Crabel Capital Management, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WTPI	WisdomTree TR	2,020,714	$57,065	51.1%	$29.06	—	CBOE S&P 500	97717X560
HYG	iShares TR	79,531	$6,811	6.1%	$86.52	—	Iboxx HI YD ETF	464288513
FLOT	iShares TR	62,215	$3,169	2.8%	$50.87	—	FLTG Rate NT ETF	46429B655
BNDX	Vanguard Charlotte FDS	47,800	$2,616	2.3%	$54.38	—	Intl BD Idx ETF	92203J407
SHV	iShares TR	16,743	$1,848	1.7%	$110.24	—	Short Treas BD	464288679
—	PowerShares ETF TR II	68,894	$1,594	1.4%	$23.08	—	Senior LN Port	73936Q769
BWX	SPDR Series Trust	46,127	$1,361	1.2%	$28.43	—	Blomberg Intl TR	78464A516
IGOV	iShares TR	26,253	$1,355	1.2%	$50.37	—	Intl Trea BD ETF	464288117
MINT	PIMCO ETF TR	10,053	$1,021	0.9%	$101.55	—	Enhan Shrt MA AC	72201R833
—	VanEck Vectors ETR TR	51,965	$1,019	0.9%	$18.99	—	JP Morgan Mkts	92189F494
WIP	SPDR Series Trust	16,311	$971	0.9%	$57.51	—	Citi Int Gvt ETF	78464A490
BIL	SPDR SER TR	10,335	$946	0.8%	$91.44	—	SPDR Bloomberg	78468R663
—	Barclays Bank PLC	28,916	$912	0.8%	$31.54	—	ETN Djubscoco 38	06739H313
NEAR	iShares US ETF TR	17,844	$895	0.8%	$50.10	—	Sht Mat BD ETF	46431W507
BNO	United Sts Brent Oil FD LP	45,767	$876	0.8%	$19.14	—	Unit	91167Q100
—	United States Oil Fund LP	66,902	$876	0.8%	$13.09	—	Units	91232N108
TLT	iShares TR	7,179	$875	0.8%	$126.84	—	20 YR TR BD ETF	464287432
MUB	iShares TR	7,775	$847	0.8%	$110.74	—	National Mun ETF	464288414
IBND	SPDR Series Trust	22,539	$812	0.7%	$35.42	—	Blombrg Brc Intl	78464A151
EBND	SPDR Series Trust	26,359	$801	0.7%	$29.68	—	Blombrg Brc Emrg	78464A391
LEMB	iShares TR	15,740	$793	0.7%	$48.20	—	JP Morgan EM ETF	464286517
BND	Vanguard BD Index FD Inc	9,863	$788	0.7%	$81.54	—	Total BDN MRKT	921937835
—	PowerShares ETF TR II	32,382	$788	0.7%	$23.13	—	Asia Pac BD PR	73937B753
MBB	iShares TR	7,479	$783	0.7%	$106.64	—	MBS ETF	464288588
VWOB	Vanguard Whitehall FDS Inc.	9,936	$779	0.7%	$80.27	—	Emerg Mkt BD ETF	921946885
—	Teucrium Commodity TR	123,363	$765	0.7%	$6.20	—	Wheat FD	88166A508
—	iShares Gold Trust	59,653	$759	0.7%	$12.72	—	iShares	464285105
ACWV	iShares Inc.	8,846	$741	0.7%	$83.77	—	Min Vol Gbl ETF	464286525
EFAV	iShares TR	9,913	$730	0.7%	$73.64	—	Min Vol Eafe ETF	46429B689
—	Claymore Exchange Trd FD TR	14,478	$727	0.7%	$50.17	—	GUGG ULTR SH DUR	18383M654
TIP	iShares TR	5,764	$652	0.6%	$114.08	—	Tips BD ETF	464287176
PFF	iShares TR	17,183	$645	0.6%	$38.07	—	S&P US PFD STK	464288687
AGG	iShares TR	5,906	$633	0.6%	$109.37	—	Core US AggBD ET	464287226
USMV	iShares TR	12,121	$629	0.6%	$51.89	—	Min Vol USA ETF	46429B697
—	iShares TR	33,478	$605	0.5%	$18.66	—	INTL PFD STK ETF	46429B135
EMTL	SSGA Active TR	11,481	$568	0.5%	$50.12	—	SPDR DBLELN EMRG	78470P309
FEMB	First TR EXCH Traded FD III	12,278	$525	0.5%	$42.55	—	EME MRK BD ETF	33739P202
EEMV	iShares Inc.	8,252	$514	0.5%	$62.29	—	Min Vol Emrg Mkt	464286533
FTSM	First TR Exchange Traded FD	8,457	$507	0.5%	$59.95	—	First TR ENH New	33739Q408
SPY	SPDR S&P 500 ETF TR	1,890	$497	0.4%	$267.01	—	TR Unit	78462F103
—	PowerShares ETF TR II	17,498	$487	0.4%	$27.66	—	Intl Corp Bond	73936Q835
LQD	iShares TR	3,941	$463	0.4%	$121.61	—	Iboxx INV CP ETF	464287242
SRLN	SSGA Active ETF TR	8,970	$425	0.4%	$47.16	—	BLkstn Gsosrln	78467V608
GNMA	iShares TR	8,302	$403	0.4%	$49.18	—	GNMA Bond ETF	46429B333
EUHY	iShares TR	7,131	$396	0.4%	$54.42	—	INTL High Yield	464286210
EMHY	iShares Inc.	8,039	$395	0.4%	$49.97	—	EM HGHYL BD ETF	464286285
—	PowerShares ETF TR II	13,187	$372	0.3%	$29.53	—	Sovereign Debt	73936T573
EEM	iShares TR	7,370	$356	0.3%	$48.30	—	MSCI Emg Mkt ETF	464287234
—	CurrencyShares Euro TR	2,970	$351	0.3%	$115.49	—	EURO SHS	23130C108
ELD	Wisdomtree TR	8,583	$337	0.3%	$39.26	—	Em LCL Debt FD	97717X867
CMBS	iShares TR	6,481	$326	0.3%	$51.26	—	CMBS ETF	46429B366
CWB	SPDR Series Trust	6,068	$313	0.3%	$50.63	—	BLmbrg Brc Cnvrt	78464A359
EMB	iShares TR	2,720	$307	0.3%	$116.11	—	JPMorgan USD EMG	464288281
MDY	Spdr S&P Midcap 400 ETF TR	892	$305	0.3%	$341.93	—	Utser1 S&Pdcrp	78467Y107
—	CurrencyShares CDN DLR TR	3,834	$293	0.3%	$78.51	—	CDN Dollar SHS	23129X105
EWC	iShares Inc.	10,578	$292	0.3%	$29.66	—	MSCI CDA ETF	464286509
FLRN	SPRD Ser TR	9,462	$291	0.3%	$30.65	—	Blomberg BRC Inv	78468R200
IWM	iShares TR	1,861	$283	0.3%	$152.07	—	Russell 2000 ETF	464287655
—	Currencyshares Australian Dl	3,636	$280	0.3%	$77.01	—	Australian Dol	23129U101
UPS	United Parcel Services Inc	2,637	$276	0.2%	$85.46	0.0%	Cl B	911312106
UNP	Union Pac Corp	2,018	$271	0.2%	$113.06	0.0%	Com	907818108
ICSH	iShares TR	5,367	$269	0.2%	$50.12	—	Ultr Sh Trm BD	46434V878
GDXJ	Vaneck Vectors ETF TR	8,174	$263	0.2%	$32.18	—	Jr Gold Miners E	92189F791
—	Claymore Exchange Trd FD TR	10,044	$252	0.2%	$25.09	—	GUG BLT2018 HY	18383M381
—	CurrencyShares Swiss Franc T	2,527	$249	0.2%	$98.54	—	Swiss Franc SH	23129V109
UGA	United Sts Gasoline FD LP	7,595	$245	0.2%	$32.26	—	Units	91201T102
VTIP	Vanguard Malvern FDS	4,908	$240	0.2%	$48.90	—	Strm Infroidx	922020805
EWH	iShares Inc.	9,221	$233	0.2%	$25.41	—	MSCI Hong KG ETF	464286871
VTI	Vanguard Index FDS	1,700	$231	0.2%	$137.34	—	Total STK MKT	922908769
VPL	Vanguard Intl Equity Index F	3,125	$228	0.2%	$72.81	—	FTSE Pacific ETF	922042866
SOYB	Teucrium Commodity TR	11,514	$219	0.2%	$19.02	—	Soybean Fd	88166A607
FTSL	First TR Exchange Traded FD	4,485	$216	0.2%	$48.16	—	Senior Ln FD	33738D309
—	CurrencyShs Japanese Yen TR	2,379	$214	0.2%	$89.95	—	Japanese Yen	23130A102
EWJ	iShares TR	3,471	$211	0.2%	$59.98	—	MSCI Jpn ETF New	46434G822
EWT	iShares Inc.	5,481	$210	0.2%	$36.20	—	MSCI Taiwan ETF	46434G772
—	Highlands Fds I	11,358	$208	0.2%	$18.31	—	Hi Ld Iboxx Srln	430101774
IYLD	iShares TR	8,331	$208	0.2%	$25.81	—	Mrgnstr Inc ETF	46432F875
SLV	iShares Silver Trust	13,190	$203	0.2%	$15.39	—	iShares	46428Q109
MNA	Indexiq ETF TR	6,584	$202	0.2%	$31.01	—	IQ MRGR ARB ETF	45409B800
AOK	iShares TR	5,865	$201	0.2%	$34.69	—	Conser Alloc ETF	464289883
—	ALPS ETF TR	10,383	$97	0.1%	$10.81	—	Alerian MLP	00162Q866