Portfolio Holdings as of 5/31/2017
| Ticker | Cusip | Description | Shares | Market Value | % of Portfolio |
| FRGXX | 31607A703 | Fidelity Colcheste | 9,848,210.390 | $9,848,210.39 | 42.87% |
| SOXX | 464287523 | ISHARES TRUST | 9,386.000 | $1,389,034.14 | 6.05% |
| FDN | 33733E302 | First Tr Exchange | 14,177.000 | $1,342,420.13 | 5.84% |
| IHI | 464288810 | ISHARES TRUST | 8,279.000 | $1,331,263.20 | 5.80% |
| ITA | 464288760 | ISHARES TRUST U.S. AER&DEF ETF | 8,344.000 | $1,316,766.64 | 5.73% |
| EWT | 46434G772 | Ishares Inc | 38,262.000 | $1,315,447.56 | 5.73% |
| IWF | 464287614 | ISHARES TRUST | 11,003.000 | $1,313,098.02 | 5.72% |
| IYC | 464287580 | ISHARES TRUST | 7,760.000 | $1,300,032.80 | 5.66% |
| INDY | 464289529 | ISHARES TRUST | 38,065.000 | $1,298,016.50 | 5.65% |
| CWB | 78464A359 | Spdr Series Trust | 26,012.000 | $1,277,969.56 | 5.56% |
| XBI | 78464A870 | Spdr Series Trust | 18,303.000 | $1,239,296.13 | 5.39% |
| Totals | 10,027,801.390 | $22,971,555.07 | |||