Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HYG	ISHARES TR	467,731	$40.48M	10.6%	$86.55	$80.48	+7.5%	IBOXX HI YD ETF	464288513
VBR	VANGUARD INDEX FDS	304,866	$36.89M	9.7%	$121.00	$106.92	+13.2%	SM CP VAL ETF	922908611
—	POWERSHARES ETF TRUST	1,467,957	$24.85M	6.5%	$16.93	$13.40	—	HI YLD EQ DVDN	73935X302
VOE	VANGUARD INDEX FDS	225,378	$21.9M	5.8%	$97.19	$94.84	+2.5%	MCAP VL IDXVIP	922908512
VBK	VANGUARD INDEX FDS	161,038	$21.44M	5.6%	$133.14	$130.40	+2.1%	SML CP GRW ETF	922908595
XLK	SELECT SECTOR SPDR TR	435,062	$21.04M	5.5%	$48.36 *	$23.23	+4.1%	TECHNOLOGY	81369Y803
XLF	SELECT SECTOR SPDR TR	888,205	$20.65M	5.4%	$23.25	$21.45	+8.4%	SBI INT-FINL	81369Y605
BSV	VANGUARD BD INDEX FD INC	257,296	$20.44M	5.4%	$79.45	$80.63	-1.5%	SHORT TRM BOND	921937827
ILF	ISHARES TR	706,359	$19.48M	5.1%	$27.58	$27.95	-1.3%	LATN AMER 40 ETF	464287390
XLI	SELECT SECTOR SPDR TR	310,247	$19.3M	5.1%	$62.22	$60.24	+3.3%	SBI INT-INDS	81369Y704
IEF	ISHARES TR	180,899	$18.96M	5.0%	$104.82	$106.56	-1.6%	7-10 Y TR BD ETF	464287440
EEM	ISHARES TR	528,263	$18.49M	4.9%	$35.01	$36.07	-2.9%	MSCI EMG MKT ETF	464287234
EWJ	ISHARES INC	362,021	$17.69M	4.7%	$48.86	$49.93	-2.1%	MSCI JPN ETF NEW	46434G822
—	RYDEX ETF TRUST	217,808	$13.44M	3.5%	$61.72	$61.72	—	GUG S&P MC400 PV	78355W502
EWZ	ISHARES	137,198	$4.574M	1.2%	$33.34	$27.60	+20.8%	MSCI BRZ CAP ETF	464286400
—	VANECK VECTORS ETF TR	213,341	$4.527M	1.2%	$21.22	$21.22	—	RUSSIA ETF	92189F403
EWY	ISHARES	80,229	$4.27M	1.1%	$53.22	$51.61	+3.1%	MSCI STH KOR ETF	464286772
EWH	ISHARES	211,809	$4.126M	1.1%	$19.48	$20.99	-7.2%	MSCI HONG KG ETF	464286871
EWT	ISHARES INC	140,140	$4.116M	1.1%	$29.37	$30.76	-4.5%	MSCI TAIWAN ETF	46434G772
ANGL	VANECK VECTORS ETF TR	93,364	$2.687M	0.7%	$28.78	$28.79	-0.0%	FALLEN ANGEL HG	92189F437
SYY	SYSCO CORP	29,061	$1.609M	0.4%	$55.37 *	$40.96	+6.6%	COM	871829107
CTAS	CINTAS CORP	12,363	$1.429M	0.4%	$115.59 *	$20.49	+29.1%	COM	172908105
TAP	MOLSON COORS BREWING CO	14,517	$1.413M	0.4%	$97.33 *	$70.26	+10.1%	CL B	60871R209
HOG	HARLEY DAVIDSON INC	24,123	$1.407M	0.4%	$58.33	$57.04	+2.3%	COM	412822108
NWL	NEWELL BRANDS INC	31,273	$1.396M	0.4%	$44.64 *	$27.03	+11.9%	COM	651229106
NUE	NUCOR CORP	22,702	$1.351M	0.4%	$59.51 *	$45.63	+7.1%	COM	670346105
—	FORESIGHT ENERGY LP	208,096	$1.346M	0.4%	$6.47	$1.41	—	COM UNT RP INT	34552U104
BBY	BEST BUY INC	30,652	$1.308M	0.3%	$42.67 *	$30.77	+0.8%	COM	086516101
—	SUNCOKE ENERGY PARTNERS L P	58,852	$1.133M	0.3%	$19.25	$7.72	—	COMUNIT REP LT	86722Y101
SDLPEUR	SEADRILL PARTNERS LLC	267,906	$1.125M	0.3%	$4.20	$6.11	—	COMUNIT REP LB	Y7545W109
—	AMERICAN MIDSTREAM PARTNERS	60,258	$1.097M	0.3%	$18.21	$7.86	—	COM UNITS	02752P100
—	CRESTWOOD EQUITY PARTNERS LP	42,336	$1.082M	0.3%	$25.56	$18.25	—	UNIT LTD PARTNER	226344208
—	GOLAR LNG PARTNERS LP	44,288	$1.065M	0.3%	$24.05	$15.33	—	COM UNIT LPI	Y2745C102
GLP	GLOBAL PARTNERS LP	53,838	$1.047M	0.3%	$19.45	$25.99	—	COM UNITS	37946R109
NRP	NATURAL RESOURCE PARTNERS L	31,637	$1.022M	0.3%	$32.30	$9.60	—	COM UNIT LTD PAR	63900P608
—	CVR PARTNERS LP	168,164	$1.011M	0.3%	$6.01	$10.35	—	COM	126633106
—	ALON USA PARTNERS LP	102,694	$986K	0.3%	$9.60	$11.68	—	UT LTDPART INT	02052T109
—	SANDRIDGE PERMIAN TR	332,546	$981K	0.3%	$2.95	$6.55	—	COM UNIT BEN INT	80007A102
—	ALLIANCE HOLDINGS GP LP	34,138	$959K	0.3%	$28.09	$17.25	—	COM UNITS LP	01861G100
—	ARCHROCK PARTNERS L P	59,652	$957K	0.3%	$16.04	$12.94	—	COM UNITS REPSTG	03957U100
—	NUSTAR ENERGY LP	18,898	$941K	0.2%	$49.79	$53.87	—	UNIT COM	67058H102
—	CAPITAL PRODUCT PARTNERS L P	266,192	$846K	0.2%	$3.18	$5.81	—	COM UNIT LP	Y11082107
—	ASHFORD HOSPITALITY TR INC	108,988	$846K	0.2%	$7.76	$6.24	—	COM SHS	044103109
—	MOBILE TELESYSTEMS PJSC	92,194	$840K	0.2%	$9.11	$9.55	—	SPONSORED ADR	607409109
LOW	LOWES COS INC	11,278	$802K	0.2%	$71.11 *	$65.02	-7.5%	COM	548661107
—	EV ENERGY PARTNERS LP	382,354	$799K	0.2%	$2.09	$5.65	—	COM UNITS	26926V107
SPH	SUBURBAN PROPANE PARTNERS L	26,111	$785K	0.2%	$30.06	$42.26	—	UNIT LTD PARTN	864482104
MMLP	MARTIN MIDSTREAM PRTNRS L P	41,313	$758K	0.2%	$18.35	$32.45	—	UNIT L P INT	573331105
LEG	LEGGETT & PLATT INC	15,037	$735K	0.2%	$48.88	$51.23	-4.6%	COM	524660107
CMCSA	COMCAST CORP NEW	10,595	$732K	0.2%	$69.09 *	$25.65	+8.5%	CL A	20030N101
—	HOSPITALITY PPTYS TR	22,609	$718K	0.2%	$31.76	$28.13	—	COM SH BEN INT	44106M102
—	ACTIVISION BLIZZARD INC	19,663	$710K	0.2%	$36.11	$31.50	—	COM	00507V109
BF/B	BROWN FORMAN CORP	15,370	$690K	0.2%	$44.89 *	$32.75	-6.8%	CL B	115637209
—	TEEKAY OFFSHORE PARTNERS L P	134,665	$681K	0.2%	$5.06	$5.06	—	PARTNERSHIP UN	Y8565J101
FSP	FRANKLIN STREET PPTYS CORP	51,937	$673K	0.2%	$12.96	$12.28	—	COM	35471R106
—	CENTURYLINK INC	27,136	$645K	0.2%	$23.77	$32.26	—	COM	156700106
—	CBL & ASSOC PPTYS INC	53,404	$614K	0.2%	$11.50	$11.78	—	COM	124830100
—	CARE CAP PPTYS INC	23,268	$582K	0.2%	$25.01	$26.95	—	COM	141624106
—	WASHINGTON PRIME GROUP NEW	54,473	$567K	0.1%	$10.41	$12.39	—	COM	93964W108
—	SENIOR HSG PPTYS TR	28,874	$547K	0.1%	$18.94	$22.81	—	SH BEN INT	81721M109
AMAT	APPLIED MATLS INC	14,982	$483K	0.1%	$32.24 *	$25.12	+16.2%	COM	038222105
—	DONNELLEY R R & SONS CO	26,963	$440K	0.1%	$16.32	$16.32	—	COM	257867200
—	CA INC	11,252	$357K	0.1%	$31.73	$32.99	—	COM	12673P105
MAS	MASCO CORP	11,219	$355K	0.1%	$31.64 *	$20.22	+36.3%	COM	574599106
—	FERRELLGAS PARTNERS L.P.	50,863	$344K	0.1%	$6.76	$19.65	—	UNIT LTD PART	315293100
—	STONEMOR PARTNERS L P	34,358	$306K	0.1%	$8.91	$23.67	—	COM UNITS	86183Q100
—	SYMANTEC CORP	11,887	$284K	0.1%	$23.89	$20.56	—	COM	871503108