Senior Analyst

0001680613-19-000008.txt : 20191108 0001680613-19-000008.hdr.sgml : 20191108 20191108152240 ACCESSION NUMBER: 0001680613-19-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191108 DATE AS OF CHANGE: 20191108 EFFECTIVENESS DATE: 20191108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Almanack Investment Partners, LLC. CENTRAL INDEX KEY: 0001680613 IRS NUMBER: 474701502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-17983 FILM NUMBER: 191203833 BUSINESS ADDRESS: STREET 1: 656 E SWEDESFORD ROAD STREET 2: SUITE 301 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 484-580-2277 MAIL ADDRESS: STREET 1: 656 E SWEDESFORD ROAD STREET 2: SUITE 301 CITY: WAYNE STATE: PA ZIP: 19087 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001680613 XXXXXXXX 09-30-2019 09-30-2019 Almanack Investment Partners, LLC.

656 E SWEDESFORD ROAD SUITE 301 WAYNE PA 19087

13F HOLDINGS REPORT 028-17983 N Daniel Guy Senior Analyst 484-580-2273 Daniel C Guy Wayne PA 11-08-2019 0 230 515763 false INFORMATION TABLE 2 september302019filing1.xml 2019.09.30 13F Vanguard Extended Duration Treasury ETF ETF 921910709 27533 193832 SH SOLE 0 0 193832 Gadsden Dynamic Multi Asset ETF ETF 26922A354 26658 1031825 SH SOLE 0 0 1031825 Schwab Value Advantage Money FD Ultra Shares MF 808515696 21788 21787968 SH SOLE 0 0 21787968 Schwab US Large-Cap ETF ETF 808524201 21112 297644 SH SOLE 0 0 297644 Schwab Variable Share Price Money Fund Ultra MF 808515597 19200 19193985 SH SOLE 0 0 19193985 iShares 20 Year Treasury Bond ETF 464287432 18667 130468 SH SOLE 0 0 130468 Schwab US Broad Market ETF ETF 808524102 18595 261832 SH SOLE 0 0 261832 Gadsden Dynamic Growth ETF ETF 26922A362 17567 715563 SH SOLE 0 0 715563 Aberdeen STD Gold (etf TR PHYSCL Swiss GLD) ETF 00326A104 14254 100416 SH SOLE 0 0 100416 SCHWAB EMERGING MARKETS ETF 808524706 14235 566469 SH SOLE 0 0 566469 iShares 10-20 Year Tsury Bond ETF ETF 464288653 13670 91448 SH SOLE 0 0 91448 Vanguard Total Stock Market ETF ETF 922908769 12590 83377 SH SOLE 0 0 83377 Schwab US Large-Cap Value ETF ETF 808524409 10399 183312 SH SOLE 0 0 183312 Ishars Edg MSCI USA QLTY FCTR ETF ETF 46432F339 10184 110221 SH SOLE 0 0 110221 SCHWAB INTERNATIONAL ETF 808524805 9920 311376 SH SOLE 0 0 311376 iShares Edge MSCI USA Momentum Factor ETF ETF 46432F396 9439 79154 SH SOLE 0 0 79154 JPMorgan Ultra Short Income ETF ETF 46641Q837 8792 173984 SH SOLE 0 0 173984 Schwab Intermediate Term US TRS ETF ETF 808524854 8785 158123 SH SOLE 0 0 158123 T. Rowe Price Equity Income Fund N/L MF 779547108 7723 243154 SH SOLE 0 0 243154 SPDR S&P Global Natural Resourcs ETF ETF 78463X541 7350 170664 SH SOLE 0 0 170664 Invesco Buyback Achievers ETF ETF 46137V308 7114 113681 SH SOLE 0 0 113681 Schwab US Large-Cap Growth ETF ETF 808524300 7003 83363 SH SOLE 0 0 83363 Invesco Exchange (traded FD TR Dwa Momentum) ETF 46137V837 6909 113442 SH SOLE 0 0 113442 Schwab Value Advantage MF 808515605 6538 6537651 SH SOLE 0 0 6537651 Invesco S&P Midcap Low Volatility ETF ETF 46138E198 6087 115707 SH SOLE 0 0 115707 Vanguard Short-Term TIPS ETF 922020805 5986 122033 SH SOLE 0 0 122033 iShares Edge MSCI Min ETF 46429B697 5864 91485 SH SOLE 0 0 91485 Vanguard Utilities ETF ETF 92204A876 5777 39971 SH SOLE 0 0 39971 iShares TIPS Bond ETF 464287176 5558 47796 SH SOLE 0 0 47796 Vanguard Intermediate Term Gov ETF ETF 92206C706 5154 77306 SH SOLE 0 0 77306 Vaneck Vectors Emerging ETF 92189F353 4923 212379 SH SOLE 0 0 212379 PIMCO 15 Year US TIPS ETF ETF 72201R304 4859 66082 SH SOLE 0 0 66082 SPDR Gold Shares ETF 78463V107 4635 33377 SH SOLE 0 0 33377 iShares MSCI Emerging Markets ETF 464287234 4534 110944 SH SOLE 0 0 110944 Fidelity 500 Index FD-Ai MF 315911750 4518 43475 SH SOLE 0 0 43475 Lord Abbett Short MF 543916688 4486 1065507 SH SOLE 0 0 1065507 Consumer Staples Select Sector SPDR ETF ETF 81369Y308 3740 60897 SH SOLE 0 0 60897 Vaneck Vectors J P Morgan Emerging MKTS Loc ETF 92189F494 3620 109699 SH SOLE 0 0 109699 Charles Schwab US REIT ETF ETF 808524847 3333 70655 SH SOLE 0 0 70655 Vanguard Health Care ETF ETF 92204A504 3034 18026 SH SOLE 0 0 18026 Schwab Short Term US Treasury ETF ETF 808524862 2858 56493 SH SOLE 0 0 56493 Apple Inc COM 037833100 2808 12539 SH SOLE 0 0 12539 Amazon Com Inc COM 023135106 2731 1573 SH SOLE 0 0 1573 Vanguard Long-Term Treasury ETF ETF 92206C847 2630 30000 SH SOLE 0 0 30000 Exxon Mobil Corp COM 30231G102 2382 33729 SH SOLE 0 0 33729 Laudus MF 51855Q549 2366 107425 SH SOLE 0 0 107425 Schwab US TIPS ETF ETF 808524870 2314 40771 SH SOLE 0 0 40771 JPMorgan Chase & Co COM 46625H100 2113 17957 SH SOLE 0 0 17957 iShares Emerging Markets Dividend ETF ETF 464286319 2023 54060 SH SOLE 0 0 54060 iShares iBoxx $ Invst Grade Crp Bond ETF 464287242 1858 14575 SH SOLE 0 0 14575 iShares Currency Hedged MSCI Emerg Mkts COM 46434G509 1856 75379 SH SOLE 0 0 75379 iShares S&P Mid-Cap 400 Value ETF 464287705 1745 10910 SH SOLE 0 0 10910 Schwab Government Money Fund Investor Shares MF 808515613 1722 1722242 SH SOLE 0 0 1722242 Vanguard Emerging MKT COM 921946885 1686 20917 SH SOLE 0 0 20917 Invesco Defensive Equity ETF ETF 46138J775 1424 26266 SH SOLE 0 0 26266 Schwab US Dividend ETF 808524797 1420 25915 SH SOLE 0 0 25915 iShares MSCI India Index ETF ETF 46429B598 1376 40974 SH SOLE 0 0 40974 Vanguard Short Term Government ETF ETF 92206C102 1285 21089 SH SOLE 0 0 21089 Vanguard Dividend Appreciation ETF ETF 921908844 1210 10117 SH SOLE 0 0 10117 iShares MSCI Brazil Small Cap ETF COM 464289131 1205 70000 SH SOLE 0 0 70000 iShares 7-10 Year Treasury Bond ETF 464287440 1185 10534 SH SOLE 0 0 10534 Microsoft Corp COM 594918104 1184 8518 SH SOLE 0 0 8518 Schwab Fundamental US Broad MKT ETF ETF 808524789 1178 30096 SH SOLE 0 0 30096 Sharespost 100 FD A Common MF 81951Q101 1153 39588 SH SOLE 0 0 39588 Rydex Consumer Products Inv MF 783554793 1098 17370 SH SOLE 0 0 17370 Endo Intl PLC COM G30401106 1050 327200 SH SOLE 0 0 327200 Janus Henderson Forty MF 471021865 1040 29168 SH SOLE 0 0 29168 American FD Growth FD Of MF 399874106 1027 20848 SH SOLE 0 0 20848 iShares US Medical ETF 464288810 1012 4092 SH SOLE 0 0 4092 PIMCO Vit Total Return MF 693390700 993 49560 SH SOLE 0 0 49560 Schwab US Aggregate Bond ETF 808524839 990 18389 SH SOLE 0 0 18389 PIMCO Vit International Bond US Dollar Hedged MF 693390882 985 47122 SH SOLE 0 0 47122 Invesco V.I. Mid Cap Core Equity MF 00141M630 977 39493 SH SOLE 0 0 39493 BlackRock Equity Dividend MF 09251M108 976 42189 SH SOLE 0 0 42189 Bank Of America Corp COM 060505104 959 32861 SH SOLE 0 0 32861 iShares Core US Treasury COM 46429B267 939 35686 SH SOLE 0 0 35686 Vanguard Growth MF 922908504 939 46080 SH SOLE 0 0 46080 Rydex VT S&P Smallcap 600 Pure Value MF 78355E577 916 47544 SH SOLE 0 0 47544 Invesco S&P Midcap 400 Rev ETF ETF 46138G672 910 15283 SH SOLE 0 0 15283 Rydex Banking Fund Inv MF 783554868 903 11467 SH SOLE 0 0 11467 Vaneck Vectors High Yield Mun Index ETF New ETF 92189H409 884 13717 SH SOLE 0 0 13717 Vaneck Vectors JR Gold Miners ETF ETF 92189F791 870 24000 SH SOLE 0 0 24000 Nextera Energy Inc COM 65339F101 844 3624 SH SOLE 0 0 3624 First Trust Preferred Sec Income ETF ETF 33739E108 821 41602 SH SOLE 0 0 41602 Invesco Exchng (traded FD TR II PFD Etf) ETF 46138E511 816 54317 SH SOLE 0 0 54317 Cisco Systems Inc COM 17275R102 815 16503 SH SOLE 0 0 16503 Invesco Actively (managd ETF TR Ultra SHRT Dur) ETF 46090A887 784 15559 SH SOLE 0 0 15559 T Rowe Price DIV GWTH FD Inv MF 779546100 780 15453 SH SOLE 0 0 15453 Pioneer Multi Asset Ultrashort Incm Y MF 72388E605 779 78371 SH SOLE 0 0 78371 Freedom 100 Emerging Markets ETF ETF 02072L607 772 30359 SH SOLE 0 0 30359 Visa Inc Class A COM 92826C839 748 4349 SH SOLE 0 0 4349 PIMCO Enhanced SHRT Maturty Actv ETF ETF 72201R833 707 6948 SH SOLE 0 0 6948 iShares MSCI Singapore Capped ETF ETF 46434G780 701 30228 SH SOLE 0 0 30228 Invesco Exchange (traded FD TR S&P 500 Top 50) ETF 46137V233 678 3193 SH SOLE 0 0 3193 Deutsche X-trackers Harvest CSI300 CHN A COM 233051879 677 25000 SH SOLE 0 0 25000 Business First COM 12326C105 659 27000 SH SOLE 0 0 27000 SPDR S&P Dividend ETF ETF 78464A763 627 6112 SH SOLE 0 0 6112 T Rowe Price Blue Chip Growth FD Inv MF 77954Q106 620 5434 SH SOLE 0 0 5434 Medtronic PLC COM G5960L103 620 5682 SH SOLE 0 0 5682 SPDR Ser TR Wells (fargo PFD Stock Etf) ETF 78464A292 608 13759 SH SOLE 0 0 13759 iShares US Home Construction ETF COM 464288752 606 14000 SH SOLE 0 0 14000 Costco WHSL Corp New COM 22160K105 603 2092 SH SOLE 0 0 2092 Europacific Growth Fund Class F1 - American Funds N/L MF 298706409 590 11399 SH SOLE 0 0 11399 Square Inc Class A COM 852234103 589 9500 SH SOLE 0 0 9500 Verizon Communicatn COM 92343V104 574 9513 SH SOLE 0 0 9513 iShares MSCI Hong Kong ETF 464286871 568 25000 SH SOLE 0 0 25000 SPDR S&P 500 ETF ETF 78462F103 563 1889 SH SOLE 0 0 1889 ProShares Short S&P 500 ETF 74347B425 563 21444 SH SOLE 0 0 21444 iShares MSCI Thailand ETF ETF 464286624 538 6070 SH SOLE 0 0 6070 Vanguard Primecap Fund Admiral Share MF 921936209 538 3897 SH SOLE 0 0 3897 Home Depot Inc COM 437076102 533 2298 SH SOLE 0 0 2298 Invesco QQQ Trust COM 46090E103 532 2812 SH SOLE 0 0 2812 Johnson & Johnson COM 478160104 528 4082 SH SOLE 0 0 4082 IBM Corp COM 459200101 521 3585 SH SOLE 0 0 3585 Vanguard Small Cap Growth Inde X Admiral MF 921937710 520 8118 SH SOLE 0 0 8118 Etfmg Prime Cyber Sec ETF ETF 26924G201 507 13557 SH SOLE 0 0 13557 Alphabet Inc COM 02079K305 504 413 SH SOLE 0 0 413 iShares Core Dividend COM 46434V621 504 12867 SH SOLE 0 0 12867 iShares U.S. Preferred COM 464288687 467 12442 SH SOLE 0 0 12442 Berkshire Hathaway COM 084670702 465 2233 SH SOLE 0 0 2233 LOCKHEED MARTIN CORP COM 539830109 463 1188 SH SOLE 0 0 1188 Hartford Capital MF 416645406 463 12572 SH SOLE 0 0 12572 Stryker Corp COM 863667101 460 2122 SH SOLE 0 0 2122 W E C Energy Group I COM 92939U106 453 4759 SH SOLE 0 0 4759 Schwab US Small Cap ETF ETF 808524607 447 6415 SH SOLE 0 0 6415 JPM Invest GRWTH & Inc FD - CL I Fund 3556 MF 4812C2825 442 26493 SH SOLE 0 0 26493 Republic SVCS Inc COM 760759100 442 5083 SH SOLE 0 0 5083 iShares Core S&P 500 ETF 464287200 441 1476 SH SOLE 0 0 1476 Jack Henry & Associates Inc COM 426281101 424 2902 SH SOLE 0 0 2902 Mastercard Inc CL A COM 57636Q104 411 1512 SH SOLE 0 0 1512 Glenmede Large Cap Core MF 378690788 398 15090 SH SOLE 0 0 15090 iShares Russell 2000 ETF 464287655 391 2585 SH SOLE 0 0 2585 Zoetis Inc COM 98978V103 390 3132 SH SOLE 0 0 3132 Vanguard Long Term Corporate Bond ETF COM 92206C813 388 3837 SH SOLE 0 0 3837 Wal-Mart Stores Inc COM 931142103 385 3248 SH SOLE 0 0 3248 Cintas Corp COM 172908105 380 1417 SH SOLE 0 0 1417 Intel Corp COM 458140100 378 7339 SH SOLE 0 0 7339 Netflix Inc COM 64110L106 375 1400 SH SOLE 0 0 1400 Money Market Pool MF 808516603 370 343324 SH SOLE 0 0 343324 Vanguard Muni BND Tax Exempt ETF ETF 922907746 367 6848 SH SOLE 0 0 6848 MC Donalds Corp COM 580135101 366 1706 SH SOLE 0 0 1706 Union Pacific Corp COM 907818108 363 2242 SH SOLE 0 0 2242 Texas Pacific Land COM 882610108 352 542 SH SOLE 0 0 542 DuPont De Nemours Inc COM 26614N102 350 4902 SH SOLE 0 0 4902 Paypal Holdings Inco COM 70450Y103 340 3278 SH SOLE 0 0 3278 Air Prods & Chems Inc COM 009158106 339 1519 SH SOLE 0 0 1519 Reality Shares Divcon Leadrs DIV ETF ETF 75605A405 338 9531 SH SOLE 0 0 9531 Digital Realty Trust Inc COM 253868103 331 2552 SH SOLE 0 0 2552 Saratoga James Alpha GBL Real Est Inv I MF 803431410 325 17207 SH SOLE 0 0 17207 Alpha Archtct US Quntv MTNM ETF ETF 02072L409 325 10825 SH SOLE 0 0 10825 First Trust Rising (dividend Achievers Etf) ETF 33738R506 325 10204 SH SOLE 0 0 10204 Invesco Senior Loan ETF ETF 46138G508 320 14172 SH SOLE 0 0 14172 Merck & Co Inc COM 58933Y105 317 3747 SH SOLE 0 0 3747 iShares Core US Aggregate Bond ETF 464287226 316 2790 SH SOLE 0 0 2790 Motorola Solutions COM 620076307 305 1783 SH SOLE 0 0 1783 American Tower REIT Com COM 03027X100 303 1365 SH SOLE 0 0 1365 Target Corporation COM 87612E106 301 2817 SH SOLE 0 0 2817 U G I Corporation COM 902681105 300 5932 SH SOLE 0 0 5932 iShares Short Term NTNL Mun BND ETF ETF 464288158 297 2791 SH SOLE 0 0 2791 Doubleline Core Fixed Incm FD CL N MF 258620400 292 26283 SH SOLE 0 0 26283 Transamerica Cap Growth FD CL I MF 893962175 288 10145 SH SOLE 0 0 10145 A T & T Inc COM 00206R102 287 7593 SH SOLE 0 0 7593 Federated Kaufmann FD CL I MF 31421N873 287 45452 SH SOLE 0 0 45452 iShares MSCI India Small Cap ETF ETF 46429B614 286 8141 SH SOLE 0 0 8141 Vanguard Total Stock MKT Index FD Admiral Share MF 922908728 286 3886 SH SOLE 0 0 3886 T Rowe Price Health Sciences Fund Inv MF 741480107 285 3926 SH SOLE 0 0 3926 ProShares Short QQQ ETF 74347B714 284 10206 SH SOLE 0 0 10206 Schwab Govt Money Fund MF 808515209 281 281106 SH SOLE 0 0 281106 Kayne Anderson MLP MF 486606106 281 19400 SH SOLE 0 0 19400 BlackRock High Yield Muni FD Inst CL MF 09253C769 274 27340 SH SOLE 0 0 27340 Pfizer Inc COM 717081103 273 7592 SH SOLE 0 0 7592 Sprott Physical Gold Per COM 85207H104 272 23023 SH SOLE 0 0 23023 Invesco Exchng (traded FD TR II S&P500 Low Vol) ETF 46138E354 268 4630 SH SOLE 0 0 4630 Vanguard FTSE Emerging Markets ETF ETF 922042858 268 6650 SH SOLE 0 0 6650 Technology Select Sector SPDR ETF ETF 81369Y803 267 3311 SH SOLE 0 0 3311 Intuit Inc Com COM 461202103 264 993 SH SOLE 0 0 993 Iberiabank Corp Com COM 450828108 258 3392 SH SOLE 0 0 3392 T Rowe PR Summ Muni Int MF 77957N209 256 21104 SH SOLE 0 0 21104 United Technologies COM 913017109 253 1857 SH SOLE 0 0 1857 Comcast Corporation COM 20030N101 248 5493 SH SOLE 0 0 5493 BlackRock Multi Asset MF 09256H336 246 22671 SH SOLE 0 0 22671 Dow Inc COM 260557103 245 5140 SH SOLE 0 0 5140 Vanguard FTSE Developed Markets ETF ETF 921943858 245 5958 SH SOLE 0 0 5958 Novartis AG F COM 66987V109 243 2801 SH SOLE 0 0 2801 Dominion Energy 5.25PFD Due 07/30/76 COM 25746U844 240 9030 SH SOLE 0 0 9030 Sprott Physical Gold & S MF 85208R101 237 16751 SH SOLE 0 0 16751 Unitedhealth GRP Inc COM 91324P102 233 1074 SH SOLE 0 0 1074 WYNN Resorts LTD Com COM 983134107 229 2105 SH SOLE 0 0 2105 L H C Group COM 50187A107 226 1986 SH SOLE 0 0 1986 iShares Silver Trust ETF 46428Q109 225 14133 SH SOLE 0 0 14133 BlackRock Strat Muni Oppty Inst MF 09253E609 224 19103 SH SOLE 0 0 19103 Boeing Co COM 097023105 220 579 SH SOLE 0 0 579 Illinois Tool Works Inc COM 452308109 218 1383 SH SOLE 0 0 1383 Growth Fund Of America Class F1 - American Funds N/L MF 399874403 216 4425 SH SOLE 0 0 4425 Legg Mason Inc 5.45PFD Due 09/15/56 COM 524901600 213 8210 SH SOLE 0 0 8210 L Brands Inc COM 501797104 213 10850 SH SOLE 0 0 10850 American FD American MF 027681402 211 4985 SH SOLE 0 0 4985 Alpha Architect Intl Quan Valu E ETF COM 02072L201 211 7842 SH SOLE 0 0 7842 Nuveen Mun Value FD MF 670928100 210 19939 SH SOLE 0 0 19939 iShares 3-7 Year Trery ETF 464288661 209 1650 SH SOLE 0 0 1650 iShares Aaa A Rated Cor Bond ETF ETF 46429B291 209 3814 SH SOLE 0 0 3814 Disney Walt Company COM 254687106 209 1602 SH SOLE 0 0 1602 Vanguard Growth ETF ETF 922908736 209 1255 SH SOLE 0 0 1255 Ollies Bargain Outlet HLDGS Inc COM 681116109 205 3500 SH SOLE 0 0 3500 Vanguard Extended Market Index FD Adm SHRS MF 922908694 204 2314 SH SOLE 0 0 2314 Invesco Optimum Yield Diversified Commodity ETF 46090F100 203 13028 SH SOLE 0 0 13028 Wesbanco Inc COM 950810101 200 5320 SH SOLE 0 0 5320 Mondelez Intl Inc COM 609207105 200 3602 SH SOLE 0 0 3602 SCH NY Muni MMF Investor Shares MF 808508303 197 197000 SH SOLE 0 0 197000 Melco Crown Entertainment LTD Com COM 585464100 195 10039 SH SOLE 0 0 10039 Ab Relative Value FD Adv MF 018597500 193 34725 SH SOLE 0 0 34725 Fidelity Interm MF 31617K303 181 16872 SH SOLE 0 0 16872 Fidelity Adv Strategic Income FD CL I MF 315920801 173 13837 SH SOLE 0 0 13837 Doubleline Total Ret BD-I MF 258620103 156 14502 SH SOLE 0 0 14502 Freeport-Mcmoran Inc COM 35671D857 136 14211 SH SOLE 0 0 14211 Cohen MLP Income And Ene MF 19249B106 135 15000 SH SOLE 0 0 15000 JPM Corp BD FD - Sel MF 46637K554 124 12073 SH SOLE 0 0 12073 Fidelity Floating Rate MF 315916783 119 12587 SH SOLE 0 0 12587 Fidelity Adv High Income Advantage FD A MF 315807826 112 10095 SH SOLE 0 0 10095 Oppenheimer Intl Bond FD CL Y MF 68380T509 108 19935 SH SOLE 0 0 19935 Doubleline Strategic Commodity FD N MF 258620723 102 11241 SH SOLE 0 0 11241 Lord Abbett BD MF 544004609 81 10093 SH SOLE 0 0 10093 Sprott PHYS Silver TR F COM 85207K107 66 10500 SH SOLE 0 0 10500 Silvercorp Metals COM 82835P103 42 10733 SH SOLE 0 0 10733 Chesapeake Energy Co COM 165167107 28 20100 SH SOLE 0 0 20100 Franklin Incm FD CL A1 MF 353496300 27 11655 SH SOLE 0 0 11655 Iota Communications Inc COM 46225M103 7 20746 SH SOLE 0 0 20746 Biolargo Inc COM 09065A100 4 11300 SH SOLE 0 0 11300 Medical Marijuana COM 58463A105 2 50000 SH SOLE 0 0 50000 H-Cyte Inc COM 404124109 1 11000 SH SOLE 0 0 11000