7Twelve Balanced Portfolio

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 19.82 8.39 11.43
Stocks 39.62 0.0 39.62
Bonds 14.2 0.0 14.2
Other 9.12 0.0 9.12
Foreign Bonds 8.02 0.0 8.02
Foreign Stocks 17.28 0.0 17.28
Convertible 0.0 0.0 0.0
Preferred 0.33 0.0 0.33

Updated 10.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 10.31.2013

% Net Assets
iShares North American Natural Resources 8.31
Vanguard S&P 500 ETF 8.29
Vanguard Small Cap Value ETF 8.29
iShares Core S&P Mid-Cap 8.29
Vanguard REIT Index ETF 8.27
iShares Core Total Aggregate US Bond 8.25
PowerShares DB Commodity Index Tracking 8.2
Fidelity Spartan Intl Idx Advtg 8.2
iShares Core MSCI Emerging Market 8.19
Vanguard Shrt-Term Infl-Prot Sec Idx ETF 4.12

Bond Ratings (%)

Updated 10.31.2013

Sector
AAA 67.28
AA 15.27
A 5.5
BBB 10.22
BB 0.05
B 0.0
Below B 0.0
Other 1.67