Efficient Market 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
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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
ALPS ETF TR	ALERIAN MLP	00162Q866	15,877	1,248,226	SH		SOLE		0	0	1,248,226
AT&T INC	COM	00206R102	920	21,299	SH		SOLE		0	0	21,299
COSTCO WHSL CORP NEW	COM	22160K105	296	1,885	SH		SOLE		0	0	1,885
DBX ETF TR	DB XTR MSCI EUR	233051853	41,290	1,681,860	SH		SOLE		0	0	1,681,860
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	32,490	1,500,698	SH		SOLE		0	0	1,500,698
HOME DEPOT INC	COM	437076102	218	1,709	SH		SOLE		0	0	1,709
ISHARES INC	CORE MSCI EMKT	46434G103	6,179	147,672	SH		SOLE		0	0	147,672
ISHARES TR	1-3 YR CR BD ETF	464288646	53,808	507,189	SH		SOLE		0	0	507,189
ISHARES TR	CORE MSCI EAFE	46432F842	6,128	118,105	SH		SOLE		0	0	118,105
ISHARES TR	CORE S&P MCP ETF	464287507	53,096	355,418	SH		SOLE		0	0	355,418
ISHARES TR	CORE S&P SCP ETF	464287804	36,490	314,002	SH		SOLE		0	0	314,002
ISHARES TR	CUR HD EURZN ETF	46434V639	5,983	248,548	SH		SOLE		0	0	248,548
ISHARES TR	FLTG RATE BD ETF	46429B655	55,394	1,094,307	SH		SOLE		0	0	1,094,307
ISHARES TR	IBOXX HI YD ETF	464288513	1,182	13,957	SH		SOLE		0	0	13,957
ISHARES TR	JP MOR EM MK ETF	464288281	20,910	181,586	SH		SOLE		0	0	181,586
ISHARES TR	MSCI EAFE ETF	464287465	1,274	22,815	SH		SOLE		0	0	22,815
ISHARES TR	RUSSELL 2000 ETF	464287655	3,013	26,204	SH		SOLE		0	0	26,204
ISHARES TR	U.S. PFD STK ETF	464288687	7,239	181,475	SH		SOLE		0	0	181,475
MCDONALDS CORP	COM	580135101	1,141	9,485	SH		SOLE		0	0	9,485
NUVEEN CALIF MUN VALUE FD	COM	67062C107	126	11,250	SH		SOLE		0	0	11,250
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,703	27,914	SH		SOLE		0	0	27,914
POWERSHARES ACT MANG COMM FD	DB OPT YLD DIV	73937V106	8,030	450,091	SH		SOLE		0	0	450,091
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	26,554	1,069,433	SH		SOLE		0	0	1,069,433
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	259	25,682	SH		SOLE		0	0	25,682
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	25,467	1,108,689	SH		SOLE		0	0	1,108,689
PROSHARES TR	PRIV EQTY-LSTD	74348A533	257	7,140	SH		SOLE		0	0	7,140
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	2,095	42,101	SH		SOLE		0	0	42,101
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	2,058	48,998	SH		SOLE		0	0	48,998
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	1,211	22,415	SH		SOLE		0	0	22,415
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,117	14,879	SH		SOLE		0	0	14,879
SPDR SER TR	SHT TRM HGH YLD	78468R408	26,262	973,040	SH		SOLE		0	0	973,040
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	4,125	88,255	SH		SOLE		0	0	88,255
VANECK VECTORS ETF TR	INVT GRADE FLTG	92189F486	1,626	65,549	SH		SOLE		0	0	65,549
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,716	20,353	SH		SOLE		0	0	20,353
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,988	20,738	SH		SOLE		0	0	20,738
VANGUARD INDEX FDS	MID CAP ETF	922908629	1,561	12,630	SH		SOLE		0	0	12,630
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	57,645	299,924	SH		SOLE		0	0	299,924
VANGUARD INDEX FDS	SMALL CP ETF	922908751	822	7,106	SH		SOLE		0	0	7,106
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,424	13,289	SH		SOLE		0	0	13,289
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	2,505	58,455	SH		SOLE		0	0	58,455
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	33,661	955,465	SH		SOLE		0	0	955,465
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	638	7,890	SH		SOLE		0	0	7,890
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	611	7,341	SH		SOLE		0	0	7,341
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	59,601	1,685,549	SH		SOLE		0	0	1,685,549
VANGUARD WHITEHALL FDS INC	EMERG MKT BD ETF	921946885	918	11,433	SH		SOLE		0	0	11,433