Walthausen Select Value Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 19.75 6.2 13.56
Stocks 84.39 0.0 84.39
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 2.06 0.0 2.06
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 01.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 01.31.2013

Ticker YTD Return % % Net Assets
Gulfport Energy Corporation GPOR 33.18 2.27
Avery Dennison Corp AVY 17.3 2.26
Lender Processing Services, Inc. LPS 9.79 2.26
Rent-A-Center, Inc. RCII 1.34 2.2
CAI International, Inc. CAP 11.3 2.19
Power-One, Inc. PWER 53.84 2.19
Seaboard Corporation SEB 3.69 2.16
Lincoln Electric Holdings, Inc. LECO 6.45 2.15
Ocwen Financial Corporation OCN 5.41 2.15
Trinity Industries, Inc. TRN 12.93 2.14

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