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Historical All Holdings
  Holdings as of 5/31/2008 (in alphabetical order)
  Company Name   Symbol   # of Shares   Market Value ($)  
 
  51job, Inc. (ADR)   JOBS   124,300   2,444,981  
 
  Akamai Technologies, Inc.   AKAM   381,500   14,897,575  
  Alacritech, Inc.   N/A   444,444   210,799  
  alibaba.com, Ltd.   1688.HK   30,300   56,298  
  Amazon.com, Inc.   AMZN   151,400   12,357,268  
  Apple, Inc.   AAPL   86,550   16,336,312  
 
  B2W Companhia Global do Varejo   BTOW3   68,000   2,944,506  
  Baidu.com, Inc. (ADR)   BIDU   37,800   13,043,268  
  Bidz.com Inc.   BIDZ   350,700   4,029,543  
  Broadcom Corp.   BRCM   136,000   3,901,840  
 
  Check Point Software Technologies, Ltd.   CHKP   315,800   7,841,314  
  Cisco Systems, Inc.   CSCO   598,300   15,986,576  
  CNET Networks, Inc.   CNET   958,727   10,977,424  
  Ctrip.com International, Ltd.   CTRP   106,300   6,205,794  
 
  Digital River, Inc.   DRIV   355,381   14,236,562  
  drugstore.com, inc.   DSCM   1,593,200   3,457,244  
 
  eBay, Inc.   EBAY   464,101   13,927,671  
  eHealth, Inc.   EHTH   165,000   4,113,450  
  EMC Corp.   EMC   199,300   3,475,792  
  Expedia, Inc.   EXPE   311,245   7,547,691  
 
  Fairchild Semiconductor International, Inc.   FCS   165,000   2,475,000  
  Focus Media Holding, Ltd.   FMCN   51,000   2,054,790  
 
  Gmarket, Inc.   GMKT   91,800   2,289,492  
  Google, Inc.   GOOG   29,668   17,379,514  
  Greenfield Online, Inc.   SRVY   260,000   3,312,400  
  GSI Commerce, Inc.   GSIC   434,000   6,288,660  
 
  IAC/InterActiveCorp.   IACI   399,500   9,008,725  
  Intel Corp.   INTC   100,000   2,318,000  
  Intermap Technologies Corp.   IMP.CN   340,986   2,076,253  
 
  Juniper Networks, Inc.   JNPR   413,500   11,379,520  
 
  Knot, Inc.   KNOT   192,200   2,231,442  
 
  LoopNet, Inc.   LOOP   87,700   1,151,501  
 
  Mainstream Data, Inc.   N/A   5,786   0  
  McAfee, Inc.   MFE   176,500   6,398,125  
  MercadoLibre Corp.   MELI   45,400   2,131,530  
  Microsoft Corp.   MSFT   579,000   16,397,280  
  Monster Worldwide, Inc.   MNST   244,750   6,042,877  
  Move, Inc.   MOVE   3,571,678   10,750,750  
 
  Napster, Inc.   NAPS   2,179,505   3,378,232  
  NetEase.com, Inc.   NTES   184,100   4,188,275  
  Netflix, Inc.   NFLX   122,882   3,730,697  
  NHN Corp.   035420.KQ   14,000   2,896,364  
 
  Omniture, Inc.   OMTR   337,000   8,307,050  
  Oracle Corp.   ORCL   195,500   4,465,220  
 
  PetMed Express, Inc.   PETS   513,700   7,166,115  
  priceline.com, Inc.   PCLN   67,366   9,062,747  
 
  QUALCOMM, Inc.   QCOM   180,000   8,737,200  
 
  RealNetworks, Inc.   RNWK   329,500   2,405,350  
  Red Hat, Inc.   RHAT   112,200   2,733,192  
  Rediff.com India, Ltd.   REDF   224,200   1,670,290  
  Research In Motion, Ltd.   RIMM   52,500   7,290,675  
 
  Salesforce.com, Inc.   CRM   96,500   6,977,915  
  Shanda Interactive Entertainment, Ltd.   SNDA   102,300   3,321,681  
  Shutterfly, Inc.   SFLY   65,000   936,650  
  Silicon Motion Technology Corp.   SIMO   264,500   5,110,140  
  SINA Corp.   SINA   191,400   10,195,878  
  Sohu.com, Inc.   SOHU   80,350   7,032,232  
  SourceForge, Inc.   LNUX   2,453,918   3,828,112  
  Spark Networks, Inc.   LOV   297,200   1,263,100  
  STMicroelectronics N.V.   STM   190,000   2,475,700  
  Symantec Corp.   SYMC   258,000   5,606,340  
 
  TechTarget, Inc.   TTGT   330,800   4,015,912  
  Tencent Holdings, Ltd.   700.HK   458,800   3,862,576  
  The9, Ltd.   NCTY   105,400   2,728,806  
  TheStreet.com   TSCM   477,740   3,688,152  
  Time Warner, Inc.   TWX   261,000   4,144,680  
 
  U.S. Auto Parts Network, Inc.   PRTS   94,000   348,740  
  Universo Online SA   UOLL4.BZ   391,000   2,235,659  
 
  ValueClick, Inc.   VCLK   113,400   2,280,474  
  VeriSign, Inc.   VRSN   277,000   11,091,080  
  VistaPrint, Ltd.   VPRT   59,000   1,847,880  
 
  WebMD Health Corp.   WBMD   147,450   4,427,923  
 
  Yahoo!, Inc.   YHOO   615,280   16,464,892  
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Portfolio holdings will change, should not be considered purchase recommendations and do not reflect cash, money markets or options/futures contracts holdings.

An investor should consider the Fund's investment objectives, risks, and charges and expenses carefully before sending money. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please click here. Please read the prospectus carefully before investing.



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