Top 10 Holdings
as of (12/31/2014)

Name Value
Omnicom Group, Inc. 4.48%
Markel Corp. 4.42%
Leucadia National Corp. 4.34%
E*TRADE Financial Corp. 4.21%
Willis Group Holdings PLC 4.13%
Endurance Specialty Holdings, Ltd. 3.50%
Kohl's Corp. 3.16%
News Corp. Class B 3.08%
Covidien PLC 3.00%
Anthem, Inc. 2.99%

Sector Breakdown
as of (12/31/2014)

Sector Fund
FINANCIALS 36.19%
CONSUMER DISCRETIONARY 20.19%
INFORMATION TECHNOLOGY 19.18%
HEALTH CARE 13.76%
INDUSTRIALS 6.35%
MATERIALS 3.07%
Cash & Equivalents 1.26%

Current and future portfolio holdings are subject to change and risk.