Litman Gregory Master Alternative Strategies Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 1.53 0.0 1.52
Stocks 29.38 10.31 19.07
Bonds 46.57 0.22 46.34
Other 8.68 4.16 4.52
Foreign Bonds 23.84 11.04 12.8
Foreign Stocks 11.56 1.05 10.5
Convertible 3.39 0.0 3.39
Preferred 1.85 0.0 1.85

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

Ticker YTD Return % % Net Assets
Alterra Capital Holdings Ltd. ALTE 16.03 2.04
M&T Bank Corp MTB 1.8 1.94
Hudson City Bancorp, Inc. HCBK 1.35 1.93
NYSE Euronext, Inc. NYX 26.09 1.87
Coventry Health Care, Inc. CVH 11.3 1.6
US Treasury Note 1.625% --- --- 1.51
Astral Media Inc. AAIAF 23.54 1.46
Db 3438 --- --- 1.42
Markel Corporation MKL 23.44 1.41
CreXus Investment Corp CXS 10.53 1.35
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