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
SPDR SER TR BLOOMBERG BRCLYS 78468R622 13,454,651 148,326 SH   SOLE   86,326 62,000 0
ISHARES TR CORE S&P 500 ETF 464287200 61,310,451 161,705 SH   SOLE   130,905 30,800 0
ISHARES TR CORE US AGGBD ET 464287226 2,125,519 20,904 SH   SOLE   0 20,904 0
ISHARES TR CORE S&P MCP ETF 464287507 43,209,478 190,998 SH   SOLE   136,098 54,900 0
ISHARES TR RUSS 1000 ETF 464287622 1,038,800 5,000 SH   SOLE   0 5,000 0
ISHARES TR INTL DEV RE ETF 464288489 5,578,606 248,601 SH   SOLE   162,601 86,000 0
Ishares S&P GSCI Commodity I UNIT BEN INT 46428R107 577,847 25,015 SH   SOLE   25,015 0 0
Schwab Strategic TR US MID-CAP ETF 808524508 1,079,515 17,209 SH   SOLE   17,209 0 0
Vanguard Intl Equity Index F FTSE EMR MKT ETF 922042858 15,652,403 375,808 SH   SOLE   252,808 123,000 0
Vanguard Index FDS REAL ESTATE ETF 922908553 25,157,293 276,120 SH   SOLE   194,620 81,500 0
Vanguard Index FDS MID CAP ETF 922908629 1,089,835 5,533 SH   SOLE   0 5,533 0
Vanguard Index FDS SMALL CP ETF 922908751 52,326,675 297,125 SH   SOLE   220,925 76,200 0
Vanguard ETF Small Cap TOTAL STK MKT 922908769 23,834,023 126,360 SH   SOLE   126,360 0 0
Vanguard Charlotte FDS INTL BD IDX ETF 92203J407 4,566,845 92,185 SH   SOLE   49,435 42,750 0
Vanguard Scottsdale FDS MORTG-BACK SEC 92206C771 1,713,767 35,845 SH   SOLE   35,845 0 0
Vanguard Bd Index FDS TOTAL BND MRKT 921937835 67,236,531 893,390 SH   SOLE   596,190 297,200 0
Vanguard Tax-Managed Intl Fd FTSE DEV MKT ETF 921943858 29,813,498 730,723 SH   SOLE   527,723 203,000 0
Vanguard BD Index FDS VANGUARD ULTRA 92203C303 90,774 1,845 SH   SOLE   1,845 0 0
Vanguard Scottsdale FDS SHORT TERM TREAS 92206C102 778,129 13,220 SH   SOLE   13,220 0 0
Vanguard Scottsdale FDS INTER TERM TREAS 92206C706 645,544 10,555 SH   SOLE   10,555 0 0
Vanguard Scottsdale FDS SHRT TRM CORP BD 92206C409 1,244,945 16,325 SH   SOLE   16,325 0 0
Vanguard Scottsdale FDS INT-TERM CORP 92206C870 870,618 10,880 SH   SOLE   10,880 0 0
ISHARES TR ISHS 5-10YR INVT 464288638 218,843 4,286 SH   SOLE   4,286 0 0
Phillips Edison & Co Inc COMMON STOCK 71844V201 45,003 1,347 SH   SOLE   1,347 0 0
Vanguard BD Index FDS SHORT TRM BOND 921937827 120,944 1,575 SH   SOLE   1,575 0 0