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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 3,025 88,015 SH   SOLE   12,614 0 75,401
ISHARES EMU ETF 464286608 312 8,105 SH   SOLE   0 0 8,105
ISHARES MSCI FRNTR 100ETF 464286145 14,705 388,613 SH   SOLE   58,036 0 330,577
ISHARES EAFE SML CP ETF 464288273 13,842 285,409 SH   SOLE   42,856 0 242,553
ISHARES IBOXX INV CP ETF 464287242 21,154 178,945 SH   SOLE   26,289 0 152,656
ISHARES NA NAT RES 464287374 13,279 296,745 SH   SOLE   45,428 0 251,317
ISHARES EAFE GRWTH ETF 464288885 205 3,010 SH   SOLE   0 0 3,010
ISHARES EAFE VALUE ETF 464288877 1,320 24,151 SH   SOLE   2,093 0 22,058
ISHARES RUS 1000 GRW ETF 464287614 18,389 200,688 SH   SOLE   29,971 0 170,717
ISHARES RUS 1000 VAL ETF 464287598 24,932 249,092 SH   SOLE   37,302 0 211,790
ISHARES MODERT ALLOC ETF 464289875 761 21,791 SH   SOLE   0 0 21,791
ISHARES U.S. PFD STK ETF 464288687 3,570 90,336 SH   SOLE   12,631 0 77,705
ISHARES TIPS BD ETF 464287176 3,441 30,704 SH   SOLE   4,339 0 26,365
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 467 15,180 SH   SOLE   0 0 15,180
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 3,682 88,911 SH   SOLE   12,043 0 76,868
SPDR INDEX SHS FDS INTL UTILT ETF 78463X632 208 11,070 SH   SOLE   0 0 11,070
SPDR SER TR SHT TRM HGH YLD 78468R408 19,636 656,055 SH   SOLE   98,294 0 557,761
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 24,095 485,306 SH   SOLE   71,706 0 413,600
SPDR SERIES TRUST BRCLY EM LOCL 78464A391 207 6,980 SH   SOLE   0 0 6,980
VANGUARD SCOTTSDALE FDS SHRT TERM CORP BD 92206C409 17,424 218,151 SH   SOLE   31,844 0 186,307