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	472	37,121	SH		SOLE	N/A	0	0	37,121
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	368	31,706	SH		SOLE	N/A	0	0	31,706
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	1,403	16,016	SH		SOLE	N/A	0	0	16,016
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	452	5,392	SH		SOLE	N/A	0	0	5,392
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,417	10,987	SH		SOLE	N/A	0	0	10,987
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	477	8,523	SH		SOLE	N/A	0	0	8,523
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	455	10,684	SH		SOLE	N/A	0	0	10,684
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	457	3,031	SH		SOLE	N/A	0	0	3,031
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	462	5,256	SH		SOLE	N/A	0	0	5,256
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	470	5,625	SH		SOLE	N/A	0	0	5,625
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	462	4,928	SH		SOLE	N/A	0	0	4,928
RYDEX ETF TRUST	Guggenheim HY Corp. Bond 2017 -ETF	18383M399	240	9,275	SH		SOLE	N/A	0	0	9,275
RYDEX ETF TRUST	Guggenheim IG Corporate Bond 2018 - ETF	18383M530	592	27,691	SH		SOLE	N/A	0	0	27,691
ISHARES TR	iShares Barclays 7-10 Year Treasury - ETF	464287440	5,762	51,017	SH		SOLE	N/A	0	0	51,017
ISHARES TR	iShares Barclays MBS - ETF	464288588	6,988	63,543	SH		SOLE	N/A	0	0	63,543
ISHARES TR	Ishares Core High	46429B663	5,592	68,070	SH		SOLE	N/A	0	0	68,070
ISHARES TR	IShares JPM Emerging Market Bonds - ETF	464288281	6,851	59,500	SH		SOLE	N/A	0	0	59,500
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	1,702	32,985	SH		SOLE	N/A	0	0	32,985
ISHARES TR	iShares MSCI ACWI - ETF	464288257	260	4,632	SH		SOLE	N/A	0	0	4,632
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	1,750	26,365	SH		SOLE	N/A	0	0	26,365
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	1,769	38,291	SH		SOLE	N/A	0	0	38,291
ISHARES TR	iShares S&P National AMT-Free Municipal - ETF	464288414	5,118	44,927	SH		SOLE	N/A	0	0	44,927
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	6,258	156,882	SH		SOLE	N/A	0	0	156,882
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	1,177	39,784	SH		SOLE	N/A	0	0	39,784
POWERSHARES GLOBAL ETF	Powershares High Yield Corporate Bond - ETF	73936T557	268	14,585	SH		SOLE	N/A	0	0	14,585
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	1,201	78,789	SH		SOLE	N/A	0	0	78,789
POWERSHARES GLOBAL ETF	Powershares S&P 500 Low Volatility - ETF	73937B779	7,469	174,593	SH		SOLE	N/A	0	0	174,593
POWERSHARES GLOBAL ETF	Powershares Senior Bank Loan- ETF	73936Q769	244	10,627	SH		SOLE	N/A	0	0	10,627
SCHWAB STRATEGIC TR	Schwab Inter Term Treasury - ETF	808524854	2,174	38,842	SH		SOLE	N/A	0	0	38,842
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	603	13,883	SH		SOLE	N/A	0	0	13,883
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	6,868	127,853	SH		SOLE	N/A	0	0	127,853
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	221	4,397	SH		SOLE	N/A	0	0	4,397
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	334	6,556	SH		SOLE	N/A	0	0	6,556
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	1,823	33,744	SH		SOLE	N/A	0	0	33,744
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	808	14,308	SH		SOLE	N/A	0	0	14,308
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	6,778	122,897	SH		SOLE	N/A	0	0	122,897
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	6,909	131,680	SH		SOLE	N/A	0	0	131,680
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	775	15,322	SH		SOLE	N/A	0	0	15,322
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	835	17,014	SH		SOLE	N/A	0	0	17,014
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	5,983	71,300	SH		SOLE	N/A	0	0	71,300
SPDR SERIES TR	SPDR S&P High Yield Municipal Bond - ETF	78464A284	339	5,668	SH		SOLE	N/A	0	0	5,668
VANGUARD BD INDEX Tr	Vanguard Bond Index Fund - ETF	921937835	6,124	72,642	SH		SOLE	N/A	0	0	72,642
VANGUARD SCOTTSDALE FDS	Vanguard Short Term Invt. Grade Bond - ETF	92206C409	13,261	164,035	SH		SOLE	N/A	0	0	164,035
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	1,952	35,046	SH		SOLE	N/A	0	0	35,046