Aegis High Yield Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.0 0.0
Stocks 1.81 1.81
Bonds 29.12 29.12
Other 14.06 14.06
Foreign Bonds 38.01 38.01
Foreign Stocks 1.47 1.47
Convertible 11.71 11.71
Preferred 3.82 3.82

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

% Net Assets
Osa Goliath Petroleum Ltd., Sec., 12.000% 4.55
Archroma Term Loan B 4.33
Alliance One International, Inc., 2nd Lien, 9.875% 4.1
Dispensing Dynamics Intl 12.5% 3.91
Cal Dive Intl Inc Del Cv 5% 3.85
Thompson Creek Metals Co 7.375% 3.73
Tower Group, International, Ltd., 5.000% 3.71
Hoa Rest Grp Llc/ Hoa Fin 11.25% 3.61
Exide Tech 8.625% 3.45
Black Elk Energy Offshore Operations Llc And Black Elk Finance Corp., Sr. S 3.06

Bond Ratings (%)

Updated 12.31.2013

Sector AHYAX
AAA 0.0
AA 0.0
A 0.0
BBB 0.0
BB 0.0
B 37.3
Below B 13.0
Other 49.7