AC One China Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 4.08 4.08
Stocks 0.0 0.0
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 95.92 95.92
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 03.31.2013

Top 10 Holdings

Performance as of 05.31.2013

Portfolio as of 03.31.2013

Ticker YTD Return % % Net Assets
Ping An Insurance Group H Shares PIAIF -6.83 5.0
Tencent Holdings Ltd. 00700 --- 4.64
Tingyi (Cayman Islands) Holding Corp. TCYMF -9.68 3.71
Industrial And Commercial Bank Of China Ltd. H Shares 01398 --- 3.56
Tsingtao Brewery Co., Ltd. H Shares TSGTF 18.51 3.16
Hengan International Group Co., Ltd. HEGIF 20.56 3.07
Lenovo Group, Ltd. 00992 --- 2.99
Belle International Holdings Ltd. BELLF -28.03 2.92
CSR Corporation Ltd. H Shares CSRGF --- 2.88
Air China Limited H Shares 00753 --- 2.64
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