Capital Directions Investment Advisors 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
iShares MSCI ACWI Index	COM	464288257	262	3,636	SH		SOLE	3,636	0	0	0
iShares Tr Lehman Bd Fd	COM	464287226	514	4,715	SH		SOLE	4,715	0	0	0
Vanguard Total Bond Index Fund	COM	921937835	16	201	SH		SOLE	201.4231	0	0	0
Vanguard Total	COM	92203J407	0	3	SH		SOLE	3.1903	0	0	0
Powershares Bulletshares 2022	COM	73939W706	270	12,851	SH		SOLE	12,851	0	0	0
Powershares Bulletshares 2023	COM	73939W888	272	12,887	SH		SOLE	12,887	0	0	0
Powershares Bulletshares 2024	COM	73939W862	574	27,599	SH		SOLE	27,599	0	0	0
Powershares Bulletshares 2025	COM	73939W847	571	27,527	SH		SOLE	27,527	0	0	0
Powershares Bulletshares 2026	COM	73939W821	579	28,154	SH		SOLE	28,154	0	0	0
Diamonds TRUST Series I	COM	78467X109	905	3,491	SH		SOLE	3,491	0	0	0
iShares Select Dividend ETF	COM	464287168	60	611	SH		SOLE	611.2385	0	0	0
iShares MSCI Emerging Markets Index	COM	464287234	5,473	127,511	SH		SOLE	127,511	0	0	0
iShares MSCI EAFE Index	COM	464287465	39,933	615,674	SH		SOLE	615,674	0	0	0
Ishares Msci Val Idx Fd	COM	464288877	4	77	SH		SOLE	77	0	0	0
Ishares Msci Israel Inx	COM	464286632	60	1,102	SH		SOLE	1,102.0068	0	0	0
Streettracks Gold TRUST	COM	863307104	106	865	SH		SOLE	865	0	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X541	72	1,554	SH		SOLE	1,554.2437	0	0	0
iShares International Small	COM	78463X871	711	23,441	SH		SOLE	23,441	0	0	0
Ishares Tr Cohen & Steer	COM	449243104	23	205	SH		SOLE	205.353	0	0	0
iShares Core MSCI EAFE	COM	46432F842	220	3,612	SH		SOLE	3,612	0	0	0
iShares Core MSCI Emerging Markets	COM	46434G103	1,886	36,475	SH		SOLE	36,475	0	0	0
iShares S&P MidCap 400 Index	COM	464287507	255	1,344	SH		SOLE	1,344	0	0	0
iShares S&P Midcap Value	COM	464287705	110	701	SH		SOLE	701	0	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	28,437	129,791	SH		SOLE	129,791	0	0	0
iShares Core S&P Small Cap ETF	COM	464287804	28	361	SH		SOLE	361	0	0	0
Ishares S&P Smallcap	COM	464287879	36	245	SH		SOLE	245	0	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	394	6,112	SH		SOLE	6,112	0	0	0
iShares Tr S&P 500 Value	COM	464287408	680	6,032	SH		SOLE	6,032	0	0	0
Vanguard S&P Mid Cap	COM	921932885	74	578	SH		SOLE	578	0	0	0
iShares S&P 500 Index	COM	464287200	1,789	6,287	SH		SOLE	6,286.5088	0	0	0
iShares Russell 1000 Value	COM	464287598	5,610	45,431	SH		SOLE	45,431	0	0	0
iShares Russell 1000 Growth	COM	464287614	4,491	29,674	SH		SOLE	29,674	0	0	0
iShares Russell 2001	COM	464287655	31,339	204,709	SH		SOLE	204,708.6854	0	0	0
iShares Russell 2000 Value	COM	464287630	13,270	110,678	SH		SOLE	110,678	0	0	0
iShares Russell 2000 Growth	COM	464287648	5,305	26,977	SH		SOLE	26,977	0	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,695	12,492	SH		SOLE	12,492	0	0	0
iShares Russell Midcap	COM	464287499	85	1,576	SH		SOLE	1,576	0	0	0
iShares Russell Midcap Value	COM	464287473	228	2,628	SH		SOLE	2,628	0	0	0
iShares Russell 3000 Index	COM	000000089	10,361	62,156	SH		SOLE	62,156	0	0	0
iShares US Technology Index	COM	464287721	260	1,366	SH		SOLE	1,366	0	0	0
iShares Dow Jones Total Market Index	COM	464207846	124	878	SH		SOLE	878	0	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y107	55	160	SH		SOLE	160	0	0	0
Munienhanced Fund Inc	COM	09253Y100	4	416	SH		SOLE	416	0	0	0
VANECK VECTORS AGRIBUSINESS ET F	COM	92189F700	22	350	SH		SOLE	350	0	0	0
iShares S&P National Muni Bond	COM	464288414	12,394	111,465	SH		SOLE	111,465	0	0	0
Powershs Exch Trad Fd Tr	COM	73935X302	31	1,750	SH		SOLE	1,750	0	0	0
Rydex Etf TRUST	COM	78355W304	76	1,200	SH		SOLE	1,200	0	0	0
SPDR Dow Jones Global Real Estate ETF	COM	78463X749	197	3,930	SH		SOLE	3,930	0	0	0
DJ Wilshire REIT ETF	COM	78464A607	1,555	15,723	SH		SOLE	15,723	0	0	0
SPDR Dow Jones International Real Estate ETF	COM	78463X863	2,794	71,136	SH		SOLE	71,136	0	0	0
Schwab US Small Cap ETF	COM	808524607	114	1,634	SH		SOLE	1,634.4051	0	0	0
Schwab Intl Small Cap ETF	COM	808524888	48	1,489	SH		SOLE	1,489	0	0	0
Sch US Div Equity Etf	COM	808524797	26	500	SH		SOLE	500	0	0	0
Schwab Emerging Markets Equity ETF	COM	808524706	24	929	SH		SOLE	929.435	0	0	0
Schwab FTSE Dev International	COM	808524805	117	3,746	SH		SOLE	3,746.0104	0	0	0
Schwab US Large Cap Growth ETF	COM	808524300	276	3,477	SH		SOLE	3,477	0	0	0
Schwab US REIT ETF	COM	808524847	47	1,051	SH		SOLE	1,051	0	0	0
Schwab US Mid-Cap ETF	COM	808524508	81	1,455	SH		SOLE	1,455	0	0	0
Schwab US TIPS ETF	COM	808524870	12	216	SH		SOLE	215.7657	0	0	0
Schwab Intm US Trsr ETF	COM	808524854	21	393	SH		SOLE	393	0	0	0
Schwab US Large Cap Value ETF	COM	808524409	338	6,180	SH		SOLE	6,180	0	0	0
Schwab US Large Cap ETF	COM	808524201	201	2,977	SH		SOLE	2,976.8044	0	0	0
Schwab US Aggregate Bond ETF	COM	808524839	3	60	SH		SOLE	60.3689	0	0	0
iShares MSCI EAFE Small Cap	COM	464288273	11,159	194,280	SH		SOLE	194,280	0	0	0
Proshs Ultrashrt S&P	COM	74347R883	0	4	SH		SOLE	4	0	0	0
Spdr S&P Dividend Etf	COM	78464A763	635	6,387	SH		SOLE	6,386.6395	0	0	0
Proshares Short S&P	COM	74347B425	108	3,900	SH		SOLE	3,900	0	0	0
Spdr S&P 600 Small Cap	COM	78464A813	42	630	SH		SOLE	630	0	0	0
SPDR DJ Small Cap Growth	COM	78464A201	22,791	381,755	SH		SOLE	381,755	0	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	18	294	SH		SOLE	294	0	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	639	2,261	SH		SOLE	2,260.5293	0	0	0
SPDR S&P 500 Growth ETF	COM	78464A409	70,498	1,894,603	SH		SOLE	1,894,603	0	0	0
SPDR S&P 500 Value ETF	COM	78464A508	65	2,159	SH		SOLE	2,158.9269	0	0	0
iShares S&P Short Term Muni Fund	COM	464288158	117	1,100	SH		SOLE	1,100	0	0	0
Ishares Tr Lehman Tips	COM	464287176	58	512	SH		SOLE	512	0	0	0
Credit Suisse ETN	COM	22542D571	0	1	SH		SOLE	1	0	0	0
Vanguard Small Cap ETf	COM	922908751	53	349	SH		SOLE	349	0	0	0
Vanguard Consumr Staples ETF	COM	92204A207	90	620	SH		SOLE	620	0	0	0
Vanguard Energy ETF	COM	92204A306	4	50	SH		SOLE	50	0	0	0
Vanguard MSCI EAFE ETF	COM	921943858	832	20,364	SH		SOLE	20,364	0	0	0
Vanguard Intl Eqty Index	COM	922042775	5,068	101,049	SH		SOLE	101,049	0	0	0
Vanguard Div Apprciation	COM	921908844	291	2,651	SH		SOLE	2,651	0	0	0
Vanguard Reit	COM	922908553	856	9,849	SH		SOLE	9,849	0	0	0
Vanguard Global Ex US Real Estate	COM	922042676	6,251	104,934	SH		SOLE	104,934	0	0	0
Vanguard Total World	COM	922042742	1,481	20,241	SH		SOLE	20,241	0	0	0
Vanguard Total Stock Mkt	COM	922908769	6,448	44,561	SH		SOLE	44,561	0	0	0
Vanguard Growth ETF	COM	922908736	124	795	SH		SOLE	795	0	0	0
Vanguard FTSE Emerging Markets	COM	922042858	22	513	SH		SOLE	513	0	0	0
Vanguard Whitehall Funds	COM	921946406	13	152	SH		SOLE	152	0	0	0
Invesco S&P 500 Top 51	COM	78355W205	105	517	SH		SOLE	517	0	0	0
Sector Spdr Indl Select	COM	81369Y704	60	795	SH		SOLE	795	0	0	0
Sector Spdr Util Select	COM	81369Y886	14	240	SH		SOLE	240	0	0	0