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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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
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,960 11,676 SH   SOLE 0 0 0 11,676
ISHARES MSCI JAPAN ETF 464286848 3 281 SH   SOLE 0 0 0 281
ISHARES S&P MC 400VL ETF 464287705 150 1,182 SH   SOLE 0 0 0 1,182
ISHARES RUS 1000 ETF 464287622 28 256 SH   SOLE 0 0 0 256
ISHARES RUSSELL 2000 ETF 464287655 19 157 SH   SOLE 0 0 0 157
ISHARES U.S. REAL ES ETF 464287739 7 97 SH   SOLE 0 0 0 97
SPDR S&P 500 ETF TR TR UNIT 78462F103 27,740 141,731 SH   SOLE 0 0 0 141,731
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 4,434 100,170 SH   SOLE 0 0 0 100,170
ISHARES MSCI EAFE ETF 464287465 4,723 69,073 SH   SOLE 0 0 0 69,073
MICROSOFT CORP COM 594918104 5 123 SH   SOLE 0 0 0 123
VERIZON COMMUNICATIONS INC COM 92343V104 12 244 SH   SOLE 0 0 0 244
ISHARES RUS MID-CAP ETF 464287499 25 156 SH   SOLE 0 0 0 156
SPDR SERIES TRUST DJ REIT ETF 78464A607 11 129 SH   SOLE 0 0 0 129
ISHARES U.S. FINLS ETF 464287788 2,896 34,833 SH   SOLE 0 0 0 34,833
ISHARES US HLTHCARE ETF 464287762 8 59 SH   SOLE 0 0 0 59
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,401 28,230 SH   SOLE 0 0 0 28,230
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,455 14,537 SH   SOLE 0 0 0 14,537
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,394 61,322 SH   SOLE 0 0 0 61,322
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,373 25,392 SH   SOLE 0 0 0 25,392
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,421 37,057 SH   SOLE 0 0 0 37,057
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 3,495 78,319 SH   SOLE 0 0 0 78,319
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,405 23,100 SH   SOLE 0 0 0 23,100
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,368 20,493 SH   SOLE 0 0 0 20,493
ISHARES 1-3 YR TR BD ETF 464287457 2,194 25,951 SH   SOLE 0 0 0 25,951
ISHARES 7-10 Y TR BD ETF 464287440 3,786 36,552 SH   SOLE 0 0 0 36,552
ISHARES IBOXX INV CP ETF 464287242 5 46 SH   SOLE 0 0 0 46
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 146 1,257 SH   SOLE 0 0 0 1,257
ISHARES MSCI EMG MKT ETF 464287234 3,902 90,263 SH   SOLE 0 0 0 90,263
PG&E CORP COM 69331C108 5 107 SH   SOLE 0 0 0 107
ISHARES CORE TOTUSBD ETF 464287226 13,913 127,177 SH   SOLE 0 0 0 127,177
VANGUARD WORLD FDS ENERGY ETF 92204A306 3,782 26,271 SH   SOLE 0 0 0 26,271
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 154 1,377 SH   SOLE 0 0 0 1,377
VANGUARD INDEX FDS SM CP VAL ETF 922908611 153 1,448 SH   SOLE 0 0 0 1,448
VANGUARD INDEX FDS REIT ETF 922908553 6,498 86,826 SH   SOLE 0 0 0 86,826
VANGUARD WORLD FDS MATERIALS ETF 92204A801 153 1,367 SH   SOLE 0 0 0 1,367
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 149 3,202 SH   SOLE 0 0 0 3,202
VANGUARD WORLD FDS UTILITIES ETF 92204A876 159 1,644 SH   SOLE 0 0 0 1,644
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 83 3,141 SH   SOLE 0 0 0 3,141
VANGUARD WORLD FDS INF TECH ETF 92204A702 154 1,594 SH   SOLE 0 0 0 1,594
ISHARES SILVER TRUST ISHARES 46428Q109 2,408 118,934 SH   SOLE 0 0 0 118,934
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 145 1,328 SH   SOLE 0 0 0 1,328
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 149 1,425 SH   SOLE 0 0 0 1,425
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,616 61,096 SH   SOLE 0 0 0 61,096
WISDOMTREE TR JAPN HEDGE EQT 97717W851 2 31 SH   SOLE 0 0 0 31
ISHARES USA ESG SLCT ETF 464288802 7 81 SH   SOLE 0 0 0 81
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 3,337 270,631 SH   SOLE 0 0 0 270,631
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 4 41 SH   SOLE 0 0 0 41
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 8 448 SH   SOLE 0 0 0 448
ISHARES IBOXX HI YD ETF 464288513 307 3,229 SH   SOLE 0 0 0 3,229
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 114 4,636 SH   SOLE 0 0 0 4,636
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,699 27,942 SH   SOLE 0 0 0 27,942
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 6 192 SH   SOLE 0 0 0 192
PROSHARES TR SHRT 20+YR TRE 74347X849 6 223 SH   SOLE 0 0 0 223
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 96 5,076 SH   SOLE 0 0 0 5,076
ALPS ETF TR ALERIAN MLP 00162Q866 15 813 SH   SOLE 0 0 0 813
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,874 10,446 SH   SOLE 0 0 0 10,446
PROSHARES TR II VIX MDTRM FUTR 74347W684 4 256 SH   SOLE 0 0 0 256
FIRST TR EXCH TRD ALPHA FD I JAPAN ALPHADEX 33737J158 3,385 70,718 SH   SOLE 0 0 0 70,718
FIRST TR EXCNGE TRD ALPHADEX SML CAP VAL AL 33737M409 4,876 148,219 SH   SOLE 0 0 0 148,219
FLEXSHARES TR IBOXX 3R TARGT 33939L506 5 209 SH   SOLE 0 0 0 209
PROSHARES TR II SHT VIX ST TRM 74347W627 11 128 SH   SOLE 0 0 0 128
ALPS ETF TR VELOSH VOLA HDGD 00162Q791 4,957 165,783 SH   SOLE 0 0 0 165,783