I guess the “Repurchase Agreement” is a their reference to a “put” option. It’s still is only 59.22% of their holdings. This is only one example of Ryder’s Inverse Fund portfolio, however I found it was indicative of all of them. Oh and I meant Freddie Mac not Mae – I apologize.
Top Holdings (6/30/06) (%)
Repurchase Agreement 34.92
Repurchase Agreement 12.85
Repurchase Agreement 11.45
Fed Home Loan Disc Note 9.45
Freddie Mac Disc Note 9.43
Freddie Mac Disc Note 4.66
Freddie Mac Disc Note 4.65
Freddie Mac Disc Note 4.63
Nasdaq 100 Future —
Total —
Asset Type (6/30/06) (%)
U.S. Cash 100.00
U.S. Total 100.00
Foreign Total
