Crabel Capital Management, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WTPI	WisdomTree TR	2,020,329	$59,458	32.7%	$29.06	—	CBOE S&P 500	97717X560
MAC	Macerich Co	504,000	$28,642	15.8%	$56.83	—	Com	554382101
—	Energy Transfer Partners LP	1,330,000	$25,323	13.9%	$19.04	—	Unit Ltd Prt Int	29278N103
—	Apollo Global Mgmt LLC	625,000	$19,919	11.0%	$31.87	—	Cl A SHS	037612306
HYG	iShares TR	43,497	$3,701	2.0%	$86.52	—	IBOXX HI YD ETF	464288513
FLOT	iShares TR	67,960	$3,466	1.9%	$50.88	—	FLTG Rate NT ETF	46429B655
BNDX	Vanguard Charlotte FDS	55,715	$3,048	1.7%	$54.42	—	Intl BD IDX ETF	92203J407
BKLN	Invesco Exchng Traded FD TR	86,871	$1,989	1.1%	$22.90	—	Sr Ln ETF	46138G508
SHV	iShares TR	16,743	$1,849	1.0%	$110.24	—	Short Treas BD	464288679
EFAV	iShares TR	24,549	$1,746	1.0%	$72.14	—	Min Vol Eafe ETF	46429B689
MUB	iShares TR	15,267	$1,665	0.9%	$109.92	—	National Mun ETF	464288414
BWX	SPDR Series Trust	52,929	$1,469	0.8%	$28.35	—	Blomberg Intl TR	78464A516
USMV	iShares TR	24,865	$1,322	0.7%	$52.55	—	Min Vol USA ETF	46429B697
TLT	iShares TR	10,782	$1,312	0.7%	$125.12	—	20 YR TR BD ETF	464287432
PFF	iShares TR	31,355	$1,182	0.7%	$37.90	—	S&P US PFD Stk	464288687
EEMV	iShares TR	18,822	$1,089	0.6%	$59.80	—	Min Vol EMRG Mkt	464286533
VWOB	Vanguard Whitehall FDS Inc	14,307	$1,077	0.6%	$78.75	—	Emerg Mkt BD ETF	921946885
ACWV	iShares TR	12,419	$1,031	0.6%	$83.55	—	Min Vol GBL ETF	464286525
MINT	Pimco ETF TR	10,053	$1,021	0.6%	$101.55	—	Enhan Shrt MA AC	72201R833
NEAR	iShares US ETF TR	17,844	$895	0.5%	$50.10	—	Sht Mat BD ETF	46431W507
TIP	iShares TR	7,590	$857	0.5%	$113.80	—	TIPS BD ETF	464287176
BND	Vanguard BD Index FD Inc	10,759	$852	0.5%	$81.34	—	Total Bnd Mrkt	921937835
MBB	iShares TR	8,158	$850	0.5%	$106.44	—	MBS ETF	464288588
AGG	iShares TR	7,738	$823	0.5%	$108.66	—	Core US Aggbd ET	464287226
—	Invesco Exchng Traded FD TR	29,926	$684	0.4%	$22.86	—	Chins Yuan Dim	46138E883
GSY	Invesco Actively Managd ETF	11,619	$584	0.3%	$50.26	—	Ultra Shrt Dur	46090A887
—	iShares TR	32,691	$569	0.3%	$18.66	—	INTL PFD Stk ETF	46429B135
EMTL	SSGA Active TR	10,614	$513	0.3%	$50.12	—	SPDR Dbleln Emrg	78470P309
FTSM	First Tr Exchange Traded FD	7,875	$472	0.3%	$59.95	—	First TR Enh New	33739Q408
EUHY	iShares Inc.	9,011	$467	0.3%	$53.88	—	INTL High Yield	464286210
GNMA	iShares TR	9,450	$457	0.3%	$49.08	—	GNMA Bond ETF	46429B333
IGOV	iShares TR	8,899	$438	0.2%	$50.37	—	Intl Trea BD ETF	464288117
LQD	iShares TR	3,710	$425	0.2%	$121.61	—	IBOXX INV CP ETF	464287242
SRLN	SSGA Active ETF TR	8,970	$421	0.2%	$47.16	—	Blkstn Gsosrln	78467V608
IGSB	iShares TR	3,879	$402	0.2%	$103.63	—	1 3 YR CR BD ETF	464288646
HYEM	Vaneck Vectors ETF TR	17,413	$399	0.2%	$22.91	—	Emerging Mkts HI	92189F353
CMBS	iShares TR	7,646	$383	0.2%	$51.08	—	CMBS ETF	46429B366
PICB	Invesco Exchng Traded FD TR	14,639	$383	0.2%	$26.16	—	Intl Corp Bd	46138E636
SUB	iShares TR	3,615	$380	0.2%	$105.12	—	Shrt Nat Mun ETF	464288158
PCY	Invesco Exchng Traded FD TR	13,963	$370	0.2%	$26.50	—	Emrng Mkt Svrg	46138E784
UUP	Invesco DB US DLR Index TR	14,841	$370	0.2%	$24.93	—	Bullish FD	46141D203
STIP	iShares TR	3,615	$360	0.2%	$99.59	—	0-5 YR TIPS ETF	46429B747
EMHY	iShares Inc.	7,144	$329	0.2%	$49.97	—	EM HGHYL BD ETF	464286285
HEEM	iShares TR	12,297	$315	0.2%	$25.62	—	Cur HD MSCI EM	46434G509
IYR	iShares TR	3,895	$314	0.2%	$80.62	—	U.S. Real Es ETF	464287739
—	Invesco Exch Trd Slf Idx FD	14,349	$304	0.2%	$21.19	—	Bulshs2018 COR	46138J106
VTI	Vanguard Index FDS	2,144	$301	0.2%	$137.97	—	Total Stk Mkt	922908769
FLRN	SPDR Ser Trust	9,462	$291	0.2%	$30.65	—	Blomberg BRC Inv	78468R200
CWB	SPDR Series Trust	5,392	$286	0.2%	$50.63	—	Blmbrg BRC Cnvrt	78464A359
—	iShares TR	11,358	$285	0.2%	$25.09	—	IBonds Dec18 ETF	46434VAA8
USDU	WisdomTree TR	10,518	$280	0.2%	$26.62	—	Blmbg US Bull	97717W471
—	Absolute Shs TR	11,607	$278	0.2%	$23.95	—	WBI BBR GBL High	00400R882
BNO	United Sts Brent Oil FD LP	12,420	$275	0.2%	$19.14	—	Unit	91167Q100
EWC	iShares Inc.	9,578	$273	0.2%	$29.66	—	MSCI CDA ETF	464286509
ICSH	iShares TR	5,367	$269	0.1%	$50.12	—	Ultr SH Trm BD	46434V878
EMB	iShares TR	2,459	$263	0.1%	$116.11	—	JPMorgan USD Emg	464288281
—	Invesco Exch Trd Slf Idx FD	10,044	$252	0.1%	$25.09	—	Bulshs 2018 HY	46138J205
—	Invesco Exch TRD SLF IDX FD	11,955	$251	0.1%	$21.00	—	Bulshs 2019 CB	46138J304
UGA	United Sts Gasoline FD LP	7,240	$250	0.1%	$32.26	—	Units	91201T102
MDY	SPDR S&P Midcap 400 ETF TR	688	$244	0.1%	$341.93	—	UTSER1 S&PDCRP	78467Y107
VTIP	Vanguard Malvern FDS	4,908	$240	0.1%	$48.90	—	STRM Infproidx	922020805
—	UBS AG London BRH	15,471	$239	0.1%	$15.45	—	ETRACS Mth 2XLV	90270L842
BWZ	SPDR Series Trust	7,630	$239	0.1%	$31.32	—	Blomberg Brc Int	78464A334
QCOM	Qualcomm Inc	4,146	$233	0.1%	$45.91	0.0%	Com	747525103
—	Teucrium Commodity TR	36,198	$231	0.1%	$6.20	—	Wheat FD	88166A508
FTSL	First Tr Exchange Traded FD	4,785	$229	0.1%	$48.14	—	Senior Ln Fd	33738D309
—	iShares TR	8,970	$228	0.1%	$25.42	—	IBonds SEP18 ETF	46429B580
MNA	IndexIQ ETF TR	7,250	$223	0.1%	$30.99	—	IQ Mrgr ARB ETF	45409B800
GOOGL	Alphabet Inc.	196	$221	0.1%	$53.98	0.0%	Cap Stk Cl A	02079K305
EWH	iShares Inc.	9,038	$219	0.1%	$25.41	—	MSCI Hong KG ETF	464286871
VPL	Vanguard Intl Equity Index F	3,104	$217	0.1%	$72.81	—	FTSE Pacific ETF	922042866
LLY	Lilly Eli & Co	2,528	$216	0.1%	$73.70	0.0%	Com	532457108
XLU	Select Sector SPDR TR	4,102	$213	0.1%	$51.93	—	SBI Int-Utils	81369Y886
—	Vaneck Vectors ETF TR	12,319	$210	0.1%	$18.99	—	JP Morgan Mkts	92189F494
ENZL	iShares TR	4,293	$208	0.1%	$48.45	—	New Zealand ETF	464289123
IYLD	iShares TR	8,331	$205	0.1%	$25.81	—	Mrngstr Inc ETF	46432F875
—	Invesco Exch Trd Slf Idx FD	8,970	$189	0.1%	$21.07	—	Bulshs 2020 CB	46138J502
—	ALPS ETF Tr	15,499	$157	0.1%	$10.59	—	Alerian MLP	00162Q866