CLS Investments 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

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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
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	0	2	SH		SOLE	0	0	0	2
AMERICAN INTL GROUP INC	COM NEW	026874784	0	5	SH		SOLE	0	0	0	5
HOSPIRA INC	COM	441060100	0	10	SH		SOLE	0	0	0	10
SOUTHERN COPPER CORP	COM	84265V105	0	2	SH		SOLE	0	0	0	2
FIRST SOLAR INC	COM	336433107	0	3	SH		SOLE	0	0	0	3
PHARMERICA CORP	COM	71714F104	0	16	SH		SOLE	0	0	0	16
RESOLUTE FST PRODS INC	COM	76117W109	0	7	SH		SOLE	0	0	0	7
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	0	2	SH		SOLE	0	0	0	2
AMAZON COM INC	COM	023135106	1	2	SH		SOLE	0	0	0	2
CONAGRA FOODS INC	COM	205887102	1	17	SH		SOLE	0	0	0	17
US BANCORP DEL	COM NEW	902973304	1	17	SH		SOLE	0	0	0	17
MERCK & CO INC NEW	COM	58933Y105	1	27	SH		SOLE	0	0	0	27
3M CO	COM	88579Y101	1	6	SH		SOLE	0	0	0	6
AMERICAN WTR WKS CO INC NEW	COM	030420103	1	33	SH		SOLE	0	0	0	33
CONSOLIDATED EDISON INC	COM	209115104	1	18	SH		SOLE	0	0	0	18
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	1	57	SH		SOLE	0	0	0	57
CHICAGO BRIDGE & IRON CO N V	COM	167250109	1	17	SH		SOLE	0	0	0	17
ALPHA NATURAL RESOURCES INC	COM	02076X102	1	100	SH		SOLE	0	0	0	100
FUEL TECH INC	COM	359523107	1	100	SH		SOLE	0	0	0	100
SEABRIDGE GOLD INC	COM	811916105	1	100	SH		SOLE	0	0	0	100
DELEK US HLDGS INC	COM	246647101	1	15	SH		SOLE	0	0	0	15
COMCAST CORP NEW	CL A SPL	20030N200	2	38	SH		SOLE	0	0	0	38
SIEMENS A G	SPONSORED ADR	826197501	2	17	SH		SOLE	0	0	0	17
ENCANA CORP	COM	292505104	2	105	SH		SOLE	0	0	0	105
BLACKROCK DEBT STRAT FD INC	COM	09255R103	2	447	SH		SOLE	0	0	0	447
ABB LTD	SPONSORED ADR	000375204	2	64	SH		SOLE	0	0	0	64
WESTERN UN CO	COM	959802109	2	100	SH		SOLE	0	0	0	100
ETFS WHITE METALS BASKET TR	PHY WM BSK SHS	26923B104	2	64	SH		SOLE	0	0	0	64
KULICKE & SOFFA INDS INC	COM	501242101	3	213	SH		SOLE	0	0	0	213
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	3	180	SH		SOLE	0	0	0	180
LIFE TECHNOLOGIES CORP	COM	53217V109	3	40	SH		SOLE	0	0	0	40
FOSTER WHEELER AG	COM	H27178104	3	100	SH		SOLE	0	0	0	100
NRG ENERGY INC	COM NEW	629377508	3	100	SH		SOLE	0	0	0	100
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	3	123	SH		SOLE	0	0	0	123
ABBOTT LABS	COM	002824100	4	100	SH		SOLE	0	0	0	100
CARNIVAL CORP	PAIRED CTF	143658300	4	100	SH		SOLE	0	0	0	100
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	4	123	SH		SOLE	0	0	0	123
TEMPLETON GLOBAL INCOME FD	COM	880198106	5	650	SH		SOLE	0	0	0	650
GENERAL MTRS CO	COM	37045V100	5	134	SH		SOLE	0	0	0	134
RETAIL PPTYS AMER INC	CL A	76131V202	5	403	SH		SOLE	0	0	0	403
ABBVIE INC	COM	00287Y109	5	100	SH		SOLE	0	0	0	100
ISHARES	MSCI TAIWAN ETF	464286731	6	432	SH		SOLE	0	0	0	432
TARGET CORP	COM	87612E106	6	100	SH		SOLE	0	0	0	100
ISHARES	7-10 Y TR BD ETF	464287440	6	58	SH		SOLE	0	0	0	58
BAXTER INTL INC	COM	071813109	7	100	SH		SOLE	0	0	0	100
UNITED TECHNOLOGIES CORP	COM	913017109	7	63	SH		SOLE	0	0	0	63
PRICE T ROWE GROUP INC	COM	74144T108	7	80	SH		SOLE	0	0	0	80
SILVER WHEATON CORP	COM	828336107	7	352	SH		SOLE	0	0	0	352
SPDR INDEX SHS FDS	DJ INTL RL ETF	78463X863	7	175	SH		SOLE	0	0	0	175
ETFS GOLD TR	SHS	26922Y105	7	59	SH		SOLE	0	0	0	59
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	8	200	SH		SOLE	0	0	0	200
AMETEK INC NEW	COM	031100100	8	157	SH		SOLE	0	0	0	157
GILEAD SCIENCES INC	COM	375558103	8	100	SH		SOLE	0	0	0	100
AMERICAN STRATEGIC INCOME II	COM	03009T101	8	1,149	SH		SOLE	0	0	0	1,149
WOLVERINE WORLD WIDE INC	COM	978097103	8	230	SH		SOLE	0	0	0	230
IHS INC	CL A	451734107	8	70	SH		SOLE	0	0	0	70
SPDR INDEX SHS FDS	EUROPE ETF	78463X608	8	191	SH		SOLE	0	0	0	191
FIRST MAJESTIC SILVER CORP	COM	32076V103	8	788	SH		SOLE	0	0	0	788
MONOTYPE IMAGING HOLDINGS IN	COM	61022P100	8	245	SH		SOLE	0	0	0	245
ISHARES	MSCI JAPAN ETF	464286848	9	782	SH		SOLE	0	0	0	782
CISCO SYS INC	COM	17275R102	9	412	SH		SOLE	0	0	0	412
AMPHENOL CORP NEW	CL A	032095101	9	100	SH		SOLE	0	0	0	100
PRICELINE COM INC	COM NEW	741503403	10	9	SH		SOLE	0	0	0	9
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	10	124	SH		SOLE	0	0	0	124
INTERNATIONAL BUSINESS MACHS	COM	459200101	11	57	SH		SOLE	0	0	0	57
PPG INDS INC	COM	693506107	11	59	SH		SOLE	0	0	0	59
ATWOOD OCEANICS INC	COM	050095108	11	200	SH		SOLE	0	0	0	200
PHILIP MORRIS INTL INC	COM	718172109	11	125	SH		SOLE	0	0	0	125
ALTRIA GROUP INC	COM	02209S103	12	315	SH		SOLE	0	0	0	315
COCA COLA CO	COM	191216100	12	300	SH		SOLE	0	0	0	300
HOME DEPOT INC	COM	437076102	12	150	SH		SOLE	0	0	0	150
ROCK-TENN CO	CL A	772739207	12	115	SH		SOLE	0	0	0	115
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	12	950	SH		SOLE	0	0	0	950
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	13	164	SH		SOLE	0	0	0	164
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	13	270	SH		SOLE	0	0	0	270
CITIGROUP INC	COM NEW	172967424	14	262	SH		SOLE	0	0	0	262
NIKE INC	CL B	654106103	14	180	SH		SOLE	0	0	0	180
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	14	600	SH		SOLE	0	0	0	600
CBIZ INC	COM	124805102	14	1,544	SH		SOLE	0	0	0	1,544
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	14	832	SH		SOLE	0	0	0	832
BOEING CO	COM	097023105	15	109	SH		SOLE	0	0	0	109
STARBUCKS CORP	COM	855244109	16	201	SH		SOLE	0	0	0	201
COSTCO WHSL CORP NEW	COM	22160K105	16	134	SH		SOLE	0	0	0	134
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	17	705	SH		SOLE	0	0	0	705
RAYTHEON CO	COM NEW	755111507	18	200	SH		SOLE	0	0	0	200
GENERAL ELECTRIC CO	COM	369604103	19	681	SH		SOLE	0	0	0	681
SPDR GOLD TRUST	GOLD SHS	78463V107	20	169	SH		SOLE	0	0	0	169
FISERV INC	COM	337738108	22	370	SH		SOLE	0	0	0	370
PIMCO CORPORATE & INCOME OPP	COM	72201B101	24	1,380	SH		SOLE	0	0	0	1,380
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	24	3,143	SH		SOLE	0	0	0	3,143
ISHARES	CHINA LG-CAP ETF	464287184	27	712	SH		SOLE	0	0	0	712
CRESTWOOD MIDSTREAM PARTNERS	UNIT LTD PARTNER	226378107	27	1,080	SH		SOLE	0	0	0	1,080
AMERISOURCEBERGEN CORP	COM	03073E105	28	400	SH		SOLE	0	0	0	400
JOHNSON & JOHNSON	COM	478160104	30	327	SH		SOLE	0	0	0	327
PFIZER INC	COM	717081103	31	1,021	SH		SOLE	0	0	0	1,021
BANK OF AMERICA CORPORATION	COM	060505104	31	1,960	SH		SOLE	0	0	0	1,960
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	31	938	SH		SOLE	0	0	0	938
CA INC	COM	12673P105	35	1,035	SH		SOLE	0	0	0	1,035
LOCKHEED MARTIN CORP	COM	539830109	37	246	SH		SOLE	0	0	0	246
EXXON MOBIL CORP	COM	30231G102	40	396	SH		SOLE	0	0	0	396
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	40	500	SH		SOLE	0	500	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	41	1,995	SH		SOLE	0	0	0	1,995
TESLA MTRS INC	COM	88160R101	45	300	SH		SOLE	0	0	0	300
CHEVRON CORP NEW	COM	166764100	46	371	SH		SOLE	0	0	0	371
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	47	837	SH		SOLE	0	0	0	837
SPDR SER TR	SPDR BOFA ML	78468R507	48	1,660	SH		SOLE	0	0	0	1,660
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	50	303	SH		SOLE	0	0	0	303
WISDOMTREE TR	FUTRE STRAT FD	97717W125	54	1,300	SH		SOLE	1	1,300	0	0
NUVEEN CALIF PERFORM PLUS MU	COM	67062Q106	55	4,141	SH		SOLE	0	0	0	4,141
VISA INC	COM CL A	92826C839	56	252	SH		SOLE	0	0	0	252
VANGUARD WORLD FDS	ENERGY ETF	92204A306	57	453	SH		SOLE	0	0	0	453
HALCON RES CORP	COM NEW	40537Q209	65	16,914	SH		SOLE	0	0	0	16,914
KRAFT FOODS GROUP INC	COM	50076Q106	66	1,222	SH		SOLE	0	0	0	1,222
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	80	2,778	SH		SOLE	1	2,778	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	83	5,378	SH		SOLE	0	0	0	5,378
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	87	1,714	SH		SOLE	0	0	0	1,714
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	103	3,251	SH		SOLE	0	0	0	3,251
SPDR SERIES TRUST	BRCLYS INTL ETF	78464A516	106	1,829	SH		SOLE	0	0	0	1,829
WELLS FARGO & CO NEW	COM	949746101	112	2,465	SH		SOLE	0	0	0	2,465
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	116	1,451	SH		SOLE	0	0	0	1,451
ISHARES	MSCI MEX CAP ETF	464286822	121	1,780	SH		SOLE	1	1,780	0	0
SHERWIN WILLIAMS CO	COM	824348106	122	664	SH		SOLE	0	0	0	664
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	128	4,800	SH		SOLE	1	4,800	0	0
ISHARES	3-7 YR TR BD ETF	464288661	132	1,100	SH		SOLE	1	1,100	0	0
MONDELEZ INTL INC	CL A	609207105	134	3,786	SH		SOLE	0	0	0	3,786
ISHARES	MRGSTR MD CP ETF	464288208	135	1,045	SH		SOLE	0	0	0	1,045
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	139	5,400	SH		SOLE	1	5,400	0	0
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	154	3,350	SH		SOLE	1	3,350	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	168	2,496	SH		SOLE	0	0	0	2,496
WEYERHAEUSER CO	COM	962166104	175	5,551	SH		SOLE	0	0	0	5,551
ENSCO PLC	SHS CLASS A	G3157S106	183	3,200	SH		SOLE	0	0	0	3,200
SONOCO PRODS CO	COM	835495102	187	4,473	SH		SOLE	0	0	0	4,473
AGL RES INC	COM	001204106	191	4,034	SH		SOLE	0	0	0	4,034
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	196	3,679	SH		SOLE	0	0	0	3,679
INTL PAPER CO	COM	460146103	196	3,995	SH		SOLE	0	0	0	3,995
VANGUARD INDEX FDS	REIT ETF	922908553	196	3,030	SH		SOLE	0	0	0	3,030
WASTE MGMT INC DEL	COM	94106L109	197	4,386	SH		SOLE	0	0	0	4,386
ISHARES	GLOBAL ENERG ETF	464287341	200	4,626	SH		SOLE	1	4,626	0	0
CONOCOPHILLIPS	COM	20825C104	204	2,883	SH		SOLE	0	0	0	2,883
MOLSON COORS BREWING CO	CL B	60871R209	205	3,657	SH		SOLE	0	0	0	3,657
W P CAREY INC	COM	92936U109	208	3,388	SH		SOLE	0	0	0	3,388
TRAVELERS COMPANIES INC	COM	89417E109	214	2,359	SH		SOLE	0	0	0	2,359
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	214	9,777	SH		SOLE	0	0	0	9,777
CDN IMPERIAL BK OF COMMERCE	COM	136069101	226	2,651	SH		SOLE	0	0	0	2,651
TOTAL S A	SPONSORED ADR	89151E109	229	3,734	SH		SOLE	0	0	0	3,734
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	230	5,676	SH		SOLE	0	0	0	5,676
MATTEL INC	COM	577081102	232	4,877	SH		SOLE	0	0	0	4,877
SNAP ON INC	COM	833034101	234	2,138	SH		SOLE	0	0	0	2,138
INTEL CORP	COM	458140100	236	9,094	SH		SOLE	0	0	0	9,094
MICROSOFT CORP	COM	594918104	236	6,319	SH		SOLE	0	0	0	6,319
ISHARES	CREDIT BD ETF	464288620	243	2,270	SH		SOLE	1	2,270	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	250	5,400	SH		SOLE	1	5,400	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	250	11,620	SH		SOLE	1	11,620	0	0
ISHARES	JP MOR EM MK ETF	464288281	251	2,323	SH		SOLE	1	2,323	0	0
ISHARES	S&P MC 400GR ETF	464287606	253	1,686	SH		SOLE	0	0	0	1,686
SPDR SERIES TRUST	BRCLY EM LOCL	78464A391	261	8,784	SH		SOLE	0	0	0	8,784
ISHARES INC	CORE MSCI EMKT	46434G103	264	5,307	SH		SOLE	1	5,307	0	0
UNION PAC CORP	COM	907818108	271	1,613	SH		SOLE	0	0	0	1,613
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	275	3,800	SH		SOLE	1	3,800	0	0
ISHARES	MSCI FRNTR100ETF	464286145	276	8,191	SH		SOLE	1	8,191	0	0
ISHARES	RUS MID-CAP ETF	464287499	280	1,870	SH		SOLE	1	1,870	0	0
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	298	10,529	SH		SOLE	0	0	0	10,529
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	326	12,691	SH		SOLE	1	12,691	0	0
VMWARE INC	CL A COM	928563402	349	3,888	SH		SOLE	0	0	0	3,888
VISTEON CORP	COM NEW	92839U206	350	4,276	SH		SOLE	0	0	0	4,276
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	355	9,966	SH		SOLE	0	0	0	9,966
WISDOMTREE TR	DEFA FD	97717W703	361	6,629	SH		SOLE	0	0	0	6,629
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	370	7,353	SH		SOLE	0	0	0	7,353
BROADCOM CORP	CL A	111320107	384	12,967	SH		SOLE	0	0	0	12,967
MOSAIC CO NEW	COM	61945C103	384	8,124	SH		SOLE	0	0	0	8,124
VISHAY INTERTECHNOLOGY INC	COM	928298108	386	29,090	SH		SOLE	0	0	0	29,090
CADENCE DESIGN SYSTEM INC	COM	127387108	388	27,671	SH		SOLE	0	0	0	27,671
DOLLAR GEN CORP NEW	COM	256677105	390	6,466	SH		SOLE	0	0	0	6,466
BAKER HUGHES INC	COM	057224107	391	7,073	SH		SOLE	0	0	0	7,073
POWERSHARES GLOBAL ETF TRUST	FDM HG YLD RAFI	73936T557	396	20,625	SH		SOLE	0	0	0	20,625
ARRIS GROUP INC NEW	COM	04270V106	399	16,398	SH		SOLE	0	0	0	16,398
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	405	3,309	SH		SOLE	0	0	0	3,309
PRAXAIR INC	COM	74005P104	415	3,192	SH		SOLE	0	0	0	3,192
GUESS INC	COM	401617105	416	13,400	SH		SOLE	0	0	0	13,400
SPDR SER TR	SHT TRM HGH YLD	78468R408	416	13,483	SH		SOLE	1	13,483	0	0
SEALED AIR CORP NEW	COM	81211K100	428	12,583	SH		SOLE	0	0	0	12,583
FOOT LOCKER INC	COM	344849104	429	10,341	SH		SOLE	0	0	0	10,341
SKYWORKS SOLUTIONS INC	COM	83088M102	433	15,145	SH		SOLE	0	0	0	15,145
SOUTHWEST AIRLS CO	COM	844741108	458	24,296	SH		SOLE	0	0	0	24,296
REPUBLIC SVCS INC	COM	760759100	460	13,864	SH		SOLE	0	0	0	13,864
ORACLE CORP	COM	68389X105	462	12,065	SH		SOLE	0	0	0	12,065
RYDER SYS INC	COM	783549108	463	6,274	SH		SOLE	0	0	0	6,274
NATIONAL OILWELL VARCO INC	COM	637071101	464	5,835	SH		SOLE	0	0	0	5,835
SENSATA TECHNOLOGIES HLDG BV	SHS	N7902X106	470	12,122	SH		SOLE	0	0	0	12,122
ISHARES	MSCI HONG KG ETF	464286871	471	22,852	SH		SOLE	0	0	0	22,852
ISHARES	MSCI POL CAP ETF	46429B606	475	16,000	SH		SOLE	0	16,000	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	475	9,000	SH		SOLE	1	9,000	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	488	5,900	SH		SOLE	1	5,900	0	0
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	493	6,402	SH		SOLE	0	0	0	6,402
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	495	13,882	SH		SOLE	0	0	0	13,882
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	498	9,480	SH		SOLE	0	0	0	9,480
AFLAC INC	COM	001055102	501	7,494	SH		SOLE	0	0	0	7,494
ISHARES	20+ YR TR BD ETF	464287432	509	5,000	SH		SOLE	1	5,000	0	0
APPLE INC	COM	037833100	510	908	SH		SOLE	0	0	0	908
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	516	15,135	SH		SOLE	0	0	0	15,135
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	517	5,110	SH		SOLE	1	5,110	0	0
ISHARES	3YRTB ETF	464288125	528	5,600	SH		SOLE	0	5,600	0	0
EASTMAN CHEM CO	COM	277432100	530	6,568	SH		SOLE	0	0	0	6,568
HORMEL FOODS CORP	COM	440452100	531	11,757	SH		SOLE	0	0	0	11,757
UNITEDHEALTH GROUP INC	COM	91324P102	532	7,066	SH		SOLE	0	0	0	7,066
TENNECO INC	COM	880349105	537	9,485	SH		SOLE	0	0	0	9,485
HARLEY DAVIDSON INC	COM	412822108	556	8,031	SH		SOLE	0	0	0	8,031
ISHARES	1-3 YR TR BD ETF	464287457	562	6,660	SH		SOLE	1	6,660	0	0
CELGENE CORP	COM	151020104	563	3,332	SH		SOLE	0	0	0	3,332
MAGNA INTL INC	COM	559222401	564	6,878	SH		SOLE	0	0	0	6,878
DISNEY WALT CO	COM DISNEY	254687106	583	7,628	SH		SOLE	0	0	0	7,628
ISHARES	US OIL EQ&SV ETF	464288844	583	9,000	SH		SOLE	0	9,000	0	0
WYNN RESORTS LTD	COM	983134107	587	3,025	SH		SOLE	0	0	0	3,025
CVS CAREMARK CORPORATION	COM	126650100	590	8,250	SH		SOLE	0	0	0	8,250
GOOGLE INC	CL A	38259P508	596	532	SH		SOLE	0	0	0	532
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	636	15,624	SH		SOLE	0	0	0	15,624
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	646	14,349	SH		SOLE	0	0	0	14,349
VANGUARD INDEX FDS	SMALL CP ETF	922908751	671	6,100	SH		SOLE	1	6,100	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	673	12,872	SH		SOLE	1	12,872	0	0
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	674	33,000	SH		SOLE	1	33,000	0	0
ISHARES	CORE S&P500 ETF	464287200	694	3,740	SH		SOLE	1	3,740	0	0
QUALCOMM INC	COM	747525103	702	9,454	SH		SOLE	0	0	0	9,454
ISHARES	MSCI JAPN SMCETF	464286582	706	13,000	SH		SOLE	0	13,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	712	4	SH		SOLE	0	0	0	4
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	725	7,560	SH		SOLE	1	7,560	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	779	23,500	SH		SOLE	0	23,500	0	0
ISHARES	MBS ETF	464288588	798	7,634	SH		SOLE	0	5,475	0	2,159
REVENUESHARES ETF TR	LARGECAP FD	761396100	803	22,000	SH		SOLE	1	22,000	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	826	7,506	SH		SOLE	0	0	0	7,506
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	855	34,742	SH		SOLE	0	0	0	34,742
POWERSHS DB MULTI SECT COMM	DB OIL FUND	73936B507	859	31,000	SH		SOLE	0	31,000	0	0
ISHARES	U.S. ENERGY ETF	464287796	860	17,039	SH		SOLE	0	0	0	17,039
FIDELITY	MSCI INFO TECH I	316092808	894	33,000	SH		SOLE	0	33,000	0	0
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	915	37,665	SH		SOLE	1	37,665	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	928	9,971	SH		SOLE	1	9,971	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	935	15,000	SH		SOLE	0	15,000	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	947	3,880	SH		SOLE	1	3,880	0	0
DYCOM INDS INC	COM	267475101	947	34,065	SH		SOLE	0	0	0	34,065
SPDR SERIES TRUST	S&P INS ETF	78464A789	953	15,100	SH		SOLE	1	15,100	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	959	53,900	SH		SOLE	1	53,900	0	0
POWERSHARES ETF TRUST	FTSE RAFI 1000	73935X583	1,013	12,215	SH		SOLE	0	12,000	0	215
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	1,046	31,000	SH		SOLE	0	31,000	0	0
ISHARES	RUS MDCP VAL ETF	464287473	1,051	16,000	SH		SOLE	0	16,000	0	0
WISDOMTREE TR	SMALLCAP DIVID	97717W604	1,058	15,602	SH		SOLE	0	0	0	15,602
ISHARES	MSCI ITALCPD ETF	464286855	1,060	68,000	SH		SOLE	0	68,000	0	0
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	1,076	29,349	SH		SOLE	0	0	0	29,349
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	1,084	51,000	SH		SOLE	1	51,000	0	0
ISHARES	MSCI UK ETF	464286699	1,086	52,000	SH		SOLE	0	52,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,099	9,270	SH		SOLE	1	9,270	0	0
ISHARES	MSCI MEX CAP ETF	464286822	1,115	16,400	SH		SOLE	0	16,400	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	1,136	11,000	SH		SOLE	0	11,000	0	0
ADVISORSHARES TR	TRIMTABS FLT	00768Y818	1,164	24,000	SH		SOLE	0	24,000	0	0
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	1,192	88,700	SH		SOLE	0	88,700	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,203	32,124	SH		SOLE	0	0	0	32,124
ISHARES	EUROPE ETF	464287861	1,236	26,046	SH		SOLE	0	0	0	26,046
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	1,236	46,000	SH		SOLE	0	46,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	1,282	21,800	SH		SOLE	1	21,800	0	0
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	1,285	50,000	SH		SOLE	0	50,000	0	0
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	1,354	34,429	SH		SOLE	0	0	0	34,429
ISHARES	MSCI ACWI US ETF	464288240	1,358	29,093	SH		SOLE	1	29,093	0	0
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	1,378	31,254	SH		SOLE	0	0	0	31,254
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,384	8,364	SH		SOLE	1	8,364	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2015	18383M563	1,390	63,535	SH		SOLE	0	0	0	63,535
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	1,415	30,700	SH		SOLE	0	30,700	0	0
ADVISORSHARES TR	PERITUS HG YLD	00768Y503	1,432	27,700	SH		SOLE	0	27,700	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	1,454	32,134	SH		SOLE	0	0	0	32,134
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	1,480	29,000	SH		SOLE	0	29,000	0	0
ISHARES	INTL DEV RE ETF	464288489	1,489	48,271	SH		SOLE	0	0	0	48,271
VANGUARD INTL EQUITY INDEX F	MEGA CAP GRO ETF	922042866	1,545	25,212	SH		SOLE	0	25,000	0	212
MARKET VECTORS ETF TR	GAMING ETF	57060U829	1,549	29,000	SH		SOLE	0	29,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	1,554	72,000	SH		SOLE	0	72,000	0	0
FIRST TR EXCHANGE TRADED FD	NASDAQ 100 EX	33733E401	1,635	47,000	SH		SOLE	0	47,000	0	0
ISHARES	S&P 100 ETF	464287101	1,663	20,200	SH		SOLE	1	20,200	0	0
ISHARES	U.S. TELECOM ETF	464287713	1,665	56,000	SH		SOLE	0	56,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	1,676	40,100	SH		SOLE	1	40,100	0	0
ISHARES	RUSSELL 3000 ETF	464287689	1,682	15,200	SH		SOLE	1	15,200	0	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	1,701	17,000	SH		SOLE	0	17,000	0	0
POWERSHARES ETF TRUST II	DWA SC MOMNT PTF	73936Q744	1,746	44,000	SH		SOLE	0	44,000	0	0
ISHARES	SHT NTLAMTFR ETF	464288158	1,747	16,450	SH		SOLE	0	16,450	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	1,751	103,738	SH		SOLE	1	103,738	0	0
ISHARES	IRELAND CAPD ETF	46429B507	1,793	50,000	SH		SOLE	0	50,000	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,847	35,000	SH		SOLE	0	35,000	0	0
ISHARES TR	MSCI USAMOMFCT	46432F396	1,861	31,000	SH		SOLE	0	31,000	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	1,868	46,000	SH		SOLE	0	46,000	0	0
ISHARES	20+ YR TR BD ETF	464287432	1,935	19,000	SH		SOLE	0	19,000	0	0
ISHARES	U.S. PHARMA ETF	464288836	1,972	16,700	SH		SOLE	1	16,700	0	0
ISHARES	NA TEC MULTM ETF	464287531	2,002	62,000	SH		SOLE	0	62,000	0	0
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	2,024	119,461	SH		SOLE	0	119,461	0	0
POWERSHARES ETF TR II	S&P SMCP IND P	73937B878	2,057	45,000	SH		SOLE	0	45,000	0	0
ISHARES	IBOXX INV CP ETF	464287242	2,112	18,500	SH		SOLE	1	18,500	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,127	19,996	SH		SOLE	1	19,996	0	0
FIRST TR US IPO INDEX FD	SHS	336920103	2,179	48,000	SH		SOLE	0	48,000	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	2,248	42,500	SH		SOLE	0	42,500	0	0
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	2,298	69,300	SH		SOLE	0	69,300	0	0
ISHARES	1-3 YR CR BD ETF	464288646	2,362	22,400	SH		SOLE	1	22,400	0	0
SPDR SERIES TRUST	S&P CAP MKTS	78464A771	2,405	48,000	SH		SOLE	0	48,000	0	0
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	2,454	108,806	SH		SOLE	0	0	0	108,806
POWERSHARES ETF TRUST	DYN LSR & ENT	73935X757	2,456	72,000	SH		SOLE	0	72,000	0	0
ISHARES	IBOXX HI YD ETF	464288513	2,481	26,710	SH		SOLE	1	26,710	0	0
ISHARES	MSCI FRNTR100ETF	464286145	2,496	73,979	SH		SOLE	0	73,979	0	0
PIMCO ETF TR	TOTL RETN ETF	72201R775	2,566	24,500	SH		SOLE	1	24,500	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	2,609	28,906	SH		SOLE	0	0	0	28,906
WISDOMTREE TR	FUTRE STRAT FD	97717W125	2,614	63,000	SH		SOLE	0	63,000	0	0
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	2,652	35,549	SH		SOLE	0	0	0	35,549
DBX ETF TR	XTRAK MSCI EAFE	233051200	2,742	100,000	SH		SOLE	0	100,000	0	0
POWERSHARES ETF TR II	S&P SMCP IT PO	73937B860	2,805	63,000	SH		SOLE	0	63,000	0	0
POWERSHARES ETF TRUST	DYN FD & BEV	73935X849	2,845	108,000	SH		SOLE	0	108,000	0	0
ISHARES	RUS 2000 GRW ETF	464287648	2,846	21,000	SH		SOLE	0	21,000	0	0
ISHARES	RUS TP200 GR ETF	464289438	2,868	63,500	SH		SOLE	1	63,500	0	0
ISHARES	EM MKTS CURR ETF	464286517	2,909	59,596	SH		SOLE	0	52,400	0	7,196
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	2,948	118,500	SH		SOLE	1	118,500	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	2,975	36,244	SH		SOLE	1	36,244	0	0
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	3,028	122,246	SH		SOLE	0	110,000	0	12,246
REVENUESHARES ETF TR	LARGECAP FD	761396100	3,101	85,000	SH		SOLE	0	85,000	0	0
ISHARES	N AMER TECH ETF	464287549	3,135	35,000	SH		SOLE	0	35,000	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	3,281	135,292	SH		SOLE	1	135,292	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	3,331	37,200	SH		SOLE	1	37,200	0	0
ISHARES	EAFE VALUE ETF	464288877	3,343	58,445	SH		SOLE	0	16,000	0	42,445
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	3,391	110,480	SH		SOLE	1	110,480	0	0
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	3,412	57,000	SH		SOLE	0	57,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	3,437	129,200	SH		SOLE	0	129,200	0	0
ISHARES	MSCI GERMANY ETF	464286806	3,449	108,590	SH		SOLE	0	58,300	0	50,290
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	3,499	75,700	SH		SOLE	0	75,700	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,520	19,057	SH		SOLE	1	19,057	0	0
ISHARES	PHLX SEMICND ETF	464287523	3,563	49,000	SH		SOLE	0	49,000	0	0
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	3,629	83,000	SH		SOLE	0	83,000	0	0
ISHARES	RUS MID-CAP ETF	464287499	3,720	24,802	SH		SOLE	0	17,230	0	7,572
ISHARES	MSCI CDA ETF	464286509	3,721	127,598	SH		SOLE	0	124,000	0	3,598
ISHARES	EAFE MIN VOL ETF	46429B689	3,819	62,000	SH		SOLE	0	62,000	0	0
ISHARES	U.S. FINLS ETF	464287788	3,848	48,000	SH		SOLE	0	48,000	0	0
POWERSHARES ETF TRUST	DYN PHRMA PORT	73935X799	3,904	73,000	SH		SOLE	0	73,000	0	0
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	3,924	30,217	SH		SOLE	0	29,500	0	717
PROSHARES TR	PSHS LC COR PLUS	74347R248	4,044	46,000	SH		SOLE	0	46,000	0	0
ISHARES	EM MKT SM-CP ETF	464286475	4,098	86,000	SH		SOLE	0	86,000	0	0
ISHARES	GLOB HLTHCRE ETF	464287325	4,219	49,000	SH		SOLE	0	49,000	0	0
ISHARES	GLOBAL TECH ETF	464287291	4,248	51,000	SH		SOLE	0	51,000	0	0
SPDR SERIES TRUST	DB INT GVT ETF	78464A490	4,254	72,788	SH		SOLE	0	63,675	0	9,113
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	4,268	99,300	SH		SOLE	1	99,300	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG TIMBER ETF	18383Q879	4,325	167,000	SH		SOLE	0	167,000	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	4,330	87,000	SH		SOLE	0	87,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	4,366	97,000	SH		SOLE	0	97,000	0	0
WISDOMTREE TR	EUROPE SMCP DV	97717W869	4,455	77,000	SH		SOLE	0	77,000	0	0
POWERSHARES ETF TRUST	DYNAMIC MKT PT	73935X104	4,573	67,000	SH		SOLE	0	67,000	0	0
ISHARES	USA MIN VOL ETF	46429B697	4,649	130,947	SH		SOLE	0	80,000	0	50,947
ISHARES	CNTRY MIN VL ETF	464286525	4,712	74,000	SH		SOLE	0	74,000	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	4,840	87,300	SH		SOLE	1	87,300	0	0
ISHARES	MSCI AC ASIA ETF	464288182	4,945	82,000	SH		SOLE	0	82,000	0	0
ISHARES	HIGH DIVIDND ETF	46429B663	5,128	73,000	SH		SOLE	0	73,000	0	0
ISHARES	EMU ETF	464286608	5,255	127,000	SH		SOLE	1	127,000	0	0
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	5,267	51,983	SH		SOLE	1	51,983	0	0
SPDR SERIES TRUST	S&P INS ETF	78464A789	5,363	85,000	SH		SOLE	0	85,000	0	0
ISHARES	RUSSELL 3000 ETF	464287689	5,411	48,900	SH		SOLE	0	48,900	0	0
ISHARES	SELECT DIVID ETF	464287168	5,439	76,236	SH		SOLE	0	0	0	76,236
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	5,469	452,000	SH		SOLE	0	452,000	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	5,478	54,180	SH		SOLE	0	45,850	0	8,330
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	5,545	87,799	SH		SOLE	1	87,799	0	0
PROSHARES TR	PSHS SHORT DOW30	74347R701	5,877	225,079	SH		SOLE	0	223,600	0	1,479
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,888	49,666	SH		SOLE	0	47,860	0	1,806
ISHARES	U.S. MED DVC ETF	464288810	5,940	64,000	SH		SOLE	0	64,000	0	0
ISHARES	MRNGSTR LG-CP VL	464288109	5,950	74,000	SH		SOLE	0	74,000	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	6,253	125,000	SH		SOLE	0	125,000	0	0
ISHARES	GLOB INDSTRL ETF	464288729	6,284	88,000	SH		SOLE	0	88,000	0	0
ISHARES	U.S. PHARMA ETF	464288836	6,354	53,800	SH		SOLE	0	53,800	0	0
ISHARES	MRNGSTR LG-CP GR	464287119	6,381	64,000	SH		SOLE	0	64,000	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	6,443	127,000	SH		SOLE	1	127,000	0	0
ISHARES	JP MOR EM MK ETF	464288281	6,509	60,182	SH		SOLE	0	37,365	0	22,817
ISHARES	GLOBAL ENERG ETF	464287341	6,706	155,167	SH		SOLE	0	152,600	0	2,567
ISHARES	FLTG RATE BD ETF	46429B655	6,806	134,191	SH		SOLE	1	134,191	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	6,851	85,875	SH		SOLE	0	85,875	0	0
ISHARES	EAFE GRWTH ETF	464288885	6,972	97,539	SH		SOLE	0	0	0	97,539
ISHARES	MRNGSTR LG-CP ET	464287127	7,010	65,000	SH		SOLE	0	65,000	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	7,057	112,000	SH		SOLE	0	112,000	0	0
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	7,125	100,000	SH		SOLE	0	100,000	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	7,319	140,050	SH		SOLE	0	140,050	0	0
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	7,372	255,600	SH		SOLE	0	255,600	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	7,443	92,977	SH		SOLE	0	85,885	0	7,092
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	7,551	89,040	SH		SOLE	1	89,040	0	0
ISHARES	EM MK MINVOL ETF	464286533	7,574	130,000	SH		SOLE	0	130,000	0	0
ISHARES	TIPS BD ETF	464287176	7,600	69,150	SH		SOLE	1	69,150	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	7,607	79,304	SH		SOLE	0	67,830	0	11,474
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	7,858	385,000	SH		SOLE	0	385,000	0	0
ISHARES	NAT AMT FREE BD	464288414	7,942	76,557	SH		SOLE	0	44,775	0	31,782
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	7,965	310,387	SH		SOLE	0	306,800	0	3,587
POWERSHARES GLOBAL ETF TRUST	SOVEREIGN DEBT	73936T573	8,002	296,379	SH		SOLE	0	0	0	296,379
ISHARES	CREDIT BD ETF	464288620	8,149	76,230	SH		SOLE	0	54,850	0	21,380
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,227	99,482	SH		SOLE	0	89,025	0	10,457
ISHARES	RUSSELL 2000 ETF	464287655	8,336	72,261	SH		SOLE	0	55,895	0	16,366
ISHARES	U.S. INSRNCE ETF	464288786	8,337	176,000	SH		SOLE	0	176,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	8,342	167,472	SH		SOLE	0	161,650	0	5,822
ISHARES	INTL SEL DIV ETF	464288448	8,726	230,000	SH		SOLE	0	230,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	8,768	99,063	SH		SOLE	1	99,063	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	8,784	493,765	SH		SOLE	0	308,000	0	185,765
ISHARES	RUS TP200 GR ETF	464289438	9,235	204,500	SH		SOLE	0	204,500	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	9,334	439,231	SH		SOLE	0	406,630	0	32,601
WISDOMTREE TR	EMERG MKTS ETF	97717W315	9,471	185,600	SH		SOLE	1	185,600	0	0
ISHARES	U.S. INDS ETF	464287754	9,732	96,000	SH		SOLE	0	96,000	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	10,073	596,746	SH		SOLE	0	590,562	0	6,184
ISHARES	3-7 YR TR BD ETF	464288661	10,203	85,000	SH		SOLE	85,000	0	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	10,348	183,087	SH		SOLE	1	183,087	0	0
ISHARES	RUS 1000 GRW ETF	464287614	10,481	121,942	SH		SOLE	1	121,942	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	10,884	214,092	SH		SOLE	0	0	0	214,092
ISHARES	CORE TOTUSBD ETF	464287226	10,933	102,727	SH		SOLE	0	90,626	0	12,101
ISHARES	US HLTHCARE ETF	464287762	10,972	94,184	SH		SOLE	0	90,000	0	4,184
ISHARES	GLOBAL 100 ETF	464287572	11,030	142,800	SH		SOLE	1	142,800	0	0
ISHARES	IBOXX INV CP ETF	464287242	11,061	96,866	SH		SOLE	0	89,525	0	7,341
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	11,121	458,608	SH		SOLE	0	458,608	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	11,535	131,134	SH		SOLE	1	131,134	0	0
ISHARES	MSCI EMG MKT ETF	464287234	11,654	278,847	SH		SOLE	0	204,595	0	74,252
ISHARES	MSCI ACWI US ETF	464288240	12,180	260,981	SH		SOLE	0	260,981	0	0
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	12,422	171,383	SH		SOLE	0	165,200	0	6,183
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	12,458	676,300	SH		SOLE	1	676,300	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	12,661	51,847	SH		SOLE	0	45,900	0	5,947
PIMCO ETF TR	TOTL RETN ETF	72201R775	12,663	120,900	SH		SOLE	0	120,900	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	12,721	581,910	SH		SOLE	1	581,910	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	12,960	362,616	SH		SOLE	1	362,616	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	13,286	173,922	SH		SOLE	0	117,985	0	55,937
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	13,754	320,001	SH		SOLE	0	320,000	0	1
ISHARES	MSCI EAFE ETF	464287465	14,003	208,706	SH		SOLE	1	208,706	0	0
ISHARES	S&P 500 VAL ETF	464287408	14,811	173,310	SH		SOLE	0	148,345	0	24,965
SPDR SER TR	SHT TRM HGH YLD	78468R408	15,471	501,475	SH		SOLE	0	501,475	0	0
ISHARES	RUS MD CP GR ETF	464287481	15,736	186,529	SH		SOLE	0	40,000	0	146,529
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	15,955	656,838	SH		SOLE	0	404,035	0	252,803
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	16,261	293,301	SH		SOLE	0	293,300	0	1
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	17,369	275,000	SH		SOLE	0	275,000	0	0
ISHARES	CORE S&P MCP ETF	464287507	17,391	129,969	SH		SOLE	0	29,815	0	100,154
VANGUARD INDEX FDS	SMALL CP ETF	922908751	17,706	161,041	SH		SOLE	0	56,150	0	104,891
ISHARES	CORE S&P500 ETF	464287200	17,893	96,382	SH		SOLE	0	91,065	0	5,317
ISHARES	INTERM CR BD ETF	464288638	18,585	172,273	SH		SOLE	0	154,380	0	17,893
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	18,857	876,274	SH		SOLE	0	274,000	0	602,274
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	18,889	615,466	SH		SOLE	0	615,466	0	0
ISHARES	U.S. PFD STK ETF	464288687	19,402	526,810	SH		SOLE	0	140,775	0	386,035
ISHARES	RUS 1000 VAL ETF	464287598	20,165	214,133	SH		SOLE	0	67,000	0	147,133
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	20,426	496,502	SH		SOLE	0	0	0	496,502
ISHARES	NA TEC-SFTWR ETF	464287515	20,952	255,300	SH		SOLE	0	255,300	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	24,143	475,915	SH		SOLE	0	428,500	0	47,415
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	25,544	339,497	SH		SOLE	1	339,497	0	0
ISHARES	S&P 500 GRWT ETF	464287309	28,346	287,045	SH		SOLE	0	262,040	0	25,005
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	28,949	272,182	SH		SOLE	0	214,995	0	57,187
SPDR S&P 500 ETF TR	TR UNIT	78462F103	28,976	156,890	SH		SOLE	0	150,550	0	6,340
ISHARES	TIPS BD ETF	464287176	29,332	266,893	SH		SOLE	0	265,000	0	1,893
VANGUARD INDEX FDS	GROWTH ETF	922908736	30,462	327,374	SH		SOLE	0	187,865	0	139,509
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	30,598	360,822	SH		SOLE	0	341,090	0	19,732
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	30,778	186,005	SH		SOLE	0	178,946	0	7,059
ISHARES	IBOXX HI YD ETF	464288513	31,140	335,268	SH		SOLE	0	260,570	0	74,698
ISHARES	EMU ETF	464286608	32,368	782,218	SH		SOLE	0	775,200	0	7,018
VANGUARD WORLD FDS	INF TECH ETF	92204A702	32,814	366,478	SH		SOLE	0	182,650	0	183,828
WISDOMTREE TR	EMERG MKTS ETF	97717W315	32,945	645,604	SH		SOLE	0	609,200	0	36,404
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	35,743	607,881	SH		SOLE	0	83,000	0	524,881
PROSHARES TR	PSHS SHRT S&P500	74347R503	36,314	1,439,327	SH		SOLE	0	880,900	0	558,427
ISHARES	GLOBAL 100 ETF	464287572	37,299	482,900	SH		SOLE	0	482,900	0	0
ISHARES	1-3 YR TR BD ETF	464287457	37,913	449,310	SH		SOLE	0	433,600	0	15,710
ISHARES TR	MSCI USA QLT FAC	46432F339	38,395	679,313	SH		SOLE	0	679,313	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	41,241	465,943	SH		SOLE	0	464,830	0	1,113
ISHARES	1-3 YR CR BD ETF	464288646	41,531	393,807	SH		SOLE	0	220,300	0	173,507
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	42,262	2,294,330	SH		SOLE	0	2,294,330	0	0
ISHARES	FLTG RATE BD ETF	46429B655	43,013	848,042	SH		SOLE	0	839,816	0	8,226
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	44,170	2,020,604	SH		SOLE	0	2,019,157	0	1,447
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	46,628	1,304,634	SH		SOLE	0	1,298,630	0	6,004
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	48,059	474,330	SH		SOLE	0	467,515	0	6,815
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	53,790	611,529	SH		SOLE	0	605,020	0	6,509
ISHARES	S&P 100 ETF	464287101	62,274	756,213	SH		SOLE	0	270,000	0	486,213
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	78,711	3,163,633	SH		SOLE	0	1,284,300	0	1,879,333
ISHARES	MSCI EAFE ETF	464287465	86,572	1,290,290	SH		SOLE	0	1,247,130	0	43,160
ISHARES	RUS 1000 GRW ETF	464287614	93,953	1,093,109	SH		SOLE	0	685,040	0	408,069
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	120,520	1,601,812	SH		SOLE	0	1,152,316	0	449,496