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
POWERSHARES EXCHANGE TRADED FD TR II S&P SMALLCAP MATERIALS PORT ETF 73937B852 15,654 327,972 SH   SOLE   327,972 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC SEMICONDUCTORS PORTFOLIO ETF 73935X781 14,238 394,519 SH   SOLE   394,519 0 0
POWERSHARES EXCH TRADED FD TST II KBW REGL BK PORT ETF 73937B712 8,714 155,850 SH   SOLE   155,850 0 0
FIRST TR DOW JONES SELECT MICROCAP INDEX FD COM SHS ANNUAL ETF 33718M105 24,111 546,738 SH   SOLE   546,738 0 0
POWERSHARES EXCHANGE TRADED FD TR II S&P SMALLCAP INFORMATION TECHNOLOGY PORT ETF 73937B860 21,601 310,131 SH   SOLE   310,131 0 0
FIRST TRUST NASDAQ ABA CBIF ETF 33736Q104 18,800 356,070 SH   SOLE   356,070 0 0
ISHARES US BROKER-DEALERS & SECURITIES EXCHANGES ETF ETF 464288794 7,984 161,350 SH   SOLE   161,350 0 0
GUGGENHEIM S&P SMALLCAP 600 PURE VALUE ETF ETF 78355W700 7,887 108,008 SH   SOLE   108,008 0 0
SPDR SER TR S&P METALS & MNG ETF ETF 78464A755 2,643 86,896 SH   SOLE   86,896 0 0
FIRST TRUST WATER ETF ETF 33733B100 815 20,598 SH   SOLE   20,598 0 0
VANECK VECTORS ETF TR RUSSIA SMALL CAP ETF 92189F734 3,524 92,524 SH   SOLE   92,524 0 0
FIRST TR EXCH TRADED ALPHADEX FD II LATIN AMER ALPHADEX FD ETF 33737J125 3,637 195,426 SH   SOLE   195,426 0 0
GLOBAL X FDS GLOBAL X COPPER ETF 37954Y830 220 10,978 SH   SOLE   10,978 0 0
VANECK VECTORS ETF TR STEEL ETF ETF 92189F205 247 6,525 SH   SOLE   6,525 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET ETF 92189F676 7,260 101,338 SH   SOLE   101,338 0 0
VANECK VECTORS ETF TR COAL ETF ETF 92189F809 228 18,599 SH   SOLE   18,599 0 0
PROSHARES TR RUSS 2000 DIVD ETF 74347B698 12,867 239,423 SH   SOLE   239,423 0 0
WISDOMTREE TRUST JAPAN HEDGED FINLS FD ETF 97717W463 4,318 179,991 SH   SOLE   179,991 0 0
WISDOMTREE TR JAPAN HEDGED CAP ETF 97717W356 408 16,748 SH   SOLE   16,748 0 0