Aberdeen Standard Bloomberg Al COM 003261104 797708 32841 SH SOLE 32841 0 0 ACM Research, Inc. Class A COM 00108J109 319522 8120 SH SOLE 8120 0 0 Advanced Micro Devices Inc. COM 007903107 1594077 7836 SH SOLE 7836 0 0 AECOM COM 00766T100 2407955 28389 SH SOLE 28389 0 0 Agnico-Eagle Mines Ltd. COM 008474108 6232907 30707 SH SOLE 30707 0 0 Alcoa Inc. COM 013872106 2950093 44476 SH SOLE 44476 0 0 Allstate Corp. COM 020002101 4170851 20116 SH SOLE 20116 0 0 Alphabet Inc. Cl A COM 02079K305 19091971 66393 SH SOLE 66393 0 0 America Movil S.A.B. de C.V. A COM 02390A101 557783 21891 SH SOLE 21891 0 0 Amgen Inc. COM 031162100 7599256 21598 SH SOLE 21598 0 0 Amkor Technology Inc. COM 031652100 485513 10782 SH SOLE 10782 0 0 Applied Materials Inc. COM 038222105 809017 2367 SH SOLE 2367 0 0 Aptiv PLC COM G3265R107 5709565 82223 SH SOLE 82223 0 0 Archrock Inc. COM 03957W106 943393 27109 SH SOLE 27109 0 0 ASML Holding N.V. COM N07059210 682869 517 SH SOLE 517 0 0 Assurant Inc. COM 04621X108 3860247 17723 SH SOLE 17723 0 0 Autoliv Inc. COM 052800109 5827126 55412 SH SOLE 55412 0 0 Axis Capital Holdings Ltd COM G0692U109 454520 4482 SH SOLE 4482 0 0 Baker Hughes Company Class A COM 05722G100 6502924 106518 SH SOLE 106518 0 0 Banco Santander S.A. ADR COM 05964H105 755749 66999 SH SOLE 66999 0 0 Bank of America Corp. COM 060505104 8045846 165043 SH SOLE 165043 0 0 Bank of Nova Scotia COM 064149107 228723 3300 SH SOLE 3300 0 0 Barclays PLC ADR COM 06738E204 7047973 333080 SH SOLE 333080 0 0 Belden Inc. COM 077454106 223344 1945 SH SOLE 1945 0 0 Benchmark Electronics Inc. COM 08160H101 2806644 50065 SH SOLE 50065 0 0 Biogen Inc. COM 09062X103 6076106 33143 SH SOLE 33143 0 0 Bristol-Myers Squibb Co. COM 110122108 6261081 103233 SH SOLE 103233 0 0 Broadcom Inc. COM 11135F101 1428698 4616 SH SOLE 4616 0 0 Broadridge Financial Solutions COM 11133T103 3674485 22615 SH SOLE 22615 0 0 C.H. Robinson Worldwide COM 12541W209 5195500 31285 SH SOLE 31285 0 0 Canadian Imperial Bank of Comm COM 136069101 8307396 87677 SH SOLE 87677 0 0 Cardinal Health Inc. COM 14149Y108 13608787 64402 SH SOLE 64402 0 0 CarGurus, Inc. Class A COM 141788109 3965293 116455 SH SOLE 116455 0 0 Cencora Inc. COM 03073E105 9821587 31265 SH SOLE 31265 0 0 Cenovus Energy Inc. COM 15135U109 465230 17536 SH SOLE 17536 0 0 Chevron Corp. COM 166764100 516216 2495 SH SOLE 2495 0 0 Chubb Limited COM H1467J104 259440 796 SH SOLE 796 0 0 Cirrus Logic Inc. COM 172755100 254531 1760 SH SOLE 1760 0 0 Cisco Systems Inc. COM 17275R102 12225391 157564 SH SOLE 157564 0 0 Citigroup Inc. COM 172967424 9644500 85041 SH SOLE 85041 0 0 Communication Services Select COM 81369Y852 3423246 30879 SH SOLE 30879 0 0 Concentrix Corporation COM 20602D101 1806690 66034 SH SOLE 66034 0 0 Copa Holdings S.A. Cl A COM P31076105 333900 2939 SH SOLE 2939 0 0 Covista Inc. COM 00737L103 5481521 47562 SH SOLE 47562 0 0 CRH public limited company COM G25508105 4697392 44686 SH SOLE 44686 0 0 CTS Corp COM 126501105 2152639 45072 SH SOLE 45072 0 0 CVS Health Corp. COM 126650100 3120220 43445 SH SOLE 43445 0 0 Dell Technologies Inc. Class C COM 24703L202 5606845 34161 SH SOLE 34161 0 0 Delta Air Lines Inc. COM 247361702 4313555 64885 SH SOLE 64885 0 0 Deutsche Bank AG COM D18190898 7877257 264515 SH SOLE 264515 0 0 Devon Energy Corp. COM 25179M103 734974 14606 SH SOLE 14606 0 0 Digi International Inc. COM 253798102 2759787 57257 SH SOLE 57257 0 0 Direxion Daily S&P500 Bear 1X COM 25460E869 30587514 3074122 SH SOLE 3074122 0 0 Dycom Industries Inc COM 267475101 5672524 16742 SH SOLE 16742 0 0 Ecopetrol SA Sponsored ADR COM 279158109 381990 25483 SH SOLE 25483 0 0 Eldorado Gold Corp. COM 284902509 5981110 174224 SH SOLE 174224 0 0 Emcor Group Inc COM 29084Q100 6767349 9166 SH SOLE 9166 0 0 Encompass Health Corporation COM 29261A100 3052412 31556 SH SOLE 31556 0 0 Energy Select Sector SPDR Fund COM 81369Y506 370439 6047 SH SOLE 6047 0 0 Equinor ASA Sponsored ADR COM 29446M102 401069 9504 SH SOLE 9504 0 0 Equinox Gold Corp. COM 29446Y502 4084372 282460 SH SOLE 282460 0 0 Expeditors International of Wa COM 302130109 4772137 33318 SH SOLE 33318 0 0 Exxon Mobil Corp. COM 30231G102 1115854 6577 SH SOLE 6577 0 0 F5 Networks Inc. COM 315616102 6208732 21459 SH SOLE 21459 0 0 FedEx Corp. COM 31428X106 13698683 38460 SH SOLE 38460 0 0 Fifth Third Bancorp COM 316773100 369729 7958 SH SOLE 7958 0 0 Financial Select Sector SPDR F COM 81369Y605 6102724 123612 SH SOLE 123612 0 0 Flex Ltd. COM Y2573F102 13119624 200422 SH SOLE 200422 0 0 FlexShares Disciplined Duratio COM 33939L779 275422 13302 SH SOLE 13302 0 0 Gap Inc. COM 364760108 2949786 121892 SH SOLE 121892 0 0 Garrett Motion Inc COM 366505105 6200676 341259 SH SOLE 341259 0 0 General Motors Co. COM 37045V100 611124 8203 SH SOLE 8203 0 0 Gilead Sciences Inc. COM 375558103 7817403 56091 SH SOLE 56091 0 0 Goldman Sachs Group Inc. COM 38141G104 15495999 18317 SH SOLE 18317 0 0 Graham Holdings Co. COM 384637104 643871 609 SH SOLE 609 0 0 Granite Construction Inc. COM 387328107 5464011 45579 SH SOLE 45579 0 0 Grupo Aeroportuario del Surest COM 40051E202 365373 1087 SH SOLE 1087 0 0 GSK plc Sponsored ADR COM 37733W204 5657251 102505 SH SOLE 102505 0 0 GXO Logistics Inc COM 36262G101 3251410 62708 SH SOLE 62708 0 0 Halliburton Co. COM 406216101 3771698 96735 SH SOLE 96735 0 0 Hanover Insurance Group Inc. COM 410867105 2481679 14316 SH SOLE 14316 0 0 Hartford Insurance Group Inc. COM 416515104 4979574 36823 SH SOLE 36823 0 0 HCA Healthcare Inc COM 40412C101 8544348 18055 SH SOLE 18055 0 0 Health Care Select Sector SPDR COM 81369Y209 3133202 21371 SH SOLE 21371 0 0 Hub Group Inc (Cl A) COM 443320106 2734319 75869 SH SOLE 75869 0 0 HudBay Minerals Inc. COM 443628102 2961885 141717 SH SOLE 141717 0 0 Iamgold Corporation COM 450913108 10924521 580474 SH SOLE 580474 0 0 Industrial Select Sector SPDR COM 81369Y704 865094 5349 SH SOLE 5349 0 0 Innovex International, Inc. COM 457651107 305558 12528 SH SOLE 12528 0 0 Interactive Brokers Group Inc. COM 45841N107 463051 6904 SH SOLE 6904 0 0 International Business Machine COM 459200101 1485851 6130 SH SOLE 6130 0 0 Invesco Building & Constructio COM 46137V779 1149510 11781 SH SOLE 11781 0 0 Invesco CurrencyShares Euro Tr COM 46138K103 4350712 40779 SH SOLE 40779 0 0 Invesco CurrencyShares Japanes COM 46138W107 5316220 91849 SH SOLE 91849 0 0 Invesco KBW Bank ETF COM 46138E628 576073 7281 SH SOLE 7281 0 0 Invesco Optimum Yield Diversified COM 46090F100 209970 12123 SH SOLE 12123 0 0 Invesco S&P 500 Equal Weight C COM 46137V381 3005518 56148 SH SOLE 56148 0 0 iShares 1-3 Year Treasury Bond COM 464287457 12963655 157002 SH SOLE 157002 0 0 iShares 5-10yr Investment Grad COM 464288638 7862031 147727 SH SOLE 147727 0 0 iShares 7-10 Year Treasury Bon COM 464287440 7199994 75440 SH SOLE 75440 0 0 iShares Aaa-A Rated Corporate COM 46429B291 221436 4653 SH SOLE 4653 0 0 iShares Core Dividend Growth E COM 46434V621 231243 3295 SH SOLE 3295 0 0 iShares Core MSCI EAFE ETF COM 46432F842 6018797 66484 SH SOLE 66484 0 0 iShares Core Total U.S. Bond M COM 464287226 4244289 42755 SH SOLE 42755 0 0 iShares Edge MSCI USA Quality COM 46432F339 237653 1239 SH SOLE 1239 0 0 iShares International Treasury COM 464288117 10182552 247992 SH SOLE 247992 0 0 iShares MBS ETF COM 464288588 7733393 81447 SH SOLE 81447 0 0 iShares MSCI Emerging Markets COM 46434G764 2339584 29743 SH SOLE 29743 0 0 iShares MSCI Global Metals & M COM 46434G848 878220 15519 SH SOLE 15519 0 0 iShares NASDAQ Biotechnology I COM 464287556 2239289 13262 SH SOLE 13262 0 0 iShares S&P 500 Fund COM 464287200 8516552 13038 SH SOLE 13038 0 0 iShares U.S. Healthcare Provid COM 464288828 1337945 31970 SH SOLE 31970 0 0 iShares U.S. Insurance ETF COM 464288786 742286 5786 SH SOLE 5786 0 0 iShares US Transportation ETF COM 464287192 1144588 15343 SH SOLE 15343 0 0 Jabil Inc. COM 466313103 15657826 58946 SH SOLE 58946 0 0 Johnson & Johnson COM 478160104 8000521 32730 SH SOLE 32730 0 0 JPMorgan Chase & Co. COM 46625H100 9626386 32725 SH SOLE 32725 0 0 Kensington Credit Opportunitie COM 56167R820 2012589 81551 SH SOLE 81551 0 0 Kinross Gold Corporation COM 496902404 13974437 457878 SH SOLE 457878 0 0 Lam Research Corp. COM 512807306 4434941 20757 SH SOLE 20757 0 0 Laureate Education Inc COM 518613203 7222959 207318 SH SOLE 207318 0 0 Lear Corp. COM 521865204 5838720 48222 SH SOLE 48222 0 0 Leuthold Select Industries ET COM 56167R705 2208408 54596 SH SOLE 54596 0 0 Loews Corp. COM 540424108 414898 3887 SH SOLE 3887 0 0 M&T Bank Corp. COM 55261F104 297057 1437 SH SOLE 1437 0 0 Magna International Inc. COM 559222401 8330368 149263 SH SOLE 149263 0 0 Markel Group Inc. COM 570535104 3608022 1885 SH SOLE 1885 0 0 Marvell Technology Inc. COM 573874104 340237 3435 SH SOLE 3435 0 0 Mastercard Inc. Cl A COM 57636Q104 6160808 12330 SH SOLE 12330 0 0 Materials Select Sector SPDR F COM 81369Y100 250500 5013 SH SOLE 5013 0 0 Maximus Inc. COM 577933104 2838348 44280 SH SOLE 44280 0 0 McKesson Corp. COM 58155Q103 13980756 16156 SH SOLE 16156 0 0 MDU Resources Group, Inc. COM 552690109 321222 15503 SH SOLE 15503 0 0 Merck & Co. Inc. COM 58933Y105 6063819 50410 SH SOLE 50410 0 0 Meta Platforms Inc. Class A COM 30303M102 11516405 20129 SH SOLE 20129 0 0 Micron Technology Inc. COM 595112103 250002 740 SH SOLE 740 0 0 Microsoft Corp. COM 594918104 17831459 48171 SH SOLE 48171 0 0 Mizuho Financial Group Inc. AD COM 60687Y109 633414 79775 SH SOLE 79775 0 0 MKS Instruments Inc. COM 55306N104 584177 2542 SH SOLE 2542 0 0 Morgan Stanley COM 617446448 11685128 71004 SH SOLE 71004 0 0 National HealthCare Corporatio COM 635906100 489161 3063 SH SOLE 3063 0 0 Netgear Inc COM 64111Q104 754900 34565 SH SOLE 34565 0 0 NetScout Systems, Inc. COM 64115T104 5813692 182878 SH SOLE 182878 0 0 New Jersey Resources Corp. COM 646025106 284376 5178 SH SOLE 5178 0 0 NOV Inc. COM 62955J103 3914794 208123 SH SOLE 208123 0 0 NVIDIA Corp. COM 67066G104 7907470 45341 SH SOLE 45341 0 0 Oceaneering International, Inc COM 675232102 5326601 150172 SH SOLE 150172 0 0 Old National Bancorp COM 680033107 266813 12073 SH SOLE 12073 0 0 Old Republic International Cor COM 680223104 457892 11476 SH SOLE 11476 0 0 Pan American Silver Corp. COM 697900108 3475561 63620 SH SOLE 63620 0 0 Pearson Plc Sp Adr COM 705015105 789428 60124 SH SOLE 60124 0 0 Perdoceo Education Corporation COM 71363P106 4390147 117983 SH SOLE 117983 0 0 Photronics Inc. COM 719405102 431013 10666 SH SOLE 10666 0 0 Plexus Corp. COM 729132100 5351512 26422 SH SOLE 26422 0 0 PNC Financial Services Group I COM 693475105 5133996 24672 SH SOLE 24672 0 0 Primoris Services Corporation COM 74164F103 7281308 50904 SH SOLE 50904 0 0 ProShares Short QQQ COM 74349Y837 3902877 121245 SH SOLE 121245 0 0 ProShares Short Russell2000 COM 74348A210 14089909 868675 SH SOLE 868675 0 0 Raymond James Financial Inc COM 754730109 382535 2642 SH SOLE 2642 0 0 Regeneron Pharmaceuticals Inc. COM 75886F107 7556419 9780 SH SOLE 9780 0 0 Rio Tinto PLC ADS COM 767204100 4875615 52263 SH SOLE 52263 0 0 Sanmina Corporation COM 801056102 4966897 38313 SH SOLE 38313 0 0 Sanofi SA Sponsored ADR COM 80105N105 4629375 96085 SH SOLE 96085 0 0 Schwab Fundamental Internation COM 808524755 282864 5781 SH SOLE 5781 0 0 Select Medical Holdings Corpor COM 81619Q105 494516 30357 SH SOLE 30357 0 0 Shell PLC Sponsored ADR COM 780259305 1115163 11991 SH SOLE 11991 0 0 Skyworks Solutions Inc COM 83088M102 207078 3867 SH SOLE 3867 0 0 SLB Limited COM 806857108 6913188 134524 SH SOLE 134524 0 0 SPDR Barclays International Co COM 78464A151 7896340 254065 SH SOLE 254065 0 0 SPDR Bloomberg Barclays Intern COM 78464A516 18199579 829138 SH SOLE 829138 0 0 SPDR Intermediate Term Corpora COM 78464A375 14094347 420225 SH SOLE 420225 0 0 SPDR S&P Capital Markets ETF COM 78464A771 477472 3470 SH SOLE 3470 0 0 SPDR S&P Retail ETF COM 78464A714 704032 8749 SH SOLE 8749 0 0 SS&C Technologies Holdings, In COM 78467J100 3646956 53973 SH SOLE 53973 0 0 StoneX Group Inc. COM 861896108 3799180 47107 SH SOLE 47107 0 0 Suncor Energy Inc. COM 867224107 622161 9411 SH SOLE 9411 0 0 TD SYNNEX Corporation COM 87162W100 259139 1536 SH SOLE 1536 0 0 TE Connectivity Ltd. COM G87052109 8567103 40987 SH SOLE 40987 0 0 Technology Select Sector SPDR COM 81369Y803 9339282 70273 SH SOLE 70273 0 0 Telefonaktiebolaget LM Ericsso COM 294821608 9144906 811438 SH SOLE 811438 0 0 Tenaris S.A. COM 88031M109 4886771 83994 SH SOLE 83994 0 0 Tenet Healthcare Corporation COM 88033G407 6270267 33227 SH SOLE 33227 0 0 TIM S.A. Sponsored ADR COM 88706T108 538197 20317 SH SOLE 20317 0 0 T-Mobile US Inc COM 872590104 579893 2761 SH SOLE 2761 0 0 TotalEnergies SE Sponsored ADR COM 89151E109 530595 5832 SH SOLE 5832 0 0 Travelers Companies, Inc. COM 89417E109 4909849 16833 SH SOLE 16833 0 0 U.S. Bancorp COM 902973304 5063069 97348 SH SOLE 97348 0 0 UBS Group AG (new) COM H42097107 468176 11983 SH SOLE 11983 0 0 UGI Corp. COM 902681105 337832 9276 SH SOLE 9276 0 0 United Parcel Service Inc. Cl COM 911312106 10678657 108545 SH SOLE 108545 0 0 United Therapeutics Corp. COM 91307C102 6366233 10736 SH SOLE 10736 0 0 Universal Health Services Inc. COM 913903100 3800249 21234 SH SOLE 21234 0 0 Universal Technical Institute COM 913915104 5200422 144056 SH SOLE 144056 0 0 Urban Outfitters Inc COM 917047102 2554779 40328 SH SOLE 40328 0 0 Valmont Industries Inc. COM 920253101 4643003 11620 SH SOLE 11620 0 0 VanEck Gold Miners ETF COM 92189F106 2444753 26640 SH SOLE 26640 0 0 VanEck Oil Services ETF COM 92189H607 1735678 4294 SH SOLE 4294 0 0 VanEck Vectors Pharmaceutical COM 92189F692 775464 7465 SH SOLE 7465 0 0 Vanguard Mortgage-Backed Secur COM 92206C771 7751727 165106 SH SOLE 165106 0 0 Vanguard Russell 1000 Value ET COM 92206C714 4240235 45234 SH SOLE 45234 0 0 Vanguard Short-Term Corporate COM 92206C409 744742 9395 SH SOLE 9395 0 0 Vanguard Short-Term Inflation- COM 922020805 10424515 208699 SH SOLE 208699 0 0 Vanguard Short-Term Treasury E COM 92206C102 620407 10598 SH SOLE 10598 0 0 Vertex Pharmaceuticals Inc. COM 92532F100 7347816 16455 SH SOLE 16455 0 0 Viavi Solutions Inc. COM 925550105 711227 21371 SH SOLE 21371 0 0 Visa Inc. COM 92826C839 5009930 16576 SH SOLE 16576 0 0 Visteon Corp COM 92839U206 3721115 40842 SH SOLE 40842 0 0 Vodafone Group PLC ADS COM 92857W308 683080 45478 SH SOLE 45478 0 0 Weatherford International plc COM G48833118 3846096 40665 SH SOLE 40665 0 0 Wells Fargo & Co. COM 949746101 345030 4334 SH SOLE 4334 0 0 White Mountains Insurance Grou COM G9618E107 2311202 1052 SH SOLE 1052 0 0