The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 433 24,000 SH   SOLE NONE 0 0 24,000
ISHARES CNTRY MIN VL ETF 464286525 821 11,850 SH   SOLE NONE 0 0 11,850
ISHARES TR SELECT DIVID ETF 464287168 648 8,625 SH   SOLE NONE 0 0 8,625
ISHARES TR TIPS BD ETF 464287176 1,590 14,500 SH   SOLE NONE 0 0 14,500
ISHARES TR CORE US AGGBD ET 464287226 2,401 22,230 SH   SOLE NONE 0 0 22,230
ISHARES TR MSCI EMG MKT ETF 464287234 7,802 242,370 SH   SOLE NONE 0 0 242,370
ISHARES TR IBOXX INV CP ETF 464287242 6,955 61,000 SH   SOLE NONE 0 0 61,000
ISHARES TR S&P 500 VAL ETF 464287408 818 9,240 SH   SOLE NONE 0 0 9,240
ISHARES TR 1-3 YR TR BD ETF 464287457 7,484 88,710 SH   SOLE NONE 0 0 88,710
ISHARES TR RUS MID-CAP ETF 464287499 1,550 9,675 SH   SOLE NONE 0 0 9,675
ISHARES TR CORE S&P MCP ETF 464287507 428 3,075 SH   SOLE NONE 0 0 3,075
ISHARES TR RUS 1000 VAL ETF 464287598 5,439 55,580 SH   SOLE NONE 0 0 55,580
ISHARES TR RUSSELL 2000 ETF 464287655 1,899 16,860 SH   SOLE NONE 0 0 16,860
ISHARES TR U.S. REAL ES ETF 464287739 4,006 53,350 SH   SOLE NONE 0 0 53,350
ISHARES TR U.S. ENERGY ETF 464287796 1,608 47,500 SH   SOLE NONE 0 0 47,500
ISHARES TR CORE S&P SCP ETF 464287804 10,857 98,602 SH   SOLE NONE 0 0 98,602
ISHARES TR SP SMCP600VL ETF 464287879 806 7,450 SH   SOLE NONE 0 0 7,450
ISHARES TR NAT AMT FREE BD 464288414 14,918 134,745 SH   SOLE NONE 0 0 134,745
ISHARES TR INTL SEL DIV ETF 464288448 797 27,750 SH   SOLE NONE 0 0 27,750
ISHARES TR MBS ETF 464288588 11,061 102,700 SH   SOLE NONE 0 0 102,700
ISHARES TR INTERM CR BD ETF 464288638 15,590 145,325 SH   SOLE NONE 0 0 145,325
ISHARES TR U.S. PFD STK ETF 464288687 207 5,340 SH   SOLE NONE 0 0 5,340
ISHARES TR U.S. PHARMA ETF 464288836 2,395 14,815 SH   SOLE NONE 0 0 14,815
ISHARES TR CORE US TR BD 46429B267 1,649 65,800 SH   SOLE NONE 0 0 65,800
ISHARES TR EAFE MIN VOL ETF 46429B689 12,962 199,810 SH   SOLE NONE 0 0 199,810
ISHARES TR USA MIN VOL ETF 46429B697 13,619 325,650 SH   SOLE NONE 0 0 325,650
ISHARES TR MSCI USAMOMFCT 46432F396 1,693 23,100 SH   SOLE NONE 0 0 23,100
PIMCO ETF TR BROAD US TIPS 72201R403 497 9,000 SH   SOLE NONE 0 0 9,000
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 621 6,775 SH   SOLE NONE 0 0 6,775
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 8,930 79,830 SH   SOLE NONE 0 0 79,830
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 60 12,560 SH   SOLE NONE 0 0 12,560
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 803 8,550 SH   SOLE NONE 0 0 8,550
POWERSHARES ETF TRUST DYN PHRMA PORT 73935X799 2,644 37,785 SH   SOLE NONE 0 0 37,785
POWERSHARES GLOBAL ETF TRUST I-30 LAD TREAS 73936T524 3,614 111,960 SH   SOLE NONE 0 0 111,960
POWERSHARES GLOBAL ETF TRUST FDM HG YLD RAFI 73936T557 6,308 361,700 SH   SOLE NONE 0 0 361,700
POWERSHARES ETF TR II VAR RATE PFD POR 73937B597 873 36,000 SH   SOLE NONE 0 0 36,000
POWERSHARES ETF TR II S&P600 LOVL PT 73937B639 832 24,650 SH   SOLE NONE 0 0 24,650
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 835 24,550 SH   SOLE NONE 0 0 24,550
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 860 22,300 SH   SOLE NONE 0 0 22,300
PROVECTUS BIOPHARMACEUTICALS COM 74373P108 4 10,000 SH   SOLE NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,476 66,100 SH   SOLE NONE 0 0 66,100
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 367 11,000 SH   SOLE NONE 0 0 11,000
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 1,868 43,150 SH   SOLE NONE 0 0 43,150
SPDR SERIES TRUST S&P PHARMAC 78464A722 3,297 64,400 SH   SOLE NONE 0 0 64,400
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,053 8,080 SH   SOLE NONE 0 0 8,080
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 7,086 98,380 SH   SOLE NONE 0 0 98,380
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 501 9,930 SH   SOLE NONE 0 0 9,930
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 4,819 61,660 SH   SOLE NONE 0 0 61,660
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 607 10,060 SH   SOLE NONE 0 0 10,060
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 588 11,100 SH   SOLE NONE 0 0 11,100
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 6,009 138,835 SH   SOLE NONE 0 0 138,835
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 890 11,440 SH   SOLE NONE 0 0 11,440
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 753 11,280 SH   SOLE NONE 0 0 11,280
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 13,885 262,580 SH   SOLE NONE 0 0 262,580
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 1,172 27,000 SH   SOLE NONE 0 0 27,000
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,773 54,200 SH   SOLE NONE 0 0 54,200
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 3,724 28,850 SH   SOLE NONE 0 0 28,850
VANGUARD WORLD FDS ENERGY ETF 92204A306 1,588 19,100 SH   SOLE NONE 0 0 19,100
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 2,953 22,220 SH   SOLE NONE 0 0 22,220
VANGUARD WORLD FDS UTILITIES ETF 92204A876 1,077 11,470 SH   SOLE NONE 0 0 11,470
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 12,108 153,290 SH   SOLE NONE 0 0 153,290
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 812 9,450 SH   SOLE NONE 0 0 9,450
VANGUARD INDEX FDS REIT ETF 922908553 2,783 34,905 SH   SOLE NONE 0 0 34,905
VANGUARD INDEX FDS MID CAP ETF 922908629 1,530 12,740 SH   SOLE NONE 0 0 12,740
VANGUARD INDEX FDS SMALL CP ETF 922908751 2,004 18,110 SH   SOLE NONE 0 0 18,110