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
FLEXSHARES TR INTL QLTDV IDX 33939L837 40,024 1,829,268 SH   SOLE   0 0 1,829,268
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 79,307 4,314,867 SH   SOLE   0 0 4,314,867
ISHARES TR MRNGSTR LG-CP GR 464287119 5 39 SH   SOLE   0 0 39
ISHARES TR TIPS BD ETF 464287176 166,347 1,425,789 SH   SOLE   0 0 1,425,789
ISHARES TR S&P 500 GRWT ETF 464287309 5,044 43,269 SH   SOLE   0 0 43,269
ISHARES TR S&P 500 VAL ETF 464287408 7,254 78,088 SH   SOLE   0 0 78,088
ISHARES TR 7-10 Y TR BD ETF 464287440 27,852 246,580 SH   SOLE   0 0 246,580
ISHARES TR 1-3 YR TR BD ETF 464287457 352,087 4,126,670 SH   SOLE   0 0 4,126,670
ISHARES TR MSCI EAFE ETF 464287465 71,474 1,280,441 SH   SOLE   0 0 1,280,441
ISHARES TR RUS MDCP VAL ETF 464287473 2,895 38,973 SH   SOLE   0 0 38,973
ISHARES TR RUS MD CP GR ETF 464287481 169,574 1,812,072 SH   SOLE   0 0 1,812,072
ISHARES TR RUS 1000 VAL ETF 464287598 16,658 161,370 SH   SOLE   0 0 161,370
ISHARES TR S&P MC 400GR ETF 464287606 57 340 SH   SOLE   0 0 340
ISHARES TR RUS 1000 GRW ETF 464287614 1,315 13,099 SH   SOLE   0 0 13,099
ISHARES TR RUS 2000 VAL ETF 464287630 95,346 980,021 SH   SOLE   0 0 980,021
ISHARES TR RUS 2000 GRW ETF 464287648 48,422 352,983 SH   SOLE   0 0 352,983
ISHARES TR CORE US VAL ETF 464287663 3 21 SH   SOLE   0 0 21
ISHARES TR S&P MC 400VL ETF 464287705 152 1,185 SH   SOLE   0 0 1,185
ISHARES TR SP SMCP600VL ETF 464287879 1,391 11,910 SH   SOLE   0 0 11,910
ISHARES TR SP SMCP600GR ETF 464287887 1,565 12,190 SH   SOLE   0 0 12,190
ISHARES 3YRTB ETF 464288125 4 50 SH   SOLE   0 0 50
ISHARES EAFE SML CP ETF 464288273 28,174 583,803 SH   SOLE   0 0 583,803
ISHARES JP MOR EM MK ETF 464288281 244,369 2,122,180 SH   SOLE   0 0 2,122,180
ISHARES MRGSTR MD CP GRW 464288307 2 13 SH   SOLE   0 0 13
ISHARES GLB INFRASTR ETF 464288372 5 123 SH   SOLE   0 0 123
ISHARES INTL DEVPPTY ETF 464288422 4,367 118,812 SH   SOLE   0 0 118,812
ISHARES IBOXX HI YD ETF 464288513 3,081 36,381 SH   SOLE   0 0 36,381
ISHARES MBS ETF 464288588 325,426 2,959,224 SH   SOLE   0 0 2,959,224
ISHARES INTRM GOV/CR ETF 464288612 602,267 5,313,339 SH   SOLE   0 0 5,313,339
ISHARES 1-3 YR CR BD ETF 464288646 132 1,245 SH   SOLE   0 0 1,245
ISHARES 10-20 YR TRS ETF 464288653 1,267 8,640 SH   SOLE   0 0 8,640
ISHARES 3-7 YR TR BD ETF 464288661 1,764 13,851 SH   SOLE   0 0 13,851
ISHARES SHRT TRS BD ETF 464288679 6,650 60,207 SH   SOLE   0 0 60,207
ISHARES MRNING SM CP ETF 464288703 5 39 SH   SOLE   0 0 39
ISHARES MICRO-CAP ETF 464288869 4,391 62,097 SH   SOLE   0 0 62,097
ISHARES RUS TP200 GR ETF 464289438 39 722 SH   SOLE   0 0 722
PIMCO ETF TR BROAD US TIPS 72201R403 9 144 SH   SOLE   0 0 144
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 4,281 425,141 SH   SOLE   0 0 425,141
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 200 6,504 SH   SOLE   0 0 6,504
POWERSHARES ETF TRUST FND PR MIDGRT PT 73935X807 131 4,445 SH   SOLE   0 0 4,445
POWERSHARES ETF TRUST FND PUR SMVAL PT 73935X864 1,899 79,100 SH   SOLE   0 0 79,100
POWERSHARES GLOBAL ETF TRUST FDM HG YLD RAFI 73936T557 16 870 SH   SOLE   0 0 870
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 128 4,343 SH   SOLE   0 0 4,343
RYDEX ETF TRUST GUG S&P MC400 PG 78355W601 20 164 SH   SOLE   0 0 164
SPDR SERIES TRUST S&P 600 SMCP GRW 78464A201 3 16 SH   SOLE   0 0 16
SPDR SERIES TRUST S&P 600 SMCP VAL 78464A300 24 241 SH   SOLE   0 0 241
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 249,625 6,994,246 SH   SOLE   0 0 6,994,246
SPDR SERIES TRUST S&P 500 VALUE 78464A508 44 435 SH   SOLE   0 0 435
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 38 664 SH   SOLE   0 0 664
SPDR SERIES TRUST BARCLYS TIPS ETF 78464A656 7 123 SH   SOLE   0 0 123
SPDR SERIES TRUST BRCLYS INTER ETF 78464A672 19,565 317,350 SH   SOLE   0 0 317,350
SPDR SERIES TRUST S&P 400 MDCP GRW 78464A821 186 1,508 SH   SOLE   0 0 1,508
SPDR SERIES TRUST S&P 400 MDCP VAL 78464A839 89 1,076 SH   SOLE   0 0 1,076
SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 25 480 SH   SOLE   0 0 480
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 7 152 SH   SOLE   0 0 152
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 24,550 529,784 SH   SOLE   0 0 529,784
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 55,719 777,056 SH   SOLE   0 0 777,056
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 51,859 940,334 SH   SOLE   0 0 940,334
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 44,077 564,655 SH   SOLE   0 0 564,655
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 10,520 154,167 SH   SOLE   0 0 154,167
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 59,494 2,603,125 SH   SOLE   0 0 2,603,125
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 25,094 448,029 SH   SOLE   0 0 448,029
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 74,143 1,709,542 SH   SOLE   0 0 1,709,542
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 10,839 206,575 SH   SOLE   0 0 206,575
VANGUARD WORLD FD MEGA GRWTH IND 921910816 7,650 91,666 SH   SOLE   0 0 91,666
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 64,419 657,006 SH   SOLE   0 0 657,006
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 11,469 130,228 SH   SOLE   0 0 130,228
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 51,005 629,228 SH   SOLE   0 0 629,228
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 102,622 1,217,339 SH   SOLE   0 0 1,217,339
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 476,748 13,482,696 SH   SOLE   0 0 13,482,696
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 270 3,784 SH   SOLE   0 0 3,784
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 92 1,698 SH   SOLE   0 0 1,698
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 57,982 622,856 SH   SOLE   0 0 622,856
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 370,376 10,513,074 SH   SOLE   0 0 10,513,074
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 88 1,086 SH   SOLE   0 0 1,086
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 4 41 SH   SOLE   0 0 41
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 358 6,653 SH   SOLE   0 0 6,653
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 194 2,166 SH   SOLE   0 0 2,166
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 260,105 2,919,908 SH   SOLE   0 0 2,919,908
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 9,380 92,060 SH   SOLE   0 0 92,060
VANGUARD INDEX FDS REIT ETF 922908553 4,590 51,764 SH   SOLE   0 0 51,764
VANGUARD INDEX FDS SML CP GRW ETF 922908595 1,369 11,051 SH   SOLE   0 0 11,051
VANGUARD INDEX FDS SM CP VAL ETF 922908611 37,890 359,795 SH   SOLE   0 0 359,795
VANGUARD INDEX FDS GROWTH ETF 922908736 441,373 4,117,281 SH   SOLE   0 0 4,117,281
VANGUARD INDEX FDS VALUE ETF 922908744 528,959 6,223,781 SH   SOLE   0 0 6,223,781