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	5,412	425,786	SH		SOLE	N/A	0	0	425,786
CLAYMORE EXCHANGE TR	Guggenheim Equal Wgt. Utilities - ETF	78355W791	959	11,394	SH		SOLE	N/A	0	0	11,394
CLAYMORE EXCHANGE TR	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	960	10,329	SH		SOLE	N/A	0	0	10,329
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	1,136	97,783	SH		SOLE	N/A	0	0	97,783
ISHARES TR	iShares JPM Emerging Market Bonds - ETF	464288281	222	2,024	SH		SOLE	N/A	0	0	2,024
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	3,317	61,992	SH		SOLE	N/A	0	0	61,992
ISHARES TR	iShares MSCI ACWI - ETF	464288257	280	4,426	SH		SOLE	N/A	0	0	4,426
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	3,361	50,929	SH		SOLE	N/A	0	0	50,929
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	3,376	70,753	SH		SOLE	N/A	0	0	70,753
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	273	7,065	SH		SOLE	N/A	0	0	7,065
ISHARES TR	IShares Short Maturity Bond - ETF	46431W507	4,207	83,731	SH		SOLE	N/A	0	0	83,731
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	1,388	13,733	SH		SOLE	N/A	0	0	13,733
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	4,209	41,406	SH		SOLE	N/A	0	0	41,406
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	517	17,800	SH		SOLE	N/A	0	0	17,800
POWERSHARES GLOBAL ETF	Powershares High Yield Corporate Bond - ETF	73936T557	1,053	55,980	SH		SOLE	N/A	0	0	55,980
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	619	41,744	SH		SOLE	N/A	0	0	41,744
POWERSHARES GLOBAL ETF	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	4,753	117,317	SH		SOLE	N/A	0	0	117,317
POWERSHARES GLOBAL ETF	Powershares S&P 500 High Beta - ETF	73937B829	757	20,148	SH		SOLE	N/A	0	0	20,148
POWERSHARES GLOBAL ETF	Powershares Senior Bank Loan - ETF	73936Q769	5,414	232,769	SH		SOLE	N/A	0	0	232,769
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	948	7,613	SH		SOLE	N/A	0	0	7,613
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	893	15,098	SH		SOLE	N/A	0	0	15,098
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	947	25,108	SH		SOLE	N/A	0	0	25,108
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	974	6,087	SH		SOLE	N/A	0	0	6,087
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	981	9,399	SH		SOLE	N/A	0	0	9,399
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	991	10,361	SH		SOLE	N/A	0	0	10,361
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	1,861	15,409	SH		SOLE	N/A	0	0	15,409
RYDEX ETF TRUST	Guggenheim High Yield Corporate Bond - ETF	18383M373	617	25,175	SH		SOLE	N/A	0	0	25,175
RYDEX ETF TRUST	Guggenheim HY Corp. Bond 2017 -ETF	18383M399	440	17,128	SH		SOLE	N/A	0	0	17,128
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	997	24,455	SH		SOLE	N/A	0	0	24,455
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	8,287	160,002	SH		SOLE	N/A	0	0	160,002
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	895	15,689	SH		SOLE	N/A	0	0	15,689
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	426	8,448	SH		SOLE	N/A	0	0	8,448
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,135	65,658	SH		SOLE	N/A	0	0	65,658
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,241	22,346	SH		SOLE	N/A	0	0	22,346
SELECT SECTRO SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,636	71,253	SH		SOLE	N/A	0	0	71,253
SELECT SECTRO SPDR TR	Sector SPDR Regional Banking - ETF	78464A698	4,397	80,523	SH		SOLE	N/A	0	0	80,523
SELECT SECTRO SPDR TR	Sector SPDR Technology - ETF	81369Y803	4,265	79,995	SH		SOLE	N/A	0	0	79,995
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	542	11,305	SH		SOLE	N/A	0	0	11,305
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,209	24,967	SH		SOLE	N/A	0	0	24,967
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	8,977	321,050	SH		SOLE	N/A	0	0	321,050
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	4,795	54,405	SH		SOLE	N/A	0	0	54,405
VANGUARD BD INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	645	7,949	SH		SOLE	N/A	0	0	7,949
VANGUARD INDEX FDS	Vanguard S&P 500 - ETF	922908363	4,183	19,334	SH		SOLE	N/A	0	0	19,334
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	2,901	53,594	SH		SOLE	N/A	0	0	53,594
WISDOM TR	WisdomTree Europe USD Hedged Equity - ETF	97717X701	4,408	70,179	SH		SOLE	N/A	0	0	70,179