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 41,915 1,840,781 SH   SOLE   0 0 1,840,781
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 70,056 3,758,359 SH   SOLE   0 0 3,758,359
ISHARES TR MRNGSTR LG-CP GR 464287119 5 39 SH   SOLE   0 0 39
ISHARES TR TIPS BD ETF 464287176 177,387 1,522,763 SH   SOLE   0 0 1,522,763
ISHARES TR S&P 500 GRWT ETF 464287309 5,133 42,191 SH   SOLE   0 0 42,191
ISHARES TR S&P 500 VAL ETF 464287408 7,413 78,061 SH   SOLE   0 0 78,061
ISHARES TR 7-10 Y TR BD ETF 464287440 27,456 245,408 SH   SOLE   0 0 245,408
ISHARES TR 1-3 YR TR BD ETF 464287457 377,686 4,441,276 SH   SOLE   0 0 4,441,276
ISHARES TR MSCI EAFE ETF 464287465 82,138 1,389,102 SH   SOLE   0 0 1,389,102
ISHARES TR RUS MDCP VAL ETF 464287473 2,920 38,040 SH   SOLE   0 0 38,040
ISHARES TR RUS MD CP GR ETF 464287481 186,073 1,910,985 SH   SOLE   0 0 1,910,985
ISHARES TR RUS 1000 VAL ETF 464287598 17,731 167,880 SH   SOLE   0 0 167,880
ISHARES TR S&P MC 400GR ETF 464287606 83 475 SH   SOLE   0 0 475
ISHARES TR RUS 1000 GRW ETF 464287614 1,683 16,152 SH   SOLE   0 0 16,152
ISHARES TR RUS 2000 VAL ETF 464287630 107,754 1,028,678 SH   SOLE   0 0 1,028,678
ISHARES TR RUS 2000 GRW ETF 464287648 54,832 368,250 SH   SOLE   0 0 368,250
ISHARES TR S&P MC 400VL ETF 464287705 197 1,478 SH   SOLE   0 0 1,478
ISHARES TR SP SMCP600VL ETF 464287879 1,473 11,799 SH   SOLE   0 0 11,799
ISHARES TR SP SMCP600GR ETF 464287887 1,630 11,886 SH   SOLE   0 0 11,886
ISHARES 3YRTB ETF 464288125 4 51 SH   SOLE   0 0 51
ISHARES EAFE SML CP ETF 464288273 31,156 594,466 SH   SOLE   0 0 594,466
ISHARES JP MOR EM MK ETF 464288281 196,893 1,679,834 SH   SOLE   0 0 1,679,834
ISHARES MRGSTR MD CP GRW 464288307 2 13 SH   SOLE   0 0 13
ISHARES GLB INFRASTR ETF 464288372 6 149 SH   SOLE   0 0 149
ISHARES INTL DEVPPTY ETF 464288422 19,996 527,261 SH   SOLE   0 0 527,261
ISHARES IBOXX HI YD ETF 464288513 3,143 36,021 SH   SOLE   0 0 36,021
ISHARES MBS ETF 464288588 348,947 3,169,652 SH   SOLE   0 0 3,169,652
ISHARES INTRM GOV/CR ETF 464288612 646,982 5,733,620 SH   SOLE   0 0 5,733,620
ISHARES 1-3 YR CR BD ETF 464288646 112 1,056 SH   SOLE   0 0 1,056
ISHARES 10-20 YR TRS ETF 464288653 1,237 8,539 SH   SOLE   0 0 8,539
ISHARES 3-7 YR TR BD ETF 464288661 1,689 13,346 SH   SOLE   0 0 13,346
ISHARES SHRT TRS BD ETF 464288679 6,659 60,298 SH   SOLE   0 0 60,298
ISHARES MRNING SM CP ETF 464288703 5 39 SH   SOLE   0 0 39
ISHARES MICRO-CAP ETF 464288869 4,646 59,562 SH   SOLE   0 0 59,562
ISHARES RUS TP200 GR ETF 464289438 40 722 SH   SOLE   0 0 722
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 0 33 SH   SOLE   0 0 33
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 4,589 422,959 SH   SOLE   0 0 422,959
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 196 6,224 SH   SOLE   0 0 6,224
POWERSHARES ETF TRUST FND PR MIDGRT PT 73935X807 129 4,091 SH   SOLE   0 0 4,091
POWERSHARES ETF TRUST FND PUR SMVAL PT 73935X864 2,080 79,134 SH   SOLE   0 0 79,134
POWERSHARES GLOBAL ETF TRUST FDM HG YLD RAFI 73936T557 7 385 SH   SOLE   0 0 385
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 196 6,415 SH   SOLE   0 0 6,415
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 12 61 SH   SOLE   0 0 61
SPDR SERIES TRUST S&P 600 SMCP VAL 78464A300 24 225 SH   SOLE   0 0 225
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 245,134 6,675,771 SH   SOLE   0 0 6,675,771
SPDR SERIES TRUST S&P 500 VALUE 78464A508 45 433 SH   SOLE   0 0 433
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 36 1,234 SH   SOLE   0 0 1,234
SPDR SERIES TRUST BARCLYS TIPS ETF 78464A656 7 123 SH   SOLE   0 0 123
SPDR SERIES TRUST BRCLYS INTER ETF 78464A672 19,008 309,872 SH   SOLE   0 0 309,872
SPDR SERIES TRUST S&P 400 MDCP GRW 78464A821 179 1,401 SH   SOLE   0 0 1,401
SPDR SERIES TRUST S&P 400 MDCP VAL 78464A839 93 1,076 SH   SOLE   0 0 1,076
SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 32 578 SH   SOLE   0 0 578
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 14 298 SH   SOLE   0 0 298
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 42,224 884,268 SH   SOLE   0 0 884,268
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 56,972 790,069 SH   SOLE   0 0 790,069
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 52,865 993,507 SH   SOLE   0 0 993,507
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 31,319 391,289 SH   SOLE   0 0 391,289
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 33,749 477,965 SH   SOLE   0 0 477,965
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 51,988 2,693,686 SH   SOLE   0 0 2,693,686
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 26,748 458,172 SH   SOLE   0 0 458,172
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 77,794 1,628,166 SH   SOLE   0 0 1,628,166
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 9,940 303,325 SH   SOLE   0 0 303,325
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 10,627 216,926 SH   SOLE   0 0 216,926
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 59,551 3,121,126 SH   SOLE   0 0 3,121,126
VANGUARD WORLD FD MEGA GRWTH IND 921910816 7,985 91,278 SH   SOLE   0 0 91,278
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 68,591 695,649 SH   SOLE   0 0 695,649
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 11,627 132,634 SH   SOLE   0 0 132,634
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 46,976 581,168 SH   SOLE   0 0 581,168
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 81,548 969,199 SH   SOLE   0 0 969,199
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 533,305 14,255,672 SH   SOLE   0 0 14,255,672
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 335 4,639 SH   SOLE   0 0 4,639
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 51 908 SH   SOLE   0 0 908
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 65,202 655,120 SH   SOLE   0 0 655,120
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 414,575 11,017,153 SH   SOLE   0 0 11,017,153
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 228 2,834 SH   SOLE   0 0 2,834
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 3 33 SH   SOLE   0 0 33
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 419 7,762 SH   SOLE   0 0 7,762
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 630 7,035 SH   SOLE   0 0 7,035
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 297,257 3,176,842 SH   SOLE   0 0 3,176,842
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 20,989 197,285 SH   SOLE   0 0 197,285
VANGUARD INDEX FDS REIT ETF 922908553 15,710 181,118 SH   SOLE   0 0 181,118
VANGUARD INDEX FDS SML CP GRW ETF 922908595 12,426 94,296 SH   SOLE   0 0 94,296
VANGUARD INDEX FDS SM CP VAL ETF 922908611 29,369 265,402 SH   SOLE   0 0 265,402
VANGUARD INDEX FDS GROWTH ETF 922908736 486,569 4,333,142 SH   SOLE   0 0 4,333,142
VANGUARD INDEX FDS VALUE ETF 922908744 571,780 6,572,186 SH   SOLE   0 0 6,572,186