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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 (2016Q2)
Portfolio Summary: 139 holdings with a total value of $204,530,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 WISDOMTREE TR 44,024 1,665,000 0.81%
52 PNC FINL SVCS GROUP INC 20,065 1,633,000 0.80%
53 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 14,395 1,602,000 0.78%
54 MCDONALDS CORP 13,315 1,602,000 0.78%
55 SOUTHERN CO 29,795 1,598,000 0.78%
56 Spectra Energy Corp Com 42,537 1,558,000 0.76%
57 PAYPAL HLDGS INC 42,630 1,556,000 0.76%
58 FORD MTR CO DEL 121,876 1,532,000 0.75%
59 WASTE MGMT INC DEL 23,059 1,528,000 0.75%
60 METLIFE INC 37,514 1,494,000 0.73%
61 SPDR INDEX SHS FDS 35,409 1,468,000 0.72%
62 F5 NETWORKS INC 12,735 1,450,000 0.71%
63 SANOFI 33,418 1,399,000 0.68%
64 BAXTER INTL INC 30,400 1,375,000 0.67%
65 SPROUTS FMRS MKT INC 58,698 1,344,000 0.66%
66 SYSCO CORP 26,426 1,341,000 0.66%
67 FEDEX CORP 8,826 1,340,000 0.66%
68 TOYOTA MOTOR CORP 13,322 1,332,000 0.65%
69 JPMORGAN CHASE & CO 20,741 1,288,000 0.63%
70 GILEAD SCIENCES INC 14,996 1,251,000 0.61%
71 SOUTHWEST AIRLS CO 31,484 1,235,000 0.60%
72 VISA INC 16,451 1,220,000 0.60%
73 VANGUARD INDEX FDS 12,397 1,059,000 0.52%
74 VERIZON COMMUNICATIONS INC 17,108 956,000 0.47%
75 ISHARES TR 12,606 937,000 0.46%
76 SELECT SECTOR SPDR TR 11,880 927,000 0.45%
77 VANGUARD INTL EQUITY INDEX F 26,053 918,000 0.45%
78 ISHARES TR 16,182 903,000 0.44%
79 MID AMER APT CMNTYS INC 8,406 894,000 0.44%
80 MERCK & CO INC 15,119 871,000 0.43%
81 SPDR S&P 500 ETF TR 3,893 816,000 0.40%
82 VANGUARD INTL EQUITY INDEX F 16,898 788,000 0.39%
83 COCA COLA CO 17,087 775,000 0.38%
84 ISHARES TR 6,525 762,000 0.37%
85 ISHARES TR 18,828 751,000 0.37%
86 SPDR SERIES TRUST 21,775 730,000 0.36%
87 STARBUCKS CORP 12,194 696,000 0.34%
88 LIBERTY PROP 17,393 691,000 0.34%
89 AMERICAN ELEC PWR INC 9,595 673,000 0.33%
90 ISHARES TR 5,700 665,000 0.33%
91 BRANDYWINE RLTY TR 37,483 630,000 0.31%
92 VANGUARD INDEX FDS 5,924 624,000 0.31%
93 ISHARES TR 6,125 619,000 0.30%
94 SPIRIT RLTY CAP INC NEW 46,938 599,000 0.29%
95 ALPHABET INC 836 578,000 0.28%
96 UDR INC 15,414 569,000 0.28%
97 CARDINAL HEALTH INC 7,300 569,000 0.28%
98 ALEX REAL ESTATE EQ 5,344 553,000 0.27%
99 INTERNATIONAL BUSINESS MACHS 3,639 552,000 0.27%
100 DIGITAL RLTY TR INC 4,722 515,000 0.25%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-004183, filed 2016.08.08).

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.