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
CURRENCYSHARES EURO TR EURO SHS 23130C108 5,937 43,655 SH   SOLE   17,417 0 26,238
CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 6,031 54,920 SH   SOLE   22,082 0 32,838
ISHARES MSCI PAC JP ETF 464286665 26,156 559,718 SH   SOLE   175,813 0 383,905
ISHARES TRANS AVG ETF 464287192 9,413 71,367 SH   SOLE   24,356 0 47,011
ISHARES CORE S&P500 ETF 464287200 4,198 22,614 SH   SOLE   12,178 0 10,436
ISHARES MSCI EAFE ETF 464287465 4,589 68,400 SH   SOLE   32,286 0 36,114
ISHARES CORE S&P MCP ETF 464287507 4,151 31,021 SH   SOLE   16,688 0 14,333
ISHARES U.S. CNSM SV ETF 464287580 9,307 76,668 SH   SOLE   26,179 0 50,489
ISHARES RUSSELL 2000 ETF 464287655 4,155 36,016 SH   SOLE   19,384 0 16,632
ISHARES U.S. REAL ES ETF 464287739 3,648 57,830 SH   SOLE   30,949 0 26,881
ISHARES U.S. INDS ETF 464287754 9,430 93,012 SH   SOLE   31,766 0 61,246
ISHARES US HLTHCARE ETF 464287762 9,195 78,930 SH   SOLE   26,949 0 51,981
ISHARES U.S. FIN SVC ETF 464287770 9,478 113,181 SH   SOLE   38,660 0 74,521
ISHARES CORE S&P SCP ETF 464287804 4,202 38,505 SH   SOLE   20,725 0 17,780
ISHARES EUROPE ETF 464287861 30,133 635,039 SH   SOLE   217,224 0 417,815
ISHARES SP SMCP600GR ETF 464287887 47,538 400,789 SH   SOLE   132,882 0 267,907
ISHARES EAFE SML CP ETF 464288273 29,656 581,725 SH   SOLE   199,002 0 382,723
ISHARES INTL DEV RE ETF 464288489 3,505 113,605 SH   SOLE   60,910 0 52,695
ISHARES IBOXX HI YD ETF 464288513 3,982 42,870 SH   SOLE   23,138 0 19,732
ISHARES MBS ETF 464288588 8,086 77,322 SH   SOLE   28,001 0 49,321
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 18,371 172,721 SH   SOLE   52,671 0 120,050
PIMCO ETF TR INV GRD CRP BD 72201R817 4,204 42,460 SH   SOLE   2,870 0 39,590
PIMCO ETF TR ENHAN SHRT MAT 72201R833 12,430 122,680 SH   SOLE   31,760 0 90,920
POWERSHARES ETF TRUST II INTL CORP BOND 73936Q835 2,002 67,832 SH   SOLE   8,593 0 59,239
POWERSHARES GLOBAL ETF TRUST FDM HG YLD RAFI 73936T557 2,007 104,602 SH   SOLE   13,382 0 91,220
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 5,816 209,940 SH   SOLE   83,798 0 126,142
SPDR SERIES TRUST BARC SHT TR CP 78464A474 12,045 392,457 SH   SOLE   164,411 0 228,046
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 8,002 138,587 SH   SOLE   50,221 0 88,366
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 6,405 80,130 SH   SOLE   6,816 0 73,314
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 2,201 27,587 SH   SOLE   3,529 0 24,058
VANGUARD INDEX FDS REIT ETF 922908553 7,315 113,301 SH   SOLE   37,805 0 75,496
VANGUARD INDEX FDS SML CP GRW ETF 922908595 27,680 226,328 SH   SOLE   23,306 0 203,022
VANGUARD INDEX FDS VALUE ETF 922908744 2,190 28,670 SH   SOLE   3,702 0 24,968
VANGUARD INDEX FDS SMALL CP ETF 922908751 2,104 19,140 SH   SOLE   2,449 0 16,691
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 13,993 135,929 SH   SOLE   14,178 0 121,751
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 14,633 248,856 SH   SOLE   26,039 0 222,817
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 4,335 84,952 SH   SOLE   5,743 0 79,209
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 17,821 427,562 SH   SOLE   45,019 0 382,543
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 4,449 41,173 SH   SOLE   4,315 0 36,858
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 4,416 43,677 SH   SOLE   4,581 0 39,096
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 4,540 45,388 SH   SOLE   4,761 0 40,627
VANGUARD WORLD FDS INF TECH ETF 92204A702 4,506 50,320 SH   SOLE   5,271 0 45,049
VANGUARD WORLD FDS MATERIALS ETF 92204A801 4,337 42,001 SH   SOLE   4,390 0 37,611
WISDOMTREE TR CHINESE YUAN ETF 97717W182 5,767 226,382 SH   SOLE   90,517 0 135,865