| 1 | Claros Mortgage Trust Inc | 20 467 603 | 48,7 M $ | |
| 2 | SELECT SECTOR SPDR TRUST (THE) | 28 195 | 3,6 M $ | |
| 3 | SPDR Gold Shares | 8 429 | 3,5 M $ | |
| 4 | iShares MSCI USA Momentum Factor ETF | 6 788 | 1,6 M $ | |
| 5 | ISHARES TRUST | 7 283 | 1 M $ | |
| 6 | Vanguard Real Estate ETF | 11 639 | 1 M $ | |
| 7 | iShares Trust | 9 169 | 996,8 k $ | |
| 8 | ISHARES TRUST | 10 233 | 994,9 k $ | |
| 9 | SELECT SECTOR SPDR TRUST (THE) | 8 095 | 855,3 k $ | |
| 10 | iShares Trust | 5 855 | 678,7 k $ | |
| 11 | First Trust Long/Short Equity ETF/US | 8 652 | 600,8 k $ | |
| 12 | State Street SPDR Bloomberg International Corporate Bond ETF | 18 736 | 574,6 k $ | |
| 13 | SELECT SECTOR SPDR TRUST (THE) | 3 642 | 570,4 k $ | |
| 14 | iShares iBoxx USD Investment Grade Corporate Bond ETF | 5 125 | 555,1 k $ | |
| 15 | State Street Energy Select Sector SPDR ETF | 8 913 | 552,2 k $ | |
| 16 | VANGUARD GLOBAL EX-U.S. REAL E VANGUARD GLBL EX-US REAL EST | 12 346 | 535 k $ | |
| 17 | Pacer Trendpilot US Large Cap | 10 333 | 534,3 k $ | |
| 18 | iShares S&P Mid-Cap 400 Value ETF | 4 038 | 522,6 k $ | |
| 19 | SPDR SERIES TRUST | 5 825 | 518,7 k $ | |
| 20 | SELECT SECTOR SPDR TRUST (THE) | 10 218 | 501,6 k $ | |
| 21 | iShares J.P. Morgan EM High Yi | 11 932 | 465,1 k $ | |
| 22 | Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Quality Etf | 6 284 | 461,6 k $ | |
| 23 | SELECT SECTOR SPDR TRUST (THE) | 4 252 | 459 k $ | |
| 24 | iShares 20+ Year Treasury Bond ETF | 5 237 | 454,5 k $ | |
| 25 | VANGUARD MUN BD FD INC | 8 980 | 446,9 k $ | |
| 26 | VANECK ETF TRUST | 25 540 | 443,9 k $ | |
| 27 | SELECT SECTOR SPDR TRUST (THE) | 5 308 | 434,6 k $ | |
| 28 | Vanguard Emerging Markets Government Bond ETF | 6 654 | 433,4 k $ | |
| 29 | ISHARES TRUST | 8 824 | 430,6 k $ | |
| 30 | SELECT SECTOR SPDR TRUST (THE) | 8 488 | 410,5 k $ | |
| 31 | ISHARES TRUST | 4 114 | 389,7 k $ | |
| 32 | VanEck ETF Trust | 8 315 | 385 k $ | |
| 33 | Vanguard Short-term Bond Etf | 4 903 | 383,9 k $ | |
| 34 | VANGUARD WHITEHALL FUNDS | 4 065 | 372,8 k $ | |
| 35 | NYLI Merger Arbitrage ETF | 10 030 | 363 k $ | |
| 36 | GLOBAL X FUNDS | 21 629 | 361,2 k $ | |
| 37 | State Street SPDR Bloomberg High Yield Bond ETF | 3 727 | 353,2 k $ | |
| 38 | SELECT SECTOR SPDR TRUST (THE) | 7 542 | 346,3 k $ | |
| 39 | iShares Trust | 1 653 | 343,2 k $ | |
| 40 | Vanguard Short-Term Corporate Bond ETF | 4 311 | 340,7 k $ | |
| 41 | State Street SPDR FTSE Interna | 8 702 | 339,2 k $ | |
| 42 | VANECK ETF TRUST | 6 749 | 337,3 k $ | |
| 43 | iShares Fallen Angels USD Bond ETF | 12 579 | 332,7 k $ | |
| 44 | iShares 7-10 Year Treasury Bond ETF | 3 463 | 329,9 k $ | |
| 45 | Pacer Trendpilot US Bond ETF | 16 743 | 315,4 k $ | |
| 46 | iMGP DBi Managed Futures Strat | 10 260 | 310 k $ | |
| 47 | GLOBAL X FUNDS | 8 018 | 307,6 k $ | |
| 48 | SELECT SECTOR SPDR TRUST (THE) | 2 054 | 295,4 k $ | |
| 49 | PROSHARES TRUST | 2 602 | 272,4 k $ | |
| 50 | iShares Emerging Markets Divid | 7 814 | 262,9 k $ | |
| 51 | SPDR INDEX SHARES FUNDS | 5 615 | 251,2 k $ | |
| 52 | INVESCO EXCHANGE-TRADED FUND TRUST II | 3 415 | 248,5 k $ | |
| 53 | VANGUARD MALVERN FUNDS | 4 515 | 225,5 k $ | |
| 54 | State Street SPDR Bloomberg 1-10 Year TIPS ETF | 11 679 | 224 k $ | |
| 55 | iShares MSCI Global Min Vol Factor ETF | 1 856 | 218,8 k $ | |
| 56 | ISHARES INC | 3 737 | 204,6 k $ | |
| 57 | iShares MSCI International Quality Factor ETF | 4 503 | 201,8 k $ | |
| 58 | ISHARES TRUST | 4 342 | 200,9 k $ | |
| 59 | ISHARES TRUST | 1 786 | 192,3 k $ | |
| 60 | ISHARES TRUST | 2 615 | 189,2 k $ | |
| 61 | State Street SPDR S&P Emerging Markets Small Cap ETF | 2 663 | 172,3 k $ | |