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
426	426 Helen of Troy HELE $587M	$644K	0.05%	+12,255	New	+$644K
427	CVA 427 DELISTED Covanta Holding Corporation CVA	$644K	0.05%	+30,367	New	+$644K
428	428 Littelfuse LFUS $6.51B	$643K	0.05%	+7,554	New	+$643K
429	429 Sally Beauty Holdings SBH $1.44B	$641K	0.05%	+23,409	New	+$641K
430	430 Ball Corp BALL $13.9B	$636K	0.05%	+20,100	New	+$636K
431	431 Ford F $46.7B	$633K	0.05%	+42,807	New	+$633K
432	TEN 432 DELISTED Tenneco Inc. Class A Voting Common Stock TEN	$633K	0.05%	+12,105	New	+$633K
433	433 Pool Corp POOL $12.4B	$632K	0.05%	+11,715	New	+$632K
434	434 AutoNation AN $8.55B	$630K	0.05%	+12,524	New	+$630K
435	EFII 435 DELISTED Electronics for Imaging EFII	$628K	0.05%	+14,210	New	+$628K
436	KRFT 436 DELISTED KRAFT FOODS GROUP INC COM STK (VA) KRFT	$622K	0.05%	+11,025	New	+$622K
437	437 Northrop Grumman NOC $83.2B	$621K	0.05%	+4,710	New	+$621K
438	438 American Axle AXL $706M	$619K	0.05%	+36,924	New	+$619K
439	439 Steven Madden SHOO $2.2B	$617K	0.05%	+28,718	New	+$617K
440	440 Tapestry TPR $21.7B	$607K	0.05%	+17,038	New	+$607K
441	441 IBM IBM $232B	$602K	0.05%	+3,317	New	+$602K
442	442 Microsoft MSFT $3.68T	$599K	0.05%	+12,912	New	+$599K
443	443 Align Technology ALGN $10.1B	$596K	0.05%	+11,529	New	+$596K
444	444 Dollar General DG $24.1B	$593K	0.05%	+9,710	New	+$593K
445	445 Pultegroup PHM $27.7B	$588K	0.05%	+33,312	New	+$588K
446	446 Sensient Technologies SXT $4.79B	$587K	0.05%	+11,222	New	+$587K
447	447 Illinois Tool Works ITW $77.6B	$578K	0.04%	+6,851	New	+$578K
448	CHS 448 DELISTED Chicos FAS, Inc. CHS	$578K	0.04%	+39,119	New	+$578K
449	RTN 449 DELISTED Raytheon Company RTN	$576K	0.04%	+5,666	New	+$576K
450	450 Amdocs DOX $9.46B	$575K	0.04%	+12,524	New	+$575K