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Institutional Investment Manager
Capital Advisors, Ltd. LLC
Capital Advisors, Ltd. LLC (CIK: 0001597878) incorporated in Ohio, located at 20600 Chagrin Blvd, Shaker Heights, OH. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 322 holdings with a total value of $183,538,000.
#
Name
Shares
Value ($)
%
Options
Notes
301 GUGGENHEIM BULLETSHARES 2015 CORPORATE BOND ETF 89,805 1,946,000 1.06%
302 CLAYMORE EXCHANGE TRD FD TR 87,865 1,966,000 1.07%
303 ALPS ETF TR 115,185 2,018,000 1.10%
304 ISHARES TR 60,762 2,047,000 1.12%
305 VANGUARD INDEX FDS 22,076 2,340,000 1.27%
306 ISHARES TR 39,570 2,441,000 1.33%
307 VANGUARD INDEX FDS 31,076 2,517,000 1.37%
308 VANGUARD INDEX FDS 30,071 2,838,000 1.55%
309 POWERSHARES ETF TRUST 246,415 3,327,000 1.81%
310 VANGUARD INDEX FDS 34,133 3,563,000 1.94%
311 ISHARES TR 69,323 4,218,000 2.30%
312 ISHARES TR 37,995 4,481,000 2.44%
313 ISHARES TR 43,822 5,363,000 2.92%
314 POWERSHARES ETF TR II 152,843 5,802,000 3.16%
315 ISHARES TR 54,923 7,021,000 3.83%
316 ISHARES TR 48,178 7,693,000 4.19%
317 ISHARES TR 202,325 8,190,000 4.46%
318 VANGUARD SPECIALIZED FUNDS 103,283 8,382,000 4.57%
319 SPDR SER TR 112,301 8,849,000 4.82%
320 ISHARES TR 96,098 10,033,000 5.47%
321 ISHARES TR 143,283 13,699,000 7.46%
322 SPDR S&P 500 ETF TR 111,501 22,918,000 12.49%
Page 7 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001597878-15-000001, filed 2015.01.29).

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.