Clearwater Capital Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DGRW	WISDOMTREE TR	545,369	$24,176	4.7%	$35.55	—	US QTLY DIV GRT	97717X669
DXJ	WISDOMTREE TR	416,819	$24,155	4.7%	$42.35	—	JAPN HEDGE EQT	97717W851
HEDJ	WISDOMTREE TR	309,805	$19,586	3.8%	$53.54	—	EUROPE HEDGED EQ	97717X701
FTC	FIRST TR LRG CP GRWTH ALPHAD	261,419	$18,395	3.6%	$50.35	—	COM SHS	33735K108
VRP	INVESCO EXCHNG TRADED FD TR	612,647	$15,249	3.0%	$24.85	—	VAR RATE PFD	46138G870
DLN	WISDOMTREE TR	146,185	$13,948	2.7%	$77.01	—	US LARGECAP DIVD	97717W307
XLF	SELECT SECTOR SPDR TR	493,905	$13,622	2.7%	$24.56	—	SBI INT-FINL	81369Y605
BKLN	INVESCO EXCHNG TRADED FD TR	510,324	$11,824	2.3%	$22.95	—	SR LN ETF	46138G508
TDIV	FIRST TR EXCHANGE TRADED FD	306,632	$11,781	2.3%	$26.68	—	NASD TECH DIV	33738R118
VUG	VANGUARD INDEX FDS	62,992	$10,144	2.0%	$107.69	—	GROWTH ETF	922908736
—	JPMORGAN CHASE & CO	349,161	$9,588	1.9%	$30.64	—	ALERIAN ML ETN	46625H365
FTSL	FIRST TR EXCHANGE TRADED FD	175,129	$8,415	1.6%	$48.13	—	SENIOR LN FD	33738D309
VCIT	VANGUARD SCOTTSDALE FDS	98,775	$8,251	1.6%	$88.77	—	INT-TERM CORP	92206C870
HYG	ISHARES TR	92,344	$7,982	1.6%	$85.29	—	IBOXX HI YD ETF	464288513
FXO	FIRST TR EXCHANGE TRADED FD	234,841	$7,510	1.5%	$23.96	—	FINLS ALPHADEX	33734X135
GSLC	GOLDMAN SACHS ETF TR	126,423	$7,427	1.4%	$45.53	—	EQUITY ETF	381430503
DBJP	DBX ETF TR	152,584	$6,799	1.3%	$33.40	—	XTRACK MSCI JAPN	233051507
DES	WISDOMTREE TR	219,297	$6,515	1.3%	$42.42	—	US SMALLCAP DIVD	97717W604
DBEZ	DBX ETF TR	214,280	$6,491	1.3%	$24.62	—	XTRACK MSCI EURO	233051697
STIP	ISHARES TR	65,543	$6,474	1.3%	$99.92	—	0-5 YR TIPS ETF	46429B747
MUB	ISHARES TR	58,413	$6,305	1.2%	$111.44	—	NATIONAL MUN ETF	464288414
GEM	GOLDMAN SACHS ETF TR	185,310	$6,067	1.2%	$31.87	—	ACTIVEBETA EME	381430206
RSPT	INVESCO EXCHANGE TRADED FD T	35,232	$5,930	1.2%	$158.70	—	S&P500 EQL TEC	46137V282
FTA	FIRST TR LRG CP VL ALPHADEX	107,478	$5,819	1.1%	$41.12	—	COM SHS	33735J101
VOT	VANGUARD INDEX FDS	38,649	$5,507	1.1%	$103.19	—	MCAP GR IDXVIP	922908538
AAPL	APPLE INC	23,657	$5,340	1.0%	$24.60	+100.3%	COM	037833100
OPPJ	WISDOMTREE TR	109,620	$4,950	1.0%	$34.48	—	JPN SCAP HDG EQT	97717W521
—	SPDR SERIES TRUST	132,164	$4,765	0.9%	$36.09	—	BLOOMBERG BRCLYS	78464A417
DON	WISDOMTREE TR	126,554	$4,667	0.9%	$50.59	—	US MIDCAP DIVID	97717W505
DEM	WISDOMTREE TR	100,776	$4,401	0.9%	$36.59	—	EMER MKT HIGH FD	97717W315
OPPE	WISDOMTREE TR	144,037	$4,364	0.9%	$26.41	—	EUR HDG SMLCAP	97717X552
LQD	ISHARES TR	37,707	$4,334	0.8%	$120.40	—	IBOXX INV CP ETF	464287242
FEX	FIRST TR LRGE CP CORE ALPHA	68,309	$4,264	0.8%	$44.87	—	COM SHS	33734K109
RPG	INVESCO EXCHANGE TRADED FD T	35,065	$4,217	0.8%	$114.75	—	S&P500 PUR GWT	46137V266
—	UBS AG JERSEY BRH	174,295	$4,192	0.8%	$26.04	—	ALERIAN INFRST	902641646
DHS	WISDOMTREE TR	57,244	$4,131	0.8%	$66.97	—	US HIGH DIVIDEND	97717W208
IFLN	INVESCO EXCHNG TRADED FD TR	220,298	$4,082	0.8%	$18.29	—	FNDMNTL HY CRP	46138E719
DGRS	WISDOMTREE TR	104,435	$3,937	0.8%	$29.36	—	US S CAP QTY DIV	97717X651
RPV	INVESCO EXCHANGE TRADED FD T	56,592	$3,885	0.8%	$65.79	—	S&P500 PUR VAL	46137V258
—	VANECK VECTORS ETF TR	165,095	$3,848	0.8%	$24.50	—	AMT FREE INT ETF	92189F544
MGK	VANGUARD WORLD FD	28,870	$3,700	0.7%	$83.95	—	MEGA GRWTH IND	921910816
FEM	FIRST TR EXCH TRD ALPHA FD I	146,229	$3,664	0.7%	$20.93	—	EMERG MKT ALPH	33737J182
MBB	ISHARES TR	34,206	$3,535	0.7%	$106.23	—	MBS ETF	464288588
—	VANECK VECTORS ETF TR	111,792	$3,480	0.7%	$31.89	—	HIGH YLD MUN ETF	92189F361
PGX	INVESCO EXCHNG TRADED FD TR	242,725	$3,476	0.7%	$14.56	—	PFD ETF	46138E511
SCHG	SCHWAB STRATEGIC TR	42,347	$3,473	0.7%	$56.47	—	US LCAP GR ETF	808524300
EZM	WISDOMTREE TR	83,882	$3,469	0.7%	$48.30	—	US MIDCP EARNING	97717W570
DTD	WISDOMTREE TR	35,360	$3,396	0.7%	$76.99	—	US TOTAL DIVIDND	97717W109
HEZU	ISHARES TR	114,365	$3,392	0.7%	$27.39	—	CUR HD EURZN ETF	46434V639
VMBS	VANGUARD SCOTTSDALE FDS	66,110	$3,372	0.7%	$52.50	—	MORTG-BACK SEC	92206C771
HEWJ	ISHARES TR	94,827	$3,248	0.6%	$27.77	—	HDG MSCI JAPAN	46434V886
MDIV	FIRST TR EXCHANGE TRADED FD	171,547	$3,180	0.6%	$19.14	—	MULTI ASSET DI	33738R100
FNY	FIRST TR EXCNGE TRD ALPHADEX	68,033	$3,149	0.6%	$29.96	—	MID CP GR ALPH	33737M102
DBEF	DBX ETF TR	90,872	$2,939	0.6%	$28.20	—	XTRACK MSCI EAFE	233051200
IVW	ISHARES TR	16,448	$2,914	0.6%	$138.05	—	S&P 500 GRWT ETF	464287309
XLK	SELECT SECTOR SPDR TR	36,661	$2,762	0.5%	$46.87	—	TECHNOLOGY	81369Y803
EES	WISDOMTREE TR	68,814	$2,742	0.5%	$40.45	—	US SMALLCP ERNGS	97717W562
FNX	FIRST TR MID CAP CORE ALPHAD	38,188	$2,735	0.5%	$53.62	—	COM SHS	33735B108
FYC	FIRST TR EXCNGE TRD ALPHADEX	50,990	$2,668	0.5%	$31.82	—	SML CP GRW ALP	33737M300
VLUE	ISHARES TR	28,973	$2,545	0.5%	$83.62	—	EDGE MSCI USA VL	46432F388
IWO	ISHARES TR	11,744	$2,526	0.5%	$141.58	—	RUS 2000 GRW ETF	464287648
SCHE	SCHWAB STRATEGIC TR	97,099	$2,496	0.5%	$25.42	—	EMRG MKTEQ ETF	808524706
FYX	FIRST TR SML CP CORE ALPHA F	35,751	$2,465	0.5%	$50.97	—	COM SHS	33734Y109
PRF	INVESCO EXCHANGE TRADED FD T	20,321	$2,414	0.5%	$112.58	—	FTSE RAFI 1000	46137V613
PFF	ISHARES TR	64,946	$2,411	0.5%	$39.08	—	S&P US PFD STK	464288687
SPGP	INVESCO EXCHANGE TRADED FD T	43,302	$2,361	0.5%	$50.83	—	RUSSEL 200 GWT	46137V431
QQQ	INVESCO QQQ TR	11,501	$2,137	0.4%	$171.62	—	UNIT SER 1	46090E103
VFH	VANGUARD WORLD FDS	29,979	$2,080	0.4%	$60.88	—	FINANCIALS ETF	92204A405
VBR	VANGUARD INDEX FDS	14,894	$2,076	0.4%	$121.81	—	SM CP VAL ETF	922908611
SCHM	SCHWAB STRATEGIC TR	35,516	$2,054	0.4%	$47.45	—	US MID-CAP ETF	808524508
SHYG	ISHARES TR	41,959	$1,975	0.4%	$46.31	—	0-5YR HI YL CP	46434V407
SCHX	SCHWAB STRATEGIC TR	28,281	$1,967	0.4%	$66.62	—	US LRG CAP ETF	808524201
USMV	ISHARES TR	33,788	$1,927	0.4%	$48.78	—	MIN VOL USA ETF	46429B697
IUSG	ISHARES TR	30,002	$1,864	0.4%	$54.55	—	CORE S&P US GWT	464287671
VCSH	VANGUARD SCOTTSDALE FDS	23,670	$1,850	0.4%	$80.72	—	SHRT TRM CORP BD	92206C409
HEFA	ISHARES TR	60,709	$1,818	0.4%	$25.28	—	HDG MSCI EAFE	46434V803
TIP	ISHARES TR	16,395	$1,814	0.4%	$113.02	—	TIPS BD ETF	464287176
—	ALPS ETF TR	166,880	$1,782	0.3%	$12.39	—	ALERIAN MLP	00162Q866
IYF	ISHARES TR	14,589	$1,772	0.3%	$96.68	—	U.S. FINLS ETF	464287788
BOTZ	GLOBAL X FDS	77,424	$1,771	0.3%	$24.02	—	RBTCS ARTFL INTE	37954Y715
IJH	ISHARES TR	8,354	$1,682	0.3%	$171.68	—	CORE S&P MCP ETF	464287507
FMB	FIRST TR EXCHANG TRADED FD I	32,024	$1,673	0.3%	$52.54	—	MANAGD MUN ETF	33739N108
AIRR	FIRST TR EXCHANGE TRADED FD	59,599	$1,666	0.3%	$23.66	—	RBA INDL ETF	33738R704
VYM	VANGUARD WHITEHALL FDS INC	19,008	$1,655	0.3%	$74.35	—	HIGH DIV YLD	921946406
VRIG	INVESCO ACTIVELY MANAGD ETF	61,629	$1,546	0.3%	$25.09	—	VAR RATE INVT	46090A879
SCHV	SCHWAB STRATEGIC TR	27,241	$1,528	0.3%	$46.24	—	US LCAP VA ETF	808524409
SPY	SPDR S&P 500 ETF TR	5,251	$1,527	0.3%	$212.40	—	TR UNIT	78462F103
IBB	ISHARES TR	11,936	$1,455	0.3%	$127.35	—	NASDAQ BIOTECH	464287556
PEY	INVESCO EXCHANGE TRADED FD T	80,032	$1,436	0.3%	$17.60	—	HIG YLD EQ DIV	46137V563
EEMV	ISHARES INC	24,224	$1,436	0.3%	$55.26	—	MIN VOL EMRG MKT	464286533
EEM	ISHARES TR	32,369	$1,389	0.3%	$37.61	—	MSCI EMG MKT ETF	464287234
SJNK	SPDR SER TR	46,793	$1,291	0.3%	$27.18	—	BLOOMBERG SRT TR	78468R408
IEMG	ISHARES INC	24,772	$1,283	0.3%	$54.49	—	CORE MSCI EMKT	46434G103
HYMB	SPDR SERIES TRUST	22,641	$1,274	0.2%	$58.91	—	NUV HGHYLD MUN	78464A284
XSVM	INVESCO EXCHANGE TRADED FD T	39,043	$1,267	0.2%	$32.15	—	RUSEL 2000 VAL	46137V480
CIBR	FIRST TR EXCHANGE TRADED FD	42,788	$1,220	0.2%	$24.04	—	NASDAQ CYB ETF	33734X846
—	HD SUPPLY HLDGS INC	28,225	$1,208	0.2%	$33.90	—	COM	40416M105
PRFZ	INVESCO EXCHANGE TRADED FD T	8,487	$1,207	0.2%	$139.13	—	FTSE RAFI 1500	46137V597
SCHZ	SCHWAB STRATEGIC TR	23,970	$1,204	0.2%	$50.34	—	US AGGREGATE B	808524839
—	HD SUPPLY HLDGS INC	28,000	$1,198	0.2%	$33.90	—	Put	40416M105
DGRE	WISDOMTREE TR	46,530	$1,114	0.2%	$21.76	—	EM MKTS QTLY DIV	97717W323
HYLS	FIRST TR EXCHANGE TRADED FD	23,266	$1,112	0.2%	$47.88	—	FIRST TR TA HIYL	33738D408
SCHA	SCHWAB STRATEGIC TR	14,304	$1,090	0.2%	$72.16	—	US SML CAP ETF	808524607
IJT	ISHARES TR	5,341	$1,077	0.2%	$146.65	—	S&P SML 600 GWT	464287887
IXN	ISHARES TR	6,095	$1,067	0.2%	$96.85	—	GLOBAL TECH ETF	464287291
VBK	VANGUARD INDEX FDS	5,417	$1,015	0.2%	$126.52	—	SML CP GRW ETF	922908595
IYW	ISHARES TR	4,864	$944	0.2%	$105.12	—	U.S. TECH ETF	464287721
IVV	ISHARES TR	3,203	$938	0.2%	$224.38	—	CORE S&P500 ETF	464287200
SPLV	INVESCO EXCHNG TRADED FD TR	18,917	$937	0.2%	$47.42	—	S&P500 LOW VOL	46138E354
IWP	ISHARES TR	6,846	$928	0.2%	$101.28	—	RUS MD CP GR ETF	464287481
JNJ	JOHNSON & JOHNSON	6,613	$914	0.2%	$100.45	+7.6%	COM	478160104
INTF	ISHARES TR	32,169	$903	0.2%	$28.07	—	MULTIFACTOR INTL	46434V274
—	WISDOMTREE TR	25,188	$844	0.2%	$44.62	—	US TOTAL EARNING	97717W596
QUAL	ISHARES TR	9,193	$831	0.2%	$90.39	—	USA QUALITY FCTR	46432F339
KBWY	INVESCO EXCHNG TRADED FD TR	24,271	$822	0.2%	$35.71	—	KBW PREM YIELD	46138E594
IJK	ISHARES TR	3,454	$805	0.2%	$169.77	—	S&P MC 400GR ETF	464287606
DGS	WISDOMTREE TR	17,593	$803	0.2%	$43.46	—	EMG MKTS SMCAP	97717W281
MTUM	ISHARES TR	6,494	$773	0.2%	$119.03	—	USA MOMENTUM FCT	46432F396
MSFT	MICROSOFT CORP	6,551	$749	0.1%	$63.95	+57.6%	COM	594918104
PGF	INVESCO EXCHANGE TRADED FD T	38,777	$705	0.1%	$18.46	—	FINL PFD ETF	46137V621
FPE	FIRST TR EXCHANGE-TRADED FD	36,919	$705	0.1%	$19.55	—	PFD SECS INC ETF	33739E108
FLOT	ISHARES TR	13,480	$688	0.1%	$50.93	—	FLTG RATE NT ETF	46429B655
QABA	FIRST TR NASDAQ ABA CMNTY BK	12,594	$672	0.1%	$48.99	—	UT COM SHS ETF	33736Q104
SLYG	SPDR SERIES TRUST	9,888	$667	0.1%	$96.96	—	S&P 600 SMCP GRW	78464A201
VO	VANGUARD INDEX FDS	4,062	$667	0.1%	$130.59	—	MID CAP ETF	922908629
SCHF	SCHWAB STRATEGIC TR	19,840	$665	0.1%	$33.52	—	INTL EQTY ETF	808524805
RZG	INVESCO EXCHANGE TRADED FD T	4,926	$660	0.1%	$127.01	—	S&P SML600 GWT	46137V175
JPM	JPMORGAN CHASE & CO	5,830	$658	0.1%	$55.06	+68.2%	COM	46625H100
SPYG	SPDR SERIES TRUST	16,968	$649	0.1%	$55.34	—	PRTFLO S&P500 GW	78464A409
RFG	INVESCO EXCHANGE TRADED FD T	3,914	$647	0.1%	$161.58	—	S&P MDCP400 PR	46137V217
META	FACEBOOK INC	3,931	$646	0.1%	$115.58	+55.5%	CL A	30303M102
BAC	BANK AMER CORP	21,857	$644	0.1%	$16.77	+51.9%	COM	060505104
EMGF	ISHARES INC	14,759	$638	0.1%	$43.23	—	MLT FCTR EMG MKT	46434G889
—	WISDOMTREE TR	21,744	$629	0.1%	$20.48	—	JAP HDG QTLY DIV	97717X586
PDBC	INVESCO ACTIVELY MANAGD ETF	33,302	$625	0.1%	$18.77	—	OPTIMUM YIELD	46090F100
SRLN	SSGA ACTIVE ETF TR	11,493	$544	0.1%	$47.26	—	BLKSTN GSOSRLN	78467V608
FNK	FIRST TR EXCNGE TRD ALPHADEX	14,734	$542	0.1%	$31.82	—	MID CAP VAL FD	33737M201
FLRN	SPDR SER TR	17,166	$529	0.1%	$30.82	—	BLOMBERG BRC INV	78468R200
VNQ	VANGUARD INDEX FDS	6,535	$527	0.1%	$87.66	—	REAL ESTATE ETF	922908553
IJS	ISHARES TR	3,077	$514	0.1%	$117.42	—	SP SMCP600VL ETF	464287879
DVY	ISHARES TR	5,068	$506	0.1%	$93.13	—	SELECT DIVID ETF	464287168
—	ETF MANAGERS TR	12,434	$499	0.1%	$34.07	—	PRIME CYBR SCRTY	26924G201
—	UBS AG LONDON BRH	27,196	$469	0.1%	$19.38	—	ETRAC ALER MLP	90267B682
HD	HOME DEPOT INC	2,158	$447	0.1%	$108.32	+55.1%	COM	437076102
FV	FIRST TR EXCHANGE TRADED FD	14,043	$434	0.1%	$22.34	—	DORSEY WRT 5 ETF	33738R605
IJR	ISHARES TR	4,968	$433	0.1%	$83.96	—	CORE S&P SCP ETF	464287804
SLQD	ISHARES TR	8,590	$427	0.1%	$50.19	—	0-5YR INVT GR CP	46434V100
VGT	VANGUARD WORLD FDS	2,075	$420	0.1%	$137.79	—	INF TECH ETF	92204A702
AMGN	AMGEN INC	1,998	$414	0.1%	$117.02	+34.5%	COM	031162100
FXH	FIRST TR EXCHANGE TRADED FD	4,561	$387	0.1%	$59.68	—	HLTH CARE ALPH	33734X143
RSP	INVESCO EXCHANGE TRADED FD T	3,596	$384	0.1%	$101.78	—	S&P500 EQL WGT	46137V357
IDU	ISHARES TR	2,695	$361	0.1%	$127.27	—	U.S. UTILITS ETF	464287697
AMZN	AMAZON COM INC	172	$345	0.1%	$72.67	+29.4%	COM	023135106
—	WISDOMTREE TR	11,510	$344	0.1%	$23.54	—	GERMANY HEDEQ FD	97717W448
CSCO	CISCO SYS INC	6,781	$330	0.1%	$25.53	+41.2%	COM	17275R102
LMT	LOCKHEED MARTIN CORP	938	$325	0.1%	$211.45	+25.0%	COM	539830109
CVX	CHEVRON CORP NEW	2,613	$320	0.1%	$76.32	+15.2%	COM	166764100
DIS	DISNEY WALT CO	2,693	$315	0.1%	$93.13	+14.4%	COM DISNEY	254687106
MCD	MCDONALDS CORP	1,881	$315	0.1%	$109.31	+23.3%	COM	580135101
IWF	ISHARES TR	2,022	$315	0.1%	$126.90	—	RUS 1000 GRW ETF	464287614
SUB	ISHARES TR	3,000	$314	0.1%	$105.02	—	SHRT NAT MUN ETF	464288158
BABA	ALIBABA GROUP HLDG LTD	1,796	$296	0.1%	$115.51	—	SPONSORED ADS	01609W102
INTC	INTEL CORP	6,172	$292	0.1%	$30.89	+34.4%	COM	458140100
SCHC	SCHWAB STRATEGIC TR	8,107	$289	0.1%	$35.65	—	INTL SCEQT ETF	808524888
VWO	VANGUARD INTL EQUITY INDEX F	6,959	$285	0.1%	$44.21	—	FTSE EMR MKT ETF	922042858
XSMO	INVESCO EXCHANGE TRADED FD T	6,971	$277	0.1%	$36.58	—	RUSEL 2000 PUR	46137V498
IMCB	ISHARES TR	1,445	$274	0.1%	$148.79	—	MRGSTR MD CP ETF	464288208
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,259	$270	0.1%	$205.18	0.0%	CL B NEW	084670702
MDY	SPDR S&P MIDCAP 400 ETF TR	732	$269	0.1%	$312.40	—	UTSER1 S&PDCRP	78467Y107
AOA	ISHARES TR	4,814	$263	0.1%	$51.40	—	AGGRES ALLOC ETF	464289859
DTH	WISDOMTREE TR	6,265	$262	0.1%	$35.77	—	ITL HIGH DIV FD	97717W802
SHM	SPDR SER TR	5,471	$261	0.1%	$48.92	—	NUVEEN BLMBRG SR	78468R739
IXUS	ISHARES TR	4,203	$253	0.0%	$61.22	—	CORE MSCI TOTAL	46432F834
T	AT&T INC	7,496	$252	0.0%	$16.00	-9.5%	COM	00206R102
DLS	WISDOMTREE TR	3,476	$247	0.0%	$66.71	—	INTL SMCAP DIV	97717W760
VTEB	VANGUARD MUN BD FD INC	4,745	$240	0.0%	$50.58	—	TAX EXEMPT BD	922907746
—	STERICYCLE INC	4,064	$238	0.0%	$102.83	—	COM	858912108
PFE	PFIZER INC	5,291	$233	0.0%	$27.65	0.0%	COM	717081103
—	FIRST TR EXCNGE TRD ALPHADEX	6,146	$229	0.0%	$26.05	—	MEGA CAP ALPHA	33737M508
—	BLACKSTONE GROUP L P	5,940	$226	0.0%	$31.94	—	COM UNIT LTD	09253U108
PZA	INVESCO EXCHNG TRADED FD TR	8,960	$222	0.0%	$25.11	—	NATL AMT MUNI	46138E537
GOOG	ALPHABET INC	183	$218	0.0%	$54.79	+8.5%	CAP STK CL C	02079K107
ABBV	ABBVIE INC	2,227	$211	0.0%	$69.17	0.0%	COM	00287Y109
VZ	VERIZON COMMUNICATIONS INC	3,903	$208	0.0%	$35.64	0.0%	COM	92343V104
FDX	FEDEX CORP	856	$206	0.0%	$212.22	0.0%	COM	31428X106
BMO	BANK MONTREAL QUE	2,446	$202	0.0%	$59.01	0.0%	COM	063671101
GOOGL	ALPHABET INC	166	$200	0.0%	$60.08	0.0%	CAP STK CL A	02079K305
NFLX	NETFLIX INC	535	$200	0.0%	$27.22	+33.3%	COM	64110L106