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
SPDR SELECT SECTOR SPDRTR MATLS 81369Y100 3,415 60,599 SH   OTR 1, 2, 3, 4, 5 60,599 0 0
SPDR SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,388 33,857 SH   OTR 1, 2, 3, 4, 5 33,857 0 0
SPDR CONSUMER DISCRETIONARY SELT 81369Y407 3,365 26,352 SH   OTR 1, 2, 3, 4, 5 26,352 0 0
SPDR SELECT SECTOR SPDR COMM SVCS 81369Y852 3,289 60,865 SH   OTR 1, 2, 3, 4, 5 60,865 0 0
SPDR SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,283 141,856 SH   OTR 1, 2, 3, 4, 5 141,856 0 0
iShares iShares Global Tech ETF 464287291 3,224 13,686 SH   OTR 1, 2, 3, 4, 5 13,686 0 0
iShares ISHARES GLOBAL MATERIALS ETF 464288695 3,222 51,466 SH   OTR 1, 2, 3, 4, 5 51,466 0 0
iShares ISHARES GLOBAL HEALTHCARE ET 464287325 3,190 46,378 SH   OTR 1, 2, 3, 4, 5 46,378 0 0
iShares ISHARES GLOBAL CONSUMER DISC 464288745 3,173 26,696 SH   OTR 1, 2, 3, 4, 5 26,696 0 0
iShares ISHARES GLOBAL TELECOM ETF 464287275 3,150 51,115 SH   OTR 1, 2, 3, 4, 5 51,115 0 0
iShares ISHARES GLOBAL INDUSTRIALS E 464288729 2,967 35,567 SH   OTR 1, 2, 3, 4, 5 35,567 0 0
iShares ISHARES GLOBAL CONSUMER STAPLES ETF 464288737 2,929 56,623 SH   OTR 1, 2, 3, 4, 5 56,623 0 0
iShares ISHARES GLOBAL UTILITIES ETF 464288711 2,829 53,071 SH   OTR 1, 2, 3, 4, 5 53,071 0 0
iShares ISHARES GLOBAL ENERGY ETF 464287341 2,764 141,429 SH   OTR 1, 2, 3, 4, 5 141,429 0 0
SPDR TECHNOLOGY SELECT SECT SPDR 81369Y803 2,745 26,266 SH   OTR 1, 2, 3, 4, 5 26,266 0 0
iShares ISHARES GLOBAL FINANCIALS ET 464287333 2,638 50,555 SH   OTR 1, 2, 3, 4, 5 50,555 0 0
SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 2,619 38,129 SH   OTR 1, 2, 3, 4, 5 38,129 0 0
SPDR SECTOR SPDR TR SHS BEN INT EN 81369y506 2,570 67,898 SH   OTR 1, 2, 3, 4, 5 67,898 0 0
SPDR CONSUMER STAPLES SPDR 81369Y308 2,470 42,127 SH   OTR 1, 2, 3, 4, 5 42,127 0 0
Fidelity FIDELITY MSCI MATERIALS INDEX ETF 316092881 1,846 59,861 SH   OTR 1, 2, 3, 4, 5 59,861 0 0
Fidelity FIDELITY MSCI CONSUMER DISCRETIONARY INDEX ETF 316092204 1,820 34,982 SH   OTR 1, 2, 3, 4, 5 34,982 0 0
Fidelity FIDELITY MSCI HEALTH CARE INDEX ETF 316092600 1,819 36,554 SH   OTR 1, 2, 3, 4, 5 36,554 0 0
Fidelity FIDELITY MSCI TELECOM INDEX ETF 316092873 1,779 50,391 SH   OTR 1, 2, 3, 4, 5 50,391 0 0
Fidelity FIDELITY MSCI FINANCIALS INDEX ETF 316092501 1,777 53,644 SH   OTR 1, 2, 3, 4, 5 53,644 0 0
Van Eck MARKET VECTORS EMERGING MARK 57060U522 1,654 53,797 SH   OTR 1, 2, 3, 4, 5 53,797 0 0
Fidelity FIDELITY MSCI INFORMATION TECH INDEX ETF 316092808 1,477 17,954 SH   OTR 1, 2, 3, 4, 5 17,954 0 0
Fidelity FIDELITY MSCI INDUSTRIALS INDEX ETF 316092709 1,416 39,441 SH   OTR 1, 2, 3, 4, 5 39,441 0 0
Fidelity FIDELITY MSCI ENERGY INDEX ETF 316092402 1,387 139,668 SH   OTR 1, 2, 3, 4, 5 139,668 0 0
iShares ISHARES IBOXX HI YD CP BD ETF 464288513 1,346 16,488 SH   OTR 1, 2, 3, 4, 5 16,488 0 0
Fidelity FIDELITY MSCI CONSUMER STAPLES INDEX ETF 316092303 1,331 38,168 SH   OTR 1, 2, 3, 4, 5 38,168 0 0
iShares ISHARES IBOXX $ INVEST GR CORP BD 464287242 1,188 8,834 SH   OTR 1, 2, 3, 4, 5 8,834 0 0
PowerShares POWERSHARES SENIOR LOAN 73936Q769 1,187 55,595 SH   OTR 1, 2, 3, 4, 5 55,595 0 0
iShares ISHARES INTERNATIONAL SELECT 464288448 725 28,852 SH   OTR 1, 2, 3, 4, 5 28,852 0 0
iShares ISHARES 20+ YEAR TREASURY BO 464287432 487 2,970 SH   OTR 1, 2, 3, 4, 5 2,970 0 0
JPMorgan JPMORGAN CHASE & CO ALERIAN ML ETF 46625H365 448 33,934 SH   OTR 1, 2, 3, 4, 5 33,934 0 0
Vanguard VANGUARD HIGH DVD YIELD ETF 921946406 388 4,920 SH   OTR 1, 2, 3, 4, 5 4,920 0 0
SPDR SPDR BARCLAYS CONV SEC ETF 78464A359 323 5,333 SH   OTR 1, 2, 3, 4, 5 5,333 0 0
Vanguard VANGUARD REIT VIPER 922908553 320 4,074 SH   OTR 1, 2, 3, 4, 5 4,074 0 0
Global X GLOBAL X MLP ETF 37950E473 150 5,493 SH   OTR 1, 2, 3, 4, 5 5,493 0 0
iShares ISHARES 1-3 YR TRS BD ETF 464287457 120 1,381 SH   OTR 1, 2, 3, 4, 5 1,381 0 0
iShares ISHARES CONVERTIBLE BOND ETF 46435G102 106 1,496 SH   OTR 1, 2, 3, 4, 5 1,496 0 0
iShares ISHAES EDGE MSCI MULTIFACTOR USA ETF 46434V282 6 194 SH   OTR 1, 2, 3, 4, 5 194 0 0
PROSHARES PROSHARES LARGE CAP CORE PLUS ETF 74347R248 6 84 SH   OTR 1, 2, 3, 4, 5 84 0 0
JP Morgan JPMORGAN DIVERSIFIED RETURN U.S. EQUITY ETF 46641Q407 6 84 SH   OTR 1, 2, 3, 4, 5 84 0 0
iShares ISHARES MSCI USA MINIMUM VOL 46429B697 4 70 SH   OTR 1, 2, 3, 4, 5 70 0 0
iShares ISHARES MSCI USA MOMENTUM 46432F396 4 30 SH   OTR 1, 2, 3, 4, 5 30 0 0
ProShares PROSHARES S&P500 ARISTOCRATS 74348A467 4 55 SH   OTR 1, 2, 3, 4, 5 55 0 0
PROSHARES PROSHARES UNLTRA 7-10 YR US TREASURY ETF 74347R180 4 48 SH   OTR 1, 2, 3, 4, 5 48 0 0
PROSHARES PROSHARES ULTRA S&P500 ETF 74347R107 4 28 SH   OTR 1, 2, 3, 4, 5 28 0 0
Guggenheim GUGGENHEIM S&P 500 EQUAL WEI 78355W106 3 32 SH   OTR 1, 2, 3, 4, 5 32 0 0
Guggenheim GUGGENHEIM S&P 500 PURE VALU 78355W304 2 45 SH   OTR 1, 2, 3, 4, 5 45 0 0