Trilogy International Small Cap Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 6.35 6.35
Stocks 0.0 0.0
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 93.65 93.65
Convertible 0.0 0.0
Preferred 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
Ashtead Group PLC ASHTF 32.17 3.45
Intrum Justitia AB IJ --- 2.55
Makita Corp MKEWF --- 2.28
Stanley Electric Co., Ltd. 6923 --- 2.27
Ramirent Oyj RMR1V --- 2.24
PureCircle Ltd PCRTF 0.79 2.1
KUKA Aktiengesellschaft KU2 --- 2.09
Wienerberger AG WBRBF 30.47 2.09
Close Brothers Group PLC CBG --- 2.07
Opera Software ASA OPERA --- 2.04

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