Smart Portfolios

Smart Portfolios as of Dec. 31, 2010

Portfolio Holdings for Smart Portfolios

Smart Portfolios holds 32 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
Materials SPDR (XLB) 6.9 $11M 275k 38.41
iShares Russell 2000 Value Index (IWN) 6.8 $11M 147k 71.09
Market Vector Russia ETF Trust 6.4 $9.7M 257k 37.91
iShares Russell Midcap Growth Idx. (IWP) 6.3 $9.6M 170k 56.61
iShares Silver Trust (SLV) 6.0 $9.2M 305k 30.18
iShares Dow Jones US Basic Mater. (IYM) 5.9 $9.1M 117k 77.46
Industrial SPDR (XLI) 5.7 $8.8M 252k 34.87
iShares Russell Midcap Value Index (IWS) 5.7 $8.7M 194k 45.01
iShares Russell 2000 Growth Index (IWO) 5.7 $8.7M 99k 87.42
Market Vectors-Coal ETF 5.3 $8.0M 170k 47.24
Energy Select Sector SPDR (XLE) 5.2 $7.9M 116k 68.25
PowerShares DB US Dollar Index Bullish 5.0 $7.6M 336k 22.71
United States Natural Gas Fund 4.9 $7.5M 1.2M 5.99
iShares MSCI Canada Index (EWC) 4.1 $6.3M 202k 31.00
Vanguard REIT ETF (VNQ) 4.0 $6.2M 111k 55.37
iShares Cohen & Steers Realty Maj. (ICF) 3.5 $5.3M 81k 65.72
SPDR S&P MidCap 400 ETF (MDY) 3.4 $5.2M 32k 164.67
iShares MSCI South Korea Index Fund (EWY) 3.1 $4.7M 77k 61.19
PowerShares DB Agriculture Fund 2.6 $4.0M 124k 32.35
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.2 $1.9M 23k 83.99
Claymore/SWM Canadian Energy Income ETF 0.3 $450k 22k 20.16
RevenueShares Large Cap Fund 0.2 $364k 15k 23.66
Ipath Dow Jones-aig Commodity (DJP) 0.2 $371k 7.6k 49.13
PowerShares DB Precious Metals 0.2 $370k 7.1k 51.82
Vanguard Dividend Appreciation ETF (VIG) 0.2 $359k 6.8k 52.61
PowerShares DB Energy Fund 0.2 $268k 10k 26.92
iShares Russell 2000 Index (IWM) 0.1 $222k 2.8k 78.39
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.1 $222k 3.6k 61.89
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $227k 3.2k 71.79
PowerShares QQQ Trust, Series 1 0.1 $217k 4.0k 54.52
ProShares UltraShort 20+ Year Trea 0.1 $214k 5.8k 37.08
PowerShares Preferred Portfolio 0.1 $203k 14k 14.15