Advanced Equities Asset Management

First Allied Asset Management as of Sept. 30, 2014

Portfolio Holdings for First Allied Asset Management

First Allied Asset Management holds 217 positions in its portfolio as reported in the September 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares IBoxx $ Invest Grade Corp Bd (LQD) 2.8 $21M 173k 118.29
iShares Lehman MBS Bond Fund (MBB) 2.4 $18M 163k 108.23
iShares S&P US Pref Stock Idx Fnd (PFF) 1.9 $14M 357k 39.43
Vanguard Europe Pacific ETF (VEA) 1.5 $12M 289k 39.78
Wisdomtree Tr em lcl debt (ELD) 1.5 $11M 253k 44.55
Tortoise Energy Infrastructure 1.5 $11M 231k 48.17
Vanguard Malvern Fds strm infproidx (VTIP) 1.5 $11M 226k 49.14
Apple (AAPL) 1.4 $10M 102k 101.46
Vanguard REIT ETF (VNQ) 1.4 $10M 143k 71.94
Cohen & Steers infrastucture Fund (UTF) 1.4 $10M 434k 23.24
Spdr Short-term High Yield mf (SJNK) 1.3 $9.5M 317k 29.90
Verizon Communications (VZ) 1.2 $9.3M 186k 49.79
Vanguard Emerging Markets ETF (VWO) 1.2 $9.1M 217k 41.76
Technology SPDR (XLK) 1.2 $9.0M 225k 39.92
Chevron Corporation (CVX) 1.2 $8.8M 74k 119.65
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 1.2 $8.7M 282k 30.76
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.1 $8.4M 77k 109.72
SPDR Gold Trust (GLD) 1.1 $8.4M 73k 115.53
Dr Pepper Snapple 1.1 $8.2M 127k 64.98
iShares MSCI Hong Kong Index Fund (EWH) 1.1 $8.1M 397k 20.47
Ultra Short Russell 2000 1.1 $8.0M 162k 49.40
Boeing Company (BA) 1.1 $8.0M 62k 129.23
Digital Realty Trust (DLR) 1.1 $7.9M 127k 62.29
Merck & Co (MRK) 1.1 $7.9M 132k 59.72
iShares MSCI Germany Index Fund (EWG) 1.1 $7.9M 286k 27.64
Symantec Corporation 1.1 $7.8M 328k 23.73
Target Corporation (TGT) 1.1 $7.8M 122k 63.67
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.0 $7.7M 91k 84.47
Realty Income (O) 1.0 $7.6M 184k 41.05
Altera Corporation 1.0 $7.4M 205k 36.16
At&t (T) 1.0 $7.4M 207k 35.59
SPDR Barclays Capital Convertible SecETF (CWB) 1.0 $7.3M 146k 49.69
Ishares Tr eafe min volat (EFAV) 1.0 $7.3M 115k 63.03
iShares S&P 100 Index (OEF) 1.0 $7.2M 82k 87.85
PowerShares Dynamic Media Portfol. 1.0 $7.2M 292k 24.78
Accenture (ACN) 1.0 $7.2M 88k 81.48
Powershares Etf Tr Ii s^p500 low vol 1.0 $7.2M 205k 35.05
General Mills (GIS) 0.9 $7.1M 138k 51.29
United Technologies Corporation 0.9 $7.1M 67k 106.67
HCP 0.9 $7.1M 176k 40.16
Bank Of Montreal Cadcom (BMO) 0.9 $7.1M 95k 74.77
Vanguard Short Term Corporate Bond ETF (VCSH) 0.9 $7.1M 88k 80.60
Pfizer (PFE) 0.9 $6.9M 228k 30.05
iShares S&P Global Telecommunicat. (IXP) 0.9 $6.9M 107k 64.38
Paychex (PAYX) 0.9 $6.8M 151k 44.76
Ca 0.9 $6.7M 236k 28.33
Staples 0.9 $6.7M 543k 12.27
Owens & Minor (OMI) 0.9 $6.7M 203k 33.08
Facebook Inc cl a (META) 0.9 $6.7M 85k 78.94
PowerShares Insured Nati Muni Bond 0.9 $6.6M 264k 25.08
International Business Machines (IBM) 0.9 $6.5M 34k 192.57
ConAgra Foods (CAG) 0.9 $6.5M 195k 33.49
Bk Nova Cad (BNS) 0.9 $6.6M 106k 62.28
Corrections Corporation of America 0.9 $6.5M 187k 34.79
Tor Dom Bk Cad (TD) 0.9 $6.5M 130k 49.63
BlackRock Global Energy & Resources Trus (BGR) 0.9 $6.5M 267k 24.34
C.H. Robinson Worldwide (CHRW) 0.8 $6.3M 93k 67.55
M.D.C. Holdings (MDC) 0.8 $6.3M 248k 25.54
Epr Properties (EPR) 0.8 $6.3M 123k 51.59
Rogers Communications -cl B (RCI) 0.8 $6.2M 166k 37.62
Ares Capital Corporation (ARCC) 0.8 $6.1M 373k 16.38
Hollyfrontier Corp 0.8 $6.0M 137k 43.79
Mattel (MAT) 0.8 $6.0M 194k 30.83
National Health Investors (NHI) 0.8 $5.8M 101k 57.72
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.7 $5.4M 52k 105.28
Proshares Tr rafi lg sht 0.7 $5.3M 126k 42.00
PowerShares DWA Devld Markt Tech 0.7 $5.3M 216k 24.47
Vanguard Pacific ETF (VPL) 0.7 $5.0M 84k 59.20
WisdomTree Emerging Markets Eq (DEM) 0.7 $4.9M 103k 47.84
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.7 $4.9M 47k 103.68
NetApp (NTAP) 0.6 $4.7M 109k 43.18
EMC Corporation 0.6 $4.5M 154k 29.38
Procter & Gamble Company (PG) 0.6 $4.2M 50k 84.70
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.5 $3.8M 70k 54.53
Exxon Mobil Corporation (XOM) 0.5 $3.8M 40k 94.06
Sanofi-Aventis SA (SNY) 0.5 $3.7M 65k 56.98
WisdomTree LargeCap Dividend Fund (DLN) 0.5 $3.7M 52k 71.05
ProShares Short 20+ Year Treasury ETF (TBF) 0.5 $3.5M 124k 27.83
Citigroup (C) 0.5 $3.5M 67k 51.40
Hartford Financial Services (HIG) 0.5 $3.4M 93k 36.84
SYSCO Corporation (SYY) 0.5 $3.4M 90k 38.35
PowerShares FTSE RAFI US 1000 0.5 $3.4M 39k 87.85
Vanguard Growth ETF (VUG) 0.5 $3.4M 34k 99.15
Powershares Senior Loan Portfo mf 0.5 $3.3M 137k 24.27
National-Oilwell Var 0.4 $3.2M 42k 77.97
Calamos Conv. Opptys. & Income Fund (CHI) 0.4 $3.3M 249k 13.27
iShares Russell Microcap Index (IWC) 0.4 $3.3M 47k 69.52
Bed Bath & Beyond 0.4 $3.2M 47k 67.54
PetSmart 0.4 $3.2M 46k 70.00
Aetna 0.4 $3.2M 40k 80.12
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.4 $3.2M 30k 108.12
Health Care REIT 0.4 $3.0M 49k 61.13
Fluor Corporation (FLR) 0.4 $3.1M 45k 67.89
Emerson Electric (EMR) 0.4 $3.0M 48k 62.14
Kohl's Corporation (KSS) 0.4 $2.9M 48k 60.32
iShares Gold Trust 0.4 $2.7M 226k 11.71
Analog Devices (ADI) 0.3 $2.5M 51k 49.93
SPDR S&P MidCap 400 ETF (MDY) 0.3 $2.5M 10k 249.30
PowerShares DWA Technical Ldrs Pf 0.3 $2.3M 58k 39.34
Spdr S&p 500 Etf (SPY) 0.3 $2.3M 12k 197.44
Microsoft Corporation (MSFT) 0.3 $2.2M 47k 46.35
Wisdomtree Tr................... wsdm emktbd (EMCB) 0.3 $2.0M 26k 76.29
iShares S&P MidCap 400 Index (IJH) 0.3 $2.0M 14k 136.75
JPMorgan Chase & Co. (JPM) 0.2 $1.9M 31k 60.24
Advisorshares Tr activ bear etf 0.2 $1.8M 155k 11.91
Intel Corporation (INTC) 0.2 $1.8M 52k 34.85
PowerShares FTSE RAFI Developed Markets 0.2 $1.8M 43k 41.92
IndexIQ IQ ARB Merger Arbitrage ETF (MNA) 0.2 $1.8M 66k 27.44
Proshares Tr cmn 0.2 $1.8M 102k 17.64
Cisco Systems (CSCO) 0.2 $1.7M 67k 25.17
Lockheed Martin Corporation (LMT) 0.2 $1.7M 9.5k 181.54
Johnson & Johnson (JNJ) 0.2 $1.6M 15k 106.93
MetLife (MET) 0.2 $1.5M 28k 53.81
Chubb Corporation 0.2 $1.5M 17k 90.65
iShares Dow Jones US Real Estate (IYR) 0.2 $1.5M 22k 69.16
Eli Lilly & Co. (LLY) 0.2 $1.4M 22k 64.92
Medtronic 0.2 $1.4M 23k 61.71
Valero Energy Corporation (VLO) 0.2 $1.4M 30k 46.14
Wisdomtree Trust futre strat (WTMF) 0.2 $1.4M 32k 43.85
Hewlett-Packard Company 0.2 $1.3M 37k 35.24
General Dynamics Corporation (GD) 0.2 $1.3M 10k 126.63
Humana (HUM) 0.2 $1.4M 11k 130.17
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.2 $1.3M 23k 57.81
Wal-Mart Stores (WMT) 0.2 $1.3M 17k 77.20
3M Company (MMM) 0.2 $1.3M 9.0k 142.43
Pepsi (PEP) 0.2 $1.2M 13k 92.67
Oracle Corporation (ORCL) 0.2 $1.2M 32k 38.15
Abbvie (ABBV) 0.2 $1.3M 22k 57.86
Energizer Holdings 0.2 $1.2M 10k 122.29
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $1.2M 10k 116.45
Vanguard European ETF (VGK) 0.2 $1.2M 21k 55.04
Qualcomm (QCOM) 0.1 $1.1M 15k 75.04
Rock-Tenn Company 0.1 $1.1M 23k 47.50
iShares Dow Jones US Basic Mater. (IYM) 0.1 $1.1M 13k 86.00
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $1.1M 12k 91.70
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.1 $1.1M 11k 106.11
SPDR Barclays Capital High Yield B 0.1 $1.1M 28k 40.11
Indexiq Etf Tr hdg mactrk etf 0.1 $1.1M 42k 25.88
Expedia (EXPE) 0.1 $1.1M 12k 88.31
CF Industries Holdings (CF) 0.1 $1.1M 3.8k 279.61
F5 Networks (FFIV) 0.1 $1.1M 8.9k 118.78
Abbott Laboratories (ABT) 0.1 $996k 24k 41.19
iShares S&P 500 Index (IVV) 0.1 $980k 4.9k 198.58
Entergy Corporation (ETR) 0.1 $959k 12k 77.33
iShares S&P 500 Value Index (IVE) 0.1 $1.0M 11k 89.97
PowerShares Preferred Portfolio 0.1 $996k 69k 14.49
First Republic Bank/san F (FRCB) 0.1 $970k 20k 49.40
Market Vectors High Yield Muni. Ind 0.1 $998k 32k 30.78
State Street Corporation (STT) 0.1 $915k 12k 74.43
Laboratory Corp. of America Holdings (LH) 0.1 $896k 8.7k 102.53
Macy's (M) 0.1 $868k 15k 59.19
Murphy Oil Corporation (MUR) 0.1 $889k 16k 56.49
PPL Corporation (PPL) 0.1 $871k 27k 32.77
Omni (OMC) 0.1 $789k 11k 69.50
iShares Russell 2000 Index (IWM) 0.1 $820k 7.5k 109.45
iShares S&P 500 Growth Index (IVW) 0.1 $823k 7.7k 107.05
Vanguard Value ETF (VTV) 0.1 $853k 11k 81.17
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.1 $806k 7.9k 101.68
Key (KEY) 0.1 $724k 54k 13.50
PowerShares QQQ Trust, Series 1 0.1 $716k 7.2k 98.96
iShares S&P MidCap 400 Value Index (IJJ) 0.1 $746k 6.2k 120.26
iShares MSCI Emerging Markets Indx (EEM) 0.1 $700k 17k 41.54
iShares Russell 1000 Growth Index (IWF) 0.1 $609k 6.6k 91.84
Vanguard Total Bond Market ETF (BND) 0.1 $564k 6.9k 81.47
iShares Barclays Agency Bond Fund (AGZ) 0.1 $608k 5.4k 112.28
ProShares Ultra MidCap400 (MVV) 0.1 $568k 8.6k 66.13
Ishares Inc em mkt min vol (EEMV) 0.1 $617k 10k 59.77
Quest Diagnostics Incorporated (DGX) 0.1 $511k 8.4k 60.71
iShares Russell Midcap Index Fund (IWR) 0.1 $487k 3.1k 158.43
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.1 $488k 10k 48.93
Ishares Tr fltg rate nt (FLOT) 0.1 $418k 8.3k 50.53
Health Care SPDR (XLV) 0.1 $361k 5.7k 63.77
Industrial SPDR (XLI) 0.1 $395k 7.4k 53.43
Consumer Staples Select Sect. SPDR (XLP) 0.1 $372k 8.2k 45.19
Financial Select Sector SPDR (XLF) 0.1 $367k 16k 23.02
Consumer Discretionary SPDR (XLY) 0.1 $391k 5.9k 66.61
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.1 $336k 9.3k 36.00
iShares Dow Jones US Technology (IYW) 0.1 $381k 3.8k 99.97
SPDR S&P International Dividend (DWX) 0.1 $370k 8.0k 46.25
General Electric Company 0.0 $282k 11k 25.60
Raytheon Company 0.0 $306k 3.0k 102.48
Novartis (NVS) 0.0 $309k 3.3k 93.78
ConocoPhillips (COP) 0.0 $270k 3.6k 75.25
Royal Dutch Shell 0.0 $307k 3.9k 79.70
iShares MSCI EAFE Index Fund (EFA) 0.0 $308k 4.9k 63.49
Google 0.0 $293k 463.00 632.83
iShares Russell 1000 Index (IWB) 0.0 $326k 3.0k 109.76
Nippon Telegraph & Telephone (NTTYY) 0.0 $273k 8.9k 30.77
Kinder Morgan Energy Partners 0.0 $266k 2.9k 93.10
ProShares Ultra Russell2000 (UWM) 0.0 $306k 4.1k 75.28
New York Reit 0.0 $261k 25k 10.30
Berkshire Hathaway (BRK.B) 0.0 $203k 1.5k 139.52
E.I. du Pont de Nemours & Company 0.0 $224k 3.1k 72.26
Altria (MO) 0.0 $248k 5.4k 45.71
Walgreen Company 0.0 $206k 3.5k 58.61
Shire 0.0 $242k 908.00 266.52
Vanguard Intermediate-Term Bond ETF (BIV) 0.0 $243k 2.9k 84.26
ING Groep (ING) 0.0 $190k 14k 13.97
ProShares Ultra S&P500 (SSO) 0.0 $230k 2.0k 117.23
iShares Dow Jones Select Dividend (DVY) 0.0 $221k 3.0k 73.25
Vanguard Dividend Appreciation ETF (VIG) 0.0 $209k 2.7k 77.18
SPDR Nuveen Barclays Capital Municpl Bnd 0.0 $207k 8.7k 23.93
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.0 $210k 2.5k 85.37
Ishares High Dividend Equity F (HDV) 0.0 $258k 3.4k 75.88
Ishares Inc core msci emkt (IEMG) 0.0 $213k 4.1k 51.52
Vodafone Group New Adr F (VOD) 0.0 $216k 6.5k 32.99
Dws Municipal Income Trust 0.0 $238k 18k 13.19
Banco Bilbao Vizcaya Argentaria SA (BBVA) 0.0 $131k 11k 11.84
Nidec Corporation (NJDCY) 0.0 $176k 10k 16.97
Kemet Corporation Cmn 0.0 $176k 43k 4.12
BlackRock Corporate High Yield Fund VI (HYT) 0.0 $120k 10k 11.84
Ares Capital Corp 5.125 2016 conv 0.0 $47k 46k 1.02
Psec Us conv 0.0 $46k 45k 1.02
Colony Finl Inc Sr Nt Conv 3.875% 01/15/21 B/e Dtd 01/28/14 0.0 $48k 48k 1.00
Pdl Biopharma Inc Sr Nt Conv 4.000% 02/01/18 B/e Dtd 02/12/14 0.0 $45k 46k 0.98
Vipshop Holdings Ltd - Ads bond 0.0 $18k 15k 1.20
Fluidigm Corporation convertible cor 0.0 $28k 32k 0.88