Valmark Advisers, Inc. Q1 2016 Filing

Filed May 10, 2016

Portfolio Value

$4.0T

Holdings

Report Date

Q1 2016

Filing Type

13F-HR

All Holdings (69 positions)

#	Stock	Shares	Value	% Portfolio
1	VEUVANGUARD INTL EQUITY INDEX F	11,546,400	$498.2B	12.50%
2	IVEISHARES TR	4,997,162	$449.4B	11.28%
3	IVWISHARES TR	3,588,020	$415.8B	10.43%
4	IJHISHARES TR	2,255,321	$325.2B	8.16%
5	IJRISHARES TR	2,871,482	$323.2B	8.11%
6	TDTTFLEXSHARES TR	9,355,542	$231.6B	5.81%
7	LQDISHARES TR	1,571,526	$186.7B	4.69%
8	VWOVANGUARD INTL EQUITY INDEX F	5,157,602	$178.3B	4.48%
9	HYGISHARES TR	2,041,821	$166.8B	4.19%
10	IEIISHARES TR	1,060,470	$133.6B	3.35%
11	GUNRFLEXSHARES TR	5,482,818	$132.7B	3.33%
12	RWXSPDR INDEX SHS FDS	2,869,189	$119.0B	2.98%
13	SPSBSPDR SERIES TRUST	3,804,598	$116.5B	2.92%
14	ELDWISDOMTREE TR	2,746,805	$101.1B	2.54%
15	STPZPIMCO ETF TR	1,921,042	$100.6B	2.52%
16	RWRSPDR SERIES TRUST	990,143	$94.2B	2.36%
17	VSSVANGUARD INTL EQUITY INDEX F	848,645	$79.2B	1.99%
18	—POWERSHARES ETF TRUST II	2,539,464	$57.7B	1.45%
19	SHYISHARES TR	659,374	$56.1B	1.41%
20	—CLAYMORE EXCHANGE TRD FD TR	2,228,145	$51.4B	1.29%
21	BNDXVANGUARD CHARLOTTE FDS	616,733	$33.6B	0.84%
22	VDEVANGUARD WORLD FDS	296,679	$25.5B	0.64%
23	VAWVANGUARD WORLD FDS	257,267	$25.3B	0.63%
24	FLOTISHARES TR	344,965	$17.4B	0.44%
25	ITOTISHARES TR	171,386	$16.0B	0.40%
26	BSVVANGUARD BD INDEX FD INC	101,088	$8.2B	0.20%
27	HYSPIMCO ETF TR	68,517	$6.4B	0.16%
28	DGSWISDOMTREE TR	142,280	$5.4B	0.13%
29	SHWSHERWIN WILLIAMS CO	16,380	$4.7B	0.12%
30	MINTPIMCO ETF TR	45,174	$4.6B	0.11%
31	VEAVANGUARD TAX MANAGED INTL FD	43,692	$1.6B	0.04%
32	TFISPDR SER TR	29,918	$1.5B	0.04%
33	MUBISHARES TR	12,804	$1.4B	0.04%
34	VXFVANGUARD INDEX FDS	16,742	$1.4B	0.03%
35	—SPDR SERIES TRUST	25,300	$1.2B	0.03%
36	SCHDSCHWAB STRATEGIC TR	22,911	$919.0M	0.02%
37	SLYGSPDR SERIES TRUST	5,137	$888.0M	0.02%
38	AAPLAPPLE INC	7,787	$849.0M	0.02%
39	VIGVANGUARD SPECIALIZED PORTFOL	10,147	$824.0M	0.02%
40	AQLTISHARES TR	7,926	$647.0M	0.02%
41	—ISHARES	22,278	$589.0M	0.01%
42	—ISHARES	20,986	$575.0M	0.01%
43	GNRSPDR INDEX SHS FDS	15,577	$545.0M	0.01%
44	SUBISHARES TR	4,957	$526.0M	0.01%
45	—ISHARES TR	20,521	$525.0M	0.01%
46	ILMNILLUMINA INC	2,976	$482.0M	0.01%
47	DTHWISDOMTREE TR	12,862	$480.0M	0.01%
48	PFFISHARES TR	11,943	$466.0M	0.01%
49	SHMSPDR SER TR	8,548	$417.0M	0.01%
50	XLUSELECT SECTOR SPDR TR	8,117	$403.0M	0.01%
51	BRK/BBERKSHIRE HATHAWAY INC DEL	2,774	$394.0M	0.01%
52	DONSPDR DOW JONES INDL AVRG ETF	2,082	$368.0M	0.01%
53	DEMWISDOMTREE TR	9,276	$323.0M	0.01%
54	DONWISDOMTREE TR	3,625	$312.0M	0.01%
55	MCDMCDONALDS CORP	2,445	$307.0M	0.01%
56	XOMEXXON MOBIL CORP	3,524	$295.0M	0.01%
57	DESWISDOMTREE TR	4,273	$294.0M	0.01%
58	VGTVANGUARD WORLD FDS	2,591	$284.0M	0.01%
59	GEGENERAL ELECTRIC CO	8,701	$277.0M	0.01%
60	EEMISHARES TR	7,970	$273.0M	0.01%
61	DLNWISDOMTREE TR	3,538	$260.0M	0.01%
62	CWBSPDR SERIES TRUST	5,931	$256.0M	0.01%
63	SPYSPDR S&P 500 ETF TR	1,047	$215.0M	0.01%
64	DWMWISDOMTREE TR	4,595	$210.0M	0.01%
65	WIPSPDR SERIES TRUST	3,783	$205.0M	0.01%
66	SJNKSPDR SER TR	7,945	$205.0M	0.01%
67	—MARKET VECTORS ETF TR	6,371	$200.0M	0.01%
68	—TEEKAY LNG PARTNERS L P	11,231	$142.0M	0.00%
69	CEFCENTRAL FD CDA LTD	10,826	$130.0M	0.00%