SPDR SER TR

Ticker: SJNK CUSIP: 78468R408 Class: Fixed Income ETF

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

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

Q1 2016

Shares 7,945 Value ($000) $205 Avg Close — Range —

Q4 2015

Shares 40,440 Value ($000) $1,039 Avg Close — Range —

Q4 2014

Shares 28,462 Value ($000) $823 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	7,945	$205	—	—
Q4 2015	40,440	$1,039	—	—
Q4 2014	28,462	$823	—	—