NOTTINGHAM ADVISORS, INC. Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
IEFA	Sell	ISHARES TRcore msci eafe	$73,573,410	-14.6%	1,271,843	-0.3%	11.37%	+0.7%
IVV	Sell	ISHARES TRcore s&p500 etf	$51,340,485	-5.4%	119,555	-1.8%	7.94%	+11.5%
SPYV	Sell	SPDR SER TRprtflo s&p500 vl	$42,555,005	-19.0%	1,207,451	-0.7%	6.58%	-4.5%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$37,222,658	-13.2%	785,982	+1.4%	5.75%	+2.3%
SPYG	Buy	SPDR SER TRprtflo s&p500 gw	$37,172,620	-16.8%	736,457	+0.6%	5.75%	-1.9%
IJR	Sell	ISHARES TRcore s&p scp etf	$27,940,775	-14.1%	325,422	-0.3%	4.32%	+1.2%
IJH	Sell	ISHARES TRcore s&p mcp etf	$27,141,783	-13.3%	119,172	-0.5%	4.20%	+2.1%
IEMG	Sell	ISHARES INCcore msci emkt	$24,815,636	-14.9%	589,744	-0.4%	3.84%	+0.2%
USMV	Sell	ISHARES TRmsci usa min vol	$21,962,170	-14.2%	338,403	-1.7%	3.40%	+1.1%
SPLG	Sell	SPDR SER TRportfolio s&p500	$18,771,627	-24.4%	469,740	-1.4%	2.90%	-10.9%
SGOV	Buy	ISHARES TR0-3 mnth treasry	$15,959,237	-11.7%	183,490	+2.2%	2.47%	+4.0%
SPIB	Sell	SPDR SER TRportfolio intrmd	$15,165,486	-27.6%	644,505	-1.2%	2.34%	-14.7%
	Buy	WISDOMTREE TRfloatng rat trea	$13,278,634	-17.8%	326,441	+1.7%	2.05%	-3.1%
VGIT	Sell	VANGUARD SCOTTSDALE FDSinter term treas	$12,854,295	-29.9%	310,479	-0.6%	1.99%	-17.4%
BSCQ	Buy	INVESCO EXCH TRD SLF IDX FD	$12,753,487	-23.9%	893,470	+1.0%	1.97%	-10.4%
	Buy	WORLD GOLD TRspdr gld minis	$12,079,067	+0.8%	329,489	+4.8%	1.87%	+18.8%
IBTK	Buy	ISHARES TRibond dec 2030	$11,888,111	-24.2%	837,822	+4.9%	1.84%	-10.7%
FLCA	Sell	FRANKLIN TEMPLETON ETF TRftse canada	$11,487,496	-21.8%	452,826	-2.6%	1.78%	-7.8%
IWF	Sell	ISHARES TRrus 1000 grw etf	$10,327,992	-17.4%	45,103	-0.8%	1.60%	-2.7%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$8,652,469	-4.8%	170,997	-1.5%	1.34%	+12.2%
IWD	Sell	ISHARES TRrus 1000 val etf	$8,442,260	-22.5%	67,892	-1.7%	1.30%	-8.7%
IAU	Sell	ISHARES GOLD TRishares new	$8,421,393	-32.5%	337,048	-1.7%	1.30%	-20.5%
IBTI	Buy	ISHARES TRibonds 28 trm ts	$8,025,746	+68.8%	457,026	+111.5%	1.24%	+98.9%
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$7,564,800	–	160,000	–	1.17%	–
IXJ	Buy	ISHARES TRglob hlthcre etf	$7,473,953	-10.3%	102,746	+4.8%	1.16%	+5.7%
ACWI	Sell	ISHARES TRmsci acwi etf	$6,527,710	-3.7%	70,669	-0.0%	1.01%	+13.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$6,383,308	-9.1%	16,123	-9.7%	0.99%	+7.0%
CBU	Buy	COMMUNITY BK SYS INC	$5,823,080	-10.0%	137,955	+0.0%	0.90%	+6.1%
ESGD	Sell	ISHARES TResg aw msci eafe	$5,434,902	-5.8%	78,619	-0.6%	0.84%	+11.0%
EMXC	Buy	ISHARES INCmsci emrg chn	$5,229,072	-14.5%	118,258	+0.5%	0.81%	+0.7%
TOTL	Sell	SSGA ACTIVE ETF TRspdr tr tactic	$4,023,844	-11.9%	104,110	-7.6%	0.62%	+3.8%
IEF	Sell	ISHARES TR7-10 yr trsy bd	$3,750,524	-9.1%	40,949	-4.1%	0.58%	+7.2%
VEA	Buy	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$3,562,850	+1.0%	81,492	+6.7%	0.55%	+19.0%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$3,471,394	-25.1%	65,879	+0.2%	0.54%	-11.7%
AAPL	Buy	APPLE INC	$3,030,748	-11.1%	17,702	+0.7%	0.47%	+4.7%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$2,893,478	+2.9%	8,260	+0.2%	0.45%	+21.1%
ESGE	Buy	ISHARES INCesg awr msci em	$2,884,091	-3.1%	95,247	+1.2%	0.45%	+14.1%
EZU	Sell	ISHARES INCmsci eurzone etf	$2,859,043	-20.9%	78,746	-0.2%	0.44%	-6.8%
EWC	Buy	ISHARES INCmsci cda etf	$2,461,359	-3.8%	73,561	+0.6%	0.38%	+13.1%
IVE	Sell	ISHARES TRs&p 500 val etf	$2,441,981	-37.6%	24,129	-0.6%	0.38%	-26.5%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,216,662	+2.5%	16,812	-6.0%	0.34%	+20.8%
PREF	Sell	PRINCIPAL EXCHANGE TRADED FDspectrum pfd	$2,192,761	-1.0%	130,057	-0.5%	0.34%	+16.5%
HDV	Buy	ISHARES TRcore high dv etf	$1,986,755	-22.8%	26,332	+3.1%	0.31%	-9.2%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,969,289	+7.2%	4,607	+11.1%	0.30%	+26.1%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,843,393	-3.6%	47,013	-0.0%	0.28%	+13.5%
VRP	Sell	INVESCO EXCH TRADED FD TR IIvar rate pfd	$1,728,597	-2.5%	77,273	-3.0%	0.27%	+14.6%
PG	Sell	PROCTER AND GAMBLE CO	$1,668,930	-5.1%	11,442	-1.3%	0.26%	+11.7%
MSFT	Sell	MICROSOFT CORP	$1,645,678	-23.1%	5,212	-17.0%	0.25%	-9.6%
ESGU	Buy	ISHARES TResg awr msci usa	$1,503,029	-2.4%	16,005	+1.3%	0.23%	+14.9%
JPST	Sell	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$1,474,188	-41.4%	36,553	-27.2%	0.23%	-30.9%
GSY	Sell	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$1,363,262	-82.6%	33,430	-78.8%	0.21%	-79.4%
BSCP	Buy	INVESCO EXCH TRD SLF IDX FD	$1,348,556	-35.8%	104,617	+0.3%	0.21%	-24.4%
TJX	Sell	TJX COS INC NEW	$1,323,956	+4.8%	14,896	-0.1%	0.20%	+23.5%
VIG	Sell	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,265,028	-10.4%	8,142	-6.3%	0.20%	+5.9%
SRLN	Sell	SSGA ACTIVE ETF TRblackstone senr	$1,242,763	-32.9%	42,379	-4.3%	0.19%	-21.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$1,237,936	-0.2%	9,460	-8.7%	0.19%	+17.2%
JAAA	Sell	JANUS DETROIT STR TRhendrson aaa cl	$1,208,323	-4.3%	24,008	-5.3%	0.19%	+12.7%
BSCR	Buy	INVESCO EXCH TRD SLF IDX FD	$1,091,389	-40.6%	103,990	+7.6%	0.17%	-29.9%
BSCS	Buy	INVESCO EXCH TRD SLF IDX FDinvsco blsh 28	$976,887	-41.5%	89,744	+6.2%	0.15%	-31.1%
VOO	Buy	VANGUARD INDEX FDS	$972,325	+113.2%	2,476	+121.1%	0.15%	+150.0%
SCZ	Buy	ISHARES TReafe sml cp etf	$964,914	-2.6%	17,087	+1.7%	0.15%	+14.6%
VT	Sell	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$958,356	-13.2%	10,285	-9.6%	0.15%	+2.1%
MTB	Sell	M & T BK CORP	$767,219	-3.4%	6,067	-5.4%	0.12%	+14.4%
HYBB	Sell	ISHARES TRbb rat corp bd	$736,605	-47.2%	28,384	-8.8%	0.11%	-37.7%
SPSM	Buy	SPDR SER TRportfolio s&p600	$731,513	+16.4%	19,824	+22.6%	0.11%	+37.8%
SPMD	Buy	SPDR SER TRportfolio s&p400	$717,053	+16.5%	16,375	+22.1%	0.11%	+37.0%
JNJ	Sell	JOHNSON & JOHNSON	$704,401	-11.4%	4,523	-5.8%	0.11%	+4.8%
JUST	Buy	GOLDMAN SACHS ETF TRjust us lrg cp	$696,391	-2.5%	11,440	+1.2%	0.11%	+14.9%
EFAV	Sell	ISHARES TRmsci eafe min vl	$566,762	-7.6%	8,690	-4.3%	0.09%	+10.0%
PAYX	Buy	PAYCHEX INC	$569,513	+3.2%	4,938	+0.1%	0.09%	+22.2%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$547,578	-18.0%	1,528	-15.5%	0.08%	-3.4%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$531,477	-87.2%	1	-87.5%	0.08%	-84.9%
AMZN	Buy	AMAZON COM INC	$511,150	+3.1%	4,021	+5.8%	0.08%	+21.5%
SPSB	Sell	SPDR SER TRportfolio short	$513,100	-8.3%	17,500	-7.9%	0.08%	+8.2%
DIA	Buy	SPDR DOW JONES INDL AVERAGEut ser 1	$508,634	+12.0%	1,519	+15.0%	0.08%	+31.7%
GLD	Buy	SPDR GOLD TR	$491,719	+7.7%	2,868	+12.0%	0.08%	+26.7%
CATH	Buy	GLOBAL X FDSs&p 500 catholic	$488,377	-2.4%	9,338	+1.6%	0.08%	+13.6%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$450,423	-4.4%	2,163	+1.1%	0.07%	+12.9%
MINT	Sell	PIMCO ETF TRenhan shrt ma ac	$445,623	-49.8%	4,450	-49.9%	0.07%	-40.5%
SUSB	Buy	ISHARES TResg awre 1 5 yr	$436,263	+2.7%	18,354	+3.3%	0.07%	+19.6%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$412,684	-26.7%	5,431	-23.7%	0.06%	-13.5%
VGLT	Buy	VANGUARD SCOTTSDALE FDSlong term treas	$415,603	-54.0%	15,030	+5.7%	0.06%	-46.2%
VUSB	Sell	VANGUARD BD INDEX FDSvanguard ultra	$385,207	-23.2%	7,831	-23.2%	0.06%	-9.1%
SUSC	Sell	ISHARES TResg awre usd etf	$370,508	-8.4%	17,027	-4.2%	0.06%	+7.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$361,693	+4.0%	2,578	-0.8%	0.06%	+21.7%
ACWX	Sell	ISHARES TRmsci acwi ex us	$345,053	-9.4%	7,340	-5.2%	0.05%	+6.0%
SPDW	Sell	SPDR INDEX SHS FDSportfolio devlpd	$311,534	-6.2%	10,046	-1.5%	0.05%	+9.1%
GRNB	Buy	VANECK ETF TRUSTgreen bond etf	$301,144	+1.0%	13,284	+3.8%	0.05%	+20.5%
PRFZ	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$288,663	-4.0%	8,750	+400.0%	0.04%	+15.4%
FIF	Buy	FIRST TR ENERGY INFRASTRCTR	$292,868	+12.8%	19,344	+9.5%	0.04%	+32.4%
BSCO	Sell	INVESCO EXCH TRD SLF IDX FD	$284,977	-69.9%	23,985	-47.9%	0.04%	-64.5%
XOM	Buy	EXXON MOBIL CORP	$268,670	+11.8%	4,338	+93.6%	0.04%	+31.2%
VTI	New	VANGUARD INDEX FDStotal stk mkt	$262,145	–	1,234	–	0.04%	–
RAND	Sell	RAND CAP CORP	$251,929	-8.1%	19,129	-9.3%	0.04%	+8.3%
CRBN	Buy	ISHARES TRmsci lw crb tg	$238,001	+10.4%	1,584	+14.9%	0.04%	+32.1%
GSST	Sell	GOLDMAN SACHS ETF TRaces ultra shr	$221,983	-32.8%	4,445	-32.8%	0.03%	-20.9%
PEP	New	PEPSICO INC	$214,721	–	1,267	–	0.03%	–
V	Sell	VISA INC	$213,051	-32.4%	926	-30.2%	0.03%	-19.5%
AIF	Buy	APOLLO TACTICAL INCOME FD IN	$210,015	+25.8%	15,708	+19.4%	0.03%	+45.5%
SPEM	Sell	SPDR INDEX SHS FDSportfolio emg mk	$204,799	-3.3%	6,101	-1.0%	0.03%	+14.3%
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-2,119	–	-0.03%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,490	–	-0.03%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-1,075	–	-0.03%	–
HYXF	Exit	ISHARES TResg advncd hy bd	$0	–	-6,161	–	-0.04%	–
SMMU	Exit	PIMCO ETF TRshtrm mun bd act	$0	–	-6,050	–	-0.04%	–
INDS	Exit	PACER FDS TRindustrial relet	$0	–	-9,925	–	-0.05%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-6,770	–	-0.06%	–

Q2 2023

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$86,122,379	–	1,275,887	–	11.30%	–
IVV	New	ISHARES TRcore s&p500 etf	$54,243,779	–	121,702	–	7.12%	–
SPYV	New	SPDR SER TRprtflo s&p500 vl	$52,508,073	–	1,215,465	–	6.89%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$44,669,749	–	732,171	–	5.86%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$42,870,521	–	774,815	–	5.62%	–
IJR	New	ISHARES TRcore s&p scp etf	$32,522,350	–	326,365	–	4.27%	–
IJH	New	ISHARES TRcore s&p mcp etf	$31,322,380	–	119,789	–	4.11%	–
IEMG	New	ISHARES INCcore msci emkt	$29,170,774	–	591,819	–	3.83%	–
USMV	New	ISHARES TRmsci usa min vol	$25,592,233	–	344,306	–	3.36%	–
SPLG	New	SPDR SER TRportfolio s&p500	$24,835,497	–	476,598	–	3.26%	–
SPIB	New	SPDR SER TRportfolio intrmd	$20,942,024	–	652,196	–	2.75%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$18,331,693	–	312,508	–	2.40%	–
SGOV	New	ISHARES TR0-3 mnth treasry	$18,071,249	–	179,581	–	2.37%	–
BSCQ	New	INVESCO EXCH TRD SLF IDX FD	$16,760,454	–	884,690	–	2.20%	–
	New	WISDOMTREE TRfloatng rat trea	$16,144,511	–	320,837	–	2.12%	–
IBTK	New	ISHARES TRibond dec 2030	$15,691,700	–	798,560	–	2.06%	–
FLCA	New	FRANKLIN TEMPLETON ETF TRftse canada	$14,684,600	–	464,850	–	1.93%	–
IWF	New	ISHARES TRrus 1000 grw etf	$12,510,713	–	45,463	–	1.64%	–
IAU	New	ISHARES GOLD TRishares new	$12,482,171	–	343,011	–	1.64%	–
	New	WORLD GOLD TRspdr gld minis	$11,979,953	–	314,517	–	1.57%	–
IWD	New	ISHARES TRrus 1000 val etf	$10,896,735	–	69,041	–	1.43%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$9,087,824	–	173,531	–	1.19%	–
IXJ	New	ISHARES TRglob hlthcre etf	$8,333,720	–	98,055	–	1.09%	–
GSY	New	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$7,821,395	–	157,562	–	1.03%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,023,989	–	17,859	–	0.92%	–
ACWI	New	ISHARES TRmsci acwi etf	$6,782,013	–	70,690	–	0.89%	–
CBU	New	COMMUNITY BK SYS INC	$6,466,502	–	137,937	–	0.85%	–
EMXC	New	ISHARES INCmsci emrg chn	$6,114,939	–	117,640	–	0.80%	–
ESGD	New	ISHARES TResg aw msci eafe	$5,767,200	–	79,079	–	0.76%	–
IBTI	New	ISHARES TRibonds 28 trm ts	$4,754,944	–	216,134	–	0.62%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$4,632,956	–	65,735	–	0.61%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$4,568,071	–	112,653	–	0.60%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$4,142,480	–	8	–	0.54%	–
IEF	New	ISHARES TR7-10 yr trsy bd	$4,123,763	–	42,689	–	0.54%	–
IVE	New	ISHARES TRs&p 500 val etf	$3,911,878	–	24,269	–	0.51%	–
EZU	New	ISHARES INCmsci eurzone etf	$3,616,143	–	78,921	–	0.47%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$3,528,265	–	76,402	–	0.46%	–
AAPL	New	APPLE INC	$3,410,933	–	17,585	–	0.45%	–
ESGE	New	ISHARES INCesg awr msci em	$2,977,598	–	94,138	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,811,545	–	8,245	–	0.37%	–
HDV	New	ISHARES TRcore high dv etf	$2,574,227	–	25,541	–	0.34%	–
EWC	New	ISHARES INCmsci cda etf	$2,557,848	–	73,102	–	0.34%	–
JPST	New	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$2,517,187	–	50,203	–	0.33%	–
PREF	New	PRINCIPAL EXCHANGE TRADED FDspectrum pfd	$2,214,806	–	130,667	–	0.29%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,162,944	–	17,880	–	0.28%	–
MSFT	New	MICROSOFT CORP	$2,138,920	–	6,281	–	0.28%	–
BSCP	New	INVESCO EXCH TRD SLF IDX FD	$2,099,941	–	104,319	–	0.28%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,912,936	–	47,024	–	0.25%	–
SRLN	New	SSGA ACTIVE ETF TRblackstone senr	$1,853,375	–	44,265	–	0.24%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,837,707	–	4,146	–	0.24%	–
BSCR	New	INVESCO EXCH TRD SLF IDX FD	$1,838,282	–	96,622	–	0.24%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$1,772,279	–	79,653	–	0.23%	–
PG	New	PROCTER AND GAMBLE CO	$1,758,818	–	11,591	–	0.23%	–
BSCS	New	INVESCO EXCH TRD SLF IDX FDinvsco blsh 28	$1,669,301	–	84,543	–	0.22%	–
ESGU	New	ISHARES TResg awr msci usa	$1,539,380	–	15,795	–	0.20%	–
VIG	New	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,411,418	–	8,689	–	0.18%	–
HYBB	New	ISHARES TRbb rat corp bd	$1,393,976	–	31,114	–	0.18%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,347,166	–	24,906	–	0.18%	–
JAAA	New	JANUS DETROIT STR TRhendrson aaa cl	$1,263,249	–	25,341	–	0.17%	–
TJX	New	TJX COS INC NEW	$1,263,915	–	14,906	–	0.17%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,240,092	–	10,360	–	0.16%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$1,103,923	–	11,383	–	0.14%	–
FAST	New	FASTENAL CO	$1,060,522	–	17,978	–	0.14%	–
OCUL	New	OCULAR THERAPEUTIX INC	$1,002,413	–	194,266	–	0.13%	–
SCZ	New	ISHARES TReafe sml cp etf	$990,876	–	16,800	–	0.13%	–
BSCO	New	INVESCO EXCH TRD SLF IDX FD	$946,467	–	46,012	–	0.12%	–
VGLT	New	VANGUARD SCOTTSDALE FDSlong term treas	$903,587	–	14,223	–	0.12%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$886,966	–	8,891	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$794,932	–	4,803	–	0.10%	–
MTB	New	M & T BK CORP	$793,878	–	6,415	–	0.10%	–
JUST	New	GOLDMAN SACHS ETF TRjust us lrg cp	$714,129	–	11,305	–	0.09%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$668,057	–	1,808	–	0.09%	–
ESGV	New	VANGUARD WORLD FDesg us stk etf	$646,388	–	8,250	–	0.08%	–
AGG	New	ISHARES TRcore us aggbd et	$644,707	–	6,582	–	0.08%	–
VSGX	New	VANGUARD WORLD FDesg intl stk etf	$647,942	–	12,200	–	0.08%	–
SPSM	New	SPDR SER TRportfolio s&p600	$628,197	–	16,174	–	0.08%	–
COST	New	COSTCO WHSL CORP NEW	$627,213	–	1,165	–	0.08%	–
SPMD	New	SPDR SER TRportfolio s&p400	$615,560	–	13,414	–	0.08%	–
EFAV	New	ISHARES TRmsci eafe min vl	$613,238	–	9,085	–	0.08%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$562,732	–	7,120	–	0.07%	–
SPSB	New	SPDR SER TRportfolio short	$559,360	–	19,000	–	0.07%	–
PAYX	New	PAYCHEX INC	$551,974	–	4,934	–	0.07%	–
PFF	New	ISHARES TRpfd and incm sec	$547,368	–	17,697	–	0.07%	–
JPM	New	JPMORGAN CHASE & CO	$538,273	–	3,701	–	0.07%	–
DHR	New	DANAHER CORPORATION	$507,360	–	2,114	–	0.07%	–
IGIB	New	ISHARES TR	$505,700	–	10,000	–	0.07%	–
CATH	New	GLOBAL X FDSs&p 500 catholic	$500,311	–	9,190	–	0.07%	–
VUSB	New	VANGUARD BD INDEX FDSvanguard ultra	$501,481	–	10,201	–	0.07%	–
AMZN	New	AMAZON COM INC	$495,629	–	3,802	–	0.06%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$471,142	–	2,140	–	0.06%	–
DIA	New	SPDR DOW JONES INDL AVERAGEut ser 1	$454,226	–	1,321	–	0.06%	–
GLD	New	SPDR GOLD TR	$456,549	–	2,561	–	0.06%	–
VOO	New	VANGUARD INDEX FDS	$456,154	–	1,120	–	0.06%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$443,029	–	6,770	–	0.06%	–
SUSB	New	ISHARES TResg awre 1 5 yr	$424,797	–	17,767	–	0.06%	–
SUSC	New	ISHARES TResg awre usd etf	$404,294	–	17,779	–	0.05%	–
INDS	New	PACER FDS TRindustrial relet	$388,396	–	9,925	–	0.05%	–
ACWX	New	ISHARES TRmsci acwi ex us	$380,963	–	7,740	–	0.05%	–
VONV	New	VANGUARD SCOTTSDALE FDSvng rus1000val	$359,892	–	5,200	–	0.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$347,638	–	2,598	–	0.05%	–
IYY	New	ISHARES TRdow jones us etf	$351,314	–	3,243	–	0.05%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$332,046	–	10,204	–	0.04%	–
GSST	New	GOLDMAN SACHS ETF TRaces ultra shr	$330,089	–	6,615	–	0.04%	–
V	New	VISA INC	$314,954	–	1,326	–	0.04%	–
AXP	New	AMERICAN EXPRESS CO	$307,463	–	1,765	–	0.04%	–
RVNC	New	REVANCE THERAPEUTICS INC	$303,188	–	11,979	–	0.04%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$300,703	–	1,750	–	0.04%	–
GRNB	New	VANECK ETF TRUSTgreen bond etf	$298,038	–	12,794	–	0.04%	–
SMMU	New	PIMCO ETF TRshtrm mun bd act	$299,657	–	6,050	–	0.04%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$283,492	–	2,507	–	0.04%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$277,079	–	6,326	–	0.04%	–
RAND	New	RAND CAP CORP	$274,238	–	21,079	–	0.04%	–
HYXF	New	ISHARES TResg advncd hy bd	$271,577	–	6,161	–	0.04%	–
EMNT	New	PIMCO ETF TRenhancd short	$266,805	–	2,725	–	0.04%	–
FIF	New	FIRST TR ENERGY INFRASTRCTR	$259,749	–	17,670	–	0.03%	–
HD	New	HOME DEPOT INC	$262,918	–	846	–	0.03%	–
ACWV	New	ISHARES INCmsci gbl min vol	$250,040	–	2,550	–	0.03%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$252,969	–	1,075	–	0.03%	–
SBUX	New	STARBUCKS CORP	$246,660	–	2,490	–	0.03%	–
EFA	New	ISHARES TRmsci eafe etf	$242,150	–	3,340	–	0.03%	–
XOM	New	EXXON MOBIL CORP	$240,347	–	2,241	–	0.03%	–
CRBN	New	ISHARES TRmsci lw crb tg	$215,515	–	1,378	–	0.03%	–
CHD	New	CHURCH & DWIGHT CO INC	$212,398	–	2,119	–	0.03%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$211,726	–	2,164	–	0.03%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$211,872	–	6,163	–	0.03%	–
MQY	New	BLACKROCK MUNIYILD QULT FD I	$185,120	–	16,000	–	0.02%	–
AIF	New	APOLLO TACTICAL INCOME FD IN	$166,987	–	13,159	–	0.02%	–
NAN	New	NUVEEN NEW YORK QLT MUN INC	$107,500	–	10,000	–	0.01%	–
RWT	New	REDWOOD TRUST INC	$84,320	–	13,237	–	0.01%	–
FPL	New	FST TR NEW OPPORT MLP & ENE	$66,220	–	11,000	–	0.01%	–
NSPR	New	INSPIREMD INC	$62,750	–	25,000	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
RWT	Exit	REDWOOD TR INC	$0	–	-13,237	–	-0.01%	–
NAN	Exit	NUVEEN NEW YORK QLT MUN INC	$0	–	-10,000	–	-0.02%	–
NAD	Exit	NUVEEN QUALITY MUNCP INCOME	$0	–	-10,750	–	-0.02%	–
FPL	Exit	FST TR NEW OPPORT MLP & ENE	$0	–	-21,000	–	-0.02%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-2,314	–	-0.03%	–
CI	Exit	CIGNA CORP NEW	$0	–	-750	–	-0.03%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,446	–	-0.03%	–
CRBN	Exit	ISHARES TRmsci lw crb tg	$0	–	-1,723	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-920	–	-0.03%	–
SPEM	Exit	SPDR INDEX SHS FDSportfolio emg mk	$0	–	-7,007	–	-0.03%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-7,325	–	-0.03%	–
ACWV	Exit	ISHARES INCmsci gbl min vol	$0	–	-2,595	–	-0.03%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-6,321	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-844	–	-0.03%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-2,588	–	-0.03%	–
V	Exit	VISA INC	$0	–	-1,326	–	-0.03%	–
KBWB	Exit	INVESCO EXCH TRADED FD TR IIkbw bk etf	$0	–	-4,704	–	-0.04%	–
	Exit	JANUS DETROIT STR TRnet zero trans	$0	–	-12,328	–	-0.04%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,842	–	-0.04%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-1,750	–	-0.04%	–
SUSB	Exit	ISHARES TResg awre 1 5 yr	$0	–	-11,192	–	-0.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,334	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-3,225	–	-0.04%	–
GRNB	Exit	VANECK ETF TRUSTgreen bond etf	$0	–	-12,889	–	-0.04%	–
VONV	Exit	VANGUARD SCOTTSDALE FDSvng rus1000val	$0	–	-5,200	–	-0.04%	–
BIL	Exit	SPDR SER TRbloomberg 1-3 mo	$0	–	-3,379	–	-0.04%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-8,020	–	-0.05%	–
EMNT	Exit	PIMCO ETF TRenhancd short	$0	–	-3,310	–	-0.05%	–
RAND	Exit	RAND CAP CORP	$0	–	-22,579	–	-0.05%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-1,925	–	-0.05%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-8,585	–	-0.05%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-13,312	–	-0.05%	–
SPMD	Exit	SPDR SER TRportfolio s&p400	$0	–	-9,328	–	-0.05%	–
DIA	Exit	SPDR DOW JONES INDL AVERAGEut ser 1	$0	–	-1,361	–	-0.06%	–
FIF	Exit	FIRST TR ENERGY INFRASTRCTR	$0	–	-29,170	–	-0.06%	–
SMMU	Exit	PIMCO ETF TRshtrm mun bd act	$0	–	-8,147	–	-0.06%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,128	–	-0.06%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,230	–	-0.06%	–
SPSM	Exit	SPDR SER TRportfolio s&p600	$0	–	-11,846	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,910	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,702	–	-0.06%	–
INDS	Exit	PACER FDS TRbnchmrk indstr	$0	–	-11,879	–	-0.06%	–
CATH	Exit	GLOBAL X FDSs&p 500 catholic	$0	–	-9,677	–	-0.06%	–
	Exit	WISDOMTREE TRfloatng rat trea	$0	–	-8,350	–	-0.06%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-1,630	–	-0.06%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-6,710	–	-0.06%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,722	–	-0.07%	–
GLD	Exit	SPDR GOLD TR	$0	–	-3,117	–	-0.07%	–
IGIB	Exit	ISHARES TR	$0	–	-10,000	–	-0.07%	–
ESGV	Exit	VANGUARD WORLD FDesg us stk etf	$0	–	-8,250	–	-0.08%	–
PAYX	Exit	PAYCHEX INC	$0	–	-4,735	–	-0.08%	–
VSGX	Exit	VANGUARD WORLD FDesg intl stk etf	$0	–	-12,450	–	-0.08%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,158	–	-0.08%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-19,000	–	-0.08%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-2,184	–	-0.08%	–
SPDW	Exit	SPDR INDEX SHS FDSportfolio devlpd	$0	–	-22,972	–	-0.08%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-6,582	–	-0.09%	–
JUST	Exit	GOLDMAN SACHS ETF TRjust us lrg cp	$0	–	-12,519	–	-0.09%	–
PBW	Exit	INVESCO EXCHANGE TRADED FD Twilderhil clan	$0	–	-14,056	–	-0.10%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-21,929	–	-0.10%	–
JMST	Exit	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$0	–	-14,405	–	-0.10%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-21,367	–	-0.11%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-7,838	–	-0.11%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-10,360	–	-0.11%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-16,400	–	-0.12%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-194,266	–	-0.12%	–
FAST	Exit	FASTENAL CO	$0	–	-17,978	–	-0.12%	–
VGLT	Exit	VANGUARD SCOTTSDALE FDSlong term treas	$0	–	-13,525	–	-0.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,284	–	-0.12%	–
VUSB	Exit	VANGUARD BD INDEX FDSvanguard ultra	$0	–	-18,637	–	-0.13%	–
TJX	Exit	TJX COS INC NEW	$0	–	-14,878	–	-0.13%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,200	–	-0.14%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-26,330	–	-0.15%	–
GSST	Exit	GOLDMAN SACHS ETF TRaces ultra shr	$0	–	-20,825	–	-0.15%	–
EFAV	Exit	ISHARES TRmsci eafe min vl	$0	–	-19,518	–	-0.16%	–
BSCP	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-61,104	–	-0.18%	–
MTB	Exit	M & T BK CORP	$0	–	-6,961	–	-0.18%	–
BSCQ	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-66,621	–	-0.18%	–
VIG	Exit	VANGUARD SPECIALIZED FUNDSdiv app etf	$0	–	-9,458	–	-0.18%	–
BSCN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-65,295	–	-0.20%	–
VEA	Exit	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$0	–	-39,842	–	-0.21%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,059	–	-0.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,981	–	-0.23%	–
HYXF	Exit	ISHARES TResg advncd hy bd	$0	–	-38,443	–	-0.24%	–
ESGU	Exit	ISHARES TResg awr msci usa	$0	–	-20,991	–	-0.24%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-17,720	–	-0.25%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-8,315	–	-0.32%	–
LIT	Exit	GLOBAL X FDSlithium btry etf	$0	–	-34,773	–	-0.33%	–
AAPL	Exit	APPLE INC	$0	–	-18,110	–	-0.36%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.47%	–
ESGE	Exit	ISHARES INCesg awr msci em	$0	–	-125,213	–	-0.50%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-159,581	–	-0.50%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-37,906	–	-0.51%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-29,046	–	-0.55%	–
PREF	Exit	PRINCIPAL EXCHANGE TRADED FDspectrum pfd	$0	–	-245,738	–	-0.60%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-71,153	–	-0.60%	–
IEF	Exit	ISHARES TR7-10 yr trsy bd	$0	–	-44,219	–	-0.61%	–
ESGD	Exit	ISHARES TResg aw msci eafe	$0	–	-83,042	–	-0.67%	–
SRVR	Exit	PACER FDS TRbnchmrk infra	$0	–	-166,820	–	-0.69%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-124,188	–	-0.72%	–
EMXC	Exit	ISHARES INCmsci emrg chn	$0	–	-121,992	–	-0.78%	–
BCI	Exit	ABRDN ETFS	$0	–	-209,634	–	-0.79%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-19,820	–	-0.81%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-190,277	–	-1.16%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-138,028	–	-1.20%	–
JEPI	Exit	J P MORGAN EXCHANGE TRADED Fequity premium	$0	–	-166,016	–	-1.23%	–
HYBB	Exit	ISHARES TRbb rat corp bd	$0	–	-234,955	–	-1.46%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-74,365	–	-1.47%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-49,112	–	-1.50%	–
SRLN	Exit	SSGA ACTIVE ETF TRblackstone senr	$0	–	-266,784	–	-1.58%	–
	Exit	WORLD GOLD TRspdr gld minis	$0	–	-341,809	–	-1.62%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-171,017	–	-1.94%	–
BSCO	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-664,470	–	-1.96%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-461,151	–	-2.12%	–
JPST	Exit	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$0	–	-296,858	–	-2.15%	–
EWC	Exit	ISHARES INCmsci cda etf	$0	–	-507,275	–	-2.26%	–
GSY	Exit	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$0	–	-347,284	–	-2.47%	–
SPIB	Exit	SPDR SER TRportfolio intrmd	$0	–	-585,452	–	-2.65%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-87,564	–	-2.79%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-344,862	–	-2.90%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-232,731	–	-2.94%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-489,791	–	-3.00%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-353,681	–	-3.38%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-561,086	–	-3.50%	–
JAAA	Exit	JANUS DETROIT STR TRhendrson aaa cl	$0	–	-531,567	–	-3.76%	–
SPYG	Exit	SPDR SER TRprtflo s&p500 gw	$0	–	-738,335	–	-5.38%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-115,382	–	-5.97%	–
SPYV	Exit	SPDR SER TRprtflo s&p500 vl	$0	–	-1,247,233	–	-6.25%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-580,141	–	-6.56%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-1,273,249	–	-9.71%	–

Q3 2022

			Value		Shares		↓ Weighting
IEFA	Sell	ISHARES TRcore msci eafe	$67,352,000	-11.6%	1,273,249	-0.9%	9.71%	-6.0%
ACWI	Sell	ISHARES TRmsci acwi etf	$45,488,000	-26.0%	580,141	-19.8%	6.56%	-21.4%
SPYV	Buy	SPDR SER TRprtflo s&p500 vl	$43,352,000	-4.2%	1,247,233	+2.6%	6.25%	+1.8%
IVV	Sell	ISHARES TRcore s&p500 etf	$41,382,000	-5.7%	115,382	-0.3%	5.97%	+0.2%
SPYG	Buy	SPDR SER TRprtflo s&p500 gw	$37,329,000	+1.7%	738,335	+7.8%	5.38%	+8.1%
JAAA	Sell	JANUS DETROIT STR TRhendrson aaa cl	$26,097,000	-0.3%	531,567	-0.3%	3.76%	+5.9%
IEMG	Sell	ISHARES INCcore msci emkt	$24,271,000	-16.5%	561,086	-5.3%	3.50%	-11.3%
USMV	Sell	ISHARES TRmsci usa min vol	$23,460,000	-8.1%	353,681	-2.0%	3.38%	-2.3%
SPLG	Buy	SPDR SER TRportfolio s&p500	$20,831,000	+0.4%	489,791	+7.5%	3.00%	+6.7%
IJR	Buy	ISHARES TRcore s&p scp etf	$20,423,000	+26.1%	232,731	+34.6%	2.94%	+34.0%
VGIT	Sell	VANGUARD SCOTTSDALE FDSinter term treas	$20,095,000	-5.9%	344,862	-0.6%	2.90%	0.0%
IJH	Buy	ISHARES TRcore s&p mcp etf	$19,327,000	+33.7%	87,564	+38.5%	2.79%	+42.1%
SPIB	Sell	SPDR SER TRportfolio intrmd	$18,351,000	-5.8%	585,452	-1.3%	2.65%	+0.1%
GSY	Sell	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$17,152,000	-3.3%	347,284	-2.9%	2.47%	+2.8%
EWC	Buy	ISHARES INCmsci cda etf	$15,692,000	+26.7%	507,275	+39.1%	2.26%	+34.6%
JPST	Sell	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$14,884,000	-6.7%	296,858	-6.8%	2.15%	-0.8%
IAU	Sell	ISHARES GOLD TRishares new	$14,683,000	-8.4%	461,151	-2.0%	2.12%	-2.6%
BSCO	Buy	INVESCO EXCH TRD SLF IDX FD	$13,562,000	-1.7%	664,470	+0.1%	1.96%	+4.4%
VT	Sell	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$13,490,000	-31.2%	171,017	-25.6%	1.94%	-26.9%
	Buy	WORLD GOLD TRspdr gld minis	$11,273,000	-6.1%	341,809	+2.2%	1.62%	-0.2%
SRLN	Buy	SSGA ACTIVE ETF TRblackstone senr	$10,931,000	-1.1%	266,784	+1.0%	1.58%	+5.1%
IWF	Sell	ISHARES TRrus 1000 grw etf	$10,419,000	-6.6%	49,112	-1.7%	1.50%	-0.8%
IWD	Sell	ISHARES TRrus 1000 val etf	$10,206,000	-7.3%	74,365	-0.6%	1.47%	-1.5%
HYBB	Buy	ISHARES TRbb rat corp bd	$10,151,000	-2.2%	234,955	+1.4%	1.46%	+3.9%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$8,518,000	-2.8%	166,016	+5.3%	1.23%	+3.3%
CBU	Sell	COMMUNITY BK SYS INC	$8,293,000	-7.9%	138,028	-3.0%	1.20%	-2.0%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$8,058,000	-6.6%	190,277	-1.5%	1.16%	-0.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$5,636,000	-10.9%	19,820	-1.1%	0.81%	-5.2%
BCI	New	ABRDN ETFS	$5,467,000	–	209,634	–	0.79%	–
EMXC	Sell	ISHARES INCmsci emrg chn	$5,437,000	-10.3%	121,992	-3.1%	0.78%	-4.6%
TOTL	Sell	SSGA ACTIVE ETF TRspdr tr tactic	$4,990,000	-29.7%	124,188	-26.0%	0.72%	-25.3%
SRVR	Sell	PACER FDS TRbnchmrk infra	$4,766,000	-19.4%	166,820	-1.5%	0.69%	-14.3%
ESGD	Sell	ISHARES TResg aw msci eafe	$4,661,000	-22.3%	83,042	-13.1%	0.67%	-17.4%
IEF	Sell	ISHARES TR7-10 yr trsy bd	$4,245,000	-6.9%	44,219	-0.8%	0.61%	-1.1%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$4,179,000	-2.7%	71,153	+4.1%	0.60%	+3.3%
PREF	Sell	PRINCIPAL EXCHANGE TRADED FDspectrum pfd	$4,126,000	-3.8%	245,738	-0.5%	0.60%	+2.2%
IVE	Buy	ISHARES TRs&p 500 val etf	$3,800,000	-6.7%	29,046	+0.6%	0.55%	-0.7%
HDV	Sell	ISHARES TRcore high dv etf	$3,511,000	-10.7%	37,906	-2.3%	0.51%	-5.1%
VRP	Buy	INVESCO EXCH TRADED FD TR IIvar rate pfd	$3,506,000	-1.7%	159,581	+0.3%	0.50%	+4.3%
ESGE	Buy	ISHARES INCesg awr msci em	$3,465,000	-13.6%	125,213	+0.9%	0.50%	-8.1%
AAPL	Sell	APPLE INC	$2,503,000	-0.4%	18,110	-1.5%	0.36%	+5.9%
LIT	New	GLOBAL X FDSlithium btry etf	$2,320,000	–	34,773	–	0.33%	–
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$2,220,000	-0.1%	8,315	+2.1%	0.32%	+6.0%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,704,000	-12.2%	17,720	+1897.7%	0.25%	-6.5%
ESGU	Sell	ISHARES TResg awr msci usa	$1,667,000	-12.3%	20,991	-7.3%	0.24%	-7.0%
HYXF	Sell	ISHARES TResg advncd hy bd	$1,632,000	-10.0%	38,443	-6.0%	0.24%	-4.5%
MSFT	Sell	MICROSOFT CORP	$1,626,000	-9.9%	6,981	-0.7%	0.23%	-4.5%
VEA	Buy	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$1,449,000	+22.9%	39,842	+37.9%	0.21%	+30.6%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,450,000	-5.0%	4,059	+0.3%	0.21%	+1.0%
BSCN	Sell	INVESCO EXCH TRD SLF IDX FD	$1,363,000	-0.9%	65,295	-0.4%	0.20%	+4.8%
VIG	Buy	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,278,000	+11.0%	9,458	+17.9%	0.18%	+17.9%
BSCQ	Sell	INVESCO EXCH TRD SLF IDX FD	$1,244,000	-6.0%	66,621	-2.0%	0.18%	-0.6%
MTB	Buy	M & T BK CORP	$1,227,000	+10.6%	6,961	+0.1%	0.18%	+18.0%
BSCP	New	INVESCO EXCH TRD SLF IDX FD	$1,221,000	–	61,104	–	0.18%	–
EFAV	Sell	ISHARES TRmsci eafe min vl	$1,116,000	-11.1%	19,518	-0.8%	0.16%	-5.3%
BSX	Buy	BOSTON SCIENTIFIC CORP	$1,020,000	+4.4%	26,330	+0.5%	0.15%	+10.5%
GOOGL	Buy	ALPHABET INCcap stk cl a	$976,000	-12.4%	10,200	+1896.1%	0.14%	-6.6%
TJX	Sell	TJX COS INC NEW	$924,000	+7.6%	14,878	-3.3%	0.13%	+13.7%
VUSB	Buy	VANGUARD BD INDEX FDSvanguard ultra	$912,000	-0.4%	18,637	+0.1%	0.13%	+5.6%
JNJ	Sell	JOHNSON & JOHNSON	$863,000	-8.9%	5,284	-1.0%	0.12%	-3.1%
VGLT	Buy	VANGUARD SCOTTSDALE FDSlong term treas	$849,000	-8.9%	13,525	+3.5%	0.12%	-3.2%
FAST	Sell	FASTENAL CO	$828,000	-10.2%	17,978	-2.7%	0.12%	-4.8%
SCZ	Buy	ISHARES TReafe sml cp etf	$800,000	-10.1%	16,400	+0.6%	0.12%	-5.0%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$786,000	-77.2%	10,360	-75.8%	0.11%	-75.8%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$780,000	-8.5%	21,367	+4.5%	0.11%	-3.4%
MINT	Sell	PIMCO ETF TRenhan shrt ma ac	$775,000	-11.5%	7,838	-11.3%	0.11%	-5.9%
JMST	Sell	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$725,000	-3.6%	14,405	-3.0%	0.10%	+2.9%
PFF	Sell	ISHARES TRpfd and incm sec	$694,000	-5.8%	21,929	-2.2%	0.10%	0.0%
PBW	New	INVESCO EXCHANGE TRADED FD Twilderhil clan	$677,000	–	14,056	–	0.10%	–
JUST	Buy	GOLDMAN SACHS ETF TRjust us lrg cp	$640,000	-3.2%	12,519	+2.3%	0.09%	+2.2%
SPDW	Sell	SPDR INDEX SHS FDSportfolio devlpd	$593,000	-13.7%	22,972	-3.6%	0.08%	-8.6%
PAYX	Sell	PAYCHEX INC	$531,000	-5.2%	4,735	-3.7%	0.08%	+1.3%
GLD	Sell	SPDR GOLD TR	$482,000	-14.8%	3,117	-7.3%	0.07%	-10.4%
PG	Sell	PROCTER AND GAMBLE CO	$470,000	-12.6%	3,722	-0.6%	0.07%	-6.8%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$436,000	+18.5%	1,630	+24.3%	0.06%	+26.0%
	Sell	WISDOMTREE TRfloatng rat trea	$420,000	-17.3%	8,350	-17.3%	0.06%	-11.6%
CATH	Buy	GLOBAL X FDSs&p 500 catholic	$422,000	-4.7%	9,677	+0.2%	0.06%	+1.7%
AMZN	Buy	AMAZON COM INC	$418,000	+7.5%	3,702	+1.1%	0.06%	+13.2%
JPM	Buy	JPMORGAN CHASE & CO	$409,000	0.0%	3,910	+7.6%	0.06%	+7.3%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$400,000	+4.4%	2,128	+9.6%	0.06%	+11.5%
SPSM	Buy	SPDR SER TRportfolio s&p600	$403,000	+25.2%	11,846	+32.4%	0.06%	+31.8%
VOO	Sell	VANGUARD INDEX FDS	$404,000	-14.4%	1,230	-9.7%	0.06%	-9.4%
SMMU	Sell	PIMCO ETF TRshtrm mun bd act	$398,000	-34.3%	8,147	-33.2%	0.06%	-30.5%
SPMD	Buy	SPDR SER TRportfolio s&p400	$360,000	+45.2%	9,328	+49.0%	0.05%	+52.9%
MLPA	Sell	GLOBAL X FDSglbl x mlp etf	$339,000	+2.1%	8,585	-4.8%	0.05%	+8.9%
EMNT	Sell	PIMCO ETF TRenhancd short	$325,000	-13.8%	3,310	-13.6%	0.05%	-7.8%
ACWX	Sell	ISHARES TRmsci acwi ex us	$321,000	-11.6%	8,020	-0.6%	0.05%	-6.1%
BIL	Buy	SPDR SER TRbloomberg 1-3 mo	$310,000	+33.0%	3,379	+32.9%	0.04%	+40.6%
GRNB	Buy	VANECK ETF TRUSTgreen bond etf	$290,000	-4.6%	12,889	+0.1%	0.04%	+2.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$277,000	-17.8%	2,334	-2.1%	0.04%	-13.0%
SUSB	Sell	ISHARES TResg awre 1 5 yr	$263,000	-6.4%	11,192	-4.1%	0.04%	0.0%
	Buy	JANUS DETROIT STR TRnet zero trans	$249,000	+0.4%	12,328	+5.7%	0.04%	+5.9%
KBWB	Buy	INVESCO EXCH TRADED FD TR IIkbw bk etf	$241,000	-8.0%	4,704	+0.1%	0.04%	-2.8%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$234,000	-0.8%	2,588	+3.2%	0.03%	+6.2%
SCHA	Buy	SCHWAB STRATEGIC TRus sml cap etf	$239,000	-2.8%	6,321	+0.1%	0.03%	+3.0%
HD	Buy	HOME DEPOT INC	$233,000	+0.9%	844	+0.2%	0.03%	+9.7%
V	Buy	VISA INC	$236,000	-5.6%	1,326	+4.4%	0.03%	0.0%
ACWV	Buy	ISHARES INCmsci gbl min vol	$230,000	-0.4%	2,595	+6.1%	0.03%	+6.5%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$222,000	-32.5%	7,325	-30.1%	0.03%	-28.9%
SPEM	Buy	SPDR INDEX SHS FDSportfolio emg mk	$218,000	-6.8%	7,007	+4.0%	0.03%	-3.1%
CRBN	Sell	ISHARES TRmsci lw crb tg	$218,000	-9.9%	1,723	-2.7%	0.03%	-6.1%
SBUX	New	STARBUCKS CORP	$206,000	–	2,446	–	0.03%	–
CI	New	CIGNA CORP NEW	$208,000	–	750	–	0.03%	–
XOM	New	EXXON MOBIL CORP	$202,000	–	2,314	–	0.03%	–
NAN	New	NUVEEN NEW YORK QLT MUN INC	$105,000	–	10,000	–	0.02%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-2,676	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,320	–	-0.04%	–
STOT	Exit	SSGA ACTIVE TRspdr dbleln shrt	$0	–	-6,000	–	-0.04%	–
RPV	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 pur val	$0	–	-4,341	–	-0.04%	–
LDUR	Exit	PIMCO ETF TRenhncd lw dur ac	$0	–	-12,000	–	-0.16%	–

Q2 2022

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$76,165,000	–	1,284,554	–	10.33%	–
ACWI	New	ISHARES TRmsci acwi etf	$61,508,000	–	723,282	–	8.34%	–
SPYV	New	SPDR SER TRprtflo s&p500 vl	$45,245,000	–	1,215,050	–	6.14%	–
IVV	New	ISHARES TRcore s&p500 etf	$43,885,000	–	115,747	–	5.95%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$36,693,000	–	684,850	–	4.98%	–
IEMG	New	ISHARES INCcore msci emkt	$29,068,000	–	592,501	–	3.94%	–
JAAA	New	JANUS DETROIT STR TRhendrson aaa cl	$26,177,000	–	533,277	–	3.55%	–
USMV	New	ISHARES TRmsci usa min vol	$25,522,000	–	361,027	–	3.46%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$21,350,000	–	346,929	–	2.90%	–
SPLG	New	SPDR SER TRportfolio s&p500	$20,747,000	–	455,449	–	2.82%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$19,605,000	–	229,728	–	2.66%	–
SPIB	New	SPDR SER TRportfolio intrmd	$19,488,000	–	593,038	–	2.64%	–
GSY	New	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$17,729,000	–	357,715	–	2.40%	–
IJR	New	ISHARES TRcore s&p scp etf	$16,194,000	–	172,904	–	2.20%	–
IAU	New	ISHARES GOLD TRishares new	$16,022,000	–	470,545	–	2.17%	–
JPST	New	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$15,949,000	–	318,376	–	2.16%	–
IJH	New	ISHARES TRcore s&p mcp etf	$14,453,000	–	63,201	–	1.96%	–
BSCO	New	INVESCO EXCH TRD SLF IDX FD	$13,797,000	–	663,743	–	1.87%	–
EWC	New	ISHARES INCmsci cda etf	$12,383,000	–	364,697	–	1.68%	–
	New	WORLD GOLD TRspdr gld minis	$12,003,000	–	334,525	–	1.63%	–
IWF	New	ISHARES TRrus 1000 grw etf	$11,157,000	–	49,942	–	1.51%	–
SRLN	New	SSGA ACTIVE ETF TRblackstone senr	$11,053,000	–	264,272	–	1.50%	–
IWD	New	ISHARES TRrus 1000 val etf	$11,005,000	–	74,816	–	1.49%	–
HYBB	New	ISHARES TRbb rat corp bd	$10,378,000	–	231,617	–	1.41%	–
CBU	New	COMMUNITY BK SYS INC	$9,001,000	–	142,242	–	1.22%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$8,764,000	–	157,591	–	1.19%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$8,629,000	–	193,221	–	1.17%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$7,099,000	–	167,881	–	0.96%	–
MA	New	MASTERCARD INCORPORATEDcl a	$6,325,000	–	20,049	–	0.86%	–
EMXC	New	ISHARES INCmsci emrg chn	$6,062,000	–	125,900	–	0.82%	–
ESGD	New	ISHARES TResg aw msci eafe	$6,000,000	–	95,597	–	0.81%	–
SRVR	New	PACER FDS TRbnchmrk infra	$5,912,000	–	169,435	–	0.80%	–
IEF	New	ISHARES TR7-10 yr trsy bd	$4,561,000	–	44,580	–	0.62%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$4,296,000	–	68,328	–	0.58%	–
PREF	New	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$4,288,000	–	246,944	–	0.58%	–
IVE	New	ISHARES TRs&p 500 val etf	$4,071,000	–	28,886	–	0.55%	–
ESGE	New	ISHARES INCesg awr msci em	$4,009,000	–	124,073	–	0.54%	–
HDV	New	ISHARES TRcore high dv etf	$3,930,000	–	38,786	–	0.53%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$3,568,000	–	159,163	–	0.48%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$3,441,000	–	42,788	–	0.47%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$3,272,000	–	8	–	0.44%	–
AAPL	New	APPLE INC	$2,514,000	–	18,384	–	0.34%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,223,000	–	8,144	–	0.30%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,940,000	–	887	–	0.26%	–
ESGU	New	ISHARES TResg awr msci usa	$1,900,000	–	22,649	–	0.26%	–
HYXF	New	ISHARES TResg advncd hy bd	$1,813,000	–	40,892	–	0.25%	–
MSFT	New	MICROSOFT CORP	$1,805,000	–	7,029	–	0.24%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,527,000	–	4,047	–	0.21%	–
BSCN	New	INVESCO EXCH TRD SLF IDX FD	$1,375,000	–	65,586	–	0.19%	–
BSCQ	New	INVESCO EXCH TRD SLF IDX FD	$1,324,000	–	68,009	–	0.18%	–
EFAV	New	ISHARES TRmsci eafe min vl	$1,255,000	–	19,667	–	0.17%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$1,179,000	–	28,901	–	0.16%	–
LDUR	New	PIMCO ETF TRenhncd lw dur ac	$1,152,000	–	12,000	–	0.16%	–
VIG	New	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,151,000	–	8,020	–	0.16%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,114,000	–	511	–	0.15%	–
MTB	New	M & T BK CORP	$1,109,000	–	6,956	–	0.15%	–
GSST	New	GOLDMAN SACHS ETF TRaces ultra shr	$1,038,000	–	20,825	–	0.14%	–
BSX	New	BOSTON SCIENTIFIC CORP	$977,000	–	26,201	–	0.13%	–
JNJ	New	JOHNSON & JOHNSON	$947,000	–	5,335	–	0.13%	–
VGLT	New	VANGUARD SCOTTSDALE FDSlong term treas	$932,000	–	13,065	–	0.13%	–
FAST	New	FASTENAL CO	$922,000	–	18,478	–	0.12%	–
VUSB	New	VANGUARD BD INDEX FDSvanguard ultra	$916,000	–	18,610	–	0.12%	–
SCZ	New	ISHARES TReafe sml cp etf	$890,000	–	16,306	–	0.12%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$876,000	–	8,837	–	0.12%	–
TJX	New	TJX COS INC NEW	$859,000	–	15,378	–	0.12%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$852,000	–	20,448	–	0.12%	–
OCUL	New	OCULAR THERAPEUTIX INC	$781,000	–	194,266	–	0.11%	–
JMST	New	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$752,000	–	14,855	–	0.10%	–
PFF	New	ISHARES TRpfd and incm sec	$737,000	–	22,429	–	0.10%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$687,000	–	23,832	–	0.09%	–
AGG	New	ISHARES TRcore us aggbd et	$669,000	–	6,582	–	0.09%	–
JUST	New	GOLDMAN SACHS ETF TRjust us lrg cp	$661,000	–	12,243	–	0.09%	–
VSGX	New	VANGUARD WORLD FDesg intl stk etf	$611,000	–	12,450	–	0.08%	–
SMMU	New	PIMCO ETF TRshtrm mun bd act	$606,000	–	12,204	–	0.08%	–
SPSB	New	SPDR SER TRportfolio short	$565,000	–	19,000	–	0.08%	–
GLD	New	SPDR GOLD TR	$566,000	–	3,362	–	0.08%	–
PAYX	New	PAYCHEX INC	$560,000	–	4,919	–	0.08%	–
COST	New	COSTCO WHSL CORP NEW	$555,000	–	1,158	–	0.08%	–
DHR	New	DANAHER CORPORATION	$554,000	–	2,184	–	0.08%	–
ESGV	New	VANGUARD WORLD FDesg us stk etf	$548,000	–	8,250	–	0.07%	–
PG	New	PROCTER AND GAMBLE CO	$538,000	–	3,744	–	0.07%	–
IGIB	New	ISHARES TR	$511,000	–	10,000	–	0.07%	–
	New	WISDOMTREE TRfloatng rat trea	$508,000	–	10,100	–	0.07%	–
INDS	New	PACER FDS TRbnchmrk indstr	$485,000	–	11,879	–	0.07%	–
VOO	New	VANGUARD INDEX FDS	$472,000	–	1,362	–	0.06%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$471,000	–	6,710	–	0.06%	–
CATH	New	GLOBAL X FDSs&p 500 catholic	$443,000	–	9,657	–	0.06%	–
FIF	New	FIRST TR ENERGY INFRASTRCTR	$418,000	–	29,170	–	0.06%	–
DIA	New	SPDR DOW JONES INDL AVERAGEut ser 1	$419,000	–	1,361	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$409,000	–	3,633	–	0.06%	–
AMZN	New	AMAZON COM INC	$389,000	–	3,662	–	0.05%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$383,000	–	1,942	–	0.05%	–
EMNT	New	PIMCO ETF TRenhancd short	$377,000	–	3,830	–	0.05%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$368,000	–	1,311	–	0.05%	–
ACWX	New	ISHARES TRmsci acwi ex us	$363,000	–	8,065	–	0.05%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$350,000	–	1,925	–	0.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$337,000	–	2,384	–	0.05%	–
VONV	New	VANGUARD SCOTTSDALE FDSvng rus1000val	$330,000	–	5,200	–	0.04%	–
RAND	New	RAND CAP CORP	$330,000	–	22,579	–	0.04%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$332,000	–	9,014	–	0.04%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$329,000	–	10,475	–	0.04%	–
SPSM	New	SPDR SER TRportfolio s&p600	$322,000	–	8,946	–	0.04%	–
RPV	New	INVESCO EXCHANGE TRADED FD Ts&p500 pur val	$326,000	–	4,341	–	0.04%	–
GRNB	New	VANECK ETF TRUSTgreen bond etf	$304,000	–	12,879	–	0.04%	–
IYY	New	ISHARES TRdow jones us etf	$298,000	–	3,225	–	0.04%	–
STOT	New	SSGA ACTIVE TRspdr dbleln shrt	$280,000	–	6,000	–	0.04%	–
SUSB	New	ISHARES TResg awre 1 5 yr	$281,000	–	11,672	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$270,000	–	5,320	–	0.04%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$268,000	–	1,750	–	0.04%	–
KBWB	New	INVESCO EXCH TRADED FD TR IIkbw bk etf	$262,000	–	4,699	–	0.04%	–
AXP	New	AMERICAN EXPRESS CO	$255,000	–	1,842	–	0.04%	–
V	New	VISA INC	$250,000	–	1,270	–	0.03%	–
SPMD	New	SPDR SER TRportfolio s&p400	$248,000	–	6,259	–	0.03%	–
	New	JANUS DETROIT STR TRnet zero trans	$248,000	–	11,660	–	0.03%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$246,000	–	6,314	–	0.03%	–
CRBN	New	ISHARES TRmsci lw crb tg	$242,000	–	1,771	–	0.03%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$244,000	–	2,676	–	0.03%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$234,000	–	6,737	–	0.03%	–
BIL	New	SPDR SER TRbloomberg 1-3 mo	$233,000	–	2,543	–	0.03%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$236,000	–	2,507	–	0.03%	–
AMGN	New	AMGEN INC	$228,000	–	920	–	0.03%	–
HD	New	HOME DEPOT INC	$231,000	–	842	–	0.03%	–
ACWV	New	ISHARES INCmsci gbl min vol	$231,000	–	2,445	–	0.03%	–
RVNC	New	REVANCE THERAPEUTICS INC	$184,000	–	13,312	–	0.02%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$134,000	–	10,750	–	0.02%	–
FPL	New	FST TR NEW OPPORT MLP & ENE	$121,000	–	21,000	–	0.02%	–
RWT	New	REDWOOD TR INC	$102,000	–	13,237	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
FPL	Exit	FST TR NEW OPPORT MLP & ENE	$0	–	-21,000	–	-0.01%	–
RWT	Exit	REDWOOD TR INC	$0	–	-13,237	–	-0.02%	–
NAD	Exit	NUVEEN QUALITY MUNCP INCOME	$0	–	-10,750	–	-0.02%	–
PFN	Exit	PIMCO INCOME STRATEGY FD II	$0	–	-17,383	–	-0.02%	–
BSCM	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-9,550	–	-0.02%	–
BSCL	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-9,715	–	-0.02%	–
BSCN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-9,295	–	-0.02%	–
SPMD	Exit	SPDR SER TRportfolio s&p400	$0	–	-4,591	–	-0.02%	–
IYH	Exit	ISHARES TRus hlthcare etf	$0	–	-775	–	-0.02%	–
INTC	Exit	INTEL CORP	$0	–	-3,980	–	-0.02%	–
T	Exit	AT&T INC	$0	–	-8,159	–	-0.02%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-2,251	–	-0.02%	–
RAFE	Exit	PIMCO EQUITY SERrafi esg us	$0	–	-7,450	–	-0.02%	–
QUAL	Exit	ISHARES TRmsci usa qlt fct	$0	–	-1,739	–	-0.02%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-3,129	–	-0.02%	–
ACWV	Exit	ISHARES INCmsci gbl min vol	$0	–	-2,350	–	-0.02%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-9,875	–	-0.02%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,200	–	-0.02%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-2,483	–	-0.02%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,385	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-831	–	-0.03%	–
BX	Exit	BLACKSTONE INC	$0	–	-2,359	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,161	–	-0.03%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-2,507	–	-0.03%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-2,355	–	-0.03%	–
SPDW	Exit	SPDR INDEX SHS FDSportfolio devlpd	$0	–	-8,086	–	-0.03%	–
V	Exit	VISA INC	$0	–	-1,356	–	-0.03%	–
SUSB	Exit	ISHARES TResg awre 1 5 yr	$0	–	-11,455	–	-0.03%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,842	–	-0.03%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-1,750	–	-0.03%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-3,186	–	-0.03%	–
FIF	Exit	FIRST TR ENERGY INFRASTRCTR	$0	–	-25,670	–	-0.03%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,404	–	-0.03%	–
PDT	Exit	HANCOCK JOHN PREM DIVID FD	$0	–	-21,714	–	-0.04%	–
VONV	Exit	VANGUARD SCOTTSDALE FDSvng rus1000val	$0	–	-5,200	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-3,415	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-13,312	–	-0.04%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-1,713	–	-0.04%	–
GRNB	Exit	VANECK ETF TRUSTgreen bond etf	$0	–	-15,076	–	-0.04%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-11,679	–	-0.04%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-11,814	–	-0.04%	–
CRBN	Exit	ISHARES TRmsci lw crb tg	$0	–	-2,648	–	-0.04%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,126	–	-0.04%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-11,795	–	-0.04%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-8,080	–	-0.04%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,822	–	-0.05%	–
DIA	Exit	SPDR DOW JONES INDL AVERAGEut ser 1	$0	–	-1,361	–	-0.05%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-1,401	–	-0.05%	–
PAYX	Exit	PAYCHEX INC	$0	–	-4,535	–	-0.05%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,158	–	-0.05%	–
INDS	Exit	PACER FDS TRbnchmrk indstr	$0	–	-12,693	–	-0.06%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,994	–	-0.06%	–
JUST	Exit	GOLDMAN SACHS ETF TRjust us lrg cp	$0	–	-9,413	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,708	–	-0.06%	–
IGIB	Exit	ISHARES TR	$0	–	-10,000	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-193	–	-0.06%	–
KBWB	Exit	INVESCO EXCH TRADED FD TR IIkbw bk etf	$0	–	-9,320	–	-0.06%	–
ESGV	Exit	VANGUARD WORLD FDesg us stk etf	$0	–	-8,250	–	-0.07%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-2,184	–	-0.07%	–
SPTI	Exit	SPDR SER TRportfli intrmdit	$0	–	-20,660	–	-0.07%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-2,887	–	-0.07%	–
EMNT	Exit	PIMCO ETF TRenhancd short	$0	–	-6,885	–	-0.07%	–
VSGX	Exit	VANGUARD WORLD FDesg intl stk etf	$0	–	-12,450	–	-0.08%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-26,050	–	-0.08%	–
EEMV	Exit	ISHARES INCmsci emerg mrkt	$0	–	-12,960	–	-0.08%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-7,234	–	-0.08%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-22,329	–	-0.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,396	–	-0.09%	–
FAST	Exit	FASTENAL CO	$0	–	-18,778	–	-0.10%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-19,401	–	-0.10%	–
MTB	Exit	M & T BK CORP	$0	–	-6,555	–	-0.10%	–
TJX	Exit	TJX COS INC NEW	$0	–	-15,628	–	-0.10%	–
GSST	Exit	GOLDMAN SACHS ETF TRaces ultra shr	$0	–	-21,500	–	-0.11%	–
VIG	Exit	VANGUARD SPECIALIZED FUNDSdiv app etf	$0	–	-7,661	–	-0.12%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-23,232	–	-0.12%	–
SMMU	Exit	PIMCO ETF TRshtrm mun bd act	$0	–	-23,677	–	-0.12%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-29,206	–	-0.13%	–
JMST	Exit	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$0	–	-25,005	–	-0.13%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-521	–	-0.14%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-21,998	–	-0.16%	–
ESGU	Exit	ISHARES TResg awr msci usa	$0	–	-16,900	–	-0.17%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,081	–	-0.17%	–
JAAA	Exit	JANUS DETROIT STR TRhendrson aaa cl	$0	–	-36,025	–	-0.18%	–
VUSB	Exit	VANGUARD BD INDEX FDSvanguard ultra	$0	–	-36,327	–	-0.18%	–
EFAV	Exit	ISHARES TRmsci eafe min vl	$0	–	-25,340	–	-0.19%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-194,266	–	-0.19%	–
SPIB	Exit	SPDR SER TRportfolio intrmd	$0	–	-59,569	–	-0.22%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-33,805	–	-0.22%	–
VGLT	Exit	VANGUARD SCOTTSDALE FDSlong term treas	$0	–	-24,917	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-8,120	–	-0.22%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,105	–	-0.23%	–
LDUR	Exit	PIMCO ETF TRenhncd lw dur ac	$0	–	-22,850	–	-0.23%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-907	–	-0.24%	–
AAPL	Exit	APPLE INC	$0	–	-17,737	–	-0.25%	–
USHY	Exit	ISHARES TRbroad usd high	$0	–	-65,340	–	-0.27%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-20,000	–	-0.30%	–
HYXF	Exit	ISHARES TResg advncd hy bd	$0	–	-60,371	–	-0.31%	–
STOT	Exit	SSGA ACTIVE TRspdr dbleln shrt	$0	–	-65,955	–	-0.32%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.33%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-43,813	–	-0.42%	–
ESGE	Exit	ISHARES INCesg awr msci em	$0	–	-101,756	–	-0.42%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-42,691	–	-0.43%	–
KRBN	Exit	KRANESHARES TRglobal carbon	$0	–	-116,827	–	-0.47%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-192,974	–	-0.50%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-189,285	–	-0.58%	–
PREF	Exit	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$0	–	-284,730	–	-0.59%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-45,783	–	-0.68%	–
ESGD	Exit	ISHARES TResg aw msci eafe	$0	–	-88,511	–	-0.69%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-20,143	–	-0.70%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-95,250	–	-0.71%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-61,042	–	-0.78%	–
PKB	Exit	INVESCO EXCHANGE TRADED FD Tdynmc bldg con	$0	–	-170,027	–	-0.81%	–
XHB	Exit	SPDR SER TRs&p homebuild	$0	–	-120,658	–	-0.87%	–
JEPI	Exit	J P MORGAN EXCHANGE-TRADED Fequity premium	$0	–	-152,111	–	-0.91%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-143,324	–	-0.98%	–
GLDM	Exit	WORLD GOLD TRspdr gld minis	$0	–	-577,646	–	-1.00%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-214,312	–	-1.03%	–
SRVR	Exit	PACER FDS TRbnchmrk infra	$0	–	-267,684	–	-1.04%	–
IPAY	Exit	ETF MANAGERS TRprime mobile pay	$0	–	-157,557	–	-1.07%	–
RPV	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 pur val	$0	–	-150,089	–	-1.14%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-200,050	–	-1.34%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-138,992	–	-1.52%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-99,521	–	-1.57%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-61,996	–	-1.71%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-65,514	–	-1.73%	–
HYBB	Exit	ISHARES TRbb rat corp bd	$0	–	-407,706	–	-2.12%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-663,784	–	-2.21%	–
SRLN	Exit	SSGA ACTIVE ETF TRblackstone senr	$0	–	-518,382	–	-2.37%	–
IEF	Exit	ISHARES TRbarclays 7 10 yr	$0	–	-216,725	–	-2.48%	–
GSY	Exit	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$0	–	-563,593	–	-2.83%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-575,284	–	-2.92%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-423,617	–	-3.12%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-356,776	–	-3.34%	–
JPST	Exit	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$0	–	-841,038	–	-4.24%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-740,579	–	-4.59%	–
SPYG	Exit	SPDR SER TRprtflo s&p500 gw	$0	–	-777,555	–	-5.02%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-125,772	–	-5.39%	–
SPYV	Exit	SPDR SER TRprtflo s&p500 vl	$0	–	-1,406,778	–	-5.53%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-1,436,582	–	-10.68%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-1,078,320	–	-10.83%	–

Q3 2021

			Value		Shares		↓ Weighting
ACWI	Buy	ISHARES TRmsci acwi etf	$108,842,000	+103.3%	1,078,320	+104.0%	10.83%	+81.3%
IEFA	Buy	ISHARES TRcore msci eafe	$107,312,000	+15.5%	1,436,582	+15.7%	10.68%	+3.0%
SPYV	Buy	SPDR SER TRprtflo s&p500 vl	$55,614,000	+21.2%	1,406,778	+21.2%	5.53%	+8.0%
IVV	Sell	ISHARES TRcore s&p500 etf	$54,185,000	+0.0%	125,772	-0.2%	5.39%	-10.8%
SPYG	Buy	SPDR SER TRprtflo s&p500 gw	$50,465,000	+14.9%	777,555	+12.0%	5.02%	+2.4%
IEMG	Buy	ISHARES INCcore msci emkt	$46,140,000	+4.8%	740,579	+12.3%	4.59%	-6.5%
JPST	Buy	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$42,640,000	+133.8%	841,038	+134.0%	4.24%	+108.5%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$33,632,000	+20.1%	356,776	+21.2%	3.34%	+7.0%
USMV	Buy	ISHARES TRmsci usa min vol	$31,366,000	+14.3%	423,617	+13.9%	3.12%	+1.9%
SPLG	Buy	SPDR SER TRportfolio s&p500	$29,402,000	+6507.2%	575,284	+6411.4%	2.92%	+5750.0%
GSY	Buy	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$28,438,000	+24.7%	563,593	+24.8%	2.83%	+11.2%
IEF	Buy	ISHARES TRbarclays 7 10 yr	$24,906,000	+26.7%	216,725	+27.6%	2.48%	+12.9%
SRLN	Buy	SSGA ACTIVE ETF TRblackstone senr	$23,824,000	+24.8%	518,382	+25.6%	2.37%	+11.2%
IAU	Buy	ISHARES GOLD TRishares new	$22,252,000	+329.3%	663,784	+338.3%	2.21%	+282.9%
HYBB	Buy	ISHARES TRbb rat corp bd	$21,307,000	+27.6%	407,706	+27.9%	2.12%	+13.7%
IJH	Sell	ISHARES TRcore s&p mcp etf	$17,379,000	-22.9%	65,514	-21.9%	1.73%	-31.2%
IWF	Sell	ISHARES TRrus 1000 grw etf	$17,203,000	+0.9%	61,996	-1.0%	1.71%	-10.0%
IWD	Buy	ISHARES TRrus 1000 val etf	$15,801,000	+6.5%	99,521	+6.4%	1.57%	-5.1%
IJR	Buy	ISHARES TRcore s&p scp etf	$15,264,000	+4.3%	138,992	+7.1%	1.52%	-7.0%
VGIT	Buy	VANGUARD SCOTTSDALE FDSinter term treas	$13,476,000	+24.2%	200,050	+25.2%	1.34%	+10.8%
RPV	Sell	INVESCO EXCHANGE TRADED FD Ts&p500 pur val	$11,512,000	-34.0%	150,089	-33.8%	1.14%	-41.2%
IPAY	Sell	ETF MANAGERS TRprime mobile pay	$10,768,000	-39.5%	157,557	-37.4%	1.07%	-46.0%
SRVR	Sell	PACER FDS TRbnchmrk infra	$10,442,000	-36.6%	267,684	-34.3%	1.04%	-43.4%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$10,335,000	+16.6%	214,312	+17.1%	1.03%	+3.9%
GLDM	Buy	WORLD GOLD TRspdr gld minis	$10,086,000	+2.3%	577,646	+3.2%	1.00%	-8.8%
CBU	Sell	COMMUNITY BK SYS INC	$9,806,000	-13.6%	143,324	-4.5%	0.98%	-23.0%
JEPI	Buy	J P MORGAN EXCHANGE-TRADED Fequity premium	$9,103,000	+8.3%	152,111	+9.6%	0.91%	-3.4%
XHB	Sell	SPDR SER TRs&p homebuild	$8,775,000	-46.2%	120,658	-45.8%	0.87%	-52.0%
PKB	Buy	INVESCO EXCHANGE TRADED FD Tdynmc bldg con	$8,153,000	+20.2%	170,027	+23.7%	0.81%	+7.1%
TIP	Sell	ISHARES TRtips bd etf	$7,794,000	-9.4%	61,042	-9.1%	0.78%	-19.3%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$7,173,000	+22.9%	95,250	+19.6%	0.71%	+9.7%
ESGD	Sell	ISHARES TResg aw msci eafe	$6,938,000	-25.1%	88,511	-24.5%	0.69%	-33.2%
IVE	Buy	ISHARES TRs&p 500 val etf	$6,803,000	+35.7%	45,783	+34.8%	0.68%	+21.1%
PREF	Buy	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$5,896,000	+10.6%	284,730	+10.6%	0.59%	-1.5%
GDX	Buy	VANECK ETF TRUSTgold miners etf	$5,789,000	+1.3%	189,285	+12.9%	0.58%	-9.7%
VRP	Buy	INVESCO EXCH TRADED FD TR IIvar rate pfd	$5,058,000	+17.3%	192,974	+17.8%	0.50%	+4.6%
KRBN	Buy	KRANESHARES TRglobal carbon	$4,763,000	+2201.0%	116,827	+1984.3%	0.47%	+1960.9%
MINT	Buy	PIMCO ETF TRenhan shrt ma ac	$4,351,000	+54.1%	42,691	+54.2%	0.43%	+37.5%
ESGE	Sell	ISHARES INCesg awr msci em	$4,217,000	-20.0%	101,756	-12.9%	0.42%	-28.7%
HDV	Buy	ISHARES TRcore high dv etf	$4,186,000	+28.7%	43,813	+30.1%	0.42%	+14.6%
STOT	Buy	SSGA ACTIVE TRspdr dbleln shrt	$3,263,000	+41.3%	65,955	+42.1%	0.32%	+26.0%
HYXF	Buy	ISHARES TResg advncd hy bd	$3,153,000	+8.3%	60,371	+9.0%	0.31%	-3.4%
RSP	Sell	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$2,996,000	-50.3%	20,000	-50.0%	0.30%	-55.7%
USHY	Sell	ISHARES TRbroad usd high	$2,712,000	-85.4%	65,340	-85.3%	0.27%	-87.0%
MSFT	Sell	MICROSOFT CORP	$2,285,000	-16.5%	8,105	-19.8%	0.23%	-25.6%
VGLT	Buy	VANGUARD SCOTTSDALE FDSlong term treas	$2,190,000	+34.1%	24,917	+34.9%	0.22%	+19.8%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$2,192,000	+34.1%	33,805	+31.5%	0.22%	+19.8%
SPIB	Buy	SPDR SER TRportfolio intrmd	$2,172,000	+42.2%	59,569	+43.2%	0.22%	+27.1%
EFAV	Buy	ISHARES TRmsci eafe min vl	$1,915,000	+43.9%	25,340	+43.9%	0.19%	+27.5%
VUSB	New	VANGUARD BD INDEX FDSvanguard ultra	$1,821,000	–	36,327	–	0.18%	–
JAAA	New	JANUS DETROIT STR TRhendrson aaa cl	$1,820,000	–	36,025	–	0.18%	–
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,751,000	+0.7%	4,081	+0.5%	0.17%	-10.3%
ESGU	Sell	ISHARES TResg awr msci usa	$1,664,000	-34.0%	16,900	-34.0%	0.17%	-40.9%
SCZ	Sell	ISHARES TReafe sml cp etf	$1,645,000	-6.4%	21,998	-7.1%	0.16%	-16.3%
JMST	Buy	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$1,277,000	+128.4%	25,005	+128.3%	0.13%	+104.8%
BSX	Sell	BOSTON SCIENTIFIC CORP	$1,267,000	-1.9%	29,206	-3.3%	0.13%	-12.5%
SMMU	Buy	PIMCO ETF TRshtrm mun bd act	$1,215,000	+10.6%	23,677	+10.9%	0.12%	-1.6%
VIG	Buy	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,177,000	-0.7%	7,661	+0.0%	0.12%	-11.4%
VEA	Sell	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$1,173,000	-3.8%	23,232	-1.8%	0.12%	-14.0%
GSST	Buy	GOLDMAN SACHS ETF TRaces ultra shr	$1,089,000	+411.3%	21,500	+411.9%	0.11%	+350.0%
MTB	Sell	M & T BK CORP	$979,000	+1.7%	6,555	-1.1%	0.10%	-9.3%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$970,000	-4.3%	19,401	+3.9%	0.10%	-15.0%
JNJ	Sell	JOHNSON & JOHNSON	$872,000	-10.2%	5,396	-8.5%	0.09%	-19.4%
EEMV	Buy	ISHARES INCmsci emerg mrkt	$812,000	+176.2%	12,960	+183.0%	0.08%	+145.5%
EMNT	Buy	PIMCO ETF TRenhancd short	$693,000	+26.7%	6,885	+26.7%	0.07%	+13.1%
SPTI	Sell	SPDR SER TRportfli intrmdit	$668,000	-1.3%	20,660	-1.1%	0.07%	-13.2%
ESGV	Sell	VANGUARD WORLD FDesg us stk etf	$660,000	-10.3%	8,250	-10.3%	0.07%	-19.5%
KBWB	Buy	INVESCO EXCH TRADED FD TR IIkbw bk etf	$658,000	+117.9%	9,320	+94.8%	0.06%	+91.2%
JUST	Sell	GOLDMAN SACHS ETF TRjust us lrg cp	$588,000	-39.0%	9,413	-39.0%	0.06%	-46.3%
INDS	Sell	PACER FDS TRbnchmrk indstr	$557,000	-93.8%	12,693	-93.8%	0.06%	-94.5%
PAYX	New	PAYCHEX INC	$510,000	–	4,535	–	0.05%	–
GLD	Sell	SPDR GOLD TR	$463,000	-1.3%	2,822	-0.4%	0.05%	-11.5%
ACWX	Buy	ISHARES TRmsci acwi ex us	$448,000	+4.2%	8,080	+8.0%	0.04%	-6.2%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$443,000	-3.9%	11,795	-6.2%	0.04%	-13.7%
CRBN	Sell	ISHARES TRmsci lw crb tg	$435,000	-35.6%	2,648	-34.9%	0.04%	-42.7%
BOTZ	Sell	GLOBAL X FDSrbtcs artfl inte	$432,000	-96.8%	11,814	-96.9%	0.04%	-97.1%
GRNB	Sell	VANECK ETF TRUSTgreen bond etf	$410,000	-48.8%	15,076	-48.2%	0.04%	-53.9%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$406,000	-16.5%	1,713	-16.4%	0.04%	-25.9%
IYY	Sell	ISHARES TRdow jones us etf	$368,000	-2.6%	3,415	-2.4%	0.04%	-11.9%
PDT	Buy	HANCOCK JOHN PREM DIVID FD	$361,000	+12.8%	21,714	+15.1%	0.04%	0.0%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$334,000	-6.7%	2,404	-1.6%	0.03%	-17.5%
SCHA	Buy	SCHWAB STRATEGIC TRus sml cap etf	$319,000	-2.7%	3,186	+1.1%	0.03%	-13.5%
SUSB	Sell	ISHARES TResg awre 1 5 yr	$298,000	-50.1%	11,455	-50.0%	0.03%	-55.2%
SPDW	Sell	SPDR INDEX SHS FDSportfolio devlpd	$293,000	-1.7%	8,086	-0.0%	0.03%	-12.1%
BX	Buy	BLACKSTONE INC	$274,000	+19.7%	2,359	+0.1%	0.03%	+3.8%
NVDA	Buy	NVIDIA CORPORATION	$249,000	-1.2%	1,200	+281.0%	0.02%	-10.7%
EFA	Buy	ISHARES TRmsci eafe etf	$244,000	0.0%	3,129	+1.0%	0.02%	-11.1%
RAFE	New	PIMCO EQUITY SERrafi esg us	$227,000	–	7,450	–	0.02%	–
T	Buy	AT&T INC	$220,000	-6.0%	8,159	+0.2%	0.02%	-15.4%
ITOT	Sell	ISHARES TRcore s&p ttl stk	$221,000	-2.2%	2,251	-1.5%	0.02%	-12.0%
SPMD	Sell	SPDR SER TRportfolio s&p400	$212,000	-36.5%	4,591	-35.2%	0.02%	-43.2%
INTC	Sell	INTEL CORP	$212,000	-11.7%	3,980	-7.0%	0.02%	-22.2%
BSCM	Sell	INVESCO EXCH TRD SLF IDX FD	$206,000	-1.0%	9,550	-0.7%	0.02%	-13.0%
BSCL	Sell	INVESCO EXCH TRD SLF IDX FD	$205,000	-20.5%	9,715	-20.5%	0.02%	-31.0%
BSCN	Sell	INVESCO EXCH TRD SLF IDX FD	$201,000	-86.2%	9,295	-86.1%	0.02%	-87.7%
PFN	Buy	PIMCO INCOME STRATEGY FD II	$176,000	+37.5%	17,383	+49.6%	0.02%	+28.6%
SLV	Exit	ISHARES SILVER TRishares	$0	–	-8,746	–	-0.02%	–
AMGN	Exit	AMGEN INC	$0	–	-920	–	-0.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,376	–	-0.03%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,395	–	-0.03%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-6,891	–	-0.03%	–
SPSM	Exit	SPDR SER TRportfolio s&p600	$0	–	-6,597	–	-0.03%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-22,220	–	-0.03%	–
CHW	Exit	CALAMOS GBL DYN INCOME FUND	$0	–	-34,389	–	-0.04%	–
KBA	Exit	KRANESHARES TRbosera msci ch	$0	–	-60,190	–	-0.32%	–
IEUR	Exit	ISHARES TRcore msci euro	$0	–	-149,957	–	-0.96%	–
KWEB	Exit	KRANESHARES TRcsi chi internet	$0	–	-187,833	–	-1.44%	–

Q2 2021

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$92,935,000	–	1,241,373	–	10.37%	–
IVV	New	ISHARES TRcore s&p500 etf	$54,160,000	–	125,978	–	6.04%	–
ACWI	New	ISHARES TRmsci acwi etf	$53,530,000	–	528,616	–	5.97%	–
SPYV	New	SPDR SER TRprtflo s&p500 vl	$45,902,000	–	1,161,159	–	5.12%	–
IEMG	New	ISHARES INCcore msci emkt	$44,013,000	–	659,238	–	4.91%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$43,939,000	–	694,398	–	4.90%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$28,009,000	–	294,389	–	3.12%	–
USMV	New	ISHARES TRmsci usa min vol	$27,434,000	–	372,031	–	3.06%	–
GSY	New	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$22,801,000	–	451,686	–	2.54%	–
IJH	New	ISHARES TRcore s&p mcp etf	$22,530,000	–	83,903	–	2.51%	–
IEF	New	ISHARES TRbarclays 7 10 yr	$19,663,000	–	169,859	–	2.19%	–
SRLN	New	SSGA ACTIVE ETF TRblackstone senr	$19,095,000	–	412,769	–	2.13%	–
USHY	New	ISHARES TRbroad usd high	$18,591,000	–	445,698	–	2.07%	–
JPST	New	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$18,239,000	–	359,491	–	2.04%	–
IPAY	New	ETF MANAGERS TRprime mobile pay	$17,785,000	–	251,877	–	1.98%	–
RPV	New	INVESCO EXCHANGE TRADED FD Ts&p500 pur val	$17,449,000	–	226,768	–	1.95%	–
IWF	New	ISHARES TRrus 1000 grw etf	$17,049,000	–	62,594	–	1.90%	–
HYBB	New	ISHARES TRbb rat corp bd	$16,694,000	–	318,662	–	1.86%	–
SRVR	New	PACER FDS TRbnchmrk infra	$16,460,000	–	407,147	–	1.84%	–
XHB	New	SPDR SER TRs&p homebuild	$16,298,000	–	222,709	–	1.82%	–
IWD	New	ISHARES TRrus 1000 val etf	$14,841,000	–	93,569	–	1.66%	–
IJR	New	ISHARES TRcore s&p scp etf	$14,634,000	–	129,822	–	1.63%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$13,293,000	–	380,531	–	1.48%	–
KWEB	New	KRANESHARES TRcsi chi internet	$12,920,000	–	187,833	–	1.44%	–
CBU	New	COMMUNITY BK SYS INC	$11,353,000	–	150,074	–	1.27%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$10,849,000	–	159,816	–	1.21%	–
GLDM	New	WORLD GOLD TRspdr gld minis	$9,860,000	–	559,890	–	1.10%	–
ESGD	New	ISHARES TResg aw msci eafe	$9,259,000	–	117,162	–	1.03%	–
INDS	New	PACER FDS TRbnchmrk indstr	$8,914,000	–	205,955	–	1.00%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$8,860,000	–	182,980	–	0.99%	–
TIP	New	ISHARES TRtips bd etf	$8,601,000	–	67,187	–	0.96%	–
IEUR	New	ISHARES TRcore msci euro	$8,593,000	–	149,957	–	0.96%	–
JEPI	New	J P MORGAN EXCHANGE-TRADED Fequity premium	$8,404,000	–	138,736	–	0.94%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,354,000	–	20,143	–	0.82%	–
PKB	New	INVESCO EXCHANGE TRADED FD Tdynmc bldg con	$6,783,000	–	137,423	–	0.76%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$6,029,000	–	40,000	–	0.67%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$5,837,000	–	79,646	–	0.65%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$5,717,000	–	167,708	–	0.64%	–
PREF	New	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$5,332,000	–	257,366	–	0.60%	–
ESGE	New	ISHARES INCesg awr msci em	$5,274,000	–	116,810	–	0.59%	–
IAU	New	ISHARES GOLD TRishares new	$5,183,000	–	151,451	–	0.58%	–
IVE	New	ISHARES TRs&p 500 val etf	$5,012,000	–	33,972	–	0.56%	–
VRP	New	INVESCO EXCH TRADED FD TR IIvar rate pfd	$4,311,000	–	163,831	–	0.48%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$3,349,000	–	8	–	0.37%	–
HDV	New	ISHARES TRcore high dv etf	$3,252,000	–	33,677	–	0.36%	–
HYXF	New	ISHARES TResg advncd hy bd	$2,911,000	–	55,390	–	0.32%	–
KBA	New	KRANESHARES TRbosera msci ch	$2,879,000	–	60,190	–	0.32%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$2,824,000	–	27,691	–	0.32%	–
OCUL	New	OCULAR THERAPEUTIX INC	$2,755,000	–	194,266	–	0.31%	–
MSFT	New	MICROSOFT CORP	$2,737,000	–	10,104	–	0.30%	–
ESGU	New	ISHARES TResg awr msci usa	$2,522,000	–	25,609	–	0.28%	–
AAPL	New	APPLE INC	$2,429,000	–	17,737	–	0.27%	–
LDUR	New	PIMCO ETF TRenhncd lw dur ac	$2,324,000	–	22,850	–	0.26%	–
STOT	New	SSGA ACTIVE TRspdr dbleln shrt	$2,310,000	–	46,421	–	0.26%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,273,000	–	907	–	0.25%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,257,000	–	8,120	–	0.25%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,757,000	–	23,680	–	0.20%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,738,000	–	4,061	–	0.19%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,634,000	–	25,701	–	0.18%	–
VGLT	New	VANGUARD SCOTTSDALE FDSlong term treas	$1,633,000	–	18,471	–	0.18%	–
SPIB	New	SPDR SER TRportfolio intrmd	$1,527,000	–	41,600	–	0.17%	–
BSCN	New	INVESCO EXCH TRD SLF IDX FD	$1,457,000	–	67,025	–	0.16%	–
EFAV	New	ISHARES TRmsci eafe min vl	$1,331,000	–	17,605	–	0.15%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,292,000	–	30,206	–	0.14%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,272,000	–	521	–	0.14%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$1,219,000	–	23,664	–	0.14%	–
VIG	New	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,185,000	–	7,659	–	0.13%	–
SMMU	New	PIMCO ETF TRshtrm mun bd act	$1,099,000	–	21,357	–	0.12%	–
TJX	New	TJX COS INC NEW	$1,054,000	–	15,628	–	0.12%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,014,000	–	18,677	–	0.11%	–
FAST	New	FASTENAL CO	$976,000	–	18,778	–	0.11%	–
JUST	New	GOLDMAN SACHS ETF TRjust us lrg cp	$964,000	–	15,431	–	0.11%	–
JNJ	New	JOHNSON & JOHNSON	$971,000	–	5,896	–	0.11%	–
MTB	New	M & T BK CORP	$963,000	–	6,625	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$878,000	–	22,329	–	0.10%	–
AGG	New	ISHARES TRcore us aggbd et	$834,000	–	7,234	–	0.09%	–
SPSB	New	SPDR SER TRportfolio short	$815,000	–	26,050	–	0.09%	–
VSGX	New	VANGUARD WORLD FDesg intl stk etf	$799,000	–	12,450	–	0.09%	–
GRNB	New	VANECK VECTORS ETF TRgreen bd etf	$800,000	–	29,132	–	0.09%	–
ESGV	New	VANGUARD WORLD FDesg us stk etf	$736,000	–	9,200	–	0.08%	–
SPTI	New	SPDR SER TRportfli intrmdit	$677,000	–	20,896	–	0.08%	–
CRBN	New	ISHARES TRmsci lw crb tg	$675,000	–	4,068	–	0.08%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$668,000	–	2,887	–	0.08%	–
AMZN	New	AMAZON COM INC	$664,000	–	193	–	0.07%	–
IGIB	New	ISHARES TR	$605,000	–	10,000	–	0.07%	–
SUSB	New	ISHARES TResg awre 1 5 yr	$597,000	–	22,912	–	0.07%	–
DHR	New	DANAHER CORPORATION	$586,000	–	2,184	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$577,000	–	3,708	–	0.06%	–
JMST	New	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$559,000	–	10,955	–	0.06%	–
EMNT	New	PIMCO ETF TRenhancd short	$547,000	–	5,435	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$539,000	–	3,994	–	0.06%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$497,000	–	1,401	–	0.06%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$486,000	–	2,048	–	0.05%	–
GLD	New	SPDR GOLD TR	$469,000	–	2,832	–	0.05%	–
DIA	New	SPDR DOW JONES INDL AVERAGEut ser 1	$469,000	–	1,361	–	0.05%	–
COST	New	COSTCO WHSL CORP NEW	$458,000	–	1,158	–	0.05%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$461,000	–	12,570	–	0.05%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$451,000	–	11,679	–	0.05%	–
SPLG	New	SPDR SER TRportfolio s&p500	$445,000	–	8,835	–	0.05%	–
VOO	New	VANGUARD INDEX FDS	$443,000	–	1,126	–	0.05%	–
ACWX	New	ISHARES TRmsci acwi ex us	$430,000	–	7,480	–	0.05%	–
RVNC	New	REVANCE THERAPEUTICS INC	$395,000	–	13,312	–	0.04%	–
IYY	New	ISHARES TRdow jones us etf	$378,000	–	3,500	–	0.04%	–
CHW	New	CALAMOS GBL DYN INCOME FUND	$377,000	–	34,389	–	0.04%	–
VONV	New	VANGUARD SCOTTSDALE FDSvng rus1000val	$362,000	–	5,200	–	0.04%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$358,000	–	2,444	–	0.04%	–
FIF	New	FIRST TR ENERGY INFRASTRCTR	$350,000	–	25,670	–	0.04%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$328,000	–	3,150	–	0.04%	–
SPMD	New	SPDR SER TRportfolio s&p400	$334,000	–	7,081	–	0.04%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$327,000	–	1,750	–	0.04%	–
XBI	New	SPDR SER TRs&p biotech	$319,000	–	2,355	–	0.04%	–
PDT	New	HANCOCK JOHN PREM DIVID FD	$320,000	–	18,870	–	0.04%	–
V	New	VISA INC	$317,000	–	1,356	–	0.04%	–
KBWB	New	INVESCO EXCH TRADED FD TR IIkbw bk etf	$302,000	–	4,785	–	0.03%	–
AXP	New	AMERICAN EXPRESS CO	$304,000	–	1,842	–	0.03%	–
GE	New	GENERAL ELECTRIC CO	$299,000	–	22,220	–	0.03%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$298,000	–	2,507	–	0.03%	–
EEMV	New	ISHARES INCmsci emerg mrkt	$294,000	–	4,580	–	0.03%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$298,000	–	8,087	–	0.03%	–
SPSM	New	SPDR SER TRportfolio s&p600	$290,000	–	6,597	–	0.03%	–
BAC	New	BK OF AMERICA CORP	$284,000	–	6,891	–	0.03%	–
VZ	New	VERIZON COMMUNICATIONS INC	$289,000	–	5,161	–	0.03%	–
XOM	New	EXXON MOBIL CORP	$277,000	–	4,395	–	0.03%	–
HD	New	HOME DEPOT INC	$265,000	–	831	–	0.03%	–
SBUX	New	STARBUCKS CORP	$267,000	–	2,385	–	0.03%	–
BSCL	New	INVESCO EXCH TRD SLF IDX FD	$258,000	–	12,215	–	0.03%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$255,000	–	9,875	–	0.03%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$253,000	–	2,483	–	0.03%	–
NVDA	New	NVIDIA CORPORATION	$252,000	–	315	–	0.03%	–
EFA	New	ISHARES TRmsci eafe etf	$244,000	–	3,099	–	0.03%	–
INTC	New	INTEL CORP	$240,000	–	4,280	–	0.03%	–
DIS	New	DISNEY WALT CO	$242,000	–	1,376	–	0.03%	–
ACWV	New	ISHARES INCmsci gbl min vol	$242,000	–	2,350	–	0.03%	–
T	New	AT&T INC	$234,000	–	8,142	–	0.03%	–
QUAL	New	ISHARES TRmsci usa qlt fct	$231,000	–	1,739	–	0.03%	–
BX	New	BLACKSTONE GROUP INC	$229,000	–	2,357	–	0.03%	–
AMGN	New	AMGEN INC	$224,000	–	920	–	0.02%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$226,000	–	2,285	–	0.02%	–
GSST	New	GOLDMAN SACHS ETF TRaces ultra shr	$213,000	–	4,200	–	0.02%	–
SLV	New	ISHARES SILVER TRishares	$212,000	–	8,746	–	0.02%	–
IYH	New	ISHARES TRus hlthcare etf	$211,000	–	775	–	0.02%	–
BSCM	New	INVESCO EXCH TRD SLF IDX FD	$208,000	–	9,620	–	0.02%	–
KRBN	New	KRANESHARES TRglobal carbon	$207,000	–	5,605	–	0.02%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$172,000	–	10,750	–	0.02%	–
RWT	New	REDWOOD TR INC	$160,000	–	13,237	–	0.02%	–
PFN	New	PIMCO INCOME STRATEGY FD II	$128,000	–	11,619	–	0.01%	–
FPL	New	FST TR NEW OPPORT MLP & ENE	$124,000	–	21,000	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-600	–	-0.00%	–
SYNC	Exit	SYNACOR INC	$0	–	-16,988	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,459	–	-0.02%	–
NAD	Exit	NUVEEN QUALITY MUNCP INCOME	$0	–	-10,750	–	-0.02%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-1,750	–	-0.03%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-2,501	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-920	–	-0.03%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-3,150	–	-0.03%	–
MMM	Exit	3M CO	$0	–	-1,397	–	-0.03%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-2,377	–	-0.03%	–
IYH	Exit	ISHARES TRus hlthcare etf	$0	–	-1,025	–	-0.03%	–
SPDW	Exit	SPDR INDEX SHS FDSportfolio devlpd	$0	–	-7,897	–	-0.03%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-3,600	–	-0.03%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-10,724	–	-0.03%	–
ACWV	Exit	ISHARES INCmsci gbl min vol	$0	–	-2,650	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-890	–	-0.03%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-9,475	–	-0.03%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-2,507	–	-0.03%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-12,846	–	-0.03%	–
VONV	Exit	VANGUARD SCOTTSDALE FDSvng rus1000val	$0	–	-2,600	–	-0.04%	–
V	Exit	VISA INC	$0	–	-1,352	–	-0.04%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-12,195	–	-0.04%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-3,050	–	-0.04%	–
INTC	Exit	INTEL CORP	$0	–	-5,697	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-1,750	–	-0.04%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-6,580	–	-0.04%	–
BSCL	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-14,660	–	-0.04%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-2,790	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-13,312	–	-0.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,769	–	-0.04%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,116	–	-0.04%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,633	–	-0.04%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-8,974	–	-0.05%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,943	–	-0.05%	–
EMLC	Exit	VANECK VECTORS ETF TRjp morgan mkts	$0	–	-11,885	–	-0.05%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-4,590	–	-0.05%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-15,862	–	-0.05%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,427	–	-0.05%	–
DIA	Exit	SPDR DOW JONES INDL AVERAGEut ser 1	$0	–	-1,361	–	-0.05%	–
AMZN	Exit	AMAZON COM INC	$0	–	-122	–	-0.05%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,158	–	-0.05%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-2,505	–	-0.06%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-1,700	–	-0.06%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-2,184	–	-0.06%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-6,613	–	-0.06%	–
SUSB	Exit	ISHARES TResg awre 1 5 yr	$0	–	-19,197	–	-0.06%	–
GLD	Exit	SPDR GOLD TR	$0	–	-3,084	–	-0.07%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-3,136	–	-0.07%	–
ESGV	Exit	VANGUARD WORLD FDesg us stk etf	$0	–	-9,200	–	-0.07%	–
SPMD	Exit	SPDR SER TRportfolio s&p400	$0	–	-18,244	–	-0.08%	–
IGIB	Exit	ISHARES TR	$0	–	-10,000	–	-0.08%	–
KBWB	Exit	INVESCO EXCH TRADED FD TR IIkbw bk etf	$0	–	-16,217	–	-0.08%	–
VSGX	Exit	VANGUARD WORLD FDesg intl stk etf	$0	–	-12,450	–	-0.08%	–
JUST	Exit	GOLDMAN SACHS ETF TRjust us lrg cp	$0	–	-13,314	–	-0.08%	–
MTB	Exit	M & T BK CORP	$0	–	-7,201	–	-0.09%	–
USFR	Exit	WISDOMTREE TRfloatng rat trea	$0	–	-28,847	–	-0.09%	–
GRNB	Exit	VANECK VECTORS ETF TRgreen bd etf	$0	–	-26,456	–	-0.10%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-21,580	–	-0.10%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-542	–	-0.10%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,817	–	-0.10%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-26,050	–	-0.11%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,651	–	-0.11%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-20,249	–	-0.11%	–
FAST	Exit	FASTENAL CO	$0	–	-19,778	–	-0.12%	–
TJX	Exit	TJX COS INC NEW	$0	–	-16,374	–	-0.12%	–
SPSM	Exit	SPDR SER TRportfolio s&p600	$0	–	-33,353	–	-0.12%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,088	–	-0.12%	–
LDUR	Exit	PIMCO ETF TRenhncd lw dur ac	$0	–	-10,000	–	-0.13%	–
VMC	Exit	VULCAN MATLS CO	$0	–	-7,919	–	-0.14%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-8,547	–	-0.14%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-30,786	–	-0.15%	–
SMMU	Exit	PIMCO ETF TRshtrm mun bd act	$0	–	-24,114	–	-0.16%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-912	–	-0.17%	–
VIG	Exit	VANGUARD SPECIALIZED FUNDSdiv app etf	$0	–	-10,630	–	-0.18%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,144	–	-0.18%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-27,500	–	-0.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,804	–	-0.19%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-24,752	–	-0.19%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-195,766	–	-0.19%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-38,370	–	-0.20%	–
BIL	Exit	SPDR SER TRspdr bloomberg	$0	–	-18,379	–	-0.22%	–
SPTI	Exit	SPDR SER TRportfli intrmdit	$0	–	-51,653	–	-0.22%	–
SMMV	Exit	ISHARES TRmsci usa smcp mn	$0	–	-60,460	–	-0.23%	–
ESGU	Exit	ISHARES TResg awr msci usa	$0	–	-23,653	–	-0.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,952	–	-0.24%	–
BSCN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-96,439	–	-0.27%	–
SPIB	Exit	SPDR SER TRportfolio intrmd	$0	–	-57,566	–	-0.27%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-20,878	–	-0.28%	–
AAPL	Exit	APPLE INC	$0	–	-18,503	–	-0.28%	–
BSCM	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-107,437	–	-0.30%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-9	–	-0.37%	–
STOT	Exit	SSGA ACTIVE TRspdr dbleln shrt	$0	–	-60,399	–	-0.39%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-41,494	–	-0.43%	–
GLDM	Exit	WORLD GOLD TRspdr gld minis	$0	–	-189,081	–	-0.46%	–
ESGE	Exit	ISHARES INCesg awr msci em	$0	–	-100,105	–	-0.46%	–
EMNT	Exit	PIMCO ETF TRenhancd short	$0	–	-36,697	–	-0.48%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-36,859	–	-0.54%	–
PREF	Exit	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$0	–	-211,431	–	-0.55%	–
VRP	Exit	INVESCO EXCH TRADED FD TR IIvar rate pfd	$0	–	-179,005	–	-0.57%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-46,670	–	-0.67%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-20,968	–	-0.92%	–
VGLT	Exit	VANGUARD SCOTTSDALE FDSlong term treas	$0	–	-72,662	–	-0.93%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-194,687	–	-0.96%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-108,026	–	-1.00%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-149,560	–	-1.05%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-61,698	–	-1.08%	–
ESGD	Exit	ISHARES TResg aw msci eafe	$0	–	-137,964	–	-1.13%	–
EEMV	Exit	ISHARES INCmsci emerg mrkt	$0	–	-160,571	–	-1.15%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-192,001	–	-1.22%	–
KWEB	Exit	KRANESHARES TRcsi chi internet	$0	–	-143,238	–	-1.28%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-412,956	–	-1.50%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-112,071	–	-1.73%	–
IPAY	Exit	ETF MANAGERS TRprime mobile pay	$0	–	-261,491	–	-1.86%	–
SRVR	Exit	PACER FDS TRbnchmrk infra	$0	–	-421,857	–	-1.94%	–
SRLN	Exit	SSGA ACTIVE ETF TRblkstn gsosrln	$0	–	-339,803	–	-1.96%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-254,701	–	-1.99%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-236,194	–	-2.17%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-79,028	–	-2.23%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-370,591	–	-2.54%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-107,471	–	-2.60%	–
IEF	Exit	ISHARES TRbarclays 7 10 yr	$0	–	-177,453	–	-2.79%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-226,538	–	-2.81%	–
JPST	Exit	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$0	–	-457,575	–	-3.00%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-349,140	–	-3.18%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-1,522,573	–	-3.54%	–
GSY	Exit	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$0	–	-547,577	–	-3.58%	–
EFAV	Exit	ISHARES TRmsci eafe min vl	$0	–	-504,686	–	-4.45%	–
SPYG	Exit	SPDR SER TRprtflo s&p500 gw	$0	–	-749,030	–	-4.89%	–
SPYV	Exit	SPDR SER TRprtflo s&p500 vl	$0	–	-1,261,938	–	-4.97%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-136,028	–	-5.91%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-1,021,421	–	-7.98%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-995,811	–	-8.24%	–

Q3 2020

			Value		Shares		↓ Weighting
USMV	Buy	ISHARES TRmsci usa min vol	$63,771,000	+4.6%	995,811	+0.8%	8.24%	+122.5%
IEFA	Buy	ISHARES TRcore msci eafe	$61,741,000	+9.6%	1,021,421	+7.3%	7.98%	+133.0%
IVV	Sell	ISHARES TRcore s&p500 etf	$45,714,000	+5.3%	136,028	-0.2%	5.91%	+124.0%
SPYV	Buy	SPDR SER TRprtflo s&p500 vl	$38,433,000	+3.5%	1,261,938	+0.3%	4.97%	+119.9%
SPYG	Sell	SPDR SER TRprtflo s&p500 gw	$37,852,000	-3.6%	749,030	-10.6%	4.89%	+105.1%
EFAV	Buy	ISHARES TRmsci eafe min vl	$34,421,000	+28.8%	504,686	+27.3%	4.45%	+173.9%
GSY	Buy	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$27,667,000	+12.4%	547,577	+12.2%	3.58%	+138.8%
IAU	Sell	ISHARES GOLD TRUSTishares	$27,431,000	+3.4%	1,522,573	-1.7%	3.54%	+119.8%
VGIT	Sell	VANGUARD SCOTTSDALE FDSinter term treas	$24,582,000	-5.0%	349,140	-5.0%	3.18%	+101.9%
JPST	Buy	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$23,241,000	+12.5%	457,575	+12.4%	3.00%	+139.1%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$21,722,000	-0.5%	226,538	-0.6%	2.81%	+111.7%
IEF	Sell	ISHARES TRbarclays 7 10 yr	$21,585,000	-1.2%	177,453	-1.1%	2.79%	+110.0%
IJH	Sell	ISHARES TRcore s&p mcp etf	$20,146,000	-8.1%	107,471	-11.8%	2.60%	+95.4%
IEMG	Buy	ISHARES INCcore msci emkt	$19,662,000	+10.7%	370,591	+7.3%	2.54%	+135.3%
IWF	Sell	ISHARES TRrus 1000 grw etf	$17,247,000	-7.6%	79,028	-15.1%	2.23%	+96.4%
IJR	Buy	ISHARES TRcore s&p scp etf	$16,822,000	+8.3%	236,194	+4.2%	2.17%	+130.3%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$15,382,000	+123.0%	254,701	+111.1%	1.99%	+374.5%
SRLN	Sell	SSGA ACTIVE ETF TRblkstn gsosrln	$15,174,000	+1.0%	339,803	-1.1%	1.96%	+114.8%
SRVR	Buy	PACER FDS TRbnchmrk infra	$14,988,000	-1.2%	421,857	+1.4%	1.94%	+110.1%
IPAY	Sell	ETF MANAGERS TRprime mobile pay	$14,363,000	-6.0%	261,491	-12.4%	1.86%	+99.8%
IWD	Sell	ISHARES TRrus 1000 val etf	$13,354,000	-2.4%	112,071	-6.0%	1.73%	+107.7%
BOTZ	Sell	GLOBAL X FDSrbtcs artfl inte	$11,591,000	-18.8%	412,956	-28.2%	1.50%	+72.6%
KWEB	Sell	KRANESHARES TRcsi chi internet	$9,885,000	-26.2%	143,238	-28.5%	1.28%	+56.9%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$9,470,000	+5.1%	192,001	+5.3%	1.22%	+123.4%
EEMV	Sell	ISHARES INCmsci emerg mrkt	$8,889,000	-2.8%	160,571	-3.1%	1.15%	+106.7%
ESGD	Sell	ISHARES TResg aw msci eafe	$8,758,000	-8.1%	137,964	-9.4%	1.13%	+95.5%
IBB	Buy	ISHARES TRnasdaq biotech	$8,398,000	+109.2%	61,698	+114.3%	1.08%	+344.7%
CBU	Buy	COMMUNITY BK SYS INC	$8,145,000	-2.0%	149,560	+0.0%	1.05%	+108.3%
IXJ	Buy	ISHARES TRglob hlthcre etf	$7,774,000	+108.3%	108,026	+103.6%	1.00%	+342.7%
EZU	New	ISHARES INCmsci eurzone etf	$7,429,000	–	194,687	–	0.96%	–
VGLT	Buy	VANGUARD SCOTTSDALE FDSlong term treas	$7,210,000	+23.1%	72,662	+24.4%	0.93%	+161.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$7,091,000	+5.1%	20,968	-5.0%	0.92%	+123.4%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$5,196,000	-4.4%	46,670	+86.4%	0.67%	+103.3%
VRP	Sell	INVESCO EXCH TRADED FD TR IIvar rate pfd	$4,413,000	+3.5%	179,005	-0.5%	0.57%	+120.1%
PREF	Buy	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$4,246,000	+159.9%	211,431	+1157.6%	0.55%	+454.5%
IVE	Sell	ISHARES TRs&p 500 val etf	$4,213,000	+3.1%	36,859	-0.3%	0.54%	+119.4%
EMNT	New	PIMCO ETF TRenhancd short	$3,702,000	–	36,697	–	0.48%	–
ESGE	New	ISHARES INCesg awr msci em	$3,565,000	–	100,105	–	0.46%	–
GLDM	Buy	WORLD GOLD TRspdr gld minis	$3,555,000	+9.1%	189,081	+3.3%	0.46%	+131.8%
HDV	Sell	ISHARES TRcore high dv etf	$3,357,000	-8.8%	41,494	-7.3%	0.43%	+93.8%
STOT	Buy	SSGA ACTIVE TRspdr dbleln shrt	$3,009,000	+2.7%	60,399	+2.2%	0.39%	+118.5%
BSCM	Buy	INVESCO EXCH TRD SLF IDX FD	$2,348,000	+1.9%	107,437	+1.9%	0.30%	+116.4%
AAPL	Buy	APPLE INC	$2,143,000	+23.7%	18,503	+299.2%	0.28%	+163.8%
MINT	New	PIMCO ETF TRenhan shrt ma ac	$2,129,000	–	20,878	–	0.28%	–
SPIB	Buy	SPDR SER TRportfolio intrmd	$2,117,000	-99.7%	57,566	+3.3%	0.27%	-99.4%
BSCN	Buy	INVESCO EXCH TRD SLF IDX FD	$2,104,000	+3.1%	96,439	+3.1%	0.27%	+119.4%
MSFT	Buy	MICROSOFT CORP	$1,883,000	+41.7%	8,952	+41.9%	0.24%	+200.0%
ESGU	Buy	ISHARES TResg awr msci usa	$1,803,000	+7.6%	23,653	+1.6%	0.23%	+128.4%
SMMV	Sell	ISHARES TRmsci usa smcp mn	$1,767,000	-5.7%	60,460	-6.1%	0.23%	+100.0%
SPTI	Buy	SPDR SER TRportfli intrmdit	$1,717,000	+0.3%	51,653	+0.1%	0.22%	+113.5%
BIL	Sell	SPDR SER TRspdr bloomberg	$1,682,000	-78.3%	18,379	-78.3%	0.22%	-53.9%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$1,569,000	+2.3%	38,370	+0.0%	0.20%	+118.3%
SCZ	Buy	ISHARES TReafe sml cp etf	$1,460,000	+8.7%	24,752	+1.4%	0.19%	+130.5%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$1,449,000	+31.4%	6,804	+12.7%	0.19%	+179.1%
FLOT	Sell	ISHARES TRfltg rate nt etf	$1,395,000	-26.3%	27,500	-26.7%	0.18%	+56.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,388,000	+4.0%	4,144	-1.5%	0.18%	+121.0%
VIG	Buy	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,368,000	+12.4%	10,630	+4.0%	0.18%	+139.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,340,000	+8.2%	912	+10.1%	0.17%	+130.7%
SMMU	New	PIMCO ETF TRshtrm mun bd act	$1,236,000	–	24,114	–	0.16%	–
TIP	Buy	ISHARES TRtips bd etf	$1,081,000	+56.2%	8,547	+52.8%	0.14%	+233.3%
LDUR	New	PIMCO ETF TRenhncd lw dur ac	$1,022,000	–	10,000	–	0.13%	–
SPSM	Sell	SPDR SER TRportfolio s&p600	$913,000	-3.5%	33,353	-6.3%	0.12%	+107.0%
FAST	Sell	FASTENAL CO	$892,000	0.0%	19,778	-2.0%	0.12%	+113.0%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$876,000	+1.0%	20,249	+0.2%	0.11%	+113.2%
JNJ	Buy	JOHNSON & JOHNSON	$841,000	+30.6%	5,651	+25.4%	0.11%	+179.5%
PG	Buy	PROCTER AND GAMBLE CO	$809,000	+58.0%	5,817	+38.1%	0.10%	+238.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$794,000	+12.0%	542	+14.6%	0.10%	+139.5%
PFF	Buy	ISHARES TRpfd and incm sec	$787,000	+7.1%	21,580	+1.9%	0.10%	+126.7%
GRNB	Buy	VANECK VECTORS ETF TRgreen bd etf	$734,000	+3.1%	26,456	+2.4%	0.10%	+120.9%
USFR	Sell	WISDOMTREE TRfloatng rat trea	$724,000	-10.5%	28,847	-10.5%	0.09%	+91.8%
MTB	Buy	M & T BK CORP	$663,000	+15.7%	7,201	+28.2%	0.09%	+145.7%
JUST	Buy	GOLDMAN SACHS ETF TRjust us lrg cp	$651,000	+10.9%	13,314	+4.6%	0.08%	+133.3%
KBWB	Sell	INVESCO EXCH TRADED FD TR IIkbw bk etf	$634,000	-72.3%	16,217	-73.5%	0.08%	-41.0%
SPMD	Sell	SPDR SER TRportfolio s&p400	$595,000	-30.5%	18,244	-32.8%	0.08%	+48.1%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$553,000	+6.8%	3,136	+1.1%	0.07%	+129.0%
GLD	Sell	SPDR GOLD TR	$546,000	-12.6%	3,084	-17.1%	0.07%	+86.8%
SUSB	Buy	ISHARES TResg awre 1 5 yr	$501,000	+2.5%	19,197	+2.3%	0.06%	+116.7%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$499,000	+8.7%	6,613	+2.6%	0.06%	+128.6%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$472,000	+23.6%	1,700	+15.1%	0.06%	+165.2%
MGK	New	VANGUARD WORLD FDmega grwth ind	$464,000	–	2,505	–	0.06%	–
COST	Buy	COSTCO WHSL CORP NEW	$411,000	+27.2%	1,158	+11.6%	0.05%	+165.0%
AMZN	New	AMAZON COM INC	$384,000	–	122	–	0.05%	–
VZ	Buy	VERIZON COMMUNICATIONS INC	$382,000	+18.3%	6,427	+10.0%	0.05%	+145.0%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$382,000	-65.7%	15,862	-66.6%	0.05%	-27.9%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$362,000	-10.2%	4,590	-8.9%	0.05%	+95.8%
DIS	Sell	DISNEY WALT CO	$365,000	+0.6%	2,943	-7.2%	0.05%	+113.6%
EMLC	Sell	VANECK VECTORS ETF TRjp morgan mkts	$367,000	-19.5%	11,885	-19.5%	0.05%	+67.9%
SPLG	Buy	SPDR SER TRportfolio s&p500	$353,000	+5.7%	8,974	+0.0%	0.05%	+130.0%
JPM	New	JPMORGAN CHASE & CO	$350,000	–	3,633	–	0.04%	–
VOO	New	VANGUARD INDEX FDS	$343,000	–	1,116	–	0.04%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$337,000	+0.3%	2,769	-0.9%	0.04%	+120.0%
BSCL	Sell	INVESCO EXCH TRD SLF IDX FD	$313,000	-81.3%	14,660	-81.2%	0.04%	-60.4%
XBI	New	SPDR SER TRs&p biotech	$311,000	–	2,790	–	0.04%	–
ACWX	Sell	ISHARES TRmsci acwi ex us	$303,000	-2.6%	6,580	-4.6%	0.04%	+105.3%
IYY	Buy	ISHARES TRdow jones us etf	$292,000	+7.0%	1,750	+0.6%	0.04%	+123.5%
INTC	New	INTEL CORP	$295,000	–	5,697	–	0.04%	–
V	New	VISA INC	$270,000	–	1,352	–	0.04%	–
ACWV	New	ISHARES INCmsci gbl min vol	$244,000	–	2,650	–	0.03%	–
HD	New	HOME DEPOT INC	$247,000	–	890	–	0.03%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$246,000	–	9,475	–	0.03%	–
SPDW	Buy	SPDR INDEX SHS FDSportfolio devlpd	$231,000	+3.1%	7,897	+0.2%	0.03%	+114.3%
EFA	Sell	ISHARES TRmsci eafe etf	$229,000	-2.1%	3,600	-3.5%	0.03%	+114.3%
IYH	New	ISHARES TRus hlthcare etf	$233,000	–	1,025	–	0.03%	–
SLV	New	ISHARES SILVER TRishares	$232,000	–	10,724	–	0.03%	–
CHD	New	CHURCH & DWIGHT INC	$223,000	–	2,377	–	0.03%	–
SBUX	New	STARBUCKS CORP	$215,000	–	2,501	–	0.03%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$215,000	–	3,150	–	0.03%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$205,000	–	1,750	–	0.03%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$156,000	–	10,750	–	0.02%	–
GE	Buy	GENERAL ELECTRIC CO	$127,000	-9.3%	20,459	+2.3%	0.02%	+77.8%
SYNC	New	SYNACOR INC	$26,000	–	16,988	–	0.00%	–
SPY	New	SPDR S&P 500 ETF TRcall	$12,000	–	600	–	0.00%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-3,701	–	-0.01%	–
TDIV	Exit	FIRST TR EXCHANGE-TRADED FDnasd tech div	$0	–	-5,416	–	-0.01%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-7,769	–	-0.03%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-6,300	–	-0.06%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-30,874	–	-0.20%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-8,001	–	-12.52%	–

Q2 2020

			Value		Shares		↓ Weighting
SPIB	New	SPDR SER TRportfolio intrmd	$715,536,000	–	55,726	–	43.48%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$206,016,000	–	8,001	–	12.52%	–
USMV	New	ISHARES TRmsci min vol etf	$60,941,000	–	987,921	–	3.70%	–
IEFA	New	ISHARES TRcore msci eafe	$56,335,000	–	951,963	–	3.42%	–
IVV	New	ISHARES TRcore s&p500 etf	$43,399,000	–	136,365	–	2.64%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$39,249,000	–	838,187	–	2.38%	–
SPYV	New	SPDR SER TRprtflo s&p500 vl	$37,147,000	–	1,258,495	–	2.26%	–
EFAV	New	ISHARES TRmin vol eafe etf	$26,719,000	–	396,403	–	1.62%	–
IAU	New	ISHARES GOLD TRUSTishares	$26,539,000	–	1,549,600	–	1.61%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$25,888,000	–	367,332	–	1.57%	–
GSY	New	INVESCO ACTIVELY MANAGED ETFultra shrt dur	$24,625,000	–	487,971	–	1.50%	–
IJH	New	ISHARES TRcore s&p mcp etf	$21,916,000	–	121,895	–	1.33%	–
IEF	New	ISHARES TRbarclays 7 10 yr	$21,847,000	–	179,485	–	1.33%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$21,822,000	–	227,838	–	1.33%	–
JPST	New	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$20,664,000	–	407,251	–	1.26%	–
IWF	New	ISHARES TRrus 1000 grw etf	$18,674,000	–	93,049	–	1.14%	–
IEMG	New	ISHARES INCcore msci emkt	$17,765,000	–	345,334	–	1.08%	–
IJR	New	ISHARES TRcore s&p scp etf	$15,526,000	–	226,734	–	0.94%	–
IPAY	New	ETF MANAGERS TRprime mobile pay	$15,283,000	–	298,603	–	0.93%	–
SRVR	New	PACER FDS TRbnchmrk infra	$15,172,000	–	416,207	–	0.92%	–
SRLN	New	SSGA ACTIVE ETF TRblkstn gsosrln	$15,022,000	–	343,451	–	0.91%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$14,276,000	–	575,109	–	0.87%	–
IWD	New	ISHARES TRrus 1000 val etf	$13,677,000	–	119,287	–	0.83%	–
KWEB	New	KRANESHARES TRcsi chi internet	$13,399,000	–	200,271	–	0.81%	–
ESGD	New	ISHARES TResg msci eafe	$9,531,000	–	152,294	–	0.58%	–
EEMV	New	ISHARES INCmin vol emrg mkt	$9,144,000	–	165,685	–	0.56%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$9,014,000	–	182,286	–	0.55%	–
CBU	New	COMMUNITY BK SYS INC	$8,313,000	–	149,547	–	0.50%	–
BIL	New	SPDR SER TRspdr bloomberg	$7,750,000	–	84,685	–	0.47%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$6,899,000	–	120,633	–	0.42%	–
MA	New	MASTERCARD INCORPORATEDcl a	$6,747,000	–	22,080	–	0.41%	–
VGLT	New	VANGUARD SCOTTSDALE FDSlong term treas	$5,855,000	–	58,416	–	0.36%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$5,433,000	–	25,036	–	0.33%	–
VRP	New	INVESCO EXCHANGE-TRADED FD Tvar rate pfd	$4,262,000	–	179,870	–	0.26%	–
IVE	New	ISHARES TRs&p 500 val etf	$4,085,000	–	36,983	–	0.25%	–
IBB	New	ISHARES TRnasdaq biotech	$4,015,000	–	28,797	–	0.24%	–
IXJ	New	ISHARES TRglob hlthcre etf	$3,732,000	–	53,069	–	0.23%	–
HDV	New	ISHARES TRcore high dv etf	$3,680,000	–	44,755	–	0.22%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$3,344,000	–	30,874	–	0.20%	–
GLDM	New	WORLD GOLD TRspdr gld minis	$3,257,000	–	182,980	–	0.20%	–
STOT	New	SSGA ACTIVE TRspdr dbleln shrt	$2,931,000	–	59,085	–	0.18%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,466,000	–	9	–	0.15%	–
BSCM	New	INVESCO EXCH TRD SLF IDX FD	$2,305,000	–	105,402	–	0.14%	–
KBWB	New	INVESCO EXCH TRADED FD TR IIkbw bk etf	$2,285,000	–	61,115	–	0.14%	–
BSCN	New	INVESCO EXCH TRD SLF IDX FD	$2,041,000	–	93,509	–	0.12%	–
FLOT	New	ISHARES TRfltg rate nt etf	$1,894,000	–	37,500	–	0.12%	–
SMMV	New	ISHARES TRedge msci minm	$1,874,000	–	64,373	–	0.11%	–
AAPL	New	APPLE INC	$1,733,000	–	4,635	–	0.10%	–
SPTI	New	SPDR SER TRportfli intrmdit	$1,712,000	–	51,624	–	0.10%	–
ESGU	New	ISHARES TResg msci usa etf	$1,675,000	–	23,272	–	0.10%	–
BSCL	New	INVESCO EXCH TRD SLF IDX FD	$1,670,000	–	78,084	–	0.10%	–
PREF	New	PRINCIPAL EXCHANGE-TRADED FDspectrum pfd	$1,634,000	–	16,812	–	0.10%	–
VEA	New	VANGUARD TAX-MANAGED FDSftse dev mkt etf	$1,534,000	–	38,367	–	0.09%	–
OCUL	New	OCULAR THERAPEUTIX INC	$1,478,000	–	195,766	–	0.09%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,343,000	–	24,422	–	0.08%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,334,000	–	4,209	–	0.08%	–
MSFT	New	MICROSOFT CORP	$1,329,000	–	6,309	–	0.08%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,238,000	–	828	–	0.08%	–
VIG	New	VANGUARD SPECIALIZED FUNDSdiv app etf	$1,217,000	–	10,218	–	0.07%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,113,000	–	47,530	–	0.07%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,096,000	–	30,786	–	0.07%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,103,000	–	6,036	–	0.07%	–
VMC	New	VULCAN MATLS CO	$980,000	–	7,919	–	0.06%	–
OLED	New	UNIVERSAL DISPLAY CORP	$969,000	–	6,300	–	0.06%	–
AGG	New	ISHARES TRcore us aggbd et	$956,000	–	8,088	–	0.06%	–
SPSM	New	SPDR SER TRportfolio s&p600	$946,000	–	35,600	–	0.06%	–
FAST	New	FASTENAL CO	$892,000	–	20,178	–	0.05%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$867,000	–	20,214	–	0.05%	–
SPMD	New	SPDR SER TRportfolio s&p400	$856,000	–	27,153	–	0.05%	–
TJX	New	TJX COS INC NEW	$862,000	–	16,374	–	0.05%	–
SPSB	New	SPDR SER TRportfolio short	$816,000	–	26,050	–	0.05%	–
USFR	New	WISDOMTREE TRfloatng rat trea	$809,000	–	32,219	–	0.05%	–
PFF	New	ISHARES TRpfd and incm sec	$735,000	–	21,180	–	0.04%	–
GOOGL	New	ALPHABET INCcap stk cl a	$709,000	–	473	–	0.04%	–
GRNB	New	VANECK VECTORS ETF TRgreen bd etf	$712,000	–	25,831	–	0.04%	–
TIP	New	ISHARES TRtips bd etf	$692,000	–	5,592	–	0.04%	–
JNJ	New	JOHNSON & JOHNSON	$644,000	–	4,507	–	0.04%	–
VSGX	New	VANGUARD WORLD FDesg intl stk etf	$625,000	–	12,450	–	0.04%	–
GLD	New	SPDR GOLD TR	$625,000	–	3,719	–	0.04%	–
IGIB	New	ISHARES TRintrm tr crp etf	$605,000	–	10,000	–	0.04%	–
JUST	New	GOLDMAN SACHS ETF TRjust us lrg cp	$587,000	–	12,725	–	0.04%	–
MTB	New	M & T BK CORP	$573,000	–	5,618	–	0.04%	–
ESGV	New	VANGUARD WORLD FDesg us stk etf	$533,000	–	9,200	–	0.03%	–
PG	New	PROCTER AND GAMBLE CO	$512,000	–	4,213	–	0.03%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$518,000	–	3,101	–	0.03%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$492,000	–	7,769	–	0.03%	–
SUSB	New	ISHARES TResg awre 1 5 yr	$489,000	–	18,762	–	0.03%	–
EMLC	New	VANECK VECTORS ETF TRjp morgan mkts	$456,000	–	14,755	–	0.03%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$459,000	–	6,443	–	0.03%	–
DHR	New	DANAHER CORPORATION	$400,000	–	2,184	–	0.02%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$403,000	–	5,037	–	0.02%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$382,000	–	1,477	–	0.02%	–
DIA	New	SPDR DOW JONES INDL AVERAGEut ser 1	$358,000	–	1,361	–	0.02%	–
DIS	New	DISNEY WALT CO	$363,000	–	3,172	–	0.02%	–
RVNC	New	REVANCE THERAPEUTICS INC	$349,000	–	13,312	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$323,000	–	1,038	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$336,000	–	2,794	–	0.02%	–
SPLG	New	SPDR SER TRportfolio s&p500	$334,000	–	8,973	–	0.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$323,000	–	5,843	–	0.02%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$315,000	–	12,195	–	0.02%	–
ACWX	New	ISHARES TRmsci acwi ex us	$311,000	–	6,898	–	0.02%	–
AMLP	New	ALPS ETF TRalerian mlp	$302,000	–	12,846	–	0.02%	–
HYS	New	PIMCO ETF TR0-5 high yield	$281,000	–	3,050	–	0.02%	–
IYY	New	ISHARES TRdow jones us etf	$273,000	–	1,740	–	0.02%	–
VONV	New	VANGUARD SCOTTSDALE FDSvng rus1000val	$261,000	–	2,600	–	0.02%	–
AMGN	New	AMGEN INC	$240,000	–	920	–	0.02%	–
EFA	New	ISHARES TRmsci eafe etf	$234,000	–	3,730	–	0.01%	–
TDIV	New	FIRST TR EXCHANGE-TRADED FDnasd tech div	$230,000	–	5,416	–	0.01%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$232,000	–	2,507	–	0.01%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$224,000	–	7,881	–	0.01%	–
MMM	New	3M CO	$221,000	–	1,397	–	0.01%	–
OTIS	New	OTIS WORLDWIDE CORP	$210,000	–	3,701	–	0.01%	–
GE	New	GENERAL ELECTRIC CO	$140,000	–	20,006	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-12,004	–	-0.02%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,001	–	-0.02%	–
T	Exit	AT&T INC	$0	–	-5,489	–	-0.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-1,817	–	-0.03%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,064	–	-0.03%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-5,490	–	-0.03%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-5,367	–	-0.03%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-2,507	–	-0.03%	–
SJNK	Exit	SPDR SERIES TRUSTbloomberg srt tr	$0	–	-9,000	–	-0.03%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-1,470	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-1,120	–	-0.03%	–
MMM	Exit	3M CO	$0	–	-1,617	–	-0.04%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,160	–	-0.04%	–
SPDW	Exit	SPDR INDEX SHS FDSportfolio devlpd	$0	–	-9,516	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,112	–	-0.04%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-2,317	–	-0.04%	–
BA	Exit	BOEING CO	$0	–	-771	–	-0.04%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-3,100	–	-0.04%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-6,798	–	-0.04%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-4,590	–	-0.04%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-5,195	–	-0.04%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,803	–	-0.05%	–
FLRN	Exit	SPDR SERIES TRUSTblomberg brc inv	$0	–	-11,372	–	-0.05%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-1,361	–	-0.05%	–
VLUE	Exit	ISHARES TRedge msci usa vl	$0	–	-4,600	–	-0.05%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-2,634	–	-0.05%	–
SUSB	Exit	ISHARES TResg 1 5 yr usd	$0	–	-15,186	–	-0.05%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,338	–	-0.05%	–
SPEM	Exit	SPDR INDEX SHS FDSportfolio emg mk	$0	–	-12,353	–	-0.06%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,047	–	-0.06%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-5,684	–	-0.07%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-61,183	–	-0.07%	–
GRNB	Exit	VANECK VECTORS ETF TRUSTgreen bd etf	$0	–	-21,049	–	-0.07%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-10,000	–	-0.08%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-195,766	–	-0.08%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-4,752	–	-0.08%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-72,377	–	-0.08%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-4,669	–	-0.08%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-5,572	–	-0.08%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-563	–	-0.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,555	–	-0.10%	–
FAST	Exit	FASTENAL CO	$0	–	-22,778	–	-0.10%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-20,380	–	-0.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,680	–	-0.10%	–
SPSB	Exit	SPDR SERIES TRUSTportfolio short	$0	–	-26,050	–	-0.11%	–
USFR	Exit	WISDOMTREE TRfloatng rat trea	$0	–	-32,649	–	-0.11%	–
AAPL	Exit	APPLE INC	$0	–	-4,109	–	-0.12%	–
MTB	Exit	M & T BK CORP	$0	–	-5,951	–	-0.12%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,159	–	-0.12%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-783	–	-0.13%	–
TJX	Exit	TJX COS INC NEW	$0	–	-18,564	–	-0.14%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-6,400	–	-0.14%	–
VIG	Exit	VANGUARD GROUPdiv app etf	$0	–	-10,362	–	-0.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,166	–	-0.17%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-31,786	–	-0.17%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-24,605	–	-0.19%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-51,069	–	-0.19%	–
BSJK	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-61,433	–	-0.19%	–
ACWV	Exit	ISHARES INCmin vol gbl etf	$0	–	-16,440	–	-0.21%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-14,280	–	-0.21%	–
STOT	Exit	SSGA ACTIVE TRspdr dbleln shrt	$0	–	-34,906	–	-0.23%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-44,964	–	-0.24%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-37,500	–	-0.25%	–
BSCN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-90,329	–	-0.25%	–
BSCL	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-91,589	–	-0.26%	–
BSCM	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-95,242	–	-0.27%	–
ESGU	Exit	ISHARES TResg msci usa etf	$0	–	-31,618	–	-0.27%	–
SPIB	Exit	SPDR SERIES TRUSTportfolio intrmd	$0	–	-58,573	–	-0.27%	–
GLDM	Exit	WORLD GOLD TRspdr gld minis	$0	–	-147,692	–	-0.29%	–
SPTI	Exit	SPDR SERIES TRUSTportfli intrmdit	$0	–	-88,283	–	-0.36%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-9	–	-0.37%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-78,019	–	-0.42%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-23,568	–	-0.59%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-47,420	–	-0.59%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-40,809	–	-0.66%	–
VRP	Exit	INVESCO EXCHNG TRADED FD TRvar rate pfd	$0	–	-215,731	–	-0.73%	–
ESGE	Exit	ISHARES INCesg msci em etf	$0	–	-170,862	–	-0.73%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-321,783	–	-0.87%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-26,005	–	-0.93%	–
ESGD	Exit	ISHARES TResg msci eafe	$0	–	-118,209	–	-1.00%	–
SMMV	Exit	ISHARES TRedge msci minm	$0	–	-223,917	–	-1.02%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-197,759	–	-1.28%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-158,009	–	-1.29%	–
TDIV	Exit	FIRST TR EXCHANGE TRADED FDnasd tech div	$0	–	-291,408	–	-1.58%	–
KBWB	Exit	INVESCO EXCHNG TRADED FD TRkbw bk etf	$0	–	-232,496	–	-1.61%	–
EMLC	Exit	VANECK VECTORS ETF TRjp morgan mkts	$0	–	-420,713	–	-1.84%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-115,613	–	-1.97%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-95,736	–	-2.06%	–
BIL	Exit	SPDR SERIES TRUSTspdr bloomberg	$0	–	-180,043	–	-2.18%	–
SRLN	Exit	SSGA ACTIVE ETF TRblkstn gsosrln	$0	–	-362,352	–	-2.22%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-214,774	–	-2.23%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-356,382	–	-2.30%	–
EEMV	Exit	ISHARES INCmin vol emrg mkt	$0	–	-354,277	–	-2.66%	–
GSY	Exit	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$0	–	-405,952	–	-2.70%	–
IEF	Exit	ISHARES TRbarclays 7 10 yr	$0	–	-202,336	–	-3.01%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-123,239	–	-3.17%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-1,856,175	–	-3.49%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-92,590	–	-3.65%	–
SPYG	Exit	SPDR SERIES TRUSTprtflo s&p500 gw	$0	–	-727,380	–	-3.85%	–
JPUS	Exit	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$0	–	-385,068	–	-3.89%	–
SPYV	Exit	SPDR SERIES TRUSTprtflo s&p500 vl	$0	–	-941,774	–	-4.10%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-586,913	–	-5.17%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-613,815	–	-5.96%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-96,991	–	-6.64%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-928,742	–	-7.56%	–
USMV	Exit	ISHARES TRmsci min vol etf	$0	–	-955,445	–	-8.16%	–

Q3 2019

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmsci min vol etf	$61,831,000	+1.6%	955,445	-1.5%	8.16%	-6.0%
IEFA	Buy	ISHARES TRcore msci eafe	$57,302,000	+0.6%	928,742	+1.1%	7.56%	-6.9%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$50,314,000	+15974.8%	96,991	+5687.1%	6.64%	+14651.1%
EFAV	Sell	ISHARES TRmin vol eafe etf	$45,177,000	-5.8%	613,815	-6.4%	5.96%	-12.8%
VGIT	Buy	VANGUARD SCOTTSDALE FDSinter term treas	$39,182,000	+0.7%	586,913	+0.0%	5.17%	-6.8%
SPYV	Buy	SPDR SERIES TRUSTprtflo s&p500 vl	$31,075,000	+8.0%	941,774	+4.8%	4.10%	-0.1%
JPUS	Buy	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$29,489,000	+1.5%	385,068	+0.4%	3.89%	-6.1%
SPYG	Buy	SPDR SERIES TRUSTprtflo s&p500 gw	$29,175,000	+2.0%	727,380	+1.8%	3.85%	-5.6%
IVV	Buy	ISHARES TRcore s&p500 etf	$27,640,000	+1.4%	92,590	+0.1%	3.65%	-6.2%
IAU	Buy	ISHARES GOLD TRUSTishares	$26,450,000	+86.5%	1,856,175	+80.1%	3.49%	+72.6%
IJH	Buy	ISHARES TRcore s&p mcp etf	$24,041,000	-0.2%	123,239	+0.2%	3.17%	-7.7%
IEF	New	ISHARES TRbarclays 7 10 yr	$22,798,000	–	202,336	–	3.01%	–
GSY	Buy	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$20,464,000	+3.6%	405,952	+3.5%	2.70%	-4.2%
EEMV	Buy	ISHARES INCmin vol emrg mkt	$20,194,000	-1.5%	354,277	+1.0%	2.66%	-8.8%
IEMG	Sell	ISHARES INCcore msci emkt	$17,470,000	-23.3%	356,382	-19.2%	2.30%	-29.0%
IJR	Buy	ISHARES TRcore s&p scp etf	$16,889,000	+30.7%	214,774	+30.8%	2.23%	+20.9%
SRLN	Buy	SSGA ACTIVE ETF TRblkstn gsosrln	$16,791,000	+5.3%	362,352	+5.1%	2.22%	-2.6%
BIL	Buy	SPDR SERIES TRUSTspdr bloomberg	$16,483,000	+7.0%	180,043	+7.1%	2.18%	-1.0%
IWF	Sell	ISHARES TRrus 1000 grw etf	$15,622,000	+0.7%	95,736	-0.5%	2.06%	-6.8%
IWD	Sell	ISHARES TRrus 1000 val etf	$14,948,000	-0.0%	115,613	-0.7%	1.97%	-7.5%
EMLC	New	VANECK VECTORS ETF TRjp morgan mkts	$13,962,000	–	420,713	–	1.84%	–
KBWB	Buy	INVESCO EXCHNG TRADED FD TRkbw bk etf	$12,192,000	+3.8%	232,496	+2.2%	1.61%	-4.0%
TDIV	Buy	FIRST TR EXCHANGE TRADED FDnasd tech div	$12,016,000	+5.2%	291,408	+3.2%	1.58%	-2.7%
CBU	Sell	COMMUNITY BK SYS INC	$9,748,000	-6.3%	158,009	-0.0%	1.29%	-13.3%
TOTL	Sell	SSGA ACTIVE ETF TRspdr tr tactic	$9,736,000	-3.4%	197,759	-3.6%	1.28%	-10.6%
SMMV	Buy	ISHARES TRedge msci minm	$7,730,000	+6.1%	223,917	+3.6%	1.02%	-1.7%
ESGD	Sell	ISHARES TResg msci eafe	$7,580,000	-1.6%	118,209	-1.4%	1.00%	-9.0%
MA	Sell	MASTERCARD INCcl a	$7,062,000	-3.6%	26,005	-6.1%	0.93%	-10.8%
BOTZ	Buy	GLOBAL X FDSrbtcs artfl inte	$6,575,000	+19.5%	321,783	+23.3%	0.87%	+10.6%
ESGE	Sell	ISHARES INCesg msci em etf	$5,558,000	-4.8%	170,862	-0.5%	0.73%	-11.9%
VRP	Sell	INVESCO EXCHNG TRADED FD TRvar rate pfd	$5,503,000	-3.8%	215,731	-5.4%	0.73%	-11.0%
IVE	Sell	ISHARES TRs&p 500 val etf	$4,993,000	+0.3%	40,809	-1.0%	0.66%	-7.1%
HDV	Buy	ISHARES TRcore high dv etf	$4,470,000	+0.4%	47,420	+0.7%	0.59%	-7.1%
IVW	Sell	ISHARES TRs&p 500 grwt etf	$4,456,000	-1.0%	23,568	-1.3%	0.59%	-8.4%
SPTI	Buy	SPDR SERIES TRUSTportfli intrmdit	$2,761,000	-7.3%	88,283	+83.1%	0.36%	-14.4%
GLDM	Buy	WORLD GOLD TRspdr gld minis	$2,171,000	+330.8%	147,692	+312.5%	0.29%	+297.2%
SPIB	Sell	SPDR SERIES TRUSTportfolio intrmd	$2,073,000	+0.3%	58,573	-0.3%	0.27%	-7.5%
ESGU	Buy	ISHARES TResg msci usa etf	$2,067,000	+2.7%	31,618	+1.3%	0.27%	-4.9%
BSCM	Sell	INVESCO EXCH TRD SLF IDX FD	$2,049,000	-14.5%	95,242	-14.8%	0.27%	-21.1%
BSCL	Buy	INVESCO EXCH TRD SLF IDX FD	$1,948,000	+0.6%	91,589	+0.3%	0.26%	-6.9%
BSCN	Sell	INVESCO EXCH TRD SLF IDX FD	$1,928,000	-17.3%	90,329	-17.7%	0.25%	-23.5%
FLOT	Sell	ISHARES TRfltg rate nt etf	$1,911,000	-3.7%	37,500	-3.8%	0.25%	-11.0%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,810,000	-5.7%	44,964	-0.4%	0.24%	-12.8%
STOT	Sell	SSGA ACTIVE TRspdr dbleln shrt	$1,734,000	-18.1%	34,906	-18.0%	0.23%	-24.2%
AGG	Buy	ISHARES TRcore us aggbd et	$1,616,000	+34.8%	14,280	+32.6%	0.21%	+24.6%
ACWV	Sell	ISHARES INCmin vol gbl etf	$1,558,000	+1.9%	16,440	-1.0%	0.21%	-5.5%
BSJK	Sell	INVESCO EXCH TRD SLF IDX FD	$1,468,000	-7.2%	61,433	-6.8%	0.19%	-14.2%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$1,430,000	+3.8%	51,069	+2.3%	0.19%	-3.6%
SCZ	Buy	ISHARES TReafe sml cp etf	$1,408,000	+0.5%	24,605	+0.8%	0.19%	-7.0%
VIG	Sell	VANGUARD GROUPdiv app etf	$1,239,000	-1.0%	10,362	-4.6%	0.16%	-8.4%
OLED	Sell	UNIVERSAL DISPLAY CORP	$1,075,000	-13.4%	6,400	-3.0%	0.14%	-19.8%
TJX	Sell	TJX COS INC NEW	$1,035,000	+1.4%	18,564	-3.8%	0.14%	-6.2%
MTB	Buy	M & T BK CORP	$940,000	-3.0%	5,951	+4.4%	0.12%	-10.1%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$937,000	-0.8%	3,159	-2.0%	0.12%	-8.1%
AAPL	Sell	APPLE INC	$920,000	-6.1%	4,109	-17.0%	0.12%	-13.6%
USFR	Sell	WISDOMTREE TRfloatng rat trea	$818,000	-68.0%	32,649	-68.0%	0.11%	-70.3%
MSFT	Sell	MICROSOFT CORP	$790,000	+3.0%	5,680	-0.9%	0.10%	-4.6%
JNJ	Buy	JOHNSON & JOHNSON	$719,000	+4.2%	5,555	+12.1%	0.10%	-3.1%
GLD	Buy	SPDR GOLD TRUST	$648,000	+40.0%	4,669	+34.4%	0.08%	+28.8%
MLPA	Sell	GLOBAL X FDSglbl x mlp etf	$607,000	-7.6%	72,377	-2.9%	0.08%	-14.9%
PG	Buy	PROCTER & GAMBLE CO	$591,000	+97.0%	4,752	+73.9%	0.08%	+81.4%
OCUL	Buy	OCULAR THERAPEUTIX INC	$595,000	-8.0%	195,766	+33.2%	0.08%	-15.2%
AMLP	Sell	ALPS ETF TRalerian mlp	$559,000	-8.8%	61,183	-1.6%	0.07%	-14.9%
GRNB	Buy	VANECK VECTORS ETF TRUSTgreen bd etf	$561,000	+7.1%	21,049	+7.6%	0.07%	-1.3%
SPEM	Buy	SPDR INDEX SHS FDSportfolio emg mk	$423,000	+27.4%	12,353	+33.1%	0.06%	+19.1%
SUSB	Buy	ISHARES TResg 1 5 yr usd	$386,000	+6.9%	15,186	+6.6%	0.05%	0.0%
COST	Sell	COSTCO WHSL CORP NEW	$385,000	-6.6%	1,338	-14.2%	0.05%	-13.6%
DHR	Sell	DANAHER CORPORATION	$380,000	-12.8%	2,634	-13.6%	0.05%	-19.4%
FLRN	Sell	SPDR SERIES TRUSTblomberg brc inv	$350,000	-96.8%	11,372	-96.7%	0.05%	-97.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$350,000	-0.3%	5,803	-5.5%	0.05%	-8.0%
EFA	Sell	ISHARES TRmsci eafe etf	$339,000	-9.6%	5,195	-8.8%	0.04%	-15.1%
ITOT	Sell	ISHARES TRcore s&p ttl stk	$308,000	-17.9%	4,590	-18.4%	0.04%	-22.6%
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$279,000	–	9,516	–	0.04%	–
DIS	Sell	DISNEY WALT CO	$281,000	-15.1%	2,160	-8.9%	0.04%	-21.3%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$246,000	-0.8%	1,470	-1.0%	0.03%	-8.6%
SCHW	Sell	THE CHARLES SCHWAB CORPORATI	$225,000	-36.4%	5,367	-39.1%	0.03%	-40.0%
EEM	Sell	ISHARES TRmsci emg mkt etf	$224,000	-14.5%	5,490	-10.0%	0.03%	-18.9%
JPM	Sell	JPMORGAN CHASE & CO	$214,000	+1.9%	1,817	-3.3%	0.03%	-6.7%
T	New	AT&T INC	$208,000	–	5,489	–	0.03%	–
GE	Buy	GENERAL ELECTRIC CO	$170,000	-14.6%	19,001	+0.0%	0.02%	-21.4%
RVNC	Buy	REVANCE THERAPEUTICS INC	$156,000	+20.0%	12,004	+20.0%	0.02%	+10.5%
PHK	Exit	PIMCO HIGH INCOME FD	$0	–	-21,056	–	-0.02%	–
BSJJ	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-10,033	–	-0.03%	–
PLXP	Exit	PLX PHARMA INC	$0	–	-58,584	–	-0.06%	–
BSCJ	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-25,413	–	-0.08%	–
STIP	Exit	ISHARES TR0-5 yr tips etf	$0	–	-79,613	–	-1.14%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-146,248	–	-1.68%	–
JPIN	Exit	JP MORGAN EXCHANGE TRADED FDdiv rtn int eq	$0	–	-255,785	–	-1.99%	–

Q2 2019

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmin vol usa etf	$60,835,000	–	969,571	–	8.67%	–
IEFA	New	ISHARES TRcore msci eafe	$56,942,000	–	918,792	–	8.12%	–
EFAV	New	ISHARES TRmin vol eafe etf	$47,939,000	–	655,804	–	6.84%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$38,912,000	–	586,892	–	5.55%	–
JPUS	New	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$29,042,000	–	383,620	–	4.14%	–
SPYV	New	SPDR SERIES TRUST DJprtflo s&p500 vl	$28,777,000	–	898,373	–	4.10%	–
SPYG	New	SPDR SERIES TRUST DJprtflo s&p500 gw	$28,593,000	–	714,693	–	4.08%	–
IVV	New	ISHARES TRcore s&p500 etf	$27,260,000	–	92,485	–	3.89%	–
IJH	New	ISHARES TR S&P MIDCAPcore s&p mcp etf	$24,094,000	–	122,955	–	3.44%	–
IEMG	New	ISHARES INCcore msci emkt	$22,776,000	–	441,126	–	3.25%	–
EEMV	New	ISHARES INCmin vol emrg mkt	$20,498,000	–	350,743	–	2.92%	–
GSY	New	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$19,761,000	–	392,208	–	2.82%	–
SRLN	New	SSGA ACTIVE ETF TRblkstn gsosrln	$15,947,000	–	344,643	–	2.27%	–
IWF	New	ISHARES TR RSSLL 1000rus 1000 grw etf	$15,515,000	–	96,246	–	2.21%	–
BIL	New	SPDR SERIES TRUSTspdr bloomberg	$15,400,000	–	168,182	–	2.20%	–
IWD	New	ISHARES TR RUSSL 1000rus 1000 val etf	$14,953,000	–	116,456	–	2.13%	–
IAU	New	ISHARES GOLD TRUSTishares	$14,183,000	–	1,030,850	–	2.02%	–
JPIN	New	JP MORGAN EXCHANGE TRADED FDdiv rtn int eq	$13,984,000	–	255,785	–	1.99%	–
IJR	New	ISHARES TR S&P SMCP60core s&p scp etf	$12,925,000	–	164,226	–	1.84%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$11,807,000	–	146,248	–	1.68%	–
KBWB	New	INVESCO EXCHNG TRADED FD TRkbw bk etf	$11,747,000	–	227,436	–	1.68%	–
TDIV	New	FIRST TR EXCHANGE TRADED FDnasd tech div	$11,424,000	–	282,489	–	1.63%	–
FLRN	New	SPDR SERIES TRUSTblomberg brc inv	$11,069,000	–	345,141	–	1.58%	–
CBU	New	COMMUNITY BK SYS INC	$10,406,000	–	158,049	–	1.48%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$10,076,000	–	205,239	–	1.44%	–
STIP	New	ISHARES TR0-5 yr tips etf	$8,013,000	–	79,613	–	1.14%	–
ESGD	New	ISHARES TResg msci eafe	$7,706,000	–	119,829	–	1.10%	–
MA	New	MASTERCARD INCcl a	$7,329,000	–	27,705	–	1.04%	–
SMMV	New	ISHARES TRedge msci minm	$7,283,000	–	216,202	–	1.04%	–
ESGE	New	ISHARES INCesg msci em etf	$5,839,000	–	171,727	–	0.83%	–
VRP	New	INVESCO EXCHNG TRADED FD TRvar rate pfd	$5,721,000	–	228,125	–	0.82%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$5,502,000	–	260,960	–	0.78%	–
IVE	New	ISHARES TR S&P500/BARs&p 500 val etf	$4,976,000	–	41,238	–	0.71%	–
IVW	New	ISHARES TR S&P500/BARs&p 500 grwt etf	$4,500,000	–	23,872	–	0.64%	–
HDV	New	ISHARES TRcore high dv etf	$4,451,000	–	47,103	–	0.64%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$3,254,000	–	78,019	–	0.46%	–
SPTI	New	SPDR SERIES TRUSTblmbrg brc intrm	$2,980,000	–	48,220	–	0.42%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,865,000	–	9	–	0.41%	–
USFR	New	WISDOMTREE TRfloatng rat trea	$2,555,000	–	101,912	–	0.36%	–
BSCM	New	INVESCO EXCH TRD SLF IDX FD	$2,397,000	–	111,829	–	0.34%	–
BSCN	New	INVESCO EXCH TRD SLF IDX FD	$2,332,000	–	109,730	–	0.33%	–
STOT	New	SSGA ACTIVE TRspdr dbleln shrt	$2,116,000	–	42,580	–	0.30%	–
SPIB	New	SPDR SERIES TRUSTportfolio intrmd	$2,067,000	–	58,773	–	0.30%	–
ESGU	New	ISHARES TResg msci usa etf	$2,013,000	–	31,198	–	0.29%	–
FLOT	New	ISHARES TRfltg rate nt etf	$1,985,000	–	38,966	–	0.28%	–
BSCL	New	INVESCO EXCH TRD SLF IDX FD	$1,937,000	–	91,326	–	0.28%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,920,000	–	45,137	–	0.27%	–
BSJK	New	INVESCO EXCH TRD SLF IDX FD	$1,582,000	–	65,923	–	0.23%	–
ACWV	New	ISHARES INCmin vol gbl etf	$1,529,000	–	16,600	–	0.22%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,401,000	–	24,411	–	0.20%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,378,000	–	49,944	–	0.20%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,366,000	–	31,786	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,314,000	–	6,166	–	0.19%	–
VIG	New	VANGUARD GROUPdiv app etf	$1,251,000	–	10,865	–	0.18%	–
OLED	New	UNIVERSAL DISPLAY CORP	$1,241,000	–	6,600	–	0.18%	–
AGG	New	ISHARES TRcore us aggbd et	$1,199,000	–	10,769	–	0.17%	–
TJX	New	TJX COS INC NEW	$1,021,000	–	19,304	–	0.15%	–
AAPL	New	APPLE INC	$980,000	–	4,949	–	0.14%	–
MTB	New	M & T BK CORP	$969,000	–	5,698	–	0.14%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$945,000	–	3,224	–	0.14%	–
GOOG	New	ALPHABET INCcap stk cl c	$846,000	–	783	–	0.12%	–
SPSB	New	SPDR SERIES TRUSTportfolio short	$802,000	–	26,050	–	0.11%	–
MSFT	New	MICROSOFT CORP	$767,000	–	5,729	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$751,000	–	20,380	–	0.11%	–
FAST	New	FASTENAL CO	$742,000	–	22,778	–	0.11%	–
JNJ	New	JOHNSON & JOHNSON	$690,000	–	4,955	–	0.10%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$657,000	–	74,507	–	0.09%	–
TIP	New	ISHARES TRtips bd etf	$644,000	–	5,572	–	0.09%	–
OCUL	New	OCULAR THERAPEUTIX INC	$647,000	–	146,946	–	0.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$610,000	–	563	–	0.09%	–
AMLP	New	ALPS ETF TRalerian mlp	$613,000	–	62,183	–	0.09%	–
IGIB	New	ISHARES TRintrm tr crp etf	$570,000	–	10,000	–	0.08%	–
BSCJ	New	INVESCO EXCH TRD SLF IDX FD	$536,000	–	25,413	–	0.08%	–
GRNB	New	VANECK VECTORS ETF TRgreen bd etf	$524,000	–	19,559	–	0.08%	–
GLDM	New	WORLD GOLD TRspdr gld minis	$504,000	–	35,801	–	0.07%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$497,000	–	5,684	–	0.07%	–
GLD	New	SPDR GOLD TRUST	$463,000	–	3,474	–	0.07%	–
DHR	New	DANAHER CORPORATION	$436,000	–	3,050	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$420,000	–	3,047	–	0.06%	–
PLXP	New	PLX PHARMA INC	$422,000	–	58,584	–	0.06%	–
COST	New	COSTCO WHSL CORP NEW	$412,000	–	1,559	–	0.06%	–
EFA	New	ISHARES TRmsci eafe etf	$375,000	–	5,699	–	0.05%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$375,000	–	5,625	–	0.05%	–
VLUE	New	ISHARES TRedge msci usa vl	$373,000	–	4,600	–	0.05%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$362,000	–	1,361	–	0.05%	–
SUSB	New	ISHARES TResg 1 5 yr usd	$361,000	–	14,241	–	0.05%	–
VZ	New	VERIZON COMMUNICATIONS INC	$351,000	–	6,139	–	0.05%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$354,000	–	8,810	–	0.05%	–
MHK	New	MOHAWK INDS INC	$342,000	–	2,317	–	0.05%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$332,000	–	9,278	–	0.05%	–
DIS	New	DISNEY WALT CO	$331,000	–	2,370	–	0.05%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$313,000	–	1,676	–	0.04%	–
XOM	New	EXXON MOBIL CORP	$315,000	–	4,112	–	0.04%	–
ACWX	New	ISHARES TRmsci acwi ex us	$318,000	–	6,798	–	0.04%	–
HYS	New	PIMCO ETF TR0-5 high yield	$311,000	–	3,100	–	0.04%	–
PG	New	PROCTER AND GAMBLE CO	$300,000	–	2,732	–	0.04%	–
MMM	New	3M CO	$280,000	–	1,617	–	0.04%	–
BA	New	BOEING CO	$281,000	–	771	–	0.04%	–
EEM	New	ISHARES TRmsci emg mkt etf	$262,000	–	6,100	–	0.04%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$248,000	–	1,485	–	0.04%	–
SJNK	New	SPDR SER TR CAP S/T Hetf	$242,000	–	9,000	–	0.04%	–
AMGN	New	AMGEN INC.	$248,000	–	1,120	–	0.04%	–
BSJJ	New	INVESCO EXCH TRD SLF IDX FD	$240,000	–	10,033	–	0.03%	–
GS	New	GOLDMAN SACHS GROUP INC	$218,000	–	1,064	–	0.03%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$215,000	–	2,507	–	0.03%	–
JPM	New	JPMORGAN CHASE & CO	$210,000	–	1,879	–	0.03%	–
GE	New	GENERAL ELECTRIC CO	$199,000	–	18,998	–	0.03%	–
PHK	New	PIMCO HIGH INCOME FD	$167,000	–	21,056	–	0.02%	–
RVNC	New	REVANCE THERAPEUTICS INC	$130,000	–	10,004	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
PFL	Exit	PIMCO INCOME STRATEGY FUND	$0	–	-10,938	–	-0.02%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-1,480	–	-0.03%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-2,705	–	-0.03%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-3,223	–	-0.04%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-21,458	–	-0.04%	–
BSCN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-11,890	–	-0.04%	–
SJNK	Exit	SPDR SERIES TRUSTbloomberg srt tr	$0	–	-9,000	–	-0.04%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,074	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,120	–	-0.04%	–
JPST	Exit	JP MORGAN EXCHANGE TRADED FDultra shrt inc	$0	–	-5,138	–	-0.04%	–
STIP	Exit	ISHARES TR0-5 yr tips etf	$0	–	-2,688	–	-0.04%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,085	–	-0.04%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,290	–	-0.04%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,439	–	-0.04%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-4,160	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-11,312	–	-0.04%	–
MMM	Exit	3M CO	$0	–	-1,350	–	-0.04%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-6,657	–	-0.04%	–
BA	Exit	BOEING CO	$0	–	-821	–	-0.05%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,735	–	-0.05%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,988	–	-0.05%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-3,175	–	-0.05%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-3,000	–	-0.05%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,055	–	-0.05%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,000	–	-0.05%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,113	–	-0.05%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-7,448	–	-0.05%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-1,361	–	-0.06%	–
ESGE	Exit	ISHARES INCesg msci em etf	$0	–	-11,306	–	-0.06%	–
VLUE	Exit	ISHARES TRedge msci usa vl	$0	–	-4,600	–	-0.06%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,816	–	-0.06%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-9,910	–	-0.07%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-2,853	–	-0.08%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-10,000	–	-0.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,674	–	-0.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,919	–	-0.09%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-8,684	–	-0.09%	–
FAST	Exit	FASTENAL CO	$0	–	-11,389	–	-0.10%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-553	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,050	–	-0.11%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-6,777	–	-0.11%	–
AAPL	Exit	APPLE INC	$0	–	-3,218	–	-0.11%	–
SPSB	Exit	SPDR SERIES TRUSTportfolio short	$0	–	-26,250	–	-0.12%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-6,815	–	-0.12%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-22,880	–	-0.13%	–
IDV	Exit	ISHARES TRintl sel div etf	$0	–	-27,599	–	-0.14%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-773	–	-0.14%	–
MTB	Exit	M & T BK CORP	$0	–	-5,686	–	-0.14%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-24,003	–	-0.14%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-146,946	–	-0.15%	–
TJX	Exit	TJX COS INC NEW	$0	–	-10,152	–	-0.17%	–
VIG	Exit	VANGUARD GROUPdiv app etf	$0	–	-10,458	–	-0.18%	–
EWZS	Exit	ISHARES TRbrazil sm-cp etf	$0	–	-91,206	–	-0.18%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-31,786	–	-0.19%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-11,572	–	-0.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,154	–	-0.20%	–
BSCL	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-92,325	–	-0.29%	–
SPIB	Exit	SPDR SERIES TRUSTportfolio intrmd	$0	–	-65,887	–	-0.34%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-43,966	–	-0.34%	–
USFR	Exit	WISDOMTREE TRfloatng rat trea	$0	–	-92,727	–	-0.35%	–
BSCM	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-117,885	–	-0.38%	–
GSY	Exit	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$0	–	-56,221	–	-0.43%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-9	–	-0.44%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-17,595	–	-0.50%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-411,290	–	-0.57%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-31,683	–	-0.57%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-372,493	–	-0.58%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-48,360	–	-0.67%	–
KRE	Exit	SPDR SERIES TRUSTs&p regl bkg	$0	–	-78,396	–	-0.70%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-88,208	–	-0.76%	–
VRP	Exit	INVESCO EXCHNG TRADED FD TRvar rate pfd	$0	–	-233,547	–	-0.89%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-28,751	–	-0.97%	–
TDIV	Exit	FIRST TR EXCHANGE TRADED FDnasd tech div	$0	–	-160,785	–	-0.98%	–
TDTF	Exit	FLEXSHARES TRiboxx 5yr trgt	$0	–	-301,368	–	-1.13%	–
ECON	Exit	COLUMBIA ETF TR IIemrg markets etf	$0	–	-340,320	–	-1.17%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-137,077	–	-1.29%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-155,876	–	-1.45%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-219,653	–	-1.59%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-87,942	–	-1.71%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-142,003	–	-1.71%	–
EFV	Exit	ISHARES TReafe value etf	$0	–	-229,453	–	-1.79%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-74,866	–	-1.82%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-1,033,766	–	-1.90%	–
KBWB	Exit	INVESCO EXCHNG TRADED FD TRkbw bk etf	$0	–	-234,569	–	-1.94%	–
SMMV	Exit	ISHARES TRedge msci minm	$0	–	-388,449	–	-1.96%	–
FLRN	Exit	SPDR SERIES TRUSTblomberg brc inv	$0	–	-437,107	–	-2.05%	–
SPYV	Exit	SPDR SERIES TRUSTprtflo s&p500 vl	$0	–	-507,161	–	-2.46%	–
SPYG	Exit	SPDR SERIES TRUSTprtflo s&p500 gw	$0	–	-421,804	–	-2.54%	–
SRLN	Exit	SSGA ACTIVE ETF TRblkstn gsosrln	$0	–	-393,433	–	-2.82%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-376,007	–	-2.96%	–
EEMV	Exit	ISHARES INCmin vol emrg mkt	$0	–	-344,244	–	-3.08%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-246,991	–	-3.24%	–
JPIN	Exit	JP MORGAN EXCHANGE TRADED FDdiv rtn int eq	$0	–	-410,777	–	-3.63%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-89,072	–	-3.97%	–
JPUS	Exit	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$0	–	-379,977	–	-4.36%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-170,670	–	-5.24%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSinter term treas	$0	–	-628,832	–	-6.08%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-645,645	–	-7.19%	–
USMV	Exit	ISHARES TRmsci min vol etf	$0	–	-866,436	–	-7.74%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-903,628	–	-8.82%	–

Q3 2018

			Value		Shares		↓ Weighting
IEFA	Sell	ISHARES TRcore msci eafe	$57,972,000	-10.5%	903,628	-8.4%	8.82%	-13.6%
USMV	Buy	ISHARES TRmsci min vol etf	$50,896,000	+38.5%	866,436	+56.3%	7.74%	+33.8%
EFAV	Buy	ISHARES TRmin vol eafe etf	$47,275,000	+2.4%	645,645	+3.4%	7.19%	-1.1%
VGIT	Buy	VANGUARD SCOTTSDALE FDSinter term treas	$39,994,000	+18.5%	628,832	+20.0%	6.08%	+14.4%
IJH	Sell	ISHARES TRcore s&p mcp etf	$34,479,000	-8.4%	170,670	-13.7%	5.24%	-11.5%
JPUS	Sell	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$28,661,000	-15.2%	379,977	-19.6%	4.36%	-18.1%
IVV	Sell	ISHARES TRcore s&p500 etf	$26,074,000	-34.6%	89,072	-40.7%	3.97%	-36.8%
JPIN	Sell	JP MORGAN EXCHANGE TRADED FDdiv rtn int eq	$23,863,000	-16.6%	410,777	-15.4%	3.63%	-19.5%
IJR	Sell	ISHARES TRcore s&p scp etf	$21,317,000	-31.6%	246,991	-38.3%	3.24%	-33.9%
EEMV	Buy	ISHARES INCmin vol emrg mkt	$20,248,000	+24.8%	344,244	+30.4%	3.08%	+20.5%
IEMG	Sell	ISHARES INCcore msci emkt	$19,470,000	-15.8%	376,007	-7.0%	2.96%	-18.6%
SRLN	Buy	SSGA ACTIVE ETF TRblkstn gsosrln	$18,533,000	+1.9%	393,433	+2.0%	2.82%	-1.6%
SPYG	Buy	SPDR SERIES TRUSTprtflo s&p500 gw	$16,711,000	+9.7%	421,804	+0.0%	2.54%	+6.0%
SPYV	Buy	SPDR SERIES TRUSTprtflo s&p500 vl	$16,179,000	+13.5%	507,161	+9.1%	2.46%	+9.6%
FLRN	Buy	SPDR SERIES TRUSTblomberg brc inv	$13,457,000	+273.5%	437,107	+273.4%	2.05%	+260.4%
SMMV	Buy	ISHARES TRedge msci minm	$12,899,000	+653.4%	388,449	+655.0%	1.96%	+626.7%
KBWB	Buy	INVESCO EXCHNG TRADED FD TRkbw bk etf	$12,740,000	+377.9%	234,569	+386.2%	1.94%	+361.4%
IAU	Buy	ISHARES GOLD TRUSTishares	$12,460,000	+5.6%	1,033,766	+15.3%	1.90%	+1.9%
IWF	Sell	ISHARES TRrus 1000 grw etf	$11,960,000	-5.5%	74,866	-18.9%	1.82%	-8.8%
EFV	Sell	ISHARES TReafe value etf	$11,747,000	-18.7%	229,453	-15.1%	1.79%	-21.5%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$11,251,000	-4.8%	142,003	-4.5%	1.71%	-8.0%
IWD	Sell	ISHARES TRrus 1000 val etf	$11,238,000	-9.9%	87,942	-13.9%	1.71%	-13.0%
TOTL	Sell	SSGA ACTIVE ETF TRspdr tr tactic	$10,430,000	-7.0%	219,653	-5.8%	1.59%	-10.2%
CBU	New	COMMUNITY BK SYS INC	$9,519,000	–	155,876	–	1.45%	–
SCZ	Buy	ISHARES TReafe sml cp etf	$8,506,000	+9.0%	137,077	+13.2%	1.29%	+5.3%
ECON	Sell	COLUMBIA ETF TR IIemrg markets etf	$7,679,000	-28.5%	340,320	-17.4%	1.17%	-30.9%
TDTF	Buy	FLEXSHARES TRiboxx 5yr trgt	$7,435,000	+5.1%	301,368	+6.7%	1.13%	+1.4%
TDIV	Buy	FIRST TR EXCHANGE TRADED FDnasd tech div	$6,409,000	+309.8%	160,785	+360.2%	0.98%	+296.3%
MA	Sell	MASTERCARD INCcl a	$6,400,000	+18.0%	28,751	-7.1%	0.97%	+14.1%
VRP	Buy	INVESCO EXCHNG TRADED FD TRvar rate pfd	$5,847,000	+648.7%	233,547	+678.0%	0.89%	+622.8%
QQQ	New	INVESCO QQQ TRunit ser 1	$5,018,000	–	88,208	–	0.76%	–
KRE	Buy	SPDR SERIES TRUSTs&p regl bkg	$4,592,000	+400.8%	78,396	+375.8%	0.70%	+385.4%
HDV	Sell	ISHARES TRcore high dv etf	$4,433,000	-1.8%	48,360	-6.8%	0.67%	-5.2%
AMLP	Sell	ALPS ETF TRalerian mlp	$3,814,000	-34.1%	372,493	-48.6%	0.58%	-36.4%
IVE	Sell	ISHARES TRs&p 500 val etf	$3,776,000	+3.0%	31,683	-1.3%	0.57%	-0.7%
MLPA	Sell	GLOBAL X FDSglbl x mlp etf	$3,726,000	-51.5%	411,290	-55.6%	0.57%	-53.2%
IVW	Sell	ISHARES TRs&p 500 grwt etf	$3,265,000	-5.7%	17,595	-13.9%	0.50%	-9.0%
BRKA	Buy	BERKSHIRE HATHAWAY INC DELcl a	$2,880,000	+20.4%	9	+12.5%	0.44%	+16.2%
GSY	Buy	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$2,827,000	+155.8%	56,221	+156.5%	0.43%	+147.1%
BSCM	Buy	INVESCO EXCH TRD SLF IDX FD	$2,462,000	+289.6%	117,885	+5012.1%	0.38%	+275.0%
USFR	New	WISDOMTREE TRfloatng rat trea	$2,326,000	–	92,727	–	0.35%	–
SPIB	Sell	SPDR SERIES TRUSTportfolio intrmd	$2,240,000	-5.2%	65,887	-4.9%	0.34%	-8.3%
FLOT	Buy	ISHARES TRfltg rate nt etf	$2,243,000	+40.6%	43,966	+40.4%	0.34%	+35.9%
BSCL	New	INVESCO EXCH TRD SLF IDX FD	$1,929,000	–	92,325	–	0.29%	–
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$1,318,000	+7.7%	6,154	+0.3%	0.20%	+4.1%
TIP	Buy	ISHARES TRtips bd etf	$1,280,000	+5.0%	11,572	+7.3%	0.20%	+1.6%
EWZS	Buy	ISHARES TRbrazil sm-cp etf	$1,175,000	+13.9%	91,206	+57.7%	0.18%	+9.8%
VIG	Sell	VANGUARD GROUPdiv app etf	$1,158,000	+6.3%	10,458	-3.0%	0.18%	+2.3%
TJX	Sell	TJX COS INC NEW	$1,137,000	+25.5%	10,152	-8.6%	0.17%	+21.0%
DWX	Sell	SPDR INDEX SHS FDSs&p intl etf	$932,000	-11.2%	24,003	-8.2%	0.14%	-13.9%
MTB	Buy	M & T BK CORP	$936,000	-10.6%	5,686	+0.1%	0.14%	-13.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$923,000	+16.5%	773	+0.7%	0.14%	+12.0%
IDV	Sell	ISHARES TRintl sel div etf	$906,000	-14.8%	27,599	-14.1%	0.14%	-17.4%
PFF	Sell	ISHARES TRpfd and incm sec	$850,000	-55.8%	22,880	-55.4%	0.13%	-57.4%
OLED	New	UNIVERSAL DISPLAY CORP	$803,000	–	6,815	–	0.12%	–
AAPL	Buy	APPLE INC	$726,000	+94.1%	3,218	+44.2%	0.11%	+86.4%
AGG	Sell	ISHARES TRcore us aggbd et	$715,000	-81.1%	6,777	-80.7%	0.11%	-81.7%
JNJ	Buy	JOHNSON & JOHNSON	$698,000	+42.7%	5,050	+32.4%	0.11%	+37.7%
GOOGL	Sell	ALPHABET INCcap stk cl a	$668,000	+15.6%	553	-0.7%	0.10%	+12.1%
FAST	Sell	FASTENAL CO	$661,000	-4.6%	11,389	-10.3%	0.10%	-7.3%
EFA	Sell	ISHARES TRmsci eafe etf	$590,000	-10.9%	8,684	-8.6%	0.09%	-13.5%
MSFT	Sell	MICROSOFT CORP	$563,000	+20.6%	4,919	-3.9%	0.09%	+16.2%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$556,000	-11.6%	3,674	-10.4%	0.08%	-14.1%
IGIB	Buy	ISHARES TRintrm tr crp etf	$531,000	-3.3%	10,000	+95.3%	0.08%	-5.8%
SCHW	Sell	THE CHARLES SCHWAB CORPORATI	$487,000	-23.8%	9,910	-19.0%	0.07%	-26.7%
VLUE	Buy	ISHARES TRedge msci usa vl	$404,000	+44.8%	4,600	+35.3%	0.06%	+38.6%
ESGE	New	ISHARES INCesg msci em etf	$377,000	–	11,306	–	0.06%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$360,000	–	1,361	–	0.06%	–
XOM	Sell	EXXON MOBIL CORP	$350,000	+8.0%	4,113	-5.2%	0.05%	+3.9%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$347,000	+4.2%	1,000	-25.8%	0.05%	+1.9%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$337,000	+10.5%	2,055	+4.1%	0.05%	+6.2%
HYS	Sell	PIMCO ETF TR0-5 high yield	$320,000	-86.4%	3,175	-86.5%	0.05%	-86.8%
AXP	Sell	AMERICAN EXPRESS CO	$318,000	0.0%	2,988	-12.2%	0.05%	-4.0%
GLD	Buy	SPDR GOLD TRUST	$308,000	+3.7%	2,735	+15.6%	0.05%	0.0%
BA	New	BOEING CO	$305,000	–	821	–	0.05%	–
EEM	Buy	ISHARES TRmsci emg mkt etf	$286,000	-7.7%	6,657	+3.6%	0.04%	-10.2%
MMM	New	3M CO	$284,000	–	1,350	–	0.04%	–
ITOT	Sell	ISHARES TRcore s&p ttl stk	$277,000	+7.4%	4,160	-2.3%	0.04%	+2.4%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$277,000	-90.4%	3,439	-91.0%	0.04%	-90.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$271,000	+6.3%	5,085	-4.6%	0.04%	+2.5%
DIS	New	DISNEY WALT CO	$268,000	–	2,290	–	0.04%	–
STIP	Buy	ISHARES TR0-5 yr tips etf	$266,000	+4.7%	2,688	+6.1%	0.04%	0.0%
JPST	New	JP MORGAN EXCHANGE TRADED FDultra shrt inc	$258,000	–	5,138	–	0.04%	–
BSCN	New	INVESCO EXCH TRD SLF IDX FD	$240,000	–	11,890	–	0.04%	–
GE	Sell	GENERAL ELECTRIC CO	$242,000	-39.8%	21,458	-28.0%	0.04%	-41.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$241,000	-34.9%	1,074	-27.0%	0.04%	-36.2%
XLE	New	SELECT SECTOR SPDR TRenergy	$244,000	–	3,223	–	0.04%	–
PG	New	PROCTER & GAMBLE CO	$225,000	–	2,705	–	0.03%	–
IYY	New	ISHARES TRdow jones us etf	$215,000	–	1,480	–	0.03%	–
PFL	New	PIMCO INCOME STRATEGY FUND	$129,000	–	10,938	–	0.02%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,175	–	-0.03%	–
NEAR	Exit	ISHARES US ETF TRsht mat bd etf	$0	–	-4,300	–	-0.03%	–
BAC	Exit	BANK AMER CORP	$0	–	-8,109	–	-0.04%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-5,529	–	-0.04%	–
WAT	Exit	WATERS CORP	$0	–	-1,663	–	-0.05%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-227,200	–	-1.55%	–

Q2 2018

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$64,806,000	–	986,174	–	10.21%	–
EFAV	New	ISHARES TRmin vol eafe etf	$46,146,000	–	624,123	–	7.27%	–
IVV	New	ISHARES TRcore s&p500 etf	$39,871,000	–	150,245	–	6.28%	–
IJH	New	ISHARES TRcore s&p mcp etf	$37,634,000	–	197,791	–	5.93%	–
USMV	New	ISHARES TRmsci min vol etf	$36,750,000	–	554,439	–	5.79%	–
JPUS	New	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$33,779,000	–	472,658	–	5.32%	–
VGIT	New	VANGUARD SCOTTSDALE FDSinter term treas	$33,750,000	–	523,942	–	5.32%	–
IJR	New	ISHARES TRcore s&p scp etf	$31,151,000	–	400,099	–	4.91%	–
JPIN	New	JP MORGAN EXCHANGE TRADED FDdiv rtn int eq	$28,619,000	–	485,363	–	4.51%	–
IEMG	New	ISHARES INCcore msci emkt	$23,116,000	–	404,233	–	3.64%	–
SRLN	New	SSGA ACTIVE ETF TRblkstn gsosrln	$18,185,000	–	385,636	–	2.86%	–
EEMV	New	ISHARES INCmin vol emrg mkt	$16,228,000	–	264,017	–	2.56%	–
SPYG	New	SPDR SERIES TRUSTprtflo s&p500 gw	$15,232,000	–	421,622	–	2.40%	–
EFV	New	ISHARES TReafe value etf	$14,452,000	–	270,214	–	2.28%	–
SPYV	New	SPDR SERIES TRUSTprtflo s&p500 vl	$14,253,000	–	464,888	–	2.24%	–
IWF	New	ISHARES TRrus 1000 grw etf	$12,662,000	–	92,354	–	2.00%	–
IWD	New	ISHARES TRrus 1000 val etf	$12,477,000	–	102,136	–	1.96%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$11,815,000	–	148,720	–	1.86%	–
IAU	New	ISHARES GOLD TRUSTishares	$11,802,000	–	896,494	–	1.86%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$11,220,000	–	233,234	–	1.77%	–
ECON	New	COLUMBIA ETF TR IIemrg markets etf	$10,733,000	–	412,212	–	1.69%	–
EZU	New	ISHARES INCmsci eurzone etf	$9,849,000	–	227,200	–	1.55%	–
SCZ	New	ISHARES TReafe sml cp etf	$7,803,000	–	121,122	–	1.23%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$7,686,000	–	926,682	–	1.21%	–
TDTF	New	FLEXSHARES TRiboxx 5yr trgt	$7,076,000	–	282,504	–	1.12%	–
AMLP	New	ALPS ETF TRalerian mlp	$5,791,000	–	724,065	–	0.91%	–
MA	New	MASTERCARD INCcl a	$5,422,000	–	30,955	–	0.85%	–
HDV	New	ISHARES TRcore high dv etf	$4,514,000	–	51,894	–	0.71%	–
AGG	New	ISHARES TRcore us aggbd et	$3,784,000	–	35,157	–	0.60%	–
IVE	New	ISHARES TRs&p 500 val etf	$3,667,000	–	32,094	–	0.58%	–
FLRN	New	SPDR SERIES TRUSTblomberg brc inv	$3,603,000	–	117,068	–	0.57%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$3,463,000	–	20,425	–	0.55%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$2,871,000	–	38,039	–	0.45%	–
KBWB	New	INVESCO EXCHNG TRADED FD TRkbw bk etf	$2,666,000	–	48,242	–	0.42%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,393,000	–	8	–	0.38%	–
SPIB	New	SPDR SERIES TRUSTportfolio intrmd	$2,364,000	–	69,287	–	0.37%	–
HYS	New	PIMCO ETF TR0-5 high yield	$2,351,000	–	23,595	–	0.37%	–
PFF	New	ISHARES TRpfd and incm sec	$1,925,000	–	51,255	–	0.30%	–
SMMV	New	ISHARES TRedge msci minm	$1,712,000	–	51,450	–	0.27%	–
FLOT	New	ISHARES TRfltg rate nt etf	$1,595,000	–	31,316	–	0.25%	–
TDIV	New	FIRST TR EXCHANGE TRADED FDnasd tech div	$1,564,000	–	34,940	–	0.25%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,224,000	–	6,134	–	0.19%	–
TIP	New	ISHARES TRtips bd etf	$1,219,000	–	10,782	–	0.19%	–
GSY	New	INVESCO ACTIVELY MANAGD ETFultra shrt dur	$1,105,000	–	21,917	–	0.17%	–
VIG	New	VANGUARD GROUPdiv app etf	$1,089,000	–	10,778	–	0.17%	–
IDV	New	ISHARES TRintl sel div etf	$1,063,000	–	32,140	–	0.17%	–
MTB	New	M & T BK CORP	$1,047,000	–	5,680	–	0.16%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,049,000	–	26,152	–	0.16%	–
EWZS	New	ISHARES TRbrazil sm-cp etf	$1,032,000	–	57,835	–	0.16%	–
OCUL	New	OCULAR THERAPEUTIX INC	$957,000	–	146,946	–	0.15%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$917,000	–	16,478	–	0.14%	–
TJX	New	TJX COS INC NEW	$906,000	–	11,112	–	0.14%	–
BSX	New	BOSTON SCIENTIFIC CORP	$868,000	–	31,786	–	0.14%	–
SPSB	New	SPDR SERIES TRUSTportfolio short	$793,000	–	26,250	–	0.12%	–
GOOG	New	ALPHABET INCcap stk cl c	$792,000	–	768	–	0.12%	–
VRP	New	INVESCO EXCHNG TRADED FD TRvar rate pfd	$781,000	–	30,018	–	0.12%	–
FAST	New	FASTENAL CO	$693,000	–	12,700	–	0.11%	–
MHK	New	MOHAWK INDS INC	$663,000	–	2,853	–	0.10%	–
EFA	New	ISHARES TRmsci eafe etf	$662,000	–	9,504	–	0.10%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$639,000	–	12,239	–	0.10%	–
BSCM	New	INVESCO EXCH TRD SLF IDX FD	$632,000	–	2,306	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$629,000	–	4,102	–	0.10%	–
GOOGL	New	ALPHABET INCcap stk cl a	$578,000	–	557	–	0.09%	–
IGIB	New	ISHARES TRintrm tr crp etf	$549,000	–	5,120	–	0.09%	–
JNJ	New	JOHNSON & JOHNSON	$489,000	–	3,814	–	0.08%	–
MSFT	New	MICROSOFT CORP	$467,000	–	5,121	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$402,000	–	29,805	–	0.06%	–
AAPL	New	APPLE INC	$374,000	–	2,231	–	0.06%	–
ACWX	New	ISHARES TRmsci acwi ex us	$370,000	–	7,448	–	0.06%	–
GS	New	GOLDMAN SACHS GROUP INC	$370,000	–	1,471	–	0.06%	–
RVNC	New	REVANCE THERAPEUTICS INC	$348,000	–	11,312	–	0.06%	–
COST	New	COSTCO WHSL CORP NEW	$342,000	–	1,816	–	0.05%	–
WAT	New	WATERS CORP	$330,000	–	1,663	–	0.05%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$333,000	–	1,347	–	0.05%	–
XOM	New	EXXON MOBIL CORP	$324,000	–	4,338	–	0.05%	–
AXP	New	AMERICAN EXPRESS CO	$318,000	–	3,405	–	0.05%	–
EEM	New	ISHARES TRmsci emg mkt etf	$310,000	–	6,427	–	0.05%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$305,000	–	1,975	–	0.05%	–
GLD	New	SPDR GOLD TRUST	$297,000	–	2,365	–	0.05%	–
DHR	New	DANAHER CORPORATION	$294,000	–	3,000	–	0.05%	–
XRAY	New	DENTSPLY SIRONA INC	$278,000	–	5,529	–	0.04%	–
VLUE	New	ISHARES TRedge msci usa vl	$279,000	–	3,400	–	0.04%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$258,000	–	4,260	–	0.04%	–
STIP	New	ISHARES TR0-5 yr tips etf	$254,000	–	2,533	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$255,000	–	5,331	–	0.04%	–
AMGN	New	AMGEN INC	$248,000	–	1,120	–	0.04%	–
BAC	New	BANK AMER CORP	$243,000	–	8,109	–	0.04%	–
SJNK	New	SPDR SERIES TRUSTbloomberg srt tr	$242,000	–	9,000	–	0.04%	–
NEAR	New	ISHARES US ETF TRsht mat bd etf	$216,000	–	4,300	–	0.03%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$201,000	–	3,175	–	0.03%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	PROSPECT CAPITAL CORPORATIONnote 4.750% 4/1	$0	–	-10,000	–	-0.00%	–
MN	Exit	MANNING & NAPIER INCcl a	$0	–	-11,000	–	-0.01%	–
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-15,935	–	-0.01%	–
IBDB	Exit	ISHARES TRibonds mar18 etf	$0	–	-7,922	–	-0.03%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-2,249	–	-0.03%	–
KO	Exit	COCA COLA CO	$0	–	-4,512	–	-0.03%	–
NEAR	Exit	ISHARES U S ETF TRsht mat bd etf	$0	–	-4,300	–	-0.03%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-2,985	–	-0.03%	–
PFE	Exit	PFIZER INC	$0	–	-6,264	–	-0.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,575	–	-0.03%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-4,265	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,020	–	-0.04%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-3,071	–	-0.04%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,208	–	-0.04%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,694	–	-0.04%	–
VLUE	Exit	ISHARES TRedge msci usa vl	$0	–	-3,695	–	-0.04%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-6,377	–	-0.04%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,347	–	-0.04%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-2,029	–	-0.04%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,020	–	-0.04%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-2,725	–	-0.04%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,064	–	-0.04%	–
IGSB	Exit	ISHARES TR1 3 yr cr bd etf	$0	–	-2,860	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-11,312	–	-0.04%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-3,405	–	-0.04%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,526	–	-0.05%	–
AMGN	Exit	AMGEN INC	$0	–	-1,731	–	-0.05%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-7,934	–	-0.05%	–
BA	Exit	BOEING CO	$0	–	-1,400	–	-0.05%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-7,230	–	-0.05%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,237	–	-0.05%	–
HYD	Exit	VANECK VECTORS ETF TRhigh yld mun etf	$0	–	-11,845	–	-0.05%	–
WAT	Exit	WATERS CORP	$0	–	-2,163	–	-0.06%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-6,529	–	-0.06%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,656	–	-0.06%	–
MMM	Exit	3M CO	$0	–	-1,997	–	-0.06%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,807	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,610	–	-0.06%	–
SMMV	Exit	ISHARES TRedge msci minm	$0	–	-16,500	–	-0.07%	–
AAPL	Exit	APPLE INC	$0	–	-3,408	–	-0.07%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-547	–	-0.08%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-12,239	–	-0.08%	–
IGIB	Exit	ISHARES TRintrmd cr bd etf	$0	–	-5,217	–	-0.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,464	–	-0.09%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-24,391	–	-0.10%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-2,853	–	-0.10%	–
FAST	Exit	FASTENAL CO	$0	–	-15,700	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-32,481	–	-0.11%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-824	–	-0.11%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-11,909	–	-0.12%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-8,932	–	-0.12%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-39,483	–	-0.12%	–
TJX	Exit	TJX COS INC NEW	$0	–	-12,112	–	-0.13%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-144,446	–	-0.13%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-80,403	–	-0.13%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-31,786	–	-0.13%	–
MTB	Exit	M & T BK CORP	$0	–	-5,925	–	-0.14%	–
SPSB	Exit	SPDR SERIES TRUSTblomberg brc srt	$0	–	-32,375	–	-0.14%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-11,158	–	-0.15%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-21,336	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,598	–	-0.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,268	–	-0.16%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-10,792	–	-0.17%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,550	–	-0.18%	–
IDV	Exit	ISHARES TRintl sel div etf	$0	–	-39,671	–	-0.19%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-34,243	–	-0.20%	–
BSCL	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$0	–	-80,164	–	-0.24%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-81,072	–	-0.24%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.31%	–
SPIB	Exit	SPDR SERIES TRUSTblombrg brc intr	$0	–	-69,502	–	-0.34%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-71,773	–	-0.39%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-37,040	–	-0.44%	–
BSJH	Exit	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$0	–	-121,384	–	-0.44%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-33,890	–	-0.49%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-65,022	–	-0.57%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-32,000	–	-0.64%	–
VRP	Exit	POWERSHARES ETF TR IIvar rate pfd por	$0	–	-230,303	–	-0.85%	–
TDTF	Exit	FLEXSHARES TRiboxx 5yr trgt	$0	–	-289,246	–	-1.02%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-68,960	–	-1.07%	–
USDU	Exit	WISDOMTREE TRblmbg us bull	$0	–	-296,952	–	-1.08%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-98,839	–	-1.20%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-68,446	–	-1.39%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-184,682	–	-1.44%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-95,890	–	-1.46%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-875,921	–	-1.52%	–
ECON	Exit	COLUMBIA ETF TR IIemrg markets etf	$0	–	-420,889	–	-1.64%	–
PKB	Exit	POWERSHARES ETF TRUSTdyn bldg cnstr	$0	–	-370,656	–	-1.64%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSint-term gov	$0	–	-189,699	–	-1.74%	–
BSJI	Exit	CLAYMORE EXCHANGE TRD FD TRgug blt2018 hy	$0	–	-484,314	–	-1.74%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-283,292	–	-1.74%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-169,602	–	-1.92%	–
KBWB	Exit	POWERSHARES ETF TR IIkbw bk port	$0	–	-274,216	–	-1.99%	–
MLPA	Exit	GLOBAL X FDSglbl x mlp etf	$0	–	-1,410,510	–	-2.05%	–
EFV	Exit	ISHARES TReafe value etf	$0	–	-267,946	–	-2.07%	–
BSCM	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$0	–	-685,844	–	-2.08%	–
EEMV	Exit	ISHARES INCmin vol emrg mkt	$0	–	-268,605	–	-2.21%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-298,442	–	-2.28%	–
GSY	Exit	CLAYMORE EXCHANGE TRD FD TRgugg ultr sh dur	$0	–	-342,797	–	-2.44%	–
SRLN	Exit	SSGA ACTIVE ETF TRblkstn gsosrln	$0	–	-366,341	–	-2.46%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-158,090	–	-2.65%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-158,731	–	-2.81%	–
JPIN	Exit	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$0	–	-492,783	–	-4.04%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-594,296	–	-4.14%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-422,755	–	-4.44%	–
JPUS	Exit	J P MORGAN EXCHANGE TRADED Fjpmorgan diver	$0	–	-486,559	–	-4.63%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-682,862	–	-4.86%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-141,019	–	-5.04%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-521,208	–	-5.24%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-207,922	–	-5.26%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-965,175	–	-8.76%	–

Q3 2017

			Value		Shares		↓ Weighting
IEFA	Buy	ISHARES TRcore msci eafe	$61,923,000	+6.6%	965,175	+1.2%	8.76%	+2.4%
IJH	Buy	ISHARES TRcore s&p mcp etf	$37,197,000	+4.3%	207,922	+1.4%	5.26%	+0.2%
EFAV	Buy	ISHARES TRmin vol eafe etf	$37,037,000	+4.2%	521,208	+1.6%	5.24%	+0.1%
IVV	Sell	ISHARES TRcore s&p500 etf	$35,668,000	+3.7%	141,019	-0.2%	5.04%	-0.4%
USMV	Buy	ISHARES TRmin vol usa etf	$34,375,000	+3.9%	682,862	+1.0%	4.86%	-0.2%
JPUS	Sell	J P MORGAN EXCHANGE TRADED Fjpmorgan diver	$32,741,000	-1.7%	486,559	-4.6%	4.63%	-5.6%
IJR	Buy	ISHARES TRcore s&p scp etf	$31,377,000	+7.8%	422,755	+1.8%	4.44%	+3.5%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$29,281,000	+1.6%	594,296	+1.5%	4.14%	-2.4%
JPIN	Buy	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$28,537,000	+5.3%	492,783	+2.1%	4.04%	+1.1%
IWF	Sell	ISHARES TRrus 1000 grw etf	$19,851,000	+3.5%	158,731	-1.5%	2.81%	-0.6%
IWD	Sell	ISHARES TRrus 1000 val etf	$18,735,000	+0.6%	158,090	-1.2%	2.65%	-3.4%
SRLN	Buy	SSGA ACTIVE ETF TRblkstn gsosrln	$17,372,000	+2.8%	366,341	+2.8%	2.46%	-1.2%
GSY	Buy	CLAYMORE EXCHANGE TRD FD TRgugg ultr sh dur	$17,267,000	+8.5%	342,797	+8.3%	2.44%	+4.1%
IEMG	Buy	ISHARES INCcore msci emkt	$16,122,000	+10.2%	298,442	+2.1%	2.28%	+5.8%
EEMV	Buy	ISHARES INCmin vol emrg mkt	$15,606,000	+6.7%	268,605	+1.7%	2.21%	+2.5%
BSCM	Buy	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$14,684,000	+3.4%	685,844	+3.0%	2.08%	-0.7%
EFV	Buy	ISHARES TReafe value etf	$14,630,000	+8.5%	267,946	+2.7%	2.07%	+4.2%
MLPA	Buy	GLOBAL X FDSglbl x mlp etf	$14,514,000	+0.5%	1,410,510	+6.7%	2.05%	-3.4%
KBWB	Buy	POWERSHARES ETF TR IIkbw bk port	$14,040,000	+9.7%	274,216	+5.8%	1.99%	+5.4%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$13,538,000	+2.3%	169,602	+2.3%	1.92%	-1.8%
EZU	Buy	ISHARES INCmsci eurzone etf	$12,272,000	+110.6%	283,292	+96.0%	1.74%	+102.3%
BSJI	Buy	CLAYMORE EXCHANGE TRD FD TRgug blt2018 hy	$12,268,000	+3.1%	484,314	+3.3%	1.74%	-1.0%
VGIT	Buy	VANGUARD SCOTTSDALE FDSint-term gov	$12,266,000	+1.1%	189,699	+1.1%	1.74%	-2.9%
PKB	Buy	POWERSHARES ETF TRUSTdyn bldg cnstr	$11,613,000	+8.7%	370,656	+3.6%	1.64%	+4.4%
ECON	Buy	COLUMBIA ETF TR IIemrg markets etf	$11,591,000	+7.4%	420,889	+1.9%	1.64%	+3.1%
IAU	Buy	ISHARES GOLD TRUSTishares	$10,783,000	+4.7%	875,921	+1.5%	1.52%	+0.5%
IVE	Buy	ISHARES TRs&p 500 val etf	$10,348,000	+10.1%	95,890	+7.1%	1.46%	+5.7%
CBU	Buy	COMMUNITY BK SYS INC	$10,204,000	+36.2%	184,682	+37.5%	1.44%	+30.8%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$9,817,000	+9.7%	68,446	+4.7%	1.39%	+5.3%
HDV	Sell	ISHARES TRcore high dv etf	$8,495,000	-13.4%	98,839	-16.2%	1.20%	-16.9%
USDU	Sell	WISDOMTREE TRblmbg us bull	$7,673,000	-34.4%	296,952	-33.3%	1.08%	-37.0%
AGG	Buy	ISHARES TRcore us aggbd et	$7,557,000	+1.6%	68,960	+1.5%	1.07%	-2.5%
TDTF	Buy	FLEXSHARES TRiboxx 5yr trgt	$7,234,000	+2.7%	289,246	+2.5%	1.02%	-1.4%
VRP	Buy	POWERSHARES ETF TR IIvar rate pfd por	$5,999,000	+16.0%	230,303	+16.5%	0.85%	+11.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$4,518,000	+11.0%	32,000	-4.5%	0.64%	+6.7%
SCZ	Buy	ISHARES TReafe sml cp etf	$4,031,000	+9.9%	65,022	+2.5%	0.57%	+5.6%
HYS	Sell	PIMCO ETF TR0-5 high yield	$3,441,000	-27.7%	33,890	-27.9%	0.49%	-30.5%
BSJH	Sell	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$3,121,000	-6.4%	121,384	-6.4%	0.44%	-10.2%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$3,078,000	+2.0%	37,040	+2.2%	0.44%	-2.0%
PFF	Sell	ISHARES TRs&p us pfd stk	$2,786,000	-5.8%	71,773	-4.9%	0.39%	-9.4%
SPIB	Buy	SPDR SERIES TRUSTblombrg brc intr	$2,399,000	+6.1%	69,502	+5.7%	0.34%	+1.8%
BSCJ	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,723,000	+5.2%	81,072	+5.2%	0.24%	+1.2%
BSCL	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$1,712,000	–	80,164	–	0.24%	–
DWX	Sell	SPDR INDEX SHS FDSs&p intl etf	$1,383,000	+2.5%	34,243	-0.7%	0.20%	-1.5%
IDV	Buy	ISHARES TRintl sel div etf	$1,339,000	+5.4%	39,671	+2.1%	0.19%	+1.1%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,279,000	+0.2%	10,550	-0.3%	0.18%	-3.7%
TIP	Sell	ISHARES TRtips bd etf	$1,226,000	+0.1%	10,792	-0.1%	0.17%	-3.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$1,149,000	+9.0%	6,268	+0.7%	0.16%	+5.2%
JNJ	Buy	JOHNSON & JOHNSON	$1,118,000	+27.2%	8,598	+29.5%	0.16%	+22.5%
FLOT	Sell	ISHARES TRfltg rate nt etf	$1,087,000	0.0%	21,336	-0.1%	0.15%	-3.8%
VIG	Sell	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,058,000	+1.0%	11,158	-1.3%	0.15%	-2.6%
MTB	Sell	M & T BK CORP	$954,000	-14.9%	5,925	-14.4%	0.14%	-18.2%
AMLP	Buy	ALPS ETF TRalerian mlp	$902,000	-6.1%	80,403	+0.1%	0.13%	-9.9%
TJX	Sell	TJX COS INC NEW	$893,000	-23.2%	12,112	-24.8%	0.13%	-26.3%
BSCI	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$837,000	+8.6%	39,483	+8.8%	0.12%	+3.5%
PG	Buy	PROCTER AND GAMBLE CO	$813,000	+66.9%	8,932	+59.7%	0.12%	+59.7%
EFA	Buy	ISHARES TRmsci eafe etf	$816,000	+17.1%	11,909	+11.4%	0.12%	+11.7%
GOOG	Buy	ALPHABET INCcap stk cl c	$790,000	+7.8%	824	+2.1%	0.11%	+3.7%
GE	Sell	GENERAL ELECTRIC CO	$785,000	-15.0%	32,481	-5.1%	0.11%	-18.4%
SJNK	Sell	SPDR SER TRbloomberg srt tr	$682,000	-1.3%	24,391	-1.3%	0.10%	-5.9%
IGIB	Buy	ISHARES TRintrmd cr bd etf	$575,000	+4.7%	5,217	+4.2%	0.08%	0.0%
AAPL	Sell	APPLE INC	$525,000	-4.7%	3,408	-10.9%	0.07%	-8.6%
SMMV	Buy	ISHARES TRedge msci minm	$467,000	+69.8%	16,500	+65.0%	0.07%	+61.0%
XOM	Buy	EXXON MOBIL CORP	$460,000	+2.7%	5,610	+1.2%	0.06%	-1.5%
MSFT	Buy	MICROSOFT CORP	$433,000	+16.4%	5,807	+7.6%	0.06%	+10.9%
MMM	Buy	3M CO	$419,000	+3.7%	1,997	+2.8%	0.06%	-1.7%
HYD	Buy	VANECK VECTORS ETF TRhigh yld mun etf	$371,000	+24.5%	11,845	+23.0%	0.05%	+18.2%
COST	Buy	COSTCO WHSL CORP NEW	$368,000	+7.0%	2,237	+4.0%	0.05%	+2.0%
ACWX	Sell	ISHARES TRmsci acwi ex us	$350,000	+5.4%	7,230	-0.7%	0.05%	+2.0%
VEA	Buy	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$344,000	+55.7%	7,934	+48.2%	0.05%	+48.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$323,000	+12.5%	6,526	+1.6%	0.05%	+9.5%
AMGN	Buy	AMGEN INC	$323,000	+42.3%	1,731	+31.1%	0.05%	+39.4%
RVNC	Sell	REVANCE THERAPEUTICS INC	$312,000	-11.1%	11,312	-15.0%	0.04%	-15.4%
MUB	Buy	ISHARES TRnational mun etf	$302,000	+1.3%	2,725	+0.7%	0.04%	-2.3%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$297,000	+2.1%	2,020	-1.2%	0.04%	-2.3%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$295,000	-31.9%	2,029	-35.4%	0.04%	-34.4%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$290,000	-31.1%	1,347	-30.0%	0.04%	-33.9%
VLUE	Sell	ISHARES TRedge msci usa vl	$286,000	-77.9%	3,695	-79.0%	0.04%	-79.1%
EEM	Buy	ISHARES TRmsci emg mkt etf	$286,000	+11.3%	6,377	+2.7%	0.04%	+5.3%
HD	Sell	HOME DEPOT INC	$277,000	+4.5%	1,694	-2.1%	0.04%	0.0%
DHR	Buy	DANAHER CORP DEL	$263,000	+4.0%	3,071	+2.4%	0.04%	0.0%
IYY	Sell	ISHARES TRdow jones us etf	$255,000	+1.6%	2,020	-2.4%	0.04%	-2.7%
ITOT	Sell	ISHARES TRcore s&p ttl stk	$246,000	+1.7%	4,265	-2.3%	0.04%	-2.8%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$228,000	-9.2%	3,575	-20.6%	0.03%	-13.5%
PFE	New	PFIZER INC	$224,000	–	6,264	–	0.03%	–
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$205,000	-11.3%	2,249	-13.5%	0.03%	-14.7%
MN	New	MANNING & NAPIER INCcl a	$43,000	–	11,000	–	0.01%	–
	New	PROSPECT CAPITAL CORPORATIONnote 4.750% 4/1	$10,000	–	10,000	–	0.00%	–
EME	Exit	EMCOR GROUP INC	$0	–	-3,348	–	-0.03%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-2,602	–	-0.04%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,013	–	-0.04%	–
UUP	Exit	POWERSHS DB US DOLLAR INDEXdoll indx bull	$0	–	-15,000	–	-0.06%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-8,065	–	-0.06%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-24,067	–	-0.33%	–

Q2 2017

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$58,090,000	–	954,009	–	8.56%	–
IJH	New	ISHARES TRcore s&p mcp etf	$35,661,000	–	205,009	–	5.25%	–
EFAV	New	ISHARES TRmin vol eafe etf	$35,534,000	–	513,195	–	5.23%	–
IVV	New	ISHARES TRcore s&p500 etf	$34,397,000	–	141,313	–	5.07%	–
JPUS	New	J P MORGAN EXCHANGE TRADED Fjpmorgan diver	$33,296,000	–	509,795	–	4.90%	–
USMV	New	ISHARES TRmin vol usa etf	$33,072,000	–	675,895	–	4.87%	–
IJR	New	ISHARES TRcore s&p scp etf	$29,114,000	–	415,257	–	4.29%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$28,816,000	–	585,564	–	4.24%	–
JPIN	New	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$27,108,000	–	482,613	–	3.99%	–
IWF	New	ISHARES TRrus 1000 grw etf	$19,179,000	–	161,144	–	2.82%	–
IWD	New	ISHARES TRrus 1000 val etf	$18,626,000	–	159,973	–	2.74%	–
SRLN	New	SSGA ACTIVE ETF TRblkstn gsosrln	$16,894,000	–	356,196	–	2.49%	–
GSY	New	CLAYMORE EXCHANGE TRD FD TRgugg ultr sh dur	$15,920,000	–	316,502	–	2.34%	–
IEMG	New	ISHARES INCcore msci emkt	$14,633,000	–	292,421	–	2.16%	–
EEMV	New	ISHARESmin vol emrg mkt	$14,627,000	–	264,025	–	2.15%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$14,435,000	–	1,321,872	–	2.13%	–
BSCM	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$14,197,000	–	665,891	–	2.09%	–
EFV	New	ISHARES TReafe value etf	$13,483,000	–	260,789	–	1.99%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$13,239,000	–	165,793	–	1.95%	–
KBWB	New	POWERSHARES ETF TR IIkbw bk port	$12,793,000	–	259,277	–	1.88%	–
VGIT	New	VANGUARD SCOTTSDALE FDSint-term gov	$12,131,000	–	187,638	–	1.79%	–
BSJI	New	CLAYMORE EXCHANGE TRD FD TRgug blt2018 hy	$11,900,000	–	468,691	–	1.75%	–
USDU	New	WISDOMTREE TRblmbg us bull	$11,694,000	–	445,313	–	1.72%	–
ECON	New	COLUMBIA ETF TR IIemrg markets etf	$10,789,000	–	413,054	–	1.59%	–
PKB	New	POWERSHARES ETF TRUSTdyn bldg cnstr	$10,681,000	–	357,881	–	1.57%	–
IAU	New	ISHARES GOLD TRUSTishares	$10,300,000	–	862,650	–	1.52%	–
HDV	New	ISHARES TRcore high dv etf	$9,808,000	–	117,985	–	1.44%	–
IVE	New	ISHARES TRs&p 500 val etf	$9,402,000	–	89,573	–	1.38%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$8,948,000	–	65,388	–	1.32%	–
CBU	New	COMMUNITY BK SYS INC	$7,492,000	–	134,343	–	1.10%	–
AGG	New	ISHARES TRcore us aggbd et	$7,439,000	–	67,927	–	1.10%	–
TDTF	New	FLEXSHARES TRiboxx 5yr trgt	$7,042,000	–	282,151	–	1.04%	–
EZU	New	ISHARESmsci eurzone etf	$5,828,000	–	144,531	–	0.86%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$5,170,000	–	197,639	–	0.76%	–
HYS	New	PIMCO ETF TR0-5 high yield	$4,762,000	–	46,980	–	0.70%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,069,000	–	33,500	–	0.60%	–
SCZ	New	ISHARES TReafe sml cp etf	$3,669,000	–	63,425	–	0.54%	–
BSJH	New	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$3,335,000	–	129,665	–	0.49%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$3,017,000	–	36,245	–	0.44%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$2,956,000	–	75,473	–	0.44%	–
SPIB	New	SPDR SERIES TRUSTblombrg brc intr	$2,262,000	–	65,735	–	0.33%	–
DVY	New	ISHARES TRselect divid etf	$2,219,000	–	24,067	–	0.33%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,038,000	–	8	–	0.30%	–
BSCJ	New	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,638,000	–	77,064	–	0.24%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,349,000	–	34,472	–	0.20%	–
OCUL	New	OCULAR THERAPEUTIX INC	$1,339,000	–	144,446	–	0.20%	–
VLUE	New	ISHARES TRusa value factor	$1,296,000	–	17,616	–	0.19%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,276,000	–	10,585	–	0.19%	–
IDV	New	ISHARES TRintl sel div etf	$1,271,000	–	38,856	–	0.19%	–
TIP	New	ISHARES TRtips bd etf	$1,225,000	–	10,802	–	0.18%	–
TJX	New	TJX COS INC NEW	$1,163,000	–	16,112	–	0.17%	–
MTB	New	M & T BK CORP	$1,121,000	–	6,922	–	0.16%	–
FLOT	New	ISHARES TRfltg rate bd etf	$1,087,000	–	21,356	–	0.16%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,054,000	–	6,224	–	0.16%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,048,000	–	11,308	–	0.15%	–
SPSB	New	SPDR SERIES TRUSTblomberg brc srt	$992,000	–	32,375	–	0.15%	–
AMLP	New	ALPS ETF TRalerian mlp	$961,000	–	80,328	–	0.14%	–
GE	New	GENERAL ELECTRIC CO	$924,000	–	34,215	–	0.14%	–
BSX	New	BOSTON SCIENTIFIC CORP	$881,000	–	31,786	–	0.13%	–
JNJ	New	JOHNSON & JOHNSON	$879,000	–	6,641	–	0.13%	–
BSCI	New	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$771,000	–	36,303	–	0.11%	–
GOOG	New	ALPHABET INCcap stk cl c	$733,000	–	807	–	0.11%	–
EFA	New	ISHARES TRmsci eafe etf	$697,000	–	10,694	–	0.10%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$691,000	–	24,717	–	0.10%	–
MHK	New	MOHAWK INDS INC	$690,000	–	2,853	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$687,000	–	4,464	–	0.10%	–
FAST	New	FASTENAL CO	$683,000	–	15,700	–	0.10%	–
AAPL	New	APPLE INC	$551,000	–	3,824	–	0.08%	–
IGIB	New	ISHARES TRinterm cr bd etf	$549,000	–	5,005	–	0.08%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$526,000	–	12,239	–	0.08%	–
GOOGL	New	ALPHABET INCcap stk cl a	$509,000	–	547	–	0.08%	–
PG	New	PROCTER AND GAMBLE CO	$487,000	–	5,592	–	0.07%	–
XOM	New	EXXON MOBIL CORP	$448,000	–	5,546	–	0.07%	–
J	New	JACOBS ENGR GROUP INC DEL	$439,000	–	8,065	–	0.06%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$433,000	–	3,143	–	0.06%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$421,000	–	1,925	–	0.06%	–
XRAY	New	DENTSPLY SIRONA INC	$423,000	–	6,529	–	0.06%	–
MMM	New	3M CO	$404,000	–	1,942	–	0.06%	–
WAT	New	WATERS CORP	$398,000	–	2,163	–	0.06%	–
MSFT	New	MICROSOFT CORP	$372,000	–	5,399	–	0.06%	–
UUP	New	POWERSHS DB US DOLLAR INDEXdoll indx bull	$371,000	–	15,000	–	0.06%	–
GS	New	GOLDMAN SACHS GROUP INC	$367,000	–	1,656	–	0.05%	–
RVNC	New	REVANCE THERAPEUTICS INC	$351,000	–	13,312	–	0.05%	–
COST	New	COSTCO WHSL CORP NEW	$344,000	–	2,150	–	0.05%	–
ACWX	New	ISHARES TRmsci acwi ex us	$332,000	–	7,280	–	0.05%	–
DIS	New	DISNEY WALT CO	$326,000	–	3,064	–	0.05%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$298,000	–	9,630	–	0.04%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$301,000	–	2,860	–	0.04%	–
MUB	New	ISHARES TRnational mun etf	$298,000	–	2,705	–	0.04%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$291,000	–	2,045	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$287,000	–	6,425	–	0.04%	–
AXP	New	AMERICAN EXPRESS CO	$287,000	–	3,405	–	0.04%	–
BA	New	BOEING CO	$277,000	–	1,400	–	0.04%	–
SMMV	New	ISHARES TRedge msci minm	$275,000	–	10,000	–	0.04%	–
HD	New	HOME DEPOT INC	$265,000	–	1,730	–	0.04%	–
GLD	New	SPDR GOLD TRUST	$261,000	–	2,208	–	0.04%	–
EEM	New	ISHARES TRmsci emg mkt etf	$257,000	–	6,212	–	0.04%	–
IYY	New	ISHARES TRdow jones us etf	$251,000	–	2,070	–	0.04%	–
DHR	New	DANAHER CORP DEL	$253,000	–	3,000	–	0.04%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$251,000	–	4,500	–	0.04%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$242,000	–	4,365	–	0.04%	–
TIF	New	TIFFANY & CO NEW	$244,000	–	2,602	–	0.04%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$245,000	–	1,013	–	0.04%	–
OMC	New	OMNICOM GROUP INC	$247,000	–	2,985	–	0.04%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$231,000	–	2,599	–	0.03%	–
AMGN	New	AMGEN INC	$227,000	–	1,320	–	0.03%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$221,000	–	5,352	–	0.03%	–
NEAR	New	ISHARES U S ETF TRsht mat bd etf	$216,000	–	4,300	–	0.03%	–
EME	New	EMCOR GROUP INC	$219,000	–	3,348	–	0.03%	–
KO	New	COCA COLA CO	$202,000	–	4,512	–	0.03%	–
IBDB	New	ISHARES TRibonds mar18 etf	$203,000	–	7,922	–	0.03%	–
PDLI	New	PDL BIOPHARMA INC	$39,000	–	15,935	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-15,935	–	-0.01%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,160	–	-0.04%	–
T	Exit	AT&T INC	$0	–	-5,272	–	-0.04%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-2,978	–	-0.04%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-13,312	–	-0.04%	–
NEAR	Exit	ISHARES U S ETF TRsht mat bd etf	$0	–	-4,300	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,320	–	-0.04%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-4,415	–	-0.04%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-3,555	–	-0.04%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-1,822	–	-0.04%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-2,744	–	-0.04%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-6,212	–	-0.04%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-3,000	–	-0.04%	–
PX	Exit	PRAXAIR INC	$0	–	-1,981	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,250	–	-0.04%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,683	–	-0.04%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,656	–	-0.05%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,100	–	-0.05%	–
MMM	Exit	3M CO	$0	–	-1,564	–	-0.05%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,237	–	-0.05%	–
HYD	Exit	VANECK VECTORS ETF TRhigh yld mun etf	$0	–	-8,725	–	-0.05%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-8,936	–	-0.05%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-3,485	–	-0.05%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,337	–	-0.05%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,150	–	-0.06%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-783	–	-0.06%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-8,205	–	-0.06%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-3,066	–	-0.06%	–
WAT	Exit	WATERS CORP	$0	–	-2,163	–	-0.06%	–
KMX	Exit	CARMAX INC	$0	–	-6,591	–	-0.06%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,115	–	-0.06%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-7,207	–	-0.07%	–
UUP	Exit	POWERSHS DB US DOLLAR INDEXdoll indx bull	$0	–	-15,000	–	-0.07%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-10,481	–	-0.07%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-3,264	–	-0.07%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-4,764	–	-0.07%	–
IBDB	Exit	ISHARES TRibonds mar18 etf	$0	–	-15,818	–	-0.07%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-8,065	–	-0.07%	–
AAPL	Exit	APPLE INC	$0	–	-3,703	–	-0.07%	–
BCSPRACL	Exit	BARCLAYS BANK PLCsp adr 7.1%pf3	$0	–	-16,800	–	-0.08%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-547	–	-0.08%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-10,071	–	-0.08%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-7,529	–	-0.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,069	–	-0.08%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-14,739	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,847	–	-0.09%	–
REM	Exit	ISHARES TRmrg rl es cp etf	$0	–	-50,000	–	-0.09%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-4,880	–	-0.10%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-2,125	–	-0.10%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-807	–	-0.11%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,391	–	-0.11%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-3,353	–	-0.12%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,464	–	-0.13%	–
FAST	Exit	FASTENAL CO	$0	–	-17,700	–	-0.13%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-31,786	–	-0.13%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-36,520	–	-0.14%	–
SJNK	Exit	SPDR SER TRsht trm hgh yld	$0	–	-28,594	–	-0.14%	–
IGIB	Exit	ISHARES TRinterm cr bd etf	$0	–	-7,505	–	-0.15%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-14,589	–	-0.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-6,674	–	-0.17%	–
MTB	Exit	M & T BK CORP	$0	–	-8,552	–	-0.18%	–
SPSB	Exit	SPDR SERIES TRUSTbarc sht tr cp	$0	–	-34,475	–	-0.19%	–
IDV	Exit	ISHARES TRintl sel div etf	$0	–	-35,587	–	-0.19%	–
FLOT	Exit	ISHARES TRfltg rate bd etf	$0	–	-21,436	–	-0.19%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-13,466	–	-0.20%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-38,581	–	-0.20%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-33,965	–	-0.22%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-64,969	–	-0.22%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-12,169	–	-0.23%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-189,266	–	-0.23%	–
TJX	Exit	TJX COS INC NEW	$0	–	-18,112	–	-0.24%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-78,423	–	-0.30%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.31%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-21,280	–	-0.33%	–
SRLN	Exit	SSGA ACTIVE ETF TRblkstn gsosrln	$0	–	-41,913	–	-0.35%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-25,778	–	-0.39%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-34,227	–	-0.53%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-59,760	–	-0.56%	–
BSJH	Exit	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$0	–	-134,471	–	-0.62%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-82,727	–	-0.67%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-39,000	–	-0.70%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-162,528	–	-1.14%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-101,643	–	-1.30%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-60,312	–	-1.30%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-162,577	–	-1.38%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-85,456	–	-1.44%	–
SPIB	Exit	SPDR SERIES TRUSTintr trm corp bd	$0	–	-238,771	–	-1.48%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-182,168	–	-1.55%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-107,796	–	-1.62%	–
USDU	Exit	WISDOMTREE TRblmbg us bull	$0	–	-428,082	–	-1.99%	–
EEMV	Exit	ISHARESmin vol emrg mkt	$0	–	-232,130	–	-2.22%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-158,884	–	-2.28%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-162,643	–	-2.34%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-122,254	–	-2.44%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-1,120,767	–	-2.52%	–
BSCM	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$0	–	-762,147	–	-2.92%	–
JPIN	Exit	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$0	–	-329,235	–	-3.05%	–
VGIT	Exit	VANGUARD SCOTTSDALE FDSint-term gov	$0	–	-280,033	–	-3.31%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-160,593	–	-3.53%	–
HYS	Exit	PIMCO ETF TR0-5 high yield	$0	–	-217,471	–	-3.83%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-209,147	–	-3.91%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-215,208	–	-3.97%	–
JPUS	Exit	J P MORGAN EXCHANGE TRADED Fjpmorgan diver	$0	–	-449,096	–	-4.66%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-171,063	–	-4.69%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-566,104	–	-5.03%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-138,686	–	-5.34%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-669,103	–	-5.38%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-460,808	–	-5.52%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-868,317	–	-8.48%	–

Q3 2016

			Value		Shares		↓ Weighting
IEFA	Buy	ISHARES TRcore msci eafe	$47,879,000	+7.5%	868,317	+1.2%	8.48%	+3.1%
EFAV	Buy	ISHARES TRmin vol eafe etf	$31,169,000	+10.7%	460,808	+8.6%	5.52%	+6.1%
USMV	Sell	ISHARES TRmin vol usa etf	$30,397,000	-28.6%	669,103	-27.3%	5.38%	-31.5%
IVV	Sell	ISHARES TRcore s&p500 etf	$30,173,000	-3.3%	138,686	-6.5%	5.34%	-7.3%
TOTL	Sell	SSGA ACTIVE ETF TRspdr tr tactic	$28,413,000	+0.4%	566,104	-0.1%	5.03%	-3.7%
IJH	Sell	ISHARES TRcore s&p mcp etf	$26,465,000	+2.6%	171,063	-0.9%	4.69%	-1.6%
JPUS	New	J P MORGAN EXCHANGE TRADED Fjpmorgan diver	$26,281,000	–	449,096	–	4.66%	–
IWF	Sell	ISHARES TRrus 1000 grw etf	$22,418,000	-27.6%	215,208	-30.3%	3.97%	-30.6%
IWD	Sell	ISHARES TRrus 1000 val etf	$22,090,000	-19.1%	209,147	-21.0%	3.91%	-22.4%
HYS	Buy	PIMCO ETF TR0-5 high yield	$21,638,000	+3.4%	217,471	+0.6%	3.83%	-0.9%
IJR	Sell	ISHARES TRcore s&p scp etf	$19,938,000	+6.7%	160,593	-0.1%	3.53%	+2.3%
VGIT	Sell	VANGUARD SCOTTSDALE FDSint-term gov	$18,701,000	-1.4%	280,033	-0.8%	3.31%	-5.4%
JPIN	Buy	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$17,226,000	+25.5%	329,235	+18.7%	3.05%	+20.3%
BSCM	Sell	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$16,500,000	+0.1%	762,147	-0.4%	2.92%	-4.0%
AMLP	Buy	ALPS ETF TRalerian mlp	$14,223,000	+2.2%	1,120,767	+2.4%	2.52%	-2.1%
AGG	Buy	ISHARES TRcore us aggbd et	$13,744,000	+1.7%	122,254	+1.9%	2.44%	-2.4%
HDV	Sell	ISHARES TRcore high dv etf	$13,220,000	-1.9%	162,643	-0.8%	2.34%	-5.9%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$12,843,000	+1.5%	158,884	+1.8%	2.28%	-2.7%
EEMV	Buy	ISHARESmin vol emrg mkt	$12,549,000	+6.4%	232,130	+1.6%	2.22%	+2.1%
USDU	Buy	WISDOMTREE TRblmbg us bull	$11,220,000	+2.9%	428,082	+3.2%	1.99%	-1.3%
SHY	Sell	ISHARES TR1-3 yr tr bd etf	$9,167,000	-1.3%	107,796	-1.0%	1.62%	-5.4%
CBU	Sell	COMMUNITY BK SYS INC	$8,764,000	-13.7%	182,168	-26.3%	1.55%	-17.3%
SPIB	Buy	SPDR SERIES TRUSTintr trm corp bd	$8,336,000	+0.8%	238,771	+0.8%	1.48%	-3.3%
IVE	Sell	ISHARES TRs&p 500 val etf	$8,115,000	-9.0%	85,456	-11.0%	1.44%	-12.8%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$7,768,000	+5.5%	162,577	-4.2%	1.38%	+1.2%
IVW	Sell	ISHARES TRs&p 500 grwt etf	$7,338,000	-18.6%	60,312	-22.0%	1.30%	-22.0%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$7,329,000	-4.8%	101,643	-5.3%	1.30%	-8.7%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$6,420,000	+0.0%	162,528	+1.0%	1.14%	-4.1%
MA	New	MASTERCARD INCORPORATEDcl a	$3,969,000	–	39,000	–	0.70%	–
IEMG	Sell	ISHARES INCcore msci emkt	$3,773,000	+8.2%	82,727	-0.8%	0.67%	+3.7%
BSJH	Buy	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$3,484,000	+5.7%	134,471	+5.4%	0.62%	+1.3%
SCZ	Sell	ISHARES TReafe sml cp etf	$3,132,000	+7.5%	59,760	-1.0%	0.56%	+3.2%
HYG	Buy	ISHARES TRiboxx hi yd etf	$2,987,000	+3.4%	34,227	+0.4%	0.53%	-0.8%
DVY	Sell	ISHARES TRselect divid etf	$2,209,000	-7.7%	25,778	-8.1%	0.39%	-11.5%
SRLN	Buy	SSGA ACTIVE ETF TRblkstn gsosrln	$1,982,000	+81.8%	41,913	+79.8%	0.35%	+74.6%
BRKA	Buy	BERKSHIRE HATHAWAY INC DELcl a	$1,730,000	+697.2%	8	+700.0%	0.31%	+665.0%
BSCJ	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,678,000	+13.8%	78,423	+13.9%	0.30%	+9.2%
TJX	New	TJX COS INC NEW	$1,354,000	–	18,112	–	0.24%	–
IGSB	Sell	ISHARES TR1-3 yr cr bd etf	$1,287,000	-12.4%	12,169	-12.2%	0.23%	-16.2%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$1,254,000	-20.0%	64,969	-5.2%	0.22%	-23.2%
DWX	Buy	SPDR INDEX SHS FDSs&p intl etf	$1,250,000	+6.3%	33,965	+1.7%	0.22%	+1.8%
GE	Sell	GENERAL ELECTRIC CO	$1,143,000	-17.7%	38,581	-12.5%	0.20%	-21.1%
VIG	Sell	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,130,000	+0.6%	13,466	-0.2%	0.20%	-3.4%
IDV	Buy	ISHARES TRintl sel div etf	$1,067,000	+7.0%	35,587	+2.2%	0.19%	+2.7%
MTB	Buy	M & T BK CORP	$993,000	-1.8%	8,552	+0.0%	0.18%	-5.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$964,000	+235.9%	6,674	+236.2%	0.17%	+222.6%
EFA	Sell	ISHARES TRmsci eafe etf	$863,000	-0.2%	14,589	-5.8%	0.15%	-4.4%
SJNK	Sell	SPDR SER TRsht trm hgh yld	$792,000	+2.2%	28,594	-0.4%	0.14%	-2.1%
BSCI	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$779,000	+2.2%	36,520	+2.4%	0.14%	-2.1%
FAST	New	FASTENAL CO	$740,000	–	17,700	–	0.13%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$709,000	+7.1%	4,464	+2.3%	0.13%	+3.3%
MHK	New	MOHAWK INDS INC	$672,000	–	3,353	–	0.12%	–
JNJ	Sell	JOHNSON & JOHNSON	$637,000	-3.5%	5,391	-0.9%	0.11%	-7.4%
GOOG	New	ALPHABET INCcap stk cl c	$627,000	–	807	–	0.11%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$595,000	–	2,125	–	0.10%	–
MUB	Buy	ISHARES TRnational mun etf	$550,000	-0.2%	4,880	+0.9%	0.10%	-4.9%
XOM	Sell	EXXON MOBIL CORP	$510,000	-7.8%	5,847	-0.8%	0.09%	-11.8%
SCHW	New	SCHWAB CHARLES CORP NEW	$465,000	–	14,739	–	0.08%	–
PG	Sell	PROCTER AND GAMBLE CO	$455,000	-3.0%	5,069	-8.5%	0.08%	-6.9%
WFC	New	WELLS FARGO & CO NEW	$446,000	–	10,071	–	0.08%	–
XRAY	New	DENTSPLY SIRONA INC	$447,000	–	7,529	–	0.08%	–
GOOGL	New	ALPHABET INCcap stk cl a	$440,000	–	547	–	0.08%	–
BCSPRACL	Sell	BARCLAYS BANK PLCsp adr 7.1%pf3	$433,000	-2.5%	16,800	-2.6%	0.08%	-6.1%
AAPL	Buy	APPLE INC	$419,000	+20.4%	3,703	+1.8%	0.07%	+15.6%
J	New	JACOBS ENGR GROUP INC DEL	$417,000	–	8,065	–	0.07%	–
IBDB	Buy	ISHARES TRibonds mar18 etf	$407,000	-10.5%	15,818	+257.8%	0.07%	-14.3%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$401,000	-2.7%	4,764	-2.6%	0.07%	-6.6%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$388,000	-4.2%	3,264	-13.3%	0.07%	-8.0%
JNK	Buy	SPDR SERIES TRUSTbrc hgh yld bd	$385,000	+3.8%	10,481	+0.8%	0.07%	-1.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$375,000	-8.8%	7,207	-2.0%	0.07%	-13.2%
UUP	New	POWERSHS DB US DOLLAR INDEXdoll indx bull	$370,000	–	15,000	–	0.07%	–
MSFT	Sell	MICROSOFT CORP	$352,000	+8.6%	6,115	-3.4%	0.06%	+3.3%
KMX	New	CARMAX INC	$352,000	–	6,591	–	0.06%	–
WAT	New	WATERS CORP	$343,000	–	2,163	–	0.06%	–
MBB	Sell	ISHARES TRmbs etf	$338,000	-49.3%	3,066	-49.5%	0.06%	-51.2%
CMG	New	CHIPOTLE MEXICAN GRILL INC	$332,000	–	783	–	0.06%	–
COST	New	COSTCO WHSL CORP NEW	$328,000	–	2,150	–	0.06%	–
HD	Buy	HOME DEPOT INC	$301,000	+41.3%	2,337	+40.1%	0.05%	+35.9%
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$293,000	–	8,936	–	0.05%	–
OMC	New	OMNICOM GROUP INC	$296,000	–	3,485	–	0.05%	–
GLD	Sell	SPDR GOLD TRUST	$281,000	-1.1%	2,237	-0.4%	0.05%	-3.8%
MMM	Buy	3M CO	$276,000	+5.7%	1,564	+4.8%	0.05%	+2.1%
GS	New	GOLDMAN SACHS GROUP INC	$267,000	–	1,656	–	0.05%	–
IYY	Sell	ISHARES TRdow jones us etf	$244,000	-3.6%	2,250	-7.0%	0.04%	-8.5%
PX	New	PRAXAIR INC	$239,000	–	1,981	–	0.04%	–
DHR	New	DANAHER CORP DEL	$235,000	–	3,000	–	0.04%	–
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$231,000	-30.2%	2,744	-30.4%	0.04%	-32.8%
EEM	Sell	ISHARES TRmsci emg mkt etf	$233,000	-17.4%	6,212	-24.4%	0.04%	-21.2%
AXP	New	AMERICAN EXPRESS CO	$228,000	–	3,555	–	0.04%	–
AMGN	New	AMGEN INC	$220,000	–	1,320	–	0.04%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$219,000	–	4,415	–	0.04%	–
TIF	New	TIFFANY & CO NEW	$216,000	–	2,978	–	0.04%	–
RVNC	Sell	REVANCE THERAPEUTICS INC	$216,000	-2.7%	13,312	-18.4%	0.04%	-7.3%
T	Buy	AT&T INC	$214,000	-5.7%	5,272	+0.2%	0.04%	-9.5%
DIS	Sell	DISNEY WALT CO	$201,000	-8.2%	2,160	-3.4%	0.04%	-10.0%
TUR	Exit	ISHARESmsci turkey etf	$0	–	-6,255	–	-0.05%	–
DBEF	Exit	DBX ETF TRxtrak msci eafe	$0	–	-126,416	–	-0.58%	–

Q2 2016

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$44,535,000	–	858,253	–	8.23%	–
USMV	New	ISHARES TRmin vol usa etf	$42,550,000	–	920,794	–	7.86%	–
IVV	New	ISHARES TRcore s&p500 etf	$31,211,000	–	148,269	–	5.76%	–
IWF	New	ISHARES TRrus 1000 grw etf	$30,985,000	–	308,742	–	5.72%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$28,294,000	–	566,789	–	5.23%	–
EFAV	New	ISHARES TRmin vol eafe etf	$28,169,000	–	424,293	–	5.20%	–
IWD	New	ISHARES TRrus 1000 val etf	$27,314,000	–	264,596	–	5.04%	–
IJH	New	ISHARES TRcore s&p mcp etf	$25,797,000	–	172,680	–	4.76%	–
HYS	New	PIMCO ETF TR0-5 high yield	$20,928,000	–	216,108	–	3.87%	–
VGIT	New	VANGUARD SCOTTSDALE FDSint-term gov	$18,960,000	–	282,180	–	3.50%	–
IJR	New	ISHARES TRcore s&p scp etf	$18,687,000	–	160,805	–	3.45%	–
BSCM	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$16,487,000	–	765,410	–	3.04%	–
AMLP	New	ALPS ETF TRalerian mlp	$13,923,000	–	1,094,599	–	2.57%	–
JPIN	New	J P MORGAN EXCHANGE TRADED Fdiv rtn int eq	$13,727,000	–	277,418	–	2.54%	–
AGG	New	ISHARES TRcore us aggbd et	$13,511,000	–	119,971	–	2.50%	–
HDV	New	ISHARES TRcore high dv etf	$13,474,000	–	164,016	–	2.49%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$12,651,000	–	156,069	–	2.34%	–
EEMV	New	ISHARESmin vol emrg mkt	$11,789,000	–	228,509	–	2.18%	–
USDU	New	WISDOMTREE TRblmbg us bull	$10,899,000	–	414,726	–	2.01%	–
CBU	New	COMMUNITY BK SYS INC	$10,155,000	–	247,153	–	1.88%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$9,288,000	–	108,858	–	1.72%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$9,018,000	–	77,356	–	1.67%	–
IVE	New	ISHARES TRs&p 500 val etf	$8,916,000	–	95,979	–	1.65%	–
SPIB	New	SPDR SERIES TRUSTintr trm corp bd	$8,266,000	–	236,917	–	1.53%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$7,696,000	–	107,335	–	1.42%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$7,362,000	–	169,742	–	1.36%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$6,419,000	–	160,918	–	1.19%	–
IEMG	New	ISHARES INCcore msci emkt	$3,488,000	–	83,377	–	0.64%	–
BSJH	New	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$3,296,000	–	127,532	–	0.61%	–
DBEF	New	DBX ETF TRxtrak msci eafe	$3,159,000	–	126,416	–	0.58%	–
SCZ	New	ISHARES TReafe sml cp etf	$2,914,000	–	60,391	–	0.54%	–
HYG	New	ISHARES TRiboxx hi yd etf	$2,888,000	–	34,098	–	0.53%	–
DVY	New	ISHARES TRselect divid etf	$2,392,000	–	28,045	–	0.44%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$1,887,000	–	21,280	–	0.35%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,567,000	–	68,553	–	0.29%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$1,470,000	–	13,853	–	0.27%	–
BSCJ	New	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,475,000	–	68,843	–	0.27%	–
GE	New	GENERAL ELECTRIC CO	$1,388,000	–	44,097	–	0.26%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,176,000	–	33,404	–	0.22%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,123,000	–	13,492	–	0.21%	–
SRLN	New	SSGA ACTIVE ETF TRblkstn gsosrln	$1,090,000	–	23,315	–	0.20%	–
FLOT	New	ISHARES TRfltg rate bd etf	$1,085,000	–	21,436	–	0.20%	–
SPSB	New	SPDR SERIES TRUSTbarc sht tr cp	$1,061,000	–	34,475	–	0.20%	–
MTB	New	M & T BK CORP	$1,011,000	–	8,548	–	0.19%	–
IDV	New	ISHARES TRintl sel div etf	$997,000	–	34,820	–	0.18%	–
OCUL	New	OCULAR THERAPEUTIX INC	$937,000	–	189,266	–	0.17%	–
EFA	New	ISHARES TRmsci eafe etf	$865,000	–	15,494	–	0.16%	–
IGIB	New	ISHARES TRinterm cr bd etf	$835,000	–	7,505	–	0.15%	–
SJNK	New	SPDR SER TRsht trm hgh yld	$775,000	–	28,719	–	0.14%	–
BSCI	New	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$762,000	–	35,670	–	0.14%	–
BSX	New	BOSTON SCIENTIFIC CORP	$743,000	–	31,786	–	0.14%	–
MBB	New	ISHARES TRmbs etf	$667,000	–	6,066	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$660,000	–	5,441	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$662,000	–	4,364	–	0.12%	–
XOM	New	EXXON MOBIL CORP	$553,000	–	5,897	–	0.10%	–
MUB	New	ISHARES TRnational mun etf	$551,000	–	4,835	–	0.10%	–
REM	New	ISHARES TRmrg rl es cp etf	$513,000	–	50,000	–	0.10%	–
PG	New	PROCTER & GAMBLE CO	$469,000	–	5,539	–	0.09%	–
IBDB	New	ISHARES TRibonds mar18 etf	$455,000	–	4,421	–	0.08%	–
BCSPRACL	New	BARCLAYS BANK PLCsp adr 7.1%pf3	$444,000	–	17,250	–	0.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$411,000	–	7,354	–	0.08%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$412,000	–	4,890	–	0.08%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$405,000	–	3,764	–	0.08%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$371,000	–	10,401	–	0.07%	–
AAPL	New	APPLE INC	$348,000	–	3,638	–	0.06%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$344,000	–	4,683	–	0.06%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$331,000	–	3,944	–	0.06%	–
MSFT	New	MICROSOFT CORP	$324,000	–	6,330	–	0.06%	–
ACWX	New	ISHARES TRmsci acwi ex us	$320,000	–	8,205	–	0.06%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$287,000	–	1,985	–	0.05%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$282,000	–	8,725	–	0.05%	–
GLD	New	SPDR GOLD TRUST	$284,000	–	2,247	–	0.05%	–
EEM	New	ISHARES TRmsci emg mkt etf	$282,000	–	8,212	–	0.05%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$260,000	–	2,100	–	0.05%	–
MMM	New	3M CO	$261,000	–	1,492	–	0.05%	–
IYY	New	ISHARES TRdow jones us etf	$253,000	–	2,420	–	0.05%	–
TUR	New	ISHARESmsci turkey etf	$248,000	–	6,255	–	0.05%	–
T	New	AT&T INC	$227,000	–	5,259	–	0.04%	–
RVNC	New	REVANCE THERAPEUTICS INC	$222,000	–	16,312	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$224,000	–	1,822	–	0.04%	–
NEAR	New	ISHARES U S ETF TRsht mat bd etf	$216,000	–	4,300	–	0.04%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$217,000	–	1	–	0.04%	–
DIS	New	DISNEY WALT CO	$219,000	–	2,235	–	0.04%	–
HD	New	HOME DEPOT INC	$213,000	–	1,668	–	0.04%	–
PDLI	New	PDL BIOPHARMA INC	$50,000	–	15,935	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-15,935	–	-0.02%	–
BAC	Exit	BANK AMER CORP	$0	–	-11,635	–	-0.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,964	–	-0.04%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,270	–	-0.04%	–
TUR	Exit	ISHARESmsci turkey etf	$0	–	-6,330	–	-0.04%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,530	–	-0.04%	–
MMM	Exit	3M CO	$0	–	-1,692	–	-0.04%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,757	–	-0.04%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,943	–	-0.05%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,371	–	-0.05%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-3,575	–	-0.05%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,200	–	-0.05%	–
WIP	Exit	SPDR SERIES TRUSTdb int gvt etf	$0	–	-4,995	–	-0.05%	–
AAPL	Exit	APPLE INC	$0	–	-2,594	–	-0.05%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,867	–	-0.06%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-8,395	–	-0.06%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-11,374	–	-0.07%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-4,800	–	-0.07%	–
SURG	Exit	SYNERGETICS USA INC	$0	–	-67,500	–	-0.08%	–
BCSPRACL	Exit	BARCLAYS BANK PLCsp adr 7.1%pf3	$0	–	-17,550	–	-0.08%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-6,271	–	-0.08%	–
HYD	Exit	MARKET VECTORS ETF TRhg yld mun etf	$0	–	-14,975	–	-0.08%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,133	–	-0.09%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-14,630	–	-0.10%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-31,786	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-7,124	–	-0.10%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-18,328	–	-0.10%	–
IEF	Exit	ISHARES TR7-10 y tr bd etf	$0	–	-5,250	–	-0.10%	–
REM	Exit	ISHARES TRmrg rl es cp etf	$0	–	-60,000	–	-0.11%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,269	–	-0.11%	–
IBDB	Exit	ISHARES TR2018 cp tm etf	$0	–	-6,675	–	-0.12%	–
NEAR	Exit	ISHARES U S ETF TRsht mat bd etf	$0	–	-15,000	–	-0.14%	–
IGIB	Exit	ISHARES TRinterm cr bd etf	$0	–	-7,677	–	-0.15%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-9,830	–	-0.15%	–
BSCM	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$0	–	-44,919	–	-0.17%	–
MUB	Exit	ISHARES TRnat amt free bd	$0	–	-8,835	–	-0.18%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-16,950	–	-0.18%	–
MTB	Exit	M & T BK CORP	$0	–	-8,538	–	-0.19%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-9,399	–	-0.19%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-14,455	–	-0.19%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-42,400	–	-0.19%	–
FLOT	Exit	ISHARES TRfltg rate bd etf	$0	–	-22,016	–	-0.20%	–
SHM	Exit	SPDR SERIES TRUSTnuvn br sht muni	$0	–	-45,550	–	-0.20%	–
IDV	Exit	ISHARES TRintl sel div etf	$0	–	-41,633	–	-0.21%	–
XHB	Exit	SPDR SERIES TRUSTs&p homebuild	$0	–	-38,425	–	-0.24%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-39,222	–	-0.24%	–
UUP	Exit	POWERSHS DB US DOLLAR INDEXdoll indx bull	$0	–	-60,000	–	-0.27%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-14,102	–	-0.28%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-73,456	–	-0.28%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-24,436	–	-0.34%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-28,747	–	-0.38%	–
SPIB	Exit	SPDR SERIES TRUSTintr trm corp bd	$0	–	-63,597	–	-0.39%	–
BSJH	Exit	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$0	–	-98,053	–	-0.45%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-185,235	–	-0.47%	–
SDOG	Exit	ALPS ETF TRsectr div dogs	$0	–	-79,717	–	-0.49%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-61,640	–	-0.53%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-28,110	–	-0.54%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-36,432	–	-0.55%	–
DBEF	Exit	DBX ETF TRxtrak msci eafe	$0	–	-128,271	–	-0.61%	–
SPSB	Exit	SPDR SERIES TRUSTbarc sht tr cp	$0	–	-161,378	–	-0.89%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-78,600	–	-1.20%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-171,750	–	-1.20%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-176,429	–	-1.26%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-64,971	–	-1.27%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-110,948	–	-1.33%	–
DXJS	Exit	WISDOMTREE TRjpn scap hdg eqt	$0	–	-231,752	–	-1.40%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-220,910	–	-1.60%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-431,222	–	-1.77%	–
EEMV	Exit	ISHARESem mk minvol etf	$0	–	-214,622	–	-1.94%	–
PXF	Exit	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$0	–	-308,977	–	-2.00%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-171,359	–	-2.16%	–
DBJP	Exit	DBX ETF TRxtrak msci japn	$0	–	-330,298	–	-2.18%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-118,764	–	-2.36%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-1,086,004	–	-2.46%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-447,692	–	-3.02%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-829,746	–	-3.19%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-169,915	–	-3.28%	–
USDU	Exit	WISDOMTREE TRblmbg us bull	$0	–	-662,290	–	-3.46%	–
EFAV	Exit	ISHARES TReafe min vol etf	$0	–	-311,114	–	-3.52%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-149,812	–	-3.71%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-311,616	–	-4.54%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-277,314	–	-4.69%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-536,994	–	-4.82%	–
SJNK	Exit	SPDR SER TRsht trm hgh yld	$0	–	-1,027,332	–	-5.02%	–
USMV	Exit	ISHARES TRusa min vol etf	$0	–	-759,794	–	-5.45%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-158,305	–	-5.53%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-330,465	–	-5.57%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-910,048	–	-8.71%	–

Q3 2015

			Value		Shares		↓ Weighting
IEFA	Buy	ISHARES TRcore msci eafe	$48,060,000	-8.1%	910,048	+1.4%	8.71%	+1.2%
IWF	Sell	ISHARES TRrus 1000 grw etf	$30,733,000	-24.2%	330,465	-19.2%	5.57%	-16.5%
IVV	Sell	ISHARES TRcore s&p500 etf	$30,507,000	-11.6%	158,305	-5.0%	5.53%	-2.7%
USMV	Sell	ISHARES TRusa min vol etf	$30,080,000	-2.4%	759,794	-0.6%	5.45%	+7.5%
SJNK	Sell	SPDR SER TRsht trm hgh yld	$27,676,000	-7.2%	1,027,332	-0.4%	5.02%	+2.2%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$26,592,000	+1.0%	536,994	+1.0%	4.82%	+11.3%
IWD	Buy	ISHARES TRrus 1000 val etf	$25,868,000	-4.1%	277,314	+6.0%	4.69%	+5.7%
BSV	Buy	VANGUARD BD INDEX FD INCshort trm bond	$25,051,000	+383.9%	311,616	+382.6%	4.54%	+433.0%
IJH	Buy	ISHARES TRcore s&p mcp etf	$20,466,000	-8.6%	149,812	+0.4%	3.71%	+0.7%
EFAV	Buy	ISHARES TReafe min vol etf	$19,410,000	-3.4%	311,114	+1.1%	3.52%	+6.4%
USDU	Buy	WISDOMTREE TRblmbg us bull	$19,107,000	+3.0%	662,290	+0.1%	3.46%	+13.4%
IJR	Buy	ISHARES TRcore s&p scp etf	$18,108,000	-8.9%	169,915	+0.8%	3.28%	+0.4%
BSCI	Sell	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$17,603,000	-1.7%	829,746	-1.5%	3.19%	+8.2%
CBU	Buy	COMMUNITY BK SYS INC	$16,641,000	-1.6%	447,692	+0.0%	3.02%	+8.5%
AMLP	Buy	ALPS ETF TRalerian mlp	$13,553,000	+584.5%	1,086,004	+753.4%	2.46%	+653.7%
AGG	Buy	ISHARES TRcore us aggbd et	$13,014,000	+3.8%	118,764	+3.0%	2.36%	+14.4%
DBJP	Buy	DBX ETF TRxtrak msci japn	$12,043,000	-11.9%	330,298	+1.0%	2.18%	-2.9%
HDV	Buy	ISHARES TRcore high dv etf	$11,923,000	+42.1%	171,359	+50.3%	2.16%	+56.6%
PXF	Buy	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$11,043,000	-10.2%	308,977	+2.3%	2.00%	-1.0%
EEMV	Buy	ISHARESem mk minvol etf	$10,692,000	-12.3%	214,622	+1.5%	1.94%	-3.4%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$9,771,000	-6.6%	431,222	+0.5%	1.77%	+2.9%
IEMG	Sell	ISHARES INCcore msci emkt	$8,812,000	-61.3%	220,910	-53.4%	1.60%	-57.4%
DXJS	Buy	WISDOMTREE TRjpn scap hdg eqt	$7,703,000	+2.2%	231,752	+10.4%	1.40%	+12.6%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$7,348,000	-11.0%	110,948	-0.0%	1.33%	-2.0%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$7,004,000	-2.7%	64,971	+2.8%	1.27%	+7.2%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$6,969,000	-3.6%	176,429	+1.1%	1.26%	+6.2%
PFF	Sell	ISHARES TRu.s. pfd stk etf	$6,630,000	-1.8%	171,750	-0.3%	1.20%	+8.3%
IVE	Buy	ISHARES TRs&p 500 val etf	$6,605,000	+39.8%	78,600	+53.4%	1.20%	+54.1%
SPSB	Buy	SPDR SERIES TRUSTbarc sht tr cp	$4,925,000	+4.4%	161,378	+4.7%	0.89%	+15.1%
DBEF	Buy	DBX ETF TRxtrak msci eafe	$3,345,000	-7.1%	128,271	+1.9%	0.61%	+2.2%
HYG	Sell	ISHARES TRiboxx hi yd etf	$3,034,000	-7.1%	36,432	-0.9%	0.55%	+2.4%
IGSB	Sell	ISHARES TR1-3 yr cr bd etf	$2,955,000	-24.3%	28,110	-24.2%	0.54%	-16.5%
SCZ	Buy	ISHARES TReafe sml cp etf	$2,945,000	-5.6%	61,640	+0.8%	0.53%	+4.1%
SDOG	Buy	ALPS ETF TRsectr div dogs	$2,700,000	-4.6%	79,717	+3.2%	0.49%	+4.9%
OCUL	Buy	OCULAR THERAPEUTIX INC	$2,604,000	-28.0%	185,235	+7.7%	0.47%	-20.7%
BSJH	Buy	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$2,489,000	-3.7%	98,053	+0.2%	0.45%	+6.1%
SPIB	Buy	SPDR SERIES TRUSTintr trm corp bd	$2,159,000	+7.1%	63,597	+7.1%	0.39%	+17.8%
DVY	Sell	ISHARES TRselect divid etf	$2,091,000	-3.6%	28,747	-0.4%	0.38%	+6.2%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$1,846,000	-25.0%	24,436	-25.6%	0.34%	-17.3%
BSCJ	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,553,000	+1.3%	73,456	+0.9%	0.28%	+11.5%
MBB	Sell	ISHARES TRmbs etf	$1,546,000	-22.3%	14,102	-23.0%	0.28%	-14.4%
DWX	Sell	SPDR INDEX SHS FDSs&p intl etf	$1,332,000	-21.4%	39,222	-4.0%	0.24%	-13.6%
XHB	New	SPDR SERIES TRUSTs&p homebuild	$1,315,000	–	38,425	–	0.24%	–
IDV	Sell	ISHARES TRintl sel div etf	$1,171,000	-15.7%	41,633	-3.1%	0.21%	-7.4%
FLOT	New	ISHARES TRfltg rate bd etf	$1,111,000	–	22,016	–	0.20%	–
SHM	Sell	SPDR SERIES TRUSTnuvn br sht muni	$1,110,000	-9.3%	45,550	-9.9%	0.20%	0.0%
GE	Sell	GENERAL ELECTRIC CO	$1,069,000	-7.5%	42,400	-2.5%	0.19%	+2.1%
VIG	Sell	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,066,000	-11.5%	14,455	-5.7%	0.19%	-2.5%
TIP	Sell	ISHARES TRtips bd etf	$1,040,000	-13.3%	9,399	-12.4%	0.19%	-4.1%
MTB	Buy	M & T BK CORP	$1,041,000	-2.3%	8,538	+0.0%	0.19%	+8.0%
BSCM	Sell	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$926,000	-5.4%	44,919	-5.3%	0.17%	+4.3%
SHY	Sell	ISHARES TR1-3 yr tr bd etf	$835,000	-41.5%	9,830	-41.6%	0.15%	-35.7%
IGIB	Sell	ISHARES TRinterm cr bd etf	$834,000	-1.0%	7,677	-1.2%	0.15%	+8.6%
NEAR	Buy	ISHARES U S ETF TRsht mat bd etf	$751,000	+16.8%	15,000	+17.0%	0.14%	+28.3%
IBDB	Buy	ISHARES TR2018 cp tm etf	$687,000	+13.7%	6,675	+13.6%	0.12%	+26.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$619,000	-13.9%	4,269	-3.4%	0.11%	-5.1%
IEF	Sell	ISHARES TR7-10 y tr bd etf	$566,000	-19.7%	5,250	-22.2%	0.10%	-11.2%
XOM	Sell	EXXON MOBIL CORP	$530,000	-15.3%	7,124	-5.3%	0.10%	-6.8%
JNK	Sell	SPDR SERIES TRUSTbrc hgh yld bd	$522,000	-26.4%	14,630	-20.7%	0.10%	-18.8%
JNJ	Sell	JOHNSON & JOHNSON	$479,000	-7.9%	5,133	-3.8%	0.09%	+1.2%
HYD	Sell	MARKET VECTORS ETF TRhg yld mun etf	$458,000	-41.1%	14,975	-42.4%	0.08%	-35.2%
PG	Sell	PROCTER & GAMBLE CO	$451,000	-12.8%	6,271	-5.1%	0.08%	-3.5%
BCSPRACL	Sell	BARCLAYS BANK PLCsp adr 7.1%pf3	$449,000	-4.3%	17,550	-2.8%	0.08%	+5.2%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$393,000	-5.8%	4,800	-6.6%	0.07%	+2.9%
MSFT	Buy	MICROSOFT CORP	$304,000	+4.8%	6,867	+4.6%	0.06%	+14.6%
AAPL	Sell	APPLE INC	$286,000	-21.6%	2,594	-10.8%	0.05%	-13.3%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$258,000	-22.5%	3,575	-18.3%	0.05%	-14.5%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$259,000	-20.8%	4,371	-11.1%	0.05%	-13.0%
WIP	Sell	SPDR SERIES TRUSTdb int gvt etf	$260,000	-19.0%	4,995	-14.5%	0.05%	-11.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$253,000	-17.6%	1,943	-13.7%	0.05%	-9.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$250,000	-7.7%	5,757	-0.9%	0.04%	0.0%
TUR	Buy	ISHARESmsci turkey etf	$231,000	-10.8%	6,330	+10.5%	0.04%	-2.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$202,000	-16.9%	2,270	+3.4%	0.04%	-7.5%
BAC	Sell	BANK AMER CORP	$181,000	-31.4%	11,635	-24.9%	0.03%	-23.3%
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,605	–	-0.03%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,063	–	-0.03%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-2,032	–	-0.04%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-5,380	–	-0.04%	–
EDIV	Exit	SPDR INDEX SHS FDSs&p em mkt div	$0	–	-73,430	–	-0.40%	–
RPG	Exit	RYDEX ETF TRUSTgug s&p500 pu gr	$0	–	-81,361	–	-1.09%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-169,183	–	-2.09%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-372,016	–	-3.20%	–

Q2 2015

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$52,302,000	–	897,122	–	8.60%	–
IWF	New	ISHARES TRrus 1000 grw etf	$40,519,000	–	409,239	–	6.67%	–
IVV	New	ISHARES TRcore s&p500 etf	$34,523,000	–	166,555	–	5.68%	–
USMV	New	ISHARES TRusa min vol etf	$30,829,000	–	764,493	–	5.07%	–
SJNK	New	SPDR SER TRsht trm hgh yld	$29,831,000	–	1,031,853	–	4.91%	–
IWD	New	ISHARES TRrus 1000 val etf	$26,977,000	–	261,537	–	4.44%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$26,329,000	–	531,773	–	4.33%	–
IEMG	New	ISHARES INCcore msci emkt	$22,790,000	–	474,406	–	3.75%	–
IJH	New	ISHARES TRcore s&p mcp etf	$22,385,000	–	149,255	–	3.68%	–
EFAV	New	ISHARES TReafe min vol etf	$20,100,000	–	307,851	–	3.31%	–
IJR	New	ISHARES TRcore s&p scp etf	$19,872,000	–	168,577	–	3.27%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$19,482,000	–	372,016	–	3.20%	–
USDU	New	WISDOMTREE TRblmbg us bull	$18,558,000	–	661,362	–	3.05%	–
BSCI	New	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$17,915,000	–	842,675	–	2.95%	–
CBU	New	COMMUNITY BK SYS INC	$16,905,000	–	447,582	–	2.78%	–
DBJP	New	DBX ETF TRxtrak msci japn	$13,667,000	–	327,110	–	2.25%	–
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$12,716,000	–	169,183	–	2.09%	–
AGG	New	ISHARES TRcore us aggbd et	$12,535,000	–	115,303	–	2.06%	–
PXF	New	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$12,294,000	–	301,913	–	2.02%	–
EEMV	New	ISHARESem mk minvol etf	$12,194,000	–	211,405	–	2.01%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$10,461,000	–	429,069	–	1.72%	–
HDV	New	ISHARES TRcore high dv etf	$8,389,000	–	114,009	–	1.38%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$8,257,000	–	110,991	–	1.36%	–
DXJS	New	WISDOMTREE TRjpn scap hdg eqt	$7,535,000	–	209,831	–	1.24%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$7,226,000	–	174,533	–	1.19%	–
IVW	New	ISHARES TRs&p 500 grwt etf	$7,198,000	–	63,217	–	1.18%	–
PFF	New	ISHARESu.s. pfd stk etf	$6,749,000	–	172,255	–	1.11%	–
RPG	New	RYDEX ETF TRUSTgug s&p500 pu gr	$6,604,000	–	81,361	–	1.09%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$5,177,000	–	64,564	–	0.85%	–
IVE	New	ISHARES TRs&p 500 val etf	$4,724,000	–	51,230	–	0.78%	–
SPSB	New	SPDR SERIES TRUSTbarc sht tr cp	$4,716,000	–	154,169	–	0.78%	–
IGSB	New	ISHARES1-3 yr cr bd etf	$3,904,000	–	37,065	–	0.64%	–
OCUL	New	OCULAR THERAPEUTIX INC	$3,617,000	–	171,985	–	0.60%	–
DBEF	New	DBX ETF TRxtrak msci eafe	$3,602,000	–	125,855	–	0.59%	–
HYG	New	ISHARESiboxx hi yd etf	$3,266,000	–	36,780	–	0.54%	–
SCZ	New	ISHARESeafe sml cp etf	$3,120,000	–	61,149	–	0.51%	–
SDOG	New	ALPS ETF TRsectr div dogs	$2,831,000	–	77,226	–	0.47%	–
BSJH	New	CLAYMORE EXCHANGE TRD FD TRgug blt2017 hy	$2,584,000	–	97,833	–	0.42%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$2,460,000	–	32,841	–	0.40%	–
EDIV	New	SPDR INDEX SHS FDSs&p em mkt div	$2,403,000	–	73,430	–	0.40%	–
DVY	New	ISHARES TRselect divid etf	$2,169,000	–	28,856	–	0.36%	–
SPIB	New	SPDR SERIES TRUSTintr trm corp bd	$2,016,000	–	59,366	–	0.33%	–
MBB	New	ISHARESmbs etf	$1,989,000	–	18,326	–	0.33%	–
AMLP	New	ALPS ETF TRalerian mlp	$1,980,000	–	127,257	–	0.33%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,694,000	–	40,845	–	0.28%	–
BSCJ	New	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$1,533,000	–	72,772	–	0.25%	–
UUP	New	POWERSHS DB US DOLLAR INDEXdoll indx bull	$1,502,000	–	60,000	–	0.25%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$1,427,000	–	16,830	–	0.24%	–
IDV	New	ISHARESintl sel div etf	$1,389,000	–	42,955	–	0.23%	–
SHM	New	SPDR SERIES TRUSTnuvn br sht muni	$1,224,000	–	50,550	–	0.20%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,204,000	–	15,326	–	0.20%	–
TIP	New	ISHARES TRtips bd etf	$1,199,000	–	10,724	–	0.20%	–
GE	New	GENERAL ELECTRIC CO	$1,156,000	–	43,500	–	0.19%	–
EFA	New	ISHARES TRmsci eafe etf	$1,076,000	–	16,950	–	0.18%	–
MTB	New	M & T BK CORP	$1,066,000	–	8,535	–	0.18%	–
BSCM	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2022	$979,000	–	47,432	–	0.16%	–
MUB	New	ISHARESnat amt free bd	$956,000	–	8,835	–	0.16%	–
IGIB	New	ISHARESinterm cr bd etf	$842,000	–	7,768	–	0.14%	–
HYD	New	MARKET VECTORS ETF TRhg yld mun etf	$777,000	–	25,985	–	0.13%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$719,000	–	4,419	–	0.12%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$709,000	–	18,454	–	0.12%	–
IEF	New	ISHARES TR7-10 y tr bd etf	$705,000	–	6,750	–	0.12%	–
NEAR	New	ISHARES U S ETF TRsht mat bd etf	$643,000	–	12,825	–	0.11%	–
REM	New	ISHARESmrg rl es cp etf	$635,000	–	60,000	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$626,000	–	7,524	–	0.10%	–
IBDB	New	ISHARES TR2018 cp tm etf	$604,000	–	5,875	–	0.10%	–
RVNC	New	REVANCE THERAPEUTICS INC	$586,000	–	18,328	–	0.10%	–
BSX	New	BOSTON SCIENTIFIC CORP	$563,000	–	31,786	–	0.09%	–
JNJ	New	JOHNSON & JOHNSON	$520,000	–	5,333	–	0.09%	–
PG	New	PROCTER & GAMBLE CO	$517,000	–	6,609	–	0.08%	–
BCSPRACL	New	BARCLAYS BANK PLCsp adr 7.1%pf3	$469,000	–	18,050	–	0.08%	–
EEM	New	ISHARES TRmsci emg mkt etf	$451,000	–	11,374	–	0.07%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$417,000	–	5,137	–	0.07%	–
ACWX	New	ISHARESmsci acwi us etf	$371,000	–	8,395	–	0.06%	–
AAPL	New	APPLE INC	$365,000	–	2,909	–	0.06%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$333,000	–	4,375	–	0.06%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$327,000	–	4,914	–	0.05%	–
WIP	New	SPDR SERIES TRUSTdb int gvt etf	$321,000	–	5,845	–	0.05%	–
SURG	New	SYNERGETICS USA INC	$317,000	–	67,500	–	0.05%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$307,000	–	2,252	–	0.05%	–
MSFT	New	MICROSOFT CORP	$290,000	–	6,565	–	0.05%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$280,000	–	2,200	–	0.05%	–
VZ	New	VERIZON COMMUNICATIONS INC	$271,000	–	5,807	–	0.04%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$265,000	–	5,380	–	0.04%	–
TUR	New	ISHARESmsci turkey etf	$259,000	–	5,730	–	0.04%	–
MMM	New	3M CO	$261,000	–	1,692	–	0.04%	–
IYY	New	ISHARES TRdow jones us etf	$264,000	–	2,530	–	0.04%	–
BAC	New	BANK AMER CORP	$264,000	–	15,497	–	0.04%	–
UTX	New	UNITED TECHNOLOGIES CORP	$243,000	–	2,195	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$235,000	–	2,032	–	0.04%	–
DIS	New	DISNEY WALT CO	$224,000	–	1,964	–	0.04%	–
JPM	New	JPMORGAN CHASE & CO	$208,000	–	3,063	–	0.03%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$205,000	–	1	–	0.03%	–
IWM	New	ISHARES TRrussell 2000 etf	$200,000	–	1,605	–	0.03%	–
PDLI	New	PDL BIOPHARMA INC	$102,000	–	15,935	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
BAXSQ	Exit	BAXANO SURGICAL INC	$0	–	-115,546	–	-0.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,525	–	-0.07%	–
BAC	Exit	BANK AMER CORP	$0	–	-12,373	–	-0.07%	–
T	Exit	AT&T INC	$0	–	-6,092	–	-0.07%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,200	–	-0.08%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,400	–	-0.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,255	–	-0.08%	–
SURG	Exit	SYNERGETICS USA INC	$0	–	-70,000	–	-0.08%	–
MMM	Exit	3M CO	$0	–	-1,692	–	-0.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,640	–	-0.09%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,225	–	-0.09%	–
AAPL	Exit	APPLE INC	$0	–	-2,733	–	-0.10%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,283	–	-0.10%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-27,536	–	-0.11%	–
TUR	Exit	ISHARESmsci turkey etf	$0	–	-6,725	–	-0.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,446	–	-0.13%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-5,325	–	-0.14%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-9,790	–	-0.14%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,974	–	-0.29%	–
MTB	Exit	M & T BK CORP	$0	–	-7,272	–	-0.31%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-38,545	–	-0.34%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-16,960	–	-0.38%	–
SHM	Exit	SPDR SERIES TRUSTnuvn br sht muni	$0	–	-50,550	–	-0.43%	–
PGAL	Exit	GLOBAL X FDSglb x ftse pt 20	$0	–	-90,475	–	-0.44%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-18,397	–	-0.49%	–
IDV	Exit	ISHARESintl sel div etf	$0	–	-41,180	–	-0.51%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-22,603	–	-0.58%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-38,086	–	-0.61%	–
SDOG	Exit	ALPS ETF TRsectr div dogs	$0	–	-52,175	–	-0.68%	–
MINT	Exit	PIMCO ETF TRenhan shrt mat	$0	–	-24,490	–	-0.86%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-132,763	–	-0.88%	–
ACWX	Exit	ISHARESmsci acwi us etf	$0	–	-58,648	–	-0.93%	–
EDIV	Exit	SPDR INDEX SHS FDSs&p em mkt div	$0	–	-73,351	–	-0.93%	–
EWW	Exit	ISHARESmsci mex cap etf	$0	–	-40,033	–	-0.96%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-59,339	–	-0.97%	–
IVW	Exit	ISHARES TRs&p 500 grwt etf	$0	–	-32,800	–	-1.22%	–
IVE	Exit	ISHARES TRs&p 500 val etf	$0	–	-39,870	–	-1.25%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-25,988	–	-1.79%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-56,179	–	-2.04%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-155,296	–	-2.15%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-101,793	–	-2.26%	–
PXF	Exit	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$0	–	-176,858	–	-2.59%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-101,373	–	-2.65%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-193,746	–	-3.04%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-389,331	–	-3.13%	–
DBJP	Exit	DBX ETF TRxtrak msci japn	$0	–	-268,116	–	-3.60%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-83,535	–	-3.97%	–
HYD	Exit	MARKET VECTORS ETF TRhg yld mun etf	$0	–	-417,658	–	-4.46%	–
EFAV	Exit	ISHARES TReafe min vol etf	$0	–	-209,240	–	-4.55%	–
EZU	Exit	ISHARESemu etf	$0	–	-341,033	–	-4.56%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-328,199	–	-5.71%	–
USMV	Exit	ISHARES TRusa min vol etf	$0	–	-494,359	–	-6.47%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-300,799	–	-10.46%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-338,843	–	-10.79%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-543,900	–	-11.01%	–

Q3 2014

			Value		Shares		↓ Weighting
IEFA	Buy	ISHARES TRcore msci eafe	$31,676,000	-3.0%	543,900	+3.6%	11.01%	-5.4%
IWF	Sell	ISHARES TRrus 1000 grw etf	$31,048,000	-4.4%	338,843	-5.1%	10.79%	-6.8%
IWD	Sell	ISHARES TRrus 1000 val etf	$30,107,000	-6.3%	300,799	-5.2%	10.46%	-8.6%
USMV	Buy	ISHARES TRusa min vol etf	$18,627,000	+2.9%	494,359	+1.6%	6.47%	+0.3%
IEMG	Buy	ISHARES INCcore msci emkt	$16,423,000	-0.3%	328,199	+3.1%	5.71%	-2.7%
EZU	Buy	ISHARESemu etf	$13,129,000	-4.6%	341,033	+4.9%	4.56%	-7.0%
EFAV	Buy	ISHARES TReafe min vol etf	$13,104,000	+64.0%	209,240	+71.2%	4.55%	+60.0%
HYD	Buy	MARKET VECTORS ETF TRhg yld mun etf	$12,842,000	+5.3%	417,658	+3.3%	4.46%	+2.7%
IJH	Buy	ISHARES TRcore s&p mcp etf	$11,422,000	-2.5%	83,535	+2.0%	3.97%	-4.9%
DBJP	Buy	DBX ETF TRxtrak msci japn	$10,370,000	+8.6%	268,116	+3.2%	3.60%	+5.9%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$9,020,000	+4.7%	389,331	+2.8%	3.13%	+2.1%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$8,739,000	+5.3%	193,746	+4.1%	3.04%	+2.7%
HDV	Buy	ISHARES TRcore high dv etf	$7,627,000	+3.5%	101,373	+3.7%	2.65%	+0.9%
PXF	Buy	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$7,463,000	-0.9%	176,858	+7.0%	2.59%	-3.4%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$6,505,000	+9.4%	101,793	+4.2%	2.26%	+6.7%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$6,196,000	+7.5%	155,296	+3.3%	2.15%	+4.8%
IJR	Sell	ISHARES TRcore s&p scp etf	$5,859,000	-7.0%	56,179	-0.1%	2.04%	-9.3%
IVV	Sell	ISHARES TRcore s&p500 etf	$5,152,000	-2.3%	25,988	-2.9%	1.79%	-4.7%
IVE	Buy	ISHARES TRs&p 500 val etf	$3,591,000	+172.9%	39,870	+173.5%	1.25%	+166.1%
IVW	Buy	ISHARES TRs&p 500 grwt etf	$3,503,000	+199.1%	32,800	+194.5%	1.22%	+191.8%
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$2,788,000	–	59,339	–	0.97%	–
EWW	Buy	ISHARESmsci mex cap etf	$2,751,000	+4.6%	40,033	+3.2%	0.96%	+2.0%
EDIV	Buy	SPDR INDEX SHS FDSs&p em mkt div	$2,683,000	-3.8%	73,351	+5.4%	0.93%	-6.2%
ACWX	Buy	ISHARESmsci acwi us etf	$2,667,000	-1.8%	58,648	+3.6%	0.93%	-4.2%
AMLP	Sell	ALPS ETF TRalerian mlp	$2,545,000	-56.1%	132,763	-56.5%	0.88%	-57.2%
MINT	Sell	PIMCO ETF TRenhan shrt mat	$2,482,000	-23.9%	24,490	-23.8%	0.86%	-25.8%
SDOG	Buy	ALPS ETF TRsectr div dogs	$1,943,000	+0.6%	52,175	+1.0%	0.68%	-1.9%
DWX	Buy	SPDR INDEX SHS FDSs&p intl etf	$1,762,000	-2.1%	38,086	+8.6%	0.61%	-4.5%
DVY	Buy	ISHARES TRselect divid etf	$1,669,000	+6.0%	22,603	+10.5%	0.58%	+3.4%
IDV	Buy	ISHARESintl sel div etf	$1,473,000	-0.4%	41,180	+11.0%	0.51%	-2.8%
VIG	Sell	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,415,000	-1.5%	18,397	-0.2%	0.49%	-3.9%
PGAL	New	GLOBAL X FDSglb x ftse pt 20	$1,253,000	–	90,475	–	0.44%	–
SHM	Sell	SPDR SERIES TRUSTnuvn br sht muni	$1,233,000	-0.3%	50,550	-0.6%	0.43%	-2.9%
EFA	Buy	ISHARES TRmsci eafe etf	$1,087,000	-4.6%	16,960	+1.6%	0.38%	-6.9%
GE	Sell	GENERAL ELECTRIC CO	$982,000	-5.3%	38,545	-2.4%	0.34%	-7.6%
XOM	Buy	EXXON MOBIL CORP	$845,000	-0.2%	8,974	+6.6%	0.29%	-2.6%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$399,000	-4.8%	5,325	-2.7%	0.14%	-6.7%
JNJ	Buy	JOHNSON & JOHNSON	$367,000	+12.6%	3,446	+10.4%	0.13%	+10.3%
TUR	Buy	ISHARESmsci turkey etf	$330,000	-8.1%	6,725	+3.9%	0.12%	-10.2%
PG	Buy	PROCTER & GAMBLE CO	$277,000	+25.3%	3,283	+16.5%	0.10%	+21.5%
AAPL	Sell	APPLE INC	$273,000	+2.6%	2,733	-4.5%	0.10%	0.0%
MSFT	Buy	MICROSOFT CORP	$261,000	+16.5%	5,640	+4.7%	0.09%	+13.8%
MMM	New	3M CO	$240,000	–	1,692	–	0.08%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$237,000	+16.2%	1,255	+11.1%	0.08%	+12.3%
T	Sell	AT&T INC	$214,000	-9.7%	6,092	-9.2%	0.07%	-11.9%
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$210,000	–	1,525	–	0.07%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$207,000	–	1	–	0.07%	–
BAXSQ	Sell	BAXANO SURGICAL INC	$20,000	-71.4%	115,546	-6.7%	0.01%	-72.0%
PIZ	Exit	POWERSHARES ETF TRUST IIdwa devmktmom pt	$0	–	-49,243	–	-0.46%	–

Q2 2014

			Value		Shares		↓ Weighting
IEFA	New	ISHARES TRcore msci eafe	$32,645,000	–	524,768	–	11.63%	–
IWF	New	ISHARESrus 1000 grw etf	$32,473,000	–	357,128	–	11.57%	–
IWD	New	ISHARESrus 1000 val etf	$32,117,000	–	317,148	–	11.44%	–
USMV	New	ISHARES TRusa min vol etf	$18,109,000	–	486,546	–	6.45%	–
IEMG	New	ISHARES INCcore msci emkt	$16,465,000	–	318,482	–	5.87%	–
EZU	New	ISHARESemu etf	$13,763,000	–	325,213	–	4.90%	–
HYD	New	MARKET VECTORS ETF TRhg yld mun etf	$12,197,000	–	404,435	–	4.34%	–
IJH	New	ISHAREScore s&p mcp etf	$11,712,000	–	81,857	–	4.17%	–
DBJP	New	DBX ETF TRxtrak msci japn	$9,545,000	–	259,875	–	3.40%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$8,616,000	–	378,899	–	3.07%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$8,301,000	–	186,041	–	2.96%	–
EFAV	New	ISHARES TReafe min vol etf	$7,988,000	–	122,190	–	2.85%	–
PXF	New	POWERSHARES GLOBAL ETF TRUSTdev mkts ex-us	$7,531,000	–	165,346	–	2.68%	–
HDV	New	ISHARES TRhigh dividnd etf	$7,371,000	–	97,778	–	2.63%	–
IJR	New	ISHAREScore s&p scp etf	$6,300,000	–	56,208	–	2.24%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$5,944,000	–	97,726	–	2.12%	–
AMLP	New	ALPS ETF TRalerian mlp	$5,802,000	–	305,386	–	2.07%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$5,765,000	–	150,327	–	2.05%	–
IVV	New	ISHAREScore s&p500 etf	$5,273,000	–	26,767	–	1.88%	–
MINT	New	PIMCO ETF TRenhan shrt mat	$3,260,000	–	32,150	–	1.16%	–
EDIV	New	SPDR INDEX SHS FDSs&p em mkt div	$2,790,000	–	69,616	–	0.99%	–
ACWX	New	ISHARESmsci acwi us etf	$2,717,000	–	56,590	–	0.97%	–
EWW	New	ISHARESmsci mex cap etf	$2,631,000	–	38,800	–	0.94%	–
SDOG	New	ALPS ETF TRsectr div dogs	$1,932,000	–	51,650	–	0.69%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,799,000	–	35,076	–	0.64%	–
DVY	New	ISHARESselect divid etf	$1,574,000	–	20,454	–	0.56%	–
IDV	New	ISHARESintl sel div etf	$1,479,000	–	37,100	–	0.53%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,436,000	–	18,432	–	0.51%	–
IVE	New	ISHARESs&p 500 val etf	$1,316,000	–	14,580	–	0.47%	–
PIZ	New	POWERSHARES ETF TRUST IIdwa devmktmom pt	$1,298,000	–	49,243	–	0.46%	–
SHM	New	SPDR SERIES TRUSTnuvn br sht muni	$1,237,000	–	50,858	–	0.44%	–
IVW	New	ISHARESs&p 500 grwt etf	$1,171,000	–	11,137	–	0.42%	–
EFA	New	ISHARESmsci eafe etf	$1,140,000	–	16,685	–	0.41%	–
GE	New	GENERAL ELECTRIC CO	$1,037,000	–	39,511	–	0.37%	–
MTB	New	M & T BK CORP	$902,000	–	7,272	–	0.32%	–
XOM	New	EXXON MOBIL CORP	$847,000	–	8,420	–	0.30%	–
EEM	New	ISHARESmsci emg mkt etf	$423,000	–	9,790	–	0.15%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$419,000	–	5,475	–	0.15%	–
TUR	New	ISHARESmsci turkey etf	$359,000	–	6,475	–	0.13%	–
BSX	New	BOSTON SCIENTIFIC CORP	$351,000	–	27,536	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$326,000	–	3,121	–	0.12%	–
AAPL	New	APPLE INC	$266,000	–	2,863	–	0.10%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$264,000	–	2,225	–	0.09%	–
T	New	AT&T INC	$237,000	–	6,709	–	0.08%	–
MSFT	New	MICROSOFT CORP	$224,000	–	5,388	–	0.08%	–
PG	New	PROCTER & GAMBLE CO	$221,000	–	2,817	–	0.08%	–
IYY	New	ISHARESdow jones us etf	$218,000	–	2,200	–	0.08%	–
SURG	New	SYNERGETICS USA INC	$217,000	–	70,000	–	0.08%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$213,000	–	4,400	–	0.08%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$204,000	–	1,130	–	0.07%	–
BAC	New	BANK OF AMERICA CORPORATION	$190,000	–	12,373	–	0.07%	–
BAXSQ	New	BAXANO SURGICAL INC	$70,000	–	123,805	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-12,373	–	-0.06%	–
BAXSQ	Exit	BAXANO SURGICAL INC	$0	–	-143,783	–	-0.07%	–
IVW	Exit	ISHARESs&p 500 grwt etf	$0	–	-2,255	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,790	–	-0.07%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,400	–	-0.07%	–
EWZ	Exit	ISHARESmsci brz cap etf	$0	–	-4,311	–	-0.08%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-2,853	–	-0.08%	–
DHS	Exit	WISDOMTREE TReqty inc etf	$0	–	-4,355	–	-0.08%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-1,781	–	-0.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,888	–	-0.08%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,325	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,315	–	-0.09%	–
TUR	Exit	ISHARESmsci turkey etf	$0	–	-4,625	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-8,153	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,595	–	-0.11%	–
SURG	Exit	SYNERGETICS USA INC	$0	–	-70,000	–	-0.12%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-27,536	–	-0.12%	–
IVE	Exit	ISHARESs&p 500 val etf	$0	–	-4,400	–	-0.12%	–
DEM	Exit	WISDOMTREE TRemerg mkts etf	$0	–	-7,380	–	-0.14%	–
EEM	Exit	ISHARESmsci emg mkt etf	$0	–	-10,115	–	-0.15%	–
ELD	Exit	WISDOMTREE TRem lcl debt fd	$0	–	-8,912	–	-0.15%	–
SPLV	Exit	POWERSHARES ETF TR IIs&p500 low vol	$0	–	-14,000	–	-0.16%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-7,175	–	-0.18%	–
EFAV	Exit	ISHARESeafe min vol etf	$0	–	-10,165	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,558	–	-0.27%	–
MTB	Exit	M & T BK CORP	$0	–	-7,125	–	-0.29%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-41,518	–	-0.36%	–
DIM	Exit	WISDOMTREE TRintl midcap dv	$0	–	-19,842	–	-0.41%	–
SPIB	Exit	SPDR SERIES TRUSTintr trm corp bd	$0	–	-33,350	–	-0.41%	–
EFA	Exit	ISHARESmsci eafe etf	$0	–	-17,975	–	-0.42%	–
SHM	Exit	SPDR SERIES TRUSTnuvn br sht muni	$0	–	-50,856	–	-0.45%	–
EDIV	Exit	SPDR INDEX SHS FDSs&p em mkt div	$0	–	-32,450	–	-0.48%	–
DVY	Exit	ISHARESselect divid etf	$0	–	-22,054	–	-0.53%	–
DWX	Exit	SPDR INDEX SHS FDSs&p intl etf	$0	–	-40,833	–	-0.69%	–
EWC	Exit	ISHARESmsci cda etf	$0	–	-144,919	–	-1.50%	–
GUNR	Exit	FLEXSHARES TRmornstar upstr	$0	–	-145,320	–	-1.79%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-293,348	–	-1.88%	–
HDV	Exit	ISHAREShigh dividnd etf	$0	–	-82,238	–	-1.99%	–
EZU	Exit	ISHARESemu etf	$0	–	-156,324	–	-2.15%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-120,934	–	-2.19%	–
MINT	Exit	PIMCO ETF TRenhan shrt mat	$0	–	-60,565	–	-2.24%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-108,228	–	-2.61%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-94,913	–	-2.73%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-161,551	–	-2.73%	–
IVV	Exit	ISHAREScore s&p500 etf	$0	–	-45,885	–	-2.83%	–
STIP	Exit	ISHARES0-5 yr tips etf	$0	–	-81,971	–	-3.02%	–
EMB	Exit	ISHARESjp mor em mk etf	$0	–	-78,818	–	-3.13%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-420,363	–	-3.78%	–
IJR	Exit	ISHAREScore s&p scp etf	$0	–	-118,322	–	-4.31%	–
IJH	Exit	ISHAREScore s&p mcp etf	$0	–	-104,094	–	-4.71%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-309,866	–	-5.50%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-269,383	–	-6.84%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-419,908	–	-8.83%	–
USMV	Exit	ISHARESusa min vol etf	$0	–	-753,566	–	-9.13%	–
IWD	Exit	ISHARESrus 1000 val etf	$0	–	-301,920	–	-9.49%	–
IWF	Exit	ISHARESrus 1000 grw etf	$0	–	-340,567	–	-9.71%	–

Q3 2013

			Value		Shares		↓ Weighting
IWF	Buy	ISHARESrus 1000 grw etf	$26,632,000	+9.8%	340,567	+2.2%	9.71%	-4.1%
IWD	Buy	ISHARESrus 1000 val etf	$26,025,000	+5.0%	301,920	+2.1%	9.49%	-8.3%
USMV	Buy	ISHARESusa min vol etf	$25,042,000	+10.0%	753,566	+7.8%	9.13%	-3.9%
IEFA	Buy	ISHARES TRcore msci eafe	$24,203,000	+48.3%	419,908	+32.4%	8.83%	+29.5%
VIG	Buy	VANGUARD SPECIALIZED PORTFOLdiv app etf	$18,751,000	+24.1%	269,383	+18.0%	6.84%	+8.4%
IEMG	Buy	ISHARES INCcore msci emkt	$15,075,000	+15.6%	309,866	+9.4%	5.50%	+1.0%
IJH	Buy	ISHAREScore s&p mcp etf	$12,922,000	+8.9%	104,094	+1.3%	4.71%	-4.9%
IJR	Sell	ISHAREScore s&p scp etf	$11,808,000	+9.8%	118,322	-0.6%	4.31%	-4.1%
BKLN	Buy	POWERSHARES ETF TRUST IIsenior ln port	$10,374,000	+9.6%	420,363	+9.9%	3.78%	-4.3%
EMB	Buy	ISHARESjp mor em mk etf	$8,593,000	+3619.9%	78,818	+3633.7%	3.13%	+3164.6%
STIP	Sell	ISHARES0-5 yr tips etf	$8,290,000	-3.5%	81,971	-3.9%	3.02%	-15.7%
IVV	Buy	ISHAREScore s&p500 etf	$7,749,000	+278.4%	45,885	+260.4%	2.83%	+230.5%
XLI	Buy	SELECT SECTOR SPDR TRsbi int-inds	$7,496,000	+11.4%	161,551	+2.4%	2.73%	-2.7%
QQQ	Buy	POWERSHARES QQQ TRUSTunit ser 1	$7,486,000	+16.0%	94,913	+4.8%	2.73%	+1.3%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$7,158,000	+24.0%	108,228	+28.8%	2.61%	+8.3%
MINT	Buy	PIMCO ETF TRenhan shrt mat	$6,141,000	+30.2%	60,565	+30.0%	2.24%	+13.7%
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$6,004,000	–	120,934	–	2.19%	–
EZU	Buy	ISHARESemu etf	$5,898,000	+21.1%	156,324	+4.2%	2.15%	+5.8%
HDV	Buy	ISHAREShigh dividnd etf	$5,450,000	+2.6%	82,238	+2.7%	1.99%	-10.5%
AMLP	Buy	ALPS ETF TRalerian mlp	$5,160,000	+14.7%	293,348	+16.4%	1.88%	+0.2%
GUNR	Buy	FLEXSHARES TRmornstar upstr	$4,897,000	+13.6%	145,320	+6.2%	1.79%	-0.8%
EWC	Buy	ISHARESmsci cda etf	$4,102,000	+11.3%	144,919	+2.8%	1.50%	-2.8%
DWX	Sell	SPDR INDEX SHS FDSs&p intl etf	$1,904,000	+5.9%	40,833	-0.9%	0.69%	-7.6%
DVY	Sell	ISHARESselect divid etf	$1,463,000	-2.2%	22,054	-5.7%	0.53%	-14.6%
EDIV	New	SPDR INDEX SHS FDSs&p em mkt div	$1,308,000	–	32,450	–	0.48%	–
SHM	Buy	SPDR SERIES TRUSTnuvn br sht muni	$1,231,000	+34.4%	50,856	+32.6%	0.45%	+17.5%
EFA	Sell	ISHARESmsci eafe etf	$1,146,000	-77.2%	17,975	-79.5%	0.42%	-80.1%
SPIB	New	SPDR SERIES TRUSTintr trm corp bd	$1,125,000	–	33,350	–	0.41%	–
DIM	Sell	WISDOMTREE TRintl midcap dv	$1,113,000	-4.1%	19,842	-14.0%	0.41%	-16.1%
GE	Sell	GENERAL ELECTRIC CO	$991,000	+2.8%	41,518	-0.2%	0.36%	-10.4%
MTB	Sell	M & T BK CORP	$797,000	-12.1%	7,125	-12.3%	0.29%	-23.2%
XOM	Buy	EXXON MOBIL CORP	$735,000	-1.1%	8,558	+3.9%	0.27%	-13.5%
EFAV	Buy	ISHARESeafe min vol etf	$619,000	+49.5%	10,165	+40.4%	0.23%	+30.6%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$494,000	-2.8%	7,175	-6.5%	0.18%	-15.1%
SPLV	Buy	POWERSHARES ETF TR IIs&p500 low vol	$436,000	+87.1%	14,000	+86.4%	0.16%	+63.9%
ELD	Sell	WISDOMTREE TRem lcl debt fd	$419,000	-95.3%	8,912	-95.2%	0.15%	-95.9%
EEM	Sell	ISHARESmsci emg mkt etf	$412,000	-5.1%	10,115	-10.4%	0.15%	-17.1%
DEM	Sell	WISDOMTREE TRemerg mkts etf	$381,000	-74.7%	7,380	-76.3%	0.14%	-77.9%
IVE	Sell	ISHARESs&p 500 val etf	$344,000	-4.2%	4,400	-7.4%	0.12%	-16.7%
T	Sell	AT&T INC	$275,000	-5.2%	8,153	-0.7%	0.10%	-17.4%
TUR	Buy	ISHARESmsci turkey etf	$255,000	+12.3%	4,625	+20.9%	0.09%	-2.1%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$243,000	0.0%	1,315	+3.3%	0.09%	-11.9%
MSFT	Sell	MICROSOFT CORP	$229,000	-7.3%	6,888	-4.0%	0.08%	-18.4%
DHS	Sell	WISDOMTREE TReqty inc etf	$226,000	-84.5%	4,355	-84.6%	0.08%	-86.6%
PG	Sell	PROCTER & GAMBLE CO	$215,000	-8.1%	2,853	-6.3%	0.08%	-20.4%
EWZ	New	ISHARESmsci brz cap etf	$206,000	–	4,311	–	0.08%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$203,000	–	4,400	–	0.07%	–
BAXSQ	Sell	BAXANO SURGICAL INC	$199,000	-44.9%	143,783	-4.7%	0.07%	-51.7%
IVW	New	ISHARESs&p 500 grwt etf	$201,000	–	2,255	–	0.07%	–
BAC	New	BANK OF AMERICA CORPORATION	$170,000	–	12,373	–	0.06%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-100,462	–	-1.67%	–

Q2 2013

			Value		Shares		↓ Weighting
IWD	New	ISHARES TRrussell1000val	$24,777,000	–	295,707	–	10.34%	–
IWF	New	ISHARES TRrussell1000grw	$24,249,000	–	333,372	–	10.12%	–
USMV	New	ISHARES TRusa min vol id	$22,766,000	–	699,002	–	9.51%	–
IEFA	New	ISHARES TRcore msci eafe	$16,323,000	–	317,200	–	6.82%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$15,107,000	–	228,206	–	6.31%	–
IEMG	New	ISHARES INCcore msci emkt	$13,040,000	–	283,115	–	5.44%	–
IJH	New	ISHARES TRcore s&p mcp etf	$11,865,000	–	102,732	–	4.95%	–
IJR	New	ISHARES TRcore s&p scp etf	$10,755,000	–	119,096	–	4.49%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$9,464,000	–	382,417	–	3.95%	–
ELD	New	WISDOMTREE TRem lcl debt fd	$8,917,000	–	185,620	–	3.72%	–
STIP	New	ISHARES TRbrc 0-5 yr tip	$8,590,000	–	85,328	–	3.59%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$6,729,000	–	157,830	–	2.81%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$6,453,000	–	90,555	–	2.69%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$5,772,000	–	84,006	–	2.41%	–
HDV	New	ISHARES TRhgh div eqt fd	$5,314,000	–	80,110	–	2.22%	–
EFA	New	ISHARES TRmsci eafe index	$5,036,000	–	87,888	–	2.10%	–
EZU	New	ISHARES INCmsci emu index	$4,872,000	–	150,001	–	2.03%	–
MINT	New	PIMCO ETF TRenhan shrt mat	$4,717,000	–	46,585	–	1.97%	–
AMLP	New	ALPS ETF TRalerian mlp	$4,499,000	–	252,094	–	1.88%	–
GUNR	New	FLEXSHARES TRmornstar upstr	$4,312,000	–	136,785	–	1.80%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$4,009,000	–	100,462	–	1.67%	–
EWC	New	ISHARES INCmsci cda index	$3,685,000	–	140,938	–	1.54%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,048,000	–	12,730	–	0.86%	–
DWX	New	SPDR INDEX SHS FDSs&p intl etf	$1,798,000	–	41,209	–	0.75%	–
DEM	New	WISDOMTREE TRUSTemerg mkts etf	$1,504,000	–	31,123	–	0.63%	–
DVY	New	ISHARES TRdj sel div inx	$1,496,000	–	23,384	–	0.62%	–
DHS	New	WISDOMTREE TRUSTeqty inc etf	$1,460,000	–	28,250	–	0.61%	–
DIM	New	WISDOMTREE TRUSTintl midcap dv	$1,160,000	–	23,082	–	0.48%	–
GE	New	GENERAL ELECTRIC CO	$964,000	–	41,618	–	0.40%	–
SHM	New	SPDR SERIES TRUSTnuvn br sht muni	$916,000	–	38,355	–	0.38%	–
MTB	New	M & T BK CORP	$907,000	–	8,122	–	0.38%	–
XOM	New	EXXON MOBIL CORP	$743,000	–	8,236	–	0.31%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$508,000	–	7,675	–	0.21%	–
EEM	New	ISHARES TRmsci emerg mkt	$434,000	–	11,295	–	0.18%	–
EFAV	New	ISHARES TReafe min volat	$414,000	–	7,240	–	0.17%	–
BAXSQ	New	BAXANO SURGICAL INC	$361,000	–	150,883	–	0.15%	–
IVE	New	ISHARES TRs&p 500 value	$359,000	–	4,750	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON	$308,000	–	3,595	–	0.13%	–
T	New	AT&T INC	$290,000	–	8,210	–	0.12%	–
SURG	New	SYNERGETICS USA INC	$275,000	–	70,000	–	0.12%	–
BSX	New	BOSTON SCIENTIFIC CORP	$255,000	–	27,536	–	0.11%	–
MSFT	New	MICROSOFT CORP	$247,000	–	7,176	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$243,000	–	1,273	–	0.10%	–
PG	New	PROCTER & GAMBLE CO	$234,000	–	3,046	–	0.10%	–
SPLV	New	POWERSHARES ETF TR IIs&p500 low vol	$233,000	–	7,510	–	0.10%	–
EMB	New	ISHARES TRjpmorgan usd	$231,000	–	2,111	–	0.10%	–
TUR	New	ISHARES INCmsci turkey fd	$227,000	–	3,825	–	0.10%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$221,000	–	2,325	–	0.09%	–
GLD	New	SPDR GOLD TRUST	$212,000	–	1,781	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$200,000	–	1,790	–	0.08%	–

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