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 FLTG RATE NT 46429B655 108,490 2,146,626 SH   SOLE   2,146,626 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 81,590 966,129 SH   SOLE   966,129 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 136,701 1,352,670 SH   SOLE   1,352,670 0 0
ISHARES TR EAFE MIN VOL 46429B689 54,768 887,650 SH   SOLE   887,650 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 885,166 28,950,646 SH   SOLE   28,950,646 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,262,453 15,326,615 SH   SOLE   15,326,615 0 0
ISHARES TR AAA A RATED CP 46429B291 346,712 6,695,858 SH   SOLE   6,695,858 0 0
ISHARES TR BARCLYS TIPS BD 464287176 329,615 2,942,727 SH   SOLE   2,942,727 0 0
ISHARES TR Barclys 7-10yr 464287440 738,074 6,963,623 SH   SOLE   6,963,623 0 0
ISHARES GOLD TRUST ISHARES 464285105 561,461 49,078,754 SH   SOLE   49,078,754 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 730,810 6,894,433 SH   SOLE   6,894,433 0 0
ISHARES TR MSCI INDIA ETF 46429B598 308,442 10,298,549 SH   SOLE   10,298,549 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 666,610 36,130,602 SH   SOLE   36,130,602 0 0
VANGUARD INDEX FDS REIT ETF 922908553 882,620 10,896,542 SH   SOLE   10,896,542 0 0
ISHARES MSCI HONG KG ETF 464286871 475,071 23,129,052 SH   SOLE   23,129,052 0 0
ISHARES INC MSCI GERMAN 464286806 493,643 18,009,582 SH   SOLE   18,009,582 0 0
SPDR S&P 500 ETF TRUST TR Unit 78462F103 1,073,643 5,223,522 SH   SOLE   5,223,522 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,200,311 14,789,435 SH   SOLE   14,789,435 0 0
VANGUARD INTL EQUITY INDEX FUND GLB EX US ETF 922042676 727,651 13,595,872 SH   SOLE   13,595,872 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,590,650 15,405,807 SH   SOLE   15,405,807 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 478,066 12,593,946 SH   SOLE   12,593,946 0 0
EGA EMERGING GLOBAL SHS TR EGSHR BYND BRC 268461639 89,387 4,521,350 SH   SOLE   4,521,350 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 99,722 1,877,646 SH   SOLE   1,877,646 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 233,526 5,835,240 SH   SOLE   5,835,240 0 0
WISDOMTREE TR ASIA LC DBT FD 97717X842 214,590 4,573,049 SH   SOLE   4,573,049 0 0
ISHARES RUSSELL 2000 464287655 522,843 4,370,870 SH   SOLE   4,370,870 0 0
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 185,139 7,306,193 SH   SOLE   7,306,193 0 0
GLOBAL X FDS GLB E NXT EMRG 37950E218 111,504 4,775,347 SH   SOLE   4,775,347 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 200,309 9,084,309 SH   SOLE   9,084,309 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 326,205 3,235,195 SH   SOLE   3,235,195 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 567,927 14,992,785 SH   SOLE   14,992,785 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 499 17,277 SH   SOLE   17,277 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 2,380 29,884 SH   SOLE   29,884 0 0
ISHARES MSCI SINGAP ETF 464286673 2,060 157,456 SH   SOLE   157,456 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 17,738 156,170 SH   SOLE   156,170 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 4,376 202,788 SH   SOLE   202,788 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 2,776 70,930 SH   SOLE   70,930 0 0
ISHARES TR JPMORGAN USD 464288281 301 2,745 SH   SOLE   2,745 0 0
ISHARES INC MSCI UTD KINGD 46434V548 2,540 140,899 SH   SOLE   140,899 0 0
ISHARES TR CORE US AGGBD ET 464287226 449 4,077 SH   SOLE   4,077 0 0
ISHARES 1-3 YR CR BD ETF 464288646 784 7,450 SH   SOLE   7,450 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 532 9,350 SH   SOLE   9,350 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 615 11,117 SH   SOLE   11,117 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 501 12,748 SH   SOLE   12,748 0 0
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 2,172 28,447 SH   SOLE   28,447 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 2,431 58,434 SH   SOLE   58,434 0 0
ISHARES INTL DEV RE ETF 464288489 4,322 143,876 SH   SOLE   143,876 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 482 27,524 SH   SOLE   27,524 0 0