SPDR SERIES TRUST

CUSIP: 78464A425 Class: EXCHANGE TRADED

Valmark Advisers, Inc.'s Holding History (CIK: 0001380443)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 16,892 Value ($000) $411 Avg Close — Range —
Q3 2015
Shares 20,389 Value ($000) $497 Avg Close — Range —
Q2 2015
Shares 22,082 Value ($000) $536 Avg Close — Range —
Q1 2015
Shares 22,175 Value ($000) $539 Avg Close — Range —
Q4 2014
Shares 23,625 Value ($000) $574 Avg Close — Range —
Q3 2014
Shares 27,020 Value ($000) $659 Avg Close — Range —
Q2 2014
Shares 29,408 Value ($000) $715 Avg Close — Range —
Q1 2014
Shares 32,622 Value ($000) $791 Avg Close — Range —
Q4 2013
Shares 36,228 Value ($000) $880 Avg Close — Range —
Q3 2013
Shares 59,699 Value ($000) $1,446 Avg Close — Range —
Q2 2013
Shares 56,128 Value ($000) $1,341 Avg Close — Range —