| IISHARES TRIEUR |
| 14.45% | 16.27% | $27.5M | 366,091 | $25.2M | 358,678 | +7,413+2.07% | Add |
| IISHARES TRAGG |
| 10.76% | 9.91% | $20.5M | 207,027 | $15.4M | 154,657 | +52,370+33.86% | Add |
| IISHARES MSCI EMERGING MARKETS EX CHINA ETFEMXC |
| 10.69% | 12.46% | $20.4M | 198,962 | $19.3M | 245,346 | -46,384-18.91% | Reduce |
| SSELECT SECTOR SPDR TRXLK |
| 9.81% | 5.99% | $18.7M | 98,077 | $9.3M | 69,781 | +28,296+40.55% | Add |
| IISHARES TRIXUS |
| 9.78% | 8.02% | $18.6M | 195,098 | $12.4M | 143,288 | +51,810+36.16% | Add |
| IISHARES S&P 100 ETFIWO |
| 5.8% | 6.18% | $11.0M | 30,162 | $9.6M | 30,102 | +60+0.20% | Add |
| IISHARES TRIBTJ |
| 5.57% | — | $10.6M | 457,923 | $0 | 0 | +457,923 | New Buy |
| FFRANKLIN TEMPLETON ETF TRFLJP |
| 4.04% | 4.52% | $7.7M | 193,477 | $7.0M | 193,477 | 00.00% | Unchanged |
| SSTATE STREET HEALTH CARE SELECT SECTOR SPDR ETFXLV |
| 3.18% | 2.75% | $6.1M | 38,218 | $4.3M | 29,016 | +9,202+31.71% | Add |
| IISHARES TRIBDS |
| 2.77% | 3.37% | $5.3M | 217,898 | $5.2M | 215,592 | +2,306+1.07% | Add |
| FFRANKLIN FTSE CANADAFLCA |
| 2.57% | 3% | $4.9M | 94,991 | $4.6M | 94,991 | 00.00% | Unchanged |
| SSELECT SECTOR SPDR TRXLY |
| 2.23% | 1.91% | $4.3M | 36,243 | $3.0M | 27,156 | +9,087+33.46% | Add |
| IISHARES CORE MSCI PACIFIC ETFIPAC |
| 2.22% | 2.52% | $4.2M | 51,646 | $3.9M | 51,110 | +536+1.05% | Add |
| SSTATE STREETXLI |
| 1.81% | 1.36% | $3.5M | 18,633 | $2.1M | 13,028 | +5,605+43.02% | Add |
| SSELECT SECTOR SPDR TRXLF |
| 1.79% | 1.53% | $3.4M | 63,657 | $2.4M | 48,135 | +15,522+32.25% | Add |
| IISHARES TRUSRT |
| 1.71% | 1.87% | $3.3M | 49,011 | $2.9M | 49,011 | 00.00% | Unchanged |
| SSTATE STREET MATERIALS SELECT SECTOR SPDR ETFXLB |
| 1.44% | 1.36% | $2.7M | 53,845 | $2.1M | 42,124 | +11,721+27.82% | Add |
| SSELECT SECTOR SPDR TRXLP |
| 1.42% | 1.38% | $2.7M | 32,651 | $2.1M | 26,068 | +6,583+25.25% | Add |
| SSELECT SECTOR SPDR TRXLE |
| 1.38% | 1.68% | $2.6M | 49,464 | $2.6M | 42,593 | +6,871+16.13% | Add |
| SSELECT SECTOR SPDR TRXLY |
| 1.3% | 1.31% | $2.5M | 23,179 | $2.0M | 18,255 | +4,924+26.97% | Add |
| VVANGUARD S&PIVOG |
| 0.93% | 0.97% | $1.8M | 12,075 | $1.5M | 12,075 | 00.00% | Unchanged |
| SSPDR SERIES TRUSTSPYG |
| 0.87% | 0.88% | $1.7M | 13,946 | $1.4M | 13,929 | +17+0.12% | Add |
| IISHARES TRIWD |
| 0.59% | 0.64% | $1.1M | 4,654 | $991,345 | 4,640 | +14+0.30% | Add |
| FFRANKLIN TEMPLETON ETF TRFLBR |
| 0.47% | 0.64% | $890,659 | 41,600 | $993,828 | 41,600 | 00.00% | Unchanged |
| GGLOBAL X FDSVNAM |
| 0.44% | 0.49% | $838,821 | 33,300 | $760,230 | 33,300 | 00.00% | Unchanged |
| SSELECT SECTOR SPDR TRXLRE |
| 0.41% | 0.34% | $785,323 | 17,836 | $527,915 | 12,930 | +4,906+37.94% | Add |
| GGLOBAL X FDSASEA |
| 0.34% | 0.42% | $649,680 | 33,130 | $643,717 | 33,130 | 00.00% | Unchanged |
| IISHARES INCORPORATED MSCI SPAIN ETFEWP |
| 0.34% | 0.38% | $648,306 | 10,916 | $583,724 | 10,748 | +168+1.56% | Add |
| IISHARES MSCI CHILE ETFECH |
| 0.27% | 0.33% | $514,774 | 12,967 | $507,559 | 12,766 | +201+1.57% | Add |
| FFRANKLIN TEMPLETON ETF TRFLMX |
| 0.27% | 0.33% | $510,838 | 13,951 | $512,247 | 13,951 | 00.00% | Unchanged |
| FFRANKLIN TEMPLETON ETF TRFLAU |
| 0.16% | 0.2% | $309,825 | 9,205 | $302,966 | 9,205 | 00.00% | Unchanged |
| IISHARES TREPU |
| 0.15% | 0.18% | $284,318 | 3,405 | $274,818 | 3,405 | 00.00% | Unchanged |
