WBI Absolute Return Dividend Income Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 12.85 0.0 12.85
Stocks 71.68 0.0 71.68
Bonds 7.72 0.0 7.72
Other 0.01 0.03 -0.02
Foreign Bonds 1.88 0.0 1.88
Foreign Stocks 5.89 0.0 5.89
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 03.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 03.31.2014

Ticker YTD Return % % Net Assets
iShares iBoxx $ Invst Grade Crp Bond --- --- 9.7
GameStop Corp Class A GME -16.44 4.36
JPMorgan Chase & Co JPM 0.43 4.29
Archer-Daniels Midland Company ADM 4.45 4.16
Apple Inc AAPL 17.82 4.03
Time Warner Inc TWX 6.49 3.96
Emerson Electric Co. EMR -3.95 3.9
Best Buy Co Inc BBY -21.49 3.82
Coach, Inc. COH -37.72 3.7
General Mills, Inc. GIS 7.57 3.04

Bond Ratings (%)

Updated 03.31.2014

Sector WBDNX
AAA 0.87
AA 17.37
A 48.37
BBB 30.6
BB 0.15
B 0.0
Below B 0.0
Other 2.65