Altegris Equity Long Short Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 68.37 0.08 68.29
Stocks 76.34 50.39 25.96
Bonds 0.0 0.47 -0.47
Other 0.88 0.0 0.88
Foreign Bonds 0.0 0.07 -0.07
Foreign Stocks 7.55 2.15 5.4
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 09.30.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 09.30.2013

Ticker YTD Return % % Net Assets
SPDR S&P 500 --- --- 12.16
PepsiCo Inc PEP -4.12 1.59
Sherwin-Williams Company SHW 9.02 1.52
Herbalife, Ltd. HLF -17.03 1.5
W. R. Grace & Co. GRA 2.45 1.33
Costco Wholesale Corporation COST -2.49 1.32
McDonald's Corporation MCD -1.96 1.22
Home Depot, Inc. HD -0.41 1.12
Nu Skin Enterprises, Inc. Class A NUS -46.02 1.09
Anheuser-Busch Inbev SA ADR BUD -4.08 1.08