ICOA

Investment Centers of America Portfolio holdings

AUM $712K

1-Year Return 15.54%

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 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+3.59%

1 Year Return

+15.54%

3 Year Return

+23.24%

5 Year Return

–

10 Year Return

–

AUM

$494M

AUM Growth

+$129M (+35%)

Cap. Flow

+$120M

Cap. Flow % of AUM

24.31%

Top 10 Holdings % Top 10 Hldgs %

18.71%

Holding

411

New

113

Increased

229

Reduced

Closed

Top Buys

1	COLE COLE REAL ESTATE INVESTMENTS, INC COM COLE	$10.5M
2	iShares 7-10 Year Treasury Bond ETF IEF	$7.09M
3	Vanguard Total Stock Market ETF VTI	$5.1M
4	Vanguard Dividend Appreciation ETF VIG	$3.66M
5	Vanguard Total International Bond ETF BNDX	$2.55M

Top Sells

1	iShares Broad USD Investment Grade Corporate Bond ETF USIG	$5.53M
2	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$2.11M
3	iShares Core US Aggregate Bond ETF AGG	$1.85M
4	BONO MARKET VECTORS LATAM AGGREGATE BD ETF (DE) BONO	$1.57M
5	Vanguard Short-Term Bond ETF BSV	$1.55M

Sector Composition

1	Real Estate	8.17%
2	Consumer Staples	6.76%
3	Energy	6.74%
4	Industrials	6.34%
5	Healthcare	4.01%

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
301	301 OGE Energy OGE $8.92B	$257K	0.05%	+7,191	New	+$257K
302	SVC 302 Service Properties Trust SVC $462M	$256K	0.05%	9,113 -7,553	-45%	-$212K
303	303 Vale VALE $43.8B	$253K	0.05%	16,190 +1,771	+12%	+$27.7K
304	RTN 304 DELISTED Raytheon Company RTN	$251K	0.05%	+3,121	New	+$251K
305	305 Amgen AMGN $151B	$250K	0.05%	+2,218	New	+$250K
306	LINE 306 DELISTED LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS LINE	$249K	0.05%	9,547 -4,318	-31%	-$113K
307	307 DNP Select Income Fund DNP $3.66B	$246K	0.05%	25,241 +9,386	+59%	+$91.5K
308	308 Nuveen Municipal Value Fund NUV $1.81B	$246K	0.05%	26,754 +881	+3%	+$8.1K
309	309 AGNC Investment AGNC $10.6B	$242K	0.05%	+10,551	New	+$242K
310	RIT 310 DELISTED LMP REAL ESTATE INCOME FUND INC. COM RIT	$242K	0.05%	23,150 -43,876	-65%	-$459K
311	311 Smith & Wesson SWBI $364M	$241K	0.05%	+27,960	New	+$241K
312	312 Tapestry TPR $22B	$241K	0.05%	4,486 +336	+8%	+$18.1K
313	EMC 313 DELISTED EMC CORPORATION EMC	$241K	0.05%	9,282 -215	-2%	-$5.58K
314	314 ANI Pharmaceuticals ANIP $2.08B	$240K	0.05%	+26,192	New	+$240K
315	315 Union Pacific UNP $132B	$240K	0.05%	+3,054	New	+$240K
316	LCC 316 DELISTED US AIRWAYS GROUP INC. LCC	$236K	0.05%	+12,515	New	+$236K
317	DBD 317 DELISTED Diebold Nixdorf Incorporated DBD	$235K	0.05%	7,909 +509	+7%	+$15.1K
318	318 Gilead Sciences GILD $140B	$234K	0.05%	+3,711	New	+$234K
319	319 PPG Industries PPG $24.7B	$232K	0.05%	+2,798	New	+$232K
320	320 Kinder Morgan KMI $59.4B	$231K	0.05%	+6,434	New	+$231K
321	321 Kellanova K $27.6B	$230K	0.05%	+4,155	New	+$230K
322	322 Oneok OKE $46.8B	$230K	0.05%	+4,885	New	+$230K
323	323 UnitedHealth UNH $281B	$226K	0.05%	+3,148	New	+$226K
324	MWE 324 DELISTED MARKWEST ENERGY PARTNERS, LP MWE	$226K	0.05%	+3,146	New	+$226K
325	WIN 325 DELISTED Windstream Holdings Inc WIN	$225K	0.05%	3,566 -501	-12%	-$31.6K