Callan Capital, LLC Activity Q4 2011-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$103,796,854	-4.0%	2,082,184	-0.5%	11.11%	-7.1%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$71,718,773	+5.4%	2,111,860	+10.6%	7.68%	+2.0%
FNDX	Buy	SCHWAB STRATEGIC TRschwab fdt us lg	$61,272,995	+13.2%	1,094,747	+16.4%	6.56%	+9.6%
FNDF	Buy	SCHWAB STRATEGIC TRschwb fdt int lg	$60,583,761	+10.1%	1,912,970	+12.3%	6.49%	+6.6%
VTEB	Buy	VANGUARD MUN BD FDStax exempt bd	$37,247,197	+10.8%	774,370	+15.6%	3.99%	+7.2%
PRF	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$32,645,644	-2.4%	1,025,947	+401.8%	3.50%	-5.5%
SPDW	Buy	SPDR INDEX SHS FDSportfolio devlpd	$30,401,268	-4.4%	980,370	+0.3%	3.26%	-7.5%
AVDV	Buy	AMERICAN CENTY ETF TRintl smcp vlu	$27,839,421	+4.7%	481,235	+4.1%	2.98%	+1.3%
GSIE	Sell	GOLDMAN SACHS ETF TRactivebeta int	$25,857,489	-7.3%	861,055	-3.2%	2.77%	-10.2%
FNDB	Sell	SCHWAB STRATEGIC TRschwab fdt us bm	$25,772,608	-3.0%	467,797	-0.1%	2.76%	-6.1%
INTF	Sell	ISHARES TRintl eqty factor	$22,890,258	-4.1%	885,503	-0.6%	2.45%	-7.2%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$21,523,499	+13.0%	548,929	+17.3%	2.30%	+9.4%
SPTM	Sell	SPDR SER TRportfoli s&p1500	$19,601,096	-5.0%	373,425	-1.4%	2.10%	-8.0%
AAPL	Buy	APPLE INC	$19,471,252	-1.7%	113,727	+11.3%	2.08%	-4.9%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$17,351,397	-5.6%	105,846	+0.1%	1.86%	-8.6%
GSLC	Sell	GOLDMAN SACHS ETF TRactivebeta us lg	$17,337,134	-10.0%	205,831	-6.7%	1.86%	-12.9%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$16,331,047	+1.9%	39,361	+8.6%	1.75%	-1.4%
FNDA	Sell	SCHWAB STRATEGIC TRschwab fdt us sc	$15,778,662	-4.5%	325,400	-0.6%	1.69%	-7.5%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$15,694,446	-6.0%	302,573	-1.4%	1.68%	-9.0%
AVUV	Buy	AMERICAN CENTY ETF TRus sml cp valu	$11,656,751	+59.3%	149,541	+58.6%	1.25%	+54.3%
PRFZ	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$10,875,223	-3.3%	329,652	+403.8%	1.16%	-6.4%
FNDE	Buy	SCHWAB STRATEGIC TRschwb fdt emk lg	$9,935,864	+54.6%	378,942	+57.9%	1.06%	+49.6%
	Sell	DIMENSIONAL ETF TRUSTintl small cap v	$9,479,883	-2.6%	398,649	-3.1%	1.02%	-5.8%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$9,186,403	-3.1%	71,356	-0.1%	0.98%	-6.1%
AVUS	Sell	AMERICAN CENTY ETF TRus eqt etf	$8,748,055	-3.9%	119,411	-1.3%	0.94%	-6.9%
VHT	Buy	VANGUARD WORLD FDShealth car etf	$8,455,757	+5.3%	35,967	+9.6%	0.90%	+1.9%
VOX	Buy	VANGUARD WORLD FDS	$6,797,844	+4.5%	64,624	+5.6%	0.73%	+1.3%
JMST	Sell	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$6,407,771	-1.2%	127,012	-0.8%	0.69%	-4.3%
PXF	Buy	INVESCO EXCH TRADED FD TR IIftse rafi dev	$6,259,688	-3.1%	143,802	+0.0%	0.67%	-6.3%
EMGF	Sell	ISHARES INCemng mkts eqt	$5,866,526	-1.7%	143,436	-0.1%	0.63%	-4.8%
SCHZ	Buy	SCHWAB STRATEGIC TRus aggregate b	$5,862,344	-1.9%	132,542	+2.4%	0.63%	-5.0%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$5,782,747	-6.2%	35,922	-1.0%	0.62%	-9.2%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$5,738,673	+14.4%	71,448	+15.7%	0.61%	+10.6%
XLI	Sell	SELECT SECTOR SPDR TRindl	$5,720,853	-5.8%	56,430	-0.3%	0.61%	-8.8%
MSFT	Buy	MICROSOFT CORP	$5,636,172	+3.2%	17,850	+11.3%	0.60%	-0.2%
XLF	Buy	SELECT SECTOR SPDR TRfinancial	$5,545,501	-1.4%	167,184	+0.2%	0.59%	-4.5%
SCHE	Buy	SCHWAB STRATEGIC TRemrg mkteq etf	$5,158,781	-2.4%	215,488	+0.5%	0.55%	-5.5%
VV	Buy	VANGUARD INDEX FDSlarge cap etf	$5,108,292	+1947.0%	26,104	+2020.6%	0.55%	+1853.6%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$5,059,149	+8.9%	18,781	+14.5%	0.54%	+5.4%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$5,014,635	+3.2%	129,745	+8.2%	0.54%	-0.2%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$4,951,846	+1.8%	27,108	+8.4%	0.53%	-1.5%
DFAC	Sell	DIMENSIONAL ETF TRUSTus core equity 2	$4,106,798	-3.7%	156,748	-0.2%	0.44%	-6.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$4,103,262	+13.3%	9,599	+17.5%	0.44%	+9.8%
XLC	Buy	SELECT SECTOR SPDR TR	$4,071,146	+0.8%	62,089	+0.0%	0.44%	-2.5%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$3,984,509	-7.7%	57,906	-0.5%	0.43%	-10.7%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$3,955,261	+22.0%	31,208	+8.6%	0.42%	+18.1%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$3,924,303	+4.1%	20,127	+9.7%	0.42%	+0.7%
IIPR	Buy	INNOVATIVE INDL PPTYS INC	$3,546,900	+6.4%	46,879	+2.7%	0.38%	+3.0%
GEM	Sell	GOLDMAN SACHS ETF TRactivebeta eme	$3,534,917	-10.5%	123,318	-6.7%	0.38%	-13.3%
FTNT	New	FORTINET INC	$3,066,675	–	52,261	–	0.33%	–
ORCL	Buy	ORACLE CORP	$2,878,482	-7.1%	27,176	+4.4%	0.31%	-10.2%
HOMB	Sell	HOME BANCSHARES INC	$2,873,659	-32.7%	137,233	-26.7%	0.31%	-34.7%
VXUS	Buy	VANGUARD STAR FDSvg tl intl stk f	$2,777,628	-4.1%	51,899	+0.5%	0.30%	-7.2%
AMZN	Buy	AMAZON COM INC	$2,395,195	+26.2%	18,842	+29.5%	0.26%	+21.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$2,186,278	+25.2%	16,707	+14.5%	0.23%	+21.2%
VPU	Buy	VANGUARD WORLD FDSutilities etf	$1,972,054	-4.8%	15,462	+6.1%	0.21%	-7.9%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$1,921,482	-4.4%	25,396	+5.6%	0.21%	-7.2%
TSLA	Sell	TESLA INC	$1,814,846	-8.2%	7,253	-4.0%	0.19%	-11.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,789,600	+38.4%	13,573	+27.0%	0.19%	+34.3%
BDX	Buy	BECTON DICKINSON & CO	$1,783,857	-1.3%	6,900	+0.8%	0.19%	-4.5%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$1,636,952	+25.3%	7,861	+32.5%	0.18%	+20.7%
SCHA	Buy	SCHWAB STRATEGIC TRus sml cap etf	$1,588,756	-5.4%	38,357	+0.0%	0.17%	-8.6%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$1,580,831	-5.4%	20,125	-0.2%	0.17%	-8.6%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$1,435,627	-9.9%	24,362	+0.0%	0.15%	-12.5%
VOO	Buy	VANGUARD INDEX FDS	$1,430,037	-1.6%	3,642	+2.1%	0.15%	-5.0%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$1,356,274	+6.8%	15,005	-4.1%	0.14%	+3.6%
SCHX	Buy	SCHWAB STRATEGIC TRus lrg cap etf	$1,345,996	+31.6%	26,601	+36.2%	0.14%	+27.4%
ADBE	Buy	ADOBE INC	$1,276,280	+11.5%	2,503	+6.9%	0.14%	+7.9%
JPM	Sell	JPMORGAN CHASE & CO	$1,265,876	-11.4%	8,729	-11.1%	0.14%	-13.9%
HON	Sell	HONEYWELL INTL INC	$1,231,892	-12.9%	6,668	-2.1%	0.13%	-15.4%
VAW	Buy	VANGUARD WORLD FDSmaterials etf	$1,227,475	+4.7%	7,115	+10.4%	0.13%	+0.8%
HD	Buy	HOME DEPOT INC	$1,218,289	+6.5%	4,032	+9.5%	0.13%	+3.2%
IYF	Sell	ISHARES TRu.s. finls etf	$1,190,777	+0.1%	15,928	-0.1%	0.13%	-3.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$1,112,203	+58.9%	3,175	+54.7%	0.12%	+54.5%
PEP	Sell	PEPSICO INC	$1,098,680	-15.3%	6,484	-7.4%	0.12%	-17.5%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$1,038,362	-7.4%	2,898	-4.5%	0.11%	-10.5%
NVDA	Buy	NVIDIA CORPORATION	$1,027,464	+44.0%	2,362	+40.0%	0.11%	+39.2%
BX	Buy	BLACKSTONE INC	$1,016,898	+44.2%	9,491	+25.1%	0.11%	+39.7%
IWB	Sell	ISHARES TRrus 1000 etf	$947,192	-3.9%	4,032	-0.3%	0.10%	-7.3%
ARE	Buy	ALEXANDRIA REAL ESTATE EQ IN	$924,424	-10.5%	9,235	+1.5%	0.10%	-13.2%
NFLX	Buy	NETFLIX INC	$915,680	-12.4%	2,425	+2.1%	0.10%	-15.5%
XLRE	Sell	SELECT SECTOR SPDR TRrl est sel sec	$904,829	-10.5%	26,558	-1.0%	0.10%	-13.4%
ABBV	Buy	ABBVIE INC	$866,767	+41.2%	5,815	+27.7%	0.09%	+36.8%
WMT	Buy	WALMART INC	$863,142	+11.4%	5,397	+9.5%	0.09%	+7.0%
COP	Buy	CONOCOPHILLIPS	$830,214	+30.0%	6,930	+12.4%	0.09%	+25.4%
VSS	Buy	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$823,377	-2.7%	7,753	+1.3%	0.09%	-6.4%
IWM	Buy	ISHARES TRrussell 2000 etf	$822,030	-4.0%	4,651	+1.8%	0.09%	-7.4%
VEA	Buy	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$815,012	-5.3%	18,642	+0.0%	0.09%	-8.4%
ET	New	ENERGY TRANSFER L P	$784,603	–	55,923	–	0.08%	–
NOW	Buy	SERVICENOW INC	$779,749	+1.1%	1,395	+1.7%	0.08%	-2.4%
MRK	Buy	MERCK & CO INC	$760,173	-5.4%	7,384	+6.1%	0.08%	-9.0%
BAC	Buy	BANK AMERICA CORP	$688,012	+76.1%	25,128	+84.6%	0.07%	+72.1%
COST	Buy	COSTCO WHSL CORP NEW	$682,649	+53.4%	1,208	+46.2%	0.07%	+49.0%
UBER	Buy	UBER TECHNOLOGIES INC	$666,533	+7.1%	14,493	+0.5%	0.07%	+2.9%
ADSK	Sell	AUTODESK INC	$652,594	-0.1%	3,154	-1.2%	0.07%	-2.8%
BIIB	Sell	BIOGEN INC	$639,698	-14.9%	2,489	-5.7%	0.07%	-18.1%
MA	Buy	MASTERCARD INCORPORATEDcl a	$636,623	+15.9%	1,608	+15.1%	0.07%	+11.5%
AMGN	Buy	AMGEN INC	$636,650	+28.1%	2,369	+5.9%	0.07%	+23.6%
FB	Sell	META PLATFORMS INCcl a	$637,046	-10.0%	2,122	-13.9%	0.07%	-12.8%
VIG	New	VANGUARD SPECIALIZED FUNDSdiv app etf	$631,309	–	4,063	–	0.07%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$613,140	–	22,402	–	0.07%	–
CSCO	Buy	CISCO SYS INC	$614,907	+44.1%	11,438	+38.6%	0.07%	+40.4%
JNJ	Buy	JOHNSON & JOHNSON	$615,799	+2.0%	3,954	+8.4%	0.07%	-1.5%
CAT	Buy	CATERPILLAR INC	$595,413	+24.1%	2,181	+11.8%	0.06%	+20.8%
ITW	Buy	ILLINOIS TOOL WKS INC	$585,218	+50.4%	2,541	+63.4%	0.06%	+46.5%
VTV	New	VANGUARD INDEX FDSvalue etf	$578,340	–	4,193	–	0.06%	–
INTC	Buy	INTEL CORP	$572,746	+10.0%	16,111	+3.5%	0.06%	+5.2%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$559,000	+18.8%	5,999	+23.6%	0.06%	+15.4%
LLY	Buy	ELI LILLY & CO	$563,449	+49.8%	1,049	+30.8%	0.06%	+42.9%
SPYG	Buy	SPDR SER TRprtflo s&p500 gw	$553,435	-2.8%	9,336	+0.0%	0.06%	-6.3%
ARCH	New	ARCH RESOURCES INCcl a	$545,490	–	3,196	–	0.06%	–
AVGO	Buy	BROADCOM INC	$537,296	+29.6%	647	+35.4%	0.06%	+26.1%
XOM	Buy	EXXON MOBIL CORP	$540,728	+53.6%	4,599	+40.1%	0.06%	+48.7%
NVO	Buy	NOVO-NORDISK A Sadr	$535,909	+56.1%	5,893	+177.7%	0.06%	+50.0%
GWW	Buy	GRAINGER W W INC	$507,119	-11.3%	733	+1.1%	0.05%	-14.3%
QCOM	Buy	QUALCOMM INC	$492,400	+0.6%	4,434	+7.8%	0.05%	-1.9%
NEE	Buy	NEXTERA ENERGY INC	$492,056	-18.0%	8,589	+6.2%	0.05%	-19.7%
PG	Buy	PROCTER AND GAMBLE CO	$479,276	+16.1%	3,286	+20.7%	0.05%	+10.9%
LNG	New	CHENIERE ENERGY INC	$472,970	–	2,850	–	0.05%	–
EFA	Buy	ISHARES TRmsci eafe etf	$463,488	+20.3%	6,725	+26.6%	0.05%	+16.3%
EOG	Buy	EOG RES INC	$468,251	+14.0%	3,694	+2.9%	0.05%	+11.1%
COWZ	New	PACER FDS TRus cash cows 100	$442,195	–	8,946	–	0.05%	–
UNH	Buy	UNITEDHEALTH GROUP INC	$419,769	+64.4%	833	+56.9%	0.04%	+60.7%
ASML	Buy	ASML HOLDING N V	$415,594	+24.7%	706	+53.5%	0.04%	+21.6%
TT	Buy	TRANE TECHNOLOGIES PLC	$417,183	+8.2%	2,056	+2.0%	0.04%	+4.7%
SPGI	Buy	S&P GLOBAL INC	$416,202	+13.5%	1,139	+24.5%	0.04%	+9.8%
IAU	Buy	ISHARES GOLD TRishares new	$420,790	+25.8%	12,026	+30.8%	0.04%	+21.6%
BA	Buy	BOEING CO	$409,237	+35.3%	2,135	+49.1%	0.04%	+33.3%
ABT	Buy	ABBOTT LABS	$397,472	+18.1%	4,104	+33.0%	0.04%	+16.2%
TMUS	Buy	T-MOBILE US INC	$378,695	+11.9%	2,704	+11.0%	0.04%	+10.8%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$382,514	+4.0%	1,100	+5.3%	0.04%	0.0%
SCHH	Buy	SCHWAB STRATEGIC TRus reit etf	$374,809	+5.9%	21,116	+16.6%	0.04%	+2.6%
PSX	Buy	PHILLIPS 66	$362,252	+38.0%	3,015	+9.5%	0.04%	+34.5%
PPBI	Buy	PACIFIC PREMIER BANCORP	$359,706	+6.7%	16,531	+1.4%	0.04%	+5.4%
ACN	Buy	ACCENTURE PLC IRELAND	$350,413	+12.7%	1,141	+13.2%	0.04%	+11.8%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$354,921	+66.4%	5,241	+75.9%	0.04%	+58.3%
TXN	Buy	TEXAS INSTRS INC	$354,751	-6.1%	2,231	+6.3%	0.04%	-9.5%
PFE	Sell	PFIZER INC	$353,052	-35.1%	10,644	-28.2%	0.04%	-36.7%
WEC	Buy	WEC ENERGY GROUP INC	$342,499	+19.6%	4,252	+31.0%	0.04%	+15.6%
RTX	Buy	RTX CORPORATION	$342,829	-14.1%	4,763	+17.0%	0.04%	-15.9%
PANW	Buy	PALO ALTO NETWORKS INC	$334,311	+13.0%	1,426	+23.1%	0.04%	+9.1%
IEMG	Sell	ISHARES INCcore msci emkt	$329,656	-7.0%	6,927	-3.7%	0.04%	-10.3%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$325,530	+45.0%	5,609	+59.8%	0.04%	+40.0%
MCD	Buy	MCDONALDS CORP	$331,408	-4.1%	1,258	+8.6%	0.04%	-7.9%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$319,531	–	3,677	–	0.03%	–
GS	Buy	GOLDMAN SACHS GROUP INC	$309,396	+26.4%	956	+26.0%	0.03%	+22.2%
ILMN	Sell	ILLUMINA INC	$305,036	-33.1%	2,222	-8.6%	0.03%	-34.0%
MRO	Buy	MARATHON OIL CORP	$306,643	+18.9%	11,463	+2.3%	0.03%	+13.8%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$303,520	-2.8%	1,605	+2.3%	0.03%	-8.6%
ADI	Buy	ANALOG DEVICES INC	$298,704	+1.1%	1,706	+12.5%	0.03%	-3.0%
V	New	VISA INC	$294,183	–	1,279	–	0.03%	–
DIS	Buy	DISNEY WALT CO	$289,916	+1.7%	3,577	+12.1%	0.03%	-3.1%
	Buy	LINDE PLC	$291,550	+19.4%	783	+22.2%	0.03%	+14.8%
CRM	Buy	SALESFORCE INC	$278,417	+24.6%	1,373	+29.8%	0.03%	+20.0%
SDY	Buy	SPDR SER TRs&p divid etf	$276,222	-5.6%	2,402	+0.7%	0.03%	-6.2%
TARS	Buy	TARSUS PHARMACEUTICALS INC	$270,104	+1.3%	15,200	+3.1%	0.03%	0.0%
PM	Buy	PHILIP MORRIS INTL INC	$268,926	+3.6%	2,905	+9.2%	0.03%	0.0%
MUB	New	ISHARES TRnational mun etf	$270,193	–	2,635	–	0.03%	–
LOW	Buy	LOWES COS INC	$268,529	+4.1%	1,292	+13.0%	0.03%	0.0%
VTI	New	VANGUARD INDEX FDStotal stk mkt	$248,563	–	1,170	–	0.03%	–
SPEM	New	SPDR INDEX SHS FDSportfolio emg mk	$251,074	–	7,479	–	0.03%	–
UNP	New	UNION PAC CORP	$256,574	–	1,260	–	0.03%	–
VLO	New	VALERO ENERGY CORP	$239,710	–	1,692	–	0.03%	–
TGT	Sell	TARGET CORP	$242,701	-18.3%	2,195	-2.5%	0.03%	-21.2%
CVX	New	CHEVRON CORP NEW	$240,081	–	1,424	–	0.03%	–
TLTD	Buy	FLEXSHARES TRm star dev mkt	$239,888	-3.3%	3,835	+0.3%	0.03%	-3.7%
MRTX	New	MIRATI THERAPEUTICS INC	$236,574	–	5,431	–	0.02%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$231,464	–	850	–	0.02%	–
DIA	New	SPDR DOW JONES INDL AVERAGEut ser 1	$226,091	–	675	–	0.02%	–
	New	AMERICAN CENTY ETF TRinternational lr	$224,248	–	4,658	–	0.02%	–
PYPL	Buy	PAYPAL HLDGS INC	$218,933	-7.7%	3,745	+5.4%	0.02%	-11.5%
XBI	Sell	SPDR SER TRs&p biotech	$214,683	-17.7%	2,940	-6.2%	0.02%	-20.7%
AMD	New	ADVANCED MICRO DEVICES INC	$213,763	–	2,079	–	0.02%	–
ED	New	CONSOLIDATED EDISON INC	$207,068	–	2,421	–	0.02%	–
	New	SHELL PLCspon ads	$202,332	–	3,143	–	0.02%	–
PXD	New	PIONEER NAT RES CO	$209,120	–	911	–	0.02%	–
RYT	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql tec	$203,808	–	7,240	–	0.02%	–
ORCC	New	BLUE OWL CAPITAL CORPORATION	$197,176	–	14,237	–	0.02%	–
PSTX	Buy	POSEIDA THERAPEUTICS INC	$182,210	+42.7%	76,559	+5.5%	0.02%	+42.9%
DB	New	DEUTSCHE BANK A Gnamen akt	$118,241	–	10,759	–	0.01%	–
CRDF	Buy	CARDIFF ONCOLOGY INC	$43,294	+116.8%	31,147	+129.2%	0.01%	+150.0%
KNWN	Buy	KNOW LABS INC	$42,500	-71.9%	170,000	+13.3%	0.01%	-70.6%
BTTR	Buy	BETTER CHOICE CO INC	$30,170	+0.3%	243,306	+69.8%	0.00%	0.0%
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$24,263	–	11,391	–	0.00%	–
IBRX	New	IMMUNITYBIO INC	$17,838	–	10,555	–	0.00%	–
INFI	Exit	INFINITY PHARMACEUTICALS INC	$0	–	-158,500	–	-0.00%	–
LDP	Exit	COHEN & STEERS LTD DURATION	$0	–	-10,000	–	-0.02%	–
EXPI	Exit	EXP WORLD HLDGS INC	$0	–	-10,568	–	-0.02%	–
RCL	Exit	ROYAL CARIBBEAN GROUP	$0	–	-2,100	–	-0.02%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-1,150	–	-0.03%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-4,633	–	-0.05%	–
BSV	Exit	VANGUARD BD INDEX FDSshort trm bond	$0	–	-20,760	–	-0.17%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-24,472	–	-0.20%	–

Q2 2023

			Value		Shares		↓ Weighting
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$108,141,423	–	2,091,710	–	11.96%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$68,052,826	–	1,908,915	–	7.53%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$55,017,402	–	1,703,853	–	6.08%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$54,131,754	–	940,277	–	5.99%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$33,627,412	–	669,602	–	3.72%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$33,460,261	–	204,462	–	3.70%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$31,812,245	–	977,635	–	3.52%	–
GSIE	New	GOLDMAN SACHS ETF TRactivebeta int	$27,888,655	–	889,590	–	3.08%	–
AVDV	New	AMERICAN CENTY ETF TRintl smcp vlu	$26,598,388	–	462,098	–	2.94%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$26,577,366	–	468,403	–	2.94%	–
INTF	New	ISHARES TRintl eqty factor	$23,878,922	–	890,672	–	2.64%	–
SPTM	New	SPDR SER TRportfoli s&p1500	$20,627,626	–	378,906	–	2.28%	–
AAPL	New	APPLE INC	$19,817,022	–	102,165	–	2.19%	–
GSLC	New	GOLDMAN SACHS ETF TRactivebeta us lg	$19,257,046	–	220,585	–	2.13%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$19,041,872	–	468,089	–	2.11%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$18,376,371	–	105,696	–	2.03%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$16,701,775	–	306,961	–	1.85%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$16,521,823	–	327,489	–	1.83%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$16,028,439	–	36,250	–	1.77%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$11,244,436	–	65,439	–	1.24%	–
	New	DIMENSIONAL ETF TRUSTintl small cap v	$9,733,631	–	411,570	–	1.08%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$9,478,050	–	71,408	–	1.05%	–
AVUS	New	AMERICAN CENTY ETF TRus eqt etf	$9,099,087	–	121,015	–	1.01%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$8,031,955	–	32,808	–	0.89%	–
AVUV	New	AMERICAN CENTY ETF TRus sml cp valu	$7,317,951	–	94,291	–	0.81%	–
VOX	New	VANGUARD WORLD FDS	$6,504,679	–	61,186	–	0.72%	–
JMST	New	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$6,483,647	–	128,009	–	0.72%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$6,463,238	–	143,755	–	0.72%	–
FNDE	New	SCHWAB STRATEGIC TRschwb fdt emk lg	$6,426,398	–	240,060	–	0.71%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$6,161,720	–	36,286	–	0.68%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$6,074,625	–	56,603	–	0.67%	–
SCHZ	New	SCHWAB STRATEGIC TRus aggregate b	$5,977,252	–	129,490	–	0.66%	–
EMGF	New	ISHARES INCemng mkts eqt	$5,966,139	–	143,526	–	0.66%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$5,624,846	–	166,860	–	0.62%	–
MSFT	New	MICROSOFT CORP	$5,459,854	–	16,033	–	0.60%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$5,283,333	–	214,508	–	0.58%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$5,016,163	–	61,745	–	0.56%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$4,860,999	–	119,877	–	0.54%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$4,864,398	–	25,016	–	0.54%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$4,645,290	–	16,403	–	0.51%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$4,318,341	–	58,222	–	0.48%	–
DFAC	New	DIMENSIONAL ETF TRUSTus core equity 2	$4,262,767	–	157,008	–	0.47%	–
HOMB	New	HOME BANCSHARES INC	$4,268,912	–	187,233	–	0.47%	–
IVV	New	ISHARES TRcore s&p500 etf	$4,099,814	–	9,198	–	0.45%	–
XLC	New	SELECT SECTOR SPDR TR	$4,040,706	–	62,088	–	0.45%	–
GEM	New	GOLDMAN SACHS ETF TRactivebeta eme	$3,951,656	–	132,162	–	0.44%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$3,770,962	–	18,348	–	0.42%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,620,419	–	8,167	–	0.40%	–
IIPR	New	INNOVATIVE INDL PPTYS INC	$3,332,183	–	45,640	–	0.37%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$3,242,708	–	28,724	–	0.36%	–
ORCL	New	ORACLE CORP	$3,098,603	–	26,019	–	0.34%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$2,896,516	–	51,650	–	0.32%	–
OMFL	New	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$2,862,097	–	58,434	–	0.32%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$2,071,819	–	14,573	–	0.23%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$2,010,444	–	24,060	–	0.22%	–
TSLA	New	TESLA INC	$1,977,672	–	7,555	–	0.22%	–
AMZN	New	AMAZON COM INC	$1,897,259	–	14,554	–	0.21%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$1,851,538	–	24,472	–	0.20%	–
BDX	New	BECTON DICKINSON & CO	$1,806,620	–	6,843	–	0.20%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,746,543	–	14,591	–	0.19%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$1,680,010	–	38,356	–	0.19%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,671,665	–	20,172	–	0.18%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,593,534	–	24,351	–	0.18%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$1,568,803	–	20,760	–	0.17%	–
VOO	New	VANGUARD INDEX FDS	$1,452,768	–	3,567	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO	$1,428,503	–	9,822	–	0.16%	–
HON	New	HONEYWELL INTL INC	$1,413,824	–	6,814	–	0.16%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,306,563	–	5,935	–	0.14%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,292,806	–	10,687	–	0.14%	–
PEP	New	PEPSICO INC	$1,297,129	–	7,003	–	0.14%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$1,269,702	–	15,643	–	0.14%	–
IYF	New	ISHARES TRu.s. finls etf	$1,189,358	–	15,941	–	0.13%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$1,172,837	–	6,445	–	0.13%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$1,144,726	–	2,341	–	0.13%	–
HD	New	HOME DEPOT INC	$1,143,626	–	3,682	–	0.13%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$1,121,282	–	3,035	–	0.12%	–
NFLX	New	NETFLIX INC	$1,045,723	–	2,374	–	0.12%	–
ARE	New	ALEXANDRIA REAL ESTATE EQ IN	$1,032,419	–	9,097	–	0.11%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$1,022,492	–	19,524	–	0.11%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$1,011,073	–	26,826	–	0.11%	–
IWB	New	ISHARES TRrus 1000 etf	$985,965	–	4,045	–	0.11%	–
JPST	New	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$941,830	–	18,784	–	0.10%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$860,456	–	18,633	–	0.10%	–
IWM	New	ISHARES TRrussell 2000 etf	$856,079	–	4,571	–	0.10%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$845,912	–	7,657	–	0.09%	–
MRK	New	MERCK & CO INC	$803,334	–	6,962	–	0.09%	–
WMT	New	WALMART INC	$774,583	–	4,928	–	0.09%	–
NOW	New	SERVICENOW INC	$771,023	–	1,372	–	0.08%	–
BIIB	New	BIOGEN INC	$752,004	–	2,640	–	0.08%	–
NVDA	New	NVIDIA CORPORATION	$713,649	–	1,687	–	0.08%	–
BX	New	BLACKSTONE INC	$705,257	–	7,586	–	0.08%	–
FB	New	META PLATFORMS INCcl a	$707,693	–	2,466	–	0.08%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$700,073	–	2,053	–	0.08%	–
ADSK	New	AUTODESK INC	$653,320	–	3,193	–	0.07%	–
COP	New	CONOCOPHILLIPS	$638,548	–	6,163	–	0.07%	–
	New	VENTYX BIOSCIENCES INC	$629,104	–	19,180	–	0.07%	–
UBER	New	UBER TECHNOLOGIES INC	$622,425	–	14,418	–	0.07%	–
ABBV	New	ABBVIE INC	$613,697	–	4,555	–	0.07%	–
JNJ	New	JOHNSON & JOHNSON	$603,944	–	3,649	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$600,194	–	8,089	–	0.07%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$569,491	–	9,334	–	0.06%	–
GWW	New	GRAINGER W W INC	$571,728	–	725	–	0.06%	–
SQSP	New	SQUARESPACE INCclass a	$561,034	–	17,788	–	0.06%	–
MA	New	MASTERCARD INCORPORATEDcl a	$549,440	–	1,397	–	0.06%	–
PFE	New	PFIZER INC	$543,707	–	14,823	–	0.06%	–
PDN	New	INVESCO EXCH TRADED FD TR IIftse rafi sml	$519,935	–	16,881	–	0.06%	–
INTC	New	INTEL CORP	$520,561	–	15,567	–	0.06%	–
AMGN	New	AMGEN INC	$496,846	–	2,238	–	0.06%	–
QCOM	New	QUALCOMM INC	$489,673	–	4,114	–	0.05%	–
CAT	New	CATERPILLAR INC	$479,798	–	1,950	–	0.05%	–
TLT	New	ISHARES TR20 yr tr bd etf	$476,938	–	4,633	–	0.05%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$470,624	–	4,853	–	0.05%	–
ILMN	New	ILLUMINA INC	$455,976	–	2,432	–	0.05%	–
COST	New	COSTCO WHSL CORP NEW	$444,871	–	826	–	0.05%	–
CSCO	New	CISCO SYS INC	$426,855	–	8,250	–	0.05%	–
AVGO	New	BROADCOM INC	$414,632	–	478	–	0.05%	–
PG	New	PROCTER AND GAMBLE CO	$412,961	–	2,722	–	0.05%	–
DSI	New	ISHARES TRmsci kld400 soc	$403,848	–	4,798	–	0.04%	–
EOG	New	EOG RES INC	$410,725	–	3,589	–	0.04%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$398,942	–	4,072	–	0.04%	–
ITW	New	ILLINOIS TOOL WKS INC	$388,999	–	1,555	–	0.04%	–
BAC	New	BANK AMERICA CORP	$390,607	–	13,615	–	0.04%	–
TT	New	TRANE TECHNOLOGIES PLC	$385,389	–	2,015	–	0.04%	–
EFA	New	ISHARES TRmsci eafe etf	$385,193	–	5,313	–	0.04%	–
IWR	New	ISHARES TRrus mid cap etf	$383,992	–	5,258	–	0.04%	–
LLY	New	LILLY ELI & CO	$376,122	–	802	–	0.04%	–
TXN	New	TEXAS INSTRS INC	$377,862	–	2,099	–	0.04%	–
SPGI	New	S&P GLOBAL INC	$366,814	–	915	–	0.04%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$367,746	–	1,045	–	0.04%	–
XOM	New	EXXON MOBIL CORP	$352,081	–	3,283	–	0.04%	–
IEMG	New	ISHARES INCcore msci emkt	$354,543	–	7,193	–	0.04%	–
SCHH	New	SCHWAB STRATEGIC TRus reit etf	$353,805	–	18,116	–	0.04%	–
NVO	New	NOVO-NORDISK A Sadr	$343,403	–	2,122	–	0.04%	–
MCD	New	MCDONALDS CORP	$345,559	–	1,158	–	0.04%	–
PPBI	New	PACIFIC PREMIER BANCORP	$337,154	–	16,303	–	0.04%	–
ASML	New	ASML HOLDING N V	$333,385	–	460	–	0.04%	–
TMUS	New	T-MOBILE US INC	$338,360	–	2,436	–	0.04%	–
ABT	New	ABBOTT LABS	$336,436	–	3,086	–	0.04%	–
IAU	New	ISHARES GOLD TRishares new	$334,606	–	9,195	–	0.04%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$312,129	–	1,569	–	0.04%	–
ACN	New	ACCENTURE PLC IRELAND	$311,049	–	1,008	–	0.03%	–
TGT	New	TARGET CORP	$296,907	–	2,251	–	0.03%	–
ADI	New	ANALOG DEVICES INC	$295,332	–	1,516	–	0.03%	–
PANW	New	PALO ALTO NETWORKS INC	$295,881	–	1,158	–	0.03%	–
BA	New	BOEING CO	$302,381	–	1,432	–	0.03%	–
LRGF	New	ISHARES TRu s equity factr	$287,998	–	6,463	–	0.03%	–
SDY	New	SPDR SER TRs&p divid etf	$292,493	–	2,386	–	0.03%	–
SCHG	New	SCHWAB STRATEGIC TRus lcap gr etf	$285,952	–	3,815	–	0.03%	–
DIS	New	DISNEY WALT CO	$284,982	–	3,192	–	0.03%	–
WEC	New	WEC ENERGY GROUP INC	$286,427	–	3,246	–	0.03%	–
PSX	New	PHILLIPS 66	$262,581	–	2,753	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$259,649	–	2,660	–	0.03%	–
TARS	New	TARSUS PHARMACEUTICALS INC	$266,533	–	14,750	–	0.03%	–
XBI	New	SPDR SER TRs&p biotech	$260,837	–	3,135	–	0.03%	–
IQV	New	IQVIA HLDGS INC	$258,486	–	1,150	–	0.03%	–
LOW	New	LOWES COS INC	$257,975	–	1,143	–	0.03%	–
MRO	New	MARATHON OIL CORP	$257,830	–	11,200	–	0.03%	–
VV	New	VANGUARD INDEX FDSlarge cap etf	$249,548	–	1,231	–	0.03%	–
UNH	New	UNITEDHEALTH GROUP INC	$255,296	–	531	–	0.03%	–
TLTD	New	FLEXSHARES TRm star dev mkt	$248,132	–	3,823	–	0.03%	–
GS	New	GOLDMAN SACHS GROUP INC	$244,750	–	759	–	0.03%	–
	New	LINDE PLC	$244,272	–	641	–	0.03%	–
IG	New	PRINCIPAL EXCHANGE TRADED FDprnc invt grad	$241,944	–	11,762	–	0.03%	–
INGN	New	INOGEN INC	$238,057	–	20,611	–	0.03%	–
PYPL	New	PAYPAL HLDGS INC	$237,158	–	3,554	–	0.03%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$223,419	–	11,986	–	0.02%	–
CRM	New	SALESFORCE INC	$223,513	–	1,058	–	0.02%	–
CELH	New	CELSIUS HLDGS INC	$223,785	–	1,500	–	0.02%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$224,445	–	3,510	–	0.02%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$213,279	–	2,980	–	0.02%	–
EXPI	New	EXP WORLD HLDGS INC	$214,310	–	10,568	–	0.02%	–
RCL	New	ROYAL CARIBBEAN GROUP	$217,854	–	2,100	–	0.02%	–
LDP	New	COHEN & STEERS LTD DURATION	$182,000	–	10,000	–	0.02%	–
KNWN	New	KNOW LABS INC	$151,500	–	150,000	–	0.02%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$138,600	–	17,027	–	0.02%	–
PSTX	New	POSEIDA THERAPEUTICS INC	$127,704	–	72,559	–	0.01%	–
CDTX	New	CIDARA THERAPEUTICS INC	$116,912	–	103,462	–	0.01%	–
ALLO	New	ALLOGENE THERAPEUTICS INC	$95,543	–	19,224	–	0.01%	–
EQ	New	EQUILLIUM INC	$77,766	–	103,688	–	0.01%	–
INFI	New	INFINITY PHARMACEUTICALS INC	$33,364	–	158,500	–	0.00%	–
BTTR	New	BETTER CHOICE CO INC	$30,094	–	143,306	–	0.00%	–
	New	EFFECTOR THERAPEUTICS INC	$16,604	–	20,000	–	0.00%	–
CRDF	New	CARDIFF ONCOLOGY INC	$19,973	–	13,587	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	EFFECTOR THERAPEUTICS INC	$0	–	-20,000	–	-0.00%	–
	Exit	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$0	–	-50,000	–	-0.00%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-2,022	–	-0.03%	–
TLTD	Exit	FLEXSHARES TRm star dev mkt	$0	–	-3,908	–	-0.03%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-2,640	–	-0.04%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,623	–	-0.04%	–
LOW	Exit	LOWES COS INC	$0	–	-1,143	–	-0.04%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,879	–	-0.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-916	–	-0.04%	–
TFI	Exit	SPDR SER TRnuveen blmbrg mu	$0	–	-5,387	–	-0.04%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-1,442	–	-0.04%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,823	–	-0.04%	–
AVGO	Exit	BROADCOM INC	$0	–	-549	–	-0.04%	–
FLOT	Exit	ISHARES TRfltg rate nt etf	$0	–	-5,000	–	-0.04%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,217	–	-0.04%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-7,900	–	-0.04%	–
VSS	Exit	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$0	–	-2,728	–	-0.04%	–
AES	Exit	AES CORP	$0	–	-11,216	–	-0.04%	–
V	Exit	VISA INC	$0	–	-1,443	–	-0.04%	–
ASML	Exit	ASML HOLDING N V	$0	–	-651	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,265	–	-0.05%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,250	–	-0.05%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,127	–	-0.05%	–
INTC	Exit	INTEL CORP	$0	–	-12,095	–	-0.05%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-2,327	–	-0.05%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-10,088	–	-0.05%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-4,798	–	-0.05%	–
SCHH	Exit	SCHWAB STRATEGIC TRus reit etf	$0	–	-17,294	–	-0.05%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,950	–	-0.05%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,099	–	-0.05%	–
TGT	Exit	TARGET CORP	$0	–	-2,251	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,588	–	-0.06%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-2,305	–	-0.06%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-720	–	-0.06%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-8,538	–	-0.06%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,020	–	-0.06%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-1,387	–	-0.06%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-3,500	–	-0.06%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,525	–	-0.06%	–
EOG	Exit	EOG RES INC	$0	–	-3,462	–	-0.06%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,363	–	-0.06%	–
DIS	Exit	DISNEY WALT CO	$0	–	-4,339	–	-0.07%	–
JPST	Exit	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$0	–	-8,415	–	-0.07%	–
USHY	Exit	ISHARES TRbroad usd high	$0	–	-12,700	–	-0.07%	–
PDN	Exit	INVESCO EXCH TRADED FD TR IIftse rafi sml	$0	–	-16,881	–	-0.07%	–
SPYG	Exit	SPDR SER TRprtflo s&p500 gw	$0	–	-9,330	–	-0.08%	–
NFLX	Exit	NETFLIX INC	$0	–	-2,088	–	-0.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,994	–	-0.08%	–
SPYV	Exit	SPDR SER TRprtflo s&p500 vl	$0	–	-14,545	–	-0.08%	–
VEA	Exit	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$0	–	-14,547	–	-0.09%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,226	–	-0.09%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-12,224	–	-0.10%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-3,287	–	-0.10%	–
WMT	Exit	WALMART INC	$0	–	-4,857	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,040	–	-0.11%	–
PFE	Exit	PFIZER INC	$0	–	-15,264	–	-0.11%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-6,940	–	-0.11%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,417	–	-0.11%	–
FNDE	Exit	SCHWAB STRATEGIC TRschwb fdt emk lg	$0	–	-31,649	–	-0.12%	–
SCHX	Exit	SCHWAB STRATEGIC TRus lrg cap etf	$0	–	-17,768	–	-0.12%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-3,784	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-4,738	–	-0.13%	–
AMZN	Exit	AMAZON COM INC	$0	–	-7,220	–	-0.13%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-21,860	–	-0.13%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-9,264	–	-0.14%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-8,820	–	-0.14%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-6,128	–	-0.15%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,479	–	-0.16%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-26,788	–	-0.16%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,258	–	-0.16%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-13,958	–	-0.16%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-15,988	–	-0.18%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-10,600	–	-0.18%	–
LRGF	Exit	ISHARES TRu s equity factr	$0	–	-30,402	–	-0.18%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-3,364	–	-0.18%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-17,571	–	-0.20%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-20,518	–	-0.22%	–
TSLA	Exit	TESLA INC	$0	–	-5,106	–	-0.22%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-18,540	–	-0.23%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-18,756	–	-0.24%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-39,796	–	-0.31%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-14,624	–	-0.34%	–
SCHZ	Exit	SCHWAB STRATEGIC TRus aggregate b	$0	–	-47,257	–	-0.35%	–
BSV	Exit	VANGUARD BD INDEX FDSshort trm bond	$0	–	-28,746	–	-0.35%	–
OMFL	Exit	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$0	–	-58,434	–	-0.37%	–
JMST	Exit	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$0	–	-46,159	–	-0.38%	–
DFAC	Exit	DIMENSIONAL ETF TRUSTus core equity 2	$0	–	-105,627	–	-0.38%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-16,333	–	-0.42%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-65,022	–	-0.42%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-26,317	–	-0.44%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-58,409	–	-0.44%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,023	–	-0.46%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-9,123	–	-0.53%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-50,196	–	-0.54%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-14,719	–	-0.56%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-22,676	–	-0.63%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-54,204	–	-0.66%	–
PXF	Exit	INVESCO EXCH TRADED FD TR IIftse rafi dev	$0	–	-118,013	–	-0.67%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-56,270	–	-0.76%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-155,824	–	-0.77%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-225,998	–	-0.82%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-68,889	–	-0.83%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-36,205	–	-0.84%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-65,993	–	-0.88%	–
EMGF	Exit	ISHARES INCmsci emerg mkt	$0	–	-147,614	–	-0.92%	–
AVUS	Exit	AMERICAN CENTY ETF TRus eqt etf	$0	–	-91,618	–	-0.93%	–
GEM	Exit	GOLDMAN SACHS ETF TRactivebeta eme	$0	–	-233,928	–	-0.98%	–
AVDV	Exit	AMERICAN CENTY ETF TRintl smcp vlu	$0	–	-127,189	–	-0.98%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-29,826	–	-1.09%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-69,115	–	-1.36%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-28,076	–	-1.40%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-60,950	–	-1.45%	–
SPTM	Exit	SPDR SER TRportfoli s&p1500	$0	–	-224,909	–	-1.62%	–
AAPL	Exit	APPLE INC	$0	–	-85,176	–	-1.92%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-289,698	–	-2.00%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-350,294	–	-2.08%	–
SPDW	Exit	SPDR INDEX SHS FDSportfolio devlpd	$0	–	-530,250	–	-2.23%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-115,201	–	-2.23%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-351,646	–	-2.54%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-432,989	–	-3.32%	–
	Exit	DIMENSIONAL ETF TRUSTintl small cap v	$0	–	-1,171,103	–	-3.54%	–
FNDX	Exit	SCHWAB STRATEGIC TRschwab fdt us lg	$0	–	-479,482	–	-3.73%	–
INTF	Exit	ISHARES TRintl eqty factor	$0	–	-1,150,038	–	-3.92%	–
GSLC	Exit	GOLDMAN SACHS ETF TRactivebeta us lg	$0	–	-364,225	–	-4.21%	–
GSIE	Exit	GOLDMAN SACHS ETF TRactivebeta int	$0	–	-1,050,212	–	-4.23%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-220,683	–	-4.99%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-1,255,295	–	-5.14%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-1,891,132	–	-8.66%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-2,099,947	–	-14.36%	–

Q3 2022

			Value		Shares		↓ Weighting
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$88,177,000	-9.6%	2,099,947	-4.9%	14.36%	-4.6%
SCHF	Sell	SCHWAB STRATEGIC TRintl eqty etf	$53,198,000	-11.8%	1,891,132	-1.4%	8.66%	-7.0%
FNDF	Buy	SCHWAB STRATEGIC TRschwb fdt int lg	$31,571,000	-8.7%	1,255,295	+2.8%	5.14%	-3.6%
PRF	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$30,624,000	-5.1%	220,683	+1.4%	4.99%	+0.2%
GSIE	Buy	GOLDMAN SACHS ETF TRactivebeta int	$25,993,000	-5.7%	1,050,212	+5.8%	4.23%	-0.5%
GSLC	Sell	GOLDMAN SACHS ETF TRactivebeta us lg	$25,867,000	-18.3%	364,225	-13.8%	4.21%	-13.8%
INTF	Sell	ISHARES TRintl eqty factor	$24,082,000	-14.2%	1,150,038	-3.6%	3.92%	-9.4%
FNDX	Sell	SCHWAB STRATEGIC TRschwab fdt us lg	$22,900,000	-21.4%	479,482	-16.2%	3.73%	-17.0%
	Buy	DIMENSIONAL ETF TRUSTintl small cap v	$21,736,000	+8196.2%	1,171,103	+9296.6%	3.54%	+8747.5%
FNDB	Buy	SCHWAB STRATEGIC TRschwab fdt us bm	$20,407,000	+37.0%	432,989	+46.0%	3.32%	+44.6%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$15,599,000	-11.8%	351,646	-0.7%	2.54%	-6.9%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$13,684,000	+2.6%	115,201	+9.8%	2.23%	+8.3%
SPDW	Buy	SPDR INDEX SHS FDSportfolio devlpd	$13,680,000	+22.8%	530,250	+37.2%	2.23%	+29.6%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$12,782,000	-26.3%	350,294	-15.8%	2.08%	-22.2%
FNDA	Sell	SCHWAB STRATEGIC TRschwab fdt us sc	$12,318,000	-19.5%	289,698	-14.3%	2.00%	-15.0%
AAPL	Sell	APPLE INC	$11,771,000	+1.0%	85,176	-0.1%	1.92%	+6.6%
SPTM	Buy	SPDR SER TRportfoli s&p1500	$9,921,000	+43.7%	224,909	+51.4%	1.62%	+51.6%
PRFZ	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$8,881,000	+25.8%	60,950	+32.4%	1.45%	+32.8%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$8,630,000	-20.0%	28,076	-15.0%	1.40%	-15.6%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$8,371,000	-0.8%	69,115	+5.0%	1.36%	+4.7%
VHT	Sell	VANGUARD WORLD FDShealth car etf	$6,672,000	-12.0%	29,826	-7.3%	1.09%	-7.1%
GEM	Sell	GOLDMAN SACHS ETF TRactivebeta eme	$6,042,000	-27.3%	233,928	-16.3%	0.98%	-23.2%
AVDV	Sell	AMERICAN CENTY ETF TRintl smcp vlu	$6,041,000	-80.5%	127,189	-78.3%	0.98%	-79.4%
AVUS	New	AMERICAN CENTY ETF TRus eqt etf	$5,712,000	–	91,618	–	0.93%	–
EMGF	Buy	ISHARES INCmsci emerg mkt	$5,673,000	+18.0%	147,614	+31.8%	0.92%	+24.7%
VOX	Sell	VANGUARD WORLD FDS	$5,436,000	-17.7%	65,993	-6.0%	0.88%	-13.1%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$5,157,000	-1.5%	36,205	-4.9%	0.84%	+4.1%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,117,000	-2.5%	68,889	+0.1%	0.83%	+3.0%
SCHE	Buy	SCHWAB STRATEGIC TRemrg mkteq etf	$5,062,000	+66.5%	225,998	+88.6%	0.82%	+75.7%
XLF	Sell	SELECT SECTOR SPDR TRfinancial	$4,731,000	-10.7%	155,824	-7.5%	0.77%	-5.8%
XLI	Buy	SELECT SECTOR SPDR TRsbi int-inds	$4,661,000	+1.3%	56,270	+6.8%	0.76%	+7.1%
PXF	Sell	INVESCO EXCH TRADED FD TR IIftse rafi dev	$4,140,000	-19.2%	118,013	-8.4%	0.67%	-14.7%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$4,035,000	+5.3%	54,204	+9.1%	0.66%	+11.2%
VDC	Sell	VANGUARD WORLD FDSconsum stp etf	$3,896,000	-15.7%	22,676	-9.1%	0.63%	-11.1%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$3,460,000	+11.2%	14,719	+7.6%	0.56%	+17.3%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$3,350,000	+2.2%	50,196	+10.5%	0.54%	+7.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$3,259,000	+22.9%	9,123	+29.8%	0.53%	+29.8%
MSFT	Buy	MICROSOFT CORP	$2,800,000	+1.8%	12,023	+12.3%	0.46%	+7.5%
VXUS	Sell	VANGUARD STAR FDSvg tl intl stk f	$2,673,000	-17.8%	58,409	-7.2%	0.44%	-13.2%
VDE	Sell	VANGUARD WORLD FDSenergy etf	$2,673,000	-2.6%	26,317	-4.6%	0.44%	+2.8%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$2,613,000	+1.6%	65,022	+6.7%	0.42%	+7.1%
VIS	Sell	VANGUARD WORLD FDSindustrial etf	$2,573,000	-14.9%	16,333	-11.8%	0.42%	-10.1%
DFAC	Buy	DIMENSIONAL ETF TRUSTus core equity 2	$2,349,000	+2.8%	105,627	+7.7%	0.38%	+8.5%
JMST	Buy	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$2,322,000	+25.2%	46,159	+26.1%	0.38%	+32.2%
OMFL	Sell	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$2,282,000	-11.3%	58,434	-6.4%	0.37%	-6.3%
BSV	Buy	VANGUARD BD INDEX FDSshort trm bond	$2,151,000	-2.4%	28,746	+0.1%	0.35%	+2.9%
SCHZ	Sell	SCHWAB STRATEGIC TRus aggregate b	$2,141,000	-19.5%	47,257	-14.9%	0.35%	-14.9%
VPU	Sell	VANGUARD WORLD FDSutilities etf	$2,080,000	-10.8%	14,624	-4.4%	0.34%	-5.8%
XLC	Buy	SELECT SECTOR SPDR TR	$1,906,000	+4.9%	39,796	+18.9%	0.31%	+10.7%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$1,504,000	-19.6%	18,756	-8.6%	0.24%	-14.9%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$1,403,000	+24.7%	18,540	+31.8%	0.23%	+31.0%
TSLA	Buy	TESLA INC	$1,354,000	+17.5%	5,106	+198.4%	0.22%	+23.6%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$1,344,000	-1.0%	20,518	+6.0%	0.22%	+4.8%
XLB	Buy	SELECT SECTOR SPDR TRsbi materials	$1,195,000	+4.3%	17,571	+12.8%	0.20%	+10.2%
LRGF	Sell	ISHARES TRu s equity factr	$1,101,000	-56.4%	30,402	-54.4%	0.18%	-54.0%
MUB	New	ISHARES TRnational mun etf	$1,087,000	–	10,600	–	0.18%	–
IYF	Sell	ISHARES TRu.s. finls etf	$1,080,000	-6.1%	15,988	-2.7%	0.18%	-0.6%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$1,005,000	+4.5%	13,958	+3.7%	0.16%	+10.8%
ORCL	Buy	ORACLE CORP	$993,000	-0.4%	16,258	+14.0%	0.16%	+5.2%
XLRE	Buy	SELECT SECTOR SPDR TRrl est sel sec	$965,000	+3.5%	26,788	+17.4%	0.16%	+9.0%
HD	Buy	HOME DEPOT INC	$960,000	+19.9%	3,479	+19.2%	0.16%	+25.8%
VAW	Sell	VANGUARD WORLD FDSmaterials etf	$910,000	-25.2%	6,128	-19.3%	0.15%	-21.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$844,000	-15.1%	8,820	+1834.2%	0.14%	-10.5%
BOND	Buy	PIMCO ETF TRactive bd etf	$831,000	-5.2%	9,264	+0.6%	0.14%	0.0%
SCHA	Sell	SCHWAB STRATEGIC TRus sml cap etf	$826,000	-9.5%	21,860	-6.7%	0.13%	-5.0%
AMZN	Sell	AMAZON COM INC	$816,000	+5.8%	7,220	-0.6%	0.13%	+11.8%
PEP	Buy	PEPSICO INC	$774,000	+91.1%	4,738	+94.8%	0.13%	+103.2%
IWB	Sell	ISHARES TRrus 1000 etf	$747,000	-5.4%	3,784	-0.4%	0.12%	0.0%
SCHX	Sell	SCHWAB STRATEGIC TRus lrg cap etf	$752,000	-10.3%	17,768	-5.3%	0.12%	-5.4%
PFE	Buy	PFIZER INC	$668,000	+31.0%	15,264	+57.0%	0.11%	+38.0%
JPM	Buy	JPMORGAN CHASE & CO	$671,000	+36.7%	6,417	+47.2%	0.11%	+43.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$667,000	-12.1%	6,940	+1900.0%	0.11%	-6.8%
JNJ	Buy	JOHNSON & JOHNSON	$660,000	+193.3%	4,040	+219.1%	0.11%	+205.7%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$618,000	-5.2%	3,287	-0.6%	0.10%	0.0%
VTEB	Buy	VANGUARD MUN BD FDStax exempt bd	$588,000	+44.8%	12,224	+50.2%	0.10%	+52.4%
COST	Buy	COSTCO WHSL CORP NEW	$579,000	+78.7%	1,226	+81.6%	0.09%	+88.0%
VEA	Sell	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$529,000	-43.3%	14,547	-36.4%	0.09%	-40.3%
PG	Buy	PROCTER AND GAMBLE CO	$504,000	+33.7%	3,994	+52.3%	0.08%	+41.4%
SPYV	New	SPDR SER TRprtflo s&p500 vl	$502,000	–	14,545	–	0.08%	–
SPYG	New	SPDR SER TRprtflo s&p500 gw	$467,000	–	9,330	–	0.08%	–
USHY	New	ISHARES TRbroad usd high	$427,000	–	12,700	–	0.07%	–
JPST	Buy	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$422,000	+71.5%	8,415	+71.2%	0.07%	+81.6%
DIS	Buy	DISNEY WALT CO	$409,000	+37.7%	4,339	+38.1%	0.07%	+45.7%
MRK	Buy	MERCK & CO INC	$390,000	+8.9%	4,525	+15.2%	0.06%	+14.5%
TIP	New	ISHARES TRtips bd etf	$367,000	–	3,500	–	0.06%	–
QQQ	Buy	INVESCO QQQ TRunit ser 1	$371,000	+3.9%	1,387	+9.0%	0.06%	+9.1%
IVV	Sell	ISHARES TRcore s&p500 etf	$366,000	-6.4%	1,020	-1.0%	0.06%	0.0%
IEMG	Sell	ISHARES INCcore msci emkt	$367,000	-30.1%	8,538	-20.3%	0.06%	-25.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$364,000	-2.7%	720	-1.1%	0.06%	+1.7%
PNC	New	PNC FINL SVCS GROUP INC	$344,000	–	2,305	–	0.06%	–
ABBV	New	ABBVIE INC	$347,000	–	2,588	–	0.06%	–
HON	New	HONEYWELL INTL INC	$326,000	–	1,950	–	0.05%	–
INTC	Buy	INTEL CORP	$312,000	-14.8%	12,095	+23.7%	0.05%	-8.9%
TMUS	Buy	T-MOBILE US INC	$312,000	+19.5%	2,327	+19.8%	0.05%	+27.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$301,000	-6.2%	1,127	-4.1%	0.05%	-2.0%
MCD	New	MCDONALDS CORP	$288,000	–	1,250	–	0.05%	–
AMGN	Buy	AMGEN INC	$285,000	+16.3%	1,265	+25.9%	0.05%	+21.1%
ASML	Sell	ASML HOLDING N V	$270,000	-14.6%	651	-1.8%	0.04%	-10.2%
CSCO	New	CISCO SYS INC	$249,000	–	6,217	–	0.04%	–
VSS	Sell	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$253,000	-11.8%	2,728	-2.0%	0.04%	-6.8%
FLOT	New	ISHARES TRfltg rate nt etf	$251,000	–	5,000	–	0.04%	–
PFF	New	ISHARES TRpfd and incm sec	$250,000	–	7,900	–	0.04%	–
AES	New	AES CORP	$253,000	–	11,216	–	0.04%	–
PYPL	New	PAYPAL HLDGS INC	$243,000	–	2,823	–	0.04%	–
AVGO	New	BROADCOM INC	$244,000	–	549	–	0.04%	–
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$246,000	-2.4%	1,442	+0.7%	0.04%	+2.6%
ACN	New	ACCENTURE PLC IRELAND	$236,000	–	916	–	0.04%	–
LOW	New	LOWES COS INC	$215,000	–	1,143	–	0.04%	–
PSX	New	PHILLIPS 66	$212,000	–	2,623	–	0.04%	–
TLTD	Buy	FLEXSHARES TRm star dev mkt	$202,000	-9.8%	3,908	+0.6%	0.03%	-5.7%
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,126	–	-0.03%	–
PXH	Exit	INVESCO EXCH TRADED FD TR IIftse rafi emng	$0	–	-14,239	–	-0.04%	–

Q2 2022

			Value		Shares		↓ Weighting
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$97,554,000	–	2,207,606	–	15.05%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$60,349,000	–	1,918,876	–	9.31%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$34,584,000	–	1,221,616	–	5.33%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$32,267,000	–	217,725	–	4.98%	–
GSLC	New	GOLDMAN SACHS ETF TRactivebeta us lg	$31,660,000	–	422,472	–	4.88%	–
AVDV	New	AMERICAN CENTY ETF TRintl smcp vlu	$30,963,000	–	586,866	–	4.78%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$29,139,000	–	572,485	–	4.49%	–
INTF	New	ISHARES TRintl eqty factor	$28,058,000	–	1,192,451	–	4.33%	–
GSIE	New	GOLDMAN SACHS ETF TRactivebeta int	$27,569,000	–	992,757	–	4.25%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$17,687,000	–	354,031	–	2.73%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$17,336,000	–	416,227	–	2.67%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$15,299,000	–	338,107	–	2.36%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$14,899,000	–	296,607	–	2.30%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$13,343,000	–	104,966	–	2.06%	–
AAPL	New	APPLE INC	$11,652,000	–	85,226	–	1.80%	–
SPDW	New	SPDR INDEX SHS FDSportfolio devlpd	$11,144,000	–	386,406	–	1.72%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$10,790,000	–	33,044	–	1.66%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$8,439,000	–	65,809	–	1.30%	–
GEM	New	GOLDMAN SACHS ETF TRactivebeta eme	$8,312,000	–	279,403	–	1.28%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$7,581,000	–	32,191	–	1.17%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$7,058,000	–	46,027	–	1.09%	–
SPTM	New	SPDR SER TRportfoli s&p1500	$6,903,000	–	148,508	–	1.06%	–
VOX	New	VANGUARD WORLD FDS	$6,603,000	–	70,219	–	1.02%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$5,299,000	–	168,490	–	0.82%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,248,000	–	68,819	–	0.81%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$5,234,000	–	38,072	–	0.81%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$5,125,000	–	128,772	–	0.79%	–
EMGF	New	ISHARES INCmsci emerg mkt	$4,806,000	–	111,971	–	0.74%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$4,622,000	–	24,936	–	0.71%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$4,600,000	–	52,669	–	0.71%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$3,833,000	–	49,662	–	0.59%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$3,279,000	–	45,423	–	0.51%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$3,250,000	–	62,965	–	0.50%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$3,112,000	–	13,682	–	0.48%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$3,041,000	–	119,812	–	0.47%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$3,024,000	–	18,515	–	0.47%	–
MSFT	New	MICROSOFT CORP	$2,750,000	–	10,707	–	0.42%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$2,745,000	–	27,594	–	0.42%	–
SCHZ	New	SCHWAB STRATEGIC TRus aggregate b	$2,659,000	–	55,552	–	0.41%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,651,000	–	7,027	–	0.41%	–
OMFL	New	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$2,573,000	–	62,461	–	0.40%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$2,571,000	–	60,957	–	0.40%	–
LRGF	New	ISHARES TRu s equity factr	$2,525,000	–	66,634	–	0.39%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$2,331,000	–	15,298	–	0.36%	–
DFAC	New	DIMENSIONAL ETF TRUSTus core equity 2	$2,285,000	–	98,051	–	0.35%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$2,205,000	–	28,718	–	0.34%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$1,870,000	–	20,528	–	0.29%	–
JMST	New	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$1,854,000	–	36,610	–	0.29%	–
XLC	New	SELECT SECTOR SPDR TR	$1,817,000	–	33,475	–	0.28%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,357,000	–	19,351	–	0.21%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$1,216,000	–	7,591	–	0.19%	–
VOO	New	VANGUARD INDEX FDS	$1,167,000	–	3,364	–	0.18%	–
TSLA	New	TESLA INC	$1,152,000	–	1,711	–	0.18%	–
IYF	New	ISHARES TRu.s. finls etf	$1,150,000	–	16,432	–	0.18%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,146,000	–	15,572	–	0.18%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,125,000	–	14,064	–	0.17%	–
ORCL	New	ORACLE CORP	$997,000	–	14,267	–	0.15%	–
GOOGL	New	ALPHABET INCcap stk cl a	$994,000	–	456	–	0.15%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$962,000	–	13,454	–	0.15%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$933,000	–	22,863	–	0.14%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$932,000	–	22,814	–	0.14%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$913,000	–	23,418	–	0.14%	–
BOND	New	PIMCO ETF TRactive bd etf	$877,000	–	9,206	–	0.14%	–
SCHX	New	SCHWAB STRATEGIC TRus lrg cap etf	$838,000	–	18,765	–	0.13%	–
FNDE	New	SCHWAB STRATEGIC TRschwb fdt emk lg	$821,000	–	31,649	–	0.13%	–
HD	New	HOME DEPOT INC	$801,000	–	2,919	–	0.12%	–
IWB	New	ISHARES TRrus 1000 etf	$790,000	–	3,801	–	0.12%	–
AMZN	New	AMAZON COM INC	$771,000	–	7,260	–	0.12%	–
GOOG	New	ALPHABET INCcap stk cl c	$759,000	–	347	–	0.12%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$652,000	–	3,308	–	0.10%	–
WMT	New	WALMART INC	$591,000	–	4,857	–	0.09%	–
IEMG	New	ISHARES INCcore msci emkt	$525,000	–	10,708	–	0.08%	–
PFE	New	PFIZER INC	$510,000	–	9,723	–	0.08%	–
PDN	New	INVESCO EXCH TRADED FD TR IIftse rafi sml	$491,000	–	16,881	–	0.08%	–
JPM	New	JPMORGAN CHASE & CO	$491,000	–	4,358	–	0.08%	–
MA	New	MASTERCARD INCORPORATEDcl a	$430,000	–	1,363	–	0.07%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$406,000	–	8,136	–	0.06%	–
PEP	New	PEPSICO INC	$405,000	–	2,432	–	0.06%	–
IVV	New	ISHARES TRcore s&p500 etf	$391,000	–	1,030	–	0.06%	–
EOG	New	EOG RES INC	$382,000	–	3,462	–	0.06%	–
UNH	New	UNITEDHEALTH GROUP INC	$374,000	–	728	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$377,000	–	2,623	–	0.06%	–
INTC	New	INTEL CORP	$366,000	–	9,780	–	0.06%	–
SCHH	New	SCHWAB STRATEGIC TRus reit etf	$365,000	–	17,294	–	0.06%	–
NFLX	New	NETFLIX INC	$365,000	–	2,088	–	0.06%	–
MRK	New	MERCK & CO INC	$358,000	–	3,927	–	0.06%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$357,000	–	1,272	–	0.06%	–
DSI	New	ISHARES TRmsci kld400 soc	$345,000	–	4,798	–	0.05%	–
IAU	New	ISHARES GOLD TRishares new	$346,000	–	10,088	–	0.05%	–
TXN	New	TEXAS INSTRS INC	$323,000	–	2,099	–	0.05%	–
COST	New	COSTCO WHSL CORP NEW	$324,000	–	675	–	0.05%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$321,000	–	1,175	–	0.05%	–
ASML	New	ASML HOLDING N V	$316,000	–	663	–	0.05%	–
TGT	New	TARGET CORP	$318,000	–	2,251	–	0.05%	–
DIS	New	DISNEY WALT CO	$297,000	–	3,141	–	0.05%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$287,000	–	2,783	–	0.04%	–
V	New	VISA INC	$284,000	–	1,443	–	0.04%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$259,000	–	14,239	–	0.04%	–
	New	DIMENSIONAL ETF TRUSTintl small cap v	$262,000	–	12,463	–	0.04%	–
TMUS	New	T-MOBILE US INC	$261,000	–	1,942	–	0.04%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$252,000	–	1,432	–	0.04%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$254,000	–	2,640	–	0.04%	–
TFI	New	SPDR SER TRnuveen blmbrg mu	$247,000	–	5,387	–	0.04%	–
JPST	New	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$246,000	–	4,916	–	0.04%	–
AMGN	New	AMGEN INC	$245,000	–	1,005	–	0.04%	–
NVO	New	NOVO-NORDISK A Sadr	$225,000	–	2,022	–	0.04%	–
TLTD	New	FLEXSHARES TRm star dev mkt	$224,000	–	3,885	–	0.04%	–
JNJ	New	JOHNSON & JOHNSON	$225,000	–	1,266	–	0.04%	–
NEE	New	NEXTERA ENERGY INC	$223,000	–	2,879	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$210,000	–	2,126	–	0.03%	–
	New	EFFECTOR THERAPEUTICS INC	$28,000	–	20,000	–	0.00%	–
	New	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$22,000	–	50,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$0	–	-50,000	–	-0.01%	–
EVFM	Exit	EVOFEM BIOSCIENCES INC	$0	–	-50,000	–	-0.01%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,126	–	-0.03%	–
NKE	Exit	NIKE INCcl b	$0	–	-1,443	–	-0.04%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-599	–	-0.04%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-2,836	–	-0.04%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-5,215	–	-0.04%	–
LOW	Exit	LOWES COS INC	$0	–	-1,088	–	-0.04%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC.	$0	–	-1,436	–	-0.04%	–
PEP	Exit	PEPSICO INC	$0	–	-1,762	–	-0.04%	–
EOG	Exit	EOG RES INC	$0	–	-3,402	–	-0.04%	–
TLTD	Exit	FLEXSHARES TRm star dev mkt	$0	–	-3,744	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,305	–	-0.05%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,762	–	-0.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,455	–	-0.06%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,040	–	-0.06%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,194	–	-0.07%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,020	–	-0.07%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,293	–	-0.08%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-5,510	–	-0.08%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,867	–	-0.08%	–
INFI	Exit	INFINITY PHARMACEUTICALS INC	$0	–	-146,200	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-2,224	–	-0.08%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,007	–	-0.08%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-3,928	–	-0.10%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-223	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-11,516	–	-0.10%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-231	–	-0.10%	–
WMT	Exit	WALMART INC	$0	–	-4,645	–	-0.11%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,224	–	-0.12%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,811	–	-0.12%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-14,933	–	-0.13%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-3,295	–	-0.13%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-18,453	–	-0.14%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-3,784	–	-0.15%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-6,197	–	-0.18%	–
AMZN	Exit	AMAZON COM INC	$0	–	-338	–	-0.18%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-36,768	–	-0.19%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-14,294	–	-0.19%	–
TSLA	Exit	TESLA INC	$0	–	-1,520	–	-0.20%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-19,397	–	-0.21%	–
JPST	Exit	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$0	–	-24,893	–	-0.21%	–
NFLX	Exit	NETFLIX INC	$0	–	-2,088	–	-0.21%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-14,063	–	-0.22%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-12,322	–	-0.23%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-16,749	–	-0.23%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,155	–	-0.23%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-11,771	–	-0.27%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-25,134	–	-0.31%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-18,907	–	-0.32%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,950	–	-0.33%	–
BSV	Exit	VANGUARD BD INDEX FDSshort trm bond	$0	–	-30,941	–	-0.42%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-15,301	–	-0.48%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,998	–	-0.50%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-56,200	–	-0.50%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-45,053	–	-0.52%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-19,381	–	-0.58%	–
OMFL	Exit	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$0	–	-78,525	–	-0.60%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-62,108	–	-0.65%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-12,833	–	-0.66%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-22,209	–	-0.67%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-47,385	–	-0.73%	–
EMGF	Exit	ISHARES INCmsci emerg mkt	$0	–	-87,281	–	-0.75%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-47,467	–	-0.77%	–
JMST	Exit	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$0	–	-94,928	–	-0.81%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-136,106	–	-0.85%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-30,498	–	-0.91%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-122,761	–	-0.99%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-72,775	–	-1.00%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-27,479	–	-1.13%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-56,897	–	-1.20%	–
GEM	Exit	GOLDMAN SACHS ETF TRactivebeta eme	$0	–	-207,747	–	-1.28%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-68,409	–	-1.60%	–
AAPL	Exit	APPLE INC	$0	–	-80,941	–	-1.90%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-28,628	–	-1.91%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-223,798	–	-1.96%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-94,325	–	-2.34%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-350,100	–	-2.91%	–
INTF	Exit	ISHARES TRmsci intl multft	$0	–	-619,191	–	-2.99%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-363,724	–	-3.69%	–
FNDX	Exit	SCHWAB STRATEGIC TRschwab fdt us lg	$0	–	-427,741	–	-3.84%	–
GSIE	Exit	GOLDMAN SACHS ETF TRactivebeta int	$0	–	-1,000,386	–	-5.68%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-1,097,449	–	-5.99%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-231,931	–	-6.11%	–
GSLC	Exit	GOLDMAN SACHS ETF TRactivebeta us lg	$0	–	-685,196	–	-9.80%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-1,615,729	–	-10.40%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-964,840	–	-16.66%	–

Q3 2021

			Value		Shares		↓ Weighting
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$100,208,000	+5.4%	964,840	+5.8%	16.66%	+0.8%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$62,529,000	+7.8%	1,615,729	+9.9%	10.40%	+3.1%
GSLC	Buy	GOLDMAN SACHS ETF TRactivebeta us lg	$58,947,000	+3.9%	685,196	+3.9%	9.80%	-0.6%
PRF	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$36,729,000	-1.3%	231,931	-0.1%	6.11%	-5.6%
FNDF	Buy	SCHWAB STRATEGIC TRschwb fdt int lg	$36,029,000	+5.6%	1,097,449	+7.1%	5.99%	+1.0%
GSIE	Buy	GOLDMAN SACHS ETF TRactivebeta int	$34,183,000	+9.3%	1,000,386	+11.7%	5.68%	+4.5%
FNDX	Buy	SCHWAB STRATEGIC TRschwab fdt us lg	$23,077,000	+15.0%	427,741	+16.6%	3.84%	+10.0%
VEU	Buy	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$22,173,000	-3.8%	363,724	+0.1%	3.69%	-8.0%
INTF	Sell	ISHARES TRmsci intl multft	$17,969,000	-3.8%	619,191	-0.4%	2.99%	-8.0%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$17,508,000	-1.8%	350,100	+6.6%	2.91%	-6.1%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$14,085,000	+0.9%	94,325	-0.3%	2.34%	-3.5%
FNDA	Buy	SCHWAB STRATEGIC TRschwab fdt us sc	$11,790,000	+26.5%	223,798	+30.6%	1.96%	+21.0%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$11,488,000	+8.8%	28,628	+8.1%	1.91%	+4.0%
AAPL	Sell	APPLE INC	$11,453,000	-2.2%	80,941	-5.3%	1.90%	-6.4%
VOX	Buy	VANGUARD WORLD FDS	$9,630,000	+1.9%	68,409	+4.1%	1.60%	-2.5%
GEM	Buy	GOLDMAN SACHS ETF TRactivebeta eme	$7,707,000	-1.8%	207,747	+8.1%	1.28%	-6.1%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$7,243,000	+2.6%	56,897	+1.5%	1.20%	-1.9%
VHT	Buy	VANGUARD WORLD FDShealth car etf	$6,792,000	+10.3%	27,479	+10.3%	1.13%	+5.5%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,997,000	-0.3%	72,775	+0.0%	1.00%	-4.7%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$5,932,000	+1.1%	122,761	+1.3%	0.99%	-3.3%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$5,473,000	+1.3%	30,498	+0.8%	0.91%	-3.1%
XLF	Buy	SELECT SECTOR SPDR TRfinancial	$5,108,000	+2.7%	136,106	+0.4%	0.85%	-1.8%
JMST	Buy	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$4,848,000	+181.0%	94,928	+181.0%	0.81%	+168.7%
XLI	Buy	SELECT SECTOR SPDR TRsbi int-inds	$4,644,000	-2.9%	47,467	+1.6%	0.77%	-7.2%
EMGF	Buy	ISHARES INCmsci emerg mkt	$4,504,000	+2.5%	87,281	+7.6%	0.75%	-2.0%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$4,390,000	+10.5%	47,385	+7.9%	0.73%	+5.8%
PRFZ	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$4,053,000	-4.0%	22,209	-1.6%	0.67%	-8.0%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$3,978,000	+9.3%	12,833	+10.7%	0.66%	+4.4%
VXUS	Sell	VANGUARD STAR FDSvg tl intl stk f	$3,929,000	-5.1%	62,108	-1.5%	0.65%	-9.3%
OMFL	Sell	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$3,636,000	-1.0%	78,525	-0.0%	0.60%	-5.5%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$3,473,000	+11.3%	19,381	+13.3%	0.58%	+6.5%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$3,101,000	-1.3%	45,053	+0.4%	0.52%	-5.5%
FNDB	Sell	SCHWAB STRATEGIC TRschwab fdt us bm	$3,010,000	-2.4%	56,200	-0.9%	0.50%	-6.7%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$2,875,000	+7.8%	15,301	+12.7%	0.48%	+3.0%
BSV	Sell	VANGUARD BD INDEX FDSshort trm bond	$2,535,000	-0.9%	30,941	-0.6%	0.42%	-5.4%
MSFT	Sell	MICROSOFT CORP	$1,959,000	-1.5%	6,950	-5.3%	0.33%	-5.8%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$1,924,000	+7.2%	18,907	+7.2%	0.32%	+2.6%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$1,857,000	+3.8%	25,134	+6.6%	0.31%	-0.6%
VPU	Buy	VANGUARD WORLD FDSutilities etf	$1,638,000	+13.9%	11,771	+13.6%	0.27%	+8.8%
ORCL	Sell	ORACLE CORP	$1,408,000	+11.3%	16,155	-0.6%	0.23%	+6.4%
IYF	Sell	ISHARES TRu.s. finls etf	$1,383,000	+0.9%	16,749	-0.9%	0.23%	-3.4%
BOND	Sell	PIMCO ETF TRactive bd etf	$1,362,000	-6.9%	12,322	-6.5%	0.23%	-11.0%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$1,328,000	-0.3%	14,063	+0.4%	0.22%	-4.7%
JPST	Buy	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$1,263,000	+78.6%	24,893	+78.6%	0.21%	+70.7%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$1,239,000	+0.7%	19,397	-0.3%	0.21%	-3.7%
TSLA	Sell	TESLA INC	$1,179,000	+13.0%	1,520	-0.9%	0.20%	+8.3%
XLB	Buy	SELECT SECTOR SPDR TRsbi materials	$1,131,000	+0.4%	14,294	+4.4%	0.19%	-4.1%
SCHE	Buy	SCHWAB STRATEGIC TRemrg mkteq etf	$1,121,000	+58.6%	36,768	+71.0%	0.19%	+51.2%
AMZN	Sell	AMAZON COM INC	$1,110,000	-11.6%	338	-7.4%	0.18%	-15.1%
VAW	Buy	VANGUARD WORLD FDSmaterials etf	$1,074,000	+5.7%	6,197	+10.3%	0.18%	+1.1%
XLRE	Buy	SELECT SECTOR SPDR TRrl est sel sec	$820,000	+0.6%	18,453	+0.3%	0.14%	-4.2%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$780,000	-0.1%	3,295	+0.1%	0.13%	-4.4%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$778,000	-3.8%	14,933	-0.6%	0.13%	-8.5%
PYPL	Sell	PAYPAL HLDGS INC	$731,000	-11.7%	2,811	-1.0%	0.12%	-15.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$616,000	-2.1%	231	-8.0%	0.10%	-6.4%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$582,000	-38.0%	3,928	-5.1%	0.10%	-40.5%
DIS	Sell	DISNEY WALT CO	$509,000	-4.1%	3,007	-0.5%	0.08%	-7.6%
TGT	Sell	TARGET CORP	$509,000	-12.2%	2,224	-7.3%	0.08%	-15.8%
INFI	Buy	INFINITY PHARMACEUTICALS INC	$500,000	+37.4%	146,200	+20.0%	0.08%	+31.7%
JPM	Sell	JPMORGAN CHASE & CO	$469,000	-6.2%	2,867	-10.9%	0.08%	-10.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$450,000	-6.6%	1,293	-2.0%	0.08%	-10.7%
FB	Sell	FACEBOOK INCcl a	$405,000	-16.8%	1,194	-14.8%	0.07%	-21.2%
PG	Buy	PROCTER AND GAMBLE CO	$343,000	+3.6%	2,455	+0.0%	0.06%	-1.7%
MRK	Sell	MERCK & CO INC	$283,000	-5.7%	3,762	-2.6%	0.05%	-9.6%
AMGN	Buy	AMGEN INC	$278,000	-9.7%	1,305	+3.2%	0.05%	-14.8%
TLTD	Buy	FLEXSHARES TRm star dev mkt	$269,000	-1.1%	3,744	+0.5%	0.04%	-4.3%
PEP	Sell	PEPSICO INC	$265,000	-8.6%	1,762	-9.8%	0.04%	-12.0%
BAC	Sell	BK OF AMERICA CORP	$221,000	-5.2%	5,215	-7.6%	0.04%	-7.5%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$214,000	-0.5%	599	-1.5%	0.04%	-2.7%
NKE	Sell	NIKE INCcl b	$210,000	-24.5%	1,443	-19.9%	0.04%	-27.1%
	Exit	PDC ENERGY INCnote 1.125% 9/1	$0	–	-10,000	–	-0.00%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-1,521	–	-0.04%	–

Q2 2021

			Value		Shares		↓ Weighting
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$95,085,000	–	911,911	–	16.53%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$57,994,000	–	1,470,056	–	10.08%	–
GSLC	New	GOLDMAN SACHS ETF TRactivebeta us lg	$56,728,000	–	659,396	–	9.86%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$37,208,000	–	232,073	–	6.47%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$34,110,000	–	1,024,930	–	5.93%	–
GSIE	New	GOLDMAN SACHS ETF TRactivebeta int	$31,275,000	–	895,351	–	5.44%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$23,040,000	–	363,469	–	4.00%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$20,070,000	–	366,783	–	3.49%	–
INTF	New	ISHARES TRmsci intl multft	$18,681,000	–	621,653	–	3.25%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$17,832,000	–	328,335	–	3.10%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$13,965,000	–	94,578	–	2.43%	–
AAPL	New	APPLE INC	$11,708,000	–	85,485	–	2.04%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$10,562,000	–	26,486	–	1.84%	–
VOX	New	VANGUARD WORLD FDS	$9,448,000	–	65,696	–	1.64%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$9,321,000	–	171,377	–	1.62%	–
GEM	New	GOLDMAN SACHS ETF TRactivebeta eme	$7,845,000	–	192,232	–	1.36%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$7,060,000	–	56,053	–	1.23%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$6,155,000	–	24,904	–	1.07%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$6,017,000	–	72,752	–	1.05%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$5,869,000	–	121,231	–	1.02%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$5,404,000	–	30,264	–	0.94%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$4,975,000	–	135,605	–	0.86%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$4,785,000	–	46,733	–	0.83%	–
EMGF	New	ISHARES INCmsci emerg mkt	$4,395,000	–	81,114	–	0.76%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$4,220,000	–	22,581	–	0.73%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$4,140,000	–	63,037	–	0.72%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$3,972,000	–	43,916	–	0.69%	–
OMFL	New	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$3,674,000	–	78,563	–	0.64%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$3,640,000	–	11,592	–	0.63%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$3,141,000	–	44,892	–	0.55%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$3,121,000	–	17,102	–	0.54%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$3,084,000	–	56,709	–	0.54%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,996,000	–	6,998	–	0.52%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$2,668,000	–	13,582	–	0.46%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$2,559,000	–	31,141	–	0.44%	–
MSFT	New	MICROSOFT CORP	$1,988,000	–	7,340	–	0.35%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$1,795,000	–	17,634	–	0.31%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$1,789,000	–	23,575	–	0.31%	–
JMST	New	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$1,725,000	–	33,786	–	0.30%	–
BOND	New	PIMCO ETF TRactive bd etf	$1,463,000	–	13,183	–	0.25%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$1,438,000	–	10,362	–	0.25%	–
IYF	New	ISHARES TRu.s. finls etf	$1,370,000	–	16,900	–	0.24%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$1,332,000	–	14,006	–	0.23%	–
ORCL	New	ORACLE CORP	$1,265,000	–	16,255	–	0.22%	–
AMZN	New	AMAZON COM INC	$1,256,000	–	365	–	0.22%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,230,000	–	19,455	–	0.21%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,127,000	–	13,688	–	0.20%	–
NFLX	New	NETFLIX INC	$1,103,000	–	2,088	–	0.19%	–
TSLA	New	TESLA INC	$1,043,000	–	1,534	–	0.18%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$1,016,000	–	5,619	–	0.18%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$938,000	–	4,137	–	0.16%	–
IWB	New	ISHARES TRrus 1000 etf	$916,000	–	3,784	–	0.16%	–
PYPL	New	PAYPAL HLDGS INC	$828,000	–	2,839	–	0.14%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$815,000	–	18,390	–	0.14%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$809,000	–	15,021	–	0.14%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$781,000	–	3,292	–	0.14%	–
HD	New	HOME DEPOT INC	$709,000	–	2,224	–	0.12%	–
JPST	New	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$707,000	–	13,934	–	0.12%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$707,000	–	21,501	–	0.12%	–
WMT	New	WALMART INC	$655,000	–	4,645	–	0.11%	–
INTC	New	INTEL CORP	$647,000	–	11,516	–	0.11%	–
GOOG	New	ALPHABET INCcap stk cl c	$629,000	–	251	–	0.11%	–
TGT	New	TARGET CORP	$580,000	–	2,400	–	0.10%	–
GOOGL	New	ALPHABET INCcap stk cl a	$545,000	–	223	–	0.10%	–
DIS	New	DISNEY WALT CO	$531,000	–	3,022	–	0.09%	–
JPM	New	JPMORGAN CHASE & CO	$500,000	–	3,217	–	0.09%	–
FB	New	FACEBOOK INCcl a	$487,000	–	1,401	–	0.08%	–
MA	New	MASTERCARD INCORPORATEDcl a	$482,000	–	1,319	–	0.08%	–
DSI	New	ISHARES TRmsci kld400 soc	$456,000	–	5,510	–	0.08%	–
IVV	New	ISHARES TRcore s&p500 etf	$439,000	–	1,020	–	0.08%	–
TXN	New	TEXAS INSTRS INC	$392,000	–	2,040	–	0.07%	–
INFI	New	INFINITY PHARMACEUTICALS INC	$364,000	–	121,800	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$331,000	–	2,454	–	0.06%	–
AMGN	New	AMGEN INC	$308,000	–	1,265	–	0.05%	–
MRK	New	MERCK & CO INC	$300,000	–	3,862	–	0.05%	–
PEP	New	PEPSICO INC	$290,000	–	1,954	–	0.05%	–
EOG	New	EOG RES INC	$284,000	–	3,402	–	0.05%	–
NKE	New	NIKE INCcl b	$278,000	–	1,801	–	0.05%	–
TLTD	New	FLEXSHARES TRm star dev mkt	$272,000	–	3,727	–	0.05%	–
JNJ	New	JOHNSON & JOHNSON	$251,000	–	1,521	–	0.04%	–
BAC	New	BK OF AMERICA CORP	$233,000	–	5,645	–	0.04%	–
IWR	New	ISHARES TRrus mid cap etf	$225,000	–	2,836	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$211,000	–	2,126	–	0.04%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.	$215,000	–	1,436	–	0.04%	–
LOW	New	LOWES COS INC	$211,000	–	1,088	–	0.04%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$215,000	–	608	–	0.04%	–
EVFM	New	EVOFEM BIOSCIENCES INC	$57,000	–	50,000	–	0.01%	–
	New	LIBERTY MEDIA CORP DELdeb 4.000%11/1	$35,000	–	50,000	–	0.01%	–
	New	PDC ENERGY INCnote 1.125% 9/1	$10,000	–	10,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
EVFM	Exit	EVOFEM BIOSCIENCES INC	$0	–	-50,000	–	-0.03%	–
TLTD	Exit	FLEXSHARES TRm star dev mkt	$0	–	-3,667	–	-0.05%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-1,128	–	-0.05%	–
PEP	Exit	PEPSICO INC	$0	–	-1,637	–	-0.05%	–
AMGN	Exit	AMGEN INC	$0	–	-1,005	–	-0.06%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,936	–	-0.06%	–
JPST	Exit	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$0	–	-5,785	–	-0.07%	–
MRK	Exit	MERCK & CO. INC	$0	–	-3,762	–	-0.07%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,241	–	-0.07%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,190	–	-0.07%	–
TGT	Exit	TARGET CORP	$0	–	-2,029	–	-0.07%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-11,071	–	-0.08%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,020	–	-0.08%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-234	–	-0.08%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,722	–	-0.08%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,152	–	-0.09%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-3,174	–	-0.09%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,507	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-9,780	–	-0.11%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-352	–	-0.12%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,982	–	-0.13%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-22,019	–	-0.13%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,180	–	-0.14%	–
WMT	Exit	WALMART INC	$0	–	-4,542	–	-0.14%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-19,006	–	-0.15%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-3,784	–	-0.16%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-5,660	–	-0.17%	–
TSLA	Exit	TESLA INC	$0	–	-1,918	–	-0.18%	–
ORCL	Exit	ORACLE CORP	$0	–	-14,164	–	-0.19%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-7,080	–	-0.20%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-14,479	–	-0.21%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-9,957	–	-0.21%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-24,573	–	-0.22%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-9,431	–	-0.24%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-9,889	–	-0.25%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-3,848	–	-0.25%	–
NFLX	Exit	NETFLIX INC	$0	–	-2,268	–	-0.26%	–
AMZN	Exit	AMAZON COM INC	$0	–	-362	–	-0.26%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-6,529	–	-0.26%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-15,008	–	-0.27%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-21,365	–	-0.28%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-9,883	–	-0.32%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,857	–	-0.32%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-12,438	–	-0.46%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-9,286	–	-0.49%	–
JMST	Exit	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$0	–	-43,788	–	-0.50%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,797	–	-0.51%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-59,935	–	-0.51%	–
OMFL	Exit	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$0	–	-79,204	–	-0.55%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-42,633	–	-0.56%	–
BSV	Exit	VANGUARD BD INDEX FDSshort trm bond	$0	–	-35,274	–	-0.66%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-92,452	–	-0.69%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-48,605	–	-0.70%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-17,666	–	-0.81%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-150,673	–	-0.81%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-34,951	–	-0.92%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-83,603	–	-0.92%	–
EMGF	Exit	ISHARES INCmsci emerg mkt	$0	–	-95,803	–	-0.94%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-58,831	–	-1.02%	–
GEM	Exit	GOLDMAN SACHS ETF TRactivebeta eme	$0	–	-163,821	–	-1.21%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-67,254	–	-1.25%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-38,090	–	-1.26%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-109,806	–	-1.29%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-20,350	–	-1.42%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-63,388	–	-1.45%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-64,559	–	-1.53%	–
FNDX	Exit	SCHWAB STRATEGIC TRschwab fdt us lg	$0	–	-246,394	–	-2.14%	–
AAPL	Exit	APPLE INC	$0	–	-89,981	–	-2.34%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-119,494	–	-3.13%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-326,563	–	-3.17%	–
INTF	Exit	ISHARES TRmsci intl multft	$0	–	-713,065	–	-3.89%	–
GSIE	Exit	GOLDMAN SACHS ETF TRactivebeta int	$0	–	-726,742	–	-4.59%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-421,797	–	-4.78%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-970,718	–	-5.35%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-293,773	–	-7.50%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-1,371,168	–	-9.66%	–
GSLC	Exit	GOLDMAN SACHS ETF TRactivebeta us lg	$0	–	-646,741	–	-9.88%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-934,805	–	-16.71%	–

Q3 2020

			Value		Shares		↓ Weighting
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$74,448,000	+12.7%	934,805	+4.0%	16.71%	+0.9%
GSLC	Buy	GOLDMAN SACHS ETF TRactivebeta us lg	$44,011,000	+34.1%	646,741	+23.3%	9.88%	+20.0%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$43,055,000	+14.2%	1,371,168	+8.2%	9.66%	+2.2%
PRF	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$33,428,000	-10.6%	293,773	-14.9%	7.50%	-19.9%
FNDF	Buy	SCHWAB STRATEGIC TRschwb fdt int lg	$23,851,000	+11.8%	970,718	+8.0%	5.35%	+0.1%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$21,280,000	-1.4%	421,797	-7.0%	4.78%	-11.8%
GSIE	Buy	GOLDMAN SACHS ETF TRactivebeta int	$20,458,000	+27.5%	726,742	+20.4%	4.59%	+14.1%
INTF	Sell	ISHARES TRmsci intl multft	$17,327,000	+4.9%	713,065	-1.0%	3.89%	-6.1%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$14,121,000	+10.0%	326,563	+0.7%	3.17%	-1.6%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$13,945,000	+6.1%	119,494	-5.0%	3.13%	-5.0%
AAPL	Buy	APPLE INC	$10,421,000	+27.1%	89,981	+300.2%	2.34%	+13.7%
FNDX	Buy	SCHWAB STRATEGIC TRschwab fdt us lg	$9,543,000	+72.8%	246,394	+64.3%	2.14%	+54.7%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$6,810,000	+3.8%	64,559	-1.5%	1.53%	-7.1%
VOX	Buy	VANGUARD WORLD FDS	$6,457,000	+20.5%	63,388	+10.0%	1.45%	+7.8%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$6,338,000	+50.2%	20,350	+34.4%	1.42%	+34.5%
VXUS	Sell	VANGUARD STAR FDSvg tl intl stk f	$5,729,000	+4.5%	109,806	-1.5%	1.29%	-6.5%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$5,599,000	+10.4%	38,090	-4.1%	1.26%	-1.2%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,572,000	+0.6%	67,254	+0.3%	1.25%	-9.9%
GEM	Buy	GOLDMAN SACHS ETF TRactivebeta eme	$5,372,000	+26.7%	163,821	+17.0%	1.21%	+13.5%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$4,529,000	+8.1%	58,831	-3.5%	1.02%	-3.2%
EMGF	Sell	ISHARES INCmsci emerg mkt	$4,204,000	+11.0%	95,803	-0.3%	0.94%	-0.6%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$4,122,000	+2.1%	83,603	+2.6%	0.92%	-8.6%
PRFZ	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$4,092,000	+1.0%	34,951	-3.6%	0.92%	-9.6%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$3,627,000	+2.9%	150,673	-1.1%	0.81%	-7.9%
VHT	Buy	VANGUARD WORLD FDShealth car etf	$3,604,000	+42.3%	17,666	+34.4%	0.81%	+27.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$3,116,000	+6.9%	48,605	-2.2%	0.70%	-4.4%
FNDA	Buy	SCHWAB STRATEGIC TRschwab fdt us sc	$3,056,000	+53.3%	92,452	+47.0%	0.69%	+37.2%
BSV	Buy	VANGUARD BD INDEX FDSshort trm bond	$2,929,000	+2.4%	35,274	+2.5%	0.66%	-8.4%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$2,494,000	+37.0%	42,633	+34.0%	0.56%	+22.8%
OMFL	Buy	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$2,449,000	+4.0%	79,204	+0.0%	0.55%	-6.8%
FNDB	Sell	SCHWAB STRATEGIC TRschwab fdt us bm	$2,285,000	+1.0%	59,935	-3.9%	0.51%	-9.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$2,276,000	+2.8%	6,797	-5.4%	0.51%	-7.9%
JMST	Buy	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$2,233,000	+156.4%	43,788	+156.1%	0.50%	+129.8%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$2,179,000	+61.9%	9,286	+38.0%	0.49%	+45.1%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$2,032,000	+43.9%	12,438	+31.7%	0.46%	+28.8%
MSFT	Sell	MICROSOFT CORP	$1,442,000	-0.8%	6,857	-3.9%	0.32%	-11.0%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$1,431,000	+71.6%	9,883	+54.0%	0.32%	+53.6%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$1,269,000	+4.4%	21,365	-0.8%	0.28%	-6.6%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$1,185,000	+19.0%	15,008	+18.4%	0.27%	+6.4%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$1,151,000	-2.1%	6,529	-9.0%	0.26%	-12.5%
NFLX	Sell	NETFLIX INC	$1,134,000	+7.1%	2,268	-2.6%	0.26%	-4.1%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$1,131,000	-1.0%	3,848	-27.4%	0.25%	-11.5%
IYF	Buy	ISHARES TRu.s. finls etf	$1,122,000	+4.8%	9,889	+1.7%	0.25%	-6.3%
BOND	Buy	PIMCO ETF TRactive bd etf	$1,060,000	+1.0%	9,431	+0.3%	0.24%	-9.5%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$991,000	-6.2%	24,573	+16.9%	0.22%	-16.2%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$954,000	+20.5%	9,957	+19.6%	0.21%	+7.5%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$921,000	+8.5%	14,479	-3.9%	0.21%	-2.8%
VPU	Buy	VANGUARD WORLD FDSutilities etf	$914,000	+32.7%	7,080	+27.2%	0.20%	+18.5%
ORCL	Sell	ORACLE CORP	$846,000	+2.8%	14,164	-4.8%	0.19%	-7.8%
TSLA	Buy	TESLA INC	$823,000	+9.0%	1,918	+174.4%	0.18%	-2.1%
VAW	Buy	VANGUARD WORLD FDSmaterials etf	$762,000	+36.1%	5,660	+22.0%	0.17%	+22.1%
XLRE	Sell	SELECT SECTOR SPDR TRrl est sel sec	$670,000	0.0%	19,006	-1.2%	0.15%	-10.7%
SCHE	Buy	SCHWAB STRATEGIC TRemrg mkteq etf	$589,000	+20.9%	22,019	+10.2%	0.13%	+8.2%
DIS	Sell	DISNEY WALT CO	$435,000	-4.2%	3,507	-13.9%	0.10%	-14.0%
MA	Sell	MASTERCARD INCORPORATEDcl a	$390,000	+3.4%	1,152	-9.7%	0.09%	-7.4%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$332,000	-17.6%	11,071	+4.0%	0.08%	-25.7%
TGT	Sell	TARGET CORP	$319,000	+18.6%	2,029	-9.5%	0.07%	+7.5%
PG	Sell	PROCTER AND GAMBLE CO	$311,000	+6.1%	2,241	-8.5%	0.07%	-4.1%
JPST	Sell	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$294,000	-50.0%	5,785	-50.1%	0.07%	-55.1%
TXN	Sell	TEXAS INSTRS INC	$276,000	+2.2%	1,936	-9.0%	0.06%	-8.8%
MKC	Sell	MCCORMICK & CO INC	$219,000	-4.4%	1,128	-11.6%	0.05%	-14.0%
TLTD	New	FLEXSHARES TRm star dev mkt	$205,000	–	3,667	–	0.05%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-17,400	–	-0.02%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-3,775	–	-0.05%	–
V	Exit	VISA INC	$0	–	-1,433	–	-0.07%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-6,378	–	-0.10%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-8,533	–	-0.10%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-5,905	–	-0.10%	–
BA	Exit	BOEING CO	$0	–	-2,551	–	-0.12%	–
CSCO	Exit	CISCO SYS INC	$0	–	-21,859	–	-0.26%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-33,127	–	-0.34%	–

Q2 2020

			Value		Shares		↓ Weighting
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$66,066,000	–	899,224	–	16.56%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$37,717,000	–	1,267,813	–	9.46%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$37,376,000	–	345,088	–	9.37%	–
GSLC	New	GOLDMAN SACHS ETF TRactivebeta us lg	$32,829,000	–	524,425	–	8.23%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$21,590,000	–	453,479	–	5.41%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$21,330,000	–	898,487	–	5.35%	–
INTF	New	ISHARES TRmultifactor intl	$16,510,000	–	720,311	–	4.14%	–
GSIE	New	GOLDMAN SACHS ETF TRactivebeta int	$16,046,000	–	603,442	–	4.02%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$13,138,000	–	125,731	–	3.29%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$12,842,000	–	324,220	–	3.22%	–
AAPL	New	APPLE INC	$8,202,000	–	22,485	–	2.06%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$6,558,000	–	65,534	–	1.64%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,540,000	–	67,021	–	1.39%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$5,523,000	–	149,921	–	1.38%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$5,484,000	–	111,534	–	1.38%	–
VOX	New	VANGUARD WORLD FDS	$5,359,000	–	57,601	–	1.34%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$5,071,000	–	39,708	–	1.27%	–
GEM	New	GOLDMAN SACHS ETF TRactivebeta eme	$4,240,000	–	139,991	–	1.06%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$4,219,000	–	15,137	–	1.06%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$4,190,000	–	60,996	–	1.05%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$4,051,000	–	36,264	–	1.02%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$4,036,000	–	81,459	–	1.01%	–
EMGF	New	ISHARES INCmlt fctr emg mkt	$3,787,000	–	96,136	–	0.95%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$3,525,000	–	152,316	–	0.88%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$2,915,000	–	49,708	–	0.73%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$2,859,000	–	34,402	–	0.72%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$2,532,000	–	13,142	–	0.64%	–
OMFL	New	INVESCO EXCH TRD SLF IDX FDrusl 1000 dynm	$2,355,000	–	79,187	–	0.59%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$2,262,000	–	62,394	–	0.57%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,215,000	–	7,185	–	0.56%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$1,994,000	–	62,877	–	0.50%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$1,820,000	–	31,814	–	0.46%	–
MSFT	New	MICROSOFT CORP	$1,453,000	–	7,137	–	0.36%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$1,412,000	–	9,441	–	0.35%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$1,346,000	–	6,730	–	0.34%	–
IEV	New	ISHARES TReurope etf	$1,338,000	–	33,127	–	0.34%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,215,000	–	21,528	–	0.30%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,176,000	–	7,178	–	0.30%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,143,000	–	5,298	–	0.29%	–
IYF	New	ISHARES TRu.s. finls etf	$1,071,000	–	9,721	–	0.27%	–
NFLX	New	NETFLIX INC	$1,059,000	–	2,328	–	0.27%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$1,057,000	–	21,017	–	0.26%	–
BOND	New	PIMCO ETF TRactive bd etf	$1,050,000	–	9,406	–	0.26%	–
CSCO	New	CISCO SYS INC	$1,020,000	–	21,859	–	0.26%	–
AMZN	New	AMAZON COM INC	$999,000	–	362	–	0.25%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$996,000	–	12,679	–	0.25%	–
JMST	New	J P MORGAN EXCHANGE-TRADED Fultra sht muncpl	$871,000	–	17,097	–	0.22%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$849,000	–	15,064	–	0.21%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$834,000	–	6,416	–	0.21%	–
ORCL	New	ORACLE CORP	$823,000	–	14,884	–	0.21%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$792,000	–	8,324	–	0.20%	–
TSLA	New	TESLA INC	$755,000	–	699	–	0.19%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$689,000	–	5,567	–	0.17%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$670,000	–	19,233	–	0.17%	–
IWB	New	ISHARES TRrus 1000 etf	$650,000	–	3,784	–	0.16%	–
JPST	New	J P MORGAN EXCHANGE-TRADED Fultra shrt inc	$588,000	–	11,584	–	0.15%	–
INTC	New	INTEL CORP	$585,000	–	9,780	–	0.15%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$560,000	–	4,641	–	0.14%	–
HD	New	HOME DEPOT INC	$546,000	–	2,180	–	0.14%	–
WMT	New	WALMART INC	$544,000	–	4,542	–	0.14%	–
PYPL	New	PAYPAL HLDGS INC	$520,000	–	2,982	–	0.13%	–
GOOGL	New	ALPHABET INCcap stk cl a	$499,000	–	352	–	0.12%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$487,000	–	19,988	–	0.12%	–
BA	New	BOEING CO	$468,000	–	2,551	–	0.12%	–
DIS	New	DISNEY WALT CO	$454,000	–	4,072	–	0.11%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$408,000	–	5,905	–	0.10%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$401,000	–	8,533	–	0.10%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$403,000	–	10,645	–	0.10%	–
AMAT	New	APPLIED MATLS INC	$386,000	–	6,378	–	0.10%	–
MA	New	MASTERCARD INCORPORATEDcl a	$377,000	–	1,276	–	0.10%	–
DSI	New	ISHARES TRmsci kld400 soc	$375,000	–	3,174	–	0.09%	–
JPM	New	JPMORGAN CHASE & CO	$350,000	–	3,722	–	0.09%	–
GOOG	New	ALPHABET INCcap stk cl c	$331,000	–	234	–	0.08%	–
IVV	New	ISHARES TRcore s&p500 etf	$316,000	–	1,020	–	0.08%	–
PG	New	PROCTER AND GAMBLE CO	$293,000	–	2,449	–	0.07%	–
MRK	New	MERCK & CO. INC	$291,000	–	3,762	–	0.07%	–
V	New	VISA INC	$277,000	–	1,433	–	0.07%	–
FB	New	FACEBOOK INCcl a	$270,000	–	1,190	–	0.07%	–
TXN	New	TEXAS INSTRS INC	$270,000	–	2,128	–	0.07%	–
TGT	New	TARGET CORP	$269,000	–	2,243	–	0.07%	–
AMGN	New	AMGEN INC	$237,000	–	1,005	–	0.06%	–
MKC	New	MCCORMICK & CO INC	$229,000	–	1,276	–	0.06%	–
PEP	New	PEPSICO INC	$217,000	–	1,637	–	0.05%	–
EWJ	New	ISHARES INCmsci jpn etf new	$207,000	–	3,775	–	0.05%	–
EVFM	New	EVOFEM BIOSCIENCES INC	$142,000	–	50,000	–	0.04%	–
FLDM	New	FLUIDIGM CORP DEL	$70,000	–	17,400	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
	Exit	LIBERTY MEDIA CORPdeb 4.000%11/1	$0	–	-50,000	–	-0.01%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-798	–	-0.06%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,020	–	-0.09%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-5,883	–	-0.11%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-4,670	–	-0.12%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-8,428	–	-0.12%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-3,909	–	-0.12%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-3,618	–	-0.13%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-3,998	–	-0.16%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-26,629	–	-0.19%	–
AAPL	Exit	APPLE INC	$0	–	-3,032	–	-0.19%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-7,986	–	-0.21%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-35,974	–	-0.28%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-32,248	–	-0.29%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-12,023	–	-0.30%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-28,992	–	-0.31%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-8,224	–	-0.34%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-30,774	–	-0.35%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-21,426	–	-0.36%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-11,773	–	-0.37%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-32,730	–	-0.41%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-18,528	–	-0.41%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-9,589	–	-0.43%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-11,947	–	-0.44%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-23,908	–	-0.44%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-10,288	–	-0.53%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-26,271	–	-0.53%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,293	–	-0.54%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-33,301	–	-0.56%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-30,761	–	-0.62%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-15,197	–	-0.73%	–
SHM	Exit	SPDR SERIES TRUSTnuveen blmbrg sr	$0	–	-57,713	–	-0.81%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-35,309	–	-0.82%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-88,068	–	-0.99%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-58,094	–	-1.02%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-48,097	–	-1.12%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-18,538	–	-1.14%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-81,906	–	-1.16%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-68,852	–	-1.53%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-197,677	–	-1.58%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-46,867	–	-1.70%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-38,860	–	-1.87%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-58,184	–	-2.01%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-77,979	–	-2.01%	–
GEM	Exit	GOLDMAN SACHS ETF TRactivebeta eme	$0	–	-252,313	–	-2.27%	–
FNDX	Exit	SCHWAB STRATEGIC TRschwab fdt us lg	$0	–	-277,530	–	-3.14%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-182,409	–	-4.21%	–
GSLC	Exit	GOLDMAN SACHS ETF TRequity etf	$0	–	-246,650	–	-4.23%	–
VXUS	Exit	VANGUARD STAR FDvg tl intl stk f	$0	–	-323,306	–	-4.78%	–
GSIE	Exit	GOLDMAN SACHS ETF TRactivebeta int	$0	–	-999,697	–	-8.10%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-204,948	–	-9.66%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-1,163,094	–	-16.62%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-575,673	–	-19.44%	–

Q3 2019

			Value		Shares		↓ Weighting
PRF	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$67,849,000	-1.6%	575,673	-2.6%	19.44%	-12.5%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$58,038,000	-3.1%	1,163,094	-0.9%	16.62%	-13.8%
IWB	New	ISHARES TRrus 1000 etf	$33,722,000	–	204,948	–	9.66%	–
GSIE	New	GOLDMAN SACHS ETF TRactivebeta int	$28,281,000	–	999,697	–	8.10%	–
VXUS	Sell	VANGUARD STAR FDvg tl intl stk f	$16,702,000	-2.3%	323,306	-0.2%	4.78%	-13.1%
GSLC	Sell	GOLDMAN SACHS ETF TRequity etf	$14,772,000	0.0%	246,650	-1.9%	4.23%	-11.1%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$14,689,000	-1.8%	182,409	-4.8%	4.21%	-12.6%
FNDX	Sell	SCHWAB STRATEGIC TRschwab fdt us lg	$10,976,000	+0.5%	277,530	-0.6%	3.14%	-10.6%
GEM	New	GOLDMAN SACHS ETF TRactivebeta eme	$7,913,000	–	252,313	–	2.27%	–
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$7,028,000	-4.1%	77,979	-1.4%	2.01%	-14.7%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$7,023,000	-4.0%	58,184	-5.1%	2.01%	-14.5%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$6,513,000	-2.1%	38,860	-2.4%	1.87%	-12.9%
PRFZ	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$5,948,000	-2.6%	46,867	-2.0%	1.70%	-13.3%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$5,535,000	-2.9%	197,677	-4.2%	1.58%	-13.6%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$5,345,000	-1.1%	68,852	-1.3%	1.53%	-12.0%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$4,032,000	+2.5%	81,906	+2.2%	1.16%	-8.8%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$3,996,000	-1.9%	18,538	-4.0%	1.14%	-12.7%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$3,898,000	-3.6%	48,097	-4.1%	1.12%	-14.2%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$3,568,000	+2.7%	58,094	-2.9%	1.02%	-8.7%
FNDB	Sell	SCHWAB STRATEGIC TRschwab fdt us bm	$3,446,000	+0.1%	88,068	-1.0%	0.99%	-10.9%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$2,853,000	-1.0%	35,309	-1.3%	0.82%	-12.0%
VHT	Sell	VANGUARD WORLD FDShealth car etf	$2,548,000	-5.8%	15,197	-2.3%	0.73%	-16.2%
VFH	Sell	VANGUARD WORLD FDSfinancials etf	$2,153,000	-0.2%	30,761	-1.6%	0.62%	-11.2%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$1,971,000	-5.1%	33,301	+2.1%	0.56%	-15.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,868,000	-1.2%	6,293	-2.4%	0.54%	-12.2%
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$1,866,000	-0.8%	26,271	-1.5%	0.53%	-11.9%
VCR	Sell	VANGUARD WORLD FDSconsum dis etf	$1,853,000	-1.9%	10,288	-2.2%	0.53%	-12.7%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$1,548,000	+4.2%	23,908	-4.0%	0.44%	-7.3%
IYF	Sell	ISHARES TRu.s. finls etf	$1,538,000	-2.1%	11,947	-4.5%	0.44%	-12.8%
VDC	Sell	VANGUARD WORLD FDSconsum stp etf	$1,501,000	-1.0%	9,589	-5.9%	0.43%	-11.9%
VDE	Sell	VANGUARD WORLD FDSenergy etf	$1,446,000	-10.2%	18,528	-2.2%	0.41%	-20.1%
BOND	Sell	PIMCO ETF TRactive bd etf	$1,282,000	+0.7%	11,773	-0.6%	0.37%	-10.5%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$1,247,000	-1.9%	21,426	-1.4%	0.36%	-12.7%
XLRE	Sell	SELECT SECTOR SPDR TRrl est sel sec	$1,211,000	+1.4%	30,774	-5.3%	0.35%	-9.6%
VIS	Sell	VANGUARD WORLD FDSindustrial etf	$1,201,000	-8.0%	8,224	-8.2%	0.34%	-18.3%
FNDA	Buy	SCHWAB STRATEGIC TRschwab fdt us sc	$1,095,000	+3.6%	28,992	+3.3%	0.31%	-7.6%
VOX	Sell	VANGUARD WORLD FDS	$1,042,000	-7.8%	12,023	-7.8%	0.30%	-18.1%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$1,027,000	-0.6%	32,248	+0.2%	0.29%	-11.7%
FNDF	Sell	SCHWAB STRATEGIC TRschwb fdt int lg	$992,000	-1.0%	35,974	-0.0%	0.28%	-12.1%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$745,000	+2.6%	7,986	-3.9%	0.21%	-9.0%
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$669,000	-4.4%	26,629	-0.2%	0.19%	-14.7%
VPU	Sell	VANGUARD WORLD FDSutilities etf	$574,000	+1.4%	3,998	-6.2%	0.16%	-9.9%
VAW	Sell	VANGUARD WORLD FDSmaterials etf	$457,000	-7.7%	3,618	-6.2%	0.13%	-17.6%
IVV	Sell	ISHARES TRcore s&p500 etf	$304,000	-21.9%	1,020	-22.7%	0.09%	-30.4%
VOO	Buy	VANGUARD INDEX FDS	$218,000	+1.9%	798	+0.5%	0.06%	-10.1%
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-7,250	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-112	–	-0.07%	–
TPYP	Exit	MANAGED PORTFOLIO SERtortoise nram pi	$0	–	-283,309	–	-2.18%	–
MLPX	Exit	GLOBAL X FDSglb x mlp enrg i	$0	–	-1,450,057	–	-6.04%	–

Q2 2019

			Value		Shares		↓ Weighting
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$68,944,000	–	591,083	–	22.20%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$59,867,000	–	1,174,097	–	19.28%	–
MLPX	New	GLOBAL X FDSglb x mlp enrg i	$18,764,000	–	1,450,057	–	6.04%	–
VXUS	New	VANGUARD STAR FDvg tl intl stk f	$17,093,000	–	324,041	–	5.50%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$14,956,000	–	191,649	–	4.82%	–
GSLC	New	GOLDMAN SACHS ETF TRequity etf	$14,772,000	–	251,350	–	4.76%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$10,924,000	–	279,320	–	3.52%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$7,328,000	–	79,097	–	2.36%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$7,312,000	–	61,340	–	2.35%	–
TPYP	New	MANAGED PORTFOLIO SERtortoise nram pi	$6,774,000	–	283,309	–	2.18%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$6,652,000	–	39,796	–	2.14%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$6,107,000	–	47,832	–	1.97%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$5,698,000	–	206,434	–	1.84%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$5,403,000	–	69,786	–	1.74%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$4,074,000	–	19,316	–	1.31%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$4,044,000	–	50,129	–	1.30%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$3,934,000	–	80,169	–	1.27%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$3,475,000	–	59,843	–	1.12%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$3,442,000	–	88,992	–	1.11%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$2,881,000	–	35,773	–	0.93%	–
SHM	New	SPDR SERIES TRUSTnuveen blmbrg sr	$2,824,000	–	57,713	–	0.91%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$2,706,000	–	15,559	–	0.87%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$2,157,000	–	31,261	–	0.70%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$2,078,000	–	32,609	–	0.67%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,890,000	–	6,449	–	0.61%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$1,888,000	–	10,523	–	0.61%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$1,881,000	–	26,663	–	0.61%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$1,610,000	–	18,942	–	0.52%	–
IYF	New	ISHARES TRu.s. finls etf	$1,571,000	–	12,506	–	0.51%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$1,516,000	–	10,191	–	0.49%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,485,000	–	24,900	–	0.48%	–
IEV	New	ISHARES TReurope etf	$1,442,000	–	32,730	–	0.46%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$1,306,000	–	8,960	–	0.42%	–
BOND	New	PIMCO ETF TRactive bd etf	$1,273,000	–	11,849	–	0.41%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,271,000	–	21,735	–	0.41%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$1,194,000	–	32,485	–	0.38%	–
VOX	New	VANGUARD WORLD FDS	$1,130,000	–	13,037	–	0.36%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$1,057,000	–	28,058	–	0.34%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$1,033,000	–	32,195	–	0.33%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$1,002,000	–	35,977	–	0.32%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$726,000	–	8,308	–	0.23%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$700,000	–	26,688	–	0.22%	–
AAPL	New	APPLE INC	$600,000	–	3,032	–	0.19%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$566,000	–	4,261	–	0.18%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$495,000	–	3,859	–	0.16%	–
DSI	New	ISHARES TRmsci kld400 soc	$427,000	–	3,909	–	0.14%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$420,000	–	4,670	–	0.14%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$410,000	–	8,428	–	0.13%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$411,000	–	5,883	–	0.13%	–
IVV	New	ISHARES TRcore s&p500 etf	$389,000	–	1,320	–	0.12%	–
VOO	New	VANGUARD INDEX FDS	$214,000	–	794	–	0.07%	–
AMZN	New	AMAZON COM INC	$212,000	–	112	–	0.07%	–
FITB	New	FIFTH THIRD BANCORP	$202,000	–	7,250	–	0.06%	–
	New	LIBERTY MEDIA CORPdeb 4.000%11/1	$32,000	–	50,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	LIBERTY MEDIA CORPdeb 4.000%11/1	$0	–	-50,000	–	-0.01%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-760	–	-0.07%	–
RLY	Exit	SSGA ACTIVE ETF TRmult ass rlrtn	$0	–	-11,585	–	-0.10%	–
CMBS	Exit	ISHARES TRcmbs etf	$0	–	-6,451	–	-0.11%	–
PPBI	Exit	PACIFIC PREMIER BANCORP	$0	–	-10,012	–	-0.12%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-5,883	–	-0.14%	–
AAPL	Exit	APPLE INC	$0	–	-1,960	–	-0.15%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-3,371	–	-0.15%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-4,239	–	-0.15%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-8,428	–	-0.16%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-7,491	–	-0.20%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,080	–	-0.20%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-5,314	–	-0.21%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-28,673	–	-0.24%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-19,456	–	-0.26%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-11,087	–	-0.38%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-39,021	–	-0.39%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-35,765	–	-0.40%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,272	–	-0.41%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-39,815	–	-0.43%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-9,322	–	-0.46%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-32,730	–	-0.49%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-25,740	–	-0.49%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-12,520	–	-0.50%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-31,542	–	-0.55%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-9,458	–	-0.56%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-12,596	–	-0.58%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-27,458	–	-0.63%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-30,462	–	-0.71%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-12,190	–	-0.73%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-31,233	–	-0.78%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-25,000	–	-0.87%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-16,748	–	-1.12%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-86,813	–	-1.55%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-61,341	–	-1.58%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sr	$0	–	-102,851	–	-1.62%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-115,575	–	-1.80%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-199,913	–	-1.82%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-72,292	–	-1.86%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-73,423	–	-1.90%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-43,463	–	-2.36%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-51,549	–	-2.42%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-65,385	–	-2.53%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-92,461	–	-2.90%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-262,128	–	-3.42%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-194,512	–	-4.84%	–
GSLC	Exit	GOLDMAN SACHS ETF TRequity etf	$0	–	-260,160	–	-5.04%	–
MLPX	Exit	GLOBAL X FDSglb x mlp enrg i	$0	–	-1,285,479	–	-5.67%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-1,303,682	–	-22.40%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-601,093	–	-23.57%	–

Q3 2018

			Value		Shares		↓ Weighting
PRF	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$71,392,000	+3.3%	601,093	-2.0%	23.57%	-1.6%
VEU	Buy	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$67,857,000	+7.4%	1,303,682	+7.0%	22.40%	+2.3%
MLPX	Buy	GLOBAL X FDSglb x mlp enrg i	$17,174,000	+10.7%	1,285,479	+10.3%	5.67%	+5.4%
GSLC	Sell	GOLDMAN SACHS ETF TRequity etf	$15,284,000	+5.7%	260,160	-1.5%	5.04%	+0.7%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$14,653,000	+3.7%	194,512	-4.4%	4.84%	-1.2%
FNDB	Buy	SCHWAB STRATEGIC TRschwab fdt us bm	$10,362,000	+53.6%	262,128	+45.2%	3.42%	+46.3%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$8,798,000	+9.5%	92,461	-3.9%	2.90%	+4.3%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$7,664,000	+2.2%	65,385	-4.7%	2.53%	-2.6%
PRFZ	Sell	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$7,333,000	+0.2%	51,549	-2.0%	2.42%	-4.5%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$7,136,000	+4.8%	43,463	+0.6%	2.36%	-0.2%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$5,756,000	+6.2%	73,423	-3.0%	1.90%	+1.2%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,650,000	-2.1%	72,292	-2.2%	1.86%	-6.8%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$5,514,000	-1.2%	199,913	-4.8%	1.82%	-5.9%
TOTL	Buy	SSGA ACTIVE ETF TRspdr tr tactic	$5,461,000	+70.3%	115,575	+71.3%	1.80%	+62.3%
SHM	Sell	SPDR SER TRnuveen blmbrg sr	$4,905,000	-33.5%	102,851	-33.1%	1.62%	-36.7%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$4,786,000	-5.9%	61,341	-5.7%	1.58%	-10.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$4,682,000	-1.6%	86,813	-5.9%	1.55%	-6.2%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$3,393,000	+36.7%	16,748	+22.4%	1.12%	+30.2%
VDE	Sell	VANGUARD WORLD FDSenergy etf	$2,628,000	-0.6%	25,000	-0.7%	0.87%	-5.2%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$2,366,000	-3.9%	31,233	-3.6%	0.78%	-8.4%
VHT	Buy	VANGUARD WORLD FDShealth car etf	$2,199,000	+20.1%	12,190	+6.0%	0.73%	+14.3%
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$2,144,000	+0.3%	30,462	-5.9%	0.71%	-4.5%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$1,905,000	+20.3%	27,458	+17.0%	0.63%	+14.6%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$1,765,000	+19.6%	12,596	+14.6%	0.58%	+14.1%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$1,707,000	+13.4%	9,458	+6.6%	0.56%	+8.0%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$1,661,000	-1.4%	31,542	-2.7%	0.55%	-6.2%
IYF	Sell	ISHARES TRu.s. finls etf	$1,521,000	+2.7%	12,520	-0.9%	0.50%	-2.1%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$1,491,000	-4.2%	25,740	-3.9%	0.49%	-8.7%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$1,377,000	+22.3%	9,322	+12.5%	0.46%	+16.7%
XLRE	Sell	SELECT SECTOR SPDR TRrl est sel sec	$1,298,000	-3.4%	39,815	-3.1%	0.43%	-8.2%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,242,000	+7.4%	4,272	+0.2%	0.41%	+2.2%
SCHF	Sell	SCHWAB STRATEGIC TRintl eqty etf	$1,199,000	-0.5%	35,765	-1.9%	0.40%	-5.3%
FNDF	Sell	SCHWAB STRATEGIC TRschwb fdt int lg	$1,169,000	-0.8%	39,021	-2.2%	0.39%	-5.6%
BOND	Buy	PIMCO ETF TRactive bd etf	$1,135,000	-0.4%	11,087	+0.3%	0.38%	-5.1%
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$792,000	–	19,456	–	0.26%	–
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$737,000	-2.4%	28,673	-1.7%	0.24%	-7.3%
VPU	Buy	VANGUARD WORLD FDSutilities etf	$626,000	+13.6%	5,314	+11.9%	0.21%	+8.4%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$604,000	+17.3%	7,491	+18.4%	0.20%	+11.8%
DSI	Sell	ISHARES TRmsci kld400 soc	$453,000	-1.7%	4,239	-7.1%	0.15%	-6.2%
VAW	Buy	VANGUARD WORLD FDSmaterials etf	$442,000	+18.8%	3,371	+19.3%	0.15%	+13.2%
AAPL	Buy	APPLE INC	$443,000	+22.4%	1,960	+0.2%	0.15%	+16.8%
VOO	New	VANGUARD INDEX FDS	$203,000	–	760	–	0.07%	–
SCHZ	Exit	SCHWAB STRATEGIC TRus aggregate b	$0	–	-71,768	–	-1.26%	–

Q2 2018

			Value		Shares		↓ Weighting
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$69,085,000	–	613,547	–	23.94%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$63,179,000	–	1,218,728	–	21.89%	–
MLPX	New	GLOBAL X FDSglb x mlp enrg i	$15,517,000	–	1,164,949	–	5.38%	–
GSLC	New	GOLDMAN SACHS ETF TRequity etf	$14,454,000	–	263,994	–	5.01%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$14,128,000	–	203,374	–	4.90%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$8,032,000	–	96,240	–	2.78%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$7,496,000	–	68,585	–	2.60%	–
SHM	New	SPDR SER TRnuveen blmbrg sr	$7,379,000	–	153,756	–	2.56%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$7,318,000	–	52,585	–	2.54%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$6,812,000	–	43,214	–	2.36%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$6,747,000	–	180,482	–	2.34%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,770,000	–	73,881	–	2.00%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$5,583,000	–	209,984	–	1.94%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$5,420,000	–	75,671	–	1.88%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$5,086,000	–	65,035	–	1.76%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$4,756,000	–	92,297	–	1.65%	–
SCHZ	New	SCHWAB STRATEGIC TRus aggregate b	$3,634,000	–	71,768	–	1.26%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$3,207,000	–	67,455	–	1.11%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$2,644,000	–	25,164	–	0.92%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$2,482,000	–	13,682	–	0.86%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$2,462,000	–	32,416	–	0.85%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$2,137,000	–	32,386	–	0.74%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$1,831,000	–	11,503	–	0.64%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,685,000	–	32,424	–	0.58%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$1,583,000	–	23,475	–	0.55%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,556,000	–	26,796	–	0.54%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$1,505,000	–	8,873	–	0.52%	–
IYF	New	ISHARES TRu.s. finls etf	$1,481,000	–	12,638	–	0.51%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$1,476,000	–	10,993	–	0.51%	–
IEV	New	ISHARES TReurope etf	$1,463,000	–	32,730	–	0.51%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$1,344,000	–	41,103	–	0.47%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$1,205,000	–	36,452	–	0.42%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$1,179,000	–	39,900	–	0.41%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,156,000	–	4,262	–	0.40%	–
BOND	New	PIMCO ETF TRactive bd etf	$1,139,000	–	11,049	–	0.40%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$1,126,000	–	8,288	–	0.39%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$755,000	–	29,155	–	0.26%	–
IVV	New	ISHARES TRcore s&p500 etf	$568,000	–	2,080	–	0.20%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$551,000	–	4,749	–	0.19%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$515,000	–	6,327	–	0.18%	–
DSI	New	ISHARES TRmsci kld400 soc	$461,000	–	4,563	–	0.16%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$455,000	–	8,428	–	0.16%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$422,000	–	5,883	–	0.15%	–
PPBI	New	PACIFIC PREMIER BANCORP	$382,000	–	10,012	–	0.13%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$372,000	–	2,826	–	0.13%	–
AAPL	New	APPLE INC	$362,000	–	1,956	–	0.12%	–
CMBS	New	ISHARES TRcmbs etf	$323,000	–	6,451	–	0.11%	–
RLY	New	SSGA ACTIVE ETF TRmult ass rlrtn	$309,000	–	11,585	–	0.11%	–
	New	LIBERTY MEDIA CORPdeb 4.000%11/1	$32,000	–	50,000	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	LIBERTY MEDIA CORPdeb 4.000%11/1	$0	–	-50,000	–	-0.01%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,020	–	-0.10%	–
VPU	Exit	VANGUARD WORLD FDSutilities etf	$0	–	-2,523	–	-0.11%	–
AAPL	Exit	APPLE INC	$0	–	-1,986	–	-0.11%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-3,747	–	-0.12%	–
CMBS	Exit	ISHARES TRcmbs etf	$0	–	-6,451	–	-0.12%	–
PPBI	Exit	PACIFIC PREMIER BANCORP	$0	–	-9,133	–	-0.13%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-5,883	–	-0.16%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-3,387	–	-0.17%	–
DSI	Exit	ISHARES TRmsci kld400 soc	$0	–	-5,267	–	-0.18%	–
RLY	Exit	SSGA ACTIVE ETF TRmult ass rlrtn	$0	–	-19,511	–	-0.18%	–
VCR	Exit	VANGUARD WORLD FDSconsum dis etf	$0	–	-3,638	–	-0.19%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-9,507	–	-0.19%	–
VFH	Exit	VANGUARD WORLD FDSfinancials etf	$0	–	-10,076	–	-0.25%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-4,871	–	-0.25%	–
BOND	Exit	PIMCO ETF TRactive bd etf	$0	–	-6,780	–	-0.27%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-5,251	–	-0.30%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-31,359	–	-0.32%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,088	–	-0.38%	–
BIV	Exit	VANGUARD BD INDEX FD INCintermed term	$0	–	-12,373	–	-0.39%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-7,141	–	-0.40%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDSshtrm gvt bd etf	$0	–	-18,079	–	-0.41%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sr	$0	–	-24,265	–	-0.44%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-41,587	–	-0.46%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-37,865	–	-0.47%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-14,156	–	-0.49%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-42,459	–	-0.51%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-132,273	–	-0.55%	–
IEV	Exit	ISHARES TReurope etf	$0	–	-32,730	–	-0.57%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-14,648	–	-0.61%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-29,933	–	-0.63%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-32,828	–	-0.65%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-38,932	–	-0.72%	–
FNDB	Exit	SCHWAB STRATEGIC TRschwab fdt us bm	$0	–	-58,647	–	-0.77%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-34,746	–	-0.79%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-44,073	–	-1.13%	–
SCHZ	Exit	SCHWAB STRATEGIC TRus aggregate b	$0	–	-72,597	–	-1.42%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-97,676	–	-1.97%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-72,535	–	-2.16%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-230,579	–	-2.22%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-86,812	–	-2.30%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-43,505	–	-2.38%	–
PRFZ	Exit	POWERSHARES ETF TRUSTftse us1500 sm	$0	–	-52,282	–	-2.44%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-79,901	–	-2.68%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-104,597	–	-3.19%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-119,912	–	-3.58%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-239,745	–	-5.28%	–
GSLC	Exit	GOLDMAN SACHS ETF TRequity etf	$0	–	-319,311	–	-5.95%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-635,158	–	-25.38%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-1,295,862	–	-25.48%	–

Q3 2017

			Value		Shares		↓ Weighting
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$68,305,000	+2.1%	1,295,862	-3.1%	25.48%	+0.7%
PRF	Sell	POWERSHARES ETF TRUSTftse rafi 1000	$68,057,000	+2.2%	635,158	-1.4%	25.38%	+0.8%
GSLC	Sell	GOLDMAN SACHS ETF TRequity etf	$15,940,000	-3.4%	319,311	-6.9%	5.95%	-4.7%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$14,169,000	+3.3%	239,745	-4.4%	5.28%	+1.9%
VCSH	Sell	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$9,609,000	-16.3%	119,912	-16.4%	3.58%	-17.4%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$8,549,000	-1.0%	104,597	-4.0%	3.19%	-2.3%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$7,198,000	-2.6%	79,901	-3.0%	2.68%	-3.9%
PRFZ	Buy	POWERSHARES ETF TRUSTftse us1500 sm	$6,554,000	+7.2%	52,282	+1.2%	2.44%	+5.8%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$6,395,000	+2.9%	43,505	-0.3%	2.38%	+1.4%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$6,164,000	0.0%	86,812	-4.1%	2.30%	-1.4%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$5,963,000	+2.5%	230,579	-2.3%	2.22%	+1.0%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$5,790,000	-0.8%	72,535	-0.8%	2.16%	-2.2%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$5,273,000	-4.0%	97,676	-2.3%	1.97%	-5.3%
SCHZ	Buy	SCHWAB STRATEGIC TRus aggregate b	$3,801,000	+4.4%	72,597	+4.2%	1.42%	+3.0%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$3,018,000	-0.8%	44,073	-6.0%	1.13%	-2.2%
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$2,116,000	+2.8%	34,746	-1.3%	0.79%	+1.3%
FNDB	Buy	SCHWAB STRATEGIC TRschwab fdt us bm	$2,056,000	+4.8%	58,647	+0.8%	0.77%	+3.4%
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$1,918,000	–	38,932	–	0.72%	–
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$1,742,000	-1.4%	32,828	-3.4%	0.65%	-2.7%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$1,700,000	+1.4%	29,933	-4.0%	0.63%	0.0%
IYF	Buy	ISHARES TRu.s. finls etf	$1,642,000	+6.2%	14,648	+1.9%	0.61%	+4.6%
AMLP	Sell	ALPS ETF TRalerian mlp	$1,484,000	-17.0%	132,273	-11.5%	0.55%	-18.0%
XLRE	Sell	SELECT SECTOR SPDR TRrl est sel sec	$1,369,000	-1.2%	42,459	-1.4%	0.51%	-2.5%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$1,325,000	+37.4%	14,156	+30.0%	0.49%	+35.3%
SCHF	Sell	SCHWAB STRATEGIC TRintl eqty etf	$1,267,000	+3.9%	37,865	-1.3%	0.47%	+2.6%
FNDF	Sell	SCHWAB STRATEGIC TRschwb fdt int lg	$1,242,000	+5.9%	41,587	-0.7%	0.46%	+4.3%
SHM	Buy	SPDR SER TRnuveen blmbrg sr	$1,179,000	+0.3%	24,265	+0.2%	0.44%	-0.9%
VGSH	Buy	VANGUARD SCOTTSDALE FDSshtrm gvt bd etf	$1,098,000	+0.2%	18,079	+0.2%	0.41%	-1.0%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$1,085,000	+75.0%	7,141	+62.2%	0.40%	+73.1%
BIV	Buy	VANGUARD BD INDEX FD INCintermed term	$1,047,000	+0.7%	12,373	+0.5%	0.39%	-0.5%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,027,000	+4.9%	4,088	+1.0%	0.38%	+3.5%
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$844,000	+6.8%	31,359	-1.4%	0.32%	+5.4%
VHT	Buy	VANGUARD WORLD FDShealth car etf	$800,000	+56.2%	5,251	+51.2%	0.30%	+53.6%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$675,000	+49.7%	4,871	+52.3%	0.25%	+47.4%
VFH	Buy	VANGUARD WORLD FDSfinancials etf	$659,000	+87.7%	10,076	+79.5%	0.25%	+85.0%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$520,000	+18.7%	9,507	+12.8%	0.19%	+16.9%
VCR	Buy	VANGUARD WORLD FDSconsum dis etf	$521,000	+78.4%	3,638	+77.2%	0.19%	+76.4%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$455,000	+80.6%	3,387	+72.9%	0.17%	+78.9%
PPBI	New	PACIFIC PREMIER BANCORP	$345,000	–	9,133	–	0.13%	–
VNQ	Buy	VANGUARD INDEX FDSreit etf	$311,000	+23.4%	3,747	+23.9%	0.12%	+22.1%
AAPL	Buy	APPLE INC	$306,000	+16.3%	1,986	+8.8%	0.11%	+15.2%
VPU	Buy	VANGUARD WORLD FDSutilities etf	$295,000	+39.8%	2,523	+36.6%	0.11%	+37.5%
DLN	Exit	WISDOMTREE TRus largecap divd	$0	–	-2,388	–	-0.08%	–
INTC	Exit	INTEL CORP	$0	–	-25,000	–	-0.32%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-63,372	–	-0.55%	–

Q2 2017

			Value		Shares		↓ Weighting
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$66,923,000	–	1,337,651	–	25.31%	–
PRF	New	POWERSHARES ETF TRUSTftse rafi 1000	$66,572,000	–	644,014	–	25.18%	–
GSLC	New	GOLDMAN SACHS ETF TRequity etf	$16,495,000	–	342,870	–	6.24%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$13,718,000	–	250,694	–	5.19%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$11,475,000	–	143,361	–	4.34%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$8,632,000	–	108,936	–	3.26%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$7,387,000	–	82,414	–	2.79%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$6,216,000	–	43,615	–	2.35%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$6,164,000	–	90,495	–	2.33%	–
PRFZ	New	POWERSHARES ETF TRUSTftse us1500 sm	$6,113,000	–	51,665	–	2.31%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$5,839,000	–	73,120	–	2.21%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$5,820,000	–	235,929	–	2.20%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$5,491,000	–	99,938	–	2.08%	–
SCHZ	New	SCHWAB STRATEGIC TRus aggregate b	$3,641,000	–	69,689	–	1.38%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$3,043,000	–	46,879	–	1.15%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$2,059,000	–	35,220	–	0.78%	–
FNDB	New	SCHWAB STRATEGIC TRschwab fdt us bm	$1,961,000	–	58,154	–	0.74%	–
AMLP	New	ALPS ETF TRalerian mlp	$1,788,000	–	149,459	–	0.68%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$1,766,000	–	33,985	–	0.67%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,677,000	–	31,168	–	0.63%	–
IYF	New	ISHARES TRu.s. finls etf	$1,546,000	–	14,376	–	0.58%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$1,466,000	–	63,372	–	0.55%	–
IEV	New	ISHARES TReurope etf	$1,451,000	–	32,730	–	0.55%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$1,386,000	–	43,057	–	0.52%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$1,220,000	–	38,380	–	0.46%	–
SHM	New	SPDR SER TRnuveen blmbrg sr	$1,175,000	–	24,222	–	0.44%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$1,173,000	–	41,870	–	0.44%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshtrm gvt bd etf	$1,096,000	–	18,044	–	0.41%	–
BIV	New	VANGUARD BD INDEX FD INCintermed term	$1,040,000	–	12,307	–	0.39%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$979,000	–	4,047	–	0.37%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$964,000	–	10,892	–	0.36%	–
INTC	New	INTEL CORP	$844,000	–	25,000	–	0.32%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$790,000	–	31,801	–	0.30%	–
BOND	New	PIMCO ETF TRactive bd etf	$719,000	–	6,780	–	0.27%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$620,000	–	4,403	–	0.23%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$512,000	–	3,472	–	0.19%	–
DSI	New	ISHARES TRmsci kld400 soc	$470,000	–	5,267	–	0.18%	–
RLY	New	SSGA ACTIVE ETF TRmult ass rlrtn	$468,000	–	19,511	–	0.18%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$451,000	–	3,198	–	0.17%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$438,000	–	8,428	–	0.17%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$397,000	–	5,883	–	0.15%	–
VFH	New	VANGUARD WORLD FDSfinancials etf	$351,000	–	5,612	–	0.13%	–
CMBS	New	ISHARES TRcmbs etf	$332,000	–	6,451	–	0.13%	–
VCR	New	VANGUARD WORLD FDSconsum dis etf	$292,000	–	2,053	–	0.11%	–
AAPL	New	APPLE INC	$263,000	–	1,826	–	0.10%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$252,000	–	3,023	–	0.10%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$252,000	–	1,959	–	0.10%	–
IVV	New	ISHARES TRcore s&p500 etf	$248,000	–	1,020	–	0.09%	–
VPU	New	VANGUARD WORLD FDSutilities etf	$211,000	–	1,847	–	0.08%	–
DLN	New	WISDOMTREE TRus largecap divd	$201,000	–	2,388	–	0.08%	–
	New	LIBERTY MEDIA CORPdeb 4.000%11/1	$31,000	–	50,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
ZSAN	Exit	Zosano Pharma Corp	$0	–	-16,920	–	-0.01%	–
DLN	Exit	Wisdomtree Largecap Div	$0	–	-2,705	–	-0.09%	–
IVV	Exit	Ishares TRUST S&P	$0	–	-1,020	–	-0.09%	–
IWB	Exit	Ishares Tr Russell	$0	–	-2,090	–	-0.10%	–
VWO	Exit	Vanguard Emerging Market	$0	–	-6,832	–	-0.11%	–
EWC	Exit	Ishares Msci Cda Idx Fd	$0	–	-10,458	–	-0.11%	–
ALR	Exit	Alere Inc	$0	–	-7,100	–	-0.13%	–
DXJ	Exit	Wisdomtree Japan Tot Div	$0	–	-8,428	–	-0.15%	–
EBND	Exit	Spdr Barclays Etf	$0	–	-13,503	–	-0.16%	–
CMBS	Exit	Ishares Etf	$0	–	-7,910	–	-0.17%	–
AAXJ	Exit	Ishares Msci All Country	$0	–	-7,331	–	-0.18%	–
DSI	Exit	Ishares TRUST Msci	$0	–	-5,768	–	-0.19%	–
MLPX	Exit	Global X MLP & Energy Infrastr	$0	–	-32,503	–	-0.20%	–
RLY	Exit	Spdr Ssga Exch Traded Fd	$0	–	-20,130	–	-0.20%	–
EWJ	Exit	Ishares Msci Jpn Idx Fd	$0	–	-44,097	–	-0.23%	–
VGK	Exit	Vanguard European	$0	–	-11,884	–	-0.24%	–
VDE	Exit	Vanguard Energy	$0	–	-6,198	–	-0.25%	–
SCHE	Exit	Schwab Emerging Markets	$0	–	-30,369	–	-0.29%	–
FNDF	Exit	Sch Fnd Intl Lg Etf	$0	–	-37,966	–	-0.39%	–
SCHF	Exit	Schw Intl Eq Etf	$0	–	-37,630	–	-0.45%	–
AMLP	Exit	Alps TRUST Etf	$0	–	-92,495	–	-0.48%	–
SPY	Exit	S P D R TRUST Unit SR	$0	–	-5,860	–	-0.52%	–
IYF	Exit	Ishares Tr Dj US Finl	$0	–	-17,546	–	-0.65%	–
XLU	Exit	Sector Spdr Util Select	$0	–	-32,366	–	-0.65%	–
FNDB	Exit	Sch Fnd US Mkt Etf	$0	–	-52,196	–	-0.67%	–
XLB	Exit	Sector Spdr Materials Fd	$0	–	-35,329	–	-0.70%	–
IEV	Exit	Ishares S&P Euro 350 Idx	$0	–	-44,996	–	-0.73%	–
SCHB	Exit	Schw US Brd Mkt Etf	$0	–	-35,729	–	-0.77%	–
XLE	Exit	Sector Spdr Engy Select	$0	–	-54,805	–	-1.59%	–
SCHZ	Exit	Sch US Agg Bnd Etf	$0	–	-80,009	–	-1.77%	–
XLP	Exit	Sector Spdr Tr Con Stpls	$0	–	-98,929	–	-2.17%	–
XLI	Exit	Sector Spdr Indl Select	$0	–	-96,666	–	-2.32%	–
VO	Exit	Vanguard Mid Cap	$0	–	-44,588	–	-2.38%	–
PRFZ	Exit	Powershs ETF Small - Mid	$0	–	-54,898	–	-2.38%	–
XLF	Exit	Sector Spdr Fincl Select	$0	–	-302,594	–	-2.40%	–
BND	Exit	Vanguard Bond Index Fund	$0	–	-73,435	–	-2.54%	–
XLY	Exit	Sector Spdr Consumer Fd	$0	–	-86,279	–	-2.84%	–
XLV	Exit	Sector Spdr Health Fund	$0	–	-111,062	–	-3.30%	–
VCSH	Exit	Vanguard Corp Bond Etf	$0	–	-130,057	–	-4.31%	–
XLK	Exit	Sector Spdr Tech Select	$0	–	-266,834	–	-5.25%	–
GSLC	Exit	Goldman Sachs Actvbeta	$0	–	-337,468	–	-6.06%	–
NK	Exit	Nantkwest Inc	$0	–	-3,406,405	–	-10.91%	–
VEU	Exit	Vanguard Intl Eqty Index	$0	–	-1,038,328	–	-19.42%	–
PRF	Exit	Powershs Exch Trad Fd Tr	$0	–	-556,243	–	-21.44%	–

Q3 2016

			Value		Shares		↓ Weighting
PRF	Sell	Powershs Exch Trad Fd Tr	$52,064,000	+2.0%	556,243	-1.4%	21.44%	+2.9%
VEU	Buy	Vanguard Intl Eqty Index	$47,171,000	+7.6%	1,038,328	+1.5%	19.42%	+8.6%
NK	Sell	Nantkwest Inc	$26,502,000	+13.2%	3,406,405	-9.5%	10.91%	+14.2%
GSLC	Buy	Goldman Sachs Actvbeta	$14,703,000	+6.8%	337,468	+4.0%	6.06%	+7.7%
XLK	Sell	Sector Spdr Tech Select	$12,749,000	+8.6%	266,834	-1.4%	5.25%	+9.5%
VCSH	Buy	Vanguard Corp Bond Etf	$10,474,000	+1.3%	130,057	+1.7%	4.31%	+2.2%
XLV	Sell	Sector Spdr Health Fund	$8,009,000	-1.1%	111,062	-1.7%	3.30%	-0.2%
XLY	Sell	Sector Spdr Consumer Fd	$6,906,000	+1.5%	86,279	-1.0%	2.84%	+2.3%
BND	Sell	Vanguard Bond Index Fund	$6,176,000	-3.7%	73,435	-3.5%	2.54%	-2.9%
XLF	Buy	Sector Spdr Fincl Select	$5,840,000	-15.0%	302,594	+0.7%	2.40%	-14.3%
PRFZ	Sell	Powershs ETF Small - Mid	$5,786,000	+7.7%	54,898	-0.5%	2.38%	+8.7%
VO	Sell	Vanguard Mid Cap	$5,772,000	+3.9%	44,588	-0.8%	2.38%	+4.8%
XLI	Sell	Sector Spdr Indl Select	$5,643,000	+3.7%	96,666	-0.5%	2.32%	+4.5%
XLP	Sell	Sector Spdr Tr Con Stpls	$5,264,000	-5.2%	98,929	-1.8%	2.17%	-4.4%
SCHZ	Buy	Sch US Agg Bnd Etf	$4,294,000	+4.7%	80,009	+4.8%	1.77%	+5.6%
XLE	Sell	Sector Spdr Engy Select	$3,870,000	+2.6%	54,805	-0.8%	1.59%	+3.5%
SCHB	Sell	Schw US Brd Mkt Etf	$1,869,000	+2.7%	35,729	-1.2%	0.77%	+3.6%
IEV	Sell	Ishares S&P Euro 350 Idx	$1,772,000	+3.3%	44,996	-0.9%	0.73%	+4.1%
XLB	Sell	Sector Spdr Materials Fd	$1,687,000	+1.4%	35,329	-1.6%	0.70%	+2.4%
FNDB	Buy	Sch Fnd US Mkt Etf	$1,619,000	+20.6%	52,196	+16.7%	0.67%	+21.7%
XLU	Sell	Sector Spdr Util Select	$1,586,000	-8.6%	32,366	-2.1%	0.65%	-7.8%
IYF	Sell	Ishares Tr Dj US Finl	$1,579,000	-0.9%	17,546	-5.4%	0.65%	-0.2%
SPY	Sell	S P D R TRUST Unit SR	$1,267,000	-1.6%	5,860	-4.7%	0.52%	-0.8%
AMLP	Buy	Alps TRUST Etf	$1,172,000	+6.5%	92,495	+7.0%	0.48%	+7.6%
SCHF	Sell	Schw Intl Eq Etf	$1,083,000	-4.5%	37,630	-10.0%	0.45%	-3.7%
FNDF	Buy	Sch Fnd Intl Lg Etf	$957,000	+22.5%	37,966	+15.4%	0.39%	+23.5%
SCHE	Buy	Schwab Emerging Markets	$700,000	+9.4%	30,369	+1.0%	0.29%	+10.3%
VDE	Sell	Vanguard Energy	$605,000	+0.8%	6,198	-1.7%	0.25%	+1.6%
VGK	Sell	Vanguard European	$579,000	-56.8%	11,884	-58.7%	0.24%	-56.5%
EWJ	Sell	Ishares Msci Jpn Idx Fd	$552,000	-31.5%	44,097	-37.0%	0.23%	-31.0%
DSI	Sell	Ishares TRUST Msci	$464,000	+0.7%	5,768	-3.1%	0.19%	+1.6%
AAXJ	Sell	Ishares Msci All Country	$444,000	-0.7%	7,331	-10.3%	0.18%	+0.5%
DXJ	Sell	Wisdomtree Japan Tot Div	$362,000	-2.7%	8,428	-12.1%	0.15%	-2.0%
ALR	New	Alere Inc	$307,000	–	7,100	–	0.13%	–
EWC	Sell	Ishares Msci Cda Idx Fd	$269,000	-26.9%	10,458	-30.4%	0.11%	-26.0%
IWB	New	Ishares Tr Russell	$252,000	–	2,090	–	0.10%	–
DLN	Sell	Wisdomtree Largecap Div	$208,000	-20.0%	2,705	-21.3%	0.09%	-18.9%
ZSAN	New	Zosano Pharma Corp	$13,000	–	16,920	–	0.01%	–
	Exit	Arena Pharmaceuticals	$0	–	-12,000	–	-0.01%	–
BIOC	Exit	Biocept Inc	$0	–	-37,736	–	-0.01%	–
APRI	Exit	Apricus Biosciences Inc	$0	–	-64,356	–	-0.01%	–
	Exit	Aptose Biosciences New	$0	–	-12,000	–	-0.01%	–
CDTX	Exit	Cidara Therapeutics	$0	–	-11,850	–	-0.05%	–
BAC	Exit	Bank Of America Corp	$0	–	-10,009	–	-0.05%	–
HNGR	Exit	HANGER INC	$0	–	-20,836	–	-0.06%	–
SQNM	Exit	Sequenom Inc New	$0	–	-176,777	–	-0.07%	–
WMAR	Exit	West Marine Inc	$0	–	-20,200	–	-0.07%	–
DEPO	Exit	Depomed Inc	$0	–	-10,700	–	-0.09%	–
PPBI	Exit	Pacific Premier Bancorp	$0	–	-8,862	–	-0.09%	–
ILMN	Exit	Illumina Inc	$0	–	-1,724	–	-0.10%	–
EPP	Exit	Ishares Msci Pac Ex Japn	$0	–	-6,330	–	-0.10%	–
CTLT	Exit	Catalent Inc	$0	–	-11,700	–	-0.11%	–
TSLA	Exit	Tesla Motors Inc	$0	–	-1,310	–	-0.11%	–
CELG	Exit	Celgene Corp	$0	–	-3,100	–	-0.12%	–
MINT	Exit	Pimco Exch Traded Fund	$0	–	-3,103	–	-0.13%	–
BPI	Exit	Bridgepoint Education	$0	–	-49,036	–	-0.14%	–
AGIO	Exit	Agios Pharmaceuticals	$0	–	-10,000	–	-0.17%	–
KND	Exit	KINDRED HEALTHCARE INC.	$0	–	-39,494	–	-0.18%	–
MBFI	Exit	M B Financial Inc New	$0	–	-13,905	–	-0.21%	–
MON	Exit	Monsanto Co New Del	$0	–	-6,098	–	-0.26%	–
NBIX	Exit	Neurocrine Biosciences	$0	–	-15,000	–	-0.28%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-3,644	–	-0.36%	–
RMD	Exit	Resmed Inc	$0	–	-16,183	–	-0.42%	–
ARE	Exit	Alexandria Real Est Eqty	$0	–	-11,108	–	-0.47%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-12,740	–	-0.88%	–

Q2 2016

			Value		Shares		↓ Weighting
PRF	New	Powershs Exch Trad Fd Tr	$51,044,000	–	563,893	–	20.84%	–
VEU	New	Vanguard Intl Eqty Index	$43,820,000	–	1,022,642	–	17.89%	–
NK	New	Nantkwest Inc	$23,406,000	–	3,763,086	–	9.56%	–
GSLC	New	Goldman Sachs Actvbeta	$13,770,000	–	324,375	–	5.62%	–
XLK	New	Sector Spdr Tech Select	$11,741,000	–	270,717	–	4.79%	–
VCSH	New	Vanguard Corp Bond Etf	$10,342,000	–	127,926	–	4.22%	–
XLV	New	Sector Spdr Health Fund	$8,098,000	–	112,934	–	3.31%	–
XLF	New	Sector Spdr Fincl Select	$6,870,000	–	300,598	–	2.80%	–
XLY	New	Sector Spdr Consumer Fd	$6,806,000	–	87,183	–	2.78%	–
BND	New	Vanguard Bond Index Fund	$6,414,000	–	76,085	–	2.62%	–
VO	New	Vanguard Mid Cap	$5,558,000	–	44,961	–	2.27%	–
XLP	New	Sector Spdr Tr Con Stpls	$5,555,000	–	100,728	–	2.27%	–
XLI	New	Sector Spdr Indl Select	$5,444,000	–	97,195	–	2.22%	–
PRFZ	New	Powershs ETF Small - Mid	$5,370,000	–	55,193	–	2.19%	–
SCHZ	New	Sch US Agg Bnd Etf	$4,101,000	–	76,341	–	1.67%	–
XLE	New	Sector Spdr Engy Select	$3,772,000	–	55,272	–	1.54%	–
BDX	New	Becton Dickinson & Co	$2,161,000	–	12,740	–	0.88%	–
SCHB	New	Schw US Brd Mkt Etf	$1,819,000	–	36,171	–	0.74%	–
XLU	New	Sector Spdr Util Select	$1,735,000	–	33,065	–	0.71%	–
IEV	New	Ishares S&P Euro 350 Idx	$1,716,000	–	45,418	–	0.70%	–
XLB	New	Sector Spdr Materials Fd	$1,663,000	–	35,890	–	0.68%	–
IYF	New	Ishares Tr Dj US Finl	$1,594,000	–	18,551	–	0.65%	–
FNDB	New	Sch Fnd US Mkt Etf	$1,343,000	–	44,734	–	0.55%	–
VGK	New	Vanguard European	$1,341,000	–	28,745	–	0.55%	–
SPY	New	S P D R TRUST Unit SR	$1,288,000	–	6,151	–	0.53%	–
ARE	New	Alexandria Real Est Eqty	$1,150,000	–	11,108	–	0.47%	–
SCHF	New	Schw Intl Eq Etf	$1,134,000	–	41,831	–	0.46%	–
AMLP	New	Alps TRUST Etf	$1,100,000	–	86,484	–	0.45%	–
RMD	New	Resmed Inc	$1,023,000	–	16,183	–	0.42%	–
BIIB	New	Biogen Idec Inc	$881,000	–	3,644	–	0.36%	–
EWJ	New	Ishares Msci Jpn Idx Fd	$806,000	–	70,045	–	0.33%	–
FNDF	New	Sch Fnd Intl Lg Etf	$781,000	–	32,890	–	0.32%	–
NBIX	New	Neurocrine Biosciences	$682,000	–	15,000	–	0.28%	–
SCHE	New	Schwab Emerging Markets	$640,000	–	30,062	–	0.26%	–
MON	New	Monsanto Co New Del	$631,000	–	6,098	–	0.26%	–
VDE	New	Vanguard Energy	$600,000	–	6,308	–	0.24%	–
MBFI	New	M B Financial Inc New	$504,000	–	13,905	–	0.21%	–
RLY	New	Spdr Ssga Exch Traded Fd	$490,000	–	20,130	–	0.20%	–
DSI	New	Ishares TRUST Msci	$461,000	–	5,954	–	0.19%	–
MLPX	New	Global X MLP & Energy Infrastr	$449,000	–	32,503	–	0.18%	–
KND	New	KINDRED HEALTHCARE INC.	$446,000	–	39,494	–	0.18%	–
AAXJ	New	Ishares Msci All Country	$447,000	–	8,172	–	0.18%	–
CMBS	New	Ishares Etf	$421,000	–	7,910	–	0.17%	–
AGIO	New	Agios Pharmaceuticals	$419,000	–	10,000	–	0.17%	–
EBND	New	Spdr Barclays Etf	$376,000	–	13,503	–	0.15%	–
DXJ	New	Wisdomtree Japan Tot Div	$372,000	–	9,592	–	0.15%	–
EWC	New	Ishares Msci Cda Idx Fd	$368,000	–	15,022	–	0.15%	–
BPI	New	Bridgepoint Education	$355,000	–	49,036	–	0.14%	–
MINT	New	Pimco Exch Traded Fund	$314,000	–	3,103	–	0.13%	–
CELG	New	Celgene Corp	$306,000	–	3,100	–	0.12%	–
TSLA	New	Tesla Motors Inc	$278,000	–	1,310	–	0.11%	–
CTLT	New	Catalent Inc	$269,000	–	11,700	–	0.11%	–
DLN	New	Wisdomtree Largecap Div	$260,000	–	3,436	–	0.11%	–
EPP	New	Ishares Msci Pac Ex Japn	$248,000	–	6,330	–	0.10%	–
ILMN	New	Illumina Inc	$242,000	–	1,724	–	0.10%	–
VWO	New	Vanguard Emerging Market	$241,000	–	6,832	–	0.10%	–
IVV	New	Ishares TRUST S&P	$215,000	–	1,020	–	0.09%	–
PPBI	New	Pacific Premier Bancorp	$213,000	–	8,862	–	0.09%	–
DEPO	New	Depomed Inc	$210,000	–	10,700	–	0.09%	–
WMAR	New	West Marine Inc	$169,000	–	20,200	–	0.07%	–
SQNM	New	Sequenom Inc New	$162,000	–	176,777	–	0.07%	–
HNGR	New	HANGER INC	$155,000	–	20,836	–	0.06%	–
BAC	New	Bank Of America Corp	$133,000	–	10,009	–	0.05%	–
CDTX	New	Cidara Therapeutics	$122,000	–	11,850	–	0.05%	–
	New	Aptose Biosciences New	$29,000	–	12,000	–	0.01%	–
APRI	New	Apricus Biosciences Inc	$26,000	–	64,356	–	0.01%	–
BIOC	New	Biocept Inc	$25,000	–	37,736	–	0.01%	–
	New	Arena Pharmaceuticals	$21,000	–	12,000	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
APRI	Exit	Apricus Biosciences Inc	$0	–	-55,735	–	-0.04%	–
BIOC	Exit	Biocept Inc	$0	–	-37,736	–	-0.05%	–
HALO	Exit	Halozyme Therapeutics	$0	–	-12,230	–	-0.09%	–
DEPO	Exit	Depomed Inc	$0	–	-10,000	–	-0.10%	–
RGLS	Exit	Regulus Therapeutics Inc	$0	–	-32,322	–	-0.12%	–
VGT	Exit	Vanguard Info Technology	$0	–	-2,239	–	-0.12%	–
CELG	Exit	Celgene Corp	$0	–	-2,100	–	-0.12%	–
AAL	Exit	American Airls Group Inc	$0	–	-6,238	–	-0.13%	–
IWB	Exit	Ishares Tr Russell	$0	–	-2,368	–	-0.14%	–
DLN	Exit	Wisdomtree Largecap Div	$0	–	-3,760	–	-0.14%	–
HNGR	Exit	HANGER INC	$0	–	-20,836	–	-0.15%	–
EWC	Exit	Ishares Msci Cda Idx Fd	$0	–	-12,889	–	-0.16%	–
ILMN	Exit	Illumina Inc	$0	–	-1,684	–	-0.16%	–
SQNM	Exit	Sequenom Inc New	$0	–	-176,477	–	-0.17%	–
EBND	Exit	Spdr Barclays Etf	$0	–	-13,503	–	-0.18%	–
TSLA	Exit	Tesla Motors Inc	$0	–	-1,350	–	-0.18%	–
EPP	Exit	Ishares Msci Pac Ex Japn	$0	–	-9,502	–	-0.19%	–
BPI	Exit	Bridgepoint Education	$0	–	-49,650	–	-0.20%	–
CMBS	Exit	Ishares Etf	$0	–	-7,910	–	-0.22%	–
MLPX	Exit	Global X Etf	$0	–	-32,503	–	-0.24%	–
DBEF	Exit	Dbx Trackers Msci Etf	$0	–	-17,329	–	-0.24%	–
RLY	Exit	Spdr Ssga Exch Traded Fd	$0	–	-20,425	–	-0.25%	–
DSI	Exit	Ishares TRUST Msci	$0	–	-6,569	–	-0.25%	–
MBFI	Exit	M B Financial Inc New	$0	–	-15,705	–	-0.28%	–
AAXJ	Exit	Ishares Msci All Country	$0	–	-9,697	–	-0.28%	–
MON	Exit	Monsanto Co New Del	$0	–	-6,098	–	-0.28%	–
KND	Exit	KINDRED HEALTHCARE INC.	$0	–	-33,078	–	-0.28%	–
VEU	Exit	Vanguard Intl Eqty Index	$0	–	-12,452	–	-0.29%	–
DXJ	Exit	Wisdomtree Japan Tot Div	$0	–	-11,570	–	-0.31%	–
VWO	Exit	Vanguard Emerging Market	$0	–	-17,055	–	-0.31%	–
NBIX	Exit	Neurocrine Biosciences	$0	–	-15,000	–	-0.32%	–
EWJ	Exit	Ishares Msci Jpn Idx Fd	$0	–	-71,735	–	-0.44%	–
VV	Exit	Vanguard Large Cap	$0	–	-10,079	–	-0.48%	–
SPY	Exit	S P D R TRUST Unit SR	$0	–	-4,916	–	-0.51%	–
ARE	Exit	Alexandria Real Est Eqty	$0	–	-11,529	–	-0.53%	–
VDE	Exit	Vanguard Energy	$0	–	-13,769	–	-0.63%	–
BMR	Exit	Biomed Realty Lp	$0	–	-64,584	–	-0.70%	–
MINT	Exit	Pimco Exch Traded Fund	$0	–	-12,950	–	-0.71%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-4,526	–	-0.72%	–
XLB	Exit	Sector Spdr Materials Fd	$0	–	-34,470	–	-0.75%	–
XLU	Exit	Sector Spdr Util Select	$0	–	-32,554	–	-0.76%	–
RMD	Exit	Resmed Inc	$0	–	-29,641	–	-0.82%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-12,740	–	-0.92%	–
IYF	Exit	Ishares Tr Dj US Finl	$0	–	-20,144	–	-0.92%	–
IEV	Exit	Ishares S&P Euro 350 Idx	$0	–	-45,418	–	-0.98%	–
VGK	Exit	Vanguard European	$0	–	-38,506	–	-1.03%	–
SCHF	Exit	Schw Intl Eq Etf	$0	–	-82,095	–	-1.22%	–
XLE	Exit	Sector Spdr Engy Select	$0	–	-37,886	–	-1.26%	–
SCHB	Exit	Schw US Brd Mkt Etf	$0	–	-64,159	–	-1.62%	–
SCHZ	Exit	Sch US Agg Bnd Etf	$0	–	-80,067	–	-2.27%	–
PRFZ	Exit	Powershs ETF Small - Mid	$0	–	-46,037	–	-2.28%	–
BND	Exit	Vanguard Bond Index Fund	$0	–	-51,419	–	-2.29%	–
VO	Exit	Vanguard Mid Cap	$0	–	-39,874	–	-2.52%	–
XLI	Exit	Sector Spdr Indl Select	$0	–	-96,826	–	-2.62%	–
XLP	Exit	Sector Spdr Tr Con Stpls	$0	–	-103,594	–	-2.65%	–
XLF	Exit	Sector Spdr Fincl Select	$0	–	-278,881	–	-3.43%	–
XLY	Exit	Sector Spdr Consumer Fd	$0	–	-85,223	–	-3.44%	–
XLV	Exit	Sector Spdr Health Fund	$0	–	-106,515	–	-3.83%	–
VCSH	Exit	Vanguard Corp Bond Etf	$0	–	-94,420	–	-4.08%	–
XLK	Exit	Sector Spdr Tech Select	$0	–	-261,776	–	-5.61%	–
PRF	Exit	Powershs Exch Trad Fd Tr	$0	–	-475,220	–	-21.38%	–
NK	Exit	Nantkwest Inc	$0	–	-3,632,461	–	-22.59%	–

Q3 2015

			Value		Shares		↓ Weighting
NK	New	Nantkwest Inc	$41,628,000	–	3,632,461	–	22.59%	–
PRF	Sell	Powershs Exch Trad Fd Tr	$39,400,000	-16.9%	475,220	-9.1%	21.38%	+114.9%
XLK	Buy	Sector Spdr Tech Select	$10,340,000	-1.1%	261,776	+3.7%	5.61%	+155.9%
VCSH	Sell	Vanguard Corp Bond Etf	$7,526,000	-11.5%	94,420	-11.6%	4.08%	+128.8%
XLV	Buy	Sector Spdr Health Fund	$7,054,000	-0.1%	106,515	+12.2%	3.83%	+158.3%
XLY	Buy	Sector Spdr Consumer Fd	$6,329,000	+3.2%	85,223	+6.2%	3.44%	+166.7%
XLF	Buy	Sector Spdr Fincl Select	$6,319,000	+2.8%	278,881	+10.6%	3.43%	+165.8%
XLP	Buy	Sector Spdr Tr Con Stpls	$4,889,000	+4.0%	103,594	+4.9%	2.65%	+168.8%
XLI	Buy	Sector Spdr Indl Select	$4,831,000	+2.2%	96,826	+10.8%	2.62%	+164.3%
VO	Sell	Vanguard Mid Cap	$4,652,000	-8.8%	39,874	-0.4%	2.52%	+135.8%
BND	Sell	Vanguard Bond Index Fund	$4,213,000	-6.5%	51,419	-7.3%	2.29%	+141.6%
PRFZ	Sell	Powershs ETF Small - Mid	$4,211,000	-16.8%	46,037	-5.6%	2.28%	+115.2%
SCHZ	New	Sch US Agg Bnd Etf	$4,175,000	–	80,067	–	2.27%	–
SCHB	New	Schw US Brd Mkt Etf	$2,976,000	–	64,159	–	1.62%	–
XLE	Sell	Sector Spdr Engy Select	$2,319,000	-34.0%	37,886	-18.9%	1.26%	+70.8%
SCHF	New	Schw Intl Eq Etf	$2,247,000	–	82,095	–	1.22%	–
VGK	Sell	Vanguard European	$1,894,000	-93.3%	38,506	-92.7%	1.03%	-82.8%
IEV	Sell	Ishares S&P Euro 350 Idx	$1,808,000	-72.8%	45,418	-70.1%	0.98%	-29.6%
IYF	Sell	Ishares Tr Dj US Finl	$1,694,000	-11.2%	20,144	-5.2%	0.92%	+129.8%
RMD	New	Resmed Inc	$1,511,000	–	29,641	–	0.82%	–
XLU	Buy	Sector Spdr Util Select	$1,409,000	+8.4%	32,554	+3.8%	0.76%	+180.2%
XLB	Buy	Sector Spdr Materials Fd	$1,376,000	-10.9%	34,470	+8.0%	0.75%	+130.6%
MINT	Buy	Pimco Exch Traded Fund	$1,305,000	+60.1%	12,950	+60.8%	0.71%	+314.0%
VDE	Buy	Vanguard Energy	$1,167,000	+272.8%	13,769	+369.9%	0.63%	+859.1%
ARE	Buy	Alexandria Real Est Eqty	$976,000	+71.5%	11,529	+77.1%	0.53%	+345.4%
SPY	Buy	S P D R TRUST Unit SR	$942,000	+156.7%	4,916	+175.6%	0.51%	+563.6%
VV	Buy	Vanguard Large Cap	$887,000	-7.1%	10,079	+0.1%	0.48%	+140.5%
EWJ	Sell	Ishares Msci Jpn Idx Fd	$820,000	-90.8%	71,735	-89.7%	0.44%	-76.1%
DXJ	Sell	Wisdomtree Japan Tot Div	$563,000	-87.1%	11,570	-84.9%	0.31%	-66.7%
VWO	Sell	Vanguard Emerging Market	$564,000	-94.9%	17,055	-93.7%	0.31%	-86.9%
VEU	Sell	Vanguard Intl Eqty Index	$531,000	-90.5%	12,452	-89.2%	0.29%	-75.4%
KND	Buy	KINDRED HEALTHCARE INC.	$521,000	-3.0%	33,078	+25.0%	0.28%	+150.4%
AAXJ	Sell	Ishares Msci All Country	$512,000	-76.9%	9,697	-72.5%	0.28%	-40.3%
RLY	Sell	Spdr Ssga Exch Traded Fd	$463,000	-66.8%	20,425	-62.1%	0.25%	-14.3%
DBEF	Sell	Dbx Trackers Msci Etf	$452,000	-97.7%	17,329	-97.4%	0.24%	-94.0%
MLPX	Sell	Global X Etf	$441,000	-65.3%	32,503	-54.1%	0.24%	-10.5%
CMBS	Sell	Ishares Etf	$410,000	-73.8%	7,910	-74.0%	0.22%	-32.0%
BPI	Sell	Bridgepoint Education	$378,000	-66.1%	49,650	-57.5%	0.20%	-12.4%
EPP	Sell	Ishares Msci Pac Ex Japn	$348,000	-94.2%	9,502	-93.2%	0.19%	-85.1%
TSLA	Buy	Tesla Motors Inc	$335,000	-6.2%	1,350	+1.5%	0.18%	+142.7%
EBND	Sell	Spdr Barclays Etf	$332,000	-78.9%	13,503	-76.8%	0.18%	-45.5%
SQNM	Sell	Sequenom Inc New	$309,000	-63.2%	176,477	-36.2%	0.17%	-4.5%
ILMN	Sell	Illumina Inc	$296,000	-32.0%	1,684	-15.5%	0.16%	+76.9%
EWC	Sell	Ishares Msci Cda Idx Fd	$296,000	-93.4%	12,889	-92.3%	0.16%	-82.8%
HNGR	New	HANGER INC	$284,000	–	20,836	–	0.15%	–
IWB	Sell	Ishares Tr Russell	$253,000	-85.1%	2,368	-83.8%	0.14%	-61.5%
AAL	New	American Airls Group Inc	$242,000	–	6,238	–	0.13%	–
CELG	New	Celgene Corp	$227,000	–	2,100	–	0.12%	–
VGT	New	Vanguard Info Technology	$224,000	–	2,239	–	0.12%	–
HALO	New	Halozyme Therapeutics	$164,000	–	12,230	–	0.09%	–
BIOC	Buy	Biocept Inc	$87,000	+102.3%	37,736	+122.0%	0.05%	+422.2%
ZGNX	Exit	Zogenix Inc	$0	–	-10,000	–	-0.00%	–
CTRV	Exit	Contravir Pharmaceutical	$0	–	-10,175	–	-0.01%	–
TROV	Exit	Trovagene Inc New	$0	–	-11,329	–	-0.02%	–
IMUC	Exit	Immunocellular Theraputc	$0	–	-303,912	–	-0.03%	–
ACAD	Exit	Acadia Pharmaceuticals	$0	–	-5,000	–	-0.04%	–
EFA	Exit	Ishares Tr Msci Eafe Fd	$0	–	-3,468	–	-0.05%	–
IVV	Exit	Ishares TRUST S&P	$0	–	-1,570	–	-0.07%	–
ITCI	Exit	Intra-Cellular Thera	$0	–	-23,232	–	-0.16%	–
AXJL	Exit	Wisdomtree X-Jap Tot Div	$0	–	-12,842	–	-0.18%	–
DBC	Exit	Powershs Db Commdty Indx	$0	–	-52,021	–	-0.20%	–
ARNA	Exit	Arena Pharmaceuticals	$0	–	-232,000	–	-0.23%	–
SGYPQ	Exit	Synergy Pharma New	$0	–	-150,100	–	-0.26%	–
SJNK	Exit	Spdr Barclays Etf	$0	–	-53,246	–	-0.32%	–
EEM	Exit	Ishares Msci Emrg Mkt Fd	$0	–	-65,937	–	-0.55%	–
SRNE	Exit	Sorrento Therapeutics	$0	–	-206,600	–	-0.76%	–
FTGC	Exit	First TRUST Global Etf	$0	–	-754,305	–	-3.92%	–
SDY	Exit	Spdr S&P Dividend Etf	$0	–	-616,724	–	-9.86%	–
RCPT	Exit	Receptos Inc	$0	–	-841,101	–	-33.55%	–

Q2 2015

			Value		Shares		↓ Weighting
RCPT	New	Receptos Inc	$159,851,000	–	841,101	–	33.55%	–
PRF	New	Powershs Exch Trad Fd Tr	$47,418,000	–	522,912	–	9.95%	–
SDY	New	Spdr S&P Dividend Etf	$47,001,000	–	616,724	–	9.86%	–
VGK	New	Vanguard European	$28,410,000	–	526,309	–	5.96%	–
DBEF	New	Dbx Trackers Msci Etf	$19,386,000	–	677,368	–	4.07%	–
FTGC	New	First TRUST Global Etf	$18,699,000	–	754,305	–	3.92%	–
VWO	New	Vanguard Emerging Market	$11,091,000	–	271,305	–	2.33%	–
XLK	New	Sector Spdr Tech Select	$10,451,000	–	252,445	–	2.19%	–
EWJ	New	Ishares Msci Jpn Idx Fd	$8,888,000	–	693,825	–	1.86%	–
VCSH	New	Vanguard Corp Bond Etf	$8,504,000	–	106,867	–	1.78%	–
XLV	New	Sector Spdr Health Fund	$7,062,000	–	94,935	–	1.48%	–
IEV	New	Ishares S&P Euro 350 Idx	$6,636,000	–	151,750	–	1.39%	–
XLF	New	Sector Spdr Fincl Select	$6,149,000	–	252,200	–	1.29%	–
XLY	New	Sector Spdr Consumer Fd	$6,135,000	–	80,220	–	1.29%	–
EPP	New	Ishares Msci Pac Ex Japn	$6,051,000	–	139,413	–	1.27%	–
VEU	New	Vanguard Intl Eqty Index	$5,581,000	–	114,955	–	1.17%	–
VO	New	Vanguard Mid Cap	$5,103,000	–	40,045	–	1.07%	–
PRFZ	New	Powershs ETF Small - Mid	$5,060,000	–	48,771	–	1.06%	–
XLI	New	Sector Spdr Indl Select	$4,725,000	–	87,394	–	0.99%	–
XLP	New	Sector Spdr Tr Con Stpls	$4,701,000	–	98,768	–	0.99%	–
BND	New	Vanguard Bond Index Fund	$4,507,000	–	55,464	–	0.95%	–
EWC	New	Ishares Msci Cda Idx Fd	$4,453,000	–	166,966	–	0.94%	–
DXJ	New	Wisdomtree Japan Tot Div	$4,372,000	–	76,437	–	0.92%	–
SRNE	New	Sorrento Therapeutics	$3,640,000	–	206,600	–	0.76%	–
XLE	New	Sector Spdr Engy Select	$3,511,000	–	46,714	–	0.74%	–
EEM	New	Ishares Msci Emrg Mkt Fd	$2,612,000	–	65,937	–	0.55%	–
AAXJ	New	Ishares Msci All Country	$2,220,000	–	35,232	–	0.47%	–
IYF	New	Ishares Tr Dj US Finl	$1,907,000	–	21,252	–	0.40%	–
BIIB	New	Biogen Idec Inc	$1,828,000	–	4,526	–	0.38%	–
BDX	New	Becton Dickinson & Co	$1,805,000	–	12,740	–	0.38%	–
IWB	New	Ishares Tr Russell	$1,696,000	–	14,619	–	0.36%	–
EBND	New	Spdr Barclays Etf	$1,574,000	–	58,141	–	0.33%	–
CMBS	New	Ishares Etf	$1,562,000	–	30,419	–	0.33%	–
XLB	New	Sector Spdr Materials Fd	$1,544,000	–	31,912	–	0.32%	–
SJNK	New	Spdr Barclays Etf	$1,539,000	–	53,246	–	0.32%	–
RLY	New	Spdr Ssga Exch Traded Fd	$1,395,000	–	53,963	–	0.29%	–
XLU	New	Sector Spdr Util Select	$1,300,000	–	31,350	–	0.27%	–
MLPX	New	Global X Etf	$1,271,000	–	70,827	–	0.27%	–
BMR	New	Biomed Realty Lp	$1,249,000	–	64,584	–	0.26%	–
SGYPQ	New	Synergy Pharma New	$1,246,000	–	150,100	–	0.26%	–
BPI	New	Bridgepoint Education	$1,116,000	–	116,724	–	0.23%	–
ARNA	New	Arena Pharmaceuticals	$1,076,000	–	232,000	–	0.23%	–
VV	New	Vanguard Large Cap	$955,000	–	10,072	–	0.20%	–
DBC	New	Powershs Db Commdty Indx	$936,000	–	52,021	–	0.20%	–
AXJL	New	Wisdomtree X-Jap Tot Div	$844,000	–	12,842	–	0.18%	–
SQNM	New	Sequenom Inc New	$840,000	–	276,477	–	0.18%	–
MINT	New	Pimco Exch Traded Fund	$815,000	–	8,054	–	0.17%	–
ITCI	New	Intra-Cellular Thera	$742,000	–	23,232	–	0.16%	–
NBIX	New	Neurocrine Biosciences	$716,000	–	15,000	–	0.15%	–
MON	New	Monsanto Co New Del	$650,000	–	6,098	–	0.14%	–
ARE	New	Alexandria Real Est Eqty	$569,000	–	6,509	–	0.12%	–
MBFI	New	M B Financial Inc New	$541,000	–	15,705	–	0.11%	–
KND	New	KINDRED HEALTHCARE INC.	$537,000	–	26,468	–	0.11%	–
DSI	New	Ishares TRUST Msci	$500,000	–	6,569	–	0.10%	–
ILMN	New	Illumina Inc	$435,000	–	1,992	–	0.09%	–
SPY	New	S P D R TRUST Unit SR	$367,000	–	1,784	–	0.08%	–
TSLA	New	Tesla Motors Inc	$357,000	–	1,330	–	0.08%	–
RGLS	New	Regulus Therapeutics Inc	$354,000	–	32,322	–	0.07%	–
IVV	New	Ishares TRUST S&P	$325,000	–	1,570	–	0.07%	–
VDE	New	Vanguard Energy	$313,000	–	2,930	–	0.07%	–
DLN	New	Wisdomtree Largecap Div	$273,000	–	3,760	–	0.06%	–
EFA	New	Ishares Tr Msci Eafe Fd	$220,000	–	3,468	–	0.05%	–
DEPO	New	Depomed Inc	$215,000	–	10,000	–	0.04%	–
ACAD	New	Acadia Pharmaceuticals	$209,000	–	5,000	–	0.04%	–
IMUC	New	Immunocellular Theraputc	$143,000	–	303,912	–	0.03%	–
TROV	New	Trovagene Inc New	$115,000	–	11,329	–	0.02%	–
APRI	New	Apricus Biosciences Inc	$95,000	–	55,735	–	0.02%	–
CTRV	New	Contravir Pharmaceutical	$52,000	–	10,175	–	0.01%	–
BIOC	New	Biocept Inc	$43,000	–	17,000	–	0.01%	–
ZGNX	New	Zogenix Inc	$17,000	–	10,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
APRI	Exit	Apricus Biosciences Inc	$0	–	-43,235	–	-0.02%	–
TRMR	Exit	Tremor Video Inc	$0	–	-42,828	–	-0.03%	–
DEPO	Exit	Depomed Inc	$0	–	-10,000	–	-0.04%	–
IVV	Exit	Ishares TRUST S&P	$0	–	-1,020	–	-0.06%	–
SPY	Exit	S P D R TRUST Unit SR	$0	–	-1,041	–	-0.06%	–
ACAD	Exit	Acadia Pharmaceuticals	$0	–	-10,000	–	-0.07%	–
ILMN	Exit	Illumina Inc	$0	–	-1,592	–	-0.07%	–
DLN	Exit	Wisdomtree Largecap Div	$0	–	-3,760	–	-0.07%	–
ARNA	Exit	Arena Pharmaceuticals	$0	–	-76,118	–	-0.09%	–
TSLA	Exit	Tesla Motors Inc	$0	–	-1,345	–	-0.09%	–
SGYPQ	Exit	Synergy Pharma New	$0	–	-118,200	–	-0.09%	–
IMUC	Exit	Immunocellular Theraputc	$0	–	-393,912	–	-0.10%	–
CUDA	Exit	Barracuda Networks Inc	$0	–	-13,750	–	-0.10%	–
IPCM	Exit	Ipc The Hospitalist Co	$0	–	-8,293	–	-0.10%	–
NBIX	Exit	Neurocrine Biosciences	$0	–	-27,365	–	-0.12%	–
MBFI	Exit	M B Financial Inc New	$0	–	-15,705	–	-0.12%	–
ARE	Exit	Alexandria Real Est Eqty	$0	–	-6,509	–	-0.13%	–
KND	Exit	KINDRED HEALTHCARE INC.	$0	–	-26,468	–	-0.14%	–
CSOD	Exit	Cornerstone Ondemand Inc	$0	–	-15,000	–	-0.14%	–
RGLS	Exit	Regulus Therapeutics Inc	$0	–	-80,000	–	-0.15%	–
DSI	Exit	Ishares TRUST Msci	$0	–	-7,716	–	-0.16%	–
AAPL	Exit	Apple Inc	$0	–	-5,707	–	-0.16%	–
MON	Exit	Monsanto Co New Del	$0	–	-6,098	–	-0.19%	–
VV	Exit	Vanguard Large Cap	$0	–	-8,000	–	-0.20%	–
SQNM	Exit	Sequenom Inc New	$0	–	-266,477	–	-0.22%	–
MINT	Exit	Pimco Exch Traded Fund	$0	–	-9,380	–	-0.26%	–
BMR	Exit	Biomed Realty Lp	$0	–	-60,169	–	-0.34%	–
XLU	Exit	Sector Spdr Util Select	$0	–	-30,100	–	-0.35%	–
DBC	Exit	Powershs Db Commdty Indx	$0	–	-57,072	–	-0.37%	–
BPI	Exit	Bridgepoint Education	$0	–	-120,477	–	-0.37%	–
CFN	Exit	Carefusion Corp	$0	–	-32,861	–	-0.41%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-4,526	–	-0.41%	–
XLB	Exit	Sector Spdr Materials Fd	$0	–	-30,465	–	-0.42%	–
RLY	Exit	Spdr Ssga Exch Traded Fd	$0	–	-53,635	–	-0.42%	–
MLPX	Exit	Global X Etf	$0	–	-77,000	–	-0.42%	–
AAXJ	Exit	Ishares Msci All Country	$0	–	-25,984	–	-0.44%	–
EBND	Exit	Spdr Barclays Etf	$0	–	-58,141	–	-0.48%	–
SJNK	Exit	Spdr Barclays Etf	$0	–	-57,646	–	-0.48%	–
CMBS	Exit	Ishares Etf	$0	–	-34,652	–	-0.49%	–
HALO	Exit	Halozyme Therapeutics	$0	–	-199,230	–	-0.50%	–
IYF	Exit	Ishares Tr Dj US Finl	$0	–	-22,634	–	-0.52%	–
IWB	Exit	Ishares Tr Russell	$0	–	-17,975	–	-0.55%	–
EEM	Exit	Ishares Msci Emrg Mkt Fd	$0	–	-77,285	–	-0.89%	–
VEU	Exit	Vanguard Intl Eqty Index	$0	–	-66,561	–	-0.91%	–
XLE	Exit	Sector Spdr Engy Select	$0	–	-47,177	–	-1.18%	–
XLP	Exit	Sector Spdr Tr Con Stpls	$0	–	-95,382	–	-1.19%	–
DXJ	Exit	Wisdomtree Japan Tot Div	$0	–	-82,369	–	-1.19%	–
IEV	Exit	Ishares S&P Euro 350 Idx	$0	–	-95,912	–	-1.20%	–
PRFZ	Exit	Powershs ETF Small - Mid	$0	–	-46,799	–	-1.22%	–
VO	Exit	Vanguard Mid Cap	$0	–	-37,817	–	-1.23%	–
XLI	Exit	Sector Spdr Indl Select	$0	–	-85,476	–	-1.26%	–
XLY	Exit	Sector Spdr Consumer Fd	$0	–	-80,791	–	-1.49%	–
XLF	Exit	Sector Spdr Fincl Select	$0	–	-234,737	–	-1.50%	–
EWC	Exit	Ishares Msci Cda Idx Fd	$0	–	-191,750	–	-1.63%	–
XLV	Exit	Sector Spdr Health Fund	$0	–	-95,172	–	-1.68%	–
EPP	Exit	Ishares Msci Pac Ex Japn	$0	–	-188,619	–	-2.40%	–
EWJ	Exit	Ishares Msci Jpn Idx Fd	$0	–	-799,935	–	-2.60%	–
XLK	Exit	Sector Spdr Tech Select	$0	–	-240,949	–	-2.66%	–
VWO	Exit	Vanguard Emerging Market	$0	–	-285,666	–	-3.30%	–
SRNE	Exit	Sorrento Therapeutics	$0	–	-3,739,362	–	-4.68%	–
DBEF	Exit	Dbx Trackers Msci Etf	$0	–	-629,087	–	-4.83%	–
VGK	Exit	Vanguard European	$0	–	-625,930	–	-9.56%	–
PRF	Exit	Powershs Exch Trad Fd Tr	$0	–	-497,399	–	-12.10%	–
SDY	Exit	Spdr S&P Dividend Etf	$0	–	-600,179	–	-12.44%	–
RCPT	Exit	Receptos Inc	$0	–	-1,100,445	–	-18.91%	–

Q3 2014

			Value		Shares		↓ Weighting
RCPT	Buy	Receptos Inc	$68,349,000	+51.0%	1,100,445	+3.6%	18.91%	+56.2%
SDY	Sell	Spdr S&P Dividend Etf	$44,977,000	-2.7%	600,179	-0.6%	12.44%	+0.6%
PRF	Sell	Powershs Exch Trad Fd Tr	$43,731,000	-1.1%	497,399	-0.5%	12.10%	+2.3%
VGK	Buy	Vanguard European	$34,564,000	-5.1%	625,930	+3.0%	9.56%	-1.8%
DBEF	Buy	Dbx Trackers Msci Etf	$17,445,000	+3.5%	629,087	+3.0%	4.83%	+7.1%
VWO	Buy	Vanguard Emerging Market	$11,915,000	-2.8%	285,666	+0.5%	3.30%	+0.5%
XLK	Sell	Sector Spdr Tech Select	$9,614,000	+2.8%	240,949	-1.2%	2.66%	+6.3%
EWJ	Buy	Ishares Msci Jpn Idx Fd	$9,415,000	-1.2%	799,935	+1.0%	2.60%	+2.2%
EPP	Buy	Ishares Msci Pac Ex Japn	$8,690,000	-4.2%	188,619	+2.4%	2.40%	-0.9%
XLV	Sell	Sector Spdr Health Fund	$6,082,000	+2.9%	95,172	-2.1%	1.68%	+6.5%
EWC	Sell	Ishares Msci Cda Idx Fd	$5,885,000	-5.4%	191,750	-0.7%	1.63%	-2.1%
XLF	Buy	Sector Spdr Fincl Select	$5,439,000	+3.6%	234,737	+0.3%	1.50%	+7.2%
XLY	Sell	Sector Spdr Consumer Fd	$5,388,000	-0.6%	80,791	-0.5%	1.49%	+2.9%
XLI	Buy	Sector Spdr Indl Select	$4,543,000	-0.9%	85,476	+0.8%	1.26%	+2.5%
VO	Sell	Vanguard Mid Cap	$4,436,000	-2.9%	37,817	-1.8%	1.23%	+0.4%
PRFZ	Sell	Powershs ETF Small - Mid	$4,401,000	-7.3%	46,799	-0.6%	1.22%	-4.1%
DXJ	Sell	Wisdomtree Japan Tot Div	$4,310,000	+4.5%	82,369	-1.5%	1.19%	+8.1%
XLP	Sell	Sector Spdr Tr Con Stpls	$4,303,000	-0.2%	95,382	-1.3%	1.19%	+3.3%
XLE	Sell	Sector Spdr Engy Select	$4,275,000	-10.3%	47,177	-0.9%	1.18%	-7.1%
VEU	Buy	Vanguard Intl Eqty Index	$3,277,000	+0.6%	66,561	+6.9%	0.91%	+4.1%
EEM	Sell	Ishares Msci Emrg Mkt Fd	$3,212,000	-9.1%	77,285	-5.5%	0.89%	-5.9%
IWB	Buy	Ishares Tr Russell	$1,975,000	+12.7%	17,975	+13.0%	0.55%	+16.4%
IYF	Sell	Ishares Tr Dj US Finl	$1,895,000	-4.4%	22,634	-5.1%	0.52%	-1.1%
CMBS	Buy	Ishares Etf	$1,779,000	-0.7%	34,652	+0.0%	0.49%	+2.7%
SJNK	Buy	Spdr Barclays Etf	$1,725,000	-3.3%	57,646	+0.0%	0.48%	0.0%
AAXJ	Sell	Ishares Msci All Country	$1,593,000	-7.1%	25,984	-4.9%	0.44%	-3.7%
MLPX	New	Global X Etf	$1,533,000	–	77,000	–	0.42%	–
RLY	Buy	Spdr Ssga Exch Traded Fd	$1,523,000	-7.7%	53,635	+0.5%	0.42%	-4.5%
XLB	Sell	Sector Spdr Materials Fd	$1,511,000	-1.8%	30,465	-1.7%	0.42%	+1.5%
BIIB	Sell	Biogen Idec Inc	$1,497,000	-10.2%	4,526	-14.4%	0.41%	-7.2%
BPI	Sell	Bridgepoint Education	$1,345,000	-43.5%	120,477	-32.8%	0.37%	-41.6%
XLU	Sell	Sector Spdr Util Select	$1,267,000	-5.4%	30,100	-0.5%	0.35%	-2.0%
BMR	New	Biomed Realty Lp	$1,215,000	–	60,169	–	0.34%	–
MINT	Buy	Pimco Exch Traded Fund	$951,000	+291.4%	9,380	+291.5%	0.26%	+304.6%
MON	Sell	Monsanto Co New Del	$686,000	-42.6%	6,098	-36.4%	0.19%	-40.6%
AAPL	Buy	Apple Inc	$575,000	+26.1%	5,707	+16.3%	0.16%	+30.3%
DSI	Sell	Ishares TRUST Msci	$566,000	-7.1%	7,716	-7.3%	0.16%	-3.7%
KND	New	KINDRED HEALTHCARE INC.	$513,000	–	26,468	–	0.14%	–
CUDA	New	Barracuda Networks Inc	$353,000	–	13,750	–	0.10%	–
SGYPQ	Sell	Synergy Pharma New	$329,000	-38.8%	118,200	-10.6%	0.09%	-36.8%
TSLA	Buy	Tesla Motors Inc	$326,000	+18.5%	1,345	+17.5%	0.09%	+21.6%
ARNA	Buy	Arena Pharmaceuticals	$319,000	-17.6%	76,118	+15.1%	0.09%	-14.6%
DLN	Sell	Wisdomtree Largecap Div	$268,000	-9.5%	3,760	-10.0%	0.07%	-6.3%
ACAD	New	Acadia Pharmaceuticals	$248,000	–	10,000	–	0.07%	–
SPY	New	S P D R TRUST Unit SR	$205,000	–	1,041	–	0.06%	–
IVV	New	Ishares TRUST S&P	$202,000	–	1,020	–	0.06%	–
PZG	Exit	Paramount Gold And Silvr	$0	–	-13,085	–	-0.00%	–
EMX	Exit	Eurasian Minerals Inc	$0	–	-22,543	–	-0.01%	–
AXU	Exit	Alexco Resource Corp	$0	–	-17,500	–	-0.01%	–
XPL	Exit	Solitario Expl Royalty	$0	–	-22,000	–	-0.01%	–
WILN	Exit	Wi Lan Inc	$0	–	-10,000	–	-0.01%	–
HL	Exit	Hecla Mining Company	$0	–	-15,000	–	-0.01%	–
REED	Exit	Reeds Inc	$0	–	-10,000	–	-0.01%	–
KGC	Exit	Kinross Gold Corp New	$0	–	-19,500	–	-0.02%	–
CDE	Exit	Coeur D Alene Mines New	$0	–	-17,000	–	-0.04%	–
VT	Exit	Vanguard Total World	$0	–	-3,478	–	-0.06%	–
QCOM	Exit	Qualcomm Inc	$0	–	-2,809	–	-0.06%	–
VNQ	Exit	Vanguard Reit	$0	–	-3,721	–	-0.07%	–
SZYM	Exit	Solazyme Inc	$0	–	-42,250	–	-0.13%	–
BOND	Exit	Pimco Exch Traded Fund	$0	–	-8,412	–	-0.24%	–
LDUR	Exit	Pimco Exch Traded Fund	$0	–	-12,288	–	-0.33%	–
AMLP	Exit	Alps TRUST Etf	$0	–	-1,127,258	–	-5.73%	–

Q2 2014

			Value		Shares		↓ Weighting
SDY	New	Spdr SP Dividend Etf	$46,231,000	–	603,613	–	12.36%	–
RCPT	New	Receptos Inc	$45,255,000	–	1,062,313	–	12.10%	–
PRF	New	Powershs Exch Trad Fd Tr	$44,230,000	–	500,112	–	11.83%	–
VGK	New	Vanguard European	$36,426,000	–	607,610	–	9.74%	–
SRNE	New	Sorrento Therapeutics	$25,241,000	–	3,739,362	–	6.75%	–
AMLP	New	Alps TRUST Etf	$21,418,000	–	1,127,258	–	5.73%	–
DBEF	New	Dbx Trackers Msci Etf	$16,854,000	–	610,665	–	4.51%	–
VWO	New	Vanguard Emerging Market	$12,262,000	–	284,305	–	3.28%	–
EWJ	New	Ishares Msci Jpn Idx Fd	$9,532,000	–	791,731	–	2.55%	–
XLK	New	Sector Spdr Tech Select	$9,354,000	–	243,907	–	2.50%	–
EPP	New	Ishares Msci Pac Ex Japn	$9,070,000	–	184,163	–	2.43%	–
EWC	New	Ishares Msci Cda Idx Fd	$6,219,000	–	193,082	–	1.66%	–
XLV	New	Sector Spdr Health Fund	$5,913,000	–	97,199	–	1.58%	–
XLY	New	Sector Spdr Consumer Fd	$5,418,000	–	81,188	–	1.45%	–
XLF	New	Sector Spdr Fincl Select	$5,251,000	–	234,019	–	1.40%	–
XLE	New	Sector Spdr Engy Select	$4,764,000	–	47,593	–	1.27%	–
PRFZ	New	Powershs ETF Small Mid	$4,748,000	–	47,076	–	1.27%	–
IEV	New	Ishares SP Euro 350 Idx	$4,658,000	–	95,912	–	1.25%	–
XLI	New	Sector Spdr Indl Select	$4,586,000	–	84,835	–	1.23%	–
VO	New	Vanguard Mid Cap	$4,569,000	–	38,504	–	1.22%	–
XLP	New	Sector Spdr Tr Con Stpls	$4,311,000	–	96,610	–	1.15%	–
DXJ	New	Wisdomtree Japan Tot Div	$4,126,000	–	83,597	–	1.10%	–
EEM	New	Ishares Msci Emrg Mkt Fd	$3,534,000	–	81,752	–	0.94%	–
VEU	New	Vanguard Intl Eqty Index	$3,256,000	–	62,275	–	0.87%	–
BPI	New	Bridgepoint Education	$2,382,000	–	179,346	–	0.64%	–
IYF	New	Ishares Tr Dj US Finl	$1,983,000	–	23,847	–	0.53%	–
HALO	New	Halozyme Therapeutics	$1,968,000	–	199,230	–	0.53%	–
EBND	New	Spdr Barclays Etf	$1,815,000	–	58,141	–	0.48%	–
CMBS	New	Ishares Etf	$1,792,000	–	34,650	–	0.48%	–
SJNK	New	Spdr Barclays Etf	$1,784,000	–	57,635	–	0.48%	–
IWB	New	Ishares Tr Russell	$1,752,000	–	15,909	–	0.47%	–
AAXJ	New	Ishares Msci All Country	$1,714,000	–	27,334	–	0.46%	–
BIIB	New	Biogen Idec Inc	$1,667,000	–	5,286	–	0.45%	–
RLY	New	Spdr Ssga Exch Traded Fd	$1,650,000	–	53,352	–	0.44%	–
XLB	New	Sector Spdr Materials Fd	$1,539,000	–	31,000	–	0.41%	–
DBC	New	Powershs Db Commdty Indx	$1,517,000	–	57,072	–	0.41%	–
XLU	New	Sector Spdr Util Select	$1,340,000	–	30,265	–	0.36%	–
LDUR	New	Pimco Exch Traded Fund	$1,246,000	–	12,288	–	0.33%	–
MON	New	Monsanto Co New Del	$1,195,000	–	9,582	–	0.32%	–
SQNM	New	Sequenom Inc New	$1,031,000	–	266,477	–	0.28%	–
BOND	New	Pimco Exch Traded Fund	$917,000	–	8,412	–	0.24%	–
VV	New	Vanguard Large Cap	$720,000	–	8,000	–	0.19%	–
CSOD	New	Cornerstone Ondemand Inc	$690,000	–	15,000	–	0.18%	–
RGLS	New	Regulus Therapeutics Inc	$643,000	–	80,000	–	0.17%	–
DSI	New	Ishares TRUST Msci	$609,000	–	8,327	–	0.16%	–
SGYPQ	New	Synergy Pharma New	$538,000	–	132,200	–	0.14%	–
ARE	New	Alexandria Real Est Eqty	$505,000	–	6,509	–	0.14%	–
SZYM	New	Solazyme Inc	$498,000	–	42,250	–	0.13%	–
AAPL	New	Apple Inc	$456,000	–	4,907	–	0.12%	–
IMUC	New	Immunocellular Theraputc	$441,000	–	393,912	–	0.12%	–
MBFI	New	M B Financial Inc New	$425,000	–	15,705	–	0.11%	–
NBIX	New	Neurocrine Biosciences	$406,000	–	27,365	–	0.11%	–
ARNA	New	Arena Pharmaceuticals	$387,000	–	66,118	–	0.10%	–
IPCM	New	Ipc The Hospitalist Co	$367,000	–	8,293	–	0.10%	–
DLN	New	Wisdomtree Largecap Div	$296,000	–	4,177	–	0.08%	–
ILMN	New	Illumina Inc	$284,000	–	1,592	–	0.08%	–
VNQ	New	Vanguard Reit	$278,000	–	3,721	–	0.07%	–
TSLA	New	Tesla Motors Inc	$275,000	–	1,145	–	0.07%	–
MINT	New	Pimco Exch Traded Fund	$243,000	–	2,396	–	0.06%	–
QCOM	New	Qualcomm Inc	$222,000	–	2,809	–	0.06%	–
VT	New	Vanguard Total World	$216,000	–	3,478	–	0.06%	–
TRMR	New	Tremor Video Inc	$202,000	–	42,828	–	0.05%	–
CDE	New	Coeur D Alene Mines New	$156,000	–	17,000	–	0.04%	–
DEPO	New	Depomed Inc	$139,000	–	10,000	–	0.04%	–
APRI	New	Apricus Biosciences Inc	$97,000	–	43,235	–	0.03%	–
KGC	New	Kinross Gold Corp New	$81,000	–	19,500	–	0.02%	–
REED	New	Reeds Inc	$52,000	–	10,000	–	0.01%	–
HL	New	Hecla Mining Company	$52,000	–	15,000	–	0.01%	–
WILN	New	Wi Lan Inc	$32,000	–	10,000	–	0.01%	–
XPL	New	Solitario Expl Royalty	$29,000	–	22,000	–	0.01%	–
AXU	New	Alexco Resource Corp	$22,000	–	17,500	–	0.01%	–
EMX	New	Eurasian Minerals Inc	$18,000	–	22,543	–	0.01%	–
PZG	New	Paramount Gold And Silvr	$13,000	–	13,085	–	0.00%	–
CFN	New	Carefusion Corp	$7,000	–	32,861	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
CLGRF	Exit	Claude Resources Inc	$0	–	-30,000	–	-0.00%	–
PLGTF	Exit	Pilot Gold Inc	$0	–	-10,000	–	-0.01%	–
PZG	Exit	Paramount Gold And Silvr	$0	–	-10,000	–	-0.01%	–
TASIF	Exit	Tasman Metals Ltd	$0	–	-15,000	–	-0.01%	–
KBXRF	Exit	Kimber Resources Inc	$0	–	-100,000	–	-0.01%	–
CDYCF	Exit	Cardero Resources Corp	$0	–	-160,000	–	-0.01%	–
SQNM	Exit	Sequenom Inc New	$0	–	-40,000	–	-0.05%	–
SZYM	Exit	Solazyme Inc	$0	–	-15,000	–	-0.08%	–
IMUC	Exit	Immunocellular Theraputc	$0	–	-70,000	–	-0.09%	–
DBC	Exit	Powershs Db Commdty Indx	$0	–	-7,847	–	-0.10%	–
DLN	Exit	Wisdomtree Largecap Div	$0	–	-4,177	–	-0.12%	–
SPY	Exit	S P D R TRUST Unit SR	$0	–	-2,360	–	-0.19%	–
BSV	Exit	Vanguard Bond Index Fund	$0	–	-6,268	–	-0.24%	–
DSI	Exit	Ishares TRUST Msci	$0	–	-10,275	–	-0.31%	–
SRLN	Exit	Spdr Ssga Exch Traded Fd	$0	–	-20,806	–	-0.50%	–
SJNK	Exit	Spdr Barclays Etf	$0	–	-34,818	–	-0.51%	–
XLU	Exit	Sector Spdr Util Select	$0	–	-28,770	–	-0.51%	–
BOND	Exit	Pimco Exch Traded Fund	$0	–	-10,189	–	-0.52%	–
CMBS	Exit	Ishares Etf	$0	–	-20,980	–	-0.52%	–
XLB	Exit	Sector Spdr Materials Fd	$0	–	-27,800	–	-0.56%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-5,416	–	-0.62%	–
IWB	Exit	Ishares Tr Russell	$0	–	-14,783	–	-0.66%	–
AAXJ	Exit	Ishares Msci All Country	$0	–	-28,806	–	-0.80%	–
HALO	Exit	Halozyme Therapeutics	$0	–	-165,000	–	-0.87%	–
IYF	Exit	Ishares Tr Dj US Finl	$0	–	-25,246	–	-0.88%	–
VEU	Exit	Vanguard Intl Eqty Index	$0	–	-50,520	–	-1.17%	–
XLF	Exit	Sector Spdr Fincl Select	$0	–	-171,860	–	-1.63%	–
XLI	Exit	Sector Spdr Indl Select	$0	–	-74,771	–	-1.66%	–
XLP	Exit	Sector Spdr Tr Con Stpls	$0	–	-87,553	–	-1.66%	–
XLE	Exit	Sector Spdr Engy Select	$0	–	-43,115	–	-1.71%	–
DXJ	Exit	Wisdomtree Japan Tot Div	$0	–	-78,730	–	-1.80%	–
VO	Exit	Vanguard Mid Cap	$0	–	-37,581	–	-1.84%	–
EEM	Exit	Ishares Msci Emrg Mkt Fd	$0	–	-98,391	–	-1.91%	–
XLY	Exit	Sector Spdr Consumer Fd	$0	–	-66,213	–	-1.92%	–
IEV	Exit	Ishares S&P Euro 350 Idx	$0	–	-94,497	–	-1.99%	–
PRFZ	Exit	Powershs ETF Small - Mid	$0	–	-46,854	–	-2.00%	–
XLV	Exit	Sector Spdr Health Fund	$0	–	-85,217	–	-2.06%	–
EWC	Exit	Ishares Msci Cda Idx Fd	$0	–	-158,933	–	-2.15%	–
EPP	Exit	Ishares Msci Pac Ex Japn	$0	–	-110,439	–	-2.51%	–
EWJ	Exit	Ishares Msci Jpn Idx Fd	$0	–	-454,917	–	-2.59%	–
XLK	Exit	Sector Spdr Tech Select	$0	–	-219,140	–	-3.35%	–
VWO	Exit	Vanguard Emerging Market	$0	–	-265,904	–	-5.09%	–
AMLP	Exit	Alps TRUST Etf	$0	–	-838,562	–	-7.04%	–
VGK	Exit	Vanguard European	$0	–	-482,979	–	-12.56%	–
PRF	Exit	Powershs Exch Trad Fd Tr	$0	–	-476,142	–	-17.15%	–
SDY	Exit	Spdr S&P Dividend Etf	$0	–	-549,739	–	-18.06%	–

Q3 2013

			Value		Shares		↓ Weighting
SDY	Buy	Spdr S&P Dividend Etf	$37,837,000	+14.7%	549,739	+10.5%	18.06%	-4.2%
PRF	Buy	Powershs Exch Trad Fd Tr	$35,944,000	+14.8%	476,142	+9.5%	17.15%	-4.0%
VGK	Buy	Vanguard European	$26,322,000	+23.6%	482,979	+9.1%	12.56%	+3.3%
AMLP	Buy	Alps TRUST Etf	$14,750,000	+15.3%	838,562	+17.0%	7.04%	-3.6%
VWO	Buy	Vanguard Emerging Market	$10,672,000	+12.7%	265,904	+8.9%	5.09%	-5.8%
XLK	Buy	Sector Spdr Tech Select	$7,021,000	+16.1%	219,140	+10.8%	3.35%	-3.0%
EWJ	Buy	Ishares Msci Jpn Idx Fd	$5,423,000	+30.5%	454,917	+22.8%	2.59%	+9.1%
EPP	Buy	Ishares Msci Pac Ex Japn	$5,262,000	+39.8%	110,439	+26.3%	2.51%	+16.8%
EWC	Buy	Ishares Msci Cda Idx Fd	$4,499,000	+20.6%	158,933	+11.3%	2.15%	+0.8%
XLV	Buy	Sector Spdr Health Fund	$4,311,000	+17.7%	85,217	+10.8%	2.06%	-1.7%
PRFZ	Buy	Powershs ETF Small - Mid	$4,195,000	+28.9%	46,854	+16.6%	2.00%	+7.7%
IEV	Buy	Ishares S&P Euro 350 Idx	$4,169,000	+15.4%	94,497	+1.3%	1.99%	-3.6%
XLY	Buy	Sector Spdr Consumer Fd	$4,014,000	+16.3%	66,213	+8.3%	1.92%	-2.7%
EEM	Sell	Ishares Msci Emrg Mkt Fd	$4,010,000	+4.8%	98,391	-1.0%	1.91%	-12.4%
VO	Buy	Vanguard Mid Cap	$3,851,000	+29.8%	37,581	+20.5%	1.84%	+8.5%
XLE	Buy	Sector Spdr Engy Select	$3,575,000	+19.1%	43,115	+12.5%	1.71%	-0.5%
XLP	Buy	Sector Spdr Tr Con Stpls	$3,485,000	+12.0%	87,553	+11.6%	1.66%	-6.4%
XLI	Buy	Sector Spdr Indl Select	$3,470,000	+14.7%	74,771	+5.4%	1.66%	-4.1%
XLF	Buy	Sector Spdr Fincl Select	$3,421,000	+22.4%	171,860	+19.5%	1.63%	+2.3%
VEU	Sell	Vanguard Intl Eqty Index	$2,455,000	+9.5%	50,520	-0.3%	1.17%	-8.4%
HALO	Buy	Halozyme Therapeutics	$1,822,000	+58.0%	165,000	+13.8%	0.87%	+32.1%
IWB	Sell	Ishares Tr Russell	$1,392,000	+4.2%	14,783	-0.5%	0.66%	-13.0%
BIIB	Buy	Biogen Idec Inc	$1,304,000	+15.8%	5,416	+3.5%	0.62%	-3.3%
XLB	Buy	Sector Spdr Materials Fd	$1,168,000	+16.2%	27,800	+6.1%	0.56%	-3.0%
CMBS	New	Ishares Etf	$1,082,000	–	20,980	–	0.52%	–
BOND	New	Pimco Exch Traded Fund	$1,079,000	–	10,189	–	0.52%	–
XLU	Buy	Sector Spdr Util Select	$1,075,000	+12.4%	28,770	+13.3%	0.51%	-6.0%
SJNK	New	Spdr Barclays Etf	$1,063,000	–	34,818	–	0.51%	–
SRLN	New	Spdr Ssga Exch Traded Fd	$1,037,000	–	20,806	–	0.50%	–
BSV	Sell	Vanguard Bond Index Fund	$504,000	-0.6%	6,268	-1.1%	0.24%	-16.6%
SPY	New	S P D R TRUST Unit SR	$397,000	–	2,360	–	0.19%	–
DBC	New	Powershs Db Commdty Indx	$202,000	–	7,847	–	0.10%	–
IMUC	Sell	Immunocellular Theraputc	$180,000	+2.3%	70,000	-23.0%	0.09%	-14.0%
SZYM	Buy	Solazyme Inc	$162,000	+14.9%	15,000	+25.0%	0.08%	-4.9%
SQNM	New	Sequenom Inc New	$107,000	–	40,000	–	0.05%	–
CDYCF	Buy	Cardero Resources Corp	$27,000	+68.8%	160,000	+12.3%	0.01%	+44.4%
KBXRF	Buy	Kimber Resources Inc	$14,000	+133.3%	100,000	+53.8%	0.01%	+133.3%
PZG	New	Paramount Gold And Silvr	$13,000	–	10,000	–	0.01%	–
PLGTF	New	Pilot Gold Inc	$10,000	–	10,000	–	0.01%	–
CLGRF	Buy	Claude Resources Inc	$7,000	+16.7%	30,000	+20.0%	0.00%	0.0%
HUSIF	Exit	Huldra Silver	$0	–	-50,000	–	-0.00%	–
MMRF	Exit	Mmr Information Sys	$0	–	-90,155	–	-0.00%	–
BRD	Exit	Brigus Gold Corp	$0	–	-10,000	–	-0.00%	–
GPL	Exit	Great Panther Silver LTD	$0	–	-10,000	–	-0.01%	–
SGSVF	Exit	Sabina Gold & Silver	$0	–	-13,000	–	-0.01%	–
AXU	Exit	Alexco Resource Corp	$0	–	-12,500	–	-0.01%	–
EXK	Exit	Endeavour Silver Corp	$0	–	-13,500	–	-0.03%	–
	Exit	Sandstorm Metls & Engy	$0	–	-30,000	–	-0.05%	–
CAMP	Exit	Calamp Corp	$0	–	-11,000	–	-0.09%	–

Q2 2013

			Value		Shares		↓ Weighting
SDY	New	Spdr S&P Dividend Etf	$32,996,000	–	497,674	–	18.84%	–
PRF	New	Powershs Exch Trad Fd Tr	$31,303,000	–	434,761	–	17.87%	–
VGK	New	Vanguard European	$21,304,000	–	442,643	–	12.16%	–
AMLP	New	Alps TRUST Etf	$12,788,000	–	716,417	–	7.30%	–
VWO	New	Vanguard Emerging Market	$9,473,000	–	244,185	–	5.41%	–
XLK	New	Sector Spdr Tech Select	$6,047,000	–	197,723	–	3.45%	–
EWJ	New	Ishares Msci Jpn Idx Fd	$4,155,000	–	370,359	–	2.37%	–
EEM	New	Ishares Msci Emrg Mkt Fd	$3,825,000	–	99,342	–	2.18%	–
EPP	New	Ishares Msci Pac Ex Japn	$3,763,000	–	87,453	–	2.15%	–
EWC	New	Ishares Msci Cda Idx Fd	$3,732,000	–	142,734	–	2.13%	–
XLV	New	Sector Spdr Health Fund	$3,663,000	–	76,933	–	2.09%	–
IEV	New	Ishares S&P Euro 350 Idx	$3,614,000	–	93,260	–	2.06%	–
DXJ	New	Wisdomtree Japan Tot Div	$3,591,000	–	78,730	–	2.05%	–
XLY	New	Sector Spdr Consumer Fd	$3,450,000	–	61,162	–	1.97%	–
PRFZ	New	Powershs ETF Small - Mid	$3,255,000	–	40,175	–	1.86%	–
XLP	New	Sector Spdr Tr Con Stpls	$3,111,000	–	78,421	–	1.78%	–
XLI	New	Sector Spdr Indl Select	$3,024,000	–	70,921	–	1.73%	–
XLE	New	Sector Spdr Engy Select	$3,002,000	–	38,341	–	1.71%	–
VO	New	Vanguard Mid Cap	$2,967,000	–	31,186	–	1.69%	–
XLF	New	Sector Spdr Fincl Select	$2,796,000	–	143,804	–	1.60%	–
VEU	New	Vanguard Intl Eqty Index	$2,241,000	–	50,689	–	1.28%	–
IYF	New	Ishares Tr Dj US Finl	$1,806,000	–	25,246	–	1.03%	–
AAXJ	New	Ishares Msci All Country	$1,578,000	–	28,806	–	0.90%	–
IWB	New	Ishares Tr Russell	$1,336,000	–	14,855	–	0.76%	–
HALO	New	Halozyme Therapeutics	$1,153,000	–	145,000	–	0.66%	–
BIIB	New	Biogen Idec Inc	$1,126,000	–	5,232	–	0.64%	–
XLB	New	Sector Spdr Materials Fd	$1,005,000	–	26,212	–	0.57%	–
XLU	New	Sector Spdr Util Select	$956,000	–	25,393	–	0.55%	–
DSI	New	Ishares TRUST Msci	$620,000	–	10,275	–	0.35%	–
BSV	New	Vanguard Bond Index Fund	$507,000	–	6,336	–	0.29%	–
DLN	New	Wisdomtree Largecap Div	$250,000	–	4,177	–	0.14%	–
IMUC	New	Immunocellular Theraputc	$176,000	–	90,909	–	0.10%	–
CAMP	New	Calamp Corp	$161,000	–	11,000	–	0.09%	–
SZYM	New	Solazyme Inc	$141,000	–	12,000	–	0.08%	–
	New	Sandstorm Metls & Engy	$90,000	–	30,000	–	0.05%	–
EXK	New	Endeavour Silver Corp	$46,000	–	13,500	–	0.03%	–
CDYCF	New	Cardero Res Corp	$16,000	–	142,500	–	0.01%	–
AXU	New	Alexco Resource Corp	$14,000	–	12,500	–	0.01%	–
SGSVF	New	Sabina Gold & Silver	$12,000	–	13,000	–	0.01%	–
GPL	New	Great Panther Silver LTD	$8,000	–	10,000	–	0.01%	–
TASIF	New	Tasman Metals Ltd	$8,000	–	15,000	–	0.01%	–
CLGRF	New	Claude Resources Inc	$6,000	–	25,000	–	0.00%	–
KBXRF	New	Kimber Resources Inc	$6,000	–	65,000	–	0.00%	–
MMRF	New	Mmr Information Sys	$6,000	–	90,155	–	0.00%	–
BRD	New	Brigus Gold Corp	$5,000	–	10,000	–	0.00%	–
HUSIF	New	Huldra Silver	$3,000	–	50,000	–	0.00%	–

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