Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BNDX	VANGUARD CHARLOTTE FDS	247,473	$14.18M	8.9%	$57.23	—	INTL BD IDX ETF	92203J407
EWZ	ISHARES INC	226,155	$9.887M	6.2%	$38.92	—	MSCI BRAZIL ETF	464286400
IEF	ISHARES TR	85,867	$9.447M	5.9%	$110.02	—	BARCLAYS 7 10 YR	464287440
FXI	ISHARES TR	192,517	$8.234M	5.2%	$39.24	—	CHINA LG-CAP ETF	464287184
EWL	ISHARES INC	208,248	$7.822M	4.9%	$37.24	—	MSCI SWITZERLAND	464286749
VCIT	VANGUARD SCOTTSDALE FDS	77,707	$6.982M	4.4%	$87.16	—	INT-TERM CORP	92206C870
AGG	ISHARES TR	59,710	$6.649M	4.2%	$109.07	—	CORE US AGGBD ET	464287226
EMB	ISHARES TR	58,468	$6.624M	4.2%	$110.56	—	JPMORGAN USD EMG	464288281
ECH	ISHARES INC	155,090	$6.337M	4.0%	$41.41	—	MSCI CHILE ETF	464286640
EWT	ISHARES INC	162,674	$5.687M	3.6%	$31.62	—	MSCI TAIWAN ETF	46434G772
EWH	ISHARES INC	209,914	$5.433M	3.4%	$23.07	—	MSCI HONG KG ETF	464286871
XLE	SELECT SECTOR SPDR TR	83,580	$5.325M	3.4%	$59.90	—	ENERGY	81369Y506
THD	ISHARES INC	52,166	$4.987M	3.1%	$82.81	—	MSCI THAILND ETF	464286624
XLK	SELECT SECTOR SPDR TR	63,041	$4.92M	3.1%	$61.98	—	TECHNOLOGY	81369Y803
EWX	SPDR INDEX SHS FDS	103,938	$4.646M	2.9%	$40.97	—	S&P EMKTSC ETF	78463X756
XLF	SELECT SECTOR SPDR TR	145,960	$4.028M	2.5%	$23.98	—	SBI INT-FINL	81369Y605
EPU	ISHARES TR	91,807	$3.401M	2.1%	$35.50	—	MSCI PERU ETF	464289842
ENZL	ISHARES TR	53,902	$2.877M	1.8%	$46.29	—	NEW ZEALAND ETF	464289123
EPOL	ISHARES TR	120,837	$2.87M	1.8%	$23.03	—	MSCI POLAND ETF	46429B606
XLU	SELECT SECTOR SPDR TR	46,208	$2.755M	1.7%	$58.95	—	SBI INT-UTILS	81369Y886
EWA	ISHARES INC	112,309	$2.531M	1.6%	$19.25	—	MSCI AUST ETF	464286103
IWN	ISHARES TR	20,385	$2.456M	1.5%	$119.19	—	RUS 2000 VAL ETF	464287630
—	GLOBAL X FDS	247,597	$2.335M	1.5%	$7.79	—	GLBX MSCI COLUM	37950E200
EWN	ISHARES INC	74,707	$2.304M	1.4%	$26.30	—	MSCI NETHERL ETF	464286814
XLV	SELECT SECTOR SPDR TR	23,253	$2.154M	1.4%	$87.75	—	SBI HEALTHCARE	81369Y209
—	VANECK VECTORS ETF TR	82,710	$1.954M	1.2%	$18.90	—	RUSSIA ETF	92189F403
SRLN	SSGA ACTIVE ETF TR	37,773	$1.746M	1.1%	$46.03	—	BLKSTN GSOSRLN	78467V608
INDA	ISHARES TR	47,844	$1.689M	1.1%	$33.34	—	MSCI INDIA ETF	46429B598
EWW	ISHARES INC	36,061	$1.564M	1.0%	$43.03	—	MSCI MEXICO ETF	464286822
HYG	ISHARES TR	17,086	$1.49M	0.9%	$87.21	—	IBOXX HI YD ETF	464288513
EZA	ISHARES INC	26,374	$1.442M	0.9%	$50.45	—	MSCI STH AFR ETF	464286780
XLC	SELECT SECTOR SPDR TR	27,781	$1.367M	0.9%	$41.29	—	COMMUNICATION	81369Y852
XLP	SELECT SECTOR SPDR TR	23,328	$1.355M	0.9%	$56.10	—	SBI CONS STPLS	81369Y308
EWY	ISHARES INC	21,954	$1.314M	0.8%	$59.26	—	MSCI STH KOR ETF	464286772
XLRE	SELECT SECTOR SPDR TR	35,232	$1.295M	0.8%	$36.76	—	RL EST SEL SEC	81369Y860
EIDO	ISHARES TR	49,216	$1.279M	0.8%	$24.82	—	MSCI INDONIA ETF	46429B309
EWQ	ISHARES INC	36,806	$1.128M	0.7%	$26.52	—	MSCI FRANCE ETF	464286707
KRE	SPDR SERIES TRUST	16,553	$884K	0.6%	$46.78	—	S&P REGL BKG	78464A698
HYEM	VANECK VECTORS ETF TR	34,100	$814K	0.5%	$22.82	—	EMERGING MKTS HI	92189F353
PDBC	INVESCO ACTIVELY MANAGD ETF	42,611	$698K	0.4%	$15.20	—	OPTIMUM YIELD	46090F100
VMBS	VANGUARD SCOTTSDALE FDS	11,519	$609K	0.4%	$51.49	—	MORTG-BACK SEC	92206C771
BND	VANGUARD BD INDEX FD INC	6,263	$520K	0.3%	$79.56	—	TOTAL BND MRKT	921937835
FLRN	SPDR SERIES TRUST	12,144	$373K	0.2%	$30.71	—	BLOMBERG BRC INV	78468R200
IEI	ISHARES TR	2,953	$371K	0.2%	$123.68	—	3 7 YR TREAS BD	464288661
GXC	SPDR INDEX SHS FDS	2,958	$283K	0.2%	$100.27	—	S&P CHINA ETF	78463X400
BWX	SPDR SERIES TRUST	9,255	$268K	0.2%	$28.96	—	BLOMBERG INTL TR	78464A516
SHY	ISHARES TR	3,146	$267K	0.2%	$83.52	—	1 3 YR TREAS BD	464287457
EDC	DIREXION SHS ETF TR	3,378	$264K	0.2%	$79.64	—	DLY EMG MK BL 3X	25490K281
HYS	PIMCO ETF TR	2,573	$258K	0.2%	$95.08	—	0-5 HIGH YIELD	72201R783
LQD	ISHARES TR	1,938	$241K	0.2%	$124.36	—	IBOXX INV CP ETF	464287242
—	ISHARES INC	7,964	$236K	0.1%	$26.18	—	MSCI FRNTR100ETF	464286145
AGZ	ISHARES TR	1,829	$211K	0.1%	$112.14	—	AGENCY BOND ETF	464288166
—	INVESCO EXCHNG TRADED FD TR	16,900	$152K	0.1%	$8.74	—	S&P SMLCP ENGY	46138E164