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 M ETF 00162Q866 413 35,790 SH   SOLE 0 0 0 35,790
DBX ETF TR DEUTSCHE U ETF 233051432 5,293 104,534 SH   SOLE 0 0 0 104,534
FIRST TR LRG CP GRWTH ETF 33735K108 3,857 58,249 SH   SOLE 0 0 0 58,249
FIRST TR LRG CP VL AL ETF 33735J101 3,871 67,533 SH   SOLE 0 0 0 67,533
GLOBAL X FDS GLBL X M ETF 37950E473 292 27,634 SH   SOLE 0 0 0 27,634
GLOBAL X FDS GLOBX SU ETF 37950E291 646 25,729 SH   SOLE 0 0 0 25,729
ISHARES 3-7 YR TR BD ETF 464288661 2,588 21,417 SH   SOLE 0 0 0 21,417
ISHARES CORE MSCI EMK ETF 46434G103 13,420 217,192 SH   SOLE 0 0 0 217,192
ISHARES INC MSCI JPN ETF 46434G822 1,828 28,513 SH   SOLE 0 0 0 28,513
ISHARES TR 10 YR CR ETF 464289511 3,503 56,090 SH   SOLE 0 0 0 56,090
ISHARES TR 1-3 YR CR ETF 464288646 2,511 24,077 SH   SOLE 0 0 0 24,077
ISHARES TR 1-3 YR TR ETF 464287457 3,206 38,359 SH   SOLE 0 0 0 38,359
ISHARES TR 20 YR TR B ETF 464287432 6,741 54,927 SH   SOLE 0 0 0 54,927
ISHARES TR 7-10YR TR ETF 464287440 6,608 63,846 SH   SOLE 0 0 0 63,846
ISHARES TR CORE HIGH ETF 46429B663 336 3,602 SH   SOLE 0 0 0 3,602
ISHARES TR CORE MSCI ETF 46432F842 11,580 165,008 SH   SOLE 0 0 0 165,008
ISHARES TR CORE S&P S ETF 464287804 1,795 22,471 SH   SOLE 0 0 0 22,471
ISHARES TR CORE S&P50 ETF 464287200 5,224 18,221 SH   SOLE 0 0 0 18,221
ISHARES TR CORE US AG ETF 464287226 5,818 53,786 SH   SOLE 0 0 0 53,786
ISHARES TR EXPONEN TE ETF 46434V381 1,586 41,405 SH   SOLE 0 0 0 41,405
ISHARES TR HDG MSCI E ETF 46434V803 6,904 226,444 SH   SOLE 0 0 0 226,444
ISHARES TR IBOXX HI Y ETF 464288513 2,966 33,925 SH   SOLE 0 0 0 33,925
ISHARES TR IBOXX INV ETF 464287242 6,742 56,080 SH   SOLE 0 0 0 56,080
ISHARES TR INTERM CR ETF 464288638 6,859 63,230 SH   SOLE 0 0 0 63,230
ISHARES TR INTL SEL D ETF 464288448 985 27,734 SH   SOLE 0 0 0 27,734
ISHARES TR JP MOR EM ETF 464288281 6,086 52,751 SH   SOLE 0 0 0 52,751
ISHARES TR MBS ETF ETF 464288588 9,145 86,773 SH   SOLE 0 0 0 86,773
ISHARES TR RUS MID CA ETF 464287499 3,071 14,089 SH   SOLE 0 0 0 14,089
ISHARES TR TIPS BD ET ETF 464287176 5,132 45,377 SH   SOLE 0 0 0 45,377
ISHARES TR U.S. PFD S ETF 464288687 4,251 113,132 SH   SOLE 0 0 0 113,132
ISHARES TR US AER DEF ETF 464288760 6,835 33,467 SH   SOLE 0 0 0 33,467
POWERSHARES DB CMDTY ETF 73935S105 385 22,441 SH   SOLE 0 0 0 22,441
POWERSHARES ETF TR II ETF 73936T789 33,097 685,031 SH   SOLE 0 0 0 685,031
POWERSHARES ETF TR II ETF 73937B662 6,089 223,043 SH   SOLE 0 0 0 223,043
POWERSHARES ETF TR II ETF 73936T763 6,617 265,747 SH   SOLE 0 0 0 265,747
POWERSHARES ETF TR II ETF 73937B761 26,938 1,063,941 SH   SOLE 0 0 0 1,063,941
POWERSHARES ETF TR II ETF 73937B688 20,828 595,439 SH   SOLE 0 0 0 595,439
POWERSHARES ETF TR II ETF 73936T524 13,027 407,501 SH   SOLE 0 0 0 407,501
POWERSHARES ETF TR II ETF 73937B589 1,268 51,251 SH   SOLE 0 0 0 51,251
POWERSHARES ETF TR II ETF 73937B654 4,371 102,482 SH   SOLE 0 0 0 102,482
POWERSHARES ETF TR II ETF 73936T573 667 22,837 SH   SOLE 0 0 0 22,837
POWERSHARES ETF TR II ETF 73937B647 7,787 170,141 SH   SOLE 0 0 0 170,141
POWERSHARES ETF TR II ETF 73937B779 24,638 504,161 SH   SOLE 0 0 0 504,161
POWERSHARES ETF TR II ETF 73937B639 2,488 53,626 SH   SOLE 0 0 0 53,626
POWERSHARES ETF TR II ETF 73937B407 511 17,061 SH   SOLE 0 0 0 17,061
POWERSHARES ETF TRUST ETF 73935X609 3,650 81,443 SH   SOLE 0 0 0 81,443
POWERSHARES ETF TRUST ETF 73935X229 2,898 157,878 SH   SOLE 0 0 0 157,878
POWERSHARES ETF TRUST ETF 73935X583 36,956 308,226 SH   SOLE 0 0 0 308,226
POWERSHARES ETF TRUST ETF 73935X567 5,883 43,667 SH   SOLE 0 0 0 43,667
POWERSHARES ETF TRUST ETF 73936Q710 502 21,072 SH   SOLE 0 0 0 21,072
POWERSHARES ETF TRUST ETF 73936Q769 1,072 46,245 SH   SOLE 0 0 0 46,245
SELECT SECTOR SPDR TR ETF 81369Y506 1,493 19,567 SH   SOLE 0 0 0 19,567
SELECT SECTOR SPDR TR ETF 81369Y605 3,382 112,556 SH   SOLE 0 0 0 112,556
SELECT SECTOR SPDR TR ETF 81369Y803 1,826 26,639 SH   SOLE 0 0 0 26,639
SPDR GOLD TRUST GOLD ETF 78463V107 4,374 34,347 SH   SOLE 0 0 0 34,347
SPDR INDEX SHS FDS EU ETF 78463X202 12,753 290,918 SH   SOLE 0 0 0 290,918
SPDR INDEX SHS FDS MS ETF 78463X848 9,169 220,634 SH   SOLE 0 0 0 220,634
SPDR SER TR BLOOMBERG ETF 78468R408 765 27,594 SH   SOLE 0 0 0 27,594
SPDR SERIES TRUST BLM ETF 78464A359 380 7,112 SH   SOLE 0 0 0 7,112
SPDR SERIES TRUST POR ETF 78464A847 6,314 181,770 SH   SOLE 0 0 0 181,770
SSGA ACTIVE ETF TR BL ETF 78467V608 2,028 42,604 SH   SOLE 0 0 0 42,604
SSGA ACTIVE ETF TR SP ETF 78467V848 9,862 204,709 SH   SOLE 0 0 0 204,709
VANECK VECTORS ETF TR ETF 92189F353 312 12,766 SH   SOLE 0 0 0 12,766
VANECK VECTORS ETF TR ETF 92189F361 723 23,190 SH   SOLE 0 0 0 23,190
VANECK VECTORS ETF TR ETF 92189F494 484 24,639 SH   SOLE 0 0 0 24,639
VANGUARD BD INDEX FD ETF 921937793 1,735 18,617 SH   SOLE 0 0 0 18,617
VANGUARD BD INDEX FD ETF 921937835 8,464 104,907 SH   SOLE 0 0 0 104,907
VANGUARD INDEX FDS GR ETF 922908736 36,011 238,111 SH   SOLE 0 0 0 238,111
VANGUARD INDEX FDS RE ETF 922908553 395 5,028 SH   SOLE 0 0 0 5,028
VANGUARD INDEX FDS SM ETF 922908751 4,937 32,071 SH   SOLE 0 0 0 32,071
VANGUARD INDEX FDS VA ETF 922908744 37,424 332,192 SH   SOLE 0 0 0 332,192
VANGUARD INTL EQUITY ETF 922042858 1,526 30,421 SH   SOLE 0 0 0 30,421
VANGUARD INTL EQUITY ETF 922042866 2,963 38,350 SH   SOLE 0 0 0 38,350
VANGUARD SCOTTSDALE F ETF 92206C870 3,709 42,923 SH   SOLE 0 0 0 42,923
VANGUARD SPECIALIZED ETF 921908844 26,578 245,417 SH   SOLE 0 0 0 245,417
VANGUARD WHITEHALL FD ETF 921946406 7,510 83,158 SH   SOLE 0 0 0 83,158
WISDOMTREE TR EMER MK ETF 97717W315 279 5,637 SH   SOLE 0 0 0 5,637
WISDOMTREE TR JAPN HE ETF 97717W851 8,910 145,262 SH   SOLE 0 0 0 145,262