Instuitional Investor - Valmark Advisers, Inc.

Fund Profile
Filing Period:
Fund Name: Valmark Advisers, Inc.
Portfolio Value $6,629,581,405
Filing Period:
No. Security Ticker Shares Value % Port
1.
Vanguard Tax-Managed Fds
11,740,187 $596,753,690 9%
2.
Spdr Series Trust
7,945,035 $405,752,938 6.12%
3.
Spdr Series Trust
4,744,344 $381,302,909 5.75%
4.
Spdr Series Trust
6,369,152 $325,973,188 4.92%
5.
Vanguard Malvern Fds
5,999,869 $299,393,478 4.52%