Kalos Management 13F-HR/A Quarterly holdings report by institutional manager (amended)

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
ACADIA PHARMACEUTICALS INC	COM	004225108	416	17,850	SH		DFND		0	17,850	0
AFLAC INC	COM	001055102	748	17,072	SH		DFND		0	17,072	0
ALPS ETF TR ALERIAN MLP	ETF	00162Q866	422	44,670	SH		DFND		0	44,670	0
American International Group, Inc.	COM	026874784	2,576	47,343	SH		DFND		0	47,343	0
AQUINOX PHARMACEUTICALS INC	COM	03842B101	226	15,850	SH		DFND		0	15,850	0
Argan Inc Com	COM	04010E109	613	14,280	SH		DFND		0	14,280	0
AT&T INC	COM	00206R102	606	17,252	SH		DFND		0	17,252	0
BAXTER INTL INC COM	COM	071813109	743	11,424	SH		DFND		0	11,424	0
BIOCRYST PHARMACEUTICALS INC	COM	09058V103	156	32,500	SH		DFND		0	32,500	0
BLACKROCK KELSO CAP	COM	092533108	109	17,739	SH		DFND		0	17,739	0
BLUEROCK RESIDENTIAL GROWTH	COM	09627J102	339	40,881	SH		DFND		0	40,881	0
BROADCOM LIMITED	COM	Y09827109	5,833	24,748	SH		DFND		0	24,748	0
CERNER CORP	COM	156782104	932	16,053	SH		DFND		0	16,053	0
Church & Dwight Inc	COM	171340102	2,686	53,350	SH		DFND		0	53,350	0
COLONY NORTHSTAR CREDIT REAL	COM	19626A101	1,245	64,953	SH		DFND		0	64,953	0
COLONY NORTHSTAR INC	COM	19625W104	114	18,412	SH		DFND		0	18,412	0
CONATUS PHARMACEUTICALS INC	COM	20600T108	82	15,000	SH		DFND		0	15,000	0
CORPORATE CAP TRUST INC	COM	219880101	1,484	92,374	SH		DFND		0	92,374	0
COSTAMARE INC	COM	Y1771G102	3,096	496,181	SH		DFND		0	496,181	0
CVS HEALTH CORPORATION	COM	126650100	1,485	23,783	SH		DFND		0	23,783	0
CYTOSORBENTS CORPORATION	COM	23283X206	125	17,650	SH		DFND		0	17,650	0
DIREXION NASDAQ 100 EQL WGHT IDX ETF	ETF	25459Y207	939	21,034	SH		DFND		0	21,034	0
ENBRIDGE INC	COM	29250N105	1,910	60,623	SH		DFND		0	60,623	0
ENCOMPASS HEALTH CORPORATION	COM	29261A100	4,584	80,278	SH		DFND		0	80,278	0
ENERPLUS CORP COM	COM	292766102	510	45,320	SH		DFND		0	45,320	0
ENSCO PLC	COM	G3157S106	90	18,847	SH		DFND		0	18,847	0
EXLSERVICE HOLDINGS INC COM	COM	302081104	664	11,910	SH		DFND		0	11,910	0
FS ENERGY & POWER FUND	COM	30264D109	292	41,576	SH		DFND		0	41,576	0
FS GLOBAL CR OPPORTUNITIES FD	COM	30291B100	111	14,902	SH		DFND		0	14,902	0
FS INVESTMENT CORPORATION	COM	302635107	3,155	410,521	SH		DFND		0	410,521	0
FS INVT CORP II	COM	35952V105	145	16,261	SH		DFND		0	16,261	0
GENERAL ELECTRIC COMPANY	COM	369604103	160	11,427	SH		DFND		0	11,427	0
GLOBAL NET LEASE INC	COM	379378201	1,223	64,496	SH		DFND		0	64,496	0
GLOBAL X FDS	COM	37950E747	459	33,411	SH		DFND		0	33,411	0
GRAPHIC PACKAGING HLDG CO COM	COM	388689101	301	19,638	SH		DFND		0	19,638	0
GREENBRIER COMPANIES INC	COM	393657101	2,604	51,874	SH		DFND		0	51,874	0
GROWLIFE INC COM	COM	39985X104	3	216,000	SH		DFND		0	216,000	0
HANESBRANDS INC	COM	410345102	1,856	100,700	SH		DFND		0	100,700	0
Henry Schein Inc	COM	806407102	860	12,808	SH		DFND		0	12,808	0
HINES GLOBAL REIT INC	COM	433240108	108	12,072	SH		DFND		0	12,072	0
HLTHCARE TR OF AMER REIT	COM	42225P501	296	11,325	SH		DFND		0	11,325	0
Htg Molecular Diagnostics Inc	COM	40434H104	137	38,000	SH		DFND		0	38,000	0
INTEL CORP	COM	458140100	4,790	92,174	SH		DFND		0	92,174	0
INVESCO MUNICIPAL TRUST	COM	46131J103	175	14,750	SH		DFND		0	14,750	0
ISHARES INC	ETF	464286202	556	21,959	SH		DFND		0	21,959	0
ISHARES INC	ETF	464286764	444	13,650	SH		DFND		0	13,650	0
ISHARES INC	ETF	46434G780	486	18,025	SH		DFND		0	18,025	0
ISHARES INC	ETF	46434G830	495	15,762	SH		DFND		0	15,762	0
iShares Inc Mcsi Chile Investable	ETF	464286640	719	13,567	SH		DFND		0	13,567	0
ISHARES MSCI BRAZIL ETF	ETF	464286400	688	15,331	SH		DFND		0	15,331	0
iShares MSCI Emerging Markets Asia	ETF	464286426	966	12,900	SH		DFND		0	12,900	0
ishares Msci Europe Small-Cap	ETF	464288497	1,745	30,148	SH		DFND		0	30,148	0
ISHARES MSCI GERMANY ETF	ETF	464286806	494	15,424	SH		DFND		0	15,424	0
ISHARES MSCI HONG KONG ETF	ETF	464286871	509	20,171	SH		DFND		0	20,171	0
iShares MSCI India	ETF	46429B598	573	16,794	SH		DFND		0	16,794	0
iShares MSCI Taiwan Index Fd	ETF	46434G772	583	15,087	SH		DFND		0	15,087	0
ISHARES S&P 500 GROWTH ETF	ETF	464287309	2,229	14,379	SH		DFND		0	14,379	0
iShares S&P Emerging Mkts	ETF	464288216	793	24,542	SH		DFND		0	24,542	0
ISHARES S&P MID-CAP 400 GROWTH ETF	ETF	464287606	4,587	21,010	SH		DFND		0	21,010	0
ISHARES S&P SMALL-CAP 600 VALUE ETF	ETF	464287879	4,712	31,239	SH		DFND		0	31,239	0
ISHARES SELECT DIVIDEND ETF	ETF	464287168	1,056	11,103	SH		DFND		0	11,103	0
iShares Silver Trust Index Fund	ETF	46428Q109	201	13,064	SH		DFND		0	13,064	0
iShares Tr Msci All Peru Capped Index Fd	ETF	464289842	590	13,871	SH		DFND		0	13,871	0
iShares Tr Msci Poland Investable	ETF	46429B606	619	24,662	SH		DFND		0	24,662	0
ISHARES TRUST	ETF	464287663	876	16,494	SH		DFND		0	16,494	0
ISHARES TRUST	ETF	464288521	835	18,541	SH		DFND		0	18,541	0
ISHARES TRUST	ETF	46435G334	399	11,579	SH		DFND		0	11,579	0
ISHARES U.S. BASIC MATERIALS ETF	ETF	464287838	4,238	44,113	SH		DFND		0	44,113	0
ISHARES U.S. REAL ESTATE ETF	ETF	464287739	1,043	13,833	SH		DFND		0	13,833	0
JOHNSON & JOHNSON	COM	478160104	3,155	24,595	SH		DFND		0	24,595	0
JP MORGAN CHASE & CO	COM	48127A161	3,059	28,229	SH		DFND		0	28,229	0
KEYW HOLDING CORP	COM	493723100	694	87,305	SH		DFND		0	87,305	0
KLA-Tencor Corporation	COM	482480100	2,452	22,501	SH		DFND		0	22,501	0
LADENBURG THALMAN FIN SVCS INC PFD SER A	COM	50575Q201	439	17,345	SH		DFND		0	17,345	0
Lpl Finl Hldgs Inc Com	COM	50212V100	770	12,624	SH		DFND		0	12,624	0
MAIN STREET CAPITAL	COM	56035L104	497	12,846	SH		DFND		0	12,846	0
Market Vectors Russia ETF	ETF	92189F403	588	25,869	SH		DFND		0	25,869	0
MEDLEY CAPITAL CORPORATION	COM	58503F106	57	13,500	SH		DFND		0	13,500	0
MERCK & CO INC	COM	58933Y105	590	10,116	SH		DFND		0	10,116	0
MURPHY OIL CORPORATION	COM	626717102	2,181	84,382	SH		DFND		0	84,382	0
Navios Maritime Ptn	COM	Y62267102	24	13,872	SH		DFND		0	13,872	0
NEW YORK REIT INC	COM	64976L109	287	16,014	SH		DFND		0	16,014	0
Norwegian Cruise Line Hldgs Ltd Com Usd0	COM	G66721104	786	14,841	SH		DFND		0	14,841	0
NOVO NORDISK A/S-ADR	COM	670100205	3,417	69,363	SH		DFND		0	69,363	0
NUVEEN AMT FREE QUALITY	COM	670657105	400	30,802	SH		DFND		0	30,802	0
Pennsylvania Real Estate Investment Trust	COM	709102107	860	89,151	SH		DFND		0	89,151	0
Pimco High Income Fund	COM	722014107	101	13,341	SH		DFND		0	13,341	0
PIONEER MUNICIPAL HIGH INCOME	COM	723762100	186	17,254	SH		DFND		0	17,254	0
Powershares ETF Trust II Intl	ETF	73936Q835	937	33,675	SH		DFND		0	33,675	0
PROSHARES S&P 500 DIV ARISTOCRAT ETF	ETF	74348A467	713	11,429	SH		DFND		0	11,429	0
Qorvo Inc	COM	74736K101	737	10,470	SH		DFND		0	10,470	0
REALTY INCOME CORP	COM	756109104	2,975	57,542	SH		DFND		0	57,542	0
Royal Bank Of Scotland Group Plc	COM	780097689	810	109,460	SH		DFND		0	109,460	0
RUDOLPH TECHNOLOGIES INC COM	COM	781270103	503	18,177	SH		DFND		0	18,177	0
Sanchez Energy Corp	COM	79970Y105	33	10,551	SH		DFND		0	10,551	0
Sanchez Midstream Partners	COM	79971C201	163	15,830	SH		DFND		0	15,830	0
SCHWAB EMERGING MARKETS EQUITY ETF	ETF	808524706	663	23,634	SH		DFND		0	23,634	0
SCHWAB FUNDA EMG MKTS LARGE COM ETF	ETF	808524730	997	32,378	SH		DFND		0	32,378	0
SCHWAB US BROAD MARKET ETF	ETF	808524102	3,286	49,791	SH		DFND		0	49,791	0
SCHWAB US DIVIDEND EQUITY ETF	ETF	808524797	849	17,281	SH		DFND		0	17,281	0
SCHWAB US LARGE CAP GROWTH ETF	ETF	808524300	1,598	21,304	SH		DFND		0	21,304	0
SCHWAB US LARGE CAP ETF	ETF	808524201	2,526	38,777	SH		DFND		0	38,777	0
SIRIUS XM HLDGS INC	COM	82968B103	141	22,717	SH		DFND		0	22,717	0
SOUTHWEST AIRLINES	COM	844741108	3,124	55,689	SH		DFND		0	55,689	0
SPDR DOW JONES INDUSTRIAL AVERAGE ETF	ETF	78467X109	4,709	19,509	SH		DFND		0	19,509	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	4,939	18,764	SH		DFND		0	18,764	0
SPDR S&P Emerging Markets Small Cap	ETF	78463X756	1,398	26,643	SH		DFND		0	26,643	0
SPDR S&P MidCap 400	ETF	78467Y107	3,555	10,404	SH		DFND		0	10,404	0
Spdr Ser Tr Db Intl Govt Inflation	ETF	78464A490	748	12,565	SH		DFND		0	12,565	0
SPDR SERIES TRUST	ETF	78464A359	2,029	39,072	SH		DFND		0	39,072	0
SPDR SERIES TRUST	ETF	78464A508	407	13,853	SH		DFND		0	13,853	0
TERNIUM S A	COM	880890108	2,643	81,319	SH		DFND		0	81,319	0
TEXAS INSTRUMENTS INCORPORATED	COM	882508104	2,519	24,257	SH		DFND		0	24,257	0
Toronto Dominion Bk Ont Com New	COM	891160509	2,816	49,535	SH		DFND		0	49,535	0
UNITED DEVELOPMENT FUNDING IV	COM	910187103	120	34,706	SH		DFND		0	34,706	0
United Natural Foods Inc	COM	911163103	797	18,584	SH		DFND		0	18,584	0
UNUM GROUP	COM	91529Y106	2,753	57,800	SH		DFND		0	57,800	0
VANGUARD FTSE DEVELOPED	ETF	921943858	1,588	35,900	SH		DFND		0	35,900	0
VANGUARD FTSE EMERGING MARKETS	ETF	922042858	1,844	39,276	SH		DFND		0	39,276	0
VANGUARD S&P 500 ETF	ETF	922908363	4,815	19,887	SH		DFND		0	19,887	0
VENTAS INC	COM	92276F100	728	13,801	SH		DFND		0	13,801	0
VEREIT INC	COM	92339V100	4,266	611,652	SH		DFND		0	611,652	0
WESTERN ALLIANCE BANCORP COM	COM	957638109	891	15,341	SH		DFND		0	15,341	0
WYNDHAM WORLDWIDE CORPORATION	COM	98310W108	3,414	29,831	SH		DFND		0	29,831	0
YAMANA GOLD INC	COM	98462Y100	47	17,077	SH		DFND		0	17,077	0
Zebra Technologies Corp Cl A	COM	989207105	1,683	12,097	SH		DFND		0	12,097	0