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
ALPS ETF TR Alerian MLP - ETF 00162Q866 981 104,705 SH   SOLE N/A 0 0 104,705
FIRST TR EXCHANGE TRADED FD First Trust Dow Jones Internet Fund - ETF 33733E302 234 1,940 SH   SOLE N/A 0 0 1,940
Global X Funds Global X MLP - ETF 37950E473 296 34,918 SH   SOLE N/A 0 0 34,918
RYDEX ETF TRUST Guggenheim Equal Wgt. Utilities - ETF 78355W791 1,142 13,832 SH   SOLE N/A 0 0 13,832
RYDEX ETF TRUST Guggenheim Equal Wgt. Cons. Disc. - ETF 78355W882 1,243 12,637 SH   SOLE N/A 0 0 12,637
RYDEX ETF TRUST Guggenheim Equal Wgt. Cons. Staples - ETF 78355W874 1,263 9,978 SH   SOLE N/A 0 0 9,978
RYDEX ETF TRUST Guggenheim Equal Wgt. Energy - ETF 78355W866 1,288 23,664 SH   SOLE N/A 0 0 23,664
RYDEX ETF TRUST Guggenheim Equal Wgt. Financials - ETF 78355W858 1,334 30,399 SH   SOLE N/A 0 0 30,399
RYDEX ETF TRUST Guggenheim Equal Wgt. Health Care - ETF 78355W841 1,268 7,059 SH   SOLE N/A 0 0 7,059
RYDEX ETF TRUST Guggenheim Equal Wgt. Industrials - ETF 78355W833 1,339 11,217 SH   SOLE N/A 0 0 11,217
RYDEX ETF TRUST Guggenheim Equal Wgt. Materials - ETF 78355W825 1,348 12,687 SH   SOLE N/A 0 0 12,687
RYDEX ETF TRUST Guggenheim Equal Wgt. Technology - ETF 78355W817 2,144 14,169 SH   SOLE N/A 0 0 14,169
RYDEX ETF TRUST Guggenheim HY Corporate Bond 2019 - ETF 18383M373 1,042 42,854 SH   SOLE N/A 0 0 42,854
RYDEX ETF TRUST Guggenheim HY Corporate Bond 2021 - ETF 18383M225 502 20,349 SH   SOLE N/A 0 0 20,349
ISHARES TR iShares Floating Rate Bond - ETF 46429B655 570 11,200 SH   SOLE N/A 0 0 11,200
ISHARES TR iShares JPM Emerging Market Bonds - ETF 464288281 222 2,024 SH   SOLE N/A 0 0 2,024
ISHARES TR iShares MSCI Emerg. Mkts Min. Volatility - ETF 464286533 4,710 75,547 SH   SOLE N/A 0 0 75,547
ISHARES TR iShares MSCI ACWI - ETF 464288257 285 3,977 SH   SOLE N/A 0 0 3,977
ISHARES TR iShares MSCI Asia Ex-Japan - ETF 464288182 3,673 47,370 SH   SOLE N/A 0 0 47,370
ISHARES TR iShares MSCI Brazil - ETF 464286400 3,654 81,423 SH   SOLE N/A 0 0 81,423
ISHARES TR iShares MSCI EAFE Min. Volatility - ETF 46429B689 4,591 62,305 SH   SOLE N/A 0 0 62,305
ISHARES TR iShares MSCI Hong Kong - ETF 464286871 3,414 134,902 SH   SOLE N/A 0 0 134,902
ISHARES TR iShares MSCI South Korea - ETF 464286772 3,668 48,609 SH   SOLE N/A 0 0 48,609
ISHARES TR iShares MSCI USA Min. Volatility - ETF 46429B697 4,409 84,908 SH   SOLE N/A 0 0 84,908
ISHARES TR iShares S&P SmallCap 600 - ETF 464287804 340 4,410 SH   SOLE N/A 0 0 4,410
ISHARES TR iShares S&P US Preferred Stock - ETF 464288687 257 6,832 SH   SOLE N/A 0 0 6,832
ISHARES TR iShares Short Maturity Bond - ETF 46431W507 3,900 77,748 SH   SOLE N/A 0 0 77,748
KRANESHARES TR Kraneshares CSI China Internet - ETF 500767306 505 8,216 SH   SOLE N/A 0 0 8,216
PIMCO ETF TR Pimco 0-5 Yr High Yield Corporate Bond - ETF 72201R783 495 4,968 SH   SOLE N/A 0 0 4,968
PIMCO ETF TR Pimco Enhanced Short Maturity - ETF 72201R833 3,869 38,100 SH   SOLE N/A 0 0 38,100
POWERSHARES GLOBAL ETF Powershares Emerging Market Debt - ETF 73936T573 604 21,416 SH   SOLE N/A 0 0 21,416
POWERSHARES GLOBAL ETF Powershares High Yield Corporate Bond - ETF 73936T557 517 27,931 SH   SOLE N/A 0 0 27,931
POWERSHARES GLOBAL ETF Powershares Preferreds - ETF 73936T565 761 52,104 SH   SOLE N/A 0 0 52,104
POWERSHARES GLOBAL ETF Powershares S&P 500 High Div. Low Vol. - ETF 73937B654 224 5,568 SH   SOLE N/A 0 0 5,568
POWERSHARES GLOBAL ETF Powershares Senior Bank Loan - ETF 73936Q769 4,997 216,052 SH   SOLE N/A 0 0 216,052
SCHWAB STRATEGIC TR Schwab Intl Small-Cap - ETF 808524888 609 16,689 SH   SOLE N/A 0 0 16,689
SCHWAB STRATEGIC TR Schwab REIT Fund - ETF 808524847 1,242 32,467 SH   SOLE N/A 0 0 32,467
SCHWAB STRATEGIC TR Schwab US Aggregate Bond - ETF 808524839 9,479 185,796 SH   SOLE N/A 0 0 185,796
SCHWAB STRATEGIC TR Schwab US Broad Market - ETF 808524102 852 13,358 SH   SOLE N/A 0 0 13,358
SCHWAB STRATEGIC TR Schwab US Large Cap - ETF 808524201 321 5,095 SH   SOLE N/A 0 0 5,095
SCHWAB STRATEGIC TR Schwab US Short-Term Treasury Fund - ETF 808524862 478 9,594 SH   SOLE N/A 0 0 9,594
SCHWAB STRATEGIC TR Schwab US Small Cap - ETF 808524607 4,810 69,579 SH   SOLE N/A 0 0 69,579
SCHWAB STRATEGIC TR Schwab US TIPS - ETF 808524870 1,416 25,799 SH   SOLE N/A 0 0 25,799
SELECT SECTOR SPDR TR Sector SPDR Consumer Discretionary - ETF 81369Y407 3,985 39,338 SH   SOLE N/A 0 0 39,338
SELECT SECTOR SPDR TR Sector SPDR Financial Select - ETF 81369Y605 557 20,208 SH   SOLE N/A 0 0 20,208
SELECT SECTOR SPDR TR Sector SPDR Industrials - ETF 81369Y704 4,017 54,077 SH   SOLE N/A 0 0 54,077
SELECT SECTOR SPDR TR Sector SPDR Regional Banking - ETF 78464A698 3,643 60,321 SH   SOLE N/A 0 0 60,321
SELECT SECTOR SPDR TR Sector SPDR Technology - ETF 81369Y803 4,091 62,531 SH   SOLE N/A 0 0 62,531
SPDR SERIES TR SPDR Blmbrg Barclay Intl Tsy - ETF 78464A516 721 24,442 SH   SOLE N/A 0 0 24,442
SPDR SERIES TR SPDR Barclays Municipal Bond - ETF 78464A458 623 12,973 SH   SOLE N/A 0 0 12,973
SPDR SERIES TR SPDR Barclays Short Term Muni Bond - ETF 78464A425 1,382 28,898 SH   SOLE N/A 0 0 28,898
SPDR SERIES TR SPDR Barclays Short-Term HY - ETF 78468R408 4,003 146,259 SH   SOLE N/A 0 0 146,259
SPDR SERIES TR SPDR S&P 500 - ETF 78462F103 1,812 6,885 SH   SOLE N/A 0 0 6,885
SPDR SERIES TR SPDR S&P Dividend - ETF 78464A763 297 3,255 SH   SOLE N/A 0 0 3,255
SPDR SERIES TR SPDR S&P Emg. Mkt Asian Pac. - ETF 78463X301 639 5,991 SH   SOLE N/A 0 0 5,991
SPDR SERIES TR SPDR S&P Emg. Mkt Small Cap - ETF 78463X756 625 11,911 SH   SOLE N/A 0 0 11,911
SPDR SERIES TR SPDR S&P Emg. Mkt. Dividend - ETF 78463X533 578 16,294 SH   SOLE N/A 0 0 16,294
VANGUARD BD INDEX FD INC Vanguard Bond Index Fund - ETF 921937835 839 10,500 SH   SOLE N/A 0 0 10,500
VANGUARD INTL EQUITY INDEX Vanguard Emerging Market - ETF 922042858 684 14,564 SH   SOLE N/A 0 0 14,564
VANGUARD TAX MANAGED INTL FD Vanguard Europe Pacific - ETF 921943858 847 19,132 SH   SOLE N/A 0 0 19,132
VANGUARD INDEX FDS Vanguard Mid Cap -ETF 922908629 511 3,316 SH   SOLE N/A 0 0 3,316
VANGUARD INDEX FDS Vanguard S&P 500 - ETF 922908363 3,701 15,290 SH   SOLE N/A 0 0 15,290
VANGUARD CHARLOTTE FUNDS Vanguard Total Intl. Bond Market - ETF 92203J407 3,779 69,053 SH   SOLE N/A 0 0 69,053