Advanced Equities Asset Management

First Allied Asset Management as of March 31, 2014

Portfolio Holdings for First Allied Asset Management

First Allied Asset Management holds 170 positions in its portfolio as reported in the March 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Lehman MBS Bond Fund (MBB) 3.5 $24M 227k 106.50
iShares IBoxx $ Invest Grade Corp Bd (LQD) 3.1 $21M 183k 117.18
Vanguard Europe Pacific ETF (VEA) 2.4 $16M 398k 41.24
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 2.3 $16M 150k 105.51
Technology SPDR (XLK) 2.0 $14M 371k 36.36
Vanguard Short-Term Bond ETF (BSV) 1.9 $13M 162k 79.92
Vanguard Intermediate-Term Bond ETF (BIV) 1.9 $13M 155k 82.74
iShares S&P US Pref Stock Idx Fnd (PFF) 1.8 $13M 325k 38.91
Proshs Ultrashrt S&p500 Prosha etf 1.8 $12M 440k 28.23
Powershares Etf Tr Ii s^p500 low vol 1.8 $12M 359k 34.02
Vanguard Malvern Fds strm infproidx (VTIP) 1.6 $11M 231k 49.11
Spdr Short-term High Yield mf (SJNK) 1.6 $11M 365k 30.96
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.5 $11M 126k 84.43
Vanguard Emerging Markets ETF (VWO) 1.5 $10M 253k 40.59
Chevron Corporation (CVX) 1.5 $10M 84k 118.98
Cohen & Steers infrastucture Fund (UTF) 1.4 $9.9M 447k 22.14
Tortoise Energy Infrastructure 1.4 $9.9M 215k 45.92
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.4 $9.3M 87k 106.95
SPDR S&P MidCap 400 ETF (MDY) 1.3 $9.2M 37k 252.58
BlackRock Global Energy & Resources Trus (BGR) 1.3 $8.7M 360k 24.26
Industrial SPDR (XLI) 1.2 $8.5M 162k 52.30
SPDR Gold Trust (GLD) 1.2 $8.1M 66k 121.69
Apple (AAPL) 1.2 $8.0M 14k 557.47
Realty Income (O) 1.1 $7.6M 184k 41.15
Merck & Co (MRK) 1.1 $7.3M 127k 57.27
Dow Chemical Company 1.0 $7.1M 145k 48.79
iShares MSCI ACWI Index Fund (ACWI) 1.0 $7.1M 122k 58.16
Wells Fargo & Company (WFC) 1.0 $7.0M 141k 49.81
General Mills (GIS) 1.0 $7.0M 132k 52.55
Dr Pepper Snapple 1.0 $6.8M 124k 54.85
Digital Realty Trust (DLR) 1.0 $6.8M 127k 53.34
Ishares Tr eafe min volat (EFAV) 1.0 $6.8M 107k 63.17
Unilever (UL) 1.0 $6.6M 155k 42.99
HCP 1.0 $6.6M 168k 39.25
Senior Housing Properties Trust 1.0 $6.6M 291k 22.64
iShares S&P Global Telecommunicat. (IXP) 1.0 $6.6M 99k 67.23
Vanguard Short Term Corporate Bond ETF (VCSH) 1.0 $6.6M 82k 80.50
PowerShares DWA Devld Markt Tech 1.0 $6.6M 246k 27.02
Pfizer (PFE) 0.9 $6.5M 202k 32.46
General Electric Company 0.9 $6.5M 248k 26.22
BP (BP) 0.9 $6.4M 132k 48.47
iShares iBoxx $ High Yid Corp Bond (HYG) 0.9 $6.4M 69k 93.01
Transcanada Corp 0.9 $6.3M 137k 46.28
Marathon Petroleum Corp (MPC) 0.9 $6.3M 72k 88.03
Ares Capital Corporation (ARCC) 0.9 $6.3M 353k 17.79
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.9 $6.3M 202k 31.04
Ventas (VTR) 0.9 $6.2M 101k 61.14
Powershares Senior Loan Portfo mf 0.9 $6.2M 246k 25.13
Epr Properties (EPR) 0.9 $6.2M 115k 53.95
At&t (T) 0.9 $6.1M 172k 35.49
Bank Of Montreal Cadcom (BMO) 0.9 $6.1M 90k 67.83
Vanguard Pacific ETF (VPL) 0.9 $6.1M 103k 59.00
Deere & Company (DE) 0.9 $6.0M 66k 91.70
International Business Machines (IBM) 0.9 $6.0M 31k 196.04
Public Service Enterprise (PEG) 0.9 $6.0M 156k 38.44
PowerShares Insured Nati Muni Bond 0.9 $6.0M 249k 24.08
Bk Nova Cad (BNS) 0.8 $5.9M 100k 59.02
Tor Dom Bk Cad (TD) 0.8 $5.8M 121k 47.87
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.8 $5.4M 53k 101.78
Facebook Inc cl a (META) 0.8 $5.2M 87k 60.25
Proshares Tr rafi lg sht 0.7 $5.0M 117k 42.87
WisdomTree LargeCap Dividend Fund (DLN) 0.7 $4.8M 72k 67.62
PowerShares FTSE RAFI US 1000 0.7 $4.6M 54k 84.64
Vanguard European ETF (VGK) 0.6 $4.4M 75k 58.75
Vanguard Growth ETF (VUG) 0.6 $4.1M 44k 93.64
Vanguard Small-Cap Growth ETF (VBK) 0.6 $3.9M 32k 123.22
Wisdomtree Tr em lcl debt (ELD) 0.6 $3.9M 86k 45.82
Procter & Gamble Company (PG) 0.5 $3.7M 47k 78.40
WisdomTree Japan Total Dividend (DXJ) 0.5 $3.4M 72k 47.27
Vanguard REIT ETF (VNQ) 0.5 $3.4M 48k 70.60
Molson Coors Brewing Company (TAP) 0.5 $3.3M 56k 59.60
Cibc Cad (CM) 0.5 $3.2M 37k 88.23
Potash Corp. Of Saskatchewan I 0.5 $3.2M 89k 35.92
Calamos Conv. Opptys. & Income Fund (CHI) 0.5 $3.2M 233k 13.55
Exxon Mobil Corporation (XOM) 0.5 $3.1M 32k 97.49
Consolidated Edison (ED) 0.5 $3.1M 58k 52.96
Campbell Soup Company (CPB) 0.5 $3.1M 70k 44.04
Accenture (ACN) 0.5 $3.1M 39k 80.04
iShares S&P 100 Index (OEF) 0.5 $3.1M 38k 82.12
GlaxoSmithKline 0.4 $3.1M 58k 52.96
Sanofi-Aventis SA (SNY) 0.4 $3.0M 59k 51.40
Southern Company (SO) 0.4 $3.0M 69k 43.69
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.4 $3.0M 28k 108.04
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.4 $3.1M 30k 102.93
Verizon Communications (VZ) 0.4 $3.0M 61k 48.62
TECO Energy 0.4 $3.0M 174k 17.18
Kraft Foods 0.4 $3.0M 53k 57.02
M.D.C. Holdings (MDC) 0.4 $2.9M 103k 28.28
Kohl's Corporation (KSS) 0.4 $2.8M 49k 57.45
Hollyfrontier Corp 0.4 $2.8M 58k 48.62
Citigroup (C) 0.4 $2.8M 57k 48.62
iShares Gold Trust 0.4 $2.7M 218k 12.42
PowerShares DWA Technical Ldrs Pf 0.4 $2.6M 71k 37.17
PowerShares FTSE RAFI Developed Markets 0.4 $2.5M 57k 43.78
iShares MSCI EAFE Index Fund (EFA) 0.3 $2.3M 34k 67.18
PowerShares Emerging Markets Sovere 0.3 $2.0M 70k 27.93
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.3 $1.8M 31k 59.62
Microsoft Corporation (MSFT) 0.2 $1.5M 36k 40.94
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.2 $1.5M 15k 106.27
JPMorgan Chase & Co. (JPM) 0.2 $1.4M 23k 60.83
Chubb Corporation 0.2 $1.2M 13k 89.67
Eli Lilly & Co. (LLY) 0.2 $1.2M 21k 58.34
Cisco Systems (CSCO) 0.2 $1.3M 56k 22.56
Valero Energy Corporation (VLO) 0.2 $1.2M 23k 53.21
Lockheed Martin Corporation (LMT) 0.2 $1.2M 7.5k 162.51
EMC Corporation 0.2 $1.3M 46k 27.43
MetLife (MET) 0.2 $1.3M 24k 52.91
IndexIQ IQ ARB Merger Arbitrage ETF (MNA) 0.2 $1.2M 46k 27.26
Johnson & Johnson (JNJ) 0.2 $1.1M 12k 98.14
Intel Corporation (INTC) 0.2 $1.1M 42k 25.78
Medtronic 0.2 $1.1M 18k 61.65
Oracle Corporation (ORCL) 0.2 $1.1M 28k 40.77
3M Company (MMM) 0.1 $1.0M 7.4k 137.14
Hewlett-Packard Company 0.1 $1.0M 31k 32.36
Wisdomtree Trust futre strat (WTMF) 0.1 $1.0M 25k 41.12
Pepsi (PEP) 0.1 $965k 11k 85.25
General Dynamics Corporation (GD) 0.1 $959k 8.8k 108.90
Ensco Plc Shs Class A 0.1 $942k 18k 52.66
Abbvie (ABBV) 0.1 $948k 18k 51.49
Wal-Mart Stores (WMT) 0.1 $925k 12k 76.70
Humana (HUM) 0.1 $906k 8.1k 111.76
Vanguard Value ETF (VTV) 0.1 $885k 11k 77.90
Indexiq Etf Tr hdg mactrk etf 0.1 $868k 33k 26.39
Ishares Tr fltg rate nt (FLOT) 0.1 $928k 18k 50.65
Abbott Laboratories (ABT) 0.1 $831k 21k 38.80
Energizer Holdings 0.1 $794k 7.8k 102.27
AGCO Corporation (AGCO) 0.1 $793k 14k 55.01
Qualcomm (QCOM) 0.1 $787k 9.9k 79.62
CF Industries Holdings (CF) 0.1 $787k 3.0k 266.06
F5 Networks (FFIV) 0.1 $759k 7.1k 106.26
First Republic Bank/san F (FRCB) 0.1 $750k 14k 54.00
iShares Barclays Agency Bond Fund (AGZ) 0.1 $729k 6.5k 111.55
iShares Lehman Short Treasury Bond (SHV) 0.1 $754k 6.8k 110.43
Expedia (EXPE) 0.1 $789k 11k 72.93
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.1 $758k 15k 49.89
Laboratory Corp. of America Holdings (LH) 0.1 $695k 7.1k 98.14
Macy's (M) 0.1 $696k 12k 59.11
Gap (GPS) 0.1 $685k 17k 40.37
Murphy Oil Corporation (MUR) 0.1 $666k 11k 63.35
PPL Corporation (PPL) 0.1 $688k 21k 32.62
Entergy Corporation (ETR) 0.1 $679k 10k 66.65
WisdomTree Emerging Markets Eq (DEM) 0.1 $681k 14k 48.99
State Street Corporation (STT) 0.1 $647k 9.1k 70.76
Omni (OMC) 0.1 $649k 8.8k 73.45
Key (KEY) 0.1 $602k 42k 14.22
Quest Diagnostics Incorporated (DGX) 0.1 $523k 9.0k 58.00
Vanguard Mid-Cap ETF (VO) 0.1 $557k 4.9k 112.98
Ishares Inc em mkt min vol (EEMV) 0.1 $526k 9.2k 57.10
iShares Russell 2000 Index (IWM) 0.1 $455k 3.9k 116.76
WisdomTree MidCap Dividend Fund (DON) 0.1 $480k 6.2k 77.16
iShares S&P 500 Index (IVV) 0.1 $395k 2.1k 188.10
iShares Russell 1000 Growth Index (IWF) 0.1 $397k 4.6k 86.72
iShares Russell Midcap Index Fund (IWR) 0.1 $434k 2.8k 154.39
SPDR Barclays Capital High Yield B 0.1 $384k 9.3k 41.19
SPDR S&P International Dividend (DWX) 0.1 $389k 8.0k 48.62
Berkshire Hathaway (BRK.B) 0.1 $362k 2.9k 124.83
iShares Russell 1000 Index (IWB) 0.1 $322k 3.1k 104.68
Raytheon Company 0.0 $273k 2.8k 98.81
CVS Caremark Corporation (CVS) 0.0 $285k 3.7k 76.86
Financial Select Sector SPDR (XLF) 0.0 $253k 11k 22.29
Kemet Corporation Cmn 0.0 $248k 43k 5.81
iShares S&P 500 Value Index (IVE) 0.0 $200k 2.3k 87.45
iShares S&P MidCap 400 Index (IJH) 0.0 $241k 1.8k 137.24
ProShares Ultra S&P500 (SSO) 0.0 $226k 2.1k 105.26
ProShares Ultra Russell2000 (UWM) 0.0 $216k 2.5k 86.30
DWS Municipal Income Trust 0.0 $236k 18k 13.07
BlackRock Corporate High Yield Fund VI (HYT) 0.0 $124k 10k 12.23
Psec Us conv 0.0 $12k 12k 1.00
Colony Finl Inc Sr Nt Conv 3.875% 01/15/21 B/e Dtd 01/28/14 0.0 $12k 12k 1.00
Pdl Biopharma Inc Sr Nt Conv 4.000% 02/01/18 B/e Dtd 02/12/14 0.0 $19k 19k 1.00