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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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
CURRENCYSHARES EURO TR EURO SHS 23130C108 2,477 20,934 SH   SOLE   3,260 0 17,674
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 2,438 17,889 SH   SOLE   2,796 0 15,093
ISHARES TR U.S. CNSM SV ETF 464287580 12,014 65,897 SH   SOLE   14,375 0 51,522
ISHARES TR CORE S&P500 ETF 464287200 1,909 7,192 SH   SOLE   536 0 6,656
ISHARES TR CORE S&P SCP ETF 464287804 1,348 17,506 SH   SOLE   3,138 0 14,368
ISHARES TR U.S. FIN SVC ETF 464287770 12,277 93,747 SH   SOLE   20,033 0 73,714
ISHARES TR U.S. TECH ETF 464287721 10,772 64,037 SH   SOLE   13,618 0 50,419
ISHARES TR EAFE SML CP ETF 464288273 9,261 142,054 SH   SOLE   31,917 0 110,137
ISHARES TR EDGE MSCI USA VL 46432F388 23,433 285,697 SH   SOLE   61,112 0 224,585
ISHARES TR USA MOMENTUM FCT 46432F396 24,988 235,910 SH   SOLE   50,547 0 185,363
ISHARES TR MSCI AC ASIA ETF 464288182 9,245 119,245 SH   SOLE   26,792 0 92,453
ISHARES TR IBOXX INV CP ETF 464287242 5,401 46,007 SH   SOLE   13,662 0 32,345
ISHARES TR MSCI EAFE ETF 464287465 1,612 23,138 SH   SOLE   4,157 0 18,981
ISHARES TR MBS ETF 464288588 1,191 11,382 SH   SOLE   2,045 0 9,337
ISHARES TR MSCI EMG MKT ETF 464287234 1,417 29,355 SH   SOLE   5,262 0 24,093
ISHARES TR CORE US AGGBD ET 464287226 1,205 11,240 SH   SOLE   2,033 0 9,207
JP MORGAN EXCHANGE TRADED FD JPMORGAN DIVER 46641Q407 12,369 177,486 SH   SOLE   29,770 0 147,716
JP MORGAN EXCHANGE TRADED FD DIV RTN INT EQ 46641Q209 4,132 69,522 SH   SOLE   11,637 0 57,885
PIMCO ETF TR ACTIVE BD ETF 72201R775 8,516 81,706 SH   SOLE   19,386 0 62,320
POWERSHARES ACT MANG COMM FD OPT YLD DIV 73937V106 2,631 148,059 SH   SOLE   23,217 0 124,842
POWERSHARES ETF TRUST DWA MOMENTUM PTF 73935X153 15,506 294,404 SH   SOLE   33,042 0 261,362
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 2,469 106,745 SH   SOLE   11,420 0 95,325
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 1,170 27,854 SH   SOLE   3,680 0 24,174
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 2,401 131,934 SH   SOLE   20,647 0 111,287
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W833 4,436 37,161 SH   SOLE   5,368 0 31,793
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 7,523 92,420 SH   SOLE   19,410 0 73,010
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 7,691 103,522 SH   SOLE   21,641 0 81,881
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,516 6,281 SH   SOLE   1,124 0 5,157
SPDR GOLD TRUST GOLD SHS 78463V107 1,228 9,761 SH   SOLE   1,764 0 7,997
SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 9,093 231,365 SH   SOLE   51,981 0 179,384
SPDR SERIES TRUST BLOMBRG BRC TIPS 78464A656 7,257 130,153 SH   SOLE   35,929 0 94,224
SPDR SERIES TRUST PORTFOLIO AGRGTE 78464A649 3,843 136,459 SH   SOLE   24,453 0 112,006
SPDR SERIES TRUST PORTFOLIO TL STK 78464A805 3,136 95,547 SH   SOLE   16,503 0 79,044
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 1,188 39,351 SH   SOLE   7,069 0 32,282
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 5,363 113,094 SH   SOLE   33,515 0 79,579
VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 7,947 273,480 SH   SOLE   64,848 0 208,632
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 2,466 30,850 SH   SOLE   3,952 0 26,898
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 1,099 13,437 SH   SOLE   1,793 0 11,644
VANGUARD INDEX FDS LARGE CAP ETF 922908637 3,529 29,114 SH   SOLE   2,970 0 26,144
VANGUARD INDEX FDS TOTAL STK MKT 922908769 11,963 88,146 SH   SOLE   14,565 0 73,581
VANGUARD INDEX FDS SML CP GRW ETF 922908595 1,237 7,547 SH   SOLE   988 0 6,559
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 6,576 139,975 SH   SOLE   16,951 0 123,024
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 4,116 75,696 SH   SOLE   12,711 0 62,985
VANGUARD SCOTTSDALE FDS VNG RUS1000GRW 92206C680 14,109 101,004 SH   SOLE   11,430 0 89,574
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,071 20,755 SH   SOLE   2,770 0 17,985
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,410 28,411 SH   SOLE   3,058 0 25,353
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,514 44,806 SH   SOLE   5,169 0 39,637
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 15,744 355,797 SH   SOLE   64,479 0 291,318
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 5,253 33,120 SH   SOLE   4,422 0 28,698
VANGUARD WORLD FDS INF TECH ETF 92204A702 7,235 42,309 SH   SOLE   5,751 0 36,558
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 10,640 153,159 SH   SOLE   19,900 0 133,259
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 6,762 44,046 SH   SOLE   5,860 0 38,186
WISDOMTREE TR INTL SMCAP DIV 97717W760 5,366 70,206 SH   SOLE   8,317 0 61,889
WISDOMTREE TR ASIA PAC EXJP FD 97717W828 5,288 75,627 SH   SOLE   8,938 0 66,689
WISDOMTREE TR EMERG CUR STR FD 97717W133 2,635 132,407 SH   SOLE   20,785 0 111,622