<SEC-DOCUMENT>0001144204-19-026385.txt : 20190515
<SEC-HEADER>0001144204-19-026385.hdr.sgml : 20190515
<ACCEPTANCE-DATETIME>20190515124550
ACCESSION NUMBER: 0001144204-19-026385
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190331
FILED AS OF DATE: 20190515
DATE AS OF CHANGE: 20190515
EFFECTIVENESS DATE: 20190515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Toroso Investments, LLC
CENTRAL INDEX KEY: 0001600064
IRS NUMBER: 454779500
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-19397
FILM NUMBER: 19826622
BUSINESS ADDRESS:
STREET 1: 898 N. BROADWAY
STREET 2: STE. 2
CITY: MASSAPEQUA
STATE: NY
ZIP: 11758
BUSINESS PHONE: 646-545-2195
MAIL ADDRESS:
STREET 1: 898 N. BROADWAY
STREET 2: STE. 2
CITY: MASSAPEQUA
STATE: NY
ZIP: 11758
</SEC-HEADER>
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<ns1:street2>Ste. 2</ns1:street2>
<ns1:city>Massapequa</ns1:city>
<ns1:stateOrCountry>NY</ns1:stateOrCountry>
<ns1:zipCode>11758</ns1:zipCode>
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<name>Daniel Carlson</name>
<title>Chief Compliance Officer</title>
<phone>844-986-7676</phone>
<signature>/s/ Daniel Carlson</signature>
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<stateOrCountry>NY</stateOrCountry>
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<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3841</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SQUARE INC</nameOfIssuer>
<titleOfClass>CL A</titleOfClass>
<cusip>852234103</cusip>
<value>4342</value>
<shrsOrPrnAmt>
<sshPrnamt>57953</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>57953</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SOCIEDAD QUIMICA MINERA DE CHI</nameOfIssuer>
<titleOfClass>SPON ADR SER B</titleOfClass>
<cusip>833635105</cusip>
<value>163</value>
<shrsOrPrnAmt>
<sshPrnamt>4235</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>4235</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD S</nameOfIssuer>
<titleOfClass>SPONSORED ADS</titleOfClass>
<cusip>874039100</cusip>
<value>3219</value>
<shrsOrPrnAmt>
<sshPrnamt>78595</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>78595</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VISA INC</nameOfIssuer>
<titleOfClass>COM CL A</titleOfClass>
<cusip>92826C839</cusip>
<value>797</value>
<shrsOrPrnAmt>
<sshPrnamt>5105</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>5105</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>XUNLEI LTD</nameOfIssuer>
<titleOfClass>SPONSORED ADR</titleOfClass>
<cusip>98419E108</cusip>
<value>1010</value>
<shrsOrPrnAmt>
<sshPrnamt>275888</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>2</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>275888</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>APPLE INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>037833100</cusip>
<value>470</value>
<shrsOrPrnAmt>
<sshPrnamt>2475</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2475</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AMBEV SA</nameOfIssuer>
<titleOfClass>SPONSORED ADR</titleOfClass>
<cusip>02319V103</cusip>
<value>100</value>
<shrsOrPrnAmt>
<sshPrnamt>29111</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>29111</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>CORE US AGGBD ET</titleOfClass>
<cusip>464287226</cusip>
<value>15</value>
<shrsOrPrnAmt>
<sshPrnamt>137</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>137</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>025816109</cusip>
<value>131</value>
<shrsOrPrnAmt>
<sshPrnamt>1200</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1200</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>BANCO BILBAO VIZCAYA ARGENTA</nameOfIssuer>
<titleOfClass>SPONSORED ADR</titleOfClass>
<cusip>05946K101</cusip>
<value>121</value>
<shrsOrPrnAmt>
<sshPrnamt>21101</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>21101</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD BD INDEX FD INC</nameOfIssuer>
<titleOfClass>TOTAL BND MRKT</titleOfClass>
<cusip>921937835</cusip>
<value>681</value>
<shrsOrPrnAmt>
<sshPrnamt>8385</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>8385</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
<titleOfClass>CL B NEW</titleOfClass>
<cusip>084670702</cusip>
<value>452</value>
<shrsOrPrnAmt>
<sshPrnamt>2250</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2250</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>MSCI EAFE ETF</titleOfClass>
<cusip>464287465</cusip>
<value>2827</value>
<shrsOrPrnAmt>
<sshPrnamt>43586</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>43586</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ALPHABET INC</nameOfIssuer>
<titleOfClass>CAP STK CL A</titleOfClass>
<cusip>02079K305</cusip>
<value>199</value>
<shrsOrPrnAmt>
<sshPrnamt>169</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>169</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES TR</nameOfIssuer>
<titleOfClass>MORNSTAR UPSTR</titleOfClass>
<cusip>33939L407</cusip>
<value>1398</value>
<shrsOrPrnAmt>
<sshPrnamt>42681</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>42681</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>CORE S&P SCP ETF</titleOfClass>
<cusip>464287804</cusip>
<value>690</value>
<shrsOrPrnAmt>
<sshPrnamt>8948</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>8948</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>IQVIA HLDGS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46266C105</cusip>
<value>215</value>
<shrsOrPrnAmt>
<sshPrnamt>1492</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1492</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN CHASE & CO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46625H100</cusip>
<value>37</value>
<shrsOrPrnAmt>
<sshPrnamt>370</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>370</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>594918104</cusip>
<value>71</value>
<shrsOrPrnAmt>
<sshPrnamt>600</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>600</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SAP SE</nameOfIssuer>
<titleOfClass>SPON ADR</titleOfClass>
<cusip>803054204</cusip>
<value>207</value>
<shrsOrPrnAmt>
<sshPrnamt>1795</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1795</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR S&P 500 ETF TR</nameOfIssuer>
<titleOfClass>TR UNIT</titleOfClass>
<cusip>78462F103</cusip>
<value>706</value>
<shrsOrPrnAmt>
<sshPrnamt>2500</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2500</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VISA INC</nameOfIssuer>
<titleOfClass>COM CL A</titleOfClass>
<cusip>92826C839</cusip>
<value>181</value>
<shrsOrPrnAmt>
<sshPrnamt>1158</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1158</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD TAX MANAGED INTL FD</nameOfIssuer>
<titleOfClass>FTSE DEV MKT ETF</titleOfClass>
<cusip>921943858</cusip>
<value>2106</value>
<shrsOrPrnAmt>
<sshPrnamt>51535</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>51535</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
<titleOfClass>ALLWRLD EX US</titleOfClass>
<cusip>922042775</cusip>
<value>1112</value>
<shrsOrPrnAmt>
<sshPrnamt>22179</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>22179</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
<titleOfClass>REAL ESTATE ETF</titleOfClass>
<cusip>922908553</cusip>
<value>722</value>
<shrsOrPrnAmt>
<sshPrnamt>8303</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>8303</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
<titleOfClass>GLB EX US ETF</titleOfClass>
<cusip>922042676</cusip>
<value>729</value>
<shrsOrPrnAmt>
<sshPrnamt>18770</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>18770</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
<titleOfClass>TOTAL STK MKT</titleOfClass>
<cusip>922908769</cusip>
<value>465</value>
<shrsOrPrnAmt>
<sshPrnamt>3213</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3213</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
<titleOfClass>FTSE EMR MKT ETF</titleOfClass>
<cusip>922042858</cusip>
<value>765</value>
<shrsOrPrnAmt>
<sshPrnamt>61024</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>DFND</investmentDiscretion>
<otherManager>1</otherManager>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>61024</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>APPLE INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>037833100</cusip>
<value>3</value>
<shrsOrPrnAmt>
<sshPrnamt>17</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>17</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>CORE US AGGBD ET</titleOfClass>
<cusip>464287226</cusip>
<value>3998</value>
<shrsOrPrnAmt>
<sshPrnamt>36662</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>36662</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ETFIS SER TR I</nameOfIssuer>
<titleOfClass>INFRAC ACT MLP</titleOfClass>
<cusip>26923G103</cusip>
<value>95</value>
<shrsOrPrnAmt>
<sshPrnamt>15955</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>15955</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TIDEL ETF TR</nameOfIssuer>
<titleOfClass>AWARE ULTRASHR</titleOfClass>
<cusip>886364108</cusip>
<value>469</value>
<shrsOrPrnAmt>
<sshPrnamt>9330</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>9330</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>025816109</cusip>
<value>90</value>
<shrsOrPrnAmt>
<sshPrnamt>823</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>823</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO EXCHNG TRADED FD TR</nameOfIssuer>
<titleOfClass>TAXABLE MUN BD</titleOfClass>
<cusip>46138G805</cusip>
<value>1611</value>
<shrsOrPrnAmt>
<sshPrnamt>52955</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>52955</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GRANITESHARES GOLD TR</nameOfIssuer>
<titleOfClass>SHS BEN INT</titleOfClass>
<cusip>38748G101</cusip>
<value>180</value>
<shrsOrPrnAmt>
<sshPrnamt>14000</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>14000</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AMPLIFY ETF TR</nameOfIssuer>
<titleOfClass>ADVANCED BATTERY</titleOfClass>
<cusip>032108805</cusip>
<value>762</value>
<shrsOrPrnAmt>
<sshPrnamt>60707</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>60707</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>BLACKROCK ENHANCED INTL DIV</nameOfIssuer>
<titleOfClass>COM BENE INTER</titleOfClass>
<cusip>092524107</cusip>
<value>104</value>
<shrsOrPrnAmt>
<sshPrnamt>18750</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>18750</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AMPLIFY ETF TR</nameOfIssuer>
<titleOfClass>ONLIN RETL ETF</titleOfClass>
<cusip>032108607</cusip>
<value>272</value>
<shrsOrPrnAmt>
<sshPrnamt>15514</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>15514</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
<titleOfClass>CL B NEW</titleOfClass>
<cusip>084670702</cusip>
<value>588</value>
<shrsOrPrnAmt>
<sshPrnamt>2928</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>2928</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD BD INDEX FD INC</nameOfIssuer>
<titleOfClass>SHORT TRM BOND</titleOfClass>
<cusip>921937827</cusip>
<value>264</value>
<shrsOrPrnAmt>
<sshPrnamt>3327</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>3327</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FQF TR</nameOfIssuer>
<titleOfClass>AGFIQ US MK ANTI</titleOfClass>
<cusip>351680707</cusip>
<value>1386</value>
<shrsOrPrnAmt>
<sshPrnamt>64314</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>64314</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ETF SER SOLUTIONS</nameOfIssuer>
<titleOfClass>BRAND VALUE</titleOfClass>
<cusip>26922A693</cusip>
<value>258</value>
<shrsOrPrnAmt>
<sshPrnamt>16440</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>16440</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CBOE GLOBAL MARKETS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>12503M108</cusip>
<value>426</value>
<shrsOrPrnAmt>
<sshPrnamt>4470</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>4470</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>COEUR MNG INC</nameOfIssuer>
<titleOfClass>COM NEW</titleOfClass>
<cusip>192108504</cusip>
<value>1236</value>
<shrsOrPrnAmt>
<sshPrnamt>303055</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>303055</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EXCHANGE LISTED FDS TR</nameOfIssuer>
<titleOfClass>SABA INT RATE</titleOfClass>
<cusip>30151E806</cusip>
<value>1746</value>
<shrsOrPrnAmt>
<sshPrnamt>88206</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>88206</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>17275R102</cusip>
<value>288</value>
<shrsOrPrnAmt>
<sshPrnamt>5340</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>5340</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DAVIS FUNDAMENTAL ETF TR</nameOfIssuer>
<titleOfClass>SELECT WRLD WI</titleOfClass>
<cusip>23908L306</cusip>
<value>232</value>
<shrsOrPrnAmt>
<sshPrnamt>10026</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>10026</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EXCHANGE TRADED CONCEPTS TR</nameOfIssuer>
<titleOfClass>EMQQ EM INTERN</titleOfClass>
<cusip>301505889</cusip>
<value>399</value>
<shrsOrPrnAmt>
<sshPrnamt>12141</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>12141</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIRST TR EXCHANGE TRADED FD</nameOfIssuer>
<titleOfClass>FIRST TR ENH NEW</titleOfClass>
<cusip>33739Q408</cusip>
<value>6769</value>
<shrsOrPrnAmt>
<sshPrnamt>112866</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>112866</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GOLDMAN SACHS ETF TR</nameOfIssuer>
<titleOfClass>ACTIVEBETA EME</titleOfClass>
<cusip>381430206</cusip>
<value>292</value>
<shrsOrPrnAmt>
<sshPrnamt>8996</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>8996</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR GOLD TRUST</nameOfIssuer>
<titleOfClass>GOLD SHS</titleOfClass>
<cusip>78463V107</cusip>
<value>3372</value>
<shrsOrPrnAmt>
<sshPrnamt>27641</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>27641</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CREDIT SUISSE NASSAU BRH</nameOfIssuer>
<titleOfClass>X LINK GOLD SHS</titleOfClass>
<cusip>22542D480</cusip>
<value>574</value>
<shrsOrPrnAmt>
<sshPrnamt>67010</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>67010</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ABERDEEN STD PRECIOUS METALS</nameOfIssuer>
<titleOfClass>PHYSCL PM BASKET</titleOfClass>
<cusip>003263100</cusip>
<value>2800</value>
<shrsOrPrnAmt>
<sshPrnamt>43973</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>43973</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>U S GLOBAL INVS INC</nameOfIssuer>
<titleOfClass>CL A</titleOfClass>
<cusip>902952100</cusip>
<value>280</value>
<shrsOrPrnAmt>
<sshPrnamt>256924</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>256924</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO ACTIVELY MANAGD ETF</nameOfIssuer>
<titleOfClass>ULTRA SHRT DUR</titleOfClass>
<cusip>46090A887</cusip>
<value>3810</value>
<shrsOrPrnAmt>
<sshPrnamt>75780</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>75780</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GRANITESHARES ETF TR</nameOfIssuer>
<titleOfClass>HIPS US HIGH INC</titleOfClass>
<cusip>38747R306</cusip>
<value>464</value>
<shrsOrPrnAmt>
<sshPrnamt>27300</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>27300</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EXCHANGE LISTED FDS TR</nameOfIssuer>
<titleOfClass>HIGH YIELD ETF</titleOfClass>
<cusip>30151E814</cusip>
<value>388</value>
<shrsOrPrnAmt>
<sshPrnamt>11135</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>11135</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES GOLD TRUST</nameOfIssuer>
<titleOfClass>ISHARES</titleOfClass>
<cusip>464285105</cusip>
<value>1257</value>
<shrsOrPrnAmt>
<sshPrnamt>101554</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>101554</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>459200101</cusip>
<value>354</value>
<shrsOrPrnAmt>
<sshPrnamt>2512</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>2512</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>BARCLAYS 7 10 YR</titleOfClass>
<cusip>464287440</cusip>
<value>2681</value>
<shrsOrPrnAmt>
<sshPrnamt>25137</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>25137</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO EXCHNG TRADED FD TR</nameOfIssuer>
<titleOfClass>INTL BUYBACK</titleOfClass>
<cusip>46138E644</cusip>
<value>318</value>
<shrsOrPrnAmt>
<sshPrnamt>10053</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>10053</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JOHNSON & JOHNSON</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>478160104</cusip>
<value>284</value>
<shrsOrPrnAmt>
<sshPrnamt>2036</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>2036</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN CHASE & CO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46625H100</cusip>
<value>219</value>
<shrsOrPrnAmt>
<sshPrnamt>2161</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>2161</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GLOBAL X FDS</nameOfIssuer>
<titleOfClass>CONSCIOUS COS</titleOfClass>
<cusip>37954Y731</cusip>
<value>1294</value>
<shrsOrPrnAmt>
<sshPrnamt>61458</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>61458</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PIMCO ETF TR</nameOfIssuer>
<titleOfClass>ENHAN SHRT MA AC</titleOfClass>
<cusip>72201R833</cusip>
<value>1235</value>
<shrsOrPrnAmt>
<sshPrnamt>12161</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>12161</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>594918104</cusip>
<value>661</value>
<shrsOrPrnAmt>
<sshPrnamt>5615</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>5615</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES US ETF TR</nameOfIssuer>
<titleOfClass>SHT MAT BD ETF</titleOfClass>
<cusip>46431W507</cusip>
<value>1237</value>
<shrsOrPrnAmt>
<sshPrnamt>24636</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>24636</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>NEUBERGER BERMAN HGH YLD FD</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>64128C106</cusip>
<value>128</value>
<shrsOrPrnAmt>
<sshPrnamt>11400</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>11400</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>NOVAVAX INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>670002104</cusip>
<value>24</value>
<shrsOrPrnAmt>
<sshPrnamt>45085</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>45085</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ORACLE CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>68389X105</cusip>
<value>236</value>
<shrsOrPrnAmt>
<sshPrnamt>4403</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>4403</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO EXCHNG TRADED FD TR</nameOfIssuer>
<titleOfClass>CEF INM COMPSI</titleOfClass>
<cusip>46138E404</cusip>
<value>2294</value>
<shrsOrPrnAmt>
<sshPrnamt>103579</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>103579</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>LISTED FD TR</nameOfIssuer>
<titleOfClass>EVENTSHS US PLCY</titleOfClass>
<cusip>53656F102</cusip>
<value>272</value>
<shrsOrPrnAmt>
<sshPrnamt>12934</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>12934</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WISDOMTREE TR</nameOfIssuer>
<titleOfClass>CBOE S&P 500</titleOfClass>
<cusip>97717X560</cusip>
<value>403</value>
<shrsOrPrnAmt>
<sshPrnamt>14983</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>14983</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES TR</nameOfIssuer>
<titleOfClass>READY ACC VARI</titleOfClass>
<cusip>33939L886</cusip>
<value>490</value>
<shrsOrPrnAmt>
<sshPrnamt>6488</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>6488</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EXCHANGE TRADED CONCEPTS TR</nameOfIssuer>
<titleOfClass>ROBO GLB ETF</titleOfClass>
<cusip>301505707</cusip>
<value>507</value>
<shrsOrPrnAmt>
<sshPrnamt>13107</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>13107</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO EXCHANGE TRADED FD T</nameOfIssuer>
<titleOfClass>S&P500 EQL WGT</titleOfClass>
<cusip>46137V357</cusip>
<value>531</value>
<shrsOrPrnAmt>
<sshPrnamt>5092</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>5092</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ETF SER SOLUTIONS</nameOfIssuer>
<titleOfClass>REVERSE WEIGHT</titleOfClass>
<cusip>26922A685</cusip>
<value>2628</value>
<shrsOrPrnAmt>
<sshPrnamt>159565</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>159565</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>OPPENHEIMER ETF TR</nameOfIssuer>
<titleOfClass>S&P MDCP 400 REV</titleOfClass>
<cusip>68386C203</cusip>
<value>1163</value>
<shrsOrPrnAmt>
<sshPrnamt>19630</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>19630</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES TR</nameOfIssuer>
<titleOfClass>1 3 YR TREAS BD</titleOfClass>
<cusip>464287457</cusip>
<value>3408</value>
<shrsOrPrnAmt>
<sshPrnamt>40514</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>40514</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CREDIT SUISSE NASSAU BRH</nameOfIssuer>
<titleOfClass>X LINK SILVER SH</titleOfClass>
<cusip>22542D449</cusip>
<value>151</value>
<shrsOrPrnAmt>
<sshPrnamt>22544</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>22544</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR S&P 500 ETF TR</nameOfIssuer>
<titleOfClass>TR UNIT</titleOfClass>
<cusip>78462F103</cusip>
<value>306</value>
<shrsOrPrnAmt>
<sshPrnamt>1091</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>1091</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EXCHANGE TRADED CONCEPTS TR</nameOfIssuer>
<titleOfClass>ETF IND EX FIN</titleOfClass>
<cusip>301505814</cusip>
<value>1556</value>
<shrsOrPrnAmt>
<sshPrnamt>87926</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>87926</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES TR</nameOfIssuer>
<titleOfClass>M STAR DEV MKT</titleOfClass>
<cusip>33939L803</cusip>
<value>318</value>
<shrsOrPrnAmt>
<sshPrnamt>5242</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>5242</Sole>
<Shared>0</Shared>
<None>0</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TEXAS PAC LD TR</nameOfIssuer>
<titleOfClass>SUB CTF PROP I T</titleOfClass>
<cusip>882610108</cusip>
<value>815</value>
<shrsOrPrnAmt>
<sshPrnamt>1053</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
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<Sole>108463</Sole>
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<sshPrnamt>510</sshPrnamt>
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<Sole>510</Sole>
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<sshPrnamt>27942</sshPrnamt>
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