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
ACADIA HEALTHCARE COMPANY Common Stocks 00404A109 785 16,578 SH   SOLE 0 0 0 0
ACE LTD Common Stocks H0023R105 1,331 12,860 SH   SOLE 0 0 0 0
ALEXANDER & BALDWIN INC Common Stocks 014491104 526 12,613 SH   SOLE 0 0 0 0
ALLETE INC Common Stocks 018522300 421 8,436 SH   SOLE 0 0 0 0
ALLOT COMMUNICATIONS LTD Common Stocks M0854Q105 624 41,217 SH   SOLE 0 0 0 0
ALTRIA GROUP INC Common Stocks 02209S103 1,901 49,530 SH   SOLE 0 0 0 0
AMERICAN ELECTRIC POWER INC Common Stocks 025537101 1,231 26,328 SH   SOLE 0 0 0 0
AMERICAN INTL GROUP INC Common Stocks 026874784 2,759 54,038 SH   SOLE 0 0 0 0
APACHE CORP Common Stocks 037411105 1,546 17,984 SH   SOLE 0 0 0 0
APPLE COMPUTER INC Common Stocks 037833100 1,010 1,800 SH   SOLE 0 0 0 0
ASPEN TECHNOLOGY INC Common Stocks 045327103 601 14,383 SH   SOLE 0 0 0 0
AT&T INC Common Stocks 00206R102 598 17,018 SH   SOLE 0 0 0 0
B&G FOODS INC Common Stocks 05508R106 258 7,608 SH   SOLE 0 0 0 0
BAXTER INTL INC Common Stocks 071813109 2,241 32,225 SH   SOLE 0 0 0 0
CARDTRONICS Common Stocks 14161H108 633 14,558 SH   SOLE 0 0 0 0
CARRIAGE SERVICES INC Common Stocks 143905107 420 21,530 SH   SOLE 0 0 0 0
CEVA INC Common Stocks 157210105 460 30,248 SH   SOLE 0 0 0 0
CHAMBERS STREET PROPERTIES Common Stocks 157842105 1,085 141,874 SH   SOLE 0 0 0 0
CHEVRONTEXACO CORPORATION Common Stocks 166764100 1,925 15,411 SH   SOLE 0 0 0 0
CINEMARK HOLDINGS INC Common Stocks 17243V102 387 11,607 SH   SOLE 0 0 0 0
CISCO SYSTEMS INC Common Stocks 17275R102 1,273 56,766 SH   SOLE 0 0 0 0
COCA-COLA CO Common Stocks 191216100 2,754 66,678 SH   SOLE 0 0 0 0
COLGATE-PALMOLIVE CO Common Stocks 194162103 1,645 25,233 SH   SOLE 0 0 0 0
COLUMBIA BANKING SYSTEM Common Stocks 197236102 606 22,039 SH   SOLE 0 0 0 0
COMCAST CORP Common Stocks 20030N101 840 16,165 SH   SOLE 0 0 0 0
CONOCOPHILLIPS Common Stocks 20825C104 727 10,294 SH   SOLE 0 0 0 0
CORE-MARK HOLDING CO INC Common Stocks 218681104 374 4,930 SH   SOLE 0 0 0 0
CORESITE REALTY CORP Common Stocks 21870Q105 275 8,558 SH   SOLE 0 0 0 0
CORRECTIONS CORP OF AMERICA Common Stocks 22025Y407 1,142 35,603 SH   SOLE 0 0 0 0
COTT CORPORATION Common Stocks 22163N106 394 48,917 SH   SOLE 0 0 0 0
CVS CAREMARK CORPORATION Common Stocks 126650100 885 12,365 SH   SOLE 0 0 0 0
DISCOVER FINANCIAL SERVICES Common Stocks 254709108 1,599 28,581 SH   SOLE 0 0 0 0
DOMINION RES INC VA Common Stocks 25746U109 1,753 27,096 SH   SOLE 0 0 0 0
DOMTAR CORP Common Stocks 257559203 2,640 27,985 SH   SOLE 0 0 0 0
EL PASO ELECTRIC CO Common Stocks 283677854 272 7,761 SH   SOLE 0 0 0 0
EMC CORP MASS Common Stocks 268648102 1,267 50,363 SH   SOLE 0 0 0 0
ENDURANCE SPECIALTY HLDGS Common Stocks G30397106 702 11,964 SH   SOLE 0 0 0 0
EXPRESS SCRIPTS INC Common Stocks 30219G108 513 7,310 SH   SOLE 0 0 0 0
EXXON MOBIL CORP Common Stocks 30231G102 1,637 16,173 SH   SOLE 0 0 0 0
FAMILY DOLLAR STORES Common Stocks 307000109 1,542 23,730 SH   SOLE 0 0 0 0
FIFTH THIRD BANCORP Common Stocks 316773100 826 39,269 SH   SOLE 0 0 0 0
FRANKLIN RESOURCES INC Common Stocks 354613101 2,096 36,299 SH   SOLE 0 0 0 0
GENERAL ELECTRIC CO Common Stocks 369604103 2,607 93,001 SH   SOLE 0 0 0 0
GENESEE & WYOMING INC-CL A Common Stocks 371559105 382 3,976 SH   SOLE 0 0 0 0
GOLDCORP INC Common Stocks 380956409 593 27,346 SH   SOLE 0 0 0 0
GRAPHIC PACKAGING HOLDING Common Stocks 388689101 370 38,566 SH   SOLE 0 0 0 0
HAEMONETICS CORPORATION Common Stocks 405024100 497 11,791 SH   SOLE 0 0 0 0
HANGER INC Common Stocks 41043F208 357 9,086 SH   SOLE 0 0 0 0
HSN INC Common Stocks 404303109 506 8,129 SH   SOLE 0 0 0 0
IPATH DOW JONES-AIG COMMDTY INDX ETN ETF 06738C778 4 117 SH   OTR 0 0 0 0
IPATH DOW JONES-AIG COMMDTY INDX ETN ETF 06738C778 9,952 270,804 SH   SOLE 0 0 0 0
ISHARES BARCLAY TIPS BONDS ETF 464287176 30 276 SH   OTR 0 0 0 0
ISHARES BARCLAY TIPS BONDS ETF 464287176 1,594 14,505 SH   SOLE 0 0 0 0
ISHARES MSCI JAPAN ETF ETF 464286848 533 43,915 SH   SOLE 0 0 0 0
ISHARES S&P 500 INDEX FUND ETF 464287200 28 151 SH   OTR 0 0 0 0
ISHARES S&P 500 INDEX FUND ETF 464287200 8,319 44,812 SH   SOLE 0 0 0 0
ISHARES S&P MIDCAP 400 INDEX FUND ETF 464287465 938 7,008 SH   SOLE 0 0 0 0
ISHARES TR MSCI EAFE INDEX ETF 464287465 814 12,135 SH   SOLE 0 0 0 0
ISHARES TR RUSSL 2000 INDEX ETF 464287655 9 82 SH   OTR 0 0 0 0
ISHARES TR RUSSL 2000 INDEX ETF 464287655 5,745 49,798 SH   SOLE 0 0 0 0
JOHNSON & JOHNSON Common Stocks 478160104 1,939 21,165 SH   SOLE 0 0 0 0
JPMORGAN CHASE & CO Common Stocks 46625H100 2,132 36,457 SH   SOLE 0 0 0 0
KAR AUCTION SERVICES INC Common Stocks 48238T109 3,327 112,594 SH   SOLE 0 0 0 0
LITHIA MOTORS INC CL A Common Stocks 536797103 583 8,401 SH   SOLE 0 0 0 0
MARVELL TECHNOLOGY GROUP LTD Common Stocks G5876H105 1,501 104,403 SH   SOLE 0 0 0 0
MATSON INC Common Stocks 57686G105 725 27,769 SH   SOLE 0 0 0 0
MERCK & CO INC Common Stocks 58933Y105 2,616 52,268 SH   SOLE 0 0 0 0
MICROSOFT CORP Common Stocks 594918104 2,128 56,882 SH   SOLE 0 0 0 0
NATIONAL OILWELL VARCO INC Common Stocks 637071101 2,127 26,741 SH   SOLE 0 0 0 0
NEXTERA ENERGY INC Common Stocks 65339F101 642 7,502 SH   SOLE 0 0 0 0
NIELSEN HOLDING N.V. Common Stocks N63218106 2,457 53,547 SH   SOLE 0 0 0 0
NORFOLK SOUTHN CORP Common Stocks 655844108 785 8,452 SH   SOLE 0 0 0 0
OCCIDENTAL PETE CORP Common Stocks 674599105 2,365 24,867 SH   SOLE 0 0 0 0
OCWEN FINANCIAL CORP Common Stocks 675746309 595 10,723 SH   SOLE 0 0 0 0
ORACLE CORP Common Stocks 68389X105 2,840 74,217 SH   SOLE 0 0 0 0
PERFORMANT FINANCIAL CORP Common Stocks 71377E105 319 30,956 SH   SOLE 0 0 0 0
PNC FINL SVCS GROUP INC Common Stocks 693475105 1,744 22,483 SH   SOLE 0 0 0 0
PROASSURANCE CORP Common Stocks 74267C106 443 9,133 SH   SOLE 0 0 0 0
PROCERA NETWORKS INC Common Stocks 74269U203 516 34,331 SH   SOLE 0 0 0 0
PRUDENTIAL FINANCIAL INC Common Stocks 744320102 2,115 22,930 SH   SOLE 0 0 0 0
REACH LOCAL INC Common Stocks 75525F104 609 47,917 SH   SOLE 0 0 0 0
RESOLUTE ENERGY COMPANY Common Stocks 76116A108 518 57,374 SH   SOLE 0 0 0 0
SABRA HEALTHCARE REIT Common Stocks 78573L106 672 25,693 SH   SOLE 0 0 0 0
SCHLUMBERGER LTD Common Stocks 806857108 548 6,082 SH   SOLE 0 0 0 0
SEMGROUP CORP CL A Common Stocks 81663A105 411 6,298 SH   SOLE 0 0 0 0
SILICON IMAGE INC Common Stocks 82705T102 765 124,346 SH   SOLE 0 0 0 0
SP PLUS CORPORATION Common Stocks 78469C103 502 19,289 SH   SOLE 0 0 0 0
SPDR BARCLAYS HIGH YLD BOND ETF ETF 78464A417 36 894 SH   OTR 0 0 0 0
SPDR BARCLAYS HIGH YLD BOND ETF ETF 78464A417 14,935 368,219 SH   SOLE 0 0 0 0
SPDR BARCLAYS INTL TREASURY BOND ETF ETF 78464A516 3,423 59,280 SH   SOLE 0 0 0 0
SPDR ENERGY SELECT ETF 81369Y506 320 3,618 SH   SOLE 0 0 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 2,519 13,639 SH   SOLE 0 0 0 0
SPECTRUM BRANDS HOLDING Common Stocks 84763R101 309 4,386 SH   SOLE 0 0 0 0
ST JUDE MEDICAL CENTER INC Common Stocks 790849103 1,880 30,352 SH   SOLE 0 0 0 0
STANDARD MOTOR PRODUCTS Common Stocks 853666105 439 11,922 SH   SOLE 0 0 0 0
SUMMIT HOTEL PROPERTIES Common Stocks 866082100 394 43,771 SH   SOLE 0 0 0 0
SYMMETRY MEDICAL INC Common Stocks 871546206 790 78,419 SH   SOLE 0 0 0 0
TARGET CORP Common Stocks 87612E106 2,388 37,744 SH   SOLE 0 0 0 0
THOR INDUSTRIES INC Common Stocks 885160101 2,449 44,347 SH   SOLE 0 0 0 0
TJX COS INC NEW Common Stocks 872540109 750 11,765 SH   SOLE 0 0 0 0
UNION PACIFIC CORP Common Stocks 907818108 1,200 7,145 SH   SOLE 0 0 0 0
VALMONT INDS INC COM Common Stocks 920253101 691 4,637 SH   SOLE 0 0 0 0
VANGUARD FTSE DEVELOPED ETF ETF 921943858 23 552 SH   OTR 0 0 0 0
VANGUARD FTSE DEVELOPED ETF ETF 921943858 32,415 777,719 SH   SOLE 0 0 0 0
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF ETF 922042858 4 106 SH   OTR 0 0 0 0
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF ETF 922042858 419 10,196 SH   SOLE 0 0 0 0
VANGUARD REIT ETF ETF 922908553 4 64 SH   OTR 0 0 0 0
VANGUARD REIT ETF ETF 922908553 4,040 62,573 SH   SOLE 0 0 0 0
VANGUARD SMALL CAP ETF ETF 922908751 2,200 20,012 SH   SOLE 0 0 0 0
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 172 2,145 SH   OTR 0 0 0 0
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 10,848 135,517 SH   SOLE 0 0 0 0
VERIZON COMMUNICATIONS Common Stocks 92343V104 1,547 31,472 SH   SOLE 0 0 0 0
VISA INC- CLASS A SHARES Common Stocks 92826C839 907 4,073 SH   SOLE 0 0 0 0
WELLS FARGO Common Stocks 949746101 1,806 39,769 SH   SOLE 0 0 0 0
WESTERN REFINING INC Common Stocks 959319104 327 7,716 SH   SOLE 0 0 0 0
XYRATEX LTD Common Stocks G98268108 664 49,958 SH   SOLE 0 0 0 0
ZIX CORPORATION Common Stocks 98974P100 320 70,253 SH   SOLE 0 0 0 0