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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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
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 9,010 102,345 SH   SOLE   25,350 0 76,995
ISHARES TR S&P 500 VAL ETF 464287408 44,748 430,106 SH   SOLE   109,458 0 320,648
ISHARES TR CORE S&P SCP ETF 464287804 1,525 22,049 SH   SOLE   5,059 0 16,990
ISHARES TR CORE S&P MCP ETF 464287507 1,290 7,534 SH   SOLE   1,726 0 5,808
ISHARES TR CORE S&P500 ETF 464287200 1,801 7,592 SH   SOLE   761 0 6,831
ISHARES TR RUSSELL 2000 ETF 464287655 1,305 9,489 SH   SOLE   2,174 0 7,315
ISHARES TR U.S. BAS MTL ETF 464287838 9,434 105,834 SH   SOLE   26,189 0 79,645
ISHARES TR U.S. FIN SVC ETF 464287770 10,327 94,653 SH   SOLE   23,600 0 71,053
ISHARES TR 7-10YR TR BD ETF 464287440 1,271 12,037 SH   SOLE   2,758 0 9,279
ISHARES TR U.S. TECH ETF 464287721 10,237 75,731 SH   SOLE   19,025 0 56,706
ISHARES TR MSCI ACWI EX US 464288240 11,711 268,480 SH   SOLE   73,551 0 194,929
ISHARES TR MTG REL ETF NEW 46435G342 1,458 32,188 SH   SOLE   7,377 0 24,811
ISHARES TR TIPS BD ETF 464287176 5,555 48,452 SH   SOLE   15,652 0 32,800
ISHARES TR INTERM CR BD ETF 464288638 5,616 51,538 SH   SOLE   16,692 0 34,846
ISHARES TR MBS ETF 464288588 6,781 63,637 SH   SOLE   19,448 0 44,189
ISHARES TR CORE US AGGBD ET 464287226 6,816 62,829 SH   SOLE   19,207 0 43,622
J P MORGAN EXCHANGE TRADED F DIV RTN INT EQ 46641Q209 2,047 38,577 SH   SOLE   4,831 0 33,746
J P MORGAN EXCHANGE TRADED F JPMORGAN DIVER 46641Q407 6,174 97,741 SH   SOLE   12,279 0 85,462
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 8,435 83,470 SH   SOLE   20,022 0 63,448
POWERSHARES ACT MANG COMM FD OPT YLD DIV 73937V106 2,581 155,199 SH   SOLE   28,801 0 126,398
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,533 11,577 SH   SOLE   1,654 0 9,923
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 3,250 198,522 SH   SOLE   36,931 0 161,591
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 2,276 180,751 SH   SOLE   33,034 0 147,717
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 2,539 97,859 SH   SOLE   18,127 0 79,732
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W833 6,425 61,545 SH   SOLE   8,830 0 52,715
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 9,741 149,723 SH   SOLE   37,313 0 112,410
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,355 6,565 SH   SOLE   1,507 0 5,058
SPDR SERIES TRUST BLOMBERG BRC SRT 78464A474 1,254 40,956 SH   SOLE   9,368 0 31,588
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 4,503 53,859 SH   SOLE   5,841 0 48,018
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 3,952 48,740 SH   SOLE   7,651 0 41,089
VANGUARD INDEX FDS TOTAL STK MKT 922908769 8,978 74,001 SH   SOLE   10,743 0 63,258
VANGUARD INDEX FDS VALUE ETF 922908744 28,128 294,940 SH   SOLE   32,323 0 262,617
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 6,169 28,512 SH   SOLE   4,104 0 24,408
VANGUARD INDEX FDS MID CAP ETF 922908629 1,358 9,755 SH   SOLE   1,389 0 8,366
VANGUARD INDEX FDS SMALL CP ETF 922908751 1,524 11,436 SH   SOLE   1,635 0 9,801
VANGUARD INDEX FDS SM CP VAL ETF 922908611 1,319 10,738 SH   SOLE   1,534 0 9,204
VANGUARD INDEX FDS REIT ETF 922908553 1,372 16,609 SH   SOLE   2,375 0 14,234
VANGUARD INDEX FDS LARGE CAP ETF 922908637 2,089 19,328 SH   SOLE   2,113 0 17,215
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 18,599 293,922 SH   SOLE   62,931 0 230,991
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 8,749 182,926 SH   SOLE   21,048 0 161,878
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 3,191 36,941 SH   SOLE   3,483 0 33,458
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 4,535 56,875 SH   SOLE   6,131 0 50,744
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 4,520 86,063 SH   SOLE   9,296 0 76,767
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 17,755 451,789 SH   SOLE   96,685 0 355,104
VANGUARD WORLD FDS MATERIALS ETF 92204A801 5,976 50,243 SH   SOLE   7,244 0 42,999
VANGUARD WORLD FDS INF TECH ETF 92204A702 6,663 49,126 SH   SOLE   6,985 0 42,141
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 6,724 111,192 SH   SOLE   15,996 0 95,196
WISDOMTREE TR EMERG CUR STR FD 97717W133 2,696 146,990 SH   SOLE   27,273 0 119,717