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 9,016 42,407 SH   SOLE   0 0 42,407
TECHNOLOGY SELECT SECTOR SPDR ETF 81369Y803 259 2,827 SH   SOLE   0 0 2,827
VANGUARD TOTAL STK MKT ETF 922908769 1,266 7,736 SH   SOLE   0 0 7,736
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,657 126,081 SH   SOLE   0 0 126,081
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 31,653 341,121 SH   SOLE   0 0 341,121
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 724 2,538 SH   SOLE   0 0 2,538
SPDR S&P 500 ETF ETF 78462F103 148,317 460,812 SH   SOLE   0 0 460,812
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 526 8,586 SH   SOLE   0 0 8,586
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 13,524 178,790 SH   SOLE   0 0 178,790
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 44,817 1,332,649 SH   SOLE   0 0 1,332,649
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 505 6,573 SH   SOLE   0 0 6,573
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 33,488 1,223,527 SH   SOLE   0 0 1,223,527
VANGUARD SMALL CAP ETF ETF 922908751 2,393 14,446 SH   SOLE   0 0 14,446
VANGUARD MID CAP ETF 922908629 37,828 212,304 SH   SOLE   0 0 212,304
VANGUARD INFORMATION TECHNOLOGY ETF 92204A702 202 826 SH   SOLE   0 0 826
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 19,863 336,148 SH   SOLE   0 0 336,148
SCH US REIT ETF ETF 808524847 1,241 27,006 SH   SOLE   0 0 27,006
SCHWAB US MID-CAP ETF ETF 808524508 17,707 294,388 SH   SOLE   0 0 294,388
ISHARES RUSSELL 2000 ETF ETF 464287655 20,218 122,038 SH   SOLE   0 0 122,038
ISHARES TR HIGH DIVID EQUITY FD ETF 46429B663 227 2,319 SH   SOLE   0 0 2,319
POWERSHARES SP500 LOW VOLATILITY ETF ETF 46138E354 594 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 437 4,133 SH   SOLE   0 0 4,133
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 322 2,347 SH   SOLE   0 0 2,347
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 549 5,090 SH   SOLE   0 0 5,090
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 869 22,404 SH   SOLE   0 0 22,404
ISHARES S&P 500 INDEX ETF 464287200 39,318 121,637 SH   SOLE   0 0 121,637
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 59,418 1,348,566 SH   SOLE   0 0 1,348,566
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 15,964 358,992 SH   SOLE   0 0 358,992
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 407 4,348 SH   SOLE   0 0 4,348
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,738 21,960 SH   SOLE   0 0 21,960
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 6,151 203,673 SH   SOLE   0 0 203,673
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 608 5,955 SH   SOLE   0 0 5,955
ISHARES MSCI EAFE ETF ETF 464287465 8,964 129,096 SH   SOLE   0 0 129,096
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 10,747 60,235 SH   SOLE   0 0 60,235