Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EZU	iShares MSCI Eurozone ETF	445,300	$17.96M	7.5%	$40.32	—	ETP	464286608
EWI	iShares MSCI Italy Capped ETF	613,000	$17.04M	7.2%	$25.68	—	ETP	46434G830
IJH	iShares Core S&P Mid-Cap ETF	97,900	$17.03M	7.1%	$173.94	—	ETP	464287507
EWP	iShares MSCI Spain Capped ETF	495,800	$16.28M	6.8%	$28.97	—	ETP	464286764
FEZ	SPDR EURO STOXX 50 ETF	420,400	$16.17M	6.8%	$38.47	—	ETP	78463X202
—	Guggenheim S&P Global Water In	451,970	$14.74M	6.2%	$30.61	—	ETP	18383Q507
VO	Vanguard Mid-Cap ETF	78,200	$11.14M	4.7%	$142.52	—	ETP	922908629
USCI	United States Commodity Index	224,900	$8.656M	3.6%	$38.49	—	ETP	911717106
—	PowerShares Water Resources Po	309,000	$8.333M	3.5%	$26.03	—	ETP	73935X575
—	PowerShares DB Base Metals Fun	485,400	$7.95M	3.3%	$16.38	—	ETP	73936B705
—	ETFS Physical Platinum Shares	83,200	$7.35M	3.1%	$87.17	—	ETP	26922V101
IJJ	iShares S&P Mid-Cap 400 Value	40,100	$5.956M	2.5%	$148.53	—	ETP	464287705
VIS	Vanguard Industrials ETF	46,100	$5.919M	2.5%	$128.39	—	ETP	92204A603
VFH	Vanguard Financials ETF	94,300	$5.898M	2.5%	$59.35	—	ETP	92204A405
IVE	iShares S&P 500 Value ETF	56,100	$5.888M	2.5%	$104.96	—	ETP	464287408
—	ETFS Physical Palladium Shares	70,400	$5.68M	2.4%	$80.68	—	ETP	26923A106
VGT	Vanguard Information Technolog	40,200	$5.661M	2.4%	$140.82	—	ETP	92204A702
—	Tesoro Corp	14,900	$1.394M	0.6%	$87.45	—	Common Stock	881609101
DAL	Delta Air Lines Inc	25,300	$1.359M	0.6%	$40.91	+8.3%	Common Stock	247361702
SLV	iShares Silver Trust	85,900	$1.349M	0.6%	$15.23	—	ETP	46428Q109
—	iShares Gold Trust	111,200	$1.327M	0.6%	$11.93	—	ETP	464285105
VLO	Valero Energy Corp	19,300	$1.301M	0.5%	$42.78	+7.6%	Common Stock	91913Y100
HCA	HCA Healthcare Inc	14,900	$1.299M	0.5%	$69.62	+13.0%	Common Stock	40412C101
MPC	Marathon Petroleum Corp	24,600	$1.287M	0.5%	$34.23	+15.5%	Common Stock	56585A102
GILD	Gilead Sciences Inc	17,400	$1.231M	0.5%	$52.27	-7.6%	Common Stock	375558103
C	Citigroup Inc	18,400	$1.23M	0.5%	$46.46	0.0%	Common Stock	172967424
—	ARRIS International PLC	43,200	$1.21M	0.5%	$28.01	—	Common Stock	G0551A103
LEA	Lear Corp	8,400	$1.193M	0.5%	$105.58	+13.2%	Common Stock	521865204
—	Realogy Holdings Corp	36,700	$1.19M	0.5%	$32.43	—	Common Stock	75605Y106
CNC	Centene Corp	14,900	$1.19M	0.5%	$37.75	0.0%	Common Stock	15135B101
OMF	OneMain Holdings Inc	48,100	$1.182M	0.5%	$23.51	0.0%	Common Stock	68268W103
—	Lazard Ltd	25,300	$1.172M	0.5%	$46.32	—	Common Stock	G54050102
—	Cigna Corp	7,000	$1.171M	0.5%	$146.43	—	Common Stock	125509109
UNH	UnitedHealth Group Inc	6,300	$1.168M	0.5%	$152.68	0.0%	Common Stock	91324P102
—	Mallinckrodt PLC	26,000	$1.165M	0.5%	$48.09	—	Common Stock	G5785G107
COF	Capital One Financial Corp	14,000	$1.156M	0.5%	$75.44	-7.3%	Common Stock	14040H105
FLR	Fluor Corp	25,100	$1.149M	0.5%	$44.60	0.0%	Common Stock	343412102
ELV	Anthem Inc	6,100	$1.147M	0.5%	$160.37	0.0%	Common Stock	036752103
—	Jacobs Engineering Group Inc	21,000	$1.142M	0.5%	$55.17	—	Common Stock	469814107
RDN	Radian Group Inc	69,900	$1.142M	0.5%	$14.17	0.0%	Common Stock	750236101
HUN	Huntsman Corp	43,600	$1.126M	0.5%	$24.77	0.0%	Common Stock	447011107
CRUS	Cirrus Logic Inc	17,900	$1.122M	0.5%	$64.72	0.0%	Common Stock	172755100
—	Fiat Chrysler Automobiles NV	105,500	$1.121M	0.5%	$10.63	—	Common Stock	N31738102
EG	Everest Re Group Ltd	4,400	$1.12M	0.5%	$206.53	0.0%	Common Stock	G3223R108
STLD	Steel Dynamics Inc	31,200	$1.117M	0.5%	$29.67	-2.4%	Common Stock	858119100
SAIC	Science Applications Internati	15,800	$1.096M	0.5%	$73.48	0.0%	Common Stock	808625107
AES	AES Corp/VA	98,700	$1.096M	0.5%	$8.38	0.0%	Common Stock	00130H105
UAL	United Continental Holdings In	14,500	$1.091M	0.5%	$72.28	+4.5%	Common Stock	910047109
DVA	DaVita Inc	16,800	$1.087M	0.5%	$66.20	0.0%	Common Stock	23918K108
—	VMware Inc	12,400	$1.084M	0.5%	$87.42	—	Common Stock	928563402
—	Hawaiian Holdings Inc	23,100	$1.084M	0.5%	$56.97	—	Common Stock	419879101
WMT	Wal-Mart Stores Inc	14,300	$1.082M	0.5%	$22.02	0.0%	Common Stock	931142103
CVS	CVS Health Corp	13,400	$1.078M	0.5%	$60.32	0.0%	Common Stock	126650100
M	Macy's Inc	46,300	$1.076M	0.5%	$25.62	0.0%	Common Stock	55616P104
SANM	Sanmina Corp	28,200	$1.074M	0.5%	$38.00	0.0%	Common Stock	801056102
GM	General Motors Co	30,300	$1.058M	0.4%	$30.95	-6.2%	Common Stock	37045V100
FLEX	Flex Ltd	64,900	$1.058M	0.4%	$11.98	+3.4%	Common Stock	Y2573F102
BIGGQ	Big Lots Inc	21,700	$1.048M	0.4%	$38.54	+0.1%	Common Stock	089302103
—	Lam Research Corp	7,400	$1.046M	0.4%	$105.71	—	Common Stock	512807108
EVR	Evercore Partners Inc	14,800	$1.043M	0.4%	$60.28	0.0%	Common Stock	29977A105
AMAT	Applied Materials Inc	25,100	$1.036M	0.4%	$38.61	0.0%	Common Stock	038222105
—	Juniper Networks Inc	36,700	$1.023M	0.4%	$27.87	—	Common Stock	48203R104
VYX	NCR Corp	25,000	$1.021M	0.4%	$27.40	-7.4%	Common Stock	62886E108
CSCO	Cisco Systems Inc	32,500	$1.017M	0.4%	$25.06	0.0%	Common Stock	17275R102
—	Walgreens Boots Alliance Inc	12,700	$994K	0.4%	$82.99	—	Common Stock	931427108
F	Ford Motor Co	86,000	$962K	0.4%	$7.78	-8.9%	Common Stock	345370860
—	Express Scripts Holding Co	14,900	$951K	0.4%	$68.72	—	Common Stock	30219G108
SYF	Synchrony Financial	31,600	$942K	0.4%	$25.67	-6.4%	Common Stock	87165B103
—	Discover Financial Services	14,800	$920K	0.4%	$68.38	—	Common Stock	254709108
—	Foot Locker Inc	18,500	$911K	0.4%	$49.24	—	Common Stock	344849104
—	Seagate Technology PLC	23,000	$891K	0.4%	$45.91	—	Common Stock	G7945M107