Advisors Preferred, LLC Quant / Systematic

CIK: 0001598841 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 7, 2022

Total Value ($000): $1,030,016 (100.0% shares, 0.0% debt)

Holdings (165)

TLT iShares 20 PLUS Year Treasury Bond ETF 14.0%
Value ($000) $144,321 Shares 1,000,151 Est. Cost $144.43 Unrealized
IEI iShares 3-7 Year Treasury Bond ETF 13.1%
Value ($000) $134,916 Shares 1,052,960 Est. Cost $128.13 Unrealized
XLRE Real Estate Select Sector SPDR Fund 7.0%
Value ($000) $71,797 Shares 1,398,742 Est. Cost $51.30 Unrealized
IWD iShares Russell 1000 Value ETF 6.9%
Value ($000) $70,639 Shares 417,570 Est. Cost $162.28 Unrealized
XLV Health Care Select Sector SPDR Fund 6.8%
Value ($000) $70,134 Shares 502,971 Est. Cost $139.44 Unrealized
IWS iShares Russell Mid-Cap Value ETF 4.6%
Value ($000) $46,900 Shares 383,356 Est. Cost $122.34 Unrealized
XLK Technology Select Sector SPDR Fund 2.2%
Value ($000) $22,330 Shares 127,222 Est. Cost $151.57 Unrealized
Invesco BulletShares 2023 Corporate Bond ETF 2.2%
Value ($000) $22,258 Shares 73,000 Est. Cost $21.29 Unrealized
Invesco BulletShares 2024 Corporate Bond ETF 2.1%
Value ($000) $22,026 Shares 1,010,380 Est. Cost $22.31 Unrealized
GSY Invesco Ultra Short Duration ETF 2.1%
Value ($000) $21,852 Shares 434,600 Est. Cost $50.50 Unrealized
SPSB SPDR Portfolio Short Term Corporate Bond ETF 2.1%
Value ($000) $21,796 Shares 704,680 Est. Cost $153.87 Unrealized
Invesco BulletShares 2022 Corporate Bond ETF 2.1%
Value ($000) $21,557 Shares 1,007,830 Est. Cost $19.22 Unrealized
IEF iShares 7-10 Year Treasury Bond ETF 2.1%
Value ($000) $21,378 Shares 2,939,534 Est. Cost $32.82 Unrealized
SHV iShares Short Treasury Bond ETF 1.6%
Value ($000) $16,670 Shares 151,000 Est. Cost $85.94 Unrealized
SOXX iShares Semiconductor ETF 1.2%
Value ($000) $12,459 Shares 22,526 Est. Cost $446.16 Unrealized
VIG Vanguard Dividend Appreciation ETF 1.1%
Value ($000) $11,394 Shares 66,556 Est. Cost $162.23 Unrealized
HRL Hormel Foods Corporation 1.0%
Value ($000) $10,472 Shares 213,149 Est. Cost $38.61 Unrealized 0.0%
STLD Steel Dynamics, Inc. 1.0%
Value ($000) $10,170 Shares 16,493 Est. Cost $57.75 Unrealized +1.5%
CPB Campbell Soup Company 0.9%
Value ($000) $9,483 Shares 216,801 Est. Cost $36.19 Unrealized 0.0%
VIGI Vanguard International Dividend Appreciation ETF 0.9%
Value ($000) $9,141 Shares 107,025 Est. Cost $86.51 Unrealized
RSP Invesco S&P 500 Equal Weight ETF 0.9%
Value ($000) $9,136 Shares 56,089 Est. Cost $156.61 Unrealized
SPLV Invesco S&P 500 Low Volatility ETF 0.9%
Value ($000) $9,085 Shares 133,680 Est. Cost $64.08 Unrealized
SJM J M Smucker Company (The) 0.8%
Value ($000) $8,582 Shares 62,737 Est. Cost $110.69 Unrealized +0.3%
VRSK Verisk Analytics, Inc. 0.7%
Value ($000) $7,693 Shares 34,706 Est. Cost $212.40 Unrealized 0.0%
HON Honeywell International, Inc. 0.7%
Value ($000) $7,524 Shares 36,382 Est. Cost $185.07 Unrealized 0.0%
SFM Sprouts Farmers Market, Inc. 0.7%
Value ($000) $7,306 Shares 245,417 Est. Cost $25.03 Unrealized 0.0%
QQQ Invesco QQQ Trust Series 1 0.7%
Value ($000) $7,061 Shares 17,578 Est. Cost $372.70 Unrealized
COST Costco Wholesale Corporation 0.7%
Value ($000) $6,975 Shares 12,307 Est. Cost $488.10 Unrealized 0.0%
ITW Illinois Tool Works, Inc. 0.7%
Value ($000) $6,860 Shares 28,174 Est. Cost $210.30 Unrealized 0.0%
FDS FactSet Research Systems, Inc. 0.7%
Value ($000) $6,710 Shares 14,097 Est. Cost $431.08 Unrealized 0.0%
AMLP Alerian MLP ETF 0.6%
Value ($000) $6,601 Shares 195,977 Est. Cost $247.59 Unrealized
JNK SPDR Bloomberg High Yield Bond ETF 0.6%
Value ($000) $6,454 Shares 59,482 Est. Cost $109.03 Unrealized
DLN WisdomTree US LargeCap Dividend Fund 0.6%
Value ($000) $6,328 Shares 95,502 Est. Cost $92.99 Unrealized
TIP iShares TIPS Bond ETF 0.6%
Value ($000) $6,295 Shares 49,002 Est. Cost $127.39 Unrealized
VCLT Vanguard Long-Term Corporate Bond ETF 0.6%
Value ($000) $6,225 Shares 59,728 Est. Cost $106.61 Unrealized
IVOL Quadratic Interest Rate Volatility and Inflation ETF 0.6%
Value ($000) $6,207 Shares 230,504 Est. Cost $27.62 Unrealized
MINT PIMCO Enhanced Short Maturity Active ETF 0.5%
Value ($000) $5,295 Shares 52,150 Est. Cost $97.38 Unrealized
IGSB iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF 0.5%
Value ($000) $5,284 Shares 98,210 Est. Cost $53.11 Unrealized
ILMN Illumina, Inc. 0.5%
Value ($000) $4,931 Shares 12,946 Est. Cost $392.77 Unrealized -3.5%
SPG Simon Property Group, Inc. 0.4%
Value ($000) $4,575 Shares 28,543 Est. Cost $121.27 Unrealized 0.0%
BKLN Invesco Senior Loan ETF 0.4%
Value ($000) $4,469 Shares 202,300 Est. Cost $22.09 Unrealized
Invesco BulletShares 2025 Corporate Bond ETF 0.4%
Value ($000) $4,370 Shares 200,000 Est. Cost $21.85 Unrealized
NVDA NVIDIA Corporation 0.4%
Value ($000) $3,945 Shares 13,098 Est. Cost $23.83 Unrealized +15.3%
CE Celanese Corporation 0.4%
Value ($000) $3,764 Shares 22,474 Est. Cost $151.07 Unrealized +0.5%
OLED Universal Display Corporation 0.4%
Value ($000) $3,758 Shares 21,922 Est. Cost $158.09 Unrealized 0.0%
HYG iShares iBoxx High Yield Corporate Bond ETF 0.4%
Value ($000) $3,716 Shares 42,732 Est. Cost $87.09 Unrealized
IFLN Invesco Fundamental High Yield Corporate Bond ETF 0.4%
Value ($000) $3,715 Shares 191,501 Est. Cost $19.38 Unrealized
Lam Research Corporation 0.4%
Value ($000) $3,687 Shares 6,013 Est. Cost $613.17 Unrealized
REGN Regeneron Pharmaceuticals, Inc. 0.3%
Value ($000) $3,381 Shares 5,392 Est. Cost $613.78 Unrealized -0.4%
DE Deere & Company 0.3%
Value ($000) $3,295 Shares 9,410 Est. Cost $330.66 Unrealized -0.6%
AMD Advanced Micro Devices, Inc. 0.3%
Value ($000) $3,263 Shares 21,717 Est. Cost $134.42 Unrealized 0.0%
ULST SPDR SSgA Ultra Short Term Bond ETF 0.3%
Value ($000) $3,240 Shares 80,350 Est. Cost $39.84 Unrealized
TOTL SPDR Doubleline Total Return Tactical ETF 0.3%
Value ($000) $3,087 Shares 65,369 Est. Cost $48.38 Unrealized
BND Vanguard Total Bond Market ETF 0.3%
Value ($000) $3,080 Shares 36,585 Est. Cost $85.20 Unrealized
AGG iShares Core U.S. Aggregate Bond ETF 0.3%
Value ($000) $3,080 Shares 27,176 Est. Cost $115.10 Unrealized
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF 0.3%
Value ($000) $2,974 Shares 30,119 Est. Cost $99.03 Unrealized
SGI Tempur Sealy International, Inc. 0.3%
Value ($000) $2,727 Shares 57,568 Est. Cost $45.33 Unrealized 0.0%
NEAR BLACKROCK SHORT MATURITY BOND 0.2%
Value ($000) $2,462 Shares 49,290 Est. Cost $49.48 Unrealized
JBSS John B Sanfilippo & Son, Inc. 0.2%
Value ($000) $2,393 Shares 29,165 Est. Cost $85.56 Unrealized +0.1%
Bed Bath & Beyond, Inc. 0.2%
Value ($000) $2,349 Shares 154,957 Est. Cost $15.16 Unrealized
BCC Boise Cascade Company 0.2%
Value ($000) $2,185 Shares 30,779 Est. Cost $50.31 Unrealized +2.3%
VVV Valvoline, Inc. 0.2%
Value ($000) $2,178 Shares 58,622 Est. Cost $34.88 Unrealized 0.0%
KEYS Keysight Technologies, Inc. 0.2%
Value ($000) $1,920 Shares 9,474 Est. Cost $187.06 Unrealized 0.0%
TT Trane Technologies plc 0.2%
Value ($000) $1,824 Shares 9,360 Est. Cost $178.56 Unrealized 0.0%
LYB LyondellBasell Industries N.V. 0.2%
Value ($000) $1,701 Shares 18,261 Est. Cost $68.36 Unrealized 0.0%
PFF iShares Preferred & Income Securities ETF 0.2%
Value ($000) $1,601 Shares 40,900 Est. Cost $39.14 Unrealized
PGX Invesco Preferred ETF 0.1%
Value ($000) $1,484 Shares 99,504 Est. Cost $15.31 Unrealized
LQD iShares iBoxx Investment Grade Corporate Bond ETF 0.1%
Value ($000) $1,471 Shares 11,223 Est. Cost $133.73 Unrealized
KLAC KLA Corporation 0.1%
Value ($000) $1,424 Shares 3,273 Est. Cost $369.50 Unrealized 0.0%
CRL Charles River Laboratories International, Inc. 0.1%
Value ($000) $1,422 Shares 3,926 Est. Cost $388.52 Unrealized 0.0%
MATX Matson, Inc. 0.1%
Value ($000) $1,379 Shares 15,468 Est. Cost $80.53 Unrealized 0.0%
NOC Northrop Grumman Corporation 0.1%
Value ($000) $1,331 Shares 21,468 Est. Cost $345.19 Unrealized +0.9%
DECK Deckers Outdoor Corporation 0.1%
Value ($000) $1,325 Shares 3,600 Est. Cost $64.48 Unrealized 0.0%
PPC Pilgrim's Pride Corporation 0.1%
Value ($000) $1,245 Shares 44,290 Est. Cost $28.45 Unrealized 0.0%
Xilinx, Inc. 0.1%
Value ($000) $1,235 Shares 5,581 Est. Cost $221.29 Unrealized
TREX Trex Company, Inc. 0.1%
Value ($000) $1,084 Shares 8,211 Est. Cost $120.04 Unrealized 0.0%
BSV Vanguard Short-Term Bond ETF 0.1%
Value ($000) $981 Shares 12,160 Est. Cost $82.02 Unrealized
SUB iShares Short-Term National Muni Bond ETF 0.1%
Value ($000) $981 Shares 9,140 Est. Cost $107.16 Unrealized
SHM SPDR Nuveen Bloomberg Short Term Municipal Bond ETF 0.1%
Value ($000) $980 Shares 19,940 Est. Cost $49.31 Unrealized
FLRN SPDR Blbg Investment Grade Floating Rate ETF 0.1%
Value ($000) $980 Shares 32,030 Est. Cost $30.13 Unrealized
SMMU PIMCO Short Term Municipal Bond Active ETF 0.1%
Value ($000) $980 Shares 19,130 Est. Cost $51.00 Unrealized
SHYD VanEck Short High Yield Muni ETF 0.1%
Value ($000) $978 Shares 38,950 Est. Cost $23.83 Unrealized
SMB VanEck Short Muni ETF 0.1%
Value ($000) $978 Shares 54,720 Est. Cost $17.76 Unrealized
GPI Group 1 Automotive, Inc. 0.1%
Value ($000) $977 Shares 5,152 Est. Cost $194.36 Unrealized 0.0%
KLIC Kulicke & Soffa Industries, Inc. 0.1%
Value ($000) $966 Shares 14,771 Est. Cost $46.15 Unrealized +15.5%
PFE Pfizer, Inc. 0.1%
Value ($000) $822 Shares 11,209 Est. Cost $28.76 Unrealized +39.9%
FCX Freeport-McMoRan, Inc. 0.1%
Value ($000) $798 Shares 19,249 Est. Cost $35.78 Unrealized 0.0%
PHDG Invesco S&P 500 Downside Hedge ETF 0.1%
Value ($000) $692 Shares 18,111 Est. Cost $38.21 Unrealized
ACWX iShares MSCI ACWI ex US ETF 0.0%
Value ($000) $459 Shares 8,216 Est. Cost $55.87 Unrealized
VGIT Vanguard Intermediate-Term Treasury ETF 0.0%
Value ($000) $458 Shares 6,927 Est. Cost $66.12 Unrealized
SPAB SPDR Portfolio Aggregate Bond ETF 0.0%
Value ($000) $457 Shares 15,516 Est. Cost $29.45 Unrealized
GBF iShares Government/Credit Bond ETF 0.0%
Value ($000) $457 Shares 3,795 Est. Cost $122.13 Unrealized
EWC iShares MSCI Canada ETF 0.0%
Value ($000) $452 Shares 11,719 Est. Cost $36.61 Unrealized
SPIP SPDR Portfolio TIPS ETF 0.0%
Value ($000) $442 Shares 14,132 Est. Cost $31.14 Unrealized
LEAD Siren DIVCON Leaders Dividend 0.0%
Value ($000) $434 Shares 7,237 Est. Cost $59.97 Unrealized
SPBO SPDR Portfolio Corporate Bond 0.0%
Value ($000) $433 Shares 12,544 Est. Cost $34.52 Unrealized
Kellogg Company 0.0%
Value ($000) $433 Shares 6,696 Est. Cost $49.37 Unrealized +3.5%
AAPL Apple, Inc. 0.0%
Value ($000) $433 Shares 2,381 Est. Cost $110.83 Unrealized +39.6%
NUAG Nuveen Enhanced Yield US Aggregate Bond ETF 0.0%
Value ($000) $433 Shares 17,704 Est. Cost $24.86 Unrealized
KO Coca-Cola Company (The) 0.0%
Value ($000) $431 Shares 7,265 Est. Cost $43.51 Unrealized +13.0%
GIS General Mills, Inc. 0.0%
Value ($000) $431 Shares 6,408 Est. Cost $50.16 Unrealized +10.2%
TLH iShares 10-20 Year Treasury Bond ETF 0.0%
Value ($000) $429 Shares 2,948 Est. Cost $147.90 Unrealized
RWO SPDR Dow Jones Global Real Estate ETF 0.0%
Value ($000) $428 Shares 7,595 Est. Cost $56.35 Unrealized
MRK Merck & Company, Inc. 0.0%
Value ($000) $428 Shares 5,571 Est. Cost $63.54 Unrealized +10.0%
GD General Dynamics Corporation 0.0%
Value ($000) $427 Shares 2,059 Est. Cost $131.51 Unrealized +40.9%
MMM 3M Company 0.0%
Value ($000) $427 Shares 2,403 Est. Cost $113.36 Unrealized +12.3%
UPS United Parcel Service, Inc. 0.0%
Value ($000) $425 Shares 1,990 Est. Cost $110.79 Unrealized +52.2%
WERN Werner Enterprises, Inc. 0.0%
Value ($000) $422 Shares 8,926 Est. Cost $42.58 Unrealized +7.5%
BR Broadridge Financial Solutions, Inc. 0.0%
Value ($000) $421 Shares 2,329 Est. Cost $119.76 Unrealized +36.7%
Citrix Systems, Inc. 0.0%
Value ($000) $420 Shares 4,279 Est. Cost $121.39 Unrealized
CLX Clorox Company (The) 0.0%
Value ($000) $419 Shares 2,397 Est. Cost $170.70 Unrealized -14.7%
PCAR PACCAR, Inc. 0.0%
Value ($000) $417 Shares 4,708 Est. Cost $44.13 Unrealized +10.5%
CHRW CH Robinson Worldwide, Inc. 0.0%
Value ($000) $415 Shares 3,848 Est. Cost $74.56 Unrealized +17.8%
VZ Verizon Communications, Inc. 0.0%
Value ($000) $414 Shares 7,904 Est. Cost $42.49 Unrealized -5.0%
AMGN Amgen, Inc. 0.0%
Value ($000) $412 Shares 1,817 Est. Cost $197.26 Unrealized -6.1%
TTC Toro Company (The) 0.0%
Value ($000) $412 Shares 4,134 Est. Cost $79.62 Unrealized +25.1%
DG Dollar General Corporation 0.0%
Value ($000) $411 Shares 1,745 Est. Cost $176.59 Unrealized +16.9%
TGT Target Corporation 0.0%
Value ($000) $411 Shares 1,771 Est. Cost $128.11 Unrealized +67.2%
EBAY eBay, Inc. 0.0%
Value ($000) $411 Shares 6,158 Est. Cost $45.76 Unrealized +44.3%
JNJ Johnson & Johnson 0.0%
Value ($000) $410 Shares 2,393 Est. Cost $128.14 Unrealized +13.2%
TSCO Tractor Supply Company 0.0%
Value ($000) $410 Shares 1,739 Est. Cost $25.43 Unrealized +60.1%
PKE Park Aerospace Corporation 0.0%
Value ($000) $409 Shares 31,132 Est. Cost $12.99 Unrealized +3.4%
NEU NewMarket Corporation 0.0%
Value ($000) $406 Shares 1,186 Est. Cost $351.91 Unrealized -10.3%
RSPM Invesco S&P 500 Equal Weight Materials ETF 0.0%
Value ($000) $373 Shares 2,090 Est. Cost $169.35 Unrealized
REET iShares Global REIT ETF 0.0%
Value ($000) $370 Shares 12,154 Est. Cost $28.87 Unrealized
FREL Fidelity MSCI Real Estate Index ETF 0.0%
Value ($000) $350 Shares 10,180 Est. Cost $34.38 Unrealized
XLF Financial Select Sector SPDR Fund 0.0%
Value ($000) $342 Shares 8,646 Est. Cost $38.52 Unrealized
FTGC First Trust Global Tactical Commodity Strategy Fund 0.0%
Value ($000) $285 Shares 12,325 Est. Cost $23.12 Unrealized
COM Direxion Auspice Broad Commodity Strategy ETF 0.0%
Value ($000) $277 Shares 9,511 Est. Cost $29.12 Unrealized
RSPF Invesco S&P 500 Equal Weight Financials ETF 0.0%
Value ($000) $223 Shares 3,449 Est. Cost $64.66 Unrealized
XLE Energy Select Sector SPDR Fund 0.0%
Value ($000) $222 Shares 3,881 Est. Cost $57.20 Unrealized
EWU iShares MSCI United Kingdom ETF 0.0%
Value ($000) $221 Shares 6,583 Est. Cost $32.96 Unrealized
KCE SPDR S&P Capital Markets ETF 0.0%
Value ($000) $204 Shares 1,972 Est. Cost $103.45 Unrealized
FMAT Fidelity MSCI Materials Index ETF 0.0%
Value ($000) $202 Shares 4,069 Est. Cost $49.64 Unrealized
FAAR First Trust Alternative Absolute Return Strategy ETF 0.0%
Value ($000) $181 Shares 6,240 Est. Cost $29.01 Unrealized
QVAL Alpha Architect US Quantitative Value ETF 0.0%
Value ($000) $178 Shares 4,815 Est. Cost $36.97 Unrealized
FLQM Franklin LibertyQ US Mid Cap Equity ETF 0.0%
Value ($000) $175 Shares 3,667 Est. Cost $47.72 Unrealized
XLB Materials Select Sector SPDR Fund 0.0%
Value ($000) $171 Shares 1,912 Est. Cost $89.44 Unrealized
IUS Invesco RAFI Strategic US ETF 0.0%
Value ($000) $167 Shares 4,097 Est. Cost $40.76 Unrealized
SPHQ Invesco S&P 500 Quality ETF 0.0%
Value ($000) $160 Shares 2,996 Est. Cost $53.40 Unrealized
BCI Bloomberg All Commodity Strategy K1 Free ETF 0.0%
Value ($000) $146 Shares 6,320 Est. Cost $23.10 Unrealized
IYR iShares U.S. Real Estate ETF 0.0%
Value ($000) $145 Shares 1,261 Est. Cost $102.34 Unrealized
SPGP Invesco S&P 500 GARP ETF 0.0%
Value ($000) $132 Shares 1,361 Est. Cost $96.99 Unrealized
VAW Vanguard Materials ETF 0.0%
Value ($000) $108 Shares 553 Est. Cost $175.66 Unrealized
FXZ First Trust Materials AlphaDEX Fund 0.0%
Value ($000) $104 Shares 1,675 Est. Cost $59.57 Unrealized
SPY SPDR S&P 500 ETF Trust 0.0%
Value ($000) $96 Shares 200 Est. Cost $415.29 Unrealized
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF 0.0%
Value ($000) $95 Shares 1,899 Est. Cost $50.03 Unrealized
IYE iShares U.S. Energy ETF 0.0%
Value ($000) $85 Shares 2,750 Est. Cost $30.91 Unrealized
EES WisdomTree US SmallCap Fund 0.0%
Value ($000) $69 Shares 1,324 Est. Cost $52.11 Unrealized
FNCL Fidelity MSCI Financials Index ETF 0.0%
Value ($000) $48 Shares 858 Est. Cost $55.94 Unrealized
FENY Fidelity MSCI Energy Index ETF 0.0%
Value ($000) $48 Shares 3,107 Est. Cost $15.45 Unrealized
VNQ Vanguard Real Estate ETF 0.0%
Value ($000) $47 Shares 407 Est. Cost $115.48 Unrealized
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0%
Value ($000) $47 Shares 944 Est. Cost $49.79 Unrealized
FCG First Trust Natural Gas ETF 0.0%
Value ($000) $42 Shares 2,344 Est. Cost $17.92 Unrealized
PXI Invesco DWA Energy Momentum ETF 0.0%
Value ($000) $39 Shares 1,231 Est. Cost $31.68 Unrealized
KBWB Invesco KBW Bank ETF 0.0%
Value ($000) $38 Shares 540 Est. Cost $70.37 Unrealized
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0%
Value ($000) $36 Shares 568 Est. Cost $63.38 Unrealized
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 0.0%
Value ($000) $35 Shares 315 Est. Cost $102.94 Unrealized
XSHQ Invesco S&P SmallCap Quality ETF 0.0%
Value ($000) $27 Shares 693 Est. Cost $38.96 Unrealized
BIZD VanEck BDC Income ETF 0.0%
Value ($000) $24 Shares 1,387 Est. Cost $17.30 Unrealized
UUP Invesco DB US Dollar Index Bullish Fund 0.0%
Value ($000) $23 Shares 900 Est. Cost $25.56 Unrealized
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0%
Value ($000) $16 Shares 164 Est. Cost $97.56 Unrealized
KBE SPDR S&P Bank ETF 0.0%
Value ($000) $13 Shares 233 Est. Cost $55.79 Unrealized
CALF Pacer US Small Cap Cash Cows 100 ETF 0.0%
Value ($000) $10 Shares 239 Est. Cost $41.84 Unrealized
KRE SPDR S&P Regional Banking ETF 0.0%
Value ($000) $8 Shares 122 Est. Cost $65.57 Unrealized