RiverNorth Equity Opportunity Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 2.75 7.71 -4.96
Stocks 78.46 3.65 74.81
Bonds 3.91 0.01 3.91
Other 3.98 0.55 3.43
Foreign Bonds 1.17 0.05 1.12
Foreign Stocks 20.62 1.32 19.29
Convertible 0.71 0.0 0.71
Preferred 1.81 0.13 1.68

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Clough Global Allocation Common GLV 3.87 6.1
SPDR S&P 500 --- --- 5.57
Adams Express Common --- --- 4.81
BlackRock Global Opportunities Common --- --- 4.74
Royce Focus Trust Common FUND 6.45 3.9
Tri-Continental Corporation Common --- --- 3.85
iShares Russell 1000 Value --- --- 3.66
Cornerstone Total Return Common CRF 3.45 3.52
Liberty All-Star Equity Common --- --- 3.39
Alpine Total Dynamic Dividend --- --- 3.07