Placemark Investments Portfolio holdings

AUM $5.66B

1-Year Est. Return 10.93%

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

This Quarter Est. Return

1 Year Est. Return

+10.93%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$5.41B

AUM Growth

-$174M (-3.1%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,728

New

Increased

Reduced

Closed

Top Buys

1		+$30.7M
2		+$25.7M
3		+$23.5M
4	First Trust Consumer Discretionary AlphaDEX Fund FXD	+$12.1M
5	Vanguard Total Bond Market BND	+$7.09M

Top Sells

1		+$71.3M
2		+$33.2M
3		+$29M
4	iShares US Energy ETF IYE	+$28.8M
5	iShares Russell 2000 ETF IWM	+$25.7M

Sector Composition

1	Healthcare	10.78%
2	Financials	10.64%
3	Technology	10.55%
4	Industrials	8.14%
5	Energy	6.29%

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
1326	1326 International Flavors & Fragrances IFF $16.7B	$353K	0.01%	3,697 -6,309
1327	SRV 1327 NXG Cushing Midstream Energy Fund SRV $198M	$352K	0.01%	2,039 +79
1328	1328 Bath & Body Works BBWI $5.38B	$348K	0.01%	6,439 +1,190
1329	1329 SPDR NYSE Technology ETF XNTK $1.52B	$348K	0.01%	7,156 +262
1330	B 1330 DELISTED Barnes Group Inc. B	$347K	0.01%	11,493 -142
1331	1331 First Trust Natural Gas ETF FCG $319M	$345K	0.01%	3,870 -79
1332	1332 PG&E PCG $36B	$343K	0.01%	+7,647
1333	1333 Steven Madden SHOO $2.59B	$343K	0.01%	15,879 +3,147
1334	1334 Home BancShares HOMB $5.39B	$342K	0.01%	23,266 -420
1335	TIF 1335 DELISTED Tiffany & Co. TIF	$342K	0.01%	3,556 -19,682
1336	1336 Emcor EME $33.7B	$341K	0.01%	8,560 +470
1337	XLKS 1337 DELISTED POWERSHARES S&P SMALLCAP INFORMATION TECHNOLOGY PORTFOLIO XLKS	$341K	0.01%	+7,622
1338	XLFS 1338 DELISTED POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO XLFS	$341K	0.01%	9,115 +3,746
1339	1339 Conagra Brands CAG $8.82B	$340K	0.01%	13,273 -105
1340	1340 First Trust Large Cap Growth AlphaDEX Fund FTC $1.29B	$340K	0.01%	+7,836
1341	1341 Helen of Troy HELE $462M	$340K	0.01%	+6,503
1342	1342 D.R. Horton DHI $47.5B	$339K	0.01%	16,534 -538
1343	1343 SPDR S&P International Dividend ETF DWX $493M	$339K	0.01%	7,360 +909
1344	1344 Vale VALE $48.9B	$339K	0.01%	30,792 +9,359
1345	BABS 1345 DELISTED SPDR NUVEEN BARCLAYS BUILD AMERICA BOND ETF BABS	$339K	0.01%	5,544 +2,037
1346	RGP 1346 DELISTED REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS RGP	$338K	0.01%	10,391 +434
1347	WWAV 1347 DELISTED The WhiteWave Foods Company WWAV	$338K	0.01%	9,309 +1,004
1348	1348 PROS Holdings PRO $1.11B	$337K	0.01%	+13,387
1349	AMTD 1349 DELISTED TD Ameritrade Holding Corp AMTD	$337K	0.01%	10,115 +124
1350	XLVS 1350 DELISTED POWERSHARES S&P SMALLCAP HEALTH CARE PORTFOLIO XLVS	$337K	0.01%	6,110 -7,782