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 TR ETF 46090E103 7,927 41,985 SH   SOLE   0 0 41,985
TECHNOLOGY SELECT SECTOR SPDR ETF 81369Y803 210 2,602 SH   SOLE   0 0 2,602
VANGUARD TOTAL STK MKT ETF 922908769 1,041 6,891 SH   SOLE   0 0 6,891
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,175 126,621 SH   SOLE   0 0 126,621
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 31,363 336,332 SH   SOLE   0 0 336,332
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 712 2,643 SH   SOLE   0 0 2,643
SPDR S&P 500 ETF ETF 78462F103 135,171 455,475 SH   SOLE   0 0 455,475
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 523 8,530 SH   SOLE   0 0 8,530
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 12,430 178,253 SH   SOLE   0 0 178,253
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 40,863 1,282,579 SH   SOLE   0 0 1,282,579
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 461 6,503 SH   SOLE   0 0 6,503
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 29,151 1,160,007 SH   SOLE   0 0 1,160,007
VANGUARD SMALL CAP ETF ETF 922908751 2,226 14,466 SH   SOLE   0 0 14,466
VANGUARD MID CAP ETF 922908629 35,836 213,819 SH   SOLE   0 0 213,819
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 18,419 314,367 SH   SOLE   0 0 314,367
SCH US REIT ETF ETF 808524847 1,281 27,167 SH   SOLE   0 0 27,167
SCHWAB US MID-CAP ETF ETF 808524508 16,473 291,343 SH   SOLE   0 0 291,343
ISHARES RUSSELL 2000 ETF ETF 464287655 17,933 118,495 SH   SOLE   0 0 118,495
ISHARES TR HIGH DIVID EQUITY FD ETF 46429B663 217 2,306 SH   SOLE   0 0 2,306
POWERSHARES SP500 LOW VOLATILITY ETF ETF 46138E354 590 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 489 4,799 SH   SOLE   0 0 4,799
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 301 2,336 SH   SOLE   0 0 2,336
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 539 4,950 SH   SOLE   0 0 4,950
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 885 22,404 SH   SOLE   0 0 22,404
ISHARES S&P 500 INDEX ETF 464287200 35,513 118,964 SH   SOLE   0 0 118,964
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 55,245 1,344,826 SH   SOLE   0 0 1,344,826
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 14,559 361,631 SH   SOLE   0 0 361,631
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 383 4,313 SH   SOLE   0 0 4,313
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,636 22,041 SH   SOLE   0 0 22,041
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 5,904 198,983 SH   SOLE   0 0 198,983
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 616 5,889 SH   SOLE   0 0 5,889
ISHARES MSCI EAFE ETF ETF 464287465 7,940 121,753 SH   SOLE   0 0 121,753
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 9,804 59,585 SH   SOLE   0 0 59,585