Merriman

Merriman as of Sept. 30, 2012

Portfolio Holdings for Merriman

Merriman holds 50 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Russell Midcap Value Index (IWS) 8.4 $13M 275k 48.72
PowerShares High Yld. Dividend Achv 7.6 $12M 1.3M 9.67
iShares Russell Midcap Index Fund (IWR) 7.5 $12M 108k 110.75
iShares Barclays TIPS Bond Fund (TIP) 7.0 $11M 91k 121.75
iShares Lehman Aggregate Bond (AGG) 6.5 $10M 93k 112.45
ISHARES TR MSCI Small Cap msci small cap (SCZ) 4.3 $6.8M 176k 38.70
SPDR DJ International Real Estate ETF (RWX) 4.2 $6.7M 170k 39.25
iShares Dow Jones US Real Estate (IYR) 4.1 $6.5M 102k 64.38
SPDR S&P International Small Cap (GWX) 4.0 $6.3M 232k 27.33
iShares MSCI EAFE Index Fund (EFA) 4.0 $6.3M 118k 53.00
iShares S&P 100 Index (OEF) 3.8 $6.0M 90k 66.46
First Trust Morningstar Divid Ledr (FDL) 3.7 $5.9M 307k 19.21
PowerShares FTSE RAFI Developed Markets 3.7 $5.9M 175k 33.67
iShares S&P SmallCap 600 Index (IJR) 3.7 $5.8M 76k 77.07
Vanguard European ETF (VGK) 2.8 $4.4M 97k 45.26
Vanguard Pacific ETF (VPL) 2.0 $3.2M 63k 50.36
iShares Dow Jones US Utilities (IDU) 1.9 $3.0M 34k 89.49
SPDR Nuveen Barclays Capital Build Amer 1.9 $3.0M 49k 60.41
WisdomTree Emerging Markets Eq (DEM) 1.6 $2.5M 47k 53.66
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.6 $2.5M 20k 121.26
iShares S&P MidCap 400 Value Index (IJJ) 1.0 $1.6M 19k 84.99
iShares Cohen & Steers Realty Maj. (ICF) 1.0 $1.6M 20k 77.85
Rydex S&P MidCap 400 Pure Growth ETF 1.0 $1.6M 18k 89.84
Vanguard Small-Cap Growth ETF (VBK) 1.0 $1.6M 18k 88.24
iShares MSCI Turkey Index Fund (TUR) 1.0 $1.6M 28k 55.87
iShares S&P SmallCap 600 Value Idx (IJS) 1.0 $1.5M 20k 79.02
Vanguard High Dividend Yield ETF (VYM) 0.9 $1.5M 29k 50.41
iShares iBoxx $ High Yid Corp Bond (HYG) 0.9 $1.4M 16k 92.29
ProShares UltraShort 20+ Year Trea 0.9 $1.4M 88k 15.59
iShares MSCI Thailand Index Fund (THD) 0.9 $1.4M 18k 75.83
Nuveen Build Amer Bd Opptny 0.8 $1.3M 60k 22.05
PowerShares Build America Bond Portfolio 0.8 $1.2M 40k 30.07
Advisorshares Tr trimtabs flt (SURE) 0.5 $736k 21k 34.88
Streettracks Gold Tr gold 0.4 $681k 4.0k 171.88
iShares MSCI EMU Index (EZU) 0.4 $667k 22k 30.05
Nuveen Build Amer Bd (NBB) 0.4 $630k 29k 21.40
Powershares Etf Trust dyna buybk ach 0.4 $609k 20k 29.93
Vanguard Small-Cap ETF (VB) 0.3 $489k 6.1k 80.16
SPDR S&P Homebuilders (XHB) 0.2 $397k 16k 24.81
Market Vectors Gold Miners ETF 0.2 $381k 7.1k 53.66
Market Vectors Agribusiness 0.2 $342k 6.6k 51.82
Jp Morgan Alerian Mlp Index 0.2 $356k 8.8k 40.45
SPDR S&P Emerging Markets Small Cap (EWX) 0.2 $347k 7.8k 44.49
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.2 $339k 7.4k 45.81
iShares MSCI EAFE Growth Index (EFG) 0.2 $328k 5.8k 56.55
SPDR S&P Biotech (XBI) 0.2 $318k 3.4k 93.53
Db-x Funds Db-x 2030 Target 0.2 $300k 14k 22.26
Db-x Funds db-x 2020 target 0.2 $258k 11k 22.94
iShares MSCI Taiwan Index 0.1 $174k 13k 13.38
iShares MSCI Singapore Index Fund 0.1 $170k 13k 13.39