INTEGRATED CAPITAL MANAGEMENT, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWD	ISHARES RUSSELL 1000 VALUE ETF	77,997	$12,207	10.0%	$114.83	—	RUS 1000 VAL ETF	464287598
SPIB	SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF	325,829	$11,899	9.7%	$33.42	—	PORTFOLIO INTRMD	78464A375
PDBC	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NOA K-1A ETF	529,538	$11,146	9.1%	$14.38	—	OPTIMUM YIELD	46090F100
SPDW	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	297,876	$10,786	8.8%	$35.43	—	PORTFOLIO DEVLPD	78463X889
VIG	VANGUARD DIVIDEND APPRECIATION ETF	66,670	$10,240	8.4%	$98.59	—	DIV APP ETF	921908844
EFV	ISHARES MSCI EAFE VALUE ETF	117,053	$5,952	4.9%	$43.73	—	EAFE VALUE ETF	464288877
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES ETF	105,471	$5,620	4.6%	$51.73	—	MTG-BKD SECS ETF	92206C771
JQUA	JPMORGAN U.S. QUALITY FACTOR ETF	133,082	$5,447	4.5%	$25.77	—	US QUALTY FCTR	46641Q761
MFEM	PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF	172,016	$5,065	4.1%	$28.91	—	RAFI DYN EMERG	72202L389
SPTM	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	94,309	$4,997	4.1%	$49.87	—	PORTFOLI S&P1500	78464A805
VIOV	VANGUARD S&P SMALL-CAP 600 VALUE ETF	24,850	$4,324	3.5%	$106.39	—	SMLCP 600 VAL	921932778
SPTI	SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF	119,964	$3,876	3.2%	$32.09	—	PORTFLI INTRMDIT	78464A672
EMLC	VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF	120,335	$3,606	2.9%	$32.27	—	JP MRGAN EM LOC	92189H300
SPTS	SPDR PORTFOLIO SHORT TERM TREASURY ETF	114,449	$3,505	2.9%	$30.66	—	PORTFOLIO SH TSR	78468R101
IWF	ISHARES RUSSELL 1000 GROWTH ETF	10,732	$2,941	2.4%	$134.88	—	RUS 1000 GRW ETF	464287614
RPV	RYDEX ETF TRUST S&P 500 PURE VALUE	35,764	$2,711	2.2%	$51.34	—	S&P500 PUR VAL	46137V258
SPAB	SPDR PORTFOLIO AGGREGATE BOND ETF	84,978	$2,536	2.1%	$29.83	—	PORTFOLIO AGRGTE	78464A649
VTI	VANGUARD TOTAL STK MKT	9,461	$2,100	1.7%	$174.25	—	TOTAL STK MKT	922908769
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	34,176	$1,725	1.4%	$36.55	—	FTSE DEV MKT ETF	921943858
SPTL	SPDR PORTFOLIO LONG TERM TREASURY ETF	36,302	$1,498	1.2%	$39.06	—	PORTFOLIO LN TSR	78464A664
TFI	SPDR MUNICIPAL BOND ETF	22,433	$1,156	0.9%	$51.76	—	NUVEEN BRC MUNIC	78468R721
GOVT	ISHARES U.S. TREASURY BOND ETF	15,321	$406	0.3%	$26.50	—	US TREAS BD ETF	46429B267
MSFT	MICROSOFT	900	$253	0.2%	$206.04	+36.3%	COM	594918104
—	INVESCO SR INCOME TR COM	45,851	$204	0.2%	$4.11	—	COM	46131H107
—	NUVEEN FLOATING RATE INCOME FD COM	20,147	$202	0.2%	$8.46	—	COM	67072T108
—	HIGHLAND INCOME FD HIGHLAND INCOME	18,628	$200	0.2%	$11.01	—	HIGHLAND INCOME	43010E404
—	ABERDEEN ASIA-PACIFIC INCOME F COM	47,609	$197	0.2%	$4.11	—	COM	003009107
—	NUVEEN FLOATING RATE INCOME OP COM SHS	19,748	$197	0.2%	$8.27	—	COM SHS	6706EN100
—	NUVEEN SR INCOME FD COM	33,461	$195	0.2%	$5.51	—	COM	67067Y104
—	ABERDEEN TOTAL DYNAMIC DIVD FD COM SH BEN INT	20,101	$195	0.2%	$7.71	—	COM SH BEN INT	00326L100
—	CREDIT SUISSE HIGH YIELD BD FD SH BEN INT	79,258	$195	0.2%	$2.29	—	SH BEN INT	22544F103
—	BLACKROCK MUNIYIELD QUALITY FD COM	13,219	$194	0.2%	$14.82	—	COM	09254E103
—	NUVEEN DOW 30 DYNMC OVERWRT FD SHS	11,519	$192	0.2%	$16.90	—	SHS	67075F105
—	EATON VANCE MUN BD FD COM	14,320	$191	0.2%	$13.33	—	COM	27827X101
—	BLACKROCK FLOATING RATE INCOME COM	14,330	$191	0.2%	$13.09	—	COM	09255X100
—	VOYA GLBL EQTY DIV & PREM OPP COM	32,315	$190	0.2%	$5.60	—	COM	92912T100
—	ALLIANCEBERNSTEIN GLOBAL HIGH COM	15,327	$188	0.2%	$11.08	—	COM	01879R106
—	BOULDER GROWTH & INCOME FD INC COM	14,301	$187	0.2%	$9.39	—	COM	101507101
—	WELLS FARGO ADVANTAGE INCOME O WF INC OPPTY FD	21,270	$187	0.2%	$7.24	—	WF INC OPPTY FD	94987B105
—	TEMPLETON GLOBAL INCOME FD COM	34,785	$187	0.2%	$5.66	—	COM	880198106
—	PIMCO HIGH INCOME FD	29,668	$186	0.2%	$6.18	—	COM SHS	722014107
—	BLACKROCK GLOBAL FLOATING RATE COM	14,037	$186	0.2%	$12.66	—	COM	091941104
—	BLACKROCK DEBT STRATEGIES FD I COM NEW	16,161	$186	0.2%	$10.36	—	COM NEW	09255R202
—	BLACKROCK ENHANCED GLOBAL DIVI COM	15,833	$185	0.2%	$10.27	—	COM	092501105
XXHYBXX	NEW AMER HIGH INCOME FD INC COM NEW	19,422	$185	0.2%	$7.74	—	COM NEW	641876800
XMYDX	BLACKROCK MUNIYIELD FD INC COM	12,417	$184	0.2%	$15.03	—	COM	09253W104
—	APOLLO SR FLOATING RATE FD INC COM	11,675	$184	0.2%	$15.71	—	COM	037636107
—	EATON VANCE MUNI INCOME TRUST SH BEN INT	13,284	$183	0.1%	$13.81	—	SH BEN INT	27826U108
—	SABA CAPITAL INCOME & OPRNT FD SHARES	40,371	$183	0.1%	$4.66	—	SHARES	78518H103
—	WESTERN ASSET HIGH INCOME OPPO COM	35,132	$182	0.1%	$4.99	—	COM	95766K109
—	WESTERN ASSET MTG DEFINED OPPO COM	11,809	$182	0.1%	$15.56	—	COM	95790B109
XMVFX	BLACKROCK MUNIVEST FD INC COM	19,320	$182	0.1%	$8.93	—	COM	09253R105
—	BLACKSTONE SENIOR FLOATNG RATE COM	11,057	$181	0.1%	$16.37	—	COM	09256U105
—	DWS MUN INCOME TR COM	15,096	$179	0.1%	$11.69	—	COM	233368109
XPMAX	PIONEER MUNICIPAL HIGH INCOME COM	15,418	$178	0.1%	$11.85	—	COM	723762100
—	BNY MELLON STRATEGIC MUN BD FD COM	22,220	$177	0.1%	$7.55	—	COM	09662E109
—	WESTERN ASSET INTER MUNI FD IN COM	18,168	$177	0.1%	$8.94	—	COM	958435109
—	GDL FD COM SH BEN IT	19,710	$177	0.1%	$8.30	—	COM SH BEN IT	361570104
—	INVESCO HIGH INCOME TR II COM	12,011	$175	0.1%	$14.07	—	COM	46131F101
—	NUVEEN AMT-FREE MUN VALUE FD COM	10,321	$175	0.1%	$16.96	—	COM	670695105
—	TEMPLETON EMERGING MKTS FD COM	10,346	$175	0.1%	$16.91	—	COM	880191101
—	JAPAN SMALLER CAPITALIZATION F COM	19,242	$174	0.1%	$7.76	—	COM	47109U104
—	ABERDEEN GLOBAL DYNAMIC DIVID COM	14,994	$174	0.1%	$8.45	—	COM	00302M106
—	MFS MUN INCOME TR SH BEN INT	24,671	$172	0.1%	$6.88	—	SH BEN INT	552738106
—	DWS STRATEGIC MUN INCOME TR NE COM	13,942	$171	0.1%	$11.60	—	COM	23342Q101
XMHIX	PIONEER MUNICIPAL HIGH INCOME COM SHS	14,051	$170	0.1%	$12.38	—	COM SHS	723763108
—	MORGAN STANLEY EMKT DBT FD INC COM	18,614	$169	0.1%	$8.73	—	COM	61744H105
—	BLACKROCK MUNIHOLDINGS FD INC COM	10,342	$169	0.1%	$16.34	—	COM	09253N104