AHL Partners Portfolio holdings

AUM $6.41B

1-Year Return 23.13%

2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3

This Quarter Return

-1.43%

1 Year Return

+23.13%

3 Year Return

+67.91%

5 Year Return

–

10 Year Return

–

AUM

$1.29B

AUM Growth

–

Cap. Flow

+$1.29B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

6.32%

Holding

691

New

691

Increased

–

Reduced

–

Closed

–

Top Buys

1	iShares Core US Aggregate Bond ETF AGG	$19.7M
2	AMJ JP Morgan Alerian MLP Index ETN 5/24/24 AMJ	$10.4M
3	Invesco S&P 500 Low Volatility ETF SPLV	$9.01M
4	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$8.26M
5	United Parcel Service UPS	$5.88M

Top Sells

No sells this quarter

Sector Composition

1	Financials	26.06%
2	Healthcare	15.4%
3	Technology	12.62%
4	Industrials	9.85%
5	Consumer Staples	9.11%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
301	FNFV 301 DELISTED Fidelity Natl Financial, Inc. FNFV	$1.62M	0.13%	+154,361	New	+$1.62M
302	302 Magna International MGA $12.9B	$1.61M	0.12%	+33,942	New	+$1.61M
303	TE 303 DELISTED TECO ENERGY INC TE	$1.6M	0.12%	+92,223	New	+$1.6M
304	304 Capitol Federal Financial CFFN $846M	$1.59M	0.12%	+134,823	New	+$1.59M
305	AHL 305 DELISTED ASPEN Insurance Holding Limited AHL	$1.59M	0.12%	+37,262	New	+$1.59M
306	306 OSI Systems OSIS $3.93B	$1.58M	0.12%	+24,813	New	+$1.58M
307	307 MSCI MSCI $42.9B	$1.56M	0.12%	+33,071	New	+$1.56M
308	308 Southern Company SO $101B	$1.54M	0.12%	+35,284	New	+$1.54M
309	309 Zebra Technologies ZBRA $16B	$1.54M	0.12%	+21,640	New	+$1.54M
310	310 Werner Enterprises WERN $1.71B	$1.49M	0.12%	+59,189	New	+$1.49M
311	311 Aptiv APTV $17.5B	$1.46M	0.11%	+23,794	New	+$1.46M
312	312 AES AES $9.21B	$1.44M	0.11%	+101,826	New	+$1.44M
313	313 Cadence Bank CADE $7.04B	$1.42M	0.11%	+70,350	New	+$1.42M
314	314 American Water Works AWK $28B	$1.41M	0.11%	+29,163	New	+$1.41M
315	315 Essential Utilities WTRG $11B	$1.38M	0.11%	+58,812	New	+$1.38M
316	316 Harley-Davidson HOG $3.67B	$1.38M	0.11%	+23,714	New	+$1.38M
317	317 Ameriprise Financial AMP $46.1B	$1.37M	0.11%	+11,135	New	+$1.37M
318	318 NXP Semiconductors NXPI $57.2B	$1.37M	0.11%	+19,990	New	+$1.37M
319	ENH 319 DELISTED Endurance Specialty Holdings Ltd ENH	$1.35M	0.1%	+24,497	New	+$1.35M
320	320 Andersons Inc ANDE $1.42B	$1.35M	0.1%	+21,451	New	+$1.35M
321	ATML 321 DELISTED ATMEL CORP ATML	$1.34M	0.1%	+165,718	New	+$1.34M
322	322 Lear LEA $5.91B	$1.33M	0.1%	+15,424	New	+$1.33M
323	323 CDW CDW $22.2B	$1.33M	0.1%	+42,866	New	+$1.33M
324	324 DaVita DVA $9.86B	$1.32M	0.1%	+18,003	New	+$1.32M
325	ONIT 325 Onity Group Inc. ONIT $341M	$1.32M	0.1%	+3,354	New	+$1.32M