ValMark Advisers

Valmark Advisers as of Dec. 31, 2014

Portfolio Holdings for Valmark Advisers

Valmark Advisers holds 54 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
Vanguard FTSE All-World ex-US ETF (VEU) 12.6 $541M 12M 46.86
iShares S&P 500 Value Index (IVE) 11.5 $494M 5.3M 93.77
iShares S&P 500 Growth Index (IVW) 10.6 $456M 4.1M 111.60
iShares S&P MidCap 400 Index (IJH) 8.3 $357M 2.5M 144.80
iShares S&P SmallCap 600 Index (IJR) 8.3 $356M 3.1M 114.06
Flexshares Tr iboxx 3r targt (TDTT) 7.6 $326M 13M 24.29
iShares IBoxx $ Invest Grade Corp Bd (LQD) 4.7 $200M 1.7M 119.41
iShares iBoxx $ High Yid Corp Bond (HYG) 4.3 $184M 2.1M 89.60
Vanguard Emerging Markets ETF (VWO) 4.0 $173M 4.3M 40.02
Flexshares Tr mornstar upstr (GUNR) 3.3 $142M 4.6M 30.62
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 3.3 $141M 2.7M 51.73
SPDR DJ International Real Estate ETF (RWX) 3.0 $127M 3.1M 41.57
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 2.9 $124M 4.1M 30.58
Wisdomtree Tr em lcl debt (ELD) 2.6 $111M 2.7M 41.60
SPDR DJ Wilshire REIT (RWR) 2.3 $100M 1.1M 90.90
iShares Lehman 3-7 Yr Treasury Bond (IEI) 2.1 $90M 733k 122.31
Vanguard FTSE All Wld Ex USSml Cap (VSS) 2.0 $84M 884k 95.31
Powershares Senior Loan Portfo mf 1.4 $62M 2.6M 24.03
Claymore Beacon Global Timber Index 1.3 $57M 2.4M 24.24
Vanguard Charlotte Fds intl bd idx etf (BNDX) 0.8 $32M 603k 53.11
Vanguard Energy ETF (VDE) 0.7 $28M 254k 111.62
Vanguard Materials ETF (VAW) 0.7 $28M 261k 107.39
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.5 $23M 526k 43.16
Ishares Tr fltg rate nt (FLOT) 0.4 $18M 363k 50.54
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.2 $8.0M 94k 84.45
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.1 $6.3M 63k 101.07
Sherwin-Williams Company (SHW) 0.1 $6.1M 23k 263.04
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $3.9M 38k 100.82
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.1 $2.4M 42k 56.95
Vanguard Europe Pacific ETF (VEA) 0.0 $1.8M 46k 37.88
SPDR Nuveen Barclays Capital Municpl Bnd 0.0 $1.6M 68k 24.17
Spdr Index Shs Fds s^p global nat res (GNR) 0.0 $1.8M 41k 43.99
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $1.4M 13k 110.36
Apple (AAPL) 0.0 $685k 6.2k 110.43
iShares Dow Jones Select Dividend (DVY) 0.0 $660k 8.3k 79.38
Spdr Short-term High Yield mf (SJNK) 0.0 $823k 29k 28.92
iShares MSCI Emerging Markets Indx (EEM) 0.0 $406k 10k 39.31
Exxon Mobil Corporation (XOM) 0.0 $297k 3.2k 92.32
General Electric Company 0.0 $268k 11k 25.28
International Business Machines (IBM) 0.0 $276k 1.7k 160.65
Illumina (ILMN) 0.0 $549k 3.0k 184.48
Utilities SPDR (XLU) 0.0 $383k 8.1k 47.18
Vanguard Total Stock Market ETF (VTI) 0.0 $360k 3.4k 106.04
Vanguard Dividend Appreciation ETF (VIG) 0.0 $441k 5.4k 81.16
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.0 $574k 24k 24.30
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.0 $412k 3.9k 106.02
iShares S&P US Pref Stock Idx Fnd (PFF) 0.0 $477k 12k 39.42
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $262k 3.5k 74.05
iShares 2015 S&P AMT-Free Mun Ser ETF 0.0 $450k 8.5k 52.67
iShares 2016 S&P AMT-Free Mun Ser ETF 0.0 $522k 9.8k 53.32
Ishares Tr 2017 s^p amtfr 0.0 $520k 9.5k 54.88
Kinder Morgan (KMI) 0.0 $386k 9.1k 42.26
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $211k 6.3k 33.67
Pengrowth Energy Corp 0.0 $31k 10k 3.10