Efficient Market Advisors

Efficient Market Advisors as of March 31, 2015

Portfolio Holdings for Efficient Market Advisors

Efficient Market Advisors holds 148 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ishares Tr fltg rate nt (FLOT) 14.2 $62M 1.2M 50.64
Vanguard S&p 500 Etf idx (VOO) 13.9 $61M 320k 189.20
iShares S&P MidCap 400 Index (IJH) 12.2 $53M 349k 151.98
iShares S&P SmallCap 600 Index (IJR) 7.4 $32M 273k 118.03
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 5.5 $24M 225k 105.53
Vanguard Europe Pacific ETF (VEA) 5.2 $23M 569k 39.83
Vanguard Emerging Markets ETF (VWO) 5.0 $22M 526k 40.87
Spdr Short-term High Yield mf (SJNK) 4.5 $19M 662k 29.19
PowerShares Listed Private Eq. 4.4 $19M 1.7M 11.30
Dbx Trackers db xtr msci eur (DBEU) 3.5 $15M 514k 29.16
Powershares Etf Tr Ii var rate pfd por 3.5 $15M 595k 25.21
iShares S&P US Pref Stock Idx Fnd (PFF) 2.0 $8.7M 218k 40.11
Powershares Senior Loan Portfo mf 1.7 $7.6M 315k 24.09
Ishares Inc core msci emkt (IEMG) 1.4 $6.3M 130k 48.33
Market Vectors Inv Gr 1.3 $5.8M 233k 24.87
Vanguard Large-Cap ETF (VV) 1.3 $5.6M 59k 95.21
Spdr S&p 500 Etf (SPY) 1.1 $5.0M 24k 206.41
iShares iBoxx $ High Yid Corp Bond (HYG) 1.1 $4.6M 51k 90.60
iShares Russell 2000 Index (IWM) 1.0 $4.5M 36k 124.38
Vanguard Mid-Cap ETF (VO) 0.8 $3.6M 27k 132.69
First Trust Global Tactical etp (FTGC) 0.8 $3.3M 139k 24.08
Ishares Tr cur hdg ms emu (HEZU) 0.7 $3.2M 110k 29.08
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.7 $3.1M 62k 49.27
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.6 $2.7M 46k 58.50
Proshares Tr priv eqty-lstd (PEX) 0.6 $2.5M 61k 40.79
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.6 $2.5M 22k 112.12
Vanguard Small-Cap ETF (VB) 0.5 $2.2M 18k 122.56
Pimco Etf Tr 0-5 high yield (HYS) 0.5 $2.2M 21k 101.50
Vanguard FTSE All-World ex-US ETF (VEU) 0.4 $1.8M 38k 48.73
Vanguard Total Stock Market ETF (VTI) 0.4 $1.6M 15k 107.24
Vanguard Total Bond Market ETF (BND) 0.3 $1.3M 15k 83.37
SPDR Barclays Capital High Yield B 0.2 $992k 25k 39.21
McDonald's Corporation (MCD) 0.2 $958k 9.8k 97.48
iShares MSCI EAFE Index Fund (EFA) 0.2 $937k 15k 64.18
Vanguard Whitehall Fds Inc emerg mkt bd etf (VWOB) 0.2 $834k 11k 77.78
NetApp (NTAP) 0.1 $532k 15k 35.47
Spdr Euro Stoxx 50 Etf (FEZ) 0.1 $500k 13k 38.83
SPDR Barclays Capital 1-3 Month T- 0.1 $511k 11k 45.71
Sch Us Mid-cap Etf etf (SCHM) 0.1 $539k 13k 43.18
Marcus & Millichap (MMI) 0.1 $526k 14k 37.46
Schwab Strategic Tr us lrg cap etf (SCHX) 0.1 $489k 9.9k 49.57
Schwab U S Small Cap ETF (SCHA) 0.1 $383k 6.6k 57.65
Vanguard Dividend Appreciation ETF (VIG) 0.1 $327k 4.1k 80.46
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $328k 3.9k 84.93
Vanguard Short Term Corporate Bond ETF (VCSH) 0.1 $308k 3.8k 80.12
Costco Wholesale Corporation (COST) 0.1 $274k 1.8k 151.38
Home Depot (HD) 0.1 $210k 1.9k 113.51
PowerShares Preferred Portfolio 0.0 $153k 10k 14.89
Exxon Mobil Corporation (XOM) 0.0 $136k 1.6k 85.00
Chevron Corporation (CVX) 0.0 $126k 1.2k 105.00
At&t (T) 0.0 $124k 3.8k 32.55
CPI Aerostructures (CVU) 0.0 $111k 9.1k 12.20
PowerShares VRDO Tax Free Weekly Por ETF 0.0 $125k 5.0k 25.00
Nuveen California Municipal Value Fund (NCA) 0.0 $120k 11k 10.67
Schwab International Equity ETF (SCHF) 0.0 $116k 3.8k 30.30
Nuveen CA Select Tax-Free Incom Port (NXC) 0.0 $123k 8.0k 15.38
Cutwater Select Income 0.0 $146k 7.3k 19.98
Violin Memory 0.0 $119k 32k 3.78
Microsoft Corporation (MSFT) 0.0 $81k 2.0k 40.50
Goldman Sachs (GS) 0.0 $75k 400.00 187.50
Pfizer (PFE) 0.0 $70k 2.0k 35.00
General Electric Company 0.0 $94k 3.8k 24.82
Procter & Gamble Company (PG) 0.0 $82k 1.0k 82.00
iShares S&P 500 Index (IVV) 0.0 $74k 357.00 207.28
Ford Motor Company (F) 0.0 $81k 5.0k 16.20
Sempra Energy (SRE) 0.0 $71k 650.00 109.23
Humana (HUM) 0.0 $71k 400.00 177.50
Miller Industries (MLR) 0.0 $74k 3.0k 24.67
Motorcar Parts of America (MPAA) 0.0 $106k 3.8k 27.89
SPDR Nuveen Barclays Cap Clfrn Mncpl Bnd 0.0 $72k 3.0k 24.00
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.0 $73k 5.0k 14.75
Schwab Emerging Markets Equity ETF (SCHE) 0.0 $102k 4.2k 24.26
Nuveen Calif Municpal Valu F 0.0 $98k 5.9k 16.63
Facebook Inc cl a (META) 0.0 $74k 900.00 82.22
Johnson & Johnson (JNJ) 0.0 $40k 400.00 100.00
Cisco Systems (CSCO) 0.0 $28k 1.0k 28.00
Verizon Communications (VZ) 0.0 $58k 1.2k 48.33
Apple (AAPL) 0.0 $22k 175.00 125.71
International Business Machines (IBM) 0.0 $22k 135.00 162.96
Oracle Corporation (ORCL) 0.0 $34k 793.00 42.88
iShares MSCI Japan Index 0.0 $63k 5.0k 12.50
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $31k 1.4k 22.02
iShares Lehman Aggregate Bond (AGG) 0.0 $65k 587.00 110.73
Vanguard European ETF (VGK) 0.0 $37k 691.00 53.55
iShares MSCI Germany Index Fund (EWG) 0.0 $31k 1.1k 29.50
iShares MSCI Australia Index Fund (EWA) 0.0 $23k 990.00 23.23
iShares MSCI Switzerland Index Fund (EWL) 0.0 $25k 756.00 33.07
ACADIA Pharmaceuticals (ACAD) 0.0 $39k 1.2k 32.50
iShares MSCI France Index (EWQ) 0.0 $22k 858.00 25.64
Mfs Calif Mun 0.0 $58k 5.0k 11.60
SPDR Wells Fargo Prfd Stk ETF (PSK) 0.0 $58k 1.3k 45.28
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.0 $30k 2.0k 14.83
Nuveen CA Dividend Advantage Muni. Fund (NAC) 0.0 $31k 2.0k 15.15
Fs Investment Corporation 0.0 $44k 4.3k 10.12
United Development Funding closely held st 0.0 $31k 1.8k 17.71
Ishares msci uk 0.0 $62k 3.5k 17.96
Healthcare Tr Amer Inc cl a 0.0 $41k 1.5k 28.02
Barrick Gold Corp (GOLD) 0.0 $8.0k 700.00 11.43
Time Warner Cable 0.0 $2.0k 12.00 166.67
iShares MSCI Emerging Markets Indx (EEM) 0.0 $17k 424.00 40.09
JPMorgan Chase & Co. (JPM) 0.0 $18k 300.00 60.00
Bank of America Corporation (BAC) 0.0 $15k 1.0k 15.00
Coca-Cola Company (KO) 0.0 $20k 500.00 40.00
Walt Disney Company (DIS) 0.0 $8.0k 75.00 106.67
Carnival Corporation (CCL) 0.0 $5.0k 100.00 50.00
Newmont Mining Corporation (NEM) 0.0 $9.0k 400.00 22.50
Paychex (PAYX) 0.0 $20k 400.00 50.00
Intel Corporation (INTC) 0.0 $6.0k 200.00 30.00
Aol 0.0 $0 4.00 0.00
Deere & Company (DE) 0.0 $18k 200.00 90.00
Merck & Co (MRK) 0.0 $16k 285.00 56.14
Qualcomm (QCOM) 0.0 $21k 300.00 70.00
Starbucks Corporation (SBUX) 0.0 $1.0k 11.00 90.91
Abercrombie & Fitch (ANF) 0.0 $0 6.00 0.00
Linn Energy 0.0 $7.0k 600.00 11.67
Frontier Communications 0.0 $2.0k 288.00 6.94
PowerShares DB Com Indx Trckng Fund 0.0 $9.0k 510.00 17.65
JDS Uniphase Corporation 0.0 $0 1.00 0.00
Exeter Res Corp 0.0 $2.0k 3.0k 0.67
iShares MSCI Brazil Index (EWZ) 0.0 $15k 472.00 31.78
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $1.0k 11.00 90.91
iShares S&P 500 Growth Index (IVW) 0.0 $11k 100.00 110.00
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.0 $14k 249.00 56.22
Market Vector Russia ETF Trust 0.0 $17k 976.00 17.42
iShares MSCI South Korea Index Fund (EWY) 0.0 $13k 222.00 58.56
Tesla Motors (TSLA) 0.0 $1.0k 4.00 250.00
iShares Dow Jones Select Dividend (DVY) 0.0 $2.0k 26.00 76.92
Alerian Mlp Etf 0.0 $8.0k 500.00 16.00
iShares Cohen & Steers Realty Maj. (ICF) 0.0 $19k 188.00 101.06
General Motors Company (GM) 0.0 $0 9.00 0.00
iShares MSCI Singapore Index Fund 0.0 $12k 912.00 13.16
Vanguard REIT ETF (VNQ) 0.0 $7.0k 83.00 84.34
Eaton Vance Limited Duration Income Fund (EVV) 0.0 $9.0k 648.00 13.89
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.0 $14k 1.1k 12.93
PowerShares 1-30 Laddered Treasury 0.0 $0 1.00 0.00
SPDR Dow Jones Global Real Estate (RWO) 0.0 $0 3.00 0.00
Vanguard Total World Stock Idx (VT) 0.0 $2.0k 39.00 51.28
Eaton Vance California Mun. Income Trust (CEV) 0.0 $15k 1.1k 13.55
Eaton Vance Calif Mun Bd 0.0 $13k 1.0k 13.00
Nuveen CA Div Adv Muni Fd 3 Ben Int 0.0 $14k 1.0k 14.00
Schwab U S Broad Market ETF (SCHB) 0.0 $6.0k 126.00 47.62
Citigroup (C) 0.0 $10k 200.00 50.00
General Mtrs Co *w exp 07/10/201 0.0 $0 8.00 0.00
General Mtrs Co *w exp 07/10/201 0.0 $0 8.00 0.00
Schwab Strategic Tr us aggregate b (SCHZ) 0.0 $999.960000 12.00 83.33
American Realty Capital Prop 0.0 $5.0k 500.00 10.00
Schwab Strategic Tr us dividend eq (SCHD) 0.0 $0 5.00 0.00
Solarcity 0.0 $999.960000 13.00 76.92