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

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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
ISHARES ETF 464286806 4,898 186,434 SH   DFND 1 0 0 0
ISHARES TR ETF 46429B655 9,682 190,776 SH   DFND 1 0 0 0
ISHARES TR ETF 464287184 4,983 131,096 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD ETF 33734X135 4,848 199,486 SH   DFND 1 0 0 0
PIMCO ETF TR ETF 72201R833 3,910 38,554 SH   DFND 1 0 0 0
POWERSHARES QQQ TRUST ETF 73935A104 4,203 35,400 SH   DFND 1 0 0 0
SCHWAB STRATEGIC TR ETF 808524862 9,855 194,029 SH   DFND 1 0 0 0
POWERSHARES ETF TR II ETF 73937B654 4,258 109,422 SH   DFND 1 0 0 0
POWERSHS DB US DOLLAR INDEX ETF 73936D107 2,830 114,671 SH   DFND 1 0 0 0
VANGUARD INDEX FDS ETF 922908553 6,281 72,411 SH   DFND 1 0 0 0
VANGUARD INTL EQUITY INDEX F ETF 922042858 4,900 130,202 SH   DFND 1 0 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 5,960 82,657 SH   DFND 1 0 0 0
ISHARES TR ETF 464288182 1,156 19,109 SH   SOLE 0 0 0 0
ISHARES TR ETF 464287226 347 3,090 SH   SOLE 0 0 0 0
POWERSHS DB MULTI SECT COMM ETF 73936B408 303 15,172 SH   SOLE 0 0 0 0
DBX ETF TR ETF 233051200 1,363 51,677 SH   SOLE 0 0 0 0
DBX ETF TR ETF 233051101 584 29,025 SH   SOLE 0 0 0 0
ISHARES TR ETF 46429B309 207 7,813 SH   SOLE 0 0 0 0
ISHARES TR ETF 46429B655 2,127 41,915 SH   SOLE 0 0 0 0
SPDR GOLD TRUST ETF 78463V107 256 2,039 SH   SOLE 0 0 0 0
ISHARES GOLD TRUST ETF 464285105 202 15,930 SH   SOLE 0 0 0 0
ISHARES TR ETF 46429B598 340 11,548 SH   SOLE 0 0 0 0
ISHARES TR ETF 464287762 907 6,038 SH   SOLE 0 0 0 0
PIMCO ETF TR ETF 72201R833 1,491 14,702 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II ETF 73936T565 677 44,765 SH   SOLE 0 0 0 0
POWERSHARES ETF TRUST ETF 73935X286 208 4,388 SH   SOLE 0 0 0 0
OPPENHEIMER REV WEIGHTED ETF ETF 68386C104 1,136 27,183 SH   SOLE 0 0 0 0
ISHARES TR ETF 464287457 3,247 38,184 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II ETF 73937B654 1,375 35,329 SH   SOLE 0 0 0 0
UNITED STATES NATL GAS FUND ETF 912318201 133 15,861 SH   SOLE 0 0 0 0
POWERSHS DB US DOLLAR INDEX ETF 73936D107 265 10,721 SH   SOLE 0 0 0 0
VANECK VECTORS ETF TR ETF 92189F817 139 9,178 SH   SOLE 0 0 0 0
VANGUARD INDEX FDS ETF 922908553 405 4,672 SH   SOLE 0 0 0 0
SPDR SERIES TRUST ETF 78464A870 143 2,163 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 208 2,947 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 1,337 25,128 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 1,574 21,833 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD ETF 33734X135 162 6,649 SH   SOLE 0 0 0 0
ISHARES ETF 464286806 104 3,961 SH   SOLE 0 0 0 0
ISHARES TR ETF 464287184 221 5,802 SH   SOLE 0 0 0 0
ISHARES TR ETF 464287473 40 523 SH   SOLE 0 0 0 0
POWERSHARES QQQ TRUST ETF 73935A104 212 1,786 SH   SOLE 0 0 0 0
POWERSHARES INDIA ETF TR ETF 73935L100 115 5,563 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II ETF 73937B647 58 1,482 SH   SOLE 0 0 0 0
VANGUARD INTL EQUITY INDEX F ETF 922042858 104 2,766 SH   SOLE 0 0 0 0