Efficient Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	870,876	$100,473	21.0%	$108.18	—	CORE US AGGBD ET	464287226
BSV	VANGUARD BD INDEX FDS	657,793	$54,057	11.3%	$80.21	—	SHORT TRM BOND	921937827
SHY	ISHARES TR	450,945	$39,083	8.2%	$84.35	—	1 3 YR TREAS BD	464287457
VBR	VANGUARD INDEX FDS	397,117	$35,264	7.4%	$92.68	—	SM CP VAL ETF	922908611
DLS	WISDOMTREE TR	685,582	$32,942	6.9%	$53.03	—	INTL SMCAP DIV	97717W760
IVE	ISHARES TR	243,076	$23,396	4.9%	$76.76	—	S&P 500 VAL ETF	464287408
TILT	FLEXSHARES TR	250,315	$23,338	4.9%	$89.62	—	MORNSTAR USMKT	33939L100
VB	VANGUARD INDEX FDS	193,907	$22,385	4.7%	$108.77	—	SMALL CP ETF	922908751
EFV	ISHARES TR	513,284	$18,319	3.8%	$48.85	—	EAFE VALUE ETF	464288877
TLTD	FLEXSHARES TR	370,674	$17,214	3.6%	$55.43	—	M STAR DEV MKT	33939L803
IVV	ISHARES TR	51,661	$13,349	2.8%	$197.44	—	CORE S&P500 ETF	464287200
WTMF	WISDOMTREE TR	306,249	$11,102	2.3%	$38.76	—	FUTRE STRAT FD	97717W125
IWC	ISHARES TR	157,297	$10,544	2.2%	$62.87	—	MICRO-CAP ETF	464288869
DGS	WISDOMTREE TR	307,434	$10,155	2.1%	$43.60	—	EMG MKTS SMCAP	97717W281
EFA	ISHARES TR	174,876	$9,349	2.0%	$58.30	—	MSCI EAFE ETF	464287465
SCZ	ISHARES TR	136,236	$6,107	1.3%	$42.85	—	EAFE SML CP ETF	464288273
EEM	ISHARES TR	173,387	$5,918	1.2%	$38.36	—	MSCI EMG MKT ETF	464287234
SUB	ISHARES TR	43,559	$4,630	1.0%	$105.96	—	SHRT NAT MUN ETF	464288158
BIV	VANGUARD BD INDEX FDS	47,919	$4,281	0.9%	$86.59	—	INTERMED TERM	921937819
TLTE	FLEXSHARES TR	97,469	$3,718	0.8%	$46.74	—	MSTAR EMKT FAC	33939L308
VTV	VANGUARD INDEX FDS	39,501	$3,518	0.7%	$87.23	—	VALUE ETF	922908744
RWO	SPDR INDEX SHS FDS	80,448	$2,896	0.6%	$47.98	—	DJ GLB RL ES ETF	78463X749
MUB	ISHARES TR	21,708	$2,453	0.5%	$112.03	—	NATIONAL MUN ETF	464288414
—	WISDOMTREE TR	90,706	$1,966	0.4%	$26.89	—	DYNAMIC LNG EQ	97717X313
FLOT	ISHARES TR	39,770	$1,938	0.4%	$50.78	—	FLTG RATE NT ETF	46429B655
VTI	VANGUARD INDEX FDS	11,695	$1,508	0.3%	$105.17	—	TOTAL STK MKT	922908769
GWX	SPDR INDEX SHS FDS	61,879	$1,409	0.3%	$31.61	—	S&P INTL SMLCP	78463X871
USMV	ISHARES TR	25,926	$1,400	0.3%	$59.47	—	MSCI MIN VOL ETF	46429B697
HYG	ISHARES TR	16,648	$1,283	0.3%	$88.44	—	IBOXX HI YD ETF	464288513
QAI	INDEXIQ ETF TR	40,549	$1,154	0.2%	$30.00	—	HEDGE MLTI ETF	45409B107
SPIP	SPDR SER TR	37,163	$1,079	0.2%	$42.74	—	PORTFLI TIPS ETF	78464A656
AOA	ISHARES TR	21,793	$1,034	0.2%	$42.61	—	AGGRES ALLOC ETF	464289859
AOR	ISHARES TR	22,883	$947	0.2%	$36.65	—	GRWT ALLOCAT ETF	464289867
IWL	ISHARES TR	15,038	$926	0.2%	$50.51	—	RUS TOP 200 ETF	464289446
AOK	ISHARES TR	24,660	$833	0.2%	$33.17	—	CONSER ALLOC ETF	464289883
VV	VANGUARD INDEX FDS	6,977	$826	0.2%	$101.48	—	LARGE CAP ETF	922908637
VCIT	VANGUARD SCOTTSDALE FDS	9,102	$793	0.2%	$86.88	—	INT-TERM CORP	92206C870
ITOT	ISHARES TR	13,123	$751	0.2%	$61.88	—	CORE S&P TTL STK	464287150
AOM	ISHARES TR	18,641	$685	0.1%	$33.12	—	MODERT ALLOC ETF	464289875
GLD	SPDR GOLD TRUST	4,503	$667	0.1%	$121.39	—	GOLD SHS	78463V107
SCHH	SCHWAB STRATEGIC TR	17,607	$576	0.1%	$40.53	—	US REIT ETF	808524847
AGZ	ISHARES TR	4,595	$554	0.1%	$114.06	—	AGENCY BOND ETF	464288166
IEFA	ISHARES TR	11,055	$552	0.1%	$56.47	—	CORE MSCI EAFE	46432F842
VNQI	VANGUARD INTL EQUITY INDEX F	12,267	$526	0.1%	$55.91	—	GLB EX US ETF	922042676
VNQ	VANGUARD INDEX FDS	7,223	$505	0.1%	$83.34	—	REAL ESTATE ETF	922908553
DHS	WISDOMTREE TR	8,823	$499	0.1%	$61.41	—	US HIGH DIVIDEND	97717W208
VYM	VANGUARD WHITEHALL FDS	6,730	$476	0.1%	$69.45	—	HIGH DIV YLD	921946406
IEMG	ISHARES INC	8,086	$327	0.1%	$44.10	—	CORE MSCI EMKT	46434G103
VTEB	VANGUARD MUN BD FD INC	5,047	$267	0.1%	$53.04	—	TAX EXEMPT BD	922907746
—	INDEXIQ ETF TR	11,106	$177	0.0%	$27.06	—	US RL EST SMCP	45409B628