Chief Executive Officer

0001615774-16-006665.txt : 20160809 0001615774-16-006665.hdr.sgml : 20160809 20160809172055 ACCESSION NUMBER: 0001615774-16-006665 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160809 DATE AS OF CHANGE: 20160809 EFFECTIVENESS DATE: 20160809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Newfound Research LLC CENTRAL INDEX KEY: 0001630806 IRS NUMBER: 263296223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-17093 FILM NUMBER: 161819247 BUSINESS ADDRESS: STREET 1: 425 BOYLSTON STREET STREET 2: 3RD FL CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-531-9773 MAIL ADDRESS: STREET 1: 425 BOYLSTON STREET STREET 2: 3RD FL CITY: BOSTON STATE: MA ZIP: 02116 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001630806 XXXXXXXX 06-30-2016 06-30-2016 false Newfound Research LLC

425 Boylston Street 3rd Fl Boston MA 02116

13F HOLDINGS REPORT 028-17093 Y Newfound Research LLC, a Delaware limited liability company ("Newfound"), is an institutional investment manager which, for the purposes of Section 13(f) of the Securities Exchange Act of 1934 and the rules promulgated thereunder ("Section 13(f)"), exercises investment discretion with respect to certain securities positions. Thomas B. Rosedale, an individual ("Rosedale"), Corey M. Hoffstein, an individual ("Hoffstein"), Daniel J. Sibears, an individual ("Sibears"), Newfound Holdings, LLC, a Delaware limited liability company ("Holdings"), and Sand Hill Cove Management LLC, a Delaware limited liability company ("SandHill"), may each be deemed to exercise investment discretion over the securities reported on this Form 13F for purposes of Section 13(f). Certain of the security positions reported by Newfound are also being reported by Rosedale, Hoffstein, Sibears, Holdings and SandHill. Each of Newfound, Rosedale, Hoffstein, Sibears, Holdings and SandHill disclaim beneficial ownership of the shares reported on this Form 13F by Newfound except to the extent of any pecuniary interest therein. A limited amount of the securities listed in Column 8 of the attached Information Table include shared voting authority. As of June 30, 2016 the aggregate market value of such shares was $297,270.57. Thomas B. Rosedale Chief Executive Officer 617-531-9773 /s/ Thomas B. Rosedale Boston MA 08-09-2016 5 195 95871 1 0001256731 028-17094 Rosedale Thomas B. 2 0001630803 028-17095 Hoffstein Corey 3 0001664630 028-17096 Sibears Daniel J 4 0001664645 028-17097 Sand Hill Cove Management LLC 5 0001630807 028-17098 Newfound Holdings, LLC INFORMATION TABLE 2 infotable.xml iShares ISHARES MORTGAGE REAL ESTATE 464288539 2246 218929 SH OTR 1, 2, 3, 4, 5 218929 0 0 iShares ISHARES GLOBAL ENERGY ETF 464287341 6225 192670 SH OTR 1, 2, 3, 4, 5 192670 0 0 PowerShares POWERSHARES SENIOR LOAN 73936Q769 3452 150299 SH OTR 1, 2, 3, 4, 5 150299 0 0 iShares ISHARES GLOBAL UTILITIES ETF 464288711 7208 146095 SH OTR 1, 2, 3, 4, 5 146095 0 0 iShares ISHARES GLOBAL MATERIALS ETF 464288695 6789 138404 SH OTR 1, 2, 3, 4, 5 138404 0 0 iShares ISHARES GLOBAL TELECOM ETF 464287275 7091 112218 SH OTR 1, 2, 3, 4, 5 112218 0 0 iShares ISHARES GLOBAL INDUSTRIALS E 464288729 6811 98060 SH OTR 1, 2, 3, 4, 5 98060 0 0 PowerShares POWERSHARES EM MKT SOVR DEBT 73936T573 2847 96243 SH OTR 1, 2, 3, 4, 5 96243 0 0 Van Eck MARKET VECTORS EMERGING MARK 57060U522 1630 86390 SH OTR 1, 2, 3, 4, 5 86390 0 0 iShares ISHARES U.S. PREFERRED STOCK ETF 464288687 2887 72376 SH OTR 1, 2, 3, 4, 5 72376 0 0 iShares iShares Global Tech ETF 464287291 7034 72268 SH OTR 1, 2, 3, 4, 5 72268 0 0 iShares ISHARES GLOBAL CONSUMER STAPLES ETF 464288737 7063 70521 SH OTR 1, 2, 3, 4, 5 70521 0 0 iShares ISHARES GLOBAL FINANCIALS ET 464287333 3328 69628 SH OTR 1, 2, 3, 4, 5 69628 0 0 SPDR TECHNOLOGY SELECT SECT SPDR 81369Y803 2070 47739 SH OTR 1, 2, 3, 4, 5 47739 0 0 SPDR SELECT SECTOR SPDRTR MATLS 81369Y100 2025 43701 SH OTR 1, 2, 3, 4, 5 43701 0 0 SPDR SECTOR SPDR TR SHS BEN INT UTILITIES 81369Y886 2174 41441 SH OTR 1, 2, 3, 4, 5 41441 0 0 iShares ISHARES GLOBAL CONSUMER DISC 464288745 3310 39225 SH OTR 1, 2, 3, 4, 5 39225 0 0 SPDR SPDR BARCLAYS CONV SEC ETF 78464A359 1670 38087 SH OTR 1, 2, 3, 4, 5 38087 0 0 SPDR CONSUMER STAPLES SPDR 81369Y308 2092 37928 SH OTR 1, 2, 3, 4, 5 37928 0 0 SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 2032 36273 SH OTR 1, 2, 3, 4, 5 36273 0 0 iShares ISHARES INTERNATIONAL SELECT 464288448 788 27519 SH OTR 1, 2, 3, 4, 5 27519 0 0 iShares ISHARES IBOXX HI YD CP BD ETF 464288513 2177 25708 SH OTR 1, 2, 3, 4, 5 25708 0 0 iShares ISHARES GLOBAL HEALTHCARE ET 464287325 2574 25484 SH OTR 1, 2, 3, 4, 5 25484 0 0 SPDR CONSUMER DISCRETIONARY SELT 81369Y407 1983 25407 SH OTR 1, 2, 3, 4, 5 25407 0 0 SPDR SECTOR SPDR TR SHS BEN INT EN 81369y506 1521 22287 SH OTR 1, 2, 3, 4, 5 22287 0 0 JPMorgan JPMORGAN CHASE & CO ALERIAN ML ETF 46625H365 580 18218 SH OTR 1, 2, 3, 4, 5 18218 0 0 iShares ISHARES IBOXX $ INVEST GR CORP BD 464287242 2184 17791 SH OTR 1, 2, 3, 4, 5 17791 0 0 Vanguard VANGUARD HIGH DVD YIELD ETF 921946406 1005 14064 SH OTR 1, 2, 3, 4, 5 14064 0 0 Vanguard VANGUARD GLBL EX-US REAL EST 922042676 597 11035 SH OTR 1, 2, 3, 4, 5 11035 0 0 Vanguard VANGUARD REIT VIPER 922908553 820 9248 SH OTR 1, 2, 3, 4, 5 9248 0 0 iShares ISHARES 20+ YEAR TREASURY BO 464287432 726 5227 SH OTR 1, 2, 3, 4, 5 5227 0 0 Van Eck MARKET VECTORS ETF TR 57060U878 101 3119 SH OTR 1, 2, 3, 4, 5 3119 0 0 iShares ISHARES TR FLTG RATENT ETF 46429B655 49 971 SH OTR 1, 2, 3, 4, 5 971 0 0 ProShares IQ MERGER ARBITRAGE ETF 45409B800 24 858 SH OTR 1, 2, 3, 4, 5 858 0 0 PowerShares POWERSHARES S&P SC ENERGY 73937B704 14 855 SH OTR 1, 2, 3, 4, 5 855 0 0 iShares ISHARES MSCI USA MINIMUM VOL 46429B697 36 777 SH OTR 1, 2, 3, 4, 5 777 0 0 PowerShares POWERSHARES S&P SC MATERIALS 73937B852 27 776 SH OTR 1, 2, 3, 4, 5 776 0 0 WisdomTree WISDOMTREE BBG USD BULLISH 97717W471 20 748 SH OTR 1, 2, 3, 4, 5 748 0 0 ProShares PROSHARES HEDGE REPLICAT ETF 74347X294 30 709 SH OTR 1, 2, 3, 4, 5 709 0 0 PowerShares POWERSHARES S&P SC UTILITIES 73937B837 29 590 SH OTR 1, 2, 3, 4, 5 590 0 0 PowerShares POWERSHARES S&P SC INDUSTRIA 73937B878 27 586 SH OTR 1, 2, 3, 4, 5 586 0 0 WisdomTree WISDOMTREE MGD FUTURES STRAT 97717W125 24 567 SH OTR 1, 2, 3, 4, 5 567 0 0 ProShares PROSHARES S&P500 ARISTOCRATS 74348A467 31 562 SH OTR 1, 2, 3, 4, 5 562 0 0 ALPS ALPS EQ HIGH VOLATILITY PU 00162Q734 10 529 SH OTR 1, 2, 3, 4, 5 529 0 0 ProShares PROSHARES RAFI LONG/SHORT 74347X310 19 483 SH OTR 1, 2, 3, 4, 5 483 0 0 PowerShares POWERSHARES S&P SC INFO TECH 73937B860 27 480 SH OTR 1, 2, 3, 4, 5 480 0 0 PowerShares POWERSHARES S&P SC FINANCIAL 73937B803 20 468 SH OTR 1, 2, 3, 4, 5 468 0 0 Vanguard VANGUARD INT-TERM CORPORATE 92206C870 39 442 SH OTR 1, 2, 3, 4, 5 442 0 0 PowerShares POWERSHARES S&P SC CONS STAP 73937B605 28 432 SH OTR 1, 2, 3, 4, 5 432 0 0 PIMCO PIMCO ETF TR 0-5 YR HIGH YIELD CORP 72201R783 38 390 SH OTR 1, 2, 3, 4, 5 390 0 0 First Trust FIRST TRUST LONG/SHORT EQUITY 33739P103 12 384 SH OTR 1, 2, 3, 4, 5 384 0 0 Barclays IPATH S&P 500 VIX S/T FU ETN 06742E711 5 360 SH OTR 1, 2, 3, 4, 5 360 0 0 iShares ISHARES MSCI USA MOMENTUM 46432F396 27 357 SH OTR 1, 2, 3, 4, 5 357 0 0 Schwab SCHWAB US LARGE-CAP ETF 808524201 18 355 SH OTR 1, 2, 3, 4, 5 355 0 0 PowerShares POWERSHARES S&P SC CONS-DISC 73937B506 13 284 SH OTR 1, 2, 3, 4, 5 284 0 0 Exchanged Traded Concepts ALPHACLONE ALTERNATIVE ALPHA 26922A305 9 275 SH OTR 1, 2, 3, 4, 5 275 0 0 Van Eck MARKET VECTORS INTERMEDIATE 57060U845 7 273 SH OTR 1, 2, 3, 4, 5 273 0 0 Guggenheim GUGGENHEIM S&P 500 PURE VALU 78355W304 14 268 SH OTR 1, 2, 3, 4, 5 268 0 0 iShares ISHARES TR CORE S&P SCP ETF 464287804 30 262 SH OTR 1, 2, 3, 4, 5 262 0 0 PowerShares POWERSHARES S&P SC HEALTH CA 73937B886 17 234 SH OTR 1, 2, 3, 4, 5 234 0 0 Vanguard VANGUARD FTSE ALL-WORLD EX-U 922042775 10 230 SH OTR 1, 2, 3, 4, 5 230 0 0 Vanguard VANGUARD LONG-TERM CORP BOND 92206C813 18 190 SH OTR 1, 2, 3, 4, 5 190 0 0 VelocityShares VELOCITYSHARES INV VIX SH-TM 22542D795 4 173 SH OTR 1, 2, 3, 4, 5 173 0 0 Guggenheim GUGGENHEIM ENHANCED SHORT DU 18383M654 8 162 SH OTR 1, 2, 3, 4, 5 162 0 0 Genworth Financial, Inc. EQUITY 37247D106 0 160 SH OTR 1, 2, 3, 4, 5 160 0 0 Xerox Corporation EQUITY 984121103 2 159 SH OTR 1, 2, 3, 4, 5 159 0 0 PowerShares POWERSHARES MULTISTRAT ETF 73935B870 4 158 SH OTR 1, 2, 3, 4, 5 158 0 0 Staples, Inc. EQUITY 855030102 1 154 SH OTR 1, 2, 3, 4, 5 154 0 0 Ford Motor Co. EQUITY 345370860 2 123 SH OTR 1, 2, 3, 4, 5 123 0 0 IndexIQ IQ HEDGE MULTI-STRAT TRACKER 45409B107 4 123 SH OTR 1, 2, 3, 4, 5 123 0 0 The AES Corporation EQUITY 00130H105 1 115 SH OTR 1, 2, 3, 4, 5 115 0 0 Guggenheim GUGGENHEIM S&P 500 EQUAL WEI 78355W106 9 111 SH OTR 1, 2, 3, 4, 5 111 0 0 Vanguard VANGUARD TOTAL BOND MARKET 921937835 9 110 SH OTR 1, 2, 3, 4, 5 110 0 0 Computer Sciences Corporation EQUITY 205363104 5 109 SH OTR 1, 2, 3, 4, 5 109 0 0 Vanguard VANGUARD S/T CORP BOND ETF 92206C409 6 70 SH OTR 1, 2, 3, 4, 5 70 0 0 Exelon Corporation EQUITY 30161N101 2 67 SH OTR 1, 2, 3, 4, 5 67 0 0 Unum Group EQUITY 91529Y106 2 64 SH OTR 1, 2, 3, 4, 5 64 0 0 GameStop Corp. EQUITY 36467W109 2 64 SH OTR 1, 2, 3, 4, 5 64 0 0 FirstEnergy Corp. EQUITY 337932107 2 58 SH OTR 1, 2, 3, 4, 5 58 0 0 CenturyLink, Inc. EQUITY 156700106 2 56 SH OTR 1, 2, 3, 4, 5 56 0 0 Micron Technology, Inc. EQUITY 595112103 1 54 SH OTR 1, 2, 3, 4, 5 54 0 0 Jabil Circuit Inc. EQUITY 466313103 1 53 SH OTR 1, 2, 3, 4, 5 53 0 0 PIMCO PIMCO ENHANCED SHORT MATURIT 72201R833 5 49 SH OTR 1, 2, 3, 4, 5 49 0 0 Tyson Foods, Inc. EQUITY 902494103 3 49 SH OTR 1, 2, 3, 4, 5 49 0 0 The Goodyear Tire & Rubber Company EQUITY 382550101 1 48 SH OTR 1, 2, 3, 4, 5 48 0 0 XL Group plc EQUITY G98290102 2 47 SH OTR 1, 2, 3, 4, 5 47 0 0 iShares ISHARES - LEHMAN 7-10 YR. TREA 464287440 5 45 SH OTR 1, 2, 3, 4, 5 45 0 0 Archer-Daniels-Midland Company EQUITY 39483102 2 44 SH OTR 1, 2, 3, 4, 5 44 0 0 Assurant Inc. EQUITY 04621X108 4 44 SH OTR 1, 2, 3, 4, 5 44 0 0 Valero Energy Corporation EQUITY 91913Y100 2 43 SH OTR 1, 2, 3, 4, 5 43 0 0 Alcoa Inc. EQUITY 13817101 0 43 SH OTR 1, 2, 3, 4, 5 43 0 0 The Kroger Co. EQUITY 501044101 1 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Vanguard VANGUARD MORTGAGE-BACKED SEC 92206C771 2 40 SH OTR 1, 2, 3, 4, 5 40 0 0 Kohl's Corp. EQUITY 500255104 1 40 SH OTR 1, 2, 3, 4, 5 40 0 0 The Hartford Financial Services Group, Inc. EQUITY 416515104 2 39 SH OTR 1, 2, 3, 4, 5 39 0 0 Lincoln National Corporation EQUITY 534187109 1 38 SH OTR 1, 2, 3, 4, 5 38 0 0 Best Buy Co., Inc. EQUITY 86516101 1 38 SH OTR 1, 2, 3, 4, 5 38 0 0 MetLife, Inc. EQUITY 59156R108 1 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Freeport-McMoRan Inc. EQUITY 35671D857 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Vanguard VANGUARD FTSE ALL WO X-US SC 922042718 3 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Ensco plc EQUITY G3157S106 0 32 SH OTR 1, 2, 3, 4, 5 32 0 0 Macy's, Inc. EQUITY 55616P104 1 32 SH OTR 1, 2, 3, 4, 5 32 0 0 Morgan Stanley EQUITY 617446448 1 31 SH OTR 1, 2, 3, 4, 5 31 0 0 General Motors Company EQUITY 37045V100 1 30 SH OTR 1, 2, 3, 4, 5 30 0 0 Owens-Illinois, Inc. EQUITY 690768403 1 29 SH OTR 1, 2, 3, 4, 5 29 0 0 Wal-Mart Stores Inc. EQUITY 931142103 2 27 SH OTR 1, 2, 3, 4, 5 27 0 0 The Allstate Corporation EQUITY 20002101 2 27 SH OTR 1, 2, 3, 4, 5 27 0 0 Prudential Financial, Inc. EQUITY 744320102 2 24 SH OTR 1, 2, 3, 4, 5 24 0 0 R.R. Donnelley & Sons Company EQUITY 279765101 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 American International Group, Inc. EQUITY 26874784 1 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Anthem, Inc. EQUITY 94973V107 3 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Aetna Inc. EQUITY 00817Y108 3 23 SH OTR 1, 2, 3, 4, 5 23 0 0 PulteGroup, Inc. EQUITY 745867101 0 23 SH OTR 1, 2, 3, 4, 5 23 0 0 Entergy Corporation EQUITY 29364G103 2 22 SH OTR 1, 2, 3, 4, 5 22 0 0 Tesoro Corporation EQUITY 881609101 2 22 SH OTR 1, 2, 3, 4, 5 22 0 0 Ryder System, Inc. EQUITY 783549108 1 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Express Scripts Holding Company EQUITY 30219G108 2 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Leidos Holdings, Inc. EQUITY 525327102 1 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Western Digital Corporation EQUITY 958102105 1 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Loews Corporation EQUITY 540424108 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Bed Bath & Beyond Inc. EQUITY 75896100 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Principal Financial Group Inc. EQUITY 74251V102 1 18 SH OTR 1, 2, 3, 4, 5 18 0 0 CVS Health Corporation EQUITY 126650100 2 18 SH OTR 1, 2, 3, 4, 5 18 0 0 L-3 Communications Holdings Inc. EQUITY 502424104 2 16 SH OTR 1, 2, 3, 4, 5 16 0 0 Dean Foods Company EQUITY 242370203 0 15 SH OTR 1, 2, 3, 4, 5 15 0 0 Johnson Controls Inc. EQUITY 478366107 1 15 SH OTR 1, 2, 3, 4, 5 15 0 0 The Travelers Companies, Inc. EQUITY 894E113 2 15 SH OTR 1, 2, 3, 4, 5 15 0 0 CF Industries Holdings, Inc. EQUITY 125269100 0 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Delta Air Lines, Inc. EQUITY 247361702 1 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Jacobs Engineering Group Inc. EQUITY 469814107 1 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Quanta Services, Inc. EQUITY 748E106 0 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Capital One Financial Corporation EQUITY 14040H105 1 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Citigroup Inc. EQUITY 172967424 1 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Tenet Healthcare Corp. EQUITY 88033G407 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Textron Inc. EQUITY 883203101 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 DeVry Education Group Inc. EQUITY 251893103 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Lexmark International Inc. EQUITY 529771107 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Target Corp. EQUITY 876E110 1 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Walgreens Boots Alliance, Inc. EQUITY 957638109 1 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Southwest Airlines Co. EQUITY 844741108 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Marathon Petroleum Corporation EQUITY 56585A102 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Whirlpool Corp. EQUITY 963320106 2 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Aflac Incorporated EQUITY 1055102 1 9 SH OTR 1, 2, 3, 4, 5 9 0 0 International Paper Company EQUITY 460146103 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 UnitedHealth Group Incorporated EQUITY 91324P102 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 DR Horton Inc. EQUITY 23331A109 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Cigna Corp. EQUITY 125509109 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Quest Diagnostics Inc. EQUITY 74834L100 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Seagate Technology Public Limited Company EQUITY G7945M107 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 United Continental Holdings, Inc. EQUITY 910047109 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 FedEx Corporation EQUITY 31428X106 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Humana Inc. EQUITY 444859102 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Torchmark Corporation EQUITY 891027104 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 The Goldman Sachs Group, Inc. EQUITY 38141G104 1 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Cardinal Health, Inc. EQUITY 14149Y108 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Phillips 66 EQUITY 718546104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 NetApp, Inc. EQUITY 64110D104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Lennar Corporation EQUITY 526057104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 AutoNation, Inc. EQUITY 05329W102 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 The Mosaic Company EQUITY 61945C103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Big Lots Inc. EQUITY 89302103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Eastman Chemical Co. EQUITY 277432100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Fossil Group, Inc. EQUITY 349882100 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Laboratory Corp. of America Holdings EQUITY 50540R409 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Legg Mason Inc. EQUITY 524901105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 TEGNA Inc. EQUITY 87901J105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Abercrombie & Fitch Co. EQUITY 2896207 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 PVH Corp. EQUITY 693656100 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 CBRE Group, Inc. EQUITY 12504L109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Eaton Corporation plc EQUITY G29183103 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Foot Locker, Inc. EQUITY 344849104 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 J. C. Penney Company, Inc. EQUITY 708160106 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 McKesson Corporation EQUITY 58155Q103 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 United Rentals, Inc. EQUITY 911363109 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Viacom, Inc. EQUITY 92553P201 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Invesco Ltd. EQUITY 46127U104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Cummins Inc. EQUITY 231021106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Ameriprise Financial, Inc. EQUITY 03076C106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Pentair plc EQUITY H6169Q108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Discover Financial Services EQUITY 254709108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Harman International Industries, Incorporated EQUITY 413086109 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 BorgWarner Inc. EQUITY 99724106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Lam Research Corporation EQUITY 512807108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 American Airlines Group Inc. EQUITY 02376R102 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Centene Corp. EQUITY 15135B101 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Discovery Communications, Inc. EQUITY 25470F104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 The Dow Chemical Company EQUITY 260543103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 iShares ISHARES SELECT DIVIDEND ETF 464287168 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Fluor Corporation EQUITY 343412102 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Twenty-First Century Fox, Inc. EQUITY 90130A101 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 The Gap, Inc. EQUITY 364760108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Nucor Corporation EQUITY 670346105 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 PowerShares POWERSHARES EXCH TRADED FD TST II S&P 500 73937B779 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 SPDR SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 iShares ISHARES 1-3 YR TRS BD ETF 464287457 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0