RiverGlades Family Offices LLC Activity Q4 2017-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TRcore s&p500 etf	$22,836,302	-2.0%	53,178	+1.8%	20.07%	-3.3%
IJH	Buy	ISHARES TRcore s&p mcp etf	$8,292,559	-4.1%	33,257	+0.5%	7.29%	-5.5%
VEA	Buy	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$7,974,970	+0.1%	182,410	+5.7%	7.01%	-1.3%
AGG	Buy	ISHARES TRcore us aggbd et	$5,533,220	+38.8%	58,839	+44.6%	4.86%	+36.9%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,451,058	+0.7%	139,022	+4.5%	4.79%	-0.7%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$4,002,351	-1.0%	24,415	+5.0%	3.52%	-2.4%
IAU	Sell	ISHARES GOLD TRishares new	$3,495,292	-5.9%	99,894	-2.1%	3.07%	-7.2%
BNDX	Buy	VANGUARD CHARLOTTE FDStotal int bd etf	$3,119,282	+12.9%	65,216	+15.4%	2.74%	+11.3%
FLRN	Buy	SPDR SER TRbloomberg invt	$2,544,246	+26.9%	82,821	+26.8%	2.24%	+25.1%
VTEB	Buy	VANGUARD MUN BD FDStax exempt bd	$2,455,511	+2.2%	51,050	+6.7%	2.16%	+0.8%
SHM	Buy	SPDR SER TRnuveen blmbrg sh	$2,277,480	+16.1%	49,264	+18.2%	2.00%	+14.5%
SPSB	Buy	SPDR SER TRportfolio short	$2,238,348	+50.1%	76,342	+50.8%	1.97%	+48.1%
DJP	Buy	BARCLAYS BANK PLCdjubs cmdt etn36	$2,163,826	+5.7%	67,325	+0.5%	1.90%	+4.2%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$2,129,875	-1.1%	16,544	+2.0%	1.87%	-2.4%
IYR	Buy	ISHARES TRu.s. real es etf	$2,058,833	-5.2%	26,348	+4.9%	1.81%	-6.6%
IJR	Buy	ISHARES TRcore s&p scp etf	$1,802,930	-4.4%	19,113	+1.0%	1.58%	-5.7%
XLF	Buy	SELECT SECTOR SPDR TRfinancial	$1,516,268	+0.2%	45,712	+1.9%	1.33%	-1.1%
XLI	Buy	SELECT SECTOR SPDR TRindl	$1,452,269	+3.6%	14,325	+9.7%	1.28%	+2.2%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$1,436,425	-4.1%	8,923	+1.2%	1.26%	-5.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,192,094	-3.5%	2,789	+0.0%	1.05%	-4.9%
VGK	Sell	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,136,703	-8.8%	19,622	-2.8%	1.00%	-10.1%
HYG	Buy	ISHARES TRiboxx hi yd etf	$1,061,495	+34.6%	14,399	+37.0%	0.93%	+32.7%
XLC	Buy	SELECT SECTOR SPDR TR	$1,015,745	+5.0%	15,491	+4.2%	0.89%	+3.6%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$936,298	-5.0%	13,607	+2.4%	0.82%	-6.4%
EEM	Sell	ISHARES TRmsci emg mkt etf	$913,305	-13.1%	24,066	-9.4%	0.80%	-14.3%
VPL	Sell	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$727,655	-7.0%	10,880	-3.0%	0.64%	-8.2%
OKE	New	ONEOK INC NEW	$440,458	–	6,944	–	0.39%	–
CVS	Sell	CVS HEALTH CORP	$432,884	-5.1%	6,200	-6.1%	0.38%	-6.4%
AMZN	Sell	AMAZON COM INC	$431,954	-3.3%	3,398	-0.9%	0.38%	-4.5%
MUB	Sell	ISHARES TRnational mun etf	$410,673	-61.2%	4,005	-59.6%	0.36%	-61.7%
XLB	Buy	SELECT SECTOR SPDR TRsbi materials	$386,231	-2.6%	4,917	+2.7%	0.34%	-4.0%
SLV	Buy	ISHARES SILVER TRishares	$376,697	+2.3%	18,520	+5.1%	0.33%	+0.9%
RTX	Buy	RTX CORPORATION	$331,062	+20.7%	4,600	+64.3%	0.29%	+18.8%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$280,926	-1.9%	3,713	+8.3%	0.25%	-3.1%
GDX	Buy	VANECK ETF TRUSTgold miners etf	$279,568	+5.6%	10,389	+18.2%	0.25%	+4.2%
LQD	Buy	ISHARES TRiboxx inv cp etf	$271,578	-3.5%	2,662	+2.3%	0.24%	-4.8%
IGIB	Buy	ISHARES TR	$252,980	-1.7%	5,200	+2.2%	0.22%	-3.1%
BG	New	BUNGE LIMITED	$216,500	–	2,000	–	0.19%	–
BTU	New	PEABODY ENERGY CORP	$213,118	–	8,200	–	0.19%	–
TSN	Sell	TYSON FOODS INCcl a	$212,058	-28.4%	4,200	-27.6%	0.19%	-29.5%
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$201,423	–	575	–	0.18%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-5,200	–	-0.18%	–
PFE	Exit	PFIZER INC	$0	–	-5,965	–	-0.20%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.58%	–

Q2 2023

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$23,293,327	–	52,261	–	20.76%	–
IJH	New	ISHARES TRcore s&p mcp etf	$8,650,727	–	33,084	–	7.71%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$7,966,789	–	172,516	–	7.10%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,411,986	–	133,038	–	4.82%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$4,041,376	–	23,245	–	3.60%	–
AGG	New	ISHARES TRcore us aggbd et	$3,986,468	–	40,699	–	3.55%	–
IAU	New	ISHARES GOLD TRishares new	$3,713,746	–	102,054	–	3.31%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$3,438,212	–	17,287	–	3.06%	–
BNDX	New	VANGUARD CHARLOTTE FDStotal int bd etf	$2,763,236	–	56,531	–	2.46%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$2,401,772	–	47,825	–	2.14%	–
IYR	New	ISHARES TRu.s. real es etf	$2,172,847	–	25,108	–	1.94%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$2,153,014	–	16,221	–	1.92%	–
DJP	New	BARCLAYS BANK PLCdjubs cmdt etn36	$2,047,121	–	66,965	–	1.82%	–
FLRN	New	SPDR SER TRbloomberg invt	$2,004,518	–	65,315	–	1.79%	–
SHM	New	SPDR SER TRnuveen blmbrg sh	$1,961,703	–	41,694	–	1.75%	–
IJR	New	ISHARES TRcore s&p scp etf	$1,885,976	–	18,926	–	1.68%	–
EFA	New	ISHARES TRmsci eafe etf	$1,815,110	–	25,036	–	1.62%	–
AAPL	New	APPLE INC	$1,594,542	–	8,221	–	1.42%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$1,512,636	–	44,872	–	1.35%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,497,215	–	8,817	–	1.34%	–
SPSB	New	SPDR SER TRportfolio short	$1,490,754	–	50,637	–	1.33%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$1,401,814	–	13,062	–	1.25%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,245,847	–	20,192	–	1.11%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,235,865	–	2,788	–	1.10%	–
MUB	New	ISHARES TRnational mun etf	$1,057,161	–	9,905	–	0.94%	–
EEM	New	ISHARES TRmsci emg mkt etf	$1,050,951	–	26,566	–	0.94%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$985,868	–	13,292	–	0.88%	–
XLC	New	SELECT SECTOR SPDR TR	$967,480	–	14,866	–	0.86%	–
PANW	New	PALO ALTO NETWORKS INC	$843,183	–	3,300	–	0.75%	–
HYG	New	ISHARES TRiboxx hi yd etf	$788,911	–	10,509	–	0.70%	–
MSFT	New	MICROSOFT CORP	$783,242	–	2,300	–	0.70%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$782,259	–	11,220	–	0.70%	–
MPC	New	MARATHON PETE CORP	$781,220	–	6,700	–	0.70%	–
UNH	New	UNITEDHEALTH GROUP INC	$672,896	–	1,400	–	0.60%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$648,876	–	10,412	–	0.58%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$598,720	–	22,722	–	0.53%	–
HUBB	New	HUBBELL INC	$563,652	–	1,700	–	0.50%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$543,677	–	6,698	–	0.48%	–
XOM	New	EXXON MOBIL CORP	$533,569	–	4,975	–	0.48%	–
SLB	New	SCHLUMBERGER LTD	$491,200	–	10,000	–	0.44%	–
CVS	New	CVS HEALTH CORP	$456,258	–	6,600	–	0.41%	–
AMZN	New	AMAZON COM INC	$446,875	–	3,428	–	0.40%	–
BDX	New	BECTON DICKINSON & CO	$422,416	–	1,600	–	0.38%	–
GOOGL	New	ALPHABET INCcap stk cl a	$419,190	–	3,502	–	0.37%	–
MDLZ	New	MONDELEZ INTL INCcl a	$415,758	–	5,700	–	0.37%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$396,699	–	4,787	–	0.35%	–
AMAT	New	APPLIED MATLS INC	$390,258	–	2,700	–	0.35%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$369,195	–	1,500	–	0.33%	–
SLV	New	ISHARES SILVER TRishares	$368,082	–	17,620	–	0.33%	–
AJG	New	GALLAGHER ARTHUR J & CO	$361,413	–	1,646	–	0.32%	–
BAC	New	BANK AMERICA CORP	$324,197	–	11,300	–	0.29%	–
CRM	New	SALESFORCE INC	$322,172	–	1,525	–	0.29%	–
FB	New	META PLATFORMS INCcl a	$317,113	–	1,105	–	0.28%	–
TSN	New	TYSON FOODS INCcl a	$296,032	–	5,800	–	0.26%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$286,444	–	3,428	–	0.26%	–
NVS	New	NOVARTIS AGsponsored adr	$282,548	–	2,800	–	0.25%	–
LQD	New	ISHARES TRiboxx inv cp etf	$281,381	–	2,602	–	0.25%	–
SPG	New	SIMON PPTY GROUP INC NEW	$277,152	–	2,400	–	0.25%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$274,288	–	2,800	–	0.24%	–
GOOG	New	ALPHABET INCcap stk cl c	$270,973	–	2,240	–	0.24%	–
NOW	New	SERVICENOW INC	$266,936	–	475	–	0.24%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$264,637	–	8,789	–	0.24%	–
IGIB	New	ISHARES TR	$257,402	–	5,090	–	0.23%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$257,244	–	3,400	–	0.23%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$255,240	–	4,500	–	0.23%	–
DD	New	DUPONT DE NEMOURS INC	$242,896	–	3,400	–	0.22%	–
PM	New	PHILIP MORRIS INTL INC	$240,146	–	2,460	–	0.21%	–
NTR	New	NUTRIEN LTD	$236,200	–	4,000	–	0.21%	–
ET	New	ENERGY TRANSFER L P	$226,695	–	17,850	–	0.20%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$220,020	–	2,784	–	0.20%	–
PFE	New	PFIZER INC	$218,797	–	5,965	–	0.20%	–
GD	New	GENERAL DYNAMICS CORP	$215,150	–	1,000	–	0.19%	–
FE	New	FIRSTENERGY CORP	$202,176	–	5,200	–	0.18%	–
	New	CRESCENT ENERGY COMPANY	$168,804	–	16,200	–	0.15%	–
AGI	New	ALAMOS GOLD INC NEW	$149,000	–	12,500	–	0.13%	–

Q3 2022

			Value		Shares		↓ Weighting
MAC	Exit	MACERICH CO	$0	–	-11,600	–	-0.09%	–
AGI	Exit	ALAMOS GOLD INC NEW	$0	–	-17,000	–	-0.11%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-17,850	–	-0.16%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-5,200	–	-0.18%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-10,820	–	-0.19%	–
ENB	Exit	ENBRIDGE INC	$0	–	-5,100	–	-0.20%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,000	–	-0.20%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,600	–	-0.21%	–
NOW	Exit	SERVICENOW INC	$0	–	-475	–	-0.21%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-107	–	-0.22%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-8,809	–	-0.22%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-2,700	–	-0.23%	–
PFE	Exit	PFIZER INC	$0	–	-4,750	–	-0.23%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-1,646	–	-0.25%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-3,384	–	-0.25%	–
NI	Exit	NISOURCE INC	$0	–	-9,600	–	-0.26%	–
VIAC	Exit	PARAMOUNT GLOBAL	$0	–	-11,500	–	-0.26%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,252	–	-0.27%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-2,717	–	-0.28%	–
HUBB	Exit	HUBBELL INC	$0	–	-1,700	–	-0.28%	–
V	Exit	VISA INC	$0	–	-1,550	–	-0.28%	–
NTR	Exit	NUTRIEN LTD	$0	–	-4,000	–	-0.30%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-4,367	–	-0.30%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-6,200	–	-0.31%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,975	–	-0.32%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-4,000	–	-0.32%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,500	–	-0.32%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-11,300	–	-0.33%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-3,700	–	-0.33%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-10,000	–	-0.33%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-3,420	–	-0.34%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,600	–	-0.36%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,475	–	-0.37%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-4,875	–	-0.38%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-6,634	–	-0.44%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-7,700	–	-0.44%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,860	–	-0.44%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.46%	–
CRM	Exit	SALESFORCE INC	$0	–	-3,125	–	-0.48%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-1,100	–	-0.50%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,900	–	-0.51%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-22,721	–	-0.51%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-7,200	–	-0.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,325	–	-0.55%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,760	–	-0.57%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-283	–	-0.57%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,400	–	-0.67%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-10,509	–	-0.72%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-12,325	–	-0.72%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-14,571	–	-0.73%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-12,297	–	-0.82%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-26,602	–	-0.99%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,888	–	-1.01%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-12,552	–	-1.02%	–
AAPL	Exit	APPLE INC	$0	–	-8,337	–	-1.06%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-22,042	–	-1.08%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-8,572	–	-1.09%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-44,912	–	-1.31%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-51,712	–	-1.42%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-25,112	–	-1.46%	–
FLRN	Exit	SPDR SER TRbloomberg invt	$0	–	-60,325	–	-1.68%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-21,982	–	-1.88%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-16,161	–	-1.92%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sh	$0	–	-47,654	–	-2.09%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-25,108	–	-2.14%	–
DJP	Exit	BARCLAYS BANK PLCdjubs cmdt etn36	$0	–	-72,905	–	-2.35%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-56,875	–	-2.63%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-23,376	–	-2.76%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-18,032	–	-2.94%	–
BNDX	Exit	VANGUARD CHARLOTTE FDStotal int bd etf	$0	–	-73,263	–	-3.36%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-108,348	–	-3.45%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-52,104	–	-4.91%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-145,985	–	-5.64%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$0	–	-171,394	–	-6.48%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-34,771	–	-7.29%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-55,254	–	-19.42%	–

Q2 2022

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$20,949,000	–	55,254	–	19.42%	–
IJH	New	ISHARES TRcore s&p mcp etf	$7,866,000	–	34,771	–	7.29%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$6,993,000	–	171,394	–	6.48%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$6,080,000	–	145,985	–	5.64%	–
AGG	New	ISHARES TRcore us aggbd et	$5,298,000	–	52,104	–	4.91%	–
IAU	New	ISHARES GOLD TRishares new	$3,717,000	–	108,348	–	3.45%	–
BNDX	New	VANGUARD CHARLOTTE FDStotal int bd etf	$3,629,000	–	73,263	–	3.36%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$3,176,000	–	18,032	–	2.94%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$2,972,000	–	23,376	–	2.76%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$2,839,000	–	56,875	–	2.63%	–
DJP	New	BARCLAYS BANK PLCdjubs cmdt etn36	$2,537,000	–	72,905	–	2.35%	–
IYR	New	ISHARES TRu.s. real es etf	$2,309,000	–	25,108	–	2.14%	–
SHM	New	SPDR SER TRnuveen blmbrg sh	$2,252,000	–	47,654	–	2.09%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$2,072,000	–	16,161	–	1.92%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,031,000	–	21,982	–	1.88%	–
FLRN	New	SPDR SER TRbloomberg invt	$1,816,000	–	60,325	–	1.68%	–
EFA	New	ISHARES TRmsci eafe etf	$1,569,000	–	25,112	–	1.46%	–
SPSB	New	SPDR SER TRportfolio short	$1,537,000	–	51,712	–	1.42%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$1,412,000	–	44,912	–	1.31%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,178,000	–	8,572	–	1.09%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,164,000	–	22,042	–	1.08%	–
AAPL	New	APPLE INC	$1,140,000	–	8,337	–	1.06%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$1,096,000	–	12,552	–	1.02%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,089,000	–	2,888	–	1.01%	–
EEM	New	ISHARES TRmsci emg mkt etf	$1,067,000	–	26,602	–	0.99%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$888,000	–	12,297	–	0.82%	–
XLC	New	SELECT SECTOR SPDR TR	$791,000	–	14,571	–	0.73%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$782,000	–	12,325	–	0.72%	–
HYG	New	ISHARES TRiboxx hi yd etf	$774,000	–	10,509	–	0.72%	–
UNH	New	UNITEDHEALTH GROUP INC	$719,000	–	1,400	–	0.67%	–
GOOGL	New	ALPHABET INCcap stk cl a	$617,000	–	283	–	0.57%	–
AMZN	New	AMAZON COM INC	$612,000	–	5,760	–	0.57%	–
MSFT	New	MICROSOFT CORP	$597,000	–	2,325	–	0.55%	–
MPC	New	MARATHON PETE CORP	$592,000	–	7,200	–	0.55%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$554,000	–	22,721	–	0.51%	–
CVS	New	CVS HEALTH CORP	$547,000	–	5,900	–	0.51%	–
PANW	New	PALO ALTO NETWORKS INC	$543,000	–	1,100	–	0.50%	–
CRM	New	SALESFORCE INC	$516,000	–	3,125	–	0.48%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$497,000	–	10,412	–	0.46%	–
PM	New	PHILIP MORRIS INTL INC	$480,000	–	4,860	–	0.44%	–
MDLZ	New	MONDELEZ INTL INCcl a	$478,000	–	7,700	–	0.44%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$474,000	–	6,634	–	0.44%	–
NVS	New	NOVARTIS AGsponsored adr	$412,000	–	4,875	–	0.38%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$403,000	–	1,475	–	0.37%	–
BDX	New	BECTON DICKINSON & CO	$394,000	–	1,600	–	0.36%	–
MUB	New	ISHARES TRnational mun etf	$364,000	–	3,420	–	0.34%	–
SLB	New	SCHLUMBERGER LTD	$358,000	–	10,000	–	0.33%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$356,000	–	3,700	–	0.33%	–
BAC	New	BK OF AMERICA CORP	$352,000	–	11,300	–	0.33%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$350,000	–	1,500	–	0.32%	–
TSN	New	TYSON FOODS INCcl a	$344,000	–	4,000	–	0.32%	–
XOM	New	EXXON MOBIL CORP	$340,000	–	3,975	–	0.32%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$334,000	–	6,200	–	0.31%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$321,000	–	4,367	–	0.30%	–
NTR	New	NUTRIEN LTD	$319,000	–	4,000	–	0.30%	–
V	New	VISA INC	$305,000	–	1,550	–	0.28%	–
HUBB	New	HUBBELL INC	$304,000	–	1,700	–	0.28%	–
LQD	New	ISHARES TRiboxx inv cp etf	$299,000	–	2,717	–	0.28%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$296,000	–	3,252	–	0.27%	–
VIAC	New	PARAMOUNT GLOBAL	$284,000	–	11,500	–	0.26%	–
NI	New	NISOURCE INC	$283,000	–	9,600	–	0.26%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$271,000	–	3,384	–	0.25%	–
AJG	New	GALLAGHER ARTHUR J & CO	$268,000	–	1,646	–	0.25%	–
PFE	New	PFIZER INC	$249,000	–	4,750	–	0.23%	–
AMAT	New	APPLIED MATLS INC	$246,000	–	2,700	–	0.23%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$241,000	–	8,809	–	0.22%	–
GOOG	New	ALPHABET INCcap stk cl c	$234,000	–	107	–	0.22%	–
NOW	New	SERVICENOW INC	$226,000	–	475	–	0.21%	–
WDAY	New	WORKDAY INCcl a	$223,000	–	1,600	–	0.21%	–
GD	New	GENERAL DYNAMICS CORP	$221,000	–	1,000	–	0.20%	–
ENB	New	ENBRIDGE INC	$216,000	–	5,100	–	0.20%	–
SLV	New	ISHARES SILVER TRishares	$202,000	–	10,820	–	0.19%	–
FE	New	FIRSTENERGY CORP	$200,000	–	5,200	–	0.18%	–
ET	New	ENERGY TRANSFER L P	$178,000	–	17,850	–	0.16%	–
AGI	New	ALAMOS GOLD INC NEW	$119,000	–	17,000	–	0.11%	–
MAC	New	MACERICH CO	$101,000	–	11,600	–	0.09%	–

Q4 2021

			Value		Shares		↓ Weighting
ZOM	Exit	ZOMEDICA CORP	$0	–	-10,900	–	-0.01%	–
NAK	Exit	NORTHERN DYNASTY MINERALS LT	$0	–	-18,750	–	-0.01%	–
AGI	Exit	ALAMOS GOLD INC NEW	$0	–	-12,000	–	-0.07%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-17,850	–	-0.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,000	–	-0.15%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-10,320	–	-0.17%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-7,409	–	-0.17%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,825	–	-0.18%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-3,400	–	-0.18%	–
VMW	Exit	VMWARE INC	$0	–	-1,650	–	-0.19%	–
NTR	Exit	NUTRIEN LTD	$0	–	-4,000	–	-0.20%	–
NI	Exit	NISOURCE INC	$0	–	-10,700	–	-0.20%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-7,450	–	-0.21%	–
ENB	Exit	ENBRIDGE INC	$0	–	-7,100	–	-0.22%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-107	–	-0.22%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-9,769	–	-0.23%	–
NOW	Exit	SERVICENOW INC	$0	–	-475	–	-0.23%	–
HUBB	Exit	HUBBELL INC	$0	–	-1,700	–	-0.24%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,500	–	-0.25%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-3,700	–	-0.25%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,188	–	-0.25%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-6,309	–	-0.26%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-5,650	–	-0.26%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-4,377	–	-0.27%	–
V	Exit	VISA INC	$0	–	-1,550	–	-0.27%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-2,700	–	-0.27%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-6,200	–	-0.27%	–
PFE	Exit	PFIZER INC	$0	–	-8,250	–	-0.28%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-4,750	–	-0.29%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-9,800	–	-0.30%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-4,875	–	-0.31%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,600	–	-0.31%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,475	–	-0.32%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,650	–	-0.32%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-7,200	–	-0.35%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,860	–	-0.36%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.37%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-11,300	–	-0.38%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-8,459	–	-0.38%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-22,720	–	-0.38%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,400	–	-0.43%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-1,150	–	-0.43%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-6,650	–	-0.44%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-7,274	–	-0.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,300	–	-0.51%	–
IGIB	Exit	ISHARES TR	$0	–	-11,749	–	-0.55%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-284	–	-0.59%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-12,251	–	-0.66%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,125	–	-0.66%	–
AMZN	Exit	AMAZON COM INC	$0	–	-297	–	-0.76%	–
AAPL	Exit	APPLE INC	$0	–	-8,553	–	-0.94%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-12,422	–	-0.95%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,954	–	-0.99%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-15,835	–	-0.99%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,394	–	-1.08%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-17,160	–	-1.09%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-17,550	–	-1.18%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-30,151	–	-1.19%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-48,907	–	-1.19%	–
DJP	Exit	BARCLAYS BANK PLCdjubs cmdt etn36	$0	–	-55,405	–	-1.27%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-44,920	–	-1.32%	–
FLRN	Exit	SPDR SER TRblomberg brc inv	$0	–	-55,625	–	-1.33%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,646	–	-1.35%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-28,862	–	-1.48%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-25,036	–	-1.53%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-16,187	–	-1.61%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sr	$0	–	-46,854	–	-1.81%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-19,940	–	-1.81%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-22,818	–	-1.82%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-24,226	–	-2.07%	–
IAU	Exit	GOLD TRishares new	$0	–	-104,825	–	-2.74%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-63,980	–	-2.74%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-17,147	–	-2.93%	–
BNDX	Exit	VANGUARD CHARLOTTE FDStotal int bd etf	$0	–	-70,558	–	-3.14%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-27,823	–	-3.25%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-49,467	–	-4.44%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-151,085	–	-5.90%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-162,515	–	-6.41%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-34,964	–	-7.19%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-56,528	–	-19.03%	–

Q3 2021

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TRcore s&p500 etf	$24,353,000	+0.2%	56,528	+0.0%	19.03%	+1.3%
IJH	Buy	ISHARES TRcore s&p mcp etf	$9,198,000	-1.3%	34,964	+0.9%	7.19%	-0.2%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$8,205,000	-0.6%	162,515	+1.5%	6.41%	+0.5%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$7,556,000	-7.3%	151,085	+0.7%	5.90%	-6.3%
AGG	Sell	ISHARES TRcore us aggbd et	$5,680,000	-2.5%	49,467	-2.1%	4.44%	-1.5%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$4,155,000	+0.4%	27,823	-0.7%	3.25%	+1.5%
BNDX	Sell	VANGUARD CHARLOTTE FDStotal int bd etf	$4,019,000	-0.4%	70,558	-0.2%	3.14%	+0.6%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$3,750,000	-2.2%	17,147	+0.7%	2.93%	-1.2%
VTEB	Sell	VANGUARD MUN BD FDStax exempt bd	$3,504,000	-1.4%	63,980	-0.4%	2.74%	-0.4%
IAU	Buy	GOLD TRishares new	$3,502,000	-0.1%	104,825	+0.8%	2.74%	+1.0%
IJR	Buy	ISHARES TRcore s&p scp etf	$2,645,000	-2.6%	24,226	+0.8%	2.07%	-1.5%
IYR	Buy	ISHARES TRu.s. real es etf	$2,336,000	+1.9%	22,818	+1.4%	1.82%	+2.9%
SHM	Sell	SPDR SER TRnuveen blmbrg sr	$2,315,000	-0.7%	46,854	-0.4%	1.81%	+0.3%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$2,061,000	+0.9%	16,187	-0.2%	1.61%	+1.9%
VGK	Sell	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,894,000	-2.5%	28,862	-0.1%	1.48%	-1.5%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$1,731,000	+0.9%	9,646	+0.4%	1.35%	+2.0%
FLRN	Sell	SPDR SER TRblomberg brc inv	$1,705,000	-0.6%	55,625	-0.6%	1.33%	+0.5%
XLF	Buy	SELECT SECTOR SPDR TRfinancial	$1,686,000	+2.6%	44,920	+0.3%	1.32%	+3.7%
DJP	Buy	BARCLAYS BANK PLCdjubs cmdt etn36	$1,621,000	+10.0%	55,405	+2.3%	1.27%	+11.2%
SPSB	Sell	SPDR SER TRportfolio short	$1,528,000	-1.9%	48,907	-1.7%	1.19%	-0.8%
VPL	Sell	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,391,000	-1.6%	17,160	-0.1%	1.09%	-0.5%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,383,000	-6.6%	10,394	-5.6%	1.08%	-5.5%
XLC	Sell	SELECT SECTOR SPDR TR	$1,269,000	-1.2%	15,835	-0.3%	0.99%	-0.2%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,268,000	-0.5%	2,954	-0.8%	0.99%	+0.5%
XLI	Buy	SELECT SECTOR SPDR TRsbi int-inds	$1,215,000	-3.6%	12,422	+0.9%	0.95%	-2.7%
AMZN	Buy	AMAZON COM INC	$976,000	-3.8%	297	+0.7%	0.76%	-2.8%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$843,000	-1.4%	12,251	+0.2%	0.66%	-0.3%
IGIB	Sell	ISHARES TR	$706,000	-7.6%	11,749	-7.0%	0.55%	-6.6%
HYG	Sell	ISHARES TRiboxx hi yd etf	$636,000	-3.9%	7,274	-3.3%	0.50%	-2.9%
MPC	Sell	MARATHON PETE CORP	$445,000	+0.9%	7,200	-1.4%	0.35%	+2.1%
XLB	Buy	SELECT SECTOR SPDR TRsbi materials	$346,000	-3.1%	4,377	+1.0%	0.27%	-2.2%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$329,000	0.0%	6,309	+3.3%	0.26%	+1.2%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$318,000	-1.2%	3,700	-2.1%	0.25%	-0.4%
NOW	Sell	SERVICENOW INC	$296,000	+2.4%	475	-9.5%	0.23%	+3.6%
SLB	Buy	SCHLUMBERGER LTD	$290,000	+45.0%	9,769	+56.3%	0.23%	+46.5%
ENB	Sell	ENBRIDGE INC	$283,000	-9.3%	7,100	-9.0%	0.22%	-8.3%
VMW	Buy	VMWARE INC	$245,000	+2.1%	1,650	+10.0%	0.19%	+2.7%
XOM	New	EXXON MOBIL CORP	$225,000	–	3,825	–	0.18%	–
SLV	New	ISHARES SILVER TRishares	$212,000	–	10,320	–	0.17%	–
GD	Sell	GENERAL DYNAMICS CORP	$196,000	-26.3%	1,000	-29.3%	0.15%	-25.7%
AGI	Buy	ALAMOS GOLD INC NEW	$86,000	+2.4%	12,000	+9.1%	0.07%	+3.1%
QCOM	Exit	QUALCOMM INC	$0	–	-1,600	–	-0.18%	–

Q2 2021

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$24,294,000	–	56,508	–	18.79%	–
IJH	New	ISHARES TRcore s&p mcp etf	$9,317,000	–	34,669	–	7.20%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$8,252,000	–	160,175	–	6.38%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$8,149,000	–	150,045	–	6.30%	–
AGG	New	ISHARES TRcore us aggbd et	$5,828,000	–	50,535	–	4.51%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$4,138,000	–	28,026	–	3.20%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$4,036,000	–	70,678	–	3.12%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$3,835,000	–	17,022	–	2.97%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$3,554,000	–	64,265	–	2.75%	–
IAU	New	ISHARES GOLD TRishares new	$3,505,000	–	103,962	–	2.71%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,715,000	–	24,031	–	2.10%	–
MUB	New	ISHARES TRnational mun etf	$2,337,000	–	19,940	–	1.81%	–
SHM	New	SPDR SER TRnuveen blmbrg sr	$2,332,000	–	47,054	–	1.80%	–
IYR	New	ISHARES TRu.s. real es etf	$2,293,000	–	22,493	–	1.77%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$2,043,000	–	16,217	–	1.58%	–
EFA	New	ISHARES TRmsci eafe etf	$1,975,000	–	25,036	–	1.53%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,943,000	–	28,892	–	1.50%	–
FLRN	New	SPDR SER TRblomberg brc inv	$1,715,000	–	55,955	–	1.33%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,715,000	–	9,606	–	1.33%	–
EEM	New	ISHARES TRmsci emg mkt etf	$1,663,000	–	30,151	–	1.29%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$1,643,000	–	44,775	–	1.27%	–
SPSB	New	SPDR SER TRportfolio short	$1,557,000	–	49,737	–	1.20%	–
SHY	New	ISHARES TR1 3 yr treas bd	$1,512,000	–	17,550	–	1.17%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,480,000	–	11,014	–	1.14%	–
DJP	New	BARCLAYS BANK PLCdjubs cmdt etn36	$1,473,000	–	54,145	–	1.14%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,414,000	–	17,185	–	1.09%	–
XLC	New	SELECT SECTOR SPDR TR	$1,285,000	–	15,875	–	0.99%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,275,000	–	2,979	–	0.99%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$1,261,000	–	12,317	–	0.98%	–
AAPL	New	APPLE INC	$1,171,000	–	8,553	–	0.91%	–
AMZN	New	AMAZON COM INC	$1,015,000	–	295	–	0.78%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$855,000	–	12,221	–	0.66%	–
IGIB	New	ISHARES TR	$764,000	–	12,629	–	0.59%	–
CRM	New	SALESFORCE COM INC	$763,000	–	3,125	–	0.59%	–
GOOGL	New	ALPHABET INCcap stk cl a	$693,000	–	284	–	0.54%	–
HYG	New	ISHARES TRiboxx hi yd etf	$662,000	–	7,522	–	0.51%	–
MSFT	New	MICROSOFT CORP	$623,000	–	2,300	–	0.48%	–
UNH	New	UNITEDHEALTH GROUP INC	$561,000	–	1,400	–	0.43%	–
CVS	New	CVS HEALTH CORP	$555,000	–	6,650	–	0.43%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$548,000	–	22,720	–	0.42%	–
MDLZ	New	MONDELEZ INTL INCcl a	$528,000	–	8,459	–	0.41%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$509,000	–	10,412	–	0.39%	–
PM	New	PHILIP MORRIS INTL INC	$482,000	–	4,860	–	0.37%	–
BAC	New	BK OF AMERICA CORP	$466,000	–	11,300	–	0.36%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$446,000	–	6,200	–	0.34%	–
NVS	New	NOVARTIS AGsponsored adr	$445,000	–	4,875	–	0.34%	–
VIAC	New	VIACOMCBS INCcl b	$443,000	–	9,800	–	0.34%	–
MPC	New	MARATHON PETE CORP	$441,000	–	7,300	–	0.34%	–
PANW	New	PALO ALTO NETWORKS INC	$427,000	–	1,150	–	0.33%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$410,000	–	1,475	–	0.32%	–
BDX	New	BECTON DICKINSON & CO	$401,000	–	1,650	–	0.31%	–
AMAT	New	APPLIED MATLS INC	$384,000	–	2,700	–	0.30%	–
WDAY	New	WORKDAY INCcl a	$382,000	–	1,600	–	0.30%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$378,000	–	5,650	–	0.29%	–
V	New	VISA INC	$362,000	–	1,550	–	0.28%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$357,000	–	4,332	–	0.28%	–
TSN	New	TYSON FOODS INCcl a	$350,000	–	4,750	–	0.27%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$351,000	–	1,500	–	0.27%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$329,000	–	6,109	–	0.25%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$325,000	–	3,188	–	0.25%	–
PFE	New	PFIZER INC	$323,000	–	8,250	–	0.25%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$322,000	–	3,779	–	0.25%	–
HUBB	New	HUBBELL INC	$318,000	–	1,700	–	0.25%	–
ENB	New	ENBRIDGE INC	$312,000	–	7,800	–	0.24%	–
NOW	New	SERVICENOW INC	$289,000	–	525	–	0.22%	–
FE	New	FIRSTENERGY CORP	$277,000	–	7,450	–	0.21%	–
GOOG	New	ALPHABET INCcap stk cl c	$268,000	–	107	–	0.21%	–
GD	New	GENERAL DYNAMICS CORP	$266,000	–	1,415	–	0.21%	–
DD	New	DUPONT DE NEMOURS INC	$263,000	–	3,400	–	0.20%	–
NI	New	NISOURCE INC	$262,000	–	10,700	–	0.20%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$252,000	–	7,409	–	0.20%	–
NTR	New	NUTRIEN LTD	$242,000	–	4,000	–	0.19%	–
VMW	New	VMWARE INC	$240,000	–	1,500	–	0.19%	–
QCOM	New	QUALCOMM INC	$229,000	–	1,600	–	0.18%	–
SLB	New	SCHLUMBERGER LTD	$200,000	–	6,250	–	0.16%	–
ET	New	ENERGY TRANSFER L P	$190,000	–	17,850	–	0.15%	–
AGI	New	ALAMOS GOLD INC NEW	$84,000	–	11,000	–	0.06%	–
ZOM	New	ZOMEDICA CORP	$9,000	–	10,900	–	0.01%	–
NAK	New	NORTHERN DYNASTY MINERALS LT	$9,000	–	18,750	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
ET	Exit	ENERGY TRANSFER LP	$0	–	-31,500	–	-0.16%	–
ENB	Exit	ENBRIDGE INC	$0	–	-7,300	–	-0.20%	–
VMW	Exit	VMWARE INC	$0	–	-1,500	–	-0.21%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-3,700	–	-0.21%	–
VIAC	Exit	VIACOMCBS INCcl b	$0	–	-8,100	–	-0.22%	–
STT	Exit	STATE STR CORP	$0	–	-3,900	–	-0.22%	–
HUBB	Exit	HUBBELL INC	$0	–	-1,700	–	-0.22%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,000	–	-0.22%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-8,100	–	-0.23%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-4,500	–	-0.23%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-3,825	–	-0.23%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,188	–	-0.24%	–
NOW	Exit	SERVICENOW INC	$0	–	-525	–	-0.24%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-6,569	–	-0.25%	–
BLK	Exit	BLACKROCK INC	$0	–	-500	–	-0.27%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,500	–	-0.27%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-12,300	–	-0.28%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,960	–	-0.28%	–
PFE	Exit	PFIZER INC	$0	–	-8,250	–	-0.29%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-1,300	–	-0.30%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-5,946	–	-0.33%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,600	–	-0.33%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.34%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-22,710	–	-0.34%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,755	–	-0.36%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-6,500	–	-0.36%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-284	–	-0.40%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-7,000	–	-0.40%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-4,875	–	-0.40%	–
V	Exit	VISA INC	$0	–	-2,150	–	-0.41%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,480	–	-0.44%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-5,782	–	-0.46%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-8,459	–	-0.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,450	–	-0.49%	–
IGIB	Exit	ISHARES TR	$0	–	-13,009	–	-0.76%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,285	–	-0.79%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-13,431	–	-0.82%	–
DJP	Exit	BARCLAYS BANK PLCdjubs cmdt etn36	$0	–	-44,920	–	-0.84%	–
AMZN	Exit	AMAZON COM INC	$0	–	-279	–	-0.84%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-12,037	–	-0.89%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,859	–	-0.91%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-16,505	–	-0.94%	–
AAPL	Exit	APPLE INC	$0	–	-9,647	–	-1.07%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-16,980	–	-1.10%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-49,395	–	-1.14%	–
SPSB	Exit	SPDR SER TRportfolio short	$0	–	-44,457	–	-1.33%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,491	–	-1.33%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-17,550	–	-1.45%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-29,257	–	-1.47%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-11,609	–	-1.49%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-20,601	–	-1.57%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-23,835	–	-1.60%	–
FLRN	Exit	SPDR SER TRblomberg brc inv	$0	–	-55,170	–	-1.61%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-17,230	–	-1.74%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-20,410	–	-2.26%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sr	$0	–	-47,454	–	-2.26%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-17,588	–	-2.58%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-73,714	–	-2.88%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-28,603	–	-3.19%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-77,872	–	-3.28%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-63,665	–	-3.31%	–
IAU	Exit	GOLD TRUSTishares	$0	–	-216,699	–	-3.72%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-98,791	–	-4.08%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-75,804	–	-4.21%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-72,382	–	-4.40%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-52,597	–	-5.93%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-34,256	–	-6.06%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-55,460	–	-17.81%	–

Q3 2020

			Value		Shares		↓ Weighting
IVV	Sell	ISHARES TRcore s&p500 etf	$18,638,000	+8.5%	55,460	-0.1%	17.81%	+1.3%
IJH	Buy	ISHARES TRcore s&p mcp etf	$6,348,000	+4.7%	34,256	+0.5%	6.06%	-2.2%
AGG	Buy	ISHARES TRcore us aggbd et	$6,210,000	+0.1%	52,597	+0.2%	5.93%	-6.5%
BNDX	Buy	VANGUARD CHARLOTTE FDSintl bd idx etf	$4,411,000	+1.9%	75,804	+1.1%	4.21%	-4.8%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$4,272,000	+10.4%	98,791	+1.1%	4.08%	+3.2%
IAU	Buy	GOLD TRUSTishares	$3,898,000	+7.1%	216,699	+1.2%	3.72%	+0.1%
VTEB	Buy	VANGUARD MUN BD FDStax exempt bd	$3,466,000	+1.6%	63,665	+1.0%	3.31%	-5.1%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$3,338,000	+11.3%	28,603	-0.3%	3.19%	+3.9%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$3,015,000	+10.3%	73,714	+4.6%	2.88%	+3.1%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$2,705,000	+6.2%	17,588	+0.7%	2.58%	-0.8%
SHM	Buy	SPDR SER TRnuveen blmbrg sr	$2,367,000	+5.1%	47,454	+5.1%	2.26%	-1.8%
MUB	Buy	ISHARES TRnational mun etf	$2,366,000	+1.5%	20,410	+1.0%	2.26%	-5.2%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$1,817,000	+5.8%	17,230	+0.4%	1.74%	-1.1%
FLRN	Buy	SPDR SER TRblomberg brc inv	$1,687,000	+1.9%	55,170	+1.5%	1.61%	-4.8%
IJR	Sell	ISHARES TRcore s&p scp etf	$1,674,000	+2.5%	23,835	-0.3%	1.60%	-4.3%
IYR	Buy	ISHARES TRu.s. real es etf	$1,645,000	+3.5%	20,601	+2.2%	1.57%	-3.3%
LQD	Buy	ISHARES TRiboxx inv cp etf	$1,564,000	+4.0%	11,609	+3.8%	1.49%	-2.9%
VGK	Sell	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,534,000	+3.8%	29,257	-0.3%	1.47%	-3.0%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$1,395,000	+15.4%	9,491	+0.3%	1.33%	+7.8%
SPSB	Buy	SPDR SER TRportfolio short	$1,395,000	+14.5%	44,457	+14.4%	1.33%	+7.0%
VPL	Sell	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,155,000	+6.5%	16,980	-0.4%	1.10%	-0.5%
AAPL	Buy	APPLE INC	$1,117,000	+29.9%	9,647	+309.5%	1.07%	+21.2%
XLC	Sell	SELECT SECTOR SPDR TR	$980,000	+9.7%	16,505	-0.1%	0.94%	+2.5%
AMZN	Buy	AMAZON COM INC	$878,000	+21.4%	279	+6.5%	0.84%	+13.4%
DJP	Buy	BARCLAYS BANK PLCdjubs cmdt etn36	$875,000	+21.5%	44,920	+9.7%	0.84%	+13.6%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$861,000	+10.4%	13,431	+1.0%	0.82%	+3.1%
CRM	Buy	SALESFORCE COM INC	$826,000	+35.2%	3,285	+0.8%	0.79%	+26.2%
IGIB	Buy	ISHARES TR	$791,000	+14.0%	13,009	+13.2%	0.76%	+6.5%
MSFT	Buy	MICROSOFT CORP	$515,000	+6.8%	2,450	+3.4%	0.49%	-0.2%
HYG	Buy	ISHARES TRiboxx hi yd etf	$485,000	+7.3%	5,782	+4.5%	0.46%	+0.2%
GOOGL	Buy	ALPHABET INCcap stk cl a	$416,000	+6.9%	284	+3.6%	0.40%	-0.3%
CVS	Buy	CVS HEALTH CORP	$380,000	+6.4%	6,500	+18.2%	0.36%	-0.5%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$342,000	+12.1%	5,946	+20.2%	0.33%	+4.8%
PM	Buy	PHILIP MORRIS INTL INC	$297,000	+30.3%	3,960	+21.5%	0.28%	+21.9%
STZ	New	CONSTELLATION BRANDS INCcl a	$284,000	–	1,500	–	0.27%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$242,000	–	4,500	–	0.23%	–
MPC	Buy	MARATHON PETE CORP	$238,000	+7.7%	8,100	+37.3%	0.23%	+0.4%
BDX	New	BECTON DICKINSON & CO	$233,000	–	1,000	–	0.22%	–
VIAC	New	VIACOMCBS INCcl b	$227,000	–	8,100	–	0.22%	–
TSN	Buy	TYSON FOODS INCcl a	$220,000	+5.3%	3,700	+5.7%	0.21%	-1.9%
VMW	New	VMWARE INC	$216,000	–	1,500	–	0.21%	–
	Exit	TOP SHIPS INC	$0	–	-37,000	–	-0.01%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-6,634	–	-0.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,450	–	-0.50%	–

Q2 2020

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$17,185,000	–	55,490	–	17.58%	–
AGG	New	ISHARES TRcore us aggbd et	$6,205,000	–	52,492	–	6.35%	–
IJH	New	ISHARES TRcore s&p mcp etf	$6,063,000	–	34,095	–	6.20%	–
EFA	New	ISHARES TRmsci eafe etf	$4,406,000	–	72,382	–	4.51%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$4,327,000	–	74,957	–	4.43%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$3,869,000	–	97,676	–	3.96%	–
IAU	New	GOLD TRUSTishares	$3,639,000	–	214,209	–	3.72%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$3,412,000	–	63,025	–	3.49%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,114,000	–	77,872	–	3.18%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$2,999,000	–	28,698	–	3.07%	–
VEA	New	VANGUARD TAX-MANAGED FDSftse dev mkt etf	$2,733,000	–	70,454	–	2.80%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$2,546,000	–	17,470	–	2.60%	–
MUB	New	ISHARES TRnational mun etf	$2,332,000	–	20,210	–	2.38%	–
SHM	New	SPDR SER TRnuveen blmbrg sr	$2,252,000	–	45,154	–	2.30%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,717,000	–	17,155	–	1.76%	–
FLRN	New	SPDR SER TRblomberg brc inv	$1,656,000	–	54,335	–	1.69%	–
IJR	New	ISHARES TRcore s&p scp etf	$1,633,000	–	23,907	–	1.67%	–
IYR	New	ISHARES TRu.s. real es etf	$1,589,000	–	20,163	–	1.62%	–
SHY	New	ISHARES TR1 3 yr treas bd	$1,520,000	–	17,550	–	1.56%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,504,000	–	11,179	–	1.54%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,478,000	–	29,357	–	1.51%	–
SPSB	New	SPDR SER TRportfolio short	$1,218,000	–	38,877	–	1.25%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,209,000	–	9,466	–	1.24%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,143,000	–	49,395	–	1.17%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,085,000	–	17,045	–	1.11%	–
XLC	New	SELECT SECTOR SPDR TR	$893,000	–	16,525	–	0.91%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$882,000	–	2,859	–	0.90%	–
AAPL	New	APPLE INC	$860,000	–	2,356	–	0.88%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$827,000	–	12,037	–	0.85%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$780,000	–	13,296	–	0.80%	–
AMZN	New	AMAZON COM INC	$723,000	–	262	–	0.74%	–
DJP	New	BARCLAYS BANK PLCdjubs cmdt etn36	$720,000	–	40,930	–	0.74%	–
IGIB	New	ISHARES TRintrm tr crp etf	$694,000	–	11,489	–	0.71%	–
CRM	New	SALESFORCE COM INC	$611,000	–	3,260	–	0.62%	–
JNJ	New	JOHNSON & JOHNSON	$485,000	–	3,450	–	0.50%	–
MSFT	New	MICROSOFT CORP	$482,000	–	2,370	–	0.49%	–
HYG	New	ISHARES TRiboxx hi yd etf	$452,000	–	5,532	–	0.46%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$449,000	–	10,412	–	0.46%	–
UNH	New	UNITEDHEALTH GROUP INC	$437,000	–	1,480	–	0.45%	–
MDLZ	New	MONDELEZ INTL INCcl a	$433,000	–	8,459	–	0.44%	–
NVS	New	NOVARTIS AGsponsored adr	$426,000	–	4,875	–	0.44%	–
V	New	VISA INC	$415,000	–	2,150	–	0.42%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$413,000	–	22,710	–	0.42%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$412,000	–	7,000	–	0.42%	–
GOOGL	New	ALPHABET INCcap stk cl a	$389,000	–	274	–	0.40%	–
CVS	New	CVS HEALTH CORP	$357,000	–	5,500	–	0.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$313,000	–	1,755	–	0.32%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$305,000	–	4,946	–	0.31%	–
WDAY	New	WORKDAY INCcl a	$300,000	–	1,600	–	0.31%	–
PANW	New	PALO ALTO NETWORKS INC	$299,000	–	1,300	–	0.31%	–
BAC	New	BK OF AMERICA CORP	$292,000	–	12,300	–	0.30%	–
BLK	New	BLACKROCK INC	$272,000	–	500	–	0.28%	–
PFE	New	PFIZER INC	$270,000	–	8,250	–	0.28%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$251,000	–	6,634	–	0.26%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$250,000	–	3,188	–	0.26%	–
STT	New	STATE STR CORP	$248,000	–	3,900	–	0.25%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$241,000	–	6,569	–	0.25%	–
PM	New	PHILIP MORRIS INTL INC	$228,000	–	3,260	–	0.23%	–
ET	New	ENERGY TRANSFER LP	$224,000	–	31,500	–	0.23%	–
ENB	New	ENBRIDGE INC	$222,000	–	7,300	–	0.23%	–
MPC	New	MARATHON PETE CORP	$221,000	–	5,900	–	0.23%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$216,000	–	3,825	–	0.22%	–
HUBB	New	HUBBELL INC	$213,000	–	1,700	–	0.22%	–
NOW	New	SERVICENOW INC	$213,000	–	525	–	0.22%	–
TSN	New	TYSON FOODS INCcl a	$209,000	–	3,500	–	0.21%	–
	New	TOP SHIPS INC	$5,000	–	37,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
HBI	Exit	HANESBRANDS INC	$0	–	-11,000	–	-0.15%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-3,640	–	-0.19%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-900	–	-0.22%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,450	–	-0.22%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-2,500	–	-0.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,000	–	-0.25%	–
AMZN	Exit	AMAZON COM INC	$0	–	-170	–	-0.26%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-10,500	–	-0.27%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-3,600	–	-0.27%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-5,246	–	-0.28%	–
BLK	Exit	BLACKROCK INC	$0	–	-700	–	-0.28%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,800	–	-0.28%	–
OKE	Exit	ONEOK INC NEW	$0	–	-4,256	–	-0.28%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,980	–	-0.30%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-274	–	-0.30%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-27,907	–	-0.33%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,755	–	-0.33%	–
STT	Exit	STATE STR CORP	$0	–	-6,300	–	-0.33%	–
V	Exit	VISA INC	$0	–	-2,250	–	-0.35%	–
BAC	Exit	BANK AMER CORP	$0	–	-13,300	–	-0.35%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,815	–	-0.35%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,300	–	-0.38%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-4,875	–	-0.38%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-8,459	–	-0.42%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,245	–	-0.43%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,750	–	-0.43%	–
ENB	Exit	ENBRIDGE INC	$0	–	-14,200	–	-0.44%	–
AAPL	Exit	APPLE INC	$0	–	-2,496	–	-0.50%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-22,710	–	-0.58%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-11,506	–	-0.60%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.62%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-15,225	–	-0.67%	–
AMJ	Exit	JPMORGAN CHASE & COalerian ml etn	$0	–	-33,170	–	-0.69%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,759	–	-0.73%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-8,803	–	-0.73%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-13,779	–	-0.76%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-12,382	–	-0.86%	–
SPSB	Exit	SPDR SERIES TRUSTportfolio short	$0	–	-32,092	–	-0.88%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,046	–	-0.98%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-19,505	–	-1.15%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-10,472	–	-1.19%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-15,410	–	-1.20%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-16,585	–	-1.34%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-54,387	–	-1.36%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-31,227	–	-1.50%	–
FLRN	Exit	SPDR SERIES TRUSTblomberg brc inv	$0	–	-55,315	–	-1.52%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-24,125	–	-1.83%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-28,134	–	-1.96%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-157,320	–	-1.98%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-28,858	–	-2.08%	–
SHM	Exit	SPDR SERIES TRUSTnuveen blmbrg sr	$0	–	-48,834	–	-2.14%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-21,285	–	-2.17%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-27,378	–	-2.29%	–
DJP	Exit	BARCLAYS BK PLCdjubs cmdt etn36	$0	–	-129,772	–	-2.53%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-20,179	–	-2.77%	–
VTEB	Exit	VANGUARD MUN BD FD INCtax exempt bd	$0	–	-61,695	–	-2.96%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-80,984	–	-2.97%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-114,027	–	-4.16%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-118,420	–	-4.26%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-81,255	–	-4.27%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-56,739	–	-5.74%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-39,342	–	-6.79%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-123,126	–	-7.17%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-59,241	–	-15.80%	–

Q3 2019

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TRcore s&p500 etf	$17,685,000	+2.6%	59,241	+1.3%	15.80%	+2.7%
EFA	Buy	ISHARES TRmsci eafe etf	$8,029,000	+0.4%	123,126	+1.2%	7.17%	+0.5%
IJH	Buy	ISHARES TRcore s&p mcp etf	$7,602,000	-0.2%	39,342	+0.3%	6.79%	-0.2%
AGG	Sell	ISHARES TRcore us aggbd et	$6,421,000	+0.3%	56,739	-1.3%	5.74%	+0.3%
BNDX	Sell	VANGUARD CHARLOTTE FDSintl bd idx etf	$4,780,000	-0.3%	81,255	-2.9%	4.27%	-0.3%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$4,768,000	-5.6%	118,420	-0.3%	4.26%	-5.6%
EEM	Buy	ISHARES TRmsci emg mkt etf	$4,660,000	-2.7%	114,027	+2.2%	4.16%	-2.7%
VEA	Sell	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$3,327,000	-1.7%	80,984	-0.2%	2.97%	-1.7%
VTEB	Buy	VANGUARD MUN BD FD INCtax exempt bd	$3,308,000	+2.9%	61,695	+1.8%	2.96%	+2.9%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$3,105,000	-1.7%	20,179	+0.0%	2.77%	-1.7%
DJP	Buy	BARCLAYS BK PLCdjubs cmdt etn36	$2,829,000	-0.5%	129,772	+1.5%	2.53%	-0.5%
IYR	Sell	ISHARES TRu.s. real es etf	$2,561,000	+3.4%	27,378	-3.5%	2.29%	+3.4%
MUB	Sell	ISHARES TRnational mun etf	$2,429,000	-1.0%	21,285	-1.9%	2.17%	-1.0%
SHM	Sell	SPDR SERIES TRUSTnuveen blmbrg sr	$2,392,000	-1.2%	48,834	-1.3%	2.14%	-1.2%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$2,324,000	+0.4%	28,858	-2.7%	2.08%	+0.4%
IAU	Buy	ISHARES GOLD TRUSTishares	$2,218,000	+5.4%	157,320	+1.0%	1.98%	+5.5%
IJR	Buy	ISHARES TRcore s&p scp etf	$2,190,000	-0.3%	28,134	+0.3%	1.96%	-0.3%
FLRN	Sell	SPDR SERIES TRUSTblomberg brc inv	$1,701,000	-0.8%	55,315	-0.9%	1.52%	-0.8%
VGK	Sell	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,674,000	-4.3%	31,227	-2.0%	1.50%	-4.2%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$1,523,000	-0.3%	54,387	-1.7%	1.36%	-0.2%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$1,495,000	-6.0%	16,585	-3.4%	1.34%	-6.0%
HYG	Sell	ISHARES TRiboxx hi yd etf	$1,343,000	-1.0%	15,410	-1.0%	1.20%	-1.0%
LQD	Buy	ISHARES TRiboxx inv cp etf	$1,335,000	+3.7%	10,472	+1.2%	1.19%	+3.7%
VPL	Sell	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,288,000	-1.2%	19,505	-1.1%	1.15%	-1.2%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$1,092,000	-0.6%	9,046	-1.9%	0.98%	-0.6%
SPSB	Buy	SPDR SERIES TRUSTportfolio short	$990,000	+6.8%	32,092	+6.6%	0.88%	+6.9%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$961,000	-3.4%	12,382	-3.7%	0.86%	-3.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$846,000	+3.9%	13,779	-1.7%	0.76%	+4.0%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$821,000	+2.6%	8,803	-3.8%	0.73%	+2.7%
AMJ	Buy	JPMORGAN CHASE & COalerian ml etn	$772,000	-7.0%	33,170	+0.3%	0.69%	-6.9%
XLC	Sell	SELECT SECTOR SPDR TR	$754,000	-1.4%	15,225	-2.0%	0.67%	-1.3%
IGIB	Sell	ISHARES TRintrm tr crp etf	$666,000	+0.3%	11,506	-1.4%	0.60%	+0.3%
AAPL	Sell	APPLE INC	$559,000	+7.7%	2,496	-4.8%	0.50%	+7.5%
JNJ	Buy	JOHNSON & JOHNSON	$485,000	+14.1%	3,750	+23.0%	0.43%	+13.9%
UNH	New	UNITEDHEALTH GROUP INC	$394,000	–	1,815	–	0.35%	–
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$365,000	+78.9%	1,755	+83.8%	0.33%	+79.1%
GOOGL	Sell	ALPHABET INCcap stk cl a	$335,000	+10.9%	274	-1.8%	0.30%	+10.7%
ABC	Sell	AMERISOURCEBERGEN CORP	$313,000	-11.3%	3,800	-8.1%	0.28%	-11.1%
BLK	Buy	BLACKROCK INC	$312,000	+32.8%	700	+40.0%	0.28%	+32.9%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$311,000	-8.8%	5,246	-2.0%	0.28%	-8.9%
BIDU	New	BAIDU INCspon adr rep a	$257,000	–	2,500	–	0.23%	–
DIA	Sell	SPDR DOW JONES INDL AVRG ETFut ser 1	$242,000	-19.1%	900	-20.0%	0.22%	-19.1%
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$212,000	-2.8%	3,640	-2.3%	0.19%	-3.1%
MCK	Exit	MCKESSON CORP	$0	–	-2,825	–	-0.34%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-7,353	–	-0.48%	–

Q2 2019

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$17,229,000	–	58,454	–	15.39%	–
EFA	New	ISHARES TRmsci eafe etf	$7,994,000	–	121,626	–	7.14%	–
IJH	New	ISHARES TRcore s&p mcp etf	$7,619,000	–	39,222	–	6.81%	–
AGG	New	ISHARES TRcore us aggbd et	$6,404,000	–	57,509	–	5.72%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,053,000	–	118,800	–	4.51%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$4,795,000	–	83,674	–	4.28%	–
EEM	New	ISHARES TRmsci emg mkt etf	$4,789,000	–	111,612	–	4.28%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$3,384,000	–	81,134	–	3.02%	–
VTEB	New	VANGUARD MUN BD FD INCtax exempt bd	$3,216,000	–	60,595	–	2.87%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$3,160,000	–	20,169	–	2.82%	–
DJP	New	BARCLAYS BK PLCdjubs cmdt etn36	$2,844,000	–	127,872	–	2.54%	–
IYR	New	ISHARES TRu.s. real es etf	$2,477,000	–	28,373	–	2.21%	–
MUB	New	ISHARES TRnational mun etf	$2,453,000	–	21,695	–	2.19%	–
SHM	New	SPDR SERIES TRUSTnuveen blmbrg sr	$2,421,000	–	49,469	–	2.16%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$2,315,000	–	29,658	–	2.07%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,196,000	–	28,059	–	1.96%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,104,000	–	155,835	–	1.88%	–
SHY	New	ISHARES TR1 3 yr treas bd	$2,045,000	–	24,125	–	1.83%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,749,000	–	31,852	–	1.56%	–
FLRN	New	SPDR SERIES TRUSTblomberg brc inv	$1,715,000	–	55,795	–	1.53%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,591,000	–	17,170	–	1.42%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,527,000	–	55,327	–	1.36%	–
HYG	New	ISHARES TRiboxx hi yd etf	$1,357,000	–	15,570	–	1.21%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,304,000	–	19,730	–	1.16%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,287,000	–	10,352	–	1.15%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,099,000	–	9,223	–	0.98%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$995,000	–	12,852	–	0.89%	–
SPSB	New	SPDR SERIES TRUSTportfolio short	$927,000	–	30,112	–	0.83%	–
AMJ	New	JPMORGAN CHASE & COalerian ml etn	$830,000	–	33,065	–	0.74%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$814,000	–	14,014	–	0.73%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$808,000	–	2,759	–	0.72%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$800,000	–	9,153	–	0.72%	–
XLC	New	SELECT SECTOR SPDR TR	$765,000	–	15,540	–	0.68%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$666,000	–	10,412	–	0.60%	–
IGIB	New	ISHARES TRintrm tr crp etf	$664,000	–	11,664	–	0.59%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$656,000	–	22,710	–	0.59%	–
ACWI	New	ISHARES TRmsci acwi etf	$542,000	–	7,353	–	0.48%	–
AAPL	New	APPLE INC	$519,000	–	2,621	–	0.46%	–
ENB	New	ENBRIDGE INC	$512,000	–	14,200	–	0.46%	–
CRM	New	SALESFORCE COM INC	$492,000	–	3,245	–	0.44%	–
MDLZ	New	MONDELEZ INTL INCcl a	$456,000	–	8,459	–	0.41%	–
NVS	New	NOVARTIS A Gsponsored adr	$445,000	–	4,875	–	0.40%	–
JNJ	New	JOHNSON & JOHNSON	$425,000	–	3,050	–	0.38%	–
ET	New	ENERGY TRANSFER LP	$393,000	–	27,907	–	0.35%	–
V	New	VISA INC	$390,000	–	2,250	–	0.35%	–
BAC	New	BANK AMER CORP	$386,000	–	13,300	–	0.34%	–
MCK	New	MCKESSON CORP	$380,000	–	2,825	–	0.34%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$376,000	–	8,300	–	0.34%	–
STT	New	STATE STR CORP	$353,000	–	6,300	–	0.32%	–
ABC	New	AMERISOURCEBERGEN CORP	$353,000	–	4,135	–	0.32%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$341,000	–	5,351	–	0.30%	–
AGN	New	ALLERGAN PLC	$332,000	–	1,980	–	0.30%	–
AMZN	New	AMAZON COM INC	$322,000	–	170	–	0.29%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$304,000	–	3,600	–	0.27%	–
GOOGL	New	ALPHABET INCcap stk cl a	$302,000	–	279	–	0.27%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$300,000	–	10,500	–	0.27%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$299,000	–	1,125	–	0.27%	–
OKE	New	ONEOK INC NEW	$293,000	–	4,256	–	0.26%	–
MSFT	New	MICROSOFT CORP	$268,000	–	2,000	–	0.24%	–
XOM	New	EXXON MOBIL CORP	$264,000	–	3,450	–	0.24%	–
BLK	New	BLACKROCK INC	$235,000	–	500	–	0.21%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$218,000	–	3,725	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$204,000	–	955	–	0.18%	–
HBI	New	HANESBRANDS INC	$189,000	–	11,000	–	0.17%	–

Q4 2018

			Value		Shares		↓ Weighting
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-10,400	–	-0.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-955	–	-0.17%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-3,850	–	-0.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,000	–	-0.19%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,675	–	-0.20%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-4,278	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-2,950	–	-0.21%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-7,070	–	-0.21%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,750	–	-0.23%	–
PFE	Exit	PFIZER INC	$0	–	-6,310	–	-0.24%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-4,745	–	-0.26%	–
AMZN	Exit	AMAZON COM INC	$0	–	-150	–	-0.26%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-13,677	–	-0.26%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-3,500	–	-0.29%	–
HBI	Exit	HANESBRANDS INC	$0	–	-19,400	–	-0.30%	–
STT	Exit	STATE STR CORP	$0	–	-4,300	–	-0.31%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-8,459	–	-0.31%	–
ENB	Exit	ENBRIDGE INC	$0	–	-11,350	–	-0.31%	–
V	Exit	VISA INC	$0	–	-2,515	–	-0.32%	–
MCK	Exit	MCKESSON CORP	$0	–	-2,880	–	-0.32%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,200	–	-0.33%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-14,000	–	-0.33%	–
BAC	Exit	BANK AMER CORP	$0	–	-13,300	–	-0.33%	–
AGN	Exit	ALLERGAN PLC	$0	–	-2,115	–	-0.34%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-4,420	–	-0.35%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-4,875	–	-0.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,050	–	-0.36%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-6,127	–	-0.39%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-5,400	–	-0.40%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-18,387	–	-0.43%	–
AAPL	Exit	APPLE INC	$0	–	-2,410	–	-0.46%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-4,075	–	-0.55%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-22,710	–	-0.55%	–
IGIB	Exit	ISHARES TRintrm tr crp etf	$0	–	-13,004	–	-0.59%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-10,412	–	-0.60%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-9,273	–	-0.64%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-14,601	–	-0.67%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,871	–	-0.71%	–
AMJ	Exit	JPMORGAN CHASE & COalerian ml etn	$0	–	-32,270	–	-0.75%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-19,390	–	-0.81%	–
SPSB	Exit	SPDR SERIES TRUSTportfolio short	$0	–	-33,697	–	-0.86%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-13,222	–	-0.88%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-14,658	–	-0.88%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,667	–	-0.96%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-14,625	–	-1.03%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-24,615	–	-1.18%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-12,695	–	-1.24%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-17,075	–	-1.25%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-60,237	–	-1.41%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-17,925	–	-1.45%	–
FLRN	Exit	SPDR SER TRblomberg brc inv	$0	–	-66,565	–	-1.74%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-184,785	–	-1.79%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-30,308	–	-1.94%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-26,835	–	-1.99%	–
IYR	Exit	ISHARES TRu.s. real es etf	$0	–	-30,463	–	-2.07%	–
DJP	Exit	BARCLAYS BK PLCdjubs cmdt etn36	$0	–	-137,062	–	-2.76%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-20,899	–	-2.88%	–
SHM	Exit	SPDR SER TRnuveen blmbrg sr	$0	–	-72,884	–	-2.95%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-35,260	–	-3.23%	–
VTEB	Exit	VANGUARD MUN BD FD INCtax exempt bd	$0	–	-76,770	–	-3.29%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-103,194	–	-3.79%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-114,582	–	-4.18%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-93,584	–	-4.33%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-125,410	–	-4.37%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-65,989	–	-5.91%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-38,217	–	-6.53%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-124,623	–	-7.19%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-52,293	–	-13.00%	–

Q3 2018

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TRcore s&p500 etf	$15,308,000	+8.6%	52,293	+1.3%	13.00%	+6.0%
EFA	Buy	ISHARES TRmsci eafe etf	$8,473,000	+2.7%	124,623	+1.2%	7.19%	+0.2%
IJH	Buy	ISHARES TRcore s&p mcp etf	$7,693,000	+6.7%	38,217	+3.2%	6.53%	+4.1%
AGG	Sell	ISHARES TRcore us aggbd et	$6,963,000	-5.1%	65,989	-4.4%	5.91%	-7.4%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,142,000	+7.2%	125,410	+10.3%	4.37%	+4.6%
EEM	Buy	ISHARES TRmsci emg mkt etf	$4,918,000	+0.5%	114,582	+1.4%	4.18%	-2.0%
VEA	Sell	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$4,465,000	-3.0%	103,194	-3.9%	3.79%	-5.4%
VTEB	Sell	VANGUARD MUN BD FD INCtax exempt bd	$3,878,000	-3.3%	76,770	-2.4%	3.29%	-5.6%
MUB	Sell	ISHARES TRnational mun etf	$3,806,000	-3.0%	35,260	-2.1%	3.23%	-5.4%
SHM	Sell	SPDR SER TRnuveen blmbrg sr	$3,476,000	-10.1%	72,884	-9.6%	2.95%	-12.3%
DJP	Buy	BARCLAYS BK PLCdjubs cmdt etn36	$3,257,000	+0.7%	137,062	+3.2%	2.76%	-1.8%
IJR	Buy	ISHARES TRcore s&p scp etf	$2,341,000	+5.1%	26,835	+0.5%	1.99%	+2.5%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$2,283,000	-11.6%	30,308	-18.5%	1.94%	-13.8%
IAU	Sell	ISHARES GOLD TRUSTishares	$2,112,000	-9.2%	184,785	-4.5%	1.79%	-11.4%
FLRN	Buy	SPDR SER TRblomberg brc inv	$2,050,000	+5.9%	66,565	+5.8%	1.74%	+3.4%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$1,706,000	+9.2%	17,925	-4.2%	1.45%	+6.5%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$1,661,000	+1.3%	60,237	-2.3%	1.41%	-1.2%
HYG	Buy	ISHARES TRiboxx hi yd etf	$1,476,000	+2.9%	17,075	+1.3%	1.25%	+0.4%
LQD	Sell	ISHARES TRiboxx inv cp etf	$1,459,000	-5.2%	12,695	-5.5%	1.24%	-7.5%
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$1,384,000	–	24,615	–	1.18%	–
SHY	Sell	ISHARES TR1 3 yr treas bd	$1,215,000	-13.4%	14,625	-13.1%	1.03%	-15.5%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$1,133,000	-13.7%	9,667	-19.5%	0.96%	-15.8%
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$1,042,000	–	14,658	–	0.88%	–
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$1,037,000	+9.3%	13,222	-0.2%	0.88%	+6.5%
SPSB	Sell	SPDR SERIES TRUSTportfolio short	$1,017,000	-1.8%	33,697	-1.9%	0.86%	-4.2%
XLC	New	SELECT SECTOR SPDR TR	$950,000	–	19,390	–	0.81%	–
AMJ	Buy	JPMORGAN CHASE & COalerian ml etn	$886,000	+5.4%	32,270	+2.0%	0.75%	+2.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$835,000	+41.8%	2,871	+32.2%	0.71%	+38.2%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$787,000	-3.7%	14,601	-7.9%	0.67%	-6.0%
IGIB	Buy	ISHARES TRintrm tr crp etf	$691,000	-1.1%	13,004	+97.6%	0.59%	-3.5%
BUD	Buy	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$473,000	+0.6%	5,400	+15.9%	0.40%	-1.7%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$464,000	+5.7%	6,127	+6.1%	0.39%	+3.1%
AGN	Sell	ALLERGAN PLC	$403,000	+4.4%	2,115	-8.6%	0.34%	+1.8%
BAC	Sell	BANK AMER CORP	$392,000	+3.7%	13,300	-0.9%	0.33%	+1.2%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$385,000	+11.3%	6,200	-1.0%	0.33%	+8.6%
MCK	New	MCKESSON CORP	$382,000	–	2,880	–	0.32%	–
ETP	Sell	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$304,000	+8.6%	13,677	-7.1%	0.26%	+5.7%
HEDJ	Sell	WISDOMTREE TReurope hedged eq	$300,000	-10.7%	4,745	-10.9%	0.26%	-12.7%
PFE	Sell	PFIZER INC	$278,000	-4.5%	6,310	-21.2%	0.24%	-6.7%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$248,000	+4.2%	4,278	-2.9%	0.21%	+1.9%
MSFT	New	MICROSOFT CORP	$229,000	–	2,000	–	0.19%	–
XLB	Sell	SELECT SECTOR SPDR TRsbi materials	$223,000	-9.3%	3,850	-9.0%	0.19%	-11.7%
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$204,000	–	955	–	0.17%	–
SRCL	Exit	STERICYCLE INC	$0	–	-3,110	–	-0.18%	–
AZO	Exit	AUTOZONE INC	$0	–	-305	–	-0.18%	–
EPP	Exit	ISHARES INCmsci pac jp etf	$0	–	-4,875	–	-0.20%	–
EWU	Exit	ISHARES TRmsci uk etf new	$0	–	-8,782	–	-0.26%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-14,083	–	-0.71%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-25,722	–	-0.92%	–

Q2 2018

			Value		Shares		↓ Weighting
IVV	New	ISHARES TRcore s&p500 etf	$14,095,000	–	51,620	–	12.27%	–
EFA	New	ISHARES TRmsci eafe etf	$8,248,000	–	123,162	–	7.18%	–
AGG	New	ISHARES TRcore us aggbd et	$7,337,000	–	69,007	–	6.39%	–
IJH	New	ISHARES TRcore s&p mcp etf	$7,210,000	–	37,017	–	6.28%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$5,120,000	–	93,584	–	4.46%	–
EEM	New	ISHARES TRmsci emg mkt etf	$4,894,000	–	112,947	–	4.26%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$4,797,000	–	113,670	–	4.18%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$4,605,000	–	107,334	–	4.01%	–
VTEB	New	VANGUARD MUN BD FD INCtax exempt bd	$4,009,000	–	78,630	–	3.49%	–
MUB	New	ISHARES TRnational mun etf	$3,925,000	–	36,000	–	3.42%	–
SHM	New	SPDR SER TRnuveen blmbrg sr	$3,867,000	–	80,584	–	3.37%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$3,253,000	–	20,899	–	2.83%	–
DJP	New	BARCLAYS BK PLCdjubs cmdt etn36	$3,234,000	–	132,807	–	2.82%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$2,584,000	–	37,203	–	2.25%	–
IYR	New	ISHARES TRu.s. real es etf	$2,455,000	–	30,463	–	2.14%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,326,000	–	193,485	–	2.02%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,228,000	–	26,701	–	1.94%	–
FLRN	New	SPDR SER TRblomberg brc inv	$1,935,000	–	62,920	–	1.68%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,640,000	–	61,677	–	1.43%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,562,000	–	18,720	–	1.36%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,539,000	–	13,430	–	1.34%	–
HYG	New	ISHARES TRiboxx hi yd etf	$1,434,000	–	16,860	–	1.25%	–
SHY	New	ISHARES TR1 3 yr treas bd	$1,403,000	–	16,825	–	1.22%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,313,000	–	12,013	–	1.14%	–
EZU	New	ISHARES INCmsci eurzone etf	$1,055,000	–	25,722	–	0.92%	–
SPSB	New	SPDR SERIES TRUSTportfolio short	$1,036,000	–	34,347	–	0.90%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$949,000	–	13,247	–	0.83%	–
AMJ	New	JPMORGAN CHASE & COalerian ml etn	$841,000	–	31,635	–	0.73%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$817,000	–	15,846	–	0.71%	–
EWJ	New	ISHARES INCmsci jpn etf new	$816,000	–	14,083	–	0.71%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$755,000	–	9,273	–	0.66%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$719,000	–	10,412	–	0.63%	–
IGIB	New	ISHARES TRintrmd cr bd etf	$699,000	–	6,582	–	0.61%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$628,000	–	22,710	–	0.55%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$589,000	–	2,171	–	0.51%	–
CRM	New	SALESFORCE COM INC	$556,000	–	4,075	–	0.48%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$502,000	–	18,387	–	0.44%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$470,000	–	4,660	–	0.41%	–
AAPL	New	APPLE INC	$446,000	–	2,410	–	0.39%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$439,000	–	5,777	–	0.38%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$429,000	–	14,000	–	0.37%	–
HBI	New	HANESBRANDS INC	$427,000	–	19,400	–	0.37%	–
ENB	New	ENBRIDGE INC	$405,000	–	11,350	–	0.35%	–
STT	New	STATE STR CORP	$400,000	–	4,300	–	0.35%	–
AGN	New	ALLERGAN PLC	$386,000	–	2,315	–	0.34%	–
BAC	New	BANK AMER CORP	$378,000	–	13,425	–	0.33%	–
ABC	New	AMERISOURCEBERGEN CORP	$377,000	–	4,420	–	0.33%	–
JNJ	New	JOHNSON & JOHNSON	$370,000	–	3,050	–	0.32%	–
NVS	New	NOVARTIS A Gsponsored adr	$368,000	–	4,875	–	0.32%	–
MDLZ	New	MONDELEZ INTL INCcl a	$347,000	–	8,459	–	0.30%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$346,000	–	6,260	–	0.30%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$336,000	–	5,323	–	0.29%	–
V	New	VISA INC	$333,000	–	2,515	–	0.29%	–
EWU	New	ISHARES TRmsci uk etf new	$305,000	–	8,782	–	0.26%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$293,000	–	3,500	–	0.26%	–
PFE	New	PFIZER INC	$291,000	–	8,010	–	0.25%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$280,000	–	14,727	–	0.24%	–
AMZN	New	AMAZON COM INC	$255,000	–	150	–	0.22%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$250,000	–	7,070	–	0.22%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$246,000	–	4,230	–	0.21%	–
XOM	New	EXXON MOBIL CORP	$244,000	–	2,950	–	0.21%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$238,000	–	4,408	–	0.21%	–
ABT	New	ABBOTT LABS	$229,000	–	3,750	–	0.20%	–
EPP	New	ISHARES INCmsci pac jp etf	$224,000	–	4,875	–	0.20%	–
CMCSA	New	COMCAST CORP NEWcl a	$219,000	–	6,675	–	0.19%	–
AZO	New	AUTOZONE INC	$205,000	–	305	–	0.18%	–
SRCL	New	STERICYCLE INC	$203,000	–	3,110	–	0.18%	–
ET	New	ENERGY TRANSFER EQUITY L P	$179,000	–	10,400	–	0.16%	–

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