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	972	86,647	SH		SOLE	N/A	0	0	86,647
CLAYMORE EXCHANGE TRD FD TR	Guggenheim High Yield Corporate Bond - ETF	18383M373	969	39,216	SH		SOLE	N/A	0	0	39,216
DBX ETF TR	Deutsch MSCI EAFE USD Hedged - ETF	233051200	3,709	119,539	SH		SOLE	N/A	0	0	119,539
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	354	34,412	SH		SOLE	N/A	0	0	34,412
ISHARES TR	iShares MSCI Asia Ex-Japan - ETF	464288182	7,650	105,929	SH		SOLE	N/A	0	0	105,929
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	4,210	72,467	SH		SOLE	N/A	0	0	72,467
ISHARES TR	iShares MSCI ACWI - ETF	464288257	288	4,178	SH		SOLE	N/A	0	0	4,178
ISHARES TR	iShares MSCI Brazil - ETF	464286400	3,676	88,166	SH		SOLE	N/A	0	0	88,166
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,131	58,133	SH		SOLE	N/A	0	0	58,133
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	3,988	79,223	SH		SOLE	N/A	0	0	79,223
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	265	6,832	SH		SOLE	N/A	0	0	6,832
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	3,979	79,131	SH		SOLE	N/A	0	0	79,131
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	511	5,034	SH		SOLE	N/A	0	0	5,034
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	3,968	38,976	SH		SOLE	N/A	0	0	38,976
POWERSHARES	Powershares Emerging Market Debt - ETF	73936T573	548	18,419	SH		SOLE	N/A	0	0	18,419
POWERSHARES	Powershares High Yield Corporate Bond - ETF	73936T557	960	50,310	SH		SOLE	N/A	0	0	50,310
POWERSHARES	Powershares Preferreds - ETF	73936T565	656	43,619	SH		SOLE	N/A	0	0	43,619
POWERSHARES	Powershares QQQ - ETF	73935A104	547	3,763	SH		SOLE	N/A	0	0	3,763
POWERSHARES	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	224	5,568	SH		SOLE	N/A	0	0	5,568
POWERSHARES	Powershares Senior Bank Loan - ETF	73936Q769	4,994	215,610	SH		SOLE	N/A	0	0	215,610
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	1,051	12,196	SH		SOLE	N/A	0	0	12,196
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	1,079	11,593	SH		SOLE	N/A	0	0	11,593
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,087	8,865	SH		SOLE	N/A	0	0	8,865
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	1,177	21,371	SH		SOLE	N/A	0	0	21,371
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	1,199	29,040	SH		SOLE	N/A	0	0	29,040
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	1,180	6,734	SH		SOLE	N/A	0	0	6,734
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	1,199	10,675	SH		SOLE	N/A	0	0	10,675
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	1,239	11,927	SH		SOLE	N/A	0	0	11,927
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	2,061	15,261	SH		SOLE	N/A	0	0	15,261
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	8,482	161,992	SH		SOLE	N/A	0	0	161,992
SCHWAB STRATEGIC TR	Schwab Intl Small-Cap - ETF	808524888	574	16,015	SH		SOLE	N/A	0	0	16,015
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,178	28,650	SH		SOLE	N/A	0	0	28,650
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	844	13,861	SH		SOLE	N/A	0	0	13,861
SCHWAB STRATEGIC TR	Schwab US Large Cap - ETF	808524201	218	3,624	SH		SOLE	N/A	0	0	3,624
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	431	8,550	SH		SOLE	N/A	0	0	8,550
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,449	66,034	SH		SOLE	N/A	0	0	66,034
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,258	22,760	SH		SOLE	N/A	0	0	22,760
SELECT SECTOR SPDR TR	Sector SPDR Financial Select - ETF	81369Y605	382	14,784	SH		SOLE	N/A	0	0	14,784
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,179	58,856	SH		SOLE	N/A	0	0	58,856
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	3,929	66,480	SH		SOLE	N/A	0	0	66,480
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	567	11,600	SH		SOLE	N/A	0	0	11,600
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,228	25,265	SH		SOLE	N/A	0	0	25,265
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	4,318	154,393	SH		SOLE	N/A	0	0	154,393
SPDR SERIES TR	SPDR Euro Stoxx 50 -ETF	78463X202	3,632	88,045	SH		SOLE	N/A	0	0	88,045
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,273	5,069	SH		SOLE	N/A	0	0	5,069
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	297	3,255	SH		SOLE	N/A	0	0	3,255
SPDR SERIES TR	SPDR S&P Emg. Mkt Asian Pac. - ETF	78463X301	629	6,347	SH		SOLE	N/A	0	0	6,347
SPDR SERIES TR	SPDR S&P Emg. Mkt Small Cap - ETF	78463X756	620	12,520	SH		SOLE	N/A	0	0	12,520
VANGUARD CHARLOTTE FUNDS	Vanguard Emerging Market - ETF	922042858	473	10,864	SH		SOLE	N/A	0	0	10,864
VANGUARD CHARLOTTE FUNDS	Vanguard Europe Pacific - ETF	921943858	610	14,045	SH		SOLE	N/A	0	0	14,045
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,409	62,455	SH		SOLE	N/A	0	0	62,455
VANGUARD INDEX FUNDS	Vanguard Mid Cap -ETF	922908629	364	2,476	SH		SOLE	N/A	0	0	2,476
VANGUARD INDEX FUNDS	Vanguard S&P 500 - ETF	922908363	3,701	16,038	SH		SOLE	N/A	0	0	16,038
VANGUARDE BD INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	1,610	19,645	SH		SOLE	N/A	0	0	19,645
VANGUARG INTL EQUITY INDEX.	Vanguard European - ETF	922042874	415	7,115	SH		SOLE	N/A	0	0	7,115
WisdomTr	WisdomTree Japan USD Hedged Equity - ETF	97717W851	3,959	72,368	SH		SOLE	N/A	0	0	72,368