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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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 FLOATING RATE BOND ETF FLTG RATE NT 46429B655 448 8,837 SH   SOLE   0 0 8,837
VANGUARD INTL EQTY INDEX FTSE ALLWRLD EX US 922042775 498 9,825 SH   SOLE   0 0 9,825
VANGUARD SHORT TERM BOND ETF SHORT TRM BOND 921937827 1,482 18,544 SH   SOLE   0 0 18,544
SPDR BARCLAYS CAPITAL HIGH YIE BRC HGH YLD BD 78464A417 1,178 29,041 SH   SOLE   374 0 28,667
SPDR DB INTL GOVERNMENT INFLAT DB INT GVT ETF 78464A490 2,944 50,371 SH   SOLE   3,140 0 47,231
VANGUARD VALUE ETF VALUE ETF 922908744 4,355 57,006 SH   SOLE   2,834 0 54,172
POWERSHARES SENIOR LOAN PORT E SENIOR LN PORT 73936Q769 1,851 74,410 SH   SOLE   1,002 0 73,408
ISHARES NATIONAL AMT FREE MUNI S&P NTL AMTFREE 464288414 8,279 79,808 SH   SOLE   5,248 0 74,560
VANGUARD GLOBAL EX US REAL EST GLB EX US ETF 922042676 5,580 102,429 SH   SOLE   5,559 0 96,870
VANGUARD SHORT TERM CORP BOND SHRT TRM CORP BD 92206C409 13,144 164,754 SH   SOLE   107,595 0 57,159
BARCLAYS BANK PLC DJ UBS COMMO DJUBS CMDT ETN36 06738c778 8,617 234,467 SH   SOLE   16,958 0 217,509
MARKET VECTORS EMERGING MARKET EM LC CURR DBT 57060U522 5,523 234,536 SH   SOLE   16,085 0 218,451
VANGUARD MID CAP ETF MID CAP ETF 922908629 36,478 331,555 SH   SOLE   280,140 0 51,415
VANGUARD TOTAL BOND MARKET ETF TOTAL BND MRKT 921937835 27,739 346,518 SH   SOLE   267,332 0 79,186
VANGUARD SHORT TERM INFLATION STRM INFPROIDX 922020805 18,626 377,573 SH   SOLE   183,575 0 193,998
SPDR BARCLAYS INTL TREAURY BON BRCLYS INTL ETF 78464A516 24,565 425,445 SH   SOLE   233,356 0 192,089
SPDR BARCLAYS CAP SHORT TERM H SHT TRM HGH YLD 78468R408 19,698 638,513 SH   SOLE   426,155 0 212,358
VANGUARD REIT INDEX ETF REIT ETF 922908553 44,713 692,579 SH   SOLE   533,016 0 159,563
VANGUARD FTSE ALL WORLD EX US FTSE SMCAP ETF 922042718 78,031 758,026 SH   SOLE   633,014 0 125,012
VANGUARD SMALL CAP ETF SMAll CAP ETF 922908751 84,299 766,708 SH   SOLE   674,087 0 92,621
SPDR BARCLAYS CAPITAL SHORT TE NUVN BR SHT MUNI 78464A425 18,767 772,613 SH   SOLE   60,822 0 711,791
SPDR DOW JONES INTL REAL ESTAT DJ INTL RL ETF 78463X863 33,254 807,126 SH   SOLE   716,137 0 90,989
POWERSHARES EMERGING MARKETS S SOVEREIGN DEBT 73936T573 22,043 816,423 SH   SOLE   642,629 0 173,794
VANGUARD TOTAL STOCK MARKET ET STK MRK ETF 922908769 228,493 2,382,121 SH   SOLE   1,932,311 0 449,810
VANGUARD FTSE EMERGING MARKET EMR MKT ETF 922042858 129,235 3,141,345 SH   SOLE   2,605,411 0 535,934
POWERSHARES DB COMMODITY INDEX UNIT BEN INT 73935S105 93,289 3,635,590 SH   SOLE   3,199,275 0 436,315
VANGUARD FTSE DEVELOPED MKTS E FTSE DEV MKT ETF 921943858 212,653 5,102,045 SH   SOLE   4,118,781 0 983,264