VALMARK ADVISERS, INC. Information

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

Report Date: 03/31/2013

Position Statistics:

Total Positions 55
New Positions 8
Increased Positions 46
Decreased Positions 8
Positions with Activity 54
Sold Out Positions 0
Total Mkt Value
(in $ millions)
2,758

Sector Weighting

Basic Materials 0.17%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.01%
Energy 0.01%
Financial 94.59%
Healthcare
Services
Technology 0.02%
Transportation
Utilities 0.01%

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

46 INCREASED Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US 338,227 43,846 14.89 6,936,564
ISHARES TR S&P500 GRW 285,401 26,369 10.18 3,241,357
ISHARES TR S&P 500 VALUE 271,819 21,620 8.64 3,462,658
ISHARES TR CORE S&P MCP ETF 267,928 18,351 7.35 2,213,550
ISHARES TR CORE S&P SCP ETF 223,408 12,431 5.89 2,427,034
FLEXSHARES TR IBOXX 3R TARGT 142,951 44,611 45.37 5,645,782
ISHARES TR IBOXX INV CPBD 131,752 19,283 17.15 1,097,108
ISHARES TR HIGH YLD CORP 114,297 14,265 14.26 1,197,328
SPDR INDEX SHS FDS DJ INTL RL ETF 83,410 10,525 14.44 1,828,357
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 78,616 25,382 47.68 1,785,920
SPDR INDEX SHS FDS GLB NAT RESRCE 74,724 10,679 16.67 1,503,808
WISDOMTREE TR EM LCL DEBT FD 71,674 13,030 22.22 1,351,822
ISHARES TR BARCLYS 3-7 YR 68,495 10,475 18.05 555,517
SPDR SERIES TRUST DJ REIT ETF 68,235 8,101 13.47 801,535
SPDR SERIES TRUST BARCLYS TIPS ETF 61,230 11,131 22.22 1,032,892
SPDR SERIES TRUST BARC SHT TR CP 59,343 10,488 21.47 1,927,975
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 53,995 6,675 14.11 553,336
CLAYMORE EXCHANGE TRD FD TR 2 GUGG TIMBER ETF 51,448 3,576 7.47 2,209,952
PIMCO ETF TR 1-5 US TIP IDX 48,783 48,783 New 909,120
POWERSHARES ETF TRUST II SENIOR LN PORT 42,272 9,851 30.38 1,676,777

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