Chief Executive Officer

0001615774-17-006121.txt : 20171101 0001615774-17-006121.hdr.sgml : 20171101 20171101141128 ACCESSION NUMBER: 0001615774-17-006121 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171101 DATE AS OF CHANGE: 20171101 EFFECTIVENESS DATE: 20171101 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: 171168412 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 09-30-2017 09-30-2017 false Newfound Research LLC

425 Boylston Street 3rd Fl Boston MA 02116

13F HOLDINGS REPORT 028-17093 Y The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any other person (including Other Managers or Other Included Managers named herein) is the beneficial owner of any securities. 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 disclaims 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 September 30, 2017, the aggregate market value of such shares was $254,099.58. Thomas B. Rosedale Chief Executive Officer 617-531-9773 /s/ Thomas B. Rosedale Boston MA 10-31-2017 5 231 174644 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 PowerShares POWERSHARES SENIOR LOAN 73936Q769 15399 664914 SH OTR 1, 2, 3, 4, 5 664914 0 0 iShares ISHARES IBOXX HI YD CP BD ETF 464288513 8200 92388 SH OTR 1, 2, 3, 4, 5 92388 0 0 iShares ISHARES U.S. PREFERRED STOCK ETF 464288687 7367 189823 SH OTR 1, 2, 3, 4, 5 189823 0 0 PowerShares POWERSHARES EM MKT SOVR DEBT 73936T573 7083 237915 SH OTR 1, 2, 3, 4, 5 237915 0 0 iShares ISHARES MORTGAGE REAL ESTATE 464288539 6705 143144 SH OTR 1, 2, 3, 4, 5 143144 0 0 iShares ISHARES GLOBAL MATERIALS ETF 464288695 6247 95536 SH OTR 1, 2, 3, 4, 5 95536 0 0 iShares ISHARES GLOBAL FINANCIALS ET 464287333 6099 91405 SH OTR 1, 2, 3, 4, 5 91405 0 0 iShares ISHARES GLOBAL INDUSTRIALS E 464288729 6007 67566 SH OTR 1, 2, 3, 4, 5 67566 0 0 iShares iShares Global Tech ETF 464287291 5987 42052 SH OTR 1, 2, 3, 4, 5 42052 0 0 iShares ISHARES GLOBAL HEALTHCARE ET 464287325 5938 52804 SH OTR 1, 2, 3, 4, 5 52804 0 0 iShares ISHARES GLOBAL CONSUMER DISC 464288745 5927 58204 SH OTR 1, 2, 3, 4, 5 58204 0 0 iShares ISHARES GLOBAL CONSUMER STAPLES ETF 464288737 5854 57494 SH OTR 1, 2, 3, 4, 5 57494 0 0 iShares ISHARES GLOBAL TELECOM ETF 464287275 5725 94816 SH OTR 1, 2, 3, 4, 5 94816 0 0 iShares ISHARES GLOBAL UTILITIES ETF 464288711 5635 111175 SH OTR 1, 2, 3, 4, 5 111175 0 0 iShares ISHARES IBOXX $ INVEST GR CORP BD 464287242 5383 44399 SH OTR 1, 2, 3, 4, 5 44399 0 0 Van Eck MARKET VECTORS EMERGING MARK 57060U522 4879 254109 SH OTR 1, 2, 3, 4, 5 254109 0 0 SPDR SPDR BARCLAYS CONV SEC ETF 78464A359 4093 80142 SH OTR 1, 2, 3, 4, 5 80142 0 0 Vanguard VANGUARD GLBL EX-US REAL EST 922042676 3773 63507 SH OTR 1, 2, 3, 4, 5 63507 0 0 PowerShares POWERSHARES GLOBAL ETF FD S&P 500 BUYWRT 73936G308 3769 169458 SH OTR 1, 2, 3, 4, 5 169458 0 0 Vanguard VANGUARD HIGH DVD YIELD ETF 921946406 3252 40111 SH OTR 1, 2, 3, 4, 5 40111 0 0 Vanguard VANGUARD REIT VIPER 922908553 2879 34645 SH OTR 1, 2, 3, 4, 5 34645 0 0 SPDR SELECT SECTOR SPDRTR MATLS 81369Y100 2878 50672 SH OTR 1, 2, 3, 4, 5 50672 0 0 SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 2825 39788 SH OTR 1, 2, 3, 4, 5 39788 0 0 SPDR SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2800 108264 SH OTR 1, 2, 3, 4, 5 108264 0 0 SPDR TECHNOLOGY SELECT SECT SPDR 81369Y803 2799 47361 SH OTR 1, 2, 3, 4, 5 47361 0 0 SPDR SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2790 34132 SH OTR 1, 2, 3, 4, 5 34132 0 0 SPDR CONSUMER DISCRETIONARY SELT 81369Y407 2676 29702 SH OTR 1, 2, 3, 4, 5 29702 0 0 SPDR SECTOR SPDR TR SHS BEN INT UTILITIES 81369Y886 2538 47843 SH OTR 1, 2, 3, 4, 5 47843 0 0 SPDR CONSUMER STAPLES SPDR 81369Y308 2402 44492 SH OTR 1, 2, 3, 4, 5 44492 0 0 Fidelity FIDELITY MSCI FINANCIALS INDEX ETF 316092501 2401 63232 SH OTR 1, 2, 3, 4, 5 63232 0 0 Fidelity FIDELITY MSCI HEALTH CARE INDEX ETF 316092600 2331 58995 SH OTR 1, 2, 3, 4, 5 58995 0 0 Vanguard VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF 921946794 2254 34318 SH OTR 1, 2, 3, 4, 5 34318 0 0 Fidelity FIDELITY MSCI MATERIALS INDEX ETF 316092881 2227 67499 SH OTR 1, 2, 3, 4, 5 67499 0 0 Fidelity FIDELITY MSCI UTILITIES INDEX ETF 316092865 2219 64259 SH OTR 1, 2, 3, 4, 5 64259 0 0 Fidelity FIDELITY MSCI INDUSTRIALS INDEX ETF 316092709 2185 59803 SH OTR 1, 2, 3, 4, 5 59803 0 0 Fidelity FIDELITY MSCI CONSUMER DISCRETIONARY INDEX ETF 316092204 2041 56909 SH OTR 1, 2, 3, 4, 5 56909 0 0 Van Eck VANECK VECTORS PREFERRED SECURITIES EX FINANCIALS ETF 92189F429 2039 101550 SH OTR 1, 2, 3, 4, 5 101550 0 0 Fidelity FIDELITY MSCI CONSUMER STAPLES INDEX ETF 316092303 2017 62237 SH OTR 1, 2, 3, 4, 5 62237 0 0 iShares ISHARES 20+ YEAR TREASURY BO 464287432 1684 13495 SH OTR 1, 2, 3, 4, 5 13495 0 0 Fidelity FIDELITY MSCI INFORMATION TECH INDEX ETF 316092808 1571 34042 SH OTR 1, 2, 3, 4, 5 34042 0 0 Recon Capital RECON CAPITAL NASDAQ 100 COVERED CALL ETF 75623U102 1255 52524 SH OTR 1, 2, 3, 4, 5 52524 0 0 iShares ISHARES INTERNATIONAL SELECT 464288448 1015 30066 SH OTR 1, 2, 3, 4, 5 30066 0 0 PowerShares PowerShares Variable Rate Preferred Portfolio 73937B597 519 19932 SH OTR 1, 2, 3, 4, 5 19932 0 0 Fidelity FIDELITY MSCI TELECOM INDEX ETF 316092873 177 5470 SH OTR 1, 2, 3, 4, 5 5470 0 0 iShares ISHARES CONVERTIBLE BOND ETF 46435G102 129 2348 SH OTR 1, 2, 3, 4, 5 2348 0 0 JP Morgan JPMORGAN DISCIPLINED HIGH YIELD ETF 46641Q878 90 1737 SH OTR 1, 2, 3, 4, 5 1737 0 0 PIMCO PIMCO ETF TR 0-5 YR HIGH YIELD CORP 72201R783 55 542 SH OTR 1, 2, 3, 4, 5 542 0 0 PowerShares POWERSHARES S&P SC HEALTH CA 73937B886 26 276 SH OTR 1, 2, 3, 4, 5 276 0 0 PowerShares POWERSHARES S&P SC INFO TECH 73937B860 25 320 SH OTR 1, 2, 3, 4, 5 320 0 0 PowerShares POWERSHARES S&P SC UTILITIES 73937B837 25 464 SH OTR 1, 2, 3, 4, 5 464 0 0 Guggenheim GUGGENHEIM S&P 500 PURE VALU 78355W304 24 396 SH OTR 1, 2, 3, 4, 5 396 0 0 Vanguard VANGUARD TOTAL BOND MARKET 921937835 23 278 SH OTR 1, 2, 3, 4, 5 278 0 0 iShares ISHARES TR CORE S&P SCP ETF 464287804 21 283 SH OTR 1, 2, 3, 4, 5 283 0 0 Schwab SCHWAB US LARGE-CAP ETF 808524201 21 347 SH OTR 1, 2, 3, 4, 5 347 0 0 PowerShares POWERSHARES S&P SC INDUSTRIA 73937B878 19 309 SH OTR 1, 2, 3, 4, 5 309 0 0 iShares ISHARES MSCI USA MINIMUM VOL 46429B697 18 363 SH OTR 1, 2, 3, 4, 5 363 0 0 PowerShares POWERSHARES S&P SC FINANCIAL 73937B803 16 300 SH OTR 1, 2, 3, 4, 5 300 0 0 iShares ISHARES MSCI USA MOMENTUM 46432F396 16 164 SH OTR 1, 2, 3, 4, 5 164 0 0 ProShares PROSHARES S&P500 ARISTOCRATS 74348A467 16 263 SH OTR 1, 2, 3, 4, 5 263 0 0 PowerShares POWERSHARES S&P SC CONS STAP 73937B605 15 210 SH OTR 1, 2, 3, 4, 5 210 0 0 Vanguard VANGUARD FTSE ALL-WORLD EX-U 922042775 12 229 SH OTR 1, 2, 3, 4, 5 229 0 0 Van Eck MARKET VECTORS ETF TR 57060U878 11 364 SH OTR 1, 2, 3, 4, 5 364 0 0 iShares ISHARES TR FLTG RATENT ETF 46429B655 11 214 SH OTR 1, 2, 3, 4, 5 214 0 0 Guggenheim GUGGENHEIM S&P 500 EQUAL WEI 78355W106 11 112 SH OTR 1, 2, 3, 4, 5 112 0 0 ProShares PROSHARES HEDGE REPLICAT ETF 74347X294 8 169 SH OTR 1, 2, 3, 4, 5 169 0 0 iShares ISHARES - LEHMAN 7-10 YR. TREA 464287440 6 52 SH OTR 1, 2, 3, 4, 5 52 0 0 Vanguard VANGUARD FTSE ALL WO X-US SC 922042718 4 36 SH OTR 1, 2, 3, 4, 5 36 0 0 Anthem, Inc. EQUITY 94973V107 4 22 SH OTR 1, 2, 3, 4, 5 22 0 0 PIMCO PIMCO INCOME FUND CLASS D 72201F458 4 329 SH OTR 1, 2, 3, 4, 5 329 0 0 Newfound Research NEWFOUND MULTI-ASSET INCOME FUND CLASS A 66538G825 4 405 SH OTR 1, 2, 3, 4, 5 405 0 0 BlackRock BLACKROCK MULTI-ASSET INCOME PORTFOLIO CLASS A 09256H351 4 367 SH OTR 1, 2, 3, 4, 5 367 0 0 GlobalX GLOBALX SCIENTIFIC BETA U.S. ETF 37954Y103 4 136 SH OTR 1, 2, 3, 4, 5 136 0 0 Assurant Inc. EQUITY 04621X108 4 41 SH OTR 1, 2, 3, 4, 5 41 0 0 IndexIQ IQ HEDGE MULTI-STRAT TRACKER 45409B107 4 129 SH OTR 1, 2, 3, 4, 5 129 0 0 JP Morgan JPMORGAN DIVERSIFIED RETURN INTERNATIONAL EQUITY ETF 46641Q209 4 63 SH OTR 1, 2, 3, 4, 5 63 0 0 The Allstate Corporation EQUITY 020002101 4 39 SH OTR 1, 2, 3, 4, 5 39 0 0 ProShares IQ MERGER ARBITRAGE ETF 45409B800 3 112 SH OTR 1, 2, 3, 4, 5 112 0 0 PowerShares POWERSHARES MULTISTRAT ETF 73935B870 3 160 SH OTR 1, 2, 3, 4, 5 160 0 0 JP Morgan JPMORGAN DIVERSIFIED RETURN U.S. EQUITY ETF 46641Q407 3 49 SH OTR 1, 2, 3, 4, 5 49 0 0 Aetna Inc. EQUITY 00817Y108 3 20 SH OTR 1, 2, 3, 4, 5 20 0 0 Unum Group EQUITY 91529Y106 3 63 SH OTR 1, 2, 3, 4, 5 63 0 0 Vanguard VANGUARD INT-TERM CORPORATE 92206C870 3 36 SH OTR 1, 2, 3, 4, 5 36 0 0 Vanguard VANGUARD INTERMEDIATE-TERM GOVERNMENT BOND ETF 92206C706 3 49 SH OTR 1, 2, 3, 4, 5 49 0 0 Vanguard VANGUARD LONG-TERM CORP BOND 92206C813 3 33 SH OTR 1, 2, 3, 4, 5 33 0 0 Wal-Mart Stores Inc. EQUITY 931142103 3 39 SH OTR 1, 2, 3, 4, 5 39 0 0 WisdomTree WISDOMTREE MGD FUTURES STRAT 97717W125 3 78 SH OTR 1, 2, 3, 4, 5 78 0 0 Exelon Corporation EQUITY 30161N101 3 80 SH OTR 1, 2, 3, 4, 5 80 0 0 Newfound Research NEWFOUND RISK MANAGED GLOBAL SECTORS FUND CLASS A 66538G700 3 274 SH OTR 1, 2, 3, 4, 5 274 0 0 Tyson Foods, Inc. EQUITY 902494103 3 41 SH OTR 1, 2, 3, 4, 5 41 0 0 Valero Energy Corporation EQUITY 91913Y100 3 37 SH OTR 1, 2, 3, 4, 5 37 0 0 The Travelers Companies, Inc. EQUITY 89417E109 3 22 SH OTR 1, 2, 3, 4, 5 22 0 0 PowerShares POWERSHARES S&P SC MATERIALS 73937B852 3 54 SH OTR 1, 2, 3, 4, 5 54 0 0 Prudential Financial, Inc. EQUITY 744320102 3 24 SH OTR 1, 2, 3, 4, 5 24 0 0 WisdomTree WISDOMTREE BBG USD BULLISH 97717W471 2 96 SH OTR 1, 2, 3, 4, 5 96 0 0 XL Group plc EQUITY G98290102 2 62 SH OTR 1, 2, 3, 4, 5 62 0 0 ProShares PROSHARES RAFI LONG/SHORT 74347X310 2 63 SH OTR 1, 2, 3, 4, 5 63 0 0 Best Buy Co., Inc. EQUITY 086516101 2 41 SH OTR 1, 2, 3, 4, 5 41 0 0 Vanguard VANGUARD TOTAL INTERNATIONAL BOND ETF 92203J407 2 43 SH OTR 1, 2, 3, 4, 5 43 0 0 Lincoln National Corporation EQUITY 534187109 2 32 SH OTR 1, 2, 3, 4, 5 32 0 0 Guggenheim GUGGENHEIM ENHANCED SHORT DU 18383M654 2 46 SH OTR 1, 2, 3, 4, 5 46 0 0 Goldman Sachs GOLDMAN SACHS ACTIVEBETA EMERGING MARKETS EQUITY ETF 381430206 2 68 SH OTR 1, 2, 3, 4, 5 68 0 0 JP Morgan JP MORGAN SYSTEMATIC ALPHA FUND CLASS A 46637K620 2 144 SH OTR 1, 2, 3, 4, 5 144 0 0 L-3 Communications Holdings Inc. EQUITY 502424104 2 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Archer-Daniels-Midland Company EQUITY 039483102 2 49 SH OTR 1, 2, 3, 4, 5 49 0 0 PIMCO PIMCO ENHANCED SHORT MATURIT 72201R833 2 18 SH OTR 1, 2, 3, 4, 5 18 0 0 Kohl's Corp. EQUITY 500255104 2 41 SH OTR 1, 2, 3, 4, 5 41 0 0 FirstEnergy Corp. EQUITY 337932107 2 60 SH OTR 1, 2, 3, 4, 5 60 0 0 iShares ISHARES GOLD TRUST ETF 464285105 2 150 SH OTR 1, 2, 3, 4, 5 150 0 0 The Hartford Financial Services Group, Inc. EQUITY 416515104 2 33 SH OTR 1, 2, 3, 4, 5 33 0 0 First Trust FIRST TRUST LONG/SHORT EQUITY 33739P103 2 49 SH OTR 1, 2, 3, 4, 5 49 0 0 iShares ISHARES CORE US AGGREGATE BOND ETF 464287226 2 16 SH OTR 1, 2, 3, 4, 5 16 0 0 Ryder System, Inc. EQUITY 783549108 2 21 SH OTR 1, 2, 3, 4, 5 21 0 0 Aflac Incorporated EQUITY 001055102 2 21 SH OTR 1, 2, 3, 4, 5 21 0 0 Xerox Corporation EQUITY 984121103 2 50 SH OTR 1, 2, 3, 4, 5 50 0 0 Express Scripts Holding Company EQUITY 30219G108 2 26 SH OTR 1, 2, 3, 4, 5 26 0 0 PowerShares POWERSHARES OPTIMUM YIELD DIVERSIFIED COMMODITY INDEX ETF 73937V106 2 94 SH OTR 1, 2, 3, 4, 5 94 0 0 MetLife, Inc. EQUITY 59156R108 2 30 SH OTR 1, 2, 3, 4, 5 30 0 0 Western Digital Corporation EQUITY 958102105 2 18 SH OTR 1, 2, 3, 4, 5 18 0 0 Andeavor EQUITY 03349M105 2 15 SH OTR 1, 2, 3, 4, 5 15 0 0 The Goldman Sachs Group, Inc. EQUITY 38141G104 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Ford Motor Co. EQUITY 345370860 1 117 SH OTR 1, 2, 3, 4, 5 117 0 0 CenturyLink, Inc. EQUITY 156700106 1 73 SH OTR 1, 2, 3, 4, 5 73 0 0 Exchanged Traded Concepts ALPHACLONE ALTERNATIVE ALPHA 26922A305 1 33 SH OTR 1, 2, 3, 4, 5 33 0 0 FedEx Corporation EQUITY 31428X106 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 The Goodyear Tire & Rubber Company EQUITY 382550101 1 41 SH OTR 1, 2, 3, 4, 5 41 0 0 CVS Health Corporation EQUITY 126650100 1 17 SH OTR 1, 2, 3, 4, 5 17 0 0 Whirlpool Corp. EQUITY 963320106 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 General Motors Company EQUITY 37045V100 1 32 SH OTR 1, 2, 3, 4, 5 32 0 0 WisdomTree WISDOMTREE CARCLAYS YIELD ENHANCED US AGGREGATE BOND ETF 97717X511 1 25 SH OTR 1, 2, 3, 4, 5 25 0 0 Catalyst CATALYST/MILLBURN HEDGE STRATEGY FUND CLASS A 62827P832 1 41 SH OTR 1, 2, 3, 4, 5 41 0 0 American International Group, Inc. EQUITY 026874784 1 21 SH OTR 1, 2, 3, 4, 5 21 0 0 Longboard LONGBOARD MANAGED FUTURES STRATEGY FUND CLASS A 66538A430 1 115 SH OTR 1, 2, 3, 4, 5 115 0 0 Jabil Circuit Inc. EQUITY 466313103 1 42 SH OTR 1, 2, 3, 4, 5 42 0 0 Delta Air Lines, Inc. EQUITY 247361702 1 25 SH OTR 1, 2, 3, 4, 5 25 0 0 The AES Corporation EQUITY 00130H105 1 107 SH OTR 1, 2, 3, 4, 5 107 0 0 Morgan Stanley EQUITY 617446448 1 24 SH OTR 1, 2, 3, 4, 5 24 0 0 WisdomTree WISDOMTREE CBOE S&P 500 PUTWRITE STRATEGY FUND 97717X560 1 39 SH OTR 1, 2, 3, 4, 5 39 0 0 Principal Financial Group Inc. EQUITY 74251V102 1 18 SH OTR 1, 2, 3, 4, 5 18 0 0 GameStop Corp. EQUITY 36467W109 1 54 SH OTR 1, 2, 3, 4, 5 54 0 0 Target Corp. EQUITY 87612E106 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 FlexShares FLEXSHARES CREDIT-SCORED US CORPORATE BOND INDEX ETF 33939L761 1 21 SH OTR 1, 2, 3, 4, 5 21 0 0 PulteGroup, Inc. EQUITY 745867101 1 40 SH OTR 1, 2, 3, 4, 5 40 0 0 iShares ISHARES BARCLAYS TIPS BOND ETF 464287176 1 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Humana Inc. EQUITY 444859102 1 4 SH OTR 1, 2, 3, 4, 5 4 0 0 AlphaCentric ALPHACENTRIC INCOME OPPORTUNITIES FUND CLASS A 62827M169 1 80 SH OTR 1, 2, 3, 4, 5 80 0 0 AT&T EQUITY 00206R102 1 24 SH OTR 1, 2, 3, 4, 5 24 0 0 Arbitrage Funds THE ARBITRAGE FUND CLASS R 03875R106 1 71 SH OTR 1, 2, 3, 4, 5 71 0 0 Loews Corporation EQUITY 540424108 1 19 SH OTR 1, 2, 3, 4, 5 19 0 0 Southwest Airlines Co. EQUITY 844741108 1 16 SH OTR 1, 2, 3, 4, 5 16 0 0 PVH Corp. EQUITY 693656100 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Capital One Financial Corporation EQUITY 14040H105 1 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Leidos Holdings, Inc. EQUITY 525327102 1 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Quanta Services, Inc. EQUITY 74762E102 1 21 SH OTR 1, 2, 3, 4, 5 21 0 0 The Kroger Co. EQUITY 501044101 1 39 SH OTR 1, 2, 3, 4, 5 39 0 0 Centene Corp. EQUITY 15135B101 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 JPMorgan JPMORGAN CHASE & CO ALERIAN ML ETF 46625H365 1 27 SH OTR 1, 2, 3, 4, 5 27 0 0 Macy's, Inc. EQUITY 55616P104 1 34 SH OTR 1, 2, 3, 4, 5 34 0 0 Eastman Chemical Co. EQUITY 277432100 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 United Continental Holdings, Inc. EQUITY 910047109 1 12 SH OTR 1, 2, 3, 4, 5 12 0 0 DR Horton Inc. EQUITY 23331A109 1 18 SH OTR 1, 2, 3, 4, 5 18 0 0 Jacobs Engineering Group Inc. EQUITY 469814107 1 12 SH OTR 1, 2, 3, 4, 5 12 0 0 Bed Bath & Beyond Inc. EQUITY 075896100 1 29 SH OTR 1, 2, 3, 4, 5 29 0 0 Quest Diagnostics Inc. EQUITY 74834L100 1 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Citigroup Inc. EQUITY 172967424 1 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Walgreens Boots Alliance, Inc. EQUITY 957638109 1 8 SH OTR 1, 2, 3, 4, 5 8 0 0 JP Morgan JP MORGAN INCOME BUILDER CLASS A 4812A3288 1 59 SH OTR 1, 2, 3, 4, 5 59 0 0 UnitedHealth Group Incorporated EQUITY 91324P102 1 3 SH OTR 1, 2, 3, 4, 5 3 0 0 McKesson Corporation EQUITY 58155Q103 1 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Genworth Financial, Inc. EQUITY 37247D106 1 160 SH OTR 1, 2, 3, 4, 5 160 0 0 Laboratory Corp. of America Holdings EQUITY 50540R409 1 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Textron Inc. EQUITY 883203101 1 11 SH OTR 1, 2, 3, 4, 5 11 0 0 VelocityShares VELOCITYSHARES INV VIX SH-TM 22542D795 1 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Barclays IPATH S&P 500 VIX S/T FU ETN 06742E711 1 14 SH OTR 1, 2, 3, 4, 5 14 0 0 Marathon Petroleum Corporation EQUITY 56585A102 1 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Freeport-McMoRan Inc. EQUITY 35671D857 0 35 SH OTR 1, 2, 3, 4, 5 35 0 0 Torchmark Corporation EQUITY 891027104 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 International Paper Company EQUITY 460146103 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 Michael Kors Holdings Ltd EQUITY G60754101 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 Lennar Corporation EQUITY 526057104 0 8 SH OTR 1, 2, 3, 4, 5 8 0 0 United Rentals, Inc. EQUITY 911363109 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Signet Jewelers Limited EQUITY G81276100 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 Cardinal Health, Inc. EQUITY 14149Y108 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Foot Locker, Inc. EQUITY 344849104 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Ameriprise Financial, Inc. EQUITY 03076C106 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 The Gap, Inc. EQUITY 364760108 0 10 SH OTR 1, 2, 3, 4, 5 10 0 0 American Airlines Group Inc. EQUITY 02376R102 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 FlexShares FLEXSHARES CREDIT-SCORED US LONG CORPORATE BOND INDEX ETF 33939L753 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 FlexShares FLEXSHARES QUALITY DIVIDEND INDEX ETF 33939L860 0 6 SH OTR 1, 2, 3, 4, 5 6 0 0 FlexShares FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX ETF 33939L837 0 9 SH OTR 1, 2, 3, 4, 5 9 0 0 Seagate Technology Public Limited Company EQUITY G7945M107 0 7 SH OTR 1, 2, 3, 4, 5 7 0 0 Everest Re Group LTD EQUITY G3223R108 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Progressive Corp Ohio EQUITY 743315103 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 Cigna Corp. EQUITY 125509109 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Berkshire Hathaway B EQUITY 084670207 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 NetApp, Inc. EQUITY 64110D104 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Tenet Healthcare Corp. EQUITY 88033G407 0 11 SH OTR 1, 2, 3, 4, 5 11 0 0 Cummins Inc. EQUITY 231021106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Big Lots Inc. EQUITY 089302103 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 Dollar General Corp EQUITY 256677105 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Alask Air Group Inc. EQUITY 011659109 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 CBRE Group, Inc. EQUITY 12504L109 0 4 SH OTR 1, 2, 3, 4, 5 4 0 0 Chubb Corp EQUITY H1467J104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Twenty-First Century Fox, Inc. EQUITY 90130A101 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Leucadia National Corp EQUITY 527288104 0 5 SH OTR 1, 2, 3, 4, 5 5 0 0 Legg Mason Inc. EQUITY 524901105 0 3 SH OTR 1, 2, 3, 4, 5 3 0 0 LyondellBasell Industries EQUITY N57345100 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Ralph Lauren Corp. EQUITY 751212101 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 Nucor Corporation EQUITY 670346105 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Viacom, Inc. EQUITY 92553P201 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Juniper Networks Inc EQUITY 48203R104 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 H&R Block EQUITY 093671105 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 BorgWarner Inc. EQUITY 099724106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Robert Half Intl, Inc. EQUITY 770323103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Urban Outfitters, Inc. EQUITY 917047102 0 2 SH OTR 1, 2, 3, 4, 5 2 0 0 Fluor Corporation EQUITY 343412102 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Newell Rubbermaid Inc. EQUITY 651229106 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Micron Technology, Inc. EQUITY 595112103 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Intel Corp EQUITY 458140100 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Invesco Ltd. EQUITY 46127U104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 LKQ Corporation EQUITY 501889208 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 Fossil Group, Inc. EQUITY 349882100 0 3 SH OTR 1, 2, 3, 4, 5 3 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 Bank of America EQUITY 060505104 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 Discovery Communications, Inc. EQUITY 25470F104 0 1 SH OTR 1, 2, 3, 4, 5 1 0 0 iShares ISHARES 1-3 YR TRS BD ETF 464287457 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 Vanguard VANGUARD S/T CORP BOND ETF 92206C409 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0 Van Eck MARKET VECTORS INTERMEDIATE 57060U845 0 0 SH OTR 1, 2, 3, 4, 5 0 0 0