Quantified Market Leaders Fund

Class Inv (QMLFX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 2.37 0.02 2.36
Stocks 55.96 0.0 55.96
Bonds 0.0 0.0 0.0
Other 0.4 0.02 0.37
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 40.91 0.0 40.91
Convertible 0.0 0.0 0.0
Preferred 0.4 0.0 0.4

Updated 09.30.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 09.30.2013

% Net Assets
First Trust Dow Jones Internet Index 5.49
SPDR S&P Biotech ETF 4.91
iShares MSCI Spain Capped 4.52
First Trust ISE-Revere Natural Gas Idx 4.42
iShares Russell 2000 Growth 3.97
iShares Core S&P Small-Cap 3.96
iShares S&P Small-Cap 600 Growth 3.96
iShares MSCI Italy Capped 3.95
Vanguard Small Cap Growth ETF 3.94
Vanguard Growth ETF 3.9