ASPEN INVESTMENT MANAGEMENT INC Information

4020 E BELTLINE NE SUITE 103, GRAND RAPIDS, Michigan, 49525, (616) 361-2500

Report Date: 06/30/2014

Position Statistics

Total Positions 141
New Positions 18
Increased Positions 61
Decreased Positions 64
Positions with Activity 125
Sold Out Positions 6
Total Mkt Value (in $ millions) 163

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

Sector Weighting

Basic Materials 1.52%
Capital Goods 1.64%
Conglomerates 0.63%
Consumer Cyclical 1.45%
Consumer/Non-Cyclical 3.42%
Energy 14.99%
Financial 46.3%
Healthcare 7.21%
Services 10.27%
Technology 7.88%
Transportation 0.91%
Utilities 1.09%

141 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
INTEROIL CORP COM 14,782 -134 (0.9) 253,458
SPDR SERIES TRUST S&P DIVID ETF 6,314 -489 (7.19) 82,327
ISHARES INTERM CR BD ETF 5,881 517 9.64 53,802
PIMCO ETF TR 0-5 HIGH YIELD 4,516 253 5.95 43,059
POWERSHARES ETF TRUST II SENIOR LN PORT 3,876 6 .16 158,383
ISHARES TR CORE S&P SCP ETF 3,805 New 35,029
SPDR S&P 500 ETF TR TR UNIT 3,764 -679 (15.29) 18,776
WASTE MGMT INC DEL COM 3,565 -54 (1.49) 75,440
FIRST TR LRG CP VL ALPHADEX FD COM SHS 3,181 -324 (9.23) 72,428
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 3,034 261 9.41 67,973
ISHARES U.S. PFD STK ETF 3,001 -62 (2.02) 76,490
ISHARES TR CORE MSCI EAFE 2,788 221 8.61 46,409
MICROSOFT CORP COM 2,518 2 .09 53,853
EXXON MOBIL CORP COM 2,365 -83 (3.4) 24,272
GENERAL ELECTRIC CO COM 2,356 -84 (3.44) 89,902
JOHNSON & JOHNSON COM 2,307 7 .32 21,790
ISHARES TR RUSSELL 2000 ETF 2,222 -437 (16.42) 19,416
WISDOMTREE TR SMALLCAP DIVID 2,221 -151 (6.38) 32,601
VANGUARD INDEX FDS REIT ETF 2,199 119 5.72 29,625
ISHARES TR MSCI EAFE ETF 2,173 -83 (3.67) 32,848