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
POWERSHARES QQQ TRUST, SERIES 1 ETF 73935A104 5,571 42,085 SH   SOLE   0 0 42,085
VANGUARD TOTAL STOCK MARKET INDEX FUND ETF 922908769 1,526 12,575 SH   SOLE   0 0 12,575
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 4,834 122,733 SH   SOLE   0 0 122,733
VANGUARD REIT ETF ETF 922908553 20,039 242,631 SH   SOLE   0 0 242,631
SPDR DOW JONES INDUSTRIAL AVERAGE ETF ETF 78467X109 894 4,331 SH   SOLE   0 0 4,331
SPDR DOW JONES GLOBAL REAL ESTATE ETF ETF 78463X749 11,311 240,253 SH   SOLE   0 0 240,253
SPDR S&P 500 ETF ETF 78462F103 136,320 578,264 SH   SOLE   0 0 578,264
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 470 4,045 SH   SOLE   0 0 4,045
SCHWAB U.S. SMALL-CAP ETF ETF 808524607 7,143 113,409 SH   SOLE   0 0 113,409
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 32,879 1,100,739 SH   SOLE   0 0 1,100,739
SCHWAB U.S. LARGE-CAP ETF ETF 808524201 327 5,820 SH   SOLE   0 0 5,820
SCHWAB EMERGING MARKETS EQUITY ETF ETF 808524706 23,215 968,499 SH   SOLE   0 0 968,499
VANGUARD SMALL-CAP INDEX FUND ETF 922908751 1,792 13,447 SH   SOLE   0 0 13,447
VANGUARD MID-CAP INDEX FUND ETF 922908629 31,727 227,856 SH   SOLE   0 0 227,856
VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX ETF 922042676 9,062 170,140 SH   SOLE   0 0 170,140
SCHWAB U.S. REIT ETF ETF 808524847 223 5,470 SH   SOLE   0 0 5,470
SCHWAB U.S. MID-CAP ETF ETF 808524508 12,527 264,679 SH   SOLE   0 0 264,679
ISHARES RUSSELL 2000 ETF ETF 464287655 20,974 152,558 SH   SOLE   0 0 152,558
ISHARES CORE HIGH DIVIDEND ETF ETF 46429B663 211 2,517 SH   SOLE   0 0 2,517
POWERSHARES S&P 500 LOW VOLATILITY PORTFOLIO ETF 73937B779 912 20,974 SH   SOLE   0 0 20,974
ISHARES SELECT DIVIDEND ETF ETF 464287168 421 4,621 SH   SOLE   0 0 4,621
PIMCO TOTAL RETURN ACTIVE EXCHANGE-TRADED FUND ETF 72201R775 341 3,242 SH   SOLE   0 0 3,242
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF ETF 78463X863 798 21,345 SH   SOLE   0 0 21,345
ISHARES CORE S&P 500 ETF ETF 464287200 24,476 103,157 SH   SOLE   0 0 103,157
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 51,105 1,300,381 SH   SOLE   0 0 1,300,381
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 13,650 343,647 SH   SOLE   0 0 343,647
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF 921946406 365 4,694 SH   SOLE   0 0 4,694
SPDR S&P INTERNATIONAL SMALL CAP ETF ETF 78463X871 213 6,756 SH   SOLE   0 0 6,756
VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF 921908844 3,509 39,013 SH   SOLE   0 0 39,013
ISHARES FTSE EPRA/NAREIT DEVELOPED REAL ESTATE EX-US INDEX FUND ETF 464288489 6,910 251,640 SH   SOLE   0 0 251,640
SPDR DOW JONES REIT ETF ETF 78464A607 498 5,399 SH   SOLE   0 0 5,399
ISHARES MSCI EAFE ETF ETF 464287465 7,491 120,258 SH   SOLE   0 0 120,258
ISHARES RUSSELL 1000 ETF ETF 464287622 9,870 75,202 SH   SOLE   0 0 75,202