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	986	82,478	SH		SOLE	N/A	0	0	82,478
DBX ETF TR	Deutsch MSCI EAFE USD Hedged - ETF	233051200	4,127	137,475	SH		SOLE	N/A	0	0	137,475
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	362	33,184	SH		SOLE	N/A	0	0	33,184
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	3,845	69,401	SH		SOLE	N/A	0	0	69,401
ISHARES TR	iShares MSCI ACWI - ETF	464288257	280	4,283	SH		SOLE	N/A	0	0	4,283
ISHARES TR	iShares MSCI Asia Ex-Japan - ETF	464288182	8,306	123,140	SH		SOLE	N/A	0	0	123,140
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	3,796	54,827	SH		SOLE	N/A	0	0	54,827
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	3,683	75,267	SH		SOLE	N/A	0	0	75,267
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	277	7,065	SH		SOLE	N/A	0	0	7,065
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	4,070	80,954	SH		SOLE	N/A	0	0	80,954
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	1,113	10,984	SH		SOLE	N/A	0	0	10,984
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	4,051	39,827	SH		SOLE	N/A	0	0	39,827
POWERSHARES	Powershares Emerging Market Debt - ETF	73936T573	536	18,297	SH		SOLE	N/A	0	0	18,297
POWERSHARES	Powershares High Yield Corporate Bond - ETF	73936T557	970	50,979	SH		SOLE	N/A	0	0	50,979
POWERSHARES	Powershares Preferreds - ETF	73936T565	652	43,156	SH		SOLE	N/A	0	0	43,156
POWERSHARES	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	224	5,568	SH		SOLE	N/A	0	0	5,568
POWERSHARES	Powershares S&P 500 High Beta - ETF	73937B829	592	15,938	SH		SOLE	N/A	0	0	15,938
POWERSHARES	Powershares Senior Bank Loan - ETF	73936Q769	5,175	223,651	SH		SOLE	N/A	0	0	223,651
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	1,027	12,124	SH		SOLE	N/A	0	0	12,124
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	1,028	11,085	SH		SOLE	N/A	0	0	11,085
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,060	8,494	SH		SOLE	N/A	0	0	8,494
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	997	18,893	SH		SOLE	N/A	0	0	18,893
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	1,063	26,911	SH		SOLE	N/A	0	0	26,911
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	1,119	6,430	SH		SOLE	N/A	0	0	6,430
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	1,087	10,053	SH		SOLE	N/A	0	0	10,053
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	1,105	11,309	SH		SOLE	N/A	0	0	11,309
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	1,825	14,620	SH		SOLE	N/A	0	0	14,620
RYDEX ETF TRUST	Guggenheim High Yield Corporate Bond - ETF	18383M373	942	38,214	SH		SOLE	N/A	0	0	38,214
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,114	27,028	SH		SOLE	N/A	0	0	27,028
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	8,347	159,747	SH		SOLE	N/A	0	0	159,747
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	824	14,100	SH		SOLE	N/A	0	0	14,100
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	481	9,541	SH		SOLE	N/A	0	0	9,541
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	3,844	60,149	SH		SOLE	N/A	0	0	60,149
SELECT SECTOR SPDR TR	Schwab US TIPS - ETF	808524870	1,293	23,480	SH		SOLE	N/A	0	0	23,480
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,616	67,774	SH		SOLE	N/A	0	0	67,774
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	4,213	76,991	SH		SOLE	N/A	0	0	76,991
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	559	11,483	SH		SOLE	N/A	0	0	11,483
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,219	25,139	SH		SOLE	N/A	0	0	25,139
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	8,608	307,772	SH		SOLE	N/A	0	0	307,772
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	289	3,255	SH		SOLE	N/A	0	0	3,255
SPDR SERIES TR	SPDR S&P Emg. Mkt Asian Pac. - ETF	78463X301	594	6,494	SH		SOLE	N/A	0	0	6,494
SPDR SERIES TR	SPDR S&P Emg. Mkt Small Cap - ETF	78463X756	596	12,769	SH		SOLE	N/A	0	0	12,769
VANGUARD Bd INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	691	8,444	SH		SOLE	N/A	0	0	8,444
VANGUARD INDEX FUNDS	Vanguard S&P 500 - ETF	922908363	4,118	18,545	SH		SOLE	N/A	0	0	18,545
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,317	61,027	SH		SOLE	N/A	0	0	61,027
WisdomTr	WisdomTree Europe USD Hedged Equity - ETF	97717X701	4,156	66,672	SH		SOLE	N/A	0	0	66,672
WisdomTr	WisdomTree Japan USD Hedged Equity - ETF	97717W851	4,323	83,141	SH		SOLE	N/A	0	0	83,141