Holdings

pensionpartners Beta Rotation Fund Holdings as of 05/31/15

Holdings are disclosed quarterly, with a 60 day lag, based on the Fund’s fiscal year-end of August 31. Therefore, the holdings posted will be as of the Fund’s fiscal quarter-ends of 2/28, 5/31, 8/31 or 11/30.

Ticker/Security Description % of Net Assets
TRPXX – Invesco Treasury Portfolio 1.7%
XLP – Consumer Staples Select Sector SPDR Fund 24.8%
XLV – Health Care Select Sector SPDR Fund 49.3%
XLU – Utilities Select Sector SPDR Fund 24.8%
Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.