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
Estimated average burden
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
ISHARES TR INTL DEV RE ETF 464288489 209 6,943 SH   SOLE   6,943 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 363 2,887 SH   SOLE   2,887 0 0
ISHARES EM MKTS CURR ETF 464286517 61,147 1,332,471 SH   SOLE   1,332,471 0 0
ISHARES TR IBOXX INV CP ETF 464287242 77,971 632,984 SH   SOLE   632,984 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 95,733 944,019 SH   SOLE   944,019 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 104,454 1,049,787 SH   SOLE   1,049,787 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 171,182 1,378,166 SH   SOLE   1,378,166 0 0
ISHARES TR MIN VOL EAFE ETF 46429B689 201,263 2,975,496 SH   SOLE   2,975,496 0 0
ISHARES TR 20 YR TR BD ETF 464287432 212,475 1,545,161 SH   SOLE   1,545,161 0 0
ISHARES U S ETF TR COMMOD SEL STG 46431W853 221,339 6,783,284 SH   SOLE   6,783,284 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 280,814 3,134,779 SH   SOLE   3,134,779 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 285,401 6,878,784 SH   SOLE   6,878,784 0 0
ISHARES TR IBOXX HI YD ETF 464288513 288,660 3,308,049 SH   SOLE   3,308,049 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 325,702 1,505,790 SH   SOLE   1,505,790 0 0
ISHARES MSCI HONG KG ETF 464286871 330,581 15,019,562 SH   SOLE   15,019,562 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 330,977 2,787,875 SH   SOLE   2,787,875 0 0
ISHARES TR 7-10YR TR BD ETF 464287440 375,058 3,352,322 SH   SOLE   3,352,322 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 432,134 11,551,306 SH   SOLE   11,551,306 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 449,269 4,035,470 SH   SOLE   4,035,470 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 453,911 12,062,482 SH   SOLE   12,062,482 0 0
VANGUARD INDEX FDS REIT ETF 922908553 478,139 5,512,320 SH   SOLE   5,512,320 0 0
ISHARES TR TIPS BD ETF 464287176 506,400 4,347,158 SH   SOLE   4,347,158 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 544,656 6,473,207 SH   SOLE   6,473,207 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 547,452 17,791,744 SH   SOLE   17,791,744 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 633,631 11,280,586 SH   SOLE   11,280,586 0 0
ISHARES TR JP MOR EM MK ETF 464288281 752,475 6,419,889 SH   SOLE   6,419,889 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 870,138 10,367,423 SH   SOLE   10,367,423 0 0
ISHARES GOLD TRUST ISHARES 464285105 1,000,741 78,860,582 SH   SOLE   78,860,582 0 0