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 251,765 9,507,735 SH   SOLE   9,507,735 0 0
CLAYMORE EXCHANGE TRADED FD GUGGENHEIM ENHANCED SHORT DURATION 18383M654 137,705 2,739,299 SH   SOLE   2,739,299 0 0
ISHARES TR AAA A RATED CP 46429B291 371,259 7,305,370 SH   SOLE   7,305,370 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 83,207 985,868 SH   SOLE   985,868 0 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,019,435 9,675,733 SH   SOLE   9,675,733 0 0
ISHARES TR Barclys 7-10yr 464287440 514,982 5,062,741 SH   SOLE   5,062,741 0 0
ISHARES TR FLTG RATE NT 46429B655 111,120 2,191,286 SH   SOLE   2,191,286 0 0
ISHARES GOLD TRUST ISHARES 464285105 659,813 52,658,656 SH   SOLE   52,658,656 0 0
ISHARES INTL DEV RE ETF 464288489 828 27,769 SH   SOLE   27,769 0 0
ISHARES TR JPMORGAN USD 464288281 832 7,498 SH   SOLE   7,498 0 0
ISHARES TR EAFE MIN VOL 46429B689 58,759 938,495 SH   SOLE   938,495 0 0
ISHARES MSCI EMG MKT ETF 464287234 293 7,184 SH   SOLE   7,184 0 0
ISHARES INC MSCI GERMAN 464286806 1,191,042 38,052,471 SH   SOLE   38,052,471 0 0
ISHARES MSCI JAPAN ETF 464286848 114 10,065 SH   SOLE   10,065 0 0
ISHARES INC MSCI UTD KINGD 464286699 603,865 29,428,138 SH   SOLE   29,428,138 0 0
ISHARES RUSELL 2000 464287655 593,972 5,197,063 SH   SOLE   5,197,063 0 0
ISHARES SHRT TRS BD ETF 464288679 14,441 130,958 SH   SOLE   130,958 0 0
ISHARES TR BARCLYS TIPS BD 464287176 350,015 3,122,907 SH   SOLE   3,122,907 0 0
ISHARES U.S. TECH ETF 464287721 205 2,278 SH   SOLE   2,278 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 962,337 9,003,904 SH   SOLE   9,003,904 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 137,405 1,354,810 SH   SOLE   1,354,810 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 689,191 26,365,360 SH   SOLE   26,365,360 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 1,641 90,843 SH   SOLE   90,843 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,173,015 13,475,181 SH   SOLE   13,475,181 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 543,872 16,157,815 SH   SOLE   16,157,815 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 5,625 94,805 SH   SOLE   94,805 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 1,060,817 34,498,112 SH   SOLE   34,498,112 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 1,693 28,306 SH   SOLE   28,306 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 27,207 218,426 SH   SOLE   218,426 0 0
SPDR S&P 500 ETF TRUST TR Unit 78462F103 1,223,283 6,594,875 SH   SOLE   6,594,875 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 760,903 10,192,940 SH   SOLE   10,192,940 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 677,494 16,508,131 SH   SOLE   16,508,131 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 291,067 7,226,085 SH   SOLE   7,226,085 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 355 6,050 SH   SOLE   6,050 0 0
VANGUARD INTL EQUITY INDEX FUND GLB EX US ETF 922042676 289,832 5,385,209 SH   SOLE   5,385,209 0 0
VANGUARD INDEX FDS REIT ETF 922908553 372,286 5,316,091 SH   SOLE   5,316,091 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,312,341 16,163,829 SH   SOLE   16,163,829 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 818,663 8,481,801 SH   SOLE   8,481,801 0 0
WISDOMTREE TR ASIA LC DBT FD 97717X842 422,698 8,724,773 SH   SOLE   8,724,773 0 0
WISDOMTREE TR JAPAN HEDGED EQ 97717W851 1,131,633 24,056,815 SH   SOLE   24,056,815 0 0