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
GLOBAL X FDS GLBL X MLP ETF GLBL X MLP ETF 37950E473 3,764 381,782 SH   SOLE   34,047 0 347,735
JP MORGAN EXCH TRADED NT ALERI ALERIAN ML ETN 46625h365 17,971 654,191 SH   SOLE   604,740 0 49,451
POWERSHARES ACT MANG COMM FD D DB OPT YLD DIV 73937V106 50,182 2,875,746 SH   SOLE   2,221,759 0 653,987
VANGUARD FTSE EUROPE ETF FTSE EUROPE ETF 922042874 25,819 436,497 SH   SOLE   331,742 0 104,755
VANGUARD GLOBAL EX US REAL EST GLB EX US ETF 922042676 30,856 510,022 SH   SOLE   401,185 0 108,837
VANGUARD INDEX FDS REIT ETF REIT ETF 922908553 256 3,082 SH   SOLE   0 0 3,082
VANGUARD INDEX FDS TOTAL STK M STK MRK ETF 922908769 56,423 411,099 SH   SOLE   316,543 0 94,556
VANGUARD INTL EQTY INDEX FTSE ALLWRLD EX US 922042775 1,042 19,038 SH   SOLE   0 0 19,038
VANGUARD INTL EQUITY INDEX FD EMR MKT ETF 922042858 66,401 1,446,338 SH   SOLE   1,149,470 0 296,868
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 922042718 26,116 219,037 SH   SOLE   168,678 0 50,359
Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 349 1,424 SH   SOLE   0 0 1,424
VANGUARD TAX MANAGED INTL FD F FTSE DEV MKT ETF 921943858 92,307 2,057,670 SH   SOLE   1,653,346 0 404,324
VANGUARD TOTAL WORLD STOCK ETF TT WRLD ST ETF 922042742 246 3,307 SH   SOLE   0 0 3,307
VANGUARD VALUE ETF VALUE ETF 922908744 52,773 496,362 SH   SOLE   385,027 0 111,335
VANGUARD WORLD FDS CONSUM DIS CONSUM DIS ETF 92204A108 294 1,887 SH   SOLE   0 0 1,887
VANGUARD WORLD FDS INDUSTRIAL INDUSTRIAL ETF 92204A603 282 1,982 SH   SOLE   0 0 1,982
VANGUARD WORLD FDS INF TECH ET INF TECH ETF 92204A702 286 1,737 SH   SOLE   0 0 1,737
ISHARES TR FLTG RATE BD ETF FLTG RATE BD ETF 46429B655 22,082 434,517 SH   SOLE   106,557 0 327,960
POWERSHARES ETF TRUST II SENIO SENIOR LN PORT 73936Q769 12,026 521,958 SH   SOLE   158,673 0 363,285
SPDR SERIES TRUST BLOOMBERG IN BRCLYS INTL ETF 78464A516 16,699 587,359 SH   SOLE   142,743 0 444,616
SPDR SERIES TRUST NUVN BR SHT NUVN BR SHT MUNI 78468R739 290 6,058 SH   SOLE   0 0 6,058
VANGUARD MALVERN FDS STRM INFP STRM INFPROIDX 922020805 9,056 185,504 SH   SOLE   79,782 0 105,722
VANGUARD SCOTTSDALE FDS SHRT T SHRT TRM CORP BD 92206C409 10,787 136,028 SH   SOLE   11,838 0 124,190