Sawtooth Asset Management

Sawtooth Asset Management as of Dec. 31, 2014

Portfolio Holdings for Sawtooth Asset Management

Sawtooth Asset Management holds 89 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 S&P 500 Growth Index (IVW) 7.3 $6.2M 55k 111.61
PowerShares QQQ Trust, Series 1 7.2 $6.1M 59k 103.25
SPDR Dow Jones Industrial Average ETF (DIA) 7.1 $6.0M 34k 177.88
iShares Lehman 7-10 Yr Treas. Bond (IEF) 4.5 $3.8M 36k 105.98
Health Care SPDR (XLV) 4.0 $3.4M 50k 68.38
iShares S&P 500 Index (IVV) 3.3 $2.8M 13k 206.89
iShares Dow Jones US Consumer Ser. (IYC) 3.0 $2.5M 18k 137.75
iShares Dow Jones US Healthcare (IYH) 3.0 $2.5M 17k 144.13
iShares Dow Jones US Technology (IYW) 3.0 $2.5M 24k 104.41
iShares Dow Jones US Consumer Goods (IYK) 2.9 $2.5M 23k 104.75
iShares Russell 2000 Index (IWM) 2.5 $2.1M 18k 119.63
iShares S&P MidCap 400 Index (IJH) 2.5 $2.1M 15k 144.79
iShares Lehman MBS Bond Fund (MBB) 2.4 $2.0M 18k 109.32
iShares iBoxx $ High Yid Corp Bond (HYG) 2.0 $1.7M 19k 89.59
Schwab Strategic Tr cmn (SCHV) 1.9 $1.6M 37k 44.09
First Trust Tech AlphaDEX Fnd (FXL) 1.9 $1.6M 46k 34.50
First Trust Financials AlphaDEX (FXO) 1.6 $1.4M 58k 23.27
First Trust Cnsumer Stapl Alpha (FXG) 1.6 $1.4M 32k 42.58
First Trust Cnsmer Disry Alpha Fnd (FXD) 1.6 $1.3M 37k 35.80
Technology SPDR (XLK) 1.6 $1.3M 32k 41.34
First Trust Utilities AlphaDEX Fnd (FXU) 1.5 $1.3M 51k 24.89
iShares Lehman 3-7 Yr Treasury Bond (IEI) 1.5 $1.3M 10k 122.27
Utilities SPDR (XLU) 1.2 $974k 21k 47.23
SPDR Barclays Capital High Yield B 1.1 $906k 24k 38.60
LKQ Corporation (LKQ) 0.9 $758k 27k 28.11
First Trust Value Line Dividend Indx Fnd (FVD) 0.9 $761k 32k 24.16
Spdr S&p 500 Etf (SPY) 0.9 $748k 3.6k 205.61
Swift Transportation Company 0.9 $727k 25k 28.63
Apple (AAPL) 0.8 $713k 6.5k 110.35
iShares Barclays Credit Bond Fund (USIG) 0.8 $717k 6.4k 111.86
Mid-America Apartment (MAA) 0.8 $668k 8.9k 74.68
Vanguard Emerging Markets ETF (VWO) 0.8 $655k 16k 40.04
iShares Silver Trust (SLV) 0.7 $621k 41k 15.07
SPDR Gold Trust (GLD) 0.7 $603k 5.3k 113.60
Vanguard Value ETF (VTV) 0.7 $601k 7.1k 84.48
Clean Harbors (CLH) 0.7 $575k 12k 48.07
Vanguard Europe Pacific ETF (VEA) 0.7 $553k 15k 37.91
Vanguard Lg Term Govt Bd ETF (VGLT) 0.7 $559k 7.2k 77.82
United Development Funding closely held st 0.7 $551k 30k 18.34
Advance Auto Parts (AAP) 0.6 $536k 3.4k 159.33
Vanguard Intermediate-Term Bond ETF (BIV) 0.6 $539k 6.4k 84.75
Mobile Mini 0.6 $520k 13k 40.53
Vanguard Sht Term Govt Bond ETF (VGSH) 0.6 $518k 8.5k 60.93
iShares Dow Jones US Real Estate (IYR) 0.6 $492k 6.4k 76.86
Vanguard Total Bond Market ETF (BND) 0.6 $485k 5.9k 82.33
iShares Lehman Aggregate Bond (AGG) 0.6 $479k 4.4k 110.09
Vanguard Small-Cap Value ETF (VBR) 0.6 $460k 4.3k 105.84
Vanguard Growth ETF (VUG) 0.6 $465k 4.5k 104.31
First Trust Large Cap Core Alp Fnd (FEX) 0.6 $463k 10k 45.58
Marten Transport (MRTN) 0.5 $441k 20k 21.87
Vanguard Small-Cap Growth ETF (VBK) 0.5 $435k 3.5k 125.98
Vanguard Mid-Cap Growth ETF (VOT) 0.5 $433k 4.3k 101.60
Vanguard Mid-Cap Value ETF (VOE) 0.5 $434k 4.8k 89.50
iShares MSCI Emerging Markets Indx (EEM) 0.5 $414k 11k 39.27
CenterState Banks 0.5 $402k 34k 11.91
Vanguard REIT ETF (VNQ) 0.5 $405k 5.0k 81.00
iShares Russell Microcap Index (IWC) 0.5 $389k 5.1k 77.03
Financial Select Sector SPDR (XLF) 0.4 $364k 15k 24.74
Powershares Senior Loan Portfo mf 0.4 $356k 15k 24.01
Dycom Industries (DY) 0.4 $330k 9.4k 35.10
iShares S&P 1500 Index Fund (ITOT) 0.4 $330k 3.5k 93.78
First Trust Health Care AlphaDEX (FXH) 0.4 $333k 5.5k 60.29
iShares S&P 500 Value Index (IVE) 0.4 $321k 3.4k 93.64
Powershares Etf Tr Ii s^p500 low vol 0.4 $318k 8.4k 37.97
Ishares High Dividend Equity F (HDV) 0.4 $322k 4.2k 76.48
Industrial SPDR (XLI) 0.3 $295k 5.2k 56.56
Alerian Mlp Etf 0.3 $296k 17k 17.52
iShares MSCI EAFE Index Fund (EFA) 0.3 $276k 4.5k 60.79
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.3 $273k 3.2k 84.39
inv grd crp bd (CORP) 0.3 $260k 2.5k 102.97
Atlas Air Worldwide Holdings 0.3 $236k 4.8k 49.20
ProShares Ultra MidCap400 (MVV) 0.3 $235k 3.2k 73.74
Polaris Industries (PII) 0.3 $224k 1.5k 150.94
Werner Enterprises (WERN) 0.3 $229k 7.3k 31.20
ProShares Ultra S&P500 (SSO) 0.3 $225k 1.8k 128.50
Spdr Series Trust cmn (HYMB) 0.3 $228k 4.0k 57.62
Amer Rlty Cap Healthcar Tr Icom us equities / etf's 0.3 $225k 19k 11.92
ProShares Ultra Russell2000 (UWM) 0.3 $216k 2.4k 90.60
Wisdomtree Tr em lcl debt (ELD) 0.3 $219k 5.3k 41.56
Vanguard Health Care ETF (VHT) 0.2 $210k 1.7k 125.67
Proshares Tr ultr 7-10 trea (UST) 0.2 $207k 3.7k 55.48
Spdr Short-term High Yield mf (SJNK) 0.2 $208k 7.2k 28.88
SPDR Dow Jones Global Real Estate (RWO) 0.2 $201k 4.2k 47.79
Rand Logistics 0.1 $96k 24k 3.94
Lionbridge Technologies 0.1 $58k 10k 5.75
Limelight Networks 0.0 $30k 11k 2.77
Iteris (ITI) 0.0 $18k 11k 1.71
Spar (SGRP) 0.0 $16k 11k 1.41
USD.001 Ibio 0.0 $7.0k 10k 0.70