Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EFG	iShares MSCI EAFE Growth ETF	156,687	$12.12M	7.9%	$77.38	$77.38	—	COM	464288885
IEUR	iShares Core MSCI Europe ETF	201,775	$10.02M	6.6%	$49.67	$49.67	—	COM	46434V738
IEUS	iShares MSCI Europe Small-Cap ETF	176,489	$9.919M	6.5%	$56.20	$56.20	—	COM	464288497
FEZ	SPDR EURO STOXX 50 ETF	208,051	$8.58M	5.6%	$41.24	$36.34	—	COM	78463X202
EWU	iShares MSCI United Kingdom ETF	237,023	$8.259M	5.4%	$34.84	$33.87	—	COM	46435G334
DEM	WisdomTree Emerging Markets High Dividend Fund	182,777	$7.857M	5.1%	$42.99	$42.99	—	COM	97717W315
—	WisdomTree Japan Hedged Financials Fund	315,486	$7.637M	5.0%	$24.21	$24.37	—	COM	97717W463
SCJ	iShares MSCI Japan Small-Cap ETF	99,371	$7.369M	4.8%	$74.16	$74.16	—	COM	464286582
EWC	iShares MSCI Canada ETF	239,597	$6.932M	4.5%	$28.93	$28.08	—	COM	464286509
EUFN	iShares MSCI Europe Financials ETF	270,338	$6.345M	4.2%	$23.47	$23.47	—	COM	464289180
—	PowerShares International BuyBack Achievers Portfolio	176,408	$6.115M	4.0%	$34.66	$33.69	—	COM	73937B621
EWY	iShares MSCI South Korea Capped ETF	82,963	$5.728M	3.7%	$69.04	$69.95	—	COM	464286772
MCHI	iShares MSCI China ETF	75,272	$4.746M	3.1%	$63.05	$57.34	—	COM	46429B671
EWJ	iShares MSCI Japan ETF	84,359	$4.696M	3.1%	$55.67	$51.89	—	COM	46434G822
—	iShares Currency Hedged MSCI Germany ETF	100,868	$2.871M	1.9%	$28.46	$24.79	—	COM	46434V704
EWZS	iShares MSCI Brazil Small-Cap ETF	149,067	$2.521M	1.7%	$16.91	$15.51	—	COM	464289131
SMIN	iShares MSCI India Small Cap ETF	53,642	$2.45M	1.6%	$45.67	$45.67	—	COM	46429B614
—	PowerShares S&P SmallCap Information Technology Portfolio	28,593	$2.259M	1.5%	$79.01	$66.44	—	COM	73937B860
ENZL	iShares MSCI New Zealand Capped ETF	44,422	$2.09M	1.4%	$47.05	$47.05	—	COM	464289123
—	Guggenheim China Technology ETF	35,337	$2.018M	1.3%	$57.11	$45.95	—	COM	18383Q135
EZA	iShares MSCI South Africa ETF	32,017	$1.879M	1.2%	$58.69	$58.69	—	COM	464286780
KRE	SPDR S&P Regional Banking ETF	31,660	$1.796M	1.2%	$56.73	$38.27	—	COM	78464A698
EWT	iShares MSCI Taiwan Capped ETF	47,888	$1.726M	1.1%	$36.04	$43.73	—	COM	46434G772
—	PowerShares Russell Top 200 Pure Growth Portfolio	39,090	$1.665M	1.1%	$42.59	$42.59	—	COM	739371102
VGT	Vanguard Information Technology ETF	10,828	$1.645M	1.1%	$151.92	$151.92	—	COM	92204A702
IHI	iShares U.S. Medical Devices ETF	9,612	$1.605M	1.1%	$166.98	$142.94	—	COM	464288810
—	iShares MSCI Russia Capped ETF	47,779	$1.604M	1.0%	$33.57	$37.11	—	COM	46434G798
—	PowerShares S&P SmallCap Consumer Discretionary Portfolio	26,320	$1.483M	1.0%	$56.34	$48.45	—	COM	73937B506
—	Dassault Aviation SA	893	$1.441M	0.9%	$1613.66	$26.73	—	COM	F24539102
—	Airbus SE	14,787	$1.403M	0.9%	$94.88	$44.62	—	COM	N0280E105
—	Leonardo SpA	74,164	$1.386M	0.9%	$18.69	$18.69	—	COM	T63512106
—	PowerShares S&P SmallCap Health Care Portfolio	14,516	$1.347M	0.9%	$92.79	$67.02	—	COM	73937B886
—	Global X MSCI Pakistan ETF	88,402	$1.28M	0.8%	$14.48	$16.97	—	COM	37950E689
THLEF	Thales SA	11,141	$1.258M	0.8%	$112.92	$104.06	+6.6%	COM	F9156M108
BAESF	BAE Systems plc	135,814	$1.15M	0.8%	$8.47 *	$5.94	0.0%	COM	G06940103
VDC	Vanguard Consumer Staples ETF	7,483	$1.036M	0.7%	$138.45	$73.33	—	COM	92204A207
—	Global X MSCI Nigeria ETF	40,550	$855K	0.6%	$21.09	$19.26	—	COM	37954Y665
—	PowerShares S&P SmallCap Industrials Portfolio	13,571	$826K	0.5%	$60.87	$55.78	—	COM	73937B878
—	PowerShares S&P SmallCap Materials Portfolio	14,655	$728K	0.5%	$49.68	$46.94	—	COM	73937B852
VIS	Vanguard Industrials ETF	4,498	$603K	0.4%	$134.06	$134.06	—	COM	92204A603
KWEB	KraneShares CSI China Internet ETF	8,294	$472K	0.3%	$56.91	$56.91	—	COM	500767306
—	IQ US Real Estate Small Cap ETF	17,129	$463K	0.3%	$27.03	$27.03	—	COM	45409B628
XLB	Materials Select Sector SPDR Fund	7,880	$447K	0.3%	$56.73	$21.49	—	COM	81369Y100
XLE	Energy Select Sector SPDR Fund	6,254	$428K	0.3%	$68.44	$68.23	—	COM	81369Y506
IHF	iShares U.S. Healthcare Providers ETF	2,867	$423K	0.3%	$147.54	$91.35	—	COM	464288828
—	iShares Europe Developed Real Estate ETF	9,055	$350K	0.2%	$38.65	$37.14	—	COM	464288471
EWA	iShares MSCI Australia ETF	15,591	$349K	0.2%	$22.38	$22.89	—	COM	464286103
IXC	iShares Global Energy ETF	9,591	$325K	0.2%	$33.89	$31.09	—	COM	464287341
XHB	SPDR S&P Homebuilders ETF	7,579	$301K	0.2%	$39.72	$39.72	—	COM	78464A888
XLU	Utilities Select Sector SPDR Fund	5,282	$280K	0.2%	$53.01	$51.42	—	COM	81369Y886
—	PowerShares S&P SmallCap Consumer Staples Portfolio	3,765	$271K	0.2%	$71.98	$68.38	—	COM	73937B605
EWP	iShares MSCI Spain Capped ETF	7,990	$269K	0.2%	$33.67	$26.40	—	COM	464286764
VOX	Vanguard Telecommunication Services ETF	2,567	$236K	0.2%	$91.94	$112.64	—	COM	92204A884
EPI	WisdomTree India Earnings Fund	8,670	$218K	0.1%	$25.14	$34.66	—	COM	97717W422
EOG	EOG Resources, Inc.	1,347	$130K	0.1%	$96.51 *	$67.46	0.0%	COM	26875P101
OXY	Occidental Petroleum Corporation	1,965	$126K	0.1%	$64.12 *	$48.86	0.0%	COM	674599105
—	Anadarko Petroleum Corporation	2,213	$107K	0.1%	$48.35	$48.35	—	COM	032511107
DVN	Devon Energy Corporation	2,504	$91,000	0.1%	$36.34 *	$22.96	0.0%	COM	25179M103
—	Pioneer Natural Resources Company	603	$88,000	0.1%	$145.94	$145.94	—	COM	723787107
—	Concho Resources Inc.	522	$68,000	0.0%	$130.27	$130.27	—	COM	20605P101
—	Apache Corporation	1,492	$68,000	0.0%	$45.58	$45.58	—	COM	037411105
KIE	SPDR S&P Insurance ETF	88	$7,000	0.0%	$79.55	$60.51	—	COM	78464A789