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
EGS EMKTCONS ETF EGA EMERGING GLOBAL SHS TR 268461779 249,832 9,294,331 SH   SOLE   9,294,331 0 0
CLAYMORE EXCHANGE TRADED FD GUGGENHEIM ENHANCED SHORT DURATION 18383M654 139,521 2,780,964 SH   SOLE   2,780,964 0 0
ISHARES TR AAA A RATED CP 46429B291 360,865 7,247,747 SH   SOLE   7,247,747 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 84,503 1,001,455 SH   SOLE   1,001,455 0 0
ISHARES 20+ YR TR BD ETF 464287432 131 1,285 SH   SOLE   1,285 0 0
ISHARES TR Barclys 7-10yr 464287440 491,259 4,950,212 SH   SOLE   4,950,212 0 0
ISHARES CORE TOTUSBD ETF 464287226 671 6,310 SH   SOLE   6,310 0 0
ISHARES TR FLTG RATE NT 46429B655 112,851 2,224,980 SH   SOLE   2,224,980 0 0
ISHARES GOLD TRUST ISHARES 464285105 605,786 51,865,252 SH   SOLE   51,865,252 0 0
ISHARES S&P GSCI COMMODITY UNIT BEN INT 46428R107 355 11,036 SH   SOLE   11,036 0 0
ISHARES TR JPMORGAN USD 464288281 815 7,531 SH   SOLE   7,531 0 0
ISHARES TR EAFE MIN VOL 46429B689 58,790 954,385 SH   SOLE   954,385 0 0
ISHARES MSCI EMG MKT ETF 464287234 521 12,469 SH   SOLE   12,469 0 0
ISHARES INC MSCI GERMAN 464286806 1,307,282 41,161,285 SH   SOLE   41,161,285 0 0
ISHARES INC MSCI UTD KINGD 464286699 615,735 29,489,237 SH   SOLE   29,489,237 0 0
ISHARES RUSELL 2000 464287655 1,260,428 10,926,041 SH   SOLE   10,926,041 0 0
ISHARES TR BARCLYS TIPS BD 464287176 342,783 3,119,048 SH   SOLE   3,119,048 0 0
ISHARES U.S. REAL ES ETF 464287739 162 2,570 SH   SOLE   2,570 0 0
ISHARES IBOXX INV GRA 464287242 389 3,409 SH   SOLE   3,409 0 0
ISHARES INTL DEV RE ETF 464288489 1,067 34,566 SH   SOLE   34,566 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 382,850 3,599,563 SH   SOLE   3,599,563 0 0
PIMCO ETF TR BROAD US TIPS 72201R403 514 9,327 SH   SOLE   9,327 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 139,323 1,375,083 SH   SOLE   1,375,083 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 645,635 25,161,143 SH   SOLE   25,161,143 0 0
POWERSHARES DB MULTI SECT COMM DB GOLD FUND 73936B606 3,676 91,079 SH   SOLE   91,079 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 1,687 91,607 SH   SOLE   91,607 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,265,496 14,387,174 SH   SOLE   14,387,174 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 534,002 16,103,809 SH   SOLE   16,103,809 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 5,454 94,460 SH   SOLE   94,460 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 444,999 32,655,296 SH   SOLE   32,655,296 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 26,877 231,463 SH   SOLE   231,463 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 1,662 28,430 SH   SOLE   28,430 0 0
SPDR S&P 500 ETF TRUST TR Unit 78462F103 1,223,626 6,625,299 SH   SOLE   6,625,299 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,371,979 18,234,708 SH   SOLE   18,234,708 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 683,007 16,386,922 SH   SOLE   16,386,922 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 287,380 6,985,415 SH   SOLE   6,985,415 0 0
VANGUARD INTL EQUITY INDEX FUND GLB EX US ETF 922042676 288,957 5,303,907 SH   SOLE   5,303,907 0 0
VANGUARD INDEX FDS REIT ETF 922908553 343,564 5,321,618 SH   SOLE   5,321,618 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,305,399 16,307,293 SH   SOLE   16,307,293 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 823,140 8,581,527 SH   SOLE   8,581,527 0 0
WISDOMTREE TR ASIA LC DBT FD 97717X842 407,703 8,527,557 SH   SOLE   8,527,557 0 0
WISDOMTREE TR BRAZILIAN REAL FD 97717W240 475,398 27,479,650 SH   SOLE   27,479,650 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 5,324 115,697 SH   SOLE   115,697 0 0
WISDOMTREE TR JAPAN HEDGED EQ 97717W851 122,968 24,055,233 SH   SOLE   24,055,233 0 0