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
Estimated average burden
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
ISHARES MBS ETF 464288588 10,324 93,567 SH   SOLE   39,635 0 53,932
ISHARES U.S. PFD STK ETF 464288687 2,459 61,317 SH   SOLE   28,412 0 32,905
ISHARES EAFE SML CP ETF 464288273 15,661 316,576 SH   SOLE   103,806 0 212,770
ISHARES INTL DEV RE ETF 464288489 2,082 67,063 SH   SOLE   30,956 0 36,107
ISHARES TR CORE S&P500 ETF 464287200 3,800 18,282 SH   SOLE   8,205 0 10,077
ISHARES TR CORE US AGGBD ET 464287226 10,288 92,329 SH   SOLE   38,892 0 53,437
ISHARES TR IBOXX INV CP ETF 464287242 2,433 19,992 SH   SOLE   9,221 0 10,771
ISHARES TR 7-10 Y TR BD ETF 464287440 10,358 95,563 SH   SOLE   40,223 0 55,340
ISHARES TR CORE S&P MCP ETF 464287507 2,692 17,711 SH   SOLE   8,367 0 9,344
ISHARES TR NASDQ BIOTEC ETF 464287556 11,651 33,926 SH   SOLE   11,021 0 22,905
ISHARES TR COHEN&STEER REIT 464287564 12,842 126,987 SH   SOLE   41,229 0 85,758
ISHARES TR U.S. CNSM SV ETF 464287580 12,600 87,378 SH   SOLE   28,499 0 58,879
ISHARES TR S&P MC 400GR ETF 464287606 60,557 353,079 SH   SOLE   118,013 0 235,066
ISHARES TR US HLTHCARE ETF 464287762 12,390 80,290 SH   SOLE   26,122 0 54,168
ISHARES TR U.S. CNSM GD ETF 464287812 12,032 113,992 SH   SOLE   37,039 0 76,953
ISHARES TR EAFE MIN VOL ETF 46429B689 16,103 244,390 SH   SOLE   80,374 0 164,016
ISHARES TR CUR HDG MS EMU 46434V639 15,924 547,592 SH   SOLE   179,967 0 367,625
ISHARES TR HDG MSCI EAFE 46434V803 2,466 88,464 SH   SOLE   41,810 0 46,654
PIMCO ETF TR INV GRD CRP BD 72201R817 1,739 16,698 SH   SOLE   2,172 0 14,526
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 5,632 55,681 SH   SOLE   15,368 0 40,313
POWERSHARES DB US DOLLAR INDEX DOLL INDX BULL 73936D107 4,812 185,803 SH   SOLE   59,670 0 126,133
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 1,894 49,942 SH   SOLE   6,722 0 43,220
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 6,058 109,873 SH   SOLE   14,902 0 94,971
POWERSHARES GLOBAL ETF TRUST AGG PFD PORT 73936T565 1,769 118,652 SH   SOLE   15,451 0 103,201
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,405 22,777 SH   SOLE   10,545 0 12,232
PROSHARES TR PSHS SH MSCI EMR 74347R396 2,518 98,900 SH   SOLE   46,741 0 52,159
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 13,651 158,350 SH   SOLE   43,268 0 115,082
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 5,660 67,891 SH   SOLE   6,303 0 61,588
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 11,895 219,908 SH   SOLE   65,055 0 154,853
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 39,152 362,451 SH   SOLE   46,452 0 315,999
VANGUARD INDEX FDS REIT ETF 922908553 11,207 132,922 SH   SOLE   28,594 0 104,328
VANGUARD INDEX FDS LARGE CAP ETF 922908637 3,494 36,698 SH   SOLE   4,941 0 31,757
VANGUARD INDEX FDS GROWTH ETF 922908736 1,882 17,989 SH   SOLE   2,317 0 15,672
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 1,742 30,963 SH   SOLE   4,034 0 26,929
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 9,217 150,409 SH   SOLE   18,919 0 131,490
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 8,742 161,240 SH   SOLE   20,641 0 140,599
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 5,812 108,777 SH   SOLE   10,163 0 98,614
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 4,017 45,804 SH   SOLE   3,533 0 42,271
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 9,082 228,030 SH   SOLE   29,200 0 198,830
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 6,803 55,540 SH   SOLE   7,488 0 48,052
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 6,421 50,560 SH   SOLE   6,776 0 43,784
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 6,661 49,148 SH   SOLE   6,613 0 42,535
WISDOMTREE TR CHINESE YUAN FD 97717W182 4,139 162,772 SH   SOLE   52,922 0 109,850