Top Ten Holdings
for IFA Indexes

As of 3/31/2015   % of Fund Cumulative
% of Funds
LC

IFA US Large Company Index

Apple Inc   3.96 3.96
Exxon Mobil Corp   1.95 5.91
Microsoft Corp   1.82 7.73
Google Inc   1.72 9.45
Johnson & Johnson   1.53 10.98
Berkshire Hathaway Inc   1.44 12.42
Wells Fargo & Co   1.39 13.81
General Electric Co   1.36 15.18
JPMorgan Chase & Co   1.23 16.41
Procter & Gamble Co/The   1.21 17.62
LV

IFA US Large Cap Value Index

Comcast Corp   3.81 3.81
General Electric Co   3.75 7.57
AT&T Inc   3.57 11.13
Pfizer Inc   3.52 14.66
CVS Health Corp   3.47 18.13
JPMorgan Chase & Co   3.34 21.47
Chevron Corp   3.18 24.65
Exxon Mobil Corp   2.42 27.07
ConocoPhillips   2.13 29.20
Time Warner Inc   2.00 31.19
SC

IFA US Small Cap Index

Qorvo Inc   0.59 0.59
JetBlue Airways Corp   0.37 0.97
Office Depot Inc   0.33 1.30
VCA Inc   0.32 1.61
Jack in the Box Inc   0.28 1.89
Health Net Inc/CA   0.28 2.17
Buffalo Wild Wings Inc   0.28 2.45
Akorn Inc   0.28 2.73
Charles River Laboratorie   0.27 2.99
MAXIMUS Inc   0.26 3.25
SV

IFA US Small Cap Value Index

Omnicare Inc   0.73 0.73
NASDAQ OMX Group Inc/The   0.70 1.43
Legg Mason Inc   0.64 2.07
Avis Budget Group Inc   0.62 2.69
First Solar Inc   0.60 3.29
PartnerRe Ltd   0.58 3.87
Trinity Industries Inc   0.55 4.42
Graham Holdings Co   0.53 4.95
New York Community Bancor   0.53 5.47
Qorvo Inc   0.51 5.99
RE

IFA Global REIT Index

Simon Property Group Inc   5.88 5.88
Public Storage   2.80 8.68
Equity Residential   2.57 11.25
Unibail-Rodamco SE   2.46 13.71
Health Care REIT Inc   2.42 16.13
Ventas Inc   2.30 18.43
AvalonBay Communities Inc   2.17 20.60
Prologis Inc   2.11 22.71
Boston Properties Inc   2.08 24.79
HCP Inc   1.89 26.68
IS

IFA International Small Company Index

Inmarsat PLC   0.34 0.34
Man Group PLC   0.32 0.66
Informa PLC   0.30 0.96
Inchcape PLC   0.30 1.25
DCC PLC   0.29 1.54
Berkeley Group Holdings P   0.29 1.83
DS Smith PLC   0.28 2.11
William Hill PLC   0.27 2.39
Barratt Developments PLC   0.27 2.66
Pennon Group PLC   0.27 2.93
IV

IFA International Value Index

BP PLC   3.53 3.53
Royal Dutch Shell PLC   2.95 6.47
Novartis AG   2.34 8.81
Daimler AG   2.24 11.05
Vodafone Group PLC   2.12 13.17
Allianz SE   1.91 15.08
HSBC Holdings PLC   1.86 16.94
Mitsubishi UFJ Financial   1.71 18.65
ING Groep NV   1.20 19.84
Zurich Insurance Group AG   1.18 21.03
ISV

IFA International Small Cap Value Index

Persimmon PLC   1.32 1.32
Taylor Wimpey PLC   1.23 2.54
Barratt Developments PLC   1.16 3.71
Banca Popolare di Milano   1.08 4.78
Banca Popolare dell'Emili   0.94 5.72
Travis Perkins PLC   0.86 6.58
Inchcape PLC   0.84 7.42
Bellway PLC   0.83 8.25
Catlin Group Ltd   0.78 9.03
Vestas Wind Systems A/S   0.78 9.81
EM

IFA Emerging Markets Index

Samsung Electronics Co Lt   3.44 3.44
Taiwan Semiconductor Manu   3.07 6.51
Tencent Holdings Ltd   1.84 8.34
China Mobile Ltd   1.48 9.82
China Construction Bank C   1.26 11.08
Naspers Ltd   1.26 12.34
Industrial & Commercial B   1.18 13.51
America Movil SAB de CV   1.02 14.54
Itau Unibanco Holding SA   0.97 15.51
Hon Hai Precision Industr   0.87 16.38
EV

IFA Emerging Markets Value Index

China Construction Bank C   2.53 2.53
Bank of China Ltd   2.19 4.72
Vale SA   1.97 6.69
Gazprom OAO   1.80 8.49
Petroleo Brasileiro SA   1.78 10.27
Reliance Industries Ltd   1.56 11.83
Fomento Economico Mexican   1.49 13.32
Standard Bank Group Ltd   1.43 14.74
POSCO   1.29 16.03
Shinhan Financial Group C   1.26 17.30
ES

IFA Emerging Markets Small Cap Index

SPAR Group Ltd/The   0.48 0.48
Hanergy Thin Film Power G   0.47 0.95
Grupo Aeroportuario del S   0.43 1.37
Sappi Ltd   0.42 1.79
AVI Ltd   0.41 2.21
Equatorial Energia SA   0.39 2.60
Clicks Group Ltd   0.39 2.98
Foschini Group Ltd/The   0.37 3.36
Alsea SAB de CV   0.36 3.72
Grupo Aeroportuario del P   0.36 4.08