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
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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	1,199	24,496	SH		SOLE		0	0	24,496
ALPS ETF TR	ALERIAN MLP	00162Q866	3,974	225,037	SH		SOLE		0	0	225,037
AT&T INC	COM	00206R102	851	24,253	SH		SOLE		0	0	24,253
ABBOTT LABS	COM	002824100	503	13,070	SH		SOLE		0	0	13,070
ABBVIE INC	COM	00287Y109	7,076	137,667	SH		SOLE		0	0	137,667
AGILENT TECHNOLOGIES INC	COM	00846U101	217	3,879	SH		SOLE		0	0	3,879
AIR PRODUCTS & CHEMICALS	COM	009158106	233	1,959	SH		SOLE		0	0	1,959
ALASKA AIR GROUP	COM	011659109	1,526	16,355	SH		SOLE		0	0	16,355
ALCOA INC	COM	013817101	188	14,619	SH		SOLE		0	0	14,619
ALLERGAN INC.	COM	018490102	716	5,767	SH		SOLE		0	0	5,767
ALLIANT TECHSYSTEMS INC	COM	018804104	2,687	18,904	SH		SOLE		0	0	18,904
ALTRIA GROUP INC.	COM	02209S103	496	13,258	SH		SOLE		0	0	13,258
AMERICAN EXPRESS COMPANY	COM	025816109	759	8,430	SH		SOLE		0	0	8,430
AMERICAN FINL GROUP INC	COM	025932104	1,320	22,870	SH		SOLE		0	0	22,870
AMERISOURCE BERGEN CORP	COM	03073E105	1,149	17,517	SH		SOLE		0	0	17,517
AMERIPRISE FINL INC	COM	03076C106	5,941	53,979	SH		SOLE		0	0	53,979
AMGEN INC	COM	031162100	6,889	55,853	SH		SOLE		0	0	55,853
AMSURG CORP	COM	03232P405	315	6,696	SH		SOLE		0	0	6,696
ANADARKO PETE CORP	COM	032511107	552	6,518	SH		SOLE		0	0	6,518
ANNALY MTG MGMT INC	COM	035710409	2,521	229,801	SH		SOLE		0	0	229,801
ANTARES PHARMA INC	COM	036642106	35	10,000	SH		SOLE		0	0	10,000
APPLE INC	COM	037833100	6,761	12,596	SH		SOLE		0	0	12,596
APPLIED MATERIALS	COM	038222105	285	13,955	SH		SOLE		0	0	13,955
ATWOOD OCEANICS INC	COM	050095108	977	19,381	SH		SOLE		0	0	19,381
AUTOLIV INC	COM	052800109	494	4,922	SH		SOLE		0	0	4,922
AUTOMATIC DATA PROCESSING INC	COM	053015103	371	4,800	SH		SOLE		0	0	4,800
BB&T CORP	COM	054937107	1,193	29,703	SH		SOLE		0	0	29,703
BP PLC	SPONSORED ADR	055622104	4,870	101,252	SH		SOLE		0	0	101,252
BANK OF AMERICA CORP.	COM	060505104	967	56,217	SH		SOLE		0	0	56,217
BANK OF MONTREAL	COM	063671101	505	7,541	SH		SOLE		0	0	7,541
BANK OF THE OZARKS INC	COM	063904106	502	7,376	SH		SOLE		0	0	7,376
BANK OF NEW YORK MELLON	COM	064058100	556	15,749	SH		SOLE		0	0	15,749
BARCLAYS BK PLC	IPSP CROIL ETN	06738C786	973	40,576	SH		SOLE		0	0	40,576
BARCLAYS BANK PLC	ETN DJUBSCOTTN37	06739H271	1,019	17,512	SH		SOLE		0	0	17,512
BARCLAYS BANK PLC	ETN DJUBSCOCO 37	06739H313	1,111	28,636	SH		SOLE		0	0	28,636
BARCLAYS BANK PLC	ETN DJUBSLVSTK36	06739H743	976	30,688	SH		SOLE		0	0	30,688
BARCLAYS BK PLC	IPATH DYNM VIX	06741L609	6,086	194,370	SH		SOLE		0	0	194,370
BE AEROSPACE INC	COM	073302101	318	3,661	SH		SOLE		0	0	3,661
BERKSHIRE HATHAWAY INC - CL B	CL B NEW	084670702	393	3,148	SH		SOLE		0	0	3,148
BLACKROCK INC	COM	09247X101	293	933	SH		SOLE		0	0	933
BOEING COMPANY	COM	097023105	3,691	29,415	SH		SOLE		0	0	29,415
BRISTOL MYERS SQUIBB CO.	COM	110122108	853	16,426	SH		SOLE		0	0	16,426
BROCADE COMMUNICATIONS SYS INC	COM NEW	111621306	181	17,057	SH		SOLE		0	0	17,057
BUCKEYE PARTNERS - LP	UNIT LTD PARTN	118230101	272	3,630	SH		SOLE		0	0	3,630
CBS CORP CL B	CL B	124857202	473	7,660	SH		SOLE		0	0	7,660
CIGNA CORP	COM	125509109	229	2,739	SH		SOLE		0	0	2,739
CME GROUP INC	COM	12572Q105	3,571	48,239	SH		SOLE		0	0	48,239
CSG SYS INTL INC	COM	126349109	330	12,673	SH		SOLE		0	0	12,673
CSX CORP	COM	126408103	273	9,436	SH		SOLE		0	0	9,436
CVS CAREMARK	COM	126650100	2,672	35,699	SH		SOLE		0	0	35,699
CANADIAN IMPERIAL BK OF COMMERCE	COM	136069101	489	5,676	SH		SOLE		0	0	5,676
CAPITAL ONE FINL CORP	COM	14040H105	258	3,339	SH		SOLE		0	0	3,339
CATERPILLAR INC	COM	149123101	320	3,219	SH		SOLE		0	0	3,219
CELGENE CORP	COM	151020104	1,074	7,691	SH		SOLE		0	0	7,691
CHEVRON CORP	COM	166764100	6,554	55,118	SH		SOLE		0	0	55,118
CHICAGO BRIDGE & IRON CO NV	COM	167250109	513	5,887	SH		SOLE		0	0	5,887
CHINA PETE & CHEM CORP	SPON ADR H SHS	16941R108	481	5,371	SH		SOLE		0	0	5,371
CISCO SYSTEMS INC	COM	17275R102	702	31,329	SH		SOLE		0	0	31,329
CITIGROUP INC	COM NEW	172967424	482	10,122	SH		SOLE		0	0	10,122
CLAYMORE GUGGENHEIM SHIPPING	GUGG SHIPPNG ETF	18383Q796	316	14,468	SH		SOLE		0	0	14,468
COCA-COLA COMPANY	COM	191216100	659	17,045	SH		SOLE		0	0	17,045
COLUMBIA PPTY TR INC	COM NEW	198287203	407	14,949	SH		SOLE		0	0	14,949
COMCAST CORP CL A	CL A	20030N101	1,439	28,749	SH		SOLE		0	0	28,749
COMPUTER PROGRAMS & SYS INC	COM	205306103	281	4,347	SH		SOLE		0	0	4,347
CONAGRA FOODS INC.	COM	205887102	801	25,825	SH		SOLE		0	0	25,825
CONOCOPHILLIPS	COM	20825C104	4,693	66,716	SH		SOLE		0	0	66,716
CORELOGIC INC	COM	21871D103	387	12,875	SH		SOLE		0	0	12,875
CORNING	COM	219350105	247	11,864	SH		SOLE		0	0	11,864
CREDIT ACCEPTANCE CORP	COM	225310101	378	2,661	SH		SOLE		0	0	2,661
CREDIT SUISSE AG NASSAU BRH	EXCHTRADE SHTERM	22539T613	2,748	392,000	SH		SOLE		0	0	392,000
CREDIT SUISSE NASSAU BRH	INVRS VIX STERM	22542D795	7,530	238,220	SH		SOLE		0	0	238,220
CULLEN FROST BANKERS	COM	229899109	385	4,970	SH		SOLE		0	0	4,970
DECKERS OUTDOOR CORP	COM	243537107	498	6,251	SH		SOLE		0	0	6,251
DELUXE CORP	COM	248019101	1,598	30,455	SH		SOLE		0	0	30,455
DEVON ENERGY CORP	COM	25179M103	281	4,192	SH		SOLE		0	0	4,192
DISNEY WALT CO	COM DISNEY	254687106	6,434	80,352	SH		SOLE		0	0	80,352
DISCOVER FINL SVCS INC	COM	254709108	2,763	47,477	SH		SOLE		0	0	47,477
DIRECTV	COM	25490A309	1,134	14,843	SH		SOLE		0	0	14,843
DOMINION RES INC	COM	25746U109	339	4,769	SH		SOLE		0	0	4,769
DU PONT (E.I.) DE NEMOURS & CO.	COM	263534109	672	10,017	SH		SOLE		0	0	10,017
EMC CORP	COM	268648102	979	35,718	SH		SOLE		0	0	35,718
EOG RES INC	COM	26875P101	1,201	6,122	SH		SOLE		0	0	6,122
ENCORE CAP GROUP INC	COM	292554102	437	9,559	SH		SOLE		0	0	9,559
ENTERPRISE PRODS PARTNERS LP	COM	293792107	204	2,940	SH		SOLE		0	0	2,940
EXPRESS SCRIPTS HLDG CO	COM	30219G108	749	9,974	SH		SOLE		0	0	9,974
EXXON MOBIL CORP	COM	30231G102	6,622	67,797	SH		SOLE		0	0	67,797
FBL FINANCIAL GROUP	CL A	30239F106	206	4,763	SH		SOLE		0	0	4,763
FIDELITY NATL INFORMATION SVCS INC	COM	31620M106	363	6,794	SH		SOLE		0	0	6,794
FINISH LINE INC CL A	CL A	317923100	1,481	54,659	SH		SOLE		0	0	54,659
FIRST INTST BANCSYSTEM INC COM CL A	COM CL A	32055Y201	323	11,438	SH		SOLE		0	0	11,438
FIRST NBC BANK HLDG CO	COM	32115D106	217	6,214	SH		SOLE		0	0	6,214
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	7,231	122,479	SH		SOLE		0	0	122,479
FT ISE REVERE NATURAL GAS ETF	COM	33734J102	1,359	65,660	SH		SOLE		0	0	65,660
FOOT LOCKER INC	COM	344849104	382	8,140	SH		SOLE		0	0	8,140
FORD MOTOR CO	COM PAR $0.00	345370860	325	20,846	SH		SOLE		0	0	20,846
FRANKLIN RESOURCES INC	COM	354613101	891	16,444	SH		SOLE		0	0	16,444
G III APPAREL GROUP LTD	COM	36237H101	413	5,772	SH		SOLE		0	0	5,772
GANNETT INC	COM	364730101	4,662	168,903	SH		SOLE		0	0	168,903
GAP INC	COM	364760108	233	5,805	SH		SOLE		0	0	5,805
GENERAL DYNAMICS CORP	COM	369550108	270	2,478	SH		SOLE		0	0	2,478
GENERAL ELECTRIC CO	COM	369604103	6,580	254,171	SH		SOLE		0	0	254,171
GENUINE PARTS CO	COM	372460105	272	3,135	SH		SOLE		0	0	3,135
GERDAU SA	SPON ADR REP PFD	373737105	495	77,293	SH		SOLE		0	0	77,293
GILEAD SCIENCES INC	COM	375558103	636	8,977	SH		SOLE		0	0	8,977
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	286	5,358	SH		SOLE		0	0	5,358
GLOBAL PMTS INC	COM	37940X102	427	6,010	SH		SOLE		0	0	6,010
GOLDMAN SACHS GROUP INC	COM	38141G104	2,059	12,568	SH		SOLE		0	0	12,568
GOOGLE INC CL A	CL A	38259P508	487	437	SH		SOLE		0	0	437
GRAND CANYON ED INC	COM	38526M106	707	15,143	SH		SOLE		0	0	15,143
HAEMONETICS CORP	COM	405024100	229	7,024	SH		SOLE		0	0	7,024
HALLIBURTON CO	COM	406216101	274	4,651	SH		SOLE		0	0	4,651
HELMERICH & PAYNE INC	COM	423452101	2,248	20,900	SH		SOLE		0	0	20,900
HESS CORP	COM	42809H107	205	2,471	SH		SOLE		0	0	2,471
HEWLETT-PACKARD CO	COM	428236103	5,691	175,853	SH		SOLE		0	0	175,853
HOME DEPOT INC	COM	437076102	3,358	42,440	SH		SOLE		0	0	42,440
HONEYWELL INT'L INC	COM	438516106	416	4,480	SH		SOLE		0	0	4,480
ICONIX BRAND GROUP INC	COM	451055107	447	11,393	SH		SOLE		0	0	11,393
IDACORP INC COM	COM	451107106	420	7,574	SH		SOLE		0	0	7,574
INTEL CORP	COM	458140100	6,078	235,459	SH		SOLE		0	0	235,459
INTL BUSINESS MACHINES CORP	COM	459200101	5,456	28,342	SH		SOLE		0	0	28,342
ISHARES	MSCI FRNTR100ETF	464286145	6,702	184,875	SH		SOLE		0	0	184,875
ISHARES	BELGIUM CAPD ETF	464286301	200	11,534	SH		SOLE		0	0	11,534
ISHARES	EM MK MINVOL ETF	464286533	499	8,732	SH		SOLE		0	0	8,732
ISHARES	EMU ETF	464286608	48,915	1,157,199	SH		SOLE		0	0	1,157,199
ISHARES	MSCI FRANCE ETF	464286707	7,775	266,251	SH		SOLE		0	0	266,251
ISHARES	MSCI SZ CAP ETF	464286749	7,350	214,032	SH		SOLE		0	0	214,032
ISHARES	MSCI SWEDEN ETF	464286756	13,380	365,368	SH		SOLE		0	0	365,368
ISHARES	MSCI SPAN CP ETF	464286764	14,730	361,022	SH		SOLE		0	0	361,022
ISHARES	MSCI ITALCPD ETF	464286855	15,096	852,420	SH		SOLE		0	0	852,420
ISHARES	S&P 100 ETF	464287101	3,689	44,544	SH		SOLE		0	0	44,544
ISHARES	TIPS BD ETF	464287176	279	2,493	SH		SOLE		0	0	2,493
ISHARES	CORE TOTUSBD ETF	464287226	291	2,694	SH		SOLE		0	0	2,694
ISHARES	S&P 500 GRWT ETF	464287309	21,973	220,078	SH		SOLE		0	0	220,078
ISHARES	20+ YR TR BD ETF	464287432	2,689	24,650	SH		SOLE		0	0	24,650
ISHARES	7-10 Y TR BD ETF	464287440	366	3,598	SH		SOLE		0	0	3,598
ISHARES	RUS MDCP VAL ETF	464287473	18,214	265,002	SH		SOLE		0	0	265,002
ISHARES	RUS MD CP GR ETF	464287481	23,403	272,763	SH		SOLE		0	0	272,763
ISHARES	RUS MID-CAP ETF	464287499	24,916	160,995	SH		SOLE		0	0	160,995
ISHARES	PHLX SEMICND ETF	464287523	11,460	143,806	SH		SOLE		0	0	143,806
ISHARES	NA TEC MULTM ETF	464287531	304	8,841	SH		SOLE		0	0	8,841
ISHARES	NASDQ BIOTEC ETF	464287556	6,022	25,475	SH		SOLE		0	0	25,475
ISHARES	RUS 2000 GRW ETF	464287648	31,191	229,248	SH		SOLE		0	0	229,248
ISHARES	RUSSELL 2000 ETF	464287655	21,796	187,347	SH		SOLE		0	0	187,347
ISHARES	U.S. TECH ETF	464287721	10,710	117,610	SH		SOLE		0	0	117,610
ISHARES	U.S. BAS MTL ETF	464287838	14,789	177,606	SH		SOLE		0	0	177,606
ISHARES	EUROPE ETF	464287861	23,077	477,980	SH		SOLE		0	0	477,980
ISHARES	MSCI ACWI US ETF	464288240	2,952	63,391	SH		SOLE		0	0	63,391
ISHARES	NAT AMT FREE BD	464288414	204	1,910	SH		SOLE		0	0	1,910
ISHARES	INTL SEL DIV ETF	464288448	982	25,405	SH		SOLE		0	0	25,405
ISHARES	IBOXX HI YD ETF	464288513	69,634	737,723	SH		SOLE		0	0	737,723
ISHARES	U.S. PFD STK ETF	464288687	218	5,589	SH		SOLE		0	0	5,589
ISHARES	U.S. AER&DEF ETF	464288760	4,765	43,653	SH		SOLE		0	0	43,653
ISHARES	U.S. BR-DEAL ETF	464288794	10,046	260,252	SH		SOLE		0	0	260,252
ISHARES	U.S. MED DVC ETF	464288810	4,690	47,467	SH		SOLE		0	0	47,467
ISHARES	U.S. PHARMA ETF	464288836	7,924	62,550	SH		SOLE		0	0	62,550
ISHARES	MICRO-CAP ETF	464288869	319	4,126	SH		SOLE		0	0	4,126
ISHARES TR	HIGH DIVIDND ETF	46429B663	209	2,930	SH		SOLE		0	0	2,930
ISHARES INC	CORE MSCI EMKT	46434G103	4,383	89,299	SH		SOLE		0	0	89,299
ITC HLDGS CORP	COM	465685105	457	12,238	SH		SOLE		0	0	12,238
JP MORGAN CHASE & CO.	COM	46625H100	7,991	131,631	SH		SOLE		0	0	131,631
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	1,978	42,506	SH		SOLE		0	0	42,506
JANUS CAP GROUP INC	COM	47102X105	165	15,185	SH		SOLE		0	0	15,185
JOHNSON & JOHNSON	COM	478160104	9,394	95,636	SH		SOLE		0	0	95,636
JOHNSON CONTROLS INC	COM	478366107	4,943	104,454	SH		SOLE		0	0	104,454
KLA TENCOR CORP	COM	482480100	7,322	105,902	SH		SOLE		0	0	105,902
KADANT INC	COM	48282T104	285	7,808	SH		SOLE		0	0	7,808
KIMBERLY CLARK CORP	COM	494368103	7,453	67,597	SH		SOLE		0	0	67,597
KINDER MORGAN ENERGY PARTNERS L.P.	UT LTD PARTNER	494550106	302	4,089	SH		SOLE		0	0	4,089
KINDER MORGAN INC	COM	49456B101	405	12,466	SH		SOLE		0	0	12,466
KONINKLIJKE PHILIPS ELECTRONICS NV	NY REG SH NEW	500472303	204	5,804	SH		SOLE		0	0	5,804
KORN/FERRY INTL	COM NEW	500643200	700	23,517	SH		SOLE		0	0	23,517
KRAFT FOODS GROUP INC	COM	50076Q106	4,445	79,238	SH		SOLE		0	0	79,238
LANDSTAR SYSTEMS INC	COM	515098101	657	11,100	SH		SOLE		0	0	11,100
LAS VEGAS SANDS CORP	COM	517834107	4,599	56,934	SH		SOLE		0	0	56,934
LINCOLN NATL CORP	COM	534187109	2,370	46,770	SH		SOLE		0	0	46,770
LOCKHEED MARTIN CORP	COM	539830109	7,406	45,369	SH		SOLE		0	0	45,369
LOWES COS INC	COM	548661107	713	14,572	SH		SOLE		0	0	14,572
MACYS INC	COM	55616P104	358	6,030	SH		SOLE		0	0	6,030
MAGNA INTL INC	COM	559222401	488	5,069	SH		SOLE		0	0	5,069
MARKET VECTORS GOLD MINERS ETF	GOLD MINER ETF	57060U100	784	33,211	SH		SOLE		0	0	33,211
MARKET VECTORS AGRIBUSINESS ETF	AGRIBUS ETF	57060U605	1,457	26,797	SH		SOLE		0	0	26,797
MARKET VECTORS INDIA SMALL CAP ETF	INDIA SMALL CP	57061R551	7,485	208,192	SH		SOLE		0	0	208,192
MASCO CORP COM	COM	574599106	412	18,560	SH		SOLE		0	0	18,560
MASTERCARD INC CL A	CL A	57636Q104	846	11,330	SH		SOLE		0	0	11,330
MCCORMICK & CO INC NON-VOTING SHRS	COM NON VTG	579780206	291	4,051	SH		SOLE		0	0	4,051
MCDONALD'S CORP	COM	580135101	289	2,945	SH		SOLE		0	0	2,945
MCKESSON HBOC INC	COM	58155Q103	213	1,205	SH		SOLE		0	0	1,205
MEDNAX INC	COM	58502B106	1,859	29,989	SH		SOLE		0	0	29,989
MENTOR GRAPHICS CORP	COM	587200106	488	22,148	SH		SOLE		0	0	22,148
MERCK & CO INC	COM	58933Y105	9,526	167,805	SH		SOLE		0	0	167,805
METHANEX CORP	COM	59151K108	429	6,711	SH		SOLE		0	0	6,711
METLIFE INC	COM	59156R108	241	4,555	SH		SOLE		0	0	4,555
MICROSOFT CORP	COM	594918104	8,330	203,209	SH		SOLE		0	0	203,209
MIDDLEBY CORP	COM	596278101	500	1,893	SH		SOLE		0	0	1,893
MITSUBISHI UFJ FINL GROUP INC	SPONSORED ADR	606822104	452	81,609	SH		SOLE		0	0	81,609
MONDELEZ INTL INC CL A	CL A	609207105	269	7,791	SH		SOLE		0	0	7,791
MOODY'S CORP	COM	615369105	208	2,620	SH		SOLE		0	0	2,620
MOTOROLA SOLUTIONS INC	COM NEW	620076307	327	5,094	SH		SOLE		0	0	5,094
NVR INC	COM	62944T105	1,316	1,147	SH		SOLE		0	0	1,147
NATIONAL PENN BANCSHARES INC	COM	637138108	225	21,528	SH		SOLE		0	0	21,528
NET 1 UEPS TECHNOLOGIES	COM NEW	64107N206	468	47,028	SH		SOLE		0	0	47,028
NETEASE.COM INC	SPONSORED ADR	64110W102	466	6,923	SH		SOLE		0	0	6,923
NEUSTAR INC CL A	CL A	64126X201	1,162	35,756	SH		SOLE		0	0	35,756
NEWS CORP NEW CL A	CL A	65249B109	325	18,859	SH		SOLE		0	0	18,859
NEXTERA ENERGY INC	COM	65339F101	7,788	81,444	SH		SOLE		0	0	81,444
NORDION INC	COM	65563C105	520	45,126	SH		SOLE		0	0	45,126
NORFOLK SOUTHERN CORP	COM	655844108	8,309	85,505	SH		SOLE		0	0	85,505
NOVO NORDISK A.S.	ADR	670100205	319	6,987	SH		SOLE		0	0	6,987
OGE ENERGY CORP	COM	670837103	289	7,874	SH		SOLE		0	0	7,874
OCCIDENTAL PETROLEUM CORP.	COM	674599105	878	9,218	SH		SOLE		0	0	9,218
OLD REPUBLIC INTL CORP	COM	680223104	176	10,741	SH		SOLE		0	0	10,741
OPEN TEXT CORP	COM	683715106	449	9,406	SH		SOLE		0	0	9,406
ORACLE CORP	COM	68389X105	202	4,935	SH		SOLE		0	0	4,935
OUTERWALL INC.	COM	690070107	205	2,822	SH		SOLE		0	0	2,822
OWENS AND MINOR INC HLDGS CO INC	COM	690732102	206	5,890	SH		SOLE		0	0	5,890
PNC FINL SVCS GROUP INC	COM	693475105	6,602	75,889	SH		SOLE		0	0	75,889
PPG INDUSTRIES INC	COM	693506107	4,490	23,210	SH		SOLE		0	0	23,210
PACKAGING CORP AMER	COM	695156109	274	3,898	SH		SOLE		0	0	3,898
PEOPLES UTD FINL INC	COM	712704105	170	11,435	SH		SOLE		0	0	11,435
PEPSICO INC	COM	713448108	476	5,702	SH		SOLE		0	0	5,702
PERFICIENT INC	COM	71375U101	194	10,729	SH		SOLE		0	0	10,729
PFIZER INC	COM	717081103	8,937	278,245	SH		SOLE		0	0	278,245
PHILIP MORRIS INTL INC	COM	718172109	3,737	45,642	SH		SOLE		0	0	45,642
PHILLIPS 66	COM	718546104	819	10,625	SH		SOLE		0	0	10,625
POLARIS INDUSTRIES, INC.	COM	731068102	228	1,635	SH		SOLE		0	0	1,635
PORTFOLIO RECOVERY ASSOC INC	COM	73640Q105	2,528	43,700	SH		SOLE		0	0	43,700
PORTLAND GEN ELEC CO	COM NEW	736508847	209	6,462	SH		SOLE		0	0	6,462
POWERSHARES QQQ	UNIT SER 0	73935A104	18,215	207,768	SH		SOLE		0	0	207,768
POWERSHARES GLOBAL LISTED PRIVATE EQUITY	GBL LSTD PVT EQT	73935X195	4,868	400,621	SH		SOLE		0	0	400,621
POWERSHARES S&P 500 HIGH BETA	S&P500 HGH BET	73937B829	22,804	732,776	SH		SOLE		0	0	732,776
POWERSHARES S&P SMALL-CAP MATERIALS	S&P SMCP MAT P	73937B852	313	6,964	SH		SOLE		0	0	6,964
POWERSHARES S&P 600 SMALL CAP TECHNOLOGY	S&P SMCP IT PO	73937B860	309	6,815	SH		SOLE		0	0	6,815
PRAXAIR INC	COM	74005P104	211	1,608	SH		SOLE		0	0	1,608
PRIMERICA INC	COM	74164M108	2,065	43,825	SH		SOLE		0	0	43,825
PROCTER & GAMBLE CO	COM	742718109	1,993	24,724	SH		SOLE		0	0	24,724
PUBLIC SVC ENTERPRISES GROUP	COM	744573106	670	17,570	SH		SOLE		0	0	17,570
QLOGIC CORP	COM	747277101	222	17,398	SH		SOLE		0	0	17,398
QUALCOMM INC	COM	747525103	10,178	129,059	SH		SOLE		0	0	129,059
RAYTHEON CO	COM NEW	755111507	1,290	13,056	SH		SOLE		0	0	13,056
RESMED INC	COM	761152107	244	5,460	SH		SOLE		0	0	5,460
RIO TINTO PLC	SPONSORED ADR	767204100	470	8,414	SH		SOLE		0	0	8,414
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	9,223	126,363	SH		SOLE		0	0	126,363
SK TELECOM LTD	SPONSORED ADR	78440P108	486	21,526	SH		SOLE		0	0	21,526
SPDR S&P 500 ETF	TR UNIT	78462F103	44,484	237,871	SH		SOLE		0	0	237,871
SPDR INDEX SHS FDS	EURO STOXX 49	78463X202	1,675	39,269	SH		SOLE		0	0	39,269
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	1,476	41,228	SH		SOLE		0	0	41,228
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	989	29,172	SH		SOLE		0	0	29,172
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	1,920	39,675	SH		SOLE		0	0	39,675
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	70,306	1,701,494	SH		SOLE		0	0	1,701,494
SPDR SERIES TRUST	S&P BK ETF	78464A797	7,490	220,032	SH		SOLE		0	0	220,032
SPDR S&P MIDCAP 400	UTSER1 S&PDCRP	78467Y107	8,600	34,322	SH		SOLE		0	0	34,322
SPDR SER TR	SHT TRM HGH YLD	78468R408	270	8,706	SH		SOLE		0	0	8,706
SASOL LTD	SPONSORED ADR	803866300	512	9,155	SH		SOLE		0	0	9,155
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	14,444	246,940	SH		SOLE		0	0	246,940
ENERGY SELECT SECTOR SPDR	SBI INT-ENERGY	81369Y506	2,407	27,031	SH		SOLE		0	0	27,031
SHAW COMMUNICATIONS INC CL B	CL B CONV	82028K200	489	20,463	SH		SOLE		0	0	20,463
SHIRE PLC	SPONSORED ADR	82481R106	412	2,771	SH		SOLE		0	0	2,771
SIEMENS AG	SPONSORED ADR	826197501	227	1,678	SH		SOLE		0	0	1,678
SMITH & NEPHEW PLC	SPDN ADR NEW	83175M205	461	6,028	SH		SOLE		0	0	6,028
SNAP-ON INC.	COM	833034101	1,916	16,886	SH		SOLE		0	0	16,886
SOUTHERN COPPER	COM	84265V105	317	10,898	SH		SOLE		0	0	10,898
SPARTAN STORES INC	COM	846822104	205	8,824	SH		SOLE		0	0	8,824
SPIRIT AIRLS INC	COM	848577102	203	3,414	SH		SOLE		0	0	3,414
SPIRIT RLTY CAP INC	COM	84860W102	130	11,802	SH		SOLE		0	0	11,802
STANLEY BLACK & DECKER INC	COM	854502101	297	3,652	SH		SOLE		0	0	3,652
SYMETRA FINL CORP	COM	87151Q106	299	15,069	SH		SOLE		0	0	15,069
SYNAPTICS INC	COM	87157D109	2,146	35,752	SH		SOLE		0	0	35,752
SYNTEL INC	COM	87162H103	1,837	20,429	SH		SOLE		0	0	20,429
SYNNEX CORP	COM	87162W100	205	3,380	SH		SOLE		0	0	3,380
SYSCO CORP	COM	871829107	265	7,328	SH		SOLE		0	0	7,328
TJX COMPANIES INC	COM	872540109	682	11,241	SH		SOLE		0	0	11,241
TRW AUTOMOTIVE HLDGS CORP	COM	87264S106	1,961	24,029	SH		SOLE		0	0	24,029
TESCO CORP	COM	88157K101	294	15,896	SH		SOLE		0	0	15,896
TEXAS CAP BANCSHARES INC	COM	88224Q107	480	7,393	SH		SOLE		0	0	7,393
THERMO FISHER SCIENTIFIC	COM	883556102	629	5,235	SH		SOLE		0	0	5,235
THOR INDS INC	COM	885160101	1,459	23,896	SH		SOLE		0	0	23,896
3M CO.	COM	88579Y101	6,593	48,602	SH		SOLE		0	0	48,602
TIME WARNER INC	COM NEW	887317303	466	7,132	SH		SOLE		0	0	7,132
TIME WARNER CABLE INC	COM	88732J207	3,465	25,260	SH		SOLE		0	0	25,260
TOMPKINS FINL CORP	COM	890110109	302	6,160	SH		SOLE		0	0	6,160
TORCHMARK CORP	COM	891027104	1,061	13,477	SH		SOLE		0	0	13,477
TORONTO DOMINION BK	COM NEW	891160509	456	9,704	SH		SOLE		0	0	9,704
TOWERS WATSON & CO CL A	CL A	891894107	1,423	12,477	SH		SOLE		0	0	12,477
TOYOTA MTR CO	SP ADR REP2COM	892331307	464	4,110	SH		SOLE		0	0	4,110
TRAVELERS COS INC	COM	89417E109	298	3,500	SH		SOLE		0	0	3,500
TUPPERWARE CORP	COM	899896104	233	2,781	SH		SOLE		0	0	2,781
US BANCORP	COM NEW	902973304	6,140	143,258	SH		SOLE		0	0	143,258
UNIFIRST CORP	COM	904708104	407	3,705	SH		SOLE		0	0	3,705
UNION PACIFIC CORP	COM	907818108	830	4,425	SH		SOLE		0	0	4,425
UNITED PARCEL SVC INC CL B	CL B	911312106	5,213	53,535	SH		SOLE		0	0	53,535
UNITED STATES COMMODITY INDEX	COMM IDX FND	911717106	231	3,948	SH		SOLE		0	0	3,948
UNITED TECHNOLOGIES CORP	COM	913017109	1,023	8,758	SH		SOLE		0	0	8,758
UNITEDHEALTH GROUP INC	COM	91324P102	442	5,390	SH		SOLE		0	0	5,390
US ECOLOGY INC	COM	91732J102	256	6,884	SH		SOLE		0	0	6,884
VF CORP	COM	918204108	437	7,069	SH		SOLE		0	0	7,069
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	250	3,125	SH		SOLE		0	0	3,125
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	3,830	94,376	SH		SOLE		0	0	94,376
VENTAS INC	COM	92276F100	2,675	44,163	SH		SOLE		0	0	44,163
VANGUARD REIT	REIT ETF	922908553	373	5,280	SH		SOLE		0	0	5,280
VERIZON COMMUNICATIONS	COM	92343V104	6,754	141,971	SH		SOLE		0	0	141,971
WAL MART STORES INC	COM	931142103	287	3,758	SH		SOLE		0	0	3,758
WELLPOINT INC	COM	94973V107	6,191	62,191	SH		SOLE		0	0	62,191
WELLS FARGO & CO	COM	949746101	12,670	254,717	SH		SOLE		0	0	254,717
WESTLAKE CHEM CORP	COM	960413102	1,737	26,253	SH		SOLE		0	0	26,253
WHIRLPOOL CORP	COM	963320106	292	1,954	SH		SOLE		0	0	1,954
WHITING PETROLEUM CORP	COM	966387102	317	4,572	SH		SOLE		0	0	4,572
WILLIAMS COS INC	COM	969457100	4,376	107,838	SH		SOLE		0	0	107,838
WISCONSIN ENERGY CORP	COM	976657106	10,383	223,056	SH		SOLE		0	0	223,056
WISDOMTREE TR	INDIA ERNGS FD	97717W422	12,590	664,026	SH		SOLE		0	0	664,026
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	14,949	193,997	SH		SOLE		0	0	193,997
WISDOMTREE TR	SMALLCAP DIVID	97717W604	9,010	131,998	SH		SOLE		0	0	131,998
WYNDHAM WORLDWIDE CORP	COM	98310W108	315	4,300	SH		SOLE		0	0	4,300
ACCENTURE PLC	SHS CLASS A	G1151C101	6,658	83,512	SH		SOLE		0	0	83,512
COVIDIEN PLC	SHS	G2554F113	351	4,766	SH		SOLE		0	0	4,766
EATON CORP PLC	SHS	G29183103	3,676	48,933	SH		SOLE		0	0	48,933
INVESCO LTD	SHS	G491BT108	720	19,460	SH		SOLE		0	0	19,460
MAIDEN HLDGS LTD	SHS	G5753U112	515	41,236	SH		SOLE		0	0	41,236
MALLINCKRODT PUB LTD CO	SHS	G5785G107	441	6,960	SH		SOLE		0	0	6,960
MICHAEL KORS HLDGS LTD	SHS	G60754101	451	4,837	SH		SOLE		0	0	4,837
PARTNERRE	COM	G6852T105	500	4,827	SH		SOLE		0	0	4,827
SEADRILL LTD	SHS	G7945E105	374	10,639	SH		SOLE		0	0	10,639
XL GROUP PLC	SHS	G98290102	494	15,796	SH		SOLE		0	0	15,796
ACE LTD	SHS	H0023R105	872	8,801	SH		SOLE		0	0	8,801
ALLIED WORLD ASSURANCE CO HLDGS AG	SHS	H01531104	484	4,688	SH		SOLE		0	0	4,688
TE CONNECTIVITY LTD	REG SHS	H84989104	477	7,920	SH		SOLE		0	0	7,920
TARO PHARMACEUTICAL INDS LTD	SHS	M8737E108	465	4,190	SH		SOLE		0	0	4,190
LYONDELLBASELL INDUSTRIES NV	SHS - A -	N53745100	7,593	85,370	SH		SOLE		0	0	85,370
NIELSEN HOLDINGS BV	COM	N63218106	448	10,036	SH		SOLE		0	0	10,036
VISTAPRINT NV	SHS	N93540107	443	9,005	SH		SOLE		0	0	9,005
COPA HOLDING SA CL A	CL A	P31076105	498	3,431	SH		SOLE		0	0	3,431
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	482	7,491	SH		SOLE		0	0	7,491