Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVV	S&P500 ETF - iShares	309,354	$58.21M	15.1%	$167.68	—	COM	464287200
SPY	S&P500 Index ETF - SPDR	203,466	$38.05M	9.9%	$168.67	—	COM	78462F103
—	China ETF - iShares	639,677	$28.78M	7.5%	$45.79	—	COM	46429b671
EWG	Germany ETF - iShares	717,182	$22.48M	5.8%	$24.77	—	COM	464286806
EWY	Korea ETF - iShares	305,901	$18.82M	4.9%	$59.12	—	COM	464286772
EWD	Sweden ETF - iShares	467,894	$17.13M	4.5%	$36.52	—	COM	464286756
—	Japan ETF - iShares	1,414,858	$16.03M	4.2%	$11.26	—	COM	464286848
—	DWA Momentum ETF - Powershares	336,030	$12.52M	3.3%	$37.25	—	COM	73935X153
ACWI	All Country World Index ETF -	207,491	$12.06M	3.1%	$50.95	—	COM	464288257
IEO	Explorers and Producers ETF -	140,925	$11.99M	3.1%	$85.06	—	COM	464288851
—	S&P 500 Buy Write ETF - Powers	530,460	$11.19M	2.9%	$20.79	—	COM	73936G308
—	Global Long Short ETF - Adviso	511,691	$10.67M	2.8%	$22.06	—	COM	00768Y404
—	United Kingdom ETF - iShares	476,445	$9.81M	2.6%	$17.72	—	COM	464286699
—	Info Tech ETF - Vanguard	94,085	$8.612M	2.2%	$89.63	—	COM	92204a702
—	Swiss Franc ETF - CurrencyShar	74,020	$8.195M	2.1%	$110.71	—	COM	23129V109
—	Convertible Bond Fund ETF- SPD	151,065	$7.31M	1.9%	$48.39	—	COM	78464a359
LQD	Corporate Bond Fund ETF - iSha	57,305	$6.701M	1.7%	$113.62	—	COM	464287242
—	US Dollar Bullish ETF - Powers	276,220	$5.928M	1.5%	$21.46	—	COM	73936d107
—	Peritus High Yield ETF - Advis	101,994	$5.365M	1.4%	$51.65	—	COM	00768Y503
—	Russia ETF - iShares	276,205	$5.099M	1.3%	$21.46	—	COM	46429B705
IYG	U.S. Financial Services ETF -	57,865	$4.912M	1.3%	$84.89	—	COM	464287770
—	Yamana Gold Inc.	548,315	$4.805M	1.2%	$8.76	—	COM	98462y100
—	MSCI ACWI ETF - SPDR (London)	50,861	$4.777M	1.2%	$89.95	—	COM	IE00B44Z5
INDY	India S&P India Index Fund ETF	185,146	$4.762M	1.2%	$25.72	—	COM	464289529
—	EM Sovereign Debt ETF - Powers	168,235	$4.711M	1.2%	$28.00	—	COM	73936T573
—	3-7yr US Treas. ETF - iShares	38,040	$4.42M	1.1%	$116.19	—	COM	ie00b3vwn
—	Barclays High Yield ETF - SPDR	103,955	$4.295M	1.1%	$40.56	—	COM	78464A417
—	High Yield 0-5yr Bond ETF - SP	79,875	$4.1M	1.1%	$51.33	—	COM	ie00b99fl
—	0-3yr US Corp. Bond ETF - SPDR	67,120	$3.378M	0.9%	$50.33	—	COM	ie00bc7gz
IGSB	Barclays 1-3 Yr Credit Bond ET	26,400	$2.785M	0.7%	$105.14	—	COM	464288646
—	Aggregate Bond Fund ETF - iSha	26,186	$2.658M	0.7%	$99.91	—	COM	IE00B44CG
—	Norway ETF - Global X	158,086	$2.638M	0.7%	$16.37	—	COM	37950E747
QAI	Multi-Strategy Tracker ETF - I	80,555	$2.354M	0.6%	$27.86	—	COM	45409B107
IEF	Barclays 7-10 Year Treasury ET	22,930	$2.333M	0.6%	$102.20	—	COM	464287440
EIS	Israel ETF - iShares	41,847	$2.21M	0.6%	$52.81	—	COM	464286632
EWH	Hong Kong ETF - iShares	100,024	$1.978M	0.5%	$19.95	—	COM	464286871
AAPL	Apple Inc	2,410	$1.294M	0.3%	$13.16	+26.0%	COM	037833100
—	Goldcorp Inc New	41,570	$1.018M	0.3%	$24.73	—	COM	380956409
BAC	Bank of America Corp	44,000	$757K	0.2%	$10.03	+32.2%	COM	060505104
SHY	Barclays 1-3 year Treasury ETF	8,259	$697K	0.2%	$84.37	—	COM	464287457
XLK	Technology Select Sector ETF -	17,650	$642K	0.2%	$35.75	—	COM	81369Y803
C	Citigroup Inc	11,120	$529K	0.1%	$37.46	-1.0%	COM	172967424
—	Energy and Exploration ETF - P	15,000	$528K	0.1%	$34.45	—	COM	73935x658
—	Merger Arb ETF - Credit Suisse	25,330	$527K	0.1%	$20.59	—	COM	22542D845
—	Macro Tracker ETF - Index IQ	19,345	$513K	0.1%	$25.91	—	COM	45409b206
—	US FEX Equity Large Cap ETF -	11,315	$477K	0.1%	$42.16	—	COM	33734k109
CLH	Clean Harbors Inc	8,620	$472K	0.1%	$56.88	-4.2%	COM	184496107
—	China ETF - First Trust	21,115	$460K	0.1%	$22.14	—	COM	33737j141
—	American Tower Corp-Class A	5,300	$434K	0.1%	$75.64	—	COM	03027x100
—	Japan Hedged Equity ETF - Wisd	8,300	$393K	0.1%	$50.84	—	COM	97717w851
—	RAFI Long/Short ETF - ProShare	8,985	$385K	0.1%	$42.02	—	COM	74347x310
—	Germany ETF - First Trust	7,620	$323K	0.1%	$32.56	—	COM	33737j190
XOM	Exxon Mobil Corp	3,225	$315K	0.1%	$53.69	+8.2%	COM	30231G102
—	Korea ETF - First Trust	11,970	$314K	0.1%	$28.23	—	COM	33737j166
—	Taiwan ETF - iShares	19,902	$286K	0.1%	$13.92	—	COM	464286731
EWC	Canada ETF - iShares	9,285	$274K	0.1%	$29.51	—	COM	464286509
—	Catamaran Corp	6,000	$269K	0.1%	$47.24	—	COM	148887102
—	Senior Loan ETF - Powershares	10,480	$260K	0.1%	$24.88	—	COM	73936q769
WTMF	Managed Futures ETF - Wisdomtr	6,287	$258K	0.1%	$41.57	—	COM	97717W125
—	Superior Energy Services Inc	8,295	$255K	0.1%	$25.77	—	COM	868157108
—	Quanta Services Inc	6,000	$221K	0.1%	$31.57	—	COM	74762e102
—	JPMorgan Chase & Co	3,380	$205K	0.1%	$60.65	—	COM	46625h100
—	Currency Harvest ETF - Powersh	7,820	$205K	0.1%	$25.42	—	COM	73935y102
—	Hovnanian Enterprises Inc.	27,450	$130K	0.0%	$5.61	—	COM	442487203