Tactical Allocation Group

Tactical Allocation as of Dec. 31, 2011

Portfolio Holdings for Tactical Allocation

Tactical Allocation holds 18 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 Russell 1000 Growth Index (IWF) 18.9 $56M 975k 57.79
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 16.4 $49M 444k 109.75
iShares Russell 1000 Value Index (IWD) 11.6 $35M 544k 63.48
SPDR Gold Trust (GLD) 10.8 $32M 213k 151.99
iShares MSCI Emerging Markets Indx (EEM) 10.2 $30M 797k 37.94
iShares Barclays TIPS Bond Fund (TIP) 9.5 $28M 242k 116.67
Vanguard Short Term Corporate Bond ETF (VCSH) 5.8 $17M 223k 77.86
Market Vectors Emerging Mkts Local ETF 5.8 $17M 701k 24.51
Market Vectors Gold Miners ETF 5.2 $15M 299k 51.43
Elements Rogers Intl Commodity Etn etf 2.0 $6.0M 706k 8.51
iShares iBoxx $ High Yid Corp Bond (HYG) 2.0 $5.9M 67k 89.43
iShares Russell Midcap Growth Idx. (IWP) 0.8 $2.3M 41k 55.06
iShares S&P NA Nat. Re. Sc. Idx (IGE) 0.4 $1.3M 34k 38.00
iShares S&P Moderate Allocation Fund ETF (AOM) 0.3 $945k 32k 29.89
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $286k 2.5k 113.67
iShares S&P Growth Allocation Fund (AOR) 0.1 $308k 9.9k 31.10
Alerian Mlp Etf 0.1 $234k 14k 16.60
iShares S&P US Pref Stock Idx Fnd (PFF) 0.1 $202k 5.7k 35.63