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Institutional Investment Manager
Telos Capital Management, Inc.
Telos Capital Management, Inc. (CIK: 0001567889), located at 13480 Evening Creek Drive North, San Diego, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 138 holdings with a total value of $171,290,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 REALTY INCOME CORP 8,115 419,000 0.24%
102 DEERE & CO 4,749 416,000 0.24%
103 ISHARES TR 6,615 405,000 0.24%
104 TRANSCANADA CORP 9,315 398,000 0.23%
105 DIGITAL RLTY TR INC 5,860 387,000 0.23%
106 AMGEN INC 2,411 385,000 0.22%
107 BHP BILLITON PLC 8,528 377,000 0.22%
108 WISDOMTREE TR 4,270 368,000 0.21%
109 SELECT SECTOR SPDR TR 8,175 363,000 0.21%
110 ST JUDE MED INC 5,549 363,000 0.21%
111 TORONTO DOMINION BK ONT 8,444 362,000 0.21%
112 AMERICAN ELEC PWR INC 6,394 360,000 0.21%
113 GOLDMAN SACHS GROUP INC 1,911 359,000 0.21%
114 VIACOM INC NEW 5,156 352,000 0.21%
115 BRANDYWINE RLTY TR 20,178 322,000 0.19%
116 HOME DEPOT INC 2,745 312,000 0.18%
117 VODAFONE GROUP PLC NEW 9,145 299,000 0.17%
118 WEINGARTEN RLTY INVS 8,210 295,000 0.17%
119 OCCIDENTAL PETE CORP DEL 3,922 286,000 0.17%
120 VanEck Vectors Vietnam ETF 16,780 283,000 0.17%
121 ISHARES TR 823 283,000 0.17%
122 PFIZER INC 7,855 273,000 0.16%
123 AMERICAN RESIDENTIAL PPTYS I 14,760 266,000 0.16%
124 XYLEM INC 7,073 248,000 0.14%
125 RYDEX ETF TRUST 2,995 243,000 0.14%
126 US BANCORP DEL 5,513 241,000 0.14%
127 ISHARES INC 4,183 239,000 0.14%
128 MACK-CALI REALTY CORP COM 12,110 233,000 0.14%
129 CAMDEN PROPERTY TRUS 2,951 231,000 0.13%
130 ISHARES GOLD TRUST 19,422 222,000 0.13%
131 L-3 Communications Hldgs 1,724 217,000 0.13%
132 UNITED TECHNOLOGIES CORP 1,765 207,000 0.12%
133 VANGUARD INDEX FDS 2,444 206,000 0.12%
134 MONDELEZ INTL INC 5,650 204,000 0.12%
135 ABB LTD 9,483 201,000 0.12%
136 HUNTINGTON BANCSHARES INC 16,000 177,000 0.10%
137 ANNALY CAP MGMT INC 10,000 104,000 0.06%
138 POWERSHARES ETF WILDER HILL CLEAN ENERGY PORTFOLIO 13,527 75,000 0.04%
Page 3 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-15-001034, filed 2015.05.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.