Instuitional Investor - Valmark Advisers, Inc.

Fund Profile
Filing Period:
Fund Name: Valmark Advisers, Inc.
Portfolio Value $8,114,688,990
Filing Period:
No. Security Ticker Shares Value % Port
1.
Vanguard Tax-Managed Fds
11,930,938 $745,325,726 9.18%
2.
Spdr Series Trust
4,661,198 $497,349,848 6.13%
3.
Spdr Series Trust
8,740,145 $496,527,636 6.12%
4.
Spdr Series Trust
7,041,736 $407,786,907 5.03%
5.
Vanguard Index Fds - S&P 500 ETF SHS
579,503 $363,423,991 4.48%