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RYDEX SERIES FUNDS
[LOGO] ANNUAL REPORT
March 31, 2000
6116 Executive Boulevard, Suite 400
Rockville, MD 20852
(301) 468-8520 (800) 820-0888
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DEAR SHAREHOLDER:
The last twelve months were among the best in the nation's economic history.
At the start of the year 2000, the U.S. economy moved into its record tenth year
of expansion. The GDP grew 4.1% in 1999. Concurrently, 2.6 million jobs were
created while unemployment fell 4.2% -- its lowest rate in three decades. The
booming growth has been powered by consumer spending, which accounts for
two-thirds of all economic activity. Although inflation has remained in check,
signs of overheating have begun to appear. To address these concerns, the
Federal Reserve raised interest rates five times since June to temper growth and
ward off inflation.
FISCAL YEAR IN REVIEW
A primary reason for the economy's sustained positive growth with only
benign inflation is the surge in productivity -- the amount of goods and
services produced for each hour worked. Over the past decade, companies have
invested heavily in computers and other technological innovations in order to
boost efficiency and reduce costs. As a result, productivity has been rising
steadily. In the fourth quarter of 1999 it achieved its fastest pace in seven
years.
Technology now drives the U.S. economy and is by far the most important
sector in terms of market capitalization. Technology stocks now make up about
30% of the weight of the Standard & Poor's 500-Registered Trademark- Composite
Stock Price Index. The Dow Jones Industrial Average, acknowledging the
importance of the new economy, added Microsoft and Intel to its Index in
October of 1999.
Over the past year, the NASDAQ Composite embodied the rise of the technology
sector, holding such leaders as Cisco Systems, Dell and Yahoo. By early
November, the NASDAQ Composite crossed the 3,000 level for the first time in its
history. This was only the beginning. More than half of the NASDAQ's gains came
shortly thereafter, soon eclipsing the 5,000 mark in March.
Toward the end of the first quarter of 2000, Abby Joseph Cohen, the
influential market strategist from Goldman Sachs, recommended a cutback on
stocks and moved to a neutral position on technology. Her recommendation helped
spur an 8% decline in the tech-laden NASDAQ Composite in the last week of the
quarter. Although it was a hot period for tech
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stocks, the lion's share of performance remained in the hands of a few
large-capitalization companies as evidenced by the NASDAQ 100, which raced up
108.79 percent for the reporting period. The NASDAQ 100 is comprised of the
largest companies in the NASDAQ Composite Index, excluding the financial
services and utility sectors.
Mergers continued at a sizzling rate, with deals for the trailing 12 months
reaching nearly $3.9 trillion. The year 2000 is already at a record pace,
reaching $1.1 trillion in the first quarter alone and on track for over $4
trillion. The largest global merger ever was announced in early 2000 with AOL's
$164 billion purchase of Time Warner, further blurring the lines between the
Internet and multi-media.
While the equity market shined, the bond market suffered due to a series of
rate hikes. This action reflected an effort to offset perceived economic growth
as indicated by rising commodity prices and a tight labor market. The yield on
the 30-Year Treasury rose steadily during the year until it peaked at 6.75% in
early January. The long bond then rallied to close the quarter at 5.83%,
benefiting in part from perceived supply concerns with longer-term government
debt.
IN SUMMARY
Looking forward, the Federal Reserve has indicated that it will continue do
what is necessary to keep inflation under control. If long-term interest rates
continue to rise during 2000 and beyond, cost and access to capital could put a
damper on technology stocks, as well as the rest of the stock market. However,
companies with real earnings potential and solid business plans are likely to
maintain strong advances due to the global demand for their products and
services.
Sincerely,
/s/ Albert P. Viragh, Jr.
Albert P. (Skip) Viragh, Jr.
Chairman of the Board
2
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RYDEX SERIES FUNDS
FUND STRATEGY AND PERFORMANCE
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In this section you will find information regarding the performance of each
Rydex Fund during the latest fiscal year in comparison to its benchmark index.
In addition, each Fund's investment strategy will be briefly described to
provide an understanding of the factors that affected the Funds' performance
during the period. If you have any questions or comments, call us at (800)
820-0888 or (301) 468-8520.
THE U.S. GOVERNMENT MONEY MARKET FUND
The investment objective of the U. S. Government Money Market Fund is to provide
security of principal, high current income, and liquidity.
Inception: December 3, 1993
During the reporting period, the Federal Reserve raised short-term interest
rates five times. From April 1, 1999 to March 31, 2000 the yield on the
three-month U.S. Treasury Bill ranged from a low of 4.17% to a high of 5.74%.
In order to provide security of principal, current income, and liquidity, the
Money Market Fund invested in U. S. Treasury Bills, short-term Government Agency
discount notes, and overnight repurchase agreements fully collateralized by
U. S. Government securities. As a policy, the advisor kept the Fund's weighted
average maturity relatively short in order to maximize liquidity and maintain a
stable net asset value. For the year ended March 31, 2000, the Fund returned
4.48% and 3.94% for the Investor and Advisor Class shares, respectively.
3
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THE NOVA FUND
BENCHMARK: 150% OF THE PERFORMANCE OF THE S&P 500-REGISTERED TRADEMARK-
COMPOSITE STOCK PRICE INDEX
INCEPTION: JULY 12, 1993
The S&P 500, the benchmark for large-capitalized growth stock performance, rose
16.50% during the year, marking the fifth straight year of double-digit gains.
The gains in the Index were limited to relatively few stocks, with high tech
firms leading the way. The S&P 500's ten best performing stocks fell into a
technology or technology-related category. During the past 12 months, large-cap
growth stocks outperformed value stocks. To achieve its benchmark, the Nova Fund
invests primarily in stocks included in the S&P 500 that have been weighted
accordingly and in S&P 500 stock index futures contracts and call options on S&P
500 futures contracts. By using future contracts and call options, the Fund
seeks to maintain 150% exposure to the S&P 500 Index on a daily basis. For the
year, the Nova Fund returned 20.29%. Due to the mathematical effects of
compounding and the pattern of market fluctuations during a given period, a
leveraged fund's cumulative returns may not exhibit the same leverage factor as
its daily returns.
CUMULATIVE FUND PERFORMANCE: JULY 12, 1993--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX NOVA FUND S&P 500 INDEX
<S> <C> <C>
7/12/93 $10,000 $10,000
7/13/93 $9,980 $9,980
7/14/93 $10,030 $10,024
7/15/93 $10,010 $10,005
7/16/93 $9,910 $9,928
7/19/93 $9,900 $9,934
7/20/93 $9,940 $9,963
7/21/93 $9,930 $9,960
7/22/93 $9,860 $9,900
7/23/93 $9,920 $9,958
7/26/93 $9,980 $10,002
7/27/93 $9,930 $9,984
7/28/93 $9,940 $9,960
7/29/93 $10,020 $10,028
7/30/93 $9,940 $9,981
8/2/93 $9,990 $10,026
8/3/93 $9,970 $10,006
8/4/93 $9,980 $9,990
8/5/93 $9,960 $9,981
8/6/93 $9,980 $9,993
8/9/93 $10,070 $10,039
8/10/93 $10,070 $10,010
8/11/93 $10,070 $10,033
8/12/93 $10,040 $10,000
8/13/93 $10,060 $10,026
8/16/93 $10,140 $10,076
8/17/93 $10,200 $10,092
8/18/93 $10,280 $10,157
8/19/93 $10,290 $10,166
8/20/93 $10,280 $10,160
8/23/93 $10,240 $10,139
8/24/93 $10,430 $10,240
8/25/93 $10,450 $10,248
8/26/93 $10,450 $10,269
8/27/93 $10,430 $10,257
8/30/93 $10,470 $10,288
8/31/93 $10,509 $10,325
9/1/93 $10,490 $10,316
9/2/93 $10,430 $10,274
9/3/93 $10,450 $10,275
9/7/93 $10,350 $10,212
9/8/93 $10,250 $10,171
9/9/93 $10,310 $10,190
9/10/93 $10,460 $10,284
9/13/93 $10,460 $10,291
9/14/93 $10,410 $10,243
9/15/93 $10,450 $10,281
9/16/93 $10,390 $10,233
9/17/93 $10,340 $10,219
9/20/93 $10,230 $10,135
9/21/93 $10,150 $10,088
9/22/93 $10,300 $10,161
9/23/93 $10,360 $10,195
9/24/93 $10,370 $10,193
9/27/93 $10,490 $10,286
9/28/93 $10,470 $10,280
9/29/93 $10,430 $10,248
9/30/93 $10,390 $10,222
10/1/93 $10,500 $10,274
10/4/93 $10,509 $10,275
10/5/93 $10,480 $10,272
10/6/93 $10,490 $10,262
10/7/93 $10,400 $10,227
10/8/93 $10,450 $10,252
10/11/93 $10,460 $10,265
10/12/93 $10,470 $10,270
10/13/93 $10,470 $10,279
10/14/93 $10,719 $10,398
10/15/93 $10,809 $10,457
10/18/93 $10,769 $10,434
10/19/93 $10,659 $10,384
10/20/93 $10,699 $10,381
10/21/93 $10,659 $10,365
10/22/93 $10,569 $10,318
10/25/93 $10,679 $10,339
10/26/93 $10,679 $10,341
10/27/93 $10,719 $10,348
10/28/93 $10,809 $10,418
10/29/93 $10,809 $10,420
11/1/93 $10,849 $10,448
11/2/93 $10,829 $10,433
11/3/93 $10,599 $10,313
11/4/93 $10,450 $10,190
11/5/93 $10,509 $10,236
11/8/93 $10,549 $10,250
11/9/93 $10,559 $10,253
11/10/93 $10,689 $10,328
11/11/93 $10,629 $10,304
11/12/93 $10,749 $10,365
11/15/93 $10,669 $10,329
11/16/93 $10,759 $10,396
11/17/93 $10,669 $10,353
11/18/93 $10,629 $10,326
11/19/93 $10,559 $10,303
11/22/93 $10,480 $10,226
11/23/93 $10,549 $10,268
11/24/93 $10,599 $10,298
11/26/93 $10,609 $10,314
11/29/93 $10,549 $10,288
11/30/93 $10,569 $10,285
12/1/93 $10,599 $10,288
12/2/93 $10,619 $10,315
12/3/93 $10,689 $10,354
12/6/93 $10,759 $10,389
12/7/93 $10,739 $10,396
12/8/93 $10,709 $10,386
12/9/93 $10,659 $10,339
12/10/93 $10,639 $10,333
12/13/93 $10,729 $10,372
12/14/93 $10,589 $10,314
12/15/93 $10,609 $10,286
12/16/93 $10,679 $10,320
12/17/93 $10,749 $10,388
12/20/93 $10,759 $10,376
12/21/93 $10,739 $10,363
12/22/93 $10,809 $10,408
12/23/93 $10,799 $10,410
12/27/93 $10,909 $10,480
12/28/93 $10,919 $10,489
12/29/93 $10,889 $10,481
12/30/93 $10,809 $10,438
12/31/93 $10,699 $10,389
1/3/94 $10,649 $10,367
1/4/94 $10,709 $10,399
1/5/94 $10,729 $10,414
1/6/94 $10,719 $10,404
1/7/94 $10,839 $10,466
1/10/94 $11,009 $10,586
1/11/94 $10,979 $10,560
1/12/94 $10,939 $10,561
1/13/94 $10,909 $10,523
1/14/94 $10,939 $10,578
1/17/94 $10,899 $10,542
1/18/94 $10,929 $10,563
1/19/94 $10,919 $10,564
1/20/94 $10,959 $10,579
1/21/94 $10,899 $10,573
1/24/94 $10,859 $10,512
1/25/94 $10,819 $10,489
1/26/94 $10,899 $10,539
1/27/94 $11,029 $10,625
1/28/94 $11,069 $10,662
1/31/94 $11,169 $10,727
2/1/94 $11,109 $10,682
2/2/94 $11,199 $10,735
2/3/94 $11,119 $10,707
2/4/94 $10,689 $10,464
2/7/94 $10,739 $10,507
2/8/94 $10,739 $10,492
2/9/94 $10,789 $10,530
2/10/94 $10,649 $10,444
2/11/94 $10,669 $10,472
2/14/94 $10,709 $10,473
2/15/94 $10,789 $10,524
2/16/94 $10,769 $10,530
2/17/94 $10,679 $10,476
2/18/94 $10,589 $10,417
2/22/94 $10,729 $10,501
2/23/94 $10,679 $10,484
2/24/94 $10,450 $10,340
2/25/94 $10,539 $10,381
2/28/94 $10,539 $10,404
3/1/94 $10,450 $10,344
3/2/94 $10,470 $10,353
3/3/94 $10,400 $10,312
3/4/94 $10,460 $10,351
3/7/94 $10,549 $10,399
3/8/94 $10,490 $10,376
3/9/94 $10,559 $10,403
3/10/94 $10,440 $10,332
3/11/94 $10,509 $10,389
3/14/94 $10,529 $10,410
3/15/94 $10,519 $10,402
3/16/94 $10,619 $10,455
3/17/94 $10,639 $10,488
3/18/94 $10,599 $10,492
3/21/94 $10,569 $10,436
3/22/94 $10,629 $10,441
3/23/94 $10,629 $10,436
3/24/94 $10,440 $10,342
3/25/94 $10,270 $10,258
3/28/94 $10,320 $10,245
3/29/94 $9,950 $10,078
3/30/94 $9,800 $9,924
3/31/94 $9,810 $9,928
4/4/94 $9,580 $9,776
4/5/94 $9,900 $9,985
4/6/94 $9,850 $9,979
4/7/94 $9,960 $10,042
4/8/94 $9,850 $9,958
4/11/94 $9,960 $10,020
4/12/94 $9,880 $9,969
4/13/94 $9,810 $9,939
4/14/94 $9,810 $9,942
4/15/94 $9,810 $9,938
4/18/94 $9,690 $9,855
4/19/94 $9,720 $9,857
4/20/94 $9,700 $9,844
4/21/94 $9,920 $9,994
4/22/94 $9,880 $9,970
4/25/94 $10,010 $10,083
4/26/94 $9,990 $10,064
4/28/94 $9,900 $10,003
4/29/94 $9,940 $10,043
5/2/94 $10,030 $10,090
5/3/94 $10,000 $10,090
5/4/94 $9,970 $10,061
5/5/94 $9,950 $10,061
5/6/94 $9,820 $9,974
5/9/94 $9,670 $9,852
5/10/94 $9,800 $9,934
5/11/94 $9,640 $9,833
5/12/94 $9,710 $9,884
5/13/94 $9,740 $9,892
5/16/94 $9,750 $9,900
5/17/94 $9,960 $10,009
5/18/94 $10,080 $10,009
5/19/94 $10,150 $10,167
5/20/94 $10,100 $10,132
5/23/94 $10,070 $10,094
5/24/94 $10,120 $10,130
5/25/94 $10,150 $10,164
5/26/94 $10,190 $10,180
5/27/94 $10,180 $10,186
5/31/94 $10,170 $10,168
6/1/94 $10,220 $10,193
6/2/94 $10,220 $10,193
6/3/94 $10,310 $10,248
6/6/94 $10,280 $10,220
6/7/94 $10,240 $10,206
6/8/94 $10,210 $10,180
6/9/94 $10,240 $10,198
6/10/94 $10,270 $10,216
6/13/94 $10,290 $10,225
6/14/94 $10,380 $10,298
6/15/94 $10,310 $10,259
6/16/94 $10,350 $10,288
6/17/94 $10,240 $10,211
6/20/94 $10,140 $10,145
6/21/94 $10,000 $10,053
6/22/94 $10,060 $10,092
6/23/94 $9,930 $10,014
6/24/94 $9,660 $9,862
6/27/94 $9,900 $9,963
6/28/94 $9,830 $9,935
6/29/94 $9,890 $9,970
6/30/94 $9,760 $9,895
7/1/94 $9,810 $9,938
7/5/94 $9,830 $9,942
7/6/94 $9,820 $9,937
7/7/94 $9,910 $9,987
7/8/94 $9,930 $10,013
7/11/94 $9,840 $9,980
7/12/94 $9,900 $9,977
7/13/94 $9,920 $9,994
7/14/94 $10,070 $10,099
7/15/94 $10,100 $10,115
7/18/94 $10,120 $10,139
7/19/94 $10,100 $10,109
7/20/94 $10,000 $10,058
7/21/94 $10,050 $10,081
7/22/94 $10,060 $10,092
7/25/94 $10,090 $10,117
7/26/94 $10,080 $10,098
7/27/94 $10,050 $10,080
7/28/94 $10,110 $10,117
7/29/94 $10,240 $10,207
8/1/94 $10,320 $10,268
8/2/94 $10,310 $10,258
8/3/94 $10,330 $10,278
8/4/94 $10,230 $10,210
8/5/94 $10,190 $10,181
8/8/94 $10,210 $10,198
8/9/94 $10,230 $10,199
8/10/94 $10,320 $10,252
8/11/94 $10,230 $10,220
8/12/94 $10,380 $10,289
8/15/94 $10,360 $10,273
8/16/94 $10,470 $10,357
8/17/94 $10,450 $10,361
8/18/94 $10,390 $10,316
8/19/94 $10,410 $10,327
8/22/94 $10,380 $10,297
8/23/94 $10,460 $10,346
8/24/94 $10,609 $10,447
8/25/94 $10,569 $10,425
8/26/94 $10,809 $10,553
8/29/94 $10,799 $10,570
8/30/94 $10,839 $10,604
8/31/94 $10,769 $10,591
9/1/94 $10,759 $10,539
9/2/94 $10,679 $10,490
9/6/94 $10,679 $10,490
9/7/94 $10,649 $10,510
9/8/94 $10,729 $10,490
9/9/94 $10,559 $10,538
9/12/94 $10,480 $10,428
9/13/94 $10,529 $10,384
9/14/94 $10,579 $10,413
9/15/94 $10,749 $10,575
9/16/94 $10,639 $10,495
9/19/94 $10,639 $10,487
9/20/94 $10,360 $10,320
9/21/94 $10,340 $10,278
9/22/94 $10,310 $10,274
9/23/94 $10,280 $10,238
9/26/94 $10,330 $10,264
9/27/94 $10,350 $10,291
9/28/94 $10,430 $10,353
9/29/94 $10,350 $10,295
9/30/94 $10,320 $10,306
10/3/94 $10,320 $10,284
10/4/94 $10,040 $10,125
10/5/94 $10,020 $10,101
10/6/94 $10,000 $10,075
10/7/94 $10,090 $10,136
10/10/94 $10,220 $10,224
10/11/94 $10,450 $10,375
10/12/94 $10,460 $10,367
10/13/94 $10,509 $10,419
10/14/94 $10,579 $10,448
10/17/94 $10,539 $10,445
10/18/94 $10,490 $10,416
10/19/94 $10,569 $10,474
10/20/94 $10,450 $10,398
10/21/94 $10,400 $10,354
10/24/94 $10,280 $10,264
10/25/94 $10,280 $10,279
10/26/94 $10,320 $10,304
10/27/94 $10,440 $10,376
10/28/94 $10,749 $10,552
10/31/94 $10,619 $10,521
11/1/94 $10,509 $10,433
11/2/94 $10,430 $10,390
11/3/94 $10,500 $10,422
11/4/94 $10,290 $10,296
11/7/94 $10,360 $10,314
11/8/94 $10,440 $10,371
11/9/94 $10,400 $10,366
11/10/94 $10,380 $10,342
11/11/94 $10,310 $10,298
11/14/94 $10,460 $10,380
11/15/94 $10,410 $10,357
11/16/94 $10,450 $10,371
11/17/94 $10,360 $10,325
11/18/94 $10,330 $10,278
11/21/94 $10,150 $10,207
11/22/94 $9,810 $10,024
11/23/94 $9,920 $10,021
11/25/94 $10,030 $10,074
11/28/94 $10,080 $10,115
11/29/94 $10,120 $10,138
11/30/94 $10,040 $10,105
12/1/94 $9,880 $9,999
12/2/94 $10,040 $10,096
12/5/94 $10,040 $10,097
12/6/94 $10,030 $10,092
12/7/94 $9,970 $10,050
12/8/94 $9,770 $9,921
12/9/94 $9,840 $9,955
12/12/94 $9,910 $10,011
12/13/94 $9,940 $10,026
12/14/94 $10,070 $10,133
12/15/94 $10,090 $10,142
12/16/94 $10,190 $10,219
12/19/94 $10,200 $10,199
12/20/94 $10,150 $10,181
12/21/94 $10,300 $10,237
12/22/94 $10,240 $10,238
12/23/94 $10,250 $10,242
12/27/94 $10,342 $10,300
12/28/94 $10,280 $10,265
12/29/94 $10,291 $10,272
12/30/94 $10,189 $10,229
1/3/95 $10,189 $10,226
1/4/95 $10,270 $10,261
1/5/95 $10,250 $10,253
1/6/95 $10,250 $10,261
1/9/95 $10,270 $10,264
1/10/95 $10,291 $10,283
1/11/95 $10,301 $10,283
1/12/95 $10,291 $10,282
1/13/95 $10,454 $10,378
1/16/95 $10,546 $10,454
1/17/95 $10,556 $10,469
1/18/95 $10,525 $10,462
1/19/95 $10,433 $10,400
1/20/95 $10,393 $10,352
1/23/95 $10,423 $10,375
1/24/95 $10,433 $10,376
1/25/95 $10,484 $10,411
1/26/95 $10,525 $10,431
1/27/95 $10,546 $10,477
1/30/95 $10,484 $10,435
1/31/95 $10,566 $10,478
2/1/95 $10,556 $10,477
2/2/95 $10,648 $10,530
2/3/95 $10,862 $10,661
2/6/95 $10,923 $10,716
2/7/95 $10,933 $10,709
2/8/95 $10,913 $10,717
2/9/95 $10,923 $10,695
2/10/95 $10,953 $10,723
2/13/95 $10,943 $10,728
2/14/95 $10,964 $10,748
2/15/95 $11,066 $10,792
2/16/95 $11,045 $10,807
2/17/95 $10,984 $10,735
2/21/95 $10,984 $10,751
2/22/95 $11,076 $10,804
2/23/95 $11,137 $10,845
2/24/95 $11,137 $10,875
2/27/95 $11,004 $10,779
2/28/95 $11,127 $10,855
3/1/95 $11,045 $10,817
3/2/95 $11,055 $10,805
3/3/95 $11,035 $10,812
3/6/95 $11,055 $10,816
3/7/95 $10,913 $10,738
3/8/95 $10,964 $10,761
3/9/95 $10,953 $10,761
3/10/95 $11,219 $10,904
3/13/95 $11,188 $10,915
3/14/95 $11,300 $10,978
3/15/95 $11,249 $10,955
3/16/95 $11,372 $11,034
3/17/95 $11,382 $11,037
3/20/95 $11,392 $11,050
3/21/95 $11,361 $11,027
3/22/95 $11,361 $11,040
3/23/95 $11,372 $11,046
3/24/95 $11,576 $11,158
3/27/95 $11,647 $11,208
3/28/95 $11,647 $11,223
3/29/95 $11,616 $11,206
3/30/95 $11,606 $11,186
3/31/95 $11,545 $11,152
4/3/95 $11,555 $11,178
4/4/95 $11,667 $11,253
4/5/95 $11,708 $11,260
4/6/95 $11,729 $11,272
4/7/95 $11,698 $11,279
4/10/95 $11,739 $11,292
4/11/95 $11,678 $11,260
4/12/95 $11,749 $11,296
4/13/95 $11,820 $11,342
4/17/95 $11,698 $11,273
4/18/95 $11,678 $11,256
4/19/95 $11,637 $11,246
4/20/95 $11,657 $11,254
4/21/95 $11,759 $11,325
4/24/95 $11,922 $11,423
4/25/95 $11,871 $11,407
4/26/95 $11,902 $11,418
4/27/95 $11,933 $11,438
4/28/95 $11,994 $11,464
5/1/95 $11,943 $11,454
5/2/95 $11,984 $11,467
5/3/95 $12,198 $11,592
5/4/95 $12,208 $11,594
5/5/95 $12,157 $11,584
5/8/95 $12,290 $11,670
5/9/95 $12,259 $11,661
5/10/95 $12,290 $11,679
5/11/95 $12,340 $11,679
5/12/95 $12,361 $11,705
5/15/95 $12,453 $11,754
5/16/95 $12,442 $11,764
5/17/95 $12,381 $11,739
5/18/95 $12,086 $11,572
5/19/95 $12,126 $11,564
5/22/95 $12,300 $11,663
5/23/95 $12,463 $11,773
5/24/95 $12,442 $11,774
5/25/95 $12,453 $11,773
5/26/95 $12,249 $11,663
5/30/95 $12,228 $11,662
5/31/95 $12,575 $11,880
6/1/95 $12,595 $11,882
6/2/95 $12,534 $11,860
6/5/95 $12,697 $11,929
6/6/95 $12,657 $11,928
6/7/95 $12,575 $11,874
6/8/95 $12,524 $11,857
6/9/95 $12,422 $11,759
6/12/95 $12,544 $11,824
6/13/95 $12,687 $11,939
6/14/95 $12,687 $11,949
6/15/95 $12,759 $11,963
6/16/95 $12,810 $12,023
6/19/95 $13,014 $12,144
6/20/95 $13,003 $12,138
6/21/95 $12,991 $12,116
6/22/95 $13,232 $12,274
6/23/95 $13,221 $12,244
6/26/95 $12,980 $12,119
6/27/95 $12,947 $12,081
6/28/95 $13,024 $12,133
6/29/95 $12,991 $12,113
6/30/95 $12,947 $12,133
7/3/95 $13,046 $12,185
7/5/95 $13,133 $12,189
7/6/95 $13,342 $12,339
7/7/95 $13,418 $12,392
7/10/95 $13,462 $12,410
7/11/95 $13,342 $12,356
7/12/95 $13,572 $12,493
7/13/95 $13,561 $12,495
7/14/95 $13,517 $12,470
7/17/95 $13,616 $12,533
7/18/95 $13,451 $12,438
7/19/95 $13,210 $12,272
7/20/95 $13,287 $12,329
7/21/95 $13,265 $12,331
7/24/95 $13,440 $12,398
7/25/95 $13,539 $12,497
7/26/95 $13,572 $12,509
7/27/95 $13,703 $12,589
7/28/95 $13,583 $12,538
7/31/95 $13,550 $12,519
8/1/95 $13,484 $12,465
8/2/95 $13,407 $12,446
8/3/95 $13,451 $12,445
8/4/95 $13,462 $12,449
8/7/95 $13,484 $12,473
8/8/95 $13,506 $12,481
8/9/95 $13,506 $12,466
8/10/95 $13,385 $12,416
8/11/95 $13,342 $12,364
8/14/95 $13,506 $12,467
8/15/95 $13,451 $12,441
8/16/95 $13,462 $12,472
8/17/95 $13,462 $12,452
8/18/95 $13,506 $12,455
8/21/95 $13,407 $12,431
8/22/95 $13,451 $12,462
8/23/95 $13,374 $12,409
8/24/95 $13,418 $12,416
8/25/95 $13,528 $12,475
8/28/95 $13,429 $12,452
8/29/95 $13,473 $12,473
8/30/95 $13,495 $12,493
8/31/95 $13,561 $12,515
9/1/95 $13,637 $12,558
9/5/95 $13,802 $12,677
9/6/95 $13,868 $12,699
9/7/95 $13,857 $12,702
9/8/95 $13,944 $12,755
9/11/95 $13,966 $12,783
9/12/95 $14,065 $12,840
9/13/95 $14,175 $12,891
9/14/95 $14,339 $12,999
9/15/95 $14,350 $12,993
9/18/95 $14,306 $12,980
9/19/95 $14,383 $13,012
9/20/95 $14,460 $13,069
9/21/95 $14,273 $12,985
9/22/95 $14,284 $12,957
9/25/95 $14,240 $12,958
9/26/95 $14,240 $12,950
9/27/95 $14,229 $12,941
9/28/95 $14,361 $13,049
9/29/95 $14,328 $13,016
10/2/95 $14,219 $12,956
10/3/95 $14,262 $12,970
10/4/95 $14,208 $12,951
10/5/95 $14,273 $12,977
10/6/95 $14,273 $12,974
10/9/95 $14,098 $12,882
10/10/95 $14,087 $12,863
10/11/95 $14,164 $12,906
10/12/95 $14,306 $12,987
10/13/95 $14,339 $13,018
10/16/95 $14,229 $12,986
10/17/95 $14,394 $13,069
10/18/95 $14,438 $13,084
10/19/95 $14,547 $13,155
10/20/95 $14,394 $13,084
10/23/95 $14,328 $13,031
10/24/95 $14,383 $13,064
10/25/95 $14,186 $12,973
10/26/95 $13,999 $12,845
10/27/95 $14,175 $12,911
10/30/95 $14,295 $12,991
10/31/95 $14,186 $12,952
11/1/95 $14,350 $13,012
11/2/95 $14,504 $13,135
11/3/95 $14,515 $13,154
11/6/95 $14,471 $13,107
11/7/95 $14,350 $13,059
11/8/95 $14,569 $13,179
11/9/95 $14,591 $13,214
11/10/95 $14,591 $13,201
11/13/95 $14,569 $13,192
11/14/95 $14,449 $13,125
11/15/95 $14,657 $13,228
11/16/95 $14,789 $13,304
11/17/95 $14,843 $13,365
11/20/95 $14,745 $13,293
11/21/95 $14,865 $13,369
11/22/95 $14,821 $13,328
11/24/95 $14,865 $13,363
11/27/95 $14,876 $13,393
11/28/95 $15,106 $13,507
11/29/95 $15,117 $13,534
11/30/95 $15,085 $13,483
12/1/95 $15,128 $13,519
12/4/95 $15,370 $13,668
12/5/95 $15,523 $13,757
12/6/95 $15,567 $13,813
12/7/95 $15,446 $13,724
12/8/95 $15,523 $13,753
12/11/95 $15,589 $13,798
12/12/95 $15,556 $13,782
12/13/95 $15,644 $13,847
12/14/95 $15,501 $13,740
12/15/95 $15,468 $13,728
12/18/95 $15,063 $13,515
12/19/95 $15,293 $13,629
12/20/95 $15,117 $13,496
12/21/95 $15,227 $13,597
12/22/95 $15,315 $13,630
12/26/95 $15,359 $13,682
12/27/95 $15,348 $13,687
12/28/95 $15,293 $13,678
12/29/95 $15,326 $13,718
1/2/96 $15,578 $13,825
1/3/96 $15,644 $13,838
1/4/96 $15,381 $13,758
1/5/96 $15,370 $13,736
1/9/96 $14,975 $13,574
1/10/96 $14,701 $13,330
1/11/96 $14,876 $13,424
1/12/96 $14,854 $13,404
1/15/96 $14,789 $13,360
1/16/96 $15,063 $13,552
1/17/96 $14,964 $13,506
1/18/96 $15,052 $13,547
1/19/96 $15,194 $13,627
1/22/96 $15,172 $13,662
1/23/96 $15,271 $13,648
1/24/96 $15,479 $13,808
1/25/96 $15,370 $13,743
1/26/96 $15,567 $13,845
1/29/96 $15,644 $13,903
1/30/96 $15,863 $14,035
1/31/96 $16,082 $14,166
2/1/96 $16,148 $14,220
2/2/96 $16,104 $14,162
2/5/96 $16,247 $14,286
2/6/96 $16,477 $14,396
2/7/96 $16,619 $14,476
2/8/96 $16,871 $14,612
2/9/96 $16,904 $14,619
2/12/96 $17,102 $14,732
2/13/96 $17,003 $14,711
2/14/96 $16,784 $14,602
2/15/96 $16,608 $14,507
2/16/96 $16,575 $14,432
2/20/96 $16,312 $14,269
2/21/96 $16,630 $14,435
2/22/96 $16,948 $14,675
2/23/96 $16,915 $14,679
2/26/96 $16,521 $14,488
2/27/96 $16,477 $14,416
2/28/96 $16,323 $14,360
2/29/96 $16,126 $14,264
3/1/96 $16,466 $14,352
3/4/96 $16,608 $14,495
3/5/96 $16,861 $14,606
3/6/96 $16,619 $14,522
3/7/96 $16,740 $14,559
3/8/96 $15,863 $14,110
3/11/96 $16,093 $14,255
3/12/96 $15,951 $14,190
3/13/96 $16,060 $14,222
3/14/96 $16,192 $14,274
3/15/96 $16,181 $14,286
3/18/96 $16,641 $14,536
3/19/96 $16,565 $14,515
3/20/96 $16,521 $14,477
3/21/96 $16,466 $14,459
3/22/96 $16,532 $14,491
3/25/96 $16,510 $14,478
3/26/96 $16,630 $14,543
3/27/96 $16,345 $14,453
3/28/96 $16,477 $14,454
3/29/96 $16,345 $14,377
4/1/96 $16,575 $14,560
4/2/96 $16,619 $14,594
4/3/96 $16,641 $14,608
4/4/96 $16,663 $14,608
4/8/96 $16,181 $14,349
4/9/96 $16,115 $14,303
4/10/96 $15,677 $14,110
4/11/96 $15,688 $14,058
4/12/96 $15,951 $14,181
4/15/96 $16,148 $14,310
4/16/96 $16,203 $14,366
4/17/96 $16,115 $14,290
4/18/96 $16,159 $14,335
4/19/96 $16,203 $14,367
4/22/96 $16,389 $14,430
4/23/96 $16,499 $14,512
4/24/96 $16,378 $14,481
4/25/96 $16,510 $14,541
4/26/96 $16,565 $14,554
4/29/96 $16,510 $14,570
4/30/96 $16,510 $14,570
5/1/96 $16,565 $14,579
5/2/96 $16,170 $14,330
5/3/96 $16,082 $14,291
5/6/96 $16,060 $14,273
5/7/96 $15,918 $14,216
5/8/96 $16,236 $14,361
5/9/96 $16,225 $14,376
5/10/96 $16,521 $14,524
5/13/96 $16,850 $14,734
5/14/96 $16,992 $14,825
5/15/96 $16,992 $14,821
5/16/96 $16,981 $14,808
5/17/96 $17,157 $14,898
5/20/96 $17,343 $14,993
5/21/96 $17,321 $14,984
5/22/96 $17,518 $15,110
5/23/96 $17,431 $15,056
5/24/96 $17,518 $15,112
5/28/96 $17,255 $14,972
5/29/96 $17,080 $14,877
5/30/96 $17,244 $14,961
5/31/96 $17,003 $14,903
6/3/96 $17,102 $14,871
6/4/96 $17,255 $14,980
6/5/96 $17,463 $15,111
6/6/96 $17,255 $14,990
6/7/96 $17,277 $14,996
6/10/96 $17,178 $14,971
6/11/96 $17,189 $14,944
6/12/96 $17,124 $14,901
6/13/96 $17,091 $14,876
6/14/96 $16,948 $14,830
6/17/96 $16,981 $14,815
6/18/96 $16,828 $14,746
6/19/96 $16,882 $14,744
6/20/96 $16,806 $14,747
6/21/96 $17,069 $14,852
6/24/96 $17,135 $14,897
6/25/96 $17,102 $14,889
6/26/96 $16,893 $14,798
6/27/96 $17,058 $14,890
6/28/96 $17,189 $14,937
7/1/96 $17,343 $15,054
7/2/96 $17,266 $15,003
7/3/96 $17,167 $14,976
7/5/96 $16,597 $14,643
7/8/96 $16,422 $14,534
7/9/96 $16,532 $14,583
7/10/96 $16,630 $14,612
7/11/96 $16,126 $14,381
7/12/96 $16,126 $14,392
7/15/96 $15,490 $14,027
7/16/96 $15,545 $13,996
7/17/96 $15,742 $14,122
7/18/96 $16,093 $14,334
7/19/96 $15,896 $14,226
7/22/96 $15,742 $14,116
7/23/96 $15,402 $13,962
7/24/96 $15,490 $13,957
7/25/96 $15,655 $14,058
7/26/96 $15,808 $14,163
7/29/96 $15,512 $14,052
7/30/96 $15,753 $14,149
7/31/96 $15,929 $14,253
8/1/96 $16,323 $14,478
8/2/96 $16,828 $14,755
8/5/96 $16,652 $14,705
8/6/96 $16,740 $14,753
8/7/96 $16,817 $14,793
8/8/96 $16,828 $14,758
8/9/96 $16,685 $14,747
8/12/96 $16,893 $14,829
8/13/96 $16,663 $14,704
8/14/96 $16,740 $14,746
8/15/96 $16,740 $14,751
8/16/96 $16,904 $14,816
8/19/96 $16,915 $14,847
8/20/96 $16,904 $14,827
8/21/96 $16,828 $14,813
8/22/96 $17,058 $14,938
8/23/96 $16,937 $14,857
8/26/96 $16,773 $14,786
8/27/96 $16,871 $14,843
8/28/96 $16,828 $14,807
8/29/96 $16,510 $14,642
8/30/96 $16,301 $14,522
9/3/96 $16,477 $14,582
9/4/96 $16,499 $14,602
9/5/96 $16,225 $14,465
9/6/96 $16,565 $14,604
9/9/96 $16,817 $14,784
9/10/96 $16,828 $14,785
9/11/96 $16,893 $14,862
9/12/96 $17,091 $14,948
9/13/96 $17,496 $15,157
9/16/96 $17,573 $15,234
9/17/96 $17,551 $15,211
9/18/96 $17,442 $15,178
9/19/96 $17,540 $15,212
9/20/96 $17,628 $15,302
9/23/96 $17,650 $15,290
9/24/96 $17,639 $15,270
9/25/96 $17,595 $15,275
9/26/96 $17,628 $15,276
9/27/96 $17,617 $15,283
9/30/96 $17,617 $15,309
10/1/96 $17,759 $15,348
10/2/96 $17,924 $15,457
10/3/96 $17,858 $15,430
10/4/96 $18,231 $15,623
10/7/96 $18,264 $15,666
10/8/96 $18,132 $15,605
10/9/96 $17,968 $15,518
10/10/96 $17,891 $15,471
10/11/96 $18,187 $15,606
10/14/96 $18,253 $15,670
10/15/96 $18,220 $15,648
10/16/96 $18,297 $15,689
10/17/96 $18,384 $15,747
10/18/96 $18,582 $15,832
10/21/96 $18,527 $15,810
10/22/96 $18,319 $15,737
10/23/96 $18,395 $15,753
10/24/96 $18,121 $15,642
10/25/96 $18,187 $15,611
10/28/96 $17,990 $15,530
10/29/96 $18,220 $15,624
10/30/96 $18,088 $15,611
10/31/96 $18,351 $15,708
11/1/96 $18,231 $15,675
11/4/96 $18,417 $15,741
11/5/96 $18,582 $15,900
11/6/96 $19,119 $16,139
11/7/96 $19,185 $16,207
11/8/96 $19,316 $16,277
11/11/96 $19,316 $16,301
11/12/96 $19,228 $16,249
11/13/96 $19,316 $16,284
11/14/96 $19,524 $16,390
11/15/96 $19,590 $16,429
11/18/96 $19,568 $16,415
11/19/96 $19,809 $16,530
11/20/96 $19,809 $16,570
11/21/96 $19,777 $16,543
11/22/96 $20,007 $16,676
11/25/96 $20,358 $16,861
11/26/96 $20,259 $16,837
11/27/96 $20,204 $16,816
11/29/96 $20,303 $16,861
12/2/96 $20,292 $16,851
12/3/96 $19,809 $16,666
12/4/96 $19,875 $16,595
12/5/96 $19,797 $16,579
12/6/96 $19,608 $16,473
12/9/96 $20,042 $16,699
12/10/96 $19,909 $16,473
12/11/96 $19,575 $16,498
12/12/96 $19,097 $16,243
12/13/96 $19,175 $16,229
12/16/96 $18,841 $16,058
12/17/96 $19,053 $16,171
12/18/96 $19,242 $16,293
12/19/96 $19,831 $16,610
12/20/96 $19,986 $16,679
12/23/96 $19,864 $16,636
12/24/96 $20,064 $16,727
12/26/96 $20,287 $16,834
12/27/96 $20,287 $16,856
12/30/96 $20,086 $16,790
12/31/96 $19,508 $16,498
1/2/97 $19,508 $16,415
1/3/97 $19,998 $16,661
1/6/97 $19,753 $16,652
1/7/97 $20,109 $16,776
1/8/97 $19,942 $16,669
1/9/97 $20,086 $16,813
1/10/97 $20,387 $16,916
1/13/97 $20,309 $16,916
1/14/97 $20,664 $17,125
1/15/97 $20,598 $17,088
1/16/97 $20,742 $17,144
1/17/97 $20,965 $17,287
1/20/97 $20,953 $17,299
1/21/97 $21,220 $17,433
1/22/97 $21,409 $17,511
1/23/97 $20,953 $17,318
1/24/97 $20,564 $17,162
1/27/97 $20,509 $17,039
1/28/97 $20,609 $17,039
1/29/97 $20,887 $17,206
1/30/97 $21,287 $17,466
1/31/97 $21,276 $17,510
2/3/97 $21,365 $17,523
2/4/97 $21,520 $17,579
2/5/97 $20,998 $17,334
2/6/97 $21,076 $17,376
2/7/97 $21,520 $17,586
2/10/97 $21,298 $17,494
2/11/97 $21,565 $17,586
2/12/97 $22,065 $17,880
2/13/97 $22,365 $18,081
2/14/97 $22,287 $18,007
2/18/97 $22,543 $18,181
2/19/97 $22,387 $18,096
2/20/97 $21,976 $17,881
2/21/97 $21,976 $17,858
2/24/97 $22,310 $18,047
2/25/97 $22,376 $18,086
2/26/97 $21,976 $17,945
2/27/97 $21,520 $17,708
2/28/97 $21,431 $17,614
3/3/97 $21,620 $17,714
3/4/97 $21,487 $17,617
3/5/97 $21,976 $17,862
3/6/97 $21,832 $17,786
3/7/97 $22,098 $17,929
3/10/97 $22,421 $18,122
3/11/97 $22,287 $18,071
3/12/97 $21,976 $17,913
3/13/97 $21,420 $17,586
3/14/97 $21,620 $17,666
3/17/97 $21,676 $17,723
3/18/97 $21,320 $17,588
3/19/97 $21,198 $17,501
3/20/97 $21,054 $17,432
3/21/97 $21,176 $17,464
3/24/97 $21,531 $17,615
3/25/97 $21,320 $17,575
3/26/97 $21,431 $17,607
3/27/97 $20,564 $17,236
3/31/97 $19,886 $16,863
4/1/97 $20,098 $16,919
4/2/97 $19,608 $16,707
4/3/97 $19,675 $16,712
4/4/97 $19,998 $16,880
4/7/97 $20,175 $16,975
4/8/97 $20,353 $17,064
4/9/97 $20,109 $16,941
4/10/97 $20,020 $16,890
4/11/97 $19,097 $16,429
4/14/97 $19,397 $16,565
4/15/97 $19,864 $16,810
4/16/97 $20,209 $17,006
4/17/97 $20,120 $16,967
4/18/97 $20,298 $17,068
4/21/97 $20,053 $16,935
4/22/97 $20,687 $17,253
4/23/97 $20,653 $17,231
4/24/97 $20,520 $17,176
4/25/97 $20,242 $17,047
4/28/97 $20,509 $17,216
4/29/97 $21,454 $17,686
4/30/97 $21,609 $17,848
5/1/97 $21,565 $17,785
5/2/97 $22,154 $18,107
5/5/97 $22,954 $18,493
5/6/97 $22,877 $18,436
5/7/97 $22,198 $18,166
5/8/97 $22,399 $18,269
5/9/97 $22,676 $18,370
5/12/97 $23,166 $18,657
5/13/97 $23,010 $18,556
5/14/97 $23,110 $18,654
5/15/97 $23,310 $18,751
5/16/97 $22,788 $18,481
5/19/97 $22,954 $18,559
5/20/97 $23,310 $18,746
5/21/97 $23,232 $18,695
5/22/97 $23,121 $18,612
5/23/97 $23,455 $18,866
5/27/97 $23,610 $18,925
5/28/97 $23,566 $18,870
5/29/97 $23,366 $18,800
5/30/97 $23,577 $18,893
6/2/97 $23,410 $18,851
6/3/97 $23,299 $18,831
6/4/97 $23,232 $18,712
6/5/97 $23,388 $18,785
6/6/97 $24,066 $19,110
6/9/97 $24,222 $19,219
6/10/97 $24,344 $19,272
6/11/97 $24,433 $19,368
6/12/97 $25,077 $19,677
6/13/97 $25,433 $19,896
6/16/97 $25,467 $19,910
6/17/97 $25,411 $19,921
6/18/97 $25,255 $19,803
6/19/97 $25,611 $20,001
6/20/97 $25,511 $20,016
6/23/97 $24,544 $19,569
6/24/97 $25,500 $19,964
6/25/97 $25,133 $19,800
6/26/97 $25,033 $19,682
6/27/97 $25,155 $19,763
6/30/97 $24,889 $19,714
7/1/97 $25,333 $19,846
7/2/97 $25,933 $20,135
7/3/97 $26,467 $20,422
7/7/97 $26,089 $20,317
7/8/97 $26,489 $20,463
7/9/97 $26,045 $20,213
7/10/97 $26,211 $20,352
7/11/97 $26,345 $20,417
7/14/97 $26,445 $20,455
7/15/97 $26,667 $20,619
7/16/97 $27,123 $20,860
7/17/97 $26,934 $20,749
7/18/97 $26,056 $20,386
7/21/97 $26,078 $20,334
7/22/97 $27,112 $20,802
7/23/97 $27,078 $20,860
7/24/97 $27,278 $20,943
7/25/97 $27,234 $20,909
7/28/97 $27,178 $20,857
7/29/97 $27,334 $20,987
7/30/97 $27,779 $21,210
7/31/97 $27,823 $21,255
8/1/97 $27,601 $21,095
8/4/97 $27,712 $21,166
8/5/97 $27,768 $21,212
8/6/97 $28,079 $21,389
8/7/97 $27,745 $21,186
8/8/97 $26,900 $20,792
8/11/97 $27,145 $20,870
8/12/97 $26,534 $20,636
8/13/97 $26,434 $20,536
8/14/97 $26,534 $20,597
8/15/97 $25,311 $20,063
8/18/97 $26,100 $20,324
8/19/97 $26,634 $20,625
8/20/97 $27,223 $20,922
8/21/97 $26,467 $20,603
8/22/97 $26,445 $20,570
8/25/97 $26,322 $20,494
8/26/97 $25,667 $20,335
8/27/97 $25,933 $20,351
8/28/97 $25,344 $20,127
8/29/97 $25,455 $20,034
9/2/97 $26,734 $20,660
9/3/97 $26,523 $20,666
9/4/97 $26,723 $20,733
9/5/97 $26,678 $20,692
9/8/97 $26,745 $20,740
9/9/97 $26,789 $20,794
9/10/97 $26,000 $20,469
9/11/97 $25,722 $20,326
9/12/97 $26,356 $20,578
9/15/97 $26,245 $20,486
9/16/97 $27,301 $21,062
9/17/97 $27,278 $21,003
9/18/97 $27,378 $21,099
9/19/97 $27,490 $21,170
9/22/97 $27,734 $21,280
9/23/97 $27,556 $21,202
9/24/97 $27,234 $21,036
9/25/97 $26,900 $20,890
9/26/97 $27,189 $21,053
9/29/97 $27,556 $21,233
9/30/97 $27,256 $21,098
10/1/97 $27,634 $21,280
10/2/97 $27,879 $21,392
10/3/97 $28,157 $21,494
10/6/97 $28,423 $21,664
10/7/97 $28,790 $21,897
10/8/97 $28,468 $21,690
10/9/97 $28,279 $21,618
10/10/97 $28,212 $21,537
10/13/97 $28,212 $21,562
10/14/97 $28,268 $21,611
10/15/97 $28,090 $21,509
10/16/97 $27,512 $21,276
10/17/97 $27,034 $21,029
10/20/97 $27,612 $21,284
10/21/97 $28,346 $21,655
10/22/97 $28,134 $21,571
10/23/97 $27,323 $21,174
10/24/97 $26,845 $20,973
10/27/97 $23,933 $19,533
10/28/97 $25,856 $20,519
10/29/97 $25,878 $20,472
10/30/97 $25,033 $20,127
10/31/97 $25,822 $20,371
11/3/97 $26,734 $20,914
11/4/97 $26,600 $20,953
11/5/97 $26,800 $20,998
11/6/97 $26,600 $20,892
11/7/97 $26,167 $20,658
11/10/97 $25,933 $20,516
11/11/97 $25,967 $20,575
11/12/97 $25,222 $20,178
11/13/97 $25,655 $20,416
11/14/97 $26,189 $20,677
11/17/97 $26,923 $21,074
11/18/97 $26,611 $20,897
11/19/97 $26,834 $21,039
11/20/97 $27,479 $21,359
11/21/97 $27,745 $21,451
11/24/97 $26,923 $21,085
11/25/97 $27,012 $21,177
11/26/97 $27,145 $21,196
11/28/97 $27,167 $21,279
12/1/97 $28,201 $21,711
12/2/97 $28,012 $21,642
12/3/97 $28,134 $21,755
12/4/97 $28,090 $21,674
12/5/97 $28,524 $21,912
12/8/97 $28,446 $21,880
12/9/97 $28,190 $21,733
12/10/97 $27,834 $21,600
12/11/97 $27,154 $21,269
12/12/97 $27,199 $21,235
12/15/97 $27,544 $21,457
12/16/97 $27,800 $21,561
12/17/97 $27,600 $21,505
12/18/97 $27,154 $21,277
12/19/97 $26,831 $21,087
12/22/97 $27,065 $21,241
12/23/97 $26,330 $20,917
12/24/97 $26,208 $20,774
12/26/97 $26,364 $20,857
12/29/97 $27,188 $21,234
12/30/97 $27,778 $21,623
12/31/97 $27,767 $21,614
1/2/98 $28,012 $21,716
1/5/98 $28,112 $21,762
1/6/98 $27,444 $21,528
1/7/98 $27,555 $21,471
1/8/98 $27,032 $21,294
1/9/98 $25,718 $20,662
1/12/98 $26,364 $20,919
1/13/98 $26,954 $21,206
1/14/98 $27,121 $21,336
1/15/98 $26,776 $21,175
1/16/98 $27,333 $21,415
1/20/98 $28,057 $21,796
1/21/98 $27,645 $21,622
1/22/98 $27,266 $21,450
1/23/98 $27,166 $21,328
1/26/98 $27,132 $21,314
1/27/98 $27,578 $21,583
1/28/98 $27,934 $21,771
1/29/98 $28,168 $21,950
1/30/98 $28,168 $21,833
2/2/98 $28,892 $22,301
2/3/98 $29,170 $22,406
2/4/98 $29,137 $22,426
2/5/98 $29,115 $22,352
2/6/98 $29,516 $22,550
2/9/98 $29,371 $22,512
2/10/98 $29,772 $22,696
2/11/98 $29,761 $22,718
2/12/98 $29,894 $22,810
2/13/98 $29,705 $22,720
2/17/98 $29,928 $22,780
2/18/98 $30,273 $22,987
2/19/98 $30,084 $22,903
2/20/98 $30,384 $23,035
2/23/98 $30,552 $23,122
2/24/98 $30,217 $22,953
2/25/98 $30,741 $23,228
2/26/98 $31,030 $23,357
2/27/98 $30,975 $23,372
3/2/98 $30,952 $23,335
3/3/98 $31,186 $23,431
3/4/98 $30,863 $23,327
3/5/98 $30,440 $23,053
3/6/98 $31,275 $23,513
3/9/98 $31,131 $23,438
3/10/98 $31,632 $23,704
3/11/98 $31,788 $23,798
3/12/98 $31,955 $23,830
3/13/98 $31,832 $23,800
3/16/98 $32,311 $24,038
3/17/98 $32,412 $24,065
3/18/98 $32,579 $24,177
3/19/98 $32,757 $24,271
3/20/98 $33,191 $24,481
3/23/98 $33,058 $24,401
3/24/98 $33,470 $24,626
3/25/98 $33,314 $24,543
3/26/98 $33,191 $24,518
3/27/98 $33,046 $24,398
3/30/98 $32,980 $24,356
3/31/98 $33,214 $24,539
4/1/98 $33,559 $24,682
4/2/98 $34,127 $24,946
4/3/98 $34,305 $25,006
4/6/98 $33,971 $24,976
4/7/98 $33,603 $24,713
4/8/98 $33,269 $24,537
4/9/98 $33,637 $24,738
4/13/98 $33,537 $24,716
4/14/98 $33,893 $24,851
4/15/98 $34,038 $24,930
4/16/98 $33,470 $24,682
4/17/98 $34,149 $25,006
4/20/98 $34,093 $25,027
4/21/98 $34,372 $25,087
4/22/98 $34,428 $25,168
4/23/98 $33,982 $24,936
4/24/98 $33,369 $24,676
4/27/98 $32,490 $24,200
4/28/98 $32,389 $24,168
4/29/98 $32,668 $24,380
4/30/98 $33,648 $24,762
5/1/98 $34,116 $24,968
5/4/98 $34,060 $24,992
5/5/98 $33,704 $24,849
5/6/98 $33,124 $24,610
5/7/98 $32,735 $24,392
5/8/98 $33,492 $24,681
5/11/98 $33,358 $24,648
5/12/98 $33,804 $24,852
5/13/98 $33,893 $24,920
5/14/98 $33,704 $24,887
5/15/98 $33,381 $24,694
5/18/98 $33,202 $24,630
5/19/98 $33,503 $24,712
5/20/98 $33,904 $24,924
5/21/98 $33,648 $24,826
5/22/98 $33,470 $24,733
5/26/98 $32,590 $24,367
5/27/98 $32,679 $24,327
5/28/98 $32,868 $24,446
5/29/98 $32,456 $24,296
6/1/98 $32,623 $24,299
6/2/98 $32,657 $24,345
6/3/98 $31,933 $24,115
6/4/98 $32,735 $24,385
6/5/98 $33,626 $24,809
6/8/98 $33,614 $24,850
6/9/98 $33,737 $24,910
6/10/98 $33,447 $24,773
6/11/98 $32,512 $24,379
6/12/98 $32,868 $24,474
6/15/98 $31,699 $23,988
6/16/98 $32,311 $24,224
6/17/98 $33,291 $24,658
6/18/98 $33,136 $24,642
6/19/98 $32,879 $24,514
6/22/98 $33,058 $24,572
6/23/98 $33,670 $24,934
6/24/98 $34,372 $25,232
6/25/98 $34,260 $25,152
6/26/98 $34,450 $25,239
6/29/98 $34,639 $25,357
6/30/98 $34,272 $25,254
7/1/98 $34,884 $25,582
7/2/98 $34,951 $25,534
7/6/98 $35,475 $25,776
7/7/98 $35,374 $25,717
7/8/98 $35,742 $25,978
7/9/98 $35,397 $25,804
7/10/98 $35,630 $25,933
7/13/98 $35,697 $25,952
7/14/98 $36,254 $26,228
7/15/98 $36,143 $26,166
7/16/98 $36,510 $26,371
7/17/98 $36,633 $26,432
7/20/98 $36,611 $26,373
7/21/98 $35,664 $25,949
7/22/98 $35,619 $25,927
7/23/98 $34,506 $25,385
7/24/98 $34,517 $25,409
7/27/98 $34,784 $25,553
7/28/98 $33,982 $25,174
7/29/98 $33,715 $25,061
7/30/98 $34,483 $25,455
7/31/98 $33,436 $24,960
8/3/98 $33,180 $24,777
8/4/98 $31,264 $23,879
8/5/98 $31,844 $24,086
8/6/98 $32,066 $24,269
8/7/98 $32,144 $24,265
8/10/98 $31,866 $24,124
8/11/98 $31,131 $23,809
8/12/98 $31,944 $24,149
8/13/98 $31,353 $23,941
8/14/98 $30,785 $23,670
8/17/98 $31,732 $24,136
8/18/98 $32,623 $24,527
8/19/98 $32,478 $24,457
8/20/98 $32,144 $24,313
8/21/98 $31,777 $24,081
8/24/98 $32,055 $24,236
8/25/98 $32,189 $24,341
8/26/98 $31,832 $24,148
8/27/98 $29,716 $23,221
8/28/98 $29,371 $22,880
8/31/98 $26,241 $21,327
9/1/98 $27,912 $22,144
9/2/98 $27,611 $22,061
9/3/98 $27,355 $21,878
9/4/98 $26,976 $21,691
9/8/98 $29,059 $22,795
9/9/98 $28,146 $22,411
9/10/98 $26,887 $21,831
9/11/98 $28,368 $22,474
9/14/98 $29,159 $22,935
9/15/98 $29,438 $23,112
9/16/98 $29,861 $23,286
9/17/98 $28,669 $22,693
9/18/98 $28,725 $22,720
9/21/98 $28,769 $22,805
9/22/98 $29,092 $22,936
9/23/98 $30,685 $23,745
9/24/98 $29,649 $23,224
9/25/98 $29,627 $23,269
9/28/98 $30,006 $23,357
9/29/98 $29,839 $23,365
9/30/98 $28,491 $22,652
10/1/98 $27,199 $21,970
10/2/98 $27,923 $22,331
10/5/98 $27,221 $22,018
10/6/98 $27,166 $21,929
10/7/98 $26,564 $21,620
10/8/98 $26,152 $21,369
10/9/98 $27,099 $21,923
10/12/98 $27,656 $22,222
10/13/98 $27,555 $22,157
10/14/98 $27,934 $22,396
10/15/98 $29,972 $23,330
10/16/98 $30,173 $23,529
10/19/98 $30,351 $23,662
10/20/98 $30,496 $23,697
10/21/98 $30,540 $23,830
10/22/98 $31,064 $24,021
10/23/98 $30,574 $23,847
10/26/98 $30,785 $23,883
10/27/98 $30,518 $23,728
10/28/98 $30,440 $23,789
10/29/98 $31,443 $24,187
10/30/98 $31,855 $24,470
11/2/98 $32,523 $24,758
11/3/98 $32,267 $24,741
11/4/98 $32,701 $24,916
11/5/98 $33,392 $25,250
11/6/98 $33,716 $25,413
11/9/98 $33,219 $25,173
11/10/98 $32,948 $25,129
11/11/98 $32,779 $24,967
11/12/98 $32,666 $24,894
11/13/98 $33,050 $25,073
11/16/98 $33,467 $25,299
11/17/98 $33,547 $25,376
11/18/98 $33,818 $25,491
11/19/98 $34,201 $25,672
11/20/98 $34,608 $25,915
11/23/98 $35,771 $26,465
11/24/98 $35,455 $26,348
11/25/98 $35,489 $26,435
11/27/98 $35,816 $26,556
11/30/98 $34,427 $25,917
12/1/98 $34,947 $26,177
12/2/98 $34,834 $26,087
12/3/98 $33,930 $25,617
12/4/98 $35,139 $26,209
12/7/98 $35,511 $26,453
12/8/98 $35,229 $26,313
12/9/98 $35,342 $26,360
12/10/98 $34,540 $25,948
12/11/98 $34,472 $25,980
12/14/98 $33,298 $25,418
12/15/98 $34,359 $25,899
12/16/98 $34,359 $25,880
12/17/98 $35,139 $26,281
12/18/98 $35,398 $26,461
12/21/98 $36,144 $26,791
12/22/98 $36,200 $26,807
12/23/98 $37,386 $27,363
12/24/98 $37,261 $27,312
12/28/98 $37,047 $27,295
12/29/98 $37,961 $27,658
12/30/98 $37,431 $27,438
12/31/98 $37,521 $27,378
1/4/99 $37,363 $27,353
1/5/99 $37,961 $27,725
1/6/99 $39,203 $28,338
1/7/99 $39,079 $28,280
1/8/99 $39,463 $28,400
1/11/99 $38,865 $28,150
1/12/99 $37,803 $27,607
1/13/99 $37,363 $27,493
1/14/99 $36,415 $26,999
1/15/99 $37,781 $27,691
1/19/99 $38,153 $27,861
1/20/99 $38,571 $27,988
1/21/99 $37,160 $27,510
1/22/99 $36,990 $27,288
1/25/99 $37,453 $27,484
1/26/99 $38,402 $27,892
1/27/99 $37,769 $27,689
1/28/99 $38,639 $28,183
1/29/99 $39,294 $28,501
2/1/99 $38,978 $28,353
2/2/99 $38,526 $28,108
2/3/99 $39,091 $28,332
2/4/99 $38,131 $27,807
2/5/99 $37,476 $27,605
2/8/99 $37,668 $27,702
2/9/99 $36,392 $27,087
2/10/99 $36,697 $27,252
2/11/99 $38,278 $27,931
2/12/99 $37,205 $27,398
2/16/99 $37,476 $27,660
2/17/99 $36,821 $27,262
2/18/99 $37,295 $27,558
2/19/99 $37,476 $27,600
2/22/99 $38,910 $28,334
2/23/99 $38,921 $28,313
2/24/99 $37,984 $27,917
2/25/99 $37,510 $27,730
2/26/99 $37,227 $27,581
3/1/99 $37,284 $27,533
3/2/99 $36,844 $27,295
3/3/99 $37,013 $27,344
3/4/99 $37,758 $27,766
3/5/99 $39,068 $28,408
3/8/99 $39,339 $28,570
3/9/99 $39,192 $28,506
3/10/99 $39,565 $28,661
3/11/99 $40,208 $28,903
3/12/99 $39,791 $28,834
3/15/99 $40,457 $29,116
3/16/99 $40,423 $29,096
3/17/99 $40,073 $28,906
3/18/99 $40,931 $29,323
3/19/99 $40,005 $28,939
3/22/99 $40,005 $28,888
3/23/99 $38,300 $28,111
3/24/99 $38,616 $28,255
3/25/99 $39,689 $28,732
3/26/99 $39,384 $28,571
3/29/99 $40,536 $29,181
3/30/99 $40,129 $28,971
3/31/99 $39,373 $28,651
4/1/99 $39,734 $28,815
4/2/99 $39,734 $28,815
4/5/99 $41,055 $29,425
4/6/99 $40,875 $29,353
4/7/99 $41,304 $29,553
4/8/99 $42,117 $29,934
4/9/99 $42,275 $30,031
4/12/99 $42,805 $30,260
4/13/99 $42,365 $30,064
4/14/99 $41,304 $29,588
4/15/99 $41,078 $29,463
4/16/99 $40,875 $29,378
4/19/99 $39,486 $28,720
4/20/99 $40,208 $29,092
4/21/99 $41,654 $29,759
4/22/99 $42,670 $30,265
4/23/99 $42,568 $30,221
4/26/99 $42,715 $30,292
4/27/99 $42,884 $30,353
4/28/99 $42,297 $30,088
4/29/99 $41,857 $29,908
4/30/99 $41,417 $29,738
5/3/99 $42,399 $30,171
5/4/99 $41,383 $29,667
5/5/99 $42,060 $30,008
5/6/99 $41,417 $29,668
5/7/99 $41,992 $29,957
5/10/99 $41,721 $29,852
5/11/99 $42,433 $30,193
5/12/99 $42,873 $30,380
5/13/99 $43,043 $30,459
5/14/99 $41,631 $29,796
5/17/99 $41,665 $29,834
5/18/99 $41,394 $29,697
5/19/99 $41,913 $29,940
5/20/99 $41,654 $29,819
5/21/99 $41,213 $29,629
5/24/99 $40,129 $29,110
5/25/99 $39,079 $28,607
5/26/99 $39,994 $29,061
5/27/99 $38,921 $28,540
5/28/99 $39,836 $28,996
6/1/99 $39,531 $28,827
6/2/99 $39,531 $28,839
6/3/99 $39,779 $28,944
6/4/99 $41,044 $29,573
6/7/99 $41,349 $29,723
6/8/99 $40,581 $29,341
6/9/99 $40,592 $29,370
6/10/99 $39,870 $29,017
6/11/99 $39,441 $28,813
6/14/99 $39,463 $28,821
6/15/99 $39,824 $28,980
6/16/99 $41,112 $29,632
6/17/99 $41,586 $29,843
6/18/99 $41,688 $29,909
6/21/99 $41,981 $30,046
6/22/99 $41,371 $29,754
6/23/99 $41,179 $29,691
6/24/99 $40,423 $29,306
6/25/99 $40,423 $29,296
6/28/99 $41,157 $29,653
6/29/99 $42,004 $30,100
6/30/99 $42,907 $30,573
7/1/99 $43,438 $30,758
7/2/99 $43,923 $30,986
7/6/99 $43,765 $30,917
7/7/99 $44,104 $31,090
7/8/99 $44,059 $31,058
7/9/99 $44,431 $31,255
7/12/99 $44,273 $31,162
7/13/99 $44,002 $31,038
7/14/99 $44,183 $31,141
7/15/99 $44,736 $31,396
7/16/99 $45,177 $31,600
7/19/99 $44,668 $31,352
7/20/99 $43,155 $30,672
7/21/99 $43,223 $30,721
7/22/99 $42,376 $30,312
7/23/99 $42,173 $30,223
7/26/99 $41,755 $30,018
7/27/99 $42,455 $30,354
7/28/99 $42,602 $30,411
7/29/99 $41,462 $29,868
7/30/99 $40,807 $29,594
8/2/99 $40,807 $29,579
8/3/99 $40,525 $29,449
8/4/99 $39,712 $29,073
8/5/99 $40,118 $29,260
8/6/99 $39,520 $28,961
8/9/99 $39,429 $28,906
8/10/99 $38,661 $28,541
8/11/99 $39,576 $28,998
8/12/99 $39,429 $28,914
8/13/99 $40,784 $29,571
8/16/99 $40,942 $29,640
8/17/99 $41,529 $29,938
8/18/99 $40,999 $29,686
8/19/99 $40,570 $29,480
8/20/99 $41,112 $29,770
8/23/99 $42,241 $30,296
8/24/99 $42,365 $30,369
8/25/99 $43,234 $30,776
8/26/99 $42,320 $30,336
8/27/99 $41,676 $30,030
8/30/99 $40,502 $29,490
8/31/99 $40,333 $29,409
9/1/99 $40,852 $29,647
9/2/99 $40,242 $29,380
9/3/99 $42,060 $30,229
9/7/99 $41,699 $30,078
9/8/99 $41,371 $29,938
9/9/99 $41,507 $30,016
9/10/99 $41,699 $30,105
9/13/99 $41,394 $29,937
9/14/99 $40,999 $29,763
9/15/99 $40,141 $29,355
9/16/99 $40,163 $29,366
9/17/99 $40,931 $29,743
9/20/99 $40,942 $29,746
9/21/99 $39,610 $29,123
9/22/99 $39,745 $29,189
9/23/99 $38,323 $28,526
9/24/99 $38,232 $28,450
9/27/99 $38,470 $28,583
9/28/99 $38,413 $28,558
9/29/99 $37,792 $28,250
9/30/99 $38,413 $28,569
10/1/99 $38,436 $28,572
10/4/99 $39,418 $29,057
10/5/99 $39,316 $28,985
10/6/99 $40,310 $29,520
10/7/99 $40,028 $29,347
10/8/99 $40,829 $29,757
10/11/99 $40,773 $29,739
10/12/99 $39,791 $29,245
10/13/99 $38,436 $28,633
10/14/99 $38,368 $28,585
10/15/99 $36,742 $27,783
10/18/99 $37,047 $27,933
10/19/99 $37,329 $28,093
10/20/99 $38,549 $28,719
10/21/99 $38,311 $28,589
10/22/99 $39,079 $28,991
10/25/99 $38,752 $28,813
10/26/99 $38,187 $28,552
10/27/99 $38,876 $28,881
10/28/99 $40,965 $29,900
10/29/99 $41,880 $30,356
11/1/99 $41,484 $30,160
11/2/99 $41,112 $30,018
11/3/99 $41,439 $30,178
11/4/99 $41,812 $30,350
11/5/99 $42,165 $30,519
11/8/99 $42,482 $30,670
11/9/99 $41,939 $30,408
11/10/99 $42,312 $30,591
11/11/99 $42,651 $30,769
11/12/99 $43,374 $31,094
11/15/99 $43,306 $31,057
11/16/99 $44,537 $31,628
11/17/99 $44,063 $31,420
11/18/99 $44,673 $31,737
11/19/99 $44,549 $31,672
11/22/99 $44,492 $31,648
11/23/99 $43,747 $31,285
11/24/99 $44,311 $31,562
11/26/99 $44,244 $31,552
11/29/99 $43,826 $31,356
11/30/99 $42,900 $30,938
12/1/99 $43,374 $31,131
12/2/99 $43,871 $31,383
12/3/99 $45,034 $31,923
12/6/99 $44,515 $31,702
12/7/99 $43,973 $31,386
12/8/99 $43,600 $31,268
12/9/99 $43,792 $31,362
12/10/99 $44,153 $31,561
12/13/99 $44,153 $31,521
12/14/99 $43,555 $31,252
12/15/99 $43,984 $31,479
12/16/99 $44,289 $31,600
12/17/99 $44,436 $31,651
12/20/99 $44,199 $31,585
12/21/99 $44,944 $31,926
12/22/99 $45,046 $31,987
12/24/99 $46,096 $32,481
12/27/99 $45,983 $32,453
12/28/99 $46,096 $32,466
12/29/99 $46,266 $32,595
12/30/99 $46,266 $32,618
12/31/99 $46,525 $32,724
1/3/00 $45,814 $32,412
1/4/00 $43,159 $31,169
1/5/00 $43,295 $31,229
1/6/00 $43,272 $31,259
1/7/00 $45,170 $32,105
1/10/00 $45,859 $32,465
1/11/00 $44,978 $32,041
1/12/00 $44,639 $31,900
1/13/00 $45,464 $32,288
1/17/00 $46,266 $32,633
1/18/00 $45,712 $32,410
1/19/00 $45,769 $32,427
1/20/00 $45,204 $32,197
1/21/00 $45,057 $32,103
1/24/00 $43,159 $31,224
1/25/00 $43,543 $31,405
1/26/00 $43,306 $31,273
1/27/00 $43,080 $31,150
1/28/00 $41,217 $30,294
1/31/00 $42,708 $31,058
2/1/00 $43,453 $31,388
2/2/00 $43,408 $31,385
2/3/00 $44,210 $31,738
2/4/00 $44,210 $31,725
2/7/00 $44,153 $31,694
2/8/00 $44,989 $32,112
2/9/00 $43,589 $31,443
2/10/00 $43,781 $31,557
2/11/00 $42,459 $30,895
2/14/00 $42,583 $30,958
2/15/00 $43,159 $31,227
2/16/00 $42,425 $30,907
2/17/00 $42,380 $30,920
2/18/00 $40,595 $29,981
2/22/00 $40,765 $30,116
2/23/00 $41,228 $30,306
2/24/00 $40,787 $30,145
2/25/00 $40,008 $29,698
2/28/00 $40,584 $30,025
2/29/00 $41,442 $30,434
3/1/00 $41,985 $30,718
3/2/00 $42,154 $30,776
3/3/00 $43,408 $31,386
3/6/00 $42,549 $30,988
3/7/00 $40,945 $30,193
3/8/00 $41,431 $30,440
3/9/00 $42,979 $31,219
3/10/00 $42,741 $31,072
3/13/00 $42,188 $30,817
3/14/00 $41,104 $30,272
3/15/00 $42,527 $31,007
3/16/00 $45,565 $32,484
3/17/00 $45,825 $32,618
3/20/00 $45,452 $32,443
3/21/00 $47,203 $33,273
3/22/00 $47,429 $33,423
3/23/00 $48,773 $34,018
3/24/00 $48,886 $34,021
3/27/00 $48,626 $33,940
3/28/00 $47,790 $33,581
3/29/00 $47,926 $33,599
3/30/00 $46,808 $33,140
3/31/00 $47,361 $33,377
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
INVESTOR CLASS ADVISOR CLASS
(7-12-93) (10-15-98)
------------------------------- --------------------
ONE FIVE SINCE ONE SINCE
YEAR YEAR INCEPTION YEAR INCEPTION
<S> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------
Nova Fund 20.29% 32.62% 26.03% 19.74% 36.13%
S&P 500-Registered Trademark- Index 16.50% 24.51% 19.63% 16.50% 27.79%
-------------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE S&P 500 INDEX IS AN
UNMANAGED STOCK INDEX AND, UNLIKE THE FUND, HAS NO MANAGEMENT FEES OR OTHER
OPERATING EXPENSES TO REDUCE ITS REPORTED RETURN. RETURNS ARE HISTORICAL AND
INCLUDE CHANGES IN PRINCIPAL AND REINVESTED DIVIDENDS AND CAPITAL GAINS. THE
GRAPH IS BASED ON INVESTOR CLASS SHARES ONLY; PERFORMANCE FOR ADVISOR
CLASS SHARES WILL VARY DUE TO DIFFERENCES IN FEE STRUCTURES.
4
<PAGE>
THE URSA FUND
BENCHMARK: INVERSE (OPPOSITE) OF THE S&P 500-REGISTERED TRADEMARK- COMPOSITE
STOCK PRICE INDEX
INCEPTION: JANUARY 7, 1994
The Ursa Fund is designed to be 100% short the market at all times. To achieve
its benchmark, the Ursa Fund establishes short positions in S&P 500 futures
contracts and purchases put options on S&P 500 futures contracts. During the
current reporting period, the fund's daily returns highly correlated with the
inverse of the daily returns of the S&P 500 index. The Ursa Fund posted a
-10.64% total return for the year as a result of its short position as compared
to the 16.50% return for the S&P 500. Although Ursa remained 100% short the
market on each trading day, the leverage factor over the entire year differed
from the daily leverage factor due to a negative compounding effect.
CUMULATIVE FUND PERFORMANCE: JANUARY 7, 1994--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX URSA FUND S&P 500 INDEX
<S> <C> <C>
1/7/94 $10,000 $10,000
1/10/94 $9,900 $10,114
1/11/94 $9,920 $10,090
1/12/94 $9,940 $10,091
1/13/94 $9,940 $10,055
1/14/94 $9,910 $10,107
1/17/94 $9,950 $10,072
1/18/94 $9,930 $10,093
1/19/94 $9,940 $10,094
1/20/94 $9,910 $10,108
1/21/94 $9,950 $10,103
1/24/94 $9,970 $10,044
1/25/94 $9,990 $10,022
1/26/94 $9,940 $10,070
1/27/94 $9,860 $10,152
1/28/94 $9,840 $10,187
1/31/94 $9,770 $10,249
2/1/94 $9,810 $10,207
2/2/94 $9,760 $10,258
2/3/94 $9,810 $10,230
2/4/94 $10,050 $9,998
2/7/94 $9,980 $10,040
2/8/94 $9,980 $10,024
2/9/94 $9,950 $10,061
2/10/94 $10,030 $9,979
2/11/94 $10,010 $10,006
2/14/94 $9,990 $10,007
2/15/94 $9,920 $10,056
2/16/94 $9,930 $10,062
2/17/94 $9,990 $10,009
2/18/94 $10,040 $9,953
2/22/94 $9,950 $10,033
2/23/94 $9,960 $10,017
2/24/94 $10,120 $9,880
2/25/94 $10,060 $9,918
2/28/94 $10,050 $9,941
3/1/94 $10,100 $9,884
3/2/94 $10,090 $9,892
3/3/94 $10,130 $9,853
3/4/94 $10,090 $9,890
3/7/94 $10,040 $9,936
3/8/94 $10,080 $9,914
3/9/94 $10,040 $9,940
3/10/94 $10,100 $9,872
3/11/94 $10,050 $9,926
3/14/94 $10,040 $9,947
3/15/94 $10,050 $9,938
3/16/94 $9,990 $9,990
3/17/94 $9,970 $10,021
3/18/94 $10,000 $10,025
3/21/94 $10,020 $9,971
3/22/94 $10,000 $9,977
3/23/94 $9,990 $9,971
3/24/94 $10,110 $9,882
3/25/94 $10,220 $9,802
3/28/94 $10,190 $9,789
3/29/94 $10,410 $9,629
3/30/94 $10,520 $9,482
3/31/94 $10,500 $9,486
4/4/94 $10,670 $9,341
4/5/94 $10,460 $9,540
4/6/94 $10,470 $9,535
4/7/94 $10,390 $9,595
4/8/94 $10,470 $9,515
4/11/94 $10,400 $9,574
4/12/94 $10,450 $9,525
4/13/94 $10,500 $9,497
4/14/94 $10,500 $9,499
4/15/94 $10,500 $9,495
4/18/94 $10,580 $9,416
4/19/94 $10,560 $9,418
4/20/94 $10,570 $9,405
4/21/94 $10,410 $9,549
4/22/94 $10,440 $9,526
4/25/94 $10,350 $9,634
4/26/94 $10,360 $9,616
4/28/94 $10,420 $9,557
4/29/94 $10,390 $9,596
5/2/94 $10,340 $9,641
5/3/94 $10,360 $9,641
5/4/94 $10,380 $9,613
5/5/94 $10,390 $9,613
5/6/94 $10,480 $9,530
5/9/94 $10,580 $9,413
5/10/94 $10,490 $9,492
5/11/94 $10,600 $9,395
5/12/94 $10,550 $9,443
5/13/94 $10,530 $9,452
5/16/94 $10,530 $9,459
5/17/94 $10,370 $9,563
5/18/94 $10,290 $9,563
5/19/94 $10,240 $9,714
5/20/94 $10,280 $9,681
5/23/94 $10,300 $9,645
5/24/94 $10,270 $9,679
5/25/94 $10,250 $9,711
5/26/94 $10,230 $9,727
5/27/94 $10,240 $9,732
5/31/94 $10,250 $9,715
6/1/94 $10,220 $9,739
6/2/94 $10,230 $9,739
6/3/94 $10,170 $9,792
6/6/94 $10,190 $9,765
6/7/94 $10,210 $9,751
6/8/94 $10,230 $9,727
6/9/94 $10,210 $9,744
6/10/94 $10,190 $9,761
6/13/94 $10,180 $9,770
6/14/94 $10,120 $9,840
6/15/94 $10,170 $9,802
6/16/94 $10,140 $9,830
6/17/94 $10,220 $9,756
6/20/94 $10,290 $9,693
6/21/94 $10,380 $9,605
6/22/94 $10,330 $9,642
6/23/94 $10,410 $9,569
6/24/94 $10,610 $9,423
6/27/94 $10,440 $9,519
6/28/94 $10,490 $9,493
6/29/94 $10,450 $9,526
6/30/94 $10,540 $9,455
7/1/94 $10,510 $9,496
7/5/94 $10,500 $9,499
7/6/94 $10,510 $9,494
7/7/94 $10,450 $9,542
7/8/94 $10,440 $9,567
7/11/94 $10,500 $9,535
7/12/94 $10,470 $9,533
7/13/94 $10,450 $9,549
7/14/94 $10,350 $9,649
7/15/94 $10,330 $9,665
7/18/94 $10,310 $9,688
7/19/94 $10,330 $9,659
7/20/94 $10,390 $9,611
7/21/94 $10,360 $9,632
7/22/94 $10,360 $9,643
7/25/94 $10,340 $9,667
7/26/94 $10,350 $9,648
7/27/94 $10,370 $9,631
7/28/94 $10,320 $9,667
7/29/94 $10,240 $9,752
8/1/94 $10,190 $9,811
8/2/94 $10,190 $9,801
8/3/94 $10,180 $9,820
8/4/94 $10,250 $9,755
8/5/94 $10,280 $9,727
8/8/94 $10,260 $9,744
8/9/94 $10,250 $9,745
8/10/94 $10,200 $9,796
8/11/94 $10,250 $9,765
8/12/94 $10,160 $9,831
8/15/94 $10,170 $9,815
8/16/94 $10,100 $9,896
8/17/94 $10,110 $9,899
8/18/94 $10,140 $9,857
8/19/94 $10,130 $9,868
8/22/94 $10,150 $9,838
8/23/94 $10,100 $9,885
8/24/94 $10,000 $9,981
8/25/94 $10,030 $9,961
8/26/94 $9,880 $10,083
8/29/94 $9,890 $10,100
8/30/94 $9,860 $10,132
8/31/94 $9,900 $10,119
9/1/94 $9,910 $10,070
9/2/94 $9,960 $10,023
9/6/94 $9,960 $10,023
9/7/94 $9,980 $10,042
9/8/94 $9,930 $10,023
9/9/94 $10,040 $10,069
9/12/94 $10,090 $9,963
9/13/94 $10,060 $9,921
9/14/94 $10,030 $9,949
9/15/94 $9,920 $10,104
9/16/94 $9,990 $10,027
9/19/94 $9,990 $10,020
9/20/94 $10,170 $9,861
9/21/94 $10,180 $9,820
9/22/94 $10,200 $9,816
9/23/94 $10,220 $9,782
9/26/94 $10,190 $9,807
9/27/94 $10,180 $9,833
9/28/94 $10,120 $9,892
9/29/94 $10,180 $9,837
9/30/94 $10,200 $9,847
10/3/94 $10,200 $9,826
10/4/94 $10,380 $9,674
10/5/94 $10,400 $9,651
10/6/94 $10,410 $9,627
10/7/94 $10,350 $9,685
10/10/94 $10,260 $9,769
10/11/94 $10,100 $9,913
10/12/94 $10,100 $9,906
10/13/94 $10,070 $9,955
10/14/94 $10,030 $9,983
10/17/94 $10,050 $9,980
10/18/94 $10,090 $9,952
10/19/94 $10,040 $10,008
10/20/94 $10,120 $9,935
10/21/94 $10,150 $9,893
10/24/94 $10,230 $9,807
10/25/94 $10,230 $9,822
10/26/94 $10,210 $9,845
10/27/94 $10,120 $9,914
10/28/94 $9,930 $10,082
10/31/94 $10,010 $10,052
11/1/94 $10,080 $9,969
11/2/94 $10,130 $9,928
11/3/94 $10,090 $9,958
11/4/94 $10,230 $9,838
11/7/94 $10,180 $9,854
11/8/94 $10,130 $9,910
11/9/94 $10,160 $9,904
11/10/94 $10,170 $9,882
11/11/94 $10,230 $9,839
11/14/94 $10,140 $9,918
11/15/94 $10,170 $9,896
11/16/94 $10,140 $9,909
11/17/94 $10,200 $9,865
11/18/94 $10,220 $9,821
11/21/94 $10,350 $9,753
11/22/94 $10,590 $9,578
11/23/94 $10,510 $9,575
11/25/94 $10,450 $9,625
11/28/94 $10,410 $9,665
11/29/94 $10,390 $9,687
11/30/94 $10,440 $9,655
12/1/94 $10,550 $9,554
12/2/94 $10,440 $9,647
12/5/94 $10,440 $9,647
12/6/94 $10,450 $9,643
12/7/94 $10,490 $9,603
12/8/94 $10,630 $9,480
12/9/94 $10,590 $9,512
12/12/94 $10,530 $9,565
12/13/94 $10,513 $9,580
12/14/94 $10,422 $9,682
12/15/94 $10,402 $9,690
12/16/94 $10,332 $9,764
12/19/94 $10,332 $9,745
12/20/94 $10,372 $9,728
12/21/94 $10,271 $9,781
12/22/94 $10,312 $9,783
12/23/94 $10,312 $9,786
12/27/94 $10,251 $9,842
12/28/94 $10,291 $9,808
12/29/94 $10,281 $9,814
12/30/94 $10,372 $9,774
1/3/95 $10,372 $9,770
1/4/95 $10,322 $9,804
1/5/95 $10,332 $9,797
1/6/95 $10,342 $9,804
1/9/95 $10,322 $9,807
1/10/95 $10,312 $9,825
1/11/95 $10,312 $9,825
1/12/95 $10,312 $9,824
1/13/95 $10,211 $9,916
1/16/95 $10,151 $9,989
1/17/95 $10,151 $10,003
1/18/95 $10,171 $9,996
1/19/95 $10,221 $9,937
1/20/95 $10,261 $9,891
1/23/95 $10,241 $9,913
1/24/95 $10,231 $9,914
1/25/95 $10,201 $9,948
1/26/95 $10,181 $9,966
1/27/95 $10,171 $10,010
1/30/95 $10,201 $9,970
1/31/95 $10,151 $10,011
2/1/95 $10,161 $10,011
2/2/95 $10,100 $10,062
2/3/95 $9,969 $10,186
2/6/95 $9,939 $10,239
2/7/95 $9,929 $10,232
2/8/95 $9,949 $10,240
2/9/95 $9,939 $10,219
2/10/95 $9,929 $10,246
2/13/95 $9,929 $10,250
2/14/95 $9,929 $10,269
2/15/95 $9,869 $10,312
2/16/95 $9,879 $10,326
2/17/95 $9,919 $10,257
2/21/95 $9,919 $10,273
2/22/95 $9,869 $10,323
2/23/95 $9,828 $10,362
2/24/95 $9,838 $10,391
2/27/95 $9,909 $10,299
2/28/95 $9,838 $10,372
3/1/95 $9,889 $10,335
3/2/95 $9,879 $10,324
3/3/95 $9,899 $10,330
3/6/95 $9,889 $10,335
3/7/95 $9,979 $10,260
3/8/95 $9,949 $10,282
3/9/95 $9,949 $10,282
3/10/95 $9,798 $10,419
3/13/95 $9,818 $10,429
3/14/95 $9,748 $10,489
3/15/95 $9,778 $10,468
3/16/95 $9,707 $10,543
3/17/95 $9,707 $10,545
3/20/95 $9,707 $10,558
3/21/95 $9,717 $10,536
3/22/95 $9,717 $10,548
3/23/95 $9,717 $10,554
3/24/95 $9,607 $10,661
3/27/95 $9,577 $10,709
3/28/95 $9,577 $10,724
3/29/95 $9,597 $10,707
3/30/95 $9,597 $10,688
3/31/95 $9,637 $10,656
4/3/95 $9,637 $10,680
4/4/95 $9,577 $10,752
4/5/95 $9,556 $10,759
4/6/95 $9,546 $10,770
4/7/95 $9,566 $10,777
4/10/95 $9,546 $10,790
4/11/95 $9,577 $10,758
4/12/95 $9,546 $10,793
4/13/95 $9,506 $10,837
4/17/95 $9,577 $10,771
4/18/95 $9,587 $10,755
4/19/95 $9,607 $10,745
4/20/95 $9,597 $10,753
4/21/95 $9,546 $10,821
4/24/95 $9,456 $10,915
4/25/95 $9,486 $10,899
4/26/95 $9,476 $10,910
4/27/95 $9,456 $10,929
4/28/95 $9,436 $10,954
5/1/95 $9,466 $10,944
5/2/95 $9,436 $10,957
5/3/95 $9,335 $11,076
5/4/95 $9,325 $11,078
5/5/95 $9,355 $11,069
5/8/95 $9,284 $11,150
5/9/95 $9,305 $11,142
5/10/95 $9,284 $11,159
5/11/95 $9,264 $11,159
5/12/95 $9,264 $11,184
5/15/95 $9,214 $11,231
5/16/95 $9,224 $11,240
5/17/95 $9,254 $11,217
5/18/95 $9,405 $11,057
5/19/95 $9,385 $11,049
5/22/95 $9,295 $11,144
5/23/95 $9,214 $11,249
5/24/95 $9,224 $11,249
5/25/95 $9,224 $11,249
5/26/95 $9,325 $11,144
5/30/95 $9,335 $11,142
5/31/95 $9,164 $11,351
6/1/95 $9,154 $11,353
6/2/95 $9,184 $11,332
6/5/95 $9,113 $11,398
6/6/95 $9,133 $11,397
6/7/95 $9,174 $11,346
6/8/95 $9,194 $11,329
6/9/95 $9,254 $11,235
6/12/95 $9,194 $11,298
6/13/95 $9,123 $11,408
6/14/95 $9,133 $11,417
6/15/95 $9,093 $11,431
6/16/95 $9,093 $11,488
6/19/95 $8,992 $11,603
6/20/95 $9,003 $11,598
6/21/95 $9,013 $11,577
6/22/95 $8,912 $11,727
6/23/95 $8,922 $11,698
6/26/95 $9,025 $11,580
6/27/95 $9,046 $11,544
6/27/95 $9,046 $11,544
6/27/95 $9,046 $11,544
6/28/95 $9,015 $11,592
6/29/95 $9,036 $11,574
6/30/95 $9,056 $11,593
7/3/95 $9,015 $11,643
7/5/95 $8,984 $11,646
7/6/95 $8,891 $11,790
7/7/95 $8,850 $11,840
7/10/95 $8,840 $11,858
7/11/95 $8,891 $11,806
7/12/95 $8,788 $11,936
7/13/95 $8,799 $11,939
7/14/95 $8,819 $11,915
7/17/95 $8,778 $11,975
7/18/95 $8,850 $11,885
7/19/95 $8,953 $11,725
7/20/95 $8,922 $11,780
7/21/95 $8,933 $11,782
7/24/95 $8,860 $11,846
7/25/95 $8,809 $11,941
7/26/95 $8,799 $11,952
7/27/95 $8,747 $12,029
7/28/95 $8,799 $11,980
7/31/95 $8,819 $11,961
8/1/95 $8,850 $11,910
8/2/95 $8,881 $11,892
8/3/95 $8,860 $11,891
8/4/95 $8,860 $11,895
8/7/95 $8,850 $11,918
8/8/95 $8,840 $11,926
8/9/95 $8,840 $11,911
8/10/95 $8,902 $11,863
8/11/95 $8,922 $11,813
8/14/95 $8,850 $11,912
8/15/95 $8,881 $11,887
8/16/95 $8,871 $11,917
8/17/95 $8,871 $11,897
8/18/95 $8,860 $11,901
8/21/95 $8,902 $11,877
8/22/95 $8,881 $11,907
8/23/95 $8,922 $11,857
8/24/95 $8,902 $11,863
8/25/95 $8,860 $11,920
8/28/95 $8,902 $11,897
8/29/95 $8,881 $11,917
8/30/95 $8,871 $11,937
8/31/95 $8,850 $11,957
9/1/95 $8,819 $11,999
9/5/95 $8,747 $12,113
9/6/95 $8,726 $12,134
9/7/95 $8,726 $12,136
9/8/95 $8,696 $12,187
9/11/95 $8,685 $12,213
9/12/95 $8,644 $12,269
9/13/95 $8,603 $12,317
9/14/95 $8,541 $12,420
9/15/95 $8,541 $12,414
9/18/95 $8,562 $12,402
9/19/95 $8,531 $12,432
9/20/95 $8,500 $12,487
9/21/95 $8,572 $12,407
9/22/95 $8,572 $12,380
9/25/95 $8,593 $12,382
9/26/95 $8,593 $12,373
9/27/95 $8,603 $12,365
9/28/95 $8,541 $12,468
9/29/95 $8,562 $12,437
10/2/95 $8,603 $12,380
10/3/95 $8,593 $12,393
10/4/95 $8,613 $12,374
10/5/95 $8,593 $12,399
10/6/95 $8,593 $12,396
10/9/95 $8,665 $12,308
10/10/95 $8,675 $12,290
10/11/95 $8,644 $12,332
10/12/95 $8,582 $12,409
10/13/95 $8,572 $12,439
10/16/95 $8,613 $12,408
10/17/95 $8,541 $12,487
10/18/95 $8,531 $12,501
10/19/95 $8,489 $12,570
10/20/95 $8,551 $12,502
10/23/95 $8,582 $12,451
10/24/95 $8,562 $12,483
10/25/95 $8,634 $12,396
10/26/95 $8,716 $12,273
10/27/95 $8,644 $12,337
10/30/95 $8,603 $12,412
10/31/95 $8,644 $12,375
11/1/95 $8,582 $12,433
11/2/95 $8,520 $12,550
11/3/95 $8,531 $12,568
11/6/95 $8,551 $12,523
11/7/95 $8,593 $12,478
11/8/95 $8,510 $12,592
11/9/95 $8,500 $12,625
11/10/95 $8,510 $12,614
11/13/95 $8,510 $12,605
11/14/95 $8,562 $12,541
11/15/95 $8,479 $12,639
11/16/95 $8,428 $12,712
11/17/95 $8,417 $12,770
11/20/95 $8,459 $12,702
11/21/95 $8,407 $12,774
11/22/95 $8,428 $12,735
11/24/95 $8,417 $12,768
11/27/95 $8,417 $12,797
11/28/95 $8,325 $12,906
11/29/95 $8,325 $12,931
11/30/95 $8,335 $12,883
12/1/95 $8,325 $12,917
12/4/95 $8,242 $13,060
12/5/95 $8,191 $13,145
12/6/95 $8,180 $13,198
12/7/95 $8,222 $13,113
12/8/95 $8,201 $13,141
12/11/95 $8,180 $13,184
12/12/95 $8,191 $13,168
12/13/95 $8,160 $13,230
12/14/95 $8,201 $13,129
12/15/95 $8,222 $13,116
12/18/95 $8,366 $12,914
12/19/95 $8,283 $13,023
12/20/95 $8,345 $12,895
12/21/95 $8,314 $12,992
12/22/95 $8,283 $13,023
12/26/95 $8,263 $13,073
12/27/95 $8,273 $13,078
12/28/95 $8,294 $13,069
12/29/95 $8,283 $13,108
1/2/96 $8,201 $13,210
1/3/96 $8,180 $13,222
1/4/96 $8,273 $13,145
1/5/96 $8,283 $13,124
1/9/96 $8,428 $12,970
1/10/96 $8,531 $12,736
1/11/96 $8,469 $12,826
1/12/96 $8,469 $12,807
1/15/96 $8,500 $12,765
1/16/96 $8,397 $12,948
1/17/96 $8,428 $12,904
1/18/96 $8,397 $12,944
1/19/96 $8,356 $13,020
1/22/96 $8,366 $13,054
1/23/96 $8,325 $13,041
1/24/96 $8,253 $13,193
1/25/96 $8,294 $13,131
1/26/96 $8,222 $13,229
1/29/96 $8,201 $13,284
1/30/96 $8,129 $13,410
1/31/96 $8,046 $13,535
2/1/96 $8,026 $13,587
2/2/96 $8,046 $13,532
2/5/96 $8,005 $13,650
2/6/96 $7,933 $13,755
2/7/96 $7,892 $13,831
2/8/96 $7,810 $13,962
2/9/96 $7,810 $13,968
2/12/96 $7,748 $14,076
2/13/96 $7,779 $14,056
2/14/96 $7,851 $13,951
2/15/96 $7,902 $13,861
2/16/96 $7,923 $13,790
2/20/96 $8,005 $13,634
2/21/96 $7,902 $13,792
2/22/96 $7,799 $14,021
2/23/96 $7,810 $14,026
2/26/96 $7,943 $13,843
2/27/96 $7,954 $13,774
2/28/96 $8,005 $13,721
2/29/96 $8,077 $13,629
3/1/96 $7,964 $13,713
3/4/96 $7,923 $13,850
3/5/96 $7,840 $13,956
3/6/96 $7,913 $13,875
3/7/96 $7,882 $13,910
3/8/96 $8,149 $13,482
3/11/96 $8,046 $13,620
3/12/96 $8,098 $13,558
3/13/96 $8,067 $13,589
3/14/96 $8,016 $13,638
3/15/96 $8,026 $13,650
3/18/96 $7,871 $13,889
3/19/96 $7,902 $13,869
3/20/96 $7,913 $13,832
3/21/96 $7,933 $13,815
3/22/96 $7,913 $13,846
3/25/96 $7,923 $13,834
3/26/96 $7,892 $13,896
3/27/96 $7,974 $13,810
3/28/96 $7,933 $13,810
3/29/96 $7,985 $13,737
4/1/96 $7,902 $13,912
4/2/96 $7,892 $13,945
4/3/96 $7,892 $13,958
4/4/96 $7,882 $13,957
4/8/96 $8,036 $13,710
4/9/96 $8,057 $13,667
4/10/96 $8,211 $13,482
4/11/96 $8,201 $13,432
4/12/96 $8,119 $13,550
4/15/96 $8,057 $13,673
4/16/96 $8,036 $13,726
4/17/96 $8,067 $13,654
4/18/96 $8,057 $13,697
4/19/96 $8,036 $13,728
4/22/96 $7,974 $13,788
4/23/96 $7,943 $13,866
4/24/96 $7,985 $13,836
4/25/96 $7,943 $13,894
4/26/96 $7,933 $13,906
4/29/96 $7,943 $13,921
4/30/96 $7,954 $13,921
5/1/96 $7,933 $13,930
5/2/96 $8,057 $13,692
5/3/96 $8,088 $13,655
5/6/96 $8,098 $13,637
5/7/96 $8,149 $13,583
5/8/96 $8,046 $13,722
5/9/96 $8,046 $13,736
5/10/96 $7,954 $13,877
5/13/96 $7,851 $14,078
5/14/96 $7,810 $14,165
5/15/96 $7,810 $14,161
5/16/96 $7,810 $14,149
5/17/96 $7,758 $14,235
5/20/96 $7,706 $14,325
5/21/96 $7,717 $14,317
5/22/96 $7,655 $14,438
5/23/96 $7,686 $14,386
5/24/96 $7,665 $14,439
5/28/96 $7,737 $14,306
5/29/96 $7,799 $14,214
5/30/96 $7,748 $14,295
5/31/96 $7,820 $14,240
6/3/96 $7,799 $14,209
6/4/96 $7,748 $14,313
6/5/96 $7,686 $14,438
6/6/96 $7,748 $14,323
6/7/96 $7,748 $14,329
6/10/96 $7,779 $14,304
6/11/96 $7,779 $14,279
6/12/96 $7,799 $14,238
6/13/96 $7,810 $14,214
6/14/96 $7,861 $14,170
6/17/96 $7,851 $14,155
6/18/96 $7,902 $14,089
6/19/96 $7,882 $14,087
6/20/96 $7,902 $14,090
6/21/96 $7,830 $14,191
6/24/96 $7,810 $14,234
6/25/96 $7,820 $14,226
6/26/96 $7,892 $14,139
6/27/96 $7,840 $14,227
6/28/96 $7,779 $14,272
7/1/96 $7,737 $14,383
7/2/96 $7,758 $14,335
7/3/96 $7,789 $14,309
7/5/96 $7,964 $13,991
7/8/96 $8,016 $13,887
7/9/96 $7,985 $13,934
7/10/96 $7,954 $13,962
7/11/96 $8,119 $13,741
7/12/96 $8,119 $13,752
7/15/96 $8,345 $13,403
7/16/96 $8,325 $13,372
7/17/96 $8,253 $13,494
7/18/96 $8,129 $13,696
7/19/96 $8,191 $13,593
7/22/96 $8,253 $13,487
7/23/96 $8,376 $13,340
7/24/96 $8,345 $13,336
7/25/96 $8,283 $13,432
7/26/96 $8,232 $13,533
7/29/96 $8,345 $13,426
7/30/96 $8,253 $13,519
7/31/96 $8,191 $13,619
8/1/96 $8,057 $13,833
8/2/96 $7,902 $14,099
8/5/96 $7,954 $14,050
8/6/96 $7,923 $14,096
8/7/96 $7,902 $14,134
8/8/96 $7,902 $14,101
8/9/96 $7,954 $14,090
8/12/96 $7,892 $14,168
8/13/96 $7,954 $14,050
8/14/96 $7,933 $14,089
8/15/96 $7,933 $14,094
8/16/96 $7,882 $14,156
8/19/96 $7,882 $14,186
8/20/96 $7,892 $14,167
8/21/96 $7,913 $14,153
8/22/96 $7,840 $14,273
8/23/96 $7,882 $14,195
8/26/96 $7,933 $14,128
8/27/96 $7,913 $14,182
8/28/96 $7,923 $14,148
8/29/96 $8,026 $13,990
8/30/96 $8,098 $13,875
9/3/96 $8,046 $13,933
9/4/96 $8,036 $13,952
9/5/96 $8,129 $13,821
9/6/96 $8,016 $13,954
9/9/96 $7,933 $14,126
9/10/96 $7,933 $14,127
9/11/96 $7,913 $14,200
9/12/96 $7,851 $14,282
9/13/96 $7,727 $14,483
9/16/96 $7,706 $14,556
9/17/96 $7,717 $14,534
9/18/96 $7,748 $14,502
9/19/96 $7,717 $14,535
9/20/96 $7,696 $14,621
9/23/96 $7,696 $14,609
9/24/96 $7,696 $14,591
9/25/96 $7,706 $14,595
9/26/96 $7,696 $14,596
9/27/96 $7,706 $14,603
9/30/96 $7,706 $14,627
10/1/96 $7,665 $14,664
10/2/96 $7,624 $14,769
10/3/96 $7,645 $14,743
10/4/96 $7,542 $14,928
10/7/96 $7,531 $14,969
10/8/96 $7,562 $14,910
10/9/96 $7,614 $14,827
10/10/96 $7,634 $14,782
10/11/96 $7,552 $14,911
10/14/96 $7,542 $14,972
10/15/96 $7,552 $14,951
10/16/96 $7,531 $14,991
10/17/96 $7,511 $15,046
10/18/96 $7,459 $15,127
10/21/96 $7,470 $15,106
10/22/96 $7,531 $15,037
10/23/96 $7,511 $15,052
10/24/96 $7,583 $14,946
10/25/96 $7,573 $14,916
10/28/96 $7,624 $14,838
10/29/96 $7,562 $14,929
10/30/96 $7,603 $14,916
10/31/96 $7,531 $15,009
11/1/96 $7,562 $14,977
11/4/96 $7,511 $15,040
11/5/96 $7,470 $15,192
11/6/96 $7,325 $15,420
11/7/96 $7,315 $15,485
11/8/96 $7,284 $15,553
11/11/96 $7,284 $15,575
11/12/96 $7,305 $15,526
11/13/96 $7,284 $15,559
11/14/96 $7,233 $15,660
11/15/96 $7,222 $15,697
11/18/96 $7,222 $15,685
11/19/96 $7,171 $15,794
11/20/96 $7,171 $15,832
11/21/96 $7,181 $15,807
11/22/96 $7,130 $15,934
11/25/96 $7,047 $16,110
11/26/96 $7,078 $16,088
11/27/96 $7,088 $16,067
11/29/96 $7,068 $16,110
12/2/96 $7,068 $16,100
12/3/96 $7,191 $15,924
12/4/96 $7,172 $15,857
12/5/96 $7,192 $15,841
12/6/96 $7,244 $15,740
12/9/96 $7,130 $15,956
12/10/96 $7,172 $15,740
12/11/96 $7,254 $15,764
12/12/96 $7,368 $15,520
12/13/96 $7,358 $15,506
12/16/96 $7,440 $15,343
12/17/96 $7,389 $15,451
12/18/96 $7,337 $15,568
12/19/96 $7,182 $15,871
12/20/96 $7,151 $15,937
12/23/96 $7,182 $15,895
12/24/96 $7,130 $15,983
12/26/96 $7,089 $16,085
12/27/96 $7,089 $16,105
12/30/96 $7,141 $16,043
12/31/96 $7,275 $15,764
1/2/97 $7,275 $15,684
1/3/97 $7,161 $15,919
1/6/97 $7,223 $15,911
1/7/97 $7,130 $16,030
1/8/97 $7,172 $15,927
1/9/97 $7,151 $16,064
1/10/97 $7,079 $16,163
1/13/97 $7,099 $16,163
1/14/97 $7,017 $16,362
1/15/97 $7,037 $16,327
1/16/97 $7,006 $16,381
1/17/97 $6,955 $16,518
1/20/97 $6,955 $16,529
1/21/97 $6,893 $16,657
1/22/97 $6,862 $16,732
1/23/97 $6,955 $16,547
1/24/97 $7,048 $16,398
1/27/97 $7,058 $16,280
1/28/97 $7,037 $16,280
1/29/97 $6,975 $16,440
1/30/97 $6,893 $16,688
1/31/97 $6,903 $16,730
2/3/97 $6,882 $16,742
2/4/97 $6,851 $16,796
2/5/97 $6,965 $16,563
2/6/97 $6,944 $16,602
2/7/97 $6,841 $16,803
2/10/97 $6,903 $16,715
2/11/97 $6,841 $16,803
2/12/97 $6,738 $17,084
2/13/97 $6,686 $17,276
2/14/97 $6,696 $17,205
2/18/97 $6,655 $17,372
2/19/97 $6,686 $17,291
2/20/97 $6,769 $17,084
2/21/97 $6,769 $17,063
2/24/97 $6,696 $17,244
2/25/97 $6,686 $17,281
2/26/97 $6,769 $17,146
2/27/97 $6,872 $16,920
2/28/97 $6,893 $16,830
3/3/97 $6,851 $16,925
3/4/97 $6,872 $16,832
3/5/97 $6,769 $17,067
3/6/97 $6,800 $16,994
3/7/97 $6,748 $17,131
3/10/97 $6,686 $17,315
3/11/97 $6,707 $17,266
3/12/97 $6,779 $17,116
3/13/97 $6,893 $16,803
3/14/97 $6,851 $16,880
3/17/97 $6,841 $16,934
3/18/97 $6,913 $16,805
3/19/97 $6,944 $16,722
3/20/97 $6,975 $16,656
3/21/97 $6,944 $16,687
3/24/97 $6,862 $16,831
3/25/97 $6,913 $16,792
3/26/97 $6,893 $16,823
3/27/97 $7,089 $16,469
3/31/97 $7,254 $16,112
4/1/97 $7,192 $16,166
4/2/97 $7,316 $15,963
4/3/97 $7,296 $15,968
4/4/97 $7,213 $16,129
4/7/97 $7,172 $16,219
4/8/97 $7,120 $16,304
4/9/97 $7,182 $16,186
4/10/97 $7,203 $16,138
4/11/97 $7,440 $15,698
4/14/97 $7,358 $15,827
4/15/97 $7,234 $16,061
4/16/97 $7,151 $16,249
4/17/97 $7,172 $16,211
4/18/97 $7,141 $16,309
4/21/97 $7,192 $16,182
4/22/97 $7,037 $16,485
4/23/97 $7,048 $16,464
4/24/97 $7,079 $16,412
4/25/97 $7,151 $16,288
4/28/97 $7,089 $16,449
4/29/97 $6,872 $16,898
4/30/97 $6,841 $17,053
5/1/97 $6,851 $16,994
5/2/97 $6,727 $17,301
5/5/97 $6,562 $17,670
5/6/97 $6,583 $17,616
5/7/97 $6,717 $17,357
5/8/97 $6,676 $17,456
5/9/97 $6,624 $17,552
5/12/97 $6,531 $17,826
5/13/97 $6,552 $17,730
5/14/97 $6,541 $17,823
5/15/97 $6,500 $17,916
5/16/97 $6,603 $17,658
5/19/97 $6,572 $17,733
5/20/97 $6,500 $17,911
5/21/97 $6,521 $17,862
5/22/97 $6,541 $17,784
5/23/97 $6,479 $18,026
5/27/97 $6,459 $18,083
5/28/97 $6,459 $18,030
5/29/97 $6,500 $17,963
5/30/97 $6,469 $18,052
6/2/97 $6,500 $18,011
6/3/97 $6,521 $17,993
6/4/97 $6,531 $17,878
6/5/97 $6,500 $17,949
6/6/97 $6,376 $18,259
6/9/97 $6,355 $18,364
6/10/97 $6,335 $18,414
6/11/97 $6,314 $18,505
6/12/97 $6,200 $18,801
6/13/97 $6,149 $19,010
6/16/97 $6,138 $19,023
6/17/97 $6,149 $19,034
6/18/97 $6,180 $18,921
6/19/97 $6,118 $19,110
6/20/97 $6,138 $19,125
6/23/97 $6,293 $18,698
6/24/97 $6,128 $19,075
6/25/97 $6,190 $18,919
6/26/97 $6,211 $18,806
6/27/97 $6,190 $18,883
6/30/97 $6,231 $18,837
7/1/97 $6,159 $18,962
7/2/97 $6,066 $19,239
7/3/97 $5,983 $19,513
7/7/97 $6,045 $19,413
7/8/97 $5,983 $19,552
7/9/97 $6,045 $19,313
7/10/97 $6,025 $19,446
7/11/97 $6,004 $19,508
7/14/97 $5,994 $19,544
7/15/97 $5,963 $19,701
7/16/97 $5,890 $19,932
7/17/97 $5,921 $19,826
7/18/97 $6,056 $19,479
7/21/97 $6,056 $19,428
7/22/97 $5,890 $19,876
7/23/97 $5,901 $19,931
7/24/97 $5,870 $20,010
7/25/97 $5,880 $19,979
7/28/97 $5,880 $19,929
7/29/97 $5,859 $20,053
7/30/97 $5,797 $20,266
7/31/97 $5,797 $20,308
8/1/97 $5,828 $20,156
8/4/97 $5,818 $20,223
8/5/97 $5,808 $20,268
8/6/97 $5,766 $20,437
8/7/97 $5,808 $20,242
8/8/97 $5,932 $19,867
8/11/97 $5,901 $19,940
8/12/97 $5,994 $19,718
8/13/97 $6,004 $19,622
8/14/97 $5,994 $19,680
8/15/97 $6,180 $19,170
8/18/97 $6,045 $19,419
8/19/97 $5,963 $19,707
8/20/97 $5,880 $19,990
8/21/97 $5,994 $19,686
8/22/97 $5,994 $19,654
8/25/97 $6,014 $19,582
8/26/97 $6,118 $19,430
8/27/97 $6,076 $19,445
8/28/97 $6,169 $19,231
8/29/97 $6,149 $19,142
9/2/97 $5,942 $19,740
9/3/97 $5,973 $19,746
9/4/97 $5,942 $19,810
9/5/97 $5,952 $19,771
9/8/97 $5,942 $19,817
9/9/97 $5,942 $19,868
9/10/97 $6,066 $19,558
9/11/97 $6,107 $19,421
9/12/97 $6,004 $19,662
9/15/97 $6,025 $19,574
9/16/97 $5,859 $20,124
9/17/97 $5,859 $20,068
9/18/97 $5,849 $20,159
9/19/97 $5,839 $20,228
9/22/97 $5,808 $20,333
9/23/97 $5,828 $20,258
9/24/97 $5,880 $20,100
9/25/97 $5,921 $19,960
9/26/97 $5,890 $20,115
9/29/97 $5,828 $20,288
9/30/97 $5,880 $20,159
10/1/97 $5,828 $20,332
10/2/97 $5,787 $20,440
10/3/97 $5,756 $20,537
10/6/97 $5,715 $20,700
10/7/97 $5,673 $20,922
10/8/97 $5,715 $20,724
10/9/97 $5,735 $20,656
10/10/97 $5,746 $20,578
10/13/97 $5,756 $20,602
10/14/97 $5,746 $20,649
10/15/97 $5,766 $20,552
10/16/97 $5,849 $20,329
10/17/97 $5,921 $20,093
10/20/97 $5,839 $20,336
10/21/97 $5,735 $20,691
10/22/97 $5,766 $20,611
10/23/97 $5,880 $20,232
10/24/97 $5,952 $20,039
10/27/97 $6,386 $18,663
10/28/97 $6,014 $19,605
10/29/97 $6,014 $19,561
10/30/97 $6,159 $19,231
10/31/97 $6,014 $19,464
11/3/97 $5,870 $19,983
11/4/97 $5,890 $20,020
11/5/97 $5,870 $20,063
11/6/97 $5,901 $19,962
11/7/97 $5,963 $19,738
11/10/97 $6,004 $19,603
11/11/97 $5,994 $19,659
11/12/97 $6,118 $19,280
11/13/97 $6,045 $19,508
11/14/97 $5,952 $19,756
11/17/97 $5,849 $20,136
11/18/97 $5,890 $19,967
11/19/97 $5,859 $20,102
11/20/97 $5,766 $20,408
11/21/97 $5,725 $20,496
11/24/97 $5,849 $20,146
11/25/97 $5,839 $20,235
11/26/97 $5,818 $20,252
11/28/97 $5,818 $20,332
12/1/97 $5,673 $20,744
12/2/97 $5,704 $20,678
12/3/97 $5,684 $20,787
12/4/97 $5,694 $20,709
12/5/97 $5,634 $20,936
12/8/97 $5,645 $20,906
12/9/97 $5,676 $20,766
12/10/97 $5,728 $20,638
12/11/97 $5,821 $20,322
12/12/97 $5,821 $20,289
12/15/97 $5,769 $20,502
12/16/97 $5,738 $20,601
12/17/97 $5,769 $20,548
12/18/97 $5,832 $20,330
12/19/97 $5,873 $20,149
12/22/97 $5,842 $20,296
12/23/97 $5,956 $19,986
12/24/97 $5,977 $19,849
12/26/97 $5,946 $19,929
12/29/97 $5,821 $20,289
12/30/97 $5,749 $20,661
12/31/97 $5,749 $20,652
1/2/98 $5,717 $20,749
1/5/98 $5,707 $20,793
1/6/98 $5,800 $20,570
1/7/98 $5,780 $20,515
1/8/98 $5,852 $20,346
1/9/98 $6,049 $19,742
1/12/98 $5,946 $19,987
1/13/98 $5,863 $20,262
1/14/98 $5,842 $20,386
1/15/98 $5,894 $20,233
1/16/98 $5,811 $20,462
1/20/98 $5,707 $20,826
1/21/98 $5,769 $20,659
1/22/98 $5,821 $20,495
1/23/98 $5,832 $20,378
1/26/98 $5,842 $20,365
1/27/98 $5,780 $20,622
1/28/98 $5,728 $20,801
1/29/98 $5,707 $20,972
1/30/98 $5,697 $20,861
2/2/98 $5,603 $21,308
2/3/98 $5,572 $21,409
2/4/98 $5,572 $21,428
2/5/98 $5,572 $21,356
2/6/98 $5,531 $21,546
2/9/98 $5,551 $21,510
2/10/98 $5,499 $21,686
2/11/98 $5,499 $21,707
2/12/98 $5,489 $21,795
2/13/98 $5,510 $21,709
2/17/98 $5,479 $21,765
2/18/98 $5,448 $21,963
2/19/98 $5,468 $21,883
2/20/98 $5,437 $22,009
2/23/98 $5,416 $22,093
2/24/98 $5,458 $21,931
2/25/98 $5,396 $22,194
2/26/98 $5,354 $22,317
2/27/98 $5,365 $22,331
3/2/98 $5,375 $22,296
3/3/98 $5,344 $22,388
3/4/98 $5,385 $22,288
3/5/98 $5,427 $22,027
3/6/98 $5,333 $22,466
3/9/98 $5,354 $22,394
3/10/98 $5,292 $22,648
3/11/98 $5,282 $22,738
3/12/98 $5,261 $22,769
3/13/98 $5,282 $22,741
3/16/98 $5,230 $22,968
3/17/98 $5,209 $22,993
3/18/98 $5,199 $23,101
3/19/98 $5,178 $23,191
3/20/98 $5,136 $23,391
3/23/98 $5,147 $23,315
3/24/98 $5,105 $23,529
3/25/98 $5,126 $23,450
3/26/98 $5,136 $23,426
3/27/98 $5,157 $23,312
3/30/98 $5,167 $23,272
3/31/98 $5,147 $23,446
4/1/98 $5,105 $23,583
4/2/98 $5,053 $23,835
4/3/98 $5,033 $23,892
4/6/98 $5,074 $23,864
4/7/98 $5,105 $23,612
4/8/98 $5,136 $23,444
4/9/98 $5,105 $23,636
4/13/98 $5,116 $23,615
4/14/98 $5,084 $23,744
4/15/98 $5,064 $23,820
4/16/98 $5,126 $23,583
4/17/98 $5,053 $23,893
4/20/98 $5,064 $23,913
4/21/98 $5,033 $23,970
4/22/98 $5,033 $24,048
4/23/98 $5,074 $23,826
4/24/98 $5,136 $23,577
4/27/98 $5,230 $23,123
4/28/98 $5,240 $23,092
4/29/98 $5,219 $23,295
4/30/98 $5,105 $23,660
5/1/98 $5,064 $23,856
5/4/98 $5,074 $23,879
5/5/98 $5,105 $23,742
5/6/98 $5,167 $23,514
5/7/98 $5,209 $23,306
5/8/98 $5,126 $23,582
5/11/98 $5,147 $23,551
5/12/98 $5,095 $23,745
5/13/98 $5,095 $23,811
5/14/98 $5,116 $23,779
5/15/98 $5,147 $23,595
5/18/98 $5,167 $23,533
5/19/98 $5,136 $23,612
5/20/98 $5,095 $23,815
5/21/98 $5,126 $23,721
5/22/98 $5,147 $23,632
5/26/98 $5,240 $23,282
5/27/98 $5,230 $23,244
5/28/98 $5,209 $23,358
5/29/98 $5,250 $23,214
6/1/98 $5,230 $23,217
6/2/98 $5,230 $23,261
6/3/98 $5,313 $23,042
6/4/98 $5,219 $23,299
6/5/98 $5,126 $23,704
6/8/98 $5,126 $23,744
6/9/98 $5,116 $23,801
6/10/98 $5,147 $23,671
6/11/98 $5,250 $23,294
6/12/98 $5,209 $23,385
6/15/98 $5,333 $22,920
6/16/98 $5,271 $23,145
6/17/98 $5,157 $23,560
6/18/98 $5,178 $23,545
6/19/98 $5,209 $23,423
6/22/98 $5,188 $23,478
6/23/98 $5,126 $23,824
6/24/98 $5,053 $24,109
6/25/98 $5,064 $24,032
6/26/98 $5,053 $24,116
6/29/98 $5,033 $24,228
6/30/98 $5,064 $24,129
7/1/98 $5,012 $24,443
7/2/98 $5,001 $24,397
7/6/98 $4,960 $24,629
7/7/98 $4,970 $24,572
7/8/98 $4,929 $24,822
7/9/98 $4,960 $24,655
7/10/98 $4,950 $24,778
7/13/98 $4,939 $24,797
7/14/98 $4,887 $25,060
7/15/98 $4,898 $25,001
7/16/98 $4,867 $25,197
7/17/98 $4,856 $25,255
7/20/98 $4,856 $25,199
7/21/98 $4,950 $24,794
7/22/98 $4,950 $24,773
7/23/98 $5,053 $24,255
7/24/98 $5,053 $24,278
7/27/98 $5,033 $24,415
7/28/98 $5,105 $24,053
7/29/98 $5,136 $23,946
7/30/98 $5,064 $24,321
7/31/98 $5,157 $23,849
8/3/98 $5,188 $23,674
8/4/98 $5,385 $22,816
8/5/98 $5,323 $23,014
8/6/98 $5,302 $23,189
8/7/98 $5,292 $23,185
8/10/98 $5,323 $23,050
8/11/98 $5,406 $22,749
8/12/98 $5,313 $23,073
8/13/98 $5,385 $22,875
8/14/98 $5,448 $22,617
8/17/98 $5,339 $23,062
8/18/98 $5,230 $23,435
8/19/98 $5,250 $23,368
8/20/98 $5,287 $23,230
8/21/98 $5,328 $23,009
8/24/98 $5,297 $23,157
8/25/98 $5,287 $23,257
8/26/98 $5,323 $23,073
8/27/98 $5,577 $22,187
8/28/98 $5,608 $21,861
8/31/98 $6,023 $20,377
9/1/98 $5,743 $21,159
9/2/98 $5,790 $21,079
9/3/98 $5,821 $20,904
9/4/98 $5,883 $20,725
9/8/98 $5,572 $21,780
9/9/98 $5,707 $21,413
9/10/98 $5,899 $20,860
9/11/98 $5,640 $21,474
9/14/98 $5,541 $21,914
9/15/98 $5,510 $22,083
9/16/98 $5,453 $22,249
9/17/98 $5,598 $21,683
9/18/98 $5,593 $21,709
9/21/98 $5,593 $21,790
9/22/98 $5,546 $21,915
9/23/98 $5,344 $22,688
9/24/98 $5,463 $22,190
9/25/98 $5,479 $22,233
9/28/98 $5,422 $22,317
9/29/98 $5,453 $22,324
9/30/98 $5,614 $21,644
10/1/98 $5,785 $20,991
10/2/98 $5,681 $21,336
10/5/98 $5,785 $21,038
10/6/98 $5,785 $20,953
10/7/98 $5,873 $20,657
10/8/98 $5,930 $20,418
10/9/98 $5,800 $20,947
10/12/98 $5,717 $21,232
10/13/98 $5,733 $21,170
10/14/98 $5,686 $21,399
10/15/98 $5,391 $22,292
10/16/98 $5,385 $22,482
10/19/98 $5,370 $22,609
10/20/98 $5,344 $22,642
10/21/98 $5,354 $22,769
10/22/98 $5,282 $22,951
10/23/98 $5,344 $22,785
10/26/98 $5,313 $22,820
10/27/98 $5,344 $22,672
10/28/98 $5,365 $22,730
10/29/98 $5,235 $23,110
10/30/98 $5,193 $23,381
11/2/98 $5,121 $23,656
11/3/98 $5,157 $23,640
11/4/98 $5,110 $23,807
11/5/98 $5,038 $24,126
11/6/98 $5,007 $24,282
11/9/98 $5,053 $24,052
11/10/98 $5,090 $24,011
11/11/98 $5,100 $23,856
11/12/98 $5,110 $23,786
11/13/98 $5,069 $23,957
11/16/98 $5,033 $24,172
11/17/98 $5,027 $24,246
11/18/98 $5,001 $24,356
11/19/98 $4,965 $24,529
11/20/98 $4,924 $24,762
11/23/98 $4,815 $25,286
11/24/98 $4,841 $25,175
11/25/98 $4,846 $25,258
11/27/98 $4,815 $25,373
11/30/98 $4,944 $24,763
12/1/98 $4,892 $25,011
12/2/98 $4,903 $24,926
12/3/98 $4,981 $24,476
12/4/98 $4,867 $25,042
12/7/98 $4,835 $25,276
12/8/98 $4,861 $25,141
12/9/98 $4,851 $25,186
12/10/98 $4,924 $24,793
12/11/98 $4,937 $24,824
12/14/98 $5,051 $24,286
12/15/98 $4,937 $24,746
12/16/98 $4,937 $24,727
12/17/98 $4,864 $25,111
12/18/98 $4,843 $25,283
12/21/98 $4,775 $25,598
12/22/98 $4,765 $25,613
12/23/98 $4,666 $26,145
12/24/98 $4,677 $26,096
12/28/98 $4,697 $26,080
12/29/98 $4,619 $26,427
12/30/98 $4,666 $26,217
12/31/98 $4,656 $26,159
1/4/99 $4,671 $26,135
1/5/99 $4,630 $26,490
1/6/99 $4,531 $27,077
1/7/99 $4,536 $27,021
1/8/99 $4,505 $27,135
1/11/99 $4,552 $26,897
1/12/99 $4,635 $26,378
1/13/99 $4,677 $26,269
1/14/99 $4,755 $25,797
1/15/99 $4,640 $26,458
1/19/99 $4,609 $26,620
1/20/99 $4,567 $26,742
1/21/99 $4,697 $26,286
1/22/99 $4,703 $26,073
1/25/99 $4,661 $26,260
1/26/99 $4,578 $26,651
1/27/99 $4,640 $26,456
1/28/99 $4,578 $26,928
1/29/99 $4,520 $27,232
2/1/99 $4,546 $27,091
2/2/99 $4,578 $26,857
2/3/99 $4,531 $27,071
2/4/99 $4,598 $26,569
2/5/99 $4,656 $26,376
2/8/99 $4,640 $26,469
2/9/99 $4,749 $25,881
2/10/99 $4,723 $26,039
2/11/99 $4,583 $26,687
2/12/99 $4,671 $26,179
2/16/99 $4,656 $26,428
2/17/99 $4,703 $26,049
2/18/99 $4,666 $26,331
2/19/99 $4,650 $26,371
2/22/99 $4,536 $27,073
2/23/99 $4,531 $27,052
2/24/99 $4,609 $26,674
2/25/99 $4,656 $26,495
2/26/99 $4,677 $26,353
3/1/99 $4,666 $26,307
3/2/99 $4,697 $26,080
3/3/99 $4,682 $26,127
3/4/99 $4,624 $26,530
3/5/99 $4,515 $27,143
3/8/99 $4,500 $27,298
3/9/99 $4,510 $27,236
3/10/99 $4,479 $27,385
3/11/99 $4,427 $27,616
3/12/99 $4,474 $27,550
3/15/99 $4,422 $27,820
3/16/99 $4,422 $27,801
3/17/99 $4,448 $27,619
3/18/99 $4,380 $28,018
3/19/99 $4,453 $27,650
3/22/99 $4,448 $27,602
3/23/99 $4,583 $26,860
3/24/99 $4,557 $26,997
3/25/99 $4,468 $27,452
3/26/99 $4,494 $27,299
3/29/99 $4,411 $27,882
3/30/99 $4,442 $27,681
3/31/99 $4,505 $27,375
4/1/99 $4,474 $27,532
4/2/99 $4,474 $27,532
4/5/99 $4,375 $28,115
4/6/99 $4,390 $28,046
4/7/99 $4,359 $28,238
4/8/99 $4,302 $28,601
4/9/99 $4,297 $28,694
4/12/99 $4,260 $28,913
4/13/99 $4,292 $28,726
4/14/99 $4,364 $28,271
4/15/99 $4,375 $28,152
4/16/99 $4,396 $28,070
4/19/99 $4,494 $27,442
4/20/99 $4,442 $27,797
4/21/99 $4,338 $28,434
4/22/99 $4,260 $28,917
4/23/99 $4,271 $28,875
4/26/99 $4,260 $28,943
4/27/99 $4,250 $29,002
4/28/99 $4,286 $28,749
4/29/99 $4,323 $28,577
4/30/99 $4,359 $28,414
5/3/99 $4,286 $28,828
5/4/99 $4,354 $28,346
5/5/99 $4,307 $28,672
5/6/99 $4,349 $28,348
5/7/99 $4,312 $28,623
5/10/99 $4,333 $28,523
5/11/99 $4,286 $28,849
5/12/99 $4,255 $29,027
5/13/99 $4,245 $29,103
5/14/99 $4,338 $28,470
5/17/99 $4,338 $28,506
5/18/99 $4,354 $28,375
5/19/99 $4,318 $28,607
5/20/99 $4,338 $28,492
5/21/99 $4,370 $28,310
5/24/99 $4,448 $27,814
5/25/99 $4,526 $27,333
5/26/99 $4,458 $27,767
5/27/99 $4,541 $27,270
5/28/99 $4,468 $27,705
6/1/99 $4,489 $27,543
6/2/99 $4,494 $27,555
6/3/99 $4,474 $27,656
6/4/99 $4,380 $28,256
6/7/99 $4,359 $28,400
6/8/99 $4,411 $28,034
6/9/99 $4,416 $28,062
6/10/99 $4,468 $27,725
6/11/99 $4,500 $27,530
6/14/99 $4,494 $27,538
6/15/99 $4,468 $27,690
6/16/99 $4,375 $28,313
6/17/99 $4,344 $28,515
6/18/99 $4,338 $28,577
6/21/99 $4,318 $28,708
6/22/99 $4,359 $28,429
6/23/99 $4,380 $28,369
6/24/99 $4,432 $28,001
6/25/99 $4,427 $27,991
6/28/99 $4,375 $28,333
6/29/99 $4,323 $28,760
6/30/99 $4,266 $29,212
7/1/99 $4,224 $29,388
7/2/99 $4,193 $29,607
7/6/99 $4,203 $29,541
7/7/99 $4,188 $29,705
7/8/99 $4,188 $29,675
7/9/99 $4,172 $29,863
7/12/99 $4,177 $29,774
7/13/99 $4,193 $29,657
7/14/99 $4,188 $29,755
7/15/99 $4,151 $29,998
7/16/99 $4,125 $30,193
7/19/99 $4,156 $29,956
7/20/99 $4,250 $29,306
7/21/99 $4,250 $29,353
7/22/99 $4,302 $28,963
7/23/99 $4,318 $28,877
7/26/99 $4,349 $28,682
7/27/99 $4,302 $29,003
7/28/99 $4,292 $29,057
7/29/99 $4,364 $28,539
7/30/99 $4,416 $28,277
8/2/99 $4,416 $28,262
8/3/99 $4,437 $28,137
8/4/99 $4,500 $27,779
8/5/99 $4,468 $27,957
8/6/99 $4,515 $27,672
8/9/99 $4,520 $27,619
8/10/99 $4,578 $27,270
8/11/99 $4,510 $27,707
8/12/99 $4,520 $27,626
8/13/99 $4,422 $28,255
8/16/99 $4,411 $28,320
8/17/99 $4,370 $28,605
8/18/99 $4,406 $28,364
8/19/99 $4,437 $28,167
8/20/99 $4,401 $28,445
8/23/99 $4,318 $28,947
8/24/99 $4,307 $29,017
8/25/99 $4,250 $29,406
8/26/99 $4,307 $28,985
8/27/99 $4,354 $28,693
8/30/99 $4,442 $28,177
8/31/99 $4,453 $28,100
9/1/99 $4,416 $28,327
9/2/99 $4,463 $28,072
9/3/99 $4,323 $28,884
9/7/99 $4,349 $28,739
9/8/99 $4,375 $28,605
9/9/99 $4,364 $28,680
9/10/99 $4,359 $28,765
9/13/99 $4,375 $28,605
9/14/99 $4,406 $28,438
9/15/99 $4,468 $28,048
9/16/99 $4,468 $28,059
9/17/99 $4,411 $28,419
9/20/99 $4,411 $28,422
9/21/99 $4,510 $27,827
9/22/99 $4,500 $27,889
9/23/99 $4,609 $27,256
9/24/99 $4,614 $27,184
9/27/99 $4,598 $27,310
9/28/99 $4,604 $27,287
9/29/99 $4,650 $26,992
9/30/99 $4,604 $27,298
10/1/99 $4,598 $27,300
10/4/99 $4,526 $27,763
10/5/99 $4,531 $27,694
10/6/99 $4,458 $28,206
10/7/99 $4,479 $28,041
10/8/99 $4,422 $28,432
10/11/99 $4,427 $28,415
10/12/99 $4,494 $27,943
10/13/99 $4,604 $27,358
10/14/99 $4,609 $27,313
10/15/99 $4,739 $26,546
10/18/99 $4,713 $26,689
10/19/99 $4,692 $26,842
10/20/99 $4,583 $27,441
10/21/99 $4,604 $27,317
10/22/99 $4,546 $27,701
10/25/99 $4,572 $27,530
10/26/99 $4,619 $27,280
10/27/99 $4,557 $27,595
10/28/99 $4,396 $28,569
10/29/99 $4,333 $29,005
11/1/99 $4,359 $28,817
11/2/99 $4,390 $28,681
11/3/99 $4,370 $28,834
11/4/99 $4,344 $28,999
11/5/99 $4,323 $29,160
11/8/99 $4,297 $29,304
11/9/99 $4,338 $29,055
11/10/99 $4,312 $29,229
11/11/99 $4,292 $29,399
11/12/99 $4,245 $29,710
11/15/99 $4,245 $29,674
11/16/99 $4,167 $30,220
11/17/99 $4,198 $30,021
11/18/99 $4,162 $30,324
11/19/99 $4,172 $30,262
11/22/99 $4,172 $30,239
11/23/99 $4,219 $29,892
11/24/99 $4,188 $30,157
11/26/99 $4,193 $30,147
11/29/99 $4,224 $29,960
11/30/99 $4,281 $29,561
12/1/99 $4,250 $29,745
12/2/99 $4,219 $29,986
12/3/99 $4,146 $30,502
12/6/99 $4,182 $30,290
12/7/99 $4,208 $29,989
12/8/99 $4,240 $29,876
12/9/99 $4,229 $29,966
12/10/99 $4,203 $30,156
12/13/99 $4,182 $30,117
12/14/99 $4,219 $29,861
12/15/99 $4,198 $30,077
12/16/99 $4,177 $30,193
12/17/99 $4,167 $30,242
12/20/99 $4,188 $30,179
12/21/99 $4,141 $30,505
12/22/99 $4,136 $30,562
12/24/99 $4,073 $31,035
12/27/99 $4,078 $31,009
12/28/99 $4,073 $31,021
12/29/99 $4,068 $31,144
12/30/99 $4,068 $31,166
12/31/99 $4,057 $31,267
1/3/00 $4,099 $30,969
1/4/00 $4,255 $29,781
1/5/00 $4,250 $29,838
1/6/00 $4,255 $29,867
1/7/00 $4,115 $30,676
1/10/00 $4,089 $31,019
1/11/00 $4,141 $30,614
1/12/00 $4,162 $30,480
1/13/00 $4,115 $30,851
1/17/00 $4,068 $31,180
1/18/00 $4,099 $30,967
1/19/00 $4,099 $30,983
1/20/00 $4,136 $30,763
1/21/00 $4,146 $30,674
1/24/00 $4,260 $29,834
1/25/00 $4,234 $30,007
1/26/00 $4,250 $29,881
1/27/00 $4,266 $29,763
1/28/00 $4,396 $28,946
1/31/00 $4,292 $29,676
2/1/00 $4,240 $29,991
2/2/00 $4,245 $29,988
2/3/00 $4,193 $30,325
2/4/00 $4,193 $30,312
2/7/00 $4,203 $30,283
2/8/00 $4,146 $30,682
2/9/00 $4,234 $30,043
2/10/00 $4,224 $30,152
2/11/00 $4,307 $29,519
2/14/00 $4,302 $29,579
2/15/00 $4,266 $29,837
2/16/00 $4,318 $29,531
2/17/00 $4,328 $29,544
2/18/00 $4,442 $28,646
2/22/00 $4,437 $28,776
2/23/00 $4,401 $28,957
2/24/00 $4,437 $28,803
2/25/00 $4,489 $28,375
2/28/00 $4,453 $28,688
2/29/00 $4,390 $29,079
3/1/00 $4,354 $29,351
3/2/00 $4,344 $29,405
3/3/00 $4,260 $29,989
3/6/00 $4,318 $29,608
3/7/00 $4,427 $28,849
3/8/00 $4,390 $29,085
3/9/00 $4,286 $29,830
3/10/00 $4,302 $29,689
3/13/00 $4,338 $29,445
3/14/00 $4,411 $28,924
3/15/00 $4,318 $29,626
3/16/00 $4,104 $31,038
3/17/00 $4,094 $31,166
3/20/00 $4,115 $30,999
3/21/00 $4,011 $31,791
3/22/00 $4,005 $31,935
3/23/00 $3,927 $32,504
3/24/00 $3,922 $32,506
3/27/00 $3,942 $32,429
3/28/00 $3,984 $32,086
3/29/00 $3,974 $32,103
3/30/00 $4,042 $31,665
3/31/00 $4,005 $31,891
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-00
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
INVESTOR CLASS ADVISOR CLASS
(1-7-94) (8-5-98)
------------------------------------------------ -------------------------------
ONE FIVE SINCE ONE SINCE
YEAR YEAR INCEPTION YEAR INCEPTION
<S> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
Ursa Fund -10.64% -16.02% -13.58% -11.03% -16.08%
S&P 500-Registered Trademark- Index 16.50% 24.51% 20.45% 16.50% 21.79%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE S&P 500 INDEX IS AN
UNMANAGED STOCK INDEX AND, UNLIKE THE FUND, HAS NO MANAGEMENT FEES OR OTHER
OPERATING EXPENSES TO REDUCE ITS REPORTED RETURN. RETURNS ARE HISTORICAL AND
INCLUDE CHANGES IN PRINCIPAL AND REINVESTED DIVIDENDS AND CAPITAL GAINS. THE
GRAPH IS BASED ON INVESTOR CLASS SHARES ONLY; PERFORMANCE FOR ADVISOR
CLASS SHARES WILL VARY DUE TO DIFFERENCES IN FEE STRUCTURES.
5
<PAGE>
THE OTC FUND
BENCHMARK: NASDAQ 100 INDEX-REGISTERED TRADEMARK-
INCEPTION: FEBRUARY 14, 1994
The technology-laden NASDAQ 100 Index was up 108.79% for the year. Electronics
and telecommunications equipment stocks led the list of individual performers,
underscoring the theme of technology's incredible performance this past year.
Qualcomm, a chip maker and software provider for the wireless industry, set the
pace for this trend, rising more than 800%. The Rydex OTC Fund typically owned
approximately 85 stocks representing 95% of the index capitalization. The Fund
performed in step with the NASDAQ 100 by posting a total return of 105.32% for
the year.
CUMULATIVE FUND PERFORMANCE: FEBRUARY 14, 1994--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX OTC FUND NASDAQ 100 INDEX NASDAQ COMPOSITE INDEX
<S> <C> <C> <C>
2/14/94 $10,000 $10,000 $10,000
2/15/94 $10,040 $10,078 $10,059
2/16/94 $10,010 $10,090 $10,091
2/17/94 $9,910 $10,056 $10,061
2/18/94 $9,930 $10,070 $10,043
2/22/94 $9,960 $10,133 $10,073
2/23/94 $9,940 $10,094 $10,047
2/24/94 $9,840 $9,943 $9,924
2/25/94 $9,830 $10,033 $9,979
2/28/94 $9,950 $10,174 $10,090
3/1/94 $9,840 $10,113 $10,041
3/2/94 $9,790 $10,076 $9,975
3/3/94 $9,800 $10,076 $9,989
3/4/94 $9,890 $10,170 $10,065
3/7/94 $9,970 $10,252 $10,122
3/8/94 $9,890 $10,169 $10,085
3/9/94 $9,930 $10,197 $10,097
3/10/94 $9,840 $10,115 $10,046
3/11/94 $9,900 $10,107 $10,048
3/14/94 $9,930 $10,193 $10,094
3/15/94 $9,940 $10,191 $10,103
3/16/94 $10,020 $10,252 $10,172
3/17/94 $10,050 $10,329 $10,234
3/18/94 $10,000 $10,306 $10,235
3/21/94 $9,970 $10,195 $10,151
3/22/94 $9,950 $10,137 $10,139
3/23/94 $9,990 $10,133 $10,154
3/24/94 $9,810 $9,971 $10,016
3/25/94 $9,740 $9,870 $9,975
3/28/94 $9,650 $9,724 $9,835
3/29/94 $9,430 $9,454 $9,616
3/30/94 $9,330 $9,386 $9,484
3/31/94 $9,370 $9,453 $9,465
4/4/94 $9,130 $9,267 $9,261
4/5/94 $9,460 $9,610 $9,561
4/6/94 $9,400 $9,596 $9,558
4/7/94 $9,520 $9,651 $9,614
4/8/94 $9,370 $9,501 $9,532
4/11/94 $9,400 $9,475 $9,525
4/12/94 $9,220 $9,268 $9,411
4/13/94 $9,050 $9,065 $9,261
4/14/94 $9,040 $9,026 $9,260
4/15/94 $9,060 $9,042 $9,268
4/18/94 $8,960 $8,898 $9,172
4/19/94 $8,890 $8,821 $9,076
4/20/94 $8,800 $8,772 $8,982
4/21/94 $8,990 $9,060 $9,151
4/22/94 $9,000 $9,111 $9,199
4/25/94 $9,160 $9,252 $9,304
4/26/94 $9,170 $9,268 $9,348
4/28/94 $9,080 $9,194 $9,316
4/29/94 $9,170 $9,214 $9,343
5/2/94 $9,300 $9,376 $9,430
5/3/94 $9,210 $9,308 $9,413
5/4/94 $9,230 $9,319 $9,425
5/5/94 $9,250 $9,336 $9,428
5/6/94 $9,160 $9,246 $9,330
5/9/94 $9,060 $9,084 $9,204
5/10/94 $9,080 $9,134 $9,230
5/11/94 $8,940 $9,014 $9,129
5/12/94 $9,000 $9,050 $9,162
5/13/94 $8,970 $9,005 $9,128
5/16/94 $8,890 $8,899 $9,064
5/17/94 $8,950 $8,899 $9,059
5/18/94 $9,120 $9,099 $9,191
5/19/94 $9,170 $9,176 $9,260
5/20/94 $9,130 $9,142 $9,252
5/23/94 $9,110 $9,131 $9,230
5/24/94 $9,260 $9,306 $9,313
5/25/94 $9,230 $9,337 $9,321
5/26/94 $9,200 $9,276 $9,315
5/27/94 $9,210 $9,301 $9,334
5/31/94 $9,260 $9,352 $9,360
6/1/94 $9,270 $9,361 $9,364
6/2/94 $9,310 $9,396 $9,415
6/3/94 $9,350 $9,449 $9,452
6/6/94 $9,310 $9,449 $9,465
6/7/94 $9,250 $9,380 $9,412
6/8/94 $9,100 $9,158 $9,291
6/9/94 $9,120 $9,141 $9,280
6/10/94 $9,240 $9,248 $9,348
6/13/94 $9,150 $9,180 $9,316
6/14/94 $9,260 $9,315 $9,370
6/15/94 $9,220 $9,325 $9,368
6/16/94 $9,240 $9,326 $9,357
6/17/94 $9,060 $9,181 $9,286
6/20/94 $8,980 $9,080 $9,152
6/21/94 $8,860 $8,911 $9,024
6/22/94 $8,910 $8,966 $9,074
6/23/94 $8,720 $8,726 $8,923
6/24/94 $8,660 $8,683 $8,833
6/27/94 $8,850 $8,915 $8,946
6/28/94 $8,860 $8,937 $8,938
6/29/94 $8,840 $8,954 $8,963
6/30/94 $8,760 $8,894 $8,988
7/1/94 $8,750 $8,887 $8,999
7/5/94 $8,680 $8,810 $8,958
7/6/94 $8,590 $8,729 $8,925
7/7/94 $8,730 $8,867 $8,995
7/8/94 $8,740 $8,869 $9,007
7/11/94 $8,700 $8,857 $8,999
7/12/94 $8,780 $8,919 $9,034
7/13/94 $8,970 $9,112 $9,158
7/14/94 $8,910 $9,072 $9,187
7/15/94 $8,870 $9,065 $9,184
7/18/94 $8,940 $9,088 $9,200
7/19/94 $8,820 $9,003 $9,158
7/20/94 $8,700 $8,875 $9,075
7/21/94 $8,760 $8,941 $9,103
7/22/94 $8,830 $9,011 $9,124
7/25/94 $8,850 $9,037 $9,127
7/26/94 $8,800 $8,985 $9,111
7/27/94 $8,740 $8,931 $9,067
7/28/94 $8,760 $8,939 $9,070
7/29/94 $8,960 $9,137 $9,194
8/1/94 $9,030 $9,222 $9,229
8/2/94 $9,000 $9,202 $9,228
8/3/94 $8,960 $9,145 $9,214
8/4/94 $8,870 $9,073 $9,169
8/5/94 $8,870 $9,063 $9,150
8/8/94 $8,920 $9,106 $9,173
8/9/94 $8,940 $9,150 $9,200
8/10/94 $9,030 $9,230 $9,271
8/11/94 $9,020 $9,244 $9,271
8/12/94 $9,110 $9,305 $9,315
8/15/94 $9,090 $9,308 $9,331
8/16/94 $9,180 $9,393 $9,364
8/17/94 $9,340 $9,550 $9,455
8/18/94 $9,290 $9,519 $9,449
8/19/94 $9,250 $9,482 $9,452
8/22/94 $9,220 $9,450 $9,451
8/23/94 $9,330 $9,547 $9,523
8/24/94 $9,380 $9,589 $9,571
8/25/94 $9,440 $9,664 $9,610
8/26/94 $9,640 $9,856 $9,713
8/29/94 $9,610 $9,835 $9,717
8/30/94 $9,710 $9,917 $9,758
8/31/94 $9,580 $9,822 $9,748
9/1/94 $9,450 $9,667 $9,663
9/2/94 $9,420 $9,662 $9,666
9/6/94 $9,500 $9,718 $9,669
9/7/94 $9,590 $9,801 $9,730
9/8/94 $9,670 $9,892 $9,794
9/9/94 $9,510 $9,746 $9,723
9/12/94 $9,460 $9,668 $9,676
9/13/94 $9,600 $9,792 $9,750
9/14/94 $9,620 $9,819 $9,786
9/15/94 $9,830 $10,049 $9,914
9/16/94 $9,730 $9,984 $9,904
9/19/94 $9,740 $9,970 $9,889
9/20/94 $9,560 $9,796 $9,762
9/21/94 $9,490 $9,719 $9,685
9/22/94 $9,480 $9,715 $9,682
9/23/94 $9,390 $9,632 $9,644
9/26/94 $9,360 $9,600 $9,620
9/27/94 $9,380 $9,610 $9,617
9/28/94 $9,430 $9,676 $9,676
9/29/94 $9,410 $9,657 $9,668
9/30/94 $9,470 $9,722 $9,732
10/3/94 $9,450 $9,694 $9,688
10/4/94 $9,170 $9,447 $9,514
10/5/94 $9,310 $9,553 $9,501
10/6/94 $9,240 $9,451 $9,475
10/7/94 $9,360 $9,562 $9,548
10/10/94 $9,470 $9,697 $9,635
10/11/94 $9,660 $9,881 $9,747
10/12/94 $9,630 $9,870 $9,765
10/13/94 $9,630 $9,870 $9,776
10/14/94 $9,610 $9,844 $9,766
10/17/94 $9,550 $9,796 $9,750
10/18/94 $9,570 $9,824 $9,737
10/19/94 $9,730 $9,966 $9,811
10/20/94 $9,700 $9,948 $9,781
10/21/94 $9,680 $9,887 $9,744
10/24/94 $9,630 $9,844 $9,691
10/25/94 $9,640 $9,836 $9,654
10/26/94 $9,790 $9,968 $9,717
10/27/94 $9,830 $10,013 $9,771
10/28/94 $9,970 $10,166 $9,882
10/31/94 $10,000 $10,196 $9,899
11/1/94 $9,900 $10,122 $9,831
11/2/94 $9,880 $10,094 $9,826
11/3/94 $9,860 $10,076 $9,830
11/4/94 $9,680 $9,910 $9,753
11/7/94 $9,650 $9,879 $9,705
11/8/94 $9,850 $10,058 $9,772
11/9/94 $9,870 $10,079 $9,768
11/10/94 $9,820 $10,025 $9,732
11/11/94 $9,780 $9,992 $9,703
11/14/94 $9,990 $10,174 $9,780
11/15/94 $9,960 $10,165 $9,791
11/16/94 $10,000 $10,188 $9,799
11/17/94 $9,950 $10,145 $9,750
11/18/94 $9,970 $10,181 $9,735
11/21/94 $9,870 $10,103 $9,647
11/22/94 $9,600 $9,823 $9,437
11/23/94 $9,610 $9,804 $9,379
11/25/94 $9,720 $9,903 $9,453
11/28/94 $9,760 $9,968 $9,494
11/29/94 $9,890 $10,098 $9,568
11/30/94 $9,770 $9,993 $9,553
12/1/94 $9,600 $9,839 $9,437
12/2/94 $9,710 $9,924 $9,485
12/5/94 $9,730 $9,941 $9,494
12/6/94 $9,650 $9,873 $9,437
12/7/94 $9,530 $9,769 $9,348
12/8/94 $9,330 $9,536 $9,156
12/9/94 $9,410 $9,593 $9,155
12/12/94 $9,390 $9,599 $9,156
12/13/94 $9,340 $9,566 $9,160
12/14/94 $9,450 $9,668 $9,239
12/15/94 $9,470 $9,718 $9,303
12/16/94 $9,440 $9,677 $9,282
12/19/94 $9,400 $9,637 $9,267
12/20/94 $9,390 $9,642 $9,275
12/21/94 $9,600 $9,820 $9,385
12/22/94 $9,650 $9,869 $9,413
12/23/94 $9,670 $9,902 $9,449
12/27/94 $9,731 $9,973 $9,500
12/28/94 $9,609 $9,880 $9,453
12/29/94 $9,782 $10,030 $9,543
12/30/94 $9,721 $9,979 $9,574
1/3/95 $9,568 $9,824 $9,467
1/4/95 $9,609 $9,865 $9,496
1/5/95 $9,568 $9,825 $9,493
1/6/95 $9,650 $9,913 $9,545
1/9/95 $9,701 $9,961 $9,575
1/10/95 $9,813 $10,061 $9,632
1/11/95 $9,792 $10,049 $9,622
1/12/95 $9,792 $10,055 $9,632
1/13/95 $9,874 $10,133 $9,703
1/16/95 $9,945 $10,211 $9,780
1/17/95 $10,017 $10,291 $9,831
1/18/95 $10,058 $10,349 $9,834
1/19/95 $10,037 $10,314 $9,785
1/20/95 $9,823 $10,124 $9,702
1/23/95 $9,905 $10,167 $9,670
1/24/95 $9,925 $10,210 $9,717
1/25/95 $9,864 $10,142 $9,688
1/26/95 $9,741 $10,034 $9,645
1/27/95 $9,762 $10,052 $9,662
1/30/95 $9,609 $9,916 $9,572
1/31/95 $9,721 $10,005 $9,615
2/1/95 $9,741 $10,048 $9,654
2/2/95 $9,843 $10,149 $9,722
2/3/95 $9,966 $10,272 $9,829
2/6/95 $10,078 $10,391 $9,916
2/7/95 $10,068 $10,382 $9,918
2/8/95 $10,211 $10,507 $9,979
2/9/95 $10,221 $10,526 $10,000
2/10/95 $10,333 $10,633 $10,063
2/13/95 $10,282 $10,584 $10,051
2/14/95 $10,302 $10,610 $10,066
2/15/95 $10,374 $10,676 $10,130
2/16/95 $10,323 $10,636 $10,100
2/17/95 $10,190 $10,507 $10,019
2/21/95 $10,180 $10,487 $9,989
2/22/95 $10,292 $10,595 $10,031
2/23/95 $10,333 $10,640 $10,075
2/24/95 $10,262 $10,575 $10,072
2/27/95 $10,160 $10,485 $9,988
2/28/95 $10,374 $10,676 $10,106
3/1/95 $10,272 $10,609 $10,082
3/2/95 $10,323 $10,656 $10,105
3/3/95 $10,466 $10,779 $10,170
3/6/95 $10,466 $10,793 $10,157
3/7/95 $10,333 $10,667 $10,075
3/8/95 $10,466 $10,787 $10,132
3/9/95 $10,476 $10,788 $10,137
3/10/95 $10,598 $10,905 $10,214
3/13/95 $10,557 $10,881 $10,215
3/14/95 $10,670 $11,016 $10,290
3/15/95 $10,619 $10,949 $10,279
3/16/95 $10,649 $10,977 $10,304
3/17/95 $10,639 $10,959 $10,291
3/20/95 $10,700 $11,024 $10,319
3/21/95 $10,710 $11,037 $10,310
3/22/95 $10,710 $11,037 $10,301
3/23/95 $10,761 $11,079 $10,330
3/24/95 $10,619 $11,242 $10,423
3/27/95 $10,965 $11,284 $10,473
3/28/95 $11,057 $11,368 $10,518
3/29/95 $10,833 $11,154 $10,429
3/30/95 $10,751 $11,069 $10,400
3/31/95 $10,721 $11,038 $10,404
4/3/95 $10,751 $11,071 $10,415
4/4/95 $10,568 $10,907 $10,360
4/5/95 $10,649 $10,976 $10,393
4/6/95 $10,517 $10,859 $10,361
4/7/95 $10,629 $10,960 $10,372
4/10/95 $10,761 $11,092 $10,456
4/11/95 $10,853 $11,190 $10,501
4/12/95 $10,945 $11,280 $10,548
4/13/95 $10,996 $11,329 $10,601
4/17/95 $10,955 $11,282 $10,578
4/18/95 $10,863 $11,193 $10,513
4/19/95 $10,710 $11,036 $10,396
4/20/95 $10,751 $11,084 $10,427
4/21/95 $10,802 $11,141 $10,484
4/24/95 $10,925 $11,266 $10,553
4/25/95 $11,006 $11,333 $10,584
4/26/95 $11,108 $11,430 $10,655
4/27/95 $11,169 $11,487 $10,707
4/28/95 $11,261 $11,591 $10,745
5/1/95 $11,159 $11,504 $10,715
5/2/95 $11,149 $11,488 $10,717
5/3/95 $11,394 $11,723 $10,825
5/4/95 $11,373 $11,703 $10,780
5/5/95 $11,282 $11,609 $10,740
5/8/95 $11,465 $11,769 $10,813
5/9/95 $11,435 $11,750 $10,799
5/10/95 $11,353 $11,673 $10,792
5/11/95 $11,526 $11,838 $10,871
5/12/95 $11,618 $11,927 $10,936
5/15/95 $11,679 $12,005 $10,988
5/16/95 $11,792 $12,121 $11,054
5/17/95 $11,894 $12,211 $11,101
5/18/95 $11,720 $12,047 $11,001
5/19/95 $11,761 $12,083 $11,004
5/22/95 $11,914 $12,221 $11,091
5/23/95 $12,118 $12,419 $11,199
5/24/95 $12,057 $12,355 $11,178
5/25/95 $12,077 $12,383 $11,170
5/26/95 $11,924 $12,245 $11,100
5/30/95 $11,557 $11,900 $10,933
5/31/95 $11,720 $12,049 $11,007
6/1/95 $11,802 $12,119 $11,061
6/2/95 $11,853 $12,161 $11,114
6/5/95 $12,057 $12,362 $11,240
6/6/95 $11,904 $12,222 $11,196
6/7/95 $11,965 $12,272 $11,224
6/8/95 $12,057 $12,364 $11,282
6/9/95 $12,036 $12,352 $11,260
6/12/95 $12,067 $12,384 $11,305
6/13/95 $12,159 $12,474 $11,385
6/14/95 $12,190 $12,493 $11,404
6/15/95 $12,332 $12,638 $11,493
6/16/95 $12,475 $12,776 $11,568
6/19/95 $12,812 $13,096 $11,740
6/20/95 $13,046 $13,319 $11,838
6/21/95 $12,935 $13,219 $11,830
6/22/95 $13,213 $13,479 $11,969
6/23/95 $13,181 $13,445 $11,954
6/26/95 $12,989 $13,243 $11,802
6/27/95 $12,764 $13,030 $11,707
6/28/95 $12,850 $13,099 $11,720
6/29/95 $12,999 $13,236 $11,800
6/30/95 $13,042 $13,281 $11,884
7/3/95 $13,074 $13,304 $11,898
7/5/95 $13,181 $13,413 $11,991
7/6/95 $13,448 $13,672 $12,132
7/7/95 $13,790 $14,010 $12,346
7/10/95 $13,939 $14,158 $12,434
7/11/95 $13,694 $13,922 $12,352
7/12/95 $14,099 $14,310 $12,587
7/13/95 $14,185 $14,397 $12,657
7/14/95 $14,367 $14,560 $12,723
7/17/95 $14,559 $14,735 $12,807
7/18/95 $14,089 $14,279 $12,586
7/19/95 $13,309 $13,503 $12,131
7/20/95 $13,362 $13,585 $12,230
7/21/95 $13,288 $13,522 $12,245
7/24/95 $13,662 $13,889 $12,459
7/25/95 $13,929 $14,137 $12,652
7/26/95 $14,046 $14,239 $12,734
7/27/95 $14,217 $14,422 $12,867
7/28/95 $13,950 $14,173 $12,799
7/31/95 $13,822 $14,043 $12,747
8/1/95 $13,565 $13,804 $12,618
8/2/95 $13,373 $13,615 $12,525
8/3/95 $13,416 $13,652 $12,511
8/4/95 $13,608 $13,838 $12,618
8/7/95 $13,683 $13,914 $12,671
8/8/95 $13,736 $13,964 $12,695
8/9/95 $13,982 $14,206 $12,796
8/10/95 $13,843 $14,064 $12,739
8/11/95 $14,003 $14,209 $12,784
8/14/95 $14,217 $14,434 $12,890
8/15/95 $14,206 $14,417 $12,889
8/16/95 $14,516 $14,723 $13,059
8/17/95 $14,505 $14,719 $13,104
8/18/95 $14,473 $14,700 $13,130
8/21/95 $14,057 $14,290 $12,982
8/22/95 $14,345 $14,545 $13,054
8/23/95 $14,388 $14,597 $13,090
8/24/95 $14,174 $14,395 $12,998
8/25/95 $14,089 $14,320 $12,986
8/28/95 $13,736 $13,973 $12,835
8/29/95 $13,768 $13,992 $12,778
8/30/95 $13,918 $14,140 $12,892
8/31/95 $14,014 $14,237 $12,988
9/1/95 $13,907 $14,149 $12,979
9/5/95 $14,473 $14,696 $13,232
9/6/95 $14,441 $14,666 $13,295
9/7/95 $14,569 $14,790 $13,382
9/8/95 $14,698 $14,916 $13,496
9/11/95 $14,847 $15,051 $13,579
9/12/95 $14,751 $14,959 $13,559
9/13/95 $14,794 $15,001 $13,590
9/14/95 $14,687 $14,912 $13,584
9/15/95 $14,292 $14,540 $13,382
9/18/95 $14,367 $14,592 $13,370
9/19/95 $14,612 $14,836 $13,499
9/20/95 $14,655 $14,890 $13,560
9/21/95 $14,431 $14,684 $13,476
9/22/95 $14,388 $14,629 $13,411
9/25/95 $14,281 $14,513 $13,319
9/26/95 $14,099 $14,336 $13,216
9/27/95 $13,993 $14,224 $13,069
9/28/95 $13,939 $14,698 $13,331
9/29/95 $14,206 $14,442 $13,286
10/2/95 $13,934 $14,166 $13,083
10/3/95 $13,945 $14,148 $12,992
10/4/95 $13,923 $13,798 $12,760
10/5/95 $13,934 $14,138 $12,912
10/6/95 $13,804 $14,007 $12,885
10/9/95 $13,281 $13,501 $12,537
10/10/95 $13,390 $13,595 $12,521
10/11/95 $13,727 $13,930 $12,752
10/12/95 $13,934 $14,147 $12,931
10/13/95 $13,847 $14,070 $12,965
10/16/95 $13,804 $14,032 $12,962
10/17/95 $14,337 $14,550 $13,183
10/18/95 $14,544 $14,761 $13,306
10/19/95 $14,653 $14,842 $13,330
10/20/95 $14,413 $14,610 $13,235
10/23/95 $14,457 $14,645 $13,202
10/24/95 $14,478 $14,668 $13,231
10/25/95 $14,239 $14,424 $13,069
10/26/95 $14,217 $14,378 $12,956
10/27/95 $14,511 $14,651 $13,057
10/30/95 $14,859 $14,986 $13,237
10/31/95 $14,631 $14,781 $13,191
11/1/95 $14,685 $14,833 $13,247
11/2/95 $15,023 $15,173 $13,461
11/3/95 $15,197 $15,347 $13,568
11/6/95 $15,034 $15,199 $13,523
11/7/95 $14,533 $14,718 $13,290
11/8/95 $14,620 $14,779 $13,342
11/9/95 $15,077 $15,229 $13,567
11/10/95 $15,001 $15,147 $13,545
11/13/95 $14,816 $15,016 $13,476
11/14/95 $14,413 $14,605 $13,249
11/15/95 $14,468 $14,650 $13,264
11/16/95 $14,402 $14,606 $13,298
11/17/95 $14,315 $14,535 $13,305
11/20/95 $13,880 $14,111 $13,107
11/21/95 $13,978 $14,174 $13,050
11/22/95 $13,847 $14,047 $13,002
11/24/95 $14,097 $14,276 $13,116
11/27/95 $13,978 $14,167 $13,105
11/28/95 $14,587 $14,761 $13,369
11/29/95 $14,609 $14,800 $13,465
11/30/95 $14,446 $14,656 $13,486
12/1/95 $14,272 $14,490 $13,436
12/4/95 $14,566 $14,761 $13,620
12/5/95 $14,402 $14,594 $13,570
12/6/95 $14,391 $14,563 $13,517
12/7/95 $14,337 $14,493 $13,408
12/8/95 $14,664 $14,795 $13,526
12/11/95 $14,587 $14,715 $13,514
12/12/95 $14,315 $14,442 $13,394
12/13/95 $14,359 $14,503 $13,451
12/14/95 $13,836 $13,979 $13,218
12/15/95 $13,727 $13,904 $13,119
12/18/95 $13,738 $13,528 $12,764
12/19/95 $13,706 $14,194 $13,068
12/20/95 $13,771 $13,951 $13,053
12/21/95 $14,163 $14,336 $13,249
12/22/95 $14,293 $14,445 $13,329
12/26/95 $14,293 $14,443 $13,360
12/27/95 $14,163 $14,326 $13,344
12/28/95 $13,934 $14,119 $13,269
12/29/95 $14,021 $14,224 $13,395
1/2/96 $14,283 $14,464 $13,478
1/3/96 $13,923 $14,127 $13,321
1/4/96 $13,738 $13,909 $13,111
1/5/96 $13,738 $13,950 $13,158
1/8/96 $13,738 $13,901 $13,144
1/9/96 $12,987 $13,192 $12,717
1/10/96 $13,020 $13,213 $12,607
1/11/96 $13,531 $13,705 $12,873
1/12/96 $13,455 $13,643 $12,836
1/15/96 $12,998 $13,192 $12,586
1/16/96 $13,314 $13,479 $12,679
1/17/96 $13,259 $13,466 $12,710
1/18/96 $13,477 $13,683 $12,824
1/19/96 $13,749 $13,938 $12,966
1/22/96 $13,902 $14,101 $13,106
1/23/96 $13,814 $14,005 $13,088
1/24/96 $14,174 $14,370 $13,285
1/25/96 $13,923 $14,126 $13,189
1/26/96 $14,054 $14,244 $13,253
1/29/96 $14,032 $14,224 $13,273
1/30/96 $14,228 $14,416 $13,385
1/31/96 $14,424 $14,609 $13,493
2/1/96 $14,674 $14,857 $13,616
2/2/96 $14,664 $14,846 $13,650
2/5/96 $15,012 $15,193 $13,793
2/6/96 $15,099 $15,285 $13,866
2/7/96 $14,979 $15,183 $13,812
2/8/96 $15,208 $15,398 $13,918
2/9/96 $15,175 $15,379 $13,936
2/12/96 $15,230 $15,435 $13,946
2/13/96 $15,066 $15,268 $13,842
2/14/96 $15,045 $15,245 $13,852
2/15/96 $15,110 $15,310 $13,884
2/16/96 $15,066 $15,281 $13,886
2/20/96 $15,023 $15,226 $13,791
2/21/96 $15,284 $15,484 $13,965
2/22/96 $15,676 $15,882 $14,223
2/23/96 $15,665 $15,862 $14,231
2/26/96 $15,545 $15,747 $14,171
2/27/96 $15,371 $15,578 $14,083
2/28/96 $15,382 $15,587 $14,101
2/29/96 $15,186 $15,374 $14,005
3/1/96 $14,718 $14,928 $13,827
3/4/96 $14,620 $14,848 $13,812
3/5/96 $14,979 $15,203 $13,964
3/6/96 $14,762 $15,004 $13,901
3/7/96 $14,805 $15,047 $13,917
3/8/96 $14,370 $14,606 $13,543
3/11/96 $14,718 $14,946 $13,757
3/12/96 $14,555 $14,787 $13,662
3/13/96 $14,947 $15,175 $13,860
3/14/96 $14,827 $15,071 $13,891
3/15/96 $15,099 $15,347 $13,999
3/18/96 $15,371 $15,632 $14,188
3/19/96 $15,295 $15,536 $14,164
3/20/96 $14,936 $15,187 $14,028
3/21/96 $14,838 $15,095 $14,002
3/22/96 $14,870 $15,129 $14,033
3/25/96 $14,500 $14,757 $13,840
3/26/96 $14,609 $14,862 $13,856
3/27/96 $14,772 $15,010 $13,927
3/28/96 $14,772 $15,010 $13,939
3/29/96 $14,805 $15,050 $14,022
4/1/96 $14,881 $15,131 $14,088
4/2/96 $14,947 $15,201 $14,149
4/3/96 $15,012 $15,269 $14,207
4/4/96 $14,979 $15,255 $14,237
4/8/96 $14,794 $15,073 $14,077
4/9/96 $14,783 $15,084 $14,121
4/10/96 $14,740 $15,036 $14,072
4/11/96 $14,631 $14,911 $13,968
4/12/96 $14,653 $14,935 $14,017
4/15/96 $14,805 $15,084 $14,138
4/16/96 $15,186 $15,451 $14,322
4/17/96 $15,055 $15,322 $14,270
4/18/96 $15,371 $15,636 $14,467
4/19/96 $15,360 $15,626 $14,497
4/22/96 $15,654 $15,904 $14,686
4/23/96 $15,905 $16,156 $14,855
4/24/96 $16,144 $16,391 $14,983
4/25/96 $16,188 $16,457 $15,076
4/26/96 $16,198 $16,456 $15,111
4/29/96 $16,198 $16,465 $15,128
4/30/96 $16,198 $16,458 $15,158
5/1/96 $16,351 $16,622 $15,274
5/2/96 $15,926 $16,211 $15,001
5/3/96 $16,046 $16,318 $15,082
5/6/96 $16,100 $16,364 $15,103
5/7/96 $16,046 $16,312 $15,057
5/8/96 $16,111 $16,379 $15,065
5/9/96 $16,079 $16,355 $15,123
5/10/96 $16,329 $16,601 $15,313
5/13/96 $16,732 $16,996 $15,556
5/14/96 $16,895 $17,166 $15,717
5/15/96 $16,743 $17,036 $15,705
5/16/96 $16,852 $17,162 $15,778
5/17/96 $16,732 $17,052 $15,811
5/20/96 $16,797 $17,113 $15,891
5/21/96 $16,667 $16,980 $15,843
5/22/96 $16,688 $16,994 $15,881
5/23/96 $16,786 $17,084 $15,897
5/24/96 $16,699 $17,006 $15,887
5/28/96 $16,612 $16,911 $15,740
5/29/96 $16,416 $16,714 $15,604
5/30/96 $16,590 $16,885 $15,704
5/31/96 $16,808 $17,091 $15,831
6/3/96 $16,721 $17,014 $15,771
6/4/96 $16,808 $17,096 $15,834
6/5/96 $16,982 $17,263 $15,903
6/6/96 $16,688 $16,959 $15,692
6/7/96 $16,808 $17,068 $15,657
6/10/96 $16,743 $17,004 $15,660
6/11/96 $16,797 $17,056 $15,669
6/12/96 $16,960 $17,209 $15,729
6/13/96 $16,841 $17,078 $15,604
6/14/96 $16,569 $16,813 $15,446
6/17/96 $16,492 $16,747 $15,375
6/18/96 $16,188 $16,442 $15,062
6/19/96 $16,242 $16,482 $15,014
6/20/96 $16,166 $16,402 $14,862
6/21/96 $16,384 $16,601 $14,964
6/24/96 $16,514 $16,716 $15,060
6/25/96 $16,286 $16,490 $14,929
6/26/96 $16,079 $16,284 $14,683
6/27/96 $16,384 $16,567 $14,845
6/28/96 $16,514 $16,719 $15,087
7/1/96 $16,754 $16,960 $15,245
7/2/96 $16,579 $16,790 $15,165
7/3/96 $16,427 $16,634 $15,044
7/5/96 $15,458 $16,235 $14,748
7/8/96 $15,992 $16,193 $14,626
7/9/96 $16,111 $16,311 $14,687
7/10/96 $16,057 $16,229 $14,529
7/11/96 $15,513 $15,694 $14,086
7/12/96 $15,491 $15,676 $14,049
7/15/96 $14,794 $14,981 $13,500
7/16/96 $14,990 $15,163 $13,413
7/17/96 $15,393 $15,583 $13,835
7/18/96 $15,698 $15,890 $14,130
7/19/96 $15,458 $15,627 $13,975
7/22/96 $15,230 $15,404 $13,768
7/23/96 $14,587 $14,770 $13,356
7/24/96 $14,762 $14,935 $13,271
7/25/96 $15,132 $15,314 $13,526
7/26/96 $15,447 $15,635 $13,743
7/29/96 $15,143 $15,317 $13,577
7/30/96 $15,393 $15,559 $13,648
7/31/96 $15,534 $15,700 $13,758
8/1/96 $15,905 $16,071 $13,990
8/2/96 $16,307 $16,485 $14,322
8/5/96 $16,144 $16,317 $14,266
8/6/96 $16,427 $16,580 $14,372
8/7/96 $16,688 $16,844 $14,528
8/8/96 $16,569 $16,724 $14,482
8/9/96 $16,601 $16,744 $14,479
8/12/96 $16,623 $16,771 $14,492
8/13/96 $16,351 $16,517 $14,337
8/14/96 $16,558 $16,716 $14,431
8/15/96 $16,547 $16,714 $14,446
8/16/96 $16,427 $16,595 $14,433
8/19/96 $16,384 $16,545 $14,398
8/20/96 $16,198 $16,363 $14,319
8/21/96 $16,307 $16,475 $14,347
8/22/96 $16,667 $16,826 $14,564
8/23/96 $16,558 $16,726 $14,553
8/26/96 $16,438 $16,611 $14,504
8/27/96 $16,590 $16,762 $14,629
8/28/96 $16,590 $16,777 $14,691
8/29/96 $16,373 $16,566 $14,578
8/30/96 $16,188 $16,380 $14,533
9/3/96 $16,340 $16,521 $14,543
9/4/96 $16,329 $16,519 $14,563
9/5/96 $15,915 $16,102 $14,331
9/6/96 $16,198 $16,396 $14,506
9/9/96 $16,394 $16,588 $14,625
9/10/96 $16,394 $16,579 $14,634
9/11/96 $16,481 $16,665 $14,692
9/12/96 $16,743 $16,925 $14,843
9/13/96 $17,309 $17,473 $15,134
9/16/96 $17,320 $17,507 $15,201
9/17/96 $17,646 $17,835 $15,320
9/18/96 $17,799 $17,961 $15,351
9/19/96 $18,027 $18,187 $15,432
9/20/96 $18,191 $18,351 $15,529
9/23/96 $17,940 $18,104 $15,424
9/24/96 $18,016 $18,182 $15,472
9/25/96 $18,245 $18,408 $15,592
9/26/96 $18,212 $18,380 $15,634
9/27/96 $18,201 $18,383 $15,660
9/30/96 $18,027 $18,207 $15,620
10/1/96 $17,962 $18,131 $15,552
10/2/96 $18,289 $18,453 $15,738
10/3/96 $18,180 $18,348 $15,699
10/4/96 $18,572 $18,739 $15,883
10/7/96 $18,724 $18,883 $15,926
10/8/96 $18,419 $18,593 $15,789
10/9/96 $18,430 $18,611 $15,761
10/10/96 $18,376 $18,549 $15,749
10/11/96 $18,735 $18,900 $15,892
10/14/96 $18,887 $19,056 $15,995
10/15/96 $18,974 $19,133 $16,018
10/16/96 $18,789 $18,949 $15,927
10/17/96 $18,506 $18,656 $15,812
10/18/96 $18,528 $18,682 $15,819
10/21/96 $18,256 $18,422 $15,741
10/22/96 $18,027 $18,184 $15,533
10/23/96 $18,365 $18,506 $15,633
10/24/96 $18,332 $18,474 $15,622
10/25/96 $18,223 $18,354 $15,566
10/28/96 $18,191 $18,307 $15,480
10/29/96 $17,940 $18,050 $15,317
10/30/96 $18,071 $18,177 $15,357
10/31/96 $18,463 $18,563 $15,552
11/1/96 $18,539 $18,650 $15,555
11/4/96 $18,572 $18,667 $15,539
11/5/96 $18,898 $19,004 $15,648
11/6/96 $19,312 $19,424 $15,857
11/7/96 $19,519 $19,635 $15,967
11/8/96 $19,595 $19,715 $16,010
11/11/96 $19,747 $19,864 $16,076
11/12/96 $19,475 $19,602 $15,998
11/13/96 $19,595 $19,716 $16,051
11/14/96 $19,856 $19,988 $16,174
11/15/96 $19,606 $19,734 $16,065
11/18/96 $19,453 $19,582 $15,973
11/19/96 $19,769 $19,890 $16,075
11/20/96 $19,834 $19,955 $16,105
11/21/96 $19,638 $19,759 $16,017
11/22/96 $20,085 $20,205 $16,225
11/25/96 $20,139 $20,272 $16,301
11/26/96 $20,248 $20,377 $16,312
11/27/96 $20,411 $20,547 $16,390
11/29/96 $20,455 $20,587 $16,457
12/2/96 $20,705 $20,849 $16,549
12/3/96 $20,520 $20,684 $16,556
12/4/96 $20,453 $20,603 $16,513
12/5/96 $20,453 $20,631 $16,553
12/6/96 $20,256 $20,419 $16,394
12/9/96 $20,999 $21,146 $16,758
12/10/96 $20,802 $20,956 $16,711
12/11/96 $21,010 $21,139 $16,667
12/12/96 $20,704 $20,818 $16,530
12/13/96 $20,311 $20,450 $16,359
12/16/96 $19,722 $19,862 $16,054
12/17/96 $20,005 $20,137 $16,122
12/18/96 $20,518 $20,650 $16,365
12/19/96 $20,704 $20,827 $16,498
12/20/96 $20,453 $20,588 $16,405
12/23/96 $20,213 $20,360 $16,290
12/24/96 $20,486 $20,622 $16,394
12/26/96 $20,682 $20,809 $16,482
12/27/96 $20,486 $20,616 $16,441
12/30/96 $20,235 $20,402 $16,395
12/31/96 $20,115 $20,275 $16,437
1/2/97 $19,984 $20,133 $16,305
1/3/97 $20,813 $20,935 $16,687
1/6/97 $20,933 $21,062 $16,760
1/7/97 $21,206 $21,341 $16,904
1/8/97 $20,922 $21,058 $16,810
1/9/97 $20,988 $21,154 $16,885
1/10/97 $21,217 $21,367 $16,959
1/13/97 $21,195 $21,337 $16,945
1/14/97 $21,621 $21,757 $17,141
1/15/97 $21,184 $21,328 $16,978
1/16/97 $21,435 $21,565 $17,068
1/17/97 $21,686 $21,807 $17,175
1/20/97 $22,112 $22,210 $17,369
1/21/97 $22,439 $22,555 $17,531
1/22/97 $22,734 $22,846 $17,672
1/23/97 $22,407 $22,531 $17,549
1/24/97 $22,046 $22,176 $17,364
1/27/97 $21,839 $21,965 $17,223
1/28/97 $21,861 $21,989 $17,243
1/29/97 $21,915 $22,030 $17,253
1/30/97 $22,407 $22,505 $17,455
1/31/97 $22,658 $22,748 $17,568
2/3/97 $22,581 $22,661 $17,519
2/4/97 $22,527 $22,619 $17,490
2/5/97 $21,806 $21,905 $17,168
2/6/97 $21,774 $21,859 $17,142
2/7/97 $22,112 $22,212 $17,286
2/10/97 $21,381 $21,526 $17,001
2/11/97 $21,402 $21,518 $16,952
2/12/97 $22,112 $22,229 $17,302
2/13/97 $22,265 $22,407 $17,453
2/14/97 $22,068 $22,214 $17,406
2/18/97 $22,014 $22,155 $17,389
2/19/97 $22,025 $22,158 $17,386
2/20/97 $21,588 $21,729 $17,155
2/21/97 $21,206 $21,335 $16,988
2/24/97 $21,599 $21,729 $17,125
2/25/97 $21,621 $21,773 $17,158
2/26/97 $21,599 $21,741 $17,067
2/27/97 $20,791 $20,945 $16,712
2/28/97 $20,857 $20,993 $16,666
3/3/97 $20,988 $21,132 $16,693
3/4/97 $21,130 $21,279 $16,772
3/5/97 $21,413 $21,527 $16,921
3/6/97 $20,879 $21,019 $16,747
3/7/97 $20,617 $20,761 $16,701
3/10/97 $20,988 $21,101 $16,840
3/11/97 $20,813 $20,945 $16,764
3/12/97 $20,573 $20,718 $16,604
3/13/97 $20,628 $20,747 $16,465
3/14/97 $20,584 $20,710 $16,462
3/17/97 $20,420 $20,544 $16,289
3/18/97 $20,311 $20,428 $16,161
3/19/97 $19,918 $20,039 $15,905
3/20/97 $20,158 $20,284 $16,032
3/21/97 $19,918 $20,062 $15,966
3/24/97 $19,667 $19,806 $15,821
3/25/97 $19,787 $19,925 $15,890
3/26/97 $20,486 $20,596 $16,157
3/27/97 $20,104 $20,210 $15,908
3/31/97 $19,569 $19,675 $15,554
4/1/97 $19,569 $19,668 $15,493
4/2/97 $19,241 $19,351 $15,291
4/3/97 $19,787 $19,863 $15,453
4/4/97 $20,213 $20,301 $15,746
4/7/97 $20,464 $20,545 $15,932
4/8/97 $20,682 $20,744 $16,008
4/9/97 $20,377 $20,457 $15,907
4/10/97 $20,016 $20,080 $15,733
4/11/97 $19,416 $19,500 $15,366
4/14/97 $19,831 $19,915 $15,487
4/15/97 $19,613 $19,698 $15,442
4/16/97 $19,623 $19,714 $15,409
4/17/97 $19,885 $19,951 $15,495
4/18/97 $20,115 $20,153 $15,565
4/21/97 $19,809 $19,809 $15,328
4/22/97 $20,202 $20,194 $15,440
4/23/97 $20,715 $20,685 $15,623
4/24/97 $20,704 $20,680 $15,636
4/25/97 $20,246 $20,206 $15,396
4/28/97 $20,507 $20,473 $15,495
4/29/97 $21,184 $21,136 $15,821
4/30/97 $21,632 $21,593 $16,051
5/1/97 $21,817 $21,775 $16,175
5/2/97 $22,516 $22,450 $16,619
5/5/97 $23,072 $23,025 $17,051
5/6/97 $22,614 $22,584 $16,911
5/7/97 $22,472 $22,446 $16,843
5/8/97 $22,734 $22,694 $16,944
5/9/97 $22,734 $22,689 $16,997
5/12/97 $22,854 $22,824 $17,114
5/13/97 $22,537 $22,477 $16,979
5/14/97 $22,527 $22,461 $17,004
5/15/97 $23,072 $23,001 $17,233
5/16/97 $22,647 $22,594 $17,070
5/19/97 $22,636 $22,551 $17,076
5/20/97 $23,345 $23,256 $17,364
5/21/97 $23,563 $23,464 $17,490
5/22/97 $23,454 $23,354 $17,475
5/23/97 $23,782 $23,675 $17,693
5/27/97 $24,426 $24,305 $17,941
5/28/97 $24,382 $24,255 $17,954
5/29/97 $24,087 $23,957 $17,863
5/30/97 $23,771 $23,669 $17,828
6/2/97 $23,760 $23,665 $17,885
6/3/97 $23,018 $22,952 $17,632
6/4/97 $22,821 $22,758 $17,565
6/5/97 $23,040 $22,972 $17,698
6/6/97 $23,422 $23,327 $17,886
6/9/97 $23,662 $23,563 $17,977
6/10/97 $23,312 $23,232 $17,846
6/11/97 $23,520 $23,426 $17,924
6/12/97 $23,531 $23,450 $17,968
6/13/97 $23,902 $23,806 $18,117
6/16/97 $24,175 $24,089 $18,231
6/17/97 $24,524 $24,422 $18,373
6/18/97 $24,055 $23,982 $18,237
6/19/97 $24,295 $24,239 $18,424
6/20/97 $24,284 $24,226 $18,424
6/23/97 $23,989 $23,921 $18,261
6/24/97 $24,447 $24,349 $18,492
6/25/97 $24,262 $24,172 $18,413
6/26/97 $23,967 $23,878 $18,287
6/27/97 $23,847 $23,772 $18,310
6/30/97 $23,694 $23,631 $18,360
7/1/97 $23,585 $23,535 $18,311
7/2/97 $24,164 $24,090 $18,532
7/3/97 $24,426 $24,352 $18,685
7/7/97 $24,546 $24,463 $18,725
7/8/97 $24,906 $24,828 $18,908
7/9/97 $25,015 $24,935 $18,927
7/10/97 $25,015 $24,932 $18,982
7/11/97 $25,157 $25,070 $19,131
7/14/97 $25,834 $25,718 $19,401
7/15/97 $26,270 $26,141 $19,633
7/16/97 $27,438 $27,238 $20,124
7/17/97 $27,231 $27,028 $19,974
7/18/97 $26,608 $26,437 $19,708
7/21/97 $26,303 $26,127 $19,559
7/22/97 $27,132 $26,929 $19,910
7/23/97 $27,143 $26,957 $19,959
7/24/97 $27,045 $26,855 $19,977
7/25/97 $26,980 $26,792 $19,983
7/28/97 $26,718 $26,540 $19,906
7/29/97 $27,045 $26,855 $20,018
7/30/97 $27,372 $27,177 $20,218
7/31/97 $27,536 $27,327 $20,292
8/1/97 $27,569 $27,374 $20,298
8/4/97 $27,951 $27,748 $20,440
8/5/97 $28,267 $28,052 $20,645
8/6/97 $28,387 $28,185 $20,758
8/7/97 $28,246 $28,032 $20,678
8/8/97 $27,733 $27,524 $20,352
8/11/97 $27,383 $27,182 $20,202
8/12/97 $27,110 $26,926 $20,068
8/13/97 $27,329 $27,131 $20,159
8/14/97 $27,449 $27,241 $20,201
8/15/97 $26,750 $26,577 $19,887
8/18/97 $27,110 $26,895 $19,982
8/19/97 $27,918 $27,676 $20,380
8/20/97 $28,518 $28,266 $20,736
8/21/97 $27,820 $27,615 $20,464
8/22/97 $27,634 $27,422 $20,354
8/25/97 $27,547 $27,346 $20,390
8/26/97 $27,165 $26,986 $20,260
8/27/97 $27,121 $26,953 $20,314
8/28/97 $26,576 $26,427 $20,133
8/29/97 $26,674 $26,516 $20,209
9/2/97 $27,405 $27,221 $20,601
9/3/97 $27,340 $27,164 $20,603
9/4/97 $27,460 $27,297 $20,684
9/5/97 $27,580 $27,428 $20,826
9/8/97 $27,754 $27,593 $20,948
9/9/97 $27,984 $27,813 $21,086
9/10/97 $27,351 $27,226 $20,870
9/11/97 $27,405 $27,278 $20,878
9/12/97 $27,427 $27,303 $20,999
9/15/97 $26,761 $26,667 $20,815
9/16/97 $27,689 $27,561 $21,244
9/17/97 $27,471 $27,366 $21,217
9/18/97 $27,460 $27,382 $21,262
9/19/97 $27,711 $27,614 $21,394
9/22/97 $27,820 $27,737 $21,509
9/23/97 $28,125 $28,018 $21,610
9/24/97 $27,634 $27,545 $21,483
9/25/97 $27,383 $27,313 $21,375
9/26/97 $27,394 $27,321 $21,418
9/29/97 $27,689 $27,616 $21,580
9/30/97 $27,132 $27,083 $21,461
10/1/97 $27,263 $27,204 $21,520
10/2/97 $27,536 $27,471 $21,674
10/3/97 $27,831 $27,756 $21,846
10/6/97 $27,864 $27,793 $21,923
10/7/97 $28,235 $28,159 $22,118
10/8/97 $28,355 $28,272 $22,175
10/9/97 $28,431 $28,343 $22,227
10/10/97 $28,169 $28,085 $22,141
10/13/97 $28,235 $28,152 $22,180
10/14/97 $28,016 $27,929 $22,061
10/15/97 $27,700 $27,624 $21,941
10/16/97 $27,198 $27,138 $21,639
10/17/97 $26,576 $26,539 $21,222
10/20/97 $26,892 $26,863 $21,458
10/21/97 $27,449 $27,414 $21,803
10/22/97 $27,143 $27,121 $21,747
10/23/97 $26,554 $26,527 $21,278
10/24/97 $26,128 $26,100 $21,019
10/27/97 $24,186 $24,163 $19,544
10/28/97 $25,943 $25,842 $20,409
10/29/97 $25,495 $25,419 $20,406
10/30/97 $24,764 $24,702 $19,994
10/31/97 $25,277 $25,169 $20,289
11/3/97 $26,052 $25,937 $20,752
11/4/97 $25,954 $25,860 $20,767
11/5/97 $25,932 $25,843 $20,846
11/6/97 $25,593 $25,528 $20,669
11/7/97 $25,462 $25,384 $20,401
11/10/97 $25,026 $24,970 $20,252
11/11/97 $25,015 $24,955 $20,178
11/12/97 $24,229 $24,194 $19,628
11/13/97 $24,884 $24,814 $19,852
11/14/97 $25,441 $25,372 $20,161
11/17/97 $25,997 $25,911 $20,550
11/18/97 $25,659 $25,581 $20,376
11/19/97 $25,735 $25,650 $20,386
11/20/97 $26,325 $26,227 $20,709
11/21/97 $26,183 $26,082 $20,635
11/24/97 $25,517 $25,431 $20,205
11/25/97 $25,724 $25,624 $20,231
11/26/97 $25,877 $25,777 $20,300
11/28/97 $26,030 $25,931 $20,377
12/1/97 $26,772 $26,640 $20,762
12/2/97 $26,085 $25,970 $20,452
12/3/97 $26,325 $26,206 $20,563
12/4/97 $26,106 $25,987 $20,541
12/5/97 $26,559 $26,419 $20,802
12/8/97 $26,877 $26,732 $21,027
12/9/97 $26,066 $25,935 $20,632
12/10/97 $25,638 $25,504 $20,327
12/11/97 $24,849 $24,731 $19,843
12/12/97 $24,257 $24,154 $19,563
12/15/97 $24,411 $24,299 $19,563
12/16/97 $24,740 $24,618 $19,772
12/17/97 $24,378 $24,281 $19,701
12/18/97 $23,961 $23,864 $19,393
12/19/97 $24,027 $23,942 $19,412
12/22/97 $24,170 $24,085 $19,506
12/23/97 $23,490 $23,440 $19,224
12/24/97 $23,227 $23,179 $19,091
12/26/97 $23,600 $23,551 $19,242
12/29/97 $24,224 $24,155 $19,574
12/30/97 $24,707 $24,647 $19,925
12/31/97 $24,509 $24,458 $19,993
1/2/98 $24,948 $24,888 $20,135
1/5/98 $25,200 $25,115 $20,296
1/6/98 $24,926 $24,840 $20,118
1/7/98 $24,542 $24,467 $19,883
1/8/98 $24,652 $24,550 $19,804
1/9/98 $23,698 $23,603 $19,138
1/12/98 $24,082 $23,973 $19,194
1/13/98 $24,674 $24,562 $19,627
1/14/98 $24,696 $24,595 $19,718
1/15/98 $24,674 $24,576 $19,696
1/16/98 $24,937 $24,830 $19,898
1/20/98 $25,452 $25,348 $20,245
1/21/98 $25,441 $25,339 $20,217
1/22/98 $25,310 $25,194 $20,071
1/23/98 $25,419 $25,289 $20,064
1/26/98 $25,211 $25,089 $19,880
1/27/98 $25,715 $25,567 $20,102
1/28/98 $26,406 $26,245 $20,508
1/29/98 $26,548 $26,388 $20,619
1/30/98 $26,614 $26,440 $20,617
2/2/98 $27,348 $27,178 $21,044
2/3/98 $27,611 $27,431 $21,215
2/4/98 $27,929 $27,756 $21,395
2/5/98 $27,677 $27,520 $21,350
2/6/98 $28,171 $28,000 $21,572
2/9/98 $27,864 $27,714 $21,522
2/10/98 $28,291 $28,135 $21,759
2/11/98 $28,280 $28,111 $21,753
2/12/98 $28,434 $28,259 $21,826
2/13/98 $28,203 $28,059 $21,776
2/17/98 $28,028 $27,860 $21,687
2/18/98 $28,335 $28,159 $21,844
2/19/98 $28,719 $28,554 $21,988
2/20/98 $28,806 $28,628 $22,002
2/23/98 $29,464 $29,264 $22,303
2/24/98 $29,135 $28,940 $22,136
2/25/98 $29,859 $29,631 $22,490
2/26/98 $30,034 $29,794 $22,625
2/27/98 $29,705 $29,477 $22,541
3/2/98 $29,300 $29,068 $22,389
3/3/98 $29,256 $29,022 $22,371
3/4/98 $29,343 $29,125 $22,404
3/5/98 $27,984 $27,815 $21,795
3/6/98 $28,894 $28,711 $22,325
3/9/98 $27,995 $27,853 $21,964
3/10/98 $28,521 $28,353 $22,261
3/11/98 $28,631 $28,483 $22,367
3/12/98 $28,872 $28,715 $22,459
3/13/98 $29,015 $28,864 $22,556
3/16/98 $29,289 $29,132 $22,766
3/17/98 $28,971 $28,829 $22,653
3/18/98 $29,201 $29,054 $22,768
3/19/98 $29,420 $29,280 $22,917
3/20/98 $29,004 $28,867 $22,779
3/23/98 $29,256 $29,108 $22,821
3/24/98 $29,738 $29,568 $23,075
3/25/98 $30,155 $29,987 $23,229
3/26/98 $30,264 $30,064 $23,280
3/27/98 $30,122 $29,909 $23,218
3/30/98 $29,990 $29,785 $23,155
3/31/98 $30,341 $30,132 $23,371
4/1/98 $30,527 $30,323 $23,524
4/2/98 $30,571 $30,367 $23,591
4/3/98 $30,670 $30,452 $23,622
4/6/98 $29,946 $29,754 $23,288
4/7/98 $29,354 $29,180 $22,900
4/8/98 $29,595 $29,401 $23,006
4/9/98 $29,738 $29,545 $23,174
4/13/98 $29,880 $29,695 $23,234
4/14/98 $30,133 $29,945 $23,465
4/15/98 $30,593 $30,396 $23,722
4/16/98 $30,505 $30,301 $23,658
4/17/98 $30,582 $30,393 $23,765
4/20/98 $31,130 $30,933 $24,026
4/21/98 $31,558 $31,342 $24,239
4/22/98 $32,106 $31,865 $24,414
4/23/98 $31,284 $31,068 $23,953
4/24/98 $31,064 $30,859 $23,795
4/27/98 $30,330 $30,117 $23,175
4/28/98 $30,374 $30,177 $23,321
4/29/98 $30,801 $30,598 $23,574
4/30/98 $30,999 $30,809 $23,788
5/1/98 $31,075 $30,894 $23,852
5/4/98 $31,174 $30,999 $23,921
5/5/98 $30,966 $30,788 $23,743
5/6/98 $30,834 $30,665 $23,638
5/7/98 $30,341 $30,181 $23,364
5/8/98 $31,130 $30,955 $23,736
5/11/98 $30,735 $30,551 $23,529
5/12/98 $31,207 $31,014 $23,683
5/13/98 $31,371 $31,179 $23,759
5/14/98 $31,459 $31,253 $23,749
5/15/98 $31,031 $30,843 $23,512
5/18/98 $30,867 $30,671 $23,319
5/19/98 $31,196 $30,994 $23,501
5/20/98 $30,746 $30,553 $23,321
5/21/98 $30,385 $30,207 $23,184
5/22/98 $30,155 $29,970 $22,980
5/26/98 $29,815 $29,625 $22,638
5/27/98 $30,067 $29,855 $22,676
5/28/98 $30,176 $29,988 $22,848
5/29/98 $29,585 $29,426 $22,648
6/1/98 $28,927 $28,771 $22,240
6/2/98 $29,486 $29,304 $22,430
6/3/98 $28,883 $28,732 $22,182
6/4/98 $29,694 $29,503 $22,534
6/5/98 $29,979 $29,787 $22,699
6/8/98 $29,968 $29,795 $22,761
6/9/98 $30,385 $30,201 $22,926
6/10/98 $29,782 $29,604 $22,576
6/11/98 $29,431 $29,254 $22,277
6/12/98 $29,497 $29,300 $22,217
6/15/98 $29,179 $28,969 $21,844
6/16/98 $30,133 $29,891 $22,320
6/17/98 $30,472 $30,216 $22,616
6/18/98 $30,549 $30,296 $22,569
6/19/98 $30,867 $30,602 $22,679
6/22/98 $31,492 $31,200 $22,991
6/23/98 $32,456 $32,149 $23,484
6/24/98 $33,169 $32,859 $23,907
6/25/98 $32,654 $32,371 $23,722
6/26/98 $32,917 $32,607 $23,802
6/29/98 $33,388 $33,070 $24,076
6/30/98 $33,322 $33,012 $24,123
7/1/98 $33,783 $33,476 $24,374
7/2/98 $33,191 $32,893 $24,114
7/6/98 $33,443 $33,141 $24,311
7/7/98 $33,542 $33,233 $24,293
7/8/98 $34,342 $34,012 $24,641
7/9/98 $34,462 $34,144 $24,697
7/10/98 $34,660 $34,339 $24,738
7/13/98 $35,416 $35,067 $25,024
7/14/98 $35,372 $35,006 $25,061
7/15/98 $36,161 $35,782 $25,394
7/16/98 $36,227 $35,857 $25,470
7/17/98 $36,523 $36,138 $25,575
7/20/98 $36,578 $36,185 $25,645
7/21/98 $35,712 $35,346 $25,198
7/22/98 $35,679 $35,313 $25,078
7/23/98 $35,087 $34,702 $24,638
7/24/98 $35,164 $34,771 $24,585
7/27/98 $35,613 $35,209 $24,613
7/28/98 $34,769 $34,393 $24,146
7/29/98 $34,440 $34,067 $23,954
7/30/98 $35,526 $35,103 $24,439
7/31/98 $34,375 $33,997 $23,838
8/3/98 $34,177 $33,779 $23,567
8/4/98 $32,884 $32,516 $22,734
8/5/98 $33,235 $32,828 $22,767
8/6/98 $34,155 $33,716 $23,293
8/7/98 $34,079 $33,672 $23,512
8/10/98 $34,046 $33,642 $23,416
8/11/98 $33,235 $32,834 $22,824
8/12/98 $33,848 $33,439 $23,242
8/13/98 $33,454 $33,038 $22,949
8/14/98 $33,224 $32,832 $22,792
8/17/98 $34,199 $33,763 $23,146
8/18/98 $35,021 $34,589 $23,619
8/19/98 $34,967 $34,516 $23,460
8/20/98 $34,977 $34,514 $23,330
8/21/98 $34,386 $33,936 $22,886
8/24/98 $34,287 $33,841 $22,800
8/25/98 $34,747 $34,271 $22,894
8/26/98 $34,397 $33,918 $22,511
8/27/98 $32,851 $32,393 $21,471
8/28/98 $31,689 $31,227 $20,876
8/31/98 $28,543 $28,149 $19,088
9/1/98 $30,461 $29,993 $20,053
9/2/98 $30,615 $30,151 $20,279
9/3/98 $30,308 $29,843 $20,012
9/4/98 $30,198 $29,755 $19,944
9/8/98 $32,226 $31,756 $21,145
9/9/98 $31,634 $31,146 $20,683
9/10/98 $30,955 $30,495 $20,184
9/11/98 $32,336 $31,848 $20,901
9/14/98 $32,774 $32,293 $21,207
9/15/98 $33,125 $32,687 $21,365
9/16/98 $33,322 $32,866 $21,515
9/17/98 $32,325 $31,887 $20,959
9/18/98 $32,533 $32,107 $21,182
9/21/98 $33,246 $32,774 $21,394
9/22/98 $33,454 $32,983 $21,616
9/23/98 $34,934 $34,426 $22,411
9/24/98 $33,958 $33,484 $21,903
9/25/98 $34,824 $34,314 $22,199
9/28/98 $34,671 $34,145 $22,143
9/29/98 $34,703 $34,186 $22,077
9/30/98 $33,728 $33,213 $21,565
10/1/98 $31,919 $31,442 $20,527
10/2/98 $31,963 $31,508 $20,561
10/5/98 $30,209 $29,811 $19,564
10/6/98 $29,650 $29,247 $19,236
10/7/98 $28,806 $28,414 $18,621
10/8/98 $28,280 $27,866 $18,068
10/9/98 $30,045 $29,569 $19,002
10/12/98 $31,152 $30,693 $19,684
10/13/98 $30,220 $29,792 $19,218
10/14/98 $30,944 $30,502 $19,619
10/15/98 $32,555 $32,082 $20,511
10/16/98 $32,402 $31,940 $20,637
10/19/98 $32,807 $32,341 $20,991
10/20/98 $32,106 $31,676 $20,869
10/21/98 $33,366 $32,881 $21,322
10/22/98 $33,936 $33,452 $21,677
10/23/98 $33,553 $33,092 $21,565
10/26/98 $34,276 $33,792 $21,962
10/27/98 $33,870 $33,407 $21,868
10/28/98 $34,550 $34,064 $22,119
10/29/98 $34,956 $34,467 $22,372
10/30/98 $35,043 $34,571 $22,553
11/2/98 $35,471 $35,022 $22,928
11/3/98 $35,032 $34,601 $22,770
11/4/98 $35,854 $35,398 $23,217
11/5/98 $36,106 $35,596 $23,389
11/6/98 $36,522 $35,999 $23,637
11/9/98 $36,765 $36,228 $23,694
11/10/98 $36,942 $36,471 $23,752
11/11/98 $37,096 $36,551 $23,708
11/12/98 $36,721 $36,201 $23,567
11/13/98 $36,665 $36,168 $23,528
11/16/98 $36,931 $36,425 $23,702
11/17/98 $37,516 $36,991 $23,916
11/18/98 $37,925 $37,395 $24,157
11/19/98 $38,500 $37,951 $24,441
11/20/98 $38,677 $38,119 $24,549
11/23/98 $39,815 $39,225 $25,176
11/24/98 $39,594 $39,022 $25,029
11/25/98 $40,025 $39,458 $25,275
11/27/98 $40,787 $40,195 $25,672
11/30/98 $38,997 $38,458 $24,821
12/1/98 $40,920 $40,298 $25,511
12/2/98 $40,566 $39,967 $25,402
12/3/98 $39,417 $38,848 $24,882
12/4/98 $40,842 $40,236 $25,503
12/7/98 $42,025 $41,393 $25,981
12/8/98 $41,793 $41,178 $25,906
12/9/98 $42,235 $41,603 $26,105
12/10/98 $41,428 $40,798 $25,666
12/11/98 $41,992 $41,347 $25,836
12/14/98 $40,467 $39,843 $25,042
12/15/98 $41,715 $41,070 $25,624
12/16/98 $41,528 $40,885 $25,582
12/17/98 $42,367 $41,708 $26,022
12/18/98 $43,484 $42,828 $26,560
12/21/98 $44,821 $44,119 $26,828
12/22/98 $44,334 $43,638 $27,003
12/23/98 $45,694 $44,900 $27,660
12/24/98 $45,318 $44,581 $27,539
12/28/98 $45,727 $45,025 $27,759
12/29/98 $45,694 $45,008 $27,777
12/30/98 $45,274 $44,703 $27,589
12/31/98 $45,705 $45,321 $27,916
1/4/99 $46,224 $45,775 $28,112
1/5/99 $47,462 $46,975 $28,662
1/6/99 $49,009 $48,479 $29,548
1/7/99 $49,097 $48,539 $29,615
1/8/99 $49,285 $48,719 $29,848
1/11/99 $50,003 $49,374 $30,360
1/12/99 $48,445 $47,882 $29,547
1/13/99 $48,666 $48,103 $29,497
1/14/99 $47,594 $47,052 $28,987
1/15/99 $49,517 $48,916 $29,896
1/19/99 $50,788 $50,201 $30,660
1/20/99 $50,832 $50,201 $30,753
1/21/99 $49,020 $48,425 $29,852
1/22/99 $49,086 $48,486 $29,778
1/25/99 $49,937 $49,299 $30,165
1/26/99 $51,617 $50,905 $30,981
1/27/99 $50,821 $50,119 $30,647
1/28/99 $52,700 $51,951 $31,540
1/29/99 $53,307 $52,509 $31,904
2/1/99 $53,418 $52,601 $31,957
2/2/99 $52,103 $51,312 $31,363
2/3/99 $53,086 $52,330 $31,745
2/4/99 $50,755 $50,052 $30,684
2/5/99 $49,793 $49,090 $30,220
2/8/99 $50,965 $50,217 $30,618
2/9/99 $48,478 $47,773 $29,420
2/10/99 $48,710 $47,991 $29,404
2/11/99 $51,230 $50,472 $30,626
2/12/99 $49,053 $48,347 $29,561
2/16/99 $48,931 $48,246 $29,459
2/17/99 $47,329 $46,688 $28,632
2/18/99 $47,683 $47,051 $28,780
2/19/99 $48,313 $47,685 $29,074
2/22/99 $49,904 $49,275 $29,817
2/23/99 $50,744 $50,066 $30,255
2/24/99 $49,738 $49,101 $29,784
2/25/99 $49,385 $48,737 $29,624
2/26/99 $48,158 $47,525 $29,130
3/1/99 $48,445 $47,831 $29,221
3/2/99 $47,219 $46,621 $28,761
3/3/99 $47,517 $46,896 $28,840
3/4/99 $48,335 $47,716 $29,192
3/5/99 $49,252 $48,626 $29,755
3/8/99 $50,876 $50,210 $30,525
3/9/99 $50,711 $50,075 $30,466
3/10/99 $50,965 $50,320 $30,632
3/11/99 $51,119 $50,450 $30,712
3/12/99 $50,257 $49,590 $30,321
3/15/99 $51,550 $50,859 $30,956
3/16/99 $51,860 $51,179 $31,056
3/17/99 $51,639 $50,961 $30,925
3/18/99 $52,622 $51,906 $31,357
3/19/99 $51,407 $50,695 $30,827
3/22/99 $50,755 $50,039 $30,504
3/23/99 $49,119 $48,414 $29,573
3/24/99 $50,434 $49,704 $30,114
3/25/99 $52,169 $51,427 $30,999
3/26/99 $51,749 $51,031 $30,800
3/29/99 $53,694 $52,940 $31,738
3/30/99 $53,241 $52,472 $31,578
3/31/99 $52,711 $51,996 $31,337
4/1/99 $53,705 $52,976 $31,744
4/2/99 $53,705 $52,976 $31,744
4/5/99 $55,562 $54,791 $32,594
4/6/99 $55,573 $54,771 $32,633
4/7/99 $54,921 $54,116 $32,395
4/8/99 $55,705 $54,917 $32,763
4/9/99 $55,860 $55,108 $33,014
4/12/99 $55,484 $54,780 $33,087
4/13/99 $54,346 $53,694 $32,892
4/14/99 $52,523 $51,927 $31,922
4/15/99 $53,296 $52,722 $32,106
4/16/99 $52,026 $51,504 $31,626
4/19/99 $49,031 $48,575 $29,863
4/20/99 $50,644 $50,117 $30,678
4/21/99 $52,490 $51,981 $31,690
4/22/99 $54,457 $53,899 $32,613
4/23/99 $55,131 $54,564 $32,984
4/26/99 $56,402 $55,804 $33,765
4/27/99 $55,020 $54,480 $33,133
4/28/99 $53,606 $53,083 $32,470
4/29/99 $52,810 $52,314 $32,191
4/30/99 $53,219 $52,736 $32,374
5/3/99 $53,219 $52,775 $32,282
5/4/99 $52,169 $51,777 $31,639
5/5/99 $53,639 $53,214 $32,267
5/6/99 $51,727 $51,310 $31,476
5/7/99 $52,700 $52,275 $31,875
5/10/99 $53,120 $52,696 $32,165
5/11/99 $54,136 $53,710 $32,678
5/12/99 $55,175 $54,743 $33,185
5/13/99 $54,214 $53,790 $32,873
5/14/99 $52,887 $52,459 $32,184
5/17/99 $54,158 $53,707 $32,616
5/18/99 $53,738 $53,301 $32,572
5/19/99 $54,390 $53,966 $32,814
5/20/99 $53,230 $52,824 $32,367
5/21/99 $52,611 $52,193 $32,085
5/24/99 $51,274 $50,865 $31,251
5/25/99 $49,749 $49,346 $30,313
5/26/99 $51,075 $50,679 $30,902
5/27/99 $51,020 $50,606 $30,800
5/28/99 $52,003 $51,584 $31,454
6/1/99 $50,390 $50,006 $30,709
6/2/99 $51,628 $51,209 $30,968
6/3/99 $50,523 $50,120 $30,598
6/4/99 $52,479 $52,070 $31,553
6/7/99 $53,562 $53,138 $32,137
6/8/99 $51,915 $51,511 $31,505
6/9/99 $53,164 $52,714 $32,075
6/10/99 $52,202 $51,783 $31,633
6/11/99 $51,318 $50,907 $31,165
6/14/99 $50,490 $50,083 $30,534
6/15/99 $51,219 $50,805 $30,743
6/16/99 $53,937 $53,504 $32,056
6/17/99 $54,534 $54,080 $32,391
6/18/99 $54,899 $54,441 $32,637
6/21/99 $56,468 $56,001 $33,488
6/22/99 $55,009 $54,550 $32,851
6/23/99 $55,739 $55,277 $33,078
6/24/99 $54,390 $53,933 $32,516
6/25/99 $54,424 $53,955 $32,499
6/28/99 $55,871 $55,391 $33,133
6/29/99 $56,777 $56,282 $33,638
6/30/99 $57,208 $56,695 $34,198
7/1/99 $57,838 $57,326 $34,454
7/2/99 $58,468 $57,957 $34,897
7/6/99 $58,026 $57,533 $34,843
7/7/99 $58,269 $57,779 $34,923
7/8/99 $59,087 $58,616 $35,290
7/9/99 $59,551 $59,071 $35,560
7/12/99 $59,297 $58,854 $35,527
7/13/99 $59,021 $58,593 $35,371
7/14/99 $60,103 $59,664 $35,879
7/15/99 $60,391 $59,966 $36,150
7/16/99 $61,131 $60,711 $36,469
7/19/99 $60,280 $59,851 $36,034
7/20/99 $57,927 $57,498 $34,785
7/21/99 $58,777 $58,345 $35,162
7/22/99 $56,733 $56,328 $34,177
7/23/99 $57,241 $56,825 $34,278
7/26/99 $55,540 $55,133 $33,346
7/27/99 $57,407 $56,991 $34,112
7/28/99 $58,037 $57,609 $34,450
7/29/99 $56,280 $55,863 $33,611
7/30/99 $56,457 $56,057 $33,592
8/2/99 $56,313 $55,906 $33,403
8/3/99 $55,739 $55,273 $32,949
8/4/99 $54,866 $54,413 $32,338
8/5/99 $55,551 $55,102 $32,667
8/6/99 $55,064 $54,606 $32,440
8/9/99 $54,446 $54,000 $32,071
8/10/99 $53,849 $53,412 $31,703
8/11/99 $55,805 $55,338 $32,656
8/12/99 $55,131 $54,660 $32,459
8/13/99 $57,451 $56,949 $33,583
8/16/99 $57,606 $57,098 $33,679
8/17/99 $58,225 $57,697 $34,009
8/18/99 $57,750 $57,204 $33,837
8/19/99 $56,777 $56,251 $33,375
8/20/99 $57,683 $57,147 $33,717
8/23/99 $59,463 $58,894 $34,624
8/24/99 $59,938 $59,362 $35,042
8/25/99 $61,297 $60,747 $35,720
8/26/99 $60,214 $59,670 $35,325
8/27/99 $59,849 $59,307 $35,125
8/30/99 $58,954 $58,426 $34,537
8/31/99 $59,706 $59,166 $34,876
9/1/99 $59,905 $59,365 $35,022
9/2/99 $59,606 $59,061 $34,811
9/3/99 $62,424 $61,877 $36,197
9/7/99 $62,059 $61,510 $36,123
9/8/99 $61,098 $60,593 $35,760
9/9/99 $62,391 $61,847 $36,311
9/10/99 $63,131 $62,566 $36,757
9/13/99 $61,838 $61,294 $36,218
9/14/99 $62,833 $62,266 $36,518
9/15/99 $61,352 $60,801 $35,829
9/16/99 $61,474 $60,894 $35,734
9/17/99 $63,209 $62,623 $36,535
9/20/99 $63,430 $62,833 $36,745
9/21/99 $61,639 $61,063 $35,917
9/22/99 $62,634 $62,056 $36,389
9/23/99 $59,860 $59,319 $35,010
9/24/99 $59,772 $59,233 $34,890
9/27/99 $60,424 $59,898 $35,161
9/28/99 $60,457 $59,937 $35,091
9/29/99 $59,717 $59,213 $34,761
9/30/99 $59,938 $59,438 $34,963
10/1/99 $59,871 $59,353 $34,844
10/4/99 $61,430 $60,920 $35,597
10/5/99 $61,529 $61,008 $35,644
10/6/99 $62,988 $62,511 $36,377
10/7/99 $62,954 $62,502 $36,421
10/8/99 $63,518 $63,078 $36,751
10/11/99 $64,093 $63,659 $37,125
10/12/99 $62,800 $62,374 $36,571
10/13/99 $60,987 $60,588 $35,665
10/14/99 $61,407 $60,996 $35,735
10/15/99 $59,750 $59,337 $34,780
10/18/99 $58,733 $58,308 $34,237
10/19/99 $58,722 $58,311 $34,225
10/20/99 $61,319 $60,880 $35,497
10/21/99 $61,595 $61,147 $35,673
10/22/99 $61,805 $61,364 $35,859
10/25/99 $61,750 $61,321 $35,851
10/26/99 $61,308 $60,882 $35,794
10/27/99 $61,076 $60,662 $35,680
10/28/99 $63,131 $62,697 $36,606
10/29/99 $65,529 $65,104 $37,767
11/1/99 $65,010 $64,584 $37,783
11/2/99 $65,297 $64,846 $37,961
11/3/99 $66,413 $65,975 $38,558
11/4/99 $67,165 $66,725 $38,907
11/5/99 $68,466 $68,023 $39,497
11/8/99 $69,246 $68,778 $40,028
11/9/99 $68,689 $68,218 $39,787
11/10/99 $69,535 $69,058 $40,180
11/11/99 $70,838 $70,347 $40,706
11/12/99 $71,796 $71,312 $41,010
11/15/99 $71,462 $70,990 $40,990
11/16/99 $73,054 $72,573 $41,926
11/17/99 $72,352 $71,874 $41,624
11/18/99 $74,613 $74,140 $42,614
11/19/99 $75,225 $74,766 $42,896
11/22/99 $75,726 $75,279 $43,193
11/23/99 $74,490 $74,049 $42,560
11/24/99 $77,174 $76,733 $43,548
11/26/99 $77,374 $76,933 $43,896
11/29/99 $76,060 $75,615 $43,559
11/30/99 $73,689 $73,232 $42,475
12/1/99 $74,423 $73,987 $42,698
12/2/99 $77,174 $76,732 $43,959
12/3/99 $78,744 $78,309 $44,823
12/6/99 $79,211 $78,771 $45,146
12/7/99 $79,479 $79,116 $45,667
12/8/99 $78,476 $78,104 $45,656
12/9/99 $78,554 $78,189 $45,759
12/10/99 $79,434 $79,072 $46,091
12/13/99 $80,380 $80,037 $46,574
12/14/99 $78,510 $78,183 $45,473
12/15/99 $80,280 $79,958 $46,113
12/16/99 $82,563 $82,257 $47,298
12/17/99 $83,197 $82,937 $47,782
12/20/99 $83,955 $83,681 $48,175
12/21/99 $87,340 $87,101 $49,795
12/22/99 $88,152 $87,934 $50,128
12/24/99 $88,843 $88,625 $50,537
12/27/99 $89,054 $88,828 $50,613
12/28/99 $88,587 $88,346 $50,571
12/29/99 $91,270 $91,078 $51,454
12/30/99 $91,114 $90,930 $51,396
12/31/99 $91,704 $91,526 $51,809
1/3/00 $93,764 $93,568 $52,596
1/4/00 $87,752 $87,537 $49,675
1/5/00 $86,794 $86,577 $49,367
1/6/00 $82,708 $82,467 $47,452
1/7/00 $87,362 $87,127 $49,432
1/10/00 $91,960 $91,763 $51,559
1/11/00 $87,685 $87,491 $49,923
1/12/00 $86,003 $85,857 $49,017
1/13/00 $89,255 $89,163 $50,381
1/17/00 $91,548 $91,450 $51,744
1/18/00 $92,829 $92,759 $52,592
1/19/00 $93,631 $93,577 $52,852
1/20/00 $94,867 $94,832 $53,339
1/21/00 $95,056 $95,035 $53,923
1/24/00 $90,402 $90,370 $52,149
1/25/00 $92,840 $92,792 $53,058
1/26/00 $89,489 $89,388 $51,816
1/27/00 $88,787 $88,696 $51,430
1/28/00 $85,179 $85,067 $49,488
1/31/00 $88,219 $88,125 $50,167
2/1/00 $91,448 $91,377 $51,588
2/2/00 $92,016 $91,937 $51,868
2/3/00 $95,123 $95,065 $53,612
2/4/00 $95,679 $95,637 $54,035
2/7/00 $97,127 $97,093 $55,023
2/8/00 $100,311 $100,291 $56,369
2/9/00 $97,984 $97,960 $55,551
2/10/00 $100,979 $100,960 $57,109
2/11/00 $97,984 $97,971 $55,961
2/14/00 $98,396 $98,396 $56,255
2/15/00 $98,652 $98,665 $56,283
2/16/00 $98,675 $98,689 $56,371
2/17/00 $101,781 $101,834 $57,915
2/18/00 $97,851 $97,893 $56,168
2/22/00 $97,962 $97,977 $55,791
2/23/00 $102,883 $102,937 $57,933
2/24/00 $104,899 $104,985 $58,790
2/25/00 $103,073 $103,147 $58,444
2/28/00 $102,650 $102,741 $58,283
2/29/00 $105,199 $105,328 $59,796
3/1/00 $106,235 $106,366 $60,909
3/2/00 $104,409 $104,521 $60,532
3/3/00 $109,497 $109,671 $62,573
3/6/00 $109,854 $110,024 $62,446
3/7/00 $108,206 $108,386 $61,721
3/8/00 $109,464 $109,740 $62,349
3/9/00 $112,905 $113,210 $64,254
3/10/00 $112,916 $113,232 $64,277
3/13/00 $108,996 $109,274 $62,477
3/14/00 $104,086 $104,342 $59,923
3/15/00 $101,703 $101,950 $58,344
3/16/00 $107,192 $107,460 $60,060
3/17/00 $109,308 $109,611 $61,088
3/20/00 $104,921 $105,185 $58,692
3/21/00 $109,542 $109,830 $59,987
3/22/00 $113,149 $113,471 $61,936
3/23/00 $114,731 $115,046 $62,902
3/24/00 $115,465 $115,811 $63,187
3/27/00 $115,777 $116,135 $63,130
3/28/00 $112,827 $113,139 $61,543
3/29/00 $108,662 $108,956 $59,134
3/30/00 $104,632 $104,914 $56,756
3/31/00 $108,228 $108,559 $58,219
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-00
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
INVESTOR CLASS ADVISOR CLASS
(2-14-94) (9-22-98)
------------------------------- -----------------------
ONE FIVE SINCE ONE SINCE
YEAR YEAR INCEPTION YEAR INCEPTION
<S> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------
OTC Fund 105.32% 58.79% 47.49% 104.26% 115.07%
NASDAQ 100 Index-Registered Trademark- 108.79% 57.96% 47.57% 108.79% 118.60%
NASDAQ Composite
Index-Registered Trademark- 85.78% 41.11% 33.30% 85.78% 91.64%
------------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE NASDAQ COMPOSITE INDEX
AND THE NASDAQ 100 INDEX ARE UNMANAGED STOCK INDICES AND, UNLIKE THE FUND, HAVE
NO MANAGEMENT FEES OR OTHER OPERATING EXPENSES TO REDUCE THEIR REPORTED RETURNS.
RETURNS ARE HISTORICAL AND INCLUDE CHANGES IN PRINCIPAL AND REINVESTED DIVIDENDS
AND CAPITAL GAINS. THE GRAPH IS BASED ON INVESTOR CLASS SHARES ONLY; PERFORMANCE
FOR ADVISOR CLASS SHARES WILL VARY DUE TO DIFFERENCES IN FEE STRUCTURES
6
<PAGE>
THE U. S. GOVERNMENT BOND FUND
BENCHMARK: 120% OF THE PRICE MOVEMENT OF CURRENT LONG TREASURY BOND
INCEPTION: JANUARY 3, 1994
The yield on the 30-Year Treasury Bond for the year ended March 31, 2000 rose
from 5.625% to 5.83%. Unlike the stock market, bonds were unable to assuage
investor concerns of rising interest rates, inflation, Y2K worries, and a
weakened dollar. During the year, the Federal Reserve raised the Fed Funds rate
five times. The U.S. Government Bond Fund achieves its objective by investing in
the 30-Year Treasury Bond and by purchasing call options on the Treasury Bond
futures contract in order to increase its exposure to 120% of the Treasury
Bond's price movements. The Fund returned -2.26% for the year vs. -6.05% for the
30-Year Treasury Bond.
CUMULATIVE FUND PERFORMANCE: JANUARY 3, 1994--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX U.S. GOV'T BOND FUND 30 YEAR BOND LEHMAN BOND
<S> <C> <C> <C>
1/3/94 $10,000 $10,000 $10,000
1/4/94 $10,040 $10,099 $10,081
1/5/94 $10,010 $10,022 $10,040
1/6/94 $10,080 $10,099 $10,110
1/7/94 $10,250 $10,266 $10,257
1/10/94 $10,250 $10,243 $10,247
1/11/94 $10,250 $10,256 $10,262
1/12/94 $10,370 $10,326 $10,325
1/13/94 $10,210 $10,227 $10,237
1/14/94 $10,140 $10,179 $10,202
1/18/94 $10,190 $10,205 $10,236
1/19/94 $10,160 $10,166 $10,221
1/20/94 $10,200 $10,214 $10,264
1/21/94 $10,180 $10,189 $10,259
1/24/94 $10,170 $10,173 $10,243
1/25/94 $10,100 $10,102 $10,209
1/26/94 $10,100 $10,150 $10,238
1/27/94 $10,170 $10,214 $10,294
1/28/94 $10,240 $10,278 $10,347
1/31/94 $10,200 $10,250 $10,330
2/1/94 $10,070 $10,138 $10,245
2/2/94 $10,110 $10,189 $10,273
2/3/94 $10,060 $10,147 $10,235
2/4/94 $9,940 $10,083 $10,173
2/7/94 $9,930 $10,042 $10,128
2/8/94 $9,860 $9,962 $10,084
2/9/94 $9,900 $10,019 $10,130
2/10/94 $9,880 $9,971 $10,099
2/11/94 $9,930 $10,022 $10,140
2/14/94 $9,870 $9,958 $10,125
2/15/94 $9,870 $9,955 $10,118
2/16/94 $9,860 $9,946 $10,114
2/17/94 $9,730 $9,840 $10,027
2/18/94 $9,580 $9,734 $9,942
2/22/94 $9,640 $9,766 $9,978
2/23/94 $9,570 $9,702 $9,929
2/24/94 $9,440 $9,597 $9,836
2/25/94 $9,470 $9,632 $9,859
2/28/94 $9,540 $9,693 $9,914
3/1/94 $9,380 $9,559 $9,787
3/2/94 $9,390 $9,552 $9,813
3/3/94 $9,310 $9,469 $9,745
3/4/94 $9,300 $9,475 $9,736
3/7/94 $9,380 $9,520 $9,787
3/8/94 $9,310 $9,427 $9,725
3/9/94 $9,310 $9,472 $9,757
3/10/94 $9,150 $9,299 $9,634
3/11/94 $9,200 $9,395 $9,682
3/14/94 $9,180 $9,338 $9,642
3/15/94 $9,210 $9,424 $9,710
3/16/94 $9,320 $9,520 $9,794
3/17/94 $9,310 $9,482 $9,769
3/18/94 $9,180 $9,399 $9,672
3/21/94 $9,140 $9,335 $9,640
3/22/94 $9,220 $9,456 $9,760
3/23/94 $9,260 $9,402 $9,707
3/24/94 $9,090 $9,331 $9,640
3/25/94 $9,060 $9,267 $9,575
3/28/94 $9,090 $9,309 $9,609
3/29/94 $8,980 $9,200 $9,520
3/30/94 $8,910 $9,152 $9,489
3/31/94 $8,910 $9,175 $9,495
4/4/94 $8,520 $8,826 $9,201
4/5/94 $8,740 $8,996 $9,351
4/6/94 $8,740 $8,999 $9,369
4/7/94 $8,800 $9,037 $9,400
4/8/94 $8,730 $8,986 $9,358
4/11/94 $8,760 $9,008 $9,378
4/12/94 $8,830 $9,050 $9,410
4/13/94 $8,730 $8,983 $9,369
4/14/94 $8,700 $8,951 $9,344
4/15/94 $8,700 $8,951 $9,347
4/18/94 $8,560 $8,804 $9,226
4/19/94 $8,590 $8,858 $9,274
4/20/94 $8,650 $8,916 $9,327
4/21/94 $8,800 $9,034 $9,436
4/22/94 $8,800 $9,021 $9,424
4/25/94 $8,890 $9,104 $9,501
4/26/94 $8,920 $9,155 $9,545
4/28/94 $8,690 $8,973 $9,401
4/29/94 $8,680 $8,928 $9,366
5/2/94 $8,640 $8,906 $9,334
5/3/94 $8,600 $8,874 $9,326
5/4/94 $8,620 $8,896 $9,334
5/5/94 $8,650 $8,893 $9,340
5/6/94 $8,400 $8,676 $9,161
5/9/94 $8,300 $8,573 $9,075
5/10/94 $8,480 $8,727 $9,204
5/11/94 $8,340 $8,615 $9,116
5/12/94 $8,370 $8,666 $9,157
5/13/94 $8,450 $8,730 $9,216
5/16/94 $8,490 $8,775 $9,271
5/17/94 $8,680 $8,957 $9,441
5/18/94 $8,720 $8,976 $9,440
5/19/94 $8,760 $9,015 $9,469
5/20/94 $8,670 $8,928 $9,410
5/23/94 $8,510 $8,788 $9,283
5/24/94 $8,570 $8,829 $9,314
5/25/94 $8,600 $8,884 $9,365
5/26/94 $8,600 $8,884 $9,357
5/27/94 $8,560 $8,836 $9,334
5/31/94 $8,510 $8,794 $9,308
6/1/94 $8,550 $8,855 $9,348
6/2/94 $8,580 $8,893 $9,394
6/3/94 $8,670 $8,973 $9,463
6/6/94 $8,720 $9,021 $9,527
6/7/94 $8,670 $9,005 $9,496
6/8/94 $8,640 $8,957 $9,482
6/9/94 $8,650 $8,964 $9,482
6/10/94 $8,620 $8,925 $9,449
6/13/94 $8,580 $8,877 $9,411
6/14/94 $8,630 $8,928 $9,465
6/15/94 $8,540 $8,836 $9,382
6/16/94 $8,550 $8,874 $9,419
6/17/94 $8,480 $8,778 $9,342
6/20/94 $8,480 $8,768 $9,330
6/21/94 $8,430 $8,724 $9,306
6/22/94 $8,530 $8,836 $9,391
6/23/94 $8,530 $8,839 $9,404
6/24/94 $8,400 $8,704 $9,295
6/27/94 $8,480 $8,768 $9,347
6/28/94 $8,400 $8,695 $9,300
6/29/94 $8,420 $8,711 $9,308
6/30/94 $8,240 $8,608 $9,223
7/1/94 $8,300 $8,612 $9,220
7/5/94 $8,320 $8,634 $9,251
7/6/94 $8,310 $8,624 $9,250
7/7/94 $8,320 $8,624 $9,242
7/8/94 $8,200 $8,532 $9,159
7/11/94 $8,160 $8,487 $9,139
7/12/94 $8,240 $8,535 $9,172
7/13/94 $8,250 $8,554 $9,192
7/14/94 $8,370 $8,695 $9,325
7/15/94 $8,350 $8,676 $9,321
7/18/94 $8,400 $8,720 $9,374
7/19/94 $8,450 $8,762 $9,412
7/20/94 $8,350 $8,672 $9,341
7/21/94 $8,350 $8,679 $9,336
7/22/94 $8,350 $8,663 $9,327
7/25/94 $8,380 $8,698 $9,360
7/26/94 $8,360 $8,676 $9,350
7/27/94 $8,300 $8,621 $9,293
7/28/94 $8,360 $8,676 $9,351
7/29/94 $8,520 $8,839 $9,502
8/1/94 $8,500 $8,836 $9,508
8/2/94 $8,500 $8,826 $9,506
8/3/94 $8,520 $8,848 $9,520
8/4/94 $8,500 $8,823 $9,499
8/5/94 $8,340 $8,679 $9,371
8/8/94 $8,360 $8,679 $9,381
8/9/94 $8,310 $8,647 $9,360
8/10/94 $8,310 $8,650 $9,364
8/11/94 $8,230 $8,564 $9,296
8/12/94 $8,300 $8,628 $9,335
8/15/94 $8,280 $8,628 $9,337
8/16/94 $8,390 $8,736 $9,471
8/17/94 $8,410 $8,701 $9,446
8/18/94 $8,260 $8,612 $9,367
8/19/94 $8,270 $8,612 $9,376
8/22/94 $8,210 $8,539 $9,326
8/23/94 $8,240 $8,556 $9,342
8/24/94 $8,300 $8,639 $9,414
8/25/94 $8,250 $8,561 $9,357
8/26/94 $8,280 $8,623 $9,405
8/29/94 $8,280 $8,599 $9,404
8/30/94 $8,320 $8,636 $9,435
8/31/94 $8,340 $8,647 $9,451
9/1/94 $8,330 $8,655 $9,457
9/2/94 $8,280 $8,612 $9,415
9/6/94 $8,230 $8,561 $9,380
9/7/94 $8,200 $8,529 $9,351
9/8/94 $8,200 $8,531 $9,353
9/9/94 $8,110 $8,394 $9,228
9/12/94 $8,110 $8,381 $9,216
9/13/94 $8,120 $8,421 $9,249
9/14/94 $8,140 $8,424 $9,266
9/15/94 $8,170 $8,464 $9,303
9/16/94 $8,040 $8,327 $9,184
9/19/94 $8,070 $8,341 $9,204
9/20/94 $8,040 $8,319 $9,193
9/21/94 $8,020 $8,298 $9,161
9/22/94 $8,050 $8,314 $9,183
9/23/94 $8,020 $8,314 $9,173
9/26/94 $8,030 $8,300 $9,173
9/27/94 $7,980 $8,254 $9,132
9/28/94 $8,020 $8,284 $9,163
9/29/94 $7,970 $8,257 $9,138
9/30/94 $7,990 $8,284 $9,159
10/3/94 $7,970 $8,246 $9,129
10/4/94 $7,950 $8,217 $9,105
10/5/94 $7,870 $8,160 $9,049
10/6/94 $7,880 $8,147 $9,051
10/7/94 $7,910 $8,198 $9,099
10/11/94 $7,960 $8,236 $9,146
10/12/94 $7,930 $8,217 $9,117
10/13/94 $7,980 $8,249 $9,164
10/14/94 $7,990 $8,271 $9,192
10/17/94 $7,980 $8,273 $9,202
10/18/94 $7,960 $8,233 $9,170
10/19/94 $7,920 $8,211 $9,155
10/20/94 $7,810 $8,109 $9,062
10/21/94 $7,830 $8,131 $9,089
10/24/94 $7,770 $8,069 $9,037
10/25/94 $7,750 $8,074 $9,039
10/26/94 $7,740 $8,050 $9,019
10/27/94 $7,760 $8,064 $9,036
10/28/94 $7,850 $8,155 $9,116
10/31/94 $7,840 $8,131 $9,120
11/1/94 $7,740 $8,056 $9,041
11/2/94 $7,710 $8,026 $9,012
11/3/94 $7,710 $8,018 $9,005
11/4/94 $7,660 $7,964 $8,959
11/7/94 $7,650 $7,967 $8,960
11/8/94 $7,690 $7,996 $9,010
11/9/94 $7,730 $8,010 $9,019
11/10/94 $7,670 $7,972 $8,991
11/14/94 $7,730 $8,045 $8,991
11/15/94 $7,780 $8,080 $9,011
11/16/94 $7,720 $8,021 $8,974
11/17/94 $7,680 $7,988 $8,938
11/18/94 $7,680 $7,988 $8,946
11/21/94 $7,680 $7,999 $8,949
11/22/94 $7,710 $8,101 $9,040
11/23/94 $7,860 $8,163 $9,125
11/25/94 $7,890 $8,179 $9,135
11/28/94 $7,830 $8,131 $9,093
11/29/94 $7,780 $8,082 $9,061
11/30/94 $7,840 $8,109 $9,090
12/1/94 $7,810 $8,093 $9,075
12/2/94 $7,910 $8,198 $9,174
12/5/94 $7,880 $8,185 $9,169
12/6/94 $7,990 $8,252 $9,238
12/7/94 $7,920 $8,214 $9,197
12/8/94 $7,930 $8,249 $9,217
12/9/94 $7,970 $8,249 $9,228
12/12/94 $7,910 $8,195 $9,175
12/13/94 $7,970 $8,249 $9,232
12/14/94 $7,970 $8,241 $9,232
12/15/94 $7,960 $8,236 $9,229
12/16/94 $7,970 $8,249 $9,241
12/19/94 $7,990 $8,265 $9,258
12/20/94 $7,970 $8,265 $9,257
12/21/94 $7,990 $8,254 $9,262
12/22/94 $7,960 $8,252 $9,254
12/23/94 $8,000 $8,271 $9,276
12/27/94 $8,070 $8,341 $9,345
12/28/94 $7,990 $8,265 $9,285
12/29/94 $7,960 $8,263 $9,275
12/30/94 $7,930 $8,228 $9,248
1/3/95 $7,880 $8,187 $9,216
1/4/95 $7,970 $8,249 $9,278
1/5/95 $7,900 $8,217 $9,255
1/6/95 $7,950 $8,238 $9,267
1/9/95 $7,910 $8,217 $9,256
1/10/95 $7,950 $8,241 $9,278
1/11/95 $7,960 $8,273 $9,309
1/12/95 $7,940 $8,225 $9,273
1/13/95 $8,030 $8,287 $9,359
1/17/95 $8,050 $8,330 $9,378
1/18/95 $8,060 $8,322 $9,380
1/19/95 $8,010 $8,287 $9,337
1/20/95 $7,930 $8,214 $9,286
1/23/95 $7,930 $8,195 $9,277
1/24/95 $7,910 $8,185 $9,267
1/25/95 $7,970 $8,238 $9,321
1/26/95 $8,000 $8,265 $9,355
1/27/95 $8,110 $8,373 $9,460
1/30/95 $8,100 $8,338 $9,445
1/31/95 $8,140 $8,402 $9,496
2/1/95 $8,110 $8,351 $9,455
2/2/95 $8,100 $8,365 $9,459
2/3/95 $8,280 $8,467 $9,572
2/6/95 $8,240 $8,445 $9,567
2/7/95 $8,230 $8,456 $9,572
2/8/95 $8,210 $8,445 $9,569
2/9/95 $8,180 $8,410 $9,538
2/10/95 $8,130 $8,410 $9,512
2/13/95 $8,140 $8,386 $9,517
2/14/95 $8,220 $8,454 $9,580
2/15/95 $8,260 $8,483 $9,636
2/16/95 $8,260 $8,486 $9,634
2/17/95 $8,240 $8,467 $9,610
2/21/95 $8,210 $8,449 $9,591
2/22/95 $8,300 $8,509 $9,668
2/23/95 $8,270 $8,517 $9,662
2/24/95 $8,290 $8,528 $9,676
2/27/95 $8,340 $8,589 $9,738
2/28/95 $8,380 $8,610 $9,769
3/1/95 $8,380 $8,610 $9,761
3/2/95 $8,330 $8,570 $9,716
3/3/95 $8,260 $8,515 $9,664
3/6/95 $8,220 $8,465 $9,627
3/7/95 $8,150 $8,430 $9,603
3/8/95 $8,240 $8,515 $9,681
3/9/95 $8,280 $8,541 $9,721
3/10/95 $8,350 $8,591 $9,767
3/13/95 $8,370 $8,596 $9,792
3/14/95 $8,490 $8,694 $9,875
3/15/95 $8,480 $8,691 $9,886
3/16/95 $8,490 $8,689 $9,870
3/17/95 $8,460 $8,689 $9,874
3/20/95 $8,430 $8,662 $9,851
3/21/95 $8,410 $8,610 $9,791
3/22/95 $8,360 $8,610 $9,790
3/23/95 $8,350 $8,610 $9,800
3/24/95 $8,460 $8,694 $9,890
3/27/95 $8,510 $8,741 $9,929
3/28/95 $8,420 $8,662 $9,862
3/29/95 $8,420 $8,681 $9,886
3/30/95 $8,410 $8,644 $9,851
3/31/95 $8,400 $8,620 $9,832
4/3/95 $8,450 $8,662 $9,889
4/4/95 $8,470 $8,683 $9,900
4/5/95 $8,470 $8,691 $9,917
4/6/95 $8,500 $8,710 $9,942
4/7/95 $8,450 $8,657 $9,902
4/10/95 $8,450 $8,662 $9,897
4/11/95 $8,460 $8,683 $9,926
4/12/95 $8,470 $8,702 $9,951
4/13/95 $8,520 $8,723 $9,969
4/17/95 $8,450 $8,681 $9,942
4/18/95 $8,440 $8,660 $9,932
4/19/95 $8,470 $8,694 $9,961
4/20/95 $8,490 $8,720 $9,983
4/21/95 $8,520 $8,723 $9,996
4/24/95 $8,550 $8,755 $10,025
4/25/95 $8,530 $8,736 $10,021
4/26/95 $8,540 $8,739 $10,022
4/27/95 $8,530 $8,728 $10,007
4/28/95 $8,520 $8,723 $10,007
5/1/95 $8,510 $8,715 $10,000
5/2/95 $8,540 $8,747 $10,037
5/3/95 $8,630 $8,823 $10,109
5/4/95 $8,760 $8,910 $10,192
5/5/95 $8,930 $9,068 $10,348
5/8/95 $8,920 $9,050 $10,345
5/9/95 $9,010 $9,142 $10,431
5/10/95 $8,970 $9,142 $10,372
5/11/95 $8,990 $9,094 $10,370
5/12/95 $8,980 $9,089 $10,390
5/15/95 $9,040 $9,145 $10,448
5/16/95 $9,130 $9,237 $10,536
5/17/95 $9,140 $9,239 $10,532
5/18/95 $9,070 $9,218 $10,499
5/19/95 $9,080 $9,168 $10,480
5/22/95 $9,060 $9,179 $10,480
5/23/95 $9,130 $9,234 $10,543
5/24/95 $9,280 $9,379 $10,678
5/25/95 $9,310 $9,403 $10,707
5/26/95 $9,300 $9,363 $10,680
5/30/95 $9,410 $9,471 $10,790
5/31/95 $9,410 $9,482 $10,797
6/1/95 $9,500 $9,537 $10,838
6/2/95 $9,620 $9,627 $10,946
6/5/95 $9,630 $9,645 $10,970
6/6/95 $9,630 $9,656 $10,978
6/7/95 $9,610 $9,595 $10,919
6/8/95 $9,560 $9,550 $10,856
6/9/95 $9,350 $9,398 $10,728
6/12/95 $9,370 $9,427 $10,757
6/13/95 $9,610 $9,611 $10,963
6/14/95 $9,610 $9,579 $10,928
6/15/95 $9,550 $9,537 $10,891
6/16/95 $9,550 $9,485 $10,879
6/19/95 $9,640 $9,587 $10,934
6/20/95 $9,620 $9,579 $10,919
6/21/95 $9,650 $9,619 $10,974
6/22/95 $9,770 $9,701 $11,077
6/23/95 $9,730 $9,669 $11,052
6/26/95 $9,660 $9,614 $10,994
6/27/95 $9,630 $9,600 $10,985
6/28/95 $9,710 $9,653 $11,037
6/29/95 $9,500 $9,503 $10,888
6/30/95 $9,550 $9,521 $10,910
7/3/95 $9,530 $9,506 $10,922
7/5/95 $9,590 $9,545 $10,948
7/6/95 $9,760 $9,669 $11,077
7/7/95 $9,730 $9,635 $11,070
7/10/95 $9,740 $9,653 $11,091
7/11/95 $9,640 $9,564 $11,025
7/12/95 $9,670 $9,616 $11,048
7/13/95 $9,620 $9,600 $11,047
7/14/95 $9,620 $9,545 $10,997
7/17/95 $9,500 $9,466 $10,915
7/18/95 $9,420 $9,345 $10,850
7/19/95 $9,220 $9,232 $10,683
7/20/95 $9,250 $9,237 $10,697
7/21/95 $9,120 $9,121 $10,598
7/24/95 $9,210 $9,229 $10,674
7/25/95 $9,270 $9,284 $10,740
7/26/95 $9,210 $9,213 $10,685
7/27/95 $9,290 $9,271 $10,746
7/28/95 $9,200 $9,192 $10,681
7/31/95 $9,260 $9,263 $10,732
8/1/95 $9,180 $9,192 $10,667
8/2/95 $9,260 $9,247 $10,733
8/3/95 $9,170 $9,163 $10,665
8/4/95 $9,210 $9,181 $10,688
8/7/95 $9,230 $9,208 $10,713
8/8/95 $9,230 $9,210 $10,721
8/9/95 $9,190 $9,176 $10,685
8/10/95 $9,130 $9,137 $10,653
8/11/95 $9,022 $9,031 $10,559
8/14/95 $9,055 $9,060 $10,575
8/15/95 $9,106 $9,125 $10,623
8/16/95 $9,147 $9,137 $10,656
8/17/95 $9,138 $9,120 $10,651
8/18/95 $9,142 $9,120 $10,646
8/21/95 $9,183 $9,151 $10,698
8/22/95 $9,144 $9,131 $10,667
8/23/95 $9,135 $9,105 $10,644
8/24/95 $9,247 $9,220 $10,735
8/25/95 $9,410 $9,348 $10,866
8/28/95 $9,422 $9,351 $10,887
8/29/95 $9,423 $9,343 $10,874
8/30/95 $9,444 $9,357 $10,901
8/31/95 $9,515 $9,414 $10,957
9/1/95 $9,590 $9,463 $11,006
9/5/95 $9,651 $9,514 $11,064
9/6/95 $9,632 $9,488 $11,056
9/7/95 $9,603 $9,477 $11,030
9/8/95 $9,593 $9,491 $11,027
9/11/95 $9,594 $9,483 $11,024
9/12/95 $9,726 $9,591 $11,104
9/13/95 $9,696 $9,574 $11,072
9/14/95 $9,808 $9,646 $11,154
9/15/95 $9,780 $9,626 $11,145
9/18/95 $9,680 $9,554 $11,078
9/19/95 $9,742 $9,611 $11,120
9/20/95 $9,793 $9,634 $11,168
9/21/95 $9,622 $9,526 $11,055
9/22/95 $9,605 $9,491 $11,026
9/25/95 $9,606 $9,497 $11,033
9/26/95 $9,607 $9,508 $11,026
9/27/95 $9,597 $9,500 $11,016
9/28/95 $9,598 $9,491 $11,021
9/29/95 $9,762 $9,589 $11,146
10/2/95 $9,762 $9,634 $11,166
10/3/95 $9,793 $9,657 $11,199
10/4/95 $9,845 $9,680 $11,247
10/5/95 $9,855 $9,694 $11,265
10/6/95 $9,859 $9,700 $11,280
10/10/95 $9,860 $9,671 $11,291
10/11/95 $9,860 $9,677 $11,285
10/12/95 $9,922 $9,737 $11,324
10/13/95 $10,096 $9,843 $11,470
10/16/95 $10,046 $9,843 $11,447
10/17/95 $10,077 $9,875 $11,463
10/18/95 $10,039 $9,814 $11,444
10/19/95 $10,061 $9,840 $11,465
10/20/95 $9,996 $9,774 $11,402
10/23/95 $9,958 $9,732 $11,385
10/24/95 $10,040 $9,823 $11,460
10/25/95 $10,052 $9,829 $11,470
10/26/95 $9,943 $9,726 $11,397
10/27/95 $10,009 $9,777 $11,431
10/30/95 $10,001 $9,783 $11,445
10/31/95 $10,043 $9,812 $11,474
11/1/95 $10,106 $9,857 $11,517
11/2/95 $10,169 $9,923 $11,571
11/3/95 $10,131 $9,877 $11,558
11/6/95 $10,111 $9,857 $11,544
11/7/95 $10,073 $9,840 $11,517
11/8/95 $10,176 $9,915 $11,595
11/9/95 $10,117 $9,872 $11,541
11/10/95 $10,042 $9,803 $11,491
11/13/95 $10,125 $9,877 $11,491
11/14/95 $10,107 $9,866 $11,471
11/15/95 $10,089 $9,860 $11,441
11/16/95 $10,192 $9,949 $11,511
11/17/95 $10,208 $9,940 $11,526
11/20/95 $10,179 $9,920 $11,509
11/21/95 $10,131 $9,889 $11,477
11/22/95 $10,135 $9,880 $11,476
11/24/95 $10,191 $9,915 $11,521
11/27/95 $10,224 $9,949 $11,570
11/28/95 $10,216 $9,940 $11,551
11/29/95 $10,258 $9,986 $11,591
11/30/95 $10,382 $10,075 $11,701
12/1/95 $10,437 $10,138 $11,742
12/4/95 $10,581 $10,215 $11,868
12/5/95 $10,542 $10,198 $11,832
12/6/95 $10,544 $10,206 $11,823
12/7/95 $10,485 $10,149 $11,789
12/8/95 $10,511 $10,181 $11,807
12/11/95 $10,544 $10,192 $11,835
12/12/95 $10,526 $10,183 $11,825
12/13/95 $10,497 $10,140 $11,801
12/14/95 $10,468 $10,138 $11,794
12/15/95 $10,463 $10,118 $11,787
12/18/95 $10,292 $9,983 $11,671
12/19/95 $10,426 $10,100 $11,765
12/20/95 $10,418 $10,078 $11,773
12/21/95 $10,430 $10,126 $11,777
12/22/95 $10,529 $10,166 $11,863
12/26/95 $10,551 $10,198 $11,878
12/27/95 $10,594 $10,243 $11,919
12/28/95 $10,647 $10,275 $11,965
12/29/95 $10,703 $10,326 $12,014
1/2/96 $10,684 $10,298 $12,006
1/3/96 $10,703 $10,312 $12,023
1/4/96 $10,602 $10,209 $11,934
1/5/96 $10,735 $10,189 $11,905
1/8/96 $10,736 $10,183 $11,926
1/9/96 $10,735 $10,192 $11,893
1/10/96 $10,559 $10,000 $11,758
1/11/96 $10,560 $10,052 $11,774
1/12/96 $10,584 $10,032 $11,771
1/16/96 $10,699 $10,175 $11,881
1/17/96 $10,836 $10,232 $11,994
1/18/96 $10,878 $10,272 $12,025
1/19/96 $10,892 $10,283 $12,047
1/22/96 $10,767 $10,189 $11,954
1/23/96 $10,706 $10,118 $11,908
1/24/96 $10,821 $10,198 $11,979
1/25/96 $10,676 $10,095 $11,872
1/26/96 $10,783 $10,192 $11,943
1/29/96 $10,711 $10,123 $11,911
1/30/96 $10,795 $10,201 $11,984
1/31/96 $10,817 $10,212 $12,011
2/1/96 $10,726 $10,149 $11,954
2/2/96 $10,614 $10,029 $11,874
2/5/96 $10,615 $10,040 $11,880
2/6/96 $10,636 $10,072 $11,903
2/7/96 $10,627 $10,040 $11,889
2/8/96 $10,607 $10,049 $11,866
2/9/96 $10,620 $10,040 $11,872
2/12/96 $10,715 $10,132 $11,964
2/13/96 $10,737 $10,138 $11,988
2/14/96 $10,654 $10,053 $11,926
2/15/96 $10,519 $9,948 $11,836
2/16/96 $10,408 $9,871 $11,755
2/20/96 $10,138 $9,645 $11,531
2/21/96 $10,149 $9,674 $11,546
2/22/96 $10,201 $9,715 $11,590
2/23/96 $10,090 $9,629 $11,507
2/26/96 $10,049 $9,569 $11,469
2/27/96 $10,019 $9,547 $11,440
2/28/96 $9,988 $9,540 $11,438
2/29/96 $10,010 $9,550 $11,424
3/1/96 $10,149 $9,677 $11,553
3/4/96 $10,224 $9,668 $11,606
3/5/96 $10,142 $9,661 $11,545
3/6/96 $10,059 $9,582 $11,470
3/7/96 $10,029 $9,559 $11,450
3/8/96 $9,623 $9,222 $11,127
3/11/96 $9,782 $9,349 $11,230
3/12/96 $9,729 $9,317 $11,192
3/13/96 $9,699 $9,292 $11,171
3/14/96 $9,689 $9,282 $11,169
3/15/96 $9,609 $9,222 $11,094
3/18/96 $9,641 $9,241 $11,127
3/19/96 $9,653 $9,254 $11,142
3/20/96 $9,748 $9,330 $11,202
3/21/96 $9,812 $9,375 $11,248
3/22/96 $9,763 $9,327 $11,218
3/25/96 $9,880 $9,426 $11,306
3/26/96 $9,860 $9,400 $11,305
3/27/96 $9,714 $9,282 $11,196
3/28/96 $9,631 $9,225 $11,108
3/29/96 $9,739 $9,308 $11,200
4/1/96 $9,762 $9,324 $11,224
4/2/96 $9,826 $9,372 $11,275
4/3/96 $9,795 $9,346 $11,255
4/4/96 $9,744 $9,311 $11,214
4/5/96 $9,485 $9,098 $11,018
4/8/96 $9,424 $9,044 $10,962
4/9/96 $9,488 $9,095 $11,004
4/10/96 $9,388 $9,009 $10,933
4/11/96 $9,352 $8,987 $10,889
4/12/96 $9,562 $9,139 $11,055
4/15/96 $9,609 $9,168 $11,099
4/16/96 $9,615 $9,171 $11,113
4/17/96 $9,577 $9,142 $11,062
4/18/96 $9,527 $9,104 $11,021
4/19/96 $9,609 $9,158 $11,066
4/22/96 $9,674 $9,212 $11,126
4/23/96 $9,634 $9,171 $11,106
4/24/96 $9,574 $9,127 $11,062
4/25/96 $9,587 $9,128 $11,057
4/26/96 $9,647 $9,165 $11,106
4/29/96 $9,575 $9,107 $11,069
4/30/96 $9,504 $9,050 $11,007
5/1/96 $9,475 $9,018 $10,995
5/2/96 $9,287 $8,866 $10,843
5/3/96 $9,191 $8,783 $10,767
5/6/96 $9,257 $8,835 $10,817
5/7/96 $9,239 $8,821 $10,801
5/8/96 $9,359 $8,918 $10,882
5/9/96 $9,330 $8,893 $10,882
5/10/96 $9,466 $8,994 $10,971
5/13/96 $9,501 $9,025 $11,012
5/14/96 $9,578 $9,085 $11,072
5/15/96 $9,592 $9,095 $11,078
5/16/96 $9,521 $9,028 $11,004
5/17/96 $9,615 $9,104 $11,083
5/20/96 $9,650 $9,130 $11,113
5/21/96 $9,600 $9,088 $11,092
5/22/96 $9,667 $9,130 $11,134
5/23/96 $9,574 $9,058 $11,068
5/24/96 $9,651 $9,101 $11,115
5/28/96 $9,630 $9,085 $11,120
5/29/96 $9,503 $8,979 $11,022
5/30/96 $9,535 $9,007 $11,046
5/31/96 $9,419 $8,907 $10,959
6/3/96 $9,409 $8,902 $10,940
6/4/96 $9,420 $8,917 $10,961
6/5/96 $9,495 $8,969 $11,016
6/6/96 $9,559 $9,031 $11,085
6/7/96 $9,347 $8,854 $10,924
6/10/96 $9,304 $8,815 $10,875
6/11/96 $9,241 $8,765 $10,826
6/12/96 $9,198 $8,722 $10,788
6/13/96 $9,220 $8,741 $10,820
6/14/96 $9,307 $8,810 $10,888
6/17/96 $9,350 $8,847 $10,941
6/18/96 $9,318 $8,811 $10,916
6/19/96 $9,297 $8,794 $10,889
6/20/96 $9,287 $8,789 $10,893
6/21/96 $9,310 $8,799 $10,919
6/24/96 $9,332 $8,823 $10,940
6/25/96 $9,375 $8,856 $10,981
6/26/96 $9,386 $8,862 $11,000
6/27/96 $9,472 $8,934 $11,065
6/28/96 $9,590 $9,028 $11,189
7/1/96 $9,590 $9,025 $11,196
7/2/96 $9,526 $8,977 $11,151
7/3/96 $9,548 $8,988 $11,159
7/5/96 $9,196 $8,706 $10,885
7/8/96 $9,196 $8,706 $10,887
7/9/96 $9,260 $8,753 $10,935
7/10/96 $9,324 $8,811 $10,991
7/11/96 $9,357 $8,837 $11,032
7/12/96 $9,443 $8,901 $11,089
7/15/96 $9,368 $8,840 $11,043
7/16/96 $9,443 $8,905 $11,098
7/17/96 $9,433 $8,897 $11,099
7/18/96 $9,583 $9,018 $11,223
7/19/96 $9,497 $8,945 $11,164
7/22/96 $9,444 $8,902 $11,124
7/23/96 $9,508 $8,950 $11,174
7/24/96 $9,391 $8,862 $11,107
7/25/96 $9,423 $8,893 $11,109
7/26/96 $9,434 $8,904 $11,125
7/29/96 $9,338 $8,816 $11,055
7/30/96 $9,403 $8,869 $11,108
7/31/96 $9,499 $8,950 $11,195
8/1/96 $9,692 $9,111 $11,350
8/2/96 $9,842 $9,228 $11,478
8/5/96 $9,821 $9,209 $11,468
8/6/96 $9,800 $9,190 $11,453
8/7/96 $9,778 $9,179 $11,443
8/8/96 $9,746 $9,150 $11,419
8/9/96 $9,854 $9,235 $11,347
8/12/96 $9,854 $9,238 $11,511
8/13/96 $9,715 $9,127 $11,430
8/14/96 $9,726 $9,130 $11,414
8/15/96 $9,673 $9,098 $11,370
8/16/96 $9,727 $9,152 $11,427
8/19/96 $9,695 $9,115 $11,402
8/20/96 $9,684 $9,107 $11,394
8/21/96 $9,641 $9,075 $11,364
8/22/96 $9,642 $9,068 $11,356
8/23/96 $9,514 $8,969 $11,261
8/26/96 $9,407 $8,886 $11,176
8/27/96 $9,450 $8,920 $11,209
8/28/96 $9,429 $8,903 $11,194
8/29/96 $9,332 $8,832 $11,142
8/30/96 $9,237 $8,748 $11,050
9/3/96 $9,312 $8,811 $11,111
9/4/96 $9,260 $8,768 $11,083
9/5/96 $9,208 $8,723 $11,025
9/6/96 $9,256 $8,760 $11,055
9/9/96 $9,300 $8,797 $11,116
9/10/96 $9,249 $8,744 $11,064
9/11/96 $9,250 $8,756 $11,070
9/12/96 $9,306 $8,801 $11,124
9/13/96 $9,482 $8,938 $11,271
9/16/96 $9,505 $8,949 $11,292
9/17/96 $9,421 $8,889 $11,221
9/18/96 $9,391 $8,857 $11,207
9/19/96 $9,349 $8,820 $11,170
9/20/96 $9,376 $8,837 $11,180
9/23/96 $9,410 $8,859 $11,213
9/24/96 $9,476 $8,912 $11,252
9/25/96 $9,542 $8,962 $11,331
9/26/96 $9,608 $9,019 $11,405
9/27/96 $9,582 $8,992 $11,377
9/30/96 $9,551 $8,963 $11,353
10/1/96 $9,639 $9,028 $11,424
10/2/96 $9,673 $9,055 $11,473
10/3/96 $9,675 $9,058 $11,480
10/4/96 $9,842 $9,187 $11,611
10/7/96 $9,780 $9,134 $11,575
10/8/96 $9,760 $9,115 $11,557
10/9/96 $9,708 $9,075 $11,520
10/10/96 $9,645 $9,018 $11,454
10/11/96 $9,705 $9,058 $11,502
10/14/96 $9,707 $9,058 $11,502
10/15/96 $9,698 $9,052 $11,511
10/16/96 $9,689 $9,042 $11,497
10/17/96 $9,777 $9,109 $11,571
10/18/96 $9,804 $9,124 $11,594
10/21/96 $9,774 $9,099 $11,582
10/22/96 $9,711 $9,051 $11,537
10/23/96 $9,734 $9,068 $11,551
10/24/96 $9,715 $9,046 $11,543
10/25/96 $9,774 $9,094 $11,576
10/28/96 $9,755 $9,075 $11,575
10/29/96 $9,962 $9,237 $11,742
10/30/96 $9,964 $9,236 $11,758
10/31/96 $10,020 $9,276 $11,801
11/1/96 $9,993 $9,256 $11,778
11/4/96 $10,017 $9,276 $11,803
11/5/96 $10,116 $9,346 $11,893
11/6/96 $10,107 $9,336 $11,880
11/7/96 $10,196 $9,407 $11,953
11/8/96 $10,169 $9,386 $11,930
11/12/96 $10,279 $9,465 $12,019
11/13/96 $10,251 $9,448 $12,010
11/14/96 $10,318 $9,480 $12,064
11/15/96 $10,270 $9,442 $12,038
11/18/96 $10,262 $9,436 $12,027
11/19/96 $10,307 $9,466 $12,069
11/20/96 $10,364 $9,511 $12,117
11/21/96 $10,355 $9,494 $12,106
11/22/96 $10,317 $9,469 $12,079
11/25/96 $10,352 $9,495 $12,112
11/26/96 $10,332 $9,477 $12,105
11/27/96 $10,314 $9,452 $12,091
11/29/96 $10,528 $9,557 $12,191
12/2/96 $10,530 $9,558 $12,192
12/3/96 $10,544 $9,571 $12,208
12/4/96 $10,480 $9,517 $12,151
12/5/96 $10,317 $9,392 $12,024
12/6/96 $10,290 $9,372 $11,983
12/9/96 $10,347 $9,410 $12,058
12/10/96 $10,338 $9,404 $12,048
12/11/96 $10,164 $9,260 $11,902
12/12/96 $10,100 $9,216 $11,853
12/13/96 $10,216 $9,298 $11,929
12/16/96 $10,130 $9,228 $11,888
12/17/96 $10,099 $9,200 $11,839
12/18/96 $10,046 $9,158 $11,810
12/19/96 $10,191 $9,266 $11,927
12/20/96 $10,208 $9,278 $11,951
12/23/96 $10,232 $9,300 $11,963
12/24/96 $10,225 $9,287 $11,969
12/26/96 $10,216 $9,278 $11,961
12/27/96 $10,310 $9,345 $12,025
12/30/96 $10,312 $9,348 $12,030
12/31/96 $10,135 $9,210 $11,905
1/2/97 $9,972 $9,089 $11,651
1/3/97 $10,000 $9,099 $11,666
1/6/97 $9,957 $9,064 $11,642
1/7/97 $9,893 $9,017 $11,600
1/8/97 $9,884 $9,011 $11,581
1/9/97 $9,974 $9,071 $11,644
1/10/97 $9,836 $8,964 $11,550
1/13/97 $9,849 $8,967 $11,560
1/14/97 $9,973 $9,070 $11,655
1/15/97 $9,941 $9,037 $11,648
1/16/97 $9,877 $8,981 $11,580
1/17/97 $9,907 $8,996 $11,616
1/21/97 $9,964 $9,045 $11,668
1/22/97 $9,922 $9,011 $11,632
1/23/97 $9,879 $8,973 $11,612
1/24/97 $9,819 $8,920 $11,559
1/27/97 $9,754 $8,867 $11,506
1/28/97 $9,800 $8,907 $11,575
1/29/97 $9,824 $8,920 $11,556
1/30/97 $9,859 $8,942 $11,588
1/31/97 $9,976 $9,036 $11,684
2/3/97 $10,067 $9,108 $11,760
2/4/97 $10,091 $9,128 $11,786
2/5/97 $10,048 $9,087 $11,765
2/6/97 $10,039 $9,072 $11,753
2/7/97 $10,123 $9,143 $11,815
2/10/97 $10,114 $9,128 $11,826
2/11/97 $10,127 $9,137 $11,825
2/12/97 $10,117 $9,133 $11,820
2/13/97 $10,253 $9,234 $11,922
2/14/97 $10,306 $9,266 $11,986
2/18/97 $10,308 $9,260 $11,976
2/19/97 $10,265 $9,222 $11,955
2/20/97 $10,178 $9,154 $11,896
2/21/97 $10,173 $9,143 $11,882
2/24/97 $10,142 $9,116 $11,862
2/25/97 $10,144 $9,126 $11,863
2/26/97 $9,923 $8,960 $11,692
2/27/97 $9,903 $8,943 $11,671
2/28/97 $9,931 $8,954 $11,684
3/3/97 $9,888 $8,918 $11,658
3/4/97 $9,845 $8,887 $11,628
3/5/97 $9,870 $8,908 $11,640
3/6/97 $9,804 $8,854 $11,605
3/7/97 $9,899 $8,921 $11,669
3/10/97 $9,901 $8,920 $11,676
3/11/97 $9,881 $8,903 $11,663
3/12/97 $9,838 $8,868 $11,624
3/13/97 $9,695 $8,762 $11,499
3/14/97 $9,734 $8,785 $11,536
3/17/97 $9,736 $8,777 $11,529
3/18/97 $9,737 $8,777 $11,522
3/19/97 $9,695 $8,738 $11,502
3/20/97 $9,742 $8,771 $11,530
3/21/97 $9,747 $8,777 $11,538
3/24/97 $9,783 $8,795 $11,571
3/25/97 $9,740 $8,768 $11,571
3/26/97 $9,708 $8,734 $11,518
3/27/97 $9,592 $8,648 $11,422
3/31/97 $9,560 $8,622 $11,398
4/1/97 $9,585 $8,635 $11,415
4/2/97 $9,598 $8,638 $11,434
4/3/97 $9,611 $8,654 $11,445
4/4/97 $9,526 $8,576 $11,378
4/7/97 $9,618 $8,648 $11,442
4/8/97 $9,575 $8,608 $11,421
4/9/97 $9,566 $8,605 $11,425
4/10/97 $9,567 $8,608 $11,423
4/11/97 $9,505 $8,553 $11,353
4/14/97 $9,496 $8,546 $11,360
4/15/97 $9,610 $8,635 $11,456
4/16/97 $9,601 $8,624 $11,450
4/17/97 $9,648 $8,659 $11,491
4/18/97 $9,665 $8,668 $11,499
4/21/97 $9,610 $8,625 $11,472
4/22/97 $9,680 $8,679 $11,523
4/23/97 $9,625 $8,634 $11,487
4/24/97 $9,571 $8,591 $11,443
4/25/97 $9,554 $8,571 $11,422
4/28/97 $9,589 $8,602 $11,457
4/29/97 $9,783 $8,745 $11,732
4/30/97 $9,830 $8,781 $11,663
5/1/97 $9,877 $8,817 $11,700
5/2/97 $9,905 $8,837 $11,735
5/5/97 $9,930 $8,850 $11,754
5/6/97 $9,932 $8,851 $11,762
5/7/97 $9,917 $8,787 $11,685
5/8/97 $9,987 $8,828 $11,737
5/9/97 $10,037 $8,861 $11,775
5/12/97 $10,062 $8,878 $11,799
5/13/97 $9,983 $8,811 $11,741
5/14/97 $10,030 $8,850 $11,781
5/15/97 $10,066 $8,875 $11,808
5/16/97 $10,002 $8,828 $11,766
5/19/97 $9,992 $8,820 $11,763
5/20/97 $9,993 $8,812 $11,779
5/21/97 $9,938 $8,774 $11,710
5/22/97 $9,905 $8,745 $11,677
5/23/97 $9,911 $8,745 $11,692
5/27/97 $9,844 $8,691 $11,650
5/28/97 $9,857 $8,702 $11,655
5/29/97 $9,927 $8,752 $11,712
5/30/97 $10,023 $8,822 $11,798
6/2/97 $10,048 $8,842 $11,822
6/3/97 $10,084 $8,868 $11,862
6/4/97 $10,086 $8,865 $11,861
6/5/97 $10,076 $8,858 $11,860
6/6/97 $10,240 $8,980 $11,999
6/9/97 $10,162 $8,918 $11,936
6/10/97 $10,152 $8,910 $11,919
6/11/97 $10,176 $8,927 $11,936
6/12/97 $10,269 $8,997 $12,018
6/13/97 $10,342 $9,047 $12,073
6/16/97 $10,367 $9,069 $12,109
6/17/97 $10,345 $9,049 $12,088
6/18/97 $10,392 $9,081 $12,121
6/19/97 $10,405 $9,096 $12,129
6/20/97 $10,444 $9,123 $12,169
6/23/97 $10,401 $9,081 $12,136
6/24/97 $10,390 $9,076 $12,133
6/25/97 $10,335 $9,003 $12,090
6/26/97 $10,256 $8,974 $12,029
6/27/97 $10,329 $9,020 $12,080
6/30/97 $10,238 $8,957 $12,026
7/1/97 $10,332 $9,023 $12,095
7/2/97 $10,379 $9,057 $12,138
7/3/97 $10,523 $9,157 $12,259
7/7/97 $10,605 $9,216 $12,325
7/8/97 $10,595 $9,204 $12,324
7/9/97 $10,642 $9,247 $12,367
7/10/97 $10,621 $9,230 $12,359
7/11/97 $10,682 $9,275 $12,411
7/14/97 $10,649 $9,249 $12,381
7/15/97 $10,651 $9,249 $12,383
7/16/97 $10,767 $9,335 $12,467
7/17/97 $10,757 $9,328 $12,466
7/18/97 $10,693 $9,277 $12,418
7/21/97 $10,659 $9,250 $12,395
7/22/97 $10,857 $9,392 $12,532
7/23/97 $10,881 $9,409 $12,560
7/24/97 $10,860 $9,396 $12,552
7/25/97 $10,817 $9,363 $12,523
7/28/97 $10,900 $9,418 $12,582
7/29/97 $10,959 $9,459 $12,633
7/30/97 $11,029 $9,512 $12,693
7/31/97 $11,088 $9,558 $12,739
8/1/97 $10,816 $9,352 $12,517
8/4/97 $10,794 $9,333 $12,511
8/5/97 $10,772 $9,315 $12,497
8/6/97 $10,797 $9,338 $12,516
8/7/97 $10,729 $9,280 $12,477
8/8/97 $10,491 $9,100 $12,311
8/11/97 $10,504 $9,106 $12,295
8/12/97 $10,470 $9,075 $12,265
8/13/97 $10,507 $9,109 $12,298
8/14/97 $10,612 $9,199 $12,423
8/15/97 $10,616 $9,197 $12,404
8/18/97 $10,687 $9,237 $12,460
8/19/97 $10,700 $9,247 $12,483
8/20/97 $10,667 $9,228 $12,449
8/21/97 $10,565 $9,149 $12,372
8/22/97 $10,453 $9,062 $12,289
8/25/97 $10,455 $9,063 $12,291
8/26/97 $10,479 $9,081 $12,307
8/27/97 $10,481 $9,082 $12,318
8/28/97 $10,621 $9,181 $12,419
8/29/97 $10,569 $9,143 $12,377
9/2/97 $10,617 $9,178 $12,431
9/3/97 $10,595 $9,154 $12,408
9/4/97 $10,573 $9,140 $12,406
9/5/97 $10,521 $9,094 $12,363
9/8/97 $10,580 $9,135 $12,403
9/9/97 $10,558 $9,124 $12,393
9/10/97 $10,513 $9,084 $12,365
9/11/97 $10,468 $9,051 $12,332
9/12/97 $10,623 $9,163 $12,449
9/15/97 $10,636 $9,172 $12,472
9/16/97 $10,916 $9,381 $12,696
9/17/97 $10,964 $9,411 $12,732
9/18/97 $10,954 $9,403 $12,729
9/19/97 $10,990 $9,428 $12,748
9/22/97 $11,027 $9,452 $12,794
9/23/97 $10,959 $9,408 $12,747
9/24/97 $11,076 $9,490 $12,823
9/25/97 $10,938 $9,387 $12,730
9/26/97 $11,012 $9,440 $12,773
9/29/97 $10,990 $9,420 $12,760
9/30/97 $10,933 $9,372 $12,725
10/1/97 $11,086 $9,490 $12,840
10/2/97 $11,111 $9,505 $12,887
10/3/97 $11,126 $9,508 $12,877
10/6/97 $11,198 $9,558 $12,945
10/7/97 $11,246 $9,596 $12,985
10/8/97 $11,014 $9,428 $12,812
10/9/97 $11,004 $9,417 $12,800
10/10/97 $10,903 $9,346 $12,723
10/13/97 $10,905 $9,343 $12,723
10/14/97 $11,034 $9,443 $12,825
10/15/97 $10,977 $9,397 $12,786
10/16/97 $10,979 $9,396 $12,786
10/17/97 $10,890 $9,337 $12,715
10/20/97 $10,938 $9,368 $12,744
10/21/97 $10,939 $9,372 $12,749
10/22/97 $10,953 $9,381 $12,765
10/23/97 $11,106 $9,492 $12,884
10/24/97 $11,169 $9,528 $12,916
10/27/97 $11,263 $9,599 $13,040
10/28/97 $11,160 $9,523 $12,953
10/29/97 $11,289 $9,629 $13,054
10/30/97 $11,372 $9,692 $13,127
10/31/97 $11,411 $9,717 $13,149
11/3/97 $11,307 $9,632 $13,073
11/4/97 $11,238 $9,587 $13,023
11/5/97 $11,251 $9,592 $13,035
11/6/97 $11,346 $9,661 $13,116
11/7/97 $11,362 $9,670 $13,125
11/10/97 $11,340 $9,655 $13,125
11/11/97 $11,388 $9,696 $13,125
11/12/97 $11,390 $9,690 $13,153
11/13/97 $11,414 $9,705 $13,182
11/14/97 $11,454 $9,732 $13,197
11/17/97 $11,478 $9,751 $13,227
11/18/97 $11,480 $9,749 $13,234
11/19/97 $11,563 $9,808 $13,299
11/20/97 $11,517 $9,767 $13,279
11/21/97 $11,568 $9,787 $13,298
11/24/97 $11,476 $9,727 $13,247
11/25/97 $11,524 $9,752 $13,281
11/26/97 $11,539 $9,787 $13,286
11/28/97 $11,543 $9,772 $13,322
12/1/97 $11,556 $9,786 $13,335
12/2/97 $11,569 $9,784 $13,345
12/3/97 $11,582 $9,799 $13,371
12/4/97 $11,560 $9,778 $13,350
12/5/97 $11,482 $9,721 $13,281
12/8/97 $11,378 $9,642 $13,210
12/9/97 $11,391 $9,648 $13,221
12/10/97 $11,463 $9,706 $13,271
12/11/97 $11,605 $9,807 $13,376
12/12/97 $11,762 $9,918 $13,493
12/15/97 $11,693 $9,872 $13,445
12/16/97 $11,718 $9,888 $13,468
12/17/97 $11,672 $9,849 $13,423
12/18/97 $11,756 $9,911 $13,489
12/19/97 $11,830 $9,961 $13,544
12/22/97 $11,855 $9,982 $13,574
12/23/97 $11,857 $9,983 $13,577
12/24/97 $11,836 $9,964 $13,567
12/26/97 $11,840 $9,959 $13,563
12/29/97 $11,806 $9,944 $13,550
12/30/97 $11,701 $9,861 $13,478
12/31/97 $11,797 $9,929 $13,547
1/2/98 $11,953 $10,038 $13,668
1/5/98 $12,179 $10,198 $13,852
1/6/98 $12,204 $10,217 $13,860
1/7/98 $12,076 $10,122 $13,766
1/8/98 $12,160 $10,178 $13,845
1/9/98 $12,258 $10,245 $13,933
1/12/98 $12,283 $10,258 $13,950
1/13/98 $12,249 $10,234 $13,942
1/14/98 $12,192 $10,195 $13,893
1/15/98 $12,169 $10,174 $13,886
1/16/98 $12,067 $10,109 $13,804
1/20/98 $12,010 $10,062 $13,768
1/21/98 $12,070 $10,104 $13,801
1/22/98 $11,977 $10,033 $13,749
1/23/98 $11,734 $9,866 $13,555
1/26/98 $11,900 $9,980 $13,675
1/27/98 $11,795 $9,902 $13,596
1/28/98 $11,808 $9,911 $13,612
1/29/98 $11,998 $10,045 $13,757
1/30/98 $12,062 $10,089 $13,825
2/2/98 $11,969 $10,014 $13,748
2/3/98 $11,970 $10,020 $13,755
2/4/98 $11,971 $10,020 $13,744
2/5/98 $11,855 $9,932 $13,672
2/6/98 $11,870 $9,947 $13,678
2/9/98 $11,813 $9,900 $13,641
2/10/98 $11,861 $9,932 $13,668
2/11/98 $11,993 $10,029 $13,775
2/12/98 $11,958 $9,998 $13,766
2/13/98 $12,023 $10,042 $13,808
2/17/98 $12,119 $10,109 $13,886
2/18/98 $12,037 $10,047 $13,832
2/19/98 $12,015 $10,038 $13,823
2/20/98 $11,984 $10,012 $13,798
2/23/98 $11,902 $9,956 $13,743
2/24/98 $11,785 $9,872 $13,641
2/25/98 $11,881 $9,938 $13,715
2/26/98 $11,823 $9,899 $13,683
2/27/98 $11,884 $9,940 $13,722
3/2/98 $11,687 $9,795 $13,577
3/3/98 $11,617 $9,739 $13,524
3/4/98 $11,654 $9,773 $13,547
3/5/98 $11,596 $9,733 $13,516
3/6/98 $11,694 $9,799 $13,582
3/9/98 $11,803 $9,875 $13,667
3/10/98 $11,804 $9,872 $13,681
3/11/98 $11,876 $9,926 $13,732
3/12/98 $11,996 $10,012 $13,826
3/13/98 $11,953 $9,976 $13,803
3/16/98 $12,037 $10,035 $13,862
3/17/98 $11,968 $9,980 $13,819
3/18/98 $11,933 $9,959 $13,794
3/19/98 $11,935 $9,956 $13,786
3/20/98 $11,986 $9,989 $13,816
3/23/98 $11,987 $9,989 $13,829
3/24/98 $12,000 $9,995 $13,834
3/25/98 $11,883 $9,914 $13,760
3/26/98 $11,849 $9,893 $13,729
3/27/98 $11,853 $9,887 $13,714
3/30/98 $11,830 $9,856 $13,685
3/31/98 $11,927 $9,914 $13,751
4/1/98 $12,000 $9,968 $13,824
4/2/98 $12,108 $10,041 $13,905
4/3/98 $12,254 $10,137 $14,009
4/6/98 $12,161 $10,071 $13,948
4/7/98 $12,126 $10,044 $13,925
4/8/98 $12,009 $9,964 $13,839
4/9/98 $12,062 $9,994 $13,861
4/13/98 $11,944 $9,920 $13,784
4/14/98 $12,005 $9,962 $13,835
4/15/98 $12,042 $9,988 $13,869
4/16/98 $12,079 $10,007 $13,886
4/17/98 $12,059 $9,992 $13,884
4/20/98 $11,989 $9,938 $13,830
4/21/98 $11,919 $9,890 $13,778
4/22/98 $11,920 $9,888 $13,772
4/23/98 $11,886 $9,864 $13,758
4/24/98 $11,950 $9,909 $13,797
4/27/98 $11,713 $9,737 $13,623
4/28/98 $11,714 $9,739 $13,618
4/29/98 $11,703 $9,728 $13,615
4/30/98 $11,931 $9,897 $13,793
5/1/98 $11,959 $9,917 $13,819
5/4/98 $11,949 $9,908 $13,827
5/5/98 $11,902 $9,870 $13,782
5/6/98 $11,963 $9,909 $13,827
5/7/98 $11,953 $9,900 $13,825
5/8/98 $11,909 $9,867 $13,784
5/11/98 $11,767 $9,769 $13,700
5/12/98 $11,935 $9,890 $13,815
5/13/98 $11,961 $9,906 $13,838
5/14/98 $11,902 $9,861 $13,795
5/15/98 $11,930 $9,879 $13,804
5/18/98 $12,015 $9,944 $13,877
5/19/98 $11,993 $9,923 $13,861
5/20/98 $12,078 $9,980 $13,926
5/21/98 $11,995 $9,927 $13,874
5/22/98 $12,060 $9,965 $13,902
5/26/98 $12,157 $10,038 $13,980
5/27/98 $12,207 $10,069 $14,022
5/28/98 $12,196 $10,059 $14,009
5/29/98 $12,248 $10,100 $14,055
6/1/98 $12,297 $10,137 $14,104
6/2/98 $12,263 $10,113 $14,078
6/3/98 $12,252 $10,103 $14,076
6/4/98 $12,229 $10,086 $14,048
6/5/98 $12,281 $10,119 $14,086
6/8/98 $12,283 $10,116 $14,103
6/9/98 $12,272 $10,110 $14,103
6/10/98 $12,465 $10,245 $14,230
6/11/98 $12,574 $10,322 $14,329
6/12/98 $12,566 $10,315 $14,331
6/15/98 $12,675 $10,388 $14,403
6/16/98 $12,569 $10,312 $14,329
6/17/98 $12,378 $10,181 $14,182
6/18/98 $12,476 $10,254 $14,247
6/19/98 $12,516 $10,276 $14,281
6/22/98 $12,553 $10,305 $14,308
6/23/98 $12,590 $10,328 $14,342
6/24/98 $12,568 $10,309 $14,324
6/25/98 $12,569 $10,311 $14,332
6/26/98 $12,609 $10,331 $14,358
6/29/98 $12,586 $10,325 $14,351
6/30/98 $12,635 $10,355 $14,392
7/1/98 $12,625 $10,349 $14,388
7/2/98 $12,690 $10,391 $14,436
7/6/98 $12,740 $10,421 $14,480
7/7/98 $12,693 $10,394 $14,446
7/8/98 $12,646 $10,362 $14,404
7/9/98 $12,683 $10,383 $14,437
7/10/98 $12,663 $10,362 $14,413
7/13/98 $12,533 $10,273 $14,334
7/14/98 $12,462 $10,220 $14,281
7/15/98 $12,475 $10,234 $14,300
7/16/98 $12,440 $10,210 $14,267
7/17/98 $12,408 $10,178 $14,232
7/20/98 $12,481 $10,229 $14,294
7/21/98 $12,567 $10,285 $14,360
7/22/98 $12,544 $10,267 $14,352
7/23/98 $12,593 $10,303 $14,386
7/24/98 $12,549 $10,266 $14,365
7/27/98 $12,491 $10,245 $14,341
7/28/98 $12,432 $10,189 $14,295
7/29/98 $12,385 $10,146 $14,252
7/30/98 $12,459 $10,201 $14,303
7/31/98 $12,475 $10,210 $14,326
8/3/98 $12,573 $10,303 $14,420
8/4/98 $12,634 $10,325 $14,450
8/5/98 $12,600 $10,300 $14,455
8/6/98 $12,577 $10,281 $14,429
8/7/98 $12,677 $10,355 $14,503
8/10/98 $12,691 $10,358 $14,507
8/11/98 $12,752 $10,400 $14,564
8/12/98 $12,717 $10,371 $14,531
8/13/98 $12,659 $10,332 $14,486
8/14/98 $12,747 $10,391 $14,564
8/17/98 $12,724 $10,381 $14,552
8/18/98 $12,714 $10,367 $14,541
8/19/98 $12,703 $10,358 $14,533
8/20/98 $12,801 $10,438 $14,602
8/21/98 $12,902 $10,518 $14,716
8/24/98 $12,867 $10,494 $14,680
8/25/98 $12,965 $10,567 $14,750
8/26/98 $12,990 $10,577 $14,770
8/27/98 $13,076 $10,643 $14,856
8/28/98 $13,117 $10,682 $14,855
8/31/98 $13,251 $10,770 $14,980
9/1/98 $13,180 $10,719 $14,936
9/2/98 $13,169 $10,701 $14,900
9/3/98 $13,267 $10,767 $14,989
9/4/98 $13,333 $10,813 $15,001
9/8/98 $13,177 $10,697 $14,946
9/9/98 $13,348 $10,811 $15,063
9/10/98 $13,567 $10,960 $15,264
9/11/98 $13,450 $10,880 $15,179
9/14/98 $13,439 $10,876 $15,134
9/15/98 $13,380 $10,845 $15,105
9/16/98 $13,479 $10,904 $15,127
9/17/98 $13,553 $10,960 $15,231
9/18/98 $13,641 $11,018 $15,260
9/21/98 $13,679 $11,054 $15,237
9/22/98 $13,620 $10,996 $15,202
9/23/98 $13,609 $10,982 $15,263
9/24/98 $13,659 $11,017 $15,287
9/25/98 $13,712 $11,053 $15,311
9/28/98 $13,652 $11,007 $15,259
9/29/98 $13,775 $11,094 $15,290
9/30/98 $14,067 $11,304 $15,553
10/1/98 $14,286 $11,463 $15,704
10/2/98 $14,387 $11,530 $15,781
10/5/98 $14,728 $11,781 $15,937
10/6/98 $14,632 $11,713 $15,888
10/7/98 $14,428 $11,566 $15,701
10/8/98 $13,980 $11,278 $15,386
10/9/98 $13,621 $11,061 $15,096
10/12/98 $13,501 $10,976 $15,096
10/13/98 $13,660 $11,085 $15,097
10/14/98 $13,940 $11,273 $15,315
10/15/98 $13,869 $11,237 $15,243
10/16/98 $14,043 $11,330 $15,381
10/19/98 $13,983 $11,290 $15,379
10/20/98 $13,802 $11,169 $15,246
10/21/98 $13,780 $11,149 $15,222
10/22/98 $13,635 $11,048 $15,178
10/23/98 $13,542 $10,978 $15,100
10/26/98 $13,665 $11,046 $15,185
10/27/98 $13,788 $11,123 $15,352
10/28/98 $13,692 $11,048 $15,354
10/29/98 $13,791 $11,108 $15,401
10/30/98 $13,637 $11,002 $15,281
11/2/98 $13,431 $10,871 $15,126
11/3/98 $13,481 $10,901 $15,126
11/4/98 $13,240 $10,718 $14,971
11/5/98 $13,229 $10,700 $14,995
11/6/98 $13,039 $10,567 $14,884
11/9/98 $13,247 $10,708 $15,030
11/10/98 $13,261 $10,708 $15,116
11/11/98 $13,262 $10,710 $15,116
11/12/98 $13,361 $10,772 $15,160
11/13/98 $13,329 $10,747 $15,147
11/16/98 $13,306 $10,736 $15,129
11/17/98 $13,234 $10,688 $15,111
11/18/98 $13,406 $10,772 $15,145
11/19/98 $13,383 $10,766 $15,173
11/20/98 $13,449 $10,811 $15,198
11/23/98 $13,365 $10,757 $15,139
11/24/98 $13,415 $10,809 $15,168
11/25/98 $13,515 $10,867 $15,214
11/27/98 $13,568 $10,904 $15,240
11/30/98 $13,777 $11,050 $15,393
12/1/98 $13,818 $11,088 $15,441
12/2/98 $13,880 $11,137 $15,517
12/3/98 $13,894 $11,159 $15,509
12/4/98 $13,788 $11,104 $15,429
12/7/98 $13,765 $11,104 $15,386
12/8/98 $13,914 $11,189 $15,506
12/9/98 $14,001 $11,245 $15,572
12/10/98 $14,002 $11,260 $15,571
12/11/98 $13,847 $11,147 $15,468
12/14/98 $13,922 $11,199 $15,516
12/15/98 $13,801 $11,117 $15,428
12/16/98 $13,864 $11,156 $15,475
12/17/98 $13,878 $11,166 $15,498
12/18/98 $13,857 $11,146 $15,497
12/21/98 $13,724 $11,065 $15,399
12/22/98 $13,579 $10,964 $15,283
12/23/98 $13,409 $10,846 $15,165
12/24/98 $13,365 $10,816 $15,116
12/28/98 $13,489 $10,900 $15,222
12/29/98 $13,601 $10,979 $15,312
12/30/98 $13,652 $11,015 $15,376
12/31/98 $13,682 $11,035 $15,383
1/4/99 $13,536 $10,915 $15,301
1/5/99 $13,403 $10,816 $15,235
1/6/99 $13,502 $10,878 $15,303
1/7/99 $13,369 $10,794 $15,261
1/8/99 $13,251 $10,746 $15,117
1/11/99 $13,191 $10,704 $15,055
1/12/99 $13,327 $10,803 $15,140
1/13/99 $13,501 $10,925 $15,262
1/14/99 $13,698 $11,020 $15,419
1/15/99 $13,594 $10,988 $15,369
1/19/99 $13,534 $10,939 $15,300
1/20/99 $13,449 $10,885 $15,238
1/21/99 $13,537 $10,930 $15,337
1/22/99 $13,676 $11,018 $15,445
1/25/99 $13,629 $10,981 $15,424
1/26/99 $13,593 $10,956 $15,411
1/27/99 $13,595 $10,951 $15,414
1/28/99 $13,658 $10,988 $15,457
1/29/99 $13,699 $11,021 $15,509
2/1/99 $13,467 $10,860 $15,358
2/2/99 $13,333 $10,769 $15,246
2/3/99 $13,298 $10,746 $15,206
2/4/99 $13,176 $10,672 $15,131
2/5/99 $13,119 $10,618 $15,060
2/8/99 $13,084 $10,589 $15,082
2/9/99 $13,159 $10,638 $15,139
2/10/99 $13,124 $10,609 $15,141
2/11/99 $13,125 $10,606 $15,132
2/12/99 $12,787 $10,376 $14,886
2/16/99 $12,924 $10,463 $14,975
2/17/99 $13,011 $10,524 $15,046
2/18/99 $12,902 $10,450 $14,985
2/19/99 $12,882 $10,428 $14,949
2/22/99 $12,957 $10,475 $15,018
2/23/99 $12,811 $10,362 $14,933
2/24/99 $12,628 $10,239 $14,806
2/25/99 $12,432 $10,088 $14,647
2/26/99 $12,521 $10,147 $14,742
3/1/99 $12,327 $10,003 $14,583
3/2/99 $12,414 $10,063 $14,676
3/3/99 $12,293 $9,976 $14,608
3/4/99 $12,257 $9,961 $14,567
3/5/99 $12,422 $10,076 $14,666
3/8/99 $12,461 $10,008 $14,690
3/9/99 $12,586 $10,192 $14,800
3/10/99 $12,551 $10,162 $14,778
3/11/99 $12,527 $10,144 $14,757
3/12/99 $12,606 $10,194 $14,813
3/15/99 $12,670 $10,232 $14,868
3/16/99 $12,745 $10,287 $14,937
3/17/99 $12,673 $10,239 $14,899
3/18/99 $12,699 $10,260 $14,908
3/19/99 $12,592 $10,182 $14,857
3/22/99 $12,532 $10,139 $14,762
3/23/99 $12,559 $10,151 $14,771
3/24/99 $12,622 $10,194 $14,828
3/25/99 $12,500 $10,111 $14,769
3/26/99 $12,480 $10,089 $14,734
3/29/99 $12,395 $10,029 $14,665
3/30/99 $12,532 $10,121 $14,772
3/31/99 $12,447 $10,056 $14,709
4/1/99 $12,337 $9,978 $14,650
4/2/99 $12,491 $10,093 $14,702
4/5/99 $12,517 $10,099 $14,829
4/6/99 $12,680 $10,209 $14,963
4/7/99 $12,706 $10,229 $14,957
4/8/99 $12,869 $10,338 $15,116
4/9/99 $12,837 $10,313 $15,073
4/12/99 $12,851 $10,318 $15,094
4/13/99 $12,740 $10,239 $15,040
4/14/99 $12,717 $10,227 $15,014
4/15/99 $12,682 $10,202 $14,989
4/16/99 $12,587 $10,137 $14,916
4/19/99 $12,651 $10,177 $14,970
4/20/99 $12,727 $10,232 $15,022
4/21/99 $12,728 $10,232 $15,011
4/22/99 $12,519 $10,084 $14,865
4/23/99 $12,536 $10,093 $14,889
4/26/99 $12,600 $10,136 $14,928
4/27/99 $12,651 $10,171 $14,966
4/28/99 $12,590 $10,121 $14,934
4/29/99 $12,704 $10,201 $15,032
4/30/99 $12,373 $9,973 $14,799
5/3/99 $12,424 $10,003 $14,808
5/4/99 $12,314 $9,926 $14,721
5/5/99 $12,328 $9,936 $14,757
5/6/99 $12,155 $9,815 $14,600
5/7/99 $12,123 $9,780 $14,563
5/10/99 $12,187 $9,827 $14,618
5/11/99 $12,064 $9,740 $14,537
5/12/99 $12,103 $9,767 $14,570
5/13/99 $12,279 $9,887 $14,744
5/14/99 $11,935 $9,647 $14,485
5/17/99 $11,961 $9,662 $14,473
5/18/99 $11,975 $9,677 $14,510
5/19/99 $12,151 $9,804 $14,617
5/20/99 $12,115 $9,780 $14,583
5/21/99 $12,208 $9,847 $14,664
5/24/99 $12,234 $9,860 $14,656
5/25/99 $12,248 $9,868 $14,661
5/26/99 $12,150 $9,804 $14,597
5/27/99 $12,077 $9,747 $14,511
5/28/99 $12,096 $9,750 $14,514
6/1/99 $11,910 $9,626 $14,372
6/2/99 $11,899 $9,616 $14,396
6/3/99 $11,888 $9,608 $14,404
6/4/99 $11,856 $9,576 $14,382
6/7/99 $11,845 $9,568 $14,395
6/8/99 $11,797 $9,539 $14,358
6/9/99 $11,773 $9,514 $14,303
6/10/99 $11,700 $9,461 $14,255
6/11/99 $11,530 $9,345 $14,111
6/14/99 $11,606 $9,397 $14,163
6/15/99 $11,608 $9,390 $14,181
6/16/99 $11,660 $9,433 $14,204
6/17/99 $11,887 $9,589 $14,407
6/18/99 $11,854 $9,568 $14,354
6/21/99 $11,731 $9,483 $14,272
6/22/99 $11,682 $9,448 $14,224
6/23/99 $11,571 $9,363 $14,137
6/24/99 $11,498 $9,312 $14,080
6/25/99 $11,528 $9,332 $14,103
6/28/99 $11,642 $9,402 $14,201
6/29/99 $11,707 $9,448 $14,266
6/30/99 $11,846 $9,546 $14,404
7/1/99 $11,798 $9,513 $14,368
7/2/99 $11,817 $9,516 $14,382
7/6/99 $11,743 $9,468 $14,346
7/7/99 $11,720 $9,443 $14,285
7/8/99 $11,834 $9,526 $14,391
7/9/99 $11,839 $9,526 $14,397
7/12/99 $12,029 $9,661 $14,544
7/13/99 $12,044 $9,667 $14,581
7/14/99 $12,008 $9,647 $14,547
7/15/99 $12,022 $9,654 $14,555
7/16/99 $12,077 $9,681 $14,588
7/19/99 $12,066 $9,677 $14,620
7/20/99 $12,080 $9,686 $14,605
7/21/99 $12,057 $9,669 $14,581
7/22/99 $11,920 $9,581 $14,455
7/23/99 $11,825 $9,505 $14,391
7/26/99 $11,801 $9,485 $14,361
7/27/99 $11,853 $9,514 $14,427
7/28/99 $11,855 $9,521 $14,423
7/29/99 $11,743 $9,441 $14,348
7/30/99 $11,685 $9,385 $14,316
8/2/99 $11,674 $9,375 $14,289
8/3/99 $11,600 $9,318 $14,251
8/4/99 $11,665 $9,375 $14,278
8/5/99 $11,793 $9,461 $14,345
8/6/99 $11,596 $9,325 $14,205
8/9/99 $11,472 $9,234 $14,079
8/10/99 $11,448 $9,211 $14,077
8/11/99 $11,500 $9,242 $14,097
8/12/99 $11,426 $9,186 $14,093
8/13/99 $11,558 $9,272 $14,199
8/16/99 $11,559 $9,269 $14,221
8/17/99 $11,687 $9,362 $14,307
8/18/99 $11,714 $9,406 $14,345
8/19/99 $11,678 $9,375 $14,332
8/20/99 $11,733 $9,418 $14,349
8/23/99 $11,748 $9,437 $14,358
8/24/99 $11,813 $9,461 $14,393
8/25/99 $11,979 $9,585 $14,517
8/26/99 $11,955 $9,562 $14,513
8/27/99 $11,783 $9,447 $14,402
8/30/99 $11,620 $9,320 $14,301
8/31/99 $11,597 $9,312 $14,237
9/1/99 $11,573 $9,291 $14,255
9/2/99 $11,461 $9,226 $14,151
9/3/99 $11,682 $9,377 $14,285
9/7/99 $11,570 $9,305 $14,242
9/8/99 $11,609 $9,320 $14,260
9/9/99 $11,535 $9,279 $14,209
9/10/99 $11,667 $9,372 $14,310
9/13/99 $11,605 $9,325 $14,265
9/14/99 $11,505 $9,262 $14,180
9/15/99 $11,532 $9,266 $14,201
9/16/99 $11,584 $9,305 $14,213
9/17/99 $11,652 $9,337 $14,301
9/20/99 $11,603 $9,308 $14,290
9/21/99 $11,567 $9,276 $14,260
9/22/99 $11,581 $9,288 $14,276
9/23/99 $11,735 $9,401 $14,366
9/24/99 $11,854 $9,470 $14,483
9/27/99 $11,728 $9,382 $14,408
9/28/99 $11,641 $9,324 $14,355
9/29/99 $11,528 $9,246 $14,253
9/30/99 $11,644 $9,330 $14,352
10/1/99 $11,484 $9,213 $14,202
10/4/99 $11,574 $9,282 $14,278
10/5/99 $11,436 $9,184 $14,174
10/6/99 $11,438 $9,175 $14,186
10/7/99 $11,414 $9,161 $14,171
10/8/99 $11,418 $9,159 $14,183
10/11/99 $11,420 $9,146 $14,183
10/12/99 $11,370 $9,119 $14,137
10/13/99 $11,270 $9,045 $14,091
10/14/99 $11,196 $8,987 $14,010
10/15/99 $11,315 $9,068 $14,109
10/18/99 $11,253 $9,031 $14,073
10/19/99 $11,178 $8,972 $13,996
10/20/99 $11,179 $8,972 $14,007
10/21/99 $11,155 $8,954 $13,995
10/22/99 $11,173 $8,963 $13,989
10/25/99 $11,174 $8,964 $13,995
10/26/99 $11,138 $8,937 $13,981
10/27/99 $11,229 $8,996 $14,058
10/28/99 $11,358 $9,083 $14,172
10/29/99 $11,541 $9,207 $14,341
11/1/99 $11,478 $9,168 $14,318
11/2/99 $11,569 $9,227 $14,367
11/3/99 $11,571 $9,227 $14,390
11/4/99 $11,649 $9,284 $14,455
11/5/99 $11,756 $9,353 $14,515
11/8/99 $11,719 $9,327 $14,501
11/9/99 $11,695 $9,311 $14,501
11/10/99 $11,658 $9,279 $14,469
11/11/99 $11,660 $9,282 $14,469
11/12/99 $11,792 $9,369 $14,569
11/15/99 $11,781 $9,363 $14,585
11/16/99 $11,744 $9,330 $14,563
11/17/99 $11,605 $9,230 $14,462
11/18/99 $11,543 $9,184 $14,420
11/19/99 $11,560 $9,194 $14,433
11/22/99 $11,510 $9,156 $14,408
11/23/99 $11,512 $9,158 $14,406
11/24/99 $11,490 $9,142 $14,386
11/26/99 $11,443 $9,106 $14,351
11/29/99 $11,304 $9,015 $14,238
11/30/99 $11,357 $9,047 $14,249
12/1/99 $11,333 $9,034 $14,234
12/2/99 $11,296 $9,002 $14,206
12/3/99 $11,416 $9,076 $14,305
12/6/99 $11,443 $9,091 $14,343
12/7/99 $11,508 $9,142 $14,407
12/8/99 $11,472 $9,110 $14,376
12/9/99 $11,499 $9,128 $14,394
12/10/99 $11,606 $9,197 $14,492
12/13/99 $11,543 $9,152 $14,470
12/14/99 $11,353 $9,021 $14,298
12/15/99 $11,290 $8,979 $14,241
12/16/99 $11,189 $8,918 $14,158
12/17/99 $11,206 $8,928 $14,148
12/20/99 $11,118 $8,860 $14,063
12/21/99 $11,094 $8,847 $14,052
12/22/99 $11,083 $8,836 $14,032
12/27/99 $11,097 $8,840 $14,070
12/28/99 $11,060 $8,816 $14,052
12/29/99 $11,113 $8,852 $14,101
12/30/99 $11,140 $8,873 $14,120
12/31/99 $11,068 $8,811 $14,053
1/3/00 $10,864 $8,670 $13,897
1/4/00 $10,981 $8,751 $14,013
1/5/00 $10,828 $8,635 $13,887
1/6/00 $10,932 $8,699 $13,978
1/7/00 $11,014 $8,748 $14,061
1/10/00 $10,925 $8,677 $14,011
1/11/00 $10,785 $8,583 $13,889
1/12/00 $10,735 $8,548 $13,868
1/13/00 $10,853 $8,623 $13,979
1/17/00 $10,782 $8,570 $13,920
1/18/00 $10,693 $8,508 $13,878
1/19/00 $10,759 $8,548 $13,938
1/20/00 $10,735 $8,534 $13,904
1/21/00 $10,779 $8,554 $13,949
1/24/00 $10,871 $8,625 $14,049
1/25/00 $10,885 $8,626 $14,064
1/26/00 $10,990 $8,691 $14,112
1/27/00 $11,095 $8,764 $14,204
1/28/00 $11,229 $8,849 $14,330
1/31/00 $11,153 $8,808 $14,274
2/1/00 $11,245 $8,868 $14,324
2/2/00 $11,427 $9,011 $14,452
2/3/00 $11,688 $9,210 $14,610
2/4/00 $11,563 $9,106 $14,504
2/7/00 $11,396 $8,982 $14,380
2/8/00 $11,618 $9,138 $14,541
2/9/00 $11,451 $9,016 $14,473
2/10/00 $11,246 $8,865 $14,291
2/11/00 $11,315 $8,899 $14,377
2/14/00 $11,433 $8,985 $14,500
2/15/00 $11,370 $8,938 $14,479
2/16/00 $11,359 $8,915 $14,453
2/17/00 $11,438 $8,973 $14,497
2/18/00 $11,561 $9,046 $14,610
2/22/00 $11,719 $9,157 $14,781
2/23/00 $11,616 $9,074 $14,665
2/24/00 $11,644 $9,088 $14,739
2/25/00 $11,571 $9,036 $14,674
2/28/00 $11,495 $8,996 $14,585
2/29/00 $11,600 $9,071 $14,662
3/1/00 $11,576 $9,054 $14,656
3/2/00 $11,591 $9,063 $14,657
3/3/00 $11,647 $9,090 $14,727
3/6/00 $11,597 $9,054 $14,704
3/7/00 $11,586 $9,050 $14,700
3/8/00 $11,561 $9,036 $14,673
3/9/00 $11,589 $9,046 $14,687
3/10/00 $11,529 $9,018 $14,624
3/13/00 $11,556 $9,036 $14,647
3/14/00 $11,675 $9,116 $14,744
3/15/00 $11,741 $9,155 $14,796
3/16/00 $11,795 $9,185 $14,854
3/17/00 $11,865 $9,233 $14,925
3/20/00 $11,905 $9,266 $14,921
3/21/00 $11,933 $9,286 $14,978
3/22/00 $11,922 $9,278 $14,979
3/23/00 $12,027 $9,350 $15,044
3/24/00 $11,889 $9,258 $14,910
3/27/00 $11,890 $9,258 $14,912
3/28/00 $11,892 $9,252 $14,924
3/29/00 $11,892 $9,259 $14,930
3/30/00 $12,089 $9,398 $15,076
3/31/00 $12,172 $9,448 $15,155
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-00
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
ONE FIVE SINCE
YEAR YEAR INCEPTION
<S> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------
U.S. Government Bond Fund (1-3-94) -2.26% 7.34% 3.60%
Price movement of 30-year Treasury Bond -6.05% 1.85% -0.91%
Lehman Brothers Long T-Bond Index 3.03% 9.04% 6.89%
-------------------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE LEHMAN BROTHERS LONG
T-BOND INDEX IS AN UNMANAGED BOND INDEX AND, UNLIKE THE FUND, HAS NO MANAGEMENT
FEES OR OTHER OPERATING EXPENSES TO REDUCE ITS REPORTED RETURN. THE PRICE
MOVEMENT OF THE 30-YEAR TREASURY BOND REPRESENTS A CUMULATIVE PERCENTAGE CHANGE
IN ITS CLOSING PRICE. RETURNS ARE HISTORICAL AND INCLUDE CHANGES IN PRINCIPAL
AND REINVESTED DIVIDENDS AND CAPITAL GAINS.
7
<PAGE>
THE JUNO FUND
BENCHMARK: INVERSE (OPPOSITE) OF THE PRICE MOVEMENT OF CURRENT LONG TREASURY
BOND
INCEPTION: MARCH 3, 1995
To achieve its objective, the Juno Fund establishes short positions in U.S
Treasury Bond futures contracts and purchases put options on U.S Treasury Bond
futures contracts traded on the Chicago Board of Trade. The Juno Fund posted a
3.97% total return for the year as a result of its short position as compared to
the -6.05% return for the 30-Year Treasury Bond. The Treasury bond futures will
typically have a high correlation to the 30-year Treasury Bond. The Fund's
return over the year differed from its benchmark due to the mathematical effects
of negative compounding.
CUMULATIVE FUND PERFORMANCE: MARCH 3, 1995--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX JUNO FUND 30 YEAR BOND LEHMAN BOND
<S> <C> <C> <C>
3/3/95 $10,000 $10,000 $10,000
3/6/95 $10,030 $9,941 $9,962
3/7/95 $10,070 $9,901 $9,937
3/8/95 $10,000 $10,000 $10,018
3/9/95 $9,950 $10,031 $10,059
3/10/95 $9,890 $10,090 $10,107
3/13/95 $9,880 $10,096 $10,132
3/14/95 $9,760 $10,210 $10,218
3/15/95 $9,770 $10,207 $10,230
3/16/95 $9,760 $10,204 $10,213
3/17/95 $9,800 $10,204 $10,217
3/20/95 $9,830 $10,173 $10,194
3/21/95 $9,880 $10,111 $10,132
3/22/95 $9,890 $10,111 $10,131
3/23/95 $9,910 $10,111 $10,141
3/24/95 $9,800 $10,210 $10,234
3/27/95 $9,750 $10,266 $10,274
3/28/95 $9,840 $10,173 $10,205
3/29/95 $9,810 $10,195 $10,230
3/30/95 $9,850 $10,152 $10,194
3/31/95 $9,850 $10,124 $10,173
4/3/95 $9,790 $10,173 $10,232
4/4/95 $9,790 $10,198 $10,245
4/5/95 $9,790 $10,207 $10,262
4/6/95 $9,770 $10,229 $10,288
4/7/95 $9,820 $10,167 $10,247
4/10/95 $9,810 $10,173 $10,241
4/11/95 $9,790 $10,198 $10,271
4/12/95 $9,780 $10,220 $10,297
4/13/95 $9,750 $10,245 $10,315
4/17/95 $9,810 $10,195 $10,288
4/18/95 $9,810 $10,170 $10,277
4/19/95 $9,780 $10,210 $10,307
4/20/95 $9,760 $10,241 $10,330
4/21/95 $9,740 $10,245 $10,343
4/24/95 $9,720 $10,282 $10,373
4/25/95 $9,730 $10,260 $10,369
4/26/95 $9,720 $10,263 $10,370
4/27/95 $9,740 $10,251 $10,354
4/28/95 $9,750 $10,245 $10,354
5/1/95 $9,760 $10,235 $10,347
5/2/95 $9,740 $10,272 $10,386
5/3/95 $9,660 $10,362 $10,460
5/4/95 $9,560 $10,464 $10,546
5/5/95 $9,420 $10,650 $10,707
5/8/95 $9,440 $10,628 $10,704
5/9/95 $9,370 $10,737 $10,794
5/10/95 $9,410 $10,737 $10,733
5/11/95 $9,420 $10,681 $10,730
5/12/95 $9,420 $10,675 $10,751
5/15/95 $9,380 $10,740 $10,811
5/16/95 $9,300 $10,848 $10,902
5/17/95 $9,300 $10,851 $10,899
5/18/95 $9,340 $10,826 $10,864
5/19/95 $9,340 $10,768 $10,844
5/22/95 $9,350 $10,780 $10,844
5/23/95 $9,310 $10,845 $10,909
5/24/95 $9,200 $11,015 $11,049
5/25/95 $9,180 $11,043 $11,080
5/26/95 $9,200 $10,997 $11,051
5/30/95 $9,130 $11,123 $11,165
5/31/95 $9,120 $11,136 $11,173
6/1/95 $9,060 $11,201 $11,215
6/2/95 $8,990 $11,306 $11,326
6/5/95 $8,980 $11,328 $11,351
6/6/95 $8,980 $11,340 $11,360
6/7/95 $8,990 $11,269 $11,299
6/8/95 $9,030 $11,216 $11,233
6/9/95 $9,170 $11,037 $11,101
6/12/95 $9,160 $11,071 $11,131
6/13/95 $9,010 $11,288 $11,344
6/14/95 $9,030 $11,250 $11,308
6/15/95 $9,060 $11,201 $11,270
6/16/95 $9,080 $11,139 $11,257
6/19/95 $9,010 $11,260 $11,315
6/20/95 $9,020 $11,250 $11,299
6/21/95 $9,000 $11,297 $11,355
6/22/95 $8,900 $11,393 $11,462
6/23/95 $8,950 $11,356 $11,437
6/26/95 $8,990 $11,291 $11,376
6/27/95 $9,010 $11,275 $11,367
6/28/95 $8,970 $11,337 $11,421
6/29/95 $9,120 $11,161 $11,266
6/30/95 $9,080 $11,182 $11,289
7/3/95 $9,080 $11,164 $11,301
7/5/95 $9,050 $11,210 $11,328
7/6/95 $8,930 $11,356 $11,462
7/7/95 $8,940 $11,315 $11,455
7/10/95 $8,930 $11,337 $11,477
7/11/95 $8,990 $11,232 $11,408
7/12/95 $8,970 $11,294 $11,432
7/13/95 $8,970 $11,275 $11,431
7/14/95 $9,020 $11,210 $11,380
7/17/95 $9,100 $11,117 $11,294
7/18/95 $9,150 $10,975 $11,228
7/19/95 $9,300 $10,842 $11,055
7/20/95 $9,280 $10,848 $11,069
7/21/95 $9,380 $10,712 $10,966
7/24/95 $9,300 $10,839 $11,045
7/25/95 $9,250 $10,904 $11,113
7/26/95 $9,300 $10,820 $11,057
7/27/95 $9,250 $10,888 $11,120
7/28/95 $9,320 $10,795 $11,052
7/31/95 $9,270 $10,879 $11,105
8/1/95 $9,340 $10,795 $11,038
8/2/95 $9,270 $10,860 $11,107
8/3/95 $9,340 $10,761 $11,035
8/4/95 $9,310 $10,783 $11,060
8/7/95 $9,300 $10,814 $11,085
8/8/95 $9,290 $10,817 $11,094
8/9/95 $9,320 $10,777 $11,056
8/10/95 $9,370 $10,730 $11,023
8/11/95 $9,460 $10,606 $10,926
8/14/95 $9,440 $10,640 $10,943
8/15/95 $9,400 $10,717 $10,993
8/16/95 $9,370 $10,731 $11,027
8/17/95 $9,380 $10,710 $11,021
8/18/95 $9,390 $10,710 $11,016
8/21/95 $9,350 $10,747 $11,070
8/22/95 $9,380 $10,724 $11,038
8/23/95 $9,410 $10,694 $11,015
8/24/95 $9,320 $10,828 $11,108
8/25/95 $9,190 $10,979 $11,244
8/28/95 $9,190 $10,982 $11,265
8/29/95 $9,200 $10,972 $11,252
8/30/95 $9,180 $10,989 $11,280
8/31/95 $9,130 $11,056 $11,338
9/1/95 $9,100 $11,113 $11,389
9/5/95 $9,050 $11,174 $11,449
9/6/95 $9,060 $11,144 $11,440
9/7/95 $9,090 $11,130 $11,414
9/8/95 $9,100 $11,147 $11,410
9/11/95 $9,100 $11,137 $11,407
9/12/95 $9,030 $11,265 $11,490
9/13/95 $9,060 $11,244 $11,457
9/14/95 $8,980 $11,328 $11,542
9/15/95 $9,000 $11,305 $11,532
9/18/95 $9,070 $11,221 $11,463
9/19/95 $9,030 $11,288 $11,507
9/20/95 $8,990 $11,315 $11,556
9/21/95 $9,100 $11,187 $11,439
9/22/95 $9,130 $11,147 $11,410
9/25/95 $9,130 $11,154 $11,417
9/26/95 $9,140 $11,167 $11,410
9/27/95 $9,140 $11,157 $11,399
9/28/95 $9,140 $11,147 $11,404
9/29/95 $9,020 $11,261 $11,534
10/2/95 $9,030 $11,315 $11,555
10/3/95 $8,990 $11,342 $11,588
10/4/95 $8,960 $11,369 $11,638
10/5/95 $8,950 $11,385 $11,657
10/6/95 $8,930 $11,392 $11,672
10/10/95 $8,930 $11,359 $11,684
10/11/95 $8,930 $11,365 $11,678
10/12/95 $8,900 $11,436 $11,717
10/13/95 $8,790 $11,560 $11,869
10/16/95 $8,830 $11,560 $11,845
10/17/95 $8,820 $11,597 $11,861
10/18/95 $8,840 $11,526 $11,842
10/19/95 $8,820 $11,557 $11,864
10/20/95 $8,870 $11,479 $11,798
10/23/95 $8,890 $11,429 $11,781
10/24/95 $8,830 $11,537 $11,859
10/25/95 $8,830 $11,543 $11,869
10/26/95 $8,900 $11,422 $11,793
10/27/95 $8,860 $11,483 $11,829
10/30/95 $8,870 $11,490 $11,843
10/31/95 $8,840 $11,523 $11,873
11/1/95 $8,810 $11,577 $11,918
11/2/95 $8,770 $11,654 $11,974
11/3/95 $8,790 $11,600 $11,959
11/6/95 $8,800 $11,577 $11,945
11/7/95 $8,830 $11,557 $11,918
11/8/95 $8,770 $11,644 $11,999
11/9/95 $8,810 $11,594 $11,942
11/10/95 $8,850 $11,513 $11,891
11/13/95 $8,810 $11,600 $11,891
11/14/95 $8,830 $11,587 $11,870
11/15/95 $8,850 $11,580 $11,839
11/16/95 $8,800 $11,684 $11,911
11/17/95 $8,790 $11,674 $11,926
11/20/95 $8,810 $11,651 $11,910
11/21/95 $8,840 $11,614 $11,876
11/22/95 $8,840 $11,604 $11,875
11/24/95 $8,810 $11,644 $11,921
11/27/95 $8,780 $11,684 $11,973
11/28/95 $8,790 $11,674 $11,952
11/29/95 $8,760 $11,728 $11,994
11/30/95 $8,700 $11,832 $12,108
12/1/95 $8,660 $11,906 $12,151
12/4/95 $8,580 $11,997 $12,281
12/5/95 $8,610 $11,977 $12,244
12/6/95 $8,600 $11,987 $12,234
12/7/95 $8,640 $11,919 $12,198
12/8/95 $8,630 $11,956 $12,218
12/11/95 $8,620 $11,970 $12,246
12/12/95 $8,630 $11,960 $12,236
12/13/95 $8,650 $11,909 $12,212
12/14/95 $8,650 $11,906 $12,205
12/15/95 $8,660 $11,882 $12,197
12/18/95 $8,770 $11,725 $12,076
12/19/95 $8,690 $11,862 $12,174
12/20/95 $8,700 $11,835 $12,183
12/21/95 $8,690 $11,893 $12,186
12/22/95 $8,650 $11,940 $12,275
12/26/95 $8,630 $11,977 $12,291
12/27/95 $8,600 $12,030 $12,333
12/28/95 $8,570 $12,067 $12,381
12/29/95 $8,550 $12,128 $12,432
1/2/96 $8,560 $12,094 $12,424
1/3/96 $8,550 $12,111 $12,441
1/4/96 $8,610 $11,990 $12,349
1/5/96 $8,640 $11,966 $12,319
1/8/96 $8,640 $11,960 $12,340
1/9/96 $8,650 $11,970 $12,307
1/10/96 $8,750 $11,745 $12,167
1/11/96 $8,740 $11,805 $12,184
1/12/96 $8,740 $11,782 $12,180
1/16/96 $8,660 $11,950 $12,294
1/17/96 $8,580 $12,017 $12,411
1/18/96 $8,570 $12,064 $12,444
1/19/96 $8,540 $12,077 $12,466
1/22/96 $8,610 $11,966 $12,370
1/23/96 $8,640 $11,882 $12,322
1/24/96 $8,580 $11,977 $12,396
1/25/96 $8,680 $11,856 $12,285
1/26/96 $8,610 $11,970 $12,358
1/29/96 $8,660 $11,889 $12,326
1/30/96 $8,600 $11,980 $12,401
1/31/96 $8,580 $11,993 $12,428
2/1/96 $8,620 $11,919 $12,370
2/2/96 $8,690 $11,778 $12,287
2/5/96 $8,680 $11,792 $12,293
2/6/96 $8,670 $11,829 $12,316
2/7/96 $8,680 $11,792 $12,303
2/8/96 $8,680 $11,802 $12,278
2/9/96 $8,680 $11,791 $12,284
2/12/96 $8,610 $11,900 $12,380
2/13/96 $8,610 $11,907 $12,405
2/14/96 $8,640 $11,806 $12,340
2/15/96 $8,720 $11,683 $12,248
2/16/96 $8,790 $11,593 $12,163
2/20/96 $8,950 $11,328 $11,932
2/21/96 $8,950 $11,361 $11,948
2/22/96 $8,920 $11,410 $11,993
2/23/96 $9,000 $11,309 $11,907
2/26/96 $9,020 $11,238 $11,868
2/27/96 $9,040 $11,212 $11,838
2/28/96 $9,070 $11,204 $11,836
2/29/96 $9,060 $11,216 $11,821
3/1/96 $8,960 $11,365 $11,954
3/4/96 $8,920 $11,354 $12,009
3/5/96 $8,970 $11,346 $11,947
3/6/96 $9,020 $11,253 $11,869
3/7/96 $9,040 $11,227 $11,848
3/8/96 $9,280 $10,831 $11,514
3/11/96 $9,210 $10,980 $11,621
3/12/96 $9,250 $10,943 $11,581
3/13/96 $9,280 $10,913 $11,559
3/14/96 $9,280 $10,902 $11,557
3/15/96 $9,360 $10,831 $11,480
3/18/96 $9,320 $10,853 $11,514
3/19/96 $9,320 $10,868 $11,529
3/20/96 $9,260 $10,958 $11,591
3/21/96 $9,240 $11,010 $11,639
3/22/96 $9,260 $10,954 $11,609
3/25/96 $9,180 $11,070 $11,699
3/26/96 $9,190 $11,040 $11,698
3/27/96 $9,310 $10,902 $11,586
3/28/96 $9,360 $10,834 $11,494
3/29/96 $9,300 $10,932 $11,589
4/1/96 $9,270 $10,950 $11,615
4/2/96 $9,230 $11,006 $11,667
4/3/96 $9,250 $10,976 $11,646
4/4/96 $9,290 $10,935 $11,604
4/5/96 $9,480 $10,685 $11,401
4/8/96 $9,520 $10,621 $11,343
4/9/96 $9,470 $10,681 $11,387
4/10/96 $9,550 $10,580 $11,313
4/11/96 $9,590 $10,554 $11,268
4/12/96 $9,440 $10,733 $11,439
4/15/96 $9,400 $10,767 $11,485
4/16/96 $9,400 $10,771 $11,500
4/17/96 $9,440 $10,737 $11,447
4/18/96 $9,480 $10,692 $11,405
4/19/96 $9,440 $10,756 $11,451
4/22/96 $9,390 $10,819 $11,513
4/23/96 $9,410 $10,771 $11,492
4/24/96 $9,460 $10,719 $11,446
4/25/96 $9,440 $10,720 $11,442
4/26/96 $9,410 $10,763 $11,492
4/29/96 $9,450 $10,696 $11,454
4/30/96 $9,510 $10,629 $11,390
5/1/96 $9,520 $10,591 $11,377
5/2/96 $9,670 $10,412 $11,220
5/3/96 $9,740 $10,315 $11,141
5/6/96 $9,700 $10,377 $11,193
5/7/96 $9,720 $10,360 $11,177
5/8/96 $9,630 $10,474 $11,261
5/9/96 $9,660 $10,444 $11,261
5/10/96 $9,560 $10,563 $11,352
5/13/96 $9,550 $10,599 $11,395
5/14/96 $9,500 $10,670 $11,457
5/15/96 $9,490 $10,681 $11,464
5/16/96 $9,550 $10,603 $11,387
5/17/96 $9,490 $10,692 $11,469
5/20/96 $9,480 $10,722 $11,500
5/21/96 $9,490 $10,674 $11,478
5/22/96 $9,440 $10,722 $11,522
5/23/96 $9,510 $10,638 $11,452
5/24/96 $9,460 $10,689 $11,502
5/28/96 $9,480 $10,670 $11,506
5/29/96 $9,570 $10,545 $11,405
5/30/96 $9,550 $10,578 $11,430
5/31/96 $9,630 $10,461 $11,340
6/3/96 $9,650 $10,455 $11,321
6/4/96 $9,640 $10,472 $11,342
6/5/96 $9,580 $10,534 $11,399
6/6/96 $9,530 $10,606 $11,471
6/7/96 $9,690 $10,399 $11,304
6/10/96 $9,730 $10,352 $11,253
6/11/96 $9,750 $10,294 $11,203
6/12/96 $9,790 $10,244 $11,164
6/13/96 $9,760 $10,266 $11,196
6/14/96 $9,710 $10,347 $11,267
6/17/96 $9,660 $10,390 $11,322
6/18/96 $9,690 $10,349 $11,296
6/19/96 $9,710 $10,328 $11,267
6/20/96 $9,710 $10,322 $11,272
6/21/96 $9,690 $10,334 $11,299
6/24/96 $9,680 $10,362 $11,320
6/25/96 $9,640 $10,401 $11,362
6/26/96 $9,630 $10,408 $11,383
6/27/96 $9,570 $10,492 $11,450
6/28/96 $9,470 $10,603 $11,579
7/1/96 $9,470 $10,599 $11,586
7/2/96 $9,510 $10,543 $11,539
7/3/96 $9,500 $10,556 $11,547
7/5/96 $9,750 $10,225 $11,263
7/8/96 $9,750 $10,225 $11,265
7/9/96 $9,700 $10,279 $11,315
7/10/96 $9,650 $10,349 $11,373
7/11/96 $9,630 $10,378 $11,416
7/12/96 $9,580 $10,453 $11,474
7/15/96 $9,630 $10,382 $11,427
7/16/96 $9,570 $10,459 $11,484
7/17/96 $9,580 $10,449 $11,485
7/18/96 $9,460 $10,591 $11,613
7/19/96 $9,520 $10,506 $11,552
7/22/96 $9,570 $10,455 $11,511
7/23/96 $9,520 $10,511 $11,563
7/24/96 $9,600 $10,408 $11,493
7/25/96 $9,580 $10,444 $11,496
7/26/96 $9,570 $10,457 $11,512
7/29/96 $9,640 $10,354 $11,439
7/30/96 $9,580 $10,416 $11,494
7/31/96 $9,520 $10,511 $11,584
8/1/96 $9,390 $10,700 $11,745
8/2/96 $9,290 $10,838 $11,877
8/5/96 $9,300 $10,816 $11,867
8/6/96 $9,310 $10,793 $11,852
8/7/96 $9,320 $10,780 $11,841
8/8/96 $9,340 $10,747 $11,816
8/9/96 $9,270 $10,846 $11,742
8/12/96 $9,280 $10,849 $11,911
8/13/96 $9,370 $10,719 $11,827
8/14/96 $9,360 $10,722 $11,811
8/15/96 $9,390 $10,685 $11,765
8/16/96 $9,340 $10,749 $11,825
8/19/96 $9,380 $10,705 $11,799
8/20/96 $9,380 $10,695 $11,791
8/21/96 $9,400 $10,658 $11,759
8/22/96 $9,410 $10,650 $11,751
8/23/96 $9,500 $10,534 $11,653
8/26/96 $9,580 $10,436 $11,564
8/27/96 $9,550 $10,476 $11,599
8/28/96 $9,570 $10,456 $11,583
8/29/96 $9,620 $10,372 $11,530
8/30/96 $9,700 $10,274 $11,434
9/3/96 $9,650 $10,349 $11,497
9/4/96 $9,680 $10,298 $11,468
9/5/96 $9,740 $10,244 $11,409
9/6/96 $9,710 $10,288 $11,440
9/9/96 $9,670 $10,332 $11,503
9/10/96 $9,720 $10,269 $11,448
9/11/96 $9,710 $10,283 $11,455
9/12/96 $9,660 $10,337 $11,510
9/13/96 $9,530 $10,497 $11,663
9/16/96 $9,530 $10,510 $11,684
9/17/96 $9,590 $10,439 $11,611
9/18/96 $9,600 $10,402 $11,597
9/19/96 $9,630 $10,359 $11,559
9/20/96 $9,630 $10,379 $11,569
9/23/96 $9,600 $10,404 $11,603
9/24/96 $9,550 $10,466 $11,643
9/25/96 $9,500 $10,525 $11,725
9/26/96 $9,450 $10,592 $11,802
9/27/96 $9,480 $10,561 $11,773
9/30/96 $9,500 $10,527 $11,748
10/1/96 $9,440 $10,603 $11,821
10/2/96 $9,410 $10,635 $11,872
10/3/96 $9,410 $10,638 $11,879
10/4/96 $9,290 $10,789 $12,015
10/7/96 $9,340 $10,727 $11,977
10/8/96 $9,340 $10,705 $11,959
10/9/96 $9,390 $10,658 $11,921
10/10/96 $9,440 $10,591 $11,852
10/11/96 $9,390 $10,638 $11,902
10/14/96 $9,390 $10,638 $11,902
10/15/96 $9,400 $10,631 $11,911
10/16/96 $9,420 $10,619 $11,897
10/17/96 $9,350 $10,699 $11,973
10/18/96 $9,340 $10,715 $11,997
10/21/96 $9,350 $10,687 $11,985
10/22/96 $9,390 $10,630 $11,938
10/23/96 $9,370 $10,650 $11,953
10/24/96 $9,400 $10,624 $11,944
10/25/96 $9,360 $10,680 $11,979
10/28/96 $9,370 $10,658 $11,978
10/29/96 $9,230 $10,848 $12,150
10/30/96 $9,230 $10,847 $12,167
10/31/96 $9,200 $10,894 $12,211
11/1/96 $9,220 $10,870 $12,188
11/4/96 $9,200 $10,894 $12,213
11/5/96 $9,140 $10,976 $12,306
11/6/96 $9,150 $10,964 $12,293
11/7/96 $9,100 $11,049 $12,369
11/8/96 $9,120 $11,023 $12,345
11/12/96 $9,050 $11,116 $12,437
11/13/96 $9,070 $11,096 $12,428
11/14/96 $9,030 $11,134 $12,484
11/15/96 $9,060 $11,089 $12,456
11/18/96 $9,060 $11,082 $12,445
11/19/96 $9,030 $11,117 $12,489
11/20/96 $9,000 $11,170 $12,539
11/21/96 $9,010 $11,150 $12,527
11/22/96 $9,030 $11,120 $12,499
11/25/96 $9,020 $11,151 $12,534
11/26/96 $9,030 $11,131 $12,526
11/27/96 $9,030 $11,101 $12,511
11/29/96 $8,970 $11,224 $12,615
12/2/96 $8,960 $11,225 $12,616
12/3/96 $8,960 $11,241 $12,633
12/4/96 $9,013 $11,177 $12,573
12/5/96 $9,103 $11,031 $12,442
12/6/96 $9,134 $11,007 $12,400
12/9/96 $9,083 $11,051 $12,477
12/10/96 $9,083 $11,044 $12,467
12/11/96 $9,204 $10,876 $12,316
12/12/96 $9,244 $10,824 $12,266
12/13/96 $9,184 $10,920 $12,344
12/16/96 $9,224 $10,838 $12,301
12/17/96 $9,244 $10,805 $12,251
12/18/96 $9,284 $10,755 $12,221
12/19/96 $9,194 $10,882 $12,342
12/20/96 $9,174 $10,896 $12,367
12/23/96 $9,174 $10,922 $12,379
12/24/96 $9,174 $10,907 $12,385
12/26/96 $9,174 $10,896 $12,377
12/27/96 $9,134 $10,975 $12,444
12/30/96 $9,134 $10,979 $12,449
12/31/96 $9,234 $10,817 $12,319
1/2/97 $9,345 $10,674 $12,056
1/3/97 $9,335 $10,686 $12,072
1/6/97 $9,355 $10,645 $12,047
1/7/97 $9,395 $10,590 $12,003
1/8/97 $9,405 $10,583 $11,984
1/9/97 $9,345 $10,653 $12,049
1/10/97 $9,435 $10,528 $11,951
1/13/97 $9,435 $10,531 $11,962
1/14/97 $9,345 $10,652 $12,060
1/15/97 $9,365 $10,614 $12,053
1/16/97 $9,405 $10,548 $11,983
1/17/97 $9,395 $10,565 $12,020
1/21/97 $9,345 $10,622 $12,074
1/22/97 $9,385 $10,583 $12,037
1/23/97 $9,405 $10,538 $12,016
1/24/97 $9,455 $10,476 $11,961
1/27/97 $9,495 $10,414 $11,906
1/28/97 $9,475 $10,460 $11,977
1/29/97 $9,465 $10,476 $11,958
1/30/97 $9,435 $10,502 $11,990
1/31/97 $9,365 $10,612 $12,090
2/3/97 $9,304 $10,696 $12,169
2/4/97 $9,294 $10,720 $12,196
2/5/97 $9,314 $10,672 $12,174
2/6/97 $9,324 $10,655 $12,162
2/7/97 $9,284 $10,738 $12,226
2/10/97 $9,284 $10,720 $12,237
2/11/97 $9,284 $10,731 $12,236
2/12/97 $9,284 $10,726 $12,231
2/13/97 $9,214 $10,845 $12,336
2/14/97 $9,164 $10,882 $12,403
2/18/97 $9,174 $10,876 $12,393
2/19/97 $9,194 $10,830 $12,371
2/20/97 $9,244 $10,751 $12,310
2/21/97 $9,254 $10,738 $12,295
2/24/97 $9,284 $10,706 $12,274
2/25/97 $9,284 $10,718 $12,275
2/26/97 $9,425 $10,523 $12,099
2/27/97 $9,435 $10,503 $12,077
2/28/97 $9,425 $10,516 $12,090
3/3/97 $9,455 $10,474 $12,063
3/4/97 $9,485 $10,437 $12,032
3/5/97 $9,475 $10,462 $12,045
3/6/97 $9,505 $10,398 $12,009
3/7/97 $9,465 $10,477 $12,075
3/10/97 $9,455 $10,476 $12,082
3/11/97 $9,475 $10,456 $12,069
3/12/97 $9,505 $10,415 $12,028
3/13/97 $9,606 $10,291 $11,899
3/14/97 $9,576 $10,318 $11,937
3/17/97 $9,586 $10,308 $11,930
3/18/97 $9,596 $10,308 $11,923
3/19/97 $9,616 $10,262 $11,902
3/20/97 $9,596 $10,301 $11,931
3/21/97 $9,596 $10,308 $11,940
3/24/97 $9,566 $10,330 $11,973
3/25/97 $9,596 $10,298 $11,973
3/26/97 $9,616 $10,257 $11,918
3/27/97 $9,716 $10,156 $11,819
3/31/97 $9,736 $10,126 $11,795
4/1/97 $9,716 $10,141 $11,812
4/2/97 $9,706 $10,145 $11,831
4/3/97 $9,706 $10,163 $11,843
4/4/97 $9,767 $10,072 $11,773
4/7/97 $9,706 $10,156 $11,840
4/8/97 $9,726 $10,109 $11,818
4/9/97 $9,736 $10,106 $11,823
4/10/97 $9,736 $10,109 $11,820
4/11/97 $9,807 $10,046 $11,748
4/14/97 $9,797 $10,037 $11,755
4/15/97 $9,706 $10,141 $11,854
4/16/97 $9,726 $10,128 $11,848
4/17/97 $9,696 $10,170 $11,891
4/18/97 $9,676 $10,180 $11,899
4/21/97 $9,706 $10,130 $11,870
4/22/97 $9,666 $10,193 $11,924
4/23/97 $9,706 $10,140 $11,887
4/24/97 $9,746 $10,089 $11,841
4/25/97 $9,767 $10,066 $11,819
4/28/97 $9,736 $10,103 $11,856
4/29/97 $9,596 $10,271 $12,140
4/30/97 $9,566 $10,313 $12,069
5/1/97 $9,535 $10,355 $12,107
5/2/97 $9,515 $10,378 $12,144
5/5/97 $9,505 $10,393 $12,163
5/6/97 $9,505 $10,395 $12,171
5/7/97 $9,566 $10,319 $12,091
5/8/97 $9,525 $10,368 $12,146
5/9/97 $9,495 $10,407 $12,184
5/12/97 $9,485 $10,427 $12,209
5/13/97 $9,525 $10,348 $12,149
5/14/97 $9,505 $10,393 $12,190
5/15/97 $9,485 $10,424 $12,218
5/16/97 $9,515 $10,368 $12,176
5/19/97 $9,525 $10,358 $12,172
5/20/97 $9,525 $10,350 $12,189
5/21/97 $9,576 $10,304 $12,117
5/22/97 $9,606 $10,271 $12,083
5/23/97 $9,596 $10,271 $12,099
5/27/97 $9,636 $10,207 $12,055
5/28/97 $9,636 $10,220 $12,060
5/29/97 $9,586 $10,279 $12,119
5/30/97 $9,525 $10,361 $12,209
6/2/97 $9,515 $10,385 $12,233
6/3/97 $9,485 $10,415 $12,275
6/4/97 $9,485 $10,412 $12,273
6/5/97 $9,495 $10,403 $12,272
6/6/97 $9,385 $10,546 $12,416
6/9/97 $9,445 $10,474 $12,351
6/10/97 $9,455 $10,464 $12,334
6/11/97 $9,445 $10,484 $12,351
6/12/97 $9,375 $10,566 $12,436
6/13/97 $9,345 $10,625 $12,492
6/16/97 $9,324 $10,650 $12,530
6/17/97 $9,335 $10,627 $12,509
6/18/97 $9,314 $10,666 $12,542
6/19/97 $9,314 $10,682 $12,551
6/20/97 $9,284 $10,714 $12,592
6/23/97 $9,314 $10,666 $12,558
6/24/97 $9,314 $10,659 $12,555
6/25/97 $9,355 $10,573 $12,511
6/26/97 $9,405 $10,540 $12,447
6/27/97 $9,365 $10,593 $12,500
6/30/97 $9,415 $10,519 $12,445
7/1/97 $9,365 $10,597 $12,515
7/2/97 $9,324 $10,637 $12,561
7/3/97 $9,234 $10,755 $12,685
7/7/97 $9,194 $10,824 $12,753
7/8/97 $9,194 $10,810 $12,752
7/9/97 $9,174 $10,861 $12,797
7/10/97 $9,184 $10,840 $12,789
7/11/97 $9,164 $10,892 $12,843
7/14/97 $9,174 $10,862 $12,812
7/15/97 $9,174 $10,862 $12,813
7/16/97 $9,113 $10,963 $12,900
7/17/97 $9,124 $10,955 $12,899
7/18/97 $9,164 $10,896 $12,850
7/21/97 $9,174 $10,864 $12,826
7/22/97 $9,073 $11,030 $12,968
7/23/97 $9,063 $11,050 $12,997
7/24/97 $9,063 $11,035 $12,989
7/25/97 $9,093 $10,997 $12,959
7/28/97 $9,063 $11,060 $13,020
7/29/97 $9,023 $11,109 $13,072
7/30/97 $8,983 $11,171 $13,135
7/31/97 $8,963 $11,225 $13,182
8/1/97 $9,113 $10,983 $12,953
8/4/97 $9,124 $10,961 $12,946
8/5/97 $9,134 $10,939 $12,932
8/6/97 $9,124 $10,966 $12,951
8/7/97 $9,164 $10,899 $12,911
8/8/97 $9,294 $10,687 $12,739
8/11/97 $9,284 $10,694 $12,723
8/12/97 $9,314 $10,658 $12,691
8/13/97 $9,284 $10,698 $12,725
8/14/97 $9,214 $10,803 $12,855
8/15/97 $9,224 $10,802 $12,836
8/18/97 $9,184 $10,848 $12,894
8/19/97 $9,174 $10,860 $12,917
8/20/97 $9,194 $10,838 $12,882
8/21/97 $9,254 $10,744 $12,802
8/22/97 $9,314 $10,642 $12,716
8/25/97 $9,324 $10,644 $12,719
8/26/97 $9,314 $10,665 $12,735
8/27/97 $9,304 $10,667 $12,747
8/28/97 $9,224 $10,782 $12,851
8/29/97 $9,264 $10,738 $12,807
9/2/97 $9,234 $10,779 $12,864
9/3/97 $9,254 $10,751 $12,839
9/4/97 $9,254 $10,734 $12,838
9/5/97 $9,294 $10,680 $12,793
9/8/97 $9,264 $10,729 $12,834
9/9/97 $9,274 $10,715 $12,824
9/10/97 $9,294 $10,668 $12,795
9/11/97 $9,324 $10,630 $12,761
9/12/97 $9,244 $10,762 $12,882
9/15/97 $9,224 $10,772 $12,905
9/16/97 $9,073 $11,018 $13,138
9/17/97 $9,053 $11,052 $13,174
9/18/97 $9,063 $11,044 $13,172
9/19/97 $9,043 $11,073 $13,191
9/22/97 $9,023 $11,101 $13,239
9/23/97 $9,053 $11,049 $13,190
9/24/97 $9,003 $11,146 $13,269
9/25/97 $9,073 $11,025 $13,172
9/26/97 $9,043 $11,087 $13,217
9/29/97 $9,053 $11,063 $13,204
9/30/97 $9,083 $11,007 $13,168
10/1/97 $8,993 $11,146 $13,286
10/2/97 $8,973 $11,163 $13,335
10/3/97 $8,973 $11,166 $13,325
10/6/97 $8,933 $11,225 $13,395
10/7/97 $8,913 $11,270 $13,437
10/8/97 $9,033 $11,073 $13,258
10/9/97 $9,043 $11,059 $13,245
10/10/97 $9,103 $10,976 $13,165
10/13/97 $9,093 $10,973 $13,165
10/14/97 $9,043 $11,090 $13,271
10/15/97 $9,073 $11,037 $13,231
10/16/97 $9,073 $11,035 $13,231
10/17/97 $9,134 $10,966 $13,157
10/20/97 $9,113 $11,002 $13,187
10/21/97 $9,113 $11,007 $13,192
10/22/97 $9,103 $11,018 $13,209
10/23/97 $9,013 $11,147 $13,332
10/24/97 $8,983 $11,191 $13,366
10/27/97 $8,933 $11,274 $13,494
10/28/97 $8,993 $11,184 $13,403
10/29/97 $8,923 $11,308 $13,508
10/30/97 $8,872 $11,382 $13,584
10/31/97 $8,852 $11,412 $13,607
11/3/97 $8,913 $11,312 $13,528
11/4/97 $8,943 $11,260 $13,476
11/5/97 $8,943 $11,265 $13,488
11/6/97 $8,892 $11,346 $13,572
11/7/97 $8,892 $11,357 $13,582
11/10/97 $8,902 $11,339 $13,582
11/11/97 $8,902 $11,388 $13,582
11/12/97 $8,882 $11,381 $13,610
11/13/97 $8,872 $11,398 $13,640
11/14/97 $8,862 $11,429 $13,656
11/17/97 $8,842 $11,452 $13,686
11/18/97 $8,842 $11,450 $13,695
11/19/97 $8,802 $11,519 $13,762
11/20/97 $8,812 $11,471 $13,741
11/21/97 $8,802 $11,494 $13,760
11/24/97 $8,842 $11,423 $13,708
11/25/97 $8,822 $11,453 $13,742
11/26/97 $8,822 $11,494 $13,748
11/28/97 $8,812 $11,477 $13,785
12/1/97 $8,812 $11,492 $13,799
12/2/97 $8,802 $11,491 $13,809
12/3/97 $8,792 $11,508 $13,836
12/4/97 $8,802 $11,484 $13,814
12/5/97 $8,842 $11,416 $13,742
12/8/97 $8,903 $11,324 $13,669
12/9/97 $8,893 $11,331 $13,680
12/10/97 $8,862 $11,399 $13,732
12/11/97 $8,791 $11,517 $13,841
12/12/97 $8,720 $11,649 $13,963
12/15/97 $8,751 $11,594 $13,912
12/16/97 $8,741 $11,613 $13,936
12/17/97 $8,771 $11,567 $13,890
12/18/97 $8,730 $11,640 $13,958
12/19/97 $8,700 $11,698 $14,015
12/22/97 $8,690 $11,723 $14,046
12/23/97 $8,690 $11,725 $14,049
12/24/97 $8,700 $11,702 $14,039
12/26/97 $8,700 $11,696 $14,035
12/29/97 $8,720 $11,679 $14,021
12/30/97 $8,771 $11,581 $13,947
12/31/97 $8,720 $11,661 $14,018
1/2/98 $8,649 $11,789 $14,143
1/5/98 $8,548 $11,977 $14,334
1/6/98 $8,538 $12,000 $14,342
1/7/98 $8,599 $11,888 $14,245
1/8/98 $8,548 $11,954 $14,326
1/9/98 $8,497 $12,032 $14,418
1/12/98 $8,487 $12,048 $14,435
1/13/98 $8,507 $12,019 $14,426
1/14/98 $8,528 $11,973 $14,376
1/15/98 $8,538 $11,948 $14,369
1/16/98 $8,599 $11,872 $14,284
1/20/98 $8,619 $11,817 $14,247
1/21/98 $8,599 $11,867 $14,281
1/22/98 $8,629 $11,783 $14,227
1/23/98 $8,761 $11,586 $14,026
1/26/98 $8,690 $11,721 $14,151
1/27/98 $8,741 $11,629 $14,069
1/28/98 $8,730 $11,640 $14,086
1/29/98 $8,639 $11,797 $14,235
1/30/98 $8,609 $11,849 $14,306
2/2/98 $8,659 $11,760 $14,226
2/3/98 $8,659 $11,767 $14,233
2/4/98 $8,659 $11,767 $14,222
2/5/98 $8,720 $11,664 $14,148
2/6/98 $8,710 $11,682 $14,153
2/9/98 $8,741 $11,627 $14,115
2/10/98 $8,730 $11,664 $14,143
2/11/98 $8,659 $11,778 $14,254
2/12/98 $8,680 $11,743 $14,245
2/13/98 $8,649 $11,794 $14,288
2/17/98 $8,599 $11,872 $14,369
2/18/98 $8,639 $11,799 $14,313
2/19/98 $8,649 $11,789 $14,303
2/20/98 $8,670 $11,758 $14,278
2/23/98 $8,710 $11,693 $14,220
2/24/98 $8,781 $11,594 $14,115
2/25/98 $8,741 $11,672 $14,191
2/26/98 $8,761 $11,625 $14,159
2/27/98 $8,741 $11,673 $14,199
3/2/98 $8,832 $11,503 $14,049
3/3/98 $8,862 $11,438 $13,994
3/4/98 $8,852 $11,478 $14,018
3/5/98 $8,883 $11,430 $13,985
3/6/98 $8,842 $11,508 $14,054
3/9/98 $8,791 $11,597 $14,143
3/10/98 $8,791 $11,594 $14,157
3/11/98 $8,761 $11,657 $14,209
3/12/98 $8,690 $11,758 $14,307
3/13/98 $8,710 $11,716 $14,283
3/16/98 $8,680 $11,785 $14,344
3/17/98 $8,700 $11,721 $14,300
3/18/98 $8,720 $11,696 $14,274
3/19/98 $8,720 $11,693 $14,265
3/20/98 $8,700 $11,732 $14,297
3/23/98 $8,690 $11,732 $14,310
3/24/98 $8,690 $11,739 $14,315
3/25/98 $8,751 $11,643 $14,238
3/26/98 $8,771 $11,618 $14,207
3/27/98 $8,791 $11,611 $14,191
3/30/98 $8,812 $11,576 $14,161
3/31/98 $8,771 $11,643 $14,229
4/1/98 $8,730 $11,707 $14,304
4/2/98 $8,680 $11,792 $14,389
4/3/98 $8,609 $11,906 $14,497
4/6/98 $8,649 $11,828 $14,433
4/7/98 $8,670 $11,796 $14,410
4/8/98 $8,720 $11,702 $14,320
4/9/98 $8,710 $11,737 $14,343
4/13/98 $8,761 $11,650 $14,263
4/14/98 $8,741 $11,700 $14,316
4/15/98 $8,710 $11,730 $14,351
4/16/98 $8,700 $11,753 $14,369
4/17/98 $8,700 $11,735 $14,367
4/20/98 $8,741 $11,672 $14,311
4/21/98 $8,771 $11,615 $14,257
4/22/98 $8,781 $11,613 $14,251
4/23/98 $8,801 $11,585 $14,237
4/24/98 $8,771 $11,638 $14,277
4/27/98 $8,893 $11,436 $14,097
4/28/98 $8,893 $11,438 $14,091
4/29/98 $8,893 $11,425 $14,088
4/30/98 $8,781 $11,624 $14,273
5/1/98 $8,771 $11,647 $14,300
5/4/98 $8,771 $11,636 $14,308
5/5/98 $8,801 $11,592 $14,261
5/6/98 $8,771 $11,638 $14,308
5/7/98 $8,771 $11,627 $14,305
5/8/98 $8,801 $11,588 $14,264
5/11/98 $8,872 $11,473 $14,177
5/12/98 $8,791 $11,615 $14,296
5/13/98 $8,771 $11,634 $14,319
5/14/98 $8,812 $11,581 $14,274
5/15/98 $8,812 $11,602 $14,284
5/18/98 $8,761 $11,679 $14,360
5/19/98 $8,771 $11,654 $14,343
5/20/98 $8,741 $11,721 $14,410
5/21/98 $8,771 $11,659 $14,357
5/22/98 $8,761 $11,704 $14,386
5/26/98 $8,710 $11,789 $14,466
5/27/98 $8,690 $11,826 $14,510
5/28/98 $8,700 $11,813 $14,496
5/29/98 $8,690 $11,861 $14,544
6/1/98 $8,659 $11,906 $14,595
6/2/98 $8,680 $11,877 $14,567
6/3/98 $8,680 $11,865 $14,566
6/4/98 $8,700 $11,845 $14,537
6/5/98 $8,680 $11,884 $14,576
6/8/98 $8,680 $11,881 $14,593
6/9/98 $8,680 $11,874 $14,593
6/10/98 $8,599 $12,032 $14,725
6/11/98 $8,548 $12,122 $14,828
6/12/98 $8,548 $12,115 $14,829
6/15/98 $8,507 $12,200 $14,903
6/16/98 $8,558 $12,111 $14,827
6/17/98 $8,649 $11,957 $14,675
6/18/98 $8,609 $12,042 $14,742
6/19/98 $8,589 $12,069 $14,778
6/22/98 $8,578 $12,102 $14,806
6/23/98 $8,558 $12,129 $14,841
6/24/98 $8,578 $12,108 $14,822
6/25/98 $8,578 $12,110 $14,831
6/26/98 $8,558 $12,133 $14,857
6/29/98 $8,578 $12,126 $14,850
6/30/98 $8,558 $12,161 $14,892
7/1/98 $8,558 $12,154 $14,889
7/2/98 $8,538 $12,204 $14,938
7/6/98 $8,518 $12,239 $14,984
7/7/98 $8,548 $12,207 $14,948
7/8/98 $8,578 $12,170 $14,905
7/9/98 $8,548 $12,195 $14,939
7/10/98 $8,558 $12,170 $14,914
7/13/98 $8,619 $12,065 $14,832
7/14/98 $8,649 $12,003 $14,777
7/15/98 $8,639 $12,019 $14,797
7/16/98 $8,670 $11,991 $14,763
7/17/98 $8,680 $11,954 $14,726
7/20/98 $8,639 $12,014 $14,791
7/21/98 $8,599 $12,079 $14,859
7/22/98 $8,619 $12,058 $14,851
7/23/98 $8,589 $12,101 $14,886
7/24/98 $8,619 $12,056 $14,864
7/27/98 $8,639 $12,032 $14,840
7/28/98 $8,670 $11,966 $14,792
7/29/98 $8,690 $11,916 $14,748
7/30/98 $8,649 $11,980 $14,801
7/31/98 $8,649 $11,991 $14,824
8/3/98 $8,599 $12,101 $14,922
8/4/98 $8,578 $12,126 $14,952
8/5/98 $8,589 $12,097 $14,958
8/6/98 $8,609 $12,074 $14,931
8/7/98 $8,568 $12,161 $15,007
8/10/98 $8,568 $12,165 $15,012
8/11/98 $8,538 $12,214 $15,071
8/12/98 $8,558 $12,181 $15,036
8/13/98 $8,578 $12,134 $14,990
8/14/98 $8,538 $12,204 $15,070
8/17/98 $8,558 $12,192 $15,058
8/18/98 $8,558 $12,175 $15,046
8/19/98 $8,568 $12,165 $15,038
8/20/98 $8,528 $12,259 $15,109
8/21/98 $8,487 $12,353 $15,228
8/24/98 $8,487 $12,324 $15,190
8/25/98 $8,467 $12,411 $15,263
8/26/98 $8,447 $12,422 $15,283
8/27/98 $8,406 $12,499 $15,373
8/28/98 $8,396 $12,545 $15,371
8/31/98 $8,355 $12,649 $15,501
9/1/98 $8,365 $12,589 $15,455
9/2/98 $8,376 $12,568 $15,419
9/3/98 $8,345 $12,645 $15,510
9/4/98 $8,325 $12,699 $15,523
9/8/98 $8,376 $12,562 $15,466
9/9/98 $8,305 $12,697 $15,587
9/10/98 $8,203 $12,871 $15,795
9/11/98 $8,264 $12,777 $15,707
9/14/98 $8,274 $12,773 $15,661
9/15/98 $8,305 $12,737 $15,630
9/16/98 $8,264 $12,806 $15,653
9/17/98 $8,244 $12,871 $15,761
9/18/98 $8,213 $12,940 $15,790
9/21/98 $8,213 $12,983 $15,766
9/22/98 $8,213 $12,914 $15,730
9/23/98 $8,193 $12,898 $15,794
9/24/98 $8,183 $12,939 $15,818
9/25/98 $8,173 $12,981 $15,844
9/28/98 $8,193 $12,927 $15,790
9/29/98 $8,163 $13,029 $15,822
9/30/98 $8,071 $13,276 $16,094
10/1/98 $8,011 $13,462 $16,250
10/2/98 $7,980 $13,541 $16,329
10/5/98 $7,889 $13,837 $16,491
10/6/98 $7,919 $13,756 $16,441
10/7/98 $7,980 $13,583 $16,247
10/8/98 $8,152 $13,246 $15,921
10/9/98 $8,335 $12,990 $15,621
10/12/98 $8,365 $12,891 $15,621
10/13/98 $8,305 $13,019 $15,622
10/14/98 $8,193 $13,240 $15,847
10/15/98 $8,234 $13,198 $15,773
10/16/98 $8,132 $13,307 $15,916
10/19/98 $8,163 $13,259 $15,914
10/20/98 $8,234 $13,117 $15,776
10/21/98 $8,254 $13,094 $15,751
10/22/98 $8,294 $12,975 $15,706
10/23/98 $8,325 $12,892 $15,625
10/26/98 $8,254 $12,973 $15,713
10/27/98 $8,193 $13,063 $15,886
10/28/98 $8,193 $12,975 $15,888
10/29/98 $8,173 $13,046 $15,936
10/30/98 $8,234 $12,921 $15,812
11/2/98 $8,325 $12,768 $15,652
11/3/98 $8,315 $12,802 $15,652
11/4/98 $8,386 $12,587 $15,492
11/5/98 $8,376 $12,566 $15,516
11/6/98 $8,467 $12,411 $15,402
11/9/98 $8,365 $12,576 $15,552
11/10/98 $8,345 $12,576 $15,642
11/11/98 $8,345 $12,578 $15,642
11/12/98 $8,305 $12,651 $15,688
11/13/98 $8,315 $12,622 $15,674
11/16/98 $8,345 $12,608 $15,655
11/17/98 $8,376 $12,553 $15,637
11/18/98 $8,305 $12,652 $15,672
11/19/98 $8,315 $12,644 $15,701
11/20/98 $8,284 $12,697 $15,726
11/23/98 $8,335 $12,634 $15,665
11/24/98 $8,315 $12,695 $15,696
11/25/98 $8,284 $12,762 $15,743
11/27/98 $8,264 $12,806 $15,770
11/30/98 $8,183 $12,977 $15,929
12/1/98 $8,158 $13,023 $15,978
12/2/98 $8,138 $13,080 $16,057
12/3/98 $8,138 $13,106 $16,049
12/4/98 $8,189 $13,040 $15,966
12/7/98 $8,219 $13,040 $15,921
12/8/98 $8,158 $13,141 $16,045
12/9/98 $8,118 $13,206 $16,113
12/10/98 $8,118 $13,224 $16,113
12/11/98 $8,179 $13,092 $16,006
12/14/98 $8,158 $13,153 $16,056
12/15/98 $8,219 $13,056 $15,965
12/16/98 $8,179 $13,102 $16,013
12/17/98 $8,179 $13,114 $16,037
12/18/98 $8,199 $13,090 $16,036
12/21/98 $8,260 $12,995 $15,935
12/22/98 $8,321 $12,877 $15,815
12/23/98 $8,392 $12,738 $15,692
12/24/98 $8,412 $12,703 $15,642
12/28/98 $8,362 $12,802 $15,751
12/29/98 $8,321 $12,894 $15,844
12/30/98 $8,311 $12,936 $15,911
12/31/98 $8,321 $12,960 $15,918
1/4/99 $8,341 $12,819 $15,833
1/5/99 $8,392 $12,703 $15,764
1/6/99 $8,331 $12,776 $15,835
1/7/99 $8,402 $12,677 $15,792
1/8/99 $8,504 $12,620 $15,642
1/11/99 $8,534 $12,571 $15,579
1/12/99 $8,494 $12,687 $15,666
1/13/99 $8,443 $12,831 $15,793
1/14/99 $8,351 $12,942 $15,955
1/15/99 $8,402 $12,904 $15,903
1/19/99 $8,402 $12,847 $15,832
1/20/99 $8,443 $12,784 $15,768
1/21/99 $8,382 $12,837 $15,870
1/22/99 $8,321 $12,940 $15,982
1/25/99 $8,351 $12,896 $15,961
1/26/99 $8,362 $12,867 $15,947
1/27/99 $8,362 $12,861 $15,950
1/28/99 $8,331 $12,904 $15,995
1/29/99 $8,311 $12,944 $16,048
2/1/99 $8,412 $12,754 $15,892
2/2/99 $8,473 $12,648 $15,776
2/3/99 $8,483 $12,620 $15,734
2/4/99 $8,555 $12,533 $15,657
2/5/99 $8,575 $12,470 $15,584
2/8/99 $8,575 $12,436 $15,606
2/9/99 $8,534 $12,494 $15,666
2/10/99 $8,555 $12,460 $15,667
2/11/99 $8,555 $12,456 $15,658
2/12/99 $8,707 $12,186 $15,404
2/16/99 $8,636 $12,288 $15,496
2/17/99 $8,595 $12,359 $15,570
2/18/99 $8,646 $12,272 $15,506
2/19/99 $8,656 $12,247 $15,469
2/22/99 $8,626 $12,302 $15,541
2/23/99 $8,697 $12,169 $15,452
2/24/99 $8,768 $12,025 $15,321
2/25/99 $8,849 $11,847 $15,157
2/26/99 $8,798 $11,917 $15,255
3/1/99 $8,869 $11,748 $15,090
3/2/99 $8,819 $11,818 $15,186
3/3/99 $8,890 $11,716 $15,116
3/4/99 $8,920 $11,699 $15,074
3/5/99 $8,849 $11,834 $15,176
3/8/99 $8,849 $11,754 $15,201
3/9/99 $8,778 $11,970 $15,315
3/10/99 $8,798 $11,935 $15,292
3/11/99 $8,788 $11,914 $15,270
3/12/99 $8,758 $11,972 $15,328
3/15/99 $8,707 $12,017 $15,385
3/16/99 $8,676 $12,081 $15,456
3/17/99 $8,727 $12,025 $15,417
3/18/99 $8,707 $12,050 $15,426
3/19/99 $8,778 $11,958 $15,374
3/22/99 $8,798 $11,908 $15,275
3/23/99 $8,798 $11,921 $15,285
3/24/99 $8,758 $11,972 $15,343
3/25/99 $8,829 $11,875 $15,283
3/26/99 $8,829 $11,849 $15,247
3/29/99 $8,869 $11,779 $15,175
3/30/99 $8,788 $11,886 $15,285
3/31/99 $8,839 $11,810 $15,220
4/1/99 $8,900 $11,718 $15,159
4/2/99 $8,798 $11,853 $15,213
4/5/99 $8,788 $11,861 $15,345
4/6/99 $8,697 $11,990 $15,484
4/7/99 $8,697 $12,013 $15,477
4/8/99 $8,585 $12,142 $15,641
4/9/99 $8,615 $12,113 $15,597
4/12/99 $8,605 $12,118 $15,619
4/13/99 $8,666 $12,025 $15,563
4/14/99 $8,676 $12,011 $15,536
4/15/99 $8,707 $11,982 $15,510
4/16/99 $8,758 $11,906 $15,435
4/19/99 $8,717 $11,953 $15,490
4/20/99 $8,687 $12,017 $15,545
4/21/99 $8,697 $12,017 $15,533
4/22/99 $8,798 $11,843 $15,382
4/23/99 $8,798 $11,853 $15,406
4/26/99 $8,758 $11,904 $15,447
4/27/99 $8,727 $11,945 $15,487
4/28/99 $8,758 $11,886 $15,453
4/29/99 $8,687 $11,980 $15,555
4/30/99 $8,869 $11,713 $15,313
5/3/99 $8,859 $11,748 $15,323
5/4/99 $8,920 $11,658 $15,233
5/5/99 $8,900 $11,670 $15,270
5/6/99 $9,002 $11,527 $15,107
5/7/99 $9,032 $11,486 $15,069
5/10/99 $9,002 $11,541 $15,127
5/11/99 $9,063 $11,439 $15,042
5/12/99 $9,032 $11,471 $15,076
5/13/99 $8,920 $11,611 $15,256
5/14/99 $9,134 $11,330 $14,989
5/17/99 $9,123 $11,348 $14,976
5/18/99 $9,123 $11,365 $15,015
5/19/99 $9,052 $11,514 $15,125
5/20/99 $9,073 $11,486 $15,090
5/21/99 $9,022 $11,564 $15,174
5/24/99 $9,012 $11,580 $15,165
5/25/99 $9,012 $11,590 $15,171
5/26/99 $9,063 $11,514 $15,105
5/27/99 $9,123 $11,447 $15,016
5/28/99 $9,093 $11,451 $15,019
6/1/99 $9,225 $11,305 $14,872
6/2/99 $9,225 $11,293 $14,897
6/3/99 $9,235 $11,283 $14,905
6/4/99 $9,235 $11,246 $14,882
6/7/99 $9,235 $11,237 $14,896
6/8/99 $9,286 $11,203 $14,858
6/9/99 $9,296 $11,174 $14,800
6/10/99 $9,357 $11,112 $14,751
6/11/99 $9,469 $10,975 $14,602
6/14/99 $9,408 $11,036 $14,656
6/15/99 $9,408 $11,028 $14,674
6/16/99 $9,388 $11,079 $14,698
6/17/99 $9,235 $11,262 $14,908
6/18/99 $9,276 $11,237 $14,853
6/21/99 $9,347 $11,137 $14,769
6/22/99 $9,377 $11,096 $14,718
6/23/99 $9,449 $10,997 $14,629
6/24/99 $9,489 $10,936 $14,569
6/25/99 $9,469 $10,960 $14,593
6/28/99 $9,388 $11,042 $14,695
6/29/99 $9,347 $11,096 $14,762
6/30/99 $9,256 $11,211 $14,905
7/1/99 $9,296 $11,172 $14,868
7/2/99 $9,276 $11,176 $14,882
7/6/99 $9,327 $11,120 $14,845
7/7/99 $9,347 $11,090 $14,782
7/8/99 $9,256 $11,188 $14,892
7/9/99 $9,276 $11,188 $14,897
7/12/99 $9,154 $11,346 $15,050
7/13/99 $9,134 $11,354 $15,088
7/14/99 $9,174 $11,330 $15,053
7/15/99 $9,164 $11,338 $15,061
7/16/99 $9,134 $11,369 $15,096
7/19/99 $9,134 $11,365 $15,128
7/20/99 $9,113 $11,375 $15,113
7/21/99 $9,134 $11,356 $15,088
7/22/99 $9,245 $11,252 $14,958
7/23/99 $9,306 $11,162 $14,891
7/26/99 $9,306 $11,139 $14,860
7/27/99 $9,276 $11,174 $14,928
7/28/99 $9,276 $11,182 $14,925
7/29/99 $9,337 $11,088 $14,847
7/30/99 $9,367 $11,022 $14,814
8/2/99 $9,367 $11,010 $14,786
8/3/99 $9,398 $10,944 $14,747
8/4/99 $9,377 $11,010 $14,774
8/5/99 $9,327 $11,112 $14,844
8/6/99 $9,449 $10,952 $14,699
8/9/99 $9,510 $10,844 $14,569
8/10/99 $9,520 $10,817 $14,566
8/11/99 $9,479 $10,854 $14,587
8/12/99 $9,520 $10,788 $14,583
8/13/99 $9,418 $10,889 $14,693
8/16/99 $9,438 $10,886 $14,715
8/17/99 $9,357 $10,995 $14,804
8/18/99 $9,347 $11,047 $14,844
8/19/99 $9,377 $11,010 $14,830
8/20/99 $9,367 $11,061 $14,847
8/23/99 $9,367 $11,083 $14,858
8/24/99 $9,317 $11,112 $14,894
8/25/99 $9,215 $11,257 $15,021
8/26/99 $9,215 $11,230 $15,018
8/27/99 $9,306 $11,095 $14,903
8/30/99 $9,418 $10,945 $14,799
8/31/99 $9,438 $10,937 $14,732
9/1/99 $9,459 $10,911 $14,751
9/2/99 $9,530 $10,835 $14,643
9/3/99 $9,398 $11,013 $14,782
9/7/99 $9,479 $10,928 $14,737
9/8/99 $9,459 $10,945 $14,756
9/9/99 $9,520 $10,898 $14,703
9/10/99 $9,449 $11,006 $14,807
9/13/99 $9,489 $10,952 $14,761
9/14/99 $9,560 $10,877 $14,673
9/15/99 $9,540 $10,883 $14,695
9/16/99 $9,499 $10,928 $14,708
9/17/99 $9,438 $10,966 $14,799
9/20/99 $9,479 $10,932 $14,787
9/21/99 $9,499 $10,894 $14,756
9/22/99 $9,489 $10,908 $14,772
9/23/99 $9,408 $11,040 $14,866
9/24/99 $9,306 $11,122 $14,987
9/27/99 $9,388 $11,018 $14,909
9/28/99 $9,459 $10,950 $14,854
9/29/99 $9,540 $10,859 $14,748
9/30/99 $9,459 $10,957 $14,851
10/1/99 $9,571 $10,820 $14,695
10/4/99 $9,510 $10,901 $14,774
10/5/99 $9,621 $10,786 $14,667
10/6/99 $9,601 $10,776 $14,679
10/7/99 $9,601 $10,759 $14,664
10/8/99 $9,611 $10,757 $14,676
10/11/99 $9,611 $10,742 $14,676
10/12/99 $9,652 $10,710 $14,629
10/13/99 $9,723 $10,623 $14,581
10/14/99 $9,753 $10,555 $14,497
10/15/99 $9,682 $10,650 $14,600
10/18/99 $9,733 $10,606 $14,562
10/19/99 $9,784 $10,536 $14,483
10/20/99 $9,774 $10,536 $14,494
10/21/99 $9,794 $10,516 $14,481
10/22/99 $9,804 $10,526 $14,475
10/25/99 $9,794 $10,528 $14,481
10/26/99 $9,814 $10,496 $14,467
10/27/99 $9,743 $10,565 $14,546
10/28/99 $9,652 $10,667 $14,664
10/29/99 $9,510 $10,813 $14,840
11/1/99 $9,560 $10,767 $14,816
11/2/99 $9,520 $10,837 $14,867
11/3/99 $9,520 $10,837 $14,891
11/4/99 $9,459 $10,903 $14,957
11/5/99 $9,408 $10,984 $15,020
11/8/99 $9,428 $10,954 $15,005
11/9/99 $9,428 $10,935 $15,005
11/10/99 $9,459 $10,898 $14,972
11/11/99 $9,469 $10,901 $14,972
11/12/99 $9,377 $11,003 $15,075
11/15/99 $9,388 $10,996 $15,092
11/16/99 $9,408 $10,957 $15,069
11/17/99 $9,499 $10,840 $14,965
11/18/99 $9,520 $10,786 $14,921
11/19/99 $9,520 $10,798 $14,935
11/22/99 $9,560 $10,754 $14,909
11/23/99 $9,571 $10,755 $14,907
11/24/99 $9,601 $10,737 $14,886
11/26/99 $9,642 $10,694 $14,850
11/29/99 $9,764 $10,587 $14,733
11/30/99 $9,723 $10,625 $14,744
12/1/99 $9,753 $10,609 $14,729
12/2/99 $9,794 $10,572 $14,700
12/3/99 $9,692 $10,659 $14,802
12/6/99 $9,672 $10,677 $14,842
12/7/99 $9,611 $10,737 $14,908
12/8/99 $9,652 $10,699 $14,876
12/9/99 $9,631 $10,720 $14,894
12/10/99 $9,540 $10,801 $14,996
12/13/99 $9,560 $10,749 $14,973
12/14/99 $9,733 $10,594 $14,795
12/15/99 $9,784 $10,545 $14,736
12/16/99 $9,875 $10,474 $14,651
12/17/99 $9,885 $10,486 $14,640
12/20/99 $9,957 $10,406 $14,552
12/21/99 $9,977 $10,391 $14,540
12/22/99 $9,977 $10,377 $14,520
12/27/99 $9,957 $10,382 $14,559
12/28/99 $9,987 $10,353 $14,541
12/29/99 $9,957 $10,396 $14,592
12/30/99 $9,936 $10,421 $14,611
12/31/99 $9,997 $10,348 $14,541
1/3/00 $10,129 $10,182 $14,380
1/4/00 $10,038 $10,277 $14,501
1/5/00 $10,150 $10,141 $14,370
1/6/00 $10,068 $10,216 $14,464
1/7/00 $10,007 $10,274 $14,550
1/10/00 $10,048 $10,190 $14,498
1/11/00 $10,160 $10,080 $14,372
1/12/00 $10,190 $10,039 $14,350
1/13/00 $10,089 $10,128 $14,465
1/17/00 $10,150 $10,065 $14,404
1/18/00 $10,221 $9,992 $14,360
1/19/00 $10,180 $10,039 $14,423
1/20/00 $10,200 $10,022 $14,387
1/21/00 $10,160 $10,046 $14,434
1/24/00 $10,089 $10,129 $14,538
1/25/00 $10,058 $10,131 $14,553
1/26/00 $9,977 $10,207 $14,603
1/27/00 $9,896 $10,292 $14,698
1/28/00 $9,774 $10,392 $14,829
1/31/00 $9,865 $10,345 $14,771
2/1/00 $9,784 $10,414 $14,822
2/2/00 $9,703 $10,582 $14,955
2/3/00 $9,581 $10,816 $15,118
2/4/00 $9,621 $10,694 $15,008
2/7/00 $9,723 $10,548 $14,880
2/8/00 $9,581 $10,732 $15,047
2/9/00 $9,703 $10,589 $14,976
2/10/00 $9,794 $10,411 $14,788
2/11/00 $9,743 $10,452 $14,877
2/14/00 $9,642 $10,552 $15,004
2/15/00 $9,682 $10,497 $14,983
2/16/00 $9,692 $10,470 $14,956
2/17/00 $9,631 $10,538 $15,001
2/18/00 $9,550 $10,624 $15,118
2/22/00 $9,418 $10,755 $15,295
2/23/00 $9,510 $10,657 $15,175
2/24/00 $9,459 $10,673 $15,251
2/25/00 $9,540 $10,612 $15,185
2/28/00 $9,611 $10,565 $15,092
2/29/00 $9,530 $10,653 $15,172
3/1/00 $9,560 $10,634 $15,166
3/2/00 $9,520 $10,643 $15,167
3/3/00 $9,469 $10,676 $15,239
3/6/00 $9,520 $10,634 $15,216
3/7/00 $9,530 $10,629 $15,211
3/8/00 $9,550 $10,612 $15,184
3/9/00 $9,540 $10,624 $15,198
3/10/00 $9,601 $10,591 $15,132
3/13/00 $9,591 $10,612 $15,156
3/14/00 $9,499 $10,706 $15,256
3/15/00 $9,438 $10,752 $15,311
3/16/00 $9,398 $10,788 $15,370
3/17/00 $9,347 $10,843 $15,444
3/20/00 $9,337 $10,883 $15,440
3/21/00 $9,296 $10,906 $15,499
3/22/00 $9,306 $10,896 $15,500
3/23/00 $9,245 $10,981 $15,568
3/24/00 $9,377 $10,873 $15,428
3/27/00 $9,377 $10,873 $15,430
3/28/00 $9,367 $10,866 $15,443
3/29/00 $9,377 $10,875 $15,449
3/30/00 $9,235 $11,037 $15,600
3/31/00 $9,174 $11,096 $15,682
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-00
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
ONE FIVE SINCE
YEAR YEAR INCEPTION
<S> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------
Juno Fund (3-3-95) 3.97% -1.38% -1.65%
Price movement of 30-year Treasury Bond -6.05% 1.85% 2.07%
Lehman Brothers Long T-Bond Index 3.03% 9.04% 9.26%
-----------------------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE LEHMAN BROTHERS LONG
T-BOND INDEX IS AN UNMANAGED BOND INDEX AND, UNLIKE THE FUND, HAS NO MANAGEMENT
FEES OR OTHER OPERATING EXPENSES TO REDUCE ITS REPORTED RETURN. THE PRICE
MOVEMENT OF THE 30-YEAR TREASURY BOND REPRESENTS A CUMULATIVE PERCENTAGE CHANGE
IN ITS CLOSING PRICE. RETURNS ARE HISTORICAL AND INCLUDE CHANGES IN PRINCIPAL
AND REINVESTED DIVIDENDS AND CAPITAL GAINS.
8
<PAGE>
THE ARKTOS FUND
BENCHMARK: INVERSE OF THE NASDAQ 100 INDEX-REGISTERED TRADEMARK-
INCEPTION: SEPTEMBER 3, 1998
The Arktos Fund is designed to be 100% short the NASDAQ 100 Index at all times.
To achieve its benchmark, the Arktos Fund establishes short positions in the
stocks that make up the NASDAQ 100 and short positions on NASDAQ 100 futures
contracts. As designed, Arktos inversely correlated the benchmark and posted a
-56.39% total return as a result of its short position as compared to the
108.79% return for the NASDAQ 100 for the year ended March 31, 2000. Although
Arktos remained 100% short the market on each trading day, over the year the
Fund tended to deviate, to the benefit of shareholders, due to a negative
compounding effect.
CUMULATIVE FUND PERFORMANCE: SEPTEMBER 3, 1998--MARCH 31, 2000
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
RYDEX ARKTOS FUND NASDAQ 100 INDEX NASDAQ COMPOSITE INDEX
<S> <C> <C> <C>
9/3/98 $10,000 $10,000 $10,000
9/4/98 $10,040 $9,971 $9,966
9/8/98 $9,367 $10,641 $10,566
9/9/98 $9,560 $10,437 $10,335
9/10/98 $9,753 $10,218 $10,086
9/11/98 $9,327 $10,672 $10,444
9/14/98 $9,180 $10,821 $10,597
9/15/98 $9,087 $10,953 $10,676
9/16/98 $9,027 $11,013 $10,751
9/17/98 $9,300 $10,685 $10,473
9/18/98 $9,240 $10,759 $10,585
9/21/98 $9,053 $10,982 $10,691
9/22/98 $8,993 $11,052 $10,801
9/23/98 $8,607 $11,536 $11,199
9/24/98 $8,840 $11,220 $10,945
9/25/98 $8,627 $11,498 $11,093
9/28/98 $8,627 $11,442 $11,065
9/29/98 $8,627 $11,455 $11,032
9/30/98 $8,860 $11,129 $10,776
10/1/98 $9,340 $10,536 $10,257
10/2/98 $9,313 $10,558 $10,274
10/5/98 $9,840 $9,989 $9,776
10/6/98 $10,027 $9,800 $9,612
10/7/98 $10,307 $9,521 $9,305
10/8/98 $10,507 $9,338 $9,028
10/9/98 $9,853 $9,908 $9,495
10/12/98 $9,493 $10,285 $9,836
10/13/98 $9,773 $9,983 $9,603
10/14/98 $9,547 $10,221 $9,803
10/15/98 $9,053 $10,750 $10,249
10/16/98 $9,093 $10,703 $10,312
10/19/98 $8,987 $10,837 $10,489
10/20/98 $9,180 $10,614 $10,428
10/21/98 $8,833 $11,018 $10,655
10/22/98 $8,680 $11,210 $10,832
10/23/98 $8,780 $11,089 $10,776
10/26/98 $8,593 $11,323 $10,974
10/27/98 $8,687 $11,194 $10,927
10/28/98 $8,520 $11,414 $11,053
10/29/98 $8,413 $11,550 $11,179
10/30/98 $8,393 $11,585 $11,269
11/2/98 $8,293 $11,736 $11,457
11/3/98 $8,407 $11,595 $11,378
11/4/98 $8,207 $11,861 $11,601
11/5/98 $8,160 $11,928 $11,687
11/6/98 $8,067 $12,063 $11,811
11/9/98 $8,020 $12,140 $11,840
11/10/98 $7,980 $12,221 $11,869
11/11/98 $7,947 $12,248 $11,847
11/12/98 $8,027 $12,131 $11,776
11/13/98 $8,027 $12,120 $11,757
11/16/98 $7,973 $12,206 $11,844
11/17/98 $7,847 $12,395 $11,951
11/18/98 $7,767 $12,531 $12,071
11/19/98 $7,647 $12,717 $12,213
11/20/98 $7,613 $12,773 $12,267
11/23/98 $7,400 $13,144 $12,580
11/24/98 $7,433 $13,076 $12,507
11/25/98 $7,360 $13,222 $12,630
11/27/98 $7,213 $13,469 $12,828
11/30/98 $7,533 $12,887 $12,403
12/1/98 $7,160 $13,504 $12,748
12/2/98 $7,220 $13,392 $12,693
12/3/98 $7,427 $13,018 $12,433
12/4/98 $7,147 $13,483 $12,744
12/7/98 $6,953 $13,871 $12,982
12/8/98 $6,987 $13,798 $12,945
12/9/98 $6,920 $13,941 $13,045
12/10/98 $7,053 $13,671 $12,825
12/11/98 $6,960 $13,855 $12,910
12/14/98 $7,213 $13,351 $12,513
12/15/98 $6,993 $13,762 $12,804
12/16/98 $7,020 $13,700 $12,783
12/17/98 $6,879 $13,976 $13,003
12/18/98 $6,706 $14,351 $13,272
12/21/98 $6,499 $14,784 $13,406
12/22/98 $6,559 $14,623 $13,493
12/23/98 $6,372 $15,046 $13,821
12/24/98 $6,426 $14,939 $13,761
12/28/98 $6,372 $15,087 $13,871
12/29/98 $6,366 $15,082 $13,880
12/30/98 $6,432 $14,980 $13,786
12/31/98 $6,359 $15,187 $13,950
1/4/99 $6,286 $15,339 $14,047
1/5/99 $6,119 $15,741 $14,322
1/6/99 $5,925 $16,245 $14,765
1/7/99 $5,919 $16,265 $14,798
1/8/99 $5,899 $16,325 $14,915
1/11/99 $5,805 $16,545 $15,171
1/12/99 $5,992 $16,045 $14,764
1/13/99 $5,972 $16,119 $14,739
1/14/99 $6,099 $15,767 $14,485
1/15/99 $5,859 $16,391 $14,939
1/19/99 $5,692 $16,822 $15,321
1/20/99 $5,685 $16,822 $15,367
1/21/99 $5,912 $16,227 $14,917
1/22/99 $5,885 $16,247 $14,880
1/25/99 $5,772 $16,520 $15,073
1/26/99 $5,578 $17,058 $15,481
1/27/99 $5,665 $16,794 $15,314
1/28/99 $5,472 $17,408 $15,761
1/29/99 $5,405 $17,595 $15,942
2/1/99 $5,398 $17,626 $15,969
2/2/99 $5,525 $17,194 $15,672
2/3/99 $5,425 $17,535 $15,863
2/4/99 $5,652 $16,772 $15,333
2/5/99 $5,772 $16,450 $15,101
2/8/99 $5,638 $16,827 $15,300
2/9/99 $5,912 $16,008 $14,701
2/10/99 $5,885 $16,081 $14,693
2/11/99 $5,572 $16,913 $15,304
2/12/99 $5,812 $16,201 $14,772
2/16/99 $5,839 $16,167 $14,721
2/17/99 $6,019 $15,645 $14,307
2/18/99 $5,979 $15,766 $14,381
2/19/99 $5,899 $15,979 $14,528
2/22/99 $5,698 $16,512 $14,900
2/23/99 $5,598 $16,777 $15,118
2/24/99 $5,725 $16,453 $14,883
2/25/99 $5,758 $16,331 $14,803
2/26/99 $5,899 $15,925 $14,556
3/1/99 $5,865 $16,028 $14,602
3/2/99 $6,012 $15,622 $14,372
3/3/99 $5,972 $15,714 $14,411
3/4/99 $5,879 $15,989 $14,587
3/5/99 $5,765 $16,294 $14,868
3/8/99 $5,572 $16,825 $15,253
3/9/99 $5,592 $16,779 $15,224
3/10/99 $5,558 $16,862 $15,307
3/11/99 $5,538 $16,905 $15,346
3/12/99 $5,645 $16,617 $15,151
3/15/99 $5,505 $17,042 $15,469
3/16/99 $5,465 $17,150 $15,518
3/17/99 $5,492 $17,077 $15,453
3/18/99 $5,391 $17,393 $15,669
3/19/99 $5,525 $16,987 $15,404
3/22/99 $5,592 $16,768 $15,243
3/23/99 $5,772 $16,223 $14,778
3/24/99 $5,612 $16,655 $15,048
3/25/99 $5,418 $17,233 $15,490
3/26/99 $5,458 $17,100 $15,390
3/29/99 $5,265 $17,740 $15,859
3/30/99 $5,311 $17,583 $15,779
3/31/99 $5,365 $17,423 $15,659
4/1/99 $5,258 $17,752 $15,863
4/2/99 $5,258 $17,752 $15,863
4/5/99 $5,078 $18,360 $16,287
4/6/99 $5,078 $18,353 $16,307
4/7/99 $5,145 $18,134 $16,187
4/8/99 $5,064 $18,402 $16,372
4/9/99 $5,058 $18,466 $16,497
4/12/99 $5,091 $18,356 $16,533
4/13/99 $5,191 $17,992 $16,436
4/14/99 $5,365 $17,400 $15,951
4/15/99 $5,285 $17,667 $16,043
4/16/99 $5,411 $17,258 $15,803
4/19/99 $5,718 $16,277 $14,923
4/20/99 $5,538 $16,794 $15,330
4/21/99 $5,331 $17,418 $15,835
4/22/99 $5,131 $18,061 $16,297
4/23/99 $5,064 $18,284 $16,482
4/26/99 $4,951 $18,699 $16,872
4/27/99 $5,064 $18,256 $16,556
4/28/99 $5,198 $17,788 $16,225
4/29/99 $5,278 $17,530 $16,086
4/30/99 $5,238 $17,671 $16,177
5/3/99 $5,238 $17,684 $16,131
5/4/99 $5,338 $17,350 $15,810
5/5/99 $5,185 $17,832 $16,124
5/6/99 $5,378 $17,194 $15,728
5/7/99 $5,278 $17,517 $15,928
5/10/99 $5,238 $17,658 $16,073
5/11/99 $5,131 $17,998 $16,329
5/12/99 $5,038 $18,344 $16,583
5/13/99 $5,125 $18,024 $16,426
5/14/99 $5,245 $17,578 $16,082
5/17/99 $5,125 $17,997 $16,298
5/18/99 $5,165 $17,860 $16,276
5/19/99 $5,105 $18,083 $16,397
5/20/99 $5,218 $17,701 $16,173
5/21/99 $5,278 $17,489 $16,033
5/24/99 $5,411 $17,044 $15,616
5/25/99 $5,572 $16,535 $15,147
5/26/99 $5,431 $16,982 $15,441
5/27/99 $5,431 $16,957 $15,390
5/28/99 $5,331 $17,285 $15,717
6/1/99 $5,498 $16,756 $15,345
6/2/99 $5,371 $17,160 $15,475
6/3/99 $5,478 $16,795 $15,290
6/4/99 $5,271 $17,448 $15,767
6/7/99 $5,158 $17,806 $16,059
6/8/99 $5,318 $17,261 $15,743
6/9/99 $5,198 $17,664 $16,028
6/10/99 $5,291 $17,352 $15,807
6/11/99 $5,378 $17,058 $15,573
6/14/99 $5,465 $16,782 $15,258
6/15/99 $5,391 $17,024 $15,362
6/16/99 $5,105 $17,929 $16,018
6/17/99 $5,044 $18,122 $16,186
6/18/99 $5,011 $18,243 $16,308
6/21/99 $4,871 $18,765 $16,734
6/22/99 $4,991 $18,279 $16,415
6/23/99 $4,931 $18,523 $16,529
6/24/99 $5,051 $18,072 $16,248
6/25/99 $5,051 $18,080 $16,240
6/28/99 $4,918 $18,561 $16,556
6/29/99 $4,838 $18,860 $16,809
6/30/99 $4,804 $18,998 $17,089
7/1/99 $4,751 $19,209 $17,216
7/2/99 $4,698 $19,421 $17,438
7/6/99 $4,738 $19,279 $17,411
7/7/99 $4,711 $19,361 $17,451
7/8/99 $4,651 $19,642 $17,634
7/9/99 $4,611 $19,794 $17,769
7/12/99 $4,637 $19,721 $17,752
7/13/99 $4,657 $19,634 $17,675
7/14/99 $4,571 $19,993 $17,929
7/15/99 $4,544 $20,094 $18,064
7/16/99 $4,497 $20,344 $18,224
7/19/99 $4,557 $20,055 $18,006
7/20/99 $4,738 $19,267 $17,382
7/21/99 $4,677 $19,551 $17,570
7/22/99 $4,831 $18,875 $17,078
7/23/99 $4,798 $19,041 $17,129
7/26/99 $4,931 $18,475 $16,663
7/27/99 $4,778 $19,097 $17,046
7/28/99 $4,724 $19,304 $17,214
7/29/99 $4,858 $18,719 $16,795
7/30/99 $4,851 $18,784 $16,786
8/2/99 $4,871 $18,734 $16,691
8/3/99 $4,918 $18,522 $16,465
8/4/99 $4,998 $18,233 $16,159
8/5/99 $4,938 $18,464 $16,324
8/6/99 $4,978 $18,298 $16,210
8/9/99 $5,038 $18,095 $16,025
8/10/99 $5,091 $17,898 $15,842
8/11/99 $4,911 $18,543 $16,318
8/12/99 $4,971 $18,316 $16,220
8/13/99 $4,764 $19,083 $16,781
8/16/99 $4,744 $19,133 $16,829
8/17/99 $4,698 $19,334 $16,994
8/18/99 $4,738 $19,168 $16,908
8/19/99 $4,818 $18,849 $16,677
8/20/99 $4,744 $19,149 $16,848
8/23/99 $4,597 $19,735 $17,302
8/24/99 $4,557 $19,892 $17,510
8/25/99 $4,451 $20,356 $17,849
8/26/99 $4,531 $19,995 $17,652
8/27/99 $4,564 $19,873 $17,552
8/30/99 $4,631 $19,578 $17,258
8/31/99 $4,577 $19,826 $17,427
9/1/99 $4,564 $19,893 $17,500
9/2/99 $4,584 $19,791 $17,395
9/3/99 $4,371 $20,734 $18,088
9/7/99 $4,391 $20,611 $18,050
9/8/99 $4,457 $20,304 $17,869
9/9/99 $4,371 $20,724 $18,144
9/10/99 $4,317 $20,965 $18,367
9/13/99 $4,404 $20,539 $18,098
9/14/99 $4,344 $20,865 $18,248
9/15/99 $4,437 $20,374 $17,903
9/16/99 $4,431 $20,405 $17,856
9/17/99 $4,310 $20,984 $18,256
9/20/99 $4,297 $21,055 $18,361
9/21/99 $4,411 $20,462 $17,948
9/22/99 $4,344 $20,794 $18,183
9/23/99 $4,537 $19,877 $17,494
9/24/99 $4,544 $19,848 $17,434
9/27/99 $4,497 $20,071 $17,570
9/28/99 $4,491 $20,084 $17,535
9/29/99 $4,551 $19,842 $17,370
9/30/99 $4,531 $19,917 $17,471
10/1/99 $4,537 $19,889 $17,412
10/4/99 $4,424 $20,414 $17,788
10/5/99 $4,411 $20,443 $17,811
10/6/99 $4,304 $20,947 $18,177
10/7/99 $4,304 $20,944 $18,199
10/8/99 $4,270 $21,137 $18,364
10/11/99 $4,230 $21,331 $18,551
10/12/99 $4,310 $20,901 $18,274
10/13/99 $4,444 $20,302 $17,821
10/14/99 $4,417 $20,439 $17,857
10/15/99 $4,544 $19,883 $17,380
10/18/99 $4,611 $19,538 $17,108
10/19/99 $4,617 $19,540 $17,102
10/20/99 $4,411 $20,400 $17,738
10/21/99 $4,391 $20,490 $17,826
10/22/99 $4,384 $20,562 $17,918
10/25/99 $4,384 $20,548 $17,915
10/26/99 $4,417 $20,401 $17,886
10/27/99 $4,431 $20,327 $17,829
10/28/99 $4,277 $21,009 $18,292
10/29/99 $4,124 $21,816 $18,872
11/1/99 $4,150 $21,641 $18,880
11/2/99 $4,137 $21,729 $18,969
11/3/99 $4,064 $22,108 $19,267
11/4/99 $4,024 $22,359 $19,442
11/5/99 $3,944 $22,794 $19,736
11/8/99 $3,897 $23,047 $20,002
11/9/99 $3,930 $22,859 $19,881
11/10/99 $3,883 $23,141 $20,078
11/11/99 $3,817 $23,572 $20,341
11/12/99 $3,757 $23,896 $20,493
11/15/99 $3,777 $23,788 $20,482
11/16/99 $3,683 $24,319 $20,950
11/17/99 $3,730 $24,084 $20,800
11/18/99 $3,617 $24,844 $21,294
11/19/99 $3,590 $25,053 $21,435
11/22/99 $3,563 $25,225 $21,583
11/23/99 $3,617 $24,813 $21,267
11/24/99 $3,490 $25,712 $21,761
11/26/99 $3,483 $25,779 $21,935
11/29/99 $3,543 $25,338 $21,766
11/30/99 $3,650 $24,539 $21,224
12/1/99 $3,610 $24,792 $21,336
12/2/99 $3,483 $25,712 $21,966
12/3/99 $3,410 $26,240 $22,398
12/6/99 $3,390 $26,395 $22,559
12/7/99 $3,376 $26,511 $22,820
12/8/99 $3,416 $26,172 $22,814
12/9/99 $3,416 $26,200 $22,866
12/10/99 $3,376 $26,496 $23,032
12/13/99 $3,323 $26,819 $23,273
12/14/99 $3,403 $26,198 $22,723
12/15/99 $3,323 $26,793 $23,042
12/16/99 $3,230 $27,563 $23,635
12/17/99 $3,203 $27,791 $23,877
12/20/99 $3,176 $28,041 $24,073
12/21/99 $3,049 $29,186 $24,882
12/22/99 $3,016 $29,466 $25,049
12/24/99 $2,996 $29,697 $25,253
12/27/99 $2,989 $29,765 $25,291
12/28/99 $3,003 $29,604 $25,270
12/29/99 $2,916 $30,519 $25,711
12/30/99 $2,916 $30,470 $25,682
12/31/99 $2,896 $30,670 $25,889
1/3/00 $2,836 $31,354 $26,282
1/4/00 $3,016 $29,333 $24,822
1/5/00 $3,056 $29,011 $24,668
1/6/00 $3,196 $27,634 $23,712
1/7/00 $3,009 $29,195 $24,701
1/10/00 $2,856 $30,749 $25,764
1/11/00 $2,989 $29,317 $24,946
1/12/00 $3,043 $28,770 $24,493
1/13/00 $2,929 $29,878 $25,175
1/17/00 $2,849 $30,644 $25,856
1/18/00 $2,809 $31,083 $26,280
1/19/00 $2,782 $31,357 $26,410
1/20/00 $2,749 $31,777 $26,653
1/21/00 $2,742 $31,845 $26,945
1/24/00 $2,883 $30,282 $26,059
1/25/00 $2,802 $31,094 $26,513
1/26/00 $2,909 $29,953 $25,892
1/27/00 $2,929 $29,721 $25,699
1/28/00 $3,056 $28,505 $24,729
1/31/00 $2,943 $29,530 $25,068
2/1/00 $2,829 $30,620 $25,778
2/2/00 $2,809 $30,807 $25,918
2/3/00 $2,716 $31,855 $26,790
2/4/00 $2,702 $32,047 $27,001
2/7/00 $2,662 $32,535 $27,495
2/8/00 $2,576 $33,606 $28,168
2/9/00 $2,636 $32,825 $27,758
2/10/00 $2,556 $33,831 $28,537
2/11/00 $2,629 $32,829 $27,963
2/14/00 $2,622 $32,972 $28,110
2/15/00 $2,616 $33,062 $28,124
2/16/00 $2,616 $33,069 $28,168
2/17/00 $2,536 $34,123 $28,940
2/18/00 $2,629 $32,803 $28,067
2/22/00 $2,629 $32,831 $27,879
2/23/00 $2,496 $34,493 $28,949
2/24/00 $2,442 $35,179 $29,377
2/25/00 $2,489 $34,563 $29,204
2/28/00 $2,502 $34,427 $29,124
2/29/00 $2,435 $35,294 $29,880
3/1/00 $2,415 $35,642 $30,436
3/2/00 $2,456 $35,024 $30,248
3/3/00 $2,335 $36,750 $31,267
3/6/00 $2,329 $36,868 $31,204
3/7/00 $2,362 $36,319 $30,841
3/8/00 $2,335 $36,773 $31,155
3/9/00 $2,262 $37,936 $32,108
3/10/00 $2,262 $37,943 $32,119
3/13/00 $2,342 $36,617 $31,219
3/14/00 $2,449 $34,964 $29,943
3/15/00 $2,509 $34,162 $29,154
3/16/00 $2,369 $36,009 $30,012
3/17/00 $2,322 $36,730 $30,525
3/20/00 $2,415 $35,246 $29,328
3/21/00 $2,309 $36,803 $29,975
3/22/00 $2,235 $38,023 $30,949
3/23/00 $2,209 $38,551 $31,432
3/24/00 $2,192 $38,807 $31,574
3/27/00 $2,185 $38,916 $31,546
3/28/00 $2,238 $37,912 $30,753
3/29/00 $2,325 $36,510 $29,549
3/30/00 $2,419 $35,156 $28,361
3/31/00 $2,332 $36,377 $29,092
</TABLE>
AVERAGE ANNUAL TOTAL RETURNS FOR THE PERIODS ENDED 3-31-99
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
ONE SINCE
YEAR INCEPTION
<S> <C> <C>
-------------------------------------------------------------------------------------------------
Arktos Fund (9-3-98) -56.39% -60.23%
NASDAQ 100 Index-Registered Trademark- 108.79% 126.94%
NASDAQ Composite Index-Registered Trademark- 85.78% 96.97%
-------------------------------------------------------------------------------------------------
</TABLE>
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE NASDAQ COMPOSITE INDEX
AND THE NASDAQ 100 INDEX ARE UNMANAGED STOCK INDICES AND, UNLIKE THE FUND, HAVE
NO MANAGEMENT FEES OR OTHER OPERATING EXPENSES TO REDUCE THEIR REPORTED RETURNS.
RETURNS ARE HISTORICAL AND INCLUDE CHANGES IN PRINCIPAL AND REINVESTED DIVIDENDS
AND CAPITAL GAINS.
9
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
COMMON STOCKS 60.9%
Microsoft Corp.*....................... 183,803 $19,529,069
Cisco Systems, Inc.*................... 241,650 18,682,566
General Electric Co.................... 115,869 17,981,420
Intel Corp............................. 117,984 15,566,514
Exxon Mobil Corp....................... 121,962 9,490,168
Wal-Mart Stores, Inc................... 157,285 8,729,317
Oracle Corp.*.......................... 99,637 7,777,913
International Business Machines
Corp................................. 63,659 7,511,762
Citigroup, Inc......................... 119,067 7,062,161
Lucent Technologies, Inc............... 112,566 6,838,385
Nortel Networks Corp................... 50,984 6,423,984
AT&T Corp.............................. 112,845 6,347,531
American International Group, Inc...... 54,678 5,987,241
America Online, Inc.*.................. 80,581 5,419,072
Home Depot, Inc........................ 81,302 5,243,979
Sun Microsystems, Inc.*................ 55,746 5,223,574
Merck & Co., Inc....................... 82,540 5,127,798
SBC Communications, Inc................ 120,479 5,060,118
Pfizer, Inc............................ 136,714 4,998,606
Dell Computer Corp.*................... 90,589 4,886,144
Hewlett-Packard Co..................... 35,491 4,704,776
Texas Instruments, Inc................. 28,710 4,593,600
Time Warner, Inc....................... 45,434 4,543,400
MCI Worldcom, Inc.*.................... 100,232 4,541,763
EMC Corp.*............................. 35,933 4,491,625
Royal Dutch Petroleum Co., NY Shares... 75,720 4,358,633
Coca-Cola Co........................... 87,228 4,094,264
Bristol-Myers Squibb Co................ 70,055 4,045,676
Qualcomm, Inc.......................... 26,060 3,891,084
Motorola, Inc.......................... 25,043 3,565,497
Johnson & Johnson...................... 49,138 3,442,731
Bell Atlantic Corp..................... 54,832 3,351,606
Morgan Stanley Dean Witter & Co........ 40,237 3,281,830
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Yahoo, Inc.*........................... 18,592 $ 3,186,204
BankAmerica Corp....................... 60,287 3,161,299
BellSouth Corp......................... 66,477 3,124,419
Walt Disney Co......................... 73,104 3,024,678
Tyco International Ltd................. 59,715 2,978,286
Warner-Lambert Co...................... 30,324 2,956,590
Procter & Gamble Co.................... 46,462 2,613,488
Applied Materials, Inc.*............... 27,027 2,547,294
Chase Manhattan Corp................... 29,127 2,539,510
American Home Products Corp............ 46,109 2,472,595
GTE Corp............................... 34,320 2,436,720
Eli Lilly & Co......................... 38,508 2,426,004
Wells Fargo Co......................... 58,298 2,386,575
American Express Co.................... 15,809 2,354,553
Amgen, Inc.*........................... 36,073 2,213,980
Medtronic, Inc......................... 42,182 2,169,737
Chevron Corp........................... 23,174 2,142,147
Fannie Mae............................. 36,198 2,042,925
Sprint PCS Group*...................... 30,438 1,987,982
Ford Motor Co.......................... 42,656 1,959,510
E. I. DuPont de
Nemours & Co......................... 36,887 1,950,400
Sprint Corp. (PCS Group)............... 30,772 1,938,636
Abbott Laboratories.................... 54,293 1,910,435
Nextel Communications, Inc., Class
A*................................... 12,869 1,907,829
Schering-Plough Corp................... 51,881 1,906,627
Enron Corp............................. 25,272 1,892,241
Corning, Inc........................... 9,740 1,889,560
General Motors Corp.................... 22,608 1,872,225
McDonald's Corp........................ 47,815 1,796,051
PepsiCo, Inc........................... 51,408 1,776,789
Philip Morris Cos., Inc................ 83,560 1,765,205
Veritas Software Corp.*................ 13,470 1,764,570
MediaOne Group, Inc.*.................. 21,611 1,750,491
Charles Schwab Corp.................... 28,957 1,645,119
Compaq Computer Corp................... 59,814 1,592,548
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 10
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
CBS Corp.*............................. 26,924 $ 1,524,572
Gap, Inc............................... 30,051 1,496,915
Schlumberger Ltd....................... 19,419 1,485,554
Honeywell, Inc......................... 27,956 1,472,932
Gillette Co............................ 37,881 1,427,640
Comcast Corp., Special Class A......... 32,717 1,419,100
Bank One Corp.......................... 40,502 1,392,256
Merrill Lynch & Co..................... 13,089 1,374,345
First Union Corp....................... 34,880 1,299,280
Viacom, Inc., Class B*................. 24,615 1,298,441
US West, Inc........................... 17,845 1,295,993
Minnesota Mining & Manufacturing Co.... 14,090 1,247,846
Computer Associates International,
Inc.................................. 20,773 1,229,502
Micron Technology, Inc.*............... 9,542 1,202,292
Fleet Boston Financial Corp............ 32,333 1,180,154
Boeing Co.............................. 30,675 1,163,732
Colgate-Palmolive Co................... 20,571 1,159,690
Target Corp............................ 15,473 1,156,607
Monsanto Co............................ 22,413 1,154,270
Global Crossing, Ltd................... 27,533 1,127,132
Kimberly-Clark Corp.................... 19,619 1,098,664
Pharmacia & Upjohn, Inc................ 18,311 1,084,927
Freddie Mac............................ 24,550 1,084,803
Bank of New York Co., Inc.............. 26,005 1,080,832
Automatic Data Processing, Inc......... 22,257 1,073,900
Electronic Data Systems Corp........... 16,624 1,067,053
United Technologies Corp............... 16,773 1,059,844
Texaco, Inc............................ 19,532 1,047,404
Marsh & McLennan Cos., Inc............. 9,421 1,039,254
Anheuser-Busch Cos., Inc............... 16,430 1,022,768
Analog Devices, Inc.*.................. 12,352 995,108
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Unilever N. V.......................... 20,185 $ 971,403
Atlantic Richfield Co.................. 11,397 968,745
Xilinx, Inc.*.......................... 11,345 939,508
Walgreen Co............................ 35,533 914,975
Alcoa, Inc............................. 12,996 912,969
Seagram Co. Ltd........................ 15,308 910,826
Tellabs, Inc.*......................... 14,205 894,693
Network Appliance, Inc.*............... 10,755 889,976
Dow Chemical Co........................ 7,744 882,816
Solectron Corp.*....................... 20,930 838,508
Clear Channel Communications, Inc.*.... 11,953 825,504
Costco Wholesale Corp.*................ 15,700 825,231
Safeway, Inc.*......................... 17,968 813,052
J. P. Morgan & Co., Inc................ 6,114 805,520
Emerson Electric Co.................... 15,224 804,969
Firstar Corp........................... 34,615 793,982
Lowe's Cos., Inc....................... 13,502 788,179
Apple Computer, Inc.*.................. 5,709 775,353
LSI Logic Corp.*....................... 10,504 762,853
MBNA Corp.............................. 28,314 722,007
PE Corp.--PE Biosystems Group.......... 7,280 702,520
Alltel Corp............................ 11,085 699,047
Gannett Co., Inc....................... 9,844 692,772
Fifth Third Bancorp.................... 10,902 686,826
Duke Energy Corp....................... 12,914 677,985
Allstate Corp.......................... 28,442 677,275
Williams Cos., Inc..................... 15,352 674,528
3Com Corp.*............................ 12,089 672,451
First Data Corp........................ 14,798 654,812
SunTrust Banks, Inc.................... 11,299 652,517
Baxter International, Inc.............. 10,273 643,989
Halliburton Co......................... 15,598 639,518
Guidant Corp........................... 10,854 638,351
International Paper Co................. 14,621 625,048
Best Buy Co., Inc.*.................... 7,219 620,834
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 11
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Household International, Inc........... 16,601 $ 619,425
Xerox Corp............................. 23,454 609,804
Eastman Kodak Co....................... 11,145 605,313
Gateway 2000, Inc.*.................... 11,178 592,434
Kohl's Corp.*.......................... 5,756 589,990
Linear Technology Corp................. 10,675 587,125
Illinois Tool Works, Inc............... 10,611 586,258
Omnicom Group, Inc..................... 6,266 585,479
US Bancorp............................. 26,606 582,006
Sara Lee Corp.......................... 32,090 577,620
AES Corp.*............................. 7,289 574,008
ADC Telecommunications, Inc............ 10,606 571,398
Conoco Inc., Class B................... 22,112 566,620
Associates First Capital Corp., Class
A.................................... 25,715 551,265
State Street Corp...................... 5,649 547,247
KLA-Tencor Corp.*...................... 6,483 546,193
Carnival Corp.......................... 21,785 540,540
Washington Mutual, Inc................. 20,385 540,201
Conexant Systems, Inc.*................ 7,583 538,393
Northern Trust Corp.................... 7,861 531,109
Mellon Bank Corp....................... 17,962 529,879
CVS Corp............................... 13,838 519,789
Kroger Co.*............................ 29,457 517,339
Southern Co............................ 23,768 516,954
Comverse Technology, Inc.*............. 2,695 509,355
Columbia/HCA Healthcare Corp........... 19,890 503,466
Teradyne, Inc.*........................ 6,038 496,626
Caterpillar, Inc....................... 12,556 495,177
American General Corp.................. 8,727 489,803
Wachovia Corp.......................... 7,159 483,680
Lexmark International Group Inc., Class
A.................................... 4,511 477,038
Weyerhaeuser Co........................ 8,293 472,701
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Interpublic Group of Cos., Inc......... 9,909 $ 468,200
PNC Bank Corp.......................... 10,382 467,839
Computer Sciences Corp.*............... 5,910 467,629
Adobe Systems, Inc..................... 4,186 465,954
Albertson's, Inc....................... 14,962 463,822
Campbell Soup Co....................... 15,060 463,095
Bestfoods.............................. 9,851 461,149
Cendant Corp.*......................... 24,926 461,131
Seagate Technology, Inc.*.............. 7,621 459,165
Paychex, Inc........................... 8,727 457,077
Cardinal Health, Inc................... 9,933 455,676
CIGNA Corp............................. 5,953 450,939
National City Corp..................... 21,776 449,130
Circuit City Stores--Circuit City
Group................................ 7,180 437,083
H. J. Heinz Co......................... 12,523 436,740
Providian Financial Corp............... 5,013 434,251
AFLAC, Inc............................. 9,397 428,151
BMC Software, Inc.*.................... 8,623 425,760
Harley-Davidson, Inc................... 5,343 424,101
Chubb Corp............................. 6,212 419,698
Citrix Systems, Inc.................... 6,329 419,296
Pitney Bowes, Inc...................... 9,367 418,588
Sysco Corp............................. 11,653 415,866
Phillips Petroleum Co.................. 8,943 413,614
Hartford Financial Services Group,
Inc.................................. 7,826 412,822
Sears, Roebuck & Co.................... 13,347 412,089
Lehman Brothers Holdings, Inc.......... 4,238 411,086
Molex, Inc............................. 6,925 406,844
FDX Corp.*............................. 10,240 399,360
Nike, Inc., Class B.................... 9,746 386,185
General Mills, Inc..................... 10,633 384,782
Transocean Sedco Forex, Inc............ 7,380 378,686
Southwest Airlines Co.................. 17,816 370,796
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 12
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Biogen, Inc............................ 5,305 $ 370,686
National Semiconductor Corp.*.......... 6,057 367,206
Kellogg Co............................. 14,318 366,899
United HealthCare Corp................. 5,994 357,392
Burlington Northern Santa Fe Corp...... 16,137 357,031
Scientific Atlanta, Inc................ 5,584 354,235
General Dynamics Corp.................. 7,097 353,076
Baker Hughes, Inc...................... 11,625 351,656
Coastal Corp........................... 7,544 347,024
Tandy Corp............................. 6,826 346,420
Rohm & Haas Co......................... 7,729 344,907
BB&T Corp.............................. 12,267 344,242
Dover Corp............................. 7,190 344,221
Union Pacific Corp..................... 8,778 343,439
Kansas City Southern Industries........ 3,903 335,414
May Department Stores Co............... 11,740 334,590
Capital One Financial Corp............. 6,964 333,837
Staples, Inc.*......................... 16,588 331,760
Novell, Inc.*.......................... 11,532 330,104
EL Paso Energy Corp.................... 8,062 325,503
Coca-Cola Co........................... 15,025 323,977
Masco Corp............................. 15,785 323,593
Dominion Resources, Inc................ 8,404 323,029
PPG Industries, Inc.................... 6,136 320,990
Textron, Inc........................... 5,252 319,716
Limited, Inc........................... 7,586 319,560
Delphi Automotive Systems.............. 19,951 319,216
ConAgra, Inc........................... 17,390 315,194
McGraw-Hill Cos., Inc.................. 6,925 315,088
Deere & Co............................. 8,264 314,032
William Wrigley, Jr. Co................ 4,088 314,010
Boston Scientific Corp.*............... 14,646 312,142
Federated Department Stores, Inc.*..... 7,415 309,576
Tribune Co............................. 8,391 306,796
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
KeyCorp................................ 15,796 $ 300,124
Waste Management, Inc.................. 21,882 299,510
Advanced Micro Devices, Inc.*.......... 5,198 296,610
Franklin Resources, Inc................ 8,780 293,581
Aon Corp............................... 9,063 292,281
Ralston-Ralston Purina Group........... 10,656 291,708
FPL Group, Inc......................... 6,329 291,530
Texas Utilities Co..................... 9,760 289,750
Quaker Oats Co......................... 4,724 286,393
USX-Marathon Group..................... 10,972 285,958
Lockheed Martin Corp................... 13,984 285,798
PG&E Corp.............................. 13,561 284,781
Burlington Resources, Inc.............. 7,679 284,123
Aetna, Inc............................. 5,050 281,222
Unicom Corp............................ 7,680 280,320
Rockwell International Corp............ 6,701 280,186
Unisys Corp.*.......................... 10,967 279,659
Marriott International, Inc., Class
A.................................... 8,784 276,696
Union Carbide Corp..................... 4,727 275,643
St. Paul Cos., Inc..................... 8,026 273,887
Clorox Co.............................. 8,352 271,440
Occidental Petroleum Corp.............. 12,982 269,377
Compuware Corp.*....................... 12,729 268,105
Alcan Aluminum, Ltd.................... 7,738 262,124
New York Times Co., Class A............ 6,047 259,643
Danaher Corp........................... 5,025 256,275
Ingersoll-Rand Co...................... 5,776 255,588
Unocal Corp............................ 8,560 254,660
Tenet Healthcare Corp.................. 11,016 253,368
TRW, Inc............................... 4,294 251,199
Dollar General Corp.................... 9,334 250,851
Avon Products, Inc..................... 8,556 248,658
Newell Rubbermaid, Inc................. 9,958 247,083
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 13
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Jefferson-Pilot Corp................... 3,697 $ 246,082
Reliant Energy, Inc.................... 10,440 244,688
Avery Dennison Corp.................... 3,979 242,967
TJX Cos., Inc.......................... 10,949 242,931
Delta Air Lines, Inc................... 4,559 242,767
PECO Energy Co......................... 6,560 241,900
Georgia-Pacific Group.................. 6,037 238,839
Hershey Foods Corp..................... 4,886 238,193
Becton, Dickinson and Co............... 8,884 233,760
Praxair, Inc........................... 5,612 233,600
Allergan, Inc.......................... 4,643 232,150
Comerica, Inc.......................... 5,522 231,234
Lincoln National Corp.................. 6,902 231,217
Air Products & Chemicals, Inc.......... 8,099 230,315
Public Service Enterprise Group,
Inc.................................. 7,718 228,646
Dow Jones and Co., Inc................. 3,172 227,789
Consolidated Edison, Inc............... 7,803 226,287
Archer-Daniels-Midland Co.............. 21,446 222,502
Paine Webber Group, Inc................ 5,039 221,716
Barrick Gold Corp...................... 13,919 218,354
Cincinnati Financial Corp.............. 5,795 218,037
Raytheon Co............................ 11,953 212,166
McKesson HBOC, Inc..................... 9,948 208,908
Amerada Hess Corp...................... 3,202 206,929
Amsouth Bancorporation................. 13,811 206,301
Parametric Technology Corp.*........... 9,709 204,496
American Electric Power Co., Inc....... 6,854 204,334
Edison International................... 12,258 203,023
Eaton Corp............................. 2,599 202,722
Apache Corp............................ 4,028 200,393
Times Mirror Co., Class A.............. 2,118 196,842
Progressive Corp....................... 2,581 196,317
Bed Bath and Beyond, Inc............... 4,956 195,142
Kerr-McGee Corp........................ 3,371 194,675
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Norfolk Southern Corp.................. 13,486 $ 193,861
PeopleSoft, Inc. *..................... 9,481 189,620
Cabletron Systems, Inc.*............... 6,435 188,625
Loews Corp............................. 3,745 187,250
SLM Holding Corp....................... 5,618 187,150
Synovus Financial Corp................. 9,880 186,485
IMS Health, Inc........................ 10,874 184,178
CenturyTel, Inc........................ 4,931 183,063
MBIA, Inc.............................. 3,516 183,052
Carolina Power and
Light Co............................. 5,636 182,818
Bear Stearns Cos., Inc................. 4,005 182,728
CSX Corp............................... 7,710 181,185
Champion International, Corp........... 3,397 180,890
Huntington Bancshares, Inc............. 8,082 180,835
W. W. Grainger, Inc.................... 3,297 178,862
Golden West Financial Corp............. 5,706 177,956
Regions Financial Corp................. 7,722 176,158
Entergy Corp........................... 8,715 175,934
Anardarko Petroleum Corp............... 4,503 174,209
Columbia Energy Group.................. 2,869 169,988
FirstEnergy Corp....................... 8,228 169,703
Sabre Holdings Corp.................... 4,572 168,878
Constellation Energy Group............. 5,281 168,332
Fort James Corp........................ 7,639 168,058
Ecolab, Inc............................ 4,575 167,845
T. Rowe Price Assoc.................... 4,225 166,888
AMR Corp.*............................. 5,230 166,706
Kmart Corp.*........................... 17,194 166,567
Tricon Global Restaurants, Inc.*....... 5,332 165,625
Dana Corp.............................. 5,809 163,741
Parker Hannifin Corp................... 3,958 163,515
Johnson Controls, Inc.................. 3,016 163,052
MGIC Investment Corp................... 3,733 162,852
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 14
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Dun & Bradstreet Corp.................. 5,681 $ 162,619
Summit Bancorp......................... 6,171 161,989
Vulcan Materials Co.................... 3,532 161,810
Sealed Air Corp.*...................... 2,950 160,222
Florida Progress Corp.................. 3,467 159,049
Willamette Industries, Inc............. 3,939 158,052
WellPoint Health Networks*............. 2,247 157,009
H & R Block, Inc....................... 3,472 155,372
Mattel, Inc............................ 14,860 155,101
Tosco Corp............................. 5,082 154,683
Whirlpool Corp......................... 2,628 154,066
Nucor Corp............................. 3,079 153,950
Union Planters Corp.................... 4,980 153,446
Knight-Ridder, Inc..................... 2,964 150,979
Southtrust Corp........................ 5,924 150,692
Ameren Corp............................ 4,845 149,892
Genuine Parts Co....................... 6,278 149,887
Reynolds Metals Co..................... 2,233 149,332
Leggett & Platt, Inc................... 6,931 149,017
DTE Energy Co.......................... 5,121 148,509
Biomet, Inc............................ 3,986 144,990
Fortune Brands, Inc.................... 5,793 144,825
UNUM Corp.............................. 8,476 144,092
Adaptec, Inc.*......................... 3,671 141,792
Nordstrom, Inc......................... 4,753 140,214
Old Kent Financial Corp................ 4,309 139,235
Paccar, Inc............................ 2,765 138,250
Nabisco Group Holdings Corp............ 11,512 138,144
J. C. Penney Co., Inc.................. 9,196 136,791
NCR Corp.*............................. 3,409 136,786
Phelps Dodge Corp...................... 2,859 135,803
ALZA Corp.*............................ 3,606 135,450
AutoZone, Inc.*........................ 4,879 135,392
Watson Pharmaceuticals, Inc.*.......... 3,389 134,501
Office Depot, Inc.*.................... 11,625 134,414
Newmont Mining Corp.................... 5,919 132,808
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Mirage Resorts, Inc.*.................. 6,822 $ 132,176
Conseco, Inc........................... 11,550 132,103
Brown-Forman Corp...................... 2,419 131,684
International Flavors & Fragrances,
Inc.................................. 3,712 130,152
Northrop Grumman Corp.................. 2,454 129,909
Union Pacific Resources Group, Inc..... 8,899 129,036
Goodyear Tire &
Rubber Co............................ 5,521 128,708
Sherwin-Williams Co.................... 5,856 128,466
Central & South West Corp.............. 7,511 128,156
Mead Corp.............................. 3,624 126,614
Equifax, Inc........................... 4,994 126,099
Eastman Chemical Co.................... 2,762 125,671
Toys R Us, Inc.*....................... 8,474 125,521
Inco Ltd............................... 6,776 124,086
New Century Energies, Inc.............. 4,079 122,625
SAFECO Corp............................ 4,591 121,948
Sempra Energy.......................... 7,214 120,835
Cinergy Corp........................... 5,610 120,615
GPU, Inc............................... 4,358 119,300
Westvaco Corp.......................... 3,541 118,181
Cooper Industries, Inc................. 3,325 116,375
Young & Rubicam, Inc................... 2,458 115,526
Black & Decker Corp.................... 3,067 115,204
Thermo Electron Corp.*................. 5,587 113,835
PerkinElmer, Inc....................... 1,687 112,186
B. F. Goodrich Co...................... 3,889 111,566
Countrywide Credit Industries, Inc..... 4,003 109,082
Northern States Power Co............... 5,467 108,657
Torchmark Corp......................... 4,645 107,416
Bausch & Lomb, Inc..................... 2,038 106,358
PPL Corp............................... 5,073 106,216
Hasbro, Inc............................ 6,206 102,399
Hilton Hotels Corp..................... 13,017 100,882
V. F. Corp............................. 4,170 100,341
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 15
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Winn-Dixie Stores, Inc................. 5,161 $ 100,317
Autodesk, Inc.......................... 2,175 98,963
Maytag Corp............................ 2,981 98,746
Pall Corp.............................. 4,379 98,254
Temple-Inland, Inc..................... 1,972 98,230
Ceridian Corp.*........................ 5,107 97,991
ITT Industries, Inc.................... 3,104 96,418
Rowan Cos., Inc.*...................... 3,260 95,966
Sigma-Aldrich Corp..................... 3,563 95,756
Liz Claiborne, Inc..................... 2,088 95,657
UST, Inc............................... 6,042 94,406
Harcourt General, Inc.................. 2,512 93,572
R. R. Donnelley & Sons Co.............. 4,465 93,486
Tektronix, Inc......................... 1,668 93,408
Placer Dome, Inc....................... 11,492 93,373
Supervalu, Inc......................... 4,929 93,343
Millipore Corp......................... 1,598 90,187
Navistar International Corp.*.......... 2,231 89,519
Owens-Illinois, Inc.*.................. 5,300 89,438
Niagara Mohawk Holdings, Inc.*......... 6,611 89,249
Sunoco, Inc............................ 3,186 87,217
Wendy's International, Inc............. 4,221 85,212
Pinnacle West Capital Corp............. 2,992 84,337
Harrah's Entertainment, Inc.*.......... 4,541 84,292
Ashland, Inc........................... 2,508 83,861
Stanley Works.......................... 3,157 83,266
Fluor Corp............................. 2,685 83,235
Darden Restaurants, Inc................ 4,524 80,584
USX-U. S. Steel Group.................. 3,121 78,025
St. Jude Medical, Inc.*................ 2,971 76,689
Healthsouth Corp.*..................... 13,645 75,900
CMS Energy Corp........................ 4,089 74,113
Crown Cork and Seal Co., Inc........... 4,567 73,072
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
U. S. Airways Group, Inc.*............. 2,522 $ 70,143
Boise Cascade Corp..................... 2,018 70,126
Bard C.R., Inc......................... 1,807 69,908
Freeport-McMoRan Copper & Gold, Inc.,
Class B.............................. 5,773 69,637
Mallinckrodt, Inc...................... 2,421 69,604
Quintiles Transnational Corp.*......... 4,058 69,240
Great Lakes Chemical Corp.............. 2,031 69,054
Silicon Graphics, Inc.*................ 6,504 68,699
Deluxe Corp............................ 2,591 68,662
Bemis Co., Inc......................... 1,847 68,108
Engelhard Corp......................... 4,444 67,216
Allegheny Teledyne, Inc................ 3,302 66,246
Andrew Corp.*.......................... 2,844 65,056
Adolph Coors, Class B.................. 1,301 62,204
Brunswick Corp......................... 3,241 61,376
FMC Corp.*............................. 1,080 61,020
Dillards, Inc., Class A................ 3,705 60,901
Hercules, Inc.......................... 3,754 60,533
Thomas & Betts Corp.................... 2,042 57,687
Eastern Enterprises.................... 954 57,121
Homestake Mining Co.................... 9,187 55,122
Cummins Engine Co...................... 1,462 54,916
Crane Co............................... 2,326 54,806
Nicor, Inc............................. 1,660 54,676
Snap-On, Inc........................... 2,065 54,077
Pactiv Corp.*.......................... 6,050 52,938
Louisiana-Pacific Corp................. 3,759 52,156
Ryder System, Inc...................... 2,267 51,433
Rite Aid Corp.......................... 9,148 50,314
Meredith Corp.......................... 1,816 50,281
Centex Corp............................ 2,097 49,935
Shared Medical Systems Corp............ 949 49,229
Manor Care, Inc.*...................... 3,639 49,127
Alberto-Culver Co...................... 1,968 46,863
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 16
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Consolidated Stores Corp.*............. 3,914 $ 44,522
Potlatch Corp.......................... 1,022 43,946
Allied Waste Industries, Inc........... 6,663 43,725
Humana, Inc.*.......................... 5,915 43,253
American Greetings Corp., Class A...... 2,279 41,591
Worthington Industries, Inc............ 3,150 38,981
Owens Corning.......................... 1,935 37,491
Polaroid Corp.......................... 1,572 37,335
Ball Corp.............................. 1,068 36,912
Kaufman & Broad Home Corp.............. 1,684 36,101
Timken Co.............................. 2,187 35,539
Peoples Energy Corp.................... 1,254 34,407
Cooper Tire & Rubber Co................ 2,678 33,642
Briggs & Stratton Corp................. 811 33,352
Ikon Office Solutions, Inc............. 5,290 32,732
Tupperware Corp........................ 2,035 32,178
W. R. Grace & Co.*..................... 2,534 32,150
Pulte Corp............................. 1,527 31,876
Longs Drug Stores Corp................. 1,389 31,600
National Service Industries, Inc....... 1,436 30,246
Jostens, Inc........................... 1,178 28,714
Bethlehem Steel Corp.*................. 4,633 27,798
Oneok, Inc............................. 1,090 27,250
Great Atlantic & Pacific Tea Co.,
Inc.................................. 1,354 26,403
Armstrong World Industries, Inc........ 1,414 25,275
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
---------- -----------
<S> <C> <C>
Springs Industries, Inc................ 631 $ 23,978
McDermott International, Inc........... 2,108 19,367
Milacron, Inc.......................... 1,309 18,899
Reebok International, Ltd.*............ 1,991 18,417
Russell Corp........................... 1,169 16,731
NACCO Industries, Inc.................. 292 13,998
-----------
Total Common Stocks
(Cost $339,432,028)................ 450,427,739
-----------
</TABLE>
<TABLE>
<CAPTION>
FACE
AMOUNT
-----------
<S> <C> <C>
FEDERAL AGENCY
DISCOUNT NOTES 24.4%
Fannie Mae 5.65% 04/06/00.............. $25,000,000 24,980,382
Fannie Mae 5.88% 04/06/00.............. 25,000,000 24,979,583
Fannie Mae 5.66% 04/20/00.............. 32,000,000 31,904,409
Fannie Mae 6.00% 06/29/00.............. 50,000,000 49,258,334
Federal Home Loan Banks 5.90%
04/19/00............................. 25,000,000 24,926,250
Freddie Mac 5.90% 04/12/00............. 25,000,000 24,954,930
------------
Total Federal Agency Discount Notes
(Cost $181,003,888).............. 181,003,888
------------
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 17
<PAGE>
RYDEX SERIES FUNDS
NOVA FUND
SCHEDULE OF INVESTMENTS (CONCLUDED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
CONTRACTS (NOTE 1)
----------- ------------
<S> <C> <C>
OPTIONS PURCHASED 2.1%
Call Options on:
June 2000 S&P 500 Futures Contracts,
Expiring June 2000,
with strike 900.................... 99 $ 15,228,675
Put Options on:
April 2000 S&P 500 Futures Contracts,
Expiring April 2000,
with strike 875.................... 885 --
Expiring April 2000, with strike
975............................... 320 --
Expiring April 2000, with strike
1000.............................. 145 --
Expiring April 2000, with strike
1025.............................. 367 --
Expiring April 2000, with strike
1050.............................. 64 --
Expiring April 2000, with strike
1100.............................. 11 275
------------
Total Options Purchased
(Cost $12,161,512)................ 15,228,950
------------
<CAPTION>
FACE
AMOUNT
-----------
REPURCHASE AGREEMENTS 12.6%
<S> <C> <C>
Repurchase Agreements Collaterialized
by U.S. Treasury Obligations (Note
3):
6.00% due 04/03/00................... $26,451,899 $ 26,451,899
6.03% due 04/03/00................... 18,594,129 18,594,129
6.05% due 04/03/00................... 48,181,855 48,181,855
------------
Total Repurchase Agreements
(Cost $93,227,883)................ 93,227,883
------------
Total Investments 100%
(Cost $625,825,311)............... $739,888,460
============
</TABLE>
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNREALIZED
GAIN
CONTRACTS (NOTE 1)
----------- ------------
<S> <C> <C>
FUTURES CONTRACTS PURCHASED
June 2000 S&P 500 Futures Contracts
(Underlying Face Amount at Market
Value $816,146,000).................. 2,152 $ 39,565,324
============
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 18
<PAGE>
RYDEX SERIES FUNDS
URSA FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
FACE AMOUNT (NOTE 1)
----------- ------------
<S> <C> <C>
FEDERAL AGENCY DISCOUNT NOTES 79.6%
Fannie Mae 5.78% 05/11/00.............. $25,000,000 $ 24,839,444
Fannie Mae 5.75% 05/18/00.............. 25,000,000 24,812,326
Fannie Mae 5.80% 05/25/00.............. 25,000,000 24,782,500
Federal Home Loan Banks 5.83%
04/12/00............................. 25,000,000 24,955,466
Federal Home Loan Banks 5.89%
04/14/00............................. 25,000,000 24,946,826
Federal Home Loan Banks 5.72%
04/17/00............................. 25,000,000 24,936,444
Federal Home Loan Banks 5.62%
04/19/00**........................... 20,000,000 19,943,800
Federal Home Loan Banks 5.81%
04/26/00............................. 25,000,000 24,899,132
Federal Home Loan Banks 5.72%
05/05/00............................. 25,000,000 24,864,944
Freddie Mac 5.70% 04/20/00............. 25,000,000 24,924,792
------------
Total Federal Agency Discount Notes
(Cost $243,905,674).............. 243,905,674
------------
U.S. TREASURY OBLIGATIONS 1.0%
U.S. Treasury Bill 5.53% 06/01/00**.... 3,000,000 2,971,889
------------
Total U.S. Treasury Obligations
(Cost $2,971,889)................ 2,971,889
------------
OPTIONS PURCHASED 1.5%
<CAPTION>
CONTRACTS
-----------
Put Options on:
<S> <C> <C>
June 2000 S&P 500 Futures Contracts,
Expiring June 2000, with strike
1750............................... 80 4,704,000
------------
Total Options Purchased
(Cost $4,580,560)................ 4,704,000
------------
<CAPTION>
FACE AMOUNT
-----------
REPURCHASE AGREEMENTS 17.9%
<S> <C> <C>
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00................... $15,520,577 15,520,577
6.03% due 04/03/00................... 10,910,053 10,910,053
6.05% due 04/03/00................... 28,270,568 28,270,568
------------
Total Repurchase Agreements
(Cost $54,701,198)............... 54,701,198
------------
Total Investments 100%
(Cost $306,159,321).............. $306,282,761
============
</TABLE>
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNREALIZED
LOSS
CONTRACTS (NOTE 1)
----------- ------------
<S> <C> <C>
FUTURES CONTRACTS SOLD SHORT
June 2000 S&P 500 Futures Contracts
(Underlying Face Amount at Market
Value $262,441,000).............. 692 $(21,442,944)
============
</TABLE>
** A PORTION OF THIS HOLDING IS PLEDGED AS COLLATERAL FOR STOCK INDEX FUTURES
CONTRACTS.
See Notes to Financial Statements. 19
<PAGE>
RYDEX SERIES FUNDS
U.S. GOVERNMENT MONEY MARKET FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
FACE AMOUNT (NOTE 1)
------------ --------------
<S> <C> <C>
FEDERAL AGENCY DISCOUNT NOTES 68.3%
Fannie Mae 5.69% 04/04/00.............. $ 25,000,000 $ 24,988,146
Fannie Mae 5.88% 04/05/00.............. 25,000,000 24,983,667
Fannie Mae 5.69% 04/06/00.............. 25,000,000 24,980,243
Fannie Mae 5.68% 04/13/00.............. 25,000,000 24,952,667
Fannie Mae 5.94% 04/19/00.............. 25,000,000 24,925,750
Fannie Mae 5.69% 04/20/00.............. 25,000,000 24,924,924
Fannie Mae 5.93% 04/25/00.............. 25,000,000 24,901,167
Fannie Mae 5.69% 04/27/00.............. 25,000,000 24,897,264
Fannie Mae 5.94% 05/04/00.............. 25,000,000 24,863,875
Fannie Mae 5.94% 05/19/00.............. 25,000,000 24,802,000
Fannie Mae 5.95% 06/08/00.............. 10,000,000 9,887,611
Fannie Mae 6.00% 06/22/00.............. 25,000,000 24,658,333
Federal Farm Credit Banks 5.85%
05/05/00............................. 25,000,000 24,861,875
Federal Farm Credit Banks 5.94%
06/01/00............................. 25,000,000 25,000,000
Federal Home Loan Banks 6.00%
04/03/00............................. 75,000,000 74,975,000
Federal Home Loan Banks 5.89%
04/07/00............................. 40,000,000 39,960,733
Federal Home Loan Banks 5.54%
04/12/00............................. 25,000,000 24,957,681
Federal Home Loan Banks 5.90%
04/19/00............................. 50,000,000 49,852,500
Federal Home Loan Banks 5.63%
04/20/00............................. 25,000,000 24,925,715
Federal Home Loan Banks 5.64%
04/24/00............................. 25,000,000 24,909,917
Federal Home Loan Banks 5.66%
04/28/00............................. 25,000,000 24,893,875
Federal Home Loan Banks 5.68%
05/01/00............................. 25,000,000 24,881,667
Federal Home Loan Banks 5.65%
05/03/00............................. 25,000,000 24,874,444
Federal Home Loan Banks 5.64%
05/08/00............................. 25,000,000 24,855,083
Federal Home Loan Banks 5.64%
05/09/00............................. 25,000,000 24,851,167
Federal Home Loan Banks 5.85%
05/17/00............................. 25,000,000 24,813,125
Federal Home Loan Banks 5.68%
05/18/00............................. 25,000,000 24,814,611
Federal Home Loan Banks 5.88%
05/22/00............................. 25,000,000 24,791,750
Federal Home Loan Banks 5.89%
05/24/00............................. 25,000,000 24,783,215
Federal Home Loan Banks 5.88%
05/30/00............................. 25,000,000 24,759,083
Federal Home Loan Banks 5.86%
05/31/00............................. 25,000,000 24,755,833
Freddie Mac 6.02% 04/03/00............. 25,000,000 24,991,639
Freddie Mac 5.70% 04/06/00............. 25,000,000 24,980,208
Freddie Mac 5.69% 05/01/00............. 25,000,000 24,881,458
Freddie Mac 5.82% 05/02/00............. 25,000,000 24,874,708
Freddie Mac 5.96% 05/23/00............. 25,000,000 24,784,778
--------------
Total Federal Agency Discount Notes
(Cost $970,795,712).............. 970,795,712
--------------
</TABLE>
See Notes to Financial Statements. 20
<PAGE>
RYDEX SERIES FUNDS
U.S. GOVERNMENT MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (CONCLUDED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
FACE AMOUNT (NOTE 1)
------------ --------------
<S> <C> <C>
FEDERAL AGENCY BONDS 11.5%
Fannie Mae 5.02% 04/26/00.............. $ 25,000,000 $ 24,999,539
Fannie Mae 6.32% 02/02/01.............. 15,000,000 14,986,800
Federal Home Loan Banks 5.10%
05/11/00............................. 30,000,000 30,000,000
Federal Home Loan Banks 5.20%
05/26/00............................. 28,000,000 27,998,888
Federal Home Loan Banks 5.68%
08/16/00............................. 25,000,000 25,000,000
Federal Home Loan Banks 5.81%
08/23/00............................. 15,000,000 15,000,000
Federal Home Loan Banks 6.50%
01/25/01............................. 25,000,000 25,000,000
--------------
Total Federal Agency Bonds
(Cost $162,985,227).............. 162,985,227
--------------
REPURCHASE AGREEMENTS 20.2%
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00..................... 81,726,770 81,726,770
6.03% due 04/03/00..................... 57,449,112 57,449,112
6.05% due 04/03/00..................... 148,864,448 148,864,448
--------------
Total Repurchase Agreements
(Cost $288,040,330).............. 288,040,330
--------------
Total Investments 100%
(Cost $1,421,821,269)............ $1,421,821,269
==============
</TABLE>
See Notes to Financial Statements. 21
<PAGE>
RYDEX SERIES FUNDS
OTC FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
----------- --------------
<S> <C> <C>
COMMON STOCKS 98.5%
Cisco Systems, Inc.*................... 4,005,393 $ 309,666,946
Microsoft Corp.*....................... 2,909,470 309,131,188
Intel Corp............................. 1,901,787 250,917,022
QUALCOMM, Inc.*........................ 1,386,050 206,954,591
Oracle Corp.*.......................... 1,938,041 151,288,326
JDS Uniphase Corp.*.................... 1,091,065 131,541,524
Nextel Communications, Inc., Class
A*................................... 731,853 108,497,207
Sun Microsystems, Inc.*................ 1,114,211 104,405,053
Veritas Software Corp.*................ 670,125 87,786,375
Dell Computer Corp.*................... 1,533,415 82,708,572
MCI WorldCom, Inc.*.................... 1,663,035 75,356,273
Yahoo! Inc.*........................... 414,898 71,103,139
Immunex Corp.*......................... 1,110,274 70,433,007
Applied Materials, Inc.*............... 649,903 61,253,358
Xilinx, Inc.*.......................... 692,685 57,362,977
Global Crossing, Ltd.*................. 1,357,678 55,579,943
CMGI, Inc.*............................ 479,841 54,371,983
PMC-Sierra, Inc.*...................... 246,122 50,131,975
Apple Computer, Inc.*.................. 368,437 50,038,350
Amgen, Inc.*........................... 777,199 47,700,589
Maxim Integrated Products, Inc.*....... 632,937 44,978,086
Siebel Systems, Inc.*.................. 371,080 44,320,868
Level 3 Communications, Inc.*.......... 410,651 43,426,343
Network Appliance, Inc.*............... 516,856 42,769,834
Metromedia Fiber Network, Inc.,
Class A*............................. 421,605 40,790,284
Altera Corp.*.......................... 455,397 40,644,182
Linear Technology Corp................. 693,232 38,127,760
Telefonaktiebolaget LM Ericsson,
Sponsored ADR*....................... 399,701 37,496,950
VoiceStream Wireless Corp.*............ 278,015 35,811,807
Ciena Corp.*........................... 269,692 34,014,904
Applied Micro Circuits Corp.*.......... 223,888 33,597,193
i2 Technologies, Inc.*................. 271,503 33,157,304
ADC Telecommunications, Inc.*.......... 614,467 33,104,410
KLA-Tencor Corp.*...................... 362,131 30,509,537
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
----------- --------------
<S> <C> <C>
Gemstar International Group, Ltd.*..... 349,174 $ 30,028,964
Comcast Corp., Special Class A......... 666,701 28,918,156
EchoStar Communications Corp., Class
A*................................... 364,809 28,819,911
eBay, Inc.*............................ 156,792 27,595,392
Conexant Systems, Inc.*................ 385,312 27,357,152
Vitesse Semiconductor Corp.*........... 276,696 26,631,990
SDL, Inc.*............................. 120,144 25,575,654
Amazon.com, Inc.*...................... 367,887 24,648,429
Comverse Technology, Inc.*............. 128,247 24,238,683
Tellabs, Inc.*......................... 373,661 23,534,805
Citrix Systems, Inc.*.................. 350,592 23,226,720
Intuit, Inc.*.......................... 417,137 22,681,824
NTL, Inc.*............................. 237,999 22,089,282
Adobe Systems, Inc..................... 189,694 21,115,313
Biogen, Inc.*.......................... 299,614 20,935,528
Medimmune, Inc.*....................... 117,315 20,427,474
Chiron Corp.*.......................... 409,231 20,410,396
Costco Wholesale Corp.*................ 379,985 19,972,962
Paychex, Inc........................... 380,149 19,910,304
RF Micro Devices, Inc.*................ 147,568 19,829,450
BroadVision, Inc.*..................... 436,995 19,610,151
Network Solutions, Inc.*............... 127,298 19,566,100
Starbucks Corp.*....................... 413,524 18,531,044
Novell, Inc.*.......................... 641,763 18,370,466
American Power Conversion Corp.*....... 411,417 17,639,504
NEXTLINK Communications, Inc., Class
A*................................... 136,687 16,906,473
Qlogic Corp.*.......................... 121,035 16,400,243
PanAmSat Corp.*........................ 327,094 16,048,049
3Com Corp.*............................ 282,126 15,693,259
Lycos, Inc.*........................... 217,990 15,313,798
At Home Corp., Series A*............... 462,778 15,242,750
BMC Software, Inc.*.................... 302,383 14,930,161
Sanmina Corp.*......................... 220,876 14,922,935
McLeodUSA, Inc., Class A*.............. 167,066 14,169,285
Atmel Corp.*........................... 268,142 13,842,831
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 22
<PAGE>
RYDEX SERIES FUNDS
OTC FUND
SCHEDULE OF INVESTMENTS (CONCLUDED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
----------- --------------
<S> <C> <C>
RealNetworks, Inc...................... 233,976 $ 13,322,009
Cintas Corp............................ 325,875 12,770,246
Parametric Technology Corp.*........... 604,536 12,733,040
Peoplesoft, Inc.*...................... 617,127 12,342,540
Bed Bath & Beyond, Inc.*............... 305,328 12,022,290
USA Networks, Inc.*.................... 514,618 11,611,069
Staples, Inc.*......................... 513,310 10,266,200
Adelphia Communications, Class A*...... 197,207 9,663,143
Fiserv, Inc.*.......................... 248,659 9,247,007
Molex, Inc............................. 155,932 9,161,005
Biomet, Inc............................ 246,895 8,980,806
Concord EFS, Inc.*..................... 375,038 8,602,434
Genzyme Corp. - General Division*...... 170,641 8,553,380
Compuware Corp.*....................... 361,879 7,622,076
Network Associates, Inc.*.............. 235,312 7,588,812
Electronic Arts, Inc.*................. 104,767 7,458,101
PACCAR, Inc............................ 142,290 7,114,500
CNET Networks, Inc.*................... 136,019 6,894,463
Legato Systems, Inc.*.................. 151,010 6,738,821
Synopsys, Inc.*........................ 132,292 6,449,235
Smurfit-Stone Container Corp.*......... 348,180 5,897,299
Adaptec, Inc.*......................... 138,713 5,357,790
Dollar Tree Stores, Inc.*.............. 91,339 4,761,045
Quintiles Transnational Corp.*......... 260,772 4,449,422
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
----------- --------------
<S> <C> <C>
Sigma-Aldrich Corp..................... 154,528 $ 4,152,940
PacifiCare Health Systems, Inc., Class
A*................................... 69,233 3,452,996
Apollo Group, Inc., Class A*........... 113,870 3,209,711
Northwest Airlines Corp.*.............. 113,455 2,566,919
Visx, Inc.*............................ 121,070 2,209,528
--------------
Total Common Stocks
(Cost $1,678,334,940)............ 3,819,312,125
--------------
<CAPTION>
FACE
AMOUNT
-----------
REPURCHASE AGREEMENTS 1.5%
<S> <C> <C>
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00................... $16,994,589 16,994,589
6.03% due 04/03/00................... 11,946,196 11,946,196
6.05% due 04/03/00................... 30,955,464 30,955,464
--------------
Total Repurchase Agreements
(Cost $59,896,249) 59,896,249
--------------
Total Investments 100%
(Cost $1,738,231,189) $3,879,208,374
==============
</TABLE>
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNREALIZED
LOSS
CONTRACTS (NOTE 1)
---------- ------------
<S> <C> <C>
FUTURES CONTRACTS PURCHASED
June 2000 NASDAQ 100 Futures Contracts
(Underlying Face Amount at Market Value
$42,465,000).................................. 95 $ (19,165)
============
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 23
<PAGE>
RYDEX SERIES FUNDS
U.S. GOVERNMENT BOND FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
FACE AMOUNT (NOTE 1)
----------- -----------
<S> <C> <C>
U.S. TREASURY OBLIGATIONS 84.3%
U.S. Treasury Bond 6.25% 05/15/30...... $22,510,000 $23,804,325
-----------
Total U. S. Treasury Obligations
(Cost $23,336,280)............... 23,804,325
-----------
</TABLE>
<TABLE>
<CAPTION>
CONTRACTS
-----------
<S> <C> <C>
OPTIONS PURCHASED 6.2%
Call Options on:
June 2000 U.S. Treasury Bond Futures
Contracts, Expiring May 2000, with
strike 80.......................... 99 1,751,062
-----------
Total Options Purchased (Cost
$1,422,435)...................... 1,751,062
-----------
</TABLE>
<TABLE>
<CAPTION>
FACE AMOUNT
-----------
<S> <C> <C>
REPURCHASE AGREEMENTS 9.5%
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00................... $ 758,003 758,003
6.03% due 04/03/00................... 532,831 532,831
6.05% due 04/03/00................... 1,380,694 1,380,694
-----------
Total Repurchase Agreements (Cost
$2,671,528)...................... 2,671,528
-----------
Total Investments 100% (Cost
$27,430,243)..................... $28,226,915
===========
</TABLE>
See Notes to Financial Statements. 24
<PAGE>
RYDEX SERIES FUNDS
JUNO FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
CONTRACTS (NOTE 1)
---------- ------------
<S> <C> <C>
OPTIONS PURCHASED 4.4%
Put Options on:
June 2000 U.S. Treasury Bond Futures
Contracts, Expiring May 2000, with
strike 106......................... 50 $ 415,625
------------
Total Options Purchased (Cost
$567,662)........................ 415,625
------------
</TABLE>
<TABLE>
<CAPTION>
FACE AMOUNT
-----------
<S> <C> <C>
REPURCHASE AGREEMENTS 95.6%
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00................... $2,564,242 2,564,242
6.03% due 04/03/00................... 1,802,511 1,802,511
6.05% due 04/03/00................... 4,670,740 4,670,740
-----------
Total Repurchase Agreements (Cost
$9,037,493)...................... 9,037,493
-----------
Total Investments 100% (Cost
$9,605,155)...................... $ 9,453,118
===========
---------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
UNREALIZED
LOSS
CONTRACTS (NOTE 1)
---------- -----------
<S> <C> <C>
FUTURES CONTRACTS SOLD SHORT
June 2000 U. S. Treasury Bond
Futures Contracts
(Underlying Face Amount at Market
Value $8,108,063)................ 83 $ (209,955)
===========
</TABLE>
See Notes to Financial Statements. 25
<PAGE>
RYDEX SERIES FUNDS
ARKTOS FUND
SCHEDULE OF INVESTMENTS
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
FACE VALUE
AMOUNT (NOTE 1)
----------- ------------
<S> <C> <C>
FEDERAL AGENCY DISCOUNT NOTES 39.5%
Fannie Mae 6.00% 06/29/00.............. $25,000,000 $ 24,629,167
Federal Home Loan Banks 5.90%
04/19/00............................. 25,000,000 24,926,250
------------
Total Federal Agency Discount Notes
(Cost $49,555,417)............... 49,555,417
------------
</TABLE>
<TABLE>
<S> <C> <C>
REPURCHASE AGREEMENTS 60.5%
Repurchase Agreements Collateralized by
U.S. Treasury Obligations (Note 3):
6.00% due 04/03/00................... 21,523,665 21,523,665
6.03% due 04/03/00................... 15,129,871 15,129,871
6.05% due 04/03/00................... 39,205,129 39,205,129
------------
Total Repurchase Agreements (Cost
$75,858,665)..................... 75,858,665
------------
Total Investments 100% (Cost
$125,414,082)................ $125,414,082
============
</TABLE>
--------------------------------------------------------------------------------
See Notes to Financial Statements. 26
<PAGE>
RYDEX SERIES FUNDS
ARKTOS FUND
SCHEDULE OF INVESTMENTS (CONTINUED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
------ ------------
<S> <C> <C>
COMMON STOCKS SOLD SHORT
Microsoft Corp.*....................... 45,421 $ (4,825,981)
Cisco Systems, Inc.*................... 62,419 (4,825,769)
Intel Corp............................. 30,155 (3,978,575)
QUALCOMM, Inc.*........................ 22,243 (3,321,158)
Oracle Corp.*.......................... 30,565 (2,385,980)
JDS Uniphase Corp.*.................... 16,995 (2,048,960)
Immunex Corp.*......................... 28,869 (1,831,377)
Nextel Communications, Inc., Class
A*................................... 11,678 (1,731,263)
Sun Microsystems, Inc.*................ 17,791 (1,667,072)
VERITAS Software Corp.*................ 10,917 (1,430,127)
Dell Computer Corp.*................... 24,215 (1,306,097)
MCI WorldCom, Inc.*.................... 26,059 (1,180,798)
Yahoo! Inc.*........................... 6,526 (1,118,396)
Applied Materials, Inc.*............... 10,349 (975,393)
Xilinx, Inc.*.......................... 10,864 (899,675)
Global Crossing, Ltd.*................. 21,184 (867,220)
CMGI, Inc.*............................ 7,479 (847,464)
Apple Computer, Inc.*.................. 5,798 (787,441)
PMC-Sierra, Inc.*...................... 3,862 (786,641)
Amgen, Inc.*........................... 12,313 (755,710)
Maxim Integrated Products, Inc.*....... 9,924 (705,224)
Siebel Systems, Inc.*.................. 5,815 (694,529)
Network Appliance, Inc.*............... 8,159 (675,157)
Level 3 Communications, Inc.*.......... 6,341 (670,561)
Altera Corp.*.......................... 7,167 (639,655)
Metromedia Fiber Network, Inc., Class
A*................................... 6,371 (616,394)
Linear Technology Corp................. 11,086 (609,730)
Telefonaktiebolaget LM Ericsson,
Sponsored ADR........................ 6,300 (591,019)
VoiceStream Wireless Corp.*............ 4,335 (558,402)
CIENA Corp.*........................... 4,334 (546,626)
Applied Micro Circuits Corp.*.......... 3,521 (528,370)
ADC Telecommunications, Inc.*.......... 9,739 (524,689)
<CAPTION>
MARKET
VALUE
SHARES (NOTE 1)
------ ------------
<S> <C> <C>
i2 Technologies, Inc.*................. 4,270 $ (521,474)
KLA-Tencor Corp.*...................... $5,675 (478,119)
Gemstar International Group, Inc.,
Ltd.*................................ 5,528 (475,408)
Comcast Corp., Special Class A*........ 10,477 (454,440)
eBay, Inc.*............................ 2,520 (443,520)
EchoStar Communications Corp.*......... 5,526 (436,554)
Conexant Systems, Inc.*................ 6,024 (427,704)
Vitesse Semiconductor Corp.*........... 4,282 (412,142)
SDL, Inc.*............................. 1,867 (397,438)
Amazon.com, Inc.*...................... 5,759 (385,853)
Comverse Technology, Inc.*............. 2,020 (381,780)
Citrix Systems, Inc.*.................. 5,681 (376,366)
Tellabs, Inc.*......................... 5,776 (363,798)
Intuit, Inc.*.......................... 6,512 (354,090)
NTL, Inc.*............................. 3,747 (347,768)
Adobe Systems, Inc..................... 2,988 (332,602)
Biogen, Inc.*.......................... 4,718 (329,670)
BroadVision, Inc.*..................... 7,287 (327,004)
MedImmune, Inc.*....................... 1,841 (320,564)
RF Micro Devices, Inc.*................ 2,367 (318,066)
Network Solutions, Inc.*............... 2,056 (316,014)
Paychex, Inc........................... 6,018 (315,193)
Chiron Corp.*.......................... 6,274 (312,916)
Costco Wholesale Corp.*................ 5,933 (311,853)
Starbucks Corp.*....................... 6,367 (285,321)
Novell, Inc.*.......................... 9,874 (282,643)
NEXTLINK Communications Inc., Class
A*................................... 2,140 (264,691)
American Power Conversion Corp.*....... 6,140 (263,252)
Qlogic Corp.*.......................... 1,909 (258,669)
3Com Corp.*............................ 4,532 (252,092)
PanAmSat Corp.*........................ 5,124 (251,396)
At Home Corp., Series A*............... 7,328 (241,366)
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 27
<PAGE>
RYDEX SERIES FUNDS
ARKTOS FUND
SCHEDULE OF INVESTMENTS (CONCLUDED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MARKET
FACE VALUE
AMOUNT (NOTE 1)
----------- ------------
<S> <C> <C>
BMC Software, Inc.*.................... 4,813 $ (237,642)
Lycos, Inc.*........................... 3,365 (236,391)
Sanmina Corp.*......................... 3,442 (232,550)
RealNetworks, Inc.*.................... 3,651 (207,879)
Parametric Technology Corp.*........... 9,563 (201,421)
Cintas Corp............................ 5,067 (198,563)
PeopleSoft, Inc.*...................... 9,688 (193,760)
Bed Bath & Beyond, Inc.*............... 4,884 (192,307)
USA Networks, Inc.*.................... 7,598 (171,430)
Staples, Inc.*......................... 8,079 (161,580)
Adelphia Communications Corp.*......... 3,115 (152,635)
Fiserv, Inc.*.......................... 3,974 (147,783)
Molex, Inc............................. 2,431 (142,821)
Biomet, Inc............................ 3,830 (139,316)
Concord EFS Inc.*...................... 6,018 (138,038)
Genzyme Corp. - General Division*...... 2,703 (135,488)
Compuware Corp.*....................... 5,810 (122,373)
Network Associates, Inc.*.............. 3,656 (117,906)
Electronic Arts, Inc.*................. 1,649 $ (117,388)
<CAPTION>
MARKET
FACE VALUE
AMOUNT (NOTE 1)
----------- ------------
<S> <C> <C>
PACCAR, Inc............................ 2,280 (114,000)
CNET Networks, Inc.*................... 2,119 (107,407)
Legato Systems, Inc.*.................. 2,345 (104,646)
Smurfit-Stone Container Corp.*......... 6,008 (101,760)
Synopsys, Inc.*........................ 2,057 (100,279)
Dollar Tree Stores, Inc.*.............. 1,392 (72,558)
Quintiles Transnational Corp.*......... 4,205 (71,748)
Sigma-Aldrich Corp..................... 2,418 (64,984)
PacifiCare Health Systems Inc., Class
B*................................... 1,095 (54,613)
Apollo Group, Inc., Class A*........... 1,807 (50,935)
Herman Miller, Inc..................... 1,515 (42,420)
Northwest Airlines Corp.*.............. 1,789 (40,476)
VISX, Inc.*............................ 1,771 (32,321)
------------
Total Common Stocks Sold Short
(Proceeds $67,178,069)........... $(60,376,637)
============
</TABLE>
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNREALIZED
LOSS
CONTRACTS (NOTE 1)
--------- ------------
<S> <C> <C>
FUTURES CONTRACTS SOLD SHORT
June 2000 NASDAQ 100 Futures Contracts
(Underlying Face Amount at Market
Value $43,359,000)................... 97 $ (121,079)
============
</TABLE>
* NON-INCOME PRODUCING SECURITIES
See Notes to Financial Statements. 28
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF ASSETS AND LIABILITIES
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
MONEY
NOVA URSA MARKET OTC
FUND FUND FUND FUND
------------ ------------ -------------- --------------
<S> <C> <C> <C> <C>
ASSETS
Repurchase Agreements................ $ 93,227,883 $ 54,701,198 $ 288,040,330 $ 59,896,249
Investment Securities................ 646,660,577 251,581,563 1,133,780,939 3,819,312,125
------------ ------------ -------------- --------------
Securities at Value (Note 1)--See
Accompanying Schedules............. 739,888,460 306,282,761 1,421,821,269 3,879,208,374
Receivable for Securities Sold....... 11,048 -- -- --
Receivable for Futures Contracts
Settlement......................... 4,966,128 -- -- 1,353,750
Investment Income Receivable......... 352,301 9,165 4,922,191 22,843
Cash on Deposit with Broker.......... 4,368,750 -- -- 2,422,500
Receivable for Shares Purchased...... 148,132,003 7,592,528 53,594,451 195,948,644
Other Assets......................... 110 -- -- --
------------ ------------ -------------- --------------
Total Assets....................... 897,718,800 313,884,454 1,480,337,911 4,078,956,111
------------ ------------ -------------- --------------
LIABILITIES
Payable for Securities Purchased..... 2,450,899 -- -- 176,681,884
Payable for Futures Contracts
Settlement......................... -- 2,361,654 -- --
Liability for Shares Redeemed........ 33,269,968 18,304,165 580,696,035 21,129,498
Dividends Payable.................... -- -- 100,750 --
Investment Advisory Fee Payable...... 411,653 282,708 445,916 2,476,368
Transfer Agent Fee Payable........... 137,218 78,530 178,367 825,456
Distribution and Service Fee
Payable............................ 18,282 2,619 154,697 17,254
Other Liabilities.................... 35,975 83,356 383,273 1,338,192
------------ ------------ -------------- --------------
Total Liabilities.................. 36,323,995 21,113,032 581,959,038 202,468,652
------------ ------------ -------------- --------------
NET ASSETS............................. $861,394,805 $292,771,422 $ 898,378,873 $3,876,487,459
============ ============ ============== ==============
INVESTOR CLASS:
Net Assets........................... $748,146,825 $288,218,262 $ 686,197,513 $3,762,539,918
Shares Outstanding................... 17,841,139 37,512,335 686,612,592 38,707,619
Net Asset Value Per Share............ $41.93 $7.68 $1.00 $97.20
ADVISOR CLASS:
Net Assets........................... $113,247,980 $ 4,553,160 $ 212,181,360 $ 113,947,541
Shares Outstanding................... 2,720,230 598,529 212,440,056 1,181,145
Net Asset Value Per Share............ $41.63 $7.61 $1.00 $96.47
</TABLE>
See Notes to Financial Statements. 29
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF ASSETS AND LIABILITIES (CONCLUDED)
--------------------------------------------------------------------------------
March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S.
GOVERNMENT JUNO ARKTOS
BOND FUND FUND FUND
----------- ----------- ------------
<S> <C> <C> <C>
ASSETS
Repurchase Agreements................ $ 2,671,528 $ 9,037,493 $ 75,858,665
Investment Securities................ 25,555,387 415,625 49,555,417
----------- ----------- ------------
Securities at Value (Note 1)--See
Accompanying Schedules............. 28,226,915 9,453,118 125,414,082
Receivable--Short Sales Open......... -- -- 67,178,069
Receivable for Securities Sold....... 9,052,493 -- --
Investment Income Receivable......... 536,683 1,514 12,710
Cash on Deposit with Broker.......... -- -- 27,544,032
Receivable for Shares Purchased...... 214,414 585,034 2,119,441
Other Assets......................... -- -- 73,758
----------- ----------- ------------
Total Assets....................... 38,030,505 10,039,666 222,342,092
----------- ----------- ------------
LIABILITIES
Payable for Securities Purchased..... -- -- 1,272,032
Payable for Futures Contracts
Settlement......................... -- 41,500 1,864,644
Short Sale at Market Value........... -- -- 60,376,637
Liability for Shares Redeemed........ 9,902,290 32,405 55,380,808
Dividends Payable.................... 4,290 -- --
Investment Advisory Fee Payable...... 9,625 7,573 89,586
Transfer Agent Fee Payable........... 3,850 2,104 23,752
Other Liabilities.................... 5,402 14,996 174,789
----------- ----------- ------------
Total Liabilities.................. 9,925,457 98,578 119,182,248
----------- ----------- ------------
NET ASSETS............................. $28,105,048 $ 9,941,088 $103,159,844
=========== =========== ============
INVESTOR CLASS:
Net Assets........................... $28,105,048 $ 9,941,088 $103,159,844
Shares Outstanding................... 3,009,024 1,104,632 29,601,103
Net Asset Value Per Share............ $9.34 $9.00 $3.49
ADVISOR CLASS:
Net Assets........................... N/A N/A N/A
Shares Outstanding...................
Net Asset Value Per Share............
</TABLE>
See Notes to Financial Statements. 30
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF OPERATIONS
--------------------------------------------------------------------------------
Year Ended March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
MONEY OTC
NOVA FUND URSA FUND MARKET FUND FUND
------------ ------------ ----------- --------------
<S> <C> <C> <C> <C>
INVESTMENT INCOME
Interest (Note 1).................... $ 11,146,374 $ 23,793,536 $57,583,436 $ 2,063,398
Dividends, net of foreign tax
withheld (Note 1).................. 6,014,408 -- -- 928,854
Other Income......................... 20,824 55,240 3,194 --
------------ ------------ ----------- --------------
Total Income....................... 17,181,606 23,848,776 57,586,630 2,992,252
------------ ------------ ----------- --------------
EXPENSES
Advisory Fees (Note 4)............... 5,270,996 4,186,918 5,487,437 15,907,226
Transfer Agent Fees (Note 4)......... 1,756,911 1,163,033 2,194,975 4,407,018
Audit and Outside Services........... 134,149 78,522 189,200 304,719
Accounting Fees (Note 4)............. 161,882 118,877 234,105 392,958
Legal................................ 54,010 32,756 78,422 113,698
Registration Fees.................... 197,214 104,330 285,265 358,971
Custodian Fees....................... 420,127 185,880 427,805 862,003
Distribution Fees--Advisor Class
(Note 4)........................... 102,313 13,867 752,411 180,661
Servicing Fees--Advisor Class (Note
4)................................. 102,313 13,867 752,411 180,661
Miscellaneous........................ 329,663 270,029 917,842 2,191,780
------------ ------------ ----------- --------------
Total Expenses..................... 8,529,578 6,168,079 11,319,873 24,899,695
Custodian Fees Paid Indirectly
(Note 5)......................... 40,362 26,675 63,012 122,110
------------ ------------ ----------- --------------
Net Expenses....................... 8,489,216 6,141,404 11,256,861 24,777,585
------------ ------------ ----------- --------------
Net Investment Income (Loss)........... 8,692,390 17,707,372 46,329,769 (21,785,333)
------------ ------------ ----------- --------------
REALIZED AND UNREALIZED GAIN (LOSS) ON
INVESTMENTS
Net Realized Gain (Loss) on:
Investment Securities................ 8,771,704 (2,892,547) (449,126) (27,576,890)
Written Options...................... (166,897) -- -- --
Futures Contracts.................... (11,608,257) (62,949,675) -- 17,897,480
------------ ------------ ----------- --------------
Total Net Realized Loss (3,003,450) (65,842,222) (449,126) (9,679,410)
------------ ------------ ----------- --------------
Net Change in Unrealized Appreciation
(Depreciation) on:
Investment Securities................ 52,356,915 (3,640) -- 1,694,135,297
Futures Contracts.................... 46,635,083 (23,909,708) -- (211,245)
------------ ------------ ----------- --------------
Net Change in Unrealized
Appreciation (Depreciation)...... 98,991,998 (23,913,348) -- 1,693,924,052
------------ ------------ ----------- --------------
Net Gain (Loss) on Investments..... 95,988,548 (89,755,570) (449,126) 1,684,244,642
------------ ------------ ----------- --------------
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS...................... $104,680,938 $(72,048,198) $45,880,643 $1,662,459,309
============ ============ =========== ==============
</TABLE>
See Notes to Financial Statements. 31
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF OPERATIONS (CONCLUDED)
--------------------------------------------------------------------------------
Year Ended March 31, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
BOND FUND JUNO FUND ARKTOS FUND
----------- --------- -------------
<S> <C> <C> <C>
INVESTMENT INCOME
Interest (Note 1).................... $ 1,346,605 $ 902,791 $ 5,284,285
Other Income......................... 25,673 -- 94,365
----------- --------- -------------
Total Income....................... 1,372,278 902,791 5,378,650
----------- --------- -------------
EXPENSES
Advisory Fees (Note 4)............... 115,638 167,258 1,166,576
Transfer Agent Fees (Note 4)......... 46,255 46,461 323,351
Audit and Outside Services........... 4,192 3,067 21,654
Accounting Fees (Note 4)............. 21,209 17,635 56,234
Legal................................ 2,064 1,315 8,826
Organizational Expenses.............. -- 6,268 --
Registration Fees.................... 6,116 5,147 28,271
Custodian Fees....................... 9,393 7,417 50,857
Miscellaneous........................ 9,836 18,943 253,444
----------- --------- -------------
Total Expenses..................... 214,703 273,511 1,909,213
Custodian Fees Paid Indirectly
(Note 5)......................... 1,326 1,066 7,479
----------- --------- -------------
Net Expenses....................... 213,377 272,445 1,901,734
----------- --------- -------------
Net Investment Income.................. 1,158,901 630,346 3,476,916
----------- --------- -------------
REALIZED AND UNREALIZED GAIN (LOSS) ON
INVESTMENTS
Net Realized Gain (Loss) on:
Investment Securities................ (3,145,895) 178,545 12,400
Futures Contracts.................... -- 111,244 (40,600,776)
Securities Sold Short................ -- -- (92,398,473)
----------- --------- -------------
Total Net Realized Gain (Loss)..... (3,145,895) 289,789 (132,986,849)
----------- --------- -------------
Net Change in Unrealized Appreciation
(Depreciation) on:
Investment Securities................ 1,081,061 (125,157) --
Futures Contracts.................... -- (169,412) 708,901
Securities Sold Short................ -- -- 5,294,173
----------- --------- -------------
Net Change in Unrealized
Appreciation (Depreciation)...... 1,081,061 (294,569) 6,003,074
----------- --------- -------------
Net Gain (Loss) on Investments..... (2,064,834) (4,780) (126,983,775)
----------- --------- -------------
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS...................... $ (905,933) $ 625,566 $(123,506,859)
=========== ========= =============
</TABLE>
See Notes to Financial Statements. 32
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF CHANGES IN NET ASSETS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
NOVA FUND URSA FUND
-------------------------------- --------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
MARCH 31, 2000 MARCH 31, 1999 MARCH 31, 2000 MARCH 31, 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
FROM OPERATIONS
Net Investment Income................ $ 8,692,390 $ 11,022,253 $ 17,707,372 $ 17,652,638
Net Realized Gain (Loss) on
Investments........................ (3,003,450) 67,549,212 (65,842,222) (136,781,903)
Net Change in Unrealized Appreciation
(Depreciation) of Investments...... 98,991,998 28,288,751 (23,913,348) 9,982,453
------------ ------------- ------------- -------------
Net Increase (Decrease) in Net
Assets from Operations........... 104,680,938 106,860,216 (72,048,198) (109,146,812)
------------ ------------- ------------- -------------
DISTRIBUTIONS TO SHAREHOLDERS
From Net Investment Income (Note 1)
Investor Class..................... (235,161) (13,321,698) (2,856,773) (1,171,704)
Advisor Class...................... (30,709) -- (23,906) (207)
In Excess of Current Year Net
Investment Income
Investor Class..................... -- -- -- --
Advisor Class...................... -- (611,488) -- --
------------ ------------- ------------- -------------
Total Distributions to
Shareholders..................... (265,870) (13,933,186) (2,880,679) (1,171,911)
------------ ------------- ------------- -------------
NET INCREASE (DECREASE) IN NET ASSETS
FROM SHARE TRANSACTIONS (NOTE 8)..... 65,517,664 (387,711,572) (117,712,551) 341,506,353
------------ ------------- ------------- -------------
Net Increase (Decrease) in Net
Assets............................... 169,932,732 (294,784,542) (192,641,428) 231,187,630
NET ASSETS--BEGINNING OF PERIOD........ 691,462,073 986,246,615 485,412,850 254,225,220
------------ ------------- ------------- -------------
NET ASSETS--END OF PERIOD.............. $861,394,805 $ 691,462,073 $ 292,771,422 $ 485,412,850
============ ============= ============= =============
</TABLE>
See Notes to Financial Statements. 33
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF CHANGES IN NET ASSETS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S. GOVERNMENT
MONEY MARKET FUND OTC FUND
-------------------------------- --------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
MARCH 31, 2000 MARCH 31, 1999 MARCH 31, 2000 MARCH 31, 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
FROM OPERATIONS
Net Investment Income (Loss)......... $ 46,329,769 $ 33,566,412 $ (21,785,333) $ (6,688,414)
Net Realized Gain (Loss) on
Investments........................ (449,126) (15,218) (9,679,410) 3,487,885
Net Change in Unrealized Appreciation
of Investments..................... -- -- 1,693,924,052 382,781,711
-------------- -------------- -------------- --------------
Net Increase in Net Assets from
Operations....................... 45,880,643 33,551,194 1,662,459,309 379,581,182
-------------- -------------- -------------- --------------
DISTRIBUTIONS TO SHAREHOLDERS
From Net Investment Income (Note 1)
Investor Class..................... (34,870,882) (25,385,626) -- --
Advisor Class...................... (11,663,104) (8,243,097) -- --
From Realized Gain on Investments
Investor Class..................... -- -- (14,682,645) (5,572,180)
Advisor Class...................... -- -- (358,709) (1,924)
-------------- -------------- -------------- --------------
Total Distributions to
Shareholders..................... (46,533,986) (33,628,723) (15,041,354) (5,574,104)
-------------- -------------- -------------- --------------
NET INCREASE (DECREASE) IN NET ASSETS
FROM SHARE TRANSACTIONS (NOTE 8) (372,350,843) 1,018,165,864 944,605,638 460,663,055
-------------- -------------- -------------- --------------
Net Increase (Decrease) in Net
Assets........................... (373,004,186) 1,018,088,335 2,592,023,593 834,670,133
NET ASSETS--BEGINNING OF PERIOD........ 1,271,383,059 253,294,724 1,284,463,866 449,793,733
-------------- -------------- -------------- --------------
NET ASSETS--END OF PERIOD.............. $ 898,378,873 $1,271,383,059 $3,876,487,459 $1,284,463,866
============== ============== ============== ==============
</TABLE>
See Notes to Financial Statements. 34
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF CHANGES IN NET ASSETS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S. GOVERNMENT BOND FUND JUNO FUND
-------------------------------- --------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
MARCH 31, 2000 MARCH 31, 1999 MARCH 31, 2000 MARCH 31, 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
FROM OPERATIONS
Net Investment Income................ $ 1,158,901 $ 1,399,023 $ 630,346 $ 408,770
Net Realized Gain (Loss) on
Investments........................ (3,145,895) (1,845,458) 289,789 (647,718)
Net Change in Unrealized Appreciation
(Depreciation) of Investments...... 1,081,061 (539,629) (294,569) 28,510
----------- ----------- ----------- -----------
Net Increase (Decrease) in Net
Assets from Operations........... (905,933) (986,064) 625,566 (210,438)
----------- ----------- ----------- -----------
DISTRIBUTIONS TO SHAREHOLDERS
From Net Investment Income (Note 1)
Investor Class..................... (1,158,871) (1,410,313) (52,412) (18,344)
Advisor Class...................... -- -- -- --
From Realized Gain on Investments
Investor Class..................... -- (37,296) -- --
Advisor Class...................... -- -- -- --
----------- ----------- ----------- -----------
Total Distributions to
Shareholders..................... (1,158,871) (1,447,609) (52,412) (18,344)
----------- ----------- ----------- -----------
NET INCREASE (DECREASE) IN NET ASSETS
FROM SHARE TRANSACTIONS (NOTE 8)..... 2,547,184 9,548,541 (3,421,387) 130,975
----------- ----------- ----------- -----------
Net Increase (Decrease) in Net
Assets........................... 482,380 7,114,868 (2,848,233) (97,807)
NET ASSETS--BEGINNING OF PERIOD........ 27,622,668 20,507,800 12,789,321 12,887,128
----------- ----------- ----------- -----------
NET ASSETS--END OF PERIOD.............. $28,105,048 $27,622,668 $ 9,941,088 $12,789,321
=========== =========== =========== ===========
</TABLE>
See Notes to Financial Statements. 35
<PAGE>
RYDEX SERIES FUNDS
STATEMENT OF CHANGES IN NET ASSETS (CONCLUDED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ARKTOS FUND
---------------------------------
YEAR ENDED PERIOD ENDED
MARCH 31, 2000 MARCH 31, 1999*
-------------- ---------------
<S> <C> <C>
FROM OPERATIONS
Net Investment Income................ $ 3,476,916 $ 727,358
Net Realized Loss on Investments..... (132,986,849) (43,637,234)
Net Change in Unrealized Appreciation
of Investments..................... 6,003,074 677,279
------------ ------------
Net Decrease in Net Assets from
Operations....................... (123,506,859) (42,232,597)
------------ ------------
DISTRIBUTIONS TO SHAREHOLDERS
From Net Investment Income (Note 1)
Investor Class..................... (497,000) (40,000)
Advisor Class...................... -- --
------------ ------------
Total Distributions to
Shareholders..................... (497,000) (40,000)
------------ ------------
NET INCREASE IN NET ASSETS FROM SHARE
TRANSACTIONS (NOTE 8)................ 108,541,248 160,895,052
------------ ------------
Net Increase (Decrease) in Net
Assets........................... (15,462,611) 118,622,455
NET ASSETS--BEGINNING OF PERIOD........ 118,622,455 --
------------ ------------
NET ASSETS--END OF PERIOD.............. $103,159,844 $118,622,455
============ ============
</TABLE>
* COMMENCEMENT OF OPERATIONS: SEPTEMBER 3, 1998
See Notes to Financial Statements. 36
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
NOVA FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998 1997 1996 1995
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $34.87 $29.82 $17.89 $15.68 $11.81 $9.77
--------- --------- --------- --------- -------- --------
Net Investment Income................ .47 .45 .59 .35 .56 .28
Net Realized and Unrealized Gains on
Securities......................... 6.60 5.01 11.39 2.19 3.31 2.88
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value
Resulting from Operations.......... 7.07 5.46 11.98 2.54 3.87 3.16
Distributions to Shareholders from:
Net Investment Income.............. (.01) (.41) -- -- -- (.29)
Net Realized Capital Gain.......... -- -- (.05) (.33) -- (.83)
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value...... 7.06 5.05 11.93 2.21 3.87 2.04
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $41.93 $34.87 $29.82 $17.89 $15.68 $11.81
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ 20.29% 18.54% 67.02% 20.92%* 32.77% 32.65%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.18% 1.19% 1.13% 1.19%*
Net Expenses......................... 1.18% 1.19% 1.11% 1.16%* 1.31% 1.43%
Net Investment Income................ 1.26% 1.47% 2.42% 2.69%* 3.14% 2.62%
SUPPLEMENTARY DATA:
Portfolio Turnover Rate**............ 311% 445% -- -- -- --
Net Assets, End of Year (000's
omitted)........................... $748,147 $655,275 $986,247 $181,930 $224,541 $62,916
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* ANNUALIZED
** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR. FOR THE YEARS ENDED
MARCH 31, 1998 AND PRIOR, THE NOVA FUND TYPICALLY HELD MOST OF ITS
INVESTMENTS IN OPTIONS AND FUTURES CONTRACTS WHICH ARE DEEMED SHORT-TERM
SECURITIES.
See Notes to Financial Statements. 37
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
URSA FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998++ 1997++ 1996++ 1995++
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $8.66 $9.92 $14.04 $15.10 $17.58 $21.08
--------- --------- --------- --------- -------- --------
Net Investment Income................ .32 .25 .38 .34 .60 .70
Net Realized and Unrealized Losses on
Securities......................... (1.24) (1.48) (4.46) (1.36) (3.08) (3.56)
--------- --------- --------- --------- -------- --------
Net Decrease in Net Asset Value
Resulting from Operations.......... (.92) (1.23) (4.08) (1.02) (2.48) (2.86)
Distributions to Shareholders from
Net Investment Income.............. (.06) (.03) (.04) (.04) -- (.64)
--------- --------- --------- --------- -------- --------
Net Decrease in Net Asset Value...... (.98) (1.26) (4.12) (1.06) (2.48) (3.50)
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $7.68 $8.66 $9.92 $14.04 $15.10 $17.58
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ (10.64)% (12.47)% (29.06)% (8.98)%* (14.11)% (14.08)%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.32% 1.39% 1.36% 1.36%*
Net Expenses......................... 1.31% 1.38% 1.34% 1.34%* 1.39% 1.39%
Net Investment Income................ 3.81% 3.29% 3.18% 3.21%* 3.38% 3.50%
SUPPLEMENTARY DATA:
Portfolio Turnover Rate**............ -- -- -- -- -- --
Net Assets, End of Year (000's
omitted)........................... $288,218 $482,340 $254,225 $582,288 $192,553 $127,629
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
++ PER SHARE AMOUNTS FOR THE PERIODS ENDED JUNE 30, 1995 THROUGH MARCH 31,
1998 HAVE BEEN RESTATED TO REFLECT A 1:2 REVERSE STOCK SPLIT EFFECTIVE
AUGUST 14, 1998.
* ANNUALIZED
** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR. THE URSA FUND
TYPICALLY HOLDS MOST OF ITS INVESTMENTS IN OPTIONS AND FUTURES CONTRACTS
WHICH ARE DEEMED SHORT-TERM SECURITIES.
See Notes to Financial Statements. 38
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S. GOVERNMENT MONEY MARKET FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998 1997 1996 1995
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
--------- --------- --------- --------- -------- --------
Net Investment Income................ .04 .04 .04 .03 .04 .04
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value
Resulting from Operations.......... .04 .04 .04 .03 .04 .04
Distributions to Shareholders from
Net Investment Income.............. (.04) (.04) (.04) (.03) (.04) (.04)
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value...... .00 .00 .00 .00 .00 .00
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ 4.48% 4.55% 4.69% 4.39%* 4.60% 4.43%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses..................... 0.89% 0.84% 0.89% 0.86%*
Net Expenses....................... 0.88% 0.83% 0.89% 0.86%* 0.99% 0.89%
Net Investment Income.............. 4.36% 4.37% 4.37% 4.06%* 4.18% 4.23%
SUPPLEMENTARY DATA:
Net Assets, End of Year (000's
omitted)........................... $686,198 $949,802 $253,295 $283,553 $153,925 $284,198
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* ANNUALIZED
See Notes to Financial Statements. 39
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
OTC FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998 1997 1996 1995
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $47.70 $27.68 $17.93 $15.16 $12.22 $8.76
--------- --------- --------- --------- -------- --------
Net Investment Income (Loss)......... (.67) (.36) (.14) .01 .06 .14
Net Realized and Unrealized Gains on
Securities......................... 50.64 20.65 9.99 2.84 3.24 4.17
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value
Resulting from Operations.......... 49.97 20.29 9.85 2.85 3.30 4.31
Distributions to Shareholders from:
Net Investment Income.............. -- -- -- (.07) -- (.12)
Net Realized Capital Gain.......... (.47) (.27) (.10) (.01) (.36) (.73)
--------- --------- --------- --------- -------- --------
Net Increase in Net Asset Value...... 49.50 20.02 9.75 2.77 2.94 3.46
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $97.20 $47.70 $27.68 $17.93 $15.16 $12.22
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ 105.32% 73.73% 55.05% 24.77%* 26.44% 49.00%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.15% 1.15% 1.13% 1.27%*
Net Expenses......................... 1.15% 1.15% 1.13% 1.27%* 1.33% 1.41%
Net Investment Income (Loss)......... (1.01)% (0.97)% (0.58)% 0.08%* 0.44% 1.34%
SUPPLEMENTARY DATA:
Portfolio Turnover Rate**............ 385% 773% 972% 1,140% 2,579% 2,241%
Net Assets, End of Year (000's
omitted)........................... $3,762,540 $1,277,571 $449,794 $52,278 $48,716 $61,948
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* ANNUALIZED
** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR.
See Notes to Financial Statements. 40
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
U.S. GOVERNMENT BOND FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998 1997 1996 1995
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $10.05 $10.04 $8.52 $8.97 $9.55 $8.24
--------- --------- --------- --------- -------- --------
Net Investment Income................ .46 .42 .45 .34 .46 .39
Net Realized and Unrealized Gains
(Losses) on Securities............. (.71) .02 1.50 (.45) (.45) 1.17
--------- --------- --------- --------- -------- --------
Net Increase (Decrease) in Net Asset
Value Resulting from Operations.... (.25) .44 1.95 (.11) .01 1.56
Distribution to Shareholders from:
Net Investment Income.............. (.46) (.42) (.43) (.34) (.46) (.25)
Net Realized Capital Gain.......... -- (.01) -- -- (.13) --
--------- --------- --------- --------- -------- --------
Net Increase (Decrease) in Net Asset
Value.............................. (.71) .01 1.52 (.45) (.58) 1.31
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $9.34 $10.05 $10.04 $8.52 $8.97 $9.55
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ (2.26)% 4.24% 24.72% (0.46)%* (1.48)% 18.97%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 0.93% 0.97% 1.13% 1.51%*
Net Expenses......................... 0.92% 0.96% 1.11% 1.49%* 1.26% 2.26%
Net Investment Income................ 5.01% 3.88% 4.65% 5.06%* 4.73% 4.64%
SUPPLEMENTARY DATA:
Portfolio Turnover Rate**............ 890% 1,339% 1,496% 962% 780% 3,453%
Net Assets, End of Year (000's
omitted)........................... $28,105 $27,623 $20,508 $3,302 $18,331 $2,592
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* ANNUALIZED
** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR.
See Notes to Financial Statements. 41
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
JUNO FUND
--------------------------------------------------------------
INVESTOR CLASS
--------------------------------------------------------------
YEAR YEAR YEAR PERIOD YEAR PERIOD
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, MARCH 31, JUNE 30, JUNE 30,
2000 1999 1998 1997 1996 1995*
--------- --------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $8.70 $8.65 $9.69 $9.47 $9.08 $10.00
--------- --------- --------- --------- -------- --------
Net Investment Income................ .31 .27 .16 .25 .34 .14
Net Realized and Unrealized Gains
(Losses) on Securities............. .04 (.20) (1.12) -- .05 (1.06)
--------- --------- --------- --------- -------- --------
Net Increase (Decrease) in Net Asset
Value Resulting from Operations.... .35 .07 (.96) .25 .39 (.92)
Distributions to Shareholders from
Net Investment Income.............. (.05) (.02) (.08) (.03) -- --
--------- --------- --------- --------- -------- --------
Net Increase (Decrease) in Net Asset
Value.............................. .30 .05 (1.04) .22 .39 (.92)
--------- --------- --------- --------- -------- --------
NET ASSET VALUE--END OF PERIOD......... $9.00 $8.70 $8.65 $9.69 $9.47 $9.08
========= ========= ========= ========= ======== ========
TOTAL INVESTMENT RETURN................ 3.97% 0.78% (9.92)% 3.75%** 4.30% (9.20)%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.47% 1.57% 1.61% 1.60%**
Net Expenses......................... 1.47% 1.56% 1.59% 1.58%** 1.64% 1.50%**
Net Investment Income................ 3.39% 3.25% 3.55% 3.51%** 3.63% 1.32%**
SUPPLEMENTARY DATA:
Portfolio Turnover Rate***........... -- -- -- -- -- --
Net Assets, End of Year (000's
omitted)........................... $9,941 $12,789 $12,887 $32,577 $18,860 $4,301
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* COMMENCEMENT OF OPERATIONS: MARCH 3, 1995
** ANNUALIZED
*** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR. THE JUNO FUND
TYPICALLY HOLDS MOST OF ITS INVESTMENTS IN OPTIONS AND FUTURES CONTRACTS
WHICH ARE DEEMED SHORT-TERM SECURITIES.
See Notes to Financial Statements. 42
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ARKTOS FUND
--------------------
INVESTOR CLASS
--------------------
YEAR PERIOD
ENDED ENDED
MARCH 31, MARCH 31,
2000 1999*
--------- ---------
<S> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $8.04 $15.00
--------- ---------
Net Investment Income................ .15 .13
Net Realized and Unrealized Losses on
Securities......................... (4.68) (7.08)
--------- ---------
Net Decrease in Net Asset Value
Resulting from Operations.......... (4.53) (6.95)
Distributions to Shareholders from
Net Investment Income.............. (.02) (.01)
--------- ---------
Net Decrease in Net Asset Value...... (4.55) (6.96)
--------- ---------
NET ASSET VALUE--END OF PERIOD......... $3.49 $8.04
========= =========
TOTAL INVESTMENT RETURN................ (56.39)% (46.35)%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.46% 1.38%**
Net Expenses......................... 1.46% 1.37%**
Net Investment Income................ 2.67% 2.20%**
SUPPLEMENTARY DATA:
Portfolio Turnover Rate***........... 1,157% 1,332%
Net Assets, End of Year (000's
omitted)........................... $103,160 $118,622
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* COMMENCEMENT OF OPERATIONS: SEPTEMBER 3, 1998
** ANNUALIZED
*** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR.
See Notes to Financial Statements. 43
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ADVISOR CLASS
------------------------------------------
NOVA FUND URSA FUND
-------------------- --------------------
YEAR PERIOD YEAR PERIOD
ENDING ENDING ENDING ENDING
MARCH 31, MARCH 31, MARCH 31, MARCH 31,
2000 1999* 2000 1999*
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $34.78 $26.91 $8.62 $10.25
--------- --------- --------- ---------
Net Investment Income (Loss)......... .31 (.11) .30 .21
Net Realized and Unrealized Gains
(Losses) on Securities............. 6.55 8.39 (1.25) (1.81)
--------- --------- --------- ---------
Net Increase (Decrease) in Net Asset
Value Resulting from Operations.... 6.86 8.28 (.95) (1.60)
Distributions to Shareholders from:
Net Investment Income.............. (.01) -- (.06) (0.03)
In Excess of Current Period Net
Investment Income................ -- (.41) -- --
--------- --------- --------- ---------
Net Increase (Decrease) in Net
Asset Value...................... 6.85 7.87 (1.01) (1.63)
--------- --------- --------- ---------
NET ASSET VALUE--END OF PERIOD......... $41.63 $34.78 $7.61 $8.62
========= ========= ========= =========
TOTAL INVESTMENT RETURN................ 19.74% 31.03% (11.03)% (15.68)%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.71% 1.60%** 1.84% 1.86%**
Net Expenses......................... 1.70% 1.58%** 1.83% 1.85%**
Net Investment Income (Loss)......... 0.87% (0.70)%** 3.51% 2.96%**
SUPPLEMENTARY DATA:
Portfolio Turnover Rate***........... 311% 445% -- --
Net Assets, End of Year (000's
omitted)........................... $113,248 $36,187 $4,553 $3,073
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* SINCE THE COMMENCEMENT OF OPERATIONS: OCTOBER 15, 1998--NOVA FUND;
AUGUST 5, 1998--URSA FUND,
** ANNUALIZED
*** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR. THE URSA FUND
TYPICALLY HOLDS MOST OF ITS INVESTMENTS IN OPTIONS AND FUTURES CONTRACTS
WHICH ARE DEEMED SHORT-TERM SECURITIES.
See Notes to Financial Statements. 44
<PAGE>
RYDEX SERIES FUNDS
FINANCIAL HIGHLIGHTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ADVISOR CLASS
------------------------------------------
U.S. GOVERNMENT
MONEY MARKET FUND OTC FUND
-------------------- --------------------
YEAR PERIOD YEAR PERIOD
ENDING ENDING ENDING ENDING
MARCH 31, MARCH 31, MARCH 31, MARCH 31,
2000 1999* 2000 1999*
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:+
NET ASSET VALUE--BEGINNING OF PERIOD... $1.00 $1.00 $47.59 $30.52
--------- --------- --------- ---------
Net Investment Income (Loss)......... .04 .04 (.98) (.31)
Net Realized and Unrealized Gains on
Securities......................... -- -- 50.33 17.65
--------- --------- --------- ---------
Net Increase in Net Asset Value
Resulting from Operations.......... .04 .04 49.35 17.34
Distributions to Shareholders from:
Net Investment Income.............. (.04) (.04) -- --
Net Realized Capital Gain.......... -- -- (.47) (.27)
--------- --------- --------- ---------
Net Increase in Net Asset Value.... .00 .00 48.88 17.07
--------- --------- --------- ---------
NET ASSET VALUE--END OF PERIOD......... $1.00 $1.00 $96.47 $47.59
========= ========= ========= =========
TOTAL INVESTMENT RETURN................ 3.94% 4.02% 104.26% 57.20%
RATIOS TO AVERAGE NET ASSETS
Gross Expenses....................... 1.41% 1.34%** 1.62% 1.49%**
Net Expenses......................... 1.40% 1.33%** 1.61% 1.47%**
Net Investment Income (Loss)......... 3.85% 3.83%** (1.47)% (1.31)%**
SUPPLEMENTARY DATA:
Portfolio Turnover Rate***........... -- -- 385% 773%
Net Assets, End of Year (000's
omitted)........................... $212,181 $321,581 $113,948 $6,893
</TABLE>
+ CALCULATED USING THE AVERAGE DAILY SHARES OUTSTANDING FOR THE YEAR.
* SINCE THE COMMENCEMENT OF OPERATIONS: SEPTEMBER 22, 1998--OTC FUND;
APRIL 1, 1998--U.S. GOVERNMENT MONEY MARKET FUND.
** ANNUALIZED
*** PORTFOLIO TURNOVER RATIO IS CALCULATED WITHOUT REGARD TO SHORT-TERM
SECURITIES HAVING A MATURITY OF LESS THAN ONE YEAR.
See Notes to Financial Statements. 45
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. SIGNIFICANT ACCOUNTING POLICIES
The Rydex Series Funds (the "Trust") is registered with the Securities and
Exchange Commission under the Investment Company Act of 1940 (the "1940 Act") as
a non-diversified, open-ended investment company, and is authorized to issue an
unlimited number of shares. The Trust offers two separate classes of shares,
Investor Class Shares and Advisor Class Shares. Sales of shares of each Class
are made without a sales charge at the net asset value per share. At March 31,
2000, the Trust consisted of twenty-two separate series: six benchmark funds;
one money market fund; and fifteen sector funds. This report covers the six
benchmark funds and the money market fund (the "Funds"), while the Sector Funds
are contained in a separate report.
During 1997, the Trust changed its fiscal year end from June 30 to March 31.
Accordingly, statements for the period ended March 31, 1997 reflect nine months
of activity.
The following significant accounting policies are in conformity with generally
accepted accounting principles and are consistently followed by the Trust.
A. Securities listed on an exchange are valued at the last quoted sales price as
of 4:00 P.M. on the valuation date. Securities not traded on an exchange are
valued at their last sales price. Listed options held by the Trust are valued at
their last bid price. Over-the-counter options held by the Trust are valued
using the average bid price obtained from one or more security dealers. The
value of futures contracts purchased and sold by the Trust are accounted for
using the unrealized gain or loss on the contracts that is determined by marking
the contracts to their current realized settlement prices. Short-term securities
are valued at amortized cost, which approximates market value. Securities and
assets for which market quotations are not readily available are valued at fair
value as determined in good faith by or under direction of the Board of Trustees
or by the Advisor using methods established or ratified by the Board of
Trustees.
B. Securities transactions are recorded on trade date for financial reporting
purposes. Realized gains and losses from securities transactions are recorded
using the identified cost basis. Dividend income is recorded on the ex-dividend
date, net of applicable taxes withheld by foreign countries, and subsequently
adjusted to reflect actual holdings on the record date. Interest income is
accrued on a daily basis.
C. Net investment income is computed and dividends are declared daily in the
U.S. Government Money Market Fund and the U.S. Government Bond Fund. Income
dividends in these funds are paid monthly. Dividends are reinvested in
additional shares unless shareholders request payment in cash.
46
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Generally, short-term capital gains, if any, are distributed monthly in the U.S.
Government Money Market Fund.
D. When the Trust engages in a short sale, an amount equal to the proceeds is
reflected as an asset and an equivalent liability. The amount of the liability
is subsequently marked to market to reflect the market value of the short sale.
The Trust maintains a segregated account of securities as collateral for the
short sales. The Trust is exposed to market risk based on the amount, if any,
that the market value of the stock exceeds the market value of the securities in
the segregated account.
E. When the Trust writes (sells) an option, an amount equal to the premium
received is entered in the Trust's accounting records as an asset and equivalent
liability. The amount of the liability is subsequently marked to market to
reflect the current value of the option written. When an option expires, or if
the Trust enters into a closing purchase transaction, the Trust realizes a gain
(or loss if the cost of a closing purchase transaction exceeds the premium
received when the option was sold).
F. The Trust may purchase or sell stock and bond index futures contracts and
options on such futures contracts. Futures contracts are contracts for delayed
delivery of securities at a specified future delivery date and at a specific
price. Upon entering into a contract, the Trust deposits and maintains as
collateral such initial margin as required by the exchange on which the
transaction is effected. Pursuant to the contract, the Trust agrees to receive
from or pay to the broker an amount of cash equal to the daily fluctuation in
value of the contract. Such receipts or payments are known as variation margin
and are recorded by the Trust as unrealized gains or losses. When the contract
is closed, the Trust records a realized gain or loss equal to the difference
between the value of the contract at the time it was opened and the value at the
time it was closed.
G. Futures contracts and written options involve to varying degrees, elements of
market risk and risks in excess of the amounts recognized in the Statements of
Assets and Liabilities. The face or contract amounts reflect the extent of the
involvement each fund has in the particular classes of instruments. Risks may be
caused by an imperfect correlation between movements in the price of the
instruments and the price of the underlying securities.
H. The Trust intends to comply with the provisions of the Internal Revenue Code
applicable to regulated investment companies and will distribute all net
investment income to its shareholders. Therefore, no Federal income tax
provision is required.
I. Costs incurred by the individual Funds in connection with their organization
and registration prior to December 31, 1997 were deferred and amortized on the
straight-line method over a five-year period beginning on the date on which the
individual Fund commenced its investment activities.
47
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Costs incurred subsequent to this date, and those related to the organization
and registration of the Sector Funds and the Advisor classes of certain Funds
have been expensed as incurred.
J. Interest and dividend income, most expenses, all realized gains and losses,
and all unrealized gains and losses are allocated to the classes based upon the
value of the outstanding shares in each Class. Certain costs, such as
distribution fees relating to the Advisor Classes, are charged directly to
specific classes.
K. Distributions to shareholders are recorded on the ex-dividend date.
Distributions from net investment income and net realized capital gains are
determined in accordance with income tax regulations which may differ from
generally accepted accounting principles. These differences are primarily due to
differing treatments for items such as deferral of wash sales and post-October
losses and regulated futures contracts and options. Net investment income and
loss, net realized gains and losses, and net assets were not affected by these
differences.
L. The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amount of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from these estimates.
2. FINANCIAL INSTRUMENTS
As part of its investment strategy, the Trust may utilize options and futures.
The risk associated with purchasing options is limited to the premium originally
paid. Options written by a Fund involve to varying degrees, risk of loss in
excess of the option value reflected in the Statement of Assets and Liabilities.
The risk in writing a covered call option is that a Fund may forego the
opportunity for profit if the market price of the underlying security increases
and the option is exercised. The risk in writing a covered put option is that a
Fund may incur a loss if the market price of the underlying security decreases
and the option is exercised. In addition, there is the risk that a Fund may not
be able to enter into a closing transaction because of an illiquid secondary
market or, for over-the-counter options, because of the counterparty's inability
to perform.
There are several risks in connection with the use of futures contracts. Futures
contracts involve, to varying degrees, risk of loss in excess of amounts
reflected in the financial statements. Risks may be caused by an imperfect
correlation between movements in the price of the instruments and the price of
the underlying securities. In addition, there is the risk that a Fund may not be
able to enter into a closing transaction because of an illiquid secondary
market.
48
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
In conjunction with the use of options and futures, as well as short sales of
securities, the Funds are required to maintain collateral in various forms. The
Funds use, where appropriate, depending on the financial instrument utilized and
the broker involved, margin deposits at the broker, cash segregated at the
custodian bank, or the repurchase agreements allocated to each Fund.
The risks inherent in the use of options, futures contracts, and options on
futures contracts include 1) adverse changes in the value of such instruments;
2) imperfect correlation between the price of options and futures contracts and
options thereon and movements in the price of the underlying securities, index,
or futures contract; and 3) the possible absence of a liquid secondary market
for any particular instrument at any time.
3. REPURCHASE AGREEMENTS
The Trust, which includes twenty-two separate series, transfers uninvested cash
balances into a single joint account, the daily aggregate balance of which is
invested in one or more repurchase agreements collateralized by U.S. Treasury
obligations. The collateral is in the possession of the Trust's custodians and
is evaluated daily to ensure that its market value exceeds the delivery value of
the repurchase agreements at maturity.
The repurchase agreements that were executed and outstanding on March 31, 2000
are as follows:
<TABLE>
<CAPTION>
COUNTERPARTY TERMS OF AGREEMENT FACE VALUE MARKET VALUE
------------ ------------------- ------------ ------------
<S> <C> <C> <C>
Salomon Smith Barney, Inc. 6.00% due 04/03/00 $170,000,000 $170,000,000
Lehman Brothers, Inc. 6.03% due 04/03/00 119,500,000 119,500,000
PaineWebber, Inc. 6.05% due 04/03/00 165,000,000 165,000,000
Fuji Securities, Inc. 6.05% due 04/03/00 144,653,204 144,653,204
------------
$599,153,204
============
</TABLE>
As of March 31, 2000, the collateral for the repurchase agreements in the joint
account was as follows:
<TABLE>
<CAPTION>
SECURITY TYPE RANGE OF RATES PAR VALUE MARKET VALUE
------------- -------------- ------------ ------------
<S> <C> <C> <C>
U.S. Treasury Notes.................... 4.625%-7.875% $241,885,000 $248,703,032
U.S. Treasury Bonds.................... 6.125%-6.375% 119,365,000 120,140,644
U.S. Treasury Bills.................... 188,555,000 236,816,369
------------
$605,660,045
============
</TABLE>
49
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
4. FEES AND OTHER TRANSACTIONS WITH AFFILIATES
Under the terms of an investment advisory contract, the Trust pays Rydex Global
Advisors, an affiliated entity, investment advisory fees calculated at an
annualized rate of one half of one percent (0.50%) of the average daily net
assets of the U.S. Government Money Market Fund and the U.S. Government Bond
Fund; three-quarters of one percent (0.75%) of the average daily net assets of
the Nova Fund, and the OTC Fund; and nine-tenths of one percent (0.90%) of the
average daily net assets of the Ursa Fund, the Juno Fund, and the Arktos Fund.
Certain officers and trustees of the Trust are also officers and directors of
Rydex Global Advisors.
PADCO Service Company, Inc., a subsidiary of the investment advisor, provides
transfer agent services to the Trust for fees calculated at an annualized rate
of two-tenths of one percent (0.20%) of the average daily net assets of the U.S.
Government Money Market Fund and the U.S. Government Bond Fund; and one-quarter
of one percent (0.25%) of the average daily net assets of the Nova Fund, the
Ursa Fund, the OTC Fund, the Juno Fund, and the Arktos Fund. Certain officers
and trustees of the Trust are also officers and directors of PADCO Service
Company, Inc.
The Trust paid PADCO Service Company, Inc. $1,002,900 in accounting fees for the
above seven funds for the year ended March 31, 2000.
The Trust has adopted a Distribution and Shareholder Services Plan applicable to
Advisor Class Shares, for which the Distributor, Rydex Distributors, Inc., an
affiliated entity, and other firms that provide distribution and shareholder
services ("Service Providers") may receive compensation. If a Service Provider
provides distribution services, the Trust will pay fees to the Distributor at an
annual rate not to exceed one quarter of one percent (0.25%) of average daily
net assets, pursuant to Rule 12b-1 of the 1940 Act. The Distributor, in turn,
will pay the Service Provider out of its fees. The Distributor may, at its
discretion, retain a portion of such payments to compensate itself for
distribution services. If a Service Provider provides shareholders services, the
Distributor will receive fees from the Trust at an annual rate not to exceed one
quarter of one percent (0.25%) of average daily net assets. The Distributor, in
turn, will pay the Service Provider out of its fees. Certain officers and
trustees of the Trust are also officers and directors of Rydex Distributors,
Inc.
5. ACCOUNTING FOR EXPENSES
The Trust has entered into an arrangement with its custodian whereby interest
earned on uninvested cash balances was used to offset a portion of the Trust's
expenses.
50
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
6. SECURITIES TRANSACTIONS
During the year ended March 31, 2000, purchases and sales of investment
securities, excluding short-term and temporary cash investments, were:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT JUNO
FUND FUND MARKET FUND FUND BOND FUND FUND
-------------- ---- ----------- -------------- ------------ ----
<S> <C> <C> <C> <C> <C> <C>
Purchases.............................. $1,429,238,190 -- -- $8,817,578,561 $185,645,900 --
Sales.................................. $1,565,556,929 -- -- $7,929,681,029 $184,750,633 --
</TABLE>
<TABLE>
<CAPTION>
ARKTOS
FUND
-------------
<S> <C> <C> <C> <C> <C> <C>
Purchase to close...................... $1,134,455,436
Short sales............................ $1,018,602,070
</TABLE>
7. NET UNREALIZED APPRECIATION (DEPRECIATION) OF SECURITIES
At March 31, 2000, unrealized appreciation (depreciation) and cost of investment
securities for Federal income tax purposes were:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT JUNO ARKTOS
FUND FUND MARKET FUND FUND BOND FUND FUND FUND
------------ ------------ -------------- -------------- ----------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Gross Unrealized
Appreciation................ $ 81,118,132 $ 123,440 $ -- $1,851,135,851 $ 790,176 $ -- $ 4,377,411
Gross Unrealized
(Depreciation).............. (9,624,426) -- -- (11,230,576) -- (152,037) (1,756,787)
------------ ------------ -------------- -------------- ----------- ---------- ------------
Net Unrealized Appreciation
(Depreciation).............. $ 71,493,706 $ 123,440 $ -- $1,839,905,275 $ 790,176 $ (152,037) $ 2,620,624
============ ============ ============== ============== =========== ========== ============
Cost of Investments for
Federal Income Tax
Purposes.................... $668,394,754 $306,159,321 $1,421,821,269 $2,039,303,099 $27,436,739 $9,605,155 $125,414,082
============ ============ ============== ============== =========== ========== ============
</TABLE>
51
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
8. SHARE TRANSACTIONS
The Trust is authorized to distribute an unlimited number of shares.
Transactions in shares for the year ended March 31, 2000 were:
INVESTOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT JUNO ARKTOS
FUND FUND MARKET FUND FUND BOND FUND FUND FUND
------------ ------------ --------------- ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Shares Purchased.............. 291,378,974 811,700,635 26,853,492,338 197,253,871 35,820,699 31,910,118 429,545,940
Purchased through Dividend
Reinvestment................ 5,743 329,909 34,322,501 222,348 119,260 4,892 101,868
------------ ------------ --------------- ------------ ----------- ----------- ------------
Total Purchased............... 291,384,717 812,030,544 26,887,814,839 197,476,219 35,939,959 31,915,010 429,647,808
Shares Redeemed............... (292,333,394) (830,236,219) (27,150,956,367) (185,553,852) (35,679,890) (32,280,729) (414,807,769)
------------ ------------ --------------- ------------ ----------- ----------- ------------
Net Shares Purchased
(Redeemed).................. (948,677) (18,205,675) (263,141,528) 11,922,367 260,069 (365,719) 14,840,039
============ ============ =============== ============ =========== =========== ============
</TABLE>
ADVISOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
NOVA URSA MONEY OTC
FUND FUND MARKET FUND FUND
----------- ----------- -------------- -----------
<S> <C> <C> <C> <C>
Shares Purchased....................... 41,535,791 34,006,722 9,672,835,236 26,514,160
Purchased through Dividend
Reinvestment......................... 825 2,597 11,531,876 4,732
----------- ----------- -------------- -----------
Total Purchased........................ 41,536,616 34,009,319 9,684,367,112 26,518,892
Shares Redeemed........................ (39,856,711) (33,767,435) (9,793,573,686) (25,482,579)
----------- ----------- -------------- -----------
Net Shares Purchased (Redeemed)........ 1,679,905 241,884 (109,206,574) 1,036,313
=========== =========== ============== ===========
</TABLE>
52
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Transactions in shares for the period ended March 31, 1999 were:
INVESTOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT JUNO ARKTOS
FUND FUND MARKET FUND FUND BOND FUND FUND FUND
------------ ------------- --------------- ------------ ----------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
Shares Purchased.............. 404,842,858 1,066,674,482 21,440,892,994 271,315,980 68,290,015 28,174,105 94,324,983
Purchased through Dividend
Reinvestment................ 406,176 105,601 25,032,071 148,391 122,660 2,000 3,542
------------ ------------- --------------- ------------ ----------- ----------- -----------
Total Purchased............... 405,249,034 1,066,780,083 21,465,925,065 271,464,371 68,412,675 28,176,105 94,328,525
Reduction in Shares due to 1
for 2 Reverse Stock Split... (71,204,880)
Shares Redeemed............... (419,535,081) (991,140,488) (20,769,406,160) (260,928,129) (67,706,889) (28,195,480) (79,567,461)
------------ ------------- --------------- ------------ ----------- ----------- -----------
Net Shares Purchased
(Redeemed).................. (14,286,047) 4,434,715 696,518,905 10,536,242 705,786 (19,375) 14,761,064
============ ============= =============== ============ =========== =========== ===========
</TABLE>
ADVISOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
NOVA URSA MONEY OTC
FUND FUND MARKET FUND FUND
----------- ----------- -------------- ----------
<S> <C> <C> <C> <C>
Shares Purchased....................... 14,716,294 56,114,891 8,740,507,904 6,059,083
Purchased through Dividend
Reinvestment......................... 20,485 5 8,106,450 58
----------- ----------- -------------- ----------
Total Purchased........................ 14,736,779 56,114,896 8,748,614,354 6,059,141
Shares Redeemed........................ (13,696,454) (55,758,251) (8,426,967,724) (5,914,309)
----------- ----------- -------------- ----------
Net Shares Purchased................... 1,040,325 356,645 321,646,630 144,832
=========== =========== ============== ==========
</TABLE>
53
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Transactions in dollars for the year ended March 31, 2000 were:
INVESTOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT
FUND FUND MARKET FUND FUND BOND FUND
--------------- -------------- --------------- --------------- ------------
<S> <C> <C> <C> <C> <C>
Shares Purchased....................... $10,916,137,877 $6,789,960,790 $26,853,489,573 $12,344,089,260 $329,732,781
Purchased through Dividend
Reinvestment......................... 214,399 2,603,093 34,322,503 13,672,155 1,090,403
--------------- -------------- --------------- --------------- ------------
Total Purchased........................ 10,916,352,276 6,792,563,883 26,887,812,076 12,357,761,415 330,823,184
Shares Redeemed........................ (10,919,076,117) (6,914,991,598) (27,150,956,369) (11,459,166,541) (328,276,000)
--------------- -------------- --------------- --------------- ------------
Net Change............................. $ (2,723,841) $ (122,427,715) $ (263,144,293) $ 898,594,874 $ 2,547,184
=============== ============== =============== =============== ============
<CAPTION>
JUNO ARKTOS
FUND FUND
------------ --------------
<S> <C> <C>
Shares Purchased....................... $294,735,714 $2,342,338,129
Purchased through Dividend
Reinvestment......................... 45,487 449,508
------------ --------------
Total Purchased........................ 294,781,201 2,342,787,637
Shares Redeemed........................ (298,202,588) (2,234,246,389)
------------ --------------
Net Change............................. $ (3,421,387) $ 108,541,248
============ ==============
</TABLE>
ADVISOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
NOVA URSA MONEY OTC
FUND FUND MARKET FUND FUND
-------------- ------------ -------------- --------------
<S> <C> <C> <C> <C>
Shares Purchased....................... $1,559,807,208 $280,795,776 $9,672,835,261 $1,700,064,966
Purchased through Dividend
Reinvestment......................... 30,604 20,361 11,531,875 289,297
-------------- ------------ -------------- --------------
Total Purchased........................ 1,559,837,812 280,816,137 9,684,367,136 1,700,354,263
Shares Redeemed........................ (1,491,596,307) (276,100,973) (9,793,573,686) (1,654,343,499)
-------------- ------------ -------------- --------------
Net Change............................. $ 68,241,505 $ 4,715,164 $ (109,206,550) $ 46,010,764
============== ============ ============== ==============
</TABLE>
54
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Transactions in dollars for the period ended March 31, 1999 were:
INVESTOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
NOVA URSA MONEY OTC GOVERNMENT
FUND FUND MARKET FUND FUND BOND FUND
--------------- -------------- --------------- -------------- ------------
<S> <C> <C> <C> <C> <C>
Shares Purchased....................... $12,072,521,422 $7,931,688,489 $21,440,988,848 $9,365,486,848 $737,252,924
Purchased through Dividend
Reinvestment......................... 12,128,420 1,002,153 25,032,071 4,904,309 1,333,596
--------------- -------------- --------------- -------------- ------------
Total Purchased........................ 12,084,649,842 7,932,690,642 21,466,020,919 9,370,391,157 738,586,520
Shares Redeemed........................ (12,508,441,879) (7,621,833,039) (20,769,501,685) (8,911,848,032) (729,037,979)
--------------- -------------- --------------- -------------- ------------
Net Change............................. $ (423,792,037) $ 310,857,603 $ 696,519,234 $ 458,543,125 $ 9,548,541
=============== ============== =============== ============== ============
<CAPTION>
JUNO ARKTOS
FUND FUND
------------ ------------
<S> <C> <C>
Shares Purchased....................... $236,521,797 $954,373,687
Purchased through Dividend
Reinvestment......................... 16,059 36,947
------------ ------------
Total Purchased........................ 236,537,856 954,410,634
Shares Redeemed........................ (236,406,881) (793,515,582)
------------ ------------
Net Change............................. $ 130,975 $160,895,052
============ ============
</TABLE>
ADVISOR CLASS:
<TABLE>
<CAPTION>
U.S.
GOVERNMENT
NOVA URSA MONEY OTC
FUND FUND MARKET FUND FUND
------------ ------------ -------------- ------------
<S> <C> <C> <C> <C>
Shares Purchased....................... $469,005,823 $591,997,759 $8,740,507,904 $214,681,288
Purchased through Dividend
Reinvestment......................... 611,488 50 8,106,450 1,924
------------ ------------ -------------- ------------
Total Purchased........................ 469,617,311 591,997,809 8,748,614,354 214,683,212
Shares Redeemed........................ (433,536,846) (561,349,059) (8,426,967,724) (212,563,282)
------------ ------------ -------------- ------------
Net Change............................. $ 36,080,465 $ 30,648,750 $ 321,646,630 $ 2,119,930
============ ============ ============== ============
</TABLE>
9. OPTION CONTRACTS WRITTEN
During the year ended March 31, 2000, the Trust wrote the following contracts:
CALL OPTIONS WRITTEN:
<TABLE>
<CAPTION>
NOVA FUND
-------------------
NUMBER OF INITIAL
CONTRACTS PREMIUMS
--------- --------
<S> <C> <C>
Outstanding at Beginning of Year....... 0 $ 0
Options Written........................ 2,657 73,443
Options Terminated..................... (2,657) (73,443)
-------- -------
Outstanding at End of Year............. 0 $ 0
======== =======
</TABLE>
55
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
10. NET ASSETS
At March 31, 2000, net assets consisted of:
<TABLE>
<CAPTION>
U.S. GOVERNMENT OTC
NOVA FUND URSA FUND MONEY MARKET FUND FUND
------------ ------------- ----------------- --------------
<S> <C> <C> <C> <C>
Paid-In-Capital........................ $790,118,933 $ 769,741,275 $898,952,561 $1,994,818,185
Undistributed Net Investment Income
(Loss)............................... 2,849,604 193,549 (100,750) --
Accumulated Net Realized Loss on
Investments.......................... (85,202,205) (455,843,898) (472,938) (259,288,746)
Net Unrealized Appreciation
(Depreciation) on Investments,
Options and Futures Contracts........ 153,628,473 (21,319,504) -- 2,140,958,020
------------ ------------- ------------ --------------
Net Assets............................. $861,394,805 $ 292,771,422 $898,378,873 $3,876,487,459
============ ============= ============ ==============
</TABLE>
<TABLE>
<CAPTION>
U.S.
GOVERNMENT JUNO ARKTOS
BOND FUND FUND FUND
----------- ----------- -------------
<S> <C> <C> <C>
Paid-In-Capital........................ $34,174,962 $17,378,543 $ 273,074,932
Undistributed Net Investment Income.... 181,354 10,096 28,642
Accumulated Net Realized Loss on
Investments.......................... (7,047,940) (7,085,559) (176,624,083)
Net Unrealized Appreciation
(Depreciation) on Investments,
Options and Futures Contracts 796,672 (361,992) 6,680,353
----------- ----------- -------------
Net Assets............................. $28,105,048 $ 9,941,088 $ 103,159,844
=========== =========== =============
</TABLE>
56
<PAGE>
RYDEX SERIES FUNDS
NOTES TO FINANCIAL STATEMENTS (CONCLUDED)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11. LOSS CARRYFORWARD--FEDERAL INCOME TAX
At March 31, 2000, for Federal income tax purposes, the following funds have
capital loss carryovers which may be applied against future net taxable realized
gains of each succeeding year until the earlier of its utilization or
expiration.
<TABLE>
<CAPTION>
U.S.
GOVERNMENT U.S.
MONEY GOVERNMENT
EXPIRES MARCH 31 URSA FUND MARKET FUND BOND FUND JUNO FUND ARKTOS FUND
---------------- ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
2003................................... $ 6,618,786 $ -- $ -- $ -- $ --
2004................................... 43,168,709 -- -- 2,565,794 --
2005................................... 50,012,823 -- -- 106,438 --
2006................................... 102,945,587 -- -- 2,486,456 --
2007................................... 102,218,150 13,314 -- 1,206,560 4,782,728
2008................................... 124,148,191 342,904 6,277,205 -- 82,494,467
</TABLE>
12. SUBSEQUENT EVENTS
Effective after the close of business on March 31, 2000, the Ursa Fund, Investor
and Advisor Class shares, the Juno Fund, and the Arktos Fund were reorganized
into a "master-feeder arrangement." In this arrangement, each Feeder Fund
pursues its investment objective by investing substantially all of its assets in
its respective Master Fund, a separate series of the Trust. Each Master Fund has
an investment objective identical to that prior to the reorganization.
Effective after the close of business on April 14, 2000, the OTC Fund, Investor
Class and Advisor Class shares, underwent a 3-for-1 split. The effect of this
transaction was to increase the number of outstanding shares in this Fund by
three, while dividing the net asset value per share by three. The net asset
value per share prior to the split was $70.95 in the Investor Class and $70.41
in the Advisor Class; after the split, the net asset values per share were
$23.65 and $23.47, respectively.
Also effective after the close of business on April 14, 2000, the Arktos Fund,
Investor Class shares, underwent a 1-for-5 reverse split. The effect of this
transaction was to divide the number of outstanding shares in this Fund by five,
while multiplying the net asset value per share by five. The net asset value per
share prior to the reverse split was $4.65; after the reverse split, the net
asset value per share was $23.25.
There was no change in the aggregate market value of the outstanding shares as a
result of these transactions.
57
<PAGE>
INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Trustees,
Rydex Series Funds:
We have audited the accompanying statements of assets and liabilities of the
Nova, Ursa, U.S. Government Money Market, OTC, U.S. Government Bond, Juno and
Arktos Funds (comprising seven of the twenty-two Funds) of the Rydex Series
Funds (the "Trust"), including the schedules of investments, as of March 31,
2000, and the related statements of operations for the year then ended, the
statements of changes in net assets, and the financial highlights for each of
the periods presented. These financial statements and financial highlights are
the responsibility of the Trust's management. Our responsibility is to express
an opinion on these financial statements and financial highlights based on our
audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements and financial highlights are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included confirmation of
securities owned as of March 31, 2000, by correspondence with the custodian and
brokers. An audit also includes 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, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of the
Nova, Ursa, U.S. Government Money Market, OTC, U.S. Government Bond, Juno and
Arktos Funds of the Rydex Series Funds as of March 31, 2000, the results of
their operations for the year then ended, the changes in their net assets, and
the financial highlights for each of the periods presented, in conformity with
accounting principles generally accepted in the United States of America.
DELOITTE & TOUCHE LLP
Princeton, New Jersey
May 22, 2000
