TAG

Tactical Allocation Group Portfolio holdings

AUM $62.6M

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

-3.77%

1 Year Return

-2.18%

3 Year Return

+15.23%

5 Year Return

–

10 Year Return

–

AUM

$307M

AUM Growth

–

Cap. Flow

+$307M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

88.37%

Holding

New

Increased

–

Reduced

–

Closed

–

Top Buys

1	SPDR Dow Jones International Real Estate ETF RWX	$47.5M
2	iShares MSCI EAFE Value ETF EFV	$39.9M
3	Vanguard Long-Term Corporate Bond ETF VCLT	$38.6M
4	iShares iBoxx $ Investment Grade Corporate Bond ETF LQD	$32.7M
5	SPDR S&P 500 ETF Trust SPY	$26.9M

Top Sells

No sells this quarter

Sector Composition

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
1	1 SPDR Dow Jones International Real Estate ETF RWX $305M	$47.5M	15.49%	+1,078,660	New	+$47.5M
2	2 iShares MSCI EAFE Value ETF EFV $27.8B	$39.9M	13%	+757,946	New	+$39.9M
3	3 Vanguard Long-Term Corporate Bond ETF VCLT $6.7B	$38.6M	12.6%	+428,155	New	+$38.6M
4	4 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $29.5B	$32.7M	10.67%	+254,458	New	+$32.7M
5	5 SPDR S&P 500 ETF Trust SPY $658B	$26.9M	8.76%	+161,697	New	+$26.9M
6	6 iShares US Real Estate ETF IYR $3.76B	$19.6M	6.4%	+293,127	New	+$19.6M
7	7 iShares 7-10 Year Treasury Bond ETF IEF $35.7B	$19M	6.2%	+169,889	New	+$19M
8	8 iShares Russell 1000 Growth ETF IWF $116B	$15.8M	5.15%	+209,685	New	+$15.8M
9	9 iShares MSCI EAFE Growth ETF EFG $13.1B	$15.6M	5.09%	+244,005	New	+$15.6M
10	10 iShares Russell 1000 Value ETF IWD $63.5B	$15.4M	5.02%	+177,643	New	+$15.4M
11	FM 11 DELISTED iShares Frontier and Select EM ETF FM	$13.9M	4.52%	+455,718	New	+$13.9M
12	IPFF 12 DELISTED iShares International Preferred Stock ETF IPFF	$11.8M	3.86%	+405,382	New	+$11.8M
13	13 iShares JPMorgan USD Emerging Markets Bond ETF EMB $13.4B	$7.69M	2.51%	+46,870	New	+$7.69M
14	14 iShares Core Moderate Allocation ETF AOM $1.58B	$930K	0.3%	+28,720	New	+$930K
15	15 SPDR Gold Trust GLD $107B	$389K	0.13%	+3,263	New	+$389K
16	16 iShares Core 60/40 Balanced Allocation ETF AOR $2.68B	$345K	0.11%	+9,735	New	+$345K
17	IPU 17 DELISTED SPDR S&P International Utilities Sector IPU	$314K	0.1%	+19,137	New	+$314K
18	18 iShares 20+ Year Treasury Bond ETF TLT $47.8B	$296K	0.1%	+2,681	New	+$296K