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 ETF CORE MSCI EAFE COM 46432F842 103,396 1,569,472 SH   SOLE   1,569,472 0 0
FLEXSHARES QUAL DIV ETF COM 33939L860 41,112 940,138 SH   SOLE   940,138 0 0
ISHARES ETF CORE MSCI EMERGING MKTS COM 46434G103 54,512 933,438 SH   SOLE   933,438 0 0
VANGUARD TOTAL BOND MARKET ETF COM 921937835 58,895 736,838 SH   SOLE   736,838 0 0
ETRACS BLOOMBERG CMCI ETN COM 902641778 9,541 619,581 SH   SOLE   619,581 0 0
VANGUARD REIT ETF COM 922908553 45,438 602,069 SH   SOLE   602,069 0 0
VANGUARD SHORT-TERM TIPS ETF COM 922020805 22,301 455,968 SH   SOLE   455,968 0 0
ISHARES S&P SMALLCAP 600 INDEX ETF COM 464287804 34,945 453,784 SH   SOLE   453,784 0 0
POWERSHARES DB COMMODITY STRATEGY COM 73937V106 6,393 359,771 SH   SOLE   359,771 0 0
ISHARES CORE S&P MIDCAP 400 ETF COM 464287507 65,059 346,854 SH   SOLE   346,854 0 0
SPDR S&P 500 ETF COM 78462F103 85,726 325,771 SH   SOLE   325,771 0 0
SCH US TIPS ETF COM 808524870 7,610 138,675 SH   SOLE   138,675 0 0
ISHARES MSCI EAFE INDEX FUND CLOSED-END FU COM 464287465 6,591 94,600 SH   SOLE   94,600 0 0
SPDR BARCLAYS CAPITAL ST MUNI ETF COM 78468R739 3,725 77,910 SH   SOLE   77,910 0 0
ISHARES INTERMEDIATE GOVERMENT/CREDIT COM 464288612 6,421 59,300 SH   SOLE   59,300 0 0
ISHARES SHORT TREASURY BOND ETF COM 464288679 2,559 23,192 SH   SOLE   23,192 0 0
ISHARES MSCI CANADA ETF COM 464286509 465 16,900 SH   SOLE   16,900 0 0
ISHARES MSCI EMERGING MARKETS ETF COM 464287234 669 13,872 SH   SOLE   13,872 0 0
SPDR PORTFOLIO INTERMEDIATE COM 78464A375 442 13,200 SH   SOLE   13,200 0 0
ISHARES S&P 500/BARRA VALUE COM 464287408 1,281 11,719 SH   SOLE   11,719 0 0
VANGUARD S/T CORP BOND ETF COM 92206C409 630 8,040 SH   SOLE   8,040 0 0
ISHARES S&P 500 INDEX FUND COM 464287200 615 2,318 SH   SOLE   2,318 0 0
VANGUARD HIGH DVD YIELD ETF COM 921946406 379 4,601 SH   SOLE   4,601 0 0
ISHARES RUSSELL 2000 SMALL CAP GROWTH ETF COM 464287655 318 2,100 SH   SOLE   2,100 0 0
FIRST NATL BANK ALAS COM 32112J106 256 122 SH   SOLE   122 0 0