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
GLOBAL X	Global X MLP - ETF	37950E473	1,436	171,330	SH		SOLE	N/A	0	0	171,330
ISHARES TR	iShares Barclays 20+ Year Treasury - ETF	464287432	4,020	28,096	SH		SOLE	N/A	0	0	28,096
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	953	8,418	SH		SOLE	N/A	0	0	8,418
ISHARES TR	iShares Barclays Intermediate Credit - ETF	464288638	8,303	143,345	SH		SOLE	N/A	0	0	143,345
ISHARES TR	iShares Int'l Aggregate Bond - ETF	46435G672	3,561	63,829	SH		SOLE	N/A	0	0	63,829
ISHARES TR	iShares Investment Grade Corp Bonds- ETF	464287242	8,277	64,930	SH		SOLE	N/A	0	0	64,930
ISHARES TR	iShares JPM Emerging Market Bonds - ETF	464288281	3,950	34,846	SH		SOLE	N/A	0	0	34,846
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	6,022	105,485	SH		SOLE	N/A	0	0	105,485
ISHARES TR	iShares MSCI ACWI - ETF	464288257	283	3,836	SH		SOLE	N/A	0	0	3,836
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	6,044	82,481	SH		SOLE	N/A	0	0	82,481
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	10,937	170,619	SH		SOLE	N/A	0	0	170,619
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	297	5,901	SH		SOLE	N/A	0	0	5,901
PIMCO	Pimco Enhanced Short Maturity - ETF	72201R833	287	2,820	SH		SOLE	N/A	0	0	2,820
POWERSHARES GLOBAL ETF	Invesco BulletShares 2024 Corp. Bnd. - ETF	46138J841	357	16,675	SH		SOLE	N/A	0	0	16,675
POWERSHARES GLOBAL ETF	Invesco Emerging Market Debt - ETF	73936T573	684	23,475	SH		SOLE	N/A	0	0	23,475
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Utilities - ETF	78355W791	1,885	17,672	SH		SOLE	N/A	0	0	17,672
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Disc. - ETF	78355W882	1,853	17,731	SH		SOLE	N/A	0	0	17,731
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Staples - ETF	78355W874	1,922	13,693	SH		SOLE	N/A	0	0	13,693
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Energy - ETF	78355W866	1,729	38,964	SH		SOLE	N/A	0	0	38,964
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Financials - ETF	78355W858	1,943	44,510	SH		SOLE	N/A	0	0	44,510
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Health Care - ETF	78355W841	1,801	9,188	SH		SOLE	N/A	0	0	9,188
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Industrials - ETF	78355W833	1,948	15,401	SH		SOLE	N/A	0	0	15,401
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Materials - ETF	78355W825	1,914	17,568	SH		SOLE	N/A	0	0	17,568
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Technology - ETF	78355W817	2,061	11,528	SH		SOLE	N/A	0	0	11,528
POWERSHARES GLOBAL ETF	Invesco High Yield Corporate Bond - ETF	73936T557	611	32,129	SH		SOLE	N/A	0	0	32,129
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2021 - ETF	18383M225	727	29,511	SH		SOLE	N/A	0	0	29,511
POWERSHARES GLOBAL ETF	Invesco Preferred - ETF	73936T565	5,230	348,187	SH		SOLE	N/A	0	0	348,187
POWERSHARES GLOBAL ETF	Invesco Senior Bank Loan - ETF	73936Q769	867	38,400	SH		SOLE	N/A	0	0	38,400
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	12,128	225,226	SH		SOLE	N/A	0	0	225,226
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	2,297	48,706	SH		SOLE	N/A	0	0	48,706
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	553	10,940	SH		SOLE	N/A	0	0	10,940
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	5,964	85,529	SH		SOLE	N/A	0	0	85,529
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,773	31,235	SH		SOLE	N/A	0	0	31,235
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	397	3,286	SH		SOLE	N/A	0	0	3,286
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	297	4,831	SH		SOLE	N/A	0	0	4,831
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	304	3,775	SH		SOLE	N/A	0	0	3,775
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	291	4,493	SH		SOLE	N/A	0	0	4,493
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	937	18,483	SH		SOLE	N/A	0	0	18,483
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	2,154	43,965	SH		SOLE	N/A	0	0	43,965
SPDR SERIES TR	SPDR Long Term Corporate	78464A367	384	12,764	SH		SOLE	N/A	0	0	12,764
SPDR SERIES TR	SPDR Long Term Treasury - ETF	78464A664	386	9,417	SH		SOLE	N/A	0	0	9,417
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,490	5,020	SH		SOLE	N/A	0	0	5,020
SPDR SERIES TR	SPDR US Large Cap Low Volatility Index - ETF	78468R804	377	3,383	SH		SOLE	N/A	0	0	3,383
VANECK VECTORS	Market Vectors Gold Miners - ETF	92189F106	3,788	141,828	SH		SOLE	N/A	0	0	141,828
VANGAURD INDEX FUNDS	Vanguard Total Stock Market - ETF	922908769	496	3,282	SH		SOLE	N/A	0	0	3,282
VANGUARD BOND INDEX	Vanguard Bond Index Fund - ETF	921937835	755	8,940	SH		SOLE	N/A	0	0	8,940
VANGUARD BOND INDEX	Vanguard Corporate Bond - ETF	92206C870	3,568	39,101	SH		SOLE	N/A	0	0	39,101
VANGUARD BOND INDEX	Vanguard Long Term Bond	921937793	3,982	38,783	SH		SOLE	N/A	0	0	38,783
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	1,162	19,746	SH		SOLE	N/A	0	0	19,746
VANGUARD INDEX FUNDS	Vanguard REIT - ETF	922908553	3,893	41,745	SH		SOLE	N/A	0	0	41,745