Altegris Futures Evolution Strategy Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 1.82 1.82
Stocks 0.0 0.0
Bonds 57.17 57.17
Other 0.76 0.76
Foreign Bonds 16.54 16.54
Foreign Stocks 23.71 23.71
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 03.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 03.31.2014

% Net Assets
Afes Fund Limited Cfc 23.71
FNMA 3% 2.79
FNMA 3.5% 1.89
US Treasury Note 1.625% 1.57
FNMA 3.5% 1.43
US Treasury Note 1.875% 1.29
US Treasury Note 1% 1.24
FNMA 3% 1.1
US Treasury Bond 3.75% 0.98
US Treasury Note 2.75% 0.96