Aspen Managed Futures Strategy Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 94.4 0.75 93.65
Stocks 0.0 0.0 0.0
Bonds 7.82 0.0 7.82
Other 0.0 0.6 -0.6
Foreign Bonds 0.0 0.68 -0.68
Foreign Stocks 0.0 0.19 -0.19
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

% Net Assets
US Treasury Note 0.25% 1.96
US Treasury Note 0.25% 1.96
US Treasury Note 0.25% 1.95
US Treasury Note 0.25% 1.95
Corn Future 0.26
Long Gilt Future 0.2
Soybean Future 0.2
Euro-Bund Future 0.19
U.S. 10 Year Treasury Note Future 0.16
Canadian 10 Year Bond Future 0.13