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 MSCI CDA ETF 464286509 16,084 524,087 SH   SOLE   171,890 0 352,197
ISHARES EM MK MINVOL ETF 464286533 19,343 323,466 SH   SOLE   116,661 0 206,805
ISHARES MSCI JAPAN ETF 464286848 15,884 1,349,545 SH   SOLE   443,009 0 906,536
ISHARES JP MOR EM MK ETF 464288281 11,580 102,613 SH   SOLE   44,823 0 57,790
ISHARES MRG RL ES CP ETF 464288539 2,930 248,500 SH   SOLE   131,584 0 116,916
ISHARES INTERM CR BD ETF 464288638 8,385 76,705 SH   SOLE   30,869 0 45,836
ISHARES U.S. PFD STK ETF 464288687 3,200 80,966 SH   SOLE   42,984 0 37,982
ISHARES TR CORE S&P500 ETF 464287200 3,808 19,207 SH   SOLE   8,360 0 10,847
ISHARES TR CORE US AGGBD ET 464287226 11,628 106,568 SH   SOLE   46,609 0 59,959
ISHARES TR MSCI EMG MKT ETF 464287234 3,010 72,425 SH   SOLE   38,287 0 34,138
ISHARES TR IBOXX INV CP ETF 464287242 11,498 97,262 SH   SOLE   42,589 0 54,673
ISHARES TR S&P 500 VAL ETF 464287408 60,403 670,626 SH   SOLE   214,094 0 456,532
ISHARES TR 7-10 Y TR BD ETF 464287440 3,193 30,813 SH   SOLE   16,334 0 14,479
ISHARES TR COHEN&STEER REIT 464287564 3,153 37,330 SH   SOLE   19,800 0 17,530
ISHARES TR U.S. TECH ETF 464287721 12,617 125,222 SH   SOLE   41,099 0 84,123
ISHARES TR US HLTHCARE ETF 464287762 12,774 95,077 SH   SOLE   31,232 0 63,845
ISHARES TR U.S. FINLS ETF 464287788 11,239 134,243 SH   SOLE   44,033 0 90,210
ISHARES TR U.S. CNSM GD ETF 464287812 11,125 112,656 SH   SOLE   36,925 0 75,731
ISHARES TR U.S. BAS MTL ETF 464287838 11,903 138,299 SH   SOLE   45,358 0 92,941
PIMCO ETF TR INV GRD CRP BD 72201R817 5,742 56,138 SH   SOLE   4,793 0 51,345
PIMCO ETF TR ENHAN SHRT MAT 72201R833 3,016 29,758 SH   SOLE   4,372 0 25,386
POWERSHARES ETF TR II INTL DEV LOWVL 73937B688 8,543 269,749 SH   SOLE   30,879 0 238,870
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 5,102 145,893 SH   SOLE   56,109 0 89,784
POWERSHARES ETF TRUST II INTL CORP BOND 73936Q835 1,731 59,561 SH   SOLE   7,531 0 52,030
POWERSHARES GLOBAL ETF TRUST AGG PFD PORT 73936T565 1,824 126,110 SH   SOLE   16,108 0 110,002
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 5,867 206,153 SH   SOLE   17,695 0 188,458
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 5,232 228,752 SH   SOLE   87,875 0 140,877
PROSHARES TR PSHS SHTRUSS2000 74347R826 5,014 291,831 SH   SOLE   112,071 0 179,760
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 1,816 21,548 SH   SOLE   2,751 0 18,797
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 4,049 49,415 SH   SOLE   3,293 0 46,122
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 12,358 237,153 SH   SOLE   69,478 0 167,675
VANGUARD INDEX FDS REIT ETF 922908553 6,794 94,554 SH   SOLE   30,101 0 64,453
VANGUARD INDEX FDS LARGE CAP ETF 922908637 1,603 17,726 SH   SOLE   1,476 0 16,250
VANGUARD INDEX FDS GROWTH ETF 922908736 1,921 19,270 SH   SOLE   2,472 0 16,798
VANGUARD INDEX FDS VALUE ETF 922908744 37,131 457,274 SH   SOLE   51,222 0 406,052
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 1,693 31,096 SH   SOLE   3,971 0 27,125
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 10,419 249,786 SH   SOLE   29,178 0 220,608
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 5,230 88,191 SH   SOLE   8,475 0 79,716
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 4,034 47,027 SH   SOLE   3,136 0 43,891
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 6,079 51,735 SH   SOLE   5,925 0 45,810
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 5,974 128,666 SH   SOLE   14,739 0 113,927
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 6,832 58,395 SH   SOLE   6,697 0 51,698
VANGUARD WORLD FDS INF TECH ETF 92204A702 6,699 66,933 SH   SOLE   7,687 0 59,246
VANGUARD WORLD FDS MATERIALS ETF 92204A801 6,374 57,848 SH   SOLE   6,633 0 51,215
WISDOMTREE TR CHINESE YUAN FD 97717W182 4,987 196,977 SH   SOLE   75,648 0 121,329