Advanced Equities Asset Management

First Allied Asset Management as of Dec. 31, 2014

Portfolio Holdings for First Allied Asset Management

First Allied Asset Management holds 181 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares IBoxx $ Invest Grade Corp Bd (LQD) 2.7 $19M 161k 119.53
iShares S&P 100 Index (OEF) 2.6 $19M 204k 90.83
iShares Lehman MBS Bond Fund (MBB) 2.3 $17M 152k 109.36
Vanguard Emerging Markets ETF (VWO) 2.0 $14M 357k 39.99
Ishares Tr eafe min volat (EFAV) 1.9 $14M 228k 61.62
iShares S&P US Pref Stock Idx Fnd (PFF) 1.9 $14M 353k 39.30
Vanguard REIT ETF (VNQ) 1.8 $13M 160k 80.97
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.8 $13M 149k 84.56
Vanguard Malvern Fds strm infproidx (VTIP) 1.7 $12M 254k 48.16
iShares Lehman Aggregate Bond (AGG) 1.5 $11M 95k 110.61
Apple (AAPL) 1.4 $10M 93k 112.39
Tortoise Energy Infrastructure 1.4 $10M 229k 43.90
SPDR Barclays Capital Convertible SecETF (CWB) 1.4 $9.8M 208k 46.94
Cohen & Steers infrastucture Fund (UTF) 1.4 $9.7M 426k 22.82
Kraft Foods 1.3 $9.4M 148k 63.33
Staples 1.3 $9.2M 505k 18.20
Vanguard Europe Pacific ETF (VEA) 1.3 $9.1M 241k 37.87
Technology SPDR (XLK) 1.2 $8.8M 213k 41.29
Spdr Short-term High Yield mf (SJNK) 1.2 $8.7M 301k 28.83
Target Corporation (TGT) 1.2 $8.5M 112k 76.63
Dr Pepper Snapple 1.2 $8.5M 118k 72.64
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 1.2 $8.5M 278k 30.67
Realty Income (O) 1.2 $8.3M 174k 47.85
Symantec Corporation 1.1 $8.1M 313k 25.88
Digital Realty Trust (DLR) 1.1 $8.0M 120k 66.91
Waddell & Reed Financial 1.1 $7.9M 158k 49.93
Vanguard Small-Cap ETF (VB) 1.1 $7.8M 67k 116.95
Boeing Company (BA) 1.1 $7.7M 59k 131.22
Accenture (ACN) 1.1 $7.7M 85k 90.32
HCP 1.1 $7.5M 170k 44.37
United Technologies Corporation 1.0 $7.5M 65k 115.28
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.0 $7.5M 68k 110.31
Altera Corporation 1.0 $7.4M 197k 37.33
Merck & Co (MRK) 1.0 $7.3M 127k 57.34
General Mills (GIS) 1.0 $7.2M 134k 53.89
Powershares Etf Tr Ii s^p500 low vol 1.0 $7.2M 190k 37.97
Ca 1.0 $7.1M 230k 30.77
ConAgra Foods (CAG) 1.0 $7.0M 191k 36.80
Pfizer (PFE) 1.0 $6.9M 222k 31.29
National Health Investors (NHI) 1.0 $7.0M 99k 70.50
Vanguard Short Term Corporate Bond ETF (VCSH) 1.0 $7.0M 87k 80.36
Epr Properties (EPR) 1.0 $7.0M 120k 58.13
Paychex (PAYX) 1.0 $6.9M 147k 46.98
C.H. Robinson Worldwide (CHRW) 1.0 $6.9M 92k 75.38
Chevron Corporation (CVX) 0.9 $6.8M 61k 112.35
E.I. du Pont de Nemours & Company 0.9 $6.8M 91k 74.97
PNC Financial Services (PNC) 0.9 $6.7M 74k 91.53
Corrections Corporation of America 0.9 $6.7M 183k 36.87
Southern Company (SO) 0.9 $6.5M 132k 49.51
Bank Of Montreal Cadcom (BMO) 0.9 $6.6M 92k 71.00
M.D.C. Holdings (MDC) 0.9 $6.6M 245k 26.82
Facebook Inc cl a (META) 0.9 $6.5M 84k 77.93
iShares S&P Global Telecommunicat. (IXP) 0.9 $6.4M 106k 60.87
PowerShares Insured Nati Muni Bond 0.9 $6.5M 255k 25.38
WisdomTree Japan Total Dividend (DXJ) 0.9 $6.3M 129k 48.84
At&t (T) 0.9 $6.3M 184k 34.02
Tupperware Brands Corporation (TUP) 0.8 $6.1M 95k 63.80
Linear Technology Corporation 0.8 $6.0M 130k 46.29
Sonoco Products Company (SON) 0.8 $6.0M 136k 43.93
KKR & Co 0.8 $5.8M 248k 23.43
Vanguard Mid-Cap ETF (VO) 0.8 $5.8M 48k 121.12
Eaton (ETN) 0.8 $5.8M 86k 67.94
Wells Fargo & Company (WFC) 0.8 $5.7M 104k 54.53
iShares Gold Trust 0.8 $5.7M 496k 11.47
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.8 $5.6M 53k 106.04
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.8 $5.5M 52k 105.29
Oracle Corporation (ORCL) 0.7 $5.2M 117k 44.59
EMC Corporation 0.7 $4.6M 156k 29.85
Vanguard Pacific ETF (VPL) 0.6 $4.5M 79k 56.86
Procter & Gamble Company (PG) 0.6 $4.3M 48k 89.44
iShares MSCI ACWI Index Fund (ACWI) 0.6 $4.2M 72k 58.59
Consolidated Edison (ED) 0.5 $3.5M 53k 67.48
Quest Diagnostics Incorporated (DGX) 0.5 $3.5M 52k 67.87
Vanguard Growth ETF (VUG) 0.5 $3.5M 33k 104.38
WisdomTree LargeCap Dividend Fund (DLN) 0.5 $3.5M 48k 74.10
Citigroup (C) 0.5 $3.5M 66k 53.36
Hasbro (HAS) 0.5 $3.5M 65k 53.55
Citrix Systems 0.5 $3.4M 54k 62.66
PowerShares FTSE RAFI US 1000 0.5 $3.4M 37k 91.23
Capital One Financial (COF) 0.4 $3.1M 39k 81.16
Celanese Corporation (CE) 0.4 $3.2M 53k 60.00
Powershares Senior Loan Portfo mf 0.4 $3.1M 131k 23.99
Express Scripts Holding 0.4 $3.2M 39k 81.57
Franklin Resources (BEN) 0.4 $3.1M 55k 57.11
Calamos Conv. Opptys. & Income Fund (CHI) 0.4 $3.1M 245k 12.54
Campbell Soup Company (CPB) 0.4 $3.0M 69k 43.50
H&R Block (HRB) 0.4 $3.0M 89k 33.66
Emerson Electric (EMR) 0.4 $2.9M 48k 60.86
Exxon Mobil Corporation (XOM) 0.4 $2.9M 31k 92.00
Omega Healthcare Investors (OHI) 0.4 $2.8M 71k 39.70
Ishares Inc em mkt min vol (EEMV) 0.4 $2.7M 48k 56.67
Proshares Tr rafi lg sht 0.4 $2.7M 64k 42.02
PowerShares DWA Technical Ldrs Pf 0.3 $2.3M 55k 41.08
Microsoft Corporation (MSFT) 0.3 $1.9M 40k 46.39
IndexIQ IQ ARB Merger Arbitrage ETF (MNA) 0.3 $1.9M 67k 27.96
Chubb Corporation 0.2 $1.8M 17k 103.55
JPMorgan Chase & Co. (JPM) 0.2 $1.8M 29k 62.80
Cisco Systems (CSCO) 0.2 $1.8M 64k 27.75
Lockheed Martin Corporation (LMT) 0.2 $1.7M 8.7k 193.64
Qualcomm (QCOM) 0.2 $1.7M 23k 74.84
Intel Corporation (INTC) 0.2 $1.6M 43k 36.29
Medtronic 0.2 $1.6M 22k 72.06
Valero Energy Corporation (VLO) 0.2 $1.6M 32k 49.40
MetLife (MET) 0.2 $1.6M 30k 54.22
Eli Lilly & Co. (LLY) 0.2 $1.5M 22k 68.77
3M Company (MMM) 0.2 $1.5M 9.1k 162.48
Rock-Tenn Company 0.2 $1.5M 25k 60.89
Wisdomtree Trust futre strat (WTMF) 0.2 $1.5M 35k 43.77
Johnson & Johnson (JNJ) 0.2 $1.4M 14k 105.54
Hewlett-Packard Company 0.2 $1.5M 37k 39.90
General Dynamics Corporation (GD) 0.2 $1.5M 11k 137.48
Humana (HUM) 0.2 $1.4M 10k 143.34
Wal-Mart Stores (WMT) 0.2 $1.3M 15k 86.23
SPDR S&P MidCap 400 ETF (MDY) 0.2 $1.4M 5.2k 263.91
Abbvie (ABBV) 0.2 $1.4M 21k 65.21
Pepsi (PEP) 0.2 $1.3M 14k 94.63
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $1.3M 23k 55.40
Time Warner 0.2 $1.2M 14k 85.52
Abbott Laboratories (ABT) 0.2 $1.1M 25k 44.93
F5 Networks (FFIV) 0.2 $1.1M 8.8k 129.44
First Republic Bank/san F (FRCB) 0.2 $1.1M 22k 51.95
Indexiq Etf Tr hdg mactrk etf 0.2 $1.2M 46k 25.28
Expedia (EXPE) 0.2 $1.1M 13k 85.84
Entergy Corporation (ETR) 0.1 $1.1M 13k 87.46
CF Industries Holdings (CF) 0.1 $1.1M 4.0k 273.25
State Street Corporation (STT) 0.1 $1.0M 13k 78.58
Laboratory Corp. of America Holdings (LH) 0.1 $1.0M 9.3k 109.17
Energizer Holdings 0.1 $1.0M 7.9k 130.03
Macy's (M) 0.1 $976k 15k 65.84
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.1 $1.0M 9.8k 105.88
National-Oilwell Var 0.1 $900k 14k 66.79
Omni (OMC) 0.1 $911k 12k 77.86
Dover Corporation (DOV) 0.1 $941k 13k 73.04
iShares Dow Jones US Real Estate (IYR) 0.1 $839k 11k 76.87
Vanguard Value ETF (VTV) 0.1 $888k 11k 84.50
Key (KEY) 0.1 $804k 58k 13.96
Ishares Tr 0-5yr hi yl cp (SHYG) 0.1 $772k 16k 48.60
iShares Barclays Agency Bond Fund (AGZ) 0.1 $612k 5.4k 113.02
Industrial SPDR (XLI) 0.1 $540k 9.6k 56.41
iShares S&P MidCap 400 Index (IJH) 0.1 $557k 3.9k 144.64
iShares Dow Jones Select Dividend (DVY) 0.1 $547k 6.9k 79.32
Health Care SPDR (XLV) 0.1 $497k 7.3k 67.79
iShares Russell Midcap Index Fund (IWR) 0.1 $500k 3.0k 167.06
Consumer Staples Select Sect. SPDR (XLP) 0.1 $526k 11k 48.35
Financial Select Sector SPDR (XLF) 0.1 $521k 21k 24.81
Utilities SPDR (XLU) 0.1 $521k 11k 47.13
Consumer Discretionary SPDR (XLY) 0.1 $526k 7.3k 71.61
iShares Dow Jones US Technology (IYW) 0.1 $523k 5.0k 103.83
SPDR Gold Trust (GLD) 0.1 $463k 4.1k 113.76
iShares Russell 2000 Index (IWM) 0.1 $397k 3.3k 119.79
Ishares Tr fltg rate nt (FLOT) 0.1 $399k 8.0k 50.09
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.1 $443k 9.1k 48.84
New York Reit 0.1 $439k 42k 10.56
iShares S&P 500 Index (IVV) 0.1 $377k 1.8k 206.58
iShares Russell 1000 Index (IWB) 0.1 $333k 2.9k 114.91
iShares Russell 1000 Growth Index (IWF) 0.1 $381k 4.0k 95.68
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $354k 2.9k 122.36
SPDR S&P International Dividend (DWX) 0.1 $336k 8.0k 42.00
Ishares High Dividend Equity F (HDV) 0.1 $338k 4.4k 77.43
Raytheon Company 0.0 $317k 2.9k 108.67
Novartis (NVS) 0.0 $280k 3.1k 91.06
Royal Dutch Shell 0.0 $274k 3.8k 71.41
General Electric Company 0.0 $202k 7.9k 25.52
Sherwin-Williams Company (SHW) 0.0 $211k 785.00 268.79
Travelers Companies (TRV) 0.0 $208k 2.0k 105.21
Unilever 0.0 $211k 5.4k 39.10
iShares MSCI EAFE Index Fund (EFA) 0.0 $225k 3.7k 61.07
Shire 0.0 $205k 1.0k 205.00
Nippon Telegraph & Telephone (NTTYY) 0.0 $248k 9.8k 25.21
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $220k 6.5k 33.93
Vodafone Group New Adr F (VOD) 0.0 $213k 6.1k 35.01
Dws Municipal Income Trust 0.0 $241k 18k 13.35
ING Groep (ING) 0.0 $169k 14k 12.46
Nidec Corporation (NJDCY) 0.0 $172k 11k 16.24
Kemet Corporation Cmn 0.0 $179k 43k 4.19
BlackRock Corporate High Yield Fund VI (HYT) 0.0 $116k 10k 11.44
Aegon 0.0 $98k 14k 7.21
Banco Bilbao Vizcaya Argentaria SA (BBVA) 0.0 $100k 10k 9.58
Colony Finl Inc Sr Nt Conv 3.875% 01/15/21 B/e Dtd 01/28/14 0.0 $39k 39k 1.00
Pdl Biopharma Inc Sr Nt Conv 4.000% 02/01/18 B/e Dtd 02/12/14 0.0 $38k 39k 0.97
Fluidigm Corporation convertible cor 0.0 $27k 30k 0.90