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
351	351 NVR NVR $23.5B	$1.02M	0.08%	+904	New	+$1.02M
352	352 Home Depot HD $417B	$1.02M	0.08%	+11,092	New	+$1.02M
353	353 Comcast CMCSA $125B	$1.02M	0.08%	+37,732	New	+$1.02M
354	354 Lowe's Companies LOW $151B	$992K	0.08%	+18,741	New	+$992K
355	355 St. Joe Company JOE $2.96B	$991K	0.08%	+49,699	New	+$991K
356	356 Johnson Controls International JCI $69.5B	$978K	0.08%	+21,218	New	+$978K
357	357 Leggett & Platt LEG $1.35B	$973K	0.08%	+27,865	New	+$973K
358	358 AutoZone AZO $70.6B	$972K	0.08%	+1,908	New	+$972K
359	359 Buckle BKE $3.03B	$968K	0.08%	+21,335	New	+$968K
360	360 Dillards DDS $9B	$965K	0.07%	+8,857	New	+$965K
361	HSNI 361 DELISTED HSN, Inc. HSNI	$963K	0.07%	+15,688	New	+$963K
362	362 Walt Disney DIS $212B	$960K	0.07%	+10,779	New	+$960K
363	363 Omnicom Group OMC $15.4B	$954K	0.07%	+13,857	New	+$954K
364	TWX 364 DELISTED Time Warner Inc TWX	$937K	0.07%	+12,455	New	+$937K
365	365 Boston Scientific BSX $159B	$926K	0.07%	+78,378	New	+$926K
366	JWN 366 DELISTED Nordstrom JWN	$921K	0.07%	+13,476	New	+$921K
367	367 Garmin GRMN $45.7B	$920K	0.07%	+17,695	New	+$920K
368	368 Skyworks Solutions SWKS $11.2B	$903K	0.07%	+15,560	New	+$903K
369	369 John Wiley & Sons Class A WLY $2.13B	$899K	0.07%	+16,031	New	+$899K
370	370 UMB Financial UMBF $9.45B	$897K	0.07%	+16,449	New	+$897K
371	371 Steris STE $24.2B	$894K	0.07%	+16,575	New	+$894K
372	372 Newell Brands NWL $2.68B	$887K	0.07%	+25,784	New	+$887K
373	ICON 373 DELISTED Iconix Brand Group, Inc. ICON	$887K	0.07%	+2,400	New	+$887K
374	GAP 374 The Gap, Inc. GAP $8.83B	$886K	0.07%	+21,245	New	+$886K
375	PBCT 375 DELISTED People's United Financial Inc PBCT	$886K	0.07%	+61,247	New	+$886K