Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	US S&P 500 Index ETF - SPDR	302,736	$71.37M	22.9%	$225.90	—	COM	78462F103
—	Japan Nikkei 400 ETF - Deutsch	921,000	$23.29M	7.5%	$24.59	—	COM	233051663
QUS	Quality S&P500 - SPDR ETF	218,490	$14.91M	4.8%	$68.05	—	COM	78468R812
—	Scientific Beta US ETF - Globa	500,180	$13.9M	4.5%	$27.79	—	COM	37954Y103
IVV	US S&P500 ETF - iShares	54,360	$12.9M	4.1%	$229.52	—	COM	464287200
EWG	Germany ETF - iShares	405,090	$11.65M	3.7%	$27.94	—	COM	464286806
ACWX	ACWI ex US ETF - iShares	249,160	$10.87M	3.5%	$42.23	—	COM	464288240
—	Korea Hedged ETF - Deutsche Ba	380,140	$10.04M	3.2%	$26.41	—	COM	233051812
EEM	MSCI Emerging Markets ETF - iS	250,790	$9.879M	3.2%	$39.39	—	COM	464287234
IEMG	Core Emerging Markets - iShare	206,120	$9.85M	3.2%	$47.79	—	COM	46434G103
—	China ETF - iShares	186,540	$9.314M	3.0%	$48.46	—	COM	46429b671
XLK	Technology Select Sector ETF -	160,460	$8.554M	2.7%	$52.62	—	COM	81369Y803
EWA	Australia ETF - iShares	328,420	$7.426M	2.4%	$22.61	—	COM	464286103
QAI	Multi-Strategy Tracker ETF - I	239,910	$6.979M	2.2%	$29.16	—	COM	45409B107
—	KBW Bank ETF - Powershares	139,230	$6.615M	2.1%	$47.51	—	COM	73937B746
—	Taiwan ETF - iShares	176,899	$5.878M	1.9%	$32.09	—	COM	46434g772
EIS	Israel ETF - iShares	100,050	$5.128M	1.6%	$51.25	—	COM	464286632
—	Japan ETF - iShares	93,456	$4.813M	1.5%	$51.34	—	COM	46434g822
EWC	Canada ETF - iShares	161,418	$4.339M	1.4%	$26.00	—	COM	464286509
EWO	Austria ETF - iShares	229,520	$4.17M	1.3%	$17.06	—	COM	464286202
GSLC	US Large Cap ETF - Goldman Sac	87,010	$4.07M	1.3%	$45.21	—	COM	381430503
THD	Thailand ETF - iShares	50,064	$3.904M	1.3%	$75.59	—	COM	464286624
—	United Kingdom ETF - iShares	109,630	$3.568M	1.1%	$30.69	—	COM	46435g334
EWD	Sweden ETF - iShares	106,140	$3.351M	1.1%	$30.48	—	COM	464286756
EWP	Spain ETF - iShares	106,780	$3.247M	1.0%	$30.41	—	COM	464286764
ECH	Chile ETF - iShares	47,174	$2.055M	0.7%	$43.56	—	COM	464286640
—	High Yield L/S ETF - First Tru	34,100	$1.666M	0.5%	$48.34	—	COM	33738d408
SRLN	Blackstone/GSO Senior Loan ETF	33,280	$1.582M	0.5%	$47.00	—	COM	78467V608
—	Facebook Inc	10,344	$1.469M	0.5%	$125.25	—	COM	30303m102
—	Blackrock Multi-Sector Income	83,460	$1.445M	0.5%	$17.31	—	COM	09258A107
—	Invesco Muni CEF	106,490	$1.334M	0.4%	$13.71	—	COM	46131j103
—	0-5 Year High Yield ETF - PIMC	12,450	$1.258M	0.4%	$100.75	—	COM	72201r783
GILD	Gilead Sciences Inc	16,138	$1.096M	0.4%	$54.42	-6.9%	COM	375558103
—	Norway ETF - Global X	97,444	$1.091M	0.3%	$11.20	—	COM	37950E747
BAC	Bank of America Corp	42,026	$991K	0.3%	$17.19	+12.8%	COM	060505104
IGSB	Barclays 1-3 Yr Credit Bond ET	9,410	$990K	0.3%	$105.32	—	COM	464288646
—	Sr Floating Rate CEF - FirstTr	65,040	$900K	0.3%	$13.84	—	COM	33733u108
—	Blackrock Limited Duration CEF	57,210	$891K	0.3%	$15.57	—	COM	09249w101
—	Blackrock MuniYield Quality	62,580	$872K	0.3%	$14.36	—	COM	09254E103
EPOL	Poland ETF - iShares	38,440	$830K	0.3%	$21.59	—	COM	46429B606
—	MS EM Domestic Debt CEF	108,900	$825K	0.3%	$7.58	—	COM	617477104
—	CBS Corp New Cl B	11,600	$805K	0.3%	$62.07	—	COM	124857202
—	Senior Loan ETF - Powershares	33,250	$773K	0.2%	$23.24	—	COM	73936q769
—	Alphabet Inc Class A	906	$768K	0.2%	$766.07	—	COM	02079k305
—	iBonds Dec18 Corp ETF -iShares	29,000	$730K	0.2%	$25.23	—	COM	46434vaa8
SJNK	High Yield 0-5yr Bond ETF - SP	24,370	$681K	0.2%	$28.05	—	COM	78468R408
LUV	Southwest Airlines Co	12,440	$669K	0.2%	$38.46	+25.5%	COM	844741108
—	Blackrock Core Bond Trust	48,130	$643K	0.2%	$13.60	—	COM	09249E101
—	Blackrock Global Floating Rate	44,810	$640K	0.2%	$13.73	—	COM	091941104
BBY	Best Buy Inc	11,352	$558K	0.2%	$32.41	+0.4%	COM	086516101
—	Aetna Inc New	4,250	$542K	0.2%	$119.94	—	COM	00817y108
EWI	Italy ETF - iShares	20,990	$540K	0.2%	$25.73	—	COM	46434G830
—	DJ Euro Stoxx 50 ETF - SPDR	14,000	$509K	0.2%	$36.36	—	COM	78463x202
—	Ferrari NV	6,822	$507K	0.2%	$74.32	—	COM	n3167y103
DRI	Darden Restaurants Inc	5,938	$497K	0.2%	$58.54	0.0%	COM	237194105
—	American Tower Corp-Class A	4,038	$491K	0.2%	$121.59	—	COM	03027x100
STZ	Constellation Brands, Inc.	3,020	$489K	0.2%	$135.96	0.0%	COM	21036P108
—	Activision Inc.	9,564	$477K	0.2%	$49.65	—	COM	00507v109
—	Netflix Inc	3,216	$475K	0.2%	$147.70	—	COM	64110l106
ABBV	AbbVie Inc.	7,256	$473K	0.2%	$43.48	0.0%	COM	00287Y109
—	Monster Beverage Corp	10,218	$472K	0.2%	$46.19	—	COM	61174x109
—	Eaton Vance Ltd Duration Incom	33,654	$465K	0.1%	$13.86	—	COM	27828h105
TMUS	T-Moblie US Inc.	7,182	$464K	0.1%	$59.39	0.0%	COM	872590104
—	Mastercard Inc	4,102	$461K	0.1%	$112.34	—	COM	57636q104
—	Adobe Systems Inc	3,510	$457K	0.1%	$130.20	—	COM	00724f101
GAP	Gap Inc	18,676	$454K	0.1%	$17.48	0.0%	COM	364760108
HAS	Hasbro Inc.	4,540	$453K	0.1%	$68.31	0.0%	COM	418056107
F	Ford Motor Co.	38,910	$453K	0.1%	$7.78	+0.0%	COM	345370860
TAP	Molson Coors Brewing Co Cl B	4,730	$453K	0.1%	$77.75	0.0%	COM	60871R209
XYZ	Square Inc - A	26,160	$452K	0.1%	$15.64	0.0%	COM	852234103
RCL	Royal Caribbean Cruises Ltd.	4,610	$452K	0.1%	$85.28	0.0%	COM	V7780T103
—	Six Flags Inc.	7,580	$451K	0.1%	$59.50	—	COM	83001a102
KSS	Kohls Corp	11,330	$451K	0.1%	$40.82	0.0%	COM	500255104
—	American Airlines	10,624	$449K	0.1%	$42.26	—	COM	02376r102
AVB	Avalonbay Cmntys Inc	2,422	$445K	0.1%	$132.32	0.0%	COM	053484101
GS	Goldman Sachs Group Inc	1,932	$444K	0.1%	$200.04	0.0%	COM	38141G104
AXP	American Express Co	5,610	$444K	0.1%	$69.17	0.0%	COM	025816109
GM	General Motors Corp.	12,492	$442K	0.1%	$30.95	0.0%	COM	37045V100
—	Priceline.com Inc New	248	$441K	0.1%	$1778.23	—	COM	741503403
BA	Boeing Co	2,480	$439K	0.1%	$158.36	+0.2%	COM	097023105
—	Metlife Inc	8,294	$438K	0.1%	$52.81	—	COM	59156r108
T	AT&T Inc	10,544	$438K	0.1%	$16.73	0.0%	COM	00206R102
SCHW	Schwab Charles Corp	10,686	$436K	0.1%	$36.81	0.0%	COM	808513105
DAL	Delta Air Lines Inc	9,450	$434K	0.1%	$43.95	0.0%	COM	247361702
MS	Morgan Stanley	10,086	$432K	0.1%	$34.36	0.0%	COM	617446448
—	Invesco Cali Value Muni CEF	23,200	$286K	0.1%	$12.33	—	COM	46132H106
—	Hovnanian Enterprises Inc.	36,360	$83,000	0.0%	$2.22	—	COM	442487203