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 1,258 12,450 SH   SOLE   6,225 0 6,225
Barclays 1-3 Yr Credit Bond ET COM 464288646 990 9,410 SH   SOLE   4,705 0 4,705
Blackrock Core Bond Trust COM 09249E101 643 48,130 SH   SOLE   24,065 0 24,065
Blackrock Global Floating Rate COM 091941104 640 44,810 SH   SOLE   22,405 0 22,405
Blackrock Limited Duration CEF COM 09249w101 891 57,210 SH   SOLE   28,605 0 28,605
Blackrock Multi-Sector Income COM 09258A107 1,445 83,460 SH   SOLE   41,730 0 41,730
Blackrock MuniYield Quality COM 09254E103 872 62,580 SH   SOLE   31,290 0 31,290
Blackstone/GSO Senior Loan ETF COM 78467V608 1,582 33,280 SH   SOLE   16,640 0 16,640
Eaton Vance Ltd Duration Incom COM 27828h105 465 33,654 SH   SOLE   16,827 0 16,827
High Yield 0-5yr Bond ETF - SP COM 78468R408 681 24,370 SH   SOLE   12,185 0 12,185
High Yield L/S ETF - First Tru COM 33738d408 1,666 34,100 SH   SOLE   17,050 0 17,050
Invesco Cali Value Muni CEF COM 46132H106 286 23,200 SH   SOLE   11,600 0 11,600
Invesco Muni CEF COM 46131j103 1,334 106,490 SH   SOLE   53,245 0 53,245
MS EM Domestic Debt CEF COM 617477104 825 108,900 SH   SOLE   54,450 0 54,450
Senior Loan ETF - Powershares COM 73936q769 773 33,250 SH   SOLE   16,625 0 16,625
Sr Floating Rate CEF - FirstTr COM 33733u108 900 65,040 SH   SOLE   32,520 0 32,520
iBonds Dec18 Corp ETF -iShares COM 46434vaa8 730 29,000 SH   SOLE   14,500 0 14,500
AT&T Inc COM 00206R102 438 10,544 SH   SOLE   5,272 0 5,272
AbbVie Inc. COM 00287Y109 473 7,256 SH   SOLE   3,628 0 3,628
Activision Inc. COM 00507v109 477 9,564 SH   SOLE   4,782 0 4,782
Adobe Systems Inc COM 00724f101 457 3,510 SH   SOLE   1,755 0 1,755
Aetna Inc New COM 00817y108 542 4,250 SH   SOLE   2,125 0 2,125
Alphabet Inc Class A COM 02079k305 768 906 SH   SOLE   453 0 453
American Airlines COM 02376r102 449 10,624 SH   SOLE   5,312 0 5,312
American Express Co COM 025816109 444 5,610 SH   SOLE   2,805 0 2,805
American Tower Corp-Class A COM 03027x100 491 4,038 SH   SOLE   2,019 0 2,019
Avalonbay Cmntys Inc COM 053484101 445 2,422 SH   SOLE   1,211 0 1,211
Bank of America Corp COM 060505104 991 42,026 SH   SOLE   21,013 0 21,013
Best Buy Inc COM 086516101 558 11,352 SH   SOLE   5,676 0 5,676
Boeing Co COM 097023105 439 2,480 SH   SOLE   1,240 0 1,240
CBS Corp New Cl B COM 124857202 805 11,600 SH   SOLE   5,800 0 5,800
Constellation Brands, Inc. COM 21036P108 489 3,020 SH   SOLE   1,510 0 1,510
Darden Restaurants Inc COM 237194105 497 5,938 SH   SOLE   2,969 0 2,969
Delta Air Lines Inc COM 247361702 434 9,450 SH   SOLE   4,725 0 4,725
Facebook Inc COM 30303m102 1,469 10,344 SH   SOLE   5,172 0 5,172
Ford Motor Co. COM 345370860 453 38,910 SH   SOLE   19,455 0 19,455
Gap Inc COM 364760108 454 18,676 SH   SOLE   9,338 0 9,338
General Motors Corp. COM 37045V100 442 12,492 SH   SOLE   6,246 0 6,246
Gilead Sciences Inc COM 375558103 1,096 16,138 SH   SOLE   8,069 0 8,069
Goldman Sachs Group Inc COM 38141G104 444 1,932 SH   SOLE   966 0 966
Hasbro Inc. COM 418056107 453 4,540 SH   SOLE   2,270 0 2,270
Hovnanian Enterprises Inc. COM 442487203 83 36,360 SH   SOLE   18,180 0 18,180
Kohls Corp COM 500255104 451 11,330 SH   SOLE   5,665 0 5,665
Mastercard Inc COM 57636q104 461 4,102 SH   SOLE   2,051 0 2,051
Metlife Inc COM 59156r108 438 8,294 SH   SOLE   4,147 0 4,147
Monster Beverage Corp COM 61174x109 472 10,218 SH   SOLE   5,109 0 5,109
Morgan Stanley COM 617446448 432 10,086 SH   SOLE   5,043 0 5,043
Netflix Inc COM 64110l106 475 3,216 SH   SOLE   1,608 0 1,608
Priceline.com Inc New COM 741503403 441 248 SH   SOLE   124 0 124
Quality S&P500 - SPDR ETF COM 78468R812 14,910 218,490 SH   SOLE   109,245 0 109,245
Royal Caribbean Cruises Ltd. COM V7780T103 452 4,610 SH   SOLE   2,305 0 2,305
Schwab Charles Corp COM 808513105 436 10,686 SH   SOLE   5,343 0 5,343
Scientific Beta US ETF - Globa COM 37954Y103 13,900 500,180 SH   SOLE   250,090 0 250,090
Six Flags Inc. COM 83001a102 451 7,580 SH   SOLE   3,790 0 3,790
Southwest Airlines Co COM 844741108 669 12,440 SH   SOLE   6,220 0 6,220
Square Inc - A COM 852234103 452 26,160 SH   SOLE   13,080 0 13,080
T-Moblie US Inc. COM 872590104 464 7,182 SH   SOLE   3,591 0 3,591
US Large Cap ETF - Goldman Sac COM 381430503 4,070 87,010 SH   SOLE   43,505 0 43,505
US S&P 500 Index ETF - SPDR COM 78462F103 71,367 302,736 SH   SOLE   151,368 0 151,368
US S&P500 ETF - iShares COM 464287200 12,898 54,360 SH   SOLE   27,180 0 27,180
Australia ETF - iShares COM 464286103 7,426 328,420 SH   SOLE   164,210 0 164,210
Austria ETF - iShares COM 464286202 4,170 229,520 SH   SOLE   114,760 0 114,760
Canada ETF - iShares COM 464286509 4,339 161,418 SH   SOLE   80,709 0 80,709
Chile ETF - iShares COM 464286640 2,055 47,174 SH   SOLE   23,587 0 23,587
China ETF - iShares COM 46429b671 9,314 186,540 SH   SOLE   93,270 0 93,270
Core Emerging Markets - iShare COM 46434G103 9,850 206,120 SH   SOLE   103,060 0 103,060
DJ Euro Stoxx 50 ETF - SPDR COM 78463x202 509 14,000 SH   SOLE   7,000 0 7,000
Ferrari NV COM n3167y103 507 6,822 SH   SOLE   3,411 0 3,411
Germany ETF - iShares COM 464286806 11,646 405,090 SH   SOLE   202,545 0 202,545
Israel ETF - iShares COM 464286632 5,128 100,050 SH   SOLE   50,025 0 50,025
Italy ETF - iShares COM 46434G830 540 20,990 SH   SOLE   10,495 0 10,495
Japan ETF - iShares COM 46434g822 4,813 93,456 SH   SOLE   46,728 0 46,728
Japan Nikkei 400 ETF - Deutsch COM 233051663 23,292 921,000 SH   SOLE   460,500 0 460,500
Korea Hedged ETF - Deutsche Ba COM 233051812 10,039 380,140 SH   SOLE   190,070 0 190,070
MSCI Emerging Markets ETF - iS COM 464287234 9,879 250,790 SH   SOLE   125,395 0 125,395
Molson Coors Brewing Co Cl B COM 60871R209 453 4,730 SH   SOLE   2,365 0 2,365
Norway ETF - Global X COM 37950E747 1,091 97,444 SH   SOLE   48,722 0 48,722
Poland ETF - iShares COM 46429B606 830 38,440 SH   SOLE   19,220 0 19,220
Spain ETF - iShares COM 464286764 3,247 106,780 SH   SOLE   53,390 0 53,390
Sweden ETF - iShares COM 464286756 3,351 106,140 SH   SOLE   53,070 0 53,070
Taiwan ETF - iShares COM 46434g772 5,878 176,899 SH   SOLE   88,449 0 88,449
Thailand ETF - iShares COM 464286624 3,904 50,064 SH   SOLE   25,032 0 25,032
United Kingdom ETF - iShares COM 46435g334 3,568 109,630 SH   SOLE   54,815 0 54,815
ACWI ex US ETF - iShares COM 464288240 10,868 249,160 SH   SOLE   124,580 0 124,580
Multi-Strategy Tracker ETF - I COM 45409B107 6,979 239,910 SH   SOLE   119,955 0 119,955
KBW Bank ETF - Powershares COM 73937B746 6,615 139,230 SH   SOLE   69,615 0 69,615
Technology Select Sector ETF - COM 81369Y803 8,554 160,460 SH   SOLE   80,230 0 80,230