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 1-3 YR CR BD ETF 464288646 4,066 38,747 SH   SOLE   0 0 38,747
ISHARES TR CORE MSCI EAFE 46432F842 21,190 395,110 SH   SOLE   0 0 395,110
ISHARES TR CORE MSCI EAFE 46432F842 3,988 74,365 SH   OTR   0 0 74,365
ISHARES TR EAFE SML CP ETF 464288273 25 500 SH   SOLE   0 0 500
ISHARES TR GLOBAL ENERG ETF 464287341 82 2,369 SH   SOLE   0 0 2,369
ISHARES TR INTL SEL DIV ETF 464288448 356 12,058 SH   SOLE   0 0 12,058
ISHARES TR NATIONAL MUN ETF 464288414 435 4,018 SH   SOLE   0 0 4,018
ISHARES TR SHRT NAT MUN ETF 464288158 16,101 153,234 SH   SOLE   0 0 153,234
ISHARES TR SP SMCP600VL ETF 464287879 6,845 48,887 SH   SOLE   0 0 48,887
ISHARES TR SP SMCP600VL ETF 464287879 1,519 10,850 SH   OTR   0 0 10,850
ISHARES TR U.S. FINLS ETF 464287788 5 52 SH   SOLE   0 0 52
ISHARES TR US HLTHCARE ETF 464287762 2 16 SH   SOLE   0 0 16
ISHARES TR US HLTHCR PR ETF 464288828 1,598 12,752 SH   SOLE   0 0 12,752
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 100 3,259 SH   SOLE   0 0 3,259
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 2,524 48,811 SH   SOLE   0 0 48,811
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,244 18,050 SH   SOLE   0 0 18,050
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369y506 148 1,959 SH   SOLE   0 0 1,959
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 477 20,514 SH   SOLE   0 0 20,514
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 2,037 32,731 SH   SOLE   0 0 32,731
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 83 1,717 SH   SOLE   0 0 1,717
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 619 12,448 SH   SOLE   0 0 12,448
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 4,626 95,650 SH   SOLE   0 0 95,650
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,482 30,655 SH   OTR   0 0 30,655
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,851 21,700 SH   OTR   0 0 21,700
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 209 2,583 SH   SOLE   0 0 2,583
VANGUARD INDEX FDS REIT ETF 922908553 592 7,176 SH   SOLE   0 0 7,176
VANGUARD INDEX FDS TOTAL STK MKT 922908769 7,187 62,323 SH   SOLE   0 0 62,323
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 3,917 109,484 SH   SOLE   0 0 109,484
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 4,005 83,537 SH   SOLE   0 0 83,537
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 4 60 SH   SOLE   0 0 60
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 25,187 332,408 SH   SOLE   0 0 332,408
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 1,402 10,893 SH   OTR   0 0 10,893
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 3,012 23,411 SH   SOLE   0 0 23,411
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 14 102 SH   SOLE   0 0 102
VANGUARD WORLD FDS ENERGY ETF 92204A306 1,505 14,375 SH   SOLE   0 0 14,375
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 2,777 46,788 SH   SOLE   0 0 46,788
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 1,270 10,022 SH   OTR   0 0 10,022
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 238 1,876 SH   SOLE   0 0 1,876
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 292 2,448 SH   SOLE   0 0 2,448
VANGUARD WORLD FDS INF TECH ETF 92204A702 29 235 SH   SOLE   0 0 235
VANGUARD WORLD FDS MATERIALS ETF 92204A801 89 792 SH   SOLE   0 0 792
VANGUARD WORLD FDS TELCOMM ETF 92204A884 697 6,955 SH   SOLE   0 0 6,955
VANGUARD WORLD FDS UTILITIES ETF 92204A876 655 6,117 SH   SOLE   0 0 6,117
WISDOMTREE TR JAPN HEDGE EQT 97717W851 1,341 27,079 SH   SOLE   0 0 27,079