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
ABBVIE INC - WHEN ISSUE COM 00287Y109 744 12,883 SH   SOLE   12,883 0 0
ADT CORP COM 00101J106 765 21,562 SH   SOLE   21,562 0 0
AGL RESOURCES INC COM 001204106 288 5,600 SH   OTR 1 0 5,600 0
AIRGAS INC COM 009363102 55 500 SH   OTR 1 0 500 0
ALLEGION PLC ORD SHS G0176J109 625 13,118 SH   SOLE   13,118 0 0
ALLSTATE CORP COM 020002101 497 8,100 SH   OTR 1 0 8,100 0
ALTISOURCE ASSET MANAGEMENT COM 02153X108 395 585 SH   SOLE   585 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 356 14,818 SH   SOLE   14,818 0 0
ALTRIA GROUP INC COM 02209S103 335 7,300 SH   OTR 1 0 7,300 0
AMERICAN TOWER CORPORATION COM 03027X100 18,141 193,752 SH   SOLE 2 193,752 0 0
AMERISOURCEBERGEN CORP COM 03073E105 502 6,500 SH   OTR 1 0 6,500 0
AMPHENOL CORP-CL A CL A 032095101 10 100 SH   OTR 1 0 100 0
APARTMENT INVT & MGMT CO -A CL A 03748R101 239 7,500 SH   OTR 1 0 7,500 0
APPLE INC COM 037833100 282 2,800 SH   OTR 1 0 2,800 0
AT&T INC COM 00206R102 507 14,400 SH   OTR 1 0 14,400 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 400 20,572 SH   SOLE   20,572 0 0
AUTOMATIC DATA PROCESSING COM 053015103 274 3,300 SH   OTR 1 0 3,300 0
AVALONBAY COMMUNITIES INC COM 053484101 465 3,300 SH   OTR 1 0 3,300 0
BAXTER INTERNATIONAL INC COM 071813109 481 6,700 SH   OTR 1 0 6,700 0
BECTON DICKINSON & CO COM 075887109 239 2,100 SH   OTR 1 0 2,100 0
BEMIS COMPANY COM 081437105 232 6,100 SH   OTR 1 0 6,100 0
BOSTON PROPERTIES INC COM 101121101 81 700 SH   OTR 1 0 700 0
BROOKFIELD PROPERTY PARTNERS UNIT LTD PARTN G16249107 741 35,164 SH   SOLE   35,164 0 0
C.H. ROBINSON WORLDWIDE INC COM NEW 12541W209 486 7,327 SH   OTR 1 0 7,327 0
CAMPBELL SOUP CO COM 134429109 158 3,700 SH   OTR 1 0 3,700 0
CARDINAL HEALTH INC COM 14149Y108 82 1,100 SH   OTR 1 0 1,100 0
CENTURYLINK INC COM 156700106 466 11,400 SH   OTR 1 0 11,400 0
CHEVRON CORP COM 166764100 179 1,500 SH   OTR 1 0 1,500 0
CHUBB CORP COM 171232101 228 2,500 SH   OTR 1 0 2,500 0
CIGNA CORP COM 125509109 372 4,100 SH   OTR 1 0 4,100 0
CINCINNATI FINANCIAL CORP COM 172062101 160 3,400 SH   OTR 1 0 3,400 0
CISCO SYSTEMS INC COM 17275R102 488 19,400 SH   OTR 1 0 19,400 0
CLOROX COMPANY COM 189054109 519 5,400 SH   OTR 1 0 5,400 0
COLGATE-PALMOLIVE CO COM 194162103 470 7,200 SH   OTR 1 0 7,200 0
CONAGRA FOODS INC COM 205887102 238 7,200 SH   OTR 1 0 7,200 0
CONOCOPHILLIPS COM 20825C104 115 1,500 SH   OTR 1 0 1,500 0
CONSOLIDATED EDISON INC COM 209115104 215 3,800 SH   OTR 1 0 3,800 0
CONSUMER DISCRETIONARY SELT SBI CONS DISCR 81369Y407 2,751 41,245 SH   SOLE   27,939 0 13,306
COSTCO WHOLESALE CORP COM 22160K105 501 4,000 SH   OTR 1 0 4,000 0
CROWN CASTLE INTL CORP COM 228227104 201 2,500 SH   OTR 1 0 2,500 0
CST BRANDS INC COM 12646R105 698 19,422 SH   SOLE   19,422 0 0
DAVITA HEALTHCARE PARTNERS INC COM 23918K108 351 4,800 SH   OTR 1 0 4,800 0
DENBURY RESOURCES INC COM NEW 247916208 14 900 SH   OTR 1 0 900 0
DENTSPLY INTERNATIONAL INC COM 249030107 78 1,700 SH   OTR 1 0 1,700 0
DOLLAR TREE INC COM 256746108 493 8,800 SH   OTR 1 0 8,800 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 141 2,200 SH   OTR 1 0 2,200 0
DTE ENERGY COMPANY COM 233331107 198 2,600 SH   OTR 1 0 2,600 0
EDISON INTERNATIONAL COM 281020107 11 200 SH   OTR 1 0 200 0
EMC CORP/MASS COM 268648102 386 13,200 SH   OTR 1 0 13,200 0
ENERGY SELECT SECTOR SPDR SBI INT-ENERGY 81369Y506 2,722 30,037 SH   SOLE   20,345 0 9,692
ENGILITY HOLDINGS INC COM 29285W104 139 4,462 SH   SOLE   4,462 0 0
ENTERGY CORP COM 29364G103 479 6,200 SH   OTR 1 0 6,200 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 228 3,700 SH   OTR 1 0 3,700 0
ERA GROUP INC COM 26885G109 113 5,205 SH   SOLE   5,205 0 0
EXPEDITORS INTL WASH INC COM 302130109 142 3,500 SH   OTR 1 0 3,500 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 92 1,300 SH   OTR 1 0 1,300 0
EXXON MOBIL CORP COM 30231G102 235 2,500 SH   OTR 1 0 2,500 0
FIESTA RESTAURANT GROUP-W/I COM 31660B101 341 6,864 SH   SOLE   6,864 0 0
FINANCIAL SELECT SECTOR SPDR SBI INT-FINL 81369Y605 7,860 339,226 SH   SOLE   229,804 0 109,422
FIRST TRUST NASDAQ GLOBAL AU AUTO INDEX FD 33734X309 10,936 289,545 SH   SOLE   119,447 0 170,098
FTD COS INC COM 30281V108 164 4,807 SH   SOLE   4,807 0 0
GENERAL MILLS INC COM 370334104 222 4,400 SH   OTR 1 0 4,400 0
GLOBAL X GURU INDEX ETF GLB X GURU INDEX 37950E341 21,942 833,870 SH   SOLE   572,435 0 261,435
GUGGENHEIM CHINA SMALL CAP E GUGG CHN SML CAP 18383Q853 5,465 208,913 SH   SOLE   208,913 0 0
GUGGENHEIM ENHANCED SHORT DU GUGG ENH SHT DUR 18383M654 33,063 659,122 SH   SOLE   659,122 0 0
GUGGENHEIM FRONTIER MARKETS GUGG FRNTR MKT 18383Q838 3,280 197,233 SH   SOLE   197,233 0 0
GUGGENHEIM SPIN-OFF ETF GUGG SPINOFF ETF 18383M605 6,936 153,733 SH   SOLE   0 0 153,733
HARVARD APPARATUS REGENERATIVE TECHNOLOGY COM 41690A106 15 1,810 SH   SOLE   1,810 0 0
HCP INC COM 40414L109 469 11,800 SH   OTR 1 0 11,800 0
HEALTH CARE REIT INC COM 42217K106 462 7,400 SH   OTR 1 0 7,400 0
HEALTH CARE SELECT SECTOR SBI HEALTHCARE 81369Y209 5,865 91,768 SH   SOLE   63,101 0 28,667
HERSHEY CO/THE COM 427866108 219 2,300 SH   OTR 1 0 2,300 0
HEWLETT-PACKARD CO COM 428236103 39 1,100 SH   OTR 1 0 1,100 0
HORMEL FOODS CORP COM 440452100 247 4,800 SH   OTR 1 0 4,800 0
HUDSON CITY BANCORP INC COM 443683107 475 48,900 SH   OTR 1 0 48,900 0
HUMANA INC COM 444859102 117 900 SH   OTR 1 0 900 0
HYSTER-YAL MATERIALS - W/I CL A 449172105 304 4,239 SH   SOLE   4,239 0 0
INDUSTRIAL SELECT SECT SPDR SBI INT-INDS 81369Y704 4,408 82,936 SH   SOLE   56,189 0 26,747
INTEL CORP COM 458140100 397 11,400 SH   OTR 1 0 11,400 0
INTUIT INC COM 461202103 105 1,200 SH   OTR 1 0 1,200 0
IQ MERGER ARBITRAGE ETF IQ MRGR ARB ETF 45409B800 10,402 379,107 SH   SOLE   379,107 0 0
ISHARES 20+ YEAR TREASURY BOND ETF 20+ YR TR BD ETF 464287432 10,168 87,450 SH   SOLE 2 87,450 0 0
ISHARES 7-10 YEAR TREASURY BOND ETF 7-10 Y TR BD ETF 464287440 13,499 130,271 SH   SOLE 2 130,271 0 0
ISHARES CHINA LARGE-CAP ETF CHINA LG-CAP ETF 464287184 5,061 132,208 SH   SOLE   132,208 0 0
ISHARES CORE S&P 500 ETF CORE S&P500 ETF 464287200 9,173 46,268 SH   SOLE   21,770 0 24,498
ISHARES CORE US AGGREGATE BOND ETF CORE US AGGBD ET 464287226 26,965 247,133 SH   SOLE 2 247,133 0 0
ISHARES IBOXX $ INVESTMENT GRADE CORP BD IBOXX INV CP ETF 464287242 3,364 28,455 SH   SOLE 2 28,455 0 0
ISHARES INTERMEDIATE CREDIT BOND ETF INTERM CR BD ETF 464288638 14,693 134,420 SH   SOLE 2 134,420 0 0
ISHARES MSCI EAFE ETF MSCI EAFE ETF 464287465 9,153 142,750 SH   SOLE 2 142,750 0 0
ISHARES MSCI FRONTIER 100 MSCI FRNTR100ETF 464286145 6,830 180,492 SH   SOLE   180,492 0 0
ISHARES MSCI MALAYSIA MSCI MALAYSI ETF 464286830 3,512 228,077 SH   SOLE   228,077 0 0
ISHARES MSCI PHILIPPINES MSCI PHILIPS ETF 46429B408 3,967 104,232 SH   SOLE   104,232 0 0
ISHARES MSCI SPAIN CAPPED ET MSCI SPAN CP ETF 464286764 4,788 123,081 SH   SOLE   123,081 0 0
ISHARES MSCI UNITED KINGDOM MSCI UTD KNGDM 46434V548 4,998 257,875 SH   SOLE   257,875 0 0
ISHARES NORTH AMERICAN TECH- NA TEC-SFTWR ETF 464287515 2,150 24,860 SH   SOLE   17,118 0 7,742
ISHARES RUSSELL 1000 ETF RUS 1000 ETF 464287622 6,640 60,436 SH   SOLE 2 60,436 0 0
ISHARES RUSSELL 3000 ETF RUSSELL 3000 ETF 464287689 6,626 56,735 SH   SOLE 2 56,735 0 0
ISHARES U.S. AEROSPACE & DEF U.S. AER&DEF ETF 464288760 2,533 23,546 SH   SOLE   15,845 0 7,701
ISHARES US HOME CONSTRUCTION US HOME CONS ETF 464288752 43,452 1,932,061 SH   SOLE   1,043,657 0 888,404
ISHARES USTECHNOLOGY ETF U.S. TECH ETF 464287721 10,847 107,654 SH   SOLE   73,468 0 34,186
JM SMUCKER CO/THE-NEW COMMON COM NEW 832696405 198 2,000 SH   OTR 1 0 2,000 0
JOHNSON & JOHNSON COM 478160104 266 2,500 SH   OTR 1 0 2,500 0
KELLOGG CO COM 487836108 326 5,300 SH   OTR 1 0 5,300 0
KIMBERLY-CLARK CORP COM 494368103 463 4,300 SH   OTR 1 0 4,300 0
KIMCO REALTY CORP COM 49446R109 462 21,078 SH   OTR 1 0 21,078 0
KRAFT FOODS GROUP INC COM 50076Q106 681 12,083 SH   SOLE   12,083 0 0
LABORATORY CRP OF AMER HLDGS COM NEW 50540R409 478 4,700 SH   OTR 1 0 4,700 0
LIBERTY MEDIA CORP CL A 531229102 256 5,418 SH   SOLE   5,418 0 0
M & T BANK CORP COM 55261F104 333 2,700 SH   OTR 1 0 2,700 0
MALLINCKRODT SHS G5785G107 854 9,471 SH   SOLE   9,471 0 0
MARATHON OIL CORP COM 565849106 421 11,200 SH   OTR 1 0 11,200 0
MARKET VECTORS AFRICA INDEX AFRICA ETF 57060U787 6,554 208,794 SH   SOLE   208,794 0 0
MARSH & MCLENNAN COS COM 571748102 262 5,000 SH   OTR 1 0 5,000 0
MCCORMICK & CO-NON VTG SHRS COM NON VTG 579780206 421 6,300 SH   OTR 1 0 6,300 0
MCDONALD'S CORP COM 580135101 502 5,300 SH   OTR 1 0 5,300 0
MCKESSON CORP COM 58155Q103 156 800 SH   OTR 1 0 800 0
MICROCHIP TECHNOLOGY INC COM 595017104 255 5,400 SH   OTR 1 0 5,400 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 481 7,600 SH   OTR 1 0 7,600 0
MURPHY USA INC-W/I COM 626755102 646 12,177 SH   SOLE   12,177 0 0
NETAPP INC COM 64110D104 245 5,700 SH   OTR 1 0 5,700 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 423 72,514 SH   SOLE   72,514 0 0
NEWS CORP-NEW CL A CL A 65249B109 657 40,205 SH   SOLE   40,205 0 0
NORDSTROM INC COM 655664100 253 3,700 SH   OTR 1 0 3,700 0
NORTHEAST UTILITIES COM 664397106 168 3,800 SH   OTR 1 0 3,800 0
NOVACOPPER INC COM 66988K102 13 14,342 SH   SOLE   14,342 0 0
NRG ENERGY INC COM NEW 629377508 405 13,300 SH   OTR 1 0 13,300 0
OCCIDENTAL PETROLEUM CORP COM 674599105 29 300 SH   OTR 1 0 300 0
ONEOK INC COM 682680103 485 7,400 SH   OTR 1 0 7,400 0
PATTERSON COS INC COM 703395103 510 12,300 SH   OTR 1 0 12,300 0
PAYCHEX INC COM 704326107 515 11,646 SH   OTR 1 0 11,646 0
PEOPLE'S UNITED FINANCIAL COM 712704105 480 33,200 SH   OTR 1 0 33,200 0
PEPCO HOLDINGS INC COM 713291102 206 7,700 SH   OTR 1 0 7,700 0
PETSMART INC COM 716768106 63 900 SH   OTR 1 0 900 0
PHILIP MORRIS INTERNATIONAL COM 718172109 92 1,100 SH   OTR 1 0 1,100 0
PHILLIPS 66 COM 718546104 694 8,530 SH   SOLE   8,530 0 0
PIMCO ENHANCED SHORT MATURIT ENHAN SHRT MAT 72201R833 49,164 485,087 SH   SOLE   485,087 0 0
PINNACLE WEST CAPITAL COM 723484101 131 2,400 SH   OTR 1 0 2,400 0
PLUM CREEK TIMBER CO COM 729251108 351 9,000 SH   OTR 1 0 9,000 0
POST HOLDINGS INC COM 737446104 378 11,386 SH   SOLE   11,386 0 0
POWERSHARES KBW BANK KBW BK PORT 73937B746 19,647 534,169 SH   SOLE   352,614 0 181,555
POWERSHARES S&P 500 BUYWRITE S&P 500 BUYWRT 73936G308 11,988 566,003 SH   SOLE   566,003 0 0
POWERSHARES S&P 500 LOW VOLA S&P500 LOW VOL 73937B779 44 1,249 SH   OTR 1 0 1,249 0
PRAXAIR INC COM 74005P104 206 1,600 SH   OTR 1 0 1,600 0
PROCTER & GAMBLE CO COM 742718109 75 900 SH   OTR 1 0 900 0
PROGRESSIVE CORP COM 743315103 192 7,600 SH   OTR 1 0 7,600 0
PROSHARES ULTRASHORT EURO ULTRASHRT EURO 74347W882 4,385 219,683 SH   SOLE   219,683 0 0
PROSHARES ULTRASHORT YEN ULTRASHORT YEN N 74347W569 5,870 77,477 SH   SOLE   77,477 0 0
PROTHENA CORP PLC SHS G72800108 120 5,427 SH   SOLE   5,427 0 0
PUBLIC STORAGE COM 74460D109 453 2,734 SH   OTR 1 0 2,734 0
QUALCOMM INC COM 747525103 135 1,800 SH   OTR 1 0 1,800 0
QUEST DIAGNOSTICS COM 74834L100 340 5,600 SH   OTR 1 0 5,600 0
REPUBLIC SERVICES INC COM 760759100 359 9,200 SH   OTR 1 0 9,200 0
ROUSE PROPERTIES INC. COM 779287101 240 14,812 SH   SOLE   14,812 0 0
SAFEWAY INC COM NEW 786514208 326 9,500 SH   OTR 1 0 9,500 0
SCANA CORP COM 80589M102 208 4,200 SH   OTR 1 0 4,200 0
SCIENCE APPLICATIONS INTE COM 808625107 557 12,603 SH   SOLE   12,603 0 0
SIBANYE GOLD- SPON ADR SPONSORED ADR 825724206 1,968 232,036 SH   SOLE   232,036 0 0
SIGMA-ALDRICH COM 826552101 476 3,500 SH   OTR 1 0 3,500 0
SILVER BAY REALTY TRUST CO COM 82735Q102 161 9,939 SH   SOLE   9,939 0 0
SIMON PROPERTY GROUP INC COM 828806109 444 2,700 SH   OTR 1 0 2,700 0
SOUTHERN CO COM 842587107 484 11,091 SH   OTR 1 0 11,091 0
SOUTHWESTERN ENERGY CO COM 845467109 154 4,400 SH   OTR 1 0 4,400 0
SPDR BARCLAYS HIGH YIELD BOND ETF BRC HGH YLD BD 78464A417 6,655 165,633 SH   SOLE 2 165,633 0 0
SPDR KBW REGIONAL BANKING ET S&P REGL BKG 78464A698 16,696 440,982 SH   SOLE   268,775 0 172,207
SPDR S&P HOMEBUILDERS ETF S&P HOMEBUILD 78464A888 4,673 157,921 SH   SOLE   157,921 0 0
SPECTRA ENERGY CORP COM 847560109 459 11,700 SH   OTR 1 0 11,700 0
STERICYCLE INC COM 858912108 490 4,200 SH   OTR 1 0 4,200 0
STRAIGHT PATH COMMUNICATIONS INC CL B 862578101 48 3,059 SH   SOLE   3,059 0 0
STRYKER CORP COM 863667101 129 1,600 SH   OTR 1 0 1,600 0
SYSCO CORP COM 871829107 444 11,700 SH   OTR 1 0 11,700 0
TARGET CORP COM 87612E106 244 3,900 SH   OTR 1 0 3,900 0
TECO ENERGY INC COM 872375100 205 11,800 SH   OTR 1 0 11,800 0
THE INTERPUBLIC GROUP OF COMPANIES COM 460690100 139 7,584 SH   SOLE 2 7,584 0 0
TORCHMARK CORP COM 891027104 181 3,450 SH   OTR 1 0 3,450 0
TRAVELERS COS INC/THE COM 89417E109 488 5,200 SH   OTR 1 0 5,200 0
TRIPADVISOR INC COM 896945201 632 6,915 SH   SOLE   6,915 0 0
UNITED PARCEL SERVICE-CL B CL B 911312106 295 3,000 SH   OTR 1 0 3,000 0
UNITEDHEALTH GROUP INC COM 91324P102 285 3,300 SH   OTR 1 0 3,300 0
US BANCORP COM NEW 902973304 59 1,400 SH   OTR 1 0 1,400 0
VANGUARD FTSE DEVELOPED MARKETS ETF FTSE DEV MKT ETF 921943858 3,900 98,117 SH   SOLE 2 98,117 0 0
VANGUARD INFO TECH ETF INF TECH ETF 92204A702 18,687 186,720 SH   SOLE   132,458 0 54,262
VANGUARD REIT INDEX FUND ETF REIT ETF 922908553 6,265 87,200 SH   SOLE 2 87,200 0 0
VANGUARD TELECOM SERVICE ETF TELCOMM ETF 92204A884 3,544 40,597 SH   SOLE   27,611 0 12,986
VANGUARD TOTAL BOND MARKET INDEX F TOTAL BND MRKT 921937835 26,978 329,283 SH   SOLE 2 329,283 0 0
VANGUARD TOTAL STOCK MARKET INDEX TOTAL STK MKT 922908769 13,233 130,706 SH   SOLE 2 130,706 0 0
VANGUARD VALUE ETF VALUE ETF 922908744 9,636 118,669 SH   SOLE   0 0 118,669
VARIAN MEDICAL SYSTEMS INC COM 92220P105 120 1,500 SH   OTR 1 0 1,500 0
VERISIGN INC COM 92343E102 215 3,900 SH   OTR 1 0 3,900 0
VERIZON COMMUNICATIONS INC COM 92343V104 410 8,200 SH   OTR 1 0 8,200 0
WAL-MART STORES INC COM 931142103 459 6,000 SH   OTR 1 0 6,000 0
WELLPOINT INC COM 94973V107 120 1,000 SH   OTR 1 0 1,000 0
WHITEWAVE FOODS CO - A COM 966244105 803 22,098 SH   SOLE   22,098 0 0
WINDSTREAM CORP COM 97382A101 314 29,100 SH   OTR 1 0 29,100 0
WISDOMTREE EUROPE HEDGED EQU EUROPE HEDGED EQ 97717X701 5,393 93,332 SH   SOLE   93,332 0 0
WISDOMTREE JAPAN HEDGED EQ JAPN HEDGE EQT 97717W851 21,909 418,756 SH   SOLE   418,756 0 0
WPX ENERGY INC COM 98212B103 792 32,937 SH   SOLE   32,937 0 0
XCEL ENERGY INC COM 98389B100 152 5,000 SH   OTR 1 0 5,000 0
ZOETIS INC CL A 98978V103 833 22,538 SH   SOLE   22,538 0 0
ZOETIS INC CL A 98978V103 303 8,200 SH   OTR 1 0 8,200 0