STRATEGIC INVESTMENT MANAGEMENT, LLC Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
EMXC	Buy	iShares MSCI Emerging Markets ex-China Indexetf	$17,179,825	-0.2%	358,960	+11.1%	21.04%	+11.8%
GSG	Sell	ISHARES S&P GSCI COMMODITY Ietf	$17,152,274	-4.8%	775,770	-11.0%	21.00%	+6.7%
GLD	Buy	SPDR GOLD TRUSTetf	$13,624,318	+5.8%	73,190	+3.9%	16.68%	+18.6%
IEMG	Sell	MSCI Emerging Markets ETF (iShares Core)etf	$8,957,401	-10.5%	195,833	-1.5%	10.97%	+0.3%
IWM	Sell	ISHARES RUSSELL 2000etf	$5,868,757	-17.6%	36,180	-0.8%	7.19%	-7.6%
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$4,258,751	-24.5%	10,370	-16.9%	5.22%	-15.4%
GDX	Buy	VANECK VECTORS GOLD MINERS Eetf	$3,867,832	+10.8%	132,460	+19.2%	4.74%	+24.2%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$3,843,504	-58.9%	16,400	-54.3%	4.71%	-53.9%
VLUE	Sell	ISHARES EDGE MSCI USA VALUEetf	$1,222,209	-12.9%	14,220	-2.6%	1.50%	-2.3%

Q2 2023

			Value		Shares		↓ Weighting
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$18,016,830	–	871,220	–	19.69%	–
EMXC	New	iShares MSCI Emerging Markets ex-China Indexetf	$17,218,498	–	323,170	–	18.81%	–
GLD	New	SPDR GOLD TRUSTetf	$12,874,033	–	70,450	–	14.07%	–
IEMG	New	MSCI Emerging Markets ETF (iShares Core)etf	$10,004,821	–	198,903	–	10.93%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$9,352,131	–	35,920	–	10.22%	–
IWM	New	ISHARES RUSSELL 2000etf	$7,118,469	–	36,490	–	7.78%	–
IEFA	New	MSCI EAFE ETF (iShares Core)etf	$6,211,800	–	90,000	–	6.79%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$5,643,206	–	12,480	–	6.17%	–
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$3,489,626	–	111,170	–	3.81%	–
VLUE	New	ISHARES EDGE MSCI USA VALUEetf	$1,402,841	–	14,600	–	1.53%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$187,299	–	412	–	0.20%	–

Q4 2022

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-570	–	-0.16%	–
VLUE	Exit	ISHARES EDGE MSCI USA VALUEetf	$0	–	-14,600	–	-0.95%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-10,190	–	-1.66%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Eetf	$0	–	-143,680	–	-2.74%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-132,260	–	-5.49%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-76,000	–	-9.06%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-353,643	–	-11.83%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-743,640	–	-11.99%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-199,010	–	-25.98%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-107,072	–	-30.14%	–

Q3 2022

			Value		Shares		↓ Weighting
IWM	Buy	ISHARES RUSSELL 2000etf	$35,025,000	+224.4%	199,010	+212.2%	25.98%	+189.6%
GSG	Buy	ISHARES S&P GSCI COMMODITY Ietf	$16,166,000	+9.3%	743,640	+16.1%	11.99%	-2.4%
IEMG	Sell	ISHARES CORE MSCI EMERGINGetf	$15,952,000	-13.4%	353,643	-5.8%	11.83%	-22.7%
GLD	Buy	SPDR GOLD TRUSTetf	$12,213,000	+2.0%	76,000	+6.9%	9.06%	-8.9%
IEFA	Sell	ISHARES CORE MSCI EAFE ETFetf	$7,399,000	-42.5%	132,260	-39.5%	5.49%	-48.6%
GDX	Buy	VANECK VECTORS GOLD MINERS Eetf	$3,699,000	+16.3%	143,680	+23.7%	2.74%	+3.8%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$2,235,000	-63.6%	10,190	-63.9%	1.66%	-67.5%
VLUE	Sell	ISHARES EDGE MSCI USA VALUEetf	$1,276,000	-7.7%	14,600	-4.5%	0.95%	-17.6%

Q2 2022

			Value		Shares		↓ Weighting
IVV	New	ISHARES CORE S&P 500 ETFetf	$40,596,000	–	107,072	–	33.73%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$18,416,000	–	375,393	–	15.30%	–
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$14,792,000	–	640,370	–	12.29%	–
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$12,857,000	–	218,480	–	10.68%	–
GLD	New	SPDR GOLD TRUSTetf	$11,975,000	–	71,090	–	9.95%	–
IWM	New	ISHARES RUSSELL 2000etf	$10,796,000	–	63,750	–	8.97%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$6,139,000	–	28,240	–	5.10%	–
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$3,181,000	–	116,190	–	2.64%	–
VLUE	New	ISHARES EDGE MSCI USA VALUEetf	$1,383,000	–	15,280	–	1.15%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$215,000	–	570	–	0.18%	–

Q4 2021

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-1,170	–	-0.23%	–
VLUE	Exit	ISHARES EDGE MSCI USA VALUEetf	$0	–	-15,280	–	-0.71%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-6,830	–	-0.80%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Eetf	$0	–	-115,480	–	-1.57%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-83,760	–	-6.36%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-1,004,700	–	-7.83%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-77,640	–	-7.85%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-107,152	–	-21.35%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-777,702	–	-22.21%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-904,856	–	-31.07%	–

Q3 2021

			Value		Shares		↓ Weighting
IEFA	Sell	ISHARES CORE MSCI EAFE ETFetf	$67,185,000	-6.1%	904,856	-5.3%	31.07%	+0.4%
IEMG	Buy	ISHARES CORE MSCI EMERGINGetf	$48,030,000	+7.0%	777,702	+16.0%	22.21%	+14.3%
IWM	Sell	ISHARES RUSSELL 2000etf	$16,983,000	-14.0%	77,640	-9.8%	7.85%	-8.1%
GLD	Buy	SPDR GOLD TRUSTetf	$13,755,000	+1.4%	83,760	+2.2%	6.36%	+8.4%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$1,740,000	-41.9%	6,830	-41.7%	0.80%	-37.9%
SPY	New	SPDR S&P 500 ETF TRUSTetf	$502,000	–	1,170	–	0.23%	–
URTH	Exit	ISHARES MSCI WORLD ETFetf	$0	–	-2,490	–	-0.14%	–
EEM	Exit	ISHARES MSCI EMERGING MKT INetf	$0	–	-62,380	–	-1.49%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUNDetf	$0	–	-87,360	–	-2.98%	–

Q2 2021

			Value		Shares		↓ Weighting
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$71,532,000	–	955,556	–	30.94%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$46,066,000	–	107,152	–	19.93%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$44,904,000	–	670,322	–	19.43%	–
IWM	New	ISHARES RUSSELL 2000etf	$19,751,000	–	86,110	–	8.54%	–
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$16,165,000	–	1,004,700	–	6.99%	–
GLD	New	SPDR GOLD TRUSTetf	$13,568,000	–	81,920	–	5.87%	–
EFA	New	ISHARES MSCI EAFE INDEX FUNDetf	$6,890,000	–	87,360	–	2.98%	–
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$3,924,000	–	115,480	–	1.70%	–
EEM	New	ISHARES MSCI EMERGING MKT INetf	$3,440,000	–	62,380	–	1.49%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$2,997,000	–	11,715	–	1.30%	–
VLUE	New	ISHARES EDGE MSCI USA VALUEetf	$1,605,000	–	15,280	–	0.69%	–
URTH	New	ISHARES MSCI WORLD ETFetf	$315,000	–	2,490	–	0.14%	–

Q4 2020

			Value		Shares		↓ Weighting
VEA	Exit	VANGUARD FTSE DEVELOPED ETFetf	$0	–	-11,720	–	-0.16%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKEetf	$0	–	-18,690	–	-0.27%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-10,716	–	-1.19%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Eetf	$0	–	-93,510	–	-1.22%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-40,120	–	-2.36%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-62,860	–	-3.13%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-1,169,740	–	-4.18%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-73,490	–	-4.78%	–
URTH	Exit	ISHARES MSCI WORLD ETFetf	$0	–	-209,700	–	-6.93%	–
VLUE	Exit	ISHARES EDGE MSCI USA VALUEetf	$0	–	-389,180	–	-9.54%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-109,096	–	-12.18%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-955,541	–	-16.76%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-1,863,554	–	-37.32%	–

Q3 2020

			Value		Shares		↓ Weighting
IEFA	Buy	ISHARES CORE MSCI EAFE ETFetf	$112,335,000	+33.5%	1,863,554	+26.6%	37.32%	+27.0%
IEMG	Sell	ISHARES CORE MSCI EMERGINGetf	$50,452,000	-15.7%	955,541	-24.0%	16.76%	-19.8%
IVV	Sell	ISHARES CORE S&P 500 ETFetf	$36,662,000	+6.7%	109,096	-1.6%	12.18%	+1.6%
VLUE	Sell	ISHARES EDGE MSCI USA VALUEetf	$28,713,000	+1.8%	389,180	-0.2%	9.54%	-3.1%
URTH	Buy	ISHARES MSCI WORLD ETFetf	$20,869,000	+31.6%	209,700	+21.8%	6.93%	+25.2%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$14,382,000	-2.0%	73,490	-9.8%	4.78%	-6.7%
GSG	Sell	ISHARES S&P GSCI COMMODITY Ietf	$12,574,000	-10.2%	1,169,740	-13.4%	4.18%	-14.6%
IWM	Buy	ISHARES RUSSELL 2000etf	$9,415,000	+20.9%	62,860	+15.6%	3.13%	+15.0%
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$3,588,000	-79.5%	10,716	-81.1%	1.19%	-80.5%
VWO	New	VANGUARD FTSE EMERGING MARKEetf	$808,000	–	18,690	–	0.27%	–
VEA	New	VANGUARD FTSE DEVELOPED ETFetf	$479,000	–	11,720	–	0.16%	–

Q2 2020

			Value		Shares		↓ Weighting
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$84,163,000	–	1,472,414	–	29.37%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$59,848,000	–	1,257,311	–	20.89%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$34,346,000	–	110,906	–	11.99%	–
VLUE	New	ISHARES EDGE MSCI USA VALUEetf	$28,197,000	–	390,120	–	9.84%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$17,496,000	–	56,741	–	6.11%	–
URTH	New	ISHARES MSCI WORLD ETFetf	$15,861,000	–	172,150	–	5.54%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$14,674,000	–	81,500	–	5.12%	–
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$14,009,000	–	1,351,000	–	4.89%	–
IWM	New	ISHARES RUSSELL 2000etf	$7,787,000	–	54,390	–	2.72%	–
GLD	New	SPDR GOLD TRUSTetf	$6,714,000	–	40,120	–	2.34%	–
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$3,429,000	–	93,510	–	1.20%	–

Q4 2019

			Value		Shares		↓ Weighting
USCI	Exit	UNITED STATES COMMODITY INDEetf	$0	–	-1,010	–	-0.00%	–
GDXJ	Exit	VANECK VECTORS JUNIOR GOLD Metf	$0	–	-1,156	–	-0.00%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-360	–	-0.00%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE Eetf	$0	–	-39,686	–	-0.29%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Eetf	$0	–	-191,400	–	-0.29%	–
URTH	Exit	ISHARES MSCI WORLD ETFetf	$0	–	-69,300	–	-0.36%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-44,260	–	-0.38%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-64,410	–	-0.51%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-910,270	–	-0.79%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-72,988	–	-1.24%	–
USO	Exit	UNITED STATES OIL FUND LPetf	$0	–	-2,180,180	–	-1.42%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-132,880	–	-2.28%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-1,216,550	–	-4.26%	–
VLUE	Exit	ISHARES EDGE MSCI USA VALUEetf	$0	–	-1,820,940	–	-8.58%	–
AGG	Exit	ISHARES CORE U.S. AGGREGATEetf	$0	–	-1,700,481	–	-11.05%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-2,435,785	–	-68.53%	–

Q3 2019

			Value		Shares		↓ Weighting
IEMG	Sell	ISHARES CORE MSCI EMERGINGetf	$1,194,021,000	+532.3%	2,435,785	-33.7%	68.53%	+149.7%
AGG	Buy	ISHARES CORE U.S. AGGREGATEetf	$192,443,000	+200.2%	1,700,481	+195.4%	11.05%	+18.6%
VLUE	Buy	ISHARES EDGE MSCI USA VALUEetf	$149,389,000	+1.4%	1,820,940	+0.4%	8.58%	-59.9%
IEFA	Buy	ISHARES CORE MSCI EAFE ETFetf	$74,294,000	+25.5%	1,216,550	+26.2%	4.26%	-50.4%
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$21,660,000	-4.6%	72,988	-5.9%	1.24%	-62.3%
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$5,112,000	–	191,400	–	0.29%	–
IWD	Sell	ISHARES RUSSELL 1000 VALUE Eetf	$5,090,000	-86.8%	39,686	-86.9%	0.29%	-94.8%
GDXJ	New	VANECK VECTORS JUNIOR GOLD Metf	$41,000	–	1,156	–	0.00%	–
EEM	Exit	ISHARES RUSSELL 2000etf	$0	–	-84,250	–	-0.52%	–
EFA	Exit	ISHARES JP MORGAN USD EMERGIetf	$0	–	-948,140	–	-9.06%	–

Q2 2019

			Value		Shares		↓ Weighting
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$188,846,000	–	3,671,190	–	27.44%	–
VLUE	New	ISHARES IBOXX USD HIGH YIELDetf	$147,325,000	–	1,814,580	–	21.41%	–
AGG	New	ISHARES IBOXX INVESTMENT GRAetf	$64,098,000	–	575,651	–	9.32%	–
EFA	New	ISHARES JP MORGAN USD EMERGIetf	$62,321,000	–	948,140	–	9.06%	–
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$59,190,000	–	964,020	–	8.60%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$39,166,000	–	132,880	–	5.69%	–
IWD	New	ISHARES S&P GSCI COMMODITY Ietf	$38,506,000	–	302,676	–	5.60%	–
USO	New	VANECK VECTORS JUNIOR GOLD Metf	$26,249,000	–	2,180,180	–	3.81%	–
SPY	New	UNITED STATES OIL FUND LPetf	$22,715,000	–	77,528	–	3.30%	–
GSG	New	SPDR GOLD TRUSTetf	$14,245,000	–	910,270	–	2.07%	–
GLD	New	UNITED STATES COMMODITY INDEetf	$8,579,000	–	64,410	–	1.25%	–
IWM	New	SPDR S&P 500 ETF TRUSTetf	$6,882,000	–	44,260	–	1.00%	–
URTH	New	ISHARES RUSSELL 3000 INDEXetf	$6,307,000	–	69,300	–	0.92%	–
EEM	New	ISHARES RUSSELL 2000etf	$3,615,000	–	84,250	–	0.52%	–
IWV	New	ISHARES RUSSELL 1000 VALUE Eetf	$62,000	–	360	–	0.01%	–
USCI	New	VANECK VECTORS GOLD MINERS Eetf	$37,000	–	1,010	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
USCI	Exit	UNITED STATES COMMODITY INDEetf	$0	–	-1,010	–	-0.00%	–
GDXJ	Exit	VANECK VECTORS JUNIOR GOLD Metf	$0	–	-1,156	–	-0.00%	–
GDX	Exit	VANECK VECTORS GOLD MINERS Eetf	$0	–	-191,400	–	-0.20%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE Eetf	$0	–	-39,686	–	-0.28%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-64,410	–	-0.41%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-44,260	–	-0.42%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-128,530	–	-2.11%	–
HYG	Exit	ISHARES IBOXX USD HIGH YIELDetf	$0	–	-435,773	–	-2.11%	–
EMB	Exit	ISHARES JP MORGAN USD EMERGIetf	$0	–	-648,911	–	-3.93%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-270,720	–	-4.42%	–
LQD	Exit	ISHARES IBOXX INVESTMENT GRAetf	$0	–	-752,299	–	-4.85%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-2,258,160	–	-21.83%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-6,411,540	–	-23.05%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-12,521,957	–	-36.38%	–

Q3 2018

			Value		Shares		↓ Weighting
IEMG	Buy	ISHARES CORE MSCI EMERGINGetf	$648,386,000	+17.6%	12,521,957	+19.2%	36.38%	+11.2%
IEFA	Buy	ISHARES CORE MSCI EAFE ETFetf	$410,851,000	+6.7%	6,411,540	+5.5%	23.05%	+0.9%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$389,080,000	-2.3%	2,258,160	-8.0%	21.83%	-7.6%
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$78,703,000	-26.6%	270,720	-31.5%	4.42%	-30.6%
GLD	New	SPDR GOLD TRUSTetf	$7,262,000	–	64,410	–	0.41%	–
IWD	Sell	ISHARES RUSSELL 1000 VALUE Eetf	$5,025,000	-41.9%	39,686	-44.3%	0.28%	-45.0%
GDX	New	VANECK VECTORS GOLD MINERS Eetf	$3,544,000	–	191,400	–	0.20%	–
GDXJ	New	VANECK VECTORS JUNIOR GOLD Metf	$31,000	–	1,156	–	0.00%	–

Q2 2018

			Value		Shares		↓ Weighting
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$551,469,000	–	10,502,176	–	32.71%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$398,275,000	–	2,454,100	–	23.63%	–
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$385,134,000	–	6,077,555	–	22.85%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$107,283,000	–	395,472	–	6.36%	–
LQD	New	ISHARES IBOXX INVESTMENT GRAetf	$86,190,000	–	752,299	–	5.11%	–
EMB	New	ISHARES JP MORGAN USD EMERGIetf	$69,284,000	–	648,911	–	4.11%	–
HYG	New	ISHARES IBOXX USD HIGH YIELDetf	$37,075,000	–	435,773	–	2.20%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$35,095,000	–	128,530	–	2.08%	–
IWD	New	ISHARES RUSSELL 1000 VALUE Eetf	$8,645,000	–	71,226	–	0.51%	–
IWM	New	ISHARES RUSSELL 2000etf	$7,248,000	–	44,260	–	0.43%	–
USCI	New	UNITED STATES COMMODITY INDEetf	$44,000	–	1,010	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-21,970	–	-0.50%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-44,260	–	-0.59%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-455,460	–	-0.61%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-128,530	–	-2.93%	–
HYG	Exit	ISHARES IBOXX USD HIGH YIELDetf	$0	–	-415,693	–	-3.32%	–
EMB	Exit	ISHARES JP MORGAN USD EMERGIetf	$0	–	-648,911	–	-6.81%	–
LQD	Exit	ISHARES IBOXX INVESTMENT GRAetf	$0	–	-729,259	–	-7.96%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-3,109,354	–	-15.13%	–
IEFA	Exit	ISHARES CORE MSCI EAFE ETFetf	$0	–	-5,154,645	–	-29.80%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-2,404,590	–	-32.34%	–

Q3 2017

			Value		Shares		↓ Weighting
IWV	Buy	ISHARES RUSSELL 3000 INDEXetf	$358,957,000	+109005.5%	2,404,590	+5.0%	32.34%	-5.7%
IEFA	Buy	ISHARES CORE MSCI EAFE ETFetf	$330,773,000	+127120.4%	5,154,645	+20.5%	29.80%	+9.9%
IEMG	Buy	ISHARES CORE MSCI EMERGINGetf	$167,967,000	+120739.6%	3,109,354	+11.3%	15.13%	+4.4%
LQD	Buy	ISHARES IBOXX INVESTMENT GRAetf	$88,408,000	+105147.6%	729,259	+3.4%	7.96%	-9.1%
EMB	Buy	ISHARES JP MORGAN USD EMERGIetf	$75,546,000	+109387.0%	648,911	+7.5%	6.81%	-5.4%
HYG	Sell	ISHARES IBOXX USD HIGH YIELDetf	$36,896,000	+102388.9%	415,693	-99.9%	3.32%	-11.5%
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$6,786,000	–	455,460	–	0.61%	–

Q2 2017

			Value		Shares		↓ Weighting
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$329,000	–	2,289,000	–	34.31%	–
IEFA	New	ISHARES CORE MSCI EAFE ETFetf	$260,000	–	4,276,569	–	27.11%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$139,000	–	2,794,403	–	14.49%	–
LQD	New	ISHARES IBOXX INVESTMENT GRAetf	$84,000	–	705,309	–	8.76%	–
EMB	New	ISHARES JP MORGAN USD EMERGIetf	$69,000	–	603,451	–	7.20%	–
HYG	New	ISHARES IBOXX USD HIGH YIELDetf	$36,000	–	360,748,756	–	3.75%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$31,000	–	128,530	–	3.23%	–
IWM	New	ISHARES RUSSELL 2000etf	$6,000	–	44,260	–	0.63%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$5,000	–	21,970	–	0.52%	–

Q4 2016

			Value		Shares		↓ Weighting
USCI	Exit	UNITED STATES COMMODITY INDEetf	$0	–	-760	–	-0.02%	–
IOSP	Exit	INNOSPEC INC COM	$0	–	-684	–	-0.03%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC COM STK	$0	–	-11,317	–	-0.03%	–
PGNX	Exit	PROGENICS PHARMACEUTICALS INC COM STK	$0	–	-10,013	–	-0.04%	–
AINV	Exit	APOLLO INVT CORP COM STK	$0	–	-15,142	–	-0.06%	–
OCLR	Exit	OCLARO INC COM STK	$0	–	-11,274	–	-0.07%	–
APVO	Exit	APTEVO THERAPEUTICS INC	$0	–	-38,860	–	-0.07%	–
PSTG	Exit	PURE STORAGE INC MOUNTAIN VIE COM STK	$0	–	-7,479	–	-0.07%	–
SPLS	Exit	STAPLES INC COM STK	$0	–	-12,157	–	-0.07%	–
USA	Exit	LIBERTY ALL STAR EQUITY FD COM STK	$0	–	-21,177	–	-0.08%	–
BGCP	Exit	BGC PARTNERS INC	$0	–	-13,699	–	-0.08%	–
EOD	Exit	WELLS FARGO GLOBAL DIVIDEND OPPORTUNITY	$0	–	-21,652	–	-0.09%	–
VPV	Exit	INVESCO VAN KAMPEN PENNSYLVANN COM STK	$0	–	-10,021	–	-0.10%	–
AVP	Exit	AVON PRODS INC COM STK	$0	–	-24,377	–	-0.10%	–
COT	Exit	COTT CORP CAD COM	$0	–	-10,186	–	-0.10%	–
DHT	Exit	DHT HOLDINGS INC COM STK	$0	–	-35,755	–	-0.11%	–
EXD	Exit	EATON VANCE TAX	$0	–	-12,851	–	-0.11%	–
ZF	Exit	ZWEIG FUND INC COM STK	$0	–	-12,000	–	-0.11%	–
ACP	Exit	AVENUE INCOME CREDIT STRATEGY	$0	–	-12,080	–	-0.11%	–
VVR	Exit	INVESCO VAN KAMPEN SENIOR INCO COM STK	$0	–	-36,813	–	-0.11%	–
ELNK	Exit	EARTHLINK INC ATLANTA GA COM STK	$0	–	-25,887	–	-0.12%	–
QHCCQ	Exit	QUORUM HEALTH	$0	–	-27,522	–	-0.12%	–
NEBLQ	Exit	NOBLE CORP PLC COM STK	$0	–	-28,377	–	-0.13%	–
ZTR	Exit	ZWEIG TOTAL RETURN FUND INC COM STK	$0	–	-15,000	–	-0.13%	–
ADTN	Exit	ADTRAN INC COM STK	$0	–	-10,012	–	-0.14%	–
INSYQ	Exit	INSYS THERAPEUTICS INC NEW COM STK	$0	–	-16,400	–	-0.14%	–
CALD	Exit	CALLIDUS SOFTWRE	$0	–	-10,604	–	-0.14%	–
GXP	Exit	GREAT PLAINS ENERGY INC COM STK	$0	–	-7,364	–	-0.14%	–
CPE	Exit	CALLON PETE CO DEL COM STK	$0	–	-12,937	–	-0.14%	–
PAG	Exit	PENSKE AUTOMOTIVE GROUP INC COM STK	$0	–	-4,236	–	-0.15%	–
SKYW	Exit	SKYWEST INC COM STK	$0	–	-7,757	–	-0.15%	–
COMM	Exit	COMMSCOPE HOLDING CO INC HICK COM STK	$0	–	-6,852	–	-0.15%	–
TBI	Exit	TRUEBLUE INC COM STK	$0	–	-9,221	–	-0.15%	–
SGYPQ	Exit	SYNERGY PHARMACEUTICALS INC FL COM STK	$0	–	-38,161	–	-0.15%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC COM STK	$0	–	-6,699	–	-0.15%	–
URI	Exit	UNITED RENTALS INC COM STK	$0	–	-2,739	–	-0.15%	–
FOLD	Exit	AMICUS THERAPEUTICS INC COM STK	$0	–	-29,098	–	-0.15%	–
GPRE	Exit	GREEN PLAINS INC COM STK	$0	–	-8,259	–	-0.16%	–
TARO	Exit	TARO PHARMACEUTICAL INDUSTRIES COM STK	$0	–	-1,985	–	-0.16%	–
PNK	Exit	PNK ENTERTAINMENT INC	$0	–	-18,182	–	-0.16%	–
APC	Exit	ANADARKO PETE CORP COM STK	$0	–	-3,521	–	-0.16%	–
GME	Exit	GAMESTOP CORP NEW CL A COM STK	$0	–	-8,100	–	-0.16%	–
YY	Exit	YY INCORPORATION GRAND CAYMAN ADR	$0	–	-4,233	–	-0.16%	–
CATM	Exit	CARDTRONICS INC HOUSTON COM STK	$0	–	-5,142	–	-0.16%	–
KMM	Exit	DEUTSCHE MULTI-MARKET INCOME T	$0	–	-27,015	–	-0.16%	–
SAGE	Exit	SAGE THERAPEUTICS INC CAMBRID COM STK	$0	–	-5,013	–	-0.16%	–
AGIO	Exit	AGIOS PHARMA	$0	–	-4,419	–	-0.17%	–
GPN	Exit	GLOBAL PMTS INC COM STK	$0	–	-3,077	–	-0.17%	–
NTGR	Exit	NETGEAR INC	$0	–	-3,923	–	-0.17%	–
JCOM	Exit	J2 GLOBAL COMMUNICATONS INC COM STK	$0	–	-3,587	–	-0.17%	–
MSA	Exit	MINE SAFETY APPLIANCES CO COM STK	$0	–	-4,227	–	-0.18%	–
RGR	Exit	STURM RUGER & CO INC COM STK	$0	–	-4,324	–	-0.18%	–
AFB	Exit	ALLIANCE NATL MUN INCOME FD COM STK	$0	–	-17,173	–	-0.18%	–
EWT	Exit	ISHARES MSCI TAIWAN INDEX FDetf	$0	–	-16,300	–	-0.18%	–
MLHR	Exit	HERMAN MILLER INC COM STK	$0	–	-8,999	–	-0.18%	–
TSEM	Exit	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$0	–	-16,997	–	-0.18%	–
NAD	Exit	NUVEEN QUALITY MUNICIPAL INCOME	$0	–	-17,338	–	-0.19%	–
HEES	Exit	H AND E EQUIPMENT SERVICES INC COM	$0	–	-16,377	–	-0.20%	–
SAIA	Exit	SAIA INC COM STK	$0	–	-9,188	–	-0.20%	–
BRKR	Exit	BRUKER CORP COM	$0	–	-12,282	–	-0.20%	–
MHI	Exit	PIONR MUN HG IN	$0	–	-21,371	–	-0.20%	–
TEN	Exit	TENNECO INC COM STK	$0	–	-5,080	–	-0.21%	–
AFI	Exit	ARMSTRONG FLORNG	$0	–	-15,765	–	-0.21%	–
BDC	Exit	BELDEN INC COM STK	$0	–	-4,350	–	-0.22%	–
FTV	Exit	FRTIVE CORPRTION	$0	–	-5,932	–	-0.22%	–
TOWR	Exit	TOWER INTERNATIONAL INC	$0	–	-12,703	–	-0.22%	–
HRI	Exit	HERC HOLDINGS	$0	–	-9,091	–	-0.22%	–
DHR	Exit	DANAHER CORP COM STK	$0	–	-3,924	–	-0.22%	–
APD	Exit	AIR PRODS & CHEMS INC COM STK	$0	–	-2,043	–	-0.22%	–
HUN	Exit	HUNTSMAN CORP COM STK	$0	–	-19,112	–	-0.22%	–
NGVT	Exit	INGEVITY CORP	$0	–	-6,856	–	-0.23%	–
NSIT	Exit	INSIGHT ENTERPRISES INC COM STK	$0	–	-9,759	–	-0.23%	–
AKS	Exit	AK STEEL HOLDING CORP COM STK	$0	–	-66,451	–	-0.23%	–
RACE	Exit	FERRARI N V	$0	–	-6,320	–	-0.23%	–
TVPT	Exit	TRAVELPORT WORLDWIDE LTD	$0	–	-22,277	–	-0.24%	–
MXL	Exit	MAXLINEAR INC	$0	–	-16,956	–	-0.25%	–
HUBS	Exit	HUBSPOT INC	$0	–	-6,027	–	-0.25%	–
BBU	Exit	BROOKFIELD BUSINESS PARTNERS LP	$0	–	-13,199	–	-0.25%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-11,131	–	-0.25%	–
DCA	Exit	VIRTUS TOTAL RETURN FUND	$0	–	-75,000	–	-0.25%	–
DFODQ	Exit	DEAN FOODS CO DALLAS TX COM STK	$0	–	-22,295	–	-0.26%	–
CUDA	Exit	BARRACUDA NTWRKS	$0	–	-14,863	–	-0.27%	–
PLAY	Exit	DAVE & BUSTER'S ENTERTAINMENT INC	$0	–	-9,765	–	-0.27%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-7,320	–	-0.30%	–
JLL	Exit	JONES LANG LASALLE INC COM STK	$0	–	-3,873	–	-0.32%	–
SPXC	Exit	SPX CORP COM STK	$0	–	-21,947	–	-0.32%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$0	–	-9,975	–	-0.32%	–
ASPS	Exit	ALTISOURCE PRTFL	$0	–	-13,778	–	-0.32%	–
PAAS	Exit	PAN AMERICAN SILVER CORP CAN COM	$0	–	-25,294	–	-0.32%	–
GIMO	Exit	GIGAMON INC	$0	–	-8,934	–	-0.35%	–
TSE	Exit	TRINSEO S.A. MUNSBACH COM STK	$0	–	-9,181	–	-0.37%	–
OME	Exit	OMEGA PROTEIN CORP COM STK	$0	–	-22,850	–	-0.38%	–
GTLS	Exit	CHART INDUSTRIES INC	$0	–	-16,424	–	-0.39%	–
UFPI	Exit	UNIVERSAL FST PRODS INC COM STK	$0	–	-5,570	–	-0.39%	–
NSP	Exit	INSPERITY INC COM STK	$0	–	-7,838	–	-0.41%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-18,480	–	-0.60%	–
YHOO	Exit	YAHOO INC COM STK	$0	–	-28,206	–	-0.87%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-22,350	–	-3.46%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-43,310	–	-3.85%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-84,730	–	-7.78%	–
EEM	Exit	ISHARES MSCI EMERGING MKT INetf	$0	–	-357,338	–	-9.58%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-126,160	–	-19.65%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUNDetf	$0	–	-867,083	–	-36.71%	–

Q3 2016

			Value		Shares		↓ Weighting
EFA	Sell	ISHARES MSCI EAFE INDEX FUNDetf	$51,270,000	-12.1%	867,083	-17.0%	36.71%	+19.8%
EEM	Sell	ISHARES MSCI EMERGING MKT INetf	$13,382,000	-77.0%	357,338	-78.9%	9.58%	-68.7%
IWV	Buy	ISHARES RUSSELL 3000 INDEXetf	$10,861,000	+19.2%	84,730	+15.3%	7.78%	+62.4%
YHOO	Buy	YAHOO INC COM STK	$1,216,000	+296.1%	28,206	+243.7%	0.87%	+441.0%
NSP	Sell	INSPERITY INC COM STK	$569,000	-27.0%	7,838	-22.3%	0.41%	-0.5%
UFPI	Buy	UNIVERSAL FST PRODS INC COM STK	$548,000	+26.0%	5,570	+18.6%	0.39%	+71.2%
GTLS	Buy	CHART INDUSTRIES INC	$539,000	+52.3%	16,424	+11.9%	0.39%	+107.5%
TSE	Buy	TRINSEO S.A. MUNSBACH COM STK	$519,000	+47.9%	9,181	+12.2%	0.37%	+102.2%
GIMO	Sell	GIGAMON INC	$489,000	+35.1%	8,934	-7.9%	0.35%	+84.2%
PAAS	Sell	PAN AMERICAN SILVER CORP CAN COM	$445,000	+3.0%	25,294	-3.9%	0.32%	+40.5%
ASPS	Sell	ALTISOURCE PRTFL	$446,000	-6.1%	13,778	-19.2%	0.32%	+27.6%
SPXC	Sell	SPX CORP COM STK	$442,000	-0.9%	21,947	-27.0%	0.32%	+35.0%
PRAH	New	PRA HEALTH SCIENCES INC	$413,000	–	7,320	–	0.30%	–
PLAY	Sell	DAVE & BUSTER'S ENTERTAINMENT INC	$382,000	-45.5%	9,765	-34.8%	0.27%	-25.8%
CUDA	New	BARRACUDA NTWRKS	$378,000	–	14,863	–	0.27%	–
DFODQ	Buy	DEAN FOODS CO DALLAS TX COM STK	$365,000	+28.5%	22,295	+41.8%	0.26%	+75.2%
DCA	Buy	VIRTUS TOTAL RETURN FUND	$355,000	+454.7%	75,000	+435.7%	0.25%	+647.1%
EBS	New	EMERGENT BIOSOLUTIONS INC	$350,000	–	11,131	–	0.25%	–
BBU	Sell	BROOKFIELD BUSINESS PARTNERS LP	$348,000	+28.4%	13,199	-7.3%	0.25%	+75.4%
HUBS	Buy	HUBSPOT INC	$347,000	+54.2%	6,027	+16.2%	0.25%	+110.2%
MXL	Buy	MAXLINEAR INC	$343,000	+55.9%	16,956	+38.2%	0.25%	+112.1%
TVPT	Buy	TRAVELPORT WORLDWIDE LTD	$334,000	+118.3%	22,277	+87.1%	0.24%	+198.8%
RACE	Sell	FERRARI N V	$327,000	+12.0%	6,320	-11.5%	0.23%	+52.9%
AKS	Buy	AK STEEL HOLDING CORP COM STK	$320,000	+107.8%	66,451	+100.1%	0.23%	+182.7%
NGVT	Sell	INGEVITY CORP	$316,000	+5.3%	6,856	-22.5%	0.23%	+43.0%
DHR	Buy	DANAHER CORP COM STK	$307,000	+0.7%	3,924	+29.9%	0.22%	+37.5%
APD	New	AIR PRODS & CHEMS INC COM STK	$307,000	–	2,043	–	0.22%	–
HRI	New	HERC HOLDINGS	$306,000	–	9,091	–	0.22%	–
FTV	New	FRTIVE CORPRTION	$301,000	–	5,932	–	0.22%	–
BDC	New	BELDEN INC COM STK	$300,000	–	4,350	–	0.22%	–
AFI	Sell	ARMSTRONG FLORNG	$297,000	+5.7%	15,765	-5.2%	0.21%	+43.9%
TEN	New	TENNECO INC COM STK	$296,000	–	5,080	–	0.21%	–
MHI	New	PIONR MUN HG IN	$281,000	–	21,371	–	0.20%	–
SAIA	Sell	SAIA INC COM STK	$275,000	+14.1%	9,188	-4.5%	0.20%	+55.1%
HEES	Buy	H AND E EQUIPMENT SERVICES INC COM	$274,000	+42.0%	16,377	+61.3%	0.20%	+94.1%
NAD	New	NUVEEN QUALITY MUNICIPAL INCOME	$261,000	–	17,338	–	0.19%	–
TSEM	Sell	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$258,000	-1.9%	16,997	-19.9%	0.18%	+34.1%
AFB	New	ALLIANCE NATL MUN INCOME FD COM STK	$252,000	–	17,173	–	0.18%	–
RGR	Sell	STURM RUGER & CO INC COM STK	$249,000	-16.4%	4,324	-7.2%	0.18%	+13.4%
MSA	Sell	MINE SAFETY APPLIANCES CO COM STK	$245,000	-40.4%	4,227	-46.0%	0.18%	-19.0%
JCOM	New	J2 GLOBAL COMMUNICATONS INC COM STK	$238,000	–	3,587	–	0.17%	–
NTGR	New	NETGEAR INC	$237,000	–	3,923	–	0.17%	–
GPN	Sell	GLOBAL PMTS INC COM STK	$236,000	-16.3%	3,077	-22.3%	0.17%	+14.2%
AGIO	New	AGIOS PHARMA	$233,000	–	4,419	–	0.17%	–
SAGE	New	SAGE THERAPEUTICS INC CAMBRID COM STK	$230,000	–	5,013	–	0.16%	–
KMM	New	DEUTSCHE MULTI-MARKET INCOME T	$230,000	–	27,015	–	0.16%	–
CATM	New	CARDTRONICS INC HOUSTON COM STK	$229,000	–	5,142	–	0.16%	–
YY	New	YY INCORPORATION GRAND CAYMAN ADR	$226,000	–	4,233	–	0.16%	–
GME	Sell	GAMESTOP CORP NEW CL A COM STK	$223,000	-24.1%	8,100	-26.8%	0.16%	+3.9%
APC	New	ANADARKO PETE CORP COM STK	$223,000	–	3,521	–	0.16%	–
TARO	New	TARO PHARMACEUTICAL INDUSTRIES COM STK	$219,000	–	1,985	–	0.16%	–
GPRE	New	GREEN PLAINS INC COM STK	$216,000	–	8,259	–	0.16%	–
FOLD	Sell	AMICUS THERAPEUTICS INC COM STK	$215,000	-18.9%	29,098	-40.1%	0.15%	+10.8%
URI	New	UNITED RENTALS INC COM STK	$214,000	–	2,739	–	0.15%	–
AMN	Sell	AMN HEALTHCARE SERVICES INC COM STK	$213,000	-43.7%	6,699	-29.2%	0.15%	-23.6%
SGYPQ	Buy	SYNERGY PHARMACEUTICALS INC FL COM STK	$210,000	+82.6%	38,161	+25.6%	0.15%	+150.0%
COMM	New	COMMSCOPE HOLDING CO INC HICK COM STK	$206,000	–	6,852	–	0.15%	–
SKYW	New	SKYWEST INC COM STK	$204,000	–	7,757	–	0.15%	–
PAG	New	PENSKE AUTOMOTIVE GROUP INC COM STK	$204,000	–	4,236	–	0.15%	–
CPE	New	CALLON PETE CO DEL COM STK	$203,000	–	12,937	–	0.14%	–
GXP	New	GREAT PLAINS ENERGY INC COM STK	$200,000	–	7,364	–	0.14%	–
CALD	New	CALLIDUS SOFTWRE	$194,000	–	10,604	–	0.14%	–
INSYQ	New	INSYS THERAPEUTICS INC NEW COM STK	$193,000	–	16,400	–	0.14%	–
ADTN	New	ADTRAN INC COM STK	$191,000	–	10,012	–	0.14%	–
ZTR	New	ZWEIG TOTAL RETURN FUND INC COM STK	$180,000	–	15,000	–	0.13%	–
NEBLQ	Sell	NOBLE CORP PLC COM STK	$179,000	-33.9%	28,377	-13.8%	0.13%	-9.9%
QHCCQ	Buy	QUORUM HEALTH	$172,000	-37.2%	27,522	+7.2%	0.12%	-14.6%
VVR	Buy	INVESCO VAN KAMPEN SENIOR INCO COM STK	$159,000	+269.8%	36,813	+254.9%	0.11%	+395.7%
ACP	New	AVENUE INCOME CREDIT STRATEGY	$156,000	–	12,080	–	0.11%	–
ZF	New	ZWEIG FUND INC COM STK	$155,000	–	12,000	–	0.11%	–
EXD	New	EATON VANCE TAX	$154,000	–	12,851	–	0.11%	–
COT	Sell	COTT CORP CAD COM	$145,000	-37.8%	10,186	-39.1%	0.10%	-14.8%
AVP	New	AVON PRODS INC COM STK	$137,000	–	24,377	–	0.10%	–
VPV	New	INVESCO VAN KAMPEN PENNSYLVANN COM STK	$135,000	–	10,021	–	0.10%	–
EOD	New	WELLS FARGO GLOBAL DIVIDEND OPPORTUNITY	$125,000	–	21,652	–	0.09%	–
USA	New	LIBERTY ALL STAR EQUITY FD COM STK	$109,000	–	21,177	–	0.08%	–
SPLS	New	STAPLES INC COM STK	$103,000	–	12,157	–	0.07%	–
PSTG	New	PURE STORAGE INC MOUNTAIN VIE COM STK	$101,000	–	7,479	–	0.07%	–
APVO	New	APTEVO THERAPEUTICS INC	$99,000	–	38,860	–	0.07%	–
OCLR	New	OCLARO INC COM STK	$96,000	–	11,274	–	0.07%	–
PGNX	New	PROGENICS PHARMACEUTICALS INC COM STK	$63,000	–	10,013	–	0.04%	–
CLDX	New	CELLDEX THERAPEUTICS INC COM STK	$45,000	–	11,317	–	0.03%	–
IOSP	New	INNOSPEC INC COM	$41,000	–	684	–	0.03%	–
VIP	Exit	VIMPELCOM	$0	–	-12,499	–	-0.02%	–
TK	Exit	TEEKAY CORP COM STK	$0	–	-10,442	–	-0.04%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-15,934	–	-0.04%	–
PIR	Exit	PIER 1 IMPORTS INC COM STK	$0	–	-18,931	–	-0.05%	–
CYS	Exit	CYS INVESTMENTS INC COM STK REIT	$0	–	-11,803	–	-0.05%	–
ERII	Exit	ENERGY RECOVERY INC	$0	–	-12,582	–	-0.06%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC COM STK	$0	–	-12,297	–	-0.07%	–
WEB	Exit	WEB COM INC DEL COM STK	$0	–	-7,677	–	-0.07%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW COM STK	$0	–	-13,450	–	-0.08%	–
MBT	Exit	MOBILE TELESYSTEMS SP ADR	$0	–	-20,931	–	-0.09%	–
HDP	Exit	HORTONWORKS INC	$0	–	-16,778	–	-0.09%	–
FGEN	Exit	FIBROGEN INC	$0	–	-11,398	–	-0.10%	–
IMKTA	Exit	INGLES MKTS INC CL A COM STK	$0	–	-5,049	–	-0.10%	–
SWN	Exit	SOUTHWESTERN ENERGY CO DELAWARE COM STK	$0	–	-15,349	–	-0.10%	–
BRX	Exit	BRIXMOR PRTY	$0	–	-7,637	–	-0.11%	–
BUFF	Exit	BLUE BUFFALO PET PRODUCTS INC COM STK	$0	–	-8,621	–	-0.11%	–
HR	Exit	HEALTHCARE REALTY TRUST COM REIT	$0	–	-5,829	–	-0.11%	–
BAH	Exit	BOOZ ALLEN HAMILTON HOLDING	$0	–	-7,092	–	-0.11%	–
HF	Exit	HFF INC COM	$0	–	-7,512	–	-0.11%	–
ONCE	Exit	SPARK THERAPEUTI	$0	–	-4,275	–	-0.12%	–
SEMG	Exit	SEMGROUP CORPORATIONCLASS A COM STK	$0	–	-6,887	–	-0.12%	–
JBL	Exit	JABIL CIRCUIT INC COM STK	$0	–	-12,609	–	-0.12%	–
CPG	Exit	CRESCENT PT ENERGY TR COM	$0	–	-14,753	–	-0.12%	–
CALM	Exit	CAL MAINE FOODS INC COM STK	$0	–	-5,287	–	-0.12%	–
FPRX	Exit	FIVE PRM THRPTCS	$0	–	-5,678	–	-0.12%	–
IQNT	Exit	INTELIQUENT INC COM STK	$0	–	-13,050	–	-0.14%	–
ISLE	Exit	ISLE CAPRI CASINOS INC COM STK	$0	–	-15,574	–	-0.15%	–
BKS	Exit	BARNES & NOBLE INC COM STK	$0	–	-25,410	–	-0.15%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY INC	$0	–	-15,215	–	-0.16%	–
TSO	Exit	TESORO CORP COM STK	$0	–	-4,139	–	-0.16%	–
NHTC	Exit	NATURAL HEALTH TRENDS CORP COM STK	$0	–	-11,639	–	-0.17%	–
SOHU	Exit	SOHU.COM INC COM STK	$0	–	-11,374	–	-0.23%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-10,959	–	-0.28%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES COM	$0	–	-12,653	–	-0.34%	–
EWC	Exit	ISHARES MSCI CANADAetf	$0	–	-223,850	–	-2.88%	–

Q2 2016

			Value		Shares		↓ Weighting
EFA	New	ISHARES MSCI EAFE INDEX FUNDetf	$58,322,000	–	1,044,823	–	30.64%	–
EEM	New	ISHARES MSCI EMERGING MKT INetf	$58,304,000	–	1,696,866	–	30.63%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$26,556,000	–	126,160	–	13.95%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$9,115,000	–	73,500	–	4.79%	–
EWC	New	ISHARES MSCI CANADAetf	$5,486,000	–	223,850	–	2.88%	–
IWM	New	ISHARES RUSSELL 2000etf	$4,979,000	–	43,310	–	2.62%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$4,681,000	–	22,350	–	2.46%	–
NSP	New	INSPERITY INC COM STK	$779,000	–	10,093	–	0.41%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$773,000	–	18,480	–	0.41%	–
PLAY	New	DAVE & BUSTER'S ENTERTAINMENT INC	$701,000	–	14,985	–	0.37%	–
RHP	New	RYMAN HOSPITALITY PROPERTIES COM	$640,000	–	12,653	–	0.34%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$525,000	–	10,959	–	0.28%	–
ASPS	New	ALTISOURCE PRTFL	$475,000	–	17,062	–	0.25%	–
OME	New	OMEGA PROTEIN CORP COM STK	$456,000	–	22,850	–	0.24%	–
SPXC	New	SPX CORP COM STK	$446,000	–	30,074	–	0.23%	–
UFPI	New	UNIVERSAL FST PRODS INC COM STK	$435,000	–	4,698	–	0.23%	–
PAAS	New	PAN AMERICAN SILVER CORP CAN COM	$432,000	–	26,317	–	0.23%	–
SOHU	New	SOHU.COM INC COM STK	$430,000	–	11,374	–	0.23%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$428,000	–	9,975	–	0.22%	–
MSA	New	MINE SAFETY APPLIANCES CO COM STK	$411,000	–	7,827	–	0.22%	–
AMN	New	AMN HEALTHCARE SERVICES INC COM STK	$378,000	–	9,467	–	0.20%	–
JLL	New	JONES LANG LASALLE INC COM STK	$377,000	–	3,873	–	0.20%	–
GIMO	New	GIGAMON INC	$362,000	–	9,705	–	0.19%	–
GTLS	New	CHART INDUSTRIES INC	$354,000	–	14,679	–	0.19%	–
TSE	New	TRINSEO S.A. MUNSBACH COM STK	$351,000	–	8,181	–	0.18%	–
NHTC	New	NATURAL HEALTH TRENDS CORP COM STK	$328,000	–	11,639	–	0.17%	–
TSO	New	TESORO CORP COM STK	$310,000	–	4,139	–	0.16%	–
YHOO	New	YAHOO INC COM STK	$307,000	–	8,206	–	0.16%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY INC	$306,000	–	15,215	–	0.16%	–
DHR	New	DANAHER CORP COM STK	$305,000	–	3,021	–	0.16%	–
NGVT	New	INGEVITY CORP	$300,000	–	8,842	–	0.16%	–
RGR	New	STURM RUGER & CO INC COM STK	$298,000	–	4,657	–	0.16%	–
GME	New	GAMESTOP CORP NEW CL A COM STK	$294,000	–	11,061	–	0.15%	–
RACE	New	FERRARI N V	$292,000	–	7,143	–	0.15%	–
BKS	New	BARNES & NOBLE INC COM STK	$288,000	–	25,410	–	0.15%	–
ISLE	New	ISLE CAPRI CASINOS INC COM STK	$285,000	–	15,574	–	0.15%	–
DFODQ	New	DEAN FOODS CO DALLAS TX COM STK	$284,000	–	15,725	–	0.15%	–
GPN	New	GLOBAL PMTS INC COM STK	$282,000	–	3,961	–	0.15%	–
AFI	New	ARMSTRONG FLORNG	$281,000	–	16,621	–	0.15%	–
BRKR	New	BRUKER CORP COM	$279,000	–	12,282	–	0.15%	–
QHCCQ	New	QUORUM HEALTH	$274,000	–	25,662	–	0.14%	–
NEBLQ	New	NOBLE CORP PLC COM STK	$271,000	–	32,916	–	0.14%	–
BBU	New	BROOKFIELD BUSINESS PARTNERS LP	$271,000	–	14,231	–	0.14%	–
MLHR	New	HERMAN MILLER INC COM STK	$268,000	–	8,999	–	0.14%	–
FOLD	New	AMICUS THERAPEUTICS INC COM STK	$265,000	–	48,541	–	0.14%	–
TSEM	New	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$263,000	–	21,211	–	0.14%	–
TOWR	New	TOWER INTERNATIONAL INC	$261,000	–	12,703	–	0.14%	–
IQNT	New	INTELIQUENT INC COM STK	$259,000	–	13,050	–	0.14%	–
HUN	New	HUNTSMAN CORP COM STK	$257,000	–	19,112	–	0.14%	–
NSIT	New	INSIGHT ENTERPRISES INC COM STK	$253,000	–	9,759	–	0.13%	–
SAIA	New	SAIA INC COM STK	$241,000	–	9,621	–	0.13%	–
FPRX	New	FIVE PRM THRPTCS	$234,000	–	5,678	–	0.12%	–
CALM	New	CAL MAINE FOODS INC COM STK	$234,000	–	5,287	–	0.12%	–
CPG	New	CRESCENT PT ENERGY TR COM	$232,000	–	14,753	–	0.12%	–
JBL	New	JABIL CIRCUIT INC COM STK	$232,000	–	12,609	–	0.12%	–
COT	New	COTT CORP CAD COM	$233,000	–	16,714	–	0.12%	–
EWT	New	ISHARES MSCI TAIWAN INDEX FDetf	$229,000	–	16,300	–	0.12%	–
SEMG	New	SEMGROUP CORPORATIONCLASS A COM STK	$224,000	–	6,887	–	0.12%	–
HUBS	New	HUBSPOT INC	$225,000	–	5,186	–	0.12%	–
MXL	New	MAXLINEAR INC	$220,000	–	12,267	–	0.12%	–
ONCE	New	SPARK THERAPEUTI	$218,000	–	4,275	–	0.12%	–
HF	New	HFF INC COM	$216,000	–	7,512	–	0.11%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDING	$210,000	–	7,092	–	0.11%	–
HR	New	HEALTHCARE REALTY TRUST COM REIT	$203,000	–	5,829	–	0.11%	–
BRX	New	BRIXMOR PRTY	$202,000	–	7,637	–	0.11%	–
PNK	New	PNK ENTERTAINMENT INC	$201,000	–	18,182	–	0.11%	–
BUFF	New	BLUE BUFFALO PET PRODUCTS INC COM STK	$201,000	–	8,621	–	0.11%	–
SWN	New	SOUTHWESTERN ENERGY CO DELAWARE COM STK	$193,000	–	15,349	–	0.10%	–
HEES	New	H AND E EQUIPMENT SERVICES INC COM	$193,000	–	10,153	–	0.10%	–
IMKTA	New	INGLES MKTS INC CL A COM STK	$188,000	–	5,049	–	0.10%	–
FGEN	New	FIBROGEN INC	$187,000	–	11,398	–	0.10%	–
HDP	New	HORTONWORKS INC	$179,000	–	16,778	–	0.09%	–
DHT	New	DHT HOLDINGS INC COM STK	$179,000	–	35,755	–	0.09%	–
MBT	New	MOBILE TELESYSTEMS SP ADR	$173,000	–	20,931	–	0.09%	–
TBI	New	TRUEBLUE INC COM STK	$174,000	–	9,221	–	0.09%	–
ELNK	New	EARTHLINK INC ATLANTA GA COM STK	$165,000	–	25,887	–	0.09%	–
WW	New	WEIGHT WATCHERS INTL INC NEW COM STK	$156,000	–	13,450	–	0.08%	–
AKS	New	AK STEEL HOLDING CORP COM STK	$154,000	–	33,205	–	0.08%	–
TVPT	New	TRAVELPORT WORLDWIDE LTD	$153,000	–	11,909	–	0.08%	–
WEB	New	WEB COM INC DEL COM STK	$139,000	–	7,677	–	0.07%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC COM STK	$136,000	–	12,297	–	0.07%	–
BGCP	New	BGC PARTNERS INC	$119,000	–	13,699	–	0.06%	–
SGYPQ	New	SYNERGY PHARMACEUTICALS INC FL COM STK	$115,000	–	30,381	–	0.06%	–
ERII	New	ENERGY RECOVERY INC	$111,000	–	12,582	–	0.06%	–
PIR	New	PIER 1 IMPORTS INC COM STK	$97,000	–	18,931	–	0.05%	–
CYS	New	CYS INVESTMENTS INC COM STK REIT	$98,000	–	11,803	–	0.05%	–
AINV	New	APOLLO INVT CORP COM STK	$83,000	–	15,142	–	0.04%	–
AUY	New	YAMANA GOLD INC	$82,000	–	15,934	–	0.04%	–
TK	New	TEEKAY CORP COM STK	$74,000	–	10,442	–	0.04%	–
DCA	New	VIRTUS TOTAL RETURN FUND	$64,000	–	14,000	–	0.03%	–
VIP	New	VIMPELCOM	$48,000	–	12,499	–	0.02%	–
VVR	New	INVESCO VAN KAMPEN SENIOR INCO COM STK	$43,000	–	10,372	–	0.02%	–
USCI	New	UNITED STATES COMMODITY INDEetf	$32,000	–	760	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
USCI	Exit	UNITED STATES COMMODITY INDEetf	$0	–	-760	–	-0.01%	–
FMSA	Exit	FMSA HOLDINGS INC CHESTERLAND COM STK	$0	–	-14,888	–	-0.02%	–
ZNGA	Exit	ZYNGA INCCOM STK	$0	–	-19,874	–	-0.02%	–
OREX	Exit	OREXIGEN THERAPEUTICS INC COM	$0	–	-30,203	–	-0.02%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-11,233	–	-0.03%	–
INFI	Exit	INFINITY PHARMACEUTICALS INC	$0	–	-11,295	–	-0.04%	–
CIE	Exit	COBALT INTL ENERGY INC COM STK	$0	–	-15,378	–	-0.04%	–
CPE	Exit	CALLON PETE CO DEL COM STK	$0	–	-15,738	–	-0.04%	–
PESXQ	Exit	PIONEER DRILLING CO COM STK	$0	–	-54,834	–	-0.04%	–
WNC	Exit	WABASH NATL CORP COM STK	$0	–	-11,745	–	-0.05%	–
BGC	Exit	GENERAL CABLE CORP DEL NEW COM STK	$0	–	-10,921	–	-0.05%	–
PVG	Exit	PRETIUM RESOURCES COM STK	$0	–	-22,748	–	-0.05%	–
CPG	Exit	CRESCENT PT ENERGY TR COM	$0	–	-12,267	–	-0.05%	–
PIR	Exit	PIER 1 IMPORTS INC COM STK	$0	–	-22,683	–	-0.06%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYSTEM INC COM	$0	–	-15,607	–	-0.06%	–
SYRG	Exit	SYNERGY RESOURCES CORPORATION COM STK	$0	–	-16,856	–	-0.06%	–
AGEN	Exit	AGENUS INC COM STK	$0	–	-36,168	–	-0.06%	–
CC	Exit	CHEMOURS COMPANY	$0	–	-27,247	–	-0.07%	–
DRI	Exit	DARDEN RESTAURANTS INC COM STK	$0	–	-2,639	–	-0.07%	–
MOMO	Exit	MOMO INC	$0	–	-14,811	–	-0.07%	–
MRD	Exit	MEMORIAL RESOURCE DEVELOPMENT COM STK	$0	–	-10,787	–	-0.07%	–
NEBLQ	Exit	NOBLE CORP PLC COM STK	$0	–	-17,548	–	-0.07%	–
MWW	Exit	MONSTER WORLDWIDE INC COM	$0	–	-29,938	–	-0.07%	–
CRC	Exit	CALIFORNIA RESOURCES CORP	$0	–	-76,695	–	-0.08%	–
CPGX	Exit	CLMBA PPLIN GRP	$0	–	-10,909	–	-0.08%	–
TSE	Exit	TRINSEO S.A. MUNSBACH COM STK	$0	–	-8,181	–	-0.08%	–
HEDJ	Exit	WISDOMTREE EUROPE HEDGED EQUetf	$0	–	-3,860	–	-0.08%	–
CSAL	Exit	COMMUNICATIONS SALES AND LEASING WHEN IS	$0	–	-11,755	–	-0.08%	–
BKS	Exit	BARNES & NOBLE INC COM STK	$0	–	-17,401	–	-0.08%	–
TLN	Exit	TALEN ENERGY CRP	$0	–	-20,718	–	-0.08%	–
EWT	Exit	ISHARES MSCI TAIWAN INDEX FDetf	$0	–	-16,300	–	-0.08%	–
CVLG	Exit	COVENANT TRANSPORT INC CL A COM STK	$0	–	-12,258	–	-0.08%	–
BAS	Exit	BASIC ENERGY SVCS INC NEW COM STK	$0	–	-66,486	–	-0.08%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-15,610	–	-0.08%	–
SONC	Exit	SONIC CORP COM STK	$0	–	-9,835	–	-0.09%	–
PPC	Exit	PILGRIMS PRIDE	$0	–	-11,156	–	-0.09%	–
PYPL	Exit	PAYPAL HOLDINGS INC SAN JOSE COM STK	$0	–	-7,666	–	-0.09%	–
CVG	Exit	CONVERGYS CORP COM STK	$0	–	-10,379	–	-0.09%	–
BJRI	Exit	BJ'S RESTAURANTS INC	$0	–	-5,668	–	-0.09%	–
WIN	Exit	WINDSTREAM HOLDINGS INC	$0	–	-40,595	–	-0.10%	–
BXLT	Exit	BAXALTA INCRP	$0	–	-7,979	–	-0.10%	–
GHC	Exit	GRAHAM HOLDINGS CO COM STK	$0	–	-438	–	-0.10%	–
JCOM	Exit	J2 GLOBAL COMMUNICATONS INC COM STK	$0	–	-3,587	–	-0.10%	–
NSIT	Exit	INSIGHT ENTERPRISES INC COM STK	$0	–	-9,759	–	-0.10%	–
SAIC	Exit	SCNC APP INT CRP	$0	–	-6,302	–	-0.10%	–
VC	Exit	Visteon Corporation COMMON STOCK	$0	–	-2,534	–	-0.10%	–
EBAY	Exit	EBAY INC COM STK	$0	–	-10,507	–	-0.10%	–
LEJU	Exit	LEJU HLD LTD ADR	$0	–	-46,337	–	-0.10%	–
BW	Exit	BBCK&WLCX ENTRPR	$0	–	-15,424	–	-0.10%	–
VIAV	Exit	VIAVI SOLUTIONS INC	$0	–	-48,465	–	-0.10%	–
EPC	Exit	EDGWL PRSNL CARE	$0	–	-3,237	–	-0.10%	–
LITE	Exit	LUMENTUM HOL-W/I	$0	–	-15,544	–	-0.10%	–
LPNT	Exit	LIFEPOINT HEALTH INC	$0	–	-3,740	–	-0.10%	–
BIG	Exit	BIG LOTS INC COM STK	$0	–	-5,656	–	-0.10%	–
OUTR	Exit	OUTERWALL COM STK	$0	–	-4,804	–	-0.11%	–
BCO	Exit	BRINKS CO COM	$0	–	-10,195	–	-0.11%	–
MAS	Exit	MASCO CORP COM STK	$0	–	-11,182	–	-0.11%	–
FSS	Exit	FEDERAL SIGNAL CORP COM STK	$0	–	-20,524	–	-0.11%	–
CDE	Exit	COEUR D ALENE MINES CORP IDAHO COM STK	$0	–	-101,039	–	-0.11%	–
MSG	Exit	MADISON SQUARE GARDEN COMPANY	$0	–	-3,973	–	-0.11%	–
TRS	Exit	TRIMAS CORP	$0	–	-17,523	–	-0.11%	–
TK	Exit	TEEKAY CORP COM STK	$0	–	-9,787	–	-0.11%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS CO COM STK	$0	–	-4,878	–	-0.11%	–
CBM	Exit	CAMBREX CORP COM STK	$0	–	-7,420	–	-0.11%	–
HTS	Exit	HATTERAS FINANCIAL COM STK REIT	$0	–	-19,752	–	-0.12%	–
IMKTA	Exit	INGLES MKTS INC CL A COM STK	$0	–	-6,346	–	-0.12%	–
CABO	Exit	CABLE ONE WI	$0	–	-723	–	-0.12%	–
VTR	Exit	VENTAS INC COM REIT	$0	–	-5,453	–	-0.12%	–
TOWR	Exit	TOWER INTERNATIONAL INC	$0	–	-13,009	–	-0.12%	–
BWXT	Exit	BWX TECHNLGS INC	$0	–	-11,980	–	-0.12%	–
SOHU	Exit	SOHU.COM INC COM STK	$0	–	-7,712	–	-0.12%	–
ADXS	Exit	ADVAXIS INC COM STK	$0	–	-31,152	–	-0.12%	–
CCP	Exit	CARE CAPITAL WI	$0	–	-9,743	–	-0.12%	–
BLD	Exit	TOPBUILD CORP	$0	–	-10,348	–	-0.12%	–
BNED	Exit	BARNES & NOBL ED	$0	–	-25,423	–	-0.12%	–
SCMP	Exit	SUCAMPO PHARMACEUTICALS -CL A	$0	–	-16,680	–	-0.13%	–
NI	Exit	NISOURCE INC	$0	–	-17,814	–	-0.13%	–
ELNK	Exit	EARTHLINK INC ATLANTA GA COM STK	$0	–	-43,030	–	-0.13%	–
JBL	Exit	JABIL CIRCUIT INC COM STK	$0	–	-15,318	–	-0.13%	–
GME	Exit	GAMESTOP CORP NEW CL A COM STK	$0	–	-8,330	–	-0.13%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY INC	$0	–	-16,979	–	-0.13%	–
KBR	Exit	KBR INC	$0	–	-20,958	–	-0.14%	–
HEES	Exit	H AND E EQUIPMENT SERVICES INC COM	$0	–	-22,148	–	-0.14%	–
AHT	Exit	ASHFORD HOSPITALITY TRUST INC COM REIT	$0	–	-61,206	–	-0.14%	–
TSEM	Exit	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$0	–	-30,580	–	-0.15%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-10,707	–	-0.16%	–
MSA	Exit	MINE SAFETY APPLIANCES CO COM STK	$0	–	-10,606	–	-0.16%	–
NTRI	Exit	NUTRI SYS INC NEW COM STK	$0	–	-16,232	–	-0.17%	–
HTHT	Exit	CHINA LODGING GROUP LTD-SPON ADR	$0	–	-18,642	–	-0.18%	–
STMP	Exit	STAMPS.COM INC COM STK	$0	–	-6,229	–	-0.18%	–
LOGM	Exit	LOGMEIN INC	$0	–	-6,889	–	-0.18%	–
NSP	Exit	INSPERITY INC COM STK	$0	–	-10,886	–	-0.18%	–
ALJ	Exit	ALON USA ENERGY INC COM	$0	–	-26,615	–	-0.19%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$0	–	-9,975	–	-0.19%	–
FN	Exit	FABRINET ORDER MINES LTDCOM STK	$0	–	-26,457	–	-0.19%	–
CALM	Exit	CAL MAINE FOODS INC COM STK	$0	–	-9,752	–	-0.21%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGetf	$0	–	-18,480	–	-0.28%	–
IQNT	Exit	INTELIQUENT INC COM STK	$0	–	-33,646	–	-0.29%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-21,140	–	-1.57%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-44,900	–	-1.90%	–
EWC	Exit	ISHARES MSCI CANADAetf	$0	–	-265,370	–	-2.36%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-61,520	–	-2.71%	–
IVV	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-130,190	–	-9.71%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUNDetf	$0	–	-1,149,753	–	-25.51%	–
EEM	Exit	ISHARES MSCI EMERGING MKT INetf	$0	–	-3,617,568	–	-45.90%	–

Q3 2015

			Value		Shares		↓ Weighting
EEM	Buy	ISHARES MSCI EMERGING MKT INetf	$118,583,000	+159.0%	3,617,568	+213.1%	45.90%	+52.3%
EFA	Buy	ISHARES MSCI EAFE INDEX FUNDetf	$65,903,000	+131.5%	1,149,753	+156.4%	25.51%	+36.1%
IWV	Buy	ISHARES RUSSELL 3000 INDEXetf	$7,006,000	-8.1%	61,520	+0.0%	2.71%	-46.0%
EWC	Buy	ISHARES MSCI CANADAetf	$6,103,000	+104.6%	265,370	+137.2%	2.36%	+20.3%
FN	Buy	FABRINET ORDER MINES LTDCOM STK	$484,000	+72.9%	26,457	+76.6%	0.19%	+1.6%
SPR	Sell	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$482,000	-25.8%	9,975	-15.5%	0.19%	-56.3%
ALJ	Buy	ALON USA ENERGY INC COM	$480,000	+47.7%	26,615	+54.6%	0.19%	-13.1%
NSP	Buy	INSPERITY INC COM STK	$478,000	+67.1%	10,886	+93.4%	0.18%	-1.6%
HTHT	New	CHINA LODGING GROUP LTD-SPON ADR	$455,000	–	18,642	–	0.18%	–
NTRI	Buy	NUTRI SYS INC NEW COM STK	$430,000	+26.8%	16,232	+19.0%	0.17%	-25.6%
MSA	Buy	MINE SAFETY APPLIANCES CO COM STK	$423,000	+13.7%	10,606	+38.2%	0.16%	-33.1%
MLNX	Buy	MELLANOX TECHNOLOGIES LTD	$404,000	+4.4%	10,707	+34.2%	0.16%	-38.8%
TSEM	Buy	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$393,000	+8.3%	30,580	+30.0%	0.15%	-36.4%
AHT	New	ASHFORD HOSPITALITY TRUST INC COM REIT	$373,000	–	61,206	–	0.14%	–
HEES	Buy	H AND E EQUIPMENT SERVICES INC COM	$370,000	+1.4%	22,148	+21.0%	0.14%	-40.4%
KBR	Buy	KBR INC	$349,000	-7.7%	20,958	+8.0%	0.14%	-45.8%
GME	New	GAMESTOP CORP NEW CL A COM STK	$343,000	–	8,330	–	0.13%	–
JBL	Sell	JABIL CIRCUIT INC COM STK	$342,000	-37.9%	15,318	-40.8%	0.13%	-63.6%
ELNK	New	EARTHLINK INC ATLANTA GA COM STK	$334,000	–	43,030	–	0.13%	–
SCMP	New	SUCAMPO PHARMACEUTICALS -CL A	$331,000	–	16,680	–	0.13%	–
NI	Buy	NISOURCE INC	$330,000	+8.9%	17,814	+167.6%	0.13%	-35.7%
BNED	New	BARNES & NOBL ED	$323,000	–	25,423	–	0.12%	–
CCP	New	CARE CAPITAL WI	$320,000	–	9,743	–	0.12%	–
BLD	New	TOPBUILD CORP	$320,000	–	10,348	–	0.12%	–
SOHU	Buy	SOHU.COM INC COM STK	$318,000	+43.2%	7,712	+107.6%	0.12%	-15.8%
ADXS	New	ADVAXIS INC COM STK	$318,000	–	31,152	–	0.12%	–
BWXT	New	BWX TECHNLGS INC	$315,000	–	11,980	–	0.12%	–
VTR	New	VENTAS INC COM REIT	$305,000	–	5,453	–	0.12%	–
IMKTA	New	INGLES MKTS INC CL A COM STK	$303,000	–	6,346	–	0.12%	–
CABO	New	CABLE ONE WI	$303,000	–	723	–	0.12%	–
HTS	Buy	HATTERAS FINANCIAL COM STK REIT	$299,000	+76.9%	19,752	+90.0%	0.12%	+4.5%
CBM	Sell	CAMBREX CORP COM STK	$294,000	-38.5%	7,420	-31.8%	0.11%	-63.8%
IART	Buy	INTEGRA LIFESCIENCES HLDGS CO COM STK	$290,000	-1.0%	4,878	+11.9%	0.11%	-42.0%
TK	New	TEEKAY CORP COM STK	$290,000	–	9,787	–	0.11%	–
MSG	New	MADISON SQUARE GARDEN COMPANY	$286,000	–	3,973	–	0.11%	–
TRS	New	TRIMAS CORP	$286,000	–	17,523	–	0.11%	–
CDE	New	COEUR D ALENE MINES CORP IDAHO COM STK	$284,000	–	101,039	–	0.11%	–
MAS	Buy	MASCO CORP COM STK	$281,000	-2.4%	11,182	+3.4%	0.11%	-42.6%
FSS	Sell	FEDERAL SIGNAL CORP COM STK	$281,000	-13.3%	20,524	-5.6%	0.11%	-48.8%
OUTR	Sell	OUTERWALL COM STK	$273,000	-32.9%	4,804	-10.3%	0.11%	-60.4%
BCO	Sell	BRINKS CO COM	$275,000	-19.1%	10,195	-11.8%	0.11%	-52.7%
BIG	Sell	BIG LOTS INC COM STK	$271,000	-12.6%	5,656	-18.0%	0.10%	-48.5%
LPNT	Buy	LIFEPOINT HEALTH INC	$265,000	+19.4%	3,740	+46.3%	0.10%	-29.5%
LITE	New	LUMENTUM HOL-W/I	$263,000	–	15,544	–	0.10%	–
EPC	New	EDGWL PRSNL CARE	$264,000	–	3,237	–	0.10%	–
VIAV	New	VIAVI SOLUTIONS INC	$260,000	–	48,465	–	0.10%	–
BW	New	BBCK&WLCX ENTRPR	$259,000	–	15,424	–	0.10%	–
EBAY	New	EBAY INC COM STK	$256,000	–	10,507	–	0.10%	–
VC	New	Visteon Corporation COMMON STOCK	$256,000	–	2,534	–	0.10%	–
LEJU	New	LEJU HLD LTD ADR	$256,000	–	46,337	–	0.10%	–
GHC	Buy	GRAHAM HOLDINGS CO COM STK	$252,000	-16.6%	438	+55.9%	0.10%	-50.8%
SAIC	Sell	SCNC APP INT CRP	$253,000	-31.6%	6,302	-10.2%	0.10%	-59.8%
BXLT	New	BAXALTA INCRP	$251,000	–	7,979	–	0.10%	–
BJRI	New	BJ'S RESTAURANTS INC	$243,000	–	5,668	–	0.09%	–
CVG	Sell	CONVERGYS CORP COM STK	$239,000	-38.1%	10,379	-31.6%	0.09%	-63.4%
PYPL	New	PAYPAL HOLDINGS INC SAN JOSE COM STK	$237,000	–	7,666	–	0.09%	–
PPC	Sell	PILGRIMS PRIDE	$231,000	-51.8%	11,156	-46.6%	0.09%	-71.7%
SONC	Buy	SONIC CORP COM STK	$225,000	+12.5%	9,835	+41.3%	0.09%	-34.1%
CVLG	Sell	COVENANT TRANSPORT INC CL A COM STK	$220,000	-50.5%	12,258	-30.8%	0.08%	-70.9%
SLCA	Buy	US SILICA HOLDINGS INC	$219,000	-27.5%	15,610	+51.5%	0.08%	-57.3%
BAS	Buy	BASIC ENERGY SVCS INC NEW COM STK	$219,000	-32.2%	66,486	+55.2%	0.08%	-60.1%
TLN	Buy	TALEN ENERGY CRP	$209,000	-30.3%	20,718	+18.3%	0.08%	-58.9%
BKS	New	BARNES & NOBLE INC COM STK	$210,000	–	17,401	–	0.08%	–
TSE	New	TRINSEO S.A. MUNSBACH COM STK	$206,000	–	8,181	–	0.08%	–
CPGX	New	CLMBA PPLIN GRP	$199,000	–	10,909	–	0.08%	–
CRC	Buy	CALIFORNIA RESOURCES CORP	$199,000	-41.3%	76,695	+36.6%	0.08%	-65.5%
NEBLQ	Buy	NOBLE CORP PLC COM STK	$191,000	+13.0%	17,548	+59.1%	0.07%	-33.3%
MWW	Sell	MONSTER WORLDWIDE INC COM	$192,000	-25.0%	29,938	-23.7%	0.07%	-56.2%
MRD	New	MEMORIAL RESOURCE DEVELOPMENT COM STK	$189,000	–	10,787	–	0.07%	–
MOMO	New	MOMO INC	$185,000	–	14,811	–	0.07%	–
DRI	New	DARDEN RESTAURANTS INC COM STK	$180,000	–	2,639	–	0.07%	–
CC	New	CHEMOURS COMPANY	$176,000	–	27,247	–	0.07%	–
AGEN	New	AGENUS INC COM STK	$166,000	–	36,168	–	0.06%	–
SYRG	New	SYNERGY RESOURCES CORPORATION COM STK	$165,000	–	16,856	–	0.06%	–
BRCD	Sell	BROCADE COMMUNICATIONS SYSTEM INC COM	$162,000	-64.3%	15,607	-59.2%	0.06%	-78.9%
PIR	New	PIER 1 IMPORTS INC COM STK	$156,000	–	22,683	–	0.06%	–
CPG	Sell	CRESCENT PT ENERGY TR COM	$140,000	-60.2%	12,267	-28.7%	0.05%	-76.7%
PVG	Sell	PRETIUM RESOURCES COM STK	$137,000	-39.4%	22,748	-45.6%	0.05%	-64.4%
BGC	New	GENERAL CABLE CORP DEL NEW COM STK	$129,000	–	10,921	–	0.05%	–
PESXQ	Buy	PIONEER DRILLING CO COM STK	$115,000	-42.8%	54,834	+72.5%	0.04%	-65.9%
CPE	New	CALLON PETE CO DEL COM STK	$114,000	–	15,738	–	0.04%	–
CIE	New	COBALT INTL ENERGY INC COM STK	$108,000	–	15,378	–	0.04%	–
INFI	Sell	INFINITY PHARMACEUTICALS INC	$95,000	-45.4%	11,295	-29.2%	0.04%	-67.8%
SXC	New	SUNCOKE ENERGY INC	$87,000	–	11,233	–	0.03%	–
OREX	New	OREXIGEN THERAPEUTICS INC COM	$63,000	–	30,203	–	0.02%	–
ZNGA	Sell	ZYNGA INCCOM STK	$45,000	-60.5%	19,874	-50.3%	0.02%	-77.3%
FMSA	New	FMSA HOLDINGS INC CHESTERLAND COM STK	$40,000	–	14,888	–	0.02%	–
USCI	New	UNITED STATES COMMODITY INDEetf	$31,000	–	760	–	0.01%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEW COM STK	$0	–	-10,676	–	-0.03%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INC COM STK	$0	–	-18,322	–	-0.06%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-13,649	–	-0.08%	–
WPX	Exit	WPX ENERGY INC	$0	–	-11,944	–	-0.10%	–
CENX	Exit	CENTURY ALUM CO COM STK	$0	–	-14,639	–	-0.10%	–
MPW	Exit	MEDICAL PRPS TR	$0	–	-13,142	–	-0.11%	–
CYBR	Exit	CYBER-ARK SOFTWARE LTD PETACH COM STK	$0	–	-3,202	–	-0.13%	–
SBRA	Exit	SABRA HEALTHCARE RE IT INC	$0	–	-7,843	–	-0.13%	–
NVRO	Exit	NEVRO CORP	$0	–	-3,887	–	-0.14%	–
IMPV	Exit	IMPERVA INC	$0	–	-3,103	–	-0.14%	–
KFY	Exit	KORN / FERRY INTL COM STK	$0	–	-6,055	–	-0.14%	–
MTH	Exit	MERITAGE HOMES CORP COM STK	$0	–	-4,606	–	-0.14%	–
CVEO	Exit	CIVEO CORP	$0	–	-71,172	–	-0.14%	–
CTLT	Exit	CATALENT INC	$0	–	-7,467	–	-0.14%	–
MYCC	Exit	CLUBCORP HOLDNGS	$0	–	-9,179	–	-0.14%	–
SKX	Exit	SKECHERS U S A INC CL A COM STK	$0	–	-2,018	–	-0.14%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-6,689	–	-0.15%	–
AMAG	Exit	AMAG PHARMACEUTICALSCOM STK	$0	–	-3,290	–	-0.15%	–
TARO	Exit	TARO PHARMACEUTICAL INDUSTRIES COM STK	$0	–	-1,603	–	-0.15%	–
SAND	Exit	SANDSTORM GOLD LTD VANCOUVER COM	$0	–	-82,763	–	-0.16%	–
MHRCQ	Exit	MAGNUM HUNTER RESOURCES CORP COM STK	$0	–	-134,010	–	-0.16%	–
SEM	Exit	SELECT MEDICAL HOLDINGS CORPORATION	$0	–	-15,737	–	-0.17%	–
WRLD	Exit	WORLD ACCEPTANCE CORP (S.C.) COM STK	$0	–	-4,234	–	-0.17%	–
ATHM	Exit	AUTOHOME INC	$0	–	-5,181	–	-0.17%	–
CYNO	Exit	CYNOSURE INC CL A COM STK	$0	–	-6,797	–	-0.17%	–
CRUS	Exit	CIRRUS LOGIC INC COM STK	$0	–	-7,797	–	-0.17%	–
IDCC	Exit	INTERDIGITAL INC COM STK	$0	–	-4,756	–	-0.18%	–
MEI	Exit	METHODE ELECTRS INC COM STK	$0	–	-10,253	–	-0.18%	–
UE	Exit	Urban Edge Prop	$0	–	-13,654	–	-0.19%	–
ONVO	Exit	ORGANOVO HOLDINGS INC COM STK	$0	–	-76,413	–	-0.19%	–
KPTI	Exit	KARM THES INC	$0	–	-10,588	–	-0.19%	–
MTDR	Exit	MATADOR RESOURCES CO	$0	–	-11,671	–	-0.19%	–
F102PS	Exit	BABCOCK & WILCOX CO	$0	–	-8,982	–	-0.19%	–
VSTO	Exit	VISTA OUTDOOR INC	$0	–	-6,626	–	-0.20%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC COM STK	$0	–	-2,879	–	-0.20%	–
REMY	Exit	REMY INTERNATIONAL INC PENDLE COM STK	$0	–	-13,605	–	-0.20%	–
OA	Exit	ORBITAL ATK INC	$0	–	-4,093	–	-0.20%	–
REX	Exit	REX AMERICAN RESOURCES CORP	$0	–	-5,197	–	-0.22%	–
AZPN	Exit	ASPEN TECHNOLOGY INC COM STK	$0	–	-8,299	–	-0.25%	–
MUSA	Exit	MURPHY USA INC.	$0	–	-7,647	–	-0.28%	–
HY	Exit	HYSTR YL MRL HND	$0	–	-7,876	–	-0.36%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-36,680	–	-0.51%	–
MATX	Exit	MATSON INC	$0	–	-18,560	–	-0.51%	–

Q2 2015

			Value		Shares		↓ Weighting
EEM	New	ISHARES MSCI EMERGING MKT INetf	$45,778,000	–	1,155,451	–	30.13%	–
EFA	New	ISHARES MSCI EAFE INDEX FUNDetf	$28,466,000	–	448,363	–	18.74%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$26,977,000	–	130,190	–	17.76%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$7,623,000	–	61,490	–	5.02%	–
IWM	New	ISHARES RUSSELL 2000etf	$5,606,000	–	44,900	–	3.69%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$4,351,000	–	21,140	–	2.86%	–
EWC	New	ISHARES MSCI CANADAetf	$2,983,000	–	111,880	–	1.96%	–
IEMG	New	ISHARES CORE MSCI EMERGINGetf	$887,000	–	18,480	–	0.58%	–
MATX	New	MATSON INC	$780,000	–	18,560	–	0.51%	–
GSG	New	ISHARES S&P GSCI COMMODITY Ietf	$774,000	–	36,680	–	0.51%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$650,000	–	11,808	–	0.43%	–
IQNT	New	INTELIQUENT INC COM STK	$619,000	–	33,646	–	0.41%	–
JBL	New	JABIL CIRCUIT INC COM STK	$551,000	–	25,895	–	0.36%	–
HY	New	HYSTR YL MRL HND	$545,000	–	7,876	–	0.36%	–
CALM	New	CAL MAINE FOODS INC COM STK	$509,000	–	9,752	–	0.34%	–
CBM	New	CAMBREX CORP COM STK	$478,000	–	10,883	–	0.32%	–
PPC	New	PILGRIMS PRIDE	$479,000	–	20,896	–	0.32%	–
STMP	New	STAMPS.COM INC COM STK	$458,000	–	6,229	–	0.30%	–
BRCD	New	BROCADE COMMUNICATIONS SYSTEM INC COM	$454,000	–	38,241	–	0.30%	–
LOGM	New	LOGMEIN INC	$444,000	–	6,889	–	0.29%	–
CVLG	New	COVENANT TRANSPORT INC CL A COM STK	$444,000	–	17,726	–	0.29%	–
MUSA	New	MURPHY USA INC.	$426,000	–	7,647	–	0.28%	–
OUTR	New	OUTERWALL COM STK	$407,000	–	5,354	–	0.27%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$387,000	–	7,978	–	0.26%	–
CVG	New	CONVERGYS CORP COM STK	$386,000	–	15,175	–	0.25%	–
AZPN	New	ASPEN TECHNOLOGY INC COM STK	$378,000	–	8,299	–	0.25%	–
KBR	New	KBR INC	$378,000	–	19,410	–	0.25%	–
MSA	New	MINE SAFETY APPLIANCES CO COM STK	$372,000	–	7,673	–	0.24%	–
SAIC	New	SCNC APP INT CRP	$370,000	–	7,015	–	0.24%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY INC	$368,000	–	16,979	–	0.24%	–
HEES	New	H AND E EQUIPMENT SERVICES INC COM	$365,000	–	18,300	–	0.24%	–
TSEM	New	TOWER SEMICONDUCTOR LTD MIGDA COM STK	$363,000	–	23,522	–	0.24%	–
CPG	New	CRESCENT PT ENERGY TR COM	$352,000	–	17,209	–	0.23%	–
BCO	New	BRINKS CO COM	$340,000	–	11,555	–	0.22%	–
NTRI	New	NUTRI SYS INC NEW COM STK	$339,000	–	13,636	–	0.22%	–
CRC	New	CALIFORNIA RESOURCES CORP	$339,000	–	56,149	–	0.22%	–
TOWR	New	TOWER INTERNATIONAL INC	$338,000	–	13,009	–	0.22%	–
REX	New	REX AMERICAN RESOURCES CORP	$330,000	–	5,197	–	0.22%	–
ALJ	New	ALON USA ENERGY INC COM	$325,000	–	17,218	–	0.21%	–
BAS	New	BASIC ENERGY SVCS INC NEW COM STK	$323,000	–	42,845	–	0.21%	–
FSS	New	FEDERAL SIGNAL CORP COM STK	$324,000	–	21,744	–	0.21%	–
BIG	New	BIG LOTS INC COM STK	$310,000	–	6,896	–	0.20%	–
SLCA	New	US SILICA HOLDINGS INC	$302,000	–	10,303	–	0.20%	–
NI	New	NISOURCE INC	$303,000	–	6,658	–	0.20%	–
GHC	New	GRAHAM HOLDINGS CO COM STK	$302,000	–	281	–	0.20%	–
TLN	New	TALEN ENERGY CRP	$300,000	–	17,513	–	0.20%	–
OA	New	ORBITAL ATK INC	$300,000	–	4,093	–	0.20%	–
SWKS	New	SKYWORKS SOLUTIONS INC COM STK	$299,000	–	2,879	–	0.20%	–
REMY	New	REMY INTERNATIONAL INC PENDLE COM STK	$300,000	–	13,605	–	0.20%	–
VSTO	New	VISTA OUTDOOR INC	$297,000	–	6,626	–	0.20%	–
F102PS	New	BABCOCK & WILCOX CO	$294,000	–	8,982	–	0.19%	–
IART	New	INTEGRA LIFESCIENCES HLDGS CO COM STK	$293,000	–	4,358	–	0.19%	–
NSIT	New	INSIGHT ENTERPRISES INC COM STK	$291,000	–	9,759	–	0.19%	–
MTDR	New	MATADOR RESOURCES CO	$291,000	–	11,671	–	0.19%	–
CSAL	New	COMMUNICATIONS SALES AND LEASING WHEN IS	$290,000	–	11,755	–	0.19%	–
ONVO	New	ORGANOVO HOLDINGS INC COM STK	$288,000	–	76,413	–	0.19%	–
KPTI	New	KARM THES INC	$288,000	–	10,588	–	0.19%	–
MAS	New	MASCO CORP COM STK	$288,000	–	10,811	–	0.19%	–
NSP	New	INSPERITY INC COM STK	$286,000	–	5,629	–	0.19%	–
UE	New	Urban Edge Prop	$283,000	–	13,654	–	0.19%	–
MEI	New	METHODE ELECTRS INC COM STK	$281,000	–	10,253	–	0.18%	–
FN	New	FABRINET ORDER MINES LTDCOM STK	$280,000	–	14,985	–	0.18%	–
IDCC	New	INTERDIGITAL INC COM STK	$270,000	–	4,756	–	0.18%	–
CRUS	New	CIRRUS LOGIC INC COM STK	$265,000	–	7,797	–	0.17%	–
CYNO	New	CYNOSURE INC CL A COM STK	$262,000	–	6,797	–	0.17%	–
ATHM	New	AUTOHOME INC	$260,000	–	5,181	–	0.17%	–
WRLD	New	WORLD ACCEPTANCE CORP (S.C.) COM STK	$260,000	–	4,234	–	0.17%	–
WIN	New	WINDSTREAM HOLDINGS INC	$258,000	–	40,595	–	0.17%	–
EWT	New	ISHARES MSCI TAIWAN INDEX FDetf	$257,000	–	16,300	–	0.17%	–
MWW	New	MONSTER WORLDWIDE INC COM	$256,000	–	39,213	–	0.17%	–
SEM	New	SELECT MEDICAL HOLDINGS CORPORATION	$254,000	–	15,737	–	0.17%	–
MHRCQ	New	MAGNUM HUNTER RESOURCES CORP COM STK	$250,000	–	134,010	–	0.16%	–
JCOM	New	J2 GLOBAL COMMUNICATONS INC COM STK	$243,000	–	3,587	–	0.16%	–
SAND	New	SANDSTORM GOLD LTD VANCOUVER COM	$243,000	–	82,763	–	0.16%	–
HEDJ	New	WISDOMTREE EUROPE HEDGED EQUetf	$237,000	–	3,860	–	0.16%	–
TARO	New	TARO PHARMACEUTICAL INDUSTRIES COM STK	$230,000	–	1,603	–	0.15%	–
PVG	New	PRETIUM RESOURCES COM STK	$226,000	–	41,852	–	0.15%	–
AMAG	New	AMAG PHARMACEUTICALSCOM STK	$227,000	–	3,290	–	0.15%	–
ADT	New	THE ADT CORPORATION	$224,000	–	6,689	–	0.15%	–
SOHU	New	SOHU.COM INC COM STK	$222,000	–	3,715	–	0.15%	–
LPNT	New	LIFEPOINT HEALTH INC	$222,000	–	2,556	–	0.15%	–
SKX	New	SKECHERS U S A INC CL A COM STK	$221,000	–	2,018	–	0.14%	–
MYCC	New	CLUBCORP HOLDNGS	$219,000	–	9,179	–	0.14%	–
CVEO	New	CIVEO CORP	$218,000	–	71,172	–	0.14%	–
CTLT	New	CATALENT INC	$219,000	–	7,467	–	0.14%	–
MTH	New	MERITAGE HOMES CORP COM STK	$216,000	–	4,606	–	0.14%	–
IMPV	New	IMPERVA INC	$210,000	–	3,103	–	0.14%	–
KFY	New	KORN / FERRY INTL COM STK	$210,000	–	6,055	–	0.14%	–
NVRO	New	NEVRO CORP	$208,000	–	3,887	–	0.14%	–
SONC	New	SONIC CORP COM STK	$200,000	–	6,961	–	0.13%	–
PESXQ	New	PIONEER DRILLING CO COM STK	$201,000	–	31,781	–	0.13%	–
SBRA	New	SABRA HEALTHCARE RE IT INC	$201,000	–	7,843	–	0.13%	–
CYBR	New	CYBER-ARK SOFTWARE LTD PETACH COM STK	$201,000	–	3,202	–	0.13%	–
INFI	New	INFINITY PHARMACEUTICALS INC	$174,000	–	15,943	–	0.12%	–
MPW	New	MEDICAL PRPS TR	$172,000	–	13,142	–	0.11%	–
HTS	New	HATTERAS FINANCIAL COM STK REIT	$169,000	–	10,395	–	0.11%	–
NEBLQ	New	NOBLE CORP PLC COM STK	$169,000	–	11,032	–	0.11%	–
CENX	New	CENTURY ALUM CO COM STK	$152,000	–	14,639	–	0.10%	–
WNC	New	WABASH NATL CORP COM STK	$147,000	–	11,745	–	0.10%	–
WPX	New	WPX ENERGY INC	$146,000	–	11,944	–	0.10%	–
LXP	New	LEXINGTON REALTY TRUST	$115,000	–	13,649	–	0.08%	–
ZNGA	New	ZYNGA INCCOM STK	$114,000	–	39,968	–	0.08%	–
CLDPQ	New	CLOUD PEAK ENERGY INC COM STK	$85,000	–	18,322	–	0.06%	–
WW	New	WEIGHT WATCHERS INTL INC NEW COM STK	$51,000	–	10,676	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
ARCB	Exit	ARKANSAS BEST CORP DELAWARE COM STK	$0	–	-695	–	-0.01%	–
DRYS	Exit	DRYSHIPS INC COM STK	$0	–	-12,617	–	-0.01%	–
FOMX	Exit	FOAMIX PHARMACEUTICALS LTD	$0	–	-12,151	–	-0.02%	–
AXAS	Exit	ABRAXAS PETE CORP COM STK	$0	–	-14,180	–	-0.02%	–
SQNM	Exit	SEQUENOM INC	$0	–	-28,487	–	-0.03%	–
EGY	Exit	VAALCO ENERGY INC COM STK	$0	–	-10,491	–	-0.03%	–
SNTA	Exit	SYNTA PHARMACEUTICALS CORP	$0	–	-29,956	–	-0.03%	–
MACK	Exit	MERRIMACK PHARMACEUTICALS INC	$0	–	-10,629	–	-0.03%	–
CENX	Exit	CENTURY ALUM CO COM STK	$0	–	-3,673	–	-0.03%	–
HI	Exit	HILLENBRAND	$0	–	-3,658	–	-0.03%	–
CVG	Exit	CONVERGYS CORP COM STK	$0	–	-6,199	–	-0.03%	–
CVEO	Exit	CIVEO CORP	$0	–	-11,678	–	-0.04%	–
OWW	Exit	ORBITZ WORLDWIDE INC	$0	–	-17,075	–	-0.04%	–
HRC	Exit	HILL-ROM HOLDINGS COM STK	$0	–	-3,233	–	-0.04%	–
JCOM	Exit	J2 GLOBAL COMMUNICATONS INC COM STK	$0	–	-2,773	–	-0.04%	–
DK	Exit	DELEK US HOLDINGS	$0	–	-4,209	–	-0.04%	–
AMKR	Exit	AMKOR TECHNOLOGY INC COM STK	$0	–	-17,114	–	-0.04%	–
SEM	Exit	SELECT MEDICAL HOLDINGS CORPORATION	$0	–	-12,119	–	-0.04%	–
LEJU	Exit	LEJU HLD LTD ADR	$0	–	-11,537	–	-0.04%	–
RPXC	Exit	RPX CORP	$0	–	-11,884	–	-0.05%	–
PVG	Exit	PRETIUM RESOURCES COM STK	$0	–	-32,100	–	-0.05%	–
HA	Exit	HAWAIIAN HLDGS INC COM STK	$0	–	-12,463	–	-0.05%	–
AKS	Exit	AK STEEL HOLDING CORP COM STK	$0	–	-21,322	–	-0.05%	–
SAND	Exit	SANDSTORM GOLD LTD VANCOUVER COM	$0	–	-39,583	–	-0.05%	–
GSTCQ	Exit	GASTAR EXPLORATION INC HOUSTO COM STK	$0	–	-30,675	–	-0.06%	–
EJ	Exit	E-HOUSE (CHINA) HOLDINGS SHAN ADR	$0	–	-19,170	–	-0.06%	–
THRX	Exit	THERAVANCE	$0	–	-10,922	–	-0.06%	–
SC	Exit	SANTANDER CONSUMER USA HOLDINGS INC	$0	–	-10,532	–	-0.06%	–
CPE	Exit	CALLON PETE CO DEL COM STK	$0	–	-21,882	–	-0.06%	–
PGNPQ	Exit	PARAGON OFFSHORE	$0	–	-32,188	–	-0.06%	–
ICL	Exit	ISRAEL CHEMICALS LTD SHS	$0	–	-27,894	–	-0.06%	–
RNG	Exit	RINGCENTRAL INC SAN MATEO CA COM STK	$0	–	-16,342	–	-0.06%	–
ANIK	Exit	ANIKA THERAPEUTICS INC COM STK	$0	–	-5,776	–	-0.06%	–
TUP	Exit	TUPPERWARE BRANDS CORPORATION COM STK	$0	–	-3,040	–	-0.06%	–
KALU	Exit	KAISER ALUM CORP COM STK	$0	–	-2,742	–	-0.06%	–
BBY	Exit	BEST BUY INC COM STK	$0	–	-6,324	–	-0.06%	–
GAS	Exit	AGL RES INC COM STK	$0	–	-4,185	–	-0.06%	–
STAY	Exit	EXTENDED STAY AM	$0	–	-8,969	–	-0.06%	–
SANM	Exit	SANMINA-SCI CORP COM STK	$0	–	-10,201	–	-0.06%	–
VRSN	Exit	VERISIGN INC COM STK	$0	–	-3,914	–	-0.07%	–
EXK	Exit	ENDEAVOUR SILVER CORP	$0	–	-50,962	–	-0.07%	–
NOV	Exit	NATIONAL-OILWELL VARCO INC COM	$0	–	-3,036	–	-0.07%	–
PGTI	Exit	PGT INC COM STK	$0	–	-25,020	–	-0.07%	–
CRUS	Exit	CIRRUS LOGIC INC COM STK	$0	–	-11,224	–	-0.07%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-2,436	–	-0.07%	–
BKS	Exit	BARNES & NOBLE INC COM STK	$0	–	-11,996	–	-0.07%	–
SLM	Exit	SLM CORP COM STK	$0	–	-27,809	–	-0.07%	–
NEBLQ	Exit	NOBLE CORP PLC COM STK	$0	–	-10,922	–	-0.07%	–
OIS	Exit	OIL STS INTL INC COM STK	$0	–	-3,901	–	-0.07%	–
PPC	Exit	PILGRIMS PRIDE	$0	–	-7,941	–	-0.07%	–
NAVI	Exit	NAVIENT CORP W/D	$0	–	-14,117	–	-0.08%	–
EWT	Exit	ISHARES MSCI TAIWAN INDEX FDetf	$0	–	-16,300	–	-0.08%	–
ZLTQ	Exit	ZELTIQ AESTHETICS INC	$0	–	-11,173	–	-0.08%	–
CHK	Exit	CHESAPEAKE ENERGY CORP COM STK	$0	–	-11,181	–	-0.08%	–
FOE	Exit	FERRO CORP COM STK	$0	–	-18,282	–	-0.08%	–
SKX	Exit	SKECHERS U S A INC CL A COM STK	$0	–	-4,967	–	-0.08%	–
NX	Exit	QUANEX BUILDING PRODUCTS CORP COM	$0	–	-15,272	–	-0.08%	–
ALGN	Exit	ALIGN TECHNOLOGY INC COM STK	$0	–	-5,306	–	-0.08%	–
TKR	Exit	TIMKEN CO COM STK	$0	–	-6,623	–	-0.08%	–
CNW	Exit	CON-WAY INC COM STK	$0	–	-5,906	–	-0.08%	–
CBS	Exit	CBS CORP NEW CL B COM STK	$0	–	-5,201	–	-0.08%	–
TEVA	Exit	TEVA PHARM	$0	–	-5,160	–	-0.08%	–
DNOW	Exit	NOW INC	$0	–	-9,160	–	-0.08%	–
TMST	Exit	TIMKENSTEEL CORP	$0	–	-6,192	–	-0.09%	–
BR	Exit	BROADRIDG FIN	$0	–	-7,002	–	-0.09%	–
TIME	Exit	TIME INC	$0	–	-12,387	–	-0.09%	–
NSAM	Exit	NORTHSTAR AT MGT	$0	–	-16,000	–	-0.09%	–
RYAM	Exit	RAYONR ADV MTRL	$0	–	-8,955	–	-0.09%	–
DEPO	Exit	DEPOMED INC COM STK	$0	–	-19,563	–	-0.09%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC COM STK	$0	–	-3,577	–	-0.09%	–
HAWKB	Exit	BLACKHAWK NETWORK HD-B W/I	$0	–	-9,311	–	-0.09%	–
SSEIQ	Exit	SEVENTY SVN ENRG	$0	–	-12,836	–	-0.09%	–
LE	Exit	LANDS END INC COM STK	$0	–	-7,445	–	-0.09%	–
ACAT	Exit	ARCTIC CAT INC COM STK	$0	–	-8,763	–	-0.09%	–
AFFX	Exit	AFFYMETRIX INC COM STK	$0	–	-39,419	–	-0.10%	–
LVNTA	Exit	LIBERTY VENTURES SERIES A	$0	–	-8,425	–	-0.10%	–
MATX	Exit	MATSON INC	$0	–	-12,790	–	-0.10%	–
GME	Exit	GAMESTOP CORP NEW CL A COM STK	$0	–	-7,812	–	-0.10%	–
TTEK	Exit	TETRA TECH INC COM STK	$0	–	-12,994	–	-0.10%	–
TRN	Exit	TRINITY INDS INC COM STK	$0	–	-7,034	–	-0.10%	–
FSS	Exit	FEDERAL SIGNAL CORP COM STK	$0	–	-25,081	–	-0.10%	–
VRTV	Exit	VERITIV CORPRATN	$0	–	-6,706	–	-0.10%	–
LOGM	Exit	LOGMEIN INC	$0	–	-7,510	–	-0.10%	–
LXK	Exit	LEXMARK INTERNATIONAL INC CL A COM STK	$0	–	-8,165	–	-0.11%	–
NKTR	Exit	NEKTAR THERAPEUTICS SHS	$0	–	-29,155	–	-0.11%	–
PRIM	Exit	PRIMORIS SERVICES CORP COM STK	$0	–	-13,445	–	-0.11%	–
NTUS	Exit	NATUS MEDICAL INC DEL COM	$0	–	-12,607	–	-0.11%	–
CALM	Exit	CAL MAINE FOODS INC COM STK	$0	–	-4,417	–	-0.12%	–
MUSA	Exit	MURPHY USA INC.	$0	–	-7,647	–	-0.12%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYSTEM INC COM	$0	–	-38,241	–	-0.13%	–
IQNT	Exit	INTELIQUENT INC COM STK	$0	–	-34,091	–	-0.13%	–
HY	Exit	HYSTR YL MRL HND	$0	–	-6,216	–	-0.14%	–
6100PS	Exit	BROWN SHOE INC NEW COM STK	$0	–	-16,804	–	-0.14%	–
OEF	Exit	ISHARES S&P 100 INDEX FUNDetf	$0	–	-30,245	–	-0.81%	–
EWC	Exit	ISHARES MSCI CANADAetf	$0	–	-98,430	–	-0.92%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-21,140	–	-1.27%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-44,900	–	-1.50%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-95,680	–	-3.41%	–
GSG	Exit	ISHARES S&P GSCI COMMODITY Ietf	$0	–	-399,180	–	-3.61%	–
IVW	Exit	ISHARES CORE S&P 500 ETFetf	$0	–	-137,100	–	-8.30%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUNDetf	$0	–	-449,784	–	-8.81%	–
EEM	Exit	ISHARES MSCI EMERGING MKT INetf	$0	–	-5,093,809	–	-64.64%	–

Q3 2014

			Value		Shares		↓ Weighting
EEM	Sell	ISHARES MSCI EMERGING MKT INetf	$211,698,000	-63.9%	5,093,809	-62.4%	64.64%	-8.6%
EFA	Sell	ISHARES MSCI EAFE INDEX FUNDetf	$28,840,000	-47.8%	449,784	-44.4%	8.81%	+32.1%
IVW	Sell	ISHARES CORE S&P 500 ETFetf	$27,181,000	-49.7%	137,100	-50.0%	8.30%	+27.3%
GSG	Sell	ISHARES S&P GSCI COMMODITY Ietf	$11,811,000	-56.4%	399,180	-50.0%	3.61%	+10.3%
IWV	Sell	ISHARES RUSSELL 3000 INDEXetf	$11,174,000	-47.3%	95,680	-46.8%	3.41%	+33.4%
IWM	Sell	ISHARES RUSSELL 2000etf	$4,909,000	-54.0%	44,900	-50.0%	1.50%	+16.5%
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$4,165,000	-49.7%	21,140	-50.0%	1.27%	+27.5%
EWC	Sell	ISHARES MSCI CANADAetf	$3,020,000	-52.4%	98,430	-50.0%	0.92%	+20.5%
OEF	Sell	ISHARES S&P 100 INDEX FUNDetf	$2,666,000	-49.1%	30,245	-50.0%	0.81%	+28.8%
6100PS	Sell	BROWN SHOE INC NEW COM STK	$455,000	-30.0%	16,804	-26.3%	0.14%	+78.2%
HY	Buy	HYSTR YL MRL HND	$445,000	+1.4%	6,216	+25.1%	0.14%	+156.6%
IQNT	Sell	INTELIQUENT INC COM STK	$424,000	-48.7%	34,091	-23.5%	0.13%	+29.0%
BRCD	Sell	BROCADE COMMUNICATIONS SYSTEM INC COM	$415,000	-41.5%	38,241	-50.5%	0.13%	+47.7%
MUSA	Buy	MURPHY USA INC.	$405,000	+15.7%	7,647	+6.5%	0.12%	+195.2%
CALM	Sell	CAL MAINE FOODS INC COM STK	$394,000	-37.1%	4,417	-52.3%	0.12%	+57.9%
PRIM	Sell	PRIMORIS SERVICES CORP COM STK	$360,000	-19.3%	13,445	-14.4%	0.11%	+103.7%
NKTR	Sell	NEKTAR THERAPEUTICS SHS	$351,000	-26.3%	29,155	-35.3%	0.11%	+87.7%
LXK	Sell	LEXMARK INTERNATIONAL INC CL A COM STK	$347,000	-34.0%	8,165	-25.3%	0.11%	+68.3%
LOGM	Buy	LOGMEIN INC	$345,000	+31.2%	7,510	+32.7%	0.10%	+228.1%
VRTV	New	VERITIV CORPRATN	$335,000	–	6,706	–	0.10%	–
FSS	Buy	FEDERAL SIGNAL CORP COM STK	$332,000	+13.3%	25,081	+25.3%	0.10%	+188.6%
TRN	Buy	TRINITY INDS INC COM STK	$328,000	+21.5%	7,034	+13.5%	0.10%	+203.0%
TTEK	New	TETRA TECH INC COM STK	$324,000	–	12,994	–	0.10%	–
MATX	Buy	MATSON INC	$320,000	-0.3%	12,790	+6.9%	0.10%	+151.3%
GME	Sell	GAMESTOP CORP NEW CL A COM STK	$321,000	-56.7%	7,812	-57.5%	0.10%	+8.9%
LVNTA	New	LIBERTY VENTURES SERIES A	$319,000	–	8,425	–	0.10%	–
AFFX	Buy	AFFYMETRIX INC COM STK	$314,000	+16.7%	39,419	+30.1%	0.10%	+200.0%
SSEIQ	New	SEVENTY SVN ENRG	$304,000	–	12,836	–	0.09%	–
ACAT	New	ARCTIC CAT INC COM STK	$305,000	–	8,763	–	0.09%	–
LE	Sell	LANDS END INC COM STK	$306,000	+1.3%	7,445	-17.3%	0.09%	+158.3%
HAWKB	Sell	BLACKHAWK NETWORK HD-B W/I	$300,000	-44.6%	9,311	-54.0%	0.09%	+41.5%
ADP	New	AUTOMATIC DATA PROCESSING INC COM STK	$297,000	–	3,577	–	0.09%	–
DEPO	Sell	DEPOMED INC COM STK	$297,000	-33.1%	19,563	-39.0%	0.09%	+68.5%
RYAM	New	RAYONR ADV MTRL	$294,000	–	8,955	–	0.09%	–
NSAM	New	NORTHSTAR AT MGT	$294,000	–	16,000	–	0.09%	–
BR	Sell	BROADRIDG FIN	$291,000	-54.8%	7,002	-54.8%	0.09%	+14.1%
TIME	Sell	TIME INC	$290,000	-9.9%	12,387	-6.9%	0.09%	+128.2%
TMST	New	TIMKENSTEEL CORP	$287,000	–	6,192	–	0.09%	–
TKR	Sell	TIMKEN CO COM STK	$280,000	-61.5%	6,623	-30.6%	0.08%	-3.4%
TEVA	New	TEVA PHARM	$277,000	–	5,160	–	0.08%	–
CNW	New	CON-WAY INC COM STK	$280,000	–	5,906	–	0.08%	–
DNOW	Buy	NOW INC	$278,000	-14.5%	9,160	+1.8%	0.08%	+117.9%
CBS	Buy	CBS CORP NEW CL B COM STK	$278,000	-9.4%	5,201	+5.1%	0.08%	+129.7%
NX	Sell	QUANEX BUILDING PRODUCTS CORP COM	$276,000	+15.0%	15,272	-75.4%	0.08%	+189.7%
ALGN	Sell	ALIGN TECHNOLOGY INC COM STK	$274,000	-53.6%	5,306	-59.4%	0.08%	+18.3%
FOE	Sell	FERRO CORP COM STK	$264,000	-35.0%	18,282	-43.5%	0.08%	+65.3%
SKX	Sell	SKECHERS U S A INC CL A COM STK	$264,000	-49.7%	4,967	-45.7%	0.08%	+28.6%
CHK	Sell	CHESAPEAKE ENERGY CORP COM STK	$257,000	-57.5%	11,181	-41.3%	0.08%	+6.8%
ZLTQ	Buy	ZELTIQ AESTHETICS INC	$252,000	+56.5%	11,173	+5.3%	0.08%	+305.3%
EWT	Sell	ISHARES MSCI TAIWAN INDEX FDetf	$248,000	-51.8%	16,300	-50.0%	0.08%	+22.6%
NAVI	Sell	NAVIENT CORP W/D	$250,000	-52.1%	14,117	-35.0%	0.08%	+20.6%
OIS	Sell	OIL STS INTL INC COM STK	$241,000	-7.7%	3,901	-4.5%	0.07%	+138.7%
PPC	Sell	PILGRIMS PRIDE	$242,000	-37.8%	7,941	-44.2%	0.07%	+57.4%
NEBLQ	New	NOBLE CORP PLC COM STK	$242,000	–	10,922	–	0.07%	–
SLM	Sell	SLM CORP COM STK	$238,000	-46.9%	27,809	-19.8%	0.07%	+35.2%
BKS	Sell	BARNES & NOBLE INC COM STK	$236,000	-51.8%	11,996	-44.2%	0.07%	+22.0%
PCRX	Sell	PACIRA PHARMACEUTICALS INC	$236,000	-9.9%	2,436	-92.3%	0.07%	+125.0%
NOV	Sell	NATIONAL-OILWELL VARCO INC COM	$231,000	-57.1%	3,036	-59.4%	0.07%	+9.2%
PGTI	Buy	PGT INC COM STK	$233,000	+26.6%	25,020	+15.1%	0.07%	+222.7%
CRUS	Sell	CIRRUS LOGIC INC COM STK	$234,000	-55.8%	11,224	-43.1%	0.07%	+10.9%
EXK	Sell	ENDEAVOUR SILVER CORP	$222,000	-59.0%	50,962	-48.6%	0.07%	+4.6%
VRSN	New	VERISIGN INC COM STK	$215,000	–	3,914	–	0.07%	–
BBY	Sell	BEST BUY INC COM STK	$212,000	-59.2%	6,324	-62.4%	0.06%	+3.2%
SANM	Sell	SANMINA-SCI CORP COM STK	$212,000	-55.3%	10,201	-28.8%	0.06%	+14.0%
STAY	New	EXTENDED STAY AM	$212,000	–	8,969	–	0.06%	–
GAS	New	AGL RES INC COM STK	$214,000	–	4,185	–	0.06%	–
ANIK	Sell	ANIKA THERAPEUTICS INC COM STK	$211,000	-25.7%	5,776	-5.9%	0.06%	+88.2%
TUP	Sell	TUPPERWARE BRANDS CORPORATION COM STK	$209,000	-49.4%	3,040	-69.6%	0.06%	+28.0%
KALU	Sell	KAISER ALUM CORP COM STK	$208,000	-19.4%	2,742	-22.7%	0.06%	+106.5%
RNG	New	RINGCENTRAL INC SAN MATEO CA COM STK	$207,000	–	16,342	–	0.06%	–
ICL	New	ISRAEL CHEMICALS LTD SHS	$201,000	–	27,894	–	0.06%	–
PGNPQ	New	PARAGON OFFSHORE	$197,000	–	32,188	–	0.06%	–
CPE	New	CALLON PETE CO DEL COM STK	$192,000	–	21,882	–	0.06%	–
THRX	Sell	THERAVANCE	$186,000	-61.5%	10,922	-19.5%	0.06%	-1.7%
SC	New	SANTANDER CONSUMER USA HOLDINGS INC	$187,000	–	10,532	–	0.06%	–
EJ	Sell	E-HOUSE (CHINA) HOLDINGS SHAN ADR	$184,000	-74.1%	19,170	-83.8%	0.06%	-34.9%
GSTCQ	New	GASTAR EXPLORATION INC HOUSTO COM STK	$180,000	–	30,675	–	0.06%	–
SAND	New	SANDSTORM GOLD LTD VANCOUVER COM	$170,000	–	39,583	–	0.05%	–
AKS	New	AK STEEL HOLDING CORP COM STK	$170,000	–	21,322	–	0.05%	–
PVG	Sell	PRETIUM RESOURCES COM STK	$166,000	-66.3%	32,100	-8.1%	0.05%	-13.6%
RPXC	Buy	RPX CORP	$163,000	-22.4%	11,884	+0.0%	0.05%	+100.0%
LEJU	Sell	LEJU HLD LTD ADR	$149,000	-75.0%	11,537	-70.0%	0.04%	-37.5%
AMKR	Sell	AMKOR TECHNOLOGY INC COM STK	$143,000	-67.9%	17,114	-47.6%	0.04%	-18.5%
SEM	New	SELECT MEDICAL HOLDINGS CORPORATION	$145,000	–	12,119	–	0.04%	–
DK	New	DELEK US HOLDINGS	$139,000	–	4,209	–	0.04%	–
JCOM	Sell	J2 GLOBAL COMMUNICATONS INC COM STK	$136,000	-45.6%	2,773	-66.0%	0.04%	+40.0%
CVEO	Sell	CIVEO CORP	$135,000	-74.3%	11,678	-46.7%	0.04%	-34.9%
HRC	Sell	HILL-ROM HOLDINGS COM STK	$133,000	-69.7%	3,233	-34.9%	0.04%	-22.6%
OWW	Sell	ORBITZ WORLDWIDE INC	$134,000	-78.3%	17,075	-57.2%	0.04%	-44.6%
HI	New	HILLENBRAND	$112,000	–	3,658	–	0.03%	–
CVG	New	CONVERGYS CORP COM STK	$110,000	–	6,199	–	0.03%	–
CENX	New	CENTURY ALUM CO COM STK	$95,000	–	3,673	–	0.03%	–
MACK	New	MERRIMACK PHARMACEUTICALS INC	$93,000	–	10,629	–	0.03%	–
EGY	New	VAALCO ENERGY INC COM STK	$89,000	–	10,491	–	0.03%	–
SNTA	New	SYNTA PHARMACEUTICALS CORP	$90,000	–	29,956	–	0.03%	–
SQNM	Sell	SEQUENOM INC	$84,000	-65.0%	28,487	-54.1%	0.03%	-10.3%
AXAS	New	ABRAXAS PETE CORP COM STK	$74,000	–	14,180	–	0.02%	–
FOMX	New	FOAMIX PHARMACEUTICALS LTD	$66,000	–	12,151	–	0.02%	–
DRYS	New	DRYSHIPS INC COM STK	$31,000	–	12,617	–	0.01%	–
ARCB	Sell	ARKANSAS BEST CORP DELAWARE COM STK	$25,000	-94.4%	695	-96.9%	0.01%	-85.2%
GALE	Exit	GALENA BIOPHARMA INC COM STK	$0	–	-19,777	–	-0.01%	–
TOUSQ	Exit	TOUSA INC COM	$0	–	-31,608	–	-0.01%	–
GERN	Exit	GERON CORP COM STK	$0	–	-22,748	–	-0.01%	–
ARIA	Exit	ARIAD PHARMACEUTICALS INC COM STK	$0	–	-13,935	–	-0.01%	–
LSCC	Exit	LATTICE SEMICONDUCTOR CORP COM STK	$0	–	-11,501	–	-0.01%	–
IO	Exit	ION GEOPHYSICAL CORPCOM STK	$0	–	-24,238	–	-0.01%	–
RPRX	Exit	REPROS THERAPEUTICS INC COM STK	$0	–	-11,217	–	-0.01%	–
ECYT	Exit	ENDOCYTE INC	$0	–	-18,128	–	-0.01%	–
NFX	Exit	NEWFIELD EXPL CO COM STK	$0	–	-21,732	–	-0.02%	–
URI	Exit	UNITED RENTALS INC COM STK	$0	–	-5,700	–	-0.02%	–
VRNT	Exit	VERINT SYS INC COM STK	$0	–	-4,100	–	-0.02%	–
AXL	Exit	AMERICAN AXLE & MFG HLDGS INC COM STK	$0	–	-10,482	–	-0.02%	–
PLXS	Exit	PLEXUS CORP COM STK	$0	–	-11,347	–	-0.02%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-1,637	–	-0.02%	–
RRGB	Exit	RED ROBIN GOURMET BURGERS INC COM STK	$0	–	-1,637	–	-0.02%	–
KBH	Exit	KB HOME COM STK	$0	–	-4,300	–	-0.02%	–
ACOR	Exit	ACORDA THERAPEUTICS INC COM STK	$0	–	-4,500	–	-0.02%	–
TOWR	Exit	TOWER INTERNATIONAL INC	$0	–	-5,624	–	-0.02%	–
PMC	Exit	PHARMERICA CP	$0	–	-11,883	–	-0.02%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$0	–	-2,473	–	-0.02%	–
ZUMZ	Exit	ZUMIEZ INC COM	$0	–	-7,514	–	-0.02%	–
PRGS	Exit	PROGRESS SOFTWARE CORP COM STK	$0	–	-2,430	–	-0.03%	–
R	Exit	RYDER SYSTEM INC COM STK	$0	–	-2,430	–	-0.03%	–
OSK	Exit	OSHKOSH CORP COM STK	$0	–	-12,567	–	-0.03%	–
PTC	Exit	PARAMETRIC TECHNOLOGY CORP COM STK	$0	–	-7,903	–	-0.03%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY INC	$0	–	-14,656	–	-0.03%	–
IMPV	Exit	IMPERVA INC	$0	–	-14,656	–	-0.03%	–
PESXQ	Exit	PIONEER DRILLING CO COM STK	$0	–	-12,567	–	-0.03%	–
REX	Exit	REX STORES CORP COM STK	$0	–	-3,157	–	-0.03%	–
PFPT	Exit	PROOFPOINT INC	$0	–	-29,036	–	-0.03%	–
COLM	Exit	COLUMBIA SPORTSWEAR CO COM STK	$0	–	-12,900	–	-0.03%	–
MYCC	Exit	CLUBCORP HOLDNGS	$0	–	-12,900	–	-0.03%	–
RGR	Exit	STURM RUGER & CO INC COM STK	$0	–	-4,117	–	-0.03%	–
MTX	Exit	MINERALS TECHNOLOGIES INC COM STK	$0	–	-19,371	–	-0.03%	–
KN	Exit	KNOWLES CORP	$0	–	-8,149	–	-0.03%	–
GIII	Exit	G-III APPAREL GROUP LTD COM STK	$0	–	-12,004	–	-0.03%	–
SERV	Exit	SERMASTER GLB HL	$0	–	-11,274	–	-0.03%	–
GSM	Exit	GLOBE SPECIALTY METALS INC COM STK	$0	–	-12,004	–	-0.03%	–
TTWO	Exit	TAKE-TWO INTERACTIVE SOFTWARE COM STK	$0	–	-11,274	–	-0.03%	–
ANGI	Exit	ANGIE's LIST INC	$0	–	-22,166	–	-0.03%	–
HAR	Exit	HARMAN INTERNATIONAL INDUSTRIE COM STK	$0	–	-2,395	–	-0.03%	–
OGS	Exit	ONE GAS INC	$0	–	-6,901	–	-0.03%	–
RXN	Exit	REXNORD CORP	$0	–	-19,569	–	-0.03%	–
HEES	Exit	H AND E EQUIPMENT SERVICES INC COM	$0	–	-2,395	–	-0.03%	–
ALK	Exit	ALASKA AIR GROUP INC COM STK	$0	–	-30,295	–	-0.03%	–
UNTCQ	Exit	UNIT CORP COM STK	$0	–	-11,768	–	-0.03%	–
MU	Exit	MICRON TECHNOLOGY INC COM STK	$0	–	-14,811	–	-0.03%	–
OKE	Exit	ONEOK INC NEW COM STK	$0	–	-3,957	–	-0.03%	–
CRK	Exit	COMSTOCK RES INC COM STK	$0	–	-9,336	–	-0.03%	–
NM	Exit	NAVIOS MARITIME HOLDINGS INC COM STK	$0	–	-3,957	–	-0.03%	–
AIR	Exit	AAR CORP COM STK	$0	–	-26,514	–	-0.03%	–
MRD	Exit	MEMORIAL RESOURCE DEVELOPMENT COM STK	$0	–	-3,385	–	-0.03%	–
SWIR	Exit	SIERRA WIRELESS INC	$0	–	-9,470	–	-0.03%	–
APOL	Exit	APOLLO EDUCATION GROUP INC	$0	–	-6,140	–	-0.03%	–
ALR	Exit	ALERE INC COM STK	$0	–	-7,482	–	-0.03%	–
FDML	Exit	FEDERAL-MOGUL HOLDINGS CORP	$0	–	-20,009	–	-0.04%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INC COM STK	$0	–	-12,073	–	-0.04%	–
J106OPTLDIV	Exit	CBS OUTDR AMERCS	$0	–	-9,140	–	-0.04%	–
KND	Exit	KINDRED HEALTHCARE INC COM STK	$0	–	-9,006	–	-0.04%	–
TWX	Exit	TIME WARNER INC	$0	–	-4,400	–	-0.04%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC COM STK	$0	–	-4,500	–	-0.04%	–
MENT	Exit	MENTOR GRAPHICS CORP COM STK	$0	–	-12,607	–	-0.04%	–
SONS	Exit	SONUS NETWORKS INC COM STK	$0	–	-17,967	–	-0.04%	–
ALJ	Exit	ALON USA ENERGY INC COM	$0	–	-5,574	–	-0.04%	–
CATM	Exit	CARDTRONICS INC	$0	–	-4,304	–	-0.04%	–
MYGN	Exit	MYRIAD GENETICS INC COM STK	$0	–	-9,000	–	-0.04%	–
DDD	Exit	3-D SYSTEMS CORP (DELAWARE) COM STK	$0	–	-21,770	–	-0.04%	–
MTRX	Exit	MATRIX SERVICE CO COM STK	$0	–	-7,178	–	-0.04%	–
ARDX	Exit	ARDELYX INC	$0	–	-8,326	–	-0.04%	–
REXX	Exit	REX ENERGY CORP	$0	–	-16,093	–	-0.05%	–
WLK	Exit	WESTLAKE CHEM	$0	–	-5,046	–	-0.05%	–
SSRI	Exit	SILVER STANDARD RES COM	$0	–	-24,517	–	-0.05%	–
CTCT	Exit	CONSTANT CONTACT INC COM STK	$0	–	-14,496	–	-0.05%	–
BHE	Exit	BENCHMARK ELECTRS INC COM STK	$0	–	-17,414	–	-0.05%	–
LG	Exit	LACLEDE GROUP INC (HOLDING CO) COM STK	$0	–	-9,959	–	-0.06%	–
BAS	Exit	BASIC ENERGY SVCS INC NEW COM STK	$0	–	-16,100	–	-0.06%	–
PRTA	Exit	PROTHENA CORPORATION PLC DUBL COM STK	$0	–	-21,969	–	-0.06%	–
BCRX	Exit	BIOCRYST PHARMACEUTICALS INC COM STK	$0	–	-40,000	–	-0.06%	–
DOV	Exit	DOVER CORP COM STK	$0	–	-5,616	–	-0.06%	–
KFY	Exit	KORN / FERRY INTL COM STK	$0	–	-10,928	–	-0.06%	–
TSL	Exit	TRINA SOLAR LTD	$0	–	-40,406	–	-0.07%	–
IMPR	Exit	IMPRIVATA INC LEXINGTON MA COM STK	$0	–	-41,038	–	-0.07%	–
ACHC	Exit	ACADIA HEALTHCRE	$0	–	-34,300	–	-0.07%	–
	Exit	iSHARES S&P/TSX 60etf	$0	–	-248,000	–	-0.65%	–

Q2 2014

			Value		Shares		↓ Weighting
EEM	New	ISHARES MSCI EMERGING MKT INetf	$586,214,000	–	13,560,388	–	70.74%	–
EFA	New	ISHARES MSCI EAFE INDEX FUNDetf	$55,258,000	–	808,248	–	6.67%	–
IVW	New	iShares CORE S&P 500etf	$54,016,000	–	274,200	–	6.52%	–
GSG	New	iShares GSCI Commodity Indexetf	$27,080,000	–	798,360	–	3.27%	–
IWV	New	ISHARES RUSSELL 3000 INDEXetf	$21,188,000	–	179,960	–	2.56%	–
IWM	New	iSHARES RUSSELL 2000etf	$10,668,000	–	89,800	–	1.29%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$8,274,000	–	42,280	–	1.00%	–
EWC	New	ISHARES MSCI Canadaetf	$6,340,000	–	196,860	–	0.76%	–
	New	iSHARES S&P/TSX 60etf	$5,400,000	–	248,000	–	0.65%	–
OEF	New	ISHARES S&P 100 INDEX FUNDetf	$5,234,000	–	60,490	–	0.63%	–
IQNT	New	INTELIQUENT INC COM STK	$827,000	–	44,583	–	0.10%	–
GME	New	GAMESTOP CORP NEW CL A COM STK	$742,000	–	18,360	–	0.09%	–
TKR	New	TIMKEN CO COM STK	$727,000	–	9,546	–	0.09%	–
EJ	New	E-HOUSE (CHINA) HOLDINGS SHAN ADR	$710,000	–	118,364	–	0.09%	–
BRCD	New	BROCADE COMMUNICATIONS SYSTEM INC COM	$710,000	–	77,218	–	0.09%	–
6100PS	New	BROWN SHOE INC NEW COM STK	$650,000	–	22,786	–	0.08%	–
BR	New	BROADRIDG FIN	$644,000	–	15,506	–	0.08%	–
CALM	New	CAL MAINE FOODS INC COM STK	$626,000	–	9,254	–	0.08%	–
OWW	New	ORBITZ WORLDWIDE INC	$617,000	–	39,923	–	0.07%	–
CHK	New	CHESAPEAKE ENERGY CORP COM STK	$605,000	–	19,040	–	0.07%	–
LEJU	New	LEJU HLD LTD ADR	$596,000	–	38,480	–	0.07%	–
ACHC	New	ACADIA HEALTHCRE	$587,000	–	34,300	–	0.07%	–
ALGN	New	ALIGN TECHNOLOGY INC COM STK	$591,000	–	13,056	–	0.07%	–
IMPR	New	IMPRIVATA INC LEXINGTON MA COM STK	$569,000	–	41,038	–	0.07%	–
TSL	New	TRINA SOLAR LTD	$544,000	–	40,406	–	0.07%	–
EXK	New	ENDEAVOUR SILVER CORP	$541,000	–	99,194	–	0.06%	–
HAWKB	New	BLACKHAWK NETWORK HD-B W/I	$542,000	–	20,228	–	0.06%	–
NOV	New	NATIONAL-OILWELL VARCO INC COM	$539,000	–	7,470	–	0.06%	–
CRUS	New	CIRRUS LOGIC INC COM STK	$530,000	–	19,721	–	0.06%	–
LXK	New	LEXMARK INTERNATIONAL INC CL A COM STK	$526,000	–	10,928	–	0.06%	–
CVEO	New	CIVEO CORP	$525,000	–	21,894	–	0.06%	–
BBY	New	BEST BUY INC COM STK	$520,000	–	16,810	–	0.06%	–
SKX	New	SKECHERS U S A INC CL A COM STK	$525,000	–	9,146	–	0.06%	–
NAVI	New	NAVIENT CORP W/D	$522,000	–	21,712	–	0.06%	–
KFY	New	KORN / FERRY INTL COM STK	$526,000	–	10,928	–	0.06%	–
BCRX	New	BIOCRYST PHARMACEUTICALS INC COM STK	$510,000	–	40,000	–	0.06%	–
EWT	New	ISHARES MSCI TAIWAN INDEX FDetf	$514,000	–	32,600	–	0.06%	–
DOV	New	DOVER CORP COM STK	$510,000	–	5,616	–	0.06%	–
PRTA	New	PROTHENA CORPORATION PLC DUBL COM STK	$497,000	–	21,969	–	0.06%	–
BKS	New	BARNES & NOBLE INC COM STK	$490,000	–	21,506	–	0.06%	–
PVG	New	PRETIUM RESOURCES COM STK	$493,000	–	34,912	–	0.06%	–
THRX	New	THERAVANCE	$483,000	–	13,570	–	0.06%	–
SANM	New	SANMINA-SCI CORP COM STK	$474,000	–	14,318	–	0.06%	–
BAS	New	BASIC ENERGY SVCS INC NEW COM STK	$470,000	–	16,100	–	0.06%	–
NKTR	New	NEKTAR THERAPEUTICS SHS	$476,000	–	45,055	–	0.06%	–
LG	New	LACLEDE GROUP INC (HOLDING CO) COM STK	$471,000	–	9,959	–	0.06%	–
PRIM	New	PRIMORIS SERVICES CORP COM STK	$446,000	–	15,703	–	0.05%	–
SLM	New	SLM CORP COM STK	$448,000	–	34,660	–	0.05%	–
DEPO	New	DEPOMED INC COM STK	$444,000	–	32,080	–	0.05%	–
ARCB	New	ARKANSAS BEST CORP DELAWARE COM STK	$450,000	–	22,261	–	0.05%	–
AMKR	New	AMKOR TECHNOLOGY INC COM STK	$445,000	–	32,648	–	0.05%	–
BHE	New	BENCHMARK ELECTRS INC COM STK	$442,000	–	17,414	–	0.05%	–
HRC	New	HILL-ROM HOLDINGS COM STK	$439,000	–	4,969	–	0.05%	–
HY	New	HYSTR YL MRL HND	$439,000	–	4,969	–	0.05%	–
CTCT	New	CONSTANT CONTACT INC COM STK	$434,000	–	14,496	–	0.05%	–
WLK	New	WESTLAKE CHEM	$422,000	–	5,046	–	0.05%	–
SSRI	New	SILVER STANDARD RES COM	$419,000	–	24,517	–	0.05%	–
REXX	New	REX ENERGY CORP	$416,000	–	16,093	–	0.05%	–
TUP	New	TUPPERWARE BRANDS CORPORATION COM STK	$413,000	–	9,987	–	0.05%	–
FOE	New	FERRO CORP COM STK	$406,000	–	32,386	–	0.05%	–
PPC	New	PILGRIMS PRIDE	$389,000	–	14,239	–	0.05%	–
ARDX	New	ARDELYX INC	$362,000	–	8,326	–	0.04%	–
MUSA	New	MURPHY USA INC.	$350,000	–	7,178	–	0.04%	–
MTRX	New	MATRIX SERVICE CO COM STK	$350,000	–	7,178	–	0.04%	–
DNOW	New	NOW INC	$325,000	–	9,000	–	0.04%	–
MATX	New	MATSON INC	$321,000	–	11,966	–	0.04%	–
MYGN	New	MYRIAD GENETICS INC COM STK	$325,000	–	9,000	–	0.04%	–
DDD	New	3-D SYSTEMS CORP (DELAWARE) COM STK	$324,000	–	21,770	–	0.04%	–
TIME	New	TIME INC	$322,000	–	13,300	–	0.04%	–
MENT	New	MENTOR GRAPHICS CORP COM STK	$316,000	–	12,607	–	0.04%	–
CATM	New	CARDTRONICS INC	$319,000	–	4,304	–	0.04%	–
ALJ	New	ALON USA ENERGY INC COM	$312,000	–	5,574	–	0.04%	–
NTUS	New	NATUS MEDICAL INC DEL COM	$316,000	–	12,607	–	0.04%	–
SONS	New	SONUS NETWORKS INC COM STK	$312,000	–	17,967	–	0.04%	–
SWKS	New	SKYWORKS SOLUTIONS INC COM STK	$305,000	–	4,500	–	0.04%	–
CBS	New	CBS CORP NEW CL B COM STK	$307,000	–	4,950	–	0.04%	–
TWX	New	TIME WARNER INC	$309,000	–	4,400	–	0.04%	–
KND	New	KINDRED HEALTHCARE INC COM STK	$302,000	–	9,006	–	0.04%	–
LE	New	LANDS END INC COM STK	$302,000	–	9,006	–	0.04%	–
J106OPTLDIV	New	CBS OUTDR AMERCS	$298,000	–	9,140	–	0.04%	–
CLDPQ	New	CLOUD PEAK ENERGY INC COM STK	$302,000	–	12,073	–	0.04%	–
FDML	New	FEDERAL-MOGUL HOLDINGS CORP	$293,000	–	20,009	–	0.04%	–
FSS	New	FEDERAL SIGNAL CORP COM STK	$293,000	–	20,009	–	0.04%	–
ALR	New	ALERE INC COM STK	$279,000	–	7,482	–	0.03%	–
SWIR	New	SIERRA WIRELESS INC	$282,000	–	9,470	–	0.03%	–
MRD	New	MEMORIAL RESOURCE DEVELOPMENT COM STK	$278,000	–	3,385	–	0.03%	–
ANIK	New	ANIKA THERAPEUTICS INC COM STK	$284,000	–	6,140	–	0.03%	–
APOL	New	APOLLO EDUCATION GROUP INC	$284,000	–	6,140	–	0.03%	–
TRN	New	TRINITY INDS INC COM STK	$270,000	–	6,198	–	0.03%	–
AIR	New	AAR CORP COM STK	$275,000	–	26,514	–	0.03%	–
UNTCQ	New	UNIT CORP COM STK	$265,000	–	11,768	–	0.03%	–
AFFX	New	AFFYMETRIX INC COM STK	$269,000	–	30,295	–	0.03%	–
LOGM	New	LOGMEIN INC	$263,000	–	5,659	–	0.03%	–
MU	New	MICRON TECHNOLOGY INC COM STK	$262,000	–	14,811	–	0.03%	–
ALK	New	ALASKA AIR GROUP INC COM STK	$269,000	–	30,295	–	0.03%	–
CRK	New	COMSTOCK RES INC COM STK	$269,000	–	9,336	–	0.03%	–
OKE	New	ONEOK INC NEW COM STK	$269,000	–	3,957	–	0.03%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$262,000	–	31,755	–	0.03%	–
NM	New	NAVIOS MARITIME HOLDINGS INC COM STK	$269,000	–	3,957	–	0.03%	–
OGS	New	ONE GAS INC	$260,000	–	6,901	–	0.03%	–
OIS	New	OIL STS INTL INC COM STK	$261,000	–	4,085	–	0.03%	–
HAR	New	HARMAN INTERNATIONAL INDUSTRIE COM STK	$257,000	–	2,395	–	0.03%	–
HEES	New	H AND E EQUIPMENT SERVICES INC COM	$257,000	–	2,395	–	0.03%	–
KALU	New	KAISER ALUM CORP COM STK	$258,000	–	3,545	–	0.03%	–
RXN	New	REXNORD CORP	$261,000	–	19,569	–	0.03%	–
SERV	New	SERMASTER GLB HL	$250,000	–	11,274	–	0.03%	–
GIII	New	G-III APPAREL GROUP LTD COM STK	$249,000	–	12,004	–	0.03%	–
MTX	New	MINERALS TECHNOLOGIES INC COM STK	$248,000	–	19,371	–	0.03%	–
KN	New	KNOWLES CORP	$250,000	–	8,149	–	0.03%	–
GSM	New	GLOBE SPECIALTY METALS INC COM STK	$249,000	–	12,004	–	0.03%	–
TTWO	New	TAKE-TWO INTERACTIVE SOFTWARE COM STK	$250,000	–	11,274	–	0.03%	–
ANGI	New	ANGIE's LIST INC	$247,000	–	22,166	–	0.03%	–
JCOM	New	J2 GLOBAL COMMUNICATONS INC COM STK	$250,000	–	8,149	–	0.03%	–
COLM	New	COLUMBIA SPORTSWEAR CO COM STK	$239,000	–	12,900	–	0.03%	–
MYCC	New	CLUBCORP HOLDNGS	$239,000	–	12,900	–	0.03%	–
PFPT	New	PROOFPOINT INC	$241,000	–	29,036	–	0.03%	–
NX	New	QUANEX BUILDING PRODUCTS CORP COM	$240,000	–	62,044	–	0.03%	–
RGR	New	STURM RUGER & CO INC COM STK	$242,000	–	4,117	–	0.03%	–
SQNM	New	SEQUENOM INC	$240,000	–	62,044	–	0.03%	–
REX	New	REX STORES CORP COM STK	$231,000	–	3,157	–	0.03%	–
PTC	New	PARAMETRIC TECHNOLOGY CORP COM STK	$227,000	–	7,903	–	0.03%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY INC	$226,000	–	14,656	–	0.03%	–
OSK	New	OSHKOSH CORP COM STK	$220,000	–	12,567	–	0.03%	–
PESXQ	New	PIONEER DRILLING CO COM STK	$220,000	–	12,567	–	0.03%	–
IMPV	New	IMPERVA INC	$226,000	–	14,656	–	0.03%	–
PRGS	New	PROGRESS SOFTWARE CORP COM STK	$214,000	–	2,430	–	0.03%	–
R	New	RYDER SYSTEM INC COM STK	$214,000	–	2,430	–	0.03%	–
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC CL A COM	$206,000	–	2,473	–	0.02%	–
KBH	New	KB HOME COM STK	$208,000	–	4,300	–	0.02%	–
ZUMZ	New	ZUMIEZ INC COM	$207,000	–	7,514	–	0.02%	–
PMC	New	PHARMERICA CP	$210,000	–	11,883	–	0.02%	–
RPXC	New	RPX CORP	$210,000	–	11,883	–	0.02%	–
RRGB	New	RED ROBIN GOURMET BURGERS INC COM STK	$206,000	–	1,637	–	0.02%	–
SBNY	New	SIGNATURE BANK	$206,000	–	1,637	–	0.02%	–
ACOR	New	ACORDA THERAPEUTICS INC COM STK	$204,000	–	4,500	–	0.02%	–
TOWR	New	TOWER INTERNATIONAL INC	$207,000	–	5,624	–	0.02%	–
PLXS	New	PLEXUS CORP COM STK	$200,000	–	11,347	–	0.02%	–
AXL	New	AMERICAN AXLE & MFG HLDGS INC COM STK	$198,000	–	10,482	–	0.02%	–
VRNT	New	VERINT SYS INC COM STK	$201,000	–	4,100	–	0.02%	–
URI	New	UNITED RENTALS INC COM STK	$181,000	–	5,700	–	0.02%	–
PGTI	New	PGT INC COM STK	$184,000	–	21,732	–	0.02%	–
NFX	New	NEWFIELD EXPL CO COM STK	$184,000	–	21,732	–	0.02%	–
HA	New	HAWAIIAN HLDGS INC COM STK	$170,000	–	12,463	–	0.02%	–
ZLTQ	New	ZELTIQ AESTHETICS INC	$161,000	–	10,606	–	0.02%	–
ECYT	New	ENDOCYTE INC	$119,000	–	18,128	–	0.01%	–
IO	New	ION GEOPHYSICAL CORPCOM STK	$102,000	–	24,238	–	0.01%	–
RPRX	New	REPROS THERAPEUTICS INC COM STK	$97,000	–	11,217	–	0.01%	–
ARIA	New	ARIAD PHARMACEUTICALS INC COM STK	$88,000	–	13,935	–	0.01%	–
LSCC	New	LATTICE SEMICONDUCTOR CORP COM STK	$94,000	–	11,501	–	0.01%	–
GERN	New	GERON CORP COM STK	$73,000	–	22,748	–	0.01%	–
TOUSQ	New	TOUSA INC COM	$69,000	–	31,608	–	0.01%	–
GALE	New	GALENA BIOPHARMA INC COM STK	$60,000	–	19,777	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
CBB	Exit	CINCINNATI BELL INC COM STK	$0	–	-12,259	–	-0.01%	–
BTG	Exit	B2GOLD CORP COM STK	$0	–	-21,870	–	-0.01%	–
TOUSQ	Exit	TOUSA INC COM	$0	–	-31,608	–	-0.01%	–
HL	Exit	HECLA MNG CO COM STK	$0	–	-28,367	–	-0.02%	–
AMKR	Exit	AMKOR TECHNOLOGY INC COM STK	$0	–	-27,793	–	-0.02%	–
SQNM	Exit	SEQUENOM INC	$0	–	-46,094	–	-0.02%	–
RFMD	Exit	RF MICRO DEVICES INC COM STK	$0	–	-23,800	–	-0.03%	–
NR	Exit	NEWPARK RESOURCES INC COM STK	$0	–	-11,360	–	-0.03%	–
CQB	Exit	CHIQUITA BRANDS INTL INC COM STK	$0	–	-10,940	–	-0.03%	–
RAD	Exit	RITE AID CORP COM STK	$0	–	-30,693	–	-0.03%	–
GTE	Exit	GRAN TIERRA ENERGY INC COM STK	$0	–	-21,322	–	-0.03%	–
UNTD	Exit	UNITED ONLINE INC COM STK	$0	–	-19,728	–	-0.03%	–
BGFV	Exit	BIG 5 SPORTING GOODS CORP COM STK	$0	–	-10,036	–	-0.03%	–
ENTG	Exit	ENTEGRIS INC COM STK	$0	–	-16,780	–	-0.03%	–
XLS	Exit	EXELIS INC - W/I	$0	–	-11,175	–	-0.03%	–
OWW	Exit	ORBITZ WORLDWIDE INC	$0	–	-18,873	–	-0.04%	–
CALL	Exit	MAGICJACK VOCALTEC LTD COM STK	$0	–	-15,373	–	-0.04%	–
PLXS	Exit	PLEXUS CORP COM STK	$0	–	-5,405	–	-0.04%	–
SFUN	Exit	SOUFUN HOLDINGS LTD-ADR	$0	–	-3,910	–	-0.04%	–
GIII	Exit	G-III APPAREL GROUP LTD COM STK	$0	–	-3,855	–	-0.04%	–
LXK	Exit	LEXMARK INTERNATIONAL INC CL A COM STK	$0	–	-6,425	–	-0.04%	–
HUN	Exit	HUNTSMAN CORP COM STK	$0	–	-10,323	–	-0.04%	–
VC	Exit	Visteon Corporation COMMON STOCK	$0	–	-2,887	–	-0.04%	–
VSH	Exit	VISHAY INTERTECHNLGYINC	$0	–	-16,945	–	-0.04%	–
6100PS	Exit	BROWN SHOE INC NEW COM STK	$0	–	-9,655	–	-0.04%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL COM STK	$0	–	-2,826	–	-0.04%	–
BIG	Exit	BIG LOTS INC COM STK	$0	–	-6,098	–	-0.04%	–
EWT	Exit	ISHARES MSCI TAIWAN INDEX FDetf	$0	–	-16,300	–	-0.04%	–
SVM	Exit	SILVERCORP METAL	$0	–	-72,871	–	-0.05%	–
HP	Exit	HELMERICH & PAYNE INC COM STK	$0	–	-3,831	–	-0.05%	–
GME	Exit	GAMESTOP CORP NEW CL A COM STK	$0	–	-5,323	–	-0.05%	–
WLK	Exit	WESTLAKE CHEM	$0	–	-2,523	–	-0.05%	–
ALR	Exit	ALERE INC COM STK	$0	–	-9,128	–	-0.05%	–
MATX	Exit	MATSON INC	$0	–	-10,728	–	-0.05%	–
CLGX	Exit	CORELOGIC	$0	–	-10,437	–	-0.05%	–
HTHT	Exit	CHINA LODGING GROUP LTD-SPON ADR	$0	–	-14,792	–	-0.05%	–
HSNI	Exit	HSN INC	$0	–	-5,473	–	-0.06%	–
ENDP	Exit	ENDO PHARMACEUTICALS HLDGS INC COM STK	$0	–	-6,395	–	-0.06%	–
LL	Exit	LUMBER LIQUIDATORS HLDGS COM STK	$0	–	-3,192	–	-0.06%	–
RGR	Exit	STURM RUGER & CO INC COM STK	$0	–	-5,374	–	-0.06%	–
BRCD	Exit	BROCADE COMMUNICATIONS SYSTEM INC COM	$0	–	-42,550	–	-0.07%	–
KALU	Exit	KAISER ALUM CORP COM STK	$0	–	-5,017	–	-0.07%	–
MSA	Exit	MINE SAFETY APPLIANCES CO COM STK	$0	–	-7,351	–	-0.07%	–
CTRP	Exit	CTRIP.COM INTERNATIONAL LTD ADR	$0	–	-6,536	–	-0.07%	–
SGY	Exit	STONE ENERGY CORP COM STK	$0	–	-12,155	–	-0.08%	–
CSOD	Exit	CORNERSTONE ONDEMAND INC	$0	–	-8,756	–	-0.09%	–
TUP	Exit	TUPPERWARE BRANDS CORPORATION COM STK	$0	–	-5,411	–	-0.09%	–
OEF	Exit	ISHARES S&P 100 INDEX FUNDetf	$0	–	-36,285	–	-0.52%	–
GSG	Exit	iShares GSCI Commodity Indexetf	$0	–	-102,260	–	-0.64%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-21,140	–	-0.68%	–
IWV	Exit	ISHARES RUSSELL 3000 INDEXetf	$0	–	-96,360	–	-1.87%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUNDetf	$0	–	-992,049	–	-12.16%	–
EEM	Exit	ISHARES MSCI EMERGING MKT INetf	$0	–	-10,480,712	–	-82.06%	–

Q3 2013

			Value		Shares		↓ Weighting
EEM	Buy	ISHARES MSCI EMERGING MKT INetf	$427,141,000	+18.1%	10,480,712	+10.5%	82.06%	+7.1%
EFA	Sell	ISHARES MSCI EAFE INDEX FUNDetf	$63,293,000	-4.5%	992,049	-14.4%	12.16%	-13.4%
IWV	Buy	ISHARES RUSSELL 3000 INDEXetf	$9,745,000	+55.5%	96,360	+47.3%	1.87%	+41.0%
TUP	Sell	TUPPERWARE BRANDS CORPORATION COM STK	$467,000	-10.9%	5,411	-19.8%	0.09%	-18.9%
CSOD	Buy	CORNERSTONE ONDEMAND INC	$450,000	+39.8%	8,756	+17.9%	0.09%	+26.5%
CTRP	New	CTRIP.COM INTERNATIONAL LTD ADR	$381,000	–	6,536	–	0.07%	–
KALU	New	KAISER ALUM CORP COM STK	$357,000	–	5,017	–	0.07%	–
BRCD	Buy	BROCADE COMMUNICATIONS SYSTEM INC COM	$342,000	+70.1%	42,550	+22.0%	0.07%	+53.5%
RGR	New	STURM RUGER & CO INC COM STK	$336,000	–	5,374	–	0.06%	–
LL	New	LUMBER LIQUIDATORS HLDGS COM STK	$340,000	–	3,192	–	0.06%	–
ENDP	New	ENDO PHARMACEUTICALS HLDGS INC COM STK	$290,000	–	6,395	–	0.06%	–
HSNI	Buy	HSN INC	$293,000	+2.4%	5,473	+2.9%	0.06%	-8.2%
HTHT	New	CHINA LODGING GROUP LTD-SPON ADR	$280,000	–	14,792	–	0.05%	–
MATX	New	MATSON INC	$281,000	–	10,728	–	0.05%	–
WLK	Buy	WESTLAKE CHEM	$264,000	+12.8%	2,523	+3.8%	0.05%	+2.0%
HP	New	HELMERICH & PAYNE INC COM STK	$264,000	–	3,831	–	0.05%	–
GME	Sell	GAMESTOP CORP NEW CL A COM STK	$264,000	-39.7%	5,323	-49.0%	0.05%	-45.2%
SVM	Buy	SILVERCORP METAL	$238,000	+24.6%	72,871	+7.6%	0.05%	+15.0%
6100PS	New	BROWN SHOE INC NEW COM STK	$226,000	–	9,655	–	0.04%	–
BIG	New	BIG LOTS INC COM STK	$226,000	–	6,098	–	0.04%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL COM STK	$222,000	–	2,826	–	0.04%	–
VC	New	Visteon Corporation COMMON STOCK	$218,000	–	2,887	–	0.04%	–
VSH	Buy	VISHAY INTERTECHNLGYINC	$218,000	+43.4%	16,945	+54.3%	0.04%	+31.2%
HUN	New	HUNTSMAN CORP COM STK	$212,000	–	10,323	–	0.04%	–
LXK	New	LEXMARK INTERNATIONAL INC CL A COM STK	$212,000	–	6,425	–	0.04%	–
GIII	New	G-III APPAREL GROUP LTD COM STK	$210,000	–	3,855	–	0.04%	–
CALL	Buy	MAGICJACK VOCALTEC LTD COM STK	$197,000	-1.5%	15,373	+8.9%	0.04%	-9.5%
SFUN	Sell	SOUFUN HOLDINGS LTD-ADR	$200,000	-29.3%	3,910	-65.3%	0.04%	-36.7%
PLXS	New	PLEXUS CORP COM STK	$200,000	–	5,405	–	0.04%	–
OWW	New	ORBITZ WORLDWIDE INC	$181,000	–	18,873	–	0.04%	–
XLS	New	EXELIS INC - W/I	$175,000	–	11,175	–	0.03%	–
ENTG	Sell	ENTEGRIS INC COM STK	$170,000	-4.0%	16,780	-11.1%	0.03%	-10.8%
BGFV	New	BIG 5 SPORTING GOODS CORP COM STK	$161,000	–	10,036	–	0.03%	–
UNTD	New	UNITED ONLINE INC COM STK	$157,000	–	19,728	–	0.03%	–
RAD	Buy	RITE AID CORP COM STK	$146,000	+139.3%	30,693	+43.0%	0.03%	+115.4%
CQB	New	CHIQUITA BRANDS INTL INC COM STK	$138,000	–	10,940	–	0.03%	–
NR	Sell	NEWPARK RESOURCES INC COM STK	$143,000	-7.7%	11,360	-19.2%	0.03%	-18.2%
SQNM	New	SEQUENOM INC	$123,000	–	46,094	–	0.02%	–
AMKR	New	AMKOR TECHNOLOGY INC COM STK	$118,000	–	27,793	–	0.02%	–
HL	New	HECLA MNG CO COM STK	$89,000	–	28,367	–	0.02%	–
BTG	New	B2GOLD CORP COM STK	$54,000	–	21,870	–	0.01%	–
CBB	Sell	CINCINNATI BELL INC COM STK	$33,000	-63.3%	12,259	-58.2%	0.01%	-68.4%
PKD	Exit	Parker Drilling	$0	–	-12,777	–	-0.01%	–
	Exit	AMKOR	$0	–	-27,793	–	-0.02%	–
SXC	Exit	Suncoke Energy	$0	–	-10,045	–	-0.03%	–
HW	Exit	Headwaters	$0	–	-15,940	–	-0.03%	–
PBI	Exit	Pitney Bowes	$0	–	-10,691	–	-0.03%	–
PTNR	Exit	Partner Communications	$0	–	-25,505	–	-0.03%	–
SAI	Exit	SAIC Inc	$0	–	-11,495	–	-0.03%	–
	Exit	Alon USA Energy	$0	–	-12,849	–	-0.04%	–
MWA	Exit	Mueller Wtr	$0	–	-30,422	–	-0.04%	–
MED	Exit	Medifast Inc	$0	–	-8,696	–	-0.05%	–
NTCT	Exit	Netscout Sys Inc	$0	–	-10,520	–	-0.05%	–
PPC	Exit	Pilgrims Pride	$0	–	-17,291	–	-0.06%	–
DK	Exit	Delek US	$0	–	-9,634	–	-0.06%	–
EWC	Exit	ishares MSCI Canadaetf	$0	–	-826,165	–	-4.56%	–

Q2 2013

			Value		Shares		↓ Weighting
EEM	New	ishares MSCI EM Indexetf	$361,573,000	–	9,488,882	–	76.60%	–
EFA	New	ishares MSCI EAFEetf	$66,304,000	–	1,158,553	–	14.05%	–
EWC	New	ishares MSCI Canadaetf	$21,521,000	–	826,165	–	4.56%	–
IWV	New	ishares Russell 3000etf	$6,268,000	–	65,420	–	1.33%	–
SPY	New	SP 500 Depositoryetf	$3,388,000	–	21,140	–	0.72%	–
GSG	New	SP GSCI Commodity Indexetf	$3,160,000	–	102,260	–	0.67%	–
OEF	New	ishares SP 100 Indexetf	$2,615,000	–	36,285	–	0.55%	–
TUP	New	Tupperware	$524,000	–	6,748	–	0.11%	–
GME	New	Gamestop Corp	$438,000	–	10,431	–	0.09%	–
MSA	New	Mine Safety Appliances	$342,000	–	7,351	–	0.07%	–
CSOD	New	Cornerstone	$322,000	–	7,427	–	0.07%	–
HSNI	New	HSN Inc	$286,000	–	5,320	–	0.06%	–
SFUN	New	Soufun Holdings	$283,000	–	11,284	–	0.06%	–
DK	New	Delek US	$277,000	–	9,634	–	0.06%	–
SGY	New	Stone Energy	$268,000	–	12,155	–	0.06%	–
PPC	New	Pilgrims Pride	$258,000	–	17,291	–	0.06%	–
CLGX	New	Corelogic	$242,000	–	10,437	–	0.05%	–
WLK	New	Westlake Chem	$234,000	–	2,430	–	0.05%	–
ALR	New	Alere Inc	$224,000	–	9,128	–	0.05%	–
MED	New	Medifast Inc	$224,000	–	8,696	–	0.05%	–
NTCT	New	Netscout Sys Inc	$220,000	–	10,520	–	0.05%	–
EWT	New	ishares MSCI Taiwanetf	$215,000	–	16,300	–	0.05%	–
MWA	New	Mueller Wtr	$210,000	–	30,422	–	0.04%	–
BRCD	New	Brocade Communications	$201,000	–	34,867	–	0.04%	–
CALL	New	Magicjack	$200,000	–	14,121	–	0.04%	–
SVM	New	Silvercorp Metal	$191,000	–	67,718	–	0.04%	–
	New	Alon USA Energy	$186,000	–	12,849	–	0.04%	–
ENTG	New	Entegris	$177,000	–	18,873	–	0.04%	–
SAI	New	SAIC Inc	$160,000	–	11,495	–	0.03%	–
PTNR	New	Partner Communications	$160,000	–	25,505	–	0.03%	–
PBI	New	Pitney Bowes	$157,000	–	10,691	–	0.03%	–
NR	New	Newpark Resources	$155,000	–	14,066	–	0.03%	–
VSH	New	Vishay Inter	$152,000	–	10,979	–	0.03%	–
SXC	New	Suncoke Energy	$141,000	–	10,045	–	0.03%	–
HW	New	Headwaters	$141,000	–	15,940	–	0.03%	–
GTE	New	Gran Tierra	$128,000	–	21,322	–	0.03%	–
RFMD	New	RF Micro Devices	$127,000	–	23,800	–	0.03%	–
	New	AMKOR	$117,000	–	27,793	–	0.02%	–
CBB	New	Cincinnati Bell	$90,000	–	29,339	–	0.02%	–
PKD	New	Parker Drilling	$64,000	–	12,777	–	0.01%	–
RAD	New	Rite Aid	$61,000	–	21,457	–	0.01%	–
TOUSQ	New	TOUSA Inc	$22,000	–	31,608	–	0.01%	–

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