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
501	501 Marathon Petroleum MPC $54.8B	$464K	0.04%	+10,950	New	+$464K
502	502 Cintas CTAS $82.4B	$463K	0.04%	+26,244	New	+$463K
503	LVNTA 503 DELISTED Liberty Interactive Corporation Series A Liberty Ventures LVNTA	$463K	0.04%	+12,193	New	+$463K
504	504 International Paper IP $25.7B	$462K	0.04%	+10,225	New	+$462K
505	505 Polaris PII $3.33B	$461K	0.04%	+3,077	New	+$461K
506	LLL 506 DELISTED L3 Technologies, Inc. LLL	$461K	0.04%	+3,879	New	+$461K
507	507 Travel + Leisure Co TNL $4.08B	$456K	0.04%	+12,424	New	+$456K
508	508 Accenture ACN $159B	$455K	0.04%	+5,591	New	+$455K
509	HAR 509 DELISTED Harman International Industries HAR	$452K	0.04%	+4,606	New	+$452K
510	510 RB Global RBA $21.4B	$451K	0.04%	+20,163	New	+$451K
511	511 DuPont de Nemours DD $32.6B	$450K	0.03%	+4,249	New	+$450K
512	512 Caterpillar CAT $198B	$448K	0.03%	+4,519	New	+$448K
513	513 Mercury Insurance MCY $4.29B	$442K	0.03%	+9,046	New	+$442K
514	514 Booz Allen Hamilton BAH $12.6B	$441K	0.03%	+18,854	New	+$441K
515	515 AbbVie ABBV $375B	$437K	0.03%	+7,559	New	+$437K
516	516 Dine Brands DIN $364M	$437K	0.03%	+5,356	New	+$437K
517	517 Fossil Group FOSL $165M	$437K	0.03%	+4,650	New	+$437K
518	518 News Corp Class A NWSA $16.6B	$433K	0.03%	+26,506	New	+$433K
519	519 Skechers SKX $9.5B	$432K	0.03%	+24,294	New	+$432K
520	DST 520 DELISTED DST Systems Inc. DST	$432K	0.03%	+10,304	New	+$432K
521	SIRO 521 DELISTED SIRONA DENTAL SYSTEMS INC COM STK SIRO	$429K	0.03%	+5,591	New	+$429K
522	INFO 522 DELISTED IHS Markit Ltd. Common Shares INFO	$428K	0.03%	+18,322	New	+$428K
523	523 Albemarle ALB $9.6B	$427K	0.03%	+7,256	New	+$427K
524	524 Jack Henry & Associates JKHY $11.8B	$427K	0.03%	+7,679	New	+$427K
525	525 Ovintiv OVV $10.6B	$427K	0.03%	+4,025	New	+$427K