Moderate Dividend Portfolio

This portfolio is as of Feb 15, 2013 and is subject to change. This is a moderate allocation portfolio which is currently 60% equity and 40% bonds. Stock exposure could range between 65%-50% equity based on the market conditions. The current portfolio yield is 3.71%, so a $1,000,000 portfolio would produce roughly $37,100 in annual income +/-. This portfolio has 5% cash allocation, we prefer to always have some cash accessible for market opportunities that might present themself. Exposure to various long term investment themes could be via mutual funds, ETF's or Individual Stocks or some combination.

Position	Category	Weight	Yield
Blackrock GNMA	Govt Bonds	5%	3.71%
Victory Fund	Short Govt	5%	4.87%
Pimco Investment Grade Bonds	Inter Term Bond	5%	4.64%
Doubeline Total Return	Inter Term Bond	8%	5.63%
TCW Emerging Markets Income	Emg Mkt Bonds	5%	5.08%
Tempeton Global Bond	Global Bonds	7%	5.90%
Fairholme	Large Value	5%	0%
Yacktman	Large Blend	6%	1.23%
MFS International Value	Foreign Large Value	6%	1.62%
Vanguard Emerging Mkts	Emg Mkts	4%	2.19%
Matthews Asia Dividend	Diversified Asia	5%	3.73%
Henderson Eurpean	Europe Stock	5%	1.76%
Hennesey Gas Utility	Utility/Energy	4%	2.57%
Annaly Capital	REIT	6%	13.52%
Hewlett Packard	Large Value Tech	4%	3.07%
Whole Foods	Large Growth Con Def	4%	0.70%
John Deere	Large Value Industrial	4%	2.05%
Phillip Morris	Large Intl Cons Def	4%	3.60%
Freeport McMoran	Large Value Materials	3%	3.57%
Cash	Cash	5%	0%
	Subtotal	100%	3.71% Yield
	Domestic Equity	30%
	International Equity	24%
	Domestic Fixed Income	23%
	International Fixed Income	12%
	REIT	6%
	Cash/Equivalents	5%
	Total	100%