Hays Advisory

Hays Advisory as of Dec. 31, 2010

Portfolio Holdings for Hays Advisory

Hays Advisory holds 50 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR S&P MidCap 400 ETF (MDY) 10.2 $97M 589k 164.68
Cognizant Technology Solutions (CTSH) 4.0 $38M 521k 73.29
Joy Global 3.9 $37M 425k 86.75
Southern Copper Corporation (SCCO) 3.8 $36M 730k 48.74
Dick's Sporting Goods (DKS) 3.7 $35M 935k 37.50
Cameron International Corporation 3.6 $34M 671k 50.73
Cummins (CMI) 3.6 $34M 308k 110.01
Oracle Corporation (ORCL) 3.5 $34M 1.1M 31.30
Agrium 3.4 $33M 354k 91.75
Discovery Communications 3.4 $32M 778k 41.70
Core Laboratories 3.3 $31M 349k 89.05
Flowserve Corporation (FLS) 3.1 $29M 244k 119.22
America Movil Sab De Cv spon adr l 3.0 $29M 503k 57.34
Vanguard REIT ETF (VNQ) 3.0 $29M 522k 55.37
Precision Castparts 3.0 $29M 207k 139.21
Hasbro (HAS) 3.0 $28M 601k 47.18
Danaher Corporation (DHR) 3.0 $28M 598k 47.17
Western Digital (WDC) 2.9 $28M 822k 33.90
Banco Bradesco SA (BBD) 2.9 $28M 1.4M 20.29
Nike (NKE) 2.8 $27M 315k 85.42
Walt Disney Company (DIS) 2.5 $24M 643k 37.51
Franklin Resources (BEN) 2.5 $24M 216k 111.21
FactSet Research Systems (FDS) 2.4 $23M 246k 93.76
Jefferies 2.4 $23M 866k 26.63
McKesson Corporation (MCK) 2.2 $21M 292k 70.38
Dresser-Rand 2.2 $21M 482k 42.59
Directv 2.1 $20M 510k 39.93
Impax Laboratories 2.0 $19M 951k 20.11
Accenture (ACN) 2.0 $19M 390k 48.49
Hldgs (UAL) 1.8 $17M 715k 23.82
SPDR S&P Emerging Latin America 0.5 $4.8M 54k 89.74
Vanguard Mid-Cap Growth ETF (VOT) 0.5 $4.4M 71k 62.30
Global X InterBolsa FTSE Colombia20 0.3 $3.1M 72k 42.53
First Trust Cnsmer Disry Alpha Fnd (FXD) 0.3 $2.8M 142k 19.78
First Trust Materials AlphaDEX Fnd (FXZ) 0.3 $2.7M 116k 23.76
Claymore/BNY Mellon Frontier Markets ETF 0.3 $2.6M 106k 24.44
iShares MSCI South Africa Index (EZA) 0.3 $2.5M 34k 74.69
iShares MSCI Emerging Markets Indx (EEM) 0.2 $2.2M 45k 47.64
Market Vector Russia ETF Trust 0.2 $2.2M 57k 37.91
iShares MSCI South Korea Index Fund (EWY) 0.2 $2.1M 34k 61.20
iShares MSCI Malaysia Index Fund 0.2 $2.1M 148k 14.38
SPDR S&P Emerging Europe 0.2 $2.0M 41k 49.54
iShares MSCI Thailand Index Fund (THD) 0.2 $2.0M 32k 64.61
First Trust ISE ChIndia Index Fund 0.2 $1.9M 75k 25.02
Market Vectors Indonesia Index 0.1 $1.3M 15k 87.30
PowerShares Dynamic Energy Sector 0.1 $1.3M 36k 37.40
PowerShares Dynamic Biotech &Genome 0.1 $1.3M 61k 21.89
Market Vectors-Coal ETF 0.1 $1.3M 27k 47.23
PowerShares DB Com Indx Trckng Fund 0.1 $488k 18k 27.57
Vonage Holdings 0.0 $36k 16k 2.27