AmericaFirst Defensive Growth Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 8.63 0.0 8.63
Stocks 116.87 22.56 94.31
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 8.99 11.92 -2.93
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 12.31.2012

Ticker YTD Return % % Net Assets
Green Mountain Coffee Roasters, Inc. GMCR 38.1 17.39
Flowers Foods, Inc. FLO 39.11 8.72
McKesson, Inc. MCK 9.27 8.46
AmerisourceBergen Corp ABC 25.17 8.39
Constellation Brands Inc. Class A STZ 39.11 8.14
Lear Corporation LEARQ 0.0 7.89
Abaxis, Inc. ABAX 13.42 7.8
Cott Corp COT 18.17 7.66
Dr Pepper Snapple Group, Inc. DPS 9.64 7.51
Church & Dwight Company, Inc. CHD 17.94 7.51
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