,365.00	)		—
ROCHE HLDGS INC NT FLTG 144A DUE 02-25-2011 BEO	$	(500,000.00	)	$	512,532.00
HOSPIRA INC HOSPIRA INC VAR RT DUE 03-30-2010/03-30-2009	$	(698,250.00	)	$	700,000.00
MACQUARIE OFFICE UNITS NPV	$	(80,639.09	)	$	140,136.32
KGHM POLSKA MIEDZ PLN10 BR	$	(32,537.08	)	$	41,035.86
ADR BRIT AWYS PLC ADR	$	(20,405.90	)	$	19,226.55
ADR CADBURY PLC SPONSORED ADR ADR	$	(10,658.05	)	$	10,443.68
ADR CHINA DISTANCE ED HLDGS LTD SPONSORED ADR ADR	$	(1,953.45	)	$	1,877.88
ADR CHINA GRENTECH CORP LTD	$	(22,192.85	)	$	19,739.27
ADR HIMAX TECHNOLOGIES INC SPONSORED ADR	$	(8,954.74	)	$	7,915.25
ADR LINKTONE LTD ADR	$	(16,248.29	)	$	21,003.89
ADR NICE SYS LTD SPONSORED ADR	$	(7,559.16	)	$	6,797.29
ADR WIRELESS HOLDRS TR DEPOSITARY RCPT	$	(64,056.85	)	$	66,670.42

Page 4


Asset Description	Acquisition Cost			Disposition Proceeds
GDR PAMPA ENERGIA S A SPONSORED ADR LEVEL 1	$	(6,623.75	)	$	5,804.39
SIFY TECHNOLOGIES LTD	$	(21,699.40	)	$	22,553.51
ABM INDS INC COM	$	(15,125.65	)	$	17,194.81
ACEA SPA EUR5.16	$	(55,422.20	)	$	56,987.99
ADVANCED ENERGY INDS INC COM	$	(7,741.25	)	$	7,480.39
AEP INDS INC COM	$	(48,092.24	)	$	51,816.69
AERO GROW INTL INC COM STK	$	(2,008.95	)	$	1,540.02
AJINOMOTO CO INC NPV	$	(56,015.72	)	$	54,496.69
ALCATEL-LUCENT EUR2	$	(76,001.73	)	$	70,671.78
ALLIANCE FINL CORP COM	$	(8,226.60	)	$	8,364.77
ALUMINA LTD NPV	$	(43,465.14	)	$	38,922.10
AM OIL RES & TECHNOLOGY INC COM STK	$	(2,708.95	)	$	1,241.04
AP PHARMA INC COM NEW STK	$	(5,142.91	)	$	5,540.33
ARCELIK TRY1	$	(29,653.34	)	$	37,519.75
ARDEA BIOSCIENCES INC COM STK	$	(13,257.95	)	$	11,817.40
AXION INTL HLDGS INC COM STK	$	(6,597.95	)	$	5,640.90
BANCTRUST FINL GROUP INC COM STK	$	(2,041.71	)	$	2,467.34
BANKUNITED FINL CORP CL A	$	(5,292.75	)	$	5,889.03
BIOELECTRONICS CORP COM	$	(6,833.82	)	$	7,268.40
BLACKROCK KELSO CAP COORPORATION COM STK	$	(13,816.80	)	$	15,638.77
BLUEFIRE ETHANOL FUELS INC COM STK	$	(10,098.95	)	$	10,672.83
BLUESCOPE STEEL SHS	$	(69,488.97	)		—
BRIDGEPOINT ED INC COM	$	(10,465.75	)	$	8,113.12
BRITISH ENERGY GP GBP0.1 (ASSD LAKE ACQ CASH)		—		$	365,768.93
CADENCE PHARMACEUTICALS INC COM	$	(15,121.35	)	$	17,663.94
CAPITOL BANCORP LTD COM	$	(13,431.57	)	$	12,682.05
CARDIOME PHARMA CORP COM NEW STK	$	(22,258.95	)	$	20,540.52
CENTRAL GARDEN & PET CO COM	$	(31,793.50	)	$	29,646.29
CHARTER COMMUNICATIONS INC DEL CL A NEW CL A NEW		—		$	5,751.64
CHECK PT SOFTWARE TECHNOLOGIES ORDILS.01	$	(235,612.74	)	$	233,276.25
CHIBA BANK NPV	$	(42,965.46	)	$	43,649.32
CHINA DIGITAL COMMUNICATION GROUP COM NEW STK	$	(40,644.69	)	$	38,990.04

Page 5


Asset Description	Acquisition Cost			Disposition Proceeds
CHIYODA CORP NPV	$	(38,547.97	)	$	38,672.50
CITIZENS & NORTHN CORP COM	$	(4,161.92	)	$	3,850.90
CITIZENS FIRST CORP COM	$	(16,001.95	)	$	14,412.38
CLEAR-LITE HLDGS INC COM	$	(46,035.80	)	$	52,140.74
COFFEE HLDG CO INC COM	$	(4,058.85	)	$	3,790.75
COHEN & STEERS INC COM	$	(9,753.90	)	$	8,004.93
CORNELL COMPANIES INC COM	$	(6,353.68	)	$	8,127.99
CUMULUS MEDIA INC CL A DEL	$	(14,261.43	)	$	14,597.31
DEALERTRACK HLDGS INC COM STK	$	(197,678.77	)	$	207,484.50
DIAMOND HILL INVT OH	$	(12,344.52	)	$	12,721.16
DICKS SPORTING GOODS INC OC-COM	$	(35,905.55	)	$	37,644.18
DIGITAL ALLY INC COM STK	$	(6,550.25	)	$	6,737.71
DOLAN MEDIA CO COM STK	$	(4,964.95	)	$	4,194.93
DORMAN PRODS INC COM	$	(6,704.60	)	$	6,939.32
DRUGSTORE COM INC COM ISIN #US2622411021	$	(7,008.95	)	$	6,577.27
EF JOHNSON TECHNOLOGIES INC	$	(1,542.90	)	$	1,382.01
EMC INS GROUP INC COM	$	(6,584.95	)	$	6,181.09
EPLUS INC COM	$	(7,593.95	)	$	7,636.05
ERAMET EUR3.05	$	(47,317.61	)	$	47,992.18
FIRST LONG IS CORP COM	$	(7,842.60	)	$	8,849.83
FIRST MARINER BANCORP COM	$	(1,913.95	)	$	2,340.98
FIRSTBANK CORP MICH COM	$	(8,480.95	)	$	8,618.61
FPB BANCORP INC COM	$	(10,004.85	)	$	7,286.44
FULL HOUSE RESORTS INC COM	$	(20,450.90	)	$	19,923.73
GEORESOURCES INC COM	$	(6,426.55	)	$	6,566.88
GERDAU AMERISTEEL CORP COM STK	$	(19,257.90	)	$	19,216.62
GIGA TRONICS INC COM	$	(2,757.95	)	$	2,514.98
GPE BRUXELLES LAM NPV	$	(101,285.78	)	$	108,183.83
GSC INVT CORP COM STK	$	(15,478.85	)	$	12,875.74
GUNMA BANK NPV	$	(81,303.06	)	$	82,958.17
HANG LUNG GROUP HKD1	$	(25,715.51	)	$	24,542.21
HEALTHWAYS INC COM STK	$	(24,183.90	)	$	22,249.22
HEARUSA INC	$	(1,968.95	)	$	1,950.99
HOKUHOKU FINANCIAL NPV	$	(75,924.04	)	$	92,731.24
HOLCIM CHF2(REGD)	$	(22,141.80	)	$	24,490.72
HOLMEN AB SER’B’NPV	$	(32,663.30	)	$	31,382.67
HOPEWELL HOLDINGS COMSTK	$	(28,621.01	)	$	28,052.83

Page 6


Asset Description	Acquisition Cost			Disposition Proceeds
HUGHES TELEMATICS INC COM	$	(5,039.41	)	$	4,654.53
IB3 NETWORKS INC COM	$	(76,008.96	)	$	60,769.41
INCITEC PIVOT NPV	$	(34,446.94	)	$	33,505.22
INFINITE GROUP INC COM NEW	$	(12,617.90	)	$	7,196.78
INTEGRAL SYS INC MD COM	$	(27.09	)	$	0.00
INTERNET MEDIA TECHNOLOGIES INC COM NEW STK	$	(338.95	)	$	161.02
IRIDEX CORP COM	$	(723.95	)	$	574.84
IRIDIUM WORLD COMMUNICATIONS CL A COM STK	$	(57.90	)	$	71.05
IRWIN FINL CORP COM	$	(23,855.35	)	$	21,175.15
JAPAN AIRLINES SYSTEM CORPORATION NPV	$	(86,130.55	)	$	70,669.45

LIBBEY INC COM	$	(5,144.55	)	$	5,281.91
LLOYDS BANKING GP ORD GBP0.25 (SUB SHS)		—		$	0.00

LOGITECH INTL CHF0.25(REGD)	$	(56,425.30	)	$	33,821.99
LOGMEIN INC COM	$	(16,000.00	)	$	19,989.49
LOTTOMATICA SPA EUR1	$	(34,880.34	)	$	34,325.07
MAJESCO ENTERTAINMENT CO COM NEW COM NEW	$	(5,918.95	)	$	6,975.79
MAP GROUP	$	(76,348.32	)	$	82,824.93
MAP PHARMACEUTICALS INC COM STK	$	(10,081.73	)	$	8,980.47
MAPFRE EUR0.10	$	(33,093.86	)	$	34,776.41
MB FINL INC NEW COM	$	(171,975.99	)	$	160,234.35
MDS INC COM	$	(277,973.73	)	$	371,165.47
MEDASSETS INC COM STK	$	(11,798.00	)	$	10,907.81
MEDIVATION INC COM STK	$	(94,080.76	)	$	102,878.79
MEN S WEARHOUSE INC COMMOM	$	(86,726.62	)	$	94,631.42
MERCER INTL INC COM SH BEN INT	$	(14,391.19	)	$	13,904.74
MONARCH CASINO & RESORT INC COM	$	(10,403.95	)	$	9,756.48
MORTONS RESTAURANT GROUP INC NEW COM	$	(1,058.05	)	$	910.25
NATL BK OF GREECE EUR5(REGD)	$	(61,295.20	)	$	49,543.85
NITORI CO LTD NPV	$	(112,094.93	)	$	129,994.34
NOBEL BIOCARE HOLD CHF.4	$	(62,725.50	)	$	68,096.28
NOK CORP NPV	$	(47,623.13	)	$	56,857.47

Page 7


Asset Description	Acquisition Cost			Disposition Proceeds
NORDEA BANK AB NPV(SEK QUOTE(FPD 01/01/09)	$	(38,089.52	)		—
NYMAGIC INC COM	$	(10,381.20	)	$	9,603.23
OCULUS INNOVATIVE SCIENCES INC COM	$	(117,206.75	)	$	114,270.44
ORBCOMM INC COM STK	$	(13,782.95	)	$	11,064.76
PAC WEBWORKS INC COM	$	(1,358.95	)	$	1,391.01
PACKAGING CORP AMER COM ISIN US6951561090	$	(111,063.11	)	$	115,871.65
PANASONIC ELECTRIC WORKS CO LTD NPV	$	(84,817.19	)	$	85,254.89

PENWEST PHARMACEUTICALS CO COM	$	(1,902.22	)	$	2,155.79
PETROSUN INC COM STK	$	(1,667.90	)	$	1,291.04
PHYSICIANS FORMULA HLDGS INC COM	$	(24,295.72	)	$	23,307.98
PROMISE CO NPV	$	(105,570.94	)	$	96,020.17
PROVIDENT NY BANCORP COM	$	(33,885.00	)	$	27,766.82
RENESAS ELECTRONICS CORPORATION NPV	$	(37,875.01	)	$	72,256.88

RICOH CO LTD NPV	$	(12,913.03	)	$	11,328.55
RTI BIOLOGICS INC COM STK	$	(7,351.95	)	$	7,840.64
SACYR VALLEHERMOSO EUR1	$	(50,166.14	)	$	39,211.14
SAUER-DANFOSS INC COM	$	(32,410.80	)	$	30,817.28
SCHRODERS VTG SHS GBP1	$	(51,891.95	)	$	54,630.92
SECURITAS SER‘B’NPV	$	(74,658.36	)	$	68,842.04
SEMGROUP CORP CL A CL A		—		$	1,535.96
SHENANDOAH TELECOMMUNICATIONS CO CDT-COMCDT-COM	$	(26,276.95	)	$	27,113.27
SHIMAMURA CO NPV	$	(46,654.48	)	$	50,125.27
SINGAPORE AIRPORT TERMINAL SERVICES SGD0.10		—		$	21,257.93
STANDARD LIFE ORD GBP0.10	$	(18,090.09	)	$	20,520.59
SULZER AG-REG COMSTK	$	(64,808.46	)	$	52,890.27
SUMITOMO CHEMICAL CO. LTD NPV	$	(66,951.97	)	$	67,313.53
SUN BANCORP INC N J COM	$	(8,862.00	)	$	4,469.97
SUNESIS PHARMACEUTICALS INC COM	$	(3,568.95	)	$	4,290.93
SUSSER HLDGS CORP COM STK	$	(5,245.00	)	$	5,361.86
SUZUKI MOTOR CORP NPV	$	(71,239.24	)	$	72,952.21
TALECRIS BIOTHERAPEUTICS HLDGS CORP COM	$	(8,488.55	)	$	7,690.85
THOMSON-REUTERS CO COM NPV				$	108,384.33

Page 8


Asset Description	Acquisition Cost			Disposition Proceeds
TIMBERLINE RES CORP COM	$	(3,638.95	)	$	4,347.93
TRANS LUX CORP COM	$	(6,372.95	)	$	6,318.93
TREDEGAR CORP INC	$	(4,181.95	)	$	4,056.14
TURK TELEKOMUNIKAS TRY1	$	(66,968.50	)	$	66,542.61
TYLER TECHNOLOGIES INC COM STK	$	(12,122.95	)	$	11,753.52
UCBH HLDGS INC COM	$	(56,606.20	)	$	55,474.02
UNITED CMNTY BK BLAIRSVILLE GA CDT-CAP STK CDT-CAP STK	$	(130,750.09	)	$	115,047.96
UNITED INTERNET AG NPV(REGD)	$	(63,314.23	)	$	60,534.48
UNIVEST CORP PA COM	$	(11,691.00	)	$	9,626.75
VALHI INC NEW COM	$	(5,390.35	)	$	5,509.75
VALUEVISION MEDIA	$	(10,393.90	)	$	15,039.70
VERISK ANALYTICS INC CL A CL A	$	(46,794.05	)	$	46,102.35
VESTAS WIND COM STK	$	(137,183.77	)		—
VICAL INC COM COM	$	(11,618.95	)	$	11,389.75
WATERFURNACE RENEWABLE ENERGY INC COM STK	$	(2,532.03	)	$	2,341.77
WESFARMERS LIMITED COMSTK	$	(37,465.63	)		—
WESTERN LITHIUM CA COM NPV	$	(10,018.95	)	$	9,046.85
WESTLAKE CHEM CORP COM STK	$	(24,774.95	)	$	25,057.48
XERIUM TECHNOLOGIES INC COM STK	$	(10,190.90	)	$	14,601.70
YAMAHA CORP NPV	$	(141,046.61	)	$	133,038.04
ZODIAC AEROSPACE NPV	$	(66,709.80	)	$	70,695.77
ZYMOGENETICS INC COM STK	$	(22,858.95	)	$	25,761.88
AMERICAN INTL GROUP INC JR SUB DEB FLT RT DUE 05-15-2058/05-15-2010 BEO	$	(11,337.50	)	$	12,575.00
GENWORTH FINL INC 5.75% DUE 06-15-2014	$	(15,220.00	)	$	17,880.00
HOUSEHOLD FIN CORP 7.35% DUE 11-27-2032	$	(9,059.00	)	$	9,565.00

JPMORGAN CHASE & CO C CRF JPM DUE 04-29-2049/04-30-2018 BEO	$	(9,710.00	)	$	10,115.00
PVTPL AMC ENTMT INC NEW SR NT 144A 8.75%DUE 06-01-2019/06-01-2014 BEO	$	(4,879.10	)	$	4,879.10
PVTPL CSC HLDGS INC SR NT 144A 8.5% DUE 04-15-2014 BEO	$	(26,665.50	)	$	28,387.50
ROYAL GOLD INC STEP UP DUE 03-01-2020 BEO 0 TO 3-1-05; 3.75 THEREAFTER	$	(4,977.60	)	$	2,701.52

Page 9


Asset Description	Acquisition Cost			Disposition Proceeds
BOND TR PRODS LLC BASICS BOOK ENTRY MTN 4.15% DUE 06-15-2010/12-15-2009	$	(8,431.04	)	$	8,286.38
HARTFORD LIFE GLOBAL FDG TRS HARTFORD LITRANCHE # TR 00030 5 DUE 01-15-2015	$	(6,460.00	)	$	8,334.10
M & I MARSHALL & ILSLEY BK MILW WI TRANCHE # TR 00028 5.15 DUE 02-22-2012	$	(4,797.50	)		—
WACHOVIA CORP GLOBAL MEDIUM TERM SR NTS TRANCHE # SR 00025 5.7 DUE 08-01-2013	$	(9,456.70	)	$	9,810.80
BANK OF AMERICA TORONTO CANADA DTD 09-22-2000 6.69 E-DLR T/D 01-22-2001	$	(112.70	)	$	114.29
INERGY HLDGS L P	$	(15,804.10	)	$	16,980.21
PORSCHE AUTO HL SE NON VTG PRF NPV	$	(121,922.57	)	$	121,094.55
CYPRESS SHARPRIDGE INVTS INC REIT	$	(183,951.11	)	$	182,496.85
EQTY 1 INC COM	$	(28,656.94	)	$	30,897.34
GLADSTONE COML CORP COM STK	$	(8,281.20	)	$	8,062.79
LINK R/EST INVEST NPV	$	(43,908.99	)	$	44,668.55
MERCIALYS EUR1		—		$	4,660.55
SEGRO PLC GBP0.01	$	(32,585.19	)	$	8,189.17
TRANSCONTINENTAL RLTY INVS COM NEW COM NEW	$	(990.95	)	$	1,091.04
UIT GEN FIN CORP DEL UNIT 1 COM & CTF OFOWN EVID UNDIV INT $1000 UNIT VALUE REG	$	(13,429.65	)	$	7,697.76

Page 10

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
1 800 FLOWERS COM INC CL A COM STK	13,356.98	3,975.00
1/10 BERKSHIRE HATHAWAY INC DEL CL A COMSTK	2,709,368.82	0.00
1ST AMER BANK CORP 9% CUMLATIVE CONV PFDSTK $11 PAR	0.00	4,464.60
1ST BK LEXINGTON TENN CTF DEP ACT/365 SEMI-ANNU 4 03-19-2010	35,000.00	35,226.45
1ST CHGO BK & TR ILL CTF DEP DTD 01/15/2009 2.25 09-15-2010	19,000.00	19,000.00
1ST CMNTY BANCSHARES INC NEV COM	24,817.80	22,895.00
1ST CMNTY BK TAOS NM DTD 03-20-2009 1.35C/D 03-22-2010	50,000.00	0.00
1ST HORIZON NATL CORP COM	4,405.50	3,229.91
1ST HORIZON NATL CORP COM	144,102.79	82,169.15
1ST INDL RLTY TR INC COM	9,091.51	2,384.88
1ST MED GROUP INC COM	676.26	2.68
1ST NIAGARA FINL GROUP INC NEW COM	6,485.48	7,046.75
1ST POTOMAC RLTY TR COM	1,842.64	1,543.70
1ST UN NATL BK N C CHARLOTTE MTN 7.8 DUE08-18-2010 BEO	4,146.46	4,180.52
21ST CENTY HLDG CO COM	5,988.95	4,020.00
3C7/REG S GMAC INC	0.00	6.50
3COM CORP COMMON STOCK	25,623.13	36,945.00
3DICON CORP COM	9,785.16	73.20
3M CO COM	193,830.38	281,078.00
3M CO COM	247,764.10	285,790.19
3M CO COM	334,990.62	413,027.50
3M CO COM	580,171.88	735,763.00
3M CO COM	716,708.77	1,049,909.00
3M CO COM	880,638.71	1,595,531.00
3PAR INC COM	4,620.95	4,740.00
5 STAR QUAL CARE INC COM	3,422.04	3,473.47
5TH 3RD BANCORP COM	67,129.12	73,742.05
5TH 3RD BANCORP COM	219,568.90	238,875.00
5TH 3RD BANCORP COM	549,278.10	210,707.25
6 FLAGS INC COM	110,782.99	2,978.75
6 FLAGS INC SR NT 8.875 DUE 02-01-2010/02-01-2006 BEO BD IN DEFAULT	9,235.00	2,975.00
727 COMMUNICATIONS INC COM PAR $0.001 COM PAR $0.001	553.72	0.00
8X8 INC NEW COM	24,678.62	30,000.00
A D A M INC COM	11,851.85	5,775.00
A123 SYS INC COM	15,296.98	19,186.20
A123 SYS INC COM	175,530.38	258,733.20
A21 INC COM STK	13,531.45	10.00
AAR CORP COM	1,807.71	2,298.00
AARO BROADBAND WIRELESS COMMUNICATIONS INC COM	989.95	0.00
ABATIX CORP FORMERLY ABATIX ENVIRONMENTAL CORP TO 05/20/1999 COM	2,167.77	840.00
ABAXIS INC COM	5,493.69	5,110.00
ABB LTD CHF1.54 (REGD)	478,001.31	477,616.76
ABBOTT LAB COM	382,982.13	420,057.91
ABBOTT LAB COM	415,081.50	487,367.73
ABBOTT LAB COM	442,756.83	507,506.00
ABBOTT LAB COM	1,149,473.91	1,176,982.00
ABBOTT LAB COM	1,328,398.42	2,272,979.00
ABBOTT LABS 5.15% DUE 11-30-2012/11-09-2007 BEO	5,002.40	5,474.52
ABBOTT LABS NT 5.125% DUE 04-01-2019 REG	26,207.75	26,201.35
ABBOTT LABS NT 5.125% DUE 04-01-2019 REG	209,780.00	209,193.60
ABERCROMBIE & FITCH CO CL A	2,511.53	4,043.30
ABERCROMBIE & FITCH CO CL A	115,783.34	155,082.50
ABERCROMBIE & FITCH CO CL A	164,011.88	83,640.00
ABIOMED INC COM	7,377.02	4,365.00
ABIOMED INC COM	529,203.07	457,976.00
ABITIBIBOWATER INC COM STK	409.07	1.32
ABLAZE TECHNOLOGIES INC COM	4,812.53	0.00
ABRAXAS PETE CORP COM	10,157.75	9,600.00
ABRAXIS BIOSCIENCE INC NEW COM	40.47	1,013.75
ABSOLUTE HEALTH & FITNESS INC COM STK	272.49	0.01
ABSOLUTE SOFTWARE CORP COM STK	2,199.20	1,051.64
AC ENERGY INC NEV COM STK	11,365.43	0.00
ACADIA PHARMACEUTICALS INC COM	8,400.63	3,564.00
A-CAP RESOURCES COM STK	41,463.01	9,356.55
ACCENTURE PLC SHS CL A NEW	101,926.09	116,040.93
ACCENTURE PLC SHS CL A NEW	411,714.46	566,433.50
ACCESS NATL BK RESTON VA DTD 02-09-2009 1.55 C/D 02-09-2010	40,000.00	40,000.00
ACCESS NATL CORP COM STK	3,008.95	2,950.00

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ACCO BRANDS CORP COM	467.80	167.44
ACCOR EUR3	308,643.15	253,093.41
ACCURAY INC DEL COM	42,637.64	19,074.00
ACE LTD COM STK	19,684.81	20,109.60
ACE LTD COM STK	270,532.62	265,255.20
ACETO CORP COM	27,500.52	24,622.15
ACHILLION PHARMACEUTICALS INC COM	3,428.77	3,110.00
ACHMEA HYPOTHEEKBANK NV MEDIUM TERM NTS TRANCHE # TR 1 3.2 DUE 11-03-2014 REG	169,915.00	169,670.88
ACME PACKET INC COM STK	10,742.73	9,845.00
ACORDA THERAPEUTICS INC COM	2,188.95	2,520.00
ACORDA THERAPEUTICS INC COM	174,826.65	199,490.20
ACORN ENERGY INC	7,788.65	7,380.00
ACT CLEAN TECHNOLOGIES INC	942.90	97.50
ACT/365 MONTHLY DTD 01-26-2009 2.25 07-26-2010	19,000.00	19,000.00
ACTELION CHF0.50 (REGD)	89,470.14	82,947.21
ACTELION CHF0.50 (REGD)	186,744.06	190,516.88
ACTELION CHF0.50 (REGD)	197,444.24	247,185.90
ACTIS GLOBAL VENTURES INC COM STK	9,177.30	1.80
ACTIVE PWR INC COM	394.59	318.00
ACTIVIDENTITY CORP COM STK	6,567.36	2,937.50
ACTIVISION BLIZZARD INC COM STK	286,254.43	280,183.09
ACTUANT CORP CL A NEW	25,174.40	37,060.00
ACTUANT CORP CL A NEW	33,764.35	20,621.28
ACTUATE CORP COM	16,237.98	14,124.00
ACUITY BRANDS INC COM	20,291.98	18,488.50
ACURA PHARMACEUTICALS INC COM NEW STK	58,206.62	37,368.63
ACUSPHERE INC COM	27,136.58	1,050.00
ACXIOM CORP COM	42,849.28	79,701.38
ADA-ES INC COM STK	3,069.05	1,220.00
ADAPTEC INC COM	11,240.85	11,390.00
ADAPTEC INC COM	34,772.68	32,160.00
ADAPTEC INC COM	280,977.16	253,856.30
ADC TELECOMMUNICATIONS INC COM NEW	13,726.09	11,687.22
ADDAX PETE CORP COM NPV	4,057.60	0.00
ADDAX PETE CORP COM STK	1,241,654.30	0.00
ADDVANTAGE MEDIA GROUP INC COM NEW	7,856.95	7,097.40
ADECCO SA	5,177.95	5,518.91
ADECCO SA CHF1(REGD)	341,146.07	425,125.39
ADMINISTAFF INC COM	341,050.60	224,105.00
ADOBE SYS INC COM	52,487.05	61,349.04
ADOBE SYS INC COM	289,561.89	529,632.00
ADOBE SYS INC COM	1,580,034.45	2,312,836.74
ADOLOR CORP COM	5,932.90	5,110.00
ADR 3SBIO INC SPONSORED ADR	8,978.87	15,059.00
ADR ABB LTD SPONSORED ADR	124,728.69	127,110.50
ADR ACERGY S A SPONSORED ADR	977.74	1,170.75
ADR ACTIONS SEMICONDUCTOR CO LTD ADR ADR- COMMON STOCK	52,890.61	54,225.00
ADR ADVANCED MICRO DEVICES INC CONV PFD	0.00	20,363.10
ADR AEGON N V NY REGISTRY SHS SHS	48,988.95	99,355.00
ADR AEGON N V NY REGISTRY SHS SHS	130,923.62	64,632.03
ADR AGRIA CORP SPONSORED ADR	2,698.95	3,130.00
ADR AIXTRON AKTIENGESELLSCHAFT SPONSOREDADR REPSTG ORD SHS	55,301.04	55,324.50
ADR ALCATEL-LUCENT	59,443.83	40,168.68
ADR ALCATEL-LUCENT	522,542.49	378,148.00
ADR ALLIED IRISH BKS P L C SPONSORED ADRREPSTG ORD	16,236.06	15,131.61
ADR ALUMINA LTD SPONSORED ADR	16,929.06	7,860.00
ADR ALUMINUM CORP CHINA LTD SPONSORED ADR REPSTG H SHS	23,833.91	29,293.75
ADR ANGLO AMERN PLC ADR NEW	193,807.74	182,577.82
ADR ANGLO PLATINUM LTD ADR	102,729.92	86,850.79
ADR ANGLOGOLD ASHANTI LTD	146,044.54	146,697.18
ADR ARCELORMITTAL SA LUXEMBOURG N Y REGISTRY SHS	70,905.53	100,421.25
ADR AREVA SA ADR	11,417.90	10,014.60
ADR ARM HLDS PLC SPONSORED ISIN US0420681068	7,592.65	8,303.20

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ADR ASIA PULP & PAPER LTD SPONSORED ADR	416.17	0.00
ADR ASTRAZENECA PLC SPONSORED ADR UK	53,755.78	57,313.74
ADR AU OPTRONICS CORP SPONSORED ADR	92,784.20	89,637.24
ADR AXA SA SPONSORED ADR	36,690.22	39,664.00
ADR BAE SYS PLC SPONSORED ADR	3,354.95	2,322.15
ADR BAIDU INC SPONSORED ADR	379,432.24	493,476.00
ADR BAIDU INC SPONSORED ADR	382,531.88	414,108.61
ADR BAIDU INC SPONSORED ADR	648,395.50	766,121.49
ADR BANCO BILBAO VIZCAYA ARGENTARIA S A SPONSORED ADR	167,127.06	207,243.52
ADR BANCO BRADESCO S A SPONSORED ADR REPSTG PFD SHS NEW 2004	8,858.61	10,935.00
ADR BANCO SANTANDER BRASIL S A ADS REPSTG 1 UNIT	23,593.70	25,092.00
ADR BANCOLOMBIA S A SPONSORED ADR REPSTG4 PREF SHS	8,249.19	11,377.50
ADR BARCLAYS PLC A.D.R.	4,663.48	3,708.69
ADR BASF AKTIENGESELLSCHAFT - LEVEL I	63,020.48	77,009.29
ADR BAYER A G SPONSORED ADR	66,037.54	70,655.64
ADR BERKELEY TECH LTD SPONSORED ADR	14,194.86	43.92
ADR BET PUB LTD CO SPONSORED A.D.R.	3,812.70	0.00
ADR BHP BILLITON LTD SPONSORED ADR	321,019.55	413,080.94
ADR BK AMER CORP DEP SHS REPSTG 1/1200THPFD SER 5 DEPOS SH REPSTG 1/1000 PFD SER	4,639.95	9,042.50
ADR BNP PARIBAS SPONSORED ADR REPSTG	18,022.17	18,045.99
ADR BP P L C SPONSORED ADR	699,252.95	765,166.32
ADR BRIT AMERN TOB PLC SPONSORED COM STK	24,778.67	24,764.78
ADR BT GROUP PLC ADR	31,296.24	19,457.30
ADR BYD CO LTD ADR	31,074.42	45,416.80
ADR CANON INC A.D.R. FOR COM YEN	13,121.52	13,415.44
ADR CATHAY PAC AWYS LTD SPONSORED ADR	533.95	466.85
ADR CEMEX SAB DE CV	25,258.61	23,616.36
ADR CEMEX SAB DE CV	275,544.26	140,669.82
ADR CEMEX SAB DE CV	623,681.24	647,487.78
ADR CGG VERITAS ADS EACH 5 REPR 1 ORD EUR2	18,912.19	8,500.00
ADR CGG VERITAS ADS EACH 5 REPR 1 ORD EUR2	340,070.45	307,275.00
ADR CHEUNG KONG HLDG LTD A.D.R. FOR ORD HK $2	24,890.65	26,193.58
ADR CHICAGO BRDG & IRON CO N V N Y REGISTRY SH NV	71,359.33	92,061.66
ADR CHINA DIGITAL TV HLDG CO LTD SPONSORED ADR	178,774.06	48,111.00
ADR CHINA EASTN AIRLS LTD SPONSORED ADR REPSTG CL H	1,936.45	1,756.00
ADR CHINA FIN ONLINE CO LTD SPONSORED ADR	3,346.93	2,555.00
ADR CHINA LIFE INS CO LTD SPONSORED ADR REPSTG H SHS	39,355.36	43,276.50
ADR CHINA MED TECHNOLOGIES INC SPONSOREDADR	52,483.09	31,219.10
ADR CHINA MOBILE LTD	232,283.96	182,052.03
ADR CHINA PETE & CHEM CORP SPONSORED ADRREPSTG H SHS	88,473.98	70,103.72
ADR CHINA REAL ESTATE INFORMATION CORP ADR ADR	19,267.24	15,372.00
ADR CHINA SOUTHN AIRLS LTD 50 SHS CL H ISIN US1694091091	18,286.06	11,565.00
ADR CHINA SUNERGY CO LTD SPONSORED ADR	5,845.87	4,158.00
ADR CHINA TELECOM CORP LTD SPONSORED ADRREPSTG H SHS	12,442.75	12,426.00
ADR CHINA UNICOM HONG KONG LTD SPONSOREDADR	171,661.90	161,187.45
ADR CNOOC LTD SPONSORED ADR SPONSORED ADR	99,852.31	106,638.70
ADR COCA-COLA HELLENIC BOTTLING CO S A SPONSORED ADR	4,437.45	2,302.00
ADR COMPANHIA DE BEBIDAS DAS AMERS AMBEV SPONSORED ADR REPSTG PFD SHS	46,433.91	48,927.56
ADR COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SABESP SPONSORED ADR	7,908.97	7,824.00
ADR COMPANHIA ENERGETICA DE MINAS GERAISSPONSORED ADR PAR $.01 REP PFD	0.00	94.33
ADR COMPANHIA ENERGETICA DE MINAS GERAISSPONSORED ADR PAR $0.01 REP NON VTG PFD	9,697.01	12,642.00
ADR COMPANHIA SIDERURGICA NACIONAL REPSTG ORD SHS	95,721.16	93,171.74
ADR COMPANIA DE MINAS BUENAVENTURA S A SPONSORED ADR REPSTG SER B SHS	29,153.43	31,327.92
ADR CONCORD MED SVCS HLDGS LTD SPONSOREDADR	8,438.95	8,640.00
ADR CPFL ENERGIA S A SPONSORED ADR	20,100.68	21,931.90
ADR CREDIT SUISSE GROUP SPONSORED ADR ISIN US2254011081	96,606.22	90,503.56
ADR CREDIT SUISSE GROUP SPONSORED ADR ISIN US2254011081	112,981.52	103,236.00
ADR CTRIP COM INTL LTD AMERICAN DEP SHS AMERICAN DEP SHS	140,112.44	147,887.88
ADR CTRIP COM INTL LTD AMERICAN DEP SHS AMERICAN DEP SHS	321,597.79	416,788.00
ADR DEUTSCHE TELEKOM AG ISIN # US2515661054	5,779.31	5,145.00
ADR DRDGOLD LTD SPONSORED ADR REPSTG 10 SHS	1,399.10	1,197.00
ADR DUOYUAN GLOBAL WTR INC SPONSORED ADR	113,666.81	110,918.00
ADR E ON AG SPONSORED ADR	64,097.23	53,471.84
ADR ECOPETROL S A SPONSORED ADS	26,078.95	24,260.00
ADR EDAP TMS S A SPONSORED	18,612.85	14,850.00
ADR E-HOUSE CHINA HLDGS LTD ADR	89,707.87	77,988.48
ADR ELAN CORP PLC ADR REPRESENTING SHS	57,791.10	51,292.84
ADR EMBOTELLADORA ANDINA S A SPONSORED ADR REPSTG SER A	7,130.45	7,627.59
ADR EMBRAER-EMPRESA BRASILEIRA DE AERONAUTICA S A SPONSR ADR REPSTG PFDSHS	3,272.49	2,211.00
ADR EMPRESA NACIONAL DE ELECTRICIDAD CHILE SPONSORED ADR	18,752.95	20,108.00

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ADR ENERSIS S A	33,434.38	42,016.68
ADR ENI S P A SPONSORED ADR	35,613.44	31,378.20
ADR ENSCO INTL PLC SPONSORED ADR	29,094.28	31,974.17
ADR ENSCO INTL PLC SPONSORED ADR	192,670.43	223,664.00
ADR ERICSSON L M TEL CO ADR CL B SEK 10 NEW ERICSSON L M TEL CO ADR	4,763.83	5,146.40
ADR ERICSSON L M TEL CO ADR CL B SEK 10 NEW ERICSSON L M TEL CO ADR	145,827.09	128,660.00
ADR EUROPEAN AERONAUTIC DEFENCE & SPACE CO EADS NV UNSPONSORED ADR ADR	22,341.78	21,239.55
ADR FAST RETAILING CO LTD ADR	3,842.55	6,005.02
ADR FIBRIA CELULOSE S A SPONSORED ADR REPSTG COM SHS	43,056.66	62,558.76
ADR FOCUS MEDIA HLDG LTD SPONSORED ADR	42,249.53	35,028.50
ADR FOMENTO ECONOMICO MEXICANA SAB DE CV	5,185.35	9,576.00
ADR FORTESCUE METALS GROUP LTD ADR	3,608.95	3,860.00
ADR FRANCE TELECOM	18,104.30	18,930.00
ADR FUTUREMEDIA PLC SPONSORED ADR COM NEW DEC 2007 ADR	999.60	0.14
ADR GAFISA S A SPONSORED ADR REPSTG 2 COM SHS	57,557.42	59,671.84
ADR GAZPROM NEFT SPONSORED ADR	5,577.95	5,050.00
ADR GENESIS LEASE LTD ADR ADR	2,093.78	19,556.70
ADR GERDAU S A SPONSORED ADR	18,317.13	27,248.00
ADR GLAXOSMITHKLINE PLC SPONSORED ADR	94,079.82	85,598.50
ADR GLAXOSMITHKLINE PLC SPONSORED ADR	166,559.33	169,198.70
ADR GLAXOSMITHKLINE PLC SPONSORED ADR	773,798.80	676,000.00
ADR GOL LINHAS AEREAS INTELIGENTES SPONSORED ADR REPSTG PFD SHS	94,194.54	90,565.00
ADR GOLD FIELDS LTD NEW SPONSORED ADR	10,910.24	10,815.75
ADR GRUPO AEROPORTUAIRO DEL PACIFICO SABDE CV	6,104.20	6,252.00
ADR GRUPO AEROPORTUARIO DEL CENTRO NORTES A B DE C V SPONSORED ADR	3,854.95	3,984.00
ADR GRUPO CASA SABA S A DE C V SPONSOREDADR	5,817.40	4,636.00
ADR GRUPO SIMEC SAB	306.43	210.00
ADR GRUPO TELEVISA SA DE CV SPONSORED ADR REPSTG ORD PARTN SPONS ADR	17,846.03	16,608.00
ADR GUSHAN ENVIRONMENTAL ENERGY LTD SPONSORED ADR	17,110.49	5,874.00
ADR HDFC BK LTD ADR REPSTG 3 SHS	77,597.17	87,153.60
ADR HITACHI LTD A.D.R. FOR 10 COM	124,469.32	64,428.00
ADR HOME INNS & HOTELS MGMT INC SPONSORED ADR	30,730.00	31,815.00
ADR HONDA MOTOR CO. LTD AMER DEPOSITARY SHARES REPRESENTING 10 SHARES OF COMMON	51,384.07	63,054.00
ADR HSBC HLDGS PLC SPONSORED ADR NEW	79,632.34	63,541.17
ADR HSBC HLDGS PLC SPONSORED ADR NEW	266,811.25	224,991.69
ADR HUANENG PWR INTL INC SPONSORED ADR SER N SHS	7,703.29	6,720.00
ADR HUTCHISON TELECOMMUNICATIONS HONG KONG HLDGS LTD ADR	31,974.93	2,258,935.28
ADR HUTCHISON TELECOMMUNICATIONS INTL LTD SPONSORED ADR	739.77	605.01
ADR IBERDROLA S A SPONSORED ADR REPSTG 1ORD SHS	19,218.51	19,140.00
ADR ICICI BK LTD	15,300.94	15,759.80
ADR ICICI BK LTD	684,543.48	879,170.94
ADR IMPALA PLATINUM HLDGS LTD SPONSORED ADR REPSTG 1/4 SH	19,752.73	20,123.25
ADR INFINEON TECHNOLOGIES AG SPONSORED ADR ADR STK ISIN# US45662N1037	13,782.88	7,236.97
ADR INFOSYS TECHNOLOGIES LTD SPONSORED ADR REPSTG 1 EQUITY SH	3,208.00	4,255.79
ADR INFOSYS TECHNOLOGIES LTD SPONSORED ADR REPSTG 1 EQUITY SH	453,963.81	701,376.30
ADR ING GROEP N V SPONSORED ADR	46,563.17	31,146.75
ADR INTERCONTINENTAL HOTELS GROUP PLC NEW SPONSORED ADR NEW JUNE 2007	1,373.97	2,874.00
ADR INTESA SANPAOLO S P A SPONSORED ADR REPSTG ORD SHS ADR	30,030.14	25,761.53
ADR IRELAND BK SPONSORED	123,887.01	83,861.68
ADR JA SOLAR HLDGS CO LTD SPONSORED ADR	60,250.39	77,252.10
ADR JIANGXI COPPER CO LTD SPONSORED ADR	4,896.45	4,735.58
ADR JSC MMC NORILSK NICKEL SPONSORED ADR	146,527.37	77,820.05
ADR JSC MMC NORILSK NICKEL SPONSORED ADR	154,230.36	113,024.18
ADR KEPPEL LTD SPONSORED	4,061.95	4,103.37
ADR KONGZHONG CORP SPONSORED ADR	30,303.97	40,887.00
ADR KONINKLIJKE PHILIPS ELECTRS N V N Y REGISTRY SH NEW 2000	17,353.09	21,344.00
ADR KONINKLIJKE PHILIPS ELECTRS N V N Y REGISTRY SH NEW 2000	79,048.73	67,712.00
ADR KOREA ELEC PWR CORP SPONSORED ADR ISIN #US5006311063	15,011.69	20,356.00
ADR KUBOTA CORP	3,774.47	4,381.40
ADR LAN AIRL S A	10,932.79	14,919.65
ADR LDK SOLAR CO LTD SPONSORED ADR	42,846.04	19,859.33
ADR LENOVO GROUP LTD SPONSORED ADR	12,388.30	16,295.89
ADR LIHIR GOLD LTD SPONSORED ADR	81,804.99	75,274.17
ADR LONGTOP FINL TECHNOLOGIES LTD ADR	232,095.85	304,008.24
ADR M 2003 PLC SPONSORED ADR	4,800.70	6.00
ADR MECHEL OAO SPONSORED ADR	58,952.97	59,320.64
ADR MECHEL OAO SPONSORED ADR	115,581.15	122,085.34
ADR METAL STORM LTD SPONSORED ADR	5,539.48	719.40
ADR MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A	68,524.83	79,372.80

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ADR MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A	256,814.02	229,299.20
ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR	56,450.21	30,258.00
ADR MIZUHO FINL GROUP INC SPONSORED ADR	1,275.95	356.00
ADR MOBILE TELESYSTEMS OJSC SPONSORED	4,433.31	4,889.00
ADR NATIONAL GRID TRANSCO PLC SPONSORED ADR NEW	12,743.96	12,561.78
ADR NATUZZI S P A ADR	2,631.60	1,130.50
ADR NESTLE S A SPONSORED ADR REPSTG REG SH	130,111.80	149,961.00
ADR NESTLE S A SPONSORED ADR REPSTG REG SH	341,073.66	455,940.50
ADR NET SERVICOS DE COMUNICACAO S A SPONSORED ADR REPSTG PFD NEW	19,913.94	19,618.50
ADR NET SERVICOS DE COMUNICACAO S A SPONSORED ADR REPSTG PFD NEW	270,385.38	280,071.00
ADR NEW ORIENTAL ED & TECHNOLOGY GROUP INC SPONSORED ADR REPSTG COM	11,572.12	12,929.31
ADR NEWCREST MNG LTD SPONSORED ADR	160,969.54	240,048.79
ADR NINTENDO LTD	26,051.74	18,111.16
ADR NOAH ED HLDGS LTD ADR	600.24	489.00
ADR NOKIA CORP SPONSORED ADR	95,117.93	71,381.75
ADR NOKIA CORP SPONSORED ADR	124,413.80	122,075.00
ADR NOKIA CORP SPONSORED ADR	251,352.86	299,405.00
ADR NOMURA HLDGS INC SPONSORED ADR	42,337.95	30,843.20
ADR NOVARTIS AG	95,748.68	101,838.53
ADR NOVARTIS AG	743,927.08	762,020.00
ADR NOVO-NORDISK A S ADR	21,062.59	21,070.50
ADR NTT DOCOMO INC SPONSORED ADR	610.15	461.34
ADR OAO GAZPROM LEVEL 1 ADR	51,037.41	41,430.21
ADR OIL CO LUKOIL SPONSORED ADR	477,159.46	307,380.00
ADR OPEN JT STK CO-VIMPEL COMMUNICATIONSSPONSORED ADR	53,936.28	55,770.00
ADR OPEN JT STK CO-VIMPEL COMMUNICATIONSSPONSORED ADR	364,838.06	386,263.02
ADR PANASONIC CORP ADR ADR	34,694.94	27,322.40
ADR PANASONIC CORP ADR ADR	333,444.68	322,875.00
ADR PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B	1,955.97	1,577.60
ADR PERUSAHAAN PERSEROAN PERSERO P T TELEKOMUNIKIASI INDONESIA SPONSORED ADR	32,936.07	35,395.70
ADR PETROCHINA CO LTD SPONSORED ADR	96,575.20	97,256.10
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	515,877.73	630,377.28
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	703,729.33	821,431.04
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR NON VTG	27,815.44	23,314.50
ADR POSCO SPONSORED ADR	52,816.92	65,156.70
ADR PRANA BIOTECHNOLOGY LTD SPONSORED ADR	2,964.79	1,320.00
ADR RANDGOLD RES LTD ADR	55,825.83	53,973.48
ADR REDIFF COM INDIA LTD SPONSORED ADR ISIN# US7574791007	4,133.74	1,260.02
ADR RENESOLA LTD SPONSORED ADS ADR	2,596.40	2,665.60
ADR REPSOL YPF S A SPONSORED ADR	10,048.88	11,383.82
ADR RIO TINTO PLC SPONSORED ADR	131,029.51	154,650.02
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104	35,191.95	39,668.00
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104	85,984.91	94,386.41
ADR ROYAL BK SCOTLAND GROUP PLC SPONSORED ADR REPSTG 20 ORD SH	24,230.43	16,902.00
ADR ROYAL BK SCOTLAND GROUP PLC ADR REPSTG PREF SHS SER Q	1,444.90	2,196.30
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS	65,859.63	66,121.00
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS	107,616.83	132,242.00
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS	48,770.52	52,317.00
ADR SADIA S A SPONSORED ADR REPTG 30 PFDSHS	7,250.00	4,130.12
ADR SANOFI-AVENTIS SPONSORED ADR	38,947.57	40,526.64
ADR SANOFI-AVENTIS SPONSORED ADR	529,375.19	490,875.00
ADR SAP AG SPONSORED ADR	16,631.90	18,724.00
ADR SAP AG SPONSORED ADR	730,400.39	669,383.00
ADR SASOL LTD SPONSORED ADR	45,639.31	48,407.28
ADR SATYAM COMPUTER SVCS LTD AMERN DEPOSITORY RCPT ISIN US8040981016	29,755.56	26,986.94
ADR SCMP GROUP LTD SPONSORED ADR	2,109.95	1,070.40
ADR SEMICONDUCTOR MFG INTL CORP SPONSORED ADR	3,148.95	3,240.00
ADR SHANDA INTERACTIVE ENTMT LTD SPONSORED ADR	34,449.54	35,038.26
ADR SIEMENS AG COM DM50 (NEW)	165,475.04	163,226.00
ADR SILEX SYS LTD SPONSORED ADR	95,719.07	66,047.28
ADR SILICON MOTION TECHNOLOGY CORP SPONSORED ADR REPSTG SHS	18,849.96	5,251.40
ADR SILICONWARE PRECISION INDS LTD SPONSORED	1,352.11	1,402.00
ADR SINOPEC SHANGHAI PETROCHEMICAL CO LTD SPONSORED ADR REPSTG CL H SHS	13,004.89	7,820.00
ADR SK TELECOM LTD SPONSORED ADR	6,384.86	5,691.00
ADR SOCIEDAD QUIMICA Y MINERA DE CHILE SA SPONSORED ADR REPSTG SER B SHS	112,372.17	127,550.15
ADR SOLARFUN PWR HLDGS CO LTD SPONSORED ADR	80,923.88	134,288.00
ADR SONY CORP AMERN SH NEW	100,875.91	73,921.00
ADR SONY CORP AMERN SH NEW	526,710.92	426,300.00
ADR SPONSORED ADR	59,334.42	63,105.85
ADR STARPHARMA HLDGS LTD SPONSORED ADR ADR	10,677.75	15,625.75

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost		Current Value
ADR STERLITE INDS INDIA LTD ADS	39,380.23		39,446.30
ADR SUMITOMO MITSUI FINL GROUP INC ADR	26,690.59		12,571.87
ADR SUNTECH PWR HLDGS CO LTD ADR	312,394.04		319,445.67
ADR SYNGENTA AG SPONSORED ADR	17,840.63		19,131.80
ADR TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR	33,937.39		36,791.04
ADR TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR	478,716.63		529,466.08
ADR TAM S A SPONSORED ADR REPSTG PFD	9,110.23		6,666.00
ADR TATA COMMUNICATIONS LTD SPONSORED ADR ADR	5,508.95		2,890.00
ADR TATA MTRS LTD SPONSORED ADR	15,398.38		35,406.00
ADR TELECOM CORP NEW ZEALAND LTD SPONSORED ADR	21,651.45		19,876.89
ADR TELECOMUICACOES DE SAO PAULO S A TELESP SPONSORED ADR REPSTG PFD	9,797.17		8,989.20
ADR TELEFONICA S A SPONSORED	58,830.39		59,716.80
ADR TELEFONOS DE MEXICO S A SPONSORED ADR REPSTG SH ORD L	1,983.95		1,309.82
ADR TELSTRA CORP LTD SPONSORED ADR FINALINSTALMENT	7,579.80		7,711.80
ADR TENARIS S A SPONSORED ADR	26,924.72		38,385.00
ADR TERNIUM S A SPONSORED ADR	1,394.73		1,771.00
ADR TEVA PHARMACEUTICAL INDS	248,157.17		282,529.22
ADR TEVA PHARMACEUTICAL INDS	384,874.16		488,766.00
ADR TEVA PHARMACEUTICAL INDS	476,568.65		550,788.72
ADR TEVA PHARMACEUTICAL INDS	1,000,615.37		1,286,522.00
ADR TEVA PHARMACEUTICAL INDS	1,427,724.87		1,769,445.28
ADR THE9 LTD ADR ADR	5,872.30		2,166.00
ADR TOMKINS PLC SPONSORED ADR	9,698.60		12,490.00
ADR TORM A/S SPONSORED ADR	3,009.25		985.00
ADR TOTAL SA	82,470.46		85,173.20
ADR TOTAL SA	291,812.06		318,855.16
ADR TOYOTA MTR CORP ADR FOR 2 COM	375,879.79		345,308.48
ADR TRINITY BIOTECH PLC SPONSORED ADR NEW	9,389.77		3,547.12
ADR TURKCELL ILETISIM HIZMETLERI A S SPONSORED ADR NEW	14,859.15		13,992.00
ADR UBS PFD FDG TR IV TR PFD SECS FLTG RATE	0.00		0.31
ADR ULTRAPAR PARTICIPACOES S A SPONSORED# US90400P1012	8,839.79		14,070.00
ADR UNILEVER N V NEW YORK SHS NEW	83,061.72		92,981.08
ADR UNILEVER PLC SPONSORED ADR NEW	26,131.11		28,656.82
ADR UNITED MICROELECTRONICS CORP SPONSORED ADR NEW	11,071.28		12,125.00
ADR VALE S A ADR	386,011.99		656,078.00
ADR VALE S A ADR	430,581.41		544,399.59
ADR VANCEINFO TECHNOLOGIES INC ADR ADR	78,298.98		79,952.02
ADR VEOLIA ENVIRONNEMENT SPONSORED ADR	90,518.85		69,639.84
ADR VEOLIA ENVIRONNEMENT SPONSORED ADR	242,713.69		269,616.00
ADR VESTAS WIND SYS A/S UTD KINGDOM UNSPONSORED ADR REPSTG 3 ORD SHS	20,689.72		21,024.21
ADR VISIONCHINA MEDIA INC SPONSORED ADR	3,449.05		3,276.00
ADR VIVO PARTICIPACOES S A SPONSORED ADRREPSTG PFD NEW	14,422.09		18,600.00
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR	27,209.49		28,092.26
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR	198,553.87		230,900.00
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR	351,299.91		356,855.95
ADR WESTPAC BKG LTD SPONSORED A.D.R.	10,727.80		11,867.10
ADR WIMM-BILL-DANN FOODS OJSC SPONSORED ADR	52,810.67		50,519.60
ADR WIPRO LTD SPONSORED ADR REPSTG 1 SH SPONSORED ADR REPSTG 1 SH\COM\	23,629.52		37,302.25
ADR WSP HLDGS LTD ADR	33,153.78		20,354.95
ADR WUXI PHARMATECH CAYMAN INC SPONSOREDADR REPSTG ORD SHS ADR	12,225.30		15,960.00
ADR XINYUAN REAL ESTATE CO LTD SPONSOREDADR	1,396.35		1,341.00
ADR YANZHOU COAL MNG CO LTD ISIN US9848461052	69,052.43		88,411.50
ADR YINGLI GREEN ENERGY HLDG CO LTD ADR ADR	40,051.61		47,999.16
ADR YINGLI GREEN ENERGY HLDG CO LTD ADR ADR	174,153.58		292,801.20
ADVANCE AMER CASH ADVANCE CTRS INC COM STK	48,529.41		51,708.00
ADVANCE AMER CASH ADVANCE CTRS INC COM STK	115,754.38		49,484.00
ADVANCE AMER CASH ADVANCE CTRS INC COM STK	198,303.15		219,620.00
ADVANCE AUTO PTS INC COM	4,946.18		5,060.00
ADVANCE AUTO PTS INC COM	128,292.45		134,798.40
ADVANCED ANALOGIC TECHNOLOGIES INC COM	17,925.96		15,366.00
ADVANCED ANALOGIC TECHNOLOGIES INC COM	167,075.85		142,234.00
ADVANCED BATTERY TECHNOLOGIES INC COM COM	12,894.52		13,100.00
ADVANCED CELL TECHNOLOGY INC COM	11,396.42		8,206.40
ADVANCED DEPOSITION TECHNOLOGIES INC COM	1,506.39		0.00
ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC CL A CL A	19,689.50		16,140.80
ADVANCED GROWING SYS INC NEV COM	4,399.65		124.00
ADVANCED ID CORP COM	11,240.98		377.50
ADVANCED MED INST INC COM	2,008.95		1,000.00
ADVANCED MICRO DEVICES COM STK CALL OPT EXP 4/17/10 PR $9 PER SH	(89.54	)	(310.00	)
ADVANCED MICRO DEVICES INC COM	185,290.08		408,254.00

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ADVANCED MICRO DEVICES INC COM	235,918.71	149,072.00
ADVANCED OPTICS ELECTRONICS INC COM	9,411.96	200.00
ADVANCED POWERLINE TECHNOLOGIES INC COM	3,635.90	0.70
ADVANCED VIRAL RESH CORP COM	13,629.35	100.00
ADVANTA BK CORP DRAPER UT CTF DEP DTD 10/01/2008 ACT/365 5 10-01-2013	10,000.00	10,000.00
ADVANTA BK CORP DRAPER UTAH CTF DEP DTD 10-22-2008 4.45 10-24-2011	60,000.00	60,000.00
ADVANTA BK CORP DRAPER UTAH CTF DEP DTD 10-22-2008 4.95 10-22-2013	50,000.00	50,000.00
ADVANTA CORP CL B	8,712.06	104.30
ADVANTA CORP PFD STK	0.00	1,810.00
ADVANTAGE OIL & GAS LTD	2,446.01	34,686.40
ADVANTAGE OIL & GAS LTD COM DO NOT USESEE 2053303	70,375.77	0.00
ADVENTRX PHARMACEUTICALS INC COM STK	24,632.21	35,164.95
AECOM TECHNOLOGY CORP DELAWARE COM	20,188.38	21,175.00
AECOM TECHNOLOGY CORP DELAWARE COM	264,836.93	290,675.00
AEGEAN MARINE PETROLEUM NETWORK INC COM STK USD0.01	3,318.69	5,770.80
AEGIS ASSMTS INC COM	3,578.85	1.80
AEGON N V PERP CAP SECS 6.375% PFD STK	11,824.95	12,533.99
AEHR TEST SYS COM	116.85	132.00
AEOLUS PHARMACEUTICALS INC COM	503.95	480.00
AEON CO LTD NPV	185,161.77	198,098.71
AEON CREDIT SERV NPV	338,665.71	187,364.73
AERCAP HOLDINGS N.V. EUR0.01	12,266.90	13,590.00
AERO PERFORMANCE PRODS INC COM STK	2,808.20	699.00
AEROFOAM METALS INC COM	5,138.44	3.00
AEROPOSTALE COM	88,299.47	119,175.00
AEROPOSTALE COM	132,254.21	117,472.50
AEROVIRONMENT INC COM	88,088.88	73,863.20
AES CORP 7.75 DUE 03-01-2014/02-13-2004 BEO	5,300.00	5,075.00
AES CORP 8% DUE 06-01-2020	80,000.00	81,400.00
AES CORP COM	16,294.35	14,814.03
AES CORP COM	356,126.76	243,573.00
AES CORP SR NT 7.75% DUE 10-15-2015 REG	40,000.00	40,600.00
AES TR III TR PFD STK CONV SECS	4,939.95	4,625.00
AETERNA ZENTARIS INC COM	1,695.78	1,533.11
AETNA INC	52,468.05	47,429.35
AETNA INC	179,722.38	373,933.20
AETNA INC	248,711.37	294,810.00
AETRIUM INC COM STK USD0.001	4,149.95	2,590.00
AFFILIATED MANAGERS GROUP INC COM STK	16,979.40	13,672.05
AFFILIATED MANAGERS GROUP INC COM STK	293,791.66	307,116.00
AFFILIATED MANAGERS GROUP INC COM STK	1,061,129.67	1,003,515.00
AFFYMETRIX INC OC-CAP STK	1,929.94	1,401.60
AFFYMETRIX INC OC-CAP STK	80,878.64	84,680.00
AFLAC INC COM	176,449.08	217,198.46
AFLAC INC COM	403,934.67	587,375.00
AFRICA OIL CORP COM STK	1,455.54	2,289.20
AGCO CORP COM	9,673.34	6,468.00
AGCO CORP COM	109,742.94	132,594.00
AGCO CORP COM	170,571.85	193,393.20
AGCO CORP COM	259,609.46	355,740.00
AGCO CORP COM	339,116.62	406,028.70
AGFEED INDS INC COM STK	4,763.45	4,125.00
AGILE PROPERTY HLD HKD0.10	107,565.41	127,574.49
AGILENT TECHNOLOGIES INC COM	974.66	932.10
AGILENT TECHNOLOGIES INC COM	250,837.86	292,648.33
AGL RES INC COM	48,126.58	45,846.69
AGNICO EAGLE MINES LTD COM	161,347.07	178,200.00
AGNICO EAGLE MINES LTD COM	377,019.85	350,298.00
AGREE RLTY CORP COM	2,375.95	2,329.00
AGRIUM INC COM	94,760.56	97,477.50
AIR LIQUIDE(L’) EUR5.50	729,688.65	809,065.36
AIR METHODS CORP COM NEW COM NEW	3,431.33	3,362.00
AIR PROD & CHEM INC COM	90,211.56	91,345.70
AIR PROD & CHEM INC COM	148,406.08	212,782.50
AIR PROD & CHEM INC COM	232,609.22	462,042.00
AIR PROD & CHEM INC COM	296,617.97	453,936.00
AIR TRANS SVCS GROUP INC COM STK	11,279.70	7,920.00
AIRCASTLE LIMITED COM STK	41,252.37	46,295.00
AIRCASTLE LIMITED COM STK	56,446.96	41,025.25
AIRGAS INC COM	15,179.56	16,660.00

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
AIRGAS INC COM	106,070.42	109,480.00
AIRGAS INC COM	217,496.35	249,424.00
AIRGAS INC COM	265,615.94	271,320.00
AIRNET COMMUNICATIONS CORP COM NEW STK	3,389.37	0.40
AIRSCOOTER CORP COM	12,637.09	3,355.00
AIRSPAN NETWORKS INC COM NEW COM	25,623.18	731.46
AIRTECH INTL GROUP INC COM NEW	6,883.43	0.00
AIRTRAN HLDGS INC COM	119,690.39	135,198.00
AIRTRAN HLDGS INC COM	273,464.95	273,481.02
AIRVANA INC COM STK	13,759.82	17,480.00
AISIN SEIKI CO NPV	118,901.92	217,219.64
AK STL HLDG CORP COM STK PAR $0.01	91,554.72	92,927.86
AK STL HLDG CORP COM STK PAR $0.01	185,882.63	66,185.00
AKAMAI TECHNOLOGIES INC COM STK	82,430.25	107,061.50
AKAMAI TECHNOLOGIES INC COM STK	212,110.48	119,051.00
AKEENA SOLAR INC COM STK	21,666.70	14,113.75
AKORN INC COM	5,290.08	7,160.00
AKZO NOBEL NV EUR2	501,060.78	529,210.18
AKZO NOBEL NV EUR2	668,504.03	660,903.02
ALASKA AIR GROUP INC COM	6,655.82	13,824.00
ALASKA AIR GROUP INC COM	113,750.77	229,132.80
ALASKA COMMUNICATIONS SYS GROUP INC COM ISIN US01167P1012	77,938.37	66,913.72
ALBANY MOLECULAR RESH INC COM	305,445.19	310,545.08
ALBERTA STAR DEV CORP COM	197,618.36	36,559.80
ALBERTO-CULVER CO NEW COM STK	217,079.41	239,592.20
ALBERTSONS INC SR NT 8.35 DUE 05-01-2010BEO	10,490.82	10,087.50
ALCOA INC 6% DUE 07-15-2013	119,622.00	126,411.84
ALCOA INC COM STK	430,780.92	546,215.29
ALCOA INC COM STK	477,794.43	427,437.92
ALCOA INC NT 6.5 DUE 06-01-2011 BEO FOR STATE DEPOSIT ONLY	9,110.00	10,562.07
ALCON INC COM CHF0.20	24,478.31	34,020.45
ALDERSHOT RES LTD NEW COM STK	252.75	57.20
ALEXANDER & BALDWIN INC COM	16,193.26	11,980.50
ALEXANDER & BALDWIN INC COM	386,961.33	451,836.00
ALEXANDRIA REAL ESTATE EQUITIES INC COM	210,003.19	279,018.60
ALEXCO RESOURCE CORP COM STK	29,079.90	50,760.00
ALEXION PHARMACEUTICALS INC COM	3,378.59	3,661.50
ALEXION PHARMACEUTICALS INC COM	206,542.81	304,148.60
ALFA LAVAL AB NPV	89,013.31	91,456.25
ALGONQUIN PWR & UTILS CORP COM	7,043.65	3,901.30
ALICO INC COM	1,339.71	925.95
ALIGN TECHNOLOGY INC COM	1,537.96	1,782.00
ALKERMES INC COM	4,932.35	4,705.00
ALL FUELS & ENERGY CO COM STK	2,154.95	1.74
ALLEGHENY ENERGY INC COM	3,240.89	1,956.64
ALLEGHENY ENERGY INC COM	159,346.13	110,356.00
ALLEGHENY ENERGY INC COM	397,268.57	385,072.00
ALLEGHENY TECHNOLOGIES INC COM	43,939.25	62,240.10
ALLEGHENY TECHNOLOGIES INC COM	94,882.06	121,147.62
ALLEGHENY TECHNOLOGIES INC COM	248,424.53	353,683.00
ALLEGHENY TECHNOLOGIES INC COM	325,034.52	510,378.00
ALLEN VANGUARD CORP COM STK	7,263.90	0.00
ALLERGAN INC COM	4,800.00	5,460.32
ALLERGAN INC COM	231,077.56	529,284.00
ALLIANCE 1 INTL INC COM	4,051.03	4,880.00
ALLIANCE 1 INTL INC COM	131,585.05	169,536.08
ALLIANCE DATA SYS CORP COM	64,895.46	58,131.00
ALLIANCE HEALTHCARE SERVICES	3,232.03	2,284.00
ALLIANCE HLDGS GP L P	2,306.34	2,719.37
ALLIANCE RES PARTNERS L P UNIT LTD PARTNER INT COM STCK	55,361.98	67,244.06
ALLIANCEBERNSTEIN HLDG L P UNIT LTD	2,517.22	2,810.00
ALLIANT ENERGY CORP COM ISIN #US0188021085	3,898.55	4,327.18
ALLIANT ENERGY CORP COM ISIN #US0188021085	285,743.78	305,626.00
ALLIANT TECHSYSTEMS INC COM	7,940.00	7,944.30
ALLIANT TECHSYSTEMS INC COM	225,615.30	251,922.58
ALLIANZ FDS CCM MID-CAP FD CL D	9,121.62	6,544.73
ALLIANZ FDS NACM PAC RIM FD CL D	163,470.89	121,472.59
ALLIANZ SE (SE SOCIETAS EUROPEAE)	1,196,008.07	896,200.05
ALLIED CAP CORP NEW COM	90,372.38	32,255.90
ALLIED ENERGY INC FLA COM	539.95	147.50

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost	Current Value
ALLIED HEALTHCARE INTL INC COM	7,515.31	7,275.00
ALLIED MOTION TECHNOLOGIES INC COM	4,590.68	2,520.10
ALLIED NEV GOLD CORP COM STK	13,538.81	29,873.48
ALLIED WASTE N AMER INC ALLIED WASTE NA 5.75 DUE 02-15-2011 BEO	13,714.62	15,675.00
ALLIED WORLD ASSURANCE COM STK	4,893.95	4,607.00
ALLIED WORLD ASSURANCE COM STK	60,011.38	78,319.00
ALLIED WORLD ASSURANCE COM STK	126,734.27	138,210.00
ALLIS-CHALMERS ENERGY INC FORMERLY ALLI COM PAR $0.01 NEW	6,552.77	3,513.64
ALLIS-CHALMERS ENERGY INC FORMERLY ALLI SR NT 9 DUE 01-15-2014 BEO	4,660.00	4,775.00
ALLOS THERAPEUTICS INC COM ISIN US019777101	20,175.96	16,450.00
ALLOY INC COM NEW STK	1,261.93	1,167.00
ALLSCRIPT-MISYS HEALTHCARE SOLUTIONS INC	51,554.03	62,004.95
ALLSCRIPT-MISYS HEALTHCARE SOLUTIONS INC	119,831.24	158,603.20
ALLSTATE CORP COM	48,464.30	35,570.60
ALLSTATE CORP COM	279,008.67	297,396.00
ALLSTATE CORP COM	379,789.06	465,620.00
ALLSTATE CORP COM	384,033.33	439,425.12
ALLSTATE CORP COM	728,366.80	477,305.56
ALLSTATE LIFE GL FDG SECD MED TRM TRANCHE # TR 00039 5.375 DUE 4-30-2013	59,940.00	64,048.44
ALMADEN MINERALS LTD COM STK	7,063.55	6,519.45
ALMOST FAMILY INC COM	7,634.40	11,068.40
ALNYLAM PHARMACEUTICALS INC COM	405,530.24	327,732.00
ALON USA ENERGY INC COM STK	14,768.45	13,680.00
ALON USA ENERGY INC COM STK	16,842.31	9,576.00
ALPHA NAT RES INC COM STK	68,244.10	84,851.28
ALPHA NAT RES INC COM STK	234,427.98	414,018.72
ALPHA PRO TECH LTD COM	8,507.99	6,102.00
ALPHATEC HLDGS INC COM STK	2,614.95	2,670.00
ALPHATRADE COM NEW STK	114.95	7.25
ALPINE AIR EXPRESS INC COM NEW STK	14,006.30	4,294.20
ALPS ELECTRIC CO NPV	193,746.54	134,984.38
ALSTOM EUR7.0	937,231.66	756,408.26
ALTAIR NANOTECHNOLOGIES INC COM	30,791.31	14,872.00
ALTERA CORP COM	260,487.98	181,040.00
ALTERNATE ENERGY HLDGS INC COM STK	9,457.16	6,435.00
ALTIUS MINERALS CORP COM STK	19,580.49	22,873.68
ALTRIA GROUP INC COM	43,487.06	55,474.38
ALTRIA GROUP INC COM	592,726.06	1,107,132.00
ALTRIA GROUP INC COM	1,081,504.81	1,175,852.21
ALTRIA GROUP INC NT 8.5% DUE 11-10-2013 BEO	81,052.60	80,894.10
ALTRIA GROUP INC NT 9.7% DUE 11-10-2018 BEO	24,961.00	24,796.14
ALVARION LTD COM	11,281.84	6,694.60
AMAZON COM INC COM	343,214.08	390,108.00
AMAZON COM INC COM	485,918.11	1,224,132.00
AMAZON COM INC COM	620,171.31	1,116,516.00
AMAZON COM INC COM	642,957.72	678,384.36
AMAZON COM INC COM	659,419.84	1,264,488.00
AMAZON GOLDSANDS LTD COM STK	3,519.95	24.00
AMB PPTY CORP REIT	1,039.44	1,360.03
AMBAC FINL GROUP 9.375% DUE 08-01-2011	4,972.50	2,562.50
AMBAC FNCL GROUP COM STK	2,747.98	3,119.74
AMBASSADORS GROUP INC COM	4,738.46	3,997.60
AMCOR LIMITED NPV	29,363.98	34,038.84
AMCORE FINL INC COM	33,765.44	52,700.00
AMDOCS ORD GBP0.01	23,470.01	21,397.50
AMEDISYS INC COM	41,669.57	49,912.20
AMEDISYS INC COM	163,866.12	213,664.00
AMEDISYS INC COM	298,696.97	368,813.20
AMER ELEC PWR CO INC COM	86,606.64	98,609.54
AMER ELEC PWR CO INC COM	270,758.77	302,673.00
AMER ELEC PWR CO INC COM	360,258.73	313,110.00
AMER ELEC PWR CO INC COM	446,415.90	453,661.60
AMER FINL GROUP INC OH COM STK	58,776.79	58,044.53
AMER FINL GROUP INC OH COM STK	101,792.45	117,265.00
AMER FINL GROUP INC OH COM STK	139,767.95	187,125.00
AMER FINL GROUP INC OH COM STK	303,553.94	255,737.50
AMER GREETINGS CORP CL A COM	342,711.60	531,676.00
AMER INTL GRP 4% MTN 20/09/2011 EUR50000	191,360.06	269,251.80
AMER INTL GRP 5.375% MTN 18/10/2011 USD	33,031.00	35,131.25

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost		Current Value
AMER MOVIL S A B DE C V 5.625 DUE 11-15-2017 BEO	49,816.50		51,766.95
AMER MOVIL SAB DE C V SPONSORED ADR REPSTG SER L SHS	114,774.52		111,061.00
AMER MOVIL SAB DE C V SPONSORED ADR REPSTG SER L SHS	371,137.51		317,115.00
AMERADA HESS CORP 7.3% DUE 08-15-2031	169,249.73		176,139.83
AMERADA HESS CORP NT 7.875% DUE 10-01-2029/09-30-2029 BEO	57,790.80		59,967.70
AMEREN CORP COM	22,452.66		18,425.06
AMEREN CORP COM	251,696.51		178,880.00
AMERICAN APPAREL INC COM STK	7,054.54		3,100.00
AMERICAN BIO MEDICA CORP COM	15,880.90		2,180.00
AMERICAN CAP AGY CORP COM REIT FUND	18,649.65		20,354.77
AMERICAN CAP AGY CORP COM REIT FUND	195,260.26		222,936.00
AMERICAN CAP LTD COM STK	182,470.83		146,731.90
AMERICAN COML LINES INC COM PAR $0.01 COM PAR $0.01	3,418.49		916.50
AMERICAN DAIRY INC COM STK	28,810.20		30,352.00
AMERICAN EAGLE OUTFITTERS INC NEW COM	27,561.82		28,213.71
AMERICAN ENTERPRISE DEV CORP COM STK	277.90		12.00
AMERICAN EQUITY INVT LIFE HLDG CO COM	181,725.77		238,824.00
AMERICAN EXP TRAV FLTG RATE NTS 01/06/11USD1	89,125.00		96,730.00
AMERICAN EXPRESS BK FSB DTD 11-25-2009 1DUE 02-25-2011	59,000.00		0.00
AMERICAN EXPRESS CO	145,466.21		200,074.59
AMERICAN EXPRESS CO	686,196.72		798,244.00
AMERICAN EXPRESS CO	786,251.61		1,312,848.00
AMERICAN EXPRESS CO NT 7% DUE 03-19-2018REG	298,851.00		330,381.60
AMERICAN EXPRESS CO SUB DEB FLTG RATE VAR RT DUE 09-01-2066/09-01-2016	72,672.60		62,650.00
AMERICAN GEN CORP 7.5% DUE 08-11-2010	14,655.00		15,318.75
AMERICAN GEN FIN CORP MEDIUM TERM SR NTS-BOOK ENTRY MTN 4.875% DUE 07-15-2012	4,274.45		4,100.00
AMERICAN GREEN GROUP INC COM NEW COM NEW	864.95		0.00
AMERICAN HOME MTG INVT CORP COM STK	882.55		21.49
AMERICAN INTERNATIONAL GROUP INC COM	(98,319.83	)	296,382.28
AMERICAN INTERNATIONAL GROUP INC COM	2,354,230.92		110,146.52
AMERICAN INTL PETE CORP COM PAR $0.08 NEW COM PAR $0.08 NEW	3,347.50		0.00
AMERICAN LITHIUM MINERALS INC COM	27,357.21		9,639.00
AMERICAN OIL & GAS INC NEV NEW COM	13,678.87		21,966.00
AMERICAN PUB ED INC COM STK	7,252.29		7,078.16
AMERICAN RAILCAR INDS INC COM STK	791.10		1,102.00
AMERICAN RAILCAR INDS INC COM STK	75,203.06		25,346.00
AMERICAN REPROGRAPHICS CO COM	27,857.18		15,611.27
AMERICAN SEC RES CORP COM	3,527.80		700.00
AMERICAN SIERRA GOLD CORP COM STK	1,856.32		2,880.00
AMERICAN SUPERCONDUCTOR CORP SHS	65,257.49		79,550.50
AMERICAN SUPERCONDUCTOR CORP SHS	194,805.18		285,073.00
AMERICAN TECHNOLOGY CORP COM NEW COM NEW	3,443.80		1,480.00
AMERICAN TOWER CORP CL A	41,357.68		44,463.09
AMERICAN TOWER CORP CL A	467,780.68		470,989.00
AMERICAN UNITY INVTS INC FLA COM STK	2,159.75		4.00
AMERICAN WTR WKS CO INC NEW COM	20,052.06		20,770.17
AMERICAN WTR WKS CO INC NEW COM	231,445.09		252,784.80
AMERICAN WTR WKS CO INC NEW COM	323,628.15		396,657.00
AMERICAS CAR-MART INC COM	8,293.74		13,165.00
AMERICAS ENERGY CO COM	5,337.90		9,180.00
AMERICAS WIND ENERGY CORP COM	2,960.87		216.00
AMERIGO RES LTD	7,753.40		13,354.00
AMERIGROUP CORP COM	1,186.52		1,294.08
AMERIGROUP CORP COM	282,665.89		253,424.00
AMERIGROUP CORP COM	720,096.48		714,440.00
AMERIPRISE FINL INC COM	138,060.25		269,410.80
AMERIPRISE FINL INC COM	396,659.15		512,812.20
AMERIPRISE FINL INC SR NT 5.35% DUE 11-15-2010/11-23-2005 REG	901.00		1,027.83
AMERISAFE INC COM	21,276.74		25,158.00
AMERISOURCEBERGEN CORP COM	17,462.65		19,590.93
AMERISOURCEBERGEN CORP COM	107,821.21		112,101.00
AMERISOURCEBERGEN CORP COM	127,664.13		203,346.00
AMERISTAR CASINOS INC COM STK USD0.01	18,102.85		16,753.00
AMERITYRE CORP COM	66,941.32		11,594.00
AMERN AXLE & MFG 7.875% DUE 03-01-2017	4,233.00		4,225.00
AMERN AXLE & MFG HOLDINGS INC	715.95		802.00
AMERN CARESOURCE HLDGS INC COM	6,762.95		2,400.00
AMERN EXPRESS CENTURION BK NEWARK DEL BKNT VAR RT DUE 03-23-2010	267,000.00		299,781.60
AMERN EXPRESS CO 8.125% DUE 05-20-2019	5,042.50		5,941.45
AMERN EXPRESS CR 5.125% DUE 08-25-2014	289,721.60		305,582.57

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost		Current Value
AMERN GEN CORP 6.625 DUE 02-15-2029 BEO	21,355.00		23,925.00
AMERN HOMEPATIENT INC COM	938.95		390.00
AMERN INTL GROUP 8.25% DUE 08-15-2018	131,500.00		187,770.00
AMERN INTL GROUP 8.25% DUE 08-15-2018	240,000.00		225,324.00
AMERN INTL GROUP INC MEDIUM TERM NTS TRANCHE # TR 00027 5.6 10-18-2016BEO	31,058.75		32,800.00
AMERN INTL GROUP INC MEDIUM TERM NTS TRANCHE # TR 00079 5.85 DUE 01-16-2018	14,489.10		16,350.00
AMERN INTL GROUP INC MEDIUM TERM NTS TRANCHE # TR 00079 5.85 DUE 01-16-2018	19,889.80		16,410.58
AMERN INTL GROUP MTN 23/03/2012	266,756.31		344,609.12
AMERN ITALIAN PASTA CO CL A	9,309.17		10,437.00
AMERN MUN TERM TR INC II REMARKETED PFD	0.00		1,832.80
AMERN ORIENTAL BIOENGINEERING INC COM STK	10,030.02		10,629.90
AMERN ORIENTAL BIOENGINEERING INC COM STK	64,456.06		60,450.00
AMERN SCI & ENGR INC COM	30,749.13		38,040.43
AMERN SOFTWARE INC CL A	659.18		600.00
AMERN STS WTR CO COM	24,337.90		28,328.00
AMERN WOODMARK CORP COM	2,368.95		1,968.00
AMGEN INC COM	174,645.08		177,346.95
AMGEN INC COM	573,786.67		678,840.00
AMGEN INC COM	811,154.81		882,492.00
AMGEN INC COM	979,429.57		1,559,069.20
AMISH NATURALS INC COM STK	4,371.75		40.85
AMKOR TECHNOLOGY INC COM	275,320.54		191,172.00
AMN HEALTHCARE SVCS INC COM	41,297.28		21,744.00
AMOROCORP INC COM STK	1,030.00		0.00
AMPHENOL CORP NEW CL A	6,344.79		8,685.30
AMPHENOL CORP NEW CL A	184,401.80		217,046.00
AMR CORP COM	1,419,118.03		1,595,688.44
AMR CORP DEL PFD	1,755.14		2,032.66
AMR+BJ	(11,415.75	)	(12,500.00	)
AMR+HB	(2,500.00	)	0.00
AMSOUTH BANCORPORATION 6.75 DUE 11-01-2025 REG PUT	7,561.90		7,125.01
AMSURG CORP COM	7,258.52		6,231.66
AMYLIN PHARMACEUTICALS INC COM	6,283.84		7,095.00
ANADARKO FIN CO SR NT 7.5% DUE 05-01-2031/08-27-2001 BEO	33,635.40		33,655.38
ANADARKO PETE CORP SR NT 6.45% DUE 09-15-2036/09-19-2006 BEO	150,240.18		156,655.35
ANADARKO PETE CORP SR NT 8.7% DUE 03-15-2019 REG	59,811.00		74,634.96
ANADARKO PETRO CORP COM	219,871.96		241,937.42
ANADARKO PETRO CORP COM	356,850.03		368,278.00
ANADARKO PETRO CORP COM	410,639.87		837,426.72
ANADARKO PETRO CORP COM	465,273.39		443,182.00
ANADIGICS INC COM	6,019.82		5,654.80
ANALOG DEVICES INC COM	1,495.75		2,084.28
ANALOG DEVICES INC COM	250,786.96		249,482.00
ANALOGIC CORP COM PAR $0.05	376,362.29		394,342.40
ANALYSTS INTL CORP COM	6,839.98		2,010.00
ANAVEX LIFE SCIENCES CORP COM STK	51,973.81		21,500.00
ANCESTRY COM INC COM	12,338.81		12,609.00
ANCHOR GRAIN 3RD PFD STK	0.00		25,366.50
ANDERSONS INC COM	24,041.83		15,492.00
ANDERSONS INC COM	106,808.17		90,370.00
ANDERSONS INC COM	120,744.82		90,370.00
ANDERSONS INC COM	286,638.93		285,440.10
ANDINA MINERALS INC COM STK	15,983.43		43,829.99
ANDREA ELECTRS CORP COM	70.80		12.00
ANHEUSER-BUSCH INBEV NV	902,438.08		1,248,198.22
ANIMAL HEALTH INTL INC COM	3,687.34		1,200.00
ANNALY CAP MGMT INC COM	399,566.81		413,832.20
ANNALY CAP MGMT INC COM	536,103.64		562,170.99
ANNTAYLOR STORES CORP COM	8,812.56		8,184.00
ANTARES PHARMA INC COM	2,109.95		1,710.00
ANTHRACITE CAP INC COM	1,594.57		22.19
ANTIGENICS INC DEL COM STOCK	23,104.68		7,424.00
ANTRIM ENERGY INC COM	820.73		360.57
ANWORTH MTG AST CORP COM	15,687.97		14,000.00
ANWORTH MTG AST CORP COM	626,441.38		556,500.00
AOL INC COM STK	9,055.20		8,962.80
AOL INC COM STK	55,994.80		52,263.60
AOL TIME WARNER INC DEB DTD 04/19/2001 7.625% DUE 04-15-2031/04-14-2031 BEO	68,424.87		81,313.96
AON CORP COM	6,492.19		6,172.97
AON CORP COM	220,400.57		211,905.18

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost		Current Value
AON CORP COM	222,177.13		287,550.00
APACHE CORP COM	263,446.62		347,753.47
APACHE CORP COM	302,594.79		424,544.55
APACHE CORP COM	357,463.19		309,510.00
APACHE CORP COM	369,389.64		948,132.30
APACHE CORP NT 6% DUE 09-15-2013 REG	109,423.60		121,717.09
APARTMENT INVT & MGMT CO CL A	4,571.58		4,569.04
APARTMENT INVT & MGMT CO CL A	71,151.15		50,832.56
APEX SILVER MINE LTD COM STK	10,294.31		0.00
APOGEE ENTERPRISES INC COM	3,696.25		3,454.39
APOGEE ENTERPRISES INC COM	40,512.66		43,400.00
APOGEE ENTERPRISES INC COM	521,436.19		337,400.00
APOGEE TECH INC COM STK	14,354.85		6,300.00
APOLLO GOLD CORP YUKON COM DO NOT USE SEE 2009928	1,213.85		1,175.00
APOLLO GROUP INC CL A	49,558.97		47,858.20
APOLLO GROUP INC CL A	104,090.11		103,894.70
APOLLO GROUP INC CL A	185,214.99		212,030.00
APOLLO GROUP INC CL A	1,111,155.82		1,138,904.00
APOLLO INVT CORP COM SH BEN INT	91,550.13		88,629.00
APOLLO INVT CORP COM SH BEN INT	194,878.95		151,927.74
APOLLO PICTURES INC SER B CONV PFD	0.00		154.50
A-POWER ENERGY GENERATION SYSTEMS LTD COM STK USD0.0001	56,203.24		85,780.10
APPIANT TECHNOLOGIES INC COM	554.95		0.75
APPLE INC	654,293.55		991,042.00
APPLE INC	914,321.74		1,539,278.00
APPLE INC	1,104,663.03		5,187,156.00
APPLE INC	1,392,340.40		2,777,869.64
APPLE INC	1,578,272.98		2,235,116.00
APPLE INC	12,901,578.68		16,265,138.69
APPLE INC COM STK CALL OPT EXP 2/20/10 PR $210 PER SH	(3,910.42	)	(2,550.00	)
APPLE INC COM STK CALL OPT EXP 5/16/09 PR $130 PER SH	(1,564.00	)	0.00
APPLE INC COM STK CALL OPT EXP 7/17/10 PR $210 PER SH	0.00		(35,325.00	)
APPLE INC COM STK PUT OPT EXP 4/17/10 PR $200 PER SH	0.00		1,170.00
APPLIED DNA SCIENCES INC COM	3,458.40		2,108.00
APPLIED ENERGETICS INC COM STK	9,572.33		665.00
APPLIED INDL TECHNOLOGIES INC COM	284,999.64		232,838.50
APPLIED MATERIALS INC COM	246,091.59		235,147.70
APPLIED MATERIALS INC COM	440,933.26		506,022.00
APPLIED MATERIALS INC COM	695,857.81		702,576.00
APPLIED MICRO CIRCUITS CORP COM NEW STK	391.15		373.50
APPLIED MICRO CIRCUITS CORP COM NEW STK	87,240.82		90,387.00
APPLIED NEUROSOLUTIONS INC COM NEW COM NEW	10,569.95		1,110.00
APPLIED SCIENCE PRODS INC COM	403.70		24.00
APPLIED SIGNAL TECH INC COM	9,641.52		9,582.01
APPLIED SIGNAL TECH INC COM	63,138.86		63,657.00
APPLIED SOLAR INC COM	681.85		280.00
APPLIEDTHEORY CORP COM	11,260.37		10.00
APTARGROUP INC COM	4,322.59		3,573.96
AQUA AMER INC COM	28,326.04		26,672.27
ARABIAN AMERN DEV CO COM	27,899.12		13,144.84
ARAFURA RESOURCES LTD COM STK	63,909.40		56,417.86
ARC ENERGY TR TR UNIT UNIT	62,578.66		62,766.00
ARCA BIOPHARMA INC COM	(4,991.36	)	332.52
ARCH CAP GROUP LTD 7.35 DUE 05-01-2034/04-30-2034 BEO	19,066.00		19,354.34
ARCH CAPITAL GROUP COM STK	250,503.43		257,580.00
ARCH COAL INC COM	85,027.26		91,881.22
ARCH COAL INC COM	155,290.07		215,825.00
ARCH COAL INC COM	735,711.00		1,027,950.00
ARCHER-DANIELS-MIDLAND CO COM	162,042.69		176,658.35
ARCHER-DANIELS-MIDLAND CO COM	235,693.72		253,611.00
ARCHER-DANIELS-MIDLAND CO COM	302,387.86		546,140.33
ARCSIGHT INC STK	66,962.16		69,066.00
ARCTIC GLACIER INCOME FD TR UNIT	2,244.68		633.36
ARENA PHARMACEUTICALS INC COM ISIN US0400471027	2,068.65		1,597.50
ARENA RES INC COM	43,641.59		47,432.00
ARENA RES INC COM	358,240.68		394,979.20
ARES CAP CORP COM	9,868.40		9,361.22
ARES CAP CORP COM	330,118.38		410,850.00
ARES CAP CORP COM	445,800.37		592,408.35
AREVA COM STK	56,311.52		32,547.56

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment	Historical Cost		Current Value
ARGAN INC COM	17,079.64		17,124.10
ARGENT SECS INC 2004-W10 AST BKD PASSTHRU CTF CL A2 10-25-2034 REG	168,209.86		138,055.35
ARGO GROUP INTERNATIONAL HOLDINGS COM STK	85,001.05		84,506.00
ARGO GROUP INTERNATIONAL HOLDINGS COM STK	444,906.87		303,056.00
ARIAD PHARMACEUTICALS INC COM	22,708.45		18,696.00
ARIBA INC COM NEW	1,052.12		838.84
ARIBA INC COM NEW	352,134.99		337,914.80
ARKANSAS BEST CORP DEL COM	72,933.81		76,518.00
ARKANSAS BEST CORP DEL COM	128,903.71		135,378.00
ARKANSAS BEST CORP DEL COM	131,286.51		120,663.00
AROTECH CORP COM NEW STK	11,709.37		1,494.92
ARQULE INC COM	2,017.90		1,845.00
ARRAY BIOPHARMA INC COM	2,845.30		702.50
ARRHYTHMIA RESH TECHNOLOGY INC COM PAR $0.01 NEW COM PAR $0.01 NEW	21,646.52		5,181.00
ARRIS GROUP INC COM	128,901.84		122,301.00
ARRIS GROUP INC COM	252,727.00		245,745.00
ARROW ELECTR INC COM	9,488.93		8,883.00
ARROW ELECTR INC COM	288,380.85		310,905.00
ARROWHEAD RESH CORP COM	5,217.90		4,240.00
ART TECH GROUP INC OC-COM ISIN US04289L107	4,621.58		4,825.70
ART TECH GROUP INC OC-COM ISIN US04289L107	215,049.90		277,225.19
ARTIO GLOBAL INVS INC COM CL A COM CL A	291,582.80		285,488.00
ARUBA NETWORKS INC COM	16,003.75		16,043.30
ARVINMERITOR INC COM STK ISIN# US0433531011	99,508.90		123,539.00
ARVINMERITOR INC NT 8.75% DUE 03-01-2012/02-26-2002 BEO	4,541.50		5,106.25
ASA LTD	116,259.63		132,426.80
ASAHI BREWERIES NPV	283,864.97		282,421.69
ASAHI KASEI CORP NPV	74,956.96		74,955.25
ASBURY AUTOMOTIVE GROUP INC COM	5,918.95		11,530.00
ASBURY AUTOMOTIVE GROUP INC COM	299,959.55		322,724.70
ASBURY AUTOMOTIVE GROUP INC SR SUB NT 8%DUE 03-15-2014/03-15-2009 BEO	3,102.50		2,947.50
ASCENDIA BRANDS INC COM STK	4,119.90		5.20
ASCENT MEDIA CORP COM SER A STK	14.29		25.53
ASCENT SOLAR TECHNOLOGIES INC COM	40,352.63		34,132.00
ASCENT SOLAR TECHNOLOGIES INC WT CL B EXP	195,485.48		25,068.54
ASHFORD HOSPITALITY TR INC COM SHS	11,188.42		11,716.00
ASHLAND INC NEW COM	27,437.46		35,380.66
ASHLAND INC NEW COM	94,180.45		192,157.00
ASHLAND INC NEW COM	172,959.56		202,062.00
ASHLAND INC NEW COM	388,198.51		277,340.00
ASIA GLOBAL CROSSING	715.19		0.50
ASIA GLOBAL HLDGS CORP COM STK	1,129.95		10.00
ASIAINFO HLDGS INC COM	193,384.69		236,718.30
ASM PAC TECHNOLOGY COMMON STOCK	56,641.32		57,338.55
ASML HOLDING NEW	180,233.45		198,124.58
ASML HOLDING NEW	344,387.85		532,572.48
ASPEN INSURANCE HLDGS COM	7,802.86		7,635.00
ASPEN INSURANCE HLDGS COM	196,774.56		206,145.00
ASPEN INSURANCE HLDGS COM	332,105.52		325,760.00
ASPEN INSURANCE HLDGS COM	643,105.72		612,072.50
ASPEN TECHNOLOGY INC COM	4,681.39		2,940.00
ASPENBIO INC COM	9,306.82		6,090.00
ASSD ESTATES RLTY CORP COM	3,722.17		3,552.94
ASSET BACKED SECS CORP HOME EQUITY LN TR2001-HE3 CTF CL A1 11-15-2031 BEO	23,199.40		16,981.50
ASSOCD BRIT FOODS ORD GBP0.0568	191,254.79		143,323.44
ASSOCTD BANC-CORP COM	18,654.19		8,695.54
ASSURANT INC COM	31,659.54		31,790.94
ASSURANT INC COM	68,662.49		67,804.00
ASSURANT INC COM	171,322.15		97,284.00
ASSURANT INC COM	228,364.44		229,944.00
ASSURANT INC SR NT DTD 02/18/2004 6.75% DUE 02-15-2034 REG	8,760.00		8,939.50
ASSURED GUARANTY LTD COMMON STK	9,908.95		9,792.00
ASSURED PHARMACY INC COM	45,128.35		501.00
ASTA FDG INC COM	20,344.32		15,598.00
ASTEC INDS INC COM	25,702.91		21,552.00
ASTEC INDS INC COM	367,412.91		368,997.18
ASTELLAS PHARMA NPV	655,809.19		573,629.56
ASTRAZENECA ORD USD0.25	509,109.16		601,438.18
ASTRAZENECA ORD USD0.25	1,254,236.88		1,315,223.14
ASTROTECH CORP COM STK	(93.67	)	34.56

SUPPLEMENTAL SCHEDULE

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2009


Identity of Issue/Description of Investment		Historical Cost	Current Value
ASURE SOFTWARE INC COM		4,724.10	1,890.00
ASYST TECHNOLOGIES INC COM		15,957.95	18.96
AT & T LATIN AMER CORP COM		11.28	0.17
AT&T BROADBAND CORP NT 9.455% DUE 11-15-2022 BEO		10,550.94	13,029.45
AT&T INC 5.8% DUE 02-15-2019		104,872.26	106,596.10
AT&T INC COM		893,761.58	896,632.33
AT&T INC COM		1,013,781.63	1,076,352.00
AT&T INC COM		1,104,766.90	954,477.56
AT&T INC COM		3,734,908.12	4,502,262.69
AT&T INC GLOBAL NT 5.5% DUE 02-01-2018/02-01-2008 BEO		169,626.00	177,380.72
AT&T INC SR NT		32,178.23	34,697.00
ATHENAHEALTH INC COM MON STOCK		6,792.79	9,048.00
ATHEROS COMMUNICATIONS INC COM		27,230.83	37,492.80
ATHEROS COMMUNICATIONS INC COM		305,056.42	420,809.60
ATHERSYS INC NEW COM		15,008.09	11,621.82
ATLANTIC PWR CORP		30,622.60	35,010.56
ATLANTIC WIND & SOLAR INC COM		3,462.95	2,338.05
ATLAS AIR WORLDWIDE HLDGS INC COM NEW STK		17,866.42	18,625.00
ATLAS COPCO AB SER ‘A’ NPV		117,417.55	126,981.51
ATLAS ENERGY INC COM STK		2,131.37	2,441.34
ATLAS PIPELN PARTNERS L P		13,303.10	19,949.19
ATLC SOUTHN BK MACON GA DTD 07-18-2008 4.55 12-16-2011		40,000.00	40,000.00
ATMEL CORP COM		36,545.53	39,185.00
ATMOS ENERGY CORP COM		19,560.97	19,902.42
ATMOS ENERGY CORP COM		118,437.72	135,240.00
ATMOS ENERGY CORP COM		208,482.44	223,440.00
ATMOS ENERGY CORP COM		218,504.33	279,300.00
ATMOS ENERGY CORP COM		657,382.31	724,710.00
ATNA RES LTD COM		1,505.36	677.20
ATP OIL & GAS CORP COM		40,323.44	40,216.00
ATRINSIC INC COM		1,490.06	122.85
ATRION CORP COM		10,655.48	31,144.00
ATS MED INC COM		720.10	888.25
ATSI COMMUNICATIONS INC COM NEW		11.55	14.40
ATWOOD OCEANICS INC COM		75,695.35	80,124.75
AU OPTRONICS CORP TWD10		153,306.45	267,205.18
AUDIOCODES LTD COM STK		25,308.95	25,300.00
AUEX VENTURES INC COM AUEX VENTURES, INC. F		18,719.16	50,307.16
AURIZON MINES LTD COM STK		31,316.48	27,765.00
AURORA OIL & GAS CORP COM STK		7,757.21	10.16
AUST & NZ BANK GRP NPV		206,068.28	469,988.07
Australian dollar	&