Curian Capital Portfolio holdings

AUM $1.35B

1-Year Return 0.33%

2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+1.63%

1 Year Return

-0.33%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$5.63B

AUM Growth

-$29.1M (-0.51%)

Cap. Flow

-$91.3M

Cap. Flow % of AUM

-1.62%

Top 10 Holdings % Top 10 Hldgs %

26.48%

Holding

685

New

140

Increased

240

Reduced

206

Closed

Top Buys

1	iShares MSCI United Kingdom ETF EWU	$74.2M
2	iShares Russell 1000 Value ETF IWD	$64.8M
3	iShares MSCI Japan ETF EWJ	$42.4M
4	iShares Russell 1000 Growth ETF IWF	$32.8M
5	PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS	$24.8M

Top Sells

1	iShares 1-3 Year Treasury Bond ETF SHY	$145M
2	Vanguard FTSE Emerging Markets ETF VWO	$116M
3	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund MINT	$82.6M
4	iShares MSCI Pacific ex Japan ETF EPP	$46.5M
5	iShares Russell 2000 Growth ETF IWO	$42.2M

Sector Composition

1	Financials	7.62%
2	Technology	7.42%
3	Healthcare	6.15%
4	Industrials	5.73%
5	Consumer Discretionary	5.57%

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
551	VLRS 551 Controladora Vuela Compañía de Aviación VLRS $702M	$495K	0.01%	+59,633	New	+$495K
552	AUY 552 DELISTED Yamana Gold, Inc. AUY	$495K	0.01%	56,326 -715	-1%	-$6.28K
553	SNOW 553 DELISTED Intrawest Resorts Holdings, Inc. SNOW	$491K	0.01%	+37,651	New	+$491K
554	554 Spire SR $4.43B	$488K	0.01%	10,347 -14,213	-58%	-$670K
555	555 Sinclair Inc SBGI $975M	$487K	0.01%	+17,976	New	+$487K
556	556 Newell Brands NWL $2.64B	$486K	0.01%	16,244 -1,741	-10%	-$52.1K
557	557 eBay EBAY $42.5B	$485K	0.01%	20,857 +2,750	+15%	+$63.9K
558	558 Knowles KN $1.86B	$484K	0.01%	+15,334	New	+$484K
559	559 Masimo MASI $7.77B	$470K	0.01%	17,192 -494	-3%	-$13.5K
560	560 National CineMedia NCMI $403M	$459K	0.01%	+3,061	New	+$459K
561	561 Nexstar Media Group NXST $6.27B	$452K	0.01%	+12,042	New	+$452K
562	562 AZZ Inc AZZ $3.5B	$444K	0.01%	+9,940	New	+$444K
563	ZLC 563 DELISTED ZALE CORPORATION ZLC	$441K	0.01%	+21,085	New	+$441K
564	564 Invesco Floating Rate Municipal Income ETF PVI $31.2M	$440K	0.01%	17,626 +2,989	+20%	+$74.6K
565	HA 565 DELISTED Hawaiian Holdings, Inc. HA	$438K	0.01%	+31,386	New	+$438K
566	566 iShares MSCI Thailand ETF THD $230M	$425K	0.01%	5,842 +112	+2%	+$8.15K
567	567 IPG Photonics IPGP $3.48B	$423K	0.01%	+5,950	New	+$423K
568	568 iShares S&P India Nifty 50 Index Fund INDY $646M	$418K	0.01%	16,238 +381	+2%	+$9.81K
569	WMGI 569 DELISTED Wright Medical Group Inc WMGI	$415K	0.01%	13,348 -460	-3%	-$14.3K
570	CTB 570 DELISTED Cooper Tire & Rubber Co. CTB	$399K	0.01%	+16,415	New	+$399K
571	571 Exact Sciences EXAS $9.73B	$398K	0.01%	+28,105	New	+$398K
572	572 iShares MSCI South Africa ETF EZA $413M	$389K	0.01%	5,870 +132	+2%	+$8.75K
573	ZEP 573 DELISTED ZEP INC COM STK (DE) ZEP	$389K	0.01%	+21,970	New	+$389K
574	TBCH 574 Turtle Beach Corporation Common Stock TBCH $304M	$374K	0.01%	+6,650	New	+$374K
575	575 Liberty Media Series A FWONA $22.5B	$370K	0.01%	15,947 -642	-4%	-$14.9K