Kalos Management 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

OMB APPROVAL

OMB Number:		3235-0006
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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
Apple Inc.	COM	037833100	1,540	14,228	SH		DFND		0	14,228	0
ABBVIE INC.	COM	00287Y109	603	10,192	SH		DFND		0	10,192	0
iShares Core Total US Bond Market ETF	ETF	464287226	301	2,783	SH		DFND		0	2,783	0
AGRITEK HLDGS INC COM	ETN	00856J103	0	10,416	SH		DFND		0	10,416	0
JPMorgan Alerian MLP Index ETN	COM	46625H365	313	10,831	SH		DFND		0	10,831	0
ANIKA THERAPEUTICS INC COM	ETF	035255108	861	19,254	SH		DFND		0	19,254	0
Global X Fds Global X Msci Argentina Etf	COM	37950e259	518	28,663	SH		DFND		0	28,663	0
Yamana Gold Inc Com Npv	COM	98462Y100	32	17,382	SH		DFND		0	17,382	0
BOEING CO COM	COM	097023105	350	2,758	SH		DFND		0	2,758	0
Biogen Idec Inc	COM	09062X103	249	815	SH		DFND		0	815	0
Cal Maine Foods Inc	COM	128030202	2,074	44,752	SH		DFND		0	44,752	0
Caterpillar Inc	COM	149123101	441	5,815	SH		DFND		0	5,815	0
Coeur D Alene Mines Corp	COM	192108504	30	11,946	SH		DFND		0	11,946	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	908	38,519	SH		DFND		0	38,519	0
Chemed Corp New	COM	16359R103	798	5,326	SH		DFND		0	5,326	0
Capital One Financial Corporation	COM	14040H105	209	2,894	SH		DFND		0	2,894	0
COACH INC COM	COM	189754104	350	8,728	SH		DFND		0	8,728	0
Computer Sciences Corp	COM	205363104	2,013	61,597	SH		DFND		0	61,597	0
Cisco Systems Inc	COM	17275R102	1,441	53,011	SH		DFND		0	53,011	0
CVS Corporation	COM	126650100	360	3,474	SH		DFND		0	3,474	0
SPDR Barclays Conv Secs ETF	ETF	78464A359	2,023	46,751	SH		DFND		0	46,751	0
SPDR DOW JONES INDUSTRIAL AVERAGE ETF	ETF	78467X109	468	2,651	SH		DFND		0	2,651	0
Walt Disney Co	COM	254687106	559	5,601	SH		DFND		0	5,601	0
iShares Dow Jones Select Dividend	ETF	464287168	1,555	20,543	SH		DFND		0	20,543	0
eBay Inc	COM	278642103	286	10,424	SH		DFND		0	10,424	0
iShares Inc Mcsi Chile Investable	ETF	464286640	638	19,989	SH		DFND		0	19,989	0
iShares MSCI Emerging Markets Asia	ETF	464286426	843	16,729	SH		DFND		0	16,729	0
iShares MSCI EAFE Index	ETF	464287465	972	16,558	SH		DFND		0	16,558	0
iShares JPMorgan USD Emerging Mkts Bond	ETF	464288281	1,230	11,626	SH		DFND		0	11,626	0
iShares S&P Emerging Mkts	ETF	464288216	771	28,272	SH		DFND		0	28,272	0
iShares MSCI New Zealand Capped	ETF	464289123	431	11,508	SH		DFND		0	11,508	0
iShares MSCI Philippines Invstb Mkt Idx	ETF	46429B408	559	16,581	SH		DFND		0	16,581	0
iShares MSCI Australia Index	ETF	464286103	383	20,183	SH		DFND		0	20,183	0
iShares MSCI Sweden Index	ETF	464286756	410	14,065	SH		DFND		0	14,065	0
iShares MSCI Germany	ETF	464286806	427	16,320	SH		DFND		0	16,320	0
iShares MSCI Hong Kong Index	ETF	464286871	448	22,608	SH		DFND		0	22,608	0
iShares MSCI Malaysia Index	ETF	464286830	542	70,055	SH		DFND		0	70,055	0
iShares MSCI Netherlands	ETF	464286814	434	18,225	SH		DFND		0	18,225	0
iShares MSCI Austria Index Fund	ETF	464286202	448	28,656	SH		DFND		0	28,656	0
iShares MSCI Singapore Index	ETF	464286673	386	37,565	SH		DFND		0	37,565	0
iShares MSCI Taiwan Index Fd	ETF	464286731	530	41,531	SH		DFND		0	41,531	0
iShares MSCI United Kingdom Ind Fund	ETF	46434V548	319	19,776	SH		DFND		0	19,776	0
SPDR S&P Emerging Markets Small Cap	ETF	78463X756	1,186	31,442	SH		DFND		0	31,442	0
Facebook Inc Com Usd0.000006 Cl A	COM	30303M102	390	3,463	SH		DFND		0	3,463	0
Fiserv Inc	COM	337738108	273	2,987	SH		DFND		0	2,987	0
FS INVT CORP COM	COM	302635107	402	43,860	SH		DFND		0	43,860	0
iShares FTSE NAREIT Real Estate 50	ETF	464288521	1,680	35,491	SH		DFND		0	35,491	0
General Electric Company	COM	369604103	323	10,256	SH		DFND		0	10,256	0
Gilead Sciences Inc	COM	375558103	488	5,260	SH		DFND		0	5,260	0
Gulfmark Offshore Inc	COM	402629208	84	17,916	SH		DFND		0	17,916	0
Corning Incorporated	COM	219350105	341	16,357	SH		DFND		0	16,357	0
GLOBUS MED INC CL A	COM	379577208	983	41,389	SH		DFND		0	41,389	0
GLOBAL NET LEASE INC COM	COM	379378102	147	17,201	SH		DFND		0	17,201	0
Google Cl. C	COM	02079K107	334	447	SH		DFND		0	447	0
Google Cl. A	COM	02079K305	225	293	SH		DFND		0	293	0
Guggenheim China Small Cap	ETF	18383Q853	548	22,673	SH		DFND		0	22,673	0
HARMAN INTL INDS INC COM	COM	413086109	703	7,900	SH		DFND		0	7,900	0
Home Depot, Inc.	COM	437076102	999	7,502	SH		DFND		0	7,502	0
HOME BANCSHARES INC COM	COM	436893200	318	7,755	SH		DFND		0	7,755	0
Hewlett Packard Enterprise Co Com	COM	42824C109	1,134	74,128	SH		DFND		0	74,128	0
Hewlett-Packard Co	COM	40434L105	885	74,627	SH		DFND		0	74,627	0
iShares Tr Iboxx High Yield Corp	ETF	464288513	282	3,504	SH		DFND		0	3,504	0
Advisorshares Tr Peritus High Yield ETF	ETF	00768Y503	387	11,860	SH		DFND		0	11,860	0
International Business Machines Corp	COM	459200101	298	1,973	SH		DFND		0	1,973	0
iShares C&S Realty Maj	ETF	464287564	1,091	10,978	SH		DFND		0	10,978	0
Iconix Brand Group Inc	COM	451055107	83	12,170	SH		DFND		0	12,170	0
iShares DJ US Utility Sector	ETF	464287697	1,633	15,103	SH		DFND		0	15,103	0
Icahn Enterprises Lp Despositary Unit	UNIT	451100101	1,231	20,082	SH		DFND		0	20,082	0
ishares Msci Europe Small-Cap	ETF	464288497	1,862	41,126	SH		DFND		0	41,126	0
International Game Technology	COM	G4863A108	1,494	92,332	SH		DFND		0	92,332	0
ISHARES S&P MID-CAP 400 VALUE ETF	ETF	464287705	442	3,567	SH		DFND		0	3,567	0
iShares S&P Smallcap 600 Value Index	ETF	464287879	432	3,812	SH		DFND		0	3,812	0
iShares MSCI India	ETF	46429B598	801	29,142	SH		DFND		0	29,142	0
ishares Core US Value ETF	ETF	464287663	1,384	10,863	SH		DFND		0	10,863	0
iShares S&P 500 Index	ETF	464287200	1,332	6,500	SH		DFND		0	6,500	0
ISHARES S&P 500 GROWTH ETF	ETF	464287309	4,188	36,134	SH		DFND		0	36,134	0
iShares Russell MC Idx	ETF	464287499	1,479	9,230	SH		DFND		0	9,230	0
iShares Tr S&P Global Info	ETF	464287291	1,196	12,266	SH	��	DFND		0	12,266	0
iShares DJ US Tech Sect Index	ETF	464287721	600	5,601	SH		DFND		0	5,601	0
Henry Jack & Associates Inc	COM	426281101	759	9,726	SH		DFND		0	9,726	0
Johnson & Johnson	COM	478160104	1,636	15,795	SH		DFND		0	15,795	0
JP Morgan Chase & Co.	COM	46625H100	2,455	37,227	SH		DFND		0	37,227	0
iShares S&P Global Utilities	ETF	464288711	530	11,055	SH		DFND		0	11,055	0
Coca Cola Company, Inc.	COM	191216100	296	6,602	SH		DFND		0	6,602	0
Kohl's Corporation	COM	500255104	1,861	39,066	SH		DFND		0	39,066	0
LOCATION BASED TECHNOLOGIES COM	COM	539573105	0	28,000	SH		DFND		0	28,000	0
LEGACY RESVS LP UNIT LP INT	UNIT	524707304	20	20,415	SH		DFND		0	20,415	0
LOCKHEED MARTIN CORP COM	COM	539830109	320	1,443	SH		DFND		0	1,443	0
iShares GS $ InvesTop Corporate Bond	ETF	464287242	275	2,412	SH		DFND		0	2,412	0
McKesson Corporation	COM	58155Q103	2,721	13,816	SH		DFND		0	13,816	0
Global X Fds Global X Mlp Etf	ETF	37950E473	392	37,763	SH		DFND		0	37,763	0
UBS ETRACS Alerian MLP Infras ETN	ETN	902641646	316	12,087	SH		DFND		0	12,087	0
Credit Suisse Nassau Etn Lkd To Cusing	ETN	22542D852	732	39,391	SH		DFND		0	39,391	0
Altria Group Inc	COM	02209S103	1,075	17,250	SH		DFND		0	17,250	0
MONOGRAM RESIDENTIAL TR INC COM	COM	60979P105	205	20,764	SH		DFND		0	20,764	0
MICROSOFT CORP COM	COM	594918104	1,491	26,988	SH		DFND		0	26,988	0
Mitsubishi Ufj Finl Group Inc Sponsored	COM	606822104	63	10,164	SH		DFND		0	10,164	0
Murphy Oil Corporation	COM	626717102	1,435	63,922	SH		DFND		0	63,922	0
NAVIOS MARITIME PARTNERS L P UNIT LPI	UNIT	Y62267102	19	15,322	SH		DFND		0	15,322	0
National Oilwell Varco Inc	COM	637071101	1,739	51,938	SH		DFND		0	51,938	0
Northstar Rlty Fin Corp Com	COM	66704R803	162	12,275	SH		DFND		0	12,275	0
Nvidia Corp	COM	67066G104	2,387	72,427	SH		DFND		0	72,427	0
NEW YORK REIT INC COM	COM	64976L109	283	27,988	SH		DFND		0	27,988	0
Realty Income Corp	COM	756109104	2,403	46,498	SH		DFND		0	46,498	0
Public Service Enterprises Group	COM	744573106	1,908	49,324	SH		DFND		0	49,324	0
PROCTER & GAMBLE CO COM	COM	742718109	449	5,457	SH		DFND		0	5,457	0
Pimco High Income Fund	ETF	722014107	337	41,218	SH		DFND		0	41,218	0
Powershares ETF Trust II Intl	ETF	73936Q835	1,049	41,599	SH		DFND		0	41,599	0
REYNOLDS AMERICAN INC COM	COM	761713106	314	6,250	SH		DFND		0	6,250	0
iShares MSCI EAFE Small-Cap	ETF	464288273	458	9,167	SH		DFND		0	9,167	0
SPDR Barclays Short Term Hi Yld Bd ETF	ETF	78468R408	248	9,648	SH		DFND		0	9,648	0
Spdr Ser Tr Dj Wilshire Small Cap	ETF	78464A300	1,310	14,106	SH		DFND		0	14,106	0
SUPER MICRO COMPUTER INC COM	COM	86800U104	1,053	30,903	SH		DFND		0	30,903	0
SANCHEZ ENERGY CORP COM	COM	79970Y105	156	28,471	SH		DFND		0	28,471	0
The Southern Company	COM	842587107	350	7,165	SH		DFND		0	7,165	0
SORL Auto Parts Inc	COM	78461U101	29	11,657	SH		DFND		0	11,657	0
SPARTON CORP COM	COM	847235108	610	33,902	SH		DFND		0	33,902	0
Spdr Ser Tr Dj Wilshire Large Cap	ETF	78464A508	595	6,208	SH		DFND		0	6,208	0
Ssga Active Etf Tr Blackstone / Gso SR L	ETF	78467V608	312	6,755	SH		DFND		0	6,755	0
STRATASYS LTD SHS	COM	M85548101	227	8,760	SH		DFND		0	8,760	0
Constellation Brands Inc Cl A	COM	21036P108	237	1,663	SH		DFND		0	1,663	0
The Stanley Works	COM	854502101	1,863	17,452	SH		DFND		0	17,452	0
SYNCHRONY FINL COM	COM	87165B103	1,274	44,465	SH		DFND		0	44,465	0
AT&T	COM	00206R102	297	7,857	SH		DFND		0	7,857	0
Target Corp	COM	87612E106	626	8,613	SH		DFND		0	8,613	0
iShares MSCI Thailand Capped Index Fd	ETF	464286624	566	9,656	SH		DFND		0	9,656	0
TRECORA RES COM	COM	894648104	447	46,435	SH		DFND		0	46,435	0
The Travelers Cos Inc	COM	89417E109	1,678	14,860	SH		DFND		0	14,860	0
Tyson Foods Incorporated	COM	902494103	337	6,211	SH		DFND		0	6,211	0
UnumProvident Corporation	COM	91529Y106	1,612	48,416	SH		DFND		0	48,416	0
VISA INC COM CL A	COM	92826C839	852	11,138	SH		DFND		0	11,138	0
Vanguard Inter-Term Corporate Bond	ETF	92206C870	1,180	14,028	SH		DFND		0	14,028	0
Vanguard Europe Pacific ETF	ETF	921943858	1,434	39,065	SH		DFND		0	39,065	0
VEREIT INC COM	COM	92339V100	694	78,264	SH		DFND		0	78,264	0
Market Vectors Etf Tr Vietnam Etf	ETF	57060U761	514	34,721	SH		DFND		0	34,721	0
Vanguard Index Fds S&P 500 Etf Shs	ETF	922908363	4,145	21,982	SH		DFND		0	21,982	0
Ventas Inc	COM	92276F100	270	4,730	SH		DFND		0	4,730	0
Vanguard Emerging Markets Stock ETF	ETF	922042858	2,740	83,748	SH		DFND		0	83,748	0
Verizon Communications	COM	92343V104	1,566	33,686	SH		DFND		0	33,686	0
Spdr Ser Tr Db Intl Govt Inflation	ETF	78464A490	820	16,287	SH		DFND		0	16,287	0
Wal-Mart Stores Inc	COM	931142103	2,951	45,618	SH		DFND		0	45,618	0
SPDR Ser Tr S&P Biotech Etf	ETF	78464A870	603	8,646	SH		DFND		0	8,646	0
Exxon Mobil Corp	COM	30231G102	796	9,591	SH		DFND		0	9,591	0