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 5,875 42,680 SH   SOLE   0 0 42,680
VANGUARD TOTAL STOCK MARKET INDEX FUND ETF 922908769 1,545 12,416 SH   SOLE   0 0 12,416
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,103 123,299 SH   SOLE   0 0 123,299
VANGUARD REIT ETF ETF 922908553 25,869 310,814 SH   SOLE   0 0 310,814
SPDR DOW JONES INDUSTRIAL AVERAGE ETF ETF 78467X109 885 4,149 SH   SOLE   0 0 4,149
SPDR DOW JONES GLOBAL REAL ESTATE ETF ETF 78463X749 413 8,656 SH   SOLE   0 0 8,656
SPDR S&P 500 ETF ETF 78462F103 140,636 581,621 SH   SOLE   0 0 581,621
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 479 4,066 SH   SOLE   0 0 4,066
SCHWAB U.S. SMALL-CAP ETF ETF 808524607 7,622 119,255 SH   SOLE   0 0 119,255
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 37,789 1,189,067 SH   SOLE   0 0 1,189,067
SCHWAB U.S. LARGE-CAP ETF ETF 808524201 335 5,801 SH   SOLE   0 0 5,801
SCHWAB EMERGING MARKETS EQUITY ETF ETF 808524706 26,438 1,063,884 SH   SOLE   0 0 1,063,884
VANGUARD SMALL-CAP INDEX FUND ETF 922908751 1,826 13,473 SH   SOLE   0 0 13,473
VANGUARD MID-CAP INDEX FUND ETF 922908629 31,888 223,747 SH   SOLE   0 0 223,747
VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX ETF 922042676 15,821 281,270 SH   SOLE   0 0 281,270
SCHWAB U.S. REIT ETF ETF 808524847 227 5,502 SH   SOLE   0 0 5,502
SCHWAB U.S. MID-CAP ETF ETF 808524508 13,217 274,446 SH   SOLE   0 0 274,446
ISHARES RUSSELL 2000 ETF ETF 464287655 21,032 149,246 SH   SOLE   0 0 149,246
ISHARES CORE HIGH DIVIDEND ETF ETF 46429B663 209 2,517 SH   SOLE   0 0 2,517
POWERSHARES S&P 500 LOW VOLATILITY PORTFOLIO ETF 73937B779 938 20,974 SH   SOLE   0 0 20,974
ISHARES SELECT DIVIDEND ETF ETF 464287168 426 4,621 SH   SOLE   0 0 4,621
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 305 2,879 SH   SOLE   0 0 2,879
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF ETF 78463X863 821 21,556 SH   SOLE   0 0 21,556
ISHARES CORE S&P 500 ETF ETF 464287200 25,107 103,148 SH   SOLE   0 0 103,148
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 53,374 1,291,714 SH   SOLE   0 0 1,291,714
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 13,615 333,456 SH   SOLE   0 0 333,456
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF 921946406 370 4,729 SH   SOLE   0 0 4,729
SPDR S&P INTERNATIONAL SMALL CAP ETF ETF 78463X871 225 6,756 SH   SOLE   0 0 6,756
VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF 921908844 3,234 34,894 SH   SOLE   0 0 34,894
ISHARES FTSE EPRA/NAREIT DEVELOPED REAL ESTATE EX-US INDEX FUND ETF 464288489 6,906 242,474 SH   SOLE   0 0 242,474
SPDR DOW JONES REIT ETF ETF 78464A607 506 5,445 SH   SOLE   0 0 5,445
ISHARES MSCI EAFE ETF ETF 464287465 7,727 118,517 SH   SOLE   0 0 118,517
ISHARES RUSSELL 1000 ETF ETF 464287622 9,555 70,637 SH   SOLE   0 0 70,637