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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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
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 214,758 8,212,552 SH   SOLE   8,212,552 0 0
CLAYMORE EXCHANGE TRADED FD GUGGENHEIM ENHANCED SHORT DURATION 18383M654 143,733 2,865,499 SH   SOLE   2,865,499 0 0
ISHARES TR AAA A RATED CP 46429B291 382,208 7,451,908 SH   SOLE   7,451,908 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 85,644 1,013,184 SH   SOLE   1,013,184 0 0
ISHARES TR Barclys 7-10yr 464287440 543,954 5,244,953 SH   SOLE   5,244,953 0 0
ISHARES TR FLTG RATE NT 46429B655 114,381 2,249,832 SH   SOLE   2,249,832 0 0
ISHARES GOLD TRUST ISHARES 464285105 646,750 54,902,408 SH   SOLE   54,902,408 0 0
ISHARES INTL DEV RE ETF 464288489 1,520 50,653 SH   SOLE   50,653 0 0
ISHARES TR JPMORGAN USD 464288281 431 3,819 SH   SOLE   3,819 0 0
ISHARES TR EAFE MIN VOL 46429B689 58,334 931,253 SH   SOLE   931,253 0 0
ISHARES CORE TOTUSBD ETF 464287226 469 4,298 SH   SOLE   4,298 0 0
ISHARES INC MSCI GERMAN 464286806 557,987 20,100,393 SH   SOLE   20,100,393 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 2,815 63,038 SH   SOLE   63,038 0 0
ISHARES INC MSCI UTD KINGD 46434V548 541,242 27,685,012 SH   SOLE   27,685,012 0 0
ISHARES RUSSELL 2000 464287655 548,478 4,939,909 SH   SOLE   4,939,909 0 0
VANGUARD WHITEHALL FDS EMERG MKT BD ETF 921946885 2,329 29,473 SH   SOLE   29,473 0 0
ISHARES TR BARCLYS TIPS BD 464287176 364,603 3,249,874 SH   SOLE   3,249,874 0 0
WISDOMTREE TR EMERG CUR STR FD 97717W133 589 29,917 SH   SOLE   29,917 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 377,065 3,632,608 SH   SOLE   3,632,608 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 143,970 1,418,707 SH   SOLE   1,418,707 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 633,910 26,826,508 SH   SOLE   26,826,508 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 709 38,158 SH   SOLE   38,158 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,797,874 18,224,774 SH   SOLE   18,224,774 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 530,555 15,163,056 SH   SOLE   15,163,056 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 3,701 64,316 SH   SOLE   64,316 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 965,832 31,491,090 SH   SOLE   31,491,090 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 769 13,051 SH   SOLE   13,051 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 21,280 181,836 SH   SOLE   181,836 0 0
SPDR S&P 500 ETF TRUST TR Unit 78462F103 1,171,059 5,928,212 SH   SOLE   5,928,212 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,289,122 16,683,350 SH   SOLE   16,683,350 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 628,025 15,767,649 SH   SOLE   15,767,649 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 273,063 6,560,852 SH   SOLE   6,560,852 0 0
VANGUARD INTL EQUITY INDEX FUND GLB EX US ETF 922042676 828,301 15,189,826 SH   SOLE   15,189,826 0 0
VANGUARD INDEX FDS REIT ETF 922908553 891,573 12,346,947 SH   SOLE   12,346,947 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,323,856 16,154,436 SH   SOLE   16,154,436 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 792,441 7,790,411 SH   SOLE   7,790,411 0 0
WISDOMTREE TR ASIA LC DBT FD 97717X842 248,705 5,163,209 SH   SOLE   5,163,209 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 226,226 10,325,239 SH   SOLE   10,325,239 0 0
GLOBAL X FDS GLB E NXT EMRG 37950E218 137,175 5,353,177 SH   SOLE   5,353,177 0 0
EGA EMERGING GLOBAL SHS TR EGSHR BYND BRC 268461639 113,524 5,129,875 SH   SOLE   5,129,875 0 0
ISHARES MSCI HONG KG ETF 464286871 524,951 25,872,388 SH   SOLE   25,872,388 0 0