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
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,002,295 23,089,033 SH   SOLE   23,089,033 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 934,589 21,450,284 SH   SOLE   21,450,284 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 635,749 4,908,499 SH   SOLE   4,908,499 0 0
ISHARES TR JP MOR EM MK ETF 464288281 573,269 4,924,145 SH   SOLE   4,924,145 0 0
ISHARES TR TIPS BD ETF 464287176 546,566 4,812,166 SH   SOLE   4,812,166 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 495,014 5,624,521 SH   SOLE   5,624,521 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 486,317 3,343,533 SH   SOLE   3,343,533 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 340,599 4,155,673 SH   SOLE   4,155,673 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 293,411 2,882,232 SH   SOLE   2,882,232 0 0
ISHARES TR IBOXX INV CP ETF 464287242 292,526 2,412,986 SH   SOLE   2,412,986 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 263,462 1,048,690 SH   SOLE   1,048,690 0 0
ISHARES GOLD TRUST ISHARES 464285105 249,004 20,227,799 SH   SOLE   20,227,799 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 229,774 3,939,211 SH   SOLE   3,939,211 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 226,625 4,949,231 SH   SOLE   4,949,231 0 0
ISHARES TR HDG MSCI GERMN 46434V704 204,911 7,192,381 SH   SOLE   7,192,381 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 182,155 1,921,674 SH   SOLE   1,921,674 0 0
ISHARES TR IBOXX HI YD ETF 464288513 158,248 1,782,872 SH   SOLE   1,782,872 0 0
ISHARES TR MIN VOL EAFE ETF 46429B689 156,613 2,203,958 SH   SOLE   2,203,958 0 0
ISHARES TR 20 YR TR BD ETF 464287432 145,192 1,163,768 SH   SOLE   1,163,768 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 110,856 748,119 SH   SOLE   748,119 0 0
ISHARES U S ETF TR COMMOD SEL STG 46431W853 103,989 2,984,764 SH   SOLE   2,984,764 0 0
POWERSHARES ETF TR II VAR RATE PFD POR 73937B597 101,458 3,894,757 SH   SOLE   3,894,757 0 0
ISHARES TR BARCLAYS 7 10YR 464287440 72,045 676,349 SH   SOLE   676,349 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 40,130 1,551,835 SH   SOLE   1,551,835 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 28,774 283,376 SH   SOLE   283,376 0 0