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
ADVISORSHARES TR RANGER EQUITY BE 00768Y883 29,920 4,547,059 SH   SOLE   4,547,059 0 0
BARCLAYS BK PLC BARC ETN+SHILL 06742A669 12,336 89,779 SH   SOLE   89,779 0 0
DBX ETF TR XTRACK MSCI EAFE 233051200 23,621 730,389 SH   SOLE   730,389 0 0
GOLDMAN SACHS ETF TR ACTIVEBETA INT 381430107 18,114 640,286 SH   SOLE   640,286 0 0
INVESCO EXCHANGE TRADED FD T FTSE RAFI 1500 46137V597 35,855 282,499 SH   SOLE   282,498 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 4,401 107,679 SH   SOLE   107,679 0 0
ISHARES TR MSCI ACWI ETF 464288257 11,626 157,635 SH   SOLE   157,635 0 0
ISHARES TR MSCI MIN VOL ETF 46429B697 631 9,847 SH   SOLE   9,846 0 0
ISHARES TR USA QUALITY FCTR 46432F339 24,060 260,391 SH   SOLE   260,390 0 0
ISHARES TR EDGE MSCI USA VL 46432F388 1,731 21,100 SH   SOLE   21,100 0 0
ISHARES TR MULTIFACTOR GLBL 46434V316 38,268 1,319,731 SH   SOLE   1,319,730 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,536 11,915 SH   SOLE   11,915 0 0
SPDR SERIES TRUST PORTFOLIO MD ETF 78464A847 41,380 1,221,020 SH   SOLE   1,221,019 0 0
SCHWAB STRATEGIC TR 1000 INDEX ETF 808524722 22,407 768,414 SH   SOLE   768,414 0 0
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 1,756 46,503 SH   SOLE   46,503 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 13,214 328,220 SH   SOLE   328,220 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 36,412 326,217 SH   SOLE   326,217 0 0