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
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 4,079 43,057 SH   DFND 1 0 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 18,250 358,397 SH   DFND 1 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,982 42,210 SH   DFND 1 0 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 5,996 50,445 SH   DFND 1 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 4,027 39,592 SH   DFND 1 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 3,959 98,403 SH   DFND 1 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 2,173 28,160 SH   DFND 1 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,188 40,235 SH   DFND 1 0 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 5,240 174,540 SH   DFND 1 0 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 4,178 105,222 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 2,098 73,397 SH   DFND 1 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 10,045 199,229 SH   DFND 1 0 0 0
ISHARES TR CORE US AGGBD ET 464287226 54 495 SH   SOLE 0 0 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 96 5,879 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EMKT 233051101 665 30,444 SH   SOLE 0 0 0 0
ISHARES TR MSCI EAFE ETF 464287465 57 881 SH   SOLE 0 0 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 35 1,300 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 1,369 14,446 SH   SOLE 0 0 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 4,669 91,701 SH   SOLE 0 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,424 12,068 SH   SOLE 0 0 0 0
ISHARES GOLD TRUST ISHARES 464285105 34 2,846 SH   SOLE 0 0 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 151 1,274 SH   SOLE 0 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 1,579 15,525 SH   SOLE 0 0 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 114 2,132 SH   SOLE 0 0 0 0
PROSHARES TR ULTSHRT QQQ 74348A426 592 33,887 SH   SOLE 0 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 197 1,431 SH   SOLE 0 0 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 3,286 38,892 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 1,453 36,110 SH   SOLE 0 0 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 45 330 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 730 9,458 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 70 886 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 2,017 67,202 SH   SOLE 0 0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 62 1,503 SH   SOLE 0 0 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 135 3,401 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 38 1,326 SH   SOLE 0 0 0 0
ISHARES TR RUS MDCP VAL ETF 464287473 40 471 SH   SOLE 0 0 0 0
OPPENHEIMER REV WEIGHTED ETF LARGE CAP REV ET 68386C104 1,592 34,243 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,522 17,123 SH   SOLE 0 0 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,540 27,406 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 121 2,794 SH   SOLE 0 0 0 0