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 10,947 403,046 SH   SOLE   41,542 0 361,504
ISHARES EAFE SML CP ETF 464288273 6,949 139,113 SH   SOLE   10,396 0 128,717
ISHARES CUR HDG MS EMU 46434V639 312 12,077 SH   SOLE   157 0 11,920
ISHARES U.S. REAL ES ETF 464287739 1,188 15,819 SH   SOLE   5,459 0 10,360
ISHARES TR IBOXX INV CP ETF 464287242 5,149 45,165 SH   SOLE   6,007 0 39,158
ISHARES IBOXX HI YD ETF 464288513 1,153 14,307 SH   SOLE   4,668 0 9,639
ISHARES TR AEFE GRWTH ETF 464288885 3,381 50,351 SH   SOLE   3,781 0 46,570
ISHARES TR RUS 2000 GRW ETF 464287648 4,248 30,501 SH   SOLE   1,924 0 28,577
ISHARES TR RUS 1000 GRW ETF 464287614 13,908 139,808 SH   SOLE   16,785 0 123,023
ISHARES TR RUS 1000 VAL ETF 464287598 5,464 55,838 SH   SOLE   6,815 0 49,023
ISHARES TR S&P 100 ETF 464287101 3,085 33,834 SH   SOLE   2,813 0 31,021
ISHARES MODERT ALLOC ETF 464289875 552 16,212 SH   SOLE   0 0 16,212
ISHARES U.S. PFD STK ETF 464288687 1,322 34,034 SH   SOLE   10,899 0 23,135
MARKET VECTORS ETF HG YLD MUN ETF 57060U878 382 12,370 SH   SOLE   0 0 12,370
RYDEX ETF TRUST GUG RUSS TOP 50 78355W205 322 2,227 SH   SOLE   31 0 2,196
SPDR INDEX SHS FDS DJ WILS DJ GLB RL ES ETF 78463X749 3,024 64,606 SH   SOLE   5,349 0 59,257
SPDR INDEX SHS FDS DJWS DJ INTL RL ETF 78463X863 1,277 32,641 SH   SOLE   10,350 0 22,291
SPDR SER TR SHT TRM HGH YLD 78468R408 6,996 272,315 SH   SOLE   33,631 0 238,684
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 5,459 126,124 SH   SOLE   23,804 0 102,320
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 10,220 129,388 SH   SOLE   22,636 0 106,752