Hatteras Managed Futures Strategies Fund

Class Inst (HMFIX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.09 0.09
Stocks 0.0 0.0
Bonds 0.0 0.0
Other 99.91 99.91
Foreign Bonds 0.0 0.0
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
Underlying Fds Tr 99.91