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
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	495	2,399	SH		SOLE		0	0	2,399
ISHARES	MSCI HONG KG ETF	464286871	74	3,310	SH		SOLE		0	0	3,310
ISHARES INC	MSCI JPN ETF NEW	46434G822	6,793	131,904	SH		SOLE		0	0	131,904
ISHARES	MSCI EURZONE ETF	464286608	124	3,295	SH		SOLE		0	0	3,295
ISHARES TR	EUROPE ETF	464287861	64	1,538	SH		SOLE		0	0	1,538
ISHARES TR	CORE S&P MCP ETF	464287507	139	814	SH		SOLE		0	0	814
ISHARES TR	CORE S&P SCP ETF	464287804	11,231	162,389	SH		SOLE		0	0	162,389
ISHARES TR	SP SMCP600VL ETF	464287879	4	29	SH		SOLE		0	0	29
ISHARES TR	S&P 500 VAL ETF	464287408	1,241	11,930	SH		SOLE		0	0	11,930
ISHARES TR	CORE S&P500 ETF	464287200	4,643	19,568	SH		SOLE		17,160	0	2,408
ISHARES TR	S&P 500 GRWT ETF	464287309	68	515	SH		SOLE		0	0	515
ISHARES TR	RUS 1000 VAL ETF	464287598	35,768	311,184	SH		SOLE		0	0	311,184
ISHARES TR	RUS 1000 GRW ETF	464287614	938	8,244	SH		SOLE		0	0	8,244
ISHARES TR	CORE S&P VLU ETF	464287663	528	10,455	SH		SOLE		0	0	10,455
ISHARES TR	U.S. REAL ES ETF	464287739	3,570	45,485	SH		SOLE		0	0	45,485
SPDR S&P 500 ETF TR	TR UNIT	78462F103	303	1,285	SH		SOLE		0	0	1,285
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	52	1,008	SH		SOLE		0	0	1,008
ADOBE SYS INC	COM	00724F101	1,627	12,505	SH		SOLE		0	0	12,505
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	361	2,168	SH		SOLE		0	0	2,168
BOEING CO	COM	097023105	35	200	SH		SOLE		0	0	200
CONAGRA BRANDS INC	COM	205887102	16	397	SH		SOLE		0	0	397
ALTRIA GROUP INC	COM	02209S103	113	1,587	SH		SOLE		0	0	1,587
FEDEX CORP	COM	31428X106	1,161	5,951	SH		SOLE		0	0	5,951
HORMEL FOODS CORP	COM	440452100	1,275	36,807	SH		SOLE		0	0	36,807
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	292	6,936	SH		SOLE		0	0	6,936
INTEL CORP	COM	458140100	65	1,800	SH		SOLE		0	0	1,800
ILLINOIS TOOL WKS INC	COM	452308109	19	146	SH		SOLE		0	0	146
ISHARES TR	RUS 2000 GRW ETF	464287648	29	178	SH		SOLE		0	0	178
ORACLE CORP	COM	68389X105	16	348	SH		SOLE		0	0	348
DISNEY WALT CO	COM DISNEY	254687106	6	49	SH		SOLE		0	0	49
HONEYWELL INTL INC	COM	438516106	4	35	SH		SOLE		0	0	35
SHERWIN WILLIAMS CO	COM	824348106	11	34	SH		SOLE		0	0	34
US BANCORP DEL	COM NEW	902973304	2	45	SH		SOLE		0	0	45
JOHNSON & JOHNSON	COM	478160104	469	3,765	SH		SOLE		0	0	3,765
PFIZER INC	COM	717081103	26	763	SH		SOLE		0	0	763
KROGER CO	COM	501044101	1	40	SH		SOLE		0	0	40
ISHARES TR	US OIL EQ&SV ETF	464288844	1,852	44,000	SH		SOLE		0	0	44,000
LOWES COS INC	COM	548661107	151	1,832	SH		SOLE		0	0	1,832
ISHARES TR	MSCI EAFE ETF	464287465	1,059	17,005	SH		SOLE		12,500	0	4,505
AMERISOURCEBERGEN CORP	COM	03073E105	5	53	SH		SOLE		0	0	53
CHEVRON CORP NEW	COM	166764100	399	3,719	SH		SOLE		0	0	3,719
MICROSOFT CORP	COM	594918104	4,720	71,670	SH		SOLE		0	0	71,670
ISHARES TR	LATN AMER 40 ETF	464287390	0	14	SH		SOLE		0	0	14
ISHARES	MSCI PAC JP ETF	464286665	2,592	58,000	SH		SOLE		0	0	58,000
UNITED PARCEL SERVICE INC	CL B	911312106	367	3,423	SH		SOLE		0	0	3,423
AT&T INC	COM	00206R102	403	9,694	SH		SOLE		0	0	9,694
CITIGROUP INC	COM NEW	172967424	16	266	SH		SOLE		0	0	266
CA INC	COM	12673P105	37	1,151	SH		SOLE		0	0	1,151
CISCO SYS INC	COM	17275R102	5	141	SH		SOLE		0	0	141
INTERNATIONAL BUSINESS MACHS	COM	459200101	7	42	SH		SOLE		0	0	42
COCA COLA CO	COM	191216100	16	368	SH		SOLE		0	0	368
LOCKHEED MARTIN CORP	COM	539830109	50	187	SH		SOLE		0	0	187
PEPSICO INC	COM	713448108	339	3,028	SH		SOLE		0	0	3,028
VERIZON COMMUNICATIONS INC	COM	92343V104	13	270	SH		SOLE		0	0	270
SPDR SERIES TRUST	S&P 500 GROWTH	78464A409	38	338	SH		SOLE		0	0	338
ISHARES	MSCI AUST ETF	464286103	5,449	241,000	SH		SOLE		0	0	241,000
ISHARES	MSCI GERMANY ETF	464286806	127	4,424	SH		SOLE		0	0	4,424
ISHARES INC	MSCI ITL ETF NEW	46434G830	7,079	275,000	SH		SOLE		0	0	275,000
ISHARES	MSCI CDA ETF	464286509	592	22,014	SH		SOLE		0	0	22,014
ISHARES TR	RUS MID CAP ETF	464287499	73	390	SH		SOLE		0	0	390
ISHARES TR	RUS MD CP GR ETF	464287481	128	1,231	SH		SOLE		0	0	1,231
ISHARES TR	RUS MDCP VAL ETF	464287473	2	21	SH		SOLE		0	0	21
ISHARES TR	GLOBAL 100 ETF	464287572	2	23	SH		SOLE		0	0	23
ISHARES TR	GLOBAL ENERG ETF	464287341	12,052	363,000	SH		SOLE		0	0	363,000
ISHARES TR	GLOB HLTHCRE ETF	464287325	32,200	313,262	SH		SOLE		0	0	313,262
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	23,907	1,007,454	SH		SOLE		19,200	0	988,254
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	43,170	809,800	SH		SOLE		0	0	809,800
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	5	62	SH		SOLE		0	0	62
ISHARES TR	NASDQ BIOTEC ETF	464287556	3,226	11,000	SH		SOLE		0	0	11,000
ISHARES INC	MSCI MLY ETF NEW	46434G814	1,280	42,000	SH		SOLE		0	0	42,000
ISHARES INC	MSCI SINGPOR ETF	46434G780	776	34,000	SH		SOLE		0	0	34,000
ISHARES INC	MSCI TAIWAN ETF	46434G772	2,274	68,446	SH		SOLE		0	0	68,446
ISHARES	MSCI MEX CAP ETF	464286822	1,075	21,000	SH		SOLE		0	0	21,000
ISHARES	AUSTRIA CAPD ETF	464286202	2,580	142,000	SH		SOLE		0	0	142,000
ISHARES	MSCI SPAN CP ETF	464286764	6,269	206,151	SH		SOLE		0	0	206,151
ISHARES TR	MSCI UK ETF NEW	46435G334	763	23,439	SH		SOLE		0	0	23,439
ISHARES TR	U.S. FIN SVC ETF	464287770	6,764	62,000	SH		SOLE		0	0	62,000
ISHARES	MSCI STH KOR ETF	464286772	1,794	29,000	SH		SOLE		0	0	29,000
TIME WARNER INC	COM NEW	887317303	9	94	SH		SOLE		0	0	94
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	59,905	666,050	SH		SOLE		0	0	666,050
AMETEK INC NEW	COM	031100100	37	675	SH		SOLE		0	0	675
BANK AMER CORP	COM	060505104	39	1,650	SH		SOLE		0	0	1,650
STARBUCKS CORP	COM	855244109	1,332	22,810	SH		SOLE		0	0	22,810
ANALOG DEVICES INC	COM	032654105	26	316	SH		SOLE		0	0	316
AUTOMATIC DATA PROCESSING IN	COM	053015103	16	154	SH		SOLE		0	0	154
EXXON MOBIL CORP	COM	30231G102	417	5,082	SH		SOLE		0	0	5,082
AFLAC INC	COM	001055102	13	179	SH		SOLE		0	0	179
WAL-MART STORES INC	COM	931142103	1	20	SH		SOLE		0	0	20
UNION PAC CORP	COM	907818108	55	518	SH		SOLE		0	0	518
TEXAS INSTRS INC	COM	882508104	4	48	SH		SOLE		0	0	48
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	5	156	SH		SOLE		0	0	156
TARGET CORP	COM	87612E106	3	60	SH		SOLE		0	0	60
COSTCO WHSL CORP NEW	COM	22160K105	56	332	SH		SOLE		0	0	332
CVS HEALTH CORP	COM	126650100	1,000	12,741	SH		SOLE		0	0	12,741
DIAGEO P L C	SPON ADR NEW	25243Q205	327	2,832	SH		SOLE		0	0	2,832
SCHLUMBERGER LTD	COM	806857108	82	1,049	SH		SOLE		0	0	1,049
DANAHER CORP DEL	COM	235851102	28	331	SH		SOLE		0	0	331
MERCK & CO INC	COM	58933Y105	14	223	SH		SOLE		0	0	223
FIFTH THIRD BANCORP	COM	316773100	2	79	SH		SOLE		0	0	79
PROCTER AND GAMBLE CO	COM	742718109	21	232	SH		SOLE		0	0	232
GENERAL ELECTRIC CO	COM	369604103	9	310	SH		SOLE		0	0	310
GILEAD SCIENCES INC	COM	375558103	17	250	SH		SOLE		0	0	250
GOLDMAN SACHS GROUP INC	COM	38141G104	9	38	SH		SOLE		0	0	38
HOME DEPOT INC	COM	437076102	39	264	SH		SOLE		0	0	264
INGERSOLL-RAND PLC	SHS	G47791101	3	42	SH		SOLE		0	0	42
MCDONALDS CORP	COM	580135101	9	66	SH		SOLE		0	0	66
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	54	938	SH		SOLE		0	0	938
TJX COS INC NEW	COM	872540109	5	66	SH		SOLE		0	0	66
PRICELINE GRP INC	COM NEW	741503403	23	13	SH		SOLE		0	0	13
WELLS FARGO & CO NEW	COM	949746101	150	2,693	SH		SOLE		0	0	2,693
ISHARES TR	1-3 YR TR BD ETF	464287457	12,607	149,165	SH		SOLE		86,115	0	63,050
ISHARES TR	7-10YR TR BD ETF	464287440	9,806	92,868	SH		SOLE		0	0	92,868
ISHARES TR	20 YR TR BD ETF	464287432	2,354	19,500	SH		SOLE		19,500	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	5	43	SH		SOLE		0	0	43
CORNING INC	COM	219350105	3	118	SH		SOLE		0	0	118
FISERV INC	COM	337738108	81	700	SH		SOLE		0	0	700
FORD MTR CO DEL	COM PAR $0.01	345370860	65	5,619	SH		SOLE		0	0	5,619
UNITEDHEALTH GROUP INC	COM	91324P102	1,216	7,415	SH		SOLE		0	0	7,415
TEMPLETON GLOBAL INCOME FD	COM	880198106	974	146,395	SH		SOLE		0	0	146,395
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	8	69	SH		SOLE		0	0	69
UNITED TECHNOLOGIES CORP	COM	913017109	10	92	SH		SOLE		0	0	92
3M CO	COM	88579Y101	343	1,790	SH		SOLE		0	0	1,790
COMCAST CORP NEW	CL A	20030N101	19	500	SH		SOLE		0	0	500
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	51,019	420,533	SH		SOLE		0	0	420,533
TEXTRON INC	COM	883203101	4	81	SH		SOLE		0	0	81
SMUCKER J M CO	COM NEW	832696405	259	1,975	SH		SOLE		0	0	1,975
NORFOLK SOUTHERN CORP	COM	655844108	14	126	SH		SOLE		0	0	126
WELLTOWER INC	COM	95040Q104	45	630	SH		SOLE		0	0	630
NEXTERA ENERGY INC	COM	65339F101	17	133	SH		SOLE		0	0	133
APPLE INC	COM	037833100	1,974	13,742	SH		SOLE		0	0	13,742
ALLSTATE CORP	COM	020002101	1,347	16,530	SH		SOLE		0	0	16,530
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	6,613	47,018	SH		SOLE		0	0	47,018
INTL PAPER CO	COM	460146103	1,458	28,721	SH		SOLE		0	0	28,721
ISHARES TR	MSCI EMG MKT ETF	464287234	392	9,958	SH		SOLE		0	0	9,958
PPL CORP	COM	69351T106	0	6	SH		SOLE		0	0	6
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	21	209	SH		SOLE		0	0	209
ELECTRONIC ARTS INC	COM	285512109	17	190	SH		SOLE		0	0	190
COACH INC	COM	189754104	1,227	29,690	SH		SOLE		0	0	29,690
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	21,989	242,115	SH		SOLE		0	0	242,115
CELGENE CORP	COM	151020104	67	541	SH		SOLE		0	0	541
CHUBB LIMITED	COM	H1467J104	4	26	SH		SOLE		0	0	26
EQUIFAX INC	COM	294429105	97	711	SH		SOLE		0	0	711
DEVON ENERGY CORP NEW	COM	25179M103	28	682	SH		SOLE		0	0	682
HALLIBURTON CO	COM	406216101	4	73	SH		SOLE		0	0	73
ECOLAB INC	COM	278865100	96	768	SH		SOLE		0	0	768
ISHARES TR	PHLX SEMICND ETF	464287523	8,624	63,000	SH		SOLE		0	0	63,000
ISHARES TR	S&P 100 ETF	464287101	28,655	273,690	SH		SOLE		0	0	273,690
AMERICAN EXPRESS CO	COM	025816109	7	84	SH		SOLE		0	0	84
BOISE CASCADE CO DEL	COM	09739D100	5	200	SH		SOLE		0	0	200
GENERAL MLS INC	COM	370334104	308	5,216	SH		SOLE		0	0	5,216
NATIONAL OILWELL VARCO INC	COM	637071101	421	10,500	SH		SOLE		0	0	10,500
NIPPON TELEG TEL CORP	SPONSORED ADR	654624105	3	75	SH		SOLE		0	0	75
DOW CHEM CO	COM	260543103	137	2,155	SH		SOLE		0	0	2,155
GENERAL DYNAMICS CORP	COM	369550108	22	117	SH		SOLE		0	0	117
ALLERGAN PLC	SHS	G0177J108	12	49	SH		SOLE		0	0	49
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	20,053	504,869	SH		SOLE		32,000	0	472,869
PAYCHEX INC	COM	704326107	15	253	SH		SOLE		0	0	253
NORTHROP GRUMMAN CORP	COM	666807102	7	31	SH		SOLE		0	0	31
ISHARES TR	MSCI AC ASIA ETF	464288182	6,539	103,885	SH		SOLE		0	0	103,885
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	999	4	SH		SOLE		0	0	4
ANNALY CAP MGMT INC	COM	035710409	0	1	SH		SOLE		0	0	1
ROCKWELL COLLINS INC	COM	774341101	14	142	SH		SOLE		0	0	142
ROCKWELL AUTOMATION INC	COM	773903109	19	124	SH		SOLE		0	0	124
PNC FINL SVCS GROUP INC	COM	693475105	11	89	SH		SOLE		0	0	89
MYLAN N V	SHS EURO	N59465109	793	20,327	SH		SOLE		0	0	20,327
CME GROUP INC	COM	12572Q105	6	50	SH		SOLE		0	0	50
ISHARES TR	CORE US AGGBD ET	464287226	15,930	146,837	SH		SOLE		115,626	0	31,211
W P CAREY INC	COM	92936U109	312	5,016	SH		SOLE		0	0	5,016
ISHARES TR	TIPS BD ETF	464287176	66,583	580,752	SH		SOLE		95,048	0	485,704
ROYCE VALUE TR INC	COM	780910105	2,726	194,715	SH		SOLE		0	0	194,715
CARNIVAL CORP	UNIT 99/99/9999	143658300	12	200	SH		SOLE		0	0	200
CLOROX CO DEL	COM	189054109	360	2,668	SH		SOLE		0	0	2,668
AIR PRODS & CHEMS INC	COM	009158106	12	90	SH		SOLE		0	0	90
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	13	470	SH		SOLE		0	0	470
BIO TECHNE CORP	COM	09073M104	41	400	SH		SOLE		0	0	400
MERITOR INC	COM	59001K100	1	34	SH		SOLE		0	0	34
TIFFANY & CO NEW	COM	886547108	1,452	15,239	SH		SOLE		0	0	15,239
FREEPORT-MCMORAN INC	CL B	35671D857	805	60,246	SH		SOLE		0	0	60,246
V F CORP	COM	918204108	407	7,403	SH		SOLE		0	0	7,403
TRAVELERS COMPANIES INC	COM	89417E109	6	51	SH		SOLE		0	0	51
HARRIS CORP DEL	COM	413875105	14	129	SH		SOLE		0	0	129
PRICE T ROWE GROUP INC	COM	74144T108	346	5,075	SH		SOLE		0	0	5,075
SNAP ON INC	COM	833034101	84	500	SH		SOLE		0	0	500
FACTSET RESH SYS INC	COM	303075105	11	64	SH		SOLE		0	0	64
BECTON DICKINSON & CO	COM	075887109	18	99	SH		SOLE		0	0	99
ENTERPRISE PRODS PARTNERS L	COM	293792107	89	3,228	SH		SOLE		0	0	3,228
METLIFE INC	COM	59156R108	352	6,666	SH		SOLE		0	0	6,666
YUM BRANDS INC	COM	988498101	16	252	SH		SOLE		0	0	252
AMPHENOL CORP NEW	CL A	032095101	70	986	SH		SOLE		0	0	986
ALLIANCE DATA SYSTEMS CORP	COM	018581108	25	100	SH		SOLE		0	0	100
MDU RES GROUP INC	COM	552690109	306	11,198	SH		SOLE		0	0	11,198
LIBERTY PPTY TR	SH BEN INT	531172104	15	400	SH		SOLE		0	0	400
ALPHABET INC	CAP STK CL A	02079K305	1,024	1,208	SH		SOLE		0	0	1,208
CBRE CLARION GLOBAL REAL EST	COM	12504G100	2,531	338,827	SH		SOLE		0	0	338,827
SPDR GOLD TRUST	GOLD SHS	78463V107	23	196	SH		SOLE		0	0	196
GROUPE CGI INC	CL A SUB VTG	39945C109	5	99	SH		SOLE		0	0	99
MERCURY GENL CORP NEW	COM	589400100	358	5,875	SH		SOLE		0	0	5,875
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	17,059	269,579	SH		SOLE		0	0	269,579
VANGUARD WORLD FDS	ENERGY ETF	92204A306	3	26	SH		SOLE		0	0	26
VANGUARD INDEX FDS	VALUE ETF	922908744	22,977	240,920	SH		SOLE		17,105	0	223,815
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	54	391	SH		SOLE		0	0	391
VANGUARD INDEX FDS	MID CAP ETF	922908629	1	4	SH		SOLE		0	0	4
VANGUARD INDEX FDS	REIT ETF	922908553	819	9,921	SH		SOLE		0	0	9,921
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	3	24	SH		SOLE		0	0	24
CANADIAN NATL RY CO	COM	136375102	9	126	SH		SOLE		0	0	126
VANGUARD INDEX FDS	SMALL CP ETF	922908751	58	434	SH		SOLE		0	0	434
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,103	17,289	SH		SOLE		4,000	0	13,289
POWERSHARES ETF TRUST	DYN PHRMA PORT	73935X799	0	0	SH		SOLE		0	0	0
BLACKROCK MUNIYIELD ARIZ FD	COM	09254K109	29	2,000	SH		SOLE		0	0	2,000
EATON VANCE TAX ADVT DIV INC	COM	27828G107	24	1,141	SH		SOLE		0	0	1,141
HALCON RES CORP	COM PAR NEW	40537Q605	1	124	SH		SOLE		0	0	124
REPUBLIC SVCS INC	COM	760759100	1,557	24,792	SH		SOLE		0	0	24,792
EATON VANCE TX ADV GLBL DIV	COM	27828S101	19	1,239	SH		SOLE		0	0	1,239
EATON VANCE TAX MNGED BUY WR	COM	27828X100	20	1,241	SH		SOLE		0	0	1,241
BAIDU INC	SPON ADR REP A	056752108	2	12	SH		SOLE		0	0	12
TUCOWS INC	COM NEW	898697206	2,237	43,813	SH		SOLE		0	0	43,813
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	2,851	261,107	SH		SOLE		78,416	0	182,691
WINDSTREAM HLDGS INC	COM NEW	97382A200	5	1,000	SH		SOLE		0	0	1,000
NASDAQ INC	COM	631103108	4	61	SH		SOLE		0	0	61
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	0	0	SH		SOLE		0	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	7	125	SH		SOLE		0	0	125
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	43	712	SH		SOLE		0	0	712
PVH CORP	COM	693656100	1,187	11,473	SH		SOLE		0	0	11,473
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	2	22	SH		SOLE		0	0	22
ABB LTD	SPONSORED ADR	000375204	298	12,733	SH		SOLE		0	0	12,733
GRANITE CONSTR INC	COM	387328107	50	1,000	SH		SOLE		0	0	1,000
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	993	64,064	SH		SOLE		0	0	64,064
UNITED CONTL HLDGS INC	COM	910047109	71	1,005	SH		SOLE		0	0	1,005
THERMO FISHER SCIENTIFIC INC	COM	883556102	62	406	SH		SOLE		0	0	406
FIDELITY NATL INFORMATION SV	COM	31620M106	83	1,037	SH		SOLE		0	0	1,037
ISHARES TR	EAFE VALUE ETF	464288877	96,999	1,928,405	SH		SOLE		16,000	0	1,912,405
ISHARES TR	EAFE GRWTH ETF	464288885	47	683	SH		SOLE		0	0	683
VANGUARD WORLD FDS	TELCOMM ETF	92204A884	2	25	SH		SOLE		0	0	25
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	28,504	1,874,000	SH		SOLE		0	0	1,874,000
RYDEX ETF TRUST	GUGGENHM S&P 500	78355W205	1,610	9,640	SH		SOLE		0	0	9,640
VANGUARD WORLD FDS	INF TECH ETF	92204A702	30,806	227,135	SH		SOLE		0	0	227,135
SPDR SERIES TRUST	S&P BIOTECH	78464A870	1,595	23,000	SH		SOLE		0	0	23,000
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	3	20	SH		SOLE		0	0	20
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	3	23	SH		SOLE		0	0	23
RYDEX ETF TRUST	GUG S&P SC600 PV	78355W700	4,697	68,528	SH		SOLE		0	0	68,528
RELX PLC	SPONSORED ADR	759530108	5	260	SH		SOLE		0	0	260
SPDR SER TR	NUVEEN BLMBRG SR	78468R739	6,153	127,033	SH		SOLE		42,533	0	84,500
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	3,193	140,000	SH		SOLE		0	0	140,000
BARCLAYS BK PLC	DJUBS CMDT ETN36	06738C778	5,000	212,592	SH		SOLE		0	0	212,592
KITE RLTY GROUP TR	COM NEW	49803T300	38	1,770	SH		SOLE		0	0	1,770
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	41,649	807,616	SH		SOLE		0	0	807,616
CDN IMPERIAL BK COMM TORONTO	COM	136069101	331	3,834	SH		SOLE		0	0	3,834
ISHARES TR	U.S. INSRNCE ETF	464288786	6,516	107,500	SH		SOLE		0	0	107,500
WISDOMTREE TR	EUROPE SMCP DV	97717W869	6,674	113,000	SH		SOLE		0	0	113,000
ISHARES TR	U.S. MED DVC ETF	464288810	6,511	43,000	SH		SOLE		0	0	43,000
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189F361	7,123	233,013	SH		SOLE		60,755	0	172,258
WISDOMTREE TR	INTL EQUITY FD	97717W703	9,799	197,037	SH		SOLE		0	0	197,037
WISDOMTREE TR	GLB US QTLY DIV	97717W844	366	7,297	SH		SOLE		0	0	7,297
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	1,177	23,245	SH		SOLE		0	0	23,245
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	5,547	56,870	SH		SOLE		0	0	56,870
WISDOMTREE TR	SMALLCAP DIVID	97717W604	1,407	17,451	SH		SOLE		0	0	17,451
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	73	314	SH		SOLE		0	0	314
ISHARES TR	CORE S&P TTL STK	464287150	2,344	43,377	SH		SOLE		0	0	43,377
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	689	6,378	SH		SOLE		0	0	6,378
MUELLER WTR PRODS INC	COM SER A	624758108	73	6,197	SH		SOLE		0	0	6,197
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	337	16,255	SH		SOLE		0	0	16,255
COSTAR GROUP INC	COM	22160N109	849	4,098	SH		SOLE		0	0	4,098
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	37	1,766	SH		SOLE		0	0	1,766
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	70	6,022	SH		SOLE		0	0	6,022
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	19	164	SH		SOLE		0	0	164
EATON VANCE TAX MNGD GBL DV	COM	27829F108	7,820	917,801	SH		SOLE		0	0	917,801
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	147	3,357	SH		SOLE		0	0	3,357
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	43,055	900,161	SH		SOLE		0	0	900,161
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	3	115	SH		SOLE		0	0	115
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	16	870	SH		SOLE		0	0	870
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	42,935	729,443	SH		SOLE		0	0	729,443
ISHARES TR	SHRT TRS BD ETF	464288679	0	2	SH		SOLE		0	0	2
ISHARES TR	IBOXX HI YD ETF	464288513	14,136	161,043	SH		SOLE		101,080	0	59,963
ISHARES TR	US CREDIT BD ETF	464288620	3,677	33,453	SH		SOLE		33,450	0	3
ISHARES TR	1-3 YR CR BD ETF	464288646	44,047	418,579	SH		SOLE		0	0	418,579
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	33,519	420,454	SH		SOLE		0	0	420,454
MORGAN STANLEY CHINA A SH FD	COM	617468103	3,395	176,656	SH		SOLE		0	0	176,656
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	246	2,946	SH		SOLE		0	0	2,946
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	33,822	417,148	SH		SOLE		107,385	0	309,763
ISHARES TR	MSCI KLD400 SOC	464288570	510	5,873	SH		SOLE		0	0	5,873
CLAYMORE EXCHANGE TRD FD TR	GUGG S&P SPINOFF	18383M605	5,097	111,000	SH		SOLE		0	0	111,000
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	3,798	111,358	SH		SOLE		0	0	111,358
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463X301	20,999	244,000	SH		SOLE		0	0	244,000
ISHARES TR	U.S. PFD STK ETF	464288687	9,226	238,409	SH		SOLE		66,775	0	171,634
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	682	5,646	SH		SOLE		0	0	5,646
BANK NEW YORK MELLON CORP	COM	064058100	1,409	29,836	SH		SOLE		0	0	29,836
ISHARES TR	INTL SEL DIV ETF	464288448	565	17,949	SH		SOLE		0	0	17,949
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	8,018	196,284	SH		SOLE		0	0	196,284
ISHARES TR	3-7 YR TR BD ETF	464288661	16,782	136,383	SH		SOLE		41,200	0	95,183
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	20,448	249,213	SH		SOLE		0	0	249,213
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	2,313	29,782	SH		SOLE		17,000	0	12,782
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	236	6,005	SH		SOLE		0	0	6,005
ISHARES TR	NATIONAL MUN ETF	464288414	6,701	61,501	SH		SOLE		31,275	0	30,226
SPDR SER TR	NUVEEN BRC MUNIC	78468R721	1,519	31,699	SH		SOLE		0	0	31,699
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	22	415	SH		SOLE		0	0	415
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	48	4,800	SH		SOLE		0	0	4,800
ISHARES TR	MTG REL ETF NEW	46435G342	198	4,369	SH		SOLE		0	0	4,369
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	2,258	22,000	SH		SOLE		0	0	22,000
CLAYMORE EXCHANGE TRD FD TR	GUGG MSCI GB ETF	18383Q879	4,428	168,127	SH		SOLE		0	0	168,127
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	51,941	1,787,361	SH		SOLE		217,561	0	1,569,800
ISHARES TR	JP MOR EM MK ETF	464288281	15,432	135,722	SH		SOLE		50,350	0	85,372
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	19	495	SH		SOLE		0	0	495
SPDR SERIES TRUST	BLMBRG BR 1 3 MT	78464A680	0	7	SH		SOLE		0	0	7
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	2,284	88,000	SH		SOLE		88,000	0	0
ISHARES	MSCI CH CAP ETF	464286640	566	13,000	SH		SOLE		0	0	13,000
ISHARES TR	INTL DEV RE ETF	464288489	3,278	119,357	SH		SOLE		0	0	119,357
POWERSHARES ETF TR II	DEV MKTS EX-US	73936T789	2,311	57,654	SH		SOLE		0	0	57,654
ISHARES TR	INTERM CR BD ETF	464288638	9,363	85,927	SH		SOLE		85,380	0	547
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	6,790	183,854	SH		SOLE		0	0	183,854
FIRST TR EXCHANGE TRADED FD	FINLS ALPHADEX	33734X135	11,939	431,000	SH		SOLE		0	0	431,000
POWERSHARES ETF TRUST II	DWA EMKT MOM PTF	73936Q207	4,100	250,000	SH		SOLE		0	0	250,000
POWERSHARES GLOBAL ETF FD	S&P 500 BUYWRT	73936G308	220	9,960	SH		SOLE		0	0	9,960
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	1	10	SH		SOLE		0	0	10
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	12,882	187,980	SH		SOLE		0	0	187,980
POWERSHARES ETF TR II	EMER MRKT PORT	73936T763	48,570	2,448,092	SH		SOLE		0	0	2,448,092
VISA INC	COM CL A	92826C839	1,417	15,946	SH		SOLE		0	0	15,946
SPDR SERIES TRUST	CITI INT GVT ETF	78464A490	3,490	63,675	SH		SOLE		63,675	0	0
ISHARES	MSCI ISR CAP ETF	464286632	2,204	43,000	SH		SOLE		0	0	43,000
ISHARES TR	MSCI ACWI EX US	464288240	417	9,556	SH		SOLE		0	0	9,556
FIRST TR EXCHANGE TRADED FD	US EQTY OPPT ETF	336920103	5,049	88,000	SH		SOLE		0	0	88,000
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	48	595	SH		SOLE		0	0	595
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	2,074	120,000	SH		SOLE		0	0	120,000
ISHARES TR	CALIF MUN BD ETF	464288356	381	3,279	SH		SOLE		0	0	3,279
POWERSHARES ETF TR II	PFD PORTFOLIO	73936T565	1,315	88,701	SH		SOLE		88,700	0	1
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	5,570	296,136	SH		SOLE		0	0	296,136
POWERSHARES ETF TR II	CALI MUNI ETF	73936T441	297	11,704	SH		SOLE		0	0	11,704
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	322	5,448	SH		SOLE		0	0	5,448
RYDEX ETF TRUST	GUG S&P500EQWTFI	78355W858	237	6,298	SH		SOLE		0	0	6,298
ISHARES TR	MSCI ACWI ETF	464288257	8,136	128,612	SH		SOLE		0	0	128,612
FIDELITY	CONSMR STAPLES	316092303	148	4,516	SH		SOLE		0	0	4,516
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	97	3,321	SH		SOLE		0	0	3,321
ISHARES	GRWT ALLOCAT ETF	464289867	0	1	SH		SOLE		0	0	1
ISHARES TR	SHRT NAT MUN ETF	464288158	3,470	32,862	SH		SOLE		0	0	32,862
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,161	94,483	SH		SOLE		94,483	0	0
PROSHARES TR	MSCI EMRG ETF	74347X302	3	50	SH		SOLE		0	0	50
PROSHARES TR	PSHS LC COR PLUS	74347R248	5,415	92,725	SH		SOLE		0	0	92,725
PIMCO ETF TR	1-5 US TIP IDX	72201R205	50,271	951,566	SH		SOLE		71,372	0	880,194
VERISK ANALYTICS INC	COM	92345Y106	53	650	SH		SOLE		0	0	650
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	61,639	606,381	SH		SOLE		210,922	0	395,459
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,870	50,300	SH		SOLE		0	0	50,300
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	806	26,974	SH		SOLE		0	0	26,974
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	0	5	SH		SOLE		0	0	5
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	530	6,647	SH		SOLE		0	0	6,647
INDEXIQ ETF TR	IQ MRGR ARB ETF	45409B800	80	2,675	SH		SOLE		0	0	2,675
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	412	6,537	SH		SOLE		0	0	6,537
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	2,913	58,632	SH		SOLE		0	0	58,632
PIMCO ETF TR	INTER MUN BD ACT	72201R866	311	5,875	SH		SOLE		0	0	5,875
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,153	41,000	SH		SOLE		41,000	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	661	27,593	SH		SOLE		0	0	27,593
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	14	216	SH		SOLE		0	0	216
SPDR SERIES TRUST	BLOMBERG BRC SRT	78464A474	9,443	308,482	SH		SOLE		0	0	308,482
ISHARES	MSCI EURO FL ETF	464289180	24,085	1,185,275	SH		SOLE		0	0	1,185,275
PIMCO ETF TR	SHTRM MUN BD ACT	72201R874	273	5,454	SH		SOLE		0	0	5,454
POWERSHARES ETF TRUST II	CEF INC COMPST	73936Q843	7,660	331,590	SH		SOLE		0	0	331,590
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	5,689	112,744	SH		SOLE		0	0	112,744
NXP SEMICONDUCTORS N V	COM	N6596X109	12	115	SH		SOLE		0	0	115
ALPS ETF TR	ALERIAN MLP	00162Q866	11,636	915,466	SH		SOLE		99,500	0	815,966
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	4,038	72,716	SH		SOLE		0	0	72,716
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	1,402	35,802	SH		SOLE		35,500	0	302
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	6,697	157,500	SH		SOLE		0	0	157,500
ISHARES INC	MSCI RUS ETF NEW	46434G798	7,147	222,500	SH		SOLE		0	0	222,500
GENERAL MTRS CO	COM	37045V100	8	235	SH		SOLE		0	0	235
ISHARES TR	0-5 YR TIPS ETF	46429B747	6	58	SH		SOLE		0	0	58
POWERSHARES ETF TRUST II	KBW YIELD REIT	73936Q819	81	2,137	SH		SOLE		0	0	2,137
PROSHARES TR	RAFI LG SHT FD	74347X310	76	1,967	SH		SOLE		0	0	1,967
WISDOMTREE TR	FUTRE STRAT FD	97717W125	11,317	284,345	SH		SOLE		0	0	284,345
ADVISORSHARES TR	RANGER EQUITY BE	00768Y883	28	3,210	SH		SOLE		0	0	3,210
VANGUARD STAR FD	VG TL INTL STK F	921909768	1,808	36,398	SH		SOLE		0	0	36,398
SPDR INDEX SHS FDS	S&P EM MKT DIV	78463X533	40,411	1,375,000	SH		SOLE		0	0	1,375,000
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	46,474	1,998,021	SH		SOLE		698,550	0	1,299,471
ISHARES TR	CORE HIGH DV ETF	46429B663	6,870	81,928	SH		SOLE		0	0	81,928
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	2	126	SH		SOLE		0	0	126
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	19	434	SH		SOLE		0	0	434
DBX ETF TR	XTRAK MSCI EAFE	233051200	35,501	1,199,758	SH		SOLE		0	0	1,199,758
DBX ETF TR	XTRAK MSCI JAPN	233051507	29	764	SH		SOLE		0	0	764
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	13,554	134,123	SH		SOLE		56,295	0	77,828
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	2,297	44,349	SH		SOLE		0	0	44,349
DUNKIN BRANDS GROUP INC	COM	265504100	1,124	20,563	SH		SOLE		0	0	20,563
HORIZON PHARMA PLC	SHS	G4617B105	3	227	SH		SOLE		0	0	227
ISHARES	EM MKT SM-CP ETF	464286475	4,558	98,720	SH		SOLE		0	0	98,720
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	18,894	641,561	SH		SOLE		0	0	641,561
PROSHARES TR II	SHT VIX ST TRM	74347W627	565	4,000	SH		SOLE		0	0	4,000
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	526	11,795	SH		SOLE		0	0	11,795
ISHARES TR	MIN VOL USA ETF	46429B697	218	4,573	SH		SOLE		0	0	4,573
ISHARES TR	MIN VOL EAFE ETF	46429B689	8,710	131,973	SH		SOLE		0	0	131,973
ISHARES	MIN VOL GBL ETF	464286525	926	12,011	SH		SOLE		0	0	12,011
ISHARES	MIN VOL EMRG MKT	464286533	3,220	60,188	SH		SOLE		0	0	60,188
ISHARES	EM MKTS CURR ETF	464286517	2,381	52,400	SH		SOLE		52,400	0	0
ISHARES	MSCI FRNTR100ETF	464286145	2,080	75,000	SH		SOLE		0	0	75,000
PHILLIPS 66	COM	718546104	24	303	SH		SOLE		0	0	303
ISHARES	GLB AGRIC PR ETF	464286350	255	9,777	SH		SOLE		0	0	9,777
ISHARES TR	MSCI INDIA ETF	46429B598	2,013	63,937	SH		SOLE		0	0	63,937
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	44,402	421,588	SH		SOLE		59,909	0	361,679
VANTIV INC	CL A	92210H105	16	250	SH		SOLE		0	0	250
SPDR SER TR	BLOOMBERG SRT TR	78468R408	11,692	418,159	SH		SOLE		216,775	0	201,384
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2019 E	18383M522	2,027	95,457	SH		SOLE		0	0	95,457
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2018 E	18383M530	11	517	SH		SOLE		0	0	517
FACEBOOK INC	CL A	30303M102	28	200	SH		SOLE		0	0	200
VANECK VECTORS ETF TR	INTL HIGH YIELD	92189F445	1,855	75,500	SH		SOLE		0	0	75,500
SERVICENOW INC	COM	81762P102	27	310	SH		SOLE		0	0	310
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	10,228	322,663	SH		SOLE		0	0	322,663
INDEXIQ ETF TR	US RL EST SMCP	45409B628	23	849	SH		SOLE		0	0	849
VANECK VECTORS ETF TR	RETAIL ETF	92189F684	2,291	29,000	SH		SOLE		0	0	29,000
VANECK VECTORS ETF TR	MORNINGSTAR WIDE	92189F643	10,712	285,413	SH		SOLE		0	0	285,413
ISHARES INC	CORE MSCI EMKT	46434G103	26,612	556,845	SH		SOLE		0	0	556,845
ISHARES TR	CORE MSCITOTAL	46432F834	22,476	410,512	SH		SOLE		0	0	410,512
ISHARES TR	CORE MSCI EAFE	46432F842	15,992	275,963	SH		SOLE		0	0	275,963
ISHARES TR	CORE ST USDB ETF	46432F859	1,555	31,016	SH		SOLE		0	0	31,016
ABBVIE INC	COM	00287Y109	1,042	15,992	SH		SOLE		0	0	15,992
FIRST TR EXCH TRD ALPHA FD I	EUROPE ALPHADEX	33737J117	5,751	180,000	SH		SOLE		0	0	180,000
PIMCO DYNMIC CREDIT AND MRT	COM SHS	72202D106	4,178	194,885	SH		SOLE		0	0	194,885
SPDR SER TR	SSGA US SMAL ETF	78468R887	26	279	SH		SOLE		0	0	279
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	13,677	287,704	SH		SOLE		82,500	0	205,204
COLUMBIA ETF TR II	BEYOND BRICS ETF	19762B103	2,779	173,561	SH		SOLE		0	0	173,561
ISHARES TR	USA MOMENTUM FCT	46432F396	33,615	406,718	SH		SOLE		0	0	406,718
WISDOMTREE TR	US QTLY DIV GRT	97717X669	811	22,849	SH		SOLE		0	0	22,849
VANGUARD WHITEHALL FDS INC	EMERG MKT BD ETF	921946885	611	7,667	SH		SOLE		0	0	7,667
FLEXSHARES TR	INTL QLTDV IDX	33939L837	904	37,183	SH		SOLE		0	0	37,183
ISHARES TR	USA VALUE FACTOR	46432F388	55,994	765,786	SH		SOLE		0	0	765,786
EXCHANGE LISTED FDS TR	HRZN S&P500 CV C	30151E103	310	6,556	SH		SOLE		0	0	6,556
SCHWAB STRATEGIC TR	SCHWB FDT EMK LG	808524730	5,106	193,195	SH		SOLE		0	0	193,195
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	2,652	98,954	SH		SOLE		0	0	98,954
ISHARES TR	USA QUALITY FCTR	46432F339	80,114	1,100,466	SH		SOLE		0	0	1,100,466
ISHARES U S ETF TR	SHT MAT BD ETF	46431W507	2	40	SH		SOLE		0	0	40
FLEXSHARES TR	STOXX GLOBR INF	33939L795	12,032	263,394	SH		SOLE		0	0	263,394
DBX ETF TR	DB XTR MSCI EUR	233051853	3,004	111,000	SH		SOLE		0	0	111,000
GLOBAL NET LEASE INC	COM NEW	379378201	8	313	SH		SOLE		0	0	313
FIDELITY	MSCI ENERGY IDX	316092402	4,220	215,000	SH		SOLE		0	0	215,000
FIDELITY	MSCI HLTH CARE I	316092600	272	7,628	SH		SOLE		0	0	7,628
FIDELITY	MSCI INFO TECH I	316092808	2,922	71,000	SH		SOLE		0	0	71,000
TWITTER INC	COM	90184L102	24	1,600	SH		SOLE		0	0	1,600
DBX ETF TR	DBXTR HAR CS 300	233051879	1,257	50,000	SH		SOLE		0	0	50,000
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	27	1,347	SH		SOLE		0	0	1,347
FLEXSHARES TR	GLB QLT R/E IDX	33939L787	32	563	SH		SOLE		0	0	563
WISDOMTREE TR	BLMBG US BULL	97717W471	5	188	SH		SOLE		0	0	188
FIDELITY	MSCI FINLS IDX	316092501	6,245	177,657	SH		SOLE		0	0	177,657
ISHARES TR	HDG MSCI JAPAN	46434V886	6,058	216,133	SH		SOLE		0	0	216,133
ISHARES TR	IBONDS SEP19 ETF	46429B564	206	8,078	SH		SOLE		0	0	8,078
ISHARES TR	HDG MSCI EAFE	46434V803	196	7,118	SH		SOLE		0	0	7,118
ALPHABET INC	CAP STK CL C	02079K107	7	8	SH		SOLE		0	0	8
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	3,661	166,100	SH		SOLE		0	0	166,100
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	6,475	254,433	SH		SOLE		0	0	254,433
NOW INC	COM	67011P100	1,427	84,158	SH		SOLE		0	0	84,158
ISHARES TR	CORE MSCI EURO	46434V738	1,362	30,970	SH		SOLE		0	0	30,970
J P MORGAN EXCHANGE TRADED F	DIV RTN GLB EQ	46641Q100	1,291	23,687	SH		SOLE		0	0	23,687
FIRST TR EXCHANGE TRADED FD	DORSEY WRIGHT	33738R886	6,558	343,000	SH		SOLE		0	0	343,000
FIDELITY	TOTAL BD ETF	316188309	24,415	489,963	SH		SOLE		0	0	489,963
POWERSHARES ACT MANG COMM FD	OPT YLD DIV	73937V106	148	8,920	SH		SOLE		0	0	8,920
J P MORGAN EXCHANGE TRADED F	DIV RTN INT EQ	46641Q209	42,242	796,112	SH		SOLE		0	0	796,112
ISHARES U S ETF TR	COMMOD SEL STG	46431W853	19,679	586,745	SH		SOLE		0	0	586,745
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	58,321	1,193,400	SH		SOLE		377,519	0	815,881
ETF SER SOLUTIONS	US GLB JETS	26922A842	1,777	63,400	SH		SOLE		0	0	63,400
VANGUARD MUN BD FD INC	TAX EXEMPT BD	922907746	8,843	174,615	SH		SOLE		10,000	0	164,615
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	2	86	SH		SOLE		0	0	86
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	13	412	SH		SOLE		0	0	412
LATTICE STRATEGIES TR	HARTFRD EMRG ETF	518416201	1,003	44,200	SH		SOLE		0	0	44,200
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	15,405	514,000	SH		SOLE		0	0	514,000
ISHARES TR	INTL VALUE FACTR	46435G409	6,713	287,000	SH		SOLE		0	0	287,000
CHARTER COMMUNICATIONS INC N	CL A	16119P108	3	9	SH		SOLE		0	0	9
RYDEX ETF TRUST	GUGGENHEIM SP	78355W486	28	1,044	SH		SOLE		0	0	1,044
VANECK VECTORS ETF TR	MORNINGSTAR INTL	92189F593	183	5,836	SH		SOLE		0	0	5,836
ISHARES TR	MSCI GLOBAL IMP	46435G532	704	13,677	SH		SOLE		0	0	13,677
J P MORGAN EXCHANGE TRADED F	DIVERSIFIED ET	46641Q803	4,721	181,280	SH		SOLE		0	0	181,280
YUM CHINA HLDGS INC	COM	98850P109	7	252	SH		SOLE		0	0	252
COLONY NORTHSTAR INC	CL A COM	19625W104	15	1,176	SH		SOLE		0	0	1,176
FIRST TR EXCHNG TRADED FD VI	TCW OPPORTUNIS	33740F805	3,760	75,000	SH		SOLE		0	0	75,000