Portfolio Holdings as of 12/31/2015
| Ticker | Cusip | Description | Shares | Market Value | % of Portfolio |
| FPACX | 30254T759 | FPA Crescent Fund | 140,878.717 | $4,375,692.95 | 14.33% |
| JHEQX | 46637K281 | JPMorgan Hedged Equity Fund | 179,159.634 | $2,873,720.53 | 9.41% |
| GTEYX | 367829884 | Gateway Fund | 89,593.958 | $2,661,836.49 | 8.72% |
| FMPXX | 316175207 | Fidelity Money Market Inst. Fund 59 | 2,615,303.950 | $2,615,303.95 | 8.57% |
| BURFX | 122315872 | The Burnham Financia l Long/Short Fund | 133,102.813 | $2,234,796.23 | 7.32% |
| CSM | 74347R248 | PROSHARES TR PSHS LC COR PLUS | 38,670.000 | $1,908,751.20 | 6.25% |
| LCRIX | 527289409 | Leuthold Core Invest ments Fund | 101,865.792 | $1,792,837.94 | 5.87% |
| AVGRX | 007565302 | Advantage Funds Inc DYNC TTL ALPHA I | 108,536.186 | $1,719,213.19 | 5.63% |
| JOELX | 46641U606 | JPMorgan TR I Opp EQ LG/ST A | 84,934.970 | $1,452,387.99 | 4.76% |
| HERSHISE | LP2403 | Hershiser Income Fun d II, LP | 1,250,000.000 | $1,250,000.00 | 4.09% |
| ANCHOR | LLC500 | Anchor Fund LLC | 4,076.893 | $1,250,000.00 | 4.09% |
| IQDNX | 89832P705 | TRUST FOR ADVISED PO RTFOLIOS INFTY Q DIV | 124,000.000 | $1,248,680.00 | 4.09% |
| DIVY | 75605A108 | REALITY SHS ETF TR DIVS ETF | 38,000.000 | $886,160.00 | 2.90% |
| RAMA | LLC501 | Rama Fund LLC | 750.000 | $750,000.00 | 2.46% |
| ADOIX | 66538G650 | ACM Dynamic Opportun ity Fund | 38,363.171 | $608,439.89 | 1.99% |
| XLP | 81369Y308 | Consumer Staples Sel ect Sector SPDR Fund | 10,669.000 | $538,677.81 | 1.76% |
| XLK | 81369Y803 | Technology Select Sector SPDR Fund | 12,557.000 | $537,816.31 | 1.76% |
| XLY | 81369Y407 | Consumer Discretiona ry Select Sector SPD | 6,855.000 | $535,792.28 | 1.75% |
| XLV | 81369Y209 | Health Care Select Sector SPDR Fund | 7,242.000 | $521,641.26 | 1.71% |
| WESTRIDG | LLC520 | Westridge Lending Fu nd LLC | 500,000.000 | $500,000.00 | 1.64% |
| USO | 91232N108 | United States Oil Fund LP | 24,807.000 | $272,877.00 | 0.89% |
| Totals | 5,509,366.084 | $30,534,625.02 | |||