INTEGRATED CAPITAL MANAGEMENT, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWD	ISHARES RUSSELL 1000 VALUE ETF	79,324	$12,582	9.9%	$114.83	—	RUS 1000 VAL ETF	464287598
SPIB	SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF	339,599	$12,463	9.8%	$33.42	—	PORTFOLIO INTRMD	78464A375
PDBC	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NOA K-1A ETF	584,877	$11,750	9.2%	$14.38	—	OPTIMUM YIELD	46090F100
VIG	VANGUARD DIVIDEND APPRECIATION ETF	72,535	$11,227	8.8%	$98.59	—	DIV APP ETF	921908844
SPDW	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	295,545	$10,873	8.5%	$35.43	—	PORTFOLIO DEVLPD	78463X889
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES ETF	109,514	$5,844	4.6%	$51.73	—	MORTG-BACK SEC	92206C771
EFV	ISHARES MSCI EAFE VALUE ETF	112,652	$5,830	4.6%	$43.45	—	EAFE VALUE ETF	464288877
JQUA	JPMORGAN U.S. QUALITY FACTOR ETF	135,780	$5,553	4.3%	$25.77	—	US QUALTY FCTR	46641Q761
MFEM	PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF	169,260	$5,241	4.1%	$28.90	—	RAFI DYN EMERG	72202L389
VIOV	VANGUARD S&P SMALL-CAP 600 VALUE ETF	26,949	$4,914	3.8%	$106.39	—	SMLCP 600 VAL	921932778
SPTM	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	87,290	$4,623	3.6%	$49.61	—	PORTFOLI S&P1500	78464A805
SPTI	SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF	124,763	$4,039	3.2%	$32.09	—	PORTFLI INTRMDIT	78464A672
SPTS	SPDR PORTFOLIO SHORT TERM TREASURY ETF	119,587	$3,664	2.9%	$30.66	—	PORTFOLIO SH TSR	78468R101
EMLC	VANECK VECTORS J.P. MORGAN EM LOCAL CURRENCY BOND ETF	106,105	$3,329	2.6%	$32.58	—	JP MORGAN MKTS	92189H300
RPV	RYDEX ETF TRUST S&P 500 PURE VALUE	41,336	$3,189	2.5%	$51.34	—	S&P500 PUR VAL	46137V258
IWF	ISHARES RUSSELL 1000 GROWTH ETF	10,929	$2,967	2.3%	$134.88	—	RUS 1000 GRW ETF	464287614
VTI	VANGUARD TOTAL STK MKT	12,120	$2,700	2.1%	$174.25	—	TOTAL STK MKT	922908769
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	34,316	$1,767	1.4%	$36.55	—	FTSE DEV MKT ETF	921943858
SPTL	SPDR PORTFOLIO LONG TERM TREASURY ETF	37,629	$1,554	1.2%	$39.06	—	PORTFOLIO LN TSR	78464A664
SPAB	SPDR PORTFOLIO AGGREGATE BOND ETF	39,205	$1,176	0.9%	$29.82	—	PORTFOLIO AGRGTE	78464A649
IJT	ISHARES S&P SMALL-CAP 600 GROWTH ETF	6,161	$817	0.6%	$132.61	—	S&P SML 600 GWT	464287887
QQQ	POWERSHARES QQQ TR	2,294	$813	0.6%	$354.40	—	UNIT SER 1	46090E103
DES	WISDOMTREE U.S. SMALLCAP DIVIDEND FUND	18,148	$577	0.5%	$31.79	—	US SMALLCAP DIVD	97717W604
VXUS	VANGUARD TOTAL INTERNATIONAL STOCK ETF	8,030	$528	0.4%	$65.75	—	VG TL INTL STK F	921909768
TFI	SPDR MUNICIPAL BOND ETF	9,519	$496	0.4%	$52.08	—	NUVEEN BRC MUNIC	78468R721
DBEF	X-TRACKERS MSCI EAFE HEDGED EQUITY ETF	8,012	$301	0.2%	$37.57	—	XTRACK MSCI EAFE	233051200
MSFT	MICROSOFT	900	$243	0.2%	$206.04	+18.8%	COM	594918104
—	BNY MELLON HIGH YIELD STRATEGI SH BEN INT	52,236	$190	0.1%	$2.95	—	SH BEN INT	09660L105
—	ABERDEEN TOTAL DYNAMIC DIVD FD COM SH BEN INT	18,096	$184	0.1%	$7.49	—	COM SH BEN INT	00326L100
—	BLACKROCK ENHANCED GLOBAL DIVI COM	14,188	$178	0.1%	$10.11	—	COM	092501105
—	NUVEEN DOW 30 DYNMC OVERWRT FD SHS	10,516	$178	0.1%	$16.93	—	SHS	67075F105
—	BOULDER GROWTH & INCOME FD INC COM	13,118	$177	0.1%	$9.06	—	COM	101507101
—	NUVEEN AMT FREE QLTY MUN INCME COM	11,264	$176	0.1%	$15.63	—	COM	670657105
—	NUVEEN QUALITY MUNCP INCOME FD COM	10,889	$174	0.1%	$15.98	—	COM	67066V101
—	HANCOCK JOHN INVT TR TAX ADV GLB SH	24,848	$173	0.1%	$6.24	—	TAX ADV GLB SH	41013P749
—	VOYA GLBL EQTY DIV & PREM OPP COM	29,168	$173	0.1%	$5.57	—	COM	92912T100
—	CREDIT SUISSE HIGH YIELD BD FD SH BEN INT	67,783	$170	0.1%	$2.26	—	SH BEN INT	22544F103
—	NUVEEN FLOATING RATE INCOME FD COM	17,026	$170	0.1%	$8.17	—	COM	67072T108
—	NUVEEN SR INCOME FD COM	28,596	$169	0.1%	$5.45	—	COM	67067Y104
—	INVESCO SR INCOME TR COM	38,086	$169	0.1%	$4.05	—	COM	46131H107
—	NUVEEN FLOATING RATE INCOME OP COM SHS	17,165	$167	0.1%	$8.01	—	COM SHS	6706EN100
—	WESTERN ASSET MTG DEFINED OPPO COM	10,723	$167	0.1%	$15.57	—	COM	95790B109
—	ABERDEEN ASIA-PACIFIC INCOME F COM	37,871	$167	0.1%	$4.10	—	COM	003009107
—	BLACKROCK MUNIYIELD QUALITY FD COM	11,179	$166	0.1%	$14.85	—	COM	09254E103
—	PIMCO HIGH INCOME FD	24,328	$166	0.1%	$6.17	—	COM SHS	722014107
—	ALLIANCEBERNSTEIN GLOBAL HIGH COM	13,232	$165	0.1%	$10.89	—	COM	01879R106
—	BLACKROCK FLOATING RATE INCOME COM	12,488	$165	0.1%	$13.05	—	COM	09255X100
—	WELLS FARGO ADVANTAGE INCOME O WF INC OPPTY FD	18,781	$165	0.1%	$7.04	—	WF INC OPPTY FD	94987B105
—	TEMPLETON GLOBAL INCOME FD COM	29,460	$164	0.1%	$5.71	—	COM	880198106
—	WESTERN ASSET HIGH INCOME OPPO COM	31,229	$164	0.1%	$4.97	—	COM	95766K109
—	TEMPLETON EMERGING MKTS INCOME COM	20,686	$164	0.1%	$7.56	—	COM	880192109
—	INVESCO HIGH INCOME TR II COM	11,000	$164	0.1%	$14.02	—	COM	46131F101
—	EATON VANCE MUN BD FD COM	12,024	$164	0.1%	$13.32	—	COM	27827X101
—	ABERDEEN GLOBAL DYNAMIC DIVID COM	13,739	$164	0.1%	$8.16	—	COM	00302M106
XMYDX	BLACKROCK MUNIYIELD FD INC COM	10,886	$164	0.1%	$15.07	—	COM	09253W104
—	DWS MUN INCOME TR COM	13,415	$164	0.1%	$11.67	—	COM	233368109
—	APOLLO SR FLOATING RATE FD INC COM	10,378	$163	0.1%	$15.71	—	COM	037636107
XMVFX	BLACKROCK MUNIVEST FD INC COM	16,998	$163	0.1%	$8.86	—	COM	09253R105
—	FEDERATED HERMES PREM MUNI INM COM	10,469	$163	0.1%	$15.57	—	COM	31423P108
—	GDL FD COM SH BEN IT	18,049	$163	0.1%	$8.24	—	COM SH BEN IT	361570104
—	NUVEEN SHORT DURATION CR OPPOR COM	10,919	$163	0.1%	$14.93	—	COM	67074X107
XPMAX	PIONEER MUNICIPAL HIGH INCOME COM	13,254	$163	0.1%	$11.90	—	COM	723762100
—	EATON VANCE SR FLTNG RTE TR COM	11,498	$162	0.1%	$13.81	—	COM	27828Q105
—	EATON VANCE MUNI INCOME TRUST SH BEN INT	11,612	$162	0.1%	$13.82	—	SH BEN INT	27826U108
XPHTX	PIONEER HIGH INCOME FUND INC COM	16,724	$162	0.1%	$7.10	—	COM	72369H106
—	HIGHLAND INCOME FD HIGHLAND INCOME	14,884	$162	0.1%	$11.07	—	HIGHLAND INCOME	43010E404
—	SABA CAPITAL INCOME & OPRNT FD SHARES	34,588	$162	0.1%	$4.68	—	SHARES	78518H103
—	WESTERN ASSET INTER MUNI FD IN COM	16,673	$162	0.1%	$8.87	—	COM	958435109
—	BNY MELLON STRATEGIC MUN BD FD COM	19,767	$162	0.1%	$7.49	—	COM	09662E109
—	BLACKSTONE LONG SHORT CR INCOM COM SHS BN INT	10,744	$162	0.1%	$15.08	—	COM SHS BN INT	09257D102
—	BLACKROCK DEBT STRATEGIES FD I COM NEW	14,108	$161	0.1%	$10.19	—	COM NEW	09255R202
XXHYBXX	NEW AMER HIGH INCOME FD INC COM NEW	17,453	$161	0.1%	$7.54	—	COM NEW	641876800
—	MFS MUN INCOME TR SH BEN INT	22,603	$161	0.1%	$6.87	—	SH BEN INT	552738106
XHNWX	PIONEER DIVERSIFIED HIGH INC COM	10,549	$160	0.1%	$15.17	—	COM	723653101
XMHIX	PIONEER MUNICIPAL HIGH INCOME COM SHS	12,368	$160	0.1%	$12.42	—	COM SHS	723763108
—	DWS STRATEGIC MUN INCOME TR NE COM	12,774	$160	0.1%	$11.54	—	COM	23342Q101
—	BLACKROCK GLOBAL FLOATING RATE COM	12,357	$158	0.1%	$12.58	—	COM	091941104
—	MORGAN STANLEY EMKT DBT FD INC COM	16,896	$157	0.1%	$8.70	—	COM	61744H105
—	JAPAN SMALLER CAPITALIZATION F COM	17,320	$156	0.1%	$7.62	—	COM	47109U104