Curian Capital Portfolio holdings

AUM $1.35B

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

+$5.63B (-0.51%)

Cap. Flow

-$60.5M

Cap. Flow % of AUM

-1.07%

Top 10 Holdings % Top 10 Hldgs %

26.48%

Holding

685

New

140

Increased

243

Reduced

203

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
601	601 Cadence Bank CADE $6.97B	–	–	-26,123	Closed	-$664K
602	602 Casey's General Stores CASY $18.6B	–	–	-8,607	Closed	-$605K
603	603 Cabot Corp CBT $4.28B	–	–	-23,900	Closed	-$1.23M
604	604 Crown Holdings CCK $10.7B	–	–	-19,813	Closed	-$883K
605	605 Columbia Banking Systems COLB $5.6B	–	–	-39,274	Closed	-$1.08M
606	606 Carter's CRI $1.04B	–	–	-9,615	Closed	-$690K
607	607 Crocs CROX $4.74B	–	–	-50,301	Closed	-$801K
608	608 CSG Systems International CSGS $1.87B	–	–	-43,192	Closed	-$1.27M
609	609 Cytokinetics CYTK $5.98B	–	–	-63,877	Closed	-$415K
610	610 Darling Ingredients DAR $5.05B	–	–	-59,392	Closed	-$1.24M
611	611 Darden Restaurants DRI $24.3B	–	–	-161,843	Closed	-$8.8M
612	612 Dycom Industries DY $7.21B	–	–	-40,555	Closed	-$1.13M
613	613 Hudson Global HSON $34.5M	–	–	-64,360	Closed	-$259K
614	614 Hancock Whitney HWC $5.28B	–	–	-11,062	Closed	-$406K
615	615 Methode Electronics MEI $269M	–	–	-28,696	Closed	-$981K
616	616 Monster Beverage MNST $62B	–	–	-90,330	Closed	-$6.12M
617	617 Topgolf Callaway Brands MODG $1.69B	–	–	-52,938	Closed	-$446K
618	618 Mercury Systems MRCY $4.04B	–	–	-92,966	Closed	-$1.02M
619	619 Northfield Bancorp NFBK $497M	–	–	-15,117	Closed	-$200K
620	620 Novavax NVAX $1.2B	–	–	-79,298	Closed	-$406K
621	621 Old Republic International ORI $10B	–	–	-66,910	Closed	-$1.16M
622	622 Pegasystems PEGA $9.22B	–	–	-39,492	Closed	-$1.94M
623	623 Progress Software PRGS $1.93B	–	–	-36,309	Closed	-$938K
624	624 Patterson-UTI PTEN $2.13B	–	–	-30,808	Closed	-$780K
625	625 FreightCar America RAIL $160M	–	–	-11,408	Closed	-$304K