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 6,579 42,236 SH   SOLE   0 0 42,236
VANGUARD TOTAL STOCK MARKET INDEX FUND ETF 922908769 958 6,978 SH   SOLE   0 0 6,978
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,891 125,012 SH   SOLE   0 0 125,012
VANGUARD REAL ESTATE ETF ETF 922908553 26,759 322,480 SH   SOLE   0 0 322,480
SPDR DOW JONES INDUSTRIAL AVERAGE ETF ETF 78467X109 1,068 4,316 SH   SOLE   0 0 4,316
SPDR DOW JONES GLOBAL REAL ESTATE ETF ETF 78463X749 439 8,975 SH   SOLE   0 0 8,975
SPDR S&P 500 ETF ETF 78462F103 121,581 455,598 SH   SOLE   0 0 455,598
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 487 8,230 SH   SOLE   0 0 8,230
SCHWAB U.S. SMALL-CAP ETF ETF 808524607 8,466 121,400 SH   SOLE   0 0 121,400
SCHWAB U.S. BROAD MARKET ETF ETF 808524102 202 3,135 SH   SOLE   0 0 3,135
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 42,811 1,256,554 SH   SOLE   0 0 1,256,554
SCHWAB U.S. LARGE-CAP ETF ETF 808524201 363 5,698 SH   SOLE   0 0 5,698
SCHWAB EMERGING MARKETS EQUITY ETF ETF 808524706 30,430 1,089,110 SH   SOLE   0 0 1,089,110
VANGUARD SMALL-CAP INDEX FUND ETF 922908751 2,020 13,669 SH   SOLE   0 0 13,669
VANGUARD MID-CAP INDEX FUND ETF 922908629 34,000 219,666 SH   SOLE   0 0 219,666
VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX ETF 922042676 17,851 295,060 SH   SOLE   0 0 295,060
SCHWAB U.S. REIT ETF ETF 808524847 232 5,570 SH   SOLE   0 0 5,570
SCHWAB U.S. MID-CAP ETF ETF 808524508 15,030 282,144 SH   SOLE   0 0 282,144
ISHARES RUSSELL 2000 ETF ETF 464287655 21,585 141,579 SH   SOLE   0 0 141,579
ISHARES CORE HIGH DIVIDEND ETF ETF 46429B663 216 2,400 SH   SOLE   0 0 2,400
POWERSHARES S&P 500 LOW VOLATILITY PORTFOLIO ETF 73937B779 493 10,329 SH   SOLE   0 0 10,329
ISHARES SELECT DIVIDEND ETF ETF 464287168 460 4,665 SH   SOLE   0 0 4,665
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 380 2,863 SH   SOLE   0 0 2,863
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 269 2,542 SH   SOLE   0 0 2,542
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF ETF 78463X863 885 21,860 SH   SOLE   0 0 21,860
ISHARES CORE S&P 500 ETF ETF 464287200 27,127 100,901 SH   SOLE   0 0 100,901
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 57,509 1,281,970 SH   SOLE   0 0 1,281,970
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 15,191 330,896 SH   SOLE   0 0 330,896
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF 921946406 404 4,713 SH   SOLE   0 0 4,713
VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF 921908844 2,437 23,880 SH   SOLE   0 0 23,880
ISHARES FTSE EPRA/NAREIT DEVELOPED REAL ESTATE EX-US INDEX FUND ETF 464288489 6,808 226,944 SH   SOLE   0 0 226,944
SPDR DOW JONES REIT ETF ETF 78464A607 518 5,530 SH   SOLE   0 0 5,530
ISHARES MSCI EAFE ETF ETF 464287465 8,293 117,956 SH   SOLE   0 0 117,956
ISHARES RUSSELL 1000 ETF ETF 464287622 10,295 69,274 SH   SOLE   0 0 69,274