Jacobs Broel Value Fund

Class Other (JBVLX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 4.92 4.92
Stocks 74.68 74.68
Bonds 0.0 0.0
Other 0.17 0.17
Foreign Bonds 2.86 2.86
Foreign Stocks 17.25 17.25
Convertible 0.0 0.0
Preferred 0.11 0.11

Updated 11.30.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 11.30.2013

Ticker YTD Return % % Net Assets
Xerox Corporation XRX -10.68 5.02
Teva Pharmaceutical Industries Ltd ADR TEVA 22.45 4.79
Vanguard FTSE Emerging Markets ETF --- --- 4.57
Apple Inc AAPL -5.38 4.49
Merck & Co Inc MRK 12.73 4.39
Intel Corp INTC -4.74 4.38
American Campus Communities, Inc. ACC 15.77 4.17
Intrepid Potash, Inc. IPI -5.68 3.97
Corning Inc GLW 7.41 3.76
Allegheny Technologies Inc ATI -12.07 3.66