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	1,056	97,859	SH		SOLE	N/A	0	0	97,859
GLOBAL X FUNDS	Global X MLP - ETF	37950E473	353	35,817	SH		SOLE	N/A	0	0	35,817
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	1,088	12,683	SH		SOLE	N/A	0	0	12,683
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	1,188	11,877	SH		SOLE	N/A	0	0	11,877
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,217	9,106	SH		SOLE	N/A	0	0	9,106
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	1,261	21,632	SH		SOLE	N/A	0	0	21,632
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	1,288	29,180	SH		SOLE	N/A	0	0	29,180
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	1,238	6,893	SH		SOLE	N/A	0	0	6,893
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	1,279	10,601	SH		SOLE	N/A	0	0	10,601
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	1,355	12,019	SH		SOLE	N/A	0	0	12,019
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	2,061	14,414	SH		SOLE	N/A	0	0	14,414
RYDEX ETF TRUST	Guggenheim High Yield Corporate Bond - ETF	18383M373	999	40,966	SH		SOLE	N/A	0	0	40,966
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	4,401	72,438	SH		SOLE	N/A	0	0	72,438
ISHARES TR	iShares MSCI ACWI - ETF	464288257	293	4,065	SH		SOLE	N/A	0	0	4,065
ISHARES TR	iShares MSCI Asia Ex-Japan - ETF	464288182	3,625	47,517	SH		SOLE	N/A	0	0	47,517
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,305	58,995	SH		SOLE	N/A	0	0	58,995
ISHARES TR	iShares MSCI Germany - ETF	464286806	3,578	108,344	SH		SOLE	N/A	0	0	108,344
ISHARES TR	iShares MSCI South Korea - ETF	464286772	3,621	48,329	SH		SOLE	N/A	0	0	48,329
ISHARES TR	iShares MSCI USA Min Volatility - ETF	46429B697	4,246	80,440	SH		SOLE	N/A	0	0	80,440
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	260	6,832	SH		SOLE	N/A	0	0	6,832
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	3,894	77,688	SH		SOLE	N/A	0	0	77,688
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	516	5,131	SH		SOLE	N/A	0	0	5,131
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	3,896	38,362	SH		SOLE	N/A	0	0	38,362
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	563	19,047	SH		SOLE	N/A	0	0	19,047
POWERSHARES GLOBAL ETF	Powershares High Yield Corporate Bond - ETF	73936T557	989	52,174	SH		SOLE	N/A	0	0	52,174
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	678	45,617	SH		SOLE	N/A	0	0	45,617
POWERSHARES GLOBAL ETF	Powershares QQQ - ETF	73935A104	586	3,763	SH		SOLE	N/A	0	0	3,763
POWERSHARES GLOBAL ETF	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	224	5,568	SH		SOLE	N/A	0	0	5,568
POWERSHARES GLOBAL ETF	Powershares Senior Bank Loan - ETF	73936Q769	4,962	215,347	SH		SOLE	N/A	0	0	215,347
SCHWAB STRATEGIC TR	Schwab International Equity - ETF	808524805	748	21,956	SH		SOLE	N/A	0	0	21,956
SCHWAB STRATEGIC TR	Schwab Intl Small-Cap - ETF	808524888	628	17,136	SH		SOLE	N/A	0	0	17,136
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,226	29,455	SH		SOLE	N/A	0	0	29,455
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	8,923	171,462	SH		SOLE	N/A	0	0	171,462
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	884	13,694	SH		SOLE	N/A	0	0	13,694
SCHWAB STRATEGIC TR	Schwab US Large Cap - ETF	808524201	367	5,747	SH		SOLE	N/A	0	0	5,747
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	470	9,394	SH		SOLE	N/A	0	0	9,394
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,634	66,451	SH		SOLE	N/A	0	0	66,451
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,315	23,724	SH		SOLE	N/A	0	0	23,724
SELECT SECTOR SPDR TR	Sector SPDR Financial Select - ETF	81369Y605	4,117	147,500	SH		SOLE	N/A	0	0	147,500
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,170	55,108	SH		SOLE	N/A	0	0	55,108
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	4,070	63,637	SH		SOLE	N/A	0	0	63,637
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	581	11,873	SH		SOLE	N/A	0	0	11,873
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,228	25,629	SH		SOLE	N/A	0	0	25,629
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	4,057	147,215	SH		SOLE	N/A	0	0	147,215
SPDR SERIES TR	SPDR Euro Stoxx 50 - ETF	78463X202	3,581	87,974	SH		SOLE	N/A	0	0	87,974
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,353	5,069	SH		SOLE	N/A	0	0	5,069
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	308	3,255	SH		SOLE	N/A	0	0	3,255
SPDR SERIES TR	SPDR S&P Emg. Mkt Asian Pac. - ETF	78463X301	651	6,222	SH		SOLE	N/A	0	0	6,222
SPDR SERIES TR	SPDR S&P Emg. Mkt Small Cap - ETF	78463X756	641	12,331	SH		SOLE	N/A	0	0	12,331
VANGUARD BD INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	1,618	19,835	SH		SOLE	N/A	0	0	19,835
VANGUARD INTL EQUITY INDEX	Vanguard Emerging Market - ETF	922042858	499	10,864	SH		SOLE	N/A	0	0	10,864
VANGUARD TAX MANAGED INTL FD	Vanguard Europe Pacific - ETF	921943858	4,190	93,401	SH		SOLE	N/A	0	0	93,401
VANGUARD INTL EQUITY INDEX	Vanguard European - ETF	922042874	425	7,187	SH		SOLE	N/A	0	0	7,187
VANGUARD INDEX FDS	Vanguard Mid Cap -ETF	922908629	383	2,476	SH		SOLE	N/A	0	0	2,476
VANGUARD INDEX FDS	Vanguard S&P 500 - ETF	922908363	3,776	15,396	SH		SOLE	N/A	0	0	15,396
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,495	64,289	SH		SOLE	N/A	0	0	64,289