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
DBX ETF TR XTRAK MSCI EAFE 233051200 15,156 505,874 SH   SOLE   91,488 0 414,386
ISHARES EAFE SML CP ETF 464288273 9,062 183,182 SH   SOLE   28,885 0 154,297
ISHARES CUR HDG MS EMU 46434V639 446 15,328 SH   SOLE   1,324 0 14,004
ISHARES U.S. REAL ES ETF 464287739 1,586 19,989 SH   SOLE   6,507 0 13,482
ISHARES TR IBOXX INV CP ETF 464287242 14,148 116,250 SH   SOLE   25,379 0 90,871
ISHARES IBOXX HI YD ETF 464288513 1,551 17,123 SH   SOLE   5,630 0 11,493
ISHARES AEFE VALUE ETF 464288877 234 4,390 SH   SOLE   0 0 4,390
ISHARES TR RUS 2000 GRW ETF 464287648 6,020 39,726 SH   SOLE   5,782 0 33,944
ISHARES TR RUS 1000 GRW ETF 464287614 16,770 169,536 SH   SOLE   29,425 0 140,111
ISHARES TR RUS 1000 VAL ETF 464287598 13,241 128,454 SH   SOLE   24,854 0 103,600
ISHARES TR S&P 100 ETF 464287101 3,986 44,156 SH   SOLE   7,509 0 36,647
ISHARES MODERT ALLOC ETF 464289875 631 17,694 SH   SOLE   0 0 17,694
ISHARES U.S. PFD STK ETF 464288687 1,625 40,513 SH   SOLE   13,324 0 27,189
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 476 15,180 SH   SOLE   0 0 15,180
RXDEX ETF TRUST GUG RUSS TOP 50 78355W205 408 2,908 SH   SOLE   256 0 2,652
SPDR INDEX SHS FDS DJ WILS DJ GLB RL ES ETF 78463X749 4,131 83,120 SH   SOLE   14,188 0 68,932
SPDR INDEX SHS FDS DJWS DJ INTL RL ETF 78463X863 1,764 40,728 SH   SOLE   12,644 0 28,084
SPDR SER TR SHT TRM HGH YLD 78468R408 7,192 246,404 SH   SOLE   59,266 0 187,138
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 11,457 239,898 SH   SOLE   51,025 0 188,873
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 8,942 111,494 SH   SOLE   28,614 0 82,880