Tactical Allocation Group

Tactical Allocation as of Sept. 30, 2011

Portfolio Holdings for Tactical Allocation

Tactical Allocation holds 17 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Russell 1000 Growth Index (IWF) 17.5 $50M 952k 52.58
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 15.8 $45M 428k 105.43
SPDR Gold Trust (GLD) 11.9 $34M 216k 158.06
iShares MSCI Emerging Markets Indx (EEM) 9.9 $28M 811k 35.09
iShares Barclays TIPS Bond Fund (TIP) 9.5 $27M 239k 114.30
Vanguard Short Term Corporate Bond ETF (VCSH) 5.8 $17M 213k 77.62
Market Vectors Emerging Mkts Local ETF 5.7 $16M 664k 24.59
Market Vectors Gold Miners ETF 5.5 $16M 287k 55.19
SPDR S&P Emerging Markets Small Cap (EWX) 5.3 $15M 392k 38.82
iShares S&P NA Nat. Re. Sc. Idx (IGE) 4.5 $13M 383k 33.46
iShares Russell 1000 Value Index (IWD) 3.7 $11M 187k 56.59
iShares iBoxx $ High Yid Corp Bond (HYG) 1.9 $5.4M 65k 82.84
Elements Rogers Intl Commodity Etn etf 1.9 $5.3M 660k 8.07
iShares Russell Midcap Growth Idx. (IWP) 0.4 $1.2M 25k 49.63
iShares S&P Moderate Allocation Fund ETF (AOM) 0.3 $892k 31k 28.92
SPDR S&P International Small Cap (GWX) 0.3 $815k 32k 25.13
iShares S&P Growth Allocation Fund (AOR) 0.1 $294k 10k 29.39