﻿<?xml version="1.0" encoding="UTF-8"?>
<Portfolio>
  <Name>Inverse Total Market</Name>
  <Categories>
    <PortfolioCategory>
      <Name>Brazil</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>BZQ</Name>
          <Description>ProShares UltraShort MSCI Brazil Capped</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>China</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>CHAD</Name>
          <Description>Direxion Daily CSI 300 China A Share Bear 1X Shares</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Developed Europe</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>EPV</Name>
          <Description>ProShares UltraShort FTSE Europe</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Developed Markets Ex-U.S.</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>EFZ</Name>
          <Description>ProShares Short MSCI EAFE</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>DPK</Name>
          <Description>Direxion Daily MSCI Developed Markets Bear 3x Shares</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>EFU</Name>
          <Description>ProShares UltraShort MSCI EAFE</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Emerging Markets</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>EUM</Name>
          <Description>ProShares Short MSCI Emerging Markets</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>EDZ</Name>
          <Description>Direxion Daily MSCI Emerging Markets Bear 3X Shares</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>EEV</Name>
          <Description>ProShares UltraShort MSCI Emerging Markets</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Japan</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>EWV</Name>
          <Description>ProShares UltraShort MSCI Japan</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Russia</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>RUSS</Name>
          <Description>Direxion Daily Russia Bear 3x Shares</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>United States</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>HDGE</Name>
          <Description>AdvisorShares Ranger Equity Bear ETF</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>FNGD</Name>
          <Description>BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN</Description>
          <Decimals>4</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>0.001</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
  </Categories>
</Portfolio>