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
POWERSHARES QQQ TR ETF 46090E103 8,739 45,898 SH   SOLE   0 0 45,898
TECHNOLOGY SELECT SECTOR SPDR ETF 81369Y803 228 2,839 SH   SOLE   0 0 2,839
VANGUARD TOTAL STK MKT ETF 922908769 1,035 8,028 SH   SOLE   0 0 8,028
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 4,303 126,081 SH   SOLE   0 0 126,081
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 23,523 336,760 SH   SOLE   0 0 336,760
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 564 2,573 SH   SOLE   0 0 2,573
SPDR S&P 500 ETF ETF 78462F103 113,911 441,944 SH   SOLE   0 0 441,944
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 521 8,614 SH   SOLE   0 0 8,614
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 9,677 187,836 SH   SOLE   0 0 187,836
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 28,636 1,108,202 SH   SOLE   0 0 1,108,202
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 399 6,508 SH   SOLE   0 0 6,508
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 25,481 1,231,547 SH   SOLE   0 0 1,231,547
VANGUARD SMALL CAP ETF ETF 922908751 1,668 14,450 SH   SOLE   0 0 14,450
VANGUARD MID CAP ETF 922908629 27,453 208,527 SH   SOLE   0 0 208,527
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 11,911 277,571 SH   SOLE   0 0 277,571
SCH US REIT ETF ETF 808524847 880 26,888 SH   SOLE   0 0 26,888
SCHWAB US MID-CAP ETF ETF 808524508 12,777 303,060 SH   SOLE   0 0 303,060
ISHARES RUSSELL 2000 ETF ETF 464287655 13,213 115,442 SH   SOLE   0 0 115,442
POWERSHARES SP500 LOW VOLATILITY ETF ETF 46138E354 478 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 304 4,133 SH   SOLE   0 0 4,133
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 587 5,532 SH   SOLE   0 0 5,532
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 600 22,404 SH   SOLE   0 0 22,404
ISHARES S&P 500 INDEX ETF 464287200 32,848 127,120 SH   SOLE   0 0 127,120
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 53,273 1,597,883 SH   SOLE   0 0 1,597,883
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 12,218 364,164 SH   SOLE   0 0 364,164
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 310 4,382 SH   SOLE   0 0 4,382
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,277 22,025 SH   SOLE   0 0 22,025
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 6,889 318,660 SH   SOLE   0 0 318,660
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 434 6,005 SH   SOLE   0 0 6,005
ISHARES MSCI EAFE ETF ETF 464287465 5,229 97,816 SH   SOLE   0 0 97,816
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 8,897 62,860 SH   SOLE   0 0 62,860