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
Expires: July 31, 2015
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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
ALPS ETF TR ALERIAN MLP 00162Q452 4,344,248 88,912 SH SOLE 88,912 0 0
DOUBLELINE ETF TRUST OPPORTUNISTIC CO 25861R105 1,359,276 29,396 SH SOLE 29,396 0 0
FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 6,157,099 83,159 SH SOLE 83,159 0 0
FIDELITY MERRIMACK STR TR LTD TRM BD ETF 316188200 2,521,386 50,027 SH SOLE 50,027 0 0
FRANKLIN TEMPLETON ETF TR US MID CP MLTFCT 35473P884 5,936,031 109,299 SH SOLE 109,299 0 0
GLOBAL X FDS GBL X FTSE ETF 37950E648 975,354 59,801 SH SOLE 59,801 0 0
INVESCO ACTIVELY MANAGED EXC VAR RATE INVT 46090A879 3,613,488 144,251 SH SOLE 144,251 0 0
INVESCO EXCHANGE TRADED FD T S&P500 QUALITY 46137V241 1,209,781 16,977 SH SOLE 16,977 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 3,034,876 16,699 SH SOLE 16,699 0 0
ISHARES INC JP MRG EM CRP BD 464286251 1,209,613 26,620 SH SOLE 26,620 0 0
ISHARES TR SHORT TREAS BD 464288679 637,234 5,771 SH SOLE 5,771 0 0
ISHARES TR NORTH AMERN NAT 464287374 569,232 12,864 SH SOLE 12,864 0 0
ISHARES TR MSCI INDIA SM CP 46429B614 1,225,387 15,877 SH SOLE 15,877 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,352,189 24,285 SH SOLE 24,285 0 0
ISHARES TR MSCI EURO FL ETF 464289180 1,166,451 36,878 SH SOLE 36,878 0 0
ISHARES TR MBS ETF 464288588 1,150,716 12,256 SH SOLE 12,256 0 0
ISHARES TR LATN AMER 40 ETF 464287390 1,614,221 61,588 SH SOLE 61,588 0 0
ISHARES TR INTRM GOV CR ETF 464288612 699,779 6,553 SH SOLE 6,553 0 0
ISHARES TR GLB INFRASTR ETF 464288372 1,184,118 20,002 SH SOLE 20,002 0 0
ISHARES TR CORE US AGGBD ET 464287226 2,564,450 25,851 SH SOLE 25,851 0 0
ISHARES TR 7-10 YR TRSY BD 464287440 562,936 5,878 SH SOLE 5,878 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 3,664,637 30,772 SH SOLE 30,772 0 0
ISHARES TR 0-5 YR TIPS ETF 46429B747 3,585,333 34,839 SH SOLE 34,839 0 0
LEGG MASON ETF INVT FRANKLIN INTL LW 52468L505 3,676,295 112,943 SH SOLE 112,943 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 1,548,160 58,027 SH SOLE 58,027 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,559,867 25,905 SH SOLE 25,905 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 6,153,021 75,349 SH SOLE 75,349 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 6,008,039 74,201 SH SOLE 74,201 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 6,046,391 27,821 SH SOLE 27,821 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 6,016,500 145,256 SH SOLE 145,256 0 0
SELECT SECTOR SPDR TR INDL 81369Y704 6,230,945 42,238 SH SOLE 42,238 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 6,461,563 59,537 SH SOLE 59,537 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 595,040 4,384 SH SOLE 4,384 0 0
SPDR SERIES TRUST PORTFOLIO AGRGTE 78464A649 14,793,754 577,881 SH SOLE 577,881 0 0
SPDR SERIES TRUST BLOOMBERG SHORT 78464A334 3,612,918 128,711 SH SOLE 128,711 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 5,411,353 19,338 SH SOLE 19,338 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 523,787 4,076 SH SOLE 4,076 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 4,165,211 61,964 SH SOLE 61,964 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,231,462 15,490 SH SOLE 15,490 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 2,561,473 33,748 SH SOLE 33,748 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 8,112,181 142,294 SH SOLE 142,294 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578 4,128,265 119,729 SH SOLE 119,729 0 0
WISDOMTREE TR CHINADIV EX FI 97717X719 1,983,599 57,646 SH SOLE 57,646 0 0