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 EM MK MINVOL ETF 464286533 9,317 164,530 SH   SOLE   59,870 0 104,660
ISHARES MRG RL ES CP ETF 464288539 2,620 223,757 SH   SOLE   112,793 0 110,964
ISHARES MBS ETF 464288588 10,937 100,045 SH   SOLE   43,862 0 56,183
ISHARES INTERM CR BD ETF 464288638 7,936 72,585 SH   SOLE   30,118 0 42,467
ISHARES U.S. PFD STK ETF 464288687 2,893 73,346 SH   SOLE   36,744 0 36,602
ISHARES TR CORE S&P500 ETF 464287200 3,790 18,319 SH   SOLE   7,126 0 11,193
ISHARES TR CORE US AGGBD ET 464287226 10,920 99,163 SH   SOLE   43,519 0 55,644
ISHARES TR S&P 500 VAL ETF 464287408 62,185 663,169 SH   SOLE   217,436 0 445,733
ISHARES TR 7-10 Y TR BD ETF 464287440 11,024 104,012 SH   SOLE   45,635 0 58,377
ISHARES TR MSCI EAFE ETF 464287465 8,146 133,894 SH   SOLE   48,808 0 85,086
ISHARES TR U.S. CNSM SV ETF 464287580 12,705 92,224 SH   SOLE   31,407 0 60,817
ISHARES TR U.S. UTILITS ETF 464287697 12,864 108,766 SH   SOLE   37,080 0 71,686
ISHARES TR U.S. TECH ETF 464287721 13,264 127,051 SH   SOLE   43,397 0 83,654
ISHARES TR US HLTHCARE ETF 464287762 13,774 95,567 SH   SOLE   32,556 0 63,011
ISHARES TR U.S. CNSM GD ETF 464287812 12,165 116,118 SH   SOLE   39,525 0 76,593
ISHARES TR EAFE MIN VOL ETF 46429B689 9,159 148,452 SH   SOLE   53,999 0 94,453
PIMCO ETF TR INV GRD CRP BD 72201R817 1,792 17,407 SH   SOLE   2,217 0 15,190
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 35,723 353,486 SH   SOLE   97,873 0 255,613
POWERSHARES ETF TR II INTL DEV LOWVL 73937B688 5,371 173,607 SH   SOLE   19,695 0 153,912
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 5,105 134,496 SH   SOLE   48,209 0 86,287
POWERSHARES GLOBAL ETF TRUST AGG PFD PORT 73936T565 1,819 123,746 SH   SOLE   15,803 0 107,943
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,784 26,966 SH   SOLE   13,631 0 13,335
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 5,065 211,305 SH   SOLE   75,850 0 135,455
PROSHARES TR PSHS SHTRUSS2000 74347R826 2,598 168,160 SH   SOLE   84,930 0 83,230
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 2,985 16,781 SH   SOLE   8,451 0 8,330
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 5,881 69,455 SH   SOLE   5,945 0 63,510
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 5,714 69,370 SH   SOLE   5,868 0 63,502
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 12,085 227,547 SH   SOLE   67,922 0 159,625
VANGUARD INDEX FDS REIT ETF 922908553 7,145 88,205 SH   SOLE   26,137 0 62,068
VANGUARD INDEX FDS LARGE CAP ETF 922908637 3,501 37,093 SH   SOLE   4,240 0 32,853
VANGUARD INDEX FDS GROWTH ETF 922908736 1,970 18,868 SH   SOLE   2,413 0 16,455
VANGUARD INDEX FDS VALUE ETF 922908744 38,450 455,087 SH   SOLE   56,776 0 398,311
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,399 134,917 SH   SOLE   15,231 0 119,686
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 5,062 89,015 SH   SOLE   10,037 0 78,978
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 5,923 111,727 SH   SOLE   9,539 0 102,188
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 4,011 46,585 SH   SOLE   3,118 0 43,467
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 6,452 51,519 SH   SOLE   6,545 0 44,974
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 6,385 128,454 SH   SOLE   16,288 0 112,166
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 7,245 57,686 SH   SOLE   7,365 0 50,321
VANGUARD WORLD FDS INF TECH ETF 92204A702 6,924 66,272 SH   SOLE   8,459 0 57,813
VANGUARD WORLD FDS UTILITIES ETF 92204A876 6,638 64,854 SH   SOLE   8,232 0 56,622
WISDOMTREE TR CHINESE YUAN FD 97717W182 4,597 182,925 SH   SOLE   65,812 0 117,113