American Independence Dynamic Conservative Plus Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 7.71 1.97 5.75
Stocks 3.48 0.0 3.48
Bonds 36.01 0.0 36.01
Other 3.86 0.0 3.86
Foreign Bonds 39.11 0.0 39.11
Foreign Stocks 8.52 0.0 8.52
Convertible 2.38 0.0 2.38
Preferred 0.9 0.0 0.9

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

% Net Assets
SPDR DB Intl Govt Infl-Protected Bond 34.64
iShares Barclays 7-10 Year Treasury 10.84
iShares Barclays 20+ Year Treas Bond 10.83
iShares Barclays 3-7 Year Treasury Bond 6.3
iShares iBoxx $ Invest Grade Corp Bond 4.33
iShares Barclays MBS Bond 4.32
Vanguard FTSE Emerging Markets ETF 3.51
SPDR S&P 500 3.48
SPDR Barclays Capital Convertible Secs 3.47
Vanguard FTSE Europe ETF 3.41

Bond Ratings (%)

Updated 03.31.2013

Sector AABBX
AAA 54.11
AA 18.63
A 8.41
BBB 8.81
BB 2.83
B 2.46
Below B 0.5
Other 4.25
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