Quantitative Advantage

Quantitative Advantage as of Dec. 31, 2011

Portfolio Holdings for Quantitative Advantage

Quantitative Advantage holds 42 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Growth Index (IVW) 8.8 $37M 543k 67.43
iShares Lehman MBS Bond Fund (MBB) 7.2 $30M 275k 108.07
iShares Lehman Aggregate Bond (AGG) 7.1 $30M 269k 110.25
iShares IBoxx $ Invest Grade Corp Bd (LQD) 5.1 $21M 188k 113.76
Vanguard Total Bond Market ETF (BND) 4.2 $17M 209k 83.54
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 4.1 $17M 209k 82.37
iShares Barclays TIPS Bond Fund (TIP) 3.8 $16M 136k 116.69
Vanguard Growth ETF (VUG) 3.4 $14M 228k 61.76
iShares Barclays Agency Bond Fund (AGZ) 3.3 $14M 122k 112.95
Powershares Etf Tr Ii s^p500 low vol 2.6 $11M 410k 25.93
PowerShares DB Oil Fund 2.5 $10M 363k 28.57
CurrencyShares Australian Dollar Trust 2.5 $10M 101k 102.62
CurrencyShares Japanese Yen Trust 2.5 $10M 81k 127.93
ProShares Short MSCI EAFE (EFZ) 2.5 $10M 198k 51.50
iShares MSCI Japan Index 2.4 $10M 1.1M 9.11
WisdomTree Dreyfus Chinese Yuan 2.4 $10M 398k 25.19
ProShares Short Russell2000 2.4 $9.8M 329k 29.68
iShares MSCI Pacific ex-Japan Idx (EPP) 2.3 $9.4M 241k 38.93
iShares MSCI Emerging Markets Indx (EEM) 2.2 $9.4M 247k 37.94
PowerShares DB Precious Metals 2.1 $9.0M 166k 53.88
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 2.1 $8.7M 163k 53.36
Vanguard Intermediate-Term Bond ETF (BIV) 2.1 $8.7M 100k 86.97
Vanguard Short Term Corporate Bond ETF (VCSH) 2.1 $8.6M 111k 77.86
iShares Dow Jones US Utilities (IDU) 1.8 $7.5M 84k 88.33
iShares Dow Jones US Consumer Ser. (IYC) 1.8 $7.4M 104k 71.41
iShares Dow Jones US Healthcare (IYH) 1.8 $7.4M 103k 71.57
iShares Dow Jones US Consumer Goods (IYK) 1.8 $7.4M 108k 68.48
SPDR Dow Jones Industrial Average ETF (DIA) 1.7 $7.3M 60k 121.85
iShares Dow Jones US Technology (IYW) 1.6 $6.8M 107k 63.90
iShares Gold Trust 1.6 $6.7M 437k 15.23
Vanguard Emerging Markets ETF (VWO) 0.8 $3.3M 87k 38.20
Vanguard Pacific ETF (VPL) 0.8 $3.3M 70k 47.59
PowerShares FTSE RAFI Asia Pacific x-Jap 0.8 $3.3M 72k 46.52
Vanguard Large-Cap ETF (VV) 0.8 $3.3M 57k 57.30
Vanguard Mortgage Bkd Sects ETF (VMBS) 0.8 $3.2M 61k 51.88
Vanguard Utilities ETF (VPU) 0.7 $3.0M 40k 76.89
Vanguard Consumer Discretionary ETF (VCR) 0.7 $3.0M 48k 61.80
Vanguard Consumer Staples ETF (VDC) 0.7 $3.0M 37k 81.48
Vanguard Information Technology ETF (VGT) 0.7 $2.9M 48k 61.37
PowerShares DB Gold Fund 0.7 $2.8M 52k 54.46
Vanguard Health Care ETF (VHT) 0.7 $2.7M 44k 61.20
iShares S&P 500 Index (IVV) 0.1 $335k 2.7k 126.13