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) 4,473

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 88.39%
Healthcare
Services
Technology 0.04%
Transportation
Utilities 0.01%

28 INCREASED 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 592,148 43,215 7.87 11,549,607
FLEXSHARES TR IBOXX 3R TARGT 330,148 13,555 4.28 13,420,651
ISHARES TR IBOXX INV CP ETF 204,595 4,376 2.19 1,678,525
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 191,820 10,570 5.83 4,317,342
ISHARES IBOXX HI YD ETF 187,287 10,040 5.67 2,051,116
FLEXSHARES TR MORNSTAR UPSTR 146,601 36,148 32.73 4,629,004
PIMCO ETF TR 1-5 US TIP IDX 142,453 10,594 8.03 2,724,283
SPDR INDEX SHS FDS DJ INTL RL ETF 137,502 4,363 3.28 3,056,286
SPDR SERIES TRUST BARC SHT TR CP 124,619 44,149 54.86 4,055,272
WISDOMTREE TR EM LCL DEBT FD 108,965 9,791 9.87 2,657,687
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 92,692 8,150 9.64 883,962
ISHARES 3-7 YR TR BD ETF 91,251 2,351 2.65 732,589
POWERSHARES ETF TRUST II SENIOR LN PORT 61,939 2,792 4.72 2,557,344
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 32,617 32,617 New 602,451
VANGUARD WORLD FDS ENERGY ETF 29,664 5,505 22.79 254,037
VANGUARD WORLD FDS MATERIALS ETF 28,904 1,709 6.29 260,913
WISDOMTREE TR EMG MKTS SMCAP 24,713 2,327 10.40 525,811
ISHARES TR FLTG RATE BD ETF 18,393 669 3.77 363,207
ISHARES TR 1-3 YR TR BD ETF 7,998 108 1.37 94,143
PIMCO ETF TR ENHAN SHRT MA AC 6,339 1,905 42.96 62,602