JMG Financial Group, Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VEU	Vanguard FTSE All-World EX-US	971,716	$47,225	15.4%	$44.22	—	COM	922042775
—	JP Morgan Alerian MLP Index ET	938,236	$41,845	13.6%	$46.53	—	COM	46625h365
SPY	SPDR S&P 500 ETF Trust	212,516	$35,705	11.6%	$160.42	—	COM	78462F103
VWO	Vanguard MSCI Emerging Markets	599,706	$24,069	7.8%	$38.86	—	COM	922042858
—	Vanguard S&P 500 ETF	189,053	$14,557	4.7%	$73.41	—	COM	922908413
VV	Vanguard Large Cap	177,271	$13,710	4.5%	$73.41	—	COM	922908637
VO	Vanguard Mid Cap Vipers	112,650	$11,545	3.8%	$95.14	—	COM	922908629
IWR	iShares Russell Midcap	79,027	$10,990	3.6%	$129.89	—	COM	464287499
IWP	iShares Russell Midcap Growth	140,091	$10,955	3.6%	$71.75	—	COM	464287481
—	Alerian MLP ETF	611,792	$10,761	3.5%	$17.85	—	COM	00162q866
IWS	iShares Russell Midcap Value	173,886	$10,591	3.4%	$57.92	—	COM	464287473
VTI	Vanguard Total Stock Market Vi	120,593	$10,570	3.4%	$82.74	—	COM	922908769
MCD	McDonalds Corp	83,417	$8,026	2.6%	$71.80	-1.7%	COM	580135101
IWM	iShares Russell 2000 Index	54,584	$5,819	1.9%	$97.01	—	COM	464287655
IVV	iShares Trust S&P 500 Index	32,349	$5,464	1.8%	$160.87	—	COM	464287200
IWF	iShares Russell 1000 Growth	56,061	$4,384	1.4%	$72.75	—	COM	464287614
VTIP	Vanguard ST Inflation Protecte	82,691	$4,087	1.3%	$49.16	—	COM	922020805
EEMV	iShares MSCI Emerging Markets	58,603	$3,441	1.1%	$57.17	—	COM	464286533
IWB	iShares Russell 1000 Index Fun	35,050	$3,301	1.1%	$89.92	—	COM	464287622
VNQ	Vanguard REIT Vipers	44,429	$2,939	1.0%	$68.61	—	COM	922908553
IWD	iShares Russell 1000 Value Ind	33,673	$2,903	0.9%	$83.79	—	COM	464287598
—	iShares MSCI EAFE Minimum Vola	44,587	$2,718	0.9%	$57.19	—	COM	46429b689
VB	Vanguard Small Cap	23,008	$2,358	0.8%	$93.94	—	COM	922908751
—	E Tracs Alerian MLP Infrastruc	58,312	$2,264	0.7%	$39.03	—	COM	902641646
—	iShares MSCI Minimum Volatilit	52,962	$1,760	0.6%	$32.70	—	COM	46429b697
VUG	Vanguard Growth Vipers	18,577	$1,572	0.5%	$78.26	—	COM	922908736
EFA	iShares MSCI EAFE Index Fund	24,160	$1,541	0.5%	$57.29	—	COM	464287465
EEM	iShares MSCI Emerging Markets	29,070	$1,185	0.4%	$38.51	—	COM	464287234
—	SPDR S&P MidCap 400 ETF Trust	4,868	$1,102	0.4%	$210.03	—	COM	78467y107
SCHX	Schwab US Large Cap ETF	23,197	$933	0.3%	$38.47	—	COM	808524201
—	SPDR Gold Trust	6,926	$888	0.3%	$120.47	—	COM	78463v107
VTV	Vanguard Value	11,089	$774	0.3%	$67.63	—	COM	922908744
SCHE	Schwab Emerging Markets	28,276	$695	0.2%	$24.58	—	COM	808524706
—	iShares Gold Trust	47,590	$613	0.2%	$12.00	—	COM	464285105
VOE	Vanguard Mid Cap Value	8,345	$611	0.2%	$68.66	—	COM	922908512
IWO	iShares Russell 2000 Growth	4,336	$546	0.2%	$111.62	—	COM	464287648
IWV	iShares Russell 3000 Index	5,349	$541	0.2%	$96.51	—	COM	464287689
IVW	iShares Tr S&P 500/Barra Growt	5,793	$518	0.2%	$84.07	—	COM	464287309
—	SPDR DJ Wilshire International	11,172	$471	0.2%	$39.90	—	COM	78463x863
—	SPDR S&P International Small C	14,051	$459	0.1%	$28.84	—	COM	78463x871
IWN	iShares Russell 2000 Value	5,002	$458	0.1%	$85.97	—	COM	464287630
SCHF	Schwab International Equity ET	14,885	$452	0.1%	$28.62	—	COM	808524805
SCHM	Schwab US Mid Cap ETF	10,049	$348	0.1%	$32.77	—	COM	808524508
CVX	Chevron Corp	2,580	$313	0.1%	$71.30	+2.5%	COM	166764100
TIP	iShares Barclays US Treasury I	2,766	$311	0.1%	$112.09	—	COM	464287176
SCHB	Schwab US Broad Market ETF	6,441	$265	0.1%	$41.14	—	COM	808524102
BP	BP Plc Adr	6,182	$260	0.1%	$41.78	—	COM	055622104
—	Credit Suisse Cushing 30 MLP I	7,599	$223	0.1%	$29.82	—	COM	22542d852
—	Pimco Enhanced Short Maturity	2,120	$215	0.1%	$101.42	—	COM	72201r833
SCHA	Schwab US Small Cap ETF	4,205	$203	0.1%	$48.28	—	COM	808524607
—	Nuveen Real Estate Income Fund	11,828	$125	0.0%	$11.92	—	COM	67071B108
—	Cohen & Steers Infrastructure	28,000	$0	0.0%	—	—	COM	bkc48a102