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
ISHARES TR CHINA LG-CAP ETF 464287184 142,656 4,021,887 SH   SOLE   4,021,887 0 0
WISDOMTREE TR JAPAN HEDGE EQT 97717W851 329,830 6,778,268 SH   SOLE   6,778,268 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 327,831 9,116,541 SH   SOLE   9,116,541 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 633,919 20,770,620 SH   SOLE   20,770,620 0 0
ISHARES US ETF TR COMMOD SEL STG 46431W853 195,074 6,058,207 SH   SOLE   6,058,207 0 0
ISHARES TR AAA A RATED CP 46429B291 252,155 4,939,376 SH   SOLE   4,939,376 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 56,477 664,512 SH   SOLE   664,512 0 0
ISHARES MSCI SINGAP ETF 464286673 588 57,833 SH   SOLE   57,833 0 0
ISHARES TR Barclys 7-10yr 464287440 807,300 7,484,004 SH   SOLE   7,484,004 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 423 8,128 SH   SOLE   8,128 0 0
ISHARES GOLD TRUST ISHARES 464285105 430,073 39,895,454 SH   SOLE   39,895,454 0 0
ISHARES INTL DEV RE ETF 464288489 499 16,035 SH   SOLE   16,035 0 0
ISHARES TR JPMORGAN USD 464288281 91,532 860,267 SH   SOLE   860,267 0 0
ISHARES TR EAFE MIN VOL 46429B689 37,436 600,031 SH   SOLE   600,031 0 0
ISHARES TR IBOXX INV CP ETF 464287242 392,154 3,378,015 SH   SOLE   3,378,015 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 231 4,430 SH   SOLE   4,430 0 0
ISHARES INC MSCI GERMAN 464286806 157,870 6,381,163 SH   SOLE   6,381,163 0 0
SPDR S&P 500 ETF TRUST TR Unit 78462F103 350,318 1,828,098 SH   SOLE   1,828,098 0 0
ISHARES RUSSELL 2000 464287655 183,805 1,683,196 SH   SOLE   1,683,196 0 0
VANGUARD WHITEHALL FDS EMERG MKT BD ETF 921946885 545 7,344 SH   SOLE   7,344 0 0
ISHARES TR BARCLYS TIPS BD 464287176 239,638 2,164,948 SH   SOLE   2,164,948 0 0
ISHARES TR HDG MSCI GERMN 46434V704 214,223 9,441,293 SH   SOLE   9,441,293 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 118,370 1,251,006 SH   SOLE   1,251,006 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 94,415 937,119 SH   SOLE   937,119 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 185 12,818 SH   SOLE   12,818 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,060,784 10,424,368 SH   SOLE   10,424,368 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 435,911 5,911,463 SH   SOLE   5,911,463 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 489,228 13,726,941 SH   SOLE   13,726,941 0 0
ISHARES EM MKTS CURR ETF 464286517 66,974 1,687,437 SH   SOLE   1,687,437 0 0
ISHARES MSCI JAPAN ETF 464286848 342,060 29,926,508 SH   SOLE   29,926,508 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 230,124 1,862,750 SH   SOLE   1,862,750 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 272,920 8,247,804 SH   SOLE   8,247,804 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 73,987 1,397,831 SH   SOLE   1,397,831 0 0
VANGUARD INTL EQUITY INDEX FUND GLB EX US ETF 922042676 518,156 10,165,894 SH   SOLE   10,165,894 0 0
VANGUARD INDEX FDS REIT ETF 922908553 236,137 3,125,982 SH   SOLE   3,125,982 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 927,514 11,320,808 SH   SOLE   11,320,808 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 475,945 4,821,164 SH   SOLE   4,821,164 0 0
GLOBAL X FDS GLB E NXT EMRG 37950E218 74,371 4,140,944 SH   SOLE   4,140,944 0 0
EGA EMERGING GLOBAL SHS TR EGSHR BYND BRC 268461639 61,549 3,866,149 SH   SOLE   3,866,149 0 0
ISHARES MSCI HONG KG ETF 464286871 324,520 16,972,797 SH   SOLE   16,972,797 0 0