| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| SPY SPDR S&P 500 ETF Trust | 3.80 mm | 6.99 k shares | 22.92 | Long | USA | |
| SCHF Schwab International Equity ETF | 1.88 mm | 29.25 k shares | 11.33 | Long | USA | |
| ISHARES U S TELECOMMUNICATIONS ETF | 1.83 mm | 84.47 k shares | 11.06 | Long | USA | |
| XME SPDR S&P Metals and Mining ETF | 1.82 mm | 13.03 k shares | 10.99 | Long | USA | |
| Powershares Exchange Traded Fund Trust | 1.78 mm | 10.84 k shares | 10.73 | Long | USA | |
| XME SPDR S&P Metals and Mining ETF | 1.77 mm | 38.16 k shares | 10.67 | Long | USA | |
| ISHARES RUSSELL 1000 ETF | 1.74 mm | 5.85 k shares | 10.49 | Long | USA | |
| XME SPDR S&P Metals and Mining ETF | 1.65 mm | 6.66 k shares | 9.94 | Long | USA |
