Clearwater Capital Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DGRW	WISDOMTREE TR	827,007	$40,085	6.7%	$38.95	—	US QTLY DIV GRT	97717X669
SHY	ISHARES TR	407,075	$34,451	5.7%	$84.25	—	1 3 YR TREAS BD	464287457
SCHX	SCHWAB STRATEGIC TR	407,134	$31,272	5.2%	$71.28	—	US LRG CAP ETF	808524201
BIL	SPDR SERIES TRUST	274,672	$25,113	4.2%	$91.57	—	SPDR BLOOMBERG	78468R663
INTF	ISHARES TR	923,444	$24,979	4.2%	$25.87	—	MULTIFACTOR INTL	46434V274
LRGF	ISHARES TR	680,560	$23,466	3.9%	$32.51	—	MULTIFACTOR USA	46434V282
NEAR	ISHARES US ETF TR	459,540	$23,092	3.8%	$50.31	—	SHT MAT BD ETF	46431W507
—	WISDOMTREE TR	906,906	$22,727	3.8%	$25.07	—	FLOATNG RAT TREA	97717X628
DBEF	DBX ETF TR	628,499	$21,231	3.5%	$31.01	—	XTRACK MSCI EAFE	233051200
FLRN	SPDR SERIES TRUST	561,588	$17,258	2.9%	$30.70	—	BLOMBERG BRC INV	78468R200
STIP	ISHARES TR	151,847	$15,293	2.5%	$100.15	—	0-5 YR TIPS ETF	46429B747
SCHE	SCHWAB STRATEGIC TR	503,459	$13,780	2.3%	$25.27	—	EMRG MKTEQ ETF	808524706
DLN	WISDOMTREE TR	105,541	$11,180	1.9%	$77.01	—	US LARGECAP DIVD	97717W307
MUB	ISHARES TR	94,851	$10,804	1.8%	$111.44	—	NATIONAL MUN ETF	464288414
FPE	FIRST TR EXCHANGE-TRADED FD	458,623	$9,205	1.5%	$19.50	—	PFD SECS INC ETF	33739E108
FTC	FIRST TR LRG CP GRWTH ALPHAD	125,226	$9,131	1.5%	$50.35	—	COM SHS	33735K108
AGGY	WISDOMTREE TR	170,977	$8,934	1.5%	$50.88	—	YIELD ENHANCD US	97717X511
—	JPMORGAN CHASE & CO	409,191	$8,924	1.5%	$28.74	—	ALERIAN ML ETN	46625H365
VUG	VANGUARD INDEX FDS	44,813	$8,164	1.4%	$107.69	—	GROWTH ETF	922908736
SCHM	SCHWAB STRATEGIC TR	126,040	$7,581	1.3%	$52.78	—	US MID-CAP ETF	808524508
EMGF	ISHARES INC	160,597	$7,315	1.2%	$41.72	—	MLT FCTR EMG MKT	46434G889
HEDJ	WISDOMTREE TR	100,833	$7,118	1.2%	$53.54	—	EUROPE HEDGED EQ	97717X701
SCHA	SCHWAB STRATEGIC TR	93,840	$7,098	1.2%	$69.60	—	US SML CAP ETF	808524607
VCIT	VANGUARD SCOTTSDALE FDS	66,583	$6,081	1.0%	$88.77	—	INT-TERM CORP	92206C870
AAPL	APPLE INC	20,650	$6,064	1.0%	$25.76	+140.8%	COM	037833100
SCHC	SCHWAB STRATEGIC TR	174,460	$6,045	1.0%	$31.83	—	INTL SCEQT ETF	808524888
SCHZ	SCHWAB STRATEGIC TR	112,886	$6,031	1.0%	$52.09	—	US AGGREGATE B	808524839
TDIV	FIRST TR EXCHANGE TRADED FD	132,168	$5,699	0.9%	$26.68	—	NASD TECH DIV	33738R118
DXJ	WISDOMTREE TR	98,666	$5,306	0.9%	$42.35	—	JAPN HEDGE EQT	97717W851
IGIB	ISHARES TR	91,219	$5,289	0.9%	$54.65	—	INTRM TR CRP ETF	464288638
EZM	WISDOMTREE TR	113,660	$4,784	0.8%	$45.29	—	US MIDCAP FUND	97717W570
GSLC	GOLDMAN SACHS ETF TR	70,005	$4,527	0.8%	$45.53	—	EQUITY ETF	381430503
ITM	VANECK VECTORS ETF TR	78,955	$3,966	0.7%	$47.47	—	AMT FREE INT ETF	92189H201
SMLF	ISHARES TR	91,798	$3,939	0.7%	$39.88	—	MULTIFACTOR USA	46434V290
VRP	INVESCO EXCHNG TRADED FD TR	151,400	$3,911	0.7%	$24.64	—	VAR RATE PFD	46138G870
DHS	WISDOMTREE TR	47,399	$3,641	0.6%	$66.97	—	US HIGH DIVIDEND	97717W208
XLF	SELECT SECTOR SPDR TR	115,841	$3,566	0.6%	$24.56	—	SBI INT-FINL	81369Y605
PGX	INVESCO EXCHNG TRADED FD TR	215,869	$3,240	0.5%	$14.52	—	PFD ETF	46138E511
FTA	FIRST TR LRG CP VL ALPHADEX	56,248	$3,179	0.5%	$41.12	—	COM SHS	33735J101
VOT	VANGUARD INDEX FDS	19,602	$3,112	0.5%	$103.19	—	MCAP GR IDXVIP	922908538
GEM	GOLDMAN SACHS ETF TR	89,904	$3,087	0.5%	$31.87	—	ACTIVEBETA EME	381430206
DBEZ	DBX ETF TR	91,677	$3,057	0.5%	$24.62	—	XTRACK MSCI EURO	233051697
FXO	FIRST TR EXCHANGE TRADED FD	88,201	$2,956	0.5%	$23.96	—	FINLS ALPHADEX	33734X135
RSPT	INVESCO EXCHANGE TRADED FD T	14,046	$2,782	0.5%	$158.70	—	S&P500 EQL TEC	46137V282
MGK	VANGUARD WORLD FD	19,068	$2,777	0.5%	$83.95	—	MEGA GRWTH IND	921910816
SCHG	SCHWAB STRATEGIC TR	29,521	$2,743	0.5%	$56.47	—	US LCAP GR ETF	808524300
FEX	FIRST TR LRGE CP CORE ALPHA	41,482	$2,706	0.5%	$44.87	—	COM SHS	33734K109
DES	WISDOMTREE TR	90,484	$2,595	0.4%	$42.42	—	US SMALLCAP DIVD	97717W604
RPG	INVESCO EXCHANGE TRADED FD T	20,315	$2,576	0.4%	$114.75	—	S&P500 PUR GWT	46137V266
IBB	ISHARES TR	20,333	$2,450	0.4%	$117.23	—	NASDAQ BIOTECH	464287556
DBJP	DBX ETF TR	56,824	$2,424	0.4%	$33.40	—	XTRACK MSCI JAPN	233051507
GSIE	GOLDMAN SACHS ETF TR	78,939	$2,388	0.4%	$25.36	—	ACTIVEBETA INT	381430107
HYD	VANECK VECTORS ETF TR	35,813	$2,294	0.4%	$61.04	—	HIGH YLD MUN ETF	92189H409
FMB	FIRST TR EXCHANG TRADED FD I	40,990	$2,277	0.4%	$52.73	—	MANAGD MUN ETF	33739N108
PFF	ISHARES TR	59,532	$2,238	0.4%	$37.54	—	PFD AND INCM SEC	464288687
DEM	WISDOMTREE TR	48,679	$2,228	0.4%	$36.59	—	EMER MKT HIGH FD	97717W315
HEFA	ISHARES TR	72,445	$2,211	0.4%	$25.54	—	HDG MSCI EAFE	46434V803
DTD	WISDOMTREE TR	19,649	$2,074	0.3%	$76.99	—	US TOTAL DIVIDND	97717W109
BOTZ	GLOBAL X FDS	93,477	$2,044	0.3%	$22.23	—	RBTCS ARTFL INTE	37954Y715
—	ETF MANAGERS TR	47,321	$1,965	0.3%	$36.37	—	PRIME CYBR SCRTY	26924G201
QQQ	INVESCO QQQ TR	8,811	$1,873	0.3%	$171.62	—	UNIT SER 1	46090E103
DON	WISDOMTREE TR	49,120	$1,869	0.3%	$50.59	—	US MIDCAP DIVID	97717W505
SCHF	SCHWAB STRATEGIC TR	53,863	$1,811	0.3%	$31.84	—	INTL EQTY ETF	808524805
VLUE	ISHARES TR	19,957	$1,791	0.3%	$79.45	—	EDGE MSCI USA VL	46432F388
RPV	INVESCO EXCHANGE TRADED FD T	25,661	$1,778	0.3%	$65.35	—	S&P500 PUR VAL	46137V258
XLK	SELECT SECTOR SPDR TR	18,817	$1,725	0.3%	$46.87	—	TECHNOLOGY	81369Y803
—	UBS AG JERSEY BRH	85,551	$1,661	0.3%	$25.70	—	ALERIAN INFRST	902641646
FLOT	ISHARES TR	30,998	$1,578	0.3%	$50.57	—	FLTG RATE NT ETF	46429B655
EES	WISDOMTREE TR	40,495	$1,557	0.3%	$40.03	—	US SMALLCAP FUND	97717W562
DGRS	WISDOMTREE TR	38,823	$1,464	0.2%	$29.36	—	US S CAP QTY DIV	97717X651
SPGP	INVESCO EXCHANGE TRADED FD T	22,766	$1,437	0.2%	$50.83	—	S&P 500 GARP ETF	46137V431
USMV	ISHARES TR	21,046	$1,381	0.2%	$51.62	—	MSCI MIN VOL ETF	46429B697
OPPJ	WISDOMTREE TR	32,136	$1,369	0.2%	$34.48	—	JPN SCAP HDG EQT	97717W521
FEM	FIRST TR EXCH TRD ALPHA FD I	50,369	$1,337	0.2%	$20.93	—	EMERG MKT ALPH	33737J182
FIW	FIRST TR EXCHANGE TRADED FD	21,639	$1,297	0.2%	$54.46	—	WTR ETF	33733B100
VTEB	VANGUARD MUN BD FD INC	23,953	$1,282	0.2%	$50.98	—	TAX EXEMPT BD	922907746
SPY	SPDR S&P 500 ETF TR	3,924	$1,263	0.2%	$215.36	—	TR UNIT	78462F103
OPPE	WISDOMTREE TR	37,901	$1,246	0.2%	$26.41	—	EUR HDG SMLCAP	97717X552
CIBR	FIRST TR EXCHANGE TRADED FD	39,724	$1,193	0.2%	$24.04	—	NASDAQ CYB ETF	33734X846
FNY	FIRST TR EXCNGE TRD ALPHADEX	24,604	$1,178	0.2%	$29.96	—	MID CP GR ALPH	33737M102
IVV	ISHARES TR	3,631	$1,174	0.2%	$233.66	—	CORE S&P500 ETF	464287200
SUB	ISHARES TR	10,900	$1,164	0.2%	$106.06	—	SHRT NAT MUN ETF	464288158
MTUM	ISHARES TR	9,209	$1,156	0.2%	$104.37	—	USA MOMENTUM FCT	46432F396
FYC	FIRST TR EXCNGE TRD ALPHADEX	24,610	$1,149	0.2%	$31.82	—	SML CP GRW ALP	33737M300
IXN	ISHARES TR	5,159	$1,086	0.2%	$96.85	—	GLOBAL TECH ETF	464287291
LQD	ISHARES TR	8,334	$1,066	0.2%	$120.40	—	IBOXX INV CP ETF	464287242
SPLV	INVESCO EXCHNG TRADED FD TR	18,174	$1,060	0.2%	$47.42	—	S&P500 LOW VOL	46138E354
VMBS	VANGUARD SCOTTSDALE FDS	19,881	$1,057	0.2%	$52.50	—	MORTG-BACK SEC	92206C771
—	HD SUPPLY HLDGS INC	25,925	$1,043	0.2%	$33.90	—	COM	40416M105
IEMG	ISHARES INC	19,168	$1,030	0.2%	$52.16	—	CORE MSCI EMKT	46434G103
QUAL	ISHARES TR	9,655	$975	0.2%	$81.70	—	USA QUALITY FCTR	46432F339
EEM	ISHARES TR	21,698	$974	0.2%	$37.61	—	MSCI EMG MKT ETF	464287234
VCSH	VANGUARD SCOTTSDALE FDS	11,877	$962	0.2%	$80.72	—	SHRT TRM CORP BD	92206C409
ROBO	EXCHANGE TRADED CONCEPTS TR	22,471	$944	0.2%	$32.53	—	ROBO GLB ETF	301505707
HYMB	SPDR SERIES TRUST	15,984	$943	0.2%	$58.60	—	NUVEEN BBG BRCLY	78464A284
MSFT	MICROSOFT CORP	5,947	$938	0.2%	$65.58	+112.3%	COM	594918104
IJH	ISHARES TR	4,450	$916	0.2%	$171.05	—	CORE S&P MCP ETF	464287507
EEMV	ISHARES INC	15,404	$904	0.2%	$55.31	—	MIN VOL EMRG MKT	464286533
SCHV	SCHWAB STRATEGIC TR	15,016	$903	0.2%	$46.24	—	US LCAP VA ETF	808524409
HEWJ	ISHARES TR	26,903	$887	0.1%	$27.77	—	HDG MSCI JAPAN	46434V886
VRIG	INVESCO ACTIVELY MANAGD ETF	35,409	$884	0.1%	$24.78	—	VAR RATE INVT	46090A879
IWO	ISHARES TR	4,059	$870	0.1%	$141.58	—	RUS 2000 GRW ETF	464287648
IYF	ISHARES TR	6,221	$857	0.1%	$96.68	—	U.S. FINLS ETF	464287788
MBB	ISHARES TR	7,879	$851	0.1%	$106.23	—	MBS ETF	464288588
GVIP	GOLDMAN SACHS ETF TR	13,213	$838	0.1%	$53.06	—	HEDGE IND ETF	381430545
HEZU	ISHARES TR	26,302	$836	0.1%	$27.39	—	CUR HD EURZN ETF	46434V639
SCZ	ISHARES TR	13,214	$823	0.1%	$52.37	—	EAFE SML CP ETF	464288273
PRFZ	INVESCO EXCHANGE TRADED FD T	5,751	$786	0.1%	$139.13	—	FTSE RAFI 1500	46137V597
IJR	ISHARES TR	8,561	$718	0.1%	$75.69	—	CORE S&P SCP ETF	464287804
PRF	INVESCO EXCHANGE TRADED FD T	5,505	$698	0.1%	$112.58	—	FTSE RAFI 1000	46137V613
VYM	VANGUARD WHITEHALL FDS INC	7,371	$691	0.1%	$74.35	—	HIGH DIV YLD	921946406
VFH	VANGUARD WORLD FDS	8,842	$674	0.1%	$60.88	—	FINANCIALS ETF	92204A405
FNX	FIRST TR MID CAP CORE ALPHAD	9,023	$654	0.1%	$53.62	—	COM SHS	33735B108
VTIP	VANGUARD MALVERN FDS	12,807	$631	0.1%	$47.90	—	STRM INFPROIDX	922020805
IYW	ISHARES TR	2,642	$615	0.1%	$105.12	—	U.S. TECH ETF	464287721
BAC	BANK AMER CORP	17,380	$612	0.1%	$16.77	+65.7%	COM	060505104
IVW	ISHARES TR	3,060	$593	0.1%	$138.05	—	S&P 500 GRWT ETF	464287309
JPM	JPMORGAN CHASE & CO	4,083	$569	0.1%	$60.96	+78.3%	COM	46625H100
—	HD SUPPLY HLDGS INC	14,000	$563	0.1%	$33.90	—	Put	40416M105
JNJ	JOHNSON & JOHNSON	3,743	$546	0.1%	$100.45	+13.6%	COM	478160104
VBK	VANGUARD INDEX FDS	2,687	$534	0.1%	$126.52	—	SML CP GRW ETF	922908595
IJT	ISHARES TR	2,738	$529	0.1%	$146.65	—	S&P SML 600 GWT	464287887
MDIV	FIRST TR EXCHANGE TRADED FD	28,021	$527	0.1%	$19.14	—	MULTI ASSET DI	33738R100
VO	VANGUARD INDEX FDS	2,925	$521	0.1%	$131.67	—	MID CAP ETF	922908629
SPYG	SPDR SERIES TRUST	11,640	$488	0.1%	$55.34	—	PRTFLO S&P500 GW	78464A409
LMBS	FIRST TR EXCHANGE TRADED FD	9,340	$484	0.1%	$51.32	—	FST LOW OPPT EFT	33739Q200
IJS	ISHARES TR	2,944	$473	0.1%	$117.42	—	SP SMCP600VL ETF	464287879
AMGN	AMGEN INC	1,909	$460	0.1%	$117.02	+56.1%	COM	031162100
XSVM	INVESCO EXCHANGE TRADED FD T	13,302	$450	0.1%	$32.15	—	S&P SMCP VLU MNT	46137V480
VNQ	VANGUARD INDEX FDS	4,780	$444	0.1%	$87.66	—	REAL ESTATE ETF	922908553
DVY	ISHARES TR	4,100	$433	0.1%	$93.13	—	SELECT DIVID ETF	464287168
—	ALPS ETF TR	50,295	$428	0.1%	$12.22	—	ALERIAN MLP	00162Q866
DIS	DISNEY WALT CO	2,926	$423	0.1%	$97.67	+38.9%	COM DISNEY	254687106
META	FACEBOOK INC	2,061	$423	0.1%	$115.58	+66.4%	CL A	30303M102
IWP	ISHARES TR	2,763	$422	0.1%	$101.28	—	RUS MD CP GR ETF	464287481
VBR	VANGUARD INDEX FDS	2,912	$399	0.1%	$121.81	—	SM CP VAL ETF	922908611
HD	HOME DEPOT INC	1,815	$396	0.1%	$109.22	+78.5%	COM	437076102
AMZN	AMAZON COM INC	209	$386	0.1%	$76.26	+16.1%	COM	023135106
CSCO	CISCO SYS INC	7,883	$378	0.1%	$27.67	+39.4%	COM	17275R102
LMT	LOCKHEED MARTIN CORP	964	$375	0.1%	$225.14	+44.3%	COM	539830109
IDU	ISHARES TR	2,295	$372	0.1%	$127.27	—	U.S. UTILITS ETF	464287697
MCD	MCDONALDS CORP	1,872	$370	0.1%	$112.71	+52.5%	COM	580135101
—	WISDOMTREE TR	11,510	$368	0.1%	$23.54	—	GERMANY HEDEQ FD	97717W448
TIP	ISHARES TR	3,152	$367	0.1%	$113.02	—	TIPS BD ETF	464287176
VWO	VANGUARD INTL EQUITY INDEX F	8,230	$366	0.1%	$42.02	—	FTSE EMR MKT ETF	922042858
INTC	INTEL CORP	6,081	$364	0.1%	$31.45	+56.6%	COM	458140100
PEY	INVESCO EXCHANGE TRADED FD T	18,960	$360	0.1%	$17.60	—	HIG YLD EQ DIV	46137V563
DGS	WISDOMTREE TR	7,249	$347	0.1%	$43.46	—	EMG MKTS SMCAP	97717W281
IJK	ISHARES TR	1,445	$344	0.1%	$169.77	—	S&P MC 400GR ETF	464287606
PDBC	INVESCO ACTIVELY MANAGD ETF	20,642	$342	0.1%	$16.07	—	OPTIMUM YIELD	46090F100
BABA	ALIBABA GROUP HLDG LTD	1,606	$341	0.1%	$124.52	—	SPONSORED ADS	01609W102
DGRE	WISDOMTREE TR	12,666	$332	0.1%	$21.76	—	EM MKTS QTLY DIV	97717W323
—	RETAIL PPTYS AMER INC	24,516	$329	0.1%	$13.42	—	CL A	76131V202
SPHQ	INVESCO EXCHANGE TRADED FD T	8,865	$324	0.1%	$27.82	—	S&P500 QUALITY	46137V241
SPY	SPDR S&P 500 ETF TR	1,000	$322	0.1%	$215.36	—	Put	78462F103
RFG	INVESCO EXCHANGE TRADED FD T	2,090	$320	0.1%	$161.58	—	S&P MDCP400 PR	46137V217
CVX	CHEVRON CORP NEW	2,648	$319	0.1%	$76.50	+17.2%	COM	166764100
RZG	INVESCO EXCHANGE TRADED FD T	2,467	$291	0.0%	$127.01	—	S&P SML600 GWT	46137V175
IMCB	ISHARES TR	1,355	$284	0.0%	$148.79	—	MRGSTR MD CP ETF	464288208
AAPL	APPLE INC	900	$264	0.0%	$25.76	+140.8%	Put	037833100
SLYG	SPDR SERIES TRUST	3,954	$255	0.0%	$96.96	—	S&P 600 SMCP GRW	78464A201
NFLX	NETFLIX INC	747	$242	0.0%	$34.67	-14.5%	COM	64110L106
FXH	FIRST TR EXCHANGE TRADED FD	2,810	$237	0.0%	$59.68	—	HLTH CARE ALPH	33734X143
—	STERICYCLE INC	3,688	$235	0.0%	$63.72	—	COM	858912108
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,009	$229	0.0%	$204.44	+6.2%	CL B NEW	084670702
FYX	FIRST TR SML CP CORE ALPHA F	3,441	$223	0.0%	$50.97	—	COM SHS	33734Y109
VZ	VERIZON COMMUNICATIONS INC	3,552	$218	0.0%	$35.89	+19.2%	COM	92343V104
VGT	VANGUARD WORLD FDS	881	$216	0.0%	$137.79	—	INF TECH ETF	92204A702
XBI	SPDR SERIES TRUST	2,240	$213	0.0%	$95.09	—	S&P BIOTECH	78464A870
T	AT&T INC	5,264	$206	0.0%	$17.00	+11.0%	COM	00206R102
WPC	W P CAREY INC	2,552	$204	0.0%	$78.37	—	COM	92936U109
GOOGL	ALPHABET INC	151	$202	0.0%	$64.02	0.0%	CAP STK CL A	02079K305
DLS	WISDOMTREE TR	2,831	$201	0.0%	$66.71	—	INTL SMCAP DIV	97717W760
—	WISDOMTREE TR	5,445	$201	0.0%	$44.62	—	US TOTAL MRKT FD	97717W596
FCX	FREEPORT-MCMORAN INC	10,000	$0	0.0%	—	—	Call	35671D857