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
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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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 4,205 106,593 SH   SOLE   1,840 0 104,753
ISHARES MSCI EMU INDEX 464286608 30,526 722,168 SH   SOLE   67,579 0 654,589
ISHARES MSCI FRNTR100ETF 464286145 9,574 264,113 SH   SOLE   29,362 0 234,751
ISHARES EAFE SML CP ETF 464288273 12,511 239,674 SH   SOLE   26,329 0 213,345
ISHARES ISHARES 46428Q109 7,061 370,858 SH   SOLE   39,406 0 331,452
ISHARES IBOXX INV CP ETF 464287242 29,112 248,952 SH   SOLE   16,543 0 232,409
ISHARES EAFE GRWTH ETF 464288885 1,090 15,360 SH   SOLE   1,846 0 13,514
ISHARES EAFE VALUE ETF 464288877 21,624 375,557 SH   SOLE   33,385 0 342,172
ISHARES RUS 1000 VAL ETF 464287598 22,068 228,687 SH   SOLE   20,481 0 208,206
ISHARES GRWT ALLOCAT ETF 464289867 335 8,553 SH   SOLE   0 0 8,553
ISHARES MODERT ALLOC ETF 464289875 926 26,601 SH   SOLE   0 0 26,601
ISHARES U.S. PFD STK ETF 464288687 29,825 764,144 SH   SOLE   51,488 0 712,656
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 7,469 316,436 SH   SOLE   33,393 0 283,043
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 919 31,100 SH   SOLE   0 0 31,100
SPDR GOLD TRUST GOLD SHS 78463V107 9,721 78,646 SH   SOLE   5,050 0 73,596
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 4,702 114,191 SH   SOLE   1,805 0 112,386
SPDR INDEX SHS FDS INTL UTILT ETF 78463X632 344 17,850 SH   SOLE   0 0 17,850
SPDR SER TR SHT TRM HGH YLD 78468R408 28,189 910,217 SH   SOLE   60,271 0 849,946
SPDR SERIES TRUST BRCLY INTL CRP 78464A151 4,593 123,098 SH   SOLE   1,949 0 121,149
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 4,229 48,462 SH   SOLE   835 0 47,627
VANGUARD SCOTTSDALE FDS SHRT TERM CORP BD 92206C409 4,094 51,182 SH   SOLE   892 0 50,290