| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| LALT PowerShares Exchange-Traded Fund Trust II | 36.76 mm | 189.73 k shares | 15.92 | Common equity | Long | USA |
|
ISHARES SELECT D
|
35.55 mm | 273.25 k shares | 15.39 | Common equity | Long | USA |
| Select Sector SPDR Trust | 35.08 mm | 234.46 k shares | 15.19 | Common equity | Long | USA |
| Select Sector SPDR Trust | 31.88 mm | 342.07 k shares | 13.80 | Common equity | Long | USA |
| Select Sector SPDR Trust | 24.03 mm | 330.14 k shares | 10.40 | Common equity | Long | USA |
| PIMCO ETF Trust | 20.87 mm | 792.71 k shares | 9.04 | Common equity | Long | USA |
| Select Sector SPDR Trust | 12.28 mm | 56.14 k shares | 5.32 | Common equity | Long | USA |
| VBK Vanguard Small Cap Growth Index Fund | 12.00 mm | 47.56 k shares | 5.20 | Common equity | Long | USA |
| Select Sector SPDR Trust | 11.29 mm | 145.04 k shares | 4.89 | Common equity | Long | USA |
|
ISHARES LATIN AM
|
9.90 mm | 399.27 k shares | 4.29 | Common equity | Long | USA |
| BBH SWEEP VEHICLE | 1.44 mm | 1.44 mm principal | 0.62 | Short-term investment vehicle | Long | USA |
