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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hours per response: 23.8
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
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 90,682 3,373,576 SH   SOLE   3,373,576 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 96,873 1,466,669 SH   SOLE   1,466,669 0 0
ISHARES CORE TOTUSBD ETF 464287226 404 3,795 SH   SOLE   3,795 0 0
ISHARES MSCI ACWI US ETF 464288240 1,102 23,604 SH   SOLE   23,604 0 0
ISHARES MSCI EAFE ETF 464287465 276,591 4,122,378 SH   SOLE   4,122,378 0 0
ISHARES MSCI EMG MKT ETF 464287234 542 12,974 SH   SOLE   12,974 0 0
ISHARES NA NAT RES 464287374 4,098 94,455 SH   SOLE   94,455 0 0
ISHARES RUSSELL 2000 ETF 464287655 3,888 33,705 SH   SOLE   33,705 0 0
ISHARES RUSSELL 3000 ETF 464287689 439,890 3,975,513 SH   SOLE   3,975,513 0 0
ISHARES TIPS BD ETF 464287176 295 2,683 SH   SOLE   2,683 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 781 30,435 SH   SOLE   30,435 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 17,653 199,452 SH   SOLE   199,452 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,002 45,856 SH   SOLE   45,856 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 82,593 711,274 SH   SOLE   711,274 0 0
VANGUARD INDEX FDS REIT ETF 922908553 29,264 453,280 SH   SOLE   453,280 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 113,671 2,763,028 SH   SOLE   2,763,028 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 9,920 195,123 SH   SOLE   195,123 0 0