CLS Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ISHARES TR	NATIONAL MUN ETF	464288414	5,181	45,845	SH		SOLE		0	0	45,845
ISHARES TR	MSCI UK ETF NEW	46435G334	248	10,391	SH		SOLE		0	0	10,391
FIDELITY	TOTAL BD ETF	316188309	34,450	665,707	SH		SOLE		0	0	665,707
JOHNSON CTLS INTL PLC	SHS	G51502105	564	20,916	SH		SOLE		0	0	20,916
SPDR SER TR	S&P KENSHO NEW	78468R648	12,261	430,526	SH		SOLE		0	0	430,526
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	65,441	3,111,801	SH		SOLE		105,900	0	3,005,901
FEDEX CORP	COM	31428X106	278	2,291	SH		SOLE		0	0	2,291
ISHARES U S ETF TR	COMMOD SEL STG	46431W853	539	24,016	SH		SOLE		0	0	24,016
ISHARES TR	BARCLAYS 7 10 YR	464287440	10,661	87,760	SH		SOLE		38,000	0	49,760
WISDOMTREE TR	ITL HIGH DIV FD	97717W802	2,556	86,686	SH		SOLE		0	0	86,686
DBX ETF TR	XTRACK USD HIGH	233051432	1,622	36,800	SH		SOLE		36,800	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,088	4	SH		SOLE		0	0	4
SSGA ACTIVE ETF TR	MFS SYS GWT EQ	78467V889	11,605	150,000	SH		SOLE		0	0	150,000
GRANITESHARES ETF TR	BBG COMMD K 1	38747R108	584	31,500	SH		SOLE		0	0	31,500
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	29,104	493,041	SH		SOLE		0	0	493,041
GOLDMAN SACHS ETF TR	ACTIVEBETA INT	381430107	1,630	70,695	SH		SOLE		0	0	70,695
FRANKLIN TEMPLETON ETF TR	FTSE UNTD KGDM	35473P678	12,232	689,525	SH		SOLE		0	0	689,525
DAVIS FUNDAMENTAL ETF TR	SELECT US EQTY	23908L207	3,379	173,715	SH		SOLE		0	0	173,715
SPDR SER TR	PORTFOLIO AGRGTE	78464A649	44,067	1,458,208	SH		SOLE		0	0	1,458,208
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	4,518	134,664	SH		SOLE		57,000	0	77,664
LEGG MASON ETF INVT TR	SML CAP QULITY	52468L877	1,229	69,000	SH		SOLE		0	0	69,000
UNITED PARCEL SERVICE INC	CL B	911312106	425	4,546	SH		SOLE		0	0	4,546
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	2,129	48,099	SH		SOLE		0	0	48,099
ISHARES INC	ESG MSCI EM ETF	46434G863	462	16,890	SH		SOLE		0	0	16,890
ISHARES TR	SH TR CRPORT ETF	464288646	280	5,352	SH		SOLE		0	0	5,352
OCCIDENTAL PETE CORP	COM	674599105	413	35,654	SH		SOLE		0	0	35,654
ISHARES TR	MSCI KLD400 SOC	464288570	1,223	12,560	SH		SOLE		0	0	12,560
ISHARES TR	JPMORGAN USD EMG	464288281	8,852	91,558	SH		SOLE		40,350	0	51,208
FIDELITY COVINGTON TR	MOMENTUM FACTR	316092816	4,638	153,000	SH		SOLE		0	0	153,000
WISDOMTREE TR	EM MKTS QTLY DIV	97717W323	3,569	185,500	SH		SOLE		0	0	185,500
ABBVIE INC	COM	00287Y109	859	11,269	SH		SOLE		0	0	11,269
LEGG MASON ETF INVT TR	CLRBRG GWT ETF	524682101	1,461	50,000	SH		SOLE		0	0	50,000
INNOVATOR ETFS TR II	LUNT LOW VOL HIG	45783G102	356	14,359	SH		SOLE		0	0	14,359
WISDOMTREE TR	US SMALLCAP DIVD	97717W604	2,796	155,152	SH		SOLE		0	0	155,152
INVESCO EXCHANGE TRADED FD T	DYNMC PHRMCTLS	46137V662	19,052	346,330	SH		SOLE		0	0	346,330
FACEBOOK INC	CL A	30303M102	1,281	7,681	SH		SOLE		0	0	7,681
VANECK VECTORS ETF TR	MORNINGSTAR WIDE	92189F643	13,179	301,293	SH		SOLE		0	0	301,293
NUSHARES ETF TR	NUVEEN ENHNC YLD	67092P102	3,098	124,400	SH		SOLE		124,400	0	0
SPDR SER TR	PORTFOLIO S&P400	78464A847	267	10,552	SH		SOLE		0	0	10,552
ISHARES TR	MSCI EMG MKT ETF	464287234	265	7,752	SH		SOLE		0	0	7,752
VANGUARD WORLD FDS	INF TECH ETF	92204A702	3,716	17,538	SH		SOLE		0	0	17,538
WISDOMTREE TR	INTL EQUITY FD	97717W703	813	20,579	SH		SOLE		0	0	20,579
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	2,272	115,195	SH		SOLE		0	0	115,195
J P MORGAN EXCHANGE-TRADED F	ULTRA SHT MUNCPL	46641Q654	281	5,579	SH		SOLE		0	0	5,579
SPDR SER TR	BLOMBERG BRC INV	78468R200	1,029	35,000	SH		SOLE		0	0	35,000
GOLDMAN SACHS ETF TR	ACTIVEBETA US LG	381430503	5,999	114,939	SH		SOLE		63,400	0	51,539
ADOBE INC	COM	00724F101	1,023	3,215	SH		SOLE		0	0	3,215
PAYCHEX INC	COM	704326107	209	3,328	SH		SOLE		0	0	3,328
PHILIP MORRIS INTL INC	COM	718172109	428	5,871	SH		SOLE		0	0	5,871
ISHARES TR	U.S. FIN SVC ETF	464287770	5,339	52,000	SH		SOLE		0	0	52,000
PROLOGIS INC.	COM	74340W103	213	2,645	SH		SOLE		0	0	2,645
GOLDMAN SACHS ETF TR	ACTIVEBETA EUR	381430305	3,573	150,000	SH		SOLE		0	0	150,000
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	27,295	959,073	SH		SOLE		0	0	959,073
POWERSHARES DB MULTI-SECTOR	AGRICULTURE FD	46140H106	2,673	190,000	SH		SOLE		0	0	190,000
FIRST TR EXCHANGE-TRADED FD	FST TR GLB FD	33739H101	4,565	319,696	SH		SOLE		0	0	319,696
GLOBAL X FDS	FINTECH ETF	37954Y814	2,454	101,584	SH		SOLE		0	0	101,584
ISHARES INC	MSCI CDA ETF	464286509	5,483	250,926	SH		SOLE		0	0	250,926
AIR PRODS & CHEMS INC	COM	009158106	214	1,074	SH		SOLE		0	0	1,074
FLEXSHARES TR	INTL QLTDV IDX	33939L837	210	11,839	SH		SOLE		0	0	11,839
JOHN HANCOCK ETF TRUST	MLTFCTR LRG CAP	47804J107	745	23,213	SH		SOLE		0	0	23,213
NEXTERA ENERGY INC	COM	65339F101	1,336	5,551	SH		SOLE		0	0	5,551
FIDELITY COVINGTON TR	MSCI ENERGY IDX	316092402	1,781	236,826	SH		SOLE		0	0	236,826
INVESCO EXCHANGE-TRADED FD T	SR LN ETF	46138G508	12,948	632,865	SH		SOLE		0	0	632,865
ISHARES TR	USA MOMENTUM FCT	46432F396	3,441	32,314	SH		SOLE		0	0	32,314
BRISTOL-MYERS SQUIBB CO	COM	110122108	266	4,775	SH		SOLE		0	0	4,775
CBRE CLARION GLOBAL REAL EST	COM	12504G100	3,315	632,566	SH		SOLE		0	0	632,566
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	5,302	235,329	SH		SOLE		0	0	235,329
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	22,687	567,032	SH		SOLE		301,216	0	265,816
SPDR SER TR	NUVEEN BRC MUNIC	78468R721	989	19,773	SH		SOLE		0	0	19,773
ISHARES TR	PHLX SEMICND ETF	464287523	5,233	25,500	SH		SOLE		0	0	25,500
INVESCO EXCHANGE TRADED FD T	S&P500 EQL HLT	46137V332	2,838	15,000	SH		SOLE		0	0	15,000
HENRY JACK & ASSOC INC	COM	426281101	782	5,037	SH		SOLE		0	0	5,037
FIDELITY COVINGTON TR	VLU FACTOR ETF	316092782	28,560	1,014,926	SH		SOLE		0	0	1,014,926
FRANKLIN TEMPLETON ETF TR	FTSE CANADA	35473P827	707	36,000	SH		SOLE		0	0	36,000
INVESCO ACTIVELY MANAGD ETF	OPTIMUM YIELD	46090F100	19,120	1,617,637	SH		SOLE		0	0	1,617,637
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	2,144	44,000	SH		SOLE		0	0	44,000
ROYCE VALUE TR INC	COM	780910105	2,971	307,223	SH		SOLE		98,293	0	208,930
ALLSTATE CORP	COM	020002101	448	4,887	SH		SOLE		0	0	4,887
WESTERN ASSET EMERGING MKTS	COM	95766A101	993	94,345	SH		SOLE		0	0	94,345
J P MORGAN EXCHANGE-TRADED F	DIV RTN INT EQ	46641Q209	1,134	26,236	SH		SOLE		16,100	0	10,136
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	37,704	380,923	SH		SOLE		153,222	0	227,701
ISHARES TR	USA QUALITY FCTR	46432F339	16,675	205,768	SH		SOLE		0	0	205,768
FRANKLIN TEMPLETON ETF TR	LIBERTYQ US EQT	35473P801	1,376	49,835	SH		SOLE		0	0	49,835
ISHARES TR	CORE S&P500 ETF	464287200	535	2,069	SH		SOLE		0	0	2,069
ISHARES TR	EXPONENTIAL TECH	46434V381	91,277	2,563,243	SH		SOLE		70,300	0	2,492,943
ENTREPRENEURSHARES SER TRUST	ERSHARES 30 ETF	293828802	3,459	204,072	SH		SOLE		0	0	204,072
ISHARES TR	INTL QLTY FACTOR	46434V456	427	16,537	SH		SOLE		0	0	16,537
WISDOMTREE CONTINUOUS COMMOD	SHS BEN INT	97718W108	3,586	248,200	SH		SOLE		43,200	0	205,000
VANECK VECTORS ETF TR	LONG TREND ETF	92189F148	266	11,035	SH		SOLE		0	0	11,035
SSGA ACTIVE TR	SPDR DBLELN SHRT	78470P200	362	7,499	SH		SOLE		0	0	7,499
FLEXSHARES TR	QUALT DIVD IDX	33939L860	2,739	76,180	SH		SOLE		0	0	76,180
ISHARES TR	GL CLEAN ENE ETF	464288224	3,008	315,000	SH		SOLE		0	0	315,000
COMCAST CORP NEW	CL A	20030N101	710	20,640	SH		SOLE		0	0	20,640
ISHARES TR	3 7 YR TREAS BD	464288661	14,307	107,300	SH		SOLE		107,300	0	0
ISHARES TR	INTL VALUE FACTR	46435G409	232	13,199	SH		SOLE		0	0	13,199
J P MORGAN EXCHANGE-TRADED F	DIV RTN GLB EQ	46641Q100	317	6,616	SH		SOLE		0	0	6,616
FIDELITY COVINGTON TR	MSCI FINLS IDX	316092501	4,306	146,577	SH		SOLE		0	0	146,577
SPDR SER TR	SSGA GNDER ETF	78468R747	5,938	100,597	SH		SOLE		0	0	100,597
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	21,915	256,761	SH		SOLE		58,485	0	198,276
JANUS DETROIT STR TR	HENDRSN SHRT ETF	47103U886	38,587	783,497	SH		SOLE		184,000	0	599,497
INVESCO EXCHANGE-TRADED FD T	CALIF AMT MUN	46138E206	845	31,312	SH		SOLE		0	0	31,312
MCDONALDS CORP	COM	580135101	343	2,077	SH		SOLE		0	0	2,077
ALPHABET INC	CAP STK CL A	02079K305	794	683	SH		SOLE		0	0	683
ISHARES TR	MSCI GLOBAL IMP	46435G532	1,406	24,462	SH		SOLE		0	0	24,462
SPDR INDEX SHS FDS	S&P EM MKT DIV	78463X533	30,558	1,376,498	SH		SOLE		0	0	1,376,498
SPDR SER TR	PRTFLO S&P500 VL	78464A508	23,011	890,516	SH		SOLE		0	0	890,516
ISHARES TR	0-5YR HI YL CP	46434V407	16,768	410,276	SH		SOLE		170,000	0	240,276
ISHARES TR	CORE MSCI EURO	46434V738	474	12,771	SH		SOLE		0	0	12,771
MICRON TECHNOLOGY INC	COM	595112103	493	11,726	SH		SOLE		0	0	11,726
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	382	18,447	SH		SOLE		0	0	18,447
PIMCO ETF TR	SHTRM MUN BD ACT	72201R874	861	17,025	SH		SOLE		0	0	17,025
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	311	9,336	SH		SOLE		0	0	9,336
COLGATE PALMOLIVE CO	COM	194162103	889	13,403	SH		SOLE		0	0	13,403
INVESCO CURRENCYSHARES JAPAN	JAPANESE YEN	46138W107	243	2,751	SH		SOLE		0	0	2,751
ISHARES TR	CORE S&P SCP ETF	464287804	17,871	318,505	SH		SOLE		0	0	318,505
ISHARES INC	JP MORGAN EM ETF	464286517	1,026	27,400	SH		SOLE		27,400	0	0
ISHARES U S ETF TR	SHT MAT MUN ETF	46431W838	1,293	25,974	SH		SOLE		0	0	25,974
UNITEDHEALTH GROUP INC	COM	91324P102	1,503	6,027	SH		SOLE		0	0	6,027
WISDOMTREE TR	GLB EX US RL EST	97717W331	4,722	214,134	SH		SOLE		0	0	214,134
SPDR SER TR	S&P HOMEBUILD	78464A888	2,385	80,050	SH		SOLE		0	0	80,050
DAVIS FUNDAMENTAL ETF TR	SELECT FINL	23908L108	25,649	1,535,400	SH		SOLE		0	0	1,535,400
ISHARES TR	20 YR TR BD ETF	464287432	5,469	33,150	SH		SOLE		33,150	0	0
FIRST TR EXCHANGE-TRADED FD	LUNT US FACTOR	33733E872	393	22,195	SH		SOLE		0	0	22,195
ARK ETF TR	GENOMIC REV ETF	00214Q302	5,224	167,000	SH		SOLE		0	0	167,000
FIRST TR EXCHANGE-TRADED FD	NASD TECH DIV	33738R118	5,300	149,789	SH		SOLE		0	0	149,789
INVESCO EXCHANGE-TRADED FD T	FNDMNTL HY CRP	46138E719	3,082	185,901	SH		SOLE		0	0	185,901
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	415	1,891	SH		SOLE		0	0	1,891
ISHARES INC	MSCI HONG KG ETF	464286871	2,099	105,263	SH		SOLE		0	0	105,263
PRUDENTIAL FINL INC	COM	744320102	332	6,359	SH		SOLE		0	0	6,359
VANGUARD INDEX FDS	VALUE ETF	922908744	13,648	153,242	SH		SOLE		17,105	0	136,137
ISHARES INC	MSCI RUSSIA ETF	46434G798	7,005	252,513	SH		SOLE		0	0	252,513
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	253	9,785	SH		SOLE		0	0	9,785
PROSHARES TR	SHRT 20+YR TRE	74347X849	3,948	254,400	SH		SOLE		75,000	0	179,400
PUBLIC STORAGE	COM	74460D109	227	1,144	SH		SOLE		0	0	1,144
ISHARES TR	INTRM TR CRP ETF	464288638	9,972	181,564	SH		SOLE		180,760	0	804
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	961	10,393	SH		SOLE		0	0	10,393
REPUBLIC SVCS INC	COM	760759100	573	7,630	SH		SOLE		0	0	7,630
MICROSOFT CORP	COM	594918104	2,384	15,118	SH		SOLE		0	0	15,118
INVESCO EXCHANGE-TRADED FD T	FTSE RAFI EMNG	46138E727	67,918	4,401,664	SH		SOLE		0	0	4,401,664
INVESCO EXCHANGE-TRADED FD T	VAR RATE PFD	46138G870	5,208	242,664	SH		SOLE		0	0	242,664
BLACKROCK INC	COM	09247X101	1,027	2,335	SH		SOLE		0	0	2,335
SCHWAB STRATEGIC TR	SCHWAB FDT US SC	808524763	6,564	253,714	SH		SOLE		0	0	253,714
NUSHARES ETF TR	NUVEEN ESG LRGVL	67092P300	1,065	43,650	SH		SOLE		0	0	43,650
WISDOMTREE TR	EM EX ST-OWNED	97717X578	208	8,521	SH		SOLE		0	0	8,521
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	974	5,329	SH		SOLE		0	0	5,329
J P MORGAN EXCHANGE-TRADED F	US VALUE FACTR	46641Q753	2,227	109,943	SH		SOLE		0	0	109,943
LOCKHEED MARTIN CORP	COM	539830109	229	676	SH		SOLE		0	0	676
JOHN HANCOCK ETF TRUST	MLTFACTOR ENRG	47804J701	1,814	180,010	SH		SOLE		0	0	180,010
VANGUARD WELLINGTON FD	US LIQUIDITY	921935300	1,097	17,500	SH		SOLE		0	0	17,500
SYNOPSYS INC	COM	871607107	834	6,477	SH		SOLE		0	0	6,477
ISHARES TR	SHORT TREAS BD	464288679	370	3,333	SH		SOLE		0	0	3,333
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	10,232	117,483	SH		SOLE		117,483	0	0
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463X301	19,532	230,000	SH		SOLE		0	0	230,000
PACER FDS TR	TRENDPILOT FD	69374H675	285	12,185	SH		SOLE		0	0	12,185
DBX ETF TR	XTRCKR RUSL 1000	233051242	38,212	1,644,222	SH		SOLE		0	0	1,644,222
JOHN HANCOCK ETF TRUST	MLTFCTR CONSMR	47804J875	5,692	220,013	SH		SOLE		0	0	220,013
SPDR SER TR	PORTFLI TIPS ETF	78464A656	2,673	92,034	SH		SOLE		0	0	92,034
SPDR S&P 500 ETF TR	TR UNIT	78462F103	515	1,999	SH		SOLE		0	0	1,999
COSTAR GROUP INC	COM	22160N109	495	843	SH		SOLE		0	0	843
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	7,154	1,121,352	SH		SOLE		0	0	1,121,352
APPLE INC	COM	037833100	6,550	25,758	SH		SOLE		0	0	25,758
PACCAR INC	COM	693718108	252	4,116	SH		SOLE		0	0	4,116
INTEL CORP	COM	458140100	1,755	32,429	SH		SOLE		0	0	32,429
INVESCO EXCHANGE TRADED FD T	S&P500 PUR VAL	46137V258	6,559	164,185	SH		SOLE		33,100	0	131,085
ISHARES INC	CORE MSCI EMKT	46434G103	10,045	248,204	SH		SOLE		0	0	248,204
ISHARES TR	S&P 100 ETF	464287101	1,969	16,595	SH		SOLE		0	0	16,595
VANECK VECTORS ETF TR	RUSSIA ETF	92189F403	1,754	105,135	SH		SOLE		0	0	105,135
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	289	2,798	SH		SOLE		0	0	2,798
ISHARES TR	USD INV GRDE ETF	464288620	3,748	66,900	SH		SOLE		66,900	0	0
STARBUCKS CORP	COM	855244109	608	9,241	SH		SOLE		0	0	9,241
ISHARES TR	GLOBAL REIT ETF	46434V647	859	44,857	SH		SOLE		0	0	44,857
PINNACLE WEST CAP CORP	COM	723484101	1,196	15,780	SH		SOLE		0	0	15,780
FIDELITY COVINGTON TR	MSCI INFO TECH I	316092808	3,511	56,000	SH		SOLE		0	0	56,000
SPDR SER TR	PORTFOLI S&P1500	78464A805	43,132	1,371,457	SH		SOLE		0	0	1,371,457
DISNEY WALT CO	COM DISNEY	254687106	899	9,304	SH		SOLE		0	0	9,304
COSTCO WHSL CORP NEW	COM	22160K105	1,511	5,300	SH		SOLE		0	0	5,300
DBX ETF TR	XTRACK MSCI EAFE	233051200	1,607	59,980	SH		SOLE		0	0	59,980
BK OF AMERICA CORP	COM	060505104	537	25,291	SH		SOLE		0	0	25,291
DBX ETF TR	XTRACK HRVST CSI	233051879	2,680	103,500	SH		SOLE		0	0	103,500
ISHARES INC	MSCI TURKEY ETF	464286715	2,743	146,000	SH		SOLE		0	0	146,000
WISDOMTREE TR	FLOATNG RAT TREA	97717X628	303	12,067	SH		SOLE		0	0	12,067
ISHARES TR	MSCI MIN VOL ETF	46429B697	25,579	473,601	SH		SOLE		0	0	473,601
VANECK VECTORS ETF TR	RETAIL ETF	92189F684	7,581	72,000	SH		SOLE		0	0	72,000
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	3,238	53,585	SH		SOLE		0	0	53,585
JOHN HANCOCK ETF TRUST	MULTFCTR EMRNG	47804J834	275	13,917	SH		SOLE		0	0	13,917
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	971	13,897	SH		SOLE		0	0	13,897
VISA INC	COM CL A	92826C839	1,040	6,456	SH		SOLE		0	0	6,456
ISHARES INC	MSCI SPAIN ETF	464286764	1,524	75,000	SH		SOLE		0	0	75,000
JOHN HANCOCK ETF TRUST	MULTI INTL ETF	47804J859	8,361	368,336	SH		SOLE		0	0	368,336
INVESCO EXCHANGE TRADED FD T	DYNMC BIOTECH	46137V787	1,255	27,000	SH		SOLE		0	0	27,000
ISHARES TR	MSCI AC ASIA ETF	464288182	7,474	125,157	SH		SOLE		0	0	125,157
ISHARES TR	GLOB HLTHCRE ETF	464287325	30,803	505,471	SH		SOLE		18,600	0	486,871
ISHARES U S ETF TR	SHT MAT BD ETF	46431W507	1,736	35,807	SH		SOLE		0	0	35,807
PIMCO DYNAMIC CR & MTG INC F	COM SHS	72202D106	5,351	318,159	SH		SOLE		0	0	318,159
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	35,417	1,479,399	SH		SOLE		0	0	1,479,399
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	27,096	840,195	SH		SOLE		0	0	840,195
ARK ETF TR	INNOVATION ETF	00214Q104	3,980	90,448	SH		SOLE		0	0	90,448
LOWES COS INC	COM	548661107	389	4,516	SH		SOLE		0	0	4,516
SCHWAB STRATEGIC TR	SCHWB FDT EMK LG	808524730	3,635	176,779	SH		SOLE		0	0	176,779
ISHARES TR	INTL SEL DIV ETF	464288448	8,374	370,541	SH		SOLE		0	0	370,541
ENTERPRISE PRODS PARTNERS L	COM	293792107	161	11,262	SH		SOLE		0	0	11,262
PIMCO ETF TR	1-5 US TIP IDX	72201R205	15,183	293,614	SH		SOLE		0	0	293,614
GLOBAL X FDS	GLBL X MLP ETF	37950E473	237	75,349	SH		SOLE		0	0	75,349
ISHARES INC	MSCI GLB SLV&MTL	464286327	3,243	425,000	SH		SOLE		0	0	425,000
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	66,102	1,378,266	SH		SOLE		433,619	0	944,647
ISHARES TR	CORE MSCI TOTAL	46432F834	12,975	276,005	SH		SOLE		0	0	276,005
ISHARES INC	MSCI ITALY ETF	46434G830	1,000	48,134	SH		SOLE		0	0	48,134
LATTICE STRATEGIES TR	HARTFORD MLT ETF	518416102	342	15,519	SH		SOLE		0	0	15,519
INVESCO EXCHANGE-TRADED FD T	FTSE RAFI DEV	46138E743	405	13,360	SH		SOLE		0	0	13,360
ISHARES TR	ESG MSCI EAFE	46435G516	326	6,133	SH		SOLE		0	0	6,133
ISHARES INC	MSCI TAIWAN ETF	46434G772	2,394	72,600	SH		SOLE		0	0	72,600
ETF SER SOLUTIONS	US GLB JETS	26922A842	383	26,000	SH		SOLE		0	0	26,000
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,235	41,001	SH		SOLE		41,000	0	1
DAVIS FUNDAMENTAL ETF TR	SELCT INTL ETF	23908L405	7,817	524,550	SH		SOLE		0	0	524,550
J P MORGAN EXCHANGE-TRADED F	DIVERSIFIED ET	46641Q803	15,294	806,639	SH		SOLE		0	0	806,639
ISHARES TR	EDGE MSCI USA VL	46432F388	35,759	567,601	SH		SOLE		0	0	567,601
INVESCO EXCHANGE-TRADED FD T	CEF INM COMPSI	46138E404	3,145	179,727	SH		SOLE		0	0	179,727
KAYNE ANDERSN MLP MIDS INVT	COM	486606106	819	225,512	SH		SOLE		0	0	225,512
ISHARES TR	SHRT NAT MUN ETF	464288158	5,085	47,832	SH		SOLE		0	0	47,832
INDEXIQ ETF TR	IQ MRGR ARB ETF	45409B800	39,252	1,302,339	SH		SOLE		72,131	0	1,230,208
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	5,492	177,500	SH		SOLE		0	0	177,500
ISHARES TR	TIPS BD ETF	464287176	2,760	23,402	SH		SOLE		0	0	23,402
VANECK VECTORS ETF TR	INVT GRADE FLTG	92189F486	580	24,548	SH		SOLE		0	0	24,548
JOHN HANCOCK ETF TRUST	MULTIFACTOR FI	47804J404	8,788	313,187	SH		SOLE		0	0	313,187
PIMCO EQUITY SER	RAFI DYN EMERG	72202L389	17,719	1,011,946	SH		SOLE		0	0	1,011,946
SMITH A O CORP	COM	831865209	556	14,718	SH		SOLE		0	0	14,718
ISHARES TR	CORE US AGGBD ET	464287226	1,797	15,574	SH		SOLE		0	0	15,574
INVESCO CURRENCYSHARES EURO	EURO SHS	46138K103	236	2,267	SH		SOLE		0	0	2,267
FLEXSHARES TR	GLB QLT R/E IDX	33939L787	1,752	37,000	SH		SOLE		0	0	37,000
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189H300	1,708	60,002	SH		SOLE		0	0	60,002
ETF SER SOLUTIONS	SALT HIG TRUBT	26922A479	1,311	71,000	SH		SOLE		0	0	71,000
ISHARES TR	MIN VOL EAFE ETF	46429B689	12,243	197,308	SH		SOLE		0	0	197,308
ALPHABET INC	CAP STK CL C	02079K107	285	245	SH		SOLE		0	0	245
ISHARES TR	EAFE VALUE ETF	464288877	1,328	37,213	SH		SOLE		0	0	37,213
TEUCRIUM COMMODITY TR	SOYBEAN FD	88166A607	703	50,000	SH		SOLE		0	0	50,000
ISHARES TR	CHINA LG-CAP ETF	464287184	1,014	27,000	SH		SOLE		27,000	0	0
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	15,022	574,000	SH		SOLE		0	0	574,000
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	6,195	402,005	SH		SOLE		0	0	402,005
DAVIS FUNDAMENTAL ETF TR	SELECT WRLD WI	23908L306	8,934	464,088	SH		SOLE		0	0	464,088
SPDR SER TR	PORTFOLIO SH TSR	78468R101	4,331	140,981	SH		SOLE		0	0	140,981
HORMEL FOODS CORP	COM	440452100	671	14,391	SH		SOLE		0	0	14,391
SPDR SER TR	PRTFLO S&P500 HI	78468R788	2,752	111,859	SH		SOLE		0	0	111,859
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	1,938	35,719	SH		SOLE		0	0	35,719
ISHARES TR	INTL MOMENTUM FT	46434V449	8,070	305,000	SH		SOLE		0	0	305,000
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189H409	5,850	111,932	SH		SOLE		39,700	0	72,232
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	11,365	277,052	SH		SOLE		0	0	277,052
FIRST TR EXCHNG TRADED FD VI	TCW OPPORTUNIS	33740F805	20,073	380,828	SH		SOLE		0	0	380,828
VANGUARD STAR FDS	VG TL INTL STK F	921909768	505	12,025	SH		SOLE		0	0	12,025
PACKAGING CORP AMER	COM	695156109	532	6,126	SH		SOLE		0	0	6,126
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	7,963	382,473	SH		SOLE		96,900	0	285,573
SPDR SER TR	PORTFOLIO S&P500	78464A854	349	11,549	SH		SOLE		0	0	11,549
SPDR SER TR	PORTFOLIO S&P600	78468R853	265	12,137	SH		SOLE		0	0	12,137
FRANKLIN LTD DURATION INCOME	COM	35472T101	2,190	278,921	SH		SOLE		0	0	278,921
INVESCO ACTIVELY MANAGED ETF	VAR RATE INVT	46090A879	426	18,752	SH		SOLE		0	0	18,752
PIMCO ETF TR	ACTIVE BD ETF	72201R775	72,914	686,766	SH		SOLE		166,909	0	519,857
PROSPECT CAPITAL CORPORATION	NOTE 4.750% 4/1	74348TAQ5	10	10,000	PRN		SOLE		0	0	10,000
VANGUARD MUN BD FD INC	TAX EXEMPT BD	922907746	4,100	77,503	SH		SOLE		0	0	77,503
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,338	8,197	SH		SOLE		0	0	8,197
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	2,523	286,708	SH		SOLE		78,416	0	208,292
US BANCORP DEL	COM NEW	902973304	499	14,493	SH		SOLE		0	0	14,493
VANECK VECTORS ETF TR	PHARMACEUTICAL	92189F692	12,464	229,151	SH		SOLE		0	0	229,151
JANUS DETROIT STR TR	HENDERSON MTG	47103U852	725	13,931	SH		SOLE		0	0	13,931
WISDOMTREE TR	YIELD ENHANCD US	97717X511	3,425	66,314	SH		SOLE		0	0	66,314
ISHARES TR	RUS 1000 VAL ETF	464287598	24,909	251,153	SH		SOLE		0	0	251,153
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	3,872	527,579	SH		SOLE		0	0	527,579
ISHARES TR	ESG US AGR BD	46435U549	574	10,361	SH		SOLE		0	0	10,361
PIMCO ETF TR	INTER MUN BD ACT	72201R866	7,296	133,731	SH		SOLE		0	0	133,731
ISHARES TR	CORE HIGH DV ETF	46429B663	6,936	96,943	SH		SOLE		0	0	96,943
ISHARES TR	MODERT ALLOC ETF	464289875	276	7,512	SH		SOLE		0	0	7,512
INVESCO EXCHANGE-TRADED FD T	S&P500 LOW VOL	46138E354	26,167	557,704	SH		SOLE		0	0	557,704
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	332	2,806	SH		SOLE		0	0	2,806
INNOVATOR ETFS TR	S&P 500 POWER	45782C508	9,190	366,700	SH		SOLE		0	0	366,700
JPMORGAN CHASE & CO	COM	46625H100	811	9,012	SH		SOLE		0	0	9,012
EXXON MOBIL CORP	COM	30231G102	449	11,814	SH		SOLE		0	0	11,814
ISHARES TR	CALIF MUN BD ETF	464288356	1,329	21,953	SH		SOLE		0	0	21,953
J P MORGAN EXCHANGE-TRADED F	HIGH YLD RESRCH	46641Q878	414	9,332	SH		SOLE		0	0	9,332
ISHARES TR	CORE S&P TTL STK	464287150	2,678	46,810	SH		SOLE		0	0	46,810
ISHARES GOLD TRUST	ISHARES	464285105	3,391	225,000	SH		SOLE		0	0	225,000
EXCHANGE TRADED CONCEPTS TR	EMQQ EM INTERN	301505889	28,476	903,699	SH		SOLE		0	0	903,699
INVESCO EXCHANGE-TRADED FD T	EMRNG MKT SVRG	46138E784	19,399	811,347	SH		SOLE		246,371	0	564,976
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	1,236	17,476	SH		SOLE		17,000	0	476
BANK NEW YORK MELLON CORP	COM	064058100	763	22,657	SH		SOLE		0	0	22,657
REGIONS FINANCIAL CORP NEW	COM	7591EP100	91	10,093	SH		SOLE		0	0	10,093
ALPHA ARCHITECT ETF TR	INTL QUAN VALUE	02072L201	1,974	95,000	SH		SOLE		0	0	95,000
ISHARES INC	MIN VOL GBL ETF	464286525	48,209	600,057	SH		SOLE		0	0	600,057
PFIZER INC	COM	717081103	418	12,801	SH		SOLE		0	0	12,801
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	841	19,429	SH		SOLE		0	0	19,429
AT&T INC	COM	00206R102	922	31,631	SH		SOLE		0	0	31,631
JOHN HANCOCK ETF TRUST	MULTIFACTR SML	47804J842	2,624	138,027	SH		SOLE		0	0	138,027
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	5,132	59,849	SH		SOLE		20,145	0	39,704
BOEING CO	COM	097023105	342	2,295	SH		SOLE		0	0	2,295
FIRST TR EXCHANGE-TRADED FD	FIRST TR TA HIYL	33738D408	1,014	24,150	SH		SOLE		0	0	24,150
FIRST TR EXCHANGE TRADED ALP	EUROPE ALPHADEX	33737J117	21,511	831,170	SH		SOLE		0	0	831,170
J P MORGAN EXCHANGE-TRADED F	BETBULD EUROPE	46641Q720	7,564	395,000	SH		SOLE		0	0	395,000
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	30,043	233,055	SH		SOLE		0	0	233,055
HOME DEPOT INC	COM	437076102	1,990	10,660	SH		SOLE		0	0	10,660
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	2,435	148,503	SH		SOLE		148,500	0	3
ABERDEEN STD INVTS ETFS	BBRG ALL COMD K1	003261104	14,515	831,814	SH		SOLE		0	0	831,814
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	12,501	217,376	SH		SOLE		0	0	217,376
INVESCO DB COMMDY INDX TRCK	UNIT	46138B103	27,581	1,540,000	SH		SOLE		0	0	1,540,000
ISHARES TR	RUS 1000 GRW ETF	464287614	555	3,686	SH		SOLE		0	0	3,686
FIRST TR EXCHANGE-TRADED FD	NO AMER ENERGY	33738D101	846	47,560	SH		SOLE		44,900	0	2,660
SPDR SER TR	NUVEEN BLMBRG SR	78468R739	4,289	87,718	SH		SOLE		0	0	87,718
FIRST TR EXCHANGE TRADED FD	CLOUD COMPUTING	33734X192	5,449	100,000	SH		SOLE		0	0	100,000
JOHN HANCOCK ETF TRUST	MULTIFACTOR HE	47804J503	12,794	392,951	SH		SOLE		0	0	392,951
SPDR INDEX SHS FDS	SOLACTIVE CANADA	78463X376	3,616	78,836	SH		SOLE		0	0	78,836