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 GLOBAL ETF TRUST ASIA PAC EX-JP 73936T854 204 4,045 SH   SOLE   0 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 234 2,771 SH   SOLE   0 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 253 5,211 SH   SOLE   0 0 0
ISHARES TR MRNGSTR LG-CP ET 464287127 325 2,630 SH   SOLE   0 0 0
VANGUARD WORLD FDS MATERIALS ETF 92204A801 401 3,737 SH   SOLE   0 0 0
POWERSHARES ETF TRUST DYN PHRMA PORT 73935X799 515 7,736 SH   SOLE   0 0 0
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 484 15,474 SH   SOLE   0 0 0
ISHARES MSCI SWEDEN ETF 464286756 633 19,975 SH   SOLE   0 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 9,114 76,192 SH   SOLE   0 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 7,505 136,551 SH   SOLE   0 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 16,572 156,340 SH   SOLE   0 0 0
ISHARES EAFE VALUE ETF 464288877 10,827 212,168 SH   SOLE   0 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 23,185 218,747 SH   SOLE   0 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 24,231 253,440 SH   SOLE   0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 11,360 289,121 SH   SOLE   0 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 31,323 300,026 SH   SOLE   0 0 0
ISHARES INTERM CR BD ETF 464288638 46,523 425,531 SH   SOLE   0 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 37,330 459,966 SH   SOLE   0 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,316 615,535 SH   SOLE   0 0 0
ISHARES TR MSCI EAFE ETF 464287465 46,737 768,192 SH   SOLE   0 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 17,707 959,745 SH   SOLE   0 0 0
POWERSHARES ETF TRUST S&P 500 HGH QLTY 73935X682 38,024 1,633,319 SH   SOLE   0 0 0
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 56,102 2,322,087 SH   SOLE   0 0 0