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
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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
DBX ETF TR XTRAK MSCI EAFE 233051200 5,165 174,540 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 9,242 104,978 SH   DFND 1 0 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 10,063 197,817 SH   DFND 1 0 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 4,050 105,222 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 4,902 176,971 SH   DFND 1 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,011 42,210 SH   DFND 1 0 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 5,961 50,445 SH   DFND 1 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 4,025 39,592 SH   DFND 1 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 4,101 30,979 SH   DFND 1 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 10,047 199,229 SH   DFND 1 0 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 3,156 39,597 SH   DFND 1 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 3,986 98,403 SH   DFND 1 0 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,143 129,476 SH   DFND 1 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 1,953 28,160 SH   DFND 1 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,992 40,235 SH   DFND 1 0 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 1,474 23,419 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 1,912 64,630 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EMKT 233051101 598 28,983 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 2,169 24,639 SH   SOLE 0 0 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 1,779 34,966 SH   SOLE 0 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,375 11,581 SH   SOLE 0 0 0 0
ISHARES TR U.S. TELECOM ETF 464287713 1,205 37,264 SH   SOLE 0 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 1,502 14,773 SH   SOLE 0 0 0 0
OPPENHEIMER REV WEIGHTED ETF LARGE CAP REV ET 68386C104 1,490 32,737 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,431 16,238 SH   SOLE 0 0 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 3,135 37,096 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 1,401 34,579 SH   SOLE 0 0 0 0
ISHARES TR MIN VOL USA ETF 46429B697 1,247 26,137 SH   SOLE 0 0 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,359 26,232 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 667 9,622 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 90 3,262 SH   SOLE 0 0 0 0
ISHARES GOLD TRUST ISHARES 464285105 34 2,826 SH   SOLE 0 0 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 131 3,401 SH   SOLE 0 0 0 0
ISHARES TR CORE US AGGBD ET 464287226 53 491 SH   SOLE 0 0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 121 3,082 SH   SOLE 0 0 0 0
ISHARES TR MSCI EAFE ETF 464287465 55 877 SH   SOLE 0 0 0 0
ISHARES TR RUS MDCP VAL ETF 464287473 39 471 SH   SOLE 0 0 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 149 1,263 SH   SOLE 0 0 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 33 1,295 SH   SOLE 0 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 295 2,228 SH   SOLE 0 0 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 111 2,129 SH   SOLE 0 0 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 96 5,862 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 118 2,794 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 89 1,203 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 124 2,317 SH   SOLE 0 0 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 59 743 SH   SOLE 0 0 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 97 2,437 SH   SOLE 0 0 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 44 328 SH   SOLE 0 0 0 0