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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES CHINA LARGE-CAP E</title>
        <cusip>464287184</cusip>
        <identifiers>
          <isin value="US4642871846"/>
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        <balance>1158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50905.68000000</valUSD>
        <pctVal>0.482312324989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>INVESCO KBW HIGH DIVIDEND</title>
        <cusip>46138E610</cusip>
        <identifiers>
          <isin value="US46138E6106"/>
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        <balance>31.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>426.56000000</valUSD>
        <pctVal>0.004041496849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBX ETF Trust</name>
        <lei>DNLQXYGHEZ10Q9SIK386</lei>
        <title>XTRACKERS MSCI ALL CHINA</title>
        <cusip>233051762</cusip>
        <identifiers>
          <isin value="US2330517622"/>
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        <balance>53.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2205.52000000</valUSD>
        <pctVal>0.020896479116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES CORE U.S. AGGREGA</title>
        <cusip>464287226</cusip>
        <identifiers>
          <isin value="US4642872265"/>
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        <balance>286.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33853.82000000</valUSD>
        <pctVal>0.320752313572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saratoga Advantage</name>
        <lei>N/A</lei>
        <title>JAMES-STR CR-S</title>
        <cusip>80343J460</cusip>
        <identifiers>
          <isin value="US80343J4601"/>
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        <balance>201571.00400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2201155.36000000</valUSD>
        <pctVal>20.85512578054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS LOW CARBON</title>
        <cusip>92189F502</cusip>
        <identifiers>
          <isin value="US92189F5026"/>
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        <balance>179.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19583.91000000</valUSD>
        <pctVal>0.185550240454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares US ETF Trust</name>
        <lei>5493002YECWEEITPWL97</lei>
        <title>ISHARES COMMOD SELECT STR</title>
        <cusip>46431W853</cusip>
        <identifiers>
          <isin value="US46431W8534"/>
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        <balance>14.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>361.90000000</valUSD>
        <pctVal>0.003428867474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wisdomtree Trust</name>
        <lei>549300SEVJBU47TE8855</lei>
        <title>WISDOMTREE GLOBAL EX-US Q</title>
        <cusip>97717W844</cusip>
        <identifiers>
          <isin value="US97717W8441"/>
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        <balance>87.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5847.27000000</valUSD>
        <pctVal>0.055400701621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>INVESCO S&amp;P SMALLCAP HEAL</title>
        <cusip>46138E149</cusip>
        <identifiers>
          <isin value="US46138E1495"/>
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        <balance>136.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18033.60000000</valUSD>
        <pctVal>0.170861631627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES RUSSELL 1000 VALU</title>
        <cusip>464287598</cusip>
        <identifiers>
          <isin value="US4642875987"/>
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        <balance>158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19261.78000000</valUSD>
        <pctVal>0.182498178891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Direxion Shares ETF Trust</name>
        <lei>549300M501IVJM50FG12</lei>
        <title>DIREXION NASDAQ-100 EQ WE</title>
        <cusip>25459Y207</cusip>
        <identifiers>
          <isin value="US25459Y2072"/>
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        <balance>32.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2124.80000000</valUSD>
        <pctVal>0.020131687232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES GLOBAL TIMBER &amp; F</title>
        <cusip>464288174</cusip>
        <identifiers>
          <isin value="US4642881746"/>
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        <balance>12.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>790.44000000</valUSD>
        <pctVal>0.007489124085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR BBG BARC HIGH YIELD</title>
        <cusip>78468R622</cusip>
        <identifiers>
          <isin value="US78468R6229"/>
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        <balance>1079.00020000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114104.27000000</valUSD>
        <pctVal>1.081095385719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR BBG BARC CONVERTIBLE</title>
        <cusip>78464A359</cusip>
        <identifiers>
          <isin value="US78464A3591"/>
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        <balance>1914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135549.48000000</valUSD>
        <pctVal>1.284280749218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS VIETNAM ET</title>
        <cusip>92189F817</cusip>
        <identifiers>
          <isin value="US92189F8178"/>
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        <balance>1979.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29091.30000000</valUSD>
        <pctVal>0.275629213477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alps Etf Trust</name>
        <lei>549300VF1907NYC4WM31</lei>
        <title>ALERIAN MLP ETF</title>
        <cusip>00162Q452</cusip>
        <identifiers>
          <isin value="US00162Q4525"/>
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        <balance>1727.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39876.43000000</valUSD>
        <pctVal>0.377814296274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Etf Ser Solutions</name>
        <lei>5493008BB0X0GYS3UI50</lei>
        <title>ALPHACLONE ALTERNATIVE AL</title>
        <cusip>26922A305</cusip>
        <identifiers>
          <isin value="US26922A3059"/>
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        <balance>1276.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84407.40000000</valUSD>
        <pctVal>0.799728622430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Cdn S&amp;P/Ts</name>
        <lei>549300YTZPMRP8RYSY86</lei>
        <title>ISHARES S&amp;P/TSX SMALLCAP</title>
        <cusip>46428G200</cusip>
        <identifiers>
          <isin value="CA46428G2009"/>
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        <balance>184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.30295000"/>
        <valUSD>2037.78000000</valUSD>
        <pctVal>0.019307205200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES 7-10 YEAR TREASUR</title>
        <cusip>464287440</cusip>
        <identifiers>
          <isin value="US4642874402"/>
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        <balance>625.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75943.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares s&amp;p/tsx capped matls index etf</name>
        <lei>549300YTZPMRP8RYSY86</lei>
        <title>iShares S&amp;P/TSX Capped Ma</title>
        <cusip>46431E101</cusip>
        <identifiers>
          <isin value="CA46431E1016"/>
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        <balance>645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.30295000"/>
        <valUSD>9425.38000000</valUSD>
        <pctVal>0.089301958871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI UNITED KINGD</title>
        <cusip>46435G334</cusip>
        <identifiers>
          <isin value="US46435G3341"/>
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        <balance>223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5940.72000000</valUSD>
        <pctVal>0.056286105505</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI INDIA SMALL-</title>
        <cusip>46429B614</cusip>
        <identifiers>
          <isin value="US46429B6149"/>
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        <balance>2642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91281.10000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wisdomtree Trust</name>
        <lei>549300SEVJBU47TE8855</lei>
        <title>WISDOMTREE EM SMALL CAP</title>
        <cusip>97717W281</cusip>
        <identifiers>
          <isin value="US97717W2816"/>
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        <balance>201.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8518.38000000</valUSD>
        <pctVal>0.080708472275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fd Tr</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>INVESCO S&amp;P 500 BUYWRITE</title>
        <cusip>46137V399</cusip>
        <identifiers>
          <isin value="US46137V3996"/>
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        <balance>2338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45006.50000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
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        <cusip>464288414</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Barclays Bank PLC / Barclays US CCP Funding LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
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        <title>ISHARES MSCI IRELAND ETF</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Vanguard Charlotte Funds</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Invesco Exchange Traded Fund Trust II</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ISHARES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Invesco Exchange Traded Fund Trust II</name>
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        <name>ISHARES TRUST</name>
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        <title>ISHARES IBOXX HIGH YLD CO</title>
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        <name>ISHARES TRUST</name>
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        <title>ISHARES U.S. CONSUMER SER</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES EXPANDED TECH-SOF</title>
        <cusip>464287515</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Spdr Index Shs Fds</name>
        <lei>5493001XGU6MOBRXUU78</lei>
        <title>SPDR DJ GLOBAL REAL ESTAT</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Dreyfus Instl Resv</name>
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        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHA CURR HEDGED MSCI EAF</title>
        <cusip>46434V803</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>INVESCO S&amp;P SMALLCAP INFO</title>
        <cusip>46138E115</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Invesco Db Multi-Sector Comm Tr</name>
        <lei>549300W6SL18JV44UR66</lei>
        <title>INVESCO DB AGRICULTURE FU</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES EXPONENTIAL TECH</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <name>Wisdomtree Trust</name>
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        <title>WISDOMTREE INTEREST RATE</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>CI First Asset Active Utility &amp; Infrastructure ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>INVESCO VARIABLE RATE PRE</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES S&amp;P MID-CAP 400 G</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Vanguard Ftse Cdn High Divid Yield Index Etf</name>
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        <title>VANGUARD FTSE CANADIAN HI</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MICRO-CAP ETF</title>
        <cusip>464288869</cusip>
        <identifiers>
          <isin value="US4642888691"/>
        </identifiers>
        <balance>3677.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345049.68000000</valUSD>
        <pctVal>3.269216979275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES JP MORGAN USD EME</title>
        <cusip>464288281</cusip>
        <identifiers>
          <isin value="US4642882819"/>
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        <balance>457.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51906.06000000</valUSD>
        <pctVal>0.491790552245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X MSCI CHINA CONSU</title>
        <cusip>37950E408</cusip>
        <identifiers>
          <isin value="US37950E4089"/>
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        <balance>950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25583.50000000</valUSD>
        <pctVal>0.242394117245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Advisorshares Trust</name>
        <lei>549300K5KGUMX2I7WM68</lei>
        <title>ADVSHRS STAR GBL BUY-WRIT</title>
        <cusip>00768Y768</cusip>
        <identifiers>
          <isin value="US00768Y7682"/>
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        <balance>676.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23646.48000000</valUSD>
        <pctVal>0.224041575451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Indexiq Etf Tr</name>
        <lei>549300RB5MLWJ1UN5M66</lei>
        <title>IQ MERGER ARBITRAGE ETF</title>
        <cusip>45409B800</cusip>
        <identifiers>
          <isin value="US45409B8000"/>
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        <balance>3642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117709.44000000</valUSD>
        <pctVal>1.115253026373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LISTED FUND TRUST</name>
        <lei>549300C5D73JL0P1YC11</lei>
        <title>CORE ALTERNATIVE ETF</title>
        <cusip>53656F847</cusip>
        <identifiers>
          <isin value="US53656F8471"/>
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        <balance>2995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83218.17000000</valUSD>
        <pctVal>0.788461111884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Select Sector Spdr</name>
        <lei>5493008JJKIPMEX3CO91</lei>
        <title>MATERIALS SELECT SECTOR S</title>
        <cusip>81369Y100</cusip>
        <identifiers>
          <isin value="US81369Y1001"/>
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        <balance>105.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6613.95000000</valUSD>
        <pctVal>0.062664708572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AQR Fds</name>
        <lei>549300V0TAB4ICSX2404</lei>
        <title>AQR-MGD FUT-I</title>
        <cusip>00203H859</cusip>
        <identifiers>
          <isin value="US00203H8593"/>
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        <balance>8348.24100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69123.44000000</valUSD>
        <pctVal>0.654918803906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI CANADA ETF</title>
        <cusip>464286509</cusip>
        <identifiers>
          <isin value="US4642865095"/>
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        <balance>508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14584.68000000</valUSD>
        <pctVal>0.138184401426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR OIL&amp;GAS EXP</title>
        <cusip>78468R556</cusip>
        <identifiers>
          <isin value="US78468R5569"/>
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        <balance>19.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>977.74000000</valUSD>
        <pctVal>0.009263721703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES FLOATING RATE BON</title>
        <cusip>46429B655</cusip>
        <identifiers>
          <isin value="US46429B6552"/>
        </identifiers>
        <balance>57.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2889.33000000</valUSD>
        <pctVal>0.027375323735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES NASDAQ BIOTECHNOL</title>
        <cusip>464287556</cusip>
        <identifiers>
          <isin value="US4642875565"/>
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        <balance>666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90309.60000000</valUSD>
        <pctVal>0.855649765307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR S&amp;P REGIONAL BANKING</title>
        <cusip>78464A698</cusip>
        <identifiers>
          <isin value="US78464A6982"/>
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        <balance>150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5797.50000000</valUSD>
        <pctVal>0.054929149441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI AUSTRALIA ET</title>
        <cusip>464286103</cusip>
        <identifiers>
          <isin value="US4642861037"/>
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        <balance>170.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3534.30000000</valUSD>
        <pctVal>0.033486173845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI UNITED KINGD</title>
        <cusip>46429B416</cusip>
        <identifiers>
          <isin value="US46429B4169"/>
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        <balance>864.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30602.88000000</valUSD>
        <pctVal>0.289950870004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - JPY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CCTJPY__00060742"/>
        </identifiers>
        <balance>15357.25000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-89.28000000</valUSD>
        <pctVal>-0.00084589468</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-15357.25000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>1618602.00000000</amtCurPur>
            <curPur>JPY</curPur>
            <settlementDt>2020-09-24</settlementDt>
            <unrealizedAppr>-89.28000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES LATIN AMERICA 40</title>
        <cusip>464287390</cusip>
        <identifiers>
          <isin value="US4642873909"/>
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        <balance>811.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17906.88000000</valUSD>
        <pctVal>0.169661006907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS RUSSIA SMA</title>
        <cusip>92189F734</cusip>
        <identifiers>
          <isin value="US92189F7345"/>
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        <balance>1075.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36085.28000000</valUSD>
        <pctVal>0.341894564510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USD"/>
        </identifiers>
        <balance>35883.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74672990"/>
        <valUSD>-494.67000000</valUSD>
        <pctVal>-0.00468681368</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-35883.00000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>47558.85000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-09-24</settlementDt>
            <unrealizedAppr>-494.67000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI INDONESIA ET</title>
        <cusip>46429B309</cusip>
        <identifiers>
          <isin value="US46429B3096"/>
        </identifiers>
        <balance>713.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13981.93000000</valUSD>
        <pctVal>0.132473570064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MBS ETF</title>
        <cusip>464288588</cusip>
        <identifiers>
          <isin value="US4642885887"/>
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        <balance>2.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221.36000000</valUSD>
        <pctVal>0.002097303410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK FALLEN ANGEL HIGH</title>
        <cusip>92189F437</cusip>
        <identifiers>
          <isin value="US92189F4375"/>
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        <balance>2839.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86504.33000000</valUSD>
        <pctVal>0.819596251811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS MORTGAGE R</title>
        <cusip>92189F452</cusip>
        <identifiers>
          <isin value="US92189F4524"/>
        </identifiers>
        <balance>133.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1872.64000000</valUSD>
        <pctVal>0.017742565314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fd Tr</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>INVESCO DWA HEALTHCARE MO</title>
        <cusip>46137V852</cusip>
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          <isin value="US46137V8524"/>
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        <balance>253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33026.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI MEXICO ETF</title>
        <cusip>464286822</cusip>
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          <isin value="US4642868222"/>
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        <balance>30.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>987.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CCTCHF__00060738"/>
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        <balance>13710.05000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>23.32000000</valUSD>
        <pctVal>0.000220948299</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-13710.05000000</amtCurSold>
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            <amtCurPur>12358.00000000</amtCurPur>
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            <settlementDt>2020-09-24</settlementDt>
            <unrealizedAppr>23.32000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DBX ETF Trust</name>
        <lei>DNLQXYGHEZ10Q9SIK386</lei>
        <title>XTRACKERS HARVEST CSI 300</title>
        <cusip>233051879</cusip>
        <identifiers>
          <isin value="US2330518794"/>
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        <balance>923.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32618.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X SUPERINCOME PREF</title>
        <cusip>37950E333</cusip>
        <identifiers>
          <isin value="US37950E3339"/>
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        <balance>910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10237.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MORNINGSTAR MULTI</title>
        <cusip>46432F875</cusip>
        <identifiers>
          <isin value="US46432F8757"/>
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        <balance>1710.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39107.70000000</valUSD>
        <pctVal>0.370530866339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI PHILIPPINES</title>
        <cusip>46429B408</cusip>
        <identifiers>
          <isin value="US46429B4086"/>
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        <balance>57.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1513.35000000</valUSD>
        <pctVal>0.014338426616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS AFRICA IND</title>
        <cusip>92189F866</cusip>
        <identifiers>
          <isin value="US92189F8665"/>
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        <balance>1387.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24570.71000000</valUSD>
        <pctVal>0.232798309869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Exchange Traded Fd Tr</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>INVESCO DWA ENERGY MOMENT</title>
        <cusip>46137V878</cusip>
        <identifiers>
          <isin value="US46137V8789"/>
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        <balance>638.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9753.49000000</valUSD>
        <pctVal>0.092410678703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS J.P. MORGA</title>
        <cusip>92189H300</cusip>
        <identifiers>
          <isin value="US92189H3003"/>
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        <balance>49.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1543.50000000</valUSD>
        <pctVal>0.014624086617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI FRONTIER 100</title>
        <cusip>464286145</cusip>
        <identifiers>
          <isin value="US4642861458"/>
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        <balance>1695.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43290.30000000</valUSD>
        <pctVal>0.410159440802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - CAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CCTCAD__00060735"/>
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        <balance>55893.19000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>651.56000000</valUSD>
        <pctVal>0.006173287901</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-55893.19000000</amtCurSold>
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            <amtCurPur>73670.00000000</amtCurPur>
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            <settlementDt>2020-09-24</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES US PHARMACEUTICAL</title>
        <cusip>464288836</cusip>
        <identifiers>
          <isin value="US4642888360"/>
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        <balance>180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30163.84000000</valUSD>
        <pctVal>0.285791129811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X MSCI NIGERIA ETF</title>
        <cusip>37954Y665</cusip>
        <identifiers>
          <isin value="US37954Y6656"/>
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        <balance>644.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5821.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES U.S. HEALTHCARE P</title>
        <cusip>464288828</cusip>
        <identifiers>
          <isin value="US4642888287"/>
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        <balance>286.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58953.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES U.S. FINANCIAL SE</title>
        <cusip>464287770</cusip>
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          <isin value="US4642877702"/>
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        <balance>7.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI UAE ETF</title>
        <cusip>46434V761</cusip>
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          <isin value="US46434V7617"/>
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        <balance>657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7062.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES RUSSELL MID-CAP V</title>
        <cusip>464287473</cusip>
        <identifiers>
          <isin value="US4642874733"/>
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        <balance>407.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MORTGAGE REAL EST</title>
        <cusip>46435G342</cusip>
        <identifiers>
          <isin value="US46435G3424"/>
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        <balance>44.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169.96000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Natural Gas Fund LP</name>
        <lei>549300OG34E313WTTY71</lei>
        <title>US NATURAL GAS FUND LP</title>
        <cusip>912318300</cusip>
        <identifiers>
          <isin value="US9123183009"/>
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        <balance>989.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Columbia Etf Tr II</name>
        <lei>5493008JFHSK7XY1KE61</lei>
        <title>COLUMBIA INDIA CONSUMER E</title>
        <cusip>19762B707</cusip>
        <identifiers>
          <isin value="US19762B7073"/>
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        <balance>620.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Iv Plc</name>
        <lei>549300ZP07LMR36K1T02</lei>
        <title>ISH EDGE MSCI ERP MOMENTU</title>
        <cusip>G4955M432</cusip>
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          <isin value="IE00BQN1K786"/>
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        <balance>84.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.83615500"/>
        <valUSD>758.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Exchange Traded Fd Tr</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>INVESCO DWA CONSUMER CYCL</title>
        <cusip>46137V803</cusip>
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          <isin value="US46137V8037"/>
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        <balance>223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14316.60000000</valUSD>
        <pctVal>0.135644443447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI JAPAN SMALL-</title>
        <cusip>464286582</cusip>
        <identifiers>
          <isin value="US4642865822"/>
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        <balance>311.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21663.11000000</valUSD>
        <pctVal>0.205249884700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kraneshares Tr</name>
        <lei>549300VLDRC0RUX0E553</lei>
        <title>KRANESHARES CSI CHINA INT</title>
        <cusip>500767306</cusip>
        <identifiers>
          <isin value="US5007673065"/>
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        <balance>543.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38189.19000000</valUSD>
        <pctVal>0.361828326786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Index Fds</name>
        <lei>549300OM0CLBHZ9MZW59</lei>
        <title>VANGUARD REAL ESTATE ETF</title>
        <cusip>922908553</cusip>
        <identifiers>
          <isin value="US9229085538"/>
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        <balance>63.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5150.25000000</valUSD>
        <pctVal>0.048796697181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR S&amp;P METALS &amp; MINING</title>
        <cusip>78464A755</cusip>
        <identifiers>
          <isin value="US78464A7550"/>
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        <balance>4.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99.24000000</valUSD>
        <pctVal>0.000940261973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Bd Idx Fd</name>
        <lei>549300INE5BF80OGAZ51</lei>
        <title>VANGUARD TOTAL BOND MARKE</title>
        <cusip>921937835</cusip>
        <identifiers>
          <isin value="US9219378356"/>
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        <balance>163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14418.98000000</valUSD>
        <pctVal>0.136614455749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI CHINA SMALL-</title>
        <cusip>46429B200</cusip>
        <identifiers>
          <isin value="US46429B2007"/>
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        <balance>1050.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47418.00000000</valUSD>
        <pctVal>0.449267858249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK VECTORS EGYPT INDE</title>
        <cusip>92189F775</cusip>
        <identifiers>
          <isin value="US92189F7758"/>
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        <balance>205.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5300.17000000</valUSD>
        <pctVal>0.050217133245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fd Tr</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>INVESCO S&amp;P 500 EQUAL WEI</title>
        <cusip>46137V357</cusip>
        <identifiers>
          <isin value="US46137V3574"/>
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        <balance>3455.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>384887.00000000</valUSD>
        <pctVal>3.646660722892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X S&amp;P 500 COVE CAL</title>
        <cusip>37954Y475</cusip>
        <identifiers>
          <isin value="US37954Y4750"/>
        </identifiers>
        <balance>62.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2787.21000000</valUSD>
        <pctVal>0.026407774836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Select Sector Spdr</name>
        <lei>5493008JJKIPMEX3CO91</lei>
        <title>ENERGY SELECT SECTOR SPDR</title>
        <cusip>81369Y506</cusip>
        <identifiers>
          <isin value="US81369Y5069"/>
        </identifiers>
        <balance>231.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8235.15000000</valUSD>
        <pctVal>0.078024973699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X MSCI NORWAY ETF</title>
        <cusip>37950E747</cusip>
        <identifiers>
          <isin value="US37950E7470"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>177.76000000</valUSD>
        <pctVal>0.001684209677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR S&amp;P RETAIL ETF</title>
        <cusip>78464A714</cusip>
        <identifiers>
          <isin value="US78464A7147"/>
        </identifiers>
        <balance>386.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19990.94000000</valUSD>
        <pctVal>0.189406697840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS AG Jersey Branch</name>
        <lei>N/A</lei>
        <title>ETRACS CMCI TOTAL RETURN</title>
        <cusip>902641778</cusip>
        <identifiers>
          <isin value="US9026417785"/>
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        <balance>29.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398.61000000</valUSD>
        <pctVal>0.003776681027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advisors Ser Trust</name>
        <lei>N/A</lei>
        <title>KELLNER-MERG-INS</title>
        <cusip>00768D335</cusip>
        <identifiers>
          <isin value="US00768D3355"/>
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        <balance>20316.53000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214948.89000000</valUSD>
        <pctVal>2.036560534890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Trust Exchange-Traded Fund</name>
        <lei>549300MZB4XDLRWOC672</lei>
        <title>FIRST TRUST DJ INTERNET I</title>
        <cusip>33733E302</cusip>
        <identifiers>
          <isin value="US33733E3027"/>
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        <balance>55.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10911.45000000</valUSD>
        <pctVal>0.103381917666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES GLOBAL CLEAN ENER</title>
        <cusip>464288224</cusip>
        <identifiers>
          <isin value="US4642882249"/>
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        <balance>268.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4593.52000000</valUSD>
        <pctVal>0.043521888148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares plc</name>
        <lei>549300YDM1GFZR5B4U80</lei>
        <title>ISHARES EURO STOXX MID CA</title>
        <cusip>G49507273</cusip>
        <identifiers>
          <isin value="IE00B02KXL92"/>
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        <balance>261.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74685350"/>
        <valUSD>17152.67000000</valUSD>
        <pctVal>0.162515148554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Proshares Trust Ii</name>
        <lei>549300SM22FHGJRWS154</lei>
        <title>PROSHARES SHORT VIX ST FU</title>
        <cusip>74347W130</cusip>
        <identifiers>
          <isin value="US74347W1302"/>
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        <balance>95.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3295.55000000</valUSD>
        <pctVal>0.031224106673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI TAIWAN ETF</title>
        <cusip>46434G772</cusip>
        <identifiers>
          <isin value="US46434G7723"/>
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        <balance>204.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8965.80000000</valUSD>
        <pctVal>0.084947609842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Northern Lts Fd Tr</name>
        <lei>549300BSYF57GRCG4861</lei>
        <title>ALTEGRIS-FU EV-I</title>
        <cusip>66537Y595</cusip>
        <identifiers>
          <isin value="US66537Y5950"/>
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        <balance>2104.31800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15635.08000000</valUSD>
        <pctVal>0.148136549520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spdr Index Shs Fds</name>
        <lei>5493001XGU6MOBRXUU78</lei>
        <title>SPDR EURO STOXX 50 ETF</title>
        <cusip>78463X202</cusip>
        <identifiers>
          <isin value="US78463X2027"/>
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        <balance>271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10325.10000000</valUSD>
        <pctVal>0.097826470184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pimco Etf Tr</name>
        <lei>N/A</lei>
        <title>PIMCO ENHANCED SHORT MATU</title>
        <cusip>72201R833</cusip>
        <identifiers>
          <isin value="US72201R8337"/>
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        <balance>1242.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126597.06000000</valUSD>
        <pctVal>1.199459909884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES RUSSELL 2000 GROW</title>
        <cusip>464287648</cusip>
        <identifiers>
          <isin value="US4642876480"/>
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        <balance>631.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142934.12000000</valUSD>
        <pctVal>1.354247457994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK RARE ERTH</title>
        <cusip>92189H805</cusip>
        <identifiers>
          <isin value="US92189H8051"/>
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        <balance>2.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <name>Ishares S&amp;P Gsci C</name>
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        <balance>10.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.30295000"/>
        <valUSD>183.43000000</valUSD>
        <pctVal>0.001737930811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VE UNCON OIL/GAS</title>
        <cusip>92189H706</cusip>
        <identifiers>
          <isin value="US92189H7061"/>
        </identifiers>
        <balance>7.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>467.34000000</valUSD>
        <pctVal>0.004427872134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-09-28</ncom:dateSigned>
      <ncom:nameOfApplicant>SARATOGA ADVANTAGE TRUST</ncom:nameOfApplicant>
      <ncom:signature>Aaron Smith</ncom:signature>
      <ncom:signerName>Aaron Smith</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
