AmericaFirst Defensive Growth Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 3.01 0.0 3.01
Stocks 113.76 30.47 83.3
Bonds 0.0 0.0 0.0
Other 2.21 0.0 2.21
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 11.49 0.0 11.49
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
Invacare Corporation IVC -16.2 7.03
AngioDynamics, Inc. ANGO -10.14 6.88
Boston Scientific, Inc. BSX 8.15 6.84
Cryolife CRY -12.08 6.5
Mondelez International Inc MDLZ -4.25 6.47
Tyson Foods, Inc. Class A TSN 16.21 6.46
Conmed Corporation CNMD 9.53 6.4
Archer-Daniels Midland Company ADM -7.56 6.38
Bunge Ltd BG -4.12 6.32
Fresh Del Monte Produce, Inc. FDP -6.38 6.29