Relative Value Partners

Relative Value Partners as of June 30, 2011

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 63 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 18.2 $32M 537k 58.74
Vanguard Total Bond Market ETF (BND) 8.0 $14M 171k 81.16
SunAmerica Focused Alpha Growth Fund 7.6 $13M 635k 20.77
DWS Dreman Value Income Edge Fund 5.9 $10M 699k 14.56
Energy Select Sector SPDR (XLE) 5.8 $10M 133k 75.35
Eaton Vance Tax Managed Diversified Eq. (ETY) 4.8 $8.3M 760k 10.92
BlackRock Credit All Inc Trust II 4.4 $7.6M 745k 10.15
Utilities SPDR (XLU) 4.3 $7.5M 224k 33.48
SunAmerica Focused Alpha Large Cap Fund 4.0 $7.0M 367k 19.10
Technology SPDR (XLK) 3.6 $6.3M 245k 25.70
Market Vectors Gold Miners ETF 3.6 $6.3M 115k 54.59
Ellsworth Fund (ECF) 3.5 $6.1M 806k 7.54
Nuveen Equity Premium Opportunity Fund 2.8 $4.9M 395k 12.42
Putnam Municipal Opportunities Trust (PMO) 2.8 $4.9M 433k 11.20
Agic Equity & Conv Income 2.2 $3.9M 209k 18.43
ProShares UltraShort S&P500 2.0 $3.5M 170k 20.64
Eaton Vance Short Duration Diversified I (EVG) 1.6 $2.8M 159k 17.39
THE GDL FUND Closed-End fund (GDL) 1.6 $2.7M 204k 13.41
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 1.4 $2.4M 179k 13.45
MFS Government Markets Income Trust (MGF) 1.1 $1.9M 278k 6.80
MFS Charter Income Trust (MCR) 1.1 $1.8M 194k 9.36
SPDR Barclays Capital 1-3 Month T- 1.0 $1.7M 37k 45.86
Guggenheim Enhanced Equity Strategy 0.9 $1.5M 86k 17.30
Eaton Vance Limited Duration Income Fund (EVV) 0.8 $1.4M 82k 16.47
Loews Corporation (L) 0.5 $829k 20k 42.08
Chevron Corporation (CVX) 0.5 $830k 8.1k 102.89
OmniAmerican Ban 0.4 $755k 50k 14.98
Morgan Stanley Asia Pacific Fund 0.4 $743k 44k 17.03
Berkshire Hathaway (BRK.B) 0.4 $681k 8.8k 77.39
iShares Lehman Aggregate Bond (AGG) 0.4 $655k 6.1k 106.59
Eaton Vance Tax-Managed Global Buy-Write (ETW) 0.3 $502k 41k 12.13
Cohen & Steers infrastucture Fund (UTF) 0.3 $468k 26k 17.80
NFJ Dividend Interest & Premium Strategy 0.3 $452k 24k 18.90
Bucyrus International 0.2 $409k 4.5k 91.60
Macquarie Global Infr Total Rtrn Fnd 0.2 $363k 20k 18.56
Microsoft Corporation (MSFT) 0.2 $351k 14k 26.00
Shelton Greater China Fund 0.2 $344k 45k 7.59
New Germany Fund (GF) 0.2 $328k 18k 18.06
Vanguard Energy ETF (VDE) 0.2 $326k 3.0k 110.51
Nuveen Mortgage opportunity trm fd2 0.2 $321k 13k 24.10
Johnson & Johnson (JNJ) 0.2 $307k 4.6k 66.45
Bank of America Corporation (BAC) 0.2 $302k 28k 10.97
Intel Corporation (INTC) 0.2 $270k 12k 22.15
iShares MSCI EAFE Index Fund (EFA) 0.2 $282k 4.7k 60.08
Verizon Communications (VZ) 0.1 $246k 6.6k 37.27
iShares MSCI Japan Index 0.1 $218k 21k 10.43
Citigroup (C) 0.1 $230k 5.5k 41.64
JPMorgan Chase & Co. (JPM) 0.1 $205k 5.0k 41.00
ConocoPhillips (COP) 0.1 $211k 2.8k 75.36
Merck & Co (MRK) 0.1 $210k 6.0k 35.23
Redwood Trust (RWT) 0.1 $168k 11k 15.09
Nuveen Mult Curr St Gv Incm 0.1 $173k 12k 14.90
Cisco Systems (CSCO) 0.1 $156k 10k 15.60
Adams Express Company (ADX) 0.1 $152k 14k 11.15
MFA Mortgage Investments 0.1 $129k 16k 8.06
MFS Intermediate Income Trust (MIN) 0.1 $90k 14k 6.34
Provident Energy 0.1 $94k 11k 8.95
CFS Ban 0.0 $62k 12k 5.39
American International (AIG-A) 0.0 $69k 40k 1.73
Gulf Resources 0.0 $52k 17k 3.08
Phoenix Companies 0.0 $33k 13k 2.47
Intervest Bancshares 0.0 $43k 14k 3.09
Pfizer (PFE) 0.0 $26k 13k 2.05