Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RWX	SPDR Dow Jones International Real Estate ETF	211,331 (+115.0%)	$5.708M (+118.1%)	4.5%	$27.44	—	Common Stock	78463X863
AMJB	JPMORGAN CHASE FINL CO LLC ALERIAN MLP I	150,358 (+34.1%)	$5.186M (+33.8%)	4.1%	$31.42	—	Common Stock	48133Q309
JETS	ETF SER SOLUTIONS US GLB JETS	95,130 (+8.1%)	$3.16M (+45.8%)	2.5%	$26.51	—	Common Stock	26922A842
XLI	SECTOR SPDR TR SHS BEN INT INDUSTRIAL	17,954 (+16.8%)	$3.326M (+33.8%)	2.6%	$159.46	—	Common Stock	81369Y704
XBI	SPDR S&P Biotech ETF	21,755 (+6.1%)	$3.443M (+31.4%)	2.7%	$10892.43	—	Common Stock	78464A870
XLV	SELECT SECTOR SPDR TR HEALTH CARE FORMER	20,629 (+19.1%)	$3.273M (+28.9%)	2.6%	$21348.44	—	Common Stock	81369Y209
ITA	ISHARES TR US AER DEF ETF	18,058 (+6.9%)	$4.378M (+18.5%)	3.4%	$216.94	—	Common Stock	464288760
PFF	iShares US Preferred Stock	224,325 (+10.4%)	$6.84M (+11.1%)	5.4%	$6979.74	—	Common Stock	464288687
IWM	iShares Russell 2000	10,168 (+6.0%)	$3.055M (+28.5%)	2.4%	$250.29	—	Common Stock	464287655
XLF	SECTOR SPDR TR SHS BEN INT FINANCIAL	59,627 (+13.8%)	$3.197M (+23.6%)	2.5%	$54.63	—	Common Stock	81369Y605
XLB	SELECT SECTOR SPDR TR SHS BEN INT MATERI	61,687 (+19.7%)	$3.136M (+21.7%)	2.5%	$976.56	—	Common Stock	81369Y100
IEF	ISHARES 7-10 YEAR TREASURY BOND ETF	79,693 (+8.9%)	$7.537M (+7.9%)	5.9%	$95.99	—	Common Stock	464287440
XLP	SECTOR SPDR TR SHS BEN INT CONSUMER STAP	36,542 (+18.1%)	$3.036M (+19.7%)	2.4%	$82.15	—	Common Stock	81369Y308
XLRE	Real Estate Select Sector SPDR	69,664 (+10.7%)	$3.067M (+19.4%)	2.4%	$41.14	—	Common Stock	81369Y860
XLY	SELECT SECTOR SPDR TR CONSUMER DISCRETIO	25,952 (+11.1%)	$3.044M (+19.6%)	2.4%	$19716.63	—	Common Stock	81369Y407
XLU	SECTOR SPDR TR SHS BEN INT UTILITIES	68,450 (+16.2%)	$3.104M (+14.8%)	2.4%	$43.06	—	Common Stock	81369Y886
SRLN	SPDR Blackstone / GSO Senior Loan ETF	76,243 (+12.4%)	$3.072M (+12.9%)	2.4%	$38496.71	—	Common Stock	78467V608
SILJ	AMPLIFY ETF TR AMPLIFY JUNIOR S	115,941 (+4.1%)	$3.005M (-9.3%)	2.4%	$27.72	—	Common Stock	032108649
XLC	Select Sector Spdr Tr Communication	30,080 (+13.6%)	$3.222M (+9.8%)	2.5%	$116.45	—	Common Stock	81369Y852
IWF	iShares Russell 1000 Growth	15,477 (+300.1%)	$1.922M (+16.5%)	1.5%	$26967.40	—	Common Stock	464287614
EMQQ	EMQQ Emerging Markets Intrnt & Ecmrc ETF	60,674 (+14.4%)	$1.893M (+7.9%)	1.5%	$4102.16	—	Common Stock	301505889
XME	SPDR S&P Metals and Mining ETF	24,383 (+6.1%)	$2.607M (+5.1%)	2.0%	$29839.48	—	Common Stock	78464A755
EWZS	iShares MSCI Brazil Small-Cap ETF	235,728 (+10.5%)	$3.06M (-3.1%)	2.4%	$1163.21	—	Common Stock	464289131
COPX	GLOBAL X FDS GLOBAL X COPPER	15,260 (+8.0%)	$1.175M (+8.9%)	0.9%	$76.40	—	Common Stock	37954Y830
FXR	FIRST TR EXCHANGE TRADED FD II INDLS PRO	4,437 (+15.5%)	$404K (+29.0%)	0.3%	$82.91	—	Common Stock	33734X150
FXD	FIRST TR EXCHANGE TRADED FD II CONSUMER	5,762 (+15.9%)	$399K (+25.2%)	0.3%	$31355.96	—	Common Stock	33734X101
FXO	FIRST TR EXCHANGE TRADED FD II FINANCIAL	6,382 (+9.6%)	$399K (+21.9%)	0.3%	$23453.40	—	Common Stock	33734X135
FXH	FIRST TR EXCHANGE TRADED FD II HEALTH CA	3,300 (+8.6%)	$404K (+21.1%)	0.3%	$59147.96	—	Common Stock	33734X143
FXG	FIRST TR EXCHANGE TRADED FD II CONSUMER	6,203 (+19.8%)	$388K (+17.7%)	0.3%	$63.54	—	Common Stock	33734X119
FRI	FIRST TR S&P REIT INDEX FD	12,191 (+3.9%)	$386K (+15.8%)	0.3%	$28.58	—	Common Stock	33734G108
FXU	FIRST TR EXCHANGE TRADED FD II UTILS ALP	7,786 (+10.7%)	$384K (+10.2%)	0.3%	$45.43	—	Common Stock	33734X184
FXZ	FIRST TR EXCHANGE TRADED FD II MATERIALS	4,756 (+5.4%)	$378K (+9.9%)	0.3%	$65.58	—	Common Stock	33734X168
VRP	Invesco Variable Rate Preferred ETF	18,273 (+6.2%)	$444K (+7.7%)	0.3%	$23399.02	—	Common Stock	46138G870

Exited Positions (3)

XLE Energy Select Sector SPDR ETF 2.3%

Value $2.983M Shares 48,696 Est. Cost $26153.35 Unrealized —

IWS iShares Russell Mid-Cap Value 1.3%

Value $1.704M Shares 11,690 Est. Cost $141.22 Unrealized —

FXN FIRST TR EXCHANGE TRADED FD II ENERGY AL 0.3%

Value $393K Shares 17,495 Est. Cost $14892.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLE	Energy Select Sector SPDR ETF	48,696	$2.983M	2.3%	$26153.35	—	—	81369Y506
IWS	iShares Russell Mid-Cap Value	11,690	$1.704M	1.3%	$141.22	—	—	464287473
FXN	FIRST TR EXCHANGE TRADED FD II ENERGY AL	17,495	$393K	0.3%	$14892.95	—	—	33734X127

Decreased Positions (16)

IHY VanEck Vectors Intl Hi Yld Bd ETF 5.6%

Value $7.119M (-16.7%) Shares 328,675 (-17.5%) Est. Cost $21.96 Unrealized —

TLT iShares 20 Plus Year Treasury Bond 1.0%

Value $1.287M (-36.0%) Shares 14,887 (-35.8%) Est. Cost $1776.83 Unrealized —

XLK Technology Select Sector SPDR ETF 2.5%

Value $3.244M (+26.3%) Shares 17,028 (-11.9%) Est. Cost $143.79 Unrealized —

IWO iShares Russell 2000 Growth Index Fund 1.6%

Value $2.092M (+23.9%) Shares 5,309 (-1.3%) Est. Cost $167275.77 Unrealized —

FPA FIRST TR EXCH TRADED ALPHADEX FD II ASIA 0.7%

Value $955K (+20.6%) Shares 17,838 (-2.1%) Est. Cost $30530.63 Unrealized —

FXL FIRST TR EXCHANGE TRADED FD II TECHNOLOG 0.3%

Value $407K (+21.9%) Shares 1,872 (-10.9%) Est. Cost $34422.98 Unrealized —

FEX FIRST TR LARGE CAP CORE ALPHADEX FD COM 0.3%

Value $359K (+12.7%) Shares 2,566 (-1.8%) Est. Cost $54299.68 Unrealized —

FEP FIRST TR EXCH TRADED ALPHADEX FD II EURO 0.6%

Value $796K (+2.8%) Shares 13,952 (-1.6%) Est. Cost $53.75 Unrealized —

DBB Invesco DB Base Metals Fund 1.6%

Value $2.014M (+0.6%) Shares 83,585 (-1.9%) Est. Cost $22.95 Unrealized —

EMLP First Trust North Amer Engy InfrasETF 0.3%

Value $350K (-2.7%) Shares 8,052 (-2.4%) Est. Cost $37.87 Unrealized —

BWX SPDR SERIES TRUST BARCLAYS INTL ETF 0.2%

Value $251K (-2.5%) Shares 11,569 (-1.3%) Est. Cost $22.53 Unrealized —

PCY Invesco Emerging Markets Sov Debt ETF 0.2%

Value $269K (+1.9%) Shares 12,432 (-1.7%) Est. Cost $21.66 Unrealized —

LQD ISHARES IBOXX INVESTMENT GRADE CORPORATE 0.2%

Value $243K (-1.6%) Shares 2,225 (-1.6%) Est. Cost $114929.94 Unrealized —

HYG ISHARES IBOXX HIGH YIELD CORPORATE BOND 0.2%

Value $263K (-1.1%) Shares 3,288 (-1.6%) Est. Cost $87009.28 Unrealized —

IBND SPDR SER TR BARCLAYS INTL CORP BD ETF 0.2%

Value $267K (-0.9%) Shares 8,549 (-1.3%) Est. Cost $32.11 Unrealized —

FPE First Trust Preferred Securities and Income ETF 0.2%

Value $260K (-0.8%) Shares 14,558 (-1.6%) Est. Cost $19060.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IHY	VanEck Vectors Intl Hi Yld Bd ETF	328,675 (-17.5%)	$7.119M (-16.7%)	5.6%	$21.96	—	Common Stock	92189F445
TLT	iShares 20 Plus Year Treasury Bond	14,887 (-35.8%)	$1.287M (-36.0%)	1.0%	$1776.83	—	Common Stock	464287432
XLK	Technology Select Sector SPDR ETF	17,028 (-11.9%)	$3.244M (+26.3%)	2.5%	$143.79	—	Common Stock	81369Y803
IWO	iShares Russell 2000 Growth Index Fund	5,309 (-1.3%)	$2.092M (+23.9%)	1.6%	$167275.77	—	Common Stock	464287648
FPA	FIRST TR EXCH TRADED ALPHADEX FD II ASIA	17,838 (-2.1%)	$955K (+20.6%)	0.7%	$30530.63	—	Common Stock	33737J109
FXL	FIRST TR EXCHANGE TRADED FD II TECHNOLOG	1,872 (-10.9%)	$407K (+21.9%)	0.3%	$34422.98	—	Common Stock	33734X176
FEX	FIRST TR LARGE CAP CORE ALPHADEX FD COM	2,566 (-1.8%)	$359K (+12.7%)	0.3%	$54299.68	—	Common Stock	33734K109
FEP	FIRST TR EXCH TRADED ALPHADEX FD II EURO	13,952 (-1.6%)	$796K (+2.8%)	0.6%	$53.75	—	Common Stock	33737J117
DBB	Invesco DB Base Metals Fund	83,585 (-1.9%)	$2.014M (+0.6%)	1.6%	$22.95	—	Common Stock	46140H700
EMLP	First Trust North Amer Engy InfrasETF	8,052 (-2.4%)	$350K (-2.7%)	0.3%	$37.87	—	Common Stock	33738D101
BWX	SPDR SERIES TRUST BARCLAYS INTL ETF	11,569 (-1.3%)	$251K (-2.5%)	0.2%	$22.53	—	Common Stock	78464A516
PCY	Invesco Emerging Markets Sov Debt ETF	12,432 (-1.7%)	$269K (+1.9%)	0.2%	$21.66	—	Common Stock	46138E784
LQD	ISHARES IBOXX INVESTMENT GRADE CORPORATE	2,225 (-1.6%)	$243K (-1.6%)	0.2%	$114929.94	—	Common Stock	464287242
HYG	ISHARES IBOXX HIGH YIELD CORPORATE BOND	3,288 (-1.6%)	$263K (-1.1%)	0.2%	$87009.28	—	Common Stock	464288513
IBND	SPDR SER TR BARCLAYS INTL CORP BD ETF	8,549 (-1.3%)	$267K (-0.9%)	0.2%	$32.11	—	Common Stock	78464A151
FPE	First Trust Preferred Securities and Income ETF	14,558 (-1.6%)	$260K (-0.8%)	0.2%	$19060.00	—	Common Stock	33739E108

Unchanged Positions (7)

IWN iShares Russell 2000 Value Index Fund 4.0%

Value $5.106M Shares 23,082 Est. Cost $108564.14 Unrealized —

SLV ISHARES SILVER TR ISHARES 2.2%

Value $2.751M Shares 51,457 Est. Cost $68.14 Unrealized —

EWX SPDR S&P Emerging Markets Small Cap ETF 3.3%

Value $4.244M Shares 57,119 Est. Cost $17663.24 Unrealized —

EEM ISHARES MSCI EMERGING MARKETS ETF 1.9%

Value $2.442M Shares 35,689 Est. Cost $2701.31 Unrealized —

SCZ iShares MSCI EAFE Small-Cap ETF 1.4%

Value $1.848M Shares 22,462 Est. Cost $44370.48 Unrealized —

EFV ISHARES TR EAFE VALUE ETF 1.7%

Value $2.164M Shares 28,272 Est. Cost $71.49 Unrealized —

KWEB KraneShares CSI China Internet ETF 0.4%

Value $474K Shares 19,350 Est. Cost $34.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IWN	iShares Russell 2000 Value Index Fund	23,082	$5.106M	4.0%	$108564.14	—	Common Stock	464287630
SLV	ISHARES SILVER TR ISHARES	51,457	$2.751M	2.2%	$68.14	—	Common Stock	46428Q109
EWX	SPDR S&P Emerging Markets Small Cap ETF	57,119	$4.244M	3.3%	$17663.24	—	Common Stock	78463X756
EEM	ISHARES MSCI EMERGING MARKETS ETF	35,689	$2.442M	1.9%	$2701.31	—	Common Stock	464287234
SCZ	iShares MSCI EAFE Small-Cap ETF	22,462	$1.848M	1.4%	$44370.48	—	Common Stock	464288273
EFV	ISHARES TR EAFE VALUE ETF	28,272	$2.164M	1.7%	$71.49	—	Common Stock	464288877
KWEB	KraneShares CSI China Internet ETF	19,350	$474K	0.4%	$34.05	—	Common Stock	500767306