Friedenthal Financial 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
ALPS ETF TR	Alerian MLP - ETF	00162Q866	637	51,057	SH		SOLE	N/A	0	0	51,057
CLAYMORE EXCHANGE TRD FD TR	Guggenheim IG Corporate Bond 2018 - ETF	18383M530	606	28,585	SH		SOLE	N/A	0	0	28,585
ISHARES	iShares Barclays 3-7 Year Treasury - ETF	464288661	643	5,157	SH		SOLE	N/A	0	0	5,157
ISHARES	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,134	10,353	SH		SOLE	N/A	0	0	10,353
ISHARES	IShares Barclays TIPS - ETF	464287176	296	2,678	SH		SOLE	N/A	0	0	2,678
ISHARES	IShares Core S&P - ETF	464287200	718	3,724	SH		SOLE	N/A	0	0	3,724
ISHARES	iShares Investment Grade Corp Bonds- ETF	464287242	472	4,068	SH		SOLE	N/A	0	0	4,068
ISHARES	IShares JPM Emerging Market Bonds - ETF	464288281	309	2,900	SH		SOLE	N/A	0	0	2,900
ISHARES	iShares MSCI ACWI - ETF	464288257	238	4,405	SH		SOLE	N/A	0	0	4,405
ISHARES	iShares MSCI EAFE - ETF	464287465	288	5,027	SH		SOLE	N/A	0	0	5,027
ISHARES	iShares Russell 2000 - ETF	464287655	733	6,712	SH		SOLE	N/A	0	0	6,712
ISHARES	iShares S&P US Preferred Stock - ETF	464288687	34,948	905,382	SH		SOLE	N/A	0	0	905,382
POWERSHARES ETF	Powershares Preferreds - ETF	73936T565	2,827	193,919	SH		SOLE	N/A	0	0	193,919
POWERSHARES ETF	Powershares S&P 500 Low Volatility - ETF	73937B779	399	11,099	SH		SOLE	N/A	0	0	11,099
POWERSHARES ETF	Powershares Senior Loan- ETF	73936Q769	263	11,396	SH		SOLE	N/A	0	0	11,396
RYDEX ETF TR	Guggenheim Equal Wgt. Utilities - ETF	78355W791	755	10,641	SH		SOLE	N/A	0	0	10,641
RYDEX ETF TR	Guggenheim S&P Eq. Wgt. Cons. Staples - ETF	78355W874	852	8,014	SH		SOLE	N/A	0	0	8,014
SCHWAB STRATEGIC TR	Schwab Emerging Markets - ETF	808524706	288	14,265	SH		SOLE	N/A	0	0	14,265
SCHWAB STRATEGIC TR	Schwab Inter Term Treasury - ETF	808524854	878	16,106	SH		SOLE	N/A	0	0	16,106
SCHWAB STRATEGIC TR	Schwab International Equity - ETF	808524805	295	10,769	SH		SOLE	N/A	0	0	10,769
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	257	6,902	SH		SOLE	N/A	0	0	6,902
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond Fund - ETF	808524839	3,118	59,801	SH		SOLE	N/A	0	0	59,801
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	760	16,394	SH		SOLE	N/A	0	0	16,394
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	613	12,066	SH		SOLE	N/A	0	0	12,066
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	7,141	151,318	SH		SOLE	N/A	0	0	151,318
SELECT SECTOR SPDR TR	Sector SPDR Health Fund - ETF	81369Y209	402	6,073	SH		SOLE	N/A	0	0	6,073
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	334	7,995	SH		SOLE	N/A	0	0	7,995
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	7,402	170,995	SH		SOLE	N/A	0	0	170,995
SPDR SERIES TR	SPDR Barclays Capital High Yield Bond - ETF	78464A417	327	9,162	SH		SOLE	N/A	0	0	9,162
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	540	22,388	SH		SOLE	N/A	0	0	22,388
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	318	13,055	SH		SOLE	N/A	0	0	13,055
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	218	1,140	SH		SOLE	N/A	0	0	1,140
SPDR SERIES TR	SPDR S&P High Yield Municipal Bond - ETF	78464A284	454	8,021	SH		SOLE	N/A	0	0	8,021
SPDR SERIES TR	SPDR S&P Homebuilders - ETF	78464A888	304	8,871	SH		SOLE	N/A	0	0	8,871
VANGUARD BOND INDEX	Vanguard Bond Index Fund - ETF	921937835	19,388	236,646	SH		SOLE	N/A	0	0	236,646
VANGUARD BOND INDEX FUND	Vanguard Short-Term Bond Fund - ETF	921937827	15,000	186,589	SH		SOLE	N/A	0	0	186,589
VANGUARD INDEX FUND	Vanguard REIT - ETF	922908553	6,788	89,863	SH		SOLE	N/A	0	0	89,863
VANGUARD INTL EQUITY INDEX	Vanguard Emerging Market - ETF	922042858	294	8,897	SH		SOLE	N/A	0	0	8,897