Ken Stern & Associates, Inc. Activity Q4 2014-Q3 2018

Q3 2018

			Value		Shares		↓ Weighting
ESS	Sell	ESSEX PPTY TR INC	$41,276,000	+1.5%	167,307	-1.7%	17.96%	-4.3%
IWO	Sell	ISHARES TRrus 2000 grw etf	$13,162,000	+4.4%	61,198	-0.9%	5.73%	-1.6%
VEA	Buy	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$11,327,000	+2.3%	261,763	+1.5%	4.93%	-3.5%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$10,631,000	+3.2%	135,080	+3.9%	4.63%	-2.7%
SHV	Buy	ISHARES TRshort treas bd	$9,900,000	+2.4%	89,641	+2.4%	4.31%	-3.4%
IEF	Buy	ISHARES TRbarclays 7 10 yr	$9,781,000	+0.7%	96,680	+2.0%	4.26%	-5.1%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$9,563,000	+9.0%	47,209	-2.4%	4.16%	+2.8%
XLY	Sell	SELECT SECTOR SPDR TRsbi cons discr	$8,625,000	+5.7%	73,580	-1.4%	3.75%	-0.3%
MTUM	Sell	ISHARES TRusa momentum fct	$7,667,000	+4.5%	64,427	-3.6%	3.34%	-1.4%
ITA	New	ISHARES TRus aer def etf	$7,250,000	–	33,498	–	3.16%	–
FDN	Sell	FIRST TR EXCHANGE TRADED FDdj internt idx	$7,173,000	-0.2%	50,675	-2.9%	3.12%	-5.9%
VTV	Sell	VANGUARD INDEX FDSvalue etf	$6,227,000	+6.1%	56,260	-0.4%	2.71%	+0.1%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$5,643,000	+23.0%	19,412	+14.8%	2.46%	+16.0%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$4,469,000	+13.3%	46,965	-0.7%	1.94%	+6.8%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$4,098,000	-45.7%	52,272	-50.4%	1.78%	-48.8%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$4,074,000	+3.7%	147,723	-0.1%	1.77%	-2.3%
XLE	New	SELECT SECTOR SPDR TRenergy	$3,788,000	–	50,019	–	1.65%	–
IHI	Sell	ISHARES TRu.s. med dvc etf	$3,351,000	+13.4%	14,730	-0.0%	1.46%	+6.9%
IHF	New	ISHARES TRus hlthcr pr etf	$2,965,000	–	14,837	–	1.29%	–
AAPL	Buy	APPLE INC	$2,710,000	+22.0%	12,004	+0.0%	1.18%	+15.0%
DIVY	Sell	REALITY SHS ETF TRdivs etf	$1,528,000	+0.3%	56,282	-1.2%	0.66%	-5.4%
GSLC	Buy	GOLDMAN SACHS ETF TRequity etf	$1,406,000	+7.3%	23,926	+0.0%	0.61%	+1.2%
JNJ	Buy	JOHNSON & JOHNSON	$1,403,000	+13.9%	10,157	+0.0%	0.61%	+7.4%
BSCI	New	INVESCO EXCH TRD SLF IDX FD	$1,081,000	–	51,112	–	0.47%	–
LDOS	Buy	LEIDOS HLDGS INC	$1,046,000	+17.1%	15,130	+0.0%	0.46%	+10.4%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$944,000	-10.1%	6,306	-15.7%	0.41%	-15.3%
RCD	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql dis	$874,000	–	8,245	–	0.38%	–
RYT	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql tec	$863,000	–	5,126	–	0.38%	–
BSCK	New	INVESCO EXCH TRD SLF IDX FD	$865,000	–	41,034	–	0.38%	–
RGI	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql ind	$862,000	–	6,836	–	0.38%	–
PFE	Buy	PFIZER INC	$833,000	+21.4%	18,909	+0.0%	0.36%	+14.5%
QCOM	Sell	QUALCOMM INC	$828,000	+17.3%	11,492	-8.7%	0.36%	+10.4%
RYH	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql hlt	$817,000	–	3,966	–	0.36%	–
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$805,000	+11.3%	8,225	+5.4%	0.35%	+4.8%
RYF	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql fin	$744,000	–	17,306	–	0.32%	–
BSCJ	New	INVESCO EXCH TRD SLF IDX FD	$742,000	–	35,191	–	0.32%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$718,000	–	6,043	–	0.31%	–
VRP	New	INVESCO EXCHNG TRADED FD TRvar rate pfd	$699,000	–	28,082	–	0.30%	–
PHB	New	INVESCO EXCHNG TRADED FD TRfndmntl hy crp	$695,000	–	37,524	–	0.30%	–
HON	Buy	HONEYWELL INTL INC	$690,000	+15.6%	4,150	+0.1%	0.30%	+8.7%
ABBV	Buy	ABBVIE INC	$665,000	+2.2%	7,027	+0.0%	0.29%	-3.7%
PGX	New	INVESCO EXCHNG TRADED FD TRpfd etf	$665,000	–	46,412	–	0.29%	–
CSCO	Buy	CISCO SYS INC	$654,000	+13.0%	13,451	+0.0%	0.28%	+6.7%
INTC	Buy	INTEL CORP	$651,000	-4.8%	13,756	+0.0%	0.28%	-10.4%
FDRR	Buy	FIDELITYdivid etf risi	$597,000	+8.7%	18,433	+1.7%	0.26%	+2.8%
FTEC	Buy	FIDELITYmsci info tech i	$571,000	+53.1%	9,485	+40.4%	0.25%	+44.8%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$557,000	+4.5%	3,974	+0.0%	0.24%	-1.6%
DAL	Buy	DELTA AIR LINES INC DEL	$526,000	+16.6%	9,097	+0.0%	0.23%	+10.1%
TDIV	Buy	FIRST TR EXCHANGE TRADED FDnasd tech div	$523,000	+8.3%	13,617	+0.0%	0.23%	+2.2%
PG	Buy	PROCTER AND GAMBLE CO	$496,000	+6.7%	5,961	+0.0%	0.22%	+0.5%
DIS	Buy	DISNEY WALT CO	$486,000	+35.0%	4,157	+20.9%	0.21%	+27.7%
XOM	Buy	EXXON MOBIL CORP	$476,000	+2.8%	5,603	+0.2%	0.21%	-3.3%
KIE	Buy	SPDR SERIES TRUSTs&p ins etf	$471,000	+7.5%	14,691	+0.0%	0.20%	+1.5%
C	Sell	CITIGROUP INC	$441,000	+6.5%	6,147	-0.7%	0.19%	+0.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$438,000	+6.1%	8,206	+0.0%	0.19%	0.0%
WFC	Buy	WELLS FARGO CO NEW	$432,000	-5.3%	8,228	+0.0%	0.19%	-10.5%
PPL	Buy	PPL CORP	$419,000	+2.4%	14,330	+0.0%	0.18%	-3.7%
CPT	Buy	CAMDEN PPTY TRsh ben int	$415,000	+2.7%	4,432	+0.0%	0.18%	-2.7%
FITB	Buy	FIFTH THIRD BANCORP	$407,000	-2.9%	14,588	+0.0%	0.18%	-8.3%
BSCL	New	INVESCO EXCH TRD SLF IDX FD	$384,000	–	18,499	–	0.17%	–
AFIN	New	AMERICAN FIN TR INC	$381,000	–	24,988	–	0.17%	–
IVV	Buy	ISHARES TRcore s&p500 etf	$376,000	+11.2%	1,286	+3.7%	0.16%	+5.1%
T	Buy	AT&T INC	$359,000	+18.5%	10,700	+13.5%	0.16%	+11.4%
BKLN	New	INVESCO EXCHNG TRADED FD TRsr ln etf	$351,000	–	15,141	–	0.15%	–
WELL	Buy	WELLTOWER INC	$342,000	+2.7%	5,319	+0.0%	0.15%	-3.2%
RYU	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql utl	$341,000	–	3,882	–	0.15%	–
EMB	Sell	ISHARES TRjpmorgan usd emg	$341,000	-1.7%	3,161	-2.6%	0.15%	-7.5%
RYE	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql enr	$317,000	–	5,110	–	0.14%	–
HAL	Buy	HALLIBURTON CO	$314,000	-10.0%	7,754	+0.0%	0.14%	-14.9%
RHS	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql stp	$315,000	–	2,455	–	0.14%	–
AOR	Sell	ISHARES TRgrwt allocat etf	$313,000	-24.2%	6,929	-25.6%	0.14%	-28.8%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$308,000	+12.0%	2,638	+1.9%	0.13%	+5.5%
CVS	Buy	CVS HEALTH CORP	$305,000	+42.5%	3,870	+16.6%	0.13%	+34.3%
SBUX	Buy	STARBUCKS CORP	$304,000	+32.8%	5,341	+14.1%	0.13%	+24.5%
IYR	Buy	ISHARES TRu.s. real es etf	$304,000	-0.7%	3,795	+0.0%	0.13%	-6.4%
RWO	Buy	SPDR INDEX SHS FDSdj glb rl es etf	$297,000	+32.0%	6,240	+33.2%	0.13%	+24.0%
FHLC	New	FIDELITYmsci hlth care i	$293,000	–	6,257	–	0.13%	–
FNCL	Buy	FIDELITYmsci finls idx	$287,000	+33.5%	7,122	+30.1%	0.12%	+26.3%
CCL	Sell	CARNIVAL CORPunit 99/99/9999	$281,000	+8.9%	4,403	-2.2%	0.12%	+2.5%
HST	Buy	HOST HOTELS & RESORTS INC	$278,000	+0.4%	13,172	+0.0%	0.12%	-5.5%
PFXF	Buy	VANECK VECTORS ETF TRpfd secs ex finl	$270,000	-0.7%	13,903	+0.0%	0.12%	-6.3%
KMB	Sell	KIMBERLY CLARK CORP	$272,000	+7.1%	2,392	-0.8%	0.12%	+0.9%
RTM	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql mat	$269,000	–	2,473	–	0.12%	–
FDIS	Buy	FIDELITYmsci consm dis	$267,000	+30.9%	5,877	+23.3%	0.12%	+23.4%
ISRG	Sell	INTUITIVE SURGICAL INC	$260,000	-1.9%	453	-18.1%	0.11%	-7.4%
APLE	Sell	APPLE HOSPITALITY REIT INC	$250,000	-4.9%	14,307	-2.7%	0.11%	-9.9%
FIDU	New	FIDELITYmsci indl indx	$248,000	–	6,172	–	0.11%	–
CELG	New	CELGENE CORP	$242,000	–	2,707	–	0.10%	–
COST	Sell	COSTCO WHSL CORP NEW	$242,000	+7.6%	1,029	-4.6%	0.10%	+1.0%
IWM	Sell	ISHARES TRrussell 2000 etf	$232,000	+0.4%	1,374	-2.8%	0.10%	-5.6%
DWDP	Buy	DOWDUPONT INC	$228,000	-2.1%	3,541	+0.0%	0.10%	-8.3%
JPST	Exit	JP MORGAN EXCHANGE TRADED FDultra shrt inc	$0	–	-3,984	–	-0.09%	–
RTM	Exit	RYDEX ETF TRUSTgug s&p500eqwtma	$0	–	-1,886	–	-0.09%	–
RHS	Exit	RYDEX ETF TRUSTgug s&p500 ewcon	$0	–	-1,806	–	-0.10%	–
RYU	Exit	RYDEX ETF TRUSTgug s&p500eqwtut	$0	–	-3,092	–	-0.12%	–
RYE	Exit	RYDEX ETF TRUSTgug s&p500eqwten	$0	–	-4,673	–	-0.14%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-15,138	–	-0.16%	–
PGX	Exit	POWERSHARES ETF TR IIpfd portfolio	$0	–	-25,151	–	-0.17%	–
BSCL	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$0	–	-18,499	–	-0.18%	–
RGI	Exit	RYDEX ETF TRUSTgug s&p500 eq wt	$0	–	-4,202	–	-0.22%	–
RYH	Exit	RYDEX ETF TRUSTgug s&p500eqwthc	$0	–	-2,736	–	-0.23%	–
RYF	Exit	RYDEX ETF TRUSTgug s&p500eqwtfi	$0	–	-13,901	–	-0.27%	–
RYT	Exit	RYDEX ETF TRUSTgug s&p500eqwtte	$0	–	-3,904	–	-0.29%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-29,484	–	-0.29%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-6,043	–	-0.31%	–
PHB	Exit	POWERSHARES ETF TR IIfdm hg yld rafi	$0	–	-37,516	–	-0.32%	–
VRP	Exit	POWERSHARES ETF TR IIvar rate pfd por	$0	–	-28,076	–	-0.32%	–
RCD	Exit	RYDEX ETF TRUSTgug s&p sc500 eq	$0	–	-6,998	–	-0.34%	–
BSCK	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$0	–	-37,286	–	-0.36%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-52,060	–	-0.51%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-18,102	–	-1.30%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-59,831	–	-3.24%	–

Q2 2018

			Value		Shares		↓ Weighting
ESS	New	ESSEX PPTY TR INC	$40,672,000	–	170,125	–	18.77%	–
IWO	New	ISHARES TRrus 2000 grw etf	$12,613,000	–	61,727	–	5.82%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$11,067,000	–	257,964	–	5.11%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$10,300,000	–	130,070	–	4.75%	–
IEF	New	ISHARES TRbarclays 7 10 yr	$9,717,000	–	94,790	–	4.48%	–
SHV	New	ISHARES TRshort treas bd	$9,666,000	–	87,520	–	4.46%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$8,771,000	–	48,351	–	4.05%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$8,158,000	–	74,634	–	3.77%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$7,549,000	–	105,388	–	3.48%	–
MTUM	New	ISHARES TRusa momentum fct	$7,335,000	–	66,866	–	3.39%	–
FDN	New	FIRST TR EXCHANGE TRADED FDdj internt idx	$7,185,000	–	52,201	–	3.32%	–
IYF	New	ISHARES TRu.s. finls etf	$7,012,000	–	59,831	–	3.24%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$5,867,000	–	56,504	–	2.71%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$4,588,000	–	16,912	–	2.12%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$3,946,000	–	47,279	–	1.82%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$3,930,000	–	147,807	–	1.81%	–
IHI	New	ISHARES TRu.s. med dvc etf	$2,956,000	–	14,732	–	1.36%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$2,818,000	–	18,102	–	1.30%	–
AAPL	New	APPLE INC	$2,221,000	–	12,000	–	1.02%	–
DIVY	New	REALITY SHS ETF TRdivs etf	$1,524,000	–	56,971	–	0.70%	–
GSLC	New	GOLDMAN SACHS ETF TRequity etf	$1,310,000	–	23,925	–	0.60%	–
JNJ	New	JOHNSON & JOHNSON	$1,232,000	–	10,155	–	0.57%	–
AMZN	New	AMAZON COM INC	$1,231,000	–	724	–	0.57%	–
BSCI	New	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$1,102,000	–	52,060	–	0.51%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,050,000	–	7,477	–	0.48%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,029,000	–	911	–	0.48%	–
LDOS	New	LEIDOS HLDGS INC	$893,000	–	15,129	–	0.41%	–
BSCK	New	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$785,000	–	37,286	–	0.36%	–
RCD	New	RYDEX ETF TRUSTgug s&p sc500 eq	$725,000	–	6,998	–	0.34%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$723,000	–	7,803	–	0.33%	–
QCOM	New	QUALCOMM INC	$706,000	–	12,583	–	0.33%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$698,000	–	28,076	–	0.32%	–
PHB	New	POWERSHARES ETF TR IIfdm hg yld rafi	$686,000	–	37,516	–	0.32%	–
PFE	New	PFIZER INC	$686,000	–	18,906	–	0.32%	–
INTC	New	INTEL CORP	$684,000	–	13,751	–	0.32%	–
PRF	New	POWERSHARES ETF TRUSTftse rafi 1000	$680,000	–	6,043	–	0.31%	–
IGV	New	ISHARES TRna tec sftwr etf	$670,000	–	3,667	–	0.31%	–
ABBV	New	ABBVIE INC	$651,000	–	7,026	–	0.30%	–
SAIC	New	SCIENCE APPLICATNS INTL CP N	$637,000	–	7,865	–	0.29%	–
AET	New	AETNA INC NEW	$637,000	–	3,472	–	0.29%	–
BSCJ	New	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$619,000	–	29,484	–	0.29%	–
RYT	New	RYDEX ETF TRUSTgug s&p500eqwtte	$619,000	–	3,904	–	0.29%	–
V	New	VISA INC	$608,000	–	4,589	–	0.28%	–
HON	New	HONEYWELL INTL INC	$597,000	–	4,144	–	0.28%	–
LH	New	LABORATORY CORP AMER HLDGS	$587,000	–	3,272	–	0.27%	–
RYF	New	RYDEX ETF TRUSTgug s&p500eqwtfi	$588,000	–	13,901	–	0.27%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$583,000	–	2,816	–	0.27%	–
CSCO	New	CISCO SYS INC	$579,000	–	13,448	–	0.27%	–
XAR	New	SPDR SERIES TRUSTaerospace def	$563,000	–	6,465	–	0.26%	–
FDRR	New	FIDELITYdivid etf risi	$549,000	–	18,119	–	0.25%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$533,000	–	3,973	–	0.25%	–
RYH	New	RYDEX ETF TRUSTgug s&p500eqwthc	$500,000	–	2,736	–	0.23%	–
GLW	New	CORNING INC	$494,000	–	17,943	–	0.23%	–
TDIV	New	FIRST TR EXCHANGE TRADED FDnasd tech div	$483,000	–	13,616	–	0.22%	–
RGI	New	RYDEX ETF TRUSTgug s&p500 eq wt	$482,000	–	4,202	–	0.22%	–
PG	New	PROCTER AND GAMBLE CO	$465,000	–	5,959	–	0.22%	–
XOM	New	EXXON MOBIL CORP	$463,000	–	5,593	–	0.21%	–
PEP	New	PEPSICO INC	$459,000	–	4,218	–	0.21%	–
WFC	New	WELLS FARGO CO NEW	$456,000	–	8,225	–	0.21%	–
ITW	New	ILLINOIS TOOL WKS INC	$453,000	–	3,272	–	0.21%	–
DAL	New	DELTA AIR LINES INC DEL	$451,000	–	9,096	–	0.21%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$443,000	–	7,901	–	0.20%	–
KIE	New	SPDR SERIES TRUSTs&p ins etf	$438,000	–	14,690	–	0.20%	–
LRCX	New	LAM RESEARCH CORP	$433,000	–	2,505	–	0.20%	–
IGF	New	ISHARES TRglb infrastr etf	$433,000	–	10,076	–	0.20%	–
MU	New	MICRON TECHNOLOGY INC	$431,000	–	8,210	–	0.20%	–
JPM	New	JPMORGAN CHASE & CO	$420,000	–	4,030	–	0.19%	–
FITB	New	FIFTH THIRD BANCORP	$419,000	–	14,587	–	0.19%	–
C	New	CITIGROUP INC	$414,000	–	6,188	–	0.19%	–
AOR	New	ISHARES TRgrwt allocat etf	$413,000	–	9,308	–	0.19%	–
VZ	New	VERIZON COMMUNICATIONS INC	$413,000	–	8,205	–	0.19%	–
PPL	New	PPL CORP	$409,000	–	14,329	–	0.19%	–
CPT	New	CAMDEN PPTY TRsh ben int	$404,000	–	4,431	–	0.19%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$384,000	–	3,499	–	0.18%	–
BSCL	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$384,000	–	18,499	–	0.18%	–
FTEC	New	FIDELITYmsci info tech i	$373,000	–	6,754	–	0.17%	–
PCAR	New	PACCAR INC	$368,000	–	5,934	–	0.17%	–
PGX	New	POWERSHARES ETF TR IIpfd portfolio	$366,000	–	25,151	–	0.17%	–
DIS	New	DISNEY WALT CO	$360,000	–	3,437	–	0.17%	–
DUK	New	DUKE ENERGY CORP NEW	$350,000	–	4,432	–	0.16%	–
HAL	New	HALLIBURTON CO	$349,000	–	7,753	–	0.16%	–
EMB	New	ISHARES TRjpmorgan usd emg	$347,000	–	3,246	–	0.16%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$347,000	–	15,138	–	0.16%	–
VOO	New	VANGUARD INDEX FDS	$346,000	–	1,388	–	0.16%	–
ETN	New	EATON CORP PLC	$344,000	–	4,600	–	0.16%	–
IVV	New	ISHARES TRcore s&p500 etf	$338,000	–	1,240	–	0.16%	–
SO	New	SOUTHERN CO	$336,000	–	7,250	–	0.16%	–
WELL	New	WELLTOWER INC	$333,000	–	5,318	–	0.15%	–
MLPA	New	GLOBAL X FDSglbl x mlp etf	$332,000	–	36,220	–	0.15%	–
JPUS	New	JP MORGAN EXCHANGE TRADED FDjpmorgan diver	$326,000	–	4,586	–	0.15%	–
IBB	New	ISHARES TRnasdaq biotech	$314,000	–	2,862	–	0.14%	–
IYR	New	ISHARES TRu.s. real es etf	$306,000	–	3,794	–	0.14%	–
T	New	AT&T INC	$303,000	–	9,427	–	0.14%	–
GOOG	New	ALPHABET INCcap stk cl c	$300,000	–	269	–	0.14%	–
BLK	New	BLACKROCK INC	$296,000	–	593	–	0.14%	–
RYE	New	RYDEX ETF TRUSTgug s&p500eqwten	$292,000	–	4,673	–	0.14%	–
CVX	New	CHEVRON CORP NEW	$281,000	–	2,225	–	0.13%	–
HST	New	HOST HOTELS & RESORTS INC	$277,000	–	13,166	–	0.13%	–
IJT	New	ISHARES TRs&p sml 600 gwt	$275,000	–	1,455	–	0.13%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$275,000	–	2,588	–	0.13%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$273,000	–	2,200	–	0.13%	–
PFXF	New	VANECK VECTORS ETF TRpfd secs ex finl	$272,000	–	13,899	–	0.13%	–
IJS	New	ISHARES TRsp smcp600vl etf	$266,000	–	1,632	–	0.12%	–
IDV	New	ISHARES TRintl sel div etf	$266,000	–	8,306	–	0.12%	–
RYU	New	RYDEX ETF TRUSTgug s&p500eqwtut	$264,000	–	3,092	–	0.12%	–
ISRG	New	INTUITIVE SURGICAL INC	$265,000	–	553	–	0.12%	–
APLE	New	APPLE HOSPITALITY REIT INC	$263,000	–	14,700	–	0.12%	–
SDOG	New	ALPS ETF TRsectr div dogs	$261,000	–	5,858	–	0.12%	–
MDIV	New	FIRST TR EXCHANGE TRADED FDmulti asset di	$258,000	–	14,100	–	0.12%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$258,000	–	4,503	–	0.12%	–
KMB	New	KIMBERLY CLARK CORP	$254,000	–	2,412	–	0.12%	–
TSN	New	TYSON FOODS INCcl a	$248,000	–	3,603	–	0.11%	–
FDX	New	FEDEX CORP	$242,000	–	1,067	–	0.11%	–
DWDP	New	DOWDUPONT INC	$233,000	–	3,540	–	0.11%	–
IWM	New	ISHARES TRrussell 2000 etf	$231,000	–	1,413	–	0.11%	–
SBUX	New	STARBUCKS CORP	$229,000	–	4,682	–	0.11%	–
MCD	New	MCDONALDS CORP	$225,000	–	1,436	–	0.10%	–
RHS	New	RYDEX ETF TRUSTgug s&p500 ewcon	$226,000	–	1,806	–	0.10%	–
RWO	New	SPDR INDEX SHS FDSdj glb rl es etf	$225,000	–	4,683	–	0.10%	–
COST	New	COSTCO WHSL CORP NEW	$225,000	–	1,079	–	0.10%	–
EEM	New	ISHARES TRmsci emg mkt etf	$214,000	–	4,943	–	0.10%	–
CVS	New	CVS HEALTH CORP	$214,000	–	3,320	–	0.10%	–
FNCL	New	FIDELITYmsci finls idx	$215,000	–	5,473	–	0.10%	–
AGG	New	ISHARES TRcore us aggbd et	$210,000	–	1,977	–	0.10%	–
FDIS	New	FIDELITYmsci consm dis	$204,000	–	4,768	–	0.09%	–
RTM	New	RYDEX ETF TRUSTgug s&p500eqwtma	$204,000	–	1,886	–	0.09%	–
JPST	New	JP MORGAN EXCHANGE TRADED FDultra shrt inc	$200,000	–	3,984	–	0.09%	–
O	New	REALTY INCOME CORP	$200,000	–	3,723	–	0.09%	–
USO	New	UNITED STATES OIL FUND LPunits	$181,000	–	12,016	–	0.08%	–

Q4 2017

			Value		Shares		↓ Weighting
USO	Exit	UNITED STATES OIL FUND LPunits	$0	–	-12,020	–	-0.06%	–
FTEC	Exit	FIDELITYmsci info tech i	$0	–	-4,490	–	-0.09%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-4,840	–	-0.10%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-3,150	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,440	–	-0.10%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-13,250	–	-0.11%	–
IJS	Exit	ISHARES TRsp smcp600vl etf	$0	–	-1,650	–	-0.11%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-230	–	-0.11%	–
FDX	Exit	FEDEX CORP	$0	–	-1,090	–	-0.11%	–
RYH	Exit	RYDEX ETF TRUSTgug s&p500eqwthc	$0	–	-1,430	–	-0.11%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-13,070	–	-0.11%	–
PFXF	Exit	VANECK VECTORS ETF TRpfd secs ex finl	$0	–	-12,360	–	-0.11%	–
IDV	Exit	ISHARES TRintl sel div etf	$0	–	-7,390	–	-0.11%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-3,730	–	-0.12%	–
SDOG	Exit	ALPS ETF TRsectr div dogs	$0	–	-5,860	–	-0.12%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,650	–	-0.12%	–
MDIV	Exit	FIRST TR EXCHANGE TRADED FDmulti asset di	$0	–	-14,100	–	-0.12%	–
BLK	Exit	BLACKROCK INC	$0	–	-610	–	-0.12%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-290	–	-0.12%	–
BSCL	Exit	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$0	–	-13,080	–	-0.12%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-4,500	–	-0.13%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,140	–	-0.13%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,580	–	-0.13%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-3,920	–	-0.13%	–
IJT	Exit	ISHARES TRs&p sml 600 gwt	$0	–	-1,900	–	-0.14%	–
RGI	Exit	RYDEX ETF TRUSTgug s&p500 eq wt	$0	–	-2,740	–	-0.14%	–
PHB	Exit	POWERSHARES ETF TR IIfdm hg yld rafi	$0	–	-16,060	–	-0.14%	–
RYT	Exit	RYDEX ETF TRUSTgug s&p500eqwtte	$0	–	-2,290	–	-0.14%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-2,250	–	-0.14%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-13,460	–	-0.14%	–
SO	Exit	SOUTHERN CO	$0	–	-6,450	–	-0.14%	–
RYF	Exit	RYDEX ETF TRUSTgug s&p500eqwtfi	$0	–	-7,850	–	-0.14%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-8,260	–	-0.14%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-3,900	–	-0.14%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-2,640	–	-0.14%	–
VRP	Exit	POWERSHARES ETF TR IIvar rate pfd por	$0	–	-12,280	–	-0.14%	–
RCD	Exit	RYDEX ETF TRUSTgug s&p sc500 eq	$0	–	-3,510	–	-0.15%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,320	–	-0.15%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-29,430	–	-0.15%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,940	–	-0.15%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-4,010	–	-0.15%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-1,050	–	-0.16%	–
O	Exit	REALTY INCOME CORP	$0	–	-6,180	–	-0.16%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,580	–	-0.16%	–
ETN	Exit	EATON CORP PLC	$0	–	-4,700	–	-0.16%	–
T	Exit	AT&T INC	$0	–	-9,340	–	-0.16%	–
HAL	Exit	HALLIBURTON CO	$0	–	-7,950	–	-0.16%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-2,700	–	-0.17%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-8,960	–	-0.18%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-14,910	–	-0.19%	–
AOR	Exit	ISHARESgrwt allocat etf	$0	–	-9,520	–	-0.19%	–
PCAR	Exit	PACCAR INC	$0	–	-6,020	–	-0.19%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-9,150	–	-0.19%	–
KIE	Exit	SPDR SERIES TRUSTs&p ins etf	$0	–	-5,000	–	-0.20%	–
FDRR	Exit	FIDELITYdivid etf risi	$0	–	-15,830	–	-0.20%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-2,520	–	-0.21%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,280	–	-0.21%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-3,530	–	-0.22%	–
PEP	Exit	PEPSICO INC	$0	–	-4,360	–	-0.22%	–
V	Exit	VISA INC	$0	–	-4,610	–	-0.22%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,360	–	-0.22%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-3,290	–	-0.22%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-9,070	–	-0.22%	–
XAR	Exit	SPDR SERIES TRUSTaerospace def	$0	–	-6,440	–	-0.22%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,310	–	-0.23%	–
SAIC	Exit	SCIENCE APPLICATNS INTL CP N	$0	–	-7,870	–	-0.23%	–
BSCH	Exit	CLAYMORE EXCHANGE TRD FD TRgugg crp bd 2017	$0	–	-23,530	–	-0.23%	–
GLW	Exit	CORNING INC	$0	–	-18,020	–	-0.24%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,840	–	-0.24%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-6,090	–	-0.24%	–
IGV	Exit	ISHARES TRna tec sftwr etf	$0	–	-3,750	–	-0.24%	–
AET	Exit	AETNA INC NEW	$0	–	-3,490	–	-0.24%	–
PPL	Exit	PPL CORP	$0	–	-14,700	–	-0.25%	–
PFE	Exit	PFIZER INC	$0	–	-16,910	–	-0.26%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-6,660	–	-0.27%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-10,380	–	-0.27%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,070	–	-0.28%	–
CPT	Exit	CAMDEN PPTY TRsh ben int	$0	–	-7,080	–	-0.29%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-6,040	–	-0.29%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-30,750	–	-0.29%	–
INTC	Exit	INTEL CORP	$0	–	-17,480	–	-0.30%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-4,740	–	-0.30%	–
AMZN	Exit	AMAZON COM INC	$0	–	-710	–	-0.30%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,840	–	-0.30%	–
JPS	Exit	NUVEEN PFD & INCM SECURTIES	$0	–	-72,080	–	-0.33%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,380	–	-0.34%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,160	–	-0.34%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-940	–	-0.40%	–
QCOM	Exit	QUALCOMM INC	$0	–	-17,760	–	-0.41%	–
LDOS	Exit	LEIDOS HLDGS INC	$0	–	-15,880	–	-0.42%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-47,210	–	-0.44%	–
BSCK	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$0	–	-49,630	–	-0.47%	–
GSLC	Exit	GOLDMAN SACHS ETF TRequity etf	$0	–	-24,410	–	-0.54%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,790	–	-0.62%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-11,580	–	-0.66%	–
AAPL	Exit	APPLE INC	$0	–	-12,520	–	-0.85%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-11,110	–	-1.13%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-12,070	–	-1.34%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-49,160	–	-1.78%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-160,490	–	-1.83%	–
DBEF	Exit	DBX ETF TRxtrak msci eafe	$0	–	-187,570	–	-2.57%	–
PWV	Exit	POWERSHARES ETF TRUSTdynm lrg cp vl	$0	–	-167,060	–	-2.76%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-54,410	–	-2.85%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-79,420	–	-3.16%	–
MTUM	Exit	ISHARES TRusa momentum fct	$0	–	-75,350	–	-3.19%	–
IYF	Exit	ISHARES TRu.s. finls etf	$0	–	-69,900	–	-3.46%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-113,580	–	-3.56%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-54,930	–	-3.69%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-77,830	–	-3.80%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-115,740	–	-4.19%	–
IEF	Exit	ISHARES TRbarclays 7 10 yr	$0	–	-91,900	–	-4.33%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-250,110	–	-4.80%	–
IWO	Exit	ISHARES TRrus 2000 grw etf	$0	–	-63,720	–	-5.04%	–
BIV	Exit	VANGUARD BD INDEX FD INCintermed term	$0	–	-180,330	–	-6.75%	–
ESS	Exit	ESSEX PPTY TR INC	$0	–	-170,660	–	-19.16%	–

Q3 2017

			Value		Shares		↓ Weighting
ESS	Sell	ESSEX PPTY TR INC	$43,350,000	-1.4%	170,660	-0.1%	19.16%	-4.4%
BIV	Buy	VANGUARD BD INDEX FD INCintermed term	$15,270,000	+2.8%	180,330	+2.6%	6.75%	-0.4%
IWO	Buy	ISHARES TRrus 2000 grw etf	$11,400,000	+8.3%	63,720	+2.1%	5.04%	+4.9%
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$10,860,000	–	250,110	–	4.80%	–
IEF	Buy	ISHARES TRbarclays 7 10 yr	$9,790,000	+2.9%	91,900	+3.1%	4.33%	-0.3%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$9,490,000	+4.4%	115,740	+4.2%	4.19%	+1.2%
SHV	Buy	ISHARES TRshort treas bd	$8,590,000	+7.0%	77,830	+6.9%	3.80%	+3.7%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$8,350,000	+5.7%	54,930	-2.1%	3.69%	+2.4%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$8,060,000	+3.1%	113,580	-1.1%	3.56%	-0.1%
IYF	New	ISHARES TRu.s. finls etf	$7,840,000	–	69,900	–	3.46%	–
MTUM	Sell	ISHARES TRusa momentum fct	$7,210,000	+7.0%	75,350	-0.7%	3.19%	+3.6%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$7,150,000	+0.6%	79,420	+0.2%	3.16%	-2.6%
IWD	Buy	ISHARES TRrus 1000 val etf	$6,450,000	+2.2%	54,410	+0.4%	2.85%	-0.9%
PWV	Buy	POWERSHARES ETF TRUSTdynm lrg cp vl	$6,240,000	+4.0%	167,060	+0.9%	2.76%	+0.8%
DBEF	Buy	DBX ETF TRxtrak msci eafe	$5,820,000	+5.8%	187,570	+2.3%	2.57%	+2.5%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$4,150,000	+3.5%	160,490	-1.2%	1.83%	+0.3%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$4,020,000	+2.3%	49,160	-0.8%	1.78%	-0.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$3,030,000	+57.0%	12,070	+51.5%	1.34%	+52.2%
VOO	Sell	VANGUARD INDEX FDS	$2,560,000	-4.8%	11,110	-8.4%	1.13%	-7.8%
AAPL	Buy	APPLE INC	$1,930,000	+10.9%	12,520	+3.7%	0.85%	+7.4%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,500,000	+9.5%	11,580	+5.4%	0.66%	+6.1%
JNJ	Sell	JOHNSON & JOHNSON	$1,400,000	-3.4%	10,790	-1.4%	0.62%	-6.4%
GSLC	Sell	GOLDMAN SACHS ETF TRequity etf	$1,220,000	-4.7%	24,410	-8.0%	0.54%	-7.7%
BSCK	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$1,070,000	+0.9%	49,630	+0.7%	0.47%	-2.1%
BSCI	Sell	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$1,000,000	0.0%	47,210	-0.0%	0.44%	-3.1%
LDOS	Buy	LEIDOS HLDGS INC	$940,000	+14.6%	15,880	+0.0%	0.42%	+11.0%
QCOM	Buy	QUALCOMM INC	$920,000	+17.9%	17,760	+26.4%	0.41%	+14.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$910,000	+3.4%	940	-0.9%	0.40%	+0.2%
JPM	Sell	JPMORGAN CHASE & CO	$780,000	+2.6%	8,160	-1.6%	0.34%	-0.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$760,000	+13.4%	15,380	+2.8%	0.34%	+9.8%
JPS	Buy	NUVEEN PFD & INCM SECURTIES	$750,000	+4.2%	72,080	+2.0%	0.33%	+0.9%
CVX	Sell	CHEVRON CORP NEW	$690,000	+9.5%	5,840	-2.9%	0.30%	+6.3%
AMZN	Buy	AMAZON COM INC	$680,000	+1.5%	710	+1.9%	0.30%	-1.6%
INTC	Buy	INTEL CORP	$670,000	+24.1%	17,480	+8.7%	0.30%	+20.3%
HON	Buy	HONEYWELL INTL INC	$670,000	+6.3%	4,740	+0.2%	0.30%	+3.1%
CPT	Buy	CAMDEN PPTY TRsh ben int	$650,000	+12.1%	7,080	+3.6%	0.29%	+8.3%
BSCJ	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$650,000	+3.2%	30,750	+4.0%	0.29%	0.0%
PRF	Sell	POWERSHARES ETF TRUSTftse rafi 1000	$650,000	+4.8%	6,040	-0.0%	0.29%	+1.4%
ABBV	Sell	ABBVIE INC	$630,000	+21.2%	7,070	-1.8%	0.28%	+17.3%
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$610,000	+7.0%	6,660	+3.8%	0.27%	+3.8%
VGK	Buy	VANGUARD INTL EQUITY INDEX Fftse europe etf	$610,000	+8.9%	10,380	+1.3%	0.27%	+5.9%
PFE	Buy	PFIZER INC	$600,000	+9.1%	16,910	+3.5%	0.26%	+5.6%
PPL	Sell	PPL CORP	$560,000	-3.4%	14,700	-1.8%	0.25%	-6.8%
PG	Sell	PROCTER AND GAMBLE CO	$550,000	+1.9%	6,090	-1.6%	0.24%	-1.2%
AET	Sell	AETNA INC NEW	$550,000	+1.9%	3,490	-1.7%	0.24%	-1.2%
IGV	Sell	ISHARES TRna tec sftwr etf	$550,000	+5.8%	3,750	-1.8%	0.24%	+2.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$540,000	+8.0%	2,840	-1.8%	0.24%	+4.8%
GLW	Sell	CORNING INC	$540,000	-1.8%	18,020	-1.9%	0.24%	-4.8%
SAIC	Buy	SCIENCE APPLICATNS INTL CP N	$530,000	-3.6%	7,870	+0.1%	0.23%	-6.8%
XOM	Sell	EXXON MOBIL CORP	$520,000	0.0%	6,310	-1.1%	0.23%	-3.0%
XAR	Sell	SPDR SERIES TRUSTaerospace def	$510,000	+10.9%	6,440	-1.8%	0.22%	+7.1%
ITW	Sell	ILLINOIS TOOL WKS INC	$500,000	+2.0%	3,360	-1.6%	0.22%	-0.9%
WFC	Sell	WELLS FARGO CO NEW	$500,000	-2.0%	9,070	-2.1%	0.22%	-5.2%
LH	Sell	LABORATORY CORP AMER HLDGS	$500,000	-3.8%	3,290	-1.9%	0.22%	-6.8%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$490,000	+2.1%	3,530	+3.5%	0.22%	-0.9%
PEP	Sell	PEPSICO INC	$490,000	-3.9%	4,360	-1.6%	0.22%	-6.9%
V	Sell	VISA INC	$490,000	+11.4%	4,610	-1.6%	0.22%	+8.0%
CSCO	Sell	CISCO SYS INC	$480,000	+6.7%	14,280	-1.6%	0.21%	+3.4%
LRCX	Sell	LAM RESEARCH CORP	$470,000	+30.6%	2,520	-1.9%	0.21%	+26.8%
FDRR	Buy	FIDELITYdivid etf risi	$460,000	+7.0%	15,830	+3.7%	0.20%	+3.6%
KIE	Sell	SPDR SERIES TRUSTs&p ins etf	$450,000	0.0%	5,000	-1.9%	0.20%	-2.9%
PCAR	Sell	PACCAR INC	$440,000	+7.3%	6,020	-1.9%	0.19%	+3.7%
DAL	Sell	DELTA AIR LINES INC DEL	$440,000	-12.0%	9,150	-1.8%	0.19%	-14.9%
AOR	Buy	ISHARESgrwt allocat etf	$430,000	+48.3%	9,520	+44.9%	0.19%	+43.9%
FITB	Sell	FIFTH THIRD BANCORP	$420,000	+7.7%	14,910	-1.8%	0.19%	+4.5%
IGF	Buy	ISHARES TRglb infrastr etf	$410,000	+7.9%	8,960	+3.7%	0.18%	+4.6%
T	New	AT&T INC	$370,000	–	9,340	–	0.16%	–
HAL	Sell	HALLIBURTON CO	$370,000	+5.7%	7,950	-1.8%	0.16%	+2.5%
ETN	Sell	EATON CORP PLC	$360,000	-2.7%	4,700	-1.9%	0.16%	-5.9%
IBB	Sell	ISHARES TRnasdaq biotech	$350,000	+6.1%	1,050	-1.6%	0.16%	+2.6%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$350,000	+12.9%	3,580	-1.8%	0.16%	+9.9%
O	Sell	REALTY INCOME CORP	$350,000	+2.9%	6,180	-0.0%	0.16%	0.0%
COF	Sell	CAPITAL ONE FINL CORP	$340,000	-2.9%	4,010	-6.6%	0.15%	-6.2%
DIS	Sell	DISNEY WALT CO	$330,000	-8.3%	3,320	-1.9%	0.15%	-11.0%
DUK	Buy	DUKE ENERGY CORP NEW	$330,000	+3.1%	3,940	+3.7%	0.15%	0.0%
AMLP	Buy	ALPS ETF TRalerian mlp	$330,000	-2.9%	29,430	+3.7%	0.15%	-5.8%
RCD	Buy	RYDEX ETF TRUSTgug s&p sc500 eq	$330,000	+6.5%	3,510	+6.0%	0.15%	+3.5%
VRP	Buy	POWERSHARES ETF TR IIvar rate pfd por	$320,000	+3.2%	12,280	+3.7%	0.14%	0.0%
MU	Sell	MICRON TECHNOLOGY INC	$320,000	+28.0%	8,260	-0.2%	0.14%	+23.7%
SO	Buy	SOUTHERN CO	$320,000	+6.7%	6,450	+3.7%	0.14%	+2.9%
RYF	Buy	RYDEX ETF TRUSTgug s&p500eqwtfi	$320,000	+6.7%	7,850	+4.0%	0.14%	+2.9%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$320,000	+6.7%	2,640	-1.7%	0.14%	+2.9%
CVS	Sell	CVS HEALTH CORP	$320,000	0.0%	3,900	-1.7%	0.14%	-3.4%
BKLN	Buy	POWERSHARES ETF TRUST IIsenior ln port	$310,000	+3.3%	13,460	+3.7%	0.14%	0.0%
IWB	Sell	ISHARES TRrus 1000 etf	$310,000	-8.8%	2,250	-10.8%	0.14%	-11.6%
PHB	Buy	POWERSHARES ETF TR IIfdm hg yld rafi	$310,000	+6.9%	16,060	+3.7%	0.14%	+3.8%
RYT	Buy	RYDEX ETF TRUSTgug s&p500eqwtte	$310,000	+10.7%	2,290	+3.0%	0.14%	+7.0%
RGI	Buy	RYDEX ETF TRUSTgug s&p500 eq wt	$310,000	+10.7%	2,740	+4.7%	0.14%	+7.0%
CTXS	Sell	CITRIX SYS INC	$300,000	-9.1%	3,920	-6.7%	0.13%	-11.9%
SBUX	Sell	STARBUCKS CORP	$300,000	-9.1%	5,580	-1.4%	0.13%	-11.9%
CCL	Sell	CARNIVAL CORPunit 99/99/9999	$290,000	-3.3%	4,500	-0.4%	0.13%	-6.6%
IVV	Sell	ISHARES TRcore s&p500 etf	$290,000	-97.1%	1,140	-97.3%	0.13%	-97.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$280,000	+33.3%	290	+27.8%	0.12%	+29.2%
BSCL	Buy	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$280,000	0.0%	13,080	+0.0%	0.12%	-3.1%
BLK	Sell	BLACKROCK INC	$270,000	+3.8%	610	-1.1%	0.12%	0.0%
COST	Buy	COSTCO WHSL CORP NEW	$270,000	+28.6%	1,650	+24.2%	0.12%	+24.0%
TSN	New	TYSON FOODS INCcl a	$260,000	–	3,730	–	0.12%	–
SDOG	Sell	ALPS ETF TRsectr div dogs	$260,000	+4.0%	5,860	-1.6%	0.12%	+0.9%
APLE	Buy	APPLE HOSPITALITY REIT INC	$250,000	+4.2%	13,070	+3.7%	0.11%	+0.9%
IDV	Buy	ISHARES TRintl sel div etf	$250,000	+8.7%	7,390	+3.7%	0.11%	+4.8%
PFXF	Buy	VANECK VECTORS ETF TRpfd secs ex finl	$250,000	+4.2%	12,360	+3.7%	0.11%	+0.9%
RYH	Buy	RYDEX ETF TRUSTgug s&p500eqwthc	$250,000	+8.7%	1,430	+8.8%	0.11%	+4.8%
FDX	Sell	FEDEX CORP	$240,000	0.0%	1,090	-1.5%	0.11%	-2.8%
IJS	Buy	ISHARES TRsp smcp600vl etf	$240,000	+4.3%	1,650	+0.3%	0.11%	+1.0%
ISRG	Buy	INTUITIVE SURGICAL INC	$240,000	+14.3%	230	+2.2%	0.11%	+10.4%
HST	Sell	HOST HOTELS & RESORTS INC	$240,000	-4.0%	13,250	-1.8%	0.11%	-7.0%
MCD	Buy	MCDONALDS CORP	$220,000	0.0%	1,440	+0.3%	0.10%	-3.0%
DWDP	New	DOWDUPONT INC	$220,000	–	3,150	–	0.10%	–
EEM	Sell	ISHARES TRmsci emg mkt etf	$220,000	+10.0%	4,840	-0.1%	0.10%	+6.6%
FTEC	New	FIDELITYmsci info tech i	$210,000	–	4,490	–	0.09%	–
USO	Buy	UNITED STATES OIL FUND LPunits	$130,000	+18.2%	12,020	+0.0%	0.06%	+14.0%
MYL	Exit	MYLAN N V	$0	–	-6,166	–	-0.11%	–
JWN	Exit	NORDSTROM INC	$0	–	-5,896	–	-0.13%	–
	Exit	SPDR S&P 500 ETF TR	$0	–	-75	–	-0.83%	–
IHI	Exit	ISHARES TRu.s. med dvc etf	$0	–	-47,032	–	-3.58%	–

Q2 2017

			Value		Shares		↓ Weighting
ESS	New	ESSEX PPTY TR INC	$43,950,000	–	170,844	–	20.05%	–
BIV	New	VANGUARD BD INDEX FD INCintermed term	$14,860,000	–	175,832	–	6.78%	–
IWO	New	ISHARES TRrus 2000 grw etf	$10,530,000	–	62,401	–	4.80%	–
IVV	New	ISHARES TRcore s&p500 etf	$10,120,000	–	41,573	–	4.62%	–
IEF	New	ISHARES TR7-10yr tr bd etf	$9,510,000	–	89,169	–	4.34%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$9,090,000	–	111,073	–	4.15%	–
SHV	New	ISHARES TRshrt trs bd etf	$8,030,000	–	72,792	–	3.66%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$7,900,000	–	56,102	–	3.60%	–
IHI	New	ISHARES TRu.s. med dvc etf	$7,840,000	–	47,032	–	3.58%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$7,820,000	–	114,848	–	3.57%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$7,110,000	–	79,298	–	3.24%	–
MTUM	New	ISHARES TRusa momentum fct	$6,740,000	–	75,851	–	3.07%	–
IWD	New	ISHARES TRrus 1000 val etf	$6,310,000	–	54,199	–	2.88%	–
PWV	New	POWERSHARES ETF TRUSTdynm lrg cp vl	$6,000,000	–	165,647	–	2.74%	–
DBEF	New	DBX ETF TRxtrak msci eafe	$5,500,000	–	183,303	–	2.51%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$4,010,000	–	162,411	–	1.83%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$3,930,000	–	49,555	–	1.79%	–
VOO	New	VANGUARD INDEX FDS	$2,690,000	–	12,128	–	1.23%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,930,000	–	7,968	–	0.88%	–
	New	SPDR S&P 500 ETF TR	$1,810,000	–	75	–	0.83%	–
AAPL	New	APPLE INC	$1,740,000	–	12,076	–	0.79%	–
JNJ	New	JOHNSON & JOHNSON	$1,450,000	–	10,946	–	0.66%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,370,000	–	10,987	–	0.62%	–
GSLC	New	GOLDMAN SACHS ETF TRequity etf	$1,280,000	–	26,541	–	0.58%	–
BSCK	New	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$1,060,000	–	49,287	–	0.48%	–
BSCI	New	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$1,000,000	–	47,211	–	0.46%	–
GOOGL	New	ALPHABET INCcap stk cl a	$880,000	–	949	–	0.40%	–
LDOS	New	LEIDOS HLDGS INC	$820,000	–	15,878	–	0.37%	–
QCOM	New	QUALCOMM INC	$780,000	–	14,053	–	0.36%	–
JPM	New	JPMORGAN CHASE & CO	$760,000	–	8,296	–	0.35%	–
JPS	New	NUVEEN PREFERRED SECURITIES	$720,000	–	70,678	–	0.33%	–
AMZN	New	AMAZON COM INC	$670,000	–	697	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS INC	$670,000	–	14,957	–	0.31%	–
BSCJ	New	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$630,000	–	29,554	–	0.29%	–
CVX	New	CHEVRON CORP NEW	$630,000	–	6,012	–	0.29%	–
HON	New	HONEYWELL INTL INC	$630,000	–	4,729	–	0.29%	–
PRF	New	POWERSHARES ETF TRUSTftse rafi 1000	$620,000	–	6,043	–	0.28%	–
PPL	New	PPL CORP	$580,000	–	14,973	–	0.26%	–
CPT	New	CAMDEN PPTY TRsh ben int	$580,000	–	6,831	–	0.26%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$570,000	–	6,414	–	0.26%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$560,000	–	10,244	–	0.26%	–
SAIC	New	SCIENCE APPLICATNS INTL CP N	$550,000	–	7,865	–	0.25%	–
PFE	New	PFIZER INC	$550,000	–	16,338	–	0.25%	–
GLW	New	CORNING INC	$550,000	–	18,360	–	0.25%	–
INTC	New	INTEL CORP	$540,000	–	16,080	–	0.25%	–
PG	New	PROCTER AND GAMBLE CO	$540,000	–	6,189	–	0.25%	–
AET	New	AETNA INC NEW	$540,000	–	3,550	–	0.25%	–
BSCH	New	CLAYMORE EXCHANGE TRD FD TRgugg crp bd 2017	$530,000	–	23,530	–	0.24%	–
XOM	New	EXXON MOBIL CORP	$520,000	–	6,381	–	0.24%	–
IGV	New	ISHARES TRna tec-sftwr etf	$520,000	–	3,820	–	0.24%	–
ABBV	New	ABBVIE INC	$520,000	–	7,203	–	0.24%	–
LH	New	LABORATORY CORP AMER HLDGS	$520,000	–	3,355	–	0.24%	–
PEP	New	PEPSICO INC	$510,000	–	4,432	–	0.23%	–
WFC	New	WELLS FARGO CO NEW	$510,000	–	9,266	–	0.23%	–
DAL	New	DELTA AIR LINES INC DEL	$500,000	–	9,319	–	0.23%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$500,000	–	2,893	–	0.23%	–
ITW	New	ILLINOIS TOOL WKS INC	$490,000	–	3,416	–	0.22%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$480,000	–	3,409	–	0.22%	–
XAR	New	SPDR SERIES TRUSTaerospace def	$460,000	–	6,558	–	0.21%	–
KIE	New	SPDR SERIES TRUSTs&p ins etf	$450,000	–	5,096	–	0.20%	–
CSCO	New	CISCO SYS INC	$450,000	–	14,513	–	0.20%	–
V	New	VISA INC	$440,000	–	4,684	–	0.20%	–
FDRR	New	FIDELITYdivid etf risi	$430,000	–	15,265	–	0.20%	–
PCAR	New	PACCAR INC	$410,000	–	6,137	–	0.19%	–
FITB	New	FIFTH THIRD BANCORP	$390,000	–	15,181	–	0.18%	–
IGF	New	ISHARES TRglb infrastr etf	$380,000	–	8,642	–	0.17%	–
ETN	New	EATON CORP PLC	$370,000	–	4,791	–	0.17%	–
DIS	New	DISNEY WALT CO	$360,000	–	3,386	–	0.16%	–
LRCX	New	LAM RESEARCH CORP	$360,000	–	2,568	–	0.16%	–
HAL	New	HALLIBURTON CO	$350,000	–	8,099	–	0.16%	–
COF	New	CAPITAL ONE FINL CORP	$350,000	–	4,292	–	0.16%	–
IWB	New	ISHARES TRrus 1000 etf	$340,000	–	2,522	–	0.16%	–
O	New	REALTY INCOME CORP	$340,000	–	6,181	–	0.16%	–
AMLP	New	ALPS ETF TRalerian mlp	$340,000	–	28,376	–	0.16%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$330,000	–	2,700	–	0.15%	–
CTXS	New	CITRIX SYS INC	$330,000	–	4,202	–	0.15%	–
IBB	New	ISHARES TRnasdq biotec etf	$330,000	–	1,067	–	0.15%	–
SBUX	New	STARBUCKS CORP	$330,000	–	5,662	–	0.15%	–
DUK	New	DUKE ENERGY CORP NEW	$320,000	–	3,800	–	0.15%	–
CVS	New	CVS HEALTH CORP	$320,000	–	3,969	–	0.15%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$310,000	–	11,846	–	0.14%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$310,000	–	3,646	–	0.14%	–
RCD	New	RYDEX ETF TRUSTgug s&p sc500 eq	$310,000	–	3,312	–	0.14%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$300,000	–	4,517	–	0.14%	–
IJT	New	ISHARES TRsp smcp600gr etf	$300,000	–	1,900	–	0.14%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$300,000	–	12,985	–	0.14%	–
RYF	New	RYDEX ETF TRUSTgug s&p500eqwtfi	$300,000	–	7,549	–	0.14%	–
SO	New	SOUTHERN CO	$300,000	–	6,221	–	0.14%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$300,000	–	2,687	–	0.14%	–
PHB	New	POWERSHARES ETF TR IIfdm hg yld rafi	$290,000	–	15,493	–	0.13%	–
AOR	New	ISHARESgrwt allocat etf	$290,000	–	6,568	–	0.13%	–
RYT	New	RYDEX ETF TRUSTgug s&p500eqwtte	$280,000	–	2,224	–	0.13%	–
JWN	New	NORDSTROM INC	$280,000	–	5,896	–	0.13%	–
BSCL	New	CLAYMORE EXCHANGE TRD FD TRgugg bulsh 2021	$280,000	–	13,077	–	0.13%	–
RGI	New	RYDEX ETF TRUSTgug s&p500 eq wt	$280,000	–	2,618	–	0.13%	–
MDIV	New	FIRST TR EXCHANGE TRADED FDmulti asset di	$270,000	–	14,100	–	0.12%	–
BLK	New	BLACKROCK INC	$260,000	–	617	–	0.12%	–
MU	New	MICRON TECHNOLOGY INC	$250,000	–	8,278	–	0.11%	–
HST	New	HOST HOTELS & RESORTS INC	$250,000	–	13,497	–	0.11%	–
SDOG	New	ALPS ETF TRsectr div dogs	$250,000	–	5,958	–	0.11%	–
MYL	New	MYLAN N V	$240,000	–	6,166	–	0.11%	–
PFXF	New	VANECK VECTORS ETF TRpfd secs ex finl	$240,000	–	11,920	–	0.11%	–
APLE	New	APPLE HOSPITALITY REIT INC	$240,000	–	12,606	–	0.11%	–
FDX	New	FEDEX CORP	$240,000	–	1,107	–	0.11%	–
IJS	New	ISHARES TRsp smcp600vl etf	$230,000	–	1,645	–	0.10%	–
RYH	New	RYDEX ETF TRUSTgug s&p500eqwthc	$230,000	–	1,314	–	0.10%	–
IDV	New	ISHARES TRintl sel div etf	$230,000	–	7,123	–	0.10%	–
MCD	New	MCDONALDS CORP	$220,000	–	1,436	–	0.10%	–
GOOG	New	ALPHABET INCcap stk cl c	$210,000	–	227	–	0.10%	–
ISRG	New	INTUITIVE SURGICAL INC	$210,000	–	225	–	0.10%	–
COST	New	COSTCO WHSL CORP NEW	$210,000	–	1,329	–	0.10%	–
EEM	New	ISHARES TRmsci emg mkt etf	$200,000	–	4,843	–	0.09%	–
USO	New	UNITED STATES OIL FUND LPunits	$110,000	–	12,016	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
USO	Exit	UNITED STATES OIL FUND LPunits	$0	–	-12,016	–	-0.09%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-10,586	–	-0.09%	–
	Exit	ANNALY CAP MGMT INC	$0	–	-18,614	–	-0.14%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-16,001	–	-0.14%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-4,873	–	-0.14%	–
AOA	Exit	ISHARESaggres alloc etf	$0	–	-3,410	–	-0.14%	–
HST	Exit	HOST HOTELS & RESORT INC	$0	–	-13,718	–	-0.15%	–
MDIV	Exit	FIRST TR EXCHANGE TRADED FDmulti asset di	$0	–	-11,894	–	-0.16%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,346	–	-0.16%	–
IGIB	Exit	ISHARES TRintern cr bd etf	$0	–	-2,141	–	-0.16%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-2,691	–	-0.17%	–
AL	Exit	AIR LEASE CORPcl a	$0	–	-8,724	–	-0.17%	–
MYL	Exit	MYLAN NV	$0	–	-6,589	–	-0.17%	–
IJS	Exit	ISHARES TRsp smcp 600vl etf	$0	–	-2,030	–	-0.18%	–
IJT	Exit	I SHARES TRsp smcp600gr etf	$0	–	-1,900	–	-0.18%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-1,922	–	-0.18%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-7,103	–	-0.18%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,225	–	-0.19%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-7,321	–	-0.20%	–
RTN	Exit	RAYTHEON CO	$0	–	-2,080	–	-0.20%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,675	–	-0.20%	–
SHOO	Exit	MADDEN STEVEN LTD	$0	–	-8,587	–	-0.20%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-16,809	–	-0.21%	–
BWX	Exit	SPDR SERIES TRUSTbrclys intl etf	$0	–	-10,606	–	-0.21%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,668	–	-0.21%	–
IEI	Exit	ISHARES TR3-7 yr tr bd etf	$0	–	-2,480	–	-0.22%	–
DIS	Exit	WALT DISNEY CO	$0	–	-3,423	–	-0.22%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-6,594	–	-0.22%	–
CPT	Exit	CAMDEN PPTY TRsh ben int	$0	–	-3,852	–	-0.22%	–
PFE	Exit	PFIZER INC	$0	–	-9,590	–	-0.22%	–
JWN	Exit	NORDSTORM INC	$0	–	-6,255	–	-0.22%	–
SO	Exit	SOUTHERN CO	$0	–	-6,630	–	-0.24%	–
IBB	Exit	ISHARES TRnasdq biotec etf	$0	–	-1,175	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-4,315	–	-0.24%	–
GSLC	Exit	GOLDMAN SACHS ETF TRequity etf	$0	–	-7,959	–	-0.24%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-4,056	–	-0.25%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-14,152	–	-0.25%	–
PCAR	Exit	PACCAR INC	$0	–	-6,188	–	-0.25%	–
HAL	Exit	HALLIBURTON CO	$0	–	-8,163	–	-0.25%	–
AOR	Exit	ISHARES TRgrwt allocat etf	$0	–	-9,033	–	-0.26%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-9,470	–	-0.26%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-8,721	–	-0.27%	–
AET	Exit	AETNA INC NEW	$0	–	-3,607	–	-0.29%	–
GLW	Exit	CORNING INC	$0	–	-18,667	–	-0.30%	–
BSCH	Exit	CLAYMORE EXCHANGE TRD FD TRgugg crp bd 2017	$0	–	-19,989	–	-0.31%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,491	–	-0.32%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,317	–	-0.32%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,937	–	-0.32%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-3,409	–	-0.32%	–
PEP	Exit	PEPSICO INC	$0	–	-4,404	–	-0.33%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-5,172	–	-0.34%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-6,834	–	-0.34%	–
BIL	Exit	SPDR SERIES TRUSTbrclys 1-3mt etf	$0	–	-10,782	–	-0.34%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,754	–	-0.35%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-4,663	–	-0.35%	–
PPL	Exit	PPL CORP	$0	–	-15,210	–	-0.36%	–
BSCJ	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$0	–	-24,647	–	-0.36%	–
BSCI	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$0	–	-25,063	–	-0.37%	–
INTC	Exit	INTEL CORP	$0	–	-14,199	–	-0.37%	–
BSCK	Exit	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$0	–	-24,752	–	-0.37%	–
PG	Exit	PROCTOR & GAMBLE CO	$0	–	-6,230	–	-0.39%	–
JPM	Exit	J P Morgan & CO	$0	–	-8,525	–	-0.39%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-6,804	–	-0.40%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-6,878	–	-0.40%	–
	Exit	AMAZON.COM	$0	–	-702	–	-0.41%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,903	–	-0.43%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-5,952	–	-0.46%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-13,618	–	-0.49%	–
JPS	Exit	NUVEEN PREFERRED SECURITIES	$0	–	-74,383	–	-0.49%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-5,955	–	-0.49%	–
IWB	Exit	ISHARES TRrus 1000 etf	$0	–	-6,134	–	-0.51%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-940	–	-0.52%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-7,412	–	-0.53%	–
QCOM	Exit	QUALCOMM INC	$0	–	-11,413	–	-0.54%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-8,543	–	-0.55%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,431	–	-0.85%	–
AAPL	Exit	APPLE INC	$0	–	-12,092	–	-0.94%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-22,518	–	-3.09%	–
SCHD	Exit	SCHWAB STRATEGIC TRIus dividend eq	$0	–	-119,824	–	-3.50%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-38,694	–	-3.55%	–
KRE	Exit	SPDR SERIES TRUSTs&p regl bkg	$0	–	-124,037	–	-3.62%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-52,776	–	-3.85%	–
MTUM	Exit	ISHARES TRusa momentum fct	$0	–	-73,741	–	-3.94%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-86,490	–	-4.78%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-58,763	–	-4.88%	–
	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-121,257	–	-4.89%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-133,624	–	-4.91%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-97,764	–	-5.68%	–
IVV	Exit	ISHARES TRcore s&p 500 etf	$0	–	-40,539	–	-6.09%	–
IWO	Exit	ISHARES TRrus 2000 grw etf	$0	–	-63,309	–	-6.51%	–
IEF	Exit	ISHARES TR3-7 yr tr bd etf	$0	–	-87,761	–	-6.78%	–
BIV	Exit	VANGUARD BD INDEX FD INCintermed term	$0	–	-178,136	–	-10.78%	–

Q3 2016

			Value		Shares		↓ Weighting
BIV	Buy	VANGUARD BD INDEX FD INCintermed term	$15,615,000	+190.5%	178,136	+191.8%	10.78%	+155.4%
IEF	Buy	ISHARES TR3-7 yr tr bd etf	$9,819,000	+0.1%	87,761	+1.0%	6.78%	-12.0%
IWO	Buy	ISHARES TRrus 2000 grw etf	$9,427,000	+10.0%	63,309	+1.4%	6.51%	-3.2%
IVV	Buy	ISHARES TRcore s&p 500 etf	$8,820,000	+4.7%	40,539	+1.3%	6.09%	-7.9%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$8,226,000	+3.9%	97,764	+4.1%	5.68%	-8.6%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$7,110,000	-2.0%	133,624	+1.5%	4.91%	-13.8%
	Buy	SELECT SECTOR SPDR TRsbi int-inds	$7,079,000	+962.9%	121,257	+2.0%	4.89%	+834.6%
VGT	Buy	VANGUARD WORLD FDSinf tech etf	$7,073,000	+14.8%	58,763	+2.2%	4.88%	+1.0%
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$6,923,000	+6.0%	86,490	+3.4%	4.78%	-6.8%
MTUM	Sell	ISHARES TRusa momentum fct	$5,705,000	-0.2%	73,741	-1.4%	3.94%	-12.2%
IWD	New	ISHARES TRrus 1000 val etf	$5,574,000	–	52,776	–	3.85%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$5,243,000	–	124,037	–	3.62%	–
VHT	Buy	VANGUARD WORLD FDShealth car etf	$5,142,000	+5.4%	38,694	+3.5%	3.55%	-7.3%
SCHD	Sell	SCHWAB STRATEGIC TRIus dividend eq	$5,070,000	+916.0%	119,824	-0.4%	3.50%	+793.1%
VOO	Sell	VANGUARD INDEX FDS	$4,474,000	-8.8%	22,518	-11.8%	3.09%	-19.8%
AAPL	Buy	APPLE INC	$1,367,000	+19.2%	12,092	+0.8%	0.94%	+4.8%
JNJ	Buy	JOHNSON & JOHNSON	$1,232,000	-2.6%	10,431	+0.0%	0.85%	-14.3%
PRF	Buy	POWERSHARES ETF TRUSTftse rafi 1000	$800,000	+186.7%	8,543	+177.4%	0.55%	+152.1%
QCOM	Sell	QUALCOMM INC	$782,000	+26.5%	11,413	-1.0%	0.54%	+11.3%
CVX	Buy	CHEVRON CORP NEW	$763,000	-1.7%	7,412	+0.1%	0.53%	-13.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$756,000	+14.0%	940	-0.2%	0.52%	+0.2%
IWB	Sell	ISHARES TRrus 1000 etf	$739,000	-24.1%	6,134	-26.4%	0.51%	-33.3%
JPS	Sell	NUVEEN PREFERRED SECURITIES	$713,000	-0.1%	74,383	-3.7%	0.49%	-12.3%
VZ	Buy	VERIZON COMMUNICATIONS INC	$708,000	-1.1%	13,618	+6.2%	0.49%	-13.0%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$663,000	+5.6%	5,952	+1.6%	0.46%	-7.1%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$628,000	+2.1%	2,903	-1.1%	0.43%	-10.1%
CTXS	Sell	CITRIX SYS INC	$586,000	+3.0%	6,878	-3.3%	0.40%	-9.4%
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$574,000	+2.7%	6,804	+2.2%	0.40%	-9.8%
JPM	Buy	J P Morgan & CO	$568,000	+7.2%	8,525	+0.0%	0.39%	-5.8%
PG	Buy	PROCTOR & GAMBLE CO	$559,000	+6.1%	6,230	+0.0%	0.39%	-6.8%
BSCK	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2020 e	$537,000	+22.6%	24,752	+22.8%	0.37%	+7.8%
INTC	Buy	INTEL CORP	$536,000	+15.3%	14,199	+0.0%	0.37%	+1.4%
BSCI	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2018 e	$534,000	-24.4%	25,063	+8.6%	0.37%	-33.4%
BSCJ	Buy	CLAYMORE EXCHANGE TRD FD TRgug bull2019 e	$527,000	+26.1%	24,647	+26.3%	0.36%	+11.0%
PPL	Buy	PPL CORP	$526,000	-8.4%	15,210	+0.0%	0.36%	-19.5%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$510,000	+1.6%	4,663	+0.0%	0.35%	-10.7%
XOM	Buy	EXXON MOBIL CORP	$502,000	-6.9%	5,754	+0.2%	0.35%	-18.0%
BIL	Sell	SPDR SERIES TRUSTbrclys 1-3mt etf	$493,000	-25.8%	10,782	-25.8%	0.34%	-34.7%
COF	Sell	CAPITAL ONE FINL CORP	$491,000	+9.4%	6,834	-3.2%	0.34%	-4.0%
PEP	Buy	PEPSICO INC	$479,000	+2.8%	4,404	+0.0%	0.33%	-9.6%
ABBV	Buy	ABBVIE INC	$462,000	+2.0%	7,317	+0.0%	0.32%	-10.4%
CSCO	New	CISCO SYS INC	$460,000	–	14,491	–	0.32%	–
BSCH	Buy	CLAYMORE EXCHANGE TRD FD TRgugg crp bd 2017	$453,000	-30.2%	19,989	+7.0%	0.31%	-38.6%
GLW	Buy	CORNING INC	$441,000	+15.4%	18,667	+0.0%	0.30%	+1.7%
WFC	Buy	WELLS FARGO & CO NEW	$386,000	-6.5%	8,721	+0.1%	0.27%	-17.6%
DAL	Buy	DELTA AIR LINES INC DEL	$373,000	+8.1%	9,470	+0.0%	0.26%	-4.8%
AOR	Buy	ISHARES TRgrwt allocat etf	$372,000	+18.1%	9,033	+14.8%	0.26%	+4.0%
HAL	Buy	HALLIBURTON CO	$366,000	-1.1%	8,163	+0.0%	0.25%	-12.8%
BX	New	BLACKSTONE GROUP L P	$361,000	–	14,152	–	0.25%	–
DUK	New	DUKE ENERGY CORP NEW	$345,000	–	4,315	–	0.24%	–
SO	Buy	SOUTHERN CO	$340,000	+16.4%	6,630	+21.6%	0.24%	+2.6%
IBB	New	ISHARES TRnasdq biotec etf	$340,000	–	1,175	–	0.24%	–
PFE	Buy	PFIZER INC	$325,000	+14.8%	9,590	+19.3%	0.22%	+0.9%
JWN	Sell	NORDSTORM INC	$325,000	+32.1%	6,255	-3.1%	0.22%	+16.1%
CPT	New	CAMDEN PPTY TRsh ben int	$323,000	–	3,852	–	0.22%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$321,000	–	6,594	–	0.22%	–
DIS	Buy	WALT DISNEY CO	$318,000	-5.1%	3,423	+0.0%	0.22%	-16.3%
IEI	New	ISHARES TR3-7 yr tr bd etf	$314,000	–	2,480	–	0.22%	–
SBUX	Buy	STARBUCKS CORP	$307,000	-5.2%	5,668	+0.1%	0.21%	-16.5%
BWX	Buy	SPDR SERIES TRUSTbrclys intl etf	$306,000	-1.3%	10,606	+95.2%	0.21%	-13.2%
UAA	New	UNDER ARMOUR INCcl a	$283,000	–	7,321	–	0.20%	–
ETP	Buy	ENERGY TRANSFER PRTNRS L Punit ltd partn	$263,000	-2.6%	7,103	+0.1%	0.18%	-14.2%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$263,000	+17.9%	1,922	+21.6%	0.18%	+4.0%
IJT	Sell	I SHARES TRsp smcp600gr etf	$261,000	-9.7%	1,900	-15.7%	0.18%	-20.7%
MYL	Sell	MYLAN NV	$251,000	-55.8%	6,589	-49.9%	0.17%	-61.2%
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$241,000	–	2,691	–	0.17%	–
IGIB	New	ISHARES TRintern cr bd etf	$238,000	–	2,141	–	0.16%	–
COP	New	CONOCOPHILLIPS	$232,000	–	5,346	–	0.16%	–
MDIV	New	FIRST TR EXCHANGE TRADED FDmulti asset di	$225,000	–	11,894	–	0.16%	–
HST	Buy	HOST HOTELS & RESORT INC	$214,000	-3.6%	13,718	+0.0%	0.15%	-14.9%
AOA	New	ISHARESaggres alloc etf	$205,000	–	3,410	–	0.14%	–
AMLP	New	ALPS ETF TRalerian mlp	$203,000	–	16,001	–	0.14%	–
IGF	New	ISHARES TRglb infrastr etf	$203,000	–	4,873	–	0.14%	–
	Buy	ANNALY CAP MGMT INC	$195,000	+15.4%	18,614	+21.6%	0.14%	+1.5%
EWJ	New	ISHARESmsci japan etf	$133,000	–	10,586	–	0.09%	–
USO	New	UNITED STATES OIL FUND LPunits	$131,000	–	12,016	–	0.09%	–
IVW	Exit	ISHARES S&P 500 GROWTH	$0	–	-2,107	–	-0.19%	–
	Exit	BLACKSTONE GRP LP	$0	–	-14,147	–	-0.27%	–
PFF	Exit	ISHARES S&P US PREFERRED	$0	–	-39,471	–	-1.24%	–
USMV	Exit	ISHARES MSCI USA MIN VOL	$0	–	-103,407	–	-3.75%	–
IWF	Exit	ISHARES TR *RUSSELL 1000	$0	–	-52,705	–	-4.15%	–
VCSH	Exit	VANGUARD ST CORP BOND ETF	$0	–	-128,732	–	-8.17%	–

Q2 2016

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD ST CORP BOND ETF	$10,407,000	–	128,732	–	8.17%	–
IEF	New	ISHARES 7-10 YR TREASURY	$9,812,000	–	86,867	–	7.70%	–
IWO	New	ISHARES RUSSELL 2000 GR E	$8,567,000	–	62,451	–	6.73%	–
IVV	New	ISHARES CORE S&P500	$8,421,000	–	40,006	–	6.61%	–
BND	New	VANGUARD BD INDEX FD INC TOTAL BND MRKT	$7,914,000	–	93,874	–	6.21%	–
XLP	New	SELECT SECTOR SPDR TR SBI CONS STPLS	$7,258,000	–	131,599	–	5.70%	–
XLY	New	SELECT SECTOR SPDR TR SBI CONS DISCR	$6,530,000	–	83,656	–	5.13%	–
VGT	New	VANGUARD INDEX FDS INFO TECHNOLOGY	$6,160,000	–	57,525	–	4.84%	–
MTUM	New	ISHARES MSCI USA MOMENTUM	$5,715,000	–	74,801	–	4.49%	–
BIV	New	VANGUARD BD INDEX FDS INTERMEDIATE	$5,376,000	–	61,046	–	4.22%	–
IWF	New	ISHARES TR *RUSSELL 1000	$5,289,000	–	52,705	–	4.15%	–
VOO	New	VANGUARD INDEX FDS S&P 500	$4,908,000	–	25,534	–	3.85%	–
VHT	New	VANGUARD HEALTH CARE	$4,878,000	–	37,380	–	3.83%	–
USMV	New	ISHARES MSCI USA MIN VOL	$4,778,000	–	103,407	–	3.75%	–
PFF	New	ISHARES S&P US PREFERRED	$1,574,000	–	39,471	–	1.24%	–
JNJ	New	JOHNSON & JOHNSON	$1,265,000	–	10,428	–	0.99%	–
AAPL	New	APPLE INC	$1,147,000	–	12,001	–	0.90%	–
IWB	New	ISHARES TR *RUSSELL 1000	$974,000	–	8,333	–	0.76%	–
CVX	New	CHEVRON CORP NEW	$776,000	–	7,407	–	0.61%	–
VZ	New	VERIZON COMMUNICATIONS INC	$716,000	–	12,824	–	0.56%	–
JPS	New	NUVEEN QUALITY PFD INCOME FD	$714,000	–	77,241	–	0.56%	–
BSCI	New	GUGGENHEIM BULLETSHRS 201sh ben int	$706,000	–	23,080	–	0.55%	–
	New	SECTOR INDUSTRIAL SPDR TR	$666,000	–	118,924	–	0.52%	–
BIL	New	SPDR SER TR BRCLYS 1-3MT	$664,000	–	14,526	–	0.52%	–
GOOGL	New	ALPHABET INC CLASS A	$663,000	–	942	–	0.52%	–
BSCH	New	GUGGENHEIM BULLETSHRS 201	$649,000	–	18,690	–	0.51%	–
VTI	New	VANGUARD INDEX FDS TOTAL STK MKT	$628,000	–	5,856	–	0.49%	–
ITW	New	ILLINOIS TOOL WKS INC	$620,000	–	5,955	–	0.49%	–
QCOM	New	QUALCOMM INC	$618,000	–	11,530	–	0.48%	–
SPY	New	STANDARD & POORS	$615,000	–	2,935	–	0.48%	–
PPL	New	PPL CORP	$574,000	–	15,204	–	0.45%	–
CTXS	New	CITRIX SYS INC	$569,000	–	7,110	–	0.45%	–
MYL	New	MYLAN LABORATORIES INC	$568,000	–	13,141	–	0.45%	–
SDY	New	SPDR SERIES TRUST S&P DIVID ETF	$559,000	–	6,659	–	0.44%	–
XOM	New	EXXON MOBIL CORP	$539,000	–	5,745	–	0.42%	–
JPM	New	JPMORGAN CHASE & CO	$530,000	–	8,524	–	0.42%	–
PG	New	PROCTOR & GAMBLE CO	$527,000	–	6,227	–	0.41%	–
UPS	New	UNITED PARCEL SERVICE INC CL B	$502,000	–	4,662	–	0.39%	–
	New	AMAZON.COM	$502,000	–	702	–	0.39%	–
SCHD	New	SCHWAB STRATEGIC TR US	$499,000	–	120,319	–	0.39%	–
PEP	New	PEPSICO INC	$466,000	–	4,403	–	0.37%	–
INTC	New	INTEL CORP	$465,000	–	14,192	–	0.36%	–
ABBV	New	ABBVIE INC	$453,000	–	7,316	–	0.36%	–
COF	New	CAPITAL ONE FINL CORP	$449,000	–	7,063	–	0.35%	–
LH	New	LABORATORY CORP AMER HLDGS	$444,000	–	3,409	–	0.35%	–
AET	New	AETNA INC NEW	$441,000	–	3,607	–	0.35%	–
BSCK	New	GUGGENHEIM BULLETSHRS 202	$438,000	–	20,154	–	0.34%	–
LRCX	New	LAM RESEARCH CORP	$435,000	–	5,172	–	0.34%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$434,000	–	2,937	–	0.34%	–
BSCJ	New	GUGGENHEIM BULLETSHRS 201	$418,000	–	19,519	–	0.33%	–
WFC	New	WELLS FARGO & CO	$413,000	–	8,716	–	0.32%	–
CVS	New	CVS CORP	$388,000	–	4,056	–	0.30%	–
GLW	New	CORNING INC	$382,000	–	18,664	–	0.30%	–
HAL	New	HALLIBURTON CO	$370,000	–	8,162	–	0.29%	–
	New	BLACKSTONE GRP LP	$347,000	–	14,147	–	0.27%	–
DAL	New	DELTA AIR LINES INC DEL	$345,000	–	9,469	–	0.27%	–
GSLC	New	GOLDMAN SACHS ACTVBETA	$338,000	–	7,959	–	0.26%	–
DIS	New	DISNEY WALT CO	$335,000	–	3,422	–	0.26%	–
SBUX	New	STARBUCKS CORP	$324,000	–	5,665	–	0.25%	–
PCAR	New	PACCAR INC	$321,000	–	6,188	–	0.25%	–
AOR	New	ISHARES TR GRWT ALLOCAT	$315,000	–	7,869	–	0.25%	–
BWX	New	SPDR SERIES TRUST LEHMAN INTL TREASURY	$310,000	–	5,433	–	0.24%	–
SHOO	New	STEVE MADDEN LTD	$294,000	–	8,587	–	0.23%	–
SO	New	SOUTHERN CO	$292,000	–	5,453	–	0.23%	–
CB	New	CHUBB CORP	$291,000	–	2,225	–	0.23%	–
IJT	New	I SHARES S & P SMALLCAP 6	$289,000	–	2,253	–	0.23%	–
PFE	New	PFIZER INC	$283,000	–	8,040	–	0.22%	–
RTN	New	RAYTHEON CO	$283,000	–	2,080	–	0.22%	–
PRF	New	POWERSHARES ETF EXCH TRAD FD TR	$279,000	–	3,080	–	0.22%	–
LYB	New	LYONDELLBASELL INDUSTRIES	$273,000	–	3,675	–	0.21%	–
ETP	New	ENERGY TRANSFER PARTNERSunit ltd partn	$270,000	–	7,098	–	0.21%	–
JWN	New	NORDSTORM INC	$246,000	–	6,454	–	0.19%	–
IVW	New	ISHARES S&P 500 GROWTH	$246,000	–	2,107	–	0.19%	–
IJS	New	iSHARES S&P SM CAP 600 BA	$237,000	–	2,030	–	0.19%	–
AL	New	AIR LEASE CORP	$234,000	–	8,724	–	0.18%	–
MU	New	MICRON TECHNOLOGY INC	$231,000	–	16,809	–	0.18%	–
VDC	New	VANGUARD CONSUMER STAPLES	$223,000	–	1,581	–	0.18%	–
HST	New	HOST HOTELS & RESORT INC	$222,000	–	13,715	–	0.17%	–
	New	ANNALY CAPITAL MANAGEMENT	$169,000	–	15,309	–	0.13%	–

Q4 2015

			Value		Shares		↓ Weighting
HST	Exit	HOST HOTELS & RESORT INC	$0	–	-11,715	–	-0.14%	–
SDY	Exit	SPDR SERIES TRUST S&P DIVID ETFetf	$0	–	-2,775	–	-0.16%	–
AL	Exit	AIR LEASE CORP	$0	–	-6,806	–	-0.16%	–
AKRXQ	Exit	AKORN INCORPORATED	$0	–	-7,729	–	-0.17%	–
HAL	Exit	HALLIBURTON CO	$0	–	-6,341	–	-0.17%	–
AOR	Exit	ISHARES TR GRWT ALLOCATetf	$0	–	-6,061	–	-0.18%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd partn	$0	–	-5,956	–	-0.19%	–
GLW	Exit	CORNING INC	$0	–	-14,653	–	-0.20%	–
PCAR	Exit	PACCAR INC	$0	–	-5,103	–	-0.21%	–
	Exit	ISHARES TR LEHMAN AGGREGATEetf	$0	–	-2,495	–	-0.21%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,303	–	-0.22%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-10,658	–	-0.23%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-2,716	–	-0.23%	–
AMAT	Exit	APPLIED MATERIALS INC.	$0	–	-21,059	–	-0.24%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,850	–	-0.25%	–
JPS	Exit	NUVEEN QUALITY PFD INCOME FD	$0	–	-37,852	–	-0.26%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-5,323	–	-0.26%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-7,506	–	-0.26%	–
PEP	Exit	PEPSICO INC	$0	–	-3,590	–	-0.26%	–
PG	Exit	PROCTOR & GAMBLE CO	$0	–	-4,802	–	-0.27%	–
	Exit	BLACKSTONE GRP LP UNIT LTD	$0	–	-11,082	–	-0.27%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,722	–	-0.27%	–
TSN	Exit	TYSON FOODS INC CL A	$0	–	-8,203	–	-0.28%	–
UPS	Exit	UNITED PARCEL SERVICE INC CL B	$0	–	-3,761	–	-0.29%	–
JWN	Exit	NORDSTORM INC	$0	–	-5,214	–	-0.29%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-4,562	–	-0.29%	–
PPL	Exit	PPL CORP	$0	–	-11,703	–	-0.30%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-7,708	–	-0.31%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,848	–	-0.32%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-6,244	–	-0.34%	–
RTN	Exit	RAYTHEON CO	$0	–	-4,104	–	-0.35%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-2,708	–	-0.36%	–
DIS	Exit	DISNEY WALT CO	$0	–	-5,273	–	-0.42%	–
VTI	Exit	VANGUARD INDEX FDS TOTAL STK MKTetf	$0	–	-5,491	–	-0.42%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-13,576	–	-0.46%	–
AET	Exit	AETNA INC NEW	$0	–	-5,515	–	-0.47%	–
MU	Exit	MYLAN LABORATORIES INC	$0	–	-23,627	–	-0.47%	–
VTR	Exit	VENTAS INC	$0	–	-11,355	–	-0.49%	–
ACE	Exit	ACE LTD-ORD	$0	–	-6,530	–	-0.52%	–
INTC	Exit	INTEL CORP	$0	–	-23,774	–	-0.56%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-9,630	–	-0.59%	–
BIL	Exit	SPDR SER TR BRCLYS 1-3MT ETF	$0	–	-18,328	–	-0.65%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,050	–	-0.66%	–
QCOM	Exit	QUALCOMM INC	$0	–	-15,755	–	-0.66%	–
FDX	Exit	FEDEX CORP	$0	–	-5,986	–	-0.67%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-12,481	–	-0.67%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-12,240	–	-0.69%	–
AAPL	Exit	APPLE INC	$0	–	-9,621	–	-0.82%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML ETN	$0	–	-41,229	–	-0.97%	–
PJP	Exit	POWERSHARES ETF TRUST DYN PHARM PORTetf	$0	–	-27,121	–	-1.40%	–
IWB	Exit	ISHARES TR RUS 1000etf	$0	–	-19,754	–	-1.64%	–
PKW	Exit	POWERSHARES ETF TRUST DYNA BUYBK ACHetf	$0	–	-53,468	–	-1.82%	–
XHB	Exit	SPDR SERIES TRUST S&P HOMEBUILDetf	$0	–	-117,376	–	-3.12%	–
VNQ	Exit	VANGUARD INDEX FDS REITetf	$0	–	-55,522	–	-3.26%	–
XLK	Exit	SELECT SECTOR SPDR TR TECHNOLOGY	$0	–	-111,770	–	-3.43%	–
SJNK	Exit	SPDR SER TR SHT TRM HGH YLD	$0	–	-165,278	–	-3.46%	–
IWF	Exit	ISHARES TR RUS 1000 GRWetf	$0	–	-49,667	–	-3.58%	–
XLF	Exit	SELECT SECTOR SPDR TR SBI INT-FINL	$0	–	-205,941	–	-3.62%	–
XLY	Exit	SELECT SECTOR SPDR TR SBI CONS DISCR	$0	–	-65,803	–	-3.79%	–
XLP	Exit	SELECT SECTOR SPDR TR SBI CONS STPLS	$0	–	-110,506	–	-4.05%	–
SHY	Exit	ISHARES TR 1-3 YR TR BDetf	$0	–	-63,415	–	-4.18%	–
BND	Exit	VANGUARD BD INDEX FD INC TOTAL BND MRKTetf	$0	–	-83,385	–	-5.30%	–
IVV	Exit	ISHARES TR CORE S&P500etf	$0	–	-38,051	–	-5.69%	–
IWO	Exit	ISHARES TR RUSSELL 2000 GRetf	$0	–	-61,150	–	-6.36%	–
RFG	Exit	RYDEX ETF TRUST GUG S&P MC400 PGetf	$0	–	-79,114	–	-7.59%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BDetf	$0	–	-131,984	–	-8.17%	–
VOO	Exit	VANGUARD INDEX FDS S&P 500	$0	–	-83,789	–	-11.43%	–

Q3 2015

			Value		Shares		↓ Weighting
VOO	Sell	VANGUARD INDEX FDS S&P 500	$14,723,000	-23.8%	83,789	-18.1%	11.43%	-18.1%
VCSH	Buy	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BDetf	$10,520,000	+0.3%	131,984	+0.1%	8.17%	+7.6%
RFG	Buy	RYDEX ETF TRUST GUG S&P MC400 PGetf	$9,779,000	-5.6%	79,114	+1.0%	7.59%	+1.3%
IWO	Buy	ISHARES TR RUSSELL 2000 GRetf	$8,192,000	-9.2%	61,150	+4.8%	6.36%	-2.5%
IVV	New	ISHARES TR CORE S&P500etf	$7,333,000	–	38,051	–	5.69%	–
BND	Buy	VANGUARD BD INDEX FD INC TOTAL BND MRKTetf	$6,832,000	+10.9%	83,385	+10.0%	5.30%	+19.1%
SHY	New	ISHARES TR 1-3 YR TR BDetf	$5,390,000	–	63,415	–	4.18%	–
XLP	New	SELECT SECTOR SPDR TR SBI CONS STPLS	$5,215,000	–	110,506	–	4.05%	–
XLY	Buy	SELECT SECTOR SPDR TR SBI CONS DISCR	$4,887,000	+3.3%	65,803	+6.3%	3.79%	+10.8%
XLF	Buy	SELECT SECTOR SPDR TR SBI INT-FINL	$4,667,000	-0.8%	205,941	+6.7%	3.62%	+6.5%
IWF	New	ISHARES TR RUS 1000 GRWetf	$4,619,000	–	49,667	–	3.58%	–
SJNK	Sell	SPDR SER TR SHT TRM HGH YLD	$4,453,000	-13.1%	165,278	-6.8%	3.46%	-6.7%
XLK	Buy	SELECT SECTOR SPDR TR TECHNOLOGY	$4,415,000	-3.4%	111,770	+1.2%	3.43%	+3.7%
VNQ	Buy	VANGUARD INDEX FDS REITetf	$4,194,000	+6.5%	55,522	+5.3%	3.26%	+14.3%
XHB	Buy	SPDR SERIES TRUST S&P HOMEBUILDetf	$4,018,000	-2.3%	117,376	+4.5%	3.12%	+4.9%
PKW	Buy	POWERSHARES ETF TRUST DYNA BUYBK ACHetf	$2,341,000	-1.9%	53,468	+8.9%	1.82%	+5.3%
IWB	Sell	ISHARES TR RUS 1000etf	$2,115,000	-32.3%	19,754	-26.6%	1.64%	-27.3%
PJP	Sell	POWERSHARES ETF TRUST DYN PHARM PORTetf	$1,799,000	-23.0%	27,121	-9.0%	1.40%	-17.3%
AMJ	Sell	JPMORGAN CHASE & CO ALERIAN ML ETN	$1,253,000	-23.4%	41,229	-0.1%	0.97%	-17.7%
AAPL	Buy	APPLE INC	$1,061,000	-3.9%	9,621	+9.3%	0.82%	+3.3%
COF	Sell	CAPITAL ONE FINL CORP	$888,000	-29.0%	12,240	-13.9%	0.69%	-23.8%
CTXS	Sell	CITRIX SYS INC	$865,000	-14.5%	12,481	-13.4%	0.67%	-8.3%
FDX	Sell	FEDEX CORP	$862,000	-27.0%	5,986	-13.6%	0.67%	-21.7%
QCOM	Sell	QUALCOMM INC	$847,000	-23.0%	15,755	-10.3%	0.66%	-17.4%
JNJ	Buy	JOHNSON & JOHNSON	$845,000	+9.5%	9,050	+10.0%	0.66%	+17.6%
BIL	New	SPDR SER TR BRCLYS 1-3MT ETF	$837,000	–	18,328	–	0.65%	–
CVX	Sell	CHEVRON CORP NEW	$760,000	-25.9%	9,630	-9.4%	0.59%	-20.4%
INTC	Buy	INTEL CORP	$717,000	+15.6%	23,774	+16.6%	0.56%	+24.3%
ACE	Buy	ACE LTD-ORD	$675,000	+23.6%	6,530	+21.6%	0.52%	+32.7%
VTR	Sell	VENTAS INC	$637,000	-20.3%	11,355	-11.8%	0.49%	-14.5%
MU	Buy	MYLAN LABORATORIES INC	$605,000	-23.9%	23,627	+16.0%	0.47%	-18.3%
AET	Buy	AETNA INC NEW	$603,000	+4.1%	5,515	+21.5%	0.47%	+11.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$591,000	-20.9%	13,576	-15.2%	0.46%	-15.0%
VTI	New	VANGUARD INDEX FDS TOTAL STK MKTetf	$542,000	–	5,491	–	0.42%	–
DIS	Buy	DISNEY WALT CO	$539,000	+8.2%	5,273	+20.8%	0.42%	+16.1%
AMG	Sell	AFFILIATED MANAGERS GROUP	$463,000	-33.8%	2,708	-15.3%	0.36%	-28.9%
RTN	Buy	RAYTHEON CO	$448,000	+38.7%	4,104	+21.4%	0.35%	+48.7%
SLB	Sell	SCHLUMBERGER LTD	$431,000	-30.6%	6,244	-13.3%	0.34%	-25.4%
JPM	Buy	JPMORGAN CHASE & CO	$418,000	+8.3%	6,848	+16.9%	0.32%	+16.1%
BRCM	Buy	BROADCOM CORPcl a	$396,000	+21.1%	7,708	+21.5%	0.31%	+30.1%
PPL	Buy	PPL CORP	$385,000	+35.1%	11,703	+20.9%	0.30%	+45.1%
ITW	Buy	ILLINOIS TOOL WKS INC	$376,000	+9.0%	4,562	+21.5%	0.29%	+17.3%
JWN	New	NORDSTORM INC	$374,000	–	5,214	–	0.29%	–
UPS	Buy	UNITED PARCEL SERVICE INC CL B	$371,000	+22.0%	3,761	+19.9%	0.29%	+30.9%
TSN	Buy	TYSON FOODS INC CL A	$354,000	+17.6%	8,203	+16.1%	0.28%	+26.1%
XOM	Buy	EXXON MOBIL CORP	$351,000	+8.3%	4,722	+13.9%	0.27%	+16.2%
	Buy	BLACKSTONE GRP LP UNIT LTD	$351,000	-7.9%	11,082	+18.8%	0.27%	-1.1%
PG	Buy	PROCTOR & GAMBLE CO	$345,000	+7.5%	4,802	+12.9%	0.27%	+15.5%
PEP	Buy	PEPSICO INC	$339,000	+20.2%	3,590	+19.0%	0.26%	+28.9%
DAL	Buy	DELTA AIR LINES INC DEL	$337,000	+26.7%	7,506	+16.0%	0.26%	+36.5%
STJ	Buy	ST JUDE MEDICAL INC	$336,000	+5.0%	5,323	+21.5%	0.26%	+13.0%
JPS	Buy	NUVEEN QUALITY PFD INCOME FD	$331,000	+32.4%	37,852	+28.4%	0.26%	+42.0%
ABBV	Buy	ABBVIE INC	$318,000	-6.2%	5,850	+15.9%	0.25%	+0.8%
AMAT	Buy	APPLIED MATERIALS INC.	$309,000	-8.8%	21,059	+19.4%	0.24%	-2.0%
LH	New	LABORATORY CORP AMER HLDGS	$295,000	–	2,716	–	0.23%	–
KMI	Sell	KINDER MORGAN INC DEL	$295,000	-41.0%	10,658	-18.2%	0.23%	-36.6%
TMO	New	THERMO FISHER SCIENTIFIC INC	$282,000	–	2,303	–	0.22%	–
	Buy	ISHARES TR LEHMAN AGGREGATEetf	$273,000	+35.8%	2,495	+35.3%	0.21%	+46.2%
PCAR	New	PACCAR INC	$266,000	–	5,103	–	0.21%	–
GLW	Buy	CORNING INC	$251,000	+5.0%	14,653	+21.0%	0.20%	+12.7%
ETP	Buy	ENERGY TRANSFER PARTNERS LPunit ltd partn	$245,000	-10.6%	5,956	+13.3%	0.19%	-4.0%
AOR	Buy	ISHARES TR GRWT ALLOCATetf	$231,000	-0.4%	6,061	+6.0%	0.18%	+6.5%
HAL	Buy	HALLIBURTON CO	$224,000	-2.2%	6,341	+19.5%	0.17%	+4.8%
AKRXQ	New	AKORN INCORPORATED	$220,000	–	7,729	–	0.17%	–
AL	New	AIR LEASE CORP	$210,000	–	6,806	–	0.16%	–
SDY	New	SPDR SERIES TRUST S&P DIVID ETFetf	$200,000	–	2,775	–	0.16%	–
HST	New	HOST HOTELS & RESORT INC	$185,000	–	11,715	–	0.14%	–
BWX	Exit	SPDR SERIES TRUST BRCLYS INTLetf	$0	–	-4,053	–	-0.15%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-3,371	–	-0.16%	–
BAX	Exit	BAXTER INTL INC	$0	–	-3,176	–	-0.16%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,963	–	-0.19%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-7,527	–	-0.23%	–
VIAB	Exit	VIACOM INC NEW CL B	$0	–	-4,888	–	-0.23%	–
URI	Exit	UNITED RENTALS INC	$0	–	-3,659	–	-0.23%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,639	–	-0.25%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-711	–	-0.28%	–
RSP	Exit	RYDEX ETF TRUST GUG S&P500 EQ WTetf	$0	–	-57,259	–	-3.30%	–
VGT	Exit	VANGUARD WORLD FDS INF TECH	$0	–	-49,429	–	-3.80%	–
XLV	Exit	SELECT SECTOR SPDR TR SBI HEALTHCAREetf	$0	–	-76,505	–	-4.12%	–
EFA	Exit	ISHARES TR MSCI EAFEetf	$0	–	-127,352	–	-5.85%	–

Q2 2015

			Value		Shares		↓ Weighting
VOO	New	VANGUARD INDEX FDS S&P 500	$19,311,000	–	102,262	–	13.96%	–
VCSH	New	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BDetf	$10,493,000	–	131,847	–	7.59%	–
RFG	New	RYDEX ETF TRUST GUG S&P MC400 PGetf	$10,364,000	–	78,333	–	7.49%	–
IWO	New	ISHARES TR RUS 2000 GRWetf	$9,021,000	–	58,361	–	6.52%	–
EFA	New	ISHARES TR MSCI EAFEetf	$8,086,000	–	127,352	–	5.85%	–
BND	New	VANGUARD BD INDEX FD INC TOTAL BND MRKTetf	$6,159,000	–	75,795	–	4.45%	–
XLV	New	SELECT SECTOR SPDR TR SBI HEALTHCAREetf	$5,692,000	–	76,505	–	4.12%	–
VGT	New	VANGUARD WORLD FDS INF TECH	$5,251,000	–	49,429	–	3.80%	–
SJNK	New	SPDR SER TR SHT TRM HGH YLD	$5,125,000	–	177,253	–	3.70%	–
XLY	New	SELECT SECTOR SPDR TR SBI CONS DISCR	$4,733,000	–	61,881	–	3.42%	–
XLF	New	SELECT SECTOR SPDR TR SBI INT-FINLetf	$4,704,000	–	192,930	–	3.40%	–
XLK	New	SELECT SECTOR SPDR TR TECHNOLOGY	$4,572,000	–	110,423	–	3.30%	–
RSP	New	RYDEX ETF TRUST GUG S&P500 EQ WTetf	$4,569,000	–	57,259	–	3.30%	–
XHB	New	SPDR SERIES TRUST S&P HOMEBUILDetf	$4,112,000	–	112,285	–	2.97%	–
VNQ	New	VANGUARD INDEX FDS REIT ETFetf	$3,938,000	–	52,727	–	2.85%	–
IWB	New	ISHARES TR RUS 1000etf	$3,125,000	–	26,927	–	2.26%	–
PKW	New	POWERSHARES ETF TRUST DYNA BUYBK ACHetf	$2,387,000	–	49,109	–	1.73%	–
PJP	New	POWERSHARES ETF TRUST DYN PHARM PORTetf	$2,335,000	–	29,808	–	1.69%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML ETN	$1,635,000	–	41,281	–	1.18%	–
COF	New	CAPITAL ONE FINL CORP	$1,251,000	–	14,222	–	0.90%	–
FDX	New	FEDEX CORP	$1,181,000	–	6,928	–	0.85%	–
AAPL	New	APPLE INC	$1,104,000	–	8,802	–	0.80%	–
QCOM	New	QUALCOMM INC	$1,100,000	–	17,567	–	0.80%	–
CVX	New	CHEVRON CORP NEW	$1,025,000	–	10,624	–	0.74%	–
CTXS	New	CITRIX SYS INC	$1,012,000	–	14,419	–	0.73%	–
VTR	New	VENTAS INC	$799,000	–	12,871	–	0.58%	–
MU	New	MYLAN LABORATORIES INC	$795,000	–	20,366	–	0.58%	–
JNJ	New	JOHNSON & JOHNSON	$772,000	–	8,224	–	0.56%	–
VZ	New	VERIZON COMMUNICATIONS INC	$747,000	–	16,016	–	0.54%	–
AMG	New	AFFILIATED MANAGERS GROUP	$699,000	–	3,198	–	0.50%	–
SLB	New	SCHLUMBERGER LTD	$621,000	–	7,205	–	0.45%	–
INTC	New	INTEL CORP	$620,000	–	20,387	–	0.45%	–
AET	New	AETNA INC NEW	$579,000	–	4,539	–	0.42%	–
ACE	New	ACE LTD-ORD	$546,000	–	5,370	–	0.40%	–
KMI	New	KINDER MORGAN INC DEL	$500,000	–	13,024	–	0.36%	–
DIS	New	DISNEY WALT CO	$498,000	–	4,364	–	0.36%	–
JPM	New	JPMORGAN CHASE & CO	$386,000	–	5,856	–	0.28%	–
GOOGL	New	GOOGLE INC CLASS A	$384,000	–	711	–	0.28%	–
	New	BLACKSTONE GRP LP UNIT LTD	$381,000	–	9,331	–	0.28%	–
ITW	New	ILLINOIS TOOL WKS INC	$345,000	–	3,754	–	0.25%	–
GS	New	GOLDMAN SACHS GROUP INC	$342,000	–	1,639	–	0.25%	–
ABBV	New	ABBVIE INC	$339,000	–	5,048	–	0.24%	–
AMAT	New	APPLIED MATERIALS INC.	$339,000	–	17,644	–	0.24%	–
BRCM	New	BROADCOM CORPcl a	$327,000	–	6,344	–	0.24%	–
XOM	New	EXXON MOBIL CORP	$324,000	–	4,146	–	0.23%	–
RTN	New	RAYTHEON CO	$323,000	–	3,380	–	0.23%	–
PG	New	PROCTOR & GAMBLE CO	$321,000	–	4,254	–	0.23%	–
STJ	New	ST JUDE MEDICAL INC	$320,000	–	4,380	–	0.23%	–
URI	New	UNITED RENTALS INC	$320,000	–	3,659	–	0.23%	–
VIAB	New	VIACOM INC NEW CL B	$316,000	–	4,888	–	0.23%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$314,000	–	7,527	–	0.23%	–
UPS	New	UNITED PARCEL SERVICE INC CL B	$304,000	–	3,138	–	0.22%	–
TSN	New	TYSON FOODS INC CL A	$301,000	–	7,067	–	0.22%	–
PPL	New	PPL CORP	$285,000	–	9,677	–	0.21%	–
PEP	New	PEPSICO INC	$282,000	–	3,017	–	0.20%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$274,000	–	5,258	–	0.20%	–
DAL	New	DELTA AIR LINES INC DEL	$266,000	–	6,468	–	0.19%	–
NSC	New	NORFOLK SOUTHERN CORP	$259,000	–	2,963	–	0.19%	–
JPS	New	NUVEEN QUALITY PFD INCOME FD	$250,000	–	29,486	–	0.18%	–
GLW	New	CORNING INC	$239,000	–	12,109	–	0.17%	–
AOR	New	ISHARES TR GRWT ALLOCATetf	$232,000	–	5,718	–	0.17%	–
HAL	New	HALLIBURTON CO	$229,000	–	5,306	–	0.17%	–
BAX	New	BAXTER INTL INC	$222,000	–	3,176	–	0.16%	–
TUP	New	TUPPERWARE BRANDS CORP	$218,000	–	3,371	–	0.16%	–
BWX	New	SPDR SERIES TRUST BRCLYS INTLetf	$211,000	–	4,053	–	0.15%	–
	New	ISHARES TR LEHMAN AGGREGATEetf	$201,000	–	1,844	–	0.14%	–

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