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	942	107,930	SH		SOLE	N/A	0	0	107,930
FIRST TR EXCHANGE TRADED FD	First Trust Short Maturity - ETF	33739Q408	7,033	117,517	SH		SOLE	N/A	0	0	117,517
GLOBAL X	Global X MLP - ETF	37950E473	285	37,216	SH		SOLE	N/A	0	0	37,216
ISHARES TR	iShares Barclays 20+ Year Treasury - ETF	464287432	7,053	58,043	SH		SOLE	N/A	0	0	58,043
ISHARES TR	iShares Barclays 7-10 Year Treasury - ETF	464287440	3,695	35,457	SH		SOLE	N/A	0	0	35,457
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	329	3,088	SH		SOLE	N/A	0	0	3,088
ISHARES TR	iShares Barclays Short Treasury - ETF	464288679	2,386	21,631	SH		SOLE	N/A	0	0	21,631
ISHARES TR	iShares Floating Rate Bond - ETF	46429B655	320	6,354	SH		SOLE	N/A	0	0	6,354
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	4,442	79,513	SH		SOLE	N/A	0	0	79,513
ISHARES TR	iShares MSCI ACWI - ETF	464288257	261	4,071	SH		SOLE	N/A	0	0	4,071
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,392	65,883	SH		SOLE	N/A	0	0	65,883
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	4,740	90,467	SH		SOLE	N/A	0	0	90,467
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	6,231	124,988	SH		SOLE	N/A	0	0	124,988
PIMCO	Pimco Enhanced Short Maturity - ETF	72201R833	7,230	71,617	SH		SOLE	N/A	0	0	71,617
POWERSHARES GLOBAL ETF	Invesco Emerging Market Debt - ETF	73936T573	576	21,805	SH		SOLE	N/A	0	0	21,805
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Utilities - ETF	78355W791	1,315	14,817	SH		SOLE	N/A	0	0	14,817
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Disc. - ETF	78355W882	1,270	14,135	SH		SOLE	N/A	0	0	14,135
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Staples - ETF	78355W874	1,294	11,111	SH		SOLE	N/A	0	0	11,111
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Energy - ETF	78355W866	1,205	27,927	SH		SOLE	N/A	0	0	27,927
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Financials - ETF	78355W858	1,295	35,613	SH		SOLE	N/A	0	0	35,613
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Health Care - ETF	78355W841	1,331	7,500	SH		SOLE	N/A	0	0	7,500
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Industrials - ETF	78355W833	1,316	12,739	SH		SOLE	N/A	0	0	12,739
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Materials - ETF	78355W825	1,336	14,133	SH		SOLE	N/A	0	0	14,133
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Technology - ETF	78355W817	1,411	10,020	SH		SOLE	N/A	0	0	10,020
POWERSHARES GLOBAL ETF	Invesco High Yield Corporate Bond - ETF	73936T557	520	29,406	SH		SOLE	N/A	0	0	29,406
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2019 - ETF	18383M373	646	27,323	SH		SOLE	N/A	0	0	27,323
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2021 - ETF	18383M225	604	25,536	SH		SOLE	N/A	0	0	25,536
POWERSHARES GLOBAL ETF	Invesco IG Corp. Bond 2019 - ETF	18383M522	850	40,360	SH		SOLE	N/A	0	0	40,360
POWERSHARES GLOBAL ETF	Invesco IG Corporate Bond 2020 - ETF	18383M514	713	33,842	SH		SOLE	N/A	0	0	33,842
POWERSHARES GLOBAL ETF	Invesco Preferreds - ETF	73936T565	750	55,692	SH		SOLE	N/A	0	0	55,692
POWERSHARES GLOBAL ETF	Invesco Senior Bank Loan - ETF	73936Q769	715	32,815	SH		SOLE	N/A	0	0	32,815
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,337	34,710	SH		SOLE	N/A	0	0	34,710
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	10,997	217,380	SH		SOLE	N/A	0	0	217,380
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	602	12,062	SH		SOLE	N/A	0	0	12,062
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,584	75,537	SH		SOLE	N/A	0	0	75,537
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,436	26,965	SH		SOLE	N/A	0	0	26,965
SCHWAB STRATEGIC TR	Sector SPDR Consumer Staples - ETF	81369Y308	309	6,081	SH		SOLE	N/A	0	0	6,081
SCHWAB STRATEGIC TR	Sector SPDR Technology - ETF	81369Y803	302	4,866	SH		SOLE	N/A	0	0	4,866
SCHWAB STRATEGIC TR	Sector SPDR Utility Select - ETF	81369Y886	3,724	70,371	SH		SOLE	N/A	0	0	70,371
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	395	3,986	SH		SOLE	N/A	0	0	3,986
SPDR SERIES TR	SPDR Invt Grade Fltg Rate - ETF	78468R200	489	16,087	SH		SOLE	N/A	0	0	16,087
SPDR SERIES TR	SPDR 1-3 Month T-Bill - ETF	78468R663	4,647	50,812	SH		SOLE	N/A	0	0	50,812
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	2,935	61,002	SH		SOLE	N/A	0	0	61,002
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,616	33,622	SH		SOLE	N/A	0	0	33,622
SPDR SERIES TR	SPDR Long Term Treaasury - ETF	78464A664	853	24,355	SH		SOLE	N/A	0	0	24,355
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,112	4,451	SH		SOLE	N/A	0	0	4,451
VANGUARD BOND INDEX FD	Vanguard Bond Index Fund - ETF	921937835	592	7,474	SH		SOLE	N/A	0	0	7,474
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,901	71,913	SH		SOLE	N/A	0	0	71,913
VANGUARD INDEX FDS	Vanguard Total Stock Market - ETF	922908769	512	4,013	SH		SOLE	N/A	0	0	4,013