Tealeaf Long/Short DeepValue Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 32.73 0.0 32.72
Stocks 91.72 31.26 60.47
Bonds 0.0 0.0 0.0
Other 0.0 0.02 -0.02
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 9.69 2.86 6.83
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 10.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 10.31.2013

Ticker YTD Return % % Net Assets
Market Vectors Semiconductor ETF --- --- 10.19
iShares Core S&P Small-Cap --- --- 10.06
Dot Hill Systems Corporation HILL 59.35 8.26
Invacare Corporation IVC -16.2 5.57
Quantum Corporation QTM -5.0 5.53
Entropic Communications, Inc. ENTR -0.64 5.38
Extreme Networks, Inc. EXTR -18.34 5.07
FormFactor, Inc. FORM 18.97 4.26
Logitech International S.A. LOGI 12.64 4.01
Sykes Enterprises, Inc. SYKE -9.9 3.49