AMERICAN INDEPENDENCE FINANCIAL SERVICES LLC Information

225 WEST 34TH STREET, New York, New York, 10122, (646) 747-3475

Report Date: 03/31/2015

Position Statistics

Total Positions 65
New Positions 15
Increased Positions 23
Decreased Positions 42
Positions with Activity 65
Sold Out Positions 4
Total Mkt Value (in $ millions) 101

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.86%
Capital Goods 2.13%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 0.78%
Energy 3.28%
Financial 78.41%
Healthcare 4.68%
Services 4.83%
Technology 2.61%
Transportation
Utilities

65 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 14,747 6,512 79.07 53,866
SPDR S&P 500 ETF TR TR UNIT 8,453 -415 (4.68) 40,775
ISHARES U.S. PFD STK ETF 4,304 396 10.14 110,089
WISDOMTREE TR EUROPE HEDGED EQ 4,152 415 11.10 66,959
ISHARES TR US HLTHCARE ETF 4,069 -959 (19.08) 25,511
ISHARES TR U.S. TECH ETF 3,764 -721 (16.08) 35,761
ISHARES MSCI EURZONE ETF 2,997 2,997 New 79,555
ISHARES MRG RL ES CP ETF 2,733 -660 (19.45) 255,461
ISHARES TR HDG MSCI JAPAN 2,603 -229 (8.1) 81,534
POWERSHARES ETF TR II BUILD AMER ETF 2,223 -1,077 (32.64) 77,473
ISHARES IBOXX HI YD ETF 2,056 184 9.85 23,161
WISDOMTREE TR JAPN HEDGE EQT 1,893 142 8.11 32,748
ISHARES MSCI JAPAN ETF 1,660 1,660 New 128,687
SELECT SECTOR SPDR TR SBI CONS DISCR 1,617 1,617 New 20,950
CITIGROUP INC COM NEW 1,612 -542 (25.17) 29,108
CAPITAL ONE FINL CORP COM 1,589 -447 (21.96) 17,987
ISHARES MBS ETF 1,567 1,567 New 14,462
ISHARES GOLD TRUST ISHARES 1,556 1,556 New 138,064
ISHARES TR CORE S&P SCP ETF 1,555 468 43.00 13,212
ISHARES MSCI SPAN CP ETF 1,527 1,527 New 45,552