FLOW TRADERS U.S. LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEFA	iShares Core MSCI EAFE ETF	4,233,720	$259,950	17.1%	$61.27	—	ETP	46432F842
HYG	iShares iBoxx High Yield Corpo	1,274,845	$111,141	7.3%	$87.09	—	ETP	464288513
EZU	iShares MSCI Eurozone ETF	2,112,333	$83,553	5.5%	$39.55	—	ETP	464286608
GSY	Invesco Ultra Short Duration E	1,432,379	$72,149	4.8%	$50.37	—	ETP	46090A887
EFA	iShares MSCI EAFE ETF	986,810	$64,863	4.3%	$64.86	—	ETP	464287465
MINT	PIMCO Enhanced Short Maturity	602,016	$61,255	4.0%	$101.48	—	ETP	72201R833
GBIL	Goldman Sachs Access Treasury	553,904	$55,590	3.7%	$100.36	—	ETP	381430529
VOO	Vanguard S&P 500 ETF	200,677	$54,012	3.6%	$267.59	—	ETP	922908363
ACWX	iShares MSCI ACWI ex US ETF	873,162	$40,829	2.7%	$46.68	—	ETP	464288240
IXUS	iShares Core MSCI Total Intern	411,905	$24,154	1.6%	$58.64	—	ETP	46432F834
BSV	Vanguard Short-Term Bond ETF	279,415	$22,501	1.5%	$80.53	—	ETP	921937827
IEMG	iShares Core MSCI Emerging Mar	432,863	$22,266	1.5%	$51.36	—	ETP	46434G103
BBUS	JPMorgan BetaBuilders US Equit	396,808	$20,965	1.4%	$50.96	—	ETP	46641Q399
NEAR	iShares Short Maturity Bond ET	379,939	$19,122	1.3%	$50.21	—	ETP	46431W507
VPL	Vanguard FTSE Pacific ETF	282,685	$18,680	1.2%	$65.86	—	ETP	922042866
TFI	SPDR Nuveen Bloomberg Barclays	369,211	$18,512	1.2%	$50.07	—	ETP	78468R721
SHV	iShares Short Treasury Bond ET	146,094	$16,165	1.1%	$110.57	—	ETP	464288679
BIL	SPDR Bloomberg Barclays 1-3 Mo	172,343	$15,788	1.0%	$91.60	—	ETP	78468R663
PCY	Invesco Emerging Markets Sover	536,771	$15,588	1.0%	$29.04	—	ETP	46138E784
VGIT	Vanguard Intermediate-Term Tre	234,178	$15,449	1.0%	$65.74	—	ETP	92206C706
URTH	iShares MSCI World ETF	164,698	$14,990	1.0%	$89.73	—	ETP	464286392
DBJP	Xtrackers MSCI Japan Hedged Eq	345,847	$13,166	0.9%	$40.67	—	ETP	233051507
IEF	iShares 7-10 Year Treasury Bon	110,743	$12,184	0.8%	$107.87	—	ETP	464287440
SPTL	SPDR Portfolio Long Term Treas	303,771	$11,592	0.8%	$38.16	—	ETP	78464A664
IWD	iShares Russell 1000 Value ETF	82,006	$10,433	0.7%	$126.34	—	ETP	464287598
VSGX	Vanguard ESG International Sto	190,252	$9,497	0.6%	$50.03	—	ETP	921910725
TBLL	Invesco Treasury Collateral ET	89,807	$9,483	0.6%	$105.59	—	ETP	46138G888
SHM	SPDR Nuveen Bloomberg Barclays	191,548	$9,372	0.6%	$48.93	—	ETP	78468R739
VT	Vanguard Total World Stock ETF	107,847	$8,106	0.5%	$73.17	—	ETP	922042742
TLT	iShares 20 Year Treasury Bond	58,711	$7,797	0.5%	$126.44	—	ETP	464287432
XLK	Technology Select Sector SPDR	99,809	$7,789	0.5%	$78.04	—	ETP	81369Y803
VGK	Vanguard FTSE Europe ETF	132,716	$7,286	0.5%	$54.96	—	ETP	922042874
EWZ	iShares MSCI Brazil ETF	164,423	$7,189	0.5%	$40.99	—	ETP	464286400
EWU	iShares MSCI United Kingdom ET	221,653	$7,164	0.5%	$32.32	—	ETP	46435G334
IWF	iShares Russell 1000 Growth ET	44,388	$6,984	0.5%	$157.34	—	ETP	464287614
JPIN	JPMorgan Diversified Return In	127,569	$6,947	0.5%	$53.15	—	ETP	46641Q209
EEMA	iShares MSCI Emerging Markets	98,989	$6,549	0.4%	$66.16	—	ETP	464286426
EPP	iShares MSCI Pacific ex Japan	138,433	$6,538	0.4%	$47.23	—	ETP	464286665
FEZ	SPDR EURO STOXX 50 ETF	170,708	$6,538	0.4%	$35.68	—	ETP	78463X202
DBEM	Xtrackers MSCI Emerging Market	290,349	$6,504	0.4%	$22.52	—	ETP	233051101
GLD	SPDR Gold Shares	47,028	$6,264	0.4%	$126.09	—	ETP	78463V107
EWN	iShares MSCI Netherlands ETF	201,720	$6,221	0.4%	$29.41	—	ETP	464286814
GLOF	iShares Edge MSCI Multifactor	210,502	$6,163	0.4%	$28.71	—	ETP	46434V316
VGSH	Vanguard Short-Term Treasury E	100,897	$6,148	0.4%	$60.83	—	ETP	92206C102
DXJ	WisdomTree Japan Hedged Equity	114,791	$5,590	0.4%	$48.58	—	ETP	97717W851
HYLB	Xtrackers USD High Yield Corpo	110,935	$5,568	0.4%	$49.81	—	ETP	233051432
TFLO	iShares Treasury Floating Rate	110,581	$5,563	0.4%	$50.30	—	ETP	46434V860
—	iShares iBonds 2025 Term High	202,094	$5,120	0.3%	$25.33	—	ETP	46435U168
GXC	SPDR S&P China ETF	52,882	$5,055	0.3%	$98.45	—	ETP	78463X400
CWI	SPDR MSCI ACWI ex-US ETF	132,875	$4,873	0.3%	$36.44	—	ETP	78463X848
—	iShares iBonds 2024 Term High	189,753	$4,826	0.3%	$25.43	—	ETP	46435U184
EWL	iShares MSCI Switzerland ETF	125,796	$4,725	0.3%	$36.58	—	ETP	464286749
FLRN	SPDR Bloomberg Barclays Invest	149,001	$4,579	0.3%	$30.73	—	ETP	78468R200
JPXN	iShares JPX Nikkei 400 Index E	76,709	$4,489	0.3%	$58.64	—	ETP	464287382
VTIP	Vanguard Short-Term Inflation-	89,824	$4,430	0.3%	$49.32	—	ETP	922020805
TLH	iShares 10-20 Year Treasury Bo	30,732	$4,398	0.3%	$143.11	—	ETP	464288653
—	Xtrackers MSCI Germany Hedged	163,815	$4,333	0.3%	$25.35	—	ETP	233051408
ULST	SPDR SSgA Ultra Short Term Bon	106,357	$4,300	0.3%	$40.41	—	ETP	78467V707
—	JPMorgan U.S. Aggregate Bond E	162,645	$4,284	0.3%	$26.02	—	ETP	46641Q613
PULS	PGIM Ultra Short Bond ETF	82,668	$4,147	0.3%	$50.16	—	ETP	69344A107
—	JPMorgan BetaBuilders Japan ET	170,605	$3,892	0.3%	$22.78	—	ETP	46641Q712
—	Invesco FTSE International Low	137,723	$3,869	0.3%	$28.12	—	ETP	46138E768
TDTT	FlexShares iBoxx 3-Year Target	155,862	$3,848	0.3%	$24.69	—	ETP	33939L506
—	iShares iBonds 2023 Term High	149,407	$3,765	0.2%	$25.20	—	ETP	46435U150
SCHF	Schwab International Equity ET	115,989	$3,722	0.2%	$31.76	—	ETP	808524805
—	Citigroup Inc	243,482	$3,589	0.2%	$14.14	—	ETP	17325E291
FTSL	First Trust Senior Loan ETF	75,992	$3,581	0.2%	$47.12	—	ETP	33738D309
—	Royal Dutch Shell PLC	54,480	$3,545	0.2%	$62.75	—	ADR	780259206
SHY	iShares 1-3 Year Treasury Bond	41,268	$3,499	0.2%	$84.12	—	ETP	464287457
VEU	Vanguard FTSE All-World ex-US	62,733	$3,199	0.2%	$50.99	—	ETP	922042775
HYGH	iShares Interest Rate Hedged H	35,760	$3,172	0.2%	$88.76	—	ETP	46431W606
GHYB	Goldman Sachs Access High Yiel	63,987	$3,157	0.2%	$49.34	—	ETP	381430453
—	United States Oil Fund LP	259,153	$3,120	0.2%	$11.92	—	ETP	91232N108
FLTB	Fidelity Ltd Term Bond ETF	60,890	$3,088	0.2%	$50.67	—	ETP	316188200
DBEZ	Xtrackers MSCI Eurozone Hedged	100,499	$3,070	0.2%	$29.76	—	ETP	233051697
DIA	SPDR Dow Jones Industrial Aver	11,396	$3,030	0.2%	$260.01	—	ETP	78467X109
IJH	iShares Core S&P Mid-Cap ETF	15,483	$3,008	0.2%	$194.28	—	ETP	464287507
BKF	iShares MSCI BRIC ETF	68,127	$2,891	0.2%	$42.44	—	ETP	464286657
—	iShares iBonds 2022 Term High	108,484	$2,732	0.2%	$25.18	—	ETP	46435U176
SUB	iShares Short-Term National Mu	25,523	$2,719	0.2%	$106.05	—	ETP	464288158
—	iShares iBonds 2021 Term High	107,783	$2,711	0.2%	$25.15	—	ETP	46435U226
TIPX	SPDR Bloomberg Barclays 1-10 Y	136,608	$2,675	0.2%	$19.58	—	ETP	78468R861
PXH	Invesco FTSE RAFI Emerging Mar	119,972	$2,591	0.2%	$21.57	—	ETP	46138E727
—	Xtrackers Japan JPX-Nikkei 400	95,739	$2,534	0.2%	$26.59	—	ETP	233051663
SPIP	SPDR Bloomberg Barclays TIPS E	43,859	$2,482	0.2%	$54.48	—	ETP	78464A656
HEWJ	iShares Currency Hedged MSCI J	79,770	$2,420	0.2%	$30.03	—	ETP	46434V886
SVXY	ProShares Short VIX Short-Term	42,012	$2,263	0.1%	$53.87	—	ETP	74347W130
ICSH	iShares Ultra Short-Term Bond	44,636	$2,249	0.1%	$50.39	—	ETP	46434V878
HYS	PIMCO 0-5 Year High Yield Corp	22,315	$2,240	0.1%	$100.38	—	ETP	72201R783
VXUS	Vanguard Total International S	42,146	$2,223	0.1%	$51.90	—	ETP	921909768
EMTL	SPDR DoubleLine Emerging Marke	43,382	$2,221	0.1%	$49.92	—	ETP	78470P309
IEUR	iShares Core MSCI Europe ETF	46,146	$2,150	0.1%	$45.99	—	ETP	46434V738
STIP	iShares 0-5 Year TIPS Bond ETF	21,255	$2,138	0.1%	$98.79	—	ETP	46429B747
TDTF	FlexShares iBoxx 5-Year Target	82,498	$2,105	0.1%	$24.13	—	ETP	33939L605
DBAW	Xtrackers MSCI All World ex US	76,078	$2,081	0.1%	$25.14	—	ETP	233051820
MDY	SPDR S&P MidCap 400 ETF Trust	5,720	$2,028	0.1%	$345.38	—	ETP	78467Y107
FCOR	Fidelity Corporate Bond ETF	38,248	$1,980	0.1%	$51.77	—	ETP	316188101
BIV	Vanguard Intermediate-Term Bon	22,472	$1,944	0.1%	$86.51	—	ETP	921937819
LMBS	First Trust Low Duration Oppor	37,128	$1,919	0.1%	$51.69	—	ETP	33739Q200
SRLN	SPDR Blackstone / GSO Senior L	40,541	$1,874	0.1%	$46.08	—	ETP	78467V608
IGIB	iShares Intermediate-Term Corp	32,317	$1,840	0.1%	$56.94	—	ETP	464288638
JMUB	JPMorgan Municipal ETF	33,237	$1,778	0.1%	$53.08	—	ETP	46641Q647
IEUS	iShares MSCI Europe Small-Cap	34,382	$1,723	0.1%	$50.25	—	ETP	464288497
SPEM	SPDR Portfolio Emerging Market	46,838	$1,676	0.1%	$32.36	—	ETP	78463X509
ISCF	iShares Edge MSCI Multifactor	57,044	$1,652	0.1%	$29.00	—	ETP	46434V266
GTIP	Goldman Sachs Access Inflation	31,532	$1,643	0.1%	$51.74	—	ETP	381430362
SHYG	iShares 0-5 Year High Yield Co	33,931	$1,585	0.1%	$44.85	—	ETP	46434V407
—	iShares Currency Hedged MSCI U	64,694	$1,582	0.1%	$24.18	—	ETP	46435G862
BBHY	JPMorgan Disciplined High Yiel	30,933	$1,581	0.1%	$50.38	—	ETP	46641Q878
—	Bank of Montreal	44,011	$1,579	0.1%	$35.88	—	ETP	063679872
VRIG	Invesco Variable Rate Investme	62,699	$1,559	0.1%	$24.79	—	ETP	46090A879
QHY	WisdomTree Fundamental US High	29,216	$1,499	0.1%	$51.31	—	ETP	97717X172
DNL	WisdomTree Global ex-US Qualit	25,776	$1,483	0.1%	$57.53	—	ETP	97717W844
EFV	iShares MSCI EAFE Value ETF	29,575	$1,422	0.1%	$48.08	—	ETP	464288877
IEV	iShares Europe ETF	31,841	$1,403	0.1%	$41.44	—	ETP	464287861
—	iShares Gold Trust	103,681	$1,400	0.1%	$12.93	—	ETP	464285105
FEP	First Trust Europe AlphaDEX Fu	38,726	$1,366	0.1%	$34.96	—	ETP	33737J117
PFXF	VanEck Vectors Preferred Secur	68,917	$1,363	0.1%	$19.41	—	ETP	92189F429
—	Credit Suisse AG/Nassau	82,027	$1,345	0.1%	$16.40	—	ETP	22539T217
—	JPMorgan BetaBuilders Canada E	53,682	$1,336	0.1%	$24.59	—	ETP	46641Q696
HYXF	iShares iBoxx $ High Yield ex	25,815	$1,330	0.1%	$51.52	—	ETP	46435G441
OPPJ	WisdomTree Japan Hedged SmallC	35,173	$1,321	0.1%	$37.56	—	ETP	97717W521
RAVI	FlexShares Ready Access Variab	17,267	$1,308	0.1%	$75.75	—	ETP	33939L886
HEEM	iShares Currency Hedged MSCI E	50,450	$1,285	0.1%	$24.58	—	ETP	46434G509
—	BHP Group PLC	24,950	$1,275	0.1%	$42.52	—	ADR	05545E209
TLTE	FlexShares Morningstar Emergin	24,497	$1,270	0.1%	$51.84	—	ETP	33939L308
—	Citigroup Inc	189,162	$1,248	0.1%	$10.95	—	ETP	17325E309
—	iShares iBonds Sep 2019 Term M	48,997	$1,246	0.1%	$25.44	—	ETP	46429B564
SEIX	Virtus Seix Senior Loan ETF	48,327	$1,204	0.1%	$24.91	—	ETP	92790A405
SPTI	SPDR Bloomberg Barclays Interm	19,091	$1,180	0.1%	$59.55	—	ETP	78464A672
RFEM	First Trust RiverFront Dynamic	18,960	$1,169	0.1%	$61.66	—	ETP	33739P707
FBND	Fidelity Total Bond ETF	22,357	$1,141	0.1%	$51.04	—	ETP	316188309
QEFA	SPDR MSCI EAFE StrategicFactor	18,085	$1,141	0.1%	$60.05	—	ETP	78463X434
—	Invesco CurrencyShares Swedish	11,358	$1,136	0.1%	$105.58	—	ETP	46138V109
EET	ProShares Ultra MSCI Emerging	15,552	$1,134	0.1%	$73.46	—	ETP	74347X302
EWD	iShares MSCI Sweden ETF	36,553	$1,127	0.1%	$28.41	—	ETP	464286756
SCHR	Schwab Intermediate-Term U.S.	20,263	$1,114	0.1%	$52.04	—	ETP	808524854
GOVT	iShares US Treasury Bond ETF	43,032	$1,111	0.1%	$25.39	—	ETP	46429B267
FMB	First Trust Managed Municipal	19,798	$1,084	0.1%	$54.75	—	ETP	33739N108
EWS	iShares MSCI Singapore ETF	41,358	$1,022	0.1%	$24.71	—	ETP	46434G780
INDA	iShares MSCI India ETF	28,648	$1,011	0.1%	$35.29	—	ETP	46429B598
IDV	iShares International Select D	32,772	$1,007	0.1%	$30.73	—	ETP	464288448
—	SPDR Gold MiniShares Trust	70,094	$988	0.1%	$13.53	—	ETP	98149E204
—	Invesco BulletShares 2019 High	40,240	$964	0.1%	$24.00	—	ETP	46138J403
—	iShares iBonds Sep 2020 Term M	37,611	$961	0.1%	$25.55	—	ETP	46434V571
—	Xtrackers Russell 2000 Compreh	28,047	$934	0.1%	$35.25	—	ETP	233051440
—	WisdomTree WisdomTree Negative	47,663	$912	0.1%	$19.95	—	ETP	97717W398
IPAC	iShares Core MSCI Pacific ETF	16,346	$910	0.1%	$55.67	—	ETP	46434V696
XLE	Energy Select Sector SPDR Fund	13,951	$889	0.1%	$63.72	—	ETP	81369Y506
XPP	ProShares Ultra FTSE China 50	13,147	$876	0.1%	$66.63	—	ETP	74347X880
VCSH	Vanguard Short-Term Corporate	10,495	$847	0.1%	$80.71	—	ETP	92206C409
—	Xtrackers MSCI South Korea Hed	32,054	$844	0.1%	$25.59	—	ETP	233051812
DGP	Deutsche Bank AG/London	29,362	$800	0.1%	$27.25	—	ETP	25154H749
—	WisdomTree Germany Hedged Equi	26,776	$791	0.1%	$29.54	—	ETP	97717W448
—	Bank of Montreal	17,496	$768	0.1%	$43.90	—	ETP	063679781
ITM	VanEck Vectors AMT-Free Interm	15,337	$763	0.1%	$49.75	—	ETP	92189H201
SSO	ProShares Ultra S&P500	5,993	$755	0.0%	$92.83	—	ETP	74347R107
SPHY	SPDR ICE BofAML Broad High Yie	28,562	$747	0.0%	$25.30	—	ETP	78468R606
UBR	ProShares Ultra MSCI Brazil Ca	9,407	$743	0.0%	$65.55	—	ETP	74347B490
QQQ	Invesco QQQ Trust Series 1	3,962	$740	0.0%	$186.77	—	ETP	46090E103
—	SPDR EURO STOXX Small Cap ETF	12,385	$718	0.0%	$53.19	—	ETP	78463X392
SJNK	SPDR Bloomberg Barclays Short	26,229	$714	0.0%	$27.22	—	ETP	78468R408
—	iShares Currency Hedged JPX-Ni	26,178	$712	0.0%	$28.57	—	ETP	46435G722
—	iShares MSCI Russia ETF	18,025	$710	0.0%	$39.39	—	ETP	46434G798
SLQD	iShares 0-5 Year Investment Gr	13,807	$704	0.0%	$50.40	—	ETP	46434V100
—	Credit Suisse AG/Nassau	4,351	$693	0.0%	$118.32	—	ETP	22542D282
HEZU	iShares Currency Hedged MSCI E	22,517	$692	0.0%	$30.03	—	ETP	46434V639
—	Invesco DB Gold Fund	15,805	$682	0.0%	$43.15	—	ETP	46140H601
PGX	Invesco Preferred ETF	46,448	$680	0.0%	$14.64	—	ETP	46138E511
—	iShares Currency Hedged MSCI S	22,963	$676	0.0%	$28.21	—	ETP	46435G870
DRSK	Aptus Defined Risk ETF	24,722	$675	0.0%	$27.30	—	ETP	26922A388
DAX	Global X Dax Germany ETF	25,282	$670	0.0%	$24.69	—	ETP	37954Y491
RWX	SPDR Dow Jones International R	17,300	$670	0.0%	$38.73	—	ETP	78463X863
SHYL	Xtrackers Short Duration High	13,372	$659	0.0%	$48.77	—	ETP	233051283
—	iShares Currency Hedged MSCI G	22,978	$635	0.0%	$27.64	—	ETP	46434V704
—	Credit Suisse AG/Nassau	8,293	$608	0.0%	$73.31	—	ETP	22542D829
AAXJ	iShares MSCI All Country Asia	8,625	$602	0.0%	$70.69	—	ETP	464288182
—	Invesco Russell 1000 Enhanced	21,285	$601	0.0%	$28.24	—	ETP	46138E438
PXF	Invesco FTSE RAFI Developed Ma	14,165	$576	0.0%	$40.50	—	ETP	46138E743
IGSB	iShares Short-Term Corporate B	10,607	$567	0.0%	$53.46	—	ETP	464288646
FPE	First Trust Preferred Securiti	28,800	$558	0.0%	$19.38	—	ETP	33739E108
—	iShares iBonds Dec 2024 Term M	21,053	$553	0.0%	$26.27	—	ETP	46435U697
IXN	iShares Global Tech ETF	3,031	$544	0.0%	$179.48	—	ETP	464287291
SPXL	Direxion Daily S&P 500 Bull 3X	10,538	$541	0.0%	$47.17	—	ETP	25459W862
—	United States 3x Short Oil Fun	105,059	$540	0.0%	$6.80	—	ETP	91733T406
SCJ	iShares MSCI Japan Small-Cap E	7,867	$539	0.0%	$69.54	—	ETP	464286582
—	Invesco BulletShares 2020 High	21,878	$527	0.0%	$24.09	—	ETP	46138J601
—	Invesco CurrencyShares Singapo	7,082	$514	0.0%	$72.28	—	ETP	46138Y103
TLK	Telekomunikasi Indonesia Perse	17,055	$499	0.0%	$29.26	—	ADR	715684106
—	ProShares UltraPro Short QQQ	14,128	$497	0.0%	$35.18	—	ETP	74347G408
—	JPMorgan BetaBuilders Europe E	20,604	$497	0.0%	$24.12	—	ETP	46641Q720
PSK	SPDR Wells Fargo Preferred Sto	11,511	$497	0.0%	$42.94	—	ETP	78464A292
IVLU	iShares Edge MSCI Internationa	20,898	$482	0.0%	$22.46	—	ETP	46435G409
TIPZ	PIMCO Broad U.S. TIPS Index Ex	8,058	$479	0.0%	$56.48	—	ETP	72201R403
—	Invesco CurrencyShares Chinese	6,717	$477	0.0%	$73.61	—	ETP	46138X105
—	Direxion Daily Russia Bull 3x	8,661	$467	0.0%	$41.81	—	ETP	25490K273
VIXM	ProShares VIX Mid-Term Futures	21,527	$466	0.0%	$21.65	—	ETP	74347W338
DBP	Invesco DB Precious Metals Fun	12,000	$465	0.0%	$36.43	—	ETP	46140H502
—	WisdomTree Floating Rate Treas	18,106	$454	0.0%	$25.06	—	ETP	97717X628
DLS	WisdomTree International Small	6,927	$450	0.0%	$64.19	—	ETP	97717W760
—	United States Natural Gas Fund	22,325	$444	0.0%	$22.80	—	ETP	912318300
GMF	SPDR S&P Emerging Asia Pacific	4,539	$444	0.0%	$94.96	—	ETP	78463X301
—	Highland/iBoxx Senior Loan ETF	25,132	$441	0.0%	$17.61	—	ETP	430101774
—	Credit Suisse AG/Nassau	12,321	$437	0.0%	$35.47	—	ETP	22542D670
ELD	WisdomTree Emerging Markets Lo	12,340	$436	0.0%	$33.22	—	ETP	97717X867
SYSB	iShares Edge U.S. Fixed Income	4,239	$428	0.0%	$99.66	—	ETP	46435U796
RWM	ProShares Short Russell2000	10,364	$413	0.0%	$39.85	—	ETP	74348A210
—	iShares iBonds Dec 2021 Term M	15,826	$408	0.0%	$25.78	—	ETP	46435G789
IMVP	Invesco India Exchange-Traded	16,108	$407	0.0%	$25.32	—	ETP	46137R109
FEMS	First Trust Emerging Markets S	11,284	$397	0.0%	$35.59	—	ETP	33737J307
JPEM	JPMorgan Diversified Return Em	6,987	$389	0.0%	$55.67	—	ETP	46641Q308
BNDX	Vanguard Total International B	6,679	$383	0.0%	$55.79	—	ETP	92203J407
ISTB	iShares Core 1-5 Year USD Bond	7,538	$380	0.0%	$50.41	—	ETP	46432F859
—	Global X MSCI Next Emerging &	17,878	$376	0.0%	$21.03	—	ETP	37950E218
IHDG	WisdomTree International Hedge	11,282	$369	0.0%	$27.82	—	ETP	97717X594
—	Invesco BulletShares 2019 Corp	17,389	$367	0.0%	$21.07	—	ETP	46138J304
—	Invesco Russell 1000 Low Beta	11,175	$366	0.0%	$32.75	—	ETP	46138E412
—	Direxion Daily Small Cap Bear	7,745	$353	0.0%	$45.58	—	ETP	25460E125
IPKW	Invesco International BuyBack	10,977	$350	0.0%	$31.88	—	ETP	46138E644
—	PIMCO 1-3 Year U.S. Treasury I	6,756	$344	0.0%	$50.45	—	ETP	72201R106
RVNU	Xtrackers Municipal Infrastruc	11,943	$331	0.0%	$27.71	—	ETP	233051705
GGME	Invesco Dynamic Media ETF	9,880	$328	0.0%	$33.20	—	ETP	46137V696
—	Bank of Montreal	6,409	$325	0.0%	$50.71	—	ETP	063679831
FJP	First Trust Japan AlphaDEX Fun	6,677	$322	0.0%	$48.23	—	ETP	33737J158
MFEM	PIMCO RAFI Dynamic Multi-Facto	13,272	$320	0.0%	$24.11	—	ETP	72202L389
OPPE	Wisdomtree Europe Hedged Small	10,395	$314	0.0%	$27.59	—	ETP	97717X552
LKOR	FlexShares Credit-Scored US Lo	5,637	$311	0.0%	$55.17	—	ETP	33939L753
—	ProShares UltraShort Bloomberg	9,882	$302	0.0%	$21.23	—	ETP	74347W387
GOVI	Invesco 1-30 Laddered Treasury	8,817	$300	0.0%	$32.85	—	ETP	46138E107
NFLT	Virtus Newfleet Multi-Sector B	12,233	$299	0.0%	$24.18	—	ETP	26923G707
DFE	WisdomTree Europe SmallCap Div	5,031	$294	0.0%	$58.44	—	ETP	97717W869
EUDG	WisdomTree Europe Quality Divi	11,200	$290	0.0%	$25.74	—	ETP	97717X610
—	ProShares UltraPro 3x Short Cr	14,274	$289	0.0%	$20.25	—	ETP	74347Y805
—	UBS AG/London	20,496	$288	0.0%	$14.05	—	ETP	90274E117
—	ProShares Short FTSE China 50	15,308	$287	0.0%	$18.75	—	ETP	74347X658
—	ProShares Ultra VIX Short-Term	9,024	$284	0.0%	$36.80	—	ETP	74347W148
HAWX	iShares Currency Hedged MSCI A	10,442	$283	0.0%	$26.37	—	ETP	46435G847
—	ProShares Ultra Bloomberg Crud	14,328	$277	0.0%	$19.33	—	ETP	74347W247
—	IQ S&P High Yield Low Volatili	10,715	$269	0.0%	$25.10	—	ETP	45409B412
DWX	SPDR S&P International Dividen	6,813	$268	0.0%	$39.34	—	ETP	78463X772
—	ProShares UltraPro Short Russe	11,469	$268	0.0%	$25.03	—	ETP	74348A152
—	JPMorgan BetaBuilders 1-5 Year	10,285	$262	0.0%	$25.15	—	ETP	46641Q381
HYLS	First Trust Exchange-Traded Fu	5,320	$256	0.0%	$48.12	—	ETP	33738D408
—	iShares iBonds Dec 2025 Term M	9,502	$256	0.0%	$26.94	—	ETP	46435U432
UCON	First Trust Tcw Unconstrained	9,962	$256	0.0%	$25.70	—	ETP	33740F888
—	ProShares Short MSCI Emerging	13,838	$253	0.0%	$18.28	—	ETP	74347R396
SPFF	Global X SuperIncome Preferred	21,563	$251	0.0%	$11.64	—	ETP	37950E333
EDC	Direxion Daily Emerging Market	3,189	$249	0.0%	$78.08	—	ETP	25490K281
AZN	AstraZeneca PLC	6,000	$248	0.0%	$40.53	—	ADR	046353108
DEEF	Xtrackers FTSE Developed ex US	8,700	$240	0.0%	$25.08	—	ETP	233051515
—	Bank of Montreal	4,799	$237	0.0%	$49.39	—	ETP	063679757
DGZ	Deutsche Bank AG/London	17,907	$237	0.0%	$14.17	—	ETP	25154H731
—	Bank of Montreal	4,898	$236	0.0%	$48.18	—	ETP	063679815
BAC	Bank of America Corp	8,151	$236	0.0%	$24.50	0.0%	Common Stock	060505104
C	Citigroup Inc	3,264	$229	0.0%	$52.89	0.0%	Common Stock	172967424
ILF	iShares Latin America 40 ETF	6,592	$222	0.0%	$33.68	—	ETP	464287390
GEM	Goldman Sachs ActiveBeta Emerg	6,751	$222	0.0%	$30.36	—	ETP	381430206
NVS	Novartis AG	2,392	$218	0.0%	$96.18	—	ADR	66987V109
FDT	First Trust Developed Markets	3,960	$214	0.0%	$54.37	—	ETP	33737J174
—	Deutsche Bank AG/London	3,991	$210	0.0%	$85.26	—	ETP	25154K809
—	United States 3x Oil Fund	7,773	$209	0.0%	$26.89	—	ETP	91733T307
MS	Morgan Stanley	4,757	$208	0.0%	$36.28	0.0%	Common Stock	617446448
—	iShares iBonds Mar 2020 Term C	7,893	$206	0.0%	$26.10	—	ETP	46432FBC0
SPUU	Direxion Daily S&P 500 Bull 2X	3,679	$205	0.0%	$52.35	—	ETP	25459Y165
IDEV	iShares Core MSCI Internationa	3,718	$204	0.0%	$54.15	—	ETP	46435G326
GSCE	GS Finance Corp	8,811	$202	0.0%	$23.61	—	ETP	38144L852
JPM	JPMorgan Chase & Co	1,794	$201	0.0%	$92.02	0.0%	Common Stock	46625H100
—	iShares Currency Hedged MSCI I	10,374	$180	0.0%	$17.35	—	ETP	46435G821
—	ProShares UltraShort Bloomberg	10,194	$175	0.0%	$13.51	—	ETP	74347W668
—	UBS AG/London	22,793	$166	0.0%	$7.28	—	ETP	90274E125
—	iShares International Preferre	10,502	$159	0.0%	$15.14	—	ETP	46429B135
DZZ	Deutsche Bank AG/London	32,289	$158	0.0%	$5.81	—	ETP	25154H756