NOTTINGHAM ADVISORS, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWF	ISHARES	340,567	$26,632	9.7%	$72.85	—	RUS 1000 GRW ETF	464287614
IWD	ISHARES	301,920	$26,025	9.5%	$83.84	—	RUS 1000 VAL ETF	464287598
USMV	ISHARES	753,566	$25,042	9.1%	$32.62	—	USA MIN VOL ETF	46429B697
IEFA	ISHARES TR	419,908	$24,203	8.8%	$52.97	—	CORE MSCI EAFE	46432F842
VIG	VANGUARD SPECIALIZED PORTFOL	269,383	$18,751	6.8%	$66.72	—	DIV APP ETF	921908844
IEMG	ISHARES INC	309,866	$15,075	5.5%	$46.28	—	CORE MSCI EMKT	46434G103
IJH	ISHARES	104,094	$12,922	4.7%	$115.61	—	CORE S&P MCP ETF	464287507
IJR	ISHARES	118,322	$11,808	4.3%	$90.31	—	CORE S&P SCP ETF	464287804
—	POWERSHARES ETF TRUST II	420,363	$10,374	3.8%	$24.74	—	SENIOR LN PORT	73936Q769
EMB	ISHARES	78,818	$8,593	3.1%	$109.03	—	JP MOR EM MK ETF	464288281
STIP	ISHARES	81,971	$8,290	3.0%	$100.67	—	0-5 YR TIPS ETF	46429B747
IVV	ISHARES	45,885	$7,749	2.8%	$166.66	—	CORE S&P500 ETF	464287200
XLI	SELECT SECTOR SPDR TR	161,551	$7,496	2.7%	$42.72	—	SBI INT-INDS	81369Y704
—	POWERSHARES QQQ TRUST	94,913	$7,486	2.7%	$71.61	—	UNIT SER 1	73935A104
VNQ	VANGUARD INDEX FDS	108,228	$7,158	2.6%	$68.13	—	REIT ETF	922908553
MINT	PIMCO ETF TR	60,565	$6,141	2.2%	$101.29	—	ENHAN SHRT MAT	72201R833
BNDX	VANGUARD CHARLOTTE FDS	120,934	$6,004	2.2%	$49.65	—	INTL BD IDX ETF	92203J407
EZU	ISHARES	156,324	$5,898	2.2%	$32.69	—	EMU ETF	464286608
HDV	ISHARES	82,238	$5,450	2.0%	$66.33	—	HIGH DIVIDND ETF	46429B663
—	ALPS ETF TR	293,348	$5,160	1.9%	$17.81	—	ALERIAN MLP	00162Q866
GUNR	FLEXSHARES TR	145,320	$4,897	1.8%	$31.65	—	MORNSTAR UPSTR	33939L407
EWC	ISHARES	144,919	$4,102	1.5%	$26.21	—	MSCI CDA ETF	464286509
DWX	SPDR INDEX SHS FDS	40,833	$1,904	0.7%	$43.63	—	S&P INTL ETF	78463X772
DVY	ISHARES	22,054	$1,463	0.5%	$63.98	—	SELECT DIVID ETF	464287168
EDIV	SPDR INDEX SHS FDS	32,450	$1,308	0.5%	$40.31	—	S&P EM MKT DIV	78463X533
—	SPDR SERIES TRUST	50,856	$1,231	0.4%	$23.96	—	NUVN BR SHT MUNI	78464A425
EFA	ISHARES	17,975	$1,146	0.4%	$57.30	—	MSCI EAFE ETF	464287465
SPIB	SPDR SERIES TRUST	33,350	$1,125	0.4%	$33.73	—	INTR TRM CORP BD	78464A375
DIM	WISDOMTREE TR	19,842	$1,113	0.4%	$50.26	—	INTL MIDCAP DV	97717W778
—	GENERAL ELECTRIC CO	41,518	$991	0.4%	$23.16	—	COM	369604103
MTB	M & T BK CORP	7,125	$797	0.3%	$72.91	+13.0%	COM	55261F104
XOM	EXXON MOBIL CORP	8,558	$735	0.3%	$53.71	+0.8%	COM	30231G102
EFAV	ISHARES	10,165	$619	0.2%	$58.25	—	EAFE MIN VOL ETF	46429B689
SDY	SPDR SERIES TRUST	7,175	$494	0.2%	$66.19	—	S&P DIVID ETF	78464A763
—	POWERSHARES ETF TR II	14,000	$436	0.2%	$31.08	—	S&P500 LOW VOL	73937B779
ELD	WISDOMTREE TR	8,912	$419	0.2%	$48.04	—	EM LCL DEBT FD	97717X867
EEM	ISHARES	10,115	$412	0.2%	$38.42	—	MSCI EMG MKT ETF	464287234
DEM	WISDOMTREE TR	7,380	$381	0.1%	$48.32	—	EMERG MKTS ETF	97717W315
IVE	ISHARES	4,400	$344	0.1%	$75.58	—	S&P 500 VAL ETF	464287408
BSX	BOSTON SCIENTIFIC CORP	27,536	$323	0.1%	$8.48	+27.5%	COM	101137107
—	SYNERGETICS USA INC	70,000	$318	0.1%	$3.93	—	COM	87160G107
JNJ	JOHNSON & JOHNSON	3,595	$311	0.1%	$59.66	+6.5%	COM	478160104
T	AT&T INC	8,153	$275	0.1%	$11.40	-3.9%	COM	00206R102
TUR	ISHARES	4,625	$255	0.1%	$58.62	—	MSCI TURKEY ETF	464286715
IBM	INTERNATIONAL BUSINESS MACHS	1,315	$243	0.1%	$118.70	-6.0%	COM	459200101
VO	VANGUARD INDEX FDS	2,325	$238	0.1%	$95.05	—	MID CAP ETF	922908629
MSFT	MICROSOFT CORP	6,888	$229	0.1%	$26.70	+1.1%	COM	594918104
GLD	SPDR GOLD TRUST	1,781	$228	0.1%	$119.03	—	GOLD SHS	78463V107
DHS	WISDOMTREE TR	4,355	$226	0.1%	$51.68	—	EQTY INC ETF	97717W208
PG	PROCTER & GAMBLE CO	2,853	$215	0.1%	$55.00	+2.2%	COM	742718109
EWZ	ISHARES	4,311	$206	0.1%	$47.78	—	MSCI BRZ CAP ETF	464286400
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,790	$203	0.1%	$110.02	+4.9%	CL B NEW	084670702
BMY	BRISTOL MYERS SQUIBB CO	4,400	$203	0.1%	$29.22	0.0%	COM	110122108
IVW	ISHARES	2,255	$201	0.1%	$89.14	—	S&P 500 GRWT ETF	464287309
—	BAXANO SURGICAL INC	143,783	$199	0.1%	$2.39	—	COM	071773105
BAC	BANK OF AMERICA CORPORATION	12,373	$170	0.1%	$11.23	0.0%	COM	060505104