Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	iShares Gold Trust	2,489,400	$30.64M	9.7%	$12.29	—	ETP	464285105
EWQ	iShares MSCI France ETF	556,800	$17.2M	5.4%	$30.90	—	ETP	464286707
IJH	iShares Core S&P Mid-Cap ETF	96,000	$17.17M	5.4%	$173.94	—	ETP	464287507
EWI	iShares MSCI Italy Capped ETF	546,300	$17.13M	5.4%	$25.68	—	ETP	46434G830
EZU	iShares MSCI Eurozone ETF	395,100	$17.11M	5.4%	$40.32	—	ETP	464286608
FEZ	SPDR EURO STOXX 50 ETF	414,100	$17.08M	5.4%	$38.47	—	ETP	78463X202
—	PowerShares DB Commodity Index	1,016,000	$15.65M	4.9%	$15.40	—	ETP	73935S105
—	Guggenheim S&P Global Water In	451,970	$15.56M	4.9%	$30.61	—	ETP	18383Q507
—	United States Natural Gas Fund	1,846,500	$12.13M	3.8%	$6.57	—	ETP	912318201
—	United States Oil Fund LP	1,109,400	$11.57M	3.7%	$10.43	—	ETP	91232N108
VO	Vanguard Mid-Cap ETF	74,000	$10.88M	3.4%	$142.52	—	ETP	922908629
—	PowerShares Water Resources Po	309,000	$8.806M	2.8%	$26.03	—	ETP	73935X575
—	PowerShares DB Base Metals Fun	485,400	$8.79M	2.8%	$16.38	—	ETP	73936B705
SLV	iShares Silver Trust	531,200	$8.361M	2.6%	$15.66	—	ETP	46428Q109
VFH	Vanguard Financials ETF	99,000	$6.47M	2.0%	$59.63	—	ETP	92204A405
VDE	Vanguard Energy ETF	68,300	$6.391M	2.0%	$93.57	—	ETP	92204A306
IJJ	iShares S&P Mid-Cap 400 Value	41,400	$6.323M	2.0%	$148.66	—	ETP	464287705
IVE	iShares S&P 500 Value ETF	58,100	$6.269M	2.0%	$105.06	—	ETP	464287408
VGT	Vanguard Information Technolog	40,200	$6.109M	1.9%	$140.82	—	ETP	92204A702
USCI	United States Commodity Index	135,900	$5.441M	1.7%	$38.49	—	ETP	911717106
—	ETFS Physical Platinum Shares	40,700	$3.55M	1.1%	$87.17	—	ETP	26922V101
—	PowerShares DB Energy Fund	272,400	$3.494M	1.1%	$12.83	—	ETP	73936B101
BNO	United States Brent Oil Fund L	168,600	$2.555M	0.8%	$15.15	—	ETP	91167Q100
VLO	Valero Energy Corp	19,300	$1.484M	0.5%	$42.78	+15.5%	Common Stock	91913Y100
CNC	Centene Corp	14,900	$1.441M	0.5%	$37.75	+14.0%	Common Stock	15135B101
GILD	Gilead Sciences Inc	17,400	$1.409M	0.4%	$52.27	+7.0%	Common Stock	375558103
—	Lam Research Corp	7,400	$1.369M	0.4%	$105.71	—	Common Stock	512807108
—	VMware Inc	12,400	$1.353M	0.4%	$87.42	—	Common Stock	928563402
—	Mallinckrodt PLC	35,500	$1.326M	0.4%	$45.22	—	Common Stock	G5785G107
LPX	Louisiana-Pacific Corp	48,800	$1.321M	0.4%	$25.49	0.0%	Common Stock	546347105
—	Cigna Corp	7,000	$1.308M	0.4%	$146.43	—	Common Stock	125509109
AMAT	Applied Materials Inc	25,100	$1.307M	0.4%	$38.61	+6.6%	Common Stock	038222105
BBY	Best Buy Co Inc	22,900	$1.304M	0.4%	$42.28	0.0%	Common Stock	086516101
LUV	Southwest Airlines Co	23,300	$1.304M	0.4%	$50.59	0.0%	Common Stock	844741108
—	Xerox Corp	39,000	$1.298M	0.4%	$33.28	—	Common Stock	984121608
TGT	Target Corp	21,900	$1.292M	0.4%	$44.13	0.0%	Common Stock	87612E106
ACM	AECOM	35,000	$1.288M	0.4%	$31.61	0.0%	Common Stock	00766T100
—	Tech Data Corp	14,400	$1.279M	0.4%	$88.82	—	Common Stock	878237106
CBRE	CBRE Group Inc	32,700	$1.238M	0.4%	$36.79	0.0%	Common Stock	12504L109
UNH	UnitedHealth Group Inc	6,300	$1.233M	0.4%	$152.68	+10.6%	Common Stock	91324P102
—	HealthSouth Corp	26,600	$1.232M	0.4%	$46.32	—	Common Stock	421924309
UHS	Universal Health Services Inc	11,100	$1.231M	0.4%	$108.48	0.0%	Common Stock	913903100
—	ARRIS International PLC	43,200	$1.23M	0.4%	$28.01	—	Common Stock	G0551A103
VYX	NCR Corp	32,700	$1.226M	0.4%	$26.36	-12.8%	Common Stock	62886E108
IDCC	InterDigital Inc/PA	16,600	$1.224M	0.4%	$73.19	0.0%	Common Stock	45867G101
JLL	Jones Lang LaSalle Inc	9,900	$1.222M	0.4%	$121.97	0.0%	Common Stock	48020Q107
FCX	Freeport-McMoRan Inc	86,100	$1.208M	0.4%	$12.74	0.0%	Common Stock	35671D857
HUN	Huntsman Corp	43,600	$1.195M	0.4%	$24.77	+7.6%	Common Stock	447011107
HRB	H&R Block Inc	45,100	$1.194M	0.4%	$20.97	0.0%	Common Stock	093671105
WDC	Western Digital Corp	13,800	$1.192M	0.4%	$59.93	0.0%	Common Stock	958102105
—	Trinseo SA	17,700	$1.187M	0.4%	$67.06	—	Common Stock	L9340P101
EVR	Evercore Inc	14,800	$1.187M	0.4%	$60.28	+3.9%	Common Stock	29977A105
HCA	HCA Healthcare Inc	14,900	$1.185M	0.4%	$69.62	+7.4%	Common Stock	40412C101
—	Michaels Cos Inc/The	54,900	$1.178M	0.4%	$21.46	—	Common Stock	59408Q106
BFH	Alliance Data Systems Corp	5,300	$1.174M	0.4%	$161.55	0.0%	Common Stock	018581108
—	Realogy Holdings Corp	35,400	$1.166M	0.4%	$32.43	—	Common Stock	75605Y106
—	Southwestern Energy Co	190,800	$1.165M	0.4%	$6.11	—	Common Stock	845467109
TMHC	Taylor Morrison Home Corp	52,700	$1.162M	0.4%	$22.09	0.0%	Common Stock	87724P106
ELV	Anthem Inc	6,100	$1.158M	0.4%	$160.37	+6.3%	Common Stock	036752103
USFD	US Foods Holding Corp	43,400	$1.158M	0.4%	$27.39	0.0%	Common Stock	912008109
SWKS	Skyworks Solutions Inc	11,300	$1.151M	0.4%	$86.28	0.0%	Common Stock	83088M102
—	Lazard Ltd	25,300	$1.144M	0.4%	$46.32	—	Common Stock	G54050102
—	United States Steel Corp	44,600	$1.144M	0.4%	$25.65	—	Common Stock	912909108
PAGP	Plains GP Holdings LP	52,000	$1.137M	0.4%	$21.87	—	Common Stock	72651A207
AAPL	Apple Inc	7,300	$1.125M	0.4%	$36.15	0.0%	Common Stock	037833100
CVS	CVS Health Corp	13,400	$1.089M	0.3%	$60.32	+0.8%	Common Stock	126650100
ALK	Alaska Air Group Inc	13,800	$1.052M	0.3%	$77.46	0.0%	Common Stock	011659109
—	Juniper Networks Inc	36,700	$1.021M	0.3%	$27.87	—	Common Stock	48203R104
M	Macy's Inc	46,300	$1.01M	0.3%	$25.62	-14.2%	Common Stock	55616P104
SYF	Synchrony Financial	31,600	$981K	0.3%	$25.67	-5.1%	Common Stock	87165B103
—	Walgreens Boots Alliance Inc	12,700	$980K	0.3%	$82.99	—	Common Stock	931427108
CRUS	Cirrus Logic Inc	17,900	$954K	0.3%	$64.72	-9.5%	Common Stock	172755100
—	Express Scripts Holding Co	14,900	$943K	0.3%	$68.72	—	Common Stock	30219G108
—	Seagate Technology PLC	23,000	$762K	0.2%	$45.91	—	Common Stock	G7945M107
—	Foot Locker Inc	18,500	$651K	0.2%	$49.24	—	Common Stock	344849104