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  1. A video about a missile system that is feared by US Military and NATO. The Iskander-M has no shortage of admirers. They include the Islamic State and other Islamist entities in Syria, Poland, Turkey, NATO as a whole, and of course the United States. Seemingly no other Russian weapon system is as likely to steal a headline as soon as it makes an appearance somewhere on the global chess board. To what does it owe its worldwide fan base?

    In part the answer lies in its actual combat abilities. It is a medium-range missile system which uses a combination of maneuvering, and therefore difficult to intercept, ballistic missiles capable of carrying a variety of conventional and nuclear warheads. It is extremely accurate, with a circular error probable of under 10 meters, which makes it useful against heavily protected, small targets that would require a direct hit in order to be destroyed. Its officially acknowledged range of 500km makes it a weapon of far more than tactical importance, as it can destroy sites far behind enemy front lines and hold in check enemy value targets such as key infrastructure, high-level command posts, and logistical nodes. The entire system is based on highly mobile wheeled platforms which are suitable for aerial transport by heavy airlifters. Iskander-M deployment to Syria demonstrated Russia’s ability to send these powerful warfighting and conventional deterrent weapons to almost any friendly part of the globe on a moment’s notice. As of April 2016, the Russian military had six complete Iskander-M brigades in service, with each brigade possessing 12 launch vehicles. Since each vehicle carries two ready-to-launch missiles, with reloads carried by the brigade’s resupply vehicles, each brigade is capable of a simultaneous 24-missile volley that would be sufficient to saturate any tactical anti-ballistic missile system currently in service or development. In effect, a single Iskander-M brigade is equivalent to 3 Buyan-M missile corvettes, in terms of firepower, though the land-based launchers can be rapidly reloaded whereas the corvettes would have to return to base for replenishment.

    The other reason for Iskander-M’s popularity is its political dimension. By the late 1980s, the Soviet military was using two sub-strategic ballistic missile systems, the 120km-range Tochka, and the 450km-range Oka. Even though Oka’s range was below the 500km threshold of the Intermediate Range Nuclear Forces treaty, the Gorbachev government in effect made the US a present by pledging to eliminate the Okas along with longer-range missiles. Even though it left the Soviet military without a modern operational-range missile system, evidently Gorbachev and others hoped that such weapons would be unnecessary in the era of the “New World Order.” They turned out to be wrong.

    The Iskander-M was developed and deployed in order to fill that gap once it became clear that NATO’s intentions toward the post-Cold War Russia were far from benign. NATO, and especially the US, has undertaken several initiatives to render the INF Treaty obsolete. They include the deployment of intermediate-range air-launched cruise missiles such as the JASSM carried by tactical aircraft, whose existence clearly violates the spirit of the INF Treaty. The US Army has since deployed large numbers of ATACMS ballistic missiles whose officially acknowledged range is 300km, though the missile’s actual potential is unknown, and the LPRF program is supposed to yield an even-longer ranged missile for the US military. Cruise missile carrying US naval ships, including the rather well-known USS Donald Cook, regularly approach Russian coasts. But the most direct US violation of the INF Treaty is the placement of land-based anti-ballistic systems in Eastern Europe. These systems use the naval Mk41 launchers which are perfectly capable of using the entire range of Tomahawk cruise missiles. Therefore the deployment of these ABM systems also means a US breakout from the INF Treaty.

    The Iskander-M therefore should be viewed as a Russian response to the US INF violations. In addition to the 9М723 ballistic missile with a range of 500km, each launch vehicle can also fire the 9M728 cruise missiles whose actual capabilities have never been revealed, though the missile has been tested out to at least 200km. Considering that the size of these missiles is comparable to the Kalibr sea-launched weapons whose range exceeds 2,000km, there is a definite possibility that the Iskander-M could be equipped with weapons of similar range unless the US begins to display more of an interest in re-establishing a mutually acceptable security framework for Europe.

    Video Description Credits: South Front Team J.Hawk, Daniel Deiss, Edwin Watson

    Video Credits: South Front Team J.Hawk, Daniel Deiss, Edwin Watson

    Thumbnail Credit: Bin im Garten Modified by ArmedForcesUpdate

  2. The North Atlantic Treaty Organization (NATO /ˈneɪtoʊ/; French: Organisation du traité de l'Atlantique Nord; OTAN), also called the North Atlantic Alliance, is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO's headquarters are located in Haren, Brussels, Belgium, where the Supreme Allied Commander also resides. Belgium is one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009. An additional 22 countries participate in NATO's Partnership for Peace program, with 15 other countries involved in institutionalized dialogue programmes. The combined military spending of all NATO members constitutes over 70 percent of the global total.[4] Members' defense spending is supposed to amount to 2 percent of GDP.

    NATO was little more than a political association until the Korean War galvanized the organization's member states, and an integrated military structure was built up under the direction of two US supreme commanders. The course of the Cold War led to a rivalry with nations of the Warsaw Pact, which formed in 1955. Doubts over the strength of the relationship between the European states and the United States ebbed and flowed, along with doubts over the credibility of the NATO defence against a prospective Soviet invasion—doubts that led to the development of the independent French nuclear deterrent and the withdrawal of France from NATO's military structure in 1966 for 30 years. After the fall of the Berlin Wall in 1989, the organization was drawn into the breakup of Yugoslavia, and conducted its first military interventions in Bosnia from 1992 to 1995 and later Yugoslavia in 1999. Politically, the organization sought better relations with former Warsaw Pact countries, several of which joined the alliance in 1999 and 2004.

    Article 5 of the North Atlantic treaty, requiring member states to come to the aid of any member state subject to an armed attack, was invoked for the first and only time after the 11 September 2001 attacks,[6] after which troops were deployed to Afghanistan under the NATO-led ISAF. The organization has operated a range of additional roles since then, including sending trainers to Iraq, assisting in counter-piracy operations[7] and in 2011 enforcing a no-fly zone over Libya in accordance with U.N. Security Council Resolution 1973. The less potent Article 4, which merely invokes consultation among NATO members, has been invoked five times: by Turkey in 2003 over the Iraq War; twice in 2012 by Turkey over the Syrian Civil War, after the downing of an unarmed Turkish F-4 reconnaissance jet, and after a mortar was fired at Turkey from Syria;[8] in 2014 by Poland, following the Russian intervention in Crimea;[9] and again by Turkey in 2015 after threats by the Islamic State to its territorial integrity.
     

  3. A cyclist narrowly escapes a collision with a large cargo truck at an intersection in Nantong City, China. According to surveillance footage, the cyclist named Su was waiting for the light to change at the intersection. While he was waiting, a small truck was driving towards the junction. The truck braked suddenly causing a large cargo truck behind it to lose control, crash into a minivan and slid towards Su, narrowly missing him. 
     

  4. video.yahoofinance.com@9bce6e01-805a-3117-8489-9a40163b28f7_FULL.jpg

    When Warren Buffett offers investing advice, everyone listens. The world’s greatest investor has never been shy about the strategies that have helped him amass a $72 billion net worth and grow his company, Berkshire Hathaway, into a juggernaut valued at over $212 billion. 

    But one thing he doesn’t do is encourage the average individual investor to try to mimic his success. The best advice he can give those investors, Buffett has said, is to do exactly the opposite. We’ve parsed through some of Buffett’s more popular insights on investing to come up with a few that apply to the average worker looking simply to invest for long-term, steady growth.

    1. The worst investment you can make over time: cash. 

    We always keep enough cash around so I feel very comfortable and don't worry about sleeping at night. But it's not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially. 

    2. Invest in a broad-based index fund that tracks the S&P 500. 

    If you are a professional and have confidence, then I would advocate lots of concentration. For everyone else, if it’s not your game, participate in total diversification. The economy will do fine over time. Make sure you don’t buy at the wrong price or the wrong time. That’s what most people should do, buy a cheap index fund, and slowly dollar cost average into it. If you try to be just a little bit smart, spending an hour a week investing, you’re liable to be really dumb.

    Recommended reading: “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor” by Vanguard founder Jack Bogle. Any investor in funds should read [Bogle’s books]. They have all you need to know.

    3. Invest in yourself. 

    “The best investment you can make is in your own abilities. Anything you can do to develop your own abilities or business is likely to be more productive.” 

    4. If you’re determined to pick stocks, don’t buy into a business you don’t understand. 

    [Individual investors] ought to think about what he or she understands. Let's just say they were going to put their whole family's net worth in a single business. Would that be a business they would consider? Or would they say, "Gee, I don't know enough about that business to go into it?" If so, they should go on to something else.... There are all kinds of businesses that [longtime partner and vice chairman of Berkshire Hathaway Charlie Munger] and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.

    5. Focus on the competition as well. 

    [Buying stock in a company is] buying a piece of a business. If they were going to buy into a local service station or convenience store, what would they think about? They would think about the competition, the competitive position both of the industry and the specific location, the person they have running it and all that. 

    6. Invest for the long haul. 

    “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes”

    7. The hardest part about investing: trusting yourself. 

    You need to divorce your mind from the crowd. The herd mentality causes all these IQ's to become paralyzed. I don't think investors are now acting more intelligently, despite the intelligence. Smart doesn't always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.

  5. Cómo te atreves
    a mirarme así
    a ser tan bella
    y encima sonreir?
    miá, hoy serás mía por fin
    cierra los ojos
    déjate querer
    quiero llevarte
    al valle del placer
    mía, hoy serás mía lo sé
    déjame robar
    el gran secreto de tu piel
    déjate llevar
    por tus instintos de mujer
    entrégate
    áun no te siento
    deja que tu cuerpo
    se acostumbre a mi calor
    entrégate
    mi prisionera
    la pasión no espera
    y yo no puedo más de amor
    abre los ojos
    no me hagas sufrir
    no te das cuenta
    que tengo sed de ti
    mía, hoy serás mía por fin
    déjame besar
    el brillo de tu desnudez
    déjame llegar
    a ese rincón que yo soñé
    entrégate
    áun no te siento
    deja que tu cuerpo
    se acostumbre a mi calor
    entrégate
    sin condiciones
    tengo mil razones
    y yo no puedo más de amor
  6. The above was a masterful spanish interpretation of this English song which originally was composed in Italiano.

    "You Don't Have to Say You Love Me" (originally a 1965 Italian song by Pino Donaggio and lyricist Vito Pallavicini: '"Io che non vivo (senza te)") is a 1966 hit recorded by English singer Dusty Springfield that proved to be her most successful hit single, reaching No.1 UK[2] and No.4 US: the song subsequently charted in the UK via remakes by Elvis Presley (No.9/1971), Guys 'n' Dolls (No.5/1976) and Denise Welch (No.23/1995), with Presley's version also reaching No.11 US in 1970.[3][4] "You Don't Have to Say You Love Me" was also a Top Ten hit in Ireland for Red Hurley (No.5/1978), in Italy for Wall Street Crash (No.6/1983), and - as "En koskaan" - in Finland for Kristina Hautala (No.6/1966).

    When I said I needed you
    You said you would always stay
    It wasn't me who changed but you
    And now you've gone away

    Don't you see
    That now you've gone
    And I'm left here on my own
    That I have to follow you
    And beg you to come home?

    You don't have to say you love me
    Just be close at hand
    You don't have to stay forever
    I will understand
    Believe me, believe me
    I can't help but love you
    But believe me
    I'll never tie you down

    Left alone with just a memory
    Life seems dead and so unreal
    All that's left is loneliness
    There's nothing left to feel

    You don't have to say you love me
    Just be close at hand
    You don't have to stay forever
    I will understand
    Believe me, believe me

    You don't have to say you love me
    Just be close at hand
    You don't have to stay forever
    I will understand
    Believe me, believe me, believe me

    Songwriters: VICKI WICKHAM, SIMON NAPIER-BELL, VITO PALLAVACINI, GIUSEPPE (PINO) DONAGGIO

    You Don't Have To Say You Love Me lyrics © SPIRIT MUSIC GROUP

  7.  

    This song has a great melody with a catchy phrase.

    Nos quedamos solos
    como cada noche
    hoy te siento tristre
    y sé muy bien porque.
    Tu querrás decirme
    "He cambiado mucho,
    el amor se acaba
    y quiero terminar".

    Yo que ni un momento puedo estar lejos de ti,
    ¿cómo soportar la vida entera ya sin ti?
    te quiero, te quiero
    te juro que yo no puedo vivir sin tu amor.

    Ven aqui abrazame
    yo te amo tanto
    y te pido porfavor
    que creas más en mi.

    Yo que ni un momento puedo estar lejos de ti
    ¿cómo soportar la vida entera ya sin ti?
    te quiero, te quiero

    Yo que ni un momento puedo estar lejos de ti
    ¿cómo soportar la vida entera ya sin ti?
    te quiero, te quiero, te quiero, te quiero.

     

  8. I love the comparison of the metaphors juxtaposed with the varied melody which goes from slow crescendo to a full out passionate climax back into a slow almost nostalgic melancholy.

    Well done composer and singer!!

    One of my favorite songs of all time.

     

    "Amante Del Amor"
     

    Mi prisión, mi libertad
    mi obscuridad y mi lucero
    mezcla de brisa y tempestad
    así te quiero
    mi pasión, mi corazón
    lluvia de mayo, sol de invierno
    que me estás dando, que tendrás
    tal vez encanto, veneno
    amante del amor
    quisiera ser la enredadera
    que sube por tu piel de seda
    beberme tu pasión
    amarte entera
    amante del amor
    mi placer, mi dolor
    mi sensatez y mi locura
    lo has sido todo para mí
    amor violento, ternura
    amante del amor
    quisiera ser la enredadera
    que sube por tu piel de seda
    beberme tu pasión
    amarte entera
    amante del amor
    a fuego lento yo te
    quisiera amar
    amante del amor
    quiero quererte
    dulcemente
    y beso a beso hasta vencerte
    muy poco a poco
    profundamente
    amante del amor

     

  9. Ven, te quiero amar, sin hablar
    Sin decir te quiero
    Ven vamos a hablar, por que no
    Sera como un juego.
    Hablemos con los ojos, con los besos
    Hablemos el lenguaje del silencio.
    Sin hablar, nuestros labios buscaran
    Sin hablar, nuestras manos hallaran
    Sin hablar, nuestras sombras
    Perdindose en la noche se amaram
    Sin hablar, nuestras miradas lo diran
    Sin hablar nuestras caricias se oiran
    Sin hablar, como niños jugando a lo prohibido
    Sin hablar.
    Ven, te quiero amar, otra vez
    Sin decir te quiero
    Ven, una vez ms
    Que en tu piel olvide un deseo
    Hablemos con la mente, con el alma
    Hablemos el lenguaje del silencio
    Sin hablar...(se repite)

    Songwriters
    JUAN CARLOS CALDERON LOPEZ DE ARROYABE

     

     

  10. Pensando en ti Recordandote
    Descubro cada amanecer
    Sintiendote mas y mas en mi
    Espero al sol mas de una vez

    Y sucede que este tiempo sin amor
    Me hizo saber
    Que aunque existe otro camino
    Va llenandose mi fe

    Pensando en ti como entender
    Lo que pasa en mi
    Despues que ayer te pregunte
    Si habia en ti amor dijiste no
    Es algo extrao pero no

    Y resulta que mi alma sigue igual
    Formando tu figura
    Hallando en tu sonrisa la felicidad
    Pensar en ti, pensar en ti

    Seria mas hermoso oir tu voz
    Viajar al cielo ilusionada
    Y regresar enamorada de mi amor
    Pero puedo seguir, estando solo asi
    Pensando en ti

    Y resulta que mi alma sigue igual
    Formando tu figura
    Hallando en tu sonrisa la felicidad
    Pensar en ti, pensar en ti

    Seria mas hermoso oir tu voz
    Viajar al cielo ilusionada
    Y regresar enamorada de mi amor
    Pero puedo seguir, estando solo asi
    Pensando en ti

    Songwriters
    CESPEDES RODRIGUEZ, FRANCISCO FABIAN

    Published by
    Lyrics © Warner/Chappell Music, Inc.

     

  11. Anchor and Vignette ads are designed for mobile websites and do not count toward page ad limits of 3 (or 4 on some sites)

    The first version of AdSense Anchor ads — also called overlays ads — launched in 2013, though they have evolved quite a bit from that first version. The ads are anchored to the edge of the user’s screen, but they can be dismissed.

    Vignette ads, like intersitials, are full-screen ads. Unlike traditional interstitial ads, though, Vignettes display when a user leaves rather than arrives on a page. These ads will only show a limited number of times per user.

    Ads in both formats will not count toward the three-ads-per-page limit and will only serve on mobile-optimized web pages displaying on smartphones. Google says Anchor and Vignette ads are just the first of many Page-level ad formats to come.

  12. Why don't you use an Index strategy?

    Check out this US Large Cap, High Dividend, Volatility Weighted Index ETF:

    Victory_CEMP_US_Large_Cap_High_Div_Volatility_Wtd_Index_ETF_Fact_Sheet(1).pdf

     

    I really like the explanation given in this article.

    It pays a dividend once a month

    Victory Portfolios II
    Victory CEMP US Large Cap High Div Volatility Wtd Index ETF
      Schedule of Investments
    December 31, 2015
     

      (Unaudited)

    Security Description

     

    Shares

     

    Value

     

    Common Stocks (99.8%)

     

    Aerospace & Defense (1.4%):

     

    Lockheed Martin Corporation

       

    1,884

       

    $

    409,111

       

    Air Freight & Logistics (1.0%):

     

    United Parcel Service, Inc.

       

    3,138

         

    301,970

       

    Automobiles (2.1%):

     

    Ford Motor Company

       

    22,068

         

    310,938

       

    General Motors Company

       

    8,736

         

    297,112

       
         

    608,050

       

    Banks (1.3%):

     

    People's United Financial, Inc.

       

    23,436

         

    378,491

       

    Beverages (1.7%):

     

    The Coca-Cola Company

       

    11,828

         

    508,131

       

    Capital Markets (2.2%):

     

    Invesco Ltd.

       

    8,692

         

    291,008

       

    T. Rowe Price Group, Inc.

       

    5,107

         

    365,100

       
         

    656,108

       

    Chemicals (2.9%):

     

    EI du Pont de Nemours & Company

       

    5,476

         

    364,702

       

    LyondellBasell Industries NV

       

    2,345

         

    203,780

       

    The Dow Chemical Company

       

    5,674

         

    292,098

       
         

    860,580

       

    Communications Equipment (1.7%):

     

    Cisco Systems, Inc.

       

    10,333

         

    280,593

       

    QUALCOMM, Inc.

       

    4,494

         

    224,632

       
         

    505,225

       

    Consumer Finance (0.6%):

     

    Navient Corporation

       

    16,378

         

    187,528

       

    Diversified Financial Services (1.1%):

     

    CME Group, Inc.

       

    3,465

         

    313,929

       

    Diversified Telecommunication Services (0.8%):

     

    CenturyLink, Inc.

       

    9,399

         

    236,479

       

    Electric Utilities (12.3%):

     

    American Electric Power Company, Inc.

       

    5,857

         

    341,287

       

    Duke Energy Corporation

       

    4,658

         

    332,535

       

    Entergy Corporation

       

    4,829

         

    330,110

       

    Eversource Energy

       

    6,679

         

    341,097

       

    Exelon Corporation

       

    8,426

         

    233,990

       

    OGE Energy Corporation

       

    11,174

         

    293,764

       

    Pepco Holdings, Inc.

       

    10,426

         

    271,180

       

    Pinnacle West Capital Corporation

       

    5,508

         

    355,156

       

    Southern Company

       

    8,057

         

    376,987

       

    Westar Energy, Inc.

       

    8,732

         

    370,324

       

    Xcel Energy, Inc.

       

    9,671

         

    347,286

       
         

    3,593,716

       

     

     

    Electrical Equipment (2.0%):

     

    Eaton Corporation PLC

       

    4,908

       

    $

    255,412

       

    Emerson Electric Company

       

    6,711

         

    320,987

       
         

    576,399

       

    Energy Equipment & Services (1.1%):

     

    Helmerich & Payne, Inc.

       

    2,983

         

    159,740

       

    National Oilwell Varco, Inc.

       

    4,760

         

    159,412

       
         

    319,152

       

    Food & Staples Retailing (3.6%):

     

    Costco Wholesale Corporation

       

    2,440

         

    394,060

       

    Sysco Corporation

       

    8,434

         

    345,794

       

    Wal-Mart Stores, Inc.

       

    5,265

         

    322,745

       
         

    1,062,599

       

    Food Products (1.9%):

     

    General Mills, Inc.

       

    7,585

         

    437,351

       

    Pilgrim's Pride Corporation

       

    5,878

         

    129,845

       
         

    567,196

       

    Health Care Equipment & Supplies (1.2%):

     

    Baxter International, Inc.

       

    9,243

         

    352,620

       

    Hotels, Restaurants & Leisure (2.8%):

     

    Las Vegas Sands Corporation

       

    3,971

         

    174,089

       

    McDonald's Corporation

       

    3,476

         

    410,655

       

    Starwood Hotels & Resorts Worldwide, Inc.

       

    3,266

         

    226,268

       
         

    811,012

       

    Household Products (1.6%):

     

    Procter & Gamble Company

       

    5,730

         

    455,019

       

    Insurance (7.2%):

     

    American Financial Group, Inc.

       

    6,274

         

    452,230

       

    Arthur J Gallagher & Company

       

    10,027

         

    410,505

       

    Cincinnati Financial Corporation

       

    6,640

         

    392,889

       

    CNA Financial Corporation

       

    9,630

         

    338,495

       

    MetLife, Inc.

       

    5,564

         

    268,240

       

    Principal Financial Group, Inc.

       

    5,551

         

    249,684

       
         

    2,112,043

       

    IT Services (3.3%):

     

    International Business Machines Corporation

       

    2,089

         

    287,488

       

    Paychex, Inc.

       

    8,032

         

    424,813

       

    The Western Union Company

       

    13,674

         

    244,901

       
         

    957,202

       

    Machinery (2.6%):

     

    Caterpillar, Inc.

       

    3,631

         

    246,763

       

    Deere & Company

       

    3,759

         

    286,699

       

    PACCAR, Inc.

       

    4,879

         

    231,264

       
         

    764,726

       

     

    Media (2.2%):

     

    Omnicom Group, Inc.

       

    5,600

       

    $

    423,696

       

    TEGNA, Inc.

       

    9,075

         

    231,594

       
         

    655,290

       

    Metals & Mining (0.8%):

     

    Nucor Corporation

       

    5,569

         

    224,431

       

    Multiline Retail (0.7%):

     

    Kohl's Corporation

       

    4,037

         

    192,282

       

    Multi-Utilities (13.1%):

     

    Alliant Energy Corporation

       

    5,728

         

    357,714

       

    Ameren Corporation

       

    7,948

         

    343,592

       

    CenterPoint Energy, Inc.

       

    15,632

         

    287,004

       

    CMS Energy Corporation

       

    8,851

         

    319,344

       

    Consolidated Edison, Inc.

       

    5,355

         

    344,166

       

    Dominion Resources, Inc.

       

    5,027

         

    340,026

       

    DTE Energy Company

       

    4,070

         

    326,373

       

    PG&E Corporation

       

    6,334

         

    336,905

       

    Public Service Enterprise Group, Inc.

       

    7,043

         

    272,494

       

    SCANA Corporation

       

    5,778

         

    349,511

       

    TECO Energy, Inc.

       

    8,913

         

    237,531

       

    WEC Energy Group, Inc.

       

    6,137

         

    314,890

       
         

    3,829,550

       

    Oil, Gas & Consumable Fuels (4.3%):

     

    Chevron Corporation

       

    3,258

         

    293,090

       

    Exxon Mobil Corporation

       

    4,098

         

    319,439

       

    Kinder Morgan, Inc.

       

    10,093

         

    150,588

       

    ONEOK, Inc.

       

    4,711

         

    116,173

       

    Plains GP Holdings LP

       

    7,299

         

    68,976

       

    Spectra Energy Corporation

       

    9,425

         

    225,634

       

    Williams Companies, Inc.

       

    3,363

         

    86,429

       
         

    1,260,329

       

    Paper & Forest Products (0.9%):

     

    International Paper Company

       

    6,573

         

    247,802

       

    Pharmaceuticals (3.7%):

     

    Johnson & Johnson

       

    4,005

         

    411,393

       

    Merck & Company, Inc.

       

    5,566

         

    293,996

       

    Pfizer, Inc.

       

    11,213

         

    361,956

       
         

    1,067,345

       

    Road & Rail (1.1%):

     

    Norfolk Southern Corporation

       

    3,637

         

    307,654

       

    Semiconductors & Semiconductor Equipment (6.7%):

     

    Analog Devices, Inc.

       

    3,671

         

    203,080

       

    Intel Corporation

       

    8,402

         

    289,449

       

    KLA-Tencor Corporation

       

    4,740

         

    328,719

       

    Linear Technology Corporation

       

    6,664

         

    283,020

       

    Microchip Technology, Inc.

       

    5,948

         

    276,820

       

     

    Security Description

     

    Shares

     

    Value

     

    Texas Instruments, Inc.

       

    5,259

       

    $

    288,246

       

    Xilinx, Inc.

       

    6,126

         

    287,738

       
         

    1,957,072

       

    Software (1.9%):

     

    CA, Inc.

       

    10,865

         

    310,304

       

    Symantec Corporation

       

    11,854

         

    248,934

       
         

    559,238

       

    Specialty Retail (1.9%):

     

    Best Buy Company, Inc.

       

    4,634

         

    141,105

       

    GameStop Corporation

       

    4,477

         

    125,535

       

    L Brands, Inc.

       

    3,074

         

    294,551

       
         

    561,191

       

    Technology Hardware, Storage & Peripherals (0.5%):

     

    Seagate Technology PLC

       

    4,212

         

    154,412

       

    Textiles, Apparel & Luxury Goods (0.9%):

     

    Coach, Inc.

       

    7,637

         

    249,959

       

    Thrifts & Mortgage Finance (1.1%):

     

    New York Community Bancorp, Inc.

       

    20,131

         

    328,538

       

    Tobacco (3.6%):

     

    Altria Group, Inc.

       

    6,392

         

    372,078

       

    Philip Morris International, Inc.

       

    4,107

         

    361,046

       

    Reynolds American, Inc.

       

    6,943

         

    320,420

       
         

    1,053,544

       

    Total Common Stocks (Cost $29,349,048)

       

    29,185,923

       

    SHORT-TERM INVESTMENTS (0.3%)

     

    Money Market Funds (0.3%):

     

    Short Term Investment Trust Liquid Assets Portfolio, 0.29%^

       

    98,072

         

    98,072

       

    Total Short-Term Investments — (Cost $98,072)

       

    98,072

       

    Total Investments — 100.1% (Cost $29,447,120)

       

    29,283,995

       

    Liabilities in excess of other assets — (0.1)%

       

    (14,989

    )

     

    NET ASSETS — 100.0%

     

    $

    29,269,006

       

    ^  Annualized seven-day yield as of December 31, 2015.

    The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC.

    Schedule of Open Futures Contracts

    Number of 
    Contracts 
    Sold
     

    Description

     

    Notional Amount

      Unrealized 
    Appreciation
     
      2    

    S&P 500 E-Mini Future, March 2016

     

    $

    (203,540

    )

     

    $

    1,977

       
       

    $

    1,977

       

     

  13. Freerunner, gymnast and Hollywood stuntman Damien Walters is no stranger to danger. With movie credits including Captain America, Skyfall and Assassin's Creed, Damien's performed in some of the most mind-blowing action sequences you've seen on screen.

    Damien proposed his dream stunt to us - could he stand facing away from a Formula E car as it approaches from behind, and then perform a blind backflip over the car as it passes below? We present to you this perfect synchronisation of highly-tuned man and machine: The Leap Of Faith.
     

  14. Get the PDF!

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