Euclid Advisors Portfolio holdings

AUM $4.79M

1-Year Return 12.77%

2016 Q4 2016 Q3 2016 Q2 2016 Q1 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

+1.7%

1 Year Return

+12.77%

3 Year Return

+46.24%

5 Year Return

–

10 Year Return

–

AUM

$7.92B

AUM Growth

–

Cap. Flow

+$7.92B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

25.71%

Holding

469

New

469

Increased

–

Reduced

–

Closed

–

Top Buys

1	Consumers Staples Select Sector SPDR Fund XLP	$280M
2	Health Care Select Sector SPDR Fund XLV	$280M
3	Utilities Select Sector SPDR Fund XLU	$213M
4	Consumer Discretionary Select Sector SPDR Fund XLY	$210M
5	Financial Select Sector SPDR Fund XLF	$209M

Top Sells

No sells this quarter

Sector Composition

1	Financials	9.38%
2	Industrials	9.36%
3	Energy	9.01%
4	Healthcare	8.97%
5	Utilities	8.54%

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
201	201 Johnson Controls International JCI $69.5B	$9.68M	0.12%	+258,368	New	+$9.68M
202	202 Morgan Stanley MS $236B	$9.6M	0.12%	+393,130	New	+$9.6M
203	WPX 203 DELISTED WPX Energy, Inc. WPX	$9.46M	0.12%	+499,200	New	+$9.46M
204	204 Northrop Grumman NOC $83.2B	$9.41M	0.12%	+113,650	New	+$9.41M
205	CERN 205 DELISTED Cerner Corp CERN	$9.38M	0.12%	+195,140	New	+$9.38M
206	206 Bank of New York Mellon BK $73.1B	$9.33M	0.12%	+332,550	New	+$9.33M
207	207 Pinnacle West Capital PNW $10.6B	$9.2M	0.12%	+165,920	New	+$9.2M
208	208 Sysco SYY $39.4B	$9.04M	0.11%	+264,720	New	+$9.04M
209	209 Vulcan Materials VMC $39B	$8.99M	0.11%	+185,743	New	+$8.99M
210	ARG 210 DELISTED AIRGAS INC ARG	$8.98M	0.11%	+94,088	New	+$8.98M
211	211 Ball Corp BALL $13.9B	$8.93M	0.11%	+429,916	New	+$8.93M
212	212 McKesson MCK $85.5B	$8.93M	0.11%	+77,953	New	+$8.93M
213	213 W.W. Grainger GWW $47.5B	$8.84M	0.11%	+35,070	New	+$8.84M
214	214 International Flavors & Fragrances IFF $16.9B	$8.76M	0.11%	+116,480	New	+$8.76M
215	215 Chubb CB $111B	$8.72M	0.11%	+97,400	New	+$8.72M
216	216 Waste Management WM $88.6B	$8.65M	0.11%	+214,430	New	+$8.65M
217	MWV 217 DELISTED MEADWESTVACO CORP MWV	$8.63M	0.11%	+253,031	New	+$8.63M
218	218 Travelers Companies TRV $62B	$8.61M	0.11%	+107,780	New	+$8.61M
219	AGN 219 DELISTED ALLERGAN INC AGN	$8.57M	0.11%	+101,735	New	+$8.57M
220	220 Range Resources RRC $8.27B	$8.52M	0.11%	+110,229	New	+$8.52M
221	221 State Street STT $32B	$8.52M	0.11%	+130,580	New	+$8.52M
222	222 Elevance Health ELV $70.6B	$8.43M	0.11%	+102,969	New	+$8.43M
223	223 American Tower AMT $92.9B	$8.29M	0.1%	+113,240	New	+$8.29M
224	224 Kroger KR $44.8B	$8.25M	0.1%	+477,628	New	+$8.25M
225	AET 225 DELISTED Aetna Inc AET	$8.24M	0.1%	+129,738	New	+$8.24M