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
GUGGENHM FRONTIER MARKETS ETF ETF 18383Q838 7,114 520,430 SH   SOLE   520,430 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC SEMICONDUCTORS PORTFOLIO ETF 73935X781 20,196 483,962 SH   SOLE   483,962 0 0
POWERSHARES DWA UTILITIES MOMENTUM ETF 73935X591 4,272 155,352 SH   SOLE   155,352 0 0
SECTOR SPDR TR SHS BEN INT UTILITIES ETF 81369Y886 16,214 312,043 SH   SOLE   312,043 0 0
POWERSHARES EXCHANGE TRADED FD TR II S&P SMALLCAP INFORMATION TECHNOLOGY PORT ETF 73937B860 27,325 437,966 SH   SOLE   437,966 0 0
ISHARES TR MTG REL ETF NEW ETF 46435G342 19,039 410,510 SH   SOLE   410,510 0 0
ISHARES MSCI AUSTRIA CAPPED ETF ETF 464286202 3,428 161,400 SH   SOLE   161,400 0 0
SPDR S&P INT TECHNOLOGY SECT ETF 78463X657 7,006 164,367 SH   SOLE   164,367 0 0
GUGG S&P 500 EQ WGT TECH ETF 78355W817 9,822 78,699 SH   SOLE   78,699 0 0
EXCHANGE TRADED CONCEPTS TR ROBO GLOBAL ROBOTICS AND AUTOMATION INDEX ETF ETF 301505707 768 22,415 SH   SOLE   22,415 0 0
ISHARES TR MSCI INDIA SM CP ETF 46429B614 6,340 142,769 SH   SOLE   142,769 0 0
ISHARES TR U.S. MED DVC ETF ETF 464288810 18,419 110,550 SH   SOLE   110,550 0 0
GLOBAL X FUNDS GLOBAL X SOCIAL MEDIA ETF ETF 37950E416 663 23,433 SH   SOLE   23,433 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET ETF 92189F676 11,422 139,534 SH   SOLE   139,534 0 0
EXCHANGE TRADED CONCEPTS TR EMQQ EM INTERN ETF 301505889 603 19,030 SH   SOLE   19,030 0 0
VANECK VECTORS ETF TR MTG REIT INCOME ETF 92189F452 446 18,044 SH   SOLE   18,044 0 0
VANECK VECTORS ETF TR GAMING ETF ETF 57060U829 602 14,791 SH   SOLE   14,791 0 0