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

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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
ISHARES	CNTRY MIN VL ETF	464286525	1,342	18,260	SH		SOLE	NONE	0	0	18,260
ISHARES TR	TIPS BD ETF	464287176	281	2,450	SH		SOLE	NONE	0	0	2,450
ISHARES TR	CORE US AGGBD ET	464287226	1,625	14,660	SH		SOLE	NONE	0	0	14,660
ISHARES TR	IBOXX INV CP ETF	464287242	4,592	38,650	SH		SOLE	NONE	0	0	38,650
ISHARES TR	7-10 Y TR BD ETF	464287440	4,915	44,540	SH		SOLE	NONE	0	0	44,540
ISHARES TR	1-3 YR TR BD ETF	464287457	3,571	42,000	SH		SOLE	NONE	0	0	42,000
ISHARES TR	RUS MID-CAP ETF	464287499	1,418	8,705	SH		SOLE	NONE	0	0	8,705
ISHARES TR	CORE S&P MCP ETF	464287507	256	1,775	SH		SOLE	NONE	0	0	1,775
ISHARES TR	RUS 1000 VAL ETF	464287598	8,791	88,970	SH		SOLE	NONE	0	0	88,970
ISHARES TR	RUS 2000 VAL ETF	464287630	468	5,020	SH		SOLE	NONE	0	0	5,020
ISHARES TR	RUSSELL 2000 ETF	464287655	8,168	73,830	SH		SOLE	NONE	0	0	73,830
ISHARES TR	U.S. REAL ES ETF	464287739	4,130	53,050	SH		SOLE	NONE	0	0	53,050
ISHARES TR	CORE S&P SCP ETF	464287804	2,799	24,864	SH		SOLE	NONE	0	0	24,864
ISHARES TR	NATIONAL MUN ETF	464288414	5,838	52,285	SH		SOLE	NONE	0	0	52,285
ISHARES TR	MBS ETF	464288588	8,394	76,670	SH		SOLE	NONE	0	0	76,670
ISHARES TR	INTERM CR BD ETF	464288638	5,074	46,255	SH		SOLE	NONE	0	0	46,255
ISHARES TR	3-7 YR TR BD ETF	464288661	4,217	33,480	SH		SOLE	NONE	0	0	33,480
ISHARES TR	U.S. PHARMA ETF	464288836	545	3,980	SH		SOLE	NONE	0	0	3,980
ISHARES TR	EAFE MIN VOL ETF	46429B689	15,185	228,550	SH		SOLE	NONE	0	0	228,550
ISHARES TR	USA MIN VOL ETF	46429B697	14,561	331,450	SH		SOLE	NONE	0	0	331,450
ISHARES TR	MSCI USAMOMFCT	46432F396	2,013	27,540	SH		SOLE	NONE	0	0	27,540
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	14,372	131,610	SH		SOLE	NONE	0	0	131,610
POWERSHARES ETF TRUST	DWA MOMENTUM PTF	73935X153	1,127	27,630	SH		SOLE	NONE	0	0	27,630
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	304	13,370	SH		SOLE	NONE	0	0	13,370
POWERSHARES ETF TR II	I-30 LAD TREAS	73936T524	2,551	75,270	SH		SOLE	NONE	0	0	75,270
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	8,040	451,700	SH		SOLE	NONE	0	0	451,700
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	8,134	339,350	SH		SOLE	NONE	0	0	339,350
POWERSHARES ETF TR II	S&P600 LOVL PT	73937B639	4,967	141,820	SH		SOLE	NONE	0	0	141,820
POWERSHARES ETF TR II	S&P400 LOVL PT	73937B647	5,416	147,330	SH		SOLE	NONE	0	0	147,330
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	1,674	41,500	SH		SOLE	NONE	0	0	41,500
PROVECTUS BIOPHARMACEUTICALS	COM	74373P108	4	10,000	SH		SOLE	NONE	0	0	10,000
SPDR S&P 500 ETF TR	TR UNIT	78462F103	14,070	68,460	SH		SOLE	NONE	0	0	68,460
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	4,545	105,200	SH		SOLE	NONE	0	0	105,200
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	460	5,750	SH		SOLE	NONE	0	0	5,750
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	872	3,320	SH		SOLE	NONE	0	0	3,320
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	4,503	66,430	SH		SOLE	NONE	0	0	66,430
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	312	5,880	SH		SOLE	NONE	0	0	5,880
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	509	6,440	SH		SOLE	NONE	0	0	6,440
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	411	6,640	SH		SOLE	NONE	0	0	6,640
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	4,924	218,850	SH		SOLE	NONE	0	0	218,850
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	244	4,910	SH		SOLE	NONE	0	0	4,910
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	745	9,170	SH		SOLE	NONE	0	0	9,170
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	316	3,920	SH		SOLE	NONE	0	0	3,920
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	3,388	49,070	SH		SOLE	NONE	0	0	49,070
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	9,578	175,620	SH		SOLE	NONE	0	0	175,620
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	7,991	231,090	SH		SOLE	NONE	0	0	231,090
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	984	20,280	SH		SOLE	NONE	0	0	20,280
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	2,030	15,000	SH		SOLE	NONE	0	0	15,000
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	438	4,070	SH		SOLE	NONE	0	0	4,070
VANGUARD SCOTTSDALE FDS	SHTRM GVT BD ETF	92206C102	4,155	67,900	SH		SOLE	NONE	0	0	67,900
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	14,515	181,370	SH		SOLE	NONE	0	0	181,370
VANGUARD INDEX FDS	REIT ETF	922908553	1,959	23,375	SH		SOLE	NONE	0	0	23,375
VANGUARD INDEX FDS	MID CAP ETF	922908629	2,570	21,200	SH		SOLE	NONE	0	0	21,200
VANGUARD INDEX FDS	SMALL CP ETF	922908751	2,598	23,305	SH		SOLE	NONE	0	0	23,305