Estate Counselors 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 CORE TOTAL US BOND MARKET ETF	ETF	464287226	226	2,090	SH		SOLE		0	0	2,090
POWERSHARES EXCHANGE TRADED FD TR II SENIOR LN PORT NYSE ARCA INC	COM	73936Q769	454	18,300	SH		SOLE		0	0	18,300
VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	ETF	921937835	6,901	85,000	SH		SOLE		0	0	85,000
VANGUARD BD INDEX FD INC SHORT TERM BD ETF	ETF	921937827	1,209	15,100	SH		SOLE		0	0	15,100
CALAMOS CONV OPPORTU NITIES & INCOME FD	COM	128117108	359	25,980	SH		SOLE		0	0	25,980
ISHARES INTERMEDIATE CREDIT BOND ETF	ETF	464288638	13,330	122,225	SH		SOLE		0	0	122,225
SPDR SER TR BARCLAYS CONV SECS ETF	ETF	78464A359	252	5,215	SH		SOLE		0	0	5,215
POWERSHARES DB MULTI SECTOR COMMODITY TR POWER SHARES DB AGRIC FD COM UNIT	ETF	73936B408	4,646	164,000	SH		SOLE		0	0	164,000
ISHARES SELECT DIVIDEND ETF	ETF	464287168	368	5,025	SH		SOLE		0	0	5,025
ISHARES TRUST MSCI EAFE MIN VOLATIL ETF	ETF	46429B689	8,786	140,000	SH		SOLE		0	0	140,000
SPDR GOLD TR GOLD SHS	ETF	78463V107	4,134	33,440	SH		SOLE		0	0	33,440
PIMCO ETF TRUST 0-5 YR HIGH YLD CORP BD IDX ETF	ETF	72201R783	10,635	99,755	SH		SOLE		0	0	99,755
ISHARES GOLD TRUST ISHARES ISIN #US4642851053 SEDOL #B0SF3S5	ETF	464285105	4,733	380,500	SH		SOLE		0	0	380,500
ISHARES INTERNATIONAL DIVIDEND ETF	ETF	464288448	497	12,850	SH		SOLE		0	0	12,850
ISHARES US PHARMACEUTICALS ETF	ETF	464288836	2,342	18,485	SH		SOLE		0	0	18,485
ISHARES CORE S&P MID-CAP ETF	ETF	464287507	712	5,180	SH		SOLE		0	0	5,180
ISHARES CORE S&P SMALL-CAP ETF	ETF	464287804	1,398	12,692	SH		SOLE		0	0	12,692
ISHARES RUSSELL 1000 VALUE ETF	ETF	464287598	1,991	20,630	SH		SOLE		0	0	20,630
ISHARES RUSSELL 2000 ETF	ETF	464287655	15,263	131,189	SH		SOLE		0	0	131,189
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	1,873	12,100	SH		SOLE		0	0	12,100
ISHARES U S REAL ESTATE ETF	ETF	464287739	5,027	74,290	SH		SOLE		0	0	74,290
ISHARES MBS ETF	ETF	464288588	12,301	115,905	SH		SOLE		0	0	115,905
SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	ETF	78467Y107	3,406	13,595	SH		SOLE		0	0	13,595
ISHARES NATIONAL AMT FREE MUNI	ETF	464288414	11,241	105,000	SH		SOLE		0	0	105,000
POWERSHARES ACTIVELY MANAGED ETF S&P 500 DOWNSIDE HDGD PORT NYSE ARCA INC	ETF	73935B805	9,761	347,000	SH		SOLE		0	0	347,000
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO	ETF	73935X799	680	12,005	SH		SOLE		0	0	12,005
POWERSHARES QQQ TR UNIT SER 1	ETF	73935A104	6,140	70,040	SH		SOLE		0	0	70,040
ROUNDYS INC COM USD0.01	COM	779268101	288	41,883	SH		SOLE		0	0	41,883
SPDR SER TR NUVEEN BARCLAYS SHORT TERM MUN BD ETF	ETF	78464A425	684	28,180	SH		SOLE		0	0	28,180
ISHARES 1-3 YEAR TREASURY BOND ETF	ETF	464287457	6,985	82,710	SH		SOLE		0	0	82,710
SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	ETF	78462F103	18,212	97,387	SH		SOLE		0	0	97,387
ISHARES TIPS BOND ETF	ETF	464287176	11,504	102,624	SH		SOLE		0	0	102,624
VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUARD INDEX TR	ETF	922908751	2,625	23,239	SH		SOLE		0	0	23,239
VANGUARD SCOTTSDALE FDS SHORT TERM CORP	ETF	92206C409	11,270	140,905	SH		SOLE		0	0	140,905
VANGUARD SECTOR INDEX FDS VANGUARD CONSUMER STAPLES VIPERS	ETF	92204A207	9,068	81,850	SH		SOLE		0	0	81,850
VANGUARD INTL EQUITY INDEX FD INC FTSE ALL-WORLD EX-US INDEX FD ETF SHS	ETF	922042775	5,916	117,595	SH		SOLE		0	0	117,595
VANGUARD SPECIALIZED PORTFOLIOS DIV APPRECIATION INDEX FD VIPER SHS	ETF	921908844	688	9,140	SH		SOLE		0	0	9,140
VANGUARD MORTGAGE BACKED SECURITIES ETF	ETF	92206C771	332	6,425	SH		SOLE		0	0	6,425
VANGUARD INDEX FDS VANGUARD REIT ETF FORMERLY VANGUARD INDEX TR TO 05/24/01 REIT VIPER SHS	ETF	922908553	1,728	24,465	SH		SOLE		0	0	24,465
VANGUARD INDEX FDS VANGUARD MID CAP VIPERS FORMERLY VANGUARD INDEX TR	ETF	922908629	12,585	110,801	SH		SOLE		0	0	110,801
VANGUARD SECTOR INDEX FDS VANGUARD UTILS VIPERS	ETF	92204A876	857	9,470	SH		SOLE		0	0	9,470
VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	ETF	922908769	284	2,909	SH		SOLE		0	0	2,909
SPDR SER TR DB INTL GOVT INFLATION PROTECTED	ETF	78464A490	3,611	60,090	SH		SOLE		0	0	60,090
SECTOR SPDR TR SHS BEN INT ENERGY	ETF	81369Y506	3,191	35,835	SH		SOLE		0	0	35,835
SECTOR SPDR TR SHS BEN INT INDUSTRIAL	ETF	81369Y704	612	11,700	SH		SOLE		0	0	11,700
SECTOR SPDR TR SHS BEN INT CONSUMER STAPLES	ETF	81369Y308	2,184	50,710	SH		SOLE		0	0	50,710
SECTOR SPDR TR SHS BEN INT UTILITIES	ETF	81369Y886	15,167	365,822	SH		SOLE		0	0	365,822
SELECT SECTOR SPDR TR HEALTH CARE FORMERLY CONSUMER SVCS TO 06/24/2002	ETF	81369Y209	7,841	134,065	SH		SOLE		0	0	134,065
SPDR SER TR S&P PHARMACEUTICALS ETF	ETF	78464A722	4,418	47,200	SH		SOLE		0	0	47,200
SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	ETF	1756269DX	59	178	SH	Put	SOLE		0	0	178
SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	ETF	1724289RN	375	905	SH	Put	SOLE		0	0	905