TOPS Growth ETF Portfolio

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 3.75 0.0 3.75
Stocks 52.75 0.0 52.75
Bonds 9.3 0.0 9.3
Other 0.53 0.0 0.53
Foreign Bonds 3.11 0.0 3.11
Foreign Stocks 30.35 0.0 30.35
Convertible 0.0 0.0 0.0
Preferred 0.21 0.0 0.21

Updated 12.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 12.31.2012

% Net Assets
Vanguard FTSE All-World ex-US ETF 16.83
iShares S&P 500 Growth Index 12.9
iShares Core S&P Small-Cap ETF 12.86
iShares Core S&P Mid-Cap ETF 11.86
iShares S&P 500 Value Index 9.94
iShares iBoxx $ High Yield Corporate Bd 3.93
iShares Barclays TIPS Bond 3.91
SPDR S&P Global Natural Resources 2.98
Vanguard FTSE Emerging Markets ETF 2.96
SPDR Dow Jones Intl Real Estate 2.96

Bond Ratings (%)

Updated 12.31.2012

Sector
AAA 18.98
AA 33.62
A 3.92
BBB 12.58
BB 13.45
B 12.52
Below B 3.68
Other 1.25
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