Arlington Capital Management, Inc. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XSD	SPDR SERIES TRUST	289,286	$22,712	12.3%	$78.51	—	S&P SEMICNDCTR	78464A862
KSA	ISHARES TR	549,427	$18,296	9.9%	$33.30	—	MSCI SAUDI ARBIA	46434V423
SKYY	FIRST TR EXCHANGE TRADED FD	301,979	$17,397	9.4%	$57.61	—	CLOUD COMPUTING	33734X192
XAR	SPDR SERIES TRUST	187,898	$17,249	9.3%	$91.80	—	AEROSPACE DEF	78464A631
EWH	ISHARES INC	656,234	$17,200	9.3%	$26.21	—	MSCI HONG KG ETF	464286871
IDGT	ISHARES TR	299,053	$16,888	9.1%	$56.47	—	NA TEC MULTM ETF	464287531
—	VANECK VECTORS ETF TR	509,278	$16,829	9.1%	$33.04	—	EGYPT INDX ETF	92189F775
PHO	INVESCO EXCHANGE TRADED FD T	471,232	$16,012	8.6%	$33.98	—	WATER RES ETF	46137V142
PALL	ABERDEEN STD PALLADIUM ETF T	105,885	$13,822	7.5%	$130.54	—	PHYSCL PALLADM	003262102
TAN	INVESCO EXCHNG TRADED FD TR	394,065	$9,127	4.9%	$23.16	—	SOLAR ETF	46138G706
—	TORTOISE MIDSTRM ENERGY FD I	125,737	$1,763	1.0%	$14.02	—	COM	89148B101
ARCC	ARES CAP CORP	99,427	$1,704	0.9%	$8.36	+3.8%	COM	04010L103
MORT	VANECK VECTORS ETF TR	62,758	$1,479	0.8%	$21.31	—	MTG REIT INCOME	92189F452
—	BLACKROCK ENH CAP & INC FD I	76,466	$1,206	0.7%	$17.00	—	COM	09256A109
—	COHEN & STEERS QUALITY RLTY	93,095	$1,192	0.6%	$12.25	—	COM	19247L106
BJAN	INNOVATOR ETFS TR	39,695	$1,103	0.6%	$27.79	—	S&P 500 BUFFER	45782C409
—	FIRST TR MLP & ENERGY INCOME	88,555	$1,018	0.5%	$11.50	—	COM	33739B104
BOCT	INNOVATOR ETFS TR	40,400	$976	0.5%	$22.07	—	S&P 500 BUFETF	45782C771
—	WESTERN ASSET EMRG MKT DEBT	54,828	$748	0.4%	$12.30	—	COM	95766A101
—	WELLS FARGO INCOME OPPORTUNI	75,083	$592	0.3%	$7.88	—	WF INC OPPTY FD	94987B105
—	EATON VANCE SR FLTNG RTE TR	45,047	$587	0.3%	$13.03	—	COM	27828Q105
—	BLACKROCK CORPOR HI YLD FD I	51,002	$523	0.3%	$10.25	—	COM	09255P107
—	EATON VANCE FLTING RATE INC	39,364	$519	0.3%	$13.18	—	COM	278279104
—	FST TR NEW OPPORT MLP & ENE	54,389	$504	0.3%	$9.27	—	COM	33739M100
—	CALAMOS DYNAMIC CONV & INCOM	23,748	$483	0.3%	$20.34	—	COM	12811V105
—	NEUBERGER BERMAN RE ES SEC F	81,112	$403	0.2%	$4.24	—	COM	64190A103
—	BLACKSTONE GSO FLTING RTE FU	24,034	$395	0.2%	$16.44	—	COM	09256U105
XJPIX	NUVEEN PFD & INCOME TERM FD	16,570	$372	0.2%	$22.45	—	COM	67075A106
—	TEMPLETON EMERG MKTS INCOME	33,269	$341	0.2%	$9.61	—	COM	880192109
—	FLAHERTY&CRMN PFD SEC INCOM	16,693	$316	0.2%	$18.93	—	COM	338478100
—	MORGAN STANLEY EM MKTS DM DE	42,748	$283	0.2%	$6.36	—	COM	617477104
—	FIRST TR ENERGY INCOME & GRW	12,985	$282	0.2%	$21.72	—	COM	33738G104
—	NEUBERGER BERMAN MLP INCOME	35,031	$279	0.2%	$7.96	—	COM	64129H104
—	FIRST TR SR FLOATING RATE 20	31,257	$273	0.1%	$8.73	—	COM SHS	33740K101
—	NUVEEN FLTNG RTE INCM OPP FD	28,491	$273	0.1%	$9.58	—	COM SHS	6706EN100
XEFLX	EATON VANCE FLTNG RATE 2022	29,560	$270	0.1%	$9.13	—	COM	27831H100
—	CREDIT SUISSE HIGH YLD BND F	98,951	$245	0.1%	$2.48	—	SH BEN INT	22544F103
—	ALLIANZGI DIVERS INC & CNV F	10,740	$243	0.1%	$22.63	—	COM	01883J108
XHIEX	MILLER HOWARD HIGH INC EQTY	21,315	$242	0.1%	$11.35	—	COM SHS BEN IN	600379101
—	NUVEEN MTG OPPORTUNITY TERM	9,675	$225	0.1%	$23.26	—	COM	670735109
—	EATON VANCE HIGH INCOME 2021	19,967	$194	0.1%	$9.72	—	COM SH BEN INT	27829W101
—	NUVEEN CR OPPORTUNITIES 2022	17,701	$171	0.1%	$9.66	—	COM	67075U102
—	BLACKROCK 2022 GBL INCM OPP	17,676	$160	0.1%	$9.05	—	COM	09258P104
—	DIREXION SHS ETF TR	13,000	$128	0.1%	$9.85	—	DAILY JR BULL 3X	25460E851
—	NUVEEN REAL ESTATE INCOME FD	11,105	$115	0.1%	$8.49	—	COM	67071B108
—	NUVEEN EMERGING MKTS DEBT 20	11,415	$99	0.1%	$8.67	—	COM	67077P101