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 46,803 1,858,734 SH   SOLE   0 0 1,858,734
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 172,461 9,377,953 SH   SOLE   0 0 9,377,953
ISHARES EM MKTS CURR ETF 464286517 4 80 SH   SOLE   0 0 80
ISHARES TR MRNGSTR LG-CP GR 464287119 2 16 SH   SOLE   0 0 16
ISHARES TR CORE S&P TTL STK 464287150 960,796 17,336,632 SH   SOLE   0 0 17,336,632
ISHARES TR TIPS BD ETF 464287176 110,115 970,776 SH   SOLE   0 0 970,776
ISHARES TR CORE US AGGBD ET 464287226 1,420,922 12,975,271 SH   SOLE   0 0 12,975,271
ISHARES TR S&P 500 GRWT ETF 464287309 2,798 20,443 SH   SOLE   0 0 20,443
ISHARES TR S&P 500 VAL ETF 464287408 4,096 39,025 SH   SOLE   0 0 39,025
ISHARES TR 7-10 Y TR BD ETF 464287440 4,110 38,551 SH   SOLE   0 0 38,551
ISHARES TR 1-3 YR TR BD ETF 464287457 129,177 1,528,905 SH   SOLE   0 0 1,528,905
ISHARES TR MSCI EAFE ETF 464287465 134,509 2,063,023 SH   SOLE   0 0 2,063,023
ISHARES TR RUS MDCP VAL ETF 464287473 1,528 18,171 SH   SOLE   0 0 18,171
ISHARES TR RUS MD CP GR ETF 464287481 1,253 11,590 SH   SOLE   0 0 11,590
ISHARES TR RUS 1000 VAL ETF 464287598 9,811 84,266 SH   SOLE   0 0 84,266
ISHARES TR RUS 1000 GRW ETF 464287614 689 5,786 SH   SOLE   0 0 5,786
ISHARES TR RUS 2000 VAL ETF 464287630 83,452 702,044 SH   SOLE   0 0 702,044
ISHARES TR RUS 2000 GRW ETF 464287648 55,674 329,881 SH   SOLE   0 0 329,881
ISHARES TR S&P MC 400VL ETF 464287705 201 1,353 SH   SOLE   0 0 1,353
ISHARES TR SP SMCP600VL ETF 464287879 1,008 7,206 SH   SOLE   0 0 7,206
ISHARES TR SP SMCP600GR ETF 464287887 1,536 9,849 SH   SOLE   0 0 9,849
ISHARES EAFE SML CP ETF 464288273 34,515 596,729 SH   SOLE   0 0 596,729
ISHARES JP MOR EM MK ETF 464288281 248,080 2,169,292 SH   SOLE   0 0 2,169,292
ISHARES GLB INFRASTR ETF 464288372 4 84 SH   SOLE   0 0 84
ISHARES TR MRGSTR MD CP VAL 464288406 1 5 SH   SOLE   0 0 5
ISHARES INTL DEVPPTY ETF 464288422 10,199 275,497 SH   SOLE   0 0 275,497
ISHARES IBOXX HI YD ETF 464288513 2,542 28,760 SH   SOLE   0 0 28,760
ISHARES MBS ETF 464288588 51,745 484,687 SH   SOLE   0 0 484,687
ISHARES INTRM GOV/CR ETF 464288612 106,943 966,240 SH   SOLE   0 0 966,240
ISHARES 1-3 YR CR BD ETF 464288646 28 263 SH   SOLE   0 0 263
ISHARES 10-20 YR TRS ETF 464288653 1,583 11,603 SH   SOLE   0 0 11,603
ISHARES 3-7 YR TR BD ETF 464288661 205 1,659 SH   SOLE   0 0 1,659
ISHARES SHRT TRS BD ETF 464288679 2,091 18,957 SH   SOLE   0 0 18,957
ISHARES MRNING SM CP ETF 464288703 4 26 SH   SOLE   0 0 26
ISHARES MICRO-CAP ETF 464288869 5,197 58,443 SH   SOLE   0 0 58,443
ISHARES TR CORE MSCITOTAL 46432F834 24 422 SH   SOLE   0 0 422
ISHARES INC CORE MSCI EMKT 46434G103 155 3,096 SH   SOLE   0 0 3,096
PIMCO ETF TR 1-3YR USTREIDX 72201R106 3 62 SH   SOLE   0 0 62
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 1 50 SH   SOLE   0 0 50
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 10,384 832,715 SH   SOLE   0 0 832,715
POWERSHARES ETF TRUST DYNM LRG CP GR 73935X609 18 513 SH   SOLE   0 0 513
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 107 2,962 SH   SOLE   0 0 2,962
POWERSHARES ETF TRUST FND PUR SMVAL PT 73935X864 1,518 52,023 SH   SOLE   0 0 52,023
POWERSHARES GLOBAL ETF TRUST FDM HG YLD RAFI 73936T557 12 617 SH   SOLE   0 0 617
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 268 9,160 SH   SOLE   0 0 9,160
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 79 1,333 SH   SOLE   0 0 1,333
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 45 478 SH   SOLE   0 0 478
SPDR SERIES TRUST S&P 600 SMCP GRW 78464A201 6 26 SH   SOLE   0 0 26
SPDR SERIES TRUST S&P 600 SMCP VAL 78464A300 13 113 SH   SOLE   0 0 113
SPDR SERIES TRUST BLOMBRG BRC INTR 78464A375 187,016 5,434,937 SH   SOLE   0 0 5,434,937
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 185,089 4,975,510 SH   SOLE   0 0 4,975,510
SPDR SERIES TRUST S&P 500 VALUE 78464A508 16 142 SH   SOLE   0 0 142
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 34 1,223 SH   SOLE   0 0 1,223
SPDR SERIES TRUST BARCLYS TIPS ETF 78464A656 4 68 SH   SOLE   0 0 68
SPDR SERIES TRUST BRCLYS INTER ETF 78464A672 2,819 46,945 SH   SOLE   0 0 46,945
SPDR SERIES TRUST S&P 400 MDCP VAL 78464A839 59 617 SH   SOLE   0 0 617
SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 21 336 SH   SOLE   0 0 336
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 14 285 SH   SOLE   0 0 285
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 30 565 SH   SOLE   0 0 565
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 92,699 1,169,848 SH   SOLE   0 0 1,169,848
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 16,995 309,336 SH   SOLE   0 0 309,336
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 5,124 57,164 SH   SOLE   0 0 57,164
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 29,697 457,434 SH   SOLE   0 0 457,434
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 77,887 3,157,155 SH   SOLE   0 0 3,157,155
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 29,348 430,896 SH   SOLE   0 0 430,896
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 125,998 2,302,601 SH   SOLE   0 0 2,302,601
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 4 86 SH   SOLE   0 0 86
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 85,830 4,543,681 SH   SOLE   0 0 4,543,681
VANGUARD WORLD FD MEGA GRWTH IND 921910816 3,722 37,199 SH   SOLE   0 0 37,199
VANGUARD WORLD FD MEGA CAP VAL ETF 921910840 6 81 SH   SOLE   0 0 81
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 80,628 865,660 SH   SOLE   0 0 865,660
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 1,612 19,071 SH   SOLE   0 0 19,071
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 31,304 392,037 SH   SOLE   0 0 392,037
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 136,159 1,663,923 SH   SOLE   0 0 1,663,923
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 833,842 20,180,105 SH   SOLE   0 0 20,180,105
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 201 2,570 SH   SOLE   0 0 2,570
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 27,927 567,271 SH   SOLE   0 0 567,271
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 17,286 317,989 SH   SOLE   0 0 317,989
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 77,193 713,958 SH   SOLE   0 0 713,958
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 598,335 14,654,294 SH   SOLE   0 0 14,654,294
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 114,013 1,424,449 SH   SOLE   0 0 1,424,449
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 1 6 SH   SOLE   0 0 6
VANGUARD SCOTTSDALE FDS INT-TERM GOV 92206C706 192 2,975 SH   SOLE   0 0 2,975
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 134 2,553 SH   SOLE   0 0 2,553
VANGUARD SCOTTSDALE FDS LONG-TERM GOV 92206C847 0 6 SH   SOLE   0 0 6
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 136 1,555 SH   SOLE   0 0 1,555
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 185,154 1,799,883 SH   SOLE   0 0 1,799,883
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 34,157 290,255 SH   SOLE   0 0 290,255
VANGUARD INDEX FDS REIT ETF 922908553 5,046 60,624 SH   SOLE   0 0 60,624
VANGUARD INDEX FDS SML CP GRW ETF 922908595 6,789 46,587 SH   SOLE   0 0 46,587
VANGUARD INDEX FDS SM CP VAL ETF 922908611 12,797 104,120 SH   SOLE   0 0 104,120
VANGUARD INDEX FDS MID CAP ETF 922908629 261,557 1,835,233 SH   SOLE   0 0 1,835,233
VANGUARD INDEX FDS GROWTH ETF 922908736 257,523 2,027,099 SH   SOLE   0 0 2,027,099
VANGUARD INDEX FDS VALUE ETF 922908744 332,645 3,444,953 SH   SOLE   0 0 3,444,953
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,121 9,009 SH   SOLE   0 0 9,009