Instuitional Investor - Valmark Advisers, Inc.

Fund Profile
Filing Period:
Fund Name: Valmark Advisers, Inc.
Portfolio Value $7,739,460,576
Filing Period:
No. Security Ticker Shares Value % Port
1.
Vanguard Tax-Managed Fds
11,756,315 $704,438,374 9.1%
2.
Spdr Series Trust
4,645,016 $485,450,643 6.27%
3.
Spdr Series Trust
8,508,257 $470,761,884 6.08%
4.
Spdr Series Trust
6,837,085 $391,012,880 5.05%
5.
Vanguard Index Fds - S&P 500 ETF SHS
566,109 $346,673,919 4.48%