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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 (2016Q1)
Portfolio Summary: 141 holdings with a total value of $190,746,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 UDR INC 14,987 577,000 0.30%
52 LIBERTY PROP 17,540 587,000 0.31%
53 VANGUARD INDEX FDS 5,844 595,000 0.31%
54 CARDINAL HEALTH INC 7,418 608,000 0.32%
55 ISHARES TR 5,245 608,000 0.32%
56 ALPHABET INC 856 637,000 0.33%
57 AMERICAN ELEC PWR INC 9,724 646,000 0.34%
58 INTERNATIONAL BUSINESS MACHS 4,327 655,000 0.34%
59 SPDR SERIES TRUST 20,660 699,000 0.37%
60 STARBUCKS CORP 11,984 715,000 0.37%
61 ISHARES TR 18,841 735,000 0.39%
62 MERCK & CO INC 14,343 759,000 0.40%
63 SPDR S&P 500 ETF TR 3,803 782,000 0.41%
64 VANGUARD INTL EQUITY INDEX F 16,702 810,000 0.42%
65 COCA COLA CO 17,756 824,000 0.43%
66 ISHARES TR 12,216 867,000 0.45%
67 SELECT SECTOR SPDR TR 11,080 876,000 0.46%
68 MID AMER APT CMNTYS INC 8,653 884,000 0.46%
69 ISHARES TR 16,141 923,000 0.48%
70 VERIZON COMMUNICATIONS INC 17,492 946,000 0.50%
71 VANGUARD INTL EQUITY INDEX F 27,488 950,000 0.50%
72 VANGUARD INDEX FDS 11,617 962,000 0.50%
73 BAXALTA INC COM 24,291 981,000 0.51%
74 JPMORGAN CHASE & CO 19,951 1,182,000 0.62%
75 Spectra Energy Corp Com 40,518 1,240,000 0.65%
76 SANOFI 31,587 1,269,000 0.67%
77 VISA INC 16,697 1,277,000 0.67%
78 BAXTER INTL INC 31,115 1,278,000 0.67%
79 SYSCO CORP 27,604 1,290,000 0.68%
80 F5 NETWORKS INC 12,325 1,305,000 0.68%
81 SOUTHWEST AIRLS CO 29,782 1,334,000 0.70%
82 SPDR INDEX SHS FDS 33,163 1,375,000 0.72%
83 GILEAD SCIENCES INC 15,009 1,378,000 0.72%
84 WASTE MGMT INC DEL 23,781 1,403,000 0.74%
85 FEDEX CORP 8,725 1,420,000 0.74%
86 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 12,955 1,421,000 0.74%
87 TOYOTA MOTOR CORP 13,861 1,474,000 0.77%
88 WISDOMTREE TR 39,097 1,497,000 0.78%
89 PAYPAL HLDGS INC 39,284 1,516,000 0.79%
90 PNC FINL SVCS GROUP INC 17,975 1,520,000 0.80%
91 SPROUTS FMRS MKT INC 53,263 1,547,000 0.81%
92 SOUTHERN CO 30,131 1,559,000 0.82%
93 SCHLUMBERGER LTD 21,328 1,573,000 0.82%
94 METLIFE INC 35,880 1,577,000 0.83%
95 WELLTOWER INC 22,848 1,584,000 0.83%
96 ISHARES TR 14,349 1,615,000 0.85%
97 MORGAN STANLEY 65,566 1,640,000 0.86%
98 FORD MTR CO DEL 122,026 1,647,000 0.86%
99 ISHARES TR 14,948 1,657,000 0.87%
100 UNITED PARCEL SERVICE INC 16,690 1,760,000 0.92%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003545, filed 2016.04.28).

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.