VALMARK ADVISERS, INC. Information

130 SPRINGSIDE DRIVE, AKRON, Ohio, 44333, (330) 576-1234

Report Date: 12/31/2014

Position Statistics

Total Positions 57
New Positions 5
Increased Positions 28
Decreased Positions 21
Positions with Activity 49
Sold Out Positions 3
Total Mkt Value (in $ millions) 4,361

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

Sector Weighting

Basic Materials 0.15%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0%
Energy 0.01%
Financial 88.35%
Healthcare
Services
Technology 0.04%
Transportation
Utilities 0.01%

57 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US 566,277 41,327 7.87 11,549,607
ISHARES TR S&P 500 VAL ETF 484,004 -11,323 (2.29) 5,267,779
ISHARES TR S&P 500 GRWT ETF 464,693 -17,527 (3.64) 4,081,625
ISHARES TR CORE S&P MCP ETF 370,955 -8,809 (2.32) 2,466,128
ISHARES TR CORE S&P SCP ETF 364,842 -15,122 (3.98) 3,116,443
FLEXSHARES TR IBOXX 3R TARGT 327,195 13,434 4.28 13,420,651
ISHARES TR IBOXX INV CP ETF 203,572 4,354 2.19 1,678,525
ISHARES IBOXX HI YD ETF 185,564 9,948 5.67 2,051,116
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 173,039 9,535 5.83 4,317,342
PIMCO ETF TR 1-5 US TIP IDX 141,254 10,504 8.03 2,724,283
FLEXSHARES TR MORNSTAR UPSTR 138,685 34,196 32.73 4,629,004
SPDR INDEX SHS FDS DJ INTL RL ETF 134,477 4,267 3.28 3,056,286
SPDR SERIES TRUST BARC SHT TR CP 124,375 44,063 54.86 4,055,272
WISDOMTREE TR EM LCL DEBT FD 105,563 9,485 9.87 2,657,687
SPDR SERIES TRUST DJ REIT ETF 103,223 -10,763 (9.44) 1,097,649
ISHARES 3-7 YR TR BD ETF 90,738 2,338 2.65 732,589
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 88,016 7,739 9.64 883,962
POWERSHARES ETF TRUST II SENIOR LN PORT 61,479 2,771 4.72 2,557,344
CLAYMORE EXCHANGE TRD FD TR 2 GUGG TIMBER ETF 60,613 -20,915 (25.65) 2,366,582
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 32,496 32,496 New 602,451