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 |
0-5 Year High Yield ETF - PIMC | COM | 72201r783 | 243 | 2,394 | SH | | SOLE | | 1,555 | 0 | 839 |
20 yr Treasury ETF - iShares | COM | 464287432 | 1,304 | 10,454 | SH | | SOLE | | 112 | 0 | 10,342 |
Barclays 1-3 Yr Credit Bond ET | COM | 464288646 | 253 | 2,400 | SH | | SOLE | | 2,000 | 0 | 400 |
Blackrock Core Bond Trust | COM | 09249E101 | 338 | 24,065 | SH | | SOLE | | 0 | 0 | 24,065 |
Blackrock Limited Duration CEF | COM | 09249w101 | 308 | 19,095 | SH | | SOLE | | 5,680 | 0 | 13,415 |
Blackrock Multi-Sector Income | COM | 09258A107 | 467 | 24,995 | SH | | SOLE | | 8,590 | 0 | 16,405 |
Blackstone/GSO Senior Loan ETF | COM | 78467V608 | 789 | 16,640 | SH | | SOLE | | 6,000 | 0 | 10,640 |
Eaton Vance Ltd Duration Incom | COM | 27828h105 | 196 | 14,000 | SH | | SOLE | | 0 | 0 | 14,000 |
High Yield 0-5yr Bond ETF - SP | COM | 78468R408 | 280 | 9,995 | SH | | SOLE | | 6,715 | 0 | 3,280 |
High Yield L/S ETF - First Tru | COM | 33738d408 | 836 | 17,050 | SH | | SOLE | | 17,050 | 0 | 0 |
Invesco Muni CEF | COM | 46131j103 | 556 | 43,510 | SH | | SOLE | | 3,475 | 0 | 40,035 |
Invesco Quality Muni Income | COM | 46133g107 | 454 | 35,465 | SH | | SOLE | | 0 | 0 | 35,465 |
MS EM Domestic Debt CEF | COM | 617477104 | 276 | 34,355 | SH | | SOLE | | 6,490 | 0 | 27,865 |
PIMCO Enhanced Short Maturity | COM | 72201R833 | 497 | 4,881 | SH | | SOLE | | 3,648 | 0 | 1,233 |
Senior Loan ETF - Powershares | COM | 73936q769 | 184 | 7,925 | SH | | SOLE | | 6,490 | 0 | 1,435 |
Sr Floating Rate CEF - FirstTr | COM | 33733u108 | 613 | 45,475 | SH | | SOLE | | 6,405 | 0 | 39,070 |
iBonds Dec18 Corp ETF -iShares | COM | 46434vaa8 | 299 | 11,870 | SH | | SOLE | | 8,965 | 0 | 2,905 |
AT&T Inc | COM | 00206R102 | 5 | 132 | SH | | SOLE | | 132 | 0 | 0 |
AbbVie Inc. | COM | 00287Y109 | 5 | 60 | SH | | SOLE | | 60 | 0 | 0 |
Activision Inc. | COM | 00507v109 | 6 | 86 | SH | | SOLE | | 86 | 0 | 0 |
Adobe Systems Inc | COM | 00724f101 | 5 | 36 | SH | | SOLE | | 36 | 0 | 0 |
Best Buy Inc | COM | 086516101 | 42 | 740 | SH | | SOLE | | 740 | 0 | 0 |
Boeing Co | COM | 097023105 | 5 | 21 | SH | | SOLE | | 21 | 0 | 0 |
Bristol-Myers Squibb Co. | COM | 110122108 | 5 | 85 | SH | | SOLE | | 85 | 0 | 0 |
Cisco Systems Inc | COM | 17275r102 | 5 | 156 | SH | | SOLE | | 156 | 0 | 0 |
Constellation Brands, Inc. | COM | 21036P108 | 5 | 26 | SH | | SOLE | | 26 | 0 | 0 |
Electronic Arts | COM | 285512109 | 6 | 47 | SH | | SOLE | | 47 | 0 | 0 |
Facebook Inc | COM | 30303m102 | 69 | 406 | SH | | SOLE | | 406 | 0 | 0 |
Ford Motor Co. | COM | 345370860 | 5 | 452 | SH | | SOLE | | 452 | 0 | 0 |
Gap Inc | COM | 364760108 | 5 | 181 | SH | | SOLE | | 181 | 0 | 0 |
General Motors Corp. | COM | 37045V100 | 5 | 131 | SH | | SOLE | | 131 | 0 | 0 |
Hovnanian Enterprises Inc. | COM | 442487203 | 35 | 18,180 | SH | | SOLE | | 0 | 0 | 18,180 |
Kohls Corp | COM | 500255104 | 5 | 116 | SH | | SOLE | | 116 | 0 | 0 |
Las Vegas Sands Corp | COM | 517834107 | 5 | 84 | SH | | SOLE | | 84 | 0 | 0 |
Live Nation Inc | COM | 538034109 | 5 | 122 | SH | | SOLE | | 122 | 0 | 0 |
Mastercard Inc | COM | 57636q104 | 5 | 38 | SH | | SOLE | | 38 | 0 | 0 |
McDonalds Corp | COM | 580135101 | 5 | 34 | SH | | SOLE | | 34 | 0 | 0 |
Metlife Inc | COM | 59156r108 | 5 | 104 | SH | | SOLE | | 104 | 0 | 0 |
Monster Beverage Corp | COM | 61174x109 | 5 | 97 | SH | | SOLE | | 97 | 0 | 0 |
Nasdaq Stock Market Inc | COM | 631103108 | 6 | 71 | SH | | SOLE | | 71 | 0 | 0 |
PVH Corp. | COM | 693656100 | 5 | 42 | SH | | SOLE | | 42 | 0 | 0 |
Paypal Holdings Inc | COM | 70450y103 | 5 | 83 | SH | | SOLE | | 83 | 0 | 0 |
Pfizer Inc | COM | 717081103 | 6 | 156 | SH | | SOLE | | 156 | 0 | 0 |
Qualcomm Inc | COM | 747525103 | 5 | 103 | SH | | SOLE | | 103 | 0 | 0 |
Quality S&P500 - SPDR ETF | COM | 78468R812 | 6,330 | 87,521 | SH | | SOLE | | 51,252 | 0 | 36,269 |
Royal Caribbean Cruises Ltd. | COM | V7780T103 | 5 | 45 | SH | | SOLE | | 45 | 0 | 0 |
Schwab Charles Corp | COM | 808513105 | 5 | 122 | SH | | SOLE | | 122 | 0 | 0 |
Scientific Beta US ETF - Globa | COM | 37954Y103 | 5,771 | 195,241 | SH | | SOLE | | 125,659 | 0 | 69,582 |
Square Inc - A | COM | 852234103 | 5 | 187 | SH | | SOLE | | 187 | 0 | 0 |
T-Mobile US Inc. | COM | 872590104 | 5 | 86 | SH | | SOLE | | 86 | 0 | 0 |
Target Corp | COM | 87612e106 | 5 | 93 | SH | | SOLE | | 93 | 0 | 0 |
Texas Instruments Inc | COM | 882508104 | 5 | 60 | SH | | SOLE | | 60 | 0 | 0 |
US Large Cap ETF - Goldman Sac | COM | 381430503 | 1,680 | 33,653 | SH | | SOLE | | 1,593 | 0 | 32,060 |
US S&P 500 Index ETF - SPDR | COM | 78462F103 | 14,700 | 58,511 | SH | | SOLE | | 31,438 | 0 | 27,073 |
US S&P500 ETF - iShares | COM | 464287200 | 2,773 | 10,965 | SH | | SOLE | | 796 | 0 | 10,169 |
Austria ETF - iShares | COM | 464286202 | 2,491 | 106,368 | SH | | SOLE | | 53,589 | 0 | 52,779 |
Chile ETF - iShares | COM | 464286640 | 371 | 7,625 | SH | | SOLE | | 3,185 | 0 | 4,440 |
China ETF - iShares | COM | 46429b671 | 9,253 | 146,660 | SH | | SOLE | | 59,214 | 0 | 87,446 |
Core Emerging Markets ETF - iS | COM | 46434G103 | 598 | 11,074 | SH | | SOLE | | 982 | 0 | 10,092 |
DJ Euro Stoxx 50 ETF - SPDR | COM | 78463x202 | 289 | 7,000 | SH | | SOLE | | 0 | 0 | 7,000 |
Denmark ETF - iShares | COM | 46429B523 | 1,256 | 18,488 | SH | | SOLE | | 8,088 | 0 | 10,400 |
EAFE Index ETF - iShares | COM | 464287465 | 4,066 | 59,379 | SH | | SOLE | | 891 | 0 | 58,488 |
Ferrari NV | COM | n3167y103 | 5 | 48 | SH | | SOLE | | 48 | 0 | 0 |
Finland ETF - iShares | COM | 46429B515 | 712 | 17,586 | SH | | SOLE | | 5,536 | 0 | 12,050 |
France ETF - iShares | COM | 464286707 | 7,261 | 234,989 | SH | | SOLE | | 85,367 | 0 | 149,622 |
Germany ETF - iShares | COM | 464286806 | 5,577 | 171,972 | SH | | SOLE | | 59,782 | 0 | 112,190 |
Hong Kong ETF - iShares | COM | 464286871 | 1,586 | 64,235 | SH | | SOLE | | 25,612 | 0 | 38,623 |
Italy ETF - iShares | COM | 46434G830 | 1,373 | 43,796 | SH | | SOLE | | 18,899 | 0 | 24,897 |
Japan ETF - iShares | COM | 46434g822 | 3,451 | 61,948 | SH | | SOLE | | 21,429 | 0 | 40,519 |
Japan Nikkei 400 ETF - Deutsch | COM | 233051663 | 3,343 | 122,891 | SH | | SOLE | | 40,286 | 0 | 82,605 |
Korea Hedged ETF - Deutsche Ba | COM | 233051812 | 4,255 | 141,410 | SH | | SOLE | | 44,236 | 0 | 97,174 |
MSCI Emerging Markets ETF - iS | COM | 464287234 | 3,402 | 75,911 | SH | | SOLE | | 1,380 | 0 | 74,531 |
Malaysia ETF - iShares | COM | 46434g814 | 548 | 16,931 | SH | | SOLE | | 7,176 | 0 | 9,755 |
Mexico ETF - iShares | COM | 464286822 | 998 | 18,280 | SH | | SOLE | | 7,886 | 0 | 10,394 |
Molson Coors Brewing Co Cl B | COM | 60871R209 | 5 | 66 | SH | | SOLE | | 66 | 0 | 0 |
Netherlands ETF - iShares | COM | 464286814 | 2,793 | 88,982 | SH | | SOLE | | 35,053 | 0 | 53,929 |
Poland ETF - iShares | COM | 46429B606 | 2,637 | 99,451 | SH | | SOLE | | 52,576 | 0 | 46,875 |
Spain ETF - iShares | COM | 464286764 | 1,728 | 51,209 | SH | | SOLE | | 16,393 | 0 | 34,816 |
Sweden ETF - iShares | COM | 464286756 | 3,188 | 88,845 | SH | | SOLE | | 42,946 | 0 | 45,899 |
Taiwan ETF - iShares | COM | 46434g772 | 3,493 | 96,762 | SH | | SOLE | | 46,781 | 0 | 49,981 |
Thailand ETF - iShares | COM | 464286624 | 297 | 3,441 | SH | | SOLE | | 2,224 | 0 | 1,217 |
Turkey ETF - iShares | COM | 464286715 | 2,561 | 61,250 | SH | | SOLE | | 33,044 | 0 | 28,206 |
United Kingdom ETF - iShares | COM | 46435g334 | 1,910 | 54,803 | SH | | SOLE | | 12,790 | 0 | 42,013 |
ACWI ex US ETF - iShares | COM | 464288240 | 2,861 | 59,166 | SH | | SOLE | | 5,873 | 0 | 53,293 |
US Dollar Bear ETF - Powershar | COM | 73936d206 | 1,013 | 45,431 | SH | | SOLE | | 683 | 0 | 44,748 |
Emerging Markets Internet & EC | COM | 301505889 | 338 | 9,300 | SH | | SOLE | | 0 | 0 | 9,300 |
Healthcare ETF - SPDR | COM | 81369Y209 | 208 | 2,549 | SH | | SOLE | | 0 | 0 | 2,549 |
Industrial Select Sector ETF - | COM | 81369Y704 | 190 | 2,681 | SH | | SOLE | | 0 | 0 | 2,681 |
KBW Bank ETF - Powershares | COM | 73937B746 | 1,916 | 37,416 | SH | | SOLE | | 595 | 0 | 36,821 |
Technology Select Sector ETF - | COM | 81369Y803 | 2,058 | 34,820 | SH | | SOLE | | 610 | 0 | 34,210 |