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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
ISH (IVW) S&P 500 GR ETF 464287309 61,057 618,296 SH   SOLE   186,046 0 432,250
ISH (TLT) 20+ YEAR TREAS ETF 464287432 8,657 85,020 SH   SOLE   12,760 0 72,260
ISH (SHY) 1-3 YEAR TREAS ETF 464287457 28,317 335,589 SH   SOLE   50,019 0 285,570
ISH (EFA) MSCI EAFE ETF 464287465 145,369 2,166,781 SH   SOLE   640,749 0 1,526,032
ISH (MBB) BARCLAYS FIXED BD FD ETF 464288588 55,612 531,972 SH   SOLE   79,577 0 452,395
ISH (CFT) BARCLAYS CR BD FD ETF 464288620 35,948 336,557 SH   SOLE   50,772 0 285,785
ISHARES 1-3 YEAR ETF 464288646 30,374 288,128 SH   SOLE   42,938 0 245,190
VAN (BSV) SHORT BD FD ETF 921937827 16,253 203,369 SH   SOLE   64 0 203,305
PIMCO (HYS) 0-5 YR HIGH YLD ETF 72201R783 54,451 511,953 SH   SOLE   235,483 0 276,470
PWRS (PCY) EMERG MKT DEBT ETF 73936T573 25,412 925,069 SH   SOLE   440,669 0 484,400
SPDR (SPY) S&P 500 ETF 78462F103 195,531 1,059,502 SH   SOLE   315,354 0 744,148
SPDR (MDY) S&P MID ETF 78467Y107 119,049 487,906 SH   SOLE   144,706 0 343,200
WIS (DXJ) JAPAN EQTY ETF 97717W851 59,196 1,165,050 SH   SOLE   351,650 0 813,400