Bailard

Companies in the Bailard portfolio as of March 2017 quarter

Company (Ticker) Portfolio Weight Share Count Change in Shares Price
SPDR S&P; 500 ETF (SPY) 5.51 281356 235.74
Vanguard Total Stock Market ETF (VTI) 4.81 477304 121.32
iShares MSCI Emerging Markets Indx (EEM) 4.76 1.45M 39.39
iShares Russell 2000 Value Index (IWN) 4.61 469623 118.16
iShares Barclays 20+ Yr Treas.Bond (TLT) 4.24 423376 120.71
iShares Lehman Aggregate Bond (AGG) 3.84 426461 108.49
Nuveen Barclays Shrt Term Muni bdfund 3.13 777229 48.44
Apple (AAPL) 2.10 176019 143.66
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni 2.08 521698 47.92
Microsoft Corporation (MSFT) 1.77 322855 65.86
iShares S&P; SmallCap 600 Value Idx (IJS) 1.57 136210 138.65
Facebook Inc cl a 1.21 102192 142.05
Vanguard Information Technology ETF (VGT) 1.20 106216 135.63
iShares S&P; Cal AMTFr Mncpl Bnd Fd (CMF) 1.14 118039 116.31
iShares S&P; Natl AMTFr Mncpl Bd Fd (MUB) 1.12 124117 108.95
Vanguard FTSE All-World ex-US ETF (VEU) 1.03 259080 47.83
Vaneck Vectors Amt-free Shrt M bdfund 0.99 681415 17.45
Johnson & Johnson (JNJ) 0.98 95048 124.55
iShares S&P; MidCap 400 Index (IJH) 0.97 68222 171.22
JPMorgan Chase & Co. (JPM) 0.92 126194 87.84
Alphabet Inc Class A cs 0.89 12679 847.78
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SCPB) 0.86 339387 30.61
iShares S&P; 500 Index (IVV) 0.85 43348 237.27
PowerShares QQQ Trust, Series 1 (QQQQ) 0.83 75539 132.38
iShares Russell Midcap Index Fund (IWR) 0.82 52993 187.18
Vanguard REIT ETF (VNQ) 0.77 111624 82.59
Vanguard Emerging Markets ETF (VWO) 0.75 227879 39.72
Home Depot (HD) 0.73 59672 146.84
Financial Select Sector SPDR (XLF) 0.73 370937 23.73
Accenture 0.68 68593 119.88
Cisco Systems (CSCO) 0.67 238244 33.80
Vanguard Health Care ETF (VHT) 0.67 58349 137.83
Vanguard Consumer Discretionary ETF (VCR) 0.66 57613 138.48
PNC Financial Services (PNC) 0.65 64960 120.24
Vanguard Consumer Staples ETF (VDC) 0.65 55801 140.64
Vanguard Europe Pacific ETF (VEA) 0.62 189902 39.30
Visa (V) 0.61 82142 88.87
Discover Financial Services (DFS) 0.60 105544 68.39
Vanguard Industrials ETF (VIS) 0.57 55539 123.73
Nxp Semiconductors N V 0.56 64985 103.50
Walt Disney Company (DIS) 0.55 58928 113.39
Vanguard Small-Cap Value ETF (VBR) 0.54 52519 122.85
U.S. Ban (USB) 0.53 124328 51.50
Intel Corporation (INTC) 0.53 176547 36.07
iShares S&P; SmallCap 600 Index (IJR) 0.52 90263 69.16
iShares MSCI ACWI ex US Index Fund (ACWX) 0.50 138055 43.62
Alphabet Inc Class C cs 0.50 7326 829.51
Time Warner (TWX) 0.49 60114 97.71
Huntington Ingalls Inds. Inc. 0.48 28999 200.25
United Parcel Service (UPS) 0.47 53091 107.31
Kimberly-Clark Corporation (KMB) 0.47 42589 131.63
Sprott Physical Gold Trust (PHYS) 0.47 558635 10.22
BlackRock (BLK) 0.46 14340 383.54
Snap-on Incorporated (SNA) 0.46 33034 168.67
Stryker Corporation (SYK) 0.46 41738 131.65
Costco Wholesale Corporation (COST) 0.45 32585 167.68
EOG Resources (EOG) 0.45 55534 97.54
TJX Companies (TJX) 0.44 67510 79.08
Prudential Financial (PRU) 0.44 49595 106.68
General Mills (GIS) 0.43 87728 59.01
International Business Machines (IBM) 0.43 29895 174.14
iShares Brclys Intrdte Gov/Crt Bd Fd (GVI) 0.43 47218 110.19
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.43 60504 86.37
Colgate-Palmolive Company (CL) 0.42 69677 73.19
Illinois Tool Works (ITW) 0.42 37824 132.48
Medtronic 0.42 62360 80.56
Merck & Co (MRK) 0.40 74977 63.54
Technology SPDR (XLK) 0.40 90166 53.31
Thermo Fisher Scientific (TMO) 0.38 30088 153.62
Danaher Corporation (DHR) 0.37 52665 85.52
Pepsi (PEP) 0.36 39129 111.86
Vanguard Short Term Corporate Bond ETF (VCSH) 0.36 53895 79.75
CVS Caremark Corporation (CVS) 0.35 54439 78.49
iShares MSCI EAFE Index Fund (EFA) 0.33 63384 62.29
Citizens Financial 0.33 116510 34.55
Minerals Technologies (MTX) 0.32 50351 76.60
iShares S&P; NA Tech. Sec. Idx. Fd. (IGM) 0.32 27876 138.47
Johnson Controls International Plc equity 0.32 90668 42.12
Taiwan Semiconductor Mfg (TSM) 0.31 114755 32.84
Wyndham Worldwide Corporation (WYN) 0.31 44035 84.30
iShares S&P; 500 Growth Index (IVW) 0.31 28597 131.52
iShares Barclays 1-3 Year Cred Bd Fd ETF (CSJ) 0.31 35751 105.23
Lear Corporation (LEA) 0.30 25176 141.56
Tenne (TEN) 0.30 57435 62.42
SPDR DJ International Real Estate ETF (RWX) 0.30 98168 37.40
Comcast Corporation (CMCSA) 0.29 93822 37.59
Newell Rubbermaid (NWL) 0.29 74680 47.17
Tupperware Brands Corporation (TUP) 0.29 56585 62.72
Crane (CR) 0.28 45383 74.83
Flextronics International Ltd Com Stk 0.28 203763 16.80
iShares S&P; 500 Value Index (IVE) 0.28 32588 104.03
Gilead Sciences (GILD) 0.27 47707 67.91
iShares S&P; 100 Index (OEF) 0.27 31199 104.71
Vanguard Energy ETF (VDE) 0.27 33500 96.72
Crown Holdings (CCK) 0.26 58043 52.94
Union Pacific Corporation (UNP) 0.26 29651 105.93
Schlumberger (SLB) 0.26 40693 78.10
ConocoPhillips (COP) 0.25 59538 49.87
Applied Materials (AMAT) 0.25 78833 38.91
Trinseo S A shs 0.25 45673 67.11
Vanguard Utilities ETF (VPU) 0.24 25544 112.59
Neuroderm Ltd F 0.24 109000 26.55
Exxon Mobil Corporation (XOM) 0.23 34164 82.02
UnitedHealth (UNH) 0.23 17245 163.99
Hawaiian Holdings (HA) 0.23 58503 46.44
Verizon Communications (VZ) 0.22 54678 48.76
Allstate Corporation (ALL) 0.22 32522 81.48
Packaging Corporation of America (PKG) 0.21 28015 91.63
Cummins (CMI) 0.21 16925 151.20
NetEase (NTES) 0.21 9000 284.00
EnerSys (ENS) 0.21 32295 78.93
KLA-Tencor Corporation (KLAC) 0.21 26288 95.06
iShares S&P; Global Infrastructure Index (IGF) 0.20 55565 42.33
Schwab Emerging Markets Equity ETF (SCHE) 0.20 101376 23.97
Schwab Strategic Tr us lrg cap etf 0.20 43719 56.27
Lci Industries 0.20 24080 99.79
3M Company (MMM) 0.19 11876 191.31
Nucor Corporation (NUE) 0.19 37923 59.73
Aerie Pharmaceuticals 0.19 50500 45.35
Core Laboratories N.V. (CLB) 0.18 18863 115.52
iShares Cohen & Steers Realty Maj. (ICF) 0.18 21960 99.77
Vanguard Materials ETF (VAW) 0.18 18251 118.95
Spark Therapeutics 0.18 40600 53.35
Raytheon Company (RTN) 0.17 13145 152.53
Praxair (PX) 0.17 17378 118.60
SPDR S&P; MidCap 400 ETF (MDY) 0.17 6677 312.42
Immunomedics (IMMU) 0.17 315000 6.47
Ishares Inc core msci emkt 0.17 42458 47.79
Zogenix 0.17 192000 10.85
Chevron Corporation (CVX) 0.16 17557 107.36
Northrop Grumman Corporation (NOC) 0.16 8280 237.80
Wells Fargo & Company (WFC) 0.16 34573 55.65
Regions Financial Corporation (RF) 0.16 134309 14.53
Helmerich & Payne (HP) 0.16 28258 66.57
KAR Auction Services (KAR) 0.16 43361 43.68
NCR Corporation (NCR) 0.15 39356 45.69
Fortive 0.15 29889 60.22
Adobe Systems Incorporated (ADBE) 0.14 12505 130.11
Occidental Petroleum Corporation (OXY) 0.14 26236 63.35
Activision Blizzard (ATVI) 0.14 32699 49.85
iShares Dow Jones US Real Estate (IYR) 0.14 21323 78.51
Ishares Inc etp 0.14 52000 33.23
Reynolds American (RAI) 0.13 25163 63.03
Vanguard Telecommunication Services ETF (VOX) 0.13 16533 94.84
Extended Stay America 0.13 101071 15.94
Real Estate Select Sect Spdr 0.13 51439 31.59
Berkshire Hathaway (BRK.B) 0.12 8485 166.65
PPG Industries (PPG) 0.12 13371 105.08
AutoZone (AZO) 0.12 1972 723.12
Amazon (AMZN) 0.12 1664 886.42
Credicorp Ltd Com 0.12 8537 163.41
Ball Corporation (BLL) 0.12 20191 74.24
Schwab International Equity ETF (SCHF) 0.12 47668 29.87
Esperion Therapeutics 0.12 41000 35.32
Humana (HUM) 0.11 6294 206.07
Ocular Therapeutix 0.11 146752 9.28
Flamel Technologies Sa 0.11 141000 9.68
General Electric Company (GE) 0.10 38495 29.80
Bristol Myers Squibb (BMY) 0.10 22066 54.38
Procter & Gamble Company (PG) 0.10 13939 89.82
iShares Russell 2000 Index (IWM) 0.10 8828 137.52
D Stemline Therapeutics 0.10 138785 8.55
Spdr Ser Tr sp500 fosl etf 0.10 20835 57.12
American Express Company (AXP) 0.09 14113 79.08
Capital One Financial (COF) 0.09 12610 86.68
DISH Network (DISH) 0.09 17524 63.51
General Dynamics Corporation (GD) 0.09 5885 187.26
BioDelivery Sciences International (BDSI) 0.09 558000 1.90
iShares Dow Jones Select Dividend (DVY) 0.09 11841 91.12
SPDR S&P; Dividend (SDY) 0.09 12711 88.19
Guidewire Software 0.09 18749 56.32
State Street Corporation (STT) 0.08 12328 79.57
Travelers Companies (TRV) 0.08 7967 120.50
Steel Dynamics (STLD) 0.08 28401 34.75
Bancolombia S.A. (CIB) 0.08 25279 39.87
iShares Barclays Inter Crd Bd Fund ETF) (CIU) 0.08 9258 108.99
Ishares High Dividend Equity F 0.08 12015 83.81
Compania de Minas Buenaventura SA (BVN) 0.07 70000 12.04
Pfizer (PFE) 0.07 24728 34.21
Amgen (AMGN) 0.07 4887 164.11
United Technologies Corporation (UTX) 0.07 7182 112.23
Oracle Corporation (ORCL) 0.07 19941 44.63
Enbridge Inc 0.07 19783 41.85
Banco Macro SA (BMA) 0.07 9535 86.73
Ingersoll-rand Co Ltd-cl A 0.07 10820 81.33
iShares FTSE KLD Select Scil Idx Fd (KLD) 0.07 8088 98.29
Neovasc Inc 0.07 569250 1.53
Ssga Active Etf Tr blkstn gsosrln 0.07 17705 47.56
Macrogenics 0.07 44000 18.59
McDonald's Corporation (MCD) 0.06 5721 129.52
Waters Corporation (WAT) 0.06 4504 156.31
Honeywell International (HON) 0.06 5885 124.89
Schwab U S Small Cap ETF (SCHA) 0.06 11258 62.98
Cyrusone 0.06 15017 51.47
Fidelity msci energy idx 0.06 37130 19.63
Coca-Cola Company (KO) 0.05 12929 42.46
Ecolab (ECL) 0.05 4932 125.30
Abbott Laboratories (ABT) 0.05 14611 44.42
Health Care SPDR (XLV) 0.05 7697 74.31
AT&T; (T) 0.05 15453 41.55
Automatic Data Processing (ADP) 0.05 5964 102.45
Laboratory Corp. of America Holdings (LH) 0.05 3911 143.44
NIKE (NKE) 0.05 11183 55.71
Vanguard High Dividend Yield ETF (VYM) 0.05 7096 77.65
Schwab Strategic Tr us reit etf 0.05 15049 40.80
Vale (VALE) 0.04 45000 9.51
Infosys Technologies (INFY) 0.04 30684 15.81
Bank of America Corporation (BAC) 0.04 19752 23.59
Wal-Mart Stores (WMT) 0.04 6395 72.09
Norfolk Southern (NSC) 0.04 4038 111.94
Philip Morris International (PM) 0.04 4024 112.82
MercadoLibre (MELI) 0.04 2500 211.20
Rayonier (RYN) 0.04 15337 28.36
Consumer Staples Select Sect. SPDR (XLP) 0.04 8103 54.55
Vanguard Large-Cap ETF (VV) 0.04 4600 108.04
Ecopetrol S.A. (EC) 0.04 55250 9.32
SPDR MSCI ACWI ex-US (CWI) 0.04 13600 34.12
Vanguard Scottsdale Fds cmn 0.04 4624 102.51
Adecoagro S A 0.04 45200 11.46
Abbvie 0.04 6477 65.15
Juno Therapeutics 0.04 21800 22.20
Digital Realty Trust (DLR) 0.03 3400 106.47
SYSCO Corporation (SYY) 0.03 7187 51.90
Dow Chemical Company (DOW) 0.03 6447 63.60
Becton, Dickinson and (BDX) 0.03 1797 183.64
Altria (MO) 0.03 4403 71.32
Nextera Energy Inc C om 0.03 2414 128.42
Texas Instruments Incorporated (TXN) 0.03 5127 80.55
iShares NASDAQ Biotechnology Index (IBB) 0.03 1371 293.22
MetLife (MET) 0.03 6421 52.80
EastGroup Properties (EGP) 0.03 4360 73.62
iShares S&P; MidCap 400 Growth (IJK) 0.03 2176 190.72
Pinnacle West Capital Corporation (PNW) 0.03 4864 83.47
Consumer Discretionary SPDR (XLY) 0.03 4375 88.00
Chunghwa Telecom Co Ltd - Adr 0.03 11408 34.01
Nuveen CA Dividend Advantage Muni. Fund (NAC) 0.03 26995 14.41
Schwab U S Large Cap Growth ETF (SCHG) 0.03 5080 60.43
Mondelez Int 0.03 7466 43.13
Ohr Pharmaceutical 0.03 449000 0.83
AU Optronics (AUO) 0.02 76574 3.83
MasterCard Incorporated (MA) 0.02 2217 112.31
Caterpillar (CAT) 0.02 2952 92.82
Devon Energy Corporation (DVN) 0.02 6294 41.79
Eli Lilly & Co. (LLY) 0.02 2422 84.23
Public Storage (PSA) 0.02 1061 218.66
T. Rowe Price (TROW) 0.02 3296 68.26
Boeing Company (BA) 0.02 1610 177.02
Ross Stores (ROST) 0.02 3847 65.77
C.R. Bard (BCR) 0.02 875 248.00
Emerson Electric (EMR) 0.02 3874 59.89
Valero Energy Corporation (VLO) 0.02 3035 66.23
Lockheed Martin Corporation (LMT) 0.02 799 267.83
Berkshire Hathaway (BRK.A) 0.02 1 250000.00
Target Corporation (TGT) 0.02 4178 55.29
QUALCOMM (QCOM) 0.02 4185 57.35
Starbucks Corporation (SBUX) 0.02 3963 58.29
Lowe's Companies (LOW) 0.02 2747 82.27
Omni (OMC) 0.02 2761 86.20
priceline.com Incorporated (PCLN) 0.02 144 1777.78
SPDR Gold Trust (GLD) 0.02 2240 118.75
Energy Select Sector SPDR (XLE) 0.02 4130 69.98
Industrial SPDR (XLI) 0.02 3133 65.11
WNS (WNS) 0.02 7154 28.66
Edison International (EIX) 0.02 2522 79.70
American Campus Communities (ACC) 0.02 4800 47.50
Essex Property Trust (ESS) 0.02 1039 231.95
Agree Realty Corporation (ADC) 0.02 5590 47.94
Northwest Natural Gas (NWN) 0.02 4800 59.17
Corporate Office Properties Trust (OFC) 0.02 6100 33.11
Stoneridge (SRI) 0.02 15000 18.13
Alexandria Real Estate Equities (ARE) 0.02 2660 110.53
National Retail Properties (NNN) 0.02 5000 43.60
Vanguard Dividend Appreciation ETF (VIG) 0.02 2979 89.96
One Liberty Properties (OLP) 0.02 10500 23.33
Piedmont Office Realty Trust (PDM) 0.02 11100 21.35
Sun Communities (SUI) 0.02 3000 80.33
iShares S&P; MidCap 400 Value Index (IJJ) 0.02 1457 148.25
iShares FTSE KLD 400 Social Idx Fd (DSI) 0.02 3000 86.67
iShares S&P; AMT-Fr Mncpl Bnd Fd (NYF) 0.02 1855 109.97
SPDR FTSE/Macquarie Global Infra (GII) 0.02 5600 48.93
Vanguard Intl Equity Index F glb ex us etf 0.02 4026 53.15
Citigroup Inc 0.02 3890 59.90
Prologis Inc. 0.02 4792 51.96
Duke Energy 0.02 3278 82.06
Epr Properties 0.02 3718 73.70
Ishares Core Intl Stock Etf core 0.02 4000 54.75
Allergan 0.02 867 238.75
Mkt Vectors Biotech Etf etf 0.02 2025 119.01
Retail Properties Of America 0.01 11000 14.45
Neoprobe 0.00 10000 0.60