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
CAPE BANCORP INC COM 139209100 1,463 133,026 SH   SOLE   133,026 0 0
GAMING and LEISURE PPTYS INC COM 36467J108 4,898 134,333 SH   SOLE   134,333 0 0
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 16,160 546,869 SH   SOLE   546,869 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 527 12,715 SH   SOLE   12,715 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 235 1,905 SH   SOLE   1,905 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 16,211 334,988 SH   SOLE   334,988 0 0
CHEVRON CORP NEW COM 166764100 550 4,623 SH   SOLE   4,623 0 0
ENVESTNET INC COM 29404K106 603 15,000 SH   SOLE   15,000 0 0
GENERAL ELECTRIC CO COM 369604103 264 10,206 SH   SOLE   10,206 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 523 8,083 SH   SOLE   8,083 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 525 10,034 SH   SOLE   10,034 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 526 11,118 SH   SOLE   11,118 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 6,685 215,988 SH   SOLE   215,988 0 0
ISHARES IBOXX HI YD ETF 464288513 68,434 725,015 SH   SOLE   725,015 0 0
PENN NATL GAMING INC COM 707569109 1,237 100,444 SH   SOLE   100,444 0 0
PFIZER INC COM 717081103 235 7,312 SH   SOLE   7,312 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 189 12,963 SH   SOLE   12,963 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 141 16,666 SH   SOLE   16,666 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 523 14,380 SH   SOLE   14,380 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 641 10,746 SH   SOLE   10,746 0 0
ANNALY CAP MGMT INC COM 035710409 329 30,000 SH   SOLE   30,000 0 0
DREYFUS STRATEGIC MUNICIPALS INC COM 261932107 113 13,900 SH   SOLE   13,900 0 0
EXXON MOBIL CORP COM 30231G102 319 3,264 SH   SOLE   3,264 0 0
GASTAR EXPL INC NEW COM ADDED 36729W202 131 24,000 SH   SOLE   24,000 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 10,168 95,370 SH   SOLE   95,370 0 0
PIMCO HIGH INCOME FD COM SHS 722014107 879 70,000 SH   SOLE   70,000 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 525 12,185 SH   SOLE   12,185 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 523 5,874 SH   SOLE   5,874 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 525 23,479 SH   SOLE   23,479 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 68,621 1,661,059 SH   SOLE   1,661,059 0 0
SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 16,353 299,167 SH   SOLE   299,167 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 1,028 20,437 SH   SOLE   20,437 0 0