Efficient Market Advisors

Efficient Market Advisors as of June 30, 2012

Portfolio Holdings for Efficient Market Advisors

Efficient Market Advisors holds 124 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 14.9 $29M 216k 136.11
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 13.5 $27M 255k 104.71
Ishares Tr fltg rate nt (FLOT) 10.7 $21M 423k 49.98
iShares S&P MidCap 400 Index (IJH) 9.8 $19M 205k 94.17
iShares Russell 2000 Index (IWM) 6.5 $13M 162k 79.56
iShares iBoxx $ High Yid Corp Bond (HYG) 6.5 $13M 141k 91.29
iShares S&P US Pref Stock Idx Fnd (PFF) 4.8 $9.4M 241k 39.03
SPDR Barclays Capital Convertible SecETF (CWB) 3.9 $7.6M 203k 37.56
SPDR S&P Homebuilders (XHB) 3.8 $7.5M 353k 21.35
iShares MSCI EAFE Index Fund (EFA) 2.7 $5.3M 106k 49.96
Wisdomtree Trust futre strat (WTMF) 2.5 $5.0M 125k 39.75
Vanguard Large-Cap ETF (VV) 2.5 $4.9M 79k 62.10
Tearlab Corp 2.5 $4.9M 1.5M 3.21
Vanguard S&p 500 2.1 $4.2M 68k 62.28
Vanguard Mid-Cap ETF (VO) 1.9 $3.8M 49k 77.19
Vanguard Europe Pacific ETF (VEA) 1.3 $2.6M 81k 31.56
iShares S&P SmallCap 600 Index (IJR) 1.0 $1.9M 26k 73.28
Vanguard Emerging Markets ETF (VWO) 0.9 $1.9M 47k 39.93
Vanguard Dividend Appreciation ETF (VIG) 0.9 $1.9M 33k 56.69
SPDR Barclays Capital High Yield B 0.7 $1.4M 35k 39.46
Vanguard FTSE All-World ex-US ETF (VEU) 0.6 $1.3M 31k 40.99
Vanguard Small-Cap ETF (VB) 0.6 $1.2M 16k 76.07
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.5 $997k 12k 84.37
McDonald's Corporation (MCD) 0.5 $965k 11k 88.51
iShares Dow Jones US Home Const. (ITB) 0.5 $944k 56k 16.80
SPDR Wells Fargo Prfd Stk ETF (PSK) 0.4 $815k 18k 45.23
NetApp (NTAP) 0.4 $780k 25k 31.84
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.2 $480k 4.2k 114.75
Schwab Emerging Markets Equity ETF (SCHE) 0.2 $426k 18k 23.43
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 0.2 $404k 7.6k 53.31
Vanguard Total Stock Market ETF (VTI) 0.2 $320k 4.6k 69.55
IndexIQ IQ ARB Merger Arbitrage ETF (MNA) 0.1 $299k 12k 24.98
Home Depot (HD) 0.1 $276k 5.2k 52.94
Vanguard Total Bond Market ETF (BND) 0.1 $272k 3.2k 84.47
iShares S&P 500 Index (IVV) 0.1 $258k 1.9k 136.65
United Sts Commodity Index F (USCI) 0.1 $205k 3.6k 57.58
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.1 $202k 2.0k 101.00
Cutwater Select Income 0.1 $192k 9.9k 19.31
Costco Wholesale Corporation (COST) 0.1 $172k 1.8k 95.03
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.1 $152k 4.2k 36.06
iShares MSCI Emerging Markets Indx (EEM) 0.1 $131k 3.3k 39.21
At&t (T) 0.1 $137k 3.9k 35.55
Exxon Mobil Corporation (XOM) 0.1 $109k 1.3k 85.42
iShares Cohen & Steers Realty Maj. (ICF) 0.1 $118k 1.5k 78.72
Chevron Corporation (CVX) 0.1 $106k 1.0k 106.00
iShares FTSE EPRA/NAREIT Dev Gl Real ETF (IFGL) 0.1 $90k 3.2k 28.55
iShares Diversified Alternatives Trust 0.1 $97k 2.0k 48.38
General Electric Company 0.0 $79k 3.8k 20.87
Apple (AAPL) 0.0 $73k 125.00 584.00
Procter & Gamble Company (PG) 0.0 $74k 1.2k 61.67
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $72k 610.00 118.03
Microsoft Corporation (MSFT) 0.0 $61k 2.0k 30.50
Verizon Communications (VZ) 0.0 $53k 1.2k 44.17
Ford Motor Company (F) 0.0 $58k 6.0k 9.67
iShares MSCI Japan Index 0.0 $52k 5.5k 9.45
Zix Corporation 0.0 $68k 26k 2.62
iShares Lehman Aggregate Bond (AGG) 0.0 $65k 587.00 110.73
Goldman Sachs (GS) 0.0 $38k 400.00 95.00
Johnson & Johnson (JNJ) 0.0 $39k 579.00 67.36
Pfizer (PFE) 0.0 $49k 2.2k 22.79
Qualcomm (QCOM) 0.0 $41k 730.00 56.16
PowerShares DB Com Indx Trckng Fund 0.0 $39k 1.5k 25.83
Humana (HUM) 0.0 $31k 400.00 77.50
iShares Russell Midcap Index Fund (IWR) 0.0 $43k 407.00 105.65
iShares Dow Jones Select Dividend (DVY) 0.0 $48k 850.00 56.47
iShares MSCI United Kingdom Index 0.0 $46k 2.9k 16.12
iShares MSCI Australia Index Fund (EWA) 0.0 $33k 1.5k 21.57
SPDR Barclays Capital 1-3 Month T- 0.0 $35k 763.00 45.87
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.0 $30k 2.0k 14.83
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.0 $48k 3.0k 16.00
Facebook Inc cl a (META) 0.0 $38k 1.2k 31.02
iShares FTSE/Xinhua China 25 Index (FXI) 0.0 $22k 665.00 33.08
JPMorgan Chase & Co. (JPM) 0.0 $11k 300.00 36.67
3M Company (MMM) 0.0 $27k 303.00 89.11
Paychex (PAYX) 0.0 $13k 400.00 32.50
Deere & Company (DE) 0.0 $16k 200.00 80.00
Merck & Co (MRK) 0.0 $12k 285.00 42.11
Google 0.0 $23k 40.00 575.00
Linn Energy 0.0 $23k 600.00 38.33
Teradyne (TER) 0.0 $21k 1.5k 14.00
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $23k 1.4k 16.34
CBL & Associates Properties 0.0 $21k 1.1k 19.94
Financial Select Sector SPDR (XLF) 0.0 $16k 1.1k 14.55
iShares MSCI Singapore Index Fund 0.0 $24k 2.0k 12.08
iShares MSCI Germany Index Fund (EWG) 0.0 $17k 844.00 20.14
iShares MSCI Switzerland Index Fund (EWL) 0.0 $17k 756.00 22.49
iShares MSCI France Index (EWQ) 0.0 $17k 858.00 19.81
Eaton Vance Limited Duration Income Fund (EVV) 0.0 $11k 700.00 15.71
Nuveen California Municipal Value Fund (NCA) 0.0 $10k 1.0k 10.00
Vanguard Total World Stock Idx (VT) 0.0 $26k 579.00 44.91
Eaton Vance California Mun. Income Trust (CEV) 0.0 $15k 1.1k 13.55
Nuveen California Select Qlty Mun Inc Fu 0.0 $16k 1.0k 16.00
Eaton Vance Calif Mun Bd 0.0 $13k 1.0k 13.00
Morgan Stanley California Quality (IQC) 0.0 $15k 1.0k 15.00
Nuveen CA Dividend Advantage Muni. Fund (NAC) 0.0 $15k 1.0k 15.00
Nuveen CA Div Adv Muni Fd 3 Ben Int 0.0 $14k 1.0k 14.00
Market Vectors Inv Gr 0.0 $21k 900.00 23.33
Time Warner Cable 0.0 $999.960000 12.00 83.33
Bank of America Corporation (BAC) 0.0 $8.0k 1.0k 8.00
Walt Disney Company (DIS) 0.0 $4.0k 75.00 53.33
Intel Corporation (INTC) 0.0 $5.0k 200.00 25.00
Nokia Corporation (NOK) 0.0 $2.0k 1.0k 2.00
Aol 0.0 $0 4.00 0.00
International Business Machines (IBM) 0.0 $7.0k 35.00 200.00
Pepsi (PEP) 0.0 $4.0k 58.00 68.97
Starbucks Corporation (SBUX) 0.0 $1.0k 11.00 90.91
Abercrombie & Fitch (ANF) 0.0 $0 6.00 0.00
Frontier Communications 0.0 $999.360000 288.00 3.47
JDS Uniphase Corporation 0.0 $0 1.00 0.00
Senomyx 0.0 $7.0k 3.0k 2.33
AllianceBernstein Global Hgh Incm (AWF) 0.0 $3.0k 200.00 15.00
Blackrock Credit All Inc Trust III 0.0 $2.0k 210.00 9.52
iShares Dow Jones U.S. Index Fund (IYY) 0.0 $999.900000 22.00 45.45
iShares Russell 3000 Value Index (IUSV) 0.0 $4.0k 50.00 80.00
General Motors Company (GM) 0.0 $6.0k 283.00 21.20
LMP Capital and Income Fund (SCD) 0.0 $3.0k 200.00 15.00
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.0 $3.0k 125.00 24.00
ING Prime Rate Trust 0.0 $2.0k 300.00 6.67
Barclays Bk Plc ipth s^p vix 0.0 $0 9.00 0.00
BlackRock Ltd. Duration Income Trust (BLW) 0.0 $4.0k 250.00 16.00
MFS Intermediate High Income Fund (CIF) 0.0 $4.0k 1.4k 2.96
PIMCO Corporate Income Fund (PCN) 0.0 $3.0k 180.00 16.67
Schwab U S Broad Market ETF (SCHB) 0.0 $3.0k 82.00 36.59
BlackRock Muniyield Michigan Ins. Fnd II 0.0 $5.0k 360.00 13.89