* Based On Net Assets *

Flexible Income Fund 5/31/2013

Security Holdings Through 5/31/2013
Security DescriptionPercentage
iShares - IBoxx $ High Yield Corp Bond8.93 %
iShares - Barclays Intermediate Credit6.82 %
iShares - Core Total US Bond Market ETF6.05 %
Powershares - Senior Loan Portfolio ETF4.83 %
Vanguard - Total Bond Market ETF4.33 %
Vanguard - Short-Term Corp Bond ETF3.96 %
PIMCO - Enhanced Short Mat Strat ETF3.69 %
SPDR - Barclays Capital ST High Yield3.52 %
Vanguard - Intermediate-Term Corp Bnd ETF3.49 %
PIMCO - 0-5 Year High Yield Corp Bond3.29 %

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund's current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.