Efficient Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	888,572	$99,849	17.4%	$108.18	—	CORE US AGGBD ET	464287226
BSV	VANGUARD BD INDEX FD INC	682,256	$54,997	9.6%	$80.21	—	SHORT TRM BOND	921937827
VBR	VANGUARD INDEX FDS	349,324	$47,882	8.3%	$93.21	—	SM CP VAL ETF	922908611
DLS	WISDOMTREE TR	644,995	$45,869	8.0%	$53.34	—	INTL SMCAP DIV	97717W760
SHY	ISHARES TR	455,944	$38,587	6.7%	$84.35	—	1 3 YR TREAS BD	464287457
IVE	ISHARES TR	254,771	$33,143	5.8%	$76.76	—	S&P 500 VAL ETF	464287408
TILT	FLEXSHARES TR	255,522	$32,467	5.7%	$89.62	—	MORNSTAR USMKT	33939L100
VB	VANGUARD INDEX FDS	176,162	$29,179	5.1%	$108.09	—	SMALL CP ETF	922908751
EFV	ISHARES TR	503,373	$25,133	4.4%	$49.11	—	EAFE VALUE ETF	464288877
TLTD	FLEXSHARES TR	361,694	$23,485	4.1%	$55.66	—	M STAR DEV MKT	33939L803
IVV	ISHARES TR	55,338	$17,888	3.1%	$197.44	—	CORE S&P500 ETF	464287200
IWC	ISHARES TR	149,898	$14,913	2.6%	$62.66	—	MICRO-CAP ETF	464288869
DGS	WISDOMTREE TR	286,140	$13,683	2.4%	$44.38	—	EMG MKTS SMCAP	97717W281
WTMF	WISDOMTREE TR	364,257	$13,510	2.4%	$38.76	—	FUTRE STRAT FD	97717W125
EFA	ISHARES TR	183,921	$12,771	2.2%	$58.30	—	MSCI EAFE ETF	464287465
SCZ	ISHARES TR	140,152	$8,729	1.5%	$42.85	—	EAFE SML CP ETF	464288273
EEM	ISHARES TR	182,060	$8,169	1.4%	$38.36	—	MSCI EMG MKT ETF	464287234
TLTE	FLEXSHARES TR	98,361	$5,226	0.9%	$46.74	—	MSTAR EMKT FAC	33939L308
SUB	ISHARES TR	47,464	$5,068	0.9%	$105.96	—	SHRT NAT MUN ETF	464288158
BIV	VANGUARD BD INDEX FD INC	54,690	$4,770	0.8%	$86.59	—	INTERMED TERM	921937819
VTV	VANGUARD INDEX FDS	38,183	$4,576	0.8%	$87.17	—	VALUE ETF	922908744
RWO	SPDR INDEX SHS FDS	76,675	$3,950	0.7%	$48.57	—	DJ GLB RL ES ETF	78463X749
MUB	ISHARES TR	23,379	$2,663	0.5%	$112.03	—	NATIONAL MUN ETF	464288414
GWX	SPDR INDEX SHS FDS	67,819	$2,161	0.4%	$31.61	—	S&P INTL SMLCP	78463X871
VTI	VANGUARD INDEX FDS	12,786	$2,092	0.4%	$105.17	—	TOTAL STK MKT	922908769
—	WISDOMTREE TR	70,983	$1,991	0.3%	$28.34	—	DYNAMIC LNG EQ	97717X313
FLOT	ISHARES TR	39,028	$1,987	0.3%	$50.82	—	FLTG RATE NT ETF	46429B655
HYG	ISHARES TR	16,288	$1,432	0.2%	$88.69	—	IBOXX HI YD ETF	464288513
USMV	ISHARES TR	21,191	$1,390	0.2%	$60.69	—	MSCI MIN VOL ETF	46429B697
AOA	ISHARES TR	22,200	$1,288	0.2%	$42.61	—	AGGRES ALLOC ETF	464289859
IWL	ISHARES TR	16,447	$1,236	0.2%	$50.51	—	RUS TOP 200 ETF	464289446
VV	VANGUARD INDEX FDS	7,578	$1,120	0.2%	$101.48	—	LARGE CAP ETF	922908637
AOR	ISHARES TR	23,337	$1,116	0.2%	$36.65	—	GRWT ALLOCAT ETF	464289867
SPIP	SPDR SERIES TRUST	37,984	$1,084	0.2%	$42.74	—	PORTFLI TIPS ETF	78464A656
ITOT	ISHARES TR	14,289	$1,039	0.2%	$61.88	—	CORE S&P TTL STK	464287150
QAI	INDEXIQ ETF TR	32,112	$989	0.2%	$30.40	—	HEDGE MLTI ETF	45409B107
VCIT	VANGUARD SCOTTSDALE FDS	9,996	$913	0.2%	$86.88	—	INT-TERM CORP	92206C870
GLD	SPDR GOLD TRUST	6,031	$862	0.2%	$121.39	—	GOLD SHS	78463V107
SCHH	SCHWAB STRATEGIC TR	18,080	$831	0.1%	$40.53	—	US REIT ETF	808524847
AOK	ISHARES TR	22,191	$804	0.1%	$33.10	—	CONSER ALLOC ETF	464289883
VNQI	VANGUARD INTL EQUITY INDEX F	13,258	$783	0.1%	$55.91	—	GLB EX US ETF	922042676
IEFA	ISHARES TR	11,641	$759	0.1%	$56.47	—	CORE MSCI EAFE	46432F842
AOM	ISHARES TR	18,204	$731	0.1%	$33.03	—	MODERT ALLOC ETF	464289875
VYM	VANGUARD WHITEHALL FDS INC	6,974	$654	0.1%	$69.45	—	HIGH DIV YLD	921946406
DHS	WISDOMTREE TR	8,333	$640	0.1%	$61.70	—	US HIGH DIVIDEND	97717W208
VNQ	VANGUARD INDEX FDS	6,660	$618	0.1%	$84.48	—	REAL ESTATE ETF	922908553
AGZ	ISHARES TR	4,098	$474	0.1%	$113.27	—	AGENCY BOND ETF	464288166
IEMG	ISHARES INC	8,512	$458	0.1%	$44.10	—	CORE MSCI EMKT	46434G103
—	INDEXIQ ETF TR	11,203	$288	0.1%	$27.06	—	US RL EST SMCP	45409B628
VTEB	VANGUARD MUN BD FD INC	5,200	$278	0.0%	$53.04	—	TAX EXEMPT BD	922907746