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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
SPDR SERIES TRUST BARC SHT TR CP 78464A474 928,319 30,307,514 SH   SOLE   30,307,514 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 898,007 10,844,839 SH   SOLE   10,844,839 0 0
ISHARES TR 7-10YR TR BD ETF 464287440 876,290 7,941,723 SH   SOLE   7,941,723 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 758,765 9,338,643 SH   SOLE   9,338,643 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 719,387 6,587,790 SH   SOLE   6,587,790 0 0
ISHARES TR TIPS BD ETF 464287176 559,631 4,881,634 SH   SOLE   4,881,634 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 494,678 9,244,589 SH   SOLE   9,244,589 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 487,764 14,105,371 SH   SOLE   14,105,371 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 485,320 4,630,034 SH   SOLE   4,630,034 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 474,785 13,232,583 SH   SOLE   13,232,583 0 0
ISHARES TR IBOXX INV CP ETF 464287242 472,429 3,976,007 SH   SOLE   3,976,007 0 0
ISHARES GOLD TRUST ISHARES 464285105 451,281 37,986,600 SH   SOLE   37,986,600 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 356,779 1,735,980 SH   SOLE   1,735,980 0 0
ISHARES MSCI JAPAN ETF 464286848 326,694 28,632,218 SH   SOLE   28,632,218 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 323,057 8,010,338 SH   SOLE   8,010,338 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 306,222 3,522,628 SH   SOLE   3,522,628 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 291,020 2,310,598 SH   SOLE   2,310,598 0 0
WISDOMTREE TR JAPAN HEDGE EQT 97717W851 287,066 6,567,503 SH   SOLE   6,567,503 0 0
VANGUARD INDEX FDS REIT ETF 922908553 249,086 2,972,384 SH   SOLE   2,972,384 0 0
ISHARES TR 20 YR TR BD ETF 464287432 232,257 1,778,247 SH   SOLE   1,778,247 0 0
ISHARES US ETF TR COMMOD SEL STG 46431W853 224,379 7,777,444 SH   SOLE   7,777,444 0 0
ISHARES RUSSELL 2000 ETF 464287655 175,449 1,585,906 SH   SOLE   1,585,906 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 109,780 1,180,939 SH   SOLE   1,180,939 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 103,059 1,022,614 SH   SOLE   1,022,614 0 0
ISHARES TR JP MOR EM MK ETF 464288281 88,999 806,513 SH   SOLE   806,513 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 70,391 1,290,624 SH   SOLE   1,290,624 0 0
ISHARES EM MKTS CURR ETF 464286517 68,873 1,585,102 SH   SOLE   1,585,102 0 0
ISHARES TR EAFE MIN VOL ETF 46429B689 43,310 651,859 SH   SOLE   651,859 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 323 5,793 SH   SOLE   5,793 0 0
ISHARES INTL DEV RE ETF 464288489 231 7,920 SH   SOLE   7,920 0 0