DOW, S&P HIT NEW HIGHS, NASDAQ SURGES 2.

6% Page M3

THE DOW JONES BUSINESS AND FINANCIAL WEEKLY VOL. XCVII NO. 29 JULY 17, 2017 $5.00

BIG OIL:
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WHERE TO
PROSPECT NOW
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Too much spending by U.S. energy

companies is depressing prices.
Why Exxon Mobil, Chevron, and
Suncor look like the best plays.

>
63142

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 230 BBA
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Editorial Commentary by Thomas G. Donlan

XLU
Mailbag I am tired of the those people argument, when the truth is
Mailbag that we people are the real users and drainers of the system.
FRANCINE COHN, Hood River, Ore.

Which Americans
UTILITIES SectorCome
SPDR ETF TopFirst?
Why buy a single stock when you 10 Holdings *
Disruptive Coinage financial institutions believe that block- ing now averages 62%, with some states as ferred assets and still own your home and
chain will evolve into a more efficient high as 75%. For every dollar that a state retirement account is despicable, if not
To the Editor: medium for transferring value or owner- spends, it receives more than a dollar in criminal. I am tired of the those people
Favoring steel producers over consumers is not in the national interest
Company Name Symbol Weight

can invest in the entire sector? A

There is almost no industry that block-
chain will not disrupt (Beyond Bitcoin:
How Blockchain Is Changing Banking,
Cover Story, July 1). Nothing is off the
table. Gold mining will use distributed
ledgers to maintain a record of every
ounce of gold removed from the earth. Di-
amond smuggling will be a thing of the
past. We can put litter on the blockchain
and know not just which countries are the
culprits of filth but also which of those is
BENEFITS
the biggest polluter. INCLUDE:
Provenance, contract signing, the
- S&P
destruction 500
of every Components
function of lawyers,
airplane schedules, lost luggage, and the
expensive -back-office
The all-dayoperations of banks. of stocks
tradability
These are just some of the incredible Perils of Medicaid
applications of blockchain technology. Bit-
- The diversication of mutual funds
coin was only the first of many to come, To the Editor:
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
ship of assets, in fact the elegance and
simplicity of blockchain as illustrated by
Bitcoin may also be the most daunting
obstacle to broader adoption. Despite an
enormous amount of hype and investment
going back nearly a decade, blockchain
remains a technology in search of real-
world relevance beyond the initial applica-
tion of replicating a face-to-face cash
exchange of value. Shame on Barrons for
lending its credibility to this terrible waste
of time and resources.
CHRISTOPHER WHALEN
New York
federal funds. Cost containment and fraud
prevention would reduce the flow of
federal funds. The states are responsible
for Medicaid-fraud reduction and recovery.
As states shares fall, it thwarts any
urgency in this effort.
Twelve states recovered less than
$100,000 in Medicaid-fraud criminal cases
in 2016 (source: Medicaid Fraud Control
Units Statistical Data for Fiscal Year 2016,
Office of Inspector General). Only one of
the 12 had a Medicaid program expense of
less than $1 billion in 2016. Thirty of the
50 states recovered less than $1 million in
Medicaid-fraud criminal cases in 2016.
The total criminal-fraud recoveries rep-
resent one-half of 1% of the governments
own estimates of Medicaid fraud. Reduc-
ing the estimated $70 billion of annual
argument, when the truth is that we peo-
ple are the real users and drainers of the S AMERICAN CHAUVINISTS KNOW RE- than a major issue of national security. Most steel for U.S. military applications
system.
NextEra Energy
flexively, there is nothing more im- America first? WhichNEE Americans? Tariffs comes from10.02% U.S. mills or from mills in friendly
FRANCINE COHN portant to the safety and security and import restrictions may secure profits for foreign countriesnot from China and Russia.
Duke Energy of the U.S. than a strong domestic steel mills and employment for steel workers,
DUK 8.25%
Basic steel production is a pittance in
Hood River, Ore.
steel industry. They see economic protection at least temporarily. But protection will inevi- the total U.S. economy, contributing $36 bil-
Dominion Energy D 7.37%
of steel as the key to military protection with tably drive up the cost of any product. Other lion to U.S. gross domestic product, which is
Anyone who is sure that weapons. American companies are the
To the Editor: Southern SO customers of the 0.2% of total GDP. But the economic value
7.28%
I have been a nursing-home administrator America first is the answer Kevin L. Kearns, president of the U.S. U.S. steel industry. Protectionism wont put added by U.S. firms that use steel is more
for nine years and can say that only one Business
American andElectric
IndustryPower Council, asked recently them first. AEP than $1 trillion5.8%
5.24% of GDP.
person in my list of applicants for Medic- must first ask why steel on behalf of his clients, Who can know the Steel users employ more than 40 times as Trade wars are dangerous and probably
aid over those years was hiding assets or extent
PG&Eand type of military-steel capacity the many workers as those in PCG basic steel-making will harm other 5.21% industries. Since the U.S. is a
makers are more important U.S. might require in a widespread conflict and in steel recycling6.5 million workers for minor exporter of steel, nations aggrieved by
scamming the system.
By and large, most of the applicants I than steel users. Exelon
in the South China Sea, the Korean Peninsula, steel consumers to 138,700 EXC for steel producers. our protectionist 5.10%measures might resort to
review for submission have nothing, live in the Middle East, and Eastern Europe? If U.S. Raising consuming industries costs will in- attacks on globally competitive U.S. indus-
an apartment, a run-down trailer house, or Sempra
mills wereEnergy
reduced to a fraction of their cur- crease prices for consumers SREof manufactured tries, such as 4.34%
agricultural products.
the like. rent capacity or eliminated, our defense goods and energy, including the Pentagon. Import restrictions are always harmful to
Some people may be undeserving, but PPL might fail.
efforts Major issue of national PPL security? How the economic 4.05%interests of the country that
my experience in this industry says that Policies based on unknown unknowns are important is steel? Steel industry lobbyists imposes them, even when a particular group of
Edison to Intl
be dangerous, but President Donald remind us often that it EIX 3.91%

so-called killer apps. And while the The July 1 editorial, Middle-Class Med- fraud in the Medicaid program would most are deserving of help financially with known took 47,000 tons of companies and workers receive higher profits,
- Liquidity
permissionless movement of value is only icaid, highlighted the rising costs of Med- purchase a lot of health care. nursing-home care through Medicaid. Trump gave an order in April for his Com- structural steel to build the aircraft carrier better pay, and more jobs. There is a greater
*Components and weightings as of 6/30/17. Please see website for daily updates. Holdings subject to change.
nominally useful, as Barrons recognized icaid. A reason that nursing care and other JEFF LESTON RON SEMLER merce Department to investigate whether USS George H.W. Bush. Steel armor and steel cost in the lost opportunities to use capital and
- Total
in the cover transparency
story, Bitcoin has truly costs rise is that there is a disincentive for New York Ogden, Iowa imports of foreign steel threaten national guns are what makes a tank a formidable labor in other industries with greater potential
proved the value of the technology on accountability and cost-effectiveness in the security. Commerce Secretary Wilbur Ross, a weapon. Almost all weapons require steel, but for profit, wages, and employment.
which it sits. program. To the Editor: former steel company investor and executive, the reversethat much steel produced is used
- Expenses - 0.14%**
JOSHUA UNSETH The federal portion of Medicaid spend- Getting Medicaid when you have trans- To the Editor: is the chief investigator. for national securityis not true: The entire Self-Defeating Policy
Deerfield Beach, Fla. Cracking down on those who waste their We are going to fight for American work- defense and homeland-security realm con-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

assets in order to receive Medicaid bene- ers and American-made steel by conducting a sumes only 3% of the U.S. steel industrys do- The steel industry and friendly U.S. adminis-
fits for long-term care doesnt address the thorough investigation into steel imports, mestic shipmentswhich totaled 86.5 million trations have dragged us down this road
To the Editor: real issues concerning Medicaid or, for said Trump in a White House press release. tons in 2016. (Exports were 9.3 million tons and before. In 2002, George W. Bush imposed tar-

The next chapter in investing

Such investigations are often commis- imports were 30 million tons, according to the iffs of up to 30% on most types of imported
Blockchain technology is an exciting inno-
vation for the global community, in that
that matter, the entire health-care system.
The real issue is costs. sioned in Washington, and not just by the U.S. International Trade Administration.) steel, and it worked as we expected: A trade
speed, accuracy, and security for every Why can insurers and pharmaceutical Trump administration. All presidents seem to Steel is one of the most important interme-
Visit www.sectorspdrs.com groupor of
callsteel-consuming
1-866-SECTOR-ETF industries reported
transaction exceed any other system benefit managers negotiate with drug know the passage in Alices Adventures in diate goods in the world, right up there with that their members cut 200,000 jobs.
currently in use anywhere in the world. companies, but Medicare cannot? Why are Wonderland where the Red Queen outlines oil as a constant national-security concern. But Richard Nixon, Jimmy Carter, Ronald Rea-
However, the term currency is a mis- hospitals allowed to merge, creating mo- the judicial process: Sentence firstverdict as with oil, the worriers dismiss the fact that gan, and George H.W. Bush also ignored what
leading choice of names, as currency nopolies in many areas? Why dont we afterward. steel is one of the worlds most widely pro- little they knew about economics in favor of
seems to imply a relatively stable value, crack down on unnecessary testing? Why An investor should consider investment objectives, risks, charges and expenses carefully duced before investing.
commodities. U.S.Todefense
obtain aindustries
prospectus,satisfying
which contains this andneeds.
their political other
and, as the article points out, it will be is end-of-life care such a large share of to- Delayed Deadline
information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the prospectus carefully before investing. can buy it at home or abroad, at prices that Protecting steel and other industrial neces-
too illiquid to use for daily purchases, and tal health-care costs? reflect international supply and demand. sities is supposed to solidify national defense.
will be mostly a store of value. Bitcoins, Unless we work something out, we will The S&P 500, SPDRs, and Select Sector SPDRs areRoss started
registered work of
trademarks immediately andFinancial
Standard & Poors said aServices Driving prices
LLC. and have upwith
been licensed 152The
for use. antidumping
stocks included inBut
eachprotectionism
Select Sector Indexactually hardens the eco-
were selected
Ethereum, etc., are currently too unstable have a single-payer system run by the completed report would be sent to the White and countervailing duties now in place on steel nomic arteries of commerce. Industries pro-
by the compilation agent. Their composition andHouseweighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks
to qualify as a practical alternative to government the next time the Democrats by June 30. Operating at a pace that and steel productsfortunately hasnt worked. tected from world markets lack incentives for
that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market
seems to be the new normal for government in These efforts have had little practical effect, excellence and leave the rest of the nation
major currencies like dollars or euros. control the White House and Congress.
RONALD E. MILLER LEON GRAIFER
value of all domestic common stocks. Investors action,
cannot invest
Rossdirectly
hasin not
an index.
yetTheissued
S&P 500either
Index figures
a do nothave
and reflectnot
anysubstantially
fees, expenses oralleviated
taxes. Ordinary
the brokerage
nega- commissions
deprived ofapply. ETFs are considered
innovation and efficiency.
Branford, Conn. Syosset N.Y. transparent because their portfolio holdings aresentence
disclosed daily. Liquidity
or a verdict. is characterized by a high level of trading activity.
tive effect of global excess capacity on the As Catos Pearson concludes, Limiting
So things could be worseand probably will United States steel industry, according to a steel imports creates a genuine threat to
To the Editor: Select Sector SPDRs are subject to risks similar be:
to those
Theofpresident
stocks, including those regarding
has broad short-selling
congressional au- andrecent
margin account
Commerce maintenance. All ETFs are
Department factsubject
sheet.to risk, including
economicpossible loss of principal.
growth Funds It is very
and prosperity.
Send letters to: focusing on a single sector generally experiencethority
greater to
volatility.
impose Diversification
tariffs anddoes notprotections.
other eliminate the risk of experiencing
Daniel R.investment
Pearson,losses.
a senior fellow at the difficult to build a stronger national defense
Is it really possible that Barrons has
Barrons Mailbag, 1025 Connecticut Ave.,
Paul Kales for Barrons

guzzled the blockchain Kool-Aid? The
blockchain is an extremely costly and
inefficient technology. The only practical
use for what people call blockchain is the
Bitcoin digital currency. While a number of
We hope (but dont expect) that the Trump Cato Institute and a former chairman of the when the economy is made weaker.
Washington, D.C. 20036. Fax: (202) 862-6633.
Email: Mail@Barrons.com. To be considered **Gross & Net Expenses are the same 0.14%. administration is realizing that protection of U.S. International Trade Commission, reels
for publication, correspondence must bear the the U.S. steel industrys sales to the Depart- off more reasons that the Trump administra-
writers name, address, and phone number. ALPS Portfolio Solutions Distributor, Inc., ament of Defense
registered involves
broker-dealer, a lot more
is distributor forthan a tion
the Select should
Sector SPDR renege
Trust. on Trumps many promises Editorial page editor THOMAS G. DONLAN
These days, leasing your soul is a better option. Letters are subject to editing. simple America first policy and a lot less to protect steel. receives e-mail at tg.donlan@barrons.com.
 4 BARRONS July 17, 2017

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Barrons Best Online Broker in 2016 & 20171 Yes No No No

Table compares pricing for retail investors.

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 Table of Contents

s 2017 Dow Jones & Company, Inc. All Rights Reserved. July 17, 2017
Pullouts Begin After Pages 16 & M20

Whirlpool Could Rise 35% Robin Goldwyn Blumenthal 14 Columns

The appliance maker is cleaning up after an acquisition spree that gave
Up & Down Wall Street
it better exposure to Europe, China, and India. Randall W. Forsyth
Charting the Market M2 The steady and eerily calm
The Trader ascent of stocks. Ideal qualities
Vito J. Racanelli Putting a Price on Research Bill Alpert 15 in a Federal Reserve chief. 7
Stocks soar to new highs, Europes new MiFID II regulation could have unintended consequences
Streetwise
propelled by a dovish Fed. for all investors, if it causes spending on investment research to shrink. Kopin Tan
Why Cisco seems overlooked Hollywoods plans for premium
and Verint looks overvalued. M3 video-on-demand dim hopes for
European Trader A Lucrative Business Under Its Belt Nicholas Jasinski 16 movie-theater chains. 9

m
Victor Reklaitis SIZING UP SMALL-CAPS: Orion Engineered dominates the growing market
Adidas could double as it trims Review & Preview
for specialty carbon black, an additive used in paints, plastics, and more. Political bickering is bad for
costs and pumps up profits. M6
the economy. Making the grade
Asian Trader with back-to-school sales. 10
Daniel Shane Savvy Plays in the Energy Patch 17
BIG Andrew Bary Follow-Up
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Cosco and Orient team up to

OIL
ride the shipping recovery. Still bullish on Visteon. 13
COVER STORY: Chevron, Suncor, Range Resources,
Bad news for Hong Kong? M7
and Apache are among the names that could snap Tech Trader
Emerging Markets back on bottom fishing or an upturn in oil prices. Tiernan Ray
Dimitra DeFotis Microns amazing run could
Telefnica Brasil and other soon be a distant memory. 20
attractive dividend stocks. M7 Mutual Funds: Reining In Risk Sarah Max 21 Fund of Information
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Winners & Losers M8 PROFILE: Fidelity Total Bond fund manager Ford ONeil is reducing his Crystal Kim
Current Yield exposure to high-yield bonds while ratcheting up his TIPS holdings. Saba Capital offers a new way
Amey Stone to buy closed-end funds. 22
Ripple effects from Puerto
Ricos debt restructuring Our First-Half Report Card Avi Salzman 24 ETF Focus
Lewis Braham
create opportunities. M9 Our bullish picks for the first six months of the year fell short of their AdvisorShares Focused Equity
Research Reports M10 benchmarksbut our skeptical stories were spot on. is the first ETF to charge a
performance feebut is it
Insider Transactions M10 worth it? 23
Striking Price Feeling Great About Health Care Johanna Bennett 26 Economic Beat
Steven M. Sears Q&A WITH JASON KRITZER AND SAMANTHA PANDOLFI: The co-managers of
How to prepare for the Gene Epstein
Eaton Vance Worldwide Health Sciences see value in Vertex, Zoetis, Watching the yield curve for
inevitable market pullback. M11
Gilead Sciences, and Shire. Focusing on innovation, not legislation. signs of the next recession. 25
13D Filings M12
Speaking of Dividends
Commodities Corner
Simon Constable The Appeal of India and China Steve Garmhausen 28 Jack Willoughby
Intuit, Tyson, Allstate, and
Corn prices set to pop. M13 BEST ADVICE: Freestone Capitals Erik Morgan, our top-ranked advisor other stocks likely to deliver
Market Watch M14
in Washington state, is steering away from an expensive U.S. market. long-term dividend growth. 25

Cover Photograph: Index to Companies . . . . . . . 12

Cultura RM / Masterfile Two Sides to Tariffs Thomas G. Donlan 31 Mailbag Blockchain technology.
BARRONS (USPS 044-700) (ISSN 1077-8039) Published every
EDITORIAL COMMENTARY: The harm done by protectionist America first Medicaid fraud. . . . . . . . . . . . . 30
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 6 BARRONS July 17, 2017

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Then theyre boundless.
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 July 17, 2017 BARRONS 7

Up & Down Wall Street

The Perils of Bliss

by Randall W. Forsyth

A
NOTHER WEEK, ANOTHER RECORD. THE STANDARD time, this environment is increasing the potential for a major
& Poors 500 index and the Dow Jones Industrial loss event, Singer concludes.
Average ended on Friday at record highs, with Even the perennially bullish folks at Evercore ISI are
respective gains of 1.4% and 1%, while the exhibiting some wariness, as evidenced in a report last week
Nasdaq Composite posted a 2.6% advance for the week, for titled, Creating Another Asset Bubble, a la the 1990s. The
its second-highest close on record. slide in oil prices in that decade led to lower interest rates,
And yet the climb has totally lacked anything approaching which led to a nearly fourfold expansion in the S&P 500, with
excitement. Most obviously, that most overused financial sta- price/earnings ratios close to 30 times.
tistic, the CBOE Volatility Index, or VIXthe And while a synchronized global increase in
gauge of S&P 500 options volatilityhas slunk interest rates is underway, it is coming from
back into single digits. But the steady and Investors have become unprecedentedly low levels, Evercore contin-
eerily calm ascent of stocks has any number of ues. The sea of liquidity from the central banks
lulled by the recent
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

observers warily looking over their shoulders. is creating a tsunami of announcements of

For one thing, the stock market has gone a calm in the markets transactions putting that money to work. The
long stretch without approaching anything Fed may not be getting the inflation it wants in
resembling a correction. Forget about a 10% and prepared for goods, services, and wages. But it is getting
dip, the arbitrary definition for a correction; it only minor risks. asset-price inflation, the firm concludes.
has been more than a year since there has been The reason the Federal Reserve may be
so much as a 5% pullback in the S&P 500, falling short of its inflation target may reflect
according to Ryan Detrick, senior market strategist at LPL technology more than monetary effects, however. The Depart-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Financial. Its only the sixth time since 1950 that the S&P has ment of Labor reported on Friday that consumer prices were
gone 12 months without a 5% dip, and its the longest period up 1.6% over the past year, while core prices (excluding food
without such a shallow decline since 1995, he adds. and energy) rose 1.7%. Thats below the Feds 2% target
All of which may leave investors unprepared for volatility. based on another measure, the personal consumption deflator.
Smooth seas do not make skillful sailors, according to an old That target may be too high, given disruption from
proverb repeated by Brian Singer, head of the dynamic technology and globalizationforces that, if anything, are
allocation strategies team and portfolio manager at William strengthening, writes Michael Gregory, BMO Capital Mar-
Blair & Co. kets deputy chief economist. Specifically, he cites Amazon-
Investors have become lulled by the recent calm and pre- .coms (ticker: AMZN) proposed takeover of Whole Foods
pared for only minor risks. There hasnt been a major market Market (WFM), the disinflationary effect of which was
event for some time, Singer writesnot since the third quar- discussed at length here when the deal was announced (Is
ter of 2011, when the European debt crisis came to a head. the Federal Reserve Living in the Real World? June 17). If
Meanwhile, volatility has been smothered by easy money central banks stop trying to boost price inflation, by exten-
from central banks and regulatory policiesfrom Dodd-Frank sion they wont be feeding asset inflation.
rules to Basel III capital requirements and European Union One cannot swing a cat without bumping into some pun-
solvency rulesall of which Singer says reduce the frequency dit thinking they have revealed a great truth by penning a
of loss events. missive about the calm before the storm, writes Harley
Instead of making the financial system safer, he says, Bassman, a longtime derivatives pro writing at his blog, The
these efforts are analogous to fences erected on mountains to Convexity Maven. What concerns him are the risks embed-
prevent avalanches, which hold off small slides but increase ded in portfolio structures that, based on standard theory,
the risk of larger, more dangerous events. appear to financial sophisticates to be low risk. (Check the
And thats what we have today. Weve created an environ- blog for an in-depth explanation.)
mentfor an extended periodwhere we have a decreased The current low-volatility environment may be hiding risk,
frequency of loss events, an accumulating risk of a major like the avalanche barriers, especially if central banks figure
event, and a bias that does not contain the wisdom of navigat- out theyre feeding asset inflation on Wall Street without
ing any such event. So, market volatility is low. At the same boosting inflation on Main Street.
 8 BARRONS
GAINING B
THE EDGE
HEDGE FUND INVESTOR
LEADERSHIP SUMMIT
November 2-3, 2017 | New York City
     
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Network with over 300 vetted hedge fund
investors and many of the top hedge fund
organizations in midtown Manhattan.
Over 50 leading hedge fund investors will
share insights into the current state of the
hedge fund industry to generate debate
about the various ways to enhance the risk
adjusted returns of a diversified hedge fund
portfolio.
The last two events sold out well in
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Up & Down Wall Street continued
Y NOW, IT SHOULD BE OBVIOUS THAT
there are no coincidences, espe-
cially in Washington these days.
Just before Fed Chair Janet Yellen
was to begin two days of biannual congres-
sional testimony on the economy last week,
Politico ran a story that Gary Cohn, the di-
rector of the National Economic Council,
would be President Donald Trumps pick as
Fed chief if he wanted the job.
That story almost certainly was planted
so Yellens inquisitors could ask her about
serving another term. If nothing else, it pro-
vided an intelligent question to break up the
others, such as the one posed by one blither-
ing idiot of a congressman (although, as
Mark Twain noted, that description is
redundant): Does the Fed take into account
the soaring national debt in its deliberations?
Yellen duly expressed her concern about the
ever-rising number without mentioning that
it was the work of this numbskull and his fel-
low House and Senate members, whose job
it is to oversee spending and taxation.
In any case, the parlor game of who
might be the next Fed head when Yellens
term ends next February has begun. Right
now, it resembles the race of characters rep-
resenting famous presidents featured at the
seventh-inning stretch at Washington Na-
tionals games. According to a Wall Street
Journal poll of 63 economists, Yellen actually
leads the field, albeit just barely, with 20.8%
of the economists queried. Cohn came in sec-
ond, with a 13.7% chance.
Cohn is heading the White Houses search
for the next Fed chief, which brings to mind
Dick Cheneys effort to find a vice presiden-
tial running mate for George W. Bush and
discovering that the ideal candidate was none
other than Dick Cheney. Cohn, of course, was
the former president of Goldman Sachs
Group (GS), which would put him in good
stead with other heads of central banks, no-
tably the European Central Banks Mario
Draghi and the Bank of Englands Mark
Carney, both of whom worked at Goldman.
Goldman honchos typically have wound up
as Treasury secretaries, as with Robert Ru-
bin under Bill Clinton and Henry Paulson
under Bush 43. As Fed head, Cohn would
share two attributes. He would be the first
not to have a Ph.D. in economics since G.
William Miller, Jimmy Carters hapless Fed
chairman for all of 17 months, until Paul Vol-
cker came to the rescue to defeat inflation
and make the dollar again worthy of respect.
But Cohn wouldnt be the first financier
to head the central bank. William Mc-
Chesney Martin, who was Fed chairman
from 1951 until 1970, was called the Boy
Wonder of Wall Street and had been the
New York Stock Exchanges first paid presi-
July 17, 2017
dent before going to Washington as an assis-
tant Treasury secretary prior to taking the
reins of the central bank.
The chairmanship of the Fed is where
economics meets politics, and not always
neatly. Martin was famous for his Fed job de-
scription, which involved taking away the
punch bowl when the party started. His ten-
ure is now viewed as a golden era for the
U.S. economy, a combination of strong post-
war growth with subdued inflation that lifted
living standards for average Americans.
That, however, occasionally led to clashes
with the White House, notably Lyndon John-
son, who opposed Fed interest-rate hikes
that would complicate his guns-and-butter
policies during the mid-1960s.
Richard Nixon wanted his own Fed chair-
man and installed Arthur Burns, a widely
respected economist who had warned Nixon
ahead of the 1960 presidential race that tight
monetary and fiscal policies would hurt the
economy and his chances against John F.
Kennedy. Once in the White House, Nixon
wanted a loyalist at the central bank and
nominated Burns after Martins term ended.
The result: the end of the Bretton Woods
system to maintain a stable dollar, soaring
money growth, a jump in oil prices, and the
introduction of a new conceptstagflation
that would characterize the 1970s.
Volcker, like Martin, ultimately proved to
be nettlesome in his independence, so Ronald
Reagan named Alan Greenspan as Fed chair-
man in 1987. George H.W. Bush would blame
his Feds policies for his defeat for re-election
in 1992. Greenspan got along fine with subse-
quent White House occupants. At Bill Clin-
tons first address to Congress in 1993,
Greenspan sat prominently next to Hillary.
And by the time Dubya succeeded Clinton,
Greenspan was hailed as The Maestro
that is, until the housing bubble that inflated
at the end of his term exploded on Ben Ber-
nankes watch. This history suggests that po-
litically malleable Fed chairman dont always
deliver ideal policies. Fiercely independent
ones, such as Martin and especially Volcker,
have done better.
As for Cohn, without knowing what hes
thinking, the impression is that he went to
Washington to be, as the song from Hamil-
ton goes, in the room where it happens. That
would be in the White House, perhaps as
chief of staff, or another post where he can
shape Trump administration policies. Trump
also has declared himself to be a fan of low
interest rates, and Yellen, hiking rates from
near zero, doesnt seem averse to them. And
he does appear to have a few things on his
plate other than who runs the Fed. 
email: randall.forsyth@barrons.com
 July 17, 2017 BARRONS 9

Streetwise

The Last Picture Show

by Kopin Tan

SUMMER IS HIGH SEASON FOR GOING TO THE MOVIES, WHEN THE- Make no mistake: Movies arent dead. Directors with big budgets and bigger
aters earn nearly 45% of their annual take. Yet movie-theater egos will insist their work must be seen on the big screen (and some of them will
stocks are wilting as the mercury rises, and plumbing 2017 be right). But it is unrealistic to think movie distribution is immune to technol-
lows. This may not have a happy ending. ogy. Live music, vinyl records, and books printed on paper all continue to exist
Against a rallying stock market, cinema stocks have suf- in the age of digital distribution, but they exist in a changed state.
fered declines this year of 34% for AMC Entertainment Hollywood is no stranger to change. Movie-going might have peaked in 1946,
Holdings (AMC), 5% for Regal Entertainment Group (RGC) when a whopping 57% of Americans went to the movies weekly. Then came a
and 1% for Cinemark Holdings (CNK). In Feb- television boom that some say is in a second golden age, and youn-
ruary, AMC raised millions by selling shares at $31.50; they now Premium video-on- ger generations that watch shows ongasptheir phones. From
fetch $22. You can blame the mediocre summer box office on fran- 2007 to 2016, total domestic box-office receipts increased from
chise fatigue, a chronic case of sequelitis, and more beguiling demand can benefit $9.6 billion to $11.4 billion, but annual theater admissions per capita
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choices on HBO, Netflix (NFLX), Amazon.com (AMZN), and shrank from 4.4 to 3.8, a sign that revenue growth came from rais-
Hulu. And just as technology is changing how we shop or hail a
movie studios, but ing ticket prices.
ride, it is stalking that hallowed temple of American entertainment theaters have Theater operators can blame studios for churning out movies
we call the movie theater. that dont help their cause. Once upon a time, the June-to-August
Studios and distributors are debating how best to roll out pre- much to lose. stretch introduced Americans to movies like Jaws, Grease, Meat-
mium video-on-demand, which lets viewers watch a movie at home balls, Raiders of the Lost Ark, E.T., Back to the Future, Ferris
for, say, $30 to $50 within a day to 50 days after it hits the big screen. Among Buellers Day Off, Stand By Me, Bull Durham, Ghost, Jurassic Park, Speed,
the questions Hollywood is mulling: How much are Americans willing to pay, and and, of course, Wet Hot American Summer. Summer movies have always tar-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

how far can the industry compress the 90-day window between theatrical and geted the young, or young at heart, but these days they seem to be made for
home-viewing release? The options being considered vary with the studios, which juveniles with a spandex-and-superhero fetish.
run the gamut from Universal Picturesowned by Comcast (CMCSA), which
already pipes content into your hometo Walt Disney (DIS), which sits atop the Hopes run high that flat year-over-year revenue will rebound with fourth-
2017 box office with hits like the remake of Beauty and the Beast and Guardians quarter releases of Star Wars: The Last Jedi, Justice League, and Thor: Rag-
of the Galaxy 2, and sees no need to rock the boat. norak, plus more sequels including A Bad Moms Christmas, Daddys Home 2,
Premium video-on-demand can benefit studios, but theaters have much to Pitch Perfect 3, and Saw 8. We used to look to TV for recurring characters, but
lose. It wont increase the cost of making a movie, but studios can now woo home now its movies that trot out the same characters, time and again. Often, what
audiences while the buzz from theatrical release is still fresh, and they can spend passes for innovation is the casting of a new actor in an old role, which has seen
less money marketing anew to home viewers. us go through five Batmen in 28 years, and three Spidermen in 15.
A Morgan Stanley survey found 25% of respondents keen to try the format, Theater operators have responded first with multiplexes that seek to offer
and since these are already regular moviegoers, theres a risk of cannibalization. something for everyone, and now by touting premium seating and gourmet con-
Among the firms assumptions: It will take three years for the format to take cessions, for which they charge more. But thats a little like renovating the deck
hold. Studios will collect a 55% share of the $9.70 estimated average ticket price chairs on a sinking ship. Besides, we already have premium seating at home,
in 2020, versus an 80% share of the premium video-on-demand price of $35, split without the olfactory onslaught of someone scarfing down nachos.
between two home viewers, on average. For studios, this makes premium video- Theater stocks fetch 19.8 times projected profit today, just below a five-
on-demand worth two or three times more per user than movie tickets, and col- year average of 22 times. The stocks will be volatile as studios toy with new
lapsing the theatrical window is a risk worth taking, writes Morgan Stanley an- distribution, and while they might retreat to levels that justify short-term
alyst Benjamin Swinburne. He estimates video-on-demand could generate $2 bounces, the long-term pressure remains. The U.S. has more than 40,174 movie
billion of incremental revenue for studios. On the other hand, he sees a cash-flow screens. Thats roughly 124 per million people, compared with 30 in China, 13
hit of about 25% for Regal and 15% for Cinemark (the firm doesnt cover AMC). in Brazil, and two in India. Expect the number of big screens to shrink over
Credit Suisse analyst Omar Sheikh says studios will push hard to begin pre- time. Turns out Norma Desmond may have been right after all: Its the pictures
mium video-on-demand in 2017, and that theaters have less leverage over stu- that got small. 
dios than studios have over them. He trimmed price targets for AMC, Regal
and Cinemark in late June. email: kopin.tan@barrons.com
 10
22 BBA
ARRRRO
ONNSS July
July 17,
17, 2017
2017 July
July 17,
17, 2017
2017 BBA
ARRRRO
ONNSS 23
11

position as a credit analyst and, eventually, a early 2016;

portfolio manager.
Review inflation didnt need to increase a
whole lot for TIPS to outperform.
Fund of Information ETF Focus Preview sell and replace five of his choosing at the end of each year. Otherwise, Elfenbein looks
for high-quality businesses that dominate their industries based on his own analysis,
Early in his career, he says, a managers ONeil has since increased his TIPS posi- which his fans have grown accustomed to at his popular blog Crossing Wall Street.
currency was his or her ability to uncover in- tion to more than 6% of the funds assets, fo-
formation. Today, its just the oppositeits cusing on intermediate and longer-term
the ability to sift through all the informa- bonds. With unemployment at 4.4%, wage
Last Week: Review This Week: Preview A lot of investors always ask, Whats the formula? he says. They want to be wed-
ded to one particular statisticprice/earnings ratio, etc. I always say: Look at every-
thing. Look at the business and how its run.
tion, says ONeil, who spends most of his growth, which drives inflation, is imminent. Crossing Wall Street has a Buy List identical to the ETF, and Elfenbein has

Good Intention, Meh Execution

updated it annually for 11 years. That Buy List produced a 169% cumulative return,
Actively Seeking Discounts
day on Fidelitys fixed-income trading desk If were right, there is going to be a larger
in Merrimack, N.H. total return for those [longer duration] versus 127% for the S&P 500, and is the reason the $12 million ETF exists. But unlike
ONeil is ultimately responsible for the securities, he says. The funds overall dura- the ETF, the blog doesnt have management fees and doesnt execute actual trades.
fund, but he credits his co-managers, trad- tion, recently 5.4 years, is slightly less than Even if Elfenbein doesnt consider index ETFs a competitor, there are actively
ers, and team of more than 100 fixed-income the Bloomberg Barclays U.S. Aggregate. by Crystal Kim by Lewis Braham managed funds that charge less than Elfenbeins lowest rate of 0.65%and many of
Dow Indicator
analysts with helping him synthesize infor- Likewise, in early 2016 the team started
Dow Industrials 21637.74 + 223.40 Dow Global Index
PEOPLE LOVE A GOOD DEAL. WHILE CLOSED-END FUNDS DONT
366.18 + 7.47 10-Year Treasury Bonds 2.32 0.07 For more
WHEN DOES A GOOD IDEA BECOME A GIMMICK? ADVISORSHARES FOCUSED EQUITY RAISES them have much longer track records. In the ETF space, Elfenbeins most direct com-
A Retail Rebound of Sorts
mation, both from the macro-economic level handpicking energy names, both investment typically inspire quite the frenzy of Amazon Prime Day, they
Monday 17: Iranian Foreign Minister Mohammad
that question. Launched last September, its the first exchange-traded fund to charge petition is Davis Select U.S. Equity (DUSA), which has an expense
and from ground-up analysts findings. Once grade and high yield, that were dragged
Upbeat on Economy
do have a following, which is now being offered a new way to
Mortgage Pact Reached
a performance-based
information
Standard
economic
about comingfee, which rewards manager Eddy Elfenbein if he beats the
& Poors 500 index, and punishes him if he doesnt.
reportsand
Back to School: It Rocks
ratio of 0.6%. Management firm Davis Advisors has a deep bench of ETF Table,
analysts poring over the stock market every day. Elfenbein has no Barrons.com
he has a plan for allocating assets, he works down by the rout in oil prices.
withThe hisIndex
team of Partisan
to build Bickering
the portfolio, bond by troleum, for example, Federal
Anadarko
is an investment-
Pe-
Reserve Chair Janet Yellen
He Said:buy them.
Closed-end funds, or CEFs,Royal are essentially actively man-
Bank of Scotland Group what theyElfenbein
meango sees Javad Zarif gives a speech about the Middle East at
to the fee structure as a way of aligning his interests with those of analysts. Its just me, he says. I should say I get a great deal of
Itsaged almostmutualan
Political Conflict Quantified grade name that was priced
to be a high-yield name,
painted
as if aitpositive
economy
was going
he says.inThe her fund
picture of the
semiannual testi- embarrassment
fundsusually fixed
trade securitiesthat trade likeFederal
agreed
incometo pay $5.5 billion
or other
Housingdifferent
stocks. Theyre
to the
harder-to-
Finance from Agency to
shareholders.
Barrons.coms
behindCalendar.
Economic
freeI view investors as partners in the fund, he says. One of the ideas
the Council on Foreign Relations in New York. help and feedback from my [blogs] readers, who are all over the world. But his read-
that is to say, Your pain or gain is my pain or gain. I dont make 2% of assets ers arent paid 0.65% for updating a portfolio once a year.
Fidelity Total Bond found deals in emergingmony to Congress,
markets, includingand said she exchange-traded being an inAmerican
funds, that they dont havesettle an investigation
a mechanism that keeps into its
thesales in fees no matter what we do. I have skin in the game. There are also excellent competitors in the mutual fund space with performance-
debt in Brazils Petrobras expects andforces
Pemex holding
in down con- funds net asset value in line with the share priceso of toxic
CEFsmortgage-backed
can trade at asecurities
dis- Those are noble sentiments. The problem is that the base management fee of the based fees. Two of the largest are the $1.6 billion Fidelity Trend (FTRNX) and the
1-Yr
Total Return*
5-Yr 10-Yr Mexico. We also liked sumer prices
pipelines that to hap-
recede in coming citizen traveling
count or premium to its holdings. For some investors, beforethats
the financial
enough:crisis.
They buy Monday 17
fund (ticker: CWS) is 0.75% and can range Tuesday 18
only from 0.65% to 0.85%0.65% if the funda yoga-studio
Works, $114 billionchain,
Fidelity Contrafund
prices five (FCNTX), both of which charge base fees of 0.55%,
FTBFX 1.5% 2.9% 5.1% months,
pened to get lumped in as an energy play, which will allow the Fed to
on expectations around that thethediscount will shrink or disappear altogether. Sometimes trails the S&P 500
The Empire manufacturing index for by two percentage points or more in the
Bank of America, Goldman Sachs,trailing 12 months, and
million which
shares at can
an rise or
average fall
$13 0.2%
each. on performance. Both funds have handily beaten the S&P
Trouble in IPO Land
Bloomberg Barclays he says of such master limited maintain its regime of gradualthat
partnerships in- happens world...We
naturally, as more allinvestors
have are drawn to the fund. And sometimes July is0.85% if the fund beats it by that or IBM,
reported. more.Johnson
Meanwhile, you can buy
& Johnson, the iShares Core 500 over one-, three-, five-, 10-, and 15-year periods.
TD Amer-
U.S. Aggregate Bond 0.6 2.0 4.5
as Kinder Morgan (KMI) terest-rate increases.
and Williams to get
activist investors step our actthe funds management
in to force Two recent, high-profile initial pub-
to address the discount.
lic offerings teetered. The invest-
S&P 500 ETF (IVV) for 0.04%. But,itrade,
onfunds.
second-quarter
says Elfenbein, I dont see
and UnitedHealth us ashold
Group in competition 20
Thursday Harkening back to the old star-manager model, the new ETF requires investors
Top 10 Categories % of Portfolio Partners (WPZ). Enter Saba Capital Management: The New York hedge fund firm, founded Chinawith
reports
index This is forgross
people who are stock pickers. They
earnings conference calls. like to beat the market. to trust Elfenbeins admittedly biased judgments. Last year, he dumped Wells Fargo
U.S. Treasuries 31.6%
A Tonic for the Markets
ONeil has since retreated from risk
together or we ment bank that led Snaps IPO
by Boaz Weinstein, started buying CEFs in 2013. (If Weinsteins name is familiar,
domesticIn product,
a worldand of on monthly in- ETFs, Elfenbein is a throwbacka truly active
computer-run Look for a relatively robust outcome for
man- (WFC) from his Buy List over its With all of the
fake-account woes besetting
scandal. Honestly,the retail
I just gotsector, there
so angry
Yellens dovish talk boosted securi- wont do what were slashed its price target for the dustrial production and retail sales. The Senate Finance Committee looks at the Philly Fed index for July, says
Corporate Investment Grade 23.3 reducing his position across virtually every its probably because in 2012 Weinstein made a killing by being on the other side ager who relies on qualitative judgments instead of quantitative rules-based screens. at the company, he says. I just didnt trust them. Thats what it came down to. Thatcon-
is one bright spot: back to school. This year, retail
ties, with major averages hitting Snapchat parents stock; shares fell comprehensive tax reform. RBC Capital Markets. Also on the
Agency MBS 18.0 fixed-income categoryand raising the funds
records. On the week, the Dow of an outsizesupposed
derivatives bettoby do for
JPMorgans London
belowWhale.)
their IPO Last
priceyear, Saba
of $17 for the
IranianThe only rules
Foreign his ETF
Minister follows are that it equal-weights his favorite 25 stocks and will same wordtrustis also criticalsultant
Mohammad
agenda: leading indicators for June
when buying
Customer thisGrowth
fund. Partners is forecasting that
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

The notion that Washington hasnt beenTreasury

this politically
position to nearly Javad Zarif delivers a speech on cur- A House subcommittee holds a hearing
Corporate High Yield 7.3
Jones32% of assets,
Industrial Average gained acquired shares the of CEFs from Clough Capital Partners,
average first time.as poor performance
Meanwhile, meal-delivery and initial jobless claims. back-to-school sales growth will accelerate to 4.1%
more ofthan double what1%, it was rent developments in the Middle East on the Cost of Being a Public Com-
divided in years is no longer merely
TIPS 6.7 the stuff cable-TV to a arecord
year 21,637.74,
ago. andresulted
the in mass selling and excessively wide discounts
Americans. startuptoBlue
NAV.ApronSabasHoldings
big stake suf- from 3.6% last year. The consultant projects total sales
The risk assets we purchased are priced for in three of Cloughs funds allowed it to force management at the Council on Foreign Relations in pany in Light of Sarbanes-Oxley and The Bank of Japan announces its deci-
Leveraged
scrumsLoans and cocktail-party chatter. 5.0 Now we have statistical Standard & Poors 500 Index hit a fered declines that leftaits
to agree to tender
shares of $564 billion, which is a ton of paper, pens, and new
perfection, New York. the Federalization of Corporate Gover- sion on interest rates.
Emerging Markets
proof of the contention. Even worse, 4.6
partisan conflict he maysays. There
record isnt
2459.27,a lot
up of offer, whichJ.P.Morgan
1.4%. Treasury will take placeChasein August, allowing shareholders
some 25% below to sell a portion
their of
offer price.
nance. duds. In fact, the forecast covers all Census Bureau
CMBS
also be slowing economic growth.
2.2 value and very little margin pricesfor error.
rose, with the yield on their
the sharesCEO back to Clough
Jamie Dimonat a price very close to the NAV. Clough also agreed The Senate is expected to vote on a The ECB makes its announcement on retail categories, except for cars, gasoline, restaurants,
Other Government 1.4 While the fund has dialed benchmarkback 10-year
its high-at 2.319%.to guarantee a 10%anmonthly distribution. In exchange,
during Hedge SabaFundsaidRedemptions
it would with- health-care bill one day this week. The Financial Accounting Standards interest rates, followed by a news con-
The brainchild of economist Marina Azzimonti, the Partisan earnings call for Cloughs board andDavid food and beverages, and home improvement.
Consumer ABS 0.8 yield and emerging market ownership draw its slate of nominees vote with management
Einhorns Greenlight for the
Capital Board holds a public roundtable on the ference by President Mario Draghi.
Conflict Indexmaintained by 100.9** the Federal Reserve Bank of Health Care The EU foreign affairs council meets. Disposable income, the biggest retail driver, is up,
Total (recently just 7.3% and 4.6%, respectively), it next four years. The funds discounts dropped hedge from 8% fundtosaw5%more on the than $400
news, efficiency and effectiveness of GAAP
Bank of New York Mellon, Capital One NOT FDIC INSURED | MAY LOSE
*AllPhiladelphiatracks thereturns
degree of politicalhas disharmony bysome 10 and the personal savings rate is starting to normalize,
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

returns are as of 7/12; five- and 10-year are annualized. also trimmed Senate Republicans
percentage pointsintroducedthough a they had been as high as 18%. million in client withdrawals at mid- BlackRock and Netflix hold earnings reporting rules.
**Fund uses leverage. Holdings as of 5/31.
measuring theSources: frequency of news articles reporting disagree- Financial, eBay, and Union Pacific says CraigVALUE Johnson, | NO BANK GUARANTEE
president of the consulting firm.
Morningstar; Fidelity Investments revised health-care
from its corporate investment-grade position,bill that would Saba got the change they wanted, period, says year,Maury
with more Fertigthan of15% of eligible
Relative conference calls.
host earnings conference calls.
ment. Higher index values indicate greater conflict recently among
23.3%po- of assets.repeal majorgoes
The same
ablesecurities,
parts
Care Act.which
forof the Afford-
Value Partners. Thats a real home run for them.
The revisions include
investors redeeming their money.
Markets are closed in Japan. Wednesday 19 The Senate Banking committee holds a
He notes There
that are
50% risks
of all
investing in with
involved
working-age
ETFs,48%
with adults have full-
including possible
litical
bond. We parties, Congress,
arent buying betaand[broad the market
White House. agency To mortgage-backed
calculate Its also a potential win for investors in Sabas new actively managed ETF, time jobs, compared at this time last year.
Filling Those Posts New Yorks Mayor Bill de Blasio and Housing starts for June are reported. hearing on housing finance reform.
each months
exposure], saysindex ONeil, value,
whosearches
overseesfor more are 18%
keywords such ofasassets, changes
grid- compared withsought
more than by conservative the $14 million Saba Closed-End Funds (ticker: CEFS), which holds the three Retail loss of money.
spending hasETFs are subject
inflected to upward in
sharply
than $100filibuster,
lock, billion in fixed-income
and veto are assetsmade 28% sources
forin news for the benchmark.
such Republicans,
His biggest concernincluding a Clough CEFs and 17 others. Weinstein managesChristopher
proposal to the ETF and Wray,
ranks President
CEFs on economist Paul Krugman participate in American Express, CSX, Morgan Stan- The Commission on Security and Co- risks similar to those of stocks.
recent weeks, about doubling its growth pace from
allow insurers that sell plans that Trumps choice to replace James a conversation on economic inequality ley, Textron, and United Continental operation in Europe hears about klep-
Fidelity. Were buying
as the Washington Post, the New York Times,isnt
securities. the the
Loshealth
Angeles of the U.S. housing market, metrics such as historical premiums or discounts, leverage, yield, and activists earlier thisBefore investing,
year, Johnson says.investors
Falling gas prices are
comply with the ACA to also offer Comey as FBI director, told Con- in New York and nationally. Holdings hold conference calls. tocrats of the Kremlin.
While the thefund has aTribune, and The Wall but
broad mandatefor the Journal.
Federal Reserves substantial stake. stakes. The three-month-old fund has an expected yield of 7.95% and charges shouldtocarefully read the
Times,
example, as much
In June,
Chicago
the as 20%stood
index of its at
assets
201, can 24%be
Street
Before
higher than two2008,
plans that dont.
they owned nothing but Trea-
years The Numbers gress he would be independent.
2.42%. Sabas fund isnt the only actively managed closed-end ETF out there
Trump nominated Randal Quarles Campbell Soup and Ethan Allen Inte- The House Financial Services Commit-
also contributing the optimism.
prospectus/summary Online retail will be the
non-investment gradeONeil is vigilant suries, he says. The question
Partisan
about making Conflict
sure its Index ago, when the presidential campaign
risk and return are ap- ask is, eight years afterDonald
Russianyou
the financial
have to
Rendezvous
crisis,
First Trust has two small onesbut it should benefit
REITs have been sluggish this
from the firms activism.
as vice chairman of the Fed in Coming Earnings riors meet with analysts and investors. tee holds a hearing on Monetary Pol-
icy vs. Fiscal Policy: Risks to Price
Disposable
prospectus and
standout carefully
category, he says, with
n=Recession kicked off. In October 2013, the in- Trump Jr. met with a law- year, but some segments had a charge of bank oversight. But IPO lockups expire on Fintech Acqui- With more consider
cash the investment
growth projected at 10.9%, fol-
Day Consensus Year Stability and the Economy.
propriate for a core holding. 300% The $278 million
dex spiked to 252
should they still be buying
because of the 15- connected to the Kremlin The
yer mortgages? last ETF is far too new, tiny, and expensive to Trumps
bang-up first half, according to
recommend, pick but
for its
theintriguing,
Federal De- Estimate Ago
sition and Keane Group. objectives,lowed
in their pockets, risks,bycharges
home furnishings, at
actively managed Fidelity Total Bond ETF The fund is still overweight financials,
offered but especially since CEF activism has been higher than usual lately. Discounts were
year who to give him com- posit Insurance Corp. withdrew consumersand expenses. For this and
21
M
From Left: William Waitzman; Zach Trenholm for Barrons

day federal-government shutdown. the National Association of Real seem 4.1%. But despite falling sales at
(FBND), which was 250 launched in late 2014, ONeil says he is more promising cautious about U.S.
information about Hillary particularly wide in 2013, and
Estate Investment Trusts: by now many activist investors have amassed
from consideration, citing family. Charles Schwab (2Q) $0.39 $0.30 The U.S. and China hold high-level Friday poised to more complete
increase information
follows the same playbook, but the Azzimonti,
holdings an associate
names today,professor namely because
Clinton. If theitsupside
what you say Ienough love shares to force change. Mariana Bush, an analyst at Wells Fargo Blackrock (2Q) 5.39 4.78 talks on the economy. about most
the Funds department
call stores, apparel
200 Colgate-Palmolive, General Electric, spending by 4.1%
vary, in part because the mutual at Stony
fund isBrook more University,
offered from says she credit-quality
it, theimprovements
younger Trump wrote Advisors who 22%:specializes in exchange-traded Jail Time
products, for Lula
worries that funds are T should post a modest rebound in
in an the first-half return Prologis (2Q) 0.78 0.60 Calyxt, a developer of gene-edited crop SunTrust Banks, and Synchrony this year. 800 983 0903 or visit
than a decade older. 150 has conducted years seemsoftoresearch
have run its course.
email. President Trump defended overpromisingguaranteeing yields
of the Infrastructure and Data that a portfolio may not be Luiz
Brazils ex-president, ableIncio
to traits, is set to price six million shares Financial hold earnings calls. growth
powershares.com for to nearly 2%. Even
Kinder Morgan (2Q) 0.15 0.15
His view: Interest rates are likely to risethat partisan
demonstrating Europe,conflicthowever, may be who
his son, a different
hired a lawyer togeneratewhen
rep- negotiating
Centers segments with activists. There
Lula has
da been
Silva, more
was corporate
found guilty of at an average of $16.50 each. Yoga- department prospectus/summary
stores are headed for a sequential
modestly as inflation corruption and short
moneyterm, laundering More Earnings on Page M36 Charles Schwab gives a summer busi-
100 inches depresses but story.
higher,corporate They are
investment deci-in the early
resent innings
him. of what action lately, which tends to shrink a fund. Clearly, some profit but prospectus. the situation is less dire than
improvementmeaning

William Waitzman for Barrons

strong demand for fixed incomefrom we saw
retir- muting that is to the19%: and sentenced to nearly 10 the
years in ness update.
sions, thereby theeight
pace years
of ago, he says of the
Cancer Breakthrough
detrimentreturnofofthe longer-term shareholder,
Manufactured she says. Thats the year beforewith sales forecast to fall only 2%.
ing baby boomers as 50 well as overseas funds
economic recovery. For example, she strategy to buy debt in the most sig- managers issue, counters
Home REITS Patrick Galley, chief prison.
investment He called
officer ofthe allegations
RiverNorth. Consensus Estimate The Mercosur presidential summit be-
Invesco Distributors, Inc.
So what are the hot fashion calls for this year?
08 12 16 An FDA advisory panel unani-If the fund is underperforming, at least Im still against him
investorsshould haveBank
Source: Federal Reserve a stabilizing effect. nificant banks in their respective countries. getting mya 10%
farce.
at NAV. Day Time Consensus Est Last Period gins in Argentina.
says, the inability to predict tax High-waisted, distressed-denim, cold shoulder tops
ONeil still looks of Philadelphia
to take advantage of These national champions
rates makes the returns to invest-
mously approved
include a Novartis cancer
Credit Weinstein, 16%:
of course,
returnmaintains that everybody wins. Theres no debate that
of the FTSE
In Brief T 8:30 June Import Prices -0.25% -0.30% A long-term track record
Standard & Poors reviews Greeces (where just the shoulder is exposed), and sandals and
price corrections. In December 2015, he Suisse in Switzerland, therapy Deutsche thatBankcan wipe
in out leukemia
what were doing NAREITwill benefitREITs
Mortgage shareholders,
Index says Weinstein. There are many W 8:30 June Housing Starts 1,153,000 1,092,000 with long-term growth Cos.
credit rating.
ment hard to figure out, which leads
began adding Treasury inflation-protected Germany, and Barclays into delays in investment de- in some deathlyKing-
the United ill children and mom-and-pop investors who dont know whats what. Bank Theyof Canada raised interest
need someone like the ever-popular athletic footwear.
TH 10:00 June Leading Indicators 0.35% 0.30%
cisions. Managers would rather wait for the uncertainty to get young adults. The drug modifies 5%: rates the first time in seven years. Fitch reviews Spains credit rating.
securities to the portfolio. We thought the dom. Bond prices in the sector arent as us to fight for their interests.
return of the broadest

resolved. Good luck with that. JOHNasKthey patients immune cells to make them index, the FTSE NAREIT All REITs JPMorgan Chase beat earnings Unless otherwise indicated, times are Eastern. a-Advanced; f-Final; p-Preliminary; r-Revised Source: FactSet
reflation trade would happen, he says, add- cheap IMELMANwere a year ago, he says, but FOR MORE INFORMATION about coming economic reports - and what they mean - go to Barrons Treasury Auctions: Page M35
more effective in killing tumors. calls, but lowered a forecast.
ing that inflation expectations hit a low in they still have room to run. Onlines free Economic Calendar at www.barrons.com
Edited by Robin Goldwyn Blumenthal
 12
Index To Companies
Our index lists significant references to companies mentioned in stories and columns, plus Research Reports, and
Corrections & Amplifications. The references are to the first page of the item in which the company is mentioned.
A Abercrombie & Fitch . . . . . . . . . . . . . . . . . . . . M2
Activision Blizzard . . . . . . . . . . . . . . . . . . . . . . . 25
Adidas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6
Advanced Semiconductor Engineering . . . M7
AdvisorShares Focused Equity . . . . . . . . . . . 23
Alibaba Group Holding . . . . . . . . . . . . . . . . . M11
Allergan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Allstate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . 13,24,M4
Amazon.com . . . . . . . . . . . . . . . . . . . 9,28,M4,M11
AMC Entertainment Holdings . . . . . . . . . . . . . 9
American Express . . . . . . . . . . . . . . . . . . . . . . . 11
Amicus Therapeutics . . . . . . . . . . . . . . . . . . . . M2
Anadarko Petroleum. . . . . . . . . . . . . . . . . . . . . . 17
Anthem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Apache . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
A.P. Moeller-Maersk . . . . . . . . . . . . . . . . . . . . M7
Appian . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,20,M4
Applied Optoelectronics . . . . . . . . . . . . . . . . . M2
Arena Pharmaceuticals . . . . . . . . . . . . . . . . . . M2
AquaVenture Holdings . . . . . . . . . . . . . . . . . . . 24
Assured Guaranty . . . . . . . . . . . . . . . . . . . . . . . M9
B Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . 11
Bank of New York Mellon . . . . . . . . . . . . . . . . 11
Barnes & Noble Education . . . . . . . . . . . . . . M2
Berkshire Hathaway . . . . . . . . . . . . . . . . . . . M11
BioScrip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
BlackRock . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,M11
Blue Apron Holdings . . . . . . . . . . . . . . . . . . . . . 10
BP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Bristol-Myers Squibb . . . . . . . . . . . . . . . . . . . . 27
Britvic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M10
C Cabot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Cabot Oil & Gas . . . . . . . . . . . . . . . . . . . . . . . . . 18
Campbell Soup . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Canadian Natural Resources . . . . . . . . . . . . . 18
Capital One Financial . . . . . . . . . . . . . . . . . . . . 11
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Cinemark Holdings . . . . . . . . . . . . . . . . . . . . . . . . 9
Cisco Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
ClubCorp Holdings . . . . . . . . . . . . . . . . . . . . . . M2
CMA CGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7
Colgate-Palmolive . . . . . . . . . . . . . . . . . . . . . . . . 11
Comcast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
ConocoPhillips . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Cosco Shipping Holdings . . . . . . . . . . . . . . . . M7
CSX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Cyberark Software . . . . . . . . . . . . . . . . . . . . . . M2
D Davis Select U.S. Equity . . . . . . . . . . . . . . . . . 23
E Eaton Vance Worldwide Health Sciences . 26
eBay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Electrolux . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Enel Generacin Chile . . . . . . . . . . . . . . . . . . M7
Energy Select Sector SPDR . . . . . . . . . . . . . 18
EOG Resources . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Ethan Allen Interiors . . . . . . . . . . . . . . . . . . . . 11
Evonik . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Expedia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Exxon Mobil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
F Facebook . . . . . . . . . . . . . . . . . . . . . . . . . . . M4,M10
Ferro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
Fidelity Contrafund . . . . . . . . . . . . . . . . . . . . . . 23
Fidelity Total Bond . . . . . . . . . . . . . . . . . . . 21,22
Fidelity Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Fintech Acquisition . . . . . . . . . . . . . . . . . . . . . . . 11
Foot Locker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6
G Gamco Investors . . . . . . . . . . . . . . . . . . . . . . . M12
General Electric . . . . . . . . . . . . . . . . . . . . . . . . . . 11
BARRONS July 17, 2017
Michael Kors Holdings . . . . . . . . . . . . . . . . . . M2
Micron Technology . . . . . . . . . . . . . . . . . . . . . . . 20
Gilead Sciences . . . . . . . . . . . . . . . . . . . . . . . . . . 27 iShares Core S&P 500 . . . . . . . . . . . . . . . . . . . 23 Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,M4
Goldman Sachs Group . . . . . . . . . . . . . 8,11,M11 iShares MSCI Emerging Markets . . . . . . . M7 Mindbody . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
Grupo Aeroportuario del Centro Norte . . M7 Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . . . 11
J Janus Henderson Group . . . . . . . . . . . . . . . . . . 15
H Hain Celestial Group . . . . . . . . . . . . . . . . . . . M12 Johnson & Johnson . . . . . . . . . . . . . . . . . . . . . . . 11 N Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,11,M4
Herc Holdings . . . . . . . . . . . . . . . . . . . . . . . . . M12 JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . 10 Nike . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6
HP Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Nomura Holdings . . . . . . . . . . . . . . . . . . . . . . . . 15
K Keane Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Novartis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
I IHS Markit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Kinder Morgan . . . . . . . . . . . . . . . . . . . . . . . . . . 22 NRG Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M10
IBM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 L LG Electronics . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 O Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
International Game Technology . . . . . . . . . . 24 Orient Overseas (International) . . . . . . . . . M7
Intuit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 M MBIA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9 Orion Engineered Carbons . . . . . . . . . . . . . . . 16
Intuitive Surgical . . . . . . . . . . . . . . . . . . . . . . . . 27 Merck . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Otonomy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
Investment Technology Group . . . . . . . . . . . . 15 Mersana Therapeutics . . . . . . . . . . . . . . . . . M12 Owens-Illinois . . . . . . . . . . . . . . . . . . . . . . . . . . M12
P PayPal Holdings . . . . . . . . . . . . . . . . . . . . . . . M10
PepsiCo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M10
For Customer Service, call 1 (800) 544-0422, or go to http://customercenter.barrons.com. For Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
reprints of articles, call 1 (800) 843-0008, or go to www.djreprints.com. PICO Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Puma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6
R Range Resources . . . . . . . . . . . . . . . . . . . . . . . . . 18
%
Reality Shares Divcon Div Defender . . . . . 25
Reality Shares Divcon Leaders Div . . . . . . 25
INTERIM EDITOR Jack Otter Regal Entertainment Group . . . . . . . . . . 9,M10
Renewable Energy Group . . . . . . . . . . . . . . M12
EXECUTIVE EDITOR Fleming Meeks Phil Roosevelt DEPUTY MANAGING EDITOR Lauren R. Rublin
MANAGING EDITOR
Rent-A-Center . . . . . . . . . . . . . . . . . . . . . . . . . . M2
David Schutt, Beverly Goodman PENTA EDITOR Richard C. Morais
ASSISTANT MANAGING EDITORS Rightside Group . . . . . . . . . . . . . . . . . . . . . . . M12
ASSOCIATE EDITORS Randall W. Forsyth, Andrew Bary, Matthew Barthel, Kopin Tan, Jack Hough Ross Stores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
EDITORIAL PAGE EDITOR Thomas G. Donlan SENIOR EDITORS Jack Willoughby, Bill Alpert, Royal Bank of Scotland . . . . . . . . . . . . . . . . . . 10
Robin G. Blumenthal, Lawrence C. Strauss, Leslie P. Norton, Vito J. Racanelli, Royal Dutch Shell . . . . . . . . . . . . . . . . . . . . . . . . 18
Alexander Eule, David Englander, Avi Salzman, Reshma Kapadia, Steve Garmhausen, Robert Sabat
S Saba Closed-End Funds . . . . . . . . . . . . . . . . . . 22
ECONOMICS EDITOR Gene Epstein REPORTERS Crystal Kim, Sonia Talati, Emily Bary salesforce.com . . . . . . . . . . . . . . . . . . . . . . . . . . . M5
COPY DESK Michael J. Burlingham (chief), Farran Nehme, Paul Farrell, Barbara Haislip, Robert Teitelman Samsung Electronics . . . . . . . . . . . . . . . 13,14,20
CONTRIBUTING EDITORS Richard Rescigno, Theresa W. Carey, Mike Hogan, Karen Hube, Michael Shari, Sears Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Erin E. Arvedlund, Dyan Machan, Sarah Max, Jim McTague, Jacqueline Doherty, Jonathan R. Laing Shire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
RESEARCH DIRECTOR Pauline Yuelys DEPUTY RESEARCH DIRECTOR Teresa Vozzo
Sinovac Biotech . . . . . . . . . . . . . . . . . . . . . . . . M12
SK Hynix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
ASSOCIATES Dan Lam, Gabriel Alpert, Mohammed Kabir
Snap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,24,M2
n SolarEdge Technologies . . . . . . . . . . . . . . . . . . 24
ART DIRECTOR Robert Connolly ASSOCIATE ART DIRECTOR Diane Sipprelle PHOTO DIRECTOR Adrian DeLucca SPDR S&P Oil & Gas Expl & Prod . . . . . . 18
ASSISTANT PHOTO EDITOR Amber Sexton ART DEPARTMENT Meredith Lewin, Jack Dee, Christine Silver
Suncor Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
SunTrust Banks . . . . . . . . . . . . . . . . . . . . . . . . . . 11
STATISTICS Michael T. Kokoszka (manager), Darren Chima
Synchrony Financial . . . . . . . . . . . . . . . . . . . . . 11
n
BARRONS.COM T TD Ameritrade Holding . . . . . . . . . . . . . . . . . . 11
EDITOR IN CHIEF GregBartalos EXECUTIVE EDITOR John D. Kimelman MANAGING EDITOR Ed Lin Telefonica Brasil . . . . . . . . . . . . . . . . . . . . . . . . M7
Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
OPTIONS EDITOR Steven M. Sears DIGITAL PRODUCTION EDITOR Howard J. Godfrey
Teucrium Corn Fund . . . . . . . . . . . . . . . . . . . M13
SENIOR EDITORS Tiernan Ray, Johanna Bennett, Dimitra DeFotis, Teresa Rivas Textron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
STOCK MARKET EDITOR Ben Levisohn INCOME INVESTING EDITOR Amey Stone Toshiba . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
COPY EDITOR Teresa K. Gill DIGITAL PRODUCERS Robert Cushing, Angela Morris Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
n Transocean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
ASSOCIATE PUBLISHERS Bill Baldenko, Sterling T. Shea VICE PRESIDENT, DIGITAL Gail Griffin T. Rowe Price Group . . . . . . . . . . . . . . . . . . . . . 15
Tyson Foods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
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United Continental Holdings . . . . . . . . . . . . . 11
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UnitedHealth Group . . . . . . . . . . . . . . . . . . . . . 11
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V Verint Systems . . . . . . . . . . . . . . . . . . . . . . . . . . M4
Vertex Pharmaceuticals . . . . . . . . . . . . . . . . . . 26
Visteon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
W Walt Disney . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Wells Fargo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
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William Lewis CEO, Dow Jones Gerard Baker Editor in Chief, Dow Jones Whirlpool . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Whole Foods Market . . . . . . . . . . . . . . . . . . . . . 28
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 July 17, 2017 BARRONS 13

A Return Visit to Earlier Stories

wants to achieve $4.7 billion in sales and a

Visteon Shares Could Reach $150 in a Deal
SHARES OF VISTEON ARE UP SHARPLY THIS
year, thanks to the popularity of the com-
panys auto electronics. The stock could
have even more room to run.
Barrons called Visteons shares (ticker:
VC) undervalued last year, noting that the
company, which had refocused to serve six
fast-growing electronics markets since its
2009 bankruptcy reorganization, was
poised to boost earnings under a new CEO,
Sachin Lawande (Visteon Shares Could
Zoom 40% as Sales Rise, May 7, 2016).
The stock fetched $74 at the time, and
has rallied more than 40% since, to a
recent $105. The rally was stoked by news
last November that Samsung Electronics
and has a great position, says Yang Lie,
co-manager of Third Avenue Value fund.
Lie is bullish about Visteons secure
cockpit electronics for driverless cars. Also,
Visteons backlog is growing swiftly,
suggesting revenue gains lie ahead
after a year of flat sales.
Analysts expect Visteon
to earn $5.64 a share this
Visteon
(VC - NYSE)
Weekly close on July 13
$110
5/7/16
s
year, based on generally accepted account-
ing principles, on revenue of $3.17 billion.
Last year, the company earned $3.25 a
share on revenue of $3.16 billion. For next
year, Wall Street is estimating earnings of vative eight times Ebitda, that is worth
$6.40 a share on revenue of $3.3 bil-
lion. Visteon has said it
14% margin on earnings before interest,
taxes, depreciation, and amortization by
2021. Last year, the companys Ebitda mar-
gin was 10.4%.
Analysts believe that Visteons Ebitda
will total $398 million in 2018. At a conser-
$3.2 billion. Add net cash of $500 million as
of the end of 2016, and the companys value
could total $116 a share, giving Visteon
room to move higher. At 10 times Ebitda
what Samsung paid for HarmanVisteon
could be worth $142 a share. Potential buy-
ers include nontraditional auto plays, such
as Apple (AAPL) and Alphabet (GOOGL),
which are developing driverless cars.
Amit Kapoor of Loomis Sayles calls
Visteon a unique, pure-play business

90
(005930.Korea) would buy Harman Inter- focused on the connected car. An informed
national Industries, leaving Visteon as the buyer, including a deep-pocketed technol-

Courtesy of Visteon
industrys last remaining publicly traded 70 ogy company, would be willing to pay up to
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pure play. $150 per share for this one-of-a-kind

There isnt as much upside as before,
15 16
but Visteon is fundamentally well financed
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
50 Visteons SmartCore domain controller helps collection of assets in automotive cockpit
17 manage vehicle electronics more efficiently.
Source: Bloomberg
electronics, he says. LESLIE P. NORTON

Great advice for

a new generation
of investors

To learn more, visit barronsnext.com

 14 BARRONS July 17, 2017

Mostly unnoticed, acquisitive Whirlpool has posted solid gains in sales and earnings. The
stock is cheap and could rise 35% with continued cost controls and a little help from Brazil.

Whirlpools New Spin Cycle Throws Off Cash

by Robin Goldwyn Blumenthal
EVERYONE KNOWS THAT WHIRLPOOL MAKES WASH-
ers, dryers, dishwashers, ovens, and refrigerators.
Yet few appreciate one of its best household help-
ersits a cash machine for shareholders.
Despite coping with the aftermath of the U.S.
housing crisis, price competition from South
Korean rivals, and troubled markets like Brazil,
Whirlpool (ticker: WHR) has more than doubled
earnings since 2012 to whats expected to be $15.10
a share this year. Its on track to generate $1 bil-
lion of free cash flow in 2017, up from $630 million
in 2016. The cash helped the company lift its pay-
out in April, boosting its dividend yield to 2.3%,
and to buy back $525 million in stock for 2016. Its
shares offer a solid free-cash-flow yield of 7%.
Whirlpool gets no credit for fantastic execu-
tion since housing began to turn around in 2011,
says Stephen DeNichilo, portfolio manager of
shareholder Federated Kaufmann Large Cap
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(in 1986) and Maytag. But the company, which be-
gan operation in 1911 as Upton Machine, derives
48% of its sales from abroad, where it continues to
expand.
The Benton Harbor, Mich.based company
bought European appliance maker Indesit in
2014, giving Whirlpool the No. 1 share in five of
the top seven markets in the region, according to
a presentation by Marc Bitzer, the companys
chief operating officer. European markets are ex-
pected to begin to grow again after prolonged
stagnation.
In Asia, Whirlpool bought Japans Sanyo, also
in 2014, and is gaining a toehold in the region. It
gets close to $1 billion in revenue from China and
$500 million from India,
Amana washer and dryer from Whirlpool
markets with great poten- Whirlpool
tial. Longtime CEO Jeff (WHR - NYSE)
Fettig, who will hand the Weekly close on July 13$250

fund. Andrew Wellington, co-founder and chief in-

HIDDEN VALUE
vestment officer of hedge fund Lyrical Asset Man- Often obscured by substantial payments for restructuring, pension funding, and legal CEO post to Bitzer in Oc-
agement, agrees, and notes that Whirlpool, facing costs in prior years, Whirlpools free cash flow has begun rising in the past three years. tober but remain chair- 200
many challenges, also has doubled sales to $21 bil- man, told investors in
150
lion since 2000 while reducing its cost base by $4.7 Free Cash Flow and Nonstructural Costs (mil) May that Whirlpools
billion since purchasing Maytag in 2006. Restructuring, Pension Funding, Legal Payments China position will be 100
The stock has gained about 90% since the end Free Cash Flow 1,280 transformational.
1,235
50
of 2012, but it remains a bargain. At last weeks The acquisitions, says
940 956 13 15 17
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

928 911
$192, it trades for just under 13 times the 2017 es- Fettig, have changed us Source: Bloomberg
timated adjusted earnings figure and has risen $674 into a branded consumer-
just 6% in 2017, versus 9% for the overall market. 1,000
products company versus an original equipment
Rival Electrolux (ELUXB.Sweden), which owns 854 manufacturer that historically depended on
690 620 630
Frigidaire, is up 24% this year. 230 Sears Holdings (SHLD). Whirlpool now has
In DeNichilos estimation, the stock will be -$55
2011 2012 2013 2014 2015 2016 2017E
seven billion-dollar brands.
worth about $260 a share, or 35% higher, if Whirl- E=Estimate. Source: company reports The wild card is Latin America, whose eco-
pool can continue to execute well in the year nomic woes have hurt earnings. Bitzer believes
ahead. Electrolux trades at a multiple of 17 times earnings, than offset any shortfalls in appliance replacements. the region troughed in 2016 and will rebound. Despite a
versus Whirlpools 13. The Streets consensus 2018 earnings Wetenhall also disputes short sellers contention that 31% drop in industry volume in Brazil from a 2012 peak, he
estimate for Whirlpool is $17.40 a share. Applying, say, a 15 price cuts from LG Electronics (066570.Korea) and Sam- notes that the company was still able to wrest an 8% mar-
times multiple to that estimate would get Whirlpool to $260, sung Electronics (005930.Korea) will have a big effect, es- gin there. Whirlpool has a 40% share in Brazil. A Brazil re-
as investors appreciate its strengths, says DeNichilo. pecially since they are building more factories in the U.S. vival could be a catalyst.
The shares also offer some technical attractions, notes By his estimate, the level of promotional intensity hasnt Whirlpool stock offers investors a stake in a well-
Zachary Mannes, lead analyst at Stock Waves, part of significantly increased or decreased, and that its just part managed global company that will grow annual revenues
elliottwavetrader.net, a technical-analysis trading commu- of doing business in the highly competitive North American 3% to 5% in the next few years and is expected to achieve
nity. Based on investor sentiment, he thinks that Whirlpool appliance market. Whirlpool also has petitioned the U.S. In- adjusted earnings margins before interest and taxes of
will turn sharply higher if it can break $203. Once there, ternational Trade Commission, claiming that LG and Sam- more than 10% by 2020 from 7.3% now. It will continue to
Mannes says, the next stop would be in the $350 region. sung illegally undercut prices on washing machines. make acquisitions, like its pending purchase of Yummly, a
Whirlpool does have critics. Indeed, 6.4% of its shares Next are concerns about rising steel prices. Steel, along digital recipe outfit that tailors ingredient amounts to the
have been sold short. One of the bears arguments is that with other raw materials, represents about 60% of Whirl- number of diners. It will explore the connected kitchen
the North American replacement cycle for large appliances pools cost of goods sold. But again, Wetenhall counters that through Whirlpool VBL, which includes a fully connected
has peaked and is heading down. This, they claim, is worri- Whirlpool is using an aggressive strategy to buy forward kitchen suite where customers can view the contents of
some for Whirlpool, which holds a leading 40% share in contracts and manage input-cost inflation. their refrigerator from their phone and give instructions to
these markets. But Bob Wetenhall, an analyst at RBC Cap- No doubt, Whirlpool is heavily dependent on North their appliances. And then theres all that free cash
ital Marketswhere the stock is on the conviction listbe- America, where it derives 79% of earnings from its own flow5% to 6% of net sales by 2018to keep raising divi-
Whirlpool

lieves that gains in new U.S. residential building will more branded products, as well as acquisitions like KitchenAid dends and buying back stock. 
 July 17, 2017
Starting in 2018, a new European regulation could upend stock and bond analysis
in all of the worlds financial capitals. One likely result: fewer researchers.
New Rule Promises to Shake Up Securities Research
by Bill Alpert
STOCK ANALYSTS AROUND THE WORLD ARE COUNTING DOWN
to Jan. 3, when new European regulations will change
investment research everywhere. On that date, the Euro-
pean Union rules known as the Markets in Financial
Instruments Directive will require asset managers to pay
for research reports theyve been getting for free from
brokers in exchange for trading commissions. By putting
a price on research, the regime known as MiFID II could
reduce overall spending on the analysis of stocks and
bonds, narrow coverage of small stocks, and force all
but the biggest brokers to sack some analysts. Since
so many of Wall Streets money managers and brokers
do business in Europe, U.S.-based firms are prepar-
ing to toe the MiFID II line.
The shadow of MiFID II already casts a chill.
Back in March, Evercore ISI banking analyst Glenn
Schorr looked ahead in a note titled, Writing My
Obituary Again? Researchers at specialized bou-
tiques and investment-banking giants all claim theyll
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thrive as the research economy goes from all-you-
can-eat to la carte, but Schorr acknowledges they
cant all be right. A smaller fee pie is never a good
thing, he says. There will be market-share shifts,
which by definition mean some firms will lose share in
a business where it was already very tough to run a rea-
sonable P&L.
Proposals to unbundle research payments from trading
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
commissions have floated around since at least 2003, when
Britains Financial Services Authority aired the idea as a
way for asset managers customers to ensure their manag-
ers were obtaining value for money spent on both trade
execution and information. Four-
Me-too research teen years later, the MiFID II di-
at midtier firms rective will oblige asset managers
will be gone, says either to pay for research out of
a service provider. their own pockets, or to charge
Many asset their customers explicit research
managers complain fees, in addition to charges for
they dont need management and trading. Money-
40 people telling management firms will need to
them that GE just draw up periodic budgets for
reported third- research and set aside research-
quarter earnings. payment accounts funded pro rata
by the endowments and pension
funds they serve. The details of MiFID II regulation are
left to each EU member country, so Britains rules will be
somewhat different from Frances.
While retail traders and wholly domestic U.S. firms
might ignore MiFID (at least until pension consultants
deem the EU rules a best practice), preparations are
under way at global asset managers and investment banks,
as well as at U.S. firms with European customers. The
Securities and Exchange Commission historically has
shown little interest in the issue of research payments, or
BARRONS
WILL ANALYSTS FADE AWAY?
On Jan. 3, 2018, the European Union will revise its Markets
in Financial Instruments Directive. These MiFID II changes
require asset managers to unbundle what they pay for invest-
ment research from their commission payments for trading.
These EU rules will affect U.S. investors and brokerage firms
that do business in Europe or the U.K., or who deal here with
European clients.
MiFID II may reduce spending on research, especially at mid-
size-to-small brokers, hurting coverage of small-cap stocks.
High -quality, independent research boutiques may fare better.
in accommodating MiFIDs impact here, but brokers are
expected to seek the agencys assurance that they can
receive cash for research without being deemed invest-
ment advisors.
Nor will MiFIDs rules provoke huge changes to busi-
ness practices at those money managers in the habit of
transparently assessing the value of research theyve
received. At some mutual fund shops such as Fidelity
Investments and T. Rowe Price Group (ticker: TROW),
and at hedge funds such as Millennium Management and
Citadel, portfolio managers vote on how to allocate pools
of soft dollar commissions among outside research pro-
viders. But not every manager seems prepared. We get
paid by something like 1,500 clients, says Schorr at
broker Evercore. And we get a detailed, transparent vote
from maybe 100 of the 1,500.
Because MiFID II requires an advance budget for
15
research, theres an industrywide exercise in price
discovery going on in negotiations between asset manag-
ers and their asset-owning clients, and then between the
managers and their stockbrokers. The talk might get
testy, in an era of active-manager underperformance
that has already pressured management fees and bro-
kerage commissions.
This is the first time many asset managers have
had to implement a formal system for procuring re-
search. Before, says Michael Mayhew, the founder
of the Darien, Conn.based consultancy Integrity
Research Associates, obtaining research has been
like walking into Best Buy, taking a 55-inch flat-
screen TV and telling the salesman, Ill let you
know in six months what its worth.
Scrambling to help Wall Street deal with MiFID
are a dozen vendors of software and services, accord-
ing to an April 2017 study by Integrity Research. They
include agency brokers like Investment Technology
Group (ITG) and the Instinet subsidiary of Nomura
Holdings (NMR), plus software and data vendors such as
the United Kingdoms Commcise and IHS Markit (INFO).
MiFID II will become another cost and compliance bur-
den driving consolidation among asset managers and bro-
kers, says IHS Markits head of brokerage and research
services, Tom Conigliaro. Big money management con-
glomerates like Janus Henderson Group (JHG) and the
soon-to-be London-listed Standard Life Aberdeen will be
better able to fund internal and external research.
Everyone seems to agree that research spending will
shrink in the unbundled world of MiFID. The brokerage-
research population could end up distributed like a barbell,
says Conigliaro, with most dollars going to a few big
brokerage firms that offer waterfront coverage of many
stocks, but some money also going to specialized firms and
independent boutiques. Me-too research at midtier firms
will be gone, predicts Conigliaro. Many asset managers
complain they dont need 40 people telling them that GE
just reported third-quarter earnings.
But me-too analysts wont be the only ones to lose their
jobs under MiFID. The markets efficiency may suffer
from a reduction in coverage of public companies that
havent caught the eye of analysts at big banks. That unan-
ticipated consequence of MiFID would hurt investors large
and small.
One boutique researcher who hopes to adapt to MiFIDs
world is Mark Roberts, who has discussed the short ideas
Christoph Hitz for Barrons
of his Off Wall Street Consulting Group in these pages for
25 years. The Cambridge, Mass.based analyst has been
hiring researchers to add long ideas to Off Wall Streets
output. In a shrinking market, Roberts says, managers
are going to spend their money more carefully. Highly
differentiated research should gain share. 
 16
SIZING UP SMALL-CAPS n Orion Engineered Carbons
Global Leader in a Growing Industry
by Nicholas Jasinski
CARBON BLACK. IT SOUNDS LIKE THE NAME OF A SCIENCE-
fiction thriller on Netflix, but its a powdered carbon
mainly used as an additive to tires to decrease wear and
enhance performance. Its a commoditized market92%
of the stuff, worth an estimated $16 billion, is produced
by hundreds of local operators worldwide and three key
global players.
Luxembourg-based Orion Engineered Carbons
(ticker: OEC) is the smallest of the three, but the largest
in the specialty carbon-black market, and a little gem hid-
ing in all of this black dust. The specialty market is grow-
ing twice as fast as the commodity business, and is
substantially more profitable. The other large players are
Boston-based Cabot (CBT) and Aditya Birla, a privately
held company based in Mumbai.
Orions shares, which trade on the New York Stock
Exchange, moved up sharply on Friday, to $22.25, on a
bullish report from Goldman Sachs, which set a target
price of $25. At least one other analyst thinks the shares
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could top $26, as Orions profit margins expand. The stock
yields 3.5%.
Orion was a 2011 private-equity carve-out of the
German chemical company Evonik Industries (EVK.Ger-
many). It has 13 production facilities on five continents,
and reports in euros. The stock went public in 2014 at $18.
Carbon black is a powdered form of carbon processed
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
from heavy petroleum, such as tar. There are two main
categories based on the size and structure of the refined
particles (see sidebar). Rubber carbon black, used mainly
in tires, provided 62.5% of Orions 1.03 billion euros ($1.18
billion) in revenue last year. Specialty carbon black contrib-
uted 37.5%, but delivered 61.4% of the companys adjusted
earnings before interest, taxes, depreciation, and
amortization of 222.8 million.
CEO Jack Clem, who previously
Vladmiroquai/Shutterstock
BARRONS
BLACK IS THE NEW BLACK
Rubber carbon black is used as a filler in tires and other rub-
ber products to decrease tread wear, increase performance, and
give tires their black coloration. Rubber carbon blacks used in
tires are produced according to international standards, forcing
companies to largely compete on price, depressing margins.
Specialty carbon black requires a more complicated refin-
ing process than rubber black and commands higher margins.
Different production methods are used to serve a variety of
functions arising from carbon blacks intense dark pigment, its
conductivity, and its resistance to ultraviolet light. It is found
in coatings and paints, inks, polymers, plastics, adhesives, bat-
teries, and cables.
headed Evoniks carbon-black unit, is turning Orions
focus to the specialty market, which had 35.4% profit
margins in 2016, 2 times that of the rubber black busi-
ness. After taking charge of the newly public company,
we began to invest heavily in revising some of our capac-
ity to produce more technologically superior products, he
recently told Barrons.
Orion has an industry-leading 26% market share by
volume in specialty carbon black. Clem says the com-
panys share is larger than that based on revenue, due to
its broad and unique range of offerings. Orion sells more
than 350 grades of rubber and specialty carbon black,
compared with about 150 for Cabot and fewer for Birla.
This allows Orion to charge premium prices.
The companys specialty black production grew 13%
year over year in this years first quarter. End markets for
these chemicals include polymers, batteries, paints, and
advanced plastics used in automobiles and construction.
In the rubber carbon market, Orion has an 8% global
market share. But Clem says its share is more than
twice that in the specific regions in which it operates,
excluding China, where the company recently partnered
with a local operator. Profit margins on rubber black are
slender, and the product is uneconomic to ship, forcing
producers to compete regionally. We say its like
shipping feathers, says UBS analyst John
Roberts.
Orions global presence, he says, insu-
lates it from potential competition from
lower-cost producers in other regions.
Orion has been producing carbon
black for more than 75 years. Its
long-term relationships with custom-
ers give it the bargaining power to
Carbon black is a key ingredient
in automobile tires.
July 17, 2017
negotiate contracts indexed to the cost of carbon blacks
main input: oil. Last year, the cost of raw materials was
passed on to customers in 75% of its rubber black sales,
and almost half of speciality black sales, allowing the com-
pany to maintain steady margins regardless of volatility
in the price of oil.
Earnings have been very stable in an unbelievably
difficult period for oil prices, says UBS Roberts.
Orion earned an adjusted 80.2 million, or 1.35 a
share, last year. Profits are esti-
mated to increase 11% this year, to Focusing on
88.8 million, or 1.46 a share. specialty products
The stock trades for 7.3 times has enabled Orion
2017 estimated enterprise value to Engineered
Ebitda, compared with 8.4 times for Carbons to gain
Cabot. Both companies have Ebitda market share and
margins of about 20%, but analysts lift profit margins.
forecast annual revenue growth for
Orion of 14.6%six percentage points higher than their
estimates for Cabot.
Since its initial public offering, Orion has been paying
down its long-term debt ahead of schedule and restruc-
tured its term loans at lower interest rates, reducing its
annual debt costs. In the most recent quarter, it made a
voluntary debt repayment of 19.5 million and paid
10 million in dividends. Debt-to-Ebitda has fallen from
nearly four times to 2.5 times, a level Clem believes inves-
tors can tolerate, given Orions stable cash flow and ample
interest coverage.
One problem is the limited float of Orions shares. Its
private-equity owners sold just 32% of the firms shares
to the public, limiting the stocks liquidity. In March, they
sold another 10% stake, not to exit the stock, but to seed
the market with liquidity, says Eytan Tigay, managing
director of Rhne, one of the private-equity investors.
Tigay is also a member of Orions board. While the March
sale initially torpedoed the shares, they have retraced the
losses and will probably continue to climb. 
Shining Bright
Whipsawed in recent years, Orions shares could stabilize and
move up, as profit margins and earnings continue to climb.
Orion Engineered Carbons (OEC - NYSE)
Recent Price $22.25 Weekly close on Jul. 13
$25
Market Value (bil) $1.3
2017E Revenue (bil) 1.2 20
2017E Net Income (mil) 89 15
2017E EPS 1.46 10
2017E P/E 13.3
5
Dividend Yield 3.5% 15 17
16
E=Estimate Source: Bloomberg
 July 17, 2017 BARRONS 17

COVER STORY

BIG OIL
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WHERE TO PROSPECT NOW

For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Overproduction by Andrew Bary Energy stocks look tempting after a terrible perfor-

is pressuring mance this year, punctuated by a 24% decline in a closely watched exchange-traded

crude prices and fund that tracks exploration-and-production companies like EOG Resources, Ana-
darko Petroleum, and Apache. The two leading U.S. energy stocks, Exxon Mobil
slamming energy
(ticker: XOM) and Chevron (CVX), have proved more defensive, thanks to dividend
stocks. A handful,
yields in the 4% range; each is off more than 10%, against a 9% gain in the Standard
including Exxon
& Poors 500 index. Relative performance of energy versus the rest of the stock mar-
and Chevron, ket is the worst since at least 2000. Downside may be limited in the stocks, which
will survive and could rally on bottom fishing or an upturn in depressed oil prices, now down 12% this
prosper. year to $46 a barrel, based on the U.S. benchmark, West Texas Intermediate. But
it may take more financial discipline on the part of the U.S. energy industry to sup-

Masterfile
 18 BARRONS July 17, 2017

port a sustained gain in the stocks, In a recent presentation to analysts,

because spending on exploration at un- CHASING GROWTH, COMING UP SHORT R.A. Walker, CEO of Anadarko (APC),
economical energy prices is destroying Big outlays by U.S. E&P companies are leading to high growth in domestic energy production; five pointed the finger at Wall Street. The
value for shareholders and prompting major oil companies have little to show for $1.2 trillion in capital spending over the past decade. biggest problem our industry faces today
many investors to give up on the sector. is you guys. You dont reward capital
The best plays in a battered energy A SPENDING BINGE... ... AND A LOST DECADE efficiency. You reward growth. When you
sector include companies that are re- 67.9 292 guys stop rewarding growth and reward
64.6
straining capital spending and focusing 254 259 capital efficiency, guess whatand the
on earnings and free cash flow, like 58.8 share prices reactpeople will stop
219
Chevron, Exxon, Canadian Natural $203 rewarding growth for growth sake.
Resources (CNQ), and Suncor Energy 46.5 Walkers words seem to be falling on
(SU), and those with the clearest deaf ears. Capital spending by 20 major
growth paths, like Apache (APA), EOG $39.8 U.S. exploration companies and 24 mid-
Resources (EOG), Range Resources 33.6
10-year Total
cap companies is expected to rise 48%
(RRC), and Cabot Oil & Gas (COG). Capex (bil) this year, to $58.8 billion, and increase
another 15% in 2018, to $68 billion, with
The industrys biggest problem prob- this years spending outstripping cash
ably lies with U.S. exploration-and-pro- flow by $12 billion, Driscoll estimated in
duction companies. Many argue that COMPANY BP TOTAL CHEVRON EXXON ROYAL a recent report.
MOBIL DUTCH
they can earn 30% to 40% returns on 10-Yr. Annual 2% 0 0 1 1 The big integrated companies are
wells in the hottest U.S. drilling re- Production Change showing more capital-spending restraint
10-Yr. Change in
gionthe Permian Basin in west Texas 2016 2017E 2018E
Net Debt (bil) $13 9 40 59 67 than U.S. E&P companies, and thats en-
and New Mexicoeven at $40 oil. But U.S. E&P Capital Discretionary Price/Book couraging for supply and energy prices
Barclays analyst Thomas Driscoll and Spending (bil) Cash Flow (bil) Value 1 1.1 1.1 1.9 0.9 over the longer term. Capital spending by
Sources: Barclays; Evercore ISI
others are skeptical of this math, which Exxon and Chevron is down roughly by
reflects drilling costs but typically ex- half from 2014 to 2016, and isnt expected
cludes land-acquisition costs and corpo-
8 PROMISING ENERGY STOCKS to change much in the coming years.
Recent Market YTD 2017E Ent Value/ Dividend
rate overhead. Driscoll estimated in a Company / Ticker Price Value (bil) Change EPS P/E Cash Flow Yield It may be challenging, however, to
note that actual returns on capital have achieve greater financial restraint in a
MAJORS
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been close to zero in recent years. highly fragmented and competitive busi-
Chevron / CVX $104.13 $197.3 12% $4.11 25.3 7.5 4.2%
Reflecting puny actual returns, most ness where even giant Exxons daily pro-
major exploration-and-production com- Exxon Mobil / XOM 80.97 343.1 10 3.70 21.9 9.3 3.8 duction of about four million barrels a
panies are expected to operate around CANADIANS day represents just 4% of global demand.
break-even this year. Improved drilling Canadian Natural Resources / CNQ 29.19 35.5 8 1.35 27.5 7.8 2.9 Market sentiment has worsened re-
technology is boosting production and cently, with Morgan Stanley and Barclays
Suncor Energy / SU 29.30 48.9 10 1.73 21.6 7.2 3.2
reducing costs, but its still not enough cutting price targets on many stocks.
to yield true returns at current energy ENERGY AND PRODUCTION Bernstein reduced its oil-price estimates
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

prices. Apache / APA 48.24 18.4 24 0.63 76.5 6.9 2.1 for 2017 and 2018, cutting its target for
The sectors performance is depress- EOG Resources / EOG 91.81 53.0 9 1.01 90.5 11.8 0.7 Brent crude, the international benchmark,
ing. The Energy Select Sector SPDR to $50 a barrel in both 2017 and 2018 from
NATURAL GAS PLAYS
ETF (XLE), which is dominated by $60 and $70, respectively, with a $60 tar-
Exxon and Chevron, is off 14% this year Cabot Oil & Gas / COG 25.42 11.8 9 0.67 38.2 10.9 0.8 get in 2019, down from $78. Goldman
and trades where it did in 2011. The Range Resources / RRC 22.23 5.5 35 0.69 32.3 7.8 0.4 Sachs energy analysts wrote last week
SPDR S&P Oil & Gas Exploration & E=Estimate Source: Bloomberg that oil prices could test $40 a barrel,
Production ETF (XOP), off 24% in while Barclays analysts last week reduced
2017, is back where it stood near the market bottom in 2009. Most E&P companies have little or no earnings, while 2018 and 2020 oil-price estimates, projecting that West Texas
Evercore ISI analyst Douglas Terreson has calculated the major integrated companies are barely covering divi- Intermediate could average $49 in 2018 and $51 in 2020.
that the five leading global supermajorsBP (BP), Chev- dends after capital expenditures.
ron, Exxon, Royal Dutch Shell (RDS.B), and Total Among energy analysts, Evercores Terreson is out front Coming into this year, there was optimism that the Or-
(TOT)have together spent $1.2 trillion in capital expendi- in pushing for greater industry discipline. Energy has ganization of Petroleum Exporting Countries production cuts
tures in the past 10 years, adding almost $200 billion in done poorly, and sentiment is awful. he says. Investors announced in late 2016 of about 1.2 million barrels a day
debt without increasing their annual energy production. Its will avoid the group until the corporate behavior changes. would pinch supply and help lead to $60-a-barrel oil late this
no wonder that the stocks have moved so little and valua- Terreson has urged energy companies to take the pledge year. However, stubborn increases in U.S. oil production have
tions have contracted, with most of the majorssave for and show greater capital discipline and enhanced corpo- weighed on the market. Bernstein sees increases in U.S.
Exxontrading around book value. rate governance. He wants energy managements to re- crude production of about a million barrels a day in 2018,
strain capital spending even if oil and natural-gas prices 2019, and 2020. Current OPEC production cuts are due to ex-
The big capital outlays by U.S. E&P companies, justi- rise, and to link executive compensation more toward stock pire in April 2018. Driscoll noted in a recent report that esti-
fied by dubious financial measures, are leading to unexpect- market performance and returns on invested capital rather mated December 2017 U.S. crude production has steadily in-
edly high growth in domestic energy production this year than production growth. creased since the start of this year.
and weighing on global crude markets. Companies need to Among big energy companies, BP, ConocoPhillips Reflecting the production growth, the U.S. rig count
stop increasing production just for the sake of growing, and (COP), Chevron, and Royal Dutch Shell effectively have more than doubled in the year ended in June. Flush with
grow only when it makes economic sense and generates re- taken the pledge, Terreson says. Companies that balance cash, private-equity firms are adding to the problem by
turns for shareholders, says Norman MacDonald, manager spending and shareholder distributions will generate higher shoring up bankrupt or financially distressed energy
of the Invesco Energy fund. There is no economic return returns and valuation. They will be rewarded in the equity producers.
at $50-a-barrel oil, let alone $45 or $40. market, he wrote. Despite the boom in renewable power, including wind and
 July 17, 2017 BARRONS 19

solar, oil demand is growing globally by of this year. and better long-term production outlook versus peers, as
just over a million barrels a day over Companies that Two major Canadian energy compa- well as strong asset leverage in a higher oil price
the next year, off a base of 98 million, nies, Suncor and Canadian Natural Re- environment. He has an Overweight rating and a price
with much of that coming from China
are more sources, get a bad rap because their target of about $36.
and India. Much also has been made of oil-sands production is viewed as a Barrons highlighted the appeal of Apache last week,
the threat to oil demand from the
profitable at lower dirty, environmentally unfriendly busi- including its Permian acreage that alone could be worth
growth in electric cars. Terreson wrote energy prices ness. However, the Alberta oil sands more than the stocks current price of $48 (Apaches De-
that while alternative vehicles repre- offer both enormous reserves and rela- pressed Stock Could Double, July 8). The company also
sent headwinds for oil-demand growth, are the ones most tively low production costs. Invescos has exposure to a less prominent but potentially prolific gas
the impact will be more than offset by MacDonald favors both of them, noting region of Texas called the Alpine High. Harris Associates,
growth in the global fleet of vehicles to likely to that they can produce free cash flow a large Apache holder, values its assets at $81 a share. CEO
an estimated 1.5 billion by 2021 from 1.3 after dividends and capital expendi- John Christmann told Barrons, Weve spent two years re-
billion today, fueled by a growing global prosper in this tures, even at current energy prices. positioning Apache. We have a very strong portfolio and are
middle class. positioned to try to thrive in a sub-$50 world.
While oil demand is rising, U.S. sup- environment. Canadian Natural Resources is fin- EOG Resources is probably the premier U.S. E&P outfit,
ply growth appears to be meeting it. ishing the third phase of its Horizon with some of the best management, drilling technology, and
Morgan Stanley analysts wrote recently oil-sands project later this year. Man- land positions in the Permian and Eagle Ford regions. Its
that it may take $40 to $45 crude to balance the market in agement recently said it can produce free cash after capital generating enough cash to boost production by 15% or more
2018. Reflecting the bearishness, the futures market now an- expenditures and dividends, even with oil at $40 a barrel. this year while paying a modest 1% dividend. Its shares now
ticipates that U.S. crude prices will hold below $50 a barrel The U.S.-listed shares now trade around $29 and yield trade around $91. Valuation is high, however, with the stock
into 2020. 2.9%. The company sees an ample $2.5 billion of free cash changing hands for 90 times estimated 2017 earnings.
That said, Evercores Terreson thinks oil prices could flow if oil averages $55 a barrel. Natural-gas prices, now below $3 per million British ther-
approach $60 a barrel later this year as inventories are Suncor, the countrys top integrated energy company, mal units, have been depressed by concerns about rising
drawn down globally. A similar argument was expressed by sees production rising at a 10% clip in the coming years. It supply associated with the oil-production boom in the Perm-
Citigroup senior energy analyst Eric Lee in a Barrons arti- announced a $1.5 billion share repurchase in April and con- ian Basin, as well as production growth in the Marcellus re-
cle last week (Oil Prices Could Rise by 35% Later This tinues to raise its dividend. The U.S.-listed shares trade gion of Pennsylvania. Investors now fear that new supply
Year, July 8). This, however, is a minority view. around $29 and yield 3.2%. The combination of the dividend will offset incremental demand from liquefied-natural-gas
and buyback could result in a 6% total yield. The company exports, new chemical plants, and Mexican exports. The fu-
If oil prices stay around $46 a barrel, its hard to see a ro- is driving down its operating costs and offers significant tures market anticipates $3 gas for the next few years.
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bust outlook for most energy companies. Investors may exposure to higher oil prices. Suncor also has a valuable
have to be prepared for a lower-for-longer outcome and in- refinery business in the U.S. and Canada. Two of the better gas plays are low-cost Marcellus pro-
vest based on a $50-a-barrel scenario for some time, says Barclays analyst Cheng calls Suncor one of the worlds ducers Cabot Oil & Gas and Range Resources. Both are fa-
Phil Gresh, a JPMorgan analyst. Companies that are more most attractive major oil companies, offering a predictable vored by Stifel analyst Karl Chalabala, who says Cabot sits
profitable at lower energy prices are the most likely to on the best rock in North America for gas. Both compa-
prosper in this environment. He favors Canadian Natural nies use hydraulic fracturing, or fracking, to force out gas

A
Resources and Chevron. from rock formations.
Exxon boasts one of the worlds best energy resources DOWN IN Cabot is likely to generate strong production growth in
THE DUMPS
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and what Barclays analyst Paul Cheng last week called its
best in class chemicals and refining businesses that help
insulate the company from energy price swings. Cheng last
week increased his rating on Exxon to Overweight from
Equal Weight, with a $94 price target.
At $80, the stock doesnt look cheap, trading for 22 times
projected 2017 earnings of $3.70 a share, but its dividend
yield of 3.8% has rarely been so attractive relative to that
of the overall market. The stock is back where it traded in
2012. Exxon is operating way below its normalized earn-
ings power, argue Manoj Tandon and TVR Murti, director
of research and portfolio manager, respectively, at Pzena
Investment Management in New York. They note that
Exxons earnings have averaged $5.65 a share in the past
15 years. With reduced capital expenditures now running
below depreciation expenses, Exxons earnings understate
its free cash flow.
Chevron offers an improving cash-flow story and greater
dividend coverage, as it moves toward completion of its
giant Gorgon natural-gas field off the coast of Australia and
begins to ramp up production at another large Australian
gas field. Both supply the growing international liquefied-
natural-gas market. The companys energy production is
expected to expand 4% to 9% in 2017 and rise again next
year. Its shares, now at $104, yield 4.2%. Chevron is shifting
its exploration budget to the Permian Basin, where it has
one of the best land positions. Analysts have been project-
ing greater than 100% dividend coverage in the second half
The price of U.S. benchmark
West Texas Intermediate has
fallen to a recent $46 a barrel.
WTI CRUDE OIL
(per barrel)
08 09 10 11 12 13 14 15 16 17
Source: Bloomberg
both 2018 and 2019, helped by expanded pipeline capacity
out of the currently transportation-constrained Marcellus.
He says that Cabot could generate almost $1 billion of free
cash flow after capital expenditures in 2019an 8% free-
cash-flow yield. This estimate reflects currently low futures
prices. The favorable Cabot story has enabled it to vastly
$140
outperform its peers this year. Its shares are up 9%, at
$25, against 30% declines in some gas issues. Chalabala
120 carries a Buy rating and a $30 price target.
Range Resources has some of the best acreage in the
Marcellus, but its shares have been pummeled, falling 35%
this year, to $22, as investors worry about disappointing
100 initial drilling results at the Louisiana gas fields that came
with the companys purchase of Memorial Resource Devel-
opment last year. Investors now want the company to
80 demonstrate that the Memorial purchase wasnt a bad
move. Barrons wrote favorably on Range in March, when
the stock traded around $27 (Range Resources: An Unap-
60 preciated Energy Play, March 4).
Barrons also highlighted the value in the group in a
story a month ago (Energy Shares Could Soon Heat Up,
40 June 10). We continue to be cautiously optimistic.
With many shunning the energy sector amid fears of a
multiyear slump, investors may want at least some exposure
to it when much of the stock market is at or near record
20
levels. Dividend-rich Exxon Mobil and Chevronas well as
the other six highlighted in this articleoffer staying power
in a tough environment. 
 20 BARRONS July 17, 2017

Tech Trader

Micron May Be Headed for a Fall

by Tiernan Ray
THE MARKET FOR MEMORY CHIPS HAS BEEN ON FIRE ers, everyone is comfortable keeping supply low and raking in profit.
this year, which has been very good for shares of the So far, thats been true. Manufacturers are holding back [on produc-
handful of manufacturers, including Micron Technol- tion] as prices soar through the roof, says Matas.
ogy. But the end of that great run in memory may be It would be wrong to presume Samsung wont be aggressive in adding
just around the corner. The market for Microns wares capacity. For the moment, theres not a lot of grabbing of market share,
is still one ruled by supply and demand, and those says Matas. It will happen soon enough, I gotta believe it will.
rules are going to come back to crash the party. In 2015, Microns stock was cut by almost two-thirds as Samsung
The amazing rise of 139% in the past 12 months for Micron (ticker: turned on the taps in its DRAM business, in an effort to take share from
MU) stock has, oddly, left the shares vastly cheaper today than a year Micron.
ago, because earnings estimates have risen even faster. At a recent With demand as good as it is, its logical to expect Samsung will get
$31.79, Micron trades for just five times its projected 2018 earnings, aggressive again, and not necessarily to hurt Micron. It might be as sim-
down from a forward earnings multiple of almost 30 times ple as a given customer wanting a lot of DRAM or flash
a year ago. In 2015, Microns for a new product coming a year or two in the future, and
That price/earnings multiple is not a bargain, however. Samsung wanting to be sure it can meet that demand.
Its a warning. Investors are scared the good times cant stock was cut by two- Another possibility is a cooling of demand. One theory
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last. And they cant. is demand is in a bubble that could burst because of what
Right now, there is a kind of perfect storm of tight sup-
thirds as Samsung you might call the Apple Effect. Apple (AAPL) is said
ply coupled with raging demand that seems like it could turned on the taps in to be building its next iPhone, the one some call the
go on forever. On the supply side, DRAM has dwindled in iPhone X, and its expected to debut this fall.
the last decade to just three manufacturers, Micron, and its DRAM business. One observer, Mehdi Hosseini, who follows Micron for
the two South Korean giants, Samsung Electronics Susquehanna International Group, says the entire supply
(005930.Korea) and SK Hynix (000660.Korea). Those same three compa- chain for memory chips has been stockpiling parts, worried that Apple
nies compete in flash memory, joined by Japans Toshiba (6502.Japan), will not leave enough for anyone else. Lets call it the fear factor,
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

and its joint venture partner, Western Digital (WDC). As recently as says Hosseini. The iPhone X may have a top capacity of up to 256 gi-
2010, there were 17 memory chip suppliers, according to chip research gabytes of flash, up from 128 gigabytes in last years iPhone 7. Ev-
firm IC Insights; in 1990 there were over 30. eryone is sitting on a lot of inventory, waiting to see what Apple does,
That tight club of producers has been struggling with a vast change he says.
in the complexity of DRAM (dynamic, or volatile, memory) and NAND
(nonvolatile, or flash memory), which has limited their output of late. To- The Apple effect can be debated, but the ingredients are there for
days semiconductors have transistors that rise vertically from the sur- a more-gradual cooling. Second-quarter personal computer sales saw the
face of the chip, rather than stretching horizontally, as in the past, mak- 11th straight quarterly decline in sales, at least in part because rising
ing them harder to manufacture. prices of key components like DRAM drove up prices of PCs, hindering
For years, the personal computer market drove chip sales. What is sales to price-sensitive consumers. The market could see manufacturers
selling today is very high-performance DRAM for graphics in video gam- like HP Inc. (HPQ) simply stop buying until prices cool.
ing and cloud computing servers. And flash chips are selling like crazy Hosseinis colleague Christopher Rolland, back from a recent tour
for faster storage in Internet data centers. Those are all more-sophisti- of Asia, says the lead times, meaning how long it takes to get a part,
cated parts that come with higher prices. Average selling prices are ex- are now elevated, taking longer to get delivery of a variety of chips
pected to rise 63% this year for DRAM, the main memory of computers, including memory. That brings the entire market closer to where it was
and 33% for flash chips that are the permanent storage for files. when semiconductor sales peaked in 2010 and 2011.
No one knows when such lead times will reach a critical stage, says
The seeds are set for a reversal. Prices fell so low in 2014 that parts Rolland, signaling the end of the current cycle, but it could be sooner
were just ridiculously underpriced, they were almost stupid low, says than you think. Its like Warren Buffetts famous saying, says Rolland
Brian Matas, an analyst covering memory for IC Insights. Now, the of the chip industry. Everyone is at the dance, waiting til just before
market has almost overreacted by getting up to this point, he says of the stroke of midnight to leave before turning into pumpkins; the only
the snapback. problem is there are no clocks on the wall. 
What happens next is either an announcement of new capacity, and
therefore supply, or a cooling of demand. A popular notion of the bull Tiernan Ray can be reached at tiernan.ray@barrons.com,
camp is that with the market consolidating to just a handful of produc- blogs.barrons.com/techtraderdaily, or twitter.com/barronstechblog
 July 17, 2017 BARRONS
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Talking With Ford ONeil
Portfolio Manager, Fidelity Total Bond Fund
Repositioning Risk
by Sarah Max
FORD ONEIL LEARNED ABOUT THE POWER OF COMPOUND INTEREST AFTER HIS FIRST JOB,
at age 9, pulling weeds for a bookstore near his hometown north of Boston. He deposited
his earnings65 cents an hourin a local bank, and was pleasantly surprised when the
balance listed in his passbook increased even when he wasnt making contributions. I
was quite intrigued, says ONeil, now 55. That was my first lesson in finance.
Interest rates are considerably lower today, but the lead manager of the $29.7 billion
Fidelity Total Bond fund (ticker: FTBFX) has compounded impressive returns for
his investors over his nearly 13-year tenure managing the fund. It is up more than 5%
21
Mutual Funds
July 10 through July 14, 2017
a year, on average, over the past decade, better than Ford ONeil of
80% of its intermediate-term bond category peers, ac- Fidelity Total Bond
cording to Morningstar. Whats more, its standard de-
viation is nearly identical to the category average for has scaled back on
that period, suggesting its excess returns arent the riskier bonds in favor
product of excess risk.
ONeils edification in income investing continued
through high school, as he looked for better places to
of Treasuries and
European banks.
park his savings. He moved some money to certificates of deposit. (Thats when I
learned about term premium, he says.) Then he opened a money market fund, at
Fidelity no less, sparking a long discussion about credit risk with his father.
In hindsight, ONeil seemed destined to be a bond manager, but he didnt connect
the dots until after he studied government at Harvard University and worked in invest-
Jason Grow for Barrons
ment banking for a few years. What I liked most was speaking with the folks on the
buy side, ONeil says. He went to business school at the University of Pennsylvanias
Wharton School and interned at Fidelity. I fell in love with the fixed-income world,
he says of the experience, which he parlayed into a full-time continued on page 22
 22
position as a credit analyst and, eventually, a
portfolio manager.
Early in his career, he says, a managers
currency was his or her ability to uncover in-
formation. Today, its just the oppositeits
the ability to sift through all the informa-
tion, says ONeil, who spends most of his
day on Fidelitys fixed-income trading desk
in Merrimack, N.H.
ONeil is ultimately responsible for the
fund, but he credits his co-managers, trad-
ers, and team of more than 100 fixed-income
analysts with helping him synthesize infor-
mation, both from the macro-economic level
and from ground-up analysts findings. Once
he has a plan for allocating assets, he works
with his team to build the portfolio, bond by
Fidelity Total Bond
Total Return*
1-Yr
FTBFX 1.5%
Bloomberg Barclays
U.S. Aggregate Bond 0.6
Top 10 Categories
U.S. Treasuries
Corporate Investment Grade
Agency MBS
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Corporate High Yield
TIPS
Leveraged Loans
Emerging Markets
CMBS
Other Government
Consumer ABS
Total
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
*All returns are as of 7/12; five- and 10-year returns are annualized.
**Fund uses leverage. Holdings as of 5/31.
Sources: Morningstar; Fidelity Investments
bond. We arent buying beta [broad market
exposure], says ONeil, who oversees more
than $100 billion in fixed-income assets for
Fidelity. Were buying securities.
While the fund has a broad mandatefor
example, as much as 20% of its assets can be
non-investment gradeONeil is vigilant
about making sure its risk and return are ap-
propriate for a core holding. The $278 million
actively managed Fidelity Total Bond ETF
(FBND), which was launched in late 2014,
follows the same playbook, but the holdings
vary, in part because the mutual fund is more
than a decade older.
His view: Interest rates are likely to rise
modestly as inflation inches higher, but
strong demand for fixed incomefrom retir-
ing baby boomers as well as overseas
investorsshould have a stabilizing effect.
ONeil still looks to take advantage of
price corrections. In December 2015, he
began adding Treasury inflation-protected
securities to the portfolio. We thought the
reflation trade would happen, he says, add-
ing that inflation expectations hit a low in
BARRONS
early 2016; inflation didnt need to increase a
whole lot for TIPS to outperform.
ONeil has since increased his TIPS posi-
tion to more than 6% of the funds assets, fo-
cusing on intermediate and longer-term
bonds. With unemployment at 4.4%, wage
growth, which drives inflation, is imminent.
If were right, there is going to be a larger
total return for those [longer duration]
securities, he says. The funds overall dura-
tion, recently 5.4 years, is slightly less than
the Bloomberg Barclays U.S. Aggregate.
Likewise, in early 2016 the team started
handpicking energy names, both investment
grade and high yield, that were dragged
down by the rout in oil prices. Anadarko Pe-
troleum, for example, is an investment-
grade name that was priced as if it was going
to be a high-yield name, he says. The fund
found deals in emerging markets, including
debt in Brazils Petrobras and Pemex in
5-Yr 10-Yr Mexico. We also liked pipelines that hap-
2.9% 5.1% pened to get lumped in as an energy play,
he says of such master limited partnerships
2.0 4.5
as Kinder Morgan (KMI) and Williams
% of Portfolio Partners (WPZ).
31.6% ONeil has since retreated from risk
23.3 reducing his position across virtually every
18.0 fixed-income categoryand raising the funds
7.3 Treasury position to nearly 32% of assets,
6.7 more than double what it was a year ago.
5.0 The risk assets we purchased are priced for
4.6 perfection, he says. There isnt a lot of
2.2 value and very little margin for error.
1.4 While the fund has dialed back its high-
0.8 yield and emerging market ownership
100.9** (recently just 7.3% and 4.6%, respectively), it
has also trimmed some 10 percentage points
from its corporate investment-grade position,
recently 23.3% of assets. The same goes for
agency mortgage-backed securities, which
are 18% of assets, compared with more than
28% for the benchmark. His biggest concern
isnt the health of the U.S. housing market,
but the Federal Reserves substantial stake.
Before 2008, they owned nothing but Trea-
suries, he says. The question you have to
ask is, eight years after the financial crisis,
should they still be buying mortgages?
The fund is still overweight financials, but
ONeil says he is more cautious about U.S.
names today, namely because the upside
offered from credit-quality improvements
seems to have run its course.
Europe, however, may be a different
story. They are in the early innings of what
we saw eight years ago, he says of the
funds strategy to buy debt in the most sig-
nificant banks in their respective countries.
These national champions include Credit
Suisse in Switzerland, Deutsche Bank in
Germany, and Barclays in the United King-
dom. Bond prices in the sector arent as
cheap as they were a year ago, he says, but
they still have room to run. 
July 17, 2017
Fund of Information
Actively Seeking Discounts
by Crystal Kim
PEOPLE LOVE A GOOD DEAL. WHILE CLOSED-END FUNDS DONT
typically inspire quite the frenzy of Amazon Prime Day, they
do have a following, which is now being offered a new way to
buy them.
Closed-end funds, or CEFs, are essentially actively man-
aged mutual fundsusually fixed income or other harder-to-
trade securitiesthat trade like stocks. Theyre different from
exchange-traded funds, in that they dont have a mechanism that keeps the
funds net asset value in line with the share priceso CEFs can trade at a dis-
count or premium to its holdings. For some investors, thats enough: They buy
on expectations that the discount will shrink or disappear altogether. Sometimes
that happens naturally, as more investors are drawn to the fund. And sometimes
activist investors step in to force the funds management to address the discount.
Enter Saba Capital Management: The New York hedge fund firm, founded
by Boaz Weinstein, started buying CEFs in 2013. (If Weinsteins name is familiar,
its probably because in 2012 Weinstein made a killing by being on the other side
of an outsize derivatives bet by JPMorgans London Whale.) Last year, Saba
acquired shares of CEFs from Clough Capital Partners, as poor performance
resulted in mass selling and excessively wide discounts to NAV. Sabas big stake
in three of Cloughs funds allowed it to force management to agree to a tender
offer, which will take place in August, allowing shareholders to sell a portion of
their shares back to Clough at a price very close to the NAV. Clough also agreed
to guarantee a 10% monthly distribution. In exchange, Saba said it would with-
draw its slate of nominees for Cloughs board and vote with management for the
next four years. The funds discounts dropped from 8% to 5% on the news,
though they had been as high as 18%.
Saba got the change they wanted, period, says Maury Fertig of Relative
Value Partners. Thats a real home run for them.
Its also a potential win for investors in Sabas new actively managed ETF,
the $14 million Saba Closed-End Funds (ticker: CEFS), which holds the three
Clough CEFs and 17 others. Weinstein manages the ETF and ranks CEFs on
metrics such as historical premiums or discounts, leverage, yield, and activists
stakes. The three-month-old fund has an expected yield of 7.95% and charges
2.42%. Sabas fund isnt the only actively managed closed-end ETF out there
First Trust has two small onesbut it should benefit from the firms activism.
The ETF is far too new, tiny, and expensive to recommend, but its intriguing,
especially since CEF activism has been higher than usual lately. Discounts were
particularly wide in 2013, and by now many activist investors have amassed
enough shares to force change. Mariana Bush, an analyst at Wells Fargo
Advisors who specializes in exchange-traded products, worries that funds are
overpromisingguaranteeing yields that a portfolio may not be able to
generatewhen negotiating with activists. There has been more corporate
action lately, which tends to shrink a fund. Clearly, some profit short term, but
that is to the detriment of the longer-term shareholder, she says. Thats the
managers issue, counters Patrick Galley, chief investment officer of RiverNorth.
If the fund is underperforming, at least Im still getting my 10% at NAV.
Weinstein, of course, maintains that everybody wins. Theres no debate that
what were doing will benefit shareholders, says Weinstein. There are many
mom-and-pop investors who dont know whats what. They need someone like
us to fight for their interests. 
 July 17, 2017 BARRONS
ETF Focus
Good Intention, Meh Execution
by Lewis Braham
WHEN DOES A GOOD IDEA BECOME A GIMMICK? ADVISORSHARES FOCUSED EQUITY RAISES
that question. Launched last September, its the first exchange-traded fund to charge
a performance-based fee, which rewards manager Eddy Elfenbein if he beats the
Standard & Poors 500 index, and punishes him if he doesnt.
Elfenbein sees the fee structure as a way of aligning his interests with those of
shareholders. I view investors as partners in the fund, he says. One of the ideas
behind that is to say, Your pain or gain is my pain or gain. I dont make 2% of assets
in fees no matter what we do. I have skin in the game.
Those are noble sentiments. The problem is that the base management fee of the
fund (ticker: CWS) is 0.75% and can range only from 0.65% to 0.85%0.65% if the fund
trails the S&P 500 by two percentage points or more in the trailing 12 months, and
0.85% if the fund beats it by that or more. Meanwhile, you can buy the iShares Core
S&P 500 ETF (IVV) for 0.04%. But, says Elfenbein, I dont see us as in competition
with index funds. This is for people who are stock pickers. They like to beat the market.
In a world of computer-run ETFs, Elfenbein is a throwbacka truly active man-
ager who relies on qualitative judgments instead of quantitative rules-based screens.
The only rules his ETF follows are that it equal-weights his favorite 25 stocks and will
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23
sell and replace five of his choosing at the end of each year. Otherwise, Elfenbein looks
for high-quality businesses that dominate their industries based on his own analysis,
which his fans have grown accustomed to at his popular blog Crossing Wall Street.
A lot of investors always ask, Whats the formula? he says. They want to be wed-
ded to one particular statisticprice/earnings ratio, etc. I always say: Look at every-
thing. Look at the business and how its run.
Crossing Wall Street has a Buy List identical to the ETF, and Elfenbein has
updated it annually for 11 years. That Buy List produced a 169% cumulative return,
versus 127% for the S&P 500, and is the reason the $12 million ETF exists. But unlike
the ETF, the blog doesnt have management fees and doesnt execute actual trades.
Even if Elfenbein doesnt consider index ETFs a competitor, there are actively
managed funds that charge less than Elfenbeins lowest rate of 0.65%and many of
them have much longer track records. In the ETF space, Elfenbeins most direct com-
petition is Davis Select U.S. Equity (DUSA), which has an expense
ratio of 0.6%. Management firm Davis Advisors has a deep bench of ETF Table,
analysts poring over the stock market every day. Elfenbein has no Barrons.com
analysts. Its just me, he says. I should say I get a great deal of
help and feedback from my [blogs] readers, who are all over the world. But his read-
ers arent paid 0.65% for updating a portfolio once a year.
There are also excellent competitors in the mutual fund space with performance-
based fees. Two of the largest are the $1.6 billion Fidelity Trend (FTRNX) and the
$114 billion Fidelity Contrafund (FCNTX), both of which charge base fees of 0.55%,
which can rise or fall 0.2% on performance. Both funds have handily beaten the S&P
500 over one-, three-, five-, 10-, and 15-year periods.
Harkening back to the old star-manager model, the new ETF requires investors
to trust Elfenbeins admittedly biased judgments. Last year, he dumped Wells Fargo
(WFC) from his Buy List over its fake-account scandal. Honestly, I just got so angry
at the company, he says. I just didnt trust them. Thats what it came down to. That
same wordtrustis also critical when buying this fund. 
NOT FDIC INSURED | MAY LOSE
VALUE | NO BANK GUARANTEE
There are risks involved with
investing in ETFs, including possible
loss of money. ETFs are subject to
risks similar to those of stocks.
Before investing, investors
should carefully read the
prospectus/summary
prospectus and carefully
consider the investment
objectives, risks, charges
and expenses. For this and
more complete information
about the Funds call
800 983 0903 or visit
powershares.com for
prospectus/summary
prospectus.
Invesco Distributors, Inc.
A long-term track record
with long-term growth Cos.
 24 BARRONS July 17, 2017

Barrons bullish picks for the first six months of 2017 rose 2%, on average, trailing
the 2.6% gain for our benchmarks. But our pans were spot on, falling 17.3%.

Good, Not Great: Our First-Half Grades Are In

by Avi Salzman
SUPERCHARGED STOCKS LIKE TESLA DROVE THE MARKET
higher in the first half of 2017, but we were too often left
standing by the side of the road.
Stocks recommended in bullish Barrons stories have
trailed their benchmarks this year. But investors who
heeded our warnings about risky stocks saved themselves
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
quite a bit of heartache. Stocks that were featured in our
skeptical stories tumbled 17.3% on average.
For what its worth, we didnt miss by much. Companies
featured in bullish Barrons stories rose 2% on average in
the first half of the year, starting from the closing price on
the Friday before the stories were published and ending
on June 30. The Standard & Poors 500 index rose 2.9%
on average over the same periods, and the benchmarks
we track the stocks againstthe S&P 500 for large-cap
and foreign companies, the S&P MidCap 400 for mid-
size stocks, and the Russell 2000 for small-capsrose
2.6%. Add dividends, and our
picks rose 2.6%, versus 3.5%
for the S&P 500.
The smart macro call for
most of the first half of 2017 was
to buy tech stocks. Despite a me-
diocre June, tech was the top S&P
500 market sector, rising 16.4%, fol-
systems. The stock jumped 46% from its publication in
late March to the end of June, helped by a rebound in so-
lar investment in the second quarter. PICO Holdings
(PICO), a small conglomerate that owns water rights and
home-building stakes, rose 29% from March to the end of
June, as new management has
improved the company. Two larger Full report cards
names also boosted our perfor- for Barrons 2016
mance: Online travel company Ex- and 2017 picks
pedia (EXPE) was up 28% since can be found at
our story, and health insurer Barrons.com.
Anthem rose 23%.
But other picks fell short. A bullish story on Trans-
ocean (RIG) has not panned out so far, as shares have
fallen 40% since its February publication amid continued
weakness in offshore oil drilling. And our positive take on
gaming-equipment maker International Game Technol-
ogy (IGT) has also been disappointing, with shares drop-
ping 32% since February.

lowed closely by health care at
15.1%. We did find value in some tech
and health-care names, Alphabet
(ticker: GOOGL) and Anthem (ANTM),
in particular, and that helped Barrons
overall performance. But we didnt pick
enough of them. Our preference tends toward
value stocks trading at a discount to their
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
The table on this page shows our top-five performing
bullish picks, and our top-five pans. Full tables of all our
2017 picks through June are available online, as are our
picks for all of 2016.
Our efforts to warn investors about stocks with
potential pitfalls paid off, however. A story in January
smartly predicted that Peabody Energy shareholders

peers or the overall market, so were more would get bupkis for their shares once Peabody emerged
likely to be left behind by a rally that lifts from bankruptcy. AquaVenture Holdings (WAAS), a
momentum and growth stocks. Florida-based company that owns desalination plants and
Large-cap value-focused mutual office water coolers, dropped 38% after our January story
Top Picks and Pans funds likewise trailed the market in pointed out its gushes of losses. And our bearish call on
the first half, rising 5.5%, according Snap (SNAP), the owner of social-media app Snapchat, is
Tech and health-care stocks led the market in the first half. We picked some of those, if not to Lipper. Growth funds rose 15.4%, looking smarter by the day. Shares ended the first half
enough. But the market trashed our bearish picks, just like we predicted. Peabody Energy, for while the S&P 500 returned 9.3%. down 34% and have continued to drop in the days since.
example, went to zero in a matter of months. Full tables are online.
Barrons also tracks the perfor- We also keep track of stocks on a longer-term basis,
BULLISH 2017 mance of stocks weve featured on since we generally dont expect picks to pan out immedi-
2017 PRICE TOTAL RETURN Barrons.com, where you can find a ately. Stocks featured in bullish Barrons stories in 2016
Company / Ticker Pub Date Pre-Story 6/30/17 Stock Benchmark
table with the full list for this year rose 20.4%, versus 17% for their benchmarks and 15.3%
SolarEdge Technologies / SEDG 3/27 $13.70 $20.00 46.0% 4.9% and last. We track stories that fo- for the S&P 500. Add dividends, and Barrons picks rose
PICO Holdings / PICO 3/13 13.60 17.50 28.7 4.2 cus on one or two stocks, but those 21.9%, versus 19.1% for the benchmarks and 17.6% for
Expedia / EXPE 1/9 116.45 148.95 28.4 7.5 that highlight more, such as sector the S&P.
Anthem / ANTM 1/30 153.35 188.13 23.5 6.6 stories, are not included. On the bearish side, our picks rose 15.8%, versus a
Linamar / LNR.Canada
1
4/17 54.50 63.92 20.2 4.3 If stocks make a large move, we 14.9% increase for the benchmarks. In other words, too
1-Prices in local currency, returns in USD tend to write follow-up stories about many of our picks went up, not down. Given that most
them. Then, if we advise readers to Barrons stories attempt to gauge stocks potential over
BEARISH 2017
2017 PRICE TOTAL RETURN sell a bullish pickor buy a bearish the coming year, our 2016 record may say more about our
Company / Ticker Pub Date Pre-Story 6/30/17 Stock Benchmark onethe price is locked on the judgment. Among the best picks from 2016 was United
Peabody Energy / BTUUQ
1
1/16 $4.92 $0.00 100.0% 0.1% score card on that day. States Steel (X), which more than doubled after our bull-
Bob Staake for Barrons

AquaVenture Holdings / WAAS 1/2 24.53 15.23 37.9 5.0 ish October story. President Donald Trumps infrastruc-
Snap / SNAP 3/6 27.09 17.77 34.4 2.3 Our most successful bullish pick ture plan and tariff threats gave the stock an immediate
Glaukos / GKOS 4/10 51.50 41.47 19.5 4.1 was SolarEdge Technologies lift. Barrons recommended that investors take profits just
Hess / HES 2/20 51.75 43.87 14.3 3.8 (SEDG), an Israeli company that two months after our first story, a smart piece of advice:
1-On 4/3/17 company emerged from bankruptcy and restructured makes components for solar-power Shares have since fallen 35%. 
 July 17, 2017 BARRONS
Economic Beat SPEAKING OF DIVIDENDS
5 Picks for Payout Hikes
A researchers selections eschew yield for growth
Predicting the Next Recession RETIREES DEPENDANT ON A REGULAR FLOW
of income often fall into the trap of yield
by Gene Epstein piggery: They buy stocks based solely on
THE CONSENSUS OF BLUE-CHIP ECONOMIC FORECASTERS PUTS the size of their dividend yield. Instead,
the odds of a U.S. recession from now until the end of this they need a healthy dose of green in
year at one chance in eight. Next year, according to the their dividend diet.
consensus, the odds will double to nearly one chance in four. The concept of dividend growth is a
The chart on this page suggests a more reliable way to tell new thing for dividend investors, says
when the odds of recession are high: whether or not the yield Kian Salehizadeh, senior analyst at Real-
curve on U.S. Treasuries is inverted. ity Shares, a San Diego firm that runs a
The bane of most leading indicators is false alarmstechnically called false stock-rating service and sponsors a small
positives. Hence, economist Paul Samuelsons famous quip that the stock group of exchange-traded funds. Its
market has predicted nine of the past five recessions. never about the yield. Its about finding
By contrast, the inverted yield curve on Treasuries has predicted three of
the past three recessions. It has also done quite well in advance of previous
downturns, although it did suffer a false alarm or two in those periods. But its Forget the Yield
impeccable record on the most recent three recessions helps lend confidence These stocks have low yields but the strength
to its predictive powers. Moreover, the neat trick has been achieved in advance needed to lift dividends.
of two mild downturns (1990-91 and 2001), and one deep one (2008-09), which
indicates a certain degree of versatility. Company / Ticker Yield
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Normally, the Allstate / ALL 1.67%
yield curve slopes Activision Blizzard / ATVI 0.52
Its Over When the Yield Curve Rolls Over upward, since long- Intuit / INTU 1.02
Interest rate on 10-year Treasury note minus that of term interest rates Ross Stores / ROST 1.11
three-month Treasury bill (average monthly) are usually higher Tyson Foods / TSN 1.44
n=Recession than short-term- Source: Reality Shares
3.75% rates. Accordingly,
since the nearby the fundamentalsthe best performers.
3.00
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
chart measures the Even stocks with long dividend-payment
2.25 slope of the yield histories and generous payouts dont
curve by subtract- guarantee long-range performance.
1.50 ing the interest rate What Reality tracks are those green
on the three-month shoots of future growth, or dividend
0.75
Treasury bill from prospects, which its stock-rating service
mid-July 2017
0.00 the 10-year Trea- Divcon defines as the estimated future
sury note, the line is earnings over the next 12 months. Says
-0.75 usually in positive Salehizadeh: Dividend growth is argu-
85 90 95 00 05 10 15 territory. But when ably the single most-important determi-
Sources: Federal Reserve Board, Haver Analytics
the yield curve goes nant to building a valuable portfolio that
flat or inverted, short rates equal or exceed long ones, and the 10-year minus will provide sustained cash payments and
the three-month is zero or a negative figure. total return over years to come.
A January 2010 Federal Reserve Bank of New York staff report, called Reality Shares sponsors several ETFs
Monetary Cycles, Financial Cycles, and the Business Cycle, explained why that pursue varieties of this growth strat-
an inverted yield curve signals recession. Financial institutions tend to borrow egy. One of them, 18-month-old Reality
on the short end and lend on the long. And when borrowing short costs as Shares Divcon Leaders Dividend (ticker:
much or more than gains from lending long, this reduces net interest margin, LEAD), with $12 million in assets, repre-
which in turn makes lending less profitable, leading to a contraction in the sup- sents a collection of top-rated large-cap
ply of creditand sparking a contraction in output. equities. Another, Reality Shares Divcon
The charts yield-curve measure went negative in June 1989, 14 months before Dividend Defender (DFND), with just
the official onset of the 1990-91 recession; nine months before the recession of $2.5 million, goes long with dividend
2001; and most recently, 16 months before the downturn of 2008-09. Since the growers while shorting those that look
yield curve is still positive, it seems the expansion still has breathing room.  most likely to cut their payouts.
Dividends make a huge difference in
email: gepstein@barrons.com stock performance. MSCI research re-
leased in February 2016 shows that over
25
n by Jack Willoughby
20 years through 2015, dividend growth
was almost 65% of the total return in
world equities. Dividend yield accounted
for 29%, and price appreciation, 6%.
Dividend quality drives performance,
especially among large-cap U.S. equities.
Reality Shares research shows that its
highest-rated dividend-paying stocks
outperformed the Standard & Poors 500
index by 8.7% from 1992 to 2016, as mea-
sured in successive five-year spans.
Contrary to what some investors
believe, Realty Shares highest-rated
stocks often sport some of
the lowest yields. Inves- Dividend
tors need to focus more Payments,
on fundamentals and less page M39
on yields. The highest-
Est. Div. yielding stocks most often have the least-
Growth stable prospects, and contain the most
11.0% risk, says Salehizadeh.
10.0
14.8 We asked Reality Shares to prepare a
7.4 list of five potential dividend growers that
28.7 might appeal to investors. Divcon rates all
of them in its top two grading tiers.
Intuit (INTU), Ross Stores (ROST), and
Tyson Foods (TSN) are in the Leaders
Dividend portfolio, while Activision Bliz-
zard (ATVI) and Allstate (ALL) arent.
The yields on all these stocks are well
below the 2.25% current average indicated
yield for S&P 500 companies.
Heres the analysts lowdown:
Activision has a record of five succes-
sive dividend increases with lots of free
cash flow to meet dividend obligations.
Allstate not only has had strong earnings
growth, but also a high level of share
repurchases. This indicates a commitment
to shareholders that could ultimately get
redirected to bigger dividend payments.
Intuit has solid expected earnings
growth and a yield that comes in well
below that of the S&P 500. Ross Stores
has impressive cash flow, good earnings-
per-share growth, and a large amount of
capital devoted to buybacks.
Tyson Foods has a history of big divi-
dend increases supported by strong earn-
ings growth. Indications are that Tyson
has large amounts of excess cash that
could be redeployed. 
email: jack.willoughby@barrons.com
 26
An Interview With Jason Kritzer and Samantha Pandolfi
Co-Managers, Eaton Vance Worldwide Health Sciences Fund
A Great Time to Be Investing in Health Care
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
From left: Jared Leeds for Barrons; Chris Gloag for Barrons
If a new health-care law gets passed, it will
look similar to the chassis of the Affordable Care
Act but with different subsidy levels. Jason Kritzer
BARRONS July 17, 2017
by Johanna Bennett
THE FUTURE OF THE U.S. HEALTH-CARE SYSTEM has Kritzer: Also, stock valuations are compelling. The
engendered fierce debate on both sides of the health-care sector trades at a discount to the
political aisle. But to Jason Kritzer and Samantha Standard & Poors 500 index. This isnt a regular
Pandolfi, co-managers of the $1.2 billion Eaton occurrence. It has happened just three times in
Vance Worldwide Health Sciences fund, other the past 25 years.
questions about health care are as pressing, if not
more so. For example, which drugmakers and What changes have you made to the portfolio
medical-device companies are developing break- since taking over the fund a year ago?
through therapies? Which pharmaceutical con- Kritzer: The portfolio we inherited had a signifi-
cerns have undervalued pipelines? Which compa- cant overweight in biotechnology relative to its
nies are developing and using benchmark. It was under-
technology to improve how Jason Kritzers and weight pharmaceutical stocks
health care is delivered? Samantha Pandolfis Picks by even more. We dialed
The pairKritzer works Recent down some of the risk with
in Boston and Pandolfi in Company / Ticker Price respect to biotech stocks
Londontook charge of the Vertex Pharmaceuticals / VRTX $130.92 ahead of the 2016 presidential
fund (ticker: ETHSX) on Zoetis / ZTS 63.05 election, and added to the
July 1, 2016, when OrbiMed pharma position. Our enthusi-
Shire / SHPG 163.78
Advisors, run by Sam Isaly, a asm for innovation isnt at all
well-regarded health-care Intuitive Surgical / ISRG 938.54 diminished. The overweight in
investor, stepped away from Gilead Sciences / GILD 70.58 biotech reflects that enthusi-
its advising duties. At the Source: Bloomberg asm, but not all innovation
time, Eaton Vance Worldwide was feeling the pain comes from biotech. As of May 31, the fund was
from a rout in biotech, Pfizers (PFE) failed overweight biotech by 10 percentage points rela-
merger with Allergan (AGN), and an underweight tive to its benchmark, compared with 19 percent-
position in pharmaceutical stocks, which left it in age points before we took over, and underweight
the cold when the sector rallied. The fund lost pharma by nearly seven percentage points, com-
nearly 15% for the full year, versus a 6.8% decline pared with 22 percentage points a year ago.
for the MSCI World Healthcare index. But
Kritzer and Pandolfi have turned things around: Which is the bigger issue for investors:
The Eaton Vance fund has returned 15.4% in 2017, government measures to control drug prices
only slightly below the benchmarks 16%. or the potential repeal of Obamacare?
Barrons recently spoke by phone with Kritzer, Kritzer: Drug pricing wont be as big an issue as
a former BlackRock analyst who joined Eaton many feared. The pharmaceutical and biotechnol-
Vance in 2012, and Pandolfi, who joined the com- ogy industries have been proactive with respect to
pany in 2015 after spending 15 years as a global pricing policy, extending an olive branch to the
health-care portfolio manager at Goldman Sachs Trump administration with suggestions on how
Asset Management. Read on to learn where they best to proceed. The leaked draft executive order
see the most exciting innovations and the best on drug pricing reads favorably for industries.
investment values. With repeal and replace [of the Affordable Care
Act], depending on how things shake out, hospi-
Barrons: Why is this a good time to consider tals are the big losers long term, due to cuts in
investing in health care? Medicaid. But if youre looking for growth, the
Pandolfi: It is an exciting sector. Health care ben- pharmaceutical and biotech industries are far
efits from an aging population. There is a lot of in- more investible, given the cash-flow generation
novation under way by drugmakers, medical- and drug pipelines.
device companies, and companies developing Pandolfi: One way or another, once the health-care
technologies used to deliver health care. From a legislation is resolved, it should act as a clearing
growth perspective, it is a great time to be event for our biotech overweight. The drug indus-
invested. try has gotten the message about pricing. Data
 July 17, 2017
show that price hikes during the first quarter
of 2017 were less aggressive than what weve
seen historically. Its all about innovation.
Companies that launch important new prod-
ucts will drive sales growth through volume,
not price hikesan important distinction.
For example?
Kritzer: Vertex Pharmaceuticals [VRTX] has
literally changed how we treat cystic fibrosis.
For years, patients lacked effective treat-
ments. Now, the company markets the first
and only disease-modifying cystic-fibrosis
drugs. An experimental three-drug combina-
tion pill that could hit the market by 2020 is a
possible $2 billion incremental-revenue
opportunity. We see Vertexs revenue growing
at least 20% this year and 30% in 2018. Per-
share profit could nearly double this year, and
nearly double again in 2018. The shares,
already up 49% in the past year, to $131, could
rally to between $152 and $155.
Which other drugmakers do you like?
Pandolfi: Zoetis [ZTS] isnt a traditional drug-
maker, but it is an innovation play. As the
largest player in the $30 billion animal-health
market, it sits between two trends. Americans
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spend heavily on the health of their household
pets, and demand for the companys livestock
products is growing in emerging markets.
Zoetis also has a strong research-and-devel-
opment pipeline and, unlike traditional drug-
makers, doesnt face generic competition or
insurance reimbursement issues. There is also
potential for margin expansion. The stock has
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
risen 28% in the past year to $63, but I see
another 15% upside.
Zoetis trades for a pricey 24 times 2018
earnings estimates. Where is the value?
Pandolfi: I anticipate big profit-margin expansion as Zoetis
moves more of its manufacturing in-house. Pfizer, its for-
mer parent, still manufactures some of the companys prod-
ucts. Given profit expectations, a multiple of 25 times 2018
earnings is achievable.
Which other drugmakers do you like?
Pandolfi: Shire [SHPG] is a controversial name. The
Dublin-based drugmaker bought U.S. biotech Baxalta for
$32 billion last year, and now relies on hemophilia drugs for
a large portion of its annual revenue. Investors worry that
its losing ground to rival drugs. Recently at 10 times earn-
ings and nine times enterprise value to earnings before in-
terest, taxes, depreciation, and amortization, the stock
looks cheap. It is trading as if the entire hemophilia fran-
chise will disappear. The majority of sales come from long-
duration, high-barrier-to-entry franchises. There are ques-
tions about how fast doctors will adopt new hemophilia
treatments. Meanwhile, there have been big innovation
wins with an experimental therapy for hereditary angioe-
BARRONS
There is a lot of innovation
under way by drugmakers,
medical-device companies,
and companies developing
technologies used to deliver
health care. Samantha Pandolfi
dema, or HAE, and last months Food and Drug Adminis-
tration approval for a new attention-deficit-hyperactivity-
disorder treatment.
I see upside of 40% for Shire. If the hemophilia fears
persist, it could take two to three years to deliver those
returns. If the fears abate, it will happen sooner.
Which areas of innovation have captured your attention?
Kritzer: Immuno-onclogy treatments are designed to turn
the human immune system loose on cancerous tumors, and
drugmakers are investigating several approaches. The
checkpoint inhibitors like Opdivo and Keytruda developed
by Bristol-Myers Squibb [BMY], Merck [MRK], and
other big pharmaceutical companies are effective in
roughly 25% of patients in several indications. Some can-
cers appear unresponsive. To improve response rates and
treat more patients, drugmakers are developing combina-
tion therapies that pair checkpoint inhibitors with other
immunotherapies, such as IDO1 inhibitors.
What is exciting in medical technology?
27
Kritzer: Intuitive Surgical [ISRG] isnt a
name from the cheap, out-of-favor bucket, but
its earnings power is greater than meets the
eye, with annual growth averaging an esti-
mated 15% over the five-span ending in 2020.
The company makes surgical robots used in
minimally invasive surgery. Patients require
less recovery time, and the number of opera-
tions performed using the robots is rising at
a double-digit clip. Looking ahead, a new sys-
tem, the da Vinci X, could drive an equipment
upgrade cycle over the next several years, as
hospitals replace older machines. Plus, the
robots are being rolled out in Japan, among
the worlds largest surgical markets.
Intuitive shares are up 39% in the past year,
and trade for more than 34 times 2018
estimates. Is the stock a buy right now?
Kritzer: I cant pound the table today, but it is
a stock to buy on a pullback.
Many investors have written off Gilead Sci-
ences [GILD] as a value trap. Why do you
own it?
Kritzer: The challenge facing Gilead is the de-
cline in hepatitis C drug sales. Still, Gilead
has a strong HIV drug business, with an
experimental combination therapy that could
support the franchises future growth. Gilead
has a small presence in the cancer market,
and this could be the direction it takes.
Is Gilead a buy?
Pandolfi: It depends on your investment
horizon. A long-term view affords a position
in the portfolio for a name like this. With the
current valuation and dividend, you get paid
to wait for the hepatitis C business to bottom,
or for Gilead to make an acquisition.
Senate Republican leaders want to vote shortly on a re-
vised version of the Senate health-care bill. Can it pass,
and how do you play that investment theme?
Kritzer: We like picking stocks, not legislative victories.
This one is too close to call. Senate Majority Leader
Mitch McConnell is in a tough spot. He needs to thread
the needle by attracting enough support from the conser-
vatives in his party without alienating the moderates, and
vice versa.
As of 7/13, the revised bill still doesnt go far enough
to whet the appetite of several moderates. If a new health-
care law gets passed, it will look similar to the chassis of
the Affordable Care Act but with different subsidy levels.
Our philosophy is longer-term. Our positioning might
change around the edges, but we are still focused on inno-
vation. There is noise surrounding this bill, but as weve
seen with prior legislation over the years, it generally isnt
as bad as feared.
Thank you, Jason and Samantha. 
 28 BARRONS July 17, 2017

Freestone Capital Managements Erik Morgan caught the

BEST technology-industry wave early on and rose to become
ADVICE Barrons top-ranked advisor in Washington state.

Beating the
Market, One
Step at a Time
by Steve Garmhausen
GROWING UP IN SEATTLE, ERIK MORGAN HAD A PROFES-
sional athletes competitive drivewithout, alas, the
athletic ability to match. But he would eventually find
a great outlet in investing.
As a financial advisor for the past 26 years, Mor-
gan, 48, has used his desire to beat the market as a
means to help secure his clients financial goals. Mor-
gan and his 29 colleagues serve 950 client households
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

and manage $3.6 billion of assets. Morgan is Barrons

top-ranked advisor in Washington state.
His firm, Freestone Capital Management, is known
for broadly diversified portfolios similar to those of
major endowments. One of the best-performing
elements of those portfolios has been directly owned
real estate. Freestone has invested $300 million of
client money in manufactured housing communities, in
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

which occupancy rates are fairly lowabout 70%.

Those investments generate yields of about 7%.
Our business case is to take [occupancy] to 95%, so the yield
goes up a lot, says Morgan. And were large enough to maybe
take that private investment and make it public.
Morgan earned a business-administration degree from Wash-
ington State University, and in 1992 took a job at a local financial-
consulting firm serving affluent families and businesses. Six years
later, he joined Arthur Andersen to lead a Pacific Northwest ex-
pansion of the accounting firms high-net-worth advisory business.
Andersen had relationships with the likes of Microsoft (ticker:
MSFT) and Amazon.com (AMZN), the dot-com boom was in
progress, and Morgan found himself in the catbird seat. I had
the opportunity to work with some of the wealthiest people in
Seattle, people I really had no business working with, he says.
But Morgan disliked the big-company culture, including the
restrictions on the sorts of investments he was able to make. In
1999, he left to work with Gary Furukawa, an early Amazon
shareholder who was establishing Freestone as a wealth man-
agement firm for himself and other clients.
Morgan still marvels at being able to catch the technology-
industry wealth wave. If I were in other parts of America, I
Brian Smale for Barrons
Freestone team seeking out better opportunities. Were defi- FAR AFIELD With U.S. stock valuations
nitely lookingand have been for a while nowat increasing in- incredibly high, Morgan is increas-
ternational exposure, says Morgan, with emerging markets ing exposure to emerging markets
becoming a bigger player. India and China, in particular.
Right now, Freestone has 12% of clients assets invested in
emerging markets, compared with 8% in the MSCI All Company
World Index. In particular, the firm is overweight India and
China. Were pretty certain that China will be the biggest econ- The Strategy
omy in the near future, with legs to grow, he says. If your time Location: Seattle
horizon is long enough, youll be fine. Clients: 950 households
Typical Account: $3.74 million
Morgan and company are avoiding hot stocks and looking As part of a broadly diversified
for cheap, solid plays. Our focus is typically on trying to find portfolio, Morgan favors directly
great businesses trading at attractive prices and owning those owned real estate.
businesses for a long time, he says. That said, Amazon remains Stocks: 43%
a great long-term play, he argues. Its recently announced acqui- Domestic
Developed Foreign
sition of Whole Foods Market (WFM) could be a warm-up for Emerging Markets
eventual entry into any number of industries that sell things. Other
Amazon is an incredible business, and there are incredible
Bonds: 18%
people running it, says Morgan. It appears to have a ton of Domestic
cash and an inexhaustible ability to go raise more. Developed Foreign

might be selling pharmaceuticals for a living, he says.
Looking at the investment landscape, Morgan sees U.S.
stock valuation as incredibly high. He isnt calling a correction,
having learned long ago that markets can defy gravity for quite
a while. But a growing list of risks and uncertainties has the
Emerging Markets
Successful investors are generally known for their patience Other:
and foresight, Morgan says. So its painful to see so many retail
Alternatives: 28%
investors repeating the mistakes of past U.S. stock market cycles.
The retail investor appears to be jumping back in, once again, Cash: 11%
at the end of the game, he notes. 
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
July 17, 2017
BARRONS
29
 30
Mailbag
Mailbag
Disruptive Coinage
To the Editor:
There is almost no industry that block-
chain will not disrupt (Beyond Bitcoin:
How Blockchain Is Changing Banking,
Cover Story, July 1). Nothing is off the
table. Gold mining will use distributed
ledgers to maintain a record of every
ounce of gold removed from the earth. Di-
amond smuggling will be a thing of the
past. We can put litter on the blockchain
and know not just which countries are the
culprits of filth but also which of those is
the biggest polluter.
Provenance, contract signing, the
destruction of every function of lawyers,
airplane schedules, lost luggage, and the
expensive back-office operations of banks.
These are just some of the incredible
applications of blockchain technology. Bit-
coin was only the first of many to come,
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
so-called killer apps. And while the
permissionless movement of value is only
nominally useful, as Barrons recognized
in the cover story, Bitcoin has truly
proved the value of the technology on
which it sits.
JOSHUA UNSETH
Deerfield Beach, Fla.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
To the Editor:
Blockchain technology is an exciting inno-
vation for the global community, in that
speed, accuracy, and security for every
transaction exceed any other system
currently in use anywhere in the world.
However, the term currency is a mis-
leading choice of names, as currency
seems to imply a relatively stable value,
and, as the article points out, it will be
too illiquid to use for daily purchases, and
will be mostly a store of value. Bitcoins,
Ethereum, etc., are currently too unstable
to qualify as a practical alternative to
major currencies like dollars or euros.
RONALD E. MILLER
Branford, Conn.
To the Editor:
Is it really possible that Barrons has
Paul Kales for Barrons
guzzled the blockchain Kool-Aid? The
blockchain is an extremely costly and
inefficient technology. The only practical
use for what people call blockchain is the
Bitcoin digital currency. While a number of
BARRONS
I am tired of the those people argument, when the truth is
that we people are the real users and drainers of the system.
financial institutions believe that block-
chain will evolve into a more efficient
medium for transferring value or owner-
ship of assets, in fact the elegance and
simplicity of blockchain as illustrated by
Bitcoin may also be the most daunting
obstacle to broader adoption. Despite an
enormous amount of hype and investment
going back nearly a decade, blockchain
remains a technology in search of real-
world relevance beyond the initial applica-
tion of replicating a face-to-face cash
exchange of value. Shame on Barrons for
lending its credibility to this terrible waste
of time and resources.
CHRISTOPHER WHALEN
New York
Perils of Medicaid
To the Editor:
The July 1 editorial, Middle-Class Med- fraud in the Medicaid program would
icaid, highlighted the rising costs of Med-
icaid. A reason that nursing care and other
costs rise is that there is a disincentive for
accountability and cost-effectiveness in the
program.
The federal portion of Medicaid spend-
These days, leasing your soul is a better option.
ing now averages 62%, with some states as
high as 75%. For every dollar that a state
spends, it receives more than a dollar in
federal funds. Cost containment and fraud
prevention would reduce the flow of
federal funds. The states are responsible
for Medicaid-fraud reduction and recovery.
As states shares fall, it thwarts any
urgency in this effort.
Twelve states recovered less than
$100,000 in Medicaid-fraud criminal cases
in 2016 (source: Medicaid Fraud Control
Units Statistical Data for Fiscal Year 2016,
Office of Inspector General). Only one of
the 12 had a Medicaid program expense of
less than $1 billion in 2016. Thirty of the
50 states recovered less than $1 million in
Medicaid-fraud criminal cases in 2016.
The total criminal-fraud recoveries rep-
resent one-half of 1% of the governments
own estimates of Medicaid fraud. Reduc-
ing the estimated $70 billion of annual
most are deserving of help financially with
purchase a lot of health care.
JEFF LESTON
New York
To the Editor:
Getting Medicaid when you have trans-
hospitals allowed to merge, creating mo-
Letters are subject to editing.
July 17, 2017
FRANCINE COHN, Hood River, Ore.
ferred assets and still own your home and
retirement account is despicable, if not
criminal. I am tired of the those people
argument, when the truth is that we peo-
ple are the real users and drainers of the
system.
FRANCINE COHN
Hood River, Ore.
To the Editor:
I have been a nursing-home administrator
for nine years and can say that only one
person in my list of applicants for Medic-
aid over those years was hiding assets or
scamming the system.
By and large, most of the applicants I
review for submission have nothing, live in
an apartment, a run-down trailer house, or
the like.
Some people may be undeserving, but
my experience in this industry says that
nursing-home care through Medicaid.
RON SEMLER
Ogden, Iowa
To the Editor:
Cracking down on those who waste their
assets in order to receive Medicaid bene-
fits for long-term care doesnt address the
real issues concerning Medicaid or, for
that matter, the entire health-care system.
The real issue is costs.
Why can insurers and pharmaceutical
benefit managers negotiate with drug
companies, but Medicare cannot? Why are
nopolies in many areas? Why dont we
crack down on unnecessary testing? Why
is end-of-life care such a large share of to-
tal health-care costs?
Unless we work something out, we will
have a single-payer system run by the
government the next time the Democrats
control the White House and Congress.
LEON GRAIFER
Syosset N.Y.
Send letters to:
Barrons Mailbag, 1025 Connecticut Ave.,
Washington, D.C. 20036. Fax: (202) 862-6633.
Email: Mail@Barrons.com. To be considered
for publication, correspondence must bear the
writers name, address, and phone number.
 July 17, 2017
Editorial Commentary by Thomas G. Donlan
Which Americans Come First?
Favoring steel producers over consumers is not in the national interest
Anyone who is sure that
America first is the answer
must first ask why steel
makers are more important
than steel users.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
BARRONS
A
S AMERICAN CHAUVINISTS KNOW RE-
flexively, there is nothing more im-
portant to the safety and security
of the U.S. than a strong domestic
steel industry. They see economic protection
of steel as the key to military protection with
weapons.
Kevin L. Kearns, president of the U.S.
Business and Industry Council, asked recently
on behalf of his clients, Who can know the
extent and type of military-steel capacity the
U.S. might require in a widespread conflict
in the South China Sea, the Korean Peninsula,
the Middle East, and Eastern Europe? If U.S.
mills were reduced to a fraction of their cur-
rent capacity or eliminated, our defense
efforts might fail.
Policies based on unknown unknowns are
known to be dangerous, but President Donald
Trump gave an order in April for his Com-
merce Department to investigate whether
imports of foreign steel threaten national
security. Commerce Secretary Wilbur Ross, a
former steel company investor and executive,
is the chief investigator.
We are going to fight for American work-
ers and American-made steel by conducting a
thorough investigation into steel imports,
said Trump in a White House press release.
Such investigations are often commis-
sioned in Washington, and not just by the
Trump administration. All presidents seem to
know the passage in Alices Adventures in
Wonderland where the Red Queen outlines
the judicial process: Sentence firstverdict
afterward.
Delayed Deadline
Ross started work immediately and said a
completed report would be sent to the White
House by June 30. Operating at a pace that
seems to be the new normal for government in
action, Ross has not yet issued either a
sentence or a verdict.
So things could be worseand probably will
be: The president has broad congressional au-
thority to impose tariffs and other protections.
We hope (but dont expect) that the Trump
administration is realizing that protection of
the U.S. steel industrys sales to the Depart-
ment of Defense involves a lot more than a
simple America first policy and a lot less
than a major issue of national security.
America first? Which Americans? Tariffs
and import restrictions may secure profits for
steel mills and employment for steel workers,
at least temporarily. But protection will inevi-
tably drive up the cost of any product. Other
American companies are the customers of the
U.S. steel industry. Protectionism wont put added by U.S. firms that use steel is more
them first.
Steel users employ more than 40 times as
many workers as those in basic steel-making
and in steel recycling6.5 million workers for
steel consumers to 138,700 for steel producers.
Raising consuming industries costs will in-
crease prices for consumers of manufactured
goods and energy, including the Pentagon.
Major issue of national security? How
important is steel? Steel industry lobbyists
remind us often that it took 47,000 tons of
structural steel to build the aircraft carrier
USS George H.W. Bush. Steel armor and steel
guns are what makes a tank a formidable
weapon. Almost all weapons require steel, but
the reversethat much steel produced is used
for national securityis not true: The entire
defense and homeland-security realm con-
sumes only 3% of the U.S. steel industrys do-
mestic shipmentswhich totaled 86.5 million
tons in 2016. (Exports were 9.3 million tons and
imports were 30 million tons, according to the
U.S. International Trade Administration.)
Steel is one of the most important interme-
diate goods in the world, right up there with
oil as a constant national-security concern. But
as with oil, the worriers dismiss the fact that
steel is one of the worlds most widely pro-
duced commodities. U.S. defense industries
can buy it at home or abroad, at prices that
reflect international supply and demand.
Driving prices upwith 152 antidumping
and countervailing duties now in place on steel
and steel productsfortunately hasnt worked.
These efforts have had little practical effect,
and have not substantially alleviated the nega-
tive effect of global excess capacity on the
United States steel industry, according to a
recent Commerce Department fact sheet.
Daniel R. Pearson, a senior fellow at the
Cato Institute and a former chairman of the
U.S. International Trade Commission, reels
off more reasons that the Trump administra-
tion should renege on Trumps many promises
to protect steel.
31
Most steel for U.S. military applications
comes from U.S. mills or from mills in friendly
foreign countriesnot from China and Russia.
Basic steel production is a pittance in
the total U.S. economy, contributing $36 bil-
lion to U.S. gross domestic product, which is
0.2% of total GDP. But the economic value
than $1 trillion5.8% of GDP.
Trade wars are dangerous and probably
will harm other industries. Since the U.S. is a
minor exporter of steel, nations aggrieved by
our protectionist measures might resort to
attacks on globally competitive U.S. indus-
tries, such as agricultural products.
Import restrictions are always harmful to
the economic interests of the country that
imposes them, even when a particular group of
companies and workers receive higher profits,
better pay, and more jobs. There is a greater
cost in the lost opportunities to use capital and
labor in other industries with greater potential
for profit, wages, and employment.
Self-Defeating Policy
The steel industry and friendly U.S. adminis-
trations have dragged us down this road
before. In 2002, George W. Bush imposed tar-
iffs of up to 30% on most types of imported
steel, and it worked as we expected: A trade
group of steel-consuming industries reported
that their members cut 200,000 jobs.
Richard Nixon, Jimmy Carter, Ronald Rea-
gan, and George H.W. Bush also ignored what
little they knew about economics in favor of
satisfying their political needs.
Protecting steel and other industrial neces-
sities is supposed to solidify national defense.
But protectionism actually hardens the eco-
nomic arteries of commerce. Industries pro-
tected from world markets lack incentives for
excellence and leave the rest of the nation
deprived of innovation and efficiency.
As Catos Pearson concludes, Limiting
steel imports creates a genuine threat to
economic growth and prosperity. It is very
difficult to build a stronger national defense
when the economy is made weaker. 
Editorial page editor THOMAS G. DONLAN
receives e-mail at tg.donlan@barrons.com.
 32 BARRONS July 17, 2017

A Letter from
the CEO
Rudy Adolf, CEO, Focus Financial Partners
The leading partnership of independent, fiduciary
wealth management advisors

Dear Partners, Friends and Clients of Focus Financial Partners,
Last week marked a momentous event for Focus: we added our 50th
partner firm and finalized a significant investment in Focus by Stone
Point Capital and KKR.
This is not just a milestone for us it is an affirmation of the strength of
the independent fiduciary wealth management industry. It has become
clear that the winning model in wealth management is objective,
independent, fiduciary advice delivered by Registered Investment
Advisers (RIAs), a very distinct approach vs. traditional brokerages and
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
To accomplish this, we must ensure that our partners lead their firms as
empowered entrepreneurs, that we support them in a consultative way,
and that we remain a crucial source of capital for growth.
At the core of our mission is our belief that entrepreneurship and
boutique financial advisors under the fiduciary standard deliver better
outcomes for clients through closer relationships, nimbleness, and the
uncompromising ethics and personalization that only independent
businesses can provide. Our fifty independent partner firms in the U.S.,
U.K., Australia and Canada epitomize these principles.

banks. With this milestone we are even better equipped as an investor, industry
enabler and catalyst. Again, we thank our many supporters who have
Now is the moment to offer a heartfelt Thank You to the many people made this journey possible!
who believed in our vision: we are grateful for your insights, support and
trust!

It is also a time to reaffirm the principles that have made Focus journey
possible:
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Our mission is to be the best partner and investor for successful,

entrepreneurial RIAs and advisors who have decided to transition from
brokerage firms or banks.

Our duty is to help our partners serve their clients by preserving their Rudy Adolf
independence, providing them with access to best practices, and offering Founder and CEO
them the resources they need to be the best wealth stewards for their
clients.

To see a list of our partners and hear them speak about Focus, please visit: www.focusfinancialpartners.com/video

USA  646-795-2564
CANADA  647 724 4289
AUSTRALIA  03 8400 4095

 info@focuspartners.com focusfinancialpartners.com

Copyright 2017 Focus Financial Partners. ALL RIGHTS RESERVED

 July 17, 2017 BARRONS M1

July 10 through July 14, 2017

Index to Statistics 15

Yellens speech shows

that sometimes the We know the stock market had a
stock markets favorite strong first half, with the Standard &
animal is a dove.
Poors 500 index gaining 8.2%but less
well known is that mutual fund managers
cleaned up, too. Some 54% of large-cap
managers beat their benchmarks in the
first six months, the best showing in years,
according to Bank of America Merrill
Lynch. In fact, June marked the fourth
consecutive month in which more than
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

half of the managers outperformed, the

longest such streak since BofA began
tracking the data in 2009. The managers
did it by overweighting 2017s highflying
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

sectorstechnology, consumer discre-

tionary, and health care. Can they extend
the run in the second half?

The Trader Emerging Markets

Stocks Take Wing Payout Plums
Yellens signal of gradual Socit Gnrale picks
rate hikes helps Dow four attractive dividend-
to a record close. 3 paying stocks. 7

European Trader Current Yield

Adidas on Track Puerto Rico Plays
As profit margins The islands debt
expand, shares could restructuring creates
double from here. 6 opportunities. 9

Milton Glaser for Barrons

Asian Trader
Sailing Away
Hong Kongs storied
Our founder, Orient Overseas is sold
to mainlands Cosco. 7
Clarence Barron
Striking Price
Equity Ennui
How to prepare for
the stock markets
inevitable pullback. 11
 M2 BARRONS July 17, 2017

Charting the Market

A graphic look at selected stock activity for the week ended July 14, 2017 n Edited by Bill Alpert and David Schutt
NRG ENERGY YANDEX SNAP BARNES & NOBLE EDUCATION
NRG (NYSE) 23.24 7.00 25.0 YNDX (NASD) 31.62 5.37 33 SNAP (NYSE) 15.27 -1.91 18 BNED (NYSE) 7.76 -2.47 12.0
 The power company un- 22.5  Uber Technologies gave 31  Analysts at Morgan Stan- 17  The college-bookstore out- 10.5
veiled a Transformation 20.0 up competing with the Rus- 29 ley and Cowen slashed esti- 16 fit beat sales expectations in 9.0
Plan to cut annual expenses 17.5 sian search engine giant and 27 mates and ratings for the so- 15 its April quarter, but broke 7.5
by $1 billion, sell more than 15.0 will invest $225 million for a 25 cial-networking company, 14 even, instead of earning the 6.0
$2.5 billion of assets, and re- M T W T F minority stake in a ride-shar- M T W T F concerned about ad sales and M T W T F expected 14 cents a share. M T W T F

move $13 billion in debt. ing joint venture in Russia. competition from Facebook. Same-store sales will fall.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
24 33.0 30 14.5
21 29.5 24 13.0
18 26.0 18 11.5
15 22.5 12 10.0
12 19.0 6 8.5
9 15.5 0 7.0

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

122 36 366 6
61 18 183 3
0 0 0 0
J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J

RENT-A-CENTER CYBERARK SOFTWARE MICHAEL KORS HOLDINGS ARENA PHARMACEUTICALS

RCII (NASD) 12.45 1.14 14 CYBR (NASD) 42.68 -6.62 52 KORS (NYSE) 34.03 -2.01 36.5 ARNA (NASD) 24.28 5.03 28.0

 The rental chain received 13  The computer-network se- 49  MKM Partners launched 35.5  A Phase 2 study found 25.5
and rejected a buyout bid 12 curity firm expects to report 46 coverage of the luxury cloth- 34.5 the drug makers treatment 23.0
from private-equity firm 11 a shortfall in June quarter 43 ing and accessories maker 33.5 for high blood pressure in 20.5
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Vintage Capital Manage- 10 sales and earnings. It was 40 with a Sell rating and a $26 32.5 the lungs had a significantly 18.0
M T W T F M T W T F M T W T F M T W T F
ment that valued the stock recommended at the Bar- price target. Its skeptical positive effect. It also sold
at a 35% premium. rons mid-year roundtable. about sales and margins. stock at $24 a share.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
17 60 55 28.5
15 56 50 25.0
13 52 45 21.5
11 48 40 18.0
9 44 35 14.5
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

7 40 30 11.0

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

22 16 42 34
11 8 21 17
0 0 0 0
J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J

ABERCROMBIE & FITCH CLUBCORP HOLDINGS AMICUS THERAPEUTICS APPLIED OPTOELECTRONICS

ANF (NYSE) 8.89 -3.27 12 MYCC (NYSE) 17.10 4.00 17.4 FOLD (NASD) 12.84 2.40 14 AAOI (NASD) 84.20 16.90 88
 The retailer of trendy 11  Private-equity specialist 17.3  The FDA cleared the bio- 13  Citing lower manufactur- 82
teen clothes said it had 10 Apollo Global said it would 17.2 tech outfit to file a new drug 12 ing costs and more capacity, 76
ended talks about a sale and 9 buy the troubled owner of 17.1 application for its treatment 11 the maker of fiber-optic ac- 70
would go forward on its 8
golf courses and country 17.0
for Fabry disease, a rare ge- 10
cess network products said 64
own. Sales have fallen for M T W T F clubs for $1.1 billion, or M T W T F netic disorder with a wide M T W T F second-quarter earnings and M T W T F
four straight years. $17.12 a share. range of severe symptoms. revenue would top estimates.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
25.5 18.0 14 90
22.0 16.5 12 74
18.5 15.0 10 58
15.0 13.5 8 42
11.5 12.0 6 26
8.0 10.5 4 10

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

64 38 50 24
32 19 25 12
0 0 0 0
J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last weeks daily price activity in detail. The
dotted line on some graphs denotes the stocks 200-day moving average; lack of a moving average means the shares have traded for less than that time period.
 July 17, 2017 BARRONS M3

The Trader

Dovish Yellen Spurs Soaring Stock Market

by Vito J. Racanelli
U.S. STOCKS CLIMBED TO ANOTHER RECORD Dow Jones Industrials CLOSE 21637.74
PERCENTAGE CHANGE: 52-Wk +16.86 YTD +9.49 Wkly +1.04
close on Friday, driven by continued pros-
pects of low interest rates and by strong
20900
second-quarter corporate earnings reports,
particularly from the banks. 19975
The main force behind the rally was the
dovish performance by Federal Reserve 19050
Chair Janet Yellen in Congress on Wednesday and Thursday,
18125
when she reiterated that rate hikes would most likely be
gradual. On balance, her remarks were interpreted as 17200
evidence of continued accommodative monetary policy, and J A S O N D J F M A M J J
from there, stocks were off to the races. The ignition of the S&P 500 CLOSE 2459.27
rally can almost be time-stamped to her appearance. Before PERCENTAGE CHANGE: 52-Wk +13.76 YTD +9.85 Wkly +1.41
The ignition of the her speech, the market was down for the week.
rally can almost Investors were also heartened by a strong kickoff in the 2375
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

second-quarter earnings parade, as large banks such as

be time-stamped to JPMorgan Chase (ticker: JPM), Citibank (C), and Wells
2250
Fargo (WFC) all beat analyst earnings expectations. Never-
Yellens appearance theless, their stocks and those of the financial sector fell on
2125
in Congress. Friday, down 0.5%, both on weaker-than-anticipated mortgage-
business and trading outlooks and on profit-taking. Since the
2000
end of June 2016, the financial sector is the second-best per-
J A S O N D J F M A M J J
former, up 43% to techs 44% rise.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Last week, the Dow Jones Industrial Average rose 1%, or Nasdaq Composite CLOSE 6312.47
PERCENTAGE CHANGE: 52-Wk +25.51 YTD +17.26 Wkly +2.59
223 points, to 21,637.74, and the Standard & Poors 500 index
was up 1.4%, or 34 points, to 2459.27. Both were all-time highs.
The Nasdaq soared 2.6%, to 6312, its second-highest finish ever. 6000
A lot of the action in the back half of the week can be attri-
buted to the markets view that the probability of interest-rate 5600
hikes has lessened, says Thomas Lee, head of research at
Fundstrat Global Advisors. That sentiment was bolstered not 5200
just by Yellens stance in Congress, but also by economic data
out last week. On Friday, both Junes retail sales and the con- 4800
sumer price index were released, and economic weakness J A S O N D J F M A M J J
which supports lower rateswas evident, he says. Barrons 400 CLOSE 654.71
Any lingering view that the Fed might raise rates in Sep- PERCENTAGE CHANGE: 52-Wk +20.66 YTD +8.82 Wkly +1.01
tember is nearly gone, and December is now the earliest
point at which markets look for another hike. Rates that will 630
be lower for longer also played a part in the drop in financial
stocks last week, points out Steven Massocca, a managing 590
director at Wedbush Equity Management. It was a handy
excuse to take profits, he says. 550
While bank stocks didnt react well to quarterly reports,
says JJ Kinahan, chief strategist at TD Ameritrade, on bal-
510
ance, last weeks results were a good start to the earnings
J A S O N D J F M A M J J
season. Second-quarter earnings-per-share growth for the
Source: Barrons Statistics
S&P 500 is expected to be about 6% to 8%, depending on
which data source is cited. That isnt as good as the first
 M4 BARRONS July 17, 2017

quarters 15%, but much better than the
What nancing rate is your year-ago second-quarter EPS drop. For the
next few weeks, if the EPS growth material-
izes as investors expect, we will see higher
The market has rewarded sales growth
more than earnings growth, and revenue at
the hardware-focused Cisco has been stuck
around $49 billion.

broker charging you? highs, says Kent Engelke, managing direc-

tor at Capitol Securities Management.
Fundstrats Lee, whos more cautious
than bullish, says that in the absence of a
negative catalyst, fund flows are likely to go
to equities. The market seems impervious to
US Margin Loan Rates Comparison $300k the negatives that bears throw at it.
Undervalued Tech: Cisco
Interactive Brokers 2.32%1 The rally in technology stocks over the past
12 months has boosted the group about 40%.
Ofttimes during such powerful sectorwide
Schwab 6.82% emotional surges, momentum pushes inves-
tors to buyor sellstocks in the group first
Fidelity 6.82% and ask questions later. One stock that seems
overlooked is Cisco Systems (CSCO), and
one that appears overvalued is Verint Sys-
TD Ameritrade 7.50% tems (VRNT). More on the latter below.
Cisco, a global maker of hardware such as
network switching systems and routers, suf-
E*TRADE 7.75% fers because its seen as Old Tech. It wont
benefit, the thinking goes, as customer needs
move to cloud computing and software appli-
Scottrade 7.00% cations. Cisco stock is up just 5% over the
past 12 months, and is effectively flat since
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Its model is changing as it pushes into
more sales of software and products with re-
curring revenue. That will take time, but
Cisco should get a nice hardware-sales bump
from companies upgrading their software to
incorporate better security. When you up-
grade software, then the routers and switches
often have to be upgraded, too, says Brown.
Haverford Trust Co-Chief Investment Of-
ficer Timothy Hoyle also likes Ciscos transi-
tion to more software sales. His firm has
added shares of Cisco recently.
Investors are ignoring the stock, though
Cisco has increased earnings and its dividend
even as revenue has remained flat. Cisco is
significantly cheaper than peers, with an en-
terprise value (net debt plus market cap) of
nine times earnings before interest, taxes, de-
preciation, and amortization, or Ebitda. Ri-
vals trade at about 11 times.
Other companies once considered Old
Tech, such as Oracle (ORCL) and Microsoft
(MSFT), have been rerated higher. Cisco
could be, too, as it manages the transition to
more software and the hardware upgrade cy-

February 2015. cle kicks off.

Vanguard 6.00% For patient income investors, however,
Cisco, with its 3.7% dividend yield, could be
Competitor rm information is for margin loan rates obtained from their just the ticket for a healthy-double-digit an-
respective websites as of 7/10/17. nual return with relatively low downside over
Competitor rates and oers subject to change without notice.
the next 24 months.
It mightnt be a hot FAANG stock, says
Christopher Brown, chief investment strate-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Many are skeptical, but some support for
hardware gains comes from a recent Sanford
C. Bernstein survey of chief information and
technology officers from more than 100 U.S.
and European companies.
The survey reveals that networking re-
mains the top spending priority in 2017, even

gist at Pax World Management, but its future
looks brighter than the market would have
you believe. Pax has been buying Cisco shares
If you think our margin rates are low, recently. FAANG refers to Facebook (FB),
take a look at our commission rates. Apple (AAPL), Amazon.com (AMZN), Net-
flix (NFLX) and Google parent Alphabet
ibkr.com/seemore (GOOGL), whose shares have been soaring.
higher than software applications and storage
needs. Thats the first surprise. Cisco is also
one of the rare vendorsincluding Apple,
Amazon, and Microsoftthat the CIOs plan,
on balance, to spend more on in the future.
Bernstein analyst Pierre Ferragu, who
rates Cisco an Outperform, says its hard to

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DJ Industrials 21637.74 + 223.40 + 1.04 NYSE Advances 2,174 1,418

WE AUTOMATE TO SAVE YOU TIME AND MONEY DJ Transportation 9742.76 + 47.82 + 0.49 Declines 902 1,630
DJ Utilities 707.35 + 5.31 + 0.76 Unchanged 53 82
DJ 65 Stocks 7497.81 + 62.57 + 0.84 New Highs 323 229

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 July 17, 2017
reconcile the markets tepid view of Ciscos
future with the survey. He has a $38 target
price, compared to Fridays close of $31.42.
Even with a slow but steady transition,
the stock could reach the high $30s. And if
the volatile FAANG stocks were to drop
sharply, Cisco shares could be a beneficiary,
Brown adds.
Overvalued Tech: Verint
One stock riding the tech momentum but
looking overvalued is Verint Systems, with a
$2.5 billion market cap. It specializes in cus-
tomer engagement, cybersecurity, fraud, and
risk and compliance software and services
for some 10,000 customers in 180 countries
around the world. These can be employed on
premises, in the cloud, or some combination
of both.
Verints shares have risen nearly 30%
over the past 12 months, to Fridays close of
$40.55. Yet its weakening track record over
the past four years suggests that investor
enthusiasm is misplaced. Revenue growth
has dropped steadily, from 24% in fiscal 2015,
which ended Jan. 31, to an 8% decline in fis-
cal 2017. That doesnt sound like a tech com-
pany with sustainable growth.
The sales drop has happened even as the
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
company has spent some $765 million in that
period on three major acquisitions designed
to increase sales, notes David Trainer, presi-
dent of New Constructs, an independent ac-
counting research firm. Over the same pe-
riod, costs for research and development,
among other expenditures, have risen about
twice as fast as revenue.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Verints net results based on generally ac-
cepted accounting principles have fared even
worse, progressively deteriorating to a di-
luted loss of 47 cents per share in fiscal 2017,
which ended in January, from net income of
99 cents in fiscal 2014.
Therein lies the rub. Bulls say the stock is
cheap, at a relatively undemanding 15 times
non-GAAP estimates of $2.71 per share for
the current 2018 fiscal year. The Barrons beef
is the use of non-GAAP numbers, which artifi-
cially flatter Verints results. The GAAP EPS
estimate is just 16 cents in fiscal 2018, for an
expensive price/earnings ratio of 250 times.
The company and Wall Street prefer non-
GAAP measures. Expenses that Verint strips
out include stock-based compensation; acqui-
sition expenses; restructuring expenses;
amortization of acquired technology; and im-
pairment charges. For a company that has
been growing through acquisitions, these are
real costs of doing business, not extraordi-
nary expenses, Trainer adds.
The adjustments have created a wide dis-
parity between Verints GAAP and non-
GAAP results. For example, fiscal 2017 non-
GAAP EPS showed a profit of $2.51, versus
that GAAP diluted loss of 47 cents. Similarly,
BARRONS M5
Industry Action
Performance of DJ U.S. Ind, ranked by wkly % chg.*
The next chapter
Technology 3.79%
Basic Materials 2.45
in investing
Oil & Gas 2.35
Industrials 1.35
Consumer Services 0.97
Health Care 0.92
Utilities 0.73
Consumer Goods 0.69
Financials 0.08
0.84 Telecommunications
* For breakdown see page M36. Source: S&P Dow Jones Indices
non-GAAP EPS in fiscal 2016 was $3.04, Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
compared with GAAP earnings of 28 cents,
and in fiscal 2015 non-GAAP was $3.35, ver-
sus GAAP of 52 cents. An investor should consider investment objectives, risks, charges and expenses
The Melville, N.Y.based company did not carefully before investing. To obtain a prospectus, which contains this and other
respond to an emailed request for comment. information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the
The use of non-GAAP EPS cant hide prospectus carefully before investing.
Verints worsening performance, though the All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to
company has said the acquisitions would help sector risks and non-diversication risks, which generally results in greater price uctuations than the
overall stock market. Ordinary brokerage commissions apply.
Verint achieve scale and be accretive. While
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select
GAAP EPS fell, executives were awarded
Sector SPDR Trust.
some $65 million in stock compensation in
each of the past two fiscal years. Adding in-
sult to injury, that expense was then de-
ducted to improve non-GAAP results,
Trainer notes, and that hurts management
credibility.
Verint isnt alone among tech companies
in using non-GAAP numbers, but Trainer
says investors shouldnt rely on them. Nor is
it a startup: Verint was founded in 1994 and
went public in 2002.
WILL THE
Verints current valuation is priced to
perfection, adds Trainer. Its customer-
engagement business, which is about two
BULL MARKET REIGN?
thirds of sales, and its cyber intelligence
business, which is the other third, compete Prosper in a Pivotal Time
with the likes of Oracle, Microsoft, and
Salesforce.com (CRM).
To justify the current valuation, Trainer
says Verint would have to double its net oper-
ating profit after tax, or Nopat, margins to 6%
and grow Nopat at 19% per year for the next
12 years. (Nopat essentially strips out nonop-
erating gains and losses from results.) That
seems unlikely given its track record.
The caveat to our skeptical view is that
Verint might be bought by a firm that is, as From Trump and the Fed to earnings season and Brexit navigate a shifting
Trainer says, willing to ignore prudent economic landscape with the trusted insights and in-depth analysis that
stewardship of capital.
The profit decline since fiscal 2014 cant be have made Barrons a must-read on Wall Street since 1921.
ascribed to Verint not reaching scale, and
given how big Verint already is, its hard to
see how the company will raise results to meet JOIN NOW: WWW.BARRONS.COM/JOIN
the bullish expectations built into the stock
2017 Dow Jones & Co., Inc. All rights reserved. 2E5147
price. If it doesnt, expect the price to drop. 
 M6 BARRONS
European Trader
Adidas Could Double as Profit Margins Expand
by Victor Reklaitis
ADIDAS SHARES HAVE RUN UP BY NEARLY 40% IN THE PAST 12
months, to 180 euros ($205.21), stretching the sportswear gi-
ants jump since late 2014 to a threefold rise. The latest gain
was propelled in part by sales of the companys Superstar
tennis shoe, a white, shell-toed classic that ranked as the
best-selling sneaker last year in the U.S. market, knocking
Nike out of the spot it had held for more than a decade.
But the retro Adidas white-shoe craze has peaked, at
least according to retailer Foot Locker (ticker: FL), in
widely reported comments a few weeks ago. Given Adidas
(ADS.Germany) advance, it must be time for investors to
throw in the three-stripe towel, right?
Not so fast, say portfolio managers for European equities
While the Superstar at Hermes Investment Management, who have owned Adidas
sneaker has enhanced since 2009 and count it as their largest active weight rela-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
tive to their benchmark. Adidas shares still have significant
Adidas cool factor, upside, they argue, particularly if the company can make
good on its goal of achieving the lofty profit margins of rival
it is hardly the Nike (NKE). If they were to do that with their existing
companys only hit. structure, theres no reason why the shares couldnt more
than double, says Chi Chan, the London-based lead portfolio
manager for Hermes euro-zone strategy.
Matching Nikes U.S. profit margins, and scoring a twofold
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
advance in the share price, could happen within two years, ac-
cording to Chan. Adidas had a net profit margin of 5.5% in
the past 12 months, compared with Nikes 12.1%, according
to FactSet. Chan says he prefers to look at operating profit
margin, with Adidas at 7.7% in the past fiscal year, behind
Nikes 13.8%. That owes, in large part, to the German com-
panys far smaller U.S. market share; it is
European 11%, against nearly 50% for Nike.
Markets, While doubling the stock price wont be
page M27 easy, few analysts and investors foresaw Adi-
das huge surge in recent years, Chan notes.
If the stock were to double and maintain the current price/
earnings ratio, the company would have to earn 12.40 per
share in 2019, some 40% above the consensus forecast, he
says. This would seem a pretty tough ask, but boosting the
U.S. profit margin would go some way toward achieving
that, Chan says.
One key to lifting profit margins is an ongoing effort to
trim the fat. Chan praises CEO Kasper Rorsteds focus on
cost cuts and other efficiencies. Rorsted, who previously led
German adhesives maker Henkel, has a reputation as a
turnaround specialist.
A native of Denmark, Rorsted was named Adidas new
chief in January 2016, and took charge in October. Share-
holders cheered him from the get-go, with fund managers
July 17, 2017
at Germanys Union Investment saying they hoped it meant
an end to the long dry spell in Adidas profitability.
His background is in adhesivesa pretty different
worldbut he knows how organizations run, Chan says.
They very much want to drive out inefficiencies in the
whole value chain.
The attempt at streamlining included a May announce-
ment that Adidas is selling off TaylorMade and other golf-
equipment brands for $425 million as it focuses on shoes and
clothing, and its two main brandsits namesake and Reebok.
Adidas shares arent exactly a steal at 26.2 times for-
ward-four-quarter estimated earnings, versus Nikes 23.8
P/E. But theyre below Puma (PUM.Germany), at 35.7
times earnings, and investors are getting growth. Earnings
per share were up 9%, compounded annually, over the past
five years, and revenue compounded at 8% a year. Analysts
see earnings per share rising 24% this year, as revenue
climbs 13%. Footwear generated 58% of Adidas net sales in
this years first quarter, and apparel delivered 34%.
The athleisure trend has been another driver of Adidas
stock, which also trades in the U.S. via American depositary
receipts (ADDYY). Chan bats back suggestions that it is al-
ready priced in, and looks for a growing percentage of people
to don athletic-type clothing as everyday wear.
While the Superstar sneaker has enhanced Adidas cool
factor, it is hardly the companys only hit. Adidas Stan
Smith, a similarly iconic white shoe named for a U.S. tennis
star of the 1970s and 80s, has also been a hot seller. Chan
notes that the companys ZX sneaker line likewise is doing
well, as is the Yeezy line, created for Adidas by Kanye West.
Theyve got all these other things bubbling in the back-
ground, he says. There is kind of an overall halo effect
that is pulling the brand up.
Efforts to speed up manufacturing ought to pay off as
well, he says. Adidas plans to open a Speedfactory in At-
lanta later this year after opening its first in Germany, as
the company aims to launch products faster, make greater
use of 3-D printing, and allow for more customization.
Nearly 20% of production for Adidas and Nike shoes will
move to more automated factories by 2023, due to a buy
now/wear now shopping environment driven by the shift to
e-commerce, Morgan Stanley has forecast.
White shoes produced a lot of black ink for Adidas in
recent years. It looks like management has a good game
plan to keep it flowing. 
VICTOR REKLAITIS is a London-based markets writer for MarketWatch.
 July 17, 2017
Asian Trader
Trade Revives, Shippers Merge
by Daniel Shane
JUST AS CHINAS FLAGSHIP AIRCRAFT CARRIER ARRIVED IN HONG
Kongs Victoria Harbor last week for the first time, an even
larger vessel of private enterprise sailed off into the embrace
of the motherland.
Even the Liaoningthats the aircraft carriercant
compete with Orient Overseas (ticker: 316.Hong Kong) in
tonnage. Founded in 1969, the company runs close to 100
container ships and is synonymous with Hong Kongs status as a global trade
power. That status has been declining for a while, but could regain some momen-
tum with Orients $6.3 billion sale to Chinese-government-owned Cosco Shipping
Holdings (1919.Hong Kong). The deal will make Cosco, whose shares are up 50%
year to date, the worlds third-biggest container line. Its a sign of rejuvenation
in global shipping, which had been listing badly since the global financial crisis.
Analysts are split on which company will fare better from this deal. Cosco is
forking out a lot based on other recent megamergers. Frances CMA CGM
shelled out the equivalent of book value to get its hands on Singapores Neptune
Orient Lines a couple of years back. Cosco is paying some 1.4 times price-to-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
book for Orient, close to the stocks frothiest valuation over the past few years.
Some reckon the premium is justified, arguing that the beaten-down sector
is salvaging a recovery after years of consolidation and sinking earnings. Its
in Coscos favor to grab Orient at this early stage, Crucial Perspective analyst
Corrine Png tells Barrons. Its going to be a lot more expensive when the
entire container shipping sector rerates.
The container industry foundered after the financial crisis, when demand hit
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
rock bottom for companies that had ordered too many new ships. That scuttled
South Koreas Hanjin Shipping last year. But economic
recovery in the U.S. and Europe has given the sector Tables: Asian
new life. Cosco and Orient are now riding that recovery, Markets, page M27
with the combined group having the biggest share of Emerging Markets,
trans-Pacific trade and third-largest share in Europe- Barrons.com
Asia trade. Recent consolidation has also withered the
competition, giving freighters leeway to hike prices. The balance of power will
move toward the shipping lines from the ports and consumers, says Png. She
thinks that Cosco and Orient will soon become the worlds No. 2 container ship-
per, rivaling the largest, Denmarks A.P. Moeller-Maersk (AMKBY).
Like any big deal between Hong Kong and China, this one is overflowing
with political intrigue. Orients controlling shareholder is the pro-Beijing Tung
family, whose most prominent member is Tung Chee-hwa, Hong Kongs first
postcolonial leader. The deal also means another part of Hong Kongs legacy as
a gateway to China will sail away. The citys port is leaking business to others
on the mainland, which have the advantage of being closer to Chinas inland man-
ufacturing. They could just end up bypassing Hong Kong as a result, says Png.
Orient will remain listed in Hong Kong after the takeover, and Daiwa analyst
Kelvin Lau rates the shares a Buy. The stock has soared 120% year to date, but
he forecasts another 10% upside or so. Aside from riding a wave of positive senti-
ment due to the takeover, Lau thinks the stock should rise on improving shipping
rates over the next year. Jefferies Andrew Lee also says Cosco is a Buy, given
a recent recovery in the earnings. He sees another 15% or more upside. 
email: daniel.shane@barrons.com
BARRONS M7
Emerging Markets
Four Income Stock Picks
by Dimitra DeFotis
INVESTORS UNDERSTANDABLY ARE FEELING SOME ANXIETY
about how long the run in emerging market stocks will last.
The MSCI Emerging Markets index jumped again last week
after Federal Reserve Chair Janet Yellen told Congress that it
would be cautious and deliberate in raising rates. Having hit a
52-week high last week, the iShares MSCI Emerging Markets
exchange-traded fund (ticker: EEM) is up 23% this year.
The benchmark has become more expensive of late, with a price/earnings ra-
tio of nearly 13 times estimated 2017 earnings from a low of 10.5 in 2016. That
prompted us to explore income producers by tapping Socit Gnrales monthly
emerging markets quality income screen to look for winners. The firms screen
results have outperformed the FTSE World Emerging Index by roughly four
percentage points since 2002. Excluding financials, SocGen combs the index for
yields of at least 4% and plucks companies with low default risk and other mea-
sures of health.
Many of the 33 names on SocGens list trade locally, but we opted for four
companies whose shares trade as American depositary receipts. The yields men-
tioned here are forward estimates as of June 30. The stocks are:
Telefnica Brasil (VIV), a unit of the Spanish telecom giant, trades at 14
times estimated 2017 earnings with a yield above 6%. Shares are up 6% this year
as the company expands its digital and mobile offerings. The key to future perfor-
mance will be the timing and strength of Brazils recovery from a deep recession.
Advanced Semiconductor Engineering (ASK), which assembles and tests
semiconductors in Taiwan, looks reasonably priced at 14.6 times estimated earn-
ings, despite a rise of 29% for the year to date. Analysts expect earnings to
decline this year before recovering smartly in 2018. Its yield tops 4%.
Enel Generacin Chile (EOCC) produces electricity in Chile, Argentina,
Peru, and Colombia. Half of its generation comes from hydroelectric sources.
It is a unit of Italys Enel, a global utility operator; insiders control more than
60% of Enel Chile shares. The company plans to boost its dividend payout ratio
from 55% to 70% by 2020, and its P/E ratio of nearly 12 times is low.
Grupo Aeroportuario del Centro Norte (OMAB) operates 13 airports across
Mexico, including one at tourist destination Acapulco. The company benefits
from passenger growth, and traffic has grown from 11.5 million in 2009, a low
point this decade, to some 19 million today. But its a bit pricey at 22 times earn-
ings. A caution from SocGen: Investors should watch out for deteriorating stock
prices, profitability, and balance sheets, which could imperil the dividend. 
email: dimitra.defotis@barrons.com
High-Quality Income Stocks
Each of these stocks offers a dividend yield above 4%, trades as an American
depositary receipt, and has low default risk.
Name / ADR Industry Country P/E Yield
Telefnica Brasil / VIV Telecom Brazil 14.3 6.2%
Advanced Semiconductor
Engineering / ASX Semiconductors Taiwan 14.6 4.3
Enel Generacin Chile / EOCC Utilities Chile 11.8 4.7
Grupo Aeroportuario del
Centro Norte / OMAB Airports Mexico 21.9 4.0
Sources: Socit Gnrale; FactSet
 M8 BARRONS July 17, 2017

Winners and Losers

NYSE BIGGEST % MOVERS NYSE MOST ACTIVE NYSE MKT MOST ACTIVE NASDAQ MOST ACTIVE
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
HalconRscs(HK) 48272 6.78 +2.58 +61.4 ManchesterUnited(MANU) 2548 1344.4 16.60 +0.55 GEE Group(JOB) 148 180.3 5.42 +0.07 ArenaPharm(ARNA) 32601 1525.9 24.28 +5.03
NRG Energy(NRG) 120348 23.24 +7.00 +43.1 ClubCorp(MYCC) 37358 921.7 17.10 +4.00 inTEST(INTT) 1221 175.6 7.26 +0.51 ShilohIndustries(SHLO) 6716 1329.3 8.31 3.92
ClubCorp(MYCC) 37358 17.10 +4.00 +30.5 MauiLand(MLP) 2998 708.7 20.05 2.95 Electromed(ELMD) 319 135.2 5.99 +0.58 HawaiianTelcom(HCOM) 727 647.1 28.73 +4.29
HertzGlobal(HTZ) 59037 15.22 +3.54 +30.3 NamTaiProperty(NTP) 1270 500.1 10.00 +2.00 BancorpNJ(BKJ) 58 67.0 16.65 +0.59 ID Systems(IDSY) 523 540.4 6.16 0.34
NavigatorHldgs(NVGS) 4524 10.75 +2.20 +25.7 NRG Energy(NRG) 120348 394.2 23.24 +7.00 BritishAmTob(BTI) 11990 33.7 69.28 +1.92 FrequencyElec(FEIM) 464 473.6 8.85 0.64
NamTaiProperty(NTP) 1270 10.00 +2.00 +25.0 Neff(NEFF) 2182 377.2 20.80 +1.75 GasNatural(EGAS) 138 25.3 12.93 +0.03 OcularTherapeutix(OCUL) 26174 415.7 6.33 0.79
ChinaRapidFin(XRF) 524 7.15 +1.22 +20.6 Barnes&NobleEduc(BNED) 4556 364.3 7.76 2.47 Chase(CCF) 142 16.6 108.85 +3.20 ZionOil&Gas(ZN) 21393 385.2 3.99 1.89
GencoShipping(GNK) 520 10.91 +1.85 +20.4 CoreLabs(CLB) 12462 341.6 106.34 +3.66 Myomo(MYO) 3135 16.2 11.72 +1.91 AlderBioPharm(ALDR) 26782 357.9 11.65 0.20
MSC Industrial(MSM) 13098 337.2 73.66 15.38 NorsatIntl(NSAT) 192 14.6 11.45 +0.07 LakelandInd(LAKE) 1017 356.4 15.60 +0.35
Losers Abercrombie&Fitch(ANF) 63945 285.7 8.89 3.27 TherapeuticsMD(TXMD) 16641 2.7 5.63 +0.62 CyberArkSoftware(CYBR) 14300 325.4 42.68 6.62
Name (Sym) Volume Close Change %Chg. AmericanRenal(ARA) 1761 262.9 18.76 +1.37 SRC Energy(SRCI) 13757 2.7 7.25 +0.44 QIWI(QIWI) 10593 323.8 22.72 1.24
Abercrombie&Fitch(ANF) 63945 8.89 3.27 26.9 Sparton(SPA) 2262 249.0 23.07 0.04 CRH Medical(CRHM) 901 -1.1 3.80 1.65 GilatSatellite(GILT) 449 320.4 5.53 +0.13
Barnes&NobleEduc(BNED) 4556 7.76 2.47 24.1 A10Networks(ATEN) 7098 247.3 6.92 1.17 EnviroStar(EVI) 173 -5.6 24.40 +0.10 EigerBioPharma(EIGR) 1171 312.1 9.25 +1.55
Kadmon(KDMN) 2100 3.14 0.66 17.4 AAR(AIR) 2425 229.3 37.61 +2.15 ImperialOil(IMO) 1274 -9.8 29.20 +1.11 AmicusTherap(FOLD) 48912 278.3 12.84 +2.40
MSC Industrial(MSM) 13098 73.66 15.38 17.3 CincinnatiBell(CBB) 4742 224.5 17.35 2.00 EvansBancorp(EVBN) 66 -11.6 42.00 +0.45 Digimarc(DMRC) 1341 267.6 32.65 +1.55
Hovnanian(HOV) 12586 2.45 0.43 14.9 NavigatorHldgs(NVGS) 4524 205.8 10.75 +2.20 EvolutionPetrol(EPM) 505 -11.8 7.95 0.25 NabrivaTherap(NBRV) 193 248.7 10.52 +0.02
A10Networks(ATEN) 7098 6.92 1.17 14.5 FB Financial(FBK) 753 186.0 34.76 1.58 GlobalSCAPE(GSB) 204 -13.5 5.44 +0.14 VOXX Intl(VOXX) 3110 241.3 6.40 2.35
Willbros(WG) 1322 2.16 0.32 12.9 Constellium(CSTM) 11261 185.9 8.25 +0.95 DeltaApparel(DLA) 91 -14.3 21.02 0.60 Yandex(YNDX) 35504 212.3 31.62 +5.37
MauiLand(MLP) 2998 20.05 2.95 12.8 BarracudaNtwks(CUDA) 8103 146.3 22.70 1.15 MastechDigital(MHH) 111 -14.3 7.70 +1.10 TowerSemi(TSEM) 8684 201.0 26.27 +2.01
AstraZeneca(AZN) 47894 145.7 33.87 +0.12 NatlHealthcare(NHC) 123 -14.6 68.38 0.31 SolarEdgeTech(SEDG) 10797 190.1 21.85 +0.95
NYSE MKT BIGGEST % MOVERS
By Share Volume By Share Volume By Share Volume
Winners
Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg.
BankofAmerica(BAC) 338340 24.21 0.62 2.5 Pareteum(TEUM) 27393 1.38 +0.80+137.9 NVIDIA(NVDA) 129056 164.95 +18.19 +12.4
Myomo(MYO) 3135 11.72 +1.91 +19.5
GeneralElec(GE) 187174 26.78 +0.63 +2.4 NewGold(NGD) 25352 2.97 +0.15 +5.3 MicronTech(MU) 124773 31.79 +1.59 +5.3
MastechDigital(MHH) 111 7.70 +1.10 +16.7
RiteAid(RAD) 169484 2.33 0.04 1.7 NorthernDynasty(NAK) 22635 1.49 +0.23 +18.3 Apple(AAPL) 110057 149.04 +4.86 +3.4
AmericasSilver(USAS) 128 2.99 +0.39 +15.0
FordMotor(F) 146345 11.68 +0.42 +3.7 B2Gold(BTG) 19512 2.71 +0.09 +3.4 Intel(INTC) 109674 34.68 +0.80 +2.4
AeroCentury(ACY) 141 14.70 +1.80 +14.0
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Vale(VALE) 144518 9.25 +0.48 +5.5 YumaEnergy(YUMA) 18818 2.15 +1.38+179.2 Microsoft(MSFT) 95172 72.78 +3.32 +4.8
AlphaProTech(APT) 296 3.40 +0.40 +13.3
ChesapeakeEner(CHK) 125831 4.87 +0.33 +7.3 Globalstar(GSAT) 18489 2.15 +0.13 +6.4 SiriusXM(SIRI) 83887 5.48 +0.11 +2.0
TherapeuticsMD(TXMD) 16641 5.63 +0.62 +12.4
Ambev(ABEV) 122228 5.85 +0.40 +7.3 CamberEnergy(CEI) 17871 0.31 +0.06 +26.4 Comcast A(CMCSA) 82295 39.20 +0.63 +1.6
AlioGold(ALO) 748 4.37 +0.43 +10.9
NRG Energy(NRG) 120348 23.24 +7.00 +43.1 TherapeuticsMD(TXMD) 16641 5.63 +0.62 +12.4 Facebook(FB) 78354 159.97 +8.53 +5.6
Electromed(ELMD) 319 5.99 +0.58 +10.7
ENSCO(ESV) 116077 5.18 +0.41 +8.6 SRC Energy(SRCI) 13757 7.25 +0.44 +6.5 CiscoSystems(CSCO) 75779 31.42 +0.52 +1.7
Losers AT&T(T) 114593 36.30 0.68 1.8 XtantMedical(XTNT) 12929 0.76 +0.14 +22.6 PayPal(PYPL) 63321 57.16 +3.19 +5.9
Name (Sym) Volume Close Change %Chg. WeatherfordIntl(WFT) 111727 4.19 +0.66 +18.7 BritishAmTob(BTI) 11990 69.28 +1.92 +2.9 Staples(SPLS) 56266 10.09 +0.01 +0.0
Snap(SNAP) 106217 15.27 1.91 11.1 SandstormGold(SAND) 10492 4.16 +0.32 +8.3 AVEO Pharma(AVEO) 53267 2.66 0.13 4.7
Reed's(REED) 937 1.65 0.90 35.3
WhitingPetrol(WLL) 100903 5.14 +0.16 +3.2 NovaGoldRscs(NG) 10477 4.56 +0.17 +3.9 eBay(EBAY) 51906 37.08 +2.85 +8.3
CRH Medical(CRHM) 901 3.80 1.65 30.3
PetroleoBrasil(PBR) 99978 8.54 +0.80 +10.3 ComstockMining(LODE) 9635 0.17 0.00 0.3 AppliedMaterials(AMAT) 50938 46.12 +2.58 +5.9
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

TakungArt(TKAT) 34 3.80 0.80 17.4

Freeport-McMoRan(FCX) 96124 12.60 +0.70 +5.9 Hemispherx(HEB) 9051 0.48 0.04 7.6 Tesla(TSLA) 49905 327.78 +14.56 +4.6
UnvlSecInstr(UUU) 90 2.50 0.30 10.7
Twitter(TWTR) 94896 19.64 +1.62 +9.0 AsankoGold(AKG) 8895 1.58 +0.06 +3.9 21stCenturyFoxA(FOXA) 49186 27.74 0.16 0.6
Intellicheck(IDN) 294 3.51 0.33 8.6
AK Steel(AKS) 87545 6.50 +0.55 +9.2 UraniumEner(UEC) 7898 1.69 +0.08 +5.0 AmicusTherap(FOLD) 48912 12.84 +2.40 +23.0
SupremeIndustries(STS) 348 15.99 1.12 6.5
Citigroup(C) 86848 66.72 1.19 1.8 GoldenStarRscs(GSS) 7872 0.66 +0.05 +7.8 HuntingtonBcshs(HBAN) 44544 13.79 +0.10 +0.7
CCA Industries(CAW) 9 3.10 0.20 6.1
US Steel(X) 84825 23.21 +1.76 +8.2 KlondexMines(KLDX) 7252 3.31 +0.11 +3.4 Fastenal(FAST) 39075 42.88 1.01 2.3
OncoCyte(OCX) 108 4.75 0.30 5.9
Cemex(CX) 81959 10.26 +0.40 +4.1 GastarExploration(GST) 6810 0.94 +0.04 +4.8 WholeFoods(WFM) 38613 42.10 +0.10 +0.2
NASDAQ BIGGEST % MOVERS
By Dollar Volume By Dollar Volume By Dollar Volume
Winners Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg. BankofAmerica(BAC) 9800880 24.21 0.62 2.5 BritishAmTob(BTI) 609192 69.28 +1.92 +2.9 NVIDIA(NVDA) 21980871 164.95 +18.19 +12.4
ArenaPharm(ARNA) 32601 24.28 +5.03 +26.1 Alibaba(BABA) 9063235 151.83 +9.40 +6.6 CheniereEnergy(LNG) 308073 48.10 +0.86 +1.8 Apple(AAPL) 16368377 149.04 +4.86 +3.4
PernixTherap(PTX) 1306 4.82 +0.97 +25.2 JPMorganChase(JPM) 7909823 92.25 1.60 1.7 StraightPath(STRP) 162380 179.39 0.61 0.3 Tesla(TSLA) 14639581 327.78 +14.56 +4.6
AppliedOptoelec(AAOI) 23526 84.20 +16.90 +25.1 Citigroup(C) 6600905 66.72 1.19 1.8 SRC Energy(SRCI) 107671 7.25 +0.44 +6.5 Facebook(FB) 12718972 159.97 +8.53 +5.6
GemphireTherap(GEMP) 707 16.31 +3.26 +25.0 GeneralElec(GE) 4889015 26.78 +0.63 +2.4 TherapeuticsMD(TXMD) 94634 5.63 +0.62 +12.4 Amazon.com(AMZN) 119140851001.81 +23.05 +2.4
Trevena(TRVN) 3817 2.78 +0.52 +23.0 WellsFargo(WFC) 4377934 54.99 0.75 1.3 NewGold(NGD) 83423 2.97 +0.15 +5.3 Microsoft(MSFT) 7943166 72.78 +3.32 +4.8
AmicusTherap(FOLD) 48912 12.84 +2.40 +23.0 AT&T(T) 4313787 36.30 0.68 1.8 B2Gold(BTG) 58603 2.71 +0.09 +3.4 Alphabet A(GOOGL) 5183578 976.91 +36.10 +3.8
Yandex(YNDX) 35504 31.62 +5.37 +20.5 Wal-Mart(WMT) 3590671 76.34 +1.01 +1.3 NovaGoldRscs(NG) 55423 4.56 +0.17 +3.9 Netflix(NFLX) 4771697 161.12 +10.94 +7.3
EigerBioPharma(EIGR) 1171 9.25 +1.55 +20.1 GoldmanSachs(GS) 3471967 228.60 +3.32 +1.5 SandstormGold(SAND) 49836 4.16 +0.32 +8.3 Alphabet C(GOOG) 4605336 955.99 +37.40 +4.1
Visa(V) 3309924 96.93 +3.01 +3.2 YumaEnergy(YUMA) 45959 2.15 +1.38+179.2 Costco(COST) 4537810 153.00 1.11 0.7
Losers ExxonMobil(XOM) 3184812 81.28 +1.06 +1.3 Globalstar(GSAT) 41910 2.15 +0.13 +6.4 MicronTech(MU) 4323863 31.79 +1.59 +5.3
Name (Sym) Volume Close Change %Chg. HomeDepot(HD) 3141209 152.88 +0.65 +0.4 Pareteum(TEUM) 38875 1.38 +0.80+137.9 PayPal(PYPL) 3665991 57.16 +3.19 +5.9
ZionOil&Gas(ZN) 21393 3.99 1.89 32.1 Oracle(ORCL) 3012190 50.56 +1.21 +2.5 Myomo(MYO) 36607 11.72 +1.91 +19.5 Comcast A(CMCSA) 3634374 39.20 +0.63 +1.6
ShilohIndustries(SHLO) 6716 8.31 3.92 32.1 Boeing(BA) 2908452 208.51 +6.14 +3.0 ImperialOil(IMO) 35613 29.20 +1.11 +4.0 Intel(INTC) 3582437 34.68 +0.80 +2.4
VOXX Intl(VOXX) 3110 6.40 2.35 26.9 DeltaAir(DAL) 2850315 55.13 0.33 0.6 NorthernDynasty(NAK) 35106 1.49 +0.23 +18.3 CiscoSystems(CSCO) 2549923 31.42 +0.52 +1.7
ApolloEnd(APEN) 72 6.05 1.32 17.9 Verizon(VZ) 2827195 43.56 +0.08 +0.2 MAG Silver(MAG) 28668 13.17 +0.80 +6.5 WalgreensBoots(WBA) 2498087 78.91 +1.44 +1.9
NumereX(NMRX) 211 4.04 0.81 16.7 J&J(JNJ) 2805870 132.60 +0.06 +0.0 CheniereEnerPtrs(CQP) 28132 31.76 +0.20 +0.6 AppliedMaterials(AMAT) 2452655 46.12 +2.58 +5.9
Misonix(MSON) 72 7.95 1.50 15.9 BerkHathwy B(BRK/B) 2579439 169.47 1.67 1.0 KlondexMines(KLDX) 27405 3.31 +0.11 +3.4 Priceline(PCLN) 22112951950.87 +32.37 +1.7
RevanceTherap(RVNC) 953 23.45 3.85 14.1 NRG Energy(NRG) 2526656 23.24 +7.00 +43.1 RingEnergy(REI) 21954 13.03 +0.11 +0.9 Broadcom(AVGO) 2204547 250.29 +10.67 +4.5
LonestarRscs(LONE) 453 3.57 0.58 14.0 UnitedHealth(UNH) 2496767 186.90 1.06 0.6 GranTierraEner(GTE) 18627 2.24 +0.09 +4.2 GileadSciences(GILD) 2175306 70.57 +1.32 +1.9

Includes Common shares only. All figures reflect activity for the most-recent five-day trading week. Share volume figures are expressed in thousands. Volume percentage leaders exclude stocks with average daily volume of fewer
than 5,000 shares or priced under $5. Average volume is based on 65 trading days. Volume figures do not reflect extended trading hours and include only issues whose price has changed 5% or more with a previous closing price of
$2 or higher. a-Stock has not been in existence or not been traded for 65 consecutive sessions. S-Stock split or stock dividend amounting to 10% or more. X-Ex-dividend
 July 17, 2017 BARRONS M9

Current
Bond Markets
Yield

Puerto Ricos New Opportunities Bond Center

GLOBAL SHORT-TERM RATES GLOBAL LONG-TERM RATES
$ Euro Yen 10-Yr. U.S. U.K Gilts German
by Amey Stone T-Note Bunds
1.9% 3%
PUERTO RICO ENTERED ITS Advisors believes that investing in insured
own form of bankruptcy in Puerto Rico paper can be a good opportu- 1.5
early May, and the finan- nity, even though he qualifies that it should
1.1 2
cial crisis there is still probably be done with professional help.
getting worse. But even Mark Taylor, portfolio co-manager of the 0.7
as the restructuring pro- Alpine High Yield Managed Duration
0.3 1
cess devolves into more Municipal fund, has recently added to his
lawsuits, defaults, and downgrades, some funds stake in insured Puerto Rico munis, -0.1
ripple effects are creating surprising oppor- raising his allocation to 6% from about 5%. -0.5 0
tunities for investors. He wont touch uninsured Puerto Rico paper, Feb Mar Apr May Jun Jul Feb Mar Apr May Jun Jul

Consider whats going on with MBIA and he keeps maturities to within five years.
(ticker: MBI), the parent of bond insurer For example, he owns some general-obliga-
National, which insures about $4 billion in tion bonds maturing in 2020 that now yield U.S. TREASURY YIELD CURVE U.S. Credit - Libor Rate
par value of Puerto Rico bonds. (Thats about 3%, equivalent to a 5% taxable yield for 7/15/2016 6/16/2017 7/14/2017 Corporate High Yield Munis Libor
$8.5 billion in total debt exposure, including investors in a high tax bracket. 3.0% 2.1 7%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

all scheduled interest payments and princi- Taylor was surprised by MBIAs down-
2 6
pal.) MBIAs business plans were torpedoed grade, which he calls draconian. He
by a two-notch rating downgrade by S&P believes the firm has adequate reserves for 1.9 5
2.0
2 yr = 1.355 Libor = 1.74
Global Ratings in late June. The firm laid off at least the next several years. Plus, if 1.8 4
employees and said it would give up trying MBIA is sold, the bonds it insures would 1.7 3
to write new business, as bond insurers have climb in price, he says. 1.0
1.6 2
to be rated higher than municipalities for the 10 yr = 2.319
insurance to add any value. Other muni-fund managers are avoid- 30 yr = 2.910
1.5 1
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Yet, MBIAs shares have been rising ever ing Puerto Rico bonds altogether. I think 3M 6M 2Y 5Y 10Y 30Y 0.0 1.4
Feb Mar Apr May Jun Jul 0
since. On Tuesday, management told inves- the ultimate outcomes will be significantly Source: Barrons Statistics / Tullett Prebon
tors to expect shareholder-friendly moves, worse than where the bonds are trading
such as more stock buybacks and perhaps a now, says Nicholos Venditti of Thornburg Week's Most Active
special dividendeven as it had to increase Investment Management. While Puerto INVESTMENT GRADE
Issuer Name Symbol Coupon Maturity Est Vol** High Low Last Change Yield
accounting for losses related to Puerto Rico. Ricos GO bonds are trading at about
Enbridge Inc ENBCN 5.500 Jul 15, 2077 675,443 100.730 99.600 100.250 n.a. 5.467
Executives say the firm, which has the abil- 60 cents on the dollar, he believes they could Santander Holdings Usa Inc SOV 4.400 Jul 13, 2027 367,299 101.436 99.896 101.436 n.a. 4.219
ity to pay claims equal to $4.6 billion, is now ultimately be worth as little as 25 cents. And Intesa Sanpaolo Spa ISPIM 3.875 Jul 14, 2027 348,306 100.461 99.737 100.090 n.a. 3.864
unshackled from most of the limitations if Assured, which has higher reserves than Anheuser-Busch Inbev Finance Inc ABIBB 4.900 Feb 01, 2046 323,863 113.082 111.771 112.321 0.139 4.152
Oneok Inc OKE 4.950 Jul 13, 2047 275,734 99.891 98.342 99.180 n.a. 5.003
imposed by the rating agencies, by not MBIA does, has to pay out large amounts in Teva Pharmaceutical Finance Netherlands Iii BvTEVA 3.150 Oct 01, 2026 274,290 95.822 95.044 95.209 -0.082 3.771
writing new business. The stock has risen to claims, it could get downgraded. Verizon Communications Inc VZ 5.250 Mar 16, 2037 267,694 106.724 105.404 105.810 -0.689 4.790
$10 from $8 in the past two months. These entities live and die by their
HIGH YIELD
Investors expect MBIA to be acquired credit ratings, Venditti says. Yet if bond
Halcon Resources Corp HKUS 6.750 Feb 15, 2025 578,669 103.563 88.750 103.250 15.250 6.053
by fellow bond insurer Assured Guaranty insurers get through Puerto Ricos restruc- Frontier Communications Corp FTR 10.500 Sep 15, 2022 421,172 94.375 91.375 92.400 -1.590 12.536
(AGO). Deal speculation has fueled the turing, pay all their claims, and dont get Frontier Communications Corp FTR 11.000 Sep 15, 2025 262,873 92.000 87.438 89.375 -1.625 13.155
gains. CreditSights analyst Josh Esterov downgraded, they could have a great sales Genon Energy Inc GENONE 7.875 Jun 15, 2017 223,222 64.750 61.000 n.a. n.a. n.a.
Nrg Energy Inc NRG 6.625 Jan 15, 2027 206,931 104.500 100.000 103.750 3.875 5.961
thinks it will be challenging for the two pitch to boost their business, he notes. Clubcorp Club Operations Inc MYCC 8.250 Dec 15, 2023 204,307 112.250 111.173 111.500 2.900 4.067
companies to reach a deal, but calls the logic Puerto Ricos road to restructuring is Intelsat Jackson Holdings Sa INTEL 9.750 Jul 15, 2025 170,726 102.000 99.750 101.500 1.625 9.413
behind it sound. Whether or not MBIA is going worse than expected for creditors so
bought, MKM Partners analyst Harry Fong far. The judge is the one picking winners CONVERTIBLE
Synaptics Inc SYNA 0.500 Jun 15, 2022 134,404 105.026 101.594 105.026 3.443 -0.510
rates it a Buy. He called the stock an excel- and losers, and that isnt a good place to Tesla Inc TSLA 2.375 Mar 15, 2022 109,483 119.137 114.315 118.632 4.244 -1.476
lent short- and long-term investment oppor- be, says Taylor. But for owners of insured Ensco Jersey Finance Ltd ESV 3.000 Jan 31, 2024 100,124 78.218 74.000 78.092 2.467 7.273
tunity in a note last week. Puerto Rico bondsand even shareholders Liberty Media Corp FWONA 1.375 Oct 15, 2023 99,702 118.300 116.070 118.300 1.794 -1.420

Such special situations arent normally of beleaguered MBIAthings may turn out Hubspot Inc HUBS 0.250 Jun 01, 2022 95,508 102.012 98.329 102.012 4.937 -0.162
Dish Network Corp DISH 3.375 Aug 15, 2026 93,581 126.220 123.250 126.184 2.666 0.429
the purview of municipal-bond investors. just fine.  Intel INTC 2.950 Dec 15, 2035 91,933 132.750 128.838 132.750 1.407 1.009
But the bonds insured by MBIA and * Denotes a security whose last round lot trade did not take place on the last business day prior to publication. **(000).
Assured may be. Richard Daskin of RSD email: amey.stone@barrons.com Source: MarketAxess Corporate BondTicker
 M10 BARRONS July 17, 2017

Research Reports
How Analysts Size Up Companies Edited by Paul Farrell

These reports, excerpted and edited by Barrons, were issued recently by investment and acceptance lead diminishes over time, 1) Regal matching or outperforming the
increased competition could negatively im- industrys per screen growth for three
research firms. The reports are a sampling of analysts thinking; they should not be considered pact volume growth. But for now, its large consecutive quarters; 2) two recent small
the views or recommendations of Barrons. Many of the reports may be obtained through (and growing) acceptance lead should keep acquisitions for 134 screens; 3) a 2017/18
Thomson Reuters at thomson.com/financial. Some of the reports issuers have provided, it ahead of e-commerce growth in general. estimated theater-level Ebitda valuation of
or hope to provide, investment-banking or other services to the companies being analyzed. We therefore maintain both our Equal 7.7 times/7.2 times, respectively, which is
Weight rating and $49 price target. toward the lower half of the groups histori-
cal trading range (6.5 times to 9.5 times);
Facebook FB-Nasdaq itive thesis on PepsiCo but still approach Regal Entertainment Group and 4) an attractive 4.5% dividend yield.
Overweight Price $155.27 on July 11 the back half of the year with caution, as RGC-NYSE We remain concerned about the poten-
by Barclays there isnt much room for error in achieving Neutral Price $19.82 on July 11 tial for additional block sales from lead in-
our above-guidance earnings, given the by MKM Partners vestor Philip Anschutz, and a lack of inter-
Second-quarter earnings are due after strong beverage comp in the third quarter. national diversity, which we believe limits
the close on July 26. We see modest up- We raise our EPS estimates by a penny in Regal shares are getting more attractive, audience potential. Given our lowered out-
side to consensus revenue and earnings- fiscal 2017, 18, and 19. We also increase our but we are not yet ready to pull the trigger. look, we cut our fair value estimate to $22
per-share calls, and would add to positions target price from $124 to $126. Based on the stocks recent pullback and a from $25, which is based on theater-level
in Facebook shares up until the print. reduced second-quarter forecast, we are Ebitda multiples for this year and next of
The company is transitioning its core Intel INTC-Nasdaq taking a more constructive view, featuring: 8.5 times and eight times, respectively.
franchise to accommodate more video con- Long-Term Buy Price $33.92 on July 17
tent, which has positive implications for by Hilliard Lyons INSIDER TRANSACTIONS: Recent Filings
user engagement and revenue numbers, but Purchases Sales
also comes with added costs. Stepping back Initiating coverage, we think the global $ Val $ Val
Company /Symbol Insiders Shares (000's) Company /Symbol Insiders Shares (000's)
from the print, the next major catalyst for semiconductor maker has an industry-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

the shares will probably come from mone- leading position in several mature markets, Aileron Therapeutics ALRN 4 782,639 9,634 Workday WDAY 1 359,484 35,012
Liberty Global LILA 1 324,934 7,463 Prudential Financial PRU 1 201,585 22,174
tizing its messaging apps, which appeared due to its scale and manufacturing prow- Dova Pharmaceuticals DOVA 6 283,200 6,328 Icu Medical ICUI 2 123,772 21,122
to be kicking off with Messenger Inbox ess. We also think new growth markets will Tintri TNTR 1 597,858 4,185 Servicenow NOW 1 150,000 15,614
Medley Capital MCC 2 420,314 2,677 Nvidia NVDA 1 100,000 15,029
globally (in beta) yesterday. Instagrams in- expand its total addressable market in the
Analog Devices ADI 1 14,000 1,096 Beigene BGNE 1 219,400 14,221
troduction of ads in mid-2015 was helpful in next five to 10 years, given its strategic Byline Bancorp BY 6 40,250 765 Nike NKE 1 200,000 11,525
driving ad revenue growth, so we view this shift toward data-center technologies and International Speedway ISCA 1 20,000 694 Wayfair W 2 154,605 11,500
Greif GEFB 1 10,189 636 Healthequity HQY 1 210,398 10,575
similar move as very bullish for Facebook. away from a PC-centric focus. We also Mercer International MERC 1 44,474 497 Oracle ORCL 1 206,250 10,261
Our Overweight rating is unchanged; have positive views of its dividend-growth, Dollar Tree DLTR 1 5,000 331 Facebook FB 3 55,414 8,481
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

our $168 price target is raised from $160. share-buyback, and mergers-and-acquisi- Azz AZZ 2 6,500 322 Albemarle ALB 2 75,000 8,257
Idt IDT 1 20,000 286 Novocure NVCR 1 434,497 7,862
tions strategies. Immune Design IMDZ 1 20,000 183 Moody'sMCO 1 61,666 7,599
PepsiCo PEP-NYSE Based on our fiscal-2018 price target of First Financial Bancorp FFBC 12 2,606 73 MonsantoMON 2 63,710 7,522
Outperform Price $114.27 on July 10 $41, Intel shares should trade at 14 times Century Bancorp CNBKA 3 1,141 73 Splunk SPLK 1 120,000 7,053
Calavo Growers CVGW 1 1,000 68 Tyler Technologies TYL 1 36,000 6,155
by Credit Suisse our fiscal 2018 forward EPS estimate of Alico ALCO 1 1,972 60 Principal Financial PFG 2 91,316 5,901
$2.96. The shares have traded at a de- Calumet Specialty Products Partners CLMT 1 12,600 52 Irhythm Technologies IRTC 2 135,086 5,683
Destination Xl Group DXLG 1 25,000 51 Constellation Brands STZ 2 28,767 5,569
PepsiCos second-quarter results were in pressed valuation versus the PHLX Semi-
line with consensus and consistent with conductor Sector Index, due to slower end- An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any trade to
the SEC within two business days. The tables highlight companies that filed with the SEC through last Wednesday. The tables do not include
managements plan, although investors market growth. Our current belief is that pension-plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or trades under 100
were somewhat disappointed by the softer Intel has entered new end markets that shares. The "Purchases" column includes only open-market and private purchases; the "Sales" column includes only open-market and private sales,
and excludes trades preceded by option exercise in the 12 months prior to the reported event.
volume environment. Frito-Lay delivered represent significant growth potential. * Indicates a filing that is over three days late. An L in the % Change in Holding column signifies a move of less than 1%. The % Change column
reflects only the holdings of the insider indicated in the table, not the entire company. Source: Thomson Reuters
the majority of the growth, and the North While capital outlays will remain elevated,
America beverages business was softer we believe profitability will improve. INSIDER TRANSACTIONS RATIO
than expected. EPS of $1.50 beat consen-
70
sus by 10 cents but included a one-cent PayPal Holdings PYPL-Nasdaq

benefit from lower taxes and a six-cent Equal Weight Price $54.76 on July 11 60
Ratio = 7
gain on the sale of its Britvic [ticker: by Morgan Stanley 50
BVIC.UK] stake (implies a roughly three- Bearish
40
cent comparable beat). For the year, man- We think PayPals lead in customer accep-
agement raised the EPS guidance to $5.13 tance continues to be a tailwind and should 30

from $5.09 solely to account for a one-point allow its total-payment-volume growth and 20
improvement (four cents) in the foreign- revenue growth to exceed e-commerce 10
exchange outlook, as it continues to expect industry growth for the foreseeable future. Bullish
0
8% core EPS growth. We maintain our pos- Acceptance is just one of several factors J A S O N D J F M A M J J
that drives consumers to use PayPal (oth-
To be considered for this section, material ers include frequency of use, transaction Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish.
should be sent to Research@barrons.com. size, and availability of credit). If PayPals The total top 20 sales and buys are 237,112,519 and 35,473,454 respectively; Source: Thomson Reuters
 July 17, 2017 BARRONS M11

Striking
Options
Price

Getting Ready for the Pullback Equity Options

CBOE VOLATILITY INDEX THE EQUITY-ONLY PUT-CALL RATIO
by Steven M. Sears VIX Close VIX Futures Put-Call Ratio S&P 500 Index

WHEN IT STARTS GETTING rationale is that the Standard & Poors 500 25 140
hot, in and out of the index is now within a few points of the
markets, a line from a Vel- banks year-end target. Slowing earnings 21 120
vet Underground song growth amid high valuations and reduced
situations arise because liquidity from central banks will be a drag 17 100
of the weatheralways on the stock market, wrote the strategists,
seems to capture the mood Martin Mauro and Cheryl Rowan.
13 80
better than any chart or pithy analysis. The worlds largest asset manager,
The line is a reminder that emotions and BlackRock (BLK), last week released a
actions can be triggered by the random and midyear investment update that was neu- A S O N D J F M A M J J 9 A S O N D J F M A M J J 60
the unexpected. Markets arent immune. tral on U.S. stocks, compared with opportu- Daily Values Source: CBOE Source: McMillan Analysis Corp.
Theyre really nothing more than a global nities in Europe, Japan, emerging markets,
petri dish with millions of eyes, real and and Asia ex-Japan. SPX SKEW NDX SKEW
Implied volatility % Implied volatility %
computerized, looking at mostly the same
data and reacting in ways that are This equity ennui is raised not to per- 15% 12%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

rationalor not. suade investors to dump stocks, but to get

Now, after discounting all of the usual them ready to buy shares if a decline mate- 11
13
bearish palaver that always circles strong rializes. Any pullbacks should be tempo-
10
equity moves, market sentiment and trad- rary, even if they are sharply lower.
11
ing action seem to be shifting. Intraday That should remain true, provided 9
prices are swinging back and forth, bounc- economic growth remains reasonable; the
ing off the top and bottom of their trading Federal Reserve transparently normalizes 9
8
ranges, and yet often not changing much monetary policy; and nothing upsets the
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

from close to close. Options volatility functional dysfunction that characterizes A S O N D J F M A M J J 7 A S O N D J F M A M J J 7

remains low, but its becoming a little stick- Washington, including the investigation into Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy
ier amid growing talk that low is not the possible collusion between President Don- Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference
between the implied volatility of puts and calls that are 10% out of the money and expire in three months. Higher
same as cheap. Meanwhile, major investors ald Trumps campaign staff and the Russian readings are bearish.
are becoming a bit more risk-averse as the government.
U.S. market edges ever higher into historic At a minimum, let these thoughts serve Week's Most Active
territory, which may be a leading indicator as a reminder to evaluate positions, and Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio

of a broader shift. perhaps take some profits and rebalance Grupo Televisa TV 34154 4486 29668 2076 37 16.5
NRG Energy NRG 195705 129172 66533 13300 60 14.7
Temasek Holdings, the influential Singa- portfolios. Barracuda CUDA 14381 7991 6390 1476 8 9.7
porean sovereign wealth fund, has report- If these initial rumblings are an early MSC Industrial MSM 6614 3377 3237 848 80 7.8
ClubCorp Holdings MYCC 3183 2755 428 484 47 6.6
edly turned cautious on listed markets. The tell, and the U.S. market does tumble, be Tetraphase Pharm TTPH 10238 8219 2019 1548 100 6.6
fund is now pursuing private-equity invest- ready to buy key stocks and sell downside Navigator Holdings NVGS 2710 1743 967 504 70 5.4
ments because valuations are better. puts. Consider Alibaba Group Holding Yandex YNDX 50140 41047 9093 10128 62 5.0
Rent-A-Center RCII 69892 39476 30416 14264 75 4.9
The worlds most famous stockpicker, (BABA), Amazon.com (AMZN), Goldman WebMD WBMD 19177 12254 6923 4064 86 4.7
Warren Buffett, is gradually relying more Sachs (GS), and others with the cultural Abercrombie & Fitch ANF 69327 20481 48846 15260 76 4.5
on profits from buying and running compa- intelligence and will to bend markets to Arena Pharm ARNA 18062 8810 9252 4228 24 4.3
Ocular Therapeutix OCUL 29343 17492 11851 6964 54 4.2
nies than from picking stocks at Berkshire their liking. Gap Stores GPS 142205 63317 78888 35108 61 4.1
Hathaway (ticker: BRK.A). If the chance comes to buy those and CommScope COMM 7494 3162 4332 1864 79 4.0
Zion Oil & Gas ZN 26564 19511 7053 6628 86 4.0
Bank of America Merrill Lynch, in what other good stocks at lower prices, buy as Amicus Therapeutics FOLD 35824 23256 12568 9580 51 3.7
could be the first of many such market much fear as you can afford. If the correc- novocure NVCR 12532 9530 3002 3536 17 3.5
notes from sell-side banks, recently recom- tion never comes, well, it never hurts to Square Inc SQ 102152 82175 19977 29084 65 3.5
T. Rowe Price TROW 10485 6155 4330 3028 79 3.5
mended that clients lock in stock gains, cast a skeptical eye at what you do and This table of the most active options this week, as compared to average weekly activity not just raw volume. The idea is that the
especially in small-cap and emerging mar- dont own. After all, situations arise because unusually heavy trading in these options might be a predictor of corporate activity takeovers, earnings surprises, earnings pre-
announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
ket equities, in order to rebalance to of the weather.  short, this list attempts to identify where heavy speculation is taking place. These options are likely to be expensive in comparison to
underowned sectors and to raise cash. their usual pricing levels. Furthermore, many of these situations may be rumor-driven. Most rumors do not prove to be true, so one
should be aware of these increased risks if trading in these names
The bank is avoiding bonds because yields Twitter ID: @sm_sears Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100.
should rise for the rest of the year. The email: steve.sears@barrons.com Source: McMillan Analysis
 M12
13D Filings
Investors Report to the SEC
13Ds are filed with the Securities and Exchange Commission within 10 days of an entitys
attaining a greater than 5% position in any class of a companys securities. Subsequent
changes in holdings or intentions must be reported in amended filings. This material has
been extracted from filings released by the SEC from July 6 through July 12, 2017.
Source: InsiderScore.com
Activist Filings
Sinovac Biotech (SVA)
Globe Capital switched to an active
stance from passive, revealing that it sup-
ports and is willing to vote its shares for
Sinobioway Consortiums proposed tender
offer of $8 apiece for all outstanding Sino-
vac Biotech shares, announced on June 28.
Globe added that it plans to roll over
its shares in the acquisition. The offer is in
response to a rival bid of $7 per share an-
nounced two days earlier by a competing
investment group.
Globe Capital owns 9,353,092 shares
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
(16.4% of the outstanding total).
Original Filings
Mersana Therapeutics (MRSN)
New Enterprise Associates (NEA) dis-
closed a holding of 8,140,138 shares (36%)
following the purchase into the July 3 ini-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
tial public offering of one million at $15
per share. Subsequently, NEA revealed no
current plans or proposals.
BioScrip (BIOS)
Ares Management revealed a stake of
12,256,957 shares (9.2%) after the June 29
purchase of 6,359,350 at a price of $2.50
each and an additional 5,877,607 exercis-
able at $2 each. The holdings are part of
an agreement connected to BioScrips re-
cent credit negotiations with Ares and
provides for the appointment of a non-
voting board observer if Ares maintains
BioScrip debt of at least $50 million.
Increases in Holdings
Herc Holdings (HRI)
Gamco Investors (GBL) increased its
Christopher Burke for Barrons
holdings to 4,825,189 shares (17%) through
InsiderScore.com is a provider of insider,
institutional, and stock-buyback data,
analytics, and research. For a free analysis of
your holdings, visit InsiderScore.com or
call 866-400-9595.
BARRONS
the purchase of 380,219 at prices ranging
from $34.79 to $40.93 each, and the sale of
7,731 from $34.78 to $40.52 apiece during
the span of May 18 to July 7.
Appian (APPN)
Abdiel Capital bought 157,407 shares at
prices from $17.14 to $18.75 each between
July 5 and July 7, raising its ownership to
3,314,956 shares (46.1%).
Decreases in Holdings
Owens-Illinois (OI)
Atlantic Investment Management cut its
holdings to 7,916,955 shares (4.9%) follow-
ing the sale of 1,233,501 at prices ranging
from $21.69 to $23.90 in the period from
May 9 to July 6. It also acquired 219,000 at
prices from $21.97 to $22.94 from May 22
to June 21. Atlantic added that it has com-
municated with Owens-Illinois manage-
ment and will continue to do so.
Youll still be there within the new organizational structure.
Youll just be invisible to everybody.
Renewable Energy Group (REGI)
Carlson Capital owns 3,575,000 shares
(9.3%) after selling 400,000 at prices from
$12.55 to $12.96 apiece in the period from
June 26 to June 30 and the purchase of
75,000 at $12.35 per share on July 5.
Mindbody (MB)
Abdiel Capital cut its stake to 2,766,493
shares (6.7%) by selling 1.25 million in a
block trade at $24.75 per share on July 6.
The sale was undertaken for portfolio-
management purposes, stated Abdiel,
adding that it does not plan on effecting
further sales prior to [Mindbody] announc-
ing its financial results for the quarter
ended June 30, 2017.
Otonomy (OTIC)
OrbiMed Advisors sold 452,527 shares at
prices from $14.50 to $19.20 from May 11 to
July 5, cutting its stake to 1,397,567 (4.6%).
Ferro (FOE)
Gamco Investors sold 250,531 shares from
May 12 to July 10 in a price range from
$16.80 to $19.06, and purchased 40,256
shares from May 12 to June 21 at prices
from $17.18 to $17.83 apiece. The transac-
tions reduced its stake to 10,922,945
shares (13%).
Rightside Group (NAME)
Cannell Capital owns 1,190,015 shares
(6.2%) after selling 304,199 for $9.62 to
$10.63 from June 5 to July 7, and its June
14 purchase of 23,470 at $10.61 apiece.
July 17, 2017
The Activist Spotlight
Hain Celestial Group (HAIN)
Business: organic and natural
foods and other products
Investors Avg Cost: $34.63/share
Stock Market Value: $4 billion
($38.91/share)
Whats Happening: Engaged
Capital has submitted seven candi-
dates for election to Hains eight-seat
board.
Key Numbers:
10%: the approximate annual
growth in consumption of natural/
organic foods over the past ten years
in the U.S.
<10%: of all foods sold in U.S.,
percentage thats organic/natural.
3,000: approximate number of
Hain SKUs, or stock-keeping units
500: approximate number of Hain
SKUs driving 90% of its revenue
Behind the Scenes: Engaged
knows the industry and the company
well. It was an investor in Hain two
years ago, and had successful activist
engagements at natural/organic com-
panies Boulder Brands and SunOpta.
Hain has a great portfolio of or-
ganic brands, but suffered some set-
backs, including a lengthy accounting
issue it rectified on its own and slow-
ing of top-line growth as its retailer
mix evolved from natural specialty
stores to major grocers. While Hain
has done a great job of acquiring
brands, its poor integration of them
has led to profit margins much lower
than peers. So the first opportunity
here is operational: A more-efficient
supply chain and rationalization of
SKUs could double margins.
The second opportunity is strate-
gic. Hain is the last pure-play or-
ganic food company large enough to
move the needle for companies like
Pepsi and Kraft. Engaged has had a
constructive engagement with man-
agement. The investor nominated
seven directors not as a power grab,
but to address the severe lack of rel-
evant experience on the Hain board.
KENNETH SQUIRE
The 13D Activist Fund, a mutual fund run
by an affiliate of the author and not con-
nected to Barrons, has a long position in
Hain Celestial Group. In addition, the
author publishes and sells 13D research
reports, whose buyers may include
representatives of participants in, and
targets of, shareholder activism.
 July 17, 2017 BARRONS
Commodities Corner
Scorching Heat Could Fire Up Corn Prices
by Simon Constable
RED-HOT DRY HEAT IN THE WESTERN PART OF THE UPPER MID-
west is threatening the corn crop and could spark a big rally.
The extreme drought in North and South Dakota (and
currently spreading into Canada) may begin to hit the west-
ern corn belt, says a report from Best Weather, a meteoro-
logical forecaster and advisor in Sarasota, Fla. Adds Matthew
Davey, a commodity analyst and meteorologist for the firm:
All the models are showing warm dry air sticking around.
Prices for the grain could go as high as $6 a bushel or
more, says an analyst. That compares to around $3.90 a
bushel for recent active-month futures contracts. A couple of
months ago (Corn Prices About to Pop, May 13), Commodi-
ties Corner contributor Chelsey Dulaney predicted the price
could rise from its $3.30-to-$3.80 trading band to about $4.
Having reached that level, its pos-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Commodity Indexes, sible for the price to go still higher.
Barrons.com Investors interested in wagering
on a possible price jump should buy
December-dated corn futures on the CME. Alternatively,
they can consider the Teucrium Corn exchange-traded fund
(ticker: CORN), which tracks corn futures prices. Corn is
used as a feed grain for cattle and to make ethanol.
Stock levels for the world at the end of the 2016-17 grow-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
ing season totaled 225 million metric tons, versus 128 million
tons at the end of the 2011-12 season, according to the
Department of Agriculture. The 2012 period coincided with
a jump in corn-futures prices above $8 a bushel, the recent
peak. Since then, global inventory levels for the grain have
grown, weighing on prices.
But those inventories could quickly disappear due to the
scorching-hot weather in some key growing areas.
Currently, corn plants are in the process of being polli-
M13
nated, which makes the arid conditions problematic. This is
the most important step, and you need to have good moisture
and temperatures not too hot, says Shawn Hackett, presi-
dent of Hackett Financial Advisors in Boca Raton, Fla. If
it is too hot and too dry, then the pollination process doesnt
go well and there are fewer ears of corn. Once that happens,
even favorable weather cant reverse the problem.
In short, the next two weeks are going to be critical for
corn farmers in the western Midwest. If the weather stays All the [forecasting]
dry and hot, then a significantly smaller crop is likely. models are showing
The good news is that the heat dome, or area of high
atmospheric pressure, is unlikely to move too far eastward, warm, dry air sticking
where it could hurt a larger area of corn crops, says Hackett.
If the high-pressure ridge stays in the west, then yields
around, says a
will come in 4% to 5% below trend, he says. The USDA meteorologist.
tracks crop yields each year, and analysts evaluate current
yields relative to the trends over time.
He says the likely drop in yield rates wont be devastat-
ing, because of buffer stocks, or inventory that isnt needed
except in an emergency.
Still, a fall in the crop could mean $5 or $6 a bushel prices
for the grain, he says. Plus, there is also a tendency for
prices to overshoot if speculators get into a buying frenzy, so
the ultimate rally could go further.
Of course, not everyone is bullish about corn prices.
Typically, heat bursts spook the market, but for the most
part, corn will be OK, says Joe DAleo, chief meteorologist
for agriculture at Weatherbell Analytics in New York.
Corn futures prices closed near $3.90 a bushel on Friday. 
SIMON CONSTABLE is the author of The WSJ Guide to the 50
Economic Indicators That Really Matter.
INVEST IN WHATS REAL
w w w. u s c f i n v e s t m e n t s . c o m
Member Firm ALPS Distributors, Inc | Copyright 2016 - 2017 USCF
 M14
Market Watch
A Sampling of Advisory Opinion
Why doesnt this faster rate of house-price appreciation make more of an impact on measured
inflation, given how large a share housing costs are in a typical familys budget?
An Early Call on Earnings
U.S. Investment Policy Committee Notes
by CFRA
cfraresearch.com
July 12: The second-quarter earnings re-
porting period is getting into full swing,
with a projected 6% year-over-year advance
in Standard & Poors 500 operating earn-
ings per share. The first quarters 15.5%
Y/Y surge was the largest increase since
third-quarter 2011s 16% jump. It also
exceeded the first quarters beginning-of-
quarter estimated rise of 9.9% by 5.6
percentage points, which is the widest
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
estimate-versus-actual spread since first-
quarter 2015, when Wall Street predicted a
3.2% decline in operating EPS but ended
up with a 3.2% increase. EPS growth is
projected to accelerate in the third quarter
and fourth quarter by 8.2% and 12.5%,
respectively, but will still need to continue
outpacing estimates for valuations to
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
become less of an impediment to price
appreciation. SAM STOVALL
Lots of Growth Globally
Morning Briefing
by Yardeni Research
yardeni.com
July 12: Just about every month, Joe Abbott
and I note that there is a decent correlation
between S&P 500 revenues and the U.S.
Manufacturing Purchasing Managers Index
and the U.S. Nonmanufacturing Purchasing
Managers Index measures of domestic
economic activity. Both were solid in June,
which augurs well for revenues. So do the
solid PMIs for the global economy during
June, with the global composite remaining
steady around 54 for the past six months.
Yesterday, Debbie Johnson reviewed
Mays Organization for Economic Coopera-
Lars Kenseth for Barrons
tion and Development leading indicators
report, which tracks indexes for 32 of the
35 OECD advanced economies, as well as
six of 15 OECD nonmember economies,
including Brazil, Russia, India, and China.
BARRONS
Edited by Paul Farrell
RICHARD F. MOODY, Economic Outlook/Regions Financial
They also were mostly on a steady course,
confirming that the current slow-but-
steady growth of the global economy
should continue. On the other hand, if you
are looking for somewhat better economic
growth than slow but steady, then take a
European vacation this summer.
Here are some of the sights youll enjoy:
(1) Pretty PMIs. The euro zones M-PMI
rose to 57.4 in June, while the regions NM-
PMI dipped to a still-solid reading of 55.4.
Germany led the way on the M-PMI with a
very strong 59.6, while the NM-PMI was
led by Spain (58.3) and France (56.9).
France is also leading the euro zone in
the volume of retail sales (excluding
autos). The regions sales are up 2.6% Y/Y
through May, with solid gains in France
(4.2%), Spain (2.9%), Germany (2.3%), and
Italy (1%). New-passenger-car registra-
tions also remain on solid uptrends in the
major European economies.
The strongest economy in the euro
zone is Germanys, where industrial pro-
duction rose 5% Y/Y during May to a
fresh record high. The country is benefit-
ing from booming exports, which also
confirms that the global economy is doing
well. ED YARDENI
Housings Lean Inventories
Economic Outlet
by Regions Financial
regions.com
including house prices directly in the CPI
July 11: We have been asked, more than
once, how to reconcile what has been
increasingly rapid house-price appreciation
with relatively tame inflation. The basic gist
of these questions is as follows: Why
doesnt this faster rate of house-price
appreciation make more of an impact on
measured inflation, given how large a share
housing costs are in a typical familys bud-
get? The answer is that house prices do not
directly enter into inflation as measured by
the consumer price index or the personal
consumption expenditures deflator.
Measures of consumer inflation are
designed to compare the cost of consuming
a given bundle of goods and services at
July 17, 2017
different points in time, i.e., from one
month to the next, or from one year to the
next. In measures of consumer-level infla-
tion, housing units are seen as capital (or
investment) goods as opposed to consump-
tion goods. As such, house prices incorpo-
rate not only the value of current housing
consumption but also the capitalized value
of future housing consumption. As a result,
or the PCE deflator would violate the
basic premise behind which these indexes
are designed to measure.
That does not mean housing costs are
not accounted for in the various measures
of inflation. They are, but what is being
measured is the cost of shelter, i.e., the ser-
vice provided by a housing unit, be it a
rental or an owner-occupied unit. In the
case of rental units, it is fairly straight-
forwardthe cost of the shelter is the rent
being paid by the occupant; hence, market
rents are directly included in measures of
inflation. For owner-occupied units, it is
much less straightforward. The Consumer
Expenditure Survey, which is the basis for
the CPI, asks consumers who own their pri-
mary residence what they think their home,
unfurnished and without utilities, would
rent for at the time the survey is adminis-
tered. This is the owners equivalent rent
component of the CPI (the PCE deflator
incorporates a measure of the imputed
rental value of owner occupied housing).
What is interesting and a bit puzzling is
that over time growth in the market rents
component of the CPI has easily outpaced
growth in the owners equivalent rent com-
ponent, and this remains the case despite
the faster pace of house-price appreciation
over recent quarters. In any event, re-
gardless of whether one agrees with how
housing costs are accounted for in mea-
sures of consumer level inflation, the man-
ner in which they are accounted for is in
keeping with the basic premise of a price
index. RICHARD F. MOODY
To be considered for this section, material,
with the authors name and address, should
be sent to MarketWatch@barrons.com.
 July 17, 2017 BARRONS M15

New York Stock Exchange Composite List

52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt.
52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt.
52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt. FIVE-DAY DOW COMPOSITE
A 77.79 60.82 Altria MO 3.3 10 73.93 0.32 .61 106.47 78.50 Assurant AIZ 2.0 13 104.63 0.69 .53
14.22
12.30
8.01
6.71
AlumofChina
AmberRoad
ACH
AMBR
...
...
75
dd
14.17
9.09
+0.44
+0.38
...
...
44.55
21.66
25.73
14.11
AssuredGuaranty
AstoriaFnl
AGO
AF
1.3
.8 35
5 44.41
20.06
+1.60
0.45
.1425
.04
Yellins Boost: The Dow jumped 1% as investors cheered Fed Chair
24.38
38.75
5.99
22.10
AAC
AAR
AAC
AIR
...
.8
dd
23
6.76
37.61
+0.48
+2.15
...
.075
6.39
57.21
4.70
46.84
Ambev
Ameren
ABEV
AEE
...
3.2
25
20
5.85
54.43
+0.40
+0.29
.0493
.44
35.60
26.40
25.55
10.19
AstraZeneca
AtHomeGroup
AZN
HOME
...
...
28
45
33.87
22.03
+0.12
1.09
.95
...
Janet Yellens dovish stance in Congressional testimony. For the week,
25.83
45.03
19.87
36.62
ABB
ABMIndustries
ABB
ABM
3.0
1.6
25
cc
25.16
42.90
+0.44
+1.75
.7626
.17
7.85
17.06
4.51
11.02
Ameresco
AmericaMovil
AMRC
AMX
...
2.0
32
27
7.00
16.92
0.15
+0.73
...
.1668
11.40
55.10
6.85
43.25
Atento
Athene
ATTO
ATH
...
...
50
9
11.15
49.77
...
+0.50
...
...
Microsoft rose 5% to an all-time high, but JPMorgan Chase fell 2%.
14.75 9.06 ACCO Brands ACCO ... 14 11.80 0.20 ... 16.73 10.83 AmericaMovil A AMOV 2.0 26 16.64 +0.66 .1668 27.30 14.17 AtkoreIntl ATKR ... 21 22.79 ... ... Monday Tuesday Wednesday Thursday Friday
40.72 26.46 AECOM ACM ... 23 32.78 +0.13 ... 46.38 37.54 AmericanAssets AAT 2.6 56 39.61 +0.35 .26 2.75 2.13 AtlanticPower g AT ... dd 2.40 ... ...
13.32 10.60 AES AES 4.4 dd 11.03 +0.27 .12 21.25 12.61 AmericanAxle AXL ... 5 16.90 +1.14 ... 85.61 68.51 AtmosEnergy ATO 2.1 22 83.79 +0.11 .45 21660
79.86 66.50 Aflac AFL 2.2 13 77.87 0.11 .43 54.56 44.65 AmCampus ACC 3.7 73 47.21 +1.28 .44 15.37 6.12 AtwoodOceanics ATW ... 6 7.86 +0.39 ...
71.06 46.22 AGCO AGCO .8 40 70.28 +1.90 .14 19.55 10.56 AmerEagle AEO 4.3 11 11.74 +0.05 .125 47.77 19.32 Autohome ATHM ... 28 47.48 +1.51 ...
19.38 13.88 AG Mortgage MITT 10.3 7 18.44 +0.22 .475 72.97 57.89 AEP AEP 3.5 48 68.17 0.98 .59 116.99 93.31 Autoliv ALV 2.1 18 116.68 +2.48 .60
7.95 4.98 AHBeloA AHC 5.9 dd 5.40 0.05 .08 28.00 15.07 AmEqtyLf AEL .9 13 27.33 +0.22 .24 54.15 38.20 AutoNation AN ... 10 42.01 +0.21 ...
11.39 3.87 AK Steel AKS ... 25 6.50 +0.55 ... 85.88 59.50 AmericanExpress AXP 1.5 15 85.28 +0.95 .32 818.00 492.02 AutoZone AZO ... 12 506.31 +4.92 ... 21585
35.65 21.25 AMC Ent AMC 3.7 24 21.90 0.05 .20 103.19 70.82 AmericanFin AFG 1.3 13 99.70 1.86 .3125 199.52 158.32 Avalonbay AVB 3.0 25 187.71 1.59 1.42
7.82 4.96 AMECFosterWheel AMFW 3.2 dd 5.72 0.13 .0909 23.98 19.63 AmerHomes4Rent AMH .9 dd 22.87 +0.39 .05 46.44 35.42 Avangrid AGR 3.9 21 44.03 +0.66 .432
44.99 26.00 AMN Healthcare AMN ... 16 36.50 1.75 ... 67.47 53.93 AIG AIG 2.0 cc 64.11 +0.76 .32 94.31 68.55 AveryDennison AVY 1.9 25 94.02 +3.24 .45
5.55 3.06 ARCDocumentSolns ARC ... dd 4.18 +0.08 ... 25.26 18.05 AIG Wt AIG/WS ... ... 22.40 +0.69 ... 10.91 5.78 Avianca AVH .4 30 7.35 +0.35 .0329 21510
43.50 36.10 AT&T T 5.4 18 36.30 0.68 .49 18.45 10.39 AmerMidstreamPtrs AMID 12.3 dd 13.40 +0.80 .4125 44.45 37.78 Avista AVA 3.4 19 42.32 +0.61 .3575
10.87 6.35 A10Networks ATEN ... dd 6.92 1.17 ... 9.99 4.92 AmRltyInv ARL ... dd 8.75 +0.39 ... 51.50 35.96 Avnet AVT 1.8 16 39.63 +0.64 .18
4.95 3.44 AUOptronics AUO 4.4 6 4.18 +0.11 .1853 26.94 15.11 AmericanRenal ARA ... dd 18.76 +1.37 ... 6.96 3.24 AvonProducts AVP ... dd 3.64 0.07 ...
17.72 13.08 AVX AVX 2.6 23 17.04 +0.49 .11 50.86 37.47 AmerStWater AWR 2.1 28 46.73 0.72 .242 34.10 24.27 AxaltaCoating AXTA ... cc 33.40 +0.84 ...
71.06 52.67 AXIS Capital AXS 2.4 13 63.90 0.23 .38 137.12 99.72 AmerTowerREIT AMT 1.9 66 136.04 +2.90 .64 26.49 11.01 AxovantSciences AXON ... dd 24.28 +1.72 ... 21435
67.98 47.63 AZZ AZZ 1.3 25 51.25 +2.85 .17 20.00 14.20 AmerVanguard AVD .3 40 18.50 +0.80 .015 25.99 19.43 Azul AZUL ... ... 23.87 +1.00 ... (Prev Fri's
40.33 21.50 Aaron's AAN .3 19 37.75 0.09 .0275 83.21 69.41 AmerWaterWorks AWK 2.1 29 78.64 +0.88 .415 22.00 12.73 AzurePowerGlbl AZRE ... dd 17.00 0.07 ... Close)
49.59 37.38 AbbottLabs ABT 2.2 50 48.91 +0.47 .265 50.11 42.52 Amerigas APU 8.5 88 44.73 1.12 .95 -5.82 +0.55 +123.07 +20.95 +84.65
73.67
23.29
55.06
8.81
AbbVie
Abercrombie&Fitch
ABBV
ANF
3.5
9.0
19
dd
73.11
8.89
+1.08
3.27
.64
.20
135.47
97.85
86.25
68.38
Ameriprise
AmerisourceBrgn
AMP
ABC
2.5
1.6
16
18
134.74
92.96
+3.43
0.95
.83
.365 B 21360
10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
38.01 26.70 AcadiaRealty AKR 3.7 38 28.41 +0.60 .26 62.89 43.30 Ametek AME .6 28 61.90 +0.34 .09
128.47 108.83 Accenture ACN 1.9 22 126.70 +2.49 1.21 8.99 4.50 AmiraNatureFoods ANFI ... ... 6.31 +0.84 ... 52.84 33.05 B&G Foods BGS 5.4 21 34.30 0.15 .465
14.60 5.57 AcornIntl ATV ... 13 10.36 +0.38 ... 18.25 9.34 Ampco-Pitt AP 2.5 dd 14.55 ... .09 49.88 36.19 BB&T BBT 2.7 17 44.81 0.66 .30
29.80 20.54 Actuant ATU .2 30 24.60 +0.05 .04 76.67 58.22 Amphenol APH .9 26 74.55 +1.16 .16 21.96 16.20 BBVABancoFr BFR ... 12 17.76 0.26 ...
280.89 157.33 AcuityBrands AYI .3 29 204.70 +6.17 .13 17.53 7.86 AmplifySnack BETR ... 40 10.40 +0.82 ... 49.03 41.83 BCE g BCE 4.6 18 45.96 +0.87 .5316
22.31 16.84 Acushnet GOLF 2.5 5 19.59 0.31 .12 8.14 5.17 Amrep AXR ... dd 6.85 +0.07 ... 41.79 27.83 BHPBilliton BHP 4.1 43 39.40 +2.18 .80 52-Week Tick Div 52-Week Tick Div
13.29 9.38 Adecoagro AGRO ... cc 9.96 +0.31 ... 73.33 42.58 AnadarkoPetrol APC .4 dd 44.73 +1.37 .05 37.44 23.96 BHPBilliton BBL 4.7 37 34.26 +1.98 .80 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
76.09 39.66 Adient ADNT 1.6 dd 68.85 +1.20 .275 48.28 36.54 AnadarkoPeteUn AEUA 9.3 ... 40.29 0.06 .9375 38.68 32.50 BP BP 6.9 58 34.95 +0.59 .60
34.18 16.56 Bitauto BITA ... dd 30.35 +1.85 ... 16.70 5.66 CARBOCeramics CRR ... dd 7.08 +0.60 ...
40.70 21.60 AdtalemGlbEduc ATGE ... 32 34.95 1.45 ... 22.91 9.28 AngloGoldAsh AU 3.9 63 9.81 +0.30 .0944 32.95 15.00 BP Prudhoe BPT 16.5 8 20.15 1.50 .8329
177.83 99.13 AdvanceAuto AAP .2 19 102.04 +0.11 .06 136.08 98.28 AB InBev BUD 3.8 cc 114.29 +3.47 2.1928 18.12 10.60 BRF BRFS ... dd 12.12 +0.77 ... 72.02 54.76 BlackHills BKH 2.6 34 67.70 0.50 .445 46.30 0.17 C&J Energy CJ ... 88 34.00 +2.01 ...
24.10 18.32 AdvDisposalSvcs ADSW ... dd 23.20 +0.49 ... 88.00 56.11 AnixterIntl AXE ... 20 78.05 1.30 ... 8.70 7.04 BRT Apartments BRT ... 5 7.56 +0.06 ... 78.74 61.75 BlackHillsUn BKHU 5.3 ... 73.23 1.44 .9688 24.75 14.08 CBD Pao CBD ... dd 21.25 +1.89 ...
28.40 18.60 AdvDrainageSys WMS 1.4 43 20.00 +0.60 .07 12.73 9.83 AnnalyCap NLY 9.7 5 12.33 +0.26 .30 27.83 18.06 BT Group BT 6.8 16 19.88 +1.06 .6804 42.20 34.00 BlackKnightFin BKFS ... 61 41.80 +0.60 ... 15.90 10.70 CBIZ CBZ ... 20 15.45 +0.50 ...
6.64 4.89 AdvSemiEngg ASX 3.9 18 6.56 +0.28 .2539 22.87 19.91 AnteroMidstream AMGP .5 ... 21.51 +0.33 .027 51.00 35.34 BWX Tech BWXT .9 28 50.40 +1.32 .11 19.86 14.97 BlackStoneMin BSM 7.1 47 16.25 +0.14 .2875 14.30 7.15 CBL Assoc CBL 12.2 17 8.71 +0.42 .265
33.79 12.00 AdvanSix ASIX ... 30 33.44 +0.26 ... 35.74 24.61 AnteroMidstream AM 3.9 24 33.21 +0.47 .32 17.72 8.54 Babcock&Wilcox BW ... dd 10.60 0.83 ... 442.84 336.84 BlackRock BLK 2.3 22 438.34 +5.96 2.50 37.47 25.40 CBRE Group CBG ... 20 37.16 +0.55 ...
7.88 5.70 AdvantageOil AAV ... cc 6.90 +0.35 ... 28.30 19.51 AnteroResources AR ... dd 21.98 +1.32 ... 41.70 29.30 BadgerMeter BMI 1.1 36 40.60 +0.40 .115 34.55 23.33 BlackstoneGroup BX 10.1 17 34.44 +1.45 .87 71.07 49.92 CBS A CBS/A 1.1 58 65.01 +1.38 .18
13.10 4.60 AegeanMarine ANW 1.4 6 5.85 +0.50 .02 194.94 114.85 Anthem ANTM 1.4 19 192.56 +0.95 .65 40.82 36.12 BakerHughes BHGE ... ... 37.35 0.56 ... 32.47 27.58 BlackstoneMtg BXMT 8.0 13 31.02 +0.08 .62 70.10 48.88 CBS B CBS 1.1 57 63.95 +1.14 .18
5.84 3.70 Aegon AEG 5.4 15 5.45 +0.01 .1462 54.24 41.00 AnthemUn ANTX 5.0 ... 52.84 0.04 .6563 42.87 34.34 Ball BLL 1.0 30 42.10 0.20 .10 31.70 19.85 BlockHR HRB 3.1 15 30.53 0.84 .24 9.65 4.84 CDI CDI ... dd 6.45 +0.35 ...
49.66 35.28 AerCap AER ... 9 47.63 +0.80 ... 6.35 4.66 AnworthMtg ANH 9.8 12 6.11 +0.08 .15 23.25 10.93 BancCalifornia BANC 2.5 14 20.75 0.80 .13 11.00 7.08 BlueApron APRN ... ... 7.36 0.37 ... 37.17 20.77 CF Industries CF 4.1 dd 29.49 +1.60 .30
7.45 3.66 AerohiveNtwks HIVE ... dd 4.82 0.11 ... 137.28 105.35 Aon AON 1.1 27 136.22 +1.21 .36 8.88 5.35 BancoBilbaoViz BBVA 6.4 13 8.85 +0.22 .1424 20.83 17.22 BlueCapReins BCRH 6.3 ... 19.15 +0.65 .30 29.70 4.37 CGG CGG ... dd 4.70 +0.12 ...
23.27 16.04 AerojetRocket AJRD ... 89 22.54 +0.75 ... 69.00 44.60 Apache APA 2.1 dd 48.56 +3.45 .25 10.00 6.91 BancoBradesco BBDO 6.8 ... 9.20 +0.86 .0053 11.28 6.36 BlueLinx BXC ... 4 10.70 +0.08 ... 53.08 43.64 CGI Group GIB ... 15 52.96 +2.02 ...
155.93 104.59 Aetna AET 1.3 48 155.27 +1.39 .50 47.91 39.66 ApartmtInv AIV 3.3 cc 43.26 +0.61 .36 86.07 64.58 BancodeChile BCH 3.1 17 85.73 +5.31 2.6389 18.95 15.97 BoardwalkPipe BWP 2.3 14 17.63 0.07 .10 50.40 32.90 CIT Group CIT 1.2 dd 48.68 0.40 .15
176.11 130.48 AffiliatedMgrs AMG .5 20 175.53 +5.66 .20 19.92 15.54 ApolloComRlEst ARI 10.0 10 18.33 ... .46 30.51 25.17 Bladex BLX 5.6 12 27.69 +0.04 .385 208.73 126.31 Boeing BA 2.7 26 208.51 +6.14 1.42 48.37 38.78 CMS Energy CMS 2.9 22 45.90 +0.15 .3325
35 28.42 15.64 ApolloGlobalMgmt APO 7.2 9 27.26 +0.92 .49 97.86 61.12 BancoMacro BMA .8 12 90.07 0.08 .7532 33.40 17.80 BoiseCascade BCC ... 25 28.40 0.35 ... 49.95 30.94 CNA Fin CNA 2.0 13 49.29 +0.27 .25
61.66 42.92 AgilentTechs A .9 61.52 +1.89 .132 377.17 27.24 BonanzaCreekEner BCEI ... dd 29.79 +1.94 ...
37 26 11.75 5.76 BancSanBrasil BSBR ... ... 8.34 +0.62 .0408 12.13 6.49 CNH Indl CNHI 1.0 ... 11.96 +0.34 .1175
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

60.10 35.05 AgnicoEagle AEM .9 44.60 +1.04 .10 20.68 17.32 AppleHospREIT APLE 6.4 18.68 +0.09 .10 17.26 5.90 BootBarn BOOT ... 12 6.58 0.16 ...
51.50 41.01 AgreeRealty ADC 4.3 22 46.88 +0.61 .505 69.00 43.50 AppliedIndlTechs AIT 2.0 21 58.05 1.45 .29 26.72 19.97 BcoSantChile BSAC 4.0 17 26.10 +0.57 1.0444 22.60 14.30 CNO Financial CNO 1.7 10 21.07 +0.10 .09
39.67 29.55 BoozAllen BAH 2.0 20 33.83 +0.08 .17 138.36 108.05 CNOOC CEO 5.3 cc 112.45 +3.37 2.961
111.88 87.75 Agrium AGU 3.6 18 98.55 +7.86 .875 89.97 70.32 Aptargroup ATR 1.4 27 89.43 +1.34 .32 6.99 3.89 BancoSantander SAN 3.5 15 6.76 0.01 .06
46.44 31.21 BorgWarner BWA 1.2 71 46.26 +2.17 .14
40.24 27.05 AirLease AL .8 11 38.41 +0.34 .075 34.86 28.03 AquaAmerica WTR 2.3 25 32.58 0.21 .1913 47.20 31.98 BanColombia CIB 2.7 10 45.16 +1.26 .3079 22.30 10.00 CNX Coal CNXC 12.6 13 16.25 +0.50 .5125
dd 32.40 22.23 BancorpSouth BXS 1.6 19 30.45 0.30 .125 195.35 128.70 BostonBeer SAM ... 20 131.75 ... ... 25.56 16.03 CONE Midstream CNNX 5.7 12 19.67 +1.14 .2821
150.45 129.00 AirProducts APD 2.6 23 145.57 +1.56 .95 26.33 14.27 AquaVenture WAAS ... 15.25 +0.53 ... 144.02 113.69 BostonProperties BXP 2.5 45 121.70 +1.57 .75
25.98 18.26 Aircastle AYR 4.8 11 21.67 +0.06 .26 41.72 32.73 Aramark ARMK 1.0 31 40.39 +0.15 .103 25.80 13.52 BankofAmerica BAC 1.2 15 24.21 0.62 .075 16.87 13.27 CPFLEnergia CPL 1.6 32 16.75 +0.70 .1363
13.64 3.37 BankofAmWtA BAC/WS/A ... ... 11.99 0.58 ... 28.51 19.67 BostonScientific BSX ... 87 27.78 +0.19 ... 38.04 29.18 CRH CRH 2.8 22 36.11 +0.29 .505
93.95 58.30 AlamoGroup ALG .4 25 92.68 0.63 .10 8.99 6.92 ArborRealty ABR 8.7 8 8.23 +0.05 .18 20.91 10.43 Box BOX ... dd 18.87 +0.68 ...
9.76 5.95 AlamosGold AGI .3 dd 6.64 0.05 .01 17.40 12.86 ArcLogisticsPtrs ARCX 11.6 22 15.19 +0.07 .44 1.55 0.06 BankofAmWtB BAC/WS/B ... ... .84 0.10 ... 33.54 24.38 CSRA CSRA 1.2 18 32.82 +0.86 .10
35.68 23.75 BankofButterfield NTB 3.7 25 34.74 0.26 .32 26.20 16.77 BoydGaming BYD .8 12 25.53 +0.73 .05 29.18 23.16 CSS Industries CSS 3.0 8 26.33 0.41 .20
101.43 61.61 AlaskaAir ALK 1.3 16 92.63 1.26 .30 28.11 15.99 ArcelorMittal MT ... 3 25.03 +1.98 ... 40.50 31.66 Brady BRC 2.4 18 33.75 +0.20 .205
55.15 37.00 AlbanyIntl AIN 1.3 35 53.90 0.15 .17 86.47 59.05 ArchCoal ARCH ... dd 74.55 +4.91 .35 90.80 66.38 BankofHawaii BOH 2.5 19 81.49 1.91 .50 24.80 16.35 CTS CTS .7 21 21.95 +0.05 .04
17.83 14.04 BrandywineRealty BDN 3.7 cc 17.12 +0.16 .16 31
118.99 75.11 Albemarle ALB 1.1 27 117.57 +7.58 .32 47.88 40.22 ArcherDaniels ADM 3.1 17 41.48 +0.24 .32 78.00 62.32 BankofMontreal g BMO 3.5 13 76.61 +2.24 .6615 4.19 2.72 BrasilAgro LND ... dd 3.68 +0.07 .1194
25.91 12.03 CVR Energy CVI 9.0 22.28 +0.65 .50
39.78 20.00 Alcoa AA ... dd 36.32 +2.13 ... 16.40 8.28 Archrock AROC 4.2 dd 11.45 +0.70 .12 52.50 38.53 BankNY Mellon BK 1.5 16 52.36 +0.61 .19 8.25 3.38 CVR Partners UAN 2.2 dd 3.70 +0.23 .02
62.89 49.61 BkNovaScotia g BNS 3.6 14 62.02 +1.24 .5635 23.15 11.02 Braskem BAK 3.4 14 22.68 +2.29 .7795 12.55 5.50 CVR Refining CVRR ... 9 9.05 0.40 ...
50.49 31.47 Alere ALR ... dd 50.26 0.09 ... 30.69 16.75 Arconic ARNC 1.0 ... 24.39 +1.26 .06 15.85 5.38 BridgepntEdu BPI ... dd 13.72 0.35 ...
46.87 36.98 Alexander&Baldwin ALEX .7 cc 42.20 +0.89 .07 9.53 4.56 ArcosDorados ARCO ... 22 8.20 +0.62 ... 14.25 6.91 Bankrate RATE ... dd 13.95 +0.05 ... 98.66 69.30 CVS Health CVS 2.6 16 77.93 0.71 .50
15 25.92 17.90 Briggs&Stratton BGG 2.3 25 24.16 ... .14 9.21 7.42 CYS Invts CYS 11.8 dd 8.46 +0.09 .25
451.99 369.33 Alexanders ALX 4.0 25 423.73 +1.96 4.25 24.54 20.68 Ardagh ARD 2.4 ... 22.91 +0.95 .14 41.00 28.13 BankUnited BKU 2.6 32.81 1.10 .21 81.23 59.00 BrightHorizons BFAM ... 42 77.33 +0.77 ...
122.28 101.31 AlexandriaRealEst ARE 2.9 dd 120.04 +1.51 .86 8.75 5.00 ArdmoreShipping ASC 5.5 dd 8.00 +0.15 .11 12.05 7.79 Barclays BCS 3.7 22 10.94 +0.19 .1001 63.60 45.00 Cabela's CAB ... 29 59.81 +0.05 ...
14.03 10.55 BrightScholarEduc BEDU ... ... 13.66 +1.70 ... 742.13 506.43 CableOne CABO .8 40 738.51 +13.70 1.50
10.80 7.75 AlgonquinPwr AQN 4.5 29 10.45 +0.28 .1165 14.39 12.13 AresCommRealEst ACRE 8.4 12 12.86 0.20 .27 320.06 203.63 Bard CR BCR .3 41 320.04 +1.63 .26
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

55.84 36.44 BrinkerIntl EAT 3.7 12 36.77 0.42 .34 61.34 46.88 Cabot CBT 2.3 15 53.81 0.05 .315
152.25 80.60 Alibaba BABA ... 61 151.83 +9.40 ... 23.25 14.61 AresManagement ARES 2.8 28 18.25 +0.20 .13 13.15 7.61 Barnes&NobleEduc BNED ... 68 7.76 2.47 ... 70.43 29.72 Brink's BCO .9 50 70.00 +3.05 .15
667.19 510.52 Alleghany Y ... 20 599.73 +4.18 ... 76.70 45.41 Argan AGX 1.1 12 62.45 +1.55 .30 13.63 6.25 Barnes&Noble BKS 8.1 26 7.40 0.05 .15 26.74 20.02 CabotOil COG .8 dd 25.35 +1.09 .05
77.12 46.01 Bristol-Myers BMY 2.8 19 55.15 0.76 .39 23.71 20.50 CadenceBancorp CADE ... ... 22.25 0.39 ...
23.69 13.15 AlleghenyTechs ATI ... dd 17.54 +0.61 .08 162.97 68.75 AristaNetworks ANET ... 50 155.11 +6.34 ... 60.74 35.96 BarnesGroup B .9 23 59.69 +0.35 .14 21.88 6.21 Bristow BRS 3.9 dd 7.19 +0.03 .07
82.90 61.47 Allegion ALLE .8 33 80.77 0.45 .16 17.13 13.16 ArlingtonAsset AI 15.8 dd 13.90 +0.20 .55 26.69 19.06 BarracudaNtwks CUDA ... cc 22.70 1.15 ... 17.88 12.72 CAE g CAE 1.3 19 17.69 +0.20 .0595
29.14 17.35 BrixmorProp BRX 5.6 20 18.57 +0.68 .26 40.94 30.18 CalAtlantic CAA .4 10 36.98 +1.09 .04
261.27 184.50 Allergan AGN 1.1 8 245.85 +5.16 .70 15.50 12.52 ArmadaHoffler AHH 5.8 28 13.09 +0.30 .19 22.94 13.81 BarrickGold ABX .8 13 15.99 +0.64 .03 78.00 59.86 BroadridgeFinl BR 1.8 29 75.21 0.02 .33
74.59 56.48 Allete ALE 3.0 22 70.29 0.97 .535 27.60 20.21 ArmourRes ARR 9.0 3 25.38 +0.43 .19 44.81 19.79 BasicEnergySvcs BAS ... dd 28.34 +3.79 ... dd 36.61 23.12 Caleres CAL 1.0 19 27.14 0.20 .07
18.62 10.65 BrookdaleSrLiving BKD ... 14.40 +0.03 ... 18.80 12.89 CalgonCarbon CCC 1.3 88 15.90 0.05 .05
266.25 193.67 AllianceData ADS .8 35 264.14 +7.97 .52 22.96 15.48 ArmstrongFlooring AFI ... dd 17.81 0.42 ... 62.25 43.13 BaxterIntl BAX 1.0 18 62.11 +1.39 .16 40.09 32.04 BrookfieldMgt BAM 1.4 24 39.46 +0.57 .14
22.69 9.95 AllianceOne AOI ... dd 16.55 +1.10 ... 48.00 36.38 ArmstrongWorld AWI ... 19 45.70 +0.60 ... 5.70 2.13 BaytexEnergy g BTE ... dd 2.46 +0.18 ... 27.90 20.00 BrookfieldBusPtr BBU .9 cc 27.90 +0.69 .0625 23.42 6.64 CaliforniaRscs CRC ... 1 7.60 +0.25 ...
25.13 20.40 AllianceBernstein AB 7.5 11 24.50 +0.50 .46 80.99 58.52 ArrowElec ARW ... 14 80.72 +1.94 ... 15.80 8.58 BeazerHomes BZH ... dd 13.55 0.17 ... 41.55 30.12 BrookfieldInfr BIP 4.3 44 40.38 ... .435 39.40 29.25 CalWtrSvc CWT 1.9 36 37.35 +0.45 .18
42.19 34.88 AlliantEnergy LNT 3.2 24 39.97 +0.26 .315 32.20 24.48 ArtisanPtrsAsset APAM 7.5 20 31.80 +0.95 .60 200.62 161.29 BectonDickinson BDX 1.5 33 200.62 +2.83 .73 24.94 20.31 BrookfieldPropPtr BPY 5.0 14 23.70 +0.22 .295 8.20 6.15 Calix CALX ... dd 6.85 0.05 ...
54.46 35.28 AlliedWorld AWH ... ... 48.99 +0.79 5.00 71.00 47.50 AsburyAutomotive ABG ... 7 57.00 +1.55 ... 81.33 60.06 Belden BDC .3 28 74.88 1.04 .05 34.02 26.61 BrookfieldRenew BEP 5.7 dd 32.95 +0.59 .4675 13.35 9.50 CallawayGolf ELY .3 7 12.68 0.01 .01
40.02 26.74 AllisonTransm ALSN 1.6 26 38.59 +0.56 .15 17.64 9.28 AshfordHospPrime AHP 6.2 21 10.40 +0.29 .16 5.55 2.24 BellatrixExplor BXE ... dd 2.41 0.03 ... 45.77 35.81 Brown&Brown BRO 1.2 23 43.30 +0.14 .135 18.53 9.63 CallonPetrol CPE ... dd 10.80 +0.40 ...
90.74 66.55 Allstate ALL 1.7 15 89.05 0.14 .37 8.23 5.35 AshfordHosp AHT 7.8 dd 6.16 +0.12 .12 14.45 10.86 Belmond BEL ... 73 13.00 0.10 ... 60.28 45.17 Brown-Forman A BF/A 1.5 29 48.75 +0.13 .1825 15.11 9.30 Calpine CPN ... 21 13.87 +0.45 ...
23.62 16.68 AllyFinancial ALLY 1.5 10 21.46 +0.64 .08 67.90 51.62 AshlandGlobal ASH 1.4 dd 65.61 0.10 .225 53.32 43.13 Bemis BMS 2.6 19 46.28 0.41 .30 59.71 43.72 Brown-Forman B BF/B 1.5 28 47.39 0.78 .1825 62.95 38.30 Cambrex CBM ... 22 58.05 0.20 ...
12.44 7.63 AlonUSAPartners ALDW 13.9 29 10.97 +0.28 .38 6.71 3.61 AspenAerogels ASPN ... dd 4.51 +0.06 ... 34.45 22.38 BenchmarkElec BHE ... 27 33.70 +1.20 ... 63.82 42.02 Brunswick BC 1.0 21 63.42 +0.96 .165 90.83 75.36 CamdenProperty CPT 3.5 18 86.37 +0.17 .75
22.22 14.61 Alteryx AYX ... ... 22.18 +2.48 ... 57.80 44.05 AspenIns AHL 1.9 23 50.70 0.60 .24 73.17 55.55 Berkley WRB .8 15 69.89 +0.46 .50 75.10 59.73 BuckeyePtrs BPL 7.6 17 65.90 +1.34 1.25 13.36 7.41 Cameco g CCJ 3.0 dd 9.97 +0.70 .0741
35.29 30.66 AlticeUSA ATUS ... ... 31.79 0.66 ... 26.70 17.52 AssociatedBanc ASB 1.9 19 25.00 0.55 .12 266445 213030 BerkHathwy A BRK/A ... 19 256020 760.00 ... 28.67 16.00 Buckle BKE 6.0 9 16.60 0.80 .25 67.00 50.62 CampbellSoup CPB 2.7 33 51.73 +0.15 .35
15.66 8.99 AltisourceResid RESI 4.5 dd 13.23 +0.37 .15 39.35 29.31 AssocCapital AC .6 dd 33.85 0.15 .10 177.86 141.92 BerkHathwy B BRK/B ... 19 169.47 1.67 ... 16.45 9.87 Buenaventura BVN 1.0 dd 11.97 +0.53 .057 36.60 20.45 CampingWorld CWH 1.0 14 31.78 +2.73 .0732
38.65 25.90 BerkshireHills BHLB 2.3 20 35.75 0.45 .21 15.85 8.05 Build-A-Bear BBW ... cc 10.25 0.05 ... 24.32 15.20 CanadaGoose GOOS ... ... 19.29 +0.04 ...
58.95 39.45 BerryGlobal BERY ... 25 57.62 +0.04 ... 83.75 58.19 Bunge BG 2.3 21 78.38 +1.54 .46 92.22 72.62 CIBC g CM 4.4 7 85.47 +3.21 .9406
TO OUR READERS:Full NYSE, NYSE MKT and Nasdaq Major 61.95 31.01 BestBuy BBY 2.5 15 55.26 2.61 .34 104.07 67.01 BurlingtonStores BURL ... 28 89.18 1.24 ... 84.48 61.11 CanNtlRlwy g CNI 1.5 24 83.68 +1.45 .3059
Market listings appear free online at www.barrons.com/list- 56.54 42.40 BigLots BIG 2.1 13 47.89 +1.28 .25 21.10 19.84 BylineBancorp BY ... ... 20.78 +0.51 ... 35.28 27.52 CanNaturalRes g CNQ 2.7 cc 29.35 +1.16 .2014
491.74 373.01 Biglari BH ... cc 394.56 1.65 ... 167.52 139.29 CanPacRlwy g CP 1.0 17 166.45 +3.91 .412
ings. These composite stock quotations include trades on the 8.24 2.75 BillBarrett BBG ... dd 3.24 +0.38 ... 35.91 27.18 Canon CAJ ... 23 33.68 +1.30 ...
Chicago, Pacific, Philadelphia, Boston and National stock ex- 6.50 1.88 BioAmber BIOA ... dd 2.57 0.07 ... C 88.81 64.75 CantelMedical CMD .2 45 76.00 +0.70 .07
28.34 17.00 BiohavenPharm BHVN ... ... 24.73 +0.72 ... 54.80 25.00 CapitalOneWt COF/WS ... ... 41.45 +0.63 ...
changes, as reported by the National Association of Securities 233.51 142.06 Bio-RadLab A BIO ... cc 231.37 +2.37 ... 135.35 91.79 CACI Intl CACI ... 20 128.30 +0.90 ... 96.92 65.00 CapitalOne COF 1.9 13 82.50 ... .40
Dealers. 228.00 141.01 Bio-RadLab B BIO/B ... cc 224.50 3.50 ... 24.80 6.75 CAI Intl CAI ... cc 24.22 +1.02 ... 19.83 12.65 CapitalSrLiving CSU ... dd 14.55 0.28 ...

The Weeks Statistics Bonus Tables: 26 & 39

Barron's 50-Stock Average ............. 35 DJ Averages ................................... 34 Indexes P/Es & Yields ...................... 35 New Highs & Lows ......................... 37 Top Savings Deposit Yields............. 33
Cash Track ..................................... 28 DJ U.S. Total Market Industry Groups 36 Initial Public Offerings.................... 36 NYSE Half-Hourly Volume .............. 34 Trading Diary ................................. 34
Charting the Market ...................... 8 Dow Jones Averages ...................... 34 Investor Sentiment Readings ......... 38 Other Market Indexes .................... 34 Vital Signs...................................... 4
Closed-End Funds.......................... 32 Dow Jones Per Share Values ........... 35 Key Foreign Market Indexes ........... 27 Pulse of the Economy..................... 36 Week In Stocks............................... 35
Coming Earnings ........................... 36 Earnings Scoreboard ..................... 36 Market Lab .................................... 34 S&P Dow Jones Indexes.................. 34 Weekly Bond Statistics................... 38
Weekly Volume By Markets ............ 35
Conference Call Calendar............... 37 Exchange Traded Portfolios ........... 22 Money Rates, U.S. & Foreign .......... 38 SEC Form 144 Filings ...................... 35
Winners & Losers Stocks ................ 8
Consensus Estimates Dow Industrials 36 Federal Reserve Data Bank ............. 38 Money Supply ............................... 38 Short Interest NASDAQ.................. 31
Delta Tactical Sentiment ................ 35 Foreign Exchange .......................... 38 Mutual Funds ................................ 28 Short Interest NYSE/NYSE Mkt ....... 31 For statistical queries please contact the
Distributions & Offerings ............... 35 Global Stock Markets..................... 27 N.Y. Stock Exchange ...................... 15 Stock Splits - Special Dividends ...... 39 Statistics Team: 609-520-4799
or email: barronsstats@barrons.com
Dividend Boosts - Reductions......... 39 Gold & Silver Prices......................... 38 Nasdaq National Market................ 19 Stock Volume ................................ 34 or visit: barrons.com/mkt-
Dividend Ex-Payment Dates ........... 39 Gold Mining Index ......................... 38 New Corporate Listings ................. 39 Top Retail Money Fund Top Yields .. 32 lab?mod=BOL_Nav_MAR_other
 M16 BARRONS July 17, 2017

New York Stock Exchange Composite List

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
11.41 8.93 CapsteadMtg CMO 8.0 16 10.44 +0.04 .21 18.15 13.10 Conduent CNDT ... ... 15.95 0.05 ... 17.93 12.76 DynagasLNG DLNG 11.1 9 15.22 +0.22 .4225 13.12 2.97 FairmountSantrol FMSA ... dd 3.74 +0.52 ... 4.50 1.10 GlobalShipLease GSL ... dd 1.30 +0.07 ...
85.52 62.70 CardinalHealth CAH 2.4 19 78.11 +0.92 .4624 53.17 38.80 ConocoPhillips COP 2.4 dd 43.45 +0.45 .265 18.32 5.84 Dynegy DYN ... dd 8.24 +0.57 ... 5.57 2.46 FangHoldings SFUN ... dd 3.17 +0.01 ... 47.19 30.90 Globant GLOB ... 41 43.18 +2.33 ...
31.56 22.70 CareCapProps CCP 8.8 18 25.78 +0.09 .57 22.34 13.55 ConsolEnergy CNX ... dd 15.77 +1.22 ... 8.36 0.11 DynegyAWt DYN/WS/A ... ... .18 0.02 ... 11.98 8.57 FarmlandPtrs FPI 5.7 dd 8.94 +0.19 .1275 34.03 19.25 GlobusMedical GMED ... 30 32.38 +0.05 ...
16.07 7.51 Care.com CRCM ... dd 15.09 +0.47 ... 85.13 68.76 ConEd ED 3.4 19 80.73 +0.20 .69 111.26 49.03 DynegyUn DYNC 11.5 ... 61.00 +3.99 1.75 70.00 36.79 FedAgriMtg A AGM/A 2.2 10 65.00 +0.50 .36 44.22 28.13 GoDaddy GDDY ... dd 42.22 +0.14 ...
116.40 93.47 Carlisle CSL 1.4 26 97.69 +1.27 .35 198.46 144.00 ConstBrands A STZ 1.0 28 198.32 +4.80 .52 0.41 0.01 DynegyWt DYN/WS ... ... .06 ... ... 68.65 37.53 FedAgriMtg C AGM 2.2 10 66.97 +0.61 .36 6.60 2.60 GoldFields GFI 2.4 19 3.74 +0.28 .0455
69.11 47.50 CarMax KMX ... 18 64.42 +0.47 ... 198.39 147.95 ConstBrands B STZ/B .9 28 198.39 +4.94 .47 7.61 6.49 DynexCapital DX 10.4 4 6.93 +0.04 .18 171.08 120.50 FederalRealty FRT 3.1 41 128.27 +1.99 .98 19.47 11.91 Goldcorp GG .6 33 13.02 +0.51 .02
67.30 44.11 Carnival CCL 2.4 17 65.75 0.08 .40 8.85 4.79 Constellium CSTM ... 46 8.25 +0.95 ... 18.06 11.68 FederalSignal FSS 1.6 29 17.87 +0.17 .07 25.60 19.97 GoldmanSachsBDC GSBD 7.9 17 22.76 +0.12 .45
67.21
45.34
44.60
30.37
Carnival
CarpenterTech
CUK
CRS
2.4
1.9
18
48
66.11
37.50
0.06
+0.32
.40
.18
8.34
26.53
3.75
18.35
ContainerStore
ContinentalBldg
TCS
CBPX
...
...
19
21
5.76
22.35
+0.18
0.15
...
... E 33.13
219.99
24.52
158.03
FederatedInvest
FedEx FDX
FII 3.4
.9
14
20
29.22
219.06
+0.30
+0.55
.25
.50
255.15
34.45
155.37
22.30
GoldmanSachs
Gorman-Rupp
GS
GRC
1.3
1.7
12
29
228.60
26.31
+3.32
+0.38
.75
.115
29.11 22.53 CarriageSvcs CSV .7 22 26.70 0.18 .05 60.30 29.08 ContinentalRscs CLR ... dd 32.75 +2.72 ... 9.13 6.00 Felcor FCH 3.4 dd 7.08 0.03 .06 80.56 63.37 GraceWR GRA 1.2 38 71.68 +0.64 .21
29.47 19.90 Cars.com CARS ... ... 24.13 1.70 ... 20.03 11.33 Volaris VLRS ... 19 15.75 +0.01 ... 2.95 1.97 ECA Marcellus ECT 16.0 8 2.15 +0.05 .086 94.00 41.78 Ferrari RACE ... ... 93.90 +7.81 .6794 114.65 69.33 Graco GGG 1.3 cc 108.08 0.42 .36
112.58 77.94 Carters CRI 1.7 17 85.89 1.95 .37 30.92 20.15 Convergys CVG 1.7 19 24.00 +0.06 .10 32.54 23.73 elfBeauty ELF ... dd 25.13 0.97 ... 20.55 4.35 Ferrellgas FGP 8.9 dd 4.48 ... .10 25.00 17.19 Graham GHM 1.8 39 20.00 ... .09
23.70 8.14 Carvana CVNA ... ... 22.93 +1.93 ... 252.05 158.73 Cooper COO .0 38 250.36 +7.63 .03 114.38 77.60 EllieMae ELLI ... 84 111.75 +3.68 ... 19.37 11.80 Ferro FOE ... cc 18.87 +0.61 ... 615.85 440.55 GrahamHoldings GHC .8 22 599.90 +1.05 1.27
5.50 3.05 CastlightHealth CSLT ... dd 4.55 +0.25 ... 118.59 82.50 Cooper-Standard CPS ... 13 107.30 +5.71 ... 73.44 50.08 EMCOR EME .5 20 65.03 1.92 .08 12.02 6.01 FiatChrysler FCAU ... 9 11.99 +0.90 ... 262.71 167.44 Grainger GWW 3.0 18 171.89 7.37 1.28
38.73 21.83 Catalent CTLT ... 42 35.82 +0.19 ... 44.50 29.74 CooperT&R CTB 1.1 9 37.35 +1.20 .105 34.62 26.15 ENI E 5.7 cc 30.38 +0.74 .8715 11.95 5.79 FibriaCelulose FBR ... 19 10.41 +0.76 .2101 31.19 24.09 GramercyProperty GPT 5.0 cc 29.75 0.04 .375
12.58 10.05 CatchMarkTimber CTT 4.7 dd 11.46 +0.07 .135 131.86 62.68 Copa CPA 1.6 17 131.30 +7.95 .51 12.04 4.71 ENSCO ESV .8 2 5.18 +0.41 .01 31.30 21.10 Fidelity&Guaranty FGL .8 11 31.15 +0.05 .065 8.96 2.16 GranayMontero GRAM ... 6 3.15 +0.04 ...
110.00 78.34 Caterpillar CAT 2.9 dd 108.77 +1.85 .78 127.82 96.30 CoreLabs CLB 2.1 70 106.34 +3.66 .55 109.37 78.04 EOG Rscs EOG .7 dd 91.87 +3.43 .1675 45.85 31.64 FidelityNatlFin FNF 2.2 24 45.54 +0.95 .25 62.18 42.59 GranitCnstr GVA 1.0 47 50.36 +0.09 .13
36.72 15.77 Cato CATO 7.8 14 16.95 +0.23 .33 35.33 12.99 CoreCivic CXW 5.9 15 28.38 +0.88 .42 86.98 54.53 EPAM Systems EPAM ... 46 84.25 +0.19 ... 16.15 11.00 FNFV Group FNFV ... 8 15.50 0.40 ... 19.26 18.13 GranitePointMtg GPMT ... ... 19.20 +0.25 ...
72.56 56.23 CedarFairRec FUN 4.8 25 70.87 +0.97 .855 44.16 34.59 CoreLogic CLGX ... 41 43.70 +0.73 ... 7.49 3.29 EP Energy EPE ... dd 3.53 +0.12 ... 89.77 73.25 FidelityNtlInfo FIS 1.3 45 89.58 +2.80 .29 41.52 29.62 GraniteREIT g GRP/U 4.8 7 41.29 +1.69 .1639
8.08 4.70 CedarRealty CDR 3.8 cc 5.20 +0.25 .05 37.25 23.21 CorEnergyInfr CORR 8.6 14 34.90 +1.44 .75 84.67 65.50 EPR Prop EPR 5.6 23 72.79 +1.38 .34 55.28 27.58 58.com WUBA ... cc 50.40 +5.40 ... 14.70 12.00 GraphicPkg GPK 2.2 21 13.89 ... .075
9.75 1.30 Celadon CGI 2.5 36 3.25 +0.45 .02 113.55 64.81 Coresite COR 3.5 63 104.21 +1.14 .90 77.19 49.63 EQT EQT .2 dd 61.88 +3.14 .03 2.40 0.74 FirstAcceptance FAC ... dd 1.13 +0.02 ... 15.45 7.00 GrayTelevision GTN ... 16 14.20 +0.50 ...
99.04 60.59 Celanese A CE 1.9 17 98.68 +2.54 .46 31.18 20.76 Corning GLW 2.0 8 31.07 +0.79 .155 31.76 21.45 EQT GP EQGP 2.6 35 29.63 +0.65 .191 45.75 35.28 FirstAmerFin FAF 3.0 14 45.38 +0.66 .34 14.05 7.05 GrayTelevision A GTN/A ... 14 11.95 +0.40 ...
14.74 9.52 Celestica CLS ... 11 13.64 +0.26 ... 36.03 24.92 CorpOfficeProp OFC 3.2 dd 34.55 0.41 .275 82.99 69.20 EQT Midstream EQM 4.6 15 77.76 +1.46 .89 7.05 4.28 FirstBanCorp FBP ... 14 5.90 0.18 ... 14.60 12.61 GreatAjax AJX 7.9 9 14.10 ... .28
11.19 6.62 CellcomIsrael CEL ... 8 9.75 +0.43 ... 9.50 5.63 Cosan CZZ 1.1 27 6.91 +0.59 .0756 61.40 41.99 ESCO Tech ESE .5 31 60.35 +0.35 .08 14.61 9.25 FirstCmwlthFin FCF 2.5 18 12.78 0.27 .08 30.81 25.85 GreatPlainsEner GXP 3.7 22 29.92 +0.67 .275
12.00 8.52 CementosPacasm CPAC ... 26 11.54 +0.14 ... 10.45 5.07 Costamare CMRE 5.6 12 7.13 +0.16 .10 21.00 2.05 EXCO Res XCO ... dd 2.09 0.10 ... 19.01 11.30 FirstData FDC ... 33 18.41 +0.17 ... 45.62 31.51 GreatWesternBncp GWB 2.0 18 40.03 0.45 .20
10.37 6.44 Cemex CX ... 15 10.26 +0.40 ... 43.66 22.54 Cotiviti COTV ... 59 43.27 +3.65 ... 110.64 73.27 EagleMaterials EXP .4 23 93.25 +0.94 .10 20.84 14.29 FirstHorizonNatl FHN 2.0 18 17.77 +0.26 .09 40.20 21.45 GreenDot GDOT ... 42 40.01 +0.71 ...
16.82 6.76 CenovusEnergy g CVE 2.0 dd 7.32 +0.32 .037 17.38 10.10 Cott COT 1.6 dd 14.81 +0.64 .06 15.71 7.67 EarthstoneEner ESTE ... dd 9.65 +0.29 ... 30.17 24.85 FirstIndRlty FR 2.9 26 28.86 +0.35 .21 51.25 28.95 Greenbrier GBX 2.1 11 41.85 2.00 .22
85.80 50.00 Centene CNC ... 26 82.80 +1.54 ... 30.13 16.95 Coty COTY 2.7 dd 18.38 0.41 .125 21.81 17.94 EasterlyGovtProp DEA 4.9 cc 20.38 0.02 .25 19.15 6.62 FrstMajestcSlvr AG ... 50 7.76 +0.57 ... 32.45 18.10 Greenhill GHL 8.9 12 20.20 ... .45
29.08 21.83 CenterPointEner CNP 3.9 26 27.62 +0.30 .2675 9.10 7.04 CousinsProperties CUZ 2.7 cc 8.80 +0.06 .06 87.40 63.99 EastGroup EGP 3.0 31 82.23 +0.73 .62 11.46 8.01 FirstPotomac FPO 3.6 17 11.18 +0.01 .10 63.04 38.35 Greif A GEF 3.0 35 56.79 0.02 .42
7.70 3.49 CentraisElBras EBR ... 2 4.57 0.21 ... 17.16 13.00 Covanta CVA 7.5 dd 13.40 +0.10 .25 86.28 62.70 EastmanChem EMN 2.4 14 85.40 +1.50 .51 104.17 70.01 FirstRepBank FRC .7 25 101.21 2.06 .17 74.35 50.56 Greif B GEF/B 4.0 28 62.35 1.25 .63
33.55 23.99 CentralPacFin CPF 2.3 20 30.91 1.32 .18 84.00 57.80 Crane CR 1.6 38 83.26 +1.51 .33 17.30 8.55 EastmanKodak KODK ... 13 9.25 +0.40 ... 59.35 39.80 FirstCash FCFS 1.3 33 58.55 +0.40 .19 27.15 15.88 Griffon GFF 1.1 27 21.05 0.60 .06
28.05 17.49 CenturyComm CCS ... 11 25.75 +0.30 ... 10.50 6.86 Crawford A CRD/A 3.9 12 7.23 0.28 .07 5.12 0.35 EastmanKodakWt KODK/WS ... ... .47 +0.05 ... 36.60 27.93 FirstEnergy FE 4.8 dd 30.20 +0.95 .36 83.18 54.70 Group1Auto GPI 1.5 9 62.88 0.13 .24
33.45 22.33 CenturyLink CTL 9.4 23 22.99 0.61 .54 14.37 8.22 Crawford B CRD/B 2.2 14 8.92 0.09 .05 4.11 0.30 EastmanKodakWt KODK/WS/A ... ... .31 ... ... 17.18 4.90 Fitbit FIT ... dd 5.77 +0.53 ... 47.84 29.47 GrubHub GRUB ... 69 45.78 +2.10 ...
10.50 3.52 Cenveo CVO ... 1 6.30 +0.23 ... 188.30 144.23 Credicorp BAP 2.0 14 186.50 +4.47 3.7843 81.63 59.07 Eaton ETN 1.9 19 80.61 +1.25 .60 19.98 8.12 500.com WBAI ... dd 10.82 0.07 ... 117.35 72.52 GpoAeroportuar PAC 3.0 31 116.24 +5.09 1.7303
15.91 10.20 ChannelAdvisor ECOM ... dd 11.30 0.15 ... 16.17 10.77 CreditSuisse CS 4.7 dd 15.29 +0.07 .7161 49.03 34.44 EatonVance EV 2.3 21 48.21 +0.69 .28 6.15 4.52 FiveOaksInvt OAKS 12.2 10 4.92 +0.04 .05 225.03 131.72 GpoAeroportSur ASR ... 32 221.93 +16.59 3.3116
102.32 67.20 CharlesRiverLabs CRL ... 29 100.56 +0.31 ... 17.22 6.97 CrescentPoint g CPG 3.7 dd 7.29 +0.15 .0225 3.81 1.60 EclipseResources ECR ... dd 2.76 +0.05 ... 16.74 13.80 FivePoint FPH ... ... 14.25 +0.24 ... 9.04 7.18 GpoAvalAcciones AVAL 4.7 13 8.63 +0.29 .0339
24.80 16.45 ChathamLodging CLDT 6.5 24 20.25 +0.23 .11 28.30 18.51 CrestwoodEquity CEQP 9.9 dd 24.15 +1.50 .60 134.89 110.65 Ecolab ECL 1.1 31 132.72 +0.10 .37 31.57 25.06 Flagstar FBC ... 12 30.06 0.94 ... 10.21 6.73 GpFinSantandMex BSMX 1.7 16 10.01 +0.46 .1669
13.79 8.91 CheetahMobile CMCM ... dd 10.63 +0.16 ... 20.45 14.10 CrossTimbers CRT 6.8 16 15.06 0.05 .0853 10.36 7.65 Ecopetrol EC ... 27 9.27 +0.49 .1557 176.42 121.52 FleetCorTech FLT ... 31 149.03 +3.93 ... 18.44 11.98 GpoSupervielle SUPV ... 13 17.95 +0.44 .0556
13.66 5.28 Chegg CHGG ... dd 13.66 +1.42 ... 27.94 23.01 CrossAmerPtrs CAPL 9.4 cc 26.16 +0.89 .6175 87.51 69.63 EdgewellPersonal EPC ... 23 72.38 2.03 ... 47.00 29.37 Floor&Decor FND ... ... 39.41 0.19 ... 27.89 19.69 GrupoTelevisa TV .4 69 26.05 +1.21 .0939
216.01 130.05 Chemed CHE .5 30 206.31 +1.30 .26 104.68 79.38 CrownCastle CCI 3.8 87 101.10 +1.63 .95 82.82 67.44 EdisonInt EIX 2.8 18 77.45 +0.62 .5425 16.93 7.68 FlotekIndustries FTK ... dd 9.34 +0.65 ... 33.18 23.29 GuangshenRail GSH 2.3 21 24.84 0.35 .5799
46.02 8.39 Chemours CC .3 83 44.76 +4.67 .03 60.28 51.15 CrownHoldings CCK ... 16 60.23 +0.42 ... 48.87 36.98 EducationRealty EDR 4.1 87 38.20 +0.19 .39 21.00 14.35 FlowersFoods FLO 3.9 23 17.55 +0.24 .17 18.68 9.56 Guess GES 7.2 40 12.45 0.03 .225
19.14 14.94 CherryHillMtg CHMI 10.4 3 18.86 +0.35 .49 20.30 11.81 CryoLife CRY ... 64 19.70 0.10 ... 121.75 81.12 EdwardsLife EW ... 39 116.92 1.25 ... 52.10 39.13 Flowserve FLS 1.6 50 46.17 0.14 .19 71.22 49.18 GuidewireSoftware GWRE ... cc 70.40 0.10 ...
8.20 4.30 ChesapeakeEner CHK ... dd 4.87 +0.33 ... 31.94 22.83 CubeSmart CUBE 4.5 47 23.77 +0.34 .27 12.43 8.11 eHiCarServices EHIC ... 68 9.80 ... ... 58.37 43.65 Fluor FLR 1.9 27 45.16 0.18 .21
55.45 42.49 ElPasoElectric EE 2.6 21 51.05 ... .335
3.85
27.08
1.96
20.81
ChesapeakeGranite
ChesapeakeLodging
CHKR
CHSP
17.1
6.4
11
23
2.35
25.19
+0.05
+0.40
.1005
.40
55.65
99.20
39.50
65.07
Cubic
Cullen/Frost
CUB
CFR
.6
2.4
dd
20
47.35
95.83
+0.25
+0.38
.135
.57 5.00
9.48
2.38
6.80
EldoradoGold g
ElevateCredit
EGO
ELVT
1.3
...
56
...
2.41
9.38
0.01
+1.31
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...
14.45
103.35
10.66
73.45
FlyLeasing
FomentoEconMex
FLY
FMX
...
1.3
dd
33
13.88
102.90
+0.55
+5.96
...
.673 H
77.75 57.63 ChesapeakeUtil CPK 1.7 28 75.60 1.05 .325 37.80 26.72 Culp CULP 1.0 18 32.45 1.40 .21 79.43 44.87 FootLocker FL 2.6 10 48.42 1.56 .31
18.04 15.30 EllingtonFin EFC 11.1 24 16.25 +0.05 .45 91.03 67.00 HCA Healthcare HCA ... 12 86.64 +0.50 ...
119.00 97.53 Chevron CVX 4.1 68 104.44 +0.95 1.08 166.84 116.02 Cummins CMI 2.6 19 165.86 +1.16 1.08 15.74 12.21 EllingtonResiMtg EARN 10.8 10 14.76 +0.07 .40 14.04 10.67 FordMotor F 5.1 12 11.68 +0.42 .15
39.71 12.91 ChicagoB&I CBI ... dd 17.46 0.32 .07 107.61 82.77 CurtissWright CW .6 22 93.50 +0.43 .13 8.33 1.81 ForesightEnergy FELP ... dd 4.45 0.12 ... 50.93 24.35 HCI Group HCI 3.1 13 45.79 1.17 .35
16.85 8.44 Chico'sFas CHS 3.8 12 8.68 0.47 .0825 24.12 19.66 EmbotellAndinaA AKO/A 3.0 23 22.50 0.40 .1705 36.81 27.61 HCP HCP 4.7 15 31.76 +0.55 .37
36.93 24.37 CustomersBancorp CUBI ... 12 28.54 0.58 ... 26.64 20.96 EmbotellAndinaB AKO/B 3.0 26 25.02 0.88 .1875 24.73 17.79 ForestCIty A FCE/A 1.5 dd 24.42 +0.77 .09
20.90 14.70 ChimeraInvt CIM 10.7 6 18.65 +0.18 .50 14.27 6.63 CypressEnergy CELP 11.7 dd 7.15 0.11 .21 17.77 10.60 Forestar FOR ... 9 17.40 +0.40 ... 7.27 3.80 HC2 Holdings HCHC ... dd 6.22 +0.16 ...
10.51 4.27 ChinaCordBlood CO ... 41 10.03 +0.21 ... 24.95 17.06 Embraer ERJ ... 33 19.36 +0.57 .0497 91.12 59.00 HDFC Bank HDB .6 ... 90.84 +2.85 .513
23.37 18.67 EmeraldExpo EEX ... ... 22.12 0.01 .07 35.73 29.14 Fortis g FTS 3.5 17 34.90 +0.27 .3058
16
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13.83 7.93 ChinaDistanceEd DL ... 11 7.98 0.11 .45 65.21 46.81 Fortive FTV .4 25 64.56 +0.71 .07 35.93 24.84 HFF HF ... 34.97 0.84 1.57
30.90 21.38 ChinaEastrnAir CEA ... 12 29.87 0.43 .3554 24.45 7.72 EmergeEnergy EMES ... dd 8.71 +0.54 ... 56.96 37.24 HNI HNI 2.9 23 39.60 0.43 .285
36.64 24.47 EmergentBiosol EBS ... 29 34.50 +0.51 ... 8.05 4.50 FortressInvt FIG 4.5 24 8.02 0.01 .09
19.58 13.55 HP HPQ 2.9 13 18.42 +1.07 .1327
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

1.68 1.18 ChinaGreenAg CGA ... 2 1.25 0.02 ... 27 16.79 9.78 FortressTransport FTAI 8.0 dd 16.43 +0.60 .33
16.58 11.10 ChinaLifeIns LFC 1.1 31 16.21 +0.85 .1741 42.45 29.70 DCP Midstream DCP 8.9 21 35.03 +1.17 .78 64.36 49.22 EmersonElectric EMR 3.2 60.18 +0.71 .48 20.17 13.76 HRG Group HRG ... dd 17.56 0.04 ...
22.31 18.62 EmpireStateRealty ESRT 2.0 54 20.53 +0.15 .105 9.75 4.11 FortunaSilver FSM ... 21 4.77 +0.30 ...
63.89 51.30 ChinaMobile CHL 3.0 13 53.16 +1.41 .7961 55.69 42.96 DCT Industrial DCT 2.3 69 53.45 +0.45 .31 67.50 52.05 FortBrandsHome FBHS 1.1 24 67.10 +1.17 .18 48.30 31.65 HSBC HSBC 4.1 cc 48.21 +1.26 .50
1.75 0.97 ChinaNewBorun BORN ... 3 1.33 +0.01 ... 19.92 8.11 DDR DDR 7.9 dd 9.62 +0.54 .19 43.75 27.01 EmployersHldgs EIG 1.4 13 42.35 0.90 .15 43.62 29.17 Haemonetic HAE ... dd 40.26 +1.27 ...
37.12 15.03 EmpresaDisCom EDN ... dd 30.73 0.50 ... 26.25 14.05 ForumEnergyTech FET ... dd 15.25 +0.75 ...
25.24 12.45 ChinaOnlineEduc COE ... dd 17.01 +0.44 ... 8.43 2.40 DHI Group DHX ... dd 2.75 +0.20 ... 17.91 11.22 FdnBuilding FBM ... ... 12.22 +0.25 ... 14.94 3.69 HalconRscs HK ... dd 6.78 +2.58 ...
84.88 67.82 ChinaPetrol SNP 6.4 11 77.59 +0.08 2.4681 5.47 3.29 DHT DHT 7.3 dd 4.36 0.01 .08 17.36 11.95 EnableMidstream ENBL 8.0 21 15.89 +0.31 .318 3.77 0.25 HalconRscsWt HK/WS ... ... 1.30 +0.71 ...
25.36 14.45 EnbridgeEnergy EEQ ... dd 15.68 +0.12 ... 25.94 16.71 FourCornersProp FCPT 3.9 19 25.10 0.14 .2425
8.38 5.60 ChinaRapidFin XRF ... ... 7.15 +1.22 ... 9.10 2.84 DRDGOLD DRD 11.6 40 2.95 0.05 .0857 81.16 53.31 Franco-Nevada FNV 1.3 72 71.27 +1.57 .23 58.78 40.12 Halliburton HAL 1.6 dd 44.22 +2.44 .18
43.35 25.60 ChinaSoAirlines ZNH 1.8 13 39.71 0.86 .7314 64.33 47.26 DST Systems DST 1.2 14 61.99 +0.51 .18 26.37 14.68 EnbridgeEnPtrs EEP 8.4 dd 16.63 +0.57 .35 41.84 31.59 HalyardHealth HYH ... 49 39.36 +0.07 ...
45.77 37.37 Enbridge g ENB 4.4 36 40.85 +1.04 .4459 15.14 7.02 Frank'sIntl FI 3.5 dd 8.53 +0.63 .075
53.87 45.58 ChinaTelecom CHA 2.8 15 48.29 +1.67 1.3512 26.22 15.98 DSW DSW 4.7 12 17.02 0.47 .20 22.45 15.20 FranklinCovey FC ... dd 19.05 0.05 ... 28.24 18.91 Hanesbrands HBI 2.6 16 22.69 0.24 .15
15.15 10.01 ChinaUnicom CHU ... cc 14.41 +0.94 ... 111.35 89.66 DTE Energy DTE 3.1 19 105.39 +0.13 .825 13.85 7.45 Encana ECA .6 dd 9.45 +1.06 .015 25.21 18.02 HannonArmstrong HASI 5.8 58 22.76 0.04 .33
5.95 2.75 EndeavourSilver EXK ... 37 2.92 +0.12 ... 44.30 29.85 FranklinFin FSB ... 16 39.60 2.10 ...
3.65 1.06 ChinaXiniyaFash XNY ... ... 1.52 0.03 ... 58.33 49.43 DTE EnergyUn DTV 6.0 ... 53.78 +0.17 .8125 46.61 33.02 FranklinRscs BEN 1.7 15 46.27 +0.85 .20 92.78 74.06 HanoverIns THG 2.2 32 89.99 +0.74 .50
20.97 10.43 ChinaYuchai CYD ... 8 20.49 +0.62 .90 80.83 64.06 DXC Tech DXC ... dd 78.51 +1.05 .18 4.55 3.05 EnduroRoyalty NDRO 5.3 14 3.40 +0.10 .015 63.40 47.03 HarleyDavidson HOG 2.8 15 51.62 0.88 .365
10.77 7.67 EnelAmericas ENIA 3.5 27 10.15 +0.24 .177 17.06 9.24 Freeport-McMoRan FCX ... 46 12.60 +0.70 ...
1.95 0.79 ChinaZenixAuto ZX ... dd 1.79 +0.10 ... 23.90 11.24 Dana DAN 1.0 5 23.72 +0.99 .06 50.22 38.05 FreseniusMed FMS 1.1 22 49.30 +1.46 .5303 4.87 1.56 HarmonyGold HMY 4.6 4 1.72 +0.13 .0395
499.00 352.96 Chipotle CMG ... cc 395.83 18.06 ... 88.01 75.71 Danaher DHR .7 26 85.00 +1.93 .14 6.08 4.25 EnelChile ENIC ... 9 5.73 +0.21 .1835 116.09 84.70 Harris HRS 1.8 26 115.18 +2.37 .53
27.52 18.35 EnelGenChile EOCC 8.2 9 23.47 +0.61 .9591 66.86 48.87 FreshDelMonte FDP 1.2 14 51.62 +0.73 .15
67.80 43.70 ChoiceHotels CHH 1.3 25 64.20 +0.85 .215 4.90 1.25 Danaos DAC ... dd 2.55 +0.97 ... 8.90 5.35 Frontline FRO 9.7 15 6.19 +0.53 .15 17.08 8.22 Harsco HSC ... dd 16.30 0.05 ...
27.60 18.01 DaqoNewEnergy DQ ... 4 21.40 +1.00 ... 64.44 43.70 Energen EGN ... 70 49.49 +1.86 ... 1.96 0.93 HarteHanks HHS ... dd .97 0.01 ...
2.42 1.04 Christopher&Banks CBK ... dd 1.28 ... ... 60.07 41.97 Energizer ENR 2.4 15 46.43 0.82 .275 54.32 41.52 FullerHB FUL 1.2 23 51.43 0.47 .15
148.32 121.48 Chubb CB 2.0 14 145.18 1.34 .71 95.22 59.50 Darden DRI 2.8 23 88.95 1.22 .63 53.50 38.92 HartfordFinl HIG 1.7 22 53.36 +0.63 .23
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

20.05 13.77 EnergyTrfrEquity ETE 6.3 21 18.04 +0.29 .285 16.58 10.24 FutureFuel FF 1.6 13 15.04 0.06 .06
38.47 31.28 ChunghwaTelecom CHT 4.5 ... 36.29 +1.01 1.6294 16.75 11.51 DarlingIngred DAR ... 26 16.63 +0.71 ... 47.72 31.88 HartfordFinSvcsWt HIG/WS ... ... 47.72 +0.68 ...
11 31.49 18.31 EnergyTransfer ETP 10.5 9 20.45 +0.25 .535 16
G
54.18 42.56 Church&Dwight CHD 1.4 29 52.62 +0.62 .19 78.50 54.50 DaVita DVA ... 64.70 +1.28 ... 26.30 16.57 HavertyFurn HVT 2.2 22.30 0.35 .12
34 22.31 14.80 DeanFoods DF 2.3 20 15.35 0.84 .09 10.33 5.61 Enerplus g ERF 1.1 3 8.45 +0.75 .0075 26.05 17.04 HavertyFurn A HVT/A 2.1 16 21.70 1.15 .1125
27.98 18.50 Ciena CIEN ... 25.67 +0.09 ... 84.74 60.84 EnerSys ENS 1.0 20 72.31 0.14 .175
174.27 115.03 Cigna CI .0 23 173.80 +4.19 .04 72.72 44.00 DeckersOutdoor DECK ... cc 65.02 1.95 ... 34.08 28.31 HawaiianElec HE 3.9 14 32.06 0.25 .31
129.00 76.73 Deere DE 1.9 23 125.47 1.17 .60 39.16 25.45 Engility EGL ... dd 29.68 +0.37 ... 8.75 4.54 GAIN Capital GCAP 3.7 59 6.52 +0.36 .06 36.60 26.66 HealthcareRealty HR 3.7 35 32.87 0.47 .30
146.96 89.49 CimarexEnergy XEC .3 dd 93.82 +2.22 .08 20.45 14.70 EnLinkMid ENLC 5.7 dd 17.95 +0.70 .255
25.65 16.05 CincinnatiBell CBB ... 5 17.35 2.00 ... 36.05 21.30 DelekLogistics DKL 8.3 17 33.25 +1.05 .69 35.62 27.55 GAMCO Investors GBL .3 8 30.31 +0.08 .02 34.64 26.34 HealthcareAmer HTA 4.0 91 29.97 0.17 .30
27.82 11.66 DelekUS DK ... dd 25.59 1.05 ... 19.89 15.07 EnLinkMidPtrs ENLK 9.1 dd 17.12 +0.52 .39 66.30 40.66 GATX GATX 2.7 10 61.80 1.59 .42 49.71 36.97 HealthSouth HLS 2.1 17 45.86 1.49 .24
44.84 36.08 Cinemark CNK 3.1 16 37.98 +0.40 .29 19.33 14.40 Ennis EBF 4.2 18 19.25 +0.20 .20
33.19 26.80 CinerRscs CINR 8.3 13 27.49 +0.15 .567 69.72 42.02 DellTechnologies DVMT ... dd 61.20 0.31 ... 34.23 25.10 GCPAppliedTechs GCP ... 58 30.85 +0.20 ... 7.64 4.61 HeclaMining HL .2 21 5.19 +0.22 .0025
93.43 60.50 DelphiAutomotive DLPH 1.3 21 91.43 +2.31 .29 16.80 7.77 EnovaIntl ENVA ... 14 16.35 +1.20 ... 34.32 10.84 GEO Group GEO 6.1 24 30.63 +1.13 .47 78.11 52.06 Heico HEI .2 38 76.97 +1.13 .08
72.96 48.11 CircorIntl CIR .3 87 58.21 +0.26 .0375 75.71 45.35 EnPro NPO 1.2 cc 73.39 0.59 .22
68.91 42.50 Citigroup C 1.0 13 66.72 1.19 .16 55.75 35.84 DeltaAir DAL 1.5 11 55.13 0.33 .2025 17 32.10 21.05 GGP GGP 3.7 19 23.59 +0.83 .22 67.95 40.86 Heico A HEI/A .2 33 66.20 +0.05 .08
85.49 53.21 DelticTimber DEL .5 90 74.06 +1.75 .10 16.55 9.55 Entercom ETM 3.1 9.70 0.25 .075 36.99 20.23 GMS GMS ... 24 29.32 +1.27 ... 11.87 4.82 HelixEnergy HLX ... dd 5.70 +0.53 ...
0.20 0.02 CitigroupWt19 C/WS/A ... ... .14 0.01 ... 82.00 66.71 Entergy ETR 4.6 dd 75.49 0.30 .87
39.75 20.74 CitizensFin CFG 1.5 17 36.24 0.83 .14 75.94 59.47 Deluxe DLX 1.7 15 70.62 +0.10 .30 27.93 6.51 GNC Holdings GNC 10.0 dd 8.04 0.29 .20 85.78 49.46 Helmerich&Payne HP 5.1 dd 55.35 +2.47 .70
4.29 1.27 DenburyRscs DNR ... dd 1.57 +0.05 ... 28.00 22.31 EntergyBds ENO 5.3 ... 26.05 0.14 .3438 17.96 5.77 GOLLinhas GOL ... 7 14.46 +1.30 ... 74.49 47.62 Herbalife HLF ... 26 73.34 +0.83 ...
11.93 5.86 Citizens CIA ... 62 7.68 +0.40 ... 30.25 24.01 EnterpriseProd EPD 6.1 22 27.71 +0.47 .42
13.93 11.43 CityOfficeREIT CIO 7.6 cc 12.41 0.04 .235 19.48 9.99 DeutscheBank DB 1.1 dd 18.86 0.19 .2024 8.00 4.90 Entravision EVC 1.8 30 6.80 +0.25 .0313 30.00 19.59 GP Strategies GPX ... 22 27.00 +0.30 ... 52.96 28.66 HercHoldings HRI ... dd 45.01 +3.94 ...
3.73 1.00 Civeo CVEO ... dd 2.24 +0.11 ... 50.69 28.79 DevonEnergy DVN .8 57 31.65 +2.11 .06 41.47 30.80 Envestnet ENV ... dd 38.60 +0.55 ... 34.20 19.76 GTT Comm GTT ... dd 30.40 0.85 ... 15.68 12.29 HerculesCapital HTGC 9.2 21 13.44 +0.17 .31
23.20 15.40 CivitasSolutions CIVI ... 39 17.85 +0.25 ... 123.48 99.46 Diageo DEO 1.9 25 121.75 +3.46 1.1808 80.01 53.12 EnvisionHlthcr EVHC ... dd 61.79 +0.14 ... 26.83 5.92 Gafisa GFA ... dd 7.50 +1.05 ... 16.48 11.25 HeritageInsurance HRTG 2.0 11 12.19 0.42 .06
61.62 43.03 CleanHarbors CLH ... dd 55.44 +0.76 ... 26.49 10.06 DiamondOffshore DO ... dd 11.30 +1.08 ... 30.60 21.02 EnvivaPartners EVA 7.9 37 28.10 +0.65 .555 59.11 47.16 Gallagher AJG 2.7 24 57.61 0.10 .39 22.14 16.80 HershaHospitality HT 6.1 6 18.35 +0.08 .28
7.31 3.35 ClearChannelOutdr CCO ... dd 4.30 0.14 .7797 12.00 8.73 DiamndrckHspty DRH 4.3 22 11.75 +0.31 .125 12.04 4.88 EnzoBiochem ENZ ... 16 11.79 +0.52 ... 32.67 20.10 GameStop GME 7.2 6 21.02 +0.11 .38 116.49 94.03 Hershey HSY 2.3 37 105.47 0.44 .618
69.75 43.60 ClearwaterPaper CLW ... 21 48.45 +3.70 ... 6.20 2.21 DianaShipping DSX ... dd 4.06 +0.25 ... 144.01 110.87 Equifax EFX 1.1 31 139.77 +1.40 .39 14.42 7.30 Gannett GCI 7.3 cc 8.79 +0.25 .16 53.14 8.52 HertzGlobal HTZ ... dd 15.22 +3.54 ...
12.37 4.91 CliffsNatRscs CLF ... 42 7.39 +0.68 ... 62.88 35.87 Dick's DKS 1.8 14 37.12 2.76 .17 32.51 28.04 EquityCommnwlth EQC ... 20 31.71 +0.24 ... 30.74 21.02 Gap GPS 4.0 13 23.28 +0.64 .23 65.56 39.89 Hess HES 2.3 dd 43.96 +2.17 .25
15.00 10.07 ClipperRealty CLPR 3.2 ... 11.94 0.25 .095 31.85 19.95 DieboldNixdorf DBD 1.9 dd 21.25 +0.25 .10 87.76 65.87 EquityLife ELS 2.3 43 85.16 +0.18 .4875 24.55 19.91 GardnerDenver GDI ... ... 22.08 +1.41 ... 26.78 18.62 HessMidstream HESM ... ... 20.30 +0.28 ...
141.76 111.24 Clorox CLX 2.5 26 131.90 2.48 .84 121.53 85.63 DigitalRealty DLR 3.3 48 112.43 +2.28 .93 71.09 58.28 EquityResdntl EQR 3.1 51 65.46 +0.48 .5038 128.29 84.54 Gartner IT ... 59 126.83 +1.46 ... 19.16 14.73 HewlettPackard HPE 1.5 13 17.19 +0.58 .065
8.04 2.42 CloudPeakEnergy CLD ... 6 3.72 +0.19 ... 35.95 22.50 DigitalGlobe DGI ... cc 33.55 +0.15 ... 3.00 1.56 EquusTotReturn EQS ... 8 2.25 0.03 ... 17.85 12.32 GasLog GLOG 3.3 dd 16.80 +1.15 .14 55.91 41.03 Hexcel HXL .8 20 54.36 +0.53 .11
23.35 15.40 Cloudera CLDR ... ... 17.01 +0.35 ... 77.70 45.51 Dillard's DDS .5 12 59.20 +3.31 .07 17.73 6.92 EraGroup ERA ... dd 9.52 +0.22 ... 25.20 18.82 GasLogPartners GLOP 8.3 10 24.20 +1.20 .50 23.30 9.00 Hi-Crush HCLP ... dd 9.85 +0.65 ...
17.60 10.80 ClubCorp MYCC 3.0 cc 17.10 +4.00 .13 88.00 42.01 DineEquity DIN 9.0 9 43.03 +0.41 .97 19.87 8.65 ErosIntl EROS ... cc 11.80 +0.25 ... 10.97 8.32 Gazit-Globe GZT ... 2 9.64 0.04 .0974 56.23 45.83 HighwoodsProp HIW 3.5 42 50.20 +0.10 .44
48.12 34.07 Coach COH 2.8 26 47.99 +0.31 .3375 38.94 12.25 DiplomatPharmacy DPLO ... 61 15.16 +0.65 ... 39.61 23.23 EssentGroup ESNT ... 15 38.79 0.40 ... 14.99 3.62 GencoShipping GNK ... dd 10.91 +1.85 ... 5.70 1.95 HillIntl HIL ... dd 5.20 0.15 ...
25.20 2.12 CobaltIntlEner CIE ... dd 2.41 +0.03 ... 74.33 53.91 DiscoverFinSvcs DFS 2.0 10 61.26 0.11 .30 268.97 200.01 EssexProp ESS 2.8 33 253.52 2.22 1.75 6.40 3.52 Gener8Maritime GNRT ... 14 5.73 +0.12 ... 84.65 49.90 Hill-Rom HRC .9 36 84.17 +2.29 .18
46.06 39.88 Coca-Cola KO 3.3 31 44.68 +0.29 .37 116.10 90.32 Disney DIS 1.5 18 105.09 +1.77 .78 98.40 75.30 EsteeLauder EL 1.4 32 95.31 +1.03 .34 44.84 32.34 Generac GNRC ... 23 36.03 0.11 ... 39.00 28.60 Hillenbrand HI 2.3 19 35.95 +0.35 .205
42.56 30.55 Coca-Cola Euro CCE 2.1 30 42.48 +2.00 .2235 55.02 44.99 DolbyLab DLB 1.1 28 51.36 +1.11 .14 102.70 59.56 EsterlineTechs ESL ... 22 98.75 +1.30 ... 20.80 11.70 GeneralCable BGC 4.4 dd 16.55 +0.20 .18 30.60 21.04 Hilltop HTH .9 18 26.00 0.53 .06
89.67 59.44 Coca-Cola Femsa KOF 2.0 26 89.22 +5.11 .8805 96.88 65.97 DollarGeneral DG 1.5 16 71.14 +0.91 .26 38.80 26.75 EthanAllen ETH 2.5 21 30.60 +0.60 .19 205.17 140.87 GeneralDynamics GD 1.7 21 201.15 0.11 .84 37.73 24.60 HiltonGrandVac HGV ... ... 36.35 +1.04 ...
16.41 7.30 CoeurMining CDE ... 15 8.25 +0.42 ... 13.65 7.92 DominionDiamond DDC 3.0 dd 13.48 +0.89 .20 9.51 6.65 Euronav EURN ... 11 8.00 +0.35 .22 33.00 25.85 GeneralElec GE 3.6 25 26.78 +0.63 .24 67.79 44.73 Hilton HLT 1.0 cc 62.45 +0.69 .15
43.83 33.16 Cohen&Steers CNS 2.7 20 41.66 0.03 .28 81.65 69.51 DominionEner D 3.9 21 76.55 +0.76 .755 83.30 47.31 EvercorePtrs EVR 1.9 18 72.00 +0.40 .34 72.70 53.24 GeneralMills GIS 3.6 19 53.74 +0.11 .49 20.65 17.05 HoeghLNG Ptrs HMLP 9.0 10 19.20 +0.10 .43
41.99 27.58 Colfax CFX ... 35 40.91 +1.65 ... 54.16 47.26 DominionEnerUn DCUD 6.7 ... 50.52 +0.42 .8438 268.38 176.51 EverestRe RE 1.9 10 263.75 +0.54 1.25 38.55 29.82 GeneralMotors GM 4.2 6 36.35 +1.41 .38 38.09 29.53 HollyEnergy HEP 7.4 26 33.60 +0.22 .62
77.27 63.43 Colgate-Palmolive CL 2.2 26 72.49 0.85 .40 33.70 23.17 DominionEnerMid DM 3.9 21 28.35 +0.30 .274 7.79 1.21 Everi EVRI ... dd 7.52 +0.27 ... 20.43 12.05 GeneralMotorsWt19 GM/WS/B ... ... 18.40 +1.15 ... 34.78 22.63 HollyFrontier HFC 4.9 dd 26.96 0.13 .33
16.09 11.15 ColonyNorthStar CLNS 7.4 cc 14.62 +0.23 .27 221.58 134.78 Domino's DPZ .9 45 209.21 3.11 .46 63.34 50.56 EversourceEner ES 3.2 20 60.22 +0.15 .475 74.21 30.65 Genesco GCO ... 7 32.00 0.90 ... 160.86 119.20 HomeDepot HD 2.3 23 152.88 +0.65 .89
35.76 26.74 ColonyStarwood SFR 2.5 dd 34.65 +0.76 .22 44.58 33.99 Domtar UFS 4.2 17 39.07 +2.36 .415 18.60 14.15 Evertec EVTC 2.3 17 17.50 +0.40 .10 80.73 61.44 Genesee&Wyoming GWR ... 29 68.29 0.57 ... 32.17 25.76 HondaMotor HMC ... 9 27.63 +0.37 ...
24.63 20.27 ColumbiaProperty CXP 3.6 cc 22.49 +0.29 .20 48.91 34.95 Donaldson DCI 1.5 28 46.76 +1.16 .175 27.50 14.50 EvolentHealth EVH ... dd 26.70 +1.05 ... 40.90 28.16 GenesisEnergy GEL 9.1 35 31.79 +0.54 .7225 135.93 105.25 Honeywell HON 2.0 22 135.83 +1.71 .665
75.72 43.23 Comerica CMA 1.4 22 74.26 0.41 .26 29.00 18.02 DonnelleyFin DFIN ... 14 22.70 +0.34 ... 37.70 29.82 Exelon EXC 3.6 17 36.06 +0.48 .3275 4.75 1.44 GenesisHealthcare GEN ... dd 1.50 0.16 ... 44.15 33.30 HoraceMannEdu HMN 3.0 20 36.20 1.70 .275
46.25 15.00 ComericaWt CMA/WS ... ... 45.92 +0.65 ... 12.50 5.07 DorianLPG LPG ... dd 8.34 +0.65 ... 16.38 5.96 Express EXPR ... 12 6.33 0.13 ... 8.31 5.07 GenieEnergy GNE 4.5 dd 6.67 0.26 .075 26.37 11.80 HorizonGlobal HZN ... dd 14.56 +0.72 ...
39.67 26.05 ComfortSystems FIX .8 22 36.70 +0.40 .075 35.90 25.23 DouglasDynamics PLOW 3.1 23 31.30 0.55 .24 19.98 13.00 ExtendedStayAmer STAY 4.4 52 19.25 +0.02 .21 28.27 22.58 Genpact G .9 22 27.90 +0.32 .06 40.00 32.26 HormelFoods HRL 2.1 20 32.83 0.37 .17
24.64 14.58 CommercialMetals CMC 2.4 31 19.83 +0.60 .12 40.79 33.78 DouglasEmmett DEI 2.4 66 37.80 0.26 .23 34.05 11.87 Exterran EXTN ... dd 27.76 +1.79 ... 105.18 83.28 GenuineParts GPC 3.2 18 83.35 3.51 .675 9.30 1.51 HornbeckOffshore HOS ... dd 2.76 +0.26 ...
63.04 42.11 CommBkSys CBU 2.3 23 54.90 1.64 .32 84.68 65.50 Dover DOV 2.1 23 84.32 +1.15 .44 94.30 68.09 ExtraSpaceSt EXR 4.1 28 76.68 +0.15 .78 5.27 2.67 GenworthFin GNW ... dd 3.57 0.08 ... 37.44 26.69 DR Horton DHI 1.1 14 36.70 +0.91 .10
13.59 4.15 CommunityHlthSys CYH ... dd 9.26 0.18 ... 1.21 0.92 DoverDowns DDE ... 56 1.12 ... ... 95.55 79.26 ExxonMobil XOM 3.8 34 81.28 +1.06 .77 9.22 3.05 GeoPark GPRK ... dd 9.07 +1.25 ... 20.21 14.69 HostHotels HST 4.4 18 18.15 0.11 .20
26.50 19.61 CommunityHlthcr CHCT 6.1 95 25.52 0.63 .39 2.54 1.80 DoverMotorsports DVD 2.4 21 2.10 +0.05 .05 4.39 2.02 Gerdau GGB .7 dd 3.37 +0.16 .0058 37.25 22.61 HoulihanLokey HLI 2.2 23 36.59 +0.65 .20
11.22 7.76 SABESP SBS ... 8 10.65 +1.06 .3626 66.42 51.46 DowChemical DOW 2.8 18 66.24 +2.35 .46 26.71 21.71 GettyRealty GTY 4.8 20 23.31 1.95 .28 2.98 1.52 Hovnanian HOV ... 29 2.45 0.43 ...
4.75 2.05 EngGr-Cmg C CIG/C ... 17 2.78 +0.20 .4559 99.47 81.05 DrPepperSnap DPS 2.6 20 90.32 +1.06 .58 F 61.25 28.50 Gigamon GIMO ... 32 38.30 0.75 ... 131.39 101.20 HowardHughes HHC ... 81 120.88 +0.81 ...
3.84 2.06 EngGr-Cmg CIG ... 17 2.77 +0.28 .0368 54.58 37.03 DrReddy'sLab RDY .7 39 41.86 +0.22 .3104 32.20 23.55 Gildan GIL 1.2 15 30.19 0.64 .0935 31.85 22.84 HuanengPower HNP 5.9 14 28.56 +0.88 1.6824
11.94 7.15 COPEL ELP ... 6 8.21 +0.60 .2696 69.40 46.60 Dril-Quip DRQ ... 34 50.70 +3.05 ... 38.59 19.81 FB Financial FBK ... 20 34.76 1.58 ... 12.90 2.96 GlassBridgeEnts GLA ... dd 4.22 +0.37 ... 125.93 101.15 Hubbell HUBB 2.4 22 115.74 +1.47 .70
4.24 1.76 CiaSiderurgica SID ... 14 2.38 +0.23 ... 4.88 2.88 DriveShack DS ... dd 3.07 +0.05 ... 82.60 59.75 FBL Financial FFG 2.7 15 65.05 +0.40 .44 25.59 17.50 Glatfelter GLT 2.6 54 19.97 +0.64 .13 78.50 44.90 HubSpot HUBS ... dd 71.90 +6.70 ...
27.28 19.31 CerveceriasUnid CCU 2.5 27 26.63 +0.59 .331 84.97 66.02 DuPont DD 1.8 31 84.75 +2.72 .38 50.33 34.24 FCB Financial FCB ... 18 47.35 1.05 ... 52.49 28.26 Glaukos GKOS ... cc 39.78 3.04 ... 9.15 3.57 HudbayMinerals g HBM .2 dd 6.45 +0.75 .0076
19.50 15.90 CompassDiversif CODI 8.1 58 17.75 +0.05 .36 35.58 18.70 Ducommun DCO ... 26 32.03 0.46 ... 77.38 44.40 FMC FMC .9 cc 76.49 +1.90 .165 45.58 37.20 GlaxoSmithKline GSK 4.6 51 42.75 +0.49 .4904 1.04 0.07 HudbayMineralsWt HBM/WS ... ... .21 +0.06 ...
84.40 62.70 CompassMnlInt CMP 4.3 17 66.40 +0.85 .72 87.49 72.34 DukeEnergy DUK 4.2 27 83.84 +0.42 .89 16.43 11.75 FNB FNB 3.4 19 14.15 0.19 .12 39.85 22.75 GlobalBrass BRSS .5 19 32.40 +1.70 .0375 36.75 30.63 HudsonPacProp HPP 3.1 92 32.33 0.35 .25
13.42 2.64 ComstockRscs CRK ... dd 6.92 +0.12 ... 29.25 22.97 DukeRealty DRE 2.7 29 27.83 +0.13 .19 47.12 32.81 FTIConsulting FCN ... 20 33.60 0.14 ... 11.38 6.73 GlobalMedREIT GMRE 8.8 dd 9.08 +0.23 .20 2.75 1.55 HugotonRoyalty HGT 6.5 20 1.85 +0.05 .0101
41.68 32.93 ConagraBrands CAG 2.4 23 33.58 +0.16 .20 141.57 100.46 D&B DNB 1.9 46 108.62 +2.37 .5025 49.63 31.97 Fabrinet FN ... 19 44.98 +1.09 ... 26.46 20.76 GlobalNetLease GNL 9.7 28 22.03 +0.27 .1775 243.74 150.00 Humana HUM .7 24 239.09 +0.86 .40
147.55 112.73 ConchoRscs CXO ... cc 124.79 +4.04 ... 66.18 37.54 DupontFabros DFT 3.3 35 60.58 +0.97 .50 183.64 150.95 FactSet FDS 1.4 19 163.38 +1.34 .56 21.95 13.00 GlobalPtnrs GLP 10.4 dd 17.80 +0.40 .4625 220.68 146.52 HuntingtonIngalls HII 1.2 17 198.15 +5.25 .60
4.96 3.22 ConcordMed CCM ... dd 4.07 +0.07 ... 110.64 70.33 DycomInds DY ... 17 89.04 2.69 ... 142.99 109.77 FairIsaac FICO .1 35 141.84 +1.26 .02 93.52 64.63 GlobalPayments GPN .1 55 91.86 +2.87 .0133 28.20 14.16 Huntsman HUN 1.9 19 26.96 +0.63 .125
 July 17, 2017 BARRONS M17

New York Stock Exchange Composite List

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. NYSE CUMULATIVE DAILY BREADTH vs DJIA
59.30 47.94 HyattHotels H ... 30 54.97 0.35 ... 59.67 35.16 Kohl's KSS 5.7 11 38.81 +0.57 .55 32.47 17.13 MaxLinear MXL ... 41 28.78 +0.62 ...
76.50 47.25 HysterYaleMatls HY 1.7 23 71.49 +1.73 .3025 38.21 25.50 KoninklijkePhil PHG 2.4 19 36.65 +0.98 .8976 19.77 8.01 McClatchy MNI ... dd 8.99 0.21 ...
45.85 28.54 Koppers KOP ... 22 36.55 +0.55 ... 106.50 88.64 McCormick MKC 1.9 26 97.67 +1.92 .47 Powerful Breadth: NYSE cumulative breadth followed soaring stock
I 28.37
36.07
17.36
19.94
KoreaElcPwr
KornFerry
KEP
KFY
...
1.2
5
23
18.68
34.35
+0.26
0.27
...
.10
106.58
8.33
89.14
4.41
McCormickVtg
McDermottIntl
MKC/V
MDR
1.9
...
26
...
97.34
7.59
+1.45
+0.44
.47
... prices and finished at an all-time high Friday, making for eight winning
7.90 4.39 KosmosEnergy KOS ... dd 6.42 +0.21 ... 156.75 110.33 McDonalds MCD 2.4 27 155.28 0.99 .94
9.34
90.67
6.42
72.93
ICICI Bank
IDACORP
IBN
IDA
.8
2.6
20
21
9.32
84.07
+0.37
0.57
.077
.55
37.50 24.95 Kraton KRA ... 43 34.68 +0.79 ... 4.81 2.41 McEwenMining MUX ... cc 2.61 +0.14 .005 weeks out of nine. Advancing issues trounced decliners by 2 to 1.
37.62 20.46 Kroger KR 2.2 14 23.01 0.15 .125 199.43 114.53 McKesson MCK .7 7 167.50 +2.82 .28 BREADTH DJIA
23.13 12.03 IDT IDT ... 12 15.02 +0.41 .19 21.10 5.40 KronosWorldwide KRO 3.0 28 20.10 +1.20 .15 6.83 1.46 Mechel MTL ... 10 4.84 +0.20 ...
18.17 10.49 ING Groep ING 5.1 ... 18.13 +0.30 .4652 61.50 46.37 Kyocera KYO ... 22 56.54 0.54 ... 13.06 10.28 MedEquitiesRlty MRT 6.8 dd 12.39 +0.02 .21
36.63 26.95 Invesco IVZ 3.2 17 36.11 +0.19 .29 15.92 11.54 MedicalProp MPW 7.6 15 12.68 +0.25 .24 468000 21800
L
8.40 3.60 IONGeophysical IO ... dd 3.60 0.25 ... 47.35 33.75 Medifast MED 3.1 25 40.91 0.02 .32
26.50 16.13 IRSA IRS ... 14 23.75 0.21 ... 8.06 5.95 MedleyCapital MCC 9.9 65 6.48 +0.09 .16 BREADTH 466,867
s
44.00 31.08 ITT ITT 1.2 19 41.33 +0.74 .128 69
5.87 3.14 IamGold IAG ... dd 5.09 +0.17 ... 13.72 7.66 LATAMAirlines LTM .6 cc 12.04 +0.60 .0343
10.65 5.60 MedleyMgmt MDLY 12.0 6.65 ... .20 452200 21000
76.95 53.80 Mednax MD ... 17 58.54 +0.11 ...
115.19 82.05 IDEX IEX 1.3 31 113.94 0.19 .37 79.67 43.04 L Brands LB 5.3 12 45.55 +0.44 .60 89.72 69.35 Medtronic MDT 2.1 31 88.57 +0.61 .46
150.29 109.86 IllinoisToolWks ITW 1.8 24 145.70 0.36 .65 117.15 80.65 LCI Inds LCII 2.0 18 100.95 +0.70 .50 66.80 57.18 Merck MRK 3.0 41 63.06 0.10 .47
35.30 21.03 Imax IMAX ... 76 21.50 0.05 ... 17.05 11.26 LG Display LPL ... 9 16.17 +0.41 ... 64.52 50.32 MercuryGeneral MCY 4.7 38 53.18 1.12 .6225 436400 20200
7.30 3.21 IndependenceContr ICD ... dd 3.92 +0.56 ... 51.48 30.90 LINE LN ... 99 34.61 +0.51 ... 66.25 43.85 Meredith MDP 3.5 51 59.20 +0.55 .52
22.15 16.20 IndependenceHldg IHC .6 16 21.05 0.95 .06 13.85 4.52 LSB Inds LXU ... dd 10.85 +0.35 ... 43.30 29.70 MeritageHomes MTH ... 12 42.45 0.25 ...
s
59.00 45.32 IndustrsBachoco IBA 1.5 14 58.31 +1.93 .43 37.40 17.00 LSC Comm LKSD 4.9 9 20.37 0.54 .25 18.29 7.46 Meritor MTOR ... 3 18.02 +1.11 ... DJIA
18.48 13.42 Infosys INFY 2.9 17 15.67 +0.63 .2285 54.20 43.17 LTC Properties LTC 4.5 23 50.74 +0.37 .19 16.70 8.12 MesaRoyalty MTR 10.2 12 11.60 ... .0982 420600 19400
20.08 14.59 InfraREIT HIFR 5.1 17 19.51 +0.11 .25 179.95 132.38 L3 Tech LLL 1.7 21 172.11 +0.60 .75 17.42 8.05 MesabiTrust MSB 15.8 14 13.95 +0.80 .55
94.39 62.40 Ingersoll-Rand IR 1.7 17 92.83 0.42 .40 15.39 9.73 LaQuinta LQ ... 42 14.40 0.26 ... 46.40 29.85 MethodeElec MEI .9 16 40.50 0.05 .09
65.02 37.32 Ingevity NGVT ... 54 57.55 +0.20 ... 32.90 22.09 La-Z-Boy LZB 1.4 18 31.90 0.05 .11 58.09 38.87 MetLife MET 2.9 dd 55.34 0.83 .40
140.00 113.07 Ingredion INGR 1.7 18 119.25 +2.12 .50 154.82 119.51 LabCpAm LH ... 21 153.30 +1.85 ... 607.51 380.35 MettlerToledo MTD ... 39 604.76 +16.58 ...
404800 18600
20.52 14.50 InnovativeIndProp IIPR ... ... 16.40 0.30 .15 15.53 12.14 LadderCapital LADR 9.1 10 13.15 0.19 .30 53.29 32.38 MichaelKors KORS ... 10 34.03 2.01 ...
51.78 33.00 Inphi IPHI ... cc 38.38 +1.99 ... 47.99 28.75 LambWeston LW 1.7 22 43.65 +0.55 .1875 110.95 85.04 MidAmApt MAA 3.5 42 100.41 1.96 .87
93.65 64.55 Insperity NSP 1.7 22 71.55 0.25 .30 55.85 40.09 Landauer LDR 2.0 27 54.35 1.05 .275 16.60 9.52 MidSouthBncp MSL 3.0 21 11.95 +0.10 .09 389000 17800
55.45 30.16 InstalledBldg IBP ... 42 52.30 0.75 ... 39.99 16.75 Lannett LCI ... dd 22.70 +2.50 ... 25.00 10.87 MidstatesPetrol MPO ... 0 13.25 +0.48 ...
30.10 17.85 Instructure INST ... dd 29.60 +0.35 ... 16.47 9.20 LaredoPetrol LPI ... dd 11.23 +0.82 ... 19.45 12.43 Milacron MCRN ... dd 18.77 +0.41 ... A S O N D J F M A M J J
44.30 18.10 IntegerHoldings ITGR ... 97 43.55 +0.35 ... 66.22 45.51 LasVegasSands LVS 4.8 27 61.07 0.70 .73 28.85 20.56 MillerIndustries MLR 2.8 14 25.40 +0.50 .18
5.87 2.12 Intelsat I ... 0 3.14 0.06 ... 31.87 23.05 LaSalleHotel LHO 5.9 27 30.27 +0.17 .45 83.85 63.40 MineralsTechs MTX .3 19 73.00 0.55 .05 In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is
67.33 52.15 ICE ICE 1.2 25 65.55 0.37 .20 47.63 31.84 Lazard LAZ 3.5 14 46.25 0.34 .41 26.46 19.49 MistrasGroup MG ... 33 22.04 +0.07 ... added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we
57.80 39.82 InterContinentl IHG ... 29 56.09 +1.05 ... 9.35 5.28 Leaf LFGR ... dd 7.65 ... ... 7.01 4.60 MitsubishiUFJ MTU ... 10 6.40 0.29 ... plot. Dec. 31, 1985 =1000.
182.79 147.79 IBM IBM 3.9 13 154.24 +1.30 1.50 153.28 103.37 Lear LEA 1.4 10 147.40 +2.43 .50 8.29 4.80 MiXTelematics MIXT 1.9 23 8.02 +0.28 .0384
143.64 113.16 IntlFlavors IFF 1.9 27 133.73 +1.85 .64 3.92 1.74 LeeEnterprises LEE ... 5 1.90 ... ... 3.87 2.95 MizuhoFin MFG ... 8 3.57 0.08 ...
32.07 17.25 IntlGameTech IGT 4.3 15 18.65 +0.55 .20 40.82 28.10 LeggMason LM 2.8 18 39.76 +0.87 .28 11.59 7.09 MobileTeleSys MBT 6.2 11 8.48 +0.70 .5295
58.86 43.55 IntlPaper IP 3.2 31 58.15 +1.78 .4625 54.97 44.02 Leggett&Platt LEG 2.7 19 53.22 +0.36 .36 63.37 33.69 Mobileye MBLY ... cc 63.33 +0.33 ... 52-Week Tick Div 52-Week Tick Div
22.58 9.00 IntlSeaways INSW ... dd 22.10 +0.50 ... 56.67 37.79 Leidos LDOS 2.4 24 53.24 +1.17 .32 13.87 6.98 ModelN MODN ... dd 13.00 0.10 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
25.37 21.67 Interpublic IPG 2.9 16 24.69 0.06 .18 5.47 1.66 LejuHoldings LEJU ... dd 1.67 0.13 ... 17.38 9.20 ModineMfg MOD ... 58 16.70 +0.10 ...
46.67 32.21 InterXion INXN ... 73 45.79 +1.14 ... 6.79 4.30 LendingClub LC ... dd 5.39 0.04 ... 40.70 23.60 Moelis MC 3.7 23 39.50 +0.65 1.00 26.10 16.67 NexPointResidentl NXRT 3.6 29 24.76 0.05 .22
25.78
3.04
13.70
0.93
IntrawestResorts
IntrepidPotash
SNOW
IPI
...
...
33
dd
23.71
2.74
...
+0.34
...
...
55.75
47.45
39.68
32.09
Lennar A
Lennar B
LEN
LEN/B
.3
.4
16
13
54.03
45.63
+0.55
+0.68
.04
.04 249.25
72.15
175.52
42.56
MohawkIndustries
MolinaHealthcare
MHK
MOH
...
...
19
37
247.61
70.20
+1.86
+0.26
...
...
144.87
65.91
110.49
54.44
NextEraEnergy
NextEraEnergyUn
NEE
NEE/PQ
2.8
4.9
17
...
141.66
64.52
+1.18
+0.50
.9825
.7964 PQ
32.58 18.41 Intrexon XON ... dd 23.13 1.10 ... 192.58 140.97 LennoxIntl LII 1.1 27 183.78 2.44 .51 55.49 46.80 NextEraEnergyUn NEE/PR 5.6 ... 55.00 +0.49 .7654
27.34 17.47 LeucadiaNatl LUK .9 16 26.70 0.06 .0625 110.17 84.23 MolsonCoors A TAP/A 1.9 9 88.00 +1.00 .41 30.98 18.48 PBF Energy PBF 5.4 13 22.09 0.10 .30
16.65 8.00 Invacare IVC .4 dd 13.70 +0.60 .0125 112.19 85.34 MolsonCoors B TAP 1.9 9 87.89 +1.76 .41 39.83 23.90 NextEraEnergy NEP 3.8 21 38.25 +0.98 .365
17.34 13.98 InvescoMtg IVR 9.7 4 16.55 0.03 .40 64.61 44.01 Level3Comm LVLT ... 33 58.12 0.81 ... 55.94 36.96 NielsenHoldings NLSN 3.5 30 38.65 +1.15 .34 23.00 17.45 PBF Logistics PBFX 9.3 9 19.80 +0.60 .46
11.42 9.00 LexingtonRealty LXP 6.9 32 10.17 +0.29 .175 15.46 12.89 MonmouthRealEst MNR 4.2 48 15.42 +0.26 .16 70.32 57.60 PG&E PCG 3.2 18 66.35 +1.03 .53
22.42 15.04 InvestmentTech ITG 1.3 dd 21.55 +0.35 .07 12.00 9.55 MonogramResTr MORE 2.5 22 11.88 0.02 .075 60.33 49.01 Nike NKE 1.2 23 58.00 +0.02 .18
7.28 5.60 InvRlEst IRET 4.5 dd 6.16 +0.03 .07 42.80 36.22 LibertyProperty LPT 3.9 18 40.88 +0.35 .40 26.56 21.17 NiSource NI 2.7 24 25.75 +0.43 .175 13.05 9.50 PGT Innovations PGTI ... 26 12.90 0.10 ...
107.71 70.07 LifeStorage LSI 5.5 41 72.89 +1.61 1.00 118.97 97.35 Monsanto MON 1.8 25 117.10 0.90 .54 16.80 11.76 PHH PHH ... dd 14.11 +0.02 ...
11.88 5.76 Invitae NVTA ... dd 9.66 +0.44 ... 125.59 93.51 Moody's MCO 1.2 58 125.10 +1.68 .38 32.50 21.33 NoahHoldings NOAH ... 19 32.21 +1.69 ...
22.43 19.80 InvitationHomes INVH ... ... 21.54 +0.09 .06 3.50 2.10 LightInTheBox LITB ... dd 2.95 +0.04 ... 8.62 3.32 Noble NE ... dd 3.91 +0.52 .02 42.85 23.52 PJT Partners PJT .5 dd 42.60 +1.44 .05
86.72 64.18 EliLilly LLY 2.5 41 84.35 +2.06 .52 74.78 52.90 Moog A MOG/A ... 20 74.48 +1.23 ... 46.13 25.50 PLDT PHI 3.3 19 34.40 ... .5628
41.50 30.75 IronMountain IRM 6.3 96 34.78 +0.35 .55 73.23 53.83 Moog B MOG/B ... 20 72.84 +0.84 ... 42.03 26.56 NobleEnergy NBL 1.4 dd 28.26 +1.26 .10
4.85 3.52 IsraelChemicals ICL ... dd 4.83 +0.24 ... 73.31 41.76 LincolnNational LNC 1.6 12 71.34 +1.14 .29 53.29 26.00 NobleMidstream NBLX 3.6 21 45.21 0.80 .4108 131.83 81.35 PNC Fin PNC 2.4 17 127.17 +0.63 .75
dd 92.74 66.99 Lindsay LNN 1.3 40 90.90 +0.29 .29 47.33 27.66 MorganStanley MS 1.8 13 45.20 0.85 .20 64.30 17.01 PNC Fin Wt PNC/WS ... ... 60.36 +1.02 ...
12.83 9.92 iStar STAR ... 12.20 +0.27 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

34.36 21.79 Mosaic MOS 2.5 cc 23.72 +1.12 .15 6.65 4.04 Nokia NOK 3.0 dd 6.33 +0.08 .1899 40.10 30.95 PNM Resources PNM 2.6 23 37.40 0.20 .2425
14.86 11.47 ItauCorpBanca ITCB .0 cc 14.55 +0.89 .0027 29.25 24.27 LionsGate A LGF/A ... dd 28.45 +0.71 ... 14.72 8.46 NomadFoods NOMD ... 59 14.37 +0.49 ...
89.15 67.08 MotorolaSolutions MSI 2.1 24 88.61 +1.30 .47 69.63 46.87 POSCO PKX ... 14 69.51 +4.98 ...
13.65 9.10 ItauUnibanco ITUB .5 11 11.74 +0.77 .0047 27.14 22.50 LionsGate B LGF/B ... ... 26.66 +0.71 ...
31.95 20.23 Movado MOV 2.1 21 24.30 0.40 .13 6.80 3.78 NomuraHoldings NMR ... 10 5.90 +0.09 ...
105.32 75.85 LithiaMotors LAD 1.1 12 98.32 +6.90 .27 113.49 89.64 PPG Ind PPG 1.4 67 112.80 +1.80 .40
43.96 27.72 MuellerIndustries MLI 1.3 17 30.52 +0.27 .10 32.98 20.23 Norbord g OSB 2.7 10 32.98 +2.10 .22 14
J 36.44 24.22 LiveNationEnt LYV ... dd 35.48 +1.25 ... 40.20 32.08 PPL PPL 4.2 37.36 0.71 .395
3.87 2.56 LloydsBanking LYG 4.9 20 3.59 +0.08 .0259 14.20 10.45 MuellerWater MWA 1.4 36 11.49 +0.11 .04 33.11 20.08 NordAngliaEduc NORD ... 64 32.89 +0.09 ... 30.49 16.25 PROS PRO ... dd 29.20 +0.85 ...
288.77 228.50 LockheedMartin LMT 2.5 22 288.13 +2.93 1.82 29.00 21.17 MuleSoft MULE ... ... 25.34 +0.54 ... 4.64 0.80 NordicAmerOffshr NAO 6.6 dd 1.22 +0.07 .02 134.49 102.32 PSBusinessParks PSB 2.6 47 129.89 +0.13 .85
12.30 8.35 J Alexander's JAX ... 23 11.20 0.50 ... 48.39 39.71 Loews L .5 19 46.95 0.26 .0625 35.19 23.61 MurphyOil MUR 3.9 dd 25.42 +0.95 .25 14.07 5.47 NordicAmerTankers NAT 12.6 cc 6.35 +0.33 .20 115.86 84.53 PVH PVH .1 23 112.56 +0.39 .0375
37.50 30.01 JBG SMITH Prop JBGS/W ... ... 37.00 +2.35 ... 26.93 17.08 LouisianaPacific LPX ... 19 25.63 +1.66 ... 80.44 57.13 MurphyUSA MUSA ... 22 73.07 +1.17 ... 62.82 39.05 Nordstrom JWN 3.2 22 46.85 0.69 .37 2.23 0.87 PacificCoastOil ROYT 20.4 cc 1.63 0.05 .0278
34.95 24.95 JELD-WEN JELD ... dd 31.40 +0.40 ... 86.25 64.87 Lowe's LOW 2.2 24 76.06 1.09 .41 19.45 11.35 MyersIndustries MYE 3.0 69 18.20 0.40 .135 125.31 86.88 NorfolkSouthern NSC 2.0 21 124.00 +1.66 .61 6.89 1.32 PacificDrilling PACD ... dd 1.40 0.14 ...
14.40 10.94 J.Jill JILL ... ... 12.21 0.29 ... 4.81 2.45 Luby's LUB ... dd 2.88 +0.02 ... 15.50 10.14 MyovantSciences MYOV ... dd 11.16 +0.11 ... 35.22 19.80 NortelInversora NTL ... 11 34.23 0.37 .5969 113.58 71.36 PackagingCpAm PKG 2.2 23 113.11 +2.19 .63
7.70 5.19 JMP JMP 6.8 dd 5.31 +0.06 .03 30.65 14.02 LumberLiqu LL ... dd 24.72 0.26 ... 5.70 2.34 NAmerEnergyPtr g NOA 1.4 53 4.25 ... .0147 165.69 107.31 PaloAltoNtwks PANW ... dd 138.96 +2.81 ...
94.51
53.05
63.38
21.80
JPMorganChase
JPMorganWt
JPM
JPM/WS
2.2
...
14
...
92.25
51.09
1.60
1.40
.50
...
13.49
67.85
9.28
48.20
Luxfer
Luxoft
LXFR
LXFT
3.9
...
18
33
12.91
60.95
+0.16
+0.15
.125
...
N 5.99
9.75
0.65
6.11
NorthAtlDrilling
NoEuroOil
NADL
NRT
...
11.8
dd
11
1.56
6.43
0.02
0.15
...
.19
65.51
14.98
24.12
6.76
PampaEnergia
PandoraMedia
PAM
P
...
...
66
dd
54.78
9.25
4.15
+0.74
...
...
31.70 19.35 Jabil JBL 1.0 48 30.49 +1.20 .08 64.85 43.15 Lydall LDL ... 21 49.45 1.60 ... 265.51 206.69 NorthropGrumman NOC 1.5 21 264.83 +2.84 1.00 27.70 15.67 PanhandleOil&Gas PHX .7 cc 23.00 +0.05 .04
63.42 49.15 JacobsEngineering JEC 1.1 32 54.37 0.45 .15 99.55 53.51 NACCO Inds NC 1.6 14 66.95 3.15 .2725 13.04 8.98 NorthstarRltyEur NRE 4.7 dd 12.69 +0.14 .15 9.19 4.69 ParTechnology PAR ... 37 8.66 +0.11 ...
97.64 71.55 LyondellBasell LYB 4.2 10 85.87 +1.94 .90 18.10 13.80 NCI BuildingSys NCS ... 20 17.50 +0.50 ...
15.19 10.96 JaggedPeakEner JAG ... ... 14.13 +1.07 ... 66.17 53.50 NorthwestNatGas NWN 3.1 28 60.35 ... .47 18.28 14.58 ParamountGroup PGRE 2.4 dd 15.71 +0.15 .095
49.90 26.21 NCR NCR ... 30 41.59 +1.78 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

17.30
34.85
14.00
30.24
JamesHardie
JanusHenderson
JHX
JHG
3.6
...
25
cc
15.49
34.00
+0.47
+1.51
.28
... M 25.80
10.90
11.50
2.68
NGL Energy
NL Industries
NGL
NL
11.4
...
18
14
13.65
7.75
+0.15
+0.20
.39
...
63.86
86.90
53.85
66.93
Northwestern
Novartis
NWE
NVS
3.5
3.3
16
31
59.68
83.16
0.62
+0.84
.525
2.7178
20.24
33.40
13.76
24.65
ParkElectrochem
ParkHotels
PKE
PK
2.2
6.4
48
2
18.15
26.87
0.18
+0.02
.10
.43
24.89 14.79 JerniganCapital JCAP 6.4 9 21.90 +0.56 .35 57.41 30.89 NovoNordisk NVO 1.6 19 42.98 +0.97 .6704 2.90 1.15 ParkerDrilling PKD ... dd 1.30 0.05 ...
23.23 12.72 JinkoSolar JKS ... 4 23.11 +2.93 ... 173.72 111.82 M&T Bank MTB 1.8 20 165.77 +0.66 .75 23.53 14.96 NOW DNOW ... dd 16.00 +0.65 ... 66.04 46.35 NuSkinEnts NUS 2.3 21 63.06 +0.91 .36 166.60 111.36 ParkerHannifin PH 1.6 24 165.06 +4.16 .66
99.20 62.92 JohnBeanTech JBT .4 35 93.10 0.80 .10 99.00 39.25 M&TBankWt MTB/WS ... ... 92.02 +0.82 ... 4.68 3.03 NQ Mobile NQ ... dd 3.38 +0.08 ... 68.00 44.81 Nucor NUE 2.5 19 59.72 +1.52 .3775 26.20 16.39 Parkway PKY 1.8 ... 22.85 +0.04 .10
137.00 109.32 J&J JNJ 2.5 22 132.60 +0.06 .84 11.65 7.15 MBIA MBI ... dd 10.33 +0.64 ... 23.28 9.84 NRG Energy NRG .5 dd 23.24 +7.00 .03 55.64 42.40 NuSTAREnergy NS 9.2 40 47.60 0.02 1.095 39.82 25.17 ParsleyEnergy PE ... dd 28.71 +1.81 ...
46.17 38.38 JohnsonControls JCI ... dd 43.87 +0.71 .25 36.92 21.25 MDC Holdings MDC 2.8 16 36.09 +0.52 .25 17.84 13.40 NRG Yield A NYLD/A 6.2 47 17.30 +0.65 .27 31.50 22.20 NuSTAR GP NSH 8.7 19 24.95 +0.50 .545 19.10 12.65 PartyCity PRTY ... 16 14.95 0.65 ...
4.91 1.30 JonesEnergy JONE ... dd 1.40 ... ... 29.92 22.47 MDU Rscs MDU 3.0 67 25.60 0.19 .1925 18.56 13.98 NRG Yield C NYLD 6.0 48 17.90 +0.80 .27 35.10 23.72 Patheon PTHN ... 46 34.81 0.06 ...
27.53 21.96 NTTDoCoMo DCM ... 14 23.40 +0.13 ...
127.93
6.19
86.62
2.00
JonesLangLaSalle
JumeiIntl
JLL
JMEI
.6
...
19
17
127.11
2.20
+0.92
+0.08
.35
...
8.66
12.00
7.03
7.15
MFA Financial
MFC Bancorp
MFA
MFCB
9.2
...
11
...
8.65
8.88
+0.21
+0.13
.20
... 2541.46 1478.04 NVR NVR ... 22
dd
2530.80 +33.01 ... O 9.95
73.61
1.70
39.15
PatriotNational
PaycomSoftware
PN
PAYC
...
...
dd
80
2.09
68.74
+0.24
+1.10
...
...
30.96 22.12 JuniperNetworks JNPR 1.4 18 29.01 +0.56 .10 11.76 6.32 MGIC Investment MTG ... 12 11.64 +0.12 ... 18.40 6.93 NaborsIndustries NBR 3.1 7.78 +0.55 .06 32.50 22.58 PeabodyEnergy BTU ... dd 27.31 +2.00 ...
9.70 7.49 JupaiHoldings JP ... 7 7.80 +0.01 .50 29.71 23.63 MGMGrowthProp MGP 5.6 40 28.41 0.63 .395 10.45 5.19 NamTaiProperty NTP 2.8 dd 10.00 +2.00 .07 10.35 4.95 OCI Partners OCIP 10.2 dd 9.00 ... .23 12.90 7.04 Pearson PSO 10.5 dd 8.30 0.48 .437
6.35 4.83 JustEnergy g JE 7.0 3 5.34 +0.41 .093 34.34 22.87 MGM Resorts MGM 1.4 15 31.91 +1.07 .11 34.46 19.84 NatlBankHoldings NBHC 1.1 30 33.63 0.51 .09 14.48 9.05 OFGBancorp OFG 2.4 10 9.90 0.35 .06 33.84 23.56 PebblebrookHotel PEB 4.6 48 33.17 +0.51 .38
29.42 19.99 MI Homes MHO ... 13 27.75 0.51 ... 61.25 50.61 NationalFuelGas NFG 2.9 22 57.10 +1.26 .415 37.41 29.57 OGE Energy OGE 3.5 20 34.57 +0.35 .3025 34.09 27.44 PembinaPipeline g PBA 4.6 27 33.99 +0.81 .1311
80.89 60.08 NationalGrid NGG 6.1 14 61.66 +0.49 1.8924
K 39.43
22.52
30.09
11.50
MPLX
MRC Global
MPLX
MRC
6.1
...
77
dd
35.70
17.06
+2.08
+0.99
.54
... 82.53 66.31 NatlHealthInv NHI 4.9 19 77.51 0.02 .95
16.01
72.97
12.10
55.98
OM AssetMgmt
ONE Gas
OMAM
OGS
2.3
2.4
17
24
15.40
69.50
+0.22
0.80
.09
.42
1.80
11.30
0.73
4.17
PengrowthEnergy g
PenneyJC
PGH
JCP
...
...
dd
dd
.73
4.94
0.04
+0.39
...
...
84.86 53.10 MSA Safety MSA 1.8 32 79.78 0.40 .35 43.63 29.79 NatlOilwell NOV .6 dd 33.79 +1.78 .05 59.47 42.79 ONEOK OKE 4.6 32 53.16 +1.47 .615 25.67 10.00 PA Reit PEI 7.1 dd 11.78 +0.51 .21
47.03 38.16 KAR Auction KAR 3.1 25 40.70 0.69 .32 109.29 76.52 MSCI MSCI 1.0 37 107.45 +4.91 .28 112.45 83.53 NatlPrestoInds NPK .9 17 111.00 0.70 4.50 48.94 36.95 OaktreeCapital OAK 6.0 14 47.70 +0.90 .71 19.35 12.52 PennyMacFinS PFSI ... 6 17.50 +0.75 ...
50.94 29.29 KB Fin KB ... 9 50.71 +1.34 ... 105.70 69.96 MSC Industrial MSM 2.4 18 73.66 15.38 .45 53.60 36.45 NatlRetailProp NNN 4.6 35 39.32 +0.90 .455 17.08 6.56 OasisPetrol OAS ... dd 7.89 +0.43 ... 18.46 14.28 PennyMacTr PMT 10.6 13 17.73 0.52 .47
24.37 14.06 KB Home KBH .4 18 23.66 0.40 .025 25.30 15.05 MSG Networks MSGN ... 10 23.00 +0.25 ... 26.15 18.81 NatlStorage NSA 4.6 cc 22.42 +0.12 .26 1.33 1.06 ObsidianEnergy g OBE ... dd 1.15 +0.05 ... 56.05 33.59 PenskeAuto PAG 2.8 11 44.12 0.01 .31
17.95 13.16 KBR KBR 2.1 dd 15.21 0.07 .08 10.22 7.91 MVC Capital MVC 5.4 19 10.07 +0.03 .135 19.83 11.70 NationstarMtg NSM ... 12 18.09 +0.25 ... 78.48 57.20 OccidentalPetrol OXY 5.1 dd 59.82 +1.14 .77 69.03 53.80 Pentair PNR 2.1 24 66.55 0.08 .345
20.00 12.21 KCG Holdings KCG ... 7 19.99 +0.03 ... 7.35 5.14 MV Oil MVO 15.9 13 5.66 0.39 .225 34.50 20.65 NaturalGasSvcs NGS ... 77 25.45 +1.20 ... 32.12 20.74 OceaneeringIntl OII 2.5 dd 23.84 +1.82 .15 91.00 56.05 Penumbra PEN ... dd 86.50 2.45 ...
20.34 12.50 KKR KKR 3.5 11 19.25 +0.70 .17 94.51 56.06 Macerich MAC 4.8 63 58.61 +1.28 .71 14.13 7.78 NaturalGrocers NGVC ... 19 7.87 0.25 ... 4.78 2.15 Och-Ziff OZM 2.6 dd 3.10 +0.22 .02 118.24 98.50 PepsiCo PEP 2.8 24 114.93 0.58 .805
23.99 20.50 KKR RealEstFin KREF ... ... 21.19 0.20 .25 29.70 24.59 Mack-Cali CLI 3.0 37 26.71 0.07 .20 45.60 16.60 NaturalResPtrs NRP 6.2 5 28.85 +1.85 .45 6.15 1.57 OcwenFinancial OCN ... dd 2.80 +0.08 ... 29.13 19.95 PerformanceFood PFGC ... 34 27.95 +0.60 ...
61.10 25.87 KMG Chem KMG .2 29 51.40 +1.30 .03 85.45 73.24 MacquarieInfr MIC 6.8 38 77.68 +0.09 1.32 3.30 1.44 Natuzzi NTZ ... dd 2.82 +0.04 ... 9.19 3.11 Oi OIBR/C ... ... 6.86 +0.39 ... 69.52 45.35 PerkinElmer PKI .4 34 69.46 +1.49 .07
17.31 13.43 KT KT ... 13 16.99 +0.45 ... 45.41 20.85 Macy's M 6.8 12 22.36 0.32 .3775 24.99 14.28 Nautilus NLS ... 19 18.45 +0.15 ... 41.75 25.25 OilStatesIntl OIS ... dd 27.50 +0.75 ... 10.30 6.10 PermianBasin PBT 5.5 16 9.02 +0.21 .0412
21.18 10.17 K12 LRN ... cc 18.24 +0.27 ... 206.60 160.96 MadisonSquGarden MSG ... dd 196.46 +1.68 ... 27.86 17.03 NavigantConsult NCI ... 17 19.81 +0.33 ... 43.23 31.35 OilDriAmerica ODC 2.2 20 40.89 2.17 .23 99.14 65.47 Perrigo PRGO .9 dd 73.88 +1.42 .16
81.55 49.20 Kadant KAI 1.1 25 77.45 +1.05 .21 81.77 64.25 MagellanMid MMP 4.8 20 72.25 +1.74 .8725 14.75 6.47 NavigatorHldgs NVGS ... 21 10.75 +2.20 ... 21.19 16.51 OldRepublic ORI 3.9 12 19.53 0.04 .19 13.47 4.66 Petrobras PZE ... 51 11.09 0.95 ...
11.73 2.25 Kadmon KDMN ... dd 3.14 0.66 ... 48.36 36.77 MagnaIntl MGA 2.3 7 48.13 +2.02 .275 2.11 1.19 NaviosMaritime NNA 13.6 5 1.47 +0.06 .05 cc 81.80 60.69 PetroChina PTR 1.7 28 62.94 +1.39 .5506
2.40 0.86 NaviosMaritime NM ... dd 1.20 ... ... 33.88 18.24 Olin OLN 2.6 31.35 +1.25 .20
53.41 40.85 Kaman KAMN 1.6 26 50.66 +0.01 .20 11.15 5.20 MagnaChipSem MX ... dd 11.00 +1.10 ... 38.09 28.11 OmegaHealthcare OHI 7.7 16 33.37 +0.77 .64 12.56 7.61 PetroleoBrasil PBR ... dd 8.54 +0.80 ...
105.57 79.05 KSCitySouthern KSU 1.3 22 104.84 +0.50 .33 40.86 32.12 MainStreetCap MAIN 5.7 13 38.68 +0.29 .185 14.20 9.07 NaviosMaritimeMid NAP 16.8 64 10.05 +0.47 .4225 11.77 6.56 PetroleoBrasilA PBR/A ... dd 8.18 +0.91 ...
2.94 1.15 NaviosMaritime NMM ... ... 1.60 +0.12 ... 26.99 15.90 OmegaProtein OME 1.2 12 16.30 0.95 .05
24.98 13.27 KapStonePaper KS 1.8 29 22.36 +1.40 .10 85.83 38.80 Mallinckrodt MNK ... 11 44.51 +1.87 ... 89.66 78.67 Omnicom OMC 2.7 17 81.28 0.22 .55 4.75 1.66 PetroQuestEner PQ ... dd 2.05 +0.22 ...
20.46 16.42 KayneAnderson KED 9.0 2 17.81 +0.23 .40 17.80 14.10 ManchesterUnited MANU 2.2 cc 16.60 +0.55 .09 33.46 11.57 NavistarIntl NAV ... dd 29.18 +2.28 ... 37.39 29.83 Pfizer PFE 3.8 28 33.43 +0.08 .32
22.93 12.42 Keane FRAC ... ... 16.15 +0.96 ... 90.23 72.35 NeenahPaper NP 1.9 19 79.25 +1.30 .37 10.42 7.05 OmnovaSol OMN ... dd 9.85 0.05 ...
7.57 3.65 Manitowoc MTW ... dd 5.86 +0.05 ... 55.53 32.05 OnAssignment ASGN ... 29 54.30 0.34 ... 28.72 19.20 PharMerica PMC ... 38 25.75 0.75 ...
87.16 65.32 Kellogg K 3.1 30 66.38 0.14 .52 10.13 3.85 Manning&Napier MN 7.6 7 4.20 0.25 .08 21.25 8.05 Neff NEFF ... 15 20.80 +1.75 ... 123.55 86.78 PhilipMorris PM 3.5 26 119.13 +1.23 1.04
6.46 3.29 OnDeckCapital ONDK ... dd 4.63 0.13 ...
16.24 3.19 Kemet KEM ... 21 16.07 +2.19 ... 117.81 66.50 Manpower MAN 1.6 18 117.47 +2.52 .93 55.01 33.91 Nelnet NNI 1.1 8 48.83 +1.83 .14
25.89 21.96 OneLiberty OLP 7.2 18 23.90 +0.42 .43 88.87 73.82 Phillips66 PSX 3.4 26 82.20 0.40 .70
45.95 33.66 Kemper KMPR 2.6 cc 37.05 1.20 .24 19.99 12.92 ManulifeFin g MFC 3.0 13 19.93 +0.54 .1501 18.51 6.90 NeoPhotonics NPTN ... dd 8.23 +0.30 ... 58.00 42.47 Phillips66Ptrs PSXP 4.6 22 51.22 +1.02 .586
43.09 22.85 Kennametal KMT 2.1 dd 38.76 0.18 .20 19.28 11.20 MarathonOil MRO 1.7 dd 11.65 +0.18 .05 26.96 12.49 Netshoes NETS ... ... 19.87 +0.13 ... 18.48 13.63 OneBeaconIns OB 4.6 19 18.23 0.03 .21 4.30 2.43 PhoenixNewMedia FENG ... 40 2.64 +0.12 ...
23.77 17.95 KennedyWilson KW 3.6 cc 18.90 +0.10 .17 55.20 35.97 MarathonPetrol MPC 2.7 24 53.81 0.26 .36 34.40 21.10 NeuStar NSR ... 10 33.35 ... ... 32.28 16.03 OneMain OMF ... 31 25.61 +0.66 ... 22.03 17.12 PhysiciansRealty DOC 4.9 85 18.61 0.41 .23
16.00 8.81 KenonHoldings KEN ... dd 13.31 0.17 ... 30.31 22.93 Marcus&Millichap MMI ... 17 27.01 +0.71 ... 106.93 65.82 Nevro NVRO ... dd 85.90 +3.27 ... 12.30 7.55 Ooma OOMA ... dd 8.00 +0.35 ... 23.08 18.61 PiedmontOfficeA PDM 4.0 cc 20.76 +0.15 .21
38.00 15.42 KeyEnergySvcs KEG ... 4 19.38 +0.37 ... 34.90 21.15 Marcus MCS 1.7 19 28.65 2.45 .125 12.55 8.85 NewHome NWHM ... 11 11.54 +0.13 ... 19.65 13.65 Oppenheimer A OPY 2.7 dd 16.55 +0.15 .11 9.68 3.73 Pier 1 PIR 5.9 12 4.73 +0.09 .07
19.53 11.35 KeyCorp KEY 2.0 22 19.21 0.01 .095 2.82 1.05 MarinSoftware MRIN ... dd 1.23 +0.03 ... 43.50 30.46 NewJerseyRscs NJR 2.6 22 39.70 0.35 .255 51.85 37.62 Oracle ORCL 1.5 23 50.56 +1.21 .19 66.67 46.36 PinnacleFoods PF 1.9 33 58.53 1.03 .285
41.99 26.87 KeysightTechs KEYS ... 21 41.61 +1.54 ... 16.25 8.30 MarineProducts MPX 1.8 32 15.86 +0.45 .07 19.89 11.87 NewMediaInvt NEWM 10.3 27 13.60 +0.18 .35 17.63 13.98 Orange ORAN 5.5 67 16.46 +0.48 .45 89.56 70.86 PinnacleWest PNW 3.1 21 85.13 +0.46 .655
78.33 65.77 KilroyRealty KRC 2.3 52 72.63 0.42 .425 23.65 15.10 MarineMax HZO ... 19 19.60 ... ... 15.00 13.05 NewMountainFin NMFC 9.4 8 14.40 +0.10 .34 105.09 67.04 OrbitalATK OA 1.3 21 101.93 0.40 .32 7.20 1.70 PioneerEnerSvcs PES ... dd 2.50 +0.65 ...
20.89 15.65 KimbellRoyalty KRP ... ... 16.21 0.32 .23 1005.62 811.05 Markel MKL ... 41 973.45 9.08 ... 83.21 37.16 NewOrientalEduc EDU ... 49 79.78 +7.66 ... 12.60 9.23 OrchidIslandCap ORC 16.9 20 9.97 0.10 .14 199.83 147.21 PioneerNatRscs PXD .0 dd 160.94 +4.91 .04
136.87 111.30 KimberlyClark KMB 3.1 21 124.51 2.29 .97 128.25 59.33 MarriottVacations VAC 1.2 22 116.37 +1.02 .35 47.80 27.85 NewRelic NEWR ... dd 47.70 +3.10 ... 22.70 15.96 OrionEngCarbons OEC 3.2 26 22.25 +2.00 .1755 81.85 40.42 PiperJaffray PJC 2.0 dd 64.00 +2.30 .3125
32.24 17.02 KimcoRealty KIM 5.7 58 18.95 +0.52 .27 80.47 62.33 Marsh&McLennan MMC 1.9 22 78.86 +0.53 .375 17.86 13.00 NewResidInvt NRZ 12.9 8 15.52 +0.18 .50 11.11 5.15 OrionGroup ORN ... dd 7.62 +0.40 ... 19.33 12.31 PitneyBowes PBI 4.8 29 15.48 +0.53 .1875
23.36 18.31 KinderMorgan KMI 2.6 63 19.54 +0.37 .125 244.32 167.06 MartinMarietta MLM .8 34 223.27 4.63 .42 12.68 9.02 NewSeniorInvt SNR 10.2 dd 10.19 +0.16 .26 82.58 66.14 Orix IX ... 8 77.70 0.82 ... 33.95 23.21 PlainsAllAmPipe PAA 8.2 29 26.70 +0.48 .55
12.55 5.65 Kindred KND 4.2 dd 11.50 +0.60 .12 39.37 29.38 Masco MAS 1.0 25 38.92 +0.49 .10 2.71 1.28 NewYork NWY ... dd 1.40 +0.04 ... 61.49 44.41 OrmatTech ORA .6 29 57.77 +0.29 .08 36.59 23.33 PlainsGP PAGP 8.2 dd 26.76 +0.75 .55
6.50 5.07 KingswayFin KFS ... dd 6.10 0.01 ... 85.30 55.60 MasoniteIntl DOOR ... 23 76.00 +1.55 ... 17.68 12.61 NY CmntyBcp NYCB 5.2 14 13.02 0.22 .17 75.00 46.75 Oshkosh OSK 1.2 25 68.43 +1.49 .21 25.10 18.32 PlanetFitness PLNT ... 53 23.24 +0.56 2.78
5.56 2.88 KinrossGold KGC ... cc 3.90 +0.06 ... 47.90 23.81 MasTec MTZ ... 21 45.70 0.20 ... 10.15 8.51 NewYorkREIT NYRT 5.3 dd 8.61 +0.05 .0383 14.74 8.88 OsiskoGoldRoyal g OR 1.0 28 12.27 +0.33 .0292 58.27 44.33 Plantronics PLT 1.2 21 51.90 0.81 .15
74.50 50.80 Kirby KEX ... 27 65.30 +1.00 ... 127.53 90.51 Mastercard MA .7 33 127.01 +4.81 .22 18.00 10.60 NYTimes A NYT .9 54 17.60 +0.05 .04 27.89 20.72 OutfrontMedia OUT 6.3 33 22.82 +0.29 .36 14.37 6.85 PlatformSpecialty PAH ... dd 13.07 +0.36 ...
30.45 17.60 KiteRealty KRG 6.3 dd 19.32 +0.57 .3025 28.51 18.56 MatadorResources MTDR ... 45 22.76 +1.64 ... 55.45 43.43 NewellBrands NWL 1.7 23 53.81 +0.54 .23 5.66 2.30 OverseasShip OSG ... dd 2.83 +0.27 ... 20.00 12.85 PlyGem PGEM ... 12 17.75 +0.45 ...
38.80 26.85 KnightTransport KNX .7 34 36.10 1.05 .06 41.23 24.32 Materion MTRN 1.1 33 37.45 ... .10 50.00 25.46 NewfieldExpln NFX ... dd 27.04 +0.95 ... 37.70 30.43 Owens&Minor OMI 3.2 19 31.88 +0.05 .2575 99.00 70.14 PolarisIndustries PII 2.5 37 93.09 +5.26 .58
28.40 19.25 Knoll KNL 3.1 12 19.53 0.37 .15 43.00 28.07 Matson MATX 2.7 19 30.12 0.14 .20 483.86 386.90 NewMarket NEU 1.5 22 459.68 +3.98 1.75 67.74 46.45 OwensCorning OC 1.2 17 66.13 +0.25 .20 40.88 28.77 PolyOne POL 1.4 19 38.18 0.19 .135
24.67 18.11 KnotOffshore KNOP 9.1 11 22.95 +0.35 .52 27.80 6.23 MauiLand MLP ... 13 20.05 2.95 ... 46.07 30.19 NewmontMining NEM .6 dd 33.30 +1.27 .05 25.01 16.80 Owens-Illinois OI ... 21 24.78 +0.74 ... 48.06 40.28 PortlandGenElec POR 3.1 19 44.59 0.28 .34
19.90 12.82 Knowles KN ... cc 16.32 0.42 ... 64.97 43.69 Maximus MMS .3 20 60.23 1.41 .045 8.75 5.48 NewparkResources NR ... dd 7.45 +0.35 ... 76.19 49.50 OxfordIndustries OXM 1.8 20 59.92 0.11 .27 89.04 68.76 PostHoldings POST ... cc 80.26 +2.87 ...
 M18 BARRONS July 17, 2017

New York Stock Exchange Composite List

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
20.27 15.21 Potash POT 2.3 28 17.70 +1.39 .10 26.56 20.44 SK Telecom SKM ... 11 26.03 +1.13 ... 29.67 17.27 SummitMaterials SUM ... cc 28.60 1.07 ... 15.15 11.38 TravelportWorldwd TVPT 2.2 31 13.91 +0.21 .075 138.18 105.71 VulcanMaterials VMC .8 40 124.96 3.21 .25
138.69 114.43 Praxair PX 2.3 25 134.31 +1.25 .7875 120.63 93.90 SLGreenRealty SLG 3.0 48 104.70 +2.27 .775 26.50 19.95 SummitMidstream SMLP 9.6 dd 24.05 +0.70 .575 14.80 9.75 TrecoraResources TREC ... 19 11.95 +0.85 ...
6.25
16.50
2.92
12.02
PrecisionDrilling g
PrefApartment
PDS
APTS
...
5.8
dd
dd
2.96
16.34
0.12
+0.89
...
.235
43.09
28.93
13.76
14.43
SM Energy
SPX
SM
SPXC
.6
...
dd
dd
17.07
27.57
+1.82
+1.95
.05
...
91.37
40.57
69.90
30.38
SunCommunities
SunLifeFinancial g
SUI
SLF
3.1
3.4
cc
9
86.99
37.28
0.14
+1.08
.67
.3164
25.60
104.18
14.65
62.64
Tredegar
TreeHouseFoods
TG
THS
2.9
...
24
dd
15.25
82.04
0.15
+0.96
.11
... W
59.63 44.64 PrestigeBrands PBH ... 40 51.75 +0.51 ... 40.66 22.34 SPX FLOW FLOW ... dd 37.38 +0.90 ... 13.14 6.28 SunCokeEnergy SXC ... 36 10.84 0.14 ... 2.76 1.45 TremorVideo TRMR ... dd 2.24 0.14 ...
12.53 6.82 PretiumResources PVG ... dd 9.68 +0.08 ... 28.75 21.21 STAG Indl STAG 5.2 cc 27.27 +0.10 .1175 21.95 12.07 SunCokeEnerPtrs SXCP 13.2 dd 18.05 +0.45 .594 78.16 47.38 Trex TREX ... 29 70.19 +1.84 ... 130.25 91.87 WABCO WBC ... 23 129.15 0.06 ...
86.45 49.69 Primerica PRI 1.0 16 78.20 +0.80 .19 31.44 19.65 StoreCapital STOR 5.0 31 23.07 +0.81 .29 33.79 25.70 SuncorEnergy g SU 3.2 33 29.71 +1.26 .2371 20.60 16.40 TriangleCap TCAP 10.2 23 17.57 0.01 .45 3.47 1.31 W&T Offshore WTI ... dd 1.98 +0.12 ...
2.45 0.30 PrimeroMining PPP ... dd .33 +0.01 ... 40.99 33.46 SabineRoyalty SBR 5.0 18 38.45 +0.40 .1613 31.50 21.01 Sunoco SUN 10.7 dd 30.86 +0.17 .8255 43.04 27.75 TribuneMediaA TRCO 2.4 dd 41.35 +0.51 .25 65.63 53.66 WEC Energy WEC 3.4 21 61.23 +0.31 .52
66.31 43.68 PrincipalFin PFG 2.8 15 66.10 +1.49 .46 2.75 1.07 SafeBulkers SB ... dd 2.70 +0.37 ... 16.86 12.14 SunstoneHotelInv SHO 1.2 20 16.19 +0.12 .05 34.00 17.78 TriNet TNET ... 31 33.60 +0.61 ... 122.91 89.89 WEX WEX ... 70 110.55 +2.85 ...
63.53 50.50 ProAssurance PRA 2.0 19 61.15 0.60 .31 14.38 10.60 SafeguardSci SFE ... dd 12.70 +0.55 ... 61.69 41.07 SunTrustBanks STI 1.8 15 56.60 1.17 .26 30.13 20.36 TrinityIndustries TRN 1.9 14 27.39 0.49 .13 84.55 58.66 WGLHoldings WGL 2.4 25 83.80 +0.40 .51
92.00 81.18 Procter&Gamble PG 3.2 25 87.10 0.55 .6896 19.70 18.32 SafetyIncome SAFE ... ... 19.69 +0.28 ... 27.83 10.00 SunTrustBanksWtA STI/WS/A ... ... 23.04 0.04 ... 72.60 44.70 Trinseo TSE ... 9 70.50 +1.90 .30 35.17 24.82 WNS WNS ... 49 34.72 +0.68 ...
45.63 30.54 Progressive PGR 1.5 22 45.58 +0.59 .6808 91.99 66.43 Salesforce.com CRM ... cc 90.00 +2.08 ... 18.34 4.40 SunTrustBanksWtB STI/WS/B ... ... 13.98 0.77 ... 26.86 15.81 Triple-S Mgmt GTS ... ... 16.12 0.59 ... 72.89 55.77 W.P.Carey WPC 5.9 37 67.61 +1.41 1.00
59.49 45.93 Prologis PLD 3.0 26 58.08 +0.33 .44 30.73 17.26 SallyBeauty SBH ... 12 19.59 +0.07 ... 19.39 8.99 SuperiorEnergy SPN ... dd 11.08 +1.16 ... 14.41 10.25 TriplePtVent TPVG 11.0 9 13.04 0.42 .36 16.17 8.39 WPX Energy WPX ... dd 9.90 +0.61 ...
15.30 11.68 ProPetro PUMP ... ... 13.92 +0.87 ... 8.00 5.19 SanJuanBasin SJT 7.4 15 6.33 0.17 .0389 32.12 18.58 SuperiorIndsIntl SUP 1.8 17 20.10 +0.55 .09 34.49 11.50 TritonIntl TRTN 5.4 dd 33.17 +0.64 .45 24.16 10.74 WabashNational WNC 1.1 13 22.51 +0.45 .06
77.87 49.46 ProsperityBcshs PB 2.1 16 64.29 0.75 .34 14.39 5.60 SanchezEnergy SN ... dd 6.56 +0.34 ... 5.74 2.90 Supervalu SVU ... 12 3.29 0.02 ... 39.92 19.65 TriumphGroup TGI .5 dd 33.10 +0.90 .04 93.81 65.54 Wabtec WAB .5 29 89.84 1.16 .12
70.60 43.10 ProtoLabs PRLB ... 42 69.50 +1.95 ... 26.85 15.03 SandRidgeEnergy SD ... dd 18.93 +1.53 ... 15.35 12.40 SutherlandAsset SLD 10.1 9 14.65 0.25 .37 19.99 6.00 Tronox TROX 1.0 dd 17.46 +1.91 .045 22.45 15.02 Waddell&ReedFin WDR 9.1 12 20.30 +0.81 .46
28.92 19.86 ProvidentFinSvcs PFS 2.9 18 25.82 0.41 .19 2.76 1.20 SandRidgeMS SDT 19.2 5 1.45 +0.02 .0697 27.23 16.68 SwiftTransport SWFT ... 28 25.86 0.74 ... 28.70 16.50 TrueBlue TBI ... dd 26.60 0.35 ... 80.50 55.65 WageWorks WAGE ... 96 65.55 +0.50 ...
114.55 72.25 PrudentialFin PRU 2.7 11 111.41 +0.05 .75 1.94 1.31 SandRidgeMS II SDR 19.3 ... 1.43 ... .069 38.06 26.01 SynchronyFin SYF 1.8 11 29.48 0.22 .13 5.59 3.92 TsakosEnergy TNP 3.9 13 5.11 +0.23 .05 53.43 23.53 Walker&Dunlop WD ... 11 51.82 0.44 ...
46.85 32.52 Prudential PUK 3.4 23 46.49 +0.41 .7953 4.00 2.36 SandRidgePermian PER 17.6 6 2.95 +0.05 .13 93.61 74.52 Syngenta SYT ... 36 92.56 +0.06 1.0115 74.36 52.32 Tupperware TUP 3.9 16 69.50 0.08 .68 80.47 65.28 Wal-Mart WMT 2.7 17 76.34 +1.01 .51
46.68 39.28 PublicServiceEnt PEG 4.1 41 42.36 +0.26 .43 50.24 36.81 Sanofi SNY 3.4 24 48.18 +0.28 1.6406 131.35 98.07 Synnex SNX .8 17 120.74 +0.04 .25 9.89 6.35 TurkcellIletism TKC ... 17 8.38 +0.34 .3213 8.11 0.64 WalterInvMgmt WAC ... dd .77 0.11 ...
257.39 200.65 PublicStorage PSA 3.9 30 207.68 +0.65 2.00 15.47 10.00 SantanderConUSA SC ... 7 13.28 +0.19 ... 45.38 29.37 SynovusFin SNV 1.3 21 44.46 0.54 .15 18.05 8.67 TurningPoint TPB ... 11 15.15 +0.20 ... 19.08 15.10 WarriorMetCoal HCC ... ... 18.77 +1.11 .05
25.20 17.69 PulteGroup PHM 1.5 13 24.36 0.58 .09 23.78 16.79 SaratogaInvt SAR 8.9 13 21.05 0.55 .47 57.07 47.15 Sysco SYY 2.6 27 50.57 +1.12 .33 3.80 2.44 TurquoiseHill TRQ ... 36 2.86 +0.18 ... 14.15 7.31 WashingtonPrime WPG 11.3 29 8.83 +0.43 .25
15.14 9.12 PureStorage PSTG ... dd 13.77 +1.00 ... 32.40 24.85 Sasol SSL 2.6 18 28.88 +1.40 .3786 20.67 7.05 Systemax SYX 2.1 dd 19.06 +0.14 .10 33.00 18.05 TutorPerini TPC ... 15 28.65 0.85 ... 34.61 27.65 WashingtonREIT WRE 3.8 19 31.96 +0.59 .30
11.85 7.11 PzenaInvtMgmt PZN 1.1 18 10.80 +0.41 .03 68.75 55.86 SaulCenters BFS 3.4 38 59.41 +0.23 .51 70.96 22.80 Twilio TWLO ... dd 29.23 +0.80 ... 67.06 47.81 WasteConnections WCN .7 58 64.55 0.50 .12
74.58 61.08 WasteMgt WM 2.3 27 74.27 +0.28 .425
21.12
59.41
8.58
43.01
QEP Resources
QTS Realty
QEP
QTS
...
3.0
dd
cc
9.42
52.19
+0.43
+1.08
...
.39
75.92
87.84
63.30
64.15
Scana
Schlumberger
SCG
SLB
3.9
3.0
15
dd
63.35
66.85
1.67
+1.77
.6125
.50 T 25.25
10.54
14.12
7.91
Twitter
TwoHarborsInv
TWTR
TWO
...
10.6
dd
7
19.64
9.83
+1.62
+0.04
...
.26 187.65 133.35 Waters WAT ... 28 183.39 0.69 ...
40.50 25.23 Q2Holdings QTWO ... dd 38.75 +1.45 ... 44.10 26.78 SchwabC SCHW .7 31 43.04 0.28 .08 178.09 139.61 TylerTech TYL ... 65 175.79 +3.44 ... 159.55 128.60 Watsco WSO 3.3 30 150.83 4.60 1.25
29.50 21.33 QuadGraphics QUAD 5.3 18 22.63 +0.04 .30 47.01 35.31 SchweitzerMaud SWM 4.5 15 37.66 +1.00 .42 143.67 57.63 TAL Education TAL ... cc 141.58 +17.88 .50 77.05 55.72 TysonFoods TSN 1.5 13 61.39 +1.17 .225 157.72 128.86 Watsco B WSOB 3.3 30 152.00 4.45 1.25
153.90 94.50 QuakerChemical KWR 1.0 35 147.83 +0.51 .355 89.87 58.99 ScienceApplicat SAIC 1.7 20 71.90 +0.72 .31 20.03 12.93 TCF Fin TCF 1.9 14 15.77 0.26 .075 71.05 58.35 WattsWater WTS 1.2 24 63.60 +0.65 .19
24.05
21.90
11.57
15.41
QualityCareProp
QuanexBldg
QCP
NX
...
.8
97
dd
18.28
21.20
+0.95
0.30
...
.04
10.14
5.53
2.99
3.42
ScorpioBulkers
ScorpioTankers
SALT
STNG
...
1.0
dd
dd
7.60
3.90
+0.80
+0.12
...
.01
3.96
65.03
1.10
47.12
TCF Fin Wt
TC PipeLines
TCF/WS
TCP
...
6.3
...
19
1.33
59.30
0.12
+1.88
...
.94 U 79.33
7.09
27.60
3.39
Wayfair
WeatherfordIntl WFT
W ...
...
dd
dd
76.74
4.19
+2.68
+0.66
...
...
38.82 23.22 QuantaServices PWR ... 23 34.23 +1.18 ... 98.82 73.13 ScottsMiracleGro SMG 2.1 40 93.29 +1.61 .50 81.70 57.85 TE Connectivity TEL 2.0 14 81.49 +2.41 .40 57.50 35.18 WebsterFin WBS 2.0 23 53.16 0.91 .26
9.20 3.60 Quantum QTM ... 84 8.44 +0.28 ... 24.15 12.16 ScrippsEW SSP ... 26 18.52 +0.70 ... 17.07 11.47 Tegna TGNA 1.9 8 14.66 +0.27 .07 17.71 12.86 UBS Group UBS 3.4 17 17.56 +0.01 .6004 35.85 9.37 WeightWatchers WTW ... 26 35.77 +1.03 ...
112.97 79.12 QuestDiag DGX 1.7 22 109.03 0.70 .45 14.29 7.35 SeabridgeGold SA ... dd 11.00 +0.20 ... 35.51 30.31 Telus g TU 4.1 16 35.33 +0.67 .3597 12.75 7.65 UCP UCP ... 9 11.25 +0.15 ... 43.70 29.03 WeingartenRealty WRI 5.0 43 30.88 +1.03 .385
91.81 70.10 QuintilesIMS Q ... 81 89.38 +0.53 ... 4.59 0.33 SeaDrill SDRL ... dd .38 +0.04 ... 29.62 18.29 Ternium TX 3.4 8 29.16 +1.13 1.00 40.71 32.79 UDR UDR 3.2 cc 38.16 0.01 .31 68.88 46.05 WeisMarkets WMK 2.5 16 47.12 0.77 .30
11.59 2.54 QuorumHealth QHC ... dd 3.85 +0.12 ... 6.45 2.70 SeadrillPartners SDLP 12.5 1 3.19 0.04 .10 16.81 11.17 TIM Part TSU ... 33 15.70 +0.59 .0929 52.00 41.79 UGI UGI 2.0 19 48.94 +0.68 .25 21.13 14.93 Welbilt WBT ... 40 19.39 +0.24 ...
14.36 9.10 QuotientTech QUOT ... dd 11.80 +0.40 ... 50.62 41.74 SealedAir SEE 1.4 27 46.05 +0.73 .16 83.64 68.22 TJX TJX 1.8 20 69.80 0.55 .3125 17.90 11.28 UMH Prop UMH 4.4 dd 16.53 0.19 .18 184.88 105.16 WellCareHealth WCG ... 30 182.21 +1.08 ...
15.49 5.02 Seaspan SSW 7.4 dd 6.74 +0.34 .125 10.58 10.07 TPG PaceEnergy TPGE/U ... ... 10.25 0.08 ... 50.47 37.31 Unitil UTL 3.0 24 48.79 +0.09 .36 59.99 43.55 WellsFargo WFC 2.8 14 54.99 0.75 .38
R 20.13 11.77 SeaWorldEnt SEAS 2.7 cc 14.93 0.57 .10 10.25 9.70 TPGPaceEnergyA TPGE ... ... 9.85 +0.01 ... 19.78 14.08 USA Compression USAC 12.0 cc 17.57 +1.03 .525 26.45 12.00 WellsFargo Wt WFC/WS ... ... 21.53 0.70 ...
16.60 11.22 SelectEnergySvcs WTTR ... ... 11.90 +0.42 ... 1.45 1.20 TPGPaceEnergyWt TPGE/WS ... ... 1.42 +0.07 ... 46.01 33.30 US Cellular USM ... 50 37.75 +0.16 ... 80.19 59.39 Welltower HCN 4.7 47 73.75 +0.85 .87
16.15 10.20 SelectMedical SEM ... 28 16.10 +0.80 ... 10.42 10.17 TPGPace TPGH/U ... ... 10.27 0.02 ... 17.50 9.81 USD Partners USDP 11.4 10 11.73 +0.48 .335 15.78 7.46 WescoAircraft WAIR ... 14 11.25 +0.40 ...
3.91 1.88 RAIT Financial RAS 17.3 dd 2.08 +0.02 .09 43.20 22.55 Semgroup SEMG 6.6 cc 27.20 +1.75 .45 14.20 10.35 TRI Pointe TPH ... 12 13.59 +0.12 ... 30.73 22.19 US Foods USFD ... 28 27.90 +1.12 ... 76.15 51.45 WescoIntl WCC ... 28 56.45 0.45 ...
21.19 14.92 RELX RENX 3.3 27 20.57 +0.36 .3382 7.74 4.05 SemicondctrMfg SMI ... 2 5.73 +0.26 ... 67.10 41.41 TableauSoftware DATA ... dd 62.89 +0.35 ... 34.67 23.71 USG USG ... 20 29.11 +0.66 ... 99.91 70.17 WestPharmSvcs WST .6 39 93.62 2.11 .13
22.19 16.19 RELX RELX 3.1 29 21.74 +0.35 .3339 117.97 92.95 SempraEnergy SRE 2.9 19 112.15 +1.62 .8225 17.01 4.93 TahoeResources TAHO 4.5 8 5.36 +0.21 .02 78.00 51.96 US PhysTherapy USPH 1.3 33 62.20 0.25 .20 57.50 49.93 WestarEnergy WR 3.2 21 49.94 3.19 .40
63.35 40.41 RE/MAX RMAX 1.3 45 57.20 +0.25 .18 45.39 35.10 SensataTech ST ... 28 45.03 +1.03 ... 28.76 9.40 TailoredBrands TLRD 6.4 22 11.22 +0.64 .18 61.49 30.51 US Silica SLCA .7 dd 33.92 +2.69 .0625 53.84 33.28 WestAllianceBcp WAL ... 19 49.05 1.18 ...
31.60 24.34 REV REVG .8 1 26.26 1.61 .05 84.55 68.51 SensientTech SXT 1.5 34 82.22 +0.71 .30 36.92 26.64 TaiwanSemi TSM 3.2 17 36.25 +1.62 1.1593 24.78 18.38 UltraparPart UGP 2.2 28 24.61 +1.28 .2743 11.18 9.43 WesternAssetMort WMC 12.1 14 10.21 +0.05 .31
71.40 24.41 RH RH ... cc 66.00 +3.37 ... 4.75 1.60 SequansComms SQNS ... dd 3.74 +0.56 ... 29.50 21.74 TallgrassEnerGP TEGP 5.2 44 26.47 +1.34 .3425 44.68 18.35 UnderArmour A UAA ... 51 20.39 0.25 ... 47.82 35.52 WesternGasEquity WGP 4.6 28 43.10 +0.25 .4913
71.46 52.51 RLI RLI 1.6 23 54.05 1.03 .21 51.88 38.49 SeritageGrowth SRG 2.2 dd 45.27 +3.37 .25 55.50 42.59 TallgrassEnPtrs TEP 7.1 21 52.04 +1.13 .925 42.94 17.05 UnderArmour C UA ... 48 18.93 0.29 ... 67.44 46.85 WesternGasPtrs WES 6.1 35 57.15 +0.80 .875
25.10 18.92 RLJ Lodging RLJ 6.7 16 19.67 +0.05 .33 34.38 24.90 ServiceCorp SCI 1.8 22 34.25 +0.80 .15 42.20 24.71 Tanger SKT 5.1 14 26.75 +0.80 .3425 34.70 24.82 Unifi UFI ... 16 29.73 0.03 ... 26.85 18.85 WesternRefinLog WNRL 7.0 22 25.95 0.40 .4525
23.36 13.50 RPC RES 1.0 dd 20.96 +2.06 .05 42.45 32.41 ServiceMaster SERV ... 35 39.55 +0.26 ... 61.83 35.35 TargaResources TRGP 8.0 dd 45.74 +2.13 .91 147.65 114.43 Unifirst UNF .1 25 137.75 2.10 .0375 22.70 18.42 WesternUnion WU 3.7 41 19.02 +0.37 .175
56.48 46.25 RPM RPM 2.2 36 55.03 0.08 .30 113.01 69.63 ServiceNow NOW ... dd 110.38 +4.09 ... 79.33 48.56 Target TGT 4.7 11 53.23 +2.16 .62 57.73 38.41 Unilever UN 2.7 28 56.88 +2.15 .3828 70.59 43.51 WestlakeChem WLK 1.1 22 70.24 +3.51 .1906
25.74 11.03 RR Donnelley RRD 4.6 dd 12.21 0.12 .14 42.94 30.36 ShakeShack SHAK ... 72 35.08 +0.22 ... 148.00 92.28 TaroPharm TARO ... 10 113.80 1.12 ... 56.48 38.58 Unilever UL 2.7 28 55.92 +2.20 .3828 26.25 19.25 WestlakeChemPtrs WLKP 5.8 17 24.55 +0.15 .3549
46.92 29.67 RSP Permian RSPP ... cc 33.38 +1.56 ... 23.31 19.02 ShawComm B g SJR 4.1 21 21.86 +0.17 .0744 44.79 31.71 TataMotors TTM .0 22 35.36 +1.85 .0149 115.15 87.06 UnionPacific UNP 2.2 21 109.53 +1.18 .605 6.90 2.10 WestmorelandRes WMLP 20.2 dd 2.64 +0.43 .1333
19.87 11.89 RadianGroup RDN .1 12 17.40 +0.30 .0025 81.68 57.17 TaubmanCtrs TCO 4.1 37 60.26 +1.81 .625 16.70 7.34 Unisys UIS ... dd 13.15 +0.45 ... 27.05 21.23 WestpacBanking WBK 5.6 15 24.50 +1.16 .6889
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

dd 34.17 25.42 ShellMidstream SHLX 3.8 24 30.60 +0.14 .291 dd

114.00 66.06 RalphLauren RL 2.8 71.37 0.93 .50 362.57 239.48 SherwinWilliams SHW 1.0 28 356.47 +4.44 .85 24.79 15.82 TaylorMorrison TMHC ... 14 24.44 +0.04 ... 30.63 11.06 Unit UNT ... 18.62 +1.62 ... 60.36 40.63 WestRock WRK 2.7 84 59.65 +2.34 .40
20.19 11.86 Ramco-Gershenson RPT 6.6 20 13.34 +0.59 .22 45.37 33.51 ShinhanFin SHG ... 8 43.58 +0.90 ... 39.70 22.55 Team TISI ... dd 23.20 +0.10 ... 83.04 44.15 UnitedContinental UAL ... 13 79.85 +0.91 ... 63.99 49.01 Westwood WHG 4.2 19 58.38 +0.94 .62
45.16 20.95 RangeResources RRC .4 dd 22.31 +0.98 .02 16.10 12.07 ShipFinance SFL 13.5 ... 13.35 +0.45 .45 37.09 24.00 TechnipFMC FTI ... ... 28.08 +1.34 ... 2.44 1.74 UnitedMicro UMC 3.4 19 2.43 +0.07 .0827 35.50 28.58 Weyerhaeuser WY 3.7 24 33.15 +1.14 .31
82.75 52.06 RaymondJames RJF 1.1 21 82.30 +0.91 .22 100.80 31.82 Shopify SHOP ... dd 92.41 +3.42 ... 33.76 12.62 TeckRscsB g TECK 1.5 7 19.30 +1.63 .0741 120.44 102.12 UPS B UPS 3.0 29 112.41 +2.05 .83 31.35 16.94 WheatonPrecMetals WPM 1.4 30 19.46 +0.49 .07
17.60 10.37 RayonierAdvMatls RYAM 1.8 13 15.26 0.44 .07 65.16 39.66 Shutterstock SSTK ... 49 44.82 +1.80 ... 11.77 5.14 Teekay TK 3.1 dd 7.09 +0.29 .055 134.28 67.09 UnitedRentals URI ... 17 117.21 +4.66 ... 202.99 145.91 Whirlpool WHR 2.3 17 192.29 +0.18 1.10
29.86 25.24 Rayonier RYN 3.5 15 28.70 +0.36 .25 14.22 4.18 SibanyeGold SBGL 4.8 6 4.87 +0.34 .1169 19.90 9.47 TeekayLNG un TGP 3.3 7 16.80 +0.55 .14 56.61 41.13 US Bancorp USB 2.2 16 52.08 0.38 .28 948.94 804.44 WhiteMtnIns WTM .1 cc 852.50 7.40 1.00
167.94 132.89 Raytheon RTN 1.9 22 167.03 +1.16 .7975 101.46 46.09 SignetJewelers SIG 2.1 10 59.88 2.16 .31 6.69 1.65 TeekayOffshore TOO 17.7 dd 2.48 0.03 .11 41.83 15.72 US Steel X .9 dd 23.21 +1.76 .05 16.30 10.80 WhitestoneREIT WSR 9.1 cc 12.57 +0.28 .095
33.95 21.43 Realogy RLGY 1.1 22 33.77 +1.16 .09 15.40 9.68 SilverSpringNtwks SSNI ... dd 10.50 0.01 ... 3.26 1.65 TeekayTankers TNK 7.0 10 1.72 0.02 .03 124.79 97.62 UnitedTech UTX 2.3 19 123.41 +0.80 .70 13.39 4.81 WhitingPetrol WLL ... dd 5.14 +0.16 ...
72.30 52.72 RealtyIncome O 4.5 49 56.25 +1.56 .2115 35.70 24.00 SilverBowRscs SBOW ... 0 25.47 0.68 ... 27.99 19.90 TejonRanch TRC ... dd 20.61 0.08 ... 188.66 132.39 UnitedHealth UNH 1.6 23 186.90 1.06 .75 18.83 16.00 WideOpenWest WOW ... ... 16.80 0.57 ...
100.80 68.54 RedHat RHT ... 68 98.42 +1.87 ... 229.10 150.15 SimonProperty SPG 4.4 28 160.73 +4.09 1.75 36.90 13.49 Teladoc TDOC ... dd 35.45 +0.30 ... 33.15 17.00 Univar UNVR ... dd 29.37 +0.68 ... 16.48 10.36 WildHorseResource WRD ... ... 12.41 +0.59 ...
9.40 6.15 RedLionHotels RLH ... dd 6.80 0.60 ... 48.41 39.45 SimpsonMfg SSD 1.9 22 43.55 +0.24 .21 29.89 17.04 TelecomArgentina TEO 1.6 17 28.49 +0.20 .4504 83.35 52.40 Universal UVV 3.4 82 64.05 +0.55 .54 58.86 48.40 Wiley A JW/A 2.4 27 53.25 +0.50 .32
17.43 13.22 RedwoodTrust RWT 6.5 9 17.13 +0.10 .28 53.68 26.60 SiteOneLandscape SITE ... dd 52.53 0.97 ... 10.20 7.10 TelecomItalia TI ... ... 9.31 +0.03 ... 84.00 54.06 UniversalHealth UHT 3.2 25 83.05 +0.83 .66 58.99 46.53 Wiley B JW/B 2.4 27 53.25 +0.64 .32
85.85 56.45 RegalBeloit RBC 1.2 18 84.15 +0.65 .26 65.19 47.61 SixFlags SIX 4.4 52 58.64 +1.23 .64 8.29 5.85 TelecomItalia A TI/A 4.1 ... 7.40 +0.04 .3061 138.77 99.72 UniversalHealthB UHS .3 17 124.16 +2.12 .10 3.84 1.42 Willbros WG ... dd 2.16 0.32 ...
24.79 19.12 Regal RGC 4.5 17 19.39 0.22 .22 32.71 18.81 SkechersUSA SKX ... 19 28.76 0.46 ... 137.00 101.90 TeledyneTech TDY ... 26 134.38 +1.13 ... 29.20 18.07 UnivInsurance UVE 2.2 9 25.10 0.10 .14 24.51 15.21 WilliamLyonHomes WLH ... 23 23.86 +0.08 ...
85.32 58.63 RegencyCtrs REG 3.3 cc 63.55 +1.17 .53 61 212.63 136.53 Teleflex TFX .6 44 211.09 0.31 .34 5.38 1.42 UnvlTechInst UTI ... dd 3.63 +0.07 ... 32.69 22.22 Williams WMB 3.8 dd 31.43 +1.02 .30
27.56 16.60 RegionalMgmt RM ... 11 24.39 +1.40 ... 16.16 7.60 Smart&FinalStores SFS ... 7.75 0.75 ... 50.27 31.77 UnumGroup UNM 1.7 12 47.66 +0.12 .20
57.97 43.66 SmithAO AOS 1.0 30 57.44 +0.19 .14 15.69 11.95 TelefonicaBras VIV ... 20 14.19 +0.78 .0177 42.32 32.93 WilliamsPartners WPZ 5.9 48 41.01 +0.65 .60
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

16.03 8.80 RegionsFin RF 1.9 16 14.68 0.01 .07 21 11.64 8.15 Telefonica TEF 4.2 ... 10.67 +0.33 .2231 30.10 23.13 UrbanEdgeProp UE 3.6 20 24.73 +0.43 .22 57.40 45.08 Williams-Sonoma WSM 3.4 13 45.32 1.97 .39
15.61 9.02 Regis RGS ... dd 10.09 ... ... 35.82 26.97 Smith&Nephew SNN 2.1 35.06 +0.83 .37 22.32 15.76 UrstadtBiddle UBP 5.3 19 17.68 +0.43 .235
157.31 114.31 Smucker SJM 2.6 23 116.75 +1.36 .75 35.24 27.17 TelekmIndonesia TLK 2.1 17 34.73 +0.39 .1466 39.30 22.11 Winnebago WGO 1.1 18 35.30 +0.55 .10
132.79 94.33 ReinsuranceGrp RGA 1.3 11 129.66 1.33 .41 dd 32.98 24.12 Telephone&Data TDS 2.2 43 27.59 0.07 .155 25.43 18.32 UrstadtProp A UBA 5.2 19 20.36 +0.36 .265 6.23 4.50 Wipro WIT .5 33 5.43 +0.27 .0149
88.58 65.10 RelianceSteel RS 2.4 17 73.53 +1.00 .45 29.44 15.21 Snap SNAP ... 15.27 1.91 ... 75.00 52.55 UsanaHealth USNA ... 16 63.65 +0.20 ...
181.73 145.17 SnapOn SNA 1.8 16 155.74 0.25 .71 82.32 39.57 TempurSealy TPX ... 16 54.30 +4.19 ... 28.23 20.58 WolverineWwide WWW .9 31 27.32 0.13 .06
150.74 114.76 RenaissanceRe RNR .9 13 141.26 0.52 .32 37.21 25.19 Tenaris TS 3.4 cc 32.63 +1.86 .56 49.81 26.66 WooriBank WF ... 10 49.36 +0.66 ...
37.47 24.18 SOQUIMICH SQM 2.2 29 36.67 +1.54 .3992
6.40
12.50
2.15
6.01
ReneSola
Renren
SOL
RENN
...
...
dd
dd
2.50
6.22
+0.06
+0.20
...
... 12.47 9.90 SolarisOilfield SOI ... ... 12.09 +0.50 ... 31.84
76.80
14.06
56.43
TenetHealthcare
Tennant
THC
TNC
...
1.1
dd
36
19.09
75.75
+0.44
+1.00
...
.21
V 104.80
20.20
65.79
12.15
Workday
Workiva
WDAY
WK
...
...
dd
dd
103.78
19.95
+6.68
+0.75
...
...
65.34 49.18 RepublicServices RSG 2.0 34 64.45 +0.36 .32 27.45 16.53 SonicAutomotive SAH 1.0 11 19.30 +0.55 .05
55.58 49.50 SonocoProducts SON 3.0 19 51.72 +0.15 .39 70.96 44.80 Tenneco TEN 1.7 9 59.01 +0.89 .25 48.57 34.64 WorldFuelSvcs INT .6 26 38.97 +0.83 .06
79.44 56.59 ResMed RMD 1.7 34 77.59 +0.77 .33 11.09 7.44 VEREIT VER 6.6 dd 8.35 +0.21 .1375 23.14 16.77 WW Ent WWE 2.3 80 20.89 +0.33 .12
dd 40.22 27.72 Sony SNE ... 78 40.22 +2.43 ... 33.32 26.27 Teradata TDC ... 23 29.55 +1.17 ... 65.25 48.05 VF VFC 3.0 20 56.02 0.68 .42
49.14 5.72 ResoluteEnergy REN ... 32.70 +4.51 ... 36.59 19.43 Teradyne TER .8 dd 33.99 +2.59 .07 62.44 39.28 WorthingtonInds WOR 1.6 17 52.27 +1.80 .21
6.75 3.70 ResoluteForest RFP ... dd 4.45 +0.20 ... 56.21 27.44 Sotheby's BID ... 36 55.16 +1.30 ... 97.37 75.17 Visa V .7 50 96.93 +3.01 .165
38.40 27.51 SoJerseyInd SJI 3.3 30 32.96 0.72 .2725 39.04 21.22 Terex TEX .8 dd 38.71 +1.50 .08 105.63 62.60 Wyndham WYN 2.3 17 102.10 +1.27 .58
13.73 7.57 ResourceCapital RSO 2.0 dd 9.85 0.01 .05 5.61 2.67 VOC Energy VOC 19.4 14 4.34 +0.02 .21
4.74 1.10 SouthcrossEner SXE ... dd 2.93 0.10 ... 122.00 80.50 TerraNitrogen TNH 4.4 11 87.71 +1.20 .97 21.45 15.40 VTTI Energy VTTI 6.8 29 19.70 +0.10 .336
62.94
17.78
41.43
11.61
RestaurantBrands
RetailPropofAmer
QSR
RPAI
1.2
5.2
32
dd
61.54
12.64
+0.15
+0.53
.19
.1656 54.64
39.50
46.20
24.90
Southern
SoCopper
SO
SCCO
4.9
1.3
18
31
47.26
37.09
0.10
+2.11
.58
.12
34.00
97.76
24.81
72.78
TerrenoRealty
Tesoro
TRNO
TSO
2.4
2.3
cc
16
33.12
97.58
0.68
+1.32
.20
.55
1.43 0.70 VaalcoEnergy EGY ... dd .88 ... ... XYZ
37.96 18.15 Revlon REV ... dd 21.65 1.30 ... 215.82 140.74 VailResorts MTN 2.1 45 203.78 +1.60 1.053
107.87 61.50 RexAmerRes REX ... 19 98.45 +0.53 ... 64.39 35.42 SouthwestAirlines LUV .8 19 61.93 2.31 .125 60.14 43.00 TesoroLogistics TLLP 7.0 31 53.47 +1.07 .94 11.70 4.86 Vale VALE 6.1 10 9.25 +0.48 .2831 45.39 31.97 XL Group XL 1.9 ... 45.17 +0.22 .22
28.37 20.05 RexfordIndlRealty REXR 2.1 73 27.58 +0.12 .145 86.65 64.26 SouthwestGas SWX 2.6 25 77.59 +3.61 .495 6.77 2.49 TetraTech TTI ... dd 2.86 +0.23 ... 32.74 8.31 ValeantPharm VRX ... dd 17.24 +1.01 ... 20.99 14.99 XO Group XOXO ... 50 18.16 +0.61 ...
25.00 15.80 Rexnord RXN ... 37 24.18 +1.38 ... 15.59 5.46 SouthwesternEner SWN ... dd 6.01 +0.41 ... 55.79 27.60 TevaPharm TEVA 4.3 cc 31.90 +0.36 .34 71.40 49.26 ValeroEnergy VLO 4.1 15 68.04 0.14 .70 65.44 24.32 XPO Logistics XPO ... 76 63.84 +0.08 ...
67.81 43.38 ReynoldsAmer RAI 3.1 28 65.56 +0.98 .51 26.43 16.83 Sparton SPA ... dd 23.07 0.04 ... 336.83 156.00 TexasPacLand TPL .1 54 304.75 +13.54 1.00 51.00 38.90 ValeroEnergyPtrs VLP 3.6 17 47.04 +0.39 .4275 16.10 10.60 Xactly XTLY ... dd 15.64 +0.04 ...
29.36 18.30 RiceEnergy RICE ... dd 26.50 +1.22 ... 49.45 40.19 SpectraEnerPtrs SEP 6.2 16 45.30 +0.86 .7013 17.60 6.90 Textainer TGH .8 dd 14.45 +0.50 .03 4.10 1.66 Valhi VHI 2.5 54 3.22 +0.11 .02 48.50 38.00 XcelEnergy XEL 3.1 21 45.92 +0.23 .36
26.42 16.87 RiceMidstream RMP 5.1 15 20.45 +0.32 .2608 146.09 113.95 SpectrumBrands SPB 1.4 23 123.35 0.31 .42 50.93 37.19 Textron TXT .2 15 49.64 +1.58 .02 58.76 47.91 Validus VR 2.9 15 52.06 0.30 .38 20.14 14.84 XeniaHotels XHR 5.6 21 19.70 +0.15 .275
11.66 5.45 RichmontMines RIC ... 54 7.70 +0.85 ... 22.29 16.62 SpeedwayMotor TRK 3.4 20 17.41 0.18 .15 181.27 139.07 ThermoFisherSci TMO .3 33 180.95 +3.46 .15 12.82 8.90 ValleyNatlBncp VLY 3.7 18 11.91 0.01 .11 9.16 4.68 XeriumTech XRM ... dd 7.47 +0.17 ...
39.00 19.35 RingCentral RNG ... dd 36.40 0.60 ... 72.83 59.54 Spire SR 3.0 21 69.45 0.50 .525 21.48 16.50 Thermon THR ... 41 18.40 0.31 ... 0.40 0.03 ValleyNatlWt VLY/WS ... ... .25 +0.03 ... 41.38 25.84 Xerox XRX 3.4 dd 29.42 +0.64 .25
47.11 29.62 RioTinto RIO 5.6 19 45.17 +1.67 1.2562 62.90 42.26 SpiritAeroSys SPR .7 17 60.56 +1.62 .10 14.55 11.05 ThirdPointReins TPRE ... 8 13.80 0.10 ... 165.20 120.65 ValmontInds VMI 1.0 19 151.70 +0.81 .375 7.06 4.26 XinyuanRealEst XIN 7.2 5 5.55 +0.28 .10
39.96 26.68 RitchieBros RBA 2.4 31 27.79 1.27 .17 13.97 6.64 SpiritRealtyCap SRC 9.4 cc 7.67 +0.23 .18 47.04 39.23 ThomsonReuters TRI 3.0 23 46.08 +0.26 .345 24.98 18.30 Valvoline VVV .9 17 22.88 +0.11 .049 56.18 45.60 Xylem XYL 1.3 41 56.10 +1.15 .18
8.77 2.21 RiteAid RAD ... dd 2.33 0.04 ... 30.75 22.50 SpragueRscs SRLP 8.7 14 27.20 +0.10 .5925 115.74 73.16 ThorIndustries THO 1.3 16 105.44 +2.29 .33 66.24 52.45 Vantiv VNTV ... 52 65.19 +4.07 ... 26.48 15.00 YPF YPF 1.0 dd 22.02 +0.12 .1127
11.88 6.05 RoadrunnerTrans RRTS ... 11 7.39 +0.06 ... 9.65 4.42 Sprint S ... dd 8.55 +0.42 ... 23.70 11.98 3D Systems DDD ... dd 18.55 +0.78 ... 107.08 75.94 VarianMed VAR ... 34 106.20 +2.56 ... 5.90 2.21 YamanaGold AUY .8 dd 2.38 +0.15 .005
50.98 34.42 RobertHalf RHI 2.0 19 49.05 0.12 .24 26.65 9.10 Square SQ ... dd 26.33 +2.74 ... 214.57 163.85 3M MMM 2.2 26 211.77 +2.18 1.175 23.24 19.79 VectorGroup VGR 7.6 55 21.05 +0.17 .40 43.41 26.93 Yelp YELP ... cc 31.89 +2.34 ...
167.80 111.52 Rockwell ROK 1.8 28 167.34 +2.91 .76 21.90 16.30 St.Joe JOE ... cc 18.55 +0.05 ... 5.13 0.66 Tidewater TDW ... dd .96 +0.24 ... 62.79 46.52 Vectren VVC 2.9 22 58.54 +0.33 .42 15.11 12.05 Yext YEXT ... ... 13.78 +0.60 ...
111.11 78.54 RockwellCollins COL 1.2 20 110.51 +4.15 .33 6.56 1.72 StageStores SSI 11.1 dd 1.80 0.14 .05 18.95 14.06 TierReit TIER 3.9 dd 18.34 +0.01 .18 35.25 12.50 Vectrus VEC ... 16 34.35 +1.83 ... 4.85 1.79 YingliGreenEner YGE ... dd 2.38 +0.03 ...
49.45 37.03 RogersComm B g RCI 2.9 28 49.33 +1.90 .3601 55.37 40.44 StandardMotor SMP 1.5 19 51.20 0.69 .19 97.29 58.77 Tiffany TIF 2.2 26 91.90 1.94 .50 17.34 9.23 Vedanta VEDL 13.2 17 16.61 +0.74 1.0983 42.34 18.30 Yirendai YRD ... 9 30.89 +4.81 ...
114.45 51.98 Rogers ROG ... 34 111.50 1.46 ... 101.24 74.35 StandexInt SXI .7 27 92.50 +0.50 .16 15.29 5.53 Tilly's TLYS ... 22 10.77 +0.90 .70 68.07 35.92 VeevaSystems VEEV ... 98 64.25 +1.90 ... 75.45 59.57 YumBrands YUM 1.6 19 73.60 +0.11 .30
43.75 27.29 Rollins ROL 1.1 51 40.80 0.12 .115 146.91 111.89 StanleyBlackDck SWK 1.6 19 146.24 +1.33 .58 20.40 11.65 TimeInc. TIME 1.1 dd 14.10 +0.10 .04 76.80 56.20 Ventas VTR 4.6 41 68.05 +0.58 .775 42.12 23.79 YumChina YUMC ... ... 37.07 0.25 ...
238.49 159.28 RoperTech ROP .6 36 235.81 +1.36 .35 113.95 100.00 StanleyBlackDeckUn SWP 4.9 ... 110.29 0.75 1.34 102.45 74.27 TimeWarner TWX 1.6 19 99.79 1.45 .4025 20.98 14.94 VeriFoneSystems PAY ... dd 19.72 +1.87 ... 5.85 3.11 YuMe YUME 2.5 dd 4.76 +0.13 1.00
12.40 6.80 RosettaStone RST ... dd 10.64 0.09 ... 28.05 21.50 Stantec g STN 1.4 67 25.55 +0.70 .0913 51.75 30.47 Timken TKR 2.2 30 48.75 +2.35 .27 62.60 39.30 Veritiv VRTV ... 44 41.90 1.20 ... 18.45 11.14 ZTO Express ZTO ... 36 15.94 +1.49 ...
21.68 9.74 Rowan RDC ... 7 10.86 +1.01 ... 11.70 8.54 StarGas SGU 4.2 23 10.60 0.13 .11 23.00 8.36 TimkenSteel TMST ... dd 16.16 +1.78 ... 56.25 42.80 Verizon VZ 5.3 15 43.56 +0.08 .5775 35.65 27.63 ZayoGroup ZAYO ... cc 30.35 +0.03 ...
76.01 59.88 RoyalBkCanada g RY 3.4 10 75.30 +1.50 .6438 12.79 7.90 Starrett A SCX 4.4 dd 9.10 +0.45 .10 14.23 5.98 TItanIntl TWI .2 dd 12.50 +0.31 .005 44.95 29.91 VermilionEnergy g VET 6.2 dd 31.16 +1.05 .1613 31.88 19.77 Zendesk ZEN ... dd 28.46 +0.43 ...
7.06 4.18 RoyalBkScotland RBS ... dd 6.68 0.07 ... 14.78 4.15 Startek SRT ... cc 12.47 1.09 ... 41.07 26.65 Toll Bros TOL .8 17 40.17 0.24 .08 13.60 3.17 Verso VRS ... ... 4.81 +0.19 ... 18.98 13.70 Zhaopin ZPIN ... 33 18.66 +0.03 ...
115.63 65.10 RoyalCaribbean RCL 1.8 17 108.89 0.31 .48 23.46 20.90 StarwoodProp STWD 8.7 12 22.15 +0.06 .48 40.44 33.19 TootsieRoll TR 1.0 34 36.15 +0.40 .09 34.01 21.86 VersumMaterials VSM ... ... 33.69 +1.95 .05 133.21 95.63 ZimmerBiomet ZBH .7 55 132.49 +5.38 .24
56.39 46.57 RoyalDutchA RDS/A 7.0 30 53.75 +0.81 .94 92.31 55.69 StateStreet STT 1.7 17 92.07 +1.20 .38 55.30 28.81 TopBuild BLD ... 34 53.00 0.97 ... 48.85 31.49 Viad VVI .8 18 48.30 +0.65 .10 38.00 10.94 Zoe'sKitchen ZOES ... cc 11.66 +0.07 ...
59.56 49.56 RoyalDutchB RDS/B 6.9 31 54.81 +0.63 .94 19.27 14.98 Statoil STO 5.1 dd 17.17 +0.85 .2201 79.53 60.49 Torchmark TMK .8 17 78.15 +0.51 .15 36.45 30.42 VinaConcha VCO 6.2 18 32.40 +0.77 .5022 63.85 46.86 Zoetis ZTS .7 37 63.35 +0.76 .105
14.60 4.61 RubiconProject RUBI ... dd 5.07 0.03 ... 19.95 13.70 SteelPartners SPLP ... cc 18.40 0.10 .15 73.00 44.77 Toro TTC 1.0 31 70.80 +0.50 .175 7.17 0.28 VinceHolding VNCE ... dd .56 0.03 ... 14.25 7.24 Zymeworks ZYME ... ... 8.13 0.26 ...
4.17 1.69 RubyTuesday RT ... dd 2.02 +0.04 ... 18.15 12.67 Steelcase SCS 3.7 14 13.85 0.05 .1275 54.44 42.75 TorontoDomBk g TD 3.4 10 51.55 +1.02 .444 17.41 9.94 Vipshop VIPS ... 32 11.25 +1.20 ...
90.66 61.36 Stepan SCL .9 23 88.10 +0.50 .205 54.71 45.05 Total TOT 5.6 16 49.66 +1.21 .6906
27.30
85.42
15.68
62.03
RudolphTech
RyderSystem
RTEC
R
...
2.4
26
16
24.85
73.55
+0.90
0.16
...
.44 83.54 63.80 Steris STE 1.4 64 82.53 +0.43 .28 61.42 46.22 TotalSystem TSS .7 33 60.67 +2.01 .10
17.60
19.45
12.39
11.75
Vishay
VishayPrecision
VSH
VPG
1.4
...
47
30
17.50
17.50
+0.70
+0.20
.0625
... NYSE ARCA
19.71 7.80 RyersonHolding RYI ... 16 9.00 0.30 ... 25.85 16.43 SterlingBancorp STL 1.2 20 23.10 0.55 .07 30.50 20.85 TowerIntl TOWR 1.9 10 22.90 +1.00 .11 52.08 18.32 VistaOutdoor VSTO ... dd 22.93 +0.61 ...
67.97 47.31 RymanHospitality RHP 5.1 20 63.10 0.81 .80 48.60 41.06 StewartInfo STC 2.6 19 46.21 +0.17 .30 13.01 7.78 TownsquareMedia TSQ ... 15 10.82 +0.73 ... 106.95 64.95 Visteon VC ... 32 105.30 +2.41 ... 22.17 15.47 EmpireStateReal250 FISK 2.1 ... 19.67 0.79 .105
56.62 32.69 StifelFinancial SF ... 33 46.67 +0.17 ... 123.18 103.62 ToyotaMotor TM ... 10 110.20 +1.73 ... 25.24 13.50 VistraEnergy VST ... ... 16.02 0.42 2.32 21.99 14.77 EmpireStateReal60 OGCP 2.1 ... 20.19 0.22 .105
17.34 5.95 STMicroelec STM 1.5 63 16.08 +0.95 .06 6.45 3.75 Transalta g TAC 1.9 33 6.33 +0.08 .03 ...
S
32.31 9.80 VitaminShoppe VSI ... 14 11.00 0.45 ... 22.19 18.35 EmpireStateRealES ESBA 2.0 20.49 +0.14 .105
132.78 16.50 StoneEnergy SGY ... dd 21.69 +2.62 ... 50.13 42.69 TransCanada g TRP 3.6 76 50.08 +1.75 .4568 6.09 2.50 VivintSolar VSLR ... 10 5.60 0.15 ... 16.09 11.88 USBrentOilFd BNO ... ... 13.02 +0.58 ...
26.90 7.65 StoneMorPtrs STON 14.6 dd 9.07 +0.04 .33 29.69 9.41 TrancntlRlty TCI ... dd 28.09 1.07 ... 98.00 60.82 VMware VMW ... 30 88.37 +0.18 ... 17.05 12.89 USDieselHeatingOil UHN ... ... 14.01 +0.37 ...
108.72 78.56 SAP SAP 1.3 32 104.88 +1.63 1.3721 20.82 13.42 Stoneridge SRI ... 6 15.44 +0.25 ... 294.38 203.72 TransDigm TDG ... 33 282.14 +15.48 24.00 28.15 13.03 VoceraComm VCRA ... dd 25.98 +0.72 ... 32.03 21.94 USGasolineFd UGA ... ... 24.99 +0.97 ...
150.40 107.21 S&P Global SPGI 1.1 18 149.47 +0.68 .41 145.99 106.48 Stryker SYK 1.2 33 145.40 +4.28 .425 49.31 36.93 Transmontaigne TLP 6.8 18 42.75 +0.05 .725 7.88 5.43 Vonage VG ... cc 6.36 0.10 ... 9.74 6.33 US NatGas UNG ... ... 6.66 +0.27 ...
48.47 28.89 Seacor CKH ... dd 35.32 +1.11 ... 70.02 47.15 SturmRuger RGR 3.2 13 60.20 1.50 .48 16.66 7.67 Transocean RIG ... 5 8.33 +0.45 ... 111.72 86.35 VornadoRealty VNO 3.0 18 95.90 +1.98 .71 12.00 8.65 UnitedStatesOilFd USO ... ... 9.59 +0.49 ...
30.40 16.19 SEACOR Marine SMHI ... ... 18.60 0.16 ... 35.95 22.71 SuburbanPropane SPH 15.0 54 23.66 1.17 .8875 17.94 5.85 TransportadGas TGS ... 24 16.32 0.34 ... 78.50 76.59 VornadoRealtyWi VNO/W ... ... 78.50 +1.78 ... 83.39 60.41 UntdStsShrtOil DNO ... ... 73.10 3.62 ...
64.80 47.83 SINOPECShanghai SHI 6.2 6 58.45 +3.03 3.6279 8.30 5.82 SumitomoMits SMFG ... 8 7.60 0.16 ... 44.88 28.92 TransUnion TRU ... 49 44.31 +0.09 ... 6.00 2.61 voxeljet VJET ... dd 4.68 +0.55 ... 11.93 9.14 US12mthNtlGas UNL ... ... 9.93 +0.26 ...
56.93 38.20 SJW Group SJW 1.8 19 48.53 1.01 .2175 19.39 12.45 SummitHotelProp INN 3.8 22 17.80 0.67 .17 129.60 103.45 Travelers TRV 2.3 12 125.72 1.45 .72 42.96 24.86 VoyaFinancial VOYA .1 dd 37.43 0.05 .01 20.89 15.45 US12moOilFd USL ... ... 16.86 +0.74 ...
 July 17, 2017 BARRONS M19

Nasdaq Issues
Nasdaq Issues includes stocks traded on the Nasdaq Global Select and Nasdaq Global Market tiers. They are eligible for inclusion on the basis of SEC-approved market 52-Week Tick Div 52-Week Tick Div
value of publicly-held shares, trading volume, price and number of market-makers. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
4.05 2.73 CapitalProduct CPLP 8.1 10 3.97 +0.23 .08 7.10 4.63 ConcurrentComp CCUR 7.3 dd 6.61 +0.06 .12
52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 17.3413.81 CapitalSouthwest CSWC 5.2 11 16.07 0.17 .21 10.933.79 ConforMIS CFMS ... dd 4.36 +0.17 ...
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 15.8011.51 CapitalaFinance CPTA 11.7 12 13.32 +0.10 .13 9.02 6.55 Conifer CNFR ... dd 7.10 +0.05 ...
31.19 17.50 AmerOutdoor AOBC ... 10 21.33 0.16 ... 103.65 58.60 BancFirst BANF 1.5 21 98.95 1.15 .38 17.0413.55 CapitolFedFin CFFN 2.4 23 13.93 0.27 .25 52.8237.60 Conmed CNMD 1.6 cc 50.75 0.27 .20
A 30.79 14.75 AmericanPubEdu APEI ... 20 22.30 0.40 ... 10.20 7.31 BankMutual BKMU 2.4 26 9.25 0.10 .055 22.35
28.50
15.50
4.75
CapStarFin
CaraTherap
CSTR
CARA
... ...
... dd
17.41
15.36
0.74
+1.74
...
...
62.15
26.65
45.13
15.94
ConnecticutWater
ConnectOneBncp
CTWS
CNOB
2.2 25
1.3 21
55.25
22.55
0.27
0.40
.2975
.075
51.10 34.50 AmRailcarInd ARII 4.4 12 36.23 0.28 .40 11.90 6.34 BankofCommerce BOCH 1.1 17 10.85 0.20 .03
38.20 25.33 AAON AAON .7 39 37.50 +0.30 .13 15.99 10.15 AmRvrBksh AMRB 1.4 15 14.22 0.13 .05 56.86 35.11 BankofOzarks OZRK 1.5 17 48.05 +0.47 .18 24.609.97 Carbonite CARB ... 76 22.35 +0.60 ... 2.73 0.48 Connecture CNXR ... dd .60 0.02 ...
40.83 20.68 ACADIA Pharm ACAD ... dd 28.59 0.60 ... 12.10 9.69 AmerSoftware AMSWA 4.4 20 9.91 0.10 .11 15.31 12.02 BankFinancial BFIN 1.9 39 15.04 +0.06 .07 33.1118.67 CardiovascularSys CSII ... dd 32.44 0.07 ... 19.956.54 Conn's CONN ... dd 18.95 +0.75 ...
24.03 15.11 ACI Worldwide ACIW ... 74 23.67 +1.75 ... 9.38 3.88 AmerSupercond AMSC ... dd 4.43 0.12 ... 38.50 21.61 BankwellFin BWFG .9 19 31.89 0.66 .07 56.0031.56 Cardtronics CATM ... 21 32.33 0.34 ... 30.2317.75 ConsldComm CNSL 8.6 cc 17.96 2.75.3874
19.97 8.02 AC Immune ACIU ... dd 8.61 +0.02 ... 104.50 69.65 AmericanWoodmark AMWD ... 22 96.70 1.05 ... 60.97 39.63 Banner BANR 1.8 20 55.73 1.23 1.00 5.06 0.76 CareDx CDNA ... dd 1.31 +0.06 ... 13.939.80 ConsldWater CWCO 2.4 41 12.75 +0.10.075
22.34 17.30 AGNC Invt AGNC 10.0 5 21.61 +0.24 .18 47.75 30.20 AmerCarMart CRMT ... 15 37.40 0.70 ... 30.30 6.85 Baozun BZUN ... cc 29.50 +4.38 ... 12.596.25 CareerEducation CECO ... dd 9.27 0.15 ... 6.05 3.59 ConsumerPtfo CPSS ... 5 4.59 +0.03 ...
5.01 2.99 ALJ Regional ALJJ ... 10 3.11 0.01 ... 49.80 30.31 AmerisBancorp ABCB .9 20 46.75 2.45 .10 66.93 41.06 BarrettBus BBSI 1.7 28 57.46 1.64 .25 19.8612.70 CareTrustREIT CTRE 4.1 33 18.26 +0.02.185 24.378.03 Control4 CTRL ... 83 23.36 +3.22 ...
36.83 16.00 AMAG Pharm AMAG ... dd 20.05 +0.85 ... 4.25 3.01 AmeriServFin ASRV 1.5 15 3.94 0.06 .015 40.55 22.42 BassettFurniture BSET 1.1 23 38.30 1.55 .11 20.8514.35 Carlyle CG 2.0 26 20.40 +1.15 .10 32.1724.55 Copart CPRT ... 18 31.09 +0.12 ...
67.61 46.17 AMC Networks AMCX ... 14 56.73 +2.65 ... 184.21 133.64 Amgen AMGN 2.6 17 177.13 +5.70 1.15 6.14 3.71 Bazaarvoice BV ... dd 4.85 +0.05 ... 43.9614.58 CarrizoOil CRZO ... dd 16.35 +1.04 ... 50.0030.00 Core-Mark CORE 1.0 33 35.66 +3.44 .09
69.40 51.20 Amerisafe AMSF 1.4 16 55.30 0.75 .20 13.28 4.41 AmicusTherap FOLD ... dd 12.84 +2.40 ... 52.12 39.50 BeaconRoof BECN ... 29 48.07 0.75 ... 17.559.60 CarrolsRestr TAST ... 15 12.25 +0.05 ... 9.57 2.67 CoriumIntl CORI ... dd 9.17 +0.31 ...
21.66 14.75 A-MarkPrecMetals AMRK 2.2 15 14.82 1.89 .08 12.48 5.92 AmkorTech AMKR ... 16 10.37 +0.54 ... 10.95 8.65 BearStateFin BSF 1.3 18 9.37 0.23 .03 10.983.18 CascadianTherap CASC ... dd 4.02 +0.19 ... 47.7530.31 CornerstoneOnDem CSOD ... dd 38.37 +3.73 ...
70.92 42.56 ANI Pham ANIP ... cc 47.52 0.16 ... 21.75 12.05 AmphastarPharm AMPH ... 94 17.82 0.28 ... 18.19 4.40 BeasleyBroadcast BBGI 1.8 5 10.05 ... .045 17.718.63 CasellaWaste CWST ... ... 17.57 +0.70 ... 49.5031.00 Corvel CRVL ... 32 48.20 +0.05 ...
129.85 82.28 Ansys ANSS ... 40 124.59 +2.20 ... 9.19 3.99 AmtechSystems ASYS ... dd 9.01 +0.50 ... 48.83 28.33 BedBath BBBY 2.1 7 29.18 0.51 .15 136.22
101.89 CaseysGenStores CASY 1.0 23 104.87 +0.60 .26 22.148.27 CorvusPharm CRVS ... dd 12.17 0.56 ...
27.02 20.00 ARKRestaurants ARKR 4.1 15 24.39 +0.10 .25 28.48 11.80 AmTrustFinSvcs AFSI 4.5 8 15.25 0.05 .17 76.12 24.53 BeiGene BGNE ... dd 73.69 +3.51 ... 74.8350.71 CassInfoSys CASS 1.4 30 65.59 0.26 .23 278.30
179.22 CoStarGroup CSGP ... 97 271.62 +0.82 ...
31.52 24.22 ARRIS Intl ARRS ... 30 27.65 0.20 ... 18.15 2.63 Amyris AMRS ... dd 3.39 +0.07 ... 26.97 15.97 BelFuse A BELFA 1.2 6 20.70 0.10 .06 7.89 1.08 CatabasisPharm CATB ... dd 1.29 0.04 ... 183.18
142.11 Costco COST 1.3 27 153.00 1.11 .50
44.70 24.56 ASBBancorp ASBB ... 95 43.90 0.55 ... 90.49 59.01 AnalogDevices ADI 2.2 28 81.55 +3.08 .45 33.60 18.55 BelFuse B BELFB 1.1 8 25.00 0.10 .07 40.8328.84 CathayGenBncp CATY 2.3 17 37.26 0.81 .21 35.8919.50 CountyBancorp ICBK 1.0 15 24.15 0.15 .06
140.05 98.71 ASML ASML .9 ... 139.92 +7.03 1.3072 95.85 66.00 Analogic ALOG .6 dd 69.65 2.60 .10 2.68 0.43 BellerophonTherap BLPH ... dd 1.47 +0.02 ... 136.98
88.65 CavcoIndustries CVCO ... 31 131.25 +1.15 ... 41.6122.50 CoupaSoftware COUP ... dd 30.63 +0.18 ...
5.00 2.96 ATA ATAI ... dd 4.59 0.03 .41 29.96 15.17 AnaptysBio ANAB ... dd 26.26 +1.98 ... 23.11 9.71 BellicumPharm BLCM ... dd 12.01 +0.31 ... 76.2640.01 Cavium CAVM ... dd 65.99 +3.45 ... 23.5114.26 CovenantTranspt CVTI ... 24 16.68 0.62 ...
87.82 60.99 ATN Intl ATNI 2.1 81 65.89 0.77 .34 27.50 24.00 AnchorBancorp ANCB ... 30 25.20 +0.15 ... 19.00 12.86 BeneficialBncp BNCL 1.6 38 14.95 0.30 .06 14.888.73 CECO Env CECE 3.1 dd 9.80 0.41.075 2.50 1.71 Covisint COVS ... dd 2.45 ... ...
3.19 0.50 AVEO Pharma AVEO ... dd 2.66 0.13 ... 44.90 31.93 Andersons ANDE 1.9 41 33.65 0.10 .16 44.98 24.55 Benefitfocus BNFT ... dd 34.60 0.60 ... 135.99
96.93 Celgene CELG ... 51 134.57 +2.01 ... 16.9511.60 Cowen COWN ... dd 16.55 +0.45 ...
20.50 12.32 AVHomes AVHI ... 3 19.95 +0.05 ... 13.13 5.22 Angie'sList ANGI ... dd 12.48 0.29 ... 20.35 9.69 Big5SportingGoods BGFV 5.2 11 11.50 1.15 .15 1.33 0.99 Celgene Rt CELGZ ... ... 1.15 0.07 ... 175.04
130.15 CrackerBarrel CBRL 3.0 19 158.71 6.673.50
8.65 3.30 AXT AXTI ... 40 7.20 +0.60 ... 18.18 14.80 AngioDynamics ANGO ... dd 15.99 0.09 ... 119.98 95.68 Bio-Techne TECH 1.1 62 115.25 2.43 .32 5.02 2.20 CelldexTherap CLDX ... dd 2.48 0.04 ... 22.4010.89 CraftBrewAlliance BREW ... cc 17.55 +0.35 ...
55.95 44.12 Abaxis ABAX 1.1 36 51.72 0.88 .14 53.50 41.38 AnikaTherap ANIK ... 22 46.12 3.43 ... 9.25 2.86 BioCryst BCRX ... dd 5.74 +0.02 ... 28.7716.09 Cellectis CLLS ... dd 28.01 +2.57 ... 32.2416.10 Cray CRAY ... dd 18.80 +1.30 ...
147.45 95.14 Abiomed ABMD ... cc 145.07 +3.02 ... 28.40 1.47 AntheraPharm ANTH ... dd 1.63 +0.08 ... 307.33 233.78 Biogen BIIB ... 18 280.81 +6.88 ... 15.685.05 CellularBiomed CBMG ... dd 8.60 0.35 ... 264.43
160.63 CreditAcceptance CACC ... 14 242.28 +0.48 ...
128.73 38.75 AcaciaComms ACIA ... 11 39.00 3.27 ... 61.00 39.88 ApogeeEnt APOG 1.0 19 54.12 1.04 .14 102.49 78.42 BioMarinPharm BMRN ... dd 91.00 +0.49 ... 48.9316.31 Celyad CYAD ... dd 37.00 1.85 ... 31.6420.75 Cree CREE ... dd 26.13 +0.47 ...
7.68 3.70 AcaciaResearch ACTG ... dd 4.00 ... ... 22.28 4.96 ApolloEnd APEN ... ... 6.05 1.32 ... 3.43 0.98 BioScrip BIOS ... dd 2.93 +0.20 ... 26.952.55 Cempra CEMP ... dd 4.30 0.20 ... 22.2813.59 Cresud CRESY ... 30 19.41 +0.89 ...
57.29 32.54 AcadiaHealthcare ACHC ... cc 49.36 +0.38 ... 6.82 5.42 ApolloInv AINV 9.5 79 6.34 0.03 .15 58.79 35.79 BioSpecificsTech BSTC ... 31 51.10 0.62 ... 26.9416.01 CenterstateBks CSFL 1.0 19 24.98 0.23 .06 56.0032.83 Criteo CRTO ... 44 50.74 +1.91 ...
41.69 23.07 AcceleronPharma XLRN ... dd 31.92 0.75 ... 35.20 14.65 AppFolio APPF ... dd 33.45 +1.30 ... 34.75 15.25 BioTelemetry BEAT ... 22 34.40 +1.55 ... 4.55 2.15 CentralEurMedia CETV ... dd 4.20 +0.15 ... 12.315.93 Crocs CROX ... dd 7.51 0.09 ...
33.18 21.02 AccessNational ANCX 2.3 19 26.51 0.71 .15 20.87 14.60 Appian APPN ... dd 20.33 +1.47 ... 63.23 40.00 Bioverativ BIVV ... ... 60.61 +0.30 ... 39.3322.97 CentralGarden CENT ... 26 31.17 1.02 ... 16.3810.54 CrossCtyHlthcr CCRN ... dd 12.31 0.27 ...
6.39 3.85 Accuray ARAY ... dd 4.80 +0.25 ... 156.65 96.42 Apple AAPL 1.7 17 149.04 +4.86 .63 17.05 7.55 BlackBox BBOX 5.9 dd 8.10 0.25 .12 36.8221.70 CentralGardenA CENTA ... 24 29.58 1.06 ... 58.5839.71 Ctrip.com CTRP ... cc 57.49 +4.42 ...
4.08 1.95 AcelRxPharm ACRX ... dd 2.40 +0.30 ... 17.00 4.70 AppliedGenetic AGTC ... 12 4.90 0.15 ... 7.10 4.15 BlackDiamond BDE ... dd 6.80 +0.15 ... 17.285.53 CenturyAluminum CENX ... dd 16.79 +0.88 ... 7.49 4.40 CumberlandPharm CPIX ... dd 7.02 0.03 ...
25.98 13.50 Aceto ACET 1.7 30 15.51 +0.20 .065 47.86 25.68 AppliedMaterials AMAT .9 19 46.12 +2.58 .10 92.73 55.88 Blackbaud BLKB .5 92 88.77 +1.64 .12 68.0543.31 CenturyBancorpA CNBKA .7 15 66.95 +3.30 .12 3.72 1.56 Curis CRIS ... dd 2.15 +0.16 ...
27.79 3.36 Achaogen AKAO ... dd 24.19 +0.39 ... 86.36 11.38 AppliedOptoelec AAOI ... 30 84.20 +16.90 ... 11.74 6.57 BlackBerry BBRY ... 47 9.97 +0.07 ... 4.23 1.89 Ceragon CRNT ... 20 2.80 +0.22 ... 29.2510.43 Cutera CUTR ... cc 27.00 +0.05 ...
9.49 3.15 AchillionPharm ACHN ... dd 4.48 0.30 ... 4.35 1.35 ApproachRscs AREX ... dd 3.16 +0.32 ... 44.90 28.88 BlackhawkNtwk HAWK ... dd 42.45 1.10 ... 69.2847.01 Cerner CERN ... 34 65.83 +0.09 ... 59.2841.32 CyberArkSoftware CYBR ... 49 42.68 6.62 ...
33.25 18.24 AclarisTherap ACRS ... dd 28.23 +0.14 ... 24.60 10.77 Apptio APTI ... dd 16.81 0.46 ... 38.83 21.66 BlackLine BL ... dd 37.29 +0.85 ... 7.64 1.93 Cerus CERS ... dd 2.30 ... ... 41.1815.43 CyberOptics CYBE ... 19 24.20 +2.35 ...
33.00 13.60 AcordaTherap ACOR ... dd 20.50 0.35 ... 8.29 1.69 AptevoTherap APVO ... dd 1.78 0.13 ... 8.87 6.75 BlackRockCapInvt BKCC 9.5 dd 7.59 +0.06 .18 40.8918.75 Changyou.com CYOU ... 15 39.11 +0.66 ... 14.989.63 CypressSemi CY 3.0 dd 14.47 +0.61 .11
61.58 35.12 ActivisionBliz ATVI .5 cc 60.75 +2.66 .30 19.97 7.26 AquinoxPharm AQXP ... dd 15.11 +0.57 ... 22.16 15.82 BloominBrands BLMN 1.5 45 21.11 0.05 .08 1.33 0.83 Charles&Colvard CTHR ... dd .87 0.06 ... 59.3538.80 CyrusOne CONE 2.9 dd 57.19 +2.05 .42
15.28 9.42 Actua ACTA ... dd 13.95 0.10 ... 6.80 1.09 AralezPharm ARLZ ... dd 1.52 +0.17 ... 22.50 9.64 Blucora BCOR ... dd 20.25 +0.35 ... 40.8724.36 ChartIndustries GTLS ... 37 35.24 +0.03 ... 17.208.51 Cytokinetics CYTK ... cc 13.85 +1.05 ...
30.40 22.11 Acxiom ACXM ... cc 26.64 +0.78 ... 10.73 4.97 AratanaTherap PETX ... dd 7.42 +0.16 ... 19.60 12.48 BlueBird BLBD ... dd 17.55 +0.20 ... 355.00
227.63 CharterComms CHTR ... 19 342.80 +10.37 ... 20.029.81 CytomXTherap CTMX ... dd 15.69 0.49 ...
19.50 12.10 AdamasPharm ADMS ... dd 16.99 0.93 ... 4.49 2.35 ArbutusBiopharma ABUS ... dd 3.85 +0.05 ... 27.50 21.60 BlueBuffaloPet BUFF ... 34 22.94 +0.40 ... 115.87
74.34 CheckPointSftw CHKP ... 26 114.08 +2.64 ...
8.89
40.75
3.76
18.26
AdaptimmuneTher
AddusHomeCare
ADAP
ADUS
...
...
dd
27
5.57
37.60
+0.68
1.40
...
...
2.51 0.40
33.95 16.95
ArcadiaBiosci
ArcBest
RKDA ... dd
ARCB 1.4 34
.52
22.30
+0.09 ...
+0.70 .08
19.73 13.78
123.75 37.05
BlueHillsBncp
bluebirdbio
BHBK 1.1 30
BLUE ... dd
18.15
95.80
+0.05 .20
4.00 ...
67.14
17.15
48.92
10.31
Cheesecake
ChefsWarehouse
CAKE
CHEF
1.9 18
... ...
50.00
13.15
+0.39
+1.00
.24
...
D
2.31 1.53 ADDvantage AEY ... 50 1.55 0.04 ... 99.21 68.85 ArchCapital ACGL ... 16 96.16 +0.93 ... 7.55 5.62 BlueknightEner BKEP 9.7 dd 6.00 +0.05 .145 55.5538.81 ChemicalFin CHFC 2.2 22 48.50 0.51 .27
18.55 12.43 ArchrockPtrs APLP 7.5 dd 15.28 +1.01 .285 56.21 19.80 BlueprintMed BPMC ... dd 52.23 1.15 ... 10.683.95 ChemoCentryx CCXI ... dd 10.49 +1.27 ... 41.50 31.87 DBVTechnologies DBVT ... dd 41.21 +3.14 ...
147.45 95.42 AdobeSystems ADBE ... 51 146.16 +3.94 ... 6.30 3.80 DHX Media VV g DHXM 1.2 63 4.73 +0.23 .0138
16.30 4.05 Ardelyx ARDX ... dd 5.75 +0.30 ... 75.34 35.76 BobEvansFarms BOBE 2.0 dd 66.87 3.72 .34 41.7427.45 ChemungFinl CHMG 2.6 19 40.77 0.21 .26
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

23.75 17.55 Adtran ADTN 1.8 26 20.40 0.10 .09 66.48 48.51 DISH Network DISH ... 22 66.00 +2.11 ...
16.43 8.75 AduroBiotech ADRO ... dd 12.70 0.30 ... 27.86 11.30 ArenaPharm ARNA ... dd 24.28 +5.03 ... 32.57 15.29 BofI BOFI ... 12 23.97 0.04 ... 11.984.10 Cherokee CHKE ... dd 5.55 +0.60 ...
17.87 14.20 AresCapital ARCC 9.3 12 16.43 +0.10 .38 17.10 8.10 BoingoWireless WIFI ... dd 14.76 0.17 ... 3.71 1.25 Chiasma CHMA ... dd 1.40 0.10 ... 17.19 9.20 DMC Global BOOM .6 dd 12.80 0.50 .02
41.39 23.50 AdvAcceltrApp AAAP ... dd 39.88 +1.45 ... 14.20 9.80 DSP Group DSPG ... 59 12.30 +0.45 ...
12.25 6.21 AdvEmissions ADES 10.6 2 9.40 +0.38 .25 25.00 17.33 arGEN-X ARGX ... ... 20.63 +0.30 ... 22.35 14.55 Bojangles' BOJA ... 16 15.75 0.20 ... 125.30
70.90 Children'sPlace PLCE 1.5 17 104.65 2.60 .40
69.03 51.19 ArgoGroup AGII 1.8 12 60.35 1.30 .27 1.98 0.31 BonTonStores BONT ... dd .79 +0.39 ... 6.64 3.66 Chimerix CMRX ... dd 5.22 0.21 ... 42.00 14.87 DXP Ents DXPE ... 37 35.45 +1.81 ...
86.25 38.51 AdvEnergyInds AEIS ... 20 71.59 +4.62 ... 11.12 6.30 Daktronics DAKT 2.9 42 9.64 +0.12 .07
16.30 5.70 Advaxis ADXS ... dd 7.01 +0.60 ... 7.08 0.30 ArgosTherap ARGS ... dd .31 0.05 ... 17.88 11.77 BostonPrivFin BPFH 2.9 20 15.30 0.30 .11 137.39
96.99 ChinaBiologic CBPO ... 26 101.86 1.53 ...
5.00 2.25 Arotech ARTX ... dd 3.90 +0.35 ... 28.35 18.48 Bottomline EPAY ... dd 27.27 +1.49 ... 5.19 1.41 ChinaFinance JRJC ... dd 1.41 0.18 ... 73.48 37.60 Dave&Buster's PLAY ... 28 66.25 +1.35 ...
59.50 24.85 AdvisoryBoard ABCO ... 23 57.20 +0.10 ... 14.10 5.35 DAVIDsTEA DTEA ... dd 5.49 0.36 ...
26.68 17.18 Aegion AEGN ... 21 23.48 +1.10 ... 1.82 0.92 ArQule ARQL ... dd 1.31 0.02 ... 8.50 3.40 BravoBrioRestr BBRG ... dd 4.25 0.15 ... 3.19 1.35 ChinaHGSRealEst HGSH ... 19 1.65 +0.10 ...
13.40 3.10 ArrayBioPharma ARRY ... dd 8.60 +0.25 ... 38.95 26.90 BridgeBancorp BDGE 2.8 17 33.35 0.55 .23 88.0836.96 ChinaLodging HTHT ... 46 85.08 +7.58 ... 9.00 3.70 DawsonGeophys DWSN ... dd 4.07 +0.20 ...
10.34 3.28 AegleaBioTherap AGLE ... dd 3.79 +0.40 ... 18.80 13.01 DelFrisco's DFRG ... 23 15.35 0.55 ...
2.50 1.01 Aemetis AMTX ... ... 1.26 +0.03 ... 41.70 30.12 ArrowFinancial AROW 3.2 16 31.15 0.75 .25 18.00 10.43 BridgfordFoods BRID ... 14 12.55 0.56 ... 3.60 1.45 ChinaTechFaith CNTF ... 4 2.79 0.10 ...
8.22 1.20 ArrowheadPharm ARWR ... dd 1.52 0.10 ... 13.80 5.40 Brightcove BCOV ... dd 6.50 +0.20 ... 5.88 3.85 ChinaXDPlastics CXDC ... 3 4.80 +0.05 ... 31.29 22.06 DeltaNaturalGas DGAS 2.7 35 30.59 +0.21 .2075
59.50 16.61 AeriePharm AERI ... dd 55.60 0.25 ... 65.68 55.00 DentsplySirona XRAY .5 42 65.11 +0.51 .0875
40.10 22.16 AeroVironment AVAV ... 76 39.47 +0.80 ... 41.90 26.28 ArtesianRscs A ARTNA 2.5 26 37.16 0.59 .2317 256.78 156.69 Broadcom AVGO 1.6 dd 250.29 +10.67 1.02 6.95 0.82 ChinaCache CCIH ... dd .97 0.01 ...
9.12 1.65 AscenaRetail ASNA ... dd 2.21 +0.17 ... 48.40 33.85 BroadSoft BSFT ... dd 42.30 +0.15 ... 21.9913.94 ChipMOSTechs IMOS ... 8 20.43 +0.38.1966 27.02 9.38 DepoMed DEPO ... dd 10.80 0.06 ...
6.89 0.98 AeviGenomic GNMX ... dd 1.33 +0.02 ... 38.75 25.63 Dermira DERM ... dd 29.21 +0.12 ...
3.25 1.65 Affimed AFMD ... dd 2.45 0.05 ... 31.86 12.71 AscendisPharma ASND ... dd 28.09 0.07 ... 6.70 3.90 Broadvision BVSN ... dd 4.14 0.01 ... 186.05
128.59 ChurchillDowns CHDN .7 27 180.50 1.251.32
26.16 11.55 AscentCapital A ASCMA ... dd 16.91 +1.27 ... 12.72 8.64 BrocadeComm BRCD 1.7 91 12.69 ... .055 25.45 19.18 Descartes DSGX ... 75 24.90 +0.80 ...
8.15 1.82 AgileTherap AGRX ... dd 3.98 +0.25 ... 37.7821.59 Chuy's CHUY ... 23 23.40 +0.05 ... 8.42 2.61 DestMaternity DEST ... dd 2.78 0.44 ...
12.00 8.17 Agilysys AGYS ... dd 10.73 +0.44 ... 3.10 2.01 AsiaPacificWire APWC ... 6 3.00 0.02 ... 17.45 11.07 BrooklineBcp BRKL 2.5 19 14.50 0.35 .09 12.955.65 CidaraTherap CDTX ... dd 7.70 +0.45 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

64.34 41.03 AspenTech AZPN ... 31 56.42 +0.09 ... 30.23 12.00 Brooks Auto BRKS 1.6 37 24.88 +1.68 .10 5.57 1.85 DestinationXL DXLG ... dd 2.00 0.05 ...
67.74 35.84 AgiosPharm AGIO ... dd 57.81 +2.90 ... 104.18
78.80 Cimpress CMPR ... dd 95.28 0.04 ... 2.39 1.54 Deswell DSWL 12.0 29 2.34 +0.05 .07
8.50 1.96 AgroFresh AGFS ... dd 8.20 +0.28 ... 11.97 6.15 AstaFunding ASFI ... dd 7.15 0.35 ... 30.02 19.59 Bruker BRKR .6 31 28.99 0.50 .04 79.6068.11 CincinnatiFin CINF 2.8 20 72.69 +0.03 .50
73.37 52.08 AstecIndustries ASTE .7 25 55.88 +1.24 .10 43.85 28.62 BrynMawrBank BMTC 2.0 20 42.50 0.40 .21 96.38 57.68 DexCom DXCM ... dd 71.72 0.63 ...
1.10 0.05 AgroFresh Wt AGFSW ... ... 1.01 +0.07 ... 3.00 1.10 Cinedigm CIDM ... dd 1.59 0.09 ... 217.68 170.00 DiamondHillInvt DHIL ... 14 201.40 +0.35 6.00
14.32 10.37 AileronTherap ALRN ... ... 13.59 0.21 ... 41.03 28.32 Astronics ATRO ... 18 30.99 +0.33 ... 6.35 3.80 Bsquare BSQR ... dd 5.55 0.05 ... 131.41
97.06 Cintas CTAS 1.1 27 126.43 +0.301.33
16.41 12.50 AstroNova ALOT 2.0 28 13.90 +0.65 .07 175.10 119.80 BuffWildWngs BWLD ... 26 120.25 4.00 ... 114.00 82.77 DiamondbackEner FANG ... dd 90.48 +4.39 ...
27.31 10.27 AimmuneTherap AIMT ... dd 21.20 +0.43 ... 71.9739.26 CirrusLogic CRUS ... 17 65.53 +1.83 ... 1282.33 0.46 DianaContainer DCIX ... dd .48 0.39 ...
24.21 12.94 AirTransportSvcs ATSG ... 73 23.35 +1.09 ... 25.73 11.80 AtaraBiotherap ATRA ... dd 15.05 +0.15 ... 16.50 9.04 BuildersFirstSrc BLDR ... 11 15.93 +0.34 ... 34.6029.12 CiscoSystems CSCO 3.7 16 31.42 +0.52 .29
149.55 90.11 AthenaHealth ATHN ... cc 142.67 +5.22 ... 2.86 0.91 BurconNutraScience BUR ... dd 1.04 ... ... 6.10 2.42 DicernaPharma DRNA ... dd 3.26 0.07 ...
3.78 1.35 AirMedia AMCN ... dd 2.37 +0.20 ... 22.7315.44 CitiTrends CTRN 1.5 23 21.29 +0.67 .08 14.15 9.00 DigiIntl DGII ... 23 10.15 +0.10 ...
71.64 46.81 AkamaiTech AKAM ... 28 50.62 +1.38 ... 20.79 11.21 Athenex ATNX ... ... 18.82 +0.40 ... 14.439.26 CtznCmntyBcp CZWI 1.1 22 14.07 +0.09 .16
... ... AkceaTherap AKCA ... ... 9.48 ... ... 4.65 3.06
20.20 13.80
AtlanticAmerican
AtlCapitalBcshs
AAME .5 70
ACBI ... 34
3.65
18.55
+0.05 .02
0.75 ... C 22.63
26.61
14.26
21.21
CitizensFirst
CitizensHolding
CZFC
CIZN
.7 13
3.8 19
21.90
25.01
0.05
0.59
.08
.24
41.75
6.15
24.20
3.75
Digimarc
Digirad
DMRC
DRAD
...
5.0
dd
cc
32.65
4.00
+1.55
0.25
...
.05
16.54 7.16 AkebiaTherap AKBA ... dd 13.86 0.35 ... 22.48 16.10 DimeComBcshrs DCOM 2.8 22 20.10 +0.15 .14
35.40 17.61 Akorn AKRX ... 23 33.65 +0.10 ... 8.35 5.84 AtlanticCoastFin ACFC ... 19 7.79 0.08 ... 87.9964.18 CitrixSystems CTXS ... 27 80.99 +1.72 ...
22.87 16.55 AtlanticaYield ABY 4.9 cc 20.31 +0.11 .25 16.25 6.38 Cadiz CDZI ... dd 12.70 +0.10 ... 9.98 1.05 DimensionTherap DMTX ... dd 1.40 +0.10 ...
38.53 24.52 Alarm.com ALRM ... cc 36.96 0.20 ... 36.54 30.01 CA CA 3.0 19 34.48 +0.14 .255 74.9046.10 CityHolding CHCO 2.7 18 65.21 1.70 .44 27.50 17.83 Diodes DIOD ... 67 25.28 +0.73 ...
2.61 1.49 AlaskaCommSys ALSK ... 54 2.17 +0.03 ... 3.54 2.15 Atlanticus ATLC ... dd 2.54 0.05 ... 4.80 2.18 CleanEnerFuels CLNE ... 10 2.75 +0.11 ...
60.10 34.22 AtlasAir AAWW ... cc 58.15 +3.10 ... 53.40 40.01 C&F Fin CFFI 2.7 12 48.95 +0.15 .33 30.25 23.96 DiscoveryComm A DISCA ... 14 26.22 +0.40 ...
22.17 13.01 AlbanyMolecular AMRI ... dd 21.62 0.10 ... 3.33 1.20 CBAK Energy CBAK ... dd 1.43 +0.13 ... 21.6012.20 Clearfield CLFD ... 27 13.45 +0.30 ... 29.18 23.24 DiscoveryComm C DISCK ... 13 25.55 +0.40 ...
14.73 11.17 AlcentraCapital ABDC 10.1 34 13.42 0.06 .34 18.40 12.15 AtlasFinancial AFH ... 93 14.30 0.05 ... 25.085.44 ClearsideBiomed CLSD ... dd 9.52 +0.01 ...
37.90 23.80 Atlassian TEAM ... dd 35.65 +0.34 ... 29.40 21.49 CB FinSvcs CBFV 3.3 15 26.70 +0.75 .22 5.56 3.15 DixieGroup DXYN ... dd 4.45 +0.10 ...
5.36 0.83 Alcobra ADHD ... dd 1.13 +0.02 ... 93.55 61.58 CBOE Holdings CBOE 1.1 50 91.98 1.00 .25 17.4914.50 CliftonBancorp CSBK 1.5 75 16.54 0.49 .25 99.93 65.63 DollarTree DLTR ... 19 69.11 +1.13 ...
36.48 10.05 AlderBioPharm ALDR ... dd 11.65 0.20 ... 25.11 13.45 AtriCure ATRC ... dd 24.73 +0.37 ... 96.9213.43 ClovisOncology CLVS ... dd 91.55 4.10 ...
691.95 393.96 Atrion ATRI .6 39 647.00 14.50 1.05 67.49 53.46 CDK Global CDK .9 33 63.89 +2.73 .14 18.55 14.49 DonegalGroup A DGICA 3.7 17 15.33 0.47 .14
145.42 96.18 AlexionPharm ALXN ... 61 126.71 +3.65 ... 66.33 40.56 CDW CDW 1.0 26 63.56 +1.20 .16 17.9911.80 CoBizFin COBZ 1.2 20 17.20 0.07 .05 19.30 14.13 DorchesterMnls DMLP 8.1 17 15.20 +0.30 .3067
33.20 25.01 Alico ALCO .8 49 31.35 +0.55 .06 4.45 2.10 aTyrPharma LIFE ... dd 3.30 0.20 ... 240.45
125.00 Coca-Cola Bottl COKE .4 40 235.55 +8.59 .25
37.81 27.14 AuburnNatlBncp AUBN 2.5 17 36.95 +0.60 .23 48.67 27.68 CEVA CEVA ... 65 46.45 +0.85 ... 88.50 56.10 DormanProducts DORM ... 24 76.24 0.43 ...
154.85 82.00 AlignTech ALGN ... 57 154.30 +2.35 ... 81.16 65.57 CH Robinson CHRW 2.6 19 69.46 +1.49 .45 5.55 3.60 Codexis CDXS ... dd 5.55 +0.15 ... 28.59 18.18 DovaPharm DOVA ... ... 24.03 1.14 ...
2.40 1.01 AlimeraSciences ALIM ... dd 1.50 +0.10 ... 21.11 13.06 AudentesTherap BOLD ... dd 20.48 +1.07 ... 29.5619.00 CodorusValleyBncp CVLY 1.9 18 28.05 0.70.135
7.26 4.05 AudioCodes AUDC ... 12 6.39 +0.13 ... 20.40 14.54 CIM Comm CMCT 3.2 6 15.50 0.16 1.98 38.19 16.01 DuluthHoldings DLTH ... 34 19.01 +1.03 ...
63.40 41.93 Alkermes ALKS ... dd 58.86 0.67 ... 127.96 98.95 CME Group CME 2.2 26 120.57 4.26 .66 45.2534.23 CogentComm CCOI 4.3 cc 41.20 +0.55 .44 59.70 43.81 Dunkin' DNKN 2.4 24 53.96 1.04 .3225
40.45 23.10 AllegianceBcshs ABTX ... 23 39.25 +0.35 ... 10.54 1.74 AuriniaPharm AUPH ... dd 6.72 +0.36 ... 6.22 2.90 Cogint COGT ... dd 5.00 0.35 ...
5.45 0.60 AurisMedical EARS ... dd .88 0.05 ... 10.80 8.50 CM Finance CMFN 9.8 6 10.17 0.03 .25 2.00 0.74 Durect DRRX ... dd 1.70 +0.10 ...
182.25 121.70 AllegiantTravel ALGT 2.0 12 141.60 +4.00 .70 28.43 18.01 CNB FinPA CCNE 2.7 16 24.44 0.38 .165 97.9943.07 Cognex CGNX .4 44 89.47 +0.45.085
13.60 5.73 AllianceHealth AIQ ... cc 13.23 +0.03 ... 114.68 56.80 Autodesk ADSK ... dd 108.74 +5.42 ... 68.9145.44 CognizantTech CTSH .9 25 68.83 +1.87 .15
32.70 21.72 AllianceHldgsGP AHGP 8.5 7 26.02 +1.40 .55 105.68 85.48
15.45 8.75
ADP
AvadelPharm
ADP 2.2 26
AVDL ... dd
101.35
10.55
3.79 .57
0.28 ...
6.41
40.00
1.70
23.96
CPI Card
CRA Intl
PMTS
CRAI
5.9
1.6
dd
23
3.05
35.81
...
0.77
.045
.14 277.90
92.93 Coherent COHR ... 55 271.96 +35.85 ... E
26.65 17.10 AllianceResource ARLP 8.4 5 20.90 +1.55 .4375 25.00 11.63 CRISPR Therap CRSP ... dd 16.99 +1.11 ... 31.9812.85 CoherusBioSci CHRS ... dd 13.40 0.10 ...
28.46 15.54 AlliedMotionTech AMOT .4 30 28.43 +1.33 .025 4.86 2.45 AvalancheBiotech ADVM ... dd 2.60 +0.05 ... 21.6410.01 Cohu COHU 1.3 42 18.01 +1.82 .06 3.85 2.25 EDAPTMS EDAP ... 23 3.30 +0.08 ...
85.98 31.55 AveXis AVXS ... dd 81.00 +2.10 ... 51.34 35.48 CSG Systems CSGS 1.9 22 42.22 +1.08 .1975
5.67 4.50 AllotComms ALLT ... dd 5.19 +0.04 ... 13.54 4.12 CSI Compressco CCLP 14.6 dd 5.15 +0.64 .1875 28.8316.54 CollectorsUniv CLCT 5.7 22 24.51 0.92 .35 31.47 23.45 EMC Insurance EMCI 3.0 15 27.86 0.19 .21
15.17 9.80 AllscriptsHlthcr MDRX ... dd 12.21 0.64 ... 24.14 7.06 AviatNetworks AVNW ... dd 18.06 +0.01 ... 20.557.37 CollegiumPharm COLL ... dd 12.23 1.20 ... 16.91 12.93 ESSA Bancorp ESSA 2.4 22 14.85 0.36 .09
9.78 3.99 AvidTechnology AVID ... 8 5.35 +0.13 ... 11.95 7.89 CSP CSPI 4.0 20 11.04 +0.17 .11
62.95 35.21 AlmostFamily AFAM ... 36 58.55 2.75 ... 41.85 29.25 CSW Industrials CSWI ... 57 39.55 0.70 ... 60.7534.20 ColliersIntl CIGI .2 31 60.05 +3.90 .05 39.58 24.35 E*TRADE ETFC ... 21 39.50 +0.81 ...
6.57 0.35 Avinger AVGR ... dd .45 0.19 ...
86.92 31.38 AlnylamPharm ALNY ... dd 78.74 5.34 ... 2.00 0.43 AviragenTherap AVIR ... dd .61 0.07 ... 55.48 27.46 CSX CSX 1.5 30 55.08 +0.23 .20 14.559.37 ColonyBankcorp CBAN .7 16 13.70 +0.20.025 2.72 0.53 EV Energy EVEP ... dd .60 +0.02 ...
23.93 13.88 Alpha&OmegaSem AOSL ... 38 17.68 +0.78 ... 24.63 15.82 CVB Fin CVBF 2.5 23 22.15 0.48 .14 45.6828.51 ColumbiaBanking COLB 2.2 20 39.40 0.65 .22 2.40 0.89 EVINE Live EVLV ... dd .98 0.04 ...
41.53 20.71 AvisBudget CAR ... 30 31.89 +3.28 ... 63.5551.56 ColumbiaSportswr COLM 1.3 20 55.86 1.68 .18 6.15 3.14 EXFO EXFO ... cc 4.50 +0.05 ...
1008.61 734.64 Alphabet A GOOGL ... 33 976.91 +36.10 ... 6.70 3.46 Aware AWRE ... 29 4.95 0.15 ... 81.85 46.02 CabotMicro CCMP 1.0 24 77.81 +2.77 .20
988.25 719.06 Alphabet C GOOG ... 32 955.99 +37.40 ... 35.69 23.83 CadenceDesign CDNS ... 44 34.73 +1.06 ... 29.6515.23 ColumbusMcKinn CMCO .6 56 25.36 +1.12 .04 24.00 12.90 EagleBncpMT EBMT 1.8 13 18.20 ... .08
26.53 9.88 AxcelisTechs ACLS ... 37 21.80 0.75 ... 42.1830.02 Comcast A CMCSA 1.6 21 39.20 +0.63.1575 12.45 4.06 EagleBulkShip EGLE ... dd 4.62 +0.24 ...
9.65 1.60 Alphatec ATEC ... dd 1.69 0.18 ... 30.15 21.18 AxonEnterprise AAXN ... 72 25.29 +0.20 ... 20.75 10.00 CaesarsAcqn CACQ ... 4 19.50 +0.35 ...
57.41 37.50 Altaba AABA ... dd 57.23 +2.68 ... 13.05 5.39 CaesarsEnt CZR ... dd 12.50 +0.40 ... 60.6144.27 CommerceBcshrs CBSH 1.5 21 58.21 +1.09.225 97.15 42.33 EaglePharm EGRX ... 12 75.73 6.21 ...
9.11 3.53 AxsomeTherap AXSM ... dd 5.95 +0.45 ... 18.4811.91 CommerceHub A CHUBA ... 56 17.71 +0.52 ... 60.42 33.02 EastWestBancorp EWBC 1.4 17 57.41 1.97 .20
35.00 2.38 Altimmune ALT ... 0 2.70 0.32 ... 44.00 26.35 Caesarstone CSTE ... 17 35.45 +0.70 ...
46.99 16.17 AltisourcePortf ASPS ... 27 22.15 +0.61 ... 3.72 2.35 CafePress PRSS ... dd 2.35 0.07 ... 18.5711.90 CommerceHub C CHUBK ... 56 17.59 +0.35 ... 31.50 16.76 Eastern EML 1.4 22 30.35 0.10 .11
46.90 26.24 AltraIndlMotion AIMC 1.7 41 40.20 +0.70 .17 B 46.71 35.10 Cal-MaineFoods CALM ... dd 36.20 2.25 ... 9.62 3.82 CommVehicle CVGI ... 53 8.41 ... ... 37.20 25.95 eBay EBAY ... 5 37.08 +2.85 ...
4.47 2.19 Amarin AMRN ... dd 4.17 +0.05 ... 20.89 12.13 CalAmp CAMP ... dd 19.36 0.26 ... 42.7528.28 CommScope COMM ... 28 35.13 3.02 ... 65.10 50.17 Ebix EBIX .5 18 55.90 +1.85 .075
20.35 12.85 Amaya AYA ... 24 17.45 +0.15 ... 17.05 10.51 BCB Bancorp BCBP 3.7 21 15.30 +0.10 .14 76.85 48.75 CalavoGrowers CVGW 1.3 31 70.55 +2.85 .90 7.42 3.41 CommsSystems JCS 3.7 dd 4.34 +0.06 .04 7.20 4.17 Echelon ELON ... dd 5.00 0.11 ...
1017.00 710.10 Amazon.com AMZN ... cc 1001.81 +23.05 ... 25.67 16.74 BCommunications BCOM ... dd 16.90 0.79 ... 19.40 13.76 CalFstNBcp CFNB 2.7 14 16.95 0.25 .46 0.05 ... CommunityHlthRt CYHHZ ... ... .02 ... ... 28.90 17.90 EchoGlobalLog ECHO ... dd 19.30 0.80 ...
27.25 15.67 AmbacFin AMBC ... dd 17.83 +0.47 ... 13.02 8.36 BGC Partners BGCP 5.6 33 12.94 +0.35 .18 20.05 2.20 CalitheraBiosci CALA ... dd 18.38 +0.48 ... 51.3534.43 CmntyTrBcp CTBI 2.9 16 43.55 1.80 .32 62.50 36.59 EchoStar SATS ... 34 60.45 +0.41 ...
15.50 6.98 AmbacFinWt AMBCW ... ... 8.25 0.05 ... 47.55 32.24 BJsRestaurants BJRI ... 19 35.45 +0.50 ... 24.85 15.15 CallidusSoftware CALD ... dd 23.70 +0.45 ... 10.657.50 CommunityWestBcshs CWBC 1.5 16 10.35 ...
.04 13.06 8.75 Ecology&Envt EEI 3.1 40 12.88 +0.28 .20
74.95 46.80 Ambarella AMBA ... 31 51.60 +2.99 ... 23.90 15.45 BMC Stock BMCH ... 34 21.70 +0.10 ... 6.42 2.79 CalumetSpecialty CLMT ... dd 4.15 +0.10 ... 59.0044.05 CommVaultSystems CVLT ... cc 58.45 +1.30 ... 13.50 7.30 EdgeTherap EDGE ... dd 10.66 +0.53 ...
66.48 54.91 Amdocs DOX 1.4 24 64.99 +0.46 .22 88.78 62.76 BOK Fin BOKF 2.1 20 84.99 0.01 .44 45.43 28.40 CamdenNational CAC 2.2 17 42.41 1.99 .23 7.57 3.50 Compugen CGEN ... dd 3.75 0.05 ... 9.40 6.22 EdgewaterTech EDGW ... dd 7.01 +0.13 ...
65.91 34.58 Amedisys AMED ... 44 59.37 1.98 ... 21.30 8.74 B RileyFin RILY 1.7 11 19.25 +0.75 .08 7.96 2.33 Camtek CAMT ... 23 5.31 +0.21 ... 42.0218.25 ComputerPrograms CPSI 2.5 73 32.00 +0.15 .20 29.20 12.43 EditasMedicine EDIT ... dd 17.30 +0.12 ...
399.16 307.80 Amerco UHAL ... 18 364.26 +2.69 1.00 197.80 156.23 Baidu BIDU ... 40 188.55 +7.15 ... 17.00 10.25 CanadianSolar CSIQ ... 34 16.83 +1.27 ... 6.33 3.87 ComputerTask CTG ... dd 5.61 0.01 .06 14.52 6.25 EducDev EDUC 3.4 15 10.45 0.25 .09
6.11 5.10 AmerFirstMultifam ATAX 8.4 15 5.95 ... .125 89.50 61.03 Balchem BCPC .5 42 78.66 +1.24 .38 11.65 9.80 CanterburyPark CPHC 2.1 11 11.60 +0.62 .06 19.809.52 ComtechTel CMTL 2.1 37 18.62 0.10 .10 10.00 1.32 Egalet EGLT ... dd 1.44 0.13 ...
54.48 33.00 AmericanAirlines AAL .7 13 54.22 +1.19 .10 26.95 22.73 Baldwin&Lyons A BWINA 4.6 16 23.70 +0.47 .27 99.25 55.91 CapellaEducation CPLA 1.9 25 86.50 +1.45 .41 9.40 1.45 ConatusPharm CNAT ... dd 6.51 ... ... 19.53 6.38 eHealth EHTH ... 34 18.76 +0.63 ...
42.50 25.74 AmNtlBcsh AMNB 2.6 19 36.55 0.75 .24 27.70 22.60 Baldwin&Lyons B BWINB 4.5 17 24.25 0.35 .27 45.00 28.84 CapitalBankFin CBF 1.2 26 38.55 +0.15 .12 19.117.11 ConcertPharm CNCE ... dd 13.69 0.45 ... 20.63 6.10 EigerBioPharma EIGR ... dd 9.25 +1.55 ...
131.99 111.21 AmericanNatlIns ANAT 2.8 16 115.68 1.49 .82 3.48 1.35 BallardPower BLDP ... dd 2.88 +0.14 ... 23.15 13.57 CapitalCityBank CCBG 1.0 27 20.53 0.70 .05 21.081.09 ConcordiaIntl CXRX ... dd 1.76 +0.23 ... 17.34 11.51 8Point3Energy CAFD 7.2 21 14.65 +0.03 .2642
 M20 BARRONS July 17, 2017

Nasdaq Issues
52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
16.80 12.60 8x8 EGHT ... dd 14.25 0.25 ... 54.13 35.03 FiveBelow FIVE ... 35 47.10 0.77 ... 24.00 17.32 HamiltonLane HLNE ... 17 21.76 0.43 .175 21.05 14.59 Interface TILE 1.3 25 18.95 0.65 .06 44.39 29.05 LibertyGlobal B LBTYB ... 19 31.30 +0.25 ...
14.85 10.08 ElPolloLoco LOCO ... 30 13.50 0.20 ... 24.80 11.86 Five9 FIVN ... dd 21.82 +0.17 ... 52.94 27.55 HancockHolding HBHC 1.9 21 50.05 +0.20 .24 1.54 0.78 Intermolecular IMI ... dd .95 0.01 ... 37.00 27.36 LibertyGlobal C LBTYK ... 19 31.89 +1.36 ...
4.04 2.44 ElbitImaging EMITF ... ... 3.12 +0.20 ... 60.98 26.65 FivePrimeTherap FPRX ... dd 29.28 +0.22 ... 35.85 22.76 HanmiFinancial HAFC 2.7 16 28.10 0.72 .19 4.08 0.80 InterNAP INAP ... dd 4.03 +0.20 ... 36.57 19.10 LibertyLiLAC A LILA ... 16 26.11 +3.81 ...
127.97 91.20 ElbitSystems ESLT ... 23 124.51 0.54 ... 17.76 12.12 Flex FLEX ... 29 16.81 +0.52 ... 15.33 6.09 HanwhaQCELLS HQCL ... 6 7.20 +0.48 ... 42.25 25.78 IntlBcshs IBOC 1.9 17 34.90 0.80 .33 36.90 19.33 LibertyLiLAC C LILAK ... 16 26.03 +4.27 ...
21.83 10.65 EldoradoResorts ERI ... 41 19.30 0.10 ... 12.68 3.01 FlexPharma FLKS ... dd 3.49 0.26 ... 22.29 12.91 HarborOneBncp HONE ... 71 19.44 0.57 ... 40.31 30.05 IntlSpeedwayA ISCA 1.3 22 33.50 0.45 .43 26.69 17.62 LibertyQVC B QVCB ... 8 22.99 1.48 ...
9.20 4.50 ElectroScientific ESIO ... dd 8.58 +0.10 ... 29.41 15.09 FlexionTherap FLXN ... dd 23.80 +2.00 ... 12.90 8.24 Hardinge HDNG .6 cc 12.45 +0.05 .02 15.00 8.45 InternetGold IGLD ... dd 8.74 0.41 ... 27.06 17.24 LibertyQVC A QVCA ... 8 23.28 0.80 ...
116.04 73.74 ElectronicArts EA ... 35 108.99 +1.54 ... 62.99 39.98 Flexsteel FLXS 1.4 18 55.92 +0.76 .20 6.18 2.94 Harmonic HLIT ... dd 4.68 0.68 ... 11.00 6.70 InternetInitiat IIJI ... 28 9.00 +0.19 ... 55.93 36.09 LibertyVenturesA LVNTA ... 14 54.25 +3.04 ...
51.15 40.72 EFII EFII ... 49 49.40 +1.78 ... 38.95 28.26 FlirSystems FLIR 1.6 25 37.76 +3.06 .15 3.30 2.25 HarvardBioSci HBIO ... dd 2.45 0.05 ... 29.20 7.65 IntersectENT XENT ... dd 29.00 +1.50 ... 35.59 19.86 LibertyFormOne A FWONA ... ... 32.67 0.97 ...
5.97 1.31 ElevenBiotherap EBIO ... 9 1.53 ... ... 10.94 3.54 Fluidigm FLDM ... dd 4.24 +0.34 ... 113.49 76.14 Hasbro HAS 2.0 25 113.14 +1.21 .57 5.75 1.70 Intersections INTX ... dd 4.74 +0.12 ... 37.18 19.76 LibertyFormOne C FWONK ... ... 33.88 0.84 ...
11.95 4.90 Emcore EMKR ... 43 11.05 0.10 1.50 31.96 20.70 FlushingFin FFIC 2.6 12 27.98 0.76 .18 60.90 42.22 HawaiianHoldings HA ... 11 46.20 2.10 ... 14.15 5.60 Intevac IVAC ... cc 11.85 +0.55 ... 25.64 15.70 LibertyBraves A BATRA ... ... 23.97 0.21 ...
4.25 2.14 EmmisComm EMMS ... 3 2.85 0.07 ... 11.27 4.03 FoamixPharm FOMX ... dd 5.94 +0.33 ... 29.73 20.10 HawaiianTelcom HCOM ... dd 28.73 +4.29 ... 45.20 7.85 Intra-Cellular ITCI ... dd 11.93 0.32 ... 25.38 15.21 LibertyBraves C BATRK ... ... 23.88 +0.01 ...
25.50 15.02 EmpireResorts NYNY ... dd 23.50 0.25 ... 17.05 10.50 FogodeChao FOGO ... 17 13.45 0.30 ... 54.80 38.60 Hawkins HWKN 1.8 22 46.80 0.15 .42 9.65 4.15 Intricon IIN ... dd 7.75 0.75 ... 43.32 31.65 LibertySirius A LSXMA ... 32 42.33 +1.02 ...
38.40 20.79 EnantaPharma ENTA ... dd 37.27 +1.56 ... 15.58 8.55 FormFactor FORM ... 49 12.80 +0.55 ... 22.36 13.08 HawthornBcsh HWBK 1.4 16 20.60 0.35 .07 143.81 103.22 Intuit INTU 1.0 38 132.88 +0.98 .34 43.30 32.63 LibertySirius B LSXMB ... 32 41.64 0.34 ...
41.38 17.66 EncoreCapital ECPG ... 15 40.70 +0.60 ... 44.20 33.69 FormulaSys FORTY 2.5 32 39.00 +1.01 .48 48.37 31.02 HaynesIntl HAYN 2.5 cc 35.63 0.48 .22 963.54 610.71 IntuitiveSurgical ISRG ... 48 951.75 +7.48 ... 43.25 31.34 LibertySirius C LSXMK ... 32 42.15 +1.10 ...
49.75 33.70 EncoreWire WIRE .2 23 42.50 0.50 .02 44.40 34.95 ForresterResearch FORR 1.9 38 39.95 0.05 .19 26.80 3.80 HealthInsInnov HIIQ ... 25 25.70 +2.15 ... 10.15 3.31 InventureFoods SNAK ... dd 3.69 0.17 ... 16.20 10.88 LibertyTax TAX 4.7 16 13.65 +0.45 .16
24.93 9.70 EndoIntl ENDP ... dd 11.99 +0.68 ... 22.76 6.01 Forterra FRTA ... dd 8.47 +0.39 ... 53.00 34.83 HealthcareSvcs HCSG 1.4 46 52.62 +6.13 .1888 23.75 15.00 Investar ISTR .4 21 22.90 +0.35 .022 24.70 11.30 LibertyTripAdvB LTRPB ... 29 11.45 +0.14 ...
3.49 1.36 Endocyte ECYT ... dd 1.45 0.04 ... 41.33 28.51 Fortinet FTNT ... cc 40.12 +1.63 ... 54.95 27.45 HealthEquity HQY ... 94 50.96 +0.77 ... 15.11 11.10 InvestorsBancorp ISBC 2.4 21 13.14 0.07 .08 24.18 10.55 LibertyTripAdvA LTRPA ... 30 11.60 +0.55 ...
14.41 4.21 Endologix ELGX ... dd 4.88 +0.07 ... 56.52 40.07 ForwardAir FWRD 1.1 58 54.66 +0.65 .15 31.53 20.60 HealthStream HSTM ... cc 25.10 +0.08 ... 199.75 93.78 InvestorsTitle ITIC .7 16 187.78 2.22 .35 70.95 50.60 LifePointHealth LPNT ... 17 65.40 0.05 ...
9.85 6.20 EnduranceIntl EIGI ... dd 9.00 +0.65 ... 33.00 14.89 ForwardPharma FWP ... dd 20.91 +0.32 ... 22.69 17.06 HeartlandExp HTLD .4 32 21.91 +0.36 .02 7.94 1.90 InVivoTherap NVIV ... dd 2.25 0.10 ... 21.20 12.03 LifetimeBrands LCUT .9 15 19.55 +0.75 .0425
16.67 7.11 EnergyRecovery ERII ... cc 8.25 +0.41 ... 36.87 8.98 Fossil FOSL ... 20 10.13 0.31 ... 52.65 34.48 HeartlandFinUSA HTLF .9 15 46.70 0.75 .11 14.25 4.50 Invuity IVTY ... dd 8.60 +1.00 ... 18.48 8.31 LifewayFoods LWAY ... 56 9.37 +0.02 ...
35.96 17.92 EnergyXXIGulfCoast EXXI ... ... 19.87 +0.29 ... 22.00 9.25 FosterLB FSTR .8 dd 21.15 0.25 .04 27.10 17.30 Heidrick&Strug HSII 2.3 28 22.20 0.25 .13 57.00 24.34 IonisPharma IONS ... dd 51.60 1.83 ... 139.79 87.50 LigandPharm LGND ... dd 118.65 1.15 ...
7.78 4.80 EnerNOC ENOC ... dd 7.73 0.03 ... 43.15 17.10 FoundationMed FMI ... dd 39.05 +0.70 ... 102.04 77.50 HelenofTroy HELE ... 20 93.20 1.05 ... 9.58 4.90 IovanceBiotherap IOVA ... dd 6.50 0.30 ... 3.51 1.45 LimelightNetworks LLNW ... dd 3.14 +0.07 ...
2.03 0.65 EnphaseEnergy ENPH ... dd .82 +0.03 ... 38.40 18.00 FoxFactory FOXF ... 33 36.75 +0.85 ... 13.40 10.75 HemisphereMedia HMTV ... 27 11.90 ... ... 1.89 0.98 iPass IPAS ... dd 1.29 0.04 ... 24.00 15.87 Limoneira LMNR 1.0 29 22.72 +0.06 .055
23.18 16.51 EnsignGroup ENSG .8 26 21.49 0.12 .0425 22.39 9.72 Francesca's FRAN ... 10 9.92 0.76 ... 186.99 146.23 HenrySchein HSIC ... 28 184.52 +1.68 ... 44.70 22.16 iRhythmTechs IRTC ... dd 42.04 0.51 ... 3.74 1.56 LincolnEduc LINC ... dd 3.34 +0.24 ...
209.35 159.00 EnstarGroup ESGR ... 14 201.90 0.90 ... 45.15 34.75 FranklinElectric FELE 1.0 25 42.10 +1.00 .1075 14.87 10.15 HeritageCommerce HTBK 2.9 19 13.70 0.35 .10 16.51 8.61 Iridex IRIX ... dd 9.37 0.36 ... 97.97 59.27 LincolnElectric LECO 1.5 31 93.35 +0.94 .35
24.40 17.40 EntegraFin ENFC ... 23 22.40 0.25 ... 21.77 6.17 Fred's FRED 3.8 dd 6.40 0.43 .06 16.75 11.85 HeritageCrystal HCCI ... 29 15.90 0.35 ... 11.58 6.80 IridiumComm IRDM ... 11 10.90 +0.20 ... 11.49 6.05 LiquiditySvcs LQDT ... dd 6.45 0.05 ...
27.20 14.53 Entegris ENTG ... 31 24.55 +2.05 ... 18.19 10.87 FreightCarAmer RAIL 2.1 cc 16.76 0.44 .09 27.30 16.89 HeritageFin HFWA 2.0 20 26.30 0.20 .13 104.61 35.80 iRobot IRBT ... 43 83.99 +0.34 ... 173.54 114.76 Littelfuse LFUS .8 32 171.90 +2.96 .33
22.63 11.47 EntellusMedical ENTL ... dd 17.67 +1.78 ... 11.99 7.91 FrequencyElec FEIM ... dd 8.85 0.64 ... 45.85 19.02 HibbettSports HIBB ... 8 20.10 0.25 ... 19.94 12.48 IronwoodPharm IRWD ... dd 19.06 0.13 ... 63.21 40.84 LivaNova LIVN ... dd 62.11 0.53 ...
39.25 22.34 EnterpriseBncp EBTC 1.5 20 35.17 1.67 .135 17.09 7.60 Freshpet FRPT ... dd 17.00 +0.95 ... 6.00 1.88 HighpowerIntl HPJ ... 6 3.85 +0.50 ... 71.95 40.53 Itron ITRI ... 74 70.85 +2.45 ... 26.05 12.68 LiveOakBcshs LOB .3 56 24.35 0.70 .02
46.25 26.84 EnterpriseFinSvcs EFSC 1.1 17 40.50 1.15 .11 78.30 13.13 FrontierComm FTR ... dd 14.77 1.13 ... 10.95 4.88 HimaxTechs HIMX 1.6 35 8.09 0.07 .13 36.95 22.84 IturanLocation ITRN 5.1 17 31.40 0.35 .24 11.95 5.43 LivePerson LPSN ... dd 11.60 +0.10 ...
9.32 5.20 Enzymotec ENZY ... dd 7.25 0.60 ... 1.74 0.75 FuelTech FTEK ... dd .85 +0.06 ... 203.01 125.54 HinghamSvg HIFS .7 16 184.30 +4.90 .32 39.23 16.11 LogitechIntl LOGI 1.5 34 38.87 +1.94 .566
18.50
81.30
7.02
39.89
Epizyme
ePlus
EPZM
PLUS
...
...
dd
24
14.90
76.85
+0.20
+1.55
...
...
5.67
13.90
0.80
4.49
FuelCell
FulgentGenetics
FCEL
FLGT
...
...
dd
dd
1.42
6.17
+0.17
0.19
...
...
23.55
46.80
15.08
35.15
HollysysAuto
Hologic
HOLI
HOLX
...
...
13
16
17.10
45.17
+0.68
+0.09
.20
... J 123.95
13.99
61.82
3.31
LogMeIn
LonestarRscs
LOGM
LONE
.9
...
dd
dd
110.30
3.57
+3.15
0.58
.25
...
447.26 314.55 Equinix EQIX 1.8 cc 437.70 +14.40 2.00 19.90 13.39 FultonFin FULT 2.3 20 18.90 0.25 .11 47.20 27.00 HomeBancorp HBCP 1.3 17 42.22 0.97 .14 43.75 33.85 LoralSpace LORL ... 15 42.05 +0.40 ...
38.03 20.77 EquityBcshs EQBK ... 29 31.57 0.16 ... 29.69 19.74 HomeBancShares HOMB 1.5 19 24.51 0.44 .09 9.75 3.73 JAKKS Pacific JAKK ... dd 3.80 0.05 ... 83.12 17.14 LoxoOncology LOXO ... dd 74.41 2.34 ...
20.95 2.07 FutureFinTech FTFT ... dd 2.20 0.16 ... 8.15 4.42 JA Solar JASO ... 4 6.28 +0.08 ...
7.82 4.83 Ericsson ERIC 1.5 dd 7.43 +0.20 .1112 33.70 21.01 HomeStreet HMST ... 12 27.65 0.55 ... 81.81 47.26 lululemon LULU ... 28 59.81 +1.45 ...
143.21 102.81 J&JSnackFoods JJSF 1.3 32 129.38 2.21 .42
129.15
14.70
96.01
9.97
ErieIndemnity A
Escalade
ERIE
ESCA
2.6
3.6
30
16
120.12
12.95
3.53
0.10
.7825
.115 G 27.05
46.60
17.28
22.16
HomeTrustBcshs
HookerFurniture
HTBI
HOFT
...
1.1
41
18
24.25
42.55
0.40
+1.25
...
.12 44.18 21.22 JD.com JD ... dd 42.01 +2.79 ...
67.30
23.75
25.35
17.64
Lumentum
Luminex
LITE
LMNX
...
1.2
dd
65
63.80
20.76
+2.20
0.26
...
.06
50.52 9.40 EsperionTherap ESPR ... dd 48.75 +2.00 ... 22.99 15.00 HopeBancorp HOPE 2.6 17 18.21 0.72 .12 6.00 1.53 JMU JMU ... dd 2.17 0.23 ... 17.99 10.88 LumosNetworks LMOS ... dd 17.91 +0.03 ...
32.64 13.36 Essendant ESND 4.1 dd 13.77 0.68 .14 10.76 6.90 GDSHoldings GDS ... dd 9.59 +1.39 ... 15.45 11.00 HopFedBancorp HFBC 1.4 27 14.57 +0.13 .05 91.48 62.55 j2Global JCOM 1.8 28 84.28 +0.51 .375
106.46 79.00 JackHenry JKHY 1.2 31 105.20 +1.60 .31
16.05
91.68
9.41
70.51
Etsy
EuronetWorldwide
ETSY
EEFT
...
...
dd
28
15.06
90.94
+0.04
+3.71
...
...
20.60
9.68
13.35
4.46
G1Therapeutics
GSI Tech
GTHX
GSIT
...
...
...
dd
15.42
7.91
1.48
0.29
...
...
28.63
23.44
17.37
9.45
HorizonBancorp
HorizonPharma
HBNC
HZNP
2.0
...
23
dd
26.57
13.02
+0.04
+0.69
.13
... 113.30 86.52 JackintheBox JACK 1.7 23 94.64 2.75 .40 M
3.00 1.87 Ever-Glory EVK ... 5 2.55 0.10 ... 137.88 79.62 GWPharm GWPH ... dd 106.15 +4.07 ... 13.95 9.64 HorizonTechFin HRZN 10.3 dd 11.60 +0.26 .10 11.62 6.71 Jamba JMBA ... dd 8.04 +0.54 ...
26.87 11.76 Everbridge EVBG ... dd 22.74 0.69 ... 12.40 6.05 Gaia GAIA ... dd 10.80 0.05 ... 14.07 6.42 Hortonworks HDP ... dd 13.32 +0.55 ... 46.20 33.04 JamesRiver JRVR 3.1 15 39.01 1.08 .30 62.75 34.90 Macom Tech MTSI ... dd 60.51 +2.57 ...
24.99 6.15 EverspinTech MRAM ... dd 23.82 +1.66 ... 94.88 51.91 Galapagos GLPG ... cc 77.01 +0.32 ... 32.68 26.06 HospitalityProp HPT 7.1 26 29.42 +0.36 .52 163.75 95.80 JazzPharma JAZZ ... 24 154.47 0.02 ... 48.47 35.00 MB Fin MBFI 2.0 19 42.56 1.93 .21
7.09 4.65 Evogene EVGN ... dd 5.35 +0.50 ... 38.89 29.32 Gaming&Leisure GLPI 6.7 22 37.07 0.05 .62 17.69 9.15 HoughtonMifflin HMHC ... dd 11.85 0.10 ... 24.13 15.70 JetBlue JBLU ... 13 23.43 +0.07 ... 12.25 8.17 MBT Fin MBTF 2.0 15 9.90 0.25 .05
16.89 12.34 Exa EXA ... dd 13.74 0.25 ... 12.50 9.13 GamingPartners GPIC 1.1 14 10.83 1.29 .12 8.05 5.05 HoustonWire HWCC 2.0 dd 5.95 +0.10 .03 49.85 26.73 JohnsonOutdoors JOUT .7 21 48.08 +0.95 .09 20.22 10.44 MCBCHoldings MCFT ... 20 20.01 +0.72 ...
31.90 22.20 Exactech EXAC ... cc 29.35 0.50 ... 56.19 44.69 Garmin GRMN 4.1 14 50.30 0.87 .51 52.50 33.45 HubGroup HUBG ... 20 39.40 +1.15 ... 29.29 12.95 JounceTherap JNCE ... ... 13.74 0.59 ... 18.64 2.75 MDC Partners MDCA 8.2 dd 10.30 +0.65 .21
27.63 8.19 Exelixis EXEL ... dd 26.74 +1.53 ... 16.51 7.25 GemphireTherap GEMP ... dd 16.31 +3.26 ... 2.41 1.00 HudsonGlobal HSON ... dd 1.34 ... ... 8.00 3.65 JuniperPharm JNP ... 9 5.00 0.05 ... 68.60 53.48 MGE Energy MGEE 2.0 28 62.85 0.50 .3075
56.66 42.00 ExlService EXLS ... 30 55.17 +0.29 ... 17.20 10.58 GencorIndustries GENC ... 27 16.15 0.15 ... 102.38 76.20 JBHunt JBHT 1.0 24 91.85 1.80 .23 35.04 17.52 JunoTherap JUNO ... dd 27.26 1.85 ... 58.00 31.93 MGPIngredients MGPI .3 29 54.30 +3.80 .04
16.15 9.13 ExOne XONE ... dd 11.68 +0.50 ... 38.39 12.26 GeneralComm A GNCMA ... dd 38.14 +1.77 ... 14.74 9.10 HuntingtonBcshs HBAN 2.3 21 13.79 +0.10 .08 88.40 44.82 MKS Instrum MKSI .9 28 79.20 +9.55 .175
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156.39 105.62 Expedia EXPE .7 79 154.17 +4.39 .28 13.67

7.29
8.03
3.28
GenMarkDiagn
GenoceaBiosci
GNMK
GNCA
...
...
dd
dd
11.62
4.94
+0.14
0.11
...
...
35.83 24.80 Hurco HURC 1.2 22 34.35 0.40 .10 K 18.00
19.65
12.85
15.40
MSB Fin
MTGEInvestment
MSBF
MTGE
...
9.5
63
9
17.50
19.00
...
+0.20
...
.45
57.97 47.23 ExpeditorsIntl EXPD 1.5 24 57.27 +0.34 .42 65.00 39.15 HuronConsulting HURN ... 25 42.30 0.35 ...
64.80 45.00 Exponent EXPO 1.4 32 58.40 +0.20 .21 33.97 25.66 GenomicHealth GHDX ... dd 32.82 +0.54 ... 23.98 10.61 HutchisonChina HCM ... cc 22.95 0.37 ... 59.00 41.53 MTS Systems MTSC 2.3 43 52.95 +1.55 .30
4.89 3.31 KCAPFinancial KCAP 14.1 21 3.41 0.01 .12 43.77 21.84 MYR Group MYRG ... 25 30.63 0.50 ...
79.94 57.80 ExpressScripts ESRX ... 11 62.14 0.36 ... 22.12 15.79 Gentex GNTX 2.2 15 18.59 0.28 .10 11.25 3.90 Hydrogenics HYGS ... dd 9.00 0.80 ... 13.57 8.07 KEYW KEYW ... dd 9.24 +0.16 ...
25.08 11.73 ExtractionOil XOG ... ... 13.07 +0.48 ... 40.00 26.60 Gentherm THRM ... 16 39.65 +0.60 ... 10.67 7.26 Macatawa MCBC 1.7 19 9.29 0.23 .04
109.59 66.88 KLA Tencor KLAC 2.2 17 99.64 +5.07 .54 33.30 16.63 Macrogenics MGNX ... dd 17.54 0.96 ...
11.03
12.00
3.56
7.55
ExtremeNetworks
Ezcorp
EXTR
EZPW
...
...
dd
33
9.48
7.70
+0.17
0.15
...
...
24.37
36.31
13.08
22.12
GeospaceTech
GermanAmerBncp
GEOS
GABC
...
1.5
dd
20
13.97
34.43
+0.49
0.10
...
.13 I 53.13
24.89
30.97
15.45
KLX
K2MGroup
KLXI
KTWO
...
...
40
dd
51.53
24.71
+0.08
+1.42
...
... 8.00 4.08 MagalSec MAGS ... dd 5.22 +0.10 ...
3.15 1.81 Geron GERN ... dd 2.87 ... ... 12.75 7.32 KVH Inds KVHI ... dd 9.75 +0.35 ... 84.71 49.50 MagellanHealth MGLN ... 23 80.10 +6.85 ...
107.98 56.41 IAC/InterActive IAC ... dd 105.36 +2.82 ... 8.70 6.51 MagicSoftware MGIC ... 29 8.20 +0.30 ...
F 48.05
51.81
30.40
18.00
GibraltarInds
GIIIApparel
ROCK
GIII
...
...
40
28
33.40
23.21
1.80
+0.44
...
... 59.55 38.64 ICF Intl ICFI ... 19 46.65 +0.35 ... 94.65
10.65
69.41
6.09
KaiserAlum
KalVistaPharm
KALU
KALV
2.2
...
16
dd
92.97
7.67
+1.84
+0.52
.50
... 8.90 5.27 magicJackVocal CALL ... dd 7.25 +0.10 ...
6.19 4.12 GilatSatellite GILT ... dd 5.53 +0.13 ... 176.50 108.51 ICU Medical ICUI ... 32 172.95 +2.10 ... 8.61 3.76 Kamada KMDA ... dd 5.70 0.20 ... 14.95 9.65 MagyarBancorp MGYR ... 64 13.50 +0.38 ...
40.15 29.00 FARO Tech FARO ... cc 39.30 +1.50 ... 88.85 63.76 GileadSciences GILD 2.9 7 70.57 +1.32 .52 173.01 92.52 IdexxLab IDXX ... 61 166.50 +5.07 ... 8.09 3.40 KandiTech KNDI ... dd 4.40 ... ... 18.95 10.25 MaidenHoldings MHLD 5.6 72 10.80 0.40 .15
149.50 114.45 F5Networks FFIV ... 21 123.84 3.79 ... 38.17 25.90 GlacierBancorp GBCI 2.4 22 35.70 1.31 .21 7.34 4.26 ID Systems IDSY ... dd 6.16 0.34 ... 14.63 6.27 KaryopharmTherap KPTI ... dd 9.44 +0.14 ... 35.64 21.82 MainSourceFncl MSFG 2.0 20 33.72 0.32 .17
30.25 17.89 FNBBancorp FNBG 1.7 19 28.75 +1.37 .12 10.12 7.33 GladstoneCap GLAD 8.5 7 9.86 +0.06 .07 23.00 13.50 IES Holdings IESC ... 3 18.50 0.30 ... 16.10 12.59 KearnyFinancial KRNY .8 70 14.65 0.60 .03 40.90 15.64 MakeMyTrip MMYT ... ... 31.55 0.65 ...
19.33 9.06 FRONTEO FTEO ... ... 13.88 1.12 ... 23.35 16.02 GladstoneComm GOOD 7.0 dd 21.49 +0.15 .125 47.92 32.90 IHSMarkit INFO ... cc 44.76 +0.49 ... 24.70 18.01 KellyServices A KELYA 1.3 7 22.92 +0.34 .075 29.50 12.35 MalibuBoats MBUU ... 23 28.72 +1.58 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

47.95 28.90 FRP Holdings FRPH ... 76 45.60 0.55 ... 9.84 7.16 GladstoneInvt GAIN 8.1 6 9.44 ... .064 41.10 19.37 II-VI IIVI ... 32 38.25 +2.80 ... 27.80 17.23 KellyServices B KELYB 1.3 7 22.35 +0.05 .075 24.54 11.91 MammothEnergy TUSK ... dd 16.37 1.17 ...
26.77 16.63 FTD FTD ... dd 19.58 ... ... 12.89 9.51 GladstoneLand LAND 4.6 cc 11.52 0.01 .044 28.99 15.94 ILG ILG 2.2 10 27.69 +0.26 .15 5.50 2.90 KemPharm KMPH ... dd 3.65 +0.35 ... 68.00 44.83 ManhattanAssoc MANH ... 27 47.49 +0.81 ...
160.32 113.55 Facebook FB ... 42 159.97 +8.53 ... 41.15 13.35 GlbBloodTherap GBT ... dd 28.45 0.40 ... 61.10 40.65 INC Research INCR ... 27 56.95 0.35 ... 10.15 8.00 KY FirstFedBncp KFFB 4.1 70 9.83 +0.26 .10 23.80 12.51 Mannatech MTEX 3.1 dd 16.25 +0.25 .125
6.73 3.38 FamousDave's DAVE ... dd 3.50 0.08 ... 11.00 1.45 GlobalBrokerage GLBR ... dd 2.00 0.05 ... 44.71 28.63 INTL FCStone INTL ... 15 37.66 0.42 ... 27.60 19.07 KewauneeSci KEQU 2.4 15 25.35 +0.33 .15 5.20 0.67 MannKind MNKD ... 1 1.28 +0.11 ...
10.35 6.79 Fanhua FANH ... 17 8.90 +0.24 .12 41.60 27.60 GlobalIndemnity GBLI ... 13 39.69 +0.49 ... 156.10 80.52 IPG Photonics IPGP ... 29 155.50 +4.87 ... 14.00 8.92 KeyTechnology KTEC ... 64 13.59 0.01 ... 45.52 33.50 ManTechIntl MANT 2.1 27 40.12 0.28 .21
37.55 28.90 FarmerBros FARM ... 5 30.40 +0.60 ... 21.80 7.79 GlobalSources GSOL ... 27 19.90 +0.15 ... 61.50 32.66 IRSA Prop IRCP 2.2 15 57.38 +0.78 .639 8.28 6.69 KeyTronic KTCC ... 12 7.17 ... ... 3.75 2.46 Marchex MCHX ... dd 2.82 0.04 ...
44.65 27.28 FarmersCapBk FFKT 1.0 21 39.05 1.00 .10 10.00 7.36 GlobalWaterRscs GWRS 2.8 dd 9.83 0.16 .0231 16.95 10.06 IXYS IXYS ... 25 16.40 0.05 ... 26.95 15.95 Kforce KFRC 2.5 14 19.10 0.55 .12 2.73 0.82 MarinusPharma MRNS ... dd 1.42 +0.06 ...
52.74 37.70 Fastenal FAST 3.0 24 42.88 1.01 .32 2.95 1.73 GluMobile GLUU ... dd 2.57 +0.11 ... 91.10 60.88 Iberiabank IBKC 1.8 19 81.05 1.15 .36 19.00 11.54 KimballElec KE ... 16 18.50 +0.30 ... 211.06 145.10 MarketAxess MKTX .7 52 190.41 3.63 .33
5.68 1.55 FateTherap FATE ... dd 3.09 0.30 ... 16.94 3.82 GlycoMimetics GLYC ... dd 10.98 0.20 ... 64.46 45.18 IcahnEnterprises IEP 11.5 dd 52.03 +0.65 1.50 18.94 10.99 KimballIntl B KBAL 1.4 19 16.73 0.33 .06 26.70 17.05 MarlinBusSvcs MRLN 2.2 21 25.00 +0.20 .14
22.45 14.03 FederatedNatl FNHC 2.1 dd 15.51 0.21 .08 13.69 8.20 Gogo GOGO ... dd 11.84 +0.66 ... 29.73 9.76 Ichor ICHR ... 26 21.67 +1.43 ... 38.32 18.00 KinsaleCapital KNSL .7 27 36.91 0.06 .06 110.51 65.91 Marriott MAR 1.3 36 100.99 +0.64 .33
12.68 7.67 Ferroglobe GSM 2.6 dd 12.51 +0.29 .08 25.82 17.72 GolarLNGPartners GMLP 11.0 7 21.06 +0.45 .5775 100.87 70.06 Icon ICLR ... 21 99.32 +1.08 ... 17.41 8.51 Kirkland's KIRK ... 18 9.69 0.51 ... 16.95 11.22 MartenTransport MRTN .6 27 16.40 +0.02 .025
34.25 15.60 FibroGen FGEN ... dd 33.50 +0.05 ... 29.18 15.09 GolarLNG GLNG .9 ... 23.29 +0.83 .05 10.80 5.91 IconixBrand ICON ... dd 6.56 +0.31 ... 106.80 39.82 KitePharma KITE ... dd 103.09 2.54 ... 25.38 15.58 MartinMidstream MMLP 10.8 27 18.50 +0.95 .50
24.95 16.24 FidelitySouthern LION 2.0 14 23.55 +0.34 .12 22.18 8.65 GoldenEnt GDEN ... 24 20.40 0.26 ... 19.33 11.71 iKangHealthcare KANG ... dd 12.43 +0.59 ... 14.44 2.50 KonaGrill KONA ... dd 2.65 0.35 ... 18.18 9.68 MarvellTech MRVL 1.4 61 16.58 +0.45 .06
30.65 18.05 FiestaRestaurant FRGI ... dd 18.25 1.55 ... 9.05 3.22 GoldenOcean GOGL ... dd 6.77 +0.88 ... 189.48 119.37 Illumina ILMN ... 34 172.33 +0.22 ... 4.49 1.93 Kopin KOPN ... dd 4.00 +0.29 ... 104.71 51.10 Masimo MASI ... 16 94.32 +3.28 ...
8.45 3.35 FifthStreetAsset FSAM 11.6 dd 4.30 0.25 .125 20.50 17.34 GolubCapital GBDC 6.5 14 19.65 +0.46 .32 11.92 6.24 Immersion IMMR ... dd 8.63 +0.10 ... 23.15 8.90 KornitDigital KRNT ... dd 21.25 +1.50 ... 20.75 14.32 MatchGroup MTCH ... 27 18.09 +0.54 ...
6.32 3.90 FifthStreetFin FSC 9.2 dd 5.44 +0.66 .125 37.20 26.26 Goodyear GT 1.1 8 36.27 +0.80 .10 8.04 1.51 Immunogen IMGN ... dd 6.79 0.94 ... 97.77 79.69 KraftHeinz KHC 2.8 30 85.65 +2.61 .60 14.24 6.07 Materialise MTLS ... dd 13.61 +1.14 ...
28.97 18.16 FifthThirdBncp FITB 2.1 14 26.08 0.40 .14 17.68 7.15 GoPro GPRO ... dd 8.18 +0.20 ... 9.51 2.02 Immunomedics IMMU ... dd 9.05 +0.63 ... 12.91 4.32 KratosDefense KTOS ... dd 11.90 0.29 ... 23.45 7.80 MatrixService MTRX ... 26 9.60 +0.25 ...
48.31 30.48 51job JOBS ... 29 47.31 +2.00 ... 24.61 17.41 GovtPropIncoTr GOV 9.5 27 18.11 +0.21 .43 31.85 7.75 ImpaxLabs IPXL ... dd 16.75 0.15 ... 23.00 11.29 Kulicke&Soffa KLIC ... 18 22.23 +2.26 ... 34.24 19.41 Mattel MAT 2.8 27 21.06 +0.25 .15
45.75 25.00 FinancialEngines FNGN .7 65 37.95 +2.70 .07 83.00 39.07 GrandCanyonEduc LOPE ... 23 76.98 1.39 ... 57.24 34.40 Imperva IMPV ... dd 50.85 +3.40 ... 12.10 3.75 KuraOncology KURA ... dd 9.05 0.45 ... 4.65 2.35 Mattersight MATR ... dd 2.55 +0.05 ...
35.40 25.98 FinInstitutions FISI 2.8 14 29.90 +0.05 .21 12.37 10.25 GreatElmCap GECC 9.4 dd 10.64 0.01 .083 60.85 16.36 Impinj PI ... dd 52.62 +1.47 ... 77.85 56.72 MatthewsIntl MATW 1.1 29 64.25 0.30 .17
36.85 18.00 Finisar FNSR ... 13 27.40 +0.79 ... 153.15 75.52 Incyte INCY ... dd 134.27 +3.43 ... 49.70 37.25 MaximIntProducts MXIM 2.8 27 47.10 +1.36 .33
24.52 12.25 FinishLine FINL 3.1 45 14.28 0.26 .11
4.10
5.45
2.95
3.05
GreatElmCap
GreatLakesDredge
GEC
GLDD
...
...
dd
dd
3.45
4.35
...
+0.15
...
... 71.95 46.75 IndependentBank INDB 1.9 23 66.55 0.80 .32 L 11.76 3.85 MaxPoint MXPT ... dd 7.27 ... ...
18.42 10.35 FireEye FEYE ... dd 15.49 +0.11 ... 56.70 38.11 GreatSouthernBncp GSBC 1.8 16 52.65 1.60 .24 23.65 14.82 IndepBankMI IBCP 1.9 18 21.20 0.65 .10 6.48 4.20 MaxwellTechs MXWL ... dd 5.81 0.04 ...
32.27 17.50 FirstBancorpNC FBNC 1.0 23 30.82 0.75 .08 20.55 9.12 GreenBancorp GNBC ... cc 20.35 +0.10 ... 66.85 34.00 IndependentBank IBTX .7 20 58.90 1.05 .10 43.07 26.82 LGI Homes LGIH ... 13 42.46 +0.55 ... 45.64 19.20 MazorRobotics MZOR ... dd 41.79 +2.98 ...
33.21 20.27 FirstBancorp FNLC 3.6 16 26.96 0.45 .24 29.85 18.98 GreenPlains GPRE 2.3 26 20.45 +0.30 .12 13.24 7.23 Infinera INFN ... dd 11.38 +0.78 ... 69.35 32.04 LHC Group LHCG ... 30 65.35 1.13 ... 39.86 29.27 McGrathRentCorp MGRC 3.1 21 33.96 0.67 .26
30.80 16.99 FirstBancshares FBMS .5 21 27.60 +0.20 .0375 21.75 15.96 GreenPlainsPtrs GPP 9.3 10 18.90 +0.20 .44 3.84 0.84 InfinityPharm INFI ... dd 1.38 0.13 ... 36.35 27.85 LKQ LKQ ... 20 32.54 +1.05 ... 8.20 1.60 MedallionFin MFIN 9.0 3 2.23 0.02 .05
14.80 7.00 FirstBank FRBA .7 19 12.05 0.05 .02 24.10 19.25 GreenlightCapRe GLRE ... 75 21.05 0.05 ... 101.70 73.80 InfinityPropCas IPCC 2.4 23 96.70 +2.90 .58 43.79 23.24 LPL Financial LPLA 2.3 21 43.28 +0.73 .25 55.95 30.80 Medicines MDCO ... dd 38.70 +0.37 ...
32.22 21.80 FirstBusey BUSE 2.5 20 29.21 0.68 .18 18.29 7.76 Gridsum GSUM ... dd 8.90 +1.08 ... 4.32 2.95 InfoSvcsGrp III ... dd 4.15 +0.05 ... 11.61 8.12 LSI Inds LYTS 2.2 60 9.03 +0.16 .05 7.78 4.85 MediciNova MNOV ... dd 5.29 +0.16 ...
28.43 18.76 FirstBusFinSvcs FBIZ 2.3 15 22.96 0.64 .13 32.88 27.57 GriffinIndlRealty GRIF 1.0 31 31.33 0.18 .30 52.40 29.35 InglesMarkets IMKTA 2.2 12 30.10 0.90 .165 16.59 13.08 LakeShoreBancorp LSBK 2.0 41 15.76 0.06 .08 82.83 46.10 MedidataSolutions MDSO ... cc 81.77 +2.14 ...
395.15 253.95 FirstCitizBcshA FCNCA .3 19 373.70 9.54 .30 22.83 14.27 Grifols GRFS 1.6 24 20.88 +0.28 .1635 11.94 8.07 InnerWorkings INWK ... 51 11.65 0.02 ... 20.88 11.47 LakelandBcp LBAI 2.1 19 18.95 0.35 .10 8.58 4.25 MediWound MDWD ... dd 7.05 +0.35 ...
31.94 20.47 FstCmntyBcsh FCBC 2.3 19 27.84 0.27 .16 5.94 2.90 Groupon GRPN ... dd 3.99 +0.28 ... 6.51 0.53 Innocoll INNL ... dd 2.25 0.04 ... 48.88 32.72 LakelandFin LKFN 1.9 23 45.40 1.80 .22 38.94 21.76 Medpace MEDP ... 57 27.68 1.56 ...
27.50 16.02 FirstConnBncp FBNK 1.8 24 26.30 0.85 .12 53.58 30.05 GrAeroportuario OMAB 12.1 25 51.15 +3.70 1.5476 2.80 1.35 Innodata INOD ... dd 1.55 0.15 ... 16.45 8.52 LakelandInd LAKE ... 20 15.60 +0.35 ... 23.94 12.08 MelcoResorts MLCO 1.7 43 21.20 0.48 .09
20.85 12.00 1stConstBncp FCCY 1.2 16 17.25 ... .05 28.10 16.35 GuarantyBncp GBNK 1.8 24 27.20 0.50 .125 58.22 37.02 Innophos IPHS 4.5 19 42.97 0.10 .48 167.05 87.63 LamResearch LRCX 1.1 20 157.30 +9.17 .45 52.80 38.75 MellanoxTech MLNX ... cc 45.00 +1.40 ...
56.90 35.90 FirstDefiance FDEF 1.9 18 52.77 0.74 .25 36.38 29.00 GuarantyBcshrs GNTY .8 ... 31.14 1.20 .13 74.75 49.32 Innospec IOSP 1.2 20 64.70 0.65 .38 79.09 58.68 LamarAdvertising LAMR 4.6 24 72.02 0.56 .83 297.95 147.33 MercadoLibre MELI .2 78 273.58 +17.98 .15
29.80 18.65 FirstFinBncpOH FFBC 2.5 18 27.70 0.55 .17 21.95 15.89 GuarFedBcsh GFED 1.8 17 21.74 +0.84 .10 4.54 2.58 InnovSolSuprt ISSC ... 13 3.91 0.25 ... 149.30 117.50 LancasterColony LANC 1.8 29 122.90 +1.21 .55 38.68 23.60 MercantileBank MBWM 2.3 17 31.53 0.78 .18
46.70 33.29 FirstFinBkshs FFIN 1.8 27 42.85 1.30 .19 7.80 4.52 GuidanceSoftware GUID ... dd 7.14 +0.60 ... 14.55 8.67 Innoviva INVA ... 19 12.92 +0.34 ... 15.50 10.59 Landec LNDC ... 31 14.40 0.05 ... 12.98 7.03 MercerIntl MERC 4.0 21 11.55 +0.45 .115
53.49 35.47 FirstFinIN THFF 2.1 17 47.70 0.50 .50 13.95 6.73 GulfIslandFab GIFI .4 dd 11.10 0.15 .01 97.71 49.60 Inogen INGN ... cc 95.08 +0.22 ... 32.40 23.86 LandmarkBncp LARK 2.7 13 29.55 +0.08 .20 44.92 21.52 MercurySystems MRCY ... 73 44.41 +0.86 ...
21.29 13.10 FirstFinNW FFNW 1.7 20 16.63 0.86 .07 2.75 1.48 Gulf Resources GURE ... 2 1.64 +0.06 ... 9.90 0.85 InotekPharm ITEK ... dd .93 0.80 ... 18.44 12.55 LandmarkInfrPtrs LMRK 8.5 38 16.60 +0.40 .3525 20.55 14.67 MeridianBancorp EBSB 1.0 24 16.70 0.40 .04
17.26 11.02 FirstFoundation FFWM ... 22 16.63 +0.07 ... 31.18 12.47 GulfportEnergy GPOR ... dd 13.75 0.22 ... 19.71 8.60 Inovalon INOV ... 68 12.50 0.80 ... 90.80 65.05 LandstarSystem LSTR .4 26 87.90 0.60 .09 20.54 10.75 MeridianBiosci VIVO 3.3 21 15.20 0.35 .125
27.85 15.53 FirstGuarBcshs FGBI 2.4 14 26.80 0.57 .16 11.00 5.83 InovioPharma INO ... dd 7.96 +0.08 ... 18.80 3.46 Lantheus LNTH ... 29 17.55 0.45 ... 38.55 20.41 MeritMedical MMSI ... 56 37.55 0.75 ...
35.47 23.00 FirstHawaiian FHB 2.9 19 30.06 0.73 .22 3.80 0.87 Inseego INSG ... dd 1.25 0.16 ... 7.99 5.63 LatticeSemi LSCC ... dd 6.74 +0.17 ... 6.79 1.13 MerrimackPharm MACK ... dd 1.36 0.11 1.0552
33.00 22.12 FirstInternetBncp INBK .9 13 28.10 0.75 .06 H 53.19 24.23 InsightEnt NSIT ... 17 42.01 +1.82 ... 18.96 12.12 LaureateEduc LAUR ... 9 17.58 +0.25 ... 14.70 12.71 MersanaTherap MRSN ... ... 14.05 +0.76 ...
45.35 28.00 FirstInterBanc FIBK 2.6 17 36.80 0.95 .24 19.35 10.21 Insmed INSM ... dd 17.00 0.27 ... 28.10 15.28 LawsonProducts LAWS ... dd 21.40 1.20 ... 33.63 8.00 Merus MRUS ... dd 17.00 ... ...
43.48 25.00 FirstMerchants FRME 1.8 19 40.05 0.74 .18 27.54 12.72 H&E Equipment HEES 5.0 21 21.90 +2.03 .275 42.81 22.50 InsteelInds IIIN .4 18 33.55 0.20 .03 11.42 6.98 LayneChristensen LAYN ... dd 9.49 +0.51 ... 169.81 102.14 MesaLab MLAB .4 51 148.52 +4.76 .16
37.78 22.95 FirstMidILBcsh FMBH 1.8 17 35.01 0.47 .32 44.73 28.97 HD Supply HDS ... 21 30.70 +0.28 ... 52.48 30.69 Insulet PODD ... dd 50.73 0.80 ... 10.10 5.40 LeapTherap LPTX ... ... 7.60 +0.78 ... 12.50 3.95 Mesoblast MESO ... cc 7.62 0.41 ...
25.83 18.26 FirstMidwestBncp FMBI 1.7 20 23.27 0.47 .10 18.70 13.34 HMN Fin HMNF ... 14 17.50 ... ... 19.96 8.70 InsysTherap INSY ... dd 12.15 0.89 ... 2.77 1.13 LegacyReserves LGCY ... dd 1.23 0.11 ... 106.90 51.01 MetaFinancial CASH .6 18 90.75 +1.60 .13
17.24 12.62 FirstNWBncp FNWB ... 34 15.64 0.43 ... 24.00 15.94 HMS Holdings HMSY ... 45 18.47 0.03 ... 55.24 37.71 IntegraLifeSci IART ... 65 54.98 +1.32 ... 44.94 27.86 LegacyTexasFin LTXB 1.6 19 37.74 0.26 .15 53.35 26.83 Methanex MEOH 2.7 29 44.70 +1.80 .30
49.50 25.56 FirstSolar FSLR ... dd 42.94 +3.54 ... 52.81 30.75 HSN HSNI 3.7 18 38.35 1.25 .35 26.66 18.49 IntegratedDevice IDTI ... 33 26.34 +0.46 ... 33.22 13.81 LeMaitreVascular LMAT .8 49 29.14 2.85 .055 27.63 17.25 Michaels MIK ... 10 18.26 0.01 ...
50.78 32.90 1stSource SRCE 1.6 21 48.62 0.05 .19 19.75 13.20 HabitRestaurants HABT ... 63 16.90 +0.20 ... 38.45 33.23 Intel INTC 3.1 15 34.68 +0.80 .2725 184.05 75.05 LendingTree TREE ... 78 173.65 +4.75 ... 87.49 53.33 MicrochipTech MCHP 1.8 cc 80.84 +2.48 .3615
17.30 9.23 FirstSouthBancorp FSBK .8 22 16.85 0.12 .035 20.69 13.06 HackettGroup HCKT 1.9 21 16.07 +0.31 .15 24.90 10.83 IntelliaTherap NTLA ... dd 17.26 +0.68 ... 19.62 13.41 LexiconPharm LXRX ... dd 15.98 0.17 ... 32.96 13.02 MicronTech MU ... 15 31.79 +1.59 ...
16.95 9.87 FirstUnited FUNC ... 18 15.20 +0.25 ... 10.51 7.02 HailiangEduc HLG ... ... 9.00 0.50 ... 41.70 27.05 InterParfums IPAR 1.9 28 36.05 0.30 .17 91.16 60.48 LibertyBroadbandA LBRDA ... 14 87.58 +3.12 ... 57.97 33.64 Microsemi MSCC ... 26 50.63 +2.08 ...
8.60 6.41 FirsthandTechVal SVVC ... dd 8.19 0.09 ... 56.99 31.01 HainCelestial HAIN ... dd 39.93 +1.07 ... 39.68 31.97 InteractiveBrkrs IBKR 1.1 34 37.90 +0.46 .10 92.40 60.19 LibertyBroadbandC LBRDK ... 14 88.57 +2.65 ... 73.27 52.93 Microsoft MSFT 2.1 32 72.78 +3.32 .39
65.43 39.05 FirstService FSV .8 59 64.42 +1.24 .1225 12.09 9.71 HallmarkFin HALL ... 33 11.24 0.16 ... 177.93 96.63 InterceptPharm ICPT ... dd 128.45 +4.22 ... 56.05 35.96 LibertyExpediaA LEXEA ... ... 55.90 +1.28 ... 207.28 161.90 MicroStrategy MSTR ... 23 184.73 0.26 ...
127.10 92.81 Fiserv FISV ... 31 123.61 +0.84 ... 15.20 8.18 HalozymeTherap HALO ... dd 13.21 +0.18 ... 102.30 53.40 InterDigital IDCC 1.6 9 75.85 1.90 .30 37.69 28.17 LibertyGlobal A LBTYA ... 20 32.82 +1.36 ... 2.94 0.89 MicroVision MVIS ... dd 2.42 +0.22 ...
 July 17, 2017 BARRONS M21

Nasdaq Issues
52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt.
52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt.
52-Week
High Low Name
Tick Div
Sym Yld P/E Last Chg. Amt. FIVE-DAY NASDAQ COMPOSITE
3.37 1.17 MidConEnergy MCEP ... dd 1.33 +0.14 ... 30.80 20.45 NxstageMed NXTM ... dd 24.28 0.78 ... 26.22 17.15 PilgrimPride PPC ... 14 22.44 +1.14 ...
28.95 15.80 MidPennBancorp MPB 1.9 14 27.03 +1.33 .13 3.33 1.16 OHAInvestment OHAI 6.5 dd 1.23 0.12 .02 22.10 10.41 PinnacleEnt PNK ... dd 19.38 0.24 ... Ill Be Your Server: Intel unveiled its next chip for data center servers.
150.87 108.45 Middleby MIDD ... 24 123.70 +3.35 ... 12.15 5.99 OPKOHealth OPK ... dd 6.13 0.25 ... 71.85 49.40 PinnacleFinPtrs PNFP .9 21 63.15 0.40 .14
44.48 32.23 MiddlesexWater MSEX 2.2 28 38.01 0.94 .2113 11.60 7.15 Orbcomm ORBC ... dd 11.48 +0.15 ... 6.22 1.91 Pixelworks PXLW ... ... 4.98 +0.20 ... Analysts said Apple is struggling to finish its next iPhone design. The
37.58 21.96 MidlandStBncp MSBI 2.4 15 33.78 +0.13 .20 292.84 169.43 OReillyAuto ORLY ... 17 184.22 +11.37 ... 12.27 9.81 PlayaHotels PLYA ... dd 11.78 +0.18 ...
39.20 26.50 MidWestOneFin MOFG 1.9 18 34.67 0.31 .165 82.26 58.17 OSI Systems OSIS ... 60 78.26 +1.63 ... 1.40 0.71 PlayaHotelsWt PLYAW ... ... 1.05 0.11 ... Nasdaq Composite Index ended Friday at 6,312up 2.6% for the week.
36.46 26.99 MillerHerman MLHR 2.0 17 34.25 +0.15 .17 2.80 1.48 O2MicroIntl OIIM ... dd 1.84 +0.01 ... 58.74 43.56 Plexus PLXS ... 18 52.76 +1.18 ...
29.48 9.64 Mimecast MIME ... dd 27.22 +0.03 ... 15.88 8.27 ObalonTherap OBLN ... ... 8.99 0.07 ... 124.26 88.65 Pool POOL 1.3 32 116.38 3.88 .37 Monday Tuesday Wednesday Thursday Friday
2.94 2.03 Mind CTI MNDO 12.9 12 2.49 +0.03 .32 14.70 5.00 ObsEva OBSV ... ... 8.33 +0.28 ... 45.96 30.44 Popular BPOP 2.4 19 41.25 0.70 .25 6320
29.75 16.43 Mindbody MB ... dd 26.05 +0.35 ... 2.89 0.12 OceanRigUDW ORIG ... dd .20 +0.06 ... 63.93 15.68 PortolaPharm PTLA ... dd 62.42 +3.94 ...
14.92 6.50 MinervaNeurosci NERV ... dd 8.60 0.55 ... 30.70 18.34 OceanFirstFin OCFC 2.2 25 26.75 0.33 .15 14.55 10.50 Potbelly PBPB ... 41 12.60 +0.40 ...
4.42 1.12 MirnaTherap MIRN ... dd 1.90 +0.20 ... 3.15 0.52 OceraTherap OCRX ... dd 1.25 +0.11 ... 48.85 34.22 Potlatch PCH 3.3 69 46.10 +0.45 .375
12.00 4.85 Misonix MSON ... dd 7.95 1.50 ... 11.30 5.10 Oclaro OCLR ... 20 9.90 +0.33 ... 47.24 30.49 PowellIndustries POWL 3.2 40 32.72 +0.47 .26
5.14 2.65 MitchamIndustries MIND ... dd 3.82 0.06 ... 11.91 4.04 OcularTherapeutix OCUL ... dd 6.33 0.79 ... 78.75 51.01 PowerIntegrations POWI .7 44 78.47 +4.43 .14 6275
8.52 6.21 MitelNetworks MITL ... dd 7.07 0.05 ... 5.84 3.01 OfficeDepot ODP 1.7 7 5.74 +0.02 .025 58.12 31.24 PreferredBankLA PFBC 1.4 21 56.23 +0.92 .20
38.13 23.40 MobileMini MINI 3.1 28 29.55 0.20 .227 37.50 21.60 OhioValleyBanc OVBC 2.3 23 37.25 +0.45 .21 61.21 39.78 PreformedLine PLPC 1.7 17 46.98 0.02 .20
6.78 2.56 MobileIron MOBL ... dd 6.05 +0.15 ... 28.25 22.05 Okta OKTA ... ... 23.14 0.26 ... 22.20 14.81 PremierFinBncp PFBI 2.9 17 20.60 0.84 .15
2.08 1.15 ModusLink MLNK ... dd 1.67 0.01 ... 100.39 64.16 OldDomFreight ODFL .4 27 99.99 +2.15 .10 36.50 28.27 Premier PINC ... cc 36.15 +0.71 ... 6230
19.90 10.50 MomentaPharm MNTA ... dd 16.90 +0.20 ... 18.95 12.86 OldNatlBncp ONB 3.0 16 17.10 0.40 .13 5.50 1.86 Presbia LENS ... dd 2.14 +0.02 ...
45.95 12.43 Momo MOMO ... 39 41.37 +2.10 ... 12.75 7.00 Old2ndBcp OSBC .3 20 11.65 0.30 .01 16.38 12.75 Presidio PSDO ... dd 14.67 +0.04 ...
32.55 21.13 MonarchCasino MCRI ... 21 29.82 0.63 ... 44.08 24.12 Ollie'sBargain OLLI ... 41 43.25 +0.65 ... 1955.62 1305.09 Priceline PCLN ... 44 1950.87 +32.37 ...
47.23 40.50 Mondelez MDLZ 1.7 39 43.62 +0.40 .19 31.19 15.83 OlympicSteel ZEUS .4 29 19.05 +0.43 .02 94.40 75.80 PriceSmart PSMT .9 27 82.15 0.38 .35
17.92 5.83 MoneyGram MGI ... 38 16.78 0.58 ... 69.80 34.00 OmegaFlex OFLX 1.3 43 68.50 +0.97 .22 3.26 1.70 PrimaBiomed PBMD ... dd 1.86 0.06 ... 6185
103.92 70.00 MonolithicPower MPWR .8 76 100.79 +2.76 .20 27.09 7.20 Omeros OMER ... dd 21.32 +2.21 ... 15.39 10.74 PrimoWater PRMW ... dd 12.77 +0.30 ...
44.60 30.35 Omnicell OMCL ... dd 42.90 +0.05 ... (Prev Fri's
25.19 15.75 MonotypeImaging TYPE 2.5 91 18.10 0.05 .113 29.19 16.13 PrimorisSvcs PRIM .9 40 24.89 +0.14 .055
16.93 9.33 ON Semi ON ... 29 15.08 +0.78 ... 11.72 4.82 ProgenicsPharm PGNX ... 62 6.82 +0.08 ... Close) +23.31 +16.91 +67.87 +13.27 +38.03
66.48 39.65 MonroMuffler MNRO 1.7 23 41.60 +0.85 .18
55.50 40.64 MonsterBeverage MNST ... 42 51.67 +0.97 ... 5.49 0.95 Oncobiologics ONS ... dd 1.11 0.11 ... 32.47 25.55 ProgressSoftware PRGS 1.6 dd 31.69 +0.13 .125 6140
85.49 67.74 Morningstar MORN 1.2 23 78.73 +0.52 .23 1.67 0.05 OncobiologicsWtA ONSIW ... ... .16 0.01 ... 94.33 64.62 Proofpoint PFPT ... dd 89.80 +4.08 ... 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
34.73 21.75 MotorcarParts MPAA ... 15 28.07 +0.23 ... 1.90 0.05 OncobiologicsWtB ONSIZ ... ... .09 ... ... 8.70 3.65 ProQR Therap PRQR ... dd 5.30 +0.10 ...
5.52 2.55 MtnProvDiamonds MPVD ... dd 3.20 +0.20 ... 12.77 3.14 OncoMedPharm OMED ... dd 3.55 +0.13 ... 9.58 7.07 ProspectCapital PSEC 12.3 10 8.14 +0.03 .0833
88.25 62.51 Multi-Color LABL .2 23 82.55 +1.15 .05 11.40 8.06 1-800-FLOWERS FLWS ... 27 9.60 0.05 ... 26.36 8.00 ProtagonistTherap PTGX ... dd 13.56 +0.87 ...
36.90 25.97 MutualFirstFin MFSF 1.9 18 34.05 0.45 .16 1.72 1.18 180DegreeCap TURN ... dd 1.61 +0.01 ... 11.45 1.10 ProteonTherap PRTO ... dd 1.40 0.15 ... 52-Week Tick Div 52-Week Tick Div
50.40 33.60 Mylan MYL ... 39 39.21 +1.60 ... 9.00 5.65 1347 Property PIH ... 34 7.80 0.03 ... 20.63 3.50 ProteostasisTher PTI ... dd 4.81 +0.05 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
22.83 10.55 MyoKardia MYOK ... dd 13.85 +0.40 ... 35.21 29.25 OpenText OTEX 1.6 8 32.97 +1.59 .132 68.18 40.58 Prothena PRTA ... dd 63.66 +4.77 ...
65.96 2.24 Ophthotech OPHT ... dd 2.69 0.07 ... 51.26 34.89 ProvidenceService PRSC ... 10 49.72 0.68 ... 140.38 102.29 SBA Comm SBAC ... cc 136.49 0.19 ... 50.81 32.60 Sohu.com SOHU ... dd 46.16 +1.70 ...
32.54 15.15 MyriadGenetics MYGN ... 55 24.74 0.92 ... 5.51 1.55 SCYNEXIS SCYX ... dd 1.85 +0.03 ... 22.94 19.26 SolarCapital SLRC 7.3 10 21.79 0.05 .40
10.40 6.64 Optibase OBAS ... dd 8.60 1.40 ... 20.66 17.68 ProvidentFin PROV 2.7 22 18.96 0.60 .13
55.93 42.12 SEI Investments SEIC 1.0 26 55.82 +1.74 .28 18.46 15.06 SolarSeniorCap SUNS 8.1 11 17.34 +0.17 .1175
NO
3.80 2.14 OpticalCable OCC ... cc 2.50 0.04 ... 18.74 14.17 PrudentialBancorp PBIP .7 cc 17.06 0.58 .03
37.34 18.20 OpusBank OPB 3.4 cc 23.50 0.25 .20 4.25 1.26 pSivida PSDV ... dd 1.51 0.25 ... 16.45 12.30 SI Financial SIFI 1.3 16 15.95 0.35 .05 22.15 11.35 SolarEdgeTech SEDG ... 16 21.85 +0.95 ...
19.05 6.23 OraSureTechs OSUR ... 37 19.01 +1.12 ... 6.98 0.50 Pulmatrix PULM ... dd 2.39 +0.03 ... 97.81 43.51 Sina SINA ... 28 93.25 +6.63 ... 30.05 21.12 Sonic SONC 2.2 17 25.76 0.59 .14
10.95 6.39 Napco Security NSSC ... 30 9.40 +0.20 ... 37.48 26.69 Orbotech ORBK ... 22 35.68 +1.77 ... 94.70 28.35 PumaBiotech PBYI ... dd 89.55 +2.50 ... 13.20 6.93 SLM SLM ... 20 11.65 +0.29 ... 10.00 5.51 SonusNetworks SONS ... dd 7.78 +0.17 ...
42.56 29.23 NBT Bancorp NBTB 2.5 20 36.62 0.49 .23 5.70 1.65 OrexigenTherap OREX ... dd 2.88 0.08 ... 33.40 18.88 QAD A QADA .9 dd 30.55 1.15 .072 17.69 11.50 SMART Global SGH ... ... 15.63 0.36 ... 7.66 4.65 SotherlyHotels SOHO 6.5 71 6.43 0.22 .105
21.40 10.98 NCI NCIT ... 61 19.95 ... ... 4.99 2.48 OrganovoHoldings ONVO ... dd 2.63 0.09 ... 27.13 16.86 QAD B QADB 1.0 dd 24.90 1.14 .06 1.85 1.10 SMTC SMTX ... dd 1.20 ... ... 93.40 69.40 SouthState SSB 1.6 22 84.05 2.70 .33
29.07 19.25 NCS Multistage NCSM ... ... 23.12 +0.34 ... 3.19 1.30 OriginAgritech SEED ... dd 1.38 0.03 ... 49.80 27.48 QCR Holdings QCRH .4 21 47.55 0.70 .05 9.74 1.71 SORL AutoParts SORL ... 6 7.92 0.19 ... 38.55 24.53 SouthernFirstBcsh SFST ... 19 37.10 +0.05 ...
81.16 63.15 NICE NICE .8 48 78.65 +1.42 .16 19.00 15.35 OritaniFinancial ORIT 4.1 13 17.00 0.30 .175 26.55 11.26 QIWI QIWI 3.9 34 22.72 1.24 .22 5.99 0.28 SPI Energy SPI ... ... .69 +0.11 ... 37.00 23.00 SoMO Bancorp SMBC 1.3 15 31.76 0.84 .10
25.90 18.00 NIC EGOV 1.7 22 18.75 +0.10 .08 48.25 32.51 OrthofixIntl OFIX ... dd 45.96 0.50 ... 35.26 22.80 Qiagen QGEN ... 95 34.07 +0.80 ... 38.55 22.60 SPPlus SP ... 24 31.30 ... ... 18.48 12.14 SoNtlBcpVA SONA 1.8 22 17.70 0.27 .08
3.63 0.36 NII Holdings NIHD ... dd .59 0.03 ... 19.45 11.30 Otonomy OTIC ... dd 19.05 +0.35 ... 79.34 48.28 Qorvo QRVO ... dd 67.32 +1.46 ... 74.85 48.11 SPS Commerce SPSC ... cc 60.13 1.76 ... 38.04 29.29 SouthsideBcshs SBSI 3.1 19 34.93 0.53 .2732
12.55 5.89 NMI Holdings NMIH ... 10 12.20 +0.05 ... 42.55 32.99 OtterTail OTTR 3.2 23 39.45 ... .32 71.62 51.05 Qualcomm QCOM 4.0 19 56.81 +1.46 .57 39.99 28.43 SS&C Tech SSNC .6 47 39.84 +0.75 .0625 29.70 16.97 SouthwestBncpOK OKSB 1.3 23 25.35 0.45 .08
31.65 13.43 NN NNBR 1.0 48 29.20 +1.75 .07 8.98 1.25 Ovascience OVAS ... dd 1.50 0.03 ... 17.55 10.61 QualitySystems QSII ... 60 17.32 +0.25 ... 198.83 96.87 SVB Fin SIVB ... 24 181.70 0.02 ... 23.65 11.29 SparkEnergy SPKE 3.6 23 19.95 +0.15 .1813
109.98 79.50 NXP Semi NXPI ... 25 109.40 +0.29 ... 20.50 13.05 Overstock OSTK ... dd 16.20 0.10 ... 44.35 29.69 Qualys QLYS ... 45 42.25 +0.80 ... 29.10 19.30 SabraHealthcare SBRA 7.4 16 23.24 +0.08 .43 65.99 35.07 SparkTherap ONCE ... dd 59.36 2.47 ...
11.79 10.25 NabrivaTherap NBRV ... dd 10.52 +0.02 ... 15.93 8.79 OvidTherap OVID ... ... 9.20 0.51 ... 25.45 13.75 QuantennaComms QTNA ... dd 19.48 +0.13 ... 29.63 20.09 Sabre SABR 2.6 29 21.71 +0.28 .14 10.50 6.30 SpartanMotors SPAR 1.2 41 8.65 0.10 .05
32.42 18.65 Nanometrics NANO ... 15 26.83 +0.73 ... 17.38 7.73 OxfordImmunotec OXFD ... dd 16.61 +0.38 ... 75.00 2.86 SAExploration SAEX ... dd 2.90 0.29 ... 40.38 24.81 SpartanNash SPTN 2.5 16 26.04 0.07 .165
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

2.62 1.27 Quarterhill g QTRH 2.5 dd 1.46 +0.04 .0093

23.45 13.06 NanoStringTech NSTG ... dd 16.11 0.03 ... 11.80 8.92 OxfordLane OXLC 15.3 ... 10.43 +0.12 .40 2.48 0.75 QuickLogic QUIK ... dd 1.43 +0.06 ... 75.05 62.75 SafetyInsurance SAFT 4.0 16 69.15 0.15 .70 38.50 19.80 Spectranetics SPNC ... dd 38.45 +0.05 ...
15.80 2.94 NantHealth NH ... dd 4.25 +0.17 ... 27.95 18.25 Quidel QDEL ... cc 27.22 0.28 ... 88.93 35.02 SageTherap SAGE ... dd 81.55 +0.12 ... 8.00 3.21 SpectrumPharm SPPI ... dd 7.53 +0.21 ...
PQ
9.60 2.71 NantKwest NK ... dd 6.81 0.40 ... 4.63 2.61 QuinStreet QNST ... dd 4.13 +0.16 ... 54.30 24.54 Saia SAIA ... 28 53.55 +0.60 ... 60.40 37.17 SpiritAirlines SAVE ... 16 53.17 0.29 ...
72.52 63.30 Nasdaq NDAQ 2.1 86 71.06 0.57 .38 4.84 1.80 Qumu QUMU ... dd 2.70 ... ... 8.25 5.00 SalemMedia SALM 3.6 20 7.15 +0.20 .065 69.23 50.64 Splunk SPLK ... dd 59.84 +2.59 ...
13.40 7.35 Natera NTRA ... dd 10.73 0.23 ... 8.64 3.75 Quotient QTNT ... dd 6.89 0.55 ... 129.50 74.07 SandersonFarms SAFM .8 12 116.57 +1.10 .24 22.60 16.05 SpokHoldings SPOK 2.9 30 16.95 0.30 .125
71.95 44.46 Nathan's NATH ... 36 64.55 +0.50 ... 28.43 14.50 PAM Transport PTSI ... 11 17.93 0.38 ... 45.64 27.86 SandySpringBncp SASR 2.6 18 39.77 0.92 .26 11.30 3.86 SportsmansWrhs SPWH ... 9 5.08 0.23 ...
9.49 5.60 P&FIndustries PFIN 3.4 dd 5.84 0.03 .05 74.69 43.52 Sanfilippo JBSS .8 20 63.88 +1.39 .50 25.98 17.38 SproutsFarmersMkt SFM ... 28 24.01 +0.45 ...
2.88
106.63
1.61
39.14
NationalAmerUniv
NationalBeverage
NAUH
FIZZ
7.9
...
dd
44
2.27
100.71
0.01
+4.14
.045
1.50 30.48 22.31 PCConnection CNXN ... 15 26.46 0.14 .34 R 10.50 2.65 SangamoTherap SGMO ... dd 10.10 +1.30 ... 11.50 6.22 StaarSurgical STAA ... dd 10.45 +0.25 ...
16.10 7.12 NatlCineMedia NCMI 12.3 18 7.18 0.09 .22 31.20 10.93 PCM PCMI ... 12 19.90 +0.25 ... 41.25 23.50 Sanmina SANM ... 15 40.30 +2.10 ... 156.40 68.82 Stamps.com STMP ... 28 149.10 +3.65 ...
41.25 23.12 NationalCommerce NCOM ... 23 39.95 0.50 ... 8.48 4.78 PC-Tel PCTI 2.9 dd 7.50 +0.36 .055 108.39 67.99 RBC Bearings ROLL ... 35 104.40 +2.12 ... 0.50 0.17 Sanofi Rt GCVRZ ... ... .36 +0.01 ... 3.65 0.76 StanleyFurniture STLY ... dd 1.23 0.10 .25
26.99 18.04 NatlGeneral NGHC .8 18 20.70 0.60 .04 84.88 40.12 PDC Energy PDCE ... dd 44.04 +1.80 ... 25.47 10.19 RCI Hospitality RICK .5 24 23.51 0.07 .03 63.73 19.71 SareptaTherap SRPT ... dd 35.25 +0.89 ... 10.25 7.24 Staples SPLS 4.8 dd 10.09 +0.01 .12
24.44 14.03 PDF Solutions PDFS ... 80 19.29 +2.39 ... 7.23 4.51 RCM Tech RCMT ... 49 5.42 +0.45 ... 44.95 29.05 ScanSource SCSC ... 16 40.20 +0.55 ... 13.40 3.62 StarBulkCarriers SBLK ... dd 10.13 +0.95 ...
42.11 26.74 NatlInstruments NATI 2.0 57 41.94 +1.71 .21 3.77 1.93 PDL Biopharm PDLI ... 27 2.44 +0.06 ...
28.75 13.26 NatlResearch A NRCIA 1.4 56 28.20 +0.45 .10 24.55 7.07 REGENXBIO RGNX ... dd 19.80 0.45 ... 30.60 17.30 SchnitzerSteel SCHN 2.9 17 25.65 +0.95 .1875 64.87 50.84 Starbucks SBUX 1.7 29 58.76 +0.72 .25
21.24 9.01 PHI PHII ... dd 10.14 +0.43 ... 2.45 1.40 RF Industries RFIL 4.3 dd 1.85 ... .02 49.38 35.20 Scholastic SCHL 1.4 33 42.88 +0.09 .15 27.97 19.54 StateAutoFin STFC 1.6 77 24.76 0.95 .10
49.35 32.18 NatlResearch B NRCIB 4.9 16 49.20 +0.68 .60 20.42 8.09 PHI NV PHIIK ... dd 10.10 +0.50 ...
20.84 13.78 NatlSecurity NSEC 1.4 20 14.55 +0.42 .05 31.99 14.88 RGC Resources RGCO 2.0 34 29.40 +1.02 .145 37.70 19.58 SchulmanA SHLM 2.7 dd 30.80 +0.20 .205 19.01 9.90 StateNational SNC 1.3 15 17.97 0.52 .06
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

17.95 9.60 PICO PICO ... dd 16.85 0.35 ... 15.15 8.99 RPX RPXC ... 36 13.87 +0.42 ... 13.46 8.55 SciClone SCLN ... 15 10.95 +0.05 ... 9.70 2.25 SteadyMed STDY ... dd 6.10 0.30 ...
333.77 186.53 NatlWesternLife NWLI .1 11 329.06 +3.79 .36 42.70 23.15 PRA Group PRAA ... 18 39.20 +1.20 ...
14.40 8.25 NaturalAlt NAII ... 7 10.10 +0.10 ... 6.00 2.50 RTI Surgical RTIX ... dd 5.65 0.05 ... 27.20 8.07 ScientificGames SGMS ... dd 25.95 +1.30 ... 4.78 2.65 StealthGas GASS ... dd 3.25 +0.08 ...
79.98 41.01 PRA HealthSci PRAH ... 44 75.44 0.04 ... 27.84 12.05 RaPharm RARX ... ... 15.93 1.32 ... 83.42 59.32 ScrippsNetworks SNI 1.8 15 67.74 +0.58 .30 40.17 22.79 SteelDynamics STLD 1.7 17 36.56 +0.64 .155
44.39 33.15 NatusMedical BABY ... 36 37.30 0.25 ... 7.25 4.25 PRGXGlobal PRGX ... dd 6.25 0.25 ... 3.44 2.05 SeaChange SEAC ... dd 2.69 +0.04 ...
17.95 12.66 Navient NAVI 3.9 9 16.57 +0.39 .16 5.81 2.55 Radisys RSYS ... dd 2.61 0.38 ... 9.23 1.00 SteinMart SMRT 25.0 dd 1.20 0.26 .075
60.22 38.26 PTC PTC ... dd 58.06 +1.27 ... 59.88 31.58 RadiusHealth RDUS ... dd 47.40 +1.10 ... 25.88 15.85 SeacoastBkgFL SBCF ... 28 23.82 0.53 ... 107.74 71.52 Stericycle SRCL ... 42 76.30 0.18 ...
62.04 43.56 NavigatorsGroup NAVG .4 20 54.85 0.15 .06 19.99 4.03 PTC Therap PTCT ... dd 19.39 +0.10 ... 50.96 28.30 Seagate STX 6.4 16 39.50 +1.30 .63
24.88 11.41 NektarTherap NKTR ... dd 20.67 +0.88 ... 7.98 5.25 RadNet RDNT ... 45 7.65 0.05 ... 14.93 5.13 SterlingCnstr STRL ... dd 13.20 +0.25 ...
70.12 53.21 Paccar PCAR 1.5 17 68.65 +1.03 .25 18.33 11.46 Radware RDWR ... dd 17.95 +0.56 ... 18.18 5.50 SearsHoldings SHLD ... dd 8.06 +0.28 ... 40.75 32.30 StevenMadden SHOO ... 19 38.60 0.40 ...
69.97 50.53 Neogen NEOG ... 63 68.25 0.10 ... 9.50 3.11 PacBiosciCA PACB ... dd 3.44 ... ... 5.81 1.34 SearsHoldingsWt SHLDW ... ... 2.12 +0.02 ...
9.65 4.85 NeosTherap NEOS ... dd 7.05 0.20 ... 14.78 5.01 RamacoRscs METC ... ... 6.32 +0.44 ... 48.05 28.53 StockYardsBncp SYBT 2.1 20 37.50 1.45 .20
26.85 14.35 PacificContinent PCBK 1.7 27 25.30 0.40 .11 14.50 11.30 Rambus RMBS ... cc 12.77 +0.32 ... 13.46 6.31 SeaSpine SPNE ... dd 12.36 +0.17 ... 48.53 30.61 StonegateBank SGBK .7 22 46.25 0.43 .08
13.81 8.37 Net1UEPS UEPS ... 6 9.96 +0.10 ... 9.00 5.30 PacificMercBncp PMBC ... dd 8.75 0.05 ... 75.36 41.34 SeattleGenetics SGEN ... dd 53.73 +2.36 ...
43.90 24.94 NetApp NTAP 1.8 24 43.64 +5.00 .20 120.72 67.54 RandgoldRscs GOLD 1.1 35 89.41 +3.51 1.00 30.88 16.37 Stratasys SSYS ... dd 24.00 +0.91 ...
41.90 23.50 PacificPremBncp PPBI ... 25 36.60 1.30 ... 16.50 12.35 RandolphBancorp RNDB ... cc 15.00 0.30 ... 15.80 8.25 SecureWorks SCWX ... dd 10.41 +0.16 ... 48.86 23.00 Strattec STRT 1.5 22 36.45 +1.90 .14
337.55 193.27 Netease NTES 1.4 21 310.35 +14.56 1.08 58.95 29.95 PaciraPharm PCRX ... dd 49.30 1.10 ... 7.62 4.72 SecurityNatFin SNFCA ... 7 6.40 +0.10 ...
166.87 84.50 Netflix NFLX ... cc 161.12 +10.94 ... 19.29 10.63 Rapid7 RPD ... dd 17.10 0.08 ... 36.06 17.11 StratusProp STRS ... dd 28.55 1.80 1.00
57.53 40.00 PacWestBancorp PACW 4.3 16 46.29 0.61 .50 37.40 18.81 RavenIndustries RAVN 1.5 47 34.65 +0.25 .13 12.75 7.78 SelectBancorp SLCT ... 19 11.86 0.84 ... 95.74 43.50 StrayerEd STRA 1.1 30 90.90 1.57 .25
60.82 41.50 Netgear NTGR ... 20 43.75 0.70 ... 21.00 3.39 PainTherap PTIE ... dd 3.76 0.14 ... 36.74 17.95 SelectComfort SCSS ... 22 30.76 +0.20 ...
38.48 23.93 NetScout NTCT ... 95 34.20 ... ... 8.83 1.90 RealIndustry RELY ... dd 2.50 +0.10 ... 7.90 2.00 StrongbridgeBio SBBP ... dd 6.75 0.25 ...
21.59 13.80 PanAmerSilver PAAS .6 21 16.19 +0.72 .025 5.45 4.05 RealNetworks RNWK ... dd 4.33 +0.12 ... 27.97 23.15 SelectIncomeREIT SIR 8.6 24 23.75 +0.05 .51 6.21 5.16 StudentTransprt STB 7.1 77 6.19 +0.11 .0367
55.38 37.35 Neurocrine NBIX ... dd 48.19 +1.46 ... 316.21 185.69 PaneraBread PNRA ... 47 314.88 +0.04 ... 28.00 10.26 SelectaBiosci SELB ... dd 18.89 0.44 ...
31.25 15.20 NeuroDerm NDRM ... dd 29.85 +0.90 ... 38.65 23.62 RealPage RP ... cc 37.45 0.55 ... 17.55 9.30 SucampoPharm SCMP ... 18 10.95 +0.32 ...
90.49 68.50 PapaJohn's PZZA 1.1 27 75.43 +2.82 .20 41.60 15.17 ReataPharm RETA ... dd 33.37 +1.23 ... 53.75 34.95 SelectiveIns SIGI 1.2 18 51.65 +0.50 .16 15.28 10.48 SummitStateBk SSBI 3.8 17 12.80 0.36 .12
7.04 5.65 NY Mortgage NYMT 12.8 12 6.24 +0.04 .20 7.49 3.56 PapaMurphy's FRSH ... dd 4.21 ... ... 38.40 22.81 Semtech SMTC ... 42 37.35 +1.35 ...
25.17 5.90 NewLinkGenetics NLNK ... dd 7.38 0.31 ... 74.11 40.85 RedRobin RRGB ... 96 63.45 0.90 ... 19.75 5.31 SummitTherap SMMT ... dd 12.32 +0.44 ...
25.95 9.80 ParatekPharma PRTK ... dd 24.05 +0.20 ... 24.67 20.58 RedRockResorts RRR 1.7 27 23.97 +0.50 .10 42.65 27.03 SenecaFoods A SENEA ... 22 28.10 1.80 ... 26.80 20.65 SunBancorpNJ SNBC .2 8 24.50 0.25 .01
14.68 10.99 NewsCorp A NWSA 1.5 dd 13.57 +0.25 .10 87.50 51.16 Parexel PRXL ... 38 87.14 0.05 ... 46.00 29.50 SenecaFoods B SENEB ... 25 31.10 2.50 ...
15.22 11.25 NewsCorp B NWS 1.4 dd 14.00 +0.25 .10 543.55 325.35 RegenPharm REGN ... 61 504.90 +8.40 ... 44.82 28.46 SunHydraulics SNHY .9 44 41.72 0.14 .09
47.00 29.45 Park-Ohio PKOH 1.3 12 38.85 +1.00 .125 4.25 0.86 RegulusTherap RGLS ... dd 1.03 0.01 ... 23.85 17.14 SeniorHousing SNH 7.9 34 19.69 +0.02 .39 17.99 4.51 SundanceEnergy SNDE ... dd 4.78 +0.13 ...
11.37 8.03 NewStarFinancial NEWS .7 20 11.01 +0.26 .02 12.72 7.31 ParkSterling PSTB 1.4 25 11.67 0.31 .04 4.85 0.78 Senomyx SNMX ... dd .81 0.02 ...
18.00 12.40 NewtekBusSvcs NEWT 9.7 9 16.55 +0.29 .40 26.28 16.90 Reis REIS 3.2 cc 21.00 +0.30 .17 10.20 4.91 SunOpta STKL ... dd 9.75 0.20 ...
6.41 4.11 PartnerComms PTNR ... 35 5.23 +0.09 ... 45.32 31.56 Renasant RNST 1.7 19 42.49 1.51 .18 35.98 8.05 SeresTherap MCRB ... dd 11.26 +0.12 ... 16.41 5.84 SunPower SPWR ... dd 10.12 +1.38 ...
73.90 47.00 NexstarMedia NXST 1.9 27 63.15 +3.70 .30 86.10 50.80 PatrickIndustries PATK ... 19 73.58 +0.63 ... 6.25 2.82 ServiceSource SREV ... dd 3.86 0.03 ...
6.76 2.75 NexvetBiopharma NVET ... dd 6.71 +0.02 ... 13.39 7.91 RenewableEnergy REGI ... 14 12.25 0.05 ... 7.35 4.15 SunRun RUN ... 8 7.07 +0.28 ...
17.50 13.00 PatriotNatlBncp PNBK ... 22 16.89 +0.49 ... 13.73 7.76 Rent-A-Center RCII 2.6 dd 12.45 +1.14 .08 42.66 24.51 ServisFirstBcshs SFBS .6 23 36.00 1.59 .05 31.75 18.60 SuperMicroComp SMCI ... 24 26.90 +2.45 ...
12.50 7.65 NicholasFin NICK ... 14 9.34 +0.13 ... 27.32 17.60 PatriotTransport PATI ... 13 18.00 +0.12 ... 42.00 22.05 ShenandoahTel SHEN .9 dd 28.90 0.45 .25
9.35 2.00 NivalisTherap NVLS ... dd 2.38 0.03 ... 46.81 25.93 Repligen RGEN ... cc 42.30 +0.91 ... 23.33 15.53 SuperiorUniform SGC 1.6 20 22.40 +0.17 .0875
25.42 18.68 PatternEnergy PEGI 7.0 dd 23.94 +0.42 .418 40.74 28.56 RepublicBcpKYA RBCAA 2.5 15 35.23 0.99 .22 16.69 6.50 ShilohIndustries SHLO ... 20 8.31 3.92 ... 44.95 17.25 SupernusPharms SUPN ... 24 44.25 +1.10 ...
10.47 3.16 Noodles NDLS ... dd 4.20 +0.20 ... 49.85 36.46 Patterson PDCO 2.4 24 43.40 1.00 .26 209.22 158.88 Shire SHPG .9 cc 163.23 4.23 .771
131.49 85.72 Nordson NDSN .9 26 122.13 +1.38 .27 9.90 3.70 RepublicFirstBncp FRBK ... 77 9.20 0.25 ... 24.05 13.60 SurgeryPartners SGRY ... 77 21.60 +0.30 ...
29.76 17.61 PattersonUTIEn PTEN .4 dd 20.47 +0.69 .02 19.80 12.41 ResourcesConnect RECN 3.1 22 14.15 +0.45 .11 31.79 17.56 ShoeCarnival SCVL 1.6 16 19.13 0.38 .075 30.75 21.90 Surmodics SRDX ... 39 27.55 0.72 ...
22.35 10.75 NortheastBancorp NBN .2 19 21.75 +0.20 .01 63.03 52.78 Paychex PAYX 3.5 25 57.10 0.32 .50 23.05 18.45 RetailOppor ROIC 3.8 60 19.94 +0.61 .1875 17.92 11.07 ShoreBancshares SHBI 1.2 22 17.06 +0.08 .05 28.55 13.70 SussexBancorp SBBX 1.0 19 24.70 0.30 .06
19.30 12.38 NorthernTechsIntl NTIC ... cc 17.00 +1.50 ... 49.65 29.69 PaylocityHolding PCTY ... cc 45.87 +1.53 ... 8.56 5.55 ShoreTel SHOR ... dd 5.75 0.10 ...
99.30 65.15 NorthernTrust NTRS 1.5 22 98.11 0.02 .38 24.57 15.55 Retrophin RTRX ... dd 19.20 0.12 ... 34.45 25.77 SykesEnterprises SYKE ... 21 33.57 +0.04 ...
58.63 36.28 PayPal PYPL ... 48 57.16 +3.19 ... 28.30 12.35 RevanceTherap RVNC ... dd 23.45 3.85 ... 54.60 41.91 Shutterfly SFLY ... cc 46.98 0.07 ... 33.22 20.06 Symantec SYMC 1.0 dd 30.08 +1.67 .075
20.59 14.84 NorthfieldBanc NFBK 1.9 24 16.90 0.50 .08 6.20 3.90 PeakResorts SKIS 6.0 dd 4.65 +0.35 .07 7.24 5.26 RichardsonElec RELL 4.1 dd 5.91 0.15 .06 11.45 6.78 Sientra SIEN ... dd 11.07 +1.24 ... 4.25 2.51 Synacor SYNC ... dd 3.80 +0.10 ...
33.00 24.35 NorthrimBanCorp NRIM 2.8 14 29.85 1.05 .21 33.68 19.58 PeapackGladFinl PGC .6 19 32.55 0.26 .05 4.38 1.94 RigelPharm RIGL ... dd 2.47 0.19 ... 29.50 16.98 SierraBancorp BSRR 2.4 18 23.75 0.93 .14
19.10 14.65 NorthwestBcshs NWBI 4.1 32 15.45 0.20 .16 13.75 6.56 Synalloy SYNL ... dd 11.15 0.05 ...
64.85 24.71 Pegasystems PEGA .2 cc 60.98 +2.08 .03 12.85 7.17 RightsideGroup NAME ... dd 10.62 +0.01 ... 2.25 1.10 SierraOncology SRRA ... dd 1.22 +0.05 ... 69.45 47.00 Synaptics SYNA ... 81 55.09 +4.23 ...
19.55 10.35 NorthwestPipe NWPX ... dd 15.97 0.11 ... 22.19 11.93 PennNational PENN ... 22 20.75 0.39 ... 23.90 10.86 RigNet RNET ... dd 17.85 +1.10 ... 31.95 12.30 SierraWireless SWIR ... 67 29.40 +1.10 ... 49.94 10.11 Synchronoss SNCR ... 37 16.22 0.28 ...
56.29 34.16 NorwegianCruise NCLH ... 20 53.47 1.21 ... 61.97 15.00 PennVirginia PVAC ... 0 36.69 +0.56 ... 8.16 4.61 RiverviewBncp RVSB 1.3 22 7.10 +0.16 .0225 8.60 5.20 SigmaDesigns SIGM ... dd 6.20 +0.50 ... 18.03 6.31 SyndaxPharm SNDX ... dd 13.27 0.16 ...
44.00 27.65 NorwoodFin NWFL 3.1 23 41.85 0.09 .32 8.68 6.86 PennantPark PNNT 9.7 6 7.41 ... .18 5.90 1.70 RocketFuel FUEL ... dd 2.71 0.02 ... 164.23 113.53 SignatureBank SBNY ... 18 139.53 2.37 ... 7.15 3.34 SynergyPharm SGYP ... dd 4.48 +0.02 ...
5.15 0.42 NovaLifestyle NVFY ... 23 1.43 0.10 ... 52.65 38.12 PennsWoodsBncp PWOD 4.6 16 41.19 0.45 .47 8.98 3.55 RockwellMedical RMTI ... dd 7.70 0.23 ... 32.50 23.58 SilganHoldings SLGN 1.1 25 31.49 0.55 .09 11.43 6.18 SyneronMedical ELOS ... dd 11.00 +0.05 ...
28.41 10.94 NovaMeasuring NVMI ... 34 24.02 +1.02 ... 20.13 14.79 People'sUtdFin PBCT 3.9 19 17.79 0.07 .1725 15.70 9.95 RockyBrands RCKY 3.5 dd 12.70 0.15 .11 55.66 29.81 Silicom SILC 2.0 26 49.13 +2.01 1.00 76.57 53.53 Synopsys SNPS ... 42 75.27 +2.12 ...
12.74 5.84 NovadaqTech NVDQ ... dd 11.71 0.04 ... 35.43 21.71 PeoplesBncpOH PEBO 2.5 18 31.82 1.00 .20 13.23 9.65 RockyMtnChoc RMCF 4.3 19 11.27 0.35 .12 78.45 50.01 SiliconLab SLAB ... 41 69.10 +0.45 ... 47.97 15.82 Syntel SYNT ... dd 16.72 +0.56 15.00
30.90 3.52 Novan NOVN ... dd 4.05 +0.09 ... 32.90 19.35 PeoplesBncpNC PEBK 1.5 20 32.13 0.16 .12 16.00 2.27 RokaBioscience ROKA ... dd 2.30 0.30 ... 56.25 37.37 SiliconMotion SIMO 1.8 14 43.92 0.78 .20 1.79 0.80 SyprisSolutions SYPR ... 4 1.68 0.05 ...
39.00 15.38 Novanta NOVT ... 24 37.35 +0.20 ... 50.54 38.19 PeoplesFinSvcs PFIS 2.9 16 43.05 +0.06 .31 69.81 53.89 RossStores ROST 1.2 19 54.76 1.38 .16 8.39 7.05 Siliconware SPIL ... 21 8.18 +0.15 ... 19.22 8.16 SyrosPharm SYRS ... dd 17.08 0.53 ...
8.49 0.73 Novavax NVAX ... dd 1.17 0.01 ... 8.95 4.73 Perceptron PRCP ... dd 7.61 +0.30 ... 4.66 2.23 RoyalBcshsPA A RBPAA ... 14 4.23 0.02 ... 15.84 7.70 SilverStandard SSRI ... 14 9.41 +0.36 ...
13.80 6.53 NovelionTherap NVLN ... dd 9.27 0.03 ... 22.66 14.15 Perficient PRFT ... 36 18.53 +0.41 ... 14.55 11.07 SilvercrestAsset SAMG 3.5 20 13.60 +0.10 .12
21.75 5.95 Novocure NVCR ... dd 19.15 +1.10 ... 4.07 1.50 PerformantFin PFMT ... dd 1.91 0.25 ...
87.74
39.21
60.21
21.35
RoyalGold
RushEnt A
RGLD
RUSHA
1.2
...
52
29
80.89
37.53
+3.83
0.17
.24
... 67.00 45.01 SimmonsFirstNat SFNC 1.9 17 52.50 1.15 .25 T
19.93 13.44 NuanceComms NUAN ... dd 17.45 +0.21 ... 2.38 0.94 PerionNetwork PERI ... 42 1.87 +0.02 ... 37.99 22.14 RushEnt B RUSHB ... 28 36.48 0.56 ... 43.05 24.15 SinclairBroadcast SBGI 2.1 11 33.70 +0.85 .18
9.01 3.86 NumereX NMRX ... dd 4.04 0.81 ... 9.30 6.35 Perma-PipeIntl PPIH ... dd 7.85 +0.07 ... 22.65 13.74 RuthsHospitality RUTH 1.7 21 20.75 0.65 .09 6.94 4.60 SinovacBiotech SVA ... dd 6.89 +0.04 ... 17.47 15.26 TCP Capital TCPC 8.6 10 16.81 +0.04 .36
46.78 14.38 Nutanix NTNX ... dd 22.12 +3.00 ... 10.40 1.83 PernixTherap PTX ... dd 4.82 +0.97 ... 113.47 67.08 Ryanair RYAAY ... 19 113.08 +2.21 ... 5.53 4.05 SiriusXM SIRI .7 37 5.48 +0.11 .01 47.41 28.87 TD Ameritrade AMTD 1.6 28 45.01 +0.64 .18
42.40 23.99 NutraceuticalIntl NUTR 1.2 21 41.70 ... .125 29.00 17.14 PerryEllis PERY ... 23 19.27 +0.42 ... 39.85 25.04 SkyWest SKYW .9 dd 36.55 0.25 .08 192.94 83.26 TESARO TSRO ... dd 126.17 8.62 ...
57.50 25.73 Nutrisystem NTRI 1.3 41 55.15 +2.85 .175 4.92 2.60 PershingGold PGLC ... dd 2.73 +0.01 ... 112.11 62.40 Skyworks SWKS 1.1 21 103.99 +4.29 .28 19.89 14.86 TFS Fin TFSL 3.2 52 15.65 0.12 .125
81.06 56.70 Nuvasive NUVA ... 81 78.78 +2.92 ... 41.73 18.90 PetMedExpress PETS 2.0 34 39.71 1.58 .20 S 21.99 6.90 SmartSand SND ... ... 7.84 +0.42 ... 11.84 8.75 THL Credit TCRD 10.7 15 10.13 +0.25 .27
15.00 4.63 Nuvectra NVTR ... dd 12.71 0.29 ... 38.85 19.02 PhibroAnimal PAHC 1.1 23 37.60 +1.65 .10 40.85 31.03 Snyders-Lance LNCE 1.8 41 34.91 +0.46 .16 8.19 5.51 TICC Capital TICC 11.6 3 6.90 +0.21 .20
168.50 51.84 NVIDIA NVDA .3 55 164.95 +18.19 .14 12.10 8.20 Photronics PLAB ... 39 10.15 +0.55 ... 39.84 24.83 S&T Bancorp STBA 2.2 17 36.35 0.57 .20 57.68 23.20 SodaStream SODA ... 22 53.55 +1.66 ... 68.88 43.84 T-MobileUS TMUS ... 32 61.24 +1.23 ...
 M22 BARRONS July 17, 2017

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.

Bats
iShIntlDivGrowth IGRO 4.3 55.71 +1.49 .5966 ProShMSCIEurDiv EUDV 3.7 40.16 +0.54 .3735 BldrsDev100 ADRD 5.6 22.29 +0.49 .3136 FT NasdClEdSmGr GRID 3.5 44.79 +1.00 .3926 iPath10-yearBear DTYS ... 16.88 0.98 ...
iShLiquidityIncm ICSH 1.3 50.07 +0.04 .0556 ProShMergerETF MRGR ... 36.14 ... .2104 BldrsEmg50 ADRE 1.6 40.44 +2.05 .1589 FT NasdCybersec CIBR .2 21.96 +0.34 .0102 iPath2yearBear DTUS ... 31.04 0.61 ...
iShMSCIArgentina AGT ... 26.06 +0.50 .0136 ProShMornAltSoln ALTS 2.6 38.87 +0.28 .248 BldrsEur100 ADRU 5.8 21.89 +0.49 .3193 FT NasdGlblAuto CARZ 4.8 38.00 +0.87 .4517 iSectorsPostMPT PMPT ... 25.20 +0.51 .1521
AlphaArchValMom VMOT ... 25.76 +0.59 ... iShMSCIChinaAETF CNYA .8 28.76 +0.55 .1125 ProShRuss2000Div SMDV 1.7 54.52 ... .2325 BluStrTABIGIIsrael ITEQ ... 30.23 +0.66 .0919 FT Nasd100xTech QQXT .6 46.68 +0.88 .0736 iShAsia50ETF AIA .6 59.58 +2.99 .1907
AmCustSatisfCore ACSI ... 28.78 +0.20 .0488 iShMSCIDenmarkCap EDEN 2.5 64.37 +1.38 .801 ProShS&P500Arist NOBL 1.5 58.01 +0.22 .2152 ClearBr AC Grw CACG ... 25.61 +0.42 ... FT Nasd100Tech QTEC .8 65.53 +2.52 .1267 iShCommodSelStrat COMT .9 33.08 +0.93 .0764
AmplifyCWP Div DIVO 4.8 26.11 +0.13 .3113 iShMSCIEmgMulti EMGF 1.2 44.73 +2.33 .2655 ProShS&PMC400 REGL 1.7 51.77 +0.30 .2221 ClearBrDivStrat YLDE ... 25.66 +0.26 .069 FT NasdSmartphone FONE 1.5 49.88 +0.93 .1865 iShCoreMSCITotInt IXUS 2.5 58.80 +1.67 .7388
AmplifyOilHdgMLP AMLX ... 14.79 0.31 ... iShMSCIEurozoneETF EZU 3.1 41.47 +1.04 .638 ProShShortUSDEmgBd EMSH 3.4 77.65 +0.38 .2171 ClearBrLCGrw LRGE ... 26.00 +0.23 ... FTNasdaqBk FTXO 1.3 26.57 0.28 .0867 iShEurDevRealEst IFEU 6.5 37.89 +1.18 .6142
AmplifyYdPrime5Div PFV 4.9 27.37 +0.32 .3362 iShMSCIFinlandCap EFNL 5.7 40.46 +1.00 1.1448 ProShTrMgdFut FUT ... 40.64 0.36 ... CSX-LinksCrudeOil USOI 13.3 23.11 +1.20 .2557 FT NasdFood&Bev FTXG 1.8 20.05 +0.02 .0903 iShFallAngelsUSDBd FALN 5.9 27.46 +0.33 .135
AptusBehavioralMom BEMO ... 28.07 +0.46 .1782 iShMSCIGermanySC EWGS 2.2 54.59 +2.16 .5998 ProSportsSponsors FANZ ... 20.25 +0.21 ... CSX Gold GLDI 6.8 9.09 +0.10 .0516 FT NasdOil&Gas FTXN 1.5 17.89 +0.25 .0692 iShGNMABondETF GNMA 2.4 49.72 +0.19 .1002
ArrowResCapMgmt ARCM .7 20.02 ... .012 iShMSCIIndiaETF INDA .7 33.95 +1.33 .1252 QuantXDynBetaUS XUSA ... 26.31 +0.36 ... CSX SilverETN SLVO 4.7 7.92 +0.20 .0307 FT NasdPharm FTXH 1.1 21.00 +0.23 .0553 iShGlbCleanEnergy ICLN 3.2 8.80 +0.23 .1428
CWAIncomeETF CWAI 1.9 25.21 +0.16 .0395 iShMSCIIndiaSmCp SMIN 1.7 46.19 +1.09 .3843 QuantXRiskMgdGrw QXGG ... 26.21 +0.21 ... DavisFinl DFNL ... 21.94 +0.12 ... FT NasdRetail FTXD 2.6 18.99 0.26 .1243 iShGlbTimber WOOD 2.2 62.62 +2.21 .6902
CambriaEmSharehldr EYLD 6.4 30.32 +0.49 .4871 iShMSCINorwayCap ENOR 3.9 23.31 +1.17 .4526 QuantXRiskMgdMlt QXMI 1.2 25.80 +0.19 .0743 DavisUSEquity DUSA ... 21.39 +0.33 ... FT NasdSemicon FTXL .6 26.11 +1.17 .0379 iShIndia50ETF INDY .2 35.43 +1.30 .0398
CambriaFgnShare FYLD 7.5 24.22 +0.50 .4536 iShMSCI UK SC EWUS 2.4 39.00 +0.74 .4744 QuantXRiskMultiTR QXTR ... 25.21 +0.30 ... DavisWorldwide DWLD ... 23.14 +0.96 ... FT NasdaqTrans FTXR 1.3 24.75 +0.26 .0806 iShIntlDevRealEst IFGL 4.2 28.60 +0.56 .2998
CambriaGlbAssetAll GAA 2.8 26.25 +0.43 .1858 iShMornMultiAsst IYLD 9.6 25.49 +0.26 .2038 QuantXRiskMgd QXRR ... 24.06 +0.11 ... ElkhornComRotation DWAC ... 24.21 0.41 ... FT Nasd100 EW QQEW .7 54.62 +1.36 .0902 iShIntlTreasuryBd IGOV .2 95.85 +1.19 .019
CambriaSovHiYdBd SOVB 8.3 28.74 +0.68 .5991 iShRussell2500 SMMD ... 40.26 +0.57 ... REXVolMAXXInvVIXWk VMIN ... 30.13 +3.12 9.9202 FidelityNasdComp ONEQ 1.0 248.15 +6.27 .63 FT RBA AmerInd AIRR .3 23.93 +0.20 .02 iShMSCIACWIETF ACWI 2.2 66.72 +1.38 .7321
CambriaTailRiskETF TAIL ... 23.96 0.24 .053 iShShortMaturityBd NEAR 1.6 50.25 +0.04 .0674 REXVolMAXXLgVIXWk VMAX ... 3.09 0.38 ... FT AltAbsRet FAAR ... 28.67 0.03 ... FT RBAQualIncm QINC 2.9 24.12 +0.04 .1758 iShMSCIACWIexUSETF ACWX 2.9 46.72 +1.33 .6707
CambriaValue VAMO .3 23.70 +0.10 .0169 iShShrtMatMuniBd MEAR 1.1 50.02 +0.01 .0441 RealityDIVDivDef DFND ... 25.25 ... ... FT APxJapan FPA 1.9 33.86 +1.41 .1575 FTRisingDivAch RDVY 1.5 27.50 +0.15 .1055 iShMSCIACxJpn AAXJ .8 70.27 +3.28 .2866
DeutXIntlCorpBdHdg IFIX 2.4 50.19 ... .0984 iShUSFixedIncmBal FIBR 3.4 100.50 +0.41 .2808 RealityDIVCONDivGd GARD ... 21.91 0.16 .0073 FT BICK BICK .9 27.29 +1.42 .0624 FT RiverFrDynAP RFAP 2.7 57.22 +0.96 .3914 iShMSCIBrazilSC EWZS 2.4 14.11 +1.00 .168
DeutXIntlTreaBd IGVT 2.5 48.50 0.24 .1008 JPMorganDisciplHY JPHY 4.9 51.72 +0.44 .2121 RealityDIVCONLdrs LEAD 1.0 28.67 +0.38 .0713 FTBrazilAlphaDEX FBZ 10.2 15.11 +1.10 .3863 FT RiverFrDynDev RFDI 3.4 61.36 +1.47 .5233 iShMSCIChinaETF MCHI .7 57.74 +3.43 .1919
DeutX EM Bd EMIH 4.1 24.97 +0.19 .0859 JPMGlblBdOpps JPGB .6 50.93 +0.16 .0248 SPDRDoubleEMFixed EMTL 3.6 50.46 +0.27 .1511 FT CEFIncmOpp FCEF 4.1 21.72 +0.29 .075 FT RiverFrDynEM RFEM 1.0 65.05 +3.07 .1553 iShMSCIEAFEESGOpt ESGD 6.7 63.77 +1.45 1.0603
DeutXHYCorpBdInt HYIH 5.1 23.20 0.05 .0985 JPM UltShtIncm JPST ... 50.07 +0.02 .0715 SPDRDoubleShDurTR STOT 1.9 49.74 +0.05 .0789 FT CA MuniHi FCAL ... 49.89 +0.08 ... FT RiverFrDynEur RFEU 4.2 62.76 +1.51 .6632 iShMSCIEAFESC SCZ 2.7 58.56 +1.22 .7813
DeutXInvGradeBdInt IGIH 3.0 24.37 +0.08 .0614 KraneFTSE EM Plus KEMP 2.0 24.44 +0.60 .4926 SabaClosedEndFds CEFS 8.0 21.11 +0.27 .14 FT CanadaAlpha FCAN 2.6 23.90 +0.92 .1559 FT SSI Strat FCVT 1.3 28.09 +0.35 .03 iShMSCIEMESGOpt ESGE 2.8 67.06 +3.12 .4769
DeutscheXEAFESC DBES 2.2 27.58 ... .307 LeggMasonEMLowVol LVHE 4.8 27.29 0.28 .325 3DPrintingETF PRNT ... 25.53 +0.78 .0014 FT CapStrength FTCS 1.6 46.28 +0.54 .1828 FT SrLoanFd FTSL 3.5 48.52 +0.13 .14 iShMSCIEmMkAsia EEMA .8 67.61 +3.22 .2593
DeutscheXEMHighDiv HDEE 4.4 23.86 +0.84 .2609 LeggMasonIntLowVol LVHI 5.2 27.88 +0.10 .3653 TortoiseWaterFd TBLU ... 26.20 +0.38 .10 FT ChinaAlphaDEX FCA 4.2 25.12 +1.32 .2651 FT SC CoreAlpha FYX .8 56.10 +0.55 .1112 iShMSCIEuropeFinls EUFN 4.9 22.81 +0.30 .5535
DeutscheXEuroHiDiv HDEZ 10.9 26.45 +0.43 .718 MomentumIntlQuant IMOM 2.2 26.72 +0.85 .1445 TrimTabsAllCapIntl TTAI ... 25.69 +0.62 ... FT CloudComp SKYY .5 40.59 +1.22 .0493 FT SC GrwthAlpha FYC ... 38.92 +0.44 .0662 iShMSCIEuropeSmCp IEUS 2.4 53.06 +1.12 .6484
DeutscheXItalyHdg DBIT 3.8 22.57 ... .4341 MomentumUSQuant QMOM .4 26.06 +1.15 .0263 TrimTabsFloatShr TTAC ... 29.99 +0.32 .052 FT DevIntlEquity RNDM ... 48.94 0.50 ... FT SC US Equity RNSC ... 19.88 0.18 ... iShMSCIGlbImpact MPCT 2.8 54.82 +0.46 .7651
DeutscheXSEurope DBSE 3.2 22.35 ... .3592 NuShESGEMEquity NUEM ... 26.23 +1.20 ... ValueShIntlQuant IVAL 2.5 30.58 +0.46 .1927 FT DevMkts FDT 1.8 56.92 +1.90 .2609 FT SC Value FYT 1.8 34.12 +0.27 .1513 iShMSCINZCapped ENZL 3.6 46.73 +0.54 .8511
ElkhornFundComm RCOM ... 24.80 ... ... NuShESGIntlDev NUDM ... 25.11 +0.32 ... ValShUSQuantit QVAL 1.3 25.34 +0.16 .0797 FT DevMktsXUS FDTS 2.9 39.38 +1.46 .2903 FT SKoreaAlpha FKO ... 27.04 +0.61 .1104 iShMSCIQatarCapped QAT 7.6 17.38 +1.03 .6629
ElkhornLuntLowVol LVHB 1.9 30.66 +0.21 .1433 NuShESG LCGrwth NULG ... 28.79 +0.44 ... VanEckAMTFr 6-8Y ITMS 1.4 24.42 +0.04 .0288 FT DorseyDyn5 FVC .3 23.66 +0.41 .0169 FT StratIncm FDIV 3.6 51.07 0.02 .155 iShMSCIUAECapped UAE 5.3 17.62 +0.72 .4682
ElkhornS&PHiQualPf EPRF 5.5 24.41 0.02 .112 NuShESG LCValue NULV ... 26.62 +0.22 ... VanEckAMTFr12-17Y ITML 1.8 24.06 0.20 .037 FT DorseyFoc5 FV .3 25.40 +0.41 .0179 FT SwitzAlpha FSZ 6.3 49.62 +0.80 .7839 iShMSCIUSAESGOpt ESGU 1.8 53.10 +0.20 .2447
ElkhornMC ConDisc XD 1.6 15.09 0.43 .0607 NuShESG MCGrowth NUMG ... 27.55 +0.46 ... Velocity1xInvVS EXIV ... 31.08 +2.63 ... FT DorseyIntl5 IFV .3 20.40 +0.72 .0149 FT TCW Opp FIXD 2.3 50.66 +0.14 .0952 iShMornMCValue JKI 1.9 149.63 +2.47 .7153
ElkhornMC ConSt XS 1.4 14.73 ... .0521 NuShESGMCValue NUMV ... 26.34 +0.26 ... Velocity1xLgVSTOXX EVIX ... 20.56 2.36 ... FT MultAsstDiv MDIV 6.8 19.42 +0.15 .1106 FT TacticalHY HYLS 5.2 49.49 +0.25 .215 iShNasdaqBiotech IBB .2 316.41 +3.95 .1768
ElkhornMC Energy XE 1.9 10.37 +0.15 .0492 NuShESG SC NUSC ... 26.41 +0.36 ... WearETF WEAR ... 17.23 +0.11 .0085 FT NasdTechDiv TDIV 3.0 31.94 +0.73 .2387 FT TaiwanAlpha FTW ... 37.51 +1.13 1.0058 iSh13YearIntlTBd ISHG ... 82.19 +0.82 ...
ElkhornMC Finl XF 2.9 14.74 ... .108 NuShShTermREIT NURE 3.2 25.84 ... .2081 WisdTrYdEnhUSST SHAG ... 50.15 +0.14 .08 FT EM Alphadex FEM 2.9 24.89 +1.34 .1776 FT TotalUSMkt TUSA .5 30.15 +0.26 .0408 iShPHLXSemicond SOXX 1.0 149.56 +6.70 .3598
ElkhornMC HlthCr XH .2 18.43 +0.26 .0102 OppEMRevenue REEM ... 26.11 ... ... WisdTrDynBearUS DYB ... 25.64 +0.07 ... FT EM EquitySel RNEM ... 50.36 +0.31 ... FT USEquityDiv RNDV ... 19.80 +0.11 ... iShS&P EM Infra EMIF 1.3 33.75 +1.65 .214
ElkhornMC Indl XI 1.6 16.05 +0.78 .0653 OppGlblRev RGLB ... 25.00 ... ... WisdomDyCurrHdgEur DDEZ 1.6 29.67 +0.23 .115 FT EM LocalCurr FEMB 5.9 43.02 +1.02 .21 FT UK Alpha FKU 4.9 36.86 +0.72 .4543 iShGlobalInfra IGF 3.3 44.51 +0.91 .7358
ElkhornMC InfTch XK .5 17.15 +0.41 .0193 OppIntlRevenue REFA ... 25.00 ... ... WisdomDynCurrIntl DDWM 5.2 28.86 +0.41 .375 FT EM SC Alpha FEMS 3.0 38.43 +1.47 .292 FlexShCredScoreUS SKOR 2.3 50.88 +0.33 .0987 iSh20+YTreasuryBd TLT 2.5 123.33 +0.61 .2576
ElkhornMC Matls XM 2.4 15.53 +0.17 .0949 PacerIntCashCow100 ICOW ... 26.31 +0.96 ... WisdTrDynCurr DHDG 1.8 23.29 +0.02 .105 FT EnhShtMat FTSM 1.4 60.03 +0.01 .07 FlexShCredScUSLg LKOR 3.9 53.09 +0.33 .1716 iSh0-5YInvGrdCpBd SLQD 2.0 50.59 +0.16 .0862
ElkhornMC Util XU 4.5 15.82 ... .1797 PacerGlCashCows GCOW 2.9 29.63 +0.52 .218 WisdomDynCurrIntSC DDLS 3.1 30.80 +0.56 .235 FT EuropeAlpha FEP 4.1 35.90 +1.03 .3684 FlexShDiscDurMBS MBSD 3.4 23.95 +0.13 .0676 JanusSGGlbQualIncm SGQI 4.8 27.60 +0.12 .3323
FormulaHdgGrwth FFHG ... 25.05 +0.15 ... PacerTrendEurIndex PTEU ... 29.20 +0.65 ... WisdomDynCurrJapan DDJP .7 27.65 ... .045 FTEurozoneAlpha FEUZ 4.3 40.19 +1.24 .4301 FlexShRealAsset ASET 3.4 27.44 +0.47 .2335 JanusSCGrwAlpha JSML .1 33.62 +0.44 .0068
FormulaFolIncm FFTI ... 25.07 +0.18 ... PacerTrendpilot450 PTMC ... 28.72 +0.35 .1761 WisdTrDynLSUS DYLS 7.2 30.42 +0.27 .5508 FT GerAlpha FGM 5.2 44.83 +1.25 .5782 FlexSTOXXGlbESGImp ESGG 3.1 87.56 +1.81 .6751 JanusS/MC GrwAlph JSMD .1 37.90 +3.55 .0136
FranklinLib US FLQL ... 25.83 +0.11 .0068 PacerTrendpilot100 PTNQ ... 27.58 +0.82 .0688 WisdTrEMDivFd DVEM 2.6 31.12 +1.29 .205 FT GlTactCommod FTGC ... 19.73 +0.37 ... FlexSTOXXUSESGImp ESG 1.8 57.86 4.87 .2613 KraneCSIChInt KWEB ... 50.96 +3.21 .4136
FranklinLibUS MC FLQM ... 25.57 +0.17 .0335 PacerTrendpilot750 PTLC ... 26.39 +0.43 .2582 WisdTrEurDomEcon EDOM 6.6 28.98 +0.71 .475 FT HighIncome FTHI 4.2 21.99 +0.11 .0775 FlexShUSQualLC QLC 1.7 30.04 +0.32 .1252 LeggMasonDev DDBI ... 28.06 +0.40 .75
FranklinLibUS SC FLQS ... 25.04 ... .0424 PacerUSCashCows100 COWZ 1.4 26.39 +0.36 .0934 WisdomTreeCpBdFd WFIG 2.3 49.25 ... .095 FT HK AlphaDEX FHK 5.1 39.00 +0.74 .4939 GlbXConsciousCos KRMA ... 17.72 +0.21 .1527 LeggMasonEMDivCore EDBI ... 31.20 +1.24 .0155
GlbX FdrRunCos BOSS ... 16.47 +0.50 ... PacerUSSCCash100 CALF ... 25.43 +0.20 ... WisdomTreeUSHYCpBd WFHY 5.6 51.64 +0.65 .24 FT GlblAgri FTAG 3.5 25.60 +0.52 .2236 GlbXFinTech FINX ... 19.30 +0.58 ... LeggMasonGlbInfr INFR 3.6 28.24 0.02 .2567
GlbXUSInfrDevt PAVE ... 14.82 +0.19 ... PwrShBalMultAsset PSMB ... 12.83 ... .0443 WisdTrUSSTCpBd SFIG 1.8 49.84 +0.11 .075 FT GlbNatRscs FTRI 4.8 11.34 +0.30 .1373 GlbX Health&Well BFIT ... 15.87 0.21 .0751 LeggMasonLowVol LVHD 3.5 29.95 +0.20 .2602
HartfordLowVolIntl LVIN ... 26.08 +0.57 .1421 PwrShConservMult PSMC ... 12.46 ... .0702 WisdTrUSSTHY SFHY 4.6 50.52 ... .195 FT Intl IPO FPXI .8 32.59 +0.99 .066 GlbXInternetThings SNSR ... 18.38 +0.44 .0487 LeggMasonSCQualVal SQLV ... 25.28 +0.08 ...
HartfordLowVolUS LVUS ... 25.06 ... .0704 PwrShGrwthMulti PSMG ... 13.07 +0.13 .0291 WisdTrGlbxUS HDRW 10.1 27.26 +0.45 .685 FT JapanAlpha FJP 2.5 52.73 +0.82 .3296 GlbXLongevityThem LNGR ... 19.07 +0.28 .0683 LoncarCancerETF CNCR ... 23.92 +0.20 ...
iShAdCurrHdgMSCI DEFA 3.2 27.40 +0.70 .4326 PwrShModConserv PSMM ... 12.97 +0.38 .0582 WisdTrGlHdgSC HGSD 2.2 24.35 +0.02 .135 FT LC CoreAlpha FEX 1.2 53.97 +0.68 .1608 GlbXMSCISuperDiv EFAS 4.1 17.79 +0.40 .0615 LongTermCareETF OLD 1.5 26.60 +0.40 .0991
iShAdCurrMSCIEuroz DEZU 3.1 27.16 +0.05 .4244 PwrShRuss1000Enh USEQ ... 25.32 ... ... WisdomTreeGlbSC GSD 2.7 30.66 +0.15 .21 FT LC GrwthAlpha FTC .5 55.97 +0.87 .0694 GlbXMillThematic MILN ... 17.84 +0.36 .0496 ObesityETF SLIM .4 27.05 0.47 .0259
iShAdCurrHdgJapan DEWJ 1.3 25.76 ... .1619 PwrShS&P500Min SPMV ... 25.16 ... ... WisdTrIntlQualDiv IQDG 2.6 28.80 +0.73 .185 FT LC US Equity RNLC ... 19.82 0.09 ... GlbXNASDAQChinaTch QQQC 3.7 26.15 +1.08 .9605 OrganicsETF ORG .6 29.38 0.19 .0426
iShConvBond ICVT 2.4 53.80 +0.95 .1061 PwrShS&P500ValMom SPVM ... 26.17 +0.17 .0571 WisdTrStrongDollar EMSD .9 27.81 +0.24 .0652 FT LC Value FTA 1.7 50.66 +0.55 .2095 GlbX Robotics&AI BOTZ ... 19.26 +0.63 .0085 PwrShBuybackAch PKW .8 54.44 +0.61 .1139
iShCurrHdgMSCIMV HACV 2.2 27.42 0.19 .2997 PwrShS&PIntlDevHi IDHD 6.4 28.42 +0.49 .4552 WisdTrUSMulti USMF ... 25.14 +0.23 ... FTLatAmAlphaDEX FLN 6.5 20.37 +1.18 .3286 GlbXS&P500Catholic CATH ... 30.23 +0.37 .0018 PwrShDBOptYdDiv PDBC ... 15.86 +0.32 1.1242
iShCurrHdgMSCIEAFE HEFV 4.0 26.41 +0.23 .5299 PwrShS&PSCHiDivLow XSHD 3.9 24.18 0.16 .0777 FT LowBetaIincm FTLB 2.9 21.83 +0.17 .0525 GlbXSuperDividAlt ALTY 7.1 15.54 +0.14 .0925 PwrShDWA DevMkt PIZ 3.0 26.17 +0.74 .195
iShCurrHdgMSCIEM HEMV 1.5
iShCurrHdgMSCIEur HEUV 4.2
26.18
24.42
+1.06
+0.21
.1906
.5124
PwrShS&PSCQual XSHQ ...
PremiseCapFrAdvDiv TCTL ...
25.32
28.26
+0.23
+0.52
.0486
.157 NASDAQ FT LowDurOpp
FT MgdMuni
LMBS 2.7
FMB 2.5
52.18
52.96
0.03
+0.24
.1175
.11
GlbXSuperDivdREIT SRET 7.1
GlbX Yieldco YLCO 4.1
15.37
12.32
+0.25
+0.30
.0915
.125
PwrShDWA EM
PwrShDWAMom DWLV
PIE ...
...
17.92
28.61
+0.86
+0.61
.095
.0643
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

iShCurrHdgMSCIEuSC HEUS 2.0 27.41 ... .2756 PrincipalGlbDiv GDVD ... 25.82 +0.46 .1261 FT MegaCap FMK 1.1 30.42 +0.49 .0835 Health&FitnessETF FITS 1.8 26.75 0.20 .1172 PwrShDWA Mom PDP .5 47.83 +0.74 .0563
iShEdgeHYDefBd HYDB ... 50.50 ... ... PrincipalSpectPfd PREF ... 100.39 ... ... ALPS/DorseyMom SWIN .8 27.68 +0.43 .0531 FT MC CoreAlpha FNX .8 60.02 +0.57 .1264 HighlandSrLoan SNLN 4.5 18.39 0.02 .0691 PwrShDWANasdMom DWAQ ... 92.63 +2.18 .0122
iShEdgeInvGrEnhBd IGEB ... 50.31 ... ... ProShCDSShNAHYCred WYDE ... 33.60 +0.06 ... ActiveAltsCont SQZZ ... 24.94 +0.24 ... FT MC GrwthAlpha FNY .3 35.27 +0.60 .029 HorizDAXGermany DAX 3.7 29.41 +0.64 .5466 PwrShDWASCMom DWAS ... 43.70 +0.72 .1508
iShMSCIMinVolUSASC SMMV ... 27.61 +0.13 .0602 ProShGlbListedPrv PEX 13.9 42.84 +0.86 1.4907 AlphaMarkActiveMgd SMCP ... 24.24 +0.14 ... FT MC US Equity RNMC ... 19.76 +0.04 ... HorizNasd100 QYLD 11.1 24.02 +0.33 .2214 PwrShDWA Tact DWIN 4.3 27.75 +0.15 .0992
iShEmMkCorpBdFd CEMB 4.1 51.01 +0.34 .1726 ProShHY IntRt HYHG 5.3 68.71 +0.09 .3013 AmplifyOnlineRet IBUY ... 36.27 +0.87 ... FT MC ValAlpha FNK 1.3 33.74 +0.47 .1124 IQ Chaikin US SC CSML .2 25.72 +0.14 .0128 PwrShDWATactical DWTR ... 25.86 +0.51 .1074
iShEM HY Bd EMHY 5.8 50.25 +0.80 .2439 ProShInvGrdIntRt IGHG 3.3 76.63 +0.16 .2089 ArrowInvDWATact DWAT .8 11.08 +0.23 .0914 FT MCGrAlpDX FAD .3 59.59 +0.89 .0392 IntlMultiAssetDiv YDIV 6.2 18.42 +0.51 .0959 PwrShDWA Util PUI 3.5 27.33 +0.07 .2389
iShGlbxUSDHiYdCpBd HYXU 1.3 51.22 +0.44 .056 ProShK1FreeCrude OILK ... 18.17 +0.93 ... BldrsAsia50ADS ADRA 2.3 31.89 +1.12 .1819 FT MuCValAlpha FAB 1.5 52.46 +0.27 .1931 iPath5-YearBear DFVS ... 28.10 +0.38 ... PwrShDivAch PFM 2.3 24.24 +0.16 .1421
iShGlbHiCorpBdFd GHYG 3.9 50.51 +0.25 .1649 ProShLCCorePlus CSM 1.2 60.75 +0.70 .1898 BarcInverseUSTrea TAPR ... 23.56 0.42 ... FTMuniCEFIncmOpp MCEF 3.8 19.15 +0.27 .06 iPathUSTrea5YrBull DFVL ... 67.43 +0.78 ... PwrShDynBscMatl PYZ .4 63.09 +2.16 .0656
iShiBondsDec23Muni IBML 1.5 25.49 +0.17 .0312 ProShDivGrowers EFAD 3.4 36.61 +0.56 .3121 BioShBiotechClin BBC ... 25.15 +0.42 ... FT NasdComBk QABA 1.4 50.37 0.89 .1786 iPathLgBdBear DLBS ... 17.71 0.46 ... PwrShDynConDis PEZ .2 44.85 +0.50 .0265
iShIntlAggregateBd IAGG 3.6 51.52 +0.19 .1556 ProShMSCIEMDiv EMDV 1.8 54.60 +2.28 .2491 BioShBiotechPrd BBP ... 40.40 +0.38 ... FT NasdCleanEdge QCLN .5 18.64 +0.80 .0256 iPathSteepener STPP ... 33.09 +0.29 ... PwrShDynConsStp PSL .7 60.14 +0.96 .1035

Nasdaq Issues
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
23.30 11.31 TPIComposites TPIC ... 8 18.72 +0.32 ... 9.40 5.90 TransActTechs TACT 4.1 17 8.85 0.05 .09 9.72 4.72 uniQure QURE ... dd 6.49 +0.13 ... 137.26 71.46 VertxPharm VRTX ... cc 130.99 +0.64 ... 32.30 23.75 WeycoGroup WEYS 3.2 18 27.48 0.53 .22
7.30 2.00 TraconPharm TCON ... dd 2.25 +0.05 ... 14.05 9.86 Transcat TRNS ... 20 12.50 +0.20 ... 23.78 17.71 UnitedBancshares UBOH 2.2 13 22.10 0.52 .12 50.40 36.25 Viacom A VIA 2.0 13 39.65 +1.60 .20 43.84 27.67 WholeFoods WFM 1.7 33 42.10 +0.10 .18
80.64 62.97 TRowePrice TROW 2.8 16 80.23 +4.07 .57 2.25 1.21 TransGlobeEner TGA ... dd 1.32 +0.03 ... 49.35 36.53 UnitedBkshrsWV UBSI 3.5 19 37.50 0.80 .33 46.72 32.68 Viacom B VIAB 2.3 12 34.93 +1.73 .20 36.39 10.02 Willdan WLDN ... 29 32.57 +0.52 ...
18.85 7.92 TTM Tech TTMI ... 28 18.32 +0.68 ... 8.69 3.55 TravelCenters TA ... dd 4.00 +0.15 ... 19.40 14.50 UtdCmntyBcp UCBA 1.9 24 19.09 +0.14 .09 82.19 61.85 ViaSat VSAT ... cc 64.68 +0.61 ... 28.06 21.10 WillisLease WLFC ... 9 25.88 1.08 ...
8.12 2.50 T2Biosystems TTOO ... dd 2.65 0.30 ... 13.27 7.96 Travelzoo TZOO ... 34 11.00 ... ... 30.47 18.78 UtdCmtyBks UCBI 1.3 20 28.01 0.23 .09 11.89 6.90 ViaviSolutions VIAV ... 31 10.98 +0.07 ... 150.47 112.76 WillisTwrsWatson WLTW 1.4 39 146.48 +0.16 .53
16.85 10.39 TabulaRasaHlth TRHC ... dd 15.01 0.54 ... 8.00 2.15 Trevena TRVN ... dd 2.78 +0.52 ... 9.50 6.00 UtdCmtyFnl UCFC 1.4 24 8.56 0.01 .03 20.65 9.61 Vicor VICR ... dd 18.85 +0.43 ... 10.46 3.65 Windstream WIN 15.7 dd 3.82 +0.11 .15
31.40 10.00 TactileSystems TCMD ... cc 30.95 +1.65 ... 37.98 23.90 TriCoBancshares TCBK 1.9 17 34.98 0.70 .17 18.66 12.90 UnitedFinBncp UBNK 2.8 17 17.05 0.12 .12 11.74 7.68 Videocon d2h VDTH ... cc 9.65 0.01 ... 33.42 24.74 Wingstop WING ... 51 30.40 0.12 ...
80.54 39.81 TakeTwoSoftware TTWO ... cc 76.21 +1.62 ... 24.25 17.00 TriMas TRS ... dd 22.05 +0.90 ... 50.75 37.54 UnitedFire UFCS 2.6 24 43.71 0.32 .28 10.39 2.64 ViewRay VRAY ... dd 6.49 +0.20 ... 137.75 94.60 Winmark WINA .3 25 131.40 +0.15 .11
39.45 21.02 Talend TLND ... dd 38.58 +3.17 ... 37.95 25.01 Trimble TRMB ... 59 37.45 +0.76 ... 18.05 13.52 UnitedGuardian UG 5.4 26 15.53 +0.13 .42 1.70 0.90 VikingTherap VKTX ... dd 1.09 +0.02 ... 79.27 50.98 WintrustFin WTFC .7 20 76.51 1.90 .14
8.81 0.56 TandemDiabetes TNDM ... dd .57 0.23 ... 13.68 5.20 TrinityBiotech TRIB ... 22 5.73 +0.03 ... 52.18 29.53 UnitedNatFoods UNFI ... 14 35.97 0.07 ... 36.42 22.43 VillageSuper A VLGEA 4.1 15 24.19 0.27 .25 55.47 30.04 WintrustFin Wt WTFCW ... ... 54.90 +0.85 ...
9.05 6.85 TandyLeather TLF ... 14 9.00 +0.10 ... 71.69 35.34 TripAdvisor TRIP ... 54 38.13 +1.49 ... 9.95 5.53 UnitedSecBcshrs UBFO 2.0 23 9.80 +0.25 .05 19.52 13.53 ViperEnergyPtrs VNOM 7.5 46 16.17 +0.43 .302 13.32 7.87 WisdomTreeInvs WETF 3.0 66 10.50 0.02 .08
20.29 10.39 TarenaIntl TEDU ... 32 18.98 +0.39 .16 26.30 13.92 TriStateCapital TSC ... 23 24.80 0.45 ... 169.89 109.71 UnitedTherap UTHR ... 9 130.62 0.43 ... 5.40 3.55 VircoMfg VIRC ... 3 5.25 +0.10 ... 86.15 30.54 Wix.com WIX ... dd 73.85 +3.55 ...
12.50 6.60 TatTechnologies TATT 3.1 78 10.95 +0.65 .3398 27.95 16.26 TriumphBancorp TBK ... 18 25.10 0.20 ... 32.73 22.50 Uniti UNIT 9.4 dd 25.46 +0.98 .60 19.07 12.35 VirtuFinancial VIRT 5.9 24 16.35 1.20 .24 72.28 57.02 Woodward WWD .7 22 69.56 +2.24 .125
106.87 67.67 TechData TECD ... 20 106.28 +1.52 ... 23.98 10.88 trivago TRVG ... dd 22.58 +0.49 ... 18.30 11.09 UnityBancorp UNTY 1.3 15 18.05 +0.55 .06 128.10 78.91 VirtusInvtPtrs VRTS 1.5 18 116.55 +4.60 .45 88.26 42.01 WorldAcceptance WRLD ... 9 79.08 +2.64 ...
10.59 6.73 TechTarget TTGT ... cc 9.91 0.06 ... 17.93 8.76 tronc TRNC ... 46 12.98 +0.19 ... 130.65 47.88 UniversalDisplay OLED .1 cc 119.65 +8.50 .03 34.92 18.03 Virtusa VRTU ... 82 31.87 +2.82 ... 2.67 1.20 WrightMedical Rt WMGIZ ... ... 1.50 +0.04 ...
10.15 4.64 TeleNav TNAV ... dd 8.40 +0.25 ... 21.73 8.09 TrueCar TRUE ... dd 21.56 +1.18 ... 80.42 52.90 UnivElectro UEIC ... 55 66.85 1.60 ... 6.77 2.25 VitalTherapies VTL ... dd 2.80 0.10 ... 31.53 20.50 WrightMedical WMGI ... dd 27.40 +0.38 ...
42.90 24.45 Teletech TTEC 1.1 46 40.85 0.80 .22 23.89 13.71 Trupanion TRUP ... dd 22.75 +0.55 ... 110.97 83.24 UniversalForest UFPI 1.0 18 88.55 +2.05 .45 1.47 0.93 Vivus VVUS ... 4 1.27 +0.04 ... 139.67 82.51 WynnResorts WYNN 1.5 50 130.42 2.04 .50
9.54 5.75 Teligent TLGT ... dd 8.94 0.04 ... 9.00 6.50 TrustcoBank TRST 3.4 17 7.70 0.10 .0656 17.70 11.09 UnivLogistics ULH 1.9 20 14.95 0.25 .07 31.69 24.17 Vodafone VOD 7.7 dd 29.10 +0.42 1.1234
5.10
14.69
3.17
10.99
TerraFormGlobal
TerraFormPower
GLBL
TERP
...
...
dd
dd
5.05
12.13
...
+0.14
...
...
36.79
8.11
25.17
1.60
Trustmark
TuesdayMorning
TRMK
TUES
2.9
...
19
dd
32.20
1.85
0.25
+0.05
.23
...
20.64
31.50
9.13
19.97
UnivStainless
UnivestPA
USAP
UVSP
...
2.7
dd
32
19.94
29.85
+0.20
0.55
...
.20
18.25
7.50
8.36
4.56
VoyagerTherap
vTvTherap
VYGR
VTVT
...
...
dd
dd
9.72
4.83
+0.37
0.27
...
... XYZ
2.98 0.16 TerraVia TVIA ... dd .22 +0.03 ... 10.75 7.69 Tuniu TOUR ... dd 7.93 +0.06 ... 24.84 7.41 UplandSoftware UPLD ... dd 23.96 +1.71 ...
13.98 3.96 XOMA XOMA ... dd 7.41 +0.44 ...
34.00
9.65
26.66
3.70
TerritBanc
Tesco
TBNK
TESO
2.6
...
17
dd
30.41
4.75
0.73
+0.45
.10
...
2.00
32.60
0.65
23.33
TurtleBeach
21stCenturyFoxA
HEAR
FOXA
...
1.3
dd
17
.74
27.74
+0.05
0.16
...
.18
40.80
20.02
16.19
13.01
UrbanOutfitters
UroGenPharma
URBN
URGN
...
...
11
...
18.33
17.70
0.08
1.64
...
... W 20.18 2.77 XBiotech XBIT ... dd 5.58 +0.80 ...
31.94 23.88 21stCenturyFoxB FOX 1.3 17 27.54 0.02 .18 75.00 56.30 UtahMedProducts UTMD 1.5 22 72.00 +0.10 .265 5.84 1.80 XcelBrands XELB ... 28 3.45 +0.25 ...
386.99 178.19 Tesla TSLA ... dd 327.78 +14.56 ... 40.15 16.35 WAVE LifeSci WVE ... dd 16.85 1.35 ... 10.01 5.14 Xcerra XCRA ... 30 9.80 0.03 ...
16.25 9.75 TesscoTech TESS 5.7 78 14.05 +0.45 .20 11.09 4.43 21 Vianet VNET ... dd 4.69 +0.07 ... 2.40 1.60 UTStarcom UTSI ... dd 2.26 0.03 ...
21.75 9.35 TwinDisc TWIN ... dd 17.31 +0.65 ... 121.45 100.60 WD-40 WDFC 1.8 29 107.30 3.35 .49 29.38 17.68 Xencor XNCR ... 57 23.37 +0.45 ...
47.75 30.59 TetraTech TTEK .9 24 46.10 +0.40 .10 121.55 100.05 WPP WPPGY 4.7 15 102.02 +0.59 2.399 33.30 18.50 XenithBkshrs XBKS ... 10 30.62 0.88 ...
9.93
93.35
3.11
45.90
TetraphasePharm
TexasCapBcshs
TTPH
TCBI
...
...
dd
23
7.80
79.00
+0.62
+0.95
...
...
18.90
48.40
10.30
29.23
TwoRiverBancorp
2U
TRCB
TWOU
.9
...
18
dd
17.98
47.36
0.52
+1.12
.04
... V 50.55 31.90 WSFS Financial WSFS .6 21 45.70 0.80 .07 9.95 2.85 XenonPharms XENE ... dd 3.40 +0.10 ...
16.15 11.30 WVS Financial WVFC 1.5 19 16.05 +0.16 .04 68.68 47.53 Xilinx XLNX 2.1 29 66.25 +0.90 .35
84.65 64.54 TexasInstruments TXN 2.4 22 82.00 +3.52 .50 92.87 59.51 VCA WOOF ... 35 92.42 0.21 ... 88.00 75.18 WalgreensBoots WBA 2.0 20 78.91 +1.44 .40 6.03 3.11 Xunlei XNET ... dd 3.34 +0.17 ...
51.91
8.20
37.23
4.41
TexasRoadhouse
TheBancorp
TXRH
TBBK
1.7
...
31
dd
50.07
7.60
0.84
0.07
.21
...
U 4.51 3.12 VEON VEON 4.9 3 3.97 +0.05 .195 35.95 24.37 WashingtonFederal WAFD 1.8 18 33.20 0.30 .15 16.97 7.36 YRC Worldwide YRCW ... 53 12.35 +0.80 ...
9.00 2.47 VOXX Intl VOXX ... 28 6.40 2.35 ... 58.30 36.42 WashTrBcp WASH 3.0 19 51.10 1.45 .38 64.08 37.81 YY YY ... 14 63.79 +6.96 ...
2.20 0.88 The9 NCTY ... dd 1.16 +0.08 ... 81.55 54.12 UMB Fin UMBF 1.4 22 73.79 1.22 .255 46.71 26.16 VSE VSEC .6 17 43.98 1.00 .07 20.40 15.17 WaterstoneFinl WSBF 2.6 18 18.65 0.25 .12 32.44 17.28 Yandex YNDX ... cc 31.62 +5.37 ...
43.44 21.97 TheravanceBio TBPH ... dd 37.11 5.45 ... 5.81 3.55 USA Tech USAT ... dd 4.90 0.35 ... 37.25 24.42 VWR VWR ... 29 33.00 0.05 ... 18.75 12.60 WayneSavings WAYN 2.1 22 17.01 0.39 .09 22.97 8.53 YintechInvt YIN ... 4 10.31 +0.17 .80
22.56 10.77 TiGenix TIG ... dd 21.30 +0.80 ... 20.13 5.73 USA Truck USAK ... dd 8.92 +0.28 ... 18.00 10.81 VandaPharm VNDA ... dd 16.60 0.20 ... 21.75 16.35 WaysideTech WSTG 3.8 13 17.70 1.00 .17 39.86 27.68 YorkWater YORW 1.9 37 34.55 0.30 .1602
22.40 15.05 TileShop TTS 1.0 53 20.20 +0.15 .05 4.35 2.40 USAutoPartsNtwk PRTS ... dd 3.08 0.01 ... 36.58 25.00 VarexImaging VREX ... 19 32.32 1.36 ... 25.95 12.90 Web.com WEB ... cc 25.20 +1.15 ... 9.15 5.15 ZAGG ZAGG ... dd 8.55 +0.05 ...
26.65 14.60 TimberlandBncp TSBK 1.7 16 25.80 +0.03 .11 54.00 38.00 US Ecology ECOL 1.4 36 52.50 +0.95 .18 39.15 23.71 VaronisSystems VRNS ... dd 38.60 +0.95 ... 65.00 48.10 WebMD WBMD ... 29 55.45 3.65 ... 6.87 2.89 Zafgen ZFGN ... dd 3.69 +0.12 ...
7.75 6.53 Tintri TNTR ... dd 6.99 +0.14 ... 81.99 59.05 US Lime&Min USLM .7 24 79.70 +0.22 .135 6.70 3.74 VascularBiogenics VBLT ... dd 4.15 0.35 ... 82.28 31.25 Weibo WB ... cc 74.31 +4.89 ... 109.30 49.13 ZebraTech ZBRA ... dd 102.10 +2.25 ...
19.22 8.68 TitanMachinery TITN ... dd 17.48 0.35 ... 64.62 39.30 UbiquitiNetworks UBNT ... 17 51.33 1.12 ... 34.38 16.37 VeecoInstr VECO ... dd 31.00 +2.60 ... 16.66 9.33 Wendy's WEN 1.8 32 15.64 +0.04 .07 50.91 31.17 Zillow A ZG ... dd 46.41 0.15 ...
40.75 11.72 TivityHealth TVTY ... dd 40.15 +0.35 ... 314.86 225.13 UltaBeauty ULTA ... 37 261.74 15.23 ... 17.20 7.70 VeraBradley VRA ... 26 9.49 0.18 ... 30.80 21.45 WernerEnterprises WERN 1.0 29 29.45 0.30 .07 51.23 31.22 Zillow C Z ... dd 46.52 +0.02 ...
23.40 15.15 TiVo TIVO 3.9 85 18.65 +0.15 .18 225.63 180.29 UltimateSoftware ULTI ... cc 215.41 +1.55 ... 9.71 4.83 Veracyte VCYT ... dd 7.93 +0.22 ... 44.19 30.46 WesBanco WSBC 2.6 18 39.79 0.88 .26 6.90 1.07 ZionOil&Gas ZN ... dd 3.99 1.89 ...
17.95 9.68 Tocagen TOCA ... ... 10.17 1.56 ... 26.21 5.77 UltraClean UCTT ... 27 22.20 +2.37 ... 4.67 1.05 Verastem VSTM ... dd 3.72 +0.09 ... 25.05 18.31 WestBancorp WTBA 3.1 16 23.40 0.65 .18 48.33 25.62 ZionsBancorp ZION .7 20 44.72 +0.28 .08
28.00 3.30 TonixPharm TNXP ... dd 4.35 ... ... 13.60 1.80 UltraPetroleum UPL ... dd 10.62 +0.60 ... 44.70 33.40 VerintSystems VRNT ... dd 40.55 +0.40 ... 28.57 19.64 West WSTC 3.9 10 23.33 +0.02 .225 15.03 2.39 ZionsBancorpWt ZIONW ... ... 13.12 +0.14 ...
26.41 12.65 TowerSemi TSEM ... 14 26.27 +2.01 ... 91.35 49.97 UltragenyxPharm RARE ... dd 64.36 +0.44 ... 97.50 74.01 VeriSign VRSN ... 27 96.92 +2.50 ... 12.88 7.77 WestMarine WMAR ... 39 12.86 +0.01 .05 11.51 0.76 ZionsBancorpWt ZIONZ ... ... 9.76 0.34 ...
4.90 2.10 TownSports CLUB ... 10 4.65 0.10 ... 7.65 3.76 Ultralife ULBI ... 23 7.30 +0.15 ... 87.40 75.60 VeriskAnalytics VRSK ... 24 85.44 +1.79 ... 65.34 46.51 WestamericaBncp WABC 2.9 23 54.07 2.56 .39 6.67 3.65 Zix ZIXI ... 52 5.74 +0.07 ...
34.55 22.48 TowneBank TOWN 1.9 26 30.25 1.00 .14 19.50 14.78 Umpqua UMPQ 3.5 18 18.43 0.20 .16 29.43 13.91 Veritex VBTX ... 25 26.70 0.65 ... 95.51 43.09 WesternDigital WDC 2.1 dd 94.44 +7.50 .50 15.40 7.50 Zogenix ZGNX ... dd 14.30 0.45 ...
93.62 49.87 TractorSupply TSCO 2.1 16 51.52 +0.46 .27 11.93 8.90 UnicoAmerican UNAM ... dd 9.20 0.40 ... 15.64 9.95 Veritone VERI ... ... 10.02 1.52 ... 10.95 7.41 WestNewEngBncp WNEB 1.2 34 10.10 0.50 .03 26.55 11.60 Zumiez ZUMZ ... 13 12.45 ... ...
57.57 22.00 TradeDesk TTD ... 94 51.01 +1.11 ... 39.37 23.73 UnionBankshares UBSH 2.4 18 33.65 0.90 .20 17.50 11.03 VeronaPharma VRNA ... dd 11.71 0.24 ... 19.92 4.21 WestmorelandCoal WLB ... dd 4.47 0.06 ... 25.95 7.02 ZynerbaPharma ZYNE ... dd 19.43 +1.76 ...
4.21 1.50 TransWorldEnt TWMC ... 11 1.60 +0.01 ... 50.15 32.55 UnionBankshares UNB 2.5 23 45.70 0.25 .29 24.00 9.05 Versartis VSAR ... dd 16.85 0.60 ... 2.65 0.82 WestportFuelSys WPRT ... dd 1.64 0.29 ... 3.86 2.40 Zynga ZNGA ... dd 3.65 +0.05 ...
 July 17, 2017 BARRONS M23

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
PwrShDynEnerSec PXI .8 33.72 +1.28 .0685 ALPSIntlDivDogs IDOG 6.9 26.98 +0.76 .4658 DirexEnergyBl3 ERX 1.0 25.52 +1.56 .064 FidelityMSCIMatls FMAT 1.7 32.03 +0.68 .135 GuggBull2021HY BSJL 4.9 25.14 +0.08 .1028 iPathBBloomNatGas GAZB ... 47.56 +0.88 ...
PwrShDynFinl PFI .5 31.71 +0.02 .0395 ALPSMedBreak SBIO ... 28.65 +0.24 ... DirexEuroFinBr1 EUFS ... 16.98 0.36 .0109 FidelityRealEst FREL 3.7 24.27 +0.35 .223 GuggBull2022CpBd BSCM 2.3 21.35 +0.10 .0418 iShAAA-ARtdCorpBd QLTA 2.7 52.46 +0.30 .1183
PwrShDynHlthcr PTH ... 63.12 +0.78 ... ALPSSectorDivDogs SDOG 3.5 43.14 +0.64 .3792 DirexEuroFinBll2 EUFL ... 47.31 +1.26 2.7892 FidelityMSCITelSvs FCOM 3.7 31.24 0.21 .288 GuggBull2022HY BSJM 5.1 25.36 +0.14 .1085 iShA/PDividend DVYA 3.8 49.44 +1.45 .4752
PwrShDynIndls PRN .8 55.51 +1.44 .1111 ARKGenomicRev ARKG ... 22.43 +0.23 ... DirexChinaBr3 YANG ... 9.02 1.77 ... FidelityMSCIUtils FUTY 3.2 33.70 +0.24 .272 GuggBull2023CpBd BSCN 2.6 21.05 +0.16 .0455 iShAgencyBond AGZ 1.6 113.62 +0.23 .1478
PwrShDynTech PTF ... 48.73 +2.18 .1043 ARKIndlInnovation ARKQ ... 29.19 +1.23 ... DirexChinaBl3 YINN ... 25.51 +4.00 ... FidelityMomFactor FDMO 1.4 28.55 +0.52 .098 GuggBull2024CpBd BSCO 3.0 20.87 +0.13 .0514 iShCMBSETF CMBS 2.5 51.52 +0.35 .1076
PwrShFTSEIntlLow IDLB 4.4 28.05 +0.20 .3103 ARKInnovationETF ARKK ... 29.32 +0.74 ... DirexFTSEEurBull3x EURL ... 33.17 +2.25 ... FidelityQualFactor FQAL 1.8 28.89 +0.29 .131 GuggBull2025CpBd BSCP 2.9 20.67 +0.16 .0506 iShGovt/CreditBond GBF 2.2 114.15 +0.35 .2082
PwrShUS1500 PRFZ 1.2 119.37 +1.17 .3593 ARKWebx.0ETF ARKW ... 36.35 +1.49 ... DirexFinlBear3 FAZ ... 16.39 0.15 ... FidelityTotalBdETF FBND 2.6 50.17 +0.24 .107 GuggBull2024HY BSJO 4.9 25.70 +0.21 .1039 iShIntermCredBd CIU 2.5 109.76 +0.48 .2319
PwrShGlblAgricult PAGG 1.8 25.75 +0.95 .1139 AdvShCornerSC SCAP ... 31.87 +0.41 .0301 DirexFinlBear1X FAZZ ... 17.29 +0.08 .0554 FidelityValFactor FVAL 1.8 29.58 +0.37 .133 GuggBull2026CpBd BSCQ 2.9 19.66 +0.16 .0476 iShIntmGovt/CredBd GVI 1.9 110.79 +0.44 .1727
PwrShGlobalGold PSAU .2 18.68 +0.70 .0103 AdvShDorseyADR AADR 2.5 48.93 +1.90 .3034 DirexFinlBull3 FAS ... 50.76 +0.38 ... FinSelSectorSPDR XLF 1.5 24.92 0.13 .0931 GuggBull2023HY BSJN 5.0 26.82 +0.20 .1125 iSh1-3YCreditBond CSJ 1.7 105.35 +0.21 .1462
PwrShGlbWater PIO 2.0 24.07 +0.51 .1182 AdvShFocusedEqu CWS ... 28.80 +0.31 .0088 DirexGoldMinBr3 DUST ... 31.78 3.02 ... FT AustrAlpha FAUS 1.1 32.35 +1.32 .0905 GuggCdnEner ENY 3.2 8.32 +0.27 .0656 iSh10-20YTreasBd TLH 1.8 135.77 +0.72 .2055
PwrShGoldDragon PGJ 2.0 40.13 +2.54 .1974 AdvShGartmGoldEuro GEUR 7.3 11.41 +0.12 .032 DirexGoldBear1 MELT .2 26.79 0.96 .0156 FT S&P500VixTail VIXH 1.3 26.21 +0.23 .0872 GuggChinaAllCap YAO 1.7 31.34 +1.47 .5415 iSh3-7YTreasuryBd IEI 1.5 123.63 +0.53 .1519
PwrShHY EqDiv PEY 3.6 16.74 +0.02 .0501 AdvShGartmGoldYen GYEN 8.0 11.09 +0.02 .8912 DirexGoldMinBl3 NUGT ... 29.10 +2.62 ... FT ConsDscAlpDx FXD 1.0 37.08 +0.29 .0883 GuggChinaRE TAO 1.5 26.18 +0.83 .4027 iSh0-5YTIPSBd STIP 2.3 100.20 +0.16 .189
PwrShIntlBuyBack IPKW 1.1 32.72 +0.84 .0882 AdvShKIMKorea KOR ... 29.28 +0.74 .1147 DirexHlthcrBr3 SICK ... 22.05 0.72 ... FT ConsStaples FXG 1.2 46.14 +0.51 .1373 GuggChinaSC HAO 2.8 26.97 +0.99 .7553 iShCalifMuniBd CMF 2.1 117.88 +0.45 .2106
PwrShIntlDivAch PID 5.8 15.65 +0.45 .2268 AdvShNewTech FNG ... 20.71 +0.15 ... DirexHlthcrBull3 CURE ... 42.90 +1.29 ... FT DJ GlbSelDiv FGD 7.6 25.33 +0.28 .4829 GuggChinaTech CQQQ 1.2 49.31 +2.61 .5953 iShCommOptimized CMDT ... 34.92 +0.02 ...
PwrShKBW Banks KBWB 1.5 49.70 0.47 .1806 AdvShNewfleet MINC 2.5 48.73 +0.04 .1025 DirexHY Bear2 HYDD ... 19.20 0.25 ... FT DJ Internet FDN ... 98.67 +3.75 ... GuggDefEqty DEF 2.0 42.88 +0.41 .8475 iShAggrAllocation AOA 3.0 52.14 +0.88 .3966
PwrShKBWHiDiv KBWD 8.7 24.25 0.05 .1755 AdvShPacAsEnFR FLRT 2.6 49.75 +0.41 .1068 DirexHmbldrBr3 CLAW ... 15.13 +0.23 ... FT EnergyAlpDx FXN 1.4 13.48 +0.48 .0462 GuggDJIA Div DJD 2.5 30.26 +0.17 .1854 iShConsAllocat AOK 5.0 34.05 +0.38 .141
PwrShKBWPREIT KBWY 7.0 37.29 +0.44 .2166 AdvShPeritusHY HYLD 6.8 36.17 +0.22 .2051 DirexHmbldrBull3 NAIL ... 48.17 +0.87 ... EqCompassRiskMgr ERM ... 20.68 +0.36 .0398 GuggFronMkts FRN 3.4 14.02 +0.33 .4702 iShCoreDivGrowth DGRO 2.4 31.64 +0.26 .1859
PwrShKBWProp&Cas KBWP 1.6 58.80 0.02 .2397 AdvShRangerEqBear HDGE ... 8.50 0.16 ... DirexIndlsBl3 DUSL ... 28.11 +1.06 ... EqCompassTactical TERM ... 20.65 +0.32 .0382 GuggS&P500EWCD RCD 1.4 91.86 +0.42 .3218 iShCore5-10YUSDBd IMTB 3.1 49.57 +0.34 .1299
PwrShKBW RegBk KBWR 1.9 53.45 0.87 .2502 AdvShStrGlbBW VEGA .8 29.68 +0.69 .2243 DirexJapanBl3 JPNL ... 55.80 +1.98 ... FT DJ SelMicro FDM .7 44.15 0.17 .081 GuggS&P500EWCnStp RHS 2.1 123.92 +0.62 .6605 iShGrwthAllocation AOR 2.9 43.83 +0.65 .3202
PwrShLadder0-5 LDRI 1.8 24.97 +0.03 .0381 AdvShSageCore HOLD 1.3 99.44 +0.06 .1081 DirexJrGoldMinBr3 JDST ... 68.78 7.70 ... FT FTSE DevRE FFR 2.6 44.43 +0.68 .2862 GuggS&P500EW RSP 1.4 93.76 +1.26 .3205 iShCoreHiDividend HDV 3.5 83.22 +0.45 .7181
PwrShMultiStratAlt LALT ... 21.80 +0.07 .345 AdvShWilshireBuybk TTFS 1.1 66.96 +0.60 .7253 DirexJrGoldMinBl3 JNUG ... 16.78 +1.46 ... FT FinlsAlpDx FXO 1.5 29.02 +0.28 .1112 GuggS&P500EWEner RYE 1.6 53.13 +1.65 .2141 iShCoreMSCIEAFEETF IEFA 3.1 61.92 +1.36 .9647
PwrShNasdInternet PNQI ... 108.09 +4.89 ... AlerianEnergyInfr ENFR 4.1 23.46 +0.54 .2405 DirexLatinAmBl3 LBJ ... 28.64 +5.04 ... FT GlbEngg FLM 3.1 55.04 +1.29 .4239 GuggS&P500EWFin RYF 1.4 40.06 +0.02 .1397 iShCoreMSCIEmgMk IEMG 1.4 52.29 +2.56 .3609
PwrSh1-30LadTrsr PLW 2.0 32.52 +0.14 .0546 AlerianMLPETF AMLP 7.1 12.05 +0.12 .215 DirexIndiaBull3 INDL ... 88.00 +9.70 ... FT GlbWindEner FAN 7.3 13.20 +0.29 .2414 GuggS&P500EWHlthcr RYH .4 175.93 +2.41 .1606 iShCoreMSCIEurope IEUR 3.3 47.88 +1.08 .7912
PwrShQQQ 1 QQQ 1.1 142.12 +4.36 .3784 AlphaCloneAltAlpha ALFA ... 40.40 +0.57 ... DirexMexicoBl3 MEXX ... 32.66 +5.76 ... FT HlthCareAlpha FXH ... 67.70 +0.78 ... GuggS&P500EWIndl RGI 1.2 109.75 +0.97 .3267 iShMSCIIntlDev IDEV ... 54.53 +1.21 .6775
PwrShRuss1000Low USLB 1.4 28.99 +0.08 .0984 ArrowDJGlobalYd GYLD 18.2 18.32 +0.15 .278 DirexMcBear3 MIDZ ... 17.17 1.09 ... FTHeitmanPrmRlEst PRME 2.3 19.62 +0.33 .1123 GuggS&P500EWMat RTM 1.6 100.53 +2.20 .4116 iShCoreMSCIPacific IPAC 2.3 54.58 +1.07 .6389
PwrShS&P SC CD PSCD 1.8 53.83 +0.38 .2379 iPathS&P500VIXST VXX ... 12.01 1.07 ... DirexMcBull3 MIDU ... 38.43 +1.11 .6125 FTHorizonMgdVolDev HDMV 6.2 32.74 +0.59 .5041 GuggS&P500EWTech RYT .8 129.97 +4.16 .2596 iShModAllocation AOM 2.7 37.31 +0.41 .2545
PwrShS&P SC ConStp PSCC .3 66.05 +0.14 .0449 PathS&P500VIXMT VXZ ... 21.84 1.28 ... DirexNatGasBr3 GASX ... 36.30 5.87 ... FTHorizonMgdVolDom HUSV 1.4 21.86 +0.07 .0759 GuggS&P500EWUtil RYU 3.0 85.23 +1.38 .6363 iShCore1-5YUSDBd ISTB 2.1 50.24 +0.13 .0889
PwrShS&P SC Ener PSCE ... 13.41 +0.79 .0192 BarclyiPathBCrude OILB ... 46.39 +0.84 ... DirexNatGasBl3 GASL ... 20.52 +2.68 ... FT Chindia FNI 1.2 36.92 +1.77 .1114 GuggS&P500PureGr RPG .5 96.56 +1.91 .1192 iShCoreS&P500ETF IVV 1.8 247.10 +3.39 1.117
PwrShS&P SC Fin PSCF 1.4 51.72 0.28 .1792 BarcETNFIEnhEur50 FEEU ... 121.80 +4.89 ... DirexRealEstBr3 DRV ... 11.34 0.47 ... FT IndlsAlpDx FXR .6 36.22 +0.34 .0521 GuggS&P500PrVal RPV 1.9 60.47 +0.64 .2939 iShCoreS&PMdCp IJH 1.4 175.90 +1.79 .6018
PwrShS&P ScHealth PSCH ... 87.83 +0.43 .0195 BarclaysETN FI Enh FLEU ... 146.26 +5.94 ... DirexRealEstBl3 DRN ... 22.12 +0.76 ... FT Long/Short FTLS .6 36.62 +0.34 .0575 GuggS&P400PrGrwth RFG .4 141.52 +1.01 .159 iShCoreS&PSmCpETF IJR 1.2 70.73 +0.62 .2061
PwrShS&P SmInds PSCI 1.7 57.01 +0.30 .239 BarcETN+FIEnhGlHY FIGY ... 154.81 +3.96 ... DirexRgBanksBear3X WDRW ... 41.90 +0.61 ... FT MatAlpDX FXZ 1.3 39.07 +0.86 .1256 GuggS&P400PureVal RFV 1.8 63.74 +0.97 .2936 iShS&PTotlUSStkMkt ITOT 1.7 56.24 +0.78 .2408
PwrShS&P InfTech PSCT ... 77.05 +2.07 .1317 S&PVEQTOR VQT ... 146.19 +1.17 ... DirexRgBanksBull3X DPST ... 61.87 2.31 .103 FT MngstrDiv FDL 3.4 28.15 +0.20 .2379 GuggS&P600PrGrwth RZG .4 104.27 +1.03 .1062 iShCoreS&PUSGrowth IUSG 1.4 49.27 +0.98 .1693
PwrShS&PSCMatls PSCM .8 47.45 +0.92 .0896 BarclaysETN+Select ATMP 4.8 22.72 +0.36 .2714 DirexRetailBull3 RETL ... 25.89 +0.22 .9513 FT MornMgdFut FMF ... 45.83 +0.09 ... GuggS&P600PrVal RZV 1.2 65.77 +0.30 .1966 iShCoreS&PUSValue IUSV 2.0 51.31 +0.34 .2583
PwrShS&PSC Util PSCU ... 50.36 0.67 1.7605 BarclaysETNShiller CAPE ... 108.30 +1.65 ... DirexRussiaBr3 RUSS ... 31.60 6.16 ... FT NaturalGas FCG 5.6 20.65 +0.99 .2873 GuggInsider NFO 1.6 56.85 +1.05 .9038 iShCore10+YUSDBd ILTB 3.8 63.10 +0.55 .1991
PwrShVarRateInv VRIG 2.2 25.23 ... .046 BarcRetDisability RODI ... 69.30 +13.83 ... DirexRussiaBl3 RUSL ... 39.80 +6.00 ... FT NA Energy Infra EMLP 4.6 24.94 +0.37 .2837 GuggIntlMltAst HGI 3.1 16.80 +0.26 .129 iShCoreTotalUSDBd IUSB 2.7 50.92 +0.28 .1157
PwrShWaterRscs PHO .8 27.30 +0.37 .0575 BarclaysWILETN WIL ... 61.56 +0.64 ... DirexS&P500Br3 SPXS ... 39.41 1.72 ... FT NYSE ArcaBiotch FBT ... 115.46 +0.16 ... GuggMSCIEMEq EWEM 3.0 32.71 +1.01 .2472 iShCoreUSAggBd AGG 2.5 109.37 +0.47 .2252
PrincipalHlthInnov BTEC ... 28.60 0.26 ... Barrons400ETF BFOR .7 38.26 +0.39 .2736 DirexS&P500Bl3 SPXL ... 35.62 +1.42 ... FT PfdSecs FPE 6.1 20.08 +0.02 .1026 GuggGlbTimber CUT 1.8 29.20 +0.84 .5152 iShCoreUS REIT USRT 3.8 49.24 +0.67 .4632
PrincplMillennials GENY 1.1 29.91 +1.25 .0836 BrandValueETF BVAL ... 15.28 +0.06 ... DirexS&P500Bull2X SPUU ... 42.04 +1.20 2.9426 FTSTOXXEurSel Div FDD 7.9 13.36 +0.26 .2643 GuggMC Core CZA 1.7 61.08 +0.80 1.0156 iShCurrHdgIntlHY HHYX 1.3 27.09 0.16 .0284
PrincipalShrhldrYd PY .9 29.36 +0.36 .0692 BuzzUSSentLdrs BUZ ... 29.02 +0.75 .175 DirexS&PBiotchBr1 LABS ... 27.55 0.58 1.7293 FT S&P REIT FRI 2.4 23.18 +0.24 .1363 GuggMltiAstIncm CVY 4.1 21.19 +0.27 .2179 iShCurrHdgNikk400 HJPX 1.2 27.20 0.07 .1629
PrincipalUSSCIndex PSC 1.1 28.64 0.16 .0787 CSOPChinaCSI300AH HAHA ... 30.24 +1.18 .4779 DirexS&PBiotechBr3 LABD ... 6.39 0.21 ... FT TechAlphaDEX FXL .4 45.48 +1.52 .041 GuggMultiC GMFL ... 24.99 +0.26 ... iShCurHdgMSCIACWI HACW 2.2 27.21 +0.39 .2972
ProShrUltNdBTh BIB ... 55.54 +1.34 ... CSOPFTSEChinaA50 AFTY 1.0 15.99 +0.63 .1543 DirexS&PBiotechBl3 LABU ... 67.30 +1.97 ... FT USEquityOpp FPX .6 60.50 +1.12 .084 GuggRayJamesSB1 RYJ 1.5 40.63 +0.95 .5947 iShCurHdgMSCIUS HAWX 2.8 25.40 +0.44 .3559
ProShUltNasdBio UBIO ... 33.72 +1.23 ... CTracksETN2026 MLPE 5.2 25.33 +1.33 .3264 DirexS&P500Br1 SPDN ... 33.51 0.41 .0374 FT UtilAlpha FXU 3.0 26.93 +0.07 .1996 GuggS&P500EWRlEst EWRE 3.1 27.21 +0.39 .208 iShCurrHdgMSCIAus HAUD 4.5 22.84 +0.04 .515
ProShUltPrQQQ TQQQ ... 107.60 +9.62 ... CTrksETNsMillerHwd MLPC 5.1 16.68 +0.50 .2109 DirexS&P500Bl1.25 LLSP 1.1 32.29 +0.55 .0924 FT ValDivFd FVD 2.2 29.22 +0.09 .1643 GuggS&P500Top50 XLG 1.9 173.69 +2.40 .8106 iShCurrHdgMSCICda HEWC 1.5 24.61 +0.23 .1872
ProShUltShNasdBio ZBIO ... 12.56 0.55 ... CambriaCoreEqu CCOR ... 24.96 0.12 .0331 DirexS&POil&GasBr3 DRIP ... 22.43 2.94 ... FT ValueLine100 FVL .9 21.67 +0.37 .0506 GuggS&PGlbl LVL 5.0 10.88 +0.12 .1367 iShCurrHdgMSCIEAFE HEFA 3.1 28.34 +0.32 .446
ProShUltraProShQQQ SQQQ ... 29.17 2.92 ... CambriaGlbMomentum GMOM 3.9 25.45 +0.52 .246 DirexS&POil&GasBl3 GUSH ... 20.58 +2.25 3.3106 FT Water FIW 1.0 43.45 +0.64 .1128 GuggS&PGlblWtr CGW 1.4 33.22 +0.79 .4701 iShCurHdgMSCIEAFE HSCZ 2.6 28.43 +0.26 .3754
ProShUltShNdBtech BIS ... 23.26 0.62 ... CambriaGlbValue GVAL 5.1 24.43 +0.89 .311 DirexSemiBear3 SOXS ... 26.39 4.02 ... FlexShSelBdFd BNDC 2.6 24.97 0.04 .0535 GuggS&PHiIncmInfr GHII 8.5 28.41 +0.76 .6011 iShCurrHdgMSCIEM HEEM 1.1 24.92 +1.06 .1316
PureFundsETFHealth IMED ... 29.59 +0.48 .0119 CambriaShareholder SYLD 1.4 34.70 +0.37 .1255 DirexSemiBl3 SOXL ... 98.36 +12.49 2.7644 FlexShCurrHdDM TLDH 4.9 27.44 +0.43 .3344 GuggS&PMC400EW EWMC 1.0 60.31 +0.92 .1451 iShCurHdMSCIEurozn HEZU 3.0 29.58 +0.58 .4439
PureFdSolactiveFin FINQ ... 28.50 +0.30 .2772 CitigrCTracksETN DIVC ... 31.79 +0.62 ... Direx7-10TreaBr1 TYNS ... 28.23 0.15 ... FlexShCurrHdgEM TLEH 1.5 29.25 +0.87 .1076 GuggS&P100EW OEW 1.5 30.06 +0.43 .1147 iShCurrHdMSCIGrmny HEWG 4.0 28.06 +0.54 .5589
ROBOGlblRobotics ROBO .2 35.36 +1.21 .0549 ClaymoreIdxLnk GCE 6.4 16.55 +0.25 .2633 Direx7-10TreaBr3 TYO ... 14.10 0.31 ... FlexGlbQualRealEst GQRE 2.8 60.17 +0.86 .4229 GuggS&PSC600EW EWSC .8 49.86 +0.06 .096 iShCurHdgMSCIItaly g HEWI 3.9 16.61 +0.38 .3198
SPDRDorseyWrightFx DWFI 6.6 25.70 +0.22 .1423 ClearSharesOCIO OCIO ... 25.17 +0.29 ... Direx7-10TreaBull TYD ... 44.50 +1.03 2.8423 FlexGlbUpstmNatRsc GUNR 2.8 29.43 +1.02 .2045 GuggS&PSpinOff CSD 1.4 48.62 +1.12 .702 iShCurrHdMSCIJapan HEWJ 1.4 29.61 +0.02 .2037
TuttleTactMgtMulti TUTI 1.3 22.77 +0.07 .2923 ColumbiaBeyBRICs BBRC 2.2 17.79 +0.63 .3962 DirexSilverMinBr2 DULL ... 30.35 2.16 3.143 FlexShiBoxx5YTIPS TDTF 3.5 24.95 +0.16 .0726 GuggShipping SEA 4.9 12.29 +0.49 .1515 iShCurHdgMSCIMex HEWW 2.5 21.44 +0.33 .2694
TuttleTacticMgmtUS TUTT .4 22.66 +0.21 .1003 ColumbiaCoreBdETF GMTB 2.0 51.69 0.15 .0868 DirexSilverMinBl2 SHNY ... 10.25 +0.83 ... FlexiBx3YDurTIPS TDTT 3.1 24.50 +0.04 .0638 GuggSolar TAN 4.0 20.64 +0.88 .8349 iShCurrHdgMSCISK HEWY .5 29.80 +0.59 .0731
ValideaMktLeg VALX .8 27.00 +0.33 .2232 ColumbiaEMCoreXCh XCEM 1.0 27.57 +1.58 .2811 DirexScBear3 TZA ... 15.85 0.44 ... FlexShIntQualDiv IQDE 6.7 24.74 +0.67 .4167 GuggTR Bond GTO 2.7 52.08 +0.10 .1192 iShCurHdgMSCISpain HEWP 2.0 23.55 +0.29 .2317
VanEckBiotech BBH ... 127.96 +2.02 .327 ColumbiaEMQualDiv HILO 1.8 14.27 +0.52 .0635 DirexSCBull2 SMLL ... 43.21 +0.98 ... FlexShIntQuDivDyn IQDY 6.0 27.11 +0.76 .4073 GuggUltraShrtDur GSY 1.3 50.27 ... .0525 iShCurHdgMSCISwitz HEWL 4.3 26.43 +0.50 .5685
VanEckGenDrugs GNRX ... 23.10 +0.50 .097 ColumbiaEMStratOpp EMDD 2.0 19.99 +0.53 .4045 DirexScBl1.25 LLSC 2.0 32.54 +0.23 .1603 FlexShIntlQualDiv IQDF 6.5 25.81 +0.70 .417 HartfordMultiDvxUS RODM 2.5 27.44 +0.39 .3461 iShCurrHdgMSCIUK HEWU 4.7 23.53 +0.10 .5543
VanEckPharm PPH 2.1 58.63 +0.61 .304 ColumbiaEMConsumer ECON .6 27.22 +1.36 .164 DirexSCBull3 TNA ... 57.28 +1.45 ... FlexShMDevMktxUS TLTD 4.8 64.13 +1.27 .773 HartfordMultiEM ROAM 1.8 24.13 +0.98 .2191 iShIntlSelDividend IDV 6.8 33.24 +0.64 .5677
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

VangdEM GovBd VWOB 4.5 79.98 +0.88 .303 ColumbiaEMCoreETF EMCR 1.2 20.20 +0.41 .2348 DirexKRBull3 KORU ... 51.91 +6.98 ... FlexShEM FactTilt TLTE 1.6 55.53 +2.30 .2161 HartfordMultiGlbSC ROGS 1.6 29.06 +0.78 .2293 iShSelectDividend DVY 3.2 91.98 +0.40 .7291
VangdGlblxUS RE VNQI 1.9 57.08 +1.46 .278 ColumbiaIndiaCnsmr INCO .1 43.45 +0.87 .0303 DirexTechBear1 TECZ ... 18.72 0.51 .1037 FlexMrnUSMktFtrTlt TILT 1.7 102.98 +1.29 .4257 HartfordMultiREIT RORE 1.9 15.35 +0.14 .0715 iShTransportAvg IYT 1.2 175.40 +0.83 .5243
VangdIntrCorpBd VCIT 3.2 87.70 +0.61 .234 ColumbiaIndiaInfr INXX 2.2 14.15 +0.54 .3174 DirexTechBear3 TECS ... 10.26 1.08 ... FlexShQualDivDef QDEF 2.6 40.73 +0.32 .2646 HartfordMultiUSEqu ROUS 1.6 27.98 +0.29 .1092 iShUSBasicMaterial IYM 1.8 92.15 +2.22 .4218
VangdIntrmGovBd VGIT 1.7 64.67 +0.28 .09 ColumbiaIndiaSC SCIN .6 20.22 +0.40 .1288 DirexTechBull3 TECL ... 80.16 +7.43 ... FlexShQualDivDyn QDYN 2.7 40.70 +0.55 .2781 HealthCareSelSect XLV 1.5 80.13 +0.91 .3078 iShUSConsumerSvcs IYC 1.1 164.61 +1.49 .4653
VangdIntlDivApp VIGI 3.3 62.65 +1.72 .511 ColumbiaInterMunBd GMMB 3.0 53.02 +0.05 .1309 DirexTotBdBr1 SAGG ... 31.25 0.11 ... FlexShQualityDiv QDF 2.7 41.45 +0.35 .2811 HrznsS&P500CovCall HSPX ... 48.83 +0.46 ... iShUSConsumerGoods IYK 1.7 121.77 +0.84 .5213
VangdIntlHiDiv VYMI 5.2 64.18 +1.67 .83 ColumbiaSustGlb ESGW 3.5 29.28 +0.12 .253 DirexTransportBl3 TPOR ... 29.92 +0.35 ... FlexShReadyAcc RAVI 1.2 75.52 +0.04 .0762 HullTacticalUS HTUS ... 27.40 ... .6672 iShUSFinlServices IYG 1.4 114.64 0.28 .3909
VangdLTCorpBd VCLT 4.1 93.13 +0.86 .316 ColumbiaSustIntl ESGN 5.5 29.27 +0.76 .4038 Direx20+TreaBr1 TYBS ... 20.63 0.22 ... FlexShSTOXXGlb NFRA 4.1 47.36 +0.81 .49 IQ AustraliaSC KROO 1.6 17.32 +0.71 .2814 iShUSHealthcare IYH 1.1 167.93 +1.66 .4551
VangdLTGovBd VGLT 2.5 76.07 +0.30 .16 ColumbiaSustUSEqu ESGS 2.3 29.45 +0.47 .1668 Direx20+TreaBr3 TMV ... 20.25 0.29 ... FranklinIntlOpps FLIO ... 26.84 0.20 .3063 IQ CanadaSC CNDA 1.7 17.18 +0.65 .2926 iShU.S.Industrials IYJ 1.5 134.01 +1.78 .4919
VangdMBS VMBS 2.2 52.61 +0.14 .095 CnsmrDiscSelSector XLY 1.2 90.19 +0.99 .2746 Direx20+YrTrBull TMF .4 20.18 +0.26 .0184 FranklinLibInvGrd FLCO 3.5 24.61 +0.02 .071 IQEnhCoreBdUS AGGE 2.2 19.60 +0.07 .0355 iShU.S.RealEstate IYR 3.6 79.84 +1.14 .7209
VangdRuss1000 VONE 1.9 112.78 +1.58 .522 CnsStapleSelSector XLP 3.2 54.72 +0.21 .4358 DirexUtilBl3X UTSL ... 26.00 +0.61 ... FranklinShrtDurUS FTSD 2.1 96.67 +0.23 .1701 IQEnhCorePlusBdUS AGGP 3.3 20.04 +0.09 .0559 iShU.S.Utilities IDU 3.0 130.00 +1.01 .9651
VangdRuss1000Grw VONG 1.4 124.41 +2.51 .432 CS FI LC Grwth FLGE ... 185.88 +7.69 ... Direx iBillionaire IBLN ... 29.68 +0.81 .2461 FranklinUSLowVol FLLV .9 27.70 0.11 .0649 IQ50%HdgFTSEEur HFXE 4.6 19.48 +0.30 .222 iShUSAerospace&Def ITA .9 163.03 +2.60 .3766
VangdRuss1000Val VONV 2.3 101.98 +0.89 .581 CS S&P MLP MLPO 6.1 15.42 0.47 .2348 DirexNasd100EW QQQE .8 40.70 +0.95 .0829 FranklinLibEM FLQE 1.8 31.31 +1.33 .2893 IQ50%HdgFTSEIntl HFXI 4.6 20.52 +0.42 .2373 iShUS Energy IYE 2.3 35.78 +0.82 .2075
VangdRuss3000 VTHR 1.8 112.81 +1.56 .505 CSX2xAlerianMLPETN AMJL 25.4 23.51 +0.67 .4971 DirexZacksMLPHiIn ZMLP 9.1 17.52 +0.40 .40 FranklinLibQGlbDiv FLQD 2.5 28.23 +0.51 .1759 IQ50%HdgFTSEJapan HFXJ 1.1 19.98 0.01 .1141 iShUS Finls IYF 1.5 108.49 +0.11 .4117
VangdRuss2000 VTWO 1.3 113.82 +0.97 .376 CSX Mthly2xLvMtg REML 47.3 31.04 0.77 1.2235 EmgMktInternetEcom EMQQ .5 33.74 +2.06 .1714 FranklinGlbEquity FLQG 2.3 28.40 +0.60 .3247 IQGlbAgribusSC CROP 1.1 34.28 +0.72 .3809 iShUSHealthcarePrv IHF .2 149.41 +1.10 .0793
VangdRuss2000Grw VTWG .8 124.26 +1.63 .235 CSX MultiAsstHi MLTI 11.8 28.60 0.16 .2809 ETF Exposure TETF ... 16.76 +0.02 ... FranklinIntlEquity FLQH 10.6 24.41 +0.23 1.2978 IQGlblOilSmCp IOIL 3.7 9.81 +0.31 .361 iShUSHomeConstrn ITB .4 34.55 +0.21 .0309
VangdRuss2000Val VTWV 1.8 103.24 +0.58 .475 CSX WTICrude OIIL ... 28.05 +1.43 ... ETFSBloomAllCmdty BCD ... 24.08 +0.15 ... GS ConnS&PGSCI GSC ... 20.59 +0.31 ... IQGlobalResources GRES .4 25.78 +0.78 .0967 iShU.S.Insurance IAK 1.5 63.40 +0.09 .2413
VangdSTCpBd VCSH 2.2 80.08 +0.26 .149 CurrShAUD FXA .8 78.29 +2.28 .0553 ETFSBloomAllCmdty BCI ... 24.14 +0.26 ... GlbXBrazilConsumer BRAQ 1.2 14.41 +1.15 .1752 IQHedgeEventDriven QED 2.2 20.92 +0.14 .4573 iShUSOilEquip&Svcs IEZ .9 34.46 +1.87 .0803
VangdSTGovBd VGSH 1.1 60.76 +0.06 .055
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

CurrShGBP FXB ... 127.61 +2.11 ... ETFSPhyPrecMtllBsk GLTR ... 60.74 +0.99 ... GlbX BrazilMC BRAZ 1.2 10.30 +0.75 .1205 IQHedgeL/STracker QLS .3 20.93 +0.07 .0584 iShUSOil&GasExpln IEO 1.3 54.91 +1.69 .1718
VangdShtTmInfltn VTIP ... 49.24 +0.07 .374 CurrShCAD FXC ... 77.99 +1.42 ... AlphaCloneIntl ALFI .7 23.73 +0.83 .1682 GlbX ChinaConsumer CHIQ 1.1 15.44 +0.58 .1693 IQ HedMacrTrac MCRO ... 25.88 +0.20 ... iShUSPharmaceuticl IHE 2.3 156.43 +1.68 .9184
VangdTotIntlBd BNDX 1.1 54.17 +0.14 .049 CurrShCNY FXCH ... 72.63 +0.64 ... ETRACS Alerian MLP AMU 6.6 18.98 +0.32 .3136 GlbX ChinaEner CHIE 1.9 11.14 +0.48 .2149 IQHedgeMktNeut QMN 1.4 25.38 +0.05 .3478 iShUSRegionalBanks IAT 1.6 45.84 0.32 .1826
VangdTotIntlStk VXUS 4.2 53.23 +1.51 .556 CurrShEuro FXE ... 110.94 +0.64 ... ETRACSMthPay2xLev CEFL 16.5 18.28 +0.05 .251 GlbX ChinaFinls CHIX 1.6 16.32 +0.99 .2577 IQ HedMultStra QAI .0 29.65 +0.28 .0005 iShU.S.Technology IYW .9 145.82 +5.33 .3292
Velocity3xLgSilver USLV ... 10.31 +0.70 ... CurrShJPY FXY ... 85.46 +0.99 ... ETRACSMthPay2xLev DVHL 20.4 21.94 +0.08 .3734 GlbX ChinaIndls CHII 1.4 14.60 +0.65 .1989 IQLeadersGTAATrkr QGTA 3.1 23.16 +0.12 .179 iShUSTelecomm IYZ 2.5 31.34 0.31 .1955
VS2xVIXMedTerm TVIZ ... 14.38 1.76 ... CurrShSEK FXS ... 114.75 +1.03 ... DJ 2xSelect Div DVYL 9.6 63.93 +0.16 .513 GlbX ChinaMatls CHIM .9 18.10 +0.42 .162 IQMergerArbitrage MNA .2 30.73 0.08 .0613 iShUSMedDevices IHI .1 169.03 +2.19 .0535
VS2xVIXShortTerm TVIX ... 18.67 3.50 ... CurrShCHF FXF ... 98.46 ... ... ETRACSMortgageREIT MORL 47.3 18.00 0.53 .7097 GlbXCopperMiners COPX .5 22.49 +1.44 .1195 IQRealReturn CPI ... 27.36 +0.07 ... iShEdgeMSCIIntlMom IMTM 2.4 28.67 +0.63 .3446
VSInvVIXMedTerm ZIV ... 72.66 +3.90 ... Cushing30ETN PPLN ... 21.11 +0.83 ... S&P2xDivAristoETN SDYL 5.8 73.22 +0.59 .3555 GlbX FTSEAndean40 AND 1.0 9.09 +0.35 .0874 IQS&PHYLowVolBd HYLV 3.0 25.36 +0.13 .0629 iShEdgeMSCIIntQual IQLT 3.8 28.03 +0.68 .5319
VSInverseVIXSTerm XIV ... 88.19 +7.28 ... DBAgricDoubleLgETN DAG ... 3.56 0.05 ... ETRACS2xLevUSHiDiv HDLV 15.3 29.65 0.22 .3789 GlbXFTSENordReg GXF 3.0 23.62 +0.75 .7183 IQ US RealEstSC ROOF 4.3 27.17 +0.28 .2933 iShEdgeMSCIIntSize ISZE 4.5 26.73 +0.57 .5986
VSVIXMedTerm VIIZ ... 7.56 0.47 ... DBAgricLongETN AGF ... 11.69 0.01 ... ETRACS2xLevxEn LMLP 1.6 15.34 +0.66 .0208 GlbX FTSE SE Asia ASEA 2.3 15.32 +0.24 .3562 IndSelSectorSPDR XLI 1.9 69.43 +0.77 .3236 iShEdgeMSCIIntVal IVLU 2.5 24.66 +0.51 .307
VSVIXShortTerm VIIX ... 20.27 1.85 ... DBBaseMtlsDoubleLg BDD ... 7.60 +0.25 ... ETRACS2xLevUSREIT LRET 14.2 26.08 +0.30 .308 GlbXFertilizersPot SOIL 3.0 9.66 +0.44 .2884 InfraCapMLPETF AMZA 21.4 9.74 +0.17 .52 iShEdgeMSCIMinVlAs AXJV 1.4 34.03 +0.96 .2348
VicShDevEnhVol CIZ 4.6 33.10 +0.89 .1281 DBBaseMtlsDblShr BOM ... 11.52 +0.32 ... ETRACSMthPay2xLev MRRL 47.8 17.83 0.55 .7097 GlbX GoldExplorers GOEX 36.7 21.96 +0.68 8.0542 InfraCapREITPfd PFFR .9 26.36 +0.11 .0203 iShEdgeMSCIMinEAFE EFAV 4.0 69.70 +1.36 1.397
VicShDivAccel VSDA 1.9 25.98 0.02 .0406 DBCommodityDblLong DYY ... 3.27 +0.27 ... ETRACSMthlyPay2x SMHD 37.9 19.89 0.76 .6274 GlbX GuruIndex GURU .2 27.44 +0.47 .0532 InnovatorIBD50Fd FFTY ... 28.80 +1.42 ... iShEdgeMSCIMinVlEM EEMV 1.5 57.06 +1.93 .4275
VicShEMVolWtd CEZ 2.2 28.39 +0.27 .053 DBCrudeOilDblShrt DTO ... 147.42 15.47 ... ETRACSMnthly2xLev SPLX ... 45.56 +1.29 ... GlbXGuruIntlIndex GURI 1.5 15.07 +0.36 .228 InspireCpBdImp IBD ... 25.15 +0.05 ... iShEdgeMSCIMnVlEur EUMV 3.7 24.83 +0.46 .4614
VicShIntlHiDivVol CID 10.5 35.04 +0.68 .3059 DBCrudeOilLongETN OLO ... 4.01 +0.05 ... ETRACSMnly2xLevISE HOML ... 37.04 +1.84 ... GlbXJPMEfficiente EFFE 1.7 25.77 +0.44 .426 InspireGlblHope BLES ... 26.58 +0.42 .1543 iShEdgeMSCIMinVol ACWV 2.1 79.45 +0.91 .8503
VicShIntlVolWtd CIL 4.9 38.10 +0.96 .1554 DBCrudeOilShortETN SZO ... 93.54 6.84 ... ETRACSS&PGSCICrude OILX ... 26.87 +0.97 ... GlbX JPM US SecRot SCTO 2.2 24.95 +0.09 .5434 InspireS/MC Impact ISMD ... 25.18 +0.28 .0549 iShEdgeMSCIMinJapn JPMV 1.7 62.11 +0.77 .5131
VicShUSDiscEnhVol CSF 1.4 41.58 +0.06 .0484 DBGoldDoubleLgETN DGP ... 22.42 +0.59 ... ETRACS2xMLvAlerian MLPQ 13.7 46.60 0.05 1.5915 GlblXJrMLPETF MLPJ 7.3 7.80 +0.19 .1425 iPathBloomAgriTR JJA ... 33.93 0.77 ... iShEdgeMSCIMinUSA USMV 2.1 49.25 +0.39 .2584
VicShUSEQIncmEnh CDC 3.4 43.34 +0.19 .1226 DBGoldDoubleShrt DZZ ... 6.04 0.15 ... ETRACS2xMLevS&PMLP MLPZ 14.2 48.19 1.48 1.7108 GlbXLithium&Batt LIT 1.7 30.54 +1.12 .5242 iPathBloomAlumTR JJU ... 16.67 0.17 ... iShEdgeMSCIMultif ACWF 1.7 27.90 +0.77 .2433
VicShUS500EnhVol CFO 1.6 44.53 +0.41 .0589 DBGoldShortETN DGZ ... 14.39 0.25 ... ETRACSUBSBloomberg UCIB ... 12.48 0.54 ... GlbX MLP&Energy MLPX 4.1 14.11 +0.38 .1445 iPathBloomCocoaTR NIB ... 22.99 +0.44 ... iShEdgeMSCIMultInt INTF 3.1 26.87 +0.61 .4202
VicShUS500Vol CFA 1.6 44.58 +0.42 .0603 DeepValueETF DVP .8 28.80 +0.39 .0598 ETRACSWFBusDev BDCZ 8.7 22.10 0.51 .4826 GlbX MLP MLPA 7.2 11.08 +0.17 .1985 iPathBloomCoffeeTR JO ... 17.91 +0.73 ... iShEdgeMSCIMlIntSC ISCF 1.8 28.61 +0.51 .2627
VicShUSLCHiDivVol CDL 3.4 42.26 +0.23 .1195 DeutXCSI300ChinaA ASHX 13.3 21.10 +0.42 2.8168 E-TRACS Agri UAG ... 19.11 +1.11 ... GlbXMSCIArgentina ARGT .3 30.07 +0.78 .084 iPathBloomCommTR DJP ... 22.71 +0.33 ... iShEdgeMSCIMultUSA LRGF 1.6 29.19 +0.33 .1197
VicShUSMultMin VSMV ... 25.01 +0.14 ... DeutschexFTSEDev DEEF 4.3 27.73 +0.72 .2991 E-TRACS Engy UBN ... 6.58 +0.44 ... GlbXMSCIColombia GXG 1.4 9.94 +0.34 .1349 iPathBloomCopperTR JJC ... 30.58 +0.59 ... iShEdgeMSCIUSASC SMLF .9 36.73 +0.40 .0795
VicShUSSCHiDiv CSB 5.2 40.19 0.18 .1728 DeutscheXFTSEEmCmp DEMG 2.9 28.42 +1.16 .2046 E-TRACS CMCI UCI ... 13.62 +0.21 ... GlbX MSCIGreece GREK 1.4 10.74 +0.38 .152 iPathBloomCottonTR BAL ... 43.82 1.28 ... iShEdgeMSCIUSAMom MTUM 1.0 91.66 +1.65 .2383
VicShUSSCVolWtd CSA 1.4 42.55 +0.12 .0499 DeutscheXHarCSI300 ASHR .6 27.86 +0.70 .1714 E-TRACS Food FUD ... 19.39 0.04 ... GlbXMSCINigeria NGE ... 19.33 +1.24 ... iPathBloomEnergyTR JJE ... 4.94 0.06 ... iShEdgeMSCIUSAQual QUAL 2.1 75.44 +0.95 .393
VidentCoreUSBdStr VBND 2.2 49.67 +0.30 .2719 DeutscheXCSI500ChA ASHS ... 33.12 0.23 ... E-TRACS Gold UBG ... 31.31 0.47 ... GlbX MSCINorway NORW 2.7 12.11 +0.61 .3222 iPathBloomGrainsTR JJG ... 29.10 1.02 ... iShEdgeMSCIUSASize SIZE 1.7 78.36 +0.83 .3245
VidentCoreUSEquity VUSE 1.1 30.23 +0.47 .0847 DeutscheXNikkei400 JPN 1.9 26.29 +0.25 .2501 E-TRACS IndMtl UBM ... 14.86 +0.75 ... GlbXMSCIPakistan PAK 3.3 15.68 0.12 .5195 iPathBlmIndMetalTR JJM ... 24.73 +0.33 ... iShEdgeMSCIUSAVal VLUE 2.6 74.75 +0.95 .4863
VidentIntlEquityFd VIDI 3.7 26.35 +0.98 .2422 DeutscheXACAPxJ DBAP 1.5 27.07 +0.63 .2002 E-TRACS Lvstk UBC ... 19.83 +0.22 ... GlbXMSCIPortugal PGAL 3.4 11.62 +0.46 .3994 iPathBloomLeadTR LD ... 49.18 +1.57 ... iShEmgMktDividend DVYE 5.1 41.32 +1.49 .5309
VS3XInvrsGold DGLD ... 52.48 2.09 ... DeutscheXAllChina CN 9.1 32.91 +1.38 2.9889 E-TRACS Silvr USV ... 20.39 0.06 ... GlbXISuperDivEM SDEM 4.2 16.30 +0.71 .0575 iPathBlmLivestkTR COW ... 24.90 +0.16 ... iShEuropeETF IEV 3.6 45.28 +1.01 .8243
VS 3X INV SILVER DSLV ... 30.17 2.41 ... DeutscheXMSCIAWxUS DBAW 2.4 26.53 +0.49 .3234 ETracsLngPlat PTM ... 9.59 +0.18 ... GlbXNextEmerging EMFM 2.2 22.23 +0.75 .4816 iPathBloomNatGasTR GAZ ... .30 +0.03 ... iShExponentialTech XT 2.9 32.61 +0.78 .2374
VS 3X GOLD UGLD ... 9.67 +0.37 ... DeutscheXAllxUSHiD HDAW 4.0 26.19 +0.45 .2604 EcoLogicalStrat HECO .9 40.40 +0.40 3.3075 GlbX Permanent PERM 1.2 25.02 +0.44 .3126 iPathBloomNickelTR JJN ... 11.23 +0.82 ... iShMtgRealEstCap REM 8.2 46.61 +0.45 .9549
WeatherStorm FLAG 1.2 38.72 0.02 .1161 DeutscheXMSCIBrazl DBBR 2.3 10.72 +0.50 .1239 ElemntsDJSelct DOD ... 19.15 +0.01 ... GlbXSciBetaAsiaXJ SCIX 4.2 24.24 +0.14 1.0171 iPathBlmPlatinumTR PGM ... 18.88 +0.17 ... iShResidentRealEst REZ 3.7 64.32 +0.30 .5894
WisdTrBarUSAggBd AGZD 2.4 48.01 +0.06 .095 DeutscheXMSCIEAFE DBEF 3.7 30.40 +0.37 .5656 ElemntsRogrMrngstr WMW ... 27.79 +0.13 ... GlbXSciBetaEurope SCID 2.5 27.19 +0.55 .6791 iPathBlPrecMetalTR JJP ... 54.86 0.20 ... iShFloatingRateBd FLOT 1.4 50.90 +0.03 .0614
WisdTrBarNegUSBd AGND 2.3 43.64 0.28 .085 DeutscheXEAFEHiDiv HDEF 5.6 24.68 +0.17 .3466 ElemntsRogrAgri RJA ... 6.40 0.07 ... GlbXSciBetaJapan SCIJ 2.6 29.15 +0.11 .7447 iPathBloomSoftsTR JJS ... 31.70 +0.46 ... iShGlobal100 IOO 3.0 85.75 +1.39 1.2702
WisdTrChinaxSOE CXSE 2.6 70.04 +3.98 .45 DeutscheXMSCIEMHdg DBEM .3 22.62 +0.81 .032 ElemntsRogrEngy RJN ... 2.22 +0.11 ... GlbXSciBetaUS SCIU 1.2 29.08 +0.31 .3429 iPathBloomSugarTR SGG ... 30.14 +0.32 ... iShGlobalREITETF REET 4.2 25.37 +0.26 .2634
WisdTrEMConGrwth EMCG 3.0 24.24 +0.97 .18 DeutscheXMSCIEur DBEU 2.7 27.88 +0.41 .3808 ElemntsRogrMtls RJZ ... 7.95 +0.15 ... GlbXSilverMiners SIL 3.2 33.21 +1.48 1.0729 iPathBloomTinTR JJT ... 44.97 0.53 ... iShGoldTr IAU ... 11.81 +0.16 ...
WisdTrEM CpBd EMCB 4.2 71.99 +0.59 .25 DeutschextrMSCIEur DBEZ 3.4 29.83 +0.56 .5108 ElemntsRogrTr RJI ... 4.89 +0.10 ... GlblXSuperDividend SDIV 6.6 21.80 +0.34 .1205 iPathCBOE S&P500BW BWV ... 74.56 +0.06 ... iShiBoxx$InvGrCpBd LQD 3.2 120.57 +0.85 .3202
WisdTrEMQualDivGrw DGRE 2.8 24.90 +1.13 .175 DeutscheXMSCIGerm DBGR 2.5 27.63 +0.52 .3479 ElemntsSpectrmLC EEH ... 17.87 +0.81 ... GlbXSuperDivUS DIV 5.9 25.25 +0.17 .1235 iPathAIGCarbon GRN ... 6.31 +0.31 ... iShiBondsDec2020Cp IBDL 2.2 25.55 +0.10 .0473
WisdTrGermanyHdg DXGE 7.6 30.94 +0.60 .585 DeutscheXMSCIJapan DBJP 4.6 38.97 +0.04 .8871 ElemntsBiofuels FUE ... 7.49 +0.28 ... GlbXSuperIncPfd SPFF 6.9 12.82 +0.06 .0735 iPathEUR USD Ex ERO ... 42.41 +0.24 ... iShiBondsDec2018Cp IBDH 1.6 25.17 +0.01 .0335
WisdTrIntRtHYBd HYZD 4.7 24.12 +0.07 .095 DeutscheXMSCMexico DBMX ... 21.25 +0.32 .0537 ElemntsGrain GRU ... 3.98 0.17 ... GlbX Uranium URA 6.8 13.80 +0.44 .9365 iPathGEMSAsia8ETN AYT 1.9 41.16 +0.51 .0639 iShiBondsDec2019Cp IBDK 1.9 25.00 +0.03 .0399
WisdTrJapanHdgSC DXJS 5.4 39.84 +0.11 .54 DeutscheXMSCSKorea DBKO ... 30.27 +0.77 .0469 EnSelectSectorSPDR XLE 2.7 65.40 +1.39 .4491 GSAccessInvGradeCorpBd GIGB ... 49.90 +0.28 .0899 iPathGEMSIndexETN JEM 5.9 30.11 +0.96 .1482 iShiBondsDec2017Cp IBDJ 1.1 24.84 +0.02 .0226
WisdTrMEDiv GULF 5.5 17.23 +0.61 .235 DeutscheXMSCIUK DBUK 1.4 21.46 +0.09 .1548 ETFS GoldTr SGOL ... 119.13 +1.52 ... GSActiveBetaEM GEM 1.9 32.71 +1.61 .155 iPathGSCI nts GSP ... 12.94 +0.42 ... iShiBondsDec2025Cp IBDQ 3.4 25.02 +0.15 .0711
WisdTrNegHYBd HYND 4.6 20.82 0.17 .08 DeutscheXMuniRev RVNU 2.6 26.57 +0.03 .0566 ETFS PlldmShr PALL ... 82.08 +1.94 ... GSActiveBetaEurope GSEU 5.3 30.28 +0.70 .3987 iPath MSCI India INP ... 81.00 +2.98 ... iShiBondsDec2024Cp IBDP 3.3 25.06 +0.14 .068
WisdTrStratCpBd CRDT 3.2 75.77 1.88 .20 DeutschexRuss1000 DEUS 1.4 29.64 +0.34 .1059 ETFS PltnmShr PPLT ... 88.16 +1.57 ... GSActiveBetaIntlEq GSIE 3.9 28.10 +0.56 .2716 iPathCurrCarry ICI ... 39.48 0.15 ... iShiBondsDec2021Cp IBDM 2.5 25.03 +0.13 .0519
WisdTrUSQltyDiv DGRW 2.7 37.26 +0.44 .085 DeutscheXRuss2000 DESC 1.4 32.08 +0.41 .1139 ETFS SilvTr SIVR ... 15.59 +0.37 ... GSActiveBetaJapan GSJY 3.0 30.09 +0.40 .2256 iPathPBAgriculture DIRT ... 31.94 0.54 ... iShiBdsDec2021Muni IBMJ 1.3 25.82 +0.06 .028
WisdTrUSSCQltyDiv DGRS 3.6 33.39 +0.02 .10 DeutscheXUSDHiYd HYLB 6.0 51.20 +0.49 .2576 EthoClimateLeader ETHO .6 30.94 +0.28 .05 GSActiveBetaUSLC GSLC 1.7 48.74 +0.63 .2094 iPathPBAluminum FOIL ... 25.96 0.57 ... iShiBondsDec2026Cp IBDR 3.3 24.48 +0.17 .0673
WisdTrUK Hdg DXPS 3.1 24.04 +0.13 .185 DiamondHillVal DHVW 3.9 28.97 +0.45 .2835 FIEnhancedEur50ETN FIEU ... 126.02 +5.09 ... GS Active US SC GSSC ... 40.36 +0.26 ... iPathPBBroadCmod BCM ... 26.15 +0.19 ... iShiBondsDec2023Cp IBDO 3.0 25.26 +0.16 .063
WisdTrWstnAsset UBND 2.8 50.81 0.08 .12 DirexAllCapIns KNOW 1.1 40.14 +0.47 .1064 FIEnhEurope50ETN FIEE ... 162.35 +7.78 ... GSHedgeIndVIP GVIP .5 49.04 +0.85 .0668 iPathPBCocoa CHOC ... 28.80 +0.57 ... iShiBondsDec2022Cp IBDN 2.8 25.18 +0.12 .0581
DirexAuspiceBroad COM ... 23.63 0.32 ... FIEnhancedGlbHiYd FIEG ... 154.04 1.57 ... GSTreasury0-1Y GBIL .7 100.01 0.01 .0622 iPathPBCoffee CAFE ... 12.75 +0.43 ... iShiBdsDec2022Muni IBMK 1.5 26.10 +0.14 .0325
NYSE DirexAeroBl3 DFEN ...
DirexBrazilBull3X BRZU ...
29.82
32.54
+1.48
+6.68
...
...
FidelityCoreDiv
FidelityCorpBd
FDVV 3.6
FCOR 2.7
26.96
50.69
+0.23
+0.30
.24
.114
GraniteBloomComm COMB ...
GraniteS&P Comm COMG ...
24.59
24.00
+0.29
0.67
...
...
iPathPBCopper CUPM ...
iPathPBCrudeOil OLEM ...
29.35
14.00
+0.25
+0.58
...
...
iShiBdsMar18CpxFin IBCC
iShiBdsMar20CpxFin IBCD
1.2
1.9
24.65
24.67
0.01
+0.03
.0239
.0387
DirexCSIChinaInt CWEB ... 40.90 +5.00 ... FidelityDivRising FDRR 3.1 28.47 +0.33 .22 GuggBull2017CpBd BSCH 1.1 22.60 +0.01 .0206 iPathPBGrains WEET ... 34.01 0.82 ... iShiBdsMar23CpxFin IBCE 2.7 24.60 +0.16 .0556
GuggCreditAlloc GGM 9.4 23.18 0.23 .1813 DirexCSI300CnA CHAD ... 35.40 0.97 ... FidelityLtdTermBd FLTB 1.7 50.58 +0.19 .073 GuggBRIC EEB 1.2 33.78 +1.81 .4111 iPathPBIndstrMtls HEVY ... 28.13 +1.08 ... iShiBondsMar2020Cp IBDC 2.1 26.31 +0.09 .0466
NuvShrtDurCrOppFd JSD 7.3 17.51 0.16 .106 DirexCSI300CnABl2 CHAU ... 23.77 +1.18 ... FidelityLowVol FDLO 1.8 28.05 +0.31 .127 GuggBull2017HY BSJH 1.9 25.69 +0.01 .0402 iPathPBLivestock LSTK ... 44.89 +0.64 ... iShiBondsMar2018Cp IBDB 1.4 25.59 +0.01 .0301
DirexCyberBull2X HAKK ... 51.25 +2.66 ... FidelityMSCICnDisc FDIS 1.3 35.59 +0.37 .114 GuggBull2018CpBd BSCI 1.4 21.22 0.01 .0255 iPathPBNickel NINI ... 15.81 +0.32 ... iShiBondsMar2023Cp IBDD 2.9 26.75 +0.17 .0645
NYSE ARCA DirexDevMktBear3 DPK ...
DirexDevMktBl3 DZK ...
15.09
69.51
1.04
+4.02
...
...
FidelityMSCICnStpl FSTA 3.0
FidelityMSCIEn FENY 2.7
32.87
18.10
+0.12
+0.42
.25
.124
GuggBull2018HY BSJI 3.4
GuggBull2019CpBd BSCJ 1.7
25.39
21.27
+0.06
+0.04
.0729
.0298
iPathPBPrecsMtls BLNG ...
iPathPBSofts GRWN ...
31.25
21.82
0.85
+0.40
...
...
iShiBdsSep2020Muni IBMI
iShiBdsSep2018Muni IBMG
1.2
.9
25.62
25.44
+0.05
+0.04
.0248
.0185
DirexESTOXX50Bl3x EUXL ... 26.26 +0.68 ... FidelityMSCIFinls FNCL 1.8 36.69 0.20 .163 GuggBull2019HY BSJJ 4.3 24.65 +0.07 .0882 iPathPBSugar SGAR ... 22.08 0.27 ... iShiBdsSep2019Muni IBMH 1.0 25.51 ... .0219
ALPS CohenStrs GRI 3.2 44.01 +0.75 .351 DirexEM Bear3 EDZ ... 12.44 2.24 ... FidelityMSCIHlthCr FHLC 1.4 38.65 +0.35 .137 GuggBull2020CpBd BSCK 1.9 21.50 +0.07 .0346 iPathS&P500DynVIX XVZ ... 23.98 +0.09 ... iShiBdsSep2017Muni IBMF .8 27.19 0.01 .0192
ALPSEmgDivDogs EDOG 5.1 24.33 +0.99 .3119 DirexEM Bull3 EDC ... 97.74 +14.28 ... FidelityMSCIIndls FIDU 1.5 35.33 +0.39 .13 GuggBull2020HY BSJK 4.6 24.84 +0.10 .0961 iPathGSCrudeOil OIL ... 4.88 +0.29 ... iShiBoxx$HYCpBd HYG 5.1 88.53 +0.93 .3774
ALPS EqSecWgh EQL 2.0 64.76 +0.83 .3289 DirexEnergyBr3 ERY ... 13.17 0.88 ... FidelityMSCIIT FTEC 1.1 44.52 +1.53 .122 GuggBull2021CpBd BSCL 2.2 21.31 +0.07 .0392 iPathS&PMLPETN IMLP 6.3 19.62 +0.41 .3114 iShIntRtHdgCorpBd LQDH 2.3 95.71 +0.09 .18
 M24 BARRONS July 17, 2017

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
iShIntRateHdgEM EMBH 3.8 25.86 +0.14 .0816 HancockDevIntl JHMD ... 28.50 +0.60 .4483 PwrShS&P500LoVol SPLV 2.2 44.83 +0.13 .0825 ProShrUSTech REW ... 21.17 1.74 ... SchwabFundUSSmCo FNDA 1.0 34.96 +0.34 .0914 VanEckSolarEner KWT 3.5 40.99 +1.90 1.425
iShIntRtHdgHiYdBd HYGH 5.5 91.44 +0.63 .4174 HancockEnergy JHME 1.7 25.99 +0.75 .2252 PwrShS&PEMLowVol EELV 2.2 24.52 +0.74 .1343 ProShrUltSh3-7YrTr TBZ ... 26.42 0.28 ... SchwabIntmUSTrsr SCHR 1.7 53.94 +0.26 .0781 VanEckSteel SLX 1.0 40.49 +1.88 .402
iShIRHdg10+ CLYH 2.7 25.55 0.24 .0565 HancockMultFinls JHMF 1.0 33.17 +0.28 .163 PwrShS&P500BW PBP 8.4 22.41 +0.13 .4726 ProShUltraSh20+ TBT ... 36.81 0.29 ... SchwabIntEquity SCHF 2.2 32.37 +0.74 .7131 VanEckTreaHYBd THHY 4.7 23.71 ... .0933
iShJPM EM LC Bd LEMB ... 47.50 +1.23 ... HancockHealthcare JHMH 1.1 30.32 +0.33 .174 PwrShS&P500EnhVal SPVU .7 32.20 +0.18 .0538 ProShrUSUtil SDP ... 27.19 0.48 ... SchwabIntlSC SCHC 1.7 34.07 +0.76 .5852 VanEckUnOil&Gas FRAK .4 14.03 +0.61 .063
iShJPX-Nikkei400 JPXN 1.2 58.35 +0.77 .3564 HancockIndustrials JHMI .9 31.78 +0.48 .142 PwrShS&P500xRate XRLV 1.5 30.80 +0.20 .0375 ProShUltShtYen YCS ... 74.19 1.74 ... SchwabSrtTRmUSTrsr SCHO 1.2 50.43 +0.04 .0484 VanEckUranium NLR 3.4 49.84 +0.12 1.719
iShJPMUSDEmgBd EMB 4.6 114.48 +1.58 .4427 HancockLC JHML 1.3 31.98 +0.40 .2099 PwrShS&P500HiBeta SPHB 2.5 38.20 +0.91 .2343 ProShsVIXMTFut VIXM ... 26.42 1.58 ... SchwabUS AggrBd SCHZ 2.5 52.18 +0.21 .1101 VanEckVietnam VNM 2.1 14.87 0.02 .318
iShLatinAmerica40 ILF 1.9 32.52 +2.10 .3096 HancockMatls JHMA 1.1 31.45 +0.65 .1763 PwrShS&P500Mom SPMO ... 30.32 +0.59 .0151 ProShsVIXSTFut VIXY ... 10.00 0.91 ... SchwabUS BrdMkt SCHB 1.8 59.37 +0.81 .265 VangdCnsmrDiscr VCR 1.2 142.38 +1.64 .428
iShMBSETF MBB 2.3 106.82 +0.52 .2091 HancockMC JHMM .8 31.59 +0.38 .1275 PwrShS&P500Qual SPHQ 1.5 28.25 +0.29 .1072 PureFundsDroneEcon IFLY 1.2 32.42 +0.64 .10 SchwabUS Div SCHD 2.9 45.56 +0.46 .3312 VangdCnsmrStpls VDC 3.0 140.29 +0.44 1.037
iShACWILowCarbon CRBN 2.1 109.68 +2.24 1.1585 HancockTech JHMT .7 36.89 +1.17 .1312 PwrShS&PIntDev IDLV 3.8 32.63 +0.63 .312 PureFdsISEBigData BIGD ... 27.50 +0.49 ... SchwabUS LC SCHX 1.8 58.65 +0.82 .2653 VangdExtMkt VXF 1.1 103.39 +1.25 .279
iShMSCIAllPeruCap EPU 3.5 34.75 +1.03 .6053 HancockUtils JHMU 2.6 27.00 +0.25 .3546 PwrShS&PIntlDev IDMO 4.3 25.64 +0.68 .277 PureFundsISECyber HACK ... 30.35 +0.27 .1343 SchwabUS LC Grw SCHG 1.1 64.45 +1.21 .1831 VangdInfoTech VGT 1.1 146.78 +5.08 .406
iShMSCIAustralia EWA 4.2 22.26 +0.78 .4699 JPM DivAlt JPHF ... 26.22 +0.14 .0046 PwrShS&P400LowVol XMLV 1.3 43.50 +0.21 .1467 PureFdsISEJrSilver SILJ ... 11.93 +0.65 .063 SchwabUS LC Val SCHV 2.4 50.70 +0.45 .3084 VangdMatrls VAW 1.8 124.84 +2.59 .547
iShMSCIAustriaCap EWO 2.8 21.92 +0.58 .312 JPM DivRetEM JPEM 1.1 54.79 +2.30 .5931 PwrShS&P600LowVol XSLV 2.3 43.71 0.07 .2545 PureFISEMobilePymt IPAY ... 31.08 +1.05 .0154 SchwabUS MC SCHM 1.4 48.79 +0.61 .1648 VangdSC Grwth VBK .6 147.52 +1.89 .211
iShMSCIBRICETF BKF .8 39.61 +2.25 .1559 JPMDivRetEurCur JPEH ... 27.45 +0.22 1.0838 PwrShSrLoanPtf BKLN 3.3 23.16 +0.03 .0643 PureFundsVideoGame GAMR .3 41.76 +1.43 .03 SchwabUS REIT SCHH 2.4 41.03 +0.44 .2457 VangdSC Val VBR 1.4 124.09 +1.23 .42
iShMSCIBelgiumCap EWK 3.5 20.12 +0.59 .3475 JPMDivReturnEurope JPEU 1.9 58.18 +1.40 1.1156 PwrShTaxMuniBd BAB 4.0 29.93 +0.04 .1002 QuantHdgDivIncm DIVA 3.2 25.40 +0.10 .202 SchwabUS SC SCHA 1.3 64.62 +0.69 .2147 VangdDivApp VIG 2.2 93.49 +0.65 .518
iShMSCIBrazilCap EWZ 1.5 36.82 +2.75 .2767 JPM DivRetGlEq JPGE 1.9 58.24 +1.28 1.1303 PwrShTreaColl CLTL ... 105.63 +0.01 ... QuantUSMktNeuAnt BTAL ... 19.74 0.18 ... Schwab US TIPs SCHP 2.1 54.97 +0.31 .0982 VangdEnergy VDE 2.6 89.27 +2.14 .587
iShMSCICanadaETF EWC 1.6 27.55 +0.79 .2153 JPM DivRetIntl JPIH ... 28.87 +0.30 .4981 PwrShVRDOTxFr PVI .6 24.94 +0.01 .0132 QuantMktNeutMom MOM ... 23.03 +0.59 ... SerenityShImpact ICAN ... 26.02 +0.54 ... VangdExDurTreas EDV 2.9 115.26 +0.66 .85
iShMSCIChileCapped ECH 3.1 44.53 +1.91 .6939 JPM DivRetIntlEq JPIN 1.4 56.76 +1.33 .8169 PwrShVarRtPfd VRP 4.7 26.10 0.15 .1027 QuantUSMktNeutral SIZ ... 20.42 +0.04 ... SitRisingRateETF RISE ... 23.06 0.08 ... VangdAWxUSSC VSS 3.0 110.00 +2.76 .824
iShMSCIChinaSC ECNS 3.0 46.86 +1.34 .6996 JPM DivRetUS Eq JPUS .7 65.71 +0.67 .4585 PwrShWldrClean PBW 2.7 4.40 +0.14 .0296 QuantUSMktNeut CHEP ... 25.75 +0.17 ... SPDR DJRlEst RWX 4.9 38.25 +0.78 .3767 VangdFTSEDevMk VEA 4.6 42.07 +0.99 .482
iShMSCIColombia ICOL 1.4 14.32 +0.38 .1036 JPM Div US MC JPME ... 59.62 +0.64 .4952 PwrShWldrHill PUW 1.8 25.67 +0.47 .1142 REXGoldHdgS&P500 GHS ... 29.70 +0.75 .2562 SPDR DJREIT RWR 3.5 92.58 +0.95 .7993 VangdFTSE EM VWO 2.4 42.52 +1.91 .253
iShMSCI EAFE EFA 3.2 66.32 +1.48 1.0617 JPM Div US SC JPSE ... 27.32 +0.39 .0367 PwrShZacksMicro PZI 2.0 18.40 +0.24 .0907 RealEstSectorSPDR XLRE 3.4 32.20 +0.49 .2718 SPDRGlblRlEst RWO 3.5 47.63 +0.62 .4144 VangdFTSE Europe VGK 4.1 56.37 +1.29 .575
iShMSCIEmgMarkets EEM .9 43.42 +2.29 .1917 KnowldgLdrDevWrld KLDW .6 30.99 +0.69 .1739 PrincipalEDGEActv YLD 4.5 41.82 +0.27 .1575 RealityDIVS DIVY ... 25.75 +0.17 ... SPDR DJIA Tr DIA 2.2 216.26 +2.21 .3941 VangdFTSE Pac VPL 3.0 66.53 +1.56 .492
iShMSCIEmgMktSC EEMS 1.4 47.93 +1.27 .3308 KraneBoseraChinaA KBA ... 31.36 +0.68 .4604 ProShDJBrkGlIn TOLZ 4.0 43.27 +0.85 .4345 ReavesUtilitiesETF UTES 2.2 32.70 +0.10 .18 SPDR EurSTOXX FEZ 6.7 39.46 +0.90 .6568 VangdFinls VFH 1.7 63.06 0.30 .27
iShMSCIFranceETF EWQ 3.4 29.41 +0.70 .4974 KraneEFdChina KCNY ... 33.29 +0.07 ... ProShGermanSov GGOV ... 37.03 0.01 ... RenaissanceIPOETF IPO 1.3 25.53 +0.61 .0852 SPDR MSCI exUS CWI 2.5 36.50 +1.09 .4534 VangdFTSEAWxUS VEU 4.2 51.27 +1.47 .541
iShMSCIFrontier100 FM 1.9 29.27 +0.56 .2745 KraneZacksNewChina KFYP ... 39.56 +1.96 .7066 ProShHdgReplic HDG ... 44.49 +0.41 ... RenaissanceIntlIPO IPOS 2.8 21.50 +0.19 .1525 SPDREmMktSmlCp EWX .7 48.03 +1.46 .1593 VangdGrowth VUG 1.1 129.71 +2.68 .341
iShMSCIGermanyETF EWG 3.8 31.09 +0.77 .5952 MadronaDomestic FWDD .6 48.52 +0.03 .3032 ProShHdgFTSEEurope HGEU 6.6 41.60 +0.61 .6874 RivFrDynCoreIncm RFCI 2.1 24.79 +0.13 .0426 SPDR S&P ConDis IPD 4.4 40.12 +0.60 .437 VangdHlthCr VHT 1.3 149.02 +1.51 .498
iShMSCIGlblAgriPrd VEGI 1.9 27.19 +0.58 .2621 MadronaGlobalBond FWDB 3.1 26.05 +0.07 .0666 ProShHdgFTSEJapan HGJP 2.4 30.38 +0.23 .18 RivFrDynUSDiv RFDA 2.4 28.89 +0.48 .0584 SPDR S&P ConStpl IPS 3.2 46.10 +0.95 .3733 VangdHiDiv VYM 3.0 78.84 +0.72 .596
iShMSCIGloblEnProd FILL 3.2 18.44 +0.52 .299 MadronaIntl FWDI 1.8 27.75 +0.57 .5109 ProShInflationExp RINF 3.1 27.26 +0.05 .2085 RivFrDynUSFlex RFFC 1.2 30.16 +0.60 .0291 SpdrSPIntDiv DWX 6.0 39.65 +0.86 .5919 VangdIndls VIS 1.6 130.56 +1.41 .532
iShMSCIGlblGoldMin RING .4 17.71 +0.83 .0313 MktVctDbLngEur URR ... 17.96 +0.16 ... ProShRAFI L/S RALS 1.5 37.63 0.23 .1406 RivFrDynUnconInc RFUN 4.8 26.40 +0.17 .1059 SPDR S&P IntEngy IPW 5.2 17.73 +0.58 .2293 VangdIntermBd BIV 2.5 84.56 +0.60 .1783
iShMSCIGlbMet&MnPr PICK 2.6 28.99 +1.43 .3803 MkVctrDbShtEur DRR ... 53.86 1.35 ... ProShS&P500xEner SPXE 1.6 51.26 +0.69 .2047 RivFrStratIncm RIGS 4.2 25.38 +0.03 .0891 SPDR S&P IntlFnl IPF 6.1 22.48 +0.39 .3438 VangdLC VV 1.7 112.73 +1.58 .473
iShMSCIGlSilverMin SLVP 1.2 10.80 +0.43 .0632 MVEMInvGrade+BB IGEM 3.4 24.26 +0.15 .0679 ProShS&P500xFin SPXN 1.4 49.90 +0.24 .1708 SPDRBlackstoneSrLn SRLN 3.9 47.38 +0.06 .155 SPDR S&P IntHltCr IRY 2.6 50.15 +0.68 .3291 VangdLT Bond BLV 3.6 92.60 +0.68 .2812
iShMSCIEAFEGrowth EFG 2.4 75.10 +1.87 .8847 MasterIncomeETF HIPS 7.0 18.49 +0.37 .1075 ProShS&P500xHlth SPXV 1.1 50.19 0.46 .1349 SPDRBloomBarcAggBd BNDS 2.7 57.55 +0.20 .1274 VangdMegaCap MGC 1.9 84.15 +1.22 .403
iShMSCIHongKong EWH 3.3 23.88 +0.73 .3999 SPDR S&P IntInd IPN 4.1 34.94 +0.46 .3579
MatlsSelSectorSPDR XLB 1.8 55.25 +1.11 .2524 ProShS&P500xTech SPXT 1.7 48.23 0.27 .2042 SPDRBloomBarCvSecs CWB 3.5 50.65 +1.04 .1458 SPDR S&P IntMtrls IRV 3.4 23.11 +0.91 .194 VangdMegaGrwth MGK 1.4 102.20 +2.17 .347
iShMSCIIndonesia EIDO 2.4 27.34 +0.46 .3294 MeidellTactical MATH ... 30.64 +0.55 ... ProShShtBasicMat SBM ... 19.68 0.56 ... SPDRBloomBarEMLoBd EBND ... 29.28 +0.50 ... VangdMegaVal MGV 2.4 69.98 +0.47 .413
iShMSCIIrelandCap EIRL 1.6 43.90 +0.65 .348 SPDR S&P IntTech IPK 1.3 43.83 +1.57 .1405
MSCushMLPHI MLPY 8.1 7.21 0.23 .1464 ProShShtDow30 DOG ... 17.18 0.20 ... SPDRBloomBarcHYBd JNK 5.4 37.19 +0.36 .1684 SPDRS&PIntTelecom IST 6.4 25.19 +0.52 .4027 VangdMC VO 1.3 144.69 +1.99 .471
iShMSCIIsraelCap EIS 1.2 54.64 +0.93 .3391 MSMrkVecRnmnbi CNY ... 42.03 0.13 ... ProShShortEuro EUFX ... 41.62 0.41 ... SPDRBloomBarInCpBd ITR 2.7 34.45 +0.18 .077 VangdMCGrowth VOT .6 119.44 +1.70 .192
iShMSCIItalyCapped EWI 3.4 28.99 +0.84 .4976 SPDR S&P IntUtil IPU 8.3 17.05 +0.33 .3522
MSMktVectRupee INR ... 41.41 +0.36 ... ProShShXinhuaCh25 YXI ... 21.96 1.29 ... SPDRBloomBarcIntTm ITE 1.4 60.03 +0.18 .0682 SPDR S&PMdCpTr MDY .7 321.19 +3.16 .5241 VangdMC Val VOE 1.8 104.26 +1.25 .463
iShMSCIJapanETF EWJ 1.3 53.63 +0.65 .3483 NashvilleAreaETF NASH 1.3 28.43 0.57 .1392 ProShShtFinls SEF ... 12.84 0.03 ... SPDRBloomBarInCpBd IBND ... 33.48 +0.33 .0031 VangdREIT VNQ 3.9 83.08 +1.08 .801
iShMSCIJapanSC SCJ 1.7 69.77 +1.08 .6087 SPDR S$P Russ RBL 1.3 19.20 +1.02 .124
NatixisSeeyondIntl MVIN ... 44.38 +0.55 .117 ProShShortHY SJB ... 23.40 0.25 ... SPDRBlmBarIntTrBd BWX ... 27.66 +0.35 ... SPDR S&P 500 SPY 1.9 245.56 +3.45 1.1831 VangdS&P500 VOO 1.8 225.47 +3.13 1.01
iShMSCIKLD400Soc DSI 1.2 90.82 +1.52 .2672 NewfleetMultiUnBd NFLT 4.5 25.59 +0.12 .0962 ProShShMSCI EAFE EFZ ... 27.23 0.58 ... SPDRBlmBarInvGrdFR FLRN 1.5 30.70 ... .0387 VangdS&P500 Grw VOOG 1.5 125.49 +2.44 .472
iShMSCIKokusaiETF TOK 3.1 60.72 +1.07 .9315 SPDR S&P Biotch XBI .6 79.07 +0.81 .1101
NuShEnhYd1-5Y NUSA 2.9 25.09 +0.05 .0597 ProShShtMSCI EM EUM ... 19.86 1.12 ... SPDRBlBarIssScCpBd CBND 3.2 32.27 +0.12 .0849 SPDR SP China GXC .6 94.28 +5.22 .2598 VangdS&P500Val VOOV 2.3 101.91 +0.75 .575
iShMSCIMalaysiaETF EWM 2.2 31.82 +0.37 .3509 NuShEnhYdUSBd NUAG 3.1 24.56 +0.10 .0642 ProShShtMC400 MYY ... 12.15 0.15 ... SPDRBloomBarLTCpBd LWC 4.2 41.65 +0.47 .1453 VangdS&PMC400 IVOO 1.4 118.85 +1.17 .411
iShMSCIMexicoCap EWW 2.0 57.05 +2.91 .5835 SPDR S&P Div SDY 2.3 89.35 +0.52 .5127
OShFTSEAsiaPacQlty OASI 1.7 28.24 +0.48 .04 ProShShtOil&Gas DDG ... 26.13 0.62 ... SPDRBloomBarcLTTr TLO 2.5 71.16 +0.31 .1499 SPDR SP EmAsPac GMF .8 95.13 +3.90 .3984 VangdS&P400Grwth IVOG .9 123.23 +1.23 1.158
iShMSCINetherlands EWN 2.4 29.80 +0.81 .3528 OShFTSEAsiaPacQlty OAPH .4 28.99 +0.70 .0101 ProShShortQQQ PSQ ... 39.14 1.26 ... SPDRBloomBarMtgBd MBG 3.2 26.26 +0.14 .0706 VangdS&P400Val IVOV 1.3 114.55 +1.14 1.501
iShMSCIPacificxJp EPP 3.3 45.58 +1.52 .7562 SPDR SP EmEuro GUR 2.5 30.58 +1.40 .3857
OShsFTSEEurQltyDiv OEUR 3.9 25.18 +0.62 .0818 ProShShtRE REK ... 16.39 0.25 ... SPDRBloomBarc1-10Y TIPX 3.3 19.43 +0.09 .0531 SPDR SP EmMkt GMM .9 69.76 +3.39 .3012 VangdS&P600 VIOO .9 128.80 +1.06 1.185
iShMSCIPhilippines EPHE .6 36.51 +0.53 .1159 OShFTSEEurQltyDiv OEUH .4 27.06 +0.22 .01 ProShShtRus2000 RWM ... 45.86 0.36 ... SPDRBloomBar1-3MTB BIL .7 45.73 +0.01 .0252 VangdS&P600Grwth VIOG .9 134.72 +1.07 .315
iShMSCIPolandCap EPOL .6 25.22 +1.04 .0793 SPDR SP EmMEA GAF 1.5 61.86 +3.13 .4771
OShFTSERussIntl ONTL 4.1 26.83 +0.49 .0925 ProShShrtS&P500 SH ... 33.00 0.46 ... SPDRBloomBarSTCpBd SCPB 1.8 30.66 +0.06 .047 SPDR S&P Home XHB .8 38.84 +0.21 .075 VangdS&P600Val VIOV 1.2 121.87 +1.49 .357
iShMSCIRussiaCpd ERUS 1.4 30.41 +1.54 .219 OShRussSC Qu OUSM 2.5 25.55 +0.16 .0522 ProShSh7-10YrTr TBX ... 28.32 0.14 ... SPDRBloomBarSTHYBd SJNK 5.5 27.95 +0.19 .1291 VangdST Bond BSV 1.6 79.87 +0.18 .1073
iShMSCISaudiArabia KSA 2.0 26.54 +0.71 .2598 SPDR IntlSC GWX ... 33.71 +0.76 .1582
OShFTSEUSQuality OUSA 2.6 29.47 +0.24 .0645 ProShShrtSC600 SBB ... 37.64 0.39 ... SPDRBloomBarSTInTr BWZ ... 31.45 +0.25 .0385 SPDR S&P MtlMng XME .7 30.99 +1.45 .0527 VangdSC VB .8 136.98 +1.52 .263
iShMSCISingapore EWS 2.1 24.23 +0.76 .2571 OppESGRevenue ESGL 2.0 28.46 +0.22 .1428 ProShSh20+Tr TBF ... 22.76 0.10 ... SPDRBloomBarcSTTr SST 1.1 30.10 ... .0275 VangdTaxExemptBd VTEB 2.0 51.33 +0.18 .087
iShMSCISouthAfrica EZA 1.6 59.44 +3.99 .4654 SPDRS&POilGasExpl XOP .9 31.91 +1.25 .0745
OppenheimFclsSect RWW 1.1 61.75 0.32 .166 ProShShtVIXST SVXY ... 170.00 +13.64 ... SPDRBloomBarcTIPS IPE 3.5 56.02 +0.31 .1626 SPDR S&P Pharm XPH .8 43.77 +0.73 .085 VangdTelecom VOX 3.3 89.92 0.52 .75
iShMSCISouthKorea EWY 1.8 70.43 +3.48 .6454 OppGlbESGRevenue ESGF 2.0 28.67 0.10 .1439 ProShUSDCovBd COBO 1.6 101.31 0.08 .1316 SPDRBloomBarc0-5Y SIPE 3.9 19.52 +0.09 .0636 VangdTotalBd BND 2.5 81.65 +0.31 .1697
iShMSCISpainCapped EWP 1.9 33.60 +0.59 .3112 SPDR S&P Retail XRT 2.0 39.86 +0.16 .2001
OppenheimerLgCpRev RWL 1.8 46.73 +0.53 .2069 ProShrUlBscMtls UYM .5 60.17 +2.87 .0678 SPDRBofAMLCrsOvCp CJNK 4.1 26.46 +0.21 .0911 SPDR S&P Semi XSD .6 65.47 +2.86 .0978 VangdTotalStk VTI 1.8 126.23 +1.71 .575
iShMSCISwedenETF EWD 4.3 35.31 +1.16 .7563 OppenheimerMdCpRev RWK ... 56.94 +0.65 .1145 ProShUltBlmCrude UCO ... 15.09 +1.46 ... SPDRCitiIntGovBd WIP ... 55.72 +0.86 .6583 VangdTotlWrld VT 2.7 68.78 +1.41 .466
iShMSCISwitzerland EWL 4.2 34.55 +0.49 .7282 SPDR S&P exUS GWL 2.4 29.64 +0.66 .361
OppenheimerSmCpRev RWJ .8 66.09 +0.75 .1252 ProshUltBlmNatGas BOIL ... 9.32 +0.67 ... SPDRDoubleTRTact TOTL 3.0 49.15 +0.21 .1234 SPDR STOXX Eu50 FEU 6.7 34.53 +0.75 .577 VangdUtilities VPU 3.1 114.05 +0.74 .876
iShMSCITaiwanCap EWT 1.9 36.77 +1.34 .7007 OppenheimUltraDiv RDIV 4.2 33.32 +0.32 .3512 ProShrUlConsmrGd UGE .7 44.96 +0.97 .0799 SPDREUROSTOXX50 HFEZ ... 39.87 +0.67 .0725 VangdValue VTV 2.3 97.53 +0.79 .557
iShMSCIThailandCap THD 3.5 79.14 +1.93 1.368 SPDRWelsFrg PSK 5.4 45.13 0.07 .6096
PIMCO25+YrZeroCoup ZROZ 2.8 113.83 +0.45 .80 ProShrUlCnsmr UCC .2 67.71 +0.70 .0276 SPDREUROSTOXXSC SMEZ 2.7 58.67 +1.62 .794 Whiskey&SpiritsETF WSKY .7 28.75 +0.75 .05 VelocityShares3xIn DGAZ ... 25.51 3.79 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

iShMSCITurkeyETF TUR 2.6 43.39 +3.06 1.028 PIMCO ActiveBd BOND 4.1 106.16 +0.72 .23 ProShrUltraDow30 DDM .8 100.53 +2.01 .1991 SPDRFactSetInnTech XITK ... 72.35 +2.60 .8086 VelocityShares3xLg UGAZ ... 12.93 +1.40 ...
iShMSCIUSAESGSelct SUSA 1.3 103.68 +1.60 .3276 SprottGoldMiners SGDM .0 19.43 +0.71 .0037
PIMCOBrdUSTIPSIdx TIPZ 3.5 57.47 +0.36 .17 ProShUlt Euro ULE ... 16.26 +0.16 ... SPDRGlobalDow DGT 3.5 78.24 +1.37 .6858 SprottJrGoldMiners SGDJ 1.7 32.43 +1.18 .5621 Velocity3xInvCrude DWT ... 31.98 5.47 ...
iShMSCIUSAEqWeight EUSA 1.6 51.54 +0.66 .209 PIMCOEnhLowDur LDUR 2.3 101.12 +0.01 .19 ProShUltFTSEEurope UPV ... 52.97 +2.57 ... SPDR Gold GLD ... 116.77 +1.49 ... Velocity3xLgCrude UWT ... 13.42 +1.91 ...
iShMSCIUK EWU 4.4 33.90 +0.71 .7402 SummitWaterETF WTRX ... 29.99 +0.06 .1645
PIMCOEnhShMaturity MINT 1.6 101.70 +0.08 .134 ProShXinhuaChina25 XPP ... 67.62 +7.35 ... SPDRLgDollarGold GLDW ... 116.16 +0.75 ... TechSelectSector XLK 1.6 56.86 +1.85 .2234 VelocityShVIXShrt XIVH ... 57.60 +3.95 ...
iShMSCIEAFEValue EFV 4.5 52.59 +0.92 1.1823 PIMCO15+USTIPSIdx LTPZ 4.4 64.97 +0.50 .24 ProShrUltraFnl UYG .3 105.68 +0.13 .0746 SPDRMFSSysCore SYE 1.3 69.02 +0.20 .219 VelocityShVIXTail BSWN ... 20.59 0.17 ...
iShMSCIWorldETF URTH 2.0 81.67 +1.41 .8327 TeucriumAgricFd TAGS ... 24.80 0.73 ...
PIMCOIntermMuniBd MUNI 2.4 53.55 +0.16 .109 ProShUltraGold UGL ... 36.82 +0.91 ... SPDRMFSSysGrowth SYG .9 72.61 +1.26 .1584 TeucriumCornFund CORN ... 18.97 0.59 ... VelocityShVIXVarLS LSVX ... 30.04 +0.51 ...
iShMorningstarLC JKD 2.0 148.17 +1.77 .7233 PIMCOInvGrdCorpBd CORP 3.1 105.04 +0.55 .273 ProShUltGoldMiners GDXX ... 37.86 +2.21 ... SPDRMSCIACWIIMI ACIM 1.7 72.95 +1.50 .6229 VirtusCumbMuni CUMB 2.4 25.41 +0.04 .1503
iShMornLCGrowth JKE 1.0 142.89 +3.36 .3458 PIMCO1-5USTIPSIdx STPZ 3.2 52.05 +0.10 .14 ProShrUlHlthCr RXL ... 81.36 +1.55 .007 SPDRACWILowCarbon LOWC 2.7 83.83 +1.73 1.1213 TeucriumSoybeanFd SOYB ... 18.95 0.10 ... VirtusEnhShrtUS VESH ... 24.87 0.24 ...
iShMornLCValue JKF 2.5 96.21 +0.42 .5966 PIMCO1-3USTreaIdx TUZ 1.0 50.64 +0.03 .042 ProShUltraHY UJB 2.9 64.05 1.18 .4642 SPDRMSCIAUStrat QAUS 2.4 52.56 +1.77 .6276 TeucriumSugarFund CANE ... 9.90 +0.04 ... VirtusNewDynCredit BLHY 4.0 25.13 0.02 .0841
iShMorningstarMC JKG 1.3 171.36 +2.07 .5703 PIMCOShrtTrmMuniBd SMMU 1.4 50.30 +0.17 .058 ProShrUltraInd UXI .1 60.09 +1.57 .0105 SPDRMSCICAStrat QCAN 1.7 57.50 +1.61 .4785 TeucriumWheatFund WEAT ... 7.73 0.21 ... WBIPwrFactorHiDiv WBIY 3.3 24.29 +0.23 .2005
iShMornMCGrowth JKH .4 185.51 +2.75 .1813 PIMCO0-5YrHiYdCorp HYS 5.1 101.45 +0.90 .43 ProShUltJrMiners GDJJ ... 49.63 +3.21 .0961 SPDRMSCIChinaA XINA 1.3 22.24 +0.26 .0697 TierraXPLatAmRlEst LARE 2.0 30.59 +1.46 .05 WBITacticalHiIncm WBIH 3.2 24.61 +0.18 .0654
iShMorningstarSC JKJ 1.2 161.91 +0.85 .4952 PwrShUsRealEst PSR ... 78.66 +0.85 1.6871 ProShUltBrazil UBR ... 65.54 +9.10 ... SPDREAFEFossilFr EFAX 5.4 69.22 +1.17 .934 TortoiseNAPipeline TPYP 3.7 23.77 +0.49 .217 WBITacticalIncome WBII 4.3 25.41 +0.17 .0907
iShMornSCGrowth JKK .5 164.03 +3.09 .208 PwrShAerospace PPA 1.0 47.41 +0.72 .1131 ProShUltMSCIEAFE EFO ... 117.13 +5.48 ... SPDRMSCIEAFEStrat QEFA 2.9 61.74 +1.27 .8896 2xLevLgETRACSWF LBDC 17.2 18.91 0.61 .8137 WBITacticalLCG WBIE .8 24.99 +0.22 .0519
iShMornSCValue JKL 2.0 142.28 +2.24 .715 PwrShCEF Incm PCEF 6.6 23.80 +0.16 .1308 ProShUltMSCIEM EET ... 78.86 +8.40 ... SPDREMFossilFuelFr EEMX 1.4 64.06 +2.43 .2163 UBSMLPShort MLPS ... 11.82 +0.06 ... WBITacticalLCS WBIL 1.6 25.56 +0.06 .1032
iShNatlMuniBdETF MUB 2.3 110.36 +0.51 .2124 PwrShCAAMTFrMuni PWZ 2.5 25.97 +0.05 .0552 ProShrUltraJapan EZJ ... 104.93 +2.93 ... SPDRMSCIEMStrat QEMM 1.4 60.13 +2.40 .4211 UBSNatGasMLPETN MLPG 5.5 25.28 +0.32 .3471 WBITacticalLCV WBIF 1.2 26.72 +0.31 .0791
iShNewYorkMuniBd NYF 2.5 111.60 +0.41 .2284 PwrShCNYDimSum DSUM 3.6 22.55 +0.12 .068 ProShrUltMexico UMX ... 29.17 +2.94 ... SPDRMSCIDEStrat QDEU 4.2 60.13 +1.12 1.2655 UBS FIEnhGlbHY FIHD ... 153.05 +4.67 ... WBITacticalLCY WBIG 3.4 23.24 +0.11 .0664
iShNorthAmNatRscs IGE 1.8 32.03 +0.88 .146 PwrShCleantch PZD 3.4 39.73 +1.14 .3355 ProShrUMdCp400 MVV ... 106.16 +1.96 .0302 SPDRMSCIJapanStrat QJPN 1.4 71.71 +0.52 .4913 UBS FIEnhLCGrw FBGX ... 185.12 +8.00 ... WBITacticalRotatn WBIR 1.4 24.50 +0.02 .0838
E-TRACS DJ Cmd DJCI ... 14.99 +0.14 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

iShRussell1000Gwth IWF 1.4 121.37 +2.47 .4246 PwrShContrarian CNTR .7 30.28 +0.06 .0516 ProShrUlOilGas DIG 1.6 32.01 +1.49 .1301 SPDRMSCISpainStrat QESP 1.0 50.35 +0.72 .2522 WBITacticalSMG WBIA 1.3 24.39 +0.16 .077
iShRussell1000ETF IWB 1.8 136.59 +1.92 .6298 PwrShDBAgricFd DBA ... 20.07 0.03 ... ProShUltraOil&Gas UOP .1 19.67 +1.08 .0058 SPDRMSCIUSAStrat QUS 2.1 70.63 +0.82 .3686 UBSProSh3xInvCrd WTID ... 35.49 6.07 ... WBITacticalSMS WBID .9 23.53 +0.01 .051
iShRussell1000Val IWD 2.5 116.48 +0.89 .7172 PwrShDBBaseMtls DBB ... 16.39 +0.08 ... ProShrUltraQQQ QLD .0 122.99 +7.43 .0071 SPDRMSCIUKStrat QGBR 4.6 51.20 +0.48 1.1705 UBSProSh3xLgCrude WTIU ... 12.58 +1.80 ... WBITacticalSMV WBIB .9 25.27 +0.04 .0576
iShRussell2000Gwth IWO .9 171.06 +2.22 .3818 PwrShDBComTr DBC ... 14.53 +0.28 ... ProShrUltraRE URE .7 125.68 +3.28 .2286 SPDRMSCIWorldStrat QWLD 2.4 69.06 0.23 .8334 UBSWellsFargoETN BDCS 8.7 22.21 0.50 .4826 WBITacticalSMY WBIC 5.2 22.35 +0.03 .0967
iShRussell2000ETF IWM 1.7 141.73 +1.24 .6091 PwrShDBEnergy DBE ... 11.64 +0.45 ... ProShrUltraRus UWM ... 122.51 +2.07 .0067 SPDRMSTech MTK .8 75.48 +2.54 .1571 E-TRACS AlrInfr MLPI 5.9 26.65 +0.03 .3948 WilshireMicroCap WMCR 1.6 31.85 +0.27 .4994
iShRussell2000Val IWN 2.2 118.84 +0.58 .645 PwrShDBGold DGL ... 39.18 +0.58 ... ProShrUltraS&P SSO .4 92.09 +2.46 .0819 SPDRNuveenMuniBd TFI 2.2 48.70 +0.18 .0893 USCFRestaurant MENU .2 17.55 0.01 .0075 Wlshr US REIT WREI 3.5 46.94 +0.88 .4055
iShRussell3000ETF IWV 1.8 145.45 +1.95 .6413 PwrShDBOilFd DBO ... 8.08 +0.35 ... ProShUltS&PRegBkg KRU .6 77.02 2.58 .1169 SPDRNuveenSTMuniBd SHM 1.1 48.60 +0.11 .0439 USCF StockSplit TOFR 1.0 16.90 +0.01 .0402 WisdTrEM LocDebt ELD 4.5 38.40 +0.86 .145
iShMicro-CapETF IWC 1.1 89.28 +0.47 .2476 PwrShDBPrecMtls DBP ... 36.45 +0.59 ... ProShrUlSemi USD .4 90.37 +7.81 .0828 SPDRHYMuni HYMB 2.8 57.08 +0.22 .1328 USGlbGOGold GOAU ... 11.67 +0.33 ... WisdTreeMngdFutStr WDTI ... 38.95 0.08 ...
iShRussellMid-Cap IWR 1.6 193.61 +2.56 .7743 PwrShDBSilver DBS ... 24.57 +0.68 ... ProShrUl7-10Trs UST .9 58.10 +0.71 .1288 SPDRRussell1000ETF ONEK 1.9 115.27 +1.73 .5392 U.S.GlobalJetsETF JETS .5 32.63 +0.06 .1605 WisdTrAsiaLocDebt ALD 1.7 45.06 +0.45 .065
iShRussellMCValue IWS 2.1 84.37 +1.09 .4378 PwrShDB G10 DBV ... 24.49 +0.20 ... ProShUltSilver AGQ ... 31.05 +1.33 ... SPDRRussell2000ETF TWOK 1.4 83.91 +0.87 .2916 USMktRotationStrat HUSE .5 38.52 +0.39 2.8247 WisdTrAPxJp AXJL 2.7 67.45 +2.63 .455
iShRussellTop200Gr IWY 1.5 65.78 +1.49 .2476 PwrShDB USDBear UDN ... 21.91 +0.19 ... ProShrUlSmC600 SAA ... 84.85 +0.30 .0568 SPDRRussell3000ETF THRK 1.8 183.46 +2.86 .824 ETRACS2xBDC BDCL 17.1 19.03 0.66 .8137 WisdTrAustrDiv AUSE 2.1 57.44 +2.23 .305
iShRussellTop200 IWL 2.0 56.19 +0.77 .2767 PwrShDB USDBull UUP ... 24.62 0.22 ... ProShrUlTech ROM ... 142.24 +10.47 .0242 SPDRRuss1000LowVol ONEV 1.7 70.62 +0.55 .3084 UtilitiesSelSector XLU 3.4 51.92 +0.43 .4368 WisdTrUSAggBd AGGY 2.7 50.58 +0.39 .115
iShRussellTop200Vl IWX 2.4 48.82 +0.20 .2904 PwrShDynBiot PBE 1.9 46.50 +0.20 .2153 ProShUltTelecom LTL .5 48.71 0.66 .0655 SPDRRuss1000Mom ONEO 1.6 69.89 +0.59 .2823 VanEckMerkGoldTr OUNZ ... 12.13 +0.15 ... WisdTrUSDBull USDU ... 26.03 0.39 ...
iShS&P100 OEF 2.0 108.52 +1.48 .5498 PwrShDynBldg&Con PKB .3 29.88 +0.01 .0239 ProShUlt20YrTr UBT 1.2 78.65 +0.98 .2321 SPDRRuss1000Yd ONEY 2.9 69.45 +0.62 .5071 VanEckAfrica AFK 2.3 22.68 +1.23 .528 WisdTrBrazilReal BZF ... 18.44 +0.56 ...
iShS&PMC400Growth IJK .9 199.18 +2.08 .4482 PwrShDynEnerExpln PXE 4.1 19.05 +0.42 .1965 ProShrUltraUtil UPW 1.5 45.17 +0.80 .1691 SPDRMomentumTilt MMTM 1.7 103.35 +1.67 .4271 VanEckAgribus MOO 2.0 56.24 +1.33 1.098 WisdTrCBOES&P500 PUTW ... 29.22 +0.13 .241
iShS&P500Growth IVW 1.4 139.88 +2.79 .4894 PwrShDynFood&Bev PBJ 1.2 31.60 +0.42 .0966 ProShUltVIXST UVXY ... 8.56 1.65 ... SPDRS&P1500ValTilt VLU 2.1 93.25 1.03 .4939 VanEckAMTFrIntMuni ITM 2.1 23.94 +0.07 .0413 WisdTrChineseYuan CYB ... 24.80 +0.21 ...
iShGlobalEnergyETF IXC 3.3 31.45 +0.84 .5252 PwrShDynLCValue PWV 2.1 36.62 +0.19 .1958 ProShUltraYen YCL ... 58.71 +1.48 ... SPDR S&P500MidGr MDYG 1.1 145.14 +1.59 .3887 VanEckAMTFrLgMun MLN 2.9 19.86 +0.09 .0487 WisdTrContComm GCC ... 18.71 +0.15 ...
iShGlobalHealthcr IXJ 1.8 109.91 +1.23 .9877 PwrShDynLeisure PEJ 2.5 41.73 +0.12 .2641 ProShUltDow30 UDOW ... 125.46 +3.53 .0564 SPDR S&P400MidVl MDYV 1.8 97.32 +1.02 .4436 VanEckAMTFrShMuni SMB 1.2 17.49 +0.03 .0175 WisdTrEmgCurr CEW ... 18.85 +0.34 ...
iShGlobalTechETF IXN .9 136.37 +5.19 .6153 PwrShDynMkt PWC 1.1 87.60 +1.33 .2421 ProShUltraProFin FINU .1 75.29 2.03 .0276 SPDRS&P500Growth SPYG 1.5 120.89 +2.44 .4509 VanEckBDCIncome BIZD 8.2 18.07 +0.12 .37 WisdTrEMxSOE XSOE .3 28.24 +1.35 .02
iShGlobalTelecom IXP 3.5 58.65 +0.65 1.0263 PwrShDynMedia PBS .8 28.13 +0.41 .053 ProShUltMC400 UMDD ... 93.06 +4.81 .0115 SPDRS&P500Value SPYV 2.3 114.66 +1.14 .6718 VanEckBrazilSC BRF 3.2 21.22 +1.39 .676 WisdTrEM HiDiv DEM 4.0 42.57 +1.96 .43
iShGloblFinancials IXG 2.6 64.55 +0.63 .828 PwrShDynNetwork PXQ 2.1 44.81 +0.89 .2387 ProShUltRus2000 URTY ... 134.34 +3.31 .0315 SPDRS&P600SmallCap SLY 1.2 124.43 +1.42 .3743 VanEckCEFMuni XMPT 4.7 27.25 +0.41 .1064 WisdTrEM SC DGS 4.7 47.22 +1.69 .56
iShS&P500ValueETF IVE 2.2 105.73 +0.68 .5821 PwrShDynOilSvs PXJ 1.0 9.53 +0.53 .0241 ProShUltS&P500 UPRO ... 108.46 +4.32 .0133 SPDR S&P600SCpGr SLYG 1.1 218.20 +1.73 .5869 VanEckChinaBond CBON 3.2 22.50 +0.20 .0596 WisdTrEuropeHdg HEDJ 7.2 63.65 +1.13 1.15
iShIntlDevProperty WPS 4.2 37.28 +0.82 .3934 PwrShDynPharm PJP 1.0 63.87 +1.18 .1559 ProShUltShtDow30 SDOW ... 30.00 0.93 ... SPDR S&P600SCapVal SLYV 1.3 120.17 +1.13 .4049 VanEckCSI300 PEK .4 43.35 +0.96 .254 WisdTrEuropeHdgSM EUSC 5.1 29.92 +0.48 .385
iShGlobalConsDiscr RXI 1.4 99.81 +1.37 .7165 PwrShDynRetail PMR 1.5 33.99 0.12 .1233 ProShUltraProShFnl FINZ ... 12.24 ... ... SPDR Aero Dfns XAR .6 73.09 +1.24 .1012 VanEckSMEChiNxt CNXT ... 30.83 0.60 ... WisdTrEurQualDiv EUDG 4.0 25.52 +0.59 .255
iShGlobalUtilities JXI 3.8 49.28 +0.68 .9426 PwrShDynSemicon PSI .5 45.03 +2.29 .0508 ProShShtMC400 SMDD ... 13.23 0.44 ... SPDRS&PBank KBE 1.4 43.78 0.43 .1532 VanEckCoal KOL 1.0 13.89 +0.67 .132 WisdTrEuropeSC DFE 6.6 65.61 +1.33 1.08
iShGlobalMaterials MXI 2.4 62.25 +2.20 .7603 PwrShDynSoftware PSJ ... 57.43 +1.53 .0147 ProShShtRus2000 SRTY ... 42.00 1.14 ... SPDRS&PCapitalMkts KCE 1.9 50.27 +0.62 .2414 VanEckEgypt EGPT ... 27.69 +0.19 ... WisdTrGlbXMexico XMX .1 27.23 +0.20 .005
iShGloblIndustrial EXI 1.9 86.03 +1.34 .8228 PwrShEmergInfra PXR 1.5 35.89 +1.22 .1356 ProShUltProShS&P SPXU ... 14.95 0.67 ... SPDRS&PEmgLatAmer GML 2.1 52.14 +3.08 .5428 VanEckEM AggBd EMAG 5.2 21.29 +0.08 .092 WisdTrGlbxUSDiv DXUS 2.2 25.63 +0.46 .14
iShrsSP GSCI Cmdty GSG ... 14.07 +0.35 ... PwrShEM SovDebt PCY 4.9 29.24 +0.30 .1197 ProUltProShrt20YTr TTT ... 27.89 0.32 ... SPDREmMktsDiv EDIV 4.1 31.01 +1.33 .316 VanEckEMHYBond HYEM 6.1 24.56 +0.26 .1256 WisdTrGlbxUSQual DNL 2.5 54.61 +1.87 .335
iShIntlPfdStock IPFF 3.5 18.30 +0.40 .0539 PwrShEuropeCurr FXEU 5.3 23.25 +0.39 .3107 ProShUlt3xCrudeOil OILU ... 19.95 +2.82 ... SPDRS&P500Buyback SPYB 1.2 56.48 +0.43 .1659 VanEckEnvironSvcs EVX .7 80.58 +1.70 .531 WisdTrGlbxUSREFd DRW ... 30.18 +0.96 .866
iShS&PMC400Value IJJ 1.6 149.88 +1.48 .6119 PwrShFTSE US1000 PRF 2.0 104.36 +1.07 .5121 ProShUlt3xShCrude OILD ... 25.01 4.35 ... SPDRS&P500Fossil SPYX 1.8 59.74 +0.87 .2662 VanEckFallAnglHYBd ANGL 5.3 29.63 +0.27 .131 WisdTrGlbHiDiv DEW 4.4 45.70 +0.65 .50
iShS&PSC600Growth IJT .9 157.26 +1.29 .3424 PwrShDynLC Grwth PWB 1.2 36.93 +0.78 .1082 ProShUltShtAUD CROC ... 46.04 2.94 ... SPDRS&P500HiDiv SPYD 3.9 35.39 +0.42 .3428 VanEckGaming BJK 2.7 40.10 +0.43 1.066 WisdTrGlbRealRtn RRF .2 39.80 0.09 .02
iShS&PSC600Value IJS 1.2 140.96 +1.32 .4173 PwrShAPac xJapan PAF 3.4 56.81 +2.31 .4764 ProShrUSBscMtls SMN ... 16.69 0.81 ... SPDRS&PGlbDividend WDIV 5.5 66.70 +0.64 .916 VanEckGlbAltEn GEX 1.8 60.71 +1.82 1.071 WisdTrIndiaEarn EPI .8 25.94 +0.92 .055
iShUSPfdStk PFF 5.5 39.06 +0.05 .1785 PwrShDevMkt xUS PXF 5.7 42.63 +0.95 .6042 ProShUltBloomCrd SCO ... 41.99 4.66 ... SPDRS&PGlbInfr GII 3.3 51.26 +1.24 .856 VanEckGlblSpinoff SPUN 1.4 23.00 +0.41 .324 WisdTrIntDivxFin DOO 6.8 41.58 +1.04 .705
iShGlblConStaples KXI 2.2 102.60 +1.40 1.1431 PwrShFTSERAFIDevMk PDN 3.6 31.65 +0.84 .2825 ProShUltShBlmGas KOLD ... 34.00 3.11 ... SPDRS&PGlbNatRes GNR 2.5 43.05 +1.56 .5406 VanEckGoldMiner GDX .3 21.80 +0.59 .055 WisdTrIntlEquity DWM 6.2 52.79 +1.08 .82
iShNATech-Mult IGN .5 46.62 +0.34 .0633 PwrShFTSE EM PXH 2.0 20.87 +1.08 .1069 ProShrUSCnsmrGd SZK ... 15.19 0.16 ... SPDRS&PHlthCareEqp XHE .0 61.82 +0.28 .0069 VanEckGreenBd GRNB .7 26.31 +0.23 .0156 WisdTrIntlHdgQual IHDG .4 30.04 +0.50 .03
iShNorthAmerTech IGM .7 150.68 +5.08 .2715 PwrShFinlPfd PGF 5.3 19.03 0.08 .0842 ProShrUSCnsmrSvc SCC ... 29.32 0.02 ... SPDRS&PHlthCareSvs XHS .2 64.12 +0.32 .0253 VanEckHiIncmInfra YMLI 4.8 15.00 +0.35 .1785 WisdTrIntlHiDiv DTH 6.7 42.58 +0.90 .715
iShNATech-Software IGV .2 141.51 +4.03 .065 PwrShFundHYCpBd PHB 4.0 18.98 +0.05 .0638 ProShUltShDow30 DXD ... 11.57 0.23 ... SPDRS&PInsurance KIE 1.5 89.27 +0.21 .3352 VanEckHiIncMLP YMLP 8.7 24.13 +0.67 .5275 WisdTrIntlLC Div DOL 6.3 48.15 +1.04 .755
iShShortNatlMuniBd SUB .9 105.88 +0.14 .0792 PwrShInvGrdCpBd PFIG 2.6 25.66 +0.09 .055 ProShUltShEuro EUO ... 22.91 0.26 ... SPDRS&PIntlDivCurr HDWX 5.6 44.10 +0.33 .6221 VanEckHYMuni HYD 4.3 30.98 +0.20 .1121 WisdTrIntlMC Div DIM 5.5 64.84 +1.42 .895
iShShortTreasuryBd SHV .7 110.34 +0.06 .0614 PwrShGlbClEngy PBD 2.0 12.12 +0.31 .0617 ProShrUltShFTSEEur EPV ... 34.98 1.74 ... SPDRS&PInternetETF XWEB ... 69.10 +2.03 1.0654 VanEckIndiaSC SCIF 1.0 58.55 +1.16 .566 WisdTrIntlSC DLS 5.6 70.58 +1.51 .98
iShSilver SLV ... 15.08 +0.35 ... PwrShPrivateEqty PSP 11.0 12.70 +0.27 .3489 ProShXinhuaChina25 FXP ... 22.46 2.87 ... SPDRS&PNAmNatlRscs NANR 1.3 31.44 +1.01 .205 VanEckIndonesia IDX 1.0 24.14 +0.38 .247 WisdTrJpnCapGds DXJC 20.0 24.97 +0.22 1.25
iShTIPSBondETF TIP 3.1 113.05 +0.59 .2919 PwrShGlbShtHYBd PGHY 5.5 24.28 0.02 .1108 ProShrUSFnl SKF ... 25.95 0.02 ... SPDRS&POil&GasEq XES .5 15.86 +1.11 .0216 VanEckIntlHYBd IHY 4.5 25.19 +0.19 .0946 WisdTrJpnHdgQuDiv JHDG 4.4 26.14 +0.07 .29
iSh10+YCreditBond CLY 4.0 61.34 +0.54 .207 PwrShIndia PIN 2.4 24.13 +0.91 .142 ProShUltShGold GLL ... 78.00 2.01 ... SPDRS&P1000ETF SMD 1.4 93.49 +1.05 .33 VanEckInvtGrFR FLTR 1.7 25.24 +0.03 .0356 WisdTrJapanHdg DXJ 6.3 52.38 +0.07 .83
iShTreaFRBd TFLO .9 50.18 ... .0385 PwrShIntlCorpBd PICB 1.5 26.35 +0.30 .0325 ProShUltShGoldMin GDXS ... 16.83 1.05 ... SPDRS&PRegionalBkg KRE 1.4 55.02 0.65 .199 VanEckIsrael ISRA 1.4 31.11 +0.54 .435 WisdTrJpnFinls DXJF 7.0 24.11 0.59 .42
iSh1-3YTreasuryBd SHY 1.0 84.51 +0.11 .0669 PwrShNatAMTFrMuni PZA 3.1 25.44 +0.07 .0663 ProShrUSInd SIJ ... 21.02 0.08 ... SPDRS&PSft&Svs XSW .3 63.79 +1.12 .0436 VanEckJPMEMLCBd EMLC 5.3 19.03 +0.44 .0841 WisdTrJpnHlthCare DXJH 8.6 32.81 +0.09 .705
iSh7-10YTreasuryBd IEF 1.8 106.40 +0.63 .1593 PwrShNYAMTFrMuni PZT 3.0 24.32 ... .061 ProShUltra7-10 PST ... 21.47 0.30 ... SPDRS&PTechHardwr XTH .6 74.85 +3.45 .1128 VanEckJrGold GDXJ 4.7 32.40 +1.11 1.507 WisdTrJpnRealEst DXJR .3 14.09 0.09 .01
iShCohen&StrsREIT ICF 3.1 100.69 +1.25 .7769 PwrShS&PEM Mom EEMO .2 18.90 +1.16 .0105 ProShrUltraBrazil BZQ ... 12.04 2.10 ... SPDRS&PTelecom XTL 1.5 70.97 +0.47 .2631 VanEckMornIntlMoat MOTI 1.1 34.20 +1.13 .37 WisdTrJapanSC DFJ 3.6 70.21 +1.02 .64
iShDowJonesUS IYY 1.6 123.09 +1.69 .4904 PwrShS&PIntlDev IDHQ 3.6 22.66 +0.47 .2016 ProShrUS MSCI EAFE EFU ... 26.30 1.08 ... SPDRS&PTransport XTN .7 57.28 +0.99 .0949 VanEckMornWideMoat MOAT 1.0 39.76 +0.52 .408 WisdTrUSDivxFin DTN 5.5 82.74 +1.01 .38
iShChinaLC FXI 2.0 41.89 +2.41 .1759 PwrShPfdETF PGX 5.7 15.09 0.07 .0711 ProShrUS MSCI Jpn EWV ... 33.70 0.73 ... SPDRGenderDivers SHE 1.8 67.86 +0.79 .3026 VanEckMtgREIT MORT 6.3 24.49 +0.16 .3861 WisdTrUSEarn500 EPS 1.6 84.87 +0.99 .35
iShRussellMCGrowth IWP .9 109.54 +1.62 .2438 PwrShRussMC EW EQWM 1.3 44.00 +0.58 .1426 ProShUltMSCI Mex SMK ... 15.14 2.00 ... SPDR US LC Low Vol LGLV 1.9 87.18 +0.80 .422 VanEckNatRscs HAP 1.9 33.52 +0.92 .643 WisdTrUSExport WEXP 2.2 29.34 0.04 .16
iShUSBrokerDealers IAI 1.5 53.74 0.07 .2082 PwrShRussMCGrw PXMG .5 37.14 +0.73 .0496 ProShUltMC400 MZZ ... 22.11 0.53 ... SPDR US SC LowVol SMLV 2.0 92.34 +0.40 .4655 VanEckOilRefin CRAK 3.0 24.04 +0.58 .713 WisdTrUSHiDiv DHS 4.3 68.50 +0.55 .245
iShUSCreditBdETF CRED 3.1 111.60 +0.59 .2851 PwrShRussMCVal PXMV 2.9 30.24 +0.31 .2212 ProShrUS MSCI EM EEV ... 10.30 1.22 ... SPDRSSgAGlbAll GAL 3.2 36.06 +0.79 .2926 VanEckOilSvcs OIH 1.8 25.42 +1.39 .466 WisdTrUSLCDivFd DLN 3.4 84.81 +0.90 .24
iShUSTreasuryBdETF GOVT 1.6 25.21 +0.09 .0335 PwrShRuss1000EqWt EQAL 1.3 28.76 +0.44 .0903 ProShrUSOilGas DUG ... 47.61 2.21 ... SPDRSSgAIncmAllctn INKM 3.7 32.61 +0.52 .3008 VanEckPoland PLND 1.4 19.08 +0.69 .027 WisdTrUSLCValueFd EZY 1.6 73.51 +0.46 .295
iShYdOptimizedBd BYLD 3.5 25.02 +0.18 .0735 PwrShRussTop200 EQWL 1.8 48.54 +0.63 .2204 ProShsUltShOil&Gas SOP ... 15.99 1.38 ... SPDRSSgAMultiAsset RLY 3.1 24.24 +0.54 .1881 VanEckPreRefundMun PRB 1.1 24.49 0.06 .0221 WisdTrUSMCDivFd DON 3.8 98.42 +0.98 .315
iSh0-5YHYCorpBd SHYG 5.5 47.79 +0.31 .2207 PwrShRussTop200G PXLG 1.0 40.87 +0.87 .1013 ProShUltShtQQQ QID ... 16.32 1.05 ... SPDRSSgAUltraShrt ULST 1.3 40.30 +0.08 .044 VanEckPfdSecsxFin PFXF 6.4 20.13 +0.05 .108 WisdTrUSMCEarn EZM .9 36.24 +0.37 .085
JPM AlerianMLP AMJ 6.5 30.17 +0.44 .4937 PwrShRussTop200Val PXLV 2.0 36.33 +0.28 .1835 ProShrUSRlEst SRS ... 31.43 0.88 ... SchwabEM Equity SCHE 1.9 26.00 +1.22 .4884 VanEckRareEarth REMX 2.0 19.41 +0.74 .38 WisdTrUSSCDiv DES 5.4 80.59 +0.43 .36
JanusHenShrtDur VNLA 1.2 50.25 +0.05 .0491 PwrShRuss2000EW EQWS 1.1 40.11 +0.18 .108 ProShrUlShtRus TWM ... 20.65 0.36 ... SchwabFundEmgLrg FNDE 1.4 27.94 +1.45 .3938 VanEckRetail RTH 1.7 80.14 +0.86 1.394 WisdTrUSSCEarn EES .8 33.06 +0.16 .07
JanusVelTailLC TRSK 1.0 29.63 +0.27 .0762 PwrShRuss2000Grw PXSG .6 30.12 +0.55 .0427 ProShUltShtS&P500 SDS ... 12.30 0.34 ... SchwabFundIntLrgCo FNDF 2.1 28.62 +0.70 .6084 VanEckRussia RSX 1.7 20.21 +1.13 .005 WisdTrUSTotalDivFd DTD 3.5 85.83 +0.91 .25
JanusVelVolLC SPXH 1.1 33.77 +0.29 .0928 PwrShRuss2000Val PXSV 1.4 29.25 +0.31 .1027 ProShrUSSemi SSG ... 14.82 1.60 ... SchwabFundIntlSmCo FNDC 1.7 33.20 +0.74 .5548 VanEckRussiaSC RSXJ 1.9 40.64 +1.69 .034 WisdTrUSTotalEarn EXT 1.6 87.10 +2.02 .35
HancockConsDisc JHMC 1.0 27.80 +0.26 .1367 PwrShS&P500Down PHDG 1.0 25.79 +0.29 .0667 ProShUltShtSilver ZSL ... 36.58 2.02 ... SchwabFundUSBrd FNDB 2.0 34.01 +0.34 .1712 VanEckSemiconduc SMH .7 86.82 +3.61 .576 WorkplaceEquality EQLT 1.3 33.89 +0.42 .4575
HancockConsStpl JHMS 2.0 25.98 +0.13 .254 PwrShS&P500HiDiv SPHD 2.9 40.26 +0.36 .0974 ProShrUlShtSmC600 SDD ... 18.93 0.35 ... SchwabFundUSLrgCo FNDX 1.9 34.18 +0.38 .1659 VanEckShHYMuni SHYD 3.3 24.23 0.03 .067 YieldShHiIncome YYY 7.9 19.72 +0.18 .13
 July 17, 2017 BARRONS M25

Bonds
U.S. Zero Coupons and Other Goverment Wkly Ask Wkly Ask Wkly Ask Wkly Ask Wkly Ask Wkly Ask
Agencys. Source: Bear Stearns Pricing Di- Rate Mo/Yr Bid Asked Chg. Yld. Rate Mo/Yr Bid Asked Chg. Yld. Rate Mo/Yr Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld.
rect Inc. via Street Software Technology, Inc. 1 Nov 18 99:19 99:19 + 2 1.29 11/4 Mar 21 98:14 98:15 + 11 1.68 51/4 Nov 28 128:12 128:14 + 24 2.37 May 21 bp 93:23 93:24 + 14 1.69 Feb 32 ci 67:19 67:22 + 18 2.69 Feb 44 bp 45:12 45:16 + 6 2.98
Treasury Bills, Notes and Bonds, and TIPS. 11/4 Nov 18 99:30 99:30 + 2 1.29 21/4 Mar 21 102:02 102:03 + 11 1.67 51/4 Feb 29 128:25 128:27 + 25 2.38 May 21 ci 93:17 93:18 + 14 1.72 May 32 ci 67:02 67:05 + 18 2.70 May 44 ci 44:11 44:15 + 6 3.04
Source: Telekurs 13/8 Nov 18 100:02 100:03 + 2 1.31 13/8 Apr 21 98:27 98:27 + 11 1.69 61/8 Aug 29 138:29 138:31 + 27 2.39 May 21 np 93:19 93:20 + 12 1.71 Aug 32 ci 66:17 66:20 + 18 2.71 May 44 bp 45:00 45:04 + 6 2.99
US TREASURY BILLS 11/4
11/4
Dec 18
Dec 18
99:29
99:29
99:29
99:29
+
+
2
3
1.31
1.30
21/4
31/8
Apr 21
May 21
102:00
105:10
102:01
105:10
+
+
10
11
1.69
1.68
61/4
53/8
May 30
Feb 31
142:01
133:27
142:03
133:29
+
+
28
25
2.41
2.43
Aug 21
Aug 21
ci
bp
92:30
93:03
92:31
93:04
+
+
12
12
1.80
1.75
Nov 32
Feb 33
ci
ci
66:01
65:16
66:04
65:19
+
+
17
17
2.72
2.73
Aug 44
Aug 44
ci
bp
44:00
44:19
44:04
44:23
+
+
6
7
3.04
2.99
13/8 Dec 18 100:03 100:03 + 3 1.30 81/8 May 21 123:25 123:26 + 11 1.68 41/2 Feb 36 128:04 128:06 + 23 2.58 Aug 21 ci 93:01 93:02 + 12 1.75 May 33 ci 64:31 65:02 + 16 2.73 Nov 44 ci 43:22 43:26 + 7 3.04
Wkly Ask 11/2 Dec 18 100:09 100:09 + 3 1.29 13/8 May 21 98:23 98:23 + 10 1.71 43/4 Feb 37 132:07 132:09 + 25 2.63 Aug 21 np 92:26 92:27 + 13 1.81 Aug 33 ci 64:14 64:18 + 16 2.74 Nov 44 bp 44:07 44:11 + 7 3.00
Maturity Bid Asked Chg. Yld. 11/8 Jan 19 99:23 99:24 + 4 1.29 2 May 21 101:03 101:03 + 10 1.70 5 May 37 136:05 136:07 + 26 2.64 Nov 21 ci 92:12 92:13 + 12 1.83 Nov 33 ci 63:30 64:01 + 16 2.75 Feb 45 ci 43:14 43:18 + 9 3.04
Jul 20 '17 0.86 0.85 -0.02 0.86 11/8 Jan 19 99:22 99:23 + 3 1.32 11/8 Jun 21 97:22 97:23 + 11 1.73 43/8 Feb 38 126:10 126:12 + 23 2.70 Nov 21 bp 92:19 92:20 + 12 1.77 Feb 34 ci 63:13 63:16 + 15 2.76 Feb 45 bp 43:27 43:30 + 9 3.00
Jul 27 '17 0.87 0.86 0.01 0.87 11/4 Jan 19 99:29 99:29 + 3 1.31 21/8 Jun 21 101:17 101:18 + 11 1.72 41/2 May 38 128:12 128:14 + 26 2.71 Nov 21 ci 92:12 92:13 + 13 1.82 May 34 ci 62:28 63:00 + 15 2.77 May 45 ci 43:02 43:06 + 9 3.04
Aug 03 '17 0.92 0.91 0.01 0.92 11/2 Jan 19 100:09 100:09 + 3 1.31 11/8 Jul 21 97:19 97:19 + 11 1.74 31/2 Feb 39 111:30 112:00 + 21 2.76 Nov 21 np 92:13 92:14 + 14 1.80 Aug 34 ci 62:12 62:15 + 15 2.77 May 45 bp 43:16 43:20 + 9 3.00
Aug 10 '17 0.92 0.91 -0.02 0.92 03/4 Feb 19 99:04 99:04 + 3 1.31 21/4 Jul 21 101:31 102:00 + 11 1.74 41/4 May 39 124:05 124:07 + 23 2.77 Nov 21 np 92:11 92:12 + 13 1.82 Nov 34 ci 61:27 61:31 + 14 2.78 Aug 45 ci 42:25 42:29 + 9 3.04
Aug 17 '17 0.92 0.91 -0.01 0.92 27/4
3 Feb 19 102:08 102:08 + 2 1.30 21/8 Aug 21 101:17 101:17 + 12 1.73 41/2 Aug 39 128:13 128:15 + 25 2.77 Feb 22 ci 91:22 91:24 + 13 1.89 Feb 35 ci 61:11 61:14 + 14 2.79 Aug 45 bp 43:03 43:07 + 9 3.01
Aug 24 '17 0.93 0.92 -0.01 0.93 81/8 Feb 19 111:29 111:29 2 1.24 81/8 Aug 21 125:02 125:02 + 9 1.73 43/8 Nov 39 126:08 126:10 + 23 2.78 Feb 22 np 92:02 92:03 + 14 1.81 May 35 ci 60:27 60:30 + 14 2.80 Nov 45 ci 42:17 42:21 + 8 3.03
Aug 31 '17 0.94 0.93 -0.01 0.94 13/8 Feb 19 99:22 99:22 + 3 1.32 11/8 Aug 21 97:16 97:17 + 13 1.75 45/8 Feb 40 130:21 130:23 + 24 2.78 Feb 22 ci 91:23 91:24 + 13 1.87 Aug 35 ci 60:10 60:14 + 14 2.81 Nov 45 bp 42:24 42:28 + 8 3.01
Sep 07 '17 0.94 0.93 -0.01 0.94 11/8 Feb 19 100:03 100:03 + 3 1.31 2 Aug 21 100:31 101:00 + 12 1.75 43/8 May 40 126:14 126:16 + 24 2.80 Feb 22 np 91:26 91:27 + 14 1.85 Nov 35 ci 59:24 59:27 + 14 2.82 Feb 46 ci 42:08 42:11 + 9 3.03
11/8 May 22 ci 91:00 91:01 + 14 1.96 Feb 36 ci 59:13 59:16 + 14 2.81
Sep 14 '17 0.94 0.93 -0.02 0.95 1 /2 Feb 19 100:09 100:09 + 3 1.32 Sep 21 97:13 97:13 + 12 1.76 37/8 Aug 40 117:27 117:29 + 21 2.82
May 22 np 91:15 91:16 + 15 1.85 Feb 36 bp 61:18 61:21 + 14 2.62
Feb 46 bp 42:15 42:19 + 9 3.01
Sep 21 '17 0.94 0.93 -0.03 0.94 1 Mar 19 99:15 99:16 + 4 1.31 21/8 Sep 21 101:14 101:15 + 12 1.76 41/4 Nov 40 124:13 124:15 + 21 2.81 May 46 ci 42:02 42:06 + 7 3.02
1 11/4 May 22 ci 90:30 90:31 + 15 1.95 May 36 ci 58:27 58:30 + 14 2.83
Sep 28 '17 0.96 0.95 -0.04 0.96 11/4 Mar 19 99:27 99:28 + 4 1.33 Oct 21 97:26 97:26 + 12 1.78 43/4 Feb 41 133:11 133:12 + 23 2.80
May 22 np 91:10 91:11 + 15 1.87 Aug 36 ci 58:08 58:12 + 14 2.84
May 46 bp 42:05 42:08 + 7 3.01
Oct 05 '17 0.97 0.96 -0.05 0.98 1 /2 Mar 19 100:09 100:10 + 3 1.32 2 Oct 21 100:28 100:29 + 13 1.78 43/8 May 41 126:29 126:30 + 22 2.82 Aug 46 ci 41:21 41:25 + 8 3.02
5 Aug 22 ci 90:14 90:15 + 15 1.98 Nov 36 ci 57:23 57:26 + 14 2.86
Oct 12 '17 1.02 1.01 -0.02 1.02 17/8 Mar 19 100:16 100:16 + 3 1.32 2 Nov 21 100:30 100:31 + 13 1.77 33/4 Aug 41 115:27 115:28 + 19 2.83
Aug 22 bp 90:24 90:26 + 15 1.91 Feb 37 ci 57:10 57:14 + 13 2.85
Aug 46 bp 41:29 42:01 + 8 3.00
Oct 19 '17 1.03 1.02 .... 1.04 0 /8 Apr 19 99:06 99:07 + 4 1.33 8 Nov 21 125:29 125:29 + 10 1.75 31/8 Nov 41 104:23 104:24 + 20 2.85 Nov 46 ci 41:11 41:15 + 7 3.03
1 13/4 Aug 22 ci 90:09 90:11 + 15 2.00 Feb 37 bp 59:07 59:10 + 14 2.68
.... 1.04 15/4
Apr 19 99:26 99:27 + 4 1.34 Nov 21 99:27 99:28 + 13 1.78 31/8 Feb 42 104:22 104:23 + 18 2.86 Nov 46 bp 41:17 41:21 + 7 3.01
Oct 26 '17 1.04 1.03 Aug 22 np 90:23 90:25 + 15 1.90 May 37 ci 56:22 56:25 + 13 2.87
1 /8 Apr 19 100:15 100:16 + 3 1.35 17/8 Nov 21 100:12 100:12 + 12 1.78 3 May 42 102:13 102:14 + 19 2.86 May 47 ci 40:28 40:31 + 6 3.01
Nov 02 '17 1.04 1.03 0.01 1.05 07/8 May 19 99:04 99:05 + 4 1.34 2 Dec 21 100:27 100:27 + 13 1.80 Nov 22 ci 89:26 89:27 + 16 2.02 May 37 bp 58:19 58:23 + 13 2.70
Nov 09 '17 1.04 1.03 0.01 1.05 31/8 23/4 Aug 42 97:24 97:25 + 18 2.88 May 47 bp 40:31 41:03 + 6 3.00
May 19 103:06 103:07 + 2 1.34 21/8 Dec 21 101:12 101:12 + 13 1.80 Nov 22 bp 90:08 90:09 + 16 1.93 Aug 37 ci 55:31 56:03 + 13 2.90
Nov 16 '17 1.04 1.03 .... 1.05 11/8 23/4 Nov 42 97:19 97:20 + 15 2.88 Nov 22 np 90:07 90:08 + 16 1.93 Nov 37 ci 55:15 55:19 + 12 2.91
Nov 24 '17 1.04 1.03 .... 1.05 11/4
May 19
May 19
99:19
99:26
99:20
99:26
+
+
4
3
1.33
1.34
11/2
17/8
Jan 22
Jan 22
98:20
100:07
98:20
100:08
+
+
14
14
1.82
1.82
31/8
27/8
Feb 43
May 43
104:12
99:24
104:13
99:25
+
+
15
18
2.88
2.89
Nov 22 ci 89:30 90:00 + 16 1.97 Feb 38 ci 54:29 55:01 + 12 2.92 INFLATION-INDEXED
Nov 30 '17 1.04 1.03 0.01 1.05 11/2
Dec 07 '17 1.04 1.03 -0.03 1.04 07/8
May 19 100:09 100:09 + 3 1.34 2 Feb 22 100:27 100:27 + 13 1.80 35/8 Aug 43 113:22 113:23 + 19 2.87
Nov 22
Feb 23
np
ci
90:06
89:04
90:07
89:06
+
+
16
16
1.92
2.06
Feb 38
May 38
bp
ci
56:21
54:11
56:25
54:14
+
+
13
12
2.77
2.94
TREASURY SECURITIES
Jun 19 99:04 99:04 + 4 1.34 13/4 Feb 22 99:21 99:21 + 13 1.82 33/4 Nov 43 116:05 116:06 + 18 2.87
Dec 14 '17 1.04 1.03 -0.02 1.05 1 Jun 19 99:11 99:11 + 4 1.34 17/8 Feb 22 100:08 100:08 + 14 1.82 Feb 23 bp 89:21 89:22 + 16 1.96 May 38 bp 56:03 56:07 + 13 2.79 Accr.
Dec 21 '17 1.05 1.04 -0.01 1.06 11/4 35/8 Feb 44 113:27 113:28 + 19 2.87 May 23 ci 88:18 88:19 + 17 2.09 Aug 38 ci 53:30 54:02 + 12 2.94
Jun 19 99:26 99:27 + 4 1.33 13/4 Mar 22 99:19 99:19 + 13 1.84 33/8 May 44 109:04 109:05 + 18 2.88 Rate Mat. Bid/Asked Chg. *Yld Prin.
Dec 28 '17 1.09 1.08 -0.02 1.10 15/8 Jun 19 100:17 100:18 + 5 1.33 17/8 Mar 22 100:05 100:05 + 13 1.84 May 23 np 88:30 89:00 + 17 2.01 Nov 38 ci 53:14 53:18 + 12 2.95
Jan 04 '18 1.11 1.10 -0.01 1.12 03/4 31/8 Aug 44 104:10 104:11 + 17 2.89 Aug 23 ci 88:00 88:02 + 18 2.10 Feb 39 ci 52:30 53:02 + 12 2.96 1.625 01/18 100-11/13 2 0.785 1167
Jul 19 98:26 98:26 + 4 1.35 13/4 Apr 22 99:17 99:17 + 13 1.85 3 Nov 44 101:28 101:29 + 18 2.90
Jan 11 '18 1.11 1.10 .... 1.12 07/8 Jul 19 99:00 99:01 + 4 1.36 17/8 Apr 22 100:03 100:04 + 14 1.85 Aug 23 bp 88:18 88:20 + 18 2.00 Feb 39 bp 54:11 54:14 + 12 2.84 0.125 04/18 99-18/20 ... 0.640 1058
Feb 01 '18 1.08 1.07 -0.01 1.09 15/8 21/2 Feb 45 92:06 92:07 + 20 2.91 Aug 23 np 88:12 88:14 + 18 2.03 May 39 ci 52:17 52:21 + 11 2.96 1.375 07/18 101-13/15 3 -0.093 1134
Jul 19 100:16 100:16 + 3 1.37 13/4 May 22 99:18 99:19 + 15 1.84 3 May 45 101:25 101:26 + 20 2.90
Mar 01 '18 1.08 1.07 .... 1.09 03/4 Aug 19 98:22 98:23 + 4 1.38 13/4 May 22 99:17 99:17 + 15 1.85 Aug 23 np 88:11 88:13 + 18 2.02 May 39 bp 53:21 53:25 + 11 2.86 2.125 01/19 103-02/04 1 0.039 1139
Mar 29 '18 1.11 1.10 -0.02 1.12 35/8 27/8 Aug 45 99:09 99:10 + 14 2.91 Nov 23 ci 87:12 87:14 + 18 2.13 Aug 39 ci 52:04 52:07 + 11 2.96 0.125 04/19 99-29/31 + 1 0.138 1043
Aug 19 104:18 104:19 + 2 1.38 17/8 May 22 100:03 100:03 + 14 1.85 3 Nov 45 101:22 101:23 + 14 2.91
Apr 26 '18 1.14 1.13 -0.01 1.16 81/8 Aug 19 113:26 113:27 + 1 1.36 13/4 Jun 22 99:16 99:16 + 15 1.85 Nov 23 np 87:25 87:27 + 18 2.06 Aug 39 bp 53:05 53:08 + 12 2.87 1.875 07/19 104-01/03 1 -0.173 1145
May 24 '18 1.16 1.15 -0.02 1.18 21/2 Feb 46 91:28 91:29 + 20 2.92 Nov 23 np 87:24 87:26 + 18 2.05 Nov 39 ci 51:19 51:23 + 11 2.97 1.375 01/20 103-16/18 + 2 -0.046 1131
1 Aug 19 99:07 99:07 + 5 1.37 21/8 Jun 22 101:07 101:07 + 15 1.86 21/2 May 46 91:26 91:27 + 12 2.92
Jun 21 '18 1.18 1.17 -0.01 1.19 15/8 Aug 19 100:16 100:16 + 4 1.38 2 Jul 22 100:18 100:18 + 14 1.88 Feb 24 ci 86:24 86:26 + 19 2.16 Nov 39 bp 52:18 52:22 + 11 2.89 0.125 04/20 100-02/04 + 2 0.085 1044
21/4 Aug 46 86:27 86:28 + 13 2.92 Feb 24 np 87:04 87:06 + 19 2.10 Feb 40 ci 51:06 51:09 + 11 2.98 1.250 07/20 104-00/02 + 2 -0.109 1121
07/8 Sep 19 98:29 98:30 + 5 1.38 15/8 Aug 22 98:25 98:25 + 14 1.87
US NOTES AND
27/8 Nov 46 99:07 99:08 + 14 2.91 May 24 ci 86:06 86:07 + 19 2.18 Feb 40 bp 52:04 52:08 + 11 2.90 1.125 01/21 103-23/25 + 8 0.044 1118
1 Sep 19 99:05 99:05 + 5 1.38 71/4 Aug 22 125:29 125:29 + 14 1.88 3 Feb 47 101:25 101:26 + 19 2.91
13/4 Sep 19 100:25 100:25 + 4 1.39 17/8 Aug 22 99:30 99:31 + 15 1.88 May 24 np 86:18 86:19 + 20 2.12 May 40 bp 51:19 51:23 + 11 2.91 0.125 04/21 99-27/29 + 9 0.148 1032
BONDS 1 Oct 19 99:04 99:04 + 4 1.39 13/4 Sep 22 99:06 99:06 + 14 1.91
3 May 47 101:26 101:27 + 19 2.91 Aug 24
Aug 24
ci
np
85:13
85:29
85:15
85:31
+
+
19
21
2.23
2.14
May 40
Aug 40
ci
ci
50:23
50:08
50:26
50:12
+
+
10
10
2.99
2.99
0.625
0.125
07/21
01/22
102-14/16 + 7
99-25/01 + 13
-0.003
0.118
1085
1080
11/4 Oct 19 99:21 99:22 + 5 1.39 17/8 Oct 22 99:25 99:25 + 15 1.92
Wkly Ask 11/2 Oct 19 100:07 100:07 + 5 1.40 15/8 Nov 22 98:15 98:16 + 16 1.92 US ZERO-COUPONS Nov 24
Nov 24
ci
bp
84:27
85:19
84:29
85:21
+
+
20
20
2.25
2.12
Aug 40
Nov 40
bp
bp
51:03
50:22
51:07
50:26
+
+
10
10
2.92
2.92
0.125
0.125
04/22
07/22
99-16/24 + 14
99-29/05 + 16
0.178
0.095
1005
1063
Rate Mo/Yr Bid Asked Chg Yld. 1 Nov 19 99:01 99:01 + 4 1.42 75/8 Nov 22 128:28 128:29 + 15 1.90
3 Wkly Ask. Nov 24 np 85:09 85:11 + 21 2.17 Nov 40 ci 49:28 49:31 + 10 2.99 0.125 01/23 99-04/12 + 18 0.241 1059
Dec 17 99:31 100:00 + 1 1.00 3 /8 Nov 19 104:15 104:15 + 3 1.41 2 Nov 22 100:11 100:11 + 15 1.93
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

1 Maturity Type Bid Asked Chg. Yld. Feb 25 ci 84:09 84:11 + 19 2.26 Feb 41 ci 49:11 49:14 + 10 3.01 0.375 07/23 100-22/30 + 20 0.215 1051
0 /4 Dec 17 99:26 99:27 + 1 1.11 11
3 Nov 19 99:02 99:03 + 7 1.39 21/8 Dec 22 100:30 100:30 + 16 1.94 Feb 25 bp 85:01 85:03 + 19 2.14
1 /2 Nov 19 100:06 100:07 + 6 1.41 13/4 Jan 23 98:28 98:29 + 17 1.96 Feb 19 ci 97:28 97:29 + 3 1.35 Feb 41 bp 50:11 50:15 + 11 2.92 0.625 01/24 101-15/23 + 21 0.356 1048
1 Dec 17 99:30 99:31 + 1 1.09 3/8 Feb 19 bp 98:04 98:04 + 3 1.20 Feb 25 np 84:20 84:22 + 20 2.20 May 41 ci 48:30 49:02 + 9 3.01 0.125 07/24 98-09/17 + 21 0.337 1030
23/4 Dec 17 100:23 100:24 .... 1.11 1 11/8
Dec 19
Dec 19
99:28
99:09
99:29
99:09
+
+
6
5
1.42
1.42
2
71/8
Feb 23
Feb 23
100:05
127:11
100:06
127:12
+
+
17
15
1.96
1.93 Feb 19 np 97:31 97:31 + 3 1.30 May 25 ci 83:20 83:22 + 20 2.29 May 41 bp 49:29 50:01 + 9 2.93 0.250 01/25 98-12/20 + 27 0.438 1032
07/8 Jan 18 99:28 99:29 + 2 1.08 15/8 Feb 19 ci 97:25 97:26 + 3 1.37 May 25 np 84:00 84:02 + 20 2.23 Aug 41 ci 48:16 48:20 + 8 3.02 2.375 01/25 113-30/06 + 25 0.448 1297
Dec 19 100:15 100:15 + 6 1.43 11/2 Feb 23 97:16 97:16 + 16 1.97 Aug 25 ci 82:31 83:02 + 19 2.31
03/4 Jan 18 99:25 99:26 + 1 1.11 13/8 Jan 20 99:27 99:27 + 6 1.44 11/2 Mar 23 97:13 97:13 + 16 1.98 Feb 19 np 97:29 97:30 + 3 1.30 Aug 41 bp 49:12 49:16 + 9 2.94 0.375 07/25 99-13/21 + 27 0.418 1031
07/8 Jan 18 99:27 99:28 + 1 1.11 11/4 Feb 19 np 98:02 98:02 + 4 1.20 Aug 25 bp 83:25 83:27 + 20 2.19 Nov 41 ci 48:03 48:07 + 10 3.02 0.625 01/26 100-25/01 + 26 0.502 1029
Jan 20 99:16 99:16 + 6 1.45 15/8 Apr 23 98:00 98:01 + 18 1.99 Aug 25 np 83:12 83:14 + 19 2.25
25/8 Jan 18 100:25 100:26 .... 1.11 13/8 Jan 20 99:26 99:27 + 6 1.44 13/4 May 23 98:19 98:20 + 16 2.00 May 19 ci 97:14 97:15 + 5 1.41 Nov 41 bp 48:31 49:03 + 10 2.95 2.000 01/26 112-03/13 + 28 0.507 1232
1 Feb 18 99:29 99:29 .... 1.14 13/8 May 19 np 97:19 97:19 + 4 1.33 Nov 25 ci 82:08 82:10 + 20 2.35 Feb 42 ci 47:24 47:27 + 9 3.02 0.125 07/26 96-18/28 + 28 0.482 1020
Feb 20 99:25 99:25 + 6 1.46 15/8 May 23 97:29 97:30 + 17 2.00 Nov 25 np 82:24 82:26 + 19 2.28 Feb 42 bp 48:18 48:21 + 9 2.95
31/2 Feb 18 101:11 101:11 .... 1.14 35/8 Feb 20 105:16 105:16 + 6 1.44 13/8 Jun 23 96:14 96:15 + 19 2.01 May 19 np 97:20 97:21 + 5 1.30 0.375 01/27 98-08/18 + 29 0.529 1012
03/4 Feb 18 99:24 99:25 + 2 1.12 81/2 May 19 ci 97:10 97:11 + 5 1.44 Feb 26 ci 81:20 81:22 + 20 2.37 May 42 ci 47:11 47:14 + 9 3.03 2.375 01/27 116-19/29 + 32 0.545 1213
Feb 20 117:29 117:30 + 3 1.40 11/4 Jul 23 95:20 95:20 + 18 2.02 Feb 26 bp 82:14 82:17 + 20 2.25 May 42 bp 48:05 48:09 + 9 2.95
23/4 Feb 18 100:31 101:00 .... 1.13 11/4 Feb 20 99:14 99:14 + 6 1.47 21/2 Aug 23 102:24 102:24 + 18 2.01 May 19 np 97:18 97:18 + 4 1.32 1.750 01/28 111-16/26 + 33 0.586 1167
1 Mar 18 99:28 99:29 + 1 1.15 13/8 May 26 ci 81:04 81:06 + 20 2.37 Aug 42 ci 47:00 47:04 + 9 3.02 3.625 04/28 130-20/30 + 32 0.640 1512
Feb 20 99:23 99:24 + 6 1.48 61/4 Aug 23 124:12 124:12 + 16 1.97 May 19 np 97:21 97:22 + 5 1.25 May 26 np 81:20 81:23 + 19 2.30
03/4 Mar 18 99:22 99:23 + 2 1.16 15/8 Aug 19 ci 97:04 97:05 + 4 1.40 Aug 42 bp 47:22 47:26 + 9 2.96 2.500 01/29 120-04/19 + 34 0.640 1139
Mar 20 100:12 100:13 + 6 1.47 13/8 Aug 23 96:06 96:07 + 18 2.03 Aug 26 ci 80:12 80:14 + 19 2.41 Nov 42 ci 46:19 46:23 + 6 3.03
07/8 Mar 18 99:25 99:26 + 2 1.15 11/8 Mar 20 99:02 99:02 + 6 1.47 13/8 Sep 23 96:04 96:04 + 19 2.04 Aug 19 bp 97:08 97:08 + 4 1.34 3.875 04/29 135-17/32 + 33 0.681 1488
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

27/8 Mar 18 101:06 101:06 .... 1.15 13/8 Aug 26 bp 81:10 81:12 + 19 2.28 Nov 42 bp 47:07 47:11 + 7 2.97 3.375 04/32 137-03/18 + 37 0.691 1378
Mar 20 99:23 99:23 + 6 1.48 15/8 Oct 23 97:16 97:16 + 17 2.05 Aug 19 np 97:05 97:06 + 3 1.38 Aug 26 np 81:03 81:06 + 20 2.31
03/4 Apr 18 99:21 99:22 + 1 1.18 11/8 Aug 19 np 97:07 97:07 + 5 1.36 Feb 43 ci 46:07 46:11 + 7 3.03 2.125 02/40 123-14/30 + 32 0.946 1131
Apr 20 99:00 99:01 + 7 1.48 23/4 Nov 23 104:05 104:06 + 19 2.04 Nov 26 ci 79:23 79:26 + 18 2.43 Feb 43 bp 46:26 46:30 + 7 2.98
05/8 Apr 18 99:18 99:18 + 1 1.17 13/8 Apr 20 99:21 99:21 + 6 1.50 21/8 Nov 23 100:13 100:14 + 19 2.05 Aug 19 ci 97:00 97:01 + 4 1.43 2.125 02/41 123-32/15 + 32 0.963 1117
03/4 Apr 18 99:21 99:21 + 2 1.17 11/2 Nov 26 bp 80:20 80:22 + 18 2.31 May 43 ci 45:25 45:29 + 7 3.04 0.750 02/42 94-06/21 + 26 0.995 1082
May 20 99:31 100:00 + 7 1.50 21/4 Dec 23 101:02 101:03 + 19 2.07 Aug 19 np 97:07 97:08 + 4 1.32 Nov 26 np 80:16 80:19 + 19 2.33
25/8 Apr 18 101:03 101:04 + 1 1.20 31/2 Aug 19 np 97:03 97:03 + 7 1.39 May 43 bp 46:13 46:16 + 7 2.98 0.625 02/43 90-31/14 + 26 1.005 1063
May 20 105:16 105:16 + 6 1.50 23/4 Feb 24 104:03 104:03 + 18 2.08 Feb 27 ci 79:00 79:02 + 19 2.47 Aug 43 ci 45:10 45:14 + 6 3.05
1 May 18 99:26 99:27 + 2 1.20 83/4 May 20 120:02 120:02 + 3 1.48 21/8 Feb 24 100:05 100:06 + 18 2.09 Nov 19 ci 96:21 96:21 + 5 1.46 1.375 02/44 107-24/07 + 31 1.021 1049
37/8 May 18 102:05 102:06 .... 1.21 13/8 Feb 27 bp 80:01 80:03 + 19 2.33 Aug 43 bp 46:01 46:05 + 6 2.99 0.750 02/45 92-26/09 + 27 1.031 1038
May 20 99:20 99:20 + 7 1.51 21/8 Mar 24 100:04 100:04 + 18 2.10 Nov 19 np 96:27 96:27 + 6 1.38 May 27 ci 78:12 78:14 + 19 2.49 Nov 43 ci 44:30 45:02 + 6 3.05
91/8 May 18 106:16 106:16 3 1.20 11/2 May 20 99:30 99:31 + 7 1.51 2 Apr 24 99:08 99:09 + 18 2.11 Nov 19 ci 96:22 96:23 + 5 1.42 1.000 02/46 98-28/11 + 31 1.027 1032
07/8 May 18 99:22 99:23 + 2 1.20 11/2 Aug 27 ci 77:26 77:29 + 18 2.49 Nov 43 bp 45:24 45:28 + 6 2.98 0.875 02/47 95-29/12 64 1.018 1013
Jun 20 99:29 99:29 + 5 1.53 21/2 May 24 102:16 102:17 + 20 2.10 Nov 19 np 96:26 96:26 + 5 1.37 Aug 27 bp 78:27 78:30 + 18 2.36 Feb 44 ci 44:19 44:22 + 6 3.05
1 May 18 99:26 99:26 + 1 1.20 15/8 Nov 19 np 96:20 96:21 + 8 1.45 *Yld. to maturity on accrued principal.
Jun 20 100:07 100:08 + 6 1.54 2 May 24 99:08 99:08 + 19 2.12 Nov 27 ci 77:08 77:10 + 18 2.51
23/8 May 18 100:31 101:00 .... 1.22 17/8 Jun 20 101:00 101:01 + 7 1.52 2 Jun 24 99:06 99:06 + 20 2.13 Feb 20 ci 96:09 96:10 + 7 1.46
11/8 Jun 18 99:29 99:29 + 1 1.21 11/2
05/8 Jun 18 99:14 99:14 + 1 1.21 15/8
Jul 20 99:28 99:29 .... 1.53 23/8 Aug 24 101:19 101:19 + 20 2.13 Feb 20 bp 96:15 96:15 + 7 1.39
Nov 27
Feb 28
bp
ci
78:09
76:20
78:11
76:22
+
+
18
19
2.38
2.52 OTHER AGENCY SECURITIES
Jul 20 100:07 100:07 + 7 1.55 21/4 Nov 24 100:20 100:20 + 20 2.16 Feb 20 ci 96:07 96:08 + 6 1.47 May 28 ci 76:00 76:03 + 19 2.54
13/8 Jun 18 100:04 100:05 + 1 1.22 2 Jul 20 101:10 101:11 + 7 1.55 71/2 Nov 24 136:21 136:21 + 21 2.08 Feb 20 bp 96:11 96:11 + 6 1.42 Aug 28 ci 75:19 75:22 + 19 2.53 Rate Mat. Bid Asked Yld. Rate Mat. Bid Asked Yld.
23/8 Jun 18 101:02 101:03 + 1 1.23 25/8 Aug 20 103:06 103:07 + 7 1.55 2 Feb 25 98:21 98:22 + 21 2.19 Feb 20 np 96:07 96:08 + 8 1.47 Aug 28 bp 76:19 76:21 + 19 2.41
07/8 Jul 18 99:20 99:21 + 2 1.22 83/4 Aug 20 121:18 121:19 + 5 1.55 75/8 Feb 25 138:16 138:17 + 20 2.10 May 20 ci 95:25 95:26 + 7 1.51 Fannie Mae Issues 5.50 30Yr 110:22 110:24 ...
Nov 28 ci 74:29 75:00 + 19 2.56 6.00 30Yr 112:17 112:18 ...
03/4 Jul 18 99:15 99:16 + 2 1.24 13/8 Aug 20 99:13 99:14 + 8 1.56 21/8 May 25 99:11 99:12 + 20 2.21 May 20 bp 95:29 95:30 + 7 1.48 Nov 28 bp 76:01 76:04 + 19 2.42 6.25 5-29 135:09 135:13 2.73
13/8 Jul 18 100:03 100:04 + 1 1.26 21/8 Aug 20 101:21 101:22 + 8 1.57 2 Aug 25 98:09 98:09 + 20 2.23 May 20 ci 95:26 95:27 + 7 1.49 Feb 29 ci 74:07 74:10 + 19 2.58 7.12 1-30 145:29 146:02 2.74 6.50 30Yr 110:27 110:28 ...
21/4 Jul 18 101:01 101:01 + 1 1.23 13/8 Sep 20 99:11 99:11 + 8 1.58 67/8 Aug 25 134:28 134:28 + 21 2.15 May 20 np 95:14 95:15 + 9 1.63 Feb 29 bp 75:14 75:17 + 19 2.44 7.25 5-30 148:09 148:13 2.75 7.00 30Yr 112:20 112:21 ...
1 Aug 18 99:23 99:23 + 1 1.26 2 Sep 20 101:09 101:09 + 7 1.58 21/4 Nov 25 99:30 99:31 + 19 2.25 Aug 20 ci 95:07 95:08 + 8 1.59 May 29 ci 73:20 73:22 + 19 2.60 6.62 11-30 142:20 142:24 2.77 7.50 30Yr 115:24 115:25 ...
4 Aug 18 102:29 102:30 .... 1.25 13/8 Oct 20 99:09 99:09 + 8 1.60 15/8 Feb 26 94:31 94:31 + 20 2.27 Aug 20 bp 95:10 95:11 + 8 1.55 Aug 29 ci 73:03 73:06 + 19 2.60 Freddie Mac 8.00 30Yr 114:16 114:17 ...
03/4 Aug 18 99:13 99:14 + 2 1.26 13/4 Oct 20 100:16 100:16 + 8 1.59 6 Feb 26 129:16 129:16 + 22 2.21 Aug 20 ci 95:07 95:08 + 8 1.56 Aug 29 bp 74:14 74:17 + 19 2.45 6.75 9-29 141:05 141:09 2.73 8.50 30Yr 113:16 113:17 ...
11/2 Aug 18 100:08 100:09 + 2 1.25 25/8 Nov 20 103:08 103:09 + 9 1.61 15/8 May 26 94:23 94:24 + 20 2.29 Aug 20 np 95:11 95:12 + 8 1.52 Nov 29 ci 72:21 72:24 + 19 2.60 6.75 3-31 144:15 144:20 2.80 9.00 30Yr 99:04 99:05 ...
1 Sep 18 99:22 99:22 + 2 1.26 15/8 Nov 20 100:00 100:01 + 9 1.62 11/2 Aug 26 93:16 93:16 + 20 2.30 Nov 20 ci 94:21 94:22 + 9 1.65 Feb 30 ci 72:01 72:04 + 19 2.61 6.25 7-32 141:29 142:02 2.80 9.50 30Yr 99:04 99:05 ...
03/4 Sep 18 99:12 99:13 + 3 1.25 2 Nov 20 101:08 101:08 + 8 1.61 63/4 Aug 26 136:31 136:31 + 22 2.23 Nov 20 np 94:24 94:25 + 9 1.62 May 30 ci 71:13 71:16 + 19 2.63 10.00 30Yr 99:04 99:05 ...
13/8 Sep 18 100:03 100:04 + 2 1.27 13/4 Dec 20 100:12 100:13 + 10 1.63 2 Nov 26 97:13 97:14 + 20 2.31 Nov 20 ci 94:17 94:18 + 9 1.66 May 30 bp 72:29 73:00 + 19 2.47 GNMA Mtge. Issues
2.00 30Yr 95:00 95:02 ... 10.50 30Yr 99:04 99:05 ...
07/8 Oct 18 99:16 99:16 + 2 1.27 23/8 Dec 20 102:16 102:17 + 10 1.62 61/2 Nov 26 135:15 135:16 + 23 2.26 Nov 20 np 94:27 94:28 + 9 1.57 Aug 30 ci 70:25 70:28 + 19 2.65 11.00 30Yr 99:04 99:05 ...
03/4 Oct 18 99:10 99:10 + 2 1.28 13/8 Jan 21 99:01 99:02 + 10 1.65 21/4 Feb 27 99:14 99:15 + 22 2.31 Nov 20 np 94:27 94:28 + 10 1.57 Nov 30 ci 70:05 70:07 + 18 2.67 2.50 30Yr 97:20 97:21 ...
11/4 Oct 18 99:30 99:31 + 2 1.28 21/8 Jan 21 101:20 101:20 + 10 1.65 65/8 Feb 27 137:07 137:08 + 23 2.28 Feb 21 ci 94:00 94:01 + 10 1.72 3.00 30Yr 101:03 101:04 ... 11.50 30Yr 99:04 99:05 ...
Feb 31 ci 69:26 69:29 + 18 2.65
13/4 Oct 18 100:20 100:20 + 2 1.25 35/8 Feb 21 106:28 106:28 + 9 1.64 23/8 May 27 100:15 100:16 + 21 2.32 Feb 21 bp 94:06 94:07 + 10 1.67 Feb 31 bp 71:18 71:21 + 19 2.47 3.50 30Yr 103:18 103:19 ... 12.00 30Yr 99:04 99:05 ...
11/4 Nov 18 99:30 99:31 + 3 1.27 77/8 Feb 21 121:16 121:16 + 7 1.66 63/8 Aug 27 136:13 136:13 + 22 2.31 Feb 21 ci 93:29 93:30 + 11 1.74 May 31 ci 69:05 69:08 + 19 2.67 4.00 30Yr 105:02 105:03 ... Tennessee Valley Authority
33/4 Nov 18 103:06 103:07 + 1 1.30 11/8 Feb 21 98:03 98:04 + 11 1.66 61/8 Nov 27 134:24 134:26 + 25 2.32 Feb 21 np 94:03 94:04 + 12 1.68 Aug 31 ci 68:20 68:23 + 19 2.68 4.50 30Yr 106:31 107:00 ... 6.25 12-17 102:02 102:03 1.08
9 Nov 18 110:08 110:08 2 1.19 2 Feb 21 101:06 101:06 + 9 1.66 51/2 Aug 28 130:13 130:15 + 24 2.36 May 21 ci 93:17 93:18 + 14 1.75 Nov 31 ci 68:04 68:07 + 18 2.69 5.00 30Yr 109:07 109:08 ... 6.75 11-25 131:02 131:07 2.55

MUNI ISSUES
Friday, July 14, 2017
Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM
Building Aid Revenue Bonds, Fiscal 2016 4.000 07-15-45 1045/8 3.37 Hospital Facilities Revenue Bonds, Serie 4.125 05-15-45 1026/7 3.70 Metro Transp Auth NY transp rev Ser 2013 5.000 11-15-38 113 2.76 Revenue Bonds, Series 2016A 4.000 08-15-39 1042/5 3.43
Hospital Facilities Revenue Bonds, Serie 4.000 08-01-47 1022/7 3.70 Missouri St Hlth & Ed hospital rev Ser 2 4.000 11-15-42 1015/6 3.62 Second Indenture Revenue Bonds Fiscal 20 4.000 02-15-44 1057/8 3.29
California (State) various purpose gener 5.000 11-01-43 1151/6 2.40
Hospital Facs Rev Ref & Improve Bonds, S 4.000 11-01-44 1023/5 3.59 Nebraska Health Facilities Revenue Bonds 3.000 05-15-46 861/5 3.78 South Carolina Public Service Auth reven 5.500 12-01-53 1106/7 3.59
California St Pub Wks lease revenue Seri 5.000 11-01-38 1131/2 2.67 Hospital Revenue Refunding Bonds, Series 4.000 11-15-46 100 3.99 NJ Trans Trust Fnd Auth 5.000 06-15-44 102 4.62 South Carolina Public Service Auth reven 5.000 12-01-48 108 3.60
Chattanooga Hlth Educ & Hsg Fac Bd TN re 5.250 01-01-45 1051/2 4.13 Illinois (State) GOs Series 2013 5.500 07-01-38 1052/5 4.47 NYC Muni Water Fin Auth Series Fiscal 2 5.000 06-15-46 113 2.64 The City Of New York GO Bonds, Fiscal 20 4.000 03-01-39 105 3.17
Consolidated Bds, One Hundrd Ninety-Thir 4.000 10-15-45 1051/4 3.27 Jefferson Co AL sr lien sewer Series 20 5.500 10-01-53 1141/4 3.50 NYC Transitional Fin tax 5.000 11-01-38 1151/6 2.40 TheNewSchoolRevenueBondsSeries2016 4.000 07-01-43 104 3.50
General Obligation Bonds 4.000 08-01-42 1063/4 3.22 Jefferson Co AL sr lien sewer Series 201 5.250 10-01-48 1132/3 3.35 Port Auth of NY and NJ Consolidated Bond 5.000 12-01-38 1152/3 2.35 Transportation Program Bonds, Series 201 4.250 06-15-44 94 /5
1 4.63
General Revenue Bonds , Series 2017 AV 4.000 05-15-45 1051/7 3.38 KaiserPermanenteRevenueBondsSeries2 4.000 11-01-44 1033/4 3.56 Revenue&RevenueRefundingBonds,Serie 4.000 04-01-45 1027/8 3.57 Turnpike Subordinate Revenue RefundingB 3.750 12-01-41 912/5 4.32
Grand Parkway Transp TX subordinate tier 5.000 04-01-53 1137/8 2.58 KaiserPermanenteRevenueBondsSeries2 4.000 11-01-38 1042/3 3.46 Revenue Bonds, Series 2015A 4.000 10-01-45 1021/2 3.64 Obligations issued by a state or municipality whose interest payments are
Health Facilities Revenue Bonds 4.000 11-15-45 1021/9 3.67 Lehigh Co Auth PA wtr & swr rev bds Ser 5.000 12-01-43 1104/5 3.13 Revenue Bonds, Series 2016A 3.000 10-01-41 90 3.61 exempt from Federal, and possibly from local taxation as well. n-new issue.
Health System Rev Bds Srs 2016A and 2016 4.000 11-01-51 1011/6 3.83 Metro Transp Auth NY transp rev bonds Se 5.000 11-15-43 1125/8 2.82 Revenue Bonds, Series 2016A 3.000 10-01-47 871/2 3.68 Source The Bond Buyer.
 M26 BARRONS July 17, 2017

Scoreboard Quarterly DJIA & DJTA Earnings Tables

Scoreboard: A Good Week QUARTERLY EARNINGS: DOW JONES INDUSTRIAL AVERAGE
(U.S. stock funds rose 1.62% last week, bringing 2017s return to 8.7%. Latin funds surged more than This table lists the latest reported diluted quarterly earnings of the Dow Jones Averages component
5%. U.S. bond funds posted a 0.2% return; theyre up 2.6% this year. stocks based upon generally accepted accounting principles. Earnings include discontinued and
One Week Year-to-Date nonrecurring items but exclude extraordinary items and accounting changes as reported by the company
and adjusted by the Dow Divisor in effect at quarter end.
U.S. STOCK FUNDS 1.62% 8.7% 2017 2016 2016 2016 2016
TOP SECTOR / Latin American Funds 5.18 17.6 Company (Symbol) Mar. Dec. Sep. June Mar.
BOTTOM SECTOR / Commodities Agriculture Funds 1.32 1.3 Am Exp (AXP) ................... 1.34 .88 1.20 2.10 1.45
S&P 500 1.58 9.3 Apple Inc (AAPL) .............. 2.10 3.36 1.67 1.42 1.90
U.S. BOND FUNDS 0.20 2.6 Boeing (BA) ...................... 2.34 2.59 3.60 .37 1.83
Bloomberg Barclays AGG Bond 0.22 1.9 Caterpillar (CAT) ............... .32 2.00 .48 .93 .46
Chevron Corp (CVX).......... 1.41 .22 .68 .78 .39
THE WEEK'S TOP 25 Cisco Systems (CSCO)...... .50 .47 .46 .56 .46
Fund Investment Objective One Week Year-to-Date Coca-Cola (KO)................. .27 .13 .24 .79 .34
Disney, Walt (DIS) ............ 1.50 1.55 1.10 1.59 1.30
Rex VolMAXX SVW Ftrs Str / VMIN Alt Mgd Futures 13.73% 94.8% du Pont (DD)..................... 1.27 .30 0 1.16 1.39
Quantified STF Inv / QSTFX Flexible Portfolio 7.37 40.8 ExxonMob (XOM) ............. .95 .41 .63 .41 .43
Westcore SmCp Gr II Rtl / WTSLX Small-Cap Growth 6.39 22.2 Gen Elec (GE).................... .07 .39 .22 .30 .01
BlackRock Latin Amer A / MDLTX Latin American 6.14 17.5 Goldman Sachs (GS) ........ 5.15 5.08 4.88 3.72 2.68
Fidelity Latin America / FLATX Latin American 6.00 21.4 Home Depot (HD) ............. 1.67 1.45 1.60 1.97 1.44
T Rowe Price Int Lt Am / PRLAX Latin American 5.95 20.6
IBM (IBM)......................... 1.85 4.72 2.98 2.61 2.09
Innovator IBD 50 / FFTY Financial Services 5.83 17.6
Intel (INTC)....................... .61 .73 .69 .27 .42
JPMorgan Latin Am R6 / JLTNX Latin American 5.78 23.0
Deutsche Latin Am Eq S / SLAFX Latin American 5.71 13.5
JohnsonJ (JNJ) ................ 1.61 1.38 1.53 1.43 1.54
Berkshire Focus / BFOCX Multi-Cap Growth 5.50 27.0 JPMorgCh (JPM).............. 1.65 1.71 1.58 1.55 1.35
Frst Tr IV NASD Semicnd / FTXL Science & Tech 5.37 12.7 McDonalds (MCD) ............ 1.47 1.44 1.50 1.25 1.23
Firsthand Tech Opptys / TEFQX Science & Tech 5.28 30.4 Merck (MRK) .................... .56 .42 .78 .43 .40
Rydex Electronics Inv / RYSIX Science & Tech 5.20 17.3 Microsoft (MSFT) ............. .61 .66 .60 .39 .47
Bail Giff Em Mkt 5 / BGEDX Emerging Markets 5.03 33.6 Nike Inc (NKE) .................. .60 .68 .50 .73 .49
Victory Gl Nat Res Y / RSNYX GL Natural Resourc 5.01 6.7 Pfizer (PFE)....................... .51 .13 .21 .33 .49
AllianzGI Tech Inst / DRGTX GL Science/Tech 4.98 29.0 Proc Gamble (PG)............. .93 2.88 .96 .69 .97
Columbia Sel Gl Tch A / SHGTX GL Science/Tech 4.96 24.2 3M Co. (MMM) ................. 2.16 1.88 2.15 2.08 2.05
Oberweis Emerg Gro Inv / OBEGX GL Sm/Mid-Cap 4.96 21.1 Travelers Co (TRV)............ 2.17 3.28 2.45 2.24 2.30
Columbia Sel C&Info A / SLMCX Science & Tech 4.94 23.9 UnitedHealth Grp (UNH).... 2.23 1.96 2.03 1.81 1.67
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Martin Currie Em Mkts IS / MCEMX Emerging Markets 4.89 28.5 Untd Tech (UTX) ............... 1.73 1.25 1.70 1.65 1.42
G&R Resources Inst / GRHIX GL Natural Resourc 4.88 16.2 Verizon (VZ) ..................... .84 1.10 .89 .17 1.06
TIAA-CREF EM Eq Inst / TEMLX Emerging Markets 4.88 28.6 Visa (V)............................. .18 .86 .79 .17 .71
Fidelity Sel Computer / FDCPX Science & Tech 4.87 19.9 Wal-Mart (WMT) .............. 1.00 1.22 .98 1.21 .98
J Hancock Gr Ch Opp A / JCOAX China Region 4.86 27.9 Total Earnings.......... 39.08 32.81 32.92
39.60 41.13
Principal Intl EM R-6 / PIIMX Emerging Markets 4.85 25.3
DJIA Divisor ..................... 0.14602128057775 0.14602128057775 0.14602128057775 0.14602128057775 0.14602128057775
THE WEEK'S BOTTOM 10 DJIA Average .................... 20663.22 19762.60 18308.15 17929.99 17685.09
Fund Investment Objective One Week Year-to-Date DJIA Qtr. Earn ................... 271.19 281.67 267.63 224.69 225.45
DJIA 4-Qtr Earn................. 1045.18 999.44 938.01 918.38 930.65
AMG TimesSquareACG I / MTGIX Multi-Cap Growth 89.90% 88.2% DJIA P/E Ratio .................. 19.8 19.8 19.5 19.5 19.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Rex VolMAXX LVW Ftrs Str / VMAX Alt Mgd Futures 13.26 62.5
Nvgtr Sentry Mgd Vol I / NVXIX Equity Mkt Neutral 6.92 32.8 QUARTERLY EARNINGS: DOW JONES TRANSPORTATION AVERAGE
Elkhorn Comdty Rot Strat / DWAC Commodities General 2.81 1.7
Anchor Tct Eqty Str Inst / ATESX Alt Long/Short Eq 2.19 6.7 This table lists the latest reported diluted quarterly earnings of the Dow Jones Averages component stocks
Comstock Cap Val A / DRCVX Specialty Dvsfd Eq 1.62 11.4 based upon generally accepted accounting principles. The total is then adjusted by the Dow Divisor in effect
Direxion Auspice BC Stra / COM Commodities General 1.52 NA at the end of the quarter.
Federated Prudent Bear I / PBRIX Specialty Dvsfd Eq 1.42 8.4 2017 2016 2016 2016 2016
Columbia AbsRtn C&I Y / CABYX Abs Return 1.40 1.7 Company (Symbol) Mar. Dec. Sep. June Mar.
Catalyst/Prince UH Inc C / HIFCX Multi-Sector Inc 1.23 5.3
Alaska Air Group (ALK) ..... .79 .92 2.07 2.10 1.46
THE LARGEST 25 American Airlines (AAL).... .46 .56 1.40 1.68 1.14
Assets 3-Year* 1-Week YTD
Fund (billions) Investment Objective Return Return Return Avis Car Rental (CAR) ....... 1.25 .35 2.28 .38 .53
C.H. Robinson WW (CHRW) .86 .86 .90 1.00 .83
Fidelity Contrafund / FCNTX $81.9 Large-Cap Growth 11.4% 2.86% 19.3% CSX Corp (CSX) ................ .39 .49 .48 .47 .37
Vanguard Wellington Adm / VWENX 81.2 Mix Tgt All Gro 7.0 0.84 6.8 Delta Air Lines (DAL)......... .82 .84 1.69 2.03 1.21
American Funds Gro A / AGTHX 79.9 Large-Cap Growth 10.5 2.58 14.6 Expeditors Int'l (EXPD) ..... .51 .61 .59 .63 .53
American Funds Inc A / AMECX 75.6 Mix Tgt All Mod 5.5 0.98 6.2 FedEx (FDX)...................... 3.75 2.07 2.59 2.65 .26
American Funds CIB A / CAIBX 71.0 Global Equity Income 4.1 0.90 8.6 Hunt JB (JBHT)................. .92 1.05 .97 .92 .88
Dodge & Cox Stock / DODGX 66.1 Large-Cap Value 8.8 1.28 7.8
JetBlue Air (JBLU) ............ .25 .50 .58 .53 .59
Dodge & Cox Intl Stock / DODFX 61.5 Intl Large-Cap Core 1.8 2.68 17.6
American Funds ICA A / AIVSX 60.5 Large-Cap Core 8.5 1.52 9.3 KC Southern (KSU) ........... 1.38 1.21 1.12 1.11 .99
American Funds Bal A / ABALX 59.3 Mix Tgt All Gro 7.2 1.19 7.5 Kirby Corp (KEX)............... .51 .60 .59 .72 .71
American Funds EuPc R6 / RERGX 56.3 Intl Large-Cap Growth 4.8 2.48 20.2 Landstar Sys (LSTR)......... .77 .94 .86 .76 .69
American Funds CWGI A / CWGIX 54.1 Global Large-Cap Core 5.6 1.99 14.6 Matson Inc (MATX)........... .16 .44 .58 .42 .41
American Funds Wash A / AWSHX 53.9 Large-Cap Core 8.5 1.38 7.9 Norf Sthn (NSC)................ 1.48 1.42 1.55 1.36 1.29
PIMCO Tot Rtn Inst / PTTRX 53.3 Core Plus Bond 2.6 0.24 3.5 Ryder System (R) ............. .71 .91 1.67 1.37 1.04
American Funds FInv A / ANCFX 50.2 Large-Cap Core 10.4 2.03 11.7
Swest Airl (LUV) ............... .57 .84 .62 1.28 .79
Dodge & Cox Income / DODIX 50.0 Core Bond 2.9 0.29 2.9
Met West Total Return I / MWTIX 48.0 Core Plus Bond 2.3 0.13 2.2 United Parcel Ser (UPS) .... 1.32 .27 1.44 1.43 .88
Vanguard PRIMECAP Adm / VPMAX 46.7 Large-Cap Core 12.6 2.15 16.6 Union Pac (UNP)............... 1.32 1.39 1.36 1.17 1.27
Franklin Cust Inc A / FKINX 45.9 Mix Tgt All Mod 2.4 1.29 4.8 United Continental (UAL) .. .31 1.26 3.01 1.78 1.16
DoubleLine Tot Rtn I / DBLTX 44.5 US Mortgage 3.1 0.19 2.6 Total Earnings.......... 16.03 16.29 26.35 23.79 15.45
Vanguard Sh-Tm Inv Adm / VFSUX 40.6 Short Inv Grade 1.9 0.22 1.7
T Rowe Price Gro Stk / PRGFX 39.5 Large-Cap Growth 13.3 2.77 21.9 DJTA Divisor..................... 0.16416809180007 0.16416809180007 0.16416809180007 0.16416809180007 0.16416809180007
American Funds NPer A / ANWPX 39.2 Global Large-Cap Growth 8.6 2.66 19.2 DJTA Average ................... 9116.51 9043.90 8078.79 7485.13 7944.11
Vanguard Wellesley Adm / VWIAX 38.4 Mix Tgt Alloc Con 5.4 0.60 4.8 DJTA Qtr. Earn .................. 97.64 99.23 160.51 144.91 94.11
PIMCO Income Inst / PIMIX 38.4 Multi-Sector Inc 5.7 0.35 5.6 DJTA 4-Qtr. Earn............... 502.29 498.76 553.64 624.07 628.28
Vanguard Health Care Adm / VGHAX 37.7 GL Health/Biotech 10.7 0.96 18.0 DJTA P/E Ratio.................. 18.1 18.1 14.6 12.0 12.6
*Annualized 07/10/2014 to 07/13/2017. Through Thursday. Source: Lipper Fiscal Year: Federal Express FY May. r-revised.
 July 17, 2017 BARRONS M27

Complete FOREIGN EXCHANGE LIST: Page M38 Foreign Markets Key Cross Rates $1=0.8719, 112.53, 0.7632

Europe GLOBAL STOCK MARKETS Asia

Norwegian Win: Bolstered by rising oil prices, In Local Currencies 1
In U.S. Dollars Hong Kong Gains: The city enjoyed five days
Norwegian stocks rose 3.6%. Week's Week's of increases as mainland buyers jumped in.
Index % Chg. 7/14 52-wk Range % Chg. 7/14 52-wk Range
S&P Europe BMI 1.75% The World 1.4 1481.6 1482.8 1265.3 1.8 1948.1 1948.1 1660.1 S&P Pan Asia BMI 1.77%
E.A.F.E.2 1.4 1113.3 1120.7 942.6 2.4 1918.7 1918.7 1614.2
Norway 3.56 Australia 1.2 1164.5 1214.7 1036.8 3.9 812.2 822.5 695.2 China 4.63
Austria 2.2 613.4 614.6 387.3 2.7 1326.6 1326.6 817.5
Greece 3.21 Belgium 1.9 1240.5 1319.9 1139.8 2.5 1760.0 1811.0 1496.7 Hong Kong 2.31
Canada 1.1 1938.4 2035.4 1813.0 2.8 1654.2 1678.1 1487.8
Italy 2.22 Denmark 1.8 8270.4 8422.2 6662.5 2.3 9548.9 9548.9 7099.8 Singapore 1.92
Finland 2.0 720.5 734.2 575.4 2.5 547.1 547.1 411.6
Germany 2.21 France 1.8 1874.4 1938.2 1534.8 2.3 1813.7 1824.3 1428.7 India 1.88
Germany 2.0 1028.2 1049.9 842.4 2.5 2201.8 2204.8 1735.4
Netherlands 2.02 Greece 3.4 73.7 73.7 47.8 3.9 31.3 31.3 19.9 South Korea 1.76
Hong Kong 2.5 15852.8 15909.3 12932.6 2.5 11280.8 11335.0 9260.2
Finland 1.88 Ireland 0.3 225.9 242.9 199.9 0.8 197.2 203.5 170.4 Taiwan 1.62
Italy 2.3 735.3 747.6 562.4 2.8 271.7 271.7 193.7
Belgium 1.86 Japan 1.0 964.5 966.0 764.8 2.3 3087.9 3133.2 2687.6 Australia 1.17
Netherlands 2.0 1617.6 1641.4 1312.6 2.5 3030.5 3030.5 2347.3
France 1.76 New Zealand 0.8 132.2 146.1 124.5 0.1 147.3 165.3 134.4 Japan 1.06
Norway 3.9 2625.2 2635.3 2204.1 6.0 2285.8 2285.8 1902.6
Denmark 1.71 Portugal3 3.6 87.8 92.8 75.6 4.2 65.8 67.8 53.1 Thailand 0.62
Singapore 2.1 1701.0 1701.0 1424.1 2.9 3816.6 3816.6 3110.6
Sweden 1.69 Spain 1.5 1018.9 1058.5 759.8 2.0 490.7 493.2 357.1 New Zealand 0.30
Sweden 1.9 13011.1 13071.1 10469.5 3.2 8079.5 8079.5 6246.9
Switzerland 1.66 Switzerland 1.7 1200.3 1213.7 1010.9 1.6 5340.0 5387.1 4343.8 Indonesia 0.07
U.K. 0.4 2144.0 2194.7 1933.9 2.0 1169.0 1183.4 1010.5
Spain 1.52 U.S.A. 1.4 2342.0 2342.0 1986.3 1.4 2342.0 2342.0 1986.3 -0.06 Philippines
Base Jan. 1, 1970=1001Adjusted for foreign exchange fluctuations relative to the U.S. $.
2Europe, Australasia, Far East Index.3Base: Jan. 1, 1988=100.
U.K. 0.32 -0.36 Malaysia
Source: Morgan Stanley Capital International Perspective, Geneva.
Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

KEY FOREIGN STOCK MARKET INDEXES S&P Global Broad Market Indices
S&P Global S&P Global SP Global Point
Most Recent Weeks Year-to-Date Most Recent Weeks Year-to-Date Indexes, Indexes, Indexes, Chg. % Chg.
Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg. Region/ Local Curr. Wkly U.S. $ Wkly U.S. $ on From From
Country 07/14/17 % Chg. 07/14/17 % Chg. 12/31/16 12/31/16 12/31/16
Amsterdam AEX 521.07 +2.19 +37.90 +7.84 Manila Composite 7885.90 0.04 +1045.26+15.28
Americas 275.56 1.58 251.96 23.60 9.37
Brazil 689.32 4.85 240.99 8.17 217.90 23.09 10.60
Athens General 856.47 +2.27 +212.83+33.07 Mexico City IPC 51162 +2.20 +5519.33+12.09
Canada 466.51 1.02 467.97 2.78 446.00 21.96 4.92
Milan FTSE All Share 23704 +2.24 +2767.88+13.22 Chile 385.54 2.98 256.76 4.31 214.33 42.43 19.79
Bangkok SET 1577.79 +0.53 +34.85 +2.26 Mexico 847.60 2.07 388.76 5.35 299.01 89.75 30.02
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Moscow RTS 1043.98 +4.90 108.35 9.40 U.S. 25477.16 1.37 25477.16 1.37 23276.73 2200.44 9.45
Bombay Sensex 32020 +2.10 +5394.29+20.26 Latin America 272.75 6.53 234.30 38.45 16.41
Oslo Composite 787.94 +3.32 +23.28 +3.04 Europe 385.96 2.25 331.52 54.43 16.42
Brussels Bel-20 3902.78 +1.75 +296.42 +8.22 Austria 319.66 2.18 303.74 2.69 224.02 79.71 35.58
Paris CAC 5235.31 +1.75 +373.00 +7.67 Belgium 418.03 1.86 397.20 2.36 352.36 44.84 12.73
Buenos Aires Merval 21880 0.67 +4962.30+29.33 Denmark 1617.48 1.71 1562.08 2.22 1260.70 301.37 23.91
Santiago Selective 3799.13 +3.00 +575.96+17.87 Finland 1492.80 1.88 1418.42 2.39 1167.46 250.96 21.50
Caracas General 129132 +4.60 +97427+307.29 France 391.86 1.76 372.34 2.26 313.92 58.42 18.61
Sao Paulo Bovespa 65436 +5.00 +5208.89 +8.65 Germany 489.81 2.21 465.40 2.72 394.91 70.49 17.85
Colombo All Share 6766.14 +0.43 +537.88 +8.64 Greece 24.05 3.21 25.02 3.72 18.39 6.62 36.00
Seoul Composite 2414.63 +1.46 +388.17+19.16 Ireland 641.15 0.51 609.20 1.01 526.92 82.28 15.62
Copenhagen OMX 20 1007.08 +1.82 +123.12+13.93 Italy 217.51 2.22 206.68 2.73 170.13 36.55 21.49
Shanghai Composite 3222.42 +0.14 +118.78 +3.83 Netherlands 552.92 2.02 525.37 2.53 428.99 96.38 22.47
Dublin ISEQ 6893.47 +0.27 +376.23 +5.77 Norway 535.53 3.56 456.09 5.51 427.30 28.79 6.74
Shenzhen B Share Idx 1166.65 +0.87 +38.95 +3.45 Portugal 63.15 3.28 65.68 3.80 56.04 9.64 17.21
EURO STOXX SXXE 382.47 +1.92 +32.21 +9.20 Russia 1570.35 3.41 202.15 5.21 216.94 14.79 6.82
Singapore FTSE STI 3287.43 +1.81 +406.67+14.12
Spain 478.43 1.52 454.59 2.02 368.43 86.16 23.39
EURO STOXX 50 SXSE 3525.94 +1.79 +235.42 +7.15 Sweden 1129.40 1.69 960.18 2.97 798.14 162.03 20.30
Stockholm OMXS 588.07 +1.57 +53.51+10.01
Switzerland 528.41 1.66 798.89 1.58 682.66 116.23 17.03
Frankfurt DAX 12631 +1.96 +1150.66+10.02 United Kingdom 295.25 0.32 255.84 1.91 232.55 23.29 10.01
STOXX Europe 50 SXSP 3168.28 +1.67 +157.73 +5.24
South Africa 891.41 4.09 332.74 7.30 301.20 31.54 10.47
Helsinki OMHX 9898.09 +2.10 +996.56+11.20 Pacific Region 221.57 2.82 190.86 30.70 16.09
STOXX Europe 600 SXXP 386.84 +1.75 +25.42 +7.03
Australia 405.20 1.17 459.40 3.90 418.55 40.86 9.76
Hong Kong Hang Seng 26389 +4.14 +4388.67+19.95
China 444.05 4.63 534.94 4.67 426.76 108.18 25.35
Sydney S&P/ASX 200 5765.10 +1.08 +99.30 +1.75
Hong Kong 474.12 2.31 470.95 2.36 401.18 69.77 17.39
Istanbul IMKB 105175 +5.09 +27037+34.60
India 974.33 1.88 593.29 2.10 459.79 133.49 29.03
Taipel Weighted 10443 +1.42 +1190.41+12.86
Japan 126.33 1.06 140.05 2.28 127.03 13.02 10.25
Jakarta Composite 5831.80 +0.29 +535.08+10.10
Tel Aviv 125 Index 1310.85 +1.71 +28.48 +2.22 Malaysia 269.78 0.36 164.56 0.22 144.84 19.72 13.62
New Zealand 264.89 0.30 378.43 1.19 328.83 49.60 15.08
Johannesburg All Share 53597 +3.27 +2944.42 +5.81 Tokyo Nikkei-225 20118 +0.95 +1004.49 +5.26 Philippines 410.85 0.06 323.78 0.16 286.87 36.91 12.87
Singapore 178.12 1.92 212.64 2.64 177.74 34.89 19.63
Kuala Lumpur Composite 1755.00 0.28 +113.27 +6.90 Toronto S&P/TSX 15174 +0.98 112.78 0.74 South Korea 876.16 1.76 1310.38 3.64 1018.14 292.24 28.70
Taiwan 103.71 1.62 111.43 2.31 92.01 19.42 21.11
LISBON PSI 2894.35 +2.71 +374.20+14.85 Vienna ATX 3182.10 +1.84 +563.67+21.53 Thailand 348.25 0.62 495.75 1.31 458.60 37.15 8.10
Euro Zone 144.19 2.46 120.67 23.52 19.49
London FTSE - 100 7378.39 +0.37 +235.56 +3.30 Wellington S&P/NZX 50 7649.77 +0.36 +768.55+11.17 Europe Developed (ex U.K.) 490.20 2.38 412.03 78.17 18.97
Europe (Nordic) 967.37 2.96 808.12 159.24 19.71
Madrid IBEX 35 10655 +1.59 +1303.00+13.93 Zurich Swiss 9034.57 +1.70 +814.70 +9.91
Pacific (ex. Japan) 304.41 3.19 252.84 51.58 20.40
World (ex US) 200.82 2.78 174.36 26.46 15.17
Indexes are based on local currencies. Because of various holidays and other market closings, the most recent close is not necessarily S&P Global Broad Market Indices 236.28 2.06 210.58 25.70 12.21
that of the week of publication. GLOBAL DOW 2829.44 2.09 2531.51 297.93 11.77
Indexes based on 12/31/91=1000. s2017 S&P Dow Jones Indices. All Rights Reserved.
 M28 BARRONS July 17, 2017

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. CASH TRACK NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
NTLgVal 11.96 0.11 5.2 20.6 BalancedA t 40.18 0.39 8.4 21.0 CapGrth n 78.15 1.65 16.3 40.2
A American Century Inv:
New Pattern: Only taxable-bond funds had net inflows based on the latest four-week
BldrAggrsv 12.95 0.21 12.5 21.3 CoreEq n 26.59 0.49 10.8 35.4
AllCpGr n 33.20 0.55 15.8 34.0 BldrMod p 11.44 0.13 8.5 16.3 CROCIIntrFdS n 47.49 0.79 15.9 8.8
AB Funds: Balanced n 18.68 0.20 7.4 15.6 ContCoreA p 25.18 0.33 12.6 31.5 EqDivA 53.33 0.43 9.7 23.8
AllMktRlRtnPtZ 8.36 0.19 1.0 -23.0 CaHYMu n 10.55 0.05 5.4 16.8 moving averages, according to Lipper. They took in $3 billion. Money funds had net out- DisplCoreA p 11.29 0.10 10.5 28.6 GblIncBldA 9.75 0.14 8.7 8.2
IntDurInstl 15.06 0.06 2.7 9.8
MuniIncmShares 11.41 0.05 5.4 20.8
CAIntTF n 11.89 0.04 3.3 8.2 flows of $3.7 billion, stock funds lost $2 billion, and muni funds saw $2 million leave. DivIncA t 20.70 0.15 9.3 30.8 GNMA S n 13.80 0.01 1.2 4.4
DivBnd n 10.79 0.05 2.5 7.2 DivOpptyA 9.88 0.09 5.7 18.2 HiIncA 4.78 0.04 4.8 10.6
AB Funds - A: EmgMkt nr 10.84 0.54 28.2 15.9 Equity Funds Municipal Bond Funds DivrEqInc A 14.26 0.13 7.5 24.1 HiYldTx n 12.23 0.04 3.8 13.9
BalWlthStrA p 14.49 0.17 7.3 10.4 EqGro n 32.39 0.48 11.0 22.6 13700 760 EqValA 13.24 0.20 12.2 11.9 IntTaxAMT n 11.88 0.04 3.1 8.2
GlobalBondA p 8.42 0.02 2.0 10.7 EqInc n 9.30 0.07 6.5 32.7 FocEqA w/ t 17.33 0.40 20.1 31.4 MgdMuniA p 9.14 0.04 3.5 10.7
GrowthA p 71.86 1.15 19.9 43.3 GinnieMae n 10.49 0.02 0.7 4.5 GlobTech 39.20 1.54 25.1 74.0 MgdMuniS n 9.15 0.03 3.6 11.4
HighIncomeA p 8.91 0.05 5.9 14.3 GovtBd n 10.99 0.04 1.6 5.0 9400 560 HiYldBd 2.98 0.01 4.6 13.2 S&P500S n 29.20 0.40 10.8 31.1
LgCpGrA p 44.89 0.72 18.6 45.5 Grwth n 32.80 0.61 18.0 33.9 IncmBldr t 11.88 0.07 4.3 11.2 TechA 20.38 0.70 23.6 46.7
NtlMuA p 10.26 0.03 3.7 11.2 Heritage n 22.77 0.31 12.8 24.0 LgCpGrowA t 39.77 0.91 20.2 40.7 Diamond Hill Funds:
RelatValA p 5.93 0.05 7.0 25.2 IncGro n 38.43 0.50 8.7 21.3 5100 360 LgCpIdx pn 46.81 0.65 10.8 30.8 LgCapA p 25.56 0.22 10.8 30.1
SmMdCpGrA p 10.20 0.09 16.4 24.8 InfAdjBd n 11.50 0.06 0.9 0.6 LiGoBalA p 12.66 0.18 10.5 19.1 LgCapI 25.75 0.22 11.0 31.2
SustGlblThemGrA p 106.84 2.80 24.8 28.1 InfProBd n 10.20 0.03 0.3 0.1 800 160 MdCpIndxA pn 16.30 0.16 6.8 28.8 LgCapY 25.78 0.23 11.1 31.7
AB Funds - ADV: Intl Gr n 12.77 0.35 19.7 6.2 MdCpVlOpp p 10.29 0.14 4.6 16.2 LongShortI 26.59 0.14 4.6 15.4
GlbBd 8.42 0.02 2.2 11.7 IntTF n 11.34 0.03 3.4 8.0 MidCapGthA t 26.84 0.37 13.3 26.6 SmCapI 35.85 0.32 2.8 10.6
HiIncmAdv 8.92 0.05 6.0 15.1 LgComVal n 10.15 0.10 5.2 21.4 -3500 -40 MidCpValA 15.02 0.15 6.4 16.6 SmMidCapI 22.36 0.19 4.5 25.7
IntlStraEquPtADV 12.25 0.32 21.0 NS MdCapVal n 18.03 0.24 5.1 35.0 May Jun Jul May Jun Jul SelgComuInfoA 73.22 2.89 24.9 70.1 Dimensional Fds:
IntmedDivMuni 14.40 0.02 2.7 NS OneChAgg n 16.30 0.28 11.1 19.0 SmCpIdxA pn 24.03 0.23 3.5 32.3 2TGlFxd 9.96 0.01 0.8 2.2
LgCpGrAdv 48.55 0.78 18.7 46.6 OneChCon n 13.55 0.15 6.5 12.3 StrAlloc 12.82 0.22 10.4 11.2 5GlbFxdInc 10.98 0.04 1.8 6.2
SelectUSLgShrt 12.56 0.09 5.2 10.7 OneChMod n 15.34 0.22 9.0 15.7
Money Market Funds Taxable Bond Funds StratIncA 6.09 0.03 4.4 10.8 CASTMuniBd 10.32 0.01 1.3 2.7
SmCapCorePortADV 11.80 0.09 0.6 NS OneChoice2020 n 12.37 0.13 6.4 12.4 4900 8300 TaxEA 13.57 0.04 3.7 11.3 DFARlEst 34.83 0.44 2.4 25.5
SmMdCpGr 10.82 0.10 16.5 25.6 OneChoice2025 n 14.64 0.17 7.2 13.6 TotReBdA t 9.07 0.04 2.7 8.5 EmgMkt 28.15 1.13 24.3 6.7
SmMidCpValAdv 22.62 0.29 2.8 22.3 OneChoice2030 n 12.71 0.16 7.8 14.9 USGvtMtg p 5.44 0.01 2.0 7.8 EmgMktSoCoEq 13.68 0.51 24.0 7.9
TxMgdWlthAppAdv 16.74 0.33 12.7 16.2 OneChoice2035 n 15.83 0.21 8.5 16.1 -400 6400 Columbia Class C: EmgMktVa 29.10 1.08 21.8 4.9
WlthApprStr 16.09 0.31 11.8 14.0 OneChoice2040 n 13.30 0.19 9.3 17.3 Balanced 40.08 0.38 7.9 18.4 EmMktCorEq 21.27 0.77 23.2 7.3
AB Funds - C: OneChoice2045 n 16.64 0.26 10.1 18.5 ContCore p 22.90 0.30 12.1 28.5 EmMktSmCp 22.27 0.56 20.4 12.6
HighIncomeC p 9.02 0.06 5.5 11.7 OneChoiceRet n 13.11 0.12 6.0 11.7 DivInc t 20.09 0.15 8.8 28.0 Fixd 10.30 0.00 0.6 1.8
AB Funds - I: Real n 28.39 0.28 1.1 20.0 -5700 4500 SelComunInfo t 52.64 2.08 24.4 66.4 GblAll60 40Inst 17.30 0.20 7.5 13.7
GlbBd 8.42 0.02 2.2 11.8 Select n 67.20 1.31 16.3 39.6 Columbia Class I,T&G: GlAll25 75Inst 13.27 0.08 3.6 8.1
AB Funds - K: SmallCo n 15.28 0.17 4.3 18.6 DivOppty tn 9.92 0.09 5.8 19.1 GlEqInst 21.43 0.36 11.0 19.7
AllMktRtrn1 8.30 0.19 0.9 -23.5 SmCpVal n 9.42 0.10 4.0 30.7 Columbia Class R5: GlRESec 10.80 0.15 3.8 16.6
Acadian Emerging Markets: StrMod n 7.18 0.10 8.8 15.1
-11000 2600 ContCore 25.76 0.34 12.8 32.9 InfProtSec 11.72 0.08 1.4 2.1
AcadnEm Inv 20.72 1.02 25.7 8.5 Ultra n 41.35 0.82 18.5 37.8 May Jun Jul May Jun Jul MidCapIndx 16.55 0.17 7.0 29.8 IntGvFxdInc 12.48 0.06 2.2 7.1
AdvisorTwo: Util n 18.01 0.03 -0.5 24.5 SelLgCpGr t 16.74 0.36 27.3 34.5 IntlCoreEq 13.44 0.33 16.8 9.7
FrTRInst 10.49 0.03 3.1 9.0 Value n 8.94 0.09 1.9 21.5 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S Lipper FMI Columbia Class Y: IntlREst 5.01 0.08 6.6 3.3
AIG Funds: American Century R5: ContCore p 25.77 0.34 12.8 33.2 IntlSustCore1 10.34 0.23 17.8 8.4
FDivStII t 17.91 0.15 6.0 25.5 InfAdjBd 11.49 0.06 1.1 1.2 DivIncom 21.04 0.16 9.5 32.6 IntlVal 18.72 0.45 13.7 2.8
Akre Funds: InfProBd 10.27 0.02 0.4 0.6 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Columbia Class Z: IntlVectorEq 12.54 0.31 16.9 10.7
AkreFocusInst 28.58 0.46 12.5 31.2 American Century R6: NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. AcornIntZ n 44.88 1.05 19.9 4.9 IntSmCo 20.30 0.49 18.3 17.2
AkreFocusRtl 28.07 0.45 12.3 30.1 Growth 33.33 0.62 18.2 35.2 AcornZ n 16.74 0.14 13.2 23.4 IntSmVa 22.12 0.51 16.6 16.8
Alger Funds A: MdCapVal 18.03 0.23 5.3 36.3 TSSmCpGrFd N 19.37 0.26 12.2 22.8 Baron Funds: CAInsMun 12.61 0.04 4.3 14.2 MktNeutI 13.18 0.04 3.0 9.9 BalancedZ n 40.10 0.38 8.5 22.0 IntTermMuni 10.23 0.03 2.7 7.1
YachtmanFocFd I 21.73 0.27 10.5 22.7 Asset n 69.54 0.74 20.1 34.2 CoreBd 9.64 0.04 2.4 7.8 Calvert Investments:
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

CapApr 24.09 0.60 20.1 35.0 American Funds Cl A: ContCoreZ n 25.37 0.34 12.8 32.5 IntVaIII 15.85 0.37 13.7 3.2
SpectraN 19.99 0.49 20.0 34.9 2010TarRetA p 10.76 0.11 5.8 12.9 YacktFocFd N n 21.74 0.27 10.4 22.1 EmergingMkts n 13.60 0.46 24.2 10.2 EqtyDivd 24.15 0.23 7.6 29.9 InvEq p 42.12 0.64 14.3 29.1 CorpIncmZ n 10.20 0.05 3.6 9.1 ITExQual 10.81 0.07 4.0 11.5
Alger Funds Inst: 2015TarRetA p 11.41 0.11 6.2 13.7 YacktmanFd I n 23.30 0.22 8.9 20.5 Growth n 70.15 0.69 17.9 26.7 FloRateIncPorIns 10.22 0.02 2.0 10.4 BalPortA p 32.23 0.31 5.7 14.5 DivIncomZ n 20.72 0.15 9.4 31.9 Japan 25.75 0.56 17.0 34.8
CapApprI 31.70 0.79 20.0 35.1 2020TarRetA p 12.29 0.14 7.3 15.1 Angel Oak Funds Trst: Partners n 46.94 0.64 26.7 30.2 GlblAlloc 19.88 0.26 8.8 10.5 Cambiar Funds: EmgMkt nr 12.16 0.59 29.0 12.5 LgCo 19.13 0.26 11.0 32.3
Allianz Fds Admin: 2025TarRetA p 13.02 0.18 8.8 16.8 AglOkMtiStFdClIn 11.30 0.02 3.6 11.4 SmallCap n 29.76 0.37 17.4 24.7 GlobLg/ShrtCrIns 10.32 0.01 2.0 3.2 IntlEqInv r 26.73 0.73 11.7 10.4 HYMuniZ n 10.60 0.03 4.4 16.6 LgCpIntl 22.46 0.53 16.3 5.3
RCMTechI 70.45 3.01 30.2 50.8 2030TarRetA p 13.83 0.22 10.6 19.8 AQR Funds: Baron Instl Shares: HiEqInc 40.13 0.34 11.2 22.3 CausewayInst : IncOppty n 10.01 0.05 4.8 13.5 SclCrEqInst 12.93 0.32 16.5 8.6
Allianz Fds Instl: 2035TarRetA p 14.09 0.24 11.9 21.6 EqMktNeut I 12.23 NA NA NS AssetInst 71.66 0.76 20.3 35.3 HiYldBd 7.79 0.05 5.2 12.5 CausewayInst 16.04 0.36 15.6 4.6 IntmMunBdZ n 10.54 0.03 3.2 8.7 SelHdgGlFxd 9.69 0.03 2.9 -1.3
NFJDivVal 17.46 0.13 5.1 12.6 2040TarRetA p 14.39 0.26 12.4 22.2 LgCapDefStyle I 17.73 NA NA NA EmergingMktsInst 13.65 0.46 24.3 11.1 HlthScOp 56.09 0.52 20.6 46.7 CausewayInv n: LgCapGr n 16.21 0.35 27.2 34.0 STExQual 10.85 0.03 1.7 5.4
SmCpVl 27.14 0.22 4.0 14.0 2045TarRetA p 14.57 0.26 12.6 22.8 LgCapMomStyle I 21.20 NA NA NA GrowthInst 71.81 0.70 18.1 27.6 InflProtBdInst 10.60 0.06 1.1 -0.1 CausewayInv n 15.91 0.35 15.5 3.8 LgCpGrowZ n 41.18 0.94 20.3 41.7 STGov 10.63 0.03 0.9 3.4
Allianz Funds A: 2050TarRetA p 14.25 0.26 12.6 22.9 LgCpMultiStyle R 16.20 NA NA NA PartnersInst 47.83 0.66 26.9 31.3 iShMSCIIntldx 13.55 0.30 16.8 5.4 CG Cap Mkt Fnds: LgCpIdxZ n 47.07 0.66 10.9 31.8 STMuniBd 10.20 0.01 1.4 2.8
NFJDivVal t 17.35 0.12 4.9 11.4 AmcpA p 29.90 0.59 11.4 25.6 LngShrtEq I 14.01 NA NA NA SmallCapInst 30.66 0.39 17.6 25.7 LowDurI 9.64 0.01 1.5 4.2 CoreFxIcm n 8.13 0.03 2.8 8.2 MdCpIdxZ n 16.25 0.17 7.0 29.8 TAUSCoreEq2 16.73 0.19 7.8 25.8
SmCpV A 24.65 0.20 3.9 12.7 AMutlA p 39.36 0.45 7.9 26.5 LngShrtEq R 14.04 NA NA NS BBH Funds: MultiAstIncome 11.04 0.06 6.1 11.0 IntlEq n 12.18 0.28 17.3 6.2 MdCpValZ pn 15.05 0.15 6.5 17.4 TAWldexUSCr 10.90 0.30 18.6 9.2
Alpine Funds: BalA p 26.47 0.32 7.9 23.1 MgdFutStrI 8.87 NA NA NA CorSelN n 22.77 0.35 12.0 20.5 NatlMuni 10.88 0.03 3.4 10.7 LgCapEq n 18.65 0.27 10.6 27.3 MidCapGthZ n 28.44 0.39 13.5 27.5 TM IntVa 15.40 0.36 13.7 2.2
TxOptInc 10.04 0.00 0.6 2.0 BondA p 12.92 0.05 2.6 7.1 MgdFutStrN 8.76 NA NA NA Bernstein Fds: StratIncOpptyIns 9.93 0.03 2.8 6.8 CGM Funds: SelComunInfo tn 79.08 3.13 25.0 71.4 TM US Sm 41.79 0.32 2.6 27.1
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Amana Income: CapIBA p 61.86 0.78 9.1 12.8 MgdFutStr R 8.88 NA NA NS Ca Mu n 14.32 0.03 2.8 6.2 StratMuniOppI 11.57 0.03 5.1 13.2 Focus n 49.04 1.32 14.7 20.8 SmCpIdxZ n 24.17 0.23 3.6 33.3 TM USTgtVal 36.02 0.32 1.9 22.6
AmanaIncm n 48.95 0.58 10.6 20.4 CapWA p 19.79 0.18 5.3 -0.5 MultiStrAltI 9.58 NA NA NA DivrMuni n 14.42 0.03 2.7 6.1 TotRet 11.75 0.05 3.1 9.7 Realty n 33.14 0.43 11.9 23.9 SmCpValIIZ n 17.33 0.12 2.4 23.9 TMMktwdVa 29.23 0.18 6.3 24.7
AmanaGrowth n: CapWGrA 49.98 1.14 15.3 17.6 MultiStratAlt R 9.59 NA NA NS EmMkts n 30.56 1.34 23.9 8.7 BlackRock Funds R: ChamplainSmCo pn: STBdZ n 9.97 0.01 0.8 2.9 TMMttVa2 27.30 0.16 6.4 25.2
AmanaGrowth n 34.99 0.56 16.4 33.7 EupacA p 53.27 1.42 20.6 14.1 SmCpMultiStyle R 15.55 NA NA NA IntlPort n 17.43 0.43 18.2 8.2 Equity Div p 24.22 0.23 7.2 27.7 ChamplainSmCo pn 20.89 0.14 5.8 40.9 STMuZ pn 10.37 0.01 1.5 2.2 TMUSEq 26.67 0.35 10.6 30.9
Amer Beacon Insti: FdInvA p 60.15 1.15 12.3 34.2 StylePremAlt I 10.18 NA NA NA IntmDur n 13.21 0.05 2.8 9.5 GlblAlloc 18.85 0.25 8.5 8.6 ClearBridge: StratIncZ n 5.99 0.03 4.4 11.6 US CoreEq1 20.92 0.26 9.4 28.1
IntlInst 19.92 0.44 15.4 3.5 GBalA p 31.82 0.49 9.0 9.4 StylePremAlt R 10.21 NA NA NS NY Mun n 14.07 0.03 2.8 7.1 BMO Funds: AggressGrowthA 208.96 4.86 10.6 13.8 TaxEZ n 13.57 0.04 3.8 12.0 US CoreEq2 19.91 0.23 7.8 25.0
LgCapinst 29.78 0.34 8.1 20.1 GovtA p 13.78 0.06 1.8 5.4 Aquila Funds: TxMgdIntl n 17.47 0.43 18.0 8.2 IntTxFY n 11.28 0.03 3.2 9.1 AggressGrowthC 170.30 3.93 10.2 11.5 TotReBdZ n 9.07 0.03 2.8 9.3 US Micro 21.28 0.10 2.2 27.4
LgCpVal Inst 27.44 0.24 5.2 26.3 GwthA p 48.41 1.09 15.2 34.7 HI TF A 11.41 0.03 2.7 6.4 BerwynFd: UltrShtTxFrI 10.07 0.00 0.7 2.3 AggressGrowthI 229.40 5.34 10.8 14.9 USGvtMtg tn 5.44 0.01 2.3 8.6 US Small 34.62 0.29 2.8 26.6
SmCpInst 28.10 0.26 1.7 24.2 HI TrA p 10.44 0.05 4.7 8.2 ArbitrageI n: BerwynIncm n 13.85 0.07 2.9 7.5 BNY Mellon Funds: AggressGrowthIS 231.74 5.40 10.8 15.3 Columbia Funds: US SmCpVal 36.91 0.33 -1.0 17.9
Amer Beacon Inv: HiInMuniA 15.69 0.04 4.8 16.6 ArbitrageI n 13.50 -0.02 2.3 7.3 BlackRock Funds A: BondFd 12.73 0.06 2.6 7.1 AllCapValueA 15.58 0.25 9.0 23.7 UltShortBd 9.02 0.01 0.8 2.3 US TgdVal 24.04 0.25 0.6 18.8
LgCapInv 27.82 0.31 7.8 18.9 ICAA p 39.48 0.63 9.8 27.6 Ariel Investments: AdvLgCapCore p 20.08 0.26 11.0 28.5 EmgMkts 10.64 0.48 25.6 2.7 AppreciationA 22.94 0.22 9.4 26.6 Commerce Funds: USLCpGr 17.23 0.22 11.7 31.2
SmCapInv 27.12 0.24 1.5 23.0 IncoA p 22.76 0.26 6.6 17.6 ApprecInv pn 51.47 0.72 9.4 21.2 BasicVal 25.02 0.25 -0.3 12.6 IncomeStk 9.33 0.08 5.8 27.6 AppreciationI 22.82 0.22 9.6 27.7 Bond 19.99 0.08 2.9 8.9 USLgVa 37.30 0.36 7.3 25.2
American Century A: IntBdA p 13.43 0.04 1.3 3.6 Ariel Inv pn 68.98 0.82 7.2 26.2 CapAppr 26.64 0.67 21.0 37.7 IntlFd 12.97 0.33 18.1 5.2 AppreciationIS 22.89 0.22 9.6 28.1 Community Capital Tr: USLgVaIII 26.21 0.26 7.3 25.8
EqIncA p 9.29 0.06 6.2 31.6 IntlGrIncA p 32.62 0.73 16.7 0.1 Artisan Funds: EqtyDivd p 24.08 0.23 7.4 28.9 IntmBdFd 12.55 0.03 1.6 4.6 DividendStrat1 n 23.03 0.23 9.6 27.2 CRAQualInvFd 10.61 0.04 1.7 5.8 USSoCoreEq2 14.83 0.16 7.5 22.9
MdCapVal p 17.99 0.23 5.0 33.8 LtdTEBdA 15.74 0.03 2.3 4.7 GblOppInst 25.07 0.59 21.8 34.4 FloRateIncPortA 10.22 0.02 1.9 9.4 MCMultiStrM 16.80 0.25 9.9 24.7 DividendStratA 23.02 0.23 9.5 26.1 Credit Suisse Common: USSustCoreI 19.47 0.23 9.9 27.8
American Century C: N PerA p 42.34 1.04 19.8 27.8 GblOppInv n 24.85 0.58 21.6 33.4 GlblAlloc p 19.75 0.26 8.6 9.7 NtlIntmMuni 13.53 0.04 3.4 8.5 DividendStratI 23.58 0.24 9.7 27.3 ComdtyRet r 4.84 0.06 -4.5 -35.2 USVectorEq 18.28 0.20 4.7 21.7
EqIncC p 9.29 0.06 5.8 28.7 NEcoA p 43.31 0.96 20.5 28.6 GblValInv n 17.34 0.30 13.7 20.0 HiYInvA 7.79 0.05 5.1 11.4 NtlShTMuni 12.78 0.01 1.3 2.0 LargeCapGrowthA 38.52 0.69 13.4 40.7 Cullen Funds: WexUSGov 10.04 0.03 0.7 13.3
American Century I: NwWrldA 61.92 1.85 20.3 7.8 Intl Inv n 31.42 0.82 22.7 2.6 HlthScOp p 53.60 0.50 20.4 45.5 Bridgeway Funds: LargeCapGrowthI 42.51 0.77 13.6 42.1 HiDivEqI r 18.72 0.14 9.1 24.4 Dodge & Cox:
DivBnd 10.79 0.04 2.6 7.9 SmCpA p 53.41 0.91 16.2 24.8 IntlInst 31.62 0.82 22.8 3.3 LgCapFocuGr 15.70 0.39 18.3 39.1 BChip35 n 13.85 0.16 7.2 27.9 LargeCapValueI 31.93 0.27 7.9 23.2 Balanced n 107.04 0.77 6.2 22.9
EqInc
Gl Bond
9.30 0.06
10.25 0.05
6.6
2.2
33.5
10.3
STBFA p
STTxExBdA
9.96
10.13
0.02
0.01
0.9
1.5
2.3
2.1
IntlVal Inst
IntlVal Inv n
37.73 0.76
37.56 0.75
16.0
15.9
14.2
13.4
LowDurBdA 9.64
MultiAstIncome 11.03
0.02
0.07
1.4
6.0
3.3
10.2
BroadviewOpp n:
BroadviewOpp n 36.51 0.40 3.4 14.9
MidCapA
MidCapI
34.06
37.49
0.43
0.47
7.7
7.9
22.8
24.1
D GblStock n
Income n
13.54
13.78
0.33 13.7 19.7
0.05 2.9 9.2
Growth 33.34 0.62 18.1 34.7 TECAA p 17.58 0.05 3.5 10.8 MidCapInst 45.82 0.72 17.2 24.5 NatlMuni p 10.89 0.03 3.2 10.1 Brown Advisory Funds: SmallCapGrowthA 30.98 0.60 13.9 25.1 Davenport: Intl Stk n 45.07 1.45 18.3 5.1
IntTF 11.34 0.03 3.5 8.6 TxExA p 12.95 0.04 3.4 10.6 MidCapInv n 42.58 0.67 17.0 23.6 StratMuniOpp 11.56 0.03 4.9 12.5 GrowEqInv n 20.25 0.35 17.5 27.1 SmallCapGrowthI 32.87 0.65 14.0 26.3 Val&Incm n 16.33 0.11 7.2 26.1 Stock n 195.23 2.24 8.2 28.8
MdCapVal 18.04 0.24 5.2 35.7 WshA p 42.93 0.54 8.4 27.5 MidCapVal Inv n 23.43 0.28 4.8 12.8 StrtIncOpptyInvA 9.93 0.03 2.7 5.8 BrownSmCoInv n: SmallCapGrowthIS 33.16 0.66 14.1 26.9 Davis Funds A: Domini Funds:
OneChoice2020 12.38 0.13 6.5 13.1 AMG Funds: Ashmore Funds: TotRet 11.76 0.05 2.9 8.7 BrownSmCoInv n 87.66 1.21 19.4 49.3 Clipper: NYVen A 32.69 0.59 11.2 29.7 US Equity Inv pn 46.07 0.60 7.2 15.2
OneChoice2025 14.65 0.17 7.2 14.2 RRDivAcValI 12.63 0.11 3.2 24.3 EmgMktTRInst 8.25 NA NA NA BlackRock Funds Blrk: BruceFund n: ClipperFd n 115.78 1.64 8.7 34.5 Davis Funds C & Y: DoubleLine Funds:
OneChoice2030 12.72 0.16 8.0 15.6 AMG Managers Funds: AT Disciplined Equity Ins: CoreBd 9.67 0.04 2.4 8.1 BruceFund n 523.84 4.90 7.8 12.7 Cohen & Steers: NYVenC 29.91 0.54 10.7 26.7 CoreFxdIncmI 10.96 NA NA NA
OneChoice2035 15.86 0.22 8.6 16.8 Brandywine I n 42.61 0.79 13.0 29.8 ATDispEqInst n 17.99 NA NA NA HiYBlk 7.79 0.05 5.2 12.7 Buffalo Funds: InstlRlty 44.09 0.46 3.7 26.8 NYVenY 33.37 0.61 11.3 30.7 CorFxdIncN n 10.95 NA NA NA
OneChoice2040 13.31 0.19 9.4 18.0 FairpointeMdCpI 44.41 0.73 6.5 19.2 Ave Maria Funds: BlackRock Funds C: BuffBal n 14.71 0.16 2.1 7.6 PrefSecIncmA 14.17 0.02 8.4 21.3 Del Invest Instl: EmgMktIncmI 10.68 NA NA NA
OneChoice2045 16.66 0.25 10.1 19.2 FairpteMCpN 43.39 0.72 6.4 18.4 RisingDivd n 17.70 0.15 5.9 17.0 EqtyDivd t 23.29 0.21 7.0 26.1 DiscFd n 23.38 0.40 15.7 33.9 PrefSecIncmC 14.09 0.02 8.0 18.9 CorpBdI 5.87 0.03 5.1 8.9 LowDurBdI 10.07 NA NA NA
American Century Ins: GWKMBd I 11.70 0.05 4.3 10.7 GlblAlloc t 17.91 0.24 8.2 7.2 SmCap n 17.77 0.27 18.2 22.4 PrefSecIncnI 14.21 0.03 8.6 22.6 USGrw 26.64 0.78 17.9 25.2 LowDurBdN n 10.06 NA NA NA
NT MdCapVal 13.99 0.19 5.2 36.0 LoomisSaylesBd I 27.14 0.15 5.1 8.4 B HlthScOp 47.63 0.43 19.9 42.4 RltyIncA p 14.44 0.16 3.8 33.2 Value 20.11 0.16 3.1 22.0 TotRetBdI 10.69 NA NA NA
NTCoreEquityPlus 15.52 0.22
NTDvBnd 10.77 0.04
9.8
2.7
20.7
8.0
LoomisSaylesBd N n 27.14
M&C Growth I 19.98
0.15
0.35
5.0
14.0
8.1
21.8 Baird Funds:
MultiAstIncome 11.02
StratIncOpptyInv 9.92
0.07 5.7 7.8
0.03 2.3 3.4
C RltyIncI
RltyShs n
15.19
66.18
0.17
0.69
4.0
3.5
34.3
25.9
Delaware Invest A:
Diver Inc p 8.74 0.04 3.7 6.3
TotRetBdN n
Dreyfus:
10.69 NA NA NA

NTEqGrp 13.28 0.20 11.2 22.9 PictetIntl I 11.13 0.26 20.1 15.8 AggBdInst 10.87 0.05 2.8 9.4 BlackRock Funds III: Calamos Funds: Colorado BondShares: EmrgMktA p 18.59 0.93 28.5 11.3 Aprec pn 35.75 0.56 15.0 20.5
NTGrwth 17.19 0.32 17.9 33.7 SkylineSpcEqFd N n 44.19 0.36 2.1 20.9 CorBdInst 11.22 0.05 3.1 10.1 iShS&P500IdxK 293.48 4.11 11.0 32.4 Gr&IncA p 32.02 0.43 9.2 20.9 ColoradoBdShs 9.04 0.01 4.2 13.0 SmCpValA p 62.06 0.47 3.7 26.7 CA AMTMuBdZ nr 15.18 0.06 4.4 12.0
NTHeritage 13.83 0.19 12.9 24.6 SouthSunUSEq I 13.70 0.21 5.3 1.3 IntBdInst 11.10 0.05 2.3 7.1 iShUSAggBdIdxK 10.14 0.05 2.3 7.6 Gr&IncC t 32.18 0.43 8.7 18.2 Columbia Class A: SMIDCapGrA p 18.59 0.19 13.0 25.2 Discp n 37.09 0.48 9.0 30.3
NTIntlGr 11.55 0.32 19.6 6.4 TSSmCapGrFd Z 19.78 0.26 12.3 23.5 QualIntMunBdInst 11.65 0.04 3.1 6.5 BlackRock Funds Inst: GrowthA p 34.06 0.61 16.6 23.7 AcornA t 14.53 0.12 13.1 22.4 Deutsche Funds: Dr500In tn 53.90 0.75 10.8 30.6
NTIntlVal 10.14 0.24 16.0 NS TSSmCpGrFd Z 17.55 0.29 10.8 28.3 ShtTBdInst 9.71 0.02 1.3 4.7 BasicVal 25.32 0.25 -0.1 13.5 MktNeutA p 13.33 0.04 2.9 9.1 AMTTEBd 4.01 0.01 4.0 13.4 CapGrth p 77.37 1.62 16.2 39.1 Dreyf n 11.17 0.17 10.3 25.0

About our Funds
The listings include the top 2500 open-end funds by assets. These funds value their portfolios daily and report net
asset va lues (the dollar amount of their holdings divided by the number of shares outstanding) to the National
Association of Securities Dealers. Total returns reflect both price changes and dividends; these figures assume that
all distributions are reinvested in the fund. Because Lipper is constantly updating its database, these returns may
differ from those previously published or calculated by others. 3 year returns are cumulative. The NAV is the last
reported closing price for the week. Footnotes: NA: not available. NE: performance excluded by Lipper editor. NN:
fund not tracked. NS: fund not in existence for whole period. e: ex capital gains distributions. f: previous days
quote. n: no front- or back-end sales charge. p: fund assets are used to pay marketing and distribution costs (12b-1
fees). r: fund levies redemption fee or back-end load. s: stock dividend or split of 25% or more. t: fund charges
12b-1 fees (for marketing and distribution) and a back-end load. v: capital-gains distribution may be a return of
capital. x: ex cash dividend. Full mutual-fund listings,including dividend and capital-gains data, now appear free
online at www.barrons.com/listings. All data supplied by Lipper.
 July 17, 2017 BARRONS M29

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
DreyMid Inv nr 37.43 0.39 6.9 28.9 GlbexUSIdxPrem n 12.79 0.37 17.6 5.1 FreedomK2020 15.01 0.21 9.4 17.9 NewMkt nr 16.23 0.20 7.0 15.5 IntlInvst n 33.15 0.46 10.9 25.2 Frgn A p 7.87 0.20 12.6 1.0 DiscpEqA p 27.31 0.33 11.5 34.9 Invesco Funds P:
DynTotRetY 16.50 0.14 4.3 8.5 InflProBdIdxPrem n 9.75 0.05 0.9 1.6 FreedomK2025 15.82 0.23 10.1 18.8 NewMill n 39.24 0.58 8.9 21.2 LgCapInvst n 21.65 0.27 9.8 26.5 GlBond A p 12.39 0.10 4.7 4.3 DivGth A p 26.31 0.33 8.3 26.4 Summit P pn 19.20 0.46 20.8 38.5
FloRtIncY 12.09 0.02 1.8 8.5 IntlIdxInst 41.22 0.95 16.8 6.5 FreedomK2030 16.34 0.28 11.8 21.3 NYMun n 13.27 0.04 3.7 11.4 FPA Funds: GlSmCo A p 9.93 0.15 13.4 8.8 EqInc t 19.82 0.22 8.1 26.0 Invesco Funds Y:
GblRealRtY 14.36 0.02 3.2 6.5 IntlIdxInstPrem 41.22 0.95 16.8 6.5 FreedomK2035 17.16 0.32 12.9 23.0 OHMun n 12.17 0.04 3.9 12.7 Capit n 34.56 0.52 -4.5 -12.7 Growth A p 26.52 0.57 12.6 7.9 FltRateA t 8.70 0.01 2.3 8.7 BalancedRiskAllY n 10.91 0.12 2.5 8.6
GblRESecY 8.87 0.15 5.1 12.6 IntlIdxInv n 41.20 0.94 16.7 6.1 FreedomK2040 17.19 0.32 13.0 23.0 OTC n 105.33 3.20 26.4 57.9 FPACres n 34.45 0.41 6.9 16.9 World A p 17.22 0.25 8.4 6.9 GlbCapAppr 18.27 0.36 15.3 14.5 EqWtdY n 57.38 0.79 9.2 27.9
GlbStkI 20.14 0.38 13.7 20.1 IntlIdxPrem nr 41.21 0.94 16.8 6.3 FreedomK2045 17.73 0.33 12.9 23.1 OTC K 106.62 3.24 26.5 58.4 NwInc n 9.98 0.03 1.5 4.3 FrankTemp/Temp Adv: GrOppty t 42.96 0.79 20.0 40.1 IVA Funds:
GlFxIncI 21.36 0.10 2.9 8.5 IntTrBdIdxPrem n 10.77 0.06 2.3 7.7 FreedomK2050 17.88 0.34 13.0 23.1 OverseasK r 47.41 0.99 20.2 20.2 Franklin Templeton: Frng Adv 7.77 0.21 12.9 1.9 Hlthcare 35.77 0.34 23.2 43.0 Intl I r 17.54 0.26 11.2 11.9
GrInc n 21.38 0.32 9.4 26.6 LTTrBdIdxPrem n 12.95 0.05 4.5 16.4 FreedomKIncm 12.03 0.10 5.0 10.7 Ovrse n 47.50 0.99 20.1 19.7 TgtGroA p 18.94 NA NA NA GlBondAdv p 12.35 0.11 4.8 5.2 MidCap A p 28.70 0.23 13.1 29.9 WorldwideA t 18.49 0.17 7.8 9.2
HYldI 6.33 0.03 4.9 10.4 MidCpIdxPrem n 19.71 0.27 9.2 26.8 FundK 45.93 0.72 11.7 27.9 PcBas nr 32.12 0.87 21.4 26.3 TgtMod C p 15.53 NA NA NA TGlTotRAdv 12.51 0.12 5.1 6.1 TotRBdA p 10.42 0.04 3.3 7.0 WorldwideC t 18.16 0.16 7.4 6.7
Interm n 13.74 0.05 3.6 9.3 MidCpInxInstl 19.71 0.27 9.2 26.9 Idx2020InsPre 15.21 0.19 7.9 NS PuritanK 22.50 0.29 10.3 22.4 TgtModA p 16.02 NA NA NA FrankTemp/Temp B&C: Hartford Funds C: WorldwideI r 18.55 0.16 7.9 10.0
InstS&PStkIdx I n 49.88 0.70 10.9 31.7 RealEstIdxPrem n 15.50 0.17 1.0 23.6 Idx2025InsPre 16.09 0.21 8.5 NS Puritn n 22.52 0.29 10.3 22.1 FrankTemp/Frank Adv: GlBond C p 12.42 0.11 4.5 3.1 Bal IncC 14.22 0.13 5.1 15.4 Ivy Funds:
IntlBdI 16.01 0.22 8.6 2.1 SAIUSLgCpIndxFd 13.23 0.18 11.0 NS Idx2030InsPre 16.79 0.25 10.1 NS RealE n 42.29 0.42 1.9 27.2 CA HY Adv t 10.83 0.03 4.6 18.5 Growth C p 25.80 0.55 12.1 5.5 CapAppC 32.89 0.47 14.4 20.6 AssetStrA p 22.77 0.40 9.7 -9.4
IntlSmCpY 15.36 0.39 19.5 NS SmCpIdxInst 19.27 0.18 6.1 28.7 Idx2035InsPre 17.65 0.29 11.3 NS RealEstInc nr 12.30 0.07 5.8 21.6 CA IntAdv 12.07 0.03 3.2 9.9 FltRateC t 8.69 0.01 2.0 6.3 AssetStrC t 21.53 0.38 9.3 -11.3
IntlStkI
MunBd nr
17.42
11.76
0.39
0.04
17.1
4.0
14.1
11.5
STTrBdIdxPrem n 10.41
TMktIdxF r 71.04
0.02
0.97
0.9
10.6
3.1
31.0
Idx2040InsPre
Idx2045InsPre
17.76
17.90
0.30
0.30
11.3
11.3
NS
NS
REEqF
SAIIntlMinVolInd
13.11
10.46
0.10
0.20
1.7
13.7
21.9
NS
CA TF Adv t
CvtScAdv
7.43
19.93
0.02
0.39
4.0
13.2
14.6
21.1
G MidCapC t
Hartford Funds I:
21.47 0.16 12.6 27.0 AssetStr I r
BalancedA p
23.11
24.75
0.41
0.25
9.9
6.5
-8.6
9.9
NewtonIntlEqY 20.46 0.41 16.2 5.3 TMktIdxInv n 71.03 0.97 10.5 30.8 Idx2050InsPre 17.97 0.30 11.3 NS SAISm-MidCap500I 11.37 0.16 8.1 NS Fed TF Adv 12.02 0.03 2.4 10.5 Gabelli Funds: BalIncI 14.42 0.13 5.7 18.9 BalancedC t 24.55 0.24 6.1 7.7
NY Tax nr 14.88 0.06 3.9 11.2 TMktIdxInst 71.03 0.97 10.6 31.0 Income n 11.71 0.09 5.0 10.5 SAIUSQtyIdx 12.30 0.20 12.3 NS FedIntAdv 12.25 0.04 3.0 7.9 ABC pn 10.32 0.01 1.5 6.9 CapAppI 41.00 0.60 15.0 24.4 EmgMktEqFdI 19.49 0.94 28.0 20.3
OppSC Investor n 37.11 0.68 11.5 27.7 TMktIdxInstPrem 71.02 0.97 10.6 31.0 Fidelity Invest: SCEnhIdx n 14.08 0.13 1.8 28.2 FlRtDAAdv t 8.86 0.00 1.5 10.3 ABCAdv 10.21 0.01 1.3 6.1 DivGthI 26.18 0.33 8.4 27.1 HiIncA p 7.63 0.02 5.6 10.9
SelMgrSmCpGroY 26.13 0.33 13.3 22.9 TMktIdxPrem n 71.04 0.98 10.6 31.0 100Index 16.07 0.22 10.6 32.2 SerIntlGrF 15.51 0.39 21.0 16.5 GrOpAdv p 38.94 0.89 19.7 28.8 Asset pn 58.87 0.78 10.4 15.8 EmrgMktEqInv r 14.96 0.71 25.6 9.9 HiIncC t 7.63 0.02 5.2 8.6
SelMgrSmCpVaY 24.62 0.17 4.0 18.7 USBdIdxF 11.60 0.04 2.3 7.8 100IndexClF 16.07 0.22 10.6 32.4 SerIntlSmF 17.27 0.43 21.1 20.9 Growth Adv t 89.31 1.48 16.4 38.3 EqInc pn 25.54 0.29 7.8 14.3 EqIncI 19.72 0.22 8.2 26.9 HiIncI r 7.63 0.02 5.8 11.7
SmCpStk Inv nr 31.06 0.28 3.2 32.2 USBdIdxPrem n 11.60 0.04 2.3 7.7 AdvSrsGroOpport 12.78 0.32 23.1 38.6 SerIntlValF 10.45 0.18 13.8 3.4 HY TF Adv 10.27 0.01 2.8 13.2 SmCapG n 55.21 0.81 7.3 21.9 FltRateI 8.71 0.01 2.4 9.5 IntlCorEqI r 19.46 0.48 16.3 10.0
StratValA r 40.27 0.40 3.9 25.4 USBdIdxInstPrem 11.60 0.04 2.3 7.8 AggrInt n 19.73 0.54 23.5 21.4 SmallCap r nr 19.09 0.08 4.5 25.4 IncomeAdv 2.33 0.03 4.9 8.0 SmCpGrwI 56.34 0.83 7.5 22.8 GrowOppI t 44.62 0.82 20.1 41.0 IntlValA 19.33 0.48 16.1 9.0
StrgVal I 40.38 0.40 4.1 26.3 USBdIdxInst 11.60 0.04 2.3 7.7 AilSectEq 13.03 0.21 12.2 30.1 SmCapDisc n 31.29 0.19 3.0 21.5 RisDv Adv r 57.23 0.77 9.6 27.1 TETONWstMMFdI 27.94 0.16 6.0 23.8 InterValue 17.04 0.31 14.9 17.8 LgCpGwthl r 21.48 0.49 16.5 33.0
Dreyfus Premier: Fidelity Adv Focus A: AMgr20% n 13.44 0.08 4.0 9.2 SmlCapO 14.42 0.08 3.0 20.1 SmCpGrAdv p 21.50 0.27 8.9 13.7 Util A p 9.50 0.09 5.6 15.4 MidCap 29.40 0.23 13.3 30.7 LtdTrmI r 10.84 0.02 1.6 4.5
IntlStkY 17.23 0.39 17.1 14.2 HthCarA r 42.12 0.44 22.5 32.1 AMgr50% n 17.98 0.23 8.2 15.1 SmlCpGrth nr 23.68 0.36 15.0 40.7 SmCpValAdv t 57.96 0.54 1.2 18.6 Util C t 6.81 0.06 5.1 12.7 WorldBond 10.42 NA NA NA MidCapI 23.84 0.27 14.5 21.1
Driehaus Funds: TechA t 51.70 2.21 33.2 64.3 AMgr70% n 21.74 0.35 10.9 18.0 SmlCpVal nr 19.47 0.08 3.5 29.0 SmMCpGrAv t 38.54 0.60 12.9 19.7 Gartmore Funds: Hartford Funds Y: MuniHighIncI r 5.11 0.01 2.7 14.6
DriehausAcInc n 10.00 -0.03 0.4 3.1 Fidelity Adv Focus C: AMgr85% n 18.62 0.35 12.8 20.1 Srs1000ValIdxClF 12.27 0.09 5.3 24.0 StrInc Adv p 9.89 0.06 3.6 5.4 NationwideInstSv 24.70 0.34 10.2 28.4 DivGthY 26.87 0.33 8.4 27.8 ScTechA p 61.92 1.98 21.0 17.6
EmMktsGr n 34.81 1.46 24.4 6.0 HthCarC p 34.05 0.36 22.0 29.1 AstMgr30R n 10.97 0.10 5.6 11.7 Srs1000ValIndRet 12.27 0.09 5.4 23.8 TtlRtnAdv 9.83 0.03 2.6 6.3 Gateway: IntOppY 17.59 0.46 17.5 13.3 ScTechC t 53.88 1.72 20.5 15.2
Dupree Mutual Fds: Fidelity Advisor: Balanc n 24.00 0.32 9.8 22.3 SrsAllSecEqF 13.02 0.22 12.5 30.8 USGovAdv p 6.16 0.01 0.6 4.2 GatewayA 32.39 0.14 5.6 13.6 MidCapY 33.88 0.26 13.3 31.3 ScTechI r 67.69 2.17 21.1 18.7
KYTF n 7.76 0.02 2.7 8.5 TotBdFdClZ 10.65 0.05 2.9 NS BalancedK 24.00 0.32 9.9 22.7 SrsBlChGroClassF 14.03 0.40 23.1 43.0 Utils Adv 18.91 0.12 7.8 29.0 GE Elfun/S&S: Hartford HLS Fds IA: ScTechY t 65.09 2.08 21.0 17.8
Fidelity Advisor A: BluCh n 82.88 2.38 23.0 41.1 SrsBlChGroRetail 14.02 0.39 23.0 42.3 FrankTemp/Franklin A: RSPIncm n 11.53 0.04 2.7 8.6 Balanced 29.85 0.59 8.7 19.4
E AdvMdCpIIA p 20.49
AdvStrDivInA p 15.22
0.29
0.16
10.4
5.9
22.3
20.9
BluChpGrK
CALmtTrmTFB n
83.01
10.65
2.39
0.02
23.1
2.4
41.6
4.8
SrsCommStratF
SrsCommStrt
5.19
5.12
0.06
0.05
-5.3
-5.5
-36.8
-37.3
AdjUS p
AZ TF A p
8.29
10.78
-0.02
0.01
-0.1
2.3
-0.4
9.7
RSPUSEq n
Tax Ex n
55.45
11.59
0.91 12.5 26.6
0.03 3.1 10.9
CapApp
DiscEqui
48.11
15.96
0.78
0.20
14.4
11.6
23.9
36.3
J
Eagle Fds Svcs Inc: BalancA t 20.87 0.28 9.7 21.4 CAMun n 12.96 0.05 4.0 11.8 SrsEmrgMkt 19.70 0.91 25.5 8.5 BAL A t 12.11 0.13 4.0 13.0 Trusts n 61.62 1.10 15.8 33.7 Div&Grwth 23.99 0.32 8.6 28.1 JamesBalGR A n:
SmCpGrA p 60.11 0.99 14.6 34.2 BioTech 24.48 0.31 22.6 29.2 Canad nr 51.69 1.46 5.7 -4.5 SrsEmrgMktF 19.76 0.91 25.5 9.1 BalInv p 39.19 0.48 3.8 10.4 Glenmede Funds: GrwthOpp 35.78 0.65 19.9 42.7 JamesBalGR A n 24.92 0.15 2.3 6.9
Eaton Vance Class A: DivIntlA 22.29 0.53 18.1 11.8 CapAp n 35.44 0.68 11.9 23.6 SrsGlobal 12.53 0.36 17.7 5.1 BioDis A p 152.14 1.99 17.3 26.9 SmCpEqAdv 30.85 0.27 7.0 23.8 IntlOpp 16.67 0.44 17.9 14.2 Janus Henderson:
AtlCpSMID p 28.40 0.23 11.7 42.6 EqGrA t 112.11 2.62 23.4 35.0 CapApprK 35.51 0.68 11.9 23.9 SrsGroCoClassF 16.52 0.48 23.7 52.7 CA TF A p 7.45 0.03 4.0 14.4 GMO Trust Class III: MidCap 38.37 0.30 13.4 31.4 Balanced C 31.49 0.35 9.1 15.5
DivBldrA 14.38 0.17 7.6 24.3 EqInA 33.43 0.33 5.0 18.1 CapDevO n 16.21 0.22 8.4 25.8 SrsGroCoRetail 16.51 0.48 23.6 52.0 CAHY A p 10.81 0.03 4.5 18.2 EmgCntryDt r 29.45 NA NA NA SmallCo 18.46 0.26 14.2 13.0 Balanced S 31.73 0.35 9.4 17.4
FloatRt 9.31 0.01 2.4 10.4 FF2030A p 14.61 0.24 11.4 18.7 ChinaReg n 31.07 1.29 30.7 20.9 SrsIntlGrw 15.47 0.39 20.9 15.9 CAInt A p 12.04 0.03 3.2 9.6 IntlEq 22.58 0.34 15.5 -3.2 SmCpGrwth 29.83 0.35 11.4 31.4 Balanced T n 31.77 0.35 9.5 18.3
FltgRtAdvg p 10.88 0.01 2.7 12.3 FltRateA r 9.67 0.01 1.9 8.3 CnvSc n 27.89 0.34 5.9 3.1 SrsIntlSmCp 17.23 0.43 21.1 20.3 CO TF A p 11.60 0.01 1.9 10.5 Quality 23.99 0.19 18.3 38.4 Stock 75.04 1.39 11.1 30.5 Contrarian T n 19.81 0.01 2.2 2.1
Inc Bos 5.81 0.03 4.4 13.0 LevCoStA p 53.16 0.96 9.1 10.6 Contra n 117.27 2.65 19.9 37.6 SrsIntlVal 10.43 0.19 13.9 2.9 CvtSc A p 19.93 0.39 13.0 20.3 USTreas 24.99 NA NA NA TotRetBd 11.49 0.06 3.6 8.9 Enterprise Inst 64.57 0.84 16.5 45.8
LgCpVal 18.81 0.19 5.0 16.6 NwInsghtA p 30.50 0.64 16.4 30.2 ContraK 117.24 2.65 19.9 38.0 SrsInvGrdF 11.26 0.05 2.8 9.3 DynaTech A p 60.68 1.73 27.0 47.4 GMO Trust Class IV: Hartford HLS Fds IB: Enterprise S 107.26 1.34 15.9 42.2
NatlMuniInc 9.88 0.04 3.3 14.9 SmllCapA p 27.39 0.11 5.9 17.5 CorpBd n 11.57 0.05 4.3 11.5 SrsSmCapDiscClF 11.87 0.07 3.2 23.0 EqIn A p 24.07 0.25 6.9 21.5 CorePlusBd 21.49 NA NA NA CapApprec p 47.41 0.76 14.2 23.0 Enterprise T n 109.40 1.38 16.0 43.3
ShDurStratIncFd 7.47 0.02 3.3 8.9 StkSelMC p 36.95 0.45 10.5 22.6 CpInc nr 10.12 0.11 7.5 16.9 SrsSmCapDiscRet 11.86 0.07 3.1 22.4 Fed TF A p 12.01 0.03 2.3 9.8 EmergMkt 33.27 1.28 23.7 6.9 Heartland Funds: FlxBnd T n 10.39 0.04 2.6 6.0
TMG1.1 46.84 0.71 10.7 29.5 StrInA 12.29 0.08 5.0 9.4 DisEq n 36.92 0.71 11.1 24.2 SrsSmCpOppF 14.51 0.07 3.1 20.7 FedInt p 12.22 0.03 3.0 7.6 EmgCntrDt 29.40 NA NA NA Val Inv n 41.59 0.12 2.9 2.4 GlbEqIncA 7.67 NA NA NA
WW Hlth Science p 10.59 0.11 16.2 20.9 Fidelity Advisor C: DivGrowK 34.91 0.36 8.5 21.8 STBF n 8.63 0.01 1.1 3.4 FedL T TF 10.37 0.00 0.8 1.5 ForSmCos 15.64 0.33 14.6 5.6 Hennessy Funds: GlbEqIncC 7.61 NA NA NA
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Eaton Vance Class C: FltRateC t 9.67 0.02 1.6 5.9 DivGth n 34.93 0.36 8.4 21.3 StkSelLCVl n 19.45 0.16 4.3 20.9 FL TF A p 10.77 0.01 1.5 10.0 IntlEq 22.54 0.33 15.5 -3.0 CorMidCap30Inst 21.62 0.34 8.3 16.0 GlbResch T nr 73.73 1.58 18.0 18.9
FloatRt t 8.99 0.01 2.0 8.0 NwInsghtC t 27.18 0.56 15.9 27.3 DivIntl n 39.39 0.92 18.3 10.5 StkSelSmCp n 26.92 0.13 2.8 21.5 FlRtDA A p 8.86 0.00 1.4 9.5 Quality 24.03 0.20 18.4 40.5 FocInst 81.89 0.87 8.1 30.0 GlLifeSci T nr 54.99 0.74 21.8 37.5
FltgRtAdvg p 10.86 0.01 2.4 10.6 StrInC 12.26 0.09 4.6 6.9 DivIntlK r 39.33 0.92 18.4 10.9 StkSlcACap n 41.61 0.78 14.3 29.1 FoundFAlA p 14.23 NA NA NA QualityV 24.02 0.19 18.3 40.6 FocInv 79.93 0.84 7.9 28.6 Grw&Inc T n 49.96 0.42 10.2 30.4
Eaton Vance Class I: Fidelity Advisor I: DivStkO n 25.18 0.38 8.5 23.3 StratDivInc n 15.30 0.16 6.0 21.9 FSmCoSer r 24.30 0.48 21.9 13.4 GMO Trust Class VI: GasUtilIndInv 29.70 0.30 6.4 12.5 HiYld T nr 8.52 0.05 4.0 10.3
AtlCpSMID 31.15 0.25 11.8 43.6 AdvMdCpII I 21.11 0.31 10.6 23.4 Emerg Asia nr 39.86 1.23 28.4 23.1 StratInc n 11.02 0.08 5.2 10.2 GoldPrM A p 15.96 0.44 1.3 -16.6 AssetAllBd 22.24 NA NA NA Hodges Fund: IntlOppsA p 28.48 NA NA NA
FloatRtHiInc 8.88 0.01 2.9 11.7 BiotechI 25.83 0.32 22.8 30.2 EmgMktDbtF 10.31 0.09 6.7 17.3 StrDivIncI 15.27 0.16 6.0 21.9 GrOp B p 36.61 0.84 19.5 27.7 EmgMkts r 33.27 1.28 23.8 7.1 Hodges Small Cap n 19.88 0.62 -3.4 1.2 MdCpVal T n 17.55 0.16 5.9 24.0
FltgRt 9.00 0.00 2.6 11.1 ConsvIncmMuni I 10.04 0.01 0.9 1.8 EmrgMktK r 28.90 1.13 29.5 13.8 TaxFrB nr 11.49 0.04 3.9 11.8 Growth A p 89.08 1.47 16.3 37.2 Quality 23.99 0.18 21.5 44.4 Homestead Funds: Overseas T nr 30.83 0.73 21.7 -13.3
GblMacAbR 9.12 0.01 2.6 11.5 DivIntl 22.66 0.53 18.2 12.7 EmrgMktsDebt 10.31 0.09 6.7 16.9 TotalBond n 10.66 0.04 2.7 9.7 HiInc A 1.90 0.02 5.3 5.8 USCoreEq 14.80 -0.53 7.4 26.5 SmCoStk n 41.66 0.07 1.3 22.4 Resh T n 45.24 0.83 17.1 33.2
IncBos 5.81 0.02 4.5 13.9 EmMktIncI r 14.04 0.17 7.0 15.2 EmrMkt nr 28.88 1.13 29.4 13.2 Trend n 97.33 2.31 17.4 36.3 HY TF A p 10.23 0.01 2.8 12.9 Goldman Sachs A: Value n 51.16 0.48 8.1 25.5 SCVal T n 23.00 -0.01 3.7 31.6
LgCpVal 18.88 0.19 5.2 17.5 EqGrI 121.64 2.84 23.5 36.2 Eq Inc n 59.46 0.54 5.1 19.5 Utility n 25.98 0.47 6.4 18.8 IncomeA p 2.35 0.03 4.8 7.5 CapGr 28.39 0.58 19.9 33.8 Hotchkis and Wiley: ShtTmBd T n 3.03 0.01 1.1 2.5
NatlMuniInc 9.88 0.04 3.4 15.8 FAIntDiscI r 43.79 1.10 20.3 10.9 EqDivIncm n 27.98 0.27 5.4 23.5 Value n 119.21 1.67 8.6 21.3 IntSmCoGr r 20.23 0.47 23.2 11.1 MidCapVal p 38.76 0.50 5.4 12.5 HiYldClA 12.22 0.06 5.6 11.9 Venture T n 74.17 0.62 14.4 34.5
ParEmMktsFdInst 14.98 0.48 17.7 -2.5 FAInvGrdI 7.91 0.03 2.5 7.8 EqIncK 59.42 0.54 5.2 19.9 ValueDisc n 27.66 0.23 7.0 24.1 LwDuToRt A 9.86 0.02 1.3 3.5 SmCap 57.50 0.35 2.5 23.8 HiYldI 12.30 0.06 5.7 12.7 Jensen I :
Eaton Vance Funds: FF2030 14.70 0.25 11.5 19.6 Europ nr 40.58 0.85 20.7 7.3 ValueK 119.37 1.69 8.7 19.7 MIInsTF A p 11.45 0.01 1.5 8.4 Goldman Sachs Inst: MidCpVal 37.68 0.92 1.0 10.0 Jensen I 44.20 0.45 13.7 41.6
ParTxMgdEmgMktIn 49.42 1.66 18.0 -1.6 FF2040 15.25 0.28 12.8 21.2 Export n 22.72 0.18 9.0 26.4 Wrldw n 25.61 0.62 17.4 17.2 MNInsTF A p 12.35 0.03 2.7 8.3 CoreFix 10.52 0.03 1.9 7.3 SmCpVal 60.34 0.80 2.3 16.5 JensenQualGrJ n:
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

TMG1.0 n 1042.18 15.81 10.9 30.7 FltRatel 9.65 0.02 2.2 9.0 Fidel n 45.93 0.72 11.6 27.5 Fidelity SAI: MO TF A p 11.67 0.01 1.5 9.6 EmgMEq 20.43 0.80 27.5 16.9 JensenQualGrJ n 44.19 0.45 13.6 40.6
Edgewood Growth Instituti:
EdgewoodGrInst 28.04 NA NA NA
GrOppI
HiIncAdvI
68.01
10.52
1.71
0.10
23.5
7.3
39.7
16.8
FltRateHi nr
FocsdStk n
9.66
21.39
0.02
0.58
2.2
16.5
9.3
21.4
FidSAIEmgMktIndx
FidSAIIntlIndxFd
13.81 0.62 23.9
11.82 0.27 16.6
NS
NS
NC TF A p
NJ TF A p
11.56
11.33
0.00
0.01
1.1
1.2
8.0
8.7
GlbInc
Gr
12.24
29.06
0.02
0.58
1.4
16.3
8.2
38.4
I John Hancock:
500IndexB I 30.27 0.43 10.9 31.4
HthCarI r 45.64 0.49 22.7 33.1 FournOne n 42.10 0.61 10.8 20.8 Fidelity Selects: NY TF A p 11.11 0.02 1.4 7.7 GrOpps 27.10 0.31 16.3 19.8 ICM Small Company: BondI 15.91 0.06 3.5 9.7
F IntlGr
LeveCoSt I
12.86
54.12
0.32
0.98
21.1
9.3
16.1
11.5
GNMA n
GovtInc n
11.43
10.25
0.03
0.03
1.1
1.7
6.2
5.5
Banking nr
Biotech nr
32.88
216.51
-0.29
2.41
2.1
24.4
36.8
34.8
OHInsTF A p
OR TF A p
12.68
11.62
0.04
0.03
2.9
2.4
11.6
10.2
HYMuni
Int
9.48
12.73
0.01
0.33
6.5
19.4
20.1
17.7
ICMSmCo
IFP US Equity Fund:
32.36 0.00 2.8 31.6 CapApprNAV 17.84
ClassicVal I 31.13
0.56
0.32
21.7
6.3
39.7
25.8
Fairholme: LmtdTrmBdFd 11.53 0.02 1.6 4.9 GroCo n 168.58 4.94 23.2 51.5 Chem nr 165.75 5.16 17.0 28.6 PA TF A p 10.02 0.01 1.6 10.3 MidCapVa 39.16 0.51 5.6 13.9 IFP US EquityFd 17.72 NA NA NA DispValMdCpR6 23.20 0.32 8.1 34.4
Fairholme n 19.09 0.19 -12.0 -12.5 MuniIncI r 10.39 0.02 3.1 7.6 GroInc n 35.15 0.43 7.2 25.1 Comp nr 88.08 4.36 21.2 28.6 RisDv A p 57.29 0.77 9.5 26.1 Muni 15.61 0.01 4.0 12.1 Invesco Fds Investor: DispValR6 20.94 0.17 8.0 23.2
FAM Value: MunIncI 13.09 0.05 4.0 11.2 GrowCoK 168.48 4.93 23.3 52.0 ConDis nr 38.41 0.50 8.7 30.0 SmCpGr A p 20.17 0.26 8.8 12.8 ShDuGov 9.92 0.00 0.7 2.1 DivrsDiv n 19.79 0.13 3.4 25.7 DispVal I 20.91 0.17 8.0 22.8
FAMValue n 69.93 0.54 6.2 29.2 NwInsghtI 31.14 0.65 16.6 31.2 GrowIncK 35.11 0.43 7.2 25.5 ConStap nr 99.12 0.90 12.0 25.6 SmCpVal A p 55.57 0.52 1.1 17.6 ShDuTF 10.53 0.00 1.7 3.8 GlHltCr pn 38.18 0.45 15.9 15.4 EmrgMktsNAV 11.04 NA NA NA
Federated A: REIncmInst 12.26 0.07 5.8 21.8 GrStrt nr 37.80 0.35 11.2 26.5 DfAero nr 146.91 2.22 14.6 45.1 SmMCpGrA p 35.65 0.54 12.7 18.8 SmCapVa 61.69 0.39 2.7 25.3 Invesco Funds A: GblAbRStratI 10.37 NA NA NA
CapIncA 7.87 NA NA NA SmallCapI 29.67 0.12 6.0 18.4 GwthDiscovery n 31.34 0.72 23.3 36.4 Energy nr 39.07 1.28 -16.3 -32.0 StrInc A p 9.88 0.06 3.5 4.6 Guggenheim Funds Tru: 500InxA p 26.74 0.37 10.7 30.2 GblAbRStratR6 10.38 NA NA NA
EqIncA p 23.96 NA NA NA StkSelMC 38.57 0.48 10.7 23.4 HighInc nr 8.95 0.06 5.6 12.9 FinSvc nr 103.88 -0.10 6.8 30.2 TgtCon A p 14.59 NA NA NA FloRaStraFdInst 26.05 0.03 1.9 11.1 AmValA 38.60 0.37 1.5 9.2 GblShrhYldI 11.21 NA NA NA
FedMunULA p 10.00 0.00 0.5 0.5 StrInI 12.46 0.09 5.2 10.1 Indepndnc n 38.35 0.80 14.5 14.5 Gold nr 19.91 0.60 4.1 -12.5 TtlRtn A p 9.78 0.03 2.5 5.4 MacOppFdClA 26.60 0.00 2.9 12.6 BalancedRiskAllA 10.77 0.11 2.4 7.7 IntlGrwI 25.29 NA NA NA
HiIncBdA 7.67 0.02 5.3 13.9 Total Bd 10.65 0.05 2.8 9.6 InProBnd n 11.92 0.06 0.7 0.6 Health nr 227.22 2.44 22.9 33.1 US Gov A p 6.14 0.01 0.6 3.8 MacOppFdClInstl 26.64 0.01 3.1 13.8 Chart 18.73 0.32 9.9 13.0 IntlValNAV 16.79 NA NA NA
KaufmannA p 5.73 0.08 16.7 34.5 Fidelity Advisor M: IntBd n 10.89 0.04 2.1 6.4 HlthCareSrvPt r nr 92.95 0.51 18.5 47.6 Utils A p 18.77 0.11 7.7 28.4 TotRtnBdFdClInst 26.95 0.05 3.9 14.2 CmstA 24.57 0.28 4.7 18.5 LifeBalSrsI 13.06 0.16 8.4 10.4
KaufmnLCA p 22.48 0.40 16.4 30.7 Balanced p 21.10 0.28 9.5 20.6 IntGov n 10.51 0.03 1.3 3.9 Ind n 33.96 0.25 7.0 24.0 FrankTemp/Franklin C: TotRtnBondFdClA 26.91 0.05 3.7 12.9 CpBdA 7.41 0.03 5.0 12.8 LifeGrwI 14.40 0.23 10.9 6.7
MunStkAdvA p 13.01 0.09 4.6 9.3 EqGr p 110.31 2.57 23.2 34.1 IntlDisc n 43.89 1.10 20.3 10.9 Insur nr 83.88 0.04 8.8 40.6 Bal C t 12.00 0.12 3.7 10.6 GuideStone Funds: DevMkt 34.92 1.54 20.1 3.1 MdCpIdxI 22.80 0.23 6.9 28.9
StrValDivA p 6.25 0.04 8.2 21.6 EqIn p 34.10 0.33 4.8 17.3 IntlGrRet n 12.88 0.32 21.1 16.0 ITSvs n 48.77 1.30 17.3 50.9 CA TF C t 7.43 0.02 3.6 12.4 AggrAllGS4 11.97 NA NA NA DivIncm p 24.04 0.22 3.5 31.2 TotalStkMktIdxI 21.17 0.29 10.2 28.2
Federated C: GrOppM p 63.40 1.59 23.2 37.6 IntlScOpps nr 17.76 0.43 22.1 24.3 Mat nr 85.35 2.09 13.5 9.3 Fed TF C t 12.00 0.02 2.0 8.3 BalAllGS4 11.85 NA NA NA DivrsDiv p 19.81 0.13 3.4 25.6 TRNAV 13.58 0.08 3.1 8.2
CapIncC t 7.87 NA NA NA NwInsghtM p 29.63 0.61 16.3 29.3 IntlSmCap nr 27.99 0.70 20.1 27.6 MdEqSys n 46.83 0.51 27.8 66.7 FlRtDA C t 8.86 0.00 1.2 8.2 GrAllGS4 12.11 NA NA NA EqIncA 11.01 0.08 5.0 20.6 John Hancock Class 1:
StraValDivC p 6.26 0.04 7.8 18.8 SmllCapM p 25.62 0.10 5.8 16.7 IntMu n 10.38 0.03 3.1 7.9 Multimedia nr 80.98 1.69 10.1 23.2 FoundFAlC p 14.01 NA NA NA GrEqGS2 25.07 NA NA NA EqWtdA p 56.83 0.78 9.0 26.9 BlueChipGrw 37.94 0.93 23.0 43.8
Federated Instl: StkSelMC 37.12 0.45 10.3 21.8 InvGB n 7.90 0.03 2.5 8.0 NatRec nr 26.28 0.87 -14.0 -34.1 Growth C t 82.06 1.35 15.8 34.2 IntEqGS2 15.61 NA NA NA FltgRate p 7.56 0.00 1.8 8.4 CapAppr 17.81 0.56 21.7 39.6
FedMuniUl A 10.00 0.00 0.7 1.9 StrInM p 12.28 0.08 5.0 9.3 InvGrBd 11.25 0.04 2.7 8.9 Pharm n 19.15 0.12 12.5 8.7 HiInc C 1.92 0.01 5.0 4.2 LowDurGS2 13.43 NA NA NA Glcoreeq p 15.81 0.33 13.8 13.7 LSAggr 16.69 0.34 13.9 19.8
GloFinI 34.75 0.66 18.4 6.2 Fidelity Freedom: JpnSmCo nr 17.12 0.35 16.9 33.1 Retail nr 118.53 1.58 8.0 53.8 HY TF C t 10.42 0.01 2.5 11.2 MedDurGS2 14.73 NA NA NA GlHltCr 38.16 0.44 15.9 15.4 LSBalncd 15.48 0.21 9.3 14.8
GovUltra 9.89 0.00 0.6 1.1 FAFree2020I p 13.73 0.18 9.2 16.5 LargeCap n 31.35 0.43 8.2 25.4 Semiconductors r nr 106.64 3.55 15.6 74.6 Income C t 2.38 0.03 4.9 5.8 ValEqGS2 22.00 NA NA NA GrIncA 27.69 0.24 5.8 26.1 LSConserv 13.08 0.10 4.9 8.7
HiYldSvc 6.91 0.05 5.5 14.7 FAFree2025I 13.65 0.19 9.9 17.3 LCapGrEIdx n 17.36 0.32 12.6 33.4 Softwr nr 154.98 5.40 23.5 59.6 NY TF C t 11.10 0.02 1.2 5.9 GrowAlloc p 15.35 0.22 8.7 11.2 LSGwth 16.42 0.28 11.7 17.6
InsHiYld r
KaufmnLCIS
10.11
22.96
0.06
0.42
5.6
16.5
16.5
31.7
FAFree2035I
FAFree2045A 11.73
14.26 0.26
0.21
12.8
12.6
21.2
20.3
LevCoSt n
LgCpVHIdx n
37.03
12.47
0.84
0.09
11.2
5.0
10.5
23.7
Tech nr
UtilGr nr
167.91
80.68
7.13
1.86
33.3
13.2
65.5
21.5
RisDv C t
StrInc C p
56.30
9.87
0.75
0.05
9.1
3.3
23.3
3.3
H HYld
HYMuA
4.21
10.06
0.02
0.04
4.4
5.9
8.5
21.1
LSModer
RetCho2020
14.07
12.26
0.15
0.09
6.9
4.4
11.8
9.7
KaufmnR r 5.74 0.08 16.7 34.7 FF2005 n 12.42 0.12 6.4 12.9 LmtTrmMuniIncm n 10.58 0.02 2.2 3.7 Fidelity Series: US Gov C t 6.09 0.01 0.2 2.1 Hancock Horizon: IntlGrow 35.20 0.91 16.0 5.4 RetCho2025 13.38 0.15 6.5 12.9
MdCpISvc n 26.67 0.28 6.9 28.7 FF2010 n 15.87 0.18 7.5 14.6 LowP nr 53.73 0.58 8.6 20.5 FASeriesEqGroFd 13.98 0.33 23.9 37.1 Utils C t 18.67 0.10 7.4 26.4 BurkenroadSCInv r 66.81 0.49 0.5 14.0 IntTMIA p 11.13 0.04 3.5 9.5 RetCho2035 14.68 0.23 9.7 17.6
ShIntDurMuInst 10.27 0.01 1.7 3.1 FF2015 n 13.13 0.17 8.6 16.4 LowPriStkK r 53.71 0.58 8.7 20.9 STCrFd 10.00 0.02 1.2 NS FrankTemp/Franklin R: Harbor Funds: LmtdTrmMunInc p 11.40 0.02 2.4 4.8 RetCho2030 14.20 0.20 8.5 15.9
StraValDivIS 6.28 0.04 8.5 22.4 FF2015A 12.65 0.16 8.4 14.7 LtdTmBdFd n 11.53 0.02 1.6 5.1 STCrFdClF 10.00 0.02 1.2 NS FrkGrthR6 89.28 1.49 16.5 39.0 Bond n 11.60 0.06 3.4 8.5 MdCpCEq 23.51 0.38 9.5 14.3 RetCho2040R4 14.97 0.26 10.5 18.7
TtlRtnBdI 10.90 NA NA NA FF2020 n 16.13 0.22 9.3 17.5 MagellanK 97.90 1.97 13.7 32.7 First Eagle Funds: FrkIncR6 2.34 0.03 5.4 8.7 CapApInst n 68.75 2.16 21.4 39.2 MidCpGwth p 38.68 0.36 15.1 21.2 RetCho2045 15.07 0.26 10.6 19.2
UltraShortI 9.12 0.00 1.1 3.2 FF2020A p 13.63 0.19 9.1 15.7 MagIn n 98.02 1.97 13.6 32.3 AmericaI 36.80 0.50 12.3 9.3 FrkSmCpGrR6 21.70 0.28 9.0 14.5 CapApInv pn 66.59 2.09 21.1 37.7 ModeAlloc p 13.32 0.15 7.0 9.5 RetCho2050R4 13.43 0.24 10.8 19.3
Federated R6: FF2025 n 13.93 0.21 10.0 18.5 MAMun n 12.18 0.04 3.4 10.9 GlbA 58.49 0.85 7.8 14.6 MutShrR6 30.11 0.31 6.7 18.6 HiYBdInst nr 10.17 0.06 4.5 10.3 MunInA 13.40 0.04 4.1 12.5 RetLiv2020 10.84 0.14 8.5 15.2
TtlRtnBdL 10.90 NA NA NS FF2025A p 13.53 0.19 9.8 16.5 Manager40 n 11.46 0.12 6.9 13.5 OverseasA 24.62 0.40 10.0 10.3 TempGlbBndR6 12.35 0.11 4.9 5.6 IntlInst nr 68.79 1.41 17.8 1.9 RealEst p 21.53 0.27 4.2 22.2 RetLiv2025 11.49 0.16 9.7 16.9
Fidelity: FF2030 n 17.35 0.30 11.7 20.9 Manager60 n 12.18 0.18 9.6 16.6 US Val A t 20.47 0.26 5.4 15.5 TmpGlbTotRtnR6 12.50 0.12 5.1 6.4 IntlInv tn 68.11 1.39 17.5 0.8 SmCpGr 36.59 0.43 12.0 28.5 RetLiv2030 11.79 0.19 11.0 18.4
500IdxInst 86.05 1.20 11.0 32.4 FF2035 n 14.49 0.27 12.9 22.6 McpVl n 26.37 0.21 6.4 22.6 US Val I r 20.79 0.26 5.5 16.4 TmpGrthR6 26.53 0.57 12.7 9.0 MdCpVal Inst n 22.87 0.33 4.8 23.1 SmCpValA t 20.06 0.41 7.2 15.3 RetLiv2035 12.25 0.22 12.0 19.4
500IdxInstPrem 86.05 1.20 11.0 32.5 FF2035A t 14.15 0.25 12.6 20.2 MegaCpStk n 18.82 0.23 8.2 25.6 First Investors A: TmpFrgnR6 7.76 0.20 13.0 2.5 SmCpValInst n 33.32 0.64 9.5 36.5 Invesco Funds C: RetLiv2040 12.24 0.23 12.6 20.3
500IdxInv n 86.04 1.20 11.0 32.2 FF2040 n 10.17 0.19 12.9 22.7 MidCap n 37.14 0.54 9.9 23.6 EqIncmA 10.52 0.10 6.7 20.1 FrankTemp/Mutual A&B: Harding Loevner: BalancedRiskAllC 10.37 0.11 2.0 5.4 RetLiv2045 12.14 0.23 12.6 20.4
500IdxPrem n 86.05 1.20 11.0 32.4 FF2040A p 15.15 0.27 12.6 20.2 MidCapEnIdx nr 15.12 0.20 7.8 26.4 GroInA p 22.90 0.28 8.3 15.7 Beacn A 16.77 0.21 10.5 22.1 EmgMktsAdv 54.50 NA NA NA DivrsDiv t 19.56 0.13 2.9 22.8 John Hancock Funds A:
EmgMktIdxPrem n 10.47 0.47 23.8 6.5 FF2045 n 11.50 0.22 13.0 22.7 MidCapStkK r 37.16 0.55 10.0 24.1 IncomeA p 2.51 0.01 4.3 8.8 Europ A p 20.48 0.29 9.8 8.6 IntlEq 21.25 NA NA NA Eq IncC 10.82 0.08 4.6 18.0 BalA 19.85 0.21 7.1 15.4
ExtMktIdxInstPre 59.53 0.73 8.5 25.3 FF2050 n 11.56 0.22 13.0 22.7 MIMun n 12.18 0.04 3.5 11.1 OppA p 40.76 0.41 9.6 17.7 Shares A 29.79 0.30 6.5 17.2 Hartford Funds A: EqWtdC 54.43 0.74 8.6 24.2 BondA p 15.90 0.05 3.3 8.6
ExtMktIdxInv n 59.54 0.73 8.5 25.1 Free2055 n 13.01 0.25 13.0 22.6 MtgSec n 11.25 0.03 1.6 7.4 TotRtA p 19.68 0.17 5.6 11.2 FrankTemp/Mutual C&R: BalanA 22.95 0.38 8.6 18.0 TEHYC 10.02 0.03 5.4 18.4 DispVal 21.50 0.17 7.8 21.8
ExtMktIdxPrem nr 59.54 0.72 8.5 25.2 Free2055K 13.30 0.24 12.9 23.0 MuniInc n 13.14 0.06 4.1 11.6 TxExIncmA 9.50 0.02 2.1 7.9 Shares C t 29.36 0.29 6.1 14.6 BalIncA 14.42 0.13 5.6 18.0 Invesco Funds Instl: DispValMdCp 22.38 0.31 7.9 33.0
GblexUSIdxInst 12.79 0.36 17.6 5.1 FreedomK2010 13.28 0.15 7.5 14.8 NASDAQ nr 83.21 2.11 17.8 46.8 FMI Funds: FrankTemp/Temp A: CapAppA p 40.86 0.59 14.9 23.3 IntlGrow 35.78 0.93 16.2 6.5 FunLgCpCorA p 49.51 0.87 12.1 34.4
GlexUSIdxInstPre 12.80 0.37 17.6 5.2 FreedomK2015 14.02 0.19 8.7 16.8 NewInsights Z 31.19 0.66 16.7 31.8 ComStkInvst n 27.91 0.13 6.8 20.2 DvMk A p 20.06 1.00 26.8 7.2 Chks&Bal p 10.20 0.11 8.8 19.0 SmCpGr 40.75 0.49 12.3 30.0 LifeBal 15.57 0.21 9.1 13.5
 M30 BARRONS July 17, 2017

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
LifeConsv 13.10 0.10 4.7 7.5 Intl Eq R6 18.49 0.44 14.3 NS Growth n 40.48 0.27 14.1 37.2 IntrinsicValInst 16.33 0.37 10.9 23.6 GblStrIncmC 3.95 0.03 3.9 3.8 TotRetA 10.23 0.05 3.3 6.9 R2015 n 15.29 NA NA NA GlbRealEstZ 23.82 0.18 5.2 8.0
LifeGrw 16.46 0.28 11.4 16.3 IntlStrEq n 14.57 0.33 16.1 0.5 Value n 40.39 0.74 8.6 26.7 LgShInst 14.07 0.13 8.9 8.9 GlbOppC p 52.68 1.52 28.1 53.7 PIMCO Funds C: R2020 n 22.32 NA NA NA Growth 36.48 1.14 21.5 39.5
LifeMod 14.11 0.14 6.7 10.5 Legg Mason A: Metropolitan West: MultCpOptyInst 18.78 0.32 14.2 31.2 GloblC p 84.46 1.37 21.8 21.2 AllAssetAuth 8.86 NA NA NA R2025 n 17.15 NA NA NA HiYldZ 5.58 0.04 5.7 15.8
RgBkA 25.89 -0.32 1.8 60.4 GrowFdClA 17.00 NA NA NA IntmBdI 10.42 0.03 1.8 4.9 SocRespInst 37.89 0.62 11.1 28.8 MnStFndC 49.34 0.64 10.3 28.5 IncomeFd 12.37 NA NA NA R2030 n 25.17 NA NA NA HlthSciZ 48.82 0.45 24.6 39.4
StrIncA p 6.49 0.01 3.2 6.4 Legg Mason C: LowDurBd n 8.73 0.01 0.9 2.6 StrIncInst 11.14 0.06 5.0 9.0 RisingDivC p 17.07 0.18 9.6 17.2 InvstGrCorBd 10.53 NA NA NA R2035 n 18.35 NA NA NA MdCpGrZ 39.83 0.49 13.2 21.9
USGlobLdrs 46.26 0.63 18.9 38.1 CMOpporTrC r 22.09 0.48 22.5 23.9 LowDurBdI 8.73 0.00 1.0 3.1 Neuberger Berman Inv: SenFltRtC 8.13 0.01 1.3 8.0 TotRetIncC 10.23 0.05 2.9 4.5 R2040 n 26.30 NA NA NA SmallCoZ 26.82 0.32 10.6 24.7
John Hancock Funds C: ValueTrC 75.88 1.28 7.9 20.5 TotRetBd n 10.65 0.03 2.1 6.4 Focus n 27.59 0.55 14.5 26.2 StlpathMLPAlphFd 6.75 0.08 -3.0 -19.6 PIMCO Funds D: RealAssets nr 10.86 NA NA NA TRBdZ 14.42 NA NA NA
LifeBal 15.57 0.21 8.7 11.1 Litman Gregory Funds: TotRetBdI 10.65 0.03 2.3 7.2 Genes n 34.69 0.28 6.0 26.7 StlpathMLPAlphFd 8.42 0.13 -2.2 -20.9 FrgnBd n 10.51 NA NA NA RealEst n 28.15 0.26 -0.1 21.2 Prudential Funds:
LifestyleGrw 16.43 0.28 11.0 13.8 Intl Inst 17.32 0.39 17.3 -0.7 TRBdPlan 10.02 0.03 2.3 7.3 Guard n 16.98 0.24 13.7 24.4 Oppenheimer N: IncomeFd n 12.37 NA NA NA Ret2015A p 15.22 NA NA NA SmCapVal n 21.41 0.16 -0.9 26.0
John Hancock Instl: Longleaf Partners: UnconstrBdI 11.95 0.01 2.5 7.2 IntlEqInst r 12.52 0.28 17.7 14.0 DevMktsN t 38.14 1.40 22.3 -0.4 InvstGrCorBd n 10.53 NA NA NA Ret2025A p 17.05 NA NA NA Putnam Funds Class A:
DispValMCI 23.20 0.32 8.1 34.0 Intl n 16.11 0.27 19.1 3.5 UnconstrBdM n 11.96 0.01 2.4 6.3 LCVal n 31.44 0.21 5.2 22.8 Oppenheimer Y: LowDur n 9.85 NA NA NA Ret2045 n 17.74 NA NA NA CATx p 8.12 0.02 3.8 11.5
FunLgCpCorI 51.56 0.91 12.3 35.5 Partners n 27.72 0.46 9.3 4.8 MFS Funds Class A: Soc Resp n 37.85 0.63 11.0 28.1 DevMktY 39.20 1.44 22.6 1.1 RealRtn n 10.93 NA NA NA Ret2045R 17.41 NA NA NA CapSpec 37.70 0.54 15.0 12.5
IncomeI 6.48 0.01 3.4 7.4 Sm-Cap n 28.73 0.14 4.5 21.2 AgGrAlA p 22.23 0.37 13.7 20.6 Neuberger Berman Tr: GlblOppY 59.78 1.74 28.8 58.4 TRtn n 10.23 0.05 3.4 7.2 Ret2055 n 14.95 NA NA NA DvrIn p 7.05 -0.01 3.9 3.0
StratIncmOppI 10.89 0.04 4.1 10.8 Loomis Sayles Fds: BondA p 14.07 0.07 4.1 10.6 Genes n 63.48 0.51 6.0 26.4 GloblY 91.54 1.49 22.4 24.9 PIMCO Funds Instl: RetBal Inc n 15.43 NA NA NA DynAABalA 15.09 0.15 7.7 18.8
USGlbLdrsGrwI 49.27 0.68 19.1 39.2 HiInc 6.99 0.06 6.6 9.3 CoEqyA 30.19 0.44 13.6 31.9 GenesisFdR6 60.20 0.49 6.1 27.7 IntGrowY 40.80 0.93 17.6 9.3 ComPLUSStrtgyFd 5.64 NA NA NA SciTec n 45.83 NA NA NA DynAAGthA 17.25 0.23 10.1 21.2
JPMorgan A Class: LSBondI 14.29 0.12 6.7 5.7 ConAllA p 15.53 0.15 6.8 11.4 Nicholas Group: IntlBdY 5.88 0.05 7.4 7.1 HiYldSpec 10.04 NA NA NA Sht-Bd n 4.72 0.00 1.1 3.1 EqIn p 22.77 0.28 7.9 22.6
CoreBond 11.64 0.05 2.5 7.1 LSBondR pn 14.21 0.12 6.5 4.7 Growth A p 84.97 1.93 20.1 37.9 Nch II I n 28.18 0.43 15.3 29.8 IntlSmCoY 45.62 0.89 24.2 35.7 IncomeFd 12.37 NA NA NA SmCapStk n 47.98 NA NA NA GeorgePutBal 19.01 0.22 8.6 20.3
CorePlusBd p 8.28 0.04 2.8 8.3 LSCorBndA p 12.90 0.07 3.2 5.6 GlEqA 42.36 0.79 17.0 22.5 Nich n 62.30 0.98 10.9 17.7 MnStFndY 51.64 0.67 10.8 32.4 InflRespMulAsset 8.61 NA NA NA SmCapVal n 47.04 NA NA NA GlbHlthCare p 58.20 0.68 15.9 24.5
EqInc p 15.78 0.09 6.2 25.5 LSFixIncl 13.81 0.10 6.4 7.1 GlTotA p 17.67 0.23 9.7 11.6 Northern Funds: MnStSmCapY 30.82 0.30 8.4 20.0 RAEFndmlPLUSIntl 9.61 NA NA NA SpecGr n 24.15 NA NA NA GlblEqty p 14.37 0.34 16.5 12.5
EqIndx p 37.98 0.53 10.8 30.7 LSSmCpVal 35.41 0.31 1.2 26.5 GrAllA p 20.17 0.30 11.4 17.7 ActMEmgMktEq nr 19.77 0.92 23.3 4.0 OppenheimerRochester: SeniorFloRate 9.95 NA NA NA SpecInc n 12.68 NA NA NA GrOpp p 28.99 0.65 19.0 34.2
GwthAdv p 18.40 0.35 21.3 39.8 LSStrIncA p 14.80 0.10 6.4 4.8 GvScA p 9.83 0.03 1.4 4.0 ActMIntlEq nr 10.84 NA NA NA LtdNY C p 2.90 0.00 0.3 3.7 UnconstrndBdFd 11.01 0.02 4.4 8.2 SpecIntl n 13.76 NA NA NA Incm p 6.92 0.01 3.7 3.9
HighYld p 7.43 0.05 4.3 10.1 LSStrIncC t 14.92 0.10 6.0 2.4 IntlDvFdA t 18.33 0.44 19.3 12.4 BdIdx n 10.55 0.04 2.3 7.5 RchHiYldMuniA 7.28 0.00 8.6 27.4 PIMCO Funds P: SuMuInc n 11.88 0.03 3.7 12.3 Inv p 25.68 0.41 10.0 25.4
Inv Bal p 15.54 0.17 7.4 14.6 SmCpGI 26.09 0.31 15.7 30.1 IntlVA t 41.07 0.94 17.7 25.2 EmMktsEqIdx nr 11.80 0.52 23.8 4.7 RchHiYldMunC 7.25 0.00 8.2 24.6 All Asset 11.90 NA NA NA SuMuInt n 11.90 0.04 3.2 8.8 MultiCpGr p 85.95 1.79 18.1 33.5
InvCon p 12.90 0.11 5.3 10.5 Lord Abbett A: IntNwDA p 32.15 0.66 18.9 13.2 FixIn n 10.18 0.04 2.4 7.1 RoMu A p p 15.19 0.01 6.4 23.7 AssetAllAuthP 8.87 NA NA NA TF Incom n 10.16 0.03 3.3 11.0 NYTx p 8.53 0.03 3.3 10.8
InvG&I p 17.63 0.25 9.4 17.9 Affiltd p 16.25 0.13 7.2 26.0 MCpValA p 22.69 0.25 7.1 22.6 GlbREIdx nr 10.37 0.19 7.7 12.5 RoMu C p 15.15 0.01 5.9 20.6 CommdtyRR 6.46 NA NA NA TFHY n 11.99 0.03 4.6 15.9 StDurInc 10.06 0.01 0.8 2.1
InvGrwt p 20.76 0.35 11.7 22.8 BdDeb p 8.15 0.05 5.2 15.2 MIGA p 27.02 0.45 17.0 31.2 HiYFxInc n 6.86 0.05 4.3 8.5 Optimum Funds Inst: FrgnBdUSH 10.51 NA NA NA TFSI n 5.61 0.01 2.0 3.3 TFHY 12.48 0.03 4.9 16.0
LgCpGwth p 39.35 0.91 24.5 40.0 CalibrDivGr 14.90 0.08 7.5 27.1 MITA p 31.48 0.45 14.0 30.8 IntlEqIdx nr 12.34 0.28 16.9 5.8 Fixed Inc 9.56 0.05 3.2 6.4 IncomeP 12.37 NA NA NA TotIndex n 28.03 0.38 10.6 30.8 TxEx p 8.60 0.02 3.5 10.7
MdCpGrw p 28.43 0.37 17.2 24.6 DevGt p 20.70 0.30 15.3 7.9 ModAllA p 17.54 0.21 9.0 14.5 IntTxExpt n 10.53 0.03 2.9 8.4 Intl Eqty 13.74 0.37 20.7 10.8 InvstGrCor 10.53 NA NA NA VABond n 12.01 0.04 3.0 10.9 USGv p 12.87 -0.03 0.3 1.4
MdCpVal p 38.10 0.27 6.9 26.3 FloatRt p 9.17 0.01 1.6 10.7 MuHiA 8.21 0.02 5.1 18.1 MidCpIdx n 19.15 0.20 7.0 30.0 LgCpGrwth 19.45 0.46 21.3 39.4 LwDurP 9.85 NA NA NA Value n 37.07 0.39 10.2 24.8 Putnam Funds Class C:
Sm Cap p 48.98 0.27 7.3 33.8 FundlEq p 13.55 0.09 4.7 22.6 MuInA p 8.77 0.03 4.0 12.8 ShIntTaxFr n 10.36 NA NA NA LgCpVal 15.95 0.11 7.4 16.0 RealRtnP 10.93 NA NA NA Price Funds - Adv Cl: CapSpec 36.00 0.50 14.5 9.9
SR2020 p 19.36 0.24 8.0 14.4 HiYldA t 7.66 0.03 5.2 16.0 MuLtA 8.15 0.02 2.7 5.7 SmCapIdx n 13.42 0.12 6.0 27.4 Osterweis Strat Income: ShtTm 9.85 NA NA NA BlChip p 88.17 2.15 23.0 43.4 DivInc t 6.92 -0.02 3.5 0.7
SR2030 p 20.66 0.34 10.7 17.3 HYMuniBd p 11.75 0.01 5.1 17.8 ReInA p 18.01 0.41 18.2 4.3 SmCpVal n 24.21 0.10 0.4 27.7 OsterweisStrInc n 11.38 0.06 3.8 11.7 TotRtP 10.23 0.05 3.5 7.8 CapAppA p 28.47 0.29 9.8 29.8 Putnam Funds Class Y:
SR2040A p 21.58 0.40 12.3 19.2 IncomeA p 2.85 0.01 4.4 9.6 ResBdA t 10.72 0.04 2.8 7.2 StkIdx n 29.63 0.42 11.0 32.1 Pioneer Funds A: Growth p 63.56 NA NA NA AR700 12.05 0.05 5.5 9.8
USEquity 16.09
USLgCpCorePlA p 31.02
0.25
0.55
10.9
11.3
29.4
27.6
IntrTxFr
MidCapStk
10.80
30.19
0.02
0.34
3.8
5.2
9.4
23.0
RschA p
TotRA p
42.24
19.12
0.68
0.14
13.8
7.0
30.0
19.0
TxExpt n
Nuveen Cl A:
10.67 0.04 3.1 11.2 PQ AMTFreeMuniA p p 14.55
BondA 9.71
0.07
0.03
4.6
2.4
13.7
8.1
MCapGro p
R2010A t
84.69
18.42
NA NA NA
NA NA NA
CapSpec
EqInc
38.08
22.78
0.54 15.1 13.3
0.28 8.0 23.6
ValAdv t 33.66 0.20 4.9 22.5 MultiAstBalOppty 11.86 0.12 5.8 11.2 UtilA p 20.00 0.50 11.9 4.8 AAMunBd p 11.55 0.05 4.9 14.6 PACE Funds Cl P: CoreEqA 20.24 0.33 12.4 24.6 R2020A p 22.15 NA NA NA EqSpec 42.34 0.61 17.2 6.9
JPMorgan C Class: MultiAstGro 17.72 0.21 6.3 14.2 ValueA p 39.46 0.26 10.2 30.1 HiYldMuBd p 17.09 0.07 6.9 20.5 IntlEqty P 15.94 0.40 15.5 7.1 DiscGrA 18.75 0.40 15.0 30.5 R2030A p 24.93 NA NA NA Incm 7.03 0.01 3.9 4.8
CoreBond p 11.71 0.05 2.2 5.0 MultiAstInc 14.77 0.14 5.5 9.5 MFS Funds Class C: LtdMnBd p 10.98 0.02 2.7 4.4 LgGrEqty P 25.68 0.57 18.3 31.5 EqIncA 34.33 0.36 5.3 31.6 R2035A 18.24 NA NA NA StDurInc 10.07 0.01 0.8 2.4
InvBal p 15.31 0.17 7.1 12.8 ShDurTxFr 15.63 0.02 1.8 2.4 ConAllC p 15.30 0.14 6.3 8.9 Nuveen Cl C: LgVEqty P 23.58 0.21 5.3 25.0 HiYieldA p p 9.79 0.06 5.5 8.6 R2040A p 26.05 NA NA NA
InvConsvGr t
ValAdv t
12.84
33.45
0.10
0.20
5.0 8.9
4.6 20.7
ShtDurIncmA p 4.29
TaxFr p 11.28
0.00
0.03
1.5
4.3
5.8
13.2
Growth C t
GrAllC p
69.27
19.74
1.57 19.7 34.8
0.29 11.0 15.0
HYMunBd t
Nuveen Cl R:
17.08 0.07 6.7 18.6 StraFxd P
StratInvP
13.74 NA NA NA
10.67 NA NA NA
MdCapVa
PioFdA
25.39
31.84
0.38
0.38
4.5
10.7
17.8
25.0
Ret2045-A p
Ret2050-A p
17.62
14.79
NA NA NA
NA NA NA
R
JPMorgan Funds: TotRet p 10.39 0.04 2.7 7.5 ModAllC p 17.24 0.21 8.5 11.9 CAMunBd 11.19 0.04 4.2 16.2 Pacific Life Funds: SelMCGrA 40.21 0.69 14.6 23.2 SciTec p 45.28 NA NA NA RBB Fund:
DiscEqL 26.00 0.38 10.9 25.5 ValOpps p 20.20 0.13 4.1 21.4 TotRC t 19.22 0.13 6.5 16.3 DivVal I 15.31 0.13 6.4 22.6 PortOptModAggClA p 15.23 NA NA NA StratIncA p p 10.79 0.03 3.4 9.2 SmCapVal p 46.71 NA NA NA BPL SEqInst 21.31 0.30 -2.5 11.1
Dvrsified L 17.64 0.28 10.4 17.8 Lord Abbett C: UtilC t 19.89 0.50 11.5 2.4 HYMunBd 17.09 0.07 7.0 21.2 PortOptModClA r 14.16 NA NA NA Pioneer Funds C: TF Incom p 10.17 0.03 3.2 9.9 RBC Funds:
Fl EmMktEq L 26.90 1.16 27.4 10.8 BdDeb 8.17 0.05 4.9 13.1 ValueC t 39.01 0.25 9.7 27.2 IntDMunBd 9.21 0.03 4.3 10.2 Parnassus Fds: StratIncC 10.56 0.03 3.1 7.1 Price Funds - R Cl: AccCpCommInvI 9.02 0.03 1.3 6.5
MdCpVal L 39.02 0.28 7.2 28.1 FloatRt p 9.17 0.00 1.2 8.5 MFS Funds Class I: LmtTrmR 10.94 0.02 2.8 5.1 ParnEqFd n 42.10 0.50 7.7 24.3 Pioneer Funds Y: BlChipR p 85.02 2.06 22.8 42.2 RidgeWorth Funds:
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USEquity L 16.14 0.25 11.0 30.7 IntrTxFr p 10.79 0.03 3.5 7.5 BondI 14.06 0.07 4.2 11.4 NWQSmCpR 50.74 0.50 1.5 22.7 Parnsus n 49.91 0.65 11.0 34.4 BondY 9.62 0.03 2.6 9.0 GrowthR p 61.68 NA NA NA CeredexLgCpVlEqI 17.74 0.21 7.2 21.9
USSmCo L 18.62 0.11 1.7 25.8 ShtDurIncmC t 4.32 0.01 1.4 3.8 Growth I 89.89 2.05 20.3 38.9 RealEst 22.33 0.26 2.4 23.8 Pax World Fds: StratIncY p p 10.79 0.03 3.6 10.3 R2020R p 21.94 NA NA NA CeredexMdCpVlEqI 14.79 0.19 7.4 23.8
JPMorgan I Class: Lord Abbett F: IntNwDI 33.08 0.68 19.0 14.1 SmCpVal 25.23 0.07 -0.1 36.7 Balanced n 21.48 0.21 7.3 15.9 PNC Funds: R2030R p 24.72 NA NA NA CeredexSmCpVal I 12.79 0.05 -0.2 21.8
CoreBond 11.63 0.05 2.6 7.7 BdDeb 8.14 0.05 5.3 15.5 MCpValI 23.24 0.25 7.2 23.5 Paydenfunds: IntEqI p 22.38 0.65 21.1 14.1 R2040R p 25.87 NA NA NA GvSecUltShtBdI 10.03 0.00 0.7 1.7
CorePlusBd
EqInc
8.28
16.04
0.04
0.10
2.9
6.4
9.0
26.5
FloatRt p
HiYld p
9.16
7.65
0.01
0.03
1.7
5.3
10.9
16.3
MIGI p
MITI
27.71
30.68
0.46
0.44
17.2
14.1
32.1
31.7
O CoreBd n
LowDur n
10.70 0.06 3.5 9.9
10.10 0.01 1.2 3.4
SmCpI r
Price Funds:
23.73 0.16 -1.2 18.2 Ret2025-R p
Ret2035-R
16.87
18.04
NA NA NA
NA NA NA
TotRetBd I
RiverNorth Funds:
10.49 0.03 2.4 7.4

EqIndx 38.02 0.53 10.9 31.7 Income 2.85 0.01 4.5 9.9 ReInT t 18.63 0.43 18.4 5.1 Oak Ridge: LtdMat n 9.48 0.00 1.0 2.6 2050RetFd n 14.92 NA NA NA Ret2050-R 14.65 NA NA NA RNDLIncomeI 10.61 NA NA NA
GrAdv r 18.86 0.36 21.4 40.5 IntrTxFr 10.80 0.03 3.9 9.8 ResBdI 10.72 0.04 2.8 7.6 SmCpGrFdClI 36.66 0.35 8.4 11.3 Pear Tree: Balanced n 24.12 NA NA NA PRIMECAP Odyssey Fds: Royce Funds:
GvBd 10.56 0.04 1.8 6.7 ShtDurIncm 4.29 0.01 1.8 6.1 RschI 43.29 0.70 13.9 31.0 Oakmark Funds Invest: ForeignVal I r 20.81 0.60 17.2 11.4 BdEnhIdx nr 11.01 0.04 2.6 7.8 AggGrowth nr 39.89 0.99 19.2 49.7 Oppty I nr 14.16 0.26 10.2 21.6
HighYld 7.47 0.05 4.5 10.8 ShtDurTxF p 15.63 0.02 1.8 2.7 TotRI 19.11 0.13 7.1 19.8 EqtyInc nr 32.63 0.30 7.3 15.2 PolForegValOrd tn 20.83 0.60 17.0 10.5 BlChip n 89.43 2.18 23.2 44.5 Growth nr 33.56 0.70 17.2 43.9 PAMut I nr 11.69 0.14 6.1 17.5
IntlEqIndx 18.17 0.36 16.0 7.9 TotRet 10.39 0.04 2.7 7.8 UStdI p 26.24 0.28 10.0 26.5 GlbSel nr 19.27 0.36 14.6 26.2 Perm Port Funds: CA Bond n 11.51 0.04 3.7 12.2 Stock nr 29.58 0.54 14.3 39.8 PremierI nr 17.04 0.18 9.9 15.3
IntmdTFBd 10.85 0.03 2.7 7.0 ValOpps 20.57 0.14 4.2 22.0 ValueI 39.67 0.27 10.3 31.1 Global n 32.53 0.75 15.9 14.9 Permanent n 39.53 0.57 4.7 1.6 CapApp n 28.80 0.30 10.0 31.0 Principal Investors: SpecEqI nr 22.28 0.20 1.2 19.5
IntrepidVal 36.24 0.48 5.3 15.9 Lord Abbett I: MFS Funds Instl: IntlSmCp nr 17.76 0.45 21.6 16.3 PIMCO Fds Admin: CorpInc n 9.66 0.04 4.2 10.5 BdMtgIn 10.93 NA NA NA TotRet I nr 14.12 0.10 3.7 20.9
LgCpGwth 39.60 0.92 24.6 40.7 DevlpGro 23.65 0.34 15.5 8.8 IntlEq 24.18 0.51 19.3 11.8 Oakmark n 79.69 1.30 9.9 28.8 HiYldAd p 9.01 0.04 5.0 14.0 DivGro n 40.92 0.40 10.7 34.5 CapApprA p 60.34 NA NA NA RS Funds:
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

MdCpGrw 32.29 0.42 17.5 25.7 FloatRt 9.17 0.00 1.6 11.2 MLP & Energy Income I: OakmrkInt n 27.31 0.72 20.3 15.9 RealRetAd p 10.93 NA NA NA DvsfMCGr n 27.80 NA NA NA DivIntlInst 13.00 NA NA NA CoreEqVIP 49.82 0.69 8.4 22.7
MdCpVal 38.54 0.27 7.1 27.2 HiYld 7.69 0.03 5.3 16.7 MLP&EnrgyIncmI 9.19 0.21 -4.3 -20.7 Select n 46.05 1.14 7.0 21.3 ShortTrmAd p 9.85 NA NA NA DvsfSmGr n 31.96 NA NA NA EqIncIA p 29.91 NA NA NA InvQBdVIP 12.22 0.07 2.9 8.2
MidCapEq 49.72 0.51 12.2 27.0 MidCapStk 30.00 0.34 5.4 24.0 MLP Focus C: Oberweis Funds: TotRtAd p 10.23 0.05 3.4 7.3 EmgMktB n 12.62 NA NA NA FlIncA p 12.35 NA NA NA Russell Funds S:
MkExpEnhIdx 11.80 0.12 5.4 31.7 ShtDurInc p 4.29 0.01 1.9 6.4 MLPFocusC 7.65 0.13 -0.8 -15.0 IntlOpp tn 24.75 0.66 22.6 21.2 PIMCO Fds Instl: EmMktS n 39.40 NA NA NA HighYldA p 7.46 NA NA NA EmerMkts n 19.50 NA NA NA
MtgBckd 11.25 0.05 2.5 8.4 SmCpVal 25.72 0.14 1.1 21.3 MLP Focus I: IntlOppInst 11.93 0.32 22.7 21.8 AllAsset 11.87 NA NA NA EqInc n 33.33 0.33 6.8 20.5 HiYld IN 9.94 NA NA NA GblEq n 11.25 NA NA NA
ShtDurBnd 10.84 0.01 0.9 2.4 LSVValEq : MLPFocusI 8.31 0.14 -0.3 -12.4 Old Westbury Fds: AllAssetAuth r 8.87 NA NA NA EqIndex n 66.11 0.93 10.9 31.5 InfPro IN 8.52 NA NA NA IntlDvMkt n 38.78 NA NA NA
SmartR2020 19.42 0.24 8.0 14.7 LSVValEq 27.68 NA NA NA Morgan Stanley Inst: FixInc pn 11.12 0.04 1.3 3.0 CommodtyRR 6.48 NA NA NA Europe n 20.27 0.44 20.6 0.9 LgGrIN 10.00 NA NA NA RESec n 34.03 NA NA NA
SmCap 56.09 0.31 7.4 35.0 CapGrI 45.44 1.39 32.1 50.4 AlCpCore n 15.81 0.26 12.4 14.2 DivInc 10.92 NA NA NA ExtIndex nr 27.43 0.33 8.5 25.2 LgIndxI 17.01 NA NA NA ShtDurBd n 19.18 NA NA NA
SR2030 I
SR2040 I
20.71
21.64
0.34
0.40
10.7
12.4
17.6
19.5
M CapGrP p
GloFranI t
43.76
24.18
1.33
0.45
31.9 49.2
17.8 30.6
LrgCpStr n
MuniBd pn
14.38
11.97
0.26
0.04
12.1
2.4
17.6
4.8
EMFdIndPLSARStr
EmgLocBdFd
10.52
7.50
NA
NA
NA
NA
NA
NA
FinSvcs n
GlbStk n
26.88
34.49
-0.05
NA
9.2
NA
36.6
NA
LgIndxJ tn
LgValIN
16.85
12.47
NA
NA
NA
NA
NA
NA
StratBd n
TaxExBd n
10.80
22.99
NA
NA
NA
NA
NA
NA
TxAwEq 32.95 0.51 12.9 33.9 MainStay Fds A: IntlEqI 17.12 0.34 17.7 4.4 Sm&MdCapStrategi n 16.99 0.23 11.5 21.1 EmMktsBd 10.53 0.11 7.1 10.7 GlbTech n 17.49 NA NA NA LT2010In 13.57 NA NA NA TxMngUSLgCp n 37.71 NA NA NA
TxAwRRet I 9.47 0.03 1.4 1.2 HiYldBdA 5.78 0.03 3.8 14.1 IntlEqP p 16.88 0.34 17.5 3.2 StratOpp n 8.05 0.08 8.2 11.3 EmrgMktCur 9.19 NA NA NA GNMA n 9.26 0.02 0.8 5.1 LT2020 In 14.15 NA NA NA USSmCpEq n 32.84 NA NA NA
USEquity 16.12 0.25 11.0 30.2 IncBldr 19.53 0.21 7.4 12.7 Munder Funds Cl A: Oppenheimer A: ExtdDur 7.70 NA NA NA Gr&In n 28.24 0.34 12.9 34.0 LT2020J tn 14.07 NA NA NA Russell Instl I:
USLgCpCorPls 31.35 0.56 11.5 28.6 LgCpGrA p 9.82 0.23 22.0 33.6 MndrMdCpCGroA t 37.83 0.51 12.9 20.7 ActiveAllA 13.87 0.22 12.2 15.5 FrgnBd 10.51 NA NA NA Growth n 64.92 NA NA NA LT2030In 14.48 NA NA NA StratBd n 10.64 NA NA NA
ValAdv 33.89 0.21 5.1 23.5 TxFrBdA 9.99 0.02 3.3 13.1 Munder Funds Cl Y: AMTFrNY p 11.27 0.02 4.4 20.4 FrgnBdUnd r 9.76 NA NA NA HelSci n 71.51 NA NA NA LT2030J tn 14.44 NA NA NA Russell LifePoints A:
JPMorgan Inst Class: MainStay Fds C: MndrMdCpCGroY r 39.76 0.54 13.1 21.7 CapApprA p 59.26 1.24 17.4 26.9 GlblBdII 10.29 NA NA NA HiYield n 6.76 NA NA NA LT2040I 15.33 NA NA NA BalStrat p 11.54 NA NA NA
ValAdv L 33.91 0.21 5.2 24.4 HiYldBdC t 5.75 0.03 3.4 11.4 MndrSCVClY p 39.06 0.32 1.6 21.4 CapIncA p 10.11 0.05 4.0 10.8 HiYld 9.01 0.04 5.1 14.9 InstCorePl 10.36 NA NA NA LT2040J tn 15.20 NA NA NA GwthStrat p 12.69 NA NA NA
JPMorgan R Class: MainStay Fds I: Mutual Series: CoreBdA p 6.86 0.03 2.9 8.0 InvGrdCorp 10.53 NA NA NA InstEmMEq 35.93 NA NA NA LT2050I 15.08 NA NA NA Russell LifePoints C:
CoreBond 11.64 0.04 2.6 8.3 EpochGlb r 19.14 0.29 10.5 10.8 BeacnZ n 16.93 0.22 10.7 23.1 DevMktA 39.71 1.46 22.5 0.3 LgTrmCrdtFd 11.97 NA NA NA InstFLRfd r 10.04 0.01 1.9 11.1 MdGrIII Inst 11.49 NA NA NA BalStrat p 11.32 NA NA NA
CorePlusBd 8.28 0.04 2.8 9.4 EpochUSAllCpI 29.50 0.41 12.3 29.6 EuropZ n 21.10 0.29 9.9 9.4 DiscovA p 79.22 1.34 16.9 31.2 LngDurTotRtrn 10.95 0.05 7.3 18.1 InstHiYld 9.00 NA NA NA MdValI In 14.88 NA NA NA Rydex Investor Class:
DiscEq 26.00 0.38 11.0 25.9 MAPI 42.89 0.56 12.5 22.3 GlbDiscA 33.08 0.39 8.2 16.1 EqIncA p 31.01 0.44 5.6 11.2 LowDur 9.85 NA NA NA InstlCapG 35.84 NA NA NA MidCpBldA 25.02 NA NA NA NasdaqInv n 32.92 1.02 19.9 48.5
HighYld r 7.47 0.05 4.5 11.3 S&P500Idx 51.28 0.72 10.9 31.2 GlbDiscC t 32.58 0.38 7.8 13.6 EqInvA 17.52 0.36 15.9 17.4 LTUSG 6.11 0.02 4.8 15.7 InstLCCoreGr 34.22 0.83 23.1 45.0 PreSecI 10.44 NA NA NA
LimDurBd
MtgBckd
10.04
11.24
0.01 1.3 4.3
0.04 2.5 8.8
TRBd
Mairs&Power:
10.62 0.05 3.2 6.8 GlbDiscz n
QuestA t
33.73
15.99
0.40 8.4 17.1
0.26 4.4 10.2
FndAltFdB
GblAllocA
27.44
19.07
-0.01
0.26
2.0
10.8
6.0
14.9
ModDur
MortgageOppty
10.21
11.08
NA
NA
NA
NA
NA
NA
InstLCV
InstSmCap
22.67
23.41
0.21
NA
8.1
NA
27.1
NA
PtrLGI In
PtrLV In
13.77
16.60
NA
NA
NA
NA
NA
NA
S
ShtDurBnd 10.84 0.02 1.0 3.2 MairsPwrBal n 91.36 0.56 5.8 17.0 QuestZ n 16.22 0.26 4.5 11.1 GblStrIncmA p 3.96 0.03 4.3 6.4 RealRtnI 10.93 NA NA NA IntDis n 64.49 NA NA NA RealEstSecI 23.03 NA NA NA Schroder Funds:
SmCpEqR5 56.25 0.31 7.6 35.8 MairsPwrGr n 122.68 0.94 8.5 25.7 SharesZ n 30.10 0.31 6.7 18.1 GlbOppA p 59.18 1.72 28.6 57.3 RERRStg 8.15 NA NA NA IntEqIdx nr 13.68 NA NA NA SAMBalA p 15.99 NA NA NA NAmerEqInv n 16.17 0.20 8.5 28.4
SmCpVal 31.02 0.15 -1.8 21.5 Manning & Napier Fds: GloblA p 91.36 1.49 22.3 24.0 ShortT 9.85 NA NA NA IntlValEq n 14.73 NA NA NA SAMBalC t 15.77 NA NA NA Schwab Funds:
USEqR5
JPMorgan R5 Class:
16.14 0.24 11.0 30.8 ProBConsS n 13.82
WldOppS n 7.98
0.12 5.9 5.6
0.23 17.2 -2.6
N Gold p
IntlBdA p
16.01
5.89
0.59
0.06
10.4
7.4
-11.8
6.5
ShtAssetInv
StcksPLUSIntlHdg r
10.06
8.28
NA
NA
NA
NA
NA
NA
IntlBond n
IntlStk n
8.81
18.32
0.08
NA
6.9
NA
-5.8
NA
SAMGrA p
SGI In
18.22
13.30
NA
NA
NA
NA
NA
NA
1000 Inv nr
CoreEq n
59.47
23.07
0.82
0.31
10.9
12.9
30.5
28.7
SR2020 R5 19.44 0.24 8.1 15.1 UnconBdClS n 10.48 0.02 2.3 4.7 Nationwide Fds R6: IntlDivA 16.83 0.45 21.4 13.4 StcksPLUSIntUnh 6.68 NA NA NA ISX Fd 13.38 0.20 13.2 34.4 SmCVII IN 13.03 NA NA NA DivEqSel n 16.45 0.09 5.9 17.4
SR2030 R5 20.76 0.34 10.8 18.1 Mass Mutual: BdIdxR6 11.02 0.04 2.3 7.1 IntlGrowA p 41.00 0.94 17.5 8.5 StkPlsLgDur 7.84 NA NA NA Japan n 13.27 0.24 15.6 33.5 SmIndxI 26.40 NA NA NA FunIntlLgInst nr 9.02 0.22 14.2 3.5
SR2040 R5 21.69 0.40 12.4 20.0 SelBluChipGroClI 19.10 0.46 22.2 45.2 IntIdxR6 8.37 0.19 16.8 5.9 IntlSmCoA 45.91 0.89 24.0 34.7 StcksPLUSShort 9.21 NA NA NA Lat Am n 23.34 NA NA NA StrGrw A p 20.13 NA NA NA FunUSLgInst nr 16.11 0.19 5.8 24.3
SRIncome R5 18.36 0.19 6.3 11.5 MassMutual Select: MidCapIdxR6 18.82 0.20 7.0 29.7 LmtTermBd p 4.55 0.00 1.7 4.2 StPlTRInst r 11.33 NA NA NA MCapGro n 87.11 NA NA NA Prudential Cl A: HlthCare n 25.20 0.31 16.5 30.2
FundVlZ 12.76 0.12 7.0 23.3 S&P500IdxR6 15.64 0.21 10.9 31.9 LtdTermMuA p 4.30 -0.01 -1.8 3.0 TotRetIV 10.41 0.04 3.0 7.5 MCapVal n 30.19 NA NA NA 2020FcA 16.23 0.50 16.4 25.3 IntI Sel nr 20.01 0.45 16.9 6.0
L IdxEqI
IndxEqAdmin 20.76
20.99 0.29
0.29
10.9
10.8
32.0
30.6
Nationwide Fds Serv:
IDAggr p 10.81 0.18 10.8 18.1
MidCpValA
MnStFndA p
56.62
52.01
0.80
0.67
5.1
10.7
21.5
31.4
TotRt
TRII
10.23
9.68
0.05
0.04
3.6
3.1
8.1
7.6
MCEqGr
MD Bond n
53.39
10.78
NA
0.03
NA
3.1
NA
10.9
BlendA
Growth
21.05
34.11
0.43
1.07
12.3
21.3
21.5
38.3
IntlMstr S r nr
MT AllEq n
25.05
17.83
0.68
0.29
20.8
10.1
12.2
21.6
Laudus Funds: IndxEqR4 n 20.56 0.28 10.7 30.0 IDMod p 10.26 0.11 7.2 13.1 MnStOpA p 19.45 0.28 10.1 20.1 TotRetESG 9.10 0.04 3.2 7.8 MediaTel n 91.25 NA NA NA HiYldA 5.57 0.04 5.6 14.9 MT Gro n 22.51 0.30 8.2 19.3
USLgCpGr nr 19.96 0.50 21.4 38.9 IndxEqR5 21.03 0.29 10.9 31.6 IDModAggr p 10.93 0.17 9.5 16.2 MnStSmCpA p 28.77 0.28 8.3 19.1 PIMCO Funds: N Amer n 48.89 NA NA NA HlthSci 44.66 0.41 24.4 38.2 S&P Sel n 38.21 0.53 11.0 32.1
Lazard Instl: MCGrEqIII 21.29 0.26 16.0 38.6 Natixis Funds: ModInvA 11.85 0.15 9.3 13.4 TotRet 10.23 0.05 3.2 6.1 N Asia n 19.23 NA NA NA MdCpGrA 37.31 0.46 13.0 20.8 SmCp Sel nr 29.80 0.28 6.0 28.0
EmgMktEq 18.80 0.89 17.8 -1.8 MCpGrEqIIS 21.13 0.26 15.9 38.2 InvGradeBdA p 11.26 0.10 5.3 3.9 RisingDivA 19.89 0.22 10.1 19.9 PIMCO Funds A: N Horiz n 51.68 NA NA NA NatlMuA 14.90 0.04 3.2 10.4 SmCpEqSel nr 22.50 0.26 2.8 24.8
GlbLstInfr 16.56 0.28 17.2 45.6 Matthews Asian Funds: InvGradeBdC 11.14 0.09 4.9 1.5 RochAMTFrMuni 7.06 0.02 7.7 23.6 AllAsset 11.88 NA NA NA N Inc n 9.48 NA NA NA SmallCoA p 25.02 0.31 10.5 23.7 Trgt2020 nr 14.30 0.15 7.8 14.3
IntlEq 18.51 0.45 14.3 2.7 AsiaDivInv nr 18.62 0.46 21.1 21.7 InvGradeBdY 11.26 0.09 5.5 4.6 RochCAMuni 8.47 0.01 5.9 19.9 AllAssetAuth 8.87 NA NA NA New Era n 33.19 NA NA NA STCorpBd 11.07 0.03 1.8 5.1 Trgt2030 nr 15.50 0.21 10.3 18.1
IntStrtEq r 14.48 0.34 16.4 1.4 ChinaInv n 21.00 1.04 35.7 30.8 LSGrowthY 14.47 0.34 20.7 48.5 RochLmtTrNYMuni p 2.92 0.00 0.7 6.0 HiYld 9.01 0.04 4.9 13.7 OverS SF nr 10.65 NA NA NA TRBd p 14.47 NA NA NA Trgt2040 nr 16.40 0.26 11.9 20.5
USEQ Concen Inst 15.42 0.25 8.9 35.9 IndiaInv nr 32.23 0.26 25.7 50.7 Neuberger Berman Fds: SenFltRtA 8.12 0.01 1.7 10.5 IncomeFd 12.37 NA NA NA PSBal n 23.79 NA NA NA Utility 14.08 0.24 9.9 12.7 TSM Sel nr 43.93 0.59 10.5 30.7
Lazard Open: JapanInv nr 21.53 0.38 14.3 32.2 EqIncInst 12.92 0.14 5.5 19.8 Oppenheimer C & M: InvstGrCorBd 10.53 NA NA NA PSGrow n 32.93 NA NA NA Prudential Cl C: TxFrBd n 11.72 0.04 3.4 8.5
EmgMktEqO n 19.31 0.92 17.7 -2.5 Merger Fd pn: GenesInst 60.19 0.48 6.1 27.4 ActiveAllC t 13.53 0.22 11.8 13.0 LowDurA 9.85 NA NA NA PSInc n 19.22 NA NA NA EqInc 14.90 0.20 6.3 7.2 USSmCoIdx nr 14.62 0.15 3.3 24.4
GLIP Open n 16.59 0.28 17.0 44.5 Merger Fd pn 16.01 -0.03 2.2 2.5 HiIncBdClR6 8.80 0.06 4.2 10.2 DevMktsC t 37.15 1.36 22.0 -1.9 RealRtnA 10.93 NA NA NA R2005 n 13.66 NA NA NA TRBd 14.45 NA NA NA Scout Funds:
IntlEqO pn 18.70 0.45 14.2 1.9 Meridian Funds: HiIncBdInst 8.80 0.06 4.2 9.9 EqIncC t 24.78 0.35 5.2 8.7 ShtTmA 9.85 NA NA NA R2010 n 18.53 NA NA NA Prudential Cl Z & I: CorePlBdInst n 31.63 0.12 2.2 6.7
 July 17, 2017 BARRONS M31

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
Intl n 23.83 0.60 15.4 9.9 Templeton Instit: S&P500IdxRet 27.40 0.38 10.8 31.3 WldGr n 31.92 0.61 17.3 22.8 STFedAdml n 10.69 0.01 0.8 3.3 MuInt n 14.16 0.05 3.4 9.4 ExtndInst 78.45 0.95 8.5 25.2 Hi IncA 6.79 0.02 5.1 10.4
MidCap nr 18.45 0.26 11.3 31.8 IntlEqSer Primar 21.55 0.54 15.5 3.5 ShTrmBdInst 10.35 0.01 1.3 4.3 VALIC: STIPSIxAdm n 24.68 0.04 0.2 -0.1 MuLong n 11.61 0.04 3.9 13.2 FTAlWldIst r 100.82 2.78 17.5 6.7 HilncY p 6.79 0.02 5.3 11.2
UnconstrndBdFd n 11.84 0.02 1.8 4.8 Third Avenue: SmCpBl IdxInst 20.85 0.19 6.1 28.7 CoreBd 11.02 0.06 2.9 7.6 STIGradeAdml n 10.69 0.03 1.7 6.0 MuLtd n 10.98 0.02 2.1 4.0 FTScinst 16.05 0.24 12.9 35.8 MunHiA 4.74 0.00 2.5 12.4
SEI Portfolios: REVal Inst nr 33.44 0.86 12.0 16.7 SmCpEqInst 19.59 0.19 6.1 33.3 CoreVal 12.36 0.11 7.3 30.0 STsryAdml n 10.64 0.02 0.6 2.7 MuSht n 15.80 0.01 1.1 2.1 GrwthInst 66.76 1.38 17.2 35.3 NCcptA p 10.76 0.13 14.5 20.3
CoreFxIn F 11.27 0.05 2.8 8.6 ValueInst n 55.09 0.71 9.4 11.0 SmCpEqRet 19.14 0.19 6.0 32.3 FrgnVal 10.67 0.25 12.5 0.2 TotBdAdml n 10.76 0.03 2.4 7.7 OHLTte n 12.57 0.05 3.8 13.6 InPrSeIn 10.45 0.06 0.9 1.9 NCcptY r 12.12 0.14 14.6 21.3
EMktDbt F 10.21 NA NA NA Thompson IM Fds,Inc: SocChEqInst 18.27 0.25 10.7 26.7 GlobEq 8.49 0.40 26.9 8.0 TotIntBdIdxAdm n 21.65 0.06 0.4 10.7 PrecMtlsMing nr 10.14 0.37 7.9 -10.6 InstIdx 224.23 3.14 11.0 32.4 Sc TechA 16.39 0.51 20.2 15.3
HiYld F 7.27 0.03 4.8 13.0 Bond n 11.46 0.03 3.7 8.8 Tocqueville Funds: HighYdBd 7.68 NA NA NA TotIntlAdmIdx nr 28.53 0.78 17.5 6.6 Primcp nr 123.40 2.53 17.4 43.0 InstPlus 224.25 3.14 11.0 32.5 ScTechY r 18.49 0.58 20.3 16.2
IntlEmg F 11.63 NA NA NA Thornburg Fds: Gold tn 35.81 1.02 6.0 -20.2 HlthSci 20.71 0.21 21.4 45.2 TotStAdml n 61.45 0.83 10.6 31.0 PrmcpCor n 25.64 0.45 15.6 41.2 InstTStIdx 55.15 0.75 10.5 31.1 SmCapA p 17.49 0.15 14.2 32.4
IntlEq F 10.81 NA NA NA IncBuildA t 21.02 0.22 7.5 8.2 IntlVal pn 16.70 0.41 16.8 16.1 InflPro 11.06 0.07 2.7 0.9 TxMBal nr 29.51 0.26 7.0 20.1 SelValu nr 31.43 0.44 9.2 20.9 InstTStPlus 55.15 0.74 10.5 31.2 VangA 10.62 0.24 16.4 32.1
IntMuni F 11.69 0.04 3.5 8.6 IncBuildC p 21.00 0.22 7.1 5.9 Tortoise Capital: IntlEq 7.16 0.16 16.2 5.3 TxMCapAdml n 125.99 1.79 11.3 32.1 STAR n 26.09 0.38 10.9 19.5 ITBdInst 11.43 0.06 3.1 9.6 Wasatch:
LgCapGr F 33.55 0.61 15.9 27.1 IntVal I 28.18 0.73 19.8 20.9 TorMLPPipInsCl 13.79 0.35 -0.6 -16.9 IntlSmCpEq 18.45 0.48 22.0 20.9 TxMIn nr 13.51 0.32 16.9 8.2 STFed n 10.69 0.01 0.7 3.0 ITBdInstPI 11.43 0.06 3.1 9.6 CoreGr n 64.47 0.78 10.4 36.8
LgCVal F 23.97 0.17 6.0 17.3 IntValA p 27.45 0.71 19.5 19.6 Touchstone Family Fd: MidCpIdx 27.15 0.28 7.0 29.7 TxMSC nr 56.79 0.53 3.5 33.7 STIGrade n 10.69 0.03 1.7 5.7 LaCapInst 234.36 3.27 11.2 31.8 IntlGr n 32.15 0.93 20.9 18.2
MgdVol F 17.93 0.11 6.4 28.7 LtdTIn 13.44 0.03 1.7 5.7 FocEqY 43.83 0.69 7.6 25.6 MidCpVal 21.48 0.24 6.3 19.5 USGroAdml n 89.61 2.26 18.9 36.7 STIPSixInv n 24.66 0.04 0.1 -0.3 LTBdInst 13.99 0.07 5.7 16.4 SmCapGr n 44.21 0.49 11.1 22.5
ShtGov F 10.41 0.02 0.5 2.1 LtdTIncI 13.44 0.03 1.9 6.8 SandsCapGrI 23.07 0.59 26.1 23.0 SciTech 26.79 0.96 27.0 54.7 UtilIxAd nr 57.25 0.41 8.4 36.2 StratgcEq n 34.49 0.57 6.5 28.6 LTBdInstPl 13.99 0.07 5.7 16.5 WCM Focus Funds:
TaxMgdLC F 23.41 0.27 9.7 21.7 LtdTMuA 14.43 0.03 2.4 4.2 SandsCapGrY 16.79 0.43 26.0 22.6 SmCpIdx 21.11 0.19 5.9 27.4 ValAdml n 38.03 0.30 6.2 28.9 StrSmCpEqInv n 35.89 0.51 4.0 25.4 MidCpInst 39.58 0.54 10.7 28.2 WCMFocIntlGrwIns 14.74 0.46 22.3 24.4
TaxMgdSmMdCp F 21.37 0.23 6.2 18.6 LtdTMu I 14.44 0.03 2.6 5.2 SelGrwth 16.12 0.42 25.8 21.7 SocResp 20.07 0.30 10.1 30.8 WdsrllAdml n 67.20 0.72 8.9 23.2 STTsry n 10.64 0.02 0.6 2.4 MidCpIstPl 195.21 2.66 10.7 28.2 Weitz Funds:
Selected Funds: Thornburg Fds Cl C: Transamerica A: StckIdx 37.25 0.52 10.8 31.2 WellsIAdml n 63.91 0.46 5.1 17.4 TgtRe2010 n 26.58 0.21 4.9 11.3 REITInstl r 18.23 0.23 2.5 24.4 PIIIOpp n 14.85 0.23 7.2 7.3
AmShD n 38.52 0.70 11.2 30.6 LtdTIncC t 13.42 0.03 1.7 5.0 AsAlCnsrv p 11.36 NA NA NA StraBd 11.23 0.08 4.4 8.7 WelltnAdml n 71.35 0.63 7.2 22.6 TgtRe2015 n 15.47 0.16 6.6 13.9 Rs1000GrwIdxInst 239.22 4.87 16.6 38.8 ShtDurIncInst n 12.32 0.03 1.4 5.2
AmShS pn 38.46 0.70 11.0 29.3 LtdTMuC t 14.46 0.03 2.3 3.5 AsAIGrow p 15.63 NA NA NA ValUltra 15.29 0.31 17.8 32.0 WndsrAdml n 75.96 0.91 10.6 23.5 TgtRe2020 n 30.54 0.38 8.1 16.2 Rs1000Vl IdxInst 198.92 1.53 5.3 23.6 ValueInv n 41.75 0.59 9.6 12.3
Sentinel Group: Thrivent Funds A: AsAlMod p 12.43 NA NA NA Van Eck Funds: VANGUARD FDS: TgtRe2025 n 17.83 0.24 9.1 17.5 Russ1000IdxInst 218.35 3.04 10.9 31.0 Wells Fargo Adv Admi:
ComS A p 44.95 0.57 11.9 30.3 DivrIncPlus 7.29 0.05 5.7 11.5 AsAlModGr p 13.87 NA NA NA EmgMktsY 16.23 NA NA NA AWxUSSCInv nr 41.80 0.99 17.5 7.8 TgtRe2030 n 32.11 0.47 10.0 18.4 Russ3000Idx 218.38 2.98 10.5 30.8 Growth 44.18 0.98 21.1 28.9
SmCoA p 5.26 0.04 8.5 31.5 LgCpStk 27.97 0.57 13.2 19.5 Balanced 27.09 0.29 7.4 19.4 VANGUARD ADMIRAL: CAIT n 11.79 0.04 3.7 9.8 TgtRe2035 n 19.66 0.31 10.8 19.3 SmCapInst 65.67 0.78 6.9 25.0 MdCpValAdm 37.36 0.36 4.5 26.1
Sequoia: MidCapStk 25.45 0.38 9.4 43.5 Transamerica C: 400MCpIdxInst 236.98 2.47 7.1 30.4 CapOp nr 63.87 1.34 18.7 45.6 TgtRe2040 n 33.75 0.57 11.7 20.1 SmCapIstPl 189.55 2.26 6.9 25.1 Wells Fargo Adv Cl A:
SequoiaFd n 176.38 1.05 9.7 1.5 MuniBd 11.42 0.03 3.2 10.2 AsAlGrow t 15.16 NA NA NA 500Adml n 227.24 3.18 11.0 32.4 CapValue n 12.72 0.15 5.9 1.9 TgtRe2045 n 21.17 0.37 12.1 20.7 SmGthInst 41.56 0.56 11.4 22.6 AstAllA p p 14.00 NA NA NA
Sit Funds: Thrivent Funds S: AsAlMod t 12.36 NA NA NA BalAdml n 33.06 0.32 7.3 21.7 Convrt n 13.33 0.15 5.3 7.0 TgtRe2050 n 34.06 0.60 12.1 20.7 SmValInst 29.81 0.31 3.4 26.9 CmStkA p p 23.27 0.35 7.0 19.4
DivGwth n 17.04 0.12 10.0 28.4 LgCpVal 21.74 0.22 6.3 23.7 AsAlModGr t 13.81 NA NA NA CAITAdml n 11.79 0.04 3.7 10.1 DevMktsIndInv n 10.46 0.25 16.8 7.9 TgtRet2055 n 36.87 0.65 12.0 20.5 STBdIdxInstPl 10.47 0.02 1.3 4.1 IdxAstAllA 31.54 0.27 6.5 24.1
US Gov n 10.90 -0.02 0.7 3.7 TIAA-CREF/Retail Cl: Trust for Professional Ma: CALTAdml n 12.11 0.06 4.3 13.8 DivAppIn n 37.40 0.25 10.9 27.3 TgtRe2060 n 32.54 0.57 12.1 20.5 STBDInst 10.47 0.02 1.3 4.1 OmegaGwth 49.36 0.94 20.8 23.8
SoundShoreInv n: EqIdx n 18.65 0.26 10.4 30.0 PMCDiversfdEqty n 26.53 0.41 11.1 14.8 CapOpAdml nr 147.47 3.10 18.7 45.9 DivdGro n 25.54 0.19 10.7 29.9 TgtRetInc n 13.32 0.11 4.8 11.3 STCorpIxInst p 26.65 0.07 2.1 6.4 OpptyA 45.19 0.91 11.0 22.9
SoundShoreInv n 48.32 0.78 10.0 22.6 Gro&Inc n 17.90 0.32 12.6 30.7 PerfTrstStratBdF n 22.69 0.06 4.6 16.8 CoStIxAd nr 69.20 0.26 6.1 29.5 DivrEq n 33.83 0.55 12.5 28.0 TotIntBdIxInv n 10.83 0.04 0.4 10.6 STIGradeInst 10.69 0.03 1.8 6.1 PremLgCoGrthA 15.30 0.35 20.7 24.4
Spirit of America: HighYld n 9.90 0.05 3.7 12.4 SmeadValueInstl 43.53 0.40 11.8 27.9 DivAppIdxAdm n 25.37 0.17 11.0 27.6 Energy nr 48.91 1.28 -8.8 -27.3 USGro n 34.61 0.87 18.8 36.1 STIPSIxins 24.69 0.04 0.2 0.0 SpSmCpValA p p 33.58 0.11 1.5 29.0
Energy Fund 4.63 0.09 -1.5 -32.8 IntlEq n 8.36 0.21 22.0 9.4 Tweedy Browne Fds: EMAdmr n 35.15 1.31 19.0 3.5 EqInc n 34.75 0.41 7.9 28.5 USValue n 19.00 0.23 3.7 23.9 TotBdInst 10.76 0.03 2.4 7.7 StrMunA 8.95 0.01 2.2 5.3
SSgA Funds: LrgCpGro n 18.45 0.44 20.0 37.4 GblValue n 27.92 0.39 11.5 12.4 EnergyAd nr 44.62 1.09 -13.4 -31.6 Explr n 97.36 1.30 12.5 25.1 TotBdInst2 10.72 0.03 2.4 7.5 UlStMuIncA 9.58 0.00 0.7 0.6
WellsI n 26.38 0.19 5.0 17.1
SP500 n 35.71 0.50 10.9 32.0 MgdAlloc n 12.53 0.18 9.6 17.9 Value n 22.60 0.33 8.6 8.9 EnergyAdml nr 91.79 2.42 -8.8 -27.1 EXPValFd n 34.66 0.23 3.2 20.2 TotBdInstPl 10.76 0.03 2.4 7.7 Wells Fargo Adv Cl C:
Welltn n 41.31 0.36 7.1 22.4
State Farm Associate: TIAA/CREF Funds: EqIncAdml n 72.85 0.88 8.0 28.9 FTAlWldIn nr 20.19 0.56 17.5 6.2 AstAllC p/r t 13.51 NA NA NA
Wndsr n 22.52 0.27 10.6 23.1 TotIntBdIdxInst 32.48 0.09 0.4 10.8
Balan n 65.91 0.66 5.1 17.3
Gwth n 74.96 0.84 6.6 23.0
BdIdxInst
BdPlsInst
10.83
10.46
0.04
0.04
2.3
3.3
7.6
10.2 UV EuropeAdml n 70.42
ExplrAdml n 90.54
1.64
1.21
19.8
12.6
4.5
25.6
FTAlWldInAdml n
GlbEq n
31.80
29.07
0.87
0.67
17.5
17.1
6.6
21.5
WndsrII n 37.87
VANGUARD INDEX FDS:
0.40 8.8 22.9 TotIntlInstIdx r
TotItlInstPlId r
114.08
114.10
3.10
3.10
17.5
17.5
6.7
6.7
Wells Fargo Adv Inst:
CoreBd 12.86 0.05 2.4 8.1
Muni n 8.70 0.02 2.9 8.7 BondInst 10.40 0.04 3.1 9.9 ExtndAdml n 78.46 0.96 8.5 25.2 GloMinVolFdAdm n 26.16 0.22 9.6 34.3 DJTar2020Inst R6 15.53 NA NA NA
State Farm Retail: Ultimus: 500 n 227.23 3.18 11.0 32.0 TotStInst 61.46 0.83 10.6 31.0
EnItlEqIdxInst 7.94 0.19 17.6 7.0 GNMAAdml n 10.52 0.02 1.2 7.3 GNMA n 10.52 0.02 1.2 7.0 DJTar2030Inst R6 17.53 NA NA NA
500IdxPremier 18.62 0.26 10.8 29.9 LyricalUSVlEqI n 18.72 0.41 14.0 24.3 Balanced n 33.05 0.31 7.2 21.2 TtlWrldIxInst p 140.41 2.85 13.8 18.4
EnLCGrIdxInst 12.91 0.26 15.8 40.1 GroIncAdml n 73.66 1.08 9.8 32.7 GroInc n 45.12 0.66 9.8 32.2 Growth 46.83 1.03 21.2 29.7
LP2020Premier 14.63 0.17 6.6 10.6 UM Funds: EmerMkt nr 26.77 1.00 18.9 2.9 TxMCaInst r 62.61 0.89 11.3 32.2
EnLCVal IdxInst 10.18 0.09 4.8 21.0 GrwthAdml n 66.75 1.37 17.2 35.2 HiDvdYld n 31.24 0.29 5.7 29.2 MdCpVal 37.69 0.36 4.7 27.1
LP2030Premier p 15.87 0.23 8.8 13.4 EqIdxInst 18.33 0.24 10.5 31.1 BehavVal 66.94 0.65 3.7 31.0 HltClxAd nr 74.52 0.73 18.4 37.9 HlthCare nr 213.40 2.05 18.7 35.3 Europe n 30.24 0.70 19.7 4.0 ValueInst 38.03 0.30 6.2 28.9 ShDurGovBdI 9.87 0.01 0.8 2.9
LPRetrPremier p 13.10 0.13 5.8 9.4 Gr&IncInst 13.56 0.24 12.7 32.0 BehavValA t 65.33 0.63 3.5 29.4 HlthCareAdml nr 90.02 0.87 18.8 35.5 HYCor nr 5.96 0.03 5.2 15.0 Extnd n 78.49 0.95 8.4 24.7 Victory Funds: UlStInc 8.48 0.00 0.9 3.2
State Street Institu: Gr&IncRet 13.78 0.25 12.7 30.9 USAA Group: HYCorAdml nr 5.96 0.03 5.3 15.4 InflaPro n 13.07 0.07 0.9 1.5 ExtndIstPl 193.61 2.36 8.5 25.3 EstValA 38.55 0.51 6.9 35.4 UlStMuInc 9.58 0.00 0.8 1.5
IntlEq (ICL) 13.09 0.35 14.6 5.7 HgYldInst 9.86 0.05 3.8 13.3 AgvGt n 43.85 1.05 19.3 35.2 InfProAd 25.65 0.13 0.9 1.8 IntlExplr n 20.19 0.45 23.6 20.2 FTAIWdInPl 106.77 2.95 17.5 6.7 EstValI 38.56 0.51 7.1 36.7 Westcore:
SmCapEq (ICL) 20.05 0.21 6.2 27.6 InflLkdBdInst 11.44 0.05 0.6 0.4 CA Bd n 11.04 0.03 3.4 11.5 InfTechIdx n 75.16 2.61 21.5 56.6 IntlGr n 27.17 0.97 28.2 19.4 FTSESoc n 16.04 0.24 12.9 35.4 EstValR p 38.10 0.51 6.8 34.6 PlusBd n 10.72 0.03 3.0 8.7
StrInv (ICL) 12.72 0.19 8.9 14.1 IntlEqIdxInst 19.35 0.44 16.9 6.6 CapGr n 11.50 0.24 11.3 26.9 IntlGrAdml n 86.40 3.10 28.3 19.9 IntlVal n 37.02 0.88 16.6 1.5 Growth n 66.76 1.38 17.1 34.7 SmCoOppA 44.72 0.10 1.4 33.9 Western Asset:
CrnrsMod n 15.17 0.19 8.1 7.4 IdxITB n 11.43 0.06 3.1 9.2 SmCoOppI 45.16 0.11 1.6 35.2
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

US Eq (ICL) 14.60 0.23 12.6 26.5 IntlEqIdxRet 19.76 0.45 16.8 5.9 ITBondAdml n 11.43 0.06 3.1 9.5 INSTTRF2010 21.20 0.16 4.9 NS CoreBondI 12.55 NA NA NA
State Street V.I.S.: IntlEqInst 12.52 0.32 22.3 10.5 CrnstModAggr n 26.48 0.38 8.8 7.3 ITCorpIx 23.57 0.13 3.9 11.9 INSTTRF2015 21.48 0.22 6.6 NS LTBond n 13.99 0.07 5.7 16.1 VirtusFunds Cl A: CoreBondIS 12.56 NA NA NA
TR V.I.S. Cl 1 19.71 0.28 9.0 14.5 IntlEqRet 12.96 0.33 22.1 9.7 ExtMktIn n 18.78 0.22 8.3 23.4 ITGovIX 21.83 0.10 1.9 6.5 INSTTRF2020 21.76 0.26 8.0 NS MdCpGrAdml n 51.42 0.76 13.5 27.6 EmMktA 11.01 0.37 26.0 10.3 CorePlusBdA 11.78 NA NA NA
TR V.I.S. Cl 3 19.63 0.29 8.9 13.7 LC2015Ret 12.28 0.14 8.0 15.1 Gr&Inc n 24.35 0.29 11.3 29.1 ITIGradeAdml n 9.80 0.05 3.2 10.4 INSTTRF2025 21.94 0.30 9.1 NS MdCpVlAdml n 54.02 0.68 8.3 28.3 MulSStA p 4.77 0.02 2.7 5.9 CorePlusBdI 11.79 NA NA NA
SteelPath MLP Fds: LC2020Ret 12.88 0.17 8.9 16.4 Grwth n 28.58 0.61 17.3 41.5 ITsryAdml n 11.19 0.05 1.9 6.7 INSTTRF2030 22.05 0.32 10.0 NS MdCpVlIn n 41.06 0.52 8.3 27.8 VirtusFunds Cl C: CorePlusBdIS 11.79 NA NA NA
AlphaY 9.05 0.14 -1.6 -18.5 LC2025Ret 13.19 0.19 9.8 17.6 HiIncm n 8.23 0.04 4.7 9.6 LarCapAd 56.94 0.79 11.2 31.8 INSTTRF2035 22.17 0.35 10.9 NS MidCp n 39.50 0.54 10.6 27.6 MulSStC p 4.83 0.02 2.3 5.2 IntermTermMuniA 6.44 0.02 3.0 7.9
IncomeY 7.32 0.10 -2.4 -17.0 LC2030Ret 13.46 0.21 10.8 18.8 Inco n 13.16 0.07 3.8 9.8 LTGradeAdml n 10.44 0.06 6.1 19.3 INSTTRF2040 22.28 0.38 11.7 NS REIT nr 27.61 0.35 2.4 23.8 VirtusFunds Cl I: IntermTermMuniC 6.45 0.02 2.7 6.1
Sel40Y 9.28 0.14 -0.7 -15.5 LC2035Ret 13.87 0.24 11.8 19.9 IncStk n 19.60 0.18 7.2 22.6 LTsryAdml n 12.09 0.05 4.5 16.6 INSTTRF2045 22.38 0.39 12.1 NS SmCap n 65.65 0.78 6.8 24.5 EmMktI 11.38 0.39 26.2 11.1 IntermTermMuniI 6.44 0.02 3.1 8.4
SP AlphaA 8.84 0.14 -1.8 -19.1 LC2040Inst 10.76 0.20 12.9 21.8 Intl n 31.70 0.71 18.4 12.4 MidCpAdml n 179.18 2.44 10.7 28.1 INSTTRF2050 22.39 0.39 12.1 NS SmGth n 41.51 0.56 11.3 22.1 ForOppI 33.40 0.93 24.3 16.6 ManagedMuniA 16.33 0.03 3.4 10.5
SP IncomeA 7.14 0.09 -2.6 -17.7 LC2040Ret 14.26 0.26 12.6 20.9 IntmTerm n 13.27 0.05 3.6 8.5 MorgAdml n 89.17 2.17 18.2 37.8 INSTTRF2055 22.42 0.39 12.1 NS SmVal n 29.76 0.32 3.3 26.5 MulSStI 4.77 0.01 2.6 6.7 ManagedMuniC 16.34 0.03 3.1 8.7
Sterling Capital Fds: LCIdx2020Inst 16.08 0.18 7.9 15.9 IntTerBd n 10.66 0.05 4.3 9.3 MuHYAdml n 11.29 0.04 4.7 14.9 INSTTRF2060 22.40 0.39 12.1 NS SmValAdml n 53.33 0.56 3.4 26.9 SmCapSusI 23.98 0.36 18.4 67.1 ManagedMuniI 16.36 0.03 3.5 10.8
MidCpValTr 19.13 0.33 8.9 26.5 LCIdx2025Inst 16.79 0.21 8.8 17.4 LgTerm n 13.37 0.03 3.4 11.1 MuIntAdml n 14.16 0.05 3.5 9.7 INSTTRFINC 21.04 0.16 4.8 NS STBond n 10.47 0.02 1.2 3.8 Voya Fds: ShortDurMuniC 5.09 0.00 1.0 0.9
SmCap n 85.95 0.30 3.1 20.8 LCIdx2035Inst 18.24 0.27 10.6 20.0 Nasdaq100 n 16.61 0.52 20.4 51.5 MuLTAdml n 11.61 0.04 4.0 13.5 ITIGrade n 9.80 0.05 3.2 10.1 TotBd n 10.76 0.03 2.3 7.3 InmdBdI 10.12 0.04 3.4 10.3 TotalRetUnconI 10.72 NA NA NA
TotRetBdI 10.57 0.04 2.7 8.8 LCIdx2040Inst 18.69 0.29 11.4 21.2 PrecMM n 12.49 0.33 3.1 -22.0 MuLtdAdml n 10.98 0.02 2.2 4.2 ITTsry n 11.19 0.05 1.8 6.4 TotBd2 n 10.72 0.03 2.3 7.3 RealEstI 19.60 0.25 1.8 19.1 Westwood:
S&PIdx n 34.95 0.49 10.9 31.5 TotIntl n 17.06 0.47 17.4 6.4 TRPGrEqI 94.81 2.15 22.4 44.4
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

LrgCpGrIdxInst 26.34 0.54 16.6 38.9 MuShtAdml n 15.80 0.01 1.1 2.3 LifeCon n 19.41 0.19 6.3 14.2 IncomeOppI 15.53 NA NA NA
T LrgCpGrIdxRet 26.50 0.53 16.4 37.8 S&PReward n 34.96 0.49 10.9 31.9 NJLTAdml n 11.95 0.05 4.3 12.2 LifeGro n 31.68 0.50 10.9 19.6 TotSt n 61.43 0.83 10.5 30.6 Wilmington Funds:

TCW Funds:
LrgCpGrInst 18.51
LrgCpVl IdxInst 18.99
0.44
0.15
20.3
5.4
38.7
23.9
SciTech n
ShtT n
26.73
10.48
0.85
0.01
26.9
1.3
55.2
2.2
NYLTAdml n
PacifAdml n
11.78
82.23
0.05
2.01
3.9
15.5
13.4
14.8
LifeInc n
LifeMod n
15.35
25.96
0.11
0.33
4.0
8.6
11.3
17.1
TtlWldIxInv nr 28.02
Value n 38.04
0.57
0.30
13.7
6.1
18.0
28.4
WXYZ LgCpStrInst
Wm Blair Funds Cl I:
20.27 0.29 10.9 31.8

CoreFxInc n 10.99 0.04 2.1 6.4 LrgCpVl IdxRet 19.28 0.15 5.2 23.0 ShtTBndA n 9.20 0.01 1.8 5.0 PALTAdml n 11.56 0.04 4.0 13.5 LTIGrade n 10.44 0.06 6.1 18.9 VANGUARD INSTL FDS: Waddell&Reed Advsrs: IntlGthI r 28.75 0.88 17.7 8.2
EmMktInc n 8.45 0.14 7.0 11.6 LrgCpVl Inst 19.00 0.28 5.1 22.6 SmCpStk n 18.03 0.14 1.8 18.4 PrmcpAdml nr 127.86 2.62 17.5 43.3 LTTsry n 12.09 0.05 4.5 16.3 BalInst 33.06 0.32 7.2 21.7 AccmA 10.19 0.10 10.0 23.3 SmCapValI 20.64 0.01 -0.2 23.5
SelEqtyI n 28.95 0.64 22.2 33.2 LrgCpVlRet 18.92 0.28 5.0 21.7 TarRet2020 n 13.22 0.15 7.7 11.6 REITAdml nr 117.81 1.50 2.5 24.4 MATxEx n 10.76 0.04 3.7 11.7 DevMktsIndInst 13.53 0.32 16.9 8.3 WilshireGlAll A p 8.71 0.14 9.8 -6.4 SmMidI r 23.48 0.20 17.3 41.4
TotRetBondI n 9.98 0.04 2.3 7.0 MdCpGrInst 22.55 0.32 14.7 22.0 TarRet2030 n 14.10 0.21 9.4 13.7 S&PSC600Idx 259.17 2.44 3.8 34.2 MgdPayFdInv n 18.45 0.25 7.3 14.1 DevMktsInxInst 21.15 0.51 17.0 8.3 WilshireGlAl Y r 8.82 0.14 10.0 -5.5 Wm Blair Funds Cl N:
TCW Funds N: MdCpVl Inst 24.32 0.37 5.8 21.5 TarRet2040 n 14.16 0.23 10.5 14.9 SmCapAdml n 65.67 0.78 6.9 25.0 MidCpGro pn 25.00 0.30 11.6 20.1 EmgMktInstPl 88.93 3.33 19.0 3.6 BondY r 6.25 0.02 3.0 8.4 IntlGthN n 28.05 0.86 17.6 7.2
TotRetBdN pn 10.29 0.04 2.1 6.0 MdCpVlRet 24.16 0.36 5.6 20.6 TarRet2050 n 14.18 0.24 11.0 15.5 SmGthAdml n 51.90 0.71 11.4 22.6 MktNeuInv nr 11.97 0.06 -3.4 4.2 EmMkInst r 26.73 1.00 19.0 3.6 Con IncA 9.77 0.10 6.4 9.8 Wm Blair Funds Inst:
Templeton Class A: RealSecInst 15.86 0.19 6.8 28.1 VA Bd n 11.31 0.03 2.7 10.7 STBondAdml n 10.47 0.02 1.2 4.0 Morg n 28.78 0.70 18.1 37.4 EuroInst 30.03 0.70 19.8 4.6 Core InvA 6.56 0.13 9.0 14.5 EmgMktGth 14.54 0.65 30.1 7.1
TGlTotRA 12.49 0.12 4.9 5.2 S&P500IdxInst 27.58 0.38 11.0 32.3 ValueFd n 21.64 0.21 7.0 20.9 STCorpIx 21.77 0.06 2.1 6.3 MuHY n 11.29 0.04 4.6 14.6 ExDurTrsInst 34.59 0.13 6.4 24.5 Core InvY 6.60 0.13 9.1 15.2 IntlGth 17.14 0.53 17.8 8.6

Short Interest

NYSE Short Interest Falls 1.1% Nasdaq Shorts Edge Down 0.3%

S A
HORT INTEREST ON THE NEW YORK 708,609,991, as of June 15. The short-inter- S OF JUNE 30, OVERALL NASDAQ The short-interest ratio was 3.91 days, ver-
Stock Exchange fell 1.1%, to est ratio fell to 5.74 days, versus a revised short interest dropped 0.3%, to sus 4.94 days for the previous reporting pe-
15,994,935,404 shares, as of June 30, 6.93 in the previous period. 8,502,778,760 shares, compared riod.
from a revised 16,167,449,430 on The following table lists all NYSE issues with 8,531,535,965 on June 15. Short interest on the Nasdaq Capital Mar-
June 15. in which there was a short position of at The short-interest ratio was 3.33 days, ver- kets gained 5.2%, to 896,823,667 shares in 830
The short-interest ratio increased to 4.5 least 8,057,417 shares, plus NYSE MKT is- sus 4.62 in the preceding reporting pe- securities, versus 852,748,704 in 818 on June
days, versus 4.8 days on June 15. sues with a short position of at least riod.The ratio is calculated by dividing the 15. The June 30 short-interest ratio was 1.48
The ratio is calculated by dividing the 2,057,360 at mid-month. number of shares sold by the average total days, compared with 2.95 days in the previous
number of shares sold short by the average If you need additional information on the traded each day. reporting period.
total traded each day. short interest data, please visit barrons.com/ On the Nasdaq Global Markets, short in- The following table lists all issues in
Short interest on the NYSE MKT Ex- mktlab or contact us at barronsstats@bar- terest slipped 0.9%, to 7,605,955,093 shares which there was a short position of at least
change dropped by 4.0%, to 680,135,511 rons.com. in 2,327 securities. That compares with 2,057,360 shares at mid-month.
shares, as of June 30, from a revised MICHAEL T. KOKOSZKA 7,678,787,261 in 2,328 securities on June 15. MICHAEL T. KOKOSZKA
 M32 BARRONS July 17, 2017

Weekly Closed-End Funds Data provided by

52 Week 52 Week
Stock Market Prem Market TRACKING CLOSED - END FUNDS Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return
Friday, July 14, 2017 AlpineTotalDynDivFun (AOD) ......... N 9.89 8.80 11.0 27.3
General Equity Funds Market Melt Up: The Herzfeld Average and the Dow continued to climb, rising AsiaPacFd (APB) ............................
Asia Tigers (GRR) ...........................
N 14.18 13.18 7.1
N 13.41 12.31 8.2
34.1
27.6
Adams Diversified Equity (ADX) ...... N 17.22 14.63 15.1 21.2
AdvntClymrEnhG&I (LCM) ............. N 9.51 8.73 8.2 14.1 1.32% and 1.09%, respectively, for the week ended Thursday. The average discount Calamos GloDynInc (CHW) .............
CalamosGlbTotRet (CGO) ...............
N 8.92
N 12.87
8.68 2.7
NA NA
34.9
NA
Boulder Growth & Income (BIF) ...... N 11.72 9.89 15.6 22.4
Central Secs (CET)-c ........................ A 30.91 25.75 16.7 33.9 on the Herzfeld widened to 7.29% after reaching 2017s tightest level, 6.86%. Cdn Genl Inv (CGI)-y ........................ T 29.21 20.62 29.4 18.1
CohenStrsCEOppFd (FOF) .............. N 13.96 13.35 4.4 23.8 Cdn Wrld Fd Ltd (T.CWF)-y ............... T 8.52 NA NA NA
Cornerstone Str Val (CLM) .............. A 13.19 15.49 + 17.4 15.1 Net Asset Value Central Europe Russ & Tu (CEE) ...... N 25.55 22.68 11.2 21.5
Cornerstone Total Return (CRF) ...... A 12.77 15.15 + 18.6 12.8
37000 China (CHN) ................................... N 21.17 19.11 9.7 32.7
Eagle Capital Growth (GRF)-c ........... A 8.85 7.83 11.5 13.6 40200 CloughGlobDivandInc (GLV)-a ........ A 13.75 NA 28.4
EVTxAdvDivIncm (EVT) .................. N 22.65 22.34 1.4 17.1 CloughGlobalEquity (GLQ)-a ............ A 13.11 NA 33.3
Engex (EXGI) .................................. O 11.10 NA NA NA
33650 38300 CloughGlobalOpprty (GLO)-a ........... A 11.00 NA 29.6
Equus II (EQS) ................................ N 2.25 NA 31.1 Delaware Enh Gl Div & In (DEX)-a ..... N 12.72 11.52 9.4 23.9
EV TxAdvGlbDivInc (ETG) ............... N 18.58 17.28 7.0 26.5
Foxby Corp (FXBY) .........................
GabelliDiv&IncTr (GDV)-a ................
O
N
2.80
23.45
NA
22.14
NA
5.6
NA
20.0
36400 EtnVncTxAdvOpp (ETO) ................. N 24.39 25.53 + 4.7 24.5
Gabelli Equity Tr (GAB)-h ................. N 6.26 6.20 1.0 20.9 *Herzfeld Economic Inv Tr (EVT.T)-cy .............. T 149.36 113.00 24.3 20.1
GeneralAmer (GAM) ....................... N 41.24 34.95 15.3 21.3 30300 34500 European Equity Fund Inc (EEA) ...... N 10.46 9.49 9.3 23.1
GuggenhEnhEq (GPM) ................... N 8.72 8.38 3.9 19.7 Closed-End FirstTrAbEmergOp (FEO) ................ N 17.92 16.54 7.7 20.3
JHancockTaxAdvDiv (HTD)-a .......... N 26.02 25.55 1.8 12.2 Average 32600 FirstTr Dyn Euro Eq Inc (FDEU) ....... N 19.60 18.84 3.9 27.2
Librty AllStr Eq (USA) ..................... N 6.62 5.82 12.1 24.4 4Q 1Q 2Q 3Q Gabelli Gl Sm&Mid Cp Val (GGZ) ..... N 14.54 12.65 13.0 18.4
Librty AllStr Gr (ASG) ...................... N 5.47 5.04 7.9 30.5 26950 Gabelli Multimedia (GGT)-h ............. N 9.32 9.11 2.3 37.6
NuvTaxAdvTRStrat (JTA) ............... N 13.99 13.11 6.3 22.9 % Disc/Prem From Net Asset Value GDL Fund (GDL) ............................. N 11.75 10.26 12.7 11.8
Royce Micro-Cap Tr (RMT) ............. N 9.90 8.83 10.8 23.0 Herzfeld Caribb (CUBA) .................. O 8.48 7.38 13.0 21.0
Royce Value Trust (RVT) ................. N 16.60 14.94 10.0 30.8 -6 India Fund (IFN) .............................. N 31.29 28.48 9.0 22.5
Source Capital (SOR) ...................... N 43.78 39.52 9.7 11.5 23600 -7 J Han Hdgd Ety & Inc (HEQ) ............ N 17.68 17.42 1.5 26.8
JHancockTaxAdv Gl Sh Yld (HTY) ... N 8.91 9.29 + 4.3 4.4
Special Opportunities (SPE) ............
Sprott Focus Trust (FUND) ..............
N
O
17.15
8.45
15.50
7.43


9.6
12.1
16.0
18.0
-8 Japan Smaller Cap (JOF) ................. N 13.09 11.65 11.0 27.3
Tri-Continental (TY) ........................ N 27.91 24.69 11.5 22.5 -9 JPMorgan China Region (JFC) ........ N NA NA NA
Specialized Equity Funds 20250 -10 Korea Equity (KEF) .......................... N 7.05 7.04 0.1 10.8
Korea (KF) ...................................... N 46.30 41.76 9.8 26.6
Adams Natural Resources (PEO) .... N 21.81 18.77 13.9 0.3 -11 LatAmDiscy (LDF) .......................... N 12.76 11.21 12.1 18.4
GI NFJ DivInt&PremStr (NFJ) ......... N 14.50 13.30 8.3 15.7 Dow Industrials -12
AlpineGlbPremProp (AWP) ............ N 7.22 6.41 11.2 30.2 LazardGlbTotRetInc (LGI)-a ............. N 18.16 16.45 9.4 29.8
ASA Gold & Prec Met Ltd (ASA) ....... N 13.01 11.49 11.7 25.1 16900 -13 LazardWorldDiv&IncFd (LOR)-a ......
MexicoEqandIncmFd (MXE) ...........
N 12.20 11.12 8.9
N 13.83 12.07 12.7
26.7
10.6
BR Enh C&I (CII)-a ........................... N 16.02 15.12 5.6 18.0 4Q 16 1Q 17 2Q 17 3Q 17 4Q 16 1Q 17 2Q 17 3Q 17
BlackRock Energy & Res (BGR)-a .... N 12.91 NA 2.3 Mexico (MXF)-a ............................... N 20.45 18.07 11.6 12.4
BlackRock Eq Enh Div (BDJ)-a .......... N 9.51 8.89 6.5 19.8 Miller/Howard High Inc E (HIE) ....... N 13.06 13.53 + 3.6 25.9
The Herzfeld Closed-End Average measures 15 equally-weighted closed-end funds based in the U.S. that invest principally in MS Asia (APF) ................................ N 19.37 16.99 12.3 21.2
BlackRock Enh Glbl Div (BOE)-a ....... N 14.42 13.48 6.5 21.6 MS ChinaShrFd (CAF)-J ................... N 25.60 22.50 12.1 29.8
BlackRock Enh Intl Div (BGY)-a ........ N 6.81 6.39 6.2 19.5 American equities. The net assest value is a weighted average of the funds' NAVs. Source: Thomas J. Herzfeld Advisors Inc., Miami.
BlackRock Hlth Sciences (BME)-a .... N 35.25 37.16 + 5.4 14.6 305-271-1900/www.herzfeld.com MS EmgMkt (MSF) ......................... N 18.79 16.86 10.3 23.3
BlackRock Res & Comm (BCX)-a ..... N 8.33 NA 11.6 MS India (IIF) .................................. N 37.77 34.10 9.7 30.6
BlackRock Sci&Tech Trust (BST)-a .. N 24.72 23.65 4.3 49.3 New Germany (GF) ......................... N 19.15 17.25 9.9 36.4
52 Week 52 Week New Ireland (IRL) ........................... N 15.33 14.03 8.5 27.5
BlackRock Util & Infr (BUI)-a ............ N 20.51 NA 10.2 RENN Fund (RCG) .......................... A 1.30 NA 20.3
Brookfield Gl Lsd Infr (INF) ............. N 15.23 13.74 9.8 12.1 Stock Market Prem Market Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return Royce Global Value Trust (RGT) ...... N 11.36 9.72 14.4 28.1
CBRE ClrnGlbRlEst (IGR) ................ A 8.77 7.72 12.0 1.4 Swiss Helvetia (SWZ)-a ................... N 13.94 12.63 9.4 25.0
Center Coast MLP & Infra (CEN)-a .... N 11.21 NA NA NA Goldman Sachs MLP IncOpp (GMZ) N 10.24 9.74 4.9 13.9 Dividend & Income (DNI) ................ N 15.17 12.56 17.2 20.1 Taiwan (TWN) ................................ N 22.88 20.22 11.6 28.5
Centrl Fd Canada (CEF) ................... A 12.88 12.09 6.1 15.8 Goldman Sachs MLP&En Ren (GER) N 7.48 7.29 2.5 12.2 Eagle Gr and Inc Opps (EGIF)-a ........ N 19.46 17.12 12.0 4.7 Templeton Dragon (TDF) ................ N 23.39 21.03 10.1 28.9
ClearBridge Amer Engy ML (CBA) ... N 9.03 NA 12.9 J Han Finl Opptys (BTO) .................. N 34.74 35.55 + 2.3 41.0 FirstTrIntDurPref&Inc (FPF) ........... N 24.89 24.60 1.2 13.7 Templeton Em Mkt (EMF) ............... N 17.48 15.65 10.5 35.4
ClearBridge Energy MLP (CEM) ...... N 15.75 NA 8.8 MacquarieGlbIInfraTR (MGU) ......... N 27.91 24.52 12.1 21.4 FlrtyPfd Income (PFD) .................... N 14.52 15.58 + 7.3 8.3 ThaiFd (TTF) ................................... N 10.02 8.83 11.9 19.8
CLEARBRIDGE ENGY MLP OPP (EMO) N 12.63 NA 7.6 Macquarie/FirstTr Gl (MFD) ............ N 13.90 13.10 5.8 14.1 FFlrtyPfdIncomeOp (PFO) ............... N 12.08 12.78 + 5.8 11.2 TurkishFd (TKF) .............................. N 10.35 9.94 4.0 13.4
CLEARBRIDGE ENGY MLP TR (CTR) N 12.87 NA 7.7 Madison CovCall & Eq Str (MCN) .... N 8.34 7.95 4.7 12.2 Flrty&CrmneDynPfd&Inc (DFP) ...... N 26.67 26.76 + 0.3 18.4 United Corps Ltd (UNC.T)-cy ............ T 130.31 99.20 23.9 NA
ChnStrGlbIncBldr (INB) .................. N 10.49 9.88 5.8 21.3 MdsnStrSectPrem (MSP) ............... N 12.43 11.97 3.7 10.1 Flrty&CrmnePfdSec (FFC) .............. N 20.56 22.29 + 8.4 12.0 VirtusTotalRetFd (ZF)-a ................... N 13.21 12.02 9.0 13.3
ChnStrInfr (UTF) ............................. N 25.18 23.09 8.3 19.9 Neuberger Berman MLP Inc (NML)-a N 10.53 9.80 6.9 26.1 Flrty&CrmneTotRet (FLC) ............... N 21.90 22.45 + 2.5 11.6
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Voya Em Mkts Hi Div Eqty (IHD) ...... N 9.65 8.97 7.0 33.2
COHEN & STEERS MLP INC&E (MIE) N 11.81 10.89 7.8 12.0 NubrgrRlEstSec (NRO)-a ................. A 5.92 5.38 9.1 4.3 Gabelli Go Anywhere Tr (GGO) ........ N 19.40 NA NA NS Voya Infr Indus & Matr (IDE) ........... N 16.09 15.64 2.8 37.8
Cohen&SteersQualInc (RQI) ........... N 13.52 12.94 4.3 2.4 Nuv Dow 30 Dyn Overwrite (DIAX) .. N 17.50 16.67 4.7 22.0 JHanPrefInc (HPI)-a ........................ N 21.89 21.92 + 0.1 3.3 Wells Fargo Gl Div Oppty (EOD) ....... N 6.16 NA 12.1
CohenStrsREITPref (RNP) .............. N 22.68 20.89 7.9 9.8 Nuv AC Engy MLP Opps (JMLP)-a .... N 9.01 9.12 + 1.2 8.7 JHPrefIncII (HPF)-a ......................... N 21.63 21.97 + 1.6 4.4
Cohen&Steers TotRet (RFI) ............ N 13.45 12.64 6.0 0.4 NuvCorEqAlpha (JCE) ..................... N 15.69 15.16 3.4 13.3 HnckJPfdInco III (HPS)-a ................ N 19.29 19.13 0.8 3.3
12 mos
Columbia Sel Prm Tech Gr (STK) ..... N 21.11 22.65 + 7.3 50.6 NuveenDiversDiv&Inc (JDD) .......... N 12.87 12.89 + 0.2 19.1 J Han Prm (PDT)-a ........................... N 15.96 16.83 + 5.5 10.5 Stock Market Prem Yield
Cushing Energy Income (SRF)-a ...... N 9.71 8.30 14.5 5.2 Nuveen Engy MLP Tot Rtn (JMF)-a ... N 12.45 13.23 + 6.3 20.3 LMP CapInco (SCD) ........................ N 14.50 NA 17.9 Fund Name (Symbol) Exch NAV Price /Disc 6/30/17
CushingMLPTotRet (SRV)-ad .......... N 13.99 12.47 10.9 9.5 Nuveen Nasdaq 100 Dyn Ov (QQQX) N 21.69 22.34 + 3.0 31.9 Nuveen Pref & I 2022 Trm (JPT)-a .... N 25.42 25.34 0.3 NS
Cushing Renaissance (SZC)-a .......... N 18.76 17.54 6.5 19.9 Nuv Real Est (JRS) .......................... A 11.32 11.25 0.6 4.0 Nuveen Pref & Inc Term (JPI)-a ........ N 25.73 24.81 3.6 9.7 U.S. Mortgage Bond Funds
Divrsified Real Asst Inc (DRA)-a ....... N 19.45 17.59 9.6 13.3 Nuveen Rl Asst Inc & Gro (JRI)-a ...... N 19.50 17.76 8.9 13.8 Nuveen Pref Inc Opp (JPC)-a ............ N 10.78 10.45 3.1 10.5 BlckRk Income (BKT)-a .................... N 6.70 6.32 5.7 4.9
DNP Select Income (DNP) .............. N 9.80 11.20 + 14.3 14.8 NuvS&P500DynOvFd (SPXX) ......... N 15.41 NA 18.7 Nuveen Fd (JPS)-a ........................... N 10.28 10.15 1.3 16.8 First Trust Mtge Inc (FMY) .............. N 15.49 14.22 8.2 5.5
Duff&Ph Glbl Util Inc Fd (DPG) ........ N 18.52 16.69 9.9 5.4 NuvSP500BuyIncFd (BXMX) .......... N 14.05 14.09 + 0.3 16.3 Nuveen TxAdvDivGr (JTD) .............. N 17.15 16.13 5.9 19.0 Nuveen Mtge Oppty Term (JLS)-a .... N 26.44 25.53 3.4 5.2
Duff&Ph Sel Engy MLP Fd (DSE) ..... N 6.93 7.15 + 3.2 4.7 PIMGlbStkPI (PGP)-a ...................... N 17.84 NA 6.0 RiverNorth DL Str Oppty (OPP)-a ..... N 19.09 NA NS Nuveen Mtge Oppty Term 2 (JMT)-a . N 25.43 24.39 4.1 5.4
EtnVncEqtyInc (EOI) ....................... N 14.48 13.82 4.6 13.4 PREDEX (PRDEX) ........................... N 25.41 NA NA NA RiverNorth Opportunities (RIV)-a .... N 20.73 21.20 + 2.3 23.9 Nuveen Multi-Market Inc (JMM)-c ... N 8.14 7.47 8.2 5.7
EtnVncEqtyIncoII (EOS) ................. N 15.31 14.89 2.7 22.6 Principal Real Est Inc (PGZ)-a .......... N 19.53 18.52 5.2 16.4 TCW Strat Income (TSI) .................. N 5.68 NA 11.1 Westn Asst Mtge Def Opp (DMO) .... N 27.04 NA 11.3
EVRskMnDvsEqInc (ETJ) ............... N 10.12 9.53 5.8 8.5 ReavesUtilityIncome (UTG) ............ A 34.07 35.97 + 5.6 23.9 Virtus Global Div & Inc (ZTR)-a ........ N 12.84 12.84 + 0.0 23.6 Investment Grade Bond Funds
ETnVncTxMgdBuyWrtInc (ETB) ..... N 16.20 16.59 + 2.4 12.2 Resource RE Div Inc:D (N/A) ........... 10.47 NA NA NA Convertible Sec's. Funds BlRck Core Bond (BHK)-a ................. N 14.67 13.69 6.7 5.6
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

EtnVncTxMgdBuyWrtOpp (ETV) ..... N 14.59 15.50 + 6.2 14.6 Resource RE Div Inc:T (N/A) ........... 10.28 NA NA NA AdvntClymrFd (AVK)-a .................... N 17.48 16.29 6.8 23.5 BR Credit Alloc Inc (BTZ)-a ............... N 14.71 13.42 8.8 6.4
EvTxMnDvsEqInc (ETY) ................. N 11.98 11.66 2.7 20.9 Resource RE Div Inc:U (N/A) ........... 10.32 NA NA NA Advent Clay Conv Secs (AGC)-a ........ N 6.76 6.33 6.4 22.9 BR Enhcd Govt (EGF)-a .................... N 14.05 13.45 4.3 3.7
EtnVncTxMgdGlbB (ETW) .............. N 11.49 11.77 + 2.4 25.0 RMRRealEstInc (RIF) ..................... A 25.74 21.70 15.7 5.2 AllianzGI Con & Inc 2024 (CBH) ...... N 9.84 10.28 + 4.5 NS Insight Select Income (INSI) ........... N 21.21 19.63 7.4 3.2
EVTxMnGblDvEqInc (EXG) ............. N 9.50 9.32 1.9 18.0 Salient Midstream & MLP (SMM) ... N 13.07 11.77 9.9 9.2 GI Conv & Inc (NCV)-a ...................... N 6.76 7.10 + 5.0 25.9 InvescoBond (VBF)-a ....................... N 20.26 19.26 4.9 4.3
FiducClayMLPOppty (FMO) ............ N 13.93 14.43 + 3.6 18.9 Tekla Health Inv (HQH) .................... N 26.09 25.66 1.6 12.0 AGI Conv & Inc II (NCZ)-a ................. N 6.06 6.34 + 4.6 31.0 J Han Income (JHS) ........................ N 15.45 14.49 6.2 5.6
First Trust Energy Inc G (FEN) ......... A 25.25 25.76 + 2.0 11.5 Tekla Healthcare Opps (THQ)-a ........ N 19.89 18.51 6.9 20.3 AGI Dvs Inc & Conv (ACV)-a ............. N 22.32 21.40 4.1 31.0 MFS Govt Mkts (MGF) .................... N 5.21 4.97 4.6 7.8
First Tr Enhanced Eq (FFA) .............. N 16.19 14.97 7.5 21.6 Tekla Life Sciences Inv (HQL) .......... N 21.30 21.51 + 1.0 24.2 AGI Eqty & Conv Inc (NIE) ............... N 22.10 20.00 9.5 16.0 MFS Intmdt (MIN) .......................... N 4.57 4.32 5.5 9.0
First Tr Specialty Fn (FGB) ............... N 7.15 7.16 + 0.1 24.9 Tekla World Healthcare (THW)-a ...... N 15.69 15.06 4.0 17.1 Bancroft Fund Ltd (BCV) ................. A 24.13 22.13 8.3 22.1 MS Income Secs (ICB) .................... N 19.44 18.18 6.5 4.1
FirstTrEnergyInfra (FIF) .................. N 19.50 18.65 4.4 13.2 Tortoise Energy Ind (NDP) .............. N 13.15 13.81 + 5.0 0.1 CalamosConvHi (CHY) ................... N 11.82 11.83 + 0.1 20.7 Western Asset Income (PAI) ........... N NA 15.14 NA 4.6
FirstTrMLPEner&Inc (FEI) .............. N 15.25 15.63 + 2.5 11.4 Tortoise Enrgy Infra Crp (TYG) ........ N 28.89 30.68 + 6.2 7.1 CalmosConvOp (CHI) ..................... N 11.22 11.32 + 0.9 23.3 WesternAssetPremBd (WEA) ......... N NA 13.90 NA 6.6
Gab Gl Util & Inc (GLU)-ah ................ A 21.72 20.41 6.0 17.7 Tortoise MLP (NTG) ........................ N 19.05 19.34 + 1.5 13.3 Ellsworth G&I Fund Ltd (ECF) .......... A 10.26 9.26 9.7 19.3 InfLnkOpp&Income (WIW)-a ........... N NA 11.02 NA 3.3
Gabelli Healthcare (GRX)-h .............. N 11.96 10.72 10.4 3.8 Tortoise Pipelne & Enrgy (TTP) ....... N 21.48 19.69 8.3 11.5 Gabelli Conv Sec (GCV) ................... N 5.61 5.17 7.9 22.3 InfLnkSec&Income (WIA)-a ............ N NA 11.21 NA 2.9
Gab Utility (GUT)-ah ......................... N 5.38 6.95 + 29.2 13.8 Tortoise Pwr & Engy Infr (TPZ) ....... N 23.26 21.00 9.7 12.8 PutnamHiIncBd (PCF) .................... N 9.53 8.84 7.2 17.1 Westn Asst IG Def Opp Tr (IGI) ........ N NA 21.41 NA 4.9
GAMCOGlGold&NatRes (GGN)-a ..... A 5.50 5.52 + 0.4 0.4 Voya Asia Pac Hi Div Eq (IAE) .......... N 11.62 10.51 9.6 28.4 World Equity Funds Loan Participation Funds
GAMCO NR GLD & INC TR (GNT)-a .. N 7.09 6.78 4.4 6.2 Voya Gl Adv & Prem Opp (IGA) ........ N 11.73 10.75 8.4 21.0 AbrdnAusEq (IAF) ........................... A 6.49 6.26 3.5 21.2 Apollo Senior Floating (AFT) ........... N 18.14 17.05 6.0 7.3
Voya Gl Eq Div & Prem Op (IGD) ...... N 8.19 7.61 7.1 22.0 Aberdeen Chile (CH) ....................... A 8.49 7.34 13.5 19.3 BRDefinedOppCreditTr (BHL)-a ...... N 8.77 8.76 0.1 45.1
a-NAV and market price are ex dividend. b-NAV is fully diluted. c- Voya Itl Hi Div Eqty Inc (IID) ............ N 7.17 7.71 + 7.5 21.0 Aberdeen EM SmCo Opptys (ABE) .. A 15.61 14.19 9.1 14.0 BR F/R Inc Str (FRA)-a ...................... N 14.93 14.09 5.6 5.7
NAV is as of Thursdays close. d-NAV is as of Wednesdays close. Voya Nat Res Eq Inc (IRR) ............... N 6.17 5.95 3.6 6.9 AberdeenGreaterChina (GCH) ......... N 12.66 11.71 7.5 37.4 BlackRock Floatng Rt Inc (BGT)-a .... N 14.43 13.90 3.7 5.4
e-NAV assumes rights offering is fully subscribed. f-Rights offering Wells Fargo Ut & Hi Inc (ERH)-a ....... A 13.18 NA 5.9 Aberdeen Indonesia (IF) .................. A 8.32 7.53 9.5 20.8 Blackstone / GSO Strat (BGB) .......... N 17.10 16.03 6.3 8.4
in process. g-Rights offering announced. h-Lipper data has been ad- Income & Preferred Stock Funds ISL (ISL) ......................................... A 22.39 20.00 10.7 22.0 Blackstone/GSO LS Cr Inc (BGX) ..... N 17.22 16.18 6.0 9.0
CalamosStratTot (CSQ) .................. N 12.41 11.86 4.4 26.0 Aberdeen Japan Equity (JEQ) .......... N 9.52 8.45 11.2 13.1 Blackstone/GSO Sr Flt Rt (BSL) ....... N 17.73 18.00 + 1.5 6.5
justed for rights offering. j-Rights offering has expired, but Lipper CohenStrsLtdDurPref&Inc (LDP) ... N 27.26 26.86 1.5 17.4 Aberdeen Latin Amer Eq (LAQ) ........ A 27.82 24.77 11.0 20.5 Eagle Point Credit (ECC) .................. N NA 20.74 NA 7.7
data not yet adjusted. l-NAV as of previous day. o-Tender offer in CohenStrsSelPref&Income (PSF) ... N 27.93 28.43 + 1.8 12.2 Aberdeen Singapore (SGF) ............. N 12.88 11.03 14.4 19.0 EtnVncFltRteInc (EFT) .................... N 15.54 15.24 1.9 5.7
process. Source: Lipper Del Div & Inc (DDF)-a ....................... N 11.47 10.38 9.5 10.3 AlpineGlobDynamicDiv (AGD) ........ N 11.35 10.42 8.2 30.7 EtnVncFltRteIncPlus (EFF) .............. N 17.92 16.82 6.1 5.8

TOP RETAIL MONEY FUND YIELDS

(10 Highest 7-Day Compound Yields for Period Ended July 11, 2017)
Government Money Funds Prime Money Funds Tax-Free Money Funds
7-Day Yields 7-Day Yields 7-Day Yields
Simple Compound Telephone # Simple Compound Telephone # Simple Compound Telephone #
Vanguard Federal MMF 0.89% 0.89% (800) 662-7447 Fidelity Inv Money Market/Instit kh 1.25% 1.26% (800) 544-6666 Northern Municipal MMF k 0.81% 0.81% (800) 595-9111
Vanguard Treasury MMF h 0.89 0.89 (800) 662-7447 Invesco Premier Portfolio/Inst k h 1.17 1.18 (800) 525-8085 Federated Muni Oblig Fund/Wealth kh 0.79 0.79 (800) 341-7400
Deutsche Gov&Agy/Deutsche G&A MF k 0.86 0.86 (800) 730-1313 JPMorgan Liquid Assets MMF/Capitalk h 1.16 1.17 (800) 480-4111 Vanguard Municipal MMF/Investor 0.76 0.76 (800) 662-7447
Gabelli US Treasury MMF/Cl AAA k 0.85 0.85 (800) 422-3554 BlackRock MMP/Instit Cl k h 1.14 1.15 (800) 441-7762 Wells Fargo Natl T-F MMF/Premier kh 0.74 0.74 (888) 253-6584
PNC Government MMF/Cl A k 0.82 0.82 (800) 622-3863 Federated Prime Cash Oblig/Wealthk h 1.14 1.15 (800) 245-0242 Federated T-F Oblig Fund/Wealth kh 0.73 0.73 (800) 341-7400
PNC Treasury MMF/Cl A k 0.73 0.73 (800) 622-3863 First Amer Retail Prime Obligs/ClZ k h 1.12 1.13 (800) 677-3863 Vanguard NY Muni MMF 0.73 0.73 (800) 662-7447
Payden Cash Reserves MMF k 0.73 0.73 (800) 572-9336 Vanguard Prime MMF/Investor 1.09 1.10 (800) 662-7447 Fidelity Inv Tax-Exempt/Cl I k h 0.72 0.72 (800) 544-6666
PIMCO Govt MMF/Cl A 0.72 0.72 (800) 426-0107 Schwab Value Adv MF/Ultra k h 1.07 1.08 (800) 435-4000 Vanguard CA Muni MMF 0.71 0.71 (800) 662-7447
Northern US Govt Select MMF k 0.69 0.69 (800) 595-9111 BMO Prime MMF/Premier k h 1.02 1.03 (800) 236-3863 Deutsche T-E/Deutsche T-E Cash Prem k h 0.70 0.70 (800) 730-1313
Schwab Treas Obligs MF/Value Adv k 0.69 0.69 (800) 435-4000 Fidelity Money Market Fund 0.96 0.96 (800) 544-6666 JPMorgan Muni MMF/Instit k h 0.70 0.70 (800) 480-4111

iMoneyNet MONEY FUND iMoneyNet MONEY FUND iMoneyNet MONEY FUND

AVERAGETM/GOVT 0.37% 0.37% AVERAGETM/TAXABLE 0.63% 0.63% AVERAGETM/TAX-FREE 0.39% 0.39%
Yield column represents compounded (effective) rate of return to shareholders for the past (k) All or a portion of fund's expenses are currently being waived or reimbursed. Reprinted in condensed form with permission from MONEY FUND REPORT, a service of
seven days. Past returns are not necessarily indicative of future yields. Investment quality (h) Fund requires a minimum initial investment of $50,000 or more. Table excludes funds iMoneyNet, Inc., Westborough, Mass. 01581, (508) 616-6600. On the Web at http://
and maturity may vary among funds. with restricted access. www.imoneynet.com.
 July 17, 2017 BARRONS M33

Weekly Closed-End Funds Data provided by

12 mos 12 mos 12 mos 12 mos

Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Yield
Fund Name (Symbol) Exch NAV Price /Disc 6/30/17 Fund Name (Symbol) Exch NAV Price /Disc 6/30/17 Fund Name (Symbol) Exch NAV Price /Disc 6/30/17 Fund Name (Symbol) Exch NAV Price /Disc 6/30/17
EV SenFlRtTr (EFR) ......................... N 15.20 15.00 1.3 6.0 EtnVncStDivInc (EVG) .................... N NA 14.06 NA 7.4 Nuveen Sel Mat (NIM)-a ................... N 10.45 10.09 3.4 3.1 Pimco CA Muni III (PZC)-a ............... N NA 11.15 NA 5.7
EVSnrIncm (EVF)-a .......................... N 7.14 6.65 6.9 5.8 First Tr/Ab Glbl Inc (FAM) ................ N 12.84 11.65 9.3 7.7 Nuveen Sel TF (NXP)-a ..................... N 15.27 14.49 5.1 3.8 PIMCO NY (PNF)-a .......................... N NA 13.14 NA 5.2
FT/Sr Fltg Rte Inc 2 (FCT) ................ N 14.19 13.41 5.5 6.1 Legg Mason BW Gl Inc Opp (BWG) .. N NA 13.55 NA 5.4 Nuveen Sel TF 2 (NXQ)-a .................. N 14.73 13.88 5.8 3.7 PIMCONYMuniII (PNI)-a .................. N NA 11.77 NA 6.1
FT/Sr Fltg Rte 2022 TgTr (FIV) ......... N 9.84 9.98 + 1.4 NS MS EmMktDomDebt (EDD) ............ N 8.95 8.11 9.4 8.7 Nuveen Sel TF 3 (NXR)-a .................. N 15.58 14.77 5.2 3.6 Pimco NY Muni III (PYN)-a ............... N NA 9.77 NA 5.9
InvDYCrOpp (VTA)-a ....................... N 12.91 11.92 7.7 7.2 Ms EmMktDebtFd (MSD) ................ N 10.95 9.98 8.9 6.3 PIMCO MuniInc (PMF)-a .................. N NA 13.92 NA 6.3
InvSnrIncTr (VVR)-a ........................ N NA 4.54 NA 6.1 PIMCO Dyn Crd & Mrt Inc (PCI)-a ..... N NA 22.59 NA 11.6 PIMCOMuniIncII (PML)-a ................ N NA 13.36 NA 5.9 Continuously Offered
Nuveen Credit Strat Inc (JQC)-a ........ N 9.25 8.50 8.1 7.2 PIMCO Dynamic Income (PDI)-a ...... N NA 30.21 NA 13.5 Pimco Muni III (PMX)-a ................... N NA 11.90 NA 6.1 52 Week
NuvFloatRateIncFd (JFR)-a .............. N 11.64 11.79 + 1.3 6.6 PIMCO Income Opportunity (PKO)-a N NA 27.11 NA 9.7 PioneerHilncAdv (MAV)-a ................ N 11.96 11.60 3.0 5.7 Stock Market Prem Market
NuvFloatRteIncOppty (JRO)-a ......... N 11.57 11.68 + 1.0 7.0 PIMCO Stratg Inc (RCS)-a ................ N NA 10.60 NA 9.0 PioneerMunHiIcmT (MHI)-a ............ N 12.80 12.16 5.0 5.3 Fund Name (Symbol) Exch NAV Price /Disc Return
Nuveen Senior Income (NSL)-a ........ N 6.89 6.83 0.9 6.7 StoneHarbor EM Tot Inc (EDI)-a ....... N 15.14 15.39 + 1.7 11.8 Putnam Mgd Inc (PMM) ................. N 7.89 7.57 4.1 5.5
StoneHarbor Emg Mkts Inc (EDF)-a .. N 14.73 16.20 + 10.0 13.3 Putnam Muni Opp (PMO) ................ N 13.15 12.65 3.8 5.3 General Equity Funds
Nuveen Sht Dur Crdt Opp (JSD)-a .... N 17.89 17.51 2.1 7.0 Alternative Strategies:A (N/A) ......... z NA NA NA NA
PionrFltRate Tr (PHD)-a ................... N 12.51 11.95 4.5 6.1 Templeton Em Inc (TEI)-a ................ N 12.88 11.32 12.1 5.4 Western Asset Int Muni (SBI) .......... A NA 9.89 NA 4.6
THL Credit Senior Loan (TSLF)-a ...... N 18.53 18.03 2.7 7.1 Templtn Glbl Inc (GIM)-a ................. N 7.54 6.74 10.6 6.5 Western Asset Mgd Muni (MMU) .... N NA 14.06 NA 5.5 Alternative Strategies:C (N/A) ......... z NA NA NA NA
Voya Prime Rate Trust (PPR) .......... N 5.69 5.33 6.3 5.9 Virtus Gl MSec Inc (VGI)-a ............... N 17.14 16.72 2.5 8.0 Western Asset Mun Hi Inc (MHF) .... N NA 7.50 NA 4.2 Specialized Equity Funds
WA Corporate Loan (TLI) ................ N NA 11.13 NA 7.7 WstAstEmergDebt (EMD) ............... N NA NA NA NA WstAstMuniPrtnrs (MNP) .............. N NA 16.11 NA 5.3 Crossroads Capital Inc (N/A) ........... z NA NA NA NA
High Yield Bond Funds Western Asset Gl Cr D Op (GDO) ..... N NA 18.06 NA 7.6 Westn Asst Mu Def Opp Tr (MTT) .... N NA 22.59 NA 4.9 CUSHING MLP INFRA I (MLP) ........ z NA NA NA NA
AllianceBernGlHiIncm (AWF) .......... N 13.97 12.85 8.0 7.0 WstAstVarRte (GFY) ....................... N NA 17.27 NA 5.0 Single State Muni Bond Griffin Inst Access RE:A (N/A) ......... z 26.67 NA NA 5.1
Avenue In Crdt Str (ACP)-a ............... N 15.16 14.01 7.6 10.3 National Muni Bond Funds AllCAMuniInc (AKP) ....................... N 15.26 13.69 10.3 4.4 Griffin Inst Access RE:C (N/A) ......... z 26.31 NA NA 4.4
Barings Glb SD HY Bd (BGH) ........... N NA 20.10 NA 9.3 AllBerNatlMunInc (AFB) ................. N 14.85 13.75 7.4 4.7 BlackRock CA Mun (BFZ)-a .............. N 15.22 14.50 4.7 5.4 Griffin Inst Access RE:I (N/A) .......... z 26.81 NA NA 5.4
BR Corporate HY (HYT)-a ................. N 12.13 11.07 8.7 8.1 BlckRk Inv Q Mun (BKN)-a ............... N 15.69 15.17 3.3 5.5 BlckRk CA 2018 (BJZ)-a ................... N 14.93 15.02 + 0.6 2.1 Griffin Inst Access RE:L (N/A) ......... z 26.68 NA NA NS
BR Debt Strategy (DSU)-a ................ N 12.62 11.57 8.3 6.8 BlckRk L-T Muni Adv (BTA)-a ........... N 12.44 12.02 3.4 5.5 BlckRk FL Muni 20 (BFO)-a .............. N NA 15.06 NA 2.4 Griffin Inst Access RE:M (N/A) ........ z 26.59 NA NA NS
BlackRock Ltd Dur Inc (BLW)-a ........ N 16.92 15.77 6.8 9.3 BR Mu InDur (MUI)-a ....................... N 15.30 13.98 8.6 4.7 BlackRock MA Tax-Exempt (MHE)-a A 13.82 13.84 + 0.1 4.5 NexPointRlEstStrat;A (N/A) ............ z 21.29 NA NA NS
Brookfield Real Asst Inc (RA) .......... N 25.57 NA NA NS BR MuniNY IntDu (MNE)-a ............... N 15.35 13.97 9.0 4.2 BlackRock MD Mun Bd (BZM)-a ....... A 15.15 14.70 3.0 3.8 NexPointRlEstStrat;C (N/A) ............ z 21.22 NA NA NS
CrSuisHighYld (DHY) ..................... A 2.80 2.90 + 3.6 9.6 BlckRk Muni 2018 (BPK)-a ............... N 15.06 15.00 0.4 2.0 BR MH CA Qly Fd Inc (MUC)-a .......... N 15.41 14.59 5.3 5.1 NexPointRlEstStrat;Z (N/A) ............ z 21.24 NA NA 11.0
CSAM Income Fd (CIK)-a ................. A 3.57 3.38 5.3 7.8 BlackRock Muni 2020 (BKK)-a ......... N 15.55 15.65 + 0.6 3.4 BR MH NJ Qly (MUJ)-a ..................... N 15.42 14.70 4.7 5.6 Resource RE Div Inc:A (N/A) ........... z 10.31 NA NA 8.0
DDJ High Yield Fund (HYB.U)-y ........ T 10.41 NA NA 4.1 BlackRock Muni 2030 Tgt (BTT)-a .... N 23.58 23.11 2.0 4.1 BR MH NY Qly (MHN)-a .................... N 14.71 14.02 4.7 5.0 Resource RE Div Inc:C (N/A) ........... z 10.30 NA NA 7.2
DoubleLine Inc Sol (DSL)-a .............. N NA 20.85 NA 8.7 BlackRock Mun Bd (BBK)-a .............. N 16.05 15.98 0.4 5.4 BlkRkMunyldAZ (MZA)-a ................. A 14.47 16.30 + 12.6 4.9 Resource RE Div Inc:D (N/A) ........... 10.47 NA NA 7.5
Dryfs Hi Yld Str (DHF)-a ................... N 3.57 3.49 2.2 9.0 BlackRock Muni (BFK)-a .................. N 14.35 14.31 0.3 5.8 BR MuniYld CA (MYC)-a .................. N 15.47 15.25 1.4 5.2 Resource RE Div Inc:I (N/A) ............ z 10.74 NA NA 7.1
EVHiInc2021 (EHT)-a ...................... N 10.32 10.12 1.9 5.9 BlackRock Muni II (BLE)-a ............... A 15.00 15.58 + 3.9 5.7 BR MuniYld CA Qly (MCA)-a ............. N 15.60 15.22 2.4 5.1 Resource RE Div Inc:T (N/A) ........... 10.28 NA NA 7.2
First Tr Hi Inc Lng/Shrt (FSD) .......... N 18.09 17.09 5.5 7.1 BlckRk Mun Inc Inv (BBF)-a .............. N 14.40 15.23 + 5.8 5.7 BR MuniYld MI Qly (MIY)-a .............. N 15.36 14.17 7.7 5.4 Resource RE Div Inc:U (N/A) ........... 10.32 NA NA 8.1
FirstTrStrHiInc2 (FHY) .................... N 14.64 13.70 6.4 7.9 BlckRk Muni Inc Qly (BYM)-a ........... N 15.07 14.80 1.8 5.4 BR MuniYld NJ (MYJ)-a ................... N 15.76 16.70 + 6.0 5.6 Resource RE Div Inc:W (N/A) .......... z 10.46 NA NA 7.7
Franklin Univ (FT)-a ......................... N 8.07 7.15 11.4 5.4 BlckRk Muni Inc Inv Qly (BAF)-a ....... N 15.51 14.99 3.4 5.5 BR MuniYld NY Qly (MYN)-a ............ N 14.12 13.13 7.0 5.0 SharesPost 100 (N/A) ..................... z 25.63 NA NA 0.7
Guggeneheim Strat Opps (GOF)-a .... N 19.68 21.04 + 6.9 10.3 BR MuniAssets Fd (MUA)-a ............. N 14.15 15.28 + 8.0 4.6 BR MuniYld PA Qly (MPA)-a ............. N 15.58 14.50 6.9 5.2 Tot Inc+ RE:A (N/A) ......................... z 29.23 NA NA 6.0
InvHighIncTrII (VLT)-a .................... N 16.33 14.93 8.6 7.2 BR MuniEnhanced (MEN)-a ............. N 11.84 12.19 + 3.0 5.7 BlackRock NJ Muni Bond (BLJ)-a ..... A 15.53 15.20 2.1 5.4 Tot Inc+ RE:C (N/A) ......................... z 28.53 NA NA 5.2
IVY HIGH INCOME OPP (IVH)-a ....... N 16.31 15.48 5.1 9.6 BR MuniHoldng2 (MUH)-a ............... N 15.59 16.01 + 2.7 5.6 BlackRock NJ Muni Income (BNJ)-a . N 15.26 15.84 + 3.8 5.4 Tot Inc+ RE:I (N/A) .......................... z 29.53 NA NA 6.2
MFS IntmdHgInc (CIF) .................... N 2.86 2.88 + 0.7 9.99 BR MuniHoldings Qly (MFL)-a ......... N 14.73 15.03 + 2.0 5.8 BlckRk NY Muni Inc Qly (BSE)-a ....... N 14.85 13.51 9.0 4.6 Versus Cap MMgr RE Inc:F (N/A) .... z 27.64 NA NA 4.6
MFS Special Value (MFV) ................ N 6.08 6.70 + 10.2 9.3 BR MH Qly (MUS)-a ......................... N 13.97 13.77 1.4 5.9 BlckRk NY 2018 (BLH)-a .................. N 14.95 14.93 0.1 1.3 Versus Cap MMgr RE Inc:I (N/A) ..... z 27.72 NA NA 4.9
NeubHgYldStrt (NHS)-a ................... N 13.35 11.89 10.9 7.8 BR MH Qly 2 (MUE)-a ....................... N 14.09 13.92 1.2 5.6 BlackRock NY Mun Bd (BQH)-a ........ N 15.88 14.46 8.9 4.9 Wildermuth Endwmnt Str (N/A) ...... z 12.38 NA NA 10.3
New Amer Hi Inc (HYB) ................... N 10.25 9.51 7.2 7.9 BR MuniHoldngs (MHD)-a ............... N 16.95 17.93 + 5.8 5.5 BlackRock NY Mun (BNY)-a ............. N 14.90 15.14 + 1.6 4.8 Wildermuth Endwmnt S:C (N/A) ..... z 12.25 NA NA 9.4
NexPointCreditStrat (NHF) ............. N 24.65 22.24 9.8 11.7 BR MuniVest Fd (MVF)-a .................. A 9.64 9.79 + 1.6 6.0 BlackRock NY Mun II (BFY)-a ........... A 15.49 14.93 3.6 5.1 Wildermuth Endwmnt S:I (N/A) ....... z 12.38 NA NA NS
Nuveen Crdt Opps 2022 TT (JCO)-a .. N 9.89 10.03 + 1.4 NS BR MuniVest 2 (MVT)-a ................... N 15.23 15.94 + 4.7 5.9 BlackRock VA Mun (BHV)-a ............. A 15.60 17.90 + 14.7 3.8 Income & Preferred Stock Funds
Nuveen Global High Inc (JGH)-a ....... N 18.43 17.28 6.2 8.6 BR MuniYield Fd (MYD)-a ................ N 14.80 15.30 + 3.4 5.7 Del CO Muni Inc (VCF)-a ................... A 15.12 15.10 0.1 4.7 MultiStrat Gro & Inc:A (N/A) ............ z NA NA NA NA
Nuveen Hi Inc 2020 Trgt (JHY)-a ...... N 9.91 10.15 + 2.4 6.5 BR MuniYld Invest Qly (MFT)-a ........ N 14.49 14.34 1.0 5.9 Del MN II (VMM)-a ........................... A 14.61 14.58 0.2 3.9 MultiStrat Gro & Inc:C (N/A) ............ z NA NA NA NA
Nuveen HI Dec 2018 Tgt (JHA)-a ...... N 10.11 10.04 0.7 5.7 BR MuniYield Qlty (MQY)-a .............. N 15.69 15.55 0.9 5.6 EVCAMuniBd (EVM) ....................... A 12.50 11.77 5.8 5.2 MultiStrat Gro & Inc:I (N/A) ............. z NA NA NA NA
Nuveen HI Dec 2019 Tgt (JHD)-a ...... N 10.27 10.22 0.5 5.9 BR MuniYld Qlty2 (MQT)-a ............... N 13.78 13.33 3.3 5.6 Eaton Vance CA Muni Bd 2 (EIA) ...... A 12.97 11.96 7.8 4.5 MultiStrat Gro & Inc:L (N/A) ............ z NA NA NA NA
Nuveen HI Nov 2021 Tgt (JHB)-a ...... N 10.14 10.17 + 0.3 NS BR MuniYld Qly 3 (MYI)-a ................ N 14.33 14.48 + 1.0 5.7 EVCAMuniIncm (CEV)-a .................. A 13.97 12.57 10.0 4.1 The Relative Value:CIA (VFLEX) ...... z 25.12 NA NA NS
Pacholder Hi Yld (PHF)-c ................. A NA NA NA 6.0 BR MuniYldInv (MYF)-a ................... N 14.86 16.25 + 9.4 5.9 Eaton Vance MA Muni Bd (MAB) ..... A 15.27 13.98 8.4 4.1 Convertible Sec's. Funds
PIMCO Flexible Cr I;Inst (N/A) ......... NA NA NA NS BlckRk Str Muni (BSD)-a .................. N 14.33 14.09 1.7 5.6 EV MA Muni Inc (MMV)-a ................. A 15.05 13.63 9.4 3.8 Calmos Dyn Conv and Inc (CCD) ..... z 20.76 20.30 2.2 14.8
PionrDivHiIncTr (HNW)-a ................ A 17.60 16.41 6.8 8.7 Del Inv Natl Muni Income (VFL)-a ..... A 14.57 13.65 6.3 4.8 Eaton Vance MI Muni Bd (MIW) ...... A 15.34 13.90 9.4 4.4 World Equity Funds
PioneerHilncmTr (PHT)-a ................ N 10.75 9.92 7.8 9.1 Deutsche Muni Inc (KTF)-a ............... N 12.62 13.27 + 5.2 6.2 EV MI Muni Inc (EMI)-a .................... A 14.94 13.80 7.6 3.8
Deutsche Strat Mun (KSM)-a ........... N 12.46 12.62 + 1.3 5.7 Eaton Vance NJ Muni Bd (EMJ) ....... A 14.48 13.43 7.3 4.9 BMO LGM Front ME (N/A) ............... z 10.17 NA NA 17.6
Prudential Gl Sht Dur HY (GHY)-a ..... N 16.49 14.97 9.2 8.1 12 mos
Prudential Sht Dur HY (ISD)-a .......... N 16.73 15.23 9.0 8.0 Dreyfus Muni Bd Infra (DMB) .......... N 14.12 13.42 5.0 5.1 EVNJMuniIncm (EVJ)-a ................... A 13.68 12.41 9.3 4.7
Dreyfus Income (DMF)-a ................. A 9.33 9.10 2.5 5.4 Eaton Vance NY Muni Bd (ENX) ....... A 13.65 12.62 7.5 5.1 Stock Market Prem Yield
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Wells Fargo Income Oppty (EAD)-a .. A NA 8.53 NA 9.1

WstAstGlHiInco (EHI) ..................... N NA 10.28 NA 10.0 Dreyfus Str Muni (DSM)-a ............... N 8.42 8.69 + 3.2 5.8 Eaton Vance NY Muni Bd 2 (NYH) .... A 13.18 11.99 9.0 4.8 Fund Name (Symbol) Exch NAV Price /Disc 6/30/17
WstAstHIF II (HIX) .......................... N NA 7.27 NA 9.2 Dreyfus St Munis (LEO)-a ................ N 8.63 9.04 + 4.8 5.7 EVNYMuniIncm (EVY)-a .................. A 14.41 13.09 9.2 4.7
Western Asset Hi Inc Opp (HIO) ...... N NA 5.12 NA 7.7 DTF Tax-Free Income (DTF)-a .......... N 15.68 14.56 7.1 5.3 Eaton Vance OH Muni Bd (EIO) ........ A 14.04 13.28 5.4 4.5 U.S. Mortgage Bond Funds
Western Asset Hi Yld D O (HYI) ....... N NA 15.61 NA 8.2 EVMuniBd (EIM) ............................. A 13.78 12.79 7.2 5.1 EV OH Muni Inc (EVO)-a ................... A 15.11 13.70 9.3 4.4 Vertical Capital Income (N/A) .......... z 12.55 NA NA 3.0
EVMuniBdII (EIV) ........................... A 13.61 12.66 7.0 4.7 Eaton Vance PA Muni Bd (EIP) ........ A 14.29 12.98 9.2 5.1 Loan Participation Funds
Other Domestic Taxable Bond Funds EVMuniIncm (EVN)-a ...................... N 13.33 13.02 2.3 5.4 EV PA Muni Inc (EVP)-a .................... A 13.81 12.25 11.3 4.4 504 Fund (N/A) ............................... z 9.80 NA NA 3.5
Apollo Tactical Income (AIF) ........... N 17.54 16.44 6.3 9.0 EVNatMuniOpp (EOT) ..................... N 21.90 22.24 + 1.6 4.6 InvCaValMuIncTr (VCV)-a ................ N 13.47 12.77 5.2 5.1 FedProj&TrFinanceTender (N/A) ..... z 10.04 NA NA NS
Ares Dynamic Crdt Alloc (ARDC) ..... N NA 16.30 NA 7.5 Eaton Vance Tx-Ad Bd&Opt (EXD) ... N 12.50 11.54 7.7 10.1 InvPAValMuIncTr (VPV)-a ............... N 14.01 12.46 11.1 5.2 FS Global Crdt Opptys D (N/A) ......... z NA NA NA NA
Barings Corporate Inv (MCI) ........... N NA 15.25 NA 3.9 FedPremIntMuInc (FPT) ................. N 14.29 13.86 3.0 4.2 InvTrInvGrNYMu (VTN)-a ................ N 14.61 13.70 6.2 5.2 Invesco Sr Loan A (N/A) .................. z 6.62 NA NA 4.5
Barings Part Inv (MPV) ................... N NA 14.13 NA 3.8 FedPremMuInc (FMN) .................... N 15.09 14.85 1.6 5.3 MFS CA Muni (CCA) ........................ A 12.56 11.78 6.2 4.8 Invesco Sr Loan B (N/A) .................. z 6.62 NA NA 4.5
BlackRock Mlt-Sctr Inc (BIT)-a ......... N 19.49 18.17 6.8 10.5 InvAdvMuIncTrII (VKI)-a ................. A 12.17 11.69 3.9 5.8 Nuveen AZ Qual Muni Inc (NAZ)-a .... N 14.51 14.94 + 3.0 4.8 Invesco Sr Loan C (N/A) .................. z 6.63 NA NA 3.8
BlackRock Tax Muni Bd (BBN)-a ...... N 23.14 23.16 + 0.1 6.9 Invesco MuniOp (OIA)-a .................. N 7.56 7.79 + 3.0 5.2 Nuveen CA AMT-F Qual MI (NKX)-a .. A 15.71 15.87 + 1.0 5.1 Invesco Sr Loan IB (N/A) ................. z 6.62 NA NA 4.8
DoubleLine:Oppor Crdt Fd (DBL)-a .. N NA 25.21 NA 7.9 InvescoMuOppTr (VMO)-a .............. N 13.53 13.21 2.4 6.2 Nuveen CA Val (NCA)-a .................... N 10.36 10.29 0.7 4.1 Invesco Sr Loan IC (N/A) ................. z 6.62 NA NA 4.6
Duff&Ph Util Cor (DUC)-a ................. N 9.82 9.19 6.4 6.5 InvescoMuTr (VKQ)-a ...................... N 13.52 12.89 4.7 5.8 Nuveen CA Muni Value 2 (NCB)-a ..... N 16.49 17.80 + 7.9 4.3 Invesco Sr Loan Y (N/A) .................. z 6.62 NA NA 4.8
EVLmtDurIncm (EVV)-a ................... A 15.13 13.97 7.7 7.4 InvescoQual Inc (IQI)-a .................... N 13.62 12.80 6.0 5.6 NuveenCAQtyMuInc (NAC)-a ........... N 15.59 15.38 1.3 5.5 RiverNorth MP Lending (RMPLX) ... z 25.18 NA NA NS
Franklin Ltd Dur Income (FTF) ......... A NA 11.98 NA 9.95 InvTrInvGrMu (VGM)-a .................... N 14.01 13.52 3.5 5.7 Nuveen CA Sel Tx-Free (NXC)-a ........ N 15.27 15.54 + 1.8 3.9 Sierra Total Return:T (SRNTX) ........ z 25.01 NA NA NS
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Guggenheim Credit Alloc (GGM)-a ... N 22.37 23.18 + 3.6 9.3 InvescoValMunInc (IIM)-a ............... N 16.24 15.23 6.2 5.0 Nuveen CT Qual Muni Inc (NTC)-a .... N 13.97 12.44 11.0 4.9 Voya Senior Income:A (N/A) ........... z 12.62 NA NA 5.4
Guggenheim Tx Mun Mgd Dr (GBAB)-a N 23.15 22.84 1.3 6.7 MAINSTAY:DEFTERM MUNIOPP (MMD)-a N 20.06 19.97 0.4 5.4 NuvGA Qual Muni Inc (NKG)-a .......... A 13.68 13.06 4.5 4.6 Voya Senior Income:C (N/A) ........... z 12.60 NA NA 5.0
Invesco HI 2023 Tgt Term (IHIT)-a ... N 10.07 10.15 + 0.8 NS MFS HgIncMuniTr (CXE) ................ N 5.39 5.36 0.6 5.6 Nuveen MA Qual Muni Inc (NMT)-a .. N 14.62 13.85 5.3 4.8 Voya Senior Income:I (N/A) ............ z 12.59 NA NA 5.7
J Han Investors (JHI) ...................... N 18.60 17.65 5.1 7.6 MFS HgYldMuniTr (CMU) ............... N 4.85 4.78 1.4 5.7 Nuveen MD Qual Muni Inc (NMY)-a .. N 14.53 13.09 9.9 5.0 Voya Senior Income:W (N/A) .......... z 12.63 NA NA 5.7
KKR Income Opportunities (KIO)-a .. N NA NA NA 9.0 MFS Inv Gr (CXH) ........................... N 10.64 10.20 4.1 4.7 Nuveen MI Qual Muni Inc (NUM)-a ... N 15.38 13.83 10.1 4.9 High Yield Bond Funds
MFS Charter (MCR) ........................ N 9.39 8.73 7.0 8.6 MFS Muni Inco (MFM) .................... N 7.39 7.35 0.5 5.3 Nuveen Minn Qual Mun Inc (NMS)-a A 14.97 16.07 + 7.3 4.9 Garrison Capital Inc (N/A) ............... z NA NA NA NA
MFS Multimkt (MMT) ..................... N 6.73 6.27 6.8 8.6 Mgd Dur Inv Grade Muni (MZF)-a ..... N 14.68 13.78 6.1 4.5 Nuveen MO Qual Mun Inc (NOM)-a .. A 13.82 15.54 + 12.4 4.5 Griffin Inst Access Cd:A (N/A) ......... z NA NA NA NS
Nuveen Bld Amer Bd Oppty (NBD)-a . N 22.64 21.72 4.1 5.5 NeubrgrBrmCA (NBW) ................... A 15.22 14.34 5.8 4.8 Nuveen NC Qual Muni Inc (NNC)-a ... N 14.88 13.38 10.1 4.1 Griffin Inst Access Cd:C (N/A) ......... z NA NA NA NS
Nuveen Build Amer Bond (NBB)-a .... N 21.84 21.07 3.5 6.0 NeubrgrBrm (NBH) ......................... A 15.51 15.67 + 1.0 5.6 Nuveen NJ Muni Value (NJV)-a ........ N 15.76 15.01 4.8 4.1 Griffin Inst Access Cd:I (N/A) .......... z NA NA NA NS
PCM Fund (PCM)-a .......................... N NA 11.31 NA 13.0 NeubrgeBrmNY (NBO) ................... A 14.17 12.81 9.6 4.3 NuvNJ Qual Muni Inc (NXJ)-a ........... A 15.63 14.00 10.4 5.3 PIMCO Flexible Cr I;Inst (N/A) ......... NA NA NA NS
PIMCO Corp & Inc Oppty (PTY)-a ..... N NA 16.53 NA 10.5 Nuveen AMT-Fr Mu Val (NUW)-a ...... N 16.91 17.47 + 3.3 4.3 Nuveen NY AMT/Fr Qual MI (NRK)-a A 14.47 13.20 8.8 5.0 PionrILSInterval (N/A) .................... z 10.55 NA NA 9.6
PIMCO Corp & Inc Strat (PCN)-a ...... N NA 17.65 NA 10.2 Nuveen AMT-Fr Qlty Mun I (NEA)-a .. A 14.95 13.82 7.6 5.5 Nuveen NY Val (NNY)-a .................... N 9.98 10.11 + 1.3 3.7 WA Middle Mkt Dbt (N/A) ................ z NA NA NA 8.4
PIMCOHilnco (PHK)-a ..................... N NA 8.73 NA 12.8 Nuveen AMT-Fr Mu CI (NVG)-a ........ A 16.13 15.38 4.6 5.8 Nuveen NY Muni Value 2 (NYV)-a ..... N 15.54 15.44 0.6 4.2 WA Middle Mkt Inc (WMF) .............. z NA NA NA 8.4
PIMCO IncmStrFd (PFL)-a ............... N NA 12.07 NA 9.1 Nuv Enh Muni Cr Inc (NZF)-a ............ A 15.77 15.14 4.0 6.0 Nuveen NY Qual Muni Inc (NAN)-a ... N 15.09 14.26 5.5 5.1 Other Domestic Taxable Bond Funds
PIMCO IncmStrFd II (PFN)-a ............ N NA 10.57 NA 9.2 Nuveen Enh Muni Val (NEV)-a .......... N 15.00 14.57 2.9 5.9 Nuveen NY Sel Tx-Free (NXN)-a ....... N 14.19 13.88 2.2 3.9 Capstone Church Capital (N/A) ........ z 11.63 NA NA 1.2
Putnam Mas Int (PIM) .................... N 5.04 4.74 6.0 6.6 Nuveen Int Dur Mun Term (NID)-a .... N 13.65 13.39 1.9 4.9 Nuveen OH Qual Muni Inc (NUO)-a ... N 16.60 15.02 9.5 4.8 CION Ares Dvsfd Crdt;A (N/A) ......... z NA NA NA NS
Putnam Prem Inc (PPT) .................. N 5.57 5.40 3.1 5.7 Nuveen Int Dur Qlty Mun (NIQ)-a ...... N 13.91 13.16 5.4 3.9 Nuveen PA Muni Value (NPN)-a ........ N 15.29 15.67 + 2.5 4.6 GL Beyond Income (N/A) ................ z 3.86 NA NA NE
Wells Fargo Multi-Sector (ERC)-a .... A NA 13.36 NA 8.8 NuvMuni2021TgtTerm (NHA)-a ....... N 9.67 10.01 + 3.5 2.3 Nuveen PA Qual Muni Inc (NQP)-a .... N 15.12 13.50 10.7 5.3 Palmer Square Opp Income (N/A) ... z NA NA NA 6.1
World Income Funds NuvMuniHiIncOpp (NMZ)-a ............. A 13.29 13.52 + 1.7 6.2 Nuveen TX Qual Mun Inc (NTX)-a ..... N 15.40 14.43 6.3 4.5 Resource Credit Inc:A (N/A) ............ z 11.13 NA NA 6.4
Abrdn AP IncFd (FAX) ..................... A NA 5.08 NA 8.0 Nuveen Muni Inc (NMI)-a ................. N 11.36 11.81 + 4.0 4.2 Nuveen VA Qlty Mun Inc (NPV)-a ...... N 14.39 13.27 7.8 4.4 Resource Credit Inc:C (N/A) ............ z 11.25 NA NA 5.7
Aberdeen Global Income (FCO) ....... N NA 8.80 NA 9.1 Nuveen Muni Val (NUV)-a ................ N 10.24 10.13 1.1 3.9 PIMCO CA (PCQ)-a .......................... N NA 16.87 NA 5.4 Resource Credit Inc:I (N/A) ............. z 11.16 NA NA 6.6
BlackRock 2022 Gl Inc Op (BGIO)-a .. N 9.87 10.12 + 2.5 NS Nuveen Quality Muni Inc (NAD)-a ..... N 15.30 14.21 7.1 5.7 PIMCOCAMuniII (PCK)-a ................. N NA 10.07 NA 5.5 Resource Credit Inc:W (N/A) ........... z 11.13 NA NA 6.2

TOP SAVINGS DEPOSIT YIELDS

Money Market Account1 One-Year CDs Five-Year CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
Dollar Savings Direct Ossining,NY (866)395-8693 1 1.39 (CD) 1.40 Popular Direct Pleasantn,US (800)274-5696 10000 1.54 (CD) 1.55 Popular Direct Pleasantn,US (800)274-5696 10000 2.32 (CD) 2.35
CIT Bank Livingstn,NJ (855)462-2652 1 1.29 (CD) 1.30 First Internet Bank Indianapolis,US (888)873-3424 1000 1.51 (CM) 1.52 First Internet Bank Indianapolis,US (888)873-3424 1000 2.28 (CM) 2.30
BankDirect Dallas,TX (877)839-2737 10000 1.24 (CD) 1.25 EverBank Jackson,US (888)882-3837 5000 1.51 (CD) 1.52 Barclays Bank Wilmingtn,US (888)710-8756 1 2.27 (CD) 2.30
American Express Salt Lake City,US (800)446-6307 1 1.14 (CD) 1.15 BankDirect Dallas,TX (877)839-2737 10000 1.49 (CD) 1.50 EverBank Jackson,US (888)882-3837 5000 2.27 (CD) 2.30
MyBankingDirect.com Westbury,US (866)285-1856 5000 1.14 (CM) 1.15 Barclays Bank Wilmingtn,US (888)710-8756 1 1.44 (CD) 1.45 Ally Bank Philadelphia,PA (877)247-2559 1 2.23 (CD) 2.25
Six-Month CDs2 2-Year CDs 90-Day Jumbo CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
First Internet Bank Indianapolis,US (888)873-3424 1000 1.36 (CM) 1.37 EverBank Jackson,US (888)882-3837 5000 1.64 (CD) 1.65 First Internet Bank Indianapolis,US (888)873-3424 1000 1.20 (CM) 1.21
Dollar Savings Direct Ossining,NY (866)395-8693 1000 1.24 (CD) 1.25 Capital One 360 Wilmingtn,DE (877)469-0232 1 1.59 (CM) 1.60 Ameriprise Ntl Trust Bk Minneapolis,US (888)356-1006 100000 0.95 (CM) 0.95
Nationwide Bank Columbus,US (877)422-6569 500 1.19 (CD) 1.20 Discover Bank Greenwood,US (800)347-7000 2500 1.54 (CD) 1.55 EverBank Jackson,US (888)882-3837 5000 0.80 (CD) 0.80
MyBankingDirect.com Westbury,US (866)285-1856 2500 1.00 (CD) 1.01 Middlesex Savings Bk Middlesex,MA (877)463-6287 250 1.49 (CM) 1.50 Popular Direct Pleasantn,US (800)274-5696 10000 0.75 (CD) 0.75
Ameriprise Ntl Trust Bk Minneapolis,US (888)356-1006 1000 1.00 (CM) 1.00 Republic Bk Trust Louisville,KY (502)584-3600 1000 1.39 (CD) 1.40 Bank of Internet USA San Diego,CA (877)541-2634 1000 0.55 (CD) 0.55
1Including passbook, statement savings, and bank-offered liquid asset accounts.
Yields are based on the stated rate and compounding method in effect Friday and are subject Source: (c) 2017, Informa Research Services, 26565 Agoura Road #300, Calabasas, CA
2Six-month CD yields assume reinvestment of principal and interest at the same rate for an to change. Phone to verify before investing or sending money. 91302-1942 818-880-8877. All rights reserved. May not be reproduced or retransmitted in
additional six months. any form without express written consent of Informa Research Services.
(CC) Compounded continuously; (SA) compounded semiannually; (CD) compounded daily;
Rates are the highest yields on six types of accounts offered by federally-insured banks and (CA) compounded annually; (CM) compounded monthly; (SI) simple interest; (CQ) com-
savings associations nationwide. pounded quarterly
 M34 BARRONS July 17, 2017

Market Laboratory
DJ AVERAGES THE DOW JONES AVERAGES TRADING DIARY
Dow Jones 30 Industrial (divisor: 0.14602128057775) See barrons.com/mktlab for complete table
Week's
Daily Jul 10 11 12 13 14 COMPONENTS Change INDUSTRIALS Daily Jul 10 11 12 13 14
21800
Open (t) 21382.64 21410.37 21507.07 21543.37 21549.32 3M 2.18 % (QCHA) +.09 +.16 +.63 +.22 +.46
Open (a) 21381.23 21410.17 21467.93 21537.19 21532.77 American Express 0.95 % (QACH) +1.18 +.22 +.68 .25 +.49
Close 21408.52 21409.07 21532.14 21553.09 21637.74 % (QCHAQ) .38 .01 +.73 +.15 +.80
High (t) 21537.44 21512.24 21645.35 21652.36 21697.63 Apple 4.86
Low (t) 21283.37 21267.14 21432.08 21433.22 21467.18 Boeing 6.14 21550 Market Advance/Decline Totals
High (a) 21446.39 21441.62 21580.79 21568.72 21681.53 Caterpillar 1.85 Week ended last Friday compared to previous Friday
Low (a) 21371.11 21279.30 21467.93 21512.36 21521.72
Change 5.82 +.55 +123.07 +20.95 +84.65 Chevron 0.95 Weekly Comp. NYSE NYSE MKT Nasdaq NYSE Arca
Theoretical (t): High 21697.63 Low 21267.14 Cisco Systems 0.52 Total Issues 3,129 349 3,136 1,481
21300 Advances 2,174 221 1,772 1,256
Actual (a): High 21681.53 Low 21279.30 Coca-Cola 0.29 Declines 902 114 1,282 221
Dow Jones 20 Transport (divisor: 0.16416809180007) Disney 1.77 Unchanged 53 14 82 4
Open (t) 9662.41 9676.79 9682.09 9705.42 9708.71 DuPont 2.72 New Highs 323 14 282 305
Open (a) 9677.70 9673.76 9647.02 9710.53 9709.80 21050 New Lows 83 16 153 65
Close 9673.80 9599.43 9716.32 9703.23 9742.76 ExxonMobil 1.06
High (t) 9748.61 9696.04 9775.38 9780.89 9785.73 General Electric 0.63
Low (t) 9618.13 9543.60 9633.08 9638.08 9655.01
High (a) 9716.81 9673.76 9727.62 9742.76 9763.66 Goldman Sachs 3.32 OTHER MARKET INDEXES
Low (a) 9656.28 9555.97 9647.02 9690.22 9687.12 Home Depot 0.65 20800
Change 21.14 74.37 +116.89 13.09 +39.53 Daily 7/10 7/11 7/12 7/13 7/14
IBM 1.30
Theoretical (t): High 9785.73 Low 9543.60 NYSE MKT Comp 2489.89 2497.23 2547.19 2544.52 2569.87
Actual (a): High 9763.66 Low 9555.97 Intel 0.80 AmMajorMkt 2181.69 2181.54 2197.44 2196.71 2207.55
Johnson & Johnson 0.06 20550 BNY ADR Idx 140.78 141.16 142.76 143.03 143.93
Dow Jones 15 Utilities (divisor: 1.26341348266030)
Open (t) 703.29 702.77 707.21 705.46 708.13
JPMorgan Chase -1.60 Europe 133.50 133.50 134.83 135.15 135.94
Open (a) 702.68 701.95 706.47 705.02 706.27 McDonald's -0.99 Latin Am 222.70 225.00 230.06 229.88 232.17
Close 701.43 701.24 705.49 703.35 707.35 Asia 160.09 161.15 163.02 163.28 164.29
Merck -0.10
High (t) 706.12 703.92 709.96 708.84 711.67 20300 Emerg M 290.05 292.75 297.65 298.21 301.18
Low (t) 700.28 697.54 704.05 701.22 705.69 Microsoft 3.32 DJ US TSM Float 25138.47 25133.95 25320.05 25364.80 25477.16
High (a) 705.71 702.74 708.77 707.80 710.77 Nike Cl B 0.02 Nasdaq Cmp 6176.39 6193.30 6261.17 6274.44 6312.47
Low (a) 701.36 697.88 705.32 703.12 706.27
Change .61 .19 +4.25 2.14 +4.00 Pfizer 0.08 100 Index 5694.15 5709.80 5778.95 5793.36 5838.08
Theoretical (t): High 711.67 Low 697.54 Procter & Gamble -0.55 20050 Indus. 4997.08 5003.70 5058.58 5057.40 5080.77
Actual (a): High 710.77 Low 697.88 Insur. 8486.82 8459.94 8488.96 8506.87 8515.36
Travelers Cos -1.45
Banks 3771.15 3760.96 3767.91 3773.63 3749.65
Dow Jones 65 Composite (divisor: 0.75391209359437) United Technologies 0.80 Computer 3496.97 3514.28 3562.67 3575.71 3611.46
Open (t) 7424.11 7431.74 7459.07 7468.24 7474.58 UnitedHealth Group -1.06 19800 Telecom 297.56 298.02 298.89 299.02 299.89
Open (a) 7426.14 7429.66 7442.60 7467.31 7468.50 NYSE Comp.-z 11751.79 11744.77 11825.90 11844.62 11897.32
Close 7428.48 7412.07 7468.48 7466.11 7497.81
Verizon Communications 0.08
VISA Cl A 3.01 Financial-z 7518.88 7494.35 7531.32 7564.33 7565.60
High (t) 7477.61 7457.59 7510.76 7511.44 7526.01
Health Care-z 13641.60 13614.67 13724.93 13702.30 13794.40
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Low (t) 7390.19 7366.24 7428.57 7425.14 7442.90 Wal-Mart Stores 1.01
High (a) 7447.57 7431.49 7481.36 7479.24 7512.89 Energy-z 9975.31 10029.10 10088.80 10121.58 10192.45
19550
Low (a) 7421.05 7373.23 7442.60 7456.91 7468.50 Russell 1000 1344.67 1344.12 1353.93 1356.41 1362.61
Change 6.76 16.41 +56.41 2.37 +31.70 2000 1408.47 1413.05 1424.32 1425.66 1428.82
Theoretical (t): High 7526.01 Low 7366.24 TRANSPORTATION 9820 3000 1437.43 1437.24 1447.81 1450.36 1456.73
Actual (a): High 7512.89 Low 7373.23 Alaska Air Group -1.26 Value-v 1136.13 1134.55 1140.34 1142.89 1146.49
American Airlines Group 1.19 Growth-v 1198.19 1198.90 1210.38 1212.09 1219.41
MidCap 1904.15 1904.24 1918.47 1923.23 1931.58
STOCK VOLUME Avis Budget Group 3.28 9680
S&P 100 Index 1069.62 1068.81 1075.97 1078.41 1083.13
CH Robinson Worldwide 1.49 500 2427.43 2425.53 2443.25 2447.83 2459.27
Last Prev. Year YOY
Week Week Ago % Chg
CSX 0.23 Ind. 3212.21 3214.09 3240.02 3244.72 3264.99
9540
Delta Air -0.33 MidCap 1743.07 1745.35 1757.34 1759.38 1765.32
NYSE(a) 3,819,108 2,988,288 4,329,136 -11.78 SmallCap 849.34 851.35 857.94 860.35 862.70
Expeditors Intl of Wash 0.34
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

30 Dow Inds (b) 1,183,571 978,557 1,504,435 -21.33

Value Line(A) 5510.86 5518.36 5557.94 5573.93 5596.38
20 Dow Trans (b) 239,714 162,603 428,903 -44.11 FedEx 0.55 9400
Value Line(G) 519.57 520.24 523.91 525.35 527.44
15 Dow Utils (b) 186,909 135,403 218,558 -14.48 JB Hunt Transport -1.80
65 Dow Stks (b) 1,610,194 1,276,564 2,151,897 -25.17 DJ US Small TSM 9499.46 9529.68 9603.84 9614.22 9643.65
JetBlue Airways 0.07 (A)-Arithmetic Index. (G)-Geometric Index.
NYSE MKT(a) 58,302 36,193 61,202 -4.74 9260 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec.
Nasdaq(d) 8,626,413 6,647,373 8,399,563 2.70 Kansas City Southern 0.50
31,2002=5000.
NYSE 15 Most Active Kirby Corp 1.00
Average Price 13.03 14.86 15.36 -15.17 Landstar System -0.60 9120
% Tot Vol 14.07 14.71 14.01 0.43
Stock Offerings $(z,v) 758,200 r480,500 3,511,900 -78.41 Matson Inc. -0.14 S&P DOW JONES INDEXES
Norfolk Southern 1.66 8980 Friday % Chg
Daily Stock Volume
Ryder System -0.16 Close Chg Week 1 Year 3 Year
Daily 7/10 7/11 7/12 7/13 7/14
Southwest Airlines -2.31 DJ U.S. Total Stock Market 25477.16 344.69 1.37 14.19 7.25
NYSE(a) 798,736 784,030 793,835 768,186 674,321 8840 US Large Cap 5772.14 80.19 1.41 13.99 7.42
30 Inds (b) 248,473.2 233,803.8 254,682.2 222,771.5 223,840.4 Union Pacific 1.18
US Large Growth 6523.95 122.43 1.91 18.53 9.56
20 Trans (b) 46,859.0 41,519.4 53,611.8 56,201.0 41,523.2 United Continental Hldgs 0.91 US Large Value 4794.30 44.16 0.93 9.89 5.42
15 Utils (b) 35,854.6 35,706.2 38,161.0 40,293.7 36,893.0 United Parcel Service B 2.05 US Mid Cap 9936.50 124.82 1.27 12.63 6.81
8700
65 Stks (b) 331,186.7 311,029.4 346,455.0 319,266.2 302,256.6 US Mid Growth 9719.51 99.96 1.04 15.72 7.63
NYSE MKT(a) 16,151 13,634 11,607 8,486 8,424 US Mid Value 8232.23 129.16 1.59 8.70 5.63
Nasd(d) 1,659,126 1,780,656 1,795,834 1,788,572 1,602,225 UTILITIES 740 US Small Cap 9643.65 105.08 1.10 15.31 6.09
NYSE 15 Most Active AES 0.27 US Small Growth 8661.80 104.68 1.22 18.25 7.57
Avg. Price 13.34 12.85 11.40 17.40 26.08 American Elec Power -0.98 US Small Value 9625.03 87.35 0.92 11.20 3.92
% Tot Vol 13.55 14.80 15.26 15.41 15.32 Microcap 12551.78 80.45 0.65 23.88 3.99
Numbers in thousands save price and percentages. (a) Primary
American Water Works 0.88
DJ U.S. Select REIT -a 9485.54 105.98 1.13 4.49 7.44
volume. (b) Composite volume. (d) as of 4:10 pm. (r) Revised. (v) CenterPoint Energy 0.30 DJ U.S. Select RESI -a 997.38 11.14 1.13 4.49 7.42
W/E Thursday. (z) Source: Thomson Reuters.
715
Consolidated Edison 0.20 US TMI 614.58 8.44 1.39 13.99 7.26
Dominion Energy 0.76 US Select Dividend -a 1814.28 8.23 0.46 9.57 10.54
Select Microcap 2428.52 11.66 0.48 25.71 11.58
NYSE HALF-HOURLY VOLUME Duke Energy 0.42 Global Titans 50 277.42 4.83 1.77 13.64 4.12
Daily 7/10 7/11 7/12 7/13 7/14 Edison Intl 0.62 690 Asian Titans 50 162.25 5.66 3.62 21.22 1.67
Exelon 0.48 DJ Islamic Market 3327.70 72.22 2.22 13.48 4.49
9:30-10:00 87,583 89,585 103,997 83,460 86,136 Islamic Titans 100 3727.39 85.80 2.36 12.95 5.11
10:00-10:30 44,336 47,254 51,821 52,305 41,859 FirstEnergy 0.95 Islamic Emerging 2348.04 82.86 3.66 20.17 1.21
10:30-11:00 41,169 41,210 53,095 38,762 34,901 NextEra Energy 1.18 Islamic Technology 5242.26 203.28 4.03 33.17 13.19
11:00-11:30 38,244 49,417 43,224 37,164 31,946 NiSource 0.43 665 Islamic U.S. 4371.18 80.07 1.87 12.99 6.91
11:30-12:00 33,108 38,689 29,303 30,036 25,833 Sustainability 1405.87 30.40 2.21 20.07 1.68
12:00-12:30 27,784 27,335 30,164 23,088 20,955 PG&E 1.03
U.K. Titans 50 (GBP) 295.12 1.15 0.39 10.24 2.79
12:30-1:00 27,035 27,581 24,961 22,300 20,252 Public Service Enterprise 0.26 DJ India (INR) 205.57 3.84 1.90 18.33 12.34
1:00-1:30 26,153 21,752 31,501 24,249 20,532 Southern -0.10 Equity REIT -a 1726.29 23.71 1.39 1.32 8.57
1:30-2:00 26,508 26,584 26,963 27,372 21,438 640 Comp REIT -a 1446.40 19.50 1.37 0.18 8.44
2:00-2:30 28,742 28,003 30,852 32,299 25,952 Jan Feb Mar Apr May Jun Jul Internet Comp 442.49 16.79 3.94 31.06 18.81
2:30-3:00 27,623 26,848 29,641 36,244 23,678 E*commerce 874.73 40.10 4.80 36.36 20.41
3:00-3:30 37,332 34,011 39,694 41,188 32,694 Note: Theoretical highs and lows are shown. Internet Svcs 195.28 4.98 2.62 29.05 16.39
3:30-4:00 353,118 325,761 298,618 319,718 288,156 a-total return. 3 Year % Chg is annualized.
 July 17, 2017 BARRONS M35

Market Laboratory
INDEXES' P/ES & YIELDS PER SHARE VALUES OF STOCKS IN THE DOW BARRON'S 50-STOCK AVERAGE
JONES AVERAGES
DJ latest 52-week earnings and dividends adjusted by Dow Divisors at Friday's close. S&P Dec. 4-quarter's GAAP earnings as This index is an weighted average of 50 leading issues.
reported and indicated dividends based on Friday close.S&P 500 P/E ratios based on GAAP earnings as reported. For additional This is a list of the Dow Jones trailing 52-week diluted Useful in security valuation. Source: Barron's Stats
earnings series, please refer to www.spglobal.com. DJ latest available book values for FY 2015 and 2014, and S&P latest for 2016 and share earnings, dividends and book values as reported
2015. r-Revised data Jul 13 Jul 6 July Yr-to-Yr
by the company. Bolded numbers indicate new values. 2017 2017 2016 % Chg
Last Prev. Year Last Prev. Year
Week Week Ago Week Week Ago Sources Barron's Stats and FactSet.
S&P 500 Index 2447.83 2409.75 2149.22 13.89
DJ Ind Avg 21637.74 21414.34 18516.55 Divs Yield % 3.31 3.34 3.09 Industrial Stocks Barron's 50 Index 7760.13 7722.04 7094 9.39
Divs $ 23.42 23.42 21.97 Book Book
P/E Ratio 20.67 20.49 19.79 Earns Divs. Value Earns Divs. Value Projected quarterly earn 89.23 89.23 92.07 3.09
Earns Yield % 4.84 4.88 5.05 Mkt to Book 2.05 2.03 2.16
Book Value $ 345.41 345.41 328.93 Am Exp 5.52 1.28 21.33 Johnson&John 5.95 3.24 25.82 Annualized projected earn 356.92 356.92 368.29 3.09
Earns $ 1046.83 1044.98 935.48 Apple 8.55 2.34 21.39 JPMorgChase 6.76 1.96 60.46
Divs Yield % 2.30 2.33 2.44 S&P 500 Index 2459.27 2425.18 2161.74 Boeing 8.16 5.02 9.50 McDonalds 5.66 3.71 7.82
Annualized projected P/E 21.74 21.64 19.3 12.88
Divs $ 497.91 497.91 450.92 P/E Ratio 24.52 24.18 25.01 Caterpillar (0.27) 3.08 25.43 Merck Co 2.19 1.87 16.06 Five-year average earn 353.91 353.91 342.51 3.33
Mkt to Book 3.73 3.69 3.39 Earns Yield % 4.08 4.14 4.00 Chevron Corp 1.53 4.31 81.11 Microsoft 2.26 1.53 9.22 Five-year average P/E 21.93 21.82 20.7 5.87
Earns $ 100.29 100.29 86.43 Cisco Sys 1.99 1.10 11.74 Nike Inc 2.51 0.70 7.29
Book Value $ 5799.91 5799.91 5465.34 Coca Cola 1.43 1.44 5.91 Pfizer 1.18 1.24 10.48 Year-end earn 350.31 350.31 337.62 3.76
Divs Yield % 1.99 2.02 2.13
DJ Trans Avg 9742.76 9694.94 7985.17
Divs $ 48.94 48.99 46.05
Disney Walt 5.74 1.56 27.83 Proc Gam 5.46 2.6981 21.10 Year-end P/E 22.15 22.04 21.0 5.43
P/E Ratio 19.48 19.30 12.45 Du Pont 2.73 1.52 11.20 3M Co 8.27 4.57 19.21
Mkt to Book 3.20 3.15 2.92 ExxonMobil 2.40 3.02 41.10 Travelers Cos 10.14 2.73 79.75 Year-end earns yield, % 4.51 4.54 4.8 5.17
Earns Yield % 5.13 5.18 8.03
Book Value $ 768.98 768.98 740.29 Gen Elec 0.98 0.95 10.48 UnitedHealth Grp 8.03 2.62 35.50 Best grade bond yields, % 3.26 3.30 2.97 9.95
Earns $ 500.16 502.29 641.23 Goldman Sachs 18.83 2.70 180.05 Utd Tech 6.33 2.64 32.63
Divs Yield % 1.31 1.31 1.45 S&P Ind Index 3264.99 3205.78 2920.79 Home Depot 6.69 3.16 5.04 Verizon 3.00 2.31 4.03 Bond yields/stock ylds, % 0.72 0.73 0.62 15.91
Divs $ 127.37 127.37 115.46 P/E Ratio 26.74 26.26 29.59 IBM 12.13 5.70 14.77 Visa 2.00 0.635 12.26 Actual year-end divs 184.52 184.52 172.15 7.19
Earns Yield % 3.74 3.81 3.38 Intel 2.30 1.0525 12.93 Wal-mart 4.41 2.02 25.47
Mkt to Book 4.10 4.08 3.66 Actual yr-end divs yld, % 2.38 2.39 2.43 2.03
Earns $ 122.09 122.09 98.71 Transportation Stocks
Book Value $ 2376.65 2376.65 2180.11
Divs Yield % 1.93 1.97 2.05 Alaska Air Group 5.88 1.15 19.26 KC Southern 4.82 1.32 36.03
DJ Utility Avg 707.35 702.04 710.12 Divs $ 63.01 63.15 59.88
P/E Ratio 38.46 38.18 23.82 Mkt to Book 4.20 4.12 3.87
American Airlines
Avis Budget Grp
4.10
1.06
0.40
Nil
9.02
4.48
Kirby Corp
Landstar Sys
2.42
3.33
Nil
0.36
42.23
10.99
WEEKLY VOLUME BY MARKETS
Earns Yield % 2.60 2.62 4.20 Book Value $ 777.19 777.19 754.58 C.H. Robinson 3.62 1.78 8.02 Matson Inc 1.60 0.76 10.36 IN NYSE-LISTED STOCKS
Earns $ 18.39 18.39 29.81 CSX Corp 1.83 0.74 12.07 Norf So 5.81 2.40 40.93
Delta Air Lines 5.03 0.81 13.93 Ryder Sys 4.66 1.76 37.15 (Shares in Last Prev. Year
DISTRIBUTIONS & OFFERINGS Expeditors Int'l 2.34 0.82 9.29 Southwest Air 3.31 0.425 11.36 thousands) Week Week Ago
FedEx 11.06 1.70 51.91 Un Pacific 5.24 2.365 24.38
DELTA MARKET SENTIMENT INDICATOR Secondary Distributions of common stocks Hunt (JB) 3.86 0.90 11.41 UPS 3.92 3.22 2.79
Bats 944,037 720,934 1,122,640
The Delta MSI measures the position of ~2,000 stocks relative to an Alder Biopharmaceuticals 15,000,000 $10.00 $150,000,000 JetBlue Air 1.86 Nil 9.97 United Continental 6.36 Nil 24.59 Bats Y 765,126 601,826 774,927
intermediate-term moving average crossover (MAC) point. When Amicus Therapeutics 18,370,000 $12.25 $225,000,000 Utility Stocks Boston 499,758 394,322 419,736
greater than 50% of the stocks followed are above this MAC point, the
market is bullish and equities are attractive. When the indicator is Arena Pharmaceuticals 6,250,000 $24.00 $150,000,000 AES Corp. (1.95) 0.46 4.72 Exelon 2.11 1.291 28.04 CBOE 0 0 0
Am Elec 1.42 2.33 36.44 FirstEnergy (14.65) 1.44 29.33
below 50%, risk is elevated and stock exposures should be reduced. Getty Realty 4,100,000 $23.15 $94,920,000 Chicago 43,715 25,148 59,528
American Water Works 2.69 1.54 28.32 NextEra Energy 8.72 3.705 48.97
Manager uses discretion on asset allocation when MSI is 50% +/- 3%.
ID Systems 2,610,000 $5.75 $15,000,000 CenterPt Energy 1.07 1.05 8.05 NiSource Inc. 1.09 0.68 12.04 Edge A 241,114 181,513 420,373
Last 2 Weeks 3 Weeks Con Ed 4.34 2.72 44.55 PG&E Corp. 3.67 2.00 33.69
Current Sentiment Week Ago Ago Kindred Biosciences 3,000,000 $7.50 $22,500,000 Dominion Energy 3.57 2.91 21.25 Pub Sv Ent 1.04 1.68 25.86 Edge X 792,567 639,890 938,143
MYnd Analytics 1,680,000 $5.25 $8,790,000 Duke Energy 3.13 3.42 57.74 Southn Co. 2.72 2.26 22.50 IEX 372,092 285,781 0
BULLISH 58.9% 63.3% 61.6% Shiloh Industries 5,000,000 $8.25 $41,250,000 Edison Int'l 4.26 2.1075 34.89
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Current Market Exposure: 100% Equities, 0% Bonds, 0% Cash ISE 0 0 0

Westport Fuel Systems 16,700,000 $1.50 $25,050,000
Source: Delta Investment Management
www.deltaim.com, (415) 249-6337 Source: Dealogic LLC, New York City; (212) 577-4400.
Coming U.S. Auctions NASDAQ Mkt Cntr 1,393,139 1,111,071 1,694,801
Yields (%) Finra/NASDAQ TRF 5,091,776 3,808,011 6,255,071
Day When Last National 0 0 873
Issued* Auction
THE WEEK IN STOCKS FOR THE MAJOR INDEXES NYSE 3,819,117 2,988,288 4,329,533
M $39.0 bil 3-month 1.047 1.040 NYSE MKT 0 0 0
12-Month Weekly Friday Weekly 12-Month Change From $33.0 bil 6-month 1.132 1.125
High Low High Low Close Chg. % Chg. Chg. % Chg. 12/30 % Chg. NYSE Arca 890,332 706,197 1,156,529
Dow Jones Indexes
T $20.0 bil 1-year 1.223 1.215 Phila. 72,900 60,799 115,902
21637.74 17888.28 30 Indus 21637.74 21408.52 21637.74 223.40 1.04 3121.19 16.86 1875.14 9.49 * As of Friday afternoon. Total 14,925,672 11,523,779 17,288,057
9742.76 7648.44 20 Transp 9742.76 9599.43 9742.76 47.82 0.49 1757.59 22.01 698.86 7.73
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

737.51 625.44 15 Utilities 707.35 701.24 707.35 5.31 0.76 2.77 0.39 47.74 7.24
7497.81 6290.68 65 Comp 7497.81 7412.07 7497.81 62.57 0.84 982.59 15.08 595.36 8.63 144 FILINGS
Dow Jones Indexes
25477.16 21514.15 US TSM Float 25477.16 25133.95 25477.16 344.69 1.37 3177.97 14.25 2200.44 9.45 SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to sell shares. Shares Indi-
614.58 519.97 US Market 614.58 606.22 614.58 8.44 1.39 75.81 14.07 54.25 9.68 cated: the number to be sold. Sales Date: the approximate date of the sale. (Sometimes shares aren't sold, even though their owner
442.49 336.71 Internet 442.49 429.96 442.49 16.79 3.94 105.77 31.41 85.32 23.89
has filed a Form144.) See barrons.com for complete table and for more detail on Titles. Source: Thomson Reuters
New York Stock Exchange
11897.32 10289.35 Comp-z 11897.32 11744.77 11897.32 144.34 1.23 1124.20 10.44 840.43 7.60 Shares Sale
7565.60 6057.12 Financial-z 7565.60 7494.35 7565.60 34.13 0.45 1482.95 24.38 604.05 8.68 Company Sym Indicated $ Value Date Seller Title
13965.29 11447.93 Health Care-z 13794.40 13614.67 13794.40 109.66 0.80 806.88 6.21 1887.21 15.85 Sportsmans Warehouse Holdings SPWH 1,148,821 6,042,798 6/22/17 Schaefer, John AF
11769.62 9916.81 Energy-z 10192.45 9975.31 10192.45 252.38 2.54 675.17 6.21 1311.31 11.40 Te Connectivity Ltd TEL 558,100 44,089,900 9/29/17 Lynch, Thomas CB
NYSE MKT Stock Exchange Bankunited BKU 478,190 15,847,217 6/23/17 Kanas, John CB
2648.06 2153.42 NYSE MKT Comp 2569.87 2489.89 2569.87 64.35 2.57 146.80 6.06 261.83 11.34 H & R Block HRB 300,700 9,355,554 6/30/17 Cobb, William CEO
2207.55 1856.14 Major Mkt 2207.55 2181.54 2207.55 25.00 1.15 279.10 14.47 192.94 9.58 Portola Pharmaceuticals PTLA 255,149 14,145,584 6/27/17 Lis, William CEO
Standard & Poor's Indexes Etsy ETSY 248,620 3,729,300 7/3/17 Dickerson, Jeffrey O
1083.13 923.84 100 Index 1083.13 1068.81 1083.13 14.48 1.35 127.21 13.31 91.70 9.25 Prudential Financial PRU 220,667 24,273,370 7/3/17 Strangfeld, John CEO
2459.27 2085.18 500 Index 2459.27 2425.53 2459.27 34.09 1.41 297.53 13.76 220.44 9.85 Dunkin' Brands Group DNKN 219,140 12,188,566 7/6/17 Carbone, Paul O
3264.99 2796.86 Indus 3264.99 3212.21 3264.99 59.21 1.85 344.20 11.78 315.41 10.69 Cbs CBS 200,000 12,767,680 6/30/17 Moonves, Leslie CEO
1769.34 1476.68 MidCap 1765.32 1743.07 1765.32 17.96 1.03 221.69 14.36 104.74 6.31
Nike NKE 200,000 11,500,000 7/5/17 Edwards, Trevor UT
866.07 703.64 SmallCap 862.70 849.34 862.70 7.97 0.93 121.98 16.47 24.74 2.95
Nasdaq Stock Market U.S. DOLLAR INDEX vs EURO and YEN
6321.76 5029.59 Comp 6312.47 6176.39 6312.47 159.39 2.59 1282.88 25.51 929.35 17.26
5885.30 4589.83 100 Index 5838.08 5694.15 5838.08 181.61 3.21 1248.25 27.20 974.46 20.04 Dollar Fades: The Feds U.S. Dollar Index fell slightly to 95.11 as consumer prices
5197.69 4179.98 Indus 5080.77 4997.08 5080.77 104.88 2.11 748.11 17.27 635.90 14.31
8584.17 7415.32 Insur 8515.36 8459.94 8515.36 20.70 0.24 894.93 11.74 161.89 1.94 were flat in June, undercutting arguments for another rate hike from the Fed.
3994.19 2798.48 Banks 3773.63 3749.65 3749.65 51.77 1.36 889.95 31.12 102.82 2.67 10
3661.30 2622.53 Computer 3611.46 3496.97 3611.46 143.73 4.14 988.93 37.71 685.66 23.43
316.69 273.01 Telecom 299.89 297.56 299.89 3.26 1.10 26.81 9.82 11.61 4.03
5
Russell Indexes
s
1362.61 1154.66 1000 1362.61 1344.12 1362.61 18.84 1.40 166.07 13.88 120.96 9.74
1428.82 1156.89 2000 1428.82 1408.47 1428.82 12.98 0.92 223.51 18.54 71.69 5.28 DXY (95.11)
0
1456.73 1230.73 3000 1456.73 1437.24 1456.73 19.61 1.36 181.40 14.22 125.01 9.39 EURO in $
s
1162.26 1004.34 Value-v 1146.49 1134.55 1146.49 8.63 0.76 107.11 10.31 43.99 3.99
1219.41 1000.61 Growth-v 1219.41 1198.19 1219.41 24.73 2.07 181.12 17.44 165.86 15.74 -5
1931.58 1644.50 MidCap 1931.58 1904.15 1931.58 26.14 1.37 210.37 12.22 147.69 8.28
Others
5596.38 4698.49 Value Line-a 5596.38 5510.86 5596.38 79.18 1.44 738.55 15.20 334.37 6.35 -10
s
529.13 455.65 Value Line-g 527.44 519.57 527.44 7.18 1.38 49.82 10.43 21.27 4.20
9643.65 7986.18 DJ US Small TSM 9643.65 9499.46 9643.65 105.08 1.10 1268.17 15.14 464.04 5.06 YEN in $
-15
654.71 521.59 Barron's 400 654.71 645.77 654.71 6.55 1.01 112.08 20.66 53.09 8.82
A S O N D J F M A M J J
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec.
31,1965=50 z-Dec. 31,2002=5000 Source: Tullett Prebon
 M36 BARRONS July 17, 2017

Market Laboratory
CONSENSUS OPERATING EARNINGS ESTIMATES FOR DOW INDUSTRIALS EARNINGS SCOREBOARD
Coming Earnings
2017 EPS1 2018 EPS1 2017 EPS1 2018 EPS1
4 Wks 2017 4 Wks 2018 4 Wks 2017 4 Wks 2018
Last Week's Major Surprises Day Consensus Year
Company Ago Cur P/E2 Ago Cur P/E2 Company Ago Cur P/E2 Ago Cur P/E2 Actual Estimate Ago
Cons. Net Per
3M 8.95 8.72 24.2 9.58 9.49 22.2 Johnson & Johnson 7.11 7.10 18.6 7.66 7.67 17.2 Company Ticker Period Est.1 Share Continued from page 11 of the main section.
American Express 5.70 5.70 15.0 6.30 6.32 13.5 McDonalds 6.39 6.26 24.8 6.83 6.74 23.0
Apple 9.32 9.44 15.7 10.77 10.87 13.6 Merck 3.84 3.84 16.4 4.18 4.17 15.1
Positive T
Boeing 9.39 9.38 22.0 10.24 10.24 20.1 Microsoft 3.11 3.07 23.4 3.48 3.48 20.6 Dnb Asa DNBHF 2Q 2.84 3.51
Aar Corp AIR 2Q 0.43 0.50 Lockheed Martin (2Q) 3.11 3.28
Caterpillar 4.12 3.44 31.5 5.24 4.67 23.2 Morgan (J.P) 6.67 6.62 14.1 7.58 7.62 12.2
Chevron 4.35 4.39 23.7 5.64 5.88 17.7 Nike 2.43 2.31 25.0 2.67 2.60 22.3 Alimentation Couche Tard ANCUF 2Q 0.46 0.52 IBM (2Q) 2.75 2.95
Cisco Systems 2.40 2.40 13.0 2.50 2.49 12.6 Pfizer 2.55 2.55 13.0 2.74 2.77 12.0 Pepsico PEP 2Q 1.40 1.50 Bank of America (2Q) 0.43 0.41
CocaCola 1.89 1.88 23.6 1.98 1.97 22.6 Procter & Gamble 3.98 3.99 21.7 4.27 4.29 20.2 Commerce Bancshares CBSH 2Q 0.70 0.75
Disney 6.15 6.23 16.7 6.80 6.81 15.3 Travelers 9.23 9.25 13.6 9.80 9.79 12.8
Goldman Sachs (2Q) 3.40 3.72
Du Pont 3.84 3.73 22.5 4.09 4.03 20.8 United Technologies 6.58 6.58 18.7 7.06 7.07 17.4 Negative Unitedhealth (2Q) 2.38 1.96
Exxon Mobil 3.92 3.88 20.9 4.57 4.66 17.4 UnitedHealth 9.80 9.79 18.9 10.77 10.80 17.2 Peak Resorts SKIS 1Q 0.61 0.52
Grupo Televisa TV 2Q 0.14 0.13
Johnson & Johnson (2Q) 1.80 1.74
General Electric 1.63 1.63 16.4 1.88 1.90 14.1 Verizon 3.75 3.77 11.5 3.82 3.84 11.3
Goldman Sachs 18.94 19.08 12.1 20.81 21.05 10.9 Visa 3.48 3.48 27.6 4.04 4.05 23.7
1Latest consensus estimate among industry analysts, as compiled CSX (2Q) 0.59 0.47
by Thomson Reuters before actual earnings were reported.
Home Depot 7.24 7.24 21.2 8.19 8.19 18.7 WalMart Stores 4.36 4.32 17.4 4.60 4.54 16.5 W
IBM 13.70 13.70 11.2 13.92 13.96 11.0 Median 18.6 17.2 Last Week's Major Estimate Changes
Intel 2.86 2.80 12.2 2.97 2.97 11.5 DJ Industrials 1216.81 1209.30 17.8 1335.28 1334.87 16.2 Prev. Last American Express (2Q) 1.43 2.10
1Earnings estimates are for calendar years. 2Based on latest earnings estimate. Source: Thomson Reuters. FY Fri. Fri. Morgan Stanley (2Q) 0.76 0.75
Company Ticker End Cons. Cons.
Qualcom (3Q) 0.81 1.16
Positive
US Bancorp (2Q) 0.84 0.82
DOW JONES U.S. TOTAL MARKET INDUSTRY GROUPS Cosco Shipping Hldgs CICOF 17-Dec 0.08 0.16
Gain Capital Hldgs GCAP 17-Dec 0.12 0.19 Crown Castle Int'l (2Q) 1.21 1.16
Net Change % Change and Ranking 52 Week Yrc Worldwide YRCW 17-Dec 0.63 0.78
Top 10 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low W W Grainer (2Q) 2.65 2.89
Grupo Televisa TV 17-Dec 0.61 0.68
Coal DJUSCL 38.96 + 3.01 6.08 +8.38 [1] 5.91 [123] 13.49 [137] 34.11 54.48 33.63 Galp Energia GLPEF 17-Dec 0.53 0.57 Th
Forestry & Paper DJUSFR 156.50 + 9.61 1.05 +6.54 [2] +28.84 [31] +.68 [112] 8.04 173.73 122.39 Lgi Homes LGIH 17-Dec 3.92 4.18 Abbott Labs (2Q) 0.60 0.55
Och-Ziff Capital Manage OZM 17-Dec 0.42 0.44
Paper DJUSPP 129.35 + 7.94 .87 +6.54 [3] +28.84 [32] +.68 [113] 8.04 143.59 101.15 Kkr & Lp KKR 17-Dec 2.20 2.30 EBAY (2Q) 0.45 0.43
Aluminum DJUSAL 116.03 + 6.80 26.32 +6.23 [4] +30.67 [24] +29.34 [5] 4.42 123.19 72.82 Healthcare Svcs Grp HCSG 17-Dec 1.21 1.25 VISA (3Q) 0.81 0.69
Nonferrous Metals DJUSNF 168.55 + 9.36 7.89 +5.88 [5] 2.70 [114] 4.47 [129] 31.05 227.67 127.35 American Airlines Grp AAL 17-Dec 4.95 5.11
Terex Cp TEX 17-Dec 0.95 0.98
INTUITIVE SURGICAL (2Q) 5.78 5.62
Semiconductor DJUSSC 2767.91+ 124.79 387.90 +4.72 [6] +37.57 [8] +16.30 [36] +16.48 2,849.45 2,009.59 SHERWINWILLIAMS (2Q) 4.57 4.06
Internet DJUSNS 1453.01 + 65.21 322.53 +4.70 [7] +33.88 [13] +28.53 [6] +19.56 1,455.90 1,083.60 Negative UNION PACIFIC (2Q) 1.39 1.17
Mining DJUSMG 77.66 + 3.24 .53 +4.36 [8] 12.24 [136] +.68 [114] 8.01 95.75 72.69 Radisys Corp RSYS 17-Dec 0.09 -0.06
Noble Energy NBL 17-Dec -0.07 -0.11 TRAVELERS Co (2Q) 2.11 2.20
Gold Mining DJUSPM 75.29 + 3.03 2.41 +4.19 [9] 16.28 [139] +3.31 [106] +7.49 98.10 67.19
Resolute Energy REN 17-Dec 2.36 1.22 MICROSOFT (4Q) 0.71 0.69
Oil Equipment & Svcs DJUSOI 414.03 + 16.31 110.52 +4.10 [10] 11.52 [135] 21.07 [143] 20.23 545.06 397.71 Cf Industries Hldgs CF 17-Dec -0.21 -0.29 DANAHER (2Q) 0.97 0.90
Conocophillips COP 17-Dec 0.42 0.30
Cvr Refining Lp CVRR 17-Dec 1.01 0.78 PHILIP MORRIS Int'l (2Q) 1.23 1.15
Net Change % Change and Ranking 52 Week
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Pdc Energy PDCE 17-Dec 0.19 0.15 BANK OF NEW YORK MELLON (2Q) 0.84 0.76
Top 10 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
Greenhill & GHL 17-Dec 1.26 1.00
Computer Hardware DJUSCR 2092.04 + 74.44 434.37 +3.69 [16] +48.09 [1] +26.20 [9] +13.09 2,179.65 1,399.46 Apache APA 17-Dec 0.76 0.62
PPG INDUSTRIES (2Q) 1.82 1.78
Airlines DJUSAR 302.21 1.78 34.84 .59 [134] +42.66 [2] +13.03 [50] +16.31 303.99 189.14 Tahoe Resources TAHO 17-Dec 0.42 0.35 BB&T (2Q) 0.77 0.66
Eldorado Gold EGO 17-Dec 0.06 0.05 CAPITAL ONE Fin'l (2Q) 1.90 1.69
Investment Svcs DJUSSB 1042.80 5.30 59.26 .51 [133] +41.86 [3] +6.03 [93] +14.69 1,063.12 735.86
Amtrust Fin'l Services AFSI 17-Dec 1.89 1.61
Commercial Vehicles DJUSHR 1726.93 + 16.81 237.51 +.98 [82] +39.90 [4] +15.95 [39] +2.58 1,727.12 1,223.33 1Latest consensus estimate among industry analysts, as compiled
F
Banks DJUSBK 421.00 6.27 18.32 1.47 [142] +39.70 [5] +4.55 [100] +11.08 438.05 297.57 by Thomson Reuters.
GENERAL ELECTRIC (2Q) 0.25 0.51
Hotels DJUSLG 1635.81 + 14.54 296.67 +.90 [89] +38.92 [6] +22.15 [18] +13.27 1,741.07 1,109.39 HONEYWELL Int'l (2Q) 1.78 1.70
Technology Hardware & Equip DJUSTQ 1291.50 + 46.44 205.78 +3.73 [15] +38.21 [7] +18.95 [26] +12.33 1,326.07 933.99
SELECTED INITIAL PUBLIC OFFERINGS SCHLUMBERGER NV (2Q) 0.30 0.23
Semiconductor DJUSSC 2767.91+ 124.79 387.90 +4.72 [6] +37.57 [8] +16.30 [36] +16.48 2,849.45 2,009.59
Initial Most Colgate-Palmolive (2Q) 0.72 0.70
Gambling DJUSCA 834.30 + 1.71 134.95 +.21 [119] +35.93 [9] +19.30 [24] 3.72 888.76 615.55
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Ticker Offer IPO Recent % (Earnings are diluted and report dates are tentative. All fore-
Aerospace DJUSAS 1195.94 + 27.72 203.93 +2.37 [32] +35.21 [10] +20.56 [22] +10.04 1,195.94 859.61 Code Price Date Price Chg casts and historical numbers exclude extraordinary items by
Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg accounting definitions.)
column shows the change from previous 65-day moving average. Volume figures do not reflect extended trading hours. See barrons.com Akcea Therapeutics AKCA 8.00 7/14 9.48 18.5% Source: Thomson First Call
for complete table. Co-Diagnostics CODX 6.00 7/12 5.61 -6.5%

PULSE OF THE ECONOMY

Only includes new reports. For complete table, see barrons.com Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr
Economic Growth and Investment Date Data Period Ago % Chg Date Data Period Ago % Chg

Durable manufacturing (NAICS) a, ................................................ June 105.5 r105.2 106.4 0.85 Wholesale inventories, (mil. $) ...................................................... May 593,874 r591,612 582,742 1.91
Capacity utilization % .................................................................... June 76.6 r76.4 75.4 1.59 Orders
Industrial output a, ........................................................................ June 105.2 r104.8 104.1 1.06
Manufacturing (NAICS) a, ............................................................. June 104.1 r103.9 103.8 0.29 No Activity for this Week
Nondurable manufacturing (NAICS) a............................................ June 102.6 r102.6 100.9 1.68 Trade
Production No Activity for this Week
Electric power, (mil. kw hrs) (EEI) .................................................. July 8 87,622 82,260 88,147 0.60 Inflation
Mining (NAICS) a, ......................................................................... June 111.0 r109.2 103.4 7.35
Petroleum, related capacity, % ...................................................... July 7 94.5 93.6 92.3 2.38 JOCECRI Industrial Price Index f .................................................. July 14 102.62 103.01 94.57 8.51
Rotary rigs running, U.S. & Can., (Hughes) .................................... July 14 1,143 1,127 542 110.89 Consumer price index b (unadjusted) ............................................ June 245.0 244.7 241.0 1.66
Steel, (thous. tons) ........................................................................ July 8 1,733 1,717 1,712 1.23 Producer price index (finished goods) c ......................................... June 196.8 196.4 192.8 2.07
Steel, rated capacity, % (AISI)........................................................ July 8 74.3 73.6 73.2 1.50 Rate of inflation, % (annual, unadjusted)........................................ June 1.6 1.9 1.0 .
Utilities a ....................................................................................... June 102.5 r102.4 104.0 1.44 Employment
Consumption and Distribution Initial jobless claims (thous.) ........................................................ July 8 247 r250 254 2.76
Business sales, (mil. $) ................................................................. May 1,350.20 r1,352.44 1,284.54 5.11 Continuing claims (mil.) ................................................................ July 1 1.945 r1.965 2.147 9.41
Job openings, (thous.) .................................................................. May 5,666 r5,967 5,582 1.50
Instinet Research Redbook Avg. (monthly %) ................................ July 8 1.11 0.67 0.18 .
Hires, (thous.) ............................................................................... May 5,472 r5,043 5,153 6.19
Baltic Dry Index ............................................................................. July 14 900 822 745 20.81
Total separations, (thous.)............................................................. May 5,259 r5,008 5,101 3.10
Retail store sales, (bil. $) ............................................................... June 473.51 r474.25 460.41 2.85 Small Business Optimism Index .................................................... June 103.6 104.5 94.5 9.63
Wholesale sales, (mil. $) ............................................................... May 460,776 r463,101 433,787 6.22
Construction
Inventories
No Activity for this Week
Business inventories, (bil. $) ......................................................... May 1,859.72 r1,854.65 1,816.29 2.39
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... July 7 495,350 502,914 491,172 0.85 Other Indicators
Gasoline, (thous. bbls) .................................................................. July 7 235,656 237,303 240,089 1.85 Citi Research PanicEuphoria Reading .......................................... July 14 0.04 r0.03 0.32 .
Inventorytosales ratio (Business) .............................................. May 1.38 1.37 1.41 2.13 a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. r-Revised.
 July 17, 2017 BARRONS M37

Market Laboratory
WEEKS NEW HIGHS AND LOWS WEEKS NEW HIGHS AND LOWS WEEKS NEW HIGHS AND LOWS WEEKS NEW HIGHS AND LOWS
Weekly Comp. NYSE NYSE MKT Nasdaq ASML FT BICK MCBCHoldings SinovacBiotech CoStarGroup IntegraLifeSci Psychemedics WernerEnterprises Boeing FortressTransport MS Asia Teleflex
AtriCure FT ChinaAlphaDEX MedidataSolutions SolarEdgeTech Cowen InterNAP PTC Therap WesternDigital BorgWarner FortBrandsHome NGL EnergyPfdB TempltnDrgn
New Highs 323 14 282 Atrion FT DevMkts MercurySystems SS&C Tech CryoPort IntersectENT PumaBiotech WestMarine BoulderGrowth FranklinRscs NRG Energy TemplMktFd
New Lows 83 16 153 AudentesTherap FT DevMktsXUS Microsoft StellarAcqnIII CryoPortWt IntlMultiAssetDiv PwrShBuybackAch WisdTrChinaxSOE Brink's GMACCapTrSer2 NVR Tennant
AVEO Pharma FT EM Alphadex MillAcqn Un StudentTransprt CSX IPG Photonics PwrShDWA DevMkt WisdTrEMConGrwth BrookfieldBusPtr GabelliGlbSmall&MC NamTaiProperty Terex
NYSE MKT AVHomes FT EM EquitySel MillAcqn Wt SVB Cap II Pfd CtznCmntyBcp IRSA Prop PwrShDWA EM WisdTrEMQualDivGrw BrookfieldDTLAPf GabelliUtility NatlBankHoldings Tesoro
AxoGen FT EM SC Alpha MitekSystems TactileSystems CumberlandPharm iShAsia50ETF PwrShDWA Mom WisdTrWstnAsset BylineBancorp Gartner NewGermanyFund ThermoFisherSci
NEW HIGHS Daseke iShCoreMSCITotInt PwrShDWAMom WolverineBancorp CAI Intl GasLogPtrsPfdA NewRelic Toll Bros
Baozun FT EuropeAlpha ModernMediaRt Taitron
AberdeenEmgSmCos BlonderTongueLab CloughGlblOpp GasNatural DasekeWt iShGlbTimber PwrShDWANasdMom Xilinx CGI Group GenAmInv NYComBncpPfdA TotalSystem
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AeroCentury CisionWt Gabelli6%CumPfdA SierraMetals DavisWorldwide iShMSCIACWIETF PwrShDWATactical YatraOnline CableOne GoldmanSachsPfD Norbord Tri-Continental
BioLifeSols FT LC CoreAlpha NationalBeverage TICCCapNts24
BancorpNJ CloughGlbEqFd DBVTechnologies iShMSCIACWIexUSETF PwrShDynHlthcr YY CAE GranitePointMtg NortelInversora TriNet
NEW LOWS BioTelemetry FT LC GrwthAlpha NatlInstruments TivityHealth
BldrsAsia50ADS FT MC CoreAlpha NatlResearch B TowerSemi DovaPharm iShMSCIACxJpn CanNtlRlwy GraniteREIT NorthropGrumman TsakosEnergyPfdC
AirIndustries CorMedix NorthernOil&Gas SuperiorDrilling NEW LOWS
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AoxingPharm GoldenStarRscs PlatinumGrpMtls UniqueFabricating A-MarkPrecMetals Egalet KBLMergerIV SearsHometown
CalamsGlblDynInc FT NasdaqTrans NortheastBancorp TrueCar Caterpillar GpoAeroportSur NuvDow30Dyn UniversalHealth
BioTimeWt InspireMD Reed's VoltInfoSci AC Immune Endocyte KBLMergerIV Wt SelectIncomeREIT
CalitheraBiosci FT NasdCleanEdge Novocure Trupanion Celanese A GpFinSantandMex NuvPfd2022Term Visa
CanadianSolar FT NasdGlblAuto OfficeDepot UnityBancorp AcaciaComms ENDRA LifeSci KCAPFinancial SenecaFoods B Cemex GuggStratOpps NuvPfdSecsIncmFd ValleyNatlPfdA
NASDAQ CanterburyPark FT RiverFrDynDev OldDomFreight UplandSoftware ADDvantage EnergyFocus KitovPharm SGOCO Group CtrlEuropeRussiaFd HDFC Bank NuvTaxAdDivGr VarianMed
CapitalaFinNts22 FT RiverFrDynEM OmegaFlex VangdIntlHiDiv AkersBiosciences EsquireFinancial KonaGrill Shineco Chegg HFF OilDriAmerica Vectrus
NEW HIGHS AlderBioPharm EssaPharma Lands'End Shire
51job E*TRADE iShMSCIChinaETF PwrShDynIndls Carlyle FT SC CoreAlpha OraSureTechs VangdRuss1000 ChinaCordBlood HSBC OnAssignment VirtusGlbDiv&Incm
CarolinaFinancial FT SC GrwthAlpha OrganicsETF VangdRuss1000Grw Alphatec Essendant LeggMasonSCQualVal SimplyGoodFoods ChinaFund Harris OrionEngCarbons VornadoRealtyWi
AbeonaTherap eBay iShMSCIEMESGOpt PwrShIntlDivAch Altimmune FarmerBros MabVaxTherap SimplyGoodFoodsWt
AbeonaTherapWt ENDRA LifeSci iShMSCIEmMkAsia PwrShNasdInternet CasellaWaste FT TaiwanAlpha OrigoAcqnUn VangdRuss2000Grw ChinaYuchai HartfordFinl Owens-Illinois WABCO
CatalystPharma FTRisingDivAch OxfordImmunotec VangdRuss3000 AntheraPharm FiestaRestaurant Mattersight SmartSand Cigna HartfordFinSvcsWt PCM Fund WNS
ACI Worldwide EsperionTherap iShMSCIEuropeFinls Quidel ArcadiaBiosci FORM Michaels Sphere3D
ADOMANI EuronetWorldwide iShS&P EM Infra RadaElectronic CavcoIndustries FullHouse OxfordLanePfd2024 VangdTotIntlStk Coach Heico PGT Innovations Wayfair
ArgosTherap ForumMergerRt MicrobotMed StrataSkinSci Coca-Cola Euro Heico A PIMCOCorporate WeightWatchers
AdvAcceltrApp EverspinTech Iteris RealPage Celgene GemphireTherap PacificMercBncp VantageEnerAcqnUn
AvenueTherap ForwardIndustries MidConEnergy SundanceEnergy Coca-Cola Femsa Hersha Pfd E PIMCODynamicCred WstAsMrtgDfOp
AgroFresh EXACT Sci JanusS/MC GrwAlph RTI Surgical Cellectis GlbX Robotics&AI PacificSpecialRt VaronisSystems
BCommunications Francesca's ModernMediaAcqn SunesisPharm ChnStrOppFd Hill-Rom PIMCOIncOpFd WestlakeChem
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BedBath Fred's MonotypeImaging SynthesisEnSys ChnStrsGlbInc Honeywell PIMCO IncmStrFdII WestRock
ALPS/DorseyMom ExpeditorsIntl KBLMergerIV Wt Saia CenturyBancorpA GlbXFinTech PayPal VeriSign
BonTonStores FrequencyElec MonroMuffler T2Biosystems Comerica DR Horton PIMCO StratIncmFd WooriBank
Altaba Facebook KeryxBiopharm SangamoTherap Check-Cap Wt GlbXMSCISuperDiv PennantParkCap VicShEMVolWtd BuffWildWngs FrontierComm NabrivaTherap TandemDiabetes
AmericanAirlines Ferroglobe KratosDefense SeaSpine ChemoCentryx GlbXNASDAQChinaTch PeregrinePharm VicShUS500EnhVol ComericaWt HoulihanLokey PJT Partners Workiva
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AmicusTherap FirstSouthBancorp LakelandInd SEI Investments Co-Diagnostics GlobalIndemnity PierisPharm VicShUS500Vol CarverBancorp FT DevIntlEquity Neothetics TitanPharm
AmplifyOnlineRet FlexShUSQualLC LeggMasonDev SelectBancorp Codexis GlobalWaterRscs PointerTel VidentIntlEquityFd ConstBrands A ICICI Bank PackagingCpAm Xylem
CaseysGenStores FT NasdRetail NetElement Tocagen ConstBrands B ING Groep PembinaPipeline
Angie'sList FlexSTOXXGlbESGImp LeggMasonEMDivCore SG Blocks CognizantTech HarmonyMerger PopularPfd VircoMfg Cheesecake FT USEquityDiv NetSolTech TOP Ships
AntaresPharma FlexSTOXXUSESGImp LeggMasonSCQualVal ShiftPixy Coherent HawaiianTelcom PortolaPharm VirtusInvtPfdD NEW LOWS
Cherokee FutureFinTech NeuroMetrix TractorSupply AMC Ent DHI Group IONGeophysical REV
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AppliedOptoelec Freshpet LibertyExpediaA SimplyGoodFoods CommunityBkrs HealthInsInnov Priceline VSInverseVIXSTerm AZZ DeanFoods JonesEnergy Regal
ChinaFinance GeniusBrands OpGen Trevena Abercrombie&Fitch DineEquity JumeiIntl RitchieBros
ArenaPharm FSB Bancorp Littelfuse SimplyGoodFoodsWt Control4 HomeTownBkshs PrincplMillennials VSInvVIXMedTerm ChinaLending GSV Capital OReillyAuto US Gold
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ClearOne HD Supply OriginAgritech Velocity3xLgSilver ArcherDaniels ENSCO Knoll Rowan
Co-Diagnostics HeatBiologics OvidTherap Veritone AutoZone EXCO Res LejuHoldings Scana
CONFERENCE CALL CALENDAR CoherusBioSci HibbettSports PacificSpecAcqn VistaGenTherap B&G Foods EldoradoGold LifeStorage SelectEnergySvcs
ConsldComm Immuron PhaseRx VS2xVIXMedTerm Barnes&NobleEduc Entercom Macy's Smart&FinalStores
ContraVirPharm ImmuronWt Presbia VS2xVIXShortTerm
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BellatrixExplor FairmountSantrol MolsonCoors B Smucker
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BlkRkEngyResTr Ferrellgas NationalGrid StageStores
Cyanotech Intel Radisys WAVE LifeSci
Abbott Laboratories July 20 9:00AM Q2 BlueApron FdnBuilding NaturalGrocers TahoeResources
CyberArkSoftware InternetGold RandLogistics WestmorelandCoal
Alliance Data Systems July 20 8:30AM Q2 BonanzaCreekEner Gap NewYorkREIT Team
DAVIDsTEA IZEA RedHillBio Windstream
CampbellSoup GeneralElec Noble TriplePtVentNt
American Express July 19 5:00PM Q2 DestinationXL JAKKS Pacific RevenHousingREIT WPP
Cato GeneralMills NuvHiIncmDec18 Verizon
Bank of America July 18 8:30AM Q2 DestMaternity JasonIndustries RokaBioscience Xunlei
ChinaDistanceEd Genesco ObsidianEnergy Vipshop
DianaContainer JounceTherap RossStores Yield10Bioscience
Bank of New York Mellon July 20 8:00AM Q2 DiffusionPharm ConagraBrands GenesisHealthcare OmegaProtein VornadoRealtyWi
BlackRock July 17 8:30AM Q2 Crawford A GenuineParts PacificDrilling WestarEnergy
Crawford B Grainger PengrowthEnergy Williams-Sonoma
Comerica July 18 8:00AM Q2 NYSE CubeSmart Hi-Crush PetroChina YamanaGold
Crown Castle International July 20 10:30AM Q2 CypressEnergy HormelFoods PhoenixNewMedia
NEW HIGHS
CSX July 19 8:30AM Q2
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

AGCO Cooper Invesco PennyMacPfdB

Danaher July 20 8:00AM Q2 AberdeenGrChinaFd Copa IDEX PerkinElmer
Dover July 20 10:00AM Q2 AdamsDivEquityFd CoreLogic IndependenceHldg PIMCO IncStrFd CBOE MARKET REPORT
E*TRADE Financial July 20 5:00PM Q2 AdvanSix Corning IndiaFund PrincipalFin
eBay July 20 5:00PM Q2
Aetna Cotiviti IndustrsBachoco Progressive Advances-Declines
AffiliatedMgrs Crane Ingersoll-Rand ProtoLabs CALLS PUTS
Fifth Third Bancorp July 21 10:00AM Q2 AgilentTechs Credicorp IntegerHoldings PublicStoragePfdF
Last Week Last Week
General Electric July 21 8:30AM Q2 AlamoGroup CrownHoldings ICE PutnamPremierIT
AlbanyIntl Cummins IntlSeaways RH Week Ago Week Ago
Genuine Parts July 20 11:00AM Q2
Albemarle Dana iStarPfdD RaymondJames Advances 160,235 82,846 44,648 97,393
Harley-Davidson July 18 9:00AM Q2 Alibaba DarlingIngred ItauCorpBanca Raytheon
Honeywell International July 21 9:30AM Q2 Declines 95,810 162,414 213,243 130,996
AllianzGIConv&Incm Deere JBG SMITH Prop Realogy
Huntington Bancshares July 21 9:00AM Q2 AllianzGICnvIncmII DelphiAutomotive JaggedPeakEner RegalBeloit Unchanged 144,050 159,903 142,195 176,765
International Business Machines July 18 5:00PM Q2 AllianzGIConv24 DeltaAir JinkoSolar RivernorthOppsFd
AllianzGIDivIncm DeutscheHiIncmOpps HancockHdgEquity Rockwell Market Volatility Index (VIX)
Intuitive Surgical July 20 4:30PM Q2
AlpineGlblDyn Dividend&IncomeFd JonesLangLaSalle RockwellCollins Last Prev. Month Year
Johnson & Johnson July 18 8:30AM Q2 AlpnGlblPrProp Dover KB Home RogersComm B Week Week Ago Ago
Kansas City Southern July 21 8:45AM Q2 AlpineTotDynDiv DowChemical KCG Holdings RoperTech
Alteryx DuPont KSCitySouthern RoyceGlbValueTr VIX Index 9.51 11.19 10.38 12.67
KeyCorp July 20 8:30AM Q2
Lockheed Martin July 18 11:00AM Q2 AlumofChina Eaton Kemet RoyceValue The CBOE Volatility Index (VIX) is derived from the prices of all
AmericaMovil A EtnVncEqtyInco KeyCorpPfdE SCE Tr VI 5% Pfd L quoted at-the-money and out-of-the-money, S&P 500 Index
M&T Bank July 19 10:00AM Q2 AmericaMovil EtnVncEqtyInco II KoreaFund SafeBulkers (SPX) putsand callsin the two front months.
Microsoft July 20 5:30PM Q4 AmFinDeb2055 EtnVncTxAdvGbl KronosWorldwide SafetyIncome
Moody's July 21 11:30AM Q2 AmHomes4RentPfdE EtnVncTxAdvOpp Landauer SelectMedical Put-Call Ratio
Navient July 19 8:00AM Q2 Ameriprise EtnVncTxMngOpp LibertyAllStar SensataTech Last Week Last Previous
Aptargroup EtnVncTxMnGlDvEq LibertyASGFd ServiceCorp Puts Calls Week Week
Northern Trust July 19 12:00PM Q2 ArlingtonAssetPfB EtnVncTxAdvDiv LockheedMartin ServiceNow
Nucor July 20 2:00PM Q2 ArmourResPfdB ElevateCredit MGIC Investment SmithAO S&P 100 5,820 4,360 133/100 119/100
People's United Financial July 20 5:00PM Q2 ArrowElec Ennis MVC Capital Sony CBOE Equity 2,471,954 4,048,581 61/100 63/100
PPG Industries July 20 2:00PM Q2 AshfordHospPfdG EnovaIntl MagnaIntl SourceCap
AsiaPacificFund EnPro MagnaChipSem SouthernNt2016A Investors rely on the equity put-call ratio, which tends to track
Prologis July 18 12:00PM Q2 AssuredGuaranty EnzoBiochem Manpower SpecialOpFd individual trades, and the index put-call ratio, which reflects
Qualcomm July 19 4:45PM Q3 Autohome EquityCommonNt42 ManulifeFin Square professionalandinstitutionalstrategies,ascontrarysentiment
Regions Financial July 21 11:00AM Q2 indicators.Thehighertheputtrading,themorebullishtheindi-
AveryDennison EssentGroup MarineProducts StanleyBlackDck cation and vice-versa. Readings in the CBOE equity put-call
Schlumberger NV July 21 8:30AM Q2 AxovantSciences Everi Mastercard Startek ratio of 60:100 and in the S&P 100 of 125:100 are considered
Skyworks Solutions July 20 5:00PM Q3 BancoBilbaoViz FairIsaac MauiLand StateStreet bullish, for instance. Bearish signals flash when the equity put-
BancodeChile FederalSignal McDonalds Strats PG GJR call level reaches the vicinity of 30:100 and the index ratio hits
SL Green Realty July 20 2:00PM Q2 BcoSantChile FedEx MeritageHomes Stryker 75:100.
Snap-On July 20 10:00AM Q2 BankNY Mellon Ferrari MettlerToledo TAL Education
SunTrust Banks July 21 8:00AM Q2 Bard CR FiatChrysler MexEqIncoFd TCF Fin PfdB Rampart Time Premium Index
Textron July 19 8:00AM Q2 BaxterIntl FidelityNatlFin MexicoFund TCWStratIncmFd
BectonDickinson FidelityNtlInfo Mobileye TE Connectivity The Composite Call Index (of time premiums on near-the-
U.S. Bancorp July 19 9:00AM Q2 BlckRkEnDivTr FirstRepBank MohawkIndustries Telus money six-months calls on 2460 optionable stocks) was 11.40
Union Pacific July 20 8:45AM Q2 BlkRkHlthSci Flaherty&CrumDyn MonmouthRealEst Ternium atThursday'sclose,versus11.55aweekearlier.TheComposite
BlackRock Flaherty&CrumPfd Moody's TPGPaceEnergyWt Put Index (of time premiums on near-the-money six-month
United Continental Holdings July 19 10:30AM Q2 putson2455optionablestocks)was10.60atThursday'sClose,
Source: CCBN, www.ccbn.com BlkRk2022GlbIncm FomentoEconMex Moog A TaiwanFund versus10.38 a week earlier.
BlackstoneGroup FortressInvt MS EmMktFd TaylorMorrison
 M38 BARRONS July 17, 2017

Market Laboratory
MONEY RATES CBOE PUT/CALL RATIO vs S&P 100 FOREIGN EXCHANGE
Latest Prev. Yr Ago Readings in the CBOE equity put-call ratio of 60:100 Friday, July 14, 2017 Foreign Foreign U.S. $ in U.S. $ in
Week Week and in the S&P 100 of 125:100 are considered bullish, The New York foreign exchange mid-range rates are quoted at 5 Currency Currency Foreign Foreign
p.m. Eastern time by Tullett Prebon. Retail transactions pro- in U.S.$ in U.S.$ Currency Currency
Discount Rate (NY) 13/4 13/4 1 for instance. Bearish signals flash when the equity Country Fri. Last Fri. Fri. Last Fri.
put-call level reaches the vicinity of 30:100 and the vide fewer units of foreign currency per dollar.
Prime Rate (base) 41/4 41/4 31/2 index ratio hits 75:100. Foreign Foreign U.S. $ in U.S. $ in South Africa (Rand) .0767 .0747 13.0323 13.3918
Currency Currency Foreign Foreign
Fed Funds Rate South Korea (Won) .0008857 .0008667 1129.10 1153.74
in U.S.$ in U.S.$ Currency Currency
Avg effective offer 19/50 19/50 3
/7 S&P 100 CBOE Country Fri. Last Fri. Fri. Last Fri. Sri Lanka (Rupee) .0065 .0065 153.5500 153.5200
Avg weekly auction-c 1.16 1.14 0.39 Sweden (Krona) .1204 .1187 8.3078 8.4275
2.95 0.95 Argentina (Peso)-y .0594 .0589 16.8463 16.9657 Switzerland (Franc) 1.0378 1.0375 .9636 .9639
T-Bills Rate Australia (Dollar) .7828 .7606 1.2775 1.3148

s
S&P 100 Taiwan (Dollar) .03303 .03268 30.272 30.602
13 weeks, Coupon Yield 1.057 1.062 0.315 Bahrain (Dinar) 2.6522 2.6517 .3771 .3771 Thailand (Baht) .02962 .02932 33.760 34.110
13 weeks, Auction Rate 1.040 1.045 0.310 2.45 0.85 Brazil (Real) .3145 .3049 3.1796 3.2803 Turkey (New Lira)-d .2826 .2764 3.5380 3.6182
26 weeks, Coupon Yield 1.147 1.152 0.396 CBOE
s Bulgaria (Lev) .5867 .5829 1.7044 1.7156 Ukraine (Hryvnia) .0384 .0384 26.0150 26.0450
26 weeks, Auction Rate 1.125 1.130 0.390 Canada (Dollar) .7907 .7765 1.2648 1.2878 U.K. (Pound) 1.3102 1.2887 .7632 .7760
Avg weekly auction-c 1.03 1.00 0.28 Chile (Peso) .001521 .001499 657.50 667.10 Uruguay (Peso) .. .. .. ..
1.95 0.75 .1474 .1468 6.7840 6.8128
China (Renminbi) Financial .03477 .03457 28.760 28.930
Broker Call Rate 3 3 2 1/4 Colombia (Peso) .0003312 .0003236 3019.00 3089.83 Venezuela (Bolivar) .100150 .100150 9.99 9.99
Croatia (Kuna) .1547461 .1537823 6.46 6.50 ----
Bankers Acceptances 1.45 0.65 1.1470 1.1403 .8719 .8770
Czech. Rep. (Koruna) .. .. .. .. Euro
1 month 1.22 1.22 0.40 Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
Commercial rate .04399 .04370 22.735 22.883
2 months 1.25 1.25 0.50 Denmark (Krone) .1542 .1533 6.4840 6.5230 British, and Japanese currencies. Source: International Monetary Fund.
3 months 1.25 1.25 0.58 a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
0.95 0.55 Ecuador (US Dollar) 1.0000 1.0000 1.0000 1.0000 2005. y-floating rate.
6 months 1.38 1.38 0.88 Egypt (Pound)-y .0556 .0560 17.9700 17.8730
Euribor Interbank Rate Hong Kong (Dollar) .1281 .1280 7.8040 7.8120
3 months -0.331 -0.331 -0.293 0.45 0.45 Hungary (Forint) .003749 .003702 266.75 270.15
J A S O N D J F M A M J J Iceland (Krona) .009653 .009589 103.60 104.29 ARMS INDEX
6 months -0.273 -0.272 -0.187
India (Rupee) .01556 .01547 64.279 64.625
12 months -0.151 -0.161 -0.057 Source: CBOE
Indonesia (Rupiah) .0000750 .0000746 13339 13412
The Arms index, also known as the short term trading index, is a number
Libor Interbank Rate Israel (Shekel) .2813 .2824 3.5554 3.5405
.008887 .008779 112.53 113.91
derived by dividing one quotient into another quotient. The numerator in
1 month 1.23 1.23 0.48 Japan (Yen)
the index is the number of advancing stocks divided by the number of
3 months 1.30 1.31 0.69 INVESTOR SENTIMENT READINGS Kazakhstan (Tenge) .003054 .003082 327.49 324.44
declining stocks. As of 3/14/11, the denominator in the index is now the
6 months 1.46 1.47 0.99 Kuwait (Dinar) 3.3006 3.2993 .3030 .3031
High bullish readings in the Consensus stock index or in the Macau ( Pataca) .1245 .1243 8.0327 8.0462 compositevolumeofadvancingstocksdividedbythecompositevolumeof
12 months 1.74 1.76 1.31 Market Vane stock index usually are signs of Market tops; low Malaysia (Ringgit)-b .2330 .2326 4.2925 4.2990 declining stocks.
Foreign Prime Rates ones, market bottoms. Mexico (Peso) .. .. .. .. Daily 7/10 7/11 7/12 7/13 7/14
Canada 2.70 2.70 2.70 Last 2 Weeks 3 Weeks
Floating rate .0569 .0553 17.5618 18.0860
Week Ago Ago
Germany 0.00 0.00 0.00 New Zealand (Dollar) .7347 .7280 1.3611 1.3736 NYSE .80 .88 1.24 .61 1.07
Japan 1.475 1.475 1.475 Consensus Index Norway (Krone) .1222 .1195 8.1850 8.3668 NYSE MKT .30 .71 1.80 .83 .55
Switzerland 0.50 0.50 0.50 Consensus Bullish Sentiment 74% 74% 73% Oman (Rial) 2.5953 2.5968 .3853 .3851 Nasdaq .59 .51 1.07 .90 .57
Britain 0.25 0.25 0.50 Pakistan (Rupee) .00951 .00945 105.110 105.850
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com Peru (new Sol) .3082 .3077 3.2450 3.2502
Other Money Rates Philippines (Peso) .01979 .01975 50.524 50.628
Fannie Mae Home Loan: AAII Index Poland (Zloty) .2728 .2692 3.6664 3.7142 BARRON'S GOLD MINING INDEX
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

30-Year Fixed Conv 3.55 3.63 2.87 Bullish 28.2% 29.6% 29.7% Qatar (Rial) .2711 .2710 3.6894 3.6907
Bank money market-z 0.12 0.12 0.11 Bearish 29.6 29.9 26.9 12-Month Year Week %
Russia (Ruble)-a .01693 .01656 59.055 60.385
Interest Checking-z 0.08 0.08 0.07 Neutral 42.1 40.6 43.4 High Low 7/13 7/6 Ago Chg.
Saudi Arabia (Riyal) .2666 .2667 3.7503 3.7502
6-Month Certif-z 0.22 0.22 0.18 Source: American Association of Individual Investors, Singapore (Dollar) .7291 .7235 1.3715 1.3822 634.16 443.06 Gold mining 461.93 457.16 613.07 +1.04
12-Month Certif-z 0.36 0.35 0.29 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
30 Month Accounts-z 0.56 0.56 0.47 Market Vane
5-Year Certificates-z 0.91 0.91 0.80 Bullish Consensus 67% 67% 67%
U.S. Savings EE Bonds: FEDERAL RESERVE DATA BANK GOLD & SILVER PRICES
Source: Market Vane, P.O. Box 90490,
Long-Term (5yrs+) 0.10 0.10 0.10 Pasadena, CA 91109 (626) 395-7436. Prev. Year Year
TIM Group Market Sentiment Member Bank Latest Week Ago Handy & Harman 7/14 7/7 Ago
c-Annualized yields, adjusted for constant maturity, reported by Reserve Chgs. (Mil. $) Week Change Change
the Federal Reserve on a weekly average basis. Indicator 54.7% 51.4% 50.4% Gold, troy ounce 1230.30 1215.65 1327.00
Sources: Tullett Prebon information, Ltd. Source: TIM Group, 3 Columbus Circle, Suite 1592 One week ended Jul 12: Silver, troy ounce 15.89 15.39 20.15
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

SIX Financial Information. z-Bankrate.com. New York, NY 10019 (844) 207-1445. timsupport@timgroup.com U.S. Gov't securities: Base for pricing gold and silver contents of shipments and for
Bought outright 4,243,489 + 29 + 12,352 making refining settlement.
Price Premium Premium
Federal agency secur: Coins $ %
WEEKLY BOND STATISTICS Bought outright 8,097 .... -16,999
Reserve bank credit:
Krugerrand 1277.69 49.14 4.00
Last Prev. Yr Ago Last Prev. Yr Ago Maple Leaf 1289.98 61.43 5.00
Primary Credit 15 -11 -11
Week Week Week Week Week Week Mexican Peso 1489.26 8.00 0.54
Secondary Credit .... .... ....
Austria Crown 1207.22 3.00 0.25
New Offerings, (mil $) (v) Bond Buyer 20 Bond Index (Index of yields of 20 Seasonal Credit 139 + 26 -18 Austria Phil 1289.98 61.43 5.00
Corporate (z) 15,533 r6,851 28,947 general obligation municipal bonds.) Float -273 + 354 + 19 U.S. Eagles 1289.98 61.43 5.00
Municipal (z) 9,294 r647 10,816 3.61 3.60
2.80 Other F.R. Assets 30,695 + 2,660 -1,422 Premium is the amount over the value of the gold content in the
Best Grade Bonds-y (Barron's index of 10 high-grade Total Fed Credit # 4,426,734 -223 -4,882 coin. Source Manfra, Tordella & Brookes, Inc.
Bond Buyer Municipal Bond Index (Index of 40
corporate bonds.) Gold stock 11,041 .... .... Bullion spot gold price 1228.55
actively-traded tax-exempt bonds; component issues are SDR Certif. Accounts 5,200 .... ....
3.26 3.30 2.99 changed regularly to keep the index a current picture of the Treas. Curr. Outst. 48,977 + 14 + 899
Interm-Grade Bonds-y (Barron's index of 10 market. Source: The Bond Buyer Total 4,512,606 -312 -4,574 GOLD PERFORMANCE
medium-grade corporate bonds.) 4.09 4.10 3.77 Currency in circ 1,564,945 + 2,038 + 99,919
4.27 4.36 4.52 Stock/Bond Yield Gap-s (Difference between yield on Treas. Cash Hldgs 179 -7 + 109 No Whiff of Inflation: Gold rose about
highest-grade corporate bonds and yield on stocks on the DJIA.) Treas. Fed Deposits 171,033 -5,973 -145,031 1% to $1,230 as Junes CPI figure didnt
Confidence Index (High-grade index divided by inter- Foreign Fed Deposits 5,165 .... -31
mediate-grade index; decline in latter vs. former generally .96 .97 .55 budge. No need for the Fed to lift rates.
Other Fed Deposits 74,853 -4,066 + 18,700
indicates rising confidence, pointing to higher stocks.) Yield on DJ Equal Weight US Corp Bond Idx: Other FR liab/cap 47,583 -248 -501
10
76.2 75.7 66.2 Corp Bonds, (y) 3.02 3.07 2.53 Total factors 2,291,836 -144,742 + 85,422
Other Confidence Indicators: v-Week ended Thursday. y-Yield to maturity, week ended Thursday. Reserves F.R. banks 2,220,769 + 144,429 -89,997
z-Source: Thomson Reuters.*Barclays T-Bond Index discontinued 3,322,587 + 6,473 + 100,167
Fgn hold U.S. debt Handy & Harman Gold Price
Bloomberg Barclays US Long Treasury*(This by firm. s 0
index measures the performance of fixed-rate, nominal US Reserve Aggr (Mil. $ sa) Latest Prev. Wk. % Year
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.) Two Wks Ended Jul 5: Wk. Week Chg. Ago
3396.69 3376.35 3707.56
MONEY SUPPLY Total Reserves: 2,185,003 2,304,330 -5.18 2,317,644
Nonborrowed Res # 2,184,867 2,304,244 -5.18 2,317,467 -10
Bloomberg Barclays US Credit (This index Money Supply (Bil. $ seas. adj.) Latest Prev. Yr. Ago YOY % Chg
Required Res ## 187,597 178,601 5.04 162,421
includes all publicly issued, fixed-rate, non-convertible, invest- Week ended July 3 Excess Reserves: 1,997,406 2,125,729 -6.04 2,155,223
ment-grade, dollar-denominated, SEC-registered corporate M1 3,559.9 r3,515.8 3,264.4 9.05 Borrowed Reserves 136 87 56.32 177
debt. All issues have at least one year to maturity and outstand- M2 13,515.2 r13,546.0 12,821.9 5.41
Free Reserves ### 1,997,270 2,125,642 -6.04 2,155,046
-20
ing par value of at least $250 million. Jan. 1, 1973=0.) (v) Two Weeks ended July 5
M1 Multiplier (St. Louis Fed) 0.955 0.912 0.869 9.90
Monetary Base 3,678,933 3,796,917 -3.11 3,717,084 s
2695.71 2687.64 2670.86 # Fed supply of permanent reserves provided. Barron's Gold Mining Index (461.93)
Monthly Money Supply
Ryan Labs Treasury Index (Index of total return from Month ended June
## Demand for reserves to back deposits.
### Free reserves equal excess reserves minus discount window bor-
-30
active Treasury notes and bonds. Dec. 31, 1996=100.) M1 3,497.6 3,505.4 3,242.4 7.87 rowings other than extended credit. Free reserves are shorthand method A S O N D J F M A M J J
of determining the degree of ease of Fed policy, or when they are negative
271.10 270.90 284.81 M2 13,519.3 13,495.8 12,807.6 5.56 net borrowed reserves, tightness.
 July 17, 2017 BARRONS M39

Market Laboratory
STOCK SPLITS/DIVIDENDS WEEK'S DIVIDEND PAYMENT WEEK'S EX-DIVIDEND DATES
Record Ex-Dividend Payment
Company Name-Ticker Symbol (Exchange) Amount Date Date Date This list includes payouts on common stocks. This list includes payouts on common stocks.
MFC Bancorp-MFCB (NYSE) ................................................................ 20-for-1 NA 7-14 NA NYSE NYSE
Monday US Bancorp
Vermilion Energy
.28 Commercial Metals
.161 Embraer ADR
.12
.049
Tuesday Pentair PLC
PerkinElmer
.345
.07
Saturday
SPECIAL DIVIDENDS (July 17)
Tuesday F M C Corp .165
(July 18)
Caterpillar .78
Procter & Gamble .69
(July 22)
AXIS Capital Holdings .38 NONE
Nam Tai Property .07 Williams-Sonoma .39
Record Ex-Dividend Payment Colony NorthStar .27 (July 18) Compass Diversified .36
Company Name-Ticker Symbol (Exchange) Amount Date Date Date CoreCivic .42 Choice Hotels Intl .215
Taiwan Semiconduct
Xcel Energy
1.159
.36
Seaspan .125 Thursday Sunday
Crescent Point Energy .023 Dynagas LNG Partners .422 Tahoe Resources .02 (July 20) (July 23)
Amerco-UHAL (Nasdaq) ........................................................................ 1.00 7-20 7-18 8-03 Friday
Culp .21 State Street .38 Wednesday ConocoPhillips .265 NONE
Banco Bradesco Ord ADR-BBDO (NYSE).......................................... 0.01 8-04 8-02 9-08 Culp Wednesday
.08 (July 21)
(July 19)
Costamare .10
Oasmia Pharmaceutical ADR-OASM (NCM ).................................... 0.02 7-17 7-13 7-24 Domtar .415
(July 19)
American Eagle Outfit .125
AAR Corp .075
CR Bard .26 Monday
Ecolab Inc .37 Chubb .71 CVS Health .50
ESCO Technologies .08 Apache Corp .25 (July 24)
HealthSouth .24
Heico Cl A .08
Eagle Materials .10
Chunghwa Telecom 1.629 Friday Adient .275
Industrias Bachoco ADR .43 Roper Technologies .35
DIVIDEND PAYMENT REDUCTIONS Heico Corp .08 ClubCorp Holdings .13 (July 21) Lowe's Cos .41
Lennox International
OFG Bancorp
.51
.06
John Wiley & Sons A .32 Saturday Cooper Cos .03 Pembina Pipeline .131 Royal Bank of Canada .644
Adjusted % Record Ex-Div Payment John Wiley & Sons B .32 (July 22)
Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date Osisko Gold Royalties .029
Superior Industries .09 NONE NASDAQ
Park Hotels & Resorts .43
None Thursday
Portland General Electric .34 Sunday Tuesday WD-40 .49 Saturday
Raymond James .22 (July 20) (July 23) (July 18) (July 22)
Thermo Fisher Scientific .15 Agrium .875 NONE Amerco 1.00 Thursday NONE
DIVIDEND PAYMENT BOOSTS NASDAQ Wednesday (July 20)
Sunday
NONE
(July 19) (July 23) NONE
Adjusted % Record Ex-Div Payment Monday Banner 1.00 Friday Bridge Bancorp .23
Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date
(July 17) Bed Bath & Beyond .15
(July 21) First Busey .18 Friday Monday
4.65% Fltg. Rate STRATS-GJO (NYSE) ................. 2.0 M .036366 .035037 3.8 % 7-14 7-12 7-17 Adv Emissions Solutions .25 Intuit .34 Bank of The Ozarks .18 Gladstone Land .044 (July 21) (July 24)
AmTrust Financial .17 Limoneira .055 Encore Wire .02 US Ecology .18 Codorus Valley Bancorp.135 Fastenal Co .32
Acme United-ACU (NYSE MKT )............................... 1.6 Q .11 .10 10.0 7-20 7-18 8-03 Bank of Commerce Hldgs.03 Werner Enterprises .07 Glacier Bancorp .21
Antero Midstream Partners-AM (NYSE) .............. 3.9 Q .32 .30 6.7 8-03 8-01 8-16 DMC Global .02 Horizon Bancorp .13 NYSE MKT
Ares Dynamic Credit Alloc-ARDC (NYSE) ............ 7.7 M .105 .1025 2.4 7-24 7-20 7-31 Fifth Third Bancorp .14Wednesday Marvell Tech Group .06
Tuesday Thursday Saturday
First Internet Bancorp .06 (July 19) Monotype Imaging .113
Bassett Furniture Inds-BSET (Nasdaq) ................. 1.1 Q .11 .10 10.0 8-11 8-09 8-25 Maiden Holdings .15 (July 18) (July 20) (July 22) NONE
ChipMOS Technologies .197 Preferred Bank LA .20
Cummins-CMI (NYSE) ............................................. 2.6 Q 1.08 1.025 5.4 8-18 8-16 9-01 MercadoLibre .15 Raven Industries .13 Acme United .11 Issuer Direct .05 Sunday
ChipMOS Technologies .459
Duke Energy-DUK (NYSE) ....................................... 4.2 Q .89 .855 4.1 8-18 8-16 9-18 National General Hldgs .04 Republic Bancorp .22
Education Realty Trust-EDR (NYSE)..................... 4.1 Q .39 .38 2.6 7-31 7-27 8-15 Pegasystems .03
Gentex .10
Royal Gold .24 Wednesday Friday (July 23) NONE
Shoe Carnival .075 Hingham Institution Savs.32 Utd Security Bancshares .05 (July 19) (July 21) Monday
Genesis Energy-GEL (NYSE).................................. 9.1 Q .7225 .72 0.3 7-31 7-27 8-14 Student Transportation .037 NONE NONE (July 24) NONE
Gladstone Land-LAND (Nasdaq) ............................ 4.6 M .044 .0435 1.1 7-21 7-19 7-31 Umpqua Holdings .16Thursday Saturday
Western Digital .50 (July 20)
Healthcare Services Group-HCSG (Nasdaq)........ 1.4 Q .18875 .1875 0.7 8-18 8-16 9-22 Willis Towers Watson .53 CVB Financial
(July 22)
Highway Holdings-HIHO (NCM ) ............................ 10.7 Q .10 .07 42.9 7-28 7-26 8-18 Windstream Holdings .15 Cypress Semiconductor .11
.14 NONE NEW LISTINGS
Home Federal Bancorp LA-HFBL (NCM ) ............. 1.8 Q .12 .09 33.3 7-24 7-20 8-07 Tuesday Erie Indemnity Cl A .782 Sunday
Itau Unibanco Holding ADR-ITUB (NYSE)............ 0.5 M .004673 .00453 3.2 8-03 8-01 9-11 Preformed Line Products.20 (July 23)
NYSE
(July 18)
BBX Capital (BBX)
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Occidental Petroleum-OXY (NYSE)....................... 5.1 Q .77 .76 1.3 9-11 9-08 10-16 Banner .25 Rent-A-Center .08 NONE
Omega Hlthcare Investors-OHI (NYSE) ............... 7.7 Q .64 .63 1.6 8-01 7-28 8-15 NYSE MKT NYSE MKT
Paychex-PAYX (Nasdaq) .......................................... 3.5 Q .50 .46 8.7 8-01 7-28 8-24
Monday Wednesday Friday Sierra Metals (SMTS)
Walgreens Boots Alliance-WBA (Nasdaq) ........... 2.0 Q .40 .375 6.7 8-18 8-16 9-12
(July 17) (July 19) (July 21) NONE Nasdaq
RELM Wireless .02 NONE
Saturday Akcea Therapeutics (AKCA)
(July 22) NONE
QUARTERLY DIVIDENDS: DOW JONES TRANSPORTATION AVERAGE Tuesday Thursday Co-Diagnostics (CODX)
(July 18) (July 20) Sunday MYnd Analytics (MYND)
This table list the dividends of the Dow Jones Transportation Average component stocks based upon the NONE NONE (July 23) NONE
Simply Good Foods (SMPL)
record date and adjusted by the Dow Divisor in effect at the end of the quarter.
2017 2017 2016 2016 2016 TRADING SUSPENDED
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

NAME CHANGES
Company June Mar. Dec. Sep. June NYSE
Alaska Air Group (ALK) ..... .30 .30 .275 .275 .275 Kate Spade (KATE) NYSE
World Point Terminals (WPT) None
American Airlines (AAL) ... .10 .10 .10 .10 .10
NYSE MKT NYSE MKT
Avis Budget Grp (CAR) ..... Nil Nil Nil Nil Nil
None None
C.H. Robinson (CHRW) .... .45 .45 .45 .43 .43
Nasdaq Nasdaq
CSX Corp. (CSX) .............. .20 .18 .18 .18 .18
Conyers Park Acquisition (CPAA) Exela Technologies (XELA), formerly Quinpario Acquisition
Delta Air Line (DAL) .......... .2025 .2025 .2025 .2025 .135 Yulong Eco-Materials (YECO) Corp 2 (QPAC)
Expeditors Int'l (EXPD) ..... .42 Nil .40 Nil .40
FedEx (FDX) ..................... .50 .40 .40 .40 .40
Hunt JB (JBHT) ................ .23 .23 .22 .22 .22 QUARTERLY DOW JONES UTILITY AVERAGE
JetBlue Air (JBLU) ............ Nil Nil Nil Nil Nil This table lists the earnings of the Dow Jones Utility Average component stocks based upon generally accepted
accounting principles. Earnings include discontinued and nonrecurring items but exclude extraordinary items and
KC Southern (KSU) .......... .33 .33 .33 .33 .33
accounting changes as reported by the company and adjusted by the Dow Divisor in effect at quarter end. The total
Kirby Corp (KEX) .............. Nil Nil Nil Nil Nil dividends of the component stocks are based upon the record date and adjusted by the Dow Divisor in effect at quar-
Landstar (LSTR) .............. .09 .09 .09 .09 .08 ter end. The payout ratio is the latest 12-months dividends divided by the latest 12-months earnings. r-Revised.
Matson Inc (MATX) .......... .19 .19 .19 .19 .18 Year Quarter Clos. Qtrly % Qtrly 12-Mo. P/E Qtrly 12-Mo. Divs Payout
Ended Ended Avg. Chg. Chg. Earns Earns Ratio Divs Divs Yield Ratio
Norf Sthn (NSC) ............... .61 .61 .59 .59 .59 2017 June 30 706.91 + 9.63 + 1.38 NA NA NA 6.03 23.37 3.31 NA
Ryder System (R) ............. .44 .44 .44 .44 .41 Mar. 31 697.28 + 37.67 + 5.71 11.14 18.39 37.9 5.95 22.99 3.30 1.2501
Swst Airl (LUV) ................ .125 .10 .10 .10 .10 2016 Dec. 30 659.61 8.52 1.28 -5.76 15.45 42.7 5.71 22.62 3.43 1.4641
Sep. 30 668.13 48.39 6.75 8.98 24.91 26.8 5.68 22.27 3.33 0.8940
United Parcel Ser (UPS) ... .83 .83 .78 .78 .78 June 30 716.52 + 47.95 + 7.17 4.03 25.86 27.7 5.65 21.92 3.06 0.8476
Union Pac (UNP) .............. .605 .605 .605 .55 .55 Mar. 31 668.57 + 90.75 + 15.71 8.20 29.51 22.7 5.58 21.46 3.21 0.7272
United Continental (UAL) .. Nil Nil Nil Nil Nil 2015 Dec. 31 577.82 + 0.99 + 0.17 3.70 30.89 18.7 5.36 21.03 3.64 0.6808
5.16 Sep. 30 576.83 + 26.51 + 4.82 9.93 32.64 17.7 5.33 20.63 3.58 0.6320
Total Dividends........ 5.6225 5.0575 5.3525 4.8775 June 30 550.32 36.76 6.26 7.68 35.37 15.6 5.19 20.38 3.70 0.5762
DJTA Divisor..................... 0.16416809180007 0.16416809180007 0.16416809180007 0.16416809180007 0.16416809180007 Mar. 31 587.08 31.00 5.02 9.08 34.22 17.2 5.15 20.15 3.43 0.5888
DJTA Average .................. 9563.73 9116.51 9043.90 8078.79 7485.13 2014 Dec. 31 618.08 + 66.79 + 12.12 5.95 31.21 19.8 4.96 19.93 3.22 0.6386
Sep. 30 551.29 24.69 4.29 12.66 31.19 17.7 5.08 19.88 3.61 0.6374
DJTA Qtr. Divs. ................. 34.25 30.81 32.60 29.71 31.43 June 30 575.98 + 43.85 + 8.24 6.53 27.68 20.8 4.96 19.69 3.42 0.7113
DJTA 4-Qtr Divs. .............. 127.37 124.55 121.67 118.37 115.69 Mar. 31 532.13 + 41.56 + 8.47 6.07 25.87 20.6 4.93 19.6 3.68 0.7576
DJTA Div. Yield, % ........... 1.33 1.37 1.35 1.47 1.55 2013 Dec. 31 490.57 + 8.28 + 1.72 5.93 25.63 19.1 4.91 19.66 4.01 0.7671
 M40 X W L C 10 11 12 H G B P BARRONS 4 8 3 F A M 6 7 9 0 I July 17, 2017

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July 17, 2017

TOP
BARRONS

ADVISORS. BEST
A SPECIAL AD SECTION
SPECIAL ADVERTISING SECTION

PRACTICES.
S1
 S2 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

LETTER FROM THE EDITOR

What It Takes To Be A Barrons Advisor

B
arrons began ranking financial advisors in 2004 with the goal of shining a spotlight on the best people in the business. Many stories had been written in the
press over the years about bad financial advisors and the trouble they caused investors. But those stories held little benefit for our readers. What our readers
wanted to know is this: Who are the truly great financial advisors and what are they telling their clients?

Thats the question weve tried to answer with our advisor rankings.

From the outset, the rankings have been a remarkable success. It is now accepted in the industry that the advisors ranked by Barrons represent the top 1% of their
profession. In fact, its become a badge of honor to be called a Barrons advisor, a phrase thats cropped up informally to describe the folks who make our lists. We
began in 2004 with our first ranking of the nations top 100 advisors, working with a small firm called the Winners Circle, which we acquired in 2008. We published
our first list of the Top 100 Women Advisors in 2006. A year after that, we published a list of the Top 100 Independent Advisors, meaning the best advisors not affili-
ated with the big full-service firms like Merrill Lynch, Morgan Stanley, Wells Fargo, or UBS.

One problem with all of these lists: They were dominated by advisors in New York, California, Florida, and a few other places where Americas wealth is concentrated.
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We knew that we were missing great advisors in South Carolina, Alaska, Wyoming, and other states with smaller amounts of wealth.

Our solution: the Top 1,000 state-by-state ranking, which we first published in 2009 and which we expanded to 1,200 spots in 2014. This list grants each state a
minimum of six spots and allows proportionately more spots for states with greater assets.

All of our advisor rankings are based on hard numbers: an advisors assets under management and annual revenue generated, as well as length of time in the business,
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

client retention, and philanthropic work. Critically important, we carefully check the regulatory record of each advisor we rank.

Advisors pay a fee to
be listed in this section,
but their participation
has no bearing on their
Every year, readers ask us how to get in touch with specific advisors who are ranked in Barrons. This special advertising
section, published 10 times a year, is an effort to make that easier. This section allows Barrons-ranked advisorsand
only Barrons-ranked advisorsto publish their phone numbers, email addresses, and Website addresses. A link to this
special advertising section can be found on the home page of Barrons Advisor Center: Barrons.com/AdvisorCenter.
The site, launched in October 2016, is devoted to helping advisors serve their clients better. Advisors pay a fee to be
listed in this section, but their participation has no bearing on their place in our rankings, nor does it guarantee that they

place in our rankings,
nor does it guarantee
that they will be ranked
in future years.
will be ranked in future years. In our advisor rankings, as in all Barrons journalism, the readers interests must come first
and not be subordinated to any commercial considerations.
We want to thank all Barrons-ranked advisors and their firms for helping us make our rankings successful. We also want
to thank these advisors for setting the highest standards for their profession and for sharing their investing insights on a
regular basis with Barrons readers.

Jack Otter | Editor

 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S3

Directory of Barrons-Ranked Financial Advisors

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

ALABAMA

Merrill Lynch Wealth Mgmt mark_mantooth@ml.com

Mark Mantooth
Huntsville
(256) 650-2441
fa.ml.com/mantooth_pols RHUI 981 2 3.5

Merrill Lynch Wealth Mgmt robert_runkle@ml.com

Robert Runkle
Montgomery
(334) 409-5810
fa.ml.com/robert_runkle HUFI 1270 2.5 3.8

ARIZONA

Morgan Stanley PWM robert.bancroft@morganstanleypwm.com

Robert Bancroft
Scottsdale
(480) 624-5714
morganstanleypwa.com/bbg RHU 944 15 25.0

RBC Wealth Mgmt allan.flader@rbc.com

Allan Flader
Phoenix
(602) 381-5388
fladergroup.com RHU 636 2.5 5.0

Merrill Lynch Wealth Mgmt schris_gale@ml.com

S. Christopher Gale
Scottsdale
(480) 607-8765
fa.ml.com/sg_group RHUFI 773 5 10.0

Merrill Lynch Wealth Mgmt james_marten@ml.com

James Marten
Phoenix
(602) 954-5016
fa.ml.com/martengroup RHUFE 1,323 3 5.0

Merrill Lynch Wealth Mgmt david_stahle@ml.com

David Stahle
Gilbert
(480) 752-6435
fa.ml.com/sbgroupaz RHUFE 2312 3 5.0

Wells Fargo Advisors transuer@wellsfargo.com

Ruth Transue (520) 529-5932 HU 675 2 4.0
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Tucson ruthtransue.wfadv.com

Wilde Wealth Mgmt Group trevor@wildewealth.com

Trevor Wilde
Scottsdale
(480) 361-6203
wildewealth.com RH 448 0.72 1.3

ARKANSAS

UBS Financial Services hardy.winburn@ubs.com

Hardy Winburn V
Little Rock
(501) 221-5101
ubs.com/team/winburn RHUI 448 2.6 5.0

CALIFORNIA
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Morgan Stanley Wealth Mgmt anouchka.m.balog@morganstanley.com

Anouchka Balog
Laguna Niguel
(949) 365-5306
morganstanleyfa.com/balog RHU 562 5 10

Westmount Asset Management jberliner@westmount.com

Jim Berliner
Los Angeles
(310) 556-2502
westmount.com RHUFEI 2,393 2.75 8.0

Churchill Management Group fredafern@churchillmanagement.com

Fred Fern
Los Angeles
(323) 937-7110
churchillmanagement.com RHUI 3,953 0.75 3.0

J.P. Morgan Securities gary.fournier@jpmorgan.com

Gary Fournier
Los Angeles
(213) 553-7410
jpmorgansecurities.com/thefourniergroup HUI 1,312 10 25.0

J.P. Morgan Securities tracey.gluck@jpmorgan.com

Tracey Gluck
Los Angeles
(310) 201-2610
jpmorgansecurities.com/gluckgroup RHUFI 865 10 15

Merrill Lynch PBIG eric_gray@ml.com

Eric Gray
Los Angeles
(310) 407-3797
pbig.ml.com/advisor/grayteam.html HUF 8,542 50 80.0

Merrill Lynch Wealth Mgmt philippe_hartl@ml.com

Philippe Hartl
Century City
(310) 407-3984
pbig.ml.com/advisor/hartl_team.html HUF 2,623 30 80.0

Signature Estate & Inv Adv bholmes@seia.com

Brian Holmes
Los Angeles
(310) 712-2326
seia.com HUFI 5,490 8 21.0

Merrill Lynch Wealth Mgmt peter_huffman@ml.com

Peter Huffman
La Jolla
(858) 456-3624
fa.ml.com/huffman_group RHUFE 696 5 17.5

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S4 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

Graystone Consulting dana.jackson@msgraystone.com

Dana Jackson
Menlo Park, Calif.
(650) 234-5902
morganstanleypwa.com/jacksoncapitalgroup HUF 24,920 30 45.0

Merrill Lynch PBIG richardb_jones@ml.com

Richard Jones
Los Angeles
(310) 407-4925
pwa.ml.com/joneszafarigroup UFE 13,851 50 75.0

Merrill Lynch PBIG john_mcnamee@ml.com

John McNamee
Los Angeles
(310) 407-4824
pwa.ml.com/mcnameewhite HUFI 3,917 40 75.0

J.P. Morgan Securities elaine.meyers@jpmorgan.com

Elaine Meyers
San Francisco
(415) 315-7801
jpmorgansecurities.com/elainemeyers HU 2,200 45 100

Morton Capital Management clientservices@mortoncapital.com

Lon Morton
Calabasas
(818) 591-6205
mortoncapital.com RHUI 1,602 2.7 8.0

Ameriprise Financial george.x.papadoyannis@ampf.com

George Papadoyannis
San Mateo
(650) 593-9170
papadoyannisandassociates.com RHU 4,400 2 7.5

Pence Wealth Mgmt laila.pence@lpl.com

Laila Pence
Newport Beach
(949) 660-8777
pencewealthmanagement.com RHU 1,358 2 5.0

Morgan Stanley PWM darren.a.pfefferman@morganstanleypwm.com

Darren Pfefferman
San Diego
(858) 597-7754
morganstanleypwa.com/scottgroupsb RHUE 1,681 10 25.0

Kayne Anderson Rudnick spowell@kayne.com

Spuds Powell
Los Angeles
(310) 282-7945
kayne.com HUFI 11,978 7 15.0

Merrill Lynch Wealth Mgmt perry_richards@ml.com

Perry Richards
Beverly Hills
(310) 858-4816
fa.ml.com/rh_associates HUFI 991 5 15.0

UBS Financial Services joseph.schirripa@ubs.com

Joseph Schirripa
Beverly Hills
(310) 281-3810
ubs.com/team/schirripagroup RHUI 1,599 3 10.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

UBS Financial Services lawrence.smith@ubs.com

Lawrence Smith
Brea
(800) 778-1877
ubs.com/team/owp RHF 644 1.3 2.5

Morgan Stanley Wealth Mgmt alan.whitman@morganstanley.com

Alan Whitman
Pasadena
(626) 405-9313
morganstanleyfa.com/wr RHU 2,571 5 15.0

Dowling & Yahnke dale.yahnke@dywealth.com

Dale Yahnke
San Diego
(858) 509-9500
dywealth.com HUF 3,223 3 20.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Destination Wealth Management michael@destinationwm.com

Michael Yoshikami
Walnut Creek
(925) 935-2900
destinationwm.com RHU 1,700 2 8.0

Morgan Stanley Wealth Mgmt cheryl.young@morganstanley.com

Cheryl Young
Los Gatos
(408) 358-0976
morganstanleyfa.com/youngandassociates RHU 1,225 8 17

COLORADO

LPL Financial Services mbrown@brown-tedstrom.com

Mark R. Brown
Denver
(303) 863-7231
brown-tedstrom.com HU 573 7.6 14.4

Morgan Stanley PWM shawn.fowler@morganstanley.com

Shawn Fowler
Denver
(303) 446-3306
morganstanleypwa.com/shawnfowlermaxwellbull HUI 2686 33 62.0

Morgan Stanley Wealth Mgmt bruce.hemmings@ms.com

G. Bruce Hemmings
Loveland
(970) 776-5501
morganstanleyfa.com/hemmingsgroup RHU 476 2 5.0

Merrill Lynch PBIG carl_hoover@ml.com

Carl Hoover
Denver
(720) 941-2033
pbig.ml.com/advisor/thehtteam.html HU 2,457 12 15.0

Janiczek Wealth Management jjaniczek@janiczek.com

Joseph Janiczek
Greenwood Village
(303) 721-7000
janiczek.com HU 483 2.5 7.0

Obermeyer Wood Inv Counsel info@obermeyerwood.com

Wally Obermeyer
Aspen
(970) 925-8747
obermeyerwood.com RHU 1,560 3 10.0

Raymond James mark.smith@raymondjames.com

Mark J. Smith
Greenwood Village
(303) 768-0007
mj-smith.com RH 862 1.6 2.1

Merrill Lynch PBIG scott_thisted@ml.com

Scott Thisted
Denver
(720) 941-2034
pbig.ml.com/advisor/thehtteam.html HU 2,457 12 15.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S5

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

CONNECTICUT

Beirne Wealth Consulting jbetzig@beirnewealth.com

Jim Betzig
Milford
(203) 701-8606
beirnewealth.com RHUFI 2,335 2.2 5.5

Morgan Stanley Wealth Mgmt peter.chieco@morganstanley.com

Peter Chieco
Greenwich
(203) 625-4897
morganstanleyfa.com/thesoundshoregroup RHUI 1,360 5 15.0

Merrill Lynch PBIG jeff_erdmann@ml.com

Jeff Erdmann
Greenwich
(203) 861-5902
pbig.ml.com/advisor/erdmanngroup U 6013 36.7 50.0

Merrill Lynch Wealth Mgmt mario_forlini@ml.com

Mario Forlini
Greenwich
(203) 861-5930
fa.ml.com/theforlinigroup HU 779 4 10.0

Merrill Lynch Wealth Mgmt david_goodwin@ml.com

David E. Goodwin
Hartford
(800) 998-9837
fa.ml.com/goodwin_group RHUF 547 6 10.0

Morgan Stanley PWM john.goodwin@morganstanleypwm.com

John H. Goodwin
Stamford
(212) 761-3986
morganstanleypwa.com/gwtteam HUF 2,138 50 75.0

UBS Financial Services william.greco@ubs.com

William Greco
Hartford, Conn.
(860) 727-1515
financialservicesinc.ubs.com/team/grecogroup RHU 5,177 9 12.0

Morgan Stanley PWM terry.markey@morganstanleypwm.com

Terence Markey
Greenwich
(203) 625-4884
morganstanleypwa.com/fmmsgroup HUI 5,384 28 60.0

Janney Montgomery Scott noblegroup@janney.com

Charles J. Noble III
New Haven
(203) 784-7401
noblewealthadvisors.com RHUI 800 5 10.0

Morgan Stanley Wealth Mgmt harold.j.trischman@morganstanley.com

Harold Trischman
Greenwich
(203) 625-4824
fa.morganstanley.com/trischmangroup RHUFE 1,893 4 9.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

LPL Financial Services joan.valenti@valentiwealthmanagement.com

Joan Valenti
Farmington
(860) 677-7790
valentiwealthmanagement.com RHUI 405 2 2.0

DELAWARE

Wells Fargo Advisors dana.edwards@wellsfargoadvisors.com

Donald DeWees Sr.
Greenville
(302) 428-8611
deweesicg.com RHUFI 962 1.5 3.5

Merrill Lynch Wealth Mgmt michael_s_koppenhaver@ml.com

Michael Koppenhaver
Dover
(888) 766-4680
fa.ml.com/koppenhaver_hawkins_associates RHUFEI 600 1.6 4.6
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Ameriprise Financial kimberlee.m.orth@ampf.com

Kimberlee Orth
Wilmington
(302) 475-5105
orthfinancialgroup.com RHU 1554 4.02 10.5

WASHINGTON, DC

Morgan Stanley Wealth Mgmt michael.j.freiman@morganstanley.com

Michael Freiman
Washington
(202) 778-1382
teamfreiman.com RHUFE 1,311 1 2.5

Merrill Lynch Wealth Mgmt paul_goreeiii@ml.com

Paul Goree III
Washington
(202) 659-6198
fa.ml.com/groupag RHU 1,200 4.2 7.0

Merrill Lynch Wealth Mgmt michael_kirvan@ml.com

Michael Kirvan
Washington
(202) 659-7349
fa.ml.com/thekirvangroup RHU 815 4.3 9.0

Merrill Lynch PBIG neil.kishter@ml.com

Neil Kishter
Washington
(202) 659-5033
pwa.ml.com/neil.kishter HU 604 5 20.0

Morgan Stanley PWM marvin.mcintyre@morganstanleypwm.com

Marvin McIntyre
Washington
(202) 778-1381
morganstanleypwa.com/cwmg RHUFI 3380 5 25.0

Wells Fargo Advisors christopher.sargent@wellsfargoadvisors.com

Christopher S. Sargent
Washington
(202) 861-4519
thesargentinvestmentgroup.wfadv.com RHUFE 896 3 5.0

Morgan Stanley PWM john.m.williams@morganstanleypwm.com

John M. Williams
Washington
(202) 862-2876
morganstanleypwa.com/williams_group HUFE 2,094 20 35.0

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S6 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

FLORIDA

Morgan Stanley Wealth Mgmt richard.altieri@morganstanley.com

Richard Altieri
Boca Raton
(561) 393-1836
fa.morganstanley.com/thealtierigroup RHU 1,121 5 20.0

J.P. Morgan Securities louise.armour@jpmorgan.com

Louise Armour
Palm Beach
(561) 798-3205
jpmorgansecurities.com/louisearmour RHUF 915 7 17.0

Raymond James peter.bermont@raymondjames.com

Peter Bermont
Coral Gables
(305) 446-6600
bermontadvisorygroup.com HUFE 1,360 11 25.0

Morgan Stanley Wealth Mgmt gary.burwick@ms.com

Gary Burwick
Plantation
(954) 577-8885
morganstanleyfa.com/theburwickmillsgroup RHUI 669 3 5.0

Morgan Stanley PWM adam.e.carlin@morganstanleypwm.com

Adam Carlin
Coral Gables
(305) 476-3302
morganstanleyfa.com/carlin HU 2,188 16 25.0

J.P. Morgan Securities damion.carufe@jpmorgan.com

Damion Carufe
Palm Beach Gardens
(561) 694-5688
jpmorgansecurities.com/carufegroup RHU 755 5 10.0

Merrill Lynch PBIG louis_chiavacci@ml.com

Louis Chiavacci
Coral Gables
(888) 655-6847
pwa.ml.com/chiavacciteam UF 2,285 35 75.0

Raymond James don.dadesky@raymondjames.com

Don dAdesky
Boca Raton
(561) 981-3690
raymondjames.com/theamericasgroup RHUI 3,250 10 3.0

Morgan Stanley Wealth Mgmt aimee.cogan@morganstanley.com

Aimee DeMariano Cogan
Sarasota
(941) 363-8515
morganstanleyfa.com/bellwethergroup HUFE 739 10 20.0

Wells Fargo Advisors robert.t.edwards@wfadvisors.com

Bob Edwards
Naples
(239) 254-2200
moranedwards.com RHUFI 3,253 5 25.0

Morgan Stanley Wealth Mgmt nelson.faro@ms.com

RHUI
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Nelson Faro (305) 937-7138 2,521 5 6.0

Aventura morganstanleyfa.com/thefarogroup

Morgan Stanley Wealth Mgmt david.h.fox@morganstanley.com

David Fox
Boca Raton
(561) 393-1513
morganstanleyfa/foxteamsb RHUFEI 2,396 4 10.0

Morgan Stanley Wealth Mgmt neil.a.fox@morganstanley.com

Neil A. Fox
Boca Raton
(561) 393-1513
morganstanleyfa.com/foxteamsb RHUI 2,396 4 10.0

Morgan Stanley Wealth Mgmt janet.franco.gordon@morganstanley.com

Janet Franco Gordon (305) 476-3304 HU 830 5.5 12.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Coral Gables morganstanleyfa.com/thegordongroup

Merrill Lynch Wealth Mgmt eric.glasband@ml.com

Eric Glasband
Boca Raton
(561) 361-3437
fa.ml.com/GS RHUFEI 808 4.52 10.0

Wells Fargo Advisors keith.jacoby@wfadvisors.com

Keith Jacoby
Naples
(239) 254-2252
jacobynealonmccainwmg.com RHU 608 7 10.0

Merrill Lynch Wealth Mgmt william_w_king@ml.com

William King
Vero Beach
(212) 382-8515
fa.ml.com/william_w_king HUFEI 1,460 6 15.0

WaterOak Advisors newclient@wateroak.com

Clarke Lemons
Winter Park
(407) 567-2956
wateroak.com RHUF 1,641 3 5.0

Wells Fargo Advisors michael.mccain@wfadvisors.com

Michael McCain
Naples
(239) 254-2206
jacobynealonmccainwmg.com RHU 1,108 6 12.0

Merrill Lynch Wealth Mgmt william_h_merriam@ml.com

William Merriam
Jacksonville
(904) 218-5931
fa.ml.com/bill_merriam RHUFEI 860 2 5.0

Merrill Lynch Wealth Mgmt mark_m_miller@ml.com

Mark Miller
Boca Raton
(561) 416-4629
fa.ml.com/mark_miller RHU 707 4 10.0

Wells Fargo Advisors thomas.moran@wfadvisors.com

Thomas Moran
Naples, Fla.
(239) 254-2200
moranedwards.com RHUF 3,405 5 25.0

Graystone Consulting charles.mulfinger.ii@msgraystone.com

Charles Mulfinger II
Tampa
(813) 227-2061
morganstanleygc.com/gctampa RHUI 5,860 5.75 8.0

Morgan Stanley Wealth Mgmt michael.nickler@morganstanley.com

Michael Nickler
West Palm Beach
(561) 822-4955
morganstanley.com/fa//thenicklergroup RHU 642 5 10.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S7

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

Pinkerton Wealth Mgmt scottpinkerton@pinkertonwmg.com

Scott Pinkerton
Venice
(941) 408-8557
pinkertonwmg.com RHUFE 697 5 8.0

Merrill Lynch Wealth Mgmt adam.rosenfeld@ml.com

Adam Rosenfeld
Miami
(305) 577-6903
fa.ml.com/rosenfeldgroup HU 742 30 150.0

Morgan Stanley PWM andrew.schultz@morganstanleypwm.com

Andrew Schultz
Miami Beach
(305) 695-6116
fa.morganstanley.com/theschultzgroup HU 1,124 10 25.0

BSSFA msilver@bssfa.com
Michael Silver
Boca Raton
(561) 447-1997
bssfa.com RHUI 453 1 3.0

Raymond James mickey.silverman@raymondjames.com

Mickey Silverman
Boca Raton
(561) 997-9100
raymondjames.com/silvermangroup RHUF 1,308 5 35.0

J.P. Morgan Securities sal.tiano@jpmorgan.com

Sal Tiano
Palm Beach Gardens
(561) 694-5600
jpmorgansecurities.com/tianogroup HUI 1,600 15 30.0

GEORGIA

Balentine rbalentine@balentine.com
Robert Balentine
Atlanta
(404) 537-4800
balentine.com HUEI 2,373 16 25.0

Morgan Stanley PWM james.c.hansberger@morganstanleypwm.com

James Hansberger
Atlanta
(404) 264-4269
fa.morganstanley.com/hansbergermerlin HUF 2,171 20 50.0

Morgan Stanley Wealth Mgmt saul.levy@morganstanley.com

Saul Levy
Atlanta
(770) 698-2110
fa.morganstanley.com/theatlantagroup RHU 767 6 15.0

UBS PWM vandyke.price@ubs.com

Van Price
Atlanta
(404) 479-6080
financialservicesinc.ubs.com/team/ledoyenprice HUFI 3,914 25 50.0

Merrill Lynch PBIG rod_westmoreland@ml.com

HU
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Rod Westmoreland (404) 264-2066 3992 30 60.0

Atlanta pbig.ml.com/advisor/westmorelandgroup.html
IDAHO

Edward Jones andy.dodson@edwardjones.com

Andy Dodson
Nampa
(208) 466-1690
edwardjones.com RH 266 0.5 1.0

ILLINOIS

Merrill Lynch PBIG raj_bhatia@ml.com

Raj Bhatia (312) 325-2676 HUFE 1,473 15 25.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Chicago pwa.ml.com/bhatiagroup
Morgan Stanley Wealth Mgmt kyle.chudom@ms.com
Kyle Chudom
Oak Brook
(630) 573-9680
chudomhayes.com RHU 738 1.5 5.0

Morgan Stanley Wealth Mgmt patricia.g.cutilletta@ms.com

Patricia Cutilletta
Chicago
(312) 648-3401
morganstanleyfa.com/cutillettagroup HU 601 7 10

Morgan Stanley PWM brad.dehond@morganstanley.com

Brad DeHond
Chicago
(312) 706-4517
morganstanleypwa.com/mspwmchicago-mdm UF 1,836 37 45.0

Merrill Lynch Wealth Mgmt daniel.fries@ml.com

Daniel Fries
Chicago
(312) 696-2121
fa.ml.com/officeofdanielfries RHU 791 2.5 5.0

Wells Fargo Advisors steven.hefter@wellsfargoadvisors.com

Steven Hefter
Highland Park
(847) 563-3401
hlmcapital.com HUF 5000 10 30.0

Merrill Lynch Wealth Mgmt tom_kilborn@ml.com

Tom Kilborn
Northbrook
(847) 564-7201
fa.ml.com/kilborngroup RHU 858 4 6.0

Morgan Stanley PWM james.moriarity@morganstanley.com

James M. Moriarity
Chicago
(312) 706-4572
morganstanleypwa.com/mspwmchicago-mdm UF 1,837 37 45.0

Morgan Stanley PWM james.oberheide@morganstanleypwm.com

James Oberheide
Chicago
(312) 443-6090
morganstanleyfa.com/theoberheidegroup UF 3,200 50 100.0

Merrill Lynch Wealth Mgmt s_oberlander@ml.com

Sharon Oberlander
Chicago
(312) 696-7620
fa.ml.com/oberlandergroup HU 1,106 5 12.0

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S8 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

Merrill Lynch Wealth Mgmt steven_k_porter@ml.com

Steven Porter
Northbrook
(847) 564-7213
fa.ml.com/theportergroup RHU 589 2.2 3.2

Merrill Lynch PBIG maureen_raihle@ml.com

Maureen Raihle
Chicago
(312) 325-2635
pwa.ml.com/vrgroup HU 5,803 25 40.0

Morgan Stanley Wealth Mgmt kathy.roeser@ms.com

Kathleen Roeser
Chicago
(312) 443-6500
fa.morganstanley.com/theroesergroup HUFI 967 8 15.0

Morgan Stanley Wealth Mgmt joseph.silich@morganstanley.com

Joseph Silich
Chicago
(312) 443-6200
morganstanleyfa.com/joseph.silich HU 921 7 12.0

Merrill Lynch Wealth Mgmt brian_k_speers@ml.com

Brian Speers
Oak Brook
(630) 954-6396
fa.ml.com/bolin_speers_group RHUI 910 3.5 5.0

Morgan Stanley Wealth Mgmt laura.kane@morganstanley.com

Ronald Stenger
Oak Brook
(630) 573-9794
retirementnavigationprocess.com RH 528 1.3 3.0

Merrill Lynch Wealth Mgmt mark_w_thorndyke@ml.com

Mark Thorndyke
Chicago
(312) 696-7645
fa.ml.com/thorndykesheppardgroup RHU 904 4 6.0

Merrill Lynch Wealth Mgmt john_verbockel@ml.com

John Ver Bockel
Chicago
(312) 325-2634
pwa.ml.com/vrgroup HU 5,762 25 40.0

Merrill Lynch PBIG dave_wright@ml.com

David Wright
Chicago
(312) 325-2620
pwa.ml.com/wrighthudakzabel HUF 2,001 25 40.0

IOWA

Ameriprise Financial jeffrey.w.brandt@ampf.com

Jeffrey Brandt
Fort Dodge
(800) 647-9548
ascendantwealthmanagementgroup.com RH 563 1 3.6

Edward Jones timothy.finucan@edwardjones.com

RHU
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Timothy Finucan (515) 832-4155 472 0.75 1.5

Webster City edwardjones.com

Wells Fargo Advisors

Matthew Fryar
Des Moines
(515) 245-3120 matthew.r.fryar@wellsfargo.com HUF 640 5 7.0

Morgan Stanley PWM keith.k.swanson@morganstanleypwm.com

Keith Swanson
West Des Moines
(515) 224-5501
morganstanleypwa.com/swanson HUFI 736 7 15.0

KANSAS
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Morgan Stanley Wealth Mgmt scott.ferguson@morganstanley.com

Scott D. Ferguson
Leawood
(913) 402-5290
morganstanleyfa.com/thefergusonsmithgroup RHUF $617 $4 8.0

KENTUCKY

Merrill Lynch Wealth Mgmt barry_barlow@ml.com

Barry Barlow
Louisville
(502) 329-5097
fa.ml.com/b_barlow RHUF $653 $3 7.5

LOUISIANA

Merrill Lynch Wealth Mgmt curtis_eustis@ml.com

Curtis Eustis
New Orleans
(504) 586-7787
fa.ml.com/tle_group HUFEI 786 10 25.0

Ameriprise Financial charles.l.simmons@ampf.com

Charles Simmons
Metairie
(504) 779-7790
ameripriseadvisors.com/charles.l.simmons RHUI 1,733 0.75 1.8

Morgan Stanley Wealth Mgmt james.m.spiro@morganstanley.com

James Spiro
New Orleans
(504) 585-3973
morganstanleyfa.com/spirogroup RHU 1,669 1 4.0

MAINE

Morgan Stanley Wealth Mgmt todd.h.doolan@morganstanley.com

Todd Doolan
Portland
(207) 771-0844
morganstanleyfa.com/thedoolaneldredgegroup RHUI $360 $1.80 26.0

MARYLAND

Wells Fargo Advisors larry.d.boggs@wfadvisors.com

Larry Boggs
Cumberland
(301) 724-2660
home.wellsfargoadvisors.com/larry.d.boggs RHU 1,145 3 5.0

Collins Investment Group robert.collins@wfafinet.com

Robert Collins
Bethesda
(301) 915-9630
collinsinvestmentgroup.com RHU 742 3 7.0

Alex.Brown / Raymond James barry.garber@alexbrown.com

Barry Garber
Baltimore
(410) 525-6210
garberwealthmanagement.com HUFEI 2,500 15 25.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S9

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

Wells Fargo Advisors james.holzapfel@wellsfargoadvisors.com

Jim Holzapfel
Hagerstown
(240) 513-2766
holzapfelinvestmentgroup.com RHUFI 834 1.5 3.5

RBC Wealth Mgmt brian.kroneberger@rbc.com

Brian Kroneberger, Jr.
Hunt Valley
(410) 316-5454
thedkhgroup.com HUI 1,400 3.5 5.0

Lynch Group/Raymond James info@lynchretirementgroup.com

John Lynch
Fulton
(410) 715-3600
lynchretirementgroup.com RH 505 1.5 3.0

Ameriprise Financial william.a.morgan@ampf.com

William Morgan III
Ellicott City
(410) 418-9800
ameripriseadvisors.com/william.a.morgan RHU 940 0.9 2.3

Merrill Lynch Wealth Mgmt kent_pearce@ml.com

Kent Pearce
Towson
(410) 321-4340
fa.ml.com/pearce_group HUF 1,253 7 20.0

Graystone Consulting robert.s.scherer@msgraystone.com

Robert Scherer
Potomac, Md.
(301) 279-6403
msgraystone.com/metropolitandc HUFE 7,541 25 25.0

SPC Financial, Inc. jsella@spcfinancial.com

E. Geoffrey Sella
Rockville
(301) 770-6800
spcfinancial.com RH 666 0.72 1.6

Wagener-Lee / Raymond James rick@wagenerlee.com

Richard Wagener
Columbia
(443) 276-9595
wagenerlee.com RHUI 707 1.6 3.5

MASSACHUSETTS

D.K. Brede Investment Mgmt dkb@bredeinvestment.com

Debra Brede
Needham
(781) 444-9367
bredeinvestment.com HU 807 2 3.5

Grimes & Company tim@grimesco.com

Timothy Grimes
Westborough
(508) 366-3883
grimesco.com RHU 2,061 3.5 7.0

Merrill Lynch Wealth Mgmt sam_hodgson@ml.com

RHUF
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Sam Hodgson (800) 558-6568 739 5 8.0

Boston fa.ml.com/sam_hodgson
Morgan Stanley Wealth Mgmt david.javaheri@morganstanley.com
David Javaheri
Wellesely
(781) 416-2491
fa.morganstanley.com/thejavaherigroup RHUE 1,074 4 10.0

Kaplan Financial Svcs/LPL susan.kaplan@lpl.com

Susan Kaplan
Newton
(617) 527-1557
kaplan-financial.com HU 1,597 3.5 10.0

Morgan Stanley Wealth Mgmt stephen.kelliher@morganstanley.com

Stephen Kelliher
Norwell
(781) 681-4933
kellihercorbettgroup.com HUFEI 2,326 5.5 10.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Morgan Stanley PWM victor.livingstone@morganstanleypwm.com

Victor Livingstone
Boston
(617) 478-6500
morganstanley.com UFE 3,782 25 100.0

Morgan Stanley Wealth Mgmt deborah.moses@morganstanley.com

Deborah W. Moses
Boston
(617) 570-9409
fa.morganstanley.com/thebostonmosesteam U 1,076 36 46

Merrill Lynch Wealth Mgmt mary_mullin@ml.com

Mary Mullin
Boston
(617) 946-4018
fa.ml.com/mullinberiau HU 1,353 5 15

J.P. Morgan Securities peter.noonan@jpmorgan.com

Peter Noonan
Boston
(617) 654-2318
jpmorgansecurities.com/peternoonan RHU 1,626 15 100.0

Morgan Stanley Wealth Mgmt raju.pathak@ms.com

Raju Pathak
Boston
(617) 589-3373
fa.morganstanley.com/pathakgroup/index.htm RHUI 1,387 8 20.0

Graystone Consulting peter.b.princi@msgraystone.com

Peter Princi
Boston
(617) 589-3229
morganstanleyfa.com/theprincigroup HUFEI 4,696 7.5 15.0

New England Private Wealth Adv ira.rapaport@nepwealth.com

Ira Rapaport
Wellesley
(781) 416-1700
nepwealth.com HUFEI 1,517 5 9.0

Merrill Lynch PBIG sharma_group@ml.com

Raj Sharma
Boston
(800) 926-5579
pwa.ml.com/sharma_group UFI 6,101 10 15.0

Morgan Stanley PWM brian.s.strachan@morganstanleypwm.com

Brian Strachan
Boston
(617) 570-9240
morganstanleypwa.com/thestrachangroupsb HUF 1,871 10 20.0

Winthrop Wealth Mgmt / LPL mark.winthrop@winthropwealth.com

Mark Winthrop
Westborough
(508) 836-5500
winthropwealth.com RHU 1,505 3 8.0

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S10 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

MICHIGAN

Wells Fargo Advisors FiNet jeffrey.fratarcangeli@wfafinet.com

Jeffrey Fratarcangeli
Birmingham
(248) 385-5055
fratarcangeliwealthmanagement.com RHUI 750 10 25.0

Mainstay Capital Management mainstay@mainstaycapital.com

David Kudla
Grand Blanc
(866) 444-6246
mainstaycapital.com RHUI 2,006 0.5 4.0

Raymond James sheryl.stephens@stephenswmg.com

Sherri Stephens
Flint
(810) 732-7411
stephenswmg.com RHU 504 1.03 3.0

Merrill Lynch Wealth Mgmt leo_stevenson@ml.com

Leo Stevenson
Wyandotte
(734) 324-3826
www.fa.ml.com/wyandottegroup RHUI 559 1 1.75

UBS PWM jon.vigi@ubs.com

Jon Vigi
Birmingham
(855) 654-8444
ubs.com/team/vigiprivatewealth HUFI 705 20 40.0

Zhang Financial charles.zhang@zhangfinancial.com

Charles Zhang
Portage
(269) 385-5888
zhangfinancial.com RHUF $2,597 $2 3.0

M I N N E S O TA

Marks Group Wealth Mgmt info@marksgroup.com

Bennett Marks
Minnetonka
(952) 582-6100
marksgroup.com RHUFI 887 2 5.0

MISSOURI

Morgan Stanley Wealth Mgmt robert.millner@morganstanley.com

Robert Millner
St. Louis
(314) 889-9868
morganstanleyfa.com/themillnergroup RHU 910 2 5.0

Wells Fargo Advisors mike.moeller@wfadvisors.com

Michael Moeller
Chesterfield
(800) 866-2801
themoellergroup.net RHUFEI 1,275 2 3.0

Wells Fargo Advisors brian.pultman@wfadvisors.com

RHUI
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Brian I. Pultman (314) 991-7863 565 2 3.0

St. Louis brianpultman.wfadv.com

Morgan Stanley PWM kathleen.l.youngerman@morganstanleypwm.com

Kathleen Youngerman
Chesterfield
(314) 889-4862
morganstanleyfa.com/harmonyfamilyoffice RHUFI 553 10 20.0

NEBRASKA

UBS PWM jason.dworak@ubs.com

Jason Dworak
Lincoln
(402) 328-2077
ubs.com/team/dworakgroup HU 854 5 15.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

N EVA DA

Danielson Financial Group deborah@danielsonfinancialgroup.com

Deborah Danielson
Las Vegas
(702) 734-7000
danielsonfinancialgroup.com RHU 521 2 5.0

Investment Counsel randy@iccnv.com

Randy Garcia
Las Vegas
(702) 871-8510
iccnv.com HUFEI $945 $7 15.0

NEW HAMPSHIRE

Rise Private Wealth Mgmt robert.a.bonfiglio@ampf.com

Robert Bonfiglio
Bedford
(603) 606-4255
bobbonfiglio.com RH 347 1.5 3.0

Edward Jones marc.chareth@edwardjones.com

Marc D. Chareth
Milford
(603) 673-3957
edwardjones.com RHU 345 0.7 1.0

Morgan Stanley Wealth Mgmt john.f.habig@morganstanley.com

John Habig
Portsmouth
(603) 422-8901
morganstanleyfa.com/habig RHUF $416 $1 2.5

NEW JERSEY

Merrill Lynch Wealth Mgmt bruce_g_barth@ml.com

Bruce Barth
Short Hills
(973) 564-7740
fa.ml.com/barthgroup RHUFEI 1,032 1.5 4.0

Morgan Stanley Wealth Mgmt francis.g.bitterly@morganstanley.com

Francis Bitterly
Red Bank
(732) 224-3754
fa.morganstanley.com/francisbitterly RHU 501 2.5 6.0

Merrill Lynch Wealth Mgmt john_j_burke@ml.com

Jack Burke
Florham Park
(973) 410-2309
fa.ml.com/the_harbor_group RHU 2,696 6.5 18.0

Merrill Lynch Wealth Mgmt c_cook@ml.com

Christopher Cook
Florham Park
(973) 301-7790
fa.ml.com/gcca RHU 1,857 7 15.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S11

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

MACRO Consulting Group info@macroconsultinggroup.com

Mark Cortazzo
Parsippany
(973) 451-9400
macroconsultinggroup.com RHU 716 2 6.5

Morgan Stanley PWM mary.m.deatherage@morganstanleypwm.com

Mary Deatherage
Little Falls
(973) 890-3015
morganstanleyfa.com/thedeatheragegroup HUFE 2,349 10 15.0

UBS Financial Services mark.fendrick@ubs.com

Mark Fendrick
Mt. Laurel
(856) 985-2070
ubs.com/team/fendrickgroup RHU 665 4 6.0

Merrill Lynch Wealth Mgmt john_r_hudspeth@ml.com

John Hudspeth
Mt. Laurel
(800) 521-9399
fa.ml.com/brownehudspeth RHU 767 2 4.0

Merrill Lynch Wealth Mgmt elliott_m_kugel@ml.com

Elliott Kugel
Bridgewater
908-685-3252
fa.ml.com/kugelbriegs RHU 1,262 2.1 3.5

Merrill Lynch Wealth Mgmt joseph_lauricella@ml.com

Joseph Lauricella
Montvale
(800) 694-5340
fa.ml.com/joseph_lauricella HUFE 746 10 30.0

UBS PWM mark.lichtenfeld@ubs.com

Mark Lichtenfeld
Florham Park
(973) 360-4369
ubs.com/team/thesomersethillsgroup HUI 1,450 7 11.0

CFS Investment Adv Svcs greg@cfsias.com

Gregory Makowski
Totowa
(973) 826-8800
cfsias.com RHUI 905 2 5.0

Wells Fargo Advisors neil.mcpeak@wellsfargoadvisors.com

Neil McPeak
Linwood
(609) 926-7808
mcpeakgroup.wfadv.com RHU 824 1.5 5.0

CFS Investment Adv Svcs harris@cfsias.com

Harris Nydick
Totowa
(973) 826-8800
cfsias.com RHUI 905 2 5.0

Merrill Lynch Wealth Mgmt stephen_pollard@ml.com

Stephen Pollard
Princeton
(800) 477-3417
fa.ml.com/pollard_team HU 1,676 5 10.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Merrill Lynch Wealth Mgmt michael_j_pron@ml.com

Michael Pron
Princeton
(609) 243-7940
fa.ml.com/pron/hurst RHU 954 2 5.0

Morgan Stanley Wealth Mgmt michael.j.ricca@morganstanley.com

Michael Ricca
Florham Park
(973) 236-3530
morganstanleyfa.com/ricca_weinerman RHU 3,858 10 15.0

Condor Capital Mgmt info@condorcapital.com

Kenneth Schapiro
Martinsville
(732) 356-7323
condorcapital.com RHUI 889 1.23 3.2
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Morgan Stanley PWM frank.seminara@morganstanleypwm.com

Frank Seminara
Florham Park
(973) 236-3634
morganstanleypwa.com/theseminaragroup HU 1,187 5 20.0

Morgan Stanley Wealth Mgmt mark.s.tobias@ms.com

Mark Tobias
New Brunswick
(732) 435-2225
morganstanleyfa.com/mark_tobias RHU 899 4 10.0

Morgan Stanley Wealth Mgmt anthony.valente@morganstanley.com

Anthony Valente
Shrewsbury
(732) 389-5124
morganstanleyfa.com/svsteam RHU 1,145 0.5 1.5

Morgan Stanley Wealth Mgmt david.s.weinerman@morganstanley.com

David Weinerman
Florham Park
(973) 236-3529
morganstanleyfa.com/ricca_weinerman RHU 3,869 10 15.0

NEW MEXICO

John Moore / Raymond James info@johnmoore.com

John Moore
Albuquerque
(505) 881-5100
johnmoore.com RHU 438 1.5 3.5

Morgan Stanley Wealth Mgmt charles.reardon@morganstanley.com

Charles Reardon
Albuquerque
(505) 889-2862
morganstanleyfa.com/reardonthorntongroup RHU $702 $1 3.0

NEW YORK

Altfest Personal Wealth Mgmt inquiry@altfest.com

Lewis Altfest
New York
(212) 406-0850
altfest.com RHU 1,127 2 4.0

Clarfeld Financial Advisors wealth@clarfeld.com

Robert A. Clarfeld
Tarrytown
(212) 956-9494
clarfeld.com HUF 6,593 20 80.0

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S12 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

United Asset Strategies leed@unitedasset.com

Lee DeLorenzo
Garden City
(516) 222-0021
unitedasset.com RHUI 826 1 3

Morgan Stanley PWM mark.donohue1@morganstanleypwm.com

Mark Donohue
New York
(888) 270-0542
fa.morganstanley.com/donohue RHUFI 2,389 20 40.0

Graystone Consulting marc.r.fischer@msgraystone.com

Marc Fischer
Rochester
(585) 389-2271
morganstanleygc.com/ftc RHUFEI 4,100 50 50.0

Gerstein Fisher info@gersteinfisher.com

Gregg Fisher
New York
(212) 968-0707
gersteinfisher.com RHUFEI 3,303 1.56 3.7

Merrill Lynch Wealth Mgmt jonathan_e_kass@ml.com

Jonathan Kass
New York
(212) 338-6062
fa.ml.com/kf_group HU 5,503 10 25.0

UBS Financial Services jason.m.katz@ubs.com

Jason Katz
New York
(212) 713-9201
ubs.com/team/katz RHUI 1,910 10 25.0

Klingman & Associates, LLC gklingman@klingmanria.com

Gerard Klingman
New York
(212) 867-7647
klingmanria.com HU 1,742 10 15.0

Morgan Stanley Wealth Mgmt bobby.kolev@morganstanley.com

Bobby Kolev
New York
(212) 503-2392
fa.morganstanley.com/thekolevgroup RHUI 4,567 50 100.0

Morgan Stanley Wealth Mgmt robin.krasny@ms.com

Robin Krasny
New York
(888) 243-5316
fa.morganstanleyindividual.com/alterawmgroup HU 1,379 7.5 15

Merrill Lynch Wealth Mgmt rebecca_lerner@ml.com

Rebecca Lerner
New York
(212) 236-5583
fa.ml.com/the_lerner_group RHU 805 3 10

Merrill Lynch PBIG david_magrone@ml.com

David Magrone (212) 418-2831 HUF 1,369 30 50.0
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New York pwa.ml.com/david_magrone

Morgan Stanley PWM joshua.d.malkin@morganstanleypwm.com

Joshua Malkin
New York
(212) 893-6530
morganstanleypwa.com/themalkingroup HUFEI 1,700 10 25.0

RBC Wealth Mgmt ira.mark@rbc.com

Ira Mark
New York
(212) 703-6033
rbcwmfa.com/themarkbergergroup RHU 3,300 10 25.0

Morgan Stanley PWM deborah.d.montaperto@morganstanleypwm.com

Deborah Montaperto (212) 761-8934 HUFE 11,878 25 50
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

New York morganstanleypwa.com/polkwealthmanagementgroup

Merrill Lynch Wealth Mgmt daniel_oconnell@ml.com

Daniel OConnell
Garden City
(516) 877-8316
fa.ml.com/daniel_o_connell HU 2,249 15 27.0

Morgan Stanley PWM lyon.polk@morganstanleypwm.com

Lyon Polk
New York
(212) 761-9029
morganstanleypwa.com/polkwealthmanagementgroup HUFE $11,114 $25 50.0

UBS Financial Services michael.poppo@ubs.com

Michael Poppo
New York
(212) 626-8721
ubs.com/team/thepoppogroup HUFE 1,185 8 12.0

Morgan Stanley PWM shawn.rubin@morganstanleypwm.com

Shawn Rubin
New York
(212) 893-6322
morganstanleyfa.com/theabacusgroup HU 2,000 10 40.0

UBS Financial Services frank.sabia@ubs.com

Frank J. Sabia
White Plains
(914) 287-6010
ubs.com/fa/franksabia RHUI 3,074 5 15.0

HighTowers Treasury Partners rsaperstein@treasurypartners.com

Richard Saperstein
New York
(917) 286-2777
treasurypartners.com HUF 11,467 15 40.0

FCE Group dhs@fcequities.com

David Schwartz
Lake Success
(516) 487-8220
fcequities.com HU 1,206 3 5.0

J.P. Morgan Securities

Theodore Serure
New York
(212) 272-6448 ted.serure@jpmorgan.com RHUI 1,500 10 50.0

Morgan Stanley Wealth Mgmt michael.siden@morganstanley.com

Michael Siden
New York
(212) 296-1044
morganstanleyfa.com/sidenfinkgroup RHUFI 788 17 45.0

Morgan Stanley PWM evan.steinberg@morganstanleypwm.com

Evan Steinberg
New York
(212) 893-7501
morganstanleypwa.com/sfgroup HUFI 2,093 12 20.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S13

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

LVW Advisors lvandusen@lvwadvisors.com

Lori Van Dusen
Pittsford
(585) 267-4900
lvwadvisors.com RHUFEI 4,521 50 75.0

HSW Advisors at HighTower jwaxman@hightoweradvisors.com

Jordan Waxman
New York
(212) 286-1170
hswadvisors.com HU 2,000 25 50.0

Morgan Stanley Wealth Mgmt todd.yannuzzi@morganstanley.com

Todd Yannuzzi
New York
(212) 296-1051
fa.morganstanley.com/fifthavenuegrou RHUFE 2,319 10 20.0

NORTH CAROLINA

Edward Jones mike.bell@edwardjones.com

Mike Bell
Hickory
(828) 328-8111
edwardjones.com RHU 316 0.64 1.3

Ameriprise Financial gary.l.gaulden@ampf.com

Gary Gaulden
Durham
(919) 361-9898
gauldenandassociates.com RHU 417 1.5 3.0

Linden Thomas / Wells FiNet info@lindenthomas.com

Stephen Thomas
Charlotte
(877) 554-8150
lindenthomas.com RHUFEI 1,278 3 7.0

OHIO

MAI Capital Management rbuoncore@mai.capital

Rick Buoncore
Cleveland
(216) 920-4900
mai.capital RHU 3,865 10 25.0

Raymond James carverfinancialservices@raymondjames.com

Randy Carver
Mentor
(440) 974-0808
carverfinancialservices.com RHI 1,087 1 1.6

UBS Financial Services charles.dankworth@ubs.com

Charles Dankworth
New Albany
(614) 939-2202
ubs.com/team/theonecolumbusgroup HUF 965 6 25.0

Morgan Stanley Wealth Mgmt brian.j.edwards@ms.com

Brian Edwards
Columbus
(614) 473-2401
morganstanleyfa.com/theedwardsgroupsb RH 862 3.5 10.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

UBS Financial Services craig.findley@ubs.com

Craig Findley
Sylvania
(419) 318-5510
ubs.com/findleywisewealthmanagement RHUI 2,038 5 10.0

Sequoia Financial Advisors thaught@sequoia-financial.com

Thomas Haught
Akron
(216) 774-1246
sequoia-financial.com RHU 2,838 3 6.0

RiverPoint Capital Management newell@riverpointcm.com

Valerie Newell
Cincinnati
(513) 421-3100
riverpointcm.com RHU 2,218 4 8.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Merrill Lynch PBIG david_singer@ml.com

David Singer
Cincinnati
(513) 579-3889
pwa.ml.com/evelosingersullivan HU 2,510 10 20.0

Merrill Lynch Wealth Mgmt linnell_sullivan@ml.com

Linnell Sullivan
Cincinnati
(513) 579-3890
pwa.ml.com/evelosingersullivan HU 1,324 6 10.0

UBS Financial Services kenneth.wise@ubs.com

Kenneth Wise
Sylvania
(419) 318-5515
ubs.com/findleywisewealthmanagement RHUI 2,038 5 10.0

OREGON

Raymond James info@mcgeewm.com

Judith McGee
Portland
(503) 597-2222
mcgeewm.com RHI $461 $1.50 3.0

P E N N SY LVA N I A

RBC Wealth Mgmt robert.boland@rbc.com

Robert Boland
Philadelphia
(215) 557-1702
bolandinvestmentgroup.com RHUI 993 5 20.0

Key Financial pbrennan@keyfinancialinc.com

Patricia C. Brennan
West Chester
(610) 429-9050
keyfinancialinc.com RH 694 1.8 3.0

Merrill Lynch Wealth Mgmt william_brownjr@ml.com

William Brown
Sewickley
(412) 749-7912
fa.ml.com/thebrownhurrayplantzgroup RHU 1,027 4 10.0

Mill Creek Capital Advisors jgross@millcreekcap.com

Joshua Gross
Conshohocken
(610) 941-7714
millcreekcap.com HUFEI 4,969 14 25.0

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
 S14 BARRONS SPECIAL ADVERTISING SECTION July 17, 2017

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

Wells Fargo Advisors jack.hafner@wfadvisors.com

Jack Hafner
Radnor
(610) 293-7323
wellsfargoadvisors.com HU 1,200 35 60.0

Hudock Capital Group bhudock@hudockcapital.com

Barbara Hudock
Williamsport
(570) 326-9500
hudockcapital.com RHU 476 1 3.0

Wells Fargo Advisors john.j.parker@wfadvisors.com

John J. Parker Sr.
Philadelphia
(215) 564-8487
home.wellsfargoadvisors.com/john.j.parker RHU 1,700 3 6.0

Morgan Stanley Wealth Mgmt eric.salmansohn@morganstanley.com

Eric Salmansohn
Philadelphia
(215) 854-6272
morganstanleyfa.com/libertywealthmanagementgroup HUF 1,293 3 10.0

Janney Montgomery Scott psargent@janney.com

Peter Sargent
Yardley
(267) 685-4205
sargentwealthmanagement.com RHUE 635 1 4.0

Wells Fargo Advisors

John Solis-Cohen
Jenkintown
(215) 572-4276 john.solis-cohen@wellsfargoadvisors.com RHU 968 3 5.0

Merrill Lynch Wealth Mgmt scott_wisman@ml.com

D. Scott Wisman
Exton
(610) 594-1186
fa.ml.com/wisman_willisgroup RHU 892 2.5 4.0

RHODE ISLAND

Merrill Lynch Wealth Mgmt edythe_demarco@ml.com

Edythe De Marco
Providence
(401) 863-8619
fa.ml.com/demarco_group RHUI 947 3.2 4.0

Raymond James mmakin@ppgadvisors.com

Malcolm Makin
Westerly
(401) 596-2800
ppgadvisors.com RHUE $1,090 $1.50 3.0

Richard C. Young & Co. info@younginvestments.com

Matthew Young
Newport
(888) 456-5444
younginvestments.com RHU 969 1.83 5.0

S O U T H DA KO TA
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Raymond James info@cornerstonefinancialsolutions.com

Gordon Wollman
Sioux Falls
(605) 352-9490
cornerstonefinancialsolutions.com RHU 311 0.8 1.7

TENNESSEE

Morgan Stanley Wealth Mgmt christi.edwards@morganstanley.com

Christi Edwards
Nashville
(615) 298-6554
fa.morganstanleyindividual.com/christi.edwards RHU 724 5 12.0

Merrill Lynch PBIG eklindt@ml.com

Eric Klindt (615) 747-5625 HUFE 971 15 30.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Nashville pwa.ml.com/klindtcole
TEXAS

Merrill Lynch Wealth Mgmt jmichael_fox@ml.com

J. Michael Fox
Houston
(713) 658-1275
fa.ml.com/fox_group RHU 629 2 4.0

Merrill Lynch Wealth Mgmt carl_fuhrmanniii@ml.com

Carl Triple Fuhrmann III
San Antonio
(210) 805-2981
fa.ml.com/fuhrmann_hayne RHUI 789 1 5.0

UBS Financial Services ira.kravitz@ubs.com

Ira Kravitz
Plano
(469) 440-0547
financialservicesinc.ubs.com/team/kravitzgroup HU 616 4.5 6.0

Tanglewood Total Wealth Mgmt jmerrill@tanglewoodwealth.com

John Merrill
Houston
(713) 840-8880
tanglewoodwealth.com RHU 856 2.5 5.0

Morgan Stanley Wealth Mgmt marie.a.moore@morganstanley.com

Marie Moore
Dallas
(214) 696-7175
fa.morganstanley.com/themooregroup RHU 383 5 15.0

Ameriprise Financial darrell.r.pennington@ampf.com

Darrell Pennington
Houston
(713) 332-4422
penningtonwealth.com RH 861 1.5 2.5

Morgan Stanley Wealth Mgmt scot.smith@morganstanley.com

R. Scot Smith
Dallas
(214) 696-7064
morganstanley.com/fa/scotsmith RHUF 488 3 5.0

Ameriprise Financial scott.b.tiras@ampf.com

Scott Tiras
Houston
(713) 332-4400
tiraswealth.com RHU 2,316 2 3.5

VERMONT

Morgan Stanley Wealth Mgmt timothy.stotz@morganstanley.com

Tim Stotz
Colchester
(802) 863-7709
morganstanleyfa.com/thestotzgroup RHUFEI 701 2.5 4.0
 July 17, 2017 BARRONS SPECIAL ADVERTISING SECTION S15

Total Team Typical Acct. Typical Net

Name Location/Firm Phone Email/Web Specialities Assets ($ mil) Size ($ mil) Worth ($ mil)

VIRGINIA

Wells Fargo Advisors gary.alcaraz@wfadvisors.com

Garret Alcaraz
Virginia Beach
(757) 431-6375
alcarazfisherjustiswmg.wfadv.com RHUFEI 1,460 1.5 3.5

SBSB jim.bruyette@sbsbllc.com
Jim Bruyette
McLean
(703)734-9321
sbsbllc.com HUFI 3,080 5 10.0

Wells Fargo Advisors tristan.caudron@wfadvisors.com

Tristan Caudron
Alexandria
(703) 739-4548
caudronmegaryblackburnwmg.com RHUFEI 1,658 1.6 3.3

JoycePayne Partners mjoyce@joycepaynepartners.com

Michael Joyce
Richmond
(804) 358-2702
joycepaynepartners.com RHU 630 2.5 3.0

Ameriprise Financial soo.m.kim@ampf.com

Soo Kim
Vienna
(703) 226-2300
ameripriseadvisors.com/soo.m.kim RH 1,170 1 2.0

Wells Fargo Advisors jeff.leclair@wellsfargo.com

Jeff LeClair
McLean
(703) 760-5717
leclairlemlihapproach.com HUFEI 1,416 6 20.0

Wells Fargo Advisors joe.montgomery@wellsfargoadvisors.com

Joseph W. Montgomery
Williamsburg
(757) 220-1782
osg.wfadv.com HUFEI 14,754 7 15.0

Baird gssmith@rwbaird.com
Gregory Smith
Reston
(571) 203-1600
thewiseinvestorgroup.com RHU 2,022 1 3.0

Wells Fargo Advisors ryan.sprowls@wellsfargoadvisors.com

Ryan Sprowls
Alexandria
(703) 739-1439
sdkwealth.com RHUFEI 1,030 2 4.0

SBSB greg.sullivan@sbsbllc.com
Greg Sullivan
McLean
(703) 734-9322
sbsbllc.com HUFI 3,080 5 10.0

WASHINGTON
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United Capital Seattle shari.burns@unitedcp.com

Shari Burns
Seattle
(206) 583-8300
unitedcp.com/wa1 HUF 1,538 5.89 8.0

J.P. Morgan Securities

Michael Hershey
Bellevue
(425) 462-6810 michael.hershey@jpmorgan.com RHU 675 10 25.0

Pacific Portfolio Consulting information@pacific-portfolio.com

Lawrence Hood
Seattle
(206) 623-6641
pacific-portfolio.com RHUI 3,061 11.55 17.5
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Morgan Stanley Wealth Mgmt paul.w.jackson@morganstanley.com

Paul Jackson
Bellevue
(425) 453-5746
morganstanleyfa.com/paul_jackson RHU 510 6 10.0

Ameriprise Financial randall.s.linde@ampf.com

Randall Linde
Renton
(800) 563-1636
agpwealthadvisors.com RHU 1,757 0.75 1.5

UBS Financial Services m.matthews@ubs.com

Michael Matthews
Bellevue
(425) 451-2350
ubs.com/team/thematthewsgroup RHU 784 5 8.0

Freestone Capital Mgmt erik@freestonecapital.com

Erik Morgan
Seattle
(206) 707-7310
freestonecapital.com RHU $3,593 $3.76 9.4

Ameriprise Financial erin.j.scannell@ampf.com

Erin Scannell
Mercer Island
(425) 709-2345
heritage-wealth.com RHU 1,800 1.5 2.0

WEST VIRGINIA

RBC Wealth Mgmt david.j.miller1969@gmail.com

David Miller
Huntington
(304) 697-2119
themillerinvestmentgroup.com RHUFI $1,290 $0.34 0.8

WISCONSIN

UBS Financial Services andrew.burish@ubs.com

Andrew Burish
Madison
(608) 831-4282
ubs.com/team/burishgroup RHU $3,910 $2 3.0

Annex Wealth Mgmt dspano@annexwealth.com

David Spano
Elm Grove
(262) 786-6363
annexwealth.com RH 1,188 0.53 1.3

Specialties: R Retail (<$1mil) H High Net Worth ($1-10mil) U Ultra-High Net Worth (>$10mil) F Foundations E Endowments I Institutional
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
S16

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