Whitebox Tactical Opportunities Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 53.29 0.11 53.18
Stocks 68.0 11.26 56.74
Bonds 0.0 14.2 -14.2
Other 3.04 0.99 2.05
Foreign Bonds 0.0 1.02 -1.02
Foreign Stocks 3.51 0.27 3.24
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

Ticker YTD Return % % Net Assets
SPDR S&P 500 --- --- 13.46
iShares Barclays 20+ Year Treas Bond --- --- 9.15
SPDR Barclays High Yield Bond --- --- 6.16
Technology Select Sector SPDR --- --- 5.12
iShares Russell 2000 Index --- --- 2.83
Dell Inc DELL 32.25 2.34
SPDR S&P 500 --- --- 1.87
Microsoft Corporation MSFT 23.36 1.64
KKR & Co LP KKR 40.77 1.44
Sanofi-Aventis ([Wts/Rts]) --- --- 1.41

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