UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number:
811-22128
FocusShares
Trust
(Exact name of registrant
as specified in charter)
700 Maryville Centre Drive
St. Louis, MO 63141
(Address of principal
executive offices) (Zip code)
Scott Golde
700 Maryville Centre Drive
St. Louis, MO 63141
(Name and Address of Agent for Service)
Registrant’s telephone number, including area code:
(314)
965-1555
Date of fiscal year end: October 31
Date of reporting period: July 31, 2012
Item 1. Schedule of Investments.
The Trust’s Schedule of Investments
as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks -
100.0%
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 11.6%
|
|
|
|
|
|
|
103
|
|
|
Aaron's, Inc.
|
|
$
|
3,021
|
|
|
|
111
|
|
|
Abercrombie & Fitch Co., Class A
|
|
|
3,752
|
|
|
|
99
|
|
|
Advance Auto Parts, Inc.
|
|
|
6,945
|
|
|
|
115
|
|
|
Aeropostale, Inc.*
|
|
|
2,268
|
|
|
|
481
|
|
|
Amazon.com, Inc.*
|
|
|
112,217
|
|
|
|
68
|
|
|
AMC Networks, Inc., Class A*
|
|
|
2,948
|
|
|
|
252
|
|
|
American Eagle Outfitters, Inc.
|
|
|
5,247
|
|
|
|
166
|
|
|
Apollo Group, Inc., Class A*
|
|
|
4,515
|
|
|
|
193
|
|
|
Ascena Retail Group, Inc.*
|
|
|
3,540
|
|
|
|
59
|
|
|
AutoNation, Inc.*
|
|
|
2,326
|
|
|
|
38
|
|
|
AutoZone, Inc.*
|
|
|
14,259
|
|
|
|
67
|
|
|
Bally Technologies, Inc.*
|
|
|
2,929
|
|
|
|
317
|
|
|
Bed Bath & Beyond, Inc.*
|
|
|
19,321
|
|
|
|
418
|
|
|
Best Buy Co., Inc.
|
|
|
7,562
|
|
|
|
105
|
|
|
Big Lots, Inc.*
|
|
|
4,254
|
|
|
|
157
|
|
|
BorgWarner, Inc.*
|
|
|
10,535
|
|
|
|
117
|
|
|
Brinker International, Inc.
|
|
|
3,792
|
|
|
|
139
|
|
|
Brunswick Corp.
|
|
|
3,057
|
|
|
|
34
|
|
|
Buffalo Wild Wings, Inc.*
|
|
|
2,468
|
|
|
|
77
|
|
|
Cabela's, Inc.*
|
|
|
3,537
|
|
|
|
321
|
|
|
Cablevision Systems Corp., Class A
|
|
|
4,924
|
|
|
|
314
|
|
|
CarMax, Inc.*
|
|
|
8,739
|
|
|
|
548
|
|
|
Carnival Corp.
|
|
|
18,237
|
|
|
|
70
|
|
|
Carter's, Inc.*
|
|
|
3,547
|
|
|
|
830
|
|
|
CBS Corp., Class B
|
|
|
27,772
|
|
|
|
52
|
|
|
Charter Communications, Inc., Class A*
|
|
|
4,000
|
|
|
|
91
|
|
|
Cheesecake Factory, Inc./The*
|
|
|
3,050
|
|
|
|
245
|
|
|
Chico's FAS, Inc.
|
|
|
3,753
|
|
|
|
44
|
|
|
Chipotle Mexican Grill, Inc.*
|
|
|
12,863
|
|
|
|
197
|
|
|
Cinemark Holdings, Inc.
|
|
|
4,606
|
|
|
|
396
|
|
|
Coach, Inc.
|
|
|
19,535
|
|
|
|
46
|
|
|
Coinstar, Inc.*
|
|
|
2,185
|
|
|
|
2,855
|
|
|
Comcast Corp., Class A
|
|
|
92,930
|
|
|
|
800
|
|
|
Comcast Corp., Special, Class A
|
|
|
25,544
|
|
|
|
52
|
|
|
Cracker Barrel Old Country Store, Inc.
|
|
|
3,258
|
|
|
|
446
|
|
|
D.R. Horton, Inc.
|
|
|
7,863
|
|
|
|
251
|
|
|
Dana Holding Corp.
|
|
|
3,308
|
|
|
|
184
|
|
|
Darden Restaurants, Inc.
|
|
|
9,417
|
|
|
|
60
|
|
|
Deckers Outdoor Corp.*
|
|
|
2,503
|
|
|
|
98
|
|
|
DeVry, Inc.
|
|
|
1,924
|
|
|
|
136
|
|
|
Dick's Sporting Goods, Inc.
|
|
|
6,680
|
|
|
|
48
|
|
|
Dillard's, Inc., Class A
|
|
|
3,131
|
|
|
|
903
|
|
|
DIRECTV, Class A*
|
|
|
44,843
|
|
|
|
201
|
|
|
Discovery Communications, Inc., Class A*
|
|
|
10,177
|
|
|
|
137
|
|
|
Discovery Communications, Inc., Class C*
|
|
|
6,387
|
|
|
|
290
|
|
|
DISH Network Corp., Class A
|
|
|
8,920
|
|
|
|
289
|
|
|
Dollar General Corp.*
|
|
|
14,742
|
|
|
|
292
|
|
|
Dollar Tree, Inc.*
|
|
|
14,699
|
|
|
|
77
|
|
|
Domino's Pizza, Inc.
|
|
|
2,629
|
|
|
|
38
|
|
|
DSW, Inc., Class A
|
|
|
2,247
|
|
|
|
103
|
|
|
Dunkin' Brands Group, Inc.
|
|
|
3,119
|
|
|
|
148
|
|
|
Expedia, Inc.
|
|
|
8,435
|
|
|
|
133
|
|
|
Family Dollar Stores, Inc.
|
|
|
8,789
|
|
|
|
211
|
|
|
Foot Locker, Inc.
|
|
|
6,967
|
|
|
|
5,063
|
|
|
Ford Motor Co.
|
|
|
46,782
|
|
|
|
71
|
|
|
Fossil, Inc.*
|
|
|
5,090
|
|
|
|
185
|
|
|
GameStop Corp., Class A
|
|
|
2,964
|
|
|
|
383
|
|
|
Gannett Co., Inc.
|
|
|
5,404
|
|
|
|
447
|
|
|
Gap, Inc./The
|
|
|
13,182
|
|
|
|
193
|
|
|
Garmin Ltd.
|
|
|
7,452
|
|
|
|
72
|
|
|
Gaylord Entertainment Co.*
|
|
|
2,646
|
|
|
|
785
|
|
|
General Motors Co.*
|
|
|
15,472
|
|
|
|
29
|
|
|
Genesco, Inc.*
|
|
|
1,920
|
|
|
|
219
|
|
|
Gentex Corp.
|
|
|
3,506
|
|
|
|
197
|
|
|
Genuine Parts Co.
|
|
|
12,614
|
|
|
|
106
|
|
|
GNC Holdings, Inc., Class A
|
|
|
4,084
|
|
|
|
399
|
|
|
Goodyear Tire & Rubber Co./The*
|
|
|
4,569
|
|
|
|
448
|
|
|
Groupon, Inc.*
|
|
|
2,984
|
|
|
|
83
|
|
|
Guess?, Inc.
|
|
|
2,498
|
|
|
|
473
|
|
|
H&R Block, Inc.
|
|
|
7,629
|
|
|
|
142
|
|
|
Hanesbrands, Inc.*
|
|
|
4,263
|
|
|
|
305
|
|
|
Harley-Davidson, Inc.
|
|
|
13,185
|
|
|
|
123
|
|
|
Harman International Industries, Inc.
|
|
|
4,963
|
|
|
|
175
|
|
|
Hasbro, Inc.
|
|
|
6,268
|
|
|
|
40
|
|
|
Hibbett Sports, Inc.*
|
|
|
2,431
|
|
|
|
2,078
|
|
|
Home Depot, Inc./The
|
|
|
108,430
|
|
|
|
70
|
|
|
HSN, Inc.
|
|
|
2,965
|
|
|
|
91
|
|
|
Hyatt Hotels Corp., Class A*
|
|
|
3,235
|
|
|
|
448
|
|
|
International Game Technology
|
|
|
5,071
|
|
|
|
672
|
|
|
Interpublic Group of Cos., Inc./The
|
|
|
6,633
|
|
|
|
46
|
|
|
ITT Educational Services, Inc.*
|
|
|
1,786
|
|
|
|
212
|
|
|
J.C. Penney Co., Inc.
|
|
|
4,772
|
|
|
|
116
|
|
|
Jarden Corp.
|
|
|
5,243
|
|
|
|
101
|
|
|
John Wiley & Sons, Inc., Class A
|
|
|
4,813
|
|
|
|
943
|
|
|
Johnson Controls, Inc.
|
|
|
23,245
|
|
|
|
293
|
|
|
Kohl's Corp.
|
|
|
14,568
|
|
|
|
90
|
|
|
Lamar Advertising Co., Class A*
|
|
|
2,731
|
|
|
|
546
|
|
|
Las Vegas Sands Corp.
|
|
|
19,885
|
|
|
|
145
|
|
|
Lear Corp.
|
|
|
5,155
|
|
|
|
149
|
|
|
Leggett & Platt, Inc.
|
|
|
3,454
|
|
|
|
272
|
|
|
Lennar Corp., Class A
|
|
|
7,945
|
|
|
|
161
|
|
|
Liberty Global, Inc.*
|
|
|
8,024
|
|
|
|
189
|
|
|
Liberty Global, Inc., Class A*
|
|
|
9,975
|
|
|
|
826
|
|
|
Liberty Interactive Corp., Class A*
|
|
|
15,471
|
|
|
|
163
|
|
|
Liberty Media Corp. - Liberty Capital, Class A*
|
|
|
15,420
|
|
|
|
76
|
|
|
Life Time Fitness, Inc.*
|
|
|
3,451
|
|
|
|
300
|
|
|
Live Nation Entertainment, Inc.*
|
|
|
2,676
|
|
|
|
241
|
|
|
LKQ Corp.*
|
|
|
8,515
|
|
|
|
1,614
|
|
|
Lowe's Cos., Inc.
|
|
|
40,947
|
|
|
|
339
|
|
|
Ltd. Brands, Inc.
|
|
|
16,119
|
|
|
|
577
|
|
|
Macy's, Inc.
|
|
|
20,680
|
|
|
|
94
|
|
|
Madison Square Garden Co./The, Class A*
|
|
|
3,407
|
|
|
|
413
|
|
|
Marriott International, Inc., Class A
|
|
|
15,041
|
|
|
|
512
|
|
|
Mattel, Inc.
|
|
|
18,007
|
|
|
|
1,408
|
|
|
McDonald's Corp.
|
|
|
125,819
|
|
|
|
372
|
|
|
McGraw-Hill Cos., Inc./The
|
|
|
17,469
|
|
|
|
474
|
|
|
MGM Resorts International*
|
|
|
4,512
|
|
|
|
85
|
|
|
Mohawk Industries, Inc.*
|
|
|
5,647
|
|
|
|
64
|
|
|
Morningstar, Inc.
|
|
|
3,716
|
|
|
|
79
|
|
|
Netflix, Inc.*
|
|
|
4,491
|
|
|
|
413
|
|
|
Newell Rubbermaid, Inc.
|
|
|
7,289
|
|
|
|
2,332
|
|
|
News Corp., Class A
|
|
|
53,683
|
|
|
|
668
|
|
|
News Corp., Class B
|
|
|
15,491
|
|
|
|
499
|
|
|
NIKE, Inc., Class B
|
|
|
46,582
|
|
|
|
220
|
|
|
Nordstrom, Inc.
|
|
|
11,911
|
|
|
|
7
|
|
|
NVR, Inc.*
|
|
|
5,418
|
|
|
|
397
|
|
|
Omnicom Group, Inc.
|
|
|
19,921
|
|
|
|
151
|
|
|
O'Reilly Automotive, Inc.*
|
|
|
12,947
|
|
|
|
40
|
|
|
Panera Bread Co., Class A*
|
|
|
6,300
|
|
|
|
102
|
|
|
Penn National Gaming, Inc.*
|
|
|
3,970
|
|
|
|
144
|
|
|
PetSmart, Inc.
|
|
|
9,520
|
|
|
|
187
|
|
|
Pier 1 Imports, Inc.
|
|
|
3,084
|
|
|
|
98
|
|
|
Polaris Industries, Inc.
|
|
|
7,366
|
|
|
|
86
|
|
|
Pool Corp.
|
|
|
3,170
|
|
|
|
67
|
|
|
priceline.com, Inc.*
|
|
|
44,337
|
|
|
|
527
|
|
|
PulteGroup, Inc.*
|
|
|
5,955
|
|
|
|
86
|
|
|
PVH Corp.
|
|
|
6,831
|
|
|
|
85
|
|
|
Ralph Lauren Corp.
|
|
|
12,269
|
|
|
|
85
|
|
|
Rent-A-Center, Inc.
|
|
|
3,023
|
|
|
|
305
|
|
|
Ross Stores, Inc.
|
|
|
20,264
|
|
|
|
223
|
|
|
Royal Caribbean Cruises Ltd.
|
|
|
5,571
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
201
|
|
|
Sally Beauty Holdings, Inc.*
|
|
$
|
5,310
|
|
|
|
104
|
|
|
Scripps Networks Interactive, Inc., Class A
|
|
|
5,600
|
|
|
|
63
|
|
|
Sears Holdings Corp.*
|
|
|
3,118
|
|
|
|
395
|
|
|
Service Corp. International
|
|
|
5,076
|
|
|
|
130
|
|
|
Signet Jewelers Ltd.
|
|
|
5,710
|
|
|
|
5,099
|
|
|
Sirius XM Radio, Inc.*
|
|
|
11,014
|
|
|
|
77
|
|
|
Six Flags Entertainment Corp.
|
|
|
4,436
|
|
|
|
115
|
|
|
Sotheby's
|
|
|
3,375
|
|
|
|
975
|
|
|
Staples, Inc.
|
|
|
12,421
|
|
|
|
1,040
|
|
|
Starbucks Corp.
|
|
|
47,091
|
|
|
|
288
|
|
|
Starwood Hotels & Resorts Worldwide, Inc.
|
|
|
15,595
|
|
|
|
814
|
|
|
Target Corp.
|
|
|
49,369
|
|
|
|
73
|
|
|
Tempur-Pedic International, Inc.*
|
|
|
2,080
|
|
|
|
118
|
|
|
Tenneco, Inc.*
|
|
|
3,456
|
|
|
|
81
|
|
|
Tesla Motors, Inc.*
|
|
|
2,221
|
|
|
|
177
|
|
|
Tiffany & Co.
|
|
|
9,723
|
|
|
|
423
|
|
|
Time Warner Cable, Inc.
|
|
|
35,925
|
|
|
|
1,334
|
|
|
Time Warner, Inc.
|
|
|
52,186
|
|
|
|
1,012
|
|
|
TJX Cos., Inc.
|
|
|
44,811
|
|
|
|
239
|
|
|
Toll Brothers, Inc.*
|
|
|
6,972
|
|
|
|
101
|
|
|
Tractor Supply Co.
|
|
|
9,178
|
|
|
|
138
|
|
|
TripAdvisor, Inc.*
|
|
|
5,163
|
|
|
|
155
|
|
|
TRW Automotive Holdings Corp.*
|
|
|
6,091
|
|
|
|
79
|
|
|
Tupperware Brands Corp.
|
|
|
4,141
|
|
|
|
83
|
|
|
Ulta Salon Cosmetics & Fragrance, Inc.
|
|
|
7,045
|
|
|
|
101
|
|
|
Under Armour, Inc., Class A*
|
|
|
5,498
|
|
|
|
166
|
|
|
Urban Outfitters, Inc.*
|
|
|
5,071
|
|
|
|
64
|
|
|
Vail Resorts, Inc.
|
|
|
3,177
|
|
|
|
121
|
|
|
VF Corp.
|
|
|
18,065
|
|
|
|
673
|
|
|
Viacom, Inc., Class B
|
|
|
31,436
|
|
|
|
386
|
|
|
Virgin Media, Inc.
|
|
|
10,569
|
|
|
|
72
|
|
|
Visteon Corp.*
|
|
|
2,335
|
|
|
|
41
|
|
|
Vitamin Shoppe, Inc.*
|
|
|
2,252
|
|
|
|
2,260
|
|
|
Walt Disney Co./The
|
|
|
111,056
|
|
|
|
81
|
|
|
Warnaco Group, Inc./The*
|
|
|
3,455
|
|
|
|
7
|
|
|
Washington Post Co./The, Class B
|
|
|
2,369
|
|
|
|
461
|
|
|
Wendy's Co./The
|
|
|
2,116
|
|
|
|
119
|
|
|
Whirlpool Corp.
|
|
|
8,040
|
|
|
|
130
|
|
|
Williams-Sonoma, Inc.
|
|
|
4,518
|
|
|
|
167
|
|
|
Wolverine World Wide, Inc.
|
|
|
7,420
|
|
|
|
204
|
|
|
Wyndham Worldwide Corp.
|
|
|
10,618
|
|
|
|
111
|
|
|
Wynn Resorts Ltd.
|
|
|
10,406
|
|
|
|
643
|
|
|
Yum! Brands, Inc.
|
|
|
41,692
|
|
|
|
|
|
|
|
|
|
2,291,542
|
|
|
|
|
|
|
Consumer Staples - 10.1%
|
|
|
|
|
|
|
2,768
|
|
|
Altria Group, Inc.
|
|
|
99,565
|
|
|
|
838
|
|
|
Archer-Daniels-Midland Co.
|
|
|
21,863
|
|
|
|
573
|
|
|
Avon Products, Inc.
|
|
|
8,876
|
|
|
|
222
|
|
|
Beam, Inc.
|
|
|
13,959
|
|
|
|
132
|
|
|
Brown-Forman Corp., Class B
|
|
|
12,350
|
|
|
|
207
|
|
|
Bunge Ltd.
|
|
|
13,614
|
|
|
|
278
|
|
|
Campbell Soup Co.
|
|
|
9,205
|
|
|
|
83
|
|
|
Casey's General Stores, Inc.
|
|
|
4,933
|
|
|
|
196
|
|
|
Church & Dwight Co., Inc.
|
|
|
11,292
|
|
|
|
170
|
|
|
Clorox Co./The
|
|
|
12,361
|
|
|
|
2,818
|
|
|
Coca-Cola Co./The
|
|
|
227,694
|
|
|
|
396
|
|
|
Coca-Cola Enterprises, Inc.
|
|
|
11,611
|
|
|
|
593
|
|
|
Colgate-Palmolive Co.
|
|
|
63,664
|
|
|
|
583
|
|
|
ConAgra Foods, Inc.
|
|
|
14,394
|
|
|
|
267
|
|
|
Constellation Brands, Inc., Class A*
|
|
|
7,532
|
|
|
|
594
|
|
|
Costco Wholesale Corp.
|
|
|
57,131
|
|
|
|
1,749
|
|
|
CVS Caremark Corp.
|
|
|
79,142
|
|
|
|
216
|
|
|
Darling International, Inc.*
|
|
|
3,568
|
|
|
|
243
|
|
|
Dean Foods Co.*
|
|
|
3,006
|
|
|
|
263
|
|
|
Dr. Pepper Snapple Group, Inc.
|
|
|
11,988
|
|
|
|
84
|
|
|
Energizer Holdings, Inc.*
|
|
|
6,533
|
|
|
|
308
|
|
|
Estee Lauder Cos., Inc./The, Class A
|
|
|
16,133
|
|
|
|
182
|
|
|
Flowers Foods, Inc.
|
|
|
3,889
|
|
|
|
43
|
|
|
Fresh Market, Inc./The*
|
|
|
2,532
|
|
|
|
775
|
|
|
General Mills, Inc.
|
|
|
29,993
|
|
|
|
185
|
|
|
Green Mountain Coffee Roasters, Inc.*
|
|
|
3,378
|
|
|
|
456
|
|
|
H.J. Heinz Co.
|
|
|
25,176
|
|
|
|
55
|
|
|
Hain Celestial Group, Inc./The*
|
|
|
3,063
|
|
|
|
106
|
|
|
Harris Teeter Supermarkets, Inc.
|
|
|
4,382
|
|
|
|
160
|
|
|
Herbalife Ltd.
|
|
|
8,782
|
|
|
|
171
|
|
|
Hershey Co./The
|
|
|
12,268
|
|
|
|
196
|
|
|
Hillshire Brands Co.
|
|
|
5,020
|
|
|
|
287
|
|
|
Hormel Foods Corp.
|
|
|
8,010
|
|
|
|
107
|
|
|
Ingredion, Inc.
|
|
|
5,555
|
|
|
|
150
|
|
|
J.M. Smucker Co./The
|
|
|
11,520
|
|
|
|
317
|
|
|
Kellogg Co.
|
|
|
15,121
|
|
|
|
506
|
|
|
Kimberly-Clark Corp.
|
|
|
43,976
|
|
|
|
2,289
|
|
|
Kraft Foods, Inc., Class A
|
|
|
90,896
|
|
|
|
760
|
|
|
Kroger Co./The
|
|
|
16,849
|
|
|
|
175
|
|
|
Lorillard, Inc.
|
|
|
22,512
|
|
|
|
175
|
|
|
McCormick & Co., Inc.
|
|
|
10,654
|
|
|
|
285
|
|
|
Mead Johnson Nutrition Co.
|
|
|
20,794
|
|
|
|
206
|
|
|
Monster Beverage Corp.*
|
|
|
13,693
|
|
|
|
86
|
|
|
Nu Skin Enterprises, Inc., Class A
|
|
|
4,387
|
|
|
|
2,120
|
|
|
PepsiCo, Inc.
|
|
|
154,188
|
|
|
|
2,320
|
|
|
Philip Morris International, Inc.
|
|
|
212,141
|
|
|
|
3,687
|
|
|
Procter & Gamble Co./The
|
|
|
237,959
|
|
|
|
87
|
|
|
Ralcorp Holdings, Inc.*
|
|
|
5,191
|
|
|
|
457
|
|
|
Reynolds American, Inc.
|
|
|
21,145
|
|
|
|
330
|
|
|
Safeway, Inc.
|
|
|
5,132
|
|
|
|
234
|
|
|
Smithfield Foods, Inc.*
|
|
|
4,329
|
|
|
|
107
|
|
|
Snyders-Lance, Inc.
|
|
|
2,507
|
|
|
|
813
|
|
|
Sysco Corp.
|
|
|
23,894
|
|
|
|
55
|
|
|
TreeHouse Foods, Inc.*
|
|
|
3,079
|
|
|
|
410
|
|
|
Tyson Foods, Inc., Class A
|
|
|
6,154
|
|
|
|
109
|
|
|
United Natural Foods, Inc.*
|
|
|
5,919
|
|
|
|
1,161
|
|
|
Walgreen Co.
|
|
|
42,214
|
|
|
|
2,363
|
|
|
Wal-Mart Stores, Inc.
|
|
|
175,878
|
|
|
|
224
|
|
|
Whole Foods Market, Inc.
|
|
|
20,559
|
|
|
|
|
|
|
|
|
|
1,993,153
|
|
|
|
|
|
|
Energy - 10.5%
|
|
|
|
|
|
|
336
|
|
|
Alpha Natural Resources, Inc.*
|
|
|
2,355
|
|
|
|
681
|
|
|
Anadarko Petroleum Corp.
|
|
|
47,289
|
|
|
|
544
|
|
|
Apache Corp.
|
|
|
46,849
|
|
|
|
409
|
|
|
Arch Coal, Inc.
|
|
|
2,949
|
|
|
|
93
|
|
|
Atwood Oceanics, Inc.*
|
|
|
4,141
|
|
|
|
603
|
|
|
Baker Hughes, Inc.
|
|
|
27,931
|
|
|
|
70
|
|
|
Berry Petroleum Co., Class A
|
|
|
2,661
|
|
|
|
295
|
|
|
Cabot Oil & Gas Corp.
|
|
|
12,446
|
|
|
|
367
|
|
|
Cameron International Corp.*
|
|
|
18,449
|
|
|
|
28
|
|
|
CARBO Ceramics, Inc.
|
|
|
1,797
|
|
|
|
281
|
|
|
Cheniere Energy, Inc.*
|
|
|
3,830
|
|
|
|
912
|
|
|
Chesapeake Energy Corp.
|
|
|
17,164
|
|
|
|
2,675
|
|
|
Chevron Corp.
|
|
|
293,126
|
|
|
|
126
|
|
|
Cimarex Energy Co.
|
|
|
7,143
|
|
|
|
257
|
|
|
Cobalt International Energy, Inc.*
|
|
|
6,451
|
|
|
|
147
|
|
|
Concho Resources, Inc.*
|
|
|
12,532
|
|
|
|
1,712
|
|
|
ConocoPhillips
|
|
|
93,201
|
|
|
|
320
|
|
|
CONSOL Energy, Inc.
|
|
|
9,274
|
|
|
|
78
|
|
|
Continental Resources, Inc.*
|
|
|
4,991
|
|
|
|
74
|
|
|
Core Laboratories N.V.
|
|
|
8,255
|
|
|
|
576
|
|
|
Denbury Resources, Inc.*
|
|
|
8,709
|
|
|
|
538
|
|
|
Devon Energy Corp.
|
|
|
31,807
|
|
|
|
91
|
|
|
Diamond Offshore Drilling, Inc.
|
|
|
5,953
|
|
|
|
106
|
|
|
Dresser-Rand Group, Inc.*
|
|
|
4,930
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
55
|
|
|
Dril-Quip, Inc.*
|
|
$
|
4,032
|
|
|
|
103
|
|
|
Energen Corp.
|
|
|
5,275
|
|
|
|
157
|
|
|
Energy XXI Bermuda Ltd.
|
|
|
4,895
|
|
|
|
363
|
|
|
EOG Resources, Inc.
|
|
|
35,578
|
|
|
|
213
|
|
|
EQT Corp.
|
|
|
12,013
|
|
|
|
6,344
|
|
|
Exxon Mobil Corp.
|
|
|
550,976
|
|
|
|
341
|
|
|
FMC Technologies, Inc.*
|
|
|
15,386
|
|
|
|
1,255
|
|
|
Halliburton Co.
|
|
|
41,578
|
|
|
|
196
|
|
|
Helix Energy Solutions Group, Inc.*
|
|
|
3,504
|
|
|
|
150
|
|
|
Helmerich & Payne, Inc.
|
|
|
6,975
|
|
|
|
438
|
|
|
Hess Corp.
|
|
|
20,656
|
|
|
|
272
|
|
|
HollyFrontier Corp.
|
|
|
10,170
|
|
|
|
753
|
|
|
Kinder Morgan, Inc.
|
|
|
26,965
|
|
|
|
348
|
|
|
Kodiak Oil & Gas Corp.*
|
|
|
2,906
|
|
|
|
59
|
|
|
Lufkin Industries, Inc.
|
|
|
2,717
|
|
|
|
978
|
|
|
Marathon Oil Corp.
|
|
|
25,888
|
|
|
|
465
|
|
|
Marathon Petroleum Corp.
|
|
|
21,995
|
|
|
|
355
|
|
|
McDermott International, Inc.*
|
|
|
4,154
|
|
|
|
186
|
|
|
McMoRan Exploration Co.*
|
|
|
2,429
|
|
|
|
291
|
|
|
Murphy Oil Corp.
|
|
|
15,615
|
|
|
|
496
|
|
|
Nabors Industries Ltd.*
|
|
|
6,865
|
|
|
|
595
|
|
|
National Oilwell Varco, Inc.
|
|
|
43,019
|
|
|
|
182
|
|
|
Newfield Exploration Co.*
|
|
|
5,556
|
|
|
|
360
|
|
|
Noble Corp.*
|
|
|
13,320
|
|
|
|
258
|
|
|
Noble Energy, Inc.
|
|
|
22,557
|
|
|
|
95
|
|
|
Oasis Petroleum, Inc.*
|
|
|
2,487
|
|
|
|
1,103
|
|
|
Occidental Petroleum Corp.
|
|
|
95,994
|
|
|
|
181
|
|
|
Oceaneering International, Inc.
|
|
|
9,356
|
|
|
|
98
|
|
|
Oil States International, Inc.*
|
|
|
7,125
|
|
|
|
283
|
|
|
Patterson-UTI Energy, Inc.
|
|
|
4,381
|
|
|
|
380
|
|
|
Peabody Energy Corp.
|
|
|
7,934
|
|
|
|
837
|
|
|
Phillips 66
|
|
|
31,471
|
|
|
|
170
|
|
|
Pioneer Natural Resources Co.
|
|
|
15,067
|
|
|
|
185
|
|
|
Plains Exploration & Production Co.*
|
|
|
7,393
|
|
|
|
237
|
|
|
QEP Resources, Inc.
|
|
|
7,117
|
|
|
|
227
|
|
|
Range Resources Corp.
|
|
|
14,210
|
|
|
|
81
|
|
|
Rosetta Resources, Inc.*
|
|
|
3,379
|
|
|
|
163
|
|
|
Rowan Cos. plc, Class A*
|
|
|
5,726
|
|
|
|
511
|
|
|
SandRidge Energy, Inc.*
|
|
|
3,485
|
|
|
|
1,824
|
|
|
Schlumberger Ltd.
|
|
|
129,978
|
|
|
|
46
|
|
|
SEACOR Holdings, Inc.*
|
|
|
3,908
|
|
|
|
99
|
|
|
SM Energy Co.
|
|
|
4,662
|
|
|
|
507
|
|
|
Southwestern Energy Co.*
|
|
|
16,858
|
|
|
|
902
|
|
|
Spectra Energy Corp.
|
|
|
27,682
|
|
|
|
152
|
|
|
Sunoco, Inc.
|
|
|
7,325
|
|
|
|
243
|
|
|
Superior Energy Services, Inc.*
|
|
|
5,266
|
|
|
|
218
|
|
|
Tesoro Corp.*
|
|
|
6,028
|
|
|
|
83
|
|
|
Tidewater, Inc.
|
|
|
4,031
|
|
|
|
234
|
|
|
Ultra Petroleum Corp.*
|
|
|
5,560
|
|
|
|
107
|
|
|
Unit Corp.*
|
|
|
4,254
|
|
|
|
773
|
|
|
Valero Energy Corp.
|
|
|
21,258
|
|
|
|
159
|
|
|
Whiting Petroleum Corp.*
|
|
|
6,424
|
|
|
|
823
|
|
|
Williams Cos., Inc./The
|
|
|
26,163
|
|
|
|
106
|
|
|
World Fuel Services Corp.
|
|
|
4,292
|
|
|
|
275
|
|
|
WPX Energy, Inc.*
|
|
|
4,386
|
|
|
|
|
|
|
|
|
|
2,072,457
|
|
|
|
|
|
|
Financials - 15.5%
|
|
|
|
|
|
|
482
|
|
|
ACE Ltd.
|
|
|
35,427
|
|
|
|
81
|
|
|
Affiliated Managers Group, Inc.*
|
|
|
9,039
|
|
|
|
665
|
|
|
Aflac, Inc.
|
|
|
29,114
|
|
|
|
87
|
|
|
Alexandria Real Estate Equities, Inc. (REIT)
|
|
|
6,393
|
|
|
|
23
|
|
|
Alleghany Corp.*
|
|
|
7,954
|
|
|
|
65
|
|
|
Allied World Assurance Co. Holdings AG
|
|
|
4,903
|
|
|
|
673
|
|
|
Allstate Corp./The
|
|
|
23,084
|
|
|
|
134
|
|
|
American Campus Communities, Inc. (REIT)
|
|
|
6,386
|
|
|
|
429
|
|
|
American Capital Agency Corp. (REIT)
|
|
|
15,075
|
|
|
|
1,417
|
|
|
American Express Co.
|
|
|
81,775
|
|
|
|
194
|
|
|
American Financial Group, Inc./OH
|
|
|
7,316
|
|
|
|
990
|
|
|
American International Group, Inc.*
|
|
|
30,957
|
|
|
|
209
|
|
|
American Realty Capital Trust, Inc. (REIT)
|
|
|
2,303
|
|
|
|
550
|
|
|
American Tower Corp. (REIT)
|
|
|
39,770
|
|
|
|
341
|
|
|
Ameriprise Financial, Inc.
|
|
|
17,637
|
|
|
|
1,291
|
|
|
Annaly Capital Management, Inc. (REIT)
|
|
|
22,502
|
|
|
|
462
|
|
|
Aon plc
|
|
|
22,730
|
|
|
|
161
|
|
|
Apartment Investment & Management Co., Class A (REIT)
|
|
|
4,416
|
|
|
|
208
|
|
|
Arch Capital Group Ltd.*
|
|
|
8,070
|
|
|
|
180
|
|
|
Arthur J. Gallagher & Co.
|
|
|
6,386
|
|
|
|
173
|
|
|
Aspen Insurance Holdings Ltd.
|
|
|
4,972
|
|
|
|
300
|
|
|
Associated Banc-Corp.
|
|
|
3,747
|
|
|
|
168
|
|
|
Assurant, Inc.
|
|
|
6,083
|
|
|
|
250
|
|
|
Assured Guaranty Ltd.
|
|
|
2,995
|
|
|
|
130
|
|
|
AvalonBay Communities, Inc. (REIT)
|
|
|
19,122
|
|
|
|
203
|
|
|
Axis Capital Holdings Ltd.
|
|
|
6,671
|
|
|
|
14,682
|
|
|
Bank of America Corp.
|
|
|
107,766
|
|
|
|
135
|
|
|
Bank of Hawaii Corp.
|
|
|
6,306
|
|
|
|
1,683
|
|
|
Bank of New York Mellon Corp./The
|
|
|
35,814
|
|
|
|
994
|
|
|
BB&T Corp.
|
|
|
31,182
|
|
|
|
1,357
|
|
|
Berkshire Hathaway, Inc., Class B*
|
|
|
115,128
|
|
|
|
276
|
|
|
BioMed Realty Trust, Inc. (REIT)
|
|
|
5,189
|
|
|
|
139
|
|
|
BlackRock, Inc.
|
|
|
23,666
|
|
|
|
55
|
|
|
BOK Financial Corp.
|
|
|
3,107
|
|
|
|
215
|
|
|
Boston Properties, Inc. (REIT)
|
|
|
23,843
|
|
|
|
295
|
|
|
Brandywine Realty Trust (REIT)
|
|
|
3,505
|
|
|
|
112
|
|
|
BRE Properties, Inc. (REIT)
|
|
|
5,900
|
|
|
|
138
|
|
|
Brown & Brown, Inc.
|
|
|
3,483
|
|
|
|
104
|
|
|
Camden Property Trust (REIT)
|
|
|
7,416
|
|
|
|
788
|
|
|
Capital One Financial Corp.
|
|
|
44,514
|
|
|
|
398
|
|
|
CapitalSource, Inc.
|
|
|
2,607
|
|
|
|
273
|
|
|
Capitol Federal Financial, Inc.
|
|
|
3,200
|
|
|
|
235
|
|
|
CBL & Associates Properties, Inc. (REIT)
|
|
|
4,637
|
|
|
|
125
|
|
|
CBOE Holdings, Inc.
|
|
|
3,562
|
|
|
|
431
|
|
|
CBRE Group, Inc., Class A*
|
|
|
6,715
|
|
|
|
1,439
|
|
|
Charles Schwab Corp./The
|
|
|
18,175
|
|
|
|
1,118
|
|
|
Chimera Investment Corp. (REIT)
|
|
|
2,415
|
|
|
|
366
|
|
|
Chubb Corp./The
|
|
|
26,605
|
|
|
|
236
|
|
|
Cincinnati Financial Corp.
|
|
|
8,930
|
|
|
|
288
|
|
|
CIT Group, Inc.*
|
|
|
10,518
|
|
|
|
3,991
|
|
|
Citigroup, Inc.
|
|
|
108,276
|
|
|
|
77
|
|
|
City National Corp./CA
|
|
|
3,795
|
|
|
|
437
|
|
|
CME Group, Inc.
|
|
|
22,772
|
|
|
|
591
|
|
|
CNO Financial Group, Inc.
|
|
|
4,899
|
|
|
|
111
|
|
|
Colonial Properties Trust (REIT)
|
|
|
2,514
|
|
|
|
290
|
|
|
Comerica, Inc.
|
|
|
8,761
|
|
|
|
153
|
|
|
Commerce Bancshares, Inc./MO
|
|
|
6,025
|
|
|
|
142
|
|
|
CommonWealth REIT (REIT)
|
|
|
2,590
|
|
|
|
125
|
|
|
Corporate Office Properties Trust (REIT)
|
|
|
2,782
|
|
|
|
135
|
|
|
Cullen/Frost Bankers, Inc.
|
|
|
7,467
|
|
|
|
128
|
|
|
CYS Investments, Inc. (REIT)
|
|
|
1,851
|
|
|
|
365
|
|
|
DCT Industrial Trust, Inc. (REIT)
|
|
|
2,285
|
|
|
|
361
|
|
|
DDR Corp. (REIT)
|
|
|
5,429
|
|
|
|
398
|
|
|
DiamondRock Hospitality Co. (REIT)
|
|
|
3,765
|
|
|
|
152
|
|
|
Digital Realty Trust, Inc. (REIT)
|
|
|
11,867
|
|
|
|
732
|
|
|
Discover Financial Services
|
|
|
26,323
|
|
|
|
200
|
|
|
Douglas Emmett, Inc. (REIT)
|
|
|
4,702
|
|
|
|
381
|
|
|
Duke Realty Corp. (REIT)
|
|
|
5,509
|
|
|
|
103
|
|
|
DuPont Fabros Technology, Inc. (REIT)
|
|
|
2,771
|
|
|
|
411
|
|
|
E*TRADE Financial Corp.*
|
|
|
3,136
|
|
|
|
262
|
|
|
East West Bancorp, Inc.
|
|
|
5,712
|
|
|
|
60
|
|
|
EastGroup Properties, Inc. (REIT)
|
|
|
3,209
|
|
|
|
217
|
|
|
Eaton Vance Corp.
|
|
|
5,757
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
101
|
|
|
Endurance Specialty Holdings Ltd.
|
|
$
|
3,502
|
|
|
|
70
|
|
|
Entertainment Properties Trust (REIT)
|
|
|
3,161
|
|
|
|
58
|
|
|
Equity Lifestyle Properties, Inc. (REIT)
|
|
|
4,171
|
|
|
|
410
|
|
|
Equity Residential (REIT)
|
|
|
25,957
|
|
|
|
90
|
|
|
Erie Indemnity Co., Class A
|
|
|
6,416
|
|
|
|
50
|
|
|
Essex Property Trust, Inc. (REIT)
|
|
|
7,868
|
|
|
|
69
|
|
|
Everest Re Group Ltd.
|
|
|
7,017
|
|
|
|
199
|
|
|
Extra Space Storage, Inc. (REIT)
|
|
|
6,515
|
|
|
|
104
|
|
|
Federal Realty Investment Trust (REIT)
|
|
|
11,301
|
|
|
|
144
|
|
|
Federated Investors, Inc., Class B
|
|
|
2,896
|
|
|
|
295
|
|
|
Fidelity National Financial, Inc., Class A
|
|
|
5,493
|
|
|
|
1,295
|
|
|
Fifth Third Bancorp
|
|
|
17,897
|
|
|
|
140
|
|
|
First American Financial Corp.
|
|
|
2,565
|
|
|
|
467
|
|
|
First Horizon National Corp.
|
|
|
3,843
|
|
|
|
706
|
|
|
First Niagara Financial Group, Inc.
|
|
|
5,351
|
|
|
|
121
|
|
|
First Republic Bank/CA
|
|
|
3,936
|
|
|
|
286
|
|
|
FirstMerit Corp.
|
|
|
4,633
|
|
|
|
433
|
|
|
FNB Corp./PA
|
|
|
4,711
|
|
|
|
216
|
|
|
Forest City Enterprises, Inc., Class A*
|
|
|
3,048
|
|
|
|
206
|
|
|
Franklin Resources, Inc.
|
|
|
23,680
|
|
|
|
371
|
|
|
Fulton Financial Corp.
|
|
|
3,409
|
|
|
|
556
|
|
|
General Growth Properties, Inc. (REIT)
|
|
|
10,075
|
|
|
|
773
|
|
|
Genworth Financial, Inc., Class A*
|
|
|
3,896
|
|
|
|
226
|
|
|
Glimcher Realty Trust (REIT)
|
|
|
2,265
|
|
|
|
584
|
|
|
Goldman Sachs Group, Inc./The
|
|
|
58,926
|
|
|
|
134
|
|
|
Hancock Holding Co.
|
|
|
4,084
|
|
|
|
100
|
|
|
Hanover Insurance Group, Inc./The
|
|
|
3,507
|
|
|
|
659
|
|
|
Hartford Financial Services Group, Inc.
|
|
|
10,841
|
|
|
|
106
|
|
|
Hatteras Financial Corp. (REIT)
|
|
|
3,100
|
|
|
|
158
|
|
|
HCC Insurance Holdings, Inc.
|
|
|
4,841
|
|
|
|
584
|
|
|
HCP, Inc. (REIT)
|
|
|
27,571
|
|
|
|
300
|
|
|
Health Care REIT, Inc. (REIT)
|
|
|
18,669
|
|
|
|
162
|
|
|
Healthcare Realty Trust, Inc. (REIT)
|
|
|
3,979
|
|
|
|
137
|
|
|
Highwoods Properties, Inc. (REIT)
|
|
|
4,640
|
|
|
|
73
|
|
|
Home Properties, Inc. (REIT)
|
|
|
4,790
|
|
|
|
206
|
|
|
Hospitality Properties Trust (REIT)
|
|
|
5,000
|
|
|
|
1,029
|
|
|
Host Hotels & Resorts, Inc. (REIT)
|
|
|
15,106
|
|
|
|
34
|
|
|
Howard Hughes Corp./The*
|
|
|
2,095
|
|
|
|
801
|
|
|
Hudson City Bancorp, Inc.
|
|
|
5,086
|
|
|
|
1,356
|
|
|
Huntington Bancshares, Inc./OH
|
|
|
8,428
|
|
|
|
52
|
|
|
Iberiabank Corp.
|
|
|
2,435
|
|
|
|
104
|
|
|
IntercontinentalExchange, Inc.*
|
|
|
13,647
|
|
|
|
769
|
|
|
Invesco Ltd.
|
|
|
17,018
|
|
|
|
162
|
|
|
Invesco Mortgage Capital, Inc. (REIT)
|
|
|
3,206
|
|
|
|
227
|
|
|
Jefferies Group, Inc.
|
|
|
2,847
|
|
|
|
77
|
|
|
Jones Lang LaSalle, Inc.
|
|
|
5,135
|
|
|
|
5,182
|
|
|
JPMorgan Chase & Co.
|
|
|
186,552
|
|
|
|
1,461
|
|
|
KeyCorp
|
|
|
11,659
|
|
|
|
107
|
|
|
Kilroy Realty Corp. (REIT)
|
|
|
5,065
|
|
|
|
590
|
|
|
Kimco Realty Corp. (REIT)
|
|
|
11,499
|
|
|
|
140
|
|
|
LaSalle Hotel Properties (REIT)
|
|
|
3,676
|
|
|
|
212
|
|
|
Legg Mason, Inc.
|
|
|
5,198
|
|
|
|
347
|
|
|
Leucadia National Corp.
|
|
|
7,523
|
|
|
|
178
|
|
|
Liberty Property Trust (REIT)
|
|
|
6,460
|
|
|
|
468
|
|
|
Lincoln National Corp.
|
|
|
9,383
|
|
|
|
497
|
|
|
Loews Corp.
|
|
|
19,676
|
|
|
|
77
|
|
|
LPL Financial Holdings, Inc.
|
|
|
2,158
|
|
|
|
182
|
|
|
M&T Bank Corp.
|
|
|
15,623
|
|
|
|
199
|
|
|
Macerich Co./The (REIT)
|
|
|
11,624
|
|
|
|
131
|
|
|
Mack-Cali Realty Corp. (REIT)
|
|
|
3,509
|
|
|
|
17
|
|
|
Markel Corp.*
|
|
|
7,345
|
|
|
|
794
|
|
|
Marsh & McLennan Cos., Inc.
|
|
|
26,369
|
|
|
|
232
|
|
|
MBIA, Inc.*
|
|
|
2,216
|
|
|
|
1,160
|
|
|
MetLife, Inc.
|
|
|
35,693
|
|
|
|
655
|
|
|
MFA Financial, Inc. (REIT)
|
|
|
5,292
|
|
|
|
58
|
|
|
Mid-America Apartment Communities, Inc. (REIT)
|
|
|
4,015
|
|
|
|
285
|
|
|
Moody's Corp.
|
|
|
11,551
|
|
|
|
1,936
|
|
|
Morgan Stanley
|
|
|
26,446
|
|
|
|
200
|
|
|
MSCI, Inc.*
|
|
|
6,630
|
|
|
|
234
|
|
|
NASDAQ OMX Group, Inc./The
|
|
|
5,312
|
|
|
|
149
|
|
|
National Retail Properties, Inc. (REIT)
|
|
|
4,395
|
|
|
|
665
|
|
|
New York Community Bancorp, Inc.
|
|
|
8,632
|
|
|
|
321
|
|
|
Northern Trust Corp.
|
|
|
14,573
|
|
|
|
371
|
|
|
NYSE Euronext
|
|
|
9,453
|
|
|
|
187
|
|
|
Ocwen Financial Corp.*
|
|
|
3,695
|
|
|
|
294
|
|
|
Old Republic International Corp.
|
|
|
2,370
|
|
|
|
191
|
|
|
Omega Healthcare Investors, Inc. (REIT)
|
|
|
4,630
|
|
|
|
111
|
|
|
PartnerRe Ltd.
|
|
|
8,041
|
|
|
|
467
|
|
|
People's United Financial, Inc.
|
|
|
5,352
|
|
|
|
318
|
|
|
Piedmont Office Realty Trust, Inc., Class A (REIT)
|
|
|
5,425
|
|
|
|
243
|
|
|
Plum Creek Timber Co., Inc. (REIT)
|
|
|
9,863
|
|
|
|
740
|
|
|
PNC Financial Services Group, Inc.
|
|
|
43,734
|
|
|
|
156
|
|
|
Popular, Inc.*
|
|
|
2,351
|
|
|
|
80
|
|
|
Post Properties, Inc. (REIT)
|
|
|
4,132
|
|
|
|
395
|
|
|
Principal Financial Group, Inc.
|
|
|
10,108
|
|
|
|
65
|
|
|
ProAssurance Corp.
|
|
|
5,822
|
|
|
|
900
|
|
|
Progressive Corp./The
|
|
|
17,766
|
|
|
|
628
|
|
|
Prologis, Inc. (REIT)
|
|
|
20,303
|
|
|
|
83
|
|
|
Prosperity Bancshares, Inc.
|
|
|
3,367
|
|
|
|
156
|
|
|
Protective Life Corp.
|
|
|
4,354
|
|
|
|
725
|
|
|
Prudential Financial, Inc.
|
|
|
35,003
|
|
|
|
204
|
|
|
Public Storage (REIT)
|
|
|
30,386
|
|
|
|
213
|
|
|
Raymond James Financial, Inc.
|
|
|
7,161
|
|
|
|
180
|
|
|
Rayonier, Inc. (REIT)
|
|
|
8,584
|
|
|
|
230
|
|
|
Realty Income Corp. (REIT)
|
|
|
9,476
|
|
|
|
151
|
|
|
Regency Centers Corp. (REIT)
|
|
|
7,225
|
|
|
|
1,948
|
|
|
Regions Financial Corp.
|
|
|
13,558
|
|
|
|
121
|
|
|
Reinsurance Group of America, Inc.
|
|
|
6,736
|
|
|
|
108
|
|
|
RenaissanceRe Holdings Ltd.
|
|
|
7,991
|
|
|
|
260
|
|
|
SEI Investments Co.
|
|
|
5,507
|
|
|
|
254
|
|
|
Senior Housing Properties Trust (REIT)
|
|
|
5,778
|
|
|
|
72
|
|
|
Signature Bank/NY*
|
|
|
4,644
|
|
|
|
400
|
|
|
Simon Property Group, Inc. (REIT)
|
|
|
64,196
|
|
|
|
134
|
|
|
SL Green Realty Corp. (REIT)
|
|
|
10,552
|
|
|
|
739
|
|
|
SLM Corp.
|
|
|
11,817
|
|
|
|
60
|
|
|
Sovran Self Storage, Inc. (REIT)
|
|
|
3,426
|
|
|
|
138
|
|
|
St Joe Co./The*
|
|
|
2,336
|
|
|
|
89
|
|
|
StanCorp Financial Group, Inc.
|
|
|
2,649
|
|
|
|
187
|
|
|
Starwood Property Trust, Inc. (REIT)
|
|
|
4,163
|
|
|
|
663
|
|
|
State Street Corp.
|
|
|
26,772
|
|
|
|
118
|
|
|
Stifel Financial Corp.*
|
|
|
3,552
|
|
|
|
754
|
|
|
SunTrust Banks, Inc.
|
|
|
17,832
|
|
|
|
437
|
|
|
Susquehanna Bancshares, Inc.
|
|
|
4,658
|
|
|
|
97
|
|
|
SVB Financial Group*
|
|
|
5,608
|
|
|
|
1,169
|
|
|
Synovus Financial Corp.
|
|
|
2,221
|
|
|
|
342
|
|
|
T. Rowe Price Group, Inc.
|
|
|
20,776
|
|
|
|
163
|
|
|
Tanger Factory Outlet Centers (REIT)
|
|
|
5,249
|
|
|
|
84
|
|
|
Taubman Centers, Inc. (REIT)
|
|
|
6,512
|
|
|
|
296
|
|
|
TCF Financial Corp.
|
|
|
3,058
|
|
|
|
347
|
|
|
TD Ameritrade Holding Corp.
|
|
|
5,524
|
|
|
|
62
|
|
|
Texas Capital Bancshares, Inc.*
|
|
|
2,672
|
|
|
|
197
|
|
|
Torchmark Corp.
|
|
|
9,801
|
|
|
|
540
|
|
|
Travelers Cos., Inc./The
|
|
|
33,831
|
|
|
|
347
|
|
|
Two Harbors Investment Corp. (REIT)
|
|
|
3,980
|
|
|
|
2,618
|
|
|
U.S. Bancorp
|
|
|
87,703
|
|
|
|
322
|
|
|
UDR, Inc. (REIT)
|
|
|
8,568
|
|
|
|
60
|
|
|
UMB Financial Corp.
|
|
|
2,884
|
|
|
|
247
|
|
|
Umpqua Holdings Corp.
|
|
|
3,083
|
|
|
|
460
|
|
|
Unum Group
|
|
|
8,689
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
154
|
|
|
Validus Holdings Ltd.
|
|
$
|
5,010
|
|
|
|
371
|
|
|
Valley National Bancorp
|
|
|
3,450
|
|
|
|
404
|
|
|
Ventas, Inc. (REIT)
|
|
|
27,169
|
|
|
|
272
|
|
|
Vornado Realty Trust (REIT)
|
|
|
22,712
|
|
|
|
170
|
|
|
W.R. Berkley Corp.
|
|
|
6,227
|
|
|
|
123
|
|
|
Waddell & Reed Financial, Inc., Class A
|
|
|
3,578
|
|
|
|
196
|
|
|
Washington Federal, Inc.
|
|
|
3,122
|
|
|
|
166
|
|
|
Washington Real Estate Investment Trust (REIT)
|
|
|
4,432
|
|
|
|
184
|
|
|
Webster Financial Corp.
|
|
|
3,776
|
|
|
|
210
|
|
|
Weingarten Realty Investors (REIT)
|
|
|
5,645
|
|
|
|
6,788
|
|
|
Wells Fargo & Co.
|
|
|
229,502
|
|
|
|
759
|
|
|
Weyerhaeuser Co. (REIT)
|
|
|
17,723
|
|
|
|
10
|
|
|
White Mountains Insurance Group Ltd.
|
|
|
5,106
|
|
|
|
234
|
|
|
Willis Group Holdings plc
|
|
|
8,653
|
|
|
|
465
|
|
|
XL Group plc
|
|
|
9,602
|
|
|
|
297
|
|
|
Zions Bancorp.
|
|
|
5,405
|
|
|
|
|
|
|
|
|
|
3,063,877
|
|
|
|
|
|
|
Health Care - 11.8%
|
|
|
|
|
|
|
2,121
|
|
|
Abbott Laboratories
|
|
|
140,643
|
|
|
|
467
|
|
|
Aetna, Inc.
|
|
|
16,840
|
|
|
|
496
|
|
|
Agilent Technologies, Inc.
|
|
|
18,992
|
|
|
|
107
|
|
|
Alere, Inc.*
|
|
|
2,019
|
|
|
|
261
|
|
|
Alexion Pharmaceuticals, Inc.*
|
|
|
27,366
|
|
|
|
95
|
|
|
Align Technology, Inc.*
|
|
|
3,226
|
|
|
|
149
|
|
|
Alkermes plc*
|
|
|
2,770
|
|
|
|
405
|
|
|
Allergan, Inc.
|
|
|
33,238
|
|
|
|
254
|
|
|
Allscripts Healthcare Solutions, Inc.*
|
|
|
2,337
|
|
|
|
71
|
|
|
AMERIGROUP Corp.*
|
|
|
6,381
|
|
|
|
382
|
|
|
AmerisourceBergen Corp.
|
|
|
15,165
|
|
|
|
1,062
|
|
|
Amgen, Inc.
|
|
|
87,721
|
|
|
|
202
|
|
|
Amylin Pharmaceuticals, Inc.*
|
|
|
6,220
|
|
|
|
260
|
|
|
Ariad Pharmaceuticals, Inc.*
|
|
|
4,974
|
|
|
|
48
|
|
|
athenahealth, Inc.*
|
|
|
4,392
|
|
|
|
762
|
|
|
Baxter International, Inc.
|
|
|
44,585
|
|
|
|
267
|
|
|
Becton Dickinson and Co.
|
|
|
20,215
|
|
|
|
332
|
|
|
Biogen Idec, Inc.*
|
|
|
48,416
|
|
|
|
190
|
|
|
BioMarin Pharmaceutical, Inc.*
|
|
|
7,465
|
|
|
|
27
|
|
|
Bio-Rad Laboratories, Inc., Class A*
|
|
|
2,598
|
|
|
|
2,012
|
|
|
Boston Scientific Corp.*
|
|
|
10,402
|
|
|
|
2,278
|
|
|
Bristol-Myers Squibb Co.
|
|
|
81,097
|
|
|
|
149
|
|
|
Brookdale Senior Living, Inc.*
|
|
|
2,453
|
|
|
|
113
|
|
|
C.R. Bard, Inc.
|
|
|
10,990
|
|
|
|
488
|
|
|
Cardinal Health, Inc.
|
|
|
21,028
|
|
|
|
317
|
|
|
CareFusion Corp.*
|
|
|
7,738
|
|
|
|
600
|
|
|
Celgene Corp.*
|
|
|
41,076
|
|
|
|
100
|
|
|
Centene Corp.*
|
|
|
3,804
|
|
|
|
95
|
|
|
Cepheid, Inc.*
|
|
|
3,044
|
|
|
|
199
|
|
|
Cerner Corp.*
|
|
|
14,710
|
|
|
|
79
|
|
|
Charles River Laboratories International, Inc.*
|
|
|
2,688
|
|
|
|
381
|
|
|
Cigna Corp.
|
|
|
15,347
|
|
|
|
108
|
|
|
Community Health Systems, Inc.*
|
|
|
2,658
|
|
|
|
66
|
|
|
Cooper Cos., Inc./The
|
|
|
4,967
|
|
|
|
77
|
|
|
Covance, Inc.*
|
|
|
3,614
|
|
|
|
182
|
|
|
Coventry Health Care, Inc.
|
|
|
6,066
|
|
|
|
663
|
|
|
Covidien plc
|
|
|
37,048
|
|
|
|
104
|
|
|
Cubist Pharmaceuticals, Inc.*
|
|
|
4,478
|
|
|
|
128
|
|
|
DaVita, Inc.*
|
|
|
12,598
|
|
|
|
175
|
|
|
DENTSPLY International, Inc.
|
|
|
6,359
|
|
|
|
156
|
|
|
Edwards Lifesciences Corp.*
|
|
|
15,787
|
|
|
|
1,319
|
|
|
Eli Lilly & Co.
|
|
|
58,076
|
|
|
|
189
|
|
|
Endo Health Solutions, Inc.*
|
|
|
5,619
|
|
|
|
1,074
|
|
|
Express Scripts Holding Co.*
|
|
|
62,228
|
|
|
|
344
|
|
|
Forest Laboratories, Inc.*
|
|
|
11,541
|
|
|
|
1,020
|
|
|
Gilead Sciences, Inc.*
|
|
|
55,417
|
|
|
|
65
|
|
|
Haemonetics Corp.*
|
|
|
4,674
|
|
|
|
222
|
|
|
HCA Holdings, Inc.
|
|
|
5,879
|
|
|
|
309
|
|
|
Health Management Associates, Inc., Class A*
|
|
|
2,033
|
|
|
|
142
|
|
|
Health Net, Inc.*
|
|
|
3,127
|
|
|
|
139
|
|
|
HealthSouth Corp.*
|
|
|
3,114
|
|
|
|
144
|
|
|
Henry Schein, Inc.*
|
|
|
10,773
|
|
|
|
84
|
|
|
Hill-Rom Holdings, Inc.
|
|
|
2,197
|
|
|
|
134
|
|
|
HMS Holdings Corp.*
|
|
|
4,611
|
|
|
|
402
|
|
|
Hologic, Inc.*
|
|
|
7,445
|
|
|
|
229
|
|
|
Hospira, Inc.*
|
|
|
7,958
|
|
|
|
313
|
|
|
Human Genome Sciences, Inc.*
|
|
|
4,457
|
|
|
|
227
|
|
|
Humana, Inc.
|
|
|
13,983
|
|
|
|
81
|
|
|
IDEXX Laboratories, Inc.*
|
|
|
7,142
|
|
|
|
167
|
|
|
Illumina, Inc.*
|
|
|
6,925
|
|
|
|
200
|
|
|
Incyte Corp. Ltd.*
|
|
|
4,998
|
|
|
|
53
|
|
|
Intuitive Surgical, Inc.*
|
|
|
25,519
|
|
|
|
48
|
|
|
Jazz Pharmaceuticals plc*
|
|
|
2,307
|
|
|
|
3,732
|
|
|
Johnson & Johnson
|
|
|
258,329
|
|
|
|
131
|
|
|
Laboratory Corp of America Holdings*
|
|
|
11,016
|
|
|
|
259
|
|
|
Life Technologies Corp.*
|
|
|
11,365
|
|
|
|
62
|
|
|
LifePoint Hospitals, Inc.*
|
|
|
2,363
|
|
|
|
134
|
|
|
Lincare Holdings, Inc.
|
|
|
5,548
|
|
|
|
321
|
|
|
McKesson Corp.
|
|
|
29,124
|
|
|
|
99
|
|
|
Medicis Pharmaceutical Corp., Class A
|
|
|
3,259
|
|
|
|
57
|
|
|
Medivation, Inc.*
|
|
|
5,683
|
|
|
|
74
|
|
|
MEDNAX, Inc.*
|
|
|
4,894
|
|
|
|
1,440
|
|
|
Medtronic, Inc.
|
|
|
56,765
|
|
|
|
4,167
|
|
|
Merck & Co., Inc.
|
|
|
184,056
|
|
|
|
52
|
|
|
Mettler-Toledo International, Inc.*
|
|
|
8,050
|
|
|
|
603
|
|
|
Mylan, Inc.*
|
|
|
13,887
|
|
|
|
117
|
|
|
Myriad Genetics, Inc.*
|
|
|
2,907
|
|
|
|
155
|
|
|
Omnicare, Inc.
|
|
|
4,869
|
|
|
|
100
|
|
|
Onyx Pharmaceuticals, Inc.*
|
|
|
7,497
|
|
|
|
106
|
|
|
Owens & Minor, Inc.
|
|
|
2,990
|
|
|
|
95
|
|
|
PAREXEL International Corp.*
|
|
|
2,614
|
|
|
|
148
|
|
|
Patterson Cos., Inc.
|
|
|
5,047
|
|
|
|
186
|
|
|
PerkinElmer, Inc.
|
|
|
4,752
|
|
|
|
110
|
|
|
Perrigo Co.
|
|
|
12,542
|
|
|
|
10,165
|
|
|
Pfizer, Inc.
|
|
|
244,367
|
|
|
|
74
|
|
|
Pharmacyclics, Inc.*
|
|
|
3,938
|
|
|
|
209
|
|
|
Quest Diagnostics, Inc.
|
|
|
12,212
|
|
|
|
79
|
|
|
Questcor Pharmaceuticals, Inc.*
|
|
|
2,913
|
|
|
|
101
|
|
|
Regeneron Pharmaceuticals, Inc.*
|
|
|
13,600
|
|
|
|
202
|
|
|
ResMed, Inc.*
|
|
|
6,375
|
|
|
|
75
|
|
|
Salix Pharmaceuticals Ltd.*
|
|
|
3,361
|
|
|
|
147
|
|
|
Seattle Genetics, Inc.*
|
|
|
3,846
|
|
|
|
78
|
|
|
Sirona Dental Systems, Inc.*
|
|
|
3,372
|
|
|
|
481
|
|
|
St. Jude Medical, Inc.
|
|
|
17,970
|
|
|
|
117
|
|
|
STERIS Corp.
|
|
|
3,525
|
|
|
|
405
|
|
|
Stryker Corp.
|
|
|
21,072
|
|
|
|
63
|
|
|
Techne Corp.
|
|
|
4,352
|
|
|
|
69
|
|
|
Teleflex, Inc.
|
|
|
4,398
|
|
|
|
567
|
|
|
Tenet Healthcare Corp.*
|
|
|
2,620
|
|
|
|
103
|
|
|
Theravance, Inc.*
|
|
|
3,000
|
|
|
|
506
|
|
|
Thermo Fisher Scientific, Inc.
|
|
|
28,169
|
|
|
|
84
|
|
|
Thoratec Corp.*
|
|
|
2,882
|
|
|
|
87
|
|
|
United Therapeutics Corp.*
|
|
|
4,766
|
|
|
|
1,405
|
|
|
UnitedHealth Group, Inc.
|
|
|
71,781
|
|
|
|
109
|
|
|
Universal Health Services, Inc., Class B
|
|
|
4,260
|
|
|
|
165
|
|
|
Varian Medical Systems, Inc.*
|
|
|
9,006
|
|
|
|
131
|
|
|
VCA Antech, Inc.*
|
|
|
2,384
|
|
|
|
291
|
|
|
Vertex Pharmaceuticals, Inc.*
|
|
|
14,116
|
|
|
|
98
|
|
|
ViroPharma, Inc.*
|
|
|
2,128
|
|
|
|
133
|
|
|
Vivus, Inc.*
|
|
|
2,797
|
|
|
|
72
|
|
|
Volcano Corp.*
|
|
|
1,904
|
|
|
|
255
|
|
|
Warner Chilcott plc, Class A*
|
|
|
4,335
|
|
|
|
124
|
|
|
Waters Corp.*
|
|
|
9,608
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
180
|
|
|
Watson Pharmaceuticals, Inc.*
|
|
$
|
14,009
|
|
|
|
64
|
|
|
WellCare Health Plans, Inc.*
|
|
|
4,148
|
|
|
|
449
|
|
|
WellPoint, Inc.
|
|
|
23,927
|
|
|
|
53
|
|
|
West Pharmaceutical Services, Inc.
|
|
|
2,638
|
|
|
|
246
|
|
|
Zimmer Holdings, Inc.
|
|
|
14,497
|
|
|
|
|
|
|
|
|
|
2,319,371
|
|
|
|
|
|
|
Industrials - 10.6%
|
|
|
|
|
|
|
875
|
|
|
3M Co.
|
|
|
79,826
|
|
|
|
72
|
|
|
Acacia Research Corp.*
|
|
|
2,038
|
|
|
|
139
|
|
|
Actuant Corp., Class A
|
|
|
3,956
|
|
|
|
75
|
|
|
Acuity Brands, Inc.
|
|
|
4,346
|
|
|
|
37
|
|
|
Advisory Board Co./The*
|
|
|
1,665
|
|
|
|
230
|
|
|
AECOM Technology Corp.*
|
|
|
3,728
|
|
|
|
150
|
|
|
AGCO Corp.*
|
|
|
6,576
|
|
|
|
102
|
|
|
Alaska Air Group, Inc.*
|
|
|
3,555
|
|
|
|
63
|
|
|
Alliant Techsystems, Inc.
|
|
|
2,918
|
|
|
|
369
|
|
|
AMETEK, Inc.
|
|
|
11,439
|
|
|
|
84
|
|
|
AO Smith Corp.
|
|
|
4,151
|
|
|
|
156
|
|
|
Avery Dennison Corp.
|
|
|
4,803
|
|
|
|
182
|
|
|
Avis Budget Group, Inc.*
|
|
|
2,615
|
|
|
|
173
|
|
|
Babcock & Wilcox Co./The*
|
|
|
4,342
|
|
|
|
127
|
|
|
BE Aerospace, Inc.*
|
|
|
4,982
|
|
|
|
133
|
|
|
Belden, Inc.
|
|
|
4,273
|
|
|
|
892
|
|
|
Boeing Co./The
|
|
|
65,928
|
|
|
|
99
|
|
|
Carlisle Cos., Inc.
|
|
|
4,999
|
|
|
|
794
|
|
|
Caterpillar, Inc.
|
|
|
66,863
|
|
|
|
217
|
|
|
CH Robinson Worldwide, Inc.
|
|
|
11,468
|
|
|
|
41
|
|
|
Chart Industries, Inc.*
|
|
|
2,659
|
|
|
|
159
|
|
|
Cintas Corp.
|
|
|
6,301
|
|
|
|
98
|
|
|
CLARCOR, Inc.
|
|
|
4,738
|
|
|
|
75
|
|
|
Clean Harbors, Inc.*
|
|
|
4,541
|
|
|
|
79
|
|
|
Con-way, Inc.
|
|
|
2,814
|
|
|
|
215
|
|
|
Cooper Industries plc
|
|
|
15,454
|
|
|
|
145
|
|
|
Copart, Inc.*
|
|
|
3,445
|
|
|
|
63
|
|
|
Corporate Executive Board Co./The
|
|
|
2,906
|
|
|
|
143
|
|
|
Corrections Corp. of America
|
|
|
4,444
|
|
|
|
179
|
|
|
Covanta Holding Corp.
|
|
|
3,075
|
|
|
|
112
|
|
|
Crane Co.
|
|
|
4,368
|
|
|
|
1,406
|
|
|
CSX Corp.
|
|
|
32,254
|
|
|
|
241
|
|
|
Cummins, Inc.
|
|
|
23,112
|
|
|
|
801
|
|
|
Danaher Corp.
|
|
|
42,301
|
|
|
|
549
|
|
|
Deere & Co.
|
|
|
42,174
|
|
|
|
1,168
|
|
|
Delta Air Lines, Inc.*
|
|
|
11,271
|
|
|
|
43
|
|
|
Dollar Thrifty Automotive Group, Inc.*
|
|
|
3,199
|
|
|
|
216
|
|
|
Donaldson Co., Inc.
|
|
|
7,372
|
|
|
|
252
|
|
|
Dover Corp.
|
|
|
13,726
|
|
|
|
86
|
|
|
Dun & Bradstreet Corp./The
|
|
|
6,896
|
|
|
|
493
|
|
|
Eaton Corp.
|
|
|
21,613
|
|
|
|
146
|
|
|
EMCOR Group, Inc.
|
|
|
3,844
|
|
|
|
1,006
|
|
|
Emerson Electric Co.
|
|
|
48,057
|
|
|
|
75
|
|
|
EnerSys, Inc.*
|
|
|
2,561
|
|
|
|
160
|
|
|
Equifax, Inc.
|
|
|
7,494
|
|
|
|
65
|
|
|
Esterline Technologies Corp.*
|
|
|
3,817
|
|
|
|
257
|
|
|
Exelis, Inc.
|
|
|
2,416
|
|
|
|
315
|
|
|
Expeditors International of Washington, Inc.
|
|
|
11,205
|
|
|
|
416
|
|
|
Fastenal Co.
|
|
|
17,938
|
|
|
|
414
|
|
|
FedEx Corp.
|
|
|
37,384
|
|
|
|
84
|
|
|
Flowserve Corp.
|
|
|
10,078
|
|
|
|
252
|
|
|
Fluor Corp.
|
|
|
12,494
|
|
|
|
210
|
|
|
Fortune Brands Home & Security, Inc.*
|
|
|
4,645
|
|
|
|
83
|
|
|
Gardner Denver, Inc.
|
|
|
4,729
|
|
|
|
66
|
|
|
GATX Corp.
|
|
|
2,777
|
|
|
|
424
|
|
|
General Dynamics Corp.
|
|
|
26,899
|
|
|
|
14,388
|
|
|
General Electric Co.
|
|
|
298,551
|
|
|
|
63
|
|
|
Genesee & Wyoming, Inc., Class A*
|
|
|
3,910
|
|
|
|
77
|
|
|
Graco, Inc.
|
|
|
3,533
|
|
|
|
129
|
|
|
Harsco Corp.
|
|
|
2,741
|
|
|
|
346
|
|
|
Hertz Global Holdings, Inc.*
|
|
|
3,896
|
|
|
|
144
|
|
|
Hexcel Corp.*
|
|
|
3,354
|
|
|
|
989
|
|
|
Honeywell International, Inc.
|
|
|
57,411
|
|
|
|
75
|
|
|
Hubbell, Inc., Class B
|
|
|
6,171
|
|
|
|
70
|
|
|
Huntington Ingalls Industries, Inc.*
|
|
|
2,729
|
|
|
|
131
|
|
|
IDEX Corp.
|
|
|
4,998
|
|
|
|
77
|
|
|
IHS, Inc., Class A*
|
|
|
8,491
|
|
|
|
586
|
|
|
Illinois Tool Works, Inc.
|
|
|
31,843
|
|
|
|
416
|
|
|
Ingersoll-Rand plc
|
|
|
17,643
|
|
|
|
209
|
|
|
Iron Mountain, Inc.
|
|
|
6,732
|
|
|
|
125
|
|
|
ITT Corp.
|
|
|
2,343
|
|
|
|
129
|
|
|
J.B. Hunt Transport Services, Inc.
|
|
|
7,098
|
|
|
|
195
|
|
|
Jacobs Engineering Group, Inc.*
|
|
|
7,521
|
|
|
|
159
|
|
|
Joy Global, Inc.
|
|
|
8,258
|
|
|
|
148
|
|
|
Kansas City Southern
|
|
|
10,774
|
|
|
|
226
|
|
|
KBR, Inc.
|
|
|
5,930
|
|
|
|
133
|
|
|
Kennametal, Inc.
|
|
|
4,908
|
|
|
|
60
|
|
|
Kirby Corp.*
|
|
|
3,166
|
|
|
|
144
|
|
|
L-3 Communications Holdings, Inc.
|
|
|
10,208
|
|
|
|
83
|
|
|
Landstar System, Inc.
|
|
|
4,101
|
|
|
|
76
|
|
|
Lennox International, Inc.
|
|
|
3,319
|
|
|
|
130
|
|
|
Lincoln Electric Holdings, Inc.
|
|
|
5,184
|
|
|
|
350
|
|
|
Lockheed Martin Corp.
|
|
|
31,244
|
|
|
|
160
|
|
|
Manpower, Inc.
|
|
|
5,693
|
|
|
|
533
|
|
|
Masco Corp.
|
|
|
6,412
|
|
|
|
44
|
|
|
Middleby Corp.*
|
|
|
4,308
|
|
|
|
96
|
|
|
Moog, Inc., Class A*
|
|
|
3,493
|
|
|
|
72
|
|
|
MSC Industrial Direct Co., Inc., Class A
|
|
|
4,949
|
|
|
|
74
|
|
|
Mueller Industries, Inc.
|
|
|
3,155
|
|
|
|
178
|
|
|
Navistar International Corp.*
|
|
|
4,379
|
|
|
|
85
|
|
|
Nielsen Holdings NV*
|
|
|
2,423
|
|
|
|
80
|
|
|
Nordson Corp.
|
|
|
4,101
|
|
|
|
443
|
|
|
Norfolk Southern Corp.
|
|
|
32,804
|
|
|
|
314
|
|
|
Northrop Grumman Corp.
|
|
|
20,787
|
|
|
|
98
|
|
|
Old Dominion Freight Line, Inc.*
|
|
|
4,155
|
|
|
|
162
|
|
|
Oshkosh Corp.*
|
|
|
3,648
|
|
|
|
168
|
|
|
Owens Corning*
|
|
|
4,512
|
|
|
|
485
|
|
|
PACCAR, Inc.
|
|
|
19,405
|
|
|
|
169
|
|
|
Pall Corp.
|
|
|
9,026
|
|
|
|
213
|
|
|
Parker Hannifin Corp.
|
|
|
17,108
|
|
|
|
136
|
|
|
Pentair, Inc.
|
|
|
5,961
|
|
|
|
270
|
|
|
Pitney Bowes, Inc.
|
|
|
3,607
|
|
|
|
60
|
|
|
Polypore International, Inc.*
|
|
|
2,230
|
|
|
|
44
|
|
|
Portfolio Recovery Associates, Inc.*
|
|
|
3,726
|
|
|
|
191
|
|
|
Precision Castparts Corp.
|
|
|
29,712
|
|
|
|
291
|
|
|
Quanta Services, Inc.*
|
|
|
6,690
|
|
|
|
263
|
|
|
R.R. Donnelley & Sons Co.
|
|
|
3,188
|
|
|
|
441
|
|
|
Raytheon Co.
|
|
|
24,467
|
|
|
|
67
|
|
|
Regal-Beloit Corp.
|
|
|
4,313
|
|
|
|
416
|
|
|
Republic Services, Inc.
|
|
|
12,035
|
|
|
|
65
|
|
|
Robbins & Myers, Inc.
|
|
|
2,980
|
|
|
|
204
|
|
|
Robert Half International, Inc.
|
|
|
5,510
|
|
|
|
204
|
|
|
Rockwell Automation, Inc.
|
|
|
13,741
|
|
|
|
196
|
|
|
Rockwell Collins, Inc.
|
|
|
9,912
|
|
|
|
202
|
|
|
Rollins, Inc.
|
|
|
4,763
|
|
|
|
137
|
|
|
Roper Industries, Inc.
|
|
|
13,625
|
|
|
|
57
|
|
|
Ryder System, Inc.
|
|
|
2,248
|
|
|
|
113
|
|
|
Sensata Technologies Holding N.V.*
|
|
|
3,244
|
|
|
|
101
|
|
|
Shaw Group, Inc./The*
|
|
|
3,934
|
|
|
|
93
|
|
|
Snap-on, Inc.
|
|
|
6,304
|
|
|
|
1,067
|
|
|
Southwest Airlines Co.
|
|
|
9,806
|
|
|
|
141
|
|
|
Spirit AeroSystems Holdings, Inc., Class A*
|
|
|
3,314
|
|
|
|
68
|
|
|
SPX Corp.
|
|
|
4,129
|
|
|
|
239
|
|
|
Stanley Black & Decker, Inc.
|
|
|
15,987
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
120
|
|
|
Stericycle, Inc.*
|
|
$
|
11,142
|
|
|
|
73
|
|
|
Teledyne Technologies, Inc.*
|
|
|
4,548
|
|
|
|
160
|
|
|
Terex Corp.*
|
|
|
3,120
|
|
|
|
145
|
|
|
Tetra Tech, Inc.*
|
|
|
3,728
|
|
|
|
386
|
|
|
Textron, Inc.
|
|
|
10,055
|
|
|
|
138
|
|
|
Timken Co.
|
|
|
4,996
|
|
|
|
61
|
|
|
Toro Co./The
|
|
|
2,294
|
|
|
|
95
|
|
|
Towers Watson & Co., Class A
|
|
|
5,570
|
|
|
|
66
|
|
|
TransDigm Group, Inc.*
|
|
|
8,142
|
|
|
|
147
|
|
|
Trinity Industries, Inc.
|
|
|
4,116
|
|
|
|
71
|
|
|
Triumph Group, Inc.
|
|
|
4,440
|
|
|
|
645
|
|
|
Tyco International Ltd.
|
|
|
35,436
|
|
|
|
656
|
|
|
Union Pacific Corp.
|
|
|
80,432
|
|
|
|
463
|
|
|
United Continental Holdings, Inc.*
|
|
|
8,746
|
|
|
|
981
|
|
|
United Parcel Service, Inc., Class B
|
|
|
74,173
|
|
|
|
103
|
|
|
United Rentals, Inc.*
|
|
|
2,978
|
|
|
|
1,076
|
|
|
United Technologies Corp.
|
|
|
80,097
|
|
|
|
156
|
|
|
URS Corp.
|
|
|
5,471
|
|
|
|
229
|
|
|
US Airways Group, Inc.*
|
|
|
2,624
|
|
|
|
171
|
|
|
UTi Worldwide, Inc.
|
|
|
2,266
|
|
|
|
36
|
|
|
Valmont Industries, Inc.
|
|
|
4,460
|
|
|
|
197
|
|
|
Verisk Analytics, Inc., Class A*
|
|
|
9,899
|
|
|
|
81
|
|
|
W.W. Grainger, Inc.
|
|
|
16,591
|
|
|
|
97
|
|
|
WABCO Holdings, Inc.*
|
|
|
5,327
|
|
|
|
66
|
|
|
Wabtec Corp.
|
|
|
5,226
|
|
|
|
167
|
|
|
Waste Connections, Inc.
|
|
|
5,139
|
|
|
|
590
|
|
|
Waste Management, Inc.
|
|
|
20,296
|
|
|
|
50
|
|
|
Watsco, Inc.
|
|
|
3,397
|
|
|
|
78
|
|
|
WESCO International, Inc.*
|
|
|
4,345
|
|
|
|
108
|
|
|
Woodward, Inc.
|
|
|
3,626
|
|
|
|
254
|
|
|
Xylem, Inc.
|
|
|
6,091
|
|
|
|
|
|
|
|
|
|
2,090,084
|
|
|
|
|
|
|
Information Technology - 19.3%
|
|
|
|
|
|
|
62
|
|
|
3D Systems Corp.*
|
|
|
2,356
|
|
|
|
879
|
|
|
Accenture plc, Class A
|
|
|
53,004
|
|
|
|
89
|
|
|
ACI Worldwide, Inc.*
|
|
|
3,917
|
|
|
|
726
|
|
|
Activision Blizzard, Inc.
|
|
|
8,734
|
|
|
|
703
|
|
|
Adobe Systems, Inc.*
|
|
|
21,709
|
|
|
|
114
|
|
|
ADTRAN, Inc.
|
|
|
2,460
|
|
|
|
843
|
|
|
Advanced Micro Devices, Inc.*
|
|
|
3,423
|
|
|
|
238
|
|
|
Akamai Technologies, Inc.*
|
|
|
8,373
|
|
|
|
71
|
|
|
Alliance Data Systems Corp.*
|
|
|
9,230
|
|
|
|
456
|
|
|
Altera Corp.
|
|
|
16,165
|
|
|
|
268
|
|
|
Amdocs Ltd.*
|
|
|
7,973
|
|
|
|
221
|
|
|
Amphenol Corp., Class A
|
|
|
13,012
|
|
|
|
456
|
|
|
Analog Devices, Inc.
|
|
|
17,820
|
|
|
|
57
|
|
|
Anixter International, Inc.
|
|
|
3,244
|
|
|
|
142
|
|
|
ANSYS, Inc.*
|
|
|
8,514
|
|
|
|
131
|
|
|
AOL, Inc.*
|
|
|
4,174
|
|
|
|
1,256
|
|
|
Apple, Inc.*
|
|
|
767,115
|
|
|
|
1,833
|
|
|
Applied Materials, Inc.
|
|
|
19,961
|
|
|
|
128
|
|
|
Ariba, Inc.*
|
|
|
5,687
|
|
|
|
202
|
|
|
Arris Group, Inc.*
|
|
|
2,563
|
|
|
|
155
|
|
|
Arrow Electronics, Inc.*
|
|
|
5,231
|
|
|
|
164
|
|
|
Aruba Networks, Inc.*
|
|
|
2,326
|
|
|
|
153
|
|
|
Aspen Technology, Inc.*
|
|
|
3,577
|
|
|
|
783
|
|
|
Atmel Corp.*
|
|
|
4,588
|
|
|
|
341
|
|
|
Autodesk, Inc.*
|
|
|
11,567
|
|
|
|
683
|
|
|
Automatic Data Processing, Inc.
|
|
|
38,624
|
|
|
|
335
|
|
|
Avago Technologies Ltd.
|
|
|
12,395
|
|
|
|
224
|
|
|
Avnet, Inc.*
|
|
|
7,056
|
|
|
|
218
|
|
|
BMC Software, Inc.*
|
|
|
8,633
|
|
|
|
679
|
|
|
Broadcom Corp., Class A*
|
|
|
23,005
|
|
|
|
304
|
|
|
Broadridge Financial Solutions, Inc.
|
|
|
6,436
|
|
|
|
685
|
|
|
Brocade Communications Systems, Inc.*
|
|
|
3,404
|
|
|
|
523
|
|
|
CA, Inc.
|
|
|
12,589
|
|
|
|
45
|
|
|
CACI International, Inc., Class A*
|
|
|
2,540
|
|
|
|
447
|
|
|
Cadence Design Systems, Inc.*
|
|
|
5,462
|
|
|
|
240
|
|
|
Check Point Software Technologies Ltd.*
|
|
|
11,657
|
|
|
|
152
|
|
|
Ciena Corp.*
|
|
|
2,437
|
|
|
|
92
|
|
|
Cirrus Logic, Inc.*
|
|
|
3,383
|
|
|
|
7,344
|
|
|
Cisco Systems, Inc.
|
|
|
117,137
|
|
|
|
256
|
|
|
Citrix Systems, Inc.*
|
|
|
18,606
|
|
|
|
442
|
|
|
Cognizant Technology Solutions Corp., Class A*
|
|
|
25,092
|
|
|
|
66
|
|
|
CommVault Systems, Inc.*
|
|
|
3,202
|
|
|
|
242
|
|
|
Computer Sciences Corp.
|
|
|
5,958
|
|
|
|
328
|
|
|
Compuware Corp.*
|
|
|
3,021
|
|
|
|
72
|
|
|
Concur Technologies, Inc.*
|
|
|
4,863
|
|
|
|
201
|
|
|
Convergys Corp.
|
|
|
2,963
|
|
|
|
138
|
|
|
CoreLogic, Inc.*
|
|
|
3,174
|
|
|
|
2,078
|
|
|
Corning, Inc.
|
|
|
23,710
|
|
|
|
31
|
|
|
CoStar Group, Inc.*
|
|
|
2,558
|
|
|
|
180
|
|
|
Cree, Inc.*
|
|
|
4,311
|
|
|
|
54
|
|
|
Cymer, Inc.*
|
|
|
3,089
|
|
|
|
232
|
|
|
Cypress Semiconductor Corp.*
|
|
|
2,480
|
|
|
|
2,141
|
|
|
Dell, Inc.*
|
|
|
25,435
|
|
|
|
93
|
|
|
Diebold, Inc.
|
|
|
3,009
|
|
|
|
81
|
|
|
Dolby Laboratories, Inc., Class A*
|
|
|
2,855
|
|
|
|
62
|
|
|
DST Systems, Inc.
|
|
|
3,342
|
|
|
|
1,515
|
|
|
eBay, Inc.*
|
|
|
67,114
|
|
|
|
604
|
|
|
Electronic Arts, Inc.*
|
|
|
6,656
|
|
|
|
2,862
|
|
|
EMC Corp.*
|
|
|
75,013
|
|
|
|
66
|
|
|
Equinix, Inc.*
|
|
|
11,760
|
|
|
|
112
|
|
|
F5 Networks, Inc.*
|
|
|
10,459
|
|
|
|
74
|
|
|
FactSet Research Systems, Inc.
|
|
|
6,879
|
|
|
|
49
|
|
|
Fair Isaac Corp.
|
|
|
2,121
|
|
|
|
215
|
|
|
Fairchild Semiconductor International, Inc.*
|
|
|
2,980
|
|
|
|
50
|
|
|
FEI Co.
|
|
|
2,385
|
|
|
|
345
|
|
|
Fidelity National Information Services, Inc.
|
|
|
10,847
|
|
|
|
210
|
|
|
Fiserv, Inc.*
|
|
|
14,727
|
|
|
|
63
|
|
|
FleetCor Technologies, Inc.*
|
|
|
2,326
|
|
|
|
1,183
|
|
|
Flextronics International Ltd.*
|
|
|
7,583
|
|
|
|
254
|
|
|
FLIR Systems, Inc.
|
|
|
5,194
|
|
|
|
176
|
|
|
Fortinet, Inc.*
|
|
|
4,226
|
|
|
|
126
|
|
|
Gartner, Inc.*
|
|
|
5,593
|
|
|
|
209
|
|
|
Genpact Ltd.*
|
|
|
3,641
|
|
|
|
117
|
|
|
Global Payments, Inc.
|
|
|
5,010
|
|
|
|
352
|
|
|
Google, Inc., Class A*
|
|
|
222,805
|
|
|
|
188
|
|
|
Harris Corp.
|
|
|
7,830
|
|
|
|
2,691
|
|
|
Hewlett-Packard Co.
|
|
|
49,084
|
|
|
|
111
|
|
|
IAC/InterActiveCorp
|
|
|
5,840
|
|
|
|
157
|
|
|
Informatica Corp.*
|
|
|
4,633
|
|
|
|
273
|
|
|
Ingram Micro, Inc., Class A*
|
|
|
4,092
|
|
|
|
6,819
|
|
|
Intel Corp.
|
|
|
175,248
|
|
|
|
1,496
|
|
|
International Business Machines Corp.
|
|
|
293,186
|
|
|
|
391
|
|
|
Intuit, Inc.
|
|
|
22,686
|
|
|
|
62
|
|
|
Itron, Inc.*
|
|
|
2,416
|
|
|
|
294
|
|
|
Jabil Circuit, Inc.
|
|
|
6,380
|
|
|
|
145
|
|
|
Jack Henry & Associates, Inc.
|
|
|
5,036
|
|
|
|
351
|
|
|
JDS Uniphase Corp.*
|
|
|
3,454
|
|
|
|
772
|
|
|
Juniper Networks, Inc.*
|
|
|
13,533
|
|
|
|
238
|
|
|
KLA-Tencor Corp.
|
|
|
12,117
|
|
|
|
280
|
|
|
Lam Research Corp.*
|
|
|
9,635
|
|
|
|
124
|
|
|
Lender Processing Services, Inc.
|
|
|
3,059
|
|
|
|
136
|
|
|
Lexmark International, Inc., Class A
|
|
|
2,379
|
|
|
|
330
|
|
|
Linear Technology Corp.
|
|
|
10,643
|
|
|
|
84
|
|
|
LinkedIn Corp., Class A*
|
|
|
8,623
|
|
|
|
840
|
|
|
LSI Corp.*
|
|
|
5,796
|
|
|
|
764
|
|
|
Marvell Technology Group Ltd.
|
|
|
8,603
|
|
|
|
145
|
|
|
Mastercard, Inc., Class A
|
|
|
63,303
|
|
|
|
397
|
|
|
Maxim Integrated Products, Inc.
|
|
|
10,810
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
70
|
|
|
MAXIMUS, Inc.
|
|
$
|
3,535
|
|
|
|
160
|
|
|
Mentor Graphics Corp.*
|
|
|
2,445
|
|
|
|
279
|
|
|
Microchip Technology, Inc.
|
|
|
9,313
|
|
|
|
1,359
|
|
|
Micron Technology, Inc.*
|
|
|
8,439
|
|
|
|
114
|
|
|
MICROS Systems, Inc.*
|
|
|
5,442
|
|
|
|
188
|
|
|
Microsemi Corp.*
|
|
|
3,640
|
|
|
|
10,158
|
|
|
Microsoft Corp.
|
|
|
299,356
|
|
|
|
140
|
|
|
MKS Instruments, Inc.
|
|
|
3,696
|
|
|
|
105
|
|
|
Molex, Inc.
|
|
|
2,638
|
|
|
|
115
|
|
|
Molex, Inc., Class A
|
|
|
2,378
|
|
|
|
431
|
|
|
Motorola Solutions, Inc.
|
|
|
20,835
|
|
|
|
184
|
|
|
National Instruments Corp.
|
|
|
4,755
|
|
|
|
245
|
|
|
NCR Corp.*
|
|
|
5,713
|
|
|
|
519
|
|
|
NetApp, Inc.*
|
|
|
16,956
|
|
|
|
60
|
|
|
NetSuite, Inc.*
|
|
|
3,320
|
|
|
|
151
|
|
|
NeuStar, Inc., Class A*
|
|
|
5,347
|
|
|
|
358
|
|
|
Nuance Communications, Inc.*
|
|
|
7,285
|
|
|
|
900
|
|
|
NVIDIA Corp.*
|
|
|
12,186
|
|
|
|
697
|
|
|
ON Semiconductor Corp.*
|
|
|
4,837
|
|
|
|
5,200
|
|
|
Oracle Corp.
|
|
|
157,040
|
|
|
|
175
|
|
|
Parametric Technology Corp.*
|
|
|
3,770
|
|
|
|
466
|
|
|
Paychex, Inc.
|
|
|
15,234
|
|
|
|
112
|
|
|
Plantronics, Inc.
|
|
|
3,676
|
|
|
|
249
|
|
|
Polycom, Inc.*
|
|
|
2,176
|
|
|
|
2,328
|
|
|
QUALCOMM, Inc.
|
|
|
138,935
|
|
|
|
111
|
|
|
Quest Software, Inc.*
|
|
|
3,101
|
|
|
|
167
|
|
|
Rackspace Hosting, Inc.*
|
|
|
7,328
|
|
|
|
266
|
|
|
Red Hat, Inc.*
|
|
|
14,274
|
|
|
|
215
|
|
|
Riverbed Technology, Inc.*
|
|
|
3,793
|
|
|
|
159
|
|
|
Rovi Corp.*
|
|
|
2,127
|
|
|
|
589
|
|
|
SAIC, Inc.
|
|
|
6,815
|
|
|
|
172
|
|
|
Salesforce.com, Inc.*
|
|
|
21,390
|
|
|
|
334
|
|
|
SanDisk Corp.*
|
|
|
13,737
|
|
|
|
531
|
|
|
Seagate Technology plc
|
|
|
15,941
|
|
|
|
147
|
|
|
Semtech Corp.*
|
|
|
3,512
|
|
|
|
79
|
|
|
Silicon Laboratories, Inc.*
|
|
|
2,919
|
|
|
|
261
|
|
|
Skyworks Solutions, Inc.*
|
|
|
7,551
|
|
|
|
85
|
|
|
SolarWinds, Inc.*
|
|
|
4,538
|
|
|
|
125
|
|
|
Solera Holdings, Inc.
|
|
|
4,881
|
|
|
|
1,046
|
|
|
Symantec Corp.*
|
|
|
16,475
|
|
|
|
232
|
|
|
Synopsys, Inc.*
|
|
|
7,027
|
|
|
|
601
|
|
|
TE Connectivity Ltd.
|
|
|
19,839
|
|
|
|
83
|
|
|
Tech Data Corp.*
|
|
|
4,158
|
|
|
|
223
|
|
|
Teradata Corp.*
|
|
|
15,079
|
|
|
|
298
|
|
|
Teradyne, Inc.*
|
|
|
4,384
|
|
|
|
1,577
|
|
|
Texas Instruments, Inc.
|
|
|
42,957
|
|
|
|
235
|
|
|
TIBCO Software, Inc.*
|
|
|
6,601
|
|
|
|
290
|
|
|
Total System Services, Inc.
|
|
|
6,858
|
|
|
|
191
|
|
|
Trimble Navigation Ltd.*
|
|
|
8,454
|
|
|
|
39
|
|
|
Ultimate Software Group, Inc.*
|
|
|
3,489
|
|
|
|
179
|
|
|
VeriFone Systems, Inc.*
|
|
|
6,496
|
|
|
|
208
|
|
|
VeriSign, Inc.*
|
|
|
9,239
|
|
|
|
100
|
|
|
ViaSat, Inc.*
|
|
|
3,830
|
|
|
|
65
|
|
|
VirnetX Holding Corp.*
|
|
|
1,538
|
|
|
|
715
|
|
|
Visa, Inc., Class A
|
|
|
92,285
|
|
|
|
116
|
|
|
VMware, Inc., Class A*
|
|
|
10,528
|
|
|
|
329
|
|
|
Western Digital Corp.*
|
|
|
13,084
|
|
|
|
884
|
|
|
Western Union Co./The
|
|
|
15,408
|
|
|
|
75
|
|
|
Wright Express Corp.*
|
|
|
4,828
|
|
|
|
1,818
|
|
|
Xerox Corp.
|
|
|
12,599
|
|
|
|
393
|
|
|
Xilinx, Inc.
|
|
|
12,733
|
|
|
|
1,566
|
|
|
Yahoo!, Inc.*
|
|
|
24,805
|
|
|
|
130
|
|
|
Zebra Technologies Corp., Class A*
|
|
|
4,490
|
|
|
|
|
|
|
|
|
|
3,796,892
|
|
|
|
|
|
|
Materials - 3.7%
|
|
|
|
|
|
|
288
|
|
|
Air Products & Chemicals, Inc.
|
|
|
23,164
|
|
|
|
79
|
|
|
Airgas, Inc.
|
|
|
6,266
|
|
|
|
135
|
|
|
Albemarle Corp.
|
|
|
7,860
|
|
|
|
1,612
|
|
|
Alcoa, Inc.
|
|
|
13,654
|
|
|
|
163
|
|
|
Allegheny Technologies, Inc.
|
|
|
4,895
|
|
|
|
136
|
|
|
Allied Nevada Gold Corp.*
|
|
|
3,516
|
|
|
|
93
|
|
|
Aptargroup, Inc.
|
|
|
4,651
|
|
|
|
104
|
|
|
Ashland, Inc.
|
|
|
7,320
|
|
|
|
205
|
|
|
Ball Corp.
|
|
|
8,520
|
|
|
|
104
|
|
|
Bemis Co., Inc.
|
|
|
3,198
|
|
|
|
125
|
|
|
Cabot Corp.
|
|
|
4,875
|
|
|
|
76
|
|
|
Carpenter Technology Corp.
|
|
|
3,637
|
|
|
|
214
|
|
|
Celanese Corp.
|
|
|
8,160
|
|
|
|
92
|
|
|
CF Industries Holdings, Inc.
|
|
|
18,010
|
|
|
|
202
|
|
|
Cliffs Natural Resources, Inc.
|
|
|
8,260
|
|
|
|
165
|
|
|
Coeur d'Alene Mines Corp.*
|
|
|
2,691
|
|
|
|
205
|
|
|
Commercial Metals Co.
|
|
|
2,642
|
|
|
|
63
|
|
|
Compass Minerals International, Inc.
|
|
|
4,557
|
|
|
|
183
|
|
|
Crown Holdings, Inc.*
|
|
|
6,570
|
|
|
|
66
|
|
|
Cytec Industries, Inc.
|
|
|
4,063
|
|
|
|
51
|
|
|
Domtar Corp.
|
|
|
3,767
|
|
|
|
1,603
|
|
|
Dow Chemical Co./The
|
|
|
46,134
|
|
|
|
1,279
|
|
|
E.I. du Pont de Nemours & Co.
|
|
|
63,566
|
|
|
|
102
|
|
|
Eagle Materials, Inc.
|
|
|
3,544
|
|
|
|
227
|
|
|
Eastman Chemical Co.
|
|
|
11,859
|
|
|
|
370
|
|
|
Ecolab, Inc.
|
|
|
24,216
|
|
|
|
186
|
|
|
FMC Corp.
|
|
|
10,174
|
|
|
|
1,293
|
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
43,535
|
|
|
|
96
|
|
|
H.B. Fuller Co.
|
|
|
2,805
|
|
|
|
358
|
|
|
Huntsman Corp.
|
|
|
4,529
|
|
|
|
117
|
|
|
International Flavors & Fragrances, Inc.
|
|
|
6,522
|
|
|
|
532
|
|
|
International Paper Co.
|
|
|
17,455
|
|
|
|
220
|
|
|
Louisiana-Pacific Corp.*
|
|
|
2,270
|
|
|
|
73
|
|
|
Martin Marietta Materials, Inc.
|
|
|
5,485
|
|
|
|
253
|
|
|
MeadWestvaco Corp.
|
|
|
7,185
|
|
|
|
734
|
|
|
Monsanto Co.
|
|
|
62,845
|
|
|
|
425
|
|
|
Mosaic Co./The
|
|
|
24,697
|
|
|
|
16
|
|
|
NewMarket Corp.
|
|
|
3,678
|
|
|
|
696
|
|
|
Newmont Mining Corp.
|
|
|
30,951
|
|
|
|
453
|
|
|
Nucor Corp.
|
|
|
17,758
|
|
|
|
152
|
|
|
Olin Corp.
|
|
|
3,076
|
|
|
|
257
|
|
|
Owens-Illinois, Inc.*
|
|
|
4,742
|
|
|
|
135
|
|
|
Packaging Corp. of America
|
|
|
4,157
|
|
|
|
216
|
|
|
PPG Industries, Inc.
|
|
|
23,643
|
|
|
|
410
|
|
|
Praxair, Inc.
|
|
|
42,542
|
|
|
|
122
|
|
|
Reliance Steel & Aluminum Co.
|
|
|
6,281
|
|
|
|
97
|
|
|
Rock-Tenn Co., Class A
|
|
|
5,647
|
|
|
|
103
|
|
|
Rockwood Holdings, Inc.
|
|
|
4,555
|
|
|
|
89
|
|
|
Royal Gold, Inc.
|
|
|
6,735
|
|
|
|
211
|
|
|
RPM International, Inc.
|
|
|
5,591
|
|
|
|
89
|
|
|
Scotts Miracle-Gro Co./The, Class A
|
|
|
3,551
|
|
|
|
238
|
|
|
Sealed Air Corp.
|
|
|
3,856
|
|
|
|
165
|
|
|
Sensient Technologies Corp.
|
|
|
5,849
|
|
|
|
119
|
|
|
Sherwin-Williams Co./The
|
|
|
15,988
|
|
|
|
158
|
|
|
Sigma-Aldrich Corp.
|
|
|
10,934
|
|
|
|
56
|
|
|
Silgan Holdings, Inc.
|
|
|
2,308
|
|
|
|
126
|
|
|
Sonoco Products Co.
|
|
|
3,819
|
|
|
|
352
|
|
|
Steel Dynamics, Inc.
|
|
|
4,537
|
|
|
|
224
|
|
|
United States Steel Corp.
|
|
|
4,626
|
|
|
|
104
|
|
|
Valspar Corp.
|
|
|
5,221
|
|
|
|
170
|
|
|
Vulcan Materials Co.
|
|
|
6,586
|
|
|
|
103
|
|
|
W.R. Grace & Co.*
|
|
|
5,772
|
|
|
|
86
|
|
|
Walter Energy, Inc.
|
|
|
2,950
|
|
|
|
|
|
|
|
|
|
722,450
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar US Market Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Telecommunication Services - 3.0%
|
|
|
|
|
|
|
7,927
|
|
|
AT&T, Inc.
|
|
$
|
300,592
|
|
|
|
842
|
|
|
CenturyLink, Inc.
|
|
|
34,977
|
|
|
|
358
|
|
|
Crown Castle International Corp.*
|
|
|
22,153
|
|
|
|
988
|
|
|
Frontier Communications Corp.
|
|
|
3,873
|
|
|
|
235
|
|
|
Level 3 Communications, Inc.*
|
|
|
4,529
|
|
|
|
494
|
|
|
MetroPCS Communications, Inc.*
|
|
|
4,327
|
|
|
|
247
|
|
|
NII Holdings, Inc.*
|
|
|
1,667
|
|
|
|
181
|
|
|
SBA Communications Corp., Class A*
|
|
|
10,690
|
|
|
|
4,090
|
|
|
Sprint Nextel Corp.*
|
|
|
17,832
|
|
|
|
157
|
|
|
Telephone & Data Systems, Inc.
|
|
|
3,804
|
|
|
|
208
|
|
|
tw telecom, inc.*
|
|
|
5,227
|
|
|
|
3,823
|
|
|
Verizon Communications, Inc.
|
|
|
172,570
|
|
|
|
663
|
|
|
Windstream Corp.
|
|
|
6,604
|
|
|
|
|
|
|
|
|
|
588,845
|
|
|
|
|
|
|
Utilities - 3.9%
|
|
|
|
|
|
|
911
|
|
|
AES Corp./The*
|
|
|
10,987
|
|
|
|
181
|
|
|
AGL Resources, Inc.
|
|
|
7,330
|
|
|
|
149
|
|
|
Alliant Energy Corp.
|
|
|
6,960
|
|
|
|
333
|
|
|
Ameren Corp.
|
|
|
11,392
|
|
|
|
628
|
|
|
American Electric Power Co., Inc.
|
|
|
26,527
|
|
|
|
276
|
|
|
American Water Works Co., Inc.
|
|
|
10,005
|
|
|
|
294
|
|
|
Aqua America, Inc.
|
|
|
7,538
|
|
|
|
155
|
|
|
Atmos Energy Corp.
|
|
|
5,557
|
|
|
|
139
|
|
|
Avista Corp.
|
|
|
3,847
|
|
|
|
489
|
|
|
Calpine Corp.*
|
|
|
8,357
|
|
|
|
514
|
|
|
CenterPoint Energy, Inc.
|
|
|
10,825
|
|
|
|
105
|
|
|
Cleco Corp.
|
|
|
4,595
|
|
|
|
303
|
|
|
CMS Energy Corp.
|
|
|
7,472
|
|
|
|
358
|
|
|
Consolidated Edison, Inc.
|
|
|
23,091
|
|
|
|
747
|
|
|
Dominion Resources, Inc.
|
|
|
40,570
|
|
|
|
223
|
|
|
DTE Energy Co.
|
|
|
13,685
|
|
|
|
914
|
|
|
Duke Energy Corp.
|
|
|
61,971
|
|
|
|
386
|
|
|
Edison International
|
|
|
17,825
|
|
|
|
231
|
|
|
Entergy Corp.
|
|
|
16,787
|
|
|
|
1,172
|
|
|
Exelon Corp.
|
|
|
45,849
|
|
|
|
572
|
|
|
FirstEnergy Corp.
|
|
|
28,726
|
|
|
|
203
|
|
|
Great Plains Energy, Inc.
|
|
|
4,503
|
|
|
|
125
|
|
|
Hawaiian Electric Industries, Inc.
|
|
|
3,561
|
|
|
|
126
|
|
|
IDACORP, Inc.
|
|
|
5,317
|
|
|
|
100
|
|
|
Integrys Energy Group, Inc.
|
|
|
6,054
|
|
|
|
79
|
|
|
ITC Holdings Corp.
|
|
|
5,861
|
|
|
|
348
|
|
|
MDU Resources Group, Inc.
|
|
|
7,792
|
|
|
|
116
|
|
|
National Fuel Gas Co.
|
|
|
5,677
|
|
|
|
112
|
|
|
New Jersey Resources Corp.
|
|
|
5,141
|
|
|
|
575
|
|
|
NextEra Energy, Inc.
|
|
|
40,767
|
|
|
|
356
|
|
|
NiSource, Inc.
|
|
|
9,110
|
|
|
|
412
|
|
|
Northeast Utilities
|
|
|
16,431
|
|
|
|
390
|
|
|
NRG Energy, Inc.
|
|
|
7,730
|
|
|
|
351
|
|
|
NV Energy, Inc.
|
|
|
6,420
|
|
|
|
119
|
|
|
OGE Energy Corp.
|
|
|
6,320
|
|
|
|
267
|
|
|
ONEOK, Inc.
|
|
|
11,884
|
|
|
|
374
|
|
|
Pepco Holdings, Inc.
|
|
|
7,465
|
|
|
|
569
|
|
|
PG&E Corp.
|
|
|
26,265
|
|
|
|
227
|
|
|
Piedmont Natural Gas Co., Inc.
|
|
|
7,214
|
|
|
|
144
|
|
|
Pinnacle West Capital Corp.
|
|
|
7,710
|
|
|
|
72
|
|
|
Portland General Electric Co.
|
|
|
1,961
|
|
|
|
777
|
|
|
PPL Corp.
|
|
|
22,455
|
|
|
|
680
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
22,603
|
|
|
|
317
|
|
|
Questar Corp.
|
|
|
6,451
|
|
|
|
190
|
|
|
SCANA Corp.
|
|
|
9,342
|
|
|
|
298
|
|
|
Sempra Energy
|
|
|
20,982
|
|
|
|
123
|
|
|
South Jersey Industries, Inc.
|
|
|
6,502
|
|
|
|
1,124
|
|
|
Southern Co./The
|
|
|
54,121
|
|
|
|
85
|
|
|
Southwest Gas Corp.
|
|
|
3,796
|
|
|
|
308
|
|
|
TECO Energy, Inc.
|
|
|
5,602
|
|
|
|
178
|
|
|
UGI Corp.
|
|
|
5,456
|
|
|
|
102
|
|
|
UIL Holdings Corp.
|
|
|
3,778
|
|
|
|
122
|
|
|
UNS Energy Corp.
|
|
|
4,965
|
|
|
|
161
|
|
|
Vectren Corp.
|
|
|
4,806
|
|
|
|
101
|
|
|
Westar Energy, Inc.
|
|
|
3,087
|
|
|
|
110
|
|
|
WGL Holdings, Inc.
|
|
|
4,449
|
|
|
|
307
|
|
|
Wisconsin Energy Corp.
|
|
|
12,507
|
|
|
|
635
|
|
|
Xcel Energy, Inc.
|
|
|
18,605
|
|
|
|
|
|
|
|
|
|
772,586
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $18,382,850)
|
|
|
19,711,257
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $18,382,850) — 100.0%
|
|
|
19,711,257
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(2,665
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
19,708,592
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
|
Aggregate gross unrealized appreciation
|
|
$
|
1,968,492
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(723,204
|
)
|
|
Net unrealized appreciation
|
|
$
|
1,245,288
|
|
|
Federal income tax cost of investments
|
|
$
|
18,465,969
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Large Cap Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks -
100.0%
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 10.9%
|
|
|
|
|
|
|
307
|
|
|
Amazon.com, Inc.*
|
|
$
|
71,623
|
|
|
|
26
|
|
|
AutoZone, Inc.*
|
|
|
9,756
|
|
|
|
204
|
|
|
Bed Bath & Beyond, Inc.*
|
|
|
12,434
|
|
|
|
350
|
|
|
Carnival Corp.
|
|
|
11,648
|
|
|
|
528
|
|
|
CBS Corp., Class B
|
|
|
17,667
|
|
|
|
28
|
|
|
Chipotle Mexican Grill, Inc.*
|
|
|
8,185
|
|
|
|
252
|
|
|
Coach, Inc.
|
|
|
12,431
|
|
|
|
1,822
|
|
|
Comcast Corp., Class A
|
|
|
59,306
|
|
|
|
503
|
|
|
Comcast Corp., Special, Class A
|
|
|
16,061
|
|
|
|
571
|
|
|
DIRECTV, Class A*
|
|
|
28,356
|
|
|
|
127
|
|
|
Discovery Communications, Inc., Class A*
|
|
|
6,430
|
|
|
|
89
|
|
|
Discovery Communications, Inc., Class C*
|
|
|
4,149
|
|
|
|
181
|
|
|
DISH Network Corp., Class A
|
|
|
5,568
|
|
|
|
191
|
|
|
Dollar General Corp.*
|
|
|
9,743
|
|
|
|
3,250
|
|
|
Ford Motor Co.
|
|
|
30,030
|
|
|
|
298
|
|
|
Gap, Inc./The
|
|
|
8,788
|
|
|
|
504
|
|
|
General Motors Co.*
|
|
|
9,934
|
|
|
|
1,344
|
|
|
Home Depot, Inc./The
|
|
|
70,130
|
|
|
|
593
|
|
|
Johnson Controls, Inc.
|
|
|
14,618
|
|
|
|
197
|
|
|
Kohl's Corp.
|
|
|
9,795
|
|
|
|
343
|
|
|
Las Vegas Sands Corp.
|
|
|
12,492
|
|
|
|
102
|
|
|
Liberty Global, Inc.*
|
|
|
5,084
|
|
|
|
119
|
|
|
Liberty Global, Inc., Class A*
|
|
|
6,281
|
|
|
|
1,045
|
|
|
Lowe's Cos., Inc.
|
|
|
26,512
|
|
|
|
218
|
|
|
Ltd. Brands, Inc.
|
|
|
10,366
|
|
|
|
366
|
|
|
Macy's, Inc.
|
|
|
13,117
|
|
|
|
252
|
|
|
Marriott International, Inc., Class A
|
|
|
9,178
|
|
|
|
886
|
|
|
McDonald's Corp.
|
|
|
79,173
|
|
|
|
243
|
|
|
McGraw-Hill Cos., Inc./The
|
|
|
11,411
|
|
|
|
1,461
|
|
|
News Corp., Class A
|
|
|
33,632
|
|
|
|
381
|
|
|
News Corp., Class B
|
|
|
8,835
|
|
|
|
321
|
|
|
NIKE, Inc., Class B
|
|
|
29,965
|
|
|
|
238
|
|
|
Omnicom Group, Inc.
|
|
|
11,943
|
|
|
|
111
|
|
|
O'Reilly Automotive, Inc.*
|
|
|
9,517
|
|
|
|
43
|
|
|
priceline.com, Inc.*
|
|
|
28,455
|
|
|
|
54
|
|
|
Ralph Lauren Corp.
|
|
|
7,794
|
|
|
|
198
|
|
|
Ross Stores, Inc.
|
|
|
13,155
|
|
|
|
661
|
|
|
Starbucks Corp.
|
|
|
29,930
|
|
|
|
522
|
|
|
Target Corp.
|
|
|
31,659
|
|
|
|
272
|
|
|
Time Warner Cable, Inc.
|
|
|
23,101
|
|
|
|
837
|
|
|
Time Warner, Inc.
|
|
|
32,743
|
|
|
|
647
|
|
|
TJX Cos., Inc.
|
|
|
28,649
|
|
|
|
77
|
|
|
VF Corp.
|
|
|
11,496
|
|
|
|
9
|
|
|
Viacom, Inc., Class A
|
|
|
440
|
|
|
|
427
|
|
|
Viacom, Inc., Class B
|
|
|
19,945
|
|
|
|
1,452
|
|
|
Walt Disney Co./The
|
|
|
71,351
|
|
|
|
70
|
|
|
Wynn Resorts Ltd.
|
|
|
6,563
|
|
|
|
402
|
|
|
Yum! Brands, Inc.
|
|
|
26,066
|
|
|
|
|
|
|
|
|
|
1,015,505
|
|
|
|
|
|
|
Consumer Staples - 12.0%
|
|
|
|
|
|
|
1,784
|
|
|
Altria Group, Inc.
|
|
|
64,171
|
|
|
|
526
|
|
|
Archer-Daniels-Midland Co.
|
|
|
13,723
|
|
|
|
1,821
|
|
|
Coca-Cola Co./The
|
|
|
147,137
|
|
|
|
383
|
|
|
Colgate-Palmolive Co.
|
|
|
41,119
|
|
|
|
378
|
|
|
Costco Wholesale Corp.
|
|
|
36,356
|
|
|
|
1,117
|
|
|
CVS Caremark Corp.
|
|
|
50,544
|
|
|
|
203
|
|
|
Estee Lauder Cos., Inc./The, Class A
|
|
|
10,633
|
|
|
|
528
|
|
|
General Mills, Inc.
|
|
|
20,434
|
|
|
|
281
|
|
|
H.J. Heinz Co.
|
|
|
15,514
|
|
|
|
133
|
|
|
Hershey Co./The
|
|
|
9,541
|
|
|
|
212
|
|
|
Kellogg Co.
|
|
|
10,112
|
|
|
|
343
|
|
|
Kimberly-Clark Corp.
|
|
|
29,810
|
|
|
|
1,540
|
|
|
Kraft Foods, Inc., Class A
|
|
|
61,153
|
|
|
|
457
|
|
|
Kroger Co./The
|
|
|
10,132
|
|
|
|
114
|
|
|
Lorillard, Inc.
|
|
|
14,665
|
|
|
|
178
|
|
|
Mead Johnson Nutrition Co.
|
|
|
12,987
|
|
|
|
1,363
|
|
|
PepsiCo, Inc.
|
|
|
99,131
|
|
|
|
1,501
|
|
|
Philip Morris International, Inc.
|
|
|
137,251
|
|
|
|
2,396
|
|
|
Procter & Gamble Co./The
|
|
|
154,638
|
|
|
|
289
|
|
|
Reynolds American, Inc.
|
|
|
13,372
|
|
|
|
516
|
|
|
Sysco Corp.
|
|
|
15,165
|
|
|
|
752
|
|
|
Walgreen Co.
|
|
|
27,343
|
|
|
|
1,523
|
|
|
Wal-Mart Stores, Inc.
|
|
|
113,357
|
|
|
|
142
|
|
|
Whole Foods Market, Inc.
|
|
|
13,033
|
|
|
|
|
|
|
|
|
|
1,121,321
|
|
|
|
|
|
|
Energy - 11.7%
|
|
|
|
|
|
|
434
|
|
|
Anadarko Petroleum Corp.
|
|
|
30,137
|
|
|
|
341
|
|
|
Apache Corp.
|
|
|
29,367
|
|
|
|
379
|
|
|
Baker Hughes, Inc.
|
|
|
17,555
|
|
|
|
215
|
|
|
Cameron International Corp.*
|
|
|
10,808
|
|
|
|
575
|
|
|
Chesapeake Energy Corp.
|
|
|
10,822
|
|
|
|
1,720
|
|
|
Chevron Corp.
|
|
|
188,478
|
|
|
|
1,103
|
|
|
ConocoPhillips
|
|
|
60,047
|
|
|
|
50
|
|
|
Continental Resources, Inc.*
|
|
|
3,200
|
|
|
|
332
|
|
|
Devon Energy Corp.
|
|
|
19,628
|
|
|
|
234
|
|
|
EOG Resources, Inc.
|
|
|
22,934
|
|
|
|
4,077
|
|
|
Exxon Mobil Corp.
|
|
|
354,087
|
|
|
|
802
|
|
|
Halliburton Co.
|
|
|
26,570
|
|
|
|
270
|
|
|
Hess Corp.
|
|
|
12,733
|
|
|
|
483
|
|
|
Kinder Morgan, Inc.
|
|
|
17,296
|
|
|
|
621
|
|
|
Marathon Oil Corp.
|
|
|
16,438
|
|
|
|
297
|
|
|
Marathon Petroleum Corp.
|
|
|
14,048
|
|
|
|
369
|
|
|
National Oilwell Varco, Inc.
|
|
|
26,679
|
|
|
|
156
|
|
|
Noble Energy, Inc.
|
|
|
13,639
|
|
|
|
706
|
|
|
Occidental Petroleum Corp.
|
|
|
61,443
|
|
|
|
539
|
|
|
Phillips 66
|
|
|
20,266
|
|
|
|
106
|
|
|
Pioneer Natural Resources Co.
|
|
|
9,395
|
|
|
|
1,164
|
|
|
Schlumberger Ltd.
|
|
|
82,947
|
|
|
|
565
|
|
|
Spectra Energy Corp.
|
|
|
17,340
|
|
|
|
484
|
|
|
Valero Energy Corp.
|
|
|
13,310
|
|
|
|
546
|
|
|
Williams Cos., Inc./The
|
|
|
17,357
|
|
|
|
|
|
|
|
|
|
1,096,524
|
|
|
|
|
|
|
Financials - 13.6%
|
|
|
|
|
|
|
295
|
|
|
ACE Ltd.
|
|
|
21,682
|
|
|
|
411
|
|
|
Aflac, Inc.
|
|
|
17,994
|
|
|
|
403
|
|
|
Allstate Corp./The
|
|
|
13,823
|
|
|
|
898
|
|
|
American Express Co.
|
|
|
51,824
|
|
|
|
626
|
|
|
American International Group, Inc.*
|
|
|
19,575
|
|
|
|
343
|
|
|
American Tower Corp. (REIT)
|
|
|
24,802
|
|
|
|
845
|
|
|
Annaly Capital Management, Inc. (REIT)
|
|
|
14,728
|
|
|
|
282
|
|
|
Aon plc
|
|
|
13,874
|
|
|
|
83
|
|
|
AvalonBay Communities, Inc. (REIT)
|
|
|
12,208
|
|
|
|
9,358
|
|
|
Bank of America Corp.
|
|
|
68,688
|
|
|
|
1,050
|
|
|
Bank of New York Mellon Corp./The
|
|
|
22,344
|
|
|
|
603
|
|
|
BB&T Corp.
|
|
|
18,916
|
|
|
|
851
|
|
|
Berkshire Hathaway, Inc., Class B*
|
|
|
72,199
|
|
|
|
89
|
|
|
BlackRock, Inc.
|
|
|
15,153
|
|
|
|
130
|
|
|
Boston Properties, Inc. (REIT)
|
|
|
14,417
|
|
|
|
506
|
|
|
Capital One Financial Corp.
|
|
|
28,584
|
|
|
|
898
|
|
|
Charles Schwab Corp./The
|
|
|
11,342
|
|
|
|
236
|
|
|
Chubb Corp./The
|
|
|
17,155
|
|
|
|
2,554
|
|
|
Citigroup, Inc.
|
|
|
69,290
|
|
|
|
278
|
|
|
CME Group, Inc.
|
|
|
14,487
|
|
|
|
462
|
|
|
Discover Financial Services
|
|
|
16,614
|
|
|
|
262
|
|
|
Equity Residential (REIT)
|
|
|
16,587
|
|
|
|
801
|
|
|
Fifth Third Bancorp
|
|
|
11,070
|
|
|
|
127
|
|
|
Franklin Resources, Inc.
|
|
|
14,599
|
|
|
|
335
|
|
|
General Growth Properties, Inc. (REIT)
|
|
|
6,070
|
|
|
|
364
|
|
|
Goldman Sachs Group, Inc./The
|
|
|
36,728
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Large Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
366
|
|
|
HCP, Inc. (REIT)
|
|
$
|
17,279
|
|
|
|
3,313
|
|
|
JPMorgan Chase & Co.
|
|
|
119,268
|
|
|
|
301
|
|
|
Loews Corp.
|
|
|
11,917
|
|
|
|
472
|
|
|
Marsh & McLennan Cos., Inc.
|
|
|
15,675
|
|
|
|
718
|
|
|
MetLife, Inc.
|
|
|
22,093
|
|
|
|
1,190
|
|
|
Morgan Stanley
|
|
|
16,255
|
|
|
|
459
|
|
|
PNC Financial Services Group, Inc.
|
|
|
27,127
|
|
|
|
499
|
|
|
Progressive Corp./The
|
|
|
9,850
|
|
|
|
400
|
|
|
Prologis, Inc. (REIT)
|
|
|
12,932
|
|
|
|
421
|
|
|
Prudential Financial, Inc.
|
|
|
20,326
|
|
|
|
123
|
|
|
Public Storage (REIT)
|
|
|
18,321
|
|
|
|
255
|
|
|
Simon Property Group, Inc. (REIT)
|
|
|
40,925
|
|
|
|
429
|
|
|
State Street Corp.
|
|
|
17,323
|
|
|
|
469
|
|
|
SunTrust Banks, Inc.
|
|
|
11,092
|
|
|
|
220
|
|
|
T. Rowe Price Group, Inc.
|
|
|
13,365
|
|
|
|
343
|
|
|
Travelers Cos., Inc./The
|
|
|
21,489
|
|
|
|
1,667
|
|
|
U.S. Bancorp
|
|
|
55,844
|
|
|
|
251
|
|
|
Ventas, Inc. (REIT)
|
|
|
16,880
|
|
|
|
161
|
|
|
Vornado Realty Trust (REIT)
|
|
|
13,443
|
|
|
|
4,345
|
|
|
Wells Fargo & Co.
|
|
|
146,904
|
|
|
|
|
|
|
|
|
|
1,273,061
|
|
|
|
|
|
|
Health Care - 12.3%
|
|
|
|
|
|
|
1,371
|
|
|
Abbott Laboratories
|
|
|
90,911
|
|
|
|
303
|
|
|
Aetna, Inc.
|
|
|
10,926
|
|
|
|
301
|
|
|
Agilent Technologies, Inc.
|
|
|
11,525
|
|
|
|
167
|
|
|
Alexion Pharmaceuticals, Inc.*
|
|
|
17,510
|
|
|
|
268
|
|
|
Allergan, Inc.
|
|
|
21,995
|
|
|
|
678
|
|
|
Amgen, Inc.
|
|
|
56,003
|
|
|
|
480
|
|
|
Baxter International, Inc.
|
|
|
28,085
|
|
|
|
166
|
|
|
Becton Dickinson and Co.
|
|
|
12,568
|
|
|
|
211
|
|
|
Biogen Idec, Inc.*
|
|
|
30,770
|
|
|
|
1,473
|
|
|
Bristol-Myers Squibb Co.
|
|
|
52,439
|
|
|
|
300
|
|
|
Cardinal Health, Inc.
|
|
|
12,927
|
|
|
|
383
|
|
|
Celgene Corp.*
|
|
|
26,220
|
|
|
|
126
|
|
|
Cerner Corp.*
|
|
|
9,314
|
|
|
|
249
|
|
|
Cigna Corp.
|
|
|
10,030
|
|
|
|
421
|
|
|
Covidien plc
|
|
|
23,525
|
|
|
|
856
|
|
|
Eli Lilly & Co.
|
|
|
37,690
|
|
|
|
698
|
|
|
Express Scripts Holding Co.*
|
|
|
40,442
|
|
|
|
655
|
|
|
Gilead Sciences, Inc.*
|
|
|
35,586
|
|
|
|
143
|
|
|
Humana, Inc.
|
|
|
8,809
|
|
|
|
34
|
|
|
Intuitive Surgical, Inc.*
|
|
|
16,371
|
|
|
|
2,385
|
|
|
Johnson & Johnson
|
|
|
165,090
|
|
|
|
205
|
|
|
McKesson Corp.
|
|
|
18,600
|
|
|
|
907
|
|
|
Medtronic, Inc.
|
|
|
35,754
|
|
|
|
2,652
|
|
|
Merck & Co., Inc.
|
|
|
117,139
|
|
|
|
6,529
|
|
|
Pfizer, Inc.
|
|
|
156,957
|
|
|
|
273
|
|
|
St. Jude Medical, Inc.
|
|
|
10,199
|
|
|
|
256
|
|
|
Stryker Corp.
|
|
|
13,320
|
|
|
|
320
|
|
|
Thermo Fisher Scientific, Inc.
|
|
|
17,814
|
|
|
|
905
|
|
|
UnitedHealth Group, Inc.
|
|
|
46,236
|
|
|
|
290
|
|
|
WellPoint, Inc.
|
|
|
15,454
|
|
|
|
|
|
|
|
|
|
1,150,209
|
|
|
|
|
|
|
Industrials - 9.5%
|
|
|
|
|
|
|
560
|
|
|
3M Co.
|
|
|
51,089
|
|
|
|
577
|
|
|
Boeing Co./The
|
|
|
42,646
|
|
|
|
510
|
|
|
Caterpillar, Inc.
|
|
|
42,947
|
|
|
|
906
|
|
|
CSX Corp.
|
|
|
20,784
|
|
|
|
150
|
|
|
Cummins, Inc.
|
|
|
14,385
|
|
|
|
501
|
|
|
Danaher Corp.
|
|
|
26,458
|
|
|
|
350
|
|
|
Deere & Co.
|
|
|
26,887
|
|
|
|
291
|
|
|
Eaton Corp.
|
|
|
12,757
|
|
|
|
641
|
|
|
Emerson Electric Co.
|
|
|
30,620
|
|
|
|
257
|
|
|
Fastenal Co.
|
|
|
11,082
|
|
|
|
256
|
|
|
FedEx Corp.
|
|
|
23,117
|
|
|
|
263
|
|
|
General Dynamics Corp.
|
|
|
16,685
|
|
|
|
9,205
|
|
|
General Electric Co.
|
|
|
191,004
|
|
|
|
622
|
|
|
Honeywell International, Inc.
|
|
|
36,107
|
|
|
|
362
|
|
|
Illinois Tool Works, Inc.
|
|
|
19,671
|
|
|
|
260
|
|
|
Ingersoll-Rand plc
|
|
|
11,027
|
|
|
|
225
|
|
|
Lockheed Martin Corp.
|
|
|
20,086
|
|
|
|
284
|
|
|
Norfolk Southern Corp.
|
|
|
21,030
|
|
|
|
204
|
|
|
Northrop Grumman Corp.
|
|
|
13,505
|
|
|
|
312
|
|
|
PACCAR, Inc.
|
|
|
12,483
|
|
|
|
132
|
|
|
Parker Hannifin Corp.
|
|
|
10,602
|
|
|
|
125
|
|
|
Precision Castparts Corp.
|
|
|
19,445
|
|
|
|
290
|
|
|
Raytheon Co.
|
|
|
16,089
|
|
|
|
403
|
|
|
Tyco International Ltd.
|
|
|
22,141
|
|
|
|
415
|
|
|
Union Pacific Corp.
|
|
|
50,883
|
|
|
|
630
|
|
|
United Parcel Service, Inc., Class B
|
|
|
47,634
|
|
|
|
689
|
|
|
United Technologies Corp.
|
|
|
51,289
|
|
|
|
51
|
|
|
W.W. Grainger, Inc.
|
|
|
10,446
|
|
|
|
377
|
|
|
Waste Management, Inc.
|
|
|
12,969
|
|
|
|
|
|
|
|
|
|
885,868
|
|
|
|
|
|
|
Information Technology - 20.3%
|
|
|
|
|
|
|
559
|
|
|
Accenture plc, Class A
|
|
|
33,708
|
|
|
|
358
|
|
|
Activision Blizzard, Inc.
|
|
|
4,307
|
|
|
|
431
|
|
|
Adobe Systems, Inc.*
|
|
|
13,309
|
|
|
|
808
|
|
|
Apple, Inc.*
|
|
|
493,494
|
|
|
|
1,126
|
|
|
Applied Materials, Inc.
|
|
|
12,262
|
|
|
|
429
|
|
|
Automatic Data Processing, Inc.
|
|
|
24,260
|
|
|
|
423
|
|
|
Broadcom Corp., Class A*
|
|
|
14,331
|
|
|
|
4,687
|
|
|
Cisco Systems, Inc.
|
|
|
74,758
|
|
|
|
164
|
|
|
Citrix Systems, Inc.*
|
|
|
11,919
|
|
|
|
265
|
|
|
Cognizant Technology Solutions Corp., Class A*
|
|
|
15,044
|
|
|
|
1,323
|
|
|
Corning, Inc.
|
|
|
15,095
|
|
|
|
1,354
|
|
|
Dell, Inc.*
|
|
|
16,086
|
|
|
|
966
|
|
|
eBay, Inc.*
|
|
|
42,794
|
|
|
|
1,831
|
|
|
EMC Corp.*
|
|
|
47,990
|
|
|
|
225
|
|
|
Google, Inc., Class A*
|
|
|
142,418
|
|
|
|
1,732
|
|
|
Hewlett-Packard Co.
|
|
|
31,592
|
|
|
|
4,387
|
|
|
Intel Corp.
|
|
|
112,746
|
|
|
|
960
|
|
|
International Business Machines Corp.
|
|
|
188,141
|
|
|
|
238
|
|
|
Intuit, Inc.
|
|
|
13,809
|
|
|
|
92
|
|
|
Mastercard, Inc., Class A
|
|
|
40,164
|
|
|
|
6,516
|
|
|
Microsoft Corp.
|
|
|
192,027
|
|
|
|
257
|
|
|
Motorola Solutions, Inc.
|
|
|
12,423
|
|
|
|
316
|
|
|
NetApp, Inc.*
|
|
|
10,324
|
|
|
|
3,331
|
|
|
Oracle Corp.
|
|
|
100,596
|
|
|
|
1,495
|
|
|
QUALCOMM, Inc.
|
|
|
89,222
|
|
|
|
109
|
|
|
Salesforce.com, Inc.*
|
|
|
13,555
|
|
|
|
334
|
|
|
Seagate Technology plc
|
|
|
10,027
|
|
|
|
371
|
|
|
TE Connectivity Ltd.
|
|
|
12,247
|
|
|
|
996
|
|
|
Texas Instruments, Inc.
|
|
|
27,131
|
|
|
|
456
|
|
|
Visa, Inc., Class A
|
|
|
58,856
|
|
|
|
73
|
|
|
VMware, Inc., Class A*
|
|
|
6,625
|
|
|
|
1,000
|
|
|
Yahoo!, Inc.*
|
|
|
15,840
|
|
|
|
|
|
|
|
|
|
1,897,100
|
|
|
|
|
|
|
Materials - 2.9%
|
|
|
|
|
|
|
173
|
|
|
Air Products & Chemicals, Inc.
|
|
|
13,914
|
|
|
|
57
|
|
|
CF Industries Holdings, Inc.
|
|
|
11,158
|
|
|
|
1,041
|
|
|
Dow Chemical Co./The
|
|
|
29,960
|
|
|
|
813
|
|
|
E.I. du Pont de Nemours & Co.
|
|
|
40,406
|
|
|
|
229
|
|
|
Ecolab, Inc.
|
|
|
14,988
|
|
|
|
820
|
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
27,609
|
|
|
|
352
|
|
|
International Paper Co.
|
|
|
11,549
|
|
|
|
466
|
|
|
Monsanto Co.
|
|
|
39,899
|
|
|
|
259
|
|
|
Mosaic Co./The
|
|
|
15,051
|
|
|
|
427
|
|
|
Newmont Mining Corp.
|
|
|
18,989
|
|
|
|
248
|
|
|
Nucor Corp.
|
|
|
9,722
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Large Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
133
|
|
|
PPG Industries, Inc.
|
|
$
|
14,558
|
|
|
|
260
|
|
|
Praxair, Inc.
|
|
|
26,978
|
|
|
|
|
|
|
|
|
|
274,781
|
|
|
|
|
|
|
Telecommunication Services - 3.6%
|
|
|
|
|
|
|
5,112
|
|
|
AT&T, Inc.
|
|
|
193,847
|
|
|
|
542
|
|
|
CenturyLink, Inc.
|
|
|
22,515
|
|
|
|
230
|
|
|
Crown Castle International Corp.*
|
|
|
14,232
|
|
|
|
2,465
|
|
|
Verizon Communications, Inc.
|
|
|
111,270
|
|
|
|
|
|
|
|
|
|
341,864
|
|
|
|
|
|
|
Utilities - 3.2%
|
|
|
|
|
|
|
421
|
|
|
American Electric Power Co., Inc.
|
|
|
17,783
|
|
|
|
253
|
|
|
Consolidated Edison, Inc.
|
|
|
16,318
|
|
|
|
496
|
|
|
Dominion Resources, Inc.
|
|
|
26,938
|
|
|
|
605
|
|
|
Duke Energy Corp.
|
|
|
41,020
|
|
|
|
261
|
|
|
Edison International
|
|
|
12,053
|
|
|
|
738
|
|
|
Exelon Corp.
|
|
|
28,870
|
|
|
|
364
|
|
|
FirstEnergy Corp.
|
|
|
18,280
|
|
|
|
367
|
|
|
NextEra Energy, Inc.
|
|
|
26,020
|
|
|
|
368
|
|
|
PG&E Corp.
|
|
|
16,987
|
|
|
|
503
|
|
|
PPL Corp.
|
|
|
14,537
|
|
|
|
443
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
14,725
|
|
|
|
195
|
|
|
Sempra Energy
|
|
|
13,730
|
|
|
|
758
|
|
|
Southern Co./The
|
|
|
36,498
|
|
|
|
422
|
|
|
Xcel Energy, Inc.
|
|
|
12,365
|
|
|
|
|
|
|
|
|
|
296,124
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $8,843,188)
|
|
|
9,352,357
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $8,843,188) — 100.0%
|
|
|
9,352,357
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
188
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
9,352,545
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
898,038
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(399,111
|
)
|
|
Net unrealized appreciation
|
|
$
|
498,927
|
|
|
Federal income tax cost of investments
|
|
$
|
8,853,430
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Mid Cap Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks -
100.0%
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 14.4%
|
|
|
|
|
|
|
148
|
|
|
Abercrombie & Fitch Co., Class A
|
|
$
|
5,002
|
|
|
|
127
|
|
|
Advance Auto Parts, Inc.
|
|
|
8,909
|
|
|
|
86
|
|
|
AMC Networks, Inc., Class A*
|
|
|
3,729
|
|
|
|
340
|
|
|
American Eagle Outfitters, Inc.
|
|
|
7,079
|
|
|
|
196
|
|
|
Apollo Group, Inc., Class A*
|
|
|
5,331
|
|
|
|
222
|
|
|
Ascena Retail Group, Inc.*
|
|
|
4,072
|
|
|
|
66
|
|
|
AutoNation, Inc.*
|
|
|
2,602
|
|
|
|
485
|
|
|
Best Buy Co., Inc.
|
|
|
8,774
|
|
|
|
199
|
|
|
BorgWarner, Inc.*
|
|
|
13,353
|
|
|
|
395
|
|
|
Cablevision Systems Corp., Class A
|
|
|
6,059
|
|
|
|
393
|
|
|
CarMax, Inc.*
|
|
|
10,937
|
|
|
|
88
|
|
|
Carter's, Inc.*
|
|
|
4,459
|
|
|
|
70
|
|
|
Charter Communications, Inc., Class A*
|
|
|
5,384
|
|
|
|
72
|
|
|
Clear Channel Outdoor Holdings, Inc., Class A*
|
|
|
364
|
|
|
|
486
|
|
|
D.R. Horton, Inc.
|
|
|
8,568
|
|
|
|
223
|
|
|
Darden Restaurants, Inc.
|
|
|
11,413
|
|
|
|
166
|
|
|
Dick's Sporting Goods, Inc.
|
|
|
8,154
|
|
|
|
61
|
|
|
Dillard's, Inc., Class A
|
|
|
3,979
|
|
|
|
403
|
|
|
Dollar Tree, Inc.*
|
|
|
20,287
|
|
|
|
136
|
|
|
Dunkin' Brands Group, Inc.
|
|
|
4,118
|
|
|
|
169
|
|
|
Expedia, Inc.
|
|
|
9,631
|
|
|
|
193
|
|
|
Family Dollar Stores, Inc.
|
|
|
12,753
|
|
|
|
264
|
|
|
Foot Locker, Inc.
|
|
|
8,717
|
|
|
|
90
|
|
|
Fossil, Inc.*
|
|
|
6,452
|
|
|
|
229
|
|
|
GameStop Corp., Class A
|
|
|
3,669
|
|
|
|
411
|
|
|
Gannett Co., Inc.
|
|
|
5,799
|
|
|
|
214
|
|
|
Garmin Ltd.
|
|
|
8,263
|
|
|
|
248
|
|
|
Gentex Corp.
|
|
|
3,971
|
|
|
|
271
|
|
|
Genuine Parts Co.
|
|
|
17,352
|
|
|
|
134
|
|
|
GNC Holdings, Inc., Class A
|
|
|
5,163
|
|
|
|
424
|
|
|
Goodyear Tire & Rubber Co./The*
|
|
|
4,855
|
|
|
|
560
|
|
|
Groupon, Inc.*
|
|
|
3,730
|
|
|
|
109
|
|
|
Guess?, Inc.
|
|
|
3,281
|
|
|
|
509
|
|
|
H&R Block, Inc.
|
|
|
8,210
|
|
|
|
168
|
|
|
Hanesbrands, Inc.*
|
|
|
5,043
|
|
|
|
404
|
|
|
Harley-Davidson, Inc.
|
|
|
17,465
|
|
|
|
122
|
|
|
Harman International Industries, Inc.
|
|
|
4,923
|
|
|
|
201
|
|
|
Hasbro, Inc.
|
|
|
7,200
|
|
|
|
79
|
|
|
Hyatt Hotels Corp., Class A*
|
|
|
2,808
|
|
|
|
521
|
|
|
International Game Technology
|
|
|
5,898
|
|
|
|
769
|
|
|
Interpublic Group of Cos., Inc./The
|
|
|
7,590
|
|
|
|
266
|
|
|
J.C. Penney Co., Inc.
|
|
|
5,988
|
|
|
|
137
|
|
|
Jarden Corp.
|
|
|
6,192
|
|
|
|
89
|
|
|
John Wiley & Sons, Inc., Class A
|
|
|
4,241
|
|
|
|
101
|
|
|
Lamar Advertising Co., Class A*
|
|
|
3,065
|
|
|
|
173
|
|
|
Lear Corp.
|
|
|
6,150
|
|
|
|
242
|
|
|
Leggett & Platt, Inc.
|
|
|
5,610
|
|
|
|
274
|
|
|
Lennar Corp., Class A
|
|
|
8,004
|
|
|
|
17
|
|
|
Lennar Corp., Class B
|
|
|
386
|
|
|
|
996
|
|
|
Liberty Interactive Corp., Class A*
|
|
|
18,655
|
|
|
|
204
|
|
|
Liberty Media Corp. - Liberty Capital, Class A*
|
|
|
19,298
|
|
|
|
256
|
|
|
LKQ Corp.*
|
|
|
9,044
|
|
|
|
589
|
|
|
Mattel, Inc.
|
|
|
20,715
|
|
|
|
560
|
|
|
MGM Resorts International*
|
|
|
5,331
|
|
|
|
96
|
|
|
Mohawk Industries, Inc.*
|
|
|
6,377
|
|
|
|
45
|
|
|
Morningstar, Inc.
|
|
|
2,613
|
|
|
|
96
|
|
|
Netflix, Inc.*
|
|
|
5,458
|
|
|
|
504
|
|
|
Newell Rubbermaid, Inc.
|
|
|
8,896
|
|
|
|
283
|
|
|
Nordstrom, Inc.
|
|
|
15,322
|
|
|
|
9
|
|
|
NVR, Inc.*
|
|
|
6,966
|
|
|
|
49
|
|
|
Panera Bread Co., Class A*
|
|
|
7,717
|
|
|
|
114
|
|
|
Penn National Gaming, Inc.*
|
|
|
4,437
|
|
|
|
188
|
|
|
PetSmart, Inc.
|
|
|
12,429
|
|
|
|
113
|
|
|
Polaris Industries, Inc.
|
|
|
8,493
|
|
|
|
586
|
|
|
PulteGroup, Inc.*
|
|
|
6,622
|
|
|
|
113
|
|
|
PVH Corp.
|
|
|
8,976
|
|
|
|
238
|
|
|
Royal Caribbean Cruises Ltd.
|
|
|
5,945
|
|
|
|
272
|
|
|
Sally Beauty Holdings, Inc.*
|
|
|
7,186
|
|
|
|
150
|
|
|
Scripps Networks Interactive, Inc., Class A
|
|
|
8,078
|
|
|
|
79
|
|
|
Sears Holdings Corp.*
|
|
|
3,910
|
|
|
|
149
|
|
|
Signet Jewelers Ltd.
|
|
|
6,544
|
|
|
|
6,564
|
|
|
Sirius XM Radio, Inc.*
|
|
|
14,178
|
|
|
|
1,203
|
|
|
Staples, Inc.
|
|
|
15,326
|
|
|
|
344
|
|
|
Starwood Hotels & Resorts Worldwide, Inc.
|
|
|
18,628
|
|
|
|
111
|
|
|
Tempur-Pedic International, Inc.*
|
|
|
3,162
|
|
|
|
97
|
|
|
Tesla Motors, Inc.*
|
|
|
2,660
|
|
|
|
220
|
|
|
Tiffany & Co.
|
|
|
12,085
|
|
|
|
258
|
|
|
Toll Brothers, Inc.*
|
|
|
7,526
|
|
|
|
124
|
|
|
Tractor Supply Co.
|
|
|
11,268
|
|
|
|
174
|
|
|
TripAdvisor, Inc.*
|
|
|
6,509
|
|
|
|
180
|
|
|
TRW Automotive Holdings Corp.*
|
|
|
7,074
|
|
|
|
98
|
|
|
Tupperware Brands Corp.
|
|
|
5,137
|
|
|
|
101
|
|
|
Ulta Salon Cosmetics & Fragrance, Inc.
|
|
|
8,573
|
|
|
|
142
|
|
|
Under Armour, Inc., Class A*
|
|
|
7,730
|
|
|
|
198
|
|
|
Urban Outfitters, Inc.*
|
|
|
6,049
|
|
|
|
483
|
|
|
Virgin Media, Inc.
|
|
|
13,225
|
|
|
|
91
|
|
|
Visteon Corp.*
|
|
|
2,951
|
|
|
|
8
|
|
|
Washington Post Co./The, Class B
|
|
|
2,708
|
|
|
|
32
|
|
|
Weight Watchers International, Inc.
|
|
|
1,619
|
|
|
|
134
|
|
|
Whirlpool Corp.
|
|
|
9,053
|
|
|
|
155
|
|
|
Williams-Sonoma, Inc.
|
|
|
5,386
|
|
|
|
254
|
|
|
Wyndham Worldwide Corp.
|
|
|
13,221
|
|
|
|
|
|
|
|
|
|
708,062
|
|
|
|
|
|
|
Consumer Staples - 5.7%
|
|
|
|
|
|
|
751
|
|
|
Avon Products, Inc.
|
|
|
11,633
|
|
|
|
274
|
|
|
Beam, Inc.
|
|
|
17,229
|
|
|
|
149
|
|
|
Brown-Forman Corp., Class B
|
|
|
13,940
|
|
|
|
256
|
|
|
Bunge Ltd.
|
|
|
16,837
|
|
|
|
341
|
|
|
Campbell Soup Co.
|
|
|
11,291
|
|
|
|
242
|
|
|
Church & Dwight Co., Inc.
|
|
|
13,942
|
|
|
|
226
|
|
|
Clorox Co./The
|
|
|
16,432
|
|
|
|
522
|
|
|
Coca-Cola Enterprises, Inc.
|
|
|
15,305
|
|
|
|
721
|
|
|
ConAgra Foods, Inc.
|
|
|
17,802
|
|
|
|
306
|
|
|
Constellation Brands, Inc., Class A*
|
|
|
8,632
|
|
|
|
368
|
|
|
Dr. Pepper Snapple Group, Inc.
|
|
|
16,773
|
|
|
|
114
|
|
|
Energizer Holdings, Inc.*
|
|
|
8,866
|
|
|
|
239
|
|
|
Flowers Foods, Inc.
|
|
|
5,107
|
|
|
|
216
|
|
|
Green Mountain Coffee Roasters, Inc.*
|
|
|
3,944
|
|
|
|
202
|
|
|
Herbalife Ltd.
|
|
|
11,088
|
|
|
|
203
|
|
|
Hillshire Brands Co.
|
|
|
5,199
|
|
|
|
247
|
|
|
Hormel Foods Corp.
|
|
|
6,894
|
|
|
|
132
|
|
|
Ingredion, Inc.
|
|
|
6,853
|
|
|
|
195
|
|
|
J.M. Smucker Co./The
|
|
|
14,976
|
|
|
|
208
|
|
|
McCormick & Co., Inc.
|
|
|
12,663
|
|
|
|
267
|
|
|
Monster Beverage Corp.*
|
|
|
17,748
|
|
|
|
102
|
|
|
Nu Skin Enterprises, Inc., Class A
|
|
|
5,203
|
|
|
|
95
|
|
|
Ralcorp Holdings, Inc.*
|
|
|
5,669
|
|
|
|
418
|
|
|
Safeway, Inc.
|
|
|
6,500
|
|
|
|
262
|
|
|
Smithfield Foods, Inc.*
|
|
|
4,847
|
|
|
|
523
|
|
|
Tyson Foods, Inc., Class A
|
|
|
7,850
|
|
|
|
|
|
|
|
|
|
283,223
|
|
|
|
|
|
|
Energy - 7.7%
|
|
|
|
|
|
|
382
|
|
|
Alpha Natural Resources, Inc.*
|
|
|
2,678
|
|
|
|
98
|
|
|
Atwood Oceanics, Inc.*
|
|
|
4,364
|
|
|
|
361
|
|
|
Cabot Oil & Gas Corp.
|
|
|
15,231
|
|
|
|
149
|
|
|
Cimarex Energy Co.
|
|
|
8,447
|
|
|
|
326
|
|
|
Cobalt International Energy, Inc.*
|
|
|
8,183
|
|
|
|
180
|
|
|
Concho Resources, Inc.*
|
|
|
15,345
|
|
|
|
392
|
|
|
CONSOL Energy, Inc.
|
|
|
11,360
|
|
|
|
83
|
|
|
Core Laboratories N.V.
|
|
|
9,259
|
|
|
|
684
|
|
|
Denbury Resources, Inc.*
|
|
|
10,342
|
|
|
|
114
|
|
|
Diamond Offshore Drilling, Inc.
|
|
|
7,458
|
|
|
|
131
|
|
|
Dresser-Rand Group, Inc.*
|
|
|
6,093
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Mid Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
63
|
|
|
Dril-Quip, Inc.*
|
|
$
|
4,619
|
|
|
|
126
|
|
|
Energen Corp.
|
|
|
6,452
|
|
|
|
130
|
|
|
Energy XXI Bermuda Ltd.
|
|
|
4,053
|
|
|
|
259
|
|
|
EQT Corp.
|
|
|
14,608
|
|
|
|
417
|
|
|
FMC Technologies, Inc.*
|
|
|
18,815
|
|
|
|
171
|
|
|
Helmerich & Payne, Inc.
|
|
|
7,951
|
|
|
|
337
|
|
|
HollyFrontier Corp.
|
|
|
12,600
|
|
|
|
31
|
|
|
Laredo Petroleum Holdings, Inc.*
|
|
|
712
|
|
|
|
405
|
|
|
McDermott International, Inc.*
|
|
|
4,739
|
|
|
|
336
|
|
|
Murphy Oil Corp.
|
|
|
18,030
|
|
|
|
499
|
|
|
Nabors Industries Ltd.*
|
|
|
6,906
|
|
|
|
234
|
|
|
Newfield Exploration Co.*
|
|
|
7,144
|
|
|
|
454
|
|
|
Noble Corp.*
|
|
|
16,798
|
|
|
|
122
|
|
|
Oasis Petroleum, Inc.*
|
|
|
3,194
|
|
|
|
188
|
|
|
Oceaneering International, Inc.
|
|
|
9,718
|
|
|
|
89
|
|
|
Oil States International, Inc.*
|
|
|
6,470
|
|
|
|
269
|
|
|
Patterson-UTI Energy, Inc.
|
|
|
4,164
|
|
|
|
471
|
|
|
Peabody Energy Corp.
|
|
|
9,834
|
|
|
|
224
|
|
|
Plains Exploration & Production Co.*
|
|
|
8,951
|
|
|
|
308
|
|
|
QEP Resources, Inc.
|
|
|
9,249
|
|
|
|
280
|
|
|
Range Resources Corp.
|
|
|
17,528
|
|
|
|
216
|
|
|
Rowan Cos. plc, Class A*
|
|
|
7,588
|
|
|
|
667
|
|
|
SandRidge Energy, Inc.*
|
|
|
4,549
|
|
|
|
111
|
|
|
SM Energy Co.
|
|
|
5,227
|
|
|
|
602
|
|
|
Southwestern Energy Co.*
|
|
|
20,017
|
|
|
|
186
|
|
|
Sunoco, Inc.
|
|
|
8,963
|
|
|
|
274
|
|
|
Superior Energy Services, Inc.*
|
|
|
5,938
|
|
|
|
242
|
|
|
Tesoro Corp.*
|
|
|
6,691
|
|
|
|
90
|
|
|
Tidewater, Inc.
|
|
|
4,371
|
|
|
|
264
|
|
|
Ultra Petroleum Corp.*
|
|
|
6,273
|
|
|
|
204
|
|
|
Whiting Petroleum Corp.*
|
|
|
8,242
|
|
|
|
123
|
|
|
World Fuel Services Corp.
|
|
|
4,980
|
|
|
|
342
|
|
|
WPX Energy, Inc.*
|
|
|
5,455
|
|
|
|
|
|
|
|
|
|
379,589
|
|
|
|
|
|
|
Financials - 18.4%
|
|
|
|
|
|
|
89
|
|
|
Affiliated Managers Group, Inc.*
|
|
|
9,932
|
|
|
|
108
|
|
|
Alexandria Real Estate Equities, Inc. (REIT)
|
|
|
7,936
|
|
|
|
29
|
|
|
Alleghany Corp.*
|
|
|
10,028
|
|
|
|
65
|
|
|
Allied World Assurance Co. Holdings AG
|
|
|
4,903
|
|
|
|
156
|
|
|
American Campus Communities, Inc. (REIT)
|
|
|
7,435
|
|
|
|
577
|
|
|
American Capital Agency Corp. (REIT)
|
|
|
20,276
|
|
|
|
149
|
|
|
American Financial Group, Inc./OH
|
|
|
5,619
|
|
|
|
380
|
|
|
Ameriprise Financial, Inc.
|
|
|
19,654
|
|
|
|
210
|
|
|
Apartment Investment & Management Co., Class A (REIT)
|
|
|
5,760
|
|
|
|
235
|
|
|
Arch Capital Group Ltd.*
|
|
|
9,118
|
|
|
|
206
|
|
|
Arthur J. Gallagher & Co.
|
|
|
7,309
|
|
|
|
149
|
|
|
Assurant, Inc.
|
|
|
5,395
|
|
|
|
225
|
|
|
Axis Capital Holdings Ltd.
|
|
|
7,394
|
|
|
|
267
|
|
|
BioMed Realty Trust, Inc. (REIT)
|
|
|
5,020
|
|
|
|
47
|
|
|
BOK Financial Corp.
|
|
|
2,655
|
|
|
|
134
|
|
|
BRE Properties, Inc. (REIT)
|
|
|
7,059
|
|
|
|
202
|
|
|
Brown & Brown, Inc.
|
|
|
5,098
|
|
|
|
140
|
|
|
Camden Property Trust (REIT)
|
|
|
9,983
|
|
|
|
258
|
|
|
CBL & Associates Properties, Inc. (REIT)
|
|
|
5,090
|
|
|
|
523
|
|
|
CBRE Group, Inc., Class A*
|
|
|
8,148
|
|
|
|
1,783
|
|
|
Chimera Investment Corp. (REIT)
|
|
|
3,851
|
|
|
|
264
|
|
|
Cincinnati Financial Corp.
|
|
|
9,990
|
|
|
|
348
|
|
|
CIT Group, Inc.*
|
|
|
12,709
|
|
|
|
85
|
|
|
City National Corp./CA
|
|
|
4,189
|
|
|
|
51
|
|
|
CNA Financial Corp.
|
|
|
1,332
|
|
|
|
342
|
|
|
Comerica, Inc.
|
|
|
10,332
|
|
|
|
155
|
|
|
Commerce Bancshares, Inc./MO
|
|
|
6,104
|
|
|
|
101
|
|
|
Cullen/Frost Bankers, Inc.
|
|
|
5,586
|
|
|
|
402
|
|
|
DDR Corp. (REIT)
|
|
|
6,046
|
|
|
|
212
|
|
|
Digital Realty Trust, Inc. (REIT)
|
|
|
16,551
|
|
|
|
243
|
|
|
Douglas Emmett, Inc. (REIT)
|
|
|
5,713
|
|
|
|
463
|
|
|
Duke Realty Corp. (REIT)
|
|
|
6,695
|
|
|
|
452
|
|
|
E*TRADE Financial Corp.*
|
|
|
3,449
|
|
|
|
251
|
|
|
East West Bancorp, Inc.
|
|
|
5,472
|
|
|
|
200
|
|
|
Eaton Vance Corp.
|
|
|
5,306
|
|
|
|
72
|
|
|
Equity Lifestyle Properties, Inc. (REIT)
|
|
|
5,178
|
|
|
|
47
|
|
|
Erie Indemnity Co., Class A
|
|
|
3,351
|
|
|
|
61
|
|
|
Essex Property Trust, Inc. (REIT)
|
|
|
9,599
|
|
|
|
76
|
|
|
Everest Re Group Ltd.
|
|
|
7,729
|
|
|
|
181
|
|
|
Extra Space Storage, Inc. (REIT)
|
|
|
5,926
|
|
|
|
111
|
|
|
Federal Realty Investment Trust (REIT)
|
|
|
12,061
|
|
|
|
387
|
|
|
Fidelity National Financial, Inc., Class A
|
|
|
7,206
|
|
|
|
611
|
|
|
First Niagara Financial Group, Inc.
|
|
|
4,631
|
|
|
|
136
|
|
|
First Republic Bank/CA
|
|
|
4,424
|
|
|
|
848
|
|
|
Genworth Financial, Inc., Class A*
|
|
|
4,274
|
|
|
|
135
|
|
|
Hancock Holding Co.
|
|
|
4,115
|
|
|
|
775
|
|
|
Hartford Financial Services Group, Inc.
|
|
|
12,749
|
|
|
|
176
|
|
|
HCC Insurance Holdings, Inc.
|
|
|
5,393
|
|
|
|
371
|
|
|
Health Care REIT, Inc. (REIT)
|
|
|
23,087
|
|
|
|
84
|
|
|
Home Properties, Inc. (REIT)
|
|
|
5,511
|
|
|
|
215
|
|
|
Hospitality Properties Trust (REIT)
|
|
|
5,218
|
|
|
|
1,251
|
|
|
Host Hotels & Resorts, Inc. (REIT)
|
|
|
18,365
|
|
|
|
847
|
|
|
Hudson City Bancorp, Inc.
|
|
|
5,378
|
|
|
|
1,495
|
|
|
Huntington Bancshares, Inc./OH
|
|
|
9,291
|
|
|
|
126
|
|
|
IntercontinentalExchange, Inc.*
|
|
|
16,534
|
|
|
|
784
|
|
|
Invesco Ltd.
|
|
|
17,350
|
|
|
|
258
|
|
|
Jefferies Group, Inc.
|
|
|
3,235
|
|
|
|
76
|
|
|
Jones Lang LaSalle, Inc.
|
|
|
5,068
|
|
|
|
1,653
|
|
|
KeyCorp
|
|
|
13,191
|
|
|
|
119
|
|
|
Kilroy Realty Corp. (REIT)
|
|
|
5,633
|
|
|
|
707
|
|
|
Kimco Realty Corp. (REIT)
|
|
|
13,779
|
|
|
|
226
|
|
|
Legg Mason, Inc.
|
|
|
5,542
|
|
|
|
336
|
|
|
Leucadia National Corp.
|
|
|
7,284
|
|
|
|
203
|
|
|
Liberty Property Trust (REIT)
|
|
|
7,367
|
|
|
|
496
|
|
|
Lincoln National Corp.
|
|
|
9,945
|
|
|
|
96
|
|
|
LPL Financial Holdings, Inc.
|
|
|
2,690
|
|
|
|
218
|
|
|
M&T Bank Corp.
|
|
|
18,713
|
|
|
|
229
|
|
|
Macerich Co./The (REIT)
|
|
|
13,376
|
|
|
|
17
|
|
|
Markel Corp.*
|
|
|
7,345
|
|
|
|
336
|
|
|
Moody's Corp.
|
|
|
13,618
|
|
|
|
211
|
|
|
MSCI, Inc.*
|
|
|
6,995
|
|
|
|
232
|
|
|
NASDAQ OMX Group, Inc./The
|
|
|
5,266
|
|
|
|
756
|
|
|
New York Community Bancorp, Inc.
|
|
|
9,813
|
|
|
|
378
|
|
|
Northern Trust Corp.
|
|
|
17,161
|
|
|
|
442
|
|
|
NYSE Euronext
|
|
|
11,262
|
|
|
|
112
|
|
|
PartnerRe Ltd.
|
|
|
8,113
|
|
|
|
618
|
|
|
People's United Financial, Inc.
|
|
|
7,082
|
|
|
|
300
|
|
|
Piedmont Office Realty Trust, Inc., Class A (REIT)
|
|
|
5,118
|
|
|
|
283
|
|
|
Plum Creek Timber Co., Inc. (REIT)
|
|
|
11,487
|
|
|
|
491
|
|
|
Principal Financial Group, Inc.
|
|
|
12,565
|
|
|
|
194
|
|
|
Raymond James Financial, Inc.
|
|
|
6,522
|
|
|
|
211
|
|
|
Rayonier, Inc. (REIT)
|
|
|
10,063
|
|
|
|
232
|
|
|
Realty Income Corp. (REIT)
|
|
|
9,558
|
|
|
|
156
|
|
|
Regency Centers Corp. (REIT)
|
|
|
7,465
|
|
|
|
2,450
|
|
|
Regions Financial Corp.
|
|
|
17,052
|
|
|
|
128
|
|
|
Reinsurance Group of America, Inc.
|
|
|
7,126
|
|
|
|
90
|
|
|
RenaissanceRe Holdings Ltd.
|
|
|
6,659
|
|
|
|
249
|
|
|
SEI Investments Co.
|
|
|
5,274
|
|
|
|
283
|
|
|
Senior Housing Properties Trust (REIT)
|
|
|
6,438
|
|
|
|
80
|
|
|
Signature Bank/NY*
|
|
|
5,160
|
|
|
|
156
|
|
|
SL Green Realty Corp. (REIT)
|
|
|
12,285
|
|
|
|
851
|
|
|
SLM Corp.
|
|
|
13,607
|
|
|
|
101
|
|
|
Taubman Centers, Inc. (REIT)
|
|
|
7,830
|
|
|
|
387
|
|
|
TD Ameritrade Holding Corp.
|
|
|
6,161
|
|
|
|
161
|
|
|
TFS Financial Corp.*
|
|
|
1,515
|
|
|
|
171
|
|
|
Torchmark Corp.
|
|
|
8,507
|
|
|
|
397
|
|
|
UDR, Inc. (REIT)
|
|
|
10,564
|
|
|
|
497
|
|
|
Unum Group
|
|
|
9,388
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Mid Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
150
|
|
|
Validus Holdings Ltd.
|
|
$
|
4,880
|
|
|
|
195
|
|
|
W.R. Berkley Corp.
|
|
|
7,143
|
|
|
|
150
|
|
|
Waddell & Reed Financial, Inc., Class A
|
|
|
4,364
|
|
|
|
210
|
|
|
Weingarten Realty Investors (REIT)
|
|
|
5,645
|
|
|
|
928
|
|
|
Weyerhaeuser Co. (REIT)
|
|
|
21,669
|
|
|
|
10
|
|
|
White Mountains Insurance Group Ltd.
|
|
|
5,106
|
|
|
|
298
|
|
|
Willis Group Holdings plc
|
|
|
11,020
|
|
|
|
542
|
|
|
XL Group plc
|
|
|
11,192
|
|
|
|
318
|
|
|
Zions Bancorp.
|
|
|
5,788
|
|
|
|
|
|
|
|
|
|
904,136
|
|
|
|
|
|
|
Health Care - 9.8%
|
|
|
|
|
|
|
83
|
|
|
AMERIGROUP Corp.*
|
|
|
7,460
|
|
|
|
440
|
|
|
AmerisourceBergen Corp.
|
|
|
17,468
|
|
|
|
254
|
|
|
Amylin Pharmaceuticals, Inc.*
|
|
|
7,821
|
|
|
|
199
|
|
|
BioMarin Pharmaceutical, Inc.*
|
|
|
7,819
|
|
|
|
34
|
|
|
Bio-Rad Laboratories, Inc., Class A*
|
|
|
3,271
|
|
|
|
2,494
|
|
|
Boston Scientific Corp.*
|
|
|
12,894
|
|
|
|
161
|
|
|
Bruker Corp.*
|
|
|
1,903
|
|
|
|
146
|
|
|
C.R. Bard, Inc.
|
|
|
14,200
|
|
|
|
389
|
|
|
CareFusion Corp.*
|
|
|
9,496
|
|
|
|
82
|
|
|
Cooper Cos., Inc./The
|
|
|
6,171
|
|
|
|
96
|
|
|
Covance, Inc.*
|
|
|
4,506
|
|
|
|
251
|
|
|
Coventry Health Care, Inc.
|
|
|
8,366
|
|
|
|
162
|
|
|
DaVita, Inc.*
|
|
|
15,944
|
|
|
|
246
|
|
|
DENTSPLY International, Inc.
|
|
|
8,940
|
|
|
|
200
|
|
|
Edwards Lifesciences Corp.*
|
|
|
20,240
|
|
|
|
203
|
|
|
Endo Health Solutions, Inc.*
|
|
|
6,035
|
|
|
|
432
|
|
|
Forest Laboratories, Inc.*
|
|
|
14,494
|
|
|
|
288
|
|
|
HCA Holdings, Inc.
|
|
|
7,626
|
|
|
|
144
|
|
|
Health Net, Inc.*
|
|
|
3,171
|
|
|
|
157
|
|
|
Henry Schein, Inc.*
|
|
|
11,745
|
|
|
|
456
|
|
|
Hologic, Inc.*
|
|
|
8,445
|
|
|
|
287
|
|
|
Hospira, Inc.*
|
|
|
9,973
|
|
|
|
401
|
|
|
Human Genome Sciences, Inc.*
|
|
|
5,710
|
|
|
|
96
|
|
|
IDEXX Laboratories, Inc.*
|
|
|
8,464
|
|
|
|
211
|
|
|
Illumina, Inc.*
|
|
|
8,750
|
|
|
|
171
|
|
|
Incyte Corp. Ltd.*
|
|
|
4,273
|
|
|
|
59
|
|
|
Jazz Pharmaceuticals plc*
|
|
|
2,836
|
|
|
|
169
|
|
|
Laboratory Corp of America Holdings*
|
|
|
14,211
|
|
|
|
310
|
|
|
Life Technologies Corp.*
|
|
|
13,603
|
|
|
|
63
|
|
|
Medivation, Inc.*
|
|
|
6,281
|
|
|
|
85
|
|
|
MEDNAX, Inc.*
|
|
|
5,621
|
|
|
|
55
|
|
|
Mettler-Toledo International, Inc.*
|
|
|
8,514
|
|
|
|
741
|
|
|
Mylan, Inc.*
|
|
|
17,065
|
|
|
|
196
|
|
|
Omnicare, Inc.
|
|
|
6,156
|
|
|
|
110
|
|
|
Onyx Pharmaceuticals, Inc.*
|
|
|
8,247
|
|
|
|
159
|
|
|
Patterson Cos., Inc.
|
|
|
5,422
|
|
|
|
198
|
|
|
PerkinElmer, Inc.
|
|
|
5,059
|
|
|
|
147
|
|
|
Perrigo Co.
|
|
|
16,761
|
|
|
|
273
|
|
|
Quest Diagnostics, Inc.
|
|
|
15,951
|
|
|
|
101
|
|
|
Questcor Pharmaceuticals, Inc.*
|
|
|
3,724
|
|
|
|
127
|
|
|
Regeneron Pharmaceuticals, Inc.*
|
|
|
17,101
|
|
|
|
248
|
|
|
ResMed, Inc.*
|
|
|
7,827
|
|
|
|
92
|
|
|
Salix Pharmaceuticals Ltd.*
|
|
|
4,123
|
|
|
|
97
|
|
|
Sirona Dental Systems, Inc.*
|
|
|
4,193
|
|
|
|
156
|
|
|
Universal Health Services, Inc., Class B
|
|
|
6,097
|
|
|
|
196
|
|
|
Varian Medical Systems, Inc.*
|
|
|
10,698
|
|
|
|
367
|
|
|
Vertex Pharmaceuticals, Inc.*
|
|
|
17,803
|
|
|
|
300
|
|
|
Warner Chilcott plc, Class A*
|
|
|
5,100
|
|
|
|
156
|
|
|
Waters Corp.*
|
|
|
12,087
|
|
|
|
221
|
|
|
Watson Pharmaceuticals, Inc.*
|
|
|
17,200
|
|
|
|
306
|
|
|
Zimmer Holdings, Inc.
|
|
|
18,033
|
|
|
|
|
|
|
|
|
|
484,898
|
|
|
|
|
|
|
Industrials - 13.2%
|
|
|
|
|
|
|
171
|
|
|
AECOM Technology Corp.*
|
|
|
2,772
|
|
|
|
168
|
|
|
AGCO Corp.*
|
|
|
7,365
|
|
|
|
419
|
|
|
AMETEK, Inc.
|
|
|
12,989
|
|
|
|
180
|
|
|
Avery Dennison Corp.
|
|
|
5,542
|
|
|
|
206
|
|
|
Babcock & Wilcox Co./The*
|
|
|
5,171
|
|
|
|
167
|
|
|
BE Aerospace, Inc.*
|
|
|
6,551
|
|
|
|
106
|
|
|
Carlisle Cos., Inc.
|
|
|
5,352
|
|
|
|
285
|
|
|
CH Robinson Worldwide, Inc.
|
|
|
15,062
|
|
|
|
195
|
|
|
Cintas Corp.
|
|
|
7,728
|
|
|
|
81
|
|
|
Clean Harbors, Inc.*
|
|
|
4,904
|
|
|
|
45
|
|
|
CNH Global N.V.*
|
|
|
1,715
|
|
|
|
275
|
|
|
Cooper Industries plc
|
|
|
19,767
|
|
|
|
197
|
|
|
Copart, Inc.*
|
|
|
4,681
|
|
|
|
173
|
|
|
Corrections Corp. of America
|
|
|
5,377
|
|
|
|
88
|
|
|
Crane Co.
|
|
|
3,432
|
|
|
|
1,470
|
|
|
Delta Air Lines, Inc.*
|
|
|
14,186
|
|
|
|
240
|
|
|
Donaldson Co., Inc.
|
|
|
8,191
|
|
|
|
319
|
|
|
Dover Corp.
|
|
|
17,376
|
|
|
|
83
|
|
|
Dun & Bradstreet Corp./The
|
|
|
6,656
|
|
|
|
—
|
#
|
|
Engility Holdings, Inc.*
|
|
|
2
|
|
|
|
211
|
|
|
Equifax, Inc.
|
|
|
9,883
|
|
|
|
371
|
|
|
Expeditors International of Washington, Inc.
|
|
|
13,196
|
|
|
|
95
|
|
|
Flowserve Corp.
|
|
|
11,398
|
|
|
|
295
|
|
|
Fluor Corp.
|
|
|
14,626
|
|
|
|
267
|
|
|
Fortune Brands Home & Security, Inc.*
|
|
|
5,906
|
|
|
|
87
|
|
|
Gardner Denver, Inc.
|
|
|
4,957
|
|
|
|
106
|
|
|
Graco, Inc.
|
|
|
4,863
|
|
|
|
411
|
|
|
Hertz Global Holdings, Inc.*
|
|
|
4,628
|
|
|
|
92
|
|
|
Hubbell, Inc., Class B
|
|
|
7,570
|
|
|
|
144
|
|
|
IDEX Corp.
|
|
|
5,494
|
|
|
|
99
|
|
|
IHS, Inc., Class A*
|
|
|
10,917
|
|
|
|
272
|
|
|
Iron Mountain, Inc.
|
|
|
8,761
|
|
|
|
168
|
|
|
J.B. Hunt Transport Services, Inc.
|
|
|
9,243
|
|
|
|
222
|
|
|
Jacobs Engineering Group, Inc.*
|
|
|
8,563
|
|
|
|
184
|
|
|
Joy Global, Inc.
|
|
|
9,557
|
|
|
|
191
|
|
|
Kansas City Southern
|
|
|
13,905
|
|
|
|
259
|
|
|
KBR, Inc.
|
|
|
6,796
|
|
|
|
138
|
|
|
Kennametal, Inc.
|
|
|
5,092
|
|
|
|
97
|
|
|
Kirby Corp.*
|
|
|
5,119
|
|
|
|
169
|
|
|
L-3 Communications Holdings, Inc.
|
|
|
11,980
|
|
|
|
147
|
|
|
Lincoln Electric Holdings, Inc.
|
|
|
5,862
|
|
|
|
139
|
|
|
Manpower, Inc.
|
|
|
4,946
|
|
|
|
624
|
|
|
Masco Corp.
|
|
|
7,507
|
|
|
|
81
|
|
|
MSC Industrial Direct Co., Inc., Class A
|
|
|
5,567
|
|
|
|
125
|
|
|
Nielsen Holdings NV*
|
|
|
3,562
|
|
|
|
103
|
|
|
Nordson Corp.
|
|
|
5,280
|
|
|
|
198
|
|
|
Owens Corning*
|
|
|
5,318
|
|
|
|
201
|
|
|
Pall Corp.
|
|
|
10,735
|
|
|
|
171
|
|
|
Pentair, Inc.
|
|
|
7,495
|
|
|
|
319
|
|
|
Pitney Bowes, Inc.
|
|
|
4,262
|
|
|
|
361
|
|
|
Quanta Services, Inc.*
|
|
|
8,299
|
|
|
|
72
|
|
|
Regal-Beloit Corp.
|
|
|
4,635
|
|
|
|
528
|
|
|
Republic Services, Inc.
|
|
|
15,275
|
|
|
|
249
|
|
|
Robert Half International, Inc.
|
|
|
6,725
|
|
|
|
249
|
|
|
Rockwell Automation, Inc.
|
|
|
16,773
|
|
|
|
254
|
|
|
Rockwell Collins, Inc.
|
|
|
12,845
|
|
|
|
131
|
|
|
Rollins, Inc.
|
|
|
3,089
|
|
|
|
169
|
|
|
Roper Industries, Inc.
|
|
|
16,807
|
|
|
|
138
|
|
|
Sensata Technologies Holding N.V.*
|
|
|
3,962
|
|
|
|
101
|
|
|
Snap-on, Inc.
|
|
|
6,846
|
|
|
|
1,335
|
|
|
Southwest Airlines Co.
|
|
|
12,269
|
|
|
|
204
|
|
|
Spirit AeroSystems Holdings, Inc., Class A*
|
|
|
4,794
|
|
|
|
89
|
|
|
SPX Corp.
|
|
|
5,404
|
|
|
|
295
|
|
|
Stanley Black & Decker, Inc.
|
|
|
19,733
|
|
|
|
148
|
|
|
Stericycle, Inc.*
|
|
|
13,742
|
|
|
|
486
|
|
|
Textron, Inc.
|
|
|
12,660
|
|
|
|
137
|
|
|
Timken Co.
|
|
|
4,959
|
|
|
|
102
|
|
|
Towers Watson & Co., Class A
|
|
|
5,980
|
|
|
|
80
|
|
|
TransDigm Group, Inc.*
|
|
|
9,869
|
|
|
|
67
|
|
|
Triumph Group, Inc.
|
|
|
4,190
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Mid Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
575
|
|
|
United Continental Holdings, Inc.*
|
|
$
|
10,862
|
|
|
|
140
|
|
|
United Rentals, Inc.*
|
|
|
4,047
|
|
|
|
132
|
|
|
URS Corp.
|
|
|
4,629
|
|
|
|
39
|
|
|
Valmont Industries, Inc.
|
|
|
4,831
|
|
|
|
242
|
|
|
Verisk Analytics, Inc., Class A*
|
|
|
12,161
|
|
|
|
114
|
|
|
WABCO Holdings, Inc.*
|
|
|
6,261
|
|
|
|
83
|
|
|
Wabtec Corp.
|
|
|
6,572
|
|
|
|
204
|
|
|
Waste Connections, Inc.
|
|
|
6,277
|
|
|
|
75
|
|
|
WESCO International, Inc.*
|
|
|
4,178
|
|
|
|
101
|
|
|
Woodward, Inc.
|
|
|
3,391
|
|
|
|
322
|
|
|
Xylem, Inc.
|
|
|
7,722
|
|
|
|
|
|
|
|
|
|
647,594
|
|
|
|
|
|
|
Information Technology - 16.5%
|
|
|
|
|
|
|
1,018
|
|
|
Advanced Micro Devices, Inc.*
|
|
|
4,133
|
|
|
|
312
|
|
|
Akamai Technologies, Inc.*
|
|
|
10,976
|
|
|
|
87
|
|
|
Alliance Data Systems Corp.*
|
|
|
11,310
|
|
|
|
563
|
|
|
Altera Corp.
|
|
|
19,958
|
|
|
|
304
|
|
|
Amdocs Ltd.*
|
|
|
9,044
|
|
|
|
282
|
|
|
Amphenol Corp., Class A
|
|
|
16,604
|
|
|
|
518
|
|
|
Analog Devices, Inc.
|
|
|
20,243
|
|
|
|
162
|
|
|
ANSYS, Inc.*
|
|
|
9,714
|
|
|
|
174
|
|
|
Ariba, Inc.*
|
|
|
7,731
|
|
|
|
194
|
|
|
Arrow Electronics, Inc.*
|
|
|
6,547
|
|
|
|
770
|
|
|
Atmel Corp.*
|
|
|
4,512
|
|
|
|
394
|
|
|
Autodesk, Inc.*
|
|
|
13,364
|
|
|
|
424
|
|
|
Avago Technologies Ltd.
|
|
|
15,688
|
|
|
|
252
|
|
|
Avnet, Inc.*
|
|
|
7,938
|
|
|
|
263
|
|
|
BMC Software, Inc.*
|
|
|
10,415
|
|
|
|
215
|
|
|
Broadridge Financial Solutions, Inc.
|
|
|
4,552
|
|
|
|
633
|
|
|
CA, Inc.
|
|
|
15,236
|
|
|
|
477
|
|
|
Cadence Design Systems, Inc.*
|
|
|
5,829
|
|
|
|
292
|
|
|
Check Point Software Technologies Ltd.*
|
|
|
14,182
|
|
|
|
267
|
|
|
Computer Sciences Corp.
|
|
|
6,574
|
|
|
|
81
|
|
|
Concur Technologies, Inc.*
|
|
|
5,471
|
|
|
|
202
|
|
|
Cree, Inc.*
|
|
|
4,838
|
|
|
|
89
|
|
|
Dolby Laboratories, Inc., Class A*
|
|
|
3,137
|
|
|
|
580
|
|
|
Electronic Arts, Inc.*
|
|
|
6,392
|
|
|
|
81
|
|
|
Equinix, Inc.*
|
|
|
14,433
|
|
|
|
138
|
|
|
F5 Networks, Inc.*
|
|
|
12,886
|
|
|
|
72
|
|
|
FactSet Research Systems, Inc.
|
|
|
6,693
|
|
|
|
437
|
|
|
Fidelity National Information Services, Inc.
|
|
|
13,739
|
|
|
|
237
|
|
|
Fiserv, Inc.*
|
|
|
16,621
|
|
|
|
78
|
|
|
FleetCor Technologies, Inc.*
|
|
|
2,880
|
|
|
|
1,193
|
|
|
Flextronics International Ltd.*
|
|
|
7,647
|
|
|
|
268
|
|
|
FLIR Systems, Inc.
|
|
|
5,481
|
|
|
|
216
|
|
|
Fortinet, Inc.*
|
|
|
5,186
|
|
|
|
77
|
|
|
Freescale Semiconductor Ltd.*
|
|
|
822
|
|
|
|
151
|
|
|
Gartner, Inc.*
|
|
|
6,703
|
|
|
|
187
|
|
|
Genpact Ltd.*
|
|
|
3,258
|
|
|
|
136
|
|
|
Global Payments, Inc.
|
|
|
5,824
|
|
|
|
198
|
|
|
Harris Corp.
|
|
|
8,247
|
|
|
|
123
|
|
|
IAC/InterActiveCorp
|
|
|
6,471
|
|
|
|
188
|
|
|
Informatica Corp.*
|
|
|
5,548
|
|
|
|
270
|
|
|
Ingram Micro, Inc., Class A*
|
|
|
4,047
|
|
|
|
56
|
|
|
IPG Photonics Corp.*
|
|
|
2,902
|
|
|
|
335
|
|
|
Jabil Circuit, Inc.
|
|
|
7,269
|
|
|
|
150
|
|
|
Jack Henry & Associates, Inc.
|
|
|
5,209
|
|
|
|
402
|
|
|
JDS Uniphase Corp.*
|
|
|
3,956
|
|
|
|
921
|
|
|
Juniper Networks, Inc.*
|
|
|
16,145
|
|
|
|
292
|
|
|
KLA-Tencor Corp.
|
|
|
14,866
|
|
|
|
338
|
|
|
Lam Research Corp.*
|
|
|
11,631
|
|
|
|
370
|
|
|
Linear Technology Corp.
|
|
|
11,933
|
|
|
|
108
|
|
|
LinkedIn Corp., Class A*
|
|
|
11,086
|
|
|
|
978
|
|
|
LSI Corp.*
|
|
|
6,748
|
|
|
|
851
|
|
|
Marvell Technology Group Ltd.
|
|
|
9,582
|
|
|
|
513
|
|
|
Maxim Integrated Products, Inc.
|
|
|
13,969
|
|
|
|
331
|
|
|
Microchip Technology, Inc.
|
|
|
11,049
|
|
|
|
1,729
|
|
|
Micron Technology, Inc.*
|
|
|
10,737
|
|
|
|
140
|
|
|
MICROS Systems, Inc.*
|
|
|
6,684
|
|
|
|
112
|
|
|
Molex, Inc.
|
|
|
2,813
|
|
|
|
139
|
|
|
Molex, Inc., Class A
|
|
|
2,875
|
|
|
|
162
|
|
|
National Instruments Corp.
|
|
|
4,186
|
|
|
|
274
|
|
|
NCR Corp.*
|
|
|
6,390
|
|
|
|
66
|
|
|
NetSuite, Inc.*
|
|
|
3,652
|
|
|
|
405
|
|
|
Nuance Communications, Inc.*
|
|
|
8,242
|
|
|
|
1,074
|
|
|
NVIDIA Corp.*
|
|
|
14,542
|
|
|
|
788
|
|
|
ON Semiconductor Corp.*
|
|
|
5,469
|
|
|
|
563
|
|
|
Paychex, Inc.
|
|
|
18,404
|
|
|
|
196
|
|
|
Rackspace Hosting, Inc.*
|
|
|
8,600
|
|
|
|
336
|
|
|
Red Hat, Inc.*
|
|
|
18,030
|
|
|
|
277
|
|
|
Riverbed Technology, Inc.*
|
|
|
4,886
|
|
|
|
191
|
|
|
Rovi Corp.*
|
|
|
2,556
|
|
|
|
592
|
|
|
SAIC, Inc.
|
|
|
6,849
|
|
|
|
424
|
|
|
SanDisk Corp.*
|
|
|
17,439
|
|
|
|
330
|
|
|
Skyworks Solutions, Inc.*
|
|
|
9,547
|
|
|
|
100
|
|
|
SolarWinds, Inc.*
|
|
|
5,339
|
|
|
|
121
|
|
|
Solera Holdings, Inc.
|
|
|
4,725
|
|
|
|
24
|
|
|
Splunk, Inc.*
|
|
|
706
|
|
|
|
1,268
|
|
|
Symantec Corp.*
|
|
|
19,971
|
|
|
|
254
|
|
|
Synopsys, Inc.*
|
|
|
7,694
|
|
|
|
293
|
|
|
Teradata Corp.*
|
|
|
19,813
|
|
|
|
322
|
|
|
Teradyne, Inc.*
|
|
|
4,737
|
|
|
|
290
|
|
|
TIBCO Software, Inc.*
|
|
|
8,146
|
|
|
|
328
|
|
|
Total System Services, Inc.
|
|
|
7,757
|
|
|
|
217
|
|
|
Trimble Navigation Ltd.*
|
|
|
9,604
|
|
|
|
13
|
|
|
Ubiquiti Networks, Inc.*
|
|
|
184
|
|
|
|
51
|
|
|
Vantiv, Inc., Class A*
|
|
|
1,151
|
|
|
|
184
|
|
|
VeriFone Systems, Inc.*
|
|
|
6,677
|
|
|
|
277
|
|
|
VeriSign, Inc.*
|
|
|
12,304
|
|
|
|
407
|
|
|
Western Digital Corp.*
|
|
|
16,186
|
|
|
|
1,077
|
|
|
Western Union Co./The
|
|
|
18,772
|
|
|
|
2,343
|
|
|
Xerox Corp.
|
|
|
16,237
|
|
|
|
455
|
|
|
Xilinx, Inc.
|
|
|
14,742
|
|
|
|
173
|
|
|
Zynga, Inc., Class A*
|
|
|
510
|
|
|
|
|
|
|
|
|
|
814,375
|
|
|
|
|
|
|
Materials - 6.3%
|
|
|
|
|
|
|
113
|
|
|
Airgas, Inc.
|
|
|
8,963
|
|
|
|
154
|
|
|
Albemarle Corp.
|
|
|
8,966
|
|
|
|
1,848
|
|
|
Alcoa, Inc.
|
|
|
15,653
|
|
|
|
185
|
|
|
Allegheny Technologies, Inc.
|
|
|
5,556
|
|
|
|
142
|
|
|
Allied Nevada Gold Corp.*
|
|
|
3,671
|
|
|
|
107
|
|
|
Aptargroup, Inc.
|
|
|
5,351
|
|
|
|
123
|
|
|
Ashland, Inc.
|
|
|
8,658
|
|
|
|
272
|
|
|
Ball Corp.
|
|
|
11,304
|
|
|
|
180
|
|
|
Bemis Co., Inc.
|
|
|
5,535
|
|
|
|
80
|
|
|
Carpenter Technology Corp.
|
|
|
3,829
|
|
|
|
272
|
|
|
Celanese Corp.
|
|
|
10,371
|
|
|
|
249
|
|
|
Cliffs Natural Resources, Inc.
|
|
|
10,182
|
|
|
|
259
|
|
|
Crown Holdings, Inc.*
|
|
|
9,298
|
|
|
|
80
|
|
|
Cytec Industries, Inc.
|
|
|
4,925
|
|
|
|
63
|
|
|
Domtar Corp.
|
|
|
4,653
|
|
|
|
265
|
|
|
Eastman Chemical Co.
|
|
|
13,865
|
|
|
|
238
|
|
|
FMC Corp.
|
|
|
13,019
|
|
|
|
335
|
|
|
Huntsman Corp.
|
|
|
4,238
|
|
|
|
140
|
|
|
International Flavors & Fragrances, Inc.
|
|
|
7,804
|
|
|
|
34
|
|
|
Kronos Worldwide, Inc.
|
|
|
575
|
|
|
|
79
|
|
|
Martin Marietta Materials, Inc.
|
|
|
5,936
|
|
|
|
301
|
|
|
MeadWestvaco Corp.
|
|
|
8,548
|
|
|
|
109
|
|
|
Molycorp, Inc.*
|
|
|
1,899
|
|
|
|
16
|
|
|
NewMarket Corp.
|
|
|
3,678
|
|
|
|
287
|
|
|
Owens-Illinois, Inc.*
|
|
|
5,295
|
|
|
|
173
|
|
|
Packaging Corp. of America
|
|
|
5,327
|
|
|
|
130
|
|
|
Reliance Steel & Aluminum Co.
|
|
|
6,692
|
|
|
|
124
|
|
|
Rock-Tenn Co., Class A
|
|
|
7,219
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Mid Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
121
|
|
|
Rockwood Holdings, Inc.
|
|
$
|
5,351
|
|
|
|
102
|
|
|
Royal Gold, Inc.
|
|
|
7,719
|
|
|
|
228
|
|
|
RPM International, Inc.
|
|
|
6,042
|
|
|
|
72
|
|
|
Scotts Miracle-Gro Co./The, Class A
|
|
|
2,873
|
|
|
|
310
|
|
|
Sealed Air Corp.
|
|
|
5,022
|
|
|
|
152
|
|
|
Sherwin-Williams Co./The
|
|
|
20,421
|
|
|
|
179
|
|
|
Sigma-Aldrich Corp.
|
|
|
12,387
|
|
|
|
81
|
|
|
Silgan Holdings, Inc.
|
|
|
3,338
|
|
|
|
174
|
|
|
Sonoco Products Co.
|
|
|
5,274
|
|
|
|
379
|
|
|
Steel Dynamics, Inc.
|
|
|
4,885
|
|
|
|
144
|
|
|
Titanium Metals Corp.
|
|
|
1,679
|
|
|
|
262
|
|
|
United States Steel Corp.
|
|
|
5,410
|
|
|
|
30
|
|
|
Valhi, Inc.
|
|
|
334
|
|
|
|
151
|
|
|
Valspar Corp.
|
|
|
7,580
|
|
|
|
203
|
|
|
Vulcan Materials Co.
|
|
|
7,864
|
|
|
|
107
|
|
|
W.R. Grace & Co.*
|
|
|
5,996
|
|
|
|
109
|
|
|
Walter Energy, Inc.
|
|
|
3,739
|
|
|
|
34
|
|
|
Westlake Chemical Corp.
|
|
|
2,018
|
|
|
|
|
|
|
|
|
|
308,942
|
|
|
|
|
|
|
Telecommunication Services - 1.4%
|
|
|
|
|
|
|
1,732
|
|
|
Frontier Communications Corp.
|
|
|
6,789
|
|
|
|
286
|
|
|
Level 3 Communications, Inc.*
|
|
|
5,511
|
|
|
|
555
|
|
|
MetroPCS Communications, Inc.*
|
|
|
4,862
|
|
|
|
211
|
|
|
SBA Communications Corp., Class A*
|
|
|
12,462
|
|
|
|
5,202
|
|
|
Sprint Nextel Corp.*
|
|
|
22,681
|
|
|
|
264
|
|
|
tw telecom, inc.*
|
|
|
6,634
|
|
|
|
26
|
|
|
United States Cellular Corp.*
|
|
|
1,069
|
|
|
|
1,022
|
|
|
Windstream Corp.
|
|
|
10,179
|
|
|
|
|
|
|
|
|
|
70,187
|
|
|
|
|
|
|
Utilities - 6.6%
|
|
|
|
|
|
|
1,121
|
|
|
AES Corp./The*
|
|
|
13,519
|
|
|
|
202
|
|
|
AGL Resources, Inc.
|
|
|
8,181
|
|
|
|
192
|
|
|
Alliant Energy Corp.
|
|
|
8,968
|
|
|
|
422
|
|
|
Ameren Corp.
|
|
|
14,437
|
|
|
|
304
|
|
|
American Water Works Co., Inc.
|
|
|
11,020
|
|
|
|
241
|
|
|
Aqua America, Inc.
|
|
|
6,179
|
|
|
|
157
|
|
|
Atmos Energy Corp.
|
|
|
5,628
|
|
|
|
666
|
|
|
Calpine Corp.*
|
|
|
11,382
|
|
|
|
694
|
|
|
CenterPoint Energy, Inc.
|
|
|
14,616
|
|
|
|
455
|
|
|
CMS Energy Corp.
|
|
|
11,220
|
|
|
|
293
|
|
|
DTE Energy Co.
|
|
|
17,981
|
|
|
|
307
|
|
|
Entergy Corp.
|
|
|
22,310
|
|
|
|
235
|
|
|
Great Plains Energy, Inc.
|
|
|
5,212
|
|
|
|
136
|
|
|
Integrys Energy Group, Inc.
|
|
|
8,233
|
|
|
|
89
|
|
|
ITC Holdings Corp.
|
|
|
6,603
|
|
|
|
302
|
|
|
MDU Resources Group, Inc.
|
|
|
6,762
|
|
|
|
144
|
|
|
National Fuel Gas Co.
|
|
|
7,047
|
|
|
|
494
|
|
|
NiSource, Inc.
|
|
|
12,642
|
|
|
|
541
|
|
|
Northeast Utilities
|
|
|
21,575
|
|
|
|
400
|
|
|
NRG Energy, Inc.
|
|
|
7,928
|
|
|
|
406
|
|
|
NV Energy, Inc.
|
|
|
7,426
|
|
|
|
171
|
|
|
OGE Energy Corp.
|
|
|
9,082
|
|
|
|
336
|
|
|
ONEOK, Inc.
|
|
|
14,955
|
|
|
|
396
|
|
|
Pepco Holdings, Inc.
|
|
|
7,904
|
|
|
|
189
|
|
|
Pinnacle West Capital Corp.
|
|
|
10,119
|
|
|
|
308
|
|
|
Questar Corp.
|
|
|
6,268
|
|
|
|
205
|
|
|
SCANA Corp.
|
|
|
10,080
|
|
|
|
351
|
|
|
TECO Energy, Inc.
|
|
|
6,385
|
|
|
|
195
|
|
|
UGI Corp.
|
|
|
5,977
|
|
|
|
219
|
|
|
Westar Energy, Inc.
|
|
|
6,693
|
|
|
|
402
|
|
|
Wisconsin Energy Corp.
|
|
|
16,378
|
|
|
|
|
|
|
|
|
|
322,710
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $4,986,988)
|
|
|
4,923,716
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
294
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $294)
|
|
|
294
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $4,987,282) — 100.0%
|
|
|
4,924,010
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(500
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
4,923,510
|
|
|
*
|
Non-income producing security.
|
|
#
|
Amount represents less than one share.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
468,225
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(547,632
|
)
|
|
Net unrealized depreciation
|
|
$
|
(79,407
|
)
|
|
Federal income tax cost of investments
|
|
$
|
5,003,417
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks -
100.0%
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 14.3%
|
|
|
|
|
|
|
439
|
|
|
Aaron's, Inc.
|
|
$
|
12,876
|
|
|
|
501
|
|
|
Aeropostale, Inc.*
|
|
|
9,880
|
|
|
|
301
|
|
|
ANN, Inc.*
|
|
|
8,151
|
|
|
|
164
|
|
|
Arbitron, Inc.
|
|
|
5,751
|
|
|
|
195
|
|
|
Asbury Automotive Group, Inc.*
|
|
|
5,101
|
|
|
|
269
|
|
|
Bally Technologies, Inc.*
|
|
|
11,758
|
|
|
|
256
|
|
|
Barnes & Noble, Inc.*
|
|
|
3,397
|
|
|
|
406
|
|
|
Big Lots, Inc.*
|
|
|
16,447
|
|
|
|
145
|
|
|
BJ's Restaurants, Inc.*
|
|
|
5,739
|
|
|
|
182
|
|
|
Bob Evans Farms, Inc.
|
|
|
7,011
|
|
|
|
114
|
|
|
Bridgepoint Education, Inc.*
|
|
|
1,037
|
|
|
|
467
|
|
|
Brinker International, Inc.
|
|
|
15,135
|
|
|
|
549
|
|
|
Brunswick Corp.
|
|
|
12,073
|
|
|
|
169
|
|
|
Buckle, Inc./The
|
|
|
6,535
|
|
|
|
114
|
|
|
Buffalo Wild Wings, Inc.*
|
|
|
8,275
|
|
|
|
304
|
|
|
Cabela's, Inc.*
|
|
|
13,966
|
|
|
|
8
|
|
|
Caesars Entertainment Corp.*
|
|
|
67
|
|
|
|
171
|
|
|
Cato Corp./The, Class A
|
|
|
4,788
|
|
|
|
325
|
|
|
Cheesecake Factory, Inc./The*
|
|
|
10,894
|
|
|
|
1,040
|
|
|
Chico's FAS, Inc.
|
|
|
15,933
|
|
|
|
152
|
|
|
Children's Place Retail Stores, Inc./The*
|
|
|
7,722
|
|
|
|
173
|
|
|
Choice Hotels International, Inc.
|
|
|
6,934
|
|
|
|
81
|
|
|
Churchill Downs, Inc.
|
|
|
4,483
|
|
|
|
609
|
|
|
Cinemark Holdings, Inc.
|
|
|
14,238
|
|
|
|
191
|
|
|
Coinstar, Inc.*
|
|
|
9,071
|
|
|
|
382
|
|
|
Collective Brands, Inc.*
|
|
|
8,221
|
|
|
|
91
|
|
|
Columbia Sportswear Co.
|
|
|
4,604
|
|
|
|
386
|
|
|
Cooper Tire & Rubber Co.
|
|
|
6,743
|
|
|
|
142
|
|
|
Cracker Barrel Old Country Store, Inc.
|
|
|
8,898
|
|
|
|
555
|
|
|
Crocs, Inc.*
|
|
|
8,519
|
|
|
|
907
|
|
|
Dana Holding Corp.
|
|
|
11,954
|
|
|
|
239
|
|
|
Deckers Outdoor Corp.*
|
|
|
9,969
|
|
|
|
354
|
|
|
DeVry, Inc.
|
|
|
6,949
|
|
|
|
98
|
|
|
DineEquity, Inc.*
|
|
|
5,223
|
|
|
|
343
|
|
|
Domino's Pizza, Inc.
|
|
|
11,710
|
|
|
|
162
|
|
|
Dorman Products, Inc.*
|
|
|
4,653
|
|
|
|
423
|
|
|
DreamWorks Animation SKG, Inc., Class A*
|
|
|
8,122
|
|
|
|
162
|
|
|
DSW, Inc., Class A
|
|
|
9,577
|
|
|
|
167
|
|
|
Education Management Corp.*
|
|
|
628
|
|
|
|
451
|
|
|
Express, Inc.*
|
|
|
7,261
|
|
|
|
155
|
|
|
Federal-Mogul Corp.*
|
|
|
1,542
|
|
|
|
588
|
|
|
Fifth & Pacific Cos., Inc.*
|
|
|
6,515
|
|
|
|
314
|
|
|
Finish Line, Inc./The, Class A
|
|
|
6,556
|
|
|
|
98
|
|
|
Francesca's Holdings Corp.*
|
|
|
3,078
|
|
|
|
261
|
|
|
Gaylord Entertainment Co.*
|
|
|
9,592
|
|
|
|
150
|
|
|
Genesco, Inc.*
|
|
|
9,933
|
|
|
|
141
|
|
|
Group 1 Automotive, Inc.
|
|
|
7,579
|
|
|
|
183
|
|
|
Helen of Troy Ltd.*
|
|
|
5,574
|
|
|
|
164
|
|
|
Hibbett Sports, Inc.*
|
|
|
9,966
|
|
|
|
389
|
|
|
Hillenbrand, Inc.
|
|
|
6,726
|
|
|
|
183
|
|
|
HomeAway, Inc.*
|
|
|
4,202
|
|
|
|
251
|
|
|
HSN, Inc.
|
|
|
10,632
|
|
|
|
440
|
|
|
Iconix Brand Group, Inc.*
|
|
|
7,801
|
|
|
|
170
|
|
|
International Speedway Corp., Class A
|
|
|
4,359
|
|
|
|
244
|
|
|
Interval Leisure Group, Inc.
|
|
|
4,475
|
|
|
|
165
|
|
|
ITT Educational Services, Inc.*
|
|
|
6,405
|
|
|
|
273
|
|
|
Jack in the Box, Inc.*
|
|
|
7,368
|
|
|
|
502
|
|
|
Jones Group, Inc./The
|
|
|
5,306
|
|
|
|
169
|
|
|
Jos. A. Bank Clothiers, Inc.*
|
|
|
7,142
|
|
|
|
226
|
|
|
K12, Inc.*
|
|
|
4,086
|
|
|
|
249
|
|
|
Life Time Fitness, Inc.*
|
|
|
11,307
|
|
|
|
569
|
|
|
Lions Gate Entertainment Corp.*
|
|
|
7,653
|
|
|
|
1,000
|
|
|
Live Nation Entertainment, Inc.*
|
|
|
8,920
|
|
|
|
383
|
|
|
Madison Square Garden Co./The, Class A*
|
|
|
13,884
|
|
|
|
191
|
|
|
Marriott Vacations Worldwide Corp.*
|
|
|
5,925
|
|
|
|
176
|
|
|
Matthews International Corp., Class A
|
|
|
5,104
|
|
|
|
77
|
|
|
Mattress Firm Holding Corp.*
|
|
|
2,245
|
|
|
|
227
|
|
|
MDC Holdings, Inc.
|
|
|
7,232
|
|
|
|
316
|
|
|
Men's Wearhouse, Inc./The
|
|
|
8,611
|
|
|
|
226
|
|
|
Meredith Corp.
|
|
|
7,467
|
|
|
|
165
|
|
|
Meritage Homes Corp.*
|
|
|
5,791
|
|
|
|
189
|
|
|
Monro Muffler Brake, Inc.
|
|
|
6,250
|
|
|
|
798
|
|
|
New York Times Co./The, Class A*
|
|
|
6,184
|
|
|
|
586
|
|
|
Orient-Express Hotels Ltd., Class A*
|
|
|
5,344
|
|
|
|
403
|
|
|
Pandora Media, Inc.*
|
|
|
3,978
|
|
|
|
116
|
|
|
Papa John's International, Inc.*
|
|
|
5,917
|
|
|
|
82
|
|
|
Peet's Coffee & Tea, Inc.*
|
|
|
6,183
|
|
|
|
273
|
|
|
Penske Automotive Group, Inc.
|
|
|
6,525
|
|
|
|
679
|
|
|
Pier 1 Imports, Inc.
|
|
|
11,197
|
|
|
|
301
|
|
|
Pool Corp.
|
|
|
11,095
|
|
|
|
491
|
|
|
Regal Entertainment Group, Class A
|
|
|
6,786
|
|
|
|
358
|
|
|
Regis Corp.
|
|
|
6,057
|
|
|
|
364
|
|
|
Rent-A-Center, Inc.
|
|
|
12,944
|
|
|
|
273
|
|
|
Ryland Group, Inc./The
|
|
|
6,519
|
|
|
|
695
|
|
|
Saks, Inc.*
|
|
|
7,249
|
|
|
|
150
|
|
|
Scholastic Corp.
|
|
|
4,519
|
|
|
|
380
|
|
|
Scientific Games Corp., Class A*
|
|
|
3,215
|
|
|
|
345
|
|
|
Select Comfort Corp.*
|
|
|
8,973
|
|
|
|
1,346
|
|
|
Service Corp. International
|
|
|
17,296
|
|
|
|
333
|
|
|
Shuffle Master, Inc.*
|
|
|
4,865
|
|
|
|
193
|
|
|
Shutterfly, Inc.*
|
|
|
6,336
|
|
|
|
323
|
|
|
Sinclair Broadcast Group, Inc., Class A
|
|
|
3,295
|
|
|
|
340
|
|
|
Six Flags Entertainment Corp.
|
|
|
19,587
|
|
|
|
239
|
|
|
Skechers U.S.A., Inc., Class A*
|
|
|
4,766
|
|
|
|
224
|
|
|
Sonic Automotive, Inc., Class A
|
|
|
3,835
|
|
|
|
418
|
|
|
Sotheby's
|
|
|
12,268
|
|
|
|
671
|
|
|
Standard Pacific Corp.*
|
|
|
3,805
|
|
|
|
251
|
|
|
Steven Madden Ltd.*
|
|
|
10,148
|
|
|
|
74
|
|
|
Strayer Education, Inc.
|
|
|
5,377
|
|
|
|
118
|
|
|
Sturm Ruger & Co., Inc.
|
|
|
5,833
|
|
|
|
45
|
|
|
Teavana Holdings, Inc.*
|
|
|
504
|
|
|
|
375
|
|
|
Tenneco, Inc.*
|
|
|
10,984
|
|
|
|
394
|
|
|
Texas Roadhouse, Inc.
|
|
|
6,820
|
|
|
|
279
|
|
|
Thor Industries, Inc.
|
|
|
8,016
|
|
|
|
118
|
|
|
Tumi Holdings, Inc.*
|
|
|
2,130
|
|
|
|
225
|
|
|
Vail Resorts, Inc.
|
|
|
11,169
|
|
|
|
265
|
|
|
Valassis Communications, Inc.*
|
|
|
5,976
|
|
|
|
146
|
|
|
Vera Bradley, Inc.*
|
|
|
3,327
|
|
|
|
172
|
|
|
Vitamin Shoppe, Inc.*
|
|
|
9,446
|
|
|
|
254
|
|
|
Warnaco Group, Inc./The*
|
|
|
10,836
|
|
|
|
1,929
|
|
|
Wendy's Co./The
|
|
|
8,854
|
|
|
|
346
|
|
|
WMS Industries, Inc.*
|
|
|
6,356
|
|
|
|
299
|
|
|
Wolverine World Wide, Inc.
|
|
|
13,285
|
|
|
|
132
|
|
|
Zumiez, Inc.*
|
|
|
4,796
|
|
|
|
|
|
|
|
|
|
862,114
|
|
|
|
|
|
|
Consumer Staples - 3.5%
|
|
|
|
|
|
|
115
|
|
|
Andersons, Inc./The
|
|
|
4,367
|
|
|
|
297
|
|
|
B&G Foods, Inc.
|
|
|
8,316
|
|
|
|
54
|
|
|
Boston Beer Co., Inc./The, Class A*
|
|
|
5,817
|
|
|
|
83
|
|
|
Cal-Maine Foods, Inc.
|
|
|
3,132
|
|
|
|
235
|
|
|
Casey's General Stores, Inc.
|
|
|
13,966
|
|
|
|
724
|
|
|
Darling International, Inc.*
|
|
|
11,960
|
|
|
|
1,139
|
|
|
Dean Foods Co.*
|
|
|
14,089
|
|
|
|
224
|
|
|
Dole Food Co., Inc.*
|
|
|
2,636
|
|
|
|
169
|
|
|
Elizabeth Arden, Inc.*
|
|
|
6,593
|
|
|
|
236
|
|
|
Fresh Del Monte Produce, Inc.
|
|
|
5,782
|
|
|
|
190
|
|
|
Fresh Market, Inc./The*
|
|
|
11,189
|
|
|
|
233
|
|
|
Hain Celestial Group, Inc./The*
|
|
|
12,976
|
|
|
|
266
|
|
|
Harris Teeter Supermarkets, Inc.
|
|
|
10,996
|
|
|
|
87
|
|
|
J&J Snack Foods Corp.
|
|
|
5,028
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
123
|
|
|
Lancaster Colony Corp.
|
|
$
|
8,523
|
|
|
|
356
|
|
|
Pilgrim's Pride Corp.*
|
|
|
1,655
|
|
|
|
112
|
|
|
Pricesmart, Inc.
|
|
|
8,066
|
|
|
|
74
|
|
|
Revlon, Inc., Class A*
|
|
|
1,077
|
|
|
|
3,759
|
|
|
Rite Aid Corp.*
|
|
|
4,360
|
|
|
|
127
|
|
|
Sanderson Farms, Inc.
|
|
|
4,677
|
|
|
|
388
|
|
|
Snyders-Lance, Inc.
|
|
|
9,091
|
|
|
|
155
|
|
|
Spectrum Brands Holdings, Inc.*
|
|
|
5,709
|
|
|
|
1,315
|
|
|
SUPERVALU, Inc.
|
|
|
3,248
|
|
|
|
179
|
|
|
Tootsie Roll Industries, Inc.
|
|
|
4,382
|
|
|
|
222
|
|
|
TreeHouse Foods, Inc.*
|
|
|
12,430
|
|
|
|
301
|
|
|
United Natural Foods, Inc.*
|
|
|
16,344
|
|
|
|
145
|
|
|
Universal Corp.
|
|
|
6,603
|
|
|
|
325
|
|
|
Vector Group Ltd.
|
|
|
5,522
|
|
|
|
69
|
|
|
Weis Markets, Inc.
|
|
|
3,004
|
|
|
|
|
|
|
|
|
|
211,538
|
|
|
|
|
|
|
Energy - 5.2%
|
|
|
|
|
|
|
57
|
|
|
Apco Oil and Gas International, Inc.
|
|
|
954
|
|
|
|
127
|
|
|
Approach Resources, Inc.*
|
|
|
3,353
|
|
|
|
1,321
|
|
|
Arch Coal, Inc.
|
|
|
9,524
|
|
|
|
321
|
|
|
Berry Petroleum Co., Class A
|
|
|
12,204
|
|
|
|
267
|
|
|
Bill Barrett Corp.*
|
|
|
5,623
|
|
|
|
209
|
|
|
Bristow Group, Inc.
|
|
|
9,566
|
|
|
|
280
|
|
|
C&J Energy Services, Inc.*
|
|
|
5,258
|
|
|
|
124
|
|
|
CARBO Ceramics, Inc.
|
|
|
7,958
|
|
|
|
218
|
|
|
Carrizo Oil & Gas, Inc.*
|
|
|
5,496
|
|
|
|
1,330
|
|
|
Cheniere Energy, Inc.*
|
|
|
18,128
|
|
|
|
56
|
|
|
Clayton Williams Energy, Inc.*
|
|
|
2,312
|
|
|
|
314
|
|
|
Clean Energy Fuels Corp.*
|
|
|
4,431
|
|
|
|
378
|
|
|
Cloud Peak Energy, Inc.*
|
|
|
6,256
|
|
|
|
295
|
|
|
Comstock Resources, Inc.*
|
|
|
4,773
|
|
|
|
80
|
|
|
Contango Oil & Gas Co.*
|
|
|
4,740
|
|
|
|
102
|
|
|
CVR Energy, Inc.*
|
|
|
2,913
|
|
|
|
96
|
|
|
Delek US Holdings, Inc.
|
|
|
1,895
|
|
|
|
942
|
|
|
EXCO Resources, Inc.
|
|
|
6,632
|
|
|
|
396
|
|
|
Exterran Holdings, Inc.*
|
|
|
5,849
|
|
|
|
731
|
|
|
Forest Oil Corp.*
|
|
|
5,007
|
|
|
|
99
|
|
|
Forum Energy Technologies, Inc.*
|
|
|
2,063
|
|
|
|
165
|
|
|
Gulfmark Offshore, Inc., Class A*
|
|
|
5,932
|
|
|
|
283
|
|
|
Gulfport Energy Corp.*
|
|
|
5,830
|
|
|
|
443
|
|
|
Halcon Resources Corp.*
|
|
|
2,924
|
|
|
|
624
|
|
|
Helix Energy Solutions Group, Inc.*
|
|
|
11,157
|
|
|
|
201
|
|
|
Hornbeck Offshore Services, Inc.*
|
|
|
8,512
|
|
|
|
736
|
|
|
ION Geophysical Corp.*
|
|
|
4,894
|
|
|
|
935
|
|
|
Key Energy Services, Inc.*
|
|
|
7,489
|
|
|
|
1,634
|
|
|
Kodiak Oil & Gas Corp.*
|
|
|
13,644
|
|
|
|
208
|
|
|
Lufkin Industries, Inc.
|
|
|
9,578
|
|
|
|
668
|
|
|
McMoRan Exploration Co.*
|
|
|
8,724
|
|
|
|
151
|
|
|
Midstates Petroleum Co., Inc.*
|
|
|
1,287
|
|
|
|
325
|
|
|
Nordic American Tankers Ltd.
|
|
|
3,803
|
|
|
|
392
|
|
|
Northern Oil and Gas, Inc.*
|
|
|
6,178
|
|
|
|
750
|
|
|
Quicksilver Resources, Inc.*
|
|
|
3,390
|
|
|
|
329
|
|
|
Rosetta Resources, Inc.*
|
|
|
13,726
|
|
|
|
455
|
|
|
RPC, Inc.
|
|
|
6,120
|
|
|
|
131
|
|
|
SEACOR Holdings, Inc.*
|
|
|
11,128
|
|
|
|
229
|
|
|
SemGroup Corp., Class A*
|
|
|
7,720
|
|
|
|
266
|
|
|
Ship Finance International Ltd.
|
|
|
3,852
|
|
|
|
304
|
|
|
Stone Energy Corp.*
|
|
|
7,983
|
|
|
|
263
|
|
|
Swift Energy Co.*
|
|
|
4,915
|
|
|
|
202
|
|
|
Targa Resources Corp.
|
|
|
8,898
|
|
|
|
249
|
|
|
Teekay Corp.
|
|
|
7,652
|
|
|
|
298
|
|
|
Unit Corp.*
|
|
|
11,849
|
|
|
|
225
|
|
|
W&T Offshore, Inc.
|
|
|
4,160
|
|
|
|
340
|
|
|
Western Refining, Inc.
|
|
|
8,000
|
|
|
|
|
|
|
|
|
|
314,280
|
|
|
|
|
|
|
Financials - 22.3%
|
|
|
|
|
|
|
272
|
|
|
Acadia Realty Trust (REIT)
|
|
|
6,512
|
|
|
|
17
|
|
|
Alexander's, Inc. (REIT)
|
|
|
7,264
|
|
|
|
212
|
|
|
American Assets Trust, Inc. (REIT)
|
|
|
5,512
|
|
|
|
89
|
|
|
American National Insurance Co.
|
|
|
6,268
|
|
|
|
983
|
|
|
American Realty Capital Trust, Inc. (REIT)
|
|
|
10,833
|
|
|
|
148
|
|
|
Amtrust Financial Services, Inc.
|
|
|
4,409
|
|
|
|
851
|
|
|
Anworth Mortgage Asset Corp. (REIT)
|
|
|
5,651
|
|
|
|
193
|
|
|
Argo Group International Holdings Ltd.
|
|
|
5,676
|
|
|
|
1,349
|
|
|
ARMOUR Residential REIT, Inc. (REIT)
|
|
|
10,333
|
|
|
|
439
|
|
|
Aspen Insurance Holdings Ltd.
|
|
|
12,617
|
|
|
|
1,072
|
|
|
Associated Banc-Corp.
|
|
|
13,389
|
|
|
|
1,032
|
|
|
Assured Guaranty Ltd.
|
|
|
12,363
|
|
|
|
556
|
|
|
Astoria Financial Corp.
|
|
|
5,238
|
|
|
|
484
|
|
|
BancorpSouth, Inc.
|
|
|
7,013
|
|
|
|
282
|
|
|
Bank of Hawaii Corp.
|
|
|
13,172
|
|
|
|
171
|
|
|
Bank of the Ozarks, Inc.
|
|
|
5,504
|
|
|
|
239
|
|
|
BankUnited, Inc.
|
|
|
5,822
|
|
|
|
593
|
|
|
BGC Partners, Inc., Class A
|
|
|
2,947
|
|
|
|
888
|
|
|
Brandywine Realty Trust (REIT)
|
|
|
10,549
|
|
|
|
1,703
|
|
|
CapitalSource, Inc.
|
|
|
11,155
|
|
|
|
1,017
|
|
|
Capitol Federal Financial, Inc.
|
|
|
11,919
|
|
|
|
580
|
|
|
Capstead Mortgage Corp. (REIT)
|
|
|
8,166
|
|
|
|
183
|
|
|
Cash America International, Inc.
|
|
|
7,013
|
|
|
|
487
|
|
|
Cathay General Bancorp
|
|
|
7,885
|
|
|
|
559
|
|
|
CBOE Holdings, Inc.
|
|
|
15,932
|
|
|
|
1,358
|
|
|
CNO Financial Group, Inc.
|
|
|
11,258
|
|
|
|
129
|
|
|
Cohen & Steers, Inc.
|
|
|
4,257
|
|
|
|
541
|
|
|
Colonial Properties Trust (REIT)
|
|
|
12,254
|
|
|
|
519
|
|
|
CommonWealth REIT (REIT)
|
|
|
9,467
|
|
|
|
241
|
|
|
Community Bank System, Inc.
|
|
|
6,630
|
|
|
|
446
|
|
|
Corporate Office Properties Trust (REIT)
|
|
|
9,928
|
|
|
|
41
|
|
|
Credit Acceptance Corp.*
|
|
|
3,930
|
|
|
|
707
|
|
|
CubeSmart (REIT)
|
|
|
8,477
|
|
|
|
586
|
|
|
CVB Financial Corp.
|
|
|
6,915
|
|
|
|
968
|
|
|
CYS Investments, Inc. (REIT)
|
|
|
13,997
|
|
|
|
1,523
|
|
|
DCT Industrial Trust, Inc. (REIT)
|
|
|
9,534
|
|
|
|
1,167
|
|
|
DiamondRock Hospitality Co. (REIT)
|
|
|
11,040
|
|
|
|
392
|
|
|
DuPont Fabros Technology, Inc. (REIT)
|
|
|
10,545
|
|
|
|
175
|
|
|
EastGroup Properties, Inc. (REIT)
|
|
|
9,359
|
|
|
|
578
|
|
|
Education Realty Trust, Inc. (REIT)
|
|
|
6,774
|
|
|
|
269
|
|
|
Endurance Specialty Holdings Ltd.
|
|
|
9,326
|
|
|
|
62
|
|
|
Enstar Group Ltd.*
|
|
|
5,796
|
|
|
|
288
|
|
|
Entertainment Properties Trust (REIT)
|
|
|
13,006
|
|
|
|
384
|
|
|
Equity One, Inc. (REIT)
|
|
|
8,329
|
|
|
|
271
|
|
|
Ezcorp, Inc., Class A*
|
|
|
6,097
|
|
|
|
76
|
|
|
FBL Financial Group, Inc., Class A
|
|
|
2,352
|
|
|
|
647
|
|
|
Federated Investors, Inc., Class B
|
|
|
13,011
|
|
|
|
261
|
|
|
Financial Engines, Inc.*
|
|
|
4,899
|
|
|
|
653
|
|
|
First American Financial Corp.
|
|
|
11,963
|
|
|
|
422
|
|
|
First BanCorp/Puerto Rico*
|
|
|
1,595
|
|
|
|
163
|
|
|
First Cash Financial Services, Inc.*
|
|
|
6,536
|
|
|
|
34
|
|
|
First Citizens BancShares Inc./NC, Class A
|
|
|
5,586
|
|
|
|
359
|
|
|
First Financial Bancorp
|
|
|
5,730
|
|
|
|
195
|
|
|
First Financial Bankshares, Inc.
|
|
|
6,727
|
|
|
|
1,566
|
|
|
First Horizon National Corp.
|
|
|
12,888
|
|
|
|
504
|
|
|
First Industrial Realty Trust, Inc. (REIT)*
|
|
|
6,421
|
|
|
|
677
|
|
|
FirstMerit Corp.
|
|
|
10,967
|
|
|
|
862
|
|
|
FNB Corp./PA
|
|
|
9,379
|
|
|
|
829
|
|
|
Forest City Enterprises, Inc., Class A*
|
|
|
11,697
|
|
|
|
465
|
|
|
Franklin Street Properties Corp. (REIT)
|
|
|
4,822
|
|
|
|
1,239
|
|
|
Fulton Financial Corp.
|
|
|
11,386
|
|
|
|
27
|
|
|
GAMCO Investors, Inc., Class A
|
|
|
1,207
|
|
|
|
446
|
|
|
Glacier Bancorp, Inc.
|
|
|
6,766
|
|
|
|
865
|
|
|
Glimcher Realty Trust (REIT)
|
|
|
8,667
|
|
|
|
230
|
|
|
Government Properties Income Trust (REIT)
|
|
|
5,267
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
126
|
|
|
Green Dot Corp., Class A*
|
|
$
|
1,315
|
|
|
|
181
|
|
|
Greenhill & Co., Inc.
|
|
|
7,189
|
|
|
|
188
|
|
|
Greenlight Capital Re Ltd., Class A*
|
|
|
4,429
|
|
|
|
282
|
|
|
Hanover Insurance Group, Inc./The
|
|
|
9,890
|
|
|
|
606
|
|
|
Hatteras Financial Corp. (REIT)
|
|
|
17,726
|
|
|
|
484
|
|
|
Healthcare Realty Trust, Inc. (REIT)
|
|
|
11,887
|
|
|
|
1,093
|
|
|
Hersha Hospitality Trust (REIT)
|
|
|
5,312
|
|
|
|
458
|
|
|
Highwoods Properties, Inc. (REIT)
|
|
|
15,512
|
|
|
|
157
|
|
|
Howard Hughes Corp./The*
|
|
|
9,676
|
|
|
|
182
|
|
|
Iberiabank Corp.
|
|
|
8,523
|
|
|
|
356
|
|
|
International Bancshares Corp.
|
|
|
6,525
|
|
|
|
715
|
|
|
Invesco Mortgage Capital, Inc. (REIT)
|
|
|
14,150
|
|
|
|
287
|
|
|
Investors Bancorp, Inc.*
|
|
|
4,669
|
|
|
|
1,154
|
|
|
Janus Capital Group, Inc.
|
|
|
8,343
|
|
|
|
274
|
|
|
Kemper Corp.
|
|
|
8,965
|
|
|
|
613
|
|
|
Knight Capital Group, Inc., Class A*
|
|
|
6,332
|
|
|
|
528
|
|
|
LaSalle Hotel Properties (REIT)
|
|
|
13,865
|
|
|
|
843
|
|
|
Lexington Realty Trust (REIT)
|
|
|
7,536
|
|
|
|
188
|
|
|
LTC Properties, Inc. (REIT)
|
|
|
6,712
|
|
|
|
539
|
|
|
Mack-Cali Realty Corp. (REIT)
|
|
|
14,440
|
|
|
|
208
|
|
|
MarketAxess Holdings, Inc.
|
|
|
6,286
|
|
|
|
338
|
|
|
MB Financial, Inc.
|
|
|
6,824
|
|
|
|
949
|
|
|
MBIA, Inc.*
|
|
|
9,063
|
|
|
|
841
|
|
|
Medical Properties Trust, Inc. (REIT)
|
|
|
8,284
|
|
|
|
163
|
|
|
Mercury General Corp.
|
|
|
5,904
|
|
|
|
2,208
|
|
|
MFA Financial, Inc. (REIT)
|
|
|
17,841
|
|
|
|
254
|
|
|
Mid-America Apartment Communities, Inc. (REIT)
|
|
|
17,584
|
|
|
|
359
|
|
|
Montpelier Re Holdings Ltd.
|
|
|
7,273
|
|
|
|
145
|
|
|
National Health Investors, Inc. (REIT)
|
|
|
7,785
|
|
|
|
790
|
|
|
National Penn Bancshares, Inc.
|
|
|
6,984
|
|
|
|
594
|
|
|
National Retail Properties, Inc. (REIT)
|
|
|
17,523
|
|
|
|
111
|
|
|
Nationstar Mortgage Holdings, Inc.*
|
|
|
2,444
|
|
|
|
167
|
|
|
Nelnet, Inc., Class A
|
|
|
3,926
|
|
|
|
605
|
|
|
Northwest Bancshares, Inc.
|
|
|
7,048
|
|
|
|
719
|
|
|
Ocwen Financial Corp.*
|
|
|
14,207
|
|
|
|
587
|
|
|
Old National Bancorp/IN
|
|
|
7,185
|
|
|
|
1,511
|
|
|
Old Republic International Corp.
|
|
|
12,179
|
|
|
|
656
|
|
|
Omega Healthcare Investors, Inc. (REIT)
|
|
|
15,901
|
|
|
|
145
|
|
|
OneBeacon Insurance Group Ltd., Class A
|
|
|
1,840
|
|
|
|
33
|
|
|
Pacific Capital Bancorp*
|
|
|
1,505
|
|
|
|
82
|
|
|
Park National Corp.
|
|
|
5,555
|
|
|
|
325
|
|
|
Pebblebrook Hotel Trust (REIT)
|
|
|
7,384
|
|
|
|
349
|
|
|
PHH Corp.*
|
|
|
5,657
|
|
|
|
216
|
|
|
Platinum Underwriters Holdings Ltd.
|
|
|
8,212
|
|
|
|
634
|
|
|
Popular, Inc.*
|
|
|
9,554
|
|
|
|
330
|
|
|
Post Properties, Inc. (REIT)
|
|
|
17,045
|
|
|
|
248
|
|
|
Potlatch Corp. (REIT)
|
|
|
8,583
|
|
|
|
245
|
|
|
Primerica, Inc.
|
|
|
6,706
|
|
|
|
389
|
|
|
PrivateBancorp, Inc.
|
|
|
5,959
|
|
|
|
181
|
|
|
ProAssurance Corp.
|
|
|
16,212
|
|
|
|
291
|
|
|
Prosperity Bancshares, Inc.
|
|
|
11,806
|
|
|
|
502
|
|
|
Protective Life Corp.
|
|
|
14,011
|
|
|
|
351
|
|
|
Provident Financial Services, Inc.
|
|
|
5,346
|
|
|
|
116
|
|
|
PS Business Parks, Inc. (REIT)
|
|
|
7,843
|
|
|
|
438
|
|
|
Redwood Trust, Inc. (REIT)
|
|
|
5,646
|
|
|
|
200
|
|
|
Retail Properties of America, Inc., Class A (REIT)
|
|
|
1,994
|
|
|
|
109
|
|
|
RLI Corp.
|
|
|
7,021
|
|
|
|
396
|
|
|
RLJ Lodging Trust (REIT)
|
|
|
6,970
|
|
|
|
335
|
|
|
Selective Insurance Group, Inc.
|
|
|
5,782
|
|
|
|
180
|
|
|
Sovran Self Storage, Inc. (REIT)
|
|
|
10,278
|
|
|
|
569
|
|
|
St Joe Co./The*
|
|
|
9,633
|
|
|
|
276
|
|
|
StanCorp Financial Group, Inc.
|
|
|
8,214
|
|
|
|
722
|
|
|
Starwood Property Trust, Inc. (REIT)
|
|
|
16,072
|
|
|
|
173
|
|
|
Sterling Financial Corp./WA*
|
|
|
3,470
|
|
|
|
334
|
|
|
Stifel Financial Corp.*
|
|
|
10,053
|
|
|
|
1,013
|
|
|
Strategic Hotels & Resorts, Inc. (REIT)*
|
|
|
6,139
|
|
|
|
151
|
|
|
Sun Communities, Inc. (REIT)
|
|
|
7,035
|
|
|
|
739
|
|
|
Sunstone Hotel Investors, Inc. (REIT)*
|
|
|
7,397
|
|
|
|
1,145
|
|
|
Susquehanna Bancshares, Inc.
|
|
|
12,206
|
|
|
|
274
|
|
|
SVB Financial Group*
|
|
|
15,840
|
|
|
|
484
|
|
|
Symetra Financial Corp.
|
|
|
5,629
|
|
|
|
4,531
|
|
|
Synovus Financial Corp.
|
|
|
8,609
|
|
|
|
568
|
|
|
Tanger Factory Outlet Centers (REIT)
|
|
|
18,290
|
|
|
|
935
|
|
|
TCF Financial Corp.
|
|
|
9,659
|
|
|
|
231
|
|
|
Texas Capital Bancshares, Inc.*
|
|
|
9,954
|
|
|
|
223
|
|
|
Tower Group, Inc.
|
|
|
4,157
|
|
|
|
354
|
|
|
Trustmark Corp.
|
|
|
8,560
|
|
|
|
1,638
|
|
|
Two Harbors Investment Corp. (REIT)
|
|
|
18,788
|
|
|
|
216
|
|
|
UMB Financial Corp.
|
|
|
10,381
|
|
|
|
696
|
|
|
Umpqua Holdings Corp.
|
|
|
8,686
|
|
|
|
311
|
|
|
United Bankshares, Inc./WV
|
|
|
7,246
|
|
|
|
1,216
|
|
|
Valley National Bancorp
|
|
|
11,309
|
|
|
|
666
|
|
|
Washington Federal, Inc.
|
|
|
10,609
|
|
|
|
409
|
|
|
Washington Real Estate Investment Trust (REIT)
|
|
|
10,920
|
|
|
|
459
|
|
|
Webster Financial Corp.
|
|
|
9,419
|
|
|
|
173
|
|
|
Westamerica Bancorp.
|
|
|
7,958
|
|
|
|
225
|
|
|
Wintrust Financial Corp.
|
|
|
8,260
|
|
|
|
91
|
|
|
World Acceptance Corp.*
|
|
|
6,486
|
|
|
|
72
|
|
|
Zillow, Inc., Class A*
|
|
|
2,712
|
|
|
|
|
|
|
|
|
|
1,339,764
|
|
|
|
|
|
|
Health Care - 12.3%
|
|
|
|
|
|
|
207
|
|
|
ABIOMED, Inc.*
|
|
|
4,668
|
|
|
|
286
|
|
|
Accretive Health, Inc.*
|
|
|
3,884
|
|
|
|
245
|
|
|
Acorda Therapeutics, Inc.*
|
|
|
5,897
|
|
|
|
71
|
|
|
Air Methods Corp.*
|
|
|
7,741
|
|
|
|
405
|
|
|
Akorn, Inc.*
|
|
|
5,536
|
|
|
|
498
|
|
|
Alere, Inc.*
|
|
|
9,397
|
|
|
|
389
|
|
|
Align Technology, Inc.*
|
|
|
13,210
|
|
|
|
603
|
|
|
Alkermes plc*
|
|
|
11,210
|
|
|
|
1,156
|
|
|
Allscripts Healthcare Solutions, Inc.*
|
|
|
10,635
|
|
|
|
194
|
|
|
Amsurg Corp.*
|
|
|
5,731
|
|
|
|
1,028
|
|
|
Ariad Pharmaceuticals, Inc.*
|
|
|
19,666
|
|
|
|
222
|
|
|
athenahealth, Inc.*
|
|
|
20,313
|
|
|
|
297
|
|
|
Auxilium Pharmaceuticals, Inc.*
|
|
|
8,001
|
|
|
|
628
|
|
|
Brookdale Senior Living, Inc.*
|
|
|
10,337
|
|
|
|
319
|
|
|
Centene Corp.*
|
|
|
12,135
|
|
|
|
407
|
|
|
Cepheid, Inc.*
|
|
|
13,040
|
|
|
|
307
|
|
|
Charles River Laboratories International, Inc.*
|
|
|
10,447
|
|
|
|
119
|
|
|
Chemed Corp.
|
|
|
7,470
|
|
|
|
568
|
|
|
Community Health Systems, Inc.*
|
|
|
13,978
|
|
|
|
393
|
|
|
Cubist Pharmaceuticals, Inc.*
|
|
|
16,923
|
|
|
|
171
|
|
|
Cyberonics, Inc.*
|
|
|
7,404
|
|
|
|
955
|
|
|
Dendreon Corp.*
|
|
|
4,546
|
|
|
|
184
|
|
|
Emeritus Corp.*
|
|
|
3,119
|
|
|
|
155
|
|
|
Haemonetics Corp.*
|
|
|
11,146
|
|
|
|
576
|
|
|
Halozyme Therapeutics, Inc.*
|
|
|
5,196
|
|
|
|
1,575
|
|
|
Health Management Associates, Inc., Class A*
|
|
|
10,363
|
|
|
|
591
|
|
|
HealthSouth Corp.*
|
|
|
13,238
|
|
|
|
74
|
|
|
HeartWare International, Inc.*
|
|
|
6,607
|
|
|
|
388
|
|
|
Hill-Rom Holdings, Inc.
|
|
|
10,146
|
|
|
|
525
|
|
|
HMS Holdings Corp.*
|
|
|
18,065
|
|
|
|
477
|
|
|
Idenix Pharmaceuticals, Inc.*
|
|
|
4,832
|
|
|
|
474
|
|
|
Immunogen, Inc.*
|
|
|
7,650
|
|
|
|
416
|
|
|
Impax Laboratories, Inc.*
|
|
|
9,244
|
|
|
|
255
|
|
|
Insulet Corp.*
|
|
|
4,988
|
|
|
|
126
|
|
|
Integra LifeSciences Holdings Corp.*
|
|
|
4,846
|
|
|
|
407
|
|
|
InterMune, Inc.*
|
|
|
3,594
|
|
|
|
466
|
|
|
Ironwood Pharmaceuticals, Inc.*
|
|
|
5,997
|
|
|
|
585
|
|
|
Isis Pharmaceuticals, Inc.*
|
|
|
7,090
|
|
|
|
299
|
|
|
LifePoint Hospitals, Inc.*
|
|
|
11,398
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
535
|
|
|
Lincare Holdings, Inc.
|
|
$
|
22,149
|
|
|
|
260
|
|
|
Luminex Corp.*
|
|
|
4,454
|
|
|
|
169
|
|
|
Magellan Health Services, Inc.*
|
|
|
8,146
|
|
|
|
232
|
|
|
MAKO Surgical Corp.*
|
|
|
2,956
|
|
|
|
324
|
|
|
Masimo Corp.*
|
|
|
7,258
|
|
|
|
342
|
|
|
Medicines Co./The*
|
|
|
8,564
|
|
|
|
369
|
|
|
Medicis Pharmaceutical Corp., Class A
|
|
|
12,147
|
|
|
|
254
|
|
|
Meridian Bioscience, Inc.
|
|
|
4,244
|
|
|
|
187
|
|
|
Molina Healthcare, Inc.*
|
|
|
4,565
|
|
|
|
280
|
|
|
Momenta Pharmaceuticals, Inc.*
|
|
|
3,982
|
|
|
|
79
|
|
|
MWI Veterinary Supply, Inc.*
|
|
|
7,196
|
|
|
|
532
|
|
|
Myriad Genetics, Inc.*
|
|
|
13,220
|
|
|
|
710
|
|
|
Nektar Therapeutics*
|
|
|
6,049
|
|
|
|
144
|
|
|
Neogen Corp.*
|
|
|
5,540
|
|
|
|
268
|
|
|
NuVasive, Inc.*
|
|
|
5,599
|
|
|
|
314
|
|
|
NxStage Medical, Inc.*
|
|
|
4,726
|
|
|
|
990
|
|
|
Opko Health, Inc.*
|
|
|
4,198
|
|
|
|
395
|
|
|
Owens & Minor, Inc.
|
|
|
11,143
|
|
|
|
224
|
|
|
Par Pharmaceutical Cos., Inc.*
|
|
|
11,191
|
|
|
|
369
|
|
|
PAREXEL International Corp.*
|
|
|
10,155
|
|
|
|
867
|
|
|
PDL BioPharma, Inc.
|
|
|
5,887
|
|
|
|
326
|
|
|
Pharmacyclics, Inc.*
|
|
|
17,346
|
|
|
|
318
|
|
|
PSS World Medical, Inc.*
|
|
|
6,643
|
|
|
|
232
|
|
|
Quality Systems, Inc.
|
|
|
3,749
|
|
|
|
626
|
|
|
Seattle Genetics, Inc.*
|
|
|
16,376
|
|
|
|
271
|
|
|
Select Medical Holdings Corp.*
|
|
|
2,886
|
|
|
|
328
|
|
|
STERIS Corp.
|
|
|
9,883
|
|
|
|
227
|
|
|
Team Health Holdings, Inc.*
|
|
|
6,061
|
|
|
|
230
|
|
|
Techne Corp.
|
|
|
15,888
|
|
|
|
252
|
|
|
Teleflex, Inc.
|
|
|
16,062
|
|
|
|
2,565
|
|
|
Tenet Healthcare Corp.*
|
|
|
11,850
|
|
|
|
437
|
|
|
Theravance, Inc.*
|
|
|
12,730
|
|
|
|
364
|
|
|
Thoratec Corp.*
|
|
|
12,489
|
|
|
|
293
|
|
|
United Therapeutics Corp.*
|
|
|
16,051
|
|
|
|
286
|
|
|
Universal American Corp.*
|
|
|
2,563
|
|
|
|
533
|
|
|
VCA Antech, Inc.*
|
|
|
9,701
|
|
|
|
437
|
|
|
ViroPharma, Inc.*
|
|
|
9,487
|
|
|
|
608
|
|
|
Vivus, Inc.*
|
|
|
12,786
|
|
|
|
325
|
|
|
Volcano Corp.*
|
|
|
8,596
|
|
|
|
265
|
|
|
WellCare Health Plans, Inc.*
|
|
|
17,177
|
|
|
|
209
|
|
|
West Pharmaceutical Services, Inc.
|
|
|
10,404
|
|
|
|
|
|
|
|
|
|
741,785
|
|
|
|
|
|
|
Industrials - 15.8%
|
|
|
|
|
|
|
275
|
|
|
ABM Industries, Inc.
|
|
|
5,115
|
|
|
|
266
|
|
|
Acacia Research Corp.*
|
|
|
7,530
|
|
|
|
689
|
|
|
ACCO Brands Corp.*
|
|
|
5,836
|
|
|
|
426
|
|
|
Actuant Corp., Class A
|
|
|
12,124
|
|
|
|
261
|
|
|
Acuity Brands, Inc.
|
|
|
15,122
|
|
|
|
201
|
|
|
Advisory Board Co./The*
|
|
|
9,043
|
|
|
|
445
|
|
|
Air Lease Corp.*
|
|
|
8,758
|
|
|
|
296
|
|
|
Aircastle Ltd.
|
|
|
3,502
|
|
|
|
447
|
|
|
Alaska Air Group, Inc.*
|
|
|
15,578
|
|
|
|
93
|
|
|
Allegiant Travel Co.*
|
|
|
6,609
|
|
|
|
206
|
|
|
Alliant Techsystems, Inc.
|
|
|
9,542
|
|
|
|
37
|
|
|
Amerco, Inc.
|
|
|
3,456
|
|
|
|
246
|
|
|
AO Smith Corp.
|
|
|
12,157
|
|
|
|
237
|
|
|
Applied Industrial Technologies, Inc.
|
|
|
8,807
|
|
|
|
134
|
|
|
Armstrong World Industries, Inc.
|
|
|
5,179
|
|
|
|
163
|
|
|
Atlas Air Worldwide Holdings, Inc.*
|
|
|
7,394
|
|
|
|
651
|
|
|
Avis Budget Group, Inc.*
|
|
|
9,355
|
|
|
|
293
|
|
|
Barnes Group, Inc.
|
|
|
6,991
|
|
|
|
286
|
|
|
Beacon Roofing Supply, Inc.*
|
|
|
7,582
|
|
|
|
282
|
|
|
Belden, Inc.
|
|
|
9,061
|
|
|
|
306
|
|
|
Brady Corp., Class A
|
|
|
8,118
|
|
|
|
302
|
|
|
Briggs & Stratton Corp.
|
|
|
5,267
|
|
|
|
291
|
|
|
Brink's Co./The
|
|
|
6,751
|
|
|
|
182
|
|
|
Chart Industries, Inc.*
|
|
|
11,804
|
|
|
|
312
|
|
|
CLARCOR, Inc.
|
|
|
15,085
|
|
|
|
281
|
|
|
Colfax Corp.*
|
|
|
8,132
|
|
|
|
346
|
|
|
Con-way, Inc.
|
|
|
12,324
|
|
|
|
206
|
|
|
Corporate Executive Board Co./The
|
|
|
9,503
|
|
|
|
703
|
|
|
Covanta Holding Corp.
|
|
|
12,078
|
|
|
|
99
|
|
|
Cubic Corp.
|
|
|
4,789
|
|
|
|
289
|
|
|
Curtiss-Wright Corp.
|
|
|
8,661
|
|
|
|
318
|
|
|
Deluxe Corp.
|
|
|
9,006
|
|
|
|
174
|
|
|
Dollar Thrifty Automotive Group, Inc.*
|
|
|
12,946
|
|
|
|
411
|
|
|
EMCOR Group, Inc.
|
|
|
10,822
|
|
|
|
296
|
|
|
EnerSys, Inc.*
|
|
|
10,108
|
|
|
|
164
|
|
|
ESCO Technologies, Inc.
|
|
|
5,906
|
|
|
|
188
|
|
|
Esterline Technologies Corp.*
|
|
|
11,039
|
|
|
|
1,149
|
|
|
Exelis, Inc.
|
|
|
10,801
|
|
|
|
177
|
|
|
Forward Air Corp.
|
|
|
5,922
|
|
|
|
121
|
|
|
Franklin Electric Co., Inc.
|
|
|
6,826
|
|
|
|
258
|
|
|
FTI Consulting, Inc.*
|
|
|
6,587
|
|
|
|
289
|
|
|
GATX Corp.
|
|
|
12,158
|
|
|
|
172
|
|
|
Generac Holdings, Inc.
|
|
|
3,925
|
|
|
|
309
|
|
|
General Cable Corp.*
|
|
|
8,074
|
|
|
|
248
|
|
|
Genesee & Wyoming, Inc., Class A*
|
|
|
15,391
|
|
|
|
381
|
|
|
Geo Group, Inc./The*
|
|
|
8,809
|
|
|
|
812
|
|
|
GrafTech International Ltd.*
|
|
|
8,485
|
|
|
|
213
|
|
|
Granite Construction, Inc.
|
|
|
5,517
|
|
|
|
498
|
|
|
Harsco Corp.
|
|
|
10,582
|
|
|
|
388
|
|
|
Healthcare Services Group, Inc.
|
|
|
8,412
|
|
|
|
330
|
|
|
Heartland Express, Inc.
|
|
|
4,587
|
|
|
|
98
|
|
|
HEICO Corp.
|
|
|
3,498
|
|
|
|
178
|
|
|
HEICO Corp., Class A
|
|
|
5,247
|
|
|
|
360
|
|
|
Herman Miller, Inc.
|
|
|
6,588
|
|
|
|
610
|
|
|
Hexcel Corp.*
|
|
|
14,207
|
|
|
|
231
|
|
|
HNI Corp.
|
|
|
6,138
|
|
|
|
230
|
|
|
Hub Group, Inc., Class A*
|
|
|
6,842
|
|
|
|
283
|
|
|
Huntington Ingalls Industries, Inc.*
|
|
|
11,034
|
|
|
|
140
|
|
|
Huron Consulting Group, Inc.*
|
|
|
4,715
|
|
|
|
327
|
|
|
II-VI, Inc.*
|
|
|
5,703
|
|
|
|
362
|
|
|
Interface, Inc.
|
|
|
4,800
|
|
|
|
575
|
|
|
ITT Corp.
|
|
|
10,775
|
|
|
|
1,482
|
|
|
JetBlue Airways Corp.*
|
|
|
8,166
|
|
|
|
163
|
|
|
Kaman Corp.
|
|
|
5,311
|
|
|
|
194
|
|
|
KAR Auction Services, Inc.*
|
|
|
3,106
|
|
|
|
200
|
|
|
Kaydon Corp.
|
|
|
4,220
|
|
|
|
351
|
|
|
Knight Transportation, Inc.
|
|
|
5,381
|
|
|
|
292
|
|
|
Korn/Ferry International*
|
|
|
3,843
|
|
|
|
291
|
|
|
Landstar System, Inc.
|
|
|
14,378
|
|
|
|
302
|
|
|
Lennox International, Inc.
|
|
|
13,188
|
|
|
|
814
|
|
|
Manitowoc Co., Inc./The
|
|
|
9,768
|
|
|
|
375
|
|
|
MasTec, Inc.*
|
|
|
5,985
|
|
|
|
262
|
|
|
Matson, Inc.
|
|
|
6,435
|
|
|
|
116
|
|
|
Middleby Corp.*
|
|
|
11,359
|
|
|
|
199
|
|
|
Mine Safety Appliances Co.
|
|
|
6,830
|
|
|
|
237
|
|
|
Mobile Mini, Inc.*
|
|
|
3,394
|
|
|
|
260
|
|
|
Moog, Inc., Class A*
|
|
|
9,461
|
|
|
|
138
|
|
|
MRC Global, Inc.*
|
|
|
3,189
|
|
|
|
234
|
|
|
Mueller Industries, Inc.
|
|
|
9,975
|
|
|
|
35
|
|
|
NACCO Industries, Inc., Class A
|
|
|
3,505
|
|
|
|
381
|
|
|
Navistar International Corp.*
|
|
|
9,373
|
|
|
|
338
|
|
|
Old Dominion Freight Line, Inc.*
|
|
|
14,331
|
|
|
|
561
|
|
|
Oshkosh Corp.*
|
|
|
12,634
|
|
|
|
251
|
|
|
Polypore International, Inc.*
|
|
|
9,327
|
|
|
|
105
|
|
|
Portfolio Recovery Associates, Inc.*
|
|
|
8,891
|
|
|
|
28
|
|
|
Proto Labs, Inc.*
|
|
|
1,059
|
|
|
|
1,118
|
|
|
R.R. Donnelley & Sons Co.
|
|
|
13,550
|
|
|
|
127
|
|
|
RailAmerica, Inc.*
|
|
|
3,484
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
224
|
|
|
Raven Industries, Inc.
|
|
$
|
7,331
|
|
|
|
135
|
|
|
RBC Bearings, Inc.*
|
|
|
6,323
|
|
|
|
146
|
|
|
Rexnord Corp.*
|
|
|
2,832
|
|
|
|
229
|
|
|
Robbins & Myers, Inc.
|
|
|
10,497
|
|
|
|
134
|
|
|
RPX Corp.*
|
|
|
1,682
|
|
|
|
317
|
|
|
Ryder System, Inc.
|
|
|
12,502
|
|
|
|
68
|
|
|
Sauer-Danfoss, Inc.
|
|
|
2,461
|
|
|
|
2
|
|
|
Seaboard Corp.*
|
|
|
4,400
|
|
|
|
404
|
|
|
Shaw Group, Inc./The*
|
|
|
15,736
|
|
|
|
248
|
|
|
Simpson Manufacturing Co., Inc.
|
|
|
6,011
|
|
|
|
160
|
|
|
Spirit Airlines, Inc.*
|
|
|
3,442
|
|
|
|
538
|
|
|
Steelcase, Inc., Class A
|
|
|
4,611
|
|
|
|
493
|
|
|
Swift Transportation Co.*
|
|
|
4,092
|
|
|
|
162
|
|
|
TAL International Group, Inc.
|
|
|
5,532
|
|
|
|
227
|
|
|
Teledyne Technologies, Inc.*
|
|
|
14,142
|
|
|
|
679
|
|
|
Terex Corp.*
|
|
|
13,240
|
|
|
|
386
|
|
|
Tetra Tech, Inc.*
|
|
|
9,924
|
|
|
|
114
|
|
|
Textainer Group Holdings Ltd.
|
|
|
4,289
|
|
|
|
260
|
|
|
Titan International, Inc.
|
|
|
5,374
|
|
|
|
367
|
|
|
Toro Co./The
|
|
|
13,799
|
|
|
|
493
|
|
|
Trinity Industries, Inc.
|
|
|
13,804
|
|
|
|
92
|
|
|
UniFirst Corp.
|
|
|
5,761
|
|
|
|
252
|
|
|
United Stationers, Inc.
|
|
|
6,353
|
|
|
|
999
|
|
|
US Airways Group, Inc.*
|
|
|
11,449
|
|
|
|
411
|
|
|
USG Corp.*
|
|
|
6,675
|
|
|
|
630
|
|
|
UTi Worldwide, Inc.
|
|
|
8,347
|
|
|
|
156
|
|
|
Watsco, Inc.
|
|
|
10,599
|
|
|
|
187
|
|
|
Watts Water Technologies, Inc., Class A
|
|
|
6,291
|
|
|
|
320
|
|
|
Werner Enterprises, Inc.
|
|
|
7,386
|
|
|
|
133
|
|
|
Wesco Aircraft Holdings, Inc.*
|
|
|
1,776
|
|
|
|
|
|
|
|
|
|
953,507
|
|
|
|
|
|
|
Information Technology - 17.5%
|
|
|
|
|
|
|
262
|
|
|
3D Systems Corp.*
|
|
|
9,956
|
|
|
|
244
|
|
|
ACI Worldwide, Inc.*
|
|
|
10,738
|
|
|
|
348
|
|
|
Acme Packet, Inc.*
|
|
|
5,516
|
|
|
|
214
|
|
|
Active Network, Inc./The*
|
|
|
3,037
|
|
|
|
485
|
|
|
Acxiom Corp.*
|
|
|
8,133
|
|
|
|
401
|
|
|
ADTRAN, Inc.
|
|
|
8,654
|
|
|
|
198
|
|
|
Advent Software, Inc.*
|
|
|
4,507
|
|
|
|
110
|
|
|
Aeroflex Holding Corp.*
|
|
|
661
|
|
|
|
500
|
|
|
Amkor Technology, Inc.*
|
|
|
2,665
|
|
|
|
174
|
|
|
Ancestry.com, Inc.*
|
|
|
5,824
|
|
|
|
178
|
|
|
Anixter International, Inc.
|
|
|
10,130
|
|
|
|
580
|
|
|
AOL, Inc.*
|
|
|
18,479
|
|
|
|
701
|
|
|
Arris Group, Inc.*
|
|
|
8,896
|
|
|
|
681
|
|
|
Aruba Networks, Inc.*
|
|
|
9,657
|
|
|
|
584
|
|
|
Aspen Technology, Inc.*
|
|
|
13,654
|
|
|
|
319
|
|
|
AVX Corp.
|
|
|
3,107
|
|
|
|
273
|
|
|
Bankrate, Inc.*
|
|
|
4,354
|
|
|
|
358
|
|
|
Benchmark Electronics, Inc.*
|
|
|
5,642
|
|
|
|
277
|
|
|
Blackbaud, Inc.
|
|
|
7,473
|
|
|
|
151
|
|
|
Booz Allen Hamilton Holding Corp.
|
|
|
2,632
|
|
|
|
228
|
|
|
Bottomline Technologies, Inc.*
|
|
|
4,330
|
|
|
|
142
|
|
|
BroadSoft, Inc.*
|
|
|
3,486
|
|
|
|
2,680
|
|
|
Brocade Communications Systems, Inc.*
|
|
|
13,320
|
|
|
|
146
|
|
|
Cabot Microelectronics Corp.
|
|
|
4,292
|
|
|
|
164
|
|
|
CACI International, Inc., Class A*
|
|
|
9,258
|
|
|
|
270
|
|
|
Cardtronics, Inc.*
|
|
|
8,373
|
|
|
|
300
|
|
|
Cavium, Inc.*
|
|
|
8,106
|
|
|
|
612
|
|
|
Ciena Corp.*
|
|
|
9,810
|
|
|
|
404
|
|
|
Cirrus Logic, Inc.*
|
|
|
14,855
|
|
|
|
238
|
|
|
Cognex Corp.
|
|
|
8,044
|
|
|
|
146
|
|
|
Coherent, Inc.*
|
|
|
7,129
|
|
|
|
253
|
|
|
CommVault Systems, Inc.*
|
|
|
12,276
|
|
|
|
1,357
|
|
|
Compuware Corp.*
|
|
|
12,498
|
|
|
|
1,358
|
|
|
Comverse Technology, Inc.*
|
|
|
7,374
|
|
|
|
633
|
|
|
Convergys Corp.
|
|
|
9,330
|
|
|
|
660
|
|
|
CoreLogic, Inc.*
|
|
|
15,180
|
|
|
|
173
|
|
|
Cornerstone OnDemand, Inc.*
|
|
|
4,114
|
|
|
|
157
|
|
|
CoStar Group, Inc.*
|
|
|
12,957
|
|
|
|
176
|
|
|
Cymer, Inc.*
|
|
|
10,069
|
|
|
|
960
|
|
|
Cypress Semiconductor Corp.*
|
|
|
10,262
|
|
|
|
263
|
|
|
DealerTrack Holdings, Inc.*
|
|
|
7,672
|
|
|
|
388
|
|
|
Diebold, Inc.
|
|
|
12,552
|
|
|
|
216
|
|
|
Diodes, Inc.*
|
|
|
4,091
|
|
|
|
218
|
|
|
DST Systems, Inc.
|
|
|
11,750
|
|
|
|
670
|
|
|
EarthLink, Inc.
|
|
|
4,590
|
|
|
|
241
|
|
|
EchoStar Corp., Class A*
|
|
|
6,941
|
|
|
|
833
|
|
|
Entegris, Inc.*
|
|
|
6,706
|
|
|
|
50
|
|
|
EPAM Systems, Inc.*
|
|
|
802
|
|
|
|
302
|
|
|
Euronet Worldwide, Inc.*
|
|
|
5,521
|
|
|
|
56
|
|
|
ExactTarget, Inc.*
|
|
|
1,277
|
|
|
|
152
|
|
|
ExlService Holdings, Inc.*
|
|
|
3,747
|
|
|
|
213
|
|
|
Fair Isaac Corp.
|
|
|
9,221
|
|
|
|
791
|
|
|
Fairchild Semiconductor International, Inc.*
|
|
|
10,963
|
|
|
|
103
|
|
|
FARO Technologies, Inc.*
|
|
|
4,432
|
|
|
|
233
|
|
|
FEI Co.
|
|
|
11,116
|
|
|
|
556
|
|
|
Finisar Corp.*
|
|
|
6,911
|
|
|
|
347
|
|
|
First Solar, Inc.*
|
|
|
5,392
|
|
|
|
89
|
|
|
Forrester Research, Inc.
|
|
|
2,540
|
|
|
|
359
|
|
|
Fusion-io, Inc.*
|
|
|
6,864
|
|
|
|
744
|
|
|
GT Advanced Technologies, Inc.*
|
|
|
3,809
|
|
|
|
114
|
|
|
Guidewire Software, Inc.*
|
|
|
2,925
|
|
|
|
226
|
|
|
Heartland Payment Systems, Inc.
|
|
|
7,164
|
|
|
|
201
|
|
|
Higher One Holdings, Inc.*
|
|
|
2,229
|
|
|
|
175
|
|
|
Hittite Microwave Corp.*
|
|
|
8,867
|
|
|
|
196
|
|
|
iGATE Corp.*
|
|
|
3,116
|
|
|
|
272
|
|
|
Insight Enterprises, Inc.*
|
|
|
4,559
|
|
|
|
882
|
|
|
Integrated Device Technology, Inc.*
|
|
|
4,445
|
|
|
|
275
|
|
|
InterDigital, Inc.
|
|
|
7,508
|
|
|
|
430
|
|
|
International Rectifier Corp.*
|
|
|
7,327
|
|
|
|
779
|
|
|
Intersil Corp., Class A
|
|
|
7,175
|
|
|
|
212
|
|
|
InvenSense, Inc.*
|
|
|
2,735
|
|
|
|
252
|
|
|
Itron, Inc.*
|
|
|
9,820
|
|
|
|
318
|
|
|
Ixia*
|
|
|
4,929
|
|
|
|
287
|
|
|
j2 Global, Inc.
|
|
|
8,590
|
|
|
|
262
|
|
|
JDA Software Group, Inc.*
|
|
|
7,750
|
|
|
|
100
|
|
|
Jive Software, Inc.*
|
|
|
2,003
|
|
|
|
148
|
|
|
Kenexa Corp.*
|
|
|
3,524
|
|
|
|
451
|
|
|
Kulicke & Soffa Industries, Inc.*
|
|
|
4,993
|
|
|
|
523
|
|
|
Lender Processing Services, Inc.
|
|
|
12,902
|
|
|
|
441
|
|
|
Lexmark International, Inc., Class A
|
|
|
7,713
|
|
|
|
143
|
|
|
Liquidity Services, Inc.*
|
|
|
6,538
|
|
|
|
143
|
|
|
Littelfuse, Inc.
|
|
|
7,671
|
|
|
|
138
|
|
|
LogMeIn, Inc.*
|
|
|
2,615
|
|
|
|
76
|
|
|
Loral Space & Communications, Inc.
|
|
|
5,468
|
|
|
|
36
|
|
|
M/A-COM Technology Solutions Holdings, Inc.*
|
|
|
637
|
|
|
|
128
|
|
|
Manhattan Associates, Inc.*
|
|
|
5,976
|
|
|
|
145
|
|
|
Mantech International Corp., Class A
|
|
|
3,180
|
|
|
|
209
|
|
|
MAXIMUS, Inc.
|
|
|
10,555
|
|
|
|
1,429
|
|
|
MEMC Electronic Materials, Inc.*
|
|
|
2,744
|
|
|
|
585
|
|
|
Mentor Graphics Corp.*
|
|
|
8,939
|
|
|
|
551
|
|
|
Microsemi Corp.*
|
|
|
10,667
|
|
|
|
51
|
|
|
MicroStrategy, Inc., Class A*
|
|
|
5,939
|
|
|
|
66
|
|
|
Millennial Media, Inc.*
|
|
|
655
|
|
|
|
325
|
|
|
MKS Instruments, Inc.
|
|
|
8,580
|
|
|
|
133
|
|
|
MoneyGram International, Inc.*
|
|
|
2,070
|
|
|
|
764
|
|
|
Monster Worldwide, Inc.*
|
|
|
5,539
|
|
|
|
232
|
|
|
NETGEAR, Inc.*
|
|
|
8,034
|
|
|
|
214
|
|
|
Netscout Systems, Inc.*
|
|
|
4,999
|
|
|
|
405
|
|
|
NeuStar, Inc., Class A*
|
|
|
14,341
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
362
|
|
|
OmniVision Technologies, Inc.*
|
|
$
|
5,075
|
|
|
|
140
|
|
|
OpenTable, Inc.*
|
|
|
5,090
|
|
|
|
122
|
|
|
OSI Systems, Inc.*
|
|
|
7,874
|
|
|
|
732
|
|
|
Parametric Technology Corp.*
|
|
|
15,767
|
|
|
|
100
|
|
|
Pegasystems, Inc.
|
|
|
2,778
|
|
|
|
267
|
|
|
Plantronics, Inc.
|
|
|
8,763
|
|
|
|
215
|
|
|
Plexus Corp.*
|
|
|
6,175
|
|
|
|
1,446
|
|
|
PMC - Sierra, Inc.*
|
|
|
7,693
|
|
|
|
1,006
|
|
|
Polycom, Inc.*
|
|
|
8,792
|
|
|
|
174
|
|
|
Power Integrations, Inc.
|
|
|
6,132
|
|
|
|
384
|
|
|
Progress Software Corp.*
|
|
|
7,465
|
|
|
|
482
|
|
|
QLIK Technologies, Inc.*
|
|
|
9,640
|
|
|
|
612
|
|
|
QLogic Corp.*
|
|
|
7,063
|
|
|
|
358
|
|
|
Quest Software, Inc.*
|
|
|
10,003
|
|
|
|
237
|
|
|
RealPage, Inc.*
|
|
|
5,266
|
|
|
|
1,714
|
|
|
RF Micro Devices, Inc.*
|
|
|
6,650
|
|
|
|
676
|
|
|
Sapient Corp.
|
|
|
6,733
|
|
|
|
171
|
|
|
ScanSource, Inc.*
|
|
|
4,937
|
|
|
|
405
|
|
|
Semtech Corp.*
|
|
|
9,675
|
|
|
|
258
|
|
|
ServiceSource International, Inc.*
|
|
|
2,910
|
|
|
|
266
|
|
|
Silicon Laboratories, Inc.*
|
|
|
9,829
|
|
|
|
183
|
|
|
Sourcefire, Inc.*
|
|
|
9,342
|
|
|
|
211
|
|
|
SS&C Technologies Holdings, Inc.*
|
|
|
5,127
|
|
|
|
131
|
|
|
Stratasys, Inc.*
|
|
|
8,028
|
|
|
|
209
|
|
|
Synaptics, Inc.*
|
|
|
5,513
|
|
|
|
191
|
|
|
Synchronoss Technologies, Inc.*
|
|
|
3,652
|
|
|
|
151
|
|
|
SYNNEX Corp.*
|
|
|
5,108
|
|
|
|
95
|
|
|
Syntel, Inc.
|
|
|
5,522
|
|
|
|
556
|
|
|
Take-Two Interactive Software, Inc.*
|
|
|
4,882
|
|
|
|
256
|
|
|
Tech Data Corp.*
|
|
|
12,826
|
|
|
|
151
|
|
|
TeleTech Holdings, Inc.*
|
|
|
2,485
|
|
|
|
2,059
|
|
|
Tellabs, Inc.
|
|
|
6,774
|
|
|
|
318
|
|
|
Tessera Technologies, Inc.
|
|
|
4,595
|
|
|
|
749
|
|
|
TiVo, Inc.*
|
|
|
6,509
|
|
|
|
1,023
|
|
|
TriQuint Semiconductor, Inc.*
|
|
|
5,770
|
|
|
|
331
|
|
|
TTM Technologies, Inc.*
|
|
|
3,621
|
|
|
|
184
|
|
|
Tyler Technologies, Inc.*
|
|
|
7,180
|
|
|
|
165
|
|
|
Ultimate Software Group, Inc.*
|
|
|
14,763
|
|
|
|
243
|
|
|
Unisys Corp.*
|
|
|
4,722
|
|
|
|
249
|
|
|
Universal Display Corp.*
|
|
|
7,908
|
|
|
|
500
|
|
|
ValueClick, Inc.*
|
|
|
7,855
|
|
|
|
240
|
|
|
Veeco Instruments, Inc.*
|
|
|
8,570
|
|
|
|
138
|
|
|
Verint Systems, Inc.*
|
|
|
3,852
|
|
|
|
261
|
|
|
ViaSat, Inc.*
|
|
|
9,996
|
|
|
|
259
|
|
|
VirnetX Holding Corp.*
|
|
|
6,128
|
|
|
|
891
|
|
|
Vishay Intertechnology, Inc.*
|
|
|
8,794
|
|
|
|
229
|
|
|
VistaPrint N.V.*
|
|
|
7,901
|
|
|
|
276
|
|
|
WebMD Health Corp.*
|
|
|
4,060
|
|
|
|
240
|
|
|
Wright Express Corp.*
|
|
|
15,451
|
|
|
|
44
|
|
|
Yelp, Inc.*
|
|
|
878
|
|
|
|
322
|
|
|
Zebra Technologies Corp., Class A*
|
|
|
11,122
|
|
|
|
|
|
|
|
|
|
1,054,340
|
|
|
|
|
|
|
Materials - 4.4%
|
|
|
|
|
|
|
679
|
|
|
AK Steel Holding Corp.
|
|
|
3,612
|
|
|
|
166
|
|
|
AMCOL International Corp.
|
|
|
5,096
|
|
|
|
179
|
|
|
Balchem Corp.
|
|
|
5,966
|
|
|
|
244
|
|
|
Buckeye Technologies, Inc.
|
|
|
7,349
|
|
|
|
365
|
|
|
Cabot Corp.
|
|
|
14,235
|
|
|
|
347
|
|
|
Calgon Carbon Corp.*
|
|
|
4,802
|
|
|
|
389
|
|
|
Century Aluminum Co.*
|
|
|
2,377
|
|
|
|
612
|
|
|
Chemtura Corp.*
|
|
|
8,274
|
|
|
|
556
|
|
|
Coeur d'Alene Mines Corp.*
|
|
|
9,068
|
|
|
|
716
|
|
|
Commercial Metals Co.
|
|
|
9,229
|
|
|
|
203
|
|
|
Compass Minerals International, Inc.
|
|
|
14,685
|
|
|
|
78
|
|
|
Deltic Timber Corp.
|
|
|
4,821
|
|
|
|
278
|
|
|
Eagle Materials, Inc.
|
|
|
9,661
|
|
|
|
211
|
|
|
Georgia Gulf Corp.
|
|
|
6,917
|
|
|
|
326
|
|
|
Globe Specialty Metals, Inc.
|
|
|
4,085
|
|
|
|
236
|
|
|
Gold Resource Corp.
|
|
|
4,232
|
|
|
|
798
|
|
|
Graphic Packaging Holding Co.*
|
|
|
4,469
|
|
|
|
153
|
|
|
Greif, Inc., Class A
|
|
|
6,619
|
|
|
|
306
|
|
|
H.B. Fuller Co.
|
|
|
8,941
|
|
|
|
1,731
|
|
|
Hecla Mining Co.
|
|
|
7,790
|
|
|
|
135
|
|
|
Innophos Holdings, Inc.
|
|
|
7,826
|
|
|
|
325
|
|
|
Intrepid Potash, Inc.*
|
|
|
7,586
|
|
|
|
104
|
|
|
Kaiser Aluminum Corp.
|
|
|
5,672
|
|
|
|
261
|
|
|
KapStone Paper and Packaging Corp.*
|
|
|
4,387
|
|
|
|
845
|
|
|
Louisiana-Pacific Corp.*
|
|
|
8,720
|
|
|
|
1,275
|
|
|
McEwen Mining, Inc.*
|
|
|
3,812
|
|
|
|
110
|
|
|
Minerals Technologies, Inc.
|
|
|
7,033
|
|
|
|
442
|
|
|
Olin Corp.
|
|
|
8,946
|
|
|
|
200
|
|
|
OM Group, Inc.*
|
|
|
3,140
|
|
|
|
563
|
|
|
PolyOne Corp.
|
|
|
8,293
|
|
|
|
459
|
|
|
Resolute Forest Products*
|
|
|
4,214
|
|
|
|
150
|
|
|
Schnitzer Steel Industries, Inc., Class A
|
|
|
4,307
|
|
|
|
97
|
|
|
Schweitzer-Mauduit International, Inc.
|
|
|
6,606
|
|
|
|
310
|
|
|
Sensient Technologies Corp.
|
|
|
10,990
|
|
|
|
50
|
|
|
Stepan Co.
|
|
|
4,433
|
|
|
|
715
|
|
|
Stillwater Mining Co.*
|
|
|
6,349
|
|
|
|
434
|
|
|
SunCoke Energy, Inc.*
|
|
|
6,944
|
|
|
|
147
|
|
|
Texas Industries, Inc.
|
|
|
6,140
|
|
|
|
76
|
|
|
US Silica Holdings, Inc.*
|
|
|
787
|
|
|
|
333
|
|
|
Worthington Industries, Inc.
|
|
|
7,226
|
|
|
|
|
|
|
|
|
|
265,639
|
|
|
|
|
|
|
Telecommunication Services - 0.4%
|
|
|
|
|
|
|
2,249
|
|
|
Clearwire Corp., Class A*
|
|
|
2,564
|
|
|
|
1,061
|
|
|
NII Holdings, Inc.*
|
|
|
7,162
|
|
|
|
629
|
|
|
Telephone & Data Systems, Inc.
|
|
|
15,240
|
|
|
|
|
|
|
|
|
|
24,966
|
|
|
|
|
|
|
Utilities - 4.3%
|
|
|
|
|
|
|
211
|
|
|
ALLETE, Inc.
|
|
|
8,748
|
|
|
|
360
|
|
|
Avista Corp.
|
|
|
9,965
|
|
|
|
245
|
|
|
Black Hills Corp.
|
|
|
7,803
|
|
|
|
105
|
|
|
CH Energy Group, Inc.
|
|
|
6,828
|
|
|
|
379
|
|
|
Cleco Corp.
|
|
|
16,585
|
|
|
|
250
|
|
|
El Paso Electric Co.
|
|
|
8,463
|
|
|
|
260
|
|
|
Empire District Electric Co./The
|
|
|
5,590
|
|
|
|
4,788
|
|
|
GenOn Energy, Inc.*
|
|
|
11,395
|
|
|
|
595
|
|
|
Hawaiian Electric Industries, Inc.
|
|
|
16,952
|
|
|
|
308
|
|
|
IDACORP, Inc.
|
|
|
12,998
|
|
|
|
130
|
|
|
Laclede Group, Inc./The
|
|
|
5,431
|
|
|
|
143
|
|
|
MGE Energy, Inc.
|
|
|
6,855
|
|
|
|
258
|
|
|
New Jersey Resources Corp.
|
|
|
11,842
|
|
|
|
165
|
|
|
Northwest Natural Gas Co.
|
|
|
8,034
|
|
|
|
223
|
|
|
NorthWestern Corp.
|
|
|
8,235
|
|
|
|
111
|
|
|
Ormat Technologies, Inc.
|
|
|
1,998
|
|
|
|
445
|
|
|
Piedmont Natural Gas Co., Inc.
|
|
|
14,142
|
|
|
|
449
|
|
|
PNM Resources, Inc.
|
|
|
9,339
|
|
|
|
466
|
|
|
Portland General Electric Co.
|
|
|
12,689
|
|
|
|
185
|
|
|
South Jersey Industries, Inc.
|
|
|
9,779
|
|
|
|
284
|
|
|
Southwest Gas Corp.
|
|
|
12,684
|
|
|
|
313
|
|
|
UIL Holdings Corp.
|
|
|
11,594
|
|
|
|
250
|
|
|
UNS Energy Corp.
|
|
|
10,175
|
|
|
|
502
|
|
|
Vectren Corp.
|
|
|
14,985
|
|
|
|
318
|
|
|
WGL Holdings, Inc.
|
|
|
12,863
|
|
|
|
|
|
|
|
|
|
255,972
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $6,138,788)
|
|
|
6,023,905
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Small Cap Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
95
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $95)
|
|
$
|
95
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $6,138,883) — 100.0%
|
|
|
6,024,000
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
130
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
6,024,130
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
478,123
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(612,507
|
)
|
|
Net unrealized depreciation
|
|
$
|
(134,384
|
)
|
|
Federal income tax cost of investments
|
|
$
|
6,158,384
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Basic Materials Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Aluminum
-
2.3%
|
|
|
|
|
|
|
9,779
|
|
|
Alcoa, Inc.
|
|
$
|
82,828
|
|
|
|
577
|
|
|
Century Aluminum Co.*
|
|
|
3,526
|
|
|
|
154
|
|
|
Kaiser Aluminum Corp.
|
|
|
8,399
|
|
|
|
|
|
|
|
|
|
94,753
|
|
|
|
|
|
|
Building Products
-
2.5%
|
|
|
|
|
|
|
199
|
|
|
Armstrong World Industries, Inc.
|
|
|
7,691
|
|
|
|
448
|
|
|
Lennox International, Inc.
|
|
|
19,564
|
|
|
|
3,307
|
|
|
Masco Corp.
|
|
|
39,783
|
|
|
|
1,046
|
|
|
Owens Corning*
|
|
|
28,096
|
|
|
|
610
|
|
|
USG Corp.*
|
|
|
9,907
|
|
|
|
|
|
|
|
|
|
105,041
|
|
|
|
|
|
|
Coal & Consumable Fuels
-
3.6%
|
|
|
|
|
|
|
2,022
|
|
|
Alpha Natural Resources, Inc.*
|
|
|
14,174
|
|
|
|
1,959
|
|
|
Arch Coal, Inc.
|
|
|
14,124
|
|
|
|
561
|
|
|
Cloud Peak Energy, Inc.*
|
|
|
9,285
|
|
|
|
2,077
|
|
|
CONSOL Energy, Inc.
|
|
|
60,192
|
|
|
|
2,490
|
|
|
Peabody Energy Corp.
|
|
|
51,991
|
|
|
|
|
|
|
|
|
|
149,766
|
|
|
|
|
|
|
Commodity Chemicals
-
0.6%
|
|
|
|
|
|
|
313
|
|
|
Georgia Gulf Corp.
|
|
|
10,260
|
|
|
|
181
|
|
|
Kronos Worldwide, Inc.
|
|
|
3,062
|
|
|
|
180
|
|
|
Westlake Chemical Corp.
|
|
|
10,685
|
|
|
|
|
|
|
|
|
|
24,007
|
|
|
|
|
|
|
Construction Materials
-
2.3%
|
|
|
|
|
|
|
413
|
|
|
Eagle Materials, Inc.
|
|
|
14,352
|
|
|
|
417
|
|
|
Martin Marietta Materials, Inc.
|
|
|
31,333
|
|
|
|
218
|
|
|
Texas Industries, Inc.
|
|
|
9,106
|
|
|
|
1,073
|
|
|
Vulcan Materials Co.
|
|
|
41,568
|
|
|
|
|
|
|
|
|
|
96,359
|
|
|
|
|
|
|
Diversified Chemicals
-
18.6%
|
|
|
|
|
|
|
541
|
|
|
Cabot Corp.
|
|
|
21,099
|
|
|
|
8,581
|
|
|
E.I. du Pont de Nemours & Co.
|
|
|
426,476
|
|
|
|
1,400
|
|
|
Eastman Chemical Co.
|
|
|
73,202
|
|
|
|
1,262
|
|
|
FMC Corp.
|
|
|
69,031
|
|
|
|
1,772
|
|
|
Huntsman Corp.
|
|
|
22,416
|
|
|
|
656
|
|
|
Olin Corp.
|
|
|
13,277
|
|
|
|
1,399
|
|
|
PPG Industries, Inc.
|
|
|
153,135
|
|
|
|
|
|
|
|
|
|
778,636
|
|
|
|
|
|
|
Diversified Metals & Mining
-
9.0%
|
|
|
|
|
|
|
246
|
|
|
AMCOL International Corp.
|
|
|
7,552
|
|
|
|
301
|
|
|
Compass Minerals International, Inc.
|
|
|
21,775
|
|
|
|
8,658
|
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
291,515
|
|
|
|
485
|
|
|
Globe Specialty Metals, Inc.
|
|
|
6,077
|
|
|
|
559
|
|
|
Molycorp, Inc.*
|
|
|
9,738
|
|
|
|
644
|
|
|
SunCoke Energy, Inc.*
|
|
|
10,304
|
|
|
|
761
|
|
|
Titanium Metals Corp.
|
|
|
8,873
|
|
|
|
112
|
|
|
US Silica Holdings, Inc.*
|
|
|
1,159
|
|
|
|
574
|
|
|
Walter Energy, Inc.
|
|
|
19,688
|
|
|
|
|
|
|
|
|
|
376,681
|
|
|
|
|
|
|
Fertilizers & Agricultural Chemicals
-
17.3%
|
|
|
|
|
|
|
604
|
|
|
CF Industries Holdings, Inc.
|
|
|
118,239
|
|
|
|
482
|
|
|
Intrepid Potash, Inc.*
|
|
|
11,250
|
|
|
|
4,921
|
|
|
Monsanto Co.
|
|
|
421,336
|
|
|
|
2,730
|
|
|
Mosaic Co./The
|
|
|
158,640
|
|
|
|
379
|
|
|
Scotts Miracle-Gro Co./The, Class A
|
|
|
15,122
|
|
|
|
|
|
|
|
|
|
724,587
|
|
|
|
|
|
|
Forest Products
-
0.5%
|
|
|
|
|
|
|
116
|
|
|
Deltic Timber Corp.
|
|
|
7,170
|
|
|
|
1,253
|
|
|
Louisiana-Pacific Corp.*
|
|
|
12,931
|
|
|
|
|
|
|
|
|
|
20,101
|
|
|
|
|
|
|
Gold
-
6.4%
|
|
|
|
|
|
|
752
|
|
|
Allied Nevada Gold Corp.*
|
|
|
19,439
|
|
|
|
350
|
|
|
Gold Resource Corp.
|
|
|
6,275
|
|
|
|
4,510
|
|
|
Newmont Mining Corp.
|
|
|
200,560
|
|
|
|
541
|
|
|
Royal Gold, Inc.
|
|
|
40,943
|
|
|
|
|
|
|
|
|
|
267,217
|
|
|
|
|
|
|
Industrial Gases
-
3.5%
|
|
|
|
|
|
|
1,827
|
|
|
Air Products & Chemicals, Inc.
|
|
|
146,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Machinery
-
0.4%
|
|
|
|
|
|
|
738
|
|
|
Harsco Corp.
|
|
|
15,683
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities
-
0.8%
|
|
|
|
|
|
|
1,598
|
|
|
MDU Resources Group, Inc.
|
|
|
35,779
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paper Packaging
-
0.7%
|
|
|
|
|
|
|
923
|
|
|
Sonoco Products Co.
|
|
|
27,976
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paper Products
-
4.3%
|
|
|
|
|
|
|
362
|
|
|
Buckeye Technologies, Inc.
|
|
|
10,903
|
|
|
|
335
|
|
|
Domtar Corp.
|
|
|
24,743
|
|
|
|
3,718
|
|
|
International Paper Co.
|
|
|
121,988
|
|
|
|
387
|
|
|
KapStone Paper and Packaging Corp.*
|
|
|
6,506
|
|
|
|
678
|
|
|
Resolute Forest Products*
|
|
|
6,224
|
|
|
|
144
|
|
|
Schweitzer-Mauduit International, Inc.
|
|
|
9,806
|
|
|
|
|
|
|
|
|
|
180,170
|
|
|
|
|
|
|
Precious Metals & Minerals
-
1.0%
|
|
|
|
|
|
|
825
|
|
|
Coeur d'Alene Mines Corp.*
|
|
|
13,456
|
|
|
|
2,567
|
|
|
Hecla Mining Co.
|
|
|
11,551
|
|
|
|
1,888
|
|
|
McEwen Mining, Inc.*
|
|
|
5,645
|
|
|
|
1,061
|
|
|
Stillwater Mining Co.*
|
|
|
9,422
|
|
|
|
|
|
|
|
|
|
40,074
|
|
|
|
|
|
|
Specialty Chemicals
-
19.1%
|
|
|
|
|
|
|
817
|
|
|
Albemarle Corp.
|
|
|
47,566
|
|
|
|
653
|
|
|
Ashland, Inc.
|
|
|
45,965
|
|
|
|
266
|
|
|
Balchem Corp.
|
|
|
8,866
|
|
|
|
1,442
|
|
|
Celanese Corp.
|
|
|
54,983
|
|
|
|
907
|
|
|
Chemtura Corp.*
|
|
|
12,263
|
|
|
|
423
|
|
|
Cytec Industries, Inc.
|
|
|
26,040
|
|
|
|
2,417
|
|
|
Ecolab, Inc.
|
|
|
158,193
|
|
|
|
455
|
|
|
H.B. Fuller Co.
|
|
|
13,295
|
|
|
|
200
|
|
|
Innophos Holdings, Inc.
|
|
|
11,594
|
|
|
|
739
|
|
|
International Flavors & Fragrances, Inc.
|
|
|
41,192
|
|
|
|
163
|
|
|
Minerals Technologies, Inc.
|
|
|
10,422
|
|
|
|
86
|
|
|
NewMarket Corp.
|
|
|
19,770
|
|
|
|
297
|
|
|
OM Group, Inc.*
|
|
|
4,663
|
|
|
|
835
|
|
|
PolyOne Corp.
|
|
|
12,299
|
|
|
|
642
|
|
|
Rockwood Holdings, Inc.
|
|
|
28,389
|
|
|
|
1,207
|
|
|
RPM International, Inc.
|
|
|
31,985
|
|
|
|
460
|
|
|
Sensient Technologies Corp.
|
|
|
16,307
|
|
|
|
804
|
|
|
Sherwin-Williams Co./The
|
|
|
108,017
|
|
|
|
950
|
|
|
Sigma-Aldrich Corp.
|
|
|
65,740
|
|
|
|
74
|
|
|
Stepan Co.
|
|
|
6,561
|
|
|
|
155
|
|
|
Valhi, Inc.
|
|
|
1,725
|
|
|
|
800
|
|
|
Valspar Corp.
|
|
|
40,160
|
|
|
|
567
|
|
|
W.R. Grace & Co.*
|
|
|
31,775
|
|
|
|
|
|
|
|
|
|
797,770
|
|
|
|
|
|
|
Steel
-
6.8%
|
|
|
|
|
|
|
1,004
|
|
|
AK Steel Holding Corp.
|
|
|
5,341
|
|
|
|
1,316
|
|
|
Cliffs Natural Resources, Inc.
|
|
|
53,811
|
|
|
|
1,062
|
|
|
Commercial Metals Co.
|
|
|
13,689
|
|
|
|
2,622
|
|
|
Nucor Corp.
|
|
|
102,783
|
|
|
|
691
|
|
|
Reliance Steel & Aluminum Co.
|
|
|
35,573
|
|
|
|
223
|
|
|
Schnitzer Steel Industries, Inc., Class A
|
|
|
6,402
|
|
|
|
2,008
|
|
|
Steel Dynamics, Inc.
|
|
|
25,883
|
|
|
|
1,389
|
|
|
United States Steel Corp.
|
|
|
28,683
|
|
|
|
494
|
|
|
Worthington Industries, Inc.
|
|
|
10,720
|
|
|
|
|
|
|
|
|
|
282,885
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Basic Materials Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors
-
0.3%
|
|
|
|
|
|
|
424
|
|
|
Beacon Roofing Supply, Inc.*
|
|
$
|
11,240
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $4,712,511)
|
|
|
4,175,671
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $4,712,511) — 100.0%
|
|
|
4,175,671
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
856
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
4,176,527
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
372,939
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(932,426
|
)
|
|
Net unrealized depreciation
|
|
$
|
(559,487
|
)
|
|
Federal income tax cost of investments
|
|
$
|
4,735,158
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Communication Services Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Alternative Carriers
-
2.5%
|
|
|
|
|
|
|
3,347
|
|
|
Level 3 Communications, Inc.*
|
|
$
|
64,496
|
|
|
|
3,090
|
|
|
tw telecom, inc.*
|
|
|
77,652
|
|
|
|
|
|
|
|
|
|
142,148
|
|
|
|
|
|
|
Application Software
-
0.4%
|
|
|
|
|
|
|
2,458
|
|
|
TiVo, Inc.*
|
|
|
21,360
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cable & Satellite
-
34.0%
|
|
|
|
|
|
|
1,011
|
|
|
AMC Networks, Inc., Class A*
|
|
|
43,837
|
|
|
|
4,589
|
|
|
Cablevision Systems Corp., Class A
|
|
|
70,395
|
|
|
|
819
|
|
|
Charter Communications, Inc., Class A*
|
|
|
62,997
|
|
|
|
13,770
|
|
|
Comcast Corp., Class A
|
|
|
448,213
|
|
|
|
7,006
|
|
|
Comcast Corp., Special, Class A
|
|
|
223,702
|
|
|
|
5,919
|
|
|
DIRECTV, Class A*
|
|
|
293,938
|
|
|
|
4,229
|
|
|
DISH Network Corp., Class A
|
|
|
130,084
|
|
|
|
2,390
|
|
|
Liberty Global, Inc.*
|
|
|
119,118
|
|
|
|
2,791
|
|
|
Liberty Global, Inc., Class A*
|
|
|
147,309
|
|
|
|
3,139
|
|
|
Time Warner Cable, Inc.
|
|
|
266,595
|
|
|
|
5,657
|
|
|
Virgin Media, Inc.
|
|
|
154,889
|
|
|
|
|
|
|
|
|
|
1,961,077
|
|
|
|
|
|
|
Communications Equipment
-
0.4%
|
|
|
|
|
|
|
903
|
|
|
InterDigital, Inc.
|
|
|
24,652
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Data Processing & Outsourced Services
-
0.8%
|
|
|
|
|
|
|
1,331
|
|
|
NeuStar, Inc., Class A*
|
|
|
47,131
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Integrated Telecommunication Services
-
40.4%
|
|
|
|
|
|
|
30,294
|
|
|
AT&T, Inc.
|
|
|
1,148,748
|
|
|
|
6,306
|
|
|
CenturyLink, Inc.
|
|
|
261,951
|
|
|
|
20,319
|
|
|
Frontier Communications Corp.
|
|
|
79,651
|
|
|
|
15,892
|
|
|
Verizon Communications, Inc.
|
|
|
717,365
|
|
|
|
11,982
|
|
|
Windstream Corp.
|
|
|
119,341
|
|
|
|
|
|
|
|
|
|
2,327,056
|
|
|
|
|
|
|
Internet Software & Services
-
3.2%
|
|
|
|
|
|
|
2,197
|
|
|
EarthLink, Inc.
|
|
|
15,049
|
|
|
|
953
|
|
|
Equinix, Inc.*
|
|
|
169,806
|
|
|
|
|
|
|
|
|
|
184,855
|
|
|
|
|
|
|
Specialized REITs
-
4.7%
|
|
|
|
|
|
|
3,764
|
|
|
American Tower Corp.
|
|
|
272,175
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services
-
13.6%
|
|
|
|
|
|
|
7,369
|
|
|
Clearwire Corp., Class A*
|
|
|
8,401
|
|
|
|
3,548
|
|
|
Crown Castle International Corp.*
|
|
|
219,550
|
|
|
|
6,503
|
|
|
MetroPCS Communications, Inc.*
|
|
|
56,966
|
|
|
|
3,485
|
|
|
NII Holdings, Inc.*
|
|
|
23,524
|
|
|
|
2,470
|
|
|
SBA Communications Corp., Class A*
|
|
|
145,878
|
|
|
|
60,928
|
|
|
Sprint Nextel Corp.*
|
|
|
265,646
|
|
|
|
2,065
|
|
|
Telephone & Data Systems, Inc.
|
|
|
50,035
|
|
|
|
303
|
|
|
United States Cellular Corp.*
|
|
|
12,459
|
|
|
|
|
|
|
|
|
|
782,459
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $4,892,122)
|
|
|
5,762,913
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $4,892,122) — 100.0%
|
|
|
5,762,913
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(358
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
5,762,555
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
985,738
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(272,869
|
)
|
|
Net unrealized appreciation
|
|
$
|
712,869
|
|
|
Federal income tax cost of investments
|
|
$
|
5,050,044
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Consumer Cyclical Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Advertising
-
1.4%
|
|
|
|
|
|
|
49
|
|
|
Arbitron, Inc.
|
|
$
|
1,718
|
|
|
|
76
|
|
|
Clear Channel Outdoor Holdings, Inc., Class A*
|
|
|
385
|
|
|
|
813
|
|
|
Interpublic Group of Cos., Inc./The
|
|
|
8,024
|
|
|
|
107
|
|
|
Lamar Advertising Co., Class A*
|
|
|
3,248
|
|
|
|
500
|
|
|
Omnicom Group, Inc.
|
|
|
25,090
|
|
|
|
|
|
|
|
|
|
38,465
|
|
|
|
|
|
|
Apparel Retail
-
7.2%
|
|
|
|
|
|
|
156
|
|
|
Abercrombie & Fitch Co., Class A
|
|
|
5,273
|
|
|
|
148
|
|
|
Aeropostale, Inc.*
|
|
|
2,919
|
|
|
|
361
|
|
|
American Eagle Outfitters, Inc.
|
|
|
7,516
|
|
|
|
89
|
|
|
ANN, Inc.*
|
|
|
2,410
|
|
|
|
234
|
|
|
Ascena Retail Group, Inc.*
|
|
|
4,291
|
|
|
|
50
|
|
|
Buckle, Inc./The
|
|
|
1,933
|
|
|
|
51
|
|
|
Cato Corp./The, Class A
|
|
|
1,428
|
|
|
|
308
|
|
|
Chico's FAS, Inc.
|
|
|
4,719
|
|
|
|
45
|
|
|
Children's Place Retail Stores, Inc./The*
|
|
|
2,286
|
|
|
|
113
|
|
|
Collective Brands, Inc.*
|
|
|
2,432
|
|
|
|
48
|
|
|
DSW, Inc., Class A
|
|
|
2,838
|
|
|
|
136
|
|
|
Express, Inc.*
|
|
|
2,190
|
|
|
|
93
|
|
|
Finish Line, Inc./The, Class A
|
|
|
1,942
|
|
|
|
279
|
|
|
Foot Locker, Inc.
|
|
|
9,213
|
|
|
|
29
|
|
|
Francesca's Holdings Corp.*
|
|
|
911
|
|
|
|
627
|
|
|
Gap, Inc./The
|
|
|
18,490
|
|
|
|
44
|
|
|
Genesco, Inc.*
|
|
|
2,914
|
|
|
|
115
|
|
|
Guess?, Inc.
|
|
|
3,461
|
|
|
|
50
|
|
|
Jos. A. Bank Clothiers, Inc.*
|
|
|
2,113
|
|
|
|
459
|
|
|
Ltd. Brands, Inc.
|
|
|
21,825
|
|
|
|
93
|
|
|
Men's Wearhouse, Inc./The
|
|
|
2,534
|
|
|
|
416
|
|
|
Ross Stores, Inc.
|
|
|
27,639
|
|
|
|
1,361
|
|
|
TJX Cos., Inc.
|
|
|
60,265
|
|
|
|
209
|
|
|
Urban Outfitters, Inc.*
|
|
|
6,385
|
|
|
|
39
|
|
|
Zumiez, Inc.*
|
|
|
1,417
|
|
|
|
|
|
|
|
|
|
199,344
|
|
|
|
|
|
|
Apparel, Accessories & Luxury Goods
-
4.1%
|
|
|
|
|
|
|
93
|
|
|
Carter's, Inc.*
|
|
|
4,712
|
|
|
|
530
|
|
|
Coach, Inc.
|
|
|
26,145
|
|
|
|
27
|
|
|
Columbia Sportswear Co.
|
|
|
1,366
|
|
|
|
174
|
|
|
Fifth & Pacific Cos., Inc.*
|
|
|
1,928
|
|
|
|
95
|
|
|
Fossil, Inc.*
|
|
|
6,811
|
|
|
|
177
|
|
|
Hanesbrands, Inc.*
|
|
|
5,314
|
|
|
|
130
|
|
|
Iconix Brand Group, Inc.*
|
|
|
2,305
|
|
|
|
148
|
|
|
Jones Group, Inc./The
|
|
|
1,564
|
|
|
|
119
|
|
|
PVH Corp.
|
|
|
9,452
|
|
|
|
113
|
|
|
Ralph Lauren Corp.
|
|
|
16,310
|
|
|
|
35
|
|
|
Tumi Holdings, Inc.*
|
|
|
632
|
|
|
|
150
|
|
|
Under Armour, Inc., Class A*
|
|
|
8,166
|
|
|
|
43
|
|
|
Vera Bradley, Inc.*
|
|
|
980
|
|
|
|
162
|
|
|
VF Corp.
|
|
|
24,187
|
|
|
|
75
|
|
|
Warnaco Group, Inc./The*
|
|
|
3,199
|
|
|
|
|
|
|
|
|
|
113,071
|
|
|
|
|
|
|
Auto Parts & Equipment
-
2.7%
|
|
|
|
|
|
|
210
|
|
|
BorgWarner, Inc.*
|
|
|
14,091
|
|
|
|
269
|
|
|
Dana Holding Corp.
|
|
|
3,545
|
|
|
|
48
|
|
|
Dorman Products, Inc.*
|
|
|
1,379
|
|
|
|
46
|
|
|
Federal-Mogul Corp.*
|
|
|
458
|
|
|
|
262
|
|
|
Gentex Corp.
|
|
|
4,195
|
|
|
|
1,247
|
|
|
Johnson Controls, Inc.
|
|
|
30,738
|
|
|
|
183
|
|
|
Lear Corp.
|
|
|
6,506
|
|
|
|
111
|
|
|
Tenneco, Inc.*
|
|
|
3,251
|
|
|
|
190
|
|
|
TRW Automotive Holdings Corp.*
|
|
|
7,467
|
|
|
|
96
|
|
|
Visteon Corp.*
|
|
|
3,113
|
|
|
|
|
|
|
|
|
|
74,743
|
|
|
|
|
|
|
Automobile Manufacturers
-
3.2%
|
|
|
|
|
|
|
6,841
|
|
|
Ford Motor Co.
|
|
|
63,211
|
|
|
|
1,060
|
|
|
General Motors Co.*
|
|
|
20,892
|
|
|
|
102
|
|
|
Tesla Motors, Inc.*
|
|
|
2,797
|
|
|
|
82
|
|
|
Thor Industries, Inc.
|
|
|
2,356
|
|
|
|
|
|
|
|
|
|
89,256
|
|
|
|
|
|
|
Automotive Retail
-
2.6%
|
|
|
|
|
|
|
134
|
|
|
Advance Auto Parts, Inc.
|
|
|
9,400
|
|
|
|
58
|
|
|
Asbury Automotive Group, Inc.*
|
|
|
1,517
|
|
|
|
70
|
|
|
AutoNation, Inc.*
|
|
|
2,760
|
|
|
|
54
|
|
|
AutoZone, Inc.*
|
|
|
20,262
|
|
|
|
414
|
|
|
CarMax, Inc.*
|
|
|
11,522
|
|
|
|
42
|
|
|
Group 1 Automotive, Inc.
|
|
|
2,258
|
|
|
|
56
|
|
|
Monro Muffler Brake, Inc.
|
|
|
1,852
|
|
|
|
233
|
|
|
O'Reilly Automotive, Inc.*
|
|
|
19,977
|
|
|
|
81
|
|
|
Penske Automotive Group, Inc.
|
|
|
1,936
|
|
|
|
66
|
|
|
Sonic Automotive, Inc., Class A
|
|
|
1,130
|
|
|
|
|
|
|
|
|
|
72,614
|
|
|
|
|
|
|
Broadcasting
-
3.3%
|
|
|
|
|
|
|
1,111
|
|
|
CBS Corp., Class B
|
|
|
37,174
|
|
|
|
267
|
|
|
Discovery Communications, Inc., Class A*
|
|
|
13,518
|
|
|
|
188
|
|
|
Discovery Communications, Inc., Class C*
|
|
|
8,765
|
|
|
|
216
|
|
|
Liberty Media Corp. - Liberty Capital, Class A*
|
|
|
20,434
|
|
|
|
119
|
|
|
Pandora Media, Inc.*
|
|
|
1,174
|
|
|
|
159
|
|
|
Scripps Networks Interactive, Inc., Class A
|
|
|
8,562
|
|
|
|
96
|
|
|
Sinclair Broadcast Group, Inc., Class A
|
|
|
979
|
|
|
|
|
|
|
|
|
|
90,606
|
|
|
|
|
|
|
Building Products
-
0.2%
|
|
|
|
|
|
|
282
|
|
|
Fortune Brands Home & Security, Inc.*
|
|
|
6,238
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cable & Satellite
-
0.5%
|
|
|
|
|
|
|
6,928
|
|
|
Sirius XM Radio, Inc.*
|
|
|
14,964
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Casinos & Gaming
-
2.0%
|
|
|
|
|
|
|
2
|
|
|
Caesars Entertainment Corp.*
|
|
|
17
|
|
|
|
24
|
|
|
Churchill Downs, Inc.
|
|
|
1,328
|
|
|
|
722
|
|
|
Las Vegas Sands Corp.
|
|
|
26,295
|
|
|
|
591
|
|
|
MGM Resorts International*
|
|
|
5,626
|
|
|
|
120
|
|
|
Penn National Gaming, Inc.*
|
|
|
4,670
|
|
|
|
112
|
|
|
Scientific Games Corp., Class A*
|
|
|
948
|
|
|
|
99
|
|
|
Shuffle Master, Inc.*
|
|
|
1,446
|
|
|
|
102
|
|
|
WMS Industries, Inc.*
|
|
|
1,874
|
|
|
|
148
|
|
|
Wynn Resorts Ltd.
|
|
|
13,875
|
|
|
|
|
|
|
|
|
|
56,079
|
|
|
|
|
|
|
Catalog Retail
-
0.8%
|
|
|
|
|
|
|
74
|
|
|
HSN, Inc.
|
|
|
3,135
|
|
|
|
1,051
|
|
|
Liberty Interactive Corp., Class A*
|
|
|
19,685
|
|
|
|
|
|
|
|
|
|
22,820
|
|
|
|
|
|
|
Computer & Electronics Retail
-
0.5%
|
|
|
|
|
|
|
512
|
|
|
Best Buy Co., Inc.
|
|
|
9,262
|
|
|
|
242
|
|
|
GameStop Corp., Class A
|
|
|
3,877
|
|
|
|
|
|
|
|
|
|
13,139
|
|
|
|
|
|
|
Construction & Farm Machinery & Heavy Trucks
-
0.3%
|
|
|
|
|
|
|
77
|
|
|
Titan International, Inc.
|
|
|
1,592
|
|
|
|
120
|
|
|
WABCO Holdings, Inc.*
|
|
|
6,590
|
|
|
|
|
|
|
|
|
|
8,182
|
|
|
|
|
|
|
Consumer Finance
-
0.1%
|
|
|
|
|
|
|
80
|
|
|
Ezcorp, Inc., Class A*
|
|
|
1,800
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Consumer Cyclical Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Department Stores
-
2.9%
|
|
|
|
|
|
|
64
|
|
|
Dillard's, Inc., Class A
|
|
$
|
4,175
|
|
|
|
280
|
|
|
J.C. Penney Co., Inc.
|
|
|
6,303
|
|
|
|
415
|
|
|
Kohl's Corp.
|
|
|
20,634
|
|
|
|
770
|
|
|
Macy's, Inc.
|
|
|
27,597
|
|
|
|
298
|
|
|
Nordstrom, Inc.
|
|
|
16,133
|
|
|
|
205
|
|
|
Saks, Inc.*
|
|
|
2,138
|
|
|
|
84
|
|
|
Sears Holdings Corp.*
|
|
|
4,157
|
|
|
|
|
|
|
|
|
|
81,137
|
|
|
|
|
|
|
Distributors
-
0.1%
|
|
|
|
|
|
|
89
|
|
|
Pool Corp.
|
|
|
3,280
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Support Services
-
0.6%
|
|
|
|
|
|
|
205
|
|
|
Cintas Corp.
|
|
|
8,124
|
|
|
|
207
|
|
|
Copart, Inc.*
|
|
|
4,918
|
|
|
|
60
|
|
|
KAR Auction Services, Inc.*
|
|
|
961
|
|
|
|
27
|
|
|
UniFirst Corp.
|
|
|
1,691
|
|
|
|
|
|
|
|
|
|
15,694
|
|
|
|
|
|
|
Electronic Components
-
0.1%
|
|
|
|
|
|
|
94
|
|
|
Dolby Laboratories, Inc., Class A*
|
|
|
3,313
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Footwear
-
2.8%
|
|
|
|
|
|
|
164
|
|
|
Crocs, Inc.*
|
|
|
2,517
|
|
|
|
71
|
|
|
Deckers Outdoor Corp.*
|
|
|
2,961
|
|
|
|
676
|
|
|
NIKE, Inc., Class B
|
|
|
63,105
|
|
|
|
71
|
|
|
Skechers U.S.A., Inc., Class A*
|
|
|
1,416
|
|
|
|
74
|
|
|
Steven Madden Ltd.*
|
|
|
2,992
|
|
|
|
89
|
|
|
Wolverine World Wide, Inc.
|
|
|
3,954
|
|
|
|
|
|
|
|
|
|
76,945
|
|
|
|
|
|
|
Home Furnishings
-
0.6%
|
|
|
|
|
|
|
255
|
|
|
Leggett & Platt, Inc.
|
|
|
5,911
|
|
|
|
101
|
|
|
Mohawk Industries, Inc.*
|
|
|
6,710
|
|
|
|
117
|
|
|
Tempur-Pedic International, Inc.*
|
|
|
3,333
|
|
|
|
|
|
|
|
|
|
15,954
|
|
|
|
|
|
|
Home Improvement Retail
-
7.4%
|
|
|
|
|
|
|
2,829
|
|
|
Home Depot, Inc./The
|
|
|
147,617
|
|
|
|
2,202
|
|
|
Lowe's Cos., Inc.
|
|
|
55,865
|
|
|
|
|
|
|
|
|
|
203,482
|
|
|
|
|
|
|
Homebuilding
-
1.7%
|
|
|
|
|
|
|
511
|
|
|
D.R. Horton, Inc.
|
|
|
9,009
|
|
|
|
290
|
|
|
Lennar Corp., Class A
|
|
|
8,471
|
|
|
|
18
|
|
|
Lennar Corp., Class B
|
|
|
409
|
|
|
|
67
|
|
|
MDC Holdings, Inc.
|
|
|
2,135
|
|
|
|
49
|
|
|
Meritage Homes Corp.*
|
|
|
1,720
|
|
|
|
9
|
|
|
NVR, Inc.*
|
|
|
6,966
|
|
|
|
618
|
|
|
PulteGroup, Inc.*
|
|
|
6,983
|
|
|
|
81
|
|
|
Ryland Group, Inc./The
|
|
|
1,934
|
|
|
|
199
|
|
|
Standard Pacific Corp.*
|
|
|
1,128
|
|
|
|
272
|
|
|
Toll Brothers, Inc.*
|
|
|
7,934
|
|
|
|
|
|
|
|
|
|
46,689
|
|
|
|
|
|
|
Homefurnishing Retail
-
1.4%
|
|
|
|
|
|
|
429
|
|
|
Bed Bath & Beyond, Inc.*
|
|
|
26,148
|
|
|
|
23
|
|
|
Mattress Firm Holding Corp.*
|
|
|
671
|
|
|
|
201
|
|
|
Pier 1 Imports, Inc.
|
|
|
3,314
|
|
|
|
102
|
|
|
Select Comfort Corp.*
|
|
|
2,653
|
|
|
|
164
|
|
|
Williams-Sonoma, Inc.
|
|
|
5,699
|
|
|
|
|
|
|
|
|
|
38,485
|
|
|
|
|
|
|
Hotels, Resorts & Cruise Lines
-
3.5%
|
|
|
|
|
|
|
738
|
|
|
Carnival Corp.
|
|
|
24,561
|
|
|
|
51
|
|
|
Choice Hotels International, Inc.
|
|
|
2,044
|
|
|
|
77
|
|
|
Gaylord Entertainment Co.*
|
|
|
2,830
|
|
|
|
84
|
|
|
Hyatt Hotels Corp., Class A*
|
|
|
2,986
|
|
|
|
72
|
|
|
Interval Leisure Group, Inc.
|
|
|
1,321
|
|
|
|
530
|
|
|
Marriott International, Inc., Class A
|
|
|
19,303
|
|
|
|
57
|
|
|
Marriott Vacations Worldwide Corp.*
|
|
|
1,768
|
|
|
|
174
|
|
|
Orient-Express Hotels Ltd., Class A*
|
|
|
1,587
|
|
|
|
251
|
|
|
Royal Caribbean Cruises Ltd.
|
|
|
6,270
|
|
|
|
363
|
|
|
Starwood Hotels & Resorts Worldwide, Inc.
|
|
|
19,656
|
|
|
|
268
|
|
|
Wyndham Worldwide Corp.
|
|
|
13,949
|
|
|
|
|
|
|
|
|
|
96,275
|
|
|
|
|
|
|
Housewares & Specialties
-
0.2%
|
|
|
|
|
|
|
145
|
|
|
Jarden Corp.
|
|
|
6,554
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates
-
0.2%
|
|
|
|
|
|
|
112
|
|
|
Carlisle Cos., Inc.
|
|
|
5,655
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Internet Retail
-
8.2%
|
|
|
|
|
|
|
647
|
|
|
Amazon.com, Inc.*
|
|
|
150,945
|
|
|
|
179
|
|
|
Expedia, Inc.
|
|
|
10,201
|
|
|
|
102
|
|
|
Netflix, Inc.*
|
|
|
5,799
|
|
|
|
91
|
|
|
priceline.com, Inc.*
|
|
|
60,218
|
|
|
|
|
|
|
|
|
|
227,163
|
|
|
|
|
|
|
Internet Software & Services
-
3.4%
|
|
|
|
|
|
|
2,033
|
|
|
eBay, Inc.*
|
|
|
90,062
|
|
|
|
42
|
|
|
Liquidity Services, Inc.*
|
|
|
1,920
|
|
|
|
20
|
|
|
Millennial Media, Inc.*
|
|
|
199
|
|
|
|
68
|
|
|
VistaPrint N.V.*
|
|
|
2,346
|
|
|
|
|
|
|
|
|
|
94,527
|
|
|
|
|
|
|
Leisure Facilities
-
0.5%
|
|
|
|
|
|
|
50
|
|
|
International Speedway Corp., Class A
|
|
|
1,282
|
|
|
|
74
|
|
|
Life Time Fitness, Inc.*
|
|
|
3,360
|
|
|
|
101
|
|
|
Six Flags Entertainment Corp.
|
|
|
5,819
|
|
|
|
66
|
|
|
Vail Resorts, Inc.
|
|
|
3,276
|
|
|
|
|
|
|
|
|
|
13,737
|
|
|
|
|
|
|
Leisure Products
-
1.6%
|
|
|
|
|
|
|
162
|
|
|
Brunswick Corp.
|
|
|
3,562
|
|
|
|
213
|
|
|
Hasbro, Inc.
|
|
|
7,630
|
|
|
|
621
|
|
|
Mattel, Inc.
|
|
|
21,841
|
|
|
|
119
|
|
|
Polaris Industries, Inc.
|
|
|
8,944
|
|
|
|
35
|
|
|
Sturm Ruger & Co., Inc.
|
|
|
1,730
|
|
|
|
|
|
|
|
|
|
43,707
|
|
|
|
|
|
|
Metal & Glass Containers
-
1.4%
|
|
|
|
|
|
|
113
|
|
|
Aptargroup, Inc.
|
|
|
5,651
|
|
|
|
287
|
|
|
Ball Corp.
|
|
|
11,928
|
|
|
|
273
|
|
|
Crown Holdings, Inc.*
|
|
|
9,801
|
|
|
|
45
|
|
|
Greif, Inc., Class A
|
|
|
1,946
|
|
|
|
305
|
|
|
Owens-Illinois, Inc.*
|
|
|
5,627
|
|
|
|
86
|
|
|
Silgan Holdings, Inc.
|
|
|
3,544
|
|
|
|
|
|
|
|
|
|
38,497
|
|
|
|
|
|
|
Motorcycle Manufacturers
-
0.7%
|
|
|
|
|
|
|
426
|
|
|
Harley-Davidson, Inc.
|
|
|
18,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Movies & Entertainment
-
13.4%
|
|
|
|
|
|
|
180
|
|
|
Cinemark Holdings, Inc.
|
|
|
4,208
|
|
|
|
125
|
|
|
DreamWorks Animation SKG, Inc., Class A*
|
|
|
2,400
|
|
|
|
169
|
|
|
Lions Gate Entertainment Corp.*
|
|
|
2,273
|
|
|
|
296
|
|
|
Live Nation Entertainment, Inc.*
|
|
|
2,640
|
|
|
|
113
|
|
|
Madison Square Garden Co./The, Class A*
|
|
|
4,096
|
|
|
|
3,077
|
|
|
News Corp., Class A
|
|
|
70,833
|
|
|
|
798
|
|
|
News Corp., Class B
|
|
|
18,506
|
|
|
|
145
|
|
|
Regal Entertainment Group, Class A
|
|
|
2,004
|
|
|
|
1,762
|
|
|
Time Warner, Inc.
|
|
|
68,929
|
|
|
|
19
|
|
|
Viacom, Inc., Class A
|
|
|
928
|
|
|
|
898
|
|
|
Viacom, Inc., Class B
|
|
|
41,946
|
|
|
|
3,055
|
|
|
Walt Disney Co./The
|
|
|
150,123
|
|
|
|
|
|
|
|
|
|
368,886
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Consumer Cyclical Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Office Services & Supplies
-
0.1%
|
|
|
|
|
|
|
108
|
|
|
Interface, Inc.
|
|
$
|
1,432
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paper Packaging
-
0.9%
|
|
|
|
|
|
|
190
|
|
|
Bemis Co., Inc.
|
|
|
5,842
|
|
|
|
235
|
|
|
Graphic Packaging Holding Co.*
|
|
|
1,316
|
|
|
|
185
|
|
|
Packaging Corp. of America
|
|
|
5,696
|
|
|
|
131
|
|
|
Rock-Tenn Co., Class A
|
|
|
7,627
|
|
|
|
330
|
|
|
Sealed Air Corp.
|
|
|
5,346
|
|
|
|
|
|
|
|
|
|
25,827
|
|
|
|
|
|
|
Paper Products
-
0.3%
|
|
|
|
|
|
|
317
|
|
|
MeadWestvaco Corp.
|
|
|
9,003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publishing
-
1.5%
|
|
|
|
|
|
|
430
|
|
|
Gannett Co., Inc.
|
|
|
6,067
|
|
|
|
94
|
|
|
John Wiley & Sons, Inc., Class A
|
|
|
4,479
|
|
|
|
511
|
|
|
McGraw-Hill Cos., Inc./The
|
|
|
23,996
|
|
|
|
67
|
|
|
Meredith Corp.
|
|
|
2,214
|
|
|
|
237
|
|
|
New York Times Co./The, Class A*
|
|
|
1,837
|
|
|
|
44
|
|
|
Scholastic Corp.
|
|
|
1,326
|
|
|
|
78
|
|
|
Valassis Communications, Inc.*
|
|
|
1,759
|
|
|
|
|
|
|
|
|
|
41,678
|
|
|
|
|
|
|
Restaurants
-
12.9%
|
|
|
|
|
|
|
43
|
|
|
BJ's Restaurants, Inc.*
|
|
|
1,702
|
|
|
|
54
|
|
|
Bob Evans Farms, Inc.
|
|
|
2,080
|
|
|
|
138
|
|
|
Brinker International, Inc.
|
|
|
4,473
|
|
|
|
34
|
|
|
Buffalo Wild Wings, Inc.*
|
|
|
2,468
|
|
|
|
96
|
|
|
Cheesecake Factory, Inc./The*
|
|
|
3,218
|
|
|
|
58
|
|
|
Chipotle Mexican Grill, Inc.*
|
|
|
16,955
|
|
|
|
42
|
|
|
Cracker Barrel Old Country Store, Inc.
|
|
|
2,632
|
|
|
|
236
|
|
|
Darden Restaurants, Inc.
|
|
|
12,078
|
|
|
|
29
|
|
|
DineEquity, Inc.*
|
|
|
1,546
|
|
|
|
101
|
|
|
Domino's Pizza, Inc.
|
|
|
3,448
|
|
|
|
143
|
|
|
Dunkin' Brands Group, Inc.
|
|
|
4,330
|
|
|
|
81
|
|
|
Jack in the Box, Inc.*
|
|
|
2,186
|
|
|
|
1,865
|
|
|
McDonald's Corp.
|
|
|
166,656
|
|
|
|
52
|
|
|
Panera Bread Co., Class A*
|
|
|
8,190
|
|
|
|
34
|
|
|
Papa John's International, Inc.*
|
|
|
1,734
|
|
|
|
1,392
|
|
|
Starbucks Corp.
|
|
|
63,030
|
|
|
|
119
|
|
|
Texas Roadhouse, Inc.
|
|
|
2,060
|
|
|
|
572
|
|
|
Wendy's Co./The
|
|
|
2,625
|
|
|
|
845
|
|
|
Yum! Brands, Inc.
|
|
|
54,790
|
|
|
|
|
|
|
|
|
|
356,201
|
|
|
|
|
|
|
Specialized Consumer Services
-
0.9%
|
|
|
|
|
|
|
56
|
|
|
Coinstar, Inc.*
|
|
|
2,660
|
|
|
|
538
|
|
|
H&R Block, Inc.
|
|
|
8,678
|
|
|
|
52
|
|
|
Matthews International Corp., Class A
|
|
|
1,508
|
|
|
|
106
|
|
|
Regis Corp.
|
|
|
1,794
|
|
|
|
399
|
|
|
Service Corp. International
|
|
|
5,127
|
|
|
|
124
|
|
|
Sotheby's
|
|
|
3,639
|
|
|
|
34
|
|
|
Weight Watchers International, Inc.
|
|
|
1,720
|
|
|
|
|
|
|
|
|
|
25,126
|
|
|
|
|
|
|
Specialty Stores
-
3.5%
|
|
|
|
|
|
|
76
|
|
|
Barnes & Noble, Inc.*
|
|
|
1,008
|
|
|
|
90
|
|
|
Cabela's, Inc.*
|
|
|
4,135
|
|
|
|
175
|
|
|
Dick's Sporting Goods, Inc.
|
|
|
8,596
|
|
|
|
49
|
|
|
Hibbett Sports, Inc.*
|
|
|
2,978
|
|
|
|
199
|
|
|
PetSmart, Inc.
|
|
|
13,156
|
|
|
|
287
|
|
|
Sally Beauty Holdings, Inc.*
|
|
|
7,583
|
|
|
|
158
|
|
|
Signet Jewelers Ltd.
|
|
|
6,939
|
|
|
|
1,269
|
|
|
Staples, Inc.
|
|
|
16,167
|
|
|
|
232
|
|
|
Tiffany & Co.
|
|
|
12,744
|
|
|
|
131
|
|
|
Tractor Supply Co.
|
|
|
11,904
|
|
|
|
106
|
|
|
Ulta Salon Cosmetics & Fragrance, Inc.
|
|
|
8,997
|
|
|
|
51
|
|
|
Vitamin Shoppe, Inc.*
|
|
|
2,801
|
|
|
|
|
|
|
|
|
|
97,008
|
|
|
|
|
|
|
Tires & Rubber
-
0.3%
|
|
|
|
|
|
|
114
|
|
|
Cooper Tire & Rubber Co.
|
|
|
1,992
|
|
|
|
449
|
|
|
Goodyear Tire & Rubber Co./The*
|
|
|
5,141
|
|
|
|
|
|
|
|
|
|
7,133
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $2,501,221)
|
|
|
2,763,125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
1,139
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $1,139)
|
|
|
1,139
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $2,502,360) — 100.0%
|
|
|
2,764,264
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(1,244
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
2,763,020
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
461,112
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(200,785
|
)
|
|
Net unrealized appreciation
|
|
$
|
260,327
|
|
|
Federal income tax cost of investments
|
|
$
|
2,503,937
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Consumer Defensive Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Agricultural Products
-
1.9%
|
|
|
|
|
|
|
2,284
|
|
|
Archer-Daniels-Midland Co.
|
|
$
|
59,590
|
|
|
|
559
|
|
|
Bunge Ltd.
|
|
|
36,765
|
|
|
|
145
|
|
|
Fresh Del Monte Produce, Inc.
|
|
|
3,553
|
|
|
|
288
|
|
|
Ingredion, Inc.
|
|
|
14,953
|
|
|
|
|
|
|
|
|
|
114,861
|
|
|
|
|
|
|
Brewers
-
0.1%
|
|
|
|
|
|
|
33
|
|
|
Boston Beer Co., Inc./The, Class A*
|
|
|
3,555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distillers & Vintners
-
1.5%
|
|
|
|
|
|
|
599
|
|
|
Beam, Inc.
|
|
|
37,665
|
|
|
|
326
|
|
|
Brown-Forman Corp., Class B
|
|
|
30,500
|
|
|
|
670
|
|
|
Constellation Brands, Inc., Class A*
|
|
|
18,901
|
|
|
|
|
|
|
|
|
|
87,066
|
|
|
|
|
|
|
Drug Retail
-
5.7%
|
|
|
|
|
|
|
4,869
|
|
|
CVS Caremark Corp.
|
|
|
220,322
|
|
|
|
2,304
|
|
|
Rite Aid Corp.*
|
|
|
2,673
|
|
|
|
3,278
|
|
|
Walgreen Co.
|
|
|
119,188
|
|
|
|
|
|
|
|
|
|
342,183
|
|
|
|
|
|
|
Education Services
-
0.4%
|
|
|
|
|
|
|
430
|
|
|
Apollo Group, Inc., Class A*
|
|
|
11,696
|
|
|
|
70
|
|
|
Bridgepoint Education, Inc.*
|
|
|
637
|
|
|
|
218
|
|
|
DeVry, Inc.
|
|
|
4,279
|
|
|
|
102
|
|
|
Education Management Corp.*
|
|
|
384
|
|
|
|
101
|
|
|
ITT Educational Services, Inc.*
|
|
|
3,921
|
|
|
|
138
|
|
|
K12, Inc.*
|
|
|
2,495
|
|
|
|
46
|
|
|
Strayer Education, Inc.
|
|
|
3,342
|
|
|
|
|
|
|
|
|
|
26,754
|
|
|
|
|
|
|
Food Distributors
-
1.3%
|
|
|
|
|
|
|
71
|
|
|
Andersons, Inc./The
|
|
|
2,696
|
|
|
|
2,239
|
|
|
Sysco Corp.
|
|
|
65,804
|
|
|
|
184
|
|
|
United Natural Foods, Inc.*
|
|
|
9,991
|
|
|
|
|
|
|
|
|
|
78,491
|
|
|
|
|
|
|
Food Retail
-
2.4%
|
|
|
|
|
|
|
144
|
|
|
Casey's General Stores, Inc.
|
|
|
8,558
|
|
|
|
117
|
|
|
Fresh Market, Inc./The*
|
|
|
6,890
|
|
|
|
164
|
|
|
Harris Teeter Supermarkets, Inc.
|
|
|
6,780
|
|
|
|
1,984
|
|
|
Kroger Co./The
|
|
|
43,985
|
|
|
|
915
|
|
|
Safeway, Inc.
|
|
|
14,228
|
|
|
|
804
|
|
|
SUPERVALU, Inc.
|
|
|
1,986
|
|
|
|
43
|
|
|
Weis Markets, Inc.
|
|
|
1,872
|
|
|
|
617
|
|
|
Whole Foods Market, Inc.
|
|
|
56,628
|
|
|
|
|
|
|
|
|
|
140,927
|
|
|
|
|
|
|
General Merchandise Stores
-
4.4%
|
|
|
|
|
|
|
249
|
|
|
Big Lots, Inc.*
|
|
|
10,087
|
|
|
|
833
|
|
|
Dollar General Corp.*
|
|
|
42,491
|
|
|
|
881
|
|
|
Dollar Tree, Inc.*
|
|
|
44,350
|
|
|
|
421
|
|
|
Family Dollar Stores, Inc.
|
|
|
27,820
|
|
|
|
2,276
|
|
|
Target Corp.
|
|
|
138,039
|
|
|
|
|
|
|
|
|
|
262,787
|
|
|
|
|
|
|
Household Appliances
-
0.0%†
|
|
|
|
|
|
|
112
|
|
|
Helen of Troy Ltd.*
|
|
|
3,412
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Household Products
-
17.9%
|
|
|
|
|
|
|
528
|
|
|
Church & Dwight Co., Inc.
|
|
|
30,418
|
|
|
|
494
|
|
|
Clorox Co./The
|
|
|
35,919
|
|
|
|
1,668
|
|
|
Colgate-Palmolive Co.
|
|
|
179,076
|
|
|
|
248
|
|
|
Energizer Holdings, Inc.*
|
|
|
19,287
|
|
|
|
1,493
|
|
|
Kimberly-Clark Corp.
|
|
|
129,757
|
|
|
|
10,441
|
|
|
Procter & Gamble Co./The
|
|
|
673,862
|
|
|
|
|
|
|
|
|
|
1,068,319
|
|
|
|
|
|
|
Housewares & Specialties
-
0.5%
|
|
|
|
|
|
|
1,103
|
|
|
Newell Rubbermaid, Inc.
|
|
|
19,468
|
|
|
|
213
|
|
|
Tupperware Brands Corp.
|
|
|
11,166
|
|
|
|
|
|
|
|
|
|
30,634
|
|
|
|
|
|
|
Hypermarkets & Super Centers
-
11.0%
|
|
|
|
|
|
|
1,647
|
|
|
Costco Wholesale Corp.
|
|
|
158,408
|
|
|
|
69
|
|
|
Pricesmart, Inc.
|
|
|
4,969
|
|
|
|
6,636
|
|
|
Wal-Mart Stores, Inc.
|
|
|
493,918
|
|
|
|
|
|
|
|
|
|
657,295
|
|
|
|
|
|
|
Industrial Conglomerates
-
0.0%†
|
|
|
|
|
|
|
1
|
|
|
Seaboard Corp.*
|
|
|
2,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaged Foods & Meats
-
13.9%
|
|
|
|
|
|
|
182
|
|
|
B&G Foods, Inc.
|
|
|
5,096
|
|
|
|
51
|
|
|
Cal-Maine Foods, Inc.
|
|
|
1,924
|
|
|
|
746
|
|
|
Campbell Soup Co.
|
|
|
24,700
|
|
|
|
1,575
|
|
|
ConAgra Foods, Inc.
|
|
|
38,887
|
|
|
|
699
|
|
|
Dean Foods Co.*
|
|
|
8,647
|
|
|
|
137
|
|
|
Dole Food Co., Inc.*
|
|
|
1,612
|
|
|
|
524
|
|
|
Flowers Foods, Inc.
|
|
|
11,198
|
|
|
|
2,300
|
|
|
General Mills, Inc.
|
|
|
89,010
|
|
|
|
466
|
|
|
Green Mountain Coffee Roasters, Inc.*
|
|
|
8,509
|
|
|
|
1,223
|
|
|
H.J. Heinz Co.
|
|
|
67,522
|
|
|
|
143
|
|
|
Hain Celestial Group, Inc./The*
|
|
|
7,964
|
|
|
|
582
|
|
|
Hershey Co./The
|
|
|
41,753
|
|
|
|
446
|
|
|
Hillshire Brands Co.
|
|
|
11,422
|
|
|
|
539
|
|
|
Hormel Foods Corp.
|
|
|
15,043
|
|
|
|
53
|
|
|
J&J Snack Foods Corp.
|
|
|
3,063
|
|
|
|
426
|
|
|
J.M. Smucker Co./The
|
|
|
32,717
|
|
|
|
922
|
|
|
Kellogg Co.
|
|
|
43,979
|
|
|
|
6,711
|
|
|
Kraft Foods, Inc., Class A
|
|
|
266,494
|
|
|
|
75
|
|
|
Lancaster Colony Corp.
|
|
|
5,197
|
|
|
|
455
|
|
|
McCormick & Co., Inc.
|
|
|
27,700
|
|
|
|
777
|
|
|
Mead Johnson Nutrition Co.
|
|
|
56,690
|
|
|
|
216
|
|
|
Pilgrim's Pride Corp.*
|
|
|
1,004
|
|
|
|
208
|
|
|
Ralcorp Holdings, Inc.*
|
|
|
12,411
|
|
|
|
79
|
|
|
Sanderson Farms, Inc.
|
|
|
2,910
|
|
|
|
572
|
|
|
Smithfield Foods, Inc.*
|
|
|
10,582
|
|
|
|
237
|
|
|
Snyders-Lance, Inc.
|
|
|
5,553
|
|
|
|
110
|
|
|
Tootsie Roll Industries, Inc.
|
|
|
2,693
|
|
|
|
136
|
|
|
TreeHouse Foods, Inc.*
|
|
|
7,615
|
|
|
|
1,138
|
|
|
Tyson Foods, Inc., Class A
|
|
|
17,081
|
|
|
|
|
|
|
|
|
|
828,976
|
|
|
|
|
|
|
Personal Products
-
1.9%
|
|
|
|
|
|
|
1,637
|
|
|
Avon Products, Inc.
|
|
|
25,357
|
|
|
|
105
|
|
|
Elizabeth Arden, Inc.*
|
|
|
4,096
|
|
|
|
886
|
|
|
Estee Lauder Cos., Inc./The, Class A
|
|
|
46,409
|
|
|
|
442
|
|
|
Herbalife Ltd.
|
|
|
24,261
|
|
|
|
223
|
|
|
Nu Skin Enterprises, Inc., Class A
|
|
|
11,375
|
|
|
|
45
|
|
|
Revlon, Inc., Class A*
|
|
|
655
|
|
|
|
|
|
|
|
|
|
112,153
|
|
|
|
|
|
|
Publishing
-
0.1%
|
|
|
|
|
|
|
18
|
|
|
Washington Post Co./The, Class B
|
|
|
6,093
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restaurants
-
0.1%
|
|
|
|
|
|
|
50
|
|
|
Peet's Coffee & Tea, Inc.*
|
|
|
3,770
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Soft Drinks
-
19.8%
|
|
|
|
|
|
|
7,935
|
|
|
Coca-Cola Co./The
|
|
|
641,148
|
|
|
|
1,141
|
|
|
Coca-Cola Enterprises, Inc.
|
|
|
33,454
|
|
|
|
806
|
|
|
Dr. Pepper Snapple Group, Inc.
|
|
|
36,737
|
|
|
|
582
|
|
|
Monster Beverage Corp.*
|
|
|
38,686
|
|
|
|
5,940
|
|
|
PepsiCo, Inc.
|
|
|
432,016
|
|
|
|
|
|
|
|
|
|
1,182,041
|
|
|
|
|
|
|
Specialty Stores
-
0.2%
|
|
|
|
|
|
|
292
|
|
|
GNC Holdings, Inc., Class A
|
|
|
11,251
|
|
|
|
27
|
|
|
Teavana Holdings, Inc.*
|
|
|
302
|
|
|
|
|
|
|
|
|
|
11,553
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Consumer Defensive Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Tobacco
-
16.9%
|
|
|
|
|
|
|
7,773
|
|
|
Altria Group, Inc.
|
|
$
|
279,595
|
|
|
|
496
|
|
|
Lorillard, Inc.
|
|
|
63,806
|
|
|
|
6,543
|
|
|
Philip Morris International, Inc.
|
|
|
598,292
|
|
|
|
1,260
|
|
|
Reynolds American, Inc.
|
|
|
58,300
|
|
|
|
89
|
|
|
Universal Corp.
|
|
|
4,053
|
|
|
|
199
|
|
|
Vector Group Ltd.
|
|
|
3,381
|
|
|
|
|
|
|
|
|
|
1,007,427
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $5,000,167)
|
|
|
5,970,497
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $5,000,167) — 100.0%
|
|
|
5,970,497
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
179
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
5,970,676
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
1,065,572
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(116,213
|
)
|
|
Net unrealized appreciation
|
|
$
|
949,359
|
|
|
Federal income tax cost of investments
|
|
$
|
5,021,138
|
|
See accompanying notes to schedules of
portfolio investments.
FocusShares Trust
Focus Morningstar Energy Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Gas Utilities
-
1.0%
|
|
|
|
|
|
|
1,007
|
|
|
ONEOK, Inc.
|
|
$
|
44,822
|
|
|
|
923
|
|
|
Questar Corp.
|
|
|
18,783
|
|
|
|
|
|
|
|
|
|
63,605
|
|
|
|
|
|
|
Integrated Oil & Gas
-
39.1%
|
|
|
|
|
|
|
7,265
|
|
|
Chevron Corp.
|
|
|
796,099
|
|
|
|
15,418
|
|
|
Exxon Mobil Corp.
|
|
|
1,339,053
|
|
|
|
1,611
|
|
|
Hess Corp.
|
|
|
75,975
|
|
|
|
1,007
|
|
|
Murphy Oil Corp.
|
|
|
54,036
|
|
|
|
4,217
|
|
|
Occidental Petroleum Corp.
|
|
|
367,005
|
|
|
|
|
|
|
|
|
|
2,632,168
|
|
|
|
|
|
|
Oil & Gas Drilling
-
2.6%
|
|
|
|
|
|
|
293
|
|
|
Atwood Oceanics, Inc.*
|
|
|
13,047
|
|
|
|
341
|
|
|
Diamond Offshore Drilling, Inc.
|
|
|
22,308
|
|
|
|
512
|
|
|
Helmerich & Payne, Inc.
|
|
|
23,808
|
|
|
|
1,497
|
|
|
Nabors Industries Ltd.*
|
|
|
20,719
|
|
|
|
1,361
|
|
|
Noble Corp.*
|
|
|
50,357
|
|
|
|
805
|
|
|
Patterson-UTI Energy, Inc.
|
|
|
12,461
|
|
|
|
647
|
|
|
Rowan Cos. plc, Class A*
|
|
|
22,729
|
|
|
|
250
|
|
|
Unit Corp.*
|
|
|
9,940
|
|
|
|
|
|
|
|
|
|
175,369
|
|
|
|
|
|
|
Oil & Gas Equipment & Services
-
17.8%
|
|
|
|
|
|
|
2,262
|
|
|
Baker Hughes, Inc.
|
|
|
104,776
|
|
|
|
176
|
|
|
Bristow Group, Inc.
|
|
|
8,056
|
|
|
|
235
|
|
|
C&J Energy Services, Inc.*
|
|
|
4,413
|
|
|
|
1,283
|
|
|
Cameron International Corp.*
|
|
|
64,496
|
|
|
|
104
|
|
|
CARBO Ceramics, Inc.
|
|
|
6,675
|
|
|
|
247
|
|
|
Core Laboratories N.V.
|
|
|
27,555
|
|
|
|
392
|
|
|
Dresser-Rand Group, Inc.*
|
|
|
18,232
|
|
|
|
189
|
|
|
Dril-Quip, Inc.*
|
|
|
13,856
|
|
|
|
333
|
|
|
Exterran Holdings, Inc.*
|
|
|
4,918
|
|
|
|
1,250
|
|
|
FMC Technologies, Inc.*
|
|
|
56,400
|
|
|
|
83
|
|
|
Forum Energy Technologies, Inc.*
|
|
|
1,730
|
|
|
|
138
|
|
|
Gulfmark Offshore, Inc., Class A*
|
|
|
4,961
|
|
|
|
4,789
|
|
|
Halliburton Co.
|
|
|
158,660
|
|
|
|
524
|
|
|
Helix Energy Solutions Group, Inc.*
|
|
|
9,369
|
|
|
|
169
|
|
|
Hornbeck Offshore Services, Inc.*
|
|
|
7,157
|
|
|
|
785
|
|
|
Key Energy Services, Inc.*
|
|
|
6,288
|
|
|
|
175
|
|
|
Lufkin Industries, Inc.
|
|
|
8,059
|
|
|
|
2,201
|
|
|
National Oilwell Varco, Inc.
|
|
|
159,132
|
|
|
|
564
|
|
|
Oceaneering International, Inc.
|
|
|
29,153
|
|
|
|
267
|
|
|
Oil States International, Inc.*
|
|
|
19,411
|
|
|
|
382
|
|
|
RPC, Inc.
|
|
|
5,138
|
|
|
|
6,326
|
|
|
Schlumberger Ltd.
|
|
|
450,791
|
|
|
|
110
|
|
|
SEACOR Holdings, Inc.*
|
|
|
9,344
|
|
|
|
820
|
|
|
Superior Energy Services, Inc.*
|
|
|
17,769
|
|
|
|
|
|
|
|
|
|
1,196,339
|
|
|
|
|
|
|
Oil & Gas Exploration & Production
-
28.7%
|
|
|
|
|
|
|
2,593
|
|
|
Anadarko Petroleum Corp.
|
|
|
180,058
|
|
|
|
2,035
|
|
|
Apache Corp.
|
|
|
175,254
|
|
|
|
48
|
|
|
Apco Oil and Gas International, Inc.
|
|
|
804
|
|
|
|
107
|
|
|
Approach Resources, Inc.*
|
|
|
2,825
|
|
|
|
269
|
|
|
Berry Petroleum Co., Class A
|
|
|
10,227
|
|
|
|
224
|
|
|
Bill Barrett Corp.*
|
|
|
4,717
|
|
|
|
1,082
|
|
|
Cabot Oil & Gas Corp.
|
|
|
45,650
|
|
|
|
183
|
|
|
Carrizo Oil & Gas, Inc.*
|
|
|
4,613
|
|
|
|
3,432
|
|
|
Chesapeake Energy Corp.
|
|
|
64,590
|
|
|
|
445
|
|
|
Cimarex Energy Co.
|
|
|
25,227
|
|
|
|
47
|
|
|
Clayton Williams Energy, Inc.*
|
|
|
1,940
|
|
|
|
977
|
|
|
Cobalt International Energy, Inc.*
|
|
|
24,523
|
|
|
|
248
|
|
|
Comstock Resources, Inc.*
|
|
|
4,013
|
|
|
|
540
|
|
|
Concho Resources, Inc.*
|
|
|
46,035
|
|
|
|
6,584
|
|
|
ConocoPhillips
|
|
|
358,433
|
|
|
|
67
|
|
|
Contango Oil & Gas Co.*
|
|
|
3,970
|
|
|
|
301
|
|
|
Continental Resources, Inc.*
|
|
|
19,261
|
|
|
|
2,040
|
|
|
Denbury Resources, Inc.*
|
|
|
30,845
|
|
|
|
1,985
|
|
|
Devon Energy Corp.
|
|
|
117,353
|
|
|
|
377
|
|
|
Energen Corp.
|
|
|
19,306
|
|
|
|
390
|
|
|
Energy XXI Bermuda Ltd.
|
|
|
12,160
|
|
|
|
1,398
|
|
|
EOG Resources, Inc.
|
|
|
137,018
|
|
|
|
777
|
|
|
EQT Corp.
|
|
|
43,823
|
|
|
|
791
|
|
|
EXCO Resources, Inc.
|
|
|
5,569
|
|
|
|
613
|
|
|
Forest Oil Corp.*
|
|
|
4,199
|
|
|
|
238
|
|
|
Gulfport Energy Corp.*
|
|
|
4,903
|
|
|
|
372
|
|
|
Halcon Resources Corp.*
|
|
|
2,455
|
|
|
|
1,372
|
|
|
Kodiak Oil & Gas Corp.*
|
|
|
11,456
|
|
|
|
93
|
|
|
Laredo Petroleum Holdings, Inc.*
|
|
|
2,137
|
|
|
|
3,699
|
|
|
Marathon Oil Corp.
|
|
|
97,913
|
|
|
|
561
|
|
|
McMoRan Exploration Co.*
|
|
|
7,327
|
|
|
|
126
|
|
|
Midstates Petroleum Co., Inc.*
|
|
|
1,074
|
|
|
|
702
|
|
|
Newfield Exploration Co.*
|
|
|
21,432
|
|
|
|
931
|
|
|
Noble Energy, Inc.
|
|
|
81,397
|
|
|
|
329
|
|
|
Northern Oil and Gas, Inc.*
|
|
|
5,185
|
|
|
|
365
|
|
|
Oasis Petroleum, Inc.*
|
|
|
9,556
|
|
|
|
635
|
|
|
Pioneer Natural Resources Co.
|
|
|
56,280
|
|
|
|
671
|
|
|
Plains Exploration & Production Co.*
|
|
|
26,813
|
|
|
|
921
|
|
|
QEP Resources, Inc.
|
|
|
27,658
|
|
|
|
630
|
|
|
Quicksilver Resources, Inc.*
|
|
|
2,848
|
|
|
|
839
|
|
|
Range Resources Corp.
|
|
|
52,521
|
|
|
|
276
|
|
|
Rosetta Resources, Inc.*
|
|
|
11,515
|
|
|
|
1,999
|
|
|
SandRidge Energy, Inc.*
|
|
|
13,633
|
|
|
|
331
|
|
|
SM Energy Co.
|
|
|
15,587
|
|
|
|
1,802
|
|
|
Southwestern Energy Co.*
|
|
|
59,916
|
|
|
|
255
|
|
|
Stone Energy Corp.*
|
|
|
6,696
|
|
|
|
221
|
|
|
Swift Energy Co.*
|
|
|
4,130
|
|
|
|
791
|
|
|
Ultra Petroleum Corp.*
|
|
|
18,794
|
|
|
|
189
|
|
|
W&T Offshore, Inc.
|
|
|
3,495
|
|
|
|
610
|
|
|
Whiting Petroleum Corp.*
|
|
|
24,644
|
|
|
|
1,015
|
|
|
WPX Energy, Inc.*
|
|
|
16,189
|
|
|
|
|
|
|
|
|
|
1,927,967
|
|
|
|
|
|
|
Oil & Gas Refining & Marketing
-
5.9%
|
|
|
|
|
|
|
264
|
|
|
Clean Energy Fuels Corp.*
|
|
|
3,725
|
|
|
|
86
|
|
|
CVR Energy, Inc.*
|
|
|
2,456
|
|
|
|
80
|
|
|
Delek US Holdings, Inc.
|
|
|
1,579
|
|
|
|
1,009
|
|
|
HollyFrontier Corp.
|
|
|
37,727
|
|
|
|
1,774
|
|
|
Marathon Petroleum Corp.
|
|
|
83,910
|
|
|
|
3,217
|
|
|
Phillips 66
|
|
|
120,959
|
|
|
|
556
|
|
|
Sunoco, Inc.
|
|
|
26,794
|
|
|
|
726
|
|
|
Tesoro Corp.*
|
|
|
20,074
|
|
|
|
2,879
|
|
|
Valero Energy Corp.
|
|
|
79,172
|
|
|
|
286
|
|
|
Western Refining, Inc.
|
|
|
6,730
|
|
|
|
369
|
|
|
World Fuel Services Corp.
|
|
|
14,941
|
|
|
|
|
|
|
|
|
|
398,067
|
|
|
|
|
|
|
Oil & Gas Storage & Transportation
-
4.9%
|
|
|
|
|
|
|
1,117
|
|
|
Cheniere Energy, Inc.*
|
|
|
15,225
|
|
|
|
2,887
|
|
|
Kinder Morgan, Inc.
|
|
|
103,383
|
|
|
|
192
|
|
|
SemGroup Corp., Class A*
|
|
|
6,472
|
|
|
|
3,372
|
|
|
Spectra Energy Corp.
|
|
|
103,487
|
|
|
|
3,258
|
|
|
Williams Cos., Inc./The
|
|
|
103,572
|
|
|
|
|
|
|
|
|
|
332,139
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $7,093,119)
|
|
|
6,725,654
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $7,093,119) — 100.0%
|
|
|
6,725,654
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
907
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
6,726,561
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Energy Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
220,904
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(637,185
|
)
|
|
Net unrealized depreciation
|
|
$
|
(416,281
|
)
|
|
Federal income tax cost of investments
|
|
$
|
7,141,935
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Financial Services Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks
-
8.4%
|
|
|
|
|
|
|
132
|
|
|
Affiliated Managers Group, Inc.*
|
|
$
|
14,730
|
|
|
|
559
|
|
|
Ameriprise Financial, Inc.
|
|
|
28,911
|
|
|
|
3,081
|
|
|
Bank of New York Mellon Corp./The
|
|
|
65,564
|
|
|
|
260
|
|
|
BlackRock, Inc.
|
|
|
44,268
|
|
|
|
53
|
|
|
Cohen & Steers, Inc.
|
|
|
1,749
|
|
|
|
295
|
|
|
Eaton Vance Corp.
|
|
|
7,826
|
|
|
|
267
|
|
|
Federated Investors, Inc., Class B
|
|
|
5,369
|
|
|
|
108
|
|
|
Financial Engines, Inc.*
|
|
|
2,027
|
|
|
|
374
|
|
|
Franklin Resources, Inc.
|
|
|
42,991
|
|
|
|
11
|
|
|
GAMCO Investors, Inc., Class A
|
|
|
492
|
|
|
|
1,153
|
|
|
Invesco Ltd.
|
|
|
25,516
|
|
|
|
477
|
|
|
Janus Capital Group, Inc.
|
|
|
3,449
|
|
|
|
333
|
|
|
Legg Mason, Inc.
|
|
|
8,165
|
|
|
|
556
|
|
|
Northern Trust Corp.
|
|
|
25,242
|
|
|
|
366
|
|
|
SEI Investments Co.
|
|
|
7,752
|
|
|
|
1,259
|
|
|
State Street Corp.
|
|
|
50,838
|
|
|
|
646
|
|
|
T. Rowe Price Group, Inc.
|
|
|
39,245
|
|
|
|
220
|
|
|
Waddell & Reed Financial, Inc., Class A
|
|
|
6,400
|
|
|
|
|
|
|
|
|
|
380,534
|
|
|
|
|
|
|
Consumer Finance
-
7.0%
|
|
|
|
|
|
|
2,633
|
|
|
American Express Co.
|
|
|
151,950
|
|
|
|
1,485
|
|
|
Capital One Financial Corp.
|
|
|
83,888
|
|
|
|
76
|
|
|
Cash America International, Inc.
|
|
|
2,912
|
|
|
|
17
|
|
|
Credit Acceptance Corp.*
|
|
|
1,630
|
|
|
|
1,356
|
|
|
Discover Financial Services
|
|
|
48,762
|
|
|
|
67
|
|
|
First Cash Financial Services, Inc.*
|
|
|
2,687
|
|
|
|
69
|
|
|
Nelnet, Inc., Class A
|
|
|
1,622
|
|
|
|
1,247
|
|
|
SLM Corp.
|
|
|
19,939
|
|
|
|
37
|
|
|
World Acceptance Corp.*
|
|
|
2,637
|
|
|
|
|
|
|
|
|
|
316,027
|
|
|
|
|
|
|
Data Processing & Outsourced Services
-
7.0%
|
|
|
|
|
|
|
271
|
|
|
Mastercard, Inc., Class A
|
|
|
118,310
|
|
|
|
55
|
|
|
MoneyGram International, Inc.*
|
|
|
856
|
|
|
|
1,339
|
|
|
Visa, Inc., Class A
|
|
|
172,825
|
|
|
|
1,583
|
|
|
Western Union Co./The
|
|
|
27,592
|
|
|
|
|
|
|
|
|
|
319,583
|
|
|
|
|
|
|
Diversified Banks
-
13.4%
|
|
|
|
|
|
|
503
|
|
|
Comerica, Inc.
|
|
|
15,196
|
|
|
|
4,891
|
|
|
U.S. Bancorp
|
|
|
163,848
|
|
|
|
12,748
|
|
|
Wells Fargo & Co.
|
|
|
431,010
|
|
|
|
|
|
|
|
|
|
610,054
|
|
|
|
|
|
|
Insurance Brokers
-
2.7%
|
|
|
|
|
|
|
827
|
|
|
Aon plc
|
|
|
40,689
|
|
|
|
303
|
|
|
Arthur J. Gallagher & Co.
|
|
|
10,751
|
|
|
|
297
|
|
|
Brown & Brown, Inc.
|
|
|
7,496
|
|
|
|
1,386
|
|
|
Marsh & McLennan Cos., Inc.
|
|
|
46,029
|
|
|
|
438
|
|
|
Willis Group Holdings plc
|
|
|
16,197
|
|
|
|
|
|
|
|
|
|
121,162
|
|
|
|
|
|
|
Investment Banking & Brokerage
-
5.1%
|
|
|
|
|
|
|
245
|
|
|
BGC Partners, Inc., Class A
|
|
|
1,217
|
|
|
|
2,633
|
|
|
Charles Schwab Corp./The
|
|
|
33,255
|
|
|
|
664
|
|
|
E*TRADE Financial Corp.*
|
|
|
5,066
|
|
|
|
1,067
|
|
|
Goldman Sachs Group, Inc./The
|
|
|
107,660
|
|
|
|
75
|
|
|
Greenhill & Co., Inc.
|
|
|
2,979
|
|
|
|
378
|
|
|
Jefferies Group, Inc.
|
|
|
4,740
|
|
|
|
254
|
|
|
Knight Capital Group, Inc., Class A*
|
|
|
2,624
|
|
|
|
141
|
|
|
LPL Financial Holdings, Inc.
|
|
|
3,951
|
|
|
|
3,489
|
|
|
Morgan Stanley
|
|
|
47,660
|
|
|
|
285
|
|
|
Raymond James Financial, Inc.
|
|
|
9,582
|
|
|
|
138
|
|
|
Stifel Financial Corp.*
|
|
|
4,154
|
|
|
|
565
|
|
|
TD Ameritrade Holding Corp.
|
|
|
8,995
|
|
|
|
|
|
|
|
|
|
231,883
|
|
|
|
|
|
|
Life & Health Insurance
-
5.7%
|
|
|
|
|
|
|
1,206
|
|
|
Aflac, Inc.
|
|
|
52,799
|
|
|
|
559
|
|
|
CNO Financial Group, Inc.
|
|
|
4,634
|
|
|
|
31
|
|
|
FBL Financial Group, Inc., Class A
|
|
|
959
|
|
|
|
730
|
|
|
Lincoln National Corp.
|
|
|
14,637
|
|
|
|
2,105
|
|
|
MetLife, Inc.
|
|
|
64,771
|
|
|
|
101
|
|
|
Primerica, Inc.
|
|
|
2,764
|
|
|
|
723
|
|
|
Principal Financial Group, Inc.
|
|
|
18,502
|
|
|
|
207
|
|
|
Protective Life Corp.
|
|
|
5,777
|
|
|
|
1,237
|
|
|
Prudential Financial, Inc.
|
|
|
59,722
|
|
|
|
114
|
|
|
StanCorp Financial Group, Inc.
|
|
|
3,393
|
|
|
|
199
|
|
|
Symetra Financial Corp.
|
|
|
2,314
|
|
|
|
252
|
|
|
Torchmark Corp.
|
|
|
12,537
|
|
|
|
731
|
|
|
Unum Group
|
|
|
13,809
|
|
|
|
|
|
|
|
|
|
256,618
|
|
|
|
|
|
|
Multi-line Insurance
-
3.3%
|
|
|
|
|
|
|
219
|
|
|
American Financial Group, Inc./OH
|
|
|
8,258
|
|
|
|
1,836
|
|
|
American International Group, Inc.*
|
|
|
57,412
|
|
|
|
37
|
|
|
American National Insurance Co.
|
|
|
2,606
|
|
|
|
219
|
|
|
Assurant, Inc.
|
|
|
7,930
|
|
|
|
1,247
|
|
|
Genworth Financial, Inc., Class A*
|
|
|
6,285
|
|
|
|
1,136
|
|
|
Hartford Financial Services Group, Inc.
|
|
|
18,687
|
|
|
|
259
|
|
|
HCC Insurance Holdings, Inc.
|
|
|
7,936
|
|
|
|
113
|
|
|
Kemper Corp.
|
|
|
3,697
|
|
|
|
883
|
|
|
Loews Corp.
|
|
|
34,958
|
|
|
|
|
|
|
|
|
|
147,769
|
|
|
|
|
|
|
Other Diversified Financial Services
-
16.6%
|
|
|
|
|
|
|
27,456
|
|
|
Bank of America Corp.
|
|
|
201,527
|
|
|
|
7,492
|
|
|
Citigroup, Inc.
|
|
|
203,258
|
|
|
|
9,721
|
|
|
JPMorgan Chase & Co.
|
|
|
349,956
|
|
|
|
|
|
|
|
|
|
754,741
|
|
|
|
|
|
|
Property & Casualty Insurance
-
13.3%
|
|
|
|
|
|
|
866
|
|
|
ACE Ltd.
|
|
|
63,651
|
|
|
|
95
|
|
|
Allied World Assurance Co. Holdings AG
|
|
|
7,166
|
|
|
|
1,183
|
|
|
Allstate Corp./The
|
|
|
40,577
|
|
|
|
61
|
|
|
Amtrust Financial Services, Inc.
|
|
|
1,817
|
|
|
|
79
|
|
|
Argo Group International Holdings Ltd.
|
|
|
2,323
|
|
|
|
181
|
|
|
Aspen Insurance Holdings Ltd.
|
|
|
5,202
|
|
|
|
425
|
|
|
Assured Guaranty Ltd.
|
|
|
5,092
|
|
|
|
331
|
|
|
Axis Capital Holdings Ltd.
|
|
|
10,877
|
|
|
|
2,496
|
|
|
Berkshire Hathaway, Inc., Class B*
|
|
|
211,761
|
|
|
|
692
|
|
|
Chubb Corp./The
|
|
|
50,301
|
|
|
|
389
|
|
|
Cincinnati Financial Corp.
|
|
|
14,720
|
|
|
|
75
|
|
|
CNA Financial Corp.
|
|
|
1,958
|
|
|
|
69
|
|
|
Erie Indemnity Co., Class A
|
|
|
4,919
|
|
|
|
570
|
|
|
Fidelity National Financial, Inc., Class A
|
|
|
10,613
|
|
|
|
269
|
|
|
First American Financial Corp.
|
|
|
4,928
|
|
|
|
116
|
|
|
Hanover Insurance Group, Inc./The
|
|
|
4,068
|
|
|
|
25
|
|
|
Markel Corp.*
|
|
|
10,802
|
|
|
|
391
|
|
|
MBIA, Inc.*
|
|
|
3,734
|
|
|
|
67
|
|
|
Mercury General Corp.
|
|
|
2,427
|
|
|
|
622
|
|
|
Old Republic International Corp.
|
|
|
5,013
|
|
|
|
60
|
|
|
OneBeacon Insurance Group Ltd., Class A
|
|
|
761
|
|
|
|
75
|
|
|
ProAssurance Corp.
|
|
|
6,718
|
|
|
|
1,462
|
|
|
Progressive Corp./The
|
|
|
28,860
|
|
|
|
45
|
|
|
RLI Corp.
|
|
|
2,898
|
|
|
|
138
|
|
|
Selective Insurance Group, Inc.
|
|
|
2,382
|
|
|
|
92
|
|
|
Tower Group, Inc.
|
|
|
1,715
|
|
|
|
1,006
|
|
|
Travelers Cos., Inc./The
|
|
|
63,026
|
|
|
|
288
|
|
|
W.R. Berkley Corp.
|
|
|
10,549
|
|
|
|
15
|
|
|
White Mountains Insurance Group Ltd.
|
|
|
7,659
|
|
|
|
797
|
|
|
XL Group plc
|
|
|
16,458
|
|
|
|
|
|
|
|
|
|
602,975
|
|
|
|
|
|
|
Regional Banks
-
11.4%
|
|
|
|
|
|
|
441
|
|
|
Associated Banc-Corp.
|
|
|
5,508
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Financial Services Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
199
|
|
|
BancorpSouth, Inc.
|
|
$
|
2,884
|
|
|
|
116
|
|
|
Bank of Hawaii Corp.
|
|
|
5,418
|
|
|
|
71
|
|
|
Bank of the Ozarks, Inc.
|
|
|
2,285
|
|
|
|
1,769
|
|
|
BB&T Corp.
|
|
|
55,494
|
|
|
|
69
|
|
|
BOK Financial Corp.
|
|
|
3,898
|
|
|
|
701
|
|
|
CapitalSource, Inc.
|
|
|
4,592
|
|
|
|
200
|
|
|
Cathay General Bancorp
|
|
|
3,238
|
|
|
|
512
|
|
|
CIT Group, Inc.*
|
|
|
18,698
|
|
|
|
125
|
|
|
City National Corp./CA
|
|
|
6,160
|
|
|
|
227
|
|
|
Commerce Bancshares, Inc./MO
|
|
|
8,939
|
|
|
|
100
|
|
|
Community Bank System, Inc.
|
|
|
2,751
|
|
|
|
148
|
|
|
Cullen/Frost Bankers, Inc.
|
|
|
8,186
|
|
|
|
242
|
|
|
CVB Financial Corp.
|
|
|
2,856
|
|
|
|
370
|
|
|
East West Bancorp, Inc.
|
|
|
8,066
|
|
|
|
2,344
|
|
|
Fifth Third Bancorp
|
|
|
32,394
|
|
|
|
174
|
|
|
First BanCorp/Puerto Rico*
|
|
|
658
|
|
|
|
14
|
|
|
First Citizens BancShares Inc./NC, Class A
|
|
|
2,300
|
|
|
|
148
|
|
|
First Financial Bancorp
|
|
|
2,362
|
|
|
|
80
|
|
|
First Financial Bankshares, Inc.
|
|
|
2,760
|
|
|
|
645
|
|
|
First Horizon National Corp.
|
|
|
5,308
|
|
|
|
898
|
|
|
First Niagara Financial Group, Inc.
|
|
|
6,807
|
|
|
|
200
|
|
|
First Republic Bank/CA
|
|
|
6,506
|
|
|
|
279
|
|
|
FirstMerit Corp.
|
|
|
4,520
|
|
|
|
355
|
|
|
FNB Corp./PA
|
|
|
3,862
|
|
|
|
510
|
|
|
Fulton Financial Corp.
|
|
|
4,687
|
|
|
|
184
|
|
|
Glacier Bancorp, Inc.
|
|
|
2,791
|
|
|
|
199
|
|
|
Hancock Holding Co.
|
|
|
6,066
|
|
|
|
2,202
|
|
|
Huntington Bancshares, Inc./OH
|
|
|
13,685
|
|
|
|
75
|
|
|
Iberiabank Corp.
|
|
|
3,512
|
|
|
|
147
|
|
|
International Bancshares Corp.
|
|
|
2,695
|
|
|
|
118
|
|
|
Investors Bancorp, Inc.*
|
|
|
1,920
|
|
|
|
2,431
|
|
|
KeyCorp
|
|
|
19,399
|
|
|
|
321
|
|
|
M&T Bank Corp.
|
|
|
27,555
|
|
|
|
139
|
|
|
MB Financial, Inc.
|
|
|
2,806
|
|
|
|
325
|
|
|
National Penn Bancshares, Inc.
|
|
|
2,873
|
|
|
|
243
|
|
|
Old National Bancorp/IN
|
|
|
2,974
|
|
|
|
14
|
|
|
Pacific Capital Bancorp*
|
|
|
639
|
|
|
|
34
|
|
|
Park National Corp.
|
|
|
2,303
|
|
|
|
1,346
|
|
|
PNC Financial Services Group, Inc.
|
|
|
79,549
|
|
|
|
261
|
|
|
Popular, Inc.*
|
|
|
3,933
|
|
|
|
161
|
|
|
PrivateBancorp, Inc.
|
|
|
2,467
|
|
|
|
120
|
|
|
Prosperity Bancshares, Inc.
|
|
|
4,868
|
|
|
|
3,602
|
|
|
Regions Financial Corp.
|
|
|
25,070
|
|
|
|
118
|
|
|
Signature Bank/NY*
|
|
|
7,611
|
|
|
|
71
|
|
|
Sterling Financial Corp./WA*
|
|
|
1,424
|
|
|
|
1,370
|
|
|
SunTrust Banks, Inc.
|
|
|
32,401
|
|
|
|
471
|
|
|
Susquehanna Bancshares, Inc.
|
|
|
5,021
|
|
|
|
113
|
|
|
SVB Financial Group*
|
|
|
6,533
|
|
|
|
1,863
|
|
|
Synovus Financial Corp.
|
|
|
3,540
|
|
|
|
385
|
|
|
TCF Financial Corp.
|
|
|
3,977
|
|
|
|
95
|
|
|
Texas Capital Bancshares, Inc.*
|
|
|
4,094
|
|
|
|
146
|
|
|
Trustmark Corp.
|
|
|
3,530
|
|
|
|
89
|
|
|
UMB Financial Corp.
|
|
|
4,277
|
|
|
|
286
|
|
|
Umpqua Holdings Corp.
|
|
|
3,569
|
|
|
|
128
|
|
|
United Bankshares, Inc./WV
|
|
|
2,982
|
|
|
|
500
|
|
|
Valley National Bancorp
|
|
|
4,650
|
|
|
|
189
|
|
|
Webster Financial Corp.
|
|
|
3,878
|
|
|
|
71
|
|
|
Westamerica Bancorp.
|
|
|
3,266
|
|
|
|
93
|
|
|
Wintrust Financial Corp.
|
|
|
3,414
|
|
|
|
467
|
|
|
Zions Bancorp.
|
|
|
8,499
|
|
|
|
|
|
|
|
|
|
518,908
|
|
|
|
|
|
|
Reinsurance
-
2.1%
|
|
|
|
|
|
|
43
|
|
|
Alleghany Corp.*
|
|
|
14,870
|
|
|
|
346
|
|
|
Arch Capital Group Ltd.*
|
|
|
13,425
|
|
|
|
111
|
|
|
Endurance Specialty Holdings Ltd.
|
|
|
3,848
|
|
|
|
26
|
|
|
Enstar Group Ltd.*
|
|
|
2,430
|
|
|
|
112
|
|
|
Everest Re Group Ltd.
|
|
|
11,390
|
|
|
|
78
|
|
|
Greenlight Capital Re Ltd., Class A*
|
|
|
1,838
|
|
|
|
148
|
|
|
Montpelier Re Holdings Ltd.
|
|
|
2,998
|
|
|
|
165
|
|
|
PartnerRe Ltd.
|
|
|
11,953
|
|
|
|
89
|
|
|
Platinum Underwriters Holdings Ltd.
|
|
|
3,384
|
|
|
|
189
|
|
|
Reinsurance Group of America, Inc.
|
|
|
10,522
|
|
|
|
132
|
|
|
RenaissanceRe Holdings Ltd.
|
|
|
9,767
|
|
|
|
221
|
|
|
Validus Holdings Ltd.
|
|
|
7,189
|
|
|
|
|
|
|
|
|
|
93,614
|
|
|
|
|
|
|
Specialized Finance
-
2.7%
|
|
|
|
|
|
|
231
|
|
|
CBOE Holdings, Inc.
|
|
|
6,584
|
|
|
|
817
|
|
|
CME Group, Inc.
|
|
|
42,574
|
|
|
|
186
|
|
|
IntercontinentalExchange, Inc.*
|
|
|
24,407
|
|
|
|
86
|
|
|
MarketAxess Holdings, Inc.
|
|
|
2,599
|
|
|
|
495
|
|
|
Moody's Corp.
|
|
|
20,062
|
|
|
|
342
|
|
|
NASDAQ OMX Group, Inc./The
|
|
|
7,763
|
|
|
|
650
|
|
|
NYSE Euronext
|
|
|
16,562
|
|
|
|
144
|
|
|
PHH Corp.*
|
|
|
2,334
|
|
|
|
|
|
|
|
|
|
122,885
|
|
|
|
|
|
|
Thrifts & Mortgage Finance
-
1.3%
|
|
|
|
|
|
|
229
|
|
|
Astoria Financial Corp.
|
|
|
2,157
|
|
|
|
99
|
|
|
BankUnited, Inc.
|
|
|
2,412
|
|
|
|
419
|
|
|
Capitol Federal Financial, Inc.
|
|
|
4,911
|
|
|
|
1,245
|
|
|
Hudson City Bancorp, Inc.
|
|
|
7,906
|
|
|
|
46
|
|
|
Nationstar Mortgage Holdings, Inc.*
|
|
|
1,013
|
|
|
|
1,113
|
|
|
New York Community Bancorp, Inc.
|
|
|
14,447
|
|
|
|
250
|
|
|
Northwest Bancshares, Inc.
|
|
|
2,912
|
|
|
|
297
|
|
|
Ocwen Financial Corp.*
|
|
|
5,869
|
|
|
|
910
|
|
|
People's United Financial, Inc.
|
|
|
10,429
|
|
|
|
146
|
|
|
Provident Financial Services, Inc.
|
|
|
2,223
|
|
|
|
238
|
|
|
TFS Financial Corp.*
|
|
|
2,239
|
|
|
|
274
|
|
|
Washington Federal, Inc.
|
|
|
4,365
|
|
|
|
|
|
|
|
|
|
60,883
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $4,929,281)
|
|
|
4,537,636
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
71
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $71)
|
|
|
71
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $4,929,352) — 100.0%
|
|
|
4,537,707
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
37
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
4,537,744
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
320,432
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(743,625
|
)
|
|
Net unrealized depreciation
|
|
$
|
(423,193
|
)
|
|
Federal income tax cost of investments
|
|
$
|
4,960,900
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Health Care Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.1%
|
|
|
|
|
|
|
|
|
|
Biotechnology
-
15.8%
|
|
|
|
|
|
|
139
|
|
|
Acorda Therapeutics, Inc.*
|
|
$
|
3,346
|
|
|
|
675
|
|
|
Alexion Pharmaceuticals, Inc.*
|
|
|
70,774
|
|
|
|
340
|
|
|
Alkermes plc*
|
|
|
6,321
|
|
|
|
2,732
|
|
|
Amgen, Inc.
|
|
|
225,663
|
|
|
|
513
|
|
|
Amylin Pharmaceuticals, Inc.*
|
|
|
15,795
|
|
|
|
582
|
|
|
Ariad Pharmaceuticals, Inc.*
|
|
|
11,134
|
|
|
|
850
|
|
|
Biogen Idec, Inc.*
|
|
|
123,956
|
|
|
|
401
|
|
|
BioMarin Pharmaceutical, Inc.*
|
|
|
15,755
|
|
|
|
1,542
|
|
|
Celgene Corp.*
|
|
|
105,565
|
|
|
|
231
|
|
|
Cepheid, Inc.*
|
|
|
7,401
|
|
|
|
223
|
|
|
Cubist Pharmaceuticals, Inc.*
|
|
|
9,602
|
|
|
|
538
|
|
|
Dendreon Corp.*
|
|
|
2,561
|
|
|
|
2,639
|
|
|
Gilead Sciences, Inc.*
|
|
|
143,377
|
|
|
|
324
|
|
|
Halozyme Therapeutics, Inc.*
|
|
|
2,922
|
|
|
|
810
|
|
|
Human Genome Sciences, Inc.*
|
|
|
11,534
|
|
|
|
270
|
|
|
Idenix Pharmaceuticals, Inc.*
|
|
|
2,735
|
|
|
|
268
|
|
|
Immunogen, Inc.*
|
|
|
4,326
|
|
|
|
346
|
|
|
Incyte Corp. Ltd.*
|
|
|
8,647
|
|
|
|
230
|
|
|
InterMune, Inc.*
|
|
|
2,031
|
|
|
|
264
|
|
|
Ironwood Pharmaceuticals, Inc.*
|
|
|
3,398
|
|
|
|
331
|
|
|
Isis Pharmaceuticals, Inc.*
|
|
|
4,012
|
|
|
|
127
|
|
|
Medivation, Inc.*
|
|
|
12,662
|
|
|
|
158
|
|
|
Momenta Pharmaceuticals, Inc.*
|
|
|
2,247
|
|
|
|
301
|
|
|
Myriad Genetics, Inc.*
|
|
|
7,480
|
|
|
|
223
|
|
|
Onyx Pharmaceuticals, Inc.*
|
|
|
16,718
|
|
|
|
560
|
|
|
Opko Health, Inc.*
|
|
|
2,374
|
|
|
|
491
|
|
|
PDL BioPharma, Inc.
|
|
|
3,334
|
|
|
|
185
|
|
|
Pharmacyclics, Inc.*
|
|
|
9,844
|
|
|
|
257
|
|
|
Regeneron Pharmaceuticals, Inc.*
|
|
|
34,605
|
|
|
|
355
|
|
|
Seattle Genetics, Inc.*
|
|
|
9,287
|
|
|
|
248
|
|
|
Theravance, Inc.*
|
|
|
7,224
|
|
|
|
166
|
|
|
United Therapeutics Corp.*
|
|
|
9,093
|
|
|
|
742
|
|
|
Vertex Pharmaceuticals, Inc.*
|
|
|
35,994
|
|
|
|
|
|
|
|
|
|
931,717
|
|
|
|
|
|
|
Health Care Distributors
-
3.6%
|
|
|
|
|
|
|
889
|
|
|
AmerisourceBergen Corp.
|
|
|
35,293
|
|
|
|
1,211
|
|
|
Cardinal Health, Inc.
|
|
|
52,182
|
|
|
|
317
|
|
|
Henry Schein, Inc.*
|
|
|
23,715
|
|
|
|
827
|
|
|
McKesson Corp.
|
|
|
75,034
|
|
|
|
45
|
|
|
MWI Veterinary Supply, Inc.*
|
|
|
4,099
|
|
|
|
224
|
|
|
Owens & Minor, Inc.
|
|
|
6,319
|
|
|
|
321
|
|
|
Patterson Cos., Inc.
|
|
|
10,946
|
|
|
|
180
|
|
|
PSS World Medical, Inc.*
|
|
|
3,760
|
|
|
|
|
|
|
|
|
|
211,348
|
|
|
|
|
|
|
Health Care Equipment
-
14.5%
|
|
|
|
|
|
|
117
|
|
|
ABIOMED, Inc.*
|
|
|
2,638
|
|
|
|
1,934
|
|
|
Baxter International, Inc.
|
|
|
113,158
|
|
|
|
669
|
|
|
Becton Dickinson and Co.
|
|
|
50,650
|
|
|
|
5,039
|
|
|
Boston Scientific Corp.*
|
|
|
26,052
|
|
|
|
295
|
|
|
C.R. Bard, Inc.
|
|
|
28,692
|
|
|
|
786
|
|
|
CareFusion Corp.*
|
|
|
19,186
|
|
|
|
1,697
|
|
|
Covidien plc
|
|
|
94,828
|
|
|
|
97
|
|
|
Cyberonics, Inc.*
|
|
|
4,200
|
|
|
|
403
|
|
|
Edwards Lifesciences Corp.*
|
|
|
40,783
|
|
|
|
42
|
|
|
HeartWare International, Inc.*
|
|
|
3,750
|
|
|
|
220
|
|
|
Hill-Rom Holdings, Inc.
|
|
|
5,753
|
|
|
|
921
|
|
|
Hologic, Inc.*
|
|
|
17,057
|
|
|
|
193
|
|
|
IDEXX Laboratories, Inc.*
|
|
|
17,017
|
|
|
|
144
|
|
|
Insulet Corp.*
|
|
|
2,817
|
|
|
|
72
|
|
|
Integra LifeSciences Holdings Corp.*
|
|
|
2,769
|
|
|
|
138
|
|
|
Intuitive Surgical, Inc.*
|
|
|
66,447
|
|
|
|
131
|
|
|
MAKO Surgical Corp.*
|
|
|
1,669
|
|
|
|
184
|
|
|
Masimo Corp.*
|
|
|
4,122
|
|
|
|
3,656
|
|
|
Medtronic, Inc.
|
|
|
144,119
|
|
|
|
152
|
|
|
NuVasive, Inc.*
|
|
|
3,175
|
|
|
|
177
|
|
|
NxStage Medical, Inc.*
|
|
|
2,664
|
|
|
|
502
|
|
|
ResMed, Inc.*
|
|
|
15,843
|
|
|
|
196
|
|
|
Sirona Dental Systems, Inc.*
|
|
|
8,473
|
|
|
|
1,102
|
|
|
St. Jude Medical, Inc.
|
|
|
41,171
|
|
|
|
186
|
|
|
STERIS Corp.
|
|
|
5,604
|
|
|
|
1,032
|
|
|
Stryker Corp.
|
|
|
53,695
|
|
|
|
143
|
|
|
Teleflex, Inc.
|
|
|
9,115
|
|
|
|
206
|
|
|
Thoratec Corp.*
|
|
|
7,068
|
|
|
|
395
|
|
|
Varian Medical Systems, Inc.*
|
|
|
21,559
|
|
|
|
184
|
|
|
Volcano Corp.*
|
|
|
4,867
|
|
|
|
619
|
|
|
Zimmer Holdings, Inc.
|
|
|
36,478
|
|
|
|
|
|
|
|
|
|
855,419
|
|
|
|
|
|
|
Health Care Facilities
-
1.4%
|
|
|
|
|
|
|
110
|
|
|
Amsurg Corp.*
|
|
|
3,249
|
|
|
|
356
|
|
|
Brookdale Senior Living, Inc.*
|
|
|
5,860
|
|
|
|
322
|
|
|
Community Health Systems, Inc.*
|
|
|
7,925
|
|
|
|
104
|
|
|
Emeritus Corp.*
|
|
|
1,763
|
|
|
|
583
|
|
|
HCA Holdings, Inc.
|
|
|
15,438
|
|
|
|
890
|
|
|
Health Management Associates, Inc., Class A*
|
|
|
5,856
|
|
|
|
335
|
|
|
HealthSouth Corp.*
|
|
|
7,504
|
|
|
|
169
|
|
|
LifePoint Hospitals, Inc.*
|
|
|
6,442
|
|
|
|
154
|
|
|
Select Medical Holdings Corp.*
|
|
|
1,640
|
|
|
|
1,454
|
|
|
Tenet Healthcare Corp.*
|
|
|
6,718
|
|
|
|
315
|
|
|
Universal Health Services, Inc., Class B
|
|
|
12,310
|
|
|
|
301
|
|
|
VCA Antech, Inc.*
|
|
|
5,478
|
|
|
|
|
|
|
|
|
|
80,183
|
|
|
|
|
|
|
Health Care Services
-
5.0%
|
|
|
|
|
|
|
68
|
|
|
Chemed Corp.
|
|
|
4,268
|
|
|
|
328
|
|
|
DaVita, Inc.*
|
|
|
32,282
|
|
|
|
2,812
|
|
|
Express Scripts Holding Co.*
|
|
|
162,927
|
|
|
|
342
|
|
|
Laboratory Corp of America Holdings*
|
|
|
28,759
|
|
|
|
303
|
|
|
Lincare Holdings, Inc.
|
|
|
12,544
|
|
|
|
171
|
|
|
MEDNAX, Inc.*
|
|
|
11,308
|
|
|
|
397
|
|
|
Omnicare, Inc.
|
|
|
12,470
|
|
|
|
552
|
|
|
Quest Diagnostics, Inc.
|
|
|
32,254
|
|
|
|
|
|
|
|
|
|
296,812
|
|
|
|
|
|
|
Health Care Supplies
-
1.0%
|
|
|
|
|
|
|
281
|
|
|
Alere, Inc.*
|
|
|
5,302
|
|
|
|
220
|
|
|
Align Technology, Inc.*
|
|
|
7,471
|
|
|
|
165
|
|
|
Cooper Cos., Inc./The
|
|
|
12,418
|
|
|
|
497
|
|
|
DENTSPLY International, Inc.
|
|
|
18,061
|
|
|
|
88
|
|
|
Haemonetics Corp.*
|
|
|
6,328
|
|
|
|
143
|
|
|
Meridian Bioscience, Inc.
|
|
|
2,390
|
|
|
|
82
|
|
|
Neogen Corp.*
|
|
|
3,155
|
|
|
|
118
|
|
|
West Pharmaceutical Services, Inc.
|
|
|
5,874
|
|
|
|
|
|
|
|
|
|
60,999
|
|
|
|
|
|
|
Life Sciences Tools & Services
-
3.4%
|
|
|
|
|
|
|
174
|
|
|
Charles River Laboratories International, Inc.*
|
|
|
5,921
|
|
|
|
195
|
|
|
Covance, Inc.*
|
|
|
9,153
|
|
|
|
427
|
|
|
Illumina, Inc.*
|
|
|
17,708
|
|
|
|
626
|
|
|
Life Technologies Corp.*
|
|
|
27,469
|
|
|
|
147
|
|
|
Luminex Corp.*
|
|
|
2,518
|
|
|
|
112
|
|
|
Mettler-Toledo International, Inc.*
|
|
|
17,338
|
|
|
|
209
|
|
|
PAREXEL International Corp.*
|
|
|
5,752
|
|
|
|
399
|
|
|
PerkinElmer, Inc.
|
|
|
10,195
|
|
|
|
130
|
|
|
Techne Corp.
|
|
|
8,980
|
|
|
|
1,290
|
|
|
Thermo Fisher Scientific, Inc.
|
|
|
71,814
|
|
|
|
315
|
|
|
Waters Corp.*
|
|
|
24,406
|
|
|
|
|
|
|
|
|
|
201,254
|
|
|
|
|
|
|
Managed Health Care
-
7.3%
|
|
|
|
|
|
|
1,221
|
|
|
Aetna, Inc.
|
|
|
44,029
|
|
|
|
168
|
|
|
AMERIGROUP Corp.*
|
|
|
15,100
|
|
|
|
181
|
|
|
Centene Corp.*
|
|
|
6,885
|
|
|
|
1,003
|
|
|
Cigna Corp.
|
|
|
40,401
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Health Care Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
507
|
|
|
Coventry Health Care, Inc.
|
|
$
|
16,898
|
|
|
|
291
|
|
|
Health Net, Inc.*
|
|
|
6,408
|
|
|
|
574
|
|
|
Humana, Inc.
|
|
|
35,358
|
|
|
|
96
|
|
|
Magellan Health Services, Inc.*
|
|
|
4,627
|
|
|
|
106
|
|
|
Molina Healthcare, Inc.*
|
|
|
2,588
|
|
|
|
3,645
|
|
|
UnitedHealth Group, Inc.
|
|
|
186,223
|
|
|
|
162
|
|
|
Universal American Corp.*
|
|
|
1,452
|
|
|
|
150
|
|
|
WellCare Health Plans, Inc.*
|
|
|
9,723
|
|
|
|
1,168
|
|
|
WellPoint, Inc.
|
|
|
62,243
|
|
|
|
|
|
|
|
|
|
431,935
|
|
|
|
|
|
|
Office Services & Supplies
-
0.1%
|
|
|
|
|
|
|
113
|
|
|
Mine Safety Appliances Co.
|
|
|
3,878
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals
-
48.0%
|
|
|
|
|
|
|
5,524
|
|
|
Abbott Laboratories
|
|
|
366,296
|
|
|
|
228
|
|
|
Akorn, Inc.*
|
|
|
3,117
|
|
|
|
1,080
|
|
|
Allergan, Inc.
|
|
|
88,636
|
|
|
|
168
|
|
|
Auxilium Pharmaceuticals, Inc.*
|
|
|
4,526
|
|
|
|
5,934
|
|
|
Bristol-Myers Squibb Co.
|
|
|
211,250
|
|
|
|
3,449
|
|
|
Eli Lilly & Co.
|
|
|
151,860
|
|
|
|
409
|
|
|
Endo Health Solutions, Inc.*
|
|
|
12,160
|
|
|
|
873
|
|
|
Forest Laboratories, Inc.*
|
|
|
29,289
|
|
|
|
579
|
|
|
Hospira, Inc.*
|
|
|
20,120
|
|
|
|
235
|
|
|
Impax Laboratories, Inc.*
|
|
|
5,222
|
|
|
|
118
|
|
|
Jazz Pharmaceuticals plc*
|
|
|
5,672
|
|
|
|
9,610
|
|
|
Johnson & Johnson
|
|
|
665,204
|
|
|
|
194
|
|
|
Medicines Co./The*
|
|
|
4,858
|
|
|
|
209
|
|
|
Medicis Pharmaceutical Corp., Class A
|
|
|
6,880
|
|
|
|
10,686
|
|
|
Merck & Co., Inc.
|
|
|
472,001
|
|
|
|
1,498
|
|
|
Mylan, Inc.*
|
|
|
34,499
|
|
|
|
400
|
|
|
Nektar Therapeutics*
|
|
|
3,408
|
|
|
|
127
|
|
|
Par Pharmaceutical Cos., Inc.*
|
|
|
6,345
|
|
|
|
297
|
|
|
Perrigo Co.
|
|
|
33,864
|
|
|
|
26,308
|
|
|
Pfizer, Inc.
|
|
|
632,444
|
|
|
|
205
|
|
|
Questcor Pharmaceuticals, Inc.*
|
|
|
7,558
|
|
|
|
187
|
|
|
Salix Pharmaceuticals Ltd.*
|
|
|
8,381
|
|
|
|
248
|
|
|
ViroPharma, Inc.*
|
|
|
5,384
|
|
|
|
344
|
|
|
Vivus, Inc.*
|
|
|
7,234
|
|
|
|
607
|
|
|
Warner Chilcott plc, Class A*
|
|
|
10,319
|
|
|
|
447
|
|
|
Watson Pharmaceuticals, Inc.*
|
|
|
34,790
|
|
|
|
|
|
|
|
|
|
2,831,317
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $5,033,571)
|
|
|
5,904,862
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $5,033,571) — 100.1%
|
|
|
5,904,862
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.1%)
|
|
|
(5,095
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
5,899,767
|
|
|
*
|
Non-income producing security.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
998,109
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(150,132
|
)
|
|
Net unrealized appreciation
|
|
$
|
847,977
|
|
|
Federal income tax cost of investments
|
|
$
|
5,056,885
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Industrials Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense
-
17.2%
|
|
|
|
|
|
|
92
|
|
|
Alliant Techsystems, Inc.
|
|
$
|
4,261
|
|
|
|
268
|
|
|
BE Aerospace, Inc.*
|
|
|
10,514
|
|
|
|
1,842
|
|
|
Boeing Co./The
|
|
|
136,142
|
|
|
|
44
|
|
|
Cubic Corp.
|
|
|
2,128
|
|
|
|
130
|
|
|
Curtiss-Wright Corp.
|
|
|
3,896
|
|
|
|
—
|
#
|
|
Engility Holdings, Inc.*
|
|
|
12
|
|
|
|
85
|
|
|
Esterline Technologies Corp.*
|
|
|
4,991
|
|
|
|
839
|
|
|
General Dynamics Corp.
|
|
|
53,226
|
|
|
|
44
|
|
|
HEICO Corp.
|
|
|
1,570
|
|
|
|
80
|
|
|
HEICO Corp., Class A
|
|
|
2,358
|
|
|
|
274
|
|
|
Hexcel Corp.*
|
|
|
6,382
|
|
|
|
1,986
|
|
|
Honeywell International, Inc.
|
|
|
115,287
|
|
|
|
127
|
|
|
Huntington Ingalls Industries, Inc.*
|
|
|
4,952
|
|
|
|
271
|
|
|
L-3 Communications Holdings, Inc.
|
|
|
19,211
|
|
|
|
717
|
|
|
Lockheed Martin Corp.
|
|
|
64,007
|
|
|
|
117
|
|
|
Moog, Inc., Class A*
|
|
|
4,258
|
|
|
|
652
|
|
|
Northrop Grumman Corp.
|
|
|
43,162
|
|
|
|
400
|
|
|
Precision Castparts Corp.
|
|
|
62,224
|
|
|
|
926
|
|
|
Raytheon Co.
|
|
|
51,375
|
|
|
|
407
|
|
|
Rockwell Collins, Inc.
|
|
|
20,582
|
|
|
|
327
|
|
|
Spirit AeroSystems Holdings, Inc., Class A*
|
|
|
7,685
|
|
|
|
102
|
|
|
Teledyne Technologies, Inc.*
|
|
|
6,355
|
|
|
|
778
|
|
|
Textron, Inc.
|
|
|
20,267
|
|
|
|
128
|
|
|
TransDigm Group, Inc.*
|
|
|
15,790
|
|
|
|
108
|
|
|
Triumph Group, Inc.
|
|
|
6,753
|
|
|
|
2,200
|
|
|
United Technologies Corp.
|
|
|
163,768
|
|
|
|
|
|
|
|
|
|
831,156
|
|
|
|
|
|
|
Agricultural Products
-
0.1%
|
|
|
|
|
|
|
325
|
|
|
Darling International, Inc.*
|
|
|
5,369
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Air Freight & Logistics
-
5.9%
|
|
|
|
|
|
|
73
|
|
|
Atlas Air Worldwide Holdings, Inc.*
|
|
|
3,311
|
|
|
|
457
|
|
|
CH Robinson Worldwide, Inc.
|
|
|
24,153
|
|
|
|
593
|
|
|
Expeditors International of Washington, Inc.
|
|
|
21,093
|
|
|
|
818
|
|
|
FedEx Corp.
|
|
|
73,865
|
|
|
|
79
|
|
|
Forward Air Corp.
|
|
|
2,643
|
|
|
|
103
|
|
|
Hub Group, Inc., Class A*
|
|
|
3,064
|
|
|
|
2,011
|
|
|
United Parcel Service, Inc., Class B
|
|
|
152,052
|
|
|
|
283
|
|
|
UTi Worldwide, Inc.
|
|
|
3,750
|
|
|
|
|
|
|
|
|
|
283,931
|
|
|
|
|
|
|
Airlines
-
1.7%
|
|
|
|
|
|
|
200
|
|
|
Alaska Air Group, Inc.*
|
|
|
6,970
|
|
|
|
42
|
|
|
Allegiant Travel Co.*
|
|
|
2,984
|
|
|
|
2,352
|
|
|
Delta Air Lines, Inc.*
|
|
|
22,697
|
|
|
|
665
|
|
|
JetBlue Airways Corp.*
|
|
|
3,664
|
|
|
|
2,136
|
|
|
Southwest Airlines Co.
|
|
|
19,630
|
|
|
|
72
|
|
|
Spirit Airlines, Inc.*
|
|
|
1,549
|
|
|
|
920
|
|
|
United Continental Holdings, Inc.*
|
|
|
17,379
|
|
|
|
448
|
|
|
US Airways Group, Inc.*
|
|
|
5,134
|
|
|
|
|
|
|
|
|
|
80,007
|
|
|
|
|
|
|
Airport Services
-
0.0%†
|
|
|
|
|
|
|
59
|
|
|
Wesco Aircraft Holdings, Inc.*
|
|
|
788
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Application Software
-
0.3%
|
|
|
|
|
|
|
115
|
|
|
FactSet Research Systems, Inc.
|
|
|
10,690
|
|
|
|
95
|
|
|
Fair Isaac Corp.
|
|
|
4,113
|
|
|
|
|
|
|
|
|
|
14,803
|
|
|
|
|
|
|
Building Products
-
0.2%
|
|
|
|
|
|
|
110
|
|
|
AO Smith Corp.
|
|
|
5,436
|
|
|
|
112
|
|
|
Simpson Manufacturing Co., Inc.
|
|
|
2,715
|
|
|
|
|
|
|
|
|
|
8,151
|
|
|
|
|
|
|
Commercial Printing
-
0.2%
|
|
|
|
|
|
|
143
|
|
|
Deluxe Corp.
|
|
|
4,050
|
|
|
|
502
|
|
|
R.R. Donnelley & Sons Co.
|
|
|
6,084
|
|
|
|
|
|
|
|
|
|
10,134
|
|
|
|
|
|
|
Commodity Chemicals
-
0.0%†
|
|
|
|
|
|
|
155
|
|
|
Calgon Carbon Corp.*
|
|
|
2,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computer & Electronics Retail
-
0.1%
|
|
|
|
|
|
|
164
|
|
|
Rent-A-Center, Inc.
|
|
|
5,832
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computer Hardware
-
0.1%
|
|
|
|
|
|
|
174
|
|
|
Diebold, Inc.
|
|
|
5,629
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering
-
1.9%
|
|
|
|
|
|
|
274
|
|
|
AECOM Technology Corp.*
|
|
|
4,442
|
|
|
|
185
|
|
|
EMCOR Group, Inc.
|
|
|
4,871
|
|
|
|
472
|
|
|
Fluor Corp.
|
|
|
23,402
|
|
|
|
95
|
|
|
Granite Construction, Inc.
|
|
|
2,461
|
|
|
|
355
|
|
|
Jacobs Engineering Group, Inc.*
|
|
|
13,692
|
|
|
|
414
|
|
|
KBR, Inc.
|
|
|
10,863
|
|
|
|
168
|
|
|
MasTec, Inc.*
|
|
|
2,681
|
|
|
|
577
|
|
|
Quanta Services, Inc.*
|
|
|
13,265
|
|
|
|
181
|
|
|
Shaw Group, Inc./The*
|
|
|
7,050
|
|
|
|
211
|
|
|
URS Corp.
|
|
|
7,400
|
|
|
|
|
|
|
|
|
|
90,127
|
|
|
|
|
|
|
Construction & Farm Machinery & Heavy Trucks
-
8.0%
|
|
|
|
|
|
|
268
|
|
|
AGCO Corp.*
|
|
|
11,749
|
|
|
|
1,628
|
|
|
Caterpillar, Inc.
|
|
|
137,094
|
|
|
|
73
|
|
|
CNH Global N.V.*
|
|
|
2,783
|
|
|
|
479
|
|
|
Cummins, Inc.
|
|
|
45,936
|
|
|
|
1,118
|
|
|
Deere & Co.
|
|
|
85,885
|
|
|
|
294
|
|
|
Joy Global, Inc.
|
|
|
15,270
|
|
|
|
365
|
|
|
Manitowoc Co., Inc./The
|
|
|
4,380
|
|
|
|
16
|
|
|
NACCO Industries, Inc., Class A
|
|
|
1,602
|
|
|
|
171
|
|
|
Navistar International Corp.*
|
|
|
4,207
|
|
|
|
252
|
|
|
Oshkosh Corp.*
|
|
|
5,675
|
|
|
|
997
|
|
|
PACCAR, Inc.
|
|
|
39,890
|
|
|
|
30
|
|
|
Sauer-Danfoss, Inc.
|
|
|
1,086
|
|
|
|
305
|
|
|
Terex Corp.*
|
|
|
5,947
|
|
|
|
165
|
|
|
Toro Co./The
|
|
|
6,204
|
|
|
|
221
|
|
|
Trinity Industries, Inc.
|
|
|
6,188
|
|
|
|
134
|
|
|
Wabtec Corp.
|
|
|
10,610
|
|
|
|
|
|
|
|
|
|
384,506
|
|
|
|
|
|
|
Consumer Finance
-
0.0%†
|
|
|
|
|
|
|
56
|
|
|
Green Dot Corp., Class A*
|
|
|
585
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Data Processing & Outsourced Services
-
5.6%
|
|
|
|
|
|
|
139
|
|
|
Alliance Data Systems Corp.*
|
|
|
18,070
|
|
|
|
1,371
|
|
|
Automatic Data Processing, Inc.
|
|
|
77,530
|
|
|
|
343
|
|
|
Broadridge Financial Solutions, Inc.
|
|
|
7,261
|
|
|
|
121
|
|
|
Cardtronics, Inc.*
|
|
|
3,752
|
|
|
|
296
|
|
|
CoreLogic, Inc.*
|
|
|
6,808
|
|
|
|
98
|
|
|
DST Systems, Inc.
|
|
|
5,282
|
|
|
|
135
|
|
|
Euronet Worldwide, Inc.*
|
|
|
2,468
|
|
|
|
68
|
|
|
ExlService Holdings, Inc.*
|
|
|
1,676
|
|
|
|
699
|
|
|
Fidelity National Information Services, Inc.
|
|
|
21,977
|
|
|
|
380
|
|
|
Fiserv, Inc.*
|
|
|
26,649
|
|
|
|
124
|
|
|
FleetCor Technologies, Inc.*
|
|
|
4,578
|
|
|
|
294
|
|
|
Genpact Ltd.*
|
|
|
5,122
|
|
|
|
218
|
|
|
Global Payments, Inc.
|
|
|
9,335
|
|
|
|
102
|
|
|
Heartland Payment Systems, Inc.
|
|
|
3,233
|
|
|
|
90
|
|
|
Higher One Holdings, Inc.*
|
|
|
998
|
|
|
|
240
|
|
|
Jack Henry & Associates, Inc.
|
|
|
8,335
|
|
|
|
235
|
|
|
Lender Processing Services, Inc.
|
|
|
5,798
|
|
|
|
902
|
|
|
Paychex, Inc.
|
|
|
29,486
|
|
|
|
68
|
|
|
TeleTech Holdings, Inc.*
|
|
|
1,119
|
|
|
|
526
|
|
|
Total System Services, Inc.
|
|
|
12,440
|
|
|
|
82
|
|
|
Vantiv, Inc., Class A*
|
|
|
1,850
|
|
|
|
295
|
|
|
VeriFone Systems, Inc.*
|
|
|
10,706
|
|
|
|
108
|
|
|
Wright Express Corp.*
|
|
|
6,953
|
|
|
|
|
|
|
|
|
|
271,426
|
|
|
|
|
|
|
Distributors
-
0.9%
|
|
|
|
|
|
|
433
|
|
|
Genuine Parts Co.
|
|
|
27,725
|
|
|
|
410
|
|
|
LKQ Corp.*
|
|
|
14,485
|
|
|
|
|
|
|
|
|
|
42,210
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Industrials Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Diversified Chemicals
-
2.0%
|
|
|
|
|
|
|
3,327
|
|
|
Dow Chemical Co./The
|
|
$
|
95,751
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Support Services
-
0.5%
|
|
|
|
|
|
|
174
|
|
|
Healthcare Services Group, Inc.
|
|
|
3,772
|
|
|
|
435
|
|
|
Iron Mountain, Inc.
|
|
|
14,012
|
|
|
|
106
|
|
|
Mobile Mini, Inc.*
|
|
|
1,518
|
|
|
|
47
|
|
|
Portfolio Recovery Associates, Inc.*
|
|
|
3,980
|
|
|
|
|
|
|
|
|
|
23,282
|
|
|
|
|
|
|
Electrical Components & Equipment
-
4.4%
|
|
|
|
|
|
|
671
|
|
|
AMETEK, Inc.
|
|
|
20,801
|
|
|
|
127
|
|
|
Belden, Inc.
|
|
|
4,080
|
|
|
|
137
|
|
|
Brady Corp., Class A
|
|
|
3,635
|
|
|
|
440
|
|
|
Cooper Industries plc
|
|
|
31,627
|
|
|
|
2,046
|
|
|
Emerson Electric Co.
|
|
|
97,737
|
|
|
|
133
|
|
|
EnerSys, Inc.*
|
|
|
4,542
|
|
|
|
54
|
|
|
Franklin Electric Co., Inc.
|
|
|
3,046
|
|
|
|
138
|
|
|
General Cable Corp.*
|
|
|
3,606
|
|
|
|
364
|
|
|
GrafTech International Ltd.*
|
|
|
3,804
|
|
|
|
112
|
|
|
Polypore International, Inc.*
|
|
|
4,162
|
|
|
|
116
|
|
|
Regal-Beloit Corp.
|
|
|
7,467
|
|
|
|
399
|
|
|
Rockwell Automation, Inc.
|
|
|
26,877
|
|
|
|
|
|
|
|
|
|
211,384
|
|
|
|
|
|
|
Electronic Components
-
0.1%
|
|
|
|
|
|
|
64
|
|
|
Littelfuse, Inc.
|
|
|
3,433
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment & Instruments
-
0.2%
|
|
|
|
|
|
|
429
|
|
|
FLIR Systems, Inc.
|
|
|
8,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Environmental & Facilities Services
-
2.5%
|
|
|
|
|
|
|
123
|
|
|
ABM Industries, Inc.
|
|
|
2,288
|
|
|
|
129
|
|
|
Clean Harbors, Inc.*
|
|
|
7,810
|
|
|
|
315
|
|
|
Covanta Holding Corp.
|
|
|
5,412
|
|
|
|
845
|
|
|
Republic Services, Inc.
|
|
|
24,446
|
|
|
|
209
|
|
|
Rollins, Inc.
|
|
|
4,928
|
|
|
|
237
|
|
|
Stericycle, Inc.*
|
|
|
22,005
|
|
|
|
173
|
|
|
Tetra Tech, Inc.*
|
|
|
4,448
|
|
|
|
326
|
|
|
Waste Connections, Inc.
|
|
|
10,031
|
|
|
|
1,204
|
|
|
Waste Management, Inc.
|
|
|
41,417
|
|
|
|
|
|
|
|
|
|
122,785
|
|
|
|
|
|
|
Health Care Services
-
0.3%
|
|
|
|
|
|
|
32
|
|
|
Air Methods Corp.*
|
|
|
3,489
|
|
|
|
236
|
|
|
HMS Holdings Corp.*
|
|
|
8,121
|
|
|
|
102
|
|
|
Team Health Holdings, Inc.*
|
|
|
2,723
|
|
|
|
|
|
|
|
|
|
14,333
|
|
|
|
|
|
|
Heavy Electrical Equipment
-
0.2%
|
|
|
|
|
|
|
330
|
|
|
Babcock & Wilcox Co./The*
|
|
|
8,283
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Homefurnishing Retail
-
0.1%
|
|
|
|
|
|
|
197
|
|
|
Aaron's, Inc.
|
|
|
5,778
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Household Products
-
0.1%
|
|
|
|
|
|
|
70
|
|
|
Spectrum Brands Holdings, Inc.*
|
|
|
2,578
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Human Resource & Employment Services
-
0.6%
|
|
|
|
|
|
|
131
|
|
|
Korn/Ferry International*
|
|
|
1,724
|
|
|
|
223
|
|
|
Manpower, Inc.
|
|
|
7,934
|
|
|
|
398
|
|
|
Robert Half International, Inc.
|
|
|
10,750
|
|
|
|
163
|
|
|
Towers Watson & Co., Class A
|
|
|
9,557
|
|
|
|
|
|
|
|
|
|
29,965
|
|
|
|
|
|
|
Industrial Conglomerates
-
19.2%
|
|
|
|
|
|
|
1,788
|
|
|
3M Co.
|
|
|
163,119
|
|
|
|
1,600
|
|
|
Danaher Corp.
|
|
|
84,496
|
|
|
|
29,380
|
|
|
General Electric Co.
|
|
|
609,635
|
|
|
|
1,285
|
|
|
Tyco International Ltd.
|
|
|
70,598
|
|
|
|
|
|
|
|
|
|
927,848
|
|
|
|
|
|
|
Industrial Gases
-
2.1%
|
|
|
|
|
|
|
181
|
|
|
Airgas, Inc.
|
|
|
14,357
|
|
|
|
830
|
|
|
Praxair, Inc.
|
|
|
86,121
|
|
|
|
|
|
|
|
|
|
100,478
|
|
|
|
|
|
|
Industrial Machinery
-
9.5%
|
|
|
|
|
|
|
191
|
|
|
Actuant Corp., Class A
|
|
|
5,436
|
|
|
|
131
|
|
|
Barnes Group, Inc.
|
|
|
3,126
|
|
|
|
135
|
|
|
Briggs & Stratton Corp.
|
|
|
2,354
|
|
|
|
82
|
|
|
Chart Industries, Inc.*
|
|
|
5,318
|
|
|
|
140
|
|
|
CLARCOR, Inc.
|
|
|
6,769
|
|
|
|
126
|
|
|
Colfax Corp.*
|
|
|
3,646
|
|
|
|
141
|
|
|
Crane Co.
|
|
|
5,499
|
|
|
|
385
|
|
|
Donaldson Co., Inc.
|
|
|
13,140
|
|
|
|
511
|
|
|
Dover Corp.
|
|
|
27,834
|
|
|
|
930
|
|
|
Eaton Corp.
|
|
|
40,771
|
|
|
|
152
|
|
|
Flowserve Corp.
|
|
|
18,237
|
|
|
|
139
|
|
|
Gardner Denver, Inc.
|
|
|
7,920
|
|
|
|
169
|
|
|
Graco, Inc.
|
|
|
7,754
|
|
|
|
231
|
|
|
IDEX Corp.
|
|
|
8,813
|
|
|
|
1,155
|
|
|
Illinois Tool Works, Inc.
|
|
|
62,763
|
|
|
|
831
|
|
|
Ingersoll-Rand plc
|
|
|
35,243
|
|
|
|
258
|
|
|
ITT Corp.
|
|
|
4,835
|
|
|
|
90
|
|
|
Kaydon Corp.
|
|
|
1,899
|
|
|
|
221
|
|
|
Kennametal, Inc.
|
|
|
8,155
|
|
|
|
235
|
|
|
Lincoln Electric Holdings, Inc.
|
|
|
9,372
|
|
|
|
52
|
|
|
Middleby Corp.*
|
|
|
5,092
|
|
|
|
105
|
|
|
Mueller Industries, Inc.
|
|
|
4,476
|
|
|
|
165
|
|
|
Nordson Corp.
|
|
|
8,458
|
|
|
|
322
|
|
|
Pall Corp.
|
|
|
17,198
|
|
|
|
421
|
|
|
Parker Hannifin Corp.
|
|
|
33,815
|
|
|
|
274
|
|
|
Pentair, Inc.
|
|
|
12,009
|
|
|
|
13
|
|
|
Proto Labs, Inc.*
|
|
|
492
|
|
|
|
61
|
|
|
RBC Bearings, Inc.*
|
|
|
2,857
|
|
|
|
65
|
|
|
Rexnord Corp.*
|
|
|
1,261
|
|
|
|
103
|
|
|
Robbins & Myers, Inc.
|
|
|
4,722
|
|
|
|
162
|
|
|
Snap-on, Inc.
|
|
|
10,980
|
|
|
|
142
|
|
|
SPX Corp.
|
|
|
8,622
|
|
|
|
472
|
|
|
Stanley Black & Decker, Inc.
|
|
|
31,572
|
|
|
|
219
|
|
|
Timken Co.
|
|
|
7,928
|
|
|
|
63
|
|
|
Valmont Industries, Inc.
|
|
|
7,804
|
|
|
|
84
|
|
|
Watts Water Technologies, Inc., Class A
|
|
|
2,826
|
|
|
|
162
|
|
|
Woodward, Inc.
|
|
|
5,438
|
|
|
|
516
|
|
|
Xylem, Inc.
|
|
|
12,374
|
|
|
|
|
|
|
|
|
|
456,808
|
|
|
|
|
|
|
Internet Software & Services
-
0.1%
|
|
|
|
|
|
|
343
|
|
|
Monster Worldwide, Inc.*
|
|
|
2,487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IT Consulting & Other Services
-
0.4%
|
|
|
|
|
|
|
68
|
|
|
Booz Allen Hamilton Holding Corp.
|
|
|
1,185
|
|
|
|
40
|
|
|
Forrester Research, Inc.
|
|
|
1,142
|
|
|
|
94
|
|
|
MAXIMUS, Inc.
|
|
|
4,747
|
|
|
|
949
|
|
|
SAIC, Inc.
|
|
|
10,980
|
|
|
|
|
|
|
|
|
|
18,054
|
|
|
|
|
|
|
Marine
-
0.2%
|
|
|
|
|
|
|
155
|
|
|
Kirby Corp.*
|
|
|
8,179
|
|
|
|
117
|
|
|
Matson, Inc.
|
|
|
2,874
|
|
|
|
|
|
|
|
|
|
11,053
|
|
|
|
|
|
|
Multi-Sector Holdings
-
0.2%
|
|
|
|
|
|
|
538
|
|
|
Leucadia National Corp.
|
|
|
11,664
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Electronics
-
0.5%
|
|
|
|
|
|
|
3,751
|
|
|
Xerox Corp.
|
|
|
25,994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Services & Supplies
-
0.6%
|
|
|
|
|
|
|
309
|
|
|
ACCO Brands Corp.*
|
|
|
2,617
|
|
|
|
288
|
|
|
Avery Dennison Corp.
|
|
|
8,867
|
|
|
|
162
|
|
|
Herman Miller, Inc.
|
|
|
2,965
|
|
|
|
103
|
|
|
HNI Corp.
|
|
|
2,737
|
|
|
|
511
|
|
|
Pitney Bowes, Inc.
|
|
|
6,827
|
|
|
|
241
|
|
|
Steelcase, Inc., Class A
|
|
|
2,065
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Industrials Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
113
|
|
|
United Stationers, Inc.
|
|
$
|
2,849
|
|
|
|
|
|
|
|
|
|
28,927
|
|
|
|
|
|
|
Oil & Gas Equipment & Services
-
0.3%
|
|
|
|
|
|
|
650
|
|
|
McDermott International, Inc.*
|
|
|
7,605
|
|
|
|
143
|
|
|
Tidewater, Inc.
|
|
|
6,946
|
|
|
|
|
|
|
|
|
|
14,551
|
|
|
|
|
|
|
Oil & Gas Storage & Transportation
-
0.1%
|
|
|
|
|
|
|
145
|
|
|
Nordic American Tankers Ltd.
|
|
|
1,696
|
|
|
|
120
|
|
|
Ship Finance International Ltd.
|
|
|
1,738
|
|
|
|
112
|
|
|
Teekay Corp.
|
|
|
3,442
|
|
|
|
|
|
|
|
|
|
6,876
|
|
|
|
|
|
|
Publishing
-
0.1%
|
|
|
|
|
|
|
71
|
|
|
Morningstar, Inc.
|
|
|
4,123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Railroads
-
6.8%
|
|
|
|
|
|
|
2,892
|
|
|
CSX Corp.
|
|
|
66,342
|
|
|
|
112
|
|
|
Genesee & Wyoming, Inc., Class A*
|
|
|
6,951
|
|
|
|
305
|
|
|
Kansas City Southern
|
|
|
22,204
|
|
|
|
907
|
|
|
Norfolk Southern Corp.
|
|
|
67,163
|
|
|
|
57
|
|
|
RailAmerica, Inc.*
|
|
|
1,564
|
|
|
|
1,325
|
|
|
Union Pacific Corp.
|
|
|
162,458
|
|
|
|
|
|
|
|
|
|
326,682
|
|
|
|
|
|
|
Real Estate Services
-
0.0%†
|
|
|
|
|
|
|
32
|
|
|
Zillow, Inc., Class A*
|
|
|
1,205
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Consulting Services
-
1.8%
|
|
|
|
|
|
|
119
|
|
|
Acacia Research Corp.*
|
|
|
3,369
|
|
|
|
90
|
|
|
Advisory Board Co./The*
|
|
|
4,049
|
|
|
|
93
|
|
|
Corporate Executive Board Co./The
|
|
|
4,290
|
|
|
|
133
|
|
|
Dun & Bradstreet Corp./The
|
|
|
10,665
|
|
|
|
337
|
|
|
Equifax, Inc.
|
|
|
15,785
|
|
|
|
116
|
|
|
FTI Consulting, Inc.*
|
|
|
2,961
|
|
|
|
63
|
|
|
Huron Consulting Group, Inc.*
|
|
|
2,122
|
|
|
|
159
|
|
|
IHS, Inc., Class A*
|
|
|
17,533
|
|
|
|
199
|
|
|
Nielsen Holdings NV*
|
|
|
5,672
|
|
|
|
60
|
|
|
RPX Corp.*
|
|
|
753
|
|
|
|
387
|
|
|
Verisk Analytics, Inc., Class A*
|
|
|
19,447
|
|
|
|
|
|
|
|
|
|
86,646
|
|
|
|
|
|
|
Security & Alarm Services
-
0.3%
|
|
|
|
|
|
|
131
|
|
|
Brink's Co./The
|
|
|
3,039
|
|
|
|
277
|
|
|
Corrections Corp. of America
|
|
|
8,609
|
|
|
|
171
|
|
|
Geo Group, Inc./The*
|
|
|
3,954
|
|
|
|
|
|
|
|
|
|
15,602
|
|
|
|
|
|
|
Semiconductor Equipment
-
0.1%
|
|
|
|
|
|
|
146
|
|
|
MKS Instruments, Inc.
|
|
|
3,854
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialized Consumer Services
-
0.1%
|
|
|
|
|
|
|
174
|
|
|
Hillenbrand, Inc.
|
|
|
3,009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialized Finance
-
0.2%
|
|
|
|
|
|
|
338
|
|
|
MSCI, Inc.*
|
|
|
11,205
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialized REITs
-
0.3%
|
|
|
|
|
|
|
338
|
|
|
Rayonier, Inc.
|
|
|
16,119
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Steel
-
0.3%
|
|
|
|
|
|
|
296
|
|
|
Allegheny Technologies, Inc.
|
|
|
8,889
|
|
|
|
128
|
|
|
Carpenter Technology Corp.
|
|
|
6,126
|
|
|
|
|
|
|
|
|
|
15,015
|
|
|
|
|
|
|
Technology Distributors
-
0.0%†
|
|
|
|
|
|
|
68
|
|
|
SYNNEX Corp.*
|
|
|
2,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors
-
2.2%
|
|
|
|
|
|
|
200
|
|
|
Air Lease Corp.*
|
|
|
3,936
|
|
|
|
132
|
|
|
Aircastle Ltd.
|
|
|
1,562
|
|
|
|
106
|
|
|
Applied Industrial Technologies, Inc.
|
|
|
3,939
|
|
|
|
821
|
|
|
Fastenal Co.
|
|
|
35,401
|
|
|
|
130
|
|
|
GATX Corp.
|
|
|
5,469
|
|
|
|
73
|
|
|
Kaman Corp.
|
|
|
2,378
|
|
|
|
62
|
|
|
MRC Global, Inc.*
|
|
|
1,433
|
|
|
|
129
|
|
|
MSC Industrial Direct Co., Inc., Class A
|
|
|
8,866
|
|
|
|
73
|
|
|
TAL International Group, Inc.
|
|
|
2,493
|
|
|
|
51
|
|
|
Textainer Group Holdings Ltd.
|
|
|
1,919
|
|
|
|
223
|
|
|
United Rentals, Inc.*
|
|
|
6,447
|
|
|
|
164
|
|
|
W.W. Grainger, Inc.
|
|
|
33,592
|
|
|
|
|
|
|
|
|
|
107,435
|
|
|
|
|
|
|
Trucking
-
1.4%
|
|
|
|
|
|
|
16
|
|
|
Amerco, Inc.
|
|
|
1,494
|
|
|
|
292
|
|
|
Avis Budget Group, Inc.*
|
|
|
4,196
|
|
|
|
155
|
|
|
Con-way, Inc.
|
|
|
5,521
|
|
|
|
78
|
|
|
Dollar Thrifty Automotive Group, Inc.*
|
|
|
5,803
|
|
|
|
148
|
|
|
Heartland Express, Inc.
|
|
|
2,057
|
|
|
|
658
|
|
|
Hertz Global Holdings, Inc.*
|
|
|
7,409
|
|
|
|
270
|
|
|
J.B. Hunt Transport Services, Inc.
|
|
|
14,855
|
|
|
|
158
|
|
|
Knight Transportation, Inc.
|
|
|
2,422
|
|
|
|
131
|
|
|
Landstar System, Inc.
|
|
|
6,473
|
|
|
|
152
|
|
|
Old Dominion Freight Line, Inc.*
|
|
|
6,445
|
|
|
|
142
|
|
|
Ryder System, Inc.
|
|
|
5,601
|
|
|
|
221
|
|
|
Swift Transportation Co.*
|
|
|
1,834
|
|
|
|
144
|
|
|
Werner Enterprises, Inc.
|
|
|
3,324
|
|
|
|
|
|
|
|
|
|
67,434
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $4,954,636)
|
|
|
4,828,513
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $4,954,636) — 100.0%
|
|
|
4,828,513
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
162
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
4,828,675
|
|
|
*
|
Non-income producing security.
|
|
#
|
Amount represents less than one share.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
257,992
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(394,213
|
)
|
|
Net unrealized depreciation
|
|
$
|
(136,221
|
)
|
|
Federal income tax cost of investments
|
|
$
|
4,964,734
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Real Estate Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Diversified Real Estate Activities
-
0.3%
|
|
|
|
|
|
|
1,035
|
|
|
St Joe Co./The*
|
|
$
|
17,522
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified REITs
-
5.8%
|
|
|
|
|
|
|
386
|
|
|
American Assets Trust, Inc.
|
|
|
10,036
|
|
|
|
1,789
|
|
|
American Realty Capital Trust, Inc.
|
|
|
19,715
|
|
|
|
3,008
|
|
|
Duke Realty Corp.
|
|
|
43,496
|
|
|
|
1,319
|
|
|
Liberty Property Trust
|
|
|
47,866
|
|
|
|
212
|
|
|
PS Business Parks, Inc.
|
|
|
14,333
|
|
|
|
2,080
|
|
|
Vornado Realty Trust
|
|
|
173,680
|
|
|
|
744
|
|
|
Washington Real Estate Investment Trust
|
|
|
19,865
|
|
|
|
|
|
|
|
|
|
328,991
|
|
|
|
|
|
|
Industrial REITs
-
3.7%
|
|
|
|
|
|
|
2,773
|
|
|
DCT Industrial Trust, Inc.
|
|
|
17,359
|
|
|
|
319
|
|
|
EastGroup Properties, Inc.
|
|
|
17,060
|
|
|
|
917
|
|
|
First Industrial Realty Trust, Inc.*
|
|
|
11,683
|
|
|
|
5,177
|
|
|
Prologis, Inc.
|
|
|
167,372
|
|
|
|
|
|
|
|
|
|
213,474
|
|
|
|
|
|
|
Internet Software & Services
-
0.4%
|
|
|
|
|
|
|
286
|
|
|
CoStar Group, Inc.*
|
|
|
23,603
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage REITs
-
10.2%
|
|
|
|
|
|
|
3,748
|
|
|
American Capital Agency Corp.
|
|
|
131,705
|
|
|
|
10,933
|
|
|
Annaly Capital Management, Inc.
|
|
|
190,562
|
|
|
|
1,551
|
|
|
Anworth Mortgage Asset Corp.
|
|
|
10,299
|
|
|
|
2,457
|
|
|
ARMOUR Residential REIT, Inc.
|
|
|
18,821
|
|
|
|
1,056
|
|
|
Capstead Mortgage Corp.
|
|
|
14,868
|
|
|
|
11,589
|
|
|
Chimera Investment Corp.
|
|
|
25,032
|
|
|
|
1,763
|
|
|
CYS Investments, Inc.
|
|
|
25,493
|
|
|
|
1,104
|
|
|
Hatteras Financial Corp.
|
|
|
32,292
|
|
|
|
1,303
|
|
|
Invesco Mortgage Capital, Inc.
|
|
|
25,786
|
|
|
|
4,021
|
|
|
MFA Financial, Inc.
|
|
|
32,490
|
|
|
|
799
|
|
|
Redwood Trust, Inc.
|
|
|
10,299
|
|
|
|
1,314
|
|
|
Starwood Property Trust, Inc.
|
|
|
29,250
|
|
|
|
2,983
|
|
|
Two Harbors Investment Corp.
|
|
|
34,215
|
|
|
|
|
|
|
|
|
|
581,112
|
|
|
|
|
|
|
Office REITs
-
12.7%
|
|
|
|
|
|
|
699
|
|
|
Alexandria Real Estate Equities, Inc.
|
|
|
51,362
|
|
|
|
1,732
|
|
|
BioMed Realty Trust, Inc.
|
|
|
32,562
|
|
|
|
1,682
|
|
|
Boston Properties, Inc.
|
|
|
186,534
|
|
|
|
1,617
|
|
|
Brandywine Realty Trust
|
|
|
19,210
|
|
|
|
944
|
|
|
CommonWealth REIT
|
|
|
17,218
|
|
|
|
812
|
|
|
Corporate Office Properties Trust
|
|
|
18,075
|
|
|
|
1,374
|
|
|
Digital Realty Trust, Inc.
|
|
|
107,268
|
|
|
|
1,576
|
|
|
Douglas Emmett, Inc.
|
|
|
37,052
|
|
|
|
714
|
|
|
DuPont Fabros Technology, Inc.
|
|
|
19,207
|
|
|
|
846
|
|
|
Franklin Street Properties Corp.
|
|
|
8,773
|
|
|
|
419
|
|
|
Government Properties Income Trust
|
|
|
9,595
|
|
|
|
834
|
|
|
Highwoods Properties, Inc.
|
|
|
28,248
|
|
|
|
772
|
|
|
Kilroy Realty Corp.
|
|
|
36,546
|
|
|
|
1,533
|
|
|
Lexington Realty Trust
|
|
|
13,705
|
|
|
|
982
|
|
|
Mack-Cali Realty Corp.
|
|
|
26,308
|
|
|
|
1,949
|
|
|
Piedmont Office Realty Trust, Inc., Class A
|
|
|
33,250
|
|
|
|
1,012
|
|
|
SL Green Realty Corp.
|
|
|
79,695
|
|
|
|
|
|
|
|
|
|
724,608
|
|
|
|
|
|
|
Real Estate Development
-
0.3%
|
|
|
|
|
|
|
285
|
|
|
Howard Hughes Corp./The*
|
|
|
17,564
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Operating Companies
-
0.4%
|
|
|
|
|
|
|
1,510
|
|
|
Forest City Enterprises, Inc., Class A*
|
|
|
21,306
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Services
-
1.5%
|
|
|
|
|
|
|
3,382
|
|
|
CBRE Group, Inc., Class A*
|
|
|
52,692
|
|
|
|
490
|
|
|
Jones Lang LaSalle, Inc.
|
|
|
32,678
|
|
|
|
|
|
|
|
|
|
85,370
|
|
|
|
|
|
|
Residential REITs
-
15.4%
|
|
|
|
|
|
|
1,012
|
|
|
American Campus Communities, Inc.
|
|
|
48,232
|
|
|
|
1,364
|
|
|
Apartment Investment & Management Co., Class A
|
|
|
37,414
|
|
|
|
1,073
|
|
|
AvalonBay Communities, Inc.
|
|
|
157,828
|
|
|
|
871
|
|
|
BRE Properties, Inc.
|
|
|
45,884
|
|
|
|
906
|
|
|
Camden Property Trust
|
|
|
64,607
|
|
|
|
984
|
|
|
Colonial Properties Trust
|
|
|
22,288
|
|
|
|
1,051
|
|
|
Education Realty Trust, Inc.
|
|
|
12,318
|
|
|
|
466
|
|
|
Equity Lifestyle Properties, Inc.
|
|
|
33,515
|
|
|
|
3,392
|
|
|
Equity Residential
|
|
|
214,747
|
|
|
|
398
|
|
|
Essex Property Trust, Inc.
|
|
|
62,629
|
|
|
|
545
|
|
|
Home Properties, Inc.
|
|
|
35,757
|
|
|
|
462
|
|
|
Mid-America Apartment Communities, Inc.
|
|
|
31,984
|
|
|
|
601
|
|
|
Post Properties, Inc.
|
|
|
31,042
|
|
|
|
276
|
|
|
Sun Communities, Inc.
|
|
|
12,859
|
|
|
|
2,580
|
|
|
UDR, Inc.
|
|
|
68,654
|
|
|
|
|
|
|
|
|
|
879,758
|
|
|
|
|
|
|
Retail REITs
-
22.1%
|
|
|
|
|
|
|
495
|
|
|
Acadia Realty Trust
|
|
|
11,850
|
|
|
|
31
|
|
|
Alexander's, Inc.
|
|
|
13,245
|
|
|
|
1,672
|
|
|
CBL & Associates Properties, Inc.
|
|
|
32,989
|
|
|
|
2,613
|
|
|
DDR Corp.
|
|
|
39,300
|
|
|
|
699
|
|
|
Equity One, Inc.
|
|
|
15,161
|
|
|
|
719
|
|
|
Federal Realty Investment Trust
|
|
|
78,127
|
|
|
|
4,343
|
|
|
General Growth Properties, Inc.
|
|
|
78,695
|
|
|
|
1,574
|
|
|
Glimcher Realty Trust
|
|
|
15,771
|
|
|
|
4,588
|
|
|
Kimco Realty Corp.
|
|
|
89,420
|
|
|
|
1,489
|
|
|
Macerich Co./The
|
|
|
86,973
|
|
|
|
1,082
|
|
|
National Retail Properties, Inc.
|
|
|
31,919
|
|
|
|
1,504
|
|
|
Realty Income Corp.
|
|
|
61,965
|
|
|
|
1,015
|
|
|
Regency Centers Corp.
|
|
|
48,568
|
|
|
|
363
|
|
|
Retail Properties of America, Inc., Class A
|
|
|
3,619
|
|
|
|
3,305
|
|
|
Simon Property Group, Inc.
|
|
|
530,419
|
|
|
|
1,035
|
|
|
Tanger Factory Outlet Centers
|
|
|
33,327
|
|
|
|
653
|
|
|
Taubman Centers, Inc.
|
|
|
50,621
|
|
|
|
1,364
|
|
|
Weingarten Realty Investors
|
|
|
36,664
|
|
|
|
|
|
|
|
|
|
1,258,633
|
|
|
|
|
|
|
Specialized REITs
-
27.2%
|
|
|
|
|
|
|
1,287
|
|
|
CubeSmart
|
|
|
15,431
|
|
|
|
2,126
|
|
|
DiamondRock Hospitality Co.
|
|
|
20,112
|
|
|
|
525
|
|
|
Entertainment Properties Trust
|
|
|
23,709
|
|
|
|
1,172
|
|
|
Extra Space Storage, Inc.
|
|
|
38,371
|
|
|
|
4,733
|
|
|
HCP, Inc.
|
|
|
223,445
|
|
|
|
2,411
|
|
|
Health Care REIT, Inc.
|
|
|
150,037
|
|
|
|
879
|
|
|
Healthcare Realty Trust, Inc.
|
|
|
21,588
|
|
|
|
1,991
|
|
|
Hersha Hospitality Trust
|
|
|
9,676
|
|
|
|
1,393
|
|
|
Hospitality Properties Trust
|
|
|
33,808
|
|
|
|
8,103
|
|
|
Host Hotels & Resorts, Inc.
|
|
|
118,952
|
|
|
|
960
|
|
|
LaSalle Hotel Properties
|
|
|
25,210
|
|
|
|
342
|
|
|
LTC Properties, Inc.
|
|
|
12,209
|
|
|
|
1,530
|
|
|
Medical Properties Trust, Inc.
|
|
|
15,071
|
|
|
|
265
|
|
|
National Health Investors, Inc.
|
|
|
14,228
|
|
|
|
1,194
|
|
|
Omega Healthcare Investors, Inc.
|
|
|
28,943
|
|
|
|
592
|
|
|
Pebblebrook Hotel Trust
|
|
|
13,450
|
|
|
|
1,838
|
|
|
Plum Creek Timber Co., Inc.
|
|
|
74,604
|
|
|
|
451
|
|
|
Potlatch Corp.
|
|
|
15,609
|
|
|
|
1,592
|
|
|
Public Storage
|
|
|
237,128
|
|
|
|
720
|
|
|
RLJ Lodging Trust
|
|
|
12,672
|
|
|
|
1,836
|
|
|
Senior Housing Properties Trust
|
|
|
41,769
|
|
|
|
327
|
|
|
Sovran Self Storage, Inc.
|
|
|
18,672
|
|
|
|
1,845
|
|
|
Strategic Hotels & Resorts, Inc.*
|
|
|
11,181
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Real Estate Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
1,345
|
|
|
Sunstone Hotel Investors, Inc.*
|
|
$
|
13,463
|
|
|
|
3,250
|
|
|
Ventas, Inc.
|
|
|
218,563
|
|
|
|
6,022
|
|
|
Weyerhaeuser Co.
|
|
|
140,614
|
|
|
|
|
|
|
|
|
|
1,548,515
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $5,012,129)
|
|
|
5,700,456
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
590
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $590)
|
|
|
590
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $5,012,719) — 100.0%
|
|
|
5,701,046
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(149
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
5,700,897
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
|
REIT
|
Real Estate Investment Trust
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
859,879
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(144,053
|
)
|
|
Net unrealized appreciation
|
|
$
|
715,826
|
|
|
Federal income tax cost of investments
|
|
$
|
4,985,220
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Technology Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense
-
0.1%
|
|
|
|
|
|
|
582
|
|
|
Exelis, Inc.
|
|
$
|
5,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Application Software
-
5.3%
|
|
|
|
|
|
|
124
|
|
|
ACI Worldwide, Inc.*
|
|
|
5,457
|
|
|
|
1,554
|
|
|
Adobe Systems, Inc.*
|
|
|
47,988
|
|
|
|
101
|
|
|
Advent Software, Inc.*
|
|
|
2,299
|
|
|
|
293
|
|
|
ANSYS, Inc.*
|
|
|
17,568
|
|
|
|
296
|
|
|
Aspen Technology, Inc.*
|
|
|
6,920
|
|
|
|
713
|
|
|
Autodesk, Inc.*
|
|
|
24,185
|
|
|
|
140
|
|
|
Blackbaud, Inc.
|
|
|
3,777
|
|
|
|
116
|
|
|
Bottomline Technologies, Inc.*
|
|
|
2,203
|
|
|
|
72
|
|
|
BroadSoft, Inc.*
|
|
|
1,768
|
|
|
|
863
|
|
|
Cadence Design Systems, Inc.*
|
|
|
10,546
|
|
|
|
591
|
|
|
Citrix Systems, Inc.*
|
|
|
42,954
|
|
|
|
688
|
|
|
Compuware Corp.*
|
|
|
6,336
|
|
|
|
689
|
|
|
Comverse Technology, Inc.*
|
|
|
3,741
|
|
|
|
147
|
|
|
Concur Technologies, Inc.*
|
|
|
9,928
|
|
|
|
58
|
|
|
Guidewire Software, Inc.*
|
|
|
1,488
|
|
|
|
341
|
|
|
Informatica Corp.*
|
|
|
10,063
|
|
|
|
859
|
|
|
Intuit, Inc.
|
|
|
49,839
|
|
|
|
133
|
|
|
JDA Software Group, Inc.*
|
|
|
3,934
|
|
|
|
51
|
|
|
Jive Software, Inc.*
|
|
|
1,022
|
|
|
|
75
|
|
|
Kenexa Corp.*
|
|
|
1,786
|
|
|
|
65
|
|
|
Manhattan Associates, Inc.*
|
|
|
3,035
|
|
|
|
296
|
|
|
Mentor Graphics Corp.*
|
|
|
4,523
|
|
|
|
26
|
|
|
MicroStrategy, Inc., Class A*
|
|
|
3,028
|
|
|
|
108
|
|
|
Netscout Systems, Inc.*
|
|
|
2,523
|
|
|
|
734
|
|
|
Nuance Communications, Inc.*
|
|
|
14,937
|
|
|
|
372
|
|
|
Parametric Technology Corp.*
|
|
|
8,013
|
|
|
|
51
|
|
|
Pegasystems, Inc.
|
|
|
1,417
|
|
|
|
244
|
|
|
QLIK Technologies, Inc.*
|
|
|
4,880
|
|
|
|
182
|
|
|
Quest Software, Inc.*
|
|
|
5,085
|
|
|
|
120
|
|
|
RealPage, Inc.*
|
|
|
2,666
|
|
|
|
394
|
|
|
Salesforce.com, Inc.*
|
|
|
48,998
|
|
|
|
181
|
|
|
SolarWinds, Inc.*
|
|
|
9,664
|
|
|
|
219
|
|
|
Solera Holdings, Inc.
|
|
|
8,552
|
|
|
|
44
|
|
|
Splunk, Inc.*
|
|
|
1,294
|
|
|
|
107
|
|
|
SS&C Technologies Holdings, Inc.*
|
|
|
2,600
|
|
|
|
97
|
|
|
Synchronoss Technologies, Inc.*
|
|
|
1,855
|
|
|
|
459
|
|
|
Synopsys, Inc.*
|
|
|
13,903
|
|
|
|
524
|
|
|
TIBCO Software, Inc.*
|
|
|
14,719
|
|
|
|
94
|
|
|
Tyler Technologies, Inc.*
|
|
|
3,668
|
|
|
|
84
|
|
|
Ultimate Software Group, Inc.*
|
|
|
7,515
|
|
|
|
70
|
|
|
Verint Systems, Inc.*
|
|
|
1,954
|
|
|
|
131
|
|
|
VirnetX Holding Corp.*
|
|
|
3,099
|
|
|
|
|
|
|
|
|
|
421,730
|
|
|
|
|
|
|
Casinos & Gaming
-
0.2%
|
|
|
|
|
|
|
136
|
|
|
Bally Technologies, Inc.*
|
|
|
5,945
|
|
|
|
944
|
|
|
International Game Technology
|
|
|
10,686
|
|
|
|
|
|
|
|
|
|
16,631
|
|
|
|
|
|
|
Communications Equipment
-
9.8%
|
|
|
|
|
|
|
176
|
|
|
Acme Packet, Inc.*
|
|
|
2,790
|
|
|
|
204
|
|
|
ADTRAN, Inc.
|
|
|
4,402
|
|
|
|
355
|
|
|
Arris Group, Inc.*
|
|
|
4,505
|
|
|
|
346
|
|
|
Aruba Networks, Inc.*
|
|
|
4,906
|
|
|
|
1,358
|
|
|
Brocade Communications Systems, Inc.*
|
|
|
6,749
|
|
|
|
311
|
|
|
Ciena Corp.*
|
|
|
4,985
|
|
|
|
16,921
|
|
|
Cisco Systems, Inc.
|
|
|
269,890
|
|
|
|
122
|
|
|
EchoStar Corp., Class A*
|
|
|
3,514
|
|
|
|
249
|
|
|
F5 Networks, Inc.*
|
|
|
23,252
|
|
|
|
282
|
|
|
Finisar Corp.*
|
|
|
3,505
|
|
|
|
358
|
|
|
Harris Corp.
|
|
|
14,911
|
|
|
|
161
|
|
|
Ixia*
|
|
|
2,496
|
|
|
|
729
|
|
|
JDS Uniphase Corp.*
|
|
|
7,173
|
|
|
|
1,662
|
|
|
Juniper Networks, Inc.*
|
|
|
29,135
|
|
|
|
38
|
|
|
Loral Space & Communications, Inc.
|
|
|
2,734
|
|
|
|
926
|
|
|
Motorola Solutions, Inc.
|
|
|
44,763
|
|
|
|
118
|
|
|
NETGEAR, Inc.*
|
|
|
4,086
|
|
|
|
135
|
|
|
Plantronics, Inc.
|
|
|
4,431
|
|
|
|
510
|
|
|
Polycom, Inc.*
|
|
|
4,457
|
|
|
|
5,396
|
|
|
QUALCOMM, Inc.
|
|
|
322,033
|
|
|
|
499
|
|
|
Riverbed Technology, Inc.*
|
|
|
8,802
|
|
|
|
1,044
|
|
|
Tellabs, Inc.
|
|
|
3,435
|
|
|
|
23
|
|
|
Ubiquiti Networks, Inc.*
|
|
|
325
|
|
|
|
133
|
|
|
ViaSat, Inc.*
|
|
|
5,094
|
|
|
|
|
|
|
|
|
|
782,373
|
|
|
|
|
|
|
Computer Hardware
-
23.3%
|
|
|
|
|
|
|
133
|
|
|
3D Systems Corp.*
|
|
|
5,054
|
|
|
|
2,738
|
|
|
Apple, Inc.*
|
|
|
1,672,261
|
|
|
|
4,887
|
|
|
Dell, Inc.*
|
|
|
58,058
|
|
|
|
6,254
|
|
|
Hewlett-Packard Co.
|
|
|
114,073
|
|
|
|
495
|
|
|
NCR Corp.*
|
|
|
11,543
|
|
|
|
67
|
|
|
Stratasys, Inc.*
|
|
|
4,106
|
|
|
|
|
|
|
|
|
|
1,865,095
|
|
|
|
|
|
|
Computer Storage & Peripherals
-
4.0%
|
|
|
|
|
|
|
6,609
|
|
|
EMC Corp.*
|
|
|
173,222
|
|
|
|
182
|
|
|
Fusion-io, Inc.*
|
|
|
3,480
|
|
|
|
224
|
|
|
Lexmark International, Inc., Class A
|
|
|
3,918
|
|
|
|
1,143
|
|
|
NetApp, Inc.*
|
|
|
37,342
|
|
|
|
310
|
|
|
QLogic Corp.*
|
|
|
3,577
|
|
|
|
767
|
|
|
SanDisk Corp.*
|
|
|
31,547
|
|
|
|
1,205
|
|
|
Seagate Technology plc
|
|
|
36,174
|
|
|
|
106
|
|
|
Synaptics, Inc.*
|
|
|
2,796
|
|
|
|
737
|
|
|
Western Digital Corp.*
|
|
|
29,310
|
|
|
|
|
|
|
|
|
|
321,366
|
|
|
|
|
|
|
Consumer Electronics
-
0.3%
|
|
|
|
|
|
|
388
|
|
|
Garmin Ltd.
|
|
|
14,981
|
|
|
|
221
|
|
|
Harman International Industries, Inc.
|
|
|
8,917
|
|
|
|
|
|
|
|
|
|
23,898
|
|
|
|
|
|
|
Data Processing & Outsourced Services
-
0.3%
|
|
|
|
|
|
|
484
|
|
|
Computer Sciences Corp.
|
|
|
11,916
|
|
|
|
320
|
|
|
Convergys Corp.
|
|
|
4,717
|
|
|
|
48
|
|
|
Syntel, Inc.
|
|
|
2,790
|
|
|
|
|
|
|
|
|
|
19,423
|
|
|
|
|
|
|
Electrical Components & Equipment
-
0.8%
|
|
|
|
|
|
|
133
|
|
|
Acuity Brands, Inc.
|
|
|
7,706
|
|
|
|
87
|
|
|
Generac Holdings, Inc.
|
|
|
1,985
|
|
|
|
166
|
|
|
Hubbell, Inc., Class B
|
|
|
13,659
|
|
|
|
166
|
|
|
II-VI, Inc.*
|
|
|
2,895
|
|
|
|
307
|
|
|
Roper Industries, Inc.
|
|
|
30,531
|
|
|
|
249
|
|
|
Sensata Technologies Holding N.V.*
|
|
|
7,149
|
|
|
|
|
|
|
|
|
|
63,925
|
|
|
|
|
|
|
Electronic Components
-
1.2%
|
|
|
|
|
|
|
56
|
|
|
Aeroflex Holding Corp.*
|
|
|
336
|
|
|
|
510
|
|
|
Amphenol Corp., Class A
|
|
|
30,029
|
|
|
|
162
|
|
|
AVX Corp.
|
|
|
1,578
|
|
|
|
4,777
|
|
|
Corning, Inc.
|
|
|
54,506
|
|
|
|
107
|
|
|
InvenSense, Inc.*
|
|
|
1,380
|
|
|
|
126
|
|
|
Universal Display Corp.*
|
|
|
4,002
|
|
|
|
451
|
|
|
Vishay Intertechnology, Inc.*
|
|
|
4,451
|
|
|
|
|
|
|
|
|
|
96,282
|
|
|
|
|
|
|
Electronic Equipment & Instruments
-
0.4%
|
|
|
|
|
|
|
121
|
|
|
Cognex Corp.
|
|
|
4,090
|
|
|
|
74
|
|
|
Coherent, Inc.*
|
|
|
3,613
|
|
|
|
52
|
|
|
FARO Technologies, Inc.*
|
|
|
2,238
|
|
|
|
118
|
|
|
FEI Co.
|
|
|
5,630
|
|
|
|
128
|
|
|
Itron, Inc.*
|
|
|
4,988
|
|
|
|
293
|
|
|
National Instruments Corp.
|
|
|
7,571
|
|
|
|
62
|
|
|
OSI Systems, Inc.*
|
|
|
4,001
|
|
|
|
|
|
|
|
|
|
32,131
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Technology Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
|
Electronic Manufacturing Services
-
1.4%
|
|
|
|
|
|
|
181
|
|
|
Benchmark Electronics, Inc.*
|
|
$
|
2,853
|
|
|
|
2,159
|
|
|
Flextronics International Ltd.*
|
|
|
13,839
|
|
|
|
102
|
|
|
IPG Photonics Corp.*
|
|
|
5,287
|
|
|
|
606
|
|
|
Jabil Circuit, Inc.
|
|
|
13,150
|
|
|
|
203
|
|
|
Molex, Inc.
|
|
|
5,099
|
|
|
|
251
|
|
|
Molex, Inc., Class A
|
|
|
5,191
|
|
|
|
109
|
|
|
Plexus Corp.*
|
|
|
3,131
|
|
|
|
1,340
|
|
|
TE Connectivity Ltd.
|
|
|
44,233
|
|
|
|
393
|
|
|
Trimble Navigation Ltd.*
|
|
|
17,394
|
|
|
|
168
|
|
|
TTM Technologies, Inc.*
|
|
|
1,838
|
|
|
|
|
|
|
|
|
|
112,015
|
|
|
|
|
|
|
Health Care Services
-
0.0%†
|
|
|
|
|
|
|
145
|
|
|
Accretive Health, Inc.*
|
|
|
1,969
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Care Technology
-
0.6%
|
|
|
|
|
|
|
586
|
|
|
Allscripts Healthcare Solutions, Inc.*
|
|
|
5,391
|
|
|
|
113
|
|
|
athenahealth, Inc.*
|
|
|
10,339
|
|
|
|
455
|
|
|
Cerner Corp.*
|
|
|
33,634
|
|
|
|
118
|
|
|
Quality Systems, Inc.
|
|
|
1,907
|
|
|
|
|
|
|
|
|
|
51,271
|
|
|
|
|
|
|
Home Entertainment Software
-
0.4%
|
|
|
|
|
|
|
1,295
|
|
|
Activision Blizzard, Inc.
|
|
|
15,579
|
|
|
|
1,052
|
|
|
Electronic Arts, Inc.*
|
|
|
11,593
|
|
|
|
281
|
|
|
Take-Two Interactive Software, Inc.*
|
|
|
2,467
|
|
|
|
314
|
|
|
Zynga, Inc., Class A*
|
|
|
926
|
|
|
|
|
|
|
|
|
|
30,565
|
|
|
|
|
|
|
Household Appliances
-
0.2%
|
|
|
|
|
|
|
242
|
|
|
Whirlpool Corp.
|
|
|
16,349
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates
-
0.1%
|
|
|
|
|
|
|
114
|
|
|
Raven Industries, Inc.
|
|
|
3,731
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Machinery
-
0.0%†
|
|
|
|
|
|
|
83
|
|
|
ESCO Technologies, Inc.
|
|
|
2,989
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Internet Retail
-
0.3%
|
|
|
|
|
|
|
1,014
|
|
|
Groupon, Inc.*
|
|
|
6,753
|
|
|
|
93
|
|
|
HomeAway, Inc.*
|
|
|
2,135
|
|
|
|
98
|
|
|
Shutterfly, Inc.*
|
|
|
3,218
|
|
|
|
315
|
|
|
TripAdvisor, Inc.*
|
|
|
11,784
|
|
|
|
|
|
|
|
|
|
23,890
|
|
|
|
|
|
|
Internet Software & Services
-
8.7%
|
|
|
|
|
|
|
108
|
|
|
Active Network, Inc./The*
|
|
|
1,532
|
|
|
|
565
|
|
|
Akamai Technologies, Inc.*
|
|
|
19,877
|
|
|
|
89
|
|
|
Ancestry.com, Inc.*
|
|
|
2,979
|
|
|
|
294
|
|
|
AOL, Inc.*
|
|
|
9,367
|
|
|
|
138
|
|
|
Bankrate, Inc.*
|
|
|
2,201
|
|
|
|
88
|
|
|
Cornerstone OnDemand, Inc.*
|
|
|
2,093
|
|
|
|
134
|
|
|
DealerTrack Holdings, Inc.*
|
|
|
3,909
|
|
|
|
28
|
|
|
ExactTarget, Inc.*
|
|
|
638
|
|
|
|
810
|
|
|
Google, Inc., Class A*
|
|
|
512,706
|
|
|
|
223
|
|
|
IAC/InterActiveCorp
|
|
|
11,732
|
|
|
|
146
|
|
|
j2 Global, Inc.
|
|
|
4,370
|
|
|
|
196
|
|
|
LinkedIn Corp., Class A*
|
|
|
20,119
|
|
|
|
70
|
|
|
LogMeIn, Inc.*
|
|
|
1,326
|
|
|
|
71
|
|
|
OpenTable, Inc.*
|
|
|
2,582
|
|
|
|
355
|
|
|
Rackspace Hosting, Inc.*
|
|
|
15,577
|
|
|
|
253
|
|
|
ValueClick, Inc.*
|
|
|
3,975
|
|
|
|
501
|
|
|
VeriSign, Inc.*
|
|
|
22,254
|
|
|
|
140
|
|
|
WebMD Health Corp.*
|
|
|
2,059
|
|
|
|
3,609
|
|
|
Yahoo!, Inc.*
|
|
|
57,167
|
|
|
|
23
|
|
|
Yelp, Inc.*
|
|
|
459
|
|
|
|
|
|
|
|
|
|
696,922
|
|
|
|
|
|
|
IT Consulting & Other Services
-
11.7%
|
|
|
|
|
|
|
2,016
|
|
|
Accenture plc, Class A
|
|
|
121,565
|
|
|
|
246
|
|
|
Acxiom Corp.*
|
|
|
4,125
|
|
|
|
550
|
|
|
Amdocs Ltd.*
|
|
|
16,363
|
|
|
|
83
|
|
|
CACI International, Inc., Class A*
|
|
|
4,685
|
|
|
|
955
|
|
|
Cognizant Technology Solutions Corp., Class A*
|
|
|
54,215
|
|
|
|
25
|
|
|
EPAM Systems, Inc.*
|
|
|
401
|
|
|
|
273
|
|
|
Gartner, Inc.*
|
|
|
12,118
|
|
|
|
100
|
|
|
iGATE Corp.*
|
|
|
1,590
|
|
|
|
3,465
|
|
|
International Business Machines Corp.
|
|
|
679,071
|
|
|
|
73
|
|
|
Mantech International Corp., Class A
|
|
|
1,601
|
|
|
|
342
|
|
|
Sapient Corp.
|
|
|
3,406
|
|
|
|
131
|
|
|
ServiceSource International, Inc.*
|
|
|
1,478
|
|
|
|
530
|
|
|
Teradata Corp.*
|
|
|
35,839
|
|
|
|
123
|
|
|
Unisys Corp.*
|
|
|
2,390
|
|
|
|
|
|
|
|
|
|
938,847
|
|
|
|
|
|
|
Life Sciences Tools & Services
-
0.6%
|
|
|
|
|
|
|
1,086
|
|
|
Agilent Technologies, Inc.
|
|
|
41,583
|
|
|
|
61
|
|
|
Bio-Rad Laboratories, Inc., Class A*
|
|
|
5,869
|
|
|
|
292
|
|
|
Bruker Corp.*
|
|
|
3,451
|
|
|
|
|
|
|
|
|
|
50,903
|
|
|
|
|
|
|
Office Electronics
-
0.1%
|
|
|
|
|
|
|
164
|
|
|
Zebra Technologies Corp., Class A*
|
|
|
5,665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Equipment & Services
-
0.0%†
|
|
|
|
|
|
|
374
|
|
|
ION Geophysical Corp.*
|
|
|
2,487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Semiconductor Equipment
-
1.6%
|
|
|
|
|
|
|
254
|
|
|
Amkor Technology, Inc.*
|
|
|
1,354
|
|
|
|
4,064
|
|
|
Applied Materials, Inc.
|
|
|
44,257
|
|
|
|
74
|
|
|
Cabot Microelectronics Corp.
|
|
|
2,176
|
|
|
|
89
|
|
|
Cymer, Inc.*
|
|
|
5,092
|
|
|
|
423
|
|
|
Entegris, Inc.*
|
|
|
3,405
|
|
|
|
377
|
|
|
GT Advanced Technologies, Inc.*
|
|
|
1,930
|
|
|
|
528
|
|
|
KLA-Tencor Corp.
|
|
|
26,880
|
|
|
|
229
|
|
|
Kulicke & Soffa Industries, Inc.*
|
|
|
2,535
|
|
|
|
612
|
|
|
Lam Research Corp.*
|
|
|
21,059
|
|
|
|
721
|
|
|
MEMC Electronic Materials, Inc.*
|
|
|
1,384
|
|
|
|
584
|
|
|
Teradyne, Inc.*
|
|
|
8,591
|
|
|
|
161
|
|
|
Tessera Technologies, Inc.
|
|
|
2,326
|
|
|
|
122
|
|
|
Veeco Instruments, Inc.*
|
|
|
4,357
|
|
|
|
|
|
|
|
|
|
125,346
|
|
|
|
|
|
|
Semiconductors
-
11.7%
|
|
|
|
|
|
|
1,841
|
|
|
Advanced Micro Devices, Inc.*
|
|
|
7,475
|
|
|
|
1,020
|
|
|
Altera Corp.
|
|
|
36,159
|
|
|
|
937
|
|
|
Analog Devices, Inc.
|
|
|
36,618
|
|
|
|
1,394
|
|
|
Atmel Corp.*
|
|
|
8,169
|
|
|
|
768
|
|
|
Avago Technologies Ltd.
|
|
|
28,416
|
|
|
|
1,526
|
|
|
Broadcom Corp., Class A*
|
|
|
51,701
|
|
|
|
152
|
|
|
Cavium, Inc.*
|
|
|
4,107
|
|
|
|
205
|
|
|
Cirrus Logic, Inc.*
|
|
|
7,538
|
|
|
|
365
|
|
|
Cree, Inc.*
|
|
|
8,742
|
|
|
|
486
|
|
|
Cypress Semiconductor Corp.*
|
|
|
5,195
|
|
|
|
110
|
|
|
Diodes, Inc.*
|
|
|
2,083
|
|
|
|
401
|
|
|
Fairchild Semiconductor International, Inc.*
|
|
|
5,558
|
|
|
|
176
|
|
|
First Solar, Inc.*
|
|
|
2,735
|
|
|
|
139
|
|
|
Freescale Semiconductor Ltd.*
|
|
|
1,483
|
|
|
|
89
|
|
|
Hittite Microwave Corp.*
|
|
|
4,510
|
|
|
|
446
|
|
|
Integrated Device Technology, Inc.*
|
|
|
2,248
|
|
|
|
15,240
|
|
|
Intel Corp.
|
|
|
391,668
|
|
|
|
218
|
|
|
International Rectifier Corp.*
|
|
|
3,715
|
|
|
|
395
|
|
|
Intersil Corp., Class A
|
|
|
3,638
|
|
|
|
669
|
|
|
Linear Technology Corp.
|
|
|
21,575
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Technology Index ETF
Schedule of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
1,774
|
|
|
LSI Corp.*
|
|
$
|
12,241
|
|
|
|
19
|
|
|
M/A-COM Technology Solutions Holdings, Inc.*
|
|
|
336
|
|
|
|
1,543
|
|
|
Marvell Technology Group Ltd.
|
|
|
17,374
|
|
|
|
928
|
|
|
Maxim Integrated Products, Inc.
|
|
|
25,269
|
|
|
|
600
|
|
|
Microchip Technology, Inc.
|
|
|
20,028
|
|
|
|
3,124
|
|
|
Micron Technology, Inc.*
|
|
|
19,400
|
|
|
|
280
|
|
|
Microsemi Corp.*
|
|
|
5,421
|
|
|
|
1,944
|
|
|
NVIDIA Corp.*
|
|
|
26,322
|
|
|
|
184
|
|
|
OmniVision Technologies, Inc.*
|
|
|
2,580
|
|
|
|
1,426
|
|
|
ON Semiconductor Corp.*
|
|
|
9,896
|
|
|
|
733
|
|
|
PMC - Sierra, Inc.*
|
|
|
3,900
|
|
|
|
88
|
|
|
Power Integrations, Inc.
|
|
|
3,101
|
|
|
|
866
|
|
|
RF Micro Devices, Inc.*
|
|
|
3,360
|
|
|
|
206
|
|
|
Semtech Corp.*
|
|
|
4,921
|
|
|
|
135
|
|
|
Silicon Laboratories, Inc.*
|
|
|
4,988
|
|
|
|
597
|
|
|
Skyworks Solutions, Inc.*
|
|
|
17,271
|
|
|
|
3,597
|
|
|
Texas Instruments, Inc.
|
|
|
97,982
|
|
|
|
516
|
|
|
TriQuint Semiconductor, Inc.*
|
|
|
2,910
|
|
|
|
824
|
|
|
Xilinx, Inc.
|
|
|
26,698
|
|
|
|
|
|
|
|
|
|
937,331
|
|
|
|
|
|
|
Systems Software
-
16.1%
|
|
|
|
|
|
|
315
|
|
|
Ariba, Inc.*
|
|
|
13,995
|
|
|
|
477
|
|
|
BMC Software, Inc.*
|
|
|
18,889
|
|
|
|
1,146
|
|
|
CA, Inc.
|
|
|
27,584
|
|
|
|
529
|
|
|
Check Point Software Technologies Ltd.*
|
|
|
25,694
|
|
|
|
128
|
|
|
CommVault Systems, Inc.*
|
|
|
6,211
|
|
|
|
391
|
|
|
Fortinet, Inc.*
|
|
|
9,388
|
|
|
|
254
|
|
|
MICROS Systems, Inc.*
|
|
|
12,126
|
|
|
|
23,522
|
|
|
Microsoft Corp.
|
|
|
693,193
|
|
|
|
119
|
|
|
NetSuite, Inc.*
|
|
|
6,585
|
|
|
|
12,023
|
|
|
Oracle Corp.
|
|
|
363,095
|
|
|
|
195
|
|
|
Progress Software Corp.*
|
|
|
3,791
|
|
|
|
607
|
|
|
Red Hat, Inc.*
|
|
|
32,572
|
|
|
|
346
|
|
|
Rovi Corp.*
|
|
|
4,629
|
|
|
|
93
|
|
|
Sourcefire, Inc.*
|
|
|
4,748
|
|
|
|
2,296
|
|
|
Symantec Corp.*
|
|
|
36,162
|
|
|
|
265
|
|
|
VMware, Inc., Class A*
|
|
|
24,051
|
|
|
|
|
|
|
|
|
|
1,282,713
|
|
|
|
|
|
|
Technology Distributors
-
0.6%
|
|
|
|
|
|
|
90
|
|
|
Anixter International, Inc.
|
|
|
5,122
|
|
|
|
352
|
|
|
Arrow Electronics, Inc.*
|
|
|
11,880
|
|
|
|
457
|
|
|
Avnet, Inc.*
|
|
|
14,395
|
|
|
|
482
|
|
|
Ingram Micro, Inc., Class A*
|
|
|
7,225
|
|
|
|
138
|
|
|
Insight Enterprises, Inc.*
|
|
|
2,313
|
|
|
|
87
|
|
|
ScanSource, Inc.*
|
|
|
2,512
|
|
|
|
130
|
|
|
Tech Data Corp.*
|
|
|
6,513
|
|
|
|
|
|
|
|
|
|
49,960
|
|
|
|
|
|
|
Trading Companies & Distributors
-
0.2%
|
|
|
|
|
|
|
79
|
|
|
Watsco, Inc.
|
|
|
5,367
|
|
|
|
136
|
|
|
WESCO International, Inc.*
|
|
|
7,577
|
|
|
|
|
|
|
|
|
|
12,944
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $7,777,703)
|
|
|
7,994,222
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
1,587
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $1,587)
|
|
|
1,587
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $7,779,290) — 100.0%
|
|
|
7,995,809
|
|
|
|
|
|
|
Liabilities in excess of other assets — (0.0%)†
|
|
|
(120
|
)
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
7,995,689
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
779,760
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(583,852
|
)
|
|
Net unrealized appreciation
|
|
$
|
195,908
|
|
|
Federal income tax cost of investments
|
|
$
|
7,799,901
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Focus Morningstar Utilities Index ETF
Schedule of Portfolio Investments
July 31, 2012 (Unaudited)
|
Shares
|
|
|
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 100.0%
|
|
|
|
|
|
|
|
|
|
Electric Utilities
-
56.7%
|
|
|
|
|
|
|
457
|
|
|
ALLETE, Inc.
|
|
$
|
18,947
|
|
|
|
6,494
|
|
|
American Electric Power Co., Inc.
|
|
|
274,307
|
|
|
|
822
|
|
|
Cleco Corp.
|
|
|
35,971
|
|
|
|
9,350
|
|
|
Duke Energy Corp.
|
|
|
633,733
|
|
|
|
4,030
|
|
|
Edison International
|
|
|
186,105
|
|
|
|
542
|
|
|
El Paso Electric Co.
|
|
|
18,347
|
|
|
|
565
|
|
|
Empire District Electric Co./The
|
|
|
12,147
|
|
|
|
2,380
|
|
|
Entergy Corp.
|
|
|
172,955
|
|
|
|
11,395
|
|
|
Exelon Corp.
|
|
|
445,772
|
|
|
|
5,626
|
|
|
FirstEnergy Corp.
|
|
|
282,538
|
|
|
|
1,821
|
|
|
Great Plains Energy, Inc.
|
|
|
40,390
|
|
|
|
1,291
|
|
|
Hawaiian Electric Industries, Inc.
|
|
|
36,781
|
|
|
|
669
|
|
|
IDACORP, Inc.
|
|
|
28,232
|
|
|
|
691
|
|
|
ITC Holdings Corp.
|
|
|
51,265
|
|
|
|
311
|
|
|
MGE Energy, Inc.
|
|
|
14,909
|
|
|
|
5,668
|
|
|
NextEra Energy, Inc.
|
|
|
401,861
|
|
|
|
4,188
|
|
|
Northeast Utilities
|
|
|
167,017
|
|
|
|
3,147
|
|
|
NV Energy, Inc.
|
|
|
57,559
|
|
|
|
1,327
|
|
|
OGE Energy Corp.
|
|
|
70,477
|
|
|
|
3,068
|
|
|
Pepco Holdings, Inc.
|
|
|
61,237
|
|
|
|
1,460
|
|
|
Pinnacle West Capital Corp.
|
|
|
78,168
|
|
|
|
975
|
|
|
PNM Resources, Inc.
|
|
|
20,280
|
|
|
|
1,012
|
|
|
Portland General Electric Co.
|
|
|
27,557
|
|
|
|
7,780
|
|
|
PPL Corp.
|
|
|
224,842
|
|
|
|
11,704
|
|
|
Southern Co./The
|
|
|
563,548
|
|
|
|
679
|
|
|
UIL Holdings Corp.
|
|
|
25,150
|
|
|
|
542
|
|
|
UNS Energy Corp.
|
|
|
22,059
|
|
|
|
1,700
|
|
|
Westar Energy, Inc.
|
|
|
51,952
|
|
|
|
6,520
|
|
|
Xcel Energy, Inc.
|
|
|
191,036
|
|
|
|
|
|
|
|
|
|
4,215,142
|
|
|
|
|
|
|
Gas Utilities
-
5.0%
|
|
|
|
|
|
|
1,564
|
|
|
AGL Resources, Inc.
|
|
|
63,342
|
|
|
|
1,214
|
|
|
Atmos Energy Corp.
|
|
|
43,522
|
|
|
|
282
|
|
|
Laclede Group, Inc./The
|
|
|
11,782
|
|
|
|
1,119
|
|
|
National Fuel Gas Co.
|
|
|
54,764
|
|
|
|
560
|
|
|
New Jersey Resources Corp.
|
|
|
25,704
|
|
|
|
358
|
|
|
Northwest Natural Gas Co.
|
|
|
17,431
|
|
|
|
966
|
|
|
Piedmont Natural Gas Co., Inc.
|
|
|
30,700
|
|
|
|
401
|
|
|
South Jersey Industries, Inc.
|
|
|
21,197
|
|
|
|
617
|
|
|
Southwest Gas Corp.
|
|
|
27,555
|
|
|
|
1,513
|
|
|
UGI Corp.
|
|
|
46,373
|
|
|
|
691
|
|
|
WGL Holdings, Inc.
|
|
|
27,951
|
|
|
|
|
|
|
|
|
|
370,321
|
|
|
|
|
|
|
Independent Power Producers & Energy Traders
-
3.8%
|
|
|
|
|
|
|
8,682
|
|
|
AES Corp./The*
|
|
|
104,705
|
|
|
|
5,134
|
|
|
Calpine Corp.*
|
|
|
87,740
|
|
|
|
10,391
|
|
|
GenOn Energy, Inc.*
|
|
|
24,731
|
|
|
|
3,097
|
|
|
NRG Energy, Inc.
|
|
|
61,382
|
|
|
|
242
|
|
|
Ormat Technologies, Inc.
|
|
|
4,356
|
|
|
|
|
|
|
|
|
|
282,914
|
|
|
|
|
|
|
Multi-Utilities
-
32.4%
|
|
|
|
|
|
|
1,485
|
|
|
Alliant Energy Corp.
|
|
|
69,364
|
|
|
|
3,267
|
|
|
Ameren Corp.
|
|
|
111,764
|
|
|
|
782
|
|
|
Avista Corp.
|
|
|
21,646
|
|
|
|
531
|
|
|
Black Hills Corp.
|
|
|
16,912
|
|
|
|
5,373
|
|
|
CenterPoint Energy, Inc.
|
|
|
113,155
|
|
|
|
227
|
|
|
CH Energy Group, Inc.
|
|
|
14,762
|
|
|
|
3,523
|
|
|
CMS Energy Corp.
|
|
|
86,877
|
|
|
|
3,912
|
|
|
Consolidated Edison, Inc.
|
|
|
252,324
|
|
|
|
7,665
|
|
|
Dominion Resources, Inc.
|
|
|
416,286
|
|
|
|
2,268
|
|
|
DTE Energy Co.
|
|
|
139,187
|
|
|
|
1,051
|
|
|
Integrys Energy Group, Inc.
|
|
|
63,628
|
|
|
|
3,825
|
|
|
NiSource, Inc.
|
|
|
97,882
|
|
|
|
484
|
|
|
NorthWestern Corp.
|
|
|
17,874
|
|
|
|
5,687
|
|
|
PG&E Corp.
|
|
|
262,512
|
|
|
|
6,847
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
227,594
|
|
|
|
1,587
|
|
|
SCANA Corp.
|
|
|
78,033
|
|
|
|
3,006
|
|
|
Sempra Energy
|
|
|
211,653
|
|
|
|
2,716
|
|
|
TECO Energy, Inc.
|
|
|
49,404
|
|
|
|
1,090
|
|
|
Vectren Corp.
|
|
|
32,537
|
|
|
|
3,114
|
|
|
Wisconsin Energy Corp.
|
|
|
126,864
|
|
|
|
|
|
|
|
|
|
2,410,258
|
|
|
|
|
|
|
Oil & Gas Storage & Transportation
-
0.3%
|
|
|
|
|
|
|
439
|
|
|
Targa Resources Corp.
|
|
|
19,338
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Water Utilities
-
1.8%
|
|
|
|
|
|
|
2,351
|
|
|
American Water Works Co., Inc.
|
|
|
85,224
|
|
|
|
1,865
|
|
|
Aqua America, Inc.
|
|
|
47,818
|
|
|
|
|
|
|
|
|
|
133,042
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
|
|
|
(Cost $6,396,232)
|
|
|
7,431,015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.0%†
|
|
|
|
|
|
|
446
|
|
|
JPMorgan U.S. Government Money Market Premier, 0.00% (Cost $446)
|
|
|
446
|
|
|
|
|
|
|
Total Investment Securities
|
|
|
|
|
|
|
|
|
|
(Cost $6,396,678) — 100.0%
|
|
|
7,431,461
|
|
|
|
|
|
|
Other assets less liabilities — 0.0%†
|
|
|
1,710
|
|
|
|
|
|
|
Net Assets — 100.0%
|
|
$
|
7,433,171
|
|
|
*
|
Non-income producing security.
|
|
†
|
Amount represents less than 0.05%.
|
As of July 31, 2012, the gross unrealized appreciation (depreciation)
of investments based on the aggregate cost of investments for federal income tax purposes was as follows:
|
Aggregate gross unrealized appreciation
|
|
$
|
1,079,463
|
|
|
Aggregate gross unrealized depreciation
|
|
|
(54,604
|
)
|
|
Net unrealized appreciation
|
|
$
|
1,024,859
|
|
|
Federal income tax cost of investments
|
|
$
|
6,406,602
|
|
See accompanying notes to schedules of portfolio
investments.
FocusShares Trust
Notes to Schedules of Portfolio Investments
July 31, 2012 (Unaudited)
1. Organization
FocusShares Trust (the “Trust”)
is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”),
currently consisting of fifteen (15) investment portfolios (each, a “Fund”). FocusShares, LLC (the “Advisor”)
is the investment adviser to each Fund. Each of the Focus Morningstar US Market Index ETF, Focus Morningstar Large Cap Index
ETF, Focus Morningstar Mid Cap Index ETF and Focus Morningstar Small Cap Index ETF is a diversified investment company. Each
other Fund is a non-diversified investment company. The Trust was organized as a Delaware statutory trust on July 10, 2007. From
November 28, 2007 until October 30, 2008, the Trust operated four exchange-traded funds that have been closed and liquidated.
The investment objective of each Fund is
to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of a specified
benchmark index (each, an “Underlying Index”) representing publicly-traded equity securities of issuers in a particular
broad market, market segment, market sector or group of industries.
2. Basis of Presentation
The preparation of the Schedules of Portfolio
Investments in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”)
requires management to make estimates and assumptions that affect the reported amounts and disclosures in the Schedules of Portfolio
Investments during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual
results may differ from those estimates, and the security valuations reflected in the Schedules of Portfolio Investments may differ
from the value the Funds ultimately realize upon sale of the securities.
Investment Valuation
In calculating net asset value (“NAV”),
each Fund’s investments are valued using market quotations when available. When market quotations are not readily available,
are deemed unreliable or do not reflect material events occurring between the close of local markets and the time of valuation,
investments are valued using “fair value pricing” as determined in good faith under Pricing and Valuation Guidelines
established by and under the general supervision and responsibility of the Trust’s Board of Trustees. Investments that may
be valued using fair value pricing include, but are not limited to: (1) securities that are not actively traded, including “restricted”
securities and securities received in private placements for which there is no public market; (2) securities of an issuer that
becomes bankrupt or enters into a restructuring; (3) securities whose trading has been halted or suspended; and (4) foreign securities
traded on exchanges that close before a Fund’s NAV is calculated.
The frequency with which each Fund’s
investments are valued using fair value pricing is primarily a function of the types of securities and other assets in which the
respective Fund invests pursuant to its investment objective, strategies and limitations. If the Funds invest in other open-end
management investment companies registered under the 1940 Act, they may rely on the net asset values of those companies to value
the shares they hold of them. Those companies may also use fair value pricing under some circumstances.
Valuing the Funds’ investments using
fair value pricing results in using prices for those investments that may differ from current market valuations. Accordingly, fair
value pricing could result in a difference between the prices used to calculate NAV and the prices used to determine a Fund’s
Indicative Intra-Day Value (“IIV”), which could result in the market prices for shares deviating from NAV.
Short-term debt securities having a maturity
date of more than sixty days at time of purchase are valued on a mark-to-market basis until sixty days prior to maturity and thereafter
at amortized cost, which approximates fair market value, based on their value on the 61st day where such securities are of the
highest credit quality. Amortized cost shall not be used if the use of amortized cost would be inappropriate due to credit or other
impairments of the issuer.
The Funds disclose the fair value of their
investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained
from sources independent of the Funds (observable inputs) and (2) the Funds’ own assumptions about market participant assumptions
developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the
hierarchy are as follows:
FocusShares Trust
Notes to Schedules of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
•
Level 1
—
valuation inputs consist of unadjusted quoted prices in an active market for identical securities;
•
Level 2
—
valuation inputs consist of direct or indirect observable market data (including quoted prices for similar securities, evaluations
of subsequent market evens, interest rates, prepayment speeds, credit risk, etc.); or
•
Level 3
—
valuation inputs consist of unobservable data (including
a Fund’s own assumptions).
The inputs or methodology used for valuing
securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the valuations
as of July 31, 2012, for each Fund based upon the three levels defined above:
Please refer to the Schedules of Portfolio
Investments to view equity securities segregated by industry type. There were no significant transfers between Level 1, Level 2
or Level 3 for the period ending July 31, 2012.
|
|
|
LEVEL 1 -
Quoted Prices
|
|
|
LEVEL 1 -
Quoted Prices
|
|
|
Total
|
|
|
|
|
Common
Stocks
|
|
|
Money
Market Funds
|
|
|
Investment
Securities
|
|
|
Focus Morningstar US Market Index ETF
|
|
$
|
19,711,257
|
|
|
|
$ ―
|
|
|
$
|
19,711,257
|
|
|
Focus Morningstar Large Cap Index ETF
|
|
|
9,352,357
|
|
|
|
―
|
|
|
|
9,352,357
|
|
|
Focus Morningstar Mid Cap Index ETF
|
|
|
4,923,716
|
|
|
|
294
|
|
|
|
4,924,010
|
|
|
Focus Morningstar Small Cap Index ETF
|
|
|
6,023,905
|
|
|
|
95
|
|
|
|
6,024,000
|
|
|
Focus Morningstar Basic Materials Index ETF
|
|
|
4,175,671
|
|
|
|
―
|
|
|
|
4,175,671
|
|
|
Focus Morningstar Communication Services Index ETF
|
|
|
5,762,913
|
|
|
|
―
|
|
|
|
5,762,913
|
|
|
Focus Morningstar Consumer Cyclical Index ETF
|
|
|
2,763,125
|
|
|
|
1,139
|
|
|
|
2,764,264
|
|
|
Focus Morningstar Consumer Defensive Index ETF
|
|
|
5,970,497
|
|
|
|
―
|
|
|
|
5,970,497
|
|
|
Focus Morningstar Energy Index ETF
|
|
|
6,725,654
|
|
|
|
―
|
|
|
|
6,725,654
|
|
|
Focus Morningstar Financial Services Index ETF
|
|
|
4,537,636
|
|
|
|
71
|
|
|
|
4,537,707
|
|
|
Focus Morningstar Health Care Index ETF
|
|
|
5,904,862
|
|
|
|
―
|
|
|
|
5,904,862
|
|
|
Focus Morningstar Industrials Index ETF
|
|
|
4,828,513
|
|
|
|
―
|
|
|
|
4,828,513
|
|
|
Focus Morningstar Real Estate Index ETF
|
|
|
5,700,456
|
|
|
|
590
|
|
|
|
5,701,046
|
|
|
Focus Morningstar Technology Index ETF
|
|
|
7,994,222
|
|
|
|
1,587
|
|
|
|
7,995,809
|
|
|
Focus Morningstar Utilities Index ETF
|
|
|
7,431,015
|
|
|
|
446
|
|
|
|
7,431,461
|
|
Following is a reconciliation of Level
3 assets for which significant unobservable inputs were used to determine fair value:
|
|
|
Focus Morningstar
Small Cap Index ETF
|
|
|
Focus Morningstar
Financial Services
Index ETF
|
|
|
Balance as of 10/31/11
|
|
$
|
―
|
|
|
|
$ ―
|
|
|
Total gain or loss (realized/unrealized) included in earnings
|
|
|
6,646
|
|
|
|
3,397
|
|
|
Sales
|
|
|
(6,646
|
)
|
|
|
(3,397
|
)
|
|
Transfer into Level 3
|
|
|
―
|
|
|
|
―
|
|
|
Transfer out of Level 3
|
|
|
―
|
|
|
|
―
|
|
|
Balance as of 07/31/12
|
|
$
|
―
|
|
|
|
$ ―
|
|
|
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held at 07/31/12
|
|
$
|
―
|
|
|
$
|
―
|
|
FocusShares Trust
Notes to Schedules of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
Repurchase Agreements
The Funds may enter into repurchase agreements.
A repurchase agreement is an instrument under which the purchaser (
i.e.
, a Fund) acquires the security and the seller agrees,
at the time of the sale, to repurchase the security at a mutually agreed upon time and price, thereby determining the yield during
the purchaser’s holding period. Repurchase agreements may be construed to be collateralized loans by the purchaser to the
seller secured by the securities transferred to the purchaser. If a repurchase agreement is construed to be a collateralized loan,
the underlying securities will not be considered to be owned by each Fund but only to constitute collateral for the seller’s
obligation to pay the repurchase price, and, in the event of a default by the seller, each Fund may suffer time delays and incur
costs or losses in connection with the disposition of the collateral.
Futures Contracts
The Funds may utilize futures contracts. Futures
contracts generally provide for the future sale by one party and purchase by another party of a specified instrument, index or
commodity at a specified future time and at a specified price. Stock index futures contracts are settled daily with a payment by
one party to the other of a cash amount based on the difference between the levels of the stock index specified in the contract
from one day to the next. Futures contracts are standardized as to maturity date and underlying instrument and are traded on futures
exchanges. The Funds may use futures contracts based on other indexes or combinations of indexes that the Advisor believes to be
representative of each Fund’s respective Underlying Index.
Although futures contracts (other than
cash settled futures contracts including most stock index futures contracts) by their terms call for actual delivery or acceptance
of the underlying instrument or commodity, in most cases the contracts are closed out before the maturity date without the making
or taking of delivery. Closing out an open futures position is done by taking an opposite position (“buying” a contract
which has previously been “sold” or “selling” a contract previously “purchased”) in an identical
contract to terminate the position. Brokerage commissions are incurred when a futures contract position is opened or closed.
Futures traders are required to make a
good faith margin deposit in cash or government securities with a broker or custodian to initiate and maintain open positions in
futures contracts. A margin deposit is intended to assure completion of the contract (delivery or acceptance of the underlying
instrument or commodity or payment of the cash settlement amount) if it is not terminated prior to the specified delivery date.
Brokers may establish deposit requirements which are higher than the exchange minimums. Futures contracts are customarily purchased
and sold on margin deposits which may range upward from less than 5% of the value of the contract being traded.
After a futures contract position is opened,
the value of the contract is marked to market daily. If the futures contract price changes, to the extent that the margin on deposit
does not satisfy margin requirements, payment of additional “variation” margin will be required.
Conversely, a change in the contract value
may reduce the required margin, resulting in a repayment of excess margin to the contract holder. Variation margin payments are
made to and from the futures broker for as long as the contract remains open. The Funds expect to earn interest income on their
margin deposits.
The Funds may use futures contracts thereon,
together with positions in cash and money market instruments, to simulate full investment in each Fund’s respective Underlying
Index. Liquid futures contracts are not currently available for the Underlying Index of each Fund. Under such circumstances, the
Advisor may seek to utilize other instruments that it believes to be correlated to each Fund’s respective Underlying Index
components or a subset of the components.
3. Risk
Except with regard to the Focus Morningstar
US Market Index ETF, the Focus Morningstar Large Cap Index ETF, the Focus Morningstar Mid Cap Index ETF and the Focus Morningstar
Small Cap Index ETF, each Fund’s Underlying Index is new and has limited historical performance data that is not predictive
of future results. Each Underlying Index and Fund rebalance only when Morningstar determines to rebalance the Underlying Index,
which occurs on a quarterly basis, which may cause the performance of the Underlying Indexes and the Funds to deviate from that
of the market or sector the Underlying Indexes seek to track due to changes that are reflected in the market or sector more quickly
than the quarterly rebalancing process can track.
FocusShares Trust
Notes to Schedules of Portfolio Investments (continued)
July 31, 2012 (Unaudited)
Imperfect correlation between the Fund's
portfolio securities and those in the Underlying Index, rounding of prices, changes to the Underlying Index and regulatory requirements
may cause tracking error, which is the divergence of the Fund's performance from that of the Underlying Index. This risk may be
heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because
the Fund incurs fees and expenses while the Underlying Index does not.
This risk applies to all Funds except the
Focus Morningstar US Market Index ETF, Focus Morningstar Large Cap Index ETF, Focus Morningstar Mid Cap Index ETF and Focus Morningstar
Small Cap Index ETF. To the extent that the Underlying Index is concentrated in a particular industry, the Fund also will be concentrated
in that industry. Concentrated Fund investments will subject the Fund to a greater risk of loss as a result of adverse
economic, business or other developments than if its investments were diversified across different industry sectors.
This risk applies to each Fund except the
Focus Morningstar US Market Index ETF, Focus Morningstar Large Cap Index ETF, Focus Morningstar Mid Cap Index ETF and Focus Morningstar
Small Cap Index ETF. The Funds are separate investment portfolios of the Trust, which is an open-end investment company registered
under the 1940 Act. The Funds are classified as “non-diversified” investment companies under the 1940 Act. As a result,
the Funds are subject to the risk that they will be more volatile than a diversified fund because each Fund may invest its assets
in a smaller number of issuers or may invest larger proportions of its assets in a single industry within the industries that comprise
its Underlying Index. As a result, the gains and losses on a single security may have a greater impact on a Fund’s NAV and
may make the Fund more volatile than diversified funds.
The market price of investments owned by
a Fund may go up or down, sometimes rapidly or unpredictably. Investments may decline in value due to factors affecting securities
markets generally or particular industries represented in the securities markets.
4. Subsequent Events
The Board of Trustees of the Trust (the
“Board”), in consultation with the Funds’ investment adviser, FocusShares, LLC (“Advisor”), determined
at a meeting of the Board, held on August 6, 2012, to discontinue and liquidate each Fund as of August 30, 2012 based on, among
other factors, the Advisor’s belief that it would be in the best interests of each Fund and its shareholders. The Board carefully
considered current market conditions, the inability of the Funds to attract significant market interest since their inception,
and their future viability as well as prospects for growth in the Funds’ assets in the foreseeable future.
Item 2. Controls and Procedures.
|
|
(a)
|
The Registrant's principal executive officer and principal financial officers have concluded, based
on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date
of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information
required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time
periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is
accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers,
as appropriate to allow timely decisions regarding required disclosure.
|
|
|
(b)
|
There were no changes in the Registrant’s internal control over financial reporting that
occurred during the Registrant’s most recent fiscal quarter covered by this report that have materially affected, or are
reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
|
Item 3. Exhibits.
Certifications
pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
FocusShares Trust
|
By:
|
/s/ Scott Golde
|
|
|
|
|
|
|
Scott Golde
President
September 12, 2012
|
|
|
|
|
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.
|
By:
|
/s/ Scott Golde
|
|
|
|
|
|
|
Scott Golde
President
September 12, 2012
|
|
|
|
|
|
By:
|
/s/ Brent Arvidson
|
|
|
|
|
|
|
Brent Arvidson
Chief Financial Officer
and Treasurer
September 12, 2012
|
|
|
|
|
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