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
651	BHI 651 DELISTED Baker Hughes BHI	$243K	0.02%	+3,734	New	+$243K
652	ATVI 652 DELISTED Activision Blizzard Inc. ATVI	$243K	0.02%	+11,677	New	+$243K
653	653 Agilent Technologies A $36.5B	$242K	0.02%	+5,946	New	+$242K
654	PWE 654 DELISTED Penn West Energy Petroleum Ltd PWE	$242K	0.02%	+35,883	New	+$242K
655	655 Clearway Energy Class C CWEN $3.38B	$241K	0.02%	+10,252	New	+$241K
656	656 Teck Resources TECK $16.8B	$239K	0.02%	+12,658	New	+$239K
657	657 Gilead Sciences GILD $143B	$238K	0.02%	+2,233	New	+$238K
658	658 Reliance Steel & Aluminium RS $15.7B	$238K	0.02%	+3,482	New	+$238K
659	659 Revvity RVTY $10.1B	$235K	0.02%	+5,398	New	+$235K
660	660 Rockwell Automation ROK $38.2B	$234K	0.02%	+2,129	New	+$234K
661	ARG 661 DELISTED AIRGAS INC ARG	$234K	0.02%	+2,116	New	+$234K
662	662 HF Sinclair DINO $9.56B	$233K	0.02%	+5,340	New	+$233K
663	663 CF Industries CF $13.7B	$231K	0.02%	+4,130	New	+$231K
664	664 Jack in the Box JACK $386M	$231K	0.02%	+3,384	New	+$231K
665	665 Aon AON $79.9B	$227K	0.02%	+2,585	New	+$227K
666	ANDV 666 DELISTED Andeavor ANDV	$226K	0.02%	+3,710	New	+$226K
667	ADT 667 DELISTED ADT CORP ADT	$226K	0.02%	+6,366	New	+$226K
668	668 Ecolab ECL $77.6B	$225K	0.02%	+1,957	New	+$225K
669	MON 669 DELISTED Monsanto Co MON	$225K	0.02%	+2,001	New	+$225K
670	670 Cheesecake Factory CAKE $3.02B	$224K	0.02%	+4,914	New	+$224K
671	671 Donaldson DCI $9.44B	$224K	0.02%	+5,508	New	+$224K
672	672 Brinker International EAT $7.04B	$224K	0.02%	+4,413	New	+$224K
673	673 Minerals Technologies MTX $2.01B	$224K	0.02%	+3,628	New	+$224K
674	674 Target TGT $42.3B	$224K	0.02%	+3,575	New	+$224K
675	675 Evertec EVTC $2.21B	$221K	0.02%	+9,880	New	+$221K