Efficient Market Advisors

Efficient Market Advisors as of Sept. 30, 2015

Portfolio Holdings for Efficient Market Advisors

Efficient Market Advisors holds 183 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 12.9 $54M 308k 175.71
iShares S&P MidCap 400 Index (IJH) 11.6 $49M 356k 136.61
Ishares Tr fltg rate nt (FLOT) 10.4 $44M 870k 50.45
iShares S&P SmallCap 600 Index (IJR) 7.2 $30M 283k 106.57
Vanguard Europe Pacific ETF (VEA) 6.3 $27M 750k 35.64
Vanguard Emerging Markets ETF (VWO) 5.9 $25M 746k 33.09
Powershares Senior Loan Portfo mf 4.7 $20M 862k 23.04
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 4.7 $20M 188k 105.13
PowerShares Listed Private Eq. 4.5 $19M 1.8M 10.50
Spdr Short-term High Yield mf (SJNK) 4.2 $17M 647k 26.94
First Trust Global Tactical etp (FTGC) 4.0 $17M 767k 22.23
Powershares Etf Tr Ii var rate pfd por 3.7 $16M 643k 24.29
Dbx Trackers db xtr msci eur (DBEU) 3.4 $14M 565k 24.99
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 2.1 $9.1M 85k 106.40
iShares S&P US Pref Stock Idx Fnd (PFF) 1.8 $7.6M 197k 38.60
Ishares Inc core msci emkt (IEMG) 1.0 $4.2M 106k 39.89
Spdr S&p 500 Etf (SPY) 0.9 $3.9M 21k 191.64
iShares iBoxx $ High Yid Corp Bond (HYG) 0.8 $3.6M 43k 83.29
iShares Russell 2000 Index (IWM) 0.8 $3.5M 32k 109.19
Vanguard Large-Cap ETF (VV) 0.8 $3.3M 38k 88.05
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.8 $3.2M 66k 47.76
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.6 $2.7M 51k 52.81
Vanguard Mid-Cap ETF (VO) 0.6 $2.4M 21k 116.67
Market Vectors Inv Gr 0.6 $2.4M 98k 24.75
Ishares Tr cur hdg ms emu (HEZU) 0.5 $2.2M 89k 24.80
Pimco Etf Tr 0-5 high yield (HYS) 0.5 $2.2M 23k 94.64
Vanguard Whitehall Fds Inc emerg mkt bd etf (VWOB) 0.5 $1.9M 26k 74.19
Proshares Tr priv eqty-lstd (PEX) 0.4 $1.8M 48k 37.87
Vanguard Total Stock Market ETF (VTI) 0.3 $1.4M 14k 98.75
Vanguard FTSE All-World ex-US ETF (VEU) 0.3 $1.4M 32k 42.62
Vanguard Small-Cap ETF (VB) 0.3 $1.2M 12k 107.91
Vanguard Total Bond Market ETF (BND) 0.3 $1.1M 13k 81.95
McDonald's Corporation (MCD) 0.2 $914k 9.3k 98.48
iShares MSCI EAFE Index Fund (EFA) 0.2 $918k 16k 57.30
Vanguard Short Term Corporate Bond ETF (VCSH) 0.2 $888k 11k 79.72
SPDR Barclays Capital High Yield B 0.1 $557k 16k 35.66
Vanguard Dividend Appreciation ETF (VIG) 0.1 $484k 6.6k 73.71
Sch Us Mid-cap Etf etf (SCHM) 0.1 $451k 12k 38.91
Spdr Euro Stoxx 50 Etf (FEZ) 0.1 $409k 12k 33.81
Schwab Strategic Tr us lrg cap etf (SCHX) 0.1 $441k 9.6k 45.79
NetApp (NTAP) 0.1 $326k 11k 29.64
Costco Wholesale Corporation (COST) 0.1 $262k 1.8k 144.75
Home Depot (HD) 0.1 $241k 2.1k 115.53
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $261k 3.1k 85.13
Schwab U S Small Cap ETF (SCHA) 0.1 $268k 5.3k 50.87
PowerShares Preferred Portfolio 0.0 $154k 11k 14.55
Exxon Mobil Corporation (XOM) 0.0 $141k 1.9k 74.21
General Electric Company 0.0 $116k 4.6k 25.31
At&t (T) 0.0 $124k 3.8k 32.55
Procter & Gamble Company (PG) 0.0 $119k 1.7k 72.12
PowerShares VRDO Tax Free Weekly Por ETF 0.0 $125k 5.0k 25.00
Nuveen California Municipal Value Fund (NCA) 0.0 $119k 11k 10.58
Schwab International Equity ETF (SCHF) 0.0 $137k 5.0k 27.33
Nuveen CA Select Tax-Free Incom Port (NXC) 0.0 $122k 8.0k 15.25
Cutwater Select Income 0.0 $139k 7.3k 19.02
Microsoft Corporation (MSFT) 0.0 $90k 2.0k 44.23
Goldman Sachs (GS) 0.0 $70k 400.00 175.00
Pfizer (PFE) 0.0 $64k 2.0k 31.57
Chevron Corporation (CVX) 0.0 $95k 1.2k 79.17
Verizon Communications (VZ) 0.0 $66k 1.5k 43.65
iShares S&P 500 Index (IVV) 0.0 $74k 382.00 193.72
Humana (HUM) 0.0 $72k 400.00 180.00
iShares Lehman Aggregate Bond (AGG) 0.0 $69k 628.00 109.87
SPDR Nuveen Barclays Cap Clfrn Mncpl Bnd 0.0 $72k 3.0k 24.00
SPDR Wells Fargo Prfd Stk ETF (PSK) 0.0 $75k 1.7k 44.01
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.0 $71k 5.0k 14.34
Schwab Emerging Markets Equity ETF (SCHE) 0.0 $94k 4.7k 20.18
Nuveen Calif Municpal Valu F 0.0 $97k 5.9k 16.46
Facebook Inc cl a (META) 0.0 $81k 904.00 89.60
American Express Company (AXP) 0.0 $56k 754.00 74.27
Berkshire Hathaway (BRK.B) 0.0 $60k 457.00 131.29
Johnson & Johnson (JNJ) 0.0 $37k 400.00 92.50
Cisco Systems (CSCO) 0.0 $58k 2.2k 26.36
Apple (AAPL) 0.0 $49k 445.00 110.11
Qualcomm (QCOM) 0.0 $28k 515.00 54.37
Ford Motor Company (F) 0.0 $54k 4.0k 13.50
Oracle Corporation (ORCL) 0.0 $29k 810.00 35.80
iShares MSCI Japan Index 0.0 $56k 4.9k 11.49
Miller Industries (MLR) 0.0 $59k 3.0k 19.67
CPI Aerostructures (CVU) 0.0 $47k 5.3k 8.87
Motorcar Parts of America (MPAA) 0.0 $63k 2.0k 31.50
Vanguard European ETF (VGK) 0.0 $33k 668.00 49.40
iShares MSCI Germany Index Fund (EWG) 0.0 $26k 1.1k 24.74
iShares MSCI Switzerland Index Fund (EWL) 0.0 $23k 756.00 30.42
Mfs Calif Mun 0.0 $55k 5.0k 11.00
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
Violin Memory 0.0 $51k 37k 1.38
Fs Investment Corporation 0.0 $41k 4.3k 9.43
Marcus & Millichap (MMI) 0.0 $41k 900.00 45.56
United Development Funding closely held st 0.0 $31k 1.8k 17.71
Ishares msci uk 0.0 $57k 3.5k 16.32
Healthcare Tr Amer Inc cl a 0.0 $36k 1.5k 24.61
Global Net Lease 0.0 $29k 3.1k 9.35
Barrick Gold Corp (GOLD) 0.0 $4.0k 700.00 5.71
Cit 0.0 $999.960000 13.00 76.92
Cognizant Technology Solutions (CTSH) 0.0 $1.0k 20.00 50.00
Time Warner Cable 0.0 $2.0k 12.00 166.67
JPMorgan Chase & Co. (JPM) 0.0 $19k 312.00 60.90
Fidelity National Information Services (FIS) 0.0 $999.990000 9.00 111.11
Bank of America Corporation (BAC) 0.0 $16k 1.1k 15.15
Caterpillar (CAT) 0.0 $20k 300.00 66.67
Coca-Cola Company (KO) 0.0 $20k 500.00 40.00
M&T Bank Corporation (MTB) 0.0 $1.0k 5.00 200.00
Abbott Laboratories (ABT) 0.0 $8.0k 211.00 37.91
Eli Lilly & Co. (LLY) 0.0 $1.0k 10.00 100.00
Walt Disney Company (DIS) 0.0 $8.0k 75.00 106.67
Carnival Corporation (CCL) 0.0 $5.0k 100.00 50.00
Coach 0.0 $1.0k 18.00 55.56
Newmont Mining Corporation (NEM) 0.0 $6.0k 400.00 15.00
Paychex (PAYX) 0.0 $19k 400.00 47.50
Boeing Company (BA) 0.0 $1.0k 5.00 200.00
Intel Corporation (INTC) 0.0 $6.0k 200.00 30.00
KBR (KBR) 0.0 $1.0k 59.00 16.95
CVS Caremark Corporation (CVS) 0.0 $1.0k 8.00 125.00
International Business Machines (IBM) 0.0 $20k 135.00 148.15
Merck & Co (MRK) 0.0 $15k 297.00 50.51
Occidental Petroleum Corporation (OXY) 0.0 $1.0k 8.00 125.00
Philip Morris International (PM) 0.0 $1.0k 8.00 125.00
Schlumberger (SLB) 0.0 $1.0k 8.00 125.00
Texas Instruments Incorporated (TXN) 0.0 $999.960000 13.00 76.92
UnitedHealth (UNH) 0.0 $1.0k 6.00 166.67
Ca 0.0 $999.900000 33.00 30.30
iShares Russell 1000 Value Index (IWD) 0.0 $8.0k 86.00 93.02
Danaher Corporation (DHR) 0.0 $1.0k 8.00 125.00
TJX Companies (TJX) 0.0 $1.0k 8.00 125.00
Starbucks Corporation (SBUX) 0.0 $999.900000 22.00 45.45
Visa (V) 0.0 $2.0k 26.00 76.92
Dr Pepper Snapple 0.0 $10k 132.00 75.76
Frontier Communications 0.0 $999.360000 288.00 3.47
Verisk Analytics (VRSK) 0.0 $1.0k 7.00 142.86
Universal Technical Institute (UTI) 0.0 $7.0k 2.0k 3.50
PowerShares DB Com Indx Trckng Fund 0.0 $8.0k 510.00 15.69
Herbalife Ltd Com Stk (HLF) 0.0 $999.960000 13.00 76.92
iShares MSCI EMU Index (EZU) 0.0 $2.0k 72.00 27.78
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $14k 717.00 19.53
Carpenter Technology Corporation (CRS) 0.0 $999.970000 19.00 52.63
Exeter Res Corp 0.0 $990.000000 3.0k 0.33
iShares Russell 1000 Growth Index (IWF) 0.0 $5.0k 57.00 87.72
American International (AIG) 0.0 $999.900000 22.00 45.45
CNO Financial (CNO) 0.0 $999.780000 57.00 17.54
iShares MSCI Brazil Index (EWZ) 0.0 $10k 472.00 21.19
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 Russell Midcap Index Fund (IWR) 0.0 $1.0k 7.00 142.86
iShares Russell 2000 Value Index (IWN) 0.0 $1.0k 14.00 71.43
iShares Russell 2000 Growth Index (IWO) 0.0 $1.0k 11.00 90.91
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.0 $13k 249.00 52.21
Utilities SPDR (XLU) 0.0 $9.0k 200.00 45.00
Market Vector Russia ETF Trust 0.0 $15k 976.00 15.37
iShares MSCI South Korea Index Fund (EWY) 0.0 $14k 296.00 47.30
Tesla Motors (TSLA) 0.0 $1.0k 4.00 250.00
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $3.0k 23.00 130.43
iShares Dow Jones Select Dividend (DVY) 0.0 $2.0k 26.00 76.92
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.0 $5.0k 42.00 119.05
iShares Lehman MBS Bond Fund (MBB) 0.0 $1.0k 6.00 166.67
iShares Cohen & Steers Realty Maj. (ICF) 0.0 $17k 188.00 90.43
iShares MSCI Canada Index (EWC) 0.0 $14k 598.00 23.41
iShares MSCI Singapore Index Fund 0.0 $13k 1.3k 10.24
Vanguard REIT ETF (VNQ) 0.0 $9.0k 125.00 72.00
iShares MSCI Australia Index Fund (EWA) 0.0 $18k 990.00 18.18
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $1.0k 5.00 200.00
iShares Lehman Short Treasury Bond (SHV) 0.0 $19k 170.00 111.76
iShares MSCI France Index (EWQ) 0.0 $21k 858.00 24.48
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.0 $14k 1.1k 12.93
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.0 $16k 155.00 103.23
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
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.0 $999.990000 9.00 111.11
Eaton Vance Calif Mun Bd 0.0 $13k 1.0k 13.00
Nuveen CA Div Adv Muni Fd 3 Ben Int 0.0 $13k 1.0k 13.00
Schwab U S Broad Market ETF (SCHB) 0.0 $6.0k 126.00 47.62
Citigroup (C) 0.0 $11k 228.00 48.25
Schwab Strategic Tr us aggregate b (SCHZ) 0.0 $999.960000 12.00 83.33
Express Scripts Holding 0.0 $1.0k 10.00 100.00
Solarcity 0.0 $999.960000 13.00 76.92
Vanguard Charlotte Fds intl bd idx etf (BNDX) 0.0 $4.0k 74.00 54.05
New Media Inv Grp 0.0 $1.0k 43.00 23.26
Voya Financial (VOYA) 0.0 $999.970000 19.00 52.63
Goldman Sachs Mlp Energy Ren 0.0 $2.0k 300.00 6.67
Tekla Healthcare Opportunit (THQ) 0.0 $13k 800.00 16.25
Xenia Hotels & Resorts (XHR) 0.0 $12k 698.00 17.19
Vareit, Inc reits 0.0 $4.0k 500.00 8.00