Transparent Value Directional Allocation Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.0 0.0
Stocks 97.82 97.82
Bonds 0.0 0.0
Other 0.01 0.01
Foreign Bonds 0.0 0.0
Foreign Stocks 2.17 2.17
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Scripps Networks Interactive Inc SNI -9.89 2.83
Qualcomm, Inc. QCOM 8.35 2.72
Michael Kors Holdings Ltd KORS 17.32 2.71
IAC/InterActiveCorp IACI 6.09 2.59
Foot Locker Inc FL 14.62 2.46
SPDR S&P 500 --- --- 2.28
VeriSign, Inc. VRSN -9.75 2.27
Alliance Data Systems Corporation ADS 3.66 2.23
Dollar Tree Stores, Inc. DLTR -7.0 2.2
Kroger Co KR 10.76 2.18