Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLK	SELECT SECTOR SPDR TR	209,187	$12.96M	8.5%	$61.98	—	TECHNOLOGY	81369Y803
FXI	ISHARES TR	272,963	$10.67M	7.0%	$39.08	—	CHINA LG-CAP ETF	464287184
EIDO	ISHARES TR	333,421	$8.276M	5.4%	$24.82	—	MSCI INDONIA ETF	46429B309
XLF	SELECT SECTOR SPDR TR	325,645	$7.757M	5.1%	$23.82	—	SBI INT-FINL	81369Y605
ECH	ISHARES INC	181,385	$7.511M	4.9%	$41.41	—	MSCI CHILE ETF	464286640
EWZ	ISHARES INC	191,642	$7.321M	4.8%	$38.20	—	MSCI BRAZIL ETF	464286400
THD	ISHARES INC	73,853	$6.116M	4.0%	$82.81	—	MSCI THAILND ETF	464286624
EWT	ISHARES INC	177,998	$5.628M	3.7%	$31.62	—	MSCI TAIWAN ETF	46434G772
XLY	SELECT SECTOR SPDR TR	55,646	$5.509M	3.6%	$99.00	—	SBI CONS DISCR	81369Y407
EWL	ISHARES INC	159,838	$5.038M	3.3%	$31.52	—	MSCI SWITZERLAND	464286749
EWX	SPDR INDEX SHS FDS	119,473	$4.895M	3.2%	$40.97	—	S&P EMKTSC ETF	78463X756
EPOL	ISHARES TR	197,372	$4.545M	3.0%	$23.03	—	MSCI POLAND ETF	46429B606
EWH	ISHARES INC	187,304	$4.227M	2.8%	$22.57	—	MSCI HONG KG ETF	464286871
KRE	SPDR SERIES TRUST	83,040	$3.885M	2.5%	$46.78	—	S&P REGL BKG	78464A698
—	VANECK VECTORS ETF TR	200,431	$3.758M	2.5%	$18.75	—	RUSSIA ETF	92189F403
EWA	ISHARES INC	192,396	$3.704M	2.4%	$19.25	—	MSCI AUST ETF	464286103
EPU	ISHARES TR	99,215	$3.522M	2.3%	$35.50	—	MSCI PERU ETF	464289842
EWN	ISHARES INC	128,394	$3.377M	2.2%	$26.30	—	MSCI NETHERL ETF	464286814
EWY	ISHARES INC	56,663	$3.335M	2.2%	$58.86	—	MSCI STH KOR ETF	464286772
XLE	SELECT SECTOR SPDR TR	57,852	$3.318M	2.2%	$57.35	—	ENERGY	81369Y506
IWN	ISHARES TR	27,390	$2.946M	1.9%	$107.56	—	RUS 2000 VAL ETF	464287630
PSCT	INVESCO EXCHNG TRADED FD TR	38,400	$2.65M	1.7%	$69.01	—	S&P SMLCP INFO	46138E115
ENZL	ISHARES TR	52,821	$2.431M	1.6%	$46.02	—	NEW ZEALAND ETF	464289123
PSCF	INVESCO EXCHNG TRADED FD TR	50,633	$2.427M	1.6%	$47.93	—	S&P SMLCP FINL	46138E156
XLV	SELECT SECTOR SPDR TR	26,130	$2.26M	1.5%	$86.49	—	SBI HEALTHCARE	81369Y209
INDA	ISHARES TR	65,867	$2.196M	1.4%	$33.34	—	MSCI INDIA ETF	46429B598
EZA	ISHARES INC	43,346	$2.187M	1.4%	$50.45	—	MSCI STH AFR ETF	464286780
EWQ	ISHARES INC	79,638	$2.112M	1.4%	$26.52	—	MSCI FRANCE ETF	464286707
—	GLOBAL X FDS	253,343	$1.974M	1.3%	$7.79	—	GLBX MSCI COLUM	37950E200
EWP	ISHARES INC	70,668	$1.895M	1.2%	$26.82	—	MSCI SPAIN ETF	464286764
TUR	ISHARES INC	75,455	$1.854M	1.2%	$24.57	—	MSCI TURKEY ETF	464286715
EWI	ISHARES INC	70,219	$1.7M	1.1%	$24.21	—	MSCI ITALY ETF	46434G830
XLC	SELECT SECTOR SPDR TR	38,630	$1.595M	1.0%	$41.29	—	COMMUNICATION	81369Y852
PSCD	INVESCO EXCHNG TRADED FD TR	23,483	$1.294M	0.8%	$55.10	—	S&P SMLCP DISC	46138E180
—	INVESCO EXCHNG TRADED FD TR	137,040	$1.198M	0.8%	$8.74	—	S&P SMLCP ENGY	46138E164
XRT	SPDR SERIES TRUST	21,999	$902K	0.6%	$41.00	—	S&P RETAIL ETF	78464A714
VMBS	VANGUARD SCOTTSDALE FDS	13,130	$676K	0.4%	$51.49	—	MORTG-BACK SEC	92206C771
PDBC	INVESCO ACTIVELY MANAGD ETF	42,049	$634K	0.4%	$15.08	—	OPTIMUM YIELD	46090F100
EWW	ISHARES INC	13,250	$546K	0.4%	$41.21	—	MSCI MEXICO ETF	464286822
HYEM	VANECK VECTORS ETF TR	21,017	$470K	0.3%	$22.36	—	EMERGING MKTS HI	92189F353
EMB	ISHARES TR	4,390	$456K	0.3%	$103.87	—	JPMORGAN USD EMG	464288281
SHY	ISHARES TR	4,945	$413K	0.3%	$83.52	—	1 3 YR TREAS BD	464287457
BND	VANGUARD BD INDEX FD INC	5,065	$401K	0.3%	$79.17	—	TOTAL BND MRKT	921937835
VCIT	VANGUARD SCOTTSDALE FDS	4,205	$348K	0.2%	$82.76	—	INT-TERM CORP	92206C870
FTSM	FIRST TR EXCHANGE TRADED FD	5,213	$312K	0.2%	$59.85	—	FIRST TR ENH NEW	33739Q408
HYS	PIMCO ETF TR	2,987	$284K	0.2%	$95.08	—	0-5 HIGH YIELD	72201R783
AGZ	ISHARES TR	2,381	$267K	0.2%	$112.14	—	AGENCY BOND ETF	464288166
BNDX	VANGUARD CHARLOTTE FDS	4,321	$234K	0.2%	$54.15	—	INTL BD IDX ETF	92203J407
SRLN	SSGA ACTIVE ETF TR	5,045	$226K	0.1%	$44.80	—	BLKSTN GSOSRLN	78467V608
—	ISHARES INC	8,632	$226K	0.1%	$26.18	—	MSCI FRNTR100ETF	464286145
IWC	ISHARES TR	2,428	$200K	0.1%	$82.37	—	MICRO-CAP ETF	464288869