SPDR SERIES TRUST

CUSIP: 78464A458 Class: TFI

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

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

Q4 2015
Shares 51,918 Value ($000) $1,266 Avg Close — Range —
Q3 2015
Shares 50,335 Value ($000) $1,214 Avg Close — Range —
Q2 2015
Shares 56,130 Value ($000) $1,331 Avg Close — Range —
Q1 2015
Shares 63,577 Value ($000) $1,540 Avg Close — Range —
Q4 2014
Shares 67,739 Value ($000) $1,637 Avg Close — Range —
Q3 2014
Shares 76,649 Value ($000) $1,840 Avg Close — Range —
Q2 2014
Shares 81,240 Value ($000) $1,924 Avg Close — Range —
Q1 2014
Shares 80,639 Value ($000) $1,875 Avg Close — Range —
Q4 2013
Shares 84,784 Value ($000) $1,912 Avg Close — Range —
Q3 2013
Shares 87,748 Value ($000) $2,004 Avg Close — Range —
Q2 2013
Shares 90,200 Value ($000) $2,062 Avg Close — Range —