Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVV	S&P500 ETF - iShares	243,023	$47.88M	14.7%	$167.68	—	COM	464287200
SPY	S&P500 Index ETF - SPDR	179,945	$35.22M	10.8%	$168.67	—	COM	78462F103
—	China ETF - iShares	459,406	$21.3M	6.5%	$45.79	—	COM	46429b671
—	Norway ETF - Global X	807,291	$14.55M	4.5%	$17.70	—	COM	37950E747
EIS	Israel ETF - iShares	243,284	$12.71M	3.9%	$52.32	—	COM	464286632
EIDO	Indonesia ETF - iShares	475,206	$12.54M	3.8%	$26.38	—	COM	46429B309
ACWI	All Country World Index ETF -	207,596	$12.51M	3.8%	$50.95	—	COM	464288257
TUR	Turkey ETF - iShares	189,718	$10.54M	3.2%	$55.56	—	COM	464286715
IWD	Russell 1000 Value Index ETF -	99,565	$10.08M	3.1%	$101.27	—	COM	464287598
—	EM High Yield Bond ETF - Marke	377,705	$9.975M	3.1%	$26.41	—	COM	57061R403
IXC	Global Energy ETF - iShares	185,100	$8.981M	2.8%	$48.52	—	COM	464287341
—	Japan Hedged Equity ETF - Wisd	171,430	$8.462M	2.6%	$49.43	—	COM	97717w851
—	United Kingdom ETF - iShares	403,571	$8.427M	2.6%	$17.72	—	COM	464286699
—	Global Long Short ETF - Adviso	340,681	$7.066M	2.2%	$22.06	—	COM	00768Y404
—	KBW Bank ETFs - Powershares	187,980	$6.88M	2.1%	$36.60	—	COM	73937B746
—	Info Tech ETF - Vanguard	70,665	$6.84M	2.1%	$89.63	—	COM	92204a702
WTRE	Global ex-US Real Estate ETF -	211,545	$6.363M	2.0%	$30.08	—	COM	97717W331
—	US Dollar Bullish ETF - Powers	293,465	$6.239M	1.9%	$21.45	—	COM	73936d107
EWY	Korea ETF - iShares	88,135	$5.731M	1.8%	$59.12	—	COM	464286772
INDY	India S&P India Index Fund ETF	194,791	$5.643M	1.7%	$25.88	—	COM	464289529
EWP	Spain ETF - iShares	129,367	$5.539M	1.7%	$42.82	—	COM	464286764
—	MSCI ACWI ETF - SPDR (London)	50,861	$5.039M	1.5%	$89.95	—	COM	IE00B44Z5
EWG	Germany ETF - iShares	155,217	$4.855M	1.5%	$24.77	—	COM	464286806
IGSB	Barclays 1-3 Yr Credit Bond ET	44,525	$4.705M	1.4%	$105.36	—	COM	464288646
—	Taiwan ETF - iShares	248,403	$3.925M	1.2%	$15.65	—	COM	464286731
LQD	Corporate Bond Fund ETF - iSha	31,985	$3.815M	1.2%	$113.62	—	COM	464287242
—	Italy ETF - iShares	142,893	$2.483M	0.8%	$17.38	—	COM	464286855
QAI	Multi-Strategy Tracker ETF - I	80,630	$2.418M	0.7%	$27.86	—	COM	45409B107
EWD	Sweden ETF - iShares	66,501	$2.346M	0.7%	$36.52	—	COM	464286756
SHY	Barclays 1-3 year Treasury ETF	26,549	$2.245M	0.7%	$84.50	—	COM	464287457
TLT	20+ yr Treasury ETF - iShares	17,840	$2.025M	0.6%	$113.51	—	COM	464287432
IEF	Barclays 7-10 Year Treasury ET	18,645	$1.931M	0.6%	$102.20	—	COM	464287440
—	Physical Paladium Shares ETF -	20,215	$1.661M	0.5%	$82.17	—	COM	26923A106
IEO	Explorers and Producers ETF -	17,000	$1.65M	0.5%	$85.06	—	COM	464288851
EZA	South Africa ETF - iShares	23,959	$1.646M	0.5%	$68.70	—	COM	464286780
IYG	U.S. Financial Services ETF -	16,500	$1.393M	0.4%	$84.89	—	COM	464287770
PFF	US Preferred Stock Index ETF -	32,210	$1.286M	0.4%	$39.93	—	COM	464288687
—	Natural Gas ETF - First Trust	52,770	$1.245M	0.4%	$23.59	—	COM	33734J102
AAPL	Apple Inc	11,830	$1.099M	0.3%	$17.54	+6.4%	COM	037833100
—	Goldcorp Inc New	39,130	$1.092M	0.3%	$27.91	—	COM	bbg000g2r
—	AUD Bond ETF - PIMCO	10,355	$1.023M	0.3%	$98.79	—	COM	72201R742
—	Australian Dollar ETF - Curren	10,575	$998K	0.3%	$94.37	—	COM	23129U101
—	Yamana Gold Inc.	120,100	$989K	0.3%	$8.76	—	COM	98462y100
—	Europe Alphadex ETF - First Tr	23,200	$805K	0.2%	$34.70	—	COM	33737j117
—	Senior Loan ETF - Powershares	30,650	$762K	0.2%	$24.87	—	COM	73936q769
—	Oil & Gas Equipment Service ET	14,700	$724K	0.2%	$49.25	—	COM	78464A748
GILD	Gilead Sciences Inc	8,300	$688K	0.2%	$54.08	0.0%	COM	375558103
XLK	Technology Select Sector ETF -	17,650	$677K	0.2%	$35.75	—	COM	81369Y803
BAC	Bank of America Corp	44,000	$676K	0.2%	$10.03	+22.1%	COM	060505104
—	Peritus High Yield ETF - Advis	12,074	$644K	0.2%	$51.65	—	COM	00768Y503
IYF	Dow Jones US Financial - iSha	6,600	$549K	0.2%	$83.18	—	COM	464287788
C	Citigroup Inc	11,120	$524K	0.2%	$37.46	-5.5%	COM	172967424
—	Macro Tracker ETF - Index IQ	19,390	$522K	0.2%	$25.91	—	COM	45409b206
IWM	Russell 2000 ETF - iShares	4,300	$511K	0.2%	$118.84	—	COM	464287655
—	Merger Arb ETF - Credit Suisse	25,395	$511K	0.2%	$20.59	—	COM	22542D845
EWC	Canada ETF - iShares	15,713	$506K	0.2%	$30.61	—	COM	464286509
—	Quanta Services Inc	13,400	$463K	0.1%	$33.21	—	COM	74762e102
—	US FEX Equity Large Cap ETF -	10,260	$455K	0.1%	$42.16	—	COM	33734k109
—	China ETF - First Trust	18,389	$397K	0.1%	$22.14	—	COM	33737j141
—	JPMorgan Chase & Co	6,540	$377K	0.1%	$59.20	—	COM	46625h100
—	RAFI Long/Short ETF - ProShare	8,745	$371K	0.1%	$42.02	—	COM	74347x310
WFC	Wells Fargo & Co New	6,463	$340K	0.1%	$36.31	0.0%	COM	949746101
XOM	Exxon Mobil Corp	3,225	$325K	0.1%	$53.69	+15.2%	COM	30231G102
—	Lions Gate Entertainment	10,750	$307K	0.1%	$28.56	—	COM	535919203
WTMF	Managed Futures ETF - Wisdomtr	6,307	$263K	0.1%	$41.57	—	COM	97717W125
EWQ	France ETF - iShares	8,013	$234K	0.1%	$29.20	—	COM	464286707
—	Currency Harvest ETF - Powersh	7,830	$204K	0.1%	$25.42	—	COM	73935y102
—	Glu Mobile Inc	40,700	$203K	0.1%	$4.99	—	COM	379890106
—	Hornbeck Offshore Services	3,986	$187K	0.1%	$46.91	—	COM	440543106
—	Xilinx Inc	3,850	$182K	0.1%	$47.27	—	COM	983919101
—	Hovnanian Enterprises Inc.	27,450	$141K	0.0%	$5.61	—	COM	442487203