ANNEX ADVISORY SERVICES, LLC

18650 W CORPORATE DRIVE, BROOKFIELD, Wisconsin, 53045, (262) 786-6363

Report Date: 03/31/2013

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Company	Class	Value of Shares ($1,000s)	Change in Value ($1,000s)	Change (%)	Shares Held
VANGUARD INDEX FDS	REIT ETF	13,563	4,544	50.38	174,532
RYDEX ETF TRUST	GUG S&P500 EQ WT	13,422	3,972	42.03	210,050
VANGUARD INDEX FDS	TOTAL STK MKT	13,006	4,696	56.51	151,114
VANGUARD SPECIALIZED PORTFOLIO	DIV APP ETF	11,720	2,569	28.07	169,077
PIMCO ETF TR	TOTL RETN ETF	10,327	4,785	86.35	94,153
WISDOMTREE TRUST	EMERG MKTS ETF	7,584	2,772	57.60	134,164
SELECT SECTOR SPDR TR	SBI INT-ENERGY	6,858	2,607	61.32	82,348
ISHARES TR	RUSSELL1000GRW	6,673	2,091	45.65	87,711
ISHARES TR	RUSSELL1000VAL	5,452	837	18.14	63,203
VANGUARD WORLD FDS	INF TECH ETF	5,373	1,806	50.63	69,729
ISHARES TR	CORE S&P SCP ETF	4,198	1,561	59.17	45,500
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	4,052	1,386	52.02	270,973
ISHARES TR	IBOXX INV CPBD	3,508	505	16.80	29,245
ISHARES TR	CORE S&P500 ETF	3,501	1,807	106.65	20,859
VANGUARD INTL EQUITY INDEX FD	ALLWRLD EX US	3,422	1,081	46.19	69,868
POWERSHARES ETF TR II	S&P500 LOW VOL	2,819	644	29.59	87,009
SELECT SECTOR SPDR TR	SBI HEALTHCARE	2,801	1,202	75.21	57,452
ISHARES TR	HIGH YLD CORP	2,670	934	53.83	27,944
SELECT SECTOR SPDR TR	SBI CONS STPLS	2,527	811	47.23	60,874
SPDR GOLD TRUST	GOLD SHS	2,387	889	59.35	17,665