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 TR CORE S&P SCP ETF 464287804 270 2,449 SH   SOLE   0 0 2,449
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,875 68,058 SH   SOLE   0 0 68,058
ISHARES TR U.S. FINLS ETF 464287788 1,375 15,560 SH   SOLE   0 0 15,560
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 999 23,013 SH   SOLE   0 0 23,013
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,146 48,090 SH   SOLE   0 0 48,090
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,665 62,214 SH   SOLE   0 0 62,214
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,177 23,321 SH   SOLE   0 0 23,321
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,135 14,516 SH   SOLE   0 0 14,516
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 349 4,483 SH   SOLE   0 0 4,483
ISHARES TR 1-3 YR TR BD ETF 464287457 446 5,291 SH   SOLE   0 0 5,291
ISHARES TR 7-10 Y TR BD ETF 464287440 1,970 18,660 SH   SOLE   0 0 18,660
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 254 1,968 SH   SOLE   0 0 1,968
ISHARES TR CORE US AGGBD ET 464287226 3,295 30,506 SH   SOLE   0 0 30,506
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 1,245 21,964 SH   SOLE   0 0 21,964
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 1,227 9,232 SH   SOLE   0 0 9,232
VANGUARD INDEX FDS SM CP VAL ETF 922908611 1,458 14,761 SH   SOLE   0 0 14,761
VANGUARD WORLD FDS MATERIALS ETF 92204A801 201 2,129 SH   SOLE   0 0 2,129
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 253 5,216 SH   SOLE   0 0 5,216
VANGUARD WORLD FDS INF TECH ETF 92204A702 251 2,319 SH   SOLE   0 0 2,319
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 249 2,029 SH   SOLE   0 0 2,029
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 1,226 24,575 SH   SOLE   0 0 24,575
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 1,546 146,952 SH   SOLE   0 0 146,952
ISHARES TR IBOXX HI YD ETF 464288513 636 7,889 SH   SOLE   0 0 7,889
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 790 9,929 SH   SOLE   0 0 9,929
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,262 24,436 SH   SOLE   0 0 24,436
ISHARES TR EAFE SML CP ETF 464288273 2,362 47,289 SH   SOLE   0 0 47,289
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 18383M654 204 4,100 SH   SOLE   0 0 4,100
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 2,444 45,418 SH   SOLE   0 0 45,418
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,966 15,867 SH   SOLE   0 0 15,867
FIRST TR EXCH TRD ALPHA FD I JAPAN ALPHADEX 33737J158 1,766 37,451 SH   SOLE   0 0 37,451
ISHARES TR USA MIN VOL ETF 46429B697 6,483 155,017 SH   SOLE   0 0 155,017
ISHARES TR CMBS ETF 46429B366 1,342 26,494 SH   SOLE   0 0 26,494
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 1,274 24,087 SH   SOLE   0 0 24,087
ISHARES TR MSCI USA QLT FAC 46432F339 5,539 85,776 SH   SOLE   0 0 85,776
FLEXSHARES TR GLB QLT R/E IDX 33939L787 1,358 23,889 SH   SOLE   0 0 23,889
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 1,917 39,446 SH   SOLE   0 0 39,446