Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BWX	SPDR Bloomberg Barclays Intern	1,168,170	$33.21M	3.3%	$40.56	—	BLOMBRG INTL TR	78464A516
FLOT	iShares Floating Rate Bond ETF	639,093	$32.48M	3.2%	$50.94	—	FLTG RATE BD ETF	46429B655
IGOV	iShares International Treasury	454,415	$22.68M	2.3%	$76.41	—	INTL TREA BD ETF	464288117
—	CurrencyShares Japanese Yen Tr	253,592	$21.59M	2.2%	$85.33	—	JAPANESE YEN	23130A102
—	Lam Research Corp.	103,833	$19.11M	1.9%	$84.86	—	COM	512807108
IEMG	iShares Core MSCI Emerging Mar	308,077	$17.53M	1.8%	$47.19	—	CORE MSCI EMKT	46434G103
AMAT	Applied Materials Inc.	310,119	$15.85M	1.6%	$20.18	+144.9%	COM	038222105
TER	Teradyne Inc.	356,329	$14.92M	1.5%	$18.63	+112.0%	COM	880770102
—	Activision Blizzard Inc.	225,941	$14.31M	1.4%	$34.57	—	COM	00507V109
UNH	UnitedHealth Group Inc.	60,863	$13.42M	1.3%	$77.97	+138.6%	COM	91324P102
—	CurrencyShares Euro Trust	113,089	$13.07M	1.3%	$115.61	—	EURO SHS	23130C108
TGT	Target Corp.	200,094	$13.06M	1.3%	$46.41	+3.5%	COM	87612E106
ELV	Anthem Inc	57,761	$13M	1.3%	$125.20	+52.9%	COM	036752103
DHI	D.R. Horton Inc.	247,390	$12.63M	1.3%	$30.39	+40.1%	COM	23331A109
EA	Electronic Arts Inc.	117,924	$12.39M	1.2%	$62.85	+72.0%	COM	285512109
CNC	Centene Corp.	119,142	$12.02M	1.2%	$32.90	+47.2%	COM	15135B101
V	Visa Inc.	97,663	$11.14M	1.1%	$58.91	+77.2%	CL A	92826C839
ABBV	AbbVie Inc.	108,567	$10.5M	1.0%	$47.60	+40.5%	COM	00287Y109
PHM	PulteGroup Inc.	314,068	$10.44M	1.0%	$21.17	+34.0%	COM	745867101
MA	Mastercard Inc. Cl A	68,875	$10.43M	1.0%	$73.34	+93.9%	CL A	57636Q104
DLTR	Dollar Tree Inc.	96,945	$10.4M	1.0%	$97.73	0.0%	COM	256746108
—	Aetna Inc.	57,312	$10.34M	1.0%	$79.10	—	COM	00817Y108
DG	Dollar General Corp.	108,576	$10.1M	1.0%	$77.43	0.0%	COM	256677105
HUM	Humana Inc.	38,525	$9.557M	1.0%	$132.39	+74.1%	COM	444859102
—	ProShares Trust Short S&P500	312,875	$9.443M	0.9%	$32.17	—	SHORT S&P 500 NE	74347B425
JBL	Jabil Inc.	352,699	$9.258M	0.9%	$17.11	+57.1%	COM	466313103
ACN	Accenture PLC	60,026	$9.189M	0.9%	$75.73	+69.8%	SHS CL A	G1151C101
LOW	Lowe's Cos.	96,924	$9.008M	0.9%	$71.24	0.0%	COM	548661107
CCL	Carnival Corp.	135,200	$8.973M	0.9%	$51.34	+18.3%	UNIT 99/99/9999	143658300
—	Cigna Corporation	43,005	$8.734M	0.9%	$116.85	—	COM	125509109
FLEX	Flextronics International Ltd.	477,995	$8.599M	0.9%	$9.32	+45.1%	ORD	Y2573F102
—	CalAtlantic Group Inc.	151,748	$8.557M	0.9%	$35.60	—	COM	128195104
TOL	Toll Brothers Inc.	172,584	$8.287M	0.8%	$37.32	+23.3%	COM	889478103
FISV	Fiserv Inc.	62,818	$8.237M	0.8%	$29.31	+120.3%	COM	337738108
LEA	Lear Corp.	44,699	$7.897M	0.8%	$84.01	+77.5%	COM NEW	521865204
BIIB	Biogen Inc.	24,619	$7.843M	0.8%	$301.83	+6.3%	COM	09062X103
MKSI	MKS Instruments Inc.	81,942	$7.744M	0.8%	$35.80	+161.0%	COM	55306N104
MBB	iShares MBS ETF	72,416	$7.719M	0.8%	$106.02	—	MBS ETF	464288588
MAN	ManpowerGroup Inc.	61,051	$7.699M	0.8%	$113.16	+10.4%	COM	56418H100
PRU	Prudential Financial Inc.	66,243	$7.617M	0.8%	$62.61	+21.7%	COM	744320102
WSM	Williams-Sonoma Inc.	147,047	$7.602M	0.8%	$21.19	0.0%	COM	969904101
BIGGQ	Big Lots Inc.	135,018	$7.581M	0.8%	$43.42	0.0%	COM	089302103
AMGN	Amgen Inc.	43,344	$7.538M	0.8%	$130.00	+6.3%	COM	031162100
—	Wyndham Worldwide Corp.	64,757	$7.503M	0.7%	$88.04	—	COM	98310W108
RCL	Royal Caribbean Cruises Ltd	61,453	$7.33M	0.7%	$87.76	+30.3%	COM	V7780T103
GM	General Motors Co.	177,385	$7.271M	0.7%	$31.04	+22.0%	COM	37045V100
F	Ford Motor Company	571,988	$7.144M	0.7%	$7.36	+8.9%	COM PAR $0.01	345370860
MGA	Magna International Inc.	125,449	$7.109M	0.7%	$32.06	+33.6%	COM	559222401
—	Fiat Chrysler Automobiles N.V.	393,506	$7.02M	0.7%	$16.61	—	SHS	N31738102
IBM	International Business Machine	45,485	$6.978M	0.7%	$106.84	-4.4%	COM	459200101
RWM	ProShares Short Russell2000	163,814	$6.924M	0.7%	$43.69	—	SHRT RUSSELL 2000	74348A210
GILD	Gilead Sciences Inc.	95,395	$6.834M	0.7%	$57.32	-2.5%	COM	375558103
VMBS	Vanguard Mortgage-Backed Secur	128,398	$6.733M	0.7%	$51.65	—	MORTG-BACK SEC	92206C771
HMC	Honda Motor Co. Ltd. (ADS)	192,539	$6.562M	0.7%	$29.56	—	AMERN SHS	438128308
UNM	Unum Group	118,929	$6.528M	0.7%	$40.19	+33.6%	COM	91529Y106
BWA	Borgwarner Inc Com	125,348	$6.404M	0.6%	$25.92	+57.1%	COM	099724106
SEDG	SolarEdge Technologies, Inc.	167,231	$6.28M	0.6%	$22.53	+52.8%	COM	83417M104
MU	Micron Technology Inc.	152,242	$6.26M	0.6%	$39.45	+6.6%	COM	595112103
TM	Toyota Motor Corp. ADS	47,460	$6.035M	0.6%	$119.17	—	SP ADR REP2COM	892331307
CRL	Charles River Laboratories Int	54,129	$5.924M	0.6%	$108.82	0.0%	COM	159864107
AFL	AFLAC Inc.	67,239	$5.902M	0.6%	$28.46	+24.0%	COM	001055102
AMP	Ameriprise Financial Inc.	34,610	$5.865M	0.6%	$88.02	+55.5%	COM	03076C106
—	On Assignment Inc	90,434	$5.812M	0.6%	$64.27	—	COM	682159108
LNC	Lincoln National Corp.	74,090	$5.695M	0.6%	$41.05	+31.0%	COM	534187109
RHI	Robert Half International Inc.	102,112	$5.671M	0.6%	$53.20	0.0%	COM	770323103
—	Aaron's Inc.	141,676	$5.646M	0.6%	$39.85	—	COM	002535300
RVTY	PerkinElmer Inc.	76,278	$5.577M	0.6%	$70.26	0.0%	COM	714046109
PFG	Principal Financial Grp Inc	78,179	$5.516M	0.6%	$39.76	+26.6%	COM	74251V102
HD	Home Depot Inc.	29,069	$5.509M	0.6%	$141.67	0.0%	COM	437076102
TMO	Thermo Fisher Scientific Inc	28,904	$5.488M	0.5%	$187.44	0.0%	COM	883556102
—	T. Rowe Price Group Inc.	51,678	$5.423M	0.5%	$75.26	—	COM	74144t108
ICLR	Icon Plc	48,058	$5.39M	0.5%	$115.23	0.0%	COM	G4705A100
A	Agilent Technologies Inc.	80,267	$5.375M	0.5%	$63.50	0.0%	COM	00846U101
WAT	Waters Corp	27,694	$5.35M	0.5%	$193.09	0.0%	COM	941848103
KB	KB Financial Group Inc.	88,845	$5.198M	0.5%	$34.21	—	SPONSORED ADR	48241A105
KLAC	KLA-Tencor Corp.	48,916	$5.14M	0.5%	$86.97	+6.9%	COM	482480100
MFC	Manulife Financial Corp.	246,334	$5.139M	0.5%	$16.29	+27.6%	COM	56501R106
—	Hanesbrands Inc Com	244,348	$5.109M	0.5%	$20.91	—	COM	410345102
EVR	Evercore Inc. (Cl A)	56,191	$5.057M	0.5%	$60.28	+15.8%	CL A	29977A105
MTH	Meritage Homes Corp.	98,740	$5.055M	0.5%	$19.84	+24.9%	COM	59001A102
BIL	SPDR Bloomberg Barclays 1-3 Mo	54,831	$5.012M	0.5%	$91.41	—	SPDR BLOOMBERG	78468R663
—	Bed Bath & Beyond Inc.	225,911	$4.968M	0.5%	$25.13	—	COM	075896100
SANM	Sanmina-SCI Corporation	143,469	$4.734M	0.5%	$25.35	+37.8%	COM	801056102
—	ILG, Inc.	165,192	$4.705M	0.5%	$20.96	—	COM	44967H101
STT	State Street Corporation	48,016	$4.687M	0.5%	$57.54	+29.3%	COM	857477103
CNO	CNO Financial Group Inc.	186,985	$4.617M	0.5%	$14.26	+42.3%	COM	12621E103
—	DST Systems Inc.	74,109	$4.6M	0.5%	$75.16	—	COM	233326107
TSM	Taiwan Semiconductor Manufactu	114,931	$4.557M	0.5%	$34.15	—	SPONSORED ADR	874039100
BK	Bank of New York Mellon Corp.	84,176	$4.534M	0.5%	$35.50	+20.2%	COM	064058100
VAC	Marriott Vacations Worldwide C	32,744	$4.427M	0.4%	$89.84	+46.9%	COM	57164Y107
BAP	Credicorp Ltd.	20,930	$4.342M	0.4%	$124.23	+36.1%	COM	G2519Y108
INTC	Intel Corp.	92,000	$4.247M	0.4%	$28.62	+27.7%	COM	458140100
VSH	Vishay Intertechnology Inc.	204,419	$4.242M	0.4%	$18.20	0.0%	COM	928298108
BEN	Franklin Resources	97,826	$4.239M	0.4%	$23.47	+17.9%	COM	354613101
IVZ	INVESCO Ltd.	114,160	$4.171M	0.4%	$20.18	+21.8%	COM	G491BT108
—	M.D.C. Holdings Inc.	128,163	$4.086M	0.4%	$35.17	—	COM	552676108
TMHC	Taylor Morrison Home Corp. Cla	166,944	$4.085M	0.4%	$23.04	+1.6%	CL A	87724P106
MS	Morgan Stanley	77,660	$4.075M	0.4%	$34.21	+16.1%	COM NEW	617446448
MET	MetLife Inc.	79,278	$4.008M	0.4%	$33.72	+18.3%	COM	59156R108
NCLH	Norwegian Cruise Line Holdings	74,713	$3.978M	0.4%	$48.52	+14.1%	SHS	G66721104
CPS	Cooper-Standard Holdings Inc.	31,945	$3.913M	0.4%	$82.41	+43.0%	COM	21676P103
NSP	Insperity, Inc.	67,727	$3.884M	0.4%	$43.27	0.0%	COM	45778Q107
GGAL	Grupo Financiero Galicia SA Sp	58,923	$3.88M	0.4%	$31.12	—	SH ADR 10 SH B	399909100
LPL	LG Display Co. Ltd. ADS	276,696	$3.807M	0.4%	$13.76	—	SPONS ADR REP	50186V102
BRKR	Bruker Corporation	109,487	$3.758M	0.4%	$31.81	0.0%	COM	116794108
EMB	iShares JPMorgan USD Emerging	32,239	$3.743M	0.4%	$114.27	—	JP MOR EM MK ETF	464288281
TNET	TriNet Group, Inc.	84,193	$3.733M	0.4%	$39.01	0.0%	COM	896288107
ITUB	Itau Unibanco Holding S/A ADS	284,639	$3.7M	0.4%	$10.80	—	SPON ADR REP PFD	465562106
TBI	TrueBlue, Inc.	134,153	$3.689M	0.4%	$26.52	0.0%	COM	89785X101
CTSH	Cognizant Technology Solutions	51,527	$3.659M	0.4%	$40.34	+61.5%	COM	192446102
FHI	Federated Investors Inc.	100,618	$3.63M	0.4%	$18.35	+23.1%	CL B	314211103
GLW	Corning Inc.	112,548	$3.6M	0.4%	$22.24	+13.4%	COM	219350105
SAIC	Science Applications Internati	47,015	$3.6M	0.4%	$49.37	+46.5%	COM	808625107
BBD	Banco Bradesco S.A.	349,924	$3.583M	0.4%	$9.12	—	SP ADR PFD NEW	059460303
KFY	Korn Ferry International	86,093	$3.563M	0.4%	$36.98	0.0%	COM NEW	500643200
KLIC	Kulicke & Soffa Industries, In	145,700	$3.546M	0.4%	$18.37	+13.2%	COM	501242101
DOX	Amdocs Ltd.	51,819	$3.393M	0.3%	$32.43	+70.1%	COM	G02602103
GNTX	Gentex Corp	161,584	$3.385M	0.3%	$17.28	+15.1%	COM	371901109
—	Cooper Tire & Rubber Co.	94,117	$3.327M	0.3%	$30.02	—	COM	216831107
MEI	Methode Electronics, Inc.	80,976	$3.247M	0.3%	$24.05	+53.8%	COM	591520200
SLF	Sun Life Financial, Inc.	78,584	$3.242M	0.3%	$36.23	+10.0%	COM	866796105
MHO	M/I Homes Inc Com	93,747	$3.225M	0.3%	$27.19	+20.1%	COM	55305B101
BWZ	SPDR Bloomberg Barclays Short	99,322	$3.19M	0.3%	$33.20	—	BLOMBERG BRC INT	78464A334
PLXS	Plexus Corp.	51,553	$3.13M	0.3%	$42.14	+43.8%	COM	729132100
BHE	Benchmark Electronics Inc.	105,821	$3.079M	0.3%	$17.35	+49.1%	COM	08160H101
CACI	CACI International Inc. (Cl A)	22,742	$3.01M	0.3%	$82.33	+64.0%	CL A	127190304
CVSA	Adtalem Global Education Inc.	71,374	$3.001M	0.3%	$37.28	+5.1%	COM	00737L103
DCH	American Axle & Manufacturing	175,464	$2.988M	0.3%	$16.03	+10.4%	COM	024061103
—	Tenneco Inc.	50,690	$2.967M	0.3%	$46.61	—	COM	880349105
—	BanColombia S.A. ADS	74,084	$2.938M	0.3%	$39.04	—	SPON ADR PREF	05968L102
VCLT	Vanguard Long Term Corporate B	30,472	$2.918M	0.3%	$84.18	—	LG-TRM COR BD	92206C813
NAVI	Navient Corp	215,453	$2.87M	0.3%	$15.55	-18.8%	COM	63938C108
VTIP	Vanguard Short-Term Inflation-	56,537	$2.76M	0.3%	$48.82	—	STRM BD IDX ETF	922020805
BMA	Banco Macro SA Sponsored ADR C	23,134	$2.681M	0.3%	$78.27	—	SPON ADR B	05961W105
—	CGI Group Inc. Class A	48,503	$2.635M	0.3%	$37.27	—	CL A SUB VTG	39945c109
BABA	Alibaba Group Holding Ltd. Spo	14,814	$2.554M	0.3%	$122.74	—	SPONSORED ADR	01609W102
CRUS	Cirrus Logic Inc.	48,512	$2.516M	0.3%	$63.20	-14.5%	COM	172755100
WRLD	World Acceptance Corp.	28,586	$2.307M	0.2%	$56.03	+43.6%	COM	981419104
IEI	iShares 3-7 Year Treasury Bond	18,693	$2.284M	0.2%	$124.37	—	3 7 YR TREAS BD	464288661
—	Convergys Corp.	94,332	$2.217M	0.2%	$20.85	—	COM	212485106
—	iShares MSCI Russia ETF	65,585	$2.198M	0.2%	$33.57	—	MSCI RUSSIA ETF	46434G798
IGIB	iShares Intermediate Credit Bo	19,565	$2.137M	0.2%	$110.35	—	INTERM CR BD ETF	464288638
WU	Western Union Co.	106,102	$2.017M	0.2%	$17.68	—	COM	959802109
LQD	iShares iBoxx $ Investment Gra	14,585	$1.773M	0.2%	$116.13	—	IBOXX INV CP ETF	464287242
LYB	LyondellBasell Industries N.V.	13,566	$1.497M	0.1%	$49.75	+27.6%	SHS - A -	N53745100
IBND	SPDR Barclays International Co	39,810	$1.407M	0.1%	$34.55	—	BLOMBRG BRC INTL	78464A151
DAL	Delta Air Lines Inc.	20,922	$1.172M	0.1%	$15.34	+211.6%	COM NEW	247361702
—	VanEck Vectors Russia ETF	48,260	$1.024M	0.1%	$19.40	—	RUSSIA ETF	92189F403
—	Magellan Health Inc.	10,385	$1.003M	0.1%	$86.31	—	COM NEW	559079207
GS	Goldman Sachs Group Inc.	3,808	$970K	0.1%	$200.04	+2.6%	COM	38141G104
—	China Mobile Ltd. ADS	18,660	$943K	0.1%	$58.81	—	SPONSORED ADR	16941M109
TPH	TRI Pointe Group Inc	51,675	$926K	0.1%	$12.47	+35.1%	COM	87265H109
UAL	United Continental Holdings In	13,283	$895K	0.1%	$63.59	-2.0%	COM	910047109
EBAY	eBay Inc.	23,393	$883K	0.1%	$26.87	+22.9%	COM	278642103
GOOGL	Alphabet Inc. Cl A	821	$865K	0.1%	$38.82	+32.0%	CAP STK CL A	02079K305
LPX	Louisiana-Pacific Corp.	32,469	$853K	0.1%	$22.99	+18.0%	COM	546347105
ON	ON Semiconductor Corp.	39,860	$835K	0.1%	$16.09	+26.7%	COM	682189105
—	Tata Motors Ltd. ADS	24,962	$825K	0.1%	$26.89	—	SPONSORED ADR	876568502
—	Lazard Ltd.	15,402	$809K	0.1%	$41.09	—	SHS A	G54050102
—	Fibria Celulose S.A. (ADS)	53,070	$781K	0.1%	$10.71	—	SP ADR REP COM	31573A109
JBLU	JetBlue Airways Corp.	34,886	$779K	0.1%	$8.82	+131.5%	COM	477143101
STM	STMicroelectronics N.V.	35,467	$775K	0.1%	$19.43	—	NY REGISTRY	861012102
GT	Goodyear Tire & Rubber Co.	22,750	$735K	0.1%	$28.31	+12.2%	COM	382550101
AMKR	Amkor Technology Inc.	72,647	$730K	0.1%	$10.55	-5.5%	COM	031652100
AKAM	Akamai Technologies Inc.	10,792	$702K	0.1%	$53.52	+3.4%	COM	00971T101
—	Trinseo SA	9,038	$656K	0.1%	$59.30	—	SHS	L9340P101
—	Domtar Corp.	13,070	$647K	0.1%	$36.55	—	COM NEW	257559203
SKYW	Skywest Inc Com	12,191	$647K	0.1%	$35.67	+37.2%	COM	830879102
—	BGC Partners, Inc. Class A	42,483	$642K	0.1%	$10.23	—	CL A	05541T101
—	Tech Data Corp.	6,252	$613K	0.1%	$65.55	—	COM	878237106
ARW	Arrow Electronics Inc.	7,615	$612K	0.1%	$56.49	+42.2%	COM	042735100
IEFA	iShares Core MSCI EAFE ETF	8,713	$576K	0.1%	$59.53	—	CORE MSCI EAFE	46432F842
NTES	NetEase, Inc. ADR	1,420	$490K	0.0%	$300.70	—	SPONSORED ADR	64110W102
UAE	iShares MSCI UAE ETF	28,931	$486K	0.0%	$16.99	—	MSCI UAE ETF	46434V761
AVT	Avnet Inc.	12,167	$482K	0.0%	$34.29	-4.0%	COM	053807103
ZD	j2 Global, Inc.	6,295	$472K	0.0%	$58.21	+11.9%	COM	48123V102
PBF	PBF Energy, Inc. Class A	13,062	$463K	0.0%	$30.91	0.0%	CL A	69318G106
BAK	Braskem S/A (ADS)	16,435	$432K	0.0%	$14.06	—	SP ADR PFD A	105532105
RS	Reliance Steel & Aluminum Co.	5,039	$432K	0.0%	$75.00	+5.0%	COM	759509102
WOR	Worthington Industries Inc.	9,297	$410K	0.0%	$26.71	-0.0%	COM	981811102
—	Realogy Holdings Corp.	14,708	$390K	0.0%	$32.97	—	COM	75605Y106
—	Hawaiian Holdings Inc.	8,177	$326K	0.0%	$18.04	—	COM	419879101
—	China Southern Airlines Co. Lt	5,699	$295K	0.0%	$51.76	—	SPON ADR CL H	169409109
—	Global X MSCI Pakistan ETF	23,381	$289K	0.0%	$14.50	—	MSCI PAKISTAN	37950E689
SBS	Companhia de Saneamento Basico	27,223	$284K	0.0%	$6.98	—	SPONSORED ADR	20441A102
—	Morgan Stanley China A Share F	11,400	$267K	0.0%	$22.37	—	COM	617468103
FMX	Fomento Economico Mexicano S.A	2,698	$253K	0.0%	$93.77	—	SPON ADR UNITS	344419106
IVV	iShares S&P 500 Fund	813	$219K	0.0%	$269.37	—	CORE S&P500 ETF	464287200
—	Chico'S Fas Inc	14,640	$129K	0.0%	$8.81	—	COM	168615102
—	AU Optronics Corp. ADS	29,766	$124K	0.0%	$3.51	—	SPONSORED ADR	002255107
—	Francesca's Holdings Corp.	11,773	$86,000	0.0%	$7.30	—	COM	351793104
GNW	Genworth Financial Inc. Cl A	24,104	$75,000	0.0%	$4.39	-21.2%	CL A	37247D106