Valmark Advisers’s State Street SPDR S&P China ETF GXC Stock Holding History

Valmark Advisers’s Portfolio GXC Stock Details GXC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-289,160	Closed	-$21.8M	–	54
2014 Q2	$21.8M	Buy	289,160 +12,761	+5%	+$933K	0.52%	23
2014 Q1	$20.1M	Buy	276,399 +35,121	+15%	+$2.56M	0.52%	23
2013 Q4	$18.8M	Buy	241,278 +17,455	+8%	+$1.34M	0.52%	23
2013 Q3	$16.6M	Buy	223,823 +11,339	+5%	+$793K	0.51%	25
2013 Q2	$13.6M	Buy	+212,484	New	+$14.7M	0.48%	25

Other funds holding GXC

PPFA

Provida Pension Fund Administrator Las Condes, Santiago, Chile $5.78B AUM 21.16% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Savant Capital Rockford, Illinois $20.7B AUM 19.76% 1-Year Est. Return

PVH

Psagot Value Holdings Tel Aviv, Israel $11M AUM 32.09% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

AssetMark Inc Concord, California $49B AUM 17.78% 1-Year Est. Return

CCMG

Clark Capital Management Group Philadelphia, Pennsylvania $16.2B AUM 29.8% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Valmark Advisers's GXC Position: Q3 2014 in Review

Valmark Advisers sold out of State Street SPDR S&P China ETF (GXC) in Q3 2014, closing a stake of 289,160 shares — an estimated $21.8M sold.

Valmark Advisers first reported a position in GXC in Q2 2013 and held it in 5 quarters. The position peaked at $21.8M in Q2 2014. 87 funds tracked by Wall St. Rank hold GXC as of Q3 2014.

Valmark Advisers reported no remaining State Street SPDR S&P China ETF position as of Q3 2014 after selling out during the quarter.
Valmark Advisers sold 289,160 State Street SPDR S&P China ETF shares in Q3 2014, an estimated $21.8M.
Valmark Advisers first reported a position in State Street SPDR S&P China ETF in Q2 2013 and held it in 5 quarters.
Valmark Advisers's State Street SPDR S&P China ETF position peaked at $21.8M in Q2 2014.
87 funds tracked by Wall St. Rank held State Street SPDR S&P China ETF as of Q3 2014.

Based on Valmark Advisers's 13F filing for Q3 2014, filed 6 Nov 2014.