Valmark Advisers 13FHR Quarterly holdings report by institutional manager | SEC 31 Jul 17

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
APPLE INC	COM	037833100	1,237	8,587	SH		SOLE		0	0	8,587
AT&T INC	COM	00206R102	200	5,311	SH		SOLE		0	0	5,311
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	509	3,005	SH		SOLE		0	0	3,005
BOEING CO	COM	097023105	280	1,417	SH		SOLE		0	0	1,417
CENTRAL FD CDA LTD	CL A	153501101	123	10,000	SH		SOLE		0	0	10,000
CLAYMORE EXCHANGE TRD FD TR	GUGG MSCI GB ETF	18383Q879	58,477	2,046,814	SH		SOLE		872,144	0	1,174,670
DISNEY WALT CO	COM DISNEY	254687106	247	2,321	SH		SOLE		0	0	2,321
EXXON MOBIL CORP	COM	30231G102	214	2,652	SH		SOLE		0	0	2,652
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	137,143	4,800,262	SH		SOLE		2,486,727	0	2,313,535
FLEXSHARES TR	IBOXX 3R TARGT	33939L506	196,135	7,987,582	SH		SOLE		3,428,407	0	4,559,175
GENERAL ELECTRIC CO	COM	369604103	265	9,797	SH		SOLE		0	0	9,797
GOLDMAN SACHS GROUP INC	COM	38141G104	200	900	SH		SOLE		0	0	900
ILLUMINA INC	COM	452327109	516	2,976	SH		SOLE		0	0	2,976
ISHARES	IBONDS SEP17 ETF	464289271	438	16,093	SH		SOLE		0	0	16,093
ISHARES TR	CORE S&P TTL STK	464287150	32,257	582,048	SH		SOLE		0	0	582,048
ISHARES TR	SELECT DIVID ETF	464287168	4,480	48,582	SH		SOLE		0	0	48,582
ISHARES TR	CORE US AGGBD ET	464287226	450	4,108	SH		SOLE		0	0	4,108
ISHARES TR	MSCI EMG MKT ETF	464287234	283	6,844	SH		SOLE		0	0	6,844
ISHARES TR	IBOXX INV CP ETF	464287242	192,067	1,593,782	SH		SOLE		918,633	0	675,149
ISHARES TR	S&P 500 GRWT ETF	464287309	458,933	3,353,547	SH		SOLE		1,986,629	0	1,366,918
ISHARES TR	NA NAT RES	464287374	303	9,564	SH		SOLE		0	0	9,564
ISHARES TR	S&P 500 VAL ETF	464287408	488,785	4,656,866	SH		SOLE		2,765,025	0	1,891,841
ISHARES TR	1-3 YR TR BD ETF	464287457	52,789	624,801	SH		SOLE		379,972	0	244,829
ISHARES TR	CORE S&P MCP ETF	464287507	329,729	1,895,540	SH		SOLE		1,145,539	0	750,001
ISHARES TR	CORE S&P SCP ETF	464287804	275,376	3,927,768	SH		SOLE		2,448,350	0	1,479,418
ISHARES TR	SHRT NAT MUN ETF	464288158	287	2,717	SH		SOLE		0	0	2,717
ISHARES TR	NATIONAL MUN ETF	464288414	2,028	18,417	SH		SOLE		0	0	18,417
ISHARES TR	INTL SEL DIV ETF	464288448	2,113	64,585	SH		SOLE		0	0	64,585
ISHARES TR	IBOXX HI YD ETF	464288513	170,842	1,932,815	SH		SOLE		1,293,818	0	638,997
ISHARES TR	3-7 YR TR BD ETF	464288661	140,663	1,138,324	SH		SOLE		629,275	0	509,049
ISHARES TR	U.S. PFD STK ETF	464288687	459	11,713	SH		SOLE		0	0	11,713
ISHARES TR	EAFE GRWTH ETF	464288885	1,196	16,174	SH		SOLE		0	0	16,174
ISHARES TR	US TREASURY ETF	46429B267	330	13,078	SH		SOLE		0	0	13,078
ISHARES TR	IBONDS SEP19 ETF	46429B564	439	17,206	SH		SOLE		0	0	17,206
ISHARES TR	IBONDS SEP18 ETF	46429B580	441	17,313	SH		SOLE		0	0	17,313
ISHARES TR	FLTG RATE BD ETF	46429B655	17,782	349,210	SH		SOLE		244,467	0	104,743
MCDONALDS CORP	COM	580135101	365	2,381	SH		SOLE		0	0	2,381
PEPSICO INC	COM	713448108	266	2,302	SH		SOLE		0	0	2,302
PIMCO ETF TR	1-5 US TIP IDX	72201R205	75,961	1,456,030	SH		SOLE		1,446,768	0	9,262
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	9,358	92,326	SH		SOLE		2,939	0	89,387
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	6,778	66,635	SH		SOLE		2,930	0	63,705
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	60,412	2,610,738	SH		SOLE		1,385,522	0	1,225,216
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	5,210	115,519	SH		SOLE		0	0	115,519
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	445	8,555	SH		SOLE		0	0	8,555
SHERWIN WILLIAMS CO	COM	824348106	1,288	3,671	SH		SOLE		0	0	3,671
SPDR GOLD TRUST	GOLD SHS	78463V107	301	2,547	SH		SOLE		0	0	2,547
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	256	6,167	SH		SOLE		0	0	6,167
SPDR SER TR	NUVEEN BRC MUNIC	78468R721	1,321	27,122	SH		SOLE		0	0	27,122
SPDR SER TR	NUVEEN BLMBRG SR	78468R739	372	7,673	SH		SOLE		0	0	7,673
SPDR SER TR	SSGA GNDER ETF	78468R747	234	3,484	SH		SOLE		0	0	3,484
SPDR SERIES TRUST	S&P 600 SMCP GRW	78464A201	456	2,106	SH		SOLE		0	0	2,106
SPDR SERIES TRUST	BLMBRG BRC CNVRT	78464A359	306	6,169	SH		SOLE		0	0	6,169
SPDR SERIES TRUST	BLOMBERG BRC SRT	78464A474	120,348	3,927,810	SH		SOLE		2,381,255	0	1,546,555
SPDR SERIES TRUST	DJ REIT ETF	78464A607	454	4,885	SH		SOLE		0	0	4,885
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	200	2,248	SH		SOLE		0	0	2,248
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	188	12,262	SH		SOLE		0	0	12,262
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	102,351	5,418,243	SH		SOLE		3,056,108	0	2,362,135
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	14,660	183,598	SH		SOLE		0	0	183,598
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	35,222	647,936	SH		SOLE		415,218	0	232,718
VANGUARD INDEX FDS	REIT ETF	922908553	92,611	1,112,712	SH		SOLE		666,666	0	446,046
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	2,356	23,034	SH		SOLE		0	0	23,034
VANGUARD INTL EQUITY INDEX F	GLB EX US ETF	922042676	119,873	2,131,069	SH		SOLE		1,307,229	0	823,840
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	83,389	771,265	SH		SOLE		458,621	0	312,644
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	527,959	10,552,843	SH		SOLE		6,284,785	0	4,268,058
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	186,950	4,578,736	SH		SOLE		2,737,133	0	1,841,603
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	66,640	1,265,484	SH		SOLE		766,942	0	498,542
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	1,938	20,914	SH		SOLE		0	0	20,914
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	1,624	39,297	SH		SOLE		0	0	39,297
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	1,607	20,564	SH		SOLE		0	0	20,564
VANGUARD WORLD FDS	ENERGY ETF	92204A306	24,924	281,625	SH		SOLE		280,521	0	1,104
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	24,777	203,761	SH		SOLE		202,398	0	1,363
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	4,984	108,932	SH		SOLE		107,811	0	1,121
WISDOMTREE TR	US LARGECAP DIVD	97717W307	305	3,633	SH		SOLE		0	0	3,633
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	1,069	26,081	SH		SOLE		0	0	26,081
WISDOMTREE TR	US MIDCAP DIVID	97717W505	234	2,397	SH		SOLE		0	0	2,397
WISDOMTREE TR	US SMALLCAP DIVD	97717W604	973	12,085	SH		SOLE		0	0	12,085
WISDOMTREE TR	INTL EQUITY FD	97717W703	1,941	37,405	SH		SOLE		0	0	37,405
WISDOMTREE TR	ITL HIGH DIV FD	97717W802	277	6,630	SH		SOLE		0	0	6,630

Valmark Advisers 13F-HRQuarterly holdings report by institutional manager