7Twelve Balanced Portfolio

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 19.51 8.66 10.85
Stocks 39.54 0.0 39.54
Bonds 12.05 0.0 12.05
Other 9.47 0.0 9.47
Foreign Bonds 10.06 0.0 10.06
Foreign Stocks 17.96 0.0 17.96
Convertible 0.0 0.0 0.0
Preferred 0.08 0.0 0.08

Updated 01.31.2013

Top 10 Holdings

Performance as of 05.31.2013

Portfolio as of 01.31.2013

% Net Assets
PowerShares DB Commodity Index Tracking 8.47
SPDR Barclays International Treasury Bd 8.41
iShares Barclays TIPS Bond 8.38
SPDR Barclays Aggregate Bond 8.37
Fidelity Spartan Intl Idx Advtg 8.37
SPDR S&P MidCap 400 8.36
Vanguard Small Cap Value ETF 8.35
Vanguard FTSE Emerging Markets ETF 8.34
Vanguard S&P 500 ETF 8.32
iShares S&P North Amer Natural Resources 8.3
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