Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S&P500 Index ETF - SPDR	212,899	$43.95M	17.0%	$205.17	—	COM	78462F103
—	US Equity Large Cap ETF - Firs	693,196	$32.29M	12.5%	$44.90	—	COM	33734k109
DBJP	Japan Yen Hedged ETF - Deutsch	381,788	$15.7M	6.1%	$41.11	—	COM	233051507
HEDJ	Europe Hedged Equity ETF - Wis	189,465	$12.53M	4.8%	$55.62	—	COM	97717X701
—	Japan Hedged Equity ETF - Wisd	215,819	$11.9M	4.6%	$50.49	—	COM	97717w851
—	Germany Hedged ETF - Deutsche	381,588	$10.95M	4.2%	$28.22	—	COM	233051408
IVV	S&P500 ETF - iShares	49,061	$10.2M	3.9%	$171.18	—	COM	464287200
—	China ETF - First Trust	403,485	$9.802M	3.8%	$22.66	—	COM	33737j141
—	US Dollar Bullish ETF - Powers	323,135	$8.369M	3.2%	$23.21	—	COM	73936d107
EWD	Sweden ETF - iShares	231,856	$7.763M	3.0%	$33.62	—	COM	464286756
DBAW	Hedged ACWI ex US ETF - Deutsc	282,450	$7.42M	2.9%	$26.27	—	COM	233051820
TLT	20+ yr Treasury ETF - iShares	56,610	$7.398M	2.9%	$130.68	—	COM	464287432
QAI	Multi-Strategy Tracker ETF - I	207,255	$6.205M	2.4%	$29.16	—	COM	45409B107
FYX	US Small Cap ETF - First Trust	100,610	$5.087M	2.0%	$50.56	—	COM	33734Y109
ACWI	All Country World Index ETF -	80,000	$4.802M	1.9%	$56.05	—	COM	464288257
—	Global Core Equity Fund -Z	435,000	$4.35M	1.7%	$10.00	—	COM	BSP005061
EIDO	Indonesia ETF - iShares	155,506	$4.315M	1.7%	$26.94	—	COM	46429B309
EWA	Australia ETF - iShares	177,595	$4.06M	1.6%	$22.86	—	COM	464286103
—	Taiwan ETF - First Trust	97,655	$3.755M	1.4%	$38.13	—	COM	33737j257
EIS	Israel ETF - iShares	69,936	$3.538M	1.4%	$47.25	—	COM	464286632
—	Global Long Short ETF - Adviso	174,069	$3.521M	1.4%	$21.76	—	COM	00768Y404
—	Canada ETF - First Trust	112,380	$3.323M	1.3%	$29.57	—	COM	33737j208
—	United Kingdom ETF - First Tru	82,167	$3.321M	1.3%	$38.93	—	COM	33737j224
AAPL	Apple Inc	19,249	$2.395M	0.9%	$22.02	+21.9%	COM	037833100
—	Singapore ETF - iShares	160,595	$2.056M	0.8%	$12.80	—	COM	464286673
TUR	Turkey ETF - iShares	41,233	$1.913M	0.7%	$53.81	—	COM	464286715
—	China ETF - iShares	29,888	$1.629M	0.6%	$45.79	—	COM	46429b671
—	Norway ETF - Global X	122,889	$1.433M	0.6%	$17.51	—	COM	37950E747
VOO	S&P500 Index ETF - Vanguard	7,455	$1.41M	0.5%	$189.13	—	COM	922908363
—	Short Term Muni Bond ETF - SPD	55,300	$1.345M	0.5%	$24.31	—	COM	78464A425
—	Taiwan ETF - iShares	65,376	$1.029M	0.4%	$15.33	—	COM	464286731
—	EOG Resources Inc	9,925	$910K	0.4%	$92.08	—	COM	26875p101
—	JPMorgan Chase & Co	14,699	$890K	0.3%	$62.03	—	COM	46625h100
LEA	Lear Corp.	7,265	$805K	0.3%	$75.60	+14.6%	COM	521865204
AGG	Barclays Aggregate Bond Fund E	6,300	$702K	0.3%	$110.14	—	COM	464287226
—	Senior Loan ETF - Powershares	28,160	$678K	0.3%	$24.46	—	COM	73936q769
BAC	Bank of America Corp	44,000	$677K	0.3%	$11.79	+8.2%	COM	060505104
—	Actavis PLC	2,177	$648K	0.3%	$257.47	—	COM	097252718
EL	Estee Lauder Companies Inc.	7,792	$648K	0.3%	$64.09	+6.9%	COM	518439104
HAL	Halliburton Co Holdings Co	14,631	$642K	0.2%	$39.28	-13.9%	COM	406216101
GILD	Gilead Sciences Inc	6,542	$642K	0.2%	$71.85	-1.8%	COM	375558103
—	Facebook Inc	7,770	$639K	0.2%	$78.01	—	COM	30303m102
—	Google Inc Class A	1,150	$638K	0.2%	$530.61	—	COM	38259p508
XLV	Healthcare ETF - SPDR	8,680	$629K	0.2%	$68.38	—	COM	81369Y209
—	RAFI Long/Short ETF - ProShare	15,169	$615K	0.2%	$42.09	—	COM	74347x310
—	Discover Financial SVCS	10,664	$601K	0.2%	$65.50	—	COM	254709108
EUFN	European Financial ETF - iShar	25,890	$595K	0.2%	$22.98	—	COM	464289180
FLR	Fluor Corporation	10,350	$592K	0.2%	$56.60	-9.8%	COM	343412102
URI	United Rentals Inc	6,320	$576K	0.2%	$103.79	-16.1%	COM	911363109
—	Info Tech ETF - Vanguard	5,350	$570K	0.2%	$97.06	—	COM	92204a702
WTMF	Managed Futures ETF - Wisdomtr	12,592	$558K	0.2%	$43.10	—	COM	97717W125
DAL	Delta Air Lines Inc	12,294	$553K	0.2%	$34.70	+17.2%	COM	247361702
MU	Micron Technology Inc	20,100	$545K	0.2%	$32.30	-9.7%	COM	595112103
CVS	CVS Caremark Corp	4,820	$497K	0.2%	$64.44	+15.3%	COM	126650100
IGSB	Barclays 1-3 Yr Credit Bond ET	4,560	$481K	0.2%	$105.36	—	COM	464288646
—	Macro Tracker ETF - Index IQ	17,960	$458K	0.2%	$25.83	—	COM	45409b206
—	Nabors Industries Ltd (USD)	33,455	$457K	0.2%	$12.98	—	COM	g6359f103
LVS	Las Vegas Sands Corp	8,047	$443K	0.2%	$43.64	-6.7%	COM	517834107
VZ	Verizon Communications Inc	8,763	$426K	0.2%	$27.66	-0.2%	COM	92343V104
—	Apollo Global Management LLC	19,300	$417K	0.2%	$23.58	—	COM	US0376123
—	Merger Arb ETF - Credit Suisse	19,530	$380K	0.1%	$20.05	—	COM	22542D845
—	Splunk Inc	6,250	$370K	0.1%	$58.96	—	COM	848637104
—	Blackrock MuniYield Quality	24,900	$354K	0.1%	$14.07	—	COM	09254E103
—	Peritus High Yield ETF - Advis	7,584	$314K	0.1%	$46.39	—	COM	00768Y503
NRG	NRG Energy Inc New	11,540	$291K	0.1%	$23.11	-14.2%	COM	629377508
EZA	South Africa ETF - iShares	4,005	$268K	0.1%	$66.92	—	COM	464286780
FCX	Freeport McMoran Copper & Gold	14,120	$268K	0.1%	$24.27	-27.4%	COM	35671D857
—	Blackrock Core Bond Trust	18,500	$256K	0.1%	$13.20	—	COM	09249E101
SJNK	High Yield 0-5yr Bond ETF - SP	8,700	$254K	0.1%	$29.20	—	COM	78468R408
—	0-5 Year High Yield ETF - PIMC	2,330	$237K	0.1%	$100.82	—	COM	72201r783
—	HCA Inc	3,120	$235K	0.1%	$73.40	—	COM	40412c101
INDY	India ETF - iShares	6,844	$214K	0.1%	$25.88	—	COM	464289529
—	Eaton Vance Ltd Duration Incom	14,000	$201K	0.1%	$14.14	—	COM	27828h105
—	Blackrock Global Floating Rate	14,700	$198K	0.1%	$12.83	—	COM	091941104