HAYS ADVISORY LLC Activity Q4 2003-Q4 2018

Q4 2018

			Value		Shares		↓ Weighting
	New	NONEna	$0	–	0	–	0.00%	–
	Exit	First Eagle Overseas Fund Clas	$0	–	-13,140	–	-0.12%	–
GIS	Exit	Gilead Sciences Inc	$0	–	-4,689	–	-0.13%	–
LRCX	Exit	Lockheed Martin Corp Com	$0	–	-1,542	–	-0.15%	–
IBM	Exit	Johnson & Johnson Com	$0	–	-1,637	–	-0.16%	–
MDY	Exit	Syntel Inc	$0	–	-675	–	-0.16%	–
PG	Exit	Qualcomm Inc	$0	–	-2,997	–	-0.16%	–
KMB	Exit	KornFerry Int	$0	–	-2,227	–	-0.16%	–
PEP	Exit	Pfizer Inc Com	$0	–	-2,310	–	-0.16%	–
WMT	Exit	ABERDEEN STANDARD INVESTS ETFS	$0	–	-2,781	–	-0.17%	–
JNJ	Exit	Kimberly Clark Corp Com	$0	–	-1,999	–	-0.18%	–
	Exit	FMI FUNDS COMMON STOCK FUND	$0	–	-11,236	–	-0.18%	–
TXN	Exit	Tjx Companies, Inc.	$0	–	-2,605	–	-0.18%	–
DIS	Exit	Eaton Corp Com	$0	–	-2,405	–	-0.18%	–
MCD	Exit	Michael Kors Holdings	$0	–	-1,693	–	-0.18%	–
T	Exit	Best Buy	$0	–	-8,462	–	-0.18%	–
TJX	Exit	United Therapeutics Corporatio	$0	–	-2,543	–	-0.18%	–
ETN	Exit	Emerson Elec Co Com	$0	–	-3,428	–	-0.19%	–
INTC	Exit	Interdigital, Inc.	$0	–	-6,278	–	-0.19%	–
	Exit	Anthem, INC.	$0	–	-6,402	–	-0.19%	–
LMT	Exit	Lowe'S Companies Inc	$0	–	-868	–	-0.19%	–
EMR	Exit	Gamestop Corp	$0	–	-4,018	–	-0.20%	–
BMY	Exit	Buckle Incorporated	$0	–	-4,996	–	-0.20%	–
QCOM	Exit	SPDR S&P 500 ETF TRUST	$0	–	-4,361	–	-0.20%	–
PFE	Exit	Procter & Gamble Co Com	$0	–	-7,152	–	-0.20%	–
ANTM	Exit	Apple Inc.	$0	–	-1,193	–	-0.21%	–
	Exit	T ROWE PRICE DIVIDEND GROWTH	$0	–	-12,173	–	-0.21%	–
LOW	Exit	Match Group INC	$0	–	-2,999	–	-0.22%	–
GME	Exit	GENERAL MLS INCORPORATED	$0	–	-35,415	–	-0.34%	–
MBB	Exit	SCHWAB US REIT ETF	$0	–	-5,259	–	-0.35%	–
BKE	Exit	Cisco Systems Inc	$0	–	-24,692	–	-0.36%	–
VNQ	Exit	VANGUARD SHORT TERM CORPORATE	$0	–	-7,422	–	-0.38%	–
LQD	Exit	ISHARES TR MBS ETF	$0	–	-7,847	–	-0.58%	–
VCSH	Exit	VANGUARD SHRT INF PROT SEC IND	$0	–	-11,790	–	-0.59%	–
FLOT	Exit	ISHARES TR IBOXX INV CP ETF	$0	–	-18,504	–	-0.60%	–
VYM	Exit	Vanguard LongTerm Govt Bond ET	$0	–	-12,107	–	-0.67%	–
BCI	Exit	DEUTSCH X TRKS MSCI EAFE HDG E	$0	–	-44,132	–	-0.67%	–
VIAB	Exit	WALMART INCORPORATED	$0	–	-32,669	–	-0.70%	–
OMC	Exit	Oracle Corporation	$0	–	-17,425	–	-0.76%	–
UTHR	Exit	Unitedhealth Group Incorporate	$0	–	-9,492	–	-0.77%	–
DBEF	Exit	FIRST TRUST ENHANCED SHORT MTR	$0	–	-41,958	–	-0.86%	–
HEFA	Exit	ISHARES MSCI ACWI EX US ETF	$0	–	-45,540	–	-0.87%	–
GILD	Exit	Hewlett Packard Co	$0	–	-18,503	–	-0.91%	–
VDE	Exit	VANGUARD HIGH DIVIDEND YIELD E	$0	–	-13,675	–	-0.92%	–
AGX	Exit	AT&T INCORPORATED	$0	–	-34,002	–	-0.93%	–
SYNT	Exit	Texas Instrs Inc Com	$0	–	-36,884	–	-0.96%	–
DLX	Exit	Disney Walt Company	$0	–	-27,460	–	-1.00%	–
VCR	Exit	Vanguard Energy ETF	$0	–	-8,891	–	-1.02%	–
MSGN	Exit	Omnicom Group Inc Com	$0	–	-68,282	–	-1.12%	–
KFY	Exit	Lam Research Corp Com	$0	–	-37,250	–	-1.17%	–
FXL	Exit	FT DEVELOPED MKTS EX US ALPHAD	$0	–	-29,088	–	-1.18%	–
ACWX	Exit	ISHARES Russell 1000 ETF	$0	–	-39,011	–	-1.18%	–
UNH	Exit	USANA Health Sciences, Inc	$0	–	-7,046	–	-1.19%	–
IDCC	Exit	Intl Business Machines Corp	$0	–	-24,118	–	-1.23%	–
MKSI	Exit	MSG Networks, Inc.	$0	–	-25,616	–	-1.31%	–
BBY	Exit	Bristol Myers Squibb Co Com	$0	–	-30,350	–	-1.54%	–
HPQ	Exit	Intel Corp Com	$0	–	-94,014	–	-1.54%	–
KORS	Exit	MKS Instruments, Inc.	$0	–	-36,069	–	-1.58%	–
ORCL	Exit	PEPSICO INC COM	$0	–	-49,240	–	-1.62%	–
MTCH	Exit	Mcdonalds Corp Com	$0	–	-49,770	–	-1.84%	–
USNA	Exit	Viacom Inc	$0	–	-24,536	–	-1.88%	–
CSCO	Exit	Deluxe Corp	$0	–	-60,839	–	-1.88%	–
SPY	Exit	Spdr S&P Midcap 400 ETF	$0	–	-10,679	–	-1.98%	–
VB	Exit	Vanguard Total Stock Market ET	$0	–	-19,336	–	-2.00%	–
AAPL	Exit	ARGAN INCORPORATED	$0	–	-14,428	–	-2.08%	–
FEX	Exit	FIRST TRUST TECHNOLOGY ALPHADE	$0	–	-57,910	–	-2.30%	–
FTSM	Exit	FIRST TRUST LRGE CAP CORE APAD	$0	–	-64,884	–	-2.48%	–
FEM	Exit	ISHARES CURRENCY HEDG MSCI EAF	$0	–	-162,449	–	-2.59%	–
FDT	Exit	FT EMERGING MARKETS ALPHADEX E	$0	–	-73,989	–	-2.80%	–
IWF	Exit	ISHARES TR 1 3 YR TREAS BD	$0	–	-36,229	–	-3.60%	–
VTIP	Exit	Vanguard Sm-Cap ETF	$0	–	-122,286	–	-3.77%	–
VGLT	Exit	VANGUARD REIT ETF	$0	–	-104,280	–	-4.79%	–
SCHH	Exit	SPDR SER TR SPDR BLOOMBERG BAR	$0	–	-240,931	–	-6.40%	–
SHY	Exit	ISHARES TR FLTG RATE NT ETF	$0	–	-145,822	–	-7.72%	–
BIL	Exit	VANGUARD CONSUMER DISCRETIONAR	$0	–	-311,652	–	-18.18%	–

Q3 2018

			Value		Shares		↓ Weighting
BIL	Buy	VANGUARD CONSUMER DISCRETIONAR	$28,541,000	+139.3%	311,652	+139.3%	18.18%	+175.7%
SHY	Sell	ISHARES TR FLTG RATE NT ETF	$12,116,000	-2.7%	145,822	-2.3%	7.72%	+12.1%
SCHH	Sell	SPDR SER TR SPDR BLOOMBERG BAR	$10,054,000	-20.2%	240,931	-20.1%	6.40%	-8.0%
VGLT	Sell	VANGUARD REIT ETF	$7,526,000	-21.6%	104,280	-18.8%	4.79%	-9.7%
VTIP	Buy	Vanguard Sm-Cap ETF	$5,915,000	+91.8%	122,286	+93.7%	3.77%	+121.0%
IWF	New	ISHARES TR 1 3 YR TREAS BD	$5,651,000	–	36,229	–	3.60%	–
FDT	Sell	FT EMERGING MARKETS ALPHADEX E	$4,393,000	-27.4%	73,989	-26.7%	2.80%	-16.3%
FEM	Sell	ISHARES CURRENCY HEDG MSCI EAF	$4,071,000	-29.1%	162,449	-26.9%	2.59%	-18.3%
FTSM	Sell	FIRST TRUST LRGE CAP CORE APAD	$3,894,000	-21.6%	64,884	-21.7%	2.48%	-9.8%
FEX	Sell	FIRST TRUST TECHNOLOGY ALPHADE	$3,615,000	-23.1%	57,910	-26.9%	2.30%	-11.4%
AAPL	Sell	ARGAN INCORPORATED	$3,257,000	+20.9%	14,428	-0.9%	2.08%	+39.3%
VB	New	Vanguard Total Stock Market ET	$3,144,000	–	19,336	–	2.00%	–
SPY	Buy	Spdr S&P Midcap 400 ETF	$3,105,000	+38.6%	10,679	+29.3%	1.98%	+59.6%
CSCO	Sell	Deluxe Corp	$2,960,000	+8.2%	60,839	-4.3%	1.88%	+24.6%
USNA	Sell	Viacom Inc	$2,958,000	+0.9%	24,536	-3.5%	1.88%	+16.2%
MTCH	Sell	Mcdonalds Corp Com	$2,882,000	+44.8%	49,770	-3.1%	1.84%	+66.9%
ORCL	Sell	PEPSICO INC COM	$2,539,000	+12.8%	49,240	-3.6%	1.62%	+30.0%
KORS	Sell	MKS Instruments, Inc.	$2,473,000	+0.2%	36,069	-2.7%	1.58%	+15.4%
HPQ	Sell	Intel Corp Com	$2,423,000	+10.2%	94,014	-3.0%	1.54%	+27.0%
BBY	Sell	Bristol Myers Squibb Co Com	$2,409,000	+3.3%	30,350	-2.9%	1.54%	+19.1%
MKSI	Sell	MSG Networks, Inc.	$2,053,000	-18.3%	25,616	-2.5%	1.31%	-5.9%
IDCC	Sell	Intl Business Machines Corp	$1,929,000	-4.2%	24,118	-3.1%	1.23%	+10.3%
UNH	Sell	USANA Health Sciences, Inc	$1,875,000	+4.7%	7,046	-3.4%	1.19%	+20.6%
ACWX	Buy	ISHARES Russell 1000 ETF	$1,860,000	+20.9%	39,011	+19.7%	1.18%	+39.2%
FXL	Sell	FT DEVELOPED MKTS EX US ALPHAD	$1,848,000	-49.9%	29,088	-55.6%	1.18%	-42.2%
KFY	Sell	Lam Research Corp Com	$1,834,000	-23.4%	37,250	-3.6%	1.17%	-11.8%
MSGN	Sell	Omnicom Group Inc Com	$1,762,000	+4.5%	68,282	-3.0%	1.12%	+20.4%
VCR	New	Vanguard Energy ETF	$1,604,000	–	8,891	–	1.02%	–
DLX	Sell	Disney Walt Company	$1,564,000	-16.7%	27,460	-3.1%	1.00%	-4.0%
SYNT	Sell	Texas Instrs Inc Com	$1,511,000	+24.0%	36,884	-2.9%	0.96%	+42.7%
AGX	Sell	AT&T INCORPORATED	$1,462,000	+1.7%	34,002	-3.1%	0.93%	+17.1%
VDE	New	VANGUARD HIGH DIVIDEND YIELD E	$1,437,000	–	13,675	–	0.92%	–
GILD	Sell	Hewlett Packard Co	$1,429,000	+7.0%	18,503	-1.9%	0.91%	+23.1%
HEFA	Buy	ISHARES MSCI ACWI EX US ETF	$1,363,000	+22.2%	45,540	+21.0%	0.87%	+40.9%
DBEF	Buy	FIRST TRUST ENHANCED SHORT MTR	$1,357,000	+26.1%	41,958	+22.5%	0.86%	+45.2%
UTHR	Sell	Unitedhealth Group Incorporate	$1,214,000	+10.4%	9,492	-2.4%	0.77%	+27.1%
OMC	Sell	Oracle Corporation	$1,185,000	-13.7%	17,425	-3.2%	0.76%	-0.5%
VIAB	Sell	WALMART INCORPORATED	$1,103,000	+7.5%	32,669	-4.0%	0.70%	+24.0%
BCI	New	DEUTSCH X TRKS MSCI EAFE HDG E	$1,056,000	–	44,132	–	0.67%	–
VYM	Buy	Vanguard LongTerm Govt Bond ET	$1,054,000	+5.1%	12,107	+0.2%	0.67%	+20.9%
FLOT	Buy	ISHARES TR IBOXX INV CP ETF	$944,000	+0.4%	18,504	+0.4%	0.60%	+15.6%
VCSH	Buy	VANGUARD SHRT INF PROT SEC IND	$922,000	+0.8%	11,790	+0.6%	0.59%	+16.0%
LQD	Buy	ISHARES TR MBS ETF	$902,000	+0.9%	7,847	+0.6%	0.58%	+16.4%
VNQ	Buy	VANGUARD SHORT TERM CORPORATE	$599,000	-0.5%	7,422	+0.4%	0.38%	+14.7%
BKE	Sell	Cisco Systems Inc	$569,000	-17.3%	24,692	-3.5%	0.36%	-4.7%
MBB	Buy	SCHWAB US REIT ETF	$543,000	-0.2%	5,259	+0.6%	0.35%	+15.0%
GME	Sell	GENERAL MLS INCORPORATED	$541,000	+1.3%	35,415	-3.3%	0.34%	+16.9%
LOW	Buy	Match Group INC	$344,000	+28.8%	2,999	+7.3%	0.22%	+48.0%
	New	T ROWE PRICE DIVIDEND GROWTH	$335,000	–	12,173	–	0.21%	–
ANTM	Buy	Apple Inc.	$327,000	+23.9%	1,193	+7.6%	0.21%	+42.5%
PFE	Buy	Procter & Gamble Co Com	$315,000	+30.7%	7,152	+7.6%	0.20%	+51.1%
QCOM	Buy	SPDR S&P 500 ETF TRUST	$314,000	+38.9%	4,361	+8.5%	0.20%	+60.0%
BMY	Buy	Buckle Incorporated	$310,000	+20.6%	4,996	+7.6%	0.20%	+38.7%
EMR	Buy	Gamestop Corp	$308,000	+19.8%	4,018	+7.9%	0.20%	+38.0%
LMT	Buy	Lowe'S Companies Inc	$300,000	+25.5%	868	+7.4%	0.19%	+44.7%
	New	Anthem, INC.	$299,000	–	6,402	–	0.19%	–
ETN	Buy	Emerson Elec Co Com	$297,000	+25.8%	3,428	+8.5%	0.19%	+45.4%
INTC	Buy	Interdigital, Inc.	$297,000	+2.1%	6,278	+7.3%	0.19%	+17.4%
TJX	Sell	United Therapeutics Corporatio	$285,000	-2.1%	2,543	-16.8%	0.18%	+13.0%
T	Buy	Best Buy	$284,000	+38.5%	8,462	+32.5%	0.18%	+60.2%
MCD	Buy	Michael Kors Holdings	$283,000	+15.0%	1,693	+8.0%	0.18%	+32.4%
DIS	Buy	Eaton Corp Com	$281,000	+21.6%	2,405	+9.2%	0.18%	+39.8%
TXN	Buy	Tjx Companies, Inc.	$279,000	+4.9%	2,605	+8.0%	0.18%	+21.1%
JNJ	Buy	Kimberly Clark Corp Com	$276,000	+23.8%	1,999	+9.0%	0.18%	+43.1%
	New	FMI FUNDS COMMON STOCK FUND	$276,000	–	11,236	–	0.18%	–
WMT	Buy	ABERDEEN STANDARD INVESTS ETFS	$261,000	+19.7%	2,781	+9.2%	0.17%	+37.2%
PEP	Buy	Pfizer Inc Com	$258,000	+12.2%	2,310	+9.2%	0.16%	+29.1%
KMB	Buy	KornFerry Int	$253,000	+18.8%	2,227	+10.0%	0.16%	+36.4%
PG	Buy	Qualcomm Inc	$249,000	+17.5%	2,997	+10.3%	0.16%	+35.9%
MDY	New	Syntel Inc	$248,000	–	675	–	0.16%	–
IBM	Buy	Johnson & Johnson Com	$248,000	+21.0%	1,637	+11.3%	0.16%	+39.8%
LRCX	Buy	Lockheed Martin Corp Com	$234,000	-4.1%	1,542	+9.1%	0.15%	+10.4%
GIS	Buy	Gilead Sciences Inc	$201,000	+9.8%	4,689	+13.5%	0.13%	+26.7%
	New	First Eagle Overseas Fund Clas	$181,000	–	13,140	–	0.12%	–
FRI	Exit	FIRST TRUST S&P REIT INDEX ETF	$0	–	-4,284	–	-0.06%	–
	Exit	Gotham Enhanced Return Fund In	$0	–	-8,697	–	-0.07%	–
CMI	Exit	Cummins Inc	$0	–	-952	–	-0.07%	–
BA	Exit	Boeing Co Com	$0	–	-412	–	-0.08%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,547	–	-0.08%	–
LYB	Exit	Lyondellbasell Industries Nv	$0	–	-1,455	–	-0.09%	–
BTI	Exit	British Amern Tob Plc Sponsore	$0	–	-3,814	–	-0.11%	–
BCI	Exit	ETFS BLMBRG ALL CMDT STRTG K 1	$0	–	-36,509	–	-0.49%	–
EWO	Exit	ISHARES MSCI AUSTRIA CAPPED ET	$0	–	-76,139	–	-0.95%	–
FXO	Exit	FIRST TRUST FINANCIALS ALPHADE	$0	–	-74,936	–	-1.30%	–
FXR	Exit	FIRST TR INDL PROD DRBL ALPHAD	$0	–	-79,686	–	-1.72%	–
FTA	Exit	FIRST TR LRG CP VAL ALPHADEX E	$0	–	-82,819	–	-2.40%	–
FTGC	Exit	FIRST TRUST GBL TTCL COMDTY ST	$0	–	-564,406	–	-6.46%	–
VTI	Exit	Vanguard Total Stock Market ET	$0	–	-172,883	–	-13.42%	–

Q2 2018

			Value		Shares		↓ Weighting
VTI	New	Vanguard Total Stock Market ET	$24,278,000	–	172,883	–	13.42%	–
SCHH	New	SCHWAB US REIT ETF	$12,594,000	–	301,443	–	6.96%	–
SHY	New	ISHARES TR 1 3 YR TREAS BD	$12,448,000	–	149,307	–	6.88%	–
BIL	New	SPDR SER TR SPDR BLOOMBERG BAR	$11,927,000	–	130,236	–	6.59%	–
FTGC	New	FIRST TRUST GBL TTCL COMDTY ST	$11,678,000	–	564,406	–	6.46%	–
VGLT	New	Vanguard LongTerm Govt Bond ET	$9,599,000	–	128,357	–	5.31%	–
FDT	New	FT DEVELOPED MKTS EX US ALPHAD	$6,047,000	–	100,888	–	3.34%	–
FEM	New	FT EMERGING MARKETS ALPHADEX E	$5,743,000	–	222,081	–	3.18%	–
FTSM	New	FIRST TRUST ENHANCED SHORT MTR	$4,970,000	–	82,843	–	2.75%	–
FEX	New	FIRST TRUST LRGE CAP CORE APAD	$4,701,000	–	79,253	–	2.60%	–
FTA	New	FIRST TR LRG CP VAL ALPHADEX E	$4,333,000	–	82,819	–	2.40%	–
FXL	New	FIRST TRUST TECHNOLOGY ALPHADE	$3,685,000	–	65,489	–	2.04%	–
FXR	New	FIRST TR INDL PROD DRBL ALPHAD	$3,116,000	–	79,686	–	1.72%	–
VTIP	New	VANGUARD SHRT INF PROT SEC IND	$3,084,000	–	63,142	–	1.70%	–
USNA	New	USANA Health Sciences, Inc	$2,932,000	–	25,425	–	1.62%	–
CSCO	New	Cisco Systems Inc	$2,736,000	–	63,585	–	1.51%	–
AAPL	New	Apple Inc.	$2,695,000	–	14,558	–	1.49%	–
MKSI	New	MKS Instruments, Inc.	$2,514,000	–	26,269	–	1.39%	–
KORS	New	Michael Kors Holdings	$2,468,000	–	37,053	–	1.36%	–
KFY	New	KornFerry Int	$2,394,000	–	38,654	–	1.32%	–
FXO	New	FIRST TRUST FINANCIALS ALPHADE	$2,348,000	–	74,936	–	1.30%	–
BBY	New	Best Buy	$2,332,000	–	31,270	–	1.29%	–
ORCL	New	Oracle Corporation	$2,250,000	–	51,056	–	1.24%	–
SPY	New	SPDR S&P 500 ETF TRUST	$2,241,000	–	8,259	–	1.24%	–
HPQ	New	Hewlett Packard Co	$2,198,000	–	96,878	–	1.22%	–
IDCC	New	Interdigital, Inc.	$2,014,000	–	24,901	–	1.11%	–
MTCH	New	Match Group INC	$1,990,000	–	51,357	–	1.10%	–
DLX	New	Deluxe Corp	$1,877,000	–	28,345	–	1.04%	–
UNH	New	Unitedhealth Group Incorporate	$1,790,000	–	7,296	–	0.99%	–
EWO	New	ISHARES MSCI AUSTRIA CAPPED ET	$1,725,000	–	76,139	–	0.95%	–
MSGN	New	MSG Networks, Inc.	$1,686,000	–	70,380	–	0.93%	–
ACWX	New	ISHARES MSCI ACWI EX US ETF	$1,539,000	–	32,582	–	0.85%	–
AGX	New	ARGAN INCORPORATED	$1,437,000	–	35,103	–	0.80%	–
OMC	New	Omnicom Group Inc Com	$1,373,000	–	18,002	–	0.76%	–
GILD	New	Gilead Sciences Inc	$1,336,000	–	18,865	–	0.74%	–
SYNT	New	Syntel Inc	$1,219,000	–	38,000	–	0.67%	–
HEFA	New	ISHARES CURRENCY HEDG MSCI EAF	$1,115,000	–	37,648	–	0.62%	–
UTHR	New	United Therapeutics Corporatio	$1,100,000	–	9,722	–	0.61%	–
DBEF	New	DEUTSCH X TRKS MSCI EAFE HDG E	$1,076,000	–	34,256	–	0.60%	–
VIAB	New	Viacom Inc	$1,026,000	–	34,016	–	0.57%	–
VYM	New	VANGUARD HIGH DIVIDEND YIELD E	$1,003,000	–	12,082	–	0.56%	–
FLOT	New	ISHARES TR FLTG RATE NT ETF	$940,000	–	18,428	–	0.52%	–
VCSH	New	VANGUARD SHORT TERM CORPORATE	$915,000	–	11,716	–	0.51%	–
LQD	New	ISHARES TR IBOXX INV CP ETF	$894,000	–	7,803	–	0.49%	–
BCI	New	ETFS BLMBRG ALL CMDT STRTG K 1	$891,000	–	36,509	–	0.49%	–
BKE	New	Buckle Incorporated	$688,000	–	25,575	–	0.38%	–
VNQ	New	VANGUARD REIT ETF	$602,000	–	7,395	–	0.33%	–
MBB	New	ISHARES TR MBS ETF	$544,000	–	5,226	–	0.30%	–
GME	New	Gamestop Corp	$534,000	–	36,621	–	0.30%	–
INTC	New	Intel Corp Com	$291,000	–	5,853	–	0.16%	–
TJX	New	Tjx Companies, Inc.	$291,000	–	3,055	–	0.16%	–
LOW	New	Lowe'S Companies Inc	$267,000	–	2,795	–	0.15%	–
TXN	New	Texas Instrs Inc Com	$266,000	–	2,413	–	0.15%	–
ANTM	New	Anthem, INC.	$264,000	–	1,109	–	0.15%	–
BMY	New	Bristol Myers Squibb Co Com	$257,000	–	4,644	–	0.14%	–
EMR	New	Emerson Elec Co Com	$257,000	–	3,724	–	0.14%	–
MCD	New	Mcdonalds Corp Com	$246,000	–	1,568	–	0.14%	–
LRCX	New	Lam Research Corp Com	$244,000	–	1,413	–	0.14%	–
PFE	New	Pfizer Inc Com	$241,000	–	6,646	–	0.13%	–
LMT	New	Lockheed Martin Corp Com	$239,000	–	808	–	0.13%	–
ETN	New	Eaton Corp Com	$236,000	–	3,158	–	0.13%	–
DIS	New	Disney Walt Company	$231,000	–	2,203	–	0.13%	–
PEP	New	PEPSICO INC COM	$230,000	–	2,116	–	0.13%	–
QCOM	New	Qualcomm Inc	$226,000	–	4,020	–	0.12%	–
JNJ	New	Johnson & Johnson Com	$223,000	–	1,834	–	0.12%	–
WMT	New	WALMART INCORPORATED	$218,000	–	2,547	–	0.12%	–
KMB	New	Kimberly Clark Corp Com	$213,000	–	2,024	–	0.12%	–
PG	New	Procter & Gamble Co Com	$212,000	–	2,716	–	0.12%	–
T	New	AT&T INCORPORATED	$205,000	–	6,385	–	0.11%	–
IBM	New	Intl Business Machines Corp	$205,000	–	1,471	–	0.11%	–
BTI	New	British Amern Tob Plc Sponsore	$192,000	–	3,814	–	0.11%	–
GIS	New	GENERAL MLS INCORPORATED	$183,000	–	4,133	–	0.10%	–
LYB	New	Lyondellbasell Industries Nv	$160,000	–	1,455	–	0.09%	–
MSFT	New	Microsoft Corp	$153,000	–	1,547	–	0.08%	–
BA	New	Boeing Co Com	$138,000	–	412	–	0.08%	–
CMI	New	Cummins Inc	$127,000	–	952	–	0.07%	–
	New	Gotham Enhanced Return Fund In	$127,000	–	8,697	–	0.07%	–
FRI	New	FIRST TRUST S&P REIT INDEX ETF	$100,000	–	4,284	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
CMI	Exit	CUMMINS INC	$0	–	-1,262	–	-0.06%	–
GIS	Exit	GENERAL MLS INC	$0	–	-4,515	–	-0.07%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$0	–	-745	–	-0.07%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,719	–	-0.07%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,622	–	-0.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-5,114	–	-0.08%	–
KO	Exit	COCA COLA CO	$0	–	-6,065	–	-0.08%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-4,471	–	-0.08%	–
PEP	Exit	PEPSICO INC	$0	–	-2,545	–	-0.08%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,399	–	-0.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,160	–	-0.08%	–
TJX	Exit	TJX COS INC NEW	$0	–	-3,881	–	-0.08%	–
PFE	Exit	PFIZER INC	$0	–	-8,244	–	-0.08%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,674	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-7,714	–	-0.09%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,849	–	-0.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,328	–	-0.09%	–
INTC	Exit	INTEL CORP	$0	–	-8,050	–	-0.09%	–
BA	Exit	BOEING CO	$0	–	-1,231	–	-0.09%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-4,952	–	-0.09%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,195	–	-0.09%	–
ETN	Exit	EATON CORP PLC	$0	–	-4,200	–	-0.09%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,100	–	-0.10%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,091	–	-0.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,554	–	-0.10%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,866	–	-0.10%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-4,146	–	-0.11%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-7,443	–	-0.23%	–
BKE	Exit	BUCKLE INC	$0	–	-58,055	–	-0.28%	–
DBEF	Exit	DBX ETF TRxtrak msci eafe	$0	–	-37,637	–	-0.34%	–
HEFA	Exit	ISHARES TRhdg msci eafe	$0	–	-41,164	–	-0.34%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,893	–	-0.38%	–
BCI	Exit	ETFS TR	$0	–	-55,027	–	-0.39%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-17,575	–	-0.41%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-28,127	–	-0.41%	–
SYNT	Exit	SYNTEL INC	$0	–	-85,891	–	-0.49%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-83,405	–	-0.50%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-36,265	–	-0.51%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-22,615	–	-0.53%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-78,334	–	-0.63%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-21,804	–	-0.74%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-10,421	–	-0.76%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-41,303	–	-0.88%	–
EWO	Exit	ISHARES INCaustria capd etf	$0	–	-131,356	–	-0.89%	–
RPXC	Exit	RPX CORP	$0	–	-239,993	–	-0.92%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-40,072	–	-0.94%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-58,427	–	-0.98%	–
MSGN	Exit	MSG NETWORK INCcl a	$0	–	-160,083	–	-0.98%	–
FXO	Exit	FIRST TR EXCHANGE TRADED FDfinls alphadex	$0	–	-122,450	–	-1.05%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-74,471	–	-1.06%	–
KFY	Exit	KORN FERRY INTL	$0	–	-93,989	–	-1.07%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-84,269	–	-1.17%	–
BBY	Exit	BEST BUY INC	$0	–	-71,119	–	-1.17%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,198	–	-1.20%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-56,781	–	-1.21%	–
HPQ	Exit	HP INC	$0	–	-220,328	–	-1.27%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-36,229	–	-1.31%	–
CSCO	Exit	CISCO SYS INC	$0	–	-139,374	–	-1.36%	–
DLX	Exit	DELUXE CORP	$0	–	-64,764	–	-1.37%	–
WNC	Exit	WABASH NATL CORP	$0	–	-209,824	–	-1.38%	–
FXR	Exit	FIRST TR EXCHANGE TRADED FDindls prod dur	$0	–	-129,292	–	-1.39%	–
AAPL	Exit	APPLE INC	$0	–	-32,442	–	-1.45%	–
FXL	Exit	FIRST TR EXCHANGE TRADED FDtech alphadex	$0	–	-106,180	–	-1.47%	–
AGX	Exit	ARGAN INC	$0	–	-79,851	–	-1.55%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-26,692	–	-1.59%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-59,298	–	-1.62%	–
ORCL	Exit	ORACLE CORP	$0	–	-116,849	–	-1.63%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-76,281	–	-1.83%	–
FTA	Exit	FIRST TR LRG CP VL ALPHADEX	$0	–	-134,448	–	-1.99%	–
FEX	Exit	FIRST TR LRGE CP CORE ALPHA	$0	–	-128,580	–	-2.04%	–
FDT	Exit	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$0	–	-175,093	–	-2.99%	–
FEM	Exit	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$0	–	-386,585	–	-3.06%	–
FRI	Exit	FIRST TR S&P REIT INDEX FD	$0	–	-748,023	–	-5.03%	–
FTGC	Exit	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$0	–	-1,065,393	–	-6.19%	–
FTSM	Exit	FIRST TR EXCHANGE TRADED FDfirst tr enh new	$0	–	-367,796	–	-6.38%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-339,172	–	-12.70%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-722,216	–	-17.63%	–

Q3 2017

			Value		Shares		↓ Weighting
SHY	Sell	ISHARES TR1 3 yr treas bd	$60,991,000	-21.0%	722,216	-21.0%	17.63%	-6.6%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$43,930,000	-3.0%	339,172	-6.8%	12.70%	+14.7%
FTSM	Sell	FIRST TR EXCHANGE TRADED FDfirst tr enh new	$22,068,000	-28.0%	367,796	-28.0%	6.38%	-14.8%
FTGC	Buy	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$21,414,000	+24.7%	1,065,393	+22.3%	6.19%	+47.5%
FRI	Sell	FIRST TR S&P REIT INDEX FD	$17,410,000	-41.1%	748,023	-41.2%	5.03%	-30.3%
FEM	Sell	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$10,577,000	-5.4%	386,585	-19.1%	3.06%	+11.9%
FDT	Sell	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$10,356,000	-29.5%	175,093	-34.2%	2.99%	-16.6%
FEX	Sell	FIRST TR LRGE CP CORE ALPHA	$7,059,000	-36.0%	128,580	-38.1%	2.04%	-24.3%
FTA	Sell	FIRST TR LRG CP VL ALPHADEX	$6,872,000	-36.9%	134,448	-38.1%	1.99%	-25.4%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$6,338,000	-14.1%	76,281	-14.0%	1.83%	+1.6%
ORCL	Sell	ORACLE CORP	$5,650,000	-11.6%	116,849	-8.4%	1.63%	+4.5%
MKSI	Sell	MKS INSTRUMENT INC	$5,601,000	+28.8%	59,298	-8.2%	1.62%	+52.4%
GD	Sell	GENERAL DYNAMICS CORP	$5,487,000	-5.2%	26,692	-8.6%	1.59%	+12.2%
AGX	Sell	ARGAN INC	$5,370,000	+2.7%	79,851	-8.4%	1.55%	+21.5%
FXL	Sell	FIRST TR EXCHANGE TRADED FDtech alphadex	$5,093,000	-31.7%	106,180	-38.1%	1.47%	-19.3%
AAPL	Sell	APPLE INC	$5,000,000	-1.2%	32,442	-7.7%	1.45%	+16.9%
FXR	Sell	FIRST TR EXCHANGE TRADED FDindls prod dur	$4,799,000	-35.0%	129,292	-38.1%	1.39%	-23.1%
WNC	Sell	WABASH NATL CORP	$4,788,000	-4.8%	209,824	-8.3%	1.38%	+12.6%
DLX	Sell	DELUXE CORP	$4,725,000	-3.4%	64,764	-8.3%	1.37%	+14.3%
CSCO	Sell	CISCO SYS INC	$4,687,000	-0.6%	139,374	-7.4%	1.36%	+17.6%
HPQ	Sell	HP INC	$4,398,000	+4.7%	220,328	-8.3%	1.27%	+23.9%
IDCC	Sell	INTERDIGITAL INC	$4,188,000	-12.5%	56,781	-8.3%	1.21%	+3.5%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,152,000	-3.1%	21,198	-8.3%	1.20%	+14.6%
BBY	Sell	BEST BUY INC	$4,051,000	-9.0%	71,119	-8.4%	1.17%	+7.6%
KORS	Sell	MICHAEL KORS HLDGS LTD	$4,032,000	+21.0%	84,269	-8.3%	1.17%	+43.2%
KFY	Sell	KORN FERRY INTL	$3,706,000	+4.3%	93,989	-8.6%	1.07%	+23.4%
VTIP	Buy	VANGUARD MALVERN FDSstrm infproidx	$3,683,000	+7.0%	74,471	+6.5%	1.06%	+26.6%
FXO	New	FIRST TR EXCHANGE TRADED FDfinls alphadex	$3,634,000	–	122,450	–	1.05%	–
MSGN	Sell	MSG NETWORK INCcl a	$3,394,000	-13.3%	160,083	-8.2%	0.98%	+2.5%
USNA	Sell	USANA HEALTH SCIENCES INC	$3,371,000	-17.6%	58,427	-8.4%	0.98%	-2.4%
GILD	Sell	GILEAD SCIENCES INC	$3,247,000	+6.2%	40,072	-7.2%	0.94%	+25.7%
RPXC	Sell	RPX CORP	$3,187,000	-12.7%	239,993	-8.3%	0.92%	+3.3%
EWO	Sell	ISHARES INCaustria capd etf	$3,076,000	-46.1%	131,356	-51.1%	0.89%	-36.3%
OMC	Sell	OMNICOM GROUP INC	$3,059,000	-18.0%	41,303	-8.2%	0.88%	-3.1%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$2,618,000	+22.9%	10,421	+18.3%	0.76%	+45.3%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$2,555,000	-17.3%	21,804	-8.4%	0.74%	-2.1%
VIAB	Sell	VIACOM INC NEWcl b	$2,181,000	-24.1%	78,334	-8.5%	0.63%	-10.1%
VYM	Sell	VANGUARD WHITEHALL FDS INChigh div yld	$1,833,000	-6.4%	22,615	-9.7%	0.53%	+10.9%
ACWX	Sell	ISHARES TRmsci acwi ex us	$1,753,000	-5.0%	36,265	-10.4%	0.51%	+12.4%
GME	Sell	GAMESTOP CORP NEWcl a	$1,723,000	-12.4%	83,405	-8.4%	0.50%	+3.5%
SYNT	Sell	SYNTEL INC	$1,688,000	+6.2%	85,891	-8.4%	0.49%	+25.4%
FLOT	New	ISHARES TRfltg rate nt etf	$1,433,000	–	28,127	–	0.41%	–
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,408,000	-7.5%	17,575	-7.6%	0.41%	+9.4%
BCI	New	ETFS TR	$1,358,000	–	55,027	–	0.39%	–
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,321,000	-7.3%	10,893	-7.9%	0.38%	+9.8%
HEFA	Buy	ISHARES TRhdg msci eafe	$1,191,000	+11.6%	41,164	+9.6%	0.34%	+31.8%
DBEF	Buy	DBX ETF TRxtrak msci eafe	$1,168,000	+22.0%	37,637	+18.0%	0.34%	+44.4%
BKE	Sell	BUCKLE INC	$978,000	-13.3%	58,055	-8.4%	0.28%	+2.5%
MBB	Sell	ISHARES TRmbs etf	$797,000	-7.2%	7,443	-7.4%	0.23%	+9.5%
TXN	Buy	TEXAS INSTRS INC	$372,000	+24.0%	4,146	+6.2%	0.11%	+47.9%
ANTM	Buy	ANTHEM INC	$354,000	+6.0%	1,866	+5.2%	0.10%	+24.4%
LMT	Buy	LOCKHEED MARTIN CORP	$339,000	+18.9%	1,091	+6.3%	0.10%	+40.0%
MSFT	Buy	MICROSOFT CORP	$339,000	+9.0%	4,554	+1.0%	0.10%	+28.9%
MCD	Buy	MCDONALDS CORP	$329,000	+8.2%	2,100	+5.9%	0.10%	+28.4%
ETN	Buy	EATON CORP PLC	$323,000	+5.6%	4,200	+6.8%	0.09%	+24.0%
NEE	Buy	NEXTERA ENERGY INC	$322,000	+10.7%	2,195	+5.8%	0.09%	+31.0%
EMR	Buy	EMERSON ELEC CO	$311,000	+13.9%	4,952	+8.0%	0.09%	+34.3%
BA	Sell	BOEING CO	$313,000	-9.3%	1,231	-29.5%	0.09%	+7.1%
INTC	Buy	INTEL CORP	$307,000	+23.8%	8,050	+9.7%	0.09%	+45.9%
JNJ	Buy	JOHNSON & JOHNSON	$303,000	+4.8%	2,328	+6.6%	0.09%	+23.9%
WMT	Buy	WAL-MART STORES INC	$301,000	+10.3%	3,849	+6.9%	0.09%	+29.9%
T	Buy	AT&T INC	$302,000	+12.7%	7,714	+8.5%	0.09%	+33.8%
MRK	Buy	MERCK & CO INC	$299,000	+8.3%	4,674	+8.5%	0.09%	+28.4%
PFE	Buy	PFIZER INC	$294,000	+16.2%	8,244	+9.4%	0.08%	+37.1%
PG	Buy	PROCTER AND GAMBLE CO	$287,000	+13.0%	3,160	+8.6%	0.08%	+33.9%
TJX	Buy	TJX COS INC NEW	$286,000	+11.7%	3,881	+9.3%	0.08%	+31.7%
KMB	Buy	KIMBERLY CLARK CORP	$282,000	-0.7%	2,399	+8.9%	0.08%	+18.8%
PEP	Buy	PEPSICO INC	$284,000	+3.6%	2,545	+7.2%	0.08%	+22.4%
BTI	Buy	BRITISH AMERN TOB PLCsponsored adr	$279,000	-1.4%	4,471	+8.3%	0.08%	+17.4%
KO	Buy	COCA COLA CO	$273,000	+9.2%	6,065	+8.7%	0.08%	+29.5%
QCOM	Buy	QUALCOMM INC	$265,000	+6.4%	5,114	+13.2%	0.08%	+26.2%
DIS	Buy	DISNEY WALT CO	$258,000	+3.6%	2,622	+11.7%	0.08%	+23.0%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$249,000	+6.9%	1,719	+13.5%	0.07%	+26.3%
GIS	Buy	GENERAL MLS INC	$234,000	+5.9%	4,515	+13.0%	0.07%	+25.9%
CMI	New	CUMMINS INC	$212,000	–	1,262	–	0.06%	–
DE	Exit	DEERE & CO	$0	–	-2,414	–	-0.07%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-16,861	–	-0.16%	–
FTSL	Exit	FIRST TR EXCHANGE TRADED FDsenior ln fd	$0	–	-17,762	–	-0.21%	–
FBZ	Exit	FIRST TR EXCH TRD ALPHA FD Ibrazil alphadex	$0	–	-344,275	–	-1.16%	–
FXZ	Exit	FIRST TR EXCHANGE TRADED FDmaterials alph	$0	–	-134,832	–	-1.27%	–

Q2 2017

			Value		Shares		↓ Weighting
SHY	New	ISHARES TR1-3 yr tr bd etf	$77,217,000	–	913,921	–	18.87%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$45,302,000	–	364,016	–	11.07%	–
FTSM	New	FIRST TR EXCHANGE TRADED FDfirst tr enh new	$30,633,000	–	510,594	–	7.49%	–
FRI	New	FIRST TR S&P REIT INDEX FD	$29,546,000	–	1,271,884	–	7.22%	–
FTGC	New	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$17,176,000	–	871,456	–	4.20%	–
FDT	New	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$14,698,000	–	266,132	–	3.59%	–
FEM	New	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$11,185,000	–	478,114	–	2.73%	–
FEX	New	FIRST TR LRGE CP CORE ALPHA	$11,037,000	–	207,610	–	2.70%	–
FTA	New	FIRST TR LRG CP VL ALPHADEX	$10,892,000	–	217,054	–	2.66%	–
FXL	New	FIRST TR EXCHANGE TRADED FDtech alphadex	$7,460,000	–	171,406	–	1.82%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$7,380,000	–	88,674	–	1.80%	–
FXR	New	FIRST TR EXCHANGE TRADED FDindls prod dur	$7,382,000	–	208,763	–	1.80%	–
ORCL	New	ORACLE CORP	$6,395,000	–	127,540	–	1.56%	–
GD	New	GENERAL DYNAMICS CORP	$5,787,000	–	29,212	–	1.41%	–
EWO	New	ISHARESaustria capd etf	$5,707,000	–	268,714	–	1.40%	–
AGX	New	ARGAN INC	$5,229,000	–	87,150	–	1.28%	–
FXZ	New	FIRST TR EXCHANGE TRADED FDmaterials alph	$5,207,000	–	134,832	–	1.27%	–
AAPL	New	APPLE INC	$5,062,000	–	35,150	–	1.24%	–
WNC	New	WABASH NATL CORP	$5,030,000	–	228,830	–	1.23%	–
DLX	New	DELUXE CORP	$4,890,000	–	70,642	–	1.20%	–
IDCC	New	INTERDIGITAL INC	$4,786,000	–	61,910	–	1.17%	–
FBZ	New	FIRST TR EXCH TRD ALPHA FD Ibrazil alphadex	$4,748,000	–	344,275	–	1.16%	–
CSCO	New	CISCO SYS INC	$4,713,000	–	150,566	–	1.15%	–
BBY	New	BEST BUY INC	$4,451,000	–	77,632	–	1.09%	–
MKSI	New	MKS INSTRUMENT INC	$4,347,000	–	64,592	–	1.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$4,312,000	–	36,229	–	1.05%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,285,000	–	23,110	–	1.05%	–
HPQ	New	HP INC	$4,201,000	–	240,351	–	1.03%	–
USNA	New	USANA HEALTH SCIENCES INC	$4,089,000	–	63,790	–	1.00%	–
MSGN	New	MSG NETWORK INCcl a	$3,916,000	–	174,424	–	0.96%	–
OMC	New	OMNICOM GROUP INC	$3,730,000	–	44,998	–	0.91%	–
RPXC	New	RPX CORP	$3,652,000	–	261,796	–	0.89%	–
KFY	New	KORN FERRY INTL	$3,552,000	–	102,855	–	0.87%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$3,442,000	–	69,910	–	0.84%	–
KORS	New	MICHAEL KORS HLDGS LTD	$3,331,000	–	91,877	–	0.81%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$3,088,000	–	23,807	–	0.76%	–
GILD	New	GILEAD SCIENCES INC	$3,056,000	–	43,171	–	0.75%	–
VIAB	New	VIACOM INC NEWcl b	$2,874,000	–	85,610	–	0.70%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,130,000	–	8,807	–	0.52%	–
GME	New	GAMESTOP CORP NEWcl a	$1,968,000	–	91,084	–	0.48%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,958,000	–	25,048	–	0.48%	–
ACWX	New	ISHARES TRmsci acwi ex us	$1,845,000	–	40,480	–	0.45%	–
SYNT	New	SYNTEL INC	$1,590,000	–	93,749	–	0.39%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,522,000	–	19,021	–	0.37%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,425,000	–	11,826	–	0.35%	–
BKE	New	BUCKLE INC	$1,128,000	–	63,397	–	0.28%	–
HEFA	New	ISHARES TRhdg msci eafe	$1,067,000	–	37,546	–	0.26%	–
DBEF	New	DBX ETF TRxtrak msci eafe	$957,000	–	31,892	–	0.23%	–
FTSL	New	FIRST TR EXCHANGE TRADED FDsenior ln fd	$859,000	–	17,762	–	0.21%	–
MBB	New	ISHARES TRmbs etf	$859,000	–	8,042	–	0.21%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$660,000	–	16,861	–	0.16%	–
BA	New	BOEING CO	$345,000	–	1,745	–	0.08%	–
ANTM	New	ANTHEM INC	$334,000	–	1,773	–	0.08%	–
MSFT	New	MICROSOFT CORP	$311,000	–	4,508	–	0.08%	–
ETN	New	EATON CORP PLC	$306,000	–	3,934	–	0.08%	–
MCD	New	MCDONALDS CORP	$304,000	–	1,983	–	0.07%	–
DE	New	DEERE & CO	$298,000	–	2,414	–	0.07%	–
TXN	New	TEXAS INSTRS INC	$300,000	–	3,905	–	0.07%	–
JNJ	New	JOHNSON & JOHNSON	$289,000	–	2,183	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$291,000	–	2,075	–	0.07%	–
LMT	New	LOCKHEED MARTIN CORP	$285,000	–	1,026	–	0.07%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$283,000	–	4,129	–	0.07%	–
KMB	New	KIMBERLY CLARK CORP	$284,000	–	2,203	–	0.07%	–
MRK	New	MERCK & CO INC	$276,000	–	4,306	–	0.07%	–
EMR	New	EMERSON ELEC CO	$273,000	–	4,584	–	0.07%	–
WMT	New	WAL-MART STORES INC	$273,000	–	3,601	–	0.07%	–
PEP	New	PEPSICO INC	$274,000	–	2,375	–	0.07%	–
T	New	AT&T INC	$268,000	–	7,108	–	0.06%	–
TJX	New	TJX COS INC NEW	$256,000	–	3,552	–	0.06%	–
PFE	New	PFIZER INC	$253,000	–	7,534	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$254,000	–	2,911	–	0.06%	–
DIS	New	DISNEY WALT CO	$249,000	–	2,348	–	0.06%	–
QCOM	New	QUALCOMM INC	$249,000	–	4,518	–	0.06%	–
KO	New	COCA COLA CO	$250,000	–	5,580	–	0.06%	–
INTC	New	INTEL CORP	$248,000	–	7,337	–	0.06%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$237,000	–	745	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$233,000	–	1,514	–	0.06%	–
GIS	New	GENERAL MLS INC	$221,000	–	3,995	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
BKE	Exit	BUCKLE INC	$0	–	-102,438	–	-0.41%	–
KFY	Exit	KORN FERRY INTL	$0	–	-165,580	–	-0.58%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-36,229	–	-0.63%	–
CALM	Exit	CAL MAINE FOODS INC	$0	–	-103,593	–	-0.66%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-147,599	–	-0.68%	–
ENTA	Exit	ENANTA PHARMACEUTICALS INC	$0	–	-156,547	–	-0.69%	–
RPXC	Exit	RPX CORP	$0	–	-420,360	–	-0.75%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-38,210	–	-0.75%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-235,646	–	-0.83%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-546,500	–	-0.84%	–
STRZA	Exit	STARZ	$0	–	-163,654	–	-0.85%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-36,797	–	-0.86%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-65,130	–	-0.86%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-138,236	–	-0.88%	–
AAPL	Exit	APPLE INC	$0	–	-52,049	–	-0.98%	–
SYNT	Exit	SYNTEL INC	$0	–	-151,486	–	-1.06%	–
FPRX	Exit	FIVE PRIME THERAPEUTICS INC	$0	–	-123,148	–	-1.08%	–
WNC	Exit	WABASH NATL CORP	$0	–	-479,594	–	-1.14%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-51,222	–	-1.18%	–
CSCO	Exit	CISCO SYS INC	$0	–	-228,151	–	-1.20%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-47,243	–	-1.22%	–
DLX	Exit	DELUXE CORP	$0	–	-113,239	–	-1.26%	–
ORCL	Exit	ORACLE CORP	$0	–	-204,436	–	-1.34%	–
MKSI	Exit	MKS INSTRUMENT INC	$0	–	-163,298	–	-1.35%	–
AGX	Exit	ARGAN INC	$0	–	-139,785	–	-1.38%	–
EPHE	Exit	ISHARES TRmsci philips etf	$0	–	-241,789	–	-1.50%	–
FBZ	Exit	FIRST TR EXCH TRD ALPHA FD Ibrazil alpha	$0	–	-662,928	–	-1.51%	–
FKO	Exit	FIRST TR EXCH TRD ALPHA FD Isth korea alph	$0	–	-380,652	–	-1.56%	–
EIDO	Exit	ISHARES TRmsci indonia etf	$0	–	-355,870	–	-1.57%	–
ENZL	Exit	ISHARESnw zealnd cp etf	$0	–	-202,861	–	-1.58%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-127,207	–	-1.68%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-124,670	–	-1.80%	–
FXG	Exit	FIRST TR EXCHANGE TRADED FDconsumr staple	$0	–	-551,349	–	-4.26%	–
FXU	Exit	FIRST TR EXCHANGE TRADED FDutilities alph	$0	–	-1,016,785	–	-4.39%	–
FXZ	Exit	FIRST TR EXCHANGE TRADED FDmaterials alph	$0	–	-792,080	–	-4.51%	–
FDL	Exit	FIRST TR MORNINGSTAR DIV LEA	$0	–	-1,017,037	–	-4.62%	–
FDT	Exit	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$0	–	-822,152	–	-6.74%	–
FRI	Exit	FIRST TR S&P REIT INDEX FD	$0	–	-2,205,417	–	-8.89%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-512,179	–	-11.73%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-1,090,130	–	-20.21%	–

Q3 2016

			Value		Shares		↓ Weighting
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$121,364,000	-5.9%	1,090,130	-9.5%	20.21%	+0.8%
TLT	Sell	ISHARES TR20 yr tr bd etf	$70,430,000	-3.4%	512,179	-2.5%	11.73%	+3.5%
FRI	Sell	FIRST TR S&P REIT INDEX FD	$53,393,000	-3.3%	2,205,417	-1.4%	8.89%	+3.6%
FDT	New	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$40,491,000	–	822,152	–	6.74%	–
FDL	Sell	FIRST TR MORNINGSTAR DIV LEA	$27,735,000	-1.2%	1,017,037	-2.8%	4.62%	+5.9%
FXZ	New	FIRST TR EXCHANGE TRADED FDmaterials alph	$27,089,000	–	792,080	–	4.51%	–
FXU	Sell	FIRST TR EXCHANGE TRADED FDutilities alph	$26,365,000	-6.7%	1,016,785	-2.8%	4.39%	-0.1%
FXG	Sell	FIRST TR EXCHANGE TRADED FDconsumr staple	$25,599,000	-6.6%	551,349	-2.7%	4.26%	+0.1%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$10,814,000	-3.1%	124,670	-0.9%	1.80%	+3.8%
IDCC	Sell	INTERDIGITAL INC	$10,075,000	+28.6%	127,207	-9.6%	1.68%	+37.8%
ENZL	New	ISHARESnw zealnd cp etf	$9,504,000	–	202,861	–	1.58%	–
EIDO	New	ISHARES TRmsci indonia etf	$9,409,000	–	355,870	–	1.57%	–
FKO	New	FIRST TR EXCH TRD ALPHA FD Isth korea alph	$9,340,000	–	380,652	–	1.56%	–
FBZ	New	FIRST TR EXCH TRD ALPHA FD Ibrazil alpha	$9,095,000	–	662,928	–	1.51%	–
EPHE	Sell	ISHARES TRmsci philips etf	$9,009,000	-7.1%	241,789	-2.3%	1.50%	-0.5%
AGX	Sell	ARGAN INC	$8,274,000	+1.7%	139,785	-28.3%	1.38%	+8.9%
MKSI	Sell	MKS INSTRUMENT INC	$8,121,000	+4.7%	163,298	-9.4%	1.35%	+12.1%
ORCL	Sell	ORACLE CORP	$8,030,000	-13.3%	204,436	-9.6%	1.34%	-7.1%
DLX	Sell	DELUXE CORP	$7,567,000	-9.0%	113,239	-9.6%	1.26%	-2.5%
GD	Sell	GENERAL DYNAMICS CORP	$7,330,000	+0.9%	47,243	-9.5%	1.22%	+8.1%
CSCO	Sell	CISCO SYS INC	$7,237,000	-0.0%	228,151	-9.6%	1.20%	+7.1%
USNA	Sell	USANA HEALTH SCIENCES INC	$7,087,000	+12.2%	51,222	-9.6%	1.18%	+20.2%
WNC	Sell	WABASH NATL CORP	$6,829,000	+1.5%	479,594	-9.5%	1.14%	+8.7%
FPRX	Sell	FIVE PRIME THERAPEUTICS INC	$6,464,000	+15.2%	123,148	-9.3%	1.08%	+23.4%
SYNT	Sell	SYNTEL INC	$6,349,000	-16.3%	151,486	-9.6%	1.06%	-10.3%
AAPL	Sell	APPLE INC	$5,884,000	+7.0%	52,049	-9.5%	0.98%	+14.6%
VIAB	Sell	VIACOM INC NEWcl b	$5,267,000	-17.0%	138,236	-9.6%	0.88%	-11.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$5,152,000	-10.1%	36,797	-9.4%	0.86%	-3.7%
GILD	Sell	GILEAD SCIENCES INC	$5,153,000	-14.2%	65,130	-9.6%	0.86%	-8.1%
STRZA	Sell	STARZ	$5,104,000	-5.4%	163,654	-9.3%	0.85%	+1.3%
BRCD	Sell	BROCADE COMMUNICATIONS SYS I	$5,044,000	-8.9%	546,500	-9.4%	0.84%	-2.4%
PPC	Sell	PILGRIMS PRIDE CORP NEW	$4,977,000	-25.1%	235,646	-9.6%	0.83%	-19.7%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$4,512,000	+0.9%	38,210	-9.5%	0.75%	+8.1%
RPXC	Sell	RPX CORP	$4,494,000	+5.8%	420,360	-9.3%	0.75%	+13.3%
ENTA	Sell	ENANTA PHARMACEUTICALS INC	$4,166,000	+9.5%	156,547	-9.3%	0.69%	+17.4%
GME	Sell	GAMESTOP CORP NEWcl a	$4,072,000	-6.0%	147,599	-9.5%	0.68%	+0.6%
CALM	Sell	CAL MAINE FOODS INC	$3,992,000	-21.3%	103,593	-9.5%	0.66%	-15.6%
KFY	Sell	KORN FERRY INTL	$3,477,000	-7.4%	165,580	-8.7%	0.58%	-0.7%
BKE	Sell	BUCKLE INC	$2,462,000	-16.5%	102,438	-9.6%	0.41%	-10.5%
EWN	Exit	ISHARESmsci netherl etf	$0	–	-381,382	–	-1.37%	–
EDEN	Exit	ISHARES TRmsci denmrk etf	$0	–	-166,164	–	-1.43%	–
TUR	Exit	ISHARESmsci turkey etf	$0	–	-239,548	–	-1.48%	–
EWK	Exit	ISHARESbelgium capd etf	$0	–	-536,960	–	-1.48%	–
FEX	Exit	FIRST TR LRGE CP CORE ALPHA	$0	–	-593,770	–	-4.16%	–
FTGC	Exit	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$0	–	-2,880,234	–	-9.69%	–

Q2 2016

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$129,014,000	–	1,203,941	–	20.05%	–
TLT	New	ISHARES TR20 yr tr bd etf	$72,937,000	–	525,104	–	11.34%	–
FTGC	New	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$62,357,000	–	2,880,234	–	9.69%	–
FRI	New	FIRST TR S&P REIT INDEX FD	$55,208,000	–	2,236,950	–	8.58%	–
FXU	New	FIRST TR EXCHANGE TRADED FDutilities alph	$28,267,000	–	1,045,751	–	4.39%	–
FDL	New	FIRST TR MORNINGSTAR DIV LEA	$28,063,000	–	1,045,965	–	4.36%	–
FXG	New	FIRST TR EXCHANGE TRADED FDconsumr staple	$27,411,000	–	566,693	–	4.26%	–
FEX	New	FIRST TR LRGE CP CORE ALPHA	$26,749,000	–	593,770	–	4.16%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$11,160,000	–	125,860	–	1.74%	–
EPHE	New	ISHARES TRmsci philips etf	$9,694,000	–	247,490	–	1.51%	–
EWK	New	ISHARESbelgium capd etf	$9,510,000	–	536,960	–	1.48%	–
TUR	New	ISHARESmsci turkey etf	$9,498,000	–	239,548	–	1.48%	–
ORCL	New	ORACLE CORP	$9,260,000	–	226,233	–	1.44%	–
EDEN	New	ISHARES TRmsci denmrk etf	$9,199,000	–	166,164	–	1.43%	–
EWN	New	ISHARESmsci netherl etf	$8,829,000	–	381,382	–	1.37%	–
DLX	New	DELUXE CORP	$8,314,000	–	125,267	–	1.29%	–
AGX	New	ARGAN INC	$8,136,000	–	195,014	–	1.26%	–
IDCC	New	INTERDIGITAL INC	$7,836,000	–	140,726	–	1.22%	–
MKSI	New	MKS INSTRUMENT INC	$7,758,000	–	180,158	–	1.21%	–
SYNT	New	SYNTEL INC	$7,588,000	–	167,652	–	1.18%	–
GD	New	GENERAL DYNAMICS CORP	$7,267,000	–	52,191	–	1.13%	–
CSCO	New	CISCO SYS INC	$7,240,000	–	252,337	–	1.12%	–
WNC	New	WABASH NATL CORP	$6,729,000	–	529,852	–	1.05%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$6,641,000	–	260,654	–	1.03%	–
VIAB	New	VIACOM INC NEWcl b	$6,345,000	–	152,991	–	0.99%	–
USNA	New	USANA HEALTH SCIENCES INC	$6,317,000	–	56,689	–	0.98%	–
GILD	New	GILEAD SCIENCES INC	$6,009,000	–	72,037	–	0.93%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,732,000	–	40,597	–	0.89%	–
FPRX	New	FIVE PRIME THERAPEUTICS INC	$5,612,000	–	135,722	–	0.87%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$5,538,000	–	603,224	–	0.86%	–
AAPL	New	APPLE INC	$5,501,000	–	57,539	–	0.86%	–
STRZA	New	STARZ	$5,398,000	–	180,414	–	0.84%	–
CALM	New	CAL MAINE FOODS INC	$5,073,000	–	114,458	–	0.79%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$4,470,000	–	42,203	–	0.70%	–
GME	New	GAMESTOP CORP NEWcl a	$4,334,000	–	163,052	–	0.67%	–
RPXC	New	RPX CORP	$4,249,000	–	463,320	–	0.66%	–
ENTA	New	ENANTA PHARMACEUTICALS INC	$3,805,000	–	172,557	–	0.59%	–
KFY	New	KORN FERRY INTL	$3,753,000	–	181,281	–	0.58%	–
IWF	New	ISHARES TRrus 1000 grw etf	$3,636,000	–	36,229	–	0.56%	–
BKE	New	BUCKLE INC	$2,947,000	–	113,372	–	0.46%	–

Q4 2015

			Value		Shares		↓ Weighting
HEFA	Exit	ISHARES TRhdg msci eafe	$0	–	-9,511	–	-0.04%	–
FTSM	Exit	FIRST TR EXCHANGE TRADED FDfirst tr enh new	$0	–	-5,486	–	-0.05%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-30,558	–	-0.06%	–
FXR	Exit	FIRST TR EXCHANGE TRADED FDindls prod dur	$0	–	-15,780	–	-0.06%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-10,791	–	-0.06%	–
SPLV	Exit	POWERSHARES ETF TR IIs&p500 low vol	$0	–	-14,792	–	-0.08%	–
FXL	Exit	FIRST TR EXCHANGE TRADED FDtech alphadex	$0	–	-23,488	–	-0.11%	–
PHDG	Exit	POWERSHARES ACTIVE MNG ETF Ts&p500 dwnhdge	$0	–	-34,016	–	-0.12%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-35,147	–	-0.13%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-22,611	–	-0.13%	–
AGX	Exit	ARGAN INC	$0	–	-26,604	–	-0.14%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-10,263	–	-0.15%	–
FTSL	Exit	FIRST TR EXCHANGE TRADED FDsenior ln fd	$0	–	-21,258	–	-0.16%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-11,032	–	-0.18%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-22,429	–	-0.27%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-17,680	–	-0.31%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-22,229	–	-0.31%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-45,989	–	-0.34%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-39,686	–	-0.38%	–
TSRA	Exit	TESSERA TECHNOLOGIES INC	$0	–	-103,844	–	-0.51%	–
LCI	Exit	LANNET INC	$0	–	-95,938	–	-0.60%	–
UIS	Exit	UNISYS CORP	$0	–	-340,484	–	-0.61%	–
NLNK	Exit	NEWLINK GENETICS CORP	$0	–	-115,168	–	-0.62%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-104,450	–	-0.65%	–
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-1,031,540	–	-0.78%	–
NSR	Exit	NEUSTAR INCcl a	$0	–	-201,898	–	-0.83%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-414,612	–	-0.85%	–
BKE	Exit	BUCKLE INC	$0	–	-163,024	–	-0.91%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-104,254	–	-1.01%	–
PPC	Exit	PILGRIMS PRIDE CORP NEW	$0	–	-374,811	–	-1.18%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-218,834	–	-1.24%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-113,101	–	-1.27%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-328,058	–	-1.27%	–
ENTA	Exit	ENANTA PHARMACEUTICALS INC	$0	–	-247,856	–	-1.36%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-172,740	–	-1.36%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYS I	$0	–	-867,360	–	-1.36%	–
OUTR	Exit	OUTERWALL INC	$0	–	-159,876	–	-1.38%	–
AAPL	Exit	APPLE INC	$0	–	-82,877	–	-1.38%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-205,942	–	-1.40%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-219,998	–	-1.44%	–
CSCO	Exit	CISCO SYS INC	$0	–	-363,215	–	-1.44%	–
GME	Exit	GAMESTOP CORP NEWcl a	$0	–	-233,677	–	-1.46%	–
BBY	Exit	BEST BUY INC	$0	–	-260,035	–	-1.46%	–
STRZA	Exit	STARZ	$0	–	-258,781	–	-1.46%	–
DLX	Exit	DELUXE CORP	$0	–	-180,555	–	-1.52%	–
DEPO	Exit	DEPOMED INC	$0	–	-535,354	–	-1.53%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-103,649	–	-1.54%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-288,985	–	-1.55%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-203,083	–	-1.55%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-75,010	–	-1.56%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-81,230	–	-1.65%	–
SYNT	Exit	SYNTEL INC	$0	–	-241,770	–	-1.66%	–
HRB	Exit	BLOCK H & R INC	$0	–	-314,081	–	-1.72%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-116,917	–	-1.74%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-262,576	–	-1.75%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-448,719	–	-1.78%	–
ORCL	Exit	ORACLE CORP	$0	–	-325,889	–	-1.78%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-171,224	–	-2.50%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-162,644	–	-2.85%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-313,545	–	-3.58%	–
FXH	Exit	FIRST TR EXCHANGE TRADED FDhlth care alph	$0	–	-429,192	–	-3.78%	–
FXG	Exit	FIRST TR EXCHANGE TRADED FDconsumr staple	$0	–	-613,521	–	-3.89%	–
FTC	Exit	FIRST TR LRG CP GRWTH ALPHAD	$0	–	-563,407	–	-3.89%	–
FXD	Exit	FIRST TR EXCHANGE TRADED FDconsumr discre	$0	–	-754,299	–	-3.91%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-163,767	–	-4.75%	–
FRI	Exit	FIRST TR S&P REIT INDEX FD	$0	–	-2,139,485	–	-6.76%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-921,572	–	-11.85%	–

Q3 2015

			Value		Shares		↓ Weighting
SHY	Buy	ISHARES TR1-3 yr tr bd etf	$78,324,000	+11.0%	921,572	+10.8%	11.85%	+15.8%
FRI	Buy	FIRST TR S&P REIT INDEX FD	$44,672,000	+17.0%	2,139,485	+15.5%	6.76%	+22.0%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$31,383,000	-7.7%	163,767	-0.8%	4.75%	-3.7%
FXD	Buy	FIRST TR EXCHANGE TRADED FDconsumr discre	$25,850,000	+17.5%	754,299	+25.2%	3.91%	+22.5%
FTC	Buy	FIRST TR LRG CP GRWTH ALPHAD	$25,731,000	+14.3%	563,407	+21.6%	3.89%	+19.2%
FXG	New	FIRST TR EXCHANGE TRADED FDconsumr staple	$25,713,000	–	613,521	–	3.89%	–
FXH	Buy	FIRST TR EXCHANGE TRADED FDhlth care alph	$24,979,000	-3.3%	429,192	+14.4%	3.78%	+0.9%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$23,685,000	+4.1%	313,545	+2.9%	3.58%	+8.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$18,868,000	-5.7%	162,644	-0.8%	2.85%	-1.6%
CVS	Sell	CVS HEALTH CORP	$16,520,000	-8.7%	171,224	-0.7%	2.50%	-4.7%
ORCL	Sell	ORACLE CORP	$11,771,000	-10.9%	325,889	-0.6%	1.78%	-7.1%
BAH	Sell	BOOZ ALLEN HAMILTON HLDG CORcl a	$11,761,000	+3.2%	448,719	-0.6%	1.78%	+7.7%
WNR	Sell	WESTERN REFNG INC	$11,585,000	+0.6%	262,576	-0.6%	1.75%	+4.9%
ACN	Sell	ACCENTURE PLC IRELAND	$11,488,000	+1.1%	116,917	-0.4%	1.74%	+5.5%
HRB	Sell	BLOCK H & R INC	$11,370,000	+21.4%	314,081	-0.6%	1.72%	+26.7%
SYNT	Sell	SYNTEL INC	$10,955,000	-5.2%	241,770	-0.6%	1.66%	-1.1%
USNA	Sell	USANA HEALTH SCIENCES INC	$10,887,000	-23.6%	81,230	-22.1%	1.65%	-20.3%
GD	Sell	GENERAL DYNAMICS CORP	$10,348,000	-3.1%	75,010	-0.5%	1.56%	+1.0%
IDCC	Sell	INTERDIGITAL INC	$10,276,000	-11.5%	203,083	-0.5%	1.55%	-7.7%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$10,255,000	-9.8%	288,985	-0.6%	1.55%	-5.9%
GILD	Sell	GILEAD SCIENCES INC	$10,177,000	-16.7%	103,649	-0.6%	1.54%	-13.1%
DEPO	Sell	DEPOMED INC	$10,091,000	-12.5%	535,354	-0.4%	1.53%	-8.8%
DLX	Sell	DELUXE CORP	$10,064,000	-10.6%	180,555	-0.5%	1.52%	-6.7%
STRZA	New	STARZ	$9,663,000	–	258,781	–	1.46%	–
BBY	Sell	BEST BUY INC	$9,652,000	+13.1%	260,035	-0.7%	1.46%	+17.9%
GME	New	GAMESTOP CORP NEWcl a	$9,630,000	–	233,677	–	1.46%	–
CSCO	Sell	CISCO SYS INC	$9,534,000	-5.0%	363,215	-0.6%	1.44%	-0.9%
VIAB	Sell	VIACOM INC NEWcl b	$9,493,000	-33.8%	219,998	-0.9%	1.44%	-31.0%
CF	Sell	CF INDS HLDGS INC	$9,247,000	-30.5%	205,942	-0.5%	1.40%	-27.5%
AAPL	Sell	APPLE INC	$9,141,000	-12.3%	82,877	-0.3%	1.38%	-8.5%
OUTR	New	OUTERWALL INC	$9,102,000	–	159,876	–	1.38%	–
BRCD	New	BROCADE COMMUNICATIONS SYS I	$9,003,000	–	867,360	–	1.36%	–
DFS	Sell	DISCOVER FINL SVCS	$8,981,000	-10.2%	172,740	-0.5%	1.36%	-6.3%
ENTA	New	ENANTA PHARMACEUTICALS INC	$8,958,000	–	247,856	–	1.36%	–
HPQ	Sell	HEWLETT PACKARD CO	$8,402,000	-15.2%	328,058	-0.7%	1.27%	-11.6%
AXP	Sell	AMERICAN EXPRESS CO	$8,384,000	-5.0%	113,101	-0.4%	1.27%	-0.9%
MYGN	Sell	MYRIAD GENETICS INC	$8,202,000	-9.5%	218,834	-17.9%	1.24%	-5.6%
PPC	Sell	PILGRIMS PRIDE CORP NEW	$7,789,000	-10.2%	374,811	-0.8%	1.18%	-6.4%
MNKKQ	Sell	MALLINCKRODT PUB LTD CO	$6,666,000	-45.9%	104,254	-0.5%	1.01%	-43.6%
BKE	Sell	BUCKLE INC	$6,027,000	-19.9%	163,024	-0.8%	0.91%	-16.4%
ICON	Sell	ICONIX BRAND GROUP INC	$5,606,000	-46.4%	414,612	-1.0%	0.85%	-44.1%
NSR	Sell	NEUSTAR INCcl a	$5,494,000	-6.9%	201,898	-0.1%	0.83%	-2.9%
PDLI	Sell	PDL BIOPHARMA INC	$5,189,000	-22.2%	1,031,540	-0.6%	0.78%	-18.8%
NUS	Sell	NU SKIN ENTERPRISES INCcl a	$4,312,000	-13.2%	104,450	-0.8%	0.65%	-9.4%
NLNK	Sell	NEWLINK GENETICS CORP	$4,128,000	-19.1%	115,168	-0.0%	0.62%	-15.7%
UIS	Sell	UNISYS CORP	$4,052,000	-40.8%	340,484	-0.5%	0.61%	-38.2%
LCI	Sell	LANNET INC	$3,983,000	-30.4%	95,938	-0.3%	0.60%	-27.4%
TSRA	Sell	TESSERA TECHNOLOGIES INC	$3,366,000	-70.1%	103,844	-65.0%	0.51%	-68.8%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$2,486,000	+36.8%	39,686	+47.0%	0.38%	+43.0%
VTIP	Buy	VANGUARD MALVERN FDSstrm infproidx	$2,225,000	+47.7%	45,989	+48.7%	0.34%	+54.6%
IWF	Buy	ISHARES TRrus 1000 grw etf	$2,067,000	+3.2%	22,229	+9.9%	0.31%	+7.9%
LQD	Buy	ISHARES TRiboxx inv cp etf	$2,052,000	+39.0%	17,680	+38.6%	0.31%	+44.9%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,788,000	+17.9%	22,429	+17.7%	0.27%	+22.7%
MBB	Buy	ISHARES TRmbs etf	$1,209,000	+33.3%	11,032	+32.2%	0.18%	+38.6%
FTSL	Buy	FIRST TR EXCHANGE TRADED FDsenior ln fd	$1,026,000	+35.0%	21,258	+36.7%	0.16%	+40.9%
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,013,000	–	10,263	–	0.15%	–
AGX	New	ARGAN INC	$923,000	–	26,604	–	0.14%	–
PFF	Buy	ISHARES TRu.s. pfd stk etf	$873,000	+16.1%	22,611	+17.9%	0.13%	+21.1%
TBF	Buy	PROSHARES TRshrt 20+yr tre	$862,000	+10.1%	35,147	+17.7%	0.13%	+14.0%
PHDG	Buy	POWERSHARES ACTIVE MNG ETF Ts&p500 dwnhdge	$818,000	+13.8%	34,016	+22.4%	0.12%	+19.2%
FXL	Sell	FIRST TR EXCHANGE TRADED FDtech alphadex	$743,000	-96.8%	23,488	-96.4%	0.11%	-96.7%
SPLV	Buy	POWERSHARES ETF TR IIs&p500 low vol	$532,000	+16.2%	14,792	+18.3%	0.08%	+21.2%
PCL	Buy	PLUM CREEK TIMBER CO INC	$426,000	+45.4%	10,791	+49.2%	0.06%	+52.4%
AMLP	Buy	ALPS ETF TRalerian mlp	$381,000	-5.2%	30,558	+18.3%	0.06%	0.0%
FTSM	New	FIRST TR EXCHANGE TRADED FDfirst tr enh new	$329,000	–	5,486	–	0.05%	–
HEFA	New	ISHARES TRhdg msci eafe	$234,000	–	9,511	–	0.04%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-6,875	–	-0.06%	–
PCY	Exit	POWERSHARES GLOBAL ETF TRUSTsovereign debt	$0	–	-26,425	–	-0.11%	–
FHK	Exit	FIRST TR EXCH TRD ALPHA FD Ihong kong alph	$0	–	-222,326	–	-1.29%	–
EDEN	Exit	ISHARES TRmsci denmrk etf	$0	–	-165,937	–	-1.29%	–
EPHE	Exit	ISHARES TRmsci philips etf	$0	–	-235,325	–	-1.31%	–
FJP	Exit	FIRST TR EXCH TRD ALPHA FD Ijapan alphadex	$0	–	-185,936	–	-1.35%	–
MCHI	Exit	ISHARES TRchina etf	$0	–	-178,159	–	-1.45%	–

Q2 2015

			Value		Shares		↓ Weighting
SHY	New	ISHARES TR1-3 yr tr bd etf	$70,585,000	–	831,779	–	10.23%	–
FRI	New	FIRST TR S&P REIT INDEX FD	$38,195,000	–	1,852,752	–	5.54%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$34,000,000	–	165,169	–	4.93%	–
FXH	New	FIRST TR EXCHANGE TRADED FDhlth care alph	$25,839,000	–	375,292	–	3.75%	–
FXL	New	FIRST TR EXCHANGE TRADED FDtech alphadex	$23,275,000	–	658,412	–	3.38%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$22,748,000	–	304,561	–	3.30%	–
FTC	New	FIRST TR LRG CP GRWTH ALPHAD	$22,511,000	–	463,373	–	3.26%	–
FXD	New	FIRST TR EXCHANGE TRADED FDconsumr discre	$22,005,000	–	602,699	–	3.19%	–
UNH	New	UNITEDHEALTH GROUP INC	$19,998,000	–	163,918	–	2.90%	–
CVS	New	CVS HEALTH CORP	$18,092,000	–	172,504	–	2.62%	–
VIAB	New	VIACOM INC NEWcl b	$14,349,000	–	221,989	–	2.08%	–
USNA	New	USANA HEALTH SCIENCES INC	$14,254,000	–	104,299	–	2.07%	–
CF	New	CF INDS HLDGS INC	$13,309,000	–	207,040	–	1.93%	–
ORCL	New	ORACLE CORP	$13,212,000	–	327,846	–	1.92%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$12,330,000	–	104,744	–	1.79%	–
GILD	New	GILEAD SCIENCES INC	$12,212,000	–	104,305	–	1.77%	–
IDCC	New	INTERDIGITAL INC	$11,613,000	–	204,132	–	1.68%	–
SYNT	New	SYNTEL INC	$11,553,000	–	243,323	–	1.68%	–
DEPO	New	DEPOMED INC	$11,538,000	–	537,653	–	1.67%	–
WNR	New	WESTERN REFNG INC	$11,517,000	–	264,040	–	1.67%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$11,393,000	–	451,382	–	1.65%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$11,370,000	–	290,709	–	1.65%	–
ACN	New	ACCENTURE PLC IRELAND	$11,362,000	–	117,397	–	1.65%	–
TSRA	New	TESSERA TECHNOLOGIES INC	$11,263,000	–	296,561	–	1.63%	–
DLX	New	DELUXE CORP	$11,254,000	–	181,516	–	1.63%	–
GD	New	GENERAL DYNAMICS CORP	$10,684,000	–	75,402	–	1.55%	–
ICON	New	ICONIX BRAND GROUP INC	$10,457,000	–	418,776	–	1.52%	–
AAPL	New	APPLE INC	$10,428,000	–	83,141	–	1.51%	–
CSCO	New	CISCO SYS INC	$10,036,000	–	365,479	–	1.46%	–
DFS	New	DISCOVER FINL SVCS	$10,000,000	–	173,543	–	1.45%	–
MCHI	New	ISHARES TRchina etf	$9,984,000	–	178,159	–	1.45%	–
HPQ	New	HEWLETT PACKARD CO	$9,912,000	–	330,275	–	1.44%	–
HRB	New	BLOCK H & R INC	$9,365,000	–	315,841	–	1.36%	–
FJP	New	FIRST TR EXCH TRD ALPHA FD Ijapan alphadex	$9,330,000	–	185,936	–	1.35%	–
EPHE	New	ISHARES TRmsci philips etf	$9,060,000	–	235,325	–	1.31%	–
MYGN	New	MYRIAD GENETICS INC	$9,065,000	–	266,703	–	1.31%	–
EDEN	New	ISHARES TRmsci denmrk etf	$8,927,000	–	165,937	–	1.29%	–
FHK	New	FIRST TR EXCH TRD ALPHA FD Ihong kong alph	$8,893,000	–	222,326	–	1.29%	–
AXP	New	AMERICAN EXPRESS CO	$8,826,000	–	113,563	–	1.28%	–
PPC	New	PILGRIMS PRIDE CORP NEW	$8,677,000	–	377,741	–	1.26%	–
BBY	New	BEST BUY INC	$8,536,000	–	261,761	–	1.24%	–
BKE	New	BUCKLE INC	$7,524,000	–	164,391	–	1.09%	–
UIS	New	UNISYS CORP	$6,843,000	–	342,309	–	0.99%	–
PDLI	New	PDL BIOPHARMA INC	$6,672,000	–	1,037,600	–	0.97%	–
NSR	New	NEUSTAR INCcl a	$5,902,000	–	202,043	–	0.86%	–
LCI	New	LANNET INC	$5,720,000	–	96,233	–	0.83%	–
NLNK	New	NEWLINK GENETICS CORP	$5,101,000	–	115,218	–	0.74%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$4,965,000	–	105,342	–	0.72%	–
IWF	New	ISHARES TRrus 1000 grw etf	$2,003,000	–	20,229	–	0.29%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,817,000	–	26,993	–	0.26%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,517,000	–	19,057	–	0.22%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$1,506,000	–	30,927	–	0.22%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,476,000	–	12,755	–	0.21%	–
MBB	New	ISHARESmbs etf	$907,000	–	8,347	–	0.13%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$783,000	–	29,860	–	0.11%	–
FTSL	New	FIRST TR EXCHANGE TRADED FDsenior ln fd	$760,000	–	15,546	–	0.11%	–
PFF	New	ISHARESu.s. pfd stk etf	$752,000	–	19,186	–	0.11%	–
PCY	New	POWERSHARES GLOBAL ETF TRUSTsovereign debt	$732,000	–	26,425	–	0.11%	–
PHDG	New	POWERSHARES ACTIVE MNG ETF Ts&p500 dwnhdge	$719,000	–	27,794	–	0.10%	–
FXR	New	FIRST TR EXCHANGE TRADED FDindls prod dur	$471,000	–	15,780	–	0.07%	–
SPLV	New	POWERSHARES ETF TR IIs&p500 low vol	$458,000	–	12,507	–	0.07%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$423,000	–	6,875	–	0.06%	–
AMLP	New	ALPS ETF TRalerian mlp	$402,000	–	25,835	–	0.06%	–
PCL	New	PLUM CREEK TIMBER CO INC	$293,000	–	7,233	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
DEM	Exit	WISDOMTREE TRemerg mkts etf	$0	–	-4,190	–	-0.03%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-4,722	–	-0.03%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-5,423	–	-0.03%	–
PHDG	Exit	POWERSHARES ACTIVE MNG ETF Ts&p500 dwnhdge	$0	–	-7,698	–	-0.03%	–
FXL	Exit	FIRST TR EXCHANGE TRADED FDtech alphadex	$0	–	-7,875	–	-0.03%	–
SPLV	Exit	POWERSHARES ETF TR IIs&p500 low vol	$0	–	-9,407	–	-0.04%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-17,644	–	-0.04%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-15,534	–	-0.06%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-22,514	–	-0.07%	–
PCY	Exit	POWERSHARES GLOBAL ETF TRUSTsovereign debt	$0	–	-19,344	–	-0.07%	–
PFF	Exit	ISHARESu.s. pfd stk etf	$0	–	-13,891	–	-0.07%	–
SJNK	Exit	SPDR SER TRsht trm hgh yld	$0	–	-28,998	–	-0.12%	–
MBB	Exit	ISHARESmbs etf	$0	–	-8,143	–	-0.12%	–
VTIP	Exit	VANGUARD MALVERN FDSstrm infproidx	$0	–	-22,079	–	-0.14%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-9,269	–	-0.14%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-13,794	–	-0.15%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-19,820	–	-0.17%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-131,512	–	-0.78%	–
NSR	Exit	NEUSTAR INCcl a	$0	–	-253,873	–	-0.83%	–
DEPO	Exit	DEPOMED INC	$0	–	-512,820	–	-1.03%	–
EWP	Exit	ISHARESmsci span cp etf	$0	–	-202,885	–	-1.04%	–
BCOR	Exit	BLUCORA INC	$0	–	-545,186	–	-1.10%	–
BKE	Exit	BUCKLE INC	$0	–	-205,225	–	-1.23%	–
WCG	Exit	WELLCARE HEALTH PLANS INC	$0	–	-156,192	–	-1.25%	–
FTW	Exit	FIRST TR EXCH TRD ALPHA FD Itaiwan alphade	$0	–	-268,532	–	-1.25%	–
FHK	Exit	FIRST TR EXCH TRD ALPHA FD Ihong kong alph	$0	–	-255,129	–	-1.27%	–
FCAN	Exit	FIRST TR EXCH TRD ALPHA FD Icanada alpha	$0	–	-270,522	–	-1.28%	–
PDLI	Exit	PDL BIOPHARMA INC	$0	–	-1,298,459	–	-1.28%	–
EIRL	Exit	ISHARES TRireland capd etf	$0	–	-283,097	–	-1.29%	–
EIS	Exit	ISHARESmsci isr cap etf	$0	–	-194,219	–	-1.31%	–
UIS	Exit	UNISYS CORP	$0	–	-428,877	–	-1.33%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-372,405	–	-1.36%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-217,004	–	-1.40%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-524,978	–	-1.45%	–
TW	Exit	TOWERS WATSON & COcl a	$0	–	-113,097	–	-1.49%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-147,236	–	-1.58%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-364,042	–	-1.63%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-142,290	–	-1.65%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-166,306	–	-1.72%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWAR	$0	–	-566,564	–	-1.73%	–
BAH	Exit	BOOZ ALLEN HAMILTON HLDG CORcl a	$0	–	-564,913	–	-1.75%	–
SYNT	Exit	SYNTEL INC	$0	–	-152,571	–	-1.77%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-331,238	–	-1.84%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-217,525	–	-1.85%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-51,940	–	-1.92%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-355,996	–	-1.97%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-165,304	–	-1.97%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-209,741	–	-2.03%	–
ORCL	Exit	ORACLE CORP	$0	–	-410,662	–	-2.08%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-128,488	–	-2.18%	–
J105SC	Exit	CONVERSANT INC	$0	–	-528,042	–	-2.39%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-523,201	–	-2.56%	–
FXN	Exit	FIRST TR EXCHANGE TRADED FDenergy alphadx	$0	–	-754,184	–	-2.58%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-277,492	–	-2.82%	–
FTC	Exit	FIRST TR LRG CP GRWTH ALPHAD	$0	–	-501,078	–	-2.88%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-258,120	–	-2.94%	–
FXR	Exit	FIRST TR EXCHANGE TRADED FDindls prod dur	$0	–	-809,058	–	-3.14%	–
FXH	Exit	FIRST TR EXCHANGE TRADED FDhlth care alph	$0	–	-467,308	–	-3.45%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-340,414	–	-3.58%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-378,995	–	-3.60%	–
IEF	Exit	ISHARES TR7-10 y tr bd etf	$0	–	-313,073	–	-4.29%	–
FRI	Exit	FIRST TR S&P REIT INDEX FD	$0	–	-1,780,767	–	-4.63%	–
TLT	Exit	ISHARES TR20+ yr tr bd etf	$0	–	-311,885	–	-4.79%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-206,503	–	-5.38%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$40,685,000	-3.7%	206,503	-4.3%	5.38%	+1.3%
TLT	Buy	ISHARES TR20+ yr tr bd etf	$36,263,000	+4.5%	311,885	+2.0%	4.79%	+9.9%
FRI	Buy	FIRST TR S&P REIT INDEX FD	$35,010,000	+4.1%	1,780,767	+8.2%	4.63%	+9.5%
IEF	Buy	ISHARES TR7-10 y tr bd etf	$32,441,000	+2.0%	313,073	+2.0%	4.29%	+7.3%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$27,231,000	-6.3%	378,995	-2.4%	3.60%	-1.5%
CVS	Sell	CVS HEALTH CORP	$27,094,000	+1.1%	340,414	-4.3%	3.58%	+6.4%
FXH	Buy	FIRST TR EXCHANGE TRADED FDhlth care alph	$26,071,000	+7.6%	467,308	+2.7%	3.45%	+13.2%
FXR	Buy	FIRST TR EXCHANGE TRADED FDindls prod dur	$23,762,000	-1.1%	809,058	+2.7%	3.14%	+4.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$22,263,000	+1.0%	258,120	-4.3%	2.94%	+6.3%
FTC	New	FIRST TR LRG CP GRWTH ALPHAD	$21,807,000	–	501,078	–	2.88%	–
VIAB	Sell	VIACOM INC NEWcl b	$21,350,000	-15.1%	277,492	-4.3%	2.82%	-10.6%
FXN	New	FIRST TR EXCHANGE TRADED FDenergy alphadx	$19,496,000	–	754,184	–	2.58%	–
ICON	Sell	ICONIX BRAND GROUP INC	$19,327,000	-17.6%	523,201	-4.2%	2.56%	-13.3%
J105SC	Sell	CONVERSANT INC	$18,085,000	+29.1%	528,042	-4.2%	2.39%	+35.9%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$16,530,000	+39.3%	128,488	-4.2%	2.18%	+46.4%
ORCL	Sell	ORACLE CORP	$15,720,000	-9.6%	410,662	-4.3%	2.08%	-4.9%
SYNA	Sell	SYNAPTICS INC	$15,353,000	-22.7%	209,741	-4.3%	2.03%	-18.7%
MNKKQ	New	MALLINCKRODT PUB LTD CO	$14,902,000	–	165,304	–	1.97%	–
DLB	Sell	DOLBY LABORATORIES INC	$14,877,000	-7.4%	355,996	-4.3%	1.97%	-2.5%
CF	Sell	CF INDS HLDGS INC	$14,503,000	+11.0%	51,940	-4.4%	1.92%	+16.7%
DFS	Sell	DISCOVER FINL SVCS	$14,006,000	-0.6%	217,525	-4.3%	1.85%	+4.6%
WNR	Sell	WESTERN REFNG INC	$13,909,000	+7.0%	331,238	-4.3%	1.84%	+12.5%
SYNT	Buy	SYNTEL INC	$13,417,000	+1691.3%	152,571	+1650.7%	1.77%	+1787.2%
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$13,219,000	–	564,913	–	1.75%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$13,071,000	–	566,564	–	1.73%	–
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$12,987,000	-7.9%	166,306	-4.3%	1.72%	-3.1%
AXP	Sell	AMERICAN EXPRESS CO	$12,456,000	-11.7%	142,290	-4.3%	1.65%	-7.1%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$12,302,000	-8.8%	364,042	-4.3%	1.63%	-4.1%
ACN	Sell	ACCENTURE PLC IRELAND	$11,973,000	-3.8%	147,236	-4.3%	1.58%	+1.2%
TW	Sell	TOWERS WATSON & COcl a	$11,253,000	-8.6%	113,097	-4.2%	1.49%	-3.9%
CRUS	New	CIRRUS LOGIC INC	$10,946,000	–	524,978	–	1.45%	–
RGR	Sell	STURM RUGER & CO INC	$10,566,000	-21.0%	217,004	-4.3%	1.40%	-16.9%
F102PS	Sell	BABCOCK & WILCOX CO NEW	$10,312,000	-18.4%	372,405	-4.3%	1.36%	-14.2%
UIS	Sell	UNISYS CORP	$10,040,000	-9.5%	428,877	-4.4%	1.33%	-4.8%
EIS	Buy	ISHARESmsci isr cap etf	$9,892,000	-0.6%	194,219	+2.0%	1.31%	+4.6%
EIRL	Buy	ISHARES TRireland capd etf	$9,753,000	-2.0%	283,097	+1.9%	1.29%	+3.1%
PDLI	New	PDL BIOPHARMA INC	$9,699,000	–	1,298,459	–	1.28%	–
FCAN	New	FIRST TR EXCH TRD ALPHA FD Icanada alpha	$9,690,000	–	270,522	–	1.28%	–
FHK	New	FIRST TR EXCH TRD ALPHA FD Ihong kong alph	$9,634,000	–	255,129	–	1.27%	–
FTW	New	FIRST TR EXCH TRD ALPHA FD Itaiwan alphade	$9,458,000	–	268,532	–	1.25%	–
WCG	Sell	WELLCARE HEALTH PLANS INC	$9,425,000	-22.6%	156,192	-4.3%	1.25%	-18.6%
BKE	Sell	BUCKLE INC	$9,315,000	-2.1%	205,225	-4.3%	1.23%	+3.0%
BCOR	Sell	BLUCORA INC	$8,309,000	-22.7%	545,186	-4.3%	1.10%	-18.7%
EWP	Buy	ISHARESmsci span cp etf	$7,892,000	-7.5%	202,885	+1.8%	1.04%	-2.7%
DEPO	New	DEPOMED INC	$7,790,000	–	512,820	–	1.03%	–
NSR	Sell	NEUSTAR INCcl a	$6,304,000	-8.8%	253,873	-4.5%	0.83%	-4.1%
NUS	Sell	NU SKIN ENTERPRISES INCcl a	$5,922,000	-41.7%	131,512	-4.3%	0.78%	-38.7%
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,316,000	–	19,820	–	0.17%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,102,000	–	13,794	–	0.15%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,096,000	–	9,269	–	0.14%	–
VTIP	New	VANGUARD MALVERN FDSstrm infproidx	$1,090,000	–	22,079	–	0.14%	–
MBB	New	ISHARESmbs etf	$880,000	–	8,143	–	0.12%	–
SJNK	New	SPDR SER TRsht trm hgh yld	$868,000	–	28,998	–	0.12%	–
PCY	New	POWERSHARES GLOBAL ETF TRUSTsovereign debt	$551,000	–	19,344	–	0.07%	–
PFF	New	ISHARESu.s. pfd stk etf	$549,000	–	13,891	–	0.07%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$547,000	–	22,514	–	0.07%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$431,000	–	15,534	–	0.06%	–
AMLP	New	ALPS ETF TRalerian mlp	$338,000	–	17,644	–	0.04%	–
SPLV	New	POWERSHARES ETF TR IIs&p500 low vol	$329,000	–	9,407	–	0.04%	–
FXL	Sell	FIRST TR EXCHANGE TRADED FDtech alphadex	$255,000	-98.8%	7,875	-98.8%	0.03%	-98.8%
PHDG	New	POWERSHARES ACTIVE MNG ETF Ts&p500 dwnhdge	$221,000	–	7,698	–	0.03%	–
IEV	New	ISHARES TReurope etf	$213,000	–	4,722	–	0.03%	–
PCL	New	PLUM CREEK TIMBER CO INC	$212,000	–	5,423	–	0.03%	–
DEM	New	WISDOMTREE TRemerg mkts etf	$200,000	–	4,190	–	0.03%	–
EWQ	Exit	ISHARESmsci france etf	$0	–	-270,793	–	-0.99%	–
EWI	Exit	ISHARESmsci italcpd etf	$0	–	-460,566	–	-1.01%	–
DSW	Exit	DSW INCcl a	$0	–	-309,000	–	-1.08%	–
SCCO	Exit	SOUTHERN COPPER CORP	$0	–	-292,709	–	-1.12%	–
FEM	Exit	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$0	–	-362,693	–	-1.15%	–
JOY	Exit	JOY GLOBAL INC	$0	–	-171,078	–	-1.32%	–
AGU	Exit	AGRIUM INC	$0	–	-142,703	–	-1.64%	–
QCOR	Exit	QUESTCOR PHARMACEUTICALS INC	$0	–	-193,758	–	-2.25%	–
FNK	Exit	FIRST TR EXCNGE TRD ALPHADEXmid cap val fd	$0	–	-690,026	–	-2.78%	–
FTGC	Exit	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$0	–	-1,453,491	–	-6.17%	–

Q2 2014

			Value		Shares		↓ Weighting
FTGC	New	FIRST TR EXCHAN TRADED FD VIfst tr glb fd	$49,099,000	–	1,453,491	–	6.17%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$42,240,000	–	215,820	–	5.31%	–
TLT	New	ISHARES20+ yr tr bd etf	$34,703,000	–	305,702	–	4.36%	–
FRI	New	FIRST TR S&P REIT INDEX FD	$33,646,000	–	1,646,173	–	4.23%	–
IEF	New	ISHARES7-10 y tr bd etf	$31,804,000	–	307,049	–	4.00%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$29,070,000	–	388,427	–	3.65%	–
CVS	New	CVS CAREMARK CORPORATION	$26,799,000	–	355,569	–	3.37%	–
VIAB	New	VIACOM INC NEWcl b	$25,135,000	–	289,811	–	3.16%	–
FXH	New	FIRST TR EXCHANGE TRADED FDhlth care alph	$24,229,000	–	454,835	–	3.04%	–
FXR	New	FIRST TR EXCHANGE TRADED FDindls prod dur	$24,026,000	–	787,467	–	3.02%	–
ICON	New	ICONIX BRAND GROUP INC	$23,461,000	–	546,374	–	2.95%	–
FNK	New	FIRST TR EXCNGE TRD ALPHADEXmid cap val fd	$22,136,000	–	690,026	–	2.78%	–
UNH	New	UNITEDHEALTH GROUP INC	$22,040,000	–	269,600	–	2.77%	–
FXL	New	FIRST TR EXCHANGE TRADED FDtech alphadex	$21,747,000	–	668,734	–	2.73%	–
SYNA	New	SYNAPTICS INC	$19,862,000	–	219,130	–	2.50%	–
QCOR	New	QUESTCOR PHARMACEUTICALS INC	$17,921,000	–	193,758	–	2.25%	–
ORCL	New	ORACLE CORP	$17,394,000	–	429,174	–	2.19%	–
DLB	New	DOLBY LABORATORIES INC	$16,063,000	–	371,820	–	2.02%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$14,104,000	–	173,826	–	1.77%	–
AXP	New	AMERICAN EXPRESS CO	$14,104,000	–	148,670	–	1.77%	–
DFS	New	DISCOVER FINL SVCS	$14,089,000	–	227,321	–	1.77%	–
J105SC	New	CONVERSANT INC	$14,005,000	–	551,369	–	1.76%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$13,492,000	–	380,258	–	1.70%	–
RGR	New	STURM RUGER & CO INC	$13,382,000	–	226,773	–	1.68%	–
AGU	New	AGRIUM INC	$13,076,000	–	142,703	–	1.64%	–
CF	New	CF INDS HLDGS INC	$13,065,000	–	54,319	–	1.64%	–
WNR	New	WESTERN REFNG INC	$13,000,000	–	346,194	–	1.63%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$12,637,000	–	389,308	–	1.59%	–
ACN	New	ACCENTURE PLC IRELAND	$12,443,000	–	153,917	–	1.56%	–
TW	New	TOWERS WATSON & COcl a	$12,309,000	–	118,098	–	1.55%	–
WCG	New	WELLCARE HEALTH PLANS INC	$12,181,000	–	163,156	–	1.53%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$11,870,000	–	134,138	–	1.49%	–
UIS	New	UNISYS CORP	$11,094,000	–	448,409	–	1.39%	–
BCOR	New	BLUCORA INC	$10,749,000	–	569,657	–	1.35%	–
JOY	New	JOY GLOBAL INC	$10,535,000	–	171,078	–	1.32%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$10,165,000	–	137,436	–	1.28%	–
EIRL	New	ISHARES TRireland capd etf	$9,947,000	–	277,770	–	1.25%	–
EIS	New	ISHARESmsci isr cap etf	$9,948,000	–	190,495	–	1.25%	–
BKE	New	BUCKLE INC	$9,512,000	–	214,422	–	1.20%	–
FEM	New	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$9,133,000	–	362,693	–	1.15%	–
SCCO	New	SOUTHERN COPPER CORP	$8,890,000	–	292,709	–	1.12%	–
DSW	New	DSW INCcl a	$8,633,000	–	309,000	–	1.08%	–
EWP	New	ISHARESmsci span cp etf	$8,531,000	–	199,227	–	1.07%	–
EWI	New	ISHARESmsci italcpd etf	$8,005,000	–	460,566	–	1.01%	–
EWQ	New	ISHARESmsci france etf	$7,894,000	–	270,793	–	0.99%	–
NSR	New	NEUSTAR INCcl a	$6,914,000	–	265,705	–	0.87%	–
SYNT	New	SYNTEL INC	$749,000	–	8,715	–	0.09%	–

Q4 2013

			Value		Shares		↓ Weighting
EWM	Exit	ISHARESmsci malaysi etf	$0	–	-175,217	–	-0.34%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-46,605	–	-0.37%	–
FEMS	Exit	FIRST TR EXCH TRD ALPHA FD Iem sml cp alph	$0	–	-228,194	–	-1.01%	–
DELL	Exit	DELL INC	$0	–	-603,204	–	-1.07%	–
SCCO	Exit	SOUTHERN COPPER CORP	$0	–	-320,276	–	-1.12%	–
FEP	Exit	FIRST TR EXCH TRD ALPHA FD Ieurope alpha	$0	–	-305,020	–	-1.21%	–
JOY	Exit	JOY GLOBAL INC	$0	–	-187,092	–	-1.23%	–
ABT	Exit	ABBOTT LABS	$0	–	-335,107	–	-1.43%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-378,948	–	-1.47%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-167,251	–	-1.59%	–
WCG	Exit	WELLCARE HEALTH PLANS INC	$0	–	-178,602	–	-1.60%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-59,498	–	-1.62%	–
BKE	Exit	BUCKLE INC	$0	–	-234,569	–	-1.63%	–
A309PS	Exit	DIRECTV	$0	–	-215,821	–	-1.66%	–
AGU	Exit	AGRIUM INC	$0	–	-156,024	–	-1.69%	–
MCK	Exit	MCKESSON CORP	$0	–	-102,229	–	-1.69%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-407,298	–	-1.81%	–
BCOR	Exit	BLUCORA INC	$0	–	-623,127	–	-1.84%	–
DSW	Exit	DSW INCcl a	$0	–	-168,881	–	-1.86%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-183,920	–	-1.87%	–
SNI	Exit	SCRIPPS NETWORKS INTERACT IN	$0	–	-190,173	–	-1.91%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-248,405	–	-2.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-469,507	–	-2.01%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-185,844	–	-2.02%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-251,129	–	-2.14%	–
FXG	Exit	FIRST TR EXCHANGE TRADED FDconsumr staple	$0	–	-522,725	–	-2.22%	–
FXH	Exit	FIRST TR EXCHANGE TRADED FDhlth care alph	$0	–	-410,291	–	-2.29%	–
TW	Exit	TOWERS WATSON & COcl a	$0	–	-166,491	–	-2.29%	–
NUS	Exit	NU SKIN ENTERPRISES INCcl a	$0	–	-186,240	–	-2.30%	–
FXD	Exit	FIRST TR EXCHANGE TRADED FDconsumr discre	$0	–	-605,369	–	-2.31%	–
FYT	Exit	FIRST TR EXCNGE TRD ALPHADEXsml cap val al	$0	–	-630,385	–	-2.34%	–
TSO	Exit	TESORO CORP	$0	–	-429,348	–	-2.43%	–
FEM	Exit	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$0	–	-831,993	–	-2.60%	–
AXE	Exit	ANIXTER INTL INC	$0	–	-231,056	–	-2.61%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-294,980	–	-2.72%	–
TSS	Exit	TOTAL SYS SVCS INC	$0	–	-733,724	–	-2.78%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-389,298	–	-2.85%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-383,344	–	-3.02%	–
SHY	Exit	ISHARES1-3 yr tr bd etf	$0	–	-278,976	–	-3.04%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Iunit ben int	$0	–	-736,057	–	-3.07%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-760,489	–	-3.26%	–
FDT	Exit	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$0	–	-523,780	–	-3.36%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-316,931	–	-3.41%	–
FRI	Exit	FIRST TR S&P REIT INDEX FD	$0	–	-1,548,195	–	-3.56%	–
IEF	Exit	ISHARES7-10 y tr bd etf	$0	–	-323,256	–	-4.25%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-236,020	–	-5.11%	–

Q3 2013

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$39,654,000	+3.3%	236,020	-1.4%	5.11%	-6.1%
IEF	New	ISHARES7-10 y tr bd etf	$33,008,000	–	323,256	–	4.25%	–
FRI	Sell	FIRST TR S&P REIT INDEX FD	$27,651,000	-4.5%	1,548,195	-0.3%	3.56%	-13.1%
VIAB	Sell	VIACOM INC NEWcl b	$26,489,000	+21.2%	316,931	-1.4%	3.41%	+10.2%
FDT	Buy	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$26,047,000	+14.0%	523,780	+1.6%	3.36%	+3.6%
ICON	Sell	ICONIX BRAND GROUP INC	$25,271,000	+11.4%	760,489	-1.4%	3.26%	+1.3%
GSG	New	ISHARES S&P GSCI COMMODITY Iunit ben int	$23,834,000	–	736,057	–	3.07%	–
SHY	Sell	ISHARES1-3 yr tr bd etf	$23,565,000	-47.0%	278,976	-47.1%	3.04%	-51.8%
ABC	Sell	AMERISOURCEBERGEN CORP	$23,422,000	+7.9%	383,344	-1.4%	3.02%	-1.9%
CVS	Sell	CVS CAREMARK CORPORATION	$22,093,000	-2.1%	389,298	-1.4%	2.85%	-11.0%
TSS	Sell	TOTAL SYS SVCS INC	$21,586,000	+18.6%	733,724	-1.4%	2.78%	+7.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$21,124,000	+7.9%	294,980	-1.4%	2.72%	-1.9%
AXE	Sell	ANIXTER INTL INC	$20,254,000	+14.1%	231,056	-1.4%	2.61%	+3.7%
FEM	Buy	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$20,226,000	+7.4%	831,993	+1.7%	2.60%	-2.4%
TSO	Sell	TESORO CORP	$18,883,000	-17.1%	429,348	-1.4%	2.43%	-24.6%
FYT	Buy	FIRST TR EXCNGE TRD ALPHADEXsml cap val al	$18,130,000	+12.2%	630,385	+2.6%	2.34%	+2.0%
FXD	New	FIRST TR EXCHANGE TRADED FDconsumr discre	$17,949,000	–	605,369	–	2.31%	–
NUS	Sell	NU SKIN ENTERPRISES INCcl a	$17,831,000	-1.2%	186,240	-36.9%	2.30%	-10.2%
TW	Sell	TOWERS WATSON & COcl a	$17,808,000	+28.8%	166,491	-1.4%	2.29%	+17.1%
FXH	Buy	FIRST TR EXCHANGE TRADED FDhlth care alph	$17,774,000	+33.1%	410,291	+22.0%	2.29%	+21.0%
FXG	Sell	FIRST TR EXCHANGE TRADED FDconsumr staple	$17,192,000	-3.1%	522,725	-9.1%	2.22%	-11.9%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$16,610,000	-7.2%	251,129	-3.6%	2.14%	-15.6%
DISCA	Sell	DISCOVERY COMMUNICATNS NEW	$15,689,000	+7.8%	185,844	-1.4%	2.02%	-2.0%
ORCL	Sell	ORACLE CORP	$15,574,000	+6.6%	469,507	-1.3%	2.01%	-3.1%
RGR	New	STURM RUGER & CO INC	$15,558,000	–	248,405	–	2.00%	–
SNI	Sell	SCRIPPS NETWORKS INTERACT IN	$14,854,000	+15.5%	190,173	-1.3%	1.91%	+4.9%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$14,502,000	+18.2%	183,920	-1.3%	1.87%	+7.5%
DSW	Sell	DSW INCcl a	$14,409,000	+14.6%	168,881	-1.3%	1.86%	+4.2%
BCOR	New	BLUCORA INC	$14,319,000	–	623,127	–	1.84%	–
DLB	Sell	DOLBY LABORATORIES INC	$14,056,000	+1.8%	407,298	-1.4%	1.81%	-7.5%
MCK	Sell	MCKESSON CORP	$13,116,000	-12.4%	102,229	-21.8%	1.69%	-20.3%
AGU	Sell	AGRIUM INC	$13,111,000	-4.7%	156,024	-1.4%	1.69%	-13.4%
A309PS	Sell	DIRECTV	$12,902,000	-4.3%	215,821	-1.3%	1.66%	-13.0%
BKE	Sell	BUCKLE INC	$12,678,000	+2.4%	234,569	-1.4%	1.63%	-6.8%
CF	Sell	CF INDS HLDGS INC	$12,544,000	+21.2%	59,498	-1.4%	1.62%	+10.2%
WCG	Sell	WELLCARE HEALTH PLANS INC	$12,456,000	+23.8%	178,602	-1.4%	1.60%	+12.6%
ACN	Sell	ACCENTURE PLC IRELAND	$12,316,000	+1.0%	167,251	-1.3%	1.59%	-8.2%
WNR	Sell	WESTERN REFNG INC	$11,384,000	+5.6%	378,948	-1.4%	1.47%	-4.1%
ABT	Sell	ABBOTT LABS	$11,122,000	-6.1%	335,107	-1.3%	1.43%	-14.6%
JOY	Sell	JOY GLOBAL INC	$9,549,000	+3.7%	187,092	-1.4%	1.23%	-5.7%
FEP	Buy	FIRST TR EXCH TRD ALPHA FD Ieurope alpha	$9,407,000	+17.4%	305,020	+2.0%	1.21%	+6.7%
SCCO	Sell	SOUTHERN COPPER CORP	$8,724,000	-2.7%	320,276	-1.4%	1.12%	-11.6%
DELL	Sell	DELL INC	$8,295,000	+1.6%	603,204	-1.5%	1.07%	-7.6%
FEMS	Buy	FIRST TR EXCH TRD ALPHA FD Iem sml cp alph	$7,870,000	+5.1%	228,194	+2.0%	1.01%	-4.4%
EWY	Buy	ISHARESmsci sth kor etf	$2,866,000	+23.0%	46,605	+6.4%	0.37%	+11.8%
EWM	Buy	ISHARESmsci malaysi etf	$2,635,000	+3.3%	175,217	+6.8%	0.34%	-6.4%
PSCH	Exit	POWERSHARES ETF TR IIs&p smcp hc po	$0	–	-40,790	–	-0.25%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-79,027	–	-0.53%	–
CASY	Exit	CASEYS GEN STORES INC	$0	–	-177,643	–	-1.51%	–
BECN	Exit	BEACON ROOFING SUPPLY INC	$0	–	-429,212	–	-2.30%	–
FXO	Exit	FIRST TR EXCHANGE TRADED FDfinls alphadex	$0	–	-984,429	–	-2.62%	–

Q2 2013

			Value		Shares		↓ Weighting
SHY	New	ISHARES TRbarclys 1-3 yr	$44,450,000	–	527,409	–	6.30%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$38,402,000	–	239,386	–	5.44%	–
FRI	New	FIRST TR S&P REIT INDEX FD	$28,944,000	–	1,552,764	–	4.10%	–
FDT	New	FIRST TR EXCH TRD ALPHA FD Idev mrk ex us	$22,857,000	–	515,720	–	3.24%	–
TSO	New	TESORO CORP	$22,777,000	–	435,333	–	3.23%	–
ICON	New	ICONIX BRAND GROUP INC	$22,678,000	–	771,101	–	3.21%	–
CVS	New	CVS CAREMARK CORPORATION	$22,576,000	–	394,823	–	3.20%	–
VIAB	New	VIACOM INC NEWcl b	$21,860,000	–	321,333	–	3.10%	–
ABC	New	AMERISOURCEBERGEN CORP	$21,702,000	–	388,710	–	3.08%	–
UNH	New	UNITEDHEALTH GROUP INC	$19,586,000	–	299,120	–	2.78%	–
FEM	New	FIRST TR EXCH TRD ALPHA FD Iemerg mkt alph	$18,841,000	–	818,113	–	2.67%	–
FXO	New	FIRST TR EXCHANGE TRADED FDfinls alphadex	$18,497,000	–	984,429	–	2.62%	–
TSS	New	TOTAL SYS SVCS INC	$18,208,000	–	743,784	–	2.58%	–
NUS	New	NU SKIN ENTERPRISES INCcl a	$18,050,000	–	295,320	–	2.56%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$17,896,000	–	260,414	–	2.54%	–
AXE	New	ANIXTER INTL INC	$17,756,000	–	234,219	–	2.52%	–
FXG	New	FIRST TR EXCHANGE TRADED FDconsumr staple	$17,747,000	–	575,079	–	2.51%	–
BECN	New	BEACON ROOFING SUPPLY INC	$16,259,000	–	429,212	–	2.30%	–
FYT	New	FIRST TR EXCNGE TRD ALPHADEXsml cap val al	$16,155,000	–	614,264	–	2.29%	–
MCK	New	MCKESSON CORP	$14,965,000	–	130,697	–	2.12%	–
ORCL	New	ORACLE CORP	$14,615,000	–	475,900	–	2.07%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$14,552,000	–	188,405	–	2.06%	–
TW	New	TOWERS WATSON & COcl a	$13,831,000	–	168,793	–	1.96%	–
DLB	New	DOLBY LABORATORIES INC	$13,813,000	–	412,959	–	1.96%	–
AGU	New	AGRIUM INC	$13,763,000	–	158,269	–	1.95%	–
A309PS	New	DIRECTV	$13,480,000	–	218,687	–	1.91%	–
FXH	New	FIRST TR EXCHANGE TRADED FDhlth care alph	$13,351,000	–	336,220	–	1.89%	–
SNI	New	SCRIPPS NETWORKS INTERACT IN	$12,866,000	–	192,718	–	1.82%	–
DSW	New	DSW INCcl a	$12,574,000	–	171,148	–	1.78%	–
BKE	New	BUCKLE INC	$12,375,000	–	237,887	–	1.75%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$12,267,000	–	186,365	–	1.74%	–
ACN	New	ACCENTURE PLC IRELAND	$12,198,000	–	169,514	–	1.73%	–
ABT	New	ABBOTT LABS	$11,841,000	–	339,467	–	1.68%	–
WNR	New	WESTERN REFNG INC	$10,785,000	–	384,223	–	1.53%	–
CASY	New	CASEYS GEN STORES INC	$10,687,000	–	177,643	–	1.51%	–
CF	New	CF INDS HLDGS INC	$10,347,000	–	60,332	–	1.47%	–
WCG	New	WELLCARE HEALTH PLANS INC	$10,058,000	–	181,058	–	1.42%	–
JOY	New	JOY GLOBAL INC	$9,205,000	–	189,666	–	1.30%	–
SCCO	New	SOUTHERN COPPER CORP	$8,968,000	–	324,692	–	1.27%	–
DELL	New	DELL INC	$8,163,000	–	612,619	–	1.16%	–
FEP	New	FIRST TR EXCH TRD ALPHA FD Ieurope alpha	$8,016,000	–	298,992	–	1.14%	–
FEMS	New	FIRST TR EXCH TRD ALPHA FD Iem sml cp alph	$7,486,000	–	223,747	–	1.06%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$3,762,000	–	79,027	–	0.53%	–
EWM	New	ISHARES INCmsci malaysia	$2,552,000	–	164,121	–	0.36%	–
EWY	New	ISHARES INCmsci sth kor cap	$2,330,000	–	43,788	–	0.33%	–
PSCH	New	POWERSHARES ETF TR IIs&p smcp hc po	$1,754,000	–	40,790	–	0.25%	–

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