Arlington Capital Management, Inc. Activity Q4 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
ACWI	Buy	ISHARES TRmsci acwi etf	$21,397,652	+27.9%	231,652	+32.9%	22.42%	+54.3%
IAU	Sell	ISHARES GOLD TRishares new	$9,931,282	-4.1%	283,832	-0.3%	10.41%	+15.7%
VXZ	Buy	BARCLAYS BANK PLCipath b mid trm	$8,321,000	+44.1%	497,370	+52.9%	8.72%	+73.8%
TUR	Sell	ISHARES INCmsci turkey etf	$3,202,317	+22.0%	83,048	-10.6%	3.36%	+47.3%
PFF	New	ISHARES TRpfd and incm sec	$2,983,343	–	98,950	–	3.13%	–
MBB	Sell	ISHARES TRmbs etf	$2,845,951	-5.2%	32,049	-0.4%	2.98%	+14.4%
ARGT	Sell	GLOBAL X FDSgb msci ar etf	$2,831,564	-14.5%	68,594	-5.1%	2.97%	+3.2%
EPU	Sell	ISHARES TRmsci peru and gl	$2,504,340	-5.2%	82,980	-3.8%	2.62%	+14.3%
LQD	Sell	ISHARES TRiboxx inv cp etf	$2,458,232	-6.0%	24,096	-0.4%	2.58%	+13.4%
GREK	Sell	GLOBAL X FDSmsci greece etf	$2,357,481	-12.7%	70,944	-2.4%	2.47%	+5.4%
OII	Sell	OCEANEERING INTL INC	$1,809,273	+16.9%	70,345	-15.0%	1.90%	+41.1%
FTI	Sell	TECHNIPFMC PLC	$1,703,638	-1.9%	83,758	-19.8%	1.78%	+18.4%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$1,649,958	+16.0%	193,657	+0.1%	1.73%	+40.0%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,637,017	-1.5%	41,750	+2.1%	1.72%	+18.8%
YPF	Buy	YPF SOCIEDAD ANONIMAspon adr cl d	$1,545,693	+61.1%	126,179	+95.9%	1.62%	+94.5%
SCCO	Sell	SOUTHERN COPPER CORP	$1,535,914	+4.6%	20,400	-0.3%	1.61%	+26.3%
	Buy	BARCLAYS BANK PLCipth sr b s&p	$1,521,140	+10.0%	65,229	+17.9%	1.59%	+32.7%
TKC	Sell	TURKCELL ILETISIM HIZMETLERIspon adr new	$1,511,746	+25.8%	319,608	-5.1%	1.58%	+51.7%
EXAS	Buy	EXACT SCIENCES CORP	$1,330,358	-24.7%	19,501	+3.6%	1.39%	-9.2%
BGLD	Sell	FIRST TR EXCHANGE-TRADED FDcboe vest gld st	$1,266,028	-37.1%	66,563	-35.3%	1.33%	-24.1%
RIG	Sell	TRANSOCEAN LTD	$1,137,422	+14.7%	138,541	-2.0%	1.19%	+38.4%
GOOG	Sell	ALPHABET INCcap stk cl c	$1,122,703	+8.4%	8,515	-0.5%	1.18%	+30.9%
AAPL	Buy	APPLE INC	$1,117,766	-11.7%	6,529	+0.1%	1.17%	+6.6%
TBJL	Sell	INNOVATOR ETFS TRinvatr 20 pls 9	$1,069,162	-12.8%	57,454	-3.2%	1.12%	+5.2%
EFA	Buy	ISHARES TRmsci eafe etf	$1,039,231	-2.6%	15,079	+2.5%	1.09%	+17.6%
HLX	Sell	HELIX ENERGY SOLUTIONS GRP I	$994,085	+32.5%	88,996	-12.4%	1.04%	+59.8%
MSFT	Buy	MICROSOFT CORP	$939,481	+57.3%	2,975	+69.7%	0.98%	+89.8%
VOO	Buy	VANGUARD INDEX FDS	$697,926	+0.3%	1,777	+4.0%	0.73%	+20.8%
HMY	Buy	HARMONY GOLD MINING CO LTDsponsored adr	$666,791	-9.0%	177,338	+1.7%	0.70%	+9.9%
	Sell	INNOVATOR ETFS TRladerd alctn pwr	$558,413	-7.0%	14,891	-6.0%	0.58%	+12.1%
FFC	New	FLAHERTY & CRUMRINE PFD SECS	$458,969	–	35,387	–	0.48%	–
IBTE	Buy	ISHARES TRibonds 24 trm ts	$454,867	+0.3%	19,080	+0.1%	0.48%	+21.1%
SMCI	New	SUPER MICRO COMPUTER INC	$446,430	–	1,628	–	0.47%	–
BSCQ	New	INVESCO EXCH TRD SLF IDX FD	$446,057	–	23,745	–	0.47%	–
LMBS	Sell	FIRST TR EXCHANGE-TRADED FDfst low oppt eft	$444,292	-1.1%	9,405	-0.2%	0.47%	+19.5%
OXLC	Buy	OXFORD LANE CAP CORP	$443,531	+26.5%	88,884	+22.6%	0.46%	+52.5%
	Sell	FIRST TR EXCHANGE-TRADED FDlimited duration	$440,183	-2.2%	23,936	-1.0%	0.46%	+17.9%
BSJS	Buy	INVESCO EXCH TRD SLF IDX FDinvsco 28 hycorp	$437,700	+33.7%	21,258	+36.4%	0.46%	+61.6%
PICB	Buy	INVESCO EXCH TRADED FD TR IIintl corp bd	$428,314	-2.9%	20,592	+0.9%	0.45%	+17.2%
PHK	Sell	PIMCO HIGH INCOME FD	$415,798	-12.4%	94,072	-1.0%	0.44%	+5.8%
HFRO	Buy	HIGHLAND OPPORTUNITIES	$412,138	-10.0%	51,261	+1.1%	0.43%	+8.5%
JSMD	Buy	JANUS DETROIT STR TRhendersn sml etf	$386,435	-5.0%	6,613	+1.1%	0.40%	+14.7%
NVDA	Buy	NVIDIA CORPORATION	$382,619	+5.5%	880	+2.6%	0.40%	+27.3%
NJAN	Sell	INNOVATOR ETFS TRgrwt100 pwr bf	$356,678	-1.7%	8,790	-3.0%	0.37%	+18.7%
AMZN	Sell	AMAZON COM INC	$351,105	-3.4%	2,762	-0.9%	0.37%	+16.5%
FB	Sell	META PLATFORMS INCcl a	$332,332	+3.3%	1,107	-1.2%	0.35%	+24.7%
IJH	Sell	ISHARES TRcore s&p mcp etf	$321,911	-8.6%	1,291	-4.2%	0.34%	+10.1%
BSJP	New	INVESCO EXCH TRD SLF IDX FD	$310,606	–	13,817	–	0.32%	–
BSJQ	New	INVESCO EXCH TRD SLF IDX FDinvsco blsh 26	$308,900	–	13,650	–	0.32%	–
AGG	Sell	ISHARES TRcore us aggbd et	$293,809	-88.9%	3,124	-88.5%	0.31%	-86.6%
ABBV	Sell	ABBVIE INC	$292,456	+6.0%	1,962	-4.2%	0.31%	+27.5%
JHAA	Buy	NUVEEN CORPORATE INCOME 2023	$261,873	+2.9%	27,450	+0.9%	0.27%	+24.0%
NOCT	Sell	INNOVATOR ETFS TRgrwt100 pwr buf	$241,902	+0.0%	5,690	-2.1%	0.25%	+20.5%
BSMP	Buy	INVESCO EXCH TRD SLF IDX FD	$236,449	-0.8%	9,850	+0.7%	0.25%	+19.8%
CBH	Buy	VIRTUS CONVERTIBLE & INC 202	$227,701	+3.7%	25,934	+1.9%	0.24%	+25.1%
DBOC	Sell	INNOVATOR ETFS TRdouble stackr 9	$221,003	-1.2%	7,000	-2.7%	0.23%	+19.6%
MUA	New	BLACKROCK MUNIASSETS FD INC	$218,448	–	24,272	–	0.23%	–
MRNA	New	MODERNA INC	$218,458	–	2,115	–	0.23%	–
DBJA	Sell	INNOVATOR ETFS TRdouble stackr 9	$216,675	-0.0%	7,574	-1.1%	0.23%	+20.7%
	Buy	RIVERNORTH MANAGED DUR MUN I	$214,231	-8.9%	14,929	+1.8%	0.22%	+10.3%
PML	Buy	PIMCO MUN INCOME FD II	$188,059	-14.6%	24,455	+0.4%	0.20%	+3.1%
DMO	Sell	WESTERN ASSET MTG DEFINED OP	$147,862	+0.2%	13,806	-1.0%	0.16%	+21.1%
CIF	Buy	MFS INTER HIGH INCOME FDsh ben int	$129,743	-3.2%	82,639	+0.5%	0.14%	+17.2%
EDF	Sell	VIRTUS STONE HBR EMRG MKTS I	$109,625	-2.6%	24,802	-0.6%	0.12%	+17.3%
HTY	New	HANCOCK JOHN INVT TRtax adv glb sh	$109,239	–	24,827	–	0.11%	–
JPS	Buy	NUVEEN PFD & INCOME SECS FD	$101,503	-1.9%	16,451	+1.5%	0.11%	+17.8%
PGP	Buy	PIMCO GLOBAL STOCKSPLS INCM	$100,333	-7.2%	15,156	+1.0%	0.10%	+11.7%
NCZ	Buy	VIRTUS CONVERTIBLE & INC FD	$97,889	-10.7%	35,467	+0.7%	0.10%	+8.4%
NBH	Exit	NEUBERGER BERMAN MUN FD INC	$0	–	-10,940	–	-0.10%	–
CXE	Exit	MFS HIGH INCOME MUN TRsh ben int	$0	–	-32,794	–	-0.10%	–
BBDC	Exit	BARINGS BDC INC	$0	–	-15,133	–	-0.10%	–
EDI	Exit	VIRTUS STONE HBR EMG MKTS TO	$0	–	-24,279	–	-0.11%	–
IJAN	Exit	INNOVATOR ETFS TRintrnl dev jan	$0	–	-6,878	–	-0.17%	–
	Exit	INNOVATOR ETFS TRinternational dv	$0	–	-7,844	–	-0.18%	–
IJUL	Exit	INNOVATOR ETFS TRintrnl dev july	$0	–	-7,871	–	-0.18%	–
ETX	Exit	EATON VANCE MUN INCOME 2028	$0	–	-12,626	–	-0.19%	–
BFK	Exit	BLACKROCK MUN INCOME TRsh ben int	$0	–	-23,614	–	-0.20%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,003	–	-0.21%	–
BNDX	Exit	VANGUARD CHARLOTTE FDStotal int bd etf	$0	–	-5,113	–	-0.22%	–
BSJO	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-14,795	–	-0.29%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-914	–	-0.29%	–
EJUL	Exit	INNOVATOR ETFS TRemrgng mkt july	$0	–	-15,386	–	-0.31%	–
	Exit	INNOVATOR ETFS TRemerging mkt pwr	$0	–	-15,299	–	-0.31%	–
EAPR	Exit	INNOVATOR ETFS TRemrgng mkt april	$0	–	-14,611	–	-0.31%	–
EJAN	Exit	INNOVATOR ETFS TRemrgng mkt jan	$0	–	-12,704	–	-0.31%	–
BSJN	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-18,370	–	-0.38%	–
BSCT	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-24,740	–	-0.39%	–
BSCR	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-23,442	–	-0.39%	–
PCN	Exit	PIMCO CORPORATE & INCM STRG	$0	–	-35,895	–	-0.41%	–
EFV	Exit	ISHARES TReafe value etf	$0	–	-13,330	–	-0.57%	–
HL	Exit	HECLA MNG CO	$0	–	-136,175	–	-0.61%	–
EEMA	Exit	ISHARES INCmsci em asia etf	$0	–	-12,564	–	-0.72%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-8,248	–	-0.77%	–
PAAS	Exit	PAN AMERN SILVER CORP	$0	–	-88,986	–	-1.13%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-26,685	–	-1.16%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-36,489	–	-1.20%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-18,831	–	-1.26%	–
SIL	Exit	GLOBAL X FDSglobal x silver	$0	–	-69,250	–	-1.56%	–
SILJ	Exit	ETF MANAGERS TRprime junir slvr	$0	–	-283,167	–	-2.31%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-73,697	–	-2.56%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-28,688	–	-2.56%	–
PICK	Exit	ISHARES INCmsci gbl etf new	$0	–	-118,198	–	-4.15%	–

Q2 2023

			Value		Shares		↓ Weighting
ACWI	New	ISHARES TRmsci acwi etf	$16,727,286	–	174,352	–	14.53%	–
IAU	New	ISHARES GOLD TRishares new	$10,358,486	–	284,652	–	9.00%	–
VXZ	New	BARCLAYS BANK PLCipath b mid trm	$5,775,637	–	325,388	–	5.02%	–
PICK	New	ISHARES INCmsci gbl etf new	$4,782,294	–	118,198	–	4.15%	–
ARGT	New	GLOBAL X FDSgb msci ar etf	$3,309,848	–	72,299	–	2.88%	–
MBB	New	ISHARES TRmbs etf	$3,000,802	–	32,175	–	2.61%	–
TLT	New	ISHARES TR20 yr tr bd etf	$2,953,143	–	28,688	–	2.56%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,947,867	–	73,697	–	2.56%	–
GREK	New	GLOBAL X FDSmsci greece etf	$2,699,982	–	72,717	–	2.34%	–
SILJ	New	ETF MANAGERS TRprime junir slvr	$2,656,109	–	283,167	–	2.31%	–
AGG	New	ISHARES TRcore us aggbd et	$2,655,914	–	27,115	–	2.31%	–
EPU	New	ISHARES TRmsci peru and gl	$2,642,739	–	86,223	–	2.30%	–
TUR	New	ISHARES INCmsci turkey etf	$2,624,358	–	92,898	–	2.28%	–
LQD	New	ISHARES TRiboxx inv cp etf	$2,615,489	–	24,186	–	2.27%	–
BGLD	New	FIRST TR EXCHANGE-TRADED FDcboe vest gld st	$2,014,222	–	102,811	–	1.75%	–
SIL	New	GLOBAL X FDSglobal x silver	$1,799,805	–	69,250	–	1.56%	–
EXAS	New	EXACT SCIENCES CORP	$1,767,386	–	18,822	–	1.54%	–
FTI	New	TECHNIPFMC PLC	$1,735,793	–	104,440	–	1.51%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,662,782	–	40,875	–	1.44%	–
OII	New	OCEANEERING INTL INC	$1,547,911	–	82,776	–	1.34%	–
SCCO	New	SOUTHERN COPPER CORP	$1,467,920	–	20,462	–	1.28%	–
GILD	New	GILEAD SCIENCES INC	$1,451,281	–	18,831	–	1.26%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$1,421,997	–	193,469	–	1.24%	–
GMAB	New	GENMAB A/Ssponsored ads	$1,386,947	–	36,489	–	1.20%	–
	New	BARCLAYS BANK PLCipth sr b s&p	$1,383,300	–	55,332	–	1.20%	–
AEM	New	AGNICO EAGLE MINES LTD	$1,333,718	–	26,685	–	1.16%	–
PAAS	New	PAN AMERN SILVER CORP	$1,297,421	–	88,986	–	1.13%	–
AAPL	New	APPLE INC	$1,265,481	–	6,524	–	1.10%	–
TBJL	New	INNOVATOR ETFS TRinvatr 20 pls 9	$1,225,761	–	59,329	–	1.06%	–
TKC	New	TURKCELL ILETISIM HIZMETLERIspon adr new	$1,201,923	–	336,673	–	1.04%	–
EFA	New	ISHARES TRmsci eafe etf	$1,066,534	–	14,711	–	0.93%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,035,503	–	8,560	–	0.90%	–
RIG	New	TRANSOCEAN LTD	$991,277	–	141,409	–	0.86%	–
YPF	New	YPF SOCIEDAD ANONIMAspon adr cl d	$959,288	–	64,425	–	0.83%	–
TIP	New	ISHARES TRtips bd etf	$887,650	–	8,248	–	0.77%	–
EEMA	New	ISHARES INCmsci em asia etf	$825,555	–	12,564	–	0.72%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$750,081	–	101,637	–	0.65%	–
HMY	New	HARMONY GOLD MINING CO LTDsponsored adr	$732,598	–	174,428	–	0.64%	–
HL	New	HECLA MNG CO	$701,300	–	136,175	–	0.61%	–
VOO	New	VANGUARD INDEX FDS	$696,042	–	1,709	–	0.60%	–
EFV	New	ISHARES TReafe value etf	$652,395	–	13,330	–	0.57%	–
	New	INNOVATOR ETFS TRladerd alctn pwr	$600,412	–	15,842	–	0.52%	–
MSFT	New	MICROSOFT CORP	$597,101	–	1,753	–	0.52%	–
PHK	New	PIMCO HIGH INCOME FD	$474,900	–	94,980	–	0.41%	–
PCN	New	PIMCO CORPORATE & INCM STRG	$470,583	–	35,895	–	0.41%	–
HFRO	New	HIGHLAND OPPORTUNITIES	$457,848	–	50,703	–	0.40%	–
IBTE	New	ISHARES TRibonds 24 trm ts	$453,699	–	19,063	–	0.39%	–
	New	FIRST TR EXCHANGE-TRADED FDlimited duration	$450,194	–	24,178	–	0.39%	–
LMBS	New	FIRST TR EXCHANGE-TRADED FDfst low oppt eft	$449,051	–	9,420	–	0.39%	–
BSCR	New	INVESCO EXCH TRD SLF IDX FD	$445,996	–	23,442	–	0.39%	–
BSCT	New	INVESCO EXCH TRD SLF IDX FD	$443,967	–	24,740	–	0.39%	–
PICB	New	INVESCO EXCH TRADED FD TR IIintl corp bd	$441,274	–	20,401	–	0.38%	–
BSJN	New	INVESCO EXCH TRD SLF IDX FD	$431,879	–	18,370	–	0.38%	–
JSMD	New	JANUS DETROIT STR TRhendersn sml etf	$406,651	–	6,542	–	0.35%	–
AMZN	New	AMAZON COM INC	$363,444	–	2,788	–	0.32%	–
NJAN	New	INNOVATOR ETFS TRgrwt100 pwr bf	$362,704	–	9,061	–	0.32%	–
NVDA	New	NVIDIA CORPORATION	$362,757	–	858	–	0.32%	–
EJAN	New	INNOVATOR ETFS TRemrgng mkt jan	$360,512	–	12,704	–	0.31%	–
EAPR	New	INNOVATOR ETFS TRemrgng mkt april	$359,866	–	14,611	–	0.31%	–
	New	INNOVATOR ETFS TRemerging mkt pwr	$359,300	–	15,299	–	0.31%	–
EJUL	New	INNOVATOR ETFS TRemrgng mkt july	$354,647	–	15,386	–	0.31%	–
IJH	New	ISHARES TRcore s&p mcp etf	$352,214	–	1,347	–	0.31%	–
OXLC	New	OXFORD LANE CAP CORP	$350,755	–	72,470	–	0.30%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$337,676	–	914	–	0.29%	–
BSJO	New	INVESCO EXCH TRD SLF IDX FD	$332,592	–	14,795	–	0.29%	–
AMD	New	ADVANCED MICRO DEVICES INC	$332,162	–	2,916	–	0.29%	–
BSJS	New	INVESCO EXCH TRD SLF IDX FDinvsco 28 hycorp	$327,270	–	15,588	–	0.28%	–
FB	New	META PLATFORMS INCcl a	$321,705	–	1,121	–	0.28%	–
ABBV	New	ABBVIE INC	$275,792	–	2,047	–	0.24%	–
JHAA	New	NUVEEN CORPORATE INCOME 2023	$254,376	–	27,206	–	0.22%	–
BNDX	New	VANGUARD CHARLOTTE FDStotal int bd etf	$249,923	–	5,113	–	0.22%	–
NOCT	New	INNOVATOR ETFS TRgrwt100 pwr buf	$241,852	–	5,811	–	0.21%	–
BSMP	New	INVESCO EXCH TRD SLF IDX FD	$238,265	–	9,785	–	0.21%	–
QCOM	New	QUALCOMM INC	$238,434	–	2,003	–	0.21%	–
	New	RIVERNORTH MANAGED DUR MUN I	$235,130	–	14,659	–	0.20%	–
BFK	New	BLACKROCK MUN INCOME TRsh ben int	$234,723	–	23,614	–	0.20%	–
EWW	New	ISHARES INCmsci mexico etf	$226,771	–	3,647	–	0.20%	–
DBOC	New	INNOVATOR ETFS TRdouble stackr 9	$223,718	–	7,196	–	0.19%	–
ETX	New	EATON VANCE MUN INCOME 2028	$221,965	–	12,626	–	0.19%	–
CBH	New	VIRTUS CONVERTIBLE & INC 202	$219,474	–	25,461	–	0.19%	–
PML	New	PIMCO MUN INCOME FD II	$220,214	–	24,360	–	0.19%	–
DBJA	New	INNOVATOR ETFS TRdouble stackr 9	$216,731	–	7,661	–	0.19%	–
IJUL	New	INNOVATOR ETFS TRintrnl dev july	$206,766	–	7,871	–	0.18%	–
	New	INNOVATOR ETFS TRinternational dv	$204,533	–	7,844	–	0.18%	–
IJAN	New	INNOVATOR ETFS TRintrnl dev jan	$200,358	–	6,878	–	0.17%	–
DMO	New	WESTERN ASSET MTG DEFINED OP	$147,559	–	13,947	–	0.13%	–
CIF	New	MFS INTER HIGH INCOME FDsh ben int	$134,061	–	82,246	–	0.12%	–
EDI	New	VIRTUS STONE HBR EMG MKTS TO	$125,522	–	24,279	–	0.11%	–
BBDC	New	BARINGS BDC INC	$118,643	–	15,133	–	0.10%	–
CXE	New	MFS HIGH INCOME MUN TRsh ben int	$114,123	–	32,794	–	0.10%	–
NBH	New	NEUBERGER BERMAN MUN FD INC	$112,463	–	10,940	–	0.10%	–
EDF	New	VIRTUS STONE HBR EMRG MKTS I	$112,547	–	24,955	–	0.10%	–
NCZ	New	VIRTUS CONVERTIBLE & INC FD	$109,578	–	35,234	–	0.10%	–
PGP	New	PIMCO GLOBAL STOCKSPLS INCM	$108,065	–	15,009	–	0.09%	–
JPS	New	NUVEEN PFD & INCOME SECS FD	$103,445	–	16,214	–	0.09%	–
INO	New	INOVIO PHARMACEUTICALS INC	$12,384	–	27,735	–	0.01%	–
NGD	New	NEW GOLD INC CDA	$10,961	–	10,149	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
NAK	Exit	NORTHERN DYNASTY MINERALS LT	$0	–	-18,300	–	-0.01%	–
GLDG	Exit	GOLDMINING INC	$0	–	-10,000	–	-0.02%	–
	Exit	TRX GOLD CORPORATION	$0	–	-30,000	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-1,868	–	-0.62%	–
TBJL	Exit	INNOVATOR ETFS TRinvatr 20 pls 9	$0	–	-24,241	–	-1.16%	–
VRIG	Exit	INVESCO ACTIVELY MANAGED ETFvar rate invt	$0	–	-30,708	–	-1.86%	–
VIXY	Exit	PROSHARES TR IIvix sh trm futrs	$0	–	-100,542	–	-4.23%	–
KMLM	Exit	KRANESHARES TRkfa mount lucas	$0	–	-55,314	–	-5.22%	–
VXZ	Exit	BARCLAYS BANK PLCipath b mid trm	$0	–	-99,951	–	-7.38%	–
CHAD	Exit	DIREXION SHS ETF TRcsi300 china1x	$0	–	-173,384	–	-9.36%	–
YXI	Exit	PROSHARES TRsht ftse chin 50	$0	–	-191,973	–	-9.63%	–
EUM	Exit	PROSHARES TR	$0	–	-232,523	–	-9.70%	–
EFZ	Exit	PROSHARES TR	$0	–	-168,423	–	-9.80%	–
	Exit	SIMPLIFY EXCHANGE TRADED FUNmanaged futures	$0	–	-141,651	–	-10.22%	–
BTAL	Exit	AGF INVTS TRagfiq us mk anti	$0	–	-209,143	–	-10.46%	–
CCOR	Exit	LISTED FD TRcore alt fd	$0	–	-278,044	–	-20.31%	–

Q3 2022

			Value		Shares		↓ Weighting
CCOR	New	LISTED FD TRcore alt fd	$8,259,000	–	278,044	–	20.31%	–
BTAL	New	AGF INVTS TRagfiq us mk anti	$4,252,000	–	209,143	–	10.46%	–
	New	SIMPLIFY EXCHANGE TRADED FUNmanaged futures	$4,155,000	–	141,651	–	10.22%	–
EFZ	New	PROSHARES TR	$3,987,000	–	168,423	–	9.80%	–
EUM	New	PROSHARES TR	$3,944,000	–	232,523	–	9.70%	–
YXI	New	PROSHARES TRsht ftse chin 50	$3,916,000	–	191,973	–	9.63%	–
CHAD	New	DIREXION SHS ETF TRcsi300 china1x	$3,808,000	–	173,384	–	9.36%	–
VXZ	New	BARCLAYS BANK PLCipath b mid trm	$3,003,000	–	99,951	–	7.38%	–
KMLM	New	KRANESHARES TRkfa mount lucas	$2,122,000	–	55,314	–	5.22%	–
VIXY	New	PROSHARES TR IIvix sh trm futrs	$1,719,000	–	100,542	–	4.23%	–
VRIG	New	INVESCO ACTIVELY MANAGED ETFvar rate invt	$756,000	–	30,708	–	1.86%	–
TBJL	Sell	INNOVATOR ETFS TRinvatr 20 pls 9	$474,000	-54.2%	24,241	-50.4%	1.16%	-87.6%
ABBV	New	ABBVIE INC	$251,000	–	1,868	–	0.62%	–
	New	TRX GOLD CORPORATION	$12,000	–	30,000	–	0.03%	–
GLDG	New	GOLDMINING INC	$8,000	–	10,000	–	0.02%	–
NAK	New	NORTHERN DYNASTY MINERALS LT	$4,000	–	18,300	–	0.01%	–
BALT	Exit	INNOVATOR ETFS TRdefined wlt shld	$0	–	-386,211	–	-90.60%	–

Q2 2022

			Value		Shares		↓ Weighting
BALT	New	INNOVATOR ETFS TRdefined wlt shld	$9,976,000	–	386,211	–	90.60%	–
TBJL	New	INNOVATOR ETFS TRinvatr 20 pls 9	$1,035,000	–	48,862	–	9.40%	–

Q4 2021

			Value		Shares		↓ Weighting
JEMD	Exit	NUVEEN EMERGING MKTS DEBT 20	$0	–	-12,582	–	-0.19%	–
MVF	Exit	BLACKROCK MUNIVEST FD INC	$0	–	-13,826	–	-0.24%	–
IO	Exit	ION GEOPHYSICAL CORP	$0	–	-132,080	–	-0.33%	–
FPL	Exit	FST TR NEW OPPORT MLP & ENE	$0	–	-32,910	–	-0.35%	–
DBA	Exit	INVESCO DB MULTI-SECTOR COMMagriculture fd	$0	–	-11,261	–	-0.40%	–
WMT	Exit	WALMART INC	$0	–	-1,560	–	-0.41%	–
HFRO	Exit	HIGHLAND INCOME FD	$0	–	-21,944	–	-0.44%	–
NTG	Exit	TORTOISE MIDSTRM ENERGY FD I	$0	–	-8,469	–	-0.46%	–
RPM	Exit	RPM INTL INC	$0	–	-3,751	–	-0.54%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-6,127	–	-0.57%	–
VTWV	Exit	VANGUARD SCOTTSDALE FDSvng rus2000val	$0	–	-2,246	–	-0.59%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-46,739	–	-0.66%	–
TYG	Exit	TORTOISE ENERGY INFRA CORP	$0	–	-13,551	–	-0.69%	–
PSX	Exit	PHILLIPS 66	$0	–	-5,861	–	-0.77%	–
NML	Exit	NEUBERGER BERMAN MLP & ENERG	$0	–	-88,417	–	-0.82%	–
HAL	Exit	HALLIBURTON CO	$0	–	-20,267	–	-0.82%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-7,509	–	-0.83%	–
NCV	Exit	VIRTUS ALLIANZGI CONVERTIBLE	$0	–	-76,098	–	-0.85%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-15,319	–	-0.85%	–
PHK	Exit	PIMCO HIGH INCOME FD	$0	–	-73,878	–	-0.87%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-58,076	–	-0.87%	–
EOG	Exit	EOG RES INC	$0	–	-6,319	–	-0.95%	–
JETS	Exit	ETF SER SOLUTIONSus glb jets	$0	–	-22,639	–	-1.00%	–
BGIO	Exit	BLACKROCK 2022 GBL INCM OPP	$0	–	-106,792	–	-1.04%	–
TSOC	Exit	INNOVATOR ETFS TRtriple stker oct	$0	–	-24,602	–	-1.40%	–
DBOC	Exit	INNOVATOR ETFS TRdouble stackr 9	$0	–	-26,288	–	-1.43%	–
TWM	Exit	PROSHARES TRultsht russ2000	$0	–	-58,555	–	-1.53%	–
KOCT	Exit	INNOVATOR ETFS TRus sml cp pwr b	$0	–	-30,706	–	-1.55%	–
PAVE	Exit	GLOBAL X FDSus infr dev etf	$0	–	-33,944	–	-1.61%	–
KJAN	Exit	INNOVATOR ETFS TRus sml cp pwr b	$0	–	-36,979	–	-2.15%	–
DBJA	Exit	INNOVATOR ETFS TRdouble stackr 9	$0	–	-43,086	–	-2.23%	–
CRAK	Exit	VANECK ETF TRUSToil refiners etf	$0	–	-40,830	–	-2.23%	–
OIH	Exit	VANECK ETF TRUSToil services etf	$0	–	-6,069	–	-2.24%	–
BUFR	Exit	FIRST TR EXCHNG TRADED FD VIcboe vest us eq	$0	–	-53,007	–	-2.28%	–
EUFN	Exit	ISHARES TRmsci euro fl etf	$0	–	-65,603	–	-2.41%	–
FIV	Exit	FIRST TR SR FLOATING RATE 20	$0	–	-136,172	–	-2.45%	–
XOP	Exit	SPDR SER TRs&p oilgas exp	$0	–	-14,681	–	-2.65%	–
JHB	Exit	NUVEEN CORPORATE INCM NOVEME	$0	–	-153,401	–	-2.69%	–
BNOV	Exit	INNOVATOR ETFS TRus eqty buf nov	$0	–	-49,236	–	-2.95%	–
FNOV	Exit	FIRST TR EXCHNG TRADED FD VIcboe eqt bufer	$0	–	-42,949	–	-3.06%	–
BDEC	Exit	INNOVATOR ETFS TRus eqty buf dec	$0	–	-48,956	–	-3.06%	–
BALT	Exit	INNOVATOR ETFS TRdefined wlt shld	$0	–	-63,599	–	-3.07%	–
EJAN	Exit	INNOVATOR ETFS TRemrgng mkt jan	$0	–	-55,562	–	-3.11%	–
KAPR	Exit	INNOVATOR ETFS TRus sml cp pwr et	$0	–	-61,931	–	-3.15%	–
PSQ	Exit	PROSHARES TRshort qqq new	$0	–	-138,608	–	-3.16%	–
VIXM	Exit	PROSHARES TR IIvix mdtrm futr n	$0	–	-52,530	–	-3.17%	–
IBUY	Exit	AMPLIFY ETF TRonlin retl etf	$0	–	-15,657	–	-3.20%	–
VIXY	Exit	PROSHARES TR IIvix sh trm futrs	$0	–	-75,449	–	-3.22%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-27,653	–	-4.09%	–
KBE	Exit	SPDR SER TRs&p bk etf	$0	–	-46,452	–	-4.60%	–
RTH	Exit	VANECK ETF TRUSTretail etf	$0	–	-15,433	–	-5.04%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-344,978	–	-10.76%	–

Q3 2021

			Value		Shares		↓ Weighting
TBF	Buy	PROSHARES TRshrt 20+yr tre	$5,754,000	+56.1%	344,978	+58.0%	10.76%	+45.4%
RTH	Sell	VANECK ETF TRUSTretail etf	$2,699,000	-7.3%	15,433	-6.9%	5.04%	-13.6%
KBE	Buy	SPDR SER TRs&p bk etf	$2,458,000	+410.0%	46,452	+395.0%	4.60%	+375.2%
XLB	Buy	SELECT SECTOR SPDR TRsbi materials	$2,188,000	+92.1%	27,653	+99.9%	4.09%	+79.1%
VIXY	Buy	PROSHARES TR IIvix sh trm futrs	$1,720,000	+78.4%	75,449	+88.5%	3.22%	+66.3%
IBUY	Sell	AMPLIFY ETF TRonlin retl etf	$1,711,000	-19.7%	15,657	-4.8%	3.20%	-25.2%
VIXM	Buy	PROSHARES TR IIvix mdtrm futr n	$1,697,000	+128.4%	52,530	+115.8%	3.17%	+112.9%
PSQ	Buy	PROSHARES TRshort qqq new	$1,690,000	+107.4%	138,608	+110.7%	3.16%	+93.2%
KAPR	Buy	INNOVATOR ETFS TRus sml cp pwr et	$1,685,000	+5.3%	61,931	+7.1%	3.15%	-1.8%
EJAN	Buy	INNOVATOR ETFS TRemrgng mkt jan	$1,662,000	+3.9%	55,562	+7.9%	3.11%	-3.1%
BALT	New	INNOVATOR ETFS TRdefined wlt shld	$1,642,000	–	63,599	–	3.07%	–
BDEC	New	INNOVATOR ETFS TRus eqty buf dec	$1,639,000	–	48,956	–	3.06%	–
FNOV	New	FIRST TR EXCHNG TRADED FD VIcboe eqt bufer	$1,635,000	–	42,949	–	3.06%	–
BNOV	New	INNOVATOR ETFS TRus eqty buf nov	$1,579,000	–	49,236	–	2.95%	–
JHB	Buy	NUVEEN CORPORATE INCM NOVEME	$1,439,000	+11.1%	153,401	+11.6%	2.69%	+3.6%
XOP	Sell	SPDR SER TRs&p oilgas exp	$1,420,000	-3.6%	14,681	-3.6%	2.65%	-10.2%
FIV	Buy	FIRST TR SR FLOATING RATE 20	$1,313,000	+32.2%	136,172	+30.6%	2.45%	+23.2%
EUFN	Buy	ISHARES TRmsci euro fl etf	$1,287,000	+46.6%	65,603	+46.1%	2.41%	+36.6%
BUFR	Buy	FIRST TR EXCHNG TRADED FD VIcboe vest us eq	$1,217,000	+34.8%	53,007	+34.6%	2.28%	+25.6%
OIH	Buy	VANECK ETF TRUSToil services etf	$1,196,000	+144.6%	6,069	+171.5%	2.24%	+127.9%
DBJA	New	INNOVATOR ETFS TRdouble stackr 9	$1,193,000	–	43,086	–	2.23%	–
CRAK	Buy	VANECK ETF TRUSToil refiners etf	$1,193,000	+219.8%	40,830	+222.8%	2.23%	+198.1%
KJAN	Sell	INNOVATOR ETFS TRus sml cp pwr b	$1,151,000	-10.8%	36,979	-10.5%	2.15%	-16.8%
PAVE	Sell	GLOBAL X FDSus infr dev etf	$863,000	-4.1%	33,944	-2.9%	1.61%	-10.6%
KOCT	Buy	INNOVATOR ETFS TRus sml cp pwr b	$828,000	+3.6%	30,706	+3.0%	1.55%	-3.4%
TWM	Buy	PROSHARES TRultsht russ2000	$820,000	+7.9%	58,555	+2.1%	1.53%	+0.6%
DBOC	Sell	INNOVATOR ETFS TRdouble stackr 9	$763,000	-7.4%	26,288	-8.3%	1.43%	-13.7%
TSOC	Sell	INNOVATOR ETFS TRtriple stker oct	$751,000	-6.4%	24,602	-6.9%	1.40%	-12.7%
BGIO	New	BLACKROCK 2022 GBL INCM OPP	$557,000	–	106,792	–	1.04%	–
JETS	Sell	ETF SER SOLUTIONSus glb jets	$535,000	-7.0%	22,639	-4.8%	1.00%	-13.3%
EOG	New	EOG RES INC	$507,000	–	6,319	–	0.95%	–
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$465,000	+52.0%	58,076	+68.5%	0.87%	+41.5%
PHK	Buy	PIMCO HIGH INCOME FD	$464,000	+1.8%	73,878	+10.7%	0.87%	-5.2%
SLB	New	SCHLUMBERGER LTD	$454,000	–	15,319	–	0.85%	–
NCV	Sell	VIRTUS ALLIANZGI CONVERTIBLE	$454,000	-12.5%	76,098	-9.9%	0.85%	-18.4%
XOM	Buy	EXXON MOBIL CORP	$442,000	+10.0%	7,509	+18.0%	0.83%	+2.5%
HAL	Buy	HALLIBURTON CO	$438,000	+110.6%	20,267	+125.4%	0.82%	+96.4%
NML	Sell	NEUBERGER BERMAN MLP & ENERG	$436,000	-10.1%	88,417	-8.9%	0.82%	-16.2%
PSX	New	PHILLIPS 66	$410,000	–	5,861	–	0.77%	–
TYG	Buy	TORTOISE ENERGY INFRA CORP	$367,000	+0.8%	13,551	+7.2%	0.69%	-6.0%
FTI	Buy	TECHNIPFMC PLC	$352,000	+175.0%	46,739	+231.2%	0.66%	+156.0%
VTWV	Sell	VANGUARD SCOTTSDALE FDSvng rus2000val	$316,000	-19.6%	2,246	-16.9%	0.59%	-25.0%
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$306,000	–	6,127	–	0.57%	–
RPM	New	RPM INTL INC	$291,000	–	3,751	–	0.54%	–
NTG	Buy	TORTOISE MIDSTRM ENERGY FD I	$245,000	+7.9%	8,469	+11.8%	0.46%	+0.7%
HFRO	New	HIGHLAND INCOME FD	$236,000	–	21,944	–	0.44%	–
WMT	New	WALMART INC	$217,000	–	1,560	–	0.41%	–
DBA	Sell	INVESCO DB MULTI-SECTOR COMMagriculture fd	$215,000	-8.1%	11,261	-10.5%	0.40%	-14.3%
FPL	Sell	FST TR NEW OPPORT MLP & ENE	$187,000	-12.2%	32,910	-8.9%	0.35%	-18.0%
IO	New	ION GEOPHYSICAL CORP	$176,000	–	132,080	–	0.33%	–
MVF	Sell	BLACKROCK MUNIVEST FD INC	$131,000	-9.0%	13,826	-7.6%	0.24%	-15.2%
JEMD	Sell	NUVEEN EMERGING MKTS DEBT 20	$101,000	-11.4%	12,582	-10.3%	0.19%	-17.5%
MMU	Exit	WESTERN ASSET MANAGED MUNS F	$0	–	-10,022	–	-0.27%	–
NID	Exit	NUVEEN INTER DURATION MUN TE	$0	–	-10,405	–	-0.31%	–
RCS	Exit	PIMCO STRATEGIC INCOME FD	$0	–	-27,850	–	-0.42%	–
PCG	Exit	PG&E CORP	$0	–	-21,554	–	-0.44%	–
ABT	Exit	ABBOTT LABS	$0	–	-2,177	–	-0.50%	–
STKL	Exit	SUNOPTA INC	$0	–	-21,291	–	-0.52%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,457	–	-0.56%	–
CVNA	Exit	CARVANA COcl a	$0	–	-941	–	-0.57%	–
CGC	Exit	CANOPY GROWTH CORP	$0	–	-12,014	–	-0.58%	–
GRVY	Exit	GRAVITY CO LTDsponsored ads ne	$0	–	-4,207	–	-0.92%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-3,742	–	-0.95%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,533	–	-1.01%	–
VXX	Exit	BARCLAYS BANK PLCipth sr b s&p	$0	–	-22,570	–	-1.33%	–
BJUL	Exit	INNOVATOR ETFS TRs&p 500 buffer	$0	–	-23,622	–	-1.49%	–
QID	Exit	PROSHARES TRultshrt qqq	$0	–	-38,823	–	-1.61%	–
ESPO	Exit	VANECK VECTORS ETF TRvideo gaming	$0	–	-13,558	–	-1.97%	–
KJUL	Exit	INNOVATOR ETFS TRrussell 2000 pwr	$0	–	-44,619	–	-2.38%	–
MJ	Exit	ETF MANAGERS TRetfmg altr hrvst	$0	–	-90,644	–	-3.74%	–
ICLN	Exit	ISHARES TRgl clean ene etf	$0	–	-93,258	–	-4.39%	–
NJUL	Exit	INNOVATOR ETFS TRnasdaq 100 pwer	$0	–	-114,669	–	-10.60%	–

Q2 2021

			Value		Shares		↓ Weighting
NJUL	New	INNOVATOR ETFS TRnasdaq 100 pwer	$5,287,000	–	114,669	–	10.60%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$3,687,000	–	218,402	–	7.40%	–
RTH	New	VANECK VECTORS ETF TRretail etf	$2,911,000	–	16,577	–	5.84%	–
ICLN	New	ISHARES TRgl clean ene etf	$2,188,000	–	93,258	–	4.39%	–
IBUY	New	AMPLIFY ETF TRonlin retl etf	$2,132,000	–	16,440	–	4.28%	–
MJ	New	ETF MANAGERS TRetfmg altr hrvst	$1,865,000	–	90,644	–	3.74%	–
KAPR	New	INNOVATOR ETFS TRrussell 2000 pwr	$1,600,000	–	57,836	–	3.21%	–
EJAN	New	INNOVATOR ETFS TRmsci emgr mkt	$1,599,000	–	51,504	–	3.21%	–
XOP	New	SPDR SER TRs&p oilgas exp	$1,473,000	–	15,230	–	2.95%	–
JHB	New	NUVEEN CORPORATE INCM NOVEME	$1,295,000	–	137,459	–	2.60%	–
KJAN	New	INNOVATOR ETFS TRrussell 2000 p	$1,290,000	–	41,321	–	2.59%	–
KJUL	New	INNOVATOR ETFS TRrussell 2000 pwr	$1,187,000	–	44,619	–	2.38%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$1,139,000	–	13,833	–	2.28%	–
FIV	New	FIRST TR SR FLOATING RATE 20	$993,000	–	104,292	–	1.99%	–
ESPO	New	VANECK VECTORS ETF TRvideo gaming	$984,000	–	13,558	–	1.97%	–
VIXY	New	PROSHARES TR IIvix sh trm futrs	$964,000	–	40,031	–	1.93%	–
BUFR	New	FIRST TR EXCHNG TRADED FD VIcboe vest us eq	$903,000	–	39,370	–	1.81%	–
PAVE	New	GLOBAL X FDSus infr dev etf	$900,000	–	34,955	–	1.80%	–
EUFN	New	ISHARES TRmsci euro fl etf	$878,000	–	44,908	–	1.76%	–
DBOC	New	INNOVATOR ETFS TRdouble stackr 9	$824,000	–	28,676	–	1.65%	–
PSQ	New	PROSHARES TRshort qqq new	$815,000	–	65,775	–	1.64%	–
TSOC	New	INNOVATOR ETFS TRtriple stker oct	$802,000	–	26,428	–	1.61%	–
QID	New	PROSHARES TRultshrt qqq	$801,000	–	38,823	–	1.61%	–
KOCT	New	INNOVATOR ETFS TRrussell 2000 p	$799,000	–	29,823	–	1.60%	–
TWM	New	PROSHARES TRultsht russ2000	$760,000	–	57,337	–	1.52%	–
VIXM	New	PROSHARES TR IIvix mdtrm futr n	$743,000	–	24,337	–	1.49%	–
BJUL	New	INNOVATOR ETFS TRs&p 500 buffer	$742,000	–	23,622	–	1.49%	–
VXX	New	BARCLAYS BANK PLCipth sr b s&p	$665,000	–	22,570	–	1.33%	–
JETS	New	ETF SER SOLUTIONSus glb jets	$575,000	–	23,791	–	1.15%	–
NCV	New	VIRTUS ALLIANZGI CONVERTIBLE	$519,000	–	84,455	–	1.04%	–
QCOM	New	QUALCOMM INC	$505,000	–	3,533	–	1.01%	–
OIH	New	VANECK VECTORS ETF TRoil svcs etf	$489,000	–	2,235	–	0.98%	–
NML	New	NEUBERGER BERMAN MLP & ENERG	$485,000	–	97,006	–	0.97%	–
KBE	New	SPDR SER TRs&p bk etf	$482,000	–	9,385	–	0.97%	–
PDD	New	PINDUODUO INCsponsored ads	$475,000	–	3,742	–	0.95%	–
PHK	New	PIMCO HIGH INCOME FD	$456,000	–	66,711	–	0.92%	–
GRVY	New	GRAVITY CO LTDsponsored ads ne	$456,000	–	4,207	–	0.92%	–
XOM	New	EXXON MOBIL CORP	$402,000	–	6,366	–	0.81%	–
VTWV	New	VANGUARD SCOTTSDALE FDSvng rus2000val	$393,000	–	2,703	–	0.79%	–
CRAK	New	VANECK VECTORS ETF TRoil refiners etf	$373,000	–	12,650	–	0.75%	–
TYG	New	TORTOISE ENERGY INFRA CORP	$364,000	–	12,640	–	0.73%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$306,000	–	34,470	–	0.61%	–
CGC	New	CANOPY GROWTH CORP	$290,000	–	12,014	–	0.58%	–
CVNA	New	CARVANA COcl a	$284,000	–	941	–	0.57%	–
ABBV	New	ABBVIE INC	$277,000	–	2,457	–	0.56%	–
STKL	New	SUNOPTA INC	$261,000	–	21,291	–	0.52%	–
ABT	New	ABBOTT LABS	$252,000	–	2,177	–	0.50%	–
DBA	New	INVESCO DB MULTI-SECTOR COMMagriculture fd	$234,000	–	12,581	–	0.47%	–
NTG	New	TORTOISE MIDSTRM ENERGY FD I	$227,000	–	7,572	–	0.46%	–
PCG	New	PG&E CORP	$219,000	–	21,554	–	0.44%	–
FPL	New	FST TR NEW OPPORT MLP & ENE	$213,000	–	36,106	–	0.43%	–
RCS	New	PIMCO STRATEGIC INCOME FD	$212,000	–	27,850	–	0.42%	–
HAL	New	HALLIBURTON CO	$208,000	–	8,991	–	0.42%	–
NID	New	NUVEEN INTER DURATION MUN TE	$156,000	–	10,405	–	0.31%	–
MVF	New	BLACKROCK MUNIVEST FD INC	$144,000	–	14,966	–	0.29%	–
MMU	New	WESTERN ASSET MANAGED MUNS F	$136,000	–	10,022	–	0.27%	–
FTI	New	TECHNIPFMC PLC	$128,000	–	14,114	–	0.26%	–
JEMD	New	NUVEEN EMERGING MKTS DEBT 20	$114,000	–	14,025	–	0.23%	–

Q4 2020

			Value		Shares		↓ Weighting
F	Exit	FORD MTR CO DEL	$0	–	-12,951	–	-0.18%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-13,959	–	-0.18%	–
EHT	Exit	EATON VANCE HIGH INCOME 2021	$0	–	-12,395	–	-0.24%	–
JMIA	Exit	JUMIA TECHNOLOGIES AGsponsored ads	$0	–	-19,519	–	-0.32%	–
PCG	Exit	PG&E CORP	$0	–	-17,159	–	-0.33%	–
MIK	Exit	MICHAELS COS INC	$0	–	-19,079	–	-0.38%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-1,317	–	-0.41%	–
ENPH	Exit	ENPHASE ENERGY INC	$0	–	-2,662	–	-0.45%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-5,138	–	-0.45%	–
INTC	Exit	INTEL CORP	$0	–	-4,796	–	-0.51%	–
ACMR	Exit	ACM RESEARCH INC	$0	–	-4,172	–	-0.59%	–
FIV	Exit	FIRST TR SR FLOATING RATE 20	$0	–	-36,945	–	-0.64%	–
OLLI	Exit	OLLIES BARGAIN OUTLET HLDGS	$0	–	-3,569	–	-0.64%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-4,443	–	-0.67%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-8,150	–	-0.69%	–
STMP	Exit	STAMPS COM INC	$0	–	-1,422	–	-0.70%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,279	–	-0.76%	–
CHWY	Exit	CHEWY INCcl a	$0	–	-6,782	–	-0.76%	–
TSLA	Exit	TESLA INC	$0	–	-881	–	-0.77%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-27,292	–	-0.83%	–
CWH	Exit	CAMPING WORLD HLDGS INCcl a	$0	–	-14,323	–	-0.87%	–
JHY	Exit	NUVEEN HIGH INCOME 2020 TARG	$0	–	-47,523	–	-0.92%	–
BSL	Exit	BLACKSTONE GSO FLTING RTE FU	$0	–	-33,361	–	-0.94%	–
HDGE	Exit	ADVISORSHARES TRranger equity be	$0	–	-114,190	–	-1.05%	–
EUFN	Exit	ISHARES TRmsci euro fl etf	$0	–	-50,169	–	-1.41%	–
OIH	Exit	VANECK VECTORS ETF TRoil svcs etf	$0	–	-12,069	–	-2.41%	–
KBE	Exit	SPDR SER TRs&p bk etf	$0	–	-71,070	–	-4.27%	–
PSQ	Exit	PROSHARES TRshort qqq new	$0	–	-131,105	–	-4.43%	–
EJAN	Exit	INNOVATOR ETFS TRmsci emgr mkt	$0	–	-90,439	–	-5.00%	–
BAPR	Exit	INNOVATOR ETFS TRs&p 500 buffer	$0	–	-86,849	–	-5.06%	–
SIL	Exit	GLOBAL X FDSglobal x silver	$0	–	-57,882	–	-5.12%	–
SOXX	Exit	ISHARES TRphlx semicnd etf	$0	–	-10,081	–	-6.27%	–
IBUY	Exit	AMPLIFY ETF TRonlin retl etf	$0	–	-36,982	–	-6.66%	–
VXX	Exit	BARCLAYS BANK PLCipth sr b s&p	$0	–	-138,643	–	-7.05%	–
RTH	Exit	VANECK VECTORS ETF TRretail etf	$0	–	-37,339	–	-11.35%	–
CARZ	Exit	FIRST TR EXCHANGE TRADED FDauto index fd	$0	–	-160,595	–	-12.89%	–
GLD	Exit	SPDR GOLD TR	$0	–	-38,255	–	-13.83%	–

Q3 2020

			Value		Shares		↓ Weighting
GLD	Sell	SPDR GOLD TR	$6,776,000	-25.1%	38,255	-29.2%	13.83%	-46.1%
CARZ	New	FIRST TR EXCHANGE TRADED FDauto index fd	$6,316,000	–	160,595	–	12.89%	–
RTH	New	VANECK VECTORS ETF TRretail etf	$5,559,000	–	37,339	–	11.35%	–
VXX	New	BARCLAYS BANK PLCipth sr b s&p	$3,452,000	–	138,643	–	7.05%	–
IBUY	New	AMPLIFY ETF TRonlin retl etf	$3,263,000	–	36,982	–	6.66%	–
SOXX	New	ISHARES TRphlx semicnd etf	$3,071,000	–	10,081	–	6.27%	–
SIL	New	GLOBAL X FDSglobal x silver	$2,509,000	–	57,882	–	5.12%	–
BAPR	New	INNOVATOR ETFS TRs&p 500 buffer	$2,481,000	–	86,849	–	5.06%	–
EJAN	New	INNOVATOR ETFS TRmsci emgr mkt	$2,450,000	–	90,439	–	5.00%	–
PSQ	Buy	PROSHARES TRshort qqq new	$2,170,000	+84.2%	131,105	+111.4%	4.43%	+32.6%
KBE	Buy	SPDR SER TRs&p bk etf	$2,093,000	+40.1%	71,070	+50.0%	4.27%	+0.9%
OIH	New	VANECK VECTORS ETF TRoil svcs etf	$1,179,000	–	12,069	–	2.41%	–
EUFN	Buy	ISHARES TRmsci euro fl etf	$689,000	+154.2%	50,169	+163.6%	1.41%	+83.1%
HDGE	Sell	ADVISORSHARES TRranger equity be	$513,000	-88.0%	114,190	-87.1%	1.05%	-91.4%
BSL	New	BLACKSTONE GSO FLTING RTE FU	$459,000	–	33,361	–	0.94%	–
JHY	Sell	NUVEEN HIGH INCOME 2020 TARG	$449,000	-4.1%	47,523	-5.4%	0.92%	-31.0%
CWH	New	CAMPING WORLD HLDGS INCcl a	$426,000	–	14,323	–	0.87%	–
UNFI	New	UNITED NAT FOODS INC	$406,000	–	27,292	–	0.83%	–
TSLA	New	TESLA INC	$378,000	–	881	–	0.77%	–
W	New	WAYFAIR INCcl a	$372,000	–	1,279	–	0.76%	–
CHWY	New	CHEWY INCcl a	$372,000	–	6,782	–	0.76%	–
STMP	New	STAMPS COM INC	$343,000	–	1,422	–	0.70%	–
BILI	New	BILIBILI INCspons ads rep z	$339,000	–	8,150	–	0.69%	–
PDD	New	PINDUODUO INCsponsored ads	$329,000	–	4,443	–	0.67%	–
FIV	Sell	FIRST TR SR FLOATING RATE 20	$312,000	-6.6%	36,945	-8.7%	0.64%	-32.7%
OLLI	New	OLLIES BARGAIN OUTLET HLDGS	$312,000	–	3,569	–	0.64%	–
ACMR	New	ACM RESEARCH INC	$288,000	–	4,172	–	0.59%	–
INTC	New	INTEL CORP	$248,000	–	4,796	–	0.51%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$222,000	–	5,138	–	0.45%	–
ENPH	New	ENPHASE ENERGY INC	$220,000	–	2,662	–	0.45%	–
SE	New	SEA LTDsponsord ads	$203,000	–	1,317	–	0.41%	–
MIK	New	MICHAELS COS INC	$184,000	–	19,079	–	0.38%	–
PCG	New	PG&E CORP	$161,000	–	17,159	–	0.33%	–
JMIA	New	JUMIA TECHNOLOGIES AGsponsored ads	$156,000	–	19,519	–	0.32%	–
EHT	Sell	EATON VANCE HIGH INCOME 2021	$117,000	-15.8%	12,395	-15.4%	0.24%	-39.3%
FTI	New	TECHNIPFMC PLC	$88,000	–	13,959	–	0.18%	–
F	New	FORD MTR CO DEL	$86,000	–	12,951	–	0.18%	–
SPXS	Exit	DIREXION SHS ETF TRdly s&p500 br 3x	$0	–	-44,900	–	-1.00%	–
ARWR	Exit	ARROWHEAD PHARMACEUTICALS IN	$0	–	-11,123	–	-1.36%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-19,747	–	-3.18%	–
RWM	Exit	PROSHARES TRshrt russell2000	$0	–	-31,190	–	-3.20%	–
DOG	Exit	PROSHARES TR	$0	–	-30,900	–	-4.19%	–
DWSH	Exit	ADVISORSHARES TRdorsy shrt etf	$0	–	-158,450	–	-8.69%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-141,714	–	-8.98%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-98,567	–	-20.60%	–

Q2 2020

			Value		Shares		↓ Weighting
GLD	New	SPDR GOLD TR	$9,047,000	–	54,053	–	25.65%	–
ACWI	New	ISHARES TRmsci acwi etf	$7,266,000	–	98,567	–	20.60%	–
HDGE	New	ADVISORSHARES TRranger equity be	$4,284,000	–	883,246	–	12.14%	–
SH	New	PROSHARES TRshort s&p 500 ne	$3,169,000	–	141,714	–	8.98%	–
DWSH	New	ADVISORSHARES TRdorsy shrt etf	$3,067,000	–	158,450	–	8.69%	–
KBE	New	SPDR SER TRs&p bk etf	$1,494,000	–	47,380	–	4.24%	–
DOG	New	PROSHARES TR	$1,478,000	–	30,900	–	4.19%	–
PSQ	New	PROSHARES TRshort qqq new	$1,178,000	–	62,013	–	3.34%	–
RWM	New	PROSHARES TRshrt russell2000	$1,129,000	–	31,190	–	3.20%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,121,000	–	19,747	–	3.18%	–
ARWR	New	ARROWHEAD PHARMACEUTICALS IN	$480,000	–	11,123	–	1.36%	–
JHY	New	NUVEEN HIGH INCOME 2020 TARG	$468,000	–	50,235	–	1.33%	–
SPXS	New	DIREXION SHS ETF TRdly s&p500 br 3x	$351,000	–	44,900	–	1.00%	–
FIV	New	FIRST TR SR FLOATING RATE 20	$334,000	–	40,485	–	0.95%	–
EUFN	New	ISHARES TRmsci euro fl etf	$271,000	–	19,033	–	0.77%	–
EHT	New	EATON VANCE HIGH INCOME 2021	$139,000	–	14,645	–	0.39%	–

Q4 2019

			Value		Shares		↓ Weighting
SLV	Exit	ISHARES SILVER TRUSTcall	$0	–	-1,000	–	-0.00%	–
NCV	Exit	ALLIANZGI CONV INCOME FD	$0	–	-14,653	–	-0.05%	–
JEMD	Exit	NUVEEN EMERGING MKTS DEBT 20	$0	–	-11,057	–	-0.06%	–
CBH	Exit	ALLIANZGI CON INCM 2024 TARG	$0	–	-10,657	–	-0.06%	–
NSL	Exit	NUVEEN SR INCOME FD	$0	–	-22,206	–	-0.08%	–
HIE	Exit	MILLER HOWARD HIGH INC EQTY	$0	–	-15,110	–	-0.10%	–
JHD	Exit	NUVEEN HIGH INCOME DECMBR 20	$0	–	-16,975	–	-0.10%	–
JCO	Exit	NUVEEN CR OPPORTUNITIES 2022	$0	–	-17,498	–	-0.10%	–
BGIO	Exit	BLACKROCK 2022 GBL INCM OPP	$0	–	-20,799	–	-0.12%	–
DHY	Exit	CREDIT SUISSE HIGH YLD BND Fsh ben int	$0	–	-79,060	–	-0.12%	–
NCZ	Exit	ALLIANZGI CONV INCOME FD II	$0	–	-44,495	–	-0.14%	–
EHT	Exit	EATON VANCE HIGH INCOME 2021	$0	–	-23,470	–	-0.14%	–
TEI	Exit	TEMPLETON EMERG MKTS INCOME	$0	–	-27,207	–	-0.15%	–
NML	Exit	NEUBERGER BERMAN MLP AND ENR	$0	–	-35,687	–	-0.16%	–
EFL	Exit	EATON VANCE FLTNG RATE 2022	$0	–	-28,788	–	-0.16%	–
FFC	Exit	FLAHERTY & CRUMRIN PFD & INM	$0	–	-14,027	–	-0.18%	–
JRO	Exit	NUVEEN FLTNG RTE INCM OPP FD	$0	–	-30,708	–	-0.18%	–
FIV	Exit	FIRST TR SR FLOATING RATE 20	$0	–	-36,399	–	-0.20%	–
JPI	Exit	NUVEEN PFD & INCOME TERM FD	$0	–	-13,842	–	-0.21%	–
BSL	Exit	BLACKSTONE GSO FLTING RTE FU	$0	–	-22,122	–	-0.23%	–
FPL	Exit	FST TR NEW OPPORT MLP & ENE	$0	–	-43,866	–	-0.25%	–
EFT	Exit	EATON VANCE FLTING RATE INC	$0	–	-33,332	–	-0.27%	–
EFR	Exit	EATON VANCE SR FLTNG RTE TR	$0	–	-35,386	–	-0.28%	–
BZH	Exit	BEAZER HOMES USA INC	$0	–	-31,545	–	-0.28%	–
JLS	Exit	NUVEEN MTG OPPORTUNITY TERM	$0	–	-25,453	–	-0.36%	–
EMD	Exit	WESTERN ASSET EMRG MKT DEBT	$0	–	-42,269	–	-0.36%	–
JHB	Exit	NUVEEN HIGH INCOME NOVEMBER	$0	–	-59,972	–	-0.36%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNIwf inc oppty fd	$0	–	-73,355	–	-0.37%	–
CII	Exit	BLACKROCK ENH CAP & INC FD I	$0	–	-37,866	–	-0.37%	–
ENPH	Exit	ENPHASE ENERGY INC	$0	–	-27,691	–	-0.37%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-5,203	–	-0.39%	–
JKS	Exit	JINKOSOLAR HLDG CO LTDsponsored adr	$0	–	-40,685	–	-0.39%	–
PHK	Exit	PIMCO HIGH INCOME FD	$0	–	-91,951	–	-0.43%	–
IRT	Exit	INDEPENDENCE RLTY TR INC	$0	–	-51,876	–	-0.45%	–
MTH	Exit	MERITAGE HOMES CORP	$0	–	-10,620	–	-0.45%	–
FND	Exit	FLOOR & DECOR HLDGS INCcl a	$0	–	-14,681	–	-0.46%	–
NOW	Exit	SERVICENOW INC	$0	–	-2,974	–	-0.46%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC	$0	–	-38,190	–	-0.48%	–
LSCC	Exit	LATTICE SEMICONDUCTOR CORP	$0	–	-43,134	–	-0.48%	–
CVCO	Exit	CAVCO INDS INC DEL	$0	–	-4,197	–	-0.49%	–
ARWR	Exit	ARROWHEAD PHARMACEUTICALS IN	$0	–	-29,212	–	-0.50%	–
FEI	Exit	FIRST TR MLP & ENERGY INCOME	$0	–	-75,055	–	-0.52%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES INC	$0	–	-11,093	–	-0.56%	–
KBH	Exit	KB HOME	$0	–	-28,587	–	-0.59%	–
MORT	Exit	VANECK VECTORS ETF TR	$0	–	-54,579	–	-0.77%	–
NTG	Exit	TORTOISE MIDSTRM ENERGY FD I	$0	–	-107,794	–	-0.80%	–
ARCC	Exit	ARES CAP CORP	$0	–	-83,427	–	-0.94%	–
BOCT	Exit	INNOVATOR ETFS TRs&p 500 bufetf	$0	–	-206,051	–	-3.11%	–
ASHR	Exit	DBX ETF TRxtrack hrvst csi	$0	–	-236,188	–	-3.88%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-569,475	–	-5.50%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-65,660	–	-5.54%	–
SKYY	Exit	FIRST TR EXCHANGE TRADED FD	$0	–	-251,845	–	-8.62%	–
PHO	Exit	INVESCO EXCHANGE TRADED FD Twater res etf	$0	–	-388,314	–	-8.63%	–
IGV	Exit	ISHARES TRexpanded tech	$0	–	-69,039	–	-8.88%	–
IPAY	Exit	ETF MANAGERS TRprime mobile pay	$0	–	-414,234	–	-11.72%	–
TAN	Exit	INVESCO EXCHNG TRADED FD TRsolar etf	$0	–	-703,176	–	-12.54%	–
ITB	Exit	ISHARES TRus home cons etf	$0	–	-631,777	–	-16.61%	–

Q3 2019

			Value		Shares		↓ Weighting
ITB	Sell	ISHARES TRus home cons etf	$27,362,000	-2.2%	631,777	-13.7%	16.61%	+6.9%
TAN	Buy	INVESCO EXCHNG TRADED FD TRsolar etf	$20,652,000	+25.8%	703,176	+21.1%	12.54%	+37.5%
IPAY	Buy	ETF MANAGERS TRprime mobile pay	$19,307,000	+19.7%	414,234	+20.4%	11.72%	+30.8%
IGV	Sell	ISHARES TRexpanded tech	$14,628,000	-17.3%	69,039	-14.7%	8.88%	-9.6%
PHO	Sell	INVESCO EXCHANGE TRADED FD Twater res etf	$14,212,000	-12.9%	388,314	-15.3%	8.63%	-4.8%
SKYY	Sell	FIRST TR EXCHANGE TRADED FD	$14,209,000	-16.5%	251,845	-14.5%	8.62%	-8.7%
GLD	New	SPDR GOLD TRUST	$9,118,000	–	65,660	–	5.54%	–
SLV	New	ISHARES SILVER TRUSTishares	$9,066,000	–	569,475	–	5.50%	–
ASHR	Sell	DBX ETF TRxtrack hrvst csi	$6,398,000	-16.3%	236,188	-13.0%	3.88%	-8.5%
BOCT	Buy	INNOVATOR ETFS TRs&p 500 bufetf	$5,124,000	+97.5%	206,051	+98.0%	3.11%	+116.0%
ARCC	Sell	ARES CAP CORP	$1,555,000	-7.5%	83,427	-10.9%	0.94%	+1.2%
NTG	Sell	TORTOISE MIDSTRM ENERGY FD I	$1,325,000	-17.8%	107,794	-9.8%	0.80%	-10.2%
MORT	Sell	VANECK VECTORS ETF TR	$1,271,000	-9.7%	54,579	-10.1%	0.77%	-1.2%
KBH	New	KB HOME	$972,000	–	28,587	–	0.59%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC	$929,000	–	11,093	–	0.56%	–
FEI	Sell	FIRST TR MLP & ENERGY INCOME	$862,000	-13.9%	75,055	-10.9%	0.52%	-5.9%
ARWR	New	ARROWHEAD PHARMACEUTICALS IN	$823,000	–	29,212	–	0.50%	–
CVCO	New	CAVCO INDS INC DEL	$806,000	–	4,197	–	0.49%	–
LSCC	New	LATTICE SEMICONDUCTOR CORP	$789,000	–	43,134	–	0.48%	–
BLDR	New	BUILDERS FIRSTSOURCE INC	$786,000	–	38,190	–	0.48%	–
NOW	New	SERVICENOW INC	$755,000	–	2,974	–	0.46%	–
FND	New	FLOOR & DECOR HLDGS INCcl a	$751,000	–	14,681	–	0.46%	–
MTH	New	MERITAGE HOMES CORP	$747,000	–	10,620	–	0.45%	–
IRT	New	INDEPENDENCE RLTY TR INC	$742,000	–	51,876	–	0.45%	–
PHK	Buy	PIMCO HIGH INCOME FD	$712,000	+78.0%	91,951	+81.9%	0.43%	+94.6%
JKS	New	JINKOSOLAR HLDG CO LTDsponsored adr	$649,000	–	40,685	–	0.39%	–
AZPN	New	ASPEN TECHNOLOGY INC	$640,000	–	5,203	–	0.39%	–
ENPH	New	ENPHASE ENERGY INC	$616,000	–	27,691	–	0.37%	–
CII	Sell	BLACKROCK ENH CAP & INC FD I	$612,000	-8.1%	37,866	-10.2%	0.37%	+0.5%
EAD	Sell	WELLS FARGO INCOME OPPORTUNIwf inc oppty fd	$604,000	-4.1%	73,355	-4.0%	0.37%	+4.9%
JHB	Buy	NUVEEN HIGH INCOME NOVEMBER	$593,000	+177.1%	59,972	+178.0%	0.36%	+202.5%
JLS	Sell	NUVEEN MTG OPPORTUNITY TERM	$587,000	-48.5%	25,453	-48.1%	0.36%	-43.8%
EMD	Sell	WESTERN ASSET EMRG MKT DEBT	$587,000	-19.8%	42,269	-17.3%	0.36%	-12.3%
BZH	New	BEAZER HOMES USA INC	$470,000	–	31,545	–	0.28%	–
EFR	Sell	EATON VANCE SR FLTNG RTE TR	$461,000	-13.2%	35,386	-12.7%	0.28%	-5.1%
EFT	Sell	EATON VANCE FLTING RATE INC	$441,000	-10.0%	33,332	-8.3%	0.27%	-1.5%
FPL	Sell	FST TR NEW OPPORT MLP & ENE	$409,000	-16.2%	43,866	-15.1%	0.25%	-8.5%
BSL	Sell	BLACKSTONE GSO FLTING RTE FU	$374,000	-3.1%	22,122	-3.4%	0.23%	+6.1%
JPI	Sell	NUVEEN PFD & INCOME TERM FD	$342,000	-10.5%	13,842	-14.3%	0.21%	-1.9%
FIV	Sell	FIRST TR SR FLOATING RATE 20	$322,000	-10.6%	36,399	-9.9%	0.20%	-2.5%
FFC	Sell	FLAHERTY & CRUMRIN PFD & INM	$294,000	-9.3%	14,027	-13.8%	0.18%	-1.1%
JRO	Sell	NUVEEN FLTNG RTE INCM OPP FD	$293,000	-11.7%	30,708	-10.0%	0.18%	-3.3%
EFL	Sell	EATON VANCE FLTNG RATE 2022	$263,000	-4.4%	28,788	-2.9%	0.16%	+4.6%
NML	Buy	NEUBERGER BERMAN MLP AND ENR	$257,000	+1.2%	35,687	+5.4%	0.16%	+10.6%
TEI	Sell	TEMPLETON EMERG MKTS INCOME	$247,000	-26.7%	27,207	-17.4%	0.15%	-19.8%
EHT	Sell	EATON VANCE HIGH INCOME 2021	$234,000	-33.5%	23,470	-32.8%	0.14%	-27.2%
NCZ	Buy	ALLIANZGI CONV INCOME FD II	$224,000	+250.0%	44,495	+249.7%	0.14%	+277.8%
DHY	Sell	CREDIT SUISSE HIGH YLD BND Fsh ben int	$202,000	-14.8%	79,060	-17.7%	0.12%	-6.8%
BGIO	Sell	BLACKROCK 2022 GBL INCM OPP	$200,000	-17.4%	20,799	-18.6%	0.12%	-9.7%
JCO	Buy	NUVEEN CR OPPORTUNITIES 2022	$173,000	+4.2%	17,498	+0.9%	0.10%	+14.1%
JHD	New	NUVEEN HIGH INCOME DECMBR 20	$167,000	–	16,975	–	0.10%	–
HIE	Sell	MILLER HOWARD HIGH INC EQTY	$165,000	-14.1%	15,110	-12.8%	0.10%	-6.5%
NSL	New	NUVEEN SR INCOME FD	$128,000	–	22,206	–	0.08%	–
CBH	New	ALLIANZGI CON INCM 2024 TARG	$100,000	–	10,657	–	0.06%	–
JEMD	Sell	NUVEEN EMERGING MKTS DEBT 20	$96,000	-14.3%	11,057	-12.6%	0.06%	-6.5%
NCV	New	ALLIANZGI CONV INCOME FD	$83,000	–	14,653	–	0.05%	–
SLV	New	ISHARES SILVER TRUSTcall	$1,000	–	1,000	–	0.00%	–
JRS	Exit	NUVEEN REAL ESTATE INCOME FD	$0	–	-10,799	–	-0.06%	–
EDD	Exit	MORGAN STANLEY EM MKTS DM DE	$0	–	-39,406	–	-0.15%	–
FEN	Exit	FIRST TR ENERGY INCOME & GRW	$0	–	-12,832	–	-0.16%	–
NRO	Exit	NEUBERGER BERMAN RE ES SEC F	$0	–	-73,048	–	-0.21%	–
CCD	Exit	CALAMOS DYNAMIC CONV & INCOM	$0	–	-22,288	–	-0.25%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-45,767	–	-0.27%	–
KSA	Exit	ISHARES TRmsci saudi arbia	$0	–	-535,624	–	-9.82%	–
IGN	Exit	ISHARES TRna tec multm etf	$0	–	-435,321	–	-13.12%	–

Q2 2019

			Value		Shares		↓ Weighting
ITB	New	ISHARES TRus home cons etf	$27,979,000	–	732,062	–	15.54%	–
IGN	New	ISHARES TRna tec multm etf	$23,634,000	–	435,321	–	13.12%	–
IGV	New	ISHARES TRexpanded tech	$17,686,000	–	80,959	–	9.82%	–
KSA	New	ISHARES TRmsci saudi arbia	$17,686,000	–	535,624	–	9.82%	–
SKYY	New	FIRST TR EXCHANGE TRADED FD	$17,017,000	–	294,515	–	9.45%	–
TAN	New	INVESCO EXCHNG TRADED FD TRsolar etf	$16,414,000	–	580,599	–	9.11%	–
PHO	New	INVESCO EXCHANGE TRADED FD Twater res etf	$16,323,000	–	458,377	–	9.06%	–
IPAY	New	ETF MANAGERS TRprime mobile pay	$16,131,000	–	343,952	–	8.96%	–
ASHR	New	DBX ETF TRxtrack hrvst csi	$7,644,000	–	271,445	–	4.24%	–
BOCT	New	INNOVATOR ETFS TRs&p 500 bufetf	$2,594,000	–	104,067	–	1.44%	–
ARCC	New	ARES CAP CORP	$1,681,000	–	93,680	–	0.93%	–
NTG	New	TORTOISE MIDSTRM ENERGY FD I	$1,612,000	–	119,499	–	0.90%	–
MORT	New	VANECK VECTORS ETF TR	$1,407,000	–	60,724	–	0.78%	–
JLS	New	NUVEEN MTG OPPORTUNITY TERM	$1,140,000	–	49,087	–	0.63%	–
FEI	New	FIRST TR MLP & ENERGY INCOME	$1,001,000	–	84,203	–	0.56%	–
EMD	New	WESTERN ASSET EMRG MKT DEBT	$732,000	–	51,101	–	0.41%	–
CII	New	BLACKROCK ENH CAP & INC FD I	$666,000	–	42,169	–	0.37%	–
EAD	New	WELLS FARGO INCOME OPPORTUNIwf inc oppty fd	$630,000	–	76,428	–	0.35%	–
EFR	New	EATON VANCE SR FLTNG RTE TR	$531,000	–	40,556	–	0.30%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$491,000	–	45,767	–	0.27%	–
EFT	New	EATON VANCE FLTING RATE INC	$490,000	–	36,344	–	0.27%	–
FPL	New	FST TR NEW OPPORT MLP & ENE	$488,000	–	51,658	–	0.27%	–
CCD	New	CALAMOS DYNAMIC CONV & INCOM	$449,000	–	22,288	–	0.25%	–
PHK	New	PIMCO HIGH INCOME FD	$400,000	–	50,540	–	0.22%	–
BSL	New	BLACKSTONE GSO FLTING RTE FU	$386,000	–	22,896	–	0.21%	–
JPI	New	NUVEEN PFD & INCOME TERM FD	$382,000	–	16,152	–	0.21%	–
NRO	New	NEUBERGER BERMAN RE ES SEC F	$375,000	–	73,048	–	0.21%	–
FIV	New	FIRST TR SR FLOATING RATE 20	$360,000	–	40,400	–	0.20%	–
EHT	New	EATON VANCE HIGH INCOME 2021	$352,000	–	34,928	–	0.20%	–
TEI	New	TEMPLETON EMERG MKTS INCOME	$337,000	–	32,943	–	0.19%	–
JRO	New	NUVEEN FLTNG RTE INCM OPP FD	$332,000	–	34,108	–	0.18%	–
FFC	New	FLAHERTY&CRMN PFD SEC INCOM	$324,000	–	16,271	–	0.18%	–
FEN	New	FIRST TR ENERGY INCOME & GRW	$286,000	–	12,832	–	0.16%	–
EFL	New	EATON VANCE FLTNG RATE 2022	$275,000	–	29,633	–	0.15%	–
EDD	New	MORGAN STANLEY EM MKTS DM DE	$272,000	–	39,406	–	0.15%	–
NML	New	NEUBERGER BERMAN MLP AND ENR	$254,000	–	33,864	–	0.14%	–
BGIO	New	BLACKROCK 2022 GBL INCM OPP	$242,000	–	25,564	–	0.13%	–
DHY	New	CREDIT SUISSE HIGH YLD BND Fsh ben int	$237,000	–	96,090	–	0.13%	–
JHB	New	NUVEEN HIGH INCOME NOVEMBER	$214,000	–	21,571	–	0.12%	–
HIE	New	MILLER HOWARD HIGH INC EQTY	$192,000	–	17,333	–	0.11%	–
JCO	New	NUVEEN CR OPPORTUNITIES 2022	$166,000	–	17,339	–	0.09%	–
JRS	New	NUVEEN REAL ESTATE INCOME FD	$113,000	–	10,799	–	0.06%	–
JEMD	New	NUVEEN EMERGING MKTS DEBT 20	$112,000	–	12,649	–	0.06%	–
NCZ	New	ALLIANZGI CONV INCOME FD II	$64,000	–	12,725	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
IVR	Exit	INVESCO MORTGAGE CAPITAL INC	$0	–	-24,060	–	-0.19%	–
FLTR	Exit	VANECK VECTORS ETF TRinvt grade fltg	$0	–	-16,158	–	-0.20%	–
M	Exit	MACYS INC	$0	–	-19,466	–	-0.33%	–
RQI	Exit	COHEN & STEERS QUALITY RLTY	$0	–	-171,242	–	-1.03%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-58,573	–	-1.14%	–
STPZ	Exit	PIMCO ETF TR1-5 us tip idx	$0	–	-58,859	–	-1.49%	–
CII	Exit	BLACKROCK ENH CAP & INC FD I	$0	–	-219,444	–	-1.86%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-888,094	–	-2.30%	–
PFN	Exit	PIMCO INCOME STRATEGY FUND I	$0	–	-490,760	–	-2.55%	–
DBO	Exit	INVESCO DB MLTI SECTR CMMTYoil fd	$0	–	-1,290,410	–	-8.56%	–
XOP	Exit	SPDR SERIES TRUSTs&p oilgas exp	$0	–	-494,762	–	-10.54%	–
PBE	Exit	INVESCO EXCHANGE TRADED FD Tdynmc biotech	$0	–	-549,711	–	-16.08%	–
CRAK	Exit	VANECK VECTORS ETF TRoil refiners etf	$0	–	-941,005	–	-16.46%	–
RTH	Exit	VANECK VECTORS ETF TRretail etf	$0	–	-305,270	–	-16.74%	–
IBUY	Exit	AMPLIFY ETF TRonlin retl etf	$0	–	-804,279	–	-20.55%	–

Q3 2018

			Value		Shares		↓ Weighting
IBUY	Buy	AMPLIFY ETF TRonlin retl etf	$41,774,000	+80.8%	804,279	+78.2%	20.55%	+6.8%
RTH	Buy	VANECK VECTORS ETF TRretail etf	$34,025,000	+60.4%	305,270	+44.1%	16.74%	-5.2%
CRAK	Buy	VANECK VECTORS ETF TRoil refiners etf	$33,472,000	+63.8%	941,005	+45.9%	16.46%	-3.2%
PBE	New	INVESCO EXCHANGE TRADED FD Tdynmc biotech	$32,680,000	–	549,711	–	16.08%	–
XOP	New	SPDR SERIES TRUSTs&p oilgas exp	$21,418,000	–	494,762	–	10.54%	–
DBO	Buy	INVESCO DB MLTI SECTR CMMTYoil fd	$17,395,000	+65.1%	1,290,410	+52.6%	8.56%	-2.4%
PFN	Buy	PIMCO INCOME STRATEGY FUND I	$5,178,000	+2.8%	490,760	+2.0%	2.55%	-39.3%
PPT	Sell	PUTNAM PREMIER INCOME TRsh ben int	$4,671,000	-6.1%	888,094	-6.6%	2.30%	-44.5%
CII	Buy	BLACKROCK ENH CAP & INC FD I	$3,774,000	+697.9%	219,444	+652.9%	1.86%	+371.1%
STPZ	Sell	PIMCO ETF TR1-5 us tip idx	$3,021,000	-2.6%	58,859	-1.8%	1.49%	-42.4%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$2,318,000	-0.3%	58,573	-11.5%	1.14%	-41.1%
RQI	New	COHEN & STEERS QUALITY RLTY	$2,098,000	–	171,242	–	1.03%	–
M	New	MACYS INC	$676,000	–	19,466	–	0.33%	–
FLTR	Sell	VANECK VECTORS ETF TRinvt grade fltg	$409,000	-91.4%	16,158	-91.4%	0.20%	-94.9%
IVR	New	INVESCO MORTGAGE CAPITAL INC	$381,000	–	24,060	–	0.19%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-7,118	–	-0.30%	–
TMV	Exit	DIREXION SHS ETF TR20yr tres bear	$0	–	-264,015	–	-4.19%	–
KOL	Exit	VANECK VECTORS ETF TRcoal etf	$0	–	-1,192,118	–	-15.66%	–

Q2 2018

			Value		Shares		↓ Weighting
IBUY	New	AMPLIFY ETF TRonlin retl etf	$23,111,000	–	451,455	–	19.23%	–
RTH	New	VANECK VECTORS ETF TRretail etf	$21,218,000	–	211,820	–	17.66%	–
CRAK	New	VANECK VECTORS ETF TRoil refiners etf	$20,430,000	–	645,094	–	17.00%	–
KOL	New	VANECK VECTORS ETF TRcoal etf	$18,813,000	–	1,192,118	–	15.66%	–
DBO	New	INVESCO DB MLTI SECTR CMMTYoil fd	$10,539,000	–	845,833	–	8.77%	–
PFN	New	PIMCO INCOME STRATEGY FUND I	$5,038,000	–	481,152	–	4.19%	–
TMV	New	DIREXION SHS ETF TR20yr tres bear	$5,035,000	–	264,015	–	4.19%	–
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$4,973,000	–	950,787	–	4.14%	–
FLTR	New	VANECK VECTORS ETF TRinvt grade fltg	$4,742,000	–	187,690	–	3.95%	–
STPZ	New	PIMCO ETF TR1-5 us tip idx	$3,101,000	–	59,921	–	2.58%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$2,325,000	–	66,220	–	1.94%	–
CII	New	BLACKROCK ENH CAP & INC FD I	$473,000	–	29,145	–	0.39%	–
VZ	New	VERIZON COMMUNICATIONS INC	$358,000	–	7,118	–	0.30%	–

Q4 2017

			Value		Shares		↓ Weighting
SBGL	Exit	SIBANYE STILLWATERsponsored adr	$0	–	-21,328	–	-0.05%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-61,669	–	-0.08%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-38,931	–	-0.09%	–
EDIV	Exit	SPDR INDEX SHS FDSs&p em mkt div	$0	–	-11,325	–	-0.18%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-185,607	–	-0.51%	–
ISD	Exit	PRUDENTIAL SHT DURATION HG Y	$0	–	-67,075	–	-0.53%	–
RWT	Exit	REDWOOD TR INC	$0	–	-133,877	–	-1.14%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-117,009	–	-1.32%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-71,356	–	-1.48%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-383,666	–	-2.26%	–
EMB	Exit	ISHARES TRjpmorgan usd emg	$0	–	-39,042	–	-2.36%	–
VTA	Exit	INVESCO DYNAMIC CR OPP FD	$0	–	-426,716	–	-2.65%	–
CDE	Exit	COEUR MNG INC	$0	–	-868,095	–	-4.15%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,114,614	–	-7.42%	–
SID	Exit	COMPANHIA SIDERURGICA NACIONsponsored adr	$0	–	-4,879,168	–	-7.51%	–
XME	Exit	SPDR SERIES TRUSTs&p metals mng	$0	–	-507,240	–	-8.49%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-665,862	–	-8.89%	–
EWZ	Exit	ISHARES INCmsci brz cap etf	$0	–	-489,546	–	-10.62%	–
GDXJ	Exit	VANECK VECTORS ETF TRjr gold miners e	$0	–	-614,216	–	-10.73%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-922,641	–	-11.02%	–
SLX	Exit	VANECK VECTORS ETF TRsteel etf	$0	–	-843,706	–	-18.52%	–

Q3 2017

			Value		Shares		↓ Weighting
SLX	Sell	VANECK VECTORS ETF TRsteel etf	$35,604,000	+9.4%	843,706	-0.2%	18.52%	+39.0%
GDX	Buy	VANECK VECTORS ETF TRgold miners etf	$21,184,000	+79.3%	922,641	+72.4%	11.02%	+127.8%
GDXJ	Buy	VANECK VECTORS ETF TRjr gold miners e	$20,632,000	+73.1%	614,216	+72.1%	10.73%	+119.9%
EWZ	Sell	ISHARES INCmsci brz cap etf	$20,409,000	-18.5%	489,546	-33.3%	10.62%	+3.5%
X	Sell	UNITED STATES STL CORP NEW	$17,086,000	+12.6%	665,862	-2.8%	8.89%	+43.1%
XME	Sell	SPDR SERIES TRUSTs&p metals mng	$16,323,000	-46.9%	507,240	-50.6%	8.49%	-32.6%
SID	Sell	COMPANHIA SIDERURGICA NACIONsponsored adr	$14,442,000	+37.0%	4,879,168	-0.5%	7.51%	+74.1%
BVN	Sell	COMPANIA DE MINAS BUENAVENTUsponsored adr	$14,256,000	+11.0%	1,114,614	-0.2%	7.42%	+41.0%
CDE	Sell	COEUR MNG INC	$7,978,000	+6.9%	868,095	-0.2%	4.15%	+35.8%
VTA	Sell	INVESCO DYNAMIC CR OPP FD	$5,086,000	-3.6%	426,716	-2.9%	2.65%	+22.5%
EMB	Sell	ISHARES TRjpmorgan usd emg	$4,545,000	-25.6%	39,042	-26.9%	2.36%	-5.4%
HYT	Sell	BLACKROCK CORPOR HI YLD FD I	$4,335,000	-0.0%	383,666	-3.1%	2.26%	+27.0%
SLF	Sell	SUN LIFE FINL INC	$2,841,000	+8.2%	71,356	-2.8%	1.48%	+37.5%
STWD	Sell	STARWOOD PPTY TR INC	$2,541,000	-4.5%	117,009	-1.5%	1.32%	+21.3%
RWT	Sell	REDWOOD TR INC	$2,181,000	-5.0%	133,877	-0.6%	1.14%	+20.7%
ISD	Sell	PRUDENTIAL SHT DURATION HG Y	$1,024,000	-26.5%	67,075	-26.5%	0.53%	-6.5%
PPT	Buy	PUTNAM PREMIER INCOME TRsh ben int	$987,000	+27.2%	185,607	+29.9%	0.51%	+61.3%
EDIV	Sell	SPDR INDEX SHS FDSs&p em mkt div	$345,000	-70.4%	11,325	-71.0%	0.18%	-62.5%
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-87,984	–	-0.43%	–
MUX	Exit	MCEWEN MNG INC	$0	–	-1,871,111	–	-2.02%	–
OKE	Exit	ONEOK INC NEW	$0	–	-164,464	–	-3.51%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-658,072	–	-4.03%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-825,191	–	-5.38%	–
IYZ	Exit	ISHARES TR	$0	–	-667,355	–	-8.82%	–

Q2 2017

			Value		Shares		↓ Weighting
SLX	New	VANECK VECTORS ETF TRsteel etf	$32,538,000	–	845,153	–	13.32%	–
XME	New	SPDR SERIES TRUSTs&p metals mng	$30,769,000	–	1,026,644	–	12.60%	–
EWZ	New	ISHARESmsci brz cap etf	$25,049,000	–	733,725	–	10.26%	–
IYZ	New	ISHARES TR	$21,529,000	–	667,355	–	8.82%	–
X	New	UNITED STATES STL CORP NEW	$15,173,000	–	685,305	–	6.21%	–
GOLD	New	BARRICK GOLD CORP	$13,129,000	–	825,191	–	5.38%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$12,846,000	–	1,117,037	–	5.26%	–
GDXJ	New	VANECK VECTORS ETF TRjr gold miners e	$11,916,000	–	356,988	–	4.88%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$11,817,000	–	535,191	–	4.84%	–
SID	New	COMPANHIA SIDERURGICA NACIONsponsored adr	$10,538,000	–	4,901,557	–	4.32%	–
CNX	New	CONSOL ENERGY INC	$9,832,000	–	658,072	–	4.03%	–
OKE	New	ONEOK INC NEW	$8,578,000	–	164,464	–	3.51%	–
CDE	New	COEUR MNG INC	$7,464,000	–	869,928	–	3.06%	–
EMB	New	ISHARES TRjp mor em mk etf	$6,106,000	–	53,396	–	2.50%	–
VTA	New	INVESCO DYNAMIC CR OPP FD	$5,275,000	–	439,255	–	2.16%	–
MUX	New	MCEWEN MNG INC	$4,921,000	–	1,871,111	–	2.02%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$4,337,000	–	395,744	–	1.78%	–
STWD	New	STARWOOD PPTY TR INC	$2,661,000	–	118,846	–	1.09%	–
SLF	New	SUN LIFE FINL INC	$2,625,000	–	73,437	–	1.08%	–
RWT	New	REDWOOD TR INC	$2,295,000	–	134,693	–	0.94%	–
ISD	New	PRUDENTIAL SHT DURATION HG Y	$1,393,000	–	91,217	–	0.57%	–
EDIV	New	SPDR INDEX SHS FDSs&p em mkt div	$1,164,000	–	38,997	–	0.48%	–
NLY	New	ANNALY CAP MGMT INC	$1,060,000	–	87,984	–	0.43%	–
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$776,000	–	142,909	–	0.32%	–
KGC	New	KINROSS GOLD CORP	$158,000	–	38,931	–	0.06%	–
AUY	New	YAMANA GOLD INC	$150,000	–	61,669	–	0.06%	–
SBGL	New	SIBANYE GOLD LTDsponsored adr	$99,000	–	21,328	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
UMC	Exit	UNITED MICROELECTRONICS CORPspon adr new	$0	–	-60,084	–	-0.05%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-38,931	–	-0.07%	–
EMB	Exit	ISHARES TRjp mor em mk etf	$0	–	-1,932	–	-0.10%	–
SBGL	Exit	SIBANYE GOLD LTDsponsored adr	$0	–	-21,277	–	-0.13%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-64,513	–	-0.13%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-17,287	–	-0.20%	–
CEO	Exit	CNOOC LTDsponsored adr	$0	–	-4,222	–	-0.22%	–
HTR	Exit	BROOKFIELD TOTAL RETURN FD I	$0	–	-35,240	–	-0.33%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-94,607	–	-0.43%	–
RWT	Exit	REDWOOD TR INC	$0	–	-75,881	–	-0.45%	–
NGG	Exit	NATIONAL GRID PLCspon adr new	$0	–	-23,044	–	-0.69%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-38,280	–	-0.71%	–
VTA	Exit	INVESCO DYNAMIC CR OPP FD	$0	–	-183,195	–	-0.90%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-103,951	–	-0.98%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-72,189	–	-0.98%	–
DOW	Exit	DOW CHEM CO	$0	–	-54,501	–	-1.18%	–
PGX	Exit	POWERSHARES ETF TR IIpfd portfolio	$0	–	-188,259	–	-1.19%	–
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-961,051	–	-2.06%	–
OKE	Exit	ONEOK INC NEW	$0	–	-157,292	–	-3.38%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-1,885,358	–	-3.40%	–
CDE	Exit	COEUR MNG INC	$0	–	-814,719	–	-4.04%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-617,984	–	-4.97%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-645,241	–	-5.10%	–
SID	Exit	COMPANHIA SIDERURGICA NACIONsponsored adr	$0	–	-4,496,322	–	-5.20%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-501,257	–	-5.55%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-793,183	–	-5.89%	–
GDXJ	Exit	VANECK VECTORS ETF TRjr gold miners e	$0	–	-331,315	–	-6.14%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,061,721	–	-6.15%	–
IYZ	Exit	ISHARES TR	$0	–	-629,945	–	-8.50%	–
EWZ	Exit	ISHARESmsci brz cap etf	$0	–	-692,958	–	-9.79%	–
SLX	Exit	VANECK VECTORS ETF TRsteel etf	$0	–	-797,269	–	-10.37%	–
XME	Exit	SPDR SERIES TRUSTs&p metals mng	$0	–	-966,746	–	-10.74%	–

Q3 2016

			Value		Shares		↓ Weighting
XME	Buy	SPDR SERIES TRUSTs&p metals mng	$25,638,000	+12.7%	966,746	+3.7%	10.74%	-19.3%
SLX	New	VANECK VECTORS ETF TRsteel etf	$24,755,000	–	797,269	–	10.37%	–
EWZ	Buy	ISHARESmsci brz cap etf	$23,373,000	+16.7%	692,958	+4.4%	9.79%	-16.4%
IYZ	Buy	ISHARES TR	$20,297,000	+0.3%	629,945	+3.6%	8.50%	-28.2%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$14,695,000	+20.9%	1,061,721	+4.3%	6.15%	-13.4%
GDXJ	New	VANECK VECTORS ETF TRjr gold miners e	$14,674,000	–	331,315	–	6.14%	–
GOLD	Buy	BARRICK GOLD CORP	$14,056,000	-13.3%	793,183	+4.5%	5.89%	-37.9%
GDX	New	VANECK VECTORS ETF TRgold miners etf	$13,249,000	–	501,257	–	5.55%	–
SID	Buy	COMPANHIA SIDERURGICA NACIONsponsored adr	$12,410,000	+17.0%	4,496,322	+3.9%	5.20%	-16.2%
X	Buy	UNITED STATES STL CORP NEW	$12,169,000	+13.5%	645,241	+1.5%	5.10%	-18.7%
CNX	Buy	CONSOL ENERGY INC	$11,865,000	+22.9%	617,984	+3.0%	4.97%	-12.0%
CDE	New	COEUR MNG INC	$9,638,000	–	814,719	–	4.04%	–
AUY	Buy	YAMANA GOLD INC	$8,126,000	-13.6%	1,885,358	+4.2%	3.40%	-38.1%
OKE	Buy	ONEOK INC NEW	$8,083,000	+11.5%	157,292	+2.9%	3.38%	-20.1%
FAX	Buy	ABERDEEN ASIA PACIFIC INCOM	$4,921,000	+5.2%	961,051	+2.9%	2.06%	-24.6%
PGX	Buy	POWERSHARES ETF TR IIpfd portfolio	$2,848,000	+6.5%	188,259	+7.3%	1.19%	-23.7%
DOW	New	DOW CHEM CO	$2,825,000	–	54,501	–	1.18%	–
SLF	New	SUN LIFE FINL INC	$2,349,000	–	72,189	–	0.98%	–
STWD	New	STARWOOD PPTY TR INC	$2,340,000	–	103,951	–	0.98%	–
VTA	Buy	INVESCO DYNAMIC CR OPP FD	$2,154,000	+15.5%	183,195	+8.3%	0.90%	-17.2%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,700,000	+7.9%	38,280	+4.3%	0.71%	-22.7%
NGG	Buy	NATIONAL GRID PLCspon adr new	$1,639,000	+200.7%	23,044	+214.6%	0.69%	+115.0%
RWT	New	REDWOOD TR INC	$1,074,000	–	75,881	–	0.45%	–
HYT	Buy	BLACKROCK CORPOR HI YLD FD I	$1,023,000	+8.1%	94,607	+4.4%	0.43%	-22.6%
HTR	New	BROOKFIELD TOTAL RETURN FD I	$790,000	–	35,240	–	0.33%	–
CEO	New	CNOOC LTDsponsored adr	$534,000	–	4,222	–	0.22%	–
LUMN	Buy	CENTURYLINK INC	$474,000	+94.3%	17,287	+105.9%	0.20%	+38.5%
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$315,000	–	64,513	–	0.13%	–
SBGL	Sell	SIBANYE GOLD LTDsponsored adr	$301,000	-2.6%	21,277	-6.1%	0.13%	-30.4%
EMB	Buy	ISHARES TRjp mor em mk etf	$226,000	+11.9%	1,932	+10.1%	0.10%	-19.5%
KGC	Sell	KINROSS GOLD CORP	$164,000	-98.4%	38,931	-98.1%	0.07%	-98.8%
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$111,000	–	60,084	–	0.05%	–
ILF	Exit	ISHARES TRlatn amer 40 etf	$0	–	-18,160	–	-0.28%	–
WFCPRL	Exit	WELLS FARGO & CO NEWperp pfd cnv a	$0	–	-1,444	–	-1.10%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-75,216	–	-1.10%	–
NAT	Exit	NORDIC AMERICAN TANKERS LIMI	$0	–	-145,272	–	-1.18%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-29,093	–	-1.46%	–

Q2 2016

			Value		Shares		↓ Weighting
XME	New	SPDR SERIES TRUSTs&p metals mng	$22,755,000	–	932,195	–	13.30%	–
IYZ	New	ISHARES TR	$20,239,000	–	607,772	–	11.83%	–
EWZ	New	ISHARESmsci brz cap etf	$20,021,000	–	663,485	–	11.70%	–
GOLD	New	BARRICK GOLD CORP	$16,207,000	–	759,106	–	9.48%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$12,159,000	–	1,017,499	–	7.11%	–
X	New	UNITED STATES STL CORP NEW	$10,720,000	–	635,835	–	6.27%	–
SID	New	COMPANHIA SIDERURGICA NACIONsponsored adr	$10,605,000	–	4,328,746	–	6.20%	–
KGC	New	KINROSS GOLD CORP	$10,256,000	–	2,097,426	–	6.00%	–
CNX	New	CONSOL ENERGY INC	$9,657,000	–	600,172	–	5.64%	–
AUY	New	YAMANA GOLD INC	$9,406,000	–	1,808,838	–	5.50%	–
OKE	New	ONEOK INC NEW	$7,251,000	–	152,818	–	4.24%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$4,678,000	–	933,742	–	2.74%	–
PGX	New	POWERSHARES ETF TR IIpfd portfolio	$2,674,000	–	175,481	–	1.56%	–
DUK	New	DUKE ENERGY CORP NEW	$2,496,000	–	29,093	–	1.46%	–
NAT	New	NORDIC AMERICAN TANKERS LIMI	$2,018,000	–	145,272	–	1.18%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$1,876,000	–	75,216	–	1.10%	–
WFCPRL	New	WELLS FARGO & CO NEWperp pfd cnv a	$1,876,000	–	1,444	–	1.10%	–
VTA	New	INVESCO DYNAMIC CR OPP FD	$1,865,000	–	169,229	–	1.09%	–
AMTD	New	TD AMERITRADE HLDG CORP	$1,575,000	–	36,690	–	0.92%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$946,000	–	90,601	–	0.55%	–
NGG	New	NATIONAL GRID PLCspon adr new	$545,000	–	7,326	–	0.32%	–
ILF	New	ISHARES TRlatn amer 40 etf	$477,000	–	18,160	–	0.28%	–
SBGL	New	SIBANYE GOLD LTDsponsored adr	$309,000	–	22,655	–	0.18%	–
LUMN	New	CENTURYLINK INC	$244,000	–	8,394	–	0.14%	–
EMB	New	ISHARES TRjp mor em mk etf	$202,000	–	1,755	–	0.12%	–

Q4 2015

			Value		Shares		↓ Weighting
PGX	Exit	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$0	–	-14,303	–	-0.25%	–
IBB	Exit	ISHARES TRnasdq biotec etf	$0	–	-1,733	–	-0.64%	–
WFCPRL	Exit	WELLS FARGO & CO NEWperp pfd cnv a	$0	–	-1,413	–	-2.00%	–
NIO	Exit	NUVEEN MUN OPPORTUNITY FD IN	$0	–	-160,830	–	-2.74%	–
GVI	Exit	ISHARES TRintrm gov/cr etf	$0	–	-29,814	–	-4.01%	–
ISTB	Exit	ISHARES TRcore st usdb etf	$0	–	-33,748	–	-4.10%	–
AGZ	Exit	ISHARES TRagency bond etf	$0	–	-30,562	–	-4.22%	–
DNO	Exit	UNITED STS SHORT OIL FD LPunits	$0	–	-145,882	–	-11.27%	–
DDG	Exit	PROSHARES TR	$0	–	-309,070	–	-11.94%	–
RWM	Exit	PROSHARES TRshrt russell2000	$0	–	-211,328	–	-16.64%	–
EUM	Exit	PROSHARES TR	$0	–	-471,492	–	-17.06%	–
DOG	Exit	PROSHARES TR	$0	–	-847,108	–	-25.13%	–

Q3 2015

			Value		Shares		↓ Weighting
DOG	New	PROSHARES TR	$20,754,000	–	847,108	–	25.13%	–
EUM	New	PROSHARES TR	$14,088,000	–	471,492	–	17.06%	–
RWM	New	PROSHARES TRshrt russell2000	$13,745,000	–	211,328	–	16.64%	–
DDG	New	PROSHARES TR	$9,862,000	–	309,070	–	11.94%	–
DNO	New	UNITED STS SHORT OIL FD LPunits	$9,306,000	–	145,882	–	11.27%	–
AGZ	New	ISHARES TRagency bond etf	$3,485,000	–	30,562	–	4.22%	–
ISTB	New	ISHARES TRcore st usdb etf	$3,386,000	–	33,748	–	4.10%	–
GVI	New	ISHARES TRintrm gov/cr etf	$3,312,000	–	29,814	–	4.01%	–
NIO	New	NUVEEN MUN OPPORTUNITY FD IN	$2,266,000	–	160,830	–	2.74%	–
WFCPRL	New	WELLS FARGO & CO NEWperp pfd cnv a	$1,650,000	–	1,413	–	2.00%	–
IBB	Sell	ISHARES TRnasdq biotec etf	$526,000	-97.7%	1,733	-97.1%	0.64%	-95.8%
JMM	Exit	NUVEEN MULTI MKT INCOME FD	$0	–	-24,788	–	-0.12%	–
AAPL	Exit	APPLE INC	$0	–	-1,829	–	-0.15%	–
SSW	Exit	SEASPAN CORP	$0	–	-18,758	–	-0.24%	–
FLY	Exit	FLY LEASING LTDsponsored adr	$0	–	-23,282	–	-0.24%	–
BSAC	Exit	BANCO SANTANDER CHILE NEW	$0	–	-102,239	–	-0.48%	–
CII	Exit	BLACKROCK ENH CAP & INC FD I	$0	–	-56,230	–	-0.55%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-105,946	–	-0.70%	–
HTS	Exit	HATTERAS FINL CORP	$0	–	-68,218	–	-0.74%	–
REM	Exit	ISHARESmrg rl es cp etf	$0	–	-108,396	–	-0.77%	–
BACPRL	Exit	BANK AMER CORP7.25%cnv pfd l	$0	–	-1,216	–	-0.91%	–
RNP	Exit	COHEN & STEERS REIT & PFD IN	$0	–	-81,641	–	-0.96%	–
MPW	Exit	MEDICAL PPTYS TRUST INC	$0	–	-112,407	–	-0.99%	–
AMGN	Exit	AMGEN INC	$0	–	-20,665	–	-2.14%	–
MDVN	Exit	MEDIVATION INC	$0	–	-31,649	–	-2.44%	–
CELG	Exit	CELGENE CORP	$0	–	-31,287	–	-2.45%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-81,572	–	-2.48%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-30,797	–	-2.56%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-50,369	–	-4.68%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-214,678	–	-4.88%	–
LB	Exit	L BRANDS INC	$0	–	-103,565	–	-5.99%	–
ULTA	Exit	ULTA SALON COSMETCS & FRAG I	$0	–	-61,837	–	-6.46%	–
IYT	Exit	ISHARES TRtrans avg etf	$0	–	-94,434	–	-9.26%	–
INDY	Exit	ISHARESindia 50 etf	$0	–	-472,551	–	-9.56%	–
IHF	Exit	ISHARESus hlthcr pr etf	$0	–	-124,054	–	-11.99%	–
ASHR	Exit	DBX ETF TRdbxtr har cs 300	$0	–	-447,379	–	-13.06%	–

Q2 2015

			Value		Shares		↓ Weighting
IBB	New	ISHARES TRnasdq biotec etf	$22,466,000	–	60,064	–	15.05%	–
ASHR	New	DBX ETF TRdbxtr har cs 300	$19,501,000	–	447,379	–	13.06%	–
IHF	New	ISHARESus hlthcr pr etf	$17,892,000	–	124,054	–	11.99%	–
INDY	New	ISHARESindia 50 etf	$14,276,000	–	472,551	–	9.56%	–
IYT	New	ISHARES TRtrans avg etf	$13,820,000	–	94,434	–	9.26%	–
ULTA	New	ULTA SALON COSMETCS & FRAG I	$9,643,000	–	61,837	–	6.46%	–
LB	New	L BRANDS INC	$8,942,000	–	103,565	–	5.99%	–
LUV	New	SOUTHWEST AIRLS CO	$7,290,000	–	214,678	–	4.88%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$6,978,000	–	50,369	–	4.68%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$3,822,000	–	30,797	–	2.56%	–
XPO	New	XPO LOGISTICS INC	$3,698,000	–	81,572	–	2.48%	–
CELG	New	CELGENE CORP	$3,662,000	–	31,287	–	2.45%	–
MDVN	New	MEDIVATION INC	$3,645,000	–	31,649	–	2.44%	–
AMGN	New	AMGEN INC	$3,202,000	–	20,665	–	2.14%	–
MPW	New	MEDICAL PPTYS TRUST INC	$1,474,000	–	112,407	–	0.99%	–
RNP	New	COHEN & STEERS REIT & PFD IN	$1,428,000	–	81,641	–	0.96%	–
BACPRL	New	BANK AMER CORP7.25%cnv pfd l	$1,352,000	–	1,216	–	0.91%	–
REM	New	ISHARESmrg rl es cp etf	$1,147,000	–	108,396	–	0.77%	–
HTS	New	HATTERAS FINL CORP	$1,112,000	–	68,218	–	0.74%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$1,046,000	–	105,946	–	0.70%	–
CII	New	BLACKROCK ENH CAP & INC FD I	$825,000	–	56,230	–	0.55%	–
BSAC	New	BANCO SANTANDER CHILE NEW	$717,000	–	102,239	–	0.48%	–
FLY	New	FLY LEASING LTDsponsored adr	$366,000	–	23,282	–	0.24%	–
SSW	New	SEASPAN CORP	$354,000	–	18,758	–	0.24%	–
AAPL	New	APPLE INC	$229,000	–	1,829	–	0.15%	–
PGX	New	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$208,000	–	14,303	–	0.14%	–
JMM	New	NUVEEN MULTI MKT INCOME FD	$179,000	–	24,788	–	0.12%	–

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