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
151	CNW 151 DELISTED CON-WAY INC. CNW	$3.24M	0.25%	+68,245	New	+$3.24M
152	152 Intel INTC $107B	$3.24M	0.25%	+93,046	New	+$3.24M
153	LPNT 153 DELISTED LifePoint Health, Inc. LPNT	$3.22M	0.25%	+46,590	New	+$3.22M
154	154 Sanmina SANM $6.44B	$3.22M	0.25%	+154,445	New	+$3.22M
155	155 Owens & Minor OMI $434M	$3.21M	0.25%	+98,154	New	+$3.21M
156	156 NETGEAR NTGR $811M	$3.18M	0.25%	+101,861	New	+$3.18M
157	157 Logitech LOGI $15.8B	$3.16M	0.25%	+246,575	New	+$3.16M
158	SNDK 158 DELISTED SANDISK CORP SNDK	$3.15M	0.24%	+32,198	New	+$3.15M
159	159 Vishay Intertechnology VSH $2.11B	$3.14M	0.24%	+219,697	New	+$3.14M
160	160 TE Connectivity TEL $61.7B	$3.13M	0.24%	+56,686	New	+$3.13M
161	161 MKS Inc. Common Stock MKSI $7.02B	$3.13M	0.24%	+93,765	New	+$3.13M
162	162 Arrow Electronics ARW $6.57B	$3.12M	0.24%	+56,405	New	+$3.12M
163	163 Principal Financial Group PFG $17.8B	$3.12M	0.24%	+59,501	New	+$3.12M
164	164 HCA Healthcare HCA $98.5B	$3.11M	0.24%	+44,108	New	+$3.11M
165	165 Goldman Sachs GS $223B	$3.09M	0.24%	+16,809	New	+$3.09M
166	XLNX 166 DELISTED Xilinx Inc XLNX	$3.08M	0.24%	+72,796	New	+$3.08M
167	LLTC 167 DELISTED Linear Technology Corp LLTC	$3.08M	0.24%	+69,318	New	+$3.08M
168	FCS 168 DELISTED FAIRCHILD SEMICONDUCTOR INTL INC COMMON FCS	$3.08M	0.24%	+198,113	New	+$3.08M
169	169 KLA KLAC $119B	$3.06M	0.24%	+38,827	New	+$3.06M
170	ARRS 170 DELISTED ARRIS International plc Ordinary Shares ARRS	$3.06M	0.24%	+107,785	New	+$3.06M
171	BRCM 171 DELISTED BROADCOM CORP CL-A BRCM	$3.05M	0.24%	+75,473	New	+$3.05M
172	172 Cirrus Logic CRUS $5.94B	$3.04M	0.24%	+145,876	New	+$3.04M
173	DFS 173 DELISTED Discover Financial Services DFS	$3.04M	0.24%	+47,189	New	+$3.04M
174	174 Adtran ADTN $781M	$3.04M	0.24%	+147,894	New	+$3.04M
175	175 Lincoln National LNC $7.98B	$3.02M	0.23%	+56,319	New	+$3.02M