Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HYG	ISHARES IBOXX HIGH YLD CORP	73,984	$5.712M	3.1%	$77.21	$79.23	-2.6%	ETP	464288513
FLOT	ISHARES FLOATING RATE BOND E	110,826	$5.658M	3.1%	$51.05	$50.98	+0.1%	ETP	46429B655
XLB	MATERIALS SELECT SECTOR SPDR	65,156	$3.173M	1.7%	$48.70	$51.45	-5.3%	ETP	81369Y100
EWS	ISHARES MSCI SINGAPORE ETF	8,136	$271K	0.1%	$33.26	$32.82	+1.3%	ETP	46434G780
PARR	PAR PACIFIC HOLDINGS INC	3,287	$268K	0.1%	$81.62	$77.03	+6.0%	COMMON STOCK	69888T207
UHS	UNIVERSAL HEALTH SERVICES-B	1,317	$230K	0.1%	$174.26	$167.59	+4.0%	COMMON STOCK	913903100
ORI	OLD REPUBLIC INTL CORP	5,687	$212K	0.1%	$37.31	$41.54	-10.2%	COMMON STOCK	680223104
SM	SM ENERGY CO	6,192	$209K	0.1%	$33.78	$33.47	+0.9%	COMMON STOCK	78454L100
AA	ALCOA CORP	4,828	$203K	0.1%	$42.00	$47.70	-11.9%	COMMON STOCK	013872106
GNW	GENWORTH FINANCIAL INC	15,966	$143K	0.1%	$8.97	$9.88	-9.2%	COMMON STOCK	37247D106

Increased Positions (14)

XLV HEALTH CARE SELECT SECTOR 5.0%

Value $9.055M (+106.2%) Shares 53,763 (+94.3%) Share Price $168.42 Est. Cost/Share $147.10 Unrealized @ Report Date +14.5%

XLF FINANCIAL SELECT SECTOR SPDR 6.3%

Value $11.44M (+30.9%) Shares 214,179 (+31.4%) Share Price $53.40 Est. Cost/Share $46.51 Unrealized @ Report Date +14.8%

EWY ISHARES MSCI SOUTH KOREA ETF 3.1%

Value $5.629M (+16.0%) Shares 30,796 (+28.1%) Share Price $182.78 Est. Cost/Share $107.44 Unrealized @ Report Date +70.1%

JPIB JPMORGAN INTL BND ETF 1.0%

Value $1.885M (+51.5%) Shares 40,362 (+56.9%) Share Price $46.70 Est. Cost/Share $48.34 Unrealized @ Report Date -3.4%

EWP ISHARES MSCI SPAIN ETF 1.6%

Value $2.884M (+23.5%) Shares 48,715 (+23.9%) Share Price $59.20 Est. Cost/Share $39.25 Unrealized @ Report Date +50.8%

VWO VANGUARD FTSE EMERGING MARKE 1.3%

Value $2.435M (+28.9%) Shares 41,048 (+29.8%) Share Price $59.31 Est. Cost/Share $49.44 Unrealized @ Report Date +20.0%

VEA VANGUARD FTSE DEVELOPED ETF 2.7%

Value $4.853M (+11.0%) Shares 68,723 (+12.0%) Share Price $70.61 Est. Cost/Share $53.97 Unrealized @ Report Date +30.8%

LQD ISHARES IBOXX INVESTMENT GRA 0.8%

Value $1.524M (+41.3%) Shares 14,912 (+50.8%) Share Price $102.18 Est. Cost/Share $109.06 Unrealized @ Report Date -6.3%

BND VANGUARD TOTAL BOND MARKET 0.7%

Value $1.301M (+46.5%) Shares 18,543 (+53.3%) Share Price $70.15 Est. Cost/Share $72.83 Unrealized @ Report Date -3.7%

ECH ISHARES MSCI CHILE ETF 1.0%

Value $1.823M (+24.6%) Shares 48,214 (+30.9%) Share Price $37.81 Est. Cost/Share $38.64 Unrealized @ Report Date -2.1%

GLD SPDR GOLD SHARES 0.8%

Value $1.375M (+20.9%) Shares 3,611 (+16.9%) Share Price $380.84 Est. Cost/Share $286.25 Unrealized @ Report Date +33.0%

IJR ISHARES CORE S&P SMALL-CAP E 0.7%

Value $1.352M (+7.5%) Shares 9,939 (+17.2%) Share Price $136.04 Est. Cost/Share $129.94 Unrealized @ Report Date +4.7%

VOO VANGUARD S&P 500 ETF 0.2%

Value $363K (+27.7%) Shares 518 (+25.1%) Share Price $700.86 Est. Cost/Share $644.36 Unrealized @ Report Date +8.8%

RWO SPDR DJ GLOBAL REAL ESTATE E 0.2%

Value $449K (-1.3%) Shares 9,684 (+5.8%) Share Price $46.40 Est. Cost/Share $45.57 Unrealized @ Report Date +1.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLV	HEALTH CARE SELECT SECTOR	53,763 (+94.3%)	$9.055M (+106.2%)	5.0%	$168.42	$147.10	+14.5%	ETP	81369Y209
XLF	FINANCIAL SELECT SECTOR SPDR	214,179 (+31.4%)	$11.44M (+30.9%)	6.3%	$53.40	$46.51	+14.8%	ETP	81369Y605
EWY	ISHARES MSCI SOUTH KOREA ETF	30,796 (+28.1%)	$5.629M (+16.0%)	3.1%	$182.78	$107.44	+70.1%	ETP	464286772
JPIB	JPMORGAN INTL BND ETF	40,362 (+56.9%)	$1.885M (+51.5%)	1.0%	$46.70	$48.34	-3.4%	ETP	46641Q852
EWP	ISHARES MSCI SPAIN ETF	48,715 (+23.9%)	$2.884M (+23.5%)	1.6%	$59.20	$39.25	+50.8%	ETP	464286764
VWO	VANGUARD FTSE EMERGING MARKE	41,048 (+29.8%)	$2.435M (+28.9%)	1.3%	$59.31	$49.44	+20.0%	ETP	922042858
VEA	VANGUARD FTSE DEVELOPED ETF	68,723 (+12.0%)	$4.853M (+11.0%)	2.7%	$70.61	$53.97	+30.8%	ETP	921943858
LQD	ISHARES IBOXX INVESTMENT GRA	14,912 (+50.8%)	$1.524M (+41.3%)	0.8%	$102.18	$109.06	-6.3%	ETP	464287242
BND	VANGUARD TOTAL BOND MARKET	18,543 (+53.3%)	$1.301M (+46.5%)	0.7%	$70.15	$72.83	-3.7%	ETP	921937835
ECH	ISHARES MSCI CHILE ETF	48,214 (+30.9%)	$1.823M (+24.6%)	1.0%	$37.81	$38.64	-2.1%	ETP	464286640
GLD	SPDR GOLD SHARES	3,611 (+16.9%)	$1.375M (+20.9%)	0.8%	$380.84	$286.25	+33.0%	ETP	78463V107
IJR	ISHARES CORE S&P SMALL-CAP E	9,939 (+17.2%)	$1.352M (+7.5%)	0.7%	$136.04	$129.94	+4.7%	ETP	464287804
VOO	VANGUARD S&P 500 ETF	518 (+25.1%)	$363K (+27.7%)	0.2%	$700.86	$644.36	+8.8%	ETP	922908363
RWO	SPDR DJ GLOBAL REAL ESTATE E	9,684 (+5.8%)	$449K (-1.3%)	0.2%	$46.40	$45.57	+1.8%	ETP	78463X749

Exited Positions (25)

XLU UTILITIES SELECT SECTOR SPDR 2.7%

Value $4.823M Shares 106,372 Share Price $45.34 * Est. Cost/Share $42.86 Unrealized @ Report Date -8.0%

XLY CONSUMER DISCRETIONARY SELT 2.6%

Value $4.753M Shares 40,524 Share Price $117.28 * Est. Cost/Share $104.82 Unrealized @ Report Date +3.8%

XLP CONSUMER STAPLES SPDR 1.5%

Value $2.784M Shares 33,518 Share Price $83.07 * Est. Cost/Share $75.74 Unrealized @ Report Date +6.4%

CSTNL ISHARES CORE S&P 500 0.6%

Value $1.172M Shares 1,444 Share Price $811.30 Est. Cost/Share $811.30 Unrealized @ Report Date —

EWH ISHARES MSCI HONG KONG ETF 0.5%

Value $850K Shares 40,610 Share Price $20.92 * Est. Cost/Share $19.82 Unrealized @ Report Date +11.5%

ISVAF ISHARES NASDAQ 100 USD ACC 0.4%

Value $652K Shares 377 Share Price $1729.80 Est. Cost/Share $1729.80 Unrealized @ Report Date —

EMB ISHARES JP MORGAN USD EMERGI 0.3%

Value $582K Shares 6,037 Share Price $96.44 * Est. Cost/Share $88.92 Unrealized @ Report Date +2.2%

ISCMF ISH DIVERS COMMOD SWAP ETF 0.2%

Value $368K Shares 40,447 Share Price $9.10 Est. Cost/Share $9.10 Unrealized @ Report Date —

ISAPF ISHARES CORE EM IMI ACC 0.2%

Value $357K Shares 6,411 Share Price $55.75 Est. Cost/Share $55.75 Unrealized @ Report Date —

ISVUF ISHARES EDGE MSCI USA VALUE 0.2%

Value $323K Shares 16,861 Share Price $19.17 Est. Cost/Share $19.17 Unrealized @ Report Date —

EWA ISHARES MSCI AUSTRALIA ETF 0.2%

Value $314K Shares 11,158 Share Price $28.16 Est. Cost/Share $28.10 Unrealized @ Report Date +0.8%

DVA DAVITA INC 0.2%

Value $281K Shares 1,261 Share Price $222.48 * Est. Cost/Share $181.70 Unrealized @ Report Date -3.7%

RRX REGAL REXNORD CORP 0.1%

Value $270K Shares 1,132 Share Price $238.19 * Est. Cost/Share $185.85 Unrealized @ Report Date -16.5%

ISHVF ISHARES US AGG BND USD ACC 0.1%

Value $255K Shares 44,250 Share Price $5.77 Est. Cost/Share $5.77 Unrealized @ Report Date —

FXI ISHARES CHINA LARGE-CAP ETF 0.1%

Value $240K Shares 7,610 Share Price $31.59 * Est. Cost/Share $31.28 Unrealized @ Report Date +8.8%

BLKXF ISHARES MSCI USA ESG SCREEND 0.1%

Value $231K Shares 14,801 Share Price $15.59 Est. Cost/Share $15.59 Unrealized @ Report Date —

FHN FIRST HORIZON CORP 0.1%

Value $217K Shares 8,475 Share Price $25.64 * Est. Cost/Share $24.39 Unrealized @ Report Date -5.6%

AN AUTONATION INC 0.1%

Value $207K Shares 1,115 Share Price $185.79 * Est. Cost/Share $208.03 Unrealized @ Report Date -24.3%

CCK CROWN HOLDINGS INC 0.1%

Value $204K Shares 1,820 Share Price $111.82 * Est. Cost/Share $101.02 Unrealized @ Report Date +4.3%

SNDK SANDISK CORP 0.1%

Value $202K Shares 89 Share Price $2273.73 * Est. Cost/Share $1427.50 Unrealized @ Report Date +21.9%

ALV AUTOLIV INC 0.1%

Value $201K Shares 1,730 Share Price $116.17 * Est. Cost/Share $118.85 Unrealized @ Report Date -5.9%

ISJPF ISHARES JPM USD EM BND USD A 0.1%

Value $145K Shares 21,896 Share Price $6.64 Est. Cost/Share $6.64 Unrealized @ Report Date —

ISHYF ISHARES USD HY CORP USD ACC 0.1%

Value $137K Shares 18,224 Share Price $7.50 Est. Cost/Share $7.50 Unrealized @ Report Date —

ISJMF ISHARES JPM USD EM CRP USD A 0.1%

Value $96,585 Shares 14,162 Share Price $6.82 Est. Cost/Share $6.82 Unrealized @ Report Date —

ISGAF ISHARES CORE GLB AGG USD-H A 0.0%

Value $84,273 Shares 14,381 Share Price $5.86 Est. Cost/Share $5.86 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLU	UTILITIES SELECT SECTOR SPDR	106,372	$4.823M	2.7%	$45.34 *	$42.86	-8.0%	—	81369Y886
XLY	CONSUMER DISCRETIONARY SELT	40,524	$4.753M	2.6%	$117.28 *	$104.82	+3.8%	—	81369Y407
XLP	CONSUMER STAPLES SPDR	33,518	$2.784M	1.5%	$83.07 *	$75.74	+6.4%	—	81369Y308
CSTNL	ISHARES CORE S&P 500	1,444	$1.172M	0.6%	$811.30	$811.30	—	—	G4955H110
EWH	ISHARES MSCI HONG KONG ETF	40,610	$850K	0.5%	$20.92 *	$19.82	+11.5%	—	464286871
ISVAF	ISHARES NASDAQ 100 USD ACC	377	$652K	0.4%	$1729.80	$1729.80	—	—	G4955H268
EMB	ISHARES JP MORGAN USD EMERGI	6,037	$582K	0.3%	$96.44 *	$88.92	+2.2%	—	464288281
ISCMF	ISH DIVERS COMMOD SWAP ETF	40,447	$368K	0.2%	$9.10	$9.10	—	—	G4954P378
ISAPF	ISHARES CORE EM IMI ACC	6,411	$357K	0.2%	$55.75	$55.75	—	—	G49507836
ISVUF	ISHARES EDGE MSCI USA VALUE	16,861	$323K	0.2%	$19.17	$19.17	—	—	G4955M788
EWA	ISHARES MSCI AUSTRALIA ETF	11,158	$314K	0.2%	$28.16	$28.10	+0.8%	—	464286103
DVA	DAVITA INC	1,261	$281K	0.2%	$222.48 *	$181.70	-3.7%	—	23918K108
RRX	REGAL REXNORD CORP	1,132	$270K	0.1%	$238.19 *	$185.85	-16.5%	—	758750103
ISHVF	ISHARES US AGG BND USD ACC	44,250	$255K	0.1%	$5.77	$5.77	—	—	G4R53X257
FXI	ISHARES CHINA LARGE-CAP ETF	7,610	$240K	0.1%	$31.59 *	$31.28	+8.8%	—	464287184
BLKXF	ISHARES MSCI USA ESG SCREEND	14,801	$231K	0.1%	$15.59	$15.59	—	—	G4954B536
FHN	FIRST HORIZON CORP	8,475	$217K	0.1%	$25.64 *	$24.39	-5.6%	—	320517105
AN	AUTONATION INC	1,115	$207K	0.1%	$185.79 *	$208.03	-24.3%	—	05329W102
CCK	CROWN HOLDINGS INC	1,820	$204K	0.1%	$111.82 *	$101.02	+4.3%	—	228368106
SNDK	SANDISK CORP	89	$202K	0.1%	$2273.73 *	$1427.50	+21.9%	—	80004C200
ALV	AUTOLIV INC	1,730	$201K	0.1%	$116.17 *	$118.85	-5.9%	—	052800109
ISJPF	ISHARES JPM USD EM BND USD A	21,896	$145K	0.1%	$6.64	$6.64	—	—	G4R53X240
ISHYF	ISHARES USD HY CORP USD ACC	18,224	$137K	0.1%	$7.50	$7.50	—	—	G4R53X265
ISJMF	ISHARES JPM USD EM CRP USD A	14,162	$96,585	0.1%	$6.82	$6.82	—	—	G4R54M789
ISGAF	ISHARES CORE GLB AGG USD-H A	14,381	$84,273	0.0%	$5.86	$5.86	—	—	G4R54N258

Decreased Positions (15)

XLC COMM SERV SELECT SECTOR SPDR 6.2%

Value $11.29M (-28.8%) Shares 101,756 (-31.3%) Share Price $110.97 Est. Cost/Share $89.87 Unrealized @ Report Date +23.5%

BIL SPDR BLOOMBERG 1-3 MONTH T-B 3.2%

Value $5.841M (-35.4%) Shares 63,741 (-35.4%) Share Price $91.64 Est. Cost/Share $91.52 Unrealized @ Report Date +0.1%

JBND JPMORGAN ACTIVE BOND ETF 1.3%

Value $2.305M (-54.6%) Shares 45,095 (-52.5%) Share Price $51.12 Est. Cost/Share $53.93 Unrealized @ Report Date -5.2%

BOXX ALPHA ARCHITECT 1-3 MNTH BOX 0.1%

Value $267K (-73.1%) Shares 2,255 (-73.3%) Share Price $118.39 Est. Cost/Share $115.07 Unrealized @ Report Date +2.9%

VTI VANGUARD TOTAL STOCK MKT ETF 2.7%

Value $4.836M (-8.9%) Shares 12,922 (-9.9%) Share Price $374.24 Est. Cost/Share $262.57 Unrealized @ Report Date +42.5%

EWQ ISHARES MSCI FRANCE ETF 0.4%

Value $747K (-37.7%) Shares 17,539 (-33.5%) Share Price $42.60 Est. Cost/Share $36.03 Unrealized @ Report Date +18.2%

EWD ISHARES MSCI SWEDEN ETF 0.2%

Value $401K (-42.9%) Shares 8,030 (-43.0%) Share Price $49.99 Est. Cost/Share $36.84 Unrealized @ Report Date +35.7%

BHF BRIGHTHOUSE FINANCIAL INC 0.1%

Value $201K (-53.0%) Shares 4,035 (-40.3%) Share Price $49.90 Est. Cost/Share $62.19 Unrealized @ Report Date -19.8%

EMXC ISHARES MSCI EMR MRK EX CHNA 0.6%

Value $1.099M (-15.8%) Shares 11,091 (-13.1%) Share Price $99.08 Est. Cost/Share $80.85 Unrealized @ Report Date +22.5%

IJH ISHARES CORE S&P MIDCAP ETF 1.0%

Value $1.733M (-8.5%) Shares 24,084 (-2.0%) Share Price $71.95 Est. Cost/Share $62.27 Unrealized @ Report Date +15.5%

WAL WESTERN ALLIANCE BANCORP 0.2%

Value $284K (-26.5%) Shares 3,785 (-19.6%) Share Price $75.10 Est. Cost/Share $78.95 Unrealized @ Report Date -4.9%

EDEN ISHARES MSCI DENMARK ETF 0.1%

Value $267K (-19.6%) Shares 2,444 (-18.8%) Share Price $109.25 Est. Cost/Share $117.76 Unrealized @ Report Date -7.2%

COKE COCA-COLA CONSOLIDATED INC 0.2%

Value $323K (-9.8%) Shares 1,705 (-9.0%) Share Price $189.27 Est. Cost/Share $175.15 Unrealized @ Report Date +8.1%

LNC LINCOLN NATIONAL CORP 0.2%

Value $327K (+3.7%) Shares 8,112 (-8.9%) Share Price $40.26 Est. Cost/Share $35.96 Unrealized @ Report Date +12.0%

CRGY CRESCENT ENERGY INC-A 0.2%

Value $370K (+0.8%) Shares 28,686 (-23.2%) Share Price $12.89 Est. Cost/Share $12.42 Unrealized @ Report Date +3.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLC	COMM SERV SELECT SECTOR SPDR	101,756 (-31.3%)	$11.29M (-28.8%)	6.2%	$110.97	$89.87	+23.5%	ETP	81369Y852
BIL	SPDR BLOOMBERG 1-3 MONTH T-B	63,741 (-35.4%)	$5.841M (-35.4%)	3.2%	$91.64	$91.52	+0.1%	ETP	78468R663
JBND	JPMORGAN ACTIVE BOND ETF	45,095 (-52.5%)	$2.305M (-54.6%)	1.3%	$51.12	$53.93	-5.2%	ETP	46654Q716
BOXX	ALPHA ARCHITECT 1-3 MNTH BOX	2,255 (-73.3%)	$267K (-73.1%)	0.1%	$118.39	$115.07	+2.9%	ETP	02072L565
VTI	VANGUARD TOTAL STOCK MKT ETF	12,922 (-9.9%)	$4.836M (-8.9%)	2.7%	$374.24	$262.57	+42.5%	ETP	922908769
EWQ	ISHARES MSCI FRANCE ETF	17,539 (-33.5%)	$747K (-37.7%)	0.4%	$42.60	$36.03	+18.2%	ETP	464286707
EWD	ISHARES MSCI SWEDEN ETF	8,030 (-43.0%)	$401K (-42.9%)	0.2%	$49.99	$36.84	+35.7%	ETP	464286756
BHF	BRIGHTHOUSE FINANCIAL INC	4,035 (-40.3%)	$201K (-53.0%)	0.1%	$49.90	$62.19	-19.8%	COMMON STOCK	10922N103
EMXC	ISHARES MSCI EMR MRK EX CHNA	11,091 (-13.1%)	$1.099M (-15.8%)	0.6%	$99.08	$80.85	+22.5%	ETP	46434G764
IJH	ISHARES CORE S&P MIDCAP ETF	24,084 (-2.0%)	$1.733M (-8.5%)	1.0%	$71.95	$62.27	+15.5%	ETP	464287507
WAL	WESTERN ALLIANCE BANCORP	3,785 (-19.6%)	$284K (-26.5%)	0.2%	$75.10	$78.95	-4.9%	COMMON STOCK	957638109
EDEN	ISHARES MSCI DENMARK ETF	2,444 (-18.8%)	$267K (-19.6%)	0.1%	$109.25	$117.76	-7.2%	ETP	46429B523
COKE	COCA-COLA CONSOLIDATED INC	1,705 (-9.0%)	$323K (-9.8%)	0.2%	$189.27	$175.15	+8.1%	COMMON STOCK	191098102
LNC	LINCOLN NATIONAL CORP	8,112 (-8.9%)	$327K (+3.7%)	0.2%	$40.26	$35.96	+12.0%	COMMON STOCK	534187109
CRGY	CRESCENT ENERGY INC-A	28,686 (-23.2%)	$370K (+0.8%)	0.2%	$12.89	$12.42	+3.8%	COMMON STOCK	44952J104

Unchanged Positions (37)

XLI INDUSTRIAL SELECT SECT SPDR 5.2%

Value $9.429M Shares 56,470 Share Price $166.98 Est. Cost/Share $137.29 Unrealized @ Report Date +21.6%

XAR SPDR S&P AEROSPACE & DEF ETF 1.9%

Value $3.535M Shares 15,287 Share Price $231.25 Est. Cost/Share $273.85 Unrealized @ Report Date -15.6%

XLE ENERGY SELECT SECTOR SPDR 2.6%

Value $4.665M Shares 75,848 Share Price $61.50 Est. Cost/Share $51.58 Unrealized @ Report Date +19.2%

XLK TECHNOLOGY SELECT SECT SPDR 7.6%

Value $13.86M Shares 70,821 Share Price $195.75 Est. Cost/Share $125.72 Unrealized @ Report Date +55.7%

FLJP FRANKLIN FTSE JAPAN ETF 4.3%

Value $7.865M Shares 189,978 Share Price $41.40 Est. Cost/Share $29.37 Unrealized @ Report Date +40.9%

FLTW FRANKLIN FTSE TAIWAN ETF 3.9%

Value $7.097M Shares 64,965 Share Price $109.25 Est. Cost/Share $55.62 Unrealized @ Report Date +96.4%

FLKR FRANKLIN FTSE SOUTH KOREA 1.2%

Value $2.105M Shares 35,006 Share Price $60.13 Est. Cost/Share $31.91 Unrealized @ Report Date +88.4%

IWM ISHARES RUSSELL 2000 ETF 1.4%

Value $2.502M Shares 9,002 Share Price $277.89 Est. Cost/Share $257.95 Unrealized @ Report Date +7.7%

EWZ ISHARES MSCI BRAZIL ETF 1.4%

Value $2.627M Shares 70,529 Share Price $37.25 Est. Cost/Share $36.27 Unrealized @ Report Date +2.7%

EWW ISHARES MSCI MEXICO ETF 1.2%

Value $2.212M Shares 31,114 Share Price $71.09 Est. Cost/Share $59.73 Unrealized @ Report Date +19.0%

EPU ISHARES MSCI PERU AND GLOBAL 1.1%

Value $1.942M Shares 21,881 Share Price $88.73 Est. Cost/Share $75.63 Unrealized @ Report Date +17.3%

FLIN FRANKLIN FTSE INDIA ETF 0.9%

Value $1.691M Shares 50,486 Share Price $33.49 Est. Cost/Share $33.95 Unrealized @ Report Date -1.3%

FLSW FRANKLIN FTSE SWITZERLAND 0.8%

Value $1.434M Shares 35,164 Share Price $40.78 Est. Cost/Share $30.58 Unrealized @ Report Date +33.3%

DDS DILLARDS INC-CL A 0.2%

Value $283K Shares 423 Share Price $669.99 Est. Cost/Share $609.18 Unrealized @ Report Date +10.0%

FLGB FRANKLIN FTSE UNITED KINGDOM 2.0%

Value $3.635M Shares 101,402 Share Price $35.85 Est. Cost/Share $24.65 Unrealized @ Report Date +45.4%

VMI VALMONT INDUSTRIES 0.1%

Value $222K Shares 479 Share Price $462.98 Est. Cost/Share $502.86 Unrealized @ Report Date -7.9%

FLCA FRANKLIN FTSE CANADA ETF 2.1%

Value $3.898M Shares 74,760 Share Price $52.14 Est. Cost/Share $30.30 Unrealized @ Report Date +72.1%

FLBR FRANKLIN FTSE BRAZIL ETF 0.3%

Value $576K Shares 24,594 Share Price $23.40 Est. Cost/Share $21.41 Unrealized @ Report Date +9.3%

EWN ISHARES MSCI NETHERLANDS ETF 0.7%

Value $1.246M Shares 18,392 Share Price $67.75 Est. Cost/Share $45.27 Unrealized @ Report Date +49.7%

NEU NEWMARKET CORP 0.1%

Value $251K Shares 280 Share Price $897.52 Est. Cost/Share $720.65 Unrealized @ Report Date +24.5%

DXC DXC TECHNOLOGY CO 0.1%

Value $151K Shares 13,942 Share Price $10.83 Est. Cost/Share $10.36 Unrealized @ Report Date +4.5%

BFH BREAD FINANCIAL HOLDINGS INC 0.1%

Value $233K Shares 2,379 Share Price $97.75 Est. Cost/Share $89.81 Unrealized @ Report Date +8.8%

EWT ISHARES MSCI TAIWAN ETF 0.4%

Value $652K Shares 5,771 Share Price $112.90 Est. Cost/Share $58.93 Unrealized @ Report Date +91.6%

EZA ISHARES MSCI SOUTH AFRICA ET 1.0%

Value $1.907M Shares 29,808 Share Price $63.98 Est. Cost/Share $57.04 Unrealized @ Report Date +12.2%

VT VANGUARD TOT WORLD STK ETF 1.7%

Value $3.138M Shares 19,879 Share Price $157.85 Est. Cost/Share $136.89 Unrealized @ Report Date +15.3%

SPYV SPDR PORT S&P 500 VALUE 1.5%

Value $2.738M Shares 44,797 Share Price $61.13 Est. Cost/Share $48.25 Unrealized @ Report Date +26.7%

FLAU FRANKLIN FTSE AUSTRALIA ETF 0.7%

Value $1.264M Shares 37,289 Share Price $33.89 Est. Cost/Share $29.25 Unrealized @ Report Date +15.9%

FLCH FRANKLIN FTSE CHINA ETF 1.4%

Value $2.519M Shares 121,789 Share Price $20.68 Est. Cost/Share $20.40 Unrealized @ Report Date +1.4%

EWU ISHARES MSCI UNITED KINGDOM 0.5%

Value $832K Shares 17,889 Share Price $46.53 Est. Cost/Share $46.07 Unrealized @ Report Date +1.0%

ADT ADT INC 0.1%

Value $96,198 Shares 15,822 Share Price $6.08 Est. Cost/Share $6.69 Unrealized @ Report Date -9.1%

GTN GRAY MEDIA INC 0.0%

Value $51,147 Shares 11,366 Share Price $4.50 Est. Cost/Share $7.64 Unrealized @ Report Date -41.1%

BBCA JPMORGAN BETABUILDERS CANADA 0.3%

Value $627K Shares 6,249 Share Price $100.36 Est. Cost/Share $73.08 Unrealized @ Report Date +37.3%

EWI ISHARES MSCI ITALY ETF 0.3%

Value $625K Shares 10,644 Share Price $58.72 Est. Cost/Share $39.58 Unrealized @ Report Date +48.3%

FLGR FRANKLIN FTSE GERMANY ETF 1.5%

Value $2.728M Shares 84,886 Share Price $32.14 Est. Cost/Share $25.86 Unrealized @ Report Date +24.3%

TTC TORO CO 0.1%

Value $210K Shares 2,182 Share Price $96.42 Est. Cost/Share $93.00 Unrealized @ Report Date +3.7%

SCI SERVICE CORP INTERNATIONAL 0.1%

Value $203K Shares 2,662 Share Price $76.15 Est. Cost/Share $78.21 Unrealized @ Report Date -2.6%

LAD LITHIA MOTORS INC 0.1%

Value $205K Shares 703 Share Price $291.83 Est. Cost/Share $284.19 Unrealized @ Report Date +2.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLI	INDUSTRIAL SELECT SECT SPDR	56,470	$9.429M	5.2%	$166.98	$137.29	+21.6%	ETP	81369Y704
XAR	SPDR S&P AEROSPACE & DEF ETF	15,287	$3.535M	1.9%	$231.25	$273.85	-15.6%	ETP	78464A631
XLE	ENERGY SELECT SECTOR SPDR	75,848	$4.665M	2.6%	$61.50	$51.58	+19.2%	ETP	81369Y506
XLK	TECHNOLOGY SELECT SECT SPDR	70,821	$13.86M	7.6%	$195.75	$125.72	+55.7%	ETP	81369Y803
FLJP	FRANKLIN FTSE JAPAN ETF	189,978	$7.865M	4.3%	$41.40	$29.37	+40.9%	ETP	35473P744
FLTW	FRANKLIN FTSE TAIWAN ETF	64,965	$7.097M	3.9%	$109.25	$55.62	+96.4%	ETP	35473P686
FLKR	FRANKLIN FTSE SOUTH KOREA	35,006	$2.105M	1.2%	$60.13	$31.91	+88.4%	ETP	35473P710
IWM	ISHARES RUSSELL 2000 ETF	9,002	$2.502M	1.4%	$277.89	$257.95	+7.7%	ETP	464287655
EWZ	ISHARES MSCI BRAZIL ETF	70,529	$2.627M	1.4%	$37.25	$36.27	+2.7%	ETP	464286400
EWW	ISHARES MSCI MEXICO ETF	31,114	$2.212M	1.2%	$71.09	$59.73	+19.0%	ETP	464286822
EPU	ISHARES MSCI PERU AND GLOBAL	21,881	$1.942M	1.1%	$88.73	$75.63	+17.3%	ETP	464289842
FLIN	FRANKLIN FTSE INDIA ETF	50,486	$1.691M	0.9%	$33.49	$33.95	-1.3%	ETP	35473P769
FLSW	FRANKLIN FTSE SWITZERLAND	35,164	$1.434M	0.8%	$40.78	$30.58	+33.3%	ETP	35473P694
DDS	DILLARDS INC-CL A	423	$283K	0.2%	$669.99	$609.18	+10.0%	COMMON STOCK	254067101
FLGB	FRANKLIN FTSE UNITED KINGDOM	101,402	$3.635M	2.0%	$35.85	$24.65	+45.4%	ETP	35473P678
VMI	VALMONT INDUSTRIES	479	$222K	0.1%	$462.98	$502.86	-7.9%	COMMON STOCK	920253101
FLCA	FRANKLIN FTSE CANADA ETF	74,760	$3.898M	2.1%	$52.14	$30.30	+72.1%	ETP	35473P827
FLBR	FRANKLIN FTSE BRAZIL ETF	24,594	$576K	0.3%	$23.40	$21.41	+9.3%	ETP	35473P835
EWN	ISHARES MSCI NETHERLANDS ETF	18,392	$1.246M	0.7%	$67.75	$45.27	+49.7%	ETP	464286814
NEU	NEWMARKET CORP	280	$251K	0.1%	$897.52	$720.65	+24.5%	COMMON STOCK	651587107
DXC	DXC TECHNOLOGY CO	13,942	$151K	0.1%	$10.83	$10.36	+4.5%	COMMON STOCK	23355L106
BFH	BREAD FINANCIAL HOLDINGS INC	2,379	$233K	0.1%	$97.75	$89.81	+8.8%	COMMON STOCK	018581108
EWT	ISHARES MSCI TAIWAN ETF	5,771	$652K	0.4%	$112.90	$58.93	+91.6%	ETP	46434G772
EZA	ISHARES MSCI SOUTH AFRICA ET	29,808	$1.907M	1.0%	$63.98	$57.04	+12.2%	ETP	464286780
VT	VANGUARD TOT WORLD STK ETF	19,879	$3.138M	1.7%	$157.85	$136.89	+15.3%	ETP	922042742
SPYV	SPDR PORT S&P 500 VALUE	44,797	$2.738M	1.5%	$61.13	$48.25	+26.7%	ETP	78464A508
FLAU	FRANKLIN FTSE AUSTRALIA ETF	37,289	$1.264M	0.7%	$33.89	$29.25	+15.9%	ETP	35473P843
FLCH	FRANKLIN FTSE CHINA ETF	121,789	$2.519M	1.4%	$20.68	$20.40	+1.4%	ETP	35473P819
EWU	ISHARES MSCI UNITED KINGDOM	17,889	$832K	0.5%	$46.53	$46.07	+1.0%	ETP	46435G334
ADT	ADT INC	15,822	$96,198	0.1%	$6.08	$6.69	-9.1%	COMMON STOCK	00090Q103
GTN	GRAY MEDIA INC	11,366	$51,147	0.0%	$4.50	$7.64	-41.1%	COMMON STOCK	389375106
BBCA	JPMORGAN BETABUILDERS CANADA	6,249	$627K	0.3%	$100.36	$73.08	+37.3%	ETP	46641Q225
EWI	ISHARES MSCI ITALY ETF	10,644	$625K	0.3%	$58.72	$39.58	+48.3%	ETP	46434G830
FLGR	FRANKLIN FTSE GERMANY ETF	84,886	$2.728M	1.5%	$32.14	$25.86	+24.3%	ETP	35473P785
TTC	TORO CO	2,182	$210K	0.1%	$96.42	$93.00	+3.7%	COMMON STOCK	891092108
SCI	SERVICE CORP INTERNATIONAL	2,662	$203K	0.1%	$76.15	$78.21	-2.6%	COMMON STOCK	817565104
LAD	LITHIA MOTORS INC	703	$205K	0.1%	$291.83	$284.19	+2.7%	COMMON STOCK	536797103