Sawtooth Asset Management, Inc. Buys iShares 20+ Year Treasury Bond ETF, ISHARES TRUST, PowerShares QQQ Trust Ser 1, Sells iShares Short Treasury Bond ETF, Vanguard Intermediate-Term Government Bond ETF, SPDR SERIES TRUST

• New Purchases: IWX, VTWO, JKE, ICVT, INKM, WDIV, HEFA, ARKG, FMB, SGOL, QUAL, CIBR, SCHR, RTX, ILF, VAW, OKTA, PDBC, SPIP, BLL, FTNT, DTN, IXN, IYG, LDUR, SPSB, AMAT, NVTA, DTH, PTLC, QYLD, SECT, SIZE, VSS, VXUS, BK, DXCM, EQR, GD, TT, OKE, ZBH, MTCH, MTCH, MTCH, TWLO, GDX, JQUA, PHB, SMH, VIGI, XLC, AON, CINF, DRI, DPZ, EW, EPD, FFIV, FDS, FAST, FE, GPN, HUM, LH, INSG, PCG, BKNG, WRK, ROST, STX, SIRI, TXT, TSCO, CMG, MASI, LYB, BERY, IQV, HUBS, KHC, TTD, FDT, FPX, HYD, IPAY, PBW, PID, SCHV, VT, DOX, AEL, WTRG, ADM, BLK, GIB, CDNS, CTXS, CTSH, COLM, DEO, DKS, DLTR, ECL, EA, EEFT, GPC, HSIC, HRL, INO, ISRG, KSU, KNX, LVS, MMC, MPW, MSI, NICE, NEM, ORLY, PH, DGX, QDEL, ROP, RGLD, RUSHA, SBNY, NLOK, TYL, UMBF, MTN, VRTX, WCN, IRBT, HQL, EXLS, BX, VMW, FNV, ZNGA, NVEE, CHGG, AY, ENR, OLLI, THW, DOCU, PSN, FEM, FEP, GEM, GSIE, IBND, IDV, IGV, IJT, IWN, IWO, IYC, IYH, IYW, MOAT, OEF, RDVY, SCHH, SJNK, TLH, TOTL, UDOW, XBI, XLB, AZZ, THRM, AUDC, ITUB, CAH, PRDO, CMP, CMI, EGAN, FWRD, IBN, ILMN, INCY, LEG, LNC, MGIC, NTGR, ROK, SEIC, SINA, SNY, SWKS, STT, GWW, ZION, ZYXI, ZN, APEI, HOLI, GPRK, KRA, GBDC, TCPC, NCLH, AMC, GLOB, WLKP, QRVO, FS5A, CURO, MRNA, OTIS, FPE, MGC, RWX, VOOV,
• Added Positions: TLT, VOO, QQQ, MTUM, VUG, IWY, CWB, GLD, SHY, IVV, VGT, USIG, VEA, VWO, IWF, XMMO, MGK, BOND, IGSB, SPYG, EFG, EEMV, IWM, IEI, VMBS, MSFT, IJH, AGG, FVD, VNQ, IEF, SPYV, VGSH, LQD, SCHP, VIG, FIXD, AMZN, AAPL, BIL, HYLB, IUSG, MA, BSV, FTC, VCIT, VYM, BNDX, VTI, HYG, SPTL, XLY, EFV, SCHO, FLOT, SPTS, VLUE, DON, XLI, XLV, ADBE, VZ, FB, BND, IVW, IWR, IWS, SHYG, VGK, XLF, KO, IEFA, IHI, SPAB, SPHD, EMR, GOOGL, HON, MCD, V, PYPL, MDYG, MUB, XLK, ABT, SHOP, FDN, MBB, VBK, T, BMY, CVX, XOM, GS, IBM, INTC, JNJ, LMT, MCO, ANGL, DIA, ESGE, SPTM, BRK.B, CSCO, CMCSA, SPGI, NVDA, PFE, ABBV, DGRO, GLDM, JNK, PFF, SLYG, VHT, VXF, ADP, BAC, NEE, HD, INTU, JPM, LOW, NFLX, PEP, SRE, TMO, DIS, WFC, PM, TSLA, CMBS, FLRN, SCZ, VB, XLE, AMD, CVS, CSGP, GIS, IDXX, ITW, KMB, MRK, HEI.A, DG, VEEV, BIV, IEMG, SPIB, VBR, VOE, CB, TFC, BIIB, BAM, C, D, ODFL, PAYX, PG, TROW, UPS, VRSK, APO, WDAY, GOOG, KNSL, BLV, FTCS, FTEC, HYLS, TIP, VCLT, VTV, AEP, CI, STZ, ETR, FISV, F, IP, IPG, MAR, PNW, CRM, SYK, TXN, UAL, UNP, WMT, ANTM, WU, GWRE, COUP, ARKK, FBT, IUSV, SLV, SPDW, VOT, VTIP, MMM, AES, PLD, ATVI, AKAM, LNT, ALL, MO, ADI, NLY, BCE, BDX, BBY, COF, CNP, CERN, CHKP, CLH, CLX, CL, DHR, DOV, ETN, EXPD, FDX, GSK, MNST, HBAN, SJM, KEY, MDLZ, LKQ, MXIM, MET, MU, MS, NGG, NSC, NVS, OXY, ORCL, PNC, PPL, PTC, PKI, PFG, PGR, PRU, PEG, QCOM, RF, RSG, SO, LUV, TJX, TGT, UL, VTR, VOD, WM, WEC, FFC, PTY, BR, DAL, MSCI, IVR, AVGO, NXPI, PCI, ZTS, BABA, SQ, KREF, AOA, IGIB, DIV, EMLC, EMM, HYS, IXUS, IYR, MGV, NOBL, SH, STIP, XLRE, APD, AFG, AMT, ANSS, ARCC, AZN, ADSK, AVY, BP, BIDU, BBVA, BSX, BTI, CM, CCL, CASY, CTL, SCHW, ABEV, GLW, CXW, CVA, CCK, DE, DLR, DD, FLO, BPYU, GPK, HPQ, HOLX, ING, J, LRCX, LEN, MIC, MNR, NDAQ, NTES, NXST, NI, ES, NTRS, NUAN, OHI, PCAR, PXD, PSA, O, REGN, SAP, DHC, SKY, STE, TSM, TRP, TSN, ET, HQH, USA, RQI, JPS, HPI, BGR, DFS, TWO, KDP, AGNC, DISCK, BUD, GM, HCA, PSX, PANW, CDW, AAL, CDK, QSR, CWEN, AFIN, HFRO, DOW, ACWX, AGZ, AOK, AOM, DJP, DRW, EEM, ELR, FDL, FEX, GVI, GWX, IAU, IGOV, ISHG, MDIV, PHO, QQEW, SCHA, VCSH, VNQI, VO, VONG, VONV,
• Reduced Positions: SHV, VGIT, LGLV, IJR, SPSM, FTSM, NEAR, VPU, USMV, RSP, FTSL, HDV, ITOT, IBB, VOOG, DGRW, SPEM, LMBS, XLU, SCHD, SPY, VDC, LIN, SCHG, LHX, UNH, ISTB, VOX, BA, ICE, MDT, LDOS, ED, GILD, PWR, URI, EPS, FGD, HYMB, VGLT, VTEB, LLY, EXC, IRM, NKE, OMC, GL, ZM, FXL, IVE, XLP, ACN, AMGN, DVA, ENB, WELL, MCK, SRCL, WPC, PTON, EDIV, GSY, IDU, IGLB, IJS, ITA, IWP, MINT, USRT, A, BWA, CBRE, COP, DUK, EIX, EL, PKG, PBCT, SHW, VLO, VNO, XEL, NRZ, EMB, FTA, FXH, IAGG, MNA, SCHZ, SPLV, XAR, ABB, AXP, ATRS, AZO, BCS, CSX, HLX, CAT, FIS, CMA, COST, CCI, DNRCQ, EXR, BEN, RHP, GE, GGG, HRB, HLIT, PEAK, HST, K, KIM, LYG, MAS, TAP, RCL, SBUX, USB, WBA, WY, WMB, ZBRA, SMFG, CHY, TMUS, GOF, ENSG, TAK, APTV, CRBP, AMCR, PNTG, ACWV, AOR, ARKW, EFA, FRI, ICF, IWB, IWD, JKH, MDY, PGX, PSJ, REZ, RWO, SLY, VDE, VV,
• Sold Out: VFH, VCR, DVY, HEDJ, ACWI, TVIX, BICK, CORP, AWK, CF, RTN, DEW, EDV, GBIL, HTZ, WHR, SDS, HRC, DISCA, XMLV, XSLV, IVZ, IEUR, IQLT, JKI, RWR, FYX, EWX, SPYD, XPH, NTR, ADS, AIV, BXP, CMS, COG, CHL, CPRT, HUBB, MRTN, NVO, ROKU, LULU, STWD, NLSN, FPI, GDDY, MGP, OPK, MLPA, OPBK, FSK, ACB,

For the details of Sawtooth Asset Management, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/sawtooth+asset+management%2C+inc./current-portfolio/portfolio

1. VANGUARD INDEX FDS (VOO) - 1,138,958 shares, 6.76% of the total portfolio. Shares added by 17.52%
2. iShares 20+ Year Treasury Bond ETF (TLT) - 1,668,239 shares, 5.72% of the total portfolio. Shares added by 212.15%
3. ISHARES TRUST (IWY) - 1,605,662 shares, 3.58% of the total portfolio. Shares added by 28.58%
4. VANGUARD TAX MANAG (VEA) - 2,514,600 shares, 2.04% of the total portfolio. Shares added by 33.58%
5. PowerShares QQQ Trust Ser 1 (QQQ) - 376,587 shares, 1.95% of the total portfolio. Shares added by 90.12%

Sawtooth Asset Management, Inc. initiated holding in ISHARES TRUST. The purchase prices were between $41.82 and $53.78, with an estimated average price of $47.98. The stock is now traded at around $51.39. The impact to a portfolio due to this purchase was 1.87%. The holding were 1,831,021 shares as of .

Sawtooth Asset Management, Inc. initiated holding in Vanguard Russell 2000 Index Fund. The purchase prices were between $84.29 and $123.39, with an estimated average price of $105.51. The stock is now traded at around $123.90. The impact to a portfolio due to this purchase was 0.86%. The holding were 356,822 shares as of .

Sawtooth Asset Management, Inc. initiated holding in ISHARES TRUST. The purchase prices were between $176.29 and $237.24, with an estimated average price of $216.67. The stock is now traded at around $260.33. The impact to a portfolio due to this purchase was 0.48%. The holding were 98,240 shares as of .

Sawtooth Asset Management, Inc. initiated holding in iShares Convertible Bond. The purchase prices were between $51.72 and $71.01, with an estimated average price of $63.3. The stock is now traded at around $77.97. The impact to a portfolio due to this purchase was 0.47%. The holding were 318,651 shares as of .

Sawtooth Asset Management, Inc. initiated holding in SSGA ACTIVE ETF TR. The purchase prices were between $26.38 and $32.1, with an estimated average price of $29.55. The stock is now traded at around $31.60. The impact to a portfolio due to this purchase was 0.4%. The holding were 626,138 shares as of .

Sawtooth Asset Management, Inc. initiated holding in SPDR INDEX SHS FDS. The purchase prices were between $45.77 and $58.56, with an estimated average price of $51.46. The stock is now traded at around $54.86. The impact to a portfolio due to this purchase was 0.39%. The holding were 353,320 shares as of .

Sawtooth Asset Management, Inc. added to a holding in iShares 20+ Year Treasury Bond ETF by 212.15%. The purchase prices were between $156.11 and $171.29, with an estimated average price of $164.66. The stock is now traded at around $171.02. The impact to a portfolio due to this purchase was 3.89%. The holding were 1,668,239 shares as of .

Sawtooth Asset Management, Inc. added to a holding in PowerShares QQQ Trust Ser 1 by 90.12%. The purchase prices were between $182.31 and $248.84, with an estimated average price of $223.35. The stock is now traded at around $274.64. The impact to a portfolio due to this purchase was 0.92%. The holding were 376,587 shares as of .

Sawtooth Asset Management, Inc. added to a holding in ISHARES TRUST by 321.71%. The purchase prices were between $101.08 and $131, with an estimated average price of $120.7. The stock is now traded at around $143.23. The impact to a portfolio due to this purchase was 0.9%. The holding were 430,906 shares as of .

Sawtooth Asset Management, Inc. added to a holding in VANGUARD INDEX FDS by 91.60%. The purchase prices were between $149.64 and $204.01, with an estimated average price of $183.93. The stock is now traded at around $224.18. The impact to a portfolio due to this purchase was 0.81%. The holding were 398,846 shares as of .

Sawtooth Asset Management, Inc. added to a holding in ISHARES TRUST by 28.58%. The purchase prices were between $80.39 and $107.61, with an estimated average price of $97.65. The stock is now traded at around $119.04. The impact to a portfolio due to this purchase was 0.8%. The holding were 1,605,662 shares as of .

Sawtooth Asset Management, Inc. added to a holding in SPDR GOLD TRUST by 75.81%. The purchase prices were between $148.05 and $167.37, with an estimated average price of $161.08. The stock is now traded at around $193.89. The impact to a portfolio due to this purchase was 0.6%. The holding were 392,984 shares as of .

Sawtooth Asset Management, Inc. sold out a holding in VANGUARD WORLD FDS. The sale prices were between $47.38 and $65.88, with an estimated average price of $55.5.

Sawtooth Asset Management, Inc. sold out a holding in VANGUARD WORLD FDS. The sale prices were between $136.25 and $207.41, with an estimated average price of $179.45.

Sawtooth Asset Management, Inc. sold out a holding in iShares Select Dividend ETF. The sale prices were between $68.7 and $90.8, with an estimated average price of $79.17.

Sawtooth Asset Management, Inc. sold out a holding in WISDOMTREE TRUST. The sale prices were between $48.71 and $62.95, with an estimated average price of $56.29.

Sawtooth Asset Management, Inc. sold out a holding in iShares MSCI ACWI Index Fund. The sale prices were between $59.7 and $77.34, with an estimated average price of $69.61.

Sawtooth Asset Management, Inc. sold out a holding in VelocityShares Daily 2x VIX Short-Term ETN. The sale prices were between $108.5 and $367, with an estimated average price of $189.96.