Altegris Fixed Income Long Short Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.0 0.0 0.0
Stocks 0.0 4.48 -4.48
Bonds 62.16 0.0 62.16
Other 1.4 0.0 1.4
Foreign Bonds 11.47 0.0 11.47
Foreign Stocks 0.0 0.54 -0.54
Convertible 26.26 0.0 26.26
Preferred 3.73 0.0 3.73

Updated 03.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 03.31.2014

% Net Assets
Wamu Mtg Cert 2007-Oa6 CMO 5.94
FNMA CMO 4% 4.74
Cwalt Inc 2005-38 CMO 3.93
Structured Asset Mtg 2006-Ar7 CMO 3.81
FHLMC CMO 3.28
Volt Npl X Llc 2013-Npl4 FRN 3.14
FHLMC CMO 3.03
FHLMC CMO 4% 3.01
GNMA CMO 2.37
Wamu Mtg Cert 2007-Oa4 CMO 2.18