Ziegler Strategic Income Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 103.14 0.07 103.07
Stocks 1.17 3.81 -2.64
Bonds 132.56 71.26 61.3
Other 0.42 0.17 0.24
Foreign Bonds 130.61 212.66 -82.05
Foreign Stocks 0.0 1.59 -1.59
Convertible 15.89 0.0 15.89
Preferred 14.94 9.17 5.77

Updated 05.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 05.31.2014

% Net Assets
NYSE/Liffe 2 Year US Treasury Note Future Sept14 119.65
US Treasury Note 2.125% 37.47
90day Euro$ Futr Sep14 30.26
90day Euro$ Futr Dec14 30.25
90day Euro$ Futr Mar15 30.23
90day Euro$ Futr Jun15 29.41
90day Euro$ Futr Sep15 29.36
90day Euro$ Futr Dec15 29.3
90day Euro$ Futr Mar16 29.22
US Treasury Note 2.75% 15.33