Whitebox Tactical Opportunities Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 62.75 0.23 62.52
Stocks 194.29 156.38 37.91
Bonds 4.78 28.14 -23.36
Other 3.78 2.57 1.21
Foreign Bonds 2.42 1.65 0.77
Foreign Stocks 19.4 4.1 15.3
Convertible 1.47 0.0 1.47
Preferred 4.18 0.0 4.18

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

Ticker YTD Return % % Net Assets
SPDR S&P 500 --- --- 45.41
iShares Russell 2000 --- --- 25.69
iShares 20+ Year Treasury Bond --- --- 20.76
American Airlines Group Inc AAL 42.97 16.79
SPDR Barclays High Yield Bond --- --- 9.25
American Airlines Group Inc AAL 42.97 7.91
Market Vectors Gold Miners ETF --- --- 6.99
iShares Nasdaq Biotechnology --- --- 5.86
Technology Select Sector SPDR® --- --- 4.86
Apple Inc AAPL -5.38 4.59