Research Affiliates

Research Affiliates as of June 30, 2011

Portfolio Holdings for Research Affiliates

Research Affiliates holds 21 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 IBoxx $ Invest Grade Corp Bd (LQD) 20.8 $31M 283k 110.13
PowerShares DB Com Indx Trckng Fund 14.0 $21M 726k 28.96
SPDR DJ Wilshire REIT (RWR) 8.3 $12M 187k 66.60
Templeton Emerging Markets Income Fund (TEI) 7.1 $11M 623k 17.10
SPDR DJ International Real Estate ETF (RWX) 5.8 $8.7M 216k 40.38
PowerShares Emerging Markets Sovere 5.1 $7.6M 280k 27.09
ProShares Short 20+ Year Treasury ETF (TBF) 4.6 $7.0M 163k 42.55
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 4.5 $6.8M 67k 101.08
Vanguard Emerging Markets ETF (VWO) 4.2 $6.3M 131k 48.62
Powershares DB G10 Currency Harvest Fund 4.2 $6.2M 251k 24.78
iShares Russell 2000 Value Index (IWN) 4.0 $5.9M 81k 73.41
iShares Barclays TIPS Bond Fund (TIP) 3.7 $5.6M 51k 110.64
ProShares Short QQQ 2.5 $3.7M 113k 32.40
Morgan Stanley Emerging Markets Debt (MSD) 2.4 $3.6M 341k 10.62
Proshares Tr pshs sh msci emr (EUM) 2.3 $3.5M 117k 29.60
ProShares Short MSCI EAFE (EFZ) 1.8 $2.6M 57k 46.40
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.5 $2.3M 27k 84.31
ProShares Short S&P500 1.1 $1.7M 42k 40.91
iShares Lehman Aggregate Bond (AGG) 1.1 $1.6M 15k 106.65
PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ) 0.8 $1.2M 21k 56.06
ProShares Short Russell2000 0.3 $410k 14k 29.55