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
0-5 Year High Yield ETF - PIMC COM 72201r783 630 6,330 SH   SOLE   3,165 0 3,165
20+ yr Treasury ETF - iShares COM 464287432 8,543 62,130 SH   SOLE   31,065 0 31,065
Barclays 1-3 Yr Credit Bond ET COM 464288646 580 5,480 SH   SOLE   2,740 0 2,740
Barclays Aggregate Bond Fund E COM 464287226 1,276 11,350 SH   SOLE   5,675 0 5,675
Blackrock Core Bond Trust COM 09249E101 731 51,440 SH   SOLE   25,720 0 25,720
Blackrock Global Floating Rate COM 091941104 666 49,250 SH   SOLE   24,625 0 24,625
Blackrock MuniYield Quality COM 09254E103 952 62,580 SH   SOLE   31,290 0 31,290
Blackstone/GSO Senior Loan ETF COM 78467V608 2,004 42,380 SH   SOLE   21,190 0 21,190
Eaton Vance Ltd Duration Incom COM 27828h105 384 28,000 SH   SOLE   14,000 0 14,000
High Yield 0-5yr Bond ETF - SP COM 78468R408 636 22,970 SH   SOLE   11,485 0 11,485
High Yield L/S ETF - First Tru COM 33738d408 1,659 34,100 SH   SOLE   17,050 0 17,050
Invesco Muni CEF COM 46131j103 2,744 199,020 SH   SOLE   99,510 0 99,510
Senior Loan ETF - Powershares COM 73936q769 431 18,570 SH   SOLE   9,285 0 9,285
Short Term Muni Bond ETF - SPD COM 78468r739 6,142 125,740 SH   SOLE   62,870 0 62,870
VanEck Vectors JPM EM ETF- Mar COM 92189f494 1,399 73,330 SH   SOLE   36,665 0 36,665
iBonds Dec18 Corp ETF -iShares COM 46434vaa8 1,383 54,750 SH   SOLE   27,375 0 27,375
DB Commodity Index ETF - Power COM 73935s105 4,146 276,200 SH   SOLE   138,100 0 138,100
Aetna Inc New COM 00817y108 687 5,950 SH   SOLE   2,975 0 2,975
Alphabet Inc Class A COM 02079k305 1,176 1,462 SH   SOLE   731 0 731
Apple Inc COM 037833100 4,767 42,166 SH   SOLE   21,083 0 21,083
Bank of America Corp COM 060505104 683 43,640 SH   SOLE   21,820 0 21,820
CBS Corp New Cl B COM 124857202 635 11,600 SH   SOLE   5,800 0 5,800
CVS Caremark Corp COM 126650100 1,125 12,640 SH   SOLE   6,320 0 6,320
Facebook Inc COM 30303m102 1,452 11,322 SH   SOLE   5,661 0 5,661
Gilead Sciences Inc COM 375558103 731 9,244 SH   SOLE   4,622 0 4,622
Hormel Foods Corp COM 440452100 671 17,700 SH   SOLE   8,850 0 8,850
Hovnanian Enterprises Inc. COM 442487203 61 36,360 SH   SOLE   18,180 0 18,180
Nike Inc Cl B COM 654106103 616 11,700 SH   SOLE   5,850 0 5,850
Palo Alto Networks Inc. COM 697435105 809 5,080 SH   SOLE   2,540 0 2,540
Quality S&P500 - SPDR ETF COM 78468R812 985 15,600 SH   SOLE   7,800 0 7,800
Robert Half International Inc COM 770323103 703 18,580 SH   SOLE   9,290 0 9,290
Southwest Airlines Co COM 844741108 778 20,000 SH   SOLE   10,000 0 10,000
US Equity Large Cap ETF - Firs COM 33734k109 37,816 809,080 SH   SOLE   404,540 0 404,540
US Large Cap ETF - Goldman Sac COM 381430503 810 18,600 SH   SOLE   9,300 0 9,300
US S&P 500 Index ETF - SPDR COM 78462F103 101,893 471,072 SH   SOLE   235,536 0 235,536
US S&P500 ETF - iShares COM 464287200 24,245 111,442 SH   SOLE   55,721 0 55,721
Valero Energy Corp New COM 91913y100 691 13,040 SH   SOLE   6,520 0 6,520
Walt Disney Co COM 254687106 721 7,760 SH   SOLE   3,880 0 3,880
Australia ETF - iShares COM 464286103 6,932 331,660 SH   SOLE   165,830 0 165,830
Austria ETF - iShares COM 464286202 7,786 477,060 SH   SOLE   238,530 0 238,530
Canada ETF - iShares COM 464286509 1,804 70,220 SH   SOLE   35,110 0 35,110
China ETF - iShares COM 46429b671 17,355 357,840 SH   SOLE   178,920 0 178,920
Germany Hedged ETF - Deutsche COM 233051408 9,723 415,690 SH   SOLE   207,845 0 207,845
Hong Kong ETF - iShares COM 464286871 5,673 257,750 SH   SOLE   128,875 0 128,875
India ETF - iShares COM 464289529 3,175 106,530 SH   SOLE   53,265 0 53,265
Indonesia ETF - iShares COM 46429B309 2,564 96,980 SH   SOLE   48,490 0 48,490
Israel ETF - iShares COM 464286632 965 20,100 SH   SOLE   10,050 0 10,050
Japan Hedged Equity ETF - Wisd COM 97717w851 4,038 94,100 SH   SOLE   47,050 0 47,050
Japan Nikkei 400 ETF - Deutsch COM 233051663 23,078 947,360 SH   SOLE   473,680 0 473,680
Korea Hedged ETF - Deutsche Ba COM 233051812 13,886 570,990 SH   SOLE   285,495 0 285,495
MSCI Emerging Markets ETF - iS COM 464287234 2,170 57,940 SH   SOLE   28,970 0 28,970
Mexico ETF - iShares COM 464286822 447 9,220 SH   SOLE   4,610 0 4,610
Taiwan ETF - iShares COM 464286731 5,555 353,840 SH   SOLE   176,920 0 176,920
Thailand ETF - iShares COM 464286624 8,153 110,910 SH   SOLE   55,455 0 55,455
Turkey ETF - iShares COM 464286715 654 17,282 SH   SOLE   8,641 0 8,641
United Kingdom ETF - iShares COM 46434v548 5,837 368,520 SH   SOLE   184,260 0 184,260
ACWI ex US ETF - iShares COM 464288240 1,004 24,200 SH   SOLE   12,100 0 12,100
All Country World Index ETF - COM 464288257 2,740 46,360 SH   SOLE   23,180 0 23,180
Hedged ACWI ex US ETF - Deutsc COM 233051820 6,973 301,750 SH   SOLE   150,875 0 150,875
US Dollar Bullish ETF - Powers COM 73936d107 4,640 188,020 SH   SOLE   94,010 0 94,010
Multi-Strategy Tracker ETF - I COM 45409B107 7,099 242,300 SH   SOLE   121,150 0 121,150