AMIDEX35 Israel Mutual Fund

A select List of Portfolio Holdings As of September 30, 2009

US traded - COMPANY TICKER INDUSTRY WEIGHTING
Check Point Software CHKP Security Software & Services 5.60%
Amdocs DOX Billing Software 4.86%
Partner Communications PTNR Telecommunication 3.65%
Cellcom Israel CEL Telecommunication 2.13%
Elbit Systems ESLT Defense Systems 2.08%
Ormat Technologies ORA Energy 2.05%
Nice Systems NICE Telecommunication 1.61%
Comverse Technology CMVT Telecommunication 1.30%
Electronics for Imaging EFII Digital Imaging 0.56%
Verint Systems VRNT Communications Interception 0.43%
       
Israel traded - COMPANY TICKER INDUSTRY WEIGHTING
Leumi Bank LUMI Banking 5.52%
Bank Hapoalim POLI Banking 4.95%
Israel Corporation ILCO Diversified Holdings 4.90%
Makhteshim-Agan Industries MAIN Chemicals 2.10%
Israel Discount Bank DSCT Banking 1.64%
Delek Group Ltd. DELKG Oil & Gas 1.54%
Osem Investment Ltd. OSEM Food Retail 1.43%
Clal Insurance CLIS Multi-line Insurance 1.08%
Africa Israel Investments AFIL Construction 0.67%

 

* Holdings and weights as of 09/30/09 and subject to change. The AMIDEX35 Israel Mutual Fund is not diversified and is composed of only 35 companies. All investments are inherently subject to market risk. The relatively limited liquidity of some of the equities in the portfolio may effect the Fund's ability to acquire desired positions quickly or ability to dispose of securities at a desirable price and time. The fund has a high industry concentration in healthcare securities, which could entail greater risk than a fund with more diversified holdings. For instance, market conditions, interest rates, or economic and regulatory developments can significantly affect an issuer, an industry, or even a group of related industries, more adversely than other securities in the market as a whole. These factors may affect the value of your investment.