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	5,779	458,674	SH		SOLE	N/A	0	0	458,674
CLAYMORE EXCHANGE TR	Guggenheim High Yield Corporate Bond - ETF	18383M373	669	27,723	SH		SOLE	N/A	0	0	27,723
CLAYMORE EXCHANGE TR	Guggenheim HY Corp. Bond 2017 -ETF	18383M399	421	16,307	SH		SOLE	N/A	0	0	16,307
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	1,216	105,064	SH		SOLE	N/A	0	0	105,064
ISHARES TR	iShares Core High Dividend - ETF	46429B663	5,001	60,808	SH		SOLE	N/A	0	0	60,808
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	2,852	58,312	SH		SOLE	N/A	0	0	58,312
ISHARES TR	iShares MSCI ACWI - ETF	464288257	267	4,507	SH		SOLE	N/A	0	0	4,507
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	2,940	48,024	SH		SOLE	N/A	0	0	48,024
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	3,056	67,570	SH		SOLE	N/A	0	0	67,570
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	263	7,065	SH		SOLE	N/A	0	0	7,065
ISHARES TR	IShares Short Maturity Bond - ETF	46431W507	4,362	86,933	SH		SOLE	N/A	0	0	86,933
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	1,488	14,901	SH		SOLE	N/A	0	0	14,901
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	4,501	44,422	SH		SOLE	N/A	0	0	44,422
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	455	16,105	SH		SOLE	N/A	0	0	16,105
POWERSHARES GLOBAL ETF	Powershares High Yield Corporate Bond - ETF	73936T557	1,099	58,513	SH		SOLE	N/A	0	0	58,513
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	592	41,628	SH		SOLE	N/A	0	0	41,628
POWERSHARES GLOBAL ETF	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	5,019	128,100	SH		SOLE	N/A	0	0	128,100
POWERSHARES GLOBAL ETF	Powershares Senior Bank Loan - ETF	73936Q769	5,702	244,097	SH		SOLE	N/A	0	0	244,097
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	879	10,887	SH		SOLE	N/A	0	0	10,887
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	879	9,955	SH		SOLE	N/A	0	0	9,955
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	866	7,250	SH		SOLE	N/A	0	0	7,250
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	903	14,099	SH		SOLE	N/A	0	0	14,099
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	926	25,151	SH		SOLE	N/A	0	0	25,151
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	858	5,883	SH		SOLE	N/A	0	0	5,883
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	923	9,307	SH		SOLE	N/A	0	0	9,307
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	905	9,938	SH		SOLE	N/A	0	0	9,938
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	1,774	16,348	SH		SOLE	N/A	0	0	16,348
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	970	23,631	SH		SOLE	N/A	0	0	23,631
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	7,593	147,429	SH		SOLE	N/A	0	0	147,429
SCHWAB STRATEGIC TR	Schwab US Dividend Equity - ETF	808524797	850	19,505	SH		SOLE	N/A	0	0	19,505
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	415	8,235	SH		SOLE	N/A	0	0	8,235
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,063	66,079	SH		SOLE	N/A	0	0	66,079
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,147	20,911	SH		SOLE	N/A	0	0	20,911
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,869	78,255	SH		SOLE	N/A	0	0	78,255
SPDR SERIES TR	Sector SPDR Regional Banking - ETF	78464A698	5,035	90,601	SH		SOLE	N/A	0	0	90,601
SPDR SERIES TR	SPDR Barclays Capital High Yield Bond - ETF	78464A417	4,874	133,713	SH		SOLE	N/A	0	0	133,713
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	535	11,273	SH		SOLE	N/A	0	0	11,273
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,143	23,852	SH		SOLE	N/A	0	0	23,852
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	9,328	336,984	SH		SOLE	N/A	0	0	336,984
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	5,239	61,230	SH		SOLE	N/A	0	0	61,230
SPDR SERIES TR	SPDR S&P Global Natural Resources - ETF	78463X541	813	19,792	SH		SOLE	N/A	0	0	19,792
VANECK VECTORS ETF TR	VanEck Vectors Russsia - ETF	92189F403	4,604	216,950	SH		SOLE	N/A	0	0	216,950
VANGUARD BD INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	642	7,949	SH		SOLE	N/A	0	0	7,949
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	2,680	49,372	SH		SOLE	N/A	0	0	49,372