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
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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
DBX ETF TR XTRAK MSCI EAFE 233051200 79,952 3,065,669 SH   SOLE 0 3,065,669 0
DIREXION SHS ETF TR ZACKS HG INC SHS 25459Y298 202 9,425 SH   SOLE 0 9,425 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 9,851 178,037 SH   SOLE 0 178,037 0
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 113,111 4,594,272 SH   SOLE 0 4,594,101 171
GLOBAL X FDS GLBL X MLP ETF 37950E473 1,464 135,332 SH   SOLE 0 135,332 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 166,471 9,003,325 SH   SOLE 0 9,003,132 193
ISHARES GOLD TRUST ISHARES 464285105 203,058 18,836,571 SH   SOLE 0 18,836,121 450
ISHARES INC CORE MSCI EMKT 46434G103 46,190 1,157,951 SH   SOLE 0 1,157,951 0
ISHARES TR TIPS BD ETF 464287176 4,091 36,957 SH   SOLE 0 36,957 0
ISHARES TR CHINA LG-CAP ETF 464287184 46,559 1,312,617 SH   SOLE 0 1,312,617 0
ISHARES TR IBOXX INV CP ETF 464287242 115,343 993,566 SH   SOLE 0 993,499 67
ISHARES TR RUS 1000 ETF 464287622 350,187 3,271,246 SH   SOLE 0 3,271,246 0
ISHARES TR RUSSELL 2000 ETF 464287655 121,331 1,111,090 SH   SOLE 0 1,111,090 0
ISHARES TR AGENCY BOND ETF 464288166 56,994 499,771 SH   SOLE 0 499,755 16
ISHARES TR EAFE SML CP ETF 464288273 96,471 2,019,491 SH   SOLE 0 2,019,491 0
ISHARES TR CALI AMT-FRE ETF 464288356 1,529 13,024 SH   SOLE 0 13,024 0
ISHARES TR MBS ETF 464288588 267 2,434 SH   SOLE 0 2,434 0
ISHARES TR INTERM CR BD ETF 464288638 25,724 236,866 SH   SOLE 0 236,855 11
ISHARES TR 3-7 YR TR BD ETF 464288661 76,928 617,159 SH   SOLE 0 617,159 0
ISHARES TR U.S. PFD STK ETF 464288687 1,023 26,507 SH   SOLE 0 26,507 0
ISHARES TR MICRO-CAP ETF 464288869 43,792 627,836 SH   SOLE 0 627,836 0
ISHARES TR CMBS ETF 46429B366 25,937 501,002 SH   SOLE 0 500,979 23
ISHARES TR 0-5YR HI YL CP 46434V407 251,912 5,502,654 SH   SOLE 0 5,502,519 135
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 168,656 9,732,021 SH   SOLE 0 9,731,730 291
MARKET VECTORS ETF TR MKTVEC INTMUETF 57060U845 7,227 305,831 SH   SOLE 0 305,831 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 142,394 1,504,901 SH   SOLE 0 1,504,858 43
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 49,090 536,732 SH   SOLE 0 536,732 0
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 44,331 534,693 SH   SOLE 0 534,693 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 16,646 1,157,593 SH   SOLE 0 1,157,593 0
POWERSHARES GLOBAL ETF TRUST EX US SML PORT 73936T771 25,414 1,004,094 SH   SOLE 0 1,004,094 0
POWERSHARES GLOBAL ETF TRUST DEV MKTS EX-US 73936T789 43,214 1,209,110 SH   SOLE 0 1,209,110 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 55,470 2,656,624 SH   SOLE 0 2,656,624 0
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 61,693 5,435,487 SH   SOLE 0 5,435,487 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 30,017 2,361,648 SH   SOLE 0 2,361,648 0
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 236 5,094 SH   SOLE 0 5,094 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 449,929 9,832,377 SH   SOLE 0 9,832,200 177
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 207,405 4,083,584 SH   SOLE 0 4,083,497 87
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 117,806 5,826,186 SH   SOLE 0 5,826,032 154
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 153,029 8,033,029 SH   SOLE 0 8,032,782 247
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 155,953 6,108,621 SH   SOLE 0 6,108,407 214
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 251,910 10,611,211 SH   SOLE 0 10,610,863 348
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 193,438 7,109,089 SH   SOLE 0 7,108,858 231
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 384,351 14,094,266 SH   SOLE 0 14,093,808 458
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 17,115 476,091 SH   SOLE 0 476,091 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 384,650 14,053,688 SH   SOLE 0 14,053,472 216
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 1,048 20,108 SH   SOLE 0 20,108 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 199,244 5,357,457 SH   SOLE 0 5,357,293 164
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 116,849 2,144,013 SH   SOLE 0 2,143,906 107
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 391 7,701 SH   SOLE 0 7,701 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 29,942 557,878 SH   SOLE 0 557,833 45
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 145,097 5,083,988 SH   SOLE 0 5,083,867 121
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 105,371 1,418,944 SH   SOLE 0 1,418,944 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 99,832 4,405,642 SH   SOLE 0 4,405,642 0
SPDR INDEX SHS FDS S&P GLBDIV ETF 78463X459 831 14,158 SH   SOLE 0 14,158 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 9,669 284,708 SH   SOLE 0 284,708 0
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 7,238 165,253 SH   SOLE 0 165,253 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 66,407 1,956,014 SH   SOLE 0 1,956,000 14
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 80,975 2,270,756 SH   SOLE 0 2,270,642 114
SPDR SERIES TRUST NUVN CALI MUNI 78464A441 16,927 704,408 SH   SOLE 0 704,408 0
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 39,347 1,631,960 SH   SOLE 0 1,631,960 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 115,953 1,345,630 SH   SOLE 0 1,345,630 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 222 2,766 SH   SOLE 0 2,766 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 513 6,260 SH   SOLE 0 6,260 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 107,402 2,029,149 SH   SOLE 0 2,029,121 28
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 59,321 337,605 SH   SOLE 0 337,605 0
VANGUARD INDEX FDS REIT ETF 922908553 1,146 15,170 SH   SOLE 0 15,170 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 24,915 230,800 SH   SOLE 0 230,800 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 335 3,391 SH   SOLE 0 3,391 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 78,666 1,543,367 SH   SOLE 0 1,543,329 38
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 5,121 56,459 SH   SOLE 0 56,459 0
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 218 2,492 SH   SOLE 0 2,492 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 545,899 10,230,499 SH   SOLE 0 10,230,276 223
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 215 2,522 SH   SOLE 0 2,522 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 378,035 10,607,036 SH   SOLE 0 10,607,036 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 1,033 16,482 SH   SOLE 0 16,482 0
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 41,715 562,276 SH   SOLE 0 562,276 0