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 |
Consumer Discretionary Select Sector SPDR | SBI CONS DISCR | 81369Y407 | 6,803 | 33,278 | SH | | SOLE | NONE | 33,278 | 0 | 0 |
Consumer Staples Select Sector SPDR | SBI CONS STPLS | 81369Y308 | 6,817 | 88,414 | SH | | SOLE | NONE | 88,414 | 0 | 0 |
Energy Select Sector SPDR | ENERGY | 81369Y506 | 6,803 | 122,586 | SH | | SOLE | NONE | 122,586 | 0 | 0 |
Fidelity Limited Term Bond ETF | LTD TRM BD ETF | 316188200 | 2,806 | 54,189 | SH | | SOLE | NONE | 54,189 | 0 | 0 |
Fidelity MSCI Communication Services Index ETF | MSCI COMMNTN SVC | 316092873 | 204 | 3,981 | SH | | SOLE | NONE | 3,981 | 0 | 0 |
Fidelity MSCI Consumer Discretionary ETF | MSCI CONSM DIS | 316092204 | 248 | 2,820 | SH | | SOLE | NONE | 2,820 | 0 | 0 |
Fidelity MSCI Energy Index ETF | MSCI ENERGY IDX | 316092402 | 195 | 12,863 | SH | | SOLE | NONE | 12,863 | 0 | 0 |
Fidelity MSCI Financials Index ETF | MSCI FINLS IDX | 316092501 | 217 | 3,891 | SH | | SOLE | NONE | 3,891 | 0 | 0 |
Fidelity MSCI Health Care Index ETF | MSCI HLTH CARE I | 316092600 | 203 | 2,968 | SH | | SOLE | NONE | 2,968 | 0 | 0 |
Fidelity MSCI Industrials Index ETF | MSCI INDL INDX | 316092709 | 6,803 | 121,059 | SH | | SOLE | NONE | 121,059 | 0 | 0 |
Fidelity MSCI Information Technology ETF | MSCI INFO TECH I | 316092808 | 205 | 1,516 | SH | | SOLE | NONE | 1,516 | 0 | 0 |
Fidelity MSCI Utilities Index ETF | MSCI UTILS INDEX | 316092865 | 6,803 | 146,880 | SH | | SOLE | NONE | 146,880 | 0 | 0 |
Financial Select Sector SPDR | FINANCIAL | 81369Y605 | 6,803 | 174,226 | SH | | SOLE | NONE | 174,226 | 0 | 0 |
First Trust Dow Jones Internet Index Fund | DJ INTERNT IDX | 33733E302 | 2,317 | 10,247 | SH | | SOLE | NONE | 10,247 | 0 | 0 |
HealthCare Select Sector SPDR | SBI HEALTHCARE | 81369Y209 | 6,803 | 48,289 | SH | | SOLE | NONE | 48,289 | 0 | 0 |
iShares 10-20 Year Treasury Bond ETF | 10-20 YR TRS ETF | 464288653 | 550 | 3,712 | SH | | SOLE | NONE | 3,712 | 0 | 0 |
iShares Agency Bond ETF | AGENCY BOND ETF | 464288166 | 3,029 | 25,851 | SH | | SOLE | NONE | 25,851 | 0 | 0 |
iShares Aggregate Bond ETF | CORE US AGGBD ET | 464287226 | 4,235 | 37,128 | SH | | SOLE | NONE | 37,128 | 0 | 0 |
iShares Barclays 7-10 Year Treasury Bond ETF | BARCLAYS 7 10 YR | 464287440 | 4,235 | 36,831 | SH | | SOLE | NONE | 36,831 | 0 | 0 |
iShares Broad USD Investment Grade Corporate Bond ETF | USD INV GRDE ETF | 464288620 | 3,029 | 50,703 | SH | | SOLE | NONE | 50,703 | 0 | 0 |
iShares Government/Credit Bond ETF | GOV/CRED BD ETF | 464288596 | 3,684 | 30,319 | SH | | SOLE | NONE | 30,319 | 0 | 0 |
iShares iBoxx $ Investop Investment Grade Bo | IBOXX INV CP ETF | 464287242 | 3,029 | 22,857 | SH | | SOLE | NONE | 22,857 | 0 | 0 |
iShares MSCI Canada Index ETF | MSCI CDA ETF | 464286509 | 655 | 17,060 | SH | | SOLE | NONE | 17,060 | 0 | 0 |
iShares MSCI Value Index ETF | EAFE VALUE ETF | 464288877 | 550 | 10,932 | SH | | SOLE | NONE | 10,932 | 0 | 0 |
Materials SPDR | SBI MATERIALS | 81369Y100 | 6,803 | 75,085 | SH | | SOLE | NONE | 75,085 | 0 | 0 |
NuShares Enhanced Yield U.S. Aggregate Bond ETF | NUVEEN ENHNC YLD | 67092P102 | 6,642 | 269,807 | SH | | SOLE | NONE | 269,807 | 0 | 0 |
PIMCO 15 Year U.S. TIPS ETF | 15+ YR US TIPS | 72201R304 | 550 | 6,030 | SH | | SOLE | NONE | 6,030 | 0 | 0 |
Real Estate Select Sector SPDR ETF | RL EST SEL SEC | 81369Y860 | 6,803 | 131,316 | SH | | SOLE | NONE | 131,316 | 0 | 0 |
Schwab US TIPS ETF | US TIPS ETF | 808524870 | 2,747 | 43,684 | SH | | SOLE | NONE | 43,684 | 0 | 0 |
SPDR Portfolio Aggregate Bond ETF | PORTFOLIO AGRGTE | 78464A649 | 14,652 | 494,681 | SH | | SOLE | NONE | 494,681 | 0 | 0 |
SPDR Portfolio Developed World ex-U.S. ETF | PORTFOLIO DEVLPD | 78463X889 | 4,680 | 128,298 | SH | | SOLE | NONE | 128,298 | 0 | 0 |
SPDR Portfolio Intermediate Term Corporate Bond ETF | PORTFOLIO INTRMD | 78464A375 | 4,235 | 117,166 | SH | | SOLE | NONE | 117,166 | 0 | 0 |
SPDR Portfolio TIPS ETF | PORTFLI TIPS ETF | 78464A656 | 655 | 20,813 | SH | | SOLE | NONE | 20,813 | 0 | 0 |
SPDR S&P Capital Markets ETF | S&P CAP MKTS | 78464A771 | 550 | 5,312 | SH | | SOLE | NONE | 5,312 | 0 | 0 |
Technology Select Sector SPDR | TECHNOLOGY | 81369Y803 | 7,369 | 42,382 | SH | | SOLE | NONE | 42,382 | 0 | 0 |
The Communication Services Select Sector SPDR ETF | COMMUNICATION | 81369Y852 | 6,803 | 87,584 | SH | | SOLE | NONE | 87,584 | 0 | 0 |
Vanguard Emerging Markets Govt Bd Idx ETF | EMERG MKT BD ETF | 921946885 | 915 | 11,792 | SH | | SOLE | NONE | 11,792 | 0 | 0 |
Vanguard FTSE All-World ex-US ETF | ALLWRLD EX US | 922042775 | 1,206 | 19,688 | SH | | SOLE | NONE | 19,688 | 0 | 0 |
Vanguard FTSE Developed Markets ETF | FTSE DEV MKT ETF | 921943858 | 4,762 | 93,263 | SH | | SOLE | NONE | 93,263 | 0 | 0 |
Vanguard Intl Equity Index | ALLWRLD EX US | 922042775 | 275 | 2,566 | SH | | SOLE | NONE | 2,566 | 0 | 0 |
Vanguard Mid-Cap ETF | MID CAP ETF | 922908629 | 4,395 | 17,253 | SH | | SOLE | NONE | 17,253 | 0 | 0 |
Vanguard Mortgage-Backed Securities ETF | MTG-BKD SECS ETF | 92206C771 | 4,235 | 80,158 | SH | | SOLE | NONE | 80,158 | 0 | 0 |
Vanguard Small-Cap Growth ETF | SML CP GRW ETF | 922908595 | 4,395 | 15,599 | SH | | SOLE | NONE | 15,599 | 0 | 0 |
Vanguard Total World Stock ETF | TT WRLD ST ETF | 922042742 | 261 | 2,431 | SH | | SOLE | NONE | 2,431 | 0 | 0 |
Wisdom Tree Emerging Markets ex-State Owned Enterprises ETF | EM EX ST-OWNED | 97717X578 | 4,627 | 125,577 | SH | | SOLE | NONE | 125,577 | 0 | 0 |
WisdomTree Bloomberg U.S. Dollar Bullish Fund | BLMBG US BULL | 97717W471 | 3,684 | 141,392 | SH | | SOLE | NONE | 141,392 | 0 | 0 |
WisdomTree Emerging Markets ex State-Owned Enterprises Fund ETF | EM EX ST-OWNED | 97717X578 | 4,835 | 131,228 | SH | | SOLE | NONE | 131,228 | 0 | 0 |