Markets Research Deutsche Bank Directory ETF+ Quarterly ... · Ari Rajendra Research Analyst...

21 July 2017

ETF+ Quarterly Directory

North AmericaUnited States

Synthetic Equity & Index Strategy

ETF+ QuarterlyDirectory

Date21 July 2017

Deutsche BankMarkets Research

Q2 2017 ETPs

Data as of June 30th, 2017This document includes all US listed exchange-traded funds (ETFs) and exchange-traded vehicles (ETVs), plus a special section covering exchange-traded (ETNs).The directory is organized by asset class and asset-class-related sub sections.Within each sub section it h as also been sorted. For Equity and Fixed IncomeETPs it is sorted by country (or sub region for regional products) in alphabeticalorder and by AUM in descending order, and for the other ETP asset classes itis sorted by sub sector in alphabetical order and by AUM in descending order.Numerous key information points per product have been included in order to givereaders an overview of their respective areas of interest. Among the key numericinformation we include average daily turnover, assets under management, andclash flows (all in $US). If you have any questions on any of the products listedor any suggestions on how to improve future editions of the directory, please donot hesitate to in touch.

Sebastian Mercado, CFA

Strategist

+1-212-250-8690

Ari Rajendra

Research Analyst

+44-20-754-52282

Deutsche Bank Securities Inc.

Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should beaware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should considerthis report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONSARE LOCATED IN APPENDIX 1.MCI (P) 083/04/2017.

Distributed on: 21/07/2017 21:15:10 GMT

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mailto:[email protected]

mailto:[email protected]

21 July 2017


Table Of Contents

Definitions and Abbreviations .......................................... 3Definitions ....................................................................................................... 3Abbreviations .................................................................................................. 3

New Listing ...................................................................... 4

Quarterly Flows Top Trends .............................................. 5

EQUITY ETPs .................................................................... 9

FIXED INCOME ETPs ..................................................... 45

COMMODITY ETPs ......................................................... 54

CURRENCY ETPs ............................................................ 56

MULTI ASSET ETPs ........................................................ 57

ALTERNATIVES ETPs ..................................................... 59

EXCHANGE-TRADED NOTES (ETNs) .............................. 61


21 July 2017


Definitions andAbbreviationsDefinitions

Abbreviations


21 July 2017


New ListingFigure 1: ETPs & ETNs during the previous quarter

ETP Name IssuerAsset Class

& StructureExchange TER

Bloom-

berg

AUM

$ MM

Brand Value ETF ACSI Funds Equity ETF NYSE Arca 0.65% BVAL US 1.5

Amplify Yieldshares Oil Hedged MLP Income ETF Amplify Investments Equity ETF BATS 0.85% AMLX US 2.2

iBonds Dec 2023 Term Muni Bond ETF BlackRock Fixed Income ETF BATS 0.18% IBML US 6.3

iShares MSCI Argentina and Global Exposure ETF BlackRock Equity ETF BATS 0.59% AGT US 20.3

Cambria Tail Risk ETF Cambria Funds Equity ETF BATS 0.59% TAIL US 6.0

Cambria Core Equity ETF Cambria Funds Equity ETF NYSE Arca 1.05% CCOR US 102.9

ClearShares Ocio ETF ClearBrook Global Advisors Multi Asset ETF NYSE Arca 0.55% OCIO US 26.1

Credit Suisse X-Links Crude Oil Shares Covered Call ETN Credit Suisse Commodity ETN Nasdaq 0.85% USOI US 4.6

Direxion Daily Utilities Bull 3x Shares DirexionShares Equity ETF NYSE Arca 0.95% UTSL US 2.6

Direxion Daily Industrials Bull 3x Shares DirexionShares Equity ETF NYSE Arca 0.95% DUSL US 2.7

Direxion Daily MSCI Mexico Bull 3x Shares DirexionShares Equity ETF NYSE Arca 0.95% MEXX US 2.8

Direxion Daily Transportation Bull 3x Shares DirexionShares Equity ETF NYSE Arca 0.95% TPOR US 2.8

Direxion Daily Aerospace & Defense Bull 3X Shares DirexionShares Equity ETF NYSE Arca 0.95% DFEN US 6.7

Alpha Architect Value Momentum Trend ETF Empowered Funds Alternative ETF BATS 0.45% VMOT US 23.8

ETF Industry Exposure & Financial Services ETF Exchange Traded Concepts Equity ETF NYSE Arca 0.64% TETF US 1.7

First Trust Large Cap US Equity Select ETF First Trust Equity ETF Nasdaq 0.60% RNLC US 2.0

First Trust Mid Cap US Equity Select ETF First Trust Equity ETF Nasdaq 0.60% RNMC US 2.0

First Trust US Equity Dividend Select ETF First Trust Equity ETF Nasdaq 0.50% RNDV US 2.0

First Trust Small Cap US Equity Select ETF First Trust Equity ETF Nasdaq 0.60% RNSC US 2.0

First Trust Developed International Equity Select ETF First Trust Equity ETF Nasdaq 0.65% RNDM US 4.9

First Trust Emerging Markets Equity Select ETF First Trust Equity ETF Nasdaq 0.77% RNEM US 5.0

EquityCompass Risk Manager ETF First Trust Multi Asset ETF NYSE Arca 0.65% ERM US 5.1

First Trust California Municipal High Income ETF First Trust Fixed Income ETF Nasdaq 0.50% FCAL US 10.0

EquityCompass Tactical Risk Manager ETF First Trust Multi Asset ETF NYSE Arca 0.65% TERM US 11.2

Formula Folios Hedged Growth ETF FormulaFolio Investment Equity ETF BATS 0.95% FFHG US 31.1

Formula Folios Income ETF FormulaFolio Investment Fixed Income ETF BATS 0.80% FFTI US 91.1

Franklin LibertyQ US Small Cap Equity ETF Franklin Templeton Investments Equity ETF BATS 0.35% FLQS US 3.7

Franklin LibertyQ US Mid Cap Equity ETF Franklin Templeton Investments Equity ETF BATS 0.30% FLQM US 5.1

Franklin LibertyQ US Equity ETF Franklin Templeton Investments Equity ETF BATS 0.25% FLQL US 114.4

Goldman Sachs Activebeta US Small Cap Equity ETF Goldman Sachs Equity ETF NYSE Arca 0.20% GSSC US 12.0

Goldman Sachs Access Investment Grade Corporate Bond ETF Goldman Sachs Fixed Income ETF NYSE Arca 0.14% GIGB US 54.9

GraniteShares S&P GSCI Commodity Broad Strategy no K-1 ETF GraniteShares Commodity ETF NYSE Arca 0.35% COMG US 2.4

GraniteShares Bloomberg Commodity Broad Strategy no K-1 ETF GraniteShares Commodity ETF NYSE Arca 0.25% COMB US 2.5

Guggenheim Multi-Factor Large Cap ETF Guggenheim Investments Equity ETF NYSE Arca 0.25% GMFL US 2.5

Hartford Multifactor Low Volatility International Equity ETF Hartford Funds Equity ETF BATS 0.39% LVIN US 2.5

Hartford Multifactor Low Volatility US Equity ETF Hartford Funds Equity ETF BATS 0.29% LVUS US 3.8

IQ Chaikin US Small Cap ETF IndexIQ Advisors Equity ETF Nasdaq 0.36% CSML US 110.5

J.P. Morgan Cushing 30 MLP Index ETN JPMorgan Equity ETN NYSE Arca 0.95% PPLN US 4.1

JPMorgan Ultra-Short Income ETF JPMorgan Fixed Income ETF BATS 0.18% JPST US 42.5

JPMorgan Global Bond Opportunities ETF JPMorgan Fixed Income ETF BATS 0.55% JPGB US 101.2

ClearBridge Dividend Strategy ESG ETF Legg Mason GAM Equity ETF Nasdaq 0.59% YLDE US 2.5

ClearBridge Large Cap Growth ESG ETF Legg Mason GAM Equity ETF Nasdaq 0.59% LRGE US 2.6

ClearBridge All Cap Growth ETF Legg Mason GAM Equity ETF Nasdaq 0.53% CACG US 32.7

NuShares ESG International Developed Markets Equity ETF Nuveen Equity ETF BATS 0.40% NUDM US 9.9

NuShares ESG Emerging Markets Equity ETF Nuveen Equity ETF BATS 0.45% NUEM US 10.0

NuShares Enhanced Yield 1-5 Year US Aggregate Bond ETF Nuveen Fixed Income ETF NYSE Arca 0.20% NUSA US 30.1

Source: Deutsche Bank, Bloomberg Finance LP.


21 July 2017


Quarterly Flows Top TrendsFigure 2: Top 20 ETPs by inflows ($ Million) (Includes ETNs also)


& StructureBBG Ticker TER

Net Flow

$ MM

iShares Core S&P 500 ETF BlackRock Equity ETF IVV US 0.04% 11,180

iShares Core MSCI EAFE ETF BlackRock Equity ETF IEFA US 0.08% 7,036

iShares MSCI EAFE ETF BlackRock Equity ETF EFA US 0.33% 6,226

Vanguard FTSE Developed Markets ETF Vanguard Equity ETF VEA US 0.07% 5,535

iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock Fixed Income ETF LQD US 0.15% 4,720

Vanguard S&P 500 ETF Vanguard Equity ETF VOO US 0.04% 4,659

iShares Core MSCI Emerging Markets ETF BlackRock Equity ETF IEMG US 0.14% 4,357

Vanguard FTSE Europe ETF Vanguard Equity ETF VGK US 0.10% 4,045

iShares Core U.S. Aggregate Bond ETF BlackRock Fixed Income ETF AGG US 0.05% 3,730

iShares MSCI Eurozone ETF BlackRock Equity ETF EZU US 0.48% 3,464

Vanguard FTSE Emerging Markets ETF Vanguard Equity ETF VWO US 0.14% 3,187

iShares J.P. Morgan USD Emerging Markets Bond ETF BlackRock Fixed Income ETF EMB US 0.40% 2,468

Vanguard Intermediate-Term Corporate Bond ETF Vanguard Fixed Income ETF VCIT US 0.07% 1,910

Vanguard Total Stock Market ETF Vanguard Equity ETF VTI US 0.04% 1,721

Schwab International Equity ETF Charles Schwab Equity ETF SCHF US 0.07% 1,578

Vanguard Short-Term Corporate Bond ETF Vanguard Fixed Income ETF VCSH US 0.07% 1,501

iShares Core S&P Total U.S. Stock Market ETF BlackRock Equity ETF ITOT US 0.03% 1,395

Vanguard FTSE All-World ex-US ETF Vanguard Equity ETF VEU US 0.11% 1,363

iShares 20+ Year Treasury Bond ETF BlackRock Fixed Income ETF TLT US 0.15% 1,361

iShares Core MSCI Total International Stock ETF BlackRock Equity ETF IXUS US 0.11% 1,248

Source: Deutsche Bank, Bloomberg Finance LP, FactSet.


21 July 2017


Figure 3: Top 20 ETPs by outflows ($ Million) (Includes ETNs also)



Net Flow

$ MM

SPDR S&P 500 ETF State Street Equity ETF SPY US 0.09% (9,503)

VanEck Vectors Gold Miners ETF VanEck Vectors Equity ETF GDX US 0.52% (3,165)

iShares iBoxx $ High Yield Corporate Bond ETF BlackRock Fixed Income ETF HYG US 0.50% (1,292)

iShares Russell 2000 ETF BlackRock Equity ETF IWM US 0.20% (1,263)

Technology Select Sector SPDR Fund State Street Equity ETF XLK US 0.14% (1,184)

SPDR S&P MidCap 400 ETF State Street Equity ETF MDY US 0.25% (949)

VanEck Vectors Junior Gold Miners ETF VanEck Vectors Equity ETF GDXJ US 0.54% (935)

iShares S&P Mid-Cap 400 Value ETF BlackRock Equity ETF IJJ US 0.25% (654)

iShares Russell 1000 Growth ETF BlackRock Equity ETF IWF US 0.20% (535)

Vanguard REIT ETF Vanguard Equity ETF VNQ US 0.12% (531)

iShares Intermediate Government/Credit Bond ETF BlackRock Fixed Income ETF GVI US 0.20% (488)

PowerShares S&P 500 High Beta Portfolio PowerShares Equity ETF SPHB US 0.25% (390)

Industrial Select Sector SPDR Fund State Street Equity ETF XLI US 0.14% (387)

iShares Russell 2000 Value ETF BlackRock Equity ETF IWN US 0.25% (379)

iShares Core S&P Mid-Cap ETF BlackRock Equity ETF IJH US 0.07% (373)

WisdomTree Japan Hedged Equity Fund WisdomTree Equity ETF DXJ US 0.48% (373)

iShares S&P 500 Value ETF BlackRock Equity ETF IVE US 0.18% (367)

PowerShares DB Commodity Index Tracking Fund PowerShares Commodity ETV DBC US 0.89% (349)

VanEck Vectors Russia ETF VanEck Vectors Equity ETF RSX US 0.63% (342)

iShares Core High Dividend ETF BlackRock Equity ETF HDV US 0.08% (316)

Source: Deutsche Bank, Bloomberg Finance LP, FactSet.

Figure 4: TOP 20 ETPs inflows* (% of AUM) (Includes ETNs also)



Net Flow

$ MM

Net Flow

% of AUM

iShares MSCI Global Gold Miners ETF BlackRock Equity ETF RING US 0.39% 222 152%

First Trust Developed Markets Ex-US AlphaDEX Fund First Trust Equity ETF FDT US 0.80% 263 130%

iShares Core 10+ Year USD Bond ETF BlackRock Fixed Income ETF ILTB US 0.08% 259 128%

First Trust RiverFront Dynamic Developed International ETF First Trust Equity ETF RFDI US 0.83% 98 90%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares DirexionShares Equity ETF GUSH US 0.95% 104 88%

iShares MSCI India Small-Cap ETF BlackRock Equity ETF SMIN US 0.74% 81 76%

iShares Currency Hedged MSCI Germany ETF BlackRock Equity ETF HEWG US 0.53% 372 76%

VelocityShares 3x Long Crude Oil ETN Citigroup Commodity ETN UWT US 1.50% 292 72%

ROBO Global Robotics and Automation Index ETF Exchange Traded Concepts Equity ETF ROBO US 0.85% 299 71%

KraneShares CSI China Internet ETF KraneShares Equity ETF KWEB US 0.68% 201 69%

VelocityShares 3x Long Natural Gas ETN Credit Suisse Commodity ETN UGAZ US 1.65% 304 66%

Vanguard International Dividend Appreciation ETF Vanguard Equity ETF VIGI US 0.25% 146 57%

CurrencyShares Euro Currency Trust Guggenheim Investments Currency ETV FXE US 0.40% 127 57%

iShares Core International Aggregate Bond ETF BlackRock Fixed Income ETF IAGG US 0.11% 143 56%

Vanguard Russell 3000 ETF Vanguard Equity ETF VTHR US 0.15% 170 54%

SPDR STOXX Europe 50 ETF State Street Equity ETF FEU US 0.29% 92 52%

First Trust Europe AlphaDEX Fund First Trust Equity ETF FEP US 0.80% 140 50%

iShares Core MSCI Europe ETF BlackRock Equity ETF IEUR US 0.10% 834 49%

Vanguard International High Dividend Yield ETF Vanguard Equity ETF VYMI US 0.32% 132 49%

iShares Convertible Bond ETF BlackRock Fixed Income ETF ICVT US 0.35% 59 48%

Source: Deutsche Bank, Bloomberg Finance LP *ETPs/ETNs which had less than $100mn at the start of the quarter were not included.


21 July 2017


Figure 5: Top 20 ETPs by outflows* (% of AUM) (Includes ETNs also)



Net Flow

$ MM

Net Flow

% of AUM

VelocityShares 3x Inverse Natural Gas ETN Credit Suisse Commodity ETN DGAZ US 1.65% (196) -82.1%

VelocityShares 3x Inverse Crude Oil ETN Citigroup Commodity ETN DWT US 1.50% (82) -79.9%

First Trust Latin America AlphaDEX Fund First Trust Equity ETF FLN US 0.82% (131) -77.2%

Barclays ETN+ S&P VEQTOR ETN Barclays Bank Multi Asset ETN VQT US 0.95% (78) -72.0%

First Trust Brazil AlphaDEX Fund First Trust Equity ETF FBZ US 0.83% (105) -71.8%

PowerShares S&P 500 High Beta Portfolio PowerShares Equity ETF SPHB US 0.25% (390) -70.4%

ProShares UltraShort DJ-UBS Crude Oil ProShares Commodity ETV SCO US 0.95% (134) -65.2%

First Trust Small Cap Value AlphaDEX Fund First Trust Equity ETF FYT US 0.70% (50) -43.3%

PowerShares DWA Energy Momentum Portfolio PowerShares Equity ETF PXI US 0.66% (84) -43.0%

Direxion Daily Junior Gold Miners Index Bear 3X Shares DirexionShares Equity ETF JDST US 0.95% (57) -42.7%

First Trust Energy AlphaDEX Fund First Trust Equity ETF FXN US 0.70% (212) -40.8%

Guggenheim S&P Midcap 400 Pure Value ETF Guggenheim Investments Equity ETF RFV US 0.35% (86) -40.6%

PowerShares DWA Tactical Sector Rotation Portfolio PowerShares Equity ETF DWTR US 0.15% (45) -36.2%

VanEck Vectors Semiconductor ETF VanEck Vectors Equity ETF SMH US 0.35% (250) -35.0%

PowerShares Dynamic Media Portfolio PowerShares Equity ETF PBS US 0.63% (51) -34.4%

WBI Tactical Income Shares Millington Securities Multi Asset ETF WBII US 1.05% (83) -34.0%

ETRACS DJ-UBS Commodity Index Total Return UBS Commodity ETN DJCI US 0.50% (38) -33.3%

Direxion Daily S&P Biotech Bull 3X Shares DirexionShares Equity ETF LABU US 0.95% (88) -32.4%

iShares MSCI All Peru Capped ETF BlackRock Equity ETF EPU US 0.62% (76) -31.3%

SPDR Bloomberg Barclays Mortgage Backed Bond ETF State Street Fixed Income ETF MBG US 0.24% (100) -30.8%

Source: Deutsche Bank, Bloomberg Finance LP *ETPs/ETNs which had less than $100mn at the start of the quarter were not included.


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EQUITY ETPs

ETP NameBBG

TickerIssuer

Structure &

StrategyExchange

EM / Sub Region Country Cap. Size Style TER

ADV

$MM

Net

Flows

$MM

AUM

$MM

Developed Markets

Broad Indices

Vanguard FTSE Europe ETF VGK US VGK Vanguard ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.10% 287.0 4,045.0 16,177

iShares Europe ETF IEV US IEV BlackRock ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.60% 34.0 419.5 3,020

Deutsche X-trackers MSCI Europe Hedged Equity ETF DBEU US DBEU.K Deutsche AM ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.45% 34.0 290.7 2,650

iShares Core MSCI Europe ETF IEUR US IEUR.K BlackRock ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.10% 18.5 833.9 2,624

SPDR STOXX Europe 50 ETF FEU US FEU State Street ETF 1L (P) NYSE Arca DM Europe Overall Large Cap Blend 0.29% 2.9 91.7 278

IQ 50 Percent Hedged FTSE Europe ETF HFXE US HFXE.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.45% 0.9 50.7 132

iShares MSCI Europe Small-Cap ETF IEUS US IEUS.O BlackRock ETF 1L (P) Nasdaq DM Europe Overall Small Cap Blend 0.40% 0.9 28.4 124

O'Shares FTSE Europe Quality Dividend ETF OEUR US OEUR.K O'Shares Investments ETF 1L (P) NYSE Arca DM Europe Overall Broad Dividend 0.58% 0.6 19.9 63

Global X FTSE Nordic Region ETF GXF US GXF Global X Funds ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.50% 0.2 1.1 36

O'Shares FTSE Europe Quality Dividend Hedged ETF OEUH US OEUH.K O'Shares Investments ETF 1L (P) NYSE Arca DM Europe Overall Broad Dividend 0.68% 0.2 2.8 17

BLDRS Europe 100 ADR Index Fund ADRU US ADRU.O PowerShares ETF 1L (P) Nasdaq DM Europe Overall Large Cap Blend 0.30% 0.0 - 14

Direxion Daily European Financials Bull 2X Shares EUFL US EUFL.K DirexionShares ETF 2L (P) NYSE Arca DM Europe Overall Broad Blend 0.80% 0.1 2.1 7

ProShares Hedged FTSE Europe ETF HGEU US HGEU.K ProShares ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.27% 0.0 1.0 5

Deutsche X-trackers MSCI Southern Europe Hedged Equity ETF DBSE US DBSE.K Deutsche AM ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.45% - - 2

Direxion Daily European Financials Bear 1X Shares EUFS US EUFS.K DirexionShares ETF 1S (P) NYSE Arca DM Europe Overall Broad Blend 0.45% 0.0 (0.9) 2

iShares MSCI Eurozone ETF EZU US EZU BlackRock ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Blend 0.48% 289.2 3,464.4 13,117

WisdomTree Europe Hedged Equity Fund HEDJ US HEDJ.K WisdomTree ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Blend 0.58% 104.4 77.2 9,269

SPDR EURO STOXX 50 ETF FEZ US FEZ State Street ETF 1L (P) NYSE Arca DM Eurozone Overall Large Cap Blend 0.29% 162.7 1,235.9 4,145

iShares Currency Hedged MSCI Eurozone ETF HEZU US HEZU.K BlackRock ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Blend 0.51% 29.6 279.4 1,590

WisdomTree Europe Hedged SmallCap Equity Fund EUSC US EUSC.K WisdomTree ETF 1L (P) NYSE Arca DM Eurozone Overall Small Cap Blend 0.58% 1.3 (3.8) 157

Deutsche X-trackers Eurozone Hedged Equity ETF DBEZ US DBEZ.K Deutsche AM ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Blend 0.45% 0.8 10.2 63

SPDR Euro Stoxx 50 Currency Hedged ETF HFEZ US HFEZ.K State Street ETF 1L (P) NYSE Arca DM Eurozone Overall Large Cap Blend 0.32% 0.2 3.9 27

SPDR EURO STOXX Small Cap ETF SMEZ US SMEZ.K State Street ETF 1L (P) NYSE Arca DM Eurozone Overall Small Cap Blend 0.45% 0.1 - 14

PowerShares Europe Currency Hedged Low Volatility Portfolio FXEU US FXEU.K PowerShares ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Blend 0.25% 0.1 (1.2) 6

Deutsche X-trackers MSCI Eurozone High Dividend Yield Hedged EHDEZ US HDEZ.K Deutsche AM ETF 1L (P) NYSE Arca DM Eurozone Overall Broad Dividend 0.45% 0.0 1.3 4

iShares Adaptive Currency Hedged MSCI Eurozone ETF DEZU US DEZU.Z BlackRock ETF 1L (P) BATS DM Eurozone Overall Broad Blend 0.50% 0.0 - 3

WisdomTree Dynamic Currency Hedged Europe Equity Fund DDEZ US DDEZ.Z WisdomTree ETF 1L (P) BATS DM Eurozone Overall Broad Blend 0.43% 0.0 - 1


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ETP NameTicker

RIC IssuerStructure &

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ADV

$MM

Net

Flows

$MM

AUM

$MM

Vanguard Total World Stock ETF VT US VT Vanguard ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.11% 58.8 1,006.8 8,512

iShares Global 100 ETF IOO US IOO BlackRock ETF 1L (P) NYSE Arca DM Global Overall Large Cap Blend 0.40% 3.0 (44.2) 1,587

iShares MSCI World ETF URTH US URTH.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.24% 3.7 64.0 497

SPDR Global Dow ETF DGT US DGT State Street ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.50% 0.1 - 88

iShares MSCI Kokusai ETF TOK US TOK BlackRock ETF 1L (P) NYSE Arca DM Global ex Japan Overall Broad Blend 0.25% 5.1 (2.4) 179

iShares MSCI EAFE ETF EFA US EFA BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.33% 1,309.4 6,225.5 76,502

Vanguard FTSE Developed Markets ETF VEA US VEA Vanguard ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.07% 338.4 5,534.5 55,615

iShares Core MSCI EAFE ETF IEFA US IEFA.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.08% 277.8 7,036.3 29,270

Schwab International Equity ETF SCHF US SCHF.K Charles Schwab ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.07% 52.1 1,578.2 10,359

Deutsche X-trackers MSCI EAFE Currency-Hedged Equity ETF DBEF US DBEF.K Deutsche AM ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.35% 46.5 80.5 8,522

iShares Currency Hedged MSCI EAFE ETF HEFA US HEFA.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.36% 36.3 583.9 4,561

SPDR S&P World ex-US ETF GWL US GWL State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.34% 7.0 122.9 962

WisdomTree Dynamic Currency Hedged International Equity

Fund

DDWM US DDWM.Z WisdomTree ETF 1L (P) BATS DM Global ex US Overall Small Cap Blend 0.35% 2.2 64.3 451

IQ 50 Percent Hedged FTSE International ETF HFXI US HFXI.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.35% 2.0 93.6 302

BLDRS Developed Markets 100 ADR Index Fund ADRD US ADRD.O PowerShares ETF 1L (P) Nasdaq DM Global ex US Overall Large Cap Blend 0.30% 0.1 (1.1) 60

iShares Core MSCI International Developed Markets ETF IDEV US IDEV.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.07% 0.1 - 32

Deutsche X-trackers MSCI EAFE High Dividend Yield Hedged

Equity ETF

HDEF US HDEF.K Deutsche AM ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.45% 0.0 - 5

WisdomTree Dynamic Currency Hedged International SmallCap

Equity Fund

DDLS US DDLS.Z WisdomTree ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.43% 0.0 1.5 3

Deutsche X-trackers MSCI EAFE Small Cap Hedged Equity ETF DBES US DBES.K Deutsche AM ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.45% 0.0 - 3

iShares Adaptive Currency Hedged MSCI EAFE ETF DEFA US DEFA.Z BlackRock ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.35% 0.0 - 3

Vanguard FTSE Pacific ETF VPL US VPL Vanguard ETF 1L (P) NYSE Arca DM Pacific Overall Broad Blend 0.10% 24.5 445.3 4,259

iShares Core MSCI Pacific ETF IPAC US IPAC.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Overall Broad Blend 0.10% 3.9 116.3 1,020

iShares MSCI Pacific ex Japan ETF EPP US EPP BlackRock ETF 1L (P) NYSE Arca DM Pacific ex Japan Overall Broad Blend 0.49% 25.7 119.0 2,946

Countries

iShares MSCI Australia ETF EWA US EWA BlackRock ETF 1L (P) NYSE Arca DM Pacific Australia Broad Blend 0.48% 48.9 (182.9) 1,698

iShares Currency Hedged MSCI Australia ETF HAUD US HAUD.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Australia Broad Blend 0.51% 0.0 - 4

iShares MSCI Austria Capped ETF EWO US EWO BlackRock ETF 1L (P) NYSE Arca DM Eurozone Austria Broad Blend 0.48% 3.7 40.4 188

iShares MSCI Belgium Capped ETF EWK US EWK BlackRock ETF 1L (P) NYSE Arca DM Eurozone Belgium Broad Blend 0.48% 2.1 (14.6) 72

iShares MSCI Canada ETF EWC US EWC BlackRock ETF 1L (P) NYSE Arca DM North America Canada Broad Blend 0.48% 69.3 (124.1) 3,047

iShares Currency Hedged MSCI Canada ETF HEWC US HEWC.K BlackRock ETF 1L (P) NYSE Arca DM North America Canada Broad Blend 0.51% 0.0 - 2

iShares MSCI Denmark Capped ETF EDEN US EDEN.Z BlackRock ETF 1L (P) BATS DM Europe Denmark Broad Blend 0.53% 1.3 (11.9) 56

iShares MSCI Finland Capped ETF EFNL US EFNL.Z BlackRock ETF 1L (P) BATS DM Eurozone Finland Broad Blend 0.53% 0.4 2.0 37

iShares MSCI France ETF EWQ US EWQ BlackRock ETF 1L (P) NYSE Arca DM Eurozone France Broad Blend 0.48% 36.7 125.1 531

iShares MSCI Germany ETF EWG US EWG BlackRock ETF 1L (P) NYSE Arca DM Eurozone Germany Broad Blend 0.48% 90.0 488.3 5,104

iShares Currency Hedged MSCI Germany ETF HEWG US HEWG.K BlackRock ETF 1L (P) NYSE Arca DM Eurozone Germany Broad Blend 0.53% 13.4 371.7 867

WisdomTree Germany Hedged Equity Fund DXGE US DXGE.O WisdomTree ETF 1L (P) Nasdaq DM Eurozone Germany Broad Dividend 0.48% 0.7 (1.6) 122

Deutsche X-trackers MSCI Germany Hedged Equity ETF DBGR US DBGR.K Deutsche AM ETF 1L (P) NYSE Arca DM Eurozone Germany Broad Blend 0.50% 0.8 (16.5) 54

Horizons DAX Germany ETF DAX US DAX.O Horizons Management ETF 1L (P) Nasdaq DM Eurozone Germany Broad Blend 0.45% 0.1 - 13

Global X MSCI Greece 20 ETF GREK US GREK.K Global X Funds ETF 1L (P) NYSE Arca DM Eurozone Greece Large Cap Blend 0.65% 6.1 66.6 418


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iShares MSCI Hong Kong ETF EWH US EWH BlackRock ETF 1L (P) NYSE Arca DM Pacific Hong Kong Broad Blend 0.48% 58.2 37.0 1,764

iShares MSCI Ireland Capped ETF EIRL US EIRL.K BlackRock ETF 1L (P) NYSE Arca DM Eurozone Ireland Broad Blend 0.48% 0.4 (2.1) 67

iShares MSCI Israel Capped ETF EIS US EIS BlackRock ETF 1L (P) NYSE Arca DM Middle East Israel Broad Blend 0.62% 0.9 (18.0) 100

VanEck Vectors Israel ETF ISRA US ISRA.K VanEck Vectors ETF 1L (P) NYSE Arca DM Middle East Israel Broad Blend 0.59% 0.1 1.5 43

BlueStar TA-BIGTech Israel Technology ETF ITEQ US ITEQ.O ETFMG ETF 1L (P) Nasdaq DM Middle East Israel Broad Blend 0.75% 0.4 10.2 21

iShares MSCI Italy Capped ETF EWI US EWI BlackRock ETF 1L (P) NYSE Arca DM Eurozone Italy Broad Blend 0.48% 23.2 (20.6) 590

iShares Currency Hedged MSCI Italy ETF HEWI US HEWI.K BlackRock ETF 1L (P) NYSE Arca DM Eurozone Italy Broad Blend 0.48% 0.1 - 7

Deutsche X-trackers MSCI Italy Hedged Equity ETF DBIT US DBIT.K Deutsche AM ETF 1L (P) NYSE Arca DM Eurozone Italy Broad Blend 0.45% 0.0 - 2

iShares MSCI Japan ETF EWJ US EWJ BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.48% 303.2 878.7 17,286

WisdomTree Japan Hedged Equity Fund DXJ US DXJ WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.48% 159.9 (372.9) 8,260

Deutsche X-trackers MSCI Japan Currency-Hedged Equity ETF DBJP US DBJP.K Deutsche AM ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.50% 15.9 4.3 1,788

iShares Currency Hedged MSCI Japan ETF HEWJ US HEWJ.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.48% 34.2 114.6 1,225

WisdomTree Japan Hedged SmallCap Equity Fund DXJS US DXJS.O WisdomTree ETF 1L (P) Nasdaq DM Pacific Japan Small Cap Dividend 0.58% 0.9 11.9 134

iShares JPX-Nikkei 400 ETF JPXN US JPXN.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.48% 0.2 - 87

IQ 50 Percent Hedged FTSE Japan ETF HFXJ US HFXJ.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.45% 0.0 - 29

Deutsche X-trackers Japan JPX-Nikkei 400 Equity ETF JPN US JPN Deutsche AM ETF 1L (P) NYSE Arca DM Pacific Japan Large Cap Blend 0.40% 0.2 (6.3) 11

iShares Adaptive Currency Hedged MSCI Japan ETF DEWJ US DEWJ.Z BlackRock ETF 1L (P) BATS DM Pacific Japan Broad Blend 0.47% 0.0 - 5

ProShares Hedged FTSE Japan ETF HGJP US HGJP.K ProShares ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.23% 0.0 - 4

WisdomTree Dynamic Currency Hedged Japan Equity Fund DDJP US DDJP.Z WisdomTree ETF 1L (P) BATS DM Pacific Japan Broad Blend 0.43% 0.0 - 3

iShares Currency Hedged JPX-Nikkei 400 ETF HJPX US HJPX.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.48% 0.0 - 3

iShares MSCI Netherlands ETF EWN US EWN BlackRock ETF 1L (P) NYSE Arca DM Eurozone Netherlands Broad Blend 0.48% 5.6 5.8 184

iShares MSCI New Zealand Capped ETF ENZL US ENZL.K BlackRock ETF 1L (P) NYSE Arca DM Pacific New Zealand Broad Blend 0.48% 2.7 9.0 168

Global X FTSE Norway 30 ETF NORW US NORW.K Global X Funds ETF 1L (P) NYSE Arca DM Europe Norway Large Cap Blend 0.50% 0.7 (5.7) 115

iShares MSCI Norway Capped ETF ENOR US ENOR.Z BlackRock ETF 1L (P) BATS DM Europe Norway Broad Blend 0.53% 0.6 4.5 29

Global X MSCI Portugal ETF PGAL US PGAL.K Global X Funds ETF 1L (P) NYSE Arca DM Eurozone Portugal Large Cap Blend 0.61% 0.6 16.6 42

iShares MSCI Singapore Capped ETF EWS US EWS BlackRock ETF 1L (P) NYSE Arca DM Pacific Singapore Broad Blend 0.48% 10.7 42.1 589

iShares MSCI Spain Capped ETF EWP US EWP BlackRock ETF 1L (P) NYSE Arca DM Eurozone Spain Broad Blend 0.48% 38.2 377.4 1,446

iShares Currency Hedged MSCI Spain ETF HEWP US HEWP.K BlackRock ETF 1L (P) NYSE Arca DM Eurozone Spain Broad Blend 0.51% 0.2 - 57

iShares MSCI Sweden Caped ETF EWD US EWD BlackRock ETF 1L (P) NYSE Arca DM Europe Sweden Broad Blend 0.48% 11.9 82.9 430

iShares MSCI Switzerland Capped ETF EWL US EWL BlackRock ETF 1L (P) NYSE Arca DM Europe Switzerland Broad Blend 0.48% 26.2 (6.4) 1,176

iShares Currency Hedged MSCI Switzerland ETF HEWL US HEWL.K BlackRock ETF 1L (P) NYSE Arca DM Europe Switzerland Broad Blend 0.51% 0.1 1.4 5

iShares MSCI United Kingdom ETF EWU US EWU BlackRock ETF 1L (P) NYSE Arca DM Europe UK Broad Blend 0.48% 77.7 (176.1) 2,556

iShares Currency Hedged MSCI United Kingdom ETF HEWU US HEWU.K BlackRock ETF 1L (P) NYSE Arca DM Europe UK Broad Blend 0.48% 1.6 (62.4) 25

WisdomTree United Kingdom Hedged Equity Fund DXPS US DXPS.O WisdomTree ETF 1L (P) Nasdaq DM Europe UK Broad Dividend 0.48% 0.1 (2.4) 16

Deutsche X-trackers MSCI United Kingdom Hedged Equity ETF DBUK US DBUK.K Deutsche AM ETF 1L (P) NYSE Arca DM Europe UK Broad Blend 0.45% 0.0 - 5

Vanguard Total Stock Market ETF VTI US VTI Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.04% 262.5 1,721.1 79,832

iShares Core S&P Total U.S. Stock Market ETF ITOT US ITOT.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.03% 48.6 1,395.4 9,648

Schwab U.S. Broad Market ETF SCHB US SCHB.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.03% 29.4 407.9 9,195

iShares Russell 3000 ETF IWV US IWV BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.20% 21.6 141.9 7,743


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AUM

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Vanguard Extended Market ETF VXF US VXF Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 23.7 (56.9) 4,977

Fidelity Nasdaq Composite Index Tracking Stock ONEQ US ONEQ.O Fidelity Investments ETF 1L (P) Nasdaq DM North America US Broad Blend 0.21% 8.1 143.8 1,206

iShares Dow Jones U.S. ETF IYY US IYY BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.20% 2.7 (30.0) 1,097

Vanguard Russell 3000 ETF VTHR US VTHR.O Vanguard ETF 1L (P) Nasdaq DM North America US Broad Blend 0.15% 1.2 169.5 492

SPDR Russell 3000 ETF THRK US THRK.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.11% 1.0 17.7 415

VictoryShares Dividend Accelerator ETF VSDA US VSDA.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.35% 0.1 3.8 4

Emerging Markets

Broad Indices

VanEck Vectors Africa Index ETF AFK US AFK VanEck Vectors ETF 1L (P) NYSE Arca EM Africa Overall Broad Blend 0.78% 0.2 - 71

iShares MSCI Emerging Markets Asia ETF EEMA US EEMA.O BlackRock ETF 1L (P) Nasdaq EM Asia Overall Broad Blend 0.49% 1.7 25.0 365

First Trust ISE Chindia Index Fund FNI US FNI First Trust ETF 1L (P) NYSE Arca EM Asia Overall Broad Blend 0.60% 1.1 35.8 265

Global X FTSE Southeast Asia ETF ASEA US ASEA.K Global X Funds ETF 1L (P) NYSE Arca EM Asia Overall Large Cap Blend 0.65% 0.1 - 12

iShares MSCI BRIC ETF BKF US BKF BlackRock ETF 1L (P) NYSE Arca EM BRIC Overall Broad Blend 0.69% 6.1 14.6 232

Guggenheim BRIC ETF EEB US EEB Guggenheim Investments ETF 1L (P) NYSE Arca EM BRIC Overall Broad Blend 0.64% 0.3 (3.3) 80

SPDR S&P Emerging Europe ETF GUR US GUR State Street ETF 1L (P) NYSE Arca EM Europe Overall Broad Blend 0.49% 0.4 3.0 52

Vanguard FTSE Emerging Markets ETF VWO US VWO Vanguard ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.14% 442.2 3,186.8 55,647

iShares Core MSCI Emerging Markets ETF IEMG US IEMG.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.14% 364.4 4,356.8 32,494

iShares MSCI Emerging Markets ETF EEM US EEM BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.69% 2,096.6 963.1 32,281

Schwab Emerging Markets Equity ETF SCHE US SCHE.K Charles Schwab ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.13% 22.1 605.3 3,633

iShares MSCI Frontier 100 ETF FM US FM BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.79% 3.9 8.6 606

SPDR S&P Emerging Markets ETF GMM US GMM State Street ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.59% 2.5 78.1 419

iShares Currency Hedged MSCI Emerging Markets ETF HEEM US HEEM.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.69% 0.7 1.2 296

Deutsche X-trackers MSCI Emerging Markets Currency-Hedged

Equity ETF

DBEM US DBEM.K Deutsche AM ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.65% 1.0 - 190

First Trust BICK Index Fund BICK US BICK.O First Trust ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.64% 0.7 150.4 161

BLDRS Emerging Markets 50 ADR Index Fund ADRE US ADRE.O PowerShares ETF 1L (P) Nasdaq EM Global Overall Large Cap Blend 0.30% 0.3 (1.9) 138

Columbia Beyond BRICs ETF BBRC US BBRC.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.58% 0.1 (3.4) 73

Guggenheim Frontier Markets ETF FRN US FRN Guggenheim Investments ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.70% 0.3 4.1 67

WisdomTree Emerging Markets Consumer Growth Fund EMCG US EMCG.O WisdomTree ETF 1L (P) Nasdaq EM Global Overall Broad Growth 0.32% 0.1 - 26

Guggenheim MSCI Emerging Markets Equal Country Weight

ETF

EWEM US EWEM.K Guggenheim Investments ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.70% 0.1 3.2 16

Global X Next Emerging & Frontier ETF EMFM US EMFM.K Global X Funds ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.58% 0.0 - 15

Global X MSCI SuperDividend Emerging Markets ETF SDEM US SDEM.K Global X Funds ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.65% 0.1 0.8 12

Columbia EM Core ex-China ETF XCEM US XCEM.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.35% 0.2 (2.5) 9

Columbia EM Strategic Opportunities ETF EMDD US EMDD.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.85% 0.0 (2.0) 6

WisdomTree Emerging Markets EX-State-Owned Enterprises

Fund

XSOE US XSOE.K WisdomTree ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.32% 0.1 2.7 5

Columbia Emerging Markets Core ETF EMCR US EMCR.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.70% 0.0 - 5

KraneShares FTSE Emerging Markets Plus ETF KEMP US KEMP.Z KraneShares ETF 1L (P) BATS EM Global Overall Broad Blend 0.68% 0.0 - 2

Deutsche X-trackers MSCI Emerging Markets High Dividend

Yield Hedged Equity ETF

HDEE US HDEE.K Deutsche AM ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.65% 0.0 - 2

iShares Latin America 40 ETF ILF US ILF BlackRock ETF 1L (P) NYSE Arca EM Latin America Overall Broad Blend 0.49% 40.1 (107.5) 925

SPDR S&P Emerging Latin America ETF GML US GML State Street ETF 1L (P) NYSE Arca EM Latin America Overall Broad Blend 0.49% 0.3 5.1 34


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Global X FTSE Andean 40 ETF AND US AND Global X Funds ETF 1L (P) NYSE Arca EM Latin America Overall Large Cap Blend 0.72% 0.1 - 6

BullMark LatAm Select Leaders ETF BMLA US BMLA.O Horizons Management ETF 1L (P) Nasdaq EM Latin America Overall Large Cap Blend 0.70% 0.0 - 3

SPDR S&P Emerging Middle East & Africa ETF GAF US GAF State Street ETF 1L (P) NYSE Arca EM Middle East & Africa Overall Broad Blend 0.49% 0.0 (3.0) 24

Countries

Global X MSCI Argentina ETF ARGT US ARGT.K Global X Funds ETF 1L (P) NYSE Arca EM Latin America Argentina Large Cap Blend 0.75% 2.7 30.1 169

iShares MSCI Argentina and Global Exposure ETF AGT US AGT.Z BlackRock ETF 1L (P) BATS EM Latin America Argentina Broad Blend 0.59% 0.3 20.5 20

iShares MSCI Brazil Capped ETF EWZ US EWZ BlackRock ETF 1L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.62% 670.2 438.8 5,505

Deutsche X-trackers MSCI Brazil Currency-Hedged Equity ETF DBBR US DBBR.K Deutsche AM ETF 1L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.60% 0.0 - 4

iShares MSCI Chile Capped ETF ECH US ECH BlackRock ETF 1L (P) NYSE Arca EM Latin America Chile Broad Blend 0.62% 17.0 (30.9) 426

iShares China Large-Cap ETF FXI US FXI BlackRock ETF 1L (P) NYSE Arca EM Asia China Large Cap Blend 0.74% 571.0 (34.3) 3,163

iShares MSCI China ETF MCHI US MCHI.K BlackRock ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.64% 80.3 61.5 2,465

SPDR S&P China ETF GXC US GXC State Street ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.59% 5.9 - 894

Deutsche X-trackers Harvest CSI 300 China A-Shares ETF ASHR US ASHR.K Deutsche AM ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 20.1 20.1 453

KraneShares Bosera MSCI China A ETF KBA US KBA KraneShares ETF 1L (P) NYSE Arca EM Asia China Large Cap Blend 1.10% 3.9 146.7 206

PowerShares Golden Dragon China Portfolio PGJ US PGJ PowerShares ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.70% 1.1 15.3 177

VanEck Vectors ChinaAMC A-Share ETF PEK US PEK VanEck Vectors ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.72% 0.7 (10.3) 87

VanEck Vectors ChinaAMC SME-ChiNext ETF CNXT US CNXT.K VanEck Vectors ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.68% 0.2 (1.5) 24

Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap

ETF

ASHS US ASHS.K Deutsche AM ETF 1L (P) NYSE Arca EM Asia China Small Cap Blend 0.82% 0.3 - 21

Guggenheim China All-Cap ETF YAO US YAO Guggenheim Investments ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.70% 0.1 - 21

iShares MSCI China A ETF CNYA US CNYA.Z BlackRock ETF 1L (P) BATS EM Asia China Broad Blend 0.65% 0.1 - 10

CSOP FTSE China A50 ETF AFTY US AFTY.K CSOP Asset Management ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.99% 0.1 (0.7) 6

Deutsche X-trackers MSCI All China Equity ETF CN US CN Deutsche AM ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.71% 0.1 - 5

KraneShares Zacks New China ETF KFYP US KFYP.K KraneShares ETF 1L (P) NYSE Arca EM Asia China Large Cap Blend 0.71% 0.0 - 4

Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF ASHX US ASHX.K Deutsche AM ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.85% 0.0 - 3

SPDR MSCI China A Shares IMI ETF XINA US XINA.K State Street ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.0 - 2

CSOP China CSI 300 A-H Dynamic ETF HAHA US HAHA.K CSOP Asset Management ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.75% 0.0 - 1

CSOP MSCI China A International Hedged ETF CNHX US CNHX.K CSOP Asset Management ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.79% 0.0 - 1

Global X FTSE Colombia 20 ETF GXG US GXG Global X Funds ETF 1L (P) NYSE Arca EM Latin America Colombia Broad Blend 0.68% 1.3 (10.1) 92

iShares MSCI Colombia Capped ETF ICOL US ICOL.K BlackRock ETF 1L (P) NYSE Arca EM Latin America Colombia Broad Blend 0.61% 0.1 0.7 19

VanEck Vectors Egypt Index ETF EGPT US EGPT.K VanEck Vectors ETF 1L (P) NYSE Arca EM Africa Egypt Broad Blend 0.98% 0.7 4.2 58

iShares MSCI India ETF INDA US INDA.Z BlackRock ETF 1L (P) BATS EM Asia India Broad Blend 0.68% 87.3 157.8 5,017

iShares India 50 ETF INDY US INDY.O BlackRock ETF 1L (P) Nasdaq EM Asia India Broad Blend 0.93% 7.0 132.4 1,012

PowerShares India Portfolio PIN US PIN PowerShares ETF 1L (P) NYSE Arca EM Asia India Broad Blend 0.81% 2.9 - 261

iShares MSCI India Small-Cap ETF SMIN US SMIN.Z BlackRock ETF 1L (P) BATS EM Asia India Small Cap Blend 0.74% 3.5 81.2 195

iShares MSCI Indonesia ETF EIDO US EIDO.K BlackRock ETF 1L (P) NYSE Arca EM Asia Indonesia Broad Blend 0.62% 18.8 (18.6) 500

VanEck Vectors Indonesia Index ETF IDX US IDX VanEck Vectors ETF 1L (P) NYSE Arca EM Asia Indonesia Broad Blend 0.57% 0.9 (17.5) 78

iShares MSCI Malaysia ETF EWM US EWM BlackRock ETF 1L (P) NYSE Arca EM Asia Malaysia Broad Blend 0.48% 18.7 68.5 425

iShares MSCI Mexico Capped ETF EWW US EWW BlackRock ETF 1L (P) NYSE Arca EM Latin America Mexico Broad Blend 0.48% 128.4 (310.7) 1,305

iShares Currency Hedged MSCI Mexico ETF HEWW US HEWW.K BlackRock ETF 1L (P) NYSE Arca EM Latin America Mexico Broad Blend 0.51% 0.0 - 3


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Deutsche X-trackers MSCI Mexico Hedged Equity ETF DBMX US DBMX.K Deutsche AM ETF 1L (P) NYSE Arca EM Latin America Mexico Broad Blend 0.50% 0.0 - 3

Global X MSCI Nigeria ETF NGE US NGE Global X Funds ETF 1L (P) NYSE Arca EM Africa Nigeria Broad Blend 0.68% 0.7 9.2 57

Global X MSCI Pakistan ETF PAK US PAK Global X Funds ETF 1L (P) NYSE Arca EM Asia Pakistan Broad Blend 0.88% 1.1 2.8 34

iShares MSCI All Peru Capped ETF EPU US EPU BlackRock ETF 1L (P) NYSE Arca EM Latin America Peru Broad Blend 0.62% 3.4 (76.3) 166

iShares MSCI Philippines ETF EPHE US EPHE.K BlackRock ETF 1L (P) NYSE Arca EM Asia Philippines Broad Blend 0.62% 7.3 12.6 184

iShares MSCI Poland Capped ETF EPOL US EPOL.K BlackRock ETF 1L (P) NYSE Arca EM Europe Poland Broad Blend 0.62% 6.6 46.2 331

VanEck Vectors Poland ETF PLND US PLND.P VanEck Vectors ETF 1L (P) NYSE Arca EM Europe Poland Broad Blend 0.60% 0.1 (0.9) 18

iShares MSCI Qatar Capped ETF QAT US QAT.O BlackRock ETF 1L (P) Nasdaq EM Middle East Qatar Broad Blend 0.63% 0.5 3.6 44

VanEck Vectors Russia ETF RSX US RSX VanEck Vectors ETF 1L (P) NYSE Arca EM Europe Russia Broad Blend 0.63% 163.4 (342.2) 1,936

iShares MSCI Russia Capped ETF ERUS US ERUS.K BlackRock ETF 1L (P) NYSE Arca EM Europe Russia Broad Blend 0.62% 14.0 0.5 454

SPDR S&P Russia ETF RBL US RBL State Street ETF 1L (P) NYSE Arca EM Europe Russia Broad Blend 0.59% 0.2 (4.7) 25

iShares MSCI Saudi Arabia Capped ETF KSA US KSA.O BlackRock ETF 1L (P) Nasdaq EM Middle East Saudi Arabia Broad Blend 0.74% 0.4 8.9 16

iShares MSCI South Africa ETF EZA US EZA BlackRock ETF 1L (P) NYSE Arca EM Africa South Africa Broad Blend 0.62% 24.7 (5.8) 408

iShares MSCI South Korea Capped ETF EWY US EWY BlackRock ETF 1L (P) NYSE Arca EM Asia South Korea Broad Blend 0.62% 167.4 148.7 3,743

Deutsche X-trackers MSCI South Korea Hedged Equity ETF DBKO US DBKO.K Deutsche AM ETF 1L (P) NYSE Arca EM Asia South Korea Broad Blend 0.58% 0.2 (2.6) 30

iShares Currency Hedged MSCI South Korea ETF HEWY US HEWY.K BlackRock ETF 1L (P) NYSE Arca EM Asia South Korea Broad Blend 0.62% 0.0 - 1

iShares MSCI Capped Taiwan ETF EWT US EWT BlackRock ETF 1L (P) NYSE Arca EM Asia Taiwan Broad Blend 0.62% 134.2 117.5 3,623

iShares MSCI Thailand Capped ETF THD US THD BlackRock ETF 1L (P) NYSE Arca EM Asia Thailand Broad Blend 0.62% 12.8 (42.8) 393

iShares MSCI Turkey ETF TUR US TUR BlackRock ETF 1L (P) NYSE Arca EM Europe Turkey Broad Blend 0.62% 13.6 (71.8) 395

iShares MSCI UAE Capped ETF UAE US UAE.O BlackRock ETF 1L (P) Nasdaq EM Middle East UAE Broad Blend 0.63% 0.2 5.1 47

VanEck Vectors Vietnam ETF VNM US VNM VanEck Vectors ETF 1L (P) NYSE Arca EM Asia Vietnam Broad Blend 0.76% 2.3 (2.7) 305

Global

Broad Indices

iShares MSCI All Country Asia ex Japan ETF AAXJ US AAXJ.O BlackRock ETF 1L (P) Nasdaq Overall Asia ex Japan Overall Broad Blend 0.69% 72.8 499.2 3,656

SPDR S&P Emerging Asia Pacific ETF GMF US GMF State Street ETF 1L (P) NYSE Arca Overall Asia Pacific Overall Broad Blend 0.49% 1.9 - 356

BLDRS Asia 50 ADR Index Fund ADRA US ADRA.O PowerShares ETF 1L (P) Nasdaq Overall Asia Pacific Overall Large Cap Blend 0.30% 0.0 - 22

O'Shares FTSE Asia Pacific Quality Dividend ETF OASI US OASI.K O'Shares Investments ETF 1L (P) NYSE Arca Overall Asia Pacific Overall Broad Dividend 0.58% 0.1 - 11

O'Shares FTSE Asia Pacific Quality Dividend Hedged ETF OAPH US OAPH.K O'Shares Investments ETF 1L (P) NYSE Arca Overall Asia Pacific Overall Broad Dividend 0.68% 0.0 - 3

iShares Asia 50 ETF AIA US AIA BlackRock ETF 1L (P) NYSE Arca Overall Asia Pacific ex Japan Overall Broad Blend 0.50% 5.8 19.2 400

Deutsche X-trackers MSCI AC Asia Pacific ex Japan Hedged

Equity ETF

DBAP US DBAP.K Deutsche AM ETF 1L (P) NYSE Arca Overall Asia Pacific ex Japan Overall Broad Blend 0.60% 0.0 - 4

iShares MSCI ACWI ETF ACWI US ACWI.O BlackRock ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.33% 108.8 105.9 6,848

SPDR MSCI ACWI IMI ETF ACIM US ACIM.K State Street ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.25% 0.3 (6.9) 93

WisdomTree Global EX-Mexico Equity Fund XMX US XMX.K WisdomTree ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.35% 0.7 48.4 51

iShares Currency Hedged MSCI ACWI ETF HACW US HACW.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.36% 0.0 - 3

Vanguard FTSE All-World ex-US ETF VEU US VEU Vanguard ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.11% 92.6 1,363.0 18,962

Vanguard Total International Stock ETF VXUS US VXUS.O Vanguard ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.11% 38.9 791.9 8,605

iShares Core MSCI Total International Stock ETF IXUS US IXUS.K BlackRock ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.11% 38.0 1,248.1 6,289

iShares MSCI ACWI ex U.S. ETF ACWX US ACWX.O BlackRock ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.33% 20.9 128.9 2,288

SPDR MSCI ACWI ex-US ETF CWI US CWI State Street ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.34% 9.8 78.9 1,342


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Deutsche X-trackers MSCI All World ex US Hedged Equity ETF DBAW US DBAW.K Deutsche AM ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.40% 0.5 9.2 103

iShares Currency Hedged MSCI ACWI ex U.S. ETF HAWX US HAWX.K BlackRock ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.36% 0.5 11.5 86

Deutsche X-trackers MSCI All World ex US High Dividend Yield

Hedged Equity ETF

HDAW US HDAW.K Deutsche AM ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Dividend 0.45% 0.0 - 4

Size

Large Cap

SPDR S&P 500 ETF SPY US SPY State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.09% 17,262.5 (9,503.1) 236,351

iShares Core S&P 500 ETF IVV US IVV BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.04% 827.7 11,180.2 115,793

Vanguard S&P 500 ETF VOO US VOO Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.04% 423.8 4,658.9 70,139

PowerShares QQQ QQQ US QQQ.O PowerShares ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.20% 4,247.2 158.6 49,564

iShares Russell 1000 ETF IWB US IWB BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.15% 121.0 473.6 18,513

SPDR Dow Jones Industrial Average ETF DIA US DIA State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.17% 557.7 (47.4) 16,459

Guggenheim S&P Equal Weight ETF RSP US RSP Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 53.3 107.6 13,526

Vanguard Large-Cap ETF VV US VV Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.06% 24.2 232.8 9,643

Schwab U.S. Large-Cap ETF SCHX US SCHX.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.03% 34.3 646.8 9,111

iShares S&P 100 ETF OEF US OEF BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 44.7 2.6 4,713

Vanguard Mega Cap ETF MGC US MGC Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.07% 3.2 16.4 1,216

iShares Morningstar Large-Cap ETF JKD US JKD BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 3.2 35.8 849

Vanguard Russell 1000 ETF VONE US VONE.O Vanguard ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.12% 2.0 11.2 697

OppenheimerFunds Large Cap Revenue ETF RWL US RWL OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.49% 3.0 80.2 689

Guggenheim S&P 500 Top 50 ETF XLG US XLG Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 2.2 8.1 649

First Trust NASDAQ-100 Equal Weighted Index Fund QQEW US QQEW.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 3.6 78.9 560

John Hancock Multifactor Large Cap ETF JHML US JHML.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.9 40.5 367

PowerShares Russell 1000 Equal Weight Portfolio EQAL US EQAL.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 1.6 48.0 318

ALPS Equal Sector Weight ETF EQL US EQL ALPS ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.55% 0.4 - 163

SPDR Russell 1000 ETF ONEK US ONEK.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.11% 0.7 11.4 147

Direxion NASDAQ-100 Equal Weighted Index Shares QQQE US QQQE.K DirexionShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 1.9 23.4 143

iShares Russell Top 200 ETF IWL US IWL BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.15% 0.3 5.5 111

First Trust NASDAQ-100 Ex-Technology Sector Index Fund QQXT US QQXT.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 0.2 (2.2) 101

Horizons Nasdaq 100 Covered Call ETF QYLD US QYLD.O Horizons Management ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 0.7 20.1 93

Horizons S&P 500 Covered Call ETF HSPX US HSPX.K Horizons Management ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.65% 0.4 (7.2) 58

FlexShares US Quality Large Cap Index Fund QLC US QLC.O FlexShares ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.32% 0.1 (1.5) 24

SPDR MFS Systematic Core Equity ETF SYE US SYE State Street ETF 1L (A) NYSE Arca DM North America US Large Cap Blend 0.60% 0.0 - 7

ProShares S&P 500 Ex-Energy ETF SPXE US SPXE.K ProShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.27% 0.0 - 6

ProShares S&P 500 Ex-Health Care ETF SPXV US SPXV.K ProShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.27% 0.0 - 1

ProShares S&P 500 Ex-Financials ETF SPXN US SPXN.K ProShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.27% 0.0 - 1

ProShares S&P 500 Ex-Technology ETF SPXT US SPXT.K ProShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.27% 0.0 - 1

Mid Cap

Global X Brazil Mid Cap ETF BRAZ US BRAZ.K Global X Funds ETF 1L (P) NYSE Arca EM Latin America Brazil Mid Cap Blend 0.69% 0.0 - 4

iShares Core S&P Mid-Cap ETF IJH US IJH BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.07% 247.9 (373.0) 39,490


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Vanguard Mid-Cap ETF VO US VO Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.06% 65.7 568.7 19,640

SPDR S&P MidCap 400 ETF MDY US MDY State Street ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.25% 404.6 (948.9) 19,036

iShares Russell Mid-Cap ETF IWR US IWR BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.20% 53.3 (201.8) 15,678

Schwab U.S. Mid-Cap ETF SCHM US SCHM.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.06% 11.4 161.8 3,438

iShares Morningstar Mid-Cap ETF JKG US JKG BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.25% 1.8 8.4 751

Vanguard S&P Mid-Cap 400 ETF IVOO US IVOO.K Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.15% 4.2 (11.4) 729

OppenheimerFunds Mid Cap Revenue ETF RWK US RWK OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.54% 1.0 22.3 329

John Hancock Multifactor Mid Cap ETF JHMM US JHMM.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.45% 0.7 30.8 196

Guggenheim S&P MidCap 400 Equal Weight ETF EWMC US EWMC.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.40% 0.6 (3.0) 122

Small Cap

IQ Australia Small Cap ETF KROO US KROO.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM Pacific Australia Small Cap Blend 0.69% 0.0 (0.8) 8

VanEck Vectors Brazil Small-Cap ETF BRF US BRF VanEck Vectors ETF 1L (P) NYSE Arca EM Latin America Brazil Small Cap Blend 0.59% 1.2 (6.0) 93

iShares MSCI Brazil Small-Cap ETF EWZS US EWZS.K BlackRock ETF 1L (P) NYSE Arca EM Latin America Brazil Small Cap Blend 0.62% 1.1 (0.5) 54

IQ Canada Small Cap ETF CNDA US CNDA.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM North America Canada Small Cap Blend 0.69% 0.0 (0.8) 10

Guggenheim China Small Cap ETF HAO US HAO Guggenheim Investments ETF 1L (P) NYSE Arca EM Asia China Small Cap Blend 0.75% 0.3 (2.5) 88

iShares MSCI China Small-Cap ETF ECNS US ECNS.K BlackRock ETF 1L (P) NYSE Arca EM Asia China Small Cap Blend 0.62% 0.1 - 20

iShares MSCI Germany Small-Cap ETF EWGS US EWGS.Z BlackRock ETF 1L (P) BATS DM Eurozone Germany Small Cap Blend 0.59% 0.4 2.9 29

VanEck Vectors India Small-Cap Index ETF SCIF US SCIF.K VanEck Vectors ETF 1L (P) NYSE Arca EM Asia India Small Cap Blend 0.85% 5.6 65.7 313

Columbia India Small Cap ETF SCIN US SCIN.K Columbia Management ETF 1L (P) NYSE Arca EM Asia India Small Cap Blend 0.85% 0.3 2.8 30

iShares MSCI Japan Small-Cap ETF SCJ US SCJ BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Small Cap Blend 0.48% 1.7 13.7 146

iShares Currency Hedged MSCI Europe Small-Cap ETF HEUS US HEUS.Z BlackRock ETF 1L (P) BATS DM Europe Overall Small Cap Blend 0.43% 0.0 - 1

SPDR S&P Emerging Markets Small Cap ETF EWX US EWX State Street ETF 1L (P) NYSE Arca EM Global Overall Small Cap Blend 0.65% 4.5 64.0 447

iShares MSCI Emerging Markets Small-Cap ETF EEMS US EEMS.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall Small Cap Blend 0.69% 2.2 37.1 235

IQ Global Oil Small Cap ETF IOIL US IOIL.K IndexIQ Advisors ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.75% 0.0 - 2

iShares MSCI EAFE Small-Cap ETF SCZ US SCZ BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.40% 60.8 621.2 8,348

Vanguard FTSE All-World ex-US Small-Cap ETF VSS US VSS Vanguard ETF 1L (P) NYSE Arca Overall Global ex US Overall Small Cap Blend 0.13% 15.4 458.0 3,803

Schwab International Small-Cap Equity ETF SCHC US SCHC.K Charles Schwab ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.16% 5.4 159.2 1,370

SPDR S&P International Small Cap ETF GWX US GWX State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.40% 3.1 19.8 834

iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ US HSCZ.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.43% 0.0 7.1 13

VanEck Vectors Russia Small-Cap ETF RSXJ US RSXJ.K VanEck Vectors ETF 1L (P) NYSE Arca EM Europe Russia Small Cap Blend 0.67% 1.2 (15.8) 52

iShares MSCI United Kingdom Small-Cap ETF EWUS US EWUS.Z BlackRock ETF 1L (P) BATS DM Europe UK Small Cap Blend 0.59% 0.2 - 35

iShares Russell 2000 ETF IWM US IWM BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.20% 3,912.2 (1,262.6) 37,591

iShares Core S&P Small-Cap ETF IJR US IJR BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.07% 199.8 73.7 30,452

Vanguard Small-Cap ETF VB US VB Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.06% 89.7 348.8 18,654

Schwab U.S. Small-Cap ETF SCHA US SCHA.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.06% 28.4 56.9 5,369

FlexShares Morningstar US Market Factors Tilt Index Fund TILT US TILT.K FlexShares ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.27% 1.5 10.0 1,052

Vanguard Russell 2000 ETF VTWO US VTWO.O Vanguard ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.15% 7.4 32.4 1,049

iShares Micro-Cap ETF IWC US IWC BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.60% 2.7 (34.5) 850

SPDR S&P 600 Small Cap ETF SLY US SLY State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.15% 5.0 (107.1) 751


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Vanguard S&P Small-Cap 600 ETF VIOO US VIOO.K Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.15% 4.4 69.5 687

OppenheimerFunds Small Cap Revenue ETF RWJ US RWJ OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.54% 2.3 36.3 555

PowerShares S&P SmallCap Information Technology Portfolio PSCT US PSCT.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 3.2 (31.3) 529

PowerShares S&P SmallCap Financials Portfolio PSCF US PSCF.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.44% 0.8 (10.0) 243

iShares Morningstar Small-Cap ETF JKJ US JKJ BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.25% 0.7 (8.0) 241

SPDR Russell 2000 ETF TWOK US TWOK.K State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.10% 1.4 21.2 224

PowerShares S&P SmallCap Health Care Portfolio PSCH US PSCH.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.8 8.7 223

SPDR S&P 1000 ETF SMD US SMD.K State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.10% 0.4 (4.6) 180

PowerShares S&P SmallCap Industrials Portfolio PSCI US PSCI.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.4 (2.7) 96

PowerShares S&P SmallCap Consumer Discretionary Portfolio PSCD US PSCD.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.2 (2.6) 63

PowerShares S&P SmallCap Consumer Staples Portfolio PSCC US PSCC.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.3 (7.0) 56

PowerShares S&P SmallCap Materials Portfolio PSCM US PSCM.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.3 (7.0) 54

PowerShares S&P SmallCap Utilities Portfolio PSCU US PSCU.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.9 (4.7) 44

Guggenheim S&P Small Cap 600 Equal Weight ETF EWSC US EWSC.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.40% 0.2 2.5 35

PowerShares S&P SmallCap Energy Portfolio PSCE US PSCE.O PowerShares ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.29% 0.5 (10.8) 34

Sector

Consumer Discretionary

Global X Brazil Consumer ETF BRAQ US BRAQ.K Global X Funds ETF 1L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.77% 0.0 - 5

Global X China Consumer ETF CHIQ US CHIQ.K Global X Funds ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.7 4.4 89

Columbia Emerging Markets Consumer ETF ECON US ECON.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.85% 4.0 80.0 861

iShares Global Consumer Discretionary ETF RXI US RXI BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 1.3 28.6 237

First Trust NASDAQ Global Auto Index Fund CARZ US CARZ.O First Trust ETF 1L (P) Nasdaq DM Global Overall Large Cap Blend 0.70% 0.1 (1.8) 18

SPDR S&P International Consumer Discretionary Sector ETF IPD US IPD State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.1 4.0 20

Consumer Discretionary Select Sector SPDR Fund XLY US XLY State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 387.7 (90.4) 12,305

Vanguard Consumer Discretionary ETF VCR US VCR Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 10.0 38.8 2,240

iShares U.S. Consumer Services ETF IYC US IYC BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 10.6 104.7 911

SPDR S&P Retail ETF XRT US XRT State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 182.9 32.6 444

Fidelity MSCI Consumer Discretionary Index ETF FDIS US FDIS.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 2.0 33.7 304

Guggenheim S&P Equal Weight Consumer Discretionary ETF RCD US RCD Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 0.7 (0.0) 83

VanEck Vectors Retail ETF RTH US RTH VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 1.0 (11.9) 66

Elkhorn S&P MidCap Consumer Discretionary Portfolio XD US XD.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.8) 1

Consumer Staples

iShares Global Consumer Staples ETF KXI US KXI BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 2.0 - 623

SPDR S&P International Consumer Staples Sector ETF IPS US IPS State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.2 - 39

Consumer Staples Select Sector SPDR Fund XLP US XLP State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 514.0 824.2 9,716

Vanguard Consumer Staples ETF VDC US VDC Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 12.0 106.4 3,700

iShares U.S. Consumer Goods ETF IYK US IYK BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 10.1 117.1 712

Guggenheim S&P Equal Weight Consumer Staples ETF RHS US RHS Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 3.5 0.1 512

Fidelity MSCI Consumer Staples Index ETF FSTA US FSTA.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 1.9 26.7 304


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Elkhorn S&P MidCap Consumer Staples Portfolio XS US XS.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.7) 1

Energy

Guggenheim Canadian Energy Income ETF ENY US ENY Guggenheim Investments ETF 1L (P) NYSE Arca DM North America Canada Broad Blend 0.70% 0.1 (1.2) 24

Global X China Energy ETF CHIE US CHIE.K Global X Funds ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.0 - 2

iShares Global Energy ETF IXC US IXC BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 5.4 (58.3) 832

SPDR S&P International Energy Sector ETF IPW US IPW State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.2 2.8 47

Energy Select Sector SPDR Fund XLE US XLE State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 1,080.2 (142.7) 15,923

Vanguard Energy ETF VDE US VDE Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 29.6 (0.2) 3,782

SPDR S&P Oil & Gas Exploration & Production ETF XOP US XOP State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 640.5 271.5 2,319

iShares U.S. Energy ETF IYE US IYE BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 24.9 (44.2) 1,091

VanEck Vectors Oil Services ETF OIH US OIH VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 173.2 25.7 1,049

iShares North American Natural Resources ETF IGE US IGE BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.47% 6.1 (41.6) 915

Fidelity MSCI Energy Index ETF FENY US FENY.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 3.6 (1.5) 420

iShares U.S. Oil & Gas Exploration & Production ETF IEO US IEO BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 4.7 (6.4) 366

SPDR S&P Oil & Gas Equipment & Services ETF XES US XES State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 11.2 24.3 258

iShares U.S. Oil Equipment & Services ETF IEZ US IEZ BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 1.7 (5.6) 196

Guggenheim S&P Equal Weight Energy ETF RYE US RYE Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 1.8 (22.6) 193

First Trust ISE-Revere Natural Gas Index Fund FCG US FCG First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 4.6 (15.6) 158

Elkhorn S&P MidCap Energy Portfolio XE US XE.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.5) 1

Financials

Global X China Financials ETF CHIX US CHIX.K Global X Funds ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.5 11.2 41

WisdomTree Japan Hedged Financials Fund DXJF US DXJF.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.43% 0.5 (7.3) 29

iShares MSCI Europe Financials ETF EUFN US EUFN.O BlackRock ETF 1L (P) Nasdaq DM Europe Overall Broad Blend 0.48% 26.1 194.7 1,178

iShares Global Financials ETF IXG US IXG BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 2.6 21.7 422

SPDR S&P International Financial Sector ETF IPF US IPF State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.1 1.1 9

Financial Select Sector SPDR Fund XLF US XLF State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 1,763.4 (71.5) 24,517

Vanguard Financials ETF VFH US VFH Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 49.4 (0.5) 5,895

SPDR S&P Regional Banking ETF KRE US KRE State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 399.7 63.3 3,851

SPDR S&P Bank ETF KBE US KBE State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 102.2 2.6 3,270

iShares U.S. Financials ETF IYF US IYF BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 40.7 (93.0) 1,752

iShares Mortgage Real Estate Capped ETF REM US REM BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.48% 15.1 108.6 1,386

iShares U.S. Financial Services ETF IYG US IYG BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 21.4 (104.5) 1,303

SPDR S&P Insurance ETF KIE US KIE State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 13.0 (162.8) 886

PowerShares KBW Bank Portfolio KBWB US KBWB.K PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 18.9 28.4 873

Fidelity MSCI Financials Index ETF FNCL US FNCL.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 6.5 (15.0) 856

iShares U.S. Regional Banks ETF IAT US IAT BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 11.0 (50.3) 708

First Trust NASDAQ ABA Community Bank Index Fund QABA US QABA.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 3.3 (49.7) 380

PowerShares KBW High Dividend Yield Financial Portfolio KBWD US KBWD.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 1.48% 1.6 31.1 308

Guggenheim S&P Equal Weight Financial ETF RYF US RYF Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 4.5 (122.1) 288


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iShares U.S. Insurance ETF IAK US IAK BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 0.5 0.1 172

PowerShares KBW Regional Banking Portfolio KBWR US KBWR.K PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 1.0 2.6 164

VanEck Vectors Mortgage REIT Income ETF MORT US MORT.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.40% 1.2 31.4 155

iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI US IAI BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 1.5 (25.1) 152

PowerShares KBW Property & Casualty Insurance Portfolio KBWP US KBWP.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.5 0.0 105

SPDR S&P Capital Markets ETF KCE US KCE State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.2 0.1 103

OppenheimerFunds Financials Sector Revenue ETF RWW US RWW OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.49% 0.1 - 34

Elkhorn S&P MidCap Financials Portfolio XF US XF.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.7) 1

Healthcare

WisdomTree Japan Hedged Health Care Fund DXJH US DXJH.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.43% 0.0 - 5

iShares Global Healthcare ETF IXJ US IXJ BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 4.1 5.3 1,572

SPDR S&P International Health Care Sector ETF IRY US IRY State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 2.6 146.5 198

Health Care Select Sector SPDR Fund XLV US XLV State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 516.1 666.2 17,536

iShares Nasdaq Biotechnology ETF IBB US IBB.O BlackRock ETF 1L (P) Nasdaq DM North America US Broad Blend 0.47% 321.9 769.9 9,550

Vanguard Health Care ETF VHT US VHT Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 23.4 223.4 6,686

SPDR S&P Biotech ETF XBI US XBI State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 296.7 185.0 3,549

iShares U.S. Healthcare ETF IYH US IYH BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 12.1 (13.3) 1,945

iShares U.S. Medical Devices ETF IHI US IHI BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 18.5 421.8 1,599

First Trust NYSE Arca Biotechnology Index Fund FBT US FBT First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 4.6 43.8 1,031

Fidelity MSCI Health Care Index ETF FHLC US FHLC.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 3.9 33.9 773

iShares U.S. Pharmaceuticals ETF IHE US IHE BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 2.2 (38.1) 698

VanEck Vectors Biotech ETF BBH US BBH VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 4.1 (35.6) 678

Guggenheim S&P Equal Weight Health Care ETF RYH US RYH Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 3.5 48.4 626

iShares U.S. Healthcare Providers ETF IHF US IHF BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 2.7 (6.1) 579

SPDR S&P Pharmaceuticals ETF XPH US XPH State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 3.6 (22.6) 454

VanEck Vectors Pharmaceutical ETF PPH US PPH VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 4.5 (70.4) 283

SPDR S&P Health Care Equipment ETF XHE US XHE State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 1.2 15.0 141

SPDR S&P Health Care Services ETF XHS US XHS State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.7 3.2 116

Elkhorn S&P MidCap Health Care Portfolio XH US XH.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.9) 1

Industrials

Global X China Industrials ETF CHII US CHII.K Global X Funds ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.0 - 4

WisdomTree Japan Hedged Capital Goods Fund DXJC US DXJC.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.43% 0.4 (21.4) 5

iShares Global Industrials ETF EXI US EXI BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 1.1 8.2 228

SPDR S&P International Industrial Sector ETF IPN US IPN State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.2 5.1 27

Industrial Select Sector SPDR Fund XLI US XLI State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 623.2 (386.7) 10,856

iShares U.S. Aerospace & Defense ETF ITA US ITA BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 29.5 407.5 3,138

Vanguard Industrials ETF VIS US VIS Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 11.5 107.5 3,062

iShares U.S. Industrials ETF IYJ US IYJ BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 11.1 (168.0) 947

iShares Transportation Average ETF IYT US IYT BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.43% 52.6 (180.3) 921


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SPDR S&P Aerospace & Defense ETF XAR US XAR State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 6.2 82.8 651

Fidelity MSCI Industrials Index ETF FIDU US FIDU.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 2.0 8.6 351

Guggenheim S&P Equal Weight Industrials ETF RGI US RGI Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 1.9 (5.0) 205

SPDR S&P Transportation ETF XTN US XTN State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 1.2 (31.7) 183

Elkhorn S&P MidCap Industrials Portfolio XI US XI.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.8) 1

Information Technology

KraneShares CSI China Internet ETF KWEB US KWEB.O KraneShares ETF 1L (P) Nasdaq EM Asia China Broad Blend 0.68% 11.6 201.2 533

Guggenheim China Technology ETF CQQQ US CQQQ.K Guggenheim Investments ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.70% 1.3 31.4 107

Global X NASDAQ China Technology ETF QQQC US QQQC.O Global X Funds ETF 1L (P) Nasdaq EM Asia China Broad Blend 0.65% 0.1 (1.3) 13

Direxion Daily CSI China Internet Index Bull 2x Shares CWEB US CWEB.K DirexionShares ETF 2L (P) NYSE Arca EM Asia China Broad Blend 0.95% 0.4 7.1 11

iShares Global Tech ETF IXN US IXN BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 5.0 98.8 1,210

SPDR S&P International Technology Sector ETF IPK US IPK State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 1.2 20.6 53

Technology Select Sector SPDR Fund XLK US XLK State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 604.3 (1,183.9) 16,326

Vanguard Information Technology ETF VGT US VGT Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 70.8 573.0 13,158

First Trust Dow Jones Internet Index Fund FDN US FDN First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 29.9 262.7 4,457

iShares U.S. Technology ETF IYW US IYW BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 28.5 67.6 3,458

First Trust NASDAQ-100-Technology Sector Index Fund QTEC US QTEC.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 13.7 73.3 2,054

Guggenheim S&P Equal Weight Technology ETF RYT US RYT Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 10.1 146.1 1,392

iShares North American Tech ETF IGM US IGM BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.47% 3.8 15.4 1,186

iShares North American Tech-Software ETF IGV US IGV BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.47% 26.4 142.8 1,027

iShares PHLX Semiconductor ETF SOXX US SOXX.O BlackRock ETF 1L (P) Nasdaq DM North America US Broad Blend 0.47% 81.3 79.0 989

Fidelity MSCI Information Technology Index ETF FTEC US FTEC.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 9.7 115.2 964

First Trust ISE Cloud Computing Index Fund SKYY US SKYY.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 4.9 86.1 894

SPDR Morgan Stanley Technology ETF MTK US MTK State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 1.7 16.0 712

VanEck Vectors Semiconductor ETF SMH US SMH VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 240.6 (250.4) 489

PowerShares NASDAQ Internet Portfolio PNQI US PNQI.O PowerShares ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 3.8 34.0 381

SPDR S&P Semiconductor ETF XSD US XSD State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 6.7 (13.7) 312

Global X Social Media ETF SOCL US SOCL.O Global X Funds ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.65% 2.0 28.3 126

iShares North American Tech-Multimedia Networking ETF IGN US IGN BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.47% 0.6 (2.3) 76

SPDR S&P Software & Services ETF XSW US XSW State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.3 - 59

Elkhorn S&P MidCap Information Technology Portfolio XK US XK.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.9) 1

Materials

Global X China Materials ETF CHIM US CHIM.K Global X Funds ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.65% 0.0 (0.8) 3

iShares Global Materials ETF MXI US MXI BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 1.6 (41.4) 221

SPDR S&P International Materials Sector ETF IRV US IRV State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.1 (2.2) 12

Materials Select Sector SPDR Fund XLB US XLB State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 220.5 (40.1) 3,659

Vanguard Materials ETF VAW US VAW Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 11.8 (139.7) 1,885

iShares U.S. Home Construction ETF ITB US ITB BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 93.8 185.2 1,702

SPDR S&P Homebuilders ETF XHB US XHB State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 46.1 (44.6) 1,052


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iShares U.S. Basic Materials ETF IYM US IYM BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 17.7 (18.5) 720

SPDR S&P Metals and Mining ETF XME US XME State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 97.5 (223.7) 692

Fidelity MSCI Materials Index ETF FMAT US FMAT.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 1.5 4.5 217

Guggenheim S&P Equal Weight Materials ETF RTM US RTM Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 1.5 (29.2) 122

Elkhorn S&P MidCap Materials Portfolio XM US XM.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.8) 1

Real Estate

Guggenheim China Real Estate ETF TAO US TAO Guggenheim Investments ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.70% 0.6 8.5 48

WisdomTree Japan Hedged Real Estate Fund DXJR US DXJR.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.43% 0.0 (0.7) 4

iShares Europe Developed Real Estate ETF IFEU US IFEU.O BlackRock ETF 1L (P) Nasdaq DM Europe Overall Broad Blend 0.48% 0.2 (3.6) 41

SPDR Dow Jones Global Real Estate ETF RWO US RWO State Street ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.50% 14.4 99.0 2,673

iShares Global REIT ETF REET US REET.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.14% 3.8 (3.0) 383

FlexShares Global Quality Real Estate Index Fund GQRE US GQRE.K FlexShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.45% 0.5 9.0 218

Cohen & Steers Global Realty Majors ETF GRI US GRI ALPS ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.55% 0.1 - 75

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate

Index Fund

FFR US FFR First Trust ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.60% 0.3 (2.2) 62

Global X SuperDividend REIT ETF SRET US SRET.O Global X Funds ETF 1L (P) Nasdaq Overall Global Overall Broad Dividend 0.58% 0.3 6.7 40

Vanguard Global ex-U.S. Real Estate ETF VNQI US VNQI.O Vanguard ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.15% 23.6 420.3 4,380

SPDR Dow Jones International Real Estate ETF RWX US RWX State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.59% 20.6 (22.4) 3,669

iShares International Developed Real Estate ETF IFGL US IFGL.O BlackRock ETF 1L (P) Nasdaq DM Global ex US Overall Broad Blend 0.48% 2.8 11.4 522

iShares International Developed Property ETF WPS US WPS BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.48% 0.4 (3.8) 133

WisdomTree Global ex-US Real Estate Fund DRW US DRW WisdomTree ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.58% 0.6 (7.2) 79

Tierra XP Latin America Real Estate ETF LARE US LARE.K ETFMG ETF 1L (P) NYSE Arca EM Latin America Overall Broad Blend 0.79% 0.0 1.4 4

Vanguard REIT ETF VNQ US VNQ Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.12% 355.7 (530.5) 33,954

iShares U.S. Real Estate ETF IYR US IYR BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 540.1 59.1 4,717

Schwab US REIT ETF SCHH US SCHH.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.07% 22.4 424.3 3,424

iShares Cohen & Steers REIT ETF ICF US ICF BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 22.0 (55.2) 3,247

SPDR Dow Jones REIT ETF RWR US RWR State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.25% 17.6 (159.3) 3,016

Real Estate Select Sector SPDR Fund XLRE US XLRE.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.14% 65.5 (77.4) 2,302

iShares Residential Real Estate Capped ETF REZ US REZ BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.48% 2.2 42.2 430

PowerShares KBW Premium Yield Equity REIT Portfolio KBWY US KBWY.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 2.4 50.8 325

Fidelity MSCI Real Estate Index ETF FREL US FREL.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 2.2 42.6 289

First Trust S&P REIT Index Fund FRI US FRI First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 1.4 (28.3) 203

iShares Core US REIT ETF USRT US USRT.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 1.1 49.0 138

IQ US Real Estate Small Cap ETF ROOF US ROOF.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.69% 0.6 15.0 119

Guggenheim S&P 500 Equal Weight Real Estate ETF EWRE US EWRE.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.40% 0.1 (2.7) 26

Wilshire US REIT ETF WREI US WREI.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.32% 0.1 0.0 23

Telecommunication Services

iShares Global Telecom ETF IXP US IXP BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 1.6 18.0 315

SPDR S&P International Telecommunications Sector ETF IST US IST State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.6 0.1 39

Vanguard Telecommunication Services ETF VOX US VOX Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 9.7 (58.6) 1,292


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iShares U.S. Telecommunications ETF IYZ US IYZ BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 16.9 (40.6) 478

Fidelity MSCI Telecommunication Services Index ETF FCOM US FCOM.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 1.3 (24.2) 112

SPDR S&P Telecom ETF XTL US XTL State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.8 3.5 78

First Trust NASDAQ CEA Smartphone Index Fund FONE US FONE.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.70% 0.1 2.4 15

Utilities

iShares Global Utilities ETF JXI US JXI BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 0.9 12.7 152

SPDR S&P International Utilities Sector ETF IPU US IPU State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.1 (1.7) 25

Utilities Select Sector SPDR Fund XLU US XLU State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.14% 583.5 (168.8) 6,942

Vanguard Utilities ETF VPU US VPU Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.10% 16.2 116.3 2,503

iShares U.S. Utilities ETF IDU US IDU BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.43% 11.2 109.5 820

Fidelity MSCI Utilities Index ETF FUTY US FUTY.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.08% 2.7 64.2 304

Guggenheim S&P Equal Weight Utiliites ETF RYU US RYU Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 1.3 8.2 199

Elkhorn S&P MidCap Utilities Portfolio XU US XU.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Mid Cap Blend 0.29% 0.0 (0.8) 1

Style

Dividend

WisdomTree Australia Dividend Fund AUSE US AUSE.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Australia Broad Dividend 0.58% 0.2 - 36

WisdomTree Japan SmallCap Dividend Fund DFJ US DFJ WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Small Cap Dividend 0.58% 4.2 (3.3) 497

iShares Asia/Pacific Dividend ETF DVYA US DVYA.K BlackRock ETF 1L (P) NYSE Arca DM Asia Pacific Overall Broad Dividend 0.49% 0.3 (4.8) 41

WisdomTree Asia Pacific ex-Japan Fund AXJL US AXJL.K WisdomTree ETF 1L (P) NYSE Arca Overall Asia Pacific ex Japan Overall Broad Dividend 0.48% 0.3 - 43

WisdomTree Europe SmallCap Dividend Fund DFE US DFE WisdomTree ETF 1L (P) NYSE Arca DM Europe Overall Small Cap Dividend 0.58% 6.5 86.6 927

First Trust STOXX European Select Dividend Index Fund FDD US FDD First Trust ETF 1L (P) NYSE Arca DM Europe Overall Broad Dividend 0.60% 4.7 140.4 452

ProShares MSCI Europe Dividend Growers ETF EUDV US EUDV.K ProShares ETF 1L (P) NYSE Arca DM Europe Overall Broad Dividend 0.55% 0.1 3.0 9

WisdomTree Emerging Markets High Dividend Fund DEM US DEM WisdomTree ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.63% 8.6 53.4 1,786

WisdomTree Emerging Markets SmallCap Dividend Fund DGS US DGS WisdomTree ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.63% 4.8 63.4 1,201

Global X SuperDividend ETF SDIV US SDIV.K Global X Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.58% 4.5 41.9 931

First Trust NASDAQ Technology Dividend Index Fund TDIV US TDIV.O First Trust ETF 1L (P) Nasdaq Overall Global Overall Broad Dividend 0.50% 2.3 34.5 707

First Trust Dow Jones Global Select Dividend Index Fund FGD US FGD First Trust ETF 1L (P) NYSE Arca DM Global Overall Broad Dividend 0.60% 2.0 47.2 433

SPDR S&P Emerging Markets Dividend ETF EDIV US EDIV.K State Street ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.49% 1.6 47.4 401

iShares Emerging Markets Dividend ETF DVYE US DVYE.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.49% 1.9 28.1 316

SPDR S&P Global Dividend ETF WDIV US WDIV.K State Street ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.40% 1.1 16.3 145

WisdomTree Global High Dividend Fund DEW US DEW WisdomTree ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.58% 0.4 4.5 95

Guggenheim S&P Global Dividend Opportunities Index ETF LVL US LVL Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.90% 0.3 (6.0) 60

ALPS Emerging Sector Dividend Dogs ETF EDOG US EDOG.K ALPS ETF 1L (P) NYSE Arca EM Global Overall Large Cap Dividend 0.60% 0.4 11.8 45

First Trust RBA Quality Income ETF QINC US QINC.O First Trust ETF 1L (P) Nasdaq Overall Global Overall Broad Dividend 0.70% 0.2 (1.2) 28

ProShares MSCI Emerging Markets Dividend Growers ETF EMDV US EMDV.Z ProShares ETF 1L (P) BATS EM Global Overall Broad Dividend 0.60% 0.1 1.3 10

iShares International Select Dividend ETF IDV US IDV BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.50% 24.0 343.4 4,377

WisdomTree International SmallCap Dividend Fund DLS US DLS WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Dividend 0.58% 4.2 78.7 1,440

SPDR S&P International Dividend ETF DWX US DWX State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.45% 6.5 16.3 1,186

PowerShares International Dividend Achievers Portfolio PID US PID PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.56% 3.6 (3.4) 816


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FlexShares International Quality Dividend Index Fund IQDF US IQDF.K FlexShares ETF 1L (P) NYSE Arca Overall Global ex US Overall Large Cap Dividend 0.47% 3.0 102.5 796

WisdomTree International Equity Fund DWM US DWM WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.48% 2.5 26.0 758

Vanguard International Dividend Appreciation ETF VIGI US VIGI.O Vanguard ETF 1L (P) Nasdaq Overall Global ex US Overall Large Cap Blend 0.25% 5.4 146.0 421

Vanguard International High Dividend Yield ETF VYMI US VYMI.O Vanguard ETF 1L (P) Nasdaq Overall Global ex US Overall Large Cap Dividend 0.32% 3.5 131.7 411

WisdomTree International LargeCap Dividend Fund DOL US DOL WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Large Cap Dividend 0.48% 1.4 14.3 386

WisdomTree International High Dividend Fund DTH US DTH WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.58% 1.2 41.7 299

ALPS International Sector Dividend Dogs ETF IDOG US IDOG.K ALPS ETF 1L (P) NYSE Arca DM Global ex US Overall Large Cap Dividend 0.50% 2.1 81.6 294

WisdomTree International MidCap Dividend Fund DIM US DIM WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Mid Cap Dividend 0.58% 1.1 16.0 206

WisdomTree International Dividend ex-Financials Fund DOO US DOO WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.58% 0.7 - 205

FlexShares International Quality Dividend Defensive Index Fund IQDE US IQDE.K FlexShares ETF 1L (P) NYSE Arca Overall Global ex US Overall Large Cap Dividend 0.47% 0.1 4.8 84

FlexShares International Quality Dividend Dynamic Index Fund IQDY US IQDY.K FlexShares ETF 1L (P) NYSE Arca Overall Global ex US Overall Large Cap Dividend 0.47% 0.3 15.7 68

ProShares MSCI EAFE Dividend Growers ETF EFAD US EFAD.K ProShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.50% 0.6 16.4 65

Cambria Foreign Shareholder Yield ETF FYLD US FYLD.K Cambria Funds ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.59% 0.1 0.1 45

iShares International Dividend Growth ETF IGRO US IGRO.Z BlackRock ETF 1L (P) BATS Overall Global ex US Overall Broad Dividend 0.22% 0.2 8.1 30

Guggenheim International Multi Asset Income Fund HGI US HGI Guggenheim Investments ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.81% 0.0 (1.7) 13

SPDR S&P International Dividend Currency Hedged ETF HDWX US HDWX.K State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.48% 0.0 2.3 4

WisdomTree Middle East Dividend Fund GULF US GULF.O WisdomTree ETF 1L (P) Nasdaq EM Middle East Overall Broad Dividend 0.88% 0.1 - 17

Vanguard Dividend Appreciation ETF VIG US VIG Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.08% 54.6 230.5 24,459

Vanguard High Dividend Yield ETF VYM US VYM Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.08% 57.7 342.2 18,153

iShares Select Dividend ETF DVY US DVY BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.39% 55.3 (250.4) 17,044

SPDR S&P Dividend ETF SDY US SDY State Street ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.35% 49.8 (114.2) 15,478

iShares Core High Dividend ETF HDV US HDV BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.08% 33.1 (315.8) 6,226

Schwab U.S. Dividend Equity ETF SCHD US SCHD.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.07% 21.4 205.3 5,551

First Trust Value Line Dividend Index Fund FVD US FVD First Trust ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.70% 16.9 338.4 3,721

ProShares S&P 500 Dividend Aristocrats ETF NOBL US NOBL.K ProShares ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.35% 11.9 51.1 3,033

WisdomTree US MidCap Dividend Fund DON US DON WisdomTree ETF 1L (P) NYSE Arca DM North America US Mid Cap Dividend 0.38% 9.3 112.2 2,942

ALPS Sector Dividend Dogs ETF SDOG US SDOG.K ALPS ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.40% 9.5 8.8 2,254

WisdomTree US SmallCap Dividend Fund DES US DES WisdomTree ETF 1L (P) NYSE Arca DM North America US Small Cap Dividend 0.38% 6.6 (32.7) 1,940

WisdomTree US LargeCap Dividend Fund DLN US DLN WisdomTree ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.28% 5.5 (46.2) 1,920

iShares Core Dividend Growth ETF DGRO US DGRO.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.08% 16.4 315.8 1,779

First Trust Morningstar Dividend Leaders Index Fund FDL US FDL First Trust ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.45% 6.4 (8.3) 1,716

FlexShares Quality Dividend Index Fund QDF US QDF FlexShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.37% 3.0 30.5 1,716

WisdomTree US High Dividend Fund DHS US DHS WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.38% 2.5 (37.6) 1,223

PowerShares High Yield Equity Dividend Achievers Portfolio PEY US PEY PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.57% 5.3 (152.9) 928

WisdomTree US Dividend ex-Financials Fund DTN US DTN WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.38% 1.2 (28.8) 871

WisdomTree US Total Dividend Fund DTD US DTD WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.28% 1.5 8.6 587

ProShares Trust-ProShares Russell 2000 Dividend Growers ETF SMDV US SMDV.K ProShares ETF 1L (P) NYSE Arca DM North America US Small Cap Dividend 0.40% 2.7 21.7 426

ProShares S&P Midcap 400 Dividend Aristocrats ETF REGL US REGL.K ProShares ETF 1L (P) NYSE Arca DM North America US Mid Cap Dividend 0.40% 2.7 (3.8) 417

O'Shares FTSE US Quality Dividend ETF OUSA US OUSA.K O'Shares Investments ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.48% 2.1 25.2 414


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PowerShares Dividend Achievers Portfolio PFM US PFM PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.58% 0.6 (7.3) 311

FlexShares Quality Dividend Defensive Index Fund QDEF US QDEF.K FlexShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.37% 0.5 10.0 311

First Trust NASDAQ Rising Dividend Achievers ETF RDVY US RDVY.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.50% 1.9 60.1 212

SPDR S&P 500 High Dividend ETF SPYD US SPYD.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.12% 1.4 26.3 168

FlexShares Quality Dividend Dynamic Index Fund QDYN US QDYN.K FlexShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.37% 0.2 (8.0) 62

Growth

iShares MSCI EAFE Growth ETF EFG US EFG BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Growth 0.40% 12.0 233.4 2,945

iShares Russell 1000 Growth ETF IWF US IWF BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.20% 197.9 (535.0) 35,370

Vanguard Growth ETF VUG US VUG Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Growth 0.06% 85.5 352.5 27,040

iShares S&P 500 Growth ETF IVW US IVW BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.18% 87.2 729.0 17,940

iShares Russell 2000 Growth ETF IWO US IWO BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.25% 79.8 (23.2) 7,942

iShares Russell Mid-Cap Growth ETF IWP US IWP BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.25% 32.6 0.5 7,545

iShares S&P Mid-Cap 400 Growth ETF IJK US IJK BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.25% 18.5 203.1 6,647

Vanguard Small-Cap Growth ETF VBK US VBK Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.07% 21.6 (30.5) 6,169

Vanguard Mid-Cap Growth ETF VOT US VOT Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.07% 13.1 237.0 4,448

Schwab U.S. Large-Cap Growth ETF SCHG US SCHG.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.06% 19.2 296.5 4,387

iShares S&P Small-Cap 600 Growth ETF IJT US IJT BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.25% 21.1 (95.8) 4,353

Vanguard Mega Cap Growth ETF MGK US MGK Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.07% 15.0 212.7 2,992

iShares Core S&P U.S. Growth ETF IUSG US IUSG.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Growth 0.07% 21.9 683.9 2,422

Guggenheim S&P 500 Pure Growth ETF RPG US RPG Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.35% 7.4 23.4 2,016

Vanguard S&P 500 Growth ETF VOOG US VOOG.K Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.15% 5.5 87.8 1,584

SPDR S&P 600 Small Cap Growth ETF SLYG US SLYG.K State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.15% 6.0 11.3 1,299

Vanguard Russell 1000 Growth ETF VONG US VONG.O Vanguard ETF 1L (P) Nasdaq DM North America US Large Cap Growth 0.12% 5.1 64.9 1,180

iShares Russell Top 200 Growth ETF IWY US IWY BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.20% 3.4 47.0 937

SPDR S&P 500 Growth ETF SPYG US SPYG.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.15% 3.8 52.4 840

iShares Morningstar Large-Cap Growth ETF JKE US JKE BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.25% 1.7 13.8 758

Vanguard S&P Mid-Cap 400 Growth ETF IVOG US IVOG.K Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.20% 2.2 (3.1) 715

SPDR S&P 400 Mid Cap Growth ETF MDYG US MDYG.K State Street ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.15% 2.4 6.9 573

Guggenheim S&P Midcap 400 Pure Growth ETF RFG US RFG Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.35% 1.0 (7.1) 546

PowerShares Dynamic Large Cap Growth Portfolio PWB US PWB PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.59% 1.2 (2.7) 445

Vanguard S&P Small-Cap 600 Growth ETF VIOG US VIOG.K Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.20% 1.2 19.8 261

iShares Morningstar Mid-Cap Growth ETF JKH US JKH BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.30% 0.5 8.7 219

Vanguard Russell 2000 Growth ETF VTWG US VTWG.O Vanguard ETF 1L (P) Nasdaq DM North America US Small Cap Growth 0.20% 1.2 (9.2) 187

Guggenheim S&P SmallCap 600 Pure Growth ETF RZG US RZG Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.35% 1.0 0.2 185

iShares Morningstar Small-Cap Growth ETF JKK US JKK BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.30% 0.3 (0.0) 121

SPDR MFS Systematic Growth Equity ETF SYG US SYG State Street ETF 1L (A) NYSE Arca DM North America US Large Cap Growth 0.60% 1.2 13.7 39

Value

Cambria Global Value ETF GVAL US GVAL.K Cambria Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Value 0.69% 0.6 14.0 130


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iShares MSCI EAFE Value ETF EFV US EFV BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Value 0.40% 18.7 208.6 5,126

iShares Russell 1000 Value ETF IWD US IWD BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.20% 267.2 (221.4) 36,771

Vanguard Value ETF VTV US VTV Vanguard ETF 1L (P) NYSE Arca DM North America US Broad Value 0.06% 131.3 825.1 31,313

iShares S&P 500 Value ETF IVE US IVE BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.18% 77.2 (367.2) 13,394

Vanguard Small-Cap Value ETF VBR US VBR Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.07% 42.7 138.5 11,276

iShares Russell Mid-Cap Value ETF IWS US IWS BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.25% 37.7 (109.7) 9,566

iShares Russell 2000 Value ETF IWN US IWN BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.25% 103.0 (379.4) 8,459

Vanguard Mid-Cap Value ETF VOE US VOE Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.07% 27.7 16.5 7,342

iShares S&P Mid-Cap 400 Value ETF IJJ US IJJ BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.25% 31.2 (654.4) 5,587

iShares S&P Small-Cap 600 Value ETF IJS US IJS BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.25% 24.9 (293.8) 4,613

Schwab U.S. Large-Cap Value ETF SCHV US SCHV.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.06% 15.8 231.4 3,518

iShares Core S&P U.S. Value ETF IUSV US IUSV.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Value 0.07% 15.1 468.0 2,179

Vanguard Mega Cap Value ETF MGV US MGV Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.07% 4.0 65.3 1,685

PowerShares Dynamic Large Cap Value Portfolio PWV US PWV PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.59% 3.3 10.4 1,294

Vanguard Russell 1000 Value ETF VONV US VONV.O Vanguard ETF 1L (P) Nasdaq DM North America US Large Cap Value 0.12% 4.5 55.1 1,078

SPDR S&P 600 Small Cap Value ETF SLYV US SLYV.K State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.15% 5.6 (35.9) 1,001

Guggenheim S&P 500 Pure Value ETF RPV US RPV Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.35% 8.5 (187.3) 846

Vanguard S&P 500 Value ETF VOOV US VOOV.K Vanguard ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.15% 2.6 50.2 751

Vanguard S&P Mid-Cap 400 Value ETF IVOV US IVOV.K Vanguard ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.20% 3.0 (39.2) 639

iShares Morningstar Small-Cap Value ETF JKL US JKL BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.30% 1.6 (27.6) 443

iShares Morningstar Mid-Cap Value ETF JKI US JKI BlackRock ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.30% 1.6 (0.1) 384

iShares Morningstar Large-Cap Value ETF JKF US JKF BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.25% 1.2 (23.9) 359

SPDR S&P 400 Mid Cap Value ETF MDYV US MDYV.K State Street ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.15% 1.8 (14.4) 347

SPDR S&P 500 Value ETF SPYV US SPYV.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.15% 2.5 (23.4) 341

iShares Russell Top 200 Value ETF IWX US IWX BlackRock ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.20% 0.6 7.3 237

Vanguard S&P Small-Cap 600 Value ETF VIOV US VIOV.K Vanguard ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.20% 1.0 (2.9) 214

Guggenheim S&P Smallcap 600 Pure Value ETF RZV US RZV Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.35% 1.5 (48.8) 182

Vanguard Russell 2000 Value ETF VTWV US VTWV.O Vanguard ETF 1L (P) Nasdaq DM North America US Small Cap Value 0.20% 0.9 (10.6) 167

Guggenheim S&P Midcap 400 Pure Value ETF RFV US RFV Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.35% 1.9 (86.3) 126

SPDR MFS Systematic Value Equity ETF SYV US SYV State Street ETF 1L (A) NYSE Arca DM North America US Large Cap Value 0.60% 0.0 - 6

Strategy

Leveraged

Direxion Daily Brazil Bull 3X Shares BRZU US BRZU.K DirexionShares ETF 3L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.95% 28.5 104.8 155

ProShares Ultra MSCI Brazil Capped UBR US UBR ProShares ETF 2L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.95% 0.5 (0.0) 15

Direxion Daily FTSE China Bull 3X Shares YINN US YINN.K DirexionShares ETF 3L (P) NYSE Arca EM Asia China Large Cap Blend 0.94% 14.1 20.7 164

Direxion Daily CSI 300 China A Share Bull 2X Shares CHAU US CHAU.K DirexionShares ETF 2L (P) NYSE Arca EM Asia China Broad Blend 0.95% 1.4 (6.9) 58

ProShares Ultra FTSE China 50 XPP US XPP ProShares ETF 2L (P) NYSE Arca EM Asia China Large Cap Blend 0.95% 0.8 9.8 41

Direxion Daily India Bull 3X Shares INDL US INDL.K DirexionShares ETF 3L (P) NYSE Arca EM Asia India Broad Blend 0.95% 3.6 (4.4) 97

ProShares Ultra MSCI Japan EZJ US EZJ ProShares ETF 2L (P) NYSE Arca DM Pacific Japan Broad Blend 0.95% 0.0 (0.0) 11

Direxion Daily Japan Bull 3X Shares JPNL US JPNL.K DirexionShares ETF 3L (P) NYSE Arca DM Pacific Japan Broad Blend 0.95% 0.2 - 8


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ProShares Ultra MSCI Mexico Capped IMI UMX US UMX ProShares ETF 2L (P) NYSE Arca EM Latin America Mexico Broad Blend 0.95% 0.6 0.9 12

Direxion Daily MSCI Mexico Bull 3x Shares MEXX US MEXX.K DirexionShares ETF 3L (P) NYSE Arca EM Latin America Mexico Broad Blend 0.95% 0.0 2.4 3

Direxion Daily FTSE Europe Bull 3X Shares EURL US EURL.K DirexionShares ETF 3L (P) NYSE Arca DM Europe Overall Broad Blend 0.95% 1.9 24.5 58

ProShares Ultra FTSE Europe UPV US UPV ProShares ETF 2L (P) NYSE Arca DM Europe Overall Broad Blend 0.95% 0.1 1.3 14

Direxion Daily Gold Miners Index Bull 3X Shares NUGT US NUGT.K DirexionShares ETF 3L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.95% 388.4 (209.0) 1,326

Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG US JNUG.K DirexionShares ETF 3L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.95% 332.4 (61.4) 754

Direxion Daily Emerging Markets Bull 3X Shares EDC US EDC DirexionShares ETF 3L (P) NYSE Arca EM Global Overall Broad Blend 0.94% 25.1 5.3 194

Direxion Daily Natural Gas Related Bull 3X Shares GASL US GASL.K DirexionShares ETF 3L (P) NYSE Arca Overall Global Overall Broad Blend 0.95% 3.4 23.7 50

ProShares Ultra MSCI Emerging Markets EET US EET ProShares ETF 2L (P) NYSE Arca EM Global Overall Broad Blend 0.95% 0.5 1.8 29

Direxion Daily Developed Markets Bull 3X Shares DZK US DZK DirexionShares ETF 3L (P) NYSE Arca DM Global Overall Broad Blend 0.95% 0.3 0.0 27

Direxion Daily Cyber Security & IT Bull 2X Shares HAKK US HAKK.K DirexionShares ETF 2L (P) NYSE Arca Overall Global Overall Broad Blend 0.80% 0.1 2.5 5

ProShares Ultra MSCI EAFE EFO US EFO ProShares ETF 2L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.95% 0.2 0.0 11

Direxion Daily Latin America Bull 3X Shares LBJ US LBJ DirexionShares ETF 3L (P) NYSE Arca EM Latin America Overall Broad Blend 0.94% 0.3 (3.3) 12

Direxion Daily Russia Bull 3X Shares RUSL US RUSL.K DirexionShares ETF 3L (P) NYSE Arca EM Europe Russia Broad Blend 0.95% 10.1 25.1 151

Direxion Daily South Korea Bull 3X Shares KORU US KORU.K DirexionShares ETF 3L (P) NYSE Arca EM Asia South Korea Broad Blend 0.95% 0.5 4.8 12

ProShares Ultra S&P500 SSO US SSO ProShares ETF 2L (P) NYSE Arca DM North America US Large Cap Blend 0.90% 160.0 (66.4) 1,896

ProShares UltraPro QQQ TQQQ US TQQQ.O ProShares ETF 3L (P) Nasdaq DM North America US Large Cap Blend 0.95% 339.5 337.4 1,811

Direxion Daily Financial Bull 3X Shares FAS US FAS DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.94% 125.4 (151.8) 1,430

ProShares Ultra QQQ QLD US QLD ProShares ETF 2L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 102.3 43.1 1,216

ProShares UltraPro S&P500 UPRO US UPRO.K ProShares ETF 2L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 154.2 (32.8) 882

ProShares Ultra Financials UYG US UYG ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 4.5 (39.2) 828

Direxion Daily Small Cap Bull 3X Shares TNA US TNA DirexionShares ETF 3L (P) NYSE Arca DM North America US Small Cap Blend 0.95% 277.1 (184.0) 573

Direxion Daily S&P 500 Bull 3X Shares SPXL US SPXL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 61.8 (78.2) 565

Direxion Daily Energy Bull 3X Shares ERX US ERX DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 75.6 133.6 544

ProShares Ultra Nasdaq Biotechnology BIB US BIB.O ProShares ETF 2L (P) Nasdaq DM North America US Broad Blend 0.95% 12.5 (46.3) 382

Direxion Daily Semiconductor Bull 3X Shares SOXL US SOXL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 40.2 107.8 338

ProShares Ultra Dow30 DDM US DDM ProShares ETF 2L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 13.3 (28.6) 318

Direxion Daily Technology Bull 3X Shares TECL US TECL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 10.6 1.1 273

Direxion Daily S&P Biotech Bull 3X Shares LABU US LABU.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 78.7 (87.5) 262

ProShares Ultra Technology ROM US ROM ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 3.6 54.5 216

ProShares Ultra Real Estate URE US URE ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 3.7 (6.3) 180

ProShares UltraPro Dow30 UDOW US UDOW.K ProShares ETF 3L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 26.2 (61.2) 175

Direxion Daily Healthcare Bull 3X Shares CURE US CURE.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 3.4 (20.2) 167

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares GUSH US GUSH.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 29.5 104.3 161

ProShares Ultra Russell2000 UWM US UWM ProShares ETF 2L (P) NYSE Arca DM North America US Small Cap Blend 0.98% 19.5 (39.3) 151

ProShares Ultra MidCap400 MVV US MVV ProShares ETF 2L (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 3.6 (24.6) 127

ProShares Ultra Oil & Gas DIG US DIG ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 4.0 1.8 127

ProShares UltraPro Russell2000 URTY US URTY.K ProShares ETF 3L (P) NYSE Arca DM North America US Small Cap Blend 0.98% 23.7 (31.8) 112

ProShares Ultra Health Care RXL US RXL ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.4 (3.2) 92


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AUM

$MM

Direxion Daily Real Estate Bull 3X Shares DRN US DRN DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 2.5 (8.0) 67

Direxion Daily Mid Cap Bull 3X Shares MIDU US MIDU.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Mid Cap Blend 1.27% 1.2 (12.8) 58

ProShares Ultra Basic Materials UYM US UYM ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.4 (8.4) 55

ProShares Ultra Semiconductors USD US USD ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.6 2.2 40

ProShares UltraPro MidCap400 UMDD US UMDD.K ProShares ETF 3L (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 0.5 (4.4) 36

Direxion Daily Regional Banks Bull 3X Shares DPST US DPST.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 2.1 (1.2) 31

ProShares UltraPro Financial Select Sector FINU US FINU.K ProShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.6 (3.2) 26

Direxion Daily Retail Bull 3X Shares RETL US RETL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.7 (0.4) 25

ProShares Ultra SmallCap600 SAA US SAA ProShares ETF 2L (P) NYSE Arca DM North America US Small Cap Blend 0.96% 0.1 (2.3) 23

ProShares Ultra Industrials UXI US UXI ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (2.8) 22

ProShares Ultra Consumer Services UCC US UCC ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (1.8) 20

ProShares Ultra Utilities UPW US UPW ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 2.3 16

ProShares Ultra Consumer Goods UGE US UGE ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 - 13

ProShares Ultra S&P Regional Banking KRU US KRU ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.3 0.1 12

Direxion Daily S&P 500 Bull 1.25X Shares LLSP US LLSP.K DirexionShares ETF 1.25L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 0.1 0.0 8

Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL US NAIL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.4 (2.0) 7

Direxion Daily Aerospace & Defense Bull 3X Shares DFEN US DFEN.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.3 6.4 7

Direxion Daily Small Cap Bull 1.25X Shares LLSC US LLSC.K DirexionShares ETF 1.25L (P) NYSE Arca DM North America US Small Cap Blend 0.50% 0.0 (0.1) 6

ProShares Ultra Telecommunications LTL US LTL ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (1.3) 5

Direxion Daily S&P 500 Bull 2X Shares SPUU US SPUU.K DirexionShares ETF 2L (P) NYSE Arca DM North America US Large Cap Blend 0.65% 0.1 - 3

Direxion Daily Small Cap Bull 2X Shares SMLL US SMLL.K DirexionShares ETF 2L (P) NYSE Arca DM North America US Small Cap Blend 0.60% 0.0 - 3

Direxion Daily Transportation Bull 3x Shares TPOR US TPOR.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Large Cap Blend 0.95% 0.0 2.5 3

Direxion Daily Industrials Bull 3x Shares DUSL US DUSL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 2.5 3

Direxion Daily Utilities Bull 3x Shares UTSL US UTSL.K DirexionShares ETF 3L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 2.5 3

Leveraged Short

ProShares UltraShort MSCI Brazil Capped BZQ US BZQ ProShares ETF 2S (P) NYSE Arca EM Latin America Brazil Broad Blend 0.95% 3.9 (9.8) 30

Direxion Daily CSI 300 China A Share Bear 1X Shares CHAD US CHAD.K DirexionShares ETF 1S (P) NYSE Arca EM Asia China Broad Blend 0.80% 0.7 (1.4) 76

Direxion Daily FTSE China Bear 3X Shares YANG US YANG.K DirexionShares ETF 3S (P) NYSE Arca EM Asia China Large Cap Blend 0.95% 3.0 (0.2) 54

ProShares UltraShort FTSE China 50 FXP US FXP ProShares ETF 2S (P) NYSE Arca EM Asia China Large Cap Blend 0.95% 1.6 2.7 44

ProShares Short FTSE China 50 YXI US YXI ProShares ETF 1S (P) NYSE Arca EM Asia China Large Cap Blend 0.95% 0.1 - 9

ProShares UltraShort MSCI Japan EWV US EWV ProShares ETF 2S (P) NYSE Arca DM Pacific Japan Broad Blend 0.95% 0.1 - 10

ProShares UltraShort MSCI Mexico Capped IMI SMK US SMK ProShares ETF 2S (P) NYSE Arca EM Latin America Mexico Broad Blend 0.95% 0.0 (1.0) 1

ProShares UltraShort FTSE Europe EPV US EPV ProShares ETF 2S (P) NYSE Arca DM Europe Overall Broad Blend 0.95% 0.3 0.1 32

Direxion Daily Gold Miners Index Bear 3X Shares DUST US DUST.K DirexionShares ETF 3S (P) NYSE Arca Overall Global Overall Large Cap Blend 0.95% 239.1 (67.0) 227

ProShares Short MSCI Emerging Markets EUM US EUM ProShares ETF 1S (P) NYSE Arca EM Global Overall Broad Blend 0.95% 2.8 (8.4) 155

Direxion Daily Junior Gold Miners Index Bear 3X Shares JDST US JDST.K DirexionShares ETF 3S (P) NYSE Arca Overall Global Overall Small Cap Blend 0.95% 210.0 (56.8) 140

Direxion Daily Emerging Markets Bear 3X Shares EDZ US EDZ DirexionShares ETF 3S (P) NYSE Arca EM Global Overall Broad Blend 0.95% 9.5 10.6 109

ProShares UltraShort MSCI Emerging Markets EEV US EEV ProShares ETF 2S (P) NYSE Arca EM Global Overall Broad Blend 0.95% 1.3 2.8 35

Direxion Daily Natural Gas Related Bear 3X Shares GASX US GASX.K DirexionShares ETF 3S (P) NYSE Arca Overall Global Overall Broad Blend 0.95% 0.5 (0.7) 5


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Flows

$MM

AUM

$MM

Direxion Daily Developed Markets Bear 3X Shares DPK US DPK DirexionShares ETF 3S (P) NYSE Arca DM Global Overall Broad Blend 0.95% 0.1 (0.9) 5

ProShares Short MSCI EAFE EFZ US EFZ ProShares ETF 1S (P) NYSE Arca DM Global ex US Overall Broad Blend 0.95% 0.5 (5.5) 27

ProShares UltraShort MSCI EAFE EFU US EFU ProShares ETF 2S (P) NYSE Arca DM Global ex US Overall Broad Blend 0.95% 0.0 - 4

Direxion Daily Russia Bear 3X Shares RUSS US RUSS.K DirexionShares ETF 3S (P) NYSE Arca EM Europe Russia Broad Blend 0.95% 4.7 (9.9) 33

ProShares Short S&P500 SH US SH ProShares ETF 1S (P) NYSE Arca DM North America US Large Cap Blend 0.90% 76.3 67.3 1,964

ProShares UltraShort S&P500 SDS US SDS ProShares ETF 2S (P) NYSE Arca DM North America US Large Cap Blend 0.90% 101.8 42.0 1,395

ProShares UltraPro Short S&P500 SPXU US SPXU.K ProShares ETF 3S (P) NYSE Arca DM North America US Large Cap Blend 0.93% 75.0 84.1 716

Direxion Daily Small Cap Bear 3X Shares TZA US TZA DirexionShares ETF 3S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 183.2 237.8 700

ProShares UltraPro Short QQQ SQQQ US SQQQ.O ProShares ETF 3S (P) Nasdaq DM North America US Large Cap Blend 0.95% 120.8 77.5 543

Direxion Daily S&P 500 Bear 3X Shares SPXS US SPXS.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 44.5 3.9 421

ProShares Short Russell2000 RWM US RWM ProShares ETF 1S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 20.0 (16.2) 332

ProShares UltraShort QQQ QID US QID ProShares ETF 2S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 40.8 44.9 313

ProShares Short QQQ PSQ US PSQ ProShares ETF 1S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 16.0 28.0 298

ProShares Short Dow30 DOG US DOG ProShares ETF 1S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 7.4 (7.3) 258

ProShares UltraShort Dow30 DXD US DXD ProShares ETF 2S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 20.7 (20.3) 208

Direxion Daily Financial Bear 3X Shares FAZ US FAZ DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.94% 32.4 (7.6) 203

ProShares UltraPro Short Dow30 SDOW US SDOW.K ProShares ETF 3S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 29.8 (5.5) 195

ProShares UltraShort Russell2000 TWM US TWM ProShares ETF 2S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 32.5 (5.3) 161

Direxion Daily S&P Biotech Bear 3X Shares LABD US LABD.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 42.3 38.0 122

ProShares UltraPro Short Russell2000 SRTY US SRTY.K ProShares ETF 3S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 35.4 6.8 98

ProShares UltraShort Nasdaq Biotechnology BIS US BIS.O ProShares ETF 2S (P) Nasdaq DM North America US Broad Blend 0.95% 1.7 (0.3) 48

ProShares UltraShort Financials SKF US SKF ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 1.1 2.3 45

Direxion Daily Energy Bear 3X Shares ERY US ERY DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 15.2 (21.1) 41

Direxion Daily S&P 500 Bear 1x Shares SPDN US SPDN.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Large Cap Blend 0.45% 0.2 1.7 39

Direxion Daily Semiconductor Bear 3X Shares SOXS US SOXS.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 10.0 7.3 39

ProShares UltraShort Real Estate SRS US SRS ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 1.8 (1.6) 33

ProShares UltraShort Oil & Gas DUG US DUG ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 3.8 (9.2) 32

ProShares Short Financials SEF US SEF ProShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.3 3.4 27

Direxion Daily Technology Bear 3X Shares TECS US TECS.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 1.5 2.2 17

Direxion Daily Real Estate Bear 3X Shares DRV US DRV DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.8 1.7 17

ProShares Short SmallCap600 SBB US SBB ProShares ETF 1S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 0.0 - 17

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares DRIP US DRIP.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 12.6 (16.4) 15

ProShares Short Real Estate REK US REK ProShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (0.8) 15

ProShares Short MidCap400 MYY US MYY ProShares ETF 1S (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 0.3 (2.5) 14

ProShares UltraShort Utilities SDP US SDP ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (0.1) 9

Direxion Daily Mid Cap Bear 3X Shares MIDZ US MIDZ.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 0.2 (1.9) 8

ProShares UltraShort Basic Materials SMN US SMN ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.2 0.9 7

ProShares UltraShort MidCap400 MZZ US MZZ ProShares ETF 2S (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 0.0 - 5

Direxion Daily Regional Banks Bear 3X Shares WDRW US WDRW.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 2.7 4


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ADV

$MM

Net

Flows

$MM

AUM

$MM

ProShares Short Oil & Gas DDG US DDG ProShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 (1.2) 3

ProShares UltraPro Short MidCap400 SMDD US SMDD.K ProShares ETF 3S (P) NYSE Arca DM North America US Mid Cap Blend 0.95% 0.1 0.1 3

ProShares UltraShort Technology REW US REW ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (0.1) 3

ProShares UltraShort Industrials SIJ US SIJ ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 3

ProShares UltraShort Semiconductors SSG US SSG ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.2 (3.0) 3

Virtus Enhanced Short US Equity ETF VESH US VESH.K Virtus Investment ETF 1S (P) NYSE Arca DM North America US Large Cap Blend 0.55% 0.0 2.5 2

ProShares UltraShort SmallCap600 SDD US SDD ProShares ETF 2S (P) NYSE Arca DM North America US Small Cap Blend 0.95% 0.0 - 2

Direxion Daily Consumer Staples Bear 1X Shares SPLZ US SPLZ.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 - 2

Direxion Daily Utilities Bear 1X Shares UTLZ US UTLZ.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 - 2

ProShares Short Basic Materials SBM US SBM ProShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 2

ProShares UltraShort Consumer Services SCC US SCC ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 2

ProShares UltraPro Short Financial Select Sector FINZ US FINZ.K ProShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 2

Direxion Daily Financial Bear 1X Shares FAZZ US FAZZ.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 - 2

ProShares UltraShort Consumer Goods SZK US SZK ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 2

ProShares Short S&P Regional Banking KRS US KRS ProShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 2

Direxion Daily Homebuilders & Supplies Bear 3X Shares CLAW US CLAW.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.1 (0.9) 2

Direxion Daily S&P Biotech Bear 1X Shares LABS US LABS.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 (3.2) 1

ProShares UltraShort Health Care RXD US RXD ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 (1.0) 1

Direxion Daily Healthcare Bear 3X Shares SICK US SICK.K DirexionShares ETF 3S (P) NYSE Arca DM North America US Large Cap Blend 0.95% 0.0 - 1

Direxion Daily Energy Bear 1X Shares ERYY US ERYY.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 - 1

Direxion Daily Technology Bear 1X Shares TECZ US TECZ.K DirexionShares ETF 1S (P) NYSE Arca DM North America US Broad Blend 0.45% 0.0 (1.0) 1

Fundamental

First Trust Australia AlphaDEX Fund FAUS US FAUS.K First Trust ETF 1L (P) NYSE Arca DM Pacific Australia Large Cap Blend 0.81% 0.0 - 2

First Trust Brazil AlphaDEX Fund FBZ US FBZ First Trust ETF 1L (P) NYSE Arca EM Latin America Brazil Broad Blend 0.83% 3.6 (105.5) 25

First Trust Canada AlphaDEX Fund FCAN US FCAN.K First Trust ETF 1L (P) NYSE Arca DM North America Canada Broad Blend 0.80% 0.3 (12.7) 6

First Trust China AlphaDEX Fund FCA US FCA First Trust ETF 1L (P) NYSE Arca EM Asia China Broad Blend 0.80% 0.0 - 5

First Trust Germany AlphaDEX Fund FGM US FGM First Trust ETF 1L (P) NYSE Arca DM Eurozone Germany Broad Blend 0.80% 0.6 21.2 181

First Trust Hong Kong AlphaDEX Fund FHK US FHK First Trust ETF 1L (P) NYSE Arca DM Pacific Hong Kong Large Cap Blend 0.80% 0.1 (1.9) 8

WisdomTree India Earnings Fund EPI US EPI WisdomTree ETF 1L (P) NYSE Arca EM Asia India Broad Blend 0.84% 51.1 60.1 1,652

First Trust Japan AlphaDEX Fund FJP US FJP First Trust ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.80% 0.7 2.6 60

First Trust Asia Pacific Ex-Japan AlphaDEX Fund FPA US FPA First Trust ETF 1L (P) NYSE Arca Overall Asia Pacific ex Japan Overall Broad Blend 0.80% 0.3 3.3 46

PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio PAF US PAF PowerShares ETF 1L (P) NYSE Arca Overall Asia Pacific ex Japan Overall Broad Blend 0.49% 0.3 2.7 30

First Trust Europe AlphaDEX Fund FEP US FEP First Trust ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.80% 4.2 139.6 443

First Trust Eurozone AlphaDEX Fund FEUZ US FEUZ.O First Trust ETF 1L (P) Nasdaq DM Eurozone Overall Broad Blend 0.80% 0.2 3.9 12

Schwab Fundamental Emerging Markets Large Company Index

ETF

FNDE US FNDE.K Charles Schwab ETF 1L (P) NYSE Arca EM Global Overall Large Cap Blend 0.47% 6.5 210.2 1,311

PowerShares FTSE RAFI Emerging Markets Portfolio PXH US PXH PowerShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.49% 3.2 21.9 833

First Trust Emerging Markets AlphaDEX Fund FEM US FEM First Trust ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.80% 2.9 67.1 283

First Trust Emerging Markets Small Cap AlphaDEX Fund FEMS US FEMS.K First Trust ETF 1L (P) NYSE Arca EM Global Overall Small Cap Blend 0.80% 1.7 49.0 200

WisdomTree Global SmallCap Dividend Fund GSD US GSD.Z WisdomTree ETF 1L (P) BATS Overall Global Overall Small Cap Dividend 0.43% 0.1 - 28


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ADV

$MM

Net

Flows

$MM

AUM

$MM

WisdomTree Global Hedged SmallCap Dividend Fund HGSD US HGSD.Z WisdomTree ETF 1L (P) BATS Overall Global Overall Small Cap Dividend 0.43% 0.0 - 24

Schwab Fundamental International Large Company Index ETF FNDF US FNDF.K Charles Schwab ETF 1L (P) NYSE Arca DM Global ex US Overall Large Cap Blend 0.32% 9.7 418.0 2,569

Schwab Fundamental International Small Company Index ETF FNDC US FNDC.K Charles Schwab ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.46% 4.6 178.3 1,215

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio PXF US PXF PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.45% 2.6 - 1,130

First Trust Developed Markets Ex-US AlphaDEX Fund FDT US FDT First Trust ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.80% 6.3 262.6 478

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid

Portfolio

PDN US PDN PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.49% 0.4 - 189

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund FDTS US FDTS.K First Trust ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.80% 0.0 0.0 8

WisdomTree Global ex-U.S. Hedged Real Estate Fund HDRW US HDRW.Z WisdomTree ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.43% 0.0 - 3

First Trust Latin America AlphaDEX Fund FLN US FLN First Trust ETF 1L (P) NYSE Arca EM Latin America Overall Broad Blend 0.82% 2.1 (131.0) 24

First Trust South Korea AlphaDEX Fund FKO US FKO First Trust ETF 1L (P) NYSE Arca EM Asia South Korea Broad Blend 0.80% 0.0 - 5

First Trust Switzerland AlphaDEX Fund FSZ US FSZ First Trust ETF 1L (P) NYSE Arca DM Europe Switzerland Broad Blend 0.80% 0.9 21.6 190

First Trust Taiwan AlphaDEX Fund FTW US FTW First Trust ETF 1L (P) NYSE Arca EM Asia Taiwan Broad Blend 0.80% 0.0 - 4

First Trust United Kingdom AlphaDEX Fund FKU US FKU First Trust ETF 1L (P) NYSE Arca DM Europe UK Large Cap Blend 0.80% 0.1 - 27

PowerShares FTSE RAFI US 1000 Portfolio PRF US PRF PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.39% 11.9 (77.1) 4,862

iShares Edge MSCI USA Quality Factor ETF QUAL US QUAL.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 14.4 (85.8) 3,653

Schwab Fundamental U.S. Large Company Index ETF FNDX US FNDX.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.32% 10.0 400.6 2,752

Schwab Fundamental U.S. Small Company Index ETF FNDA US FNDA.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.32% 7.0 228.8 1,890

PowerShares FTSE RAFI US 1500 Small-Mid Portfolio PRFZ US PRFZ.O PowerShares ETF 1L (P) Nasdaq DM North America US Broad Blend 0.39% 3.1 (11.7) 1,635

First Trust Large Cap Core AlphaDEX Fund FEX US FEX First Trust ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.67% 8.7 (42.1) 1,544

First Trust Industrials/Producer Durables AlphaDEX Fund FXR US FXR First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 7.5 (82.8) 1,423

First Trust Utilities AlphaDEX Fund FXU US FXU First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 5.8 (45.8) 1,360

First Trust Health Care AlphaDEX Fund FXH US FXH First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 5.7 28.7 1,044

First Trust Large Cap Value AlphaDEX Fund FTA US FTA First Trust ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.70% 3.7 37.2 1,038

First Trust Financials AlphaDEX Fund FXO US FXO First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 8.5 (101.2) 990

WisdomTree US MidCap Earnings Fund EZM US EZM WisdomTree ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.38% 2.0 19.5 829

First Trust Mid Cap Core AlphaDEX Fund FNX US FNX First Trust ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.67% 2.5 (46.6) 693

First Trust Technology AlphaDEX Fund FXL US FXL First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 5.0 33.5 669

First Trust Large Cap Growth AlphaDEX Fund FTC US FTC First Trust ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.70% 2.3 12.8 643

First Trust Consumer Staples AlphaDEX Fund FXG US FXG First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 4.7 (86.1) 541

WisdomTree US SmallCap Earnings Fund EES US EES WisdomTree ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.38% 1.3 (9.8) 492

First Trust Small Cap Core AlphaDEX Fund FYX US FYX First Trust ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.70% 2.2 (45.8) 487

First Trust Capital Strength ETF FTCS US FTCS.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.65% 2.6 44.5 432

First Trust Consumer Discretionary AlphaDEX Fund FXD US FXD First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 3.6 (40.4) 400

First Trust Materials AlphaDEX Fund FXZ US FXZ First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 3.9 (61.9) 290

Schwab Fundamental U.S. Broad Market Index ETF FNDB US FNDB.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.32% 0.9 (8.4) 264

First Trust Energy AlphaDEX Fund FXN US FXN First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 11.0 (211.7) 263

Barron's 400 ETF BFOR US BFOR.K ALPS ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.4 - 200

WisdomTree US Earnings 500 Fund EPS US EPS WisdomTree ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.28% 0.2 4.1 138

First Trust Multi Cap Value AlphaDEX Fund FAB US FAB First Trust ETF 1L (P) NYSE Arca DM North America US Broad Value 0.70% 0.3 (7.6) 110


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$MM

First Trust Small Cap Growth AlphaDEX Fund FYC US FYC First Trust ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.70% 0.8 (5.2) 107

First Trust Multi Cap Growth AlphaDEX Fund FAD US FAD First Trust ETF 1L (P) NYSE Arca DM North America US Broad Growth 0.70% 0.3 - 99

First Trust Mid Cap Growth AlphaDEX Fund FNY US FNY First Trust ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.70% 0.6 (3.5) 93

First Trust Dow Jones Select MicroCap Index Fund FDM US FDM First Trust ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.60% 0.5 (2.1) 84

First Trust Small Cap Value AlphaDEX Fund FYT US FYT First Trust ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.70% 1.3 (50.2) 65

WisdomTree US Total Earnings Fund EXT US EXT WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.28% 0.2 - 64

First Trust Mid Cap Value AlphaDEX Fund FNK US FNK First Trust ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.70% 0.6 (19.6) 55

WisdomTree US LargeCap Value Fund EZY US EZY WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.38% 0.4 (17.6) 44

First Trust Mega Cap AlphaDEX Fund FMK US FMK First Trust ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.70% 0.0 (1.4) 15

First Trust Total US Market AlphaDEX ETF TUSA US TUSA.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.70% 0.1 - 10

Quantitative

SPDR MSCI Australia StrategicFactorsSM ETF QAUS US QAUS.K State Street ETF 1L (P) NYSE Arca DM Pacific Australia Broad Blend 0.30% 0.2 2.6 15

SPDR MSCI Canada StrategicFactorsSM ETF QCAN US QCAN.K State Street ETF 1L (P) NYSE Arca DM North America Canada Broad Blend 0.30% 0.1 - 36

SPDR MSCI Germany StrategicFactorsSM ETF QDEU US QDEU.K State Street ETF 1L (P) NYSE Arca DM Eurozone Germany Broad Blend 0.30% 0.2 11.9 18

Goldman Sachs ActiveBeta Japan Equity ETF GSJY US GSJY.K Goldman Sachs ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.25% 0.1 - 36

iShares Edge MSCI Min Vol Japan ETF JPMV US JPMV.K BlackRock ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.30% 0.3 - 31

Global X Scientific Beta Japan ETF SCIJ US SCIJ.K Global X Funds ETF 1L (P) NYSE Arca DM Pacific Japan Large Cap Blend 0.38% 0.0 (0.0) 18

SPDR MSCI Japan StrategicFactorsSM ETF QJPN US QJPN.K State Street ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.30% 0.1 - 14

WisdomTree Japan Hedged Quality Dividend Growth Fund JHDG US JHDG.K WisdomTree ETF 1L (P) NYSE Arca DM Pacific Japan Broad Dividend 0.43% 0.0 - 13

PowerShares Japan Currency Hedged Low Volatility Portfolio FXJP US FXJP.K PowerShares ETF 1L (P) NYSE Arca DM Pacific Japan Broad Blend 0.25% 0.0 - 1

iShares Edge MSCI Min Vol Asia ex Japan ETF AXJV US AXJV.K BlackRock ETF 1L (P) NYSE Arca Overall Asia ex Japan Overall Broad Blend 0.35% 0.1 - 7

Global X Scientific Beta Asia ex-Japan ETF SCIX US SCIX.K Global X Funds ETF 1L (P) NYSE Arca DM Asia ex Japan Overall Large Cap Blend 0.38% 0.0 1.2 4

JPMorgan Diversified Return Europe Equity ETF JPEU US JPEU.K JPMorgan ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.43% 0.2 - 68

Goldman Sachs ActiveBeta Europe Equity ETF GSEU US GSEU.K Goldman Sachs ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.25% 0.1 4.4 38

iShares Edge MSCI Min Vol Europe ETF EUMV US EUMV.K BlackRock ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.25% 1.2 8.7 35

JPMorgan Diversified Return Europe Currency Hedged ETF JPEH US JPEH.K JPMorgan ETF 1L (P) NYSE Arca DM Europe Overall Broad Blend 0.49% 0.0 - 29

WisdomTree Europe Quality Dividend Growth Fund EUDG US EUDG.K WisdomTree ETF 1L (P) NYSE Arca DM Europe Overall Broad Dividend 0.58% 0.2 2.5 21

Global X Scientific Beta Europe ETF SCID US SCID.K Global X Funds ETF 1L (P) NYSE Arca DM Europe Overall Large Cap Blend 0.38% 0.0 1.2 18

iShares Edge MSCI Min Vol Europe Currency Hedged ETF HEUV US HEUV.Z BlackRock ETF 1L (P) BATS DM Europe Overall Broad Blend 0.28% 0.0 - 4

Pacer Trendpilot European Index ETF PTEU US PTEU.Z Pacer Advisors ETF 1L (P) BATS DM Eurozone Overall Broad Blend 0.65% 0.2 5.6 38

iShares Edge MSCI Min Vol Emerging Markets ETF EEMV US EEMV.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.25% 21.9 5.5 3,852

iShares Edge MSCI Min Vol Global ETF ACWV US ACWV.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.20% 19.4 244.4 3,341

Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM US GEM Goldman Sachs ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.45% 3.5 263.1 1,347

FlexShares Morningstar Emerging Markets Factor Tilt Index

Fund

TLTE US TLTE.K FlexShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.65% 1.1 20.7 457

Franklin LibertyQ Emerging Markets ETF FLQE US FLQE.K Franklin Templeton Investments ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.55% 0.5 (12.1) 325

PowerShares S&P Emerging Markets Momentum Portfolio EEMO US EEMO.K PowerShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.29% 5.0 293.7 305

PowerShares S&P Emerging Markets Low Volatility Portfolio EELV US EELV.K PowerShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.29% 1.2 - 256

SPDR MSCI Emerging Markets StrategicFactorsSM ETF QEMM US QEMM.K State Street ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.30% 0.3 9.9 185

PowerShares DWA Emerging Markets Momentum Portfolio PIE US PIE PowerShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.90% 1.3 24.5 180


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Flows AUM

IQ ARB Global Resources ETF GRES US GRES.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.75% 2.3 (33.3) 176

JPMorgan Diversified Return Emerging Markets Equity ETF JPEM US JPEM.K JPMorgan ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.45% 1.4 15.7 152

Pacer Global Cash Cows Dividend ETF GCOW US GCOW.Z Pacer Advisors ETF 1L (P) BATS DM Global Overall Large Cap Dividend 0.60% 0.8 30.3 90

Knowledge Leaders Developed World ETF KLDW US KLDW.K Exchange Traded Concepts ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.50% 0.4 6.0 79

JPMorgan Diversified Return Global Equity ETF JPGE US JPGE.K JPMorgan ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.38% 0.3 - 75

QuantX Risk Managed Growth ETF QXGG US QXGG.Z Blue Sky Asset Management ETF 1L (P) BATS Overall Global Overall Broad Growth 0.95% 0.0 1.4 63

iShares Edge MSCI Multifactor Emerging Markets ETF EMGF US EMGF.Z BlackRock ETF 1L (P) BATS EM Global Overall Broad Blend 0.65% 0.3 12.5 55

WisdomTree Emerging Markets Quality Dividend Growth Fund DGRE US DGRE.O WisdomTree ETF 1L (P) Nasdaq EM Global Overall Broad Dividend 0.32% 0.2 4.7 55

Janus Henderson SG Global Quality Income ETF SGQI US SGQI.K Janus Henderson ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.45% 0.0 1.3 47

Hartford Multifactor Emerging Markets ETF ROAM US ROAM.K Hartford Funds ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.65% 0.3 4.6 42

FlexShares Currency Hedged Morningstar EM Factor Tilt Index

Fund

TLEH US TLEH.K FlexShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.70% 0.2 (2.8) 40

Inspire Global Hope Large Cap ETF BLES US BLES.K CWM Advisors ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.65% 0.3 9.0 38

VictoryShares Emerging Market Volatility Wtd Index ETF CEZ US CEZ.O Victory Capital Management ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.50% 0.1 2.7 33

ClearBridge All Cap Growth ETF CACG US CACG.O Legg Mason GAM ETF 1L (P) Nasdaq Overall Global Overall Broad Growth 0.53% 0.4 32.7 33

SPDR MSCI World StrategicFactorsSM ETF QWLD US QWLD.K State Street ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.30% 0.0 - 28

iShares Edge MSCI Multifactor Global ETF ACWF US ACWF.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.50% 0.1 (0.0) 22

Franklin LibertyQ Global Equity ETF FLQG US FLQG.K Franklin Templeton Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.35% 0.1 (5.4) 17

Franklin LibertyQ Global Dividend ETF FLQD US FLQD.K Franklin Templeton Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.45% 0.2 (11.2) 17

Legg Mason Emerging Markets Diversified Core ETF EDBI US EDBI.O Legg Mason GAM ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.50% 0.1 7.2 15

Hartford Multifactor Global Small Cap ETF ROGS US ROGS.K Hartford Funds ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.60% 0.1 2.7 14

Columbia EM Quality Dividend ETF HILO US HILO.K Columbia Management ETF 1L (P) NYSE Arca EM Global Overall Broad Dividend 0.85% 0.0 (0.7) 13

Deutsche X-trackers FTSE Emerging Comprehensive Factor ETF DEMG US DEMG.K Deutsche AM ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.50% 0.0 - 12

WisdomTree Emerging Markets Dividend Fund DVEM US DVEM.Z WisdomTree ETF 1L (P) BATS EM Global Overall Broad Dividend 0.32% 0.1 2.9 12

Cambria Emerging Shareholder Yield ETF EYLD US EYLD.Z Cambria Funds ETF 1L (P) BATS EM Global Overall Broad Dividend 0.69% 0.0 (0.0) 12

iShares Edge MSCI Min Vol EM Currency Hedged ETF HEMV US HEMV.Z BlackRock ETF 1L (P) BATS EM Global Overall Broad Blend 0.28% 0.0 - 6

Columbia Sustainable Global Equity Income ETF ESGW US ESGW.K Columbia Management ETF 1L (P) NYSE Arca Overall Global Overall Broad Dividend 0.40% 0.1 - 6

First Trust Emerging Markets Equity Select ETF RNEM US RNEM.O First Trust ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.77% 0.0 5.0 5

PowerShares DWA Momentum & Low Volatility Rotation

Portfolio

DWLV US DWLV.O PowerShares ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.15% 0.0 - 4

FlexShares Real Assets Allocation Index Fund ASET US ASET.O FlexShares ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.58% 0.0 0.7 3

Legg Mason Emerging Markets Low Volatility High Dividend

ETF

LVHE US LVHE.Z Legg Mason GAM ETF 1L (P) BATS EM Global Overall Broad Dividend 0.50% 0.0 - 3

iShares Edge MSCI Min Vol Global Currency Hedged ETF HACV US HACV.Z BlackRock ETF 1L (P) BATS Overall Global Overall Broad Blend 0.23% 0.0 - 3

PowerShares Developed EuroPacific Currency Hedged Low

Volatility Portfolio

FXEP US FXEP.K PowerShares ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.25% 0.0 - 1

iShares Edge MSCI Min Vol EAFE ETF EFAV US EFAV.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.20% 42.2 535.1 7,039

JPMorgan Diversified Return International Equity ETF JPIN US JPIN.K JPMorgan ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.43% 4.9 165.6 879

FlexShares Morningstar Developed Markets ex-US Factor Tilt

Index Fund

TLTD US TLTD.K FlexShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.42% 2.0 62.4 877

Vident International Equity Fund VIDI US VIDI.O Exchange Traded Concepts ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.65% 0.9 17.4 677

First Trust Dorsey Wright International Focus 5 ETF IFV US IFV.O First Trust ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.30% 3.6 115.5 667

PowerShares S&P International Developed Low Volatility

Portfolio

IDLV US IDLV.K PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.25% 3.2 91.6 572

Goldman Sachs ActiveBeta International Equity ETF GSIE US GSIE.K Goldman Sachs ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.35% 2.0 106.1 545


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ADV

$MM

Net

Flows

$MM

AUM

$MM

WisdomTree International Hedged Quality Dividend Growth

Fund

IHDG US IHDG.K WisdomTree ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.58% 2.5 (1.5) 497

iShares Edge MSCI Multifactor Intl ETF INTF US INTF.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.45% 1.3 5.0 241

PowerShares DWA Developed Markets Momentum Portfolio PIZ US PIZ PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.80% 1.8 28.2 229

PowerShares Russell 1000 Low Beta Equal Weight Portfolio USLB US USLB.O PowerShares ETF 1L (P) Nasdaq DM Global ex US Overall Large Cap Blend 0.35% 0.3 (8.9) 156

SPDR MSCI EAFE StrategicFactorsSM ETF QEFA US QEFA.K State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.30% 0.7 18.2 148

PowerShares FTSE International Low Beta Equal Weight

Portfolio

IDLB US IDLB.O PowerShares ETF 1L (P) Nasdaq DM Global ex US Overall Broad Blend 0.45% 0.5 (29.4) 140

iShares Edge MSCI Intl Value Factor ETF IVLU US IVLU.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Value 0.30% 0.5 21.9 98

VictoryShares Developed 500 Enhanced Volatility Weighted

Index ETF

CIZ US CIZ.O Victory Capital Management ETF 1L (P) Nasdaq DM Global ex US Overall Large Cap Blend 0.78% 0.5 27.8 82

Hartford Multifactor Developed Markets (ex-US) ETF RODM US RODM.K Hartford Funds ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.50% 0.5 18.6 81

WisdomTree Global ex-U.S. Dividend Growth Fund DNL US DNL WisdomTree ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Growth 0.58% 0.2 - 53

JPMorgan Diversified Return International Currency Hedged ETF JPIH US JPIH.K JPMorgan ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.49% 0.1 - 43

John Hancock MultiFactor Developed International ETF JHMD US JHMD.K John Hancock Investments ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.45% 0.1 2.8 36

iShares Edge MSCI Intl Momentum Factor ETF IMTM US IMTM.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.30% 0.3 11.2 33

VictoryShares International High Dividend 100 Volatility

Weighted Index ETF

CID US CID.O Victory Capital Management ETF 1L (P) Nasdaq DM Global ex US Overall Broad Dividend 0.45% 0.2 3.3 33

iShares Edge MSCI Intl Quality Factor ETF IQLT US IQLT.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.30% 0.3 - 25

PowerShares S&P International Developed Quality Portfolio IDHQ US IDHQ.K PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.45% 0.1 (0.0) 23

FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt

Index Fund

TLDH US TLDH.K FlexShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.47% 0.1 (1.4) 19

iShares Edge MSCI Min Vol EAFE Currency Hedged ETF HEFV US HEFV.Z BlackRock ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.23% 0.1 - 19

iShares Edge MSCI Multifactor Intl Small-Cap ETF ISCF US ISCF.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Small Cap Blend 0.60% 0.1 2.9 17

VictoryShares International 500 Volatility Weighted Index ETF CIL US CIL.O Victory Capital Management ETF 1L (P) Nasdaq DM Global ex US Overall Large Cap Blend 0.45% 0.0 - 13

WisdomTree International Quality Dividend Growth Fund IQDG US IQDG.Z WisdomTree ETF 1L (P) BATS DM Global ex US Overall Broad Dividend 0.38% 0.1 2.9 13

O'Shares FTSE Russell International Quality Dividend ETF ONTL US ONTL.K O'Shares Investments ETF 1L (P) NYSE Arca DM Global ex US Overall Large Cap Blend 0.48% 0.3 9.0 12

Franklin LibertyQ International Equity Hedged ETF FLQH US FLQH.K Franklin Templeton Investments ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.40% 0.1 - 10

Deutsche X-trackers FTSE Developed Ex US Comprehensive

Factor ETF

DEEF US DEEF.K Deutsche AM ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.35% 0.0 - 7

Columbia Sustainable International Equity Income ETF ESGN US ESGN.K Columbia Management ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Dividend 0.45% 0.0 (1.4) 6

Legg Mason Developed ex-US Diversified Core ETF DDBI US DDBI.O Legg Mason GAM ETF 1L (P) Nasdaq DM Global ex US Overall Broad Blend 0.40% 0.0 - 6

iShares Edge MSCI Intl Size Factor ETF ISZE US ISZE.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.30% 0.0 (0.2) 5

WisdomTree Global ex-U.S. Hedged Dividend Fund DXUS US DXUS.K WisdomTree ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.44% 0.0 - 5

First Trust Developed International Equity Select ETF RNDM US RNDM.O First Trust ETF 1L (P) Nasdaq DM Global ex US Overall Broad Blend 0.65% 0.0 5.0 5

Hartford Multifactor Low Volatility International Equity ETF LVIN US LVIN.Z Hartford Funds ETF 1L (P) BATS Overall Global ex US Overall Broad Blend 0.39% 0.0 2.5 3

PowerShares S&P International Developed Momentum Portfolio IDMO US IDMO.K PowerShares ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.26% 0.0 - 3

WisdomTree Dynamic Currency Hedged International Quality

Dividend Growth Fund

DHDG US DHDG.Z WisdomTree ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.58% 0.0 - 2

AlphaClone International ETF ALFI US ALFI.K AlphaClone ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.95% 0.0 - 2

Global X MSCI SuperDividend EAFE ETF EFAS US EFAS.O Global X Funds ETF 1L (P) Nasdaq DM Global ex US Overall Broad Dividend 0.55% 0.0 0.0 2

SPDR MSCI Spain StrategicFactorsSM ETF QESP US QESP.K State Street ETF 1L (P) NYSE Arca DM Eurozone Spain Broad Blend 0.30% 0.4 7.6 10

SPDR MSCI UK StrategicFactorsSM ETF QGBR US QGBR.K State Street ETF 1L (P) NYSE Arca DM Europe UK Broad Blend 0.30% 0.2 10.3 13

iShares Edge MSCI Min Vol USA ETF USMV US USMV.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 74.2 963.6 13,582

PowerShares S&P 500 Low Volatility Portfolio SPLV US SPLV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.25% 62.6 248.2 6,914

iShares Edge MSCI USA Momentum Factor ETF MTUM US MTUM.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 31.3 597.6 3,121


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ETF+

Qu

arterly Directo

ry

Pag

e 34

Deu

tsche B

ank S

ecurities In

c.

ETP NameBBG

TickerRIC Issuer

Structure &

StrategyExchange


ADV

$MM

Net

Flows

$MM

AUM

$MM

PowerShares S&P 500 High Dividend Low Volatility Portfolio SPHD US SPHD.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.30% 19.6 (17.9) 3,064

First Trust Dorsey Wright Focus 5 ETF FV US FV.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.30% 8.9 (194.7) 2,412

iShares Edge MSCI USA Value Factor ETF VLUE US VLUE.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Value 0.15% 15.0 (279.3) 2,384

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF GSLC US GSLC.K Goldman Sachs ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.09% 10.4 626.6 2,243

WisdomTree U.S. Quality Dividend Growth Fund DGRW US DGRW.O WisdomTree ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.28% 9.0 287.5 1,624

PowerShares DWA Momentum Portfolio PDP US PDP PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.74% 4.7 (162.2) 1,472

PowerShares S&P 500 Quality Portfolio SPHQ US SPHQ.P PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 4.5 31.2 1,250

PowerShares S&P MidCap Low Volatility Portfolio XMLV US XMLV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.25% 5.6 74.8 1,059

First Trust Nasdaq Bank ETF FTXO US FTXO.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 3.5 112.8 1,044

PowerShares S&P SmallCap Low Volatility Portfolio XSLV US XSLV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.25% 5.9 (38.8) 920

PowerShares Dynamic Pharmaceuticals Portfolio PJP US PJP PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 3.5 (64.4) 747

PowerShares Aerospace & Defense Portfolio PPA US PPA PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.66% 4.0 61.1 629

OppenheimerFunds Ultra Dividend Revenue ETF RDIV US RDIV.K OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.49% 2.9 19.3 511

Vident Core US Equity ETF VUSE US VUSE.O Exchange Traded Concepts ETF 1L (P) Nasdaq DM North America US Broad Blend 0.48% 0.6 6.0 493

Pacer Trendpilot 750 ETF PTLC US PTLC.Z Pacer Advisors ETF 1L (P) BATS DM North America US Large Cap Blend 0.60% 1.6 37.1 489

VictoryShares U.S. EQ Income 100 Enhanced Volatility

Weighted Index ETF

CDC US CDC.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.68% 1.7 55.9 470

SPDR Russell 1000 Momentum Focus ETF ONEO US ONEO.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 0.2 10.2 469

iShares Edge MSCI Multifactor USA ETF LRGF US LRGF.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 4.5 89.2 467

SPDR Russell 1000 Low Volatility Focus ETF ONEV US ONEV.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 0.1 - 432

VictoryShares US 500 Enhanced Volatility Weighted Index ETF CFO US CFO.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.68% 2.3 86.6 416

Global X SuperDividend U.S. ETF DIV US DIV Global X Funds ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.45% 1.9 21.4 410

SPDR Russell 1000 Yield Focus ETF ONEY US ONEY.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 0.1 - 397

iShares Edge MSCI USA Size Factor ETF SIZE US SIZE.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 1.0 46.6 318

PowerShares Dynamic Building & Construction Portfolio PKB US PKB PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 2.1 4.6 316

Pacer Trendpilot 450 ETF PTMC US PTMC.Z Pacer Advisors ETF 1L (P) BATS DM North America US Mid Cap Blend 0.60% 1.2 32.1 306

PowerShares S&P 500 BuyWrite Portfolio PBP US PBP PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.75% 2.0 (12.3) 302

VictoryShares US 500 Volatility Weighted Index ETF CFA US CFA.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.58% 1.9 64.6 291

Principal US Small Cap Index ETF PSC US PSC.O Principal Financial Group ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.38% 0.0 20.4 275

PowerShares Dynamic Semiconductors Portfolio PSI US PSI PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 3.9 44.1 263

PowerShares Dynamic Biotechnology & Genome Portfolio PBE US PBE PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 0.8 (16.1) 240

Direxion All Cap Insider Sentiment Shares KNOW US KNOW.K DirexionShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 1.5 (16.0) 235

JPMorgan Diversified Return US Equity ETF JPUS US JPUS.K JPMorgan ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 2.7 (31.5) 234

SPDR Russell 2000 Low Volatility ETF SMLV US SMLV.K State Street ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.12% 0.7 0.1 212

PowerShares DWA SmallCap Momentum Portfolio DWAS US DWAS.K PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.61% 1.0 (49.4) 208

Guggenheim Mid-Cap Core ETF CZA US CZA Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.68% 0.7 14.9 183

PowerShares Russell Top 200 Pure Growth Portfolio PXLG US PXLG.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Growth 0.39% 0.6 24.9 171

PowerShares S&P 500 High Beta Portfolio SPHB US SPHB.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.25% 11.2 (390.2) 156

Legg Mason Low Volatility High Dividend ETF LVHD US LVHD.O Legg Mason GAM ETF 1L (P) Nasdaq DM North America US Broad Dividend 0.30% 1.2 27.0 156

Fidelity Dividend ETF for Rising Rates FDRR US FDRR.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 1.3 43.9 145


21

July 2

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ETP NameBBG

TickerRIC Issuer

Structure &

StrategyExchange


ADV

$MM

Net

Flows

$MM

AUM

$MM

PowerShares DWA Technology Momentum Portfolio PTF US PTF PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.6 (28.9) 145

PowerShares Dynamic Market Portfolio PWC US PWC PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 0.2 (5.0) 141

PowerShares DWA Industrials Momentum Portfolio PRN US PRN PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.5 (17.5) 139

iShares MSCI USA Equal Weighted ETF EUSA US EUSA.K BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 0.7 (5.0) 132

PowerShares Dynamic Food & Beverage Portfolio PBJ US PBJ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 0.6 (11.9) 128

PowerShares Dynamic Leisure and Entertainment Portfolio PEJ US PEJ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 1.2 (1.3) 126

PowerShares S&P 500 Ex-Rate Sensitive Low Volatility Portfolio XRLV US XRLV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.25% 0.5 2.9 125

Elkhorn Lunt Low Vol/High Beta Tactical ETF LVHB US LVHB.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US Large Cap Blend 0.49% 0.7 0.2 125

VictoryShares US Large Cap High Dividend 100 Volatility

Weighted Index ETF

CDL US CDL.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.35% 0.7 16.7 120

Franklin LibertyQ US Equity ETF FLQL US FLQL.Z Franklin Templeton Investments ETF 1L (P) BATS DM North America US Broad Blend 0.25% 1.8 114.4 114

IQ Chaikin US Small Cap ETF CSML US CSML.O IndexIQ Advisors ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.36% 1.8 108.9 111

Global X Scientific Beta US ETF SCIU US SCIU.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.3 5.6 109

PowerShares Dynamic Software Portfolio PSJ US PSJ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 0.4 2.6 109

PowerShares DWA Basic Materials Momentum Portfolio PYZ US PYZ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.4 (12.2) 107

WisdomTree U.S. Quality SmallCap Dividend Growth Fund DGRS US DGRS.O WisdomTree ETF 1L (P) Nasdaq DM North America US Small Cap Dividend 0.38% 0.5 (3.3) 100

Deep Value ETF DVP US DVP Exchange Traded Concepts ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.87% 0.1 4.2 98

PowerShares Dynamic Media Portfolio PBS US PBS PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 1.2 (51.2) 97

PowerShares DWA Financial Momentum Portfolio PFI US PFI PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.75% 0.4 (7.1) 94

PowerShares DWA Energy Momentum Portfolio PXI US PXI PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.66% 1.9 (84.1) 94

Deutsche X-trackers Russell 1000 Comprehensive Factor ETF DEUS US DEUS.K Deutsche AM ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.25% 0.7 21.8 87

Pacer Trendpilot 100 ETF PTNQ US PTNQ.Z Pacer Advisors ETF 1L (P) BATS DM North America US Large Cap Blend 0.65% 0.5 14.8 85

PowerShares DWA Healthcare Momentum Portfolio PTH US PTH PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.4 (8.6) 83

PowerShares DWA Tactical Sector Rotation Portfolio DWTR US DWRT.O PowerShares ETF 1L (P) Nasdaq DM North America US Broad Blend 0.15% 1.0 (45.2) 82

PowerShares Russell 2000 Pure Value Portfolio PXSV US PXSV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Value 0.39% 0.4 (11.6) 79

SPDR Russell 1000 Low Volatility ETF LGLV US LGLV.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.12% 0.5 (12.8) 78

PowerShares Russell Top 200 Pure Value Portfolio PXLV US PXLV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.39% 0.7 (16.1) 72

PowerShares DWA Utilities Momentum Portfolio PUI US PUI PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 2.6 (13.6) 71

PowerShares DWA Consumer Staples Momentum Portfolio PSL US PSL PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.4 (9.0) 71

PowerShares Russell Midcap Pure Growth Portfolio PXMG US PXMG.K PowerShares ETF 1L (P) NYSE Arca DM North America US Mid Cap Growth 0.39% 0.1 0.0 71

PowerShares S&P 500 Downside Hedged Portfolio PHDG US PHDG.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.39% 0.4 (23.1) 68

PowerShares DWA Consumer Cyclicals Momentum Portfolio PEZ US PEZ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 1.1 25.7 60

PowerShares Russell Midcap Pure Value Portfolio PXMV US PXMV.K PowerShares ETF 1L (P) NYSE Arca DM North America US Mid Cap Value 0.40% 0.6 (23.4) 57

VictoryShares US Discovery 500 Enhanced Volatility Weighted

Fund ETF

CSF US CSF.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.68% 0.3 8.2 56

Fidelity Core Dividend ETF FDVV US FDVV.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.29% 0.6 10.7 55

JPMorgan Diversified Return US Mid Cap Equity ETF JPME US JPME.K JPMorgan ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.34% 0.4 5.5 53

First Trust Value Line 100 ETF FVL US FVL First Trust ETF 1L (P) NYSE Arca DM North America US Broad Value 0.70% 0.1 (0.0) 52

PowerShares Dynamic Energy Exploration & Production

Portfolio

PXE US PXE PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.2 (3.9) 50

PowerShares S&P 500 Enhanced Value Portfolio SPVU US SPVU.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.25% 0.1 44.8 49

iShares Edge MSCI Multifactor USA Small-Cap ETF SMLF US SMLF.K BlackRock ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.50% 0.2 5.3 49


21

July 2

01

7

ETF+

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e 36

Deu

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ecurities In

c.

ETP NameBBG

TickerRIC Issuer

Structure &

StrategyExchange


ADV

$MM

Net

Flows

$MM

AUM

$MM

Janus Velocity Volatility Hedged Large Cap ETF SPXH US SPXH.K Janus Henderson ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.2 - 47

John Hancock Multifactor Technology ETF JHMT US JHMT.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.2 5.3 46

John Hancock Multifactor Financials ETF JHMF US JHMF.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.1 1.6 46

PowerShares Russell Top 200 Equal Weight Portfolio EQWL US EQWL.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.25% 0.2 7.1 45

SPDR MSCI USA StrategicFactorsSM ETF QUS US QUS State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.15% 0.2 7.0 42

PowerShares DWA NASDAQ Momentum Portfolio DWAQ US DWAQ.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.61% 0.1 (3.9) 41

QuantX Dynamic Beta US Equity ETF XUSA US XUSA.Z Blue Sky Asset Management ETF 1L (P) BATS DM North America US Large Cap Blend 0.59% 0.2 2.6 39

O'Shares FTSE Russell Small Cap Quality Dividend ETF OUSM US OUSM.K O'Shares Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Dividend 0.48% 0.5 12.7 38

Fidelity Value Factor ETF FVAL US FVAL.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Value 0.29% 0.5 7.2 36

PowerShares Russell 2000 Pure Growth Portfolio PXSG US PXSG.K PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Growth 0.41% 0.1 0.0 36

JPMorgan Diversified Return US Small Cap Equity ETF JPSE US JPSE.K JPMorgan ETF 1L (P) NYSE Arca DM North America US Small Cap Dividend 0.39% 0.2 4.0 34

WBI Power Factor High Dividend ETF WBIY US WBIY.K Millington Securities ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.67% 0.3 12.2 34

VictoryShares US Small Cap High Dividend 100 Volatility

Weighted Index ETF

CSB US CSB.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Small Cap Dividend 0.35% 0.2 2.0 32

Aptus Behavioral Momentum ETF BEMO US BEMO.Z Aptus Capital ETF 1LS (P) BATS DM North America US Large Cap Blend 0.79% 0.1 (1.4) 31

John Hancock Multifactor Health Care ETF JHMH US JHMH.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.1 (2.9) 31

Goldman Sachs Hedge Industry VIP ETF GVIP US GVIP.K Goldman Sachs ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.45% 0.4 (0.0) 31

John Hancock Multifactor Consumer Discretionary ETF JHMC US JHMC.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 1.4 31

Fidelity Momentum Factor ETF FDMO US FDMO.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 0.4 9.7 31

Fidelity Low Volatility Factor ETF FDLO US FDLO.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 0.3 8.1 29

PowerShares Dynamic Oil & Gas Services Portfolio PXJ US PXJ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.62% 0.3 (7.8) 29

Hartford Multifactor US Equity ETF ROUS US ROUS.K Hartford Funds ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.1 2.7 28

Fidelity Quality Factor ETF FQAL US FQAL.K Fidelity Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.29% 0.5 (6.9) 27

PowerShares Russell Midcap Equal Weight Portfolio EQWM US EQWM.K PowerShares ETF 1L (P) NYSE Arca DM North America US Mid Cap Blend 0.25% 0.1 - 26

PowerShares Dynamic Networking Portfolio PXQ US PXQ PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.64% 0.2 (0.1) 26

VictoryShares Small Cap 500 Volatility Weighted Index ETF CSA US CSA.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.35% 0.2 2.1 25

PowerShares Zacks Micro Cap Portfolio PZI US PZI PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.93% 0.1 (0.9) 24

Inspire Small/Mid Cap Impact ETF ISMD US ISMD.K CWM Advisors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.1 3.7 22

PowerShares Russell 2000 Equal Weight Portfolio EQWS US EQWS.K PowerShares ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.26% 0.1 (0.0) 22

John Hancock Multifactor Industrials ETF JHMI US JHMI.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 1.5 22

First Trust Nasdaq Semiconductor ETF FTXL US FTXL.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.2 6.3 21

SPDR S&P 1500 Momentum Tilt ETF MMTM US MMTM.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Growth 0.12% 0.2 5.1 20

John Hancock Multifactor Materials ETF JHMA US JHMA.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 1.5 20

Janus Henderson Small/Mid Cap Growth Alpha ETF JSMD US JSMD.O Janus Henderson ETF 1L (P) Nasdaq DM North America US Broad Growth 0.50% 0.1 3.3 19

Diamond Hill Valuation-Weighted 500 ETF DHVW US DHVW.K Diamond Hill Invesment ETF 1L (P) NYSE Arca DM North America US Large Cap Value 0.10% 0.2 (1.4) 19

Janus Velocity Tail Risk Hedged Large Cap ETF TRSK US TRSK.K Janus Henderson ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.0 - 18

John Hancock Multifactor Utilities ETF JHMU US JHMU.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 1.4 18

John Hancock Multifactor Consumer Staples ETF JHMS US JHMS.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 - 17

John Hancock Multifactor Energy ETF JHME US JHME.K John Hancock Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.0 - 15

WeatherStorm Forensic Accounting Long-Short ETF FLAG US FLAG.K Exchange Traded Concepts ETF 1LS (P) NYSE Arca DM North America US Large Cap Blend 0.80% 0.0 1.9 15


21

July 2

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ETP NameBBG

TickerRIC Issuer

Structure &

StrategyExchange


ADV

$MM

Net

Flows

$MM

AUM

$MM

PowerShares Retail Portfolio PMR US PMR PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.63% 0.1 - 14

Reality Shares DIVCON Leaders Dividend ETF LEAD US LEAD.Z Reality Shares ETF 1L (P) BATS DM North America US Large Cap Dividend 0.43% 0.1 3.5 12

Goldman Sachs Activebeta US Small Cap Equity ETF GSSC US GSSC.K Goldman Sachs ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.20% 0.1 12.0 12

Hartford Multifactor REIT ETF RORE US RORE.K Hartford Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.45% 0.1 6.1 11

SPDR S&P 1500 Value Tilt ETF VLU US VLU State Street ETF 1L (P) NYSE Arca DM North America US Broad Value 0.12% 0.0 - 9

Guggenheim Dow Jones Industrial Average Dividend ETF DJD US DJD.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Dividend 0.30% 0.1 1.5 9

PowerShares S&P SmallCap High Dividend Low Volatility Index

ETF

XSHD US XSHD.Z PowerShares ETF 1L (P) BATS DM North America US Small Cap Dividend 0.30% 0.1 1.2 9

Janus Henderson Small Cap Growth Alpha ETF JSML US JSML.O Janus Henderson ETF 1L (P) Nasdaq DM North America US Small Cap Growth 0.50% 0.0 1.6 8

iShares Edge MSCI Min Vol USA Small-Cap ETF SMMV US SMMV.Z BlackRock ETF 1L (P) BATS DM North America US Small Cap Blend 0.20% 0.1 (0.0) 8

Principal Shareholder Yield Index ETF PY US PY.OQ Principal Financial Group ETF 1L (P) Nasdaq DM North America US Broad Blend 0.40% 0.0 - 7

Principal Price Setters Index ETF PSET US PSET.O Principal Financial Group ETF 1L (P) Nasdaq DM North America US Broad Blend 0.40% 0.0 - 7

ALPS/Dorsey Wright Sector Momentum ETF SWIN US SWIN.O ALPS ETF 1L (P) Nasdaq DM North America US Broad Blend 0.40% 0.1 1.3 7

NuShares Short-Term REIT ETF NURE US NURE.Z Nuveen ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 6

Global X JPMorgan US Sector Rotator Index ETF SCTO US SCTO.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.86% 0.0 (1.3) 6

First Trust Nasdaq Food & Beverage ETF FTXG US FTXG.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.0 1.0 6

Columbia Sustainable US Equity Income ETF ESGS US ESGS.K Columbia Management ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.35% 0.0 - 6

Franklin LibertyQ US Mid Cap Equity ETF FLQM US FLQM.Z Franklin Templeton Investments ETF 1L (P) BATS DM North America US Mid Cap Blend 0.30% 0.0 5.1 5

Deutsche X-trackers Russell 2000 Comprehensive Factor ETF DESC US DESC.K Deutsche AM ETF 1L (P) NYSE Arca DM North America US Small Cap Dividend 0.30% 0.0 - 5

Guggenheim S&P 100 Equal Weight ETF OEW US OEW Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.40% 0.0 (0.0) 4

REX Gold Hedged S&P 500 ETF GHS US GHS Exchange Traded Concepts ETF 1LS (P) NYSE Arca DM North America US Broad Blend 1.45% 0.0 1.4 4

Hartford Multifactor Low Volatility US Equity ETF LVUS US LVUS.Z Hartford Funds ETF 1L (P) BATS DM North America US Broad Blend 0.29% 0.1 3.7 4

Arrow QVM Equity Factor ETF QVM US QVM ArrowShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.0 - 4

Franklin LibertyQ US Small Cap Equity ETF FLQS US FLQS.Z Franklin Templeton Investments ETF 1L (P) BATS DM North America US Small Cap Blend 0.35% 0.0 3.8 4

First Trust Nasdaq Transportation ETF FTXR US FTXR.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.0 1.2 4

iShares Edge MSCI Multifactor Technology ETF TCHF US TCHF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

iShares Edge MSCI Multifactor Financials ETF FNCF US FNCF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

Legg Mason US Diversified Core ETF UDBI US UDBI.O Legg Mason GAM ETF 1L (P) Nasdaq DM North America US Broad Blend 0.30% 0.0 - 3

iShares Edge MSCI Multifactor Materials ETF MATF US MATF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

PowerShares Contrarian Opportunities Portfolio CNTR US CNTR.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.0 - 3

iShares Edge MSCI Multifactor Healthcare ETF HCRF US HCRF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

iShares Edge MSCI Multifactor Industrials ETF INDF US INDF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

Guggenheim US Large Cap Optimized Volatility ETF OVLC US OVLC.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.30% 0.0 (0.0) 3

iShares Edge MSCI Multifactor Consumer Discretionary ETF CNDF US CNDF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

First Trust Nasdaq Oil & Gas ETF FTXN US FTXN.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.0 1.0 3

iShares Edge MSCI Multifactor Utilities ETF UTLF US UTLF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

PowerShares S&P 500 Value with Momentum Portfolio SPVM US SPVM.Z PowerShares ETF 1L (P) BATS DM North America US Large Cap Value 0.30% 0.0 2.5 3

iShares Edge MSCI Multifactor Consumer Staples ETF CNSF US CNSF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 3

PowerShares S&P SmallCap Quality Portfolio XSHQ US XSHQ.Z PowerShares ETF 1L (P) BATS DM North America US Small Cap Blend 0.29% 0.0 2.4 3

VictoryShares US Multi-Factor Minimum Volatility ETF VSMV US VSMV.O Victory Capital Management ETF 1L (P) Nasdaq DM North America US Broad Blend 0.35% 0.0 2.5 2


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Flows

$MM

AUM

$MM

WisdomTree US Multifactor Fund USMF US USMF.Z WisdomTree ETF 1L (P) BATS DM North America US Broad Blend 0.28% 0.0 2.5 2

Guggenheim Multi-Factor Large Cap ETF GMFL US GMFL.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.25% 0.0 2.5 2

iShares Edge MSCI Multifactor Energy ETF ERGF US ERGF.Z BlackRock ETF 1L (P) BATS DM North America US Broad Blend 0.35% 0.0 - 2

First Trust Nasdaq Pharmaceuticals ETF FTXH US FTXH.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.0 - 2

First Trust Small Cap US Equity Select ETF RNSC US RNSC.O First Trust ETF 1L (P) Nasdaq DM North America US Small Cap Blend 0.60% 0.0 2.0 2

First Trust US Equity Dividend Select ETF RNDV US RNDV.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Dividend 0.50% 0.0 2.0 2

First Trust Mid Cap US Equity Select ETF RNMC US RNMC.O First Trust ETF 1L (P) Nasdaq DM North America US Mid Cap Blend 0.60% 0.0 2.0 2

First Trust Large Cap US Equity Select ETF RNLC US RNLC.O First Trust ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.60% 0.0 2.0 2

First Trust Nasdaq Retail ETF FTXD US FTXD.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.0 - 2

PowerShares S&P 500 Momentum Portfolio SPMO US SPMO.K PowerShares ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.25% 0.0 - 1

Amplify YieldShares Prime 5 Dividend ETF PFV US PFV.Z Amplify Investments ETF 1L (P) BATS DM North America US Broad Dividend 0.35% 0.0 (1.4) 1

Guggenheim Large Cap Optimized Diversification ETF OPD US OPD Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.40% 0.0 (0.0) 1

Horizons USA Managed Risk ETF USMR US USMR.K Horizons Management ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.50% 0.0 - 1

Active

First Trust RiverFront Dynamic Europe ETF RFEU US RFEU.O First Trust ETF 1L (A) Nasdaq DM Europe Overall Broad Blend 0.83% 0.8 27.5 70

Principal Active Global Dividend Income ETF GDVD US GDVD.Z Principal Financial Group ETF 1L (A) BATS Overall Global Overall Broad Dividend 0.58% 0.0 424.7 429

WBI Tactical LCY Shares WBIG US WBIG.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Large Cap Dividend 1.00% 0.5 (8.0) 79

WBI Tactical LCV Shares WBIF US WBIF.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Large Cap Value 1.00% 0.5 11.7 79

WBI Tactical SMS Shares WBID US WBID.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 1.00% 0.5 8.2 74

WBI Tactical SMV Shares WBIB US WBIB.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Broad Value 1.00% 0.4 8.8 73

Davis Select Financial ETF DFNL US DFNL.O Davis Advisors ETF 1L (A) Nasdaq Overall Global Overall Broad Blend 0.65% 0.7 27.3 68

WBI Tactical SMY Shares WBIC US WBIC.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Broad Dividend 1.00% 0.5 (16.7) 66

WBI Tactical LCG Shares WBIE US WBIE.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Large Cap Growth 1.00% 0.3 (12.3) 50

Davis Select World Opportunities ETF DWLD US DWLD.O Davis Advisors ETF 1L (A) Nasdaq Overall Global Overall Broad Blend 0.65% 0.4 18.5 50

WBI Tactical LCS Shares WBIL US WBIL.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Large Cap Blend 1.00% 0.5 (23.9) 48

WBI Tactical SMG Shares WBIA US WBIA.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Broad Growth 1.00% 0.4 (17.9) 42

First Trust RiverFront Dynamic Emerging Markets ETF RFEM US RFEM.O First Trust ETF 1L (A) Nasdaq EM Global Overall Broad Blend 0.95% 0.3 6.3 31

Validea Market Legends ETF VALX US VALX.O Validea Capital Management ETF 1L (A) Nasdaq Overall Global Overall Broad Blend 0.79% 0.1 1.4 24

WBI Tactical Rotation Shares WBIR US WBIR.K Millington Securities ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 1.43% 0.1 2.4 18

AdvisorShares STAR Global Buy-Write ETF VEGA US VEGA.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 1.73% 0.0 (0.7) 17

ClearBridge Large Cap Growth ESG ETF LRGE US LRGE.O Legg Mason GAM ETF 1L (A) Nasdaq Overall Global Overall Large Cap Growth 0.59% 0.0 2.5 3

ClearBridge Dividend Strategy ESG ETF YLDE US YLDE.O Legg Mason GAM ETF 1L (A) Nasdaq Overall Global Overall Large Cap Dividend 0.59% 0.0 2.5 3

First Trust Heitman Global Prime Real Estate ETF PRME US PRME.K First Trust ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 0.95% 0.0 - 1

First Trust RiverFront Dynamic Developed International ETF RFDI US RFDI.O First Trust ETF 1L (A) Nasdaq DM Global ex US Overall Broad Blend 0.83% 2.8 98.2 215

AdvisorShares Dorsey Wright ADR ETF AADR US AADR.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global ex US Overall Broad Growth 1.25% 1.0 27.4 65

ValueShares International Quantitative Value ETF IVAL US IVAL.Z Empowered Funds ETF 1L (A) BATS Overall Global ex US Overall Broad Value 0.99% 0.3 6.0 58

MomentumShares International Quantitative Momentum ETF IMOM US IMOM.Z Empowered Funds ETF 1L (A) BATS DM Global ex US Overall Broad Blend 0.79% 0.2 2.6 36

First Trust Horizon Managed Volatility Developed International

ETF

HDMV US HDMV.K First Trust ETF 1L (A) NYSE Arca DM Global ex US Overall Broad Blend 0.80% 0.1 (0.0) 29

Natixis Seeyond International Minimum Volatility ETF MVIN US MVIN.K Natixis GAM ETF 1L (A) NYSE Arca Overall Global ex US Overall Broad Blend 0.55% 0.0 - 15


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$MM

AUM

$MM

AdvisorShares Madrona International ETF FWDI US FWDI.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global ex US Overall Large Cap Blend 1.20% 0.0 (1.3) 11

Franklin Liberty International Opportunities ETF FLIO US FLIO.K Franklin Templeton Investments ETF 1L (A) NYSE Arca Overall Global ex US Overall Broad Blend 0.64% 0.0 - 5

First Trust North American Energy Infrastructure Fund EMLP US EMLP.K First Trust ETF 1L (A) NYSE Arca DM North America Overall Broad Blend 0.95% 7.2 67.9 1,660

First Trust RiverFront Dynamic Asia Pacific ETF RFAP US RFAP.O First Trust ETF 1L (A) Nasdaq Overall Pacific Overall Broad Blend 0.83% 0.2 5.7 20

AdvisorShares KIM Korea Equity ETF KOR US KOR AdvisorShares Trust ETF 1L (A) NYSE Arca EM Asia South Korea Broad Blend 0.99% 0.0 - 10

AdvisorShares Ranger Equity Bear ETF HDGE US HDGE.K AdvisorShares Trust ETF 1S (A) NYSE Arca DM North America US Broad Blend 1.69% 2.0 6.2 175

AdvisorShares Wilshire Buyback ETF TTFS US TTFS.K AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US Mid Cap Blend 0.99% 0.6 (14.5) 142

Cambria Shareholder Yield ETF SYLD US SYLD.K Cambria Funds ETF 1L (A) NYSE Arca DM North America US Broad Dividend 0.59% 0.5 (16.8) 123

Cambria Core Equity ETF CCOR US CCOR.K Cambria Funds ETF 1L (A) NYSE Arca DM North America US Large Cap Blend 1.05% 1.7 102.9 103

ValueShares US Quantitative Value ETF QVAL US QVAL.Z Empowered Funds ETF 1L (A) BATS DM North America US Broad Value 0.79% 0.3 2.5 66

First Trust Horizon Managed Volatility Domestic ETF HUSV US HUSV.K First Trust ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.70% 0.1 (0.1) 61

Tuttle Tactical Management US Core ETF TUTT US TUTT.O Virtus Investment ETF 1L (A) Nasdaq DM North America US Broad Blend 0.90% 0.4 (3.3) 58

Reality Shares DIVS ETF DIVY US DIVY.K Reality Shares ETF 1L (A) NYSE Arca DM North America US Large Cap Blend 0.85% 0.4 2.6 53

First Trust High Income ETF FTHI US FTHI.O First Trust ETF 1L (A) Nasdaq DM North America US Large Cap Dividend 0.85% 0.2 1.1 48

Davis Select US Equity ETF DUSA US DUSA.O Davis Advisors ETF 1L (A) Nasdaq DM North America US Broad Blend 0.60% 0.2 12.2 44

Innovator IBD 50 ETF FFTY US FFTY.K Innovator Management ETF 1L (A) NYSE Arca DM North America US Broad Growth 0.80% 0.4 2.9 43

RiverFront Dynamic US Dividend Advantage ETF RFDA US RFDA.K ALPS ETF 1L (A) NYSE Arca DM North America US Broad Dividend 0.52% 0.3 5.7 38

Amplify YieldShares CWP Dividend & Option Income ETF DIVO US DIVO.Z Amplify Investments ETF 1L (A) BATS DM North America US Large Cap Blend 0.95% 0.1 - 35

MomentumShares US Quantitative Momentum ETF QMOM US QMOM.Z Empowered Funds ETF 1L (A) BATS DM North America US Broad Blend 0.79% 0.1 (0.0) 34

Formula Folios Hedged Growth ETF FFHG US FFHG.Z FormulaFolio Investment ETF 1L (A) BATS DM North America US Broad Blend 0.95% 0.5 31.4 31

RiverFront Dynamic US Flex-Cap ETF RFFC US RFFC.K ALPS ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.52% 0.2 7.3 29

PowerShares Active U.S. Real Estate Fund PSR US PSR PowerShares ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.80% 0.1 - 28

AdvisorShares Madrona Domestic ETF FWDD US FWDD.K AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US Large Cap Blend 1.12% 0.0 - 27

Alphamark Actively Managed Small Cap ETF SMCP US SMCP.O AlphaMark Advisors ETF 1L (A) Nasdaq DM North America US Small Cap Growth 0.90% 0.0 - 27

TrimTabs Float Shrink ETF TTAC US TTAC.Z TrimTabs ETF 1L (A) BATS DM North America US Broad Blend 0.59% 0.3 13.2 26

US Market Rotation Strategy ETF HUSE US HUSE.K Huntington Strategy Shares ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.95% 0.2 7.7 22

Reaves Utilities ETF UTES US UTES.O Virtus Investment ETF 1L (A) Nasdaq DM North America US Broad Blend 0.95% 0.0 - 15

AdvisorShares Focused Equity ETF CWS US CWS AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.75% 0.1 0.7 12

Cambria Value and Momentum ETF VAMO US VAMO.K Cambria Funds ETF 1L (A) NYSE Arca DM North America US Broad Value 0.59% 0.0 - 8

EcoLogical Strategy ETF HECO US HECO.K Huntington Strategy Shares ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 8

First Trust Low Beta Income ETF FTLB US FTLB.O First Trust ETF 1L (A) Nasdaq DM North America US Large Cap Dividend 0.85% 0.1 1.1 6

Cambria Tail Risk ETF TAIL US TAIL.Z Cambria Funds ETF 1L (A) BATS DM North America US Large Cap Value 0.59% 0.1 6.2 6

Franklin Liberty US Low Volatility ETF FLLV US FLLV.K Franklin Templeton Investments ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.50% 0.0 - 6

AdvisorShares Cornerstone Small Cap ETF SCAP US SCAP.K AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US Small Cap Blend 0.90% 0.0 0.8 4

Active Alts Contrarian ETF SQZZ US SQZZ.O Huntington Strategy Shares ETF 1L (A) Nasdaq DM North America US Broad Blend 1.95% 0.0 (1.9) 1

Thematic

Sustainability

Guggenheim S&P Global Water Index ETF CGW US CGW Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.70% 1.9 48.9 570

Guggenheim Solar ETF TAN US TAN Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.70% 3.4 50.2 286


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Flows

$MM

AUM

$MM

PowerShares Global Water Portfolio PIO US PIO PowerShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 0.3 (3.6) 189

PowerShares Cleantech Portfolio PZD US PZD PowerShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.67% 0.3 11.4 107

iShares Global Clean Energy ETF ICLN US ICLN.O BlackRock ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.47% 0.4 8.5 89

First Trust ISE Global Wind Energy Index Fund FAN US FAN First Trust ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.60% 0.5 4.6 84

VanEck Vectors Global Alternative Energy ETF GEX US GEX VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.62% 0.3 5.8 79

iShares MSCI EM ESG Optimized ETF ESGE US ESGE.O BlackRock ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.45% 0.7 3.2 58

PowerShares Global Clean Energy Portfolio PBD US PBD PowerShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 0.1 - 55

VanEck Vectors Uranium+Nuclear Energy ETF NLR US NLR VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.60% 0.0 (2.5) 31

Oppenheimer Global ESG Revenue ETF ESGF US ESGF.K OppenheimerFunds ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.45% 0.0 (0.0) 20

NuShares ESG Emerging Markets Equity ETF NUEM US NUEM.Z Nuveen ETF 1L (P) BATS EM Global Overall Broad Blend 0.45% 0.2 10.0 10

FlexShares STOXX Global ESG Impact Index Fund ESGG US ESGG.O FlexShares ETF 1L (P) Nasdaq Overall Global Overall Large Cap Blend 0.42% 0.1 - 9

The WEAR ETF WEAR US WEAR.Z Exchange Traded Concepts ETF 1L (P) BATS Overall Global Overall Broad Blend 0.85% 0.1 0.0 2

iShares MSCI EAFE ESG Optimized ETF ESGD US ESGD.O BlackRock ETF 1L (P) Nasdaq DM Global ex US Overall Broad Blend 0.40% 0.6 (6.3) 118

NuShares ESG International Developed Markets Equity ETF NUDM US NUDM.Z Nuveen ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.40% 0.2 9.9 10

Tortoise Water Fund TBLU US TBLU.Z Tortoise Capital ETF 1L (P) BATS DM North America Overall Broad Blend 0.40% 0.0 - 3

iShares MSCI KLD 400 Social ETF DSI US DSI BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 2.5 57.4 875

PowerShares Water Resources Portfolio PHO US PHO PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.62% 1.1 (4.1) 803

iShares MSCI USA ESG Select ETF KLD US KLD BlackRock ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 1.9 35.5 577

First Trust ISE Water Index Fund FIW US FIW First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 0.7 10.4 242

PowerShares WilderHill Clean Energy Portfolio PBW US PBW PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 0.6 4.1 102

First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN US QCLN.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.60% 0.3 5.3 66

PowerShares WilderHill Progressive Energy Portfolio PUW US PUW PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.70% 0.1 - 24

Oppenheimer ESG Revenue ETF ESGL US ESGL.K OppenheimerFunds ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.40% 0.0 (0.0) 23

VanEck Vectors Environmental Services ETF EVX US EVX VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.55% 0.0 0.0 20

NuShares ESG Small-Cap ETF NUSC US NUSC.Z Nuveen ETF 1L (P) BATS DM North America US Small Cap Blend 0.40% 0.1 5.2 17

NuShares ESG Large-Cap Value ETF NULV US NULV.Z Nuveen ETF 1L (P) BATS DM North America US Large Cap Value 0.35% 0.1 5.3 12

VanEck Vectors Solar Energy ETF KWT US KWT VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.0 - 12

FlexShares STOXX US ESG Impact Index Fund ESG US ESG.O FlexShares ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.32% 0.1 - 8

NuShares ESG Large-Cap Growth ETF NULG US NULG.Z Nuveen ETF 1L (P) BATS DM North America US Large Cap Growth 0.35% 0.0 - 7

NuShares ESG Mid-Cap Growth ETF NUMG US NUMG.Z Nuveen ETF 1L (P) BATS DM North America US Mid Cap Growth 0.40% 0.0 - 7

NuShares ESG Mid-Cap Value ETF NUMV US NUMV.Z Nuveen ETF 1L (P) BATS DM North America US Mid Cap Value 0.40% 0.0 - 6

iShares MSCI USA ESG Optimized ETF ESGU US ESGU.O BlackRock ETF 1L (P) Nasdaq DM North America US Broad Blend 0.28% 0.0 - 5

SerenityShares Impact ETF ICAN US ICAN.K SerenityShares Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 0.1 2.5 3

Other Theme

WisdomTree China ex-State-Owned Enterprises Fund CXSE US CXSE.O WisdomTree ETF 1L (P) Nasdaq EM Asia China Broad Blend 0.32% 0.1 1.6 11

Columbia India Consumer ETF INCO US INCO.K Columbia Management ETF 1L (P) NYSE Arca EM Asia India Broad Blend 0.89% 0.8 22.0 119

Columbia India Infrastructure ETF INXX US INXX.K Columbia Management ETF 1L (P) NYSE Arca EM Asia India Broad Blend 0.85% 0.5 6.8 49

WisdomTree Europe Domestic Economic Fund EDOM US EDOM.Z WisdomTree ETF 1L (P) BATS DM Eurozone Overall Broad Blend 0.48% 0.0 (0.0) 3

FlexShares Morningstar Global Upstream Natural Resources

Index Fund

GUNR US GUNR.K FlexShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.48% 22.3 15.6 4,133


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iShares Global Infrastructure ETF IGF US IGF BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 9.0 54.3 1,674

PureFunds ISE Cyber Security ETF HACK US HACK.K ETFMG ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 12.2 153.2 1,138

iShares Exponential Technologies ETF XT US XT BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 3.5 28.4 1,073

SPDR S&P Global Natural Resources ETF GNR US GNR State Street ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.40% 5.0 110.5 1,054

FlexShares STOXX Global Broad Infrastructure Index Fund NFRA US NFRA.K FlexShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.47% 2.6 94.6 928

ROBO Global Robotics and Automation Index ETF ROBO US ROBO.O Exchange Traded Concepts ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.85% 8.8 298.7 749

iShares MSCI ACWI Low Carbon Target ETF CRBN US CRBN.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.20% 1.0 42.7 418

First Trust NASDAQ CEA Cybersecurity ETF CIBR US CIBR.O First Trust ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.60% 2.0 55.4 263

iShares Global Timber & Forestry ETF WOOD US WOOD.O BlackRock ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.47% 0.9 10.6 260

Guggenheim MSCI Global Timber ETF CUT US CUT Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.70% 0.5 (1.3) 197

Global X Robotics & Artificial Intelligence Thematic ETF BOTZ US BOTZ.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 3.1 122.5 176

SPDR S&P Global Infrastructure ETF GII US GII State Street ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.40% 1.1 30.0 161

Emerging Markets Internet and Ecommerce ETF EMQQ US EMQQ.K Exchange Traded Concepts ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.75% 3.3 110.4 152

SPDR MSCI ACWI Low Carbon Target ETF LOWC US LOWC.K State Street ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.30% 0.1 - 140

PureFunds ISE Mobile Payments ETF IPAY US IPAY.K ETFMG ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 1.0 33.2 128

U.S. Global Jets ETF JETS US JETS.K U.S. Global Investors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.60% 1.7 39.1 115

Guggenheim Shipping ETF SEA US SEA Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.65% 0.9 (9.5) 107

Amplify Online Retail ETF IBUY US IBUY.O Amplify Investments ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.65% 1.6 48.5 63

ARK Innovation ETF ARKK US ARKK.K ARK Investment Management ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 0.95% 1.4 39.4 62

Global X Internet of Things Thematic ETF SNSR US SNSR.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 0.6 11.7 50

iShares Emerging Markets Infrastructure ETF EMIF US EMIF.O BlackRock ETF 1L (P) Nasdaq EM Global Overall Broad Blend 0.75% 0.1 - 48

ProShares DJ Brookfield Global Infracstructure ETF TOLZ US TOLZ.K ProShares ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.45% 0.4 (4.3) 37

VanEck Vectors Gaming ETF BJK US BJK VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.65% 0.5 14.1 37

Guggenheim S&P High Income Infrastructure ETF GHII US GHII.K Guggenheim Investments ETF 1L (P) NYSE Arca DM Global Overall Broad Dividend 0.45% 0.2 2.8 35

The 3D Printing ETF PRNT US PRNT.Z ARK Investment Management ETF 1L (P) BATS DM Global Overall Broad Blend 0.66% 0.4 12.5 30

PureFunds Video Game Tech ETF GAMR US GAMR.K ETFMG ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.75% 0.7 18.3 29

iShares MSCI Global Impact ETF MPCT US MPCT.O BlackRock ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.49% 0.1 (0.0) 22

ARK Genomic Revolution Multi-Sector ETF ARKG US ARKG.K ARK Investment Management ETF 1L (A) NYSE Arca Overall Global Overall Broad Blend 0.95% 0.3 8.5 20

PowerShares Emerging Markets Infrastructure Portfolio PXR US PXR PowerShares ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.75% 0.1 - 19

PureFunds Drone Economy Strategy ETF IFLY US IFLY.K ETFMG ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.75% 0.2 4.7 17

First Trust ISE Global Engineering and Construction Index Fund FLM US FLM First Trust ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.70% 0.0 - 16

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF EEMX US EEMX.K State Street ETF 1L (P) NYSE Arca EM Global Overall Broad Blend 0.30% 0.1 9.2 15

Global X Yieldco Index ETF YLCO US YLCO.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.65% 0.2 4.6 13

The Long-Term Care ETF OLD US OLD.O Janus Henderson ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.50% 0.1 5.3 11

First Trust Indxx Global Natural Resources Income ETF FTRI US FTRI.O First Trust ETF 1L (P) Nasdaq Overall Global Overall Broad Dividend 0.70% 0.0 - 9

Global X FinTech Thematic ETF FINX US FINX.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 0.2 7.2 9

The Organics ETF ORG US ORG.O Janus Henderson ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.50% 0.1 5.6 9

Principal Millennials Index ETF GENY US GENY.O Principal Financial Group ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.45% 0.0 (0.0) 7

Summit Water Infrastructure Multifactor ETF WTRX US WTRX.K ALPS ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.80% 0.0 1.4 6


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ADV

$MM

Net

Flows

$MM

AUM

$MM

Legg Mason Global Infrastructure ETF INFR US INFR.O Legg Mason GAM ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.53% 0.0 - 6

VanEck Vectors Global Spin-Off ETF SPUN US SPUN.K VanEck Vectors ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.55% 0.0 - 6

Global X Longevity Thematic ETF LNGR US LNGR.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 0.0 3.6 6

WisdomTree Strong Dollar Emerging Markets Equity Fund EMSD US EMSD.Z WisdomTree ETF 1L (P) BATS EM Global Overall Broad Blend 0.58% 0.0 - 6

PureFunds ISE Big Data ETF BIGD US BIGD.K ETFMG ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 0.1 1.3 4

VanEck Vectors Generic Drugs ETF GNRX US GNRX.O VanEck Vectors ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.55% 0.0 (1.1) 3

Stock Split Index Fund TOFR US TOFR.K United States Commodity Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.55% 0.0 (0.8) 3

PureFunds ETFx HealthTech ETF IMED US IMED.O ETFMG ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.75% 0.0 1.5 3

PureFunds Solactive FinTech ETF FINQ US FINQ.O ETFMG ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 0.0 1.4 3

Spirited Funds/ETFMG Whiskey & Spirits ETF WSKY US WSKY.K ETFMG ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 0.0 (0.0) 3

The Obesity ETF SLIM US SLIM.O Janus Henderson ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.50% 0.0 - 3

The Health and Fitness ETF FITS US FITS.O Janus Henderson ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.50% 0.0 - 3

Global X Health & Wellness Thematic ETF BFIT US BFIT.O Global X Funds ETF 1L (P) Nasdaq DM Global Overall Broad Blend 0.68% 0.0 0.8 2

PowerShares International BuyBack Achievers Portfolio IPKW US IPKW.O PowerShares ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.55% 1.2 31.9 155

VanEck Vectors Morningstar International Moat ETF MOTI US MOTI.K VanEck Vectors ETF 1L (P) NYSE Arca Overall Global ex US Overall Large Cap Blend 0.56% 0.4 13.2 56

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF EFAX US EFAX.K State Street ETF 1L (P) NYSE Arca DM Global ex US Overall Broad Blend 0.20% 0.0 - 34

First Trust International IPO Fund FPXI US FPXI.O First Trust ETF 1L (P) Nasdaq Overall Global ex US Overall Broad Blend 0.70% 0.2 8.0 9

Pacer Developed Markets International Cash Cows 100 ETF ICOW US ICOW.Z Pacer Advisors ETF 1L (P) BATS DM Global ex US Overall Broad Blend 0.65% 0.0 2.5 3

TrimTabs All Cap International Free Cash-Flow ETF TTAI US TTAI.Z TrimTabs ETF 1L (A) BATS DM Global ex US Overall Broad Blend 0.59% 0.1 2.5 2

Renaissance International IPO ETF IPOS US IPOS.K Renaissance Capital ETF 1L (P) NYSE Arca Overall Global ex US Overall Broad Blend 0.80% 0.0 - 2

Global X Guru International Index ETF GURI US GURI.K Global X Funds ETF 1L (P) NYSE Arca Overall Global ex US Overall Large Cap Blend 0.75% 0.0 - 1

SPDR S&P North American Natural Resources ETF NANR US NANR.K State Street ETF 1L (P) NYSE Arca DM North America Overall Broad Blend 0.35% 1.8 84.4 910

Alerian Energy Infrastructure ETF ENFR US ENFR.K ALPS ETF 1L (P) NYSE Arca DM North America Overall Broad Blend 0.65% 0.3 2.2 35

PowerShares Buyback Achievers Portfolio PKW US PKW PowerShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.71% 3.6 (86.8) 1,330

VanEck Vectors Morningstar Wide Moat ETF MOAT US MOAT.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.49% 4.6 117.7 1,216

First Trust US IPO Index Fund FPX US FPX First Trust ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 5.2 115.7 841

SPDR SSGA Gender Diversity Index ETF SHE US SHE State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.20% 0.5 23.1 321

Guggenheim S&P Spin-Off ETF CSD US CSD Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.5 (11.8) 195

Guggenheim Raymond James SB-1 Equity ETF RYJ US RYJ Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.83% 0.3 (1.9) 194

First Trust RBA American Industrial Renaissance ETF AIRR US AIRR.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.70% 1.1 (25.2) 181

Guggenheim Defensive Equity ETF DEF US DEF Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.4 0.0 174

SPDR S&P 500 Fossil Fuel Reserves Free ETF SPYX US SPYX.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.25% 0.4 14.5 153

ALPS Medical Breakthroughs ETF SBIO US SBIO.K ALPS ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.50% 1.0 4.0 114

Global X S&P 500 Catholic Values ETF CATH US CATH.O Global X Funds ETF 1L (P) Nasdaq DM North America US Broad Blend 0.29% 0.4 8.8 101

Guggenheim Insider Sentiment ETF NFO US NFO Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.2 (2.8) 70

ARK Industrial Innovation ETF ARKQ US ARKQ.K ARK Investment Management ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.95% 1.1 29.0 58

ARK Web x.0 ETF ARKW US ARKW.K ARK Investment Management ETF 1L (A) NYSE Arca DM North America US Broad Blend 0.95% 1.5 29.4 56

Global X Guru Index ETF GURU US GURU.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.75% 0.2 (4.0) 55

ProShares UltraPro NASDAQ Biotechnology UBIO US UBIO.O ProShares ETF 3L (P) Nasdaq DM North America US Broad Blend 0.95% 2.4 (3.2) 40


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TickerRIC Issuer

Structure &

StrategyExchange


ADV

$MM

Net

Flows

$MM

AUM

$MM

BioShares Biotechnology Products Fund BBP US BBP.O Virtus Investment ETF 1L (P) Nasdaq DM North America US Broad Blend 0.85% 0.3 0.0 40

Global X Conscious Companies ETF KRMA US KRMA.O Global X Funds ETF 1L (P) Nasdaq DM North America US Broad Blend 0.43% 0.1 0.9 38

Loncar Cancer Immunotherapy ETF CNCR US CNCR.O Exchange Traded Concepts ETF 1L (P) Nasdaq DM North America US Broad Blend 0.75% 0.4 9.2 37

Wilshire Micro-Cap ETF WMCR US WMCR.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.53% 0.1 - 28

American Customer Satisfaction Core Alpha ETF ACSI US ACSI.Z ACSI Funds ETF 1L (P) BATS DM North America US Large Cap Blend 0.65% 0.1 8.6 26

BioShares Biotechnology Clinical Trials Fund BBC US BBC.O Virtus Investment ETF 1L (P) Nasdaq DM North America US Broad Blend 0.85% 0.2 (1.1) 24

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index

Fund

GRID US GRID.O First Trust ETF 1L (P) Nasdaq DM North America US Broad Blend 0.70% 0.2 (2.0) 22

Etho Climate Leadership US ETF ETHO US ETHO.K ETFMG ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.75% 0.1 4.4 17

Alps Workplace Portfolio Fund EQLT US EQLT.K ALPS ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.75% 0.0 1.6 15

Direxion iBillionaire Index ETF IBLN US IBLN.K DirexionShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.1 - 14

Renaissance IPO ETF IPO US IPO Renaissance Capital ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.60% 0.1 (1.2) 14

Pacer US Cash Cows 100 ETF COWZ US COWZ.Z Pacer Advisors ETF 1L (P) BATS DM North America US Large Cap Blend 0.49% 0.2 1.3 12

Global X U.S. Infrastructure Development ETF PAVE US PAVE.Z Global X Funds ETF 1L (P) BATS DM North America US Broad Blend 0.47% 0.2 8.0 12

Nashville Area ETF NASH US NASH.K LocalShares ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.49% 0.0 - 9

Buzz US Sentiment Leaders ETF BUZ US BUZ ALPS ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.75% 0.1 4.0 8

SPDR S&P 500 Buyback ETF SPYB US SPYB.K State Street ETF 1L (P) NYSE Arca DM North America US Large Cap Blend 0.35% 0.0 - 8

Principal Healthcare Innovators Index ETF BTEC US BTEC.O Principal Financial Group ETF 1L (P) Nasdaq DM North America US Broad Blend 0.42% 0.0 (0.0) 7

SPDR FactSet Innovative Technology ETF XITK US XITK.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.45% 0.3 - 7

ProShares UltraPro Short NASDAQ Biotechnology ZBIO US ZBIO.O ProShares ETF 3S (P) Nasdaq DM North America US Broad Blend 0.95% 0.3 1.2 7

Global X Millennials Thematic ETF MILN US MILN.O Global X Funds ETF 1L (P) Nasdaq DM North America US Broad Blend 0.68% 0.1 1.8 6

SPDR S&P Technology Hardware Etf XTH US XTH State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.0 - 4

SPDR S&P Internet ETF XWEB US XWEB.K State Street ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.35% 0.0 - 3

Pacer US Small Cap Cash Cows 100 ETF CALF US CALF.Z Pacer Advisors ETF 1L (P) BATS DM North America US Small Cap Blend 0.59% 0.0 2.5 3

Global X Founder-Run Companies ETF BOSS US BOSS.Z Global X Funds ETF 1L (P) BATS DM North America US Broad Blend 0.65% 0.0 (0.0) 2

WisdomTree U.S. Domectic Economy Fund WUSA US WUSA.K WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.33% 0.0 - 2

USCF Restaurant Leaders Fund MENU US MENU.K United States Commodity Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.0 - 2

ETF Industry Exposure & Financial Services ETF TETF US TETF.K Exchange Traded Concepts ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.64% 0.1 1.5 2

Brand Value ETF BVAL US BVAL.K ACSI Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.65% 0.0 1.5 2

Global X Guru Activist Index ETF ACTX US ACTX.O Global X Funds ETF 1L (P) Nasdaq DM North America US Large Cap Blend 0.75% 0.0 - 2

WisdomTree U.S. Export and Multinational Fund WEXP US WEXP.K WisdomTree ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.33% 0.0 (0.7) 1

Commodities

VanEck Vectors Gold Miners ETF GDX US GDX VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.52% 1,230.4 (3,164.8) 8,165

VanEck Vectors Junior Gold Miners ETF GDXJ US GDXJ.K VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.54% 596.1 (934.6) 3,930

VanEck Vectors Agribusiness ETF MOO US MOO VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.53% 2.8 (43.8) 796

Global X Silver Miners ETF SIL US SIL Global X Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.65% 4.1 19.8 355

iShares MSCI Global Gold Miners ETF RING US RING.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.39% 10.5 222.3 354

Global X Uranium ETF URA US URA Global X Funds ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.69% 5.4 (21.2) 251

iShares MSCI Global Metals & Mining Producers ETF PICK US PICK.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.39% 3.1 (77.3) 230

Global X Lithium & Battery Tech ETF LIT US LIT Global X Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.75% 2.6 59.3 226


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TickerIssuer

Structure &

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ADV

$MM

Net

Flows

$MM

AUM

$MM

Sprott Gold Miners ETF SGDM US SGDM.K ALPS ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.57% 1.0 (21.1) 170

Sprott Junior Gold Miners ETF SGDJ US SGDJ.K ALPS ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.57% 3.1 98.9 155

VanEck Vectors Steel ETF SLX US SLX VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.55% 3.1 (33.4) 144

VanEck Vectors Hard Assets Producers ETF HAP US HAP VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.49% 1.0 6.7 100

iShares MSCI Global Silver Miners ETF SLVP US SLVP.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.39% 0.8 (1.2) 62

PureFunds ISE Junior Silver ETF SILJ US SILJ.K ETFMG ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.69% 0.8 (6.8) 56

VanEck Vectors Rare Earth/Strategic Metals ETF REMX US REMX.K VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.57% 0.9 (6.8) 54

Global X Gold Explorers ETF GOEX US GOEX.K Global X Funds ETF 1L (P) NYSE Arca DM Global Overall Broad Blend 0.65% 0.3 2.2 45

PowerShares Global Gold and Precious Metals Portfolio PSAU US PSAU.O PowerShares ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.75% 0.3 1.0 37

Global X Copper Miners ETF COPX US COPX.K Global X Funds ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.65% 0.7 (10.1) 34

iShares MSCI Global Energy Producers ETF FILL US FILL.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.39% 0.1 - 33

iShares MSCI Global Agriculture Producers ETF VEGI US VEGI.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.39% 0.1 - 28

PowerShares Global Agriculture Portfolio PAGG US PAGG.O PowerShares ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.75% 0.0 - 22

Global X Fertilizers/Potash ETF SOIL US SOIL.K Global X Funds ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.69% 0.1 (0.5) 14

IQ Global Agribusiness Small Cap ETF CROP US CROP.K IndexIQ Advisors ETF 1L (P) NYSE Arca Overall Global Overall Small Cap Blend 0.75% 0.1 (1.6) 14

ProShares Ultra Gold Miners GDXX US GDXX.K ProShares ETF 2L (P) NYSE Arca Overall Global Overall Broad Blend 1.11% 0.6 (0.3) 12

First Trust Indxx Global Agriculture ETF FTAG US FTAG.O First Trust ETF 1L (P) Nasdaq Overall Global Overall Broad Blend 0.70% 0.0 - 7

ProShares Ultra Junior Miners GDJJ US GDJJ.K ProShares ETF 2L (P) NYSE Arca Overall Global Overall Small Cap Blend 1.12% 0.5 (0.2) 5

VanEck Vectors Oil Refiners ETF CRAK US CRAK.K VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall Large Cap Blend 0.59% 0.0 1.1 5

Direxion Daily Silver Miners Index Bull 2X Shares SHNY US SHNY.K DirexionShares ETF 2L (P) NYSE Arca Overall Global Overall Broad Blend 0.82% 0.1 0.5 4

ProShares Ultrashort Gold Miners GDXS US GDXS.K ProShares ETF 2S (P) NYSE Arca Overall Global Overall Broad Blend 0.95% 0.5 (0.8) 3

Direxion Daily Gold Miners Index Bear 1X Shares MELT US MELT.K DirexionShares ETF 1S (P) NYSE Arca Overall Global Overall Broad Blend 0.45% 0.0 - 3

U.S. Global GO Gold & Precious Metal Miners ETF GOAU US GOAU.K U.S. Global Investors ETF 1L (P) NYSE Arca Overall Global Overall Broad Blend 0.60% 0.0 2.4 2

Direxion Daily Silver Miners Index Bear 2X Shares DULL US DULL.K DirexionShares ETF 2S (P) NYSE Arca Overall Global Overall Broad Blend 0.82% 0.0 - 1

Tortoise North American Pipeline Fund TPYP US TPYP.K Tortoise Capital ETF 1L (P) NYSE Arca DM North America Overall Broad Blend 0.70% 0.3 4.7 75

Alerian MLP ETF AMLP US AMLP.K ALPS ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.85% 109.8 19.0 10,177

Global X MLP ETF MLPA US MLPA.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.45% 5.4 121.0 604

InfraCap MLP ETF AMZA US AMZA.K Virtus Investment ETF 1L (A) NYSE Arca DM North America US Broad Blend 1.05% 8.1 153.1 463

Global X MLP & Energy Infrastructure ETF MLPX US MLPX.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.45% 1.8 40.1 288

VanEck Vectors Coal ETF KOL US KOL VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.59% 1.9 (30.1) 81

Direxion Zacks MLP High Income Index Shares ZMLP US ZMLP.K DirexionShares ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.65% 0.5 3.0 76

VanEck Vectors High Income MLP ETF YMLP US YMLP.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Dividend 0.85% 0.3 (6.2) 75

VanEck Vectors Unconventional Oil & Gas ETF FRAK US FRAK.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Blend 0.54% 0.5 7.1 54

VanEck Vectors High Income Infrastructure MLP ETF YMLI US YMLI.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US Broad Dividend 1.52% 0.2 (4.4) 33

Global X Junior MLP ETF MLPJ US MLPJ.K Global X Funds ETF 1L (P) NYSE Arca DM North America US Small Cap Blend 0.75% 0.0 - 8

Amplify Yieldshares Oil Hedged MLP Income ETF AMLX US AMLX.Z Amplify Investments ETF 1L (P) BATS DM North America US Broad Blend 0.85% 0.0 2.2 2

ProShares Ultra Oil & Gas Exploration & Production UOP US UOP ProShares ETF 2L (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 1

ProShares UltraShort Oil & Gas Exploration & Production SOP US SOP ProShares ETF 2S (P) NYSE Arca DM North America US Broad Blend 0.95% 0.0 - 1


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FIXED INCOME ETPs

ETP NameBBG

TickerIssuer

Structure &

StrategyExchange

EM / Sub Region Country Tenor

Credit

Rating

Inflation

LinkedTER

ADV

$MM

Net

Flows

$MM

AUM

$MM

Overall

PowerShares Chinese Yuan Dim Sum Bond Portfolio DSUM US DSUM.K PowerShares ETF 1L (P) NYSE Arca EM Asia China B M N 0.45% 0.7 24.6 63

Kraneshares E Fund China Commercial Paper ETF KCNY US KCNT.K KraneShares ETF 1L (P) NYSE Arca EM Asia China S IG N 0.56% 0.0 - 10

VanEck Vectors ChinaAMC China Bond ETF CBON US CBON.K VanEck Vectors ETF 1L (P) NYSE Arca EM Asia China B M N 0.50% 0.0 (2.2) 5

SPDR Doubleline Total Return Tactical ETF TOTL US TOTL.K State Street ETF 1L (A) NYSE Arca Overall Global Overall B M N 0.55% 15.3 152.1 3,354

PIMCO Active Bond ETF BOND US BOND.K PIMCO ETF 1L (A) NYSE Arca Overall Global Overall B IG N 0.55% 9.0 16.1 2,034

RiverFront Strategic Income Fund RIGS US RIGS.K ALPS ETF 1L (A) NYSE Arca Overall Global Overall B HY 0 0.22% 0.9 15.2 310

AdvisorShares Newfleet Multi-Sector Income ETF MINC US MINC.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global Overall S IG N 0.75% 1.1 (2.4) 258

PowerShares Global Short Term High Yield Bond Portfolio PGHY US PFHY.K PowerShares ETF 1L (P) NYSE Arca Overall Global Overall S HY N 0.35% 1.9 50.1 196

Virtus Newfleet Multi-Sector Unconstrained Bond ETF NFLT US NFLT.K Virtus Investment ETF 1L (A) NYSE Arca Overall Global Overall B M N 0.80% 0.8 (7.7) 185

FlexShares Ready Access Variable Income Fund RAVI US RAVI.K FlexShares ETF 1L (A) NYSE Arca Overall Global Overall MM IG N 0.25% 0.8 (3.8) 162

Virtus Newfleet Dynamic Credit ETF BLHY US BLHY.K Virtus Investment ETF 1L (A) NYSE Arca Overall Global Overall B HY N 0.68% 0.5 (10.1) 123

JPMorgan Global Bond Opportunities ETF JPGB US JPGB.Z JPMorgan ETF 1L (A) BATS Overall Global Overall B M N 0.55% 1.6 101.0 101

Formula Folios Income ETF FFTI US FFTI.Z FormulaFolio Investment ETF 1L (A) BATS Overall Global Overall B M N 0.80% 1.5 91.3 91

SPDR Dorsey Wright Fixed Income Allocation ETF DWFI US DWFI.O State Street ETF 1L (P) Nasdaq Overall Global Overall B M N 0.60% 0.5 18.4 57

First Trust SSI Strategic Convertible Securities ETF FCVT US FCVT.O First Trust ETF 1L (A) Nasdaq Overall Global Overall B M N 0.95% 0.7 20.6 51

First Trust TCW Opportunistic Fixed Income ETF FIXD US FIXD.O First Trust ETF 1L (A) Nasdaq Overall Global Overall B M N 0.55% 0.8 - 51

RiverFront Dynamic Core Income ETF RFCI US RFCI.K ALPS ETF 1L (A) NYSE Arca Overall Global Overall B M N 0.51% 0.2 7.4 33

iShares Core 5-10 Year USD Bond ETF IMTB US IMTB.K BlackRock ETF 1L (P) NYSE Arca Overall Global Overall B M N 0.08% 0.5 - 30

SPDR DoubleLine Emerging Markets Fixed Income ETF EMTL US EMTL.Z State Street ETF 1L (A) BATS EM Global Overall B M N 0.65% 0.2 - 28

AdvisorShares Madrona Global Bond ETF FWDB US FWDB.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global Overall B IG N 0.95% 0.0 (0.6) 17

RiverFront Dynamic Unconstrained Income ETF RFUN US RFUN.K ALPS ETF 1L (A) NYSE Arca Overall Global Overall B M N 0.51% 0.1 1.3 9

VanEck Vectors Green Bond ETF GRNB US GRNB.K VanEck Vectors ETF 1L (P) NYSE Arca Overall Global Overall B M N 0.40% 0.1 2.6 8

WisdomTree Western Asset Unconstrained Bond Fund UBND US UBND.O WisdomTree ETF 1L (A) Nasdaq Overall Global Overall B M N 0.55% 0.0 - 5

Vanguard Total International Bond ETF BNDX US BNDX.O Vanguard ETF 1L (P) Nasdaq Overall Global ex US Overall M IG N 0.12% 36.1 946.2 7,637

iShares Core International Aggregate Bond ETF IAGG US IAGG.Z BlackRock ETF 1L (P) BATS DM Global ex US Overall B IG N 0.11% 1.5 142.5 395

Janus Henderson Short Duration Income ETF VNLA US VNLA.K Janus Henderson ETF 1L (A) NYSE Arca DM Global ex US Overall S IG N 0.35% 1.3 35.1 75

VanEck Vectors Emerging Markets Aggregate Bond ETF EMAG US EMAG.K VanEck Vectors ETF 1L (P) NYSE Arca EM Latin America Overall B M N 0.49% 0.0 - 15

iShares Core U.S. Aggregate Bond ETF AGG US AGG BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.05% 247.9 3,730.2 47,517


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Vanguard Total Bond Market ETF BND US BND Vanguard ETF 1L (P) NYSE Arca DM North America US B IG N 0.05% 144.3 1,207.8 34,553

PIMCO Enhanced Short Maturity Exchange-Traded Fund MINT US MINT.K PIMCO ETF 1L (A) NYSE Arca DM North America US S M N 0.35% 56.1 739.7 7,168

Schwab U.S. Aggregate Bond ETF SCHZ US SCHZ.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US B M N 0.04% 17.3 297.1 3,857

iShares Short Maturity Bond ETF NEAR US NEAR.Z BlackRock ETF 1L (A) BATS DM North America US S IG N 0.25% 18.2 200.8 2,522

Guggenheim Ultra Short Duration Bond ETF GSY US GSY Guggenheim Investments ETF 1L (A) NYSE Arca DM North America US MM IG N 0.27% 7.6 75.4 1,101

SPDR Bloomberg Barclays Aggregate Bond ETF BNDS US BNDS.K State Street ETF 1L (P) NYSE Arca DM North America US B IG N 0.09% 3.6 (63.1) 1,077

iShares Core Total USD Bond Market ETF IUSB US IUSB.K BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.08% 3.4 152.5 1,027

First Trust Enhanced Short Maturity Fund FTSM US FTSM.O First Trust ETF 1L (A) Nasdaq DM North America US S IG N 0.35% 14.0 281.9 978

Vident Core U.S. Bond Strategy Fund VBND US VBND.O Exchange Traded Concepts ETF 1L (P) Nasdaq DM North America US B M N 0.91% 0.8 14.9 530

Fidelity Total Bond ETF FBND US FBND.K Fidelity Investments ETF 1L (A) NYSE Arca DM North America US M IG N 0.45% 1.8 22.5 273

IQ Enhanced Core Plus Bond US ETF AGGP US AGGP.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM North America US B M N 0.20% 1.0 34.0 254

Deutsche X-Trackers USD High Yield Corporate Bond ETF HYLB US HYLB.K Deutsche AM ETF 1L (P) NYSE Arca DM North America US B HY N 0.25% 1.3 53.9 213

iShares Convertible Bond ETF ICVT US ICVT.Z BlackRock ETF 1L (P) BATS DM North America US B M N 0.35% 0.4 59.0 186

WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund AGGY US AGGY.K WisdomTree ETF 1L (P) NYSE Arca DM North America US M IG N 0.12% 0.8 15.1 141

iShares Ultra Short-Term Bond ETF ICSH US ICSH.Z BlackRock ETF 1L (A) BATS DM North America US S M N 0.18% 0.4 - 123

iShares Edge U.S. Fixed Income Balanced Risk ETF FIBR US INC.Z BlackRock ETF 1L (A) BATS DM North America US B M N 0.25% 0.9 - 110

Fidelity Limited Term Bond ETF FLTB US FLTB.K Fidelity Investments ETF 1L (A) NYSE Arca DM North America US S IG N 0.45% 0.6 (10.1) 101

PIMCO Enhanced Low Duration Active ETF LDUR US LDUR.K PIMCO ETF 1L (A) NYSE Arca DM North America US S IG N 0.55% 0.7 5.0 94

AdvisorShares Sage Core Reserves ETF HOLD US HOLD.K AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US S IG N 0.35% 0.0 - 85

PowerShares Variable Rate Investment Grade Portfolio VRIG US VRIG.O PowerShares ETF 1L (A) Nasdaq DM North America US S IG N 0.30% 0.9 26.4 77

IQ Enhanced Core Bond US ETF AGGE US AGGE.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM North America US B IG N 0.20% 0.2 (3.9) 74

Arrow Reserve Capital Management ETF ARCM US ARCM.Z ArrowShares ETF 1L (A) BATS DM North America US B M N 0.38% 0.8 56.0 58

NuShares Enhanced Yield US Aggregate Bond ETF NUAG US NUAG.K Nuveen ETF 1L (P) NYSE Arca DM North America US B IG N 0.20% 0.2 0.0 52

JPMorgan Ultra-Short Income ETF JPST US JPST.Z JPMorgan ETF 1L (A) BATS DM North America US MM IG N 0.18% 0.6 42.5 43

SPDR DoubleLine Short Duration Total Return Tactical ETF STOT US STOT.Z State Street ETF 1L (A) BATS DM North America US S M N 0.50% 0.3 2.5 35

Guggenheim Total Return Bond ETF GTO US GTO .K Guggenheim Investments ETF 1L (A) NYSE Arca DM North America US B IG N 0.50% 0.5 5.2 34

JPMorgan Disciplined High Yield ETF JPHY US JPHY.Z JPMorgan ETF 1L (A) BATS DM North America US B HY N 0.40% 0.1 - 31

NuShares Enhanced Yield 1-5 Year US Aggregate Bond ETF NUSA US NUSA.K Nuveen ETF 1L (P) NYSE Arca DM North America US S IG N 0.20% 0.2 30.0 30

WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund AGZD US AGZD.O WisdomTree ETF 1LS (P) Nasdaq DM North America US MM M N 0.23% 0.2 - 24

Hartford Quality Bond ETF HQBD US HQBD.K Hartford Funds ETF 1L (A) NYSE Arca DM North America US B IG N 0.39% 0.0 - 20

iShares Yield Optimized Bond ETF BYLD US BYLD.K BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.28% 0.2 1.2 19

SPDR SSgA Ultra Short Term Bond ETF ULST US ULST.K State Street ETF 1L (A) NYSE Arca DM North America US S IG N 0.20% 0.2 - 18

FlexShares Credit-Scored US Long Corporate Bond Index Fund LKOR US LKOR.O FlexShares ETF 1L (P) Nasdaq DM North America US L IG N 0.22% 0.1 0.0 13

WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund AGND US AGND.O WisdomTree ETF 1LS (P) Nasdaq DM North America US MM M N 0.28% 0.2 (4.3) 13

Columbia Core Bond ETF GMTB US GMTB.K Columbia Management ETF 1L (A) NYSE Arca DM North America US B IG N 0.57% 0.0 - 8

WisdomTree Barclays Yield Enhanced US Short-Term Aggregate Bond

Fund

SHAG US SHAG.Z WisdomTree ETF 1L (P) BATS DM North America US S IG N 0.12% 0.1 5.0 5

Direxion Daily Total Bond Market Bear 1X Shares SAGG US SAGG.K DirexionShares ETF 1S (P) NYSE Arca DM North America US B IG N 0.65% 0.0 - 3

Flexshares Core Select Bond Fund BNDC US BNDC.K FlexShares ETF 1L (A) NYSE Arca DM North America US B IG N 0.35% 0.0 (0.6) 3


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Corporates

PowerShares Variable Rate Preferred Portfolio VRP US VRP PowerShares ETF 1L (P) NYSE Arca Overall Global Overall L M N 0.50% 11.4 359.4 1,633

Guggenheim BulletShares 2017 Corporate Bond ETF BSCH US BSCH.K Guggenheim Investments ETF 1L (P) NYSE Arca Overall Global Overall M IG N 0.24% 3.0 (95.1) 686

iBonds Dec 2021 Term Corporate ETF IBDM US IBDM.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 2.0 72.2 390

VanEck Vectors Emerging Markets High Yield Bond ETF HYEM US HYEM.K VanEck Vectors ETF 1L (P) NYSE Arca EM Global Overall M HY N 0.40% 3.4 (9.8) 349

iBonds Dec 2020 Term Corporate ETF IBDL US IBDL.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 1.6 53.4 346

iBonds Dec 2019 Term Corporate ETF IBDK US IBDK.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 1.8 44.9 343

iShares Emerging Markets High Yield Bond ETF EMHY US EMHY.Z BlackRock ETF 1L (P) BATS EM Global Overall B HY N 0.50% 3.7 60.3 295

iBonds Dec 2018 Term Corporate ETF IBDH US IBDH.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 1.4 37.7 293

iBonds Dec 2022 Term Corporate ETF IBDN US IBDN.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 1.4 46.3 283

iShares Global High Yield Corporate Bond ETF GHYG US GHYG.Z BlackRock ETF 1L (P) BATS DM Global Overall B HY N 0.40% 1.0 9.8 191

iBonds Dec 2025 Term Corporate ETF IBDQ US IBDQ.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 0.7 19.8 179

iBonds Dec 2023 Term Corporate ETF IBDO US IBDO.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 0.9 26.3 170

iBonds Dec 2017 Term Corporate ETF IBDJ US IBDJ.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall S IG N 0.10% 0.7 (6.2) 153

iBonds Dec 2024 Term Corporate ETF IBDP US IBDP.K BlackRock ETF 1L (P) NYSE Arca DM Global Overall M IG N 0.10% 0.6 17.4 135

iShares J.P. Morgan EM Bond ETF CEMB US CEMB.Z BlackRock ETF 1L (P) BATS EM Global Overall B M N 0.50% 0.3 5.1 76

WisdomTree Emerging Markets Corporate Bond Fund EMCB US EMCB.O WisdomTree ETF 1L (A) Nasdaq EM Global Overall M M N 0.60% 0.4 - 50

AdvisorShares Pacific Asset Enhanced Floating Rate ETF FLRT US FLRT.K AdvisorShares Trust ETF 1L (A) NYSE Arca Overall Global Overall B HY N 1.10% 0.0 - 27

WisdomTree Global Corporate Bond Fund CRDT US CRDT.O WisdomTree ETF 1L (A) Nasdaq Overall Global Overall B IG N 0.45% 0.1 7.6 15

ProShares Ultra High Yield UJB US UJB ProShares ETF 2L (P) NYSE Arca DM Global Overall B HY N 0.95% 0.0 - 3

PowerShares International Corporate Bond Portfolio PICB US PICB.K PowerShares ETF 1L (P) NYSE Arca Overall Global ex US Overall B IG N 0.50% 1.0 1.1 177

SPDR Bloomberg Barclays International Corporate Bond ETF IBND US IBND.K State Street ETF 1L (P) NYSE Arca Overall Global ex US Overall B IG N 0.50% 1.7 (15.1) 149

VanEck Vectors International High Yield Bond ETF IHY US IHY VanEck Vectors ETF 1L (P) NYSE Arca Overall Global ex US Overall B HY N 0.40% 1.3 (24.6) 126

iShares International Preferred Stock ETF IPFF US IPFF.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall B M N 0.55% 0.6 10.2 75

iShares International High Yield Bond ETF HYXU US HYXU.Z BlackRock ETF 1L (P) BATS DM Global ex US Overall B HY N 0.40% 0.4 - 66

Deutsche X-trackers Barclays International Corporate Bond Hedged ETF IFIX US IFIX.Z Deutsche AM ETF 1L (P) BATS Overall Global ex US Overall B IG N 0.30% 0.0 - 5

iShares Currency Hedged International High Yield Bond ETF HHYX US HHYX.K BlackRock ETF 1L (P) NYSE Arca DM Global ex US Overall B HY N 0.43% 0.0 - 1

Fidelity Corporate Bond ETF FCOR US FCOR.K Fidelity Investments ETF 1L (A) NYSE Arca DM North America Overall B IG N 0.45% 0.5 12.6 63

ProShares CDS Short North American HY Credit ETF WYDE US WYDE.Z ProShares ETF 1S (A) BATS DM North America Overall B HY N 0.50% 0.0 (1.7) 3

iShares iBoxx $ Investment Grade Corporate Bond ETF LQD US LQD BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.15% 486.4 4,719.9 36,126

Vanguard Short-Term Corporate Bond ETF VCSH US VCSH.O Vanguard ETF 1L (P) Nasdaq DM North America US S IG N 0.07% 94.9 1,501.3 19,596

iShares U.S. Preferred Stock ETF PFF US PFF BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.47% 84.5 826.9 18,288

iShares iBoxx $ High Yield Corporate Bond ETF HYG US HYG BlackRock ETF 1L (P) NYSE Arca DM North America US B HY N 0.50% 940.1 (1,291.9) 17,563

Vanguard Intermediate-Term Corporate Bond ETF VCIT US VCIT.O Vanguard ETF 1L (P) Nasdaq DM North America US M IG N 0.07% 79.0 1,910.4 15,224

iShares 1-3 Year Credit Bond ETF CSJ US CSJ BlackRock ETF 1L (P) NYSE Arca DM North America US S M N 0.20% 45.0 431.2 11,856

SPDR Bloomberg Barclays High Yield Bond ETF JNK US JNK State Street ETF 1L (P) NYSE Arca DM North America US B HY N 0.40% 316.9 (69.3) 11,613

PowerShares Senior Loan Portfolio BKLN US BKLN.K PowerShares ETF 1L (P) NYSE Arca DM North America US B HY N 0.65% 91.3 106.1 9,007

iShares Intermediate Credit Bond ETF CIU US CIU BlackRock ETF 1L (P) NYSE Arca DM North America US M M N 0.20% 38.9 356.1 7,209

iShares Floating Rate Bond ETF FLOT US FLOT.K BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.20% 45.5 569.3 5,910

PowerShares Preferred Portfolio PGX US PGX PowerShares ETF 1L (P) NYSE Arca DM North America US B M N 0.50% 26.9 458.5 5,122


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SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK US SJNK.K State Street ETF 1L (P) NYSE Arca DM North America US S HY N 0.40% 45.8 403.0 4,023

SPDR Bloomberg Barclays Convertible Securities ETF CWB US CWB State Street ETF 1L (P) NYSE Arca DM North America US B M N 0.40% 33.0 236.1 3,873

SPDR Bloomberg Barclays Short Term Corporate Bond ETF SCPB US SCPB.K State Street ETF 1L (P) NYSE Arca DM North America US S IG N 0.12% 8.9 36.7 2,982

iShares 0-5 Year High Yield Corporate Bond ETF SHYG US SHYG.K BlackRock ETF 1L (P) NYSE Arca DM North America US S HY 0 0.30% 22.4 528.4 2,828

First Trust Preferred Securities and Income ETF FPE US FPE First Trust ETF 1L (A) NYSE Arca DM North America US B M N 0.85% 13.6 447.2 2,330

SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF ITR US ITR State Street ETF 1L (P) NYSE Arca DM North America US M IG N 0.12% 15.3 193.5 2,090

Vanguard Long-Term Corporate Bond ETF VCLT US VCLT.O Vanguard ETF 1L (P) Nasdaq DM North America US L IG N 0.07% 15.6 292.3 1,981

PIMCO 0-5 Year High Yield Corporate Bond Index ETF HYS US HYS PIMCO ETF 1L (P) NYSE Arca DM North America US S HY N 0.55% 40.3 30.3 1,824

SPDR Blackstone / GSO Senior Loan ETF SRLN US SRLN.K State Street ETF 1L (A) NYSE Arca DM North America US S HY N 0.70% 14.3 344.0 1,821

PowerShares Financial Preferred Portfolio PGF US PGF PowerShares ETF 1L (P) NYSE Arca DM North America US B M N 0.64% 4.6 9.5 1,703

iShares U.S. Credit Bond ETF CRED US CRED.K BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.15% 7.5 176.6 1,498

First Trust Senior Loan Fund FTSL US FTSL.O First Trust ETF 1L (A) Nasdaq DM North America US B HY N 0.85% 6.6 89.6 1,297

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF FLRN US FLRN.K State Street ETF 1L (P) NYSE Arca DM North America US S IG N 0.15% 6.7 217.6 1,231

First Trust Tactical High Yield ETF HYLS US HYLS.O First Trust ETF 1LS (A) Nasdaq DM North America US B HY N 1.19% 5.6 17.1 1,206

PowerShares Fundamental High Yield Corporate Bond Portfolio PHB US PHB PowerShares ETF 1L (P) NYSE Arca DM North America US B HY N 0.50% 15.6 (47.0) 1,122

Guggenheim BulletShares 2018 High Yield Corporate Bond ETF BSJI US BSJI.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 4.0 17.7 1,099

Guggenheim BulletShares 2018 Corporate Bond ETF BSCI US BSCI.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US L IG N 0.24% 3.9 44.5 1,039

Guggenheim BulletShares 2019 Corporate Bond ETF BSCJ US BSCJ.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US L IG N 0.24% 3.3 54.0 982

Guggenheim BulletShares 2020 Corporate Bond ETF BSCK US BSCK.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US L IG N 0.24% 3.9 115.5 960

iShares 10+ Year Credit Bond ETF CLY US CLY BlackRock ETF 1L (P) NYSE Arca DM North America US L M N 0.20% 5.1 18.2 846

VanEck Vectors Fallen Angel High Yield Bond ETF ANGL US ANGL.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B HY N 0.40% 13.7 97.7 842

Guggenheim BulletShares 2019 High Yield Corporate Bond ETF BSJJ US BSJJ.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 4.3 107.8 787

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP US CORP.K PIMCO ETF 1L (P) NYSE Arca DM North America US B IG N 0.32% 4.0 20.8 737

Guggenheim BulletShares 2021 Corporate Bond ETF BSCL US BSCL.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 2.4 47.8 688

Highland iBoxx Senior Loan ETF SNLN US SNLN.K Highland Capital ETF 1L (P) NYSE Arca DM North America US B HY N 0.55% 4.2 79.5 559

Guggenheim BulletShares 2022 Corporate Bond ETF BSCM US BSCM.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 2.3 38.4 539

SPDR Wells Fargo Preferred Stock ETF PSK US PSK State Street ETF 1L (P) NYSE Arca DM North America US B M N 0.45% 2.0 20.2 538

Guggenheim BulletShares 2020 High Yield Corporate Bond ETF BSJK US BSJK.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 3.0 86.4 498

Guggenheim BulletShares 2017 High Yield Corporate Bond ETF BSJH US BSJH.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 2.5 (98.0) 498

iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD US SLQD.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG 0 0.15% 4.0 141.2 469

VanEck Vectors Preferred Securities ex Financials ETF PFXF US PFXF.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B M N 0.40% 2.2 25.1 459

ProShares Investment Grade-Interest Rate Hedged ETF IGHG US IGHG.Z ProShares ETF 1LS (P) BATS DM North America US B IG N 0.30% 2.5 79.3 326

Global X SuperIncome Preferred ETF SPFF US SPFF.K Global X Funds ETF 1L (P) NYSE Arca DM North America US B M N 0.58% 1.4 11.0 237

SPDR Bloomberg Barclays Long Term Corporate Bond ETF LWC US LWC State Street ETF 1L (P) NYSE Arca DM North America US L IG N 0.12% 1.1 (12.2) 233

Guggenheim BulletShares 2023 Corporate Bond ETF BSCN US BSCN.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 0.8 25.0 194

Guggenheim BulletShares 2021 High Yield Corporate Bond ETF BSJL US BSJL.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 1.4 32.5 178

iShares Interest Rate Hedged High Yield Bond ETF HYGH US HYGH.K BlackRock ETF 1LS (A) NYSE Arca DM North America US B HY N 0.55% 1.5 (36.6) 178

Peritus High Yield ETF HYLD US HYLD.K AdvisorShares Trust ETF 1L (A) NYSE Arca DM North America US B HY N 1.35% 0.7 (14.7) 170

Guggenheim BulletShares 2024 Corporate Bond ETF BSCO US BSCO.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 0.7 9.4 165


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VanEck Vectors Investment Grade Floating Rate ETF FLTR US FLTR.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B IG N 0.19% 1.1 25.1 159

ProShares High Yield–Interest Rate Hedged HYHG US HYHG.Z ProShares ETF 1LS (P) BATS DM North America US B HY N 0.50% 0.8 11.9 144

Guggenheim BulletShares 2022 High Yield Corporate Bond ETF BSJM US BSJM.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 0.9 25.3 137

ProShares Short High Yield SJB US SJB ProShares ETF 1S (P) NYSE Arca DM North America US B HY N 0.95% 1.9 8.1 119

iBonds Mar 2018 Term Corporate ETF IBDB US IBDB.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.10% 0.3 (0.0) 105

iShares Aaa - A Rated Corporate Bond ETF QLTA US QLTA.K BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.15% 0.4 (7.8) 97

iBonds Mar 2018 Term Corporate ex-Financials ETF IBCC US IBCC.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.10% 0.2 3.7 92

iBonds Mar 2020 Term Corporate ETF IBDC US IBDC.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.10% 0.2 3.9 90

iBonds Mar 2023 Term Corporate ETF IBDD US IBDD.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.10% 0.2 1.3 86

iBonds Mar 2020 Term Corporate ex-Financials ETF IBCD US IBCD.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.10% 0.1 - 85

IQ S&P High Yield Low Volatility Bond ETF HYLV US HYLV.K IndexIQ Advisors ETF 1L (P) NYSE Arca DM North America US B HY N 0.40% 0.6 32.8 78

iShares Interest Rate Hedged Corporate Bond ETF LQDH US LQDH.K BlackRock ETF 1LS (A) NYSE Arca DM North America US B IG N 0.25% 0.5 14.2 76

Guggenheim BulletShares 2025 Corporate Bond ETF BSCP US BSCP.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 0.3 6.1 68

WisdomTree Interest Rate Hedged High Yield Bond Fund HYZD US HYZD.O WisdomTree ETF 1LS (P) Nasdaq DM North America US MM HY N 0.43% 0.5 7.2 60

Franklin Liberty Investment Grade Corporate ETF FLCO US FLCO.K Franklin Templeton Investments ETF 1L (A) NYSE Arca DM North America US B IG N 0.40% 0.1 2.5 57

Goldman Sachs Access Investment Grade Corporate Bond ETF GIGB US GIGB.K Goldman Sachs ETF 1L (P) NYSE Arca DM North America US B IG N 0.14% 0.4 54.7 55

iBonds Mar 2023 Term Corporate ex-Financials ETF IBCE US IBCE.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.10% 0.1 - 46

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF CJNK US CJNK.K State Street ETF 1L (P) NYSE Arca DM North America US B M N 0.30% 0.1 - 45

FlexShares Credit-Scored US Corporate Bond Index Fund SKOR US SKOR.O FlexShares ETF 1L (P) Nasdaq DM North America US M IG N 0.22% 0.1 2.5 43

Guggenheim BulletShares 2023 High Yield Corporate Bond ETF BSJN US BSJN.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 0.3 5.4 43

PowerShares Fundamental Investment Grade Corporate Bond Portfolio PFIG US PFIG.K PowerShares ETF 1L (P) NYSE Arca DM North America US B IG N 0.22% 0.2 (5.1) 40

iBonds Dec 2026 Term Corporate ETF IBDR US IBDR.K BlackRock ETF 1L (P) NYSE Arca DM North America US L IG N 0.10% 0.2 8.5 35

SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF CBND US CBND.K State Street ETF 1L (P) NYSE Arca DM North America US B IG N 0.16% 0.2 (3.2) 29

Guggenheim BulletShares 2026 Corporate Bond ETF BSCQ US BSCQ.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 0.3 (0.0) 26

Guggenheim BulletShares 2024 High Yield Corporate Bond ETF BSJO US BSJO.K Guggenheim Investments ETF 1L (P) NYSE Arca DM North America US M HY N 0.42% 0.2 2.5 23

PowerShares LadderRite 0-5 Year Corporate Bond Portfolio LDRI US LDRI.O PowerShares ETF 1L (P) Nasdaq DM North America US S IG N 0.22% 0.1 (5.0) 22

Elkhorn S&P High Quality Preferred ETF EPRF US EPRF.Z Elkhorn Investments LLC ETF 1L (P) BATS DM North America US B IG N 0.47% 0.2 6.0 18

Infracap REIT Preferred ETF PFFR US PFFR.K Virtus Investment ETF 1L (P) NYSE Arca DM North America US B M N 0.45% 0.4 11.6 17

WisdomTree Negative Duration High Yield Bond Fund HYND US HYND.O WisdomTree ETF 1LS (P) Nasdaq DM North America US MM HY N 0.48% 0.1 - 17

Hartford Corporate Bond ETF HCOR US HCOR.K Hartford Funds ETF 1L (A) NYSE Arca DM North America US S IG N 0.44% 0.0 - 15

iShares Interest Rate Hedged 10+ Year Credit Bond ETF CLYH US CLYH.K BlackRock ETF 1LS (A) NYSE Arca DM North America US L IG N 0.30% 0.1 1.3 13

iShares Fallen Angels USD Bond ETF FALN US FALN.O BlackRock ETF 1L (P) Nasdaq DM North America US B HY N 0.35% 0.1 - 11

Deutsche X-trackers High Yield Corp Bond-Interest Rate Hedged ETF HYIH US HYIH.K Deutsche AM ETF 1LS (P) NYSE Arca DM North America US B HY N 0.45% 0.0 - 11

iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF HYXE US HYXE.O BlackRock ETF 1L (P) Nasdaq DM North America US B HY N 0.50% 0.0 - 10

Deutsche X-trackers Investment Grade Bond-Interest Rate Hedged ETF IGIH US IGIH.K Deutsche AM ETF 1LS (P) NYSE Arca DM North America US B IG N 0.25% 0.1 1.2 6

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund WFHY US WFHY.Z WisdomTree ETF 1L (P) BATS DM North America US M HY N 0.38% 0.0 - 5

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund SFHY US SFHY.Z WisdomTree ETF 1L (P) BATS DM North America US S HY N 0.38% 0.0 - 5

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund SFIG US SFIG.Z WisdomTree ETF 1L (P) BATS DM North America US S IG N 0.18% 0.0 - 5

WisdomTree Fundamental U.S. Corporate Bond Fund WFIG US WFIG.Z WisdomTree ETF 1L (P) BATS DM North America US M IG N 0.18% 0.0 - 5


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VanEck Vectors Treasury-Hedged High Yield Bond ETF THHY US THHY.K VanEck Vectors ETF 1LS (P) NYSE Arca DM North America US B HY N 1.45% 0.0 - 5

Direxion Daily High Yield Bear 2x Shares HYDD US HYDD.K DirexionShares ETF 2S (P) NYSE Arca DM North America US B HY N 0.80% 0.0 1.0 4

Sovereign

ProShares German Sovereign/Sub-Sovereign ETF GGOV US GGOV.K ProShares ETF 1L (P) NYSE Arca DM Eurozone Germany B IG N 0.45% 0.0 - 4

Cambria Sovereign High Yield Bond ETF SOVB US SOVB.K Cambria Funds ETF 1L (A) NYSE Arca Overall Global Overall B HY N 0.59% 0.0 - 10

iShares TIPS Bond ETF TIP US TIP BlackRock ETF 1L (P) NYSE Arca DM North America US B IG Y 0.20% 131.9 363.9 23,146

iShares 1-3 Year Treasury Bond ETF SHY US SHY BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.15% 76.5 (50.8) 10,971

iShares 7-10 Year Treasury Bond ETF IEF US IEF BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.15% 212.8 309.7 7,844

iShares 3-7 Year Treasury Bond ETF IEI US IEI BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.15% 55.4 1,188.7 7,549

iShares 20+ Year Treasury Bond ETF TLT US TLT BlackRock ETF 1L (P) NYSE Arca DM North America US L IG N 0.15% 971.0 1,360.7 7,270

iShares Short Treasury Bond ETF SHV US SHV BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.15% 71.3 275.6 5,085

iShares U.S. Treasury Bond ETF GOVT US GOVT.K BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.15% 23.4 963.8 4,583

Vanguard Short-Term Inflation-Protected Securities ETF VTIP US VTIP.O Vanguard ETF 1L (P) Nasdaq DM North America US S IG Y 0.07% 15.6 235.8 3,587

ProShares UltraShort 20+ Year Treasury TBT US TBT ProShares ETF 2S (P) NYSE Arca DM North America US L IG N 0.93% 73.8 103.2 2,113

Schwab U.S. TIPS ETF SCHP US SCHP.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US B IG Y 0.07% 11.0 135.7 2,078

FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT US TDTT.K FlexShares ETF 1L (P) NYSE Arca DM North America US M IG Y 0.20% 3.0 67.9 2,051

Schwab Short-Term U.S. Treasury ETF SCHO US SCHO.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US S IG N 0.08% 11.3 118.5 1,757

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL US BIL State Street ETF 1L (P) NYSE Arca DM North America US MM IG N 0.14% 31.8 (219.4) 1,651

Vanguard Short-Term Government Bond ETF VGSH US VGSH.O Vanguard ETF 1L (P) Nasdaq DM North America US S IG N 0.07% 8.2 106.4 1,509

iShares 0-5 Year TIPS Bond ETF STIP US STIP.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG Y 0.10% 5.0 85.9 1,300

Vanguard Intermediate-Term Government Bond ETF VGIT US VGIT.O Vanguard ETF 1L (P) Nasdaq DM North America US M IG N 0.07% 7.0 145.4 1,205

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund STPZ US STPZ.K PIMCO ETF 1L (P) NYSE Arca DM North America US S IG Y 0.20% 3.1 13.1 1,136

Schwab Intermediate-Term U.S. Treasury ETF SCHR US SCHR.K Charles Schwab ETF 1L (P) NYSE Arca DM North America US M IG N 0.09% 6.9 83.5 963

SPDR Bloomberg Barclays TIPS ETF IPE US IPE State Street ETF 1L (P) NYSE Arca DM North America US B IG Y 0.15% 2.7 22.7 921

FlexShares iBoxx 5-Year Target Duration TIPS Index Fund TDTF US TDTF.K FlexShares ETF 1L (P) NYSE Arca DM North America US M IG Y 0.20% 1.9 31.5 773

ProShares Short 20+ Year Treasury TBF US TBF ProShares ETF 1S (P) NYSE Arca DM North America US L IG N 0.95% 8.9 (123.4) 628

Vanguard Extended Duration Treasury ETF EDV US EDV Vanguard ETF 1L (P) NYSE Arca DM North America US L IG N 0.07% 7.3 115.5 567

SPDR Bloomberg Barclays Long Term Treasury ETF TLO US TLO State Street ETF 1L (P) NYSE Arca DM North America US L IG N 0.10% 4.7 84.4 555

Vanguard Long-Term Government Bond ETF VGLT US VGLT.O Vanguard ETF 1L (P) Nasdaq DM North America US L IG N 0.07% 7.7 31.8 491

iShares 10-20 Year Treasury Bond ETF TLH US TLH BlackRock ETF 1L (P) NYSE Arca DM North America US L IG N 0.15% 4.1 (54.6) 477

SPDR Bloomberg Barclays Intermediate Term Treasury ETF ITE US ITE State Street ETF 1L (P) NYSE Arca DM North America US M IG N 0.10% 1.9 (72.2) 444

Direxion Daily 20+ Year Treasury Bear 3X Shares TMV US TMV DirexionShares ETF 3S (P) NYSE Arca DM North America US L IG N 0.95% 16.7 25.2 407

PowerShares Treasury Collateral Portfolio ETF CLTL US CLTL.K PowerShares ETF 1L (P) NYSE Arca DM North America US S IG N 0.08% 0.0 - 372

PowerShares 1-30 Laddered Treasury Portfolio PLW US PLW PowerShares ETF 1L (P) NYSE Arca DM North America US B IG N 0.25% 0.9 (11.4) 180

Franklin Liberty Short Duration U.S. Goverment ETF FTSD US FTSD.K Franklin Templeton Investments ETF 1L (A) NYSE Arca DM North America US B IG N 0.30% 0.4 (0.0) 171

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund ZROZ US ZROZ.K PIMCO ETF 1L (P) NYSE Arca DM North America US L IG N 0.15% 2.3 (6.1) 167

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund LTPZ US LTPZ.P PIMCO ETF 1L (P) NYSE Arca DM North America US L IG Y 0.27% 1.1 13.1 149

SPDR Bloomberg Barclays Short Term Treasury ETF SST US SST State Street ETF 1L (P) NYSE Arca DM North America US S IG N 0.10% 1.0 (18.1) 139

ProShares UltraShort 7-10 Year Treasury PST US PST ProShares ETF 2S (P) NYSE Arca DM North America US M IG N 0.95% 0.4 (1.1) 127


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PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund TUZ US TUZ PIMCO ETF 1L (P) NYSE Arca DM North America US S IG N 0.09% 0.8 (12.7) 119

SPDR Bloomberg Barclays 1-10 Year TIPS ETF TIPX US TIPX.K State Street ETF 1L (P) NYSE Arca DM North America US B IG Y 0.15% 0.3 15.6 115

Direxion Daily 20+ Year Treasury Bull 3X Shares TMF US TMF DirexionShares ETF 3L (P) NYSE Arca DM North America US L IG N 0.95% 8.6 1.0 90

Goldman Sachs Treasury Access 0-1 Year ETF GBIL US GBIL.K Goldman Sachs ETF 1L (P) NYSE Arca DM North America US S IG N 0.14% 0.5 10.0 90

ProShares UltraPro Short 20+ Year Treasury TTT US TTT ProShares ETF 3S (P) NYSE Arca DM North America US L IG N 0.95% 0.7 (5.6) 82

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund TIPZ US TIPZ.P PIMCO ETF 1L (P) NYSE Arca DM North America US B IG Y 0.30% 0.5 (2.9) 71

ProShares Ultra 7-10 Year Treasury UST US UST ProShares ETF 2L (P) NYSE Arca DM North America US M IG N 0.95% 1.3 11.7 64

ProShares Inflation Expectations ETF RINF US RINF.K ProShares ETF 1L (P) NYSE Arca DM North America US L IG Y 0.75% 0.4 9.8 55

ProShares Ultra 20+ Year Treasury UBT US UBT ProShares ETF 2L (P) NYSE Arca DM North America US L IG N 0.95% 1.0 (2.2) 44

ProShares Short 7-10 Year Treasury TBX US TBX ProShares ETF 1S (P) NYSE Arca DM North America US M IG N 0.95% 0.3 (2.8) 37

Direxion Daily 7-10 Year Treasury Bear 3X Shares TYO US TYO DirexionShares ETF 3S (P) NYSE Arca DM North America US L IG N 0.95% 0.1 1.4 30

iShares Treasury Floating Rate Bond ETF TFLO US TFLO.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.00% 0.2 5.0 25

Sit Rising Rate ETF RISE US RISE.K ETFMG ETF 1L (A) NYSE Arca DM North America US B IG N 0.50% 0.1 2.3 21

SPDR Bloomberg Barclays 0-5 Year TIPS ETF SIPE US SIPE.K State Street ETF 1L (P) NYSE Arca DM North America US S IG Y 0.15% 0.0 - 11

Direxion Daily 7-10 Year Treasury Bull 3X Shares TYD US TYD DirexionShares ETF 3L (P) NYSE Arca DM North America US L IG N 0.95% 0.1 4.6 9

Direxion Daily 20+ Year Treasury Bear 1X Shares TYBS US TYBS.K DirexionShares ETF 1S (P) NYSE Arca DM North America US L IG N 0.65% 0.0 - 5

ProShares UltraShort 3-7 Year Treasury TBZ US TBZ ProShares ETF 2S (P) NYSE Arca DM North America US M IG N 0.95% 0.0 - 3

Direxion Daily 7-10 Year Treasury Bear 1X Shares TYNS US TYNS.K DirexionShares ETF 1S (P) NYSE Arca DM North America US M IG N 0.65% 0.0 - 1

ProShares UltraShort TIPS TPS US TPS ProShares ETF 2S (P) NYSE Arca DM North America US B IG Y 0.95% 0.0 - 1

WisdomTree Bloomberg Floating Rate Treasury Fund USFR US USFR.K WisdomTree ETF 1L (P) NYSE Arca DM North America US S IG N 0.15% 0.0 - 1

Sovereign & Corporates

ProShares Short Term USD Emerging Markets Bond ETF EMSH US EMSH.Z ProShares ETF 1L (P) BATS EM Global Overall S M N 0.50% 0.0 - 8

Vanguard Short-Term Bond ETF BSV US BSV Vanguard ETF 1L (P) NYSE Arca DM North America US S IG N 0.07% 88.3 375.0 21,967

Vanguard Intermediate-Term Bond ETF BIV US BIV Vanguard ETF 1L (P) NYSE Arca DM North America US M IG N 0.07% 43.8 962.8 13,757

Vanguard Long-Term Bond ETF BLV US BLV Vanguard ETF 1L (P) NYSE Arca DM North America US L IG N 0.07% 13.3 119.9 2,130

iShares Intermediate Government/Credit Bond ETF GVI US GVI BlackRock ETF 1L (P) NYSE Arca DM North America US M M N 0.20% 17.1 (488.3) 1,881

iShares Core 1-5 Year USD Bond ETF ISTB US ISTB.K BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.08% 5.7 140.4 958

iShares Core 10+ Year USD Bond ETF ILTB US ILTB.K BlackRock ETF 1L (P) NYSE Arca DM North America US L IG N 0.08% 5.2 258.6 475

iShares Government/Credit Bond ETF GBF US GBF BlackRock ETF 1L (P) NYSE Arca DM North America US B M N 0.20% 1.6 50.9 200

Sub-Sovereign

WisdomTree Asia Local Debt Fund ALD US ALD WisdomTree ETF 1L (A) NYSE Arca Overall Asia ex Japan Overall B M N 0.55% 0.2 4.4 22

iShares J.P. Morgan USD Emerging Markets Bond ETF EMB US EMB BlackRock ETF 1L (P) NYSE Arca EM Global Overall B M N 0.40% 264.0 2,468.1 12,487

PowerShares Emerging Markets Sovereign Debt Portfolio PCY US PCY PowerShares ETF 1L (P) NYSE Arca EM Global Overall B IG N 0.50% 38.4 562.6 4,642

VanEck Vectors Emerging Markets Local Currency Bond ETF EMLC US EMLC.K VanEck Vectors ETF 1L (P) NYSE Arca EM Global Overall B IG N 0.47% 28.0 537.7 3,647

Vanguard Emerging Markets Government Bond ETF VWOB US VWOB.O Vanguard ETF 1L (P) Nasdaq EM Global Overall B M N 0.32% 6.2 40.2 1,000

iShares J.P. Morgan EM Local Currency Bond ETF LEMB US LEMB.K BlackRock ETF 1L (P) NYSE Arca EM Global Overall B M N 0.50% 5.2 (64.0) 270

WisdomTree Emerging Markets Local Debt Fund ELD US ELD WisdomTree ETF 1L (A) NYSE Arca EM Global Overall B M N 0.55% 1.0 7.6 258

SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND US EBND.K State Street ETF 1L (P) NYSE Arca EM Global Overall L IG N 0.50% 0.6 - 130

First Trust Emerging Markets Local Currency Bond ETF FEMB US FEMB.O First Trust ETF 1L (A) Nasdaq EM Global Overall B M N 0.85% 0.5 19.0 44


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VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond

ETF

IGEM US IGEM.K VanEck Vectors ETF 1L (A) NYSE Arca EM Global Overall B IG N 0.40% 0.0 - 15

Deutsche X-trackers Emerging Markets Bond-Interest Rate Hedged ETF EMIH US EMIH.K Deutsche AM ETF 1LS (P) NYSE Arca EM Global Overall B M N 0.50% 0.1 1.2 7

iShares Interest Rate Hedged Emerging Markets Bond ETF EMBH US EMBH.K BlackRock ETF 1LS (A) NYSE Arca EM Global Overall B M N 0.50% 0.0 (1.3) 3

SPDR Bloomberg Barclays International Treasury Bond ETF BWX US BWX State Street ETF 1L (P) NYSE Arca Overall Global ex US Overall B IG N 0.50% 14.8 366.0 1,568

iShares International Treasury Bond ETF IGOV US IGOV.O BlackRock ETF 1L (P) Nasdaq Overall Global ex US Overall B IG N 0.35% 5.2 18.4 649

SPDR Citi International Government Inflation-Protected Bond ETF WIP US WIP State Street ETF 1L (P) NYSE Arca Overall Global ex US Overall B M Y 0.50% 3.3 16.4 519

SPDR Bloomberg Barclays Short Term International Treasury Bond ETF BWZ US BWZ State Street ETF 1L (P) NYSE Arca Overall Global ex US Overall S IG N 0.35% 0.7 9.2 197

iShares 1-3 Year International Treasury Bond ETF ISHG US ISHG.O BlackRock ETF 1L (P) Nasdaq Overall Global ex US Overall S M N 0.35% 0.5 4.1 78

Deutsche X-trackers Barclays International Treasury Bond Hedged ETF IGVT US IGVT.Z Deutsche AM ETF 1L (P) BATS Overall Global ex US Overall B IG N 0.25% 0.0 - 5

iShares National AMT-Free Muni Bond ETF MUB US MUB BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.25% 53.1 340.9 8,322

SPDR Nuveen Bloomber Barclays Short Term Municipal Bond ETF SHM US SHM State Street ETF 1L (P) NYSE Arca DM North America US S IG N 0.20% 14.5 63.3 3,459

SPDR Nuveen Bloomber Barclays Municipal Bond ETF TFI US TFI State Street ETF 1L (P) NYSE Arca DM North America US B IG N 0.23% 14.4 150.8 2,412

VanEck Vectors High-Yield Municipal Index ETF HYD US HYD VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B HY N 0.35% 16.5 263.6 2,147

VanEck Vectors AMT-Free Intermediate Municipal Index ETF ITM US ITM VanEck Vectors ETF 1L (P) NYSE Arca DM North America US M IG N 0.24% 9.3 38.2 1,618

PowerShares Insured National Municipal Bond Portfolio PZA US PZA PowerShares ETF 1L (P) NYSE Arca DM North America US B IG N 0.28% 6.1 37.0 1,495

iShares Short-Term National Muni Bond ETF SUB US SUB BlackRock ETF 1L (P) NYSE Arca DM North America US S IG N 0.25% 7.0 58.3 1,491

Vanguard Tax-Exempt Bond Index ETF VTEB US VTEB.K Vanguard ETF 1L (P) NYSE Arca DM North America US B IG N 0.09% 13.4 288.6 1,293

PowerShares Taxable Municipal Bond Portfolio BAB US BAB PowerShares ETF 1L (P) NYSE Arca DM North America US B M N 0.28% 3.3 (11.8) 967

iShares California AMT-Free Muni Bond ETF CMF US CMF BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.25% 3.1 35.3 771

SPDR Nuveen S&P High Yield Municipal Bond ETF HYMB US HYMB.K State Street ETF 1L (P) NYSE Arca DM North America US B HY N 0.50% 4.5 45.7 607

iShares Agency Bond ETF AGZ US AGZ BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.20% 4.3 (159.2) 477

iShares New York AMT-Free Muni Bond ETF NYF US NYF BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.25% 0.8 11.1 267

PIMCO Intermediate Municipal Bond Exchange-Traded Fund MUNI US MUNI.K PIMCO ETF 1L (A) NYSE Arca DM North America US M IG N 0.35% 1.0 - 260

VanEck Vectors AMT-Free Short Municipal Index ETF SMB US SMB VanEck Vectors ETF 1L (P) NYSE Arca DM North America US S IG N 0.20% 1.1 (20.2) 248

iBonds Sep 2018 Term Muni Bond ETF IBMG US IBMG.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.7 7.6 197

iBonds Sep 2019 Term Muni Bond ETF IBMH US IBMH.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.7 23.0 196

iBonds Sep 2020 Term Muni Bond ETF IBMI US IBMI.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.8 23.1 196

iBonds Sep 2017 Term Muni Bond ETF IBMF US IBMF.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.6 (15.0) 195

PowerShares Insured California Municipal Bond Portfolio PWZ US PWZ PowerShares ETF 1L (P) NYSE Arca DM North America US B IG N 0.28% 1.0 11.7 187

iShares GNMA Bond ETF GNMA US GNMA.O BlackRock ETF 1L (P) Nasdaq DM North America US B IG N 0.15% 0.7 2.5 174

VanEck Vectors AMT-Free Long Municipal Index ETF MLN US MLN VanEck Vectors ETF 1L (P) NYSE Arca DM North America US L IG N 0.24% 1.2 17.7 170

First Trust Managed Municipal ETF FMB US FMB.O First Trust ETF 1L (A) Nasdaq DM North America US B IG N 0.65% 1.0 26.1 145

iBonds Dec 2021 Term Muni Bond ETF IBMJ US IBMJ.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.6 19.3 133

iBonds Dec 2022 Term Muni Bond ETF IBMK US IBMK.K BlackRock ETF 1L (P) NYSE Arca DM North America US M IG N 0.18% 0.5 19.5 123

VanEck Vectors Short High-Yield Municipal Index ETF SHYD US SHYD.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US S HY N 0.35% 0.4 0.0 118

VanEck Vectors CEF Municipal Income ETF XMPT US XMPT.K VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B M N 0.40% 0.4 10.7 92

PowerShares VRDO Tax-Free Weekly Portfolio PVI US PVI PowerShares ETF 1L (P) NYSE Arca DM North America US B M N 0.25% 0.2 1.2 81

PIMCO Short Term Municipal Bond Exchange-Traded Fund SMMU US SMMU.K PIMCO ETF 1L (A) NYSE Arca DM North America US S IG N 0.35% 0.2 - 66

PowerShares Insured New York Municipal Bond Portfolio PZT US PZT PowerShares ETF 1L (P) NYSE Arca DM US B IG N 0.28% 0.2 - 65


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Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF RVNU US RVNU.K Deutsche AM ETF 1L (P) NYSE Arca DM North America US B IG N 0.30% 0.1 (0.0) 60

iShares Short Maturity Municipal Bond ETF MEAR US MEAR.Z BlackRock ETF 1L (A) BATS DM North America US S IG N 0.25% 0.2 - 37

Virtus Cumberland Municipal Bond ETF CUMB US CUMB.K Virtus Investment ETF 1L (A) NYSE Arca DM North America US B IG N 0.59% 0.1 (1.3) 23

VanEck Vectors Pre-Refunded Municipal Index ETF PRB US PRB VanEck Vectors ETF 1L (P) NYSE Arca DM North America US B IG N 0.24% 0.0 - 15

First Trust Municipal CEF Income Opportunity ETF MCEF US MCEF.O First Trust ETF 1L (A) Nasdaq DM North America US B M N 0.75% 0.1 3.8 12

First Trust California Municipal High Income ETF FCAL US FCAL.O First Trust ETF 1L (A) Nasdaq DM North America US B M N 0.50% 0.0 10.0 10

iBonds Dec 2023 Term Muni Bond ETF IBML US IBML.Z BlackRock ETF 1L (P) BATS DM North America US M IG N 0.18% 0.2 6.3 6

Columbia Intermediate Municipal Bond ETF GMMB US GMMB.K Columbia Management ETF 1L (A) NYSE Arca DM North America US B IG N 0.52% 0.0 - 5

VanEck Vectors AMT-Free 12-17 Year Intermediate Municipal Index ETF ITML US ITML.Z VanEck Vectors ETF 1L (P) BATS DM North America US L IG N 0.24% 0.0 - 5

VanEck Vectors AMT-Free 6-8 Year Municipal Index ETF ITMS US ITMS.Z ETF 1L (P) BATS DM North America US M IG N 0.24% 0.0 (1.2) 4

Collateralized Debt

ProShares USD Covered Bond COBO US COBO.K ProShares ETF 1L (P) NYSE Arca DM Global ex US Overall M IG N 0.35% 0.0 - 7

iShares MBS ETF MBB US MBB BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.29% 58.6 (96.7) 10,172

Vanguard Mortgage-Backed Securities ETF VMBS US VMBS.O Vanguard ETF 1L (P) Nasdaq DM North America US M IG N 0.07% 22.3 428.4 4,111

First Trust Low Duration Opportunities ETF LMBS US LMBS.O First Trust ETF 1L (A) Nasdaq DM North America US S IG N 0.65% 5.9 127.6 612

iShares CMBS ETF CMBS US CMBS.K BlackRock ETF 1L (P) NYSE Arca DM North America US B IG N 0.25% 1.4 10.2 239

SPDR Bloomberg Barclays Mortgage Backed Bond ETF MBG US MBG State Street ETF 1L (P) NYSE Arca DM North America US B IG N 0.24% 0.9 (100.3) 226

FlexShares Disciplined Duration MBS Index Fund MBSD US MBSD.O FlexShares ETF 1L (P) Nasdaq DM North America US B IG N 0.20% 0.2 (0.0) 35


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COMMODITY ETPs

ETP NameBBG

TickerIssuer

Structure &

StrategyExchange Sector Sub Sector

Exposure

TypeTER

ADV

$MM

Net

Flows

$MM

AUM

$MM

Overall

PowerShares DB Commodity Index Tracking Fund DBC US DBC PowerShares ETV 1L (P) NYSE Arca Overall Overall Futures 0.89% 28.5 (348.8) 1,786

iShares S&P GSCI Commodity-Indexed Trust GSG US GSG BlackRock ETV 1L (P) NYSE Arca Overall Overall Futures 0.75% 7.6 75.8 1,086

United States Commodity Index Fund USCI US USCI.K United States Commodity Funds ETV 1L (P) NYSE Arca Overall Overall Futures 1.11% 2.8 (58.9) 479

PowerShares Optimum Yield Diversified Commodity Strategy No K-1

Portfolio

PDBC US PDBC.O PowerShares ETF 1L (A) Nasdaq Overall Overall Futures 0.59% 6.3 (136.8) 437

iShares Commodities Select Strategy ETF COMT US COMT.O BlackRock ETF 1L (A) Nasdaq Overall Overall Futures 0.48% 2.4 41.0 198

WisdomTree Continuous Commodity Index Fund GCC US GCC WisdomTree ETV 1L (P) NYSE Arca Overall Overall Futures 0.85% 1.0 (24.5) 165

First Trust Global Tactical Commodity Strategy Fund FTGC US FTGC.O First Trust ETF 1L (A) Nasdaq Overall Overall Futures 0.95% 1.3 24.1 147

ETFS Bloomberg All Commodity Strategy K-1 Free ETF BCI US BCI ETF Securities ETF 1L (A) NYSE Arca Overall Overall Futures 0.29% 0.5 41.0 45

iShares Commodity Optimized Trust CMDT US CMDT.K BlackRock ETV 1L (P) NYSE Arca Overall Overall Futures 0.75% 0.2 - 23

Direxion Auspice Broad Commodity Strategy ETF COM US COM.K DirexionShares ETF 1L (A) NYSE Arca Overall Overall Futures 0.70% 0.0 - 14

Elkhorn Fundamental Commodity Strategy ETF RCOM US RCOM.Z Elkhorn Investments LLC ETF 1L (A) BATS Overall Overall Futures 0.75% 0.0 1.2 10

ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF BCD US BCD ETF Securities ETF 1L (A) NYSE Arca Overall Overall Futures 0.29% 0.1 1.2 4

Elkhorn Commodity Rotation Strategy ETF DWAC US DWAC.O Elkhorn Investments LLC ETF 1L (A) Nasdaq Overall Overall Futures 0.99% 0.0 - 2

GraniteShares Bloomberg Commodity Broad Strategy no K-1 ETF COMB US COMB.K GraniteShares ETF 1L (A) NYSE Arca Overall Overall Futures 0.25% 0.0 2.6 2

GraniteShares S&P GSCI Commodity Broad Strategy no K-1 ETF COMG US COMG.K GraniteShares ETF 1L (A) NYSE Arca Overall Overall Futures 0.35% 0.0 2.6 2

Agriculture

Teucrium Corn Fund CORN US CORN.K Teucrium Trading ETV 1L (P) NYSE Arca Agriculture Corn Futures 2.89% 1.2 (2.4) 67

PowerShares DB Agriculture Fund DBA US DBA PowerShares ETV 1L (P) NYSE Arca Agriculture Overall Futures 0.89% 8.5 (35.3) 694

United States Agriculture Index Fund USAG US USAG.K United States Commodity Funds ETV 1L (P) NYSE Arca Agriculture Overall Futures 0.80% 0.0 - 2

Teucrium Agricultural Fund TAGS US TAGS.K Teucrium Trading ETV 1L (P) NYSE Arca Agriculture Overall Futures 0.50% 0.0 - 1

Teucrium Soybean Fund SOYB US SOYB.K Teucrium Trading ETV 1L (P) NYSE Arca Agriculture Soybean Futures 3.41% 0.4 0.9 12

Teucrium Sugar Fund CANE US CANE.K Teucrium Trading ETV 1L (P) NYSE Arca Agriculture Sugar Futures 1.79% 0.3 5.3 8

Teucrium Wheat Fund WEAT US WEAT.K Teucrium Trading ETV 1L (P) NYSE Arca Agriculture Wheat Futures 3.34% 1.3 6.6 78

Energy

United States Oil Fund LP USO US USO United States Commodity Funds ETV 1L (P) NYSE Arca Energy Crude Oil Futures 0.72% 299.9 476.2 3,222

ProShares Ultra DJ-UBS Crude Oil UCO US UCO ProShares ETV 2L (P) NYSE Arca Energy Crude Oil Futures 0.95% 119.0 203.1 966

PowerShares DB Oil Fund DBO US DBO PowerShares ETV 1L (P) NYSE Arca Energy Crude Oil Futures 0.78% 4.3 23.0 401

ProShares UltraShort DJ-UBS Crude Oil SCO US SCO ProShares ETV 2S (P) NYSE Arca Energy Crude Oil Futures 0.95% 63.7 (133.8) 117


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ETP NameBBG

TickerRIC Issuer

Structure &

StrategyExchange Sector Sub Sector

Exposure

TypeTER

ADV

$MM

Net

Flows

$MM

AUM

$MM

United States Brent Oil Fund BNO US BNO United States Commodity Funds ETV 1L (P) NYSE Arca Energy Crude Oil Futures 0.90% 2.8 21.4 115

United States 12 Month Oil Fund LP USL US USL United States Commodity Funds ETV 1L (P) NYSE Arca Energy Crude Oil Futures 0.79% 1.5 15.8 114

ProShares UltraPro 3x Crude Oil ETF OILU US OILU.K ProShares ETF 3L (P) NYSE Arca Energy Crude Oil Futures 0.95% 2.1 17.4 21

United States Short Oil Fund DNO US DNO United States Commodity Funds ETV 1S (P) NYSE Arca Energy Crude Oil Futures 0.75% 0.5 (0.4) 11

ProShares UltraPro 3x Short Crude Oil ETF OILD US OILD.K ProShares ETF 3S (P) NYSE Arca Energy Crude Oil Futures 0.95% 1.6 (1.1) 5

ProShares K-1 Free Crude Oil Strategy ETF OILK US OIL.Z ProShares ETF 1L (A) BATS Energy Crude Oil Futures 0.65% 0.1 (0.9) 2

United States Gasoline Fund UGA US UGA United States Commodity Funds ETV 1L (P) NYSE Arca Energy Gasoline Futures 0.75% 1.1 7.2 63

United States Diesel-Heating Oil Fund UHN US UHN United States Commodity Funds ETV 1L (P) NYSE Arca Energy Heating Oil Futures 0.75% 0.0 (2.3) 3

United States Natural Gas Fund LP UNG US UNG United States Commodity Funds ETV 1L (P) NYSE Arca Energy Natural Gas Futures 1.27% 51.8 23.0 448

ProShares Ultra DJ-UBS Natural Gas BOIL US BOIL.K ProShares ETV 2L (P) NYSE Arca Energy Natural Gas Futures 0.95% 2.7 4.7 44

United States 12 Month Natural Gas Fund UNL US UNL United States Commodity Funds ETV 1L (P) NYSE Arca Energy Natural Gas Futures 0.90% 0.1 (1.6) 10

ProShares UltraShort DJ-UBS Natural Gas KOLD US KOLD.K ProShares ETV 2S (P) NYSE Arca Energy Natural Gas Futures 0.95% 1.3 (1.6) 7

PowerShares DB Energy Fund DBE US DBE PowerShares ETV 1L (P) NYSE Arca Energy Overall Futures 0.78% 2.9 (34.4) 100

ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF BEF US BEF ETF Securities ETF 1L (A) NYSE Arca Energy Overall Futures 0.39% 0.0 1.2 3

Industrial Metals

United States Copper Index Fund CPER US CPER.K United States Commodity Funds ETV 1L (P) NYSE Arca Industrial Metals Copper Futures 0.80% 0.1 (1.7) 13

PowerShares DB Base Metals Fund DBB US DBB PowerShares ETV 1L (P) NYSE Arca Industrial Metals Overall Futures 0.82% 4.1 (68.9) 209

Precious Metals

SPDR Gold Shares GLD US GLD State Street ETV 1L (P) NYSE Arca Precious Metals Gold Physical 0.40% 931.5 870.1 34,037

iShares Gold Trust IAU US IAU BlackRock ETV 1L (P) NYSE Arca Precious Metals Gold Physical 0.25% 88.5 434.4 8,402

ETFS Physical Swiss Gold Shares SGOL US SGOL.P ETF Securities ETV 1L (P) NYSE Arca Precious Metals Gold Physical 0.39% 3.7 6.4 1,018

PowerShares DB Gold Fund DGL US DGL PowerShares ETV 1L (P) NYSE Arca Precious Metals Gold Futures 0.78% 4.8 9.7 151

VanEck Merk Gold Trust OUNZ US OUNZ.K VanEck Vectors ETF 1L (P) NYSE Arca Precious Metals Gold Physical 0.40% 0.3 0.1 127

ProShares Ultra Gold UGL US UGL ProShares ETV 2L (P) NYSE Arca Precious Metals Gold Futures 0.95% 1.5 (7.7) 89

ProShares UltraShort Gold GLL US GLL ProShares ETV 2S (P) NYSE Arca Precious Metals Gold Futures 0.95% 2.3 3.4 38

SPDR Long Dollar Gold Trust GLDW US GLDW.K State Street ETF 1L (P) NYSE Arca Precious Metals Gold Physical 0.50% 0.2 - 26

AdvisorShares Gartman Gold/Yen ETF GYEN US GYEN.K AdvisorShares Trust ETF 1L (A) NYSE Arca Precious Metals Gold Futures 0.65% 0.1 (0.6) 15

AdvisorShares Gartman Gold/Euro ETF GEUR US GEUR.K AdvisorShares Trust ETF 1L (A) NYSE Arca Precious Metals Gold Futures 0.65% 0.1 (1.8) 15

ETFS Physical Precious Metal Basket Shares GLTR US GLTR.P ETF Securities ETV 1L (P) NYSE Arca Precious Metals Overall Physical 0.60% 1.5 22.0 323

PowerShares DB Precious Metals Fund DBP US DBP PowerShares ETV 1L (P) NYSE Arca Precious Metals Overall Futures 0.78% 1.2 0.8 156

ETFS Physical Palladium Shares PALL US PALL.P ETF Securities ETV 1L (P) NYSE Arca Precious Metals Palladium Physical 0.60% 2.6 (6.6) 205

ETFS Physical Platinum Shares PPLT US PPLT.P ETF Securities ETV 1L (P) NYSE Arca Precious Metals Platinum Physical 0.60% 4.6 (4.1) 502

iShares Silver Trust SLV US SLV BlackRock ETV 1L (P) NYSE Arca Precious Metals Silver Physical 0.50% 113.0 155.5 5,592

ETFS Physical Silver Shares SIVR US SIVR.K ETF Securities ETV 1L (P) NYSE Arca Precious Metals Silver Physical 0.30% 1.8 9.0 335

ProShares Ultra Silver AGQ US AGQ ProShares ETV 2L (P) NYSE Arca Precious Metals Silver Futures 0.95% 6.3 (7.9) 246

ProShares UltraShort Silver ZSL US ZSL ProShares ETV 2S (P) NYSE Arca Precious Metals Silver Futures 0.95% 1.8 1.5 23

PowerShares DB Silver Fund DBS US DBS PowerShares ETV 1L (P) NYSE Arca Precious Metals Silver Futures 0.79% 0.2 (4.9) 21


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CURRENCY ETPs

ETP Name BBG Ticker IssuerStructure &

StrategyExchange Sector Sub Sector TER

ADV

$MM

Net

Flows

$MM

AUM

$MM

Currency Exposure - Broad

PowerShares DB US Dollar Index Bullish Fund UUP US UUP PowerShares ETV 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.80% 24.9 (166.7) 540

WisdomTree Bloomberg U.S. Dollar Bullish Fund USDU US USDU.K WisdomTree ETF 1L (A) NYSE Arca Currency Exposure - Broad Overall 0.50% 1.5 (34.7) 152

WisdomTree Emerging Currency Strategy Fund CEW US CEW WisdomTree ETF 1L (A) NYSE Arca Currency Exposure - Broad Overall 0.55% 0.1 1.9 48

PowerShares DB G10 Currency Harvest DBV US DBV PowerShares ETV 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.80% 0.4 5.0 44

PowerShares DB US Dollar Index Bearish Fund UDN US UDN PowerShares ETV 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.80% 0.5 4.3 44

Currency Exposure - Pair

CurrencyShares Euro Currency Trust FXE US FXE Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair EURUSD 0.40% 69.5 126.9 370

ProShares UltraShort Euro EUO US EUO ProShares ETV 2S (P) NYSE Arca Currency Exposure - Pair EURUSD 0.95% 5.0 (25.2) 237

ProShares Ultra Euro ULE US ULE ProShares ETV 2L (P) NYSE Arca Currency Exposure - Pair EURUSD 0.95% 0.7 (2.6) 13

ProShares Short Euro EUFX US EUFX.K ProShares ETV 1S (P) NYSE Arca Currency Exposure - Pair EURUSD 0.95% 0.1 (4.3) 10

CurrencyShares British Pound Sterling Trust FXB US FXB Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair GBPUSD 0.40% 13.5 (44.1) 259

ProShares UltraShort Yen YCS US YCS ProShares ETV 2S (P) NYSE Arca Currency Exposure - Pair JPYUSD 0.95% 4.1 (54.2) 170

CurrencyShares Japanese Yen Trust FXY US FXY Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair JPYUSD 0.40% 14.8 12.8 116

ProShares Ultra Yen YCL US YCL ProShares ETV 2L (P) NYSE Arca Currency Exposure - Pair JPYUSD 0.95% 0.1 - 6

CurrencyShares Singapore Dollar Trust FXSG US FXSG.K Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair SGDUSD 0.40% 0.0 - 4

CurrencyShares Australian Dollar Trust FXA US FXA Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair USDAUD 0.40% 1.7 (3.7) 169

ProShares UltraShort Australian Dollar CROC US CROC.K ProShares ETF 2S (P) NYSE Arca Currency Exposure - Pair USDAUD 0.95% 0.1 (2.5) 12

WisdomTree Brazilian Real Strategy Fund BZF US BZF WisdomTree ETF 1L (A) NYSE Arca Currency Exposure - Pair USDBRL 0.45% 0.2 - 21

CurrencyShares Canadian Dollar Trust FXC US FXC Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair USDCAD 0.40% 5.0 3.8 186

CurrencyShares Swiss Franc FXF US FXF Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair USDCHF 0.40% 1.5 (0.1) 154

WisdomTree Chinese Yuan Strategy Fund CYB US CYB WisdomTree ETF 1L (A) NYSE Arca Currency Exposure - Pair USDCNY 0.45% 0.2 - 37

CurrencyShares Chinese Renminbi Trust FXCH US FXCH.K Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair USDCNY 0.40% 0.0 - 7

CurrencyShares Swedish Krona Trust FXS US FXS Guggenheim Investments ETV 1L (P) NYSE Arca Currency Exposure - Pair USDSEK 0.40% 0.1 - 23


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MULTI ASSET ETPs



ADV

$MM

Net

Flows

$MM

AUM

$MM

Target Risk

iShares Core Growth Allocation ETF AOR US AOR BlackRock ETF 1L (P) NYSE Arca Target Risk Aggressive 0.27% 3.0 51.6 1,001

iShares Core Aggressive Allocation ETF AOA US AOA BlackRock ETF 1L (P) NYSE Arca Target Risk Aggressive 0.25% 2.9 81.3 670

SPDR SSgA Global Allocation ETF GAL US GAL State Street ETF 1L (A) NYSE Arca Target Risk Aggressive 0.35% 0.7 5.3 208

SPDR SSgA Multi-Asset Real Return ETF RLY US RLY State Street ETF 1L (A) NYSE Arca Target Risk Aggressive 0.70% 0.4 6.1 115

iShares Core Conservative Allocation ETF AOK US AOK BlackRock ETF 1L (P) NYSE Arca Target Risk Conservative 0.23% 2.0 49.0 385

IQ CPI Inflation Hedged ETF CPI US CPI IndexIQ Advisors ETF 1L (P) NYSE Arca Target Risk Conservative 0.65% 0.1 - 29

Tuttle Tactical Management Multi-Strategy Income ETF TUTI US TUTI.O Virtus Investment ETF 1L (A) Nasdaq Target Risk Conservative 0.90% 0.3 (10.3) 11

WisdomTree Global Real Return Fund RRF US RRF WisdomTree ETF 1L (A) NYSE Arca Target Risk Conservative 0.65% 0.1 - 4

PowerShares Moderately Conservative Multi-Asset Allocation Portfolio PSMM US PSMM.Z PowerShares ETF 1L (A) BATS Target Risk Conservative 0.38% 0.0 - 1

PowerShares Conservative Multi-Asset Allocation Portfolio PSMC US PSMC.Z PowerShares ETF 1L (A) BATS Target Risk Conservative 0.37% 0.0 - 1

First Trust Multi-Asset Diversified Income Index Fund MDIV US MDIV.O First Trust ETF 1L (P) Nasdaq Target Risk Moderate 0.60% 2.2 5.9 879

iShares Core Moderate Allocation ETF AOM US AOM BlackRock ETF 1L (P) NYSE Arca Target Risk Moderate 0.23% 3.0 71.9 719

PowerShares CEF Income Composite Portfolio PCEF US PCEF.K PowerShares ETF 1L (P) NYSE Arca Target Risk Moderate 0.50% 2.4 12.0 697

Guggenheim Multi-Asset Income ETF CVY US CVY Guggenheim Investments ETF 1L (P) NYSE Arca Target Risk Moderate 0.82% 1.2 (34.4) 352

iShares Morningstar Multi-Asset Income ETF IYLD US IYLD.Z BlackRock ETF 1L (P) BATS Target Risk Moderate 0.60% 1.2 17.9 329

First Trust Dorsey Wright Dynamic Focus 5 ETF FVC US FVC.O First Trust ETF 1L (P) Nasdaq Target Risk Moderate 0.79% 1.2 25.1 320

Principal Edge Active Income ETF YLD US YLD Principal Financial Group ETF 1L (A) NYSE Arca Target Risk Moderate 0.85% 0.1 2.1 286

WBI Tactical High Income Shares WBIH US WBIH.K Millington Securities ETF 1L (A) NYSE Arca Target Risk Moderate 1.08% 2.0 85.0 269

YieldShares High Income ETF YYY US YYY Exchange Traded Concepts ETF 1L (P) NYSE Arca Target Risk Moderate 0.86% 1.4 27.3 181

WBI Tactical Income Shares WBII US WBII.K Millington Securities ETF 1L (A) NYSE Arca Target Risk Moderate 1.05% 1.9 (82.7) 162

PowerShares DWA Tactical Multi-Asset Income Portfolio DWIN US DWIN.O PowerShares ETF 1L (P) Nasdaq Target Risk Moderate 0.25% 0.5 4.2 120

First Trust Strategic Income ETF FDIV US FDIV.O First Trust ETF 1L (A) Nasdaq Target Risk Moderate 0.87% 0.5 5.1 102

Hull Tactical US ETF HTUS US HTUS.K Exchange Traded Concepts ETF 1LS (A) NYSE Arca Target Risk Moderate 0.95% 0.3 - 101

Arrow Dow Jones Global Yield ETF GYLD US GYLD.K ArrowShares ETF 1L (P) NYSE Arca Target Risk Moderate 0.75% 0.3 (2.8) 97

SPDR SSgA Income Allocation ETF INKM US INKM.K State Street ETF 1L (A) NYSE Arca Target Risk Moderate 0.70% 0.2 (6.5) 95

Cambria Global Momentum ETF GMOM US GMOM.K Cambria Funds ETF 1L (A) NYSE Arca Target Risk Moderate 0.59% 0.3 14.8 70

QuantX Risk Managed Multi-Asset Total Return ETF QXTR US QXTR.Z Blue Sky Asset Management ETF 1L (P) BATS Target Risk Moderate 1.25% 0.0 0.1 69

Cambria Global Asset Allocation ETF GAA US GAA Cambria Funds ETF 1L (A) NYSE Arca Target Risk Moderate 0.00% 0.1 5.2 40


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ADV

$MM

Net

Flows

$MM

AUM

$MM

IQ Leaders GTAA Tracker ETF QGTA US QGTA.K IndexIQ Advisors ETF 1L (P) NYSE Arca Target Risk Moderate 0.45% 0.0 0.0 35

First Trust CEF Income Opportunity ETF FCEF US FCEF.O First Trust ETF 1L (A) Nasdaq Target Risk Moderate 0.85% 0.3 9.5 28

ClearShares Ocio ETF OCIO US OCIO.K ClearBrook Global Advisors ETF 1L (A) NYSE Arca Target Risk Moderate 0.55% 0.4 26.3 26

AdvisorShares Meidell Tactical Advantage ETF MATH US MATH.K AdvisorShares Trust ETF 1L (A) NYSE Arca Target Risk Moderate 0.95% 0.0 (1.5) 14

Saba Closed-End Funds ETF CEFS US CEFS.Z Saba Capital ETF 1L (A) BATS Target Risk Moderate 1.12% 0.2 8.2 12

QuantX Risk Managed Multi-Asset Income ETF QXMI US QXMI.Z Blue Sky Asset Management ETF 1L (P) BATS Target Risk Moderate 0.79% 0.0 0.0 12

EquityCompass Tactical Risk Manager ETF TERM US TERM.K First Trust ETF 1L (A) NYSE Arca Target Risk Moderate 0.65% 0.2 11.1 11

iSectors Post-MPT Growth ETF PMPT US PMPT.O Virtus Investment ETF 1L (A) Nasdaq Target Risk Moderate 0.95% 0.0 1.3 11

Premise Capital Frontier Advantage Diversified Tactical ETF TCTL US TCTL.Z Premise Capital ETF 1L (P) BATS Target Risk Moderate 0.85% 0.1 2.7 11

Master Income ETF HIPS US HIPS.K Exchange Traded Concepts ETF 1L (P) NYSE Arca Target Risk Moderate 0.95% 0.1 0.9 10

First Trust International Multi-Asset Diversified Income Index Fund YDIV US YDIV.O First Trust ETF 1L (P) Nasdaq Target Risk Moderate 0.70% 0.0 - 10

QuantX Risk Managed Real Return ETF QXRR US QXRR.Z Blue Sky Asset Management ETF 1L (P) BATS Target Risk Moderate 0.95% 0.0 0.0 10

Arrow DWA Tactical ETF DWAT US DWAT.O ArrowShares ETF 1LS (A) Nasdaq Target Risk Moderate 1.22% 0.0 (2.2) 8

Global X Permanent ETF PERM US PERM.K Global X Funds ETF 1L (P) NYSE Arca Target Risk Moderate 0.48% 0.0 - 8

CWA Income ETF CWAI US CWAI.Z StrongerVest Global ETF 1L (A) BATS Target Risk Moderate 0.75% 0.1 3.8 6

Global X JPMorgan Efficiente Index ETF EFFE US EFFE.K Global X Funds ETF 1L (P) NYSE Arca Target Risk Moderate 0.69% 0.0 (2.5) 5

EquityCompass Risk Manager ETF ERM US ERM First Trust ETF 1L (A) NYSE Arca Target Risk Moderate 0.65% 0.1 5.0 5

PowerShares Growth Multi-Asset Allocation Portfolio PSMG US PSMG.Z PowerShares ETF 1L (A) BATS Target Risk Moderate 0.39% 0.0 - 1

PowerShares Balanced Multi-Asset Allocation Portfolio PSMB US PSMB.Z PowerShares ETF 1L (A) BATS Target Risk Moderate 0.39% 0.0 - 1


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ALTERNATIVES ETPs



ADV

$MM

Net

Flows

$MM

AUM

$MM

Hedge Fund

IQ ARB Merger Arbitrage ETF MNA US MNA IndexIQ Advisors ETF 1L (P) NYSE Arca Hedge Fund Event Driven 0.75% 1.7 57.4 236

ProShares Merger ETF MRGR US MRGR.Z ProShares ETF 1L (P) BATS Hedge Fund Event Driven 0.75% 0.0 0.9 4

IQ Hedge Event-Driven Tracker ETF QED US QED IndexIQ Advisors ETF 1L (P) NYSE Arca Hedge Fund Event Driven 0.75% 0.0 0.0 3

ProShares Large Cap Core Plus CSM US CSM ProShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.45% 2.5 24.5 641

WisdomTree Dynamic Long/Short U.S. Equity Fund DYLS US DYLS.Z WisdomTree ETF 1LS (P) BATS Hedge Fund Long/Short 0.48% 0.4 11.8 53

AlphaClone Alternative Alpha ETF ALFA US ALFA.K Exchange Traded Concepts ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.95% 0.1 (4.0) 28

Alpha Architect Value Momentum Trend ETF VMOT US VMOT.Z Empowered Funds ETF 1L (P) BATS Hedge Fund Long/Short 0.45% 0.5 23.8 24

ProShares RAFI Long/Short RALS US RALS.K ProShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.95% 0.4 (16.1) 23

QuantShares U.S. Market Neutral Anti-Beta Fund BTAL US BTAL.K QuantShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.81% 0.0 2.0 10

IQ Hedge Long/Short Tracker ETF QLS US QLS IndexIQ Advisors ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.75% 0.0 2.0 4

Reality Shares DIVCON Dividend Guard ETF GARD US GARD.Z Reality Shares ETF 1LS (P) BATS Hedge Fund Long/Short 0.95% 0.0 - 3

Reality Shares DIVCON Dividend Defender ETF DFND US DFND.Z Reality Shares ETF 1LS (P) BATS Hedge Fund Long/Short 0.95% 0.0 - 3

QuantShares U.S. Market Neutral Momentum Fund MOM US MOM QuantShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.81% 0.0 - 2

QuantShares U.S. Market Neutral Size Fund SIZ US SIZ QuantShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.81% 0.0 - 2

QuantShares U.S. Market Neutral Value Fund CHEP US CHEP.K QuantShares ETF 1LS (P) NYSE Arca Hedge Fund Long/Short 0.81% 0.0 (1.3) 1

WisdomTree Managed Futures Strategy Fund WDTI US WDTI.K WisdomTree ETF 1L (A) NYSE Arca Hedge Fund Managed Futures 0.95% 1.3 (4.1) 168

First Trust Morningstar Managed Futures Strategy Fund FMF US FMF First Trust ETF 1L (A) NYSE Arca Hedge Fund Managed Futures 0.95% 0.1 2.3 11

First Trust Alternative Absolute Return Strategy ETF FAAR US FAAR.O First Trust ETF 1LS (A) Nasdaq Hedge Fund Managed Futures 0.95% 0.1 2.9 7

ProShares Managed Futures Strategy ETF FUT US FUT.Z ProShares ETF 1LS (A) BATS Hedge Fund Managed Futures 0.75% 0.0 1.0 5

IQ Hedge Market Neutral Tracker ETF QMN US QMN IndexIQ Advisors ETF 1LS (P) NYSE Arca Hedge Fund Market Neutral 0.75% 0.0 - 11

IQ Hedge Multi-Strategy Tracker ETF QAI US QAI IndexIQ Advisors ETF 1L (P) NYSE Arca Hedge Fund Overall 0.75% 4.1 (45.1) 1,066

WisdomTree Cboe S&P 500 Putwrite Strategy Fund PUTW US PUTW.K WisdomTree ETF 1LS (P) NYSE Arca Hedge Fund Overall 0.38% 2.3 112.5 178

First Trust Long/Short Equity ETF FTLS US FTLS.K First Trust ETF 1LS (A) NYSE Arca Hedge Fund Overall 0.99% 0.5 (7.1) 110

JPMorgan Diversified Alternatives ETF JPHF US JPHF.K JPMorgan ETF 1LS (A) NYSE Arca Hedge Fund Overall 0.80% 0.4 23.3 83

ProShares Hedge Replication ETF HDG US HDG ProShares ETF 1L (P) NYSE Arca Hedge Fund Overall 0.95% 0.3 5.5 41

ProShares Morningstar Alternatives Solution ETF ALTS US ALTS.K ProShares ETF 1L (P) NYSE Arca Hedge Fund Overall 0.18% 0.4 (1.2) 14

QuantShares Hedged Dividend Income Fund DIVA US DIVA.K QuantShares ETF 1LS (P) NYSE Arca Hedge Fund Overall 0.99% 0.0 7.7 11

Global X SuperDividend Alternatives ETF ALTY US ALTY.O Global X Funds ETF 1L (P) Nasdaq Hedge Fund Overall 0.75% 0.1 - 9


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$MM

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$MM

IQ Hedge Macro Tracker ETF MCRO US MCRO.K IndexIQ Advisors ETF 1L (P) NYSE Arca Hedge Fund Overall 0.75% 0.0 - 6

WisdomTree Dynamic Bearish U.S. Equity Fund DYB US DYB.Z WisdomTree ETF 1LS (P) BATS Hedge Fund Overall 0.48% 0.0 1.3 5

PowerShares Multi-Strategy Alternative Portfolio LALT US LALT.O PowerShares ETF 1LS (A) Nasdaq Hedge Fund Overall 0.96% 0.1 (2.2) 4

Private Equity

PowerShares Global Listed Private Equity Portfolio PSP US PSP PowerShares ETF 1L (P) NYSE Arca Private Equity Overall 2.19% 1.7 2.6 290

VanEck Vectors BDC Income ETF BIZD US BIZD.K VanEck Vectors ETF 1L (P) NYSE Arca Private Equity Overall 9.45% 1.2 31.5 197

ProShares Global Listed Private Equity ETF PEX US PEX.Z ProShares ETF 1L (P) BATS Private Equity Overall 3.13% 0.2 (3.1) 12

Volatility

ProShares Short VIX Short-Term Futures ETF SVXY US SVXY.K ProShares ETV 1S (P) NYSE Arca Volatility Equity 0.95% 472.9 194.4 833

ProShares Ultra VIX Short-Term Futures ETF UVXY US UVXY.K ProShares ETV 2L (P) NYSE Arca Volatility Equity 0.95% 439.7 131.6 372

ProShares VIX Short-Term Futures ETF VIXY US VIXY.K ProShares ETV 1L (P) NYSE Arca Volatility Equity 0.85% 29.1 52.2 162

ProShares VIX Mid-Term Futures ETF VIXM US VIXM.K ProShares ETV 1L (P) NYSE Arca Volatility Equity 0.85% 0.7 (2.5) 31

REX VolMAXX Inverse VIX Weekly Futures Strategy ETF VMIN US VMIN.Z Exchange Traded Concepts ETF 1S (P) BATS Volatility Equity 0.50% 1.0 10.0 20

First Trust CBOE S&P 500 VIX Tail Hedge Fund VIXH US VIXH.K First Trust ETF 1L (P) NYSE Arca Volatility Equity 0.60% 0.0 - 4

REX VolMAXX Long VIX Weekly Futures Strategy ETF VMAX US VMAX.Z Exchange Traded Concepts ETF 1L (P) BATS Volatility Equity 0.95% 0.1 1.8 3


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EXCHANGE-TRADED NOTES (ETNs)


StrategyExchange Sector / Investment Focus

Sub Sector / Sub

Investment FocusTER

ADV

$MMNet Flows $MM

AUM

$MM

Equity

Emerging Markets

iPath MSCI India Index ETN INP US INP Barclays Bank ETN 1L (P) NYSE Arca Emerging Markets Countries 0.89% 0.9 (28.8) 196

Developed Markets

UBS AG FI Enhanced Europe 50 ETN FIEE US FIEE.K UBS ETN 2L (P) NYSE Arca Developed Markets Broad Indices 0.95% 0.3 - 527

Sector

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN MORL US MORL.K UBS ETN 2L (P) NYSE Arca Sector Real Estate 0.40% 5.0 36.7 398

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B MRRL US MRRL.K UBS ETN 2L (P) NYSE Arca Sector Real Estate 0.40% 0.1 - 18

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN LRET US LRET.K UBS ETN 2L (P) NYSE Arca Sector Real Estate 0.85% 0.1 - 7

Style

ELEMENTS Dogs of the Dow Linked to the DJ High Yield Select TR Index DOD US DOD Deutsche Bank ETN 1L (P) NYSE Arca Style Dividend 0.75% 0.2 (0.6) 35

Strategy

ELEMENTS Linked to Morningstar Wide Moat Focus TR Index WMW US WMW Deutsche Bank ETN 1L (P) NYSE Arca Strategy Fundamental 0.75% 0.0 - 20

Barclays ETN+ FI Enhanced Global High Yield ETN FIGY US FIGY.K Barclays Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.64% 0.5 (29.3) 1,573

Credit Suisse FI Large Cap Growth Enhanced ETN FLGE US FLGE.K Credit Suisse ETN 2L (P) NYSE Arca Strategy Leveraged 0.85% 2.0 70.4 1,188

UBS AG FI Enhanced Large Cap Growth ETN FBGX US FBGX.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.85% 0.6 (14.4) 1,111

UBS AG FI Enhanced Global High Yield ETN FIHD US FIHD.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.80% 2.1 92.3 780

Barclays ETN+ FI Enhanced Europe 50 ETN FEEU US FEEU.K Barclays Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.76% 0.4 (8.9) 486

Credit Suisse FI Enhanced Europe 50 ETN FIEU US FIEU.K Credit Suisse ETN 2L (P) NYSE Arca Strategy Leveraged 0.05% 0.3 2.1 282

Barclays ETN+ FI Enhanced Europe 50 ETN Series B FLEU US FLEU.K Barclays Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.76% 0.9 45.6 116

ETRACS Monthly Pay 2xleveraged Dow Jones Select Dividend Index ETN DVYL US DVYL.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.35% 0.3 0.6 36

Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN REML US REML.K Credit Suisse ETN 2L (P) NYSE Arca Strategy Leveraged 1.30% 0.1 - 32

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN SMHD US SMHD.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.85% 0.4 3.2 26

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN HDLV US HDLV.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.85% 0.2 (3.1) 19

ETRACS Monthly Pay 2xleveraged S&P Dividend ETN SDYL US SDYL.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.30% 0.2 - 17

FI Enhanced Global High Yield ETN FIEG US FIEG.K Deutsche Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.10% 0.0 (2.3) 12

ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN SPLX US SPLX.K UBS ETN 2L (P) NYSE Arca Strategy Leveraged 0.85% 0.0 - 7

iPath Long Enhanced MSCI EAFE Index ETN MFLA US MFLA.K Barclays Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.80% - - 2

iPath Long Enhanced MSCI Emerging Markets Index ETN EMLB US EMLB.K Barclays Bank ETN 2L (P) NYSE Arca Strategy Leveraged 0.80% - (0.0) 2


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Sector / Investment

Focus

Sub Sector / Sub

Investment FocusTER

ADV

$MMNet Flows $MM

AUM

$MM

iPath Long Extended S&P 500 TR Index ETN SFLA US SFLA.K Barclays Bank ETN 3L (P) NYSE Arca Strategy Leveraged 0.35% - - 2

iPath Long Extended Russell 2000 TR Index ETN RTLA US RTLA.K Barclays Bank ETN 3L (P) NYSE Arca Strategy Leveraged 0.50% - - 2

iPath Long Extended Russell 1000 TR Index ETN ROLA US ROLA.K Barclays Bank ETN 3L (P) NYSE Arca Strategy Leveraged 0.50% - - 1

C-Tracks ETN Miller Howard Strategic Dividend Reinvestor DIVC US DIVC.K Citigroup ETN 1L (P) NYSE Arca Strategy Quantitative 0.70% 0.0 - 126

Barclays ETN+ Shiller CAPE ETN CAPE US CAPE.K Barclays Bank ETN 1L (P) NYSE Arca Strategy Quantitative 0.45% 0.5 11.4 72

iPath CBOE S&P 500 BuyWrite Index ETN BWV US BWV Barclays Bank ETN 1L (P) NYSE Arca Strategy Quantitative 0.75% 0.0 - 9

ELEMENTS Spectrum U.S. ETN EEH US EEH Swedish Export CC ETN 1L (P) NYSE Arca Strategy Quantitative 0.75% 0.0 (0.7) 1

Thematic

JP Morgan Alerian MLP Index ETN AMJ US AMJ JPMorgan ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 50.0 - 3,537

ETRACS Alerian MLP Infrastructure Index ETN MLPI US MLPI.K UBS ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 10.7 11.5 2,410

Barclays ETN+ Select MLP ETN ATMP US ATMP.K Barclays Bank ETN 1L (P) NYSE Arca Thematic Commodities 0.95% 1.3 6.8 484

ETRACS Alerian MLP Index ETN AMU US AMU UBS ETN 1L (P) NYSE Arca Thematic Commodities 0.80% 1.3 2.3 364

C-Tracks Miller/Howard MLP Fundamental Index ETN MLPC US MLPC.K Citigroup ETN 1L (P) NYSE Arca Thematic Commodities 0.95% 0.0 - 115

iPath S&P MLP ETN IMLP US IMLP.K Barclays Bank ETN 1L (P) NYSE Arca Thematic Commodities 0.80% 0.4 (13.9) 99

Credit Suisse S&P MLP Index ETN MLPO US MLPO.K Credit Suisse ETN 1L (P) NYSE Arca Thematic Commodities 0.95% 0.0 - 78

ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B MLPZ US MLPZ.K UBS ETN 2L (P) NYSE Arca Thematic Commodities 0.95% 0.0 - 63

BMO Elkhorn DWA MLP Select Index ETN BMLP US BMLP.O BMO Capital Markets ETN 1L (P) Nasdaq Thematic Commodities 0.85% 0.0 - 49

ETRACS 2xMonthly Leveraged Alerian MLP Infrastructure Index ETN Series

B

MLPQ US MLPQ.K UBS ETN 2L (P) NYSE Arca Thematic Commodities 0.85% 0.4 - 47

Morgan Stanley Cushing MLP High Income Index ETN MLPY US MLPY.K Morgan Stanley ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 0.0 - 44

ETRACS Alerian MLP Infrastructure Index ETN Series B MLPB US MLPB.K UBS ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 0.0 - 40

ETRACS Alerian MLP Index ETN Series B AMUB US AMUB.K UBS ETN 1L (P) NYSE Arca Thematic Commodities 0.80% 0.0 - 28

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN LMLP US LMLP.K UBS ETN 2L (P) NYSE Arca Thematic Commodities 0.85% 0.2 3.3 26

C-Tracks Miller/Howard MLP Fundamental Index ETN Series B MLPE US MLPE.K Citigroup ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 0.0 - 25

Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN AMJL US AMJL.K Credit Suisse ETN 2L (P) NYSE Arca Thematic Commodities 0.85% 0.0 - 23

ETRACS Alerian Natural Gas MLP Index MLPG US MLPG.K UBS ETN 1L (P) NYSE Arca Thematic Commodities 0.85% 0.0 - 14

J.P. Morgan Cushing 30 MLP Index ETN PPLN US PPLN.K JPMorgan ETN 1L (P) NYSE Arca Thematic Commodities 0.95% 0.1 3.9 4

ETRACS 1xMonthly Short Alerian MLP Infrastructure Total Return Index MLPS US MLPS.K UBS ETN 1S (P) NYSE Arca Thematic Commodities 0.59% 0.0 - 4

Barclays Women in Leadership ETN WIL US WIL Barclays Bank ETN 1L (P) NYSE Arca Thematic Other Theme 0.45% 0.0 0.1 34

Barclays Return on Disability ETN RODI US RODI.K Barclays Bank ETN 1L (P) NYSE Arca Thematic Other Theme 0.45% - - 34

ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN HOML US HOML.K UBS ETN 2L (P) NYSE Arca Thematic Other Theme 0.85% 0.1 - 6

Fixed Income

Sovereign

iPath US Treasury 10-year Bear ETN DTYS US DTYS.K Barclays Bank ETN 1S (P) NYSE Arca Sovereign Overall 0.75% 0.3 1.7 49

iPath US Treasury Long Bond Bear ETN DLBS US DLBS.K Barclays Bank ETN 1S (P) NYSE Arca Sovereign Overall 0.75% 0.1 (1.4) 18

Barclays Inverse US Treasury Composite ETN TAPR US TAPR.O Barclays Bank ETN 1S (P) Nasdaq Sovereign Overall 0.43% 0.0 0.0 16

iPath US Treasury 2-year Bear ETN DTUS US DTUS.K Barclays Bank ETN 1S (P) NYSE Arca Sovereign Overall 0.75% 0.0 0.3 8

iPath US Treasury Long Bond Bull ETN DLBL US DLBL.K Barclays Bank ETN 1L (P) NYSE Arca Sovereign Overall 0.75% 0.0 (0.0) 5

iPath US Treasury 10-year Bull ETN DTYL US DTYL.K Barclays Bank ETN 1L (P) NYSE Arca Sovereign Overall 0.75% 0.0 - 5

iPath US Treasury 5-year Bull ETN DFVL US DFVL.K Barclays Bank ETN 1L (P) NYSE Arca Sovereign Overall 0.75% 0.0 0.0 5


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Sub Sector / Sub

Investment FocusTER

ADV

$MMNet Flows $MM

AUM

$MM

iPath US Treasury 2-year Bull ETN DTUL US DTUL.K Barclays Bank ETN 1L (P) NYSE Arca Sovereign Overall 0.75% 0.0 0.6 4

iPath US Treasury Flattener ETN FLAT US FLAT.K Barclays Bank ETN 1LS (P) NYSE Arca Sovereign Overall 0.75% 0.0 - 3

iPath US Treasury Steepener ETN STPP US STPP.K Barclays Bank ETN 1LS (P) NYSE Arca Sovereign Overall 0.75% 0.1 (0.2) 3

iPath US Treasury 5-year Bear ETN DFVS US DFVS.K Barclays Bank ETN 1S (P) NYSE Arca Sovereign Overall 0.75% 0.0 (0.8) 1

Commodity

Overall

iPath Dow Jones-UBS Commodity Index Total Return ETN DJP US DJP Barclays Bank ETN 1L (P) NYSE Arca Overall Overall 0.75% 8.0 (120.0) 751

ELEMENTS Linked to Rogers Intl. Commodity Index - TR RJI US RJI Swedish Export CC ETN 1L (P) NYSE Arca Overall Overall 0.75% 1.3 (50.0) 179

Goldman Sachs Connect S&P GSCI Enhanced Commodity Total Return

Strategy Index

GSC US GSC Goldman Sachs ETN 1L (P) NYSE Arca Overall Overall 1.25% 0.1 - 107

ETRACS CMCI Total Return ETN UCI US UCI UBS ETN 1L (P) NYSE Arca Overall Overall 0.55% 0.5 (13.7) 82

ETRACS DJ-UBS Commodity Index Total Return DJCI US DJCI.K UBS ETN 1L (P) NYSE Arca Overall Overall 0.50% 0.2 (37.6) 71

iPath Pure Beta Broad Commodity ETN BCM US BCM Barclays Bank ETN 1L (P) NYSE Arca Overall Overall 0.75% 0.2 (1.7) 47

iPath S&P GSCI Total Return Index ETN GSP US GSP Barclays Bank ETN 1L (P) NYSE Arca Overall Overall 0.75% 0.1 (3.2) 21

ETRACS CMCI Total Return ETN Series B UCIB US UCIB.K UBS ETN 1L (P) NYSE Arca Overall Overall 0.55% 0.0 - 20

DB Commodity Index Double Long ETN DYY US DYY Deutsche Bank ETN 2L (P) NYSE Arca Overall Overall 0.75% 0.0 - 1

DB Commodity Index Short ETN DDP US DDP Deutsche Bank ETN 1S (P) NYSE Arca Overall Overall 0.75% 0.0 (0.4) 1

DB Commodity Index Double Short ETN DEE US DEE Deutsche Bank ETN 2S (P) NYSE Arca Overall Overall 0.75% - (0.2) 1

iPath Pure Beta S&P GSCI-Weighted ETN SBV US SBV Barclays Bank ETN 1L (P) NYSE Arca Overall Overall 0.75% 0.0 - 1

DB Commodity Index Long ETN DPU US DPU Deutsche Bank ETN 1L (P) NYSE Arca Overall Overall 0.75% - (0.0) 0

Agriculture

iPath Dow Jones-UBS Cocoa Subindex Total Return ETN NIB US NIB Barclays Bank ETN 1L (P) NYSE Arca Agriculture Cocoa 0.75% 2.6 (1.7) 51

iPath Pure Beta Cocoa ETN CHOC US CHOC.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Cocoa 0.75% 0.1 1.5 6

iPath Dow Jones-UBS Coffee Subindex Total Return ETN JO US JO Barclays Bank ETN 1L (P) NYSE Arca Agriculture Coffee 0.75% 4.0 28.7 141

iPath Pure Beta Coffee ETN CAFE US CAFE.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Coffee 0.75% 0.0 0.4 5

iPath Dow Jones-UBS Cotton Subindex Total Return ETN BAL US BAL Barclays Bank ETN 1L (P) NYSE Arca Agriculture Cotton 0.75% 0.5 (5.9) 10

iPath Pure Beta Cotton ETN CTNN US CTNN.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Cotton 0.75% 0.0 (0.2) 0

iPath Pure Beta Grains ETN WEET US WEET.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Grains 0.75% 0.0 0.0 1

iPath Dow Jones-UBS Grains Subindex Total Return ETN JJG US JJG Barclays Bank ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 1.7 (1.3) 110

ELEMENTS Linked to Rogers Intl. Commodity Index - Agriculture TR RJA US RJA Swedish Export CC ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.3 (5.6) 104

iPath Dow Jones-UBS Agriculture Subindex Total Return ETN JJA US JJA Barclays Bank ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.1 (1.4) 16

DB Agriculture Double Long ETN DAG US DAG Deutsche Bank ETN 2L (P) NYSE Arca Agriculture Overall 0.75% 0.0 - 8

ETRACS CMCI Food Total Return FUD US FUD UBS ETN 1L (P) NYSE Arca Agriculture Overall 0.65% 0.0 (1.9) 5

ETRACS CMCI Agriculture Total Return UAG US UAG UBS ETN 1L (P) NYSE Arca Agriculture Overall 0.65% 0.0 - 4

ELEMENTS Linked to the MLCX Grains Index GRU US GRU Swedish Export CC ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.0 - 4

iPath Pure Beta Agriculture ETN DIRT US DIRT.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.0 0.0 2

iPath Dow Jones-UBS Softs Subindex Total Return ETN JJS US JJS Barclays Bank ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.0 (0.2) 2

DB Agriculture Long ETN AGF US AGF Deutsche Bank ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.0 (0.2) 1

ELEMENTS Linked to the MLCX Biofuels Index FUE US FUE Swedish Export CC ETN 1L (P) NYSE Arca Agriculture Overall 0.75% 0.0 (0.2) 1

DB Agriculture Double Short ETN AGA US AGA Deutsche Bank ETN 2S (P) NYSE Arca Agriculture Overall 0.75% 0.0 (0.2) 0


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DB Agriculture Short ETN ADZ US ADZ Deutsche Bank ETN 1S (P) NYSE Arca Agriculture Overall 0.75% - (0.2) 0

iPath Pure Beta Softs ETN GRWN US GRWN.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Softs 0.75% 0.0 0.0 1

iPath Dow Jones-UBS Sugar Subindex Total Return ETN SGG US SGG Barclays Bank ETN 1L (P) NYSE Arca Agriculture Sugar 0.75% 2.5 17.7 41

iPath Pure Beta Sugar ETN SGAR US SGAR.K Barclays Bank ETN 1L (P) NYSE Arca Agriculture Sugar 0.75% 0.0 - 1

Energy

iPath Global Carbon ETN GRN US GRN Barclays Bank ETN 1L (P) NYSE Arca Energy Carbon 0.75% 0.0 0.1 1

iPath S&P GSCI Crude Oil Total Return Index ETN OIL US OIL Barclays Bank ETN 1L (P) NYSE Arca Energy Crude Oil 0.75% 15.0 0.0 634

VelocityShares 3x Long Crude Oil ETN UWT US UWT Citigroup ETN 3L (P) NYSE Arca Energy Crude Oil 1.50% 109.8 291.9 613

DB Crude Oil Double Short ETN DTO US DTO Deutsche Bank ETN 2S (P) NYSE Arca Energy Crude Oil 0.75% 1.0 (19.9) 53

iPath Series B S&P GSCI Crude Oil ETN OILB US OILB.B Barclays Bank ETN 1L (P) NYSE Arca Energy Crude Oil 0.45% 0.0 0.2 48

VelocityShares 3x Inverse Crude Oil ETN DWT US DWT Citigroup ETN 3S (P) NYSE Arca Energy Crude Oil 1.50% 66.5 (81.7) 48

UBS ETRACS - ProShares Daily 3x Inverse Crude ETN WTID US WTID.K UBS ETN 3S (P) NYSE Arca Energy Crude Oil 1.85% 0.3 - 38

Credit Suisse X-Links WTI Crude Oil Index ETN OIIL US OIIL.K Credit Suisse ETN 1L (P) NYSE Arca Energy Crude Oil 0.55% 0.0 - 29

ETRACS S&P GSCI Crude Oil Total Return Index ETN OILX US OILX.K UBS ETN 1L (P) NYSE Arca Energy Crude Oil 0.50% 0.0 - 27

iPath Pure Beta Crude Oil ETN OLEM US OLEM.K Barclays Bank ETN 1L (P) NYSE Arca Energy Crude Oil 0.75% 0.1 (0.0) 24

UBS ETRACS - ProShares Daily 3x Long Crude ETN WTIU US WTIU.K UBS ETN 3L (P) NYSE Arca Energy Crude Oil 1.45% 0.5 - 12

DB Crude Oil Long ETN OLO US OLO Deutsche Bank ETN 1L (P) NYSE Arca Energy Crude Oil 0.75% 0.0 (0.3) 7

Credit Suisse X-Links Crude Oil Shares Covered Call ETN USOI US USOI.O Credit Suisse ETN 1L (P) Nasdaq Energy Crude Oil 0.85% 0.0 5.0 5

DB Crude Oil Short ETN SZO US SZO Deutsche Bank ETN 1S (P) NYSE Arca Energy Crude Oil 0.75% 0.0 (6.8) 3

VelocityShares 3x Long Natural Gas ETN UGAZ US UGAZ.K Credit Suisse ETN 3L (P) NYSE Arca Energy Natural Gas 1.65% 120.8 304.2 612

VelocityShares 3x Inverse Natural Gas ETN DGAZ US DGAZ.K Credit Suisse ETN 3S (P) NYSE Arca Energy Natural Gas 1.65% 113.0 (195.5) 106

iPath Series B Bloomberg Natural Gas Subindex Total Return ETN GAZB US GAZB.K Barclays Bank ETN 1L (P) NYSE Arca Energy Natural Gas 0.45% 0.0 0.1 4

iPath Bloomberg Natural Gas Subindex Total Return ETN GAZ US GAZ Barclays Bank ETN 1L (P) NYSE Arca Energy Natural Gas 0.75% 0.0 (0.0) 3

iPath Seasonal Natural Gas ETN DCNG US DCNG.K Barclays Bank ETN 1L (P) NYSE Arca Energy Natural Gas 0.75% 0.0 0.1 1

ELEMENTS Linked to Rogers Intl. Commodity Index - Energy TR RJN US RJN Swedish Export CC ETN 1L (P) NYSE Arca Energy Overall 0.75% 0.0 (1.0) 7

ETRACS CMCI Energy Total Return UBN US UBN UBS ETN 1L (P) NYSE Arca Energy Overall 0.65% 0.0 - 1

iPath Dow Jones-UBS Energy Subindex Total Return ETN JJE US JJE Barclays Bank ETN 1L (P) NYSE Arca Energy Overall 0.75% 0.0 - 1

iPath Pure Beta Energy ETN ONG US ONG Barclays Bank ETN 1L (P) NYSE Arca Energy Overall 0.75% 0.0 - 1

Industrial Metals

iPath Dow Jones-UBS Aluminum Subindex Total Return ETN JJU US JJU Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Aluminum 0.75% 0.0 0.1 3

iPath Pure Beta Aluminum ETN FOIL US FOIL.K Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Aluminum 0.75% 0.0 0.1 1

iPath Dow Jones-UBS Copper Subindex Total Return ETN JJC US JJC Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Copper 0.75% 1.3 (13.1) 60

iPath Pure Beta Copper ETN CUPM US CUPM.K Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Copper 0.75% 0.0 (0.0) 1

iPath Dow Jones-UBS Lead Subindex Total Return ETN LD US LD Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Lead 0.75% 0.0 (0.4) 1

iPath Pure Beta Lead ETN LEDD US LEDD.K Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Lead 0.75% 0.0 - 1

iPath Dow Jones-UBS Nickel Subindex Total Return ETN JJN US JJN Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Nickel 0.75% 0.1 (0.3) 10

iPath Pure Beta Nickel ETN NINI US NINI.K Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Nickel 0.75% 0.0 0.3 1

ELEMENTS Linked to Rogers Intl. Commodity Index - Metals TR RJZ US RJZ Swedish Export CC ETN 1L (P) NYSE Arca Industrial Metals Overall 0.75% 0.0 - 10

iPath Dow Jones-UBS Industrial Metals Subindex Total Return ETN JJM US JJM Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Overall 0.75% 0.0 (0.6) 8


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DB Base Metals Double Long ETN BDD US BDD Deutsche Bank ETN 2L (P) NYSE Arca Industrial Metals Overall 0.75% 0.0 (0.0) 4

ETRACS CMCI Industrial Metals Total Return UBM US UBM UBS ETN 1L (P) NYSE Arca Industrial Metals Overall 0.65% 0.0 - 3

DB Base Metals Double Short ETN BOM US BOM Deutsche Bank ETN 2S (P) NYSE Arca Industrial Metals Overall 0.75% 0.0 - 1

DB Base Metals Short ETN BOS US BOS Deutsche Bank ETN 1S (P) NYSE Arca Industrial Metals Overall 0.75% 0.0 - 1

iPath Pure Beta Industrial Metals ETN HEVY US HEVY.K Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Overall 0.75% - - 1

iPath Dow Jones-UBS Tin Subindex Total Return ETN JJT US JJT Barclays Bank ETN 1L (P) NYSE Arca Industrial Metals Tin 0.75% 0.0 - 3

Precious Metals

DB Gold Double Long ETN DGP US DGP Deutsche Bank ETN 2L (P) NYSE Arca Precious Metals Gold 0.75% 0.6 (2.3) 112

VelocityShares 3x Long Gold ETN UGLD US UGLD.O Credit Suisse ETN 3L (P) Nasdaq Precious Metals Gold 1.35% 6.6 (4.9) 91

Credit Suisse X-Links Gold Shares Covered Call ETN GLDI US GLDI.O Credit Suisse ETN 1L (P) Nasdaq Precious Metals Gold 0.65% 0.3 (0.9) 53

DB Gold Double Short ETN DZZ US DZZ Deutsche Bank ETN 2S (P) NYSE Arca Precious Metals Gold 0.75% 0.9 (0.0) 29

VelocityShares 3x Inverse Gold ETN DGLD US DGLD.O Credit Suisse ETN 3S (P) Nasdaq Precious Metals Gold 1.35% 4.1 1.3 17

DB Gold Short ETN DGZ US DGZ Deutsche Bank ETN 1S (P) NYSE Arca Precious Metals Gold 0.75% 0.2 - 16

ETRACS CMCI Gold Total Return UBG US UBG UBS ETN 1L (P) NYSE Arca Precious Metals Gold 0.30% 0.0 - 7

iPath Dow Jones-UBS Precious Metals Subindex Total Return ETN JJP US JJP Barclays Bank ETN 1L (P) NYSE Arca Precious Metals Overall 0.75% 0.0 0.0 4

ETRACS CMCI Silver Total Return USV US USV UBS ETN 1L (P) NYSE Arca Precious Metals Overall 0.40% 0.0 - 4

iPath Pure Beta Precious Metals ETN BLNG US BLNG.K Barclays Bank ETN 1L (P) NYSE Arca Precious Metals Overall 0.75% 0.0 (0.0) 1

ETRACS CMCI Long Platinum Total Return PTM US PTM UBS ETN 1L (P) NYSE Arca Precious Metals Platinum 0.65% 0.0 - 19

iPath Dow Jones-UBS Platinum Subindex Total Return ETN PGM US PGM Barclays Bank ETN 1L (P) NYSE Arca Precious Metals Platinum 0.75% 0.0 (1.0) 6

VelocityShares 3x Long Silver ETN USLV US USLV.O Credit Suisse ETN 3L (P) Nasdaq Precious Metals Silver 1.65% 29.8 61.3 257

Credit Suisse X-Links Silver Shares Covered Call ETN SLVO US SLVO.O Credit Suisse ETN 1L (P) Nasdaq Precious Metals Silver 0.65% 0.3 0.4 44

VelocityShares 3x Inverse Silver ETN DSLV US DSLV.O Credit Suisse ETN 3S (P) Nasdaq Precious Metals Silver 1.65% 6.9 (18.9) 7

Livestock

iPath Dow Jones-UBS Livestock Subindex Total Return ETN COW US COW Barclays Bank ETN 1L (P) NYSE Arca Livestock Overall 0.75% 0.9 (12.1) 25

iPath Pure Beta Livestock ETN LSTK US LSTK.K Barclays Bank ETN 1L (P) NYSE Arca Livestock Overall 0.75% 0.0 0.1 4

ETRACS CMCI Livestock Total Return UBC US UBC UBS ETN 1L (P) NYSE Arca Livestock Overall 0.65% 0.0 - 4

Currency

FX Trading Strategy

iPath Optimized Currency Carry ETN ICI US ICI Barclays Bank ETN 1L (P) NYSE Arca FX Trading Strategy Carry 0.65% 0.0 (0.0) 2

Currency Exposure - Pair

Market Vectors Double Short Euro ETN DRR US DRR VanEck Vectors ETN 2S (P) NYSE Arca Currency Exposure - Pair EURUSD 0.65% 0.1 (3.1) 16

iPath EUR/USD Exchange Rate ETN ERO US ERO Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Pair EURUSD 0.40% 0.0 0.4 3

Market Vectors Double Long Euro ETN URR US URR VanEck Vectors ETN 2L (P) NYSE Arca Currency Exposure - Pair EURUSD 0.65% 0.0 - 2

iPath GBP/USD Exchange Rate ETN GBB US GBB Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Pair GBPUSD 0.40% 0.0 (0.0) 4

iPath JPY/USD Exchange Rate ETN JYN US JYN Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Pair JPYUSD 0.40% 0.0 - 2

Market Vectors Chinese Renminbi/USD ETN CNY US CNY VanEck Vectors ETN 1L (P) NYSE Arca Currency Exposure - Pair USDCNY 0.55% 0.1 - 11

Market Vectors Indian Rupee/USD ETN INR US INR VanEck Vectors ETN 1L (P) NYSE Arca Currency Exposure - Pair USDINR 0.55% 0.0 - 1

Currency Exposure - Broad

iPath GEMS Asia 8 ETN AYT US AYT Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.89% 0.3 0.0 1


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iPath Asian & Gulf Currency Revaluation ETN PGD US PGD Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.89% 0.0 - 1

iPath GEMS Index ETN JEM US JEM Barclays Bank ETN 1L (P) NYSE Arca Currency Exposure - Broad Overall 0.89% 0.0 (1.6) 1

Multi Asset

Target Risk

Barclays ETN+ S&P VEQTOR ETN VQT US VQT Barclays Bank ETN 1L (P) NYSE Arca Target Risk Aggressive 0.95% 1.3 (78.0) 31

ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN CEFL US CEFL.K UBS ETN 2L (P) NYSE Arca Target Risk Moderate 0.50% 3.0 14.8 273

ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN DVHL US DVHL.K UBS ETN 2L (P) NYSE Arca Target Risk Moderate 0.85% 0.5 5.9 24

Credit Suisse X-Links Multi-Asset High Income ETN MLTI US MLTI.K Credit Suisse ETN 1L (P) NYSE Arca Target Risk Moderate 0.84% 0.0 - 7

Claymore CEF GS Connect ETN GCE US GCE Guggenheim Investments ETN 1L (P) NYSE Arca Target Risk Target Risk 0.95% 0.0 - 8

Alternative

Private Equity

ETRACS 2xLeveraged Long Wells Fargo Business Development Company

Index ETN

BDCL US BDCL.K UBS ETN 2L (P) NYSE Arca Private Equity Overall 0.85% 2.4 11.0 269

ETRACS Linked to the Wells Fargo Business Development Company Index

ETN

BDCS US BDCS.K UBS ETN 1L (P) NYSE Arca Private Equity Overall 0.85% 0.5 7.6 92

ETRACS Linked to the Wells Fargo Business Development Company Index

ETN Series B

BDCZ US BDCZ.K UBS ETN 1L (P) NYSE Arca Private Equity Overall 0.85% 0.0 - 34

ETRACS 2xLeveraged Long Wells Fargo Business Development Company

Index ETN Series B

LBDC US LBDC.K UBS ETN 2L (P) NYSE Arca Private Equity Overall 0.85% 0.0 - 21

Volatility

iPath S&P 500 VIX Short-Term Futures ETN VXX US VXX Barclays Bank ETN 1L (P) NYSE Arca Volatility Equity 0.89% 914.4 209.2 987

VelocityShares Daily Inverse VIX Short-Term ETN XIV US XIV.O Credit Suisse ETN 1S (P) Nasdaq Volatility Equity 1.35% 1,026.9 4.5 749

VelocityShares Daily 2x VIX Short-Term ETN TVIX US TVIX.O Credit Suisse ETN 2L (P) Nasdaq Volatility Equity 1.65% 197.5 92.2 197

VelocityShares Daily Inverse VIX Medium-Term ETN ZIV US ZIV.O Credit Suisse ETN 1S (P) Nasdaq Volatility Equity 1.35% 5.3 48.5 156

VelocityShares VIX Short Volatility Hedged ETN XIVH US XIVH.K UBS ETN 1S (P) NYSE Arca Volatility Equity 1.30% 0.4 - 55

iPath S&P 500 VIX Mid-Term Futures ETN VXZ US VXZ Barclays Bank ETN 1L (P) NYSE Arca Volatility Equity 0.89% 3.7 10.9 35

VelocityShares VIX Variable Long Short ETN LSVX US LSVX.K UBS ETN 1LS (P) NYSE Arca Volatility Equity 1.30% 0.0 - 30

VelocityShares 1x Daily Inverse VSTOXX Futures ETN EXIV US EXIV.Z UBS ETN 1S (P) BATS Volatility Equity 1.35% 0.2 25.6 27

VelocityShares VIX Tail Risk ETN BSWN US BSWN.K UBS ETN 1L (P) NYSE Arca Volatility Equity 1.30% 0.0 - 23

VelocityShares 1x Long VSTOXX Futures ETN EVIX US EVIX.Z UBS ETN 1L (P) BATS Volatility Equity 1.35% 0.0 24.4 23

iPath S&P 500 Dynamic VIX ETN XVZ US XVZ Barclays Bank ETN 1L (P) NYSE Arca Volatility Equity 0.95% 0.0 1.3 17

VelocityShares Daily Long VIX Short-Term ETN VIIX US VIIX.O Credit Suisse ETN 1L (P) Nasdaq Volatility Equity 0.89% 5.5 3.9 13

VelocityShares Daily 2x VIX Medium-Term ETN TVIZ US TVIZ.O Credit Suisse ETN 2L (P) Nasdaq Volatility Equity 1.65% 0.2 0.9 2

VelocityShares Daily Long VIX Medium-Term ETN VIIZ US VIIZ.O Credit Suisse ETN 1L (P) Nasdaq Volatility Equity 0.89% 0.1 0.2 1

iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) IVOP US IVOP.K Barclays Bank ETN 1S (P) NYSE Arca Volatility Equity 0.89% 0.0 - 1

iPath Inverse S&P 500 VIX Short-Term Futures ETN XXV US XXV Barclays Bank ETN 1S (P) NYSE Arca Volatility Equity 0.89% 0.0 0.0 0


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Appendix 1

Important Disclosures

*Other information available upon request

*Prices are current as of the end of the previous trading session unless otherwise indicated and are sourced fromlocal exchanges via Reuters, Bloomberg, and other vendors. Other information is sourced from Deutsche Bank, subjectcompanies, and other sources. For disclosures pertaining to recommendations or estimates made on securities other thanthe primary subject of this research, please see the most recently published company report or visit our global disclosurelook-up page on our website at http://gm.db.com/ger/disclosure/DisclosureDirectory.eqsr. Aside from within this report,important conflict disclosures can also be found at https://gm/db.com/equities under the "Disclosures Lookup" and "Legal"tabs. Investors are strongly encouraged to review this information before investing.

Analyst Certification

The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s). In addition,the undersigned lead analyst(s) has not and will not receive any compensation for providing a specific recommendationor view in this report. Sebastian Mercado, Ari Rajendra

Hypothetical Disclaimer

Backtested, hypothetical or simulated performance results have inherent limitations. Unlike an actual performancerecord based on trading actual client portfolios, simulated results are achieved by means of the retroactive applicationof a backtested model itself designed with the benefit of hindsight. Taking into account historical events the backtestingof performance also differs from actual account performance because an actual investment strategy may be adjustedany time, for any reason, including a response to material, economic or market factors. The backtested performanceincludes hypothetical results that do not reflect the reinvestment of dividends and other earnings or the deduction ofadvisory fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid.No representation is made that any trading strategy or account will or is likely to achieve profits or losses similar tothose shown. Alternative modeling techniques or assumptions might produce significantly different results and prove tobe more appropriate. Past hypothetical backtest results are neither an indicator nor guarantee of future returns. Actualresults will vary, perhaps materially, from the analysis.

Equity Rating Key Equity rating dispersion and banking relationships

Buy: Based on a current 12- month view of total share-holderreturn (TSR = percentage change in share price from currentprice to projected target price plus pro-jected dividend yield ) ,we recommend that investors buy the stock.Sell: Based on a current 12-month view of total share-holderreturn, we recommend that investors sell the stock.Hold: We take a neutral view on the stock 12-months out and,based on this time horizon, do not recommend either a Buyor Sell.

Newly issued research recommendations and target pricessupersede previously published research.

Regulatory Disclosures

1.Additional Information


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Information on ETFs is provided strictly for illustrative purposes and should not be deemed an offer to sell or asolicitation of an offer to buy shares of any fund that is described in this document. Consider carefully any fund'sinvestment objectives, risk factors, and charges and expenses before investing. This and other information can be foundin the fund's prospectus. Prospectuses about db X-trackers funds and Powershares DB funds can be obtained by calling1-877-369-4617 or by visiting www.DBXUS.com. Read prospectuses carefully before investing. Past performance is notnecessarily indicative of future results. Investing involves risk, including possible loss of principal. To better understandthe similarities and differences between investments, including investment objectives, risks, fees and expenses, it isimportant to read the products' prospectuses. Shares of ETFs may be sold throughout the day on an exchange throughany brokerage account. However, shares may only be redeemed directly from an ETF by authorized participants, in verylarge creation/redemption units. Transactions in shares of ETFs will result in brokerage commissions and will generatetax consequences. ETFs are obliged to distribute portfolio gains to shareholders. Deutsche Bank may be an issuer,advisor, manager, distributor or administrator of, or provide other services to, an ETF included in this report, for which itreceives compensation. db X-trackers and Powershares DB funds are distributed by ALPS Distributors, Inc. The opinionsexpressed are those of the authors and do not necessarily reflect the views of DB, ALPS or their affiliates.

Aside from within this report, important conflict disclosures can also be found at https://gm.db.com/equities under the"Disclosures Lookup" and "Legal" tabs. Investors are strongly encouraged to review this information before investing.


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Additional Information

?The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively"Deutsche Bank"). Though the information herein is believed to be reliable and has been obtained from public sourcesbelieved to be reliable, Deutsche Bank makes no representation as to its accuracy or completeness. Hyperlinks to third-party websites in this report are provided for reader convenience only. Deutsche Bank neither endorses the content noris responsible for the accuracy or security controls of these websites.

If you use the services of Deutsche Bank in connection with a purchase or sale of a security that is discussed in this report,or is included or discussed in another communication (oral or written) from a Deutsche Bank analyst, Deutsche Bank mayact as principal for its own account or as agent for another person.

Deutsche Bank may consider this report in deciding to trade as principal. It may also engage in transactions, for itsown account or with customers, in a manner inconsistent with the views taken in this research report. Others withinDeutsche Bank, including strategists, sales staff and other analysts, may take views that are inconsistent with those takenin this research report. Deutsche Bank issues a variety of research products, including fundamental analysis, equity-linkedanalysis, quantitative analysis and trade ideas. Recommendations contained in one type of communication may differfrom recommendations contained in others, whether as a result of differing time horizons, methodologies or otherwise.Deutsche Bank and/or its affiliates may also be holding debt or equity securities of the issuers it writes on. Analysts arepaid in part based on the profitability of Deutsche Bank AG and its affiliates, which includes investment banking, tradingand principal trading revenues.

Opinions, estimates and projections constitute the current judgment of the author as of the date of this report. They donot necessarily reflect the opinions of Deutsche Bank and are subject to change without notice. Deutsche Bank providesliquidity for buyers and sellers of securities issued by the companies it covers. Deutsche Bank research analysts sometimeshave shorter-term trade ideas that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. Tradeideas for equities can be found at the SOLAR link at http://gm.db.com. A SOLAR idea represents a high conviction beliefby an analyst that a stock will outperform or underperform the market and/or sector delineated over a time frame of noless than two weeks. In addition to SOLAR ideas, the analysts named in this report may from time to time discuss withour clients, Deutsche Bank salespersons and Deutsche Bank traders, trading strategies or ideas that reference catalystsor events that may have a near-term or medium-term impact on the market price of the securities discussed in this report,which impact may be directionally counter to the analysts' current 12-month view of total return or investment return asdescribed herein. Deutsche Bank has no obligation to update, modify or amend this report or to otherwise notify a recipientthereof if any opinion, forecast or estimate contained herein changes or subsequently becomes inaccurate. Coverage andthe frequency of changes in market conditions and in both general and company specific economic prospects make itdifficult to update research at defined intervals. Updates are at the sole discretion of the coverage analyst concerned or ofthe Research Department Management and as such the majority of reports are published at irregular intervals. This reportis provided for informational purposes only and does not take into account the particular investment objectives, financialsituations, or needs of individual clients. It is not an offer or a solicitation of an offer to buy or sell any financial instrumentsor to participate in any particular trading strategy. Target prices are inherently imprecise and a product of the analyst’sjudgment. The financial instruments discussed in this report may not be suitable for all investors and investors must maketheir own informed investment decisions. Prices and availability of financial instruments are subject to change withoutnotice and investment transactions can lead to losses as a result of price fluctuations and other factors. If a financialinstrument is denominated in a currency other than an investor's currency, a change in exchange rates may adverselyaffect the investment. Past performance is not necessarily indicative of future results. Unless otherwise indicated, pricesare current as of the end of the previous trading session, and are sourced from local exchanges via Reuters, Bloombergand other vendors. Data is sourced from Deutsche Bank, subject companies, and in some cases, other parties.

The Deutsche Bank Research Department is independent of other business areas divisions of the Bank. Details regardingour organizational arrangements and information barriers we have to prevent and avoid conflicts of interest with respectto our research is available on our website under Disclaimer found on the Legal tab.??Macroeconomic fluctuations often account for most of the risks associated with exposures to instruments that promiseto pay fixed or variable interest rates. For an investor who is long fixed rate instruments (thus receiving these cash flows),increases in interest rates naturally lift the discount factors applied to the expected cash flows and thus cause a loss.


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The longer the maturity of a certain cash flow and the higher the move in the discount factor, the higher will be theloss. Upside surprises in inflation, fiscal funding needs, and FX depreciation rates are among the most common adversemacroeconomic shocks to receivers. But counterparty exposure, issuer creditworthiness, client segmentation, regulation(including changes in assets holding limits for different types of investors), changes in tax policies, currency convertibility(which may constrain currency conversion, repatriation of profits and/or the liquidation of positions), and settlement issuesrelated to local clearing houses are also important risk factors to be considered. The sensitivity of fixed income instrumentsto macroeconomic shocks may be mitigated by indexing the contracted cash flows to inflation, to FX depreciation, or tospecified interest rates – these are common in emerging markets. It is important to note that the index fixings may -- byconstruction -- lag or mis-measure the actual move in the underlying variables they are intended to track. The choice of theproper fixing (or metric) is particularly important in swaps markets, where floating coupon rates (i.e., coupons indexed toa typically short-dated interest rate reference index) are exchanged for fixed coupons. It is also important to acknowledgethat funding in a currency that differs from the currency in which coupons are denominated carries FX risk. Naturally,options on swaps (swaptions) also bear the risks typical to options in addition to the risks related to rates movements.??Derivative transactions involve numerous risks including, among others, market, counterparty default and illiquidity risk.The appropriateness or otherwise of these products for use by investors is dependent on the investors' own circumstancesincluding their tax position, their regulatory environment and the nature of their other assets and liabilities, and as such,investors should take expert legal and financial advice before entering into any transaction similar to or inspired by thecontents of this publication. The risk of loss in futures trading and options, foreign or domestic, can be substantial. As aresult of the high degree of leverage obtainable in futures and options trading, losses may be incurred that are greaterthan the amount of funds initially deposited. Trading in options involves risk and is not suitable for all investors. Priorto buying or selling an option investors must review the "Characteristics and Risks of Standardized Options”, at http://www.optionsclearing.com/about/publications/character-risks.jsp. If you are unable to access the website please contactyour Deutsche Bank representative for a copy of this important document.?

Participants in foreign exchange transactions may incur risks arising from several factors, including the following: ( i)exchange rates can be volatile and are subject to large fluctuations; ( ii) the value of currencies may be affected bynumerous market factors, including world and national economic, political and regulatory events, events in equity anddebt markets and changes in interest rates; and (iii) currencies may be subject to devaluation or government imposedexchange controls which could affect the value of the currency. Investors in securities such as ADRs, whose values areaffected by the currency of an underlying security, effectively assume currency risk.?

Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in theinvestor's home jurisdiction. Aside from within this report, important conflict disclosures can also be found at https://gm.db.com/equities under the "Disclosures Lookup" and "Legal" tabs. Investors are strongly encouraged to review thisinformation before investing.

Deutsche Bank (which includes Deutsche Bank AG, its branches and all affiliated companies) is not acting as a financialadviser, consultant or fiduciary to you, any of your agents (collectively, "You" or "Your") with respect to any informationprovided in the materials attached hereto. Deutsche Bank does not provide investment, legal, tax or accounting advice,Deutsche Bank is not acting as Your impartial adviser, and does not express any opinion or recommendation whatsoeveras to any strategies, products or any other information presented in the materials. Information contained herein is beingprovided solely on the basis that the recipient will make an independent assessment of the merits of any investmentdecision, and it does not constitute a recommendation of, or express an opinion on, any product or service or any tradingstrategy.

The information presented is general in nature and is not directed to retirement accounts or any specific person or accounttype, and is therefore provided to You on the express basis that it is not advice, and You may not rely upon it in makingYour decision. The information we provide is being directed only to persons we believe to be financially sophisticated,who are capable of evaluating investment risks independently, both in general and with regard to particular transactionsand investment strategies, and who understand that Deutsche Bank has financial interests in the offering of its productsand services. If this is not the case, or if You are an IRA or other retail investor receiving this directly from us, we askthat you inform us immediately.


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United Kingdom: Approved and/or distributed by Deutsche Bank AG acting through its London Branch at WinchesterHouse, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by thePrudential Regulation Authority and is subject to limited regulation by the Prudential Regulation Authority and FinancialConduct Authority. Details about the extent of our authorisation and regulation are available on request.??Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch or Deutsche Securities Asia Limited.??India: Prepared by Deutsche Equities India Pvt Ltd, which is registered by the Securities and Exchange Board of India (SEBI)as a stock broker. Research Analyst SEBI Registration Number is INH000001741. DEIPL may have received administrativewarnings from the SEBI for breaches of Indian regulations.

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South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch RegisterNumber in South Africa: 1998/003298/10).??Singapore: by Deutsche Bank AG, Singapore Branch or Deutsche Securities Asia Limited, Singapore Branch (One RafflesQuay #18-00 South Tower Singapore 048583, +65 6423 8001), which may be contacted in respect of any matters arisingfrom, or in connection with, this report. Where this report is issued or promulgated in Singapore to a person who is not anaccredited investor, expert investor or institutional investor (as defined in the applicable Singapore laws and regulations),they accept legal responsibility to such person for its contents.

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