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
3M Co CS 88579Y101 834 4,668 SH   SOLE   0 0 4,668
Abbott Laboratories CS 002824100 905 23,566 SH   SOLE   97 0 23,469
AbbVie Inc CS 00287Y109 1,618 25,842 SH   SOLE   97 0 25,745
ABIOMED, Inc. CS 003654100 259 2,296 SH   SOLE   0 0 2,296
Accenture PLC Cl A CS G1151C101 210 1,793 SH   SOLE   0 0 1,793
Acuity Brands Inc CS 00508Y102 1,441 6,242 SH   SOLE   0 0 6,242
Adobe Systems CS 00724F101 3,518 34,168 SH   SOLE   2,746 0 31,422
Aetna Life & Casualty CS 00817Y108 422 3,402 SH   SOLE   0 0 3,402
Air Products & Chemical CS 009158106 404 2,806 SH   SOLE   67 0 2,739
Akamai Technologies CS 00971T101 289 4,339 SH   SOLE   0 0 4,339
Albemarle Corp CS 012653101 391 4,548 SH   SOLE   0 0 4,548
Alibaba Group Holdings CS 01609W102 223 2,540 SH   SOLE   0 0 2,540
Allergan PLC CS G0177J108 388 1,846 SH   SOLE   0 0 1,846
Alliance Data Systems Corp CS 018581108 2,086 9,131 SH   SOLE   923 0 8,208
Allstate Corp CS 020002101 280 3,773 SH   SOLE   0 0 3,773
Alphabet Inc Cl A CS 02079K305 3,828 4,830 SH   SOLE   258 0 4,572
Alphabet Inc Cl C CS 02079K107 2,265 2,935 SH   SOLE   143 0 2,792
Altria Group Inc CS 02209S103 1,990 29,423 SH   SOLE   7,110 0 22,313
Amazon.com Inc CS 023135106 976 1,302 SH   SOLE   0 0 1,302
American Express CS 025816109 1,138 15,357 SH   SOLE   70 0 15,287
American International Group CS 026874784 302 4,631 SH   SOLE   0 0 4,631
American National Bancshares CS 027745108 515 14,801 SH   SOLE   0 0 14,801
Amgen Inc CS 031162100 1,003 6,862 SH   SOLE   80 0 6,782
Anthem Inc CS 036752103 1,325 9,218 SH   SOLE   0 0 9,218
Apollo Investment Corp CS 03761U106 60 10,300 SH   SOLE   0 0 10,300
Apple Inc CS 037833100 14,495 125,150 SH   SOLE   3,058 0 122,092
Applied Materials CS 038222105 318 9,846 SH   SOLE   1,670 0 8,176
Armada Hoffler Properties CS 04208T108 3,268 224,267 SH   SOLE   0 0 224,267
At Home Group Inc CS 04650Y100 293 20,000 SH   SOLE   0 0 20,000
AT&T Inc CS 00206R102 2,772 65,171 SH   SOLE   1,956 0 63,215
Automatic Data Processing CS 053015103 271 2,634 SH   SOLE   75 0 2,559
AVX Corp CS 002444107 196 12,548 SH   SOLE   2,600 0 9,948
Baker Hughes Inc CS 057224107 317 4,875 SH   SOLE   0 0 4,875
Bank of America Corp CS 060505104 924 41,808 SH   SOLE   2,070 0 39,738
BB&T Corporation CS 054937107 1,912 40,655 SH   SOLE   0 0 40,655
Berkshire Hathaway Inc Cl A CS 084670108 3,418 14 SH   SOLE   0 0 14
Berkshire Hathaway Inc Cl B CS 084670702 4,702 28,853 SH   SOLE   2,100 0 26,753
BlackRock Inc CS 09247X101 239 629 SH   SOLE   0 0 629
Boeing Company CS 097023105 4,416 28,363 SH   SOLE   8,385 0 19,978
BorgWarner Inc CS 099724106 239 6,062 SH   SOLE   0 0 6,062
Bounty Oil & Gas NL CS Q1714E106 2 300,000 SH   SOLE   0 0 300,000
Brilliance China Auto Ltd CS G1368B102 138 100,000 SH   SOLE   0 0 100,000
Bristol-Myers Squibb Co CS 110122108 4,269 73,046 SH   SOLE   4,520 0 68,526
Brown-Forman Corp-Cl B CS 115637209 588 13,098 SH   SOLE   0 0 13,098
C R Bard Inc CS 067383109 1,348 6,000 SH   SOLE   0 0 6,000
Capital One Financial CS 14040H105 1,524 17,467 SH   SOLE   0 0 17,467
Carlyle Group LP CS 14309L102 2,016 132,205 SH   SOLE   3,125 0 129,080
CarMax Inc CS 143130102 829 12,868 SH   SOLE   0 0 12,868
Caterpillar CS 149123101 8,448 91,092 SH   SOLE   200 0 90,892
CB Richard Ellis Group Inc CS 12504L109 2,811 89,281 SH   SOLE   7,680 0 81,601
Celgene Corp CS 151020104 439 3,791 SH   SOLE   0 0 3,791
Cerner Corp CS 156782104 1,635 34,513 SH   SOLE   3,855 0 30,658
Charles Schwab Corp CS 808513105 3,292 83,406 SH   SOLE   8,178 0 75,228
Check Point Software Tech CS M22465104 281 3,332 SH   SOLE   0 0 3,332
Chevron Corp CS 166764100 5,423 46,078 SH   SOLE   2,004 0 44,074
China Wi-Max Comm CS 16948L104 0 20,000 SH   SOLE   0 0 20,000
Cigna Corp CS 125509109 579 4,340 SH   SOLE   0 0 4,340
Cintas Corp CS 172908105 324 2,800 SH   SOLE   0 0 2,800
Cisco Systems CS 17275R102 1,430 47,310 SH   SOLE   3,655 0 43,655
Citizens Financial Group CS 174610105 286 8,033 SH   SOLE   0 0 8,033
Coca Cola Company CS 191216100 3,042 73,368 SH   SOLE   2,166 0 71,202
Cognizant Tech Sol Corp Cl A CS 192446102 214 3,818 SH   SOLE   0 0 3,818
Colgate Palmolive Co CS 194162103 3,271 49,986 SH   SOLE   3,861 0 46,125
Comcast Corp-New Cl A CS 20030N101 1,461 21,153 SH   SOLE   0 0 21,153
ConocoPhillips CS 20825C104 2,718 54,209 SH   SOLE   4,375 0 49,834
Costamare Inc CS Y1771G102 56 10,000 SH   SOLE   0 0 10,000
Costco Wholesale CS 22160K105 468 2,924 SH   SOLE   0 0 2,924
Cracker Barrel Old Country CS 22410J106 950 5,692 SH   SOLE   0 0 5,692
CRH Medical Corp CS 12626F105 184 35,000 SH   SOLE   0 0 35,000
Crown Castle Intl Corp CS 22822V101 241 2,775 SH   SOLE   0 0 2,775
CSX Corp CS 126408103 334 9,285 SH   SOLE   1,265 0 8,020
CVR Refining LP CS 12663P107 344 33,100 SH   SOLE   0 0 33,100
CVS Corp CS 126650100 1,965 24,901 SH   SOLE   3,630 0 21,271
Danaher Corp CS 235851102 1,336 17,163 SH   SOLE   0 0 17,163
Delta Air Lines CS 247361702 6,003 122,047 SH   SOLE   5,830 0 116,217
Diageo PLC ADR CS 25243Q205 423 4,070 SH   SOLE   105 0 3,965
Discovery Comm Inc Cl C CS 25470F302 448 16,743 SH   SOLE   0 0 16,743
Dollar Tree Inc CS 256746108 730 9,458 SH   SOLE   0 0 9,458
Dominion Resources CS 25746U109 2,834 36,999 SH   SOLE   131 0 36,868
Dow Chemicals CS 260543103 686 11,990 SH   SOLE   2,159 0 9,831
Du Pont E.I. De Nemours & Co CS 263534109 849 11,563 SH   SOLE   125 0 11,438
Duke Energy Corp CS 26441C204 1,336 17,207 SH   SOLE   1,080 0 16,127
Eagle Financial Services, Inc. CS 26951R104 569 22,097 SH   SOLE   0 0 22,097
eBay Inc CS 278642103 252 8,490 SH   SOLE   0 0 8,490
Eli Lilly CS 532457108 358 4,872 SH   SOLE   349 0 4,523
Emerson Electric Co CS 291011104 310 5,553 SH   SOLE   400 0 5,153
Express Scripts Holding Co CS 30219G108 283 4,109 SH   SOLE   780 0 3,329
Exxon Mobil Corp CS 30231G102 8,360 92,616 SH   SOLE   11,372 0 81,244
Facebook Inc CS 30303M102 3,019 26,242 SH   SOLE   1,565 0 24,677
FedEx Corp CS 31428X106 2,577 13,841 SH   SOLE   1,485 0 12,356
Fidelis Energy Inc CS 315746107 0 1,500,000 SH   SOLE   0 0 1,500,000
FireEye Inc CS 31816Q101 195 16,400 SH   SOLE   0 0 16,400
First Cash Financial Svcs CS 33767D105 364 7,745 SH   SOLE   0 0 7,745
Fiserv Inc CS 337738108 3,155 29,684 SH   SOLE   2,647 0 27,037
Flowers Foods Inc CS 343498101 256 12,795 SH   SOLE   2,345 0 10,450
Fortive Corp CS 34959J108 457 8,522 SH   SOLE   0 0 8,522
General Electric CS 369604103 6,707 212,234 SH   SOLE   13,263 0 198,971
General Mills Inc CS 370334104 352 5,702 SH   SOLE   0 0 5,702
Gilead Sciences Inc CS 375558103 464 6,480 SH   SOLE   480 0 6,000
GlaxoSmithkline PLC-ADR CS 37733W105 288 7,474 SH   SOLE   965 0 6,509
Goldman Sachs Group, Inc CS 38141G104 201 839 SH   SOLE   0 0 839
Grainger W W Inc CS 384802104 317 1,366 SH   SOLE   0 0 1,366
Halliburton Co CS 406216101 2,505 46,310 SH   SOLE   4,525 0 41,785
Harman Int'l Ind Inc CS 413086109 228 2,050 SH   SOLE   415 0 1,635
Harris Corp CS 413875105 216 2,107 SH   SOLE   0 0 2,107
Hershey Foods CS 427866108 709 6,859 SH   SOLE   120 0 6,739
Home Depot CS 437076102 537 4,003 SH   SOLE   164 0 3,839
Honeywell International Inc CS 438516106 520 4,486 SH   SOLE   0 0 4,486
Hormel Foods Corp CS 440452100 287 8,256 SH   SOLE   0 0 8,256
Hubbell Inc CS 443510607 297 2,548 SH   SOLE   0 0 2,548
Huntington Ingalls Ind CS 446413106 270 1,467 SH   SOLE   14 0 1,453
Illinois Tool Works CS 452308109 209 1,708 SH   SOLE   0 0 1,708
Intel Corp CS 458140100 1,715 47,291 SH   SOLE   242 0 47,049
International Business Machine CS 459200101 1,794 10,805 SH   SOLE   3,228 0 7,577
International Paper CS 460146103 340 6,406 SH   SOLE   0 0 6,406
Intl Dispensing Corp CS 459407102 1,334 3,253,340 SH   SOLE   0 0 3,253,340
Intuitive Surgical Inc. CS 46120E602 233 368 SH   SOLE   0 0 368
iPackets International Inc CS 46262T102 0 264,000 SH   SOLE   0 0 264,000
Iridium Communications Inc CS 46269C102 193 20,095 SH   SOLE   0 0 20,095
JM Smucker Co CS 832696405 374 2,922 SH   SOLE   0 0 2,922
Johnson & Johnson CS 478160104 8,912 77,358 SH   SOLE   1,841 0 75,517
Johnson Controls Intl PLC CS G51502105 1,447 35,122 SH   SOLE   4,120 0 31,002
JP Morgan Chase & Co CS 46625H100 2,047 23,719 SH   SOLE   5,856 0 17,863
Kellogg Company CS 487836108 7,448 101,050 SH   SOLE   55 0 100,995
Kimberly Clark Corp CS 494368103 1,824 15,982 SH   SOLE   0 0 15,982
Kinder Morgan CS 49456B101 2,667 128,779 SH   SOLE   0 0 128,779
Kraft Heinz Co CS 500754106 672 7,692 SH   SOLE   1,166 0 6,526
Kroger Company CS 501044101 213 6,161 SH   SOLE   0 0 6,161
Laboratory Corp of Amer Hldgs CS 50540R409 374 2,910 SH   SOLE   0 0 2,910
Liberty Tax Inc CS 53128T102 141 10,539 SH   SOLE   0 0 10,539
Lockheed Martin CS 539830109 985 3,939 SH   SOLE   0 0 3,939
Loews Corp CS 540424108 371 7,912 SH   SOLE   855 0 7,057
Lowe's Companies CS 548661107 828 11,641 SH   SOLE   0 0 11,641
Marathon Petroleum Corp CS 56585A102 210 4,161 SH   SOLE   0 0 4,161
Markel Corp CS 570535104 204 226 SH   SOLE   0 0 226
Marriott International Inc CS 571903202 202 2,448 SH   SOLE   0 0 2,448
Marsh & McLennan Companies CS 571748102 243 3,589 SH   SOLE   0 0 3,589
MasterCard Inc CS 57636Q104 2,586 25,050 SH   SOLE   2,510 0 22,540
McCormick & Co CS 579780206 762 8,160 SH   SOLE   0 0 8,160
McDonald's Corp CS 580135101 741 6,084 SH   SOLE   210 0 5,874
McGrath Rentcorp CS 580589109 203 5,170 SH   SOLE   0 0 5,170
Medtronic PLC CS G5960L103 228 3,199 SH   SOLE   0 0 3,199
Merck & Co Inc CS 58933Y105 2,120 36,005 SH   SOLE   3,065 0 32,940
MetLife Inc CS 59156R108 305 5,655 SH   SOLE   840 0 4,815
Microsoft Corp CS 594918104 9,233 148,590 SH   SOLE   13,862 0 134,728
Mohawk Industries CS 608190104 301 1,508 SH   SOLE   0 0 1,508
Mondelez International Inc CS 609207105 946 21,339 SH   SOLE   3,500 0 17,839
Morgan Stanley CS 617446448 2,545 60,241 SH   SOLE   6,466 0 53,775
Nestle ADR CS 641069406 451 6,281 SH   SOLE   0 0 6,281
New Mountain Finance Corp CS 647551100 173 12,280 SH   SOLE   0 0 12,280
NewMarket Corp CS 651587107 1,451 3,424 SH   SOLE   0 0 3,424
NextEra Energy Inc CS 65339F101 388 3,245 SH   SOLE   336 0 2,909
Nike Inc CL B CS 654106103 206 4,062 SH   SOLE   680 0 3,382
Nordic Amer Tanker Shipping Lt CS G65773106 188 22,327 SH   SOLE   0 0 22,327
Norfolk Southern Corporation CS 655844108 48,593 449,642 SH   SOLE   399 0 449,243
Northrop Grumman CS 666807102 891 3,833 SH   SOLE   85 0 3,748
Novartis A G Sponsored ADR CS 66987V109 474 6,504 SH   SOLE   55 0 6,449
NRG Yield Inc Class C CS 62942X405 186 11,778 SH   SOLE   0 0 11,778
Omnicom Group CS 681919106 412 4,835 SH   SOLE   0 0 4,835
Oracle Corp CS 68389X105 2,896 75,328 SH   SOLE   5,352 0 69,976
Parker Hannifin CS 701094104 424 3,031 SH   SOLE   0 0 3,031
PayPal Holdings Inc CS 70450Y103 2,526 63,993 SH   SOLE   5,120 0 58,873
Pepsico Inc CS 713448108 8,100 77,420 SH   SOLE   6,347 0 71,073
Pfizer Inc CS 717081103 4,391 135,191 SH   SOLE   4,299 0 130,892
Philip Morris Intl Inc CS 718172109 1,436 15,700 SH   SOLE   3,825 0 11,875
Phillips 66 CS 718546104 319 3,696 SH   SOLE   127 0 3,569
PNC Financial Services Group CS 693475105 2,334 19,952 SH   SOLE   0 0 19,952
Potomac Bancshares Inc CS 737643106 529 55,390 SH   SOLE   0 0 55,390
PPL Corporation CS 69351T106 323 9,474 SH   SOLE   0 0 9,474
PrimeCare Systems Inc CS 74162Y104 0 100,000 SH   SOLE   0 0 100,000
Procter & Gamble CS 742718109 5,193 61,763 SH   SOLE   5,827 0 55,936
Progressive Corp, Ohio CS 743315103 398 11,206 SH   SOLE   120 0 11,086
PVH Corp CS 693656100 321 3,559 SH   SOLE   0 0 3,559
Qualcomm Inc CS 747525103 1,453 22,288 SH   SOLE   650 0 21,638
Rand Worldwide Inc CS 752246108 70 30,800 SH   SOLE   0 0 30,800
Rayonier Inc CS 754907103 360 13,550 SH   SOLE   0 0 13,550
Raytheon Co CS 755111507 257 1,810 SH   SOLE   0 0 1,810
Reliance Steel & Aluminum CS 759509102 446 5,604 SH   SOLE   5,570 0 34
Reynolds American Inc CS 761713106 1,393 24,857 SH   SOLE   20,380 0 4,477
Rockwell Collins Inc CS 774341101 314 3,380 SH   SOLE   0 0 3,380
Sabre Corp CS 78573M104 243 9,744 SH   SOLE   0 0 9,744
Sanofi Aventis CS 80105N105 2,839 70,201 SH   SOLE   3,589 0 66,612
SCANA Corp CS 80589M102 298 4,070 SH   SOLE   0 0 4,070
Schlumberger Ltd CS 806857108 1,168 13,910 SH   SOLE   575 0 13,335
Sherwin Williams Co CS 824348106 569 2,119 SH   SOLE   100 0 2,019
Sirius XM Holdings Inc CS 82968B103 71 16,000 SH   SOLE   0 0 16,000
Southern Co CS 842587107 2,488 50,582 SH   SOLE   4,750 0 45,832
Southern Natl Bancorp of Va CS 843395104 1,452 88,875 SH   SOLE   0 0 88,875
Spectra Energy Corp CS 847560109 217 5,272 SH   SOLE   186 0 5,086
Stanley Black & Decker Inc CS 854502101 264 2,303 SH   SOLE   0 0 2,303
Starbucks Corp CS 855244109 417 7,506 SH   SOLE   0 0 7,506
SunTrust Banks CS 867914103 655 11,935 SH   SOLE   0 0 11,935
Sysco Corp CS 871829107 815 14,711 SH   SOLE   90 0 14,621
Target Corp CS 87612E106 527 7,299 SH   SOLE   0 0 7,299
Tesla Motors Inc CS 88160R101 376 1,760 SH   SOLE   0 0 1,760
Texas Instruments Inc CS 882508104 5,872 80,476 SH   SOLE   179 0 80,297
The Clorox Co CS 189054109 732 6,101 SH   SOLE   0 0 6,101
The Walt Disney Co CS 254687106 4,176 40,069 SH   SOLE   2,878 0 37,191
Theralase Technologies Inc CS 88337V100 6 30,000 SH   SOLE   0 0 30,000
Time Warner Inc CS 887317303 296 3,063 SH   SOLE   319 0 2,744
TJX Companies CS 872540109 2,532 33,697 SH   SOLE   3,179 0 30,518
TowneBank CS 89214P109 6,407 192,694 SH   SOLE   0 0 192,694
Trevali Mining Corp CS 89531J109 8 10,000 SH   SOLE   0 0 10,000
TriplePoint Venture Gr BDC CS 89677Y100 295 25,000 SH   SOLE   0 0 25,000
Twenty First Century Fox B CS 90130A200 315 11,550 SH   SOLE   1,325 0 10,225
UDR Inc. CS 902653104 237 6,494 SH   SOLE   0 0 6,494
Union Pacific CS 907818108 542 5,227 SH   SOLE   0 0 5,227
United Parcel Service CL B CS 911312106 1,022 8,912 SH   SOLE   350 0 8,562
United Technologies CS 913017109 883 8,058 SH   SOLE   332 0 7,726
UnitedHealthcare Group Inc CS 91324P102 420 2,626 SH   SOLE   80 0 2,546
US Bancorp CS 902973304 1,092 21,254 SH   SOLE   0 0 21,254
Valero Energy CS 91913Y100 281 4,110 SH   SOLE   0 0 4,110
VCA Antech Inc CS 918194101 2,769 40,341 SH   SOLE   4,264 0 36,077
Verizon Communications Inc CS 92343V104 2,652 49,686 SH   SOLE   591 0 49,095
Vertex Pharmaceuticals CS 92532F100 207 2,815 SH   SOLE   0 0 2,815
Visa Inc Cl A CS 92826C839 1,021 13,087 SH   SOLE   0 0 13,087
Vulcan Materials Co CS 929160109 366 2,923 SH   SOLE   0 0 2,923
Wal-Mart Stores CS 931142103 1,298 18,772 SH   SOLE   1,631 0 17,141
Walgreens Boots Alliance CS 931427108 757 9,141 SH   SOLE   0 0 9,141
Waste Management, Inc CS 94106L109 1,245 17,557 SH   SOLE   500 0 17,057
Wells Fargo & Co CS 949746101 3,531 64,072 SH   SOLE   4,596 0 59,476
Westar Energy Inc CS 95709T100 307 5,450 SH   SOLE   0 0 5,450
WestRock Co CS 96145D105 296 5,822 SH   SOLE   0 0 5,822
Weyerhaeuser Company CS 962166104 275 9,134 SH   SOLE   0 0 9,134
Willis Towers Watson PLC CS G96629103 539 4,411 SH   SOLE   0 0 4,411
Xcel Energy Inc CS 98389B100 237 5,816 SH   SOLE   0 0 5,816
Xenith Bankshares Inc. CS 984102202 227 8,038 SH   SOLE   0 0 8,038
Xerox Corp CS 984121103 107 12,300 SH   SOLE   0 0 12,300
Yadkin Financial Corp CS 984305102 1,122 32,737 SH   SOLE   0 0 32,737
YUM Brands Inc CS 988498101 267 4,218 SH   SOLE   597 0 3,621
Zimmer Biomet Holdings Inc CS 98956P102 2,210 21,412 SH   SOLE   2,005 0 19,407
Zoetis Inc CS 98978V103 350 6,547 SH   SOLE   0 0 6,547
Eaton Vance TM Glbl BR Opp FS 27829C105 128 12,739 SH   SOLE   0 0 12,739
FlexShares Credit Scored US FS 33939L761 207 4,135 SH   SOLE   1,845 0 2,290
Flexshares Disc Dur Mbs FS 33939L779 307 12,705 SH   SOLE   5,605 0 7,100
FlexShares Ready Access Var FS 33939L886 685 9,075 SH   SOLE   4,155 0 4,920
Guggenheim Defensive Eqty FS 18383M878 207 5,310 SH   SOLE   0 0 5,310
Guggenheim S&P 500 Pure Gr FS 78355W403 3,888 46,520 SH   SOLE   7,135 0 39,385
Guggenheim S&P 500 Pure Val FS 78355W304 5,578 96,865 SH   SOLE   15,225 0 81,640
Guggenheim S&P 500 Top 50 FS 78355W205 9,282 58,918 SH   SOLE   2,180 0 56,738
Guggenheim S&P EW Energy FS 78355W866 22,275 347,978 SH   SOLE   183,520 0 164,458
Guggenheim S&P EW Financials FS 78355W858 106,327 2,886,980 SH   SOLE   1,535,895 0 1,351,085
Guggenheim S&P EW Ind FS 78355W833 21,041 212,255 SH   SOLE   113,270 0 98,985
Guggenheim S&P EW Materials FS 78355W825 24,231 266,019 SH   SOLE   140,140 0 125,879
Guggenheim S&P EW Tech FS 78355W817 23,485 216,471 SH   SOLE   113,979 0 102,492
HSBC S&P 500 Note Due 06/30/21 FS 40433C742 214 10,000 SH   SOLE   0 0 10,000
Industrial Select Sector SPDR FS 81369Y704 326 5,240 SH   SOLE   0 0 5,240
IQ Hedge Multi Str Tracker FS 45409B107 6,568 229,088 SH   SOLE   3,025 0 226,063
IQ Merger Arbitrage FS 45409B800 704 24,030 SH   SOLE   3,005 0 21,025
iShares C&S Realty Index FS 464287564 249 2,496 SH   SOLE   130 0 2,366
iShares Comex Gold Trust FS 464285105 1,050 94,723 SH   SOLE   1,965 0 92,758
iShares Core MSCI Emg Mkts FS 46434G103 292 6,876 SH   SOLE   0 0 6,876
iShares Curr Hdg MSCI EAFE FS 46434V803 233 8,919 SH   SOLE   0 0 8,919
iShares DJ US Aero & Def FS 464288760 327 2,330 SH   SOLE   0 0 2,330
iShares MSCI ACWI Index FS 464288257 15,221 257,246 SH   SOLE   238,730 0 18,516
iShares MSCI EAFE Index FS 464287465 38,440 665,857 SH   SOLE   47,211 0 618,646
iShares MSCI EAFE Value Index FS 464288877 19,618 415,194 SH   SOLE   25,680 0 389,514
iShares MSCI Emerg Mkts FS 464287234 4,654 132,931 SH   SOLE   1,945 0 130,986
iShares MSCI USA Min Vol FS 46429B697 801 17,720 SH   SOLE   0 0 17,720
iShares Russell 1000 Growth FS 464287614 45,339 432,214 SH   SOLE   26,641 0 405,573
iShares Russell 1000 Index FS 464287622 1,646 13,225 SH   SOLE   240 0 12,985
iShares Russell 1000 Value FS 464287598 3,705 33,070 SH   SOLE   1,889 0 31,181
iShares Russell 2000 Growth FS 464287648 712 4,628 SH   SOLE   82 0 4,546
iShares Russell 2000 Index FS 464287655 16,172 119,926 SH   SOLE   5,301 0 114,625
iShares Russell 2000 Value FS 464287630 12,233 102,852 SH   SOLE   8,291 0 94,561
iShares Russell 3000 Index FS 464287689 785 5,902 SH   SOLE   1,000 0 4,902
iShares Russell Midcap Growth FS 464287481 216 2,223 SH   SOLE   0 0 2,223
iShares Russell MidCap Index FS 464287499 30,230 169,014 SH   SOLE   6,914 0 162,100
iShares Russell MidCap Value FS 464287473 24,035 298,827 SH   SOLE   11,431 0 287,396
iShares S&P 500 Growth FS 464287309 249 2,045 SH   SOLE   0 0 2,045
iShares S&P 500 Index FS 464287200 104,492 464,430 SH   SOLE   19,774 0 444,656
iShares S&P 500 Value Index FS 464287408 330 3,254 SH   SOLE   0 0 3,254
iShares S&P Glbl Engy Sctr FS 464287341 5,399 155,145 SH   SOLE   44,125 0 111,020
iShares S&P Glbl Financial FS 464287333 5,337 92,375 SH   SOLE   27,280 0 65,095
iShares S&P SC 600 Growth FS 464287887 207 1,380 SH   SOLE   80 0 1,300
iShares S&P SmallCap 600 Index FS 464287804 221 1,610 SH   SOLE   375 0 1,235
iShares Select Dividend FS 464287168 409 4,618 SH   SOLE   0 0 4,618
Macquarie Infra Co LLC FS 55608B105 3,651 44,686 SH   SOLE   4,945 0 39,741
Materials Select Sector SPDR FS 81369Y100 324 6,525 SH   SOLE   0 0 6,525
PowerShares Dyn LC Value FS 73935X708 551 16,326 SH   SOLE   0 0 16,326
Schwab Fund Intl Large Co FS 808524755 216 8,620 SH   SOLE   0 0 8,620
Schwab International Equity FS 808524805 3,841 138,764 SH   SOLE   2,535 0 136,229
Schwab US Large Cap Growth FS 808524300 3,007 53,853 SH   SOLE   0 0 53,853
Schwab US Mid Cap FS 808524508 1,257 27,830 SH   SOLE   0 0 27,830
SPDR Barclays Cap Conv FS 78464A359 3,947 86,460 SH   SOLE   12,895 0 73,565
SPDR Consumer Disc Index FS 81369Y407 318 3,910 SH   SOLE   0 0 3,910
SPDR DJ Industrial Avg FS 78467X109 272 1,378 SH   SOLE   0 0 1,378
SPDR Energy Index FS 81369Y506 338 4,492 SH   SOLE   0 0 4,492
SPDR Gold Trust FS 78463V107 5,884 53,685 SH   SOLE   23,584 0 30,101
SPDR Metals & Mining FS 78464A755 315 10,370 SH   SOLE   0 0 10,370
SPDR Russell 1000 FS 78464A854 302 2,875 SH   SOLE   0 0 2,875
SPDR S&P 500 FS 78462F103 5,824 26,057 SH   SOLE   1,905 0 24,152
SPDR S&P Dividend FS 78464A763 203 2,369 SH   SOLE   0 0 2,369
SPDR S&P MidCap 400 FS 78467Y107 521 1,725 SH   SOLE   115 0 1,610
SPDR S&P World (ex-US) FS 78463X889 739 28,770 SH   SOLE   0 0 28,770
Vanguard All World Ex-US ETF FS 922042775 563 12,750 SH   SOLE   0 0 12,750
Vanguard Emerg Mkts ETF FS 922042858 17,398 486,243 SH   SOLE   32,515 0 453,728
Vanguard FTSE Dev Mkts ETF FS 921943858 1,459 39,919 SH   SOLE   405 0 39,514
Vanguard Growth ETF FS 922908736 562 5,044 SH   SOLE   0 0 5,044
Vanguard High Dvd Yield ETF FS 921946406 322 4,245 SH   SOLE   0 0 4,245
Vanguard Mid Cap ETF FS 922908629 1,006 7,642 SH   SOLE   0 0 7,642
Vanguard Midcap Value ETF FS 922908512 4,301 44,250 SH   SOLE   6,760 0 37,490
Vanguard REIT FS 922908553 246 2,986 SH   SOLE   0 0 2,986
Vanguard S&P 500 ETF FS 922908363 31,855 155,155 SH   SOLE   5,805 0 149,350
Vanguard Small Cap ETF FS 922908751 4,928 38,212 SH   SOLE   2,288 0 35,924
Vanguard Small Cap Value ETF FS 922908611 8,523 70,438 SH   SOLE   7,290 0 63,148
Vanguard Total Stock Mkt ETF FS 922908769 1,147 9,948 SH   SOLE   1,456 0 8,492
Vanguard Value ETF FS 922908744 32,720 351,793 SH   SOLE   24,659 0 327,134
Victory CEMP US 500 VW ETF FS 92647N782 267 6,620 SH   SOLE   0 0 6,620
WisdomTree Intl SC Dvd FS 97717W760 19,851 330,736 SH   SOLE   18,730 0 312,006
WisdomTree Large Cap Dvd FS 97717W307 33,293 416,687 SH   SOLE   24,272 0 392,415
WisdomTree Small Cap Dvd FS 97717W604 1,657 20,029 SH   SOLE   0 0 20,029