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	981	104,705	SH		SOLE	N/A	0	0	104,705
FIRST TR EXCHANGE TRADED FD	First Trust Dow Jones Internet Fund - ETF	33733E302	234	1,940	SH		SOLE	N/A	0	0	1,940
Global X Funds	Global X MLP - ETF	37950E473	296	34,918	SH		SOLE	N/A	0	0	34,918
RYDEX ETF TRUST	Guggenheim Equal Wgt. Utilities - ETF	78355W791	1,142	13,832	SH		SOLE	N/A	0	0	13,832
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Disc. - ETF	78355W882	1,243	12,637	SH		SOLE	N/A	0	0	12,637
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,263	9,978	SH		SOLE	N/A	0	0	9,978
RYDEX ETF TRUST	Guggenheim Equal Wgt. Energy - ETF	78355W866	1,288	23,664	SH		SOLE	N/A	0	0	23,664
RYDEX ETF TRUST	Guggenheim Equal Wgt. Financials - ETF	78355W858	1,334	30,399	SH		SOLE	N/A	0	0	30,399
RYDEX ETF TRUST	Guggenheim Equal Wgt. Health Care - ETF	78355W841	1,268	7,059	SH		SOLE	N/A	0	0	7,059
RYDEX ETF TRUST	Guggenheim Equal Wgt. Industrials - ETF	78355W833	1,339	11,217	SH		SOLE	N/A	0	0	11,217
RYDEX ETF TRUST	Guggenheim Equal Wgt. Materials - ETF	78355W825	1,348	12,687	SH		SOLE	N/A	0	0	12,687
RYDEX ETF TRUST	Guggenheim Equal Wgt. Technology - ETF	78355W817	2,144	14,169	SH		SOLE	N/A	0	0	14,169
RYDEX ETF TRUST	Guggenheim HY Corporate Bond 2019 - ETF	18383M373	1,042	42,854	SH		SOLE	N/A	0	0	42,854
RYDEX ETF TRUST	Guggenheim HY Corporate Bond 2021 - ETF	18383M225	502	20,349	SH		SOLE	N/A	0	0	20,349
ISHARES TR	iShares Floating Rate Bond - ETF	46429B655	570	11,200	SH		SOLE	N/A	0	0	11,200
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	4,710	75,547	SH		SOLE	N/A	0	0	75,547
ISHARES TR	iShares MSCI ACWI - ETF	464288257	285	3,977	SH		SOLE	N/A	0	0	3,977
ISHARES TR	iShares MSCI Asia Ex-Japan - ETF	464288182	3,673	47,370	SH		SOLE	N/A	0	0	47,370
ISHARES TR	iShares MSCI Brazil - ETF	464286400	3,654	81,423	SH		SOLE	N/A	0	0	81,423
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,591	62,305	SH		SOLE	N/A	0	0	62,305
ISHARES TR	iShares MSCI Hong Kong - ETF	464286871	3,414	134,902	SH		SOLE	N/A	0	0	134,902
ISHARES TR	iShares MSCI South Korea - ETF	464286772	3,668	48,609	SH		SOLE	N/A	0	0	48,609
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	4,409	84,908	SH		SOLE	N/A	0	0	84,908
ISHARES TR	iShares S&P SmallCap 600 - ETF	464287804	340	4,410	SH		SOLE	N/A	0	0	4,410
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	257	6,832	SH		SOLE	N/A	0	0	6,832
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	3,900	77,748	SH		SOLE	N/A	0	0	77,748
KRANESHARES TR	Kraneshares CSI China Internet - ETF	500767306	505	8,216	SH		SOLE	N/A	0	0	8,216
PIMCO ETF TR	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	495	4,968	SH		SOLE	N/A	0	0	4,968
PIMCO ETF TR	Pimco Enhanced Short Maturity - ETF	72201R833	3,869	38,100	SH		SOLE	N/A	0	0	38,100
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	604	21,416	SH		SOLE	N/A	0	0	21,416
POWERSHARES GLOBAL ETF	Powershares High Yield Corporate Bond - ETF	73936T557	517	27,931	SH		SOLE	N/A	0	0	27,931
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	761	52,104	SH		SOLE	N/A	0	0	52,104
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	4,997	216,052	SH		SOLE	N/A	0	0	216,052
SCHWAB STRATEGIC TR	Schwab Intl Small-Cap - ETF	808524888	609	16,689	SH		SOLE	N/A	0	0	16,689
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,242	32,467	SH		SOLE	N/A	0	0	32,467
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	9,479	185,796	SH		SOLE	N/A	0	0	185,796
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	852	13,358	SH		SOLE	N/A	0	0	13,358
SCHWAB STRATEGIC TR	Schwab US Large Cap - ETF	808524201	321	5,095	SH		SOLE	N/A	0	0	5,095
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	478	9,594	SH		SOLE	N/A	0	0	9,594
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,810	69,579	SH		SOLE	N/A	0	0	69,579
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,416	25,799	SH		SOLE	N/A	0	0	25,799
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	3,985	39,338	SH		SOLE	N/A	0	0	39,338
SELECT SECTOR SPDR TR	Sector SPDR Financial Select - ETF	81369Y605	557	20,208	SH		SOLE	N/A	0	0	20,208
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	4,017	54,077	SH		SOLE	N/A	0	0	54,077
SELECT SECTOR SPDR TR	Sector SPDR Regional Banking - ETF	78464A698	3,643	60,321	SH		SOLE	N/A	0	0	60,321
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	4,091	62,531	SH		SOLE	N/A	0	0	62,531
SPDR SERIES TR	SPDR Blmbrg Barclay Intl Tsy - ETF	78464A516	721	24,442	SH		SOLE	N/A	0	0	24,442
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	623	12,973	SH		SOLE	N/A	0	0	12,973
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,382	28,898	SH		SOLE	N/A	0	0	28,898
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	4,003	146,259	SH		SOLE	N/A	0	0	146,259
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,812	6,885	SH		SOLE	N/A	0	0	6,885
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	639	5,991	SH		SOLE	N/A	0	0	5,991
SPDR SERIES TR	SPDR S&P Emg. Mkt Small Cap - ETF	78463X756	625	11,911	SH		SOLE	N/A	0	0	11,911
SPDR SERIES TR	SPDR S&P Emg. Mkt. Dividend - ETF	78463X533	578	16,294	SH		SOLE	N/A	0	0	16,294
VANGUARD BD INDEX FD INC	Vanguard Bond Index Fund - ETF	921937835	839	10,500	SH		SOLE	N/A	0	0	10,500
VANGUARD INTL EQUITY INDEX	Vanguard Emerging Market - ETF	922042858	684	14,564	SH		SOLE	N/A	0	0	14,564
VANGUARD TAX MANAGED INTL FD	Vanguard Europe Pacific - ETF	921943858	847	19,132	SH		SOLE	N/A	0	0	19,132
VANGUARD INDEX FDS	Vanguard Mid Cap -ETF	922908629	511	3,316	SH		SOLE	N/A	0	0	3,316
VANGUARD INDEX FDS	Vanguard S&P 500 - ETF	922908363	3,701	15,290	SH		SOLE	N/A	0	0	15,290
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,779	69,053	SH		SOLE	N/A	0	0	69,053