Relative Value Partners

Relative Value Partners as of March 31, 2013

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 70 positions in its portfolio as reported in the March 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 21.6 $50M 714k 70.43
Vanguard Total Bond Market ETF (BND) 11.2 $26M 311k 83.64
Vanguard Total Stock Market ETF (VTI) 6.2 $15M 180k 80.96
iShares Lehman 7-10 Yr Treas. Bond (IEF) 5.7 $13M 124k 107.34
BlackRock Global Opportunities Equity Tr (BOE) 5.0 $12M 848k 13.88
Zweig Fund 4.9 $11M 873k 13.00
Western Asset Inflation Mgnt Fnd (IMF) 4.2 $9.7M 528k 18.46
Alerian Mlp Etf 4.0 $9.4M 530k 17.72
Vanguard Information Technology ETF (VGT) 3.3 $7.6M 104k 72.90
Pimco Total Return Etf totl (BOND) 3.1 $7.2M 66k 109.79
Nuveen Equity Premium Opportunity Fund 2.7 $6.4M 505k 12.60
Ishares Inc msci glb gold 2.5 $5.9M 368k 16.04
Nuveen Equity Premium Income Fund (BXMX) 2.4 $5.7M 443k 12.80
Proshs Ultrashrt S&p500 Prosha etf 2.1 $4.8M 110k 43.94
Allianzgi Equity & Conv In 2.0 $4.7M 263k 18.01
iShares Lehman Short Treasury Bond (SHV) 1.6 $3.8M 35k 110.23
Nuveen Equity Premium Advantage Fund 1.5 $3.6M 287k 12.43
BlackRock Enhanced Capital and Income (CII) 1.5 $3.4M 263k 13.01
Nuveen Equity Premium and Growth Fund (SPXX) 1.5 $3.4M 250k 13.64
Guggenheim Enhanced Equity Strategy 1.5 $3.4M 181k 18.81
Nexpoint Credit Strategies 1.2 $2.9M 373k 7.68
Allianzgi Nfj Divid Int Prem S cefs 1.1 $2.5M 149k 16.82
Macquarie Global Infr Total Rtrn Fnd 1.1 $2.4M 116k 21.17
Ellsworth Fund (ECF) 1.0 $2.3M 304k 7.64
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.8 $1.8M 140k 12.87
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.4 $996k 11k 87.37
Eaton Vance Enhanced Equity Income Fund (EOI) 0.3 $820k 70k 11.68
Loews Corporation (L) 0.3 $758k 17k 44.07
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.3 $717k 94k 7.63
Eaton Vance Tax-Managed Global Buy-Write (ETW) 0.3 $606k 54k 11.21
OmniAmerican Ban 0.2 $550k 22k 25.29
Intel Corporation (INTC) 0.2 $526k 24k 21.85
Putnam Municipal Opportunities Trust (PMO) 0.2 $516k 41k 12.59
Polonia Bancorp Inc Md 0.2 $522k 58k 8.94
Microsoft Corporation (MSFT) 0.2 $459k 16k 28.62
Virtus Total Return Fund Cef 0.2 $439k 107k 4.11
Johnson & Johnson (JNJ) 0.2 $417k 5.1k 81.45
Morgan Stanley Asia Pacific Fund 0.2 $418k 26k 16.15
SPDR Gold Trust (GLD) 0.2 $386k 2.5k 154.40
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.2 $402k 3.4k 119.79
Nuveen Mult Curr St Gv Incm 0.2 $392k 30k 12.97
Pfizer (PFE) 0.2 $371k 13k 28.87
Utilities SPDR (XLU) 0.2 $379k 9.7k 39.07
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.1 $358k 34k 10.45
Citigroup (C) 0.1 $355k 8.0k 44.24
THE GDL FUND Closed-End fund (GDL) 0.1 $324k 28k 11.79
New Germany Fund (GF) 0.1 $294k 17k 16.85
Merck & Co (MRK) 0.1 $287k 6.5k 44.15
Market Vectors Gold Miners ETF 0.1 $273k 7.2k 37.92
Spdr Euro Stoxx 50 Etf (FEZ) 0.1 $272k 8.2k 32.99
JPMorgan Chase & Co. (JPM) 0.1 $261k 5.5k 47.45
Technology SPDR (XLK) 0.1 $264k 8.7k 30.30
Vanguard Emerging Markets ETF (VWO) 0.1 $253k 5.9k 42.87
Bank of America Corporation (BAC) 0.1 $222k 18k 12.18
General Electric Company 0.1 $233k 10k 23.16
iShares MSCI Japan Index 0.1 $230k 21k 10.80
Vanguard Energy ETF (VDE) 0.1 $234k 2.1k 113.37
Procter & Gamble Company (PG) 0.1 $208k 2.7k 77.04
Cohen & Steers infrastucture Fund (UTF) 0.1 $217k 11k 20.65
CFS Ban 0.1 $156k 20k 8.00
Intervest Bancshares 0.1 $129k 22k 5.86
Calamos Convertible & Hi Income Fund (CHY) 0.1 $131k 10k 12.83
Philip Morris International (PM) 0.1 $127k 1.4k 92.70
Hartford Financial Services (HIG) 0.0 $101k 3.9k 25.90
Visteon Corporation (VC) 0.0 $69k 1.2k 57.50
Alexco Resource Corp 0.0 $51k 16k 3.29
Gulf Resources 0.0 $16k 14k 1.11
Sonde Resources 0.0 $24k 18k 1.33
Mondelez Int (MDLZ) 0.0 $28k 928.00 30.17
Kraft Foods 0.0 $16k 308.00 51.95