ValMark Advisers

ValMark Advisers as of Sept. 30, 2011

Portfolio Holdings for ValMark Advisers

ValMark Advisers holds 35 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Barclays TIPS Bond Fund (TIP) 11.8 $64M 564k 114.29
Vanguard FTSE All-World ex-US ETF (VEU) 10.7 $58M 1.5M 38.71
iShares S&P 500 Growth Index (IVW) 10.0 $54M 886k 61.23
iShares S&P 500 Value Index (IVE) 9.7 $53M 1.0M 51.57
iShares S&P MidCap 400 Index (IJH) 8.7 $48M 610k 77.97
iShares S&P SmallCap 600 Index (IJR) 7.0 $38M 656k 58.52
iShares IBoxx $ Invest Grade Corp Bd (LQD) 6.7 $36M 323k 112.31
iShares iBoxx $ High Yid Corp Bond (HYG) 4.4 $24M 292k 82.81
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.7 $20M 193k 105.07
Spdr Index Shs Fds s^p global nat res (GNR) 3.7 $20M 443k 45.55
SPDR DB Int'l Govt Infl Pro Bond (WIP) 3.5 $19M 337k 57.21
SPDR DJ International Real Estate ETF (RWX) 2.6 $14M 444k 32.04
SPDR DJ Wilshire REIT (RWR) 2.3 $12M 218k 56.49
Wisdomtree Tr em lcl debt (ELD) 2.2 $12M 248k 48.10
Vanguard Emerging Markets ETF (VWO) 2.0 $11M 301k 35.82
Claymore Beacon Global Timber Index 1.8 $9.7M 612k 15.92
Vanguard FTSE All Wld Ex USSml Cap (VSS) 1.8 $9.7M 124k 78.43
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 1.6 $8.9M 295k 30.32
First Trust BICK Index Fund ETF 1.4 $7.4M 338k 22.00
Powershares Senior Loan Portfo mf 1.3 $7.1M 310k 23.00
iShares S&P US Pref Stock Idx Fnd (PFF) 0.6 $3.0M 85k 35.61
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.4 $2.2M 26k 84.60
Vanguard Europe Pacific ETF (VEA) 0.4 $1.9M 64k 30.13
First Trust ISE ChIndia Index Fund 0.3 $1.5M 83k 18.58
SPDR Nuveen Barclays Capital Municpl Bnd 0.2 $1.4M 59k 23.40
Sherwin-Williams Company (SHW) 0.2 $1.2M 16k 74.32
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.2 $1.1M 11k 106.69
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.2 $900k 37k 24.36
Vanguard Energy ETF (VDE) 0.1 $585k 6.8k 86.13
Vanguard Materials ETF (VAW) 0.1 $531k 8.3k 64.27
Merck & Co (MRK) 0.1 $430k 13k 32.67
SPDR Gold Trust (GLD) 0.1 $375k 2.4k 158.09
iShares Dow Jones Select Dividend (DVY) 0.1 $321k 6.7k 48.20
International Business Machines (IBM) 0.1 $282k 1.6k 174.94
Procter & Gamble Company (PG) 0.0 $230k 3.6k 63.22