ValMark Advisers

Valmark Advisers as of Dec. 31, 2013

Portfolio Holdings for Valmark Advisers

Valmark Advisers holds 60 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard FTSE All-World ex-US ETF (VEU) 12.7 $463M 9.1M 50.73
iShares S&P 500 Growth Index (IVW) 10.7 $388M 3.9M 98.75
iShares S&P MidCap 400 Index (IJH) 9.9 $359M 2.7M 133.81
iShares S&P 500 Value Index (IVE) 9.6 $351M 4.1M 85.46
iShares S&P SmallCap 600 Index (IJR) 8.6 $312M 2.9M 109.13
Flexshares Tr iboxx 3r targt (TDTT) 7.8 $284M 11M 24.92
iShares IBoxx $ Invest Grade Corp Bd (LQD) 4.6 $169M 1.5M 114.19
iShares iBoxx $ High Yid Corp Bond (HYG) 4.3 $156M 1.7M 92.88
Vanguard Emerging Markets ETF (VWO) 3.5 $128M 3.1M 41.14
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 3.2 $116M 2.2M 52.90
SPDR DJ International Real Estate ETF (RWX) 2.9 $107M 2.6M 41.20
Flexshares Tr mornstar upstr (GUNR) 2.8 $102M 3.0M 34.31
Wisdomtree Tr em lcl debt (ELD) 2.6 $95M 2.1M 46.02
iShares Lehman 3-7 Yr Treasury Bond (IEI) 2.1 $78M 648k 120.03
Vanguard FTSE All Wld Ex USSml Cap (VSS) 2.0 $73M 705k 102.94
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 2.0 $72M 2.3M 30.69
Claymore Beacon Global Timber Index 1.9 $68M 2.6M 25.90
SPDR DJ Wilshire REIT (RWR) 1.8 $66M 926k 71.27
SPDR DB Int'l Govt Infl Pro Bond (WIP) 1.8 $64M 1.1M 58.45
Powershares Senior Loan Portfo mf 1.5 $53M 2.1M 24.88
Vanguard Materials ETF (VAW) 0.6 $23M 225k 103.25
Vanguard Energy ETF (VDE) 0.6 $23M 184k 126.43
iShares MSCI Brazil Index (EWZ) 0.5 $19M 421k 44.68
SPDR S&P China (GXC) 0.5 $19M 241k 77.93
Ishares Tr fltg rate nt (FLOT) 0.4 $16M 310k 50.72
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.2 $8.0M 95k 84.38
Spdr Index Shs Fds s^p global nat res (GNR) 0.1 $4.8M 95k 50.24
Sherwin-Williams Company (SHW) 0.1 $4.2M 23k 183.49
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.1 $4.4M 43k 101.32
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $4.2M 40k 106.36
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $1.9M 85k 22.55
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $1.6M 15k 103.74
Vanguard Europe Pacific ETF (VEA) 0.0 $987k 24k 41.69
iShares Lehman Short Treasury Bond (SHV) 0.0 $918k 8.3k 110.30
Clyme US Cptl Mkts Mco Trm Fxd Idx 0.0 $1.0M 20k 50.18
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.0 $1.1M 22k 50.00
iShares Dow Jones Select Dividend (DVY) 0.0 $749k 11k 71.37
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.0 $880k 36k 24.29
iShares MSCI Emerging Markets Indx (EEM) 0.0 $424k 10k 41.84
Exxon Mobil Corporation (XOM) 0.0 $404k 4.0k 101.10
Apple (AAPL) 0.0 $480k 855.00 561.40
International Business Machines (IBM) 0.0 $322k 1.7k 187.43
Procter & Gamble Company (PG) 0.0 $312k 3.8k 81.38
SPDR Gold Trust (GLD) 0.0 $220k 1.9k 115.97
Kinder Morgan Energy Partners 0.0 $240k 3.0k 80.78
Utilities SPDR (XLU) 0.0 $335k 8.8k 37.92
Vanguard Dividend Appreciation ETF (VIG) 0.0 $364k 4.8k 75.30
iShares Barclays TIPS Bond Fund (TIP) 0.0 $352k 3.2k 109.76
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.0 $381k 3.6k 106.25
Vanguard REIT ETF (VNQ) 0.0 $501k 7.8k 64.53
iShares S&P US Pref Stock Idx Fnd (PFF) 0.0 $390k 11k 36.83
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $238k 6.3k 37.98
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $235k 3.5k 66.42
First Trust BICK Index Fund ETF 0.0 $232k 9.4k 24.80
iShares 2015 S&P AMT-Free Mun Ser ETF 0.0 $352k 6.6k 53.22
iShares 2016 S&P AMT-Free Mun Ser ETF 0.0 $465k 8.7k 53.65
Ishares Tr 2017 s^p amtfr 0.0 $294k 5.4k 54.95
Liberator Medical Hld 0.0 $273k 66k 4.17
ThermoGenesis 0.0 $22k 22k 1.00
Pengrowth Energy Corp 0.0 $62k 10k 6.20