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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
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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 MSCI EMU INDEX 464286608 38,923 940,631 SH   SOLE   75,133 0 865,498
ISHARES MSCI FRNTR100ETF 464286145 11,754 348,365 SH   SOLE   32,383 0 315,982
ISHARES EAFE SML CP ETF 464288273 11,588 227,304 SH   SOLE   21,042 0 206,262
ISHARES ISHARES 46428Q109 8,772 468,833 SH   SOLE   42,594 0 426,239
ISHARES IBOXX INV CP ETF 464287242 15,506 135,797 SH   SOLE   2,340 0 133,457
ISHARES EAFE GRWTH ETF 464288885 12,905 180,543 SH   SOLE   16,758 0 163,785
ISHARES EAFE VALUE ETF 464288877 43,366 758,159 SH   SOLE   54,352 0 703,807
ISHARES RUS 2000 VAL ETF 464287630 1,259 12,653 SH   SOLE   1,303 0 11,350
ISHARES RUS MDCP VAL ETF 464287473 10,686 162,633 SH   SOLE   14,733 0 147,900
ISHARES RUS 1000 GRW ETF 464287614 252 2,927 SH   SOLE   0 0 2,927
ISHARES RUS 1000 VAL ETF 464287598 27,997 297,307 SH   SOLE   22,767 0 274,540
ISHARES GRWT ALLOCAT ETF 464289867 349 9,066 SH   SOLE   0 0 9,066
ISHARES MODERT ALLOC ETF 464289875 888 25,871 SH   SOLE   0 0 25,871
ISHARES U.S. PFD STK ETF 464288687 14,888 404,402 SH   SOLE   26,615 0 377,787
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 659 31,176 SH   SOLE   2,014 0 29,162
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 977 34,580 SH   SOLE   0 0 34,580
SPDR GOLD TRUST GOLD SHS 78463V107 232 2,000 SH   SOLE   0 0 2,000
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 32,141 780,140 SH   SOLE   52,163 0 727,977
SPDR INDEX SHS FDS INTL UTILT ETF 78463X632 439 24,225 SH   SOLE   0 0 24,225
SPDR SER TR SHT TRM HGH YLD 78468R408 35,313 1,144,673 SH   SOLE   67,779 0 1,076,894
SPDR SERIES TRUST BRCLY INTL CRP 78464A151 5,881 160,448 SH   SOLE   2,455 0 157,993