Clark Capital Management 13F-HR Quarterly holdings report by institutional manager

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:	Oct 31, 2018
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
AGL RES INC	COM	001204106	1,226	25,949	SH		SOLE		0	0	25,949
ALPS ETF TR	ALERIAN MLP	00162Q866	4,609	259,062	SH		SOLE		0	0	259,062
AT&T INC	COM	00206R102	1,125	31,990	SH		SOLE		0	0	31,990
ABBOTT LABS	COM	002824100	499	13,009	SH		SOLE		0	0	13,009
ABBVIE INC	COM	00287Y109	10,031	189,944	SH		SOLE		0	0	189,944
ADVANCED AUTO PARTS INC	COM	00751Y106	255	2,300	SH		SOLE		0	0	2,300
ADVISORSHARES TR	PERITUS HG YLD	00768Y503	3,591	69,434	SH		SOLE		0	0	69,434
AGILENT TECHNOLOGIES INC	COM	00846U101	207	3,622	SH		SOLE		0	0	3,622
AIR PRODUCTS & CHEMICALS	COM	009158106	315	2,818	SH		SOLE		0	0	2,818
ALCOA INC	COM	013817101	157	14,782	SH		SOLE		0	0	14,782
ALLERGAN INC.	COM	018490102	629	5,667	SH		SOLE		0	0	5,667
ALLIANT TECHSYSTEMS INC	COM	018804104	3,331	27,371	SH		SOLE		0	0	27,371
ALTRIA GROUP INC.	COM	02209S103	542	14,116	SH		SOLE		0	0	14,116
AMERICAN EXPRESS COMPANY	COM	025816109	858	9,457	SH		SOLE		0	0	9,457
AMERICAN INTL GROUP INC	COM NEW	026874784	561	10,980	SH		SOLE		0	0	10,980
AMERIPRISE FINL INC	COM	03076C106	6,100	53,017	SH		SOLE		0	0	53,017
AMGEN INC	COM	031162100	1,361	11,933	SH		SOLE		0	0	11,933
AMSURG CORP	COM	03232P405	316	6,875	SH		SOLE		0	0	6,875
ANADARKO PETE CORP	COM	032511107	337	4,248	SH		SOLE		0	0	4,248
ANTARES PHARMA INC	COM	036642106	45	10,000	SH		SOLE		0	0	10,000
APPLE INC	COM	037833100	8,258	14,719	SH		SOLE		0	0	14,719
APPLIED MATERIALS	COM	038222105	305	17,224	SH		SOLE		0	0	17,224
ATWOOD OCEANICS INC	COM	050095108	1,399	26,210	SH		SOLE		0	0	26,210
AUTOLIV INC	COM	052800109	458	4,984	SH		SOLE		0	0	4,984
AUTOMATIC DATA PROCESSING INC	COM	053015103	388	4,800	SH		SOLE		0	0	4,800
BB&T CORP	COM	054937107	1,109	29,703	SH		SOLE		0	0	29,703
B & G FOODS INC	COM	05508R106	3,674	108,339	SH		SOLE		0	0	108,339
BP PLC	SPONSORED ADR	055622104	4,824	99,232	SH		SOLE		0	0	99,232
BANCO DE CHILE	SPONSORED ADR	059520106	236	2,684	SH		SOLE		0	0	2,684
BANK OF AMERICA CORP.	COM	060505104	729	46,850	SH		SOLE		0	0	46,850
BANK OF THE OZARKS INC	COM	063904106	456	8,061	SH		SOLE		0	0	8,061
BANK OF NEW YORK MELLON	COM	064058100	611	17,474	SH		SOLE		0	0	17,474
BARCLAYS BK PLC	IPSP CROIL ETN	06738C786	969	41,925	SH		SOLE		0	0	41,925
BARCLAYS BANK PLC	ETN DJUBSCOTTN38	06739H271	1,084	20,383	SH		SOLE		0	0	20,383
BARCLAYS BANK PLC	ETN DJUBSCOCO 38	06739H313	288	8,058	SH		SOLE		0	0	8,058
BARCLAYS BANK PLC	ETN DJUBSLVSTK37	06739H743	2,036	75,002	SH		SOLE		0	0	75,002
BARCLAYS BK PLC	IPATH S&P MT ETN	06740C519	44,789	2,849,181	SH		SOLE		0	0	2,849,181
BE AEROSPACE INC	COM	073302101	369	4,237	SH		SOLE		0	0	4,237
BECTON DICKINSON CO	COM	075887109	221	2,000	SH		SOLE		0	0	2,000
BED BATH & BEYOND INC	COM	075896100	1,244	15,495	SH		SOLE		0	0	15,495
BERKSHIRE HATHAWAY INC - CL B	CL B NEW	084670702	396	3,336	SH		SOLE		0	0	3,336
BIG 5 SPORTS GOODS CORP	COM	08915P101	245	12,365	SH		SOLE		0	0	12,365
BLACKROCK INC	COM	09247X101	317	1,002	SH		SOLE		0	0	1,002
BOEING COMPANY	COM	097023105	5,801	42,501	SH		SOLE		0	0	42,501
BOSTON SCIENTIFIC CORP	COM	101137107	157	13,082	SH		SOLE		0	0	13,082
BRISTOL MYERS SQUIBB CO.	COM	110122108	873	16,426	SH		SOLE		0	0	16,426
BROCADE COMMUNICATIONS SYS INC	COM NEW	111621306	138	15,594	SH		SOLE		0	0	15,594
BUCKEYE PARTNERS - LP	UNIT LTD PARTN	118230101	268	3,780	SH		SOLE		0	0	3,780
CBS CORP CL B	CL B	124857202	703	11,026	SH		SOLE		0	0	11,026
CIGNA CORP	COM	125509109	2,089	23,885	SH		SOLE		0	0	23,885
CME GROUP INC	COM	12572Q105	9,149	116,612	SH		SOLE		0	0	116,612
CNOOC LTD	SPONSORED ADR	126132109	263	1,399	SH		SOLE		0	0	1,399
CSG SYS INTL INC	COM	126349109	393	13,367	SH		SOLE		0	0	13,367
CSX CORP	COM	126408103	394	13,694	SH		SOLE		0	0	13,694
CTC MEDIA INC COM	COM	12642X106	496	35,664	SH		SOLE		0	0	35,664
CVS CAREMARK	COM	126650100	2,817	39,360	SH		SOLE		0	0	39,360
CABOT MICROELECTRONICS CORP	COM	12709P103	228	4,990	SH		SOLE		0	0	4,990
CAPITAL ONE FINL CORP	COM	14040H105	258	3,373	SH		SOLE		0	0	3,373
CATERPILLAR INC	COM	149123101	333	3,668	SH		SOLE		0	0	3,668
CHEVRON CORP	COM	166764100	7,671	61,409	SH		SOLE		0	0	61,409
CHICAGO BRIDGE & IRON CO NV	COM	167250109	519	6,243	SH		SOLE		0	0	6,243
CHUBB CORP	COM	171232101	210	2,173	SH		SOLE		0	0	2,173
CISCO SYSTEMS INC	COM	17275R102	531	23,656	SH		SOLE		0	0	23,656
CITIGROUP INC	COM NEW	172967424	429	8,227	SH		SOLE		0	0	8,227
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	6,909	259,730	SH		SOLE		0	0	259,730
COCA-COLA COMPANY	COM	191216100	4,743	114,818	SH		SOLE		0	0	114,818
COMCAST CORP CL A	CL A	20030N101	1,518	29,206	SH		SOLE		0	0	29,206
COMPANHIA PARANAESE DE ENERGIA COPEL	SPON ADR PFD	20441B407	437	33,224	SH		SOLE		0	0	33,224
CONAGRA FOODS INC.	COM	205887102	870	25,825	SH		SOLE		0	0	25,825
CONOCOPHILLIPS	COM	20825C104	4,642	65,709	SH		SOLE		0	0	65,709
CORELOGIC INC	COM	21871D103	3,073	86,484	SH		SOLE		0	0	86,484
CORNING	COM	219350105	234	13,159	SH		SOLE		0	0	13,159
CREDIT ACCEPTANCE CORP	COM	225310101	418	3,217	SH		SOLE		0	0	3,217
CULLEN FROST BANKERS	COM	229899109	395	5,309	SH		SOLE		0	0	5,309
DECKERS OUTDOOR CORP	COM	243537107	392	4,647	SH		SOLE		0	0	4,647
DELUXE CORP	COM	248019101	453	8,683	SH		SOLE		0	0	8,683
DEVON ENERGY CORP	COM	25179M103	280	4,521	SH		SOLE		0	0	4,521
DISNEY WALT CO	COM DISNEY	254687106	6,139	80,353	SH		SOLE		0	0	80,353
DISCOVER FINL SVCS INC	COM	254709108	2,342	41,859	SH		SOLE		0	0	41,859
DOLLAR TREE INC	COM	256746108	1,010	17,900	SH		SOLE		0	0	17,900
DOMINION RES INC	COM	25746U109	353	5,462	SH		SOLE		0	0	5,462
DOW CHEM CO	COM	260543103	214	4,810	SH		SOLE		0	0	4,810
DU PONT (E.I.) DE NEMOURS & CO.	COM	263534109	749	11,532	SH		SOLE		0	0	11,532
DUKE ENERGY CORP	COM NEW	26441C204	291	4,213	SH		SOLE		0	0	4,213
EMC CORP	COM	268648102	949	37,731	SH		SOLE		0	0	37,731
EBAY INC COM	COM	278642103	320	5,826	SH		SOLE		0	0	5,826
EMERSON ELECTRIC CO	COM	291011104	5,227	74,480	SH		SOLE		0	0	74,480
ENCORE CAP GROUP INC	COM	292554102	444	8,837	SH		SOLE		0	0	8,837
EXPRESS SCRIPTS HLDG CO	COM	30219G108	735	10,459	SH		SOLE		0	0	10,459
EXXON MOBIL CORP	COM	30231G102	7,339	72,521	SH		SOLE		0	0	72,521
FBL Financial Group	CL A	30239F106	214	4,783	SH		SOLE		0	0	4,783
FIDELITY NATL INFORMATION SVCS INC	COM	31620M106	386	7,200	SH		SOLE		0	0	7,200
FINISH LINE INC CL A	CL A	317923100	337	11,970	SH		SOLE		0	0	11,970
First NBC Bank Holding co.	COM	32115D106	242	7,492	SH		SOLE		0	0	7,492
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	7,954	132,878	SH		SOLE		0	0	132,878
FOOT LOCKER INC	COM	344849104	337	8,140	SH		SOLE		0	0	8,140
FORD MOTOR CO	COM PAR $0.01	345370860	311	20,166	SH		SOLE		0	0	20,166
FRANKLIN RESOURCES INC	COM	354613101	1,957	33,904	SH		SOLE		0	0	33,904
G III APPAREL GROUP LTD	COM	36237H101	361	4,878	SH		SOLE		0	0	4,878
GANNETT INC	COM	364730101	4,922	166,403	SH		SOLE		0	0	166,403
GAP INC	COM	364760108	227	5,805	SH		SOLE		0	0	5,805
GENERAL DYNAMICS CORP	COM	369550108	253	2,650	SH		SOLE		0	0	2,650
GENERAL ELECTRIC CO	COM	369604103	9,325	332,695	SH		SOLE		0	0	332,695
GENERAL MTRS CO	COM	37045V100	254	6,225	SH		SOLE		0	0	6,225
GENUINE PARTS CO	COM	372460105	283	3,399	SH		SOLE		0	0	3,399
GERDAU SA	SPON ADR REP PFD	373737105	431	54,977	SH		SOLE		0	0	54,977
GILEAD SCIENCES INC	COM	375558103	704	9,377	SH		SOLE		0	0	9,377
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	286	5,358	SH		SOLE		0	0	5,358
GLOBAL PMTS INC	COM	37940X102	346	5,320	SH		SOLE		0	0	5,320
GOLDMAN SACHS GROUP INC	COM	38141G104	1,406	7,933	SH		SOLE		0	0	7,933
GOOGLE INC CL A	CL A	38259P508	540	482	SH		SOLE		0	0	482
GRAND CANYON ED INC	COM	38526M106	688	15,781	SH		SOLE		0	0	15,781
HCI GROUP	COM	40416E103	266	4,972	SH		SOLE		0	0	4,972
HAEMONETICS CORP	COM	405024100	307	7,281	SH		SOLE		0	0	7,281
HALLIBURTON CO	COM	406216101	1,405	27,677	SH		SOLE		0	0	27,677
HANGER INC	COM NEW	41043F208	323	8,214	SH		SOLE		0	0	8,214
HELMERICH & PAYNE INC	COM	423452101	2,285	27,178	SH		SOLE		0	0	27,178
HESS CORP	COM	42809H107	252	3,036	SH		SOLE		0	0	3,036
HOME DEPOT INC	COM	437076102	5,846	71,000	SH		SOLE		0	0	71,000
HONEYWELL INT'L INC	COM	438516106	433	4,739	SH		SOLE		0	0	4,739
ICONIX BRAND GROUP INC	COM	451055107	493	12,409	SH		SOLE		0	0	12,409
IDACORP INC COM	COM	451107106	399	7,696	SH		SOLE		0	0	7,696
INTEL CORP	COM	458140100	5,917	227,976	SH		SOLE		0	0	227,976
INTL BUSINESS MACHINES CORP	COM	459200101	5,812	30,985	SH		SOLE		0	0	30,985
ISHARES	MSCI AUST ETF	464286103	1,302	53,426	SH		SOLE		0	0	53,426
ISHARES	AUSTRIA CAPD ETF	464286202	227	11,467	SH		SOLE		0	0	11,467
ISHARES	EM MK MINVOL ETF	464286533	437	7,506	SH		SOLE		0	0	7,506
ISHARES	EMU ETF	464286608	22,860	552,445	SH		SOLE		0	0	552,445
ISHARES	MSCI SPAN CP ETF	464286764	11,557	299,646	SH		SOLE		0	0	299,646
ISHARES	MSCI GERMANY ETF	464286806	18,782	591,367	SH		SOLE		0	0	591,367
ISHARES	MSCI NETHERL ETF	464286814	9,256	356,977	SH		SOLE		0	0	356,977
ISHARES	MSCI ITALCPD ETF	464286855	11,231	720,427	SH		SOLE		0	0	720,427
ISHARES	S&P 100 ETF	464287101	13,601	165,155	SH		SOLE		0	0	165,155
ISHARES	TIPS BD ETF	464287176	261	2,374	SH		SOLE		0	0	2,374
ISHARES	TRANS AVG ETF	464287192	6,003	45,515	SH		SOLE		0	0	45,515
ISHARES	CORE TOTUSBD ETF	464287226	277	2,601	SH		SOLE		0	0	2,601
ISHARES	S&P 500 GRWT ETF	464287309	34,206	346,393	SH		SOLE		0	0	346,393
ISHARES	7-10 Y TR BD ETF	464287440	219	2,210	SH		SOLE		0	0	2,210
ISHARES	RUS MDCP VAL ETF	464287473	536	8,156	SH		SOLE		0	0	8,156
ISHARES	RUS MD CP GR ETF	464287481	30,541	362,033	SH		SOLE		0	0	362,033
ISHARES	NASDQ BIOTEC ETF	464287556	6,958	30,644	SH		SOLE		0	0	30,644
ISHARES	RUS 2 000 GRW ETF	464287648	58,190	429,418	SH		SOLE		0	0	429,418
ISHARES	RUSSELL 2000 ETF	464287655	37,378	324,009	SH		SOLE		0	0	324,009
ISHARES	U.S. BAS MTL ETF	464287838	4,389	53,896	SH		SOLE		0	0	53,896
ISHARES	EUROPE ETF	464287861	22,052	464,752	SH		SOLE		0	0	464,752
ISHARES	MSCI ACWI US ETF	464288240	2,917	62,497	SH		SOLE		0	0	62,497
ISHARES	JP MOR EM MK ETF	464288281	3,141	29,040	SH		SOLE		0	0	29,040
ISHARES	NAT AMT FREE BD	464288414	2,080	20,046	SH		SOLE		0	0	20,046
ISHARES	INTL SEL DIV ETF	464288448	977	25,759	SH		SOLE		0	0	25,759
ISHARES	IBOXX HI YD ETF	464288513	67,027	721,648	SH		SOLE		0	0	721,648
ISHARES	U.S. AER&DEF ETF	464288760	457	4,328	SH		SOLE		0	0	4,328
ISHARES	U.S. BR-DEAL ETF	464288794	12,118	313,606	SH		SOLE		0	0	313,606
ISHARES	U.S. MED DVC ETF	464288810	4,518	48,676	SH		SOLE		0	0	48,676
ISHARES	U.S. PHARMA ETF	464288836	4,844	41,014	SH		SOLE		0	0	41,014
ISHARES	MICRO-CAP ETF	464288869	308	4,106	SH		SOLE		0	0	4,106
ISHARES	MSCI INDONIA ETF	46429B309	468	20,501	SH		SOLE		0	0	20,501
ISHARES	MSCI POL CAP ETF	46429B606	12,581	423,876	SH		SOLE		0	0	423,876
ISHARES	HIGH DIVIDND ETF	46429B663	207	2,948	SH		SOLE		0	0	2,948
ISHARES INC	CORE MSCI EMKT	46434G103	5,570	111,822	SH		SOLE		0	0	111,822
ITC HLDGS CORP	COM	465685105	349	3,640	SH		SOLE		0	0	3,640
JP MORGAN CHASE & CO.	COM	46625H100	10,032	171,551	SH		SOLE		0	0	171,551
JANUS CAP GROUP INC	COM	47102X105	199	16,111	SH		SOLE		0	0	16,111
JOHNSON & JOHNSON	COM	478160104	4,321	47,175	SH		SOLE		0	0	47,175
JOHNSON CONTROLS INC	COM	478366107	7,199	140,330	SH		SOLE		0	0	140,330
KLA TENCOR CORP	COM	482480100	3,701	57,414	SH		SOLE		0	0	57,414
KIMBERLY CLARK CORP	COM	494368103	717	6,867	SH		SOLE		0	0	6,867
KINDER MORGAN ENERGY PARTNERS L.P.	UT LTD PARTNER	494550106	359	4,448	SH		SOLE		0	0	4,448
KINDER MORGAN INC	COM	49456B101	382	10,618	SH		SOLE		0	0	10,618
KONINKLIJKE PHILIPS ELECTRONICS NV	NY REG SH NEW	500472303	297	8,039	SH		SOLE		0	0	8,039
KORN/FERRY INTL	COM NEW	500643200	711	27,204	SH		SOLE		0	0	27,204
KRAFT FOODS GROUP INC	COM	50076Q106	263	4,880	SH		SOLE		0	0	4,880
L 3 COMMUNICATIONS HLDGS INC	COM	502424104	211	1,971	SH		SOLE		0	0	1,971
LANDSTAR SYSTEMS INC	COM	515098101	638	11,100	SH		SOLE		0	0	11,100
LAS VEGAS SANDS CORP	COM	517834107	6,422	81,423	SH		SOLE		0	0	81,423
LINCOLN NATL CORP	COM	534187109	2,698	52,271	SH		SOLE		0	0	52,271
LOCKHEED MARTIN CORP	COM	539830109	6,920	46,552	SH		SOLE		0	0	46,552
LOWES COS INC	COM	548661107	793	15,995	SH		SOLE		0	0	15,995
MACYS INC	COM	55616P104	361	6,765	SH		SOLE		0	0	6,765
MAGNA INT'L INC.	COM	559222401	441	5,370	SH		SOLE		0	0	5,370
MASCO CORP COM	COM	574599106	424	18,635	SH		SOLE		0	0	18,635
MASTERCARD INC CL A	CL A	57636Q104	978	1,171	SH		SOLE		0	0	1,171
MATTEL INC	COM	577081102	4,289	90,137	SH		SOLE		0	0	90,137
MCCORMICK & CO INC NON-VOTING SHRS	COM NON VTG	579780206	292	4,244	SH		SOLE		0	0	4,244
MCDONALD'S CORP	COM	580135101	316	3,257	SH		SOLE		0	0	3,257
MCKESSON HBOC INC	COM	58155Q103	225	1,397	SH		SOLE		0	0	1,397
MEDNAX INC	COM	58502B106	1,833	34,344	SH		SOLE		0	0	34,344
MENTOR GRAPHICS CORP	COM	587200106	536	22,274	SH		SOLE		0	0	22,274
MERCK & CO INC	COM	58933Y105	6,507	130,016	SH		SOLE		0	0	130,016
METHANEX CORP	COM	59151K108	426	7,191	SH		SOLE		0	0	7,191
METLIFE INC	COM	59156R108	308	5,715	SH		SOLE		0	0	5,715
MICROSOFT CORP	COM	594918104	7,337	196,114	SH		SOLE		0	0	196,114
MIDDLEBY CORP	COM	596278101	476	1,987	SH		SOLE		0	0	1,987
MITSUBISHI UFJ FINL GROUP INC	SPONSORED ADR	606822104	420	62,868	SH		SOLE		0	0	62,868
MONDELEZ INTL INC CL A	CL A	609207105	311	8,799	SH		SOLE		0	0	8,799
MOODY'S CORP	COM	615369105	206	2,620	SH		SOLE		0	0	2,620
MOTOROLA SOLUTIONS INC	COM NEW	620076307	367	5,441	SH		SOLE		0	0	5,441
NATIONAL PENN BANCSHARES INC	COM	637138108	244	21,528	SH		SOLE		0	0	21,528
NETEASE.COM INC	SPONSORED ADR	64110W102	507	6,455	SH		SOLE		0	0	6,455
NEUSTAR INC CL A	CL A	64126X201	2,375	47,637	SH		SOLE		0	0	47,637
NEWPARK RESOURCES INC	COM PAR $.01NEW	651718504	213	17,308	SH		SOLE		0	0	17,308
NEWS CORP NEW CL A	CL A	65249B109	367	20,390	SH		SOLE		0	0	20,390
NEXTERA ENERGY INC	COM	65339F101	5,359	62,595	SH		SOLE		0	0	62,595
NORFOLK SOUTHERN CORP	COM	655844108	6,067	65,356	SH		SOLE		0	0	65,356
NOVO NORDISK A.S.	ADR	670100205	350	1,893	SH		SOLE		0	0	1,893
OGE ENERGY CORP	COM	670837103	254	7,500	SH		SOLE		0	0	7,500
OCCIDENTAL PETROLEUM CORP.	COM	674599105	920	9,678	SH		SOLE		0	0	9,678
OLD DOMINION FREIGHT LINES INC	COM	679580100	1,412	26,623	SH		SOLE		0	0	26,623
ONEOK INC	COM	682680103	360	5,797	SH		SOLE		0	0	5,797
PNC FINL SVCS GROUP INC	COM	693475105	5,766	74,329	SH		SOLE		0	0	74,329
PPG INDUSTRIES INC	COM	693506107	4,504	23,750	SH		SOLE		0	0	23,750
PACKAGING CORP AMER	COM	695156109	267	4,216	SH		SOLE		0	0	4,216
PEOPLES UTD FINL INC	COM	712704105	184	12,198	SH		SOLE		0	0	12,198
PEPSICO INC	COM	713448108	526	6,342	SH		SOLE		0	0	6,342
PETSMART INC	COM	716768106	269	3,703	SH		SOLE		0	0	3,703
PFIZER INC	COM	717081103	8,313	271,388	SH		SOLE		0	0	271,388
PHILIP MORRIS INTL INC	COM	718172109	5,786	66,412	SH		SOLE		0	0	66,412
PHILLIPS 66	COM	718546104	841	10,900	SH		SOLE		0	0	10,900
POLARIS INDUSTRIES, INC.	COM	731068102	1,776	12,192	SH		SOLE		0	0	12,192
PORTFOLIO RECOVERY ASSOC INC	COM	73640Q105	2,203	41,691	SH		SOLE		0	0	41,691
POWERSHARES QQQ	UNIT SER 1	73935A104	31,138	353,997	SH		SOLE		0	0	353,997
POWERSHARES DYNAMIC LEISURE & ENTERTAIN	DYN LSR & ENT	73935X757	264	7,752	SH		SOLE		0	0	7,752
POWERSHARES DYNAMIC MEDIA	DYN MEDIA PORT	73935X823	8,707	326,973	SH		SOLE		0	0	326,973
PRAXAIR INC	COM	74005P104	237	1,824	SH		SOLE		0	0	1,824
PRIMERICA INC	COM	74164M108	1,386	32,303	SH		SOLE		0	0	32,303
PROCTER & GAMBLE CO	COM	742718109	2,109	25,912	SH		SOLE		0	0	25,912
PROSHARES ULTRASHORT 20+ YEAR TREASURY	PSHS ULTSH 2 0YRS	74347B201	1,533	19,350	SH		SOLE		0	0	19,350
PUBLIC SVC ENTERPRISES GROUP	COM	744573106	627	19,570	SH		SOLE		0	0	19,570
QUALCOMM INC	COM	747525103	8,048	108,386	SH		SOLE		0	0	108,386
RESMED INC	COM	761152107	257	5,460	SH		SOLE		0	0	5,460
ROYAL BK CDA MONTREAL	COM	780087102	455	6,772	SH		SOLE		0	0	6,772
SK TELECOM LTD	SPONSORED ADR	78440P108	486	19,742	SH		SOLE		0	0	19,742
SPDR S&P 500 ETF	TR UNIT	78462F103	81,154	439,407	SH		SOLE		0	0	439,407
SPDR INDEX SHS FDS	EURO STOXX 5 0	78463X202	955	22,620	SH		SOLE		0	0	22,620
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	9,507	121,989	SH		SOLE		0	0	121,989
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	1,454	40,796	SH		SOLE		0	0	40,796
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	540	16,097	SH		SOLE		0	0	16,097
SPDR SERIES TRUST	NUV HGHYLD MUN	78464A284	908	17,779	SH		SOLE		0	0	17,779
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	2,075	44,395	SH		SOLE		0	0	44,395
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	68,096	1,678,884	SH		SOLE		0	0	1,678,884
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	4,013	130,751	SH		SOLE		0	0	130,751
SPDR SERIES TRUST	S&P REGL BKG	78464A698	6,438	158,525	SH		SOLE		0	0	158,525
SPDR SERIES TRUST	S&P RETAIL ETF	78464A714	5,743	65,186	SH		SOLE		0	0	65,186
SPDR SERIES TRUST	S&P METALS MNG	78464A755	828	19,685	SH		SOLE		0	0	19,685
SPDR SERIES TRUST	S&P INS ETF	78464A789	7,966	126,263	SH		SOLE		0	0	126,263
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	339	7,670	SH		SOLE		0	0	7,670
SPDR DOW JONES INDUSTRIAL AVERAGE	UT SER 1	78467X109	5,506	33,274	SH		SOLE		0	0	33,274
SPDR S&P MIDCAP 400	UTSER1 S&PDCRP	78467Y107	9,501	38,908	SH		SOLE		0	0	38,908
SPDR SER TR	SHT TRM HGH YLD	78468R408	296	9,601	SH		SOLE		0	0	9,601
SASOL LTD	SPONSORED ADR	803866300	418	8,450	SH		SOLE		0	0	8,450
SCHLUMBERGER LTD	COM	806857108	1,142	12,676	SH		SOLE		0	0	12,676
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	8,505	127,257	SH		SOLE		0	0	127,257
ENERGY SELECT SECTOR SPDR	SBI INT-ENERGY	81369Y506	803	9,075	SH		SOLE		0	0	9,075
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	9,152	175,116	SH		SOLE		0	0	175,116
SHIRE PLC	SPONSORED ADR	82481R106	499	3,531	SH		SOLE		0	0	3,531
SIEMENS AG	SPONSORED ADR	826197501	280	2,024	SH		SOLE		0	0	2,024
SNAP-ON INC.	COM	833034101	1,400	12,779	SH		SOLE		0	0	12,779
SOUTHERN COPPER	COM	84265V105	208	7,253	SH		SOLE		0	0	7,253
SPARTAN STORES INC	COM	846822104	234	9,627	SH		SOLE		0	0	9,627
SPIRIT AIRLS INC	COM	848577102	286	6,293	SH		SOLE		0	0	6,293
SPIRIT RLTY CAP INC	COM	84860W102	116	11,802	SH		SOLE		0	0	11,802
STANLEY BLACK & DECKER INC	COM	854502101	226	2,796	SH		SOLE		0	0	2,796
STATE STREET CORP	COM	857477103	1,294	17,632	SH		SOLE		0	0	17,632
SUNCOR ENERGY INC	COM	867224107	296	8,455	SH		SOLE		0	0	8,455
SYMETRA FINL CORP COM	COM	87151Q106	331	17,479	SH		SOLE		0	0	17,479
SYNAPTICS INC	COM	87157D109	2,275	43,913	SH		SOLE		0	0	43,913
SYNTEL INC	COM	87162H103	2,114	23,245	SH		SOLE		0	0	23,245
SYSCO CORP	COM	871829107	274	7,590	SH		SOLE		0	0	7,590
TJX COMPANIES INC	COM	872540109	723	11,341	SH		SOLE		0	0	11,341
TRW AUTOMOTIVE HLDGS CORP	COM	87264S106	1,956	26,297	SH		SOLE		0	0	26,297
TELECOM ARGENTINA SA	SPON ADR REP B	879273209	379	22,002	SH		SOLE		0	0	22,002
TESCO CORP	COM	88157K101	323	16,329	SH		SOLE		0	0	16,329
TEXAS CAP BANCSHARES INC	COM	88224Q107	460	7,393	SH		SOLE		0	0	7,393
THERMO FISHER SCIENTIFIC	COM	883556102	584	5,247	SH		SOLE		0	0	5,247
THOR INDS INC	COM	885160101	1,773	32,100	SH		SOLE		0	0	32,100
3M CO.	COM	88579Y101	7,625	54,370	SH		SOLE		0	0	54,370
TIME WARNER INC	COM NEW	887317303	1,566	22,462	SH		SOLE		0	0	22,462
TIME WARNER CABLE INC	COM	88732J207	3,468	25,591	SH		SOLE		0	0	25,591
TORCHMARK CORP	COM	891027104	2,104	26,926	SH		SOLE		0	0	26,926
TORONTO DOMINION BK	COM NEW	891160509	457	4,852	SH		SOLE		0	0	4,852
TOWERS WATSON & CO CL A	CL A	891894107	1,978	15,502	SH		SOLE		0	0	15,502
TOYOTA MTR CO	SP ADR REP2COM	892331307	395	3,241	SH		SOLE		0	0	3,241
TRAVELERS COS INC	COM	89417E109	4,390	48,490	SH		SOLE		0	0	48,490
TUPPERWARE CORP	COM	899896104	256	2,703	SH		SOLE		0	0	2,703
TURKCELL ILETISIM HIZMETLERI AS	SPON ADR NEW	900111204	374	28,025	SH		SOLE		0	0	28,025
US BANCORP	COM NEW	902973304	345	8,528	SH		SOLE		0	0	8,528
UNS ENERGY CORP	COM	903119105	519	8,669	SH		SOLE		0	0	8,669
USANA HEALTH SCIENCES INC	COM	90328M107	415	5,491	SH		SOLE		0	0	5,491
UNIFIRST CORP	COM	904708104	396	3,705	SH		SOLE		0	0	3,705
UNION PACIFIC CORP	COM	907818108	842	5,009	SH		SOLE		0	0	5,009
UNITED PARCEL SVC INC CL B	CL B	911312106	8,059	76,698	SH		SOLE		0	0	76,698
UNITED TECHNOLOGIES CORP	COM	913017109	1,089	9,566	SH		SOLE		0	0	9,566
UNITEDHEALTH GROUP INC	COM	91324P102	322	4,276	SH		SOLE		0	0	4,276
US ECOLOGY INC	COM	91732J102	312	8,408	SH		SOLE		0	0	8,408
VF CORP	COM	918204108	478	7,663	SH		SOLE		0	0	7,663
VALE SA	ADR	91912E105	248	16,245	SH		SOLE		0	0	16,245
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	336	4,200	SH		SOLE		0	0	4,200
VANGUARD TOTAL INTERNATIONAL BOND ETF	INTL BD IDX ETF	92203J407	5,576	112,369	SH		SOLE		0	0	112,369
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	5,117	124,389	SH		SOLE		0	0	124,389
VANGUARD REIT	REIT ETF	922908553	317	4,913	SH		SOLE		0	0	4,913
VERIZON COMMUNICATIONS	COM	92343V104	6,307	128,344	SH		SOLE		0	0	128,344
WAL MART STORES INC	COM	931142103	255	3,243	SH		SOLE		0	0	3,243
WELLPOINT INC	COM	94973V107	5,451	58,997	SH		SOLE		0	0	58,997
WELLS FARGO & CO	COM	949746101	11,848	260,973	SH		SOLE		0	0	260,973
WESTLAKE CHEM CORP	COM	960413102	1,888	15,465	SH		SOLE		0	0	15,465
WHIRLPOOL CORP	COM	963320106	334	2,127	SH		SOLE		0	0	2,127
WHITING PETROLEUM CORP	COM	966387102	310	5,014	SH		SOLE		0	0	5,014
WILLIAMS COS INC	COM	969457100	4,150	107,599	SH		SOLE		0	0	107,599
WISCONSIN ENERGY CORP	COM	976657106	642	15,537	SH		SOLE		0	0	15,537
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	13,844	185,543	SH		SOLE		0	0	185,543
WISDOMTREE TR	SMALLCAP DIVID	97717W604	8,548	126,095	SH		SOLE		0	0	126,095
WYNDHAM WORLDWIDE CORP	COM	98310W108	420	5,700	SH		SOLE		0	0	5,700
XEROX CORP	COM	984121103	167	13,751	SH		SOLE		0	0	13,751
ZIMMER HOLDINGS	COM	98956P102	249	2,670	SH		SOLE		0	0	2,670
ACCENTURE PLC	SHS CLASS A	G1151C101	6,889	83,793	SH		SOLE		0	0	83,793
COVIDIEN PLC	SHS	G2554F113	342	5,016	SH		SOLE		0	0	5,016
DELPHI AUTOMOTIVE PLC	SHS	G27823106	453	7,527	SH		SOLE		0	0	7,527
EATON CORP PLC	SHS	G29183103	7,309	96,026	SH		SOLE		0	0	96,026
FABRINET SHS	SHS	G3323L100	477	23,188	SH		SOLE		0	0	23,188
INVESCO LTD	SHS	G491BT108	671	18,439	SH		SOLE		0	0	18,439
MALLINCKRODT PUB LTD CO	SHS	G5785G107	448	8,563	SH		SOLE		0	0	8,563
NOBLE CORP PLC SHS USD ISIN#GB00BFG3KF26	SHS USD	G65431101	233	6,208	SH		SOLE		0	0	6,208
PARTNERRE	COM	G6852T105	469	4,446	SH		SOLE		0	0	4,446
SEADRILL LTD	SHS	G7945E105	444	10,804	SH		SOLE		0	0	10,804
SIGNET JEWELERS LTD	SHS	G81276100	496	6,307	SH		SOLE		0	0	6,307
XL GROUP PLC	SHS	G98290102	423	13,274	SH		SOLE		0	0	13,274
ACE LTD	SHS	H0023R105	896	8,654	SH		SOLE		0	0	8,654
ALLIED WORLD ASSURANCE CO HLDGS AG	SHS	H01531104	457	4,049	SH		SOLE		0	0	4,049
TE CONNECTIVITY LTD	REG SHS	H84989104	491	8,901	SH		SOLE		0	0	8,901
LYONDELLBASELL INDUSTRIES NV	SHS - A -	N53745100	5,587	69,588	SH		SOLE		0	0	69,588
COPA HOLDING SA CL A	CL A	P31076105	491	3,068	SH		SOLE		0	0	3,068
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	551	10,426	SH		SOLE		0	0	10,426