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
ISHARES GOLD TRUST ISHARES 464285105 4,288 357,000 SH   SOLE NONE 0 0 357,000
ISHARES TR TIPS BD ETF 464287176 10,028 87,465 SH   SOLE NONE 0 0 87,465
ISHARES TR MSCI EMG MKT ETF 464287234 9,128 231,740 SH   SOLE NONE 0 0 231,740
ISHARES TR IBOXX INV CP ETF 464287242 12,424 105,370 SH   SOLE NONE 0 0 105,370
ISHARES TR S&P 500 VAL ETF 464287408 7,157 68,790 SH   SOLE NONE 0 0 68,790
ISHARES TR RUS MID CAP ETF 464287499 1,020 5,447 SH   SOLE NONE 0 0 5,447
ISHARES TR CORE S&P MCP ETF 464287507 400 2,335 SH   SOLE NONE 0 0 2,335
ISHARES TR NASDQ BIOTEC ETF 464287556 3,226 11,000 SH   SOLE NONE 0 0 11,000
ISHARES TR RUS 1000 VAL ETF 464287598 9,135 79,480 SH   SOLE NONE 0 0 79,480
ISHARES TR RUS 2000 VAL ETF 464287630 933 7,900 SH   SOLE NONE 0 0 7,900
ISHARES TR RUSSELL 2000 ETF 464287655 31,275 227,490 SH   SOLE NONE 0 0 227,490
ISHARES TR U.S. REAL ES ETF 464287739 7,193 91,640 SH   SOLE NONE 0 0 91,640
ISHARES TR U.S. ENERGY ETF 464287796 4,625 120,000 SH   SOLE NONE 0 0 120,000
ISHARES TR CORE S&P SCP ETF 464287804 4,517 65,308 SH   SOLE NONE 0 0 65,308
ISHARES TR SP SMCP600VL ETF 464287879 5,283 38,105 SH   SOLE NONE 0 0 38,105
ISHARES TR NATIONAL MUN ETF 464288414 4,366 40,075 SH   SOLE NONE 0 0 40,075
ISHARES TR IBOXX HI YD ETF 464288513 6,289 71,650 SH   SOLE NONE 0 0 71,650
ISHARES TR MBS ETF 464288588 2,908 27,290 SH   SOLE NONE 0 0 27,290
ISHARES TR INTERM CR BD ETF 464288638 1,967 18,050 SH   SOLE NONE 0 0 18,050
ISHARES TR U.S. PHARMA ETF 464288836 272 1,800 SH   SOLE NONE 0 0 1,800
ISHARES TR US TREASURY ETF 46429B267 4,319 172,400 SH   SOLE NONE 0 0 172,400
ISHARES TR MIN VOL EAFE ETF 46429B689 20,165 305,530 SH   SOLE NONE 0 0 305,530
ISHARES TR MIN VOL USA ETF 46429B697 11,944 250,300 SH   SOLE NONE 0 0 250,300
ISHARES TR USA MOMENTUM FCT 46432F396 2,114 25,580 SH   SOLE NONE 0 0 25,580
ISHARES TR 0-5YR INVT GR CP 46434V100 1,462 29,000 SH   SOLE NONE 0 0 29,000
PIMCO ETF TR BROAD US TIPS 72201R403 326 5,600 SH   SOLE NONE 0 0 5,600
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 10,446 78,910 SH   SOLE NONE 0 0 78,910
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 2,936 25,220 SH   SOLE NONE 0 0 25,220
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 5,238 225,200 SH   SOLE NONE 0 0 225,200
POWERSHARES ETF TR II FDM HG YLD RAFI 73936T557 10,125 538,260 SH   SOLE NONE 0 0 538,260
POWERSHARES ETF TR II VAR RATE PFD POR 73937B597 5,511 216,550 SH   SOLE NONE 0 0 216,550
POWERSHARES ETF TR II S&P600 LOVL PT 73937B639 5,671 132,320 SH   SOLE NONE 0 0 132,320
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 400 9,460 SH   SOLE NONE 0 0 9,460
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 365 8,400 SH   SOLE NONE 0 0 8,400
PROSHARES TR S&P 500 DV ARIST 74348A467 14,551 258,870 SH   SOLE NONE 0 0 258,870
SPDR S&P 500 ETF TR TR UNIT 78462F103 36,104 153,150 SH   SOLE NONE 0 0 153,150
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 8,371 174,030 SH   SOLE NONE 0 0 174,030
SPDR SERIES TRUST S&P DIVID ETF 78464A763 361 4,100 SH   SOLE NONE 0 0 4,100
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 11,803 37,780 SH   SOLE NONE 0 0 37,780
SPDR SER TR NUVEEN BLMBRG SR 78468R739 888 18,340 SH   SOLE NONE 0 0 18,340
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 3,249 62,000 SH   SOLE NONE 0 0 62,000
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,346 45,000 SH   SOLE NONE 0 0 45,000
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 3,475 63,670 SH   SOLE NONE 0 0 63,670
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,073 23,570 SH   SOLE NONE 0 0 23,570
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 19,001 800,710 SH   SOLE NONE 0 0 800,710
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,952 30,000 SH   SOLE NONE 0 0 30,000
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,132 40,000 SH   SOLE NONE 0 0 40,000
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 909 10,110 SH   SOLE NONE 0 0 10,110
VANGUARD STAR FD VG TL INTL STK F 921909768 1,292 26,000 SH   SOLE NONE 0 0 26,000
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 5,438 60,400 SH   SOLE NONE 0 0 60,400
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 6,591 167,700 SH   SOLE NONE 0 0 167,700
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 8,440 108,690 SH   SOLE NONE 0 0 108,690
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 5,653 104,430 SH   SOLE NONE 0 0 104,430
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 16,891 425,240 SH   SOLE NONE 0 0 425,240
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 227 4,400 SH   SOLE NONE 0 0 4,400
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,140 14,300 SH   SOLE NONE 0 0 14,300
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 1,391 12,600 SH   SOLE NONE 0 0 12,600
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 877 9,760 SH   SOLE NONE 0 0 9,760
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 881 10,200 SH   SOLE NONE 0 0 10,200
VANGUARD INDEX FDS REIT ETF 922908553 13,401 162,255 SH   SOLE NONE 0 0 162,255
VANGUARD INDEX FDS MID CAP ETF 922908629 3,189 22,900 SH   SOLE NONE 0 0 22,900
VANGUARD INDEX FDS SMALL CP ETF 922908751 3,839 28,805 SH   SOLE NONE 0 0 28,805
VANGUARD INDEX FDS TOTAL STK MKT 922908769 232 1,910 SH   SOLE NONE 0 0 1,910