Ziegler Strategic Income Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 54.36 0.0 54.36
Stocks 1.55 0.0 1.55
Bonds 71.6 45.18 26.43
Other 0.0 0.0 0.0
Foreign Bonds 4.54 0.5 4.04
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 13.61 0.0 13.61

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
US Treasury Note 2% 27.5
US Treasury Note 2.5% 11.2
US Treasury Note 1.375% 6.47
Plains Expl& Prodtn 6.875% 2.6
Sprint Cap 6.9% 1.91
Sandridge Engy 8.75% 1.89
Sealed Air Corp New 144A 6.5% 1.88
First Data 144A 7.375% 1.87
Niska Gas Strge Us Llc/Fin Cp 8.875% 1.82
Del Monte 7.625% 1.82

Bond Ratings (%)

Updated 12.31.2013

Sector ZLSCX
AAA 2.82
AA 1.37
A 2.88
BBB 13.75
BB 24.7
B 41.46
Below B 4.17
Other 8.85