Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S&P500 Index ETF - SPDR	334,728	$68.8M	14.7%	$205.17	—	COM	78462F103
—	US Equity Large Cap ETF - Firs	901,680	$41.14M	8.8%	$44.90	—	COM	33734k109
—	MSCI ACWI ETF - SPDR (London)	387,122	$38M	8.1%	$98.15	—	COM	IE00B44Z5
ACWI	All Country World Index ETF -	643,086	$37.62M	8.1%	$56.05	—	COM	464288257
—	Japan Hedged Equity ETF - Wisd	529,308	$26.06M	5.6%	$50.49	—	COM	97717w851
HEDJ	Europe Hedged Equity ETF - Wis	291,160	$16.19M	3.5%	$55.62	—	COM	97717X701
EWD	Sweden ETF - iShares	428,644	$13.57M	2.9%	$33.62	—	COM	464286756
IVV	S&P500 ETF - iShares	64,404	$13.32M	2.9%	$171.18	—	COM	464287200
—	US Dollar Bullish ETF - Powers	547,610	$13.13M	2.8%	$23.21	—	COM	73936d107
—	China ETF - First Trust	547,152	$12.4M	2.7%	$22.66	—	COM	33737j141
—	GLG Flexible Bond Fund	107,162	$12.02M	2.6%	$112.15	—	COM	LU0851822
EIS	Israel ETF - iShares	229,692	$10.74M	2.3%	$47.25	—	COM	464286632
—	Taiwan ETF - iShares	672,238	$10.16M	2.2%	$15.33	—	COM	464286731
QAI	Multi-Strategy Tracker ETF - I	338,990	$9.963M	2.1%	$29.16	—	COM	45409B107
THD	Thailand ETF - iShares	123,896	$9.597M	2.1%	$78.99	—	COM	464286624
—	EM Sovereign Debt ETF - Powers	332,180	$9.354M	2.0%	$28.24	—	COM	73936T573
—	Global Long Short ETF - Adviso	399,778	$7.972M	1.7%	$21.76	—	COM	00768Y404
—	QQQ Trust ETF - Powershares	75,000	$7.744M	1.7%	$98.79	—	COM	73935A104
—	High Yield Muni ETF - Market V	246,220	$7.596M	1.6%	$30.85	—	COM	57060U878
TUR	Turkey ETF - iShares	139,352	$7.568M	1.6%	$53.81	—	COM	464286715
EWC	Canada ETF - iShares	211,610	$6.107M	1.3%	$28.86	—	COM	464286509
—	United Kingdom ETF - First Tru	123,738	$4.864M	1.0%	$38.93	—	COM	33737j224
—	China ETF - iShares	96,224	$4.833M	1.0%	$45.79	—	COM	46429b671
AAPL	Apple Inc	38,498	$4.249M	0.9%	$22.02	+9.4%	COM	037833100
—	Brazil Hedged ETF - Deutsche B	307,632	$3.954M	0.8%	$12.85	—	COM	233051309
EWY	Korea ETF - iShares	65,072	$3.598M	0.8%	$58.83	—	COM	464286772
FXH	Health Care AlphaDEX ETF - Fir	58,190	$3.508M	0.8%	$55.79	—	COM	33734X143
EIDO	Indonesia ETF - iShares	122,810	$3.37M	0.7%	$26.72	—	COM	46429B309
INDY	India ETF - iShares	85,932	$2.569M	0.6%	$25.88	—	COM	464289529
—	Norway ETF - Global X	211,240	$2.52M	0.5%	$17.51	—	COM	37950E747
—	Investec Global Strategic Fund	51,560	$1.975M	0.4%	$38.30	—	COM	LU0426412
—	JPMorgan Chase & Co	29,398	$1.84M	0.4%	$62.03	—	COM	46625h100
BAC	Bank of America Corp	88,000	$1.574M	0.3%	$11.79	+15.0%	COM	060505104
—	Senior Loan ETF - Powershares	60,740	$1.46M	0.3%	$24.46	—	COM	73936q769
—	Nabors Industries Ltd (USD)	111,530	$1.448M	0.3%	$12.98	—	COM	g6359f103
LEA	Lear Corp.	14,530	$1.425M	0.3%	$75.60	0.0%	COM	521865204
MU	Micron Technology Inc	40,200	$1.407M	0.3%	$32.30	0.0%	COM	595112103
—	Discover Financial SVCS	21,328	$1.397M	0.3%	$65.50	—	COM	254709108
—	EOG Resources Inc	15,150	$1.395M	0.3%	$92.08	—	COM	26875p101
EL	Estee Lauder Companies Inc.	18,264	$1.392M	0.3%	$64.09	0.0%	COM	518439104
—	Facebook Inc	17,460	$1.362M	0.3%	$78.01	—	COM	30303m102
EWW	Mexico ETF - iShares	22,756	$1.351M	0.3%	$68.73	—	COM	464286822
—	RAFI Long/Short ETF - ProShare	31,560	$1.33M	0.3%	$42.09	—	COM	74347x310
—	Actavis PLC	5,154	$1.327M	0.3%	$257.47	—	COM	097252718
—	Google Inc Class A	2,450	$1.3M	0.3%	$530.61	—	COM	38259p508
HAL	Halliburton Co Holdings Co	32,842	$1.292M	0.3%	$39.28	0.0%	COM	406216101
EWZ	Brazil ETF - iShares	35,256	$1.289M	0.3%	$43.45	—	COM	464286400
URI	United Rentals Inc	12,640	$1.289M	0.3%	$103.79	0.0%	COM	911363109
GILD	Gilead Sciences Inc	13,084	$1.233M	0.3%	$71.85	0.0%	COM	375558103
IYF	Dow Jones US Financial ETF - i	13,200	$1.191M	0.3%	$86.70	—	COM	464287788
XLV	Healthcare ETF - SPDR	17,360	$1.187M	0.3%	$68.38	—	COM	81369Y209
WTMF	Managed Futures ETF - Wisdomtr	26,224	$1.143M	0.2%	$43.10	—	COM	97717W125
XLK	Technology Select Sector ETF -	27,220	$1.126M	0.2%	$37.73	—	COM	81369Y803
—	Info Tech ETF - Vanguard	10,700	$1.118M	0.2%	$97.06	—	COM	92204a702
AGG	Barclays Aggregate Bond Fund E	8,780	$967K	0.2%	$110.14	—	COM	464287226
—	Macro Tracker ETF - Index IQ	37,400	$957K	0.2%	$25.83	—	COM	45409b206
—	Energy Select Sector ETF - SPD	12,000	$950K	0.2%	$79.17	—	COM	81369y506
—	Lazard Ltd Cl A	18,760	$939K	0.2%	$50.05	—	COM	g54050102
LVS	Las Vegas Sands Corp	16,094	$936K	0.2%	$43.64	0.0%	COM	517834107
CVS	CVS Caremark Corp	9,640	$928K	0.2%	$64.44	0.0%	COM	126650100
DAL	Delta Air Lines Inc	18,688	$919K	0.2%	$34.70	+6.1%	COM	247361702
—	Apollo Global Management LLC	38,600	$910K	0.2%	$23.58	—	COM	US0376123
PSX	Phillips 66	12,100	$868K	0.2%	$49.15	0.0%	COM	718546104
—	Valeant Pharmaceuticals	6,010	$860K	0.2%	$137.05	—	COM	91911K102
VZ	Verizon Communications Inc	17,526	$820K	0.2%	$27.66	0.0%	COM	92343V104
—	Germany Hedged ETF - Deutsche	34,810	$817K	0.2%	$23.47	—	COM	233051408
XLI	Industrial Select Sector ETF -	14,000	$792K	0.2%	$56.57	—	COM	81369Y704
—	Merger Arb ETF - Credit Suisse	40,680	$748K	0.2%	$20.05	—	COM	22542D845
—	Splunk Inc	12,500	$737K	0.2%	$58.96	—	COM	848637104
FLR	Fluor Corporation	11,590	$703K	0.2%	$56.60	0.0%	COM	343412102
—	Short Term Muni Bond ETF - SPD	28,200	$685K	0.1%	$24.29	—	COM	78464A425
LQD	Corporate Bond Fund ETF - iSha	5,660	$676K	0.1%	$113.62	—	COM	464287242
IGSB	Barclays 1-3 Yr Credit Bond ET	6,370	$670K	0.1%	$105.36	—	COM	464288646
FCX	Freeport McMoran Copper & Gold	28,240	$660K	0.1%	$24.27	0.0%	COM	35671D857
—	Peritus High Yield ETF - Advis	15,168	$624K	0.1%	$46.39	—	COM	00768Y503
NRG	NRG Energy Inc New	23,080	$622K	0.1%	$23.11	0.0%	COM	629377508
—	0-5 Year High Yield ETF - PIMC	6,080	$613K	0.1%	$100.82	—	COM	72201r783
—	Blackrock MuniYield Quality	40,000	$563K	0.1%	$14.07	—	COM	09254E103
—	Taiwan ETF - First Trust	14,960	$544K	0.1%	$36.36	—	COM	33737j257
PFE	Pfizer Inc	15,580	$485K	0.1%	$17.97	0.0%	COM	717081103
—	HCA Inc	6,240	$458K	0.1%	$73.40	—	COM	40412c101
—	Blackrock Core Bond Trust	30,000	$396K	0.1%	$13.20	—	COM	09249E101
—	Eaton Vance Ltd Duration Incom	22,000	$311K	0.1%	$14.14	—	COM	27828h105
—	Blackrock Global Floating Rate	24,000	$308K	0.1%	$12.83	—	COM	091941104