API Efficient Frontier Income Fund

Scorecard
3 / 5 Stars
Lipper
5 1 1
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
D+ (Sell)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.65 0.13 0.53
Stocks 48.58 0.0 48.58
Bonds 25.08 0.0 25.08
Other 10.37 0.32 10.05
Foreign Bonds 10.26 0.08 10.18
Foreign Stocks 0.55 0.0 0.55
Convertible 0.03 0.0 0.03
Preferred 5.01 0.0 5.01

Updated 10.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 10.31.2012

Ticker YTD Return % % Net Assets
SPDR Barclays Capital High Yield Bond --- --- 6.68
iShares iBoxx $ High Yield Corporate Bd --- --- 6.01
Peritus High Yield ETF --- --- 3.34
PowerShares Fundamental High Yld Corp Bd --- --- 3.02
PowerShares Build America Bond --- --- 2.91
PIMCO 1-5 Yr High Yield Corp Bd Idx ETF --- --- 2.67
Annaly Capital Management, Inc. NLY 15.95 2.25
SPDR BarCap ST High Yield Bond ETF --- --- 2.23
Solar Capital, Ltd. BDC SLRC -2.13 1.98
ARMOUR Residential REIT Inc ARR 3.86 1.9

Bond Ratings (%)

Updated 10.31.2012

Sector APIUX
AAA 1.7
AA 4.4
A 6.23
BBB 9.22
BB 29.65
B 35.8
Below B 7.98
Other 5.02
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