Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BNDX	VANGUARD CHARLOTTE FDS	381,608	$21.59M	14.4%	$57.80	—	INTL BD IDX ETF	92203J407
BIL	SPDR SERIES TRUST	158,000	$14.45M	9.6%	$91.43	—	SPDR BLOOMBERG	78468R663
IEF	ISHARES TR	85,135	$9.384M	6.3%	$110.02	—	BARCLAYS 7 10 YR	464287440
EMB	ISHARES TR	75,010	$8.593M	5.7%	$111.52	—	JPMORGAN USD EMG	464288281
IAGG	ISHARES TR	133,603	$7.32M	4.9%	$54.79	—	CORE INTL AGGR	46435G672
XLK	SELECT SECTOR SPDR TR	72,549	$6.651M	4.4%	$72.87	—	TECHNOLOGY	81369Y803
BWX	SPDR SERIES TRUST	204,683	$5.897M	3.9%	$28.82	—	BLOMBERG INTL TR	78464A516
XLV	SELECT SECTOR SPDR TR	55,759	$5.68M	3.8%	$89.14	—	SBI HEALTHCARE	81369Y209
XLF	SELECT SECTOR SPDR TR	173,344	$5.336M	3.6%	$26.06	—	SBI INT-FINL	81369Y605
EWL	ISHARES INC	90,770	$3.689M	2.5%	$38.33	—	MSCI SWITZERLAND	464286749
XLY	SELECT SECTOR SPDR TR	28,213	$3.538M	2.4%	$121.74	—	SBI CONS DISCR	81369Y407
XLP	SELECT SECTOR SPDR TR	54,988	$3.463M	2.3%	$59.17	—	SBI CONS STPLS	81369Y308
ECH	ISHARES INC	102,154	$3.405M	2.3%	$41.41	—	MSCI CHILE ETF	464286640
AGG	ISHARES TR	29,487	$3.313M	2.2%	$109.10	—	CORE US AGGBD ET	464287226
XLC	SELECT SECTOR SPDR TR	61,029	$3.273M	2.2%	$48.05	—	COMMUNICATION	81369Y852
EWA	ISHARES INC	140,042	$3.171M	2.1%	$19.92	—	MSCI AUST ETF	464286103
ENZL	ISHARES TR	53,600	$3.095M	2.1%	$46.29	—	NEW ZEALAND ETF	464289123
XLU	SELECT SECTOR SPDR TR	45,830	$2.962M	2.0%	$60.93	—	SBI INT-UTILS	81369Y886
IWM	ISHARES TR	16,000	$2.651M	1.8%	$151.31	—	RUSSELL 2000 ETF	464287655
EWN	ISHARES INC	74,582	$2.525M	1.7%	$26.30	—	MSCI NETHERL ETF	464286814
—	GLOBAL X FDS	245,101	$2.414M	1.6%	$7.79	—	GLBX MSCI COLUM	37950E200
EPU	ISHARES TR	63,885	$2.367M	1.6%	$35.50	—	MSCI PERU ETF	464289842
VCIT	VANGUARD SCOTTSDALE FDS	22,638	$2.068M	1.4%	$87.63	—	INT-TERM CORP	92206C870
—	VANECK VECTORS ETF TRUST	81,416	$2.033M	1.4%	$18.90	—	RUSSIA ETF	92189F403
EWX	SPDR INDEX SHS FDS	44,046	$2.029M	1.4%	$41.34	—	S&P EMKTSC ETF	78463X756
XLE	SELECT SECTOR SPDR TR	32,122	$1.929M	1.3%	$59.90	—	ENERGY	81369Y506
EPOL	ISHARES TR	85,430	$1.801M	1.2%	$23.03	—	MSCI POLAND ETF	46429B606
XLI	SELECT SECTOR SPDR TR	20,322	$1.656M	1.1%	$81.49	—	SBI INT-INDS	81369Y704
EWW	ISHARES INC	36,061	$1.624M	1.1%	$43.03	—	MSCI MEXICO ETF	464286822
KRE	SPDR SERIES TRUST	26,578	$1.548M	1.0%	$51.05	—	S&P REGL BKG	78464A698
XLRE	SELECT SECTOR SPDR TR	35,197	$1.361M	0.9%	$36.76	—	RL EST SEL SEC	81369Y860
EIDO	ISHARES TR	48,728	$1.25M	0.8%	$24.82	—	MSCI INDONIA ETF	46429B309
XLB	SELECT SECTOR SPDR TR	19,749	$1.213M	0.8%	$61.42	—	SBI MATERIALS	81369Y100
THD	ISHARES INC	9,830	$861K	0.6%	$82.81	—	MSCI THAILND ETF	464286624
IEI	ISHARES TR	5,651	$711K	0.5%	$125.17	—	3 7 YR TREAS BD	464288661
BND	VANGUARD BD INDEX FD INC	7,494	$628K	0.4%	$80.58	—	TOTAL BND MRKT	921937835
HYEM	VANECK VECTORS ETF TRUST	24,222	$575K	0.4%	$22.82	—	EMERGING MKTS HI	92189F353
PDBC	INVESCO ACTIVELY MANAGD ETF	28,513	$472K	0.3%	$15.20	—	OPTIMUM YIELD	46090F100
VWO	VANGUARD INTL EQUITY INDEX F	10,290	$458K	0.3%	$44.51	—	FTSE EMR MKT ETF	922042858
IJR	ISHARES TR	4,564	$383K	0.3%	$80.07	—	CORE S&P SCP ETF	464287804
IJH	ISHARES TR	1,794	$369K	0.2%	$197.94	—	CORE S&P MCP ETF	464287507
LQD	ISHARES TR	2,700	$346K	0.2%	$125.26	—	IBOXX INV CP ETF	464287242
FLRN	SPDR SERIES TRUST	11,085	$341K	0.2%	$30.72	—	BLOMBERG BRC INV	78468R200
SRLN	SSGA ACTIVE ETF TR	7,247	$338K	0.2%	$46.14	—	BLKSTN GSOSRLN	78467V608
VPL	VANGUARD INTL EQUITY INDEX F	4,762	$331K	0.2%	$69.51	—	FTSE PACIFIC ETF	922042866
VTI	VANGUARD INDEX FDS	1,629	$267K	0.2%	$163.90	—	TOTAL STK MKT	922908769
IEMG	ISHARES INC	4,758	$256K	0.2%	$53.80	—	CORE MSCI EMKT	46434G103
IWN	ISHARES TR	1,708	$220K	0.1%	$119.19	—	RUS 2000 VAL ETF	464287630
AGZ	ISHARES TR	1,806	$209K	0.1%	$112.14	—	AGENCY BOND ETF	464288166