DISCRETIONARY MANAGEMENT SERVICES, LLC Information

6700 ANTIOCH ROAD, MERRIAM, Kansas, 66204, (913) 981-1345

Report Date: 12/31/2014

Position Statistics

Total Positions 9
New Positions 2
Increased Positions 4
Decreased Positions 5
Positions with Activity 9
Sold Out Positions 1
Total Mkt Value (in $ millions) 24

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

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 100%
Healthcare
Services
Technology
Transportation
Utilities

9 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 5,180 -1,263 (19.6) 64,400
SPDR S&P 500 ETF TR TR UNIT 4,532 4,532 New 21,545
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 3,772 -2,021 (34.88) 46,483
POWERSHARES ETF TRUST II SENIOR LN PORT 3,731 535 16.75 154,065
ISHARES JP MOR EM MK ETF 3,076 -965 (23.88) 27,100
ISHARES TR RUSSELL 2000 ETF 2,774 2,774 New 21,930
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 490 304 163.79 7,650
ISHARES TR CORE S&P MCP ETF 444 -153 (25.64) 2,900
VANGUARD MALVERN FDS STRM INFPROIDX -283 Sold Out 0