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
ISHARES MSCI JAPAN ETF 464286848 2,090 172,419 SH   DFND   0 172,419 0
ISHARES TR INTL SEL DIV ETF 464288448 205 7,125 SH   DFND   0 7,125 0
ISHARES TR NASDQ BIOTEC ETF 464287556 342 1,010 SH   DFND   0 1,010 0
ISHARES TR MSCI EAFE ETF 464287465 4,928 83,931 SH   DFND   0 83,931 0
ISHARES TR RUS MD CP GR ETF 464287481 8,902 96,846 SH   DFND   0 96,846 0
ISHARES TR CORE S&P MCP ETF 464287507 533 3,827 SH   DFND   0 3,827 0
ISHARES TR US OIL EQ&SV ETF 464288844 317 8,860 SH   DFND   0 8,860 0
ISHARES TR CORE S&P500 ETF 464287200 1,302 6,355 SH   DFND   0 6,355 0
ISHARES TR CORE US CR BD 464288620 1,183 11,089 SH   DFND   0 11,089 0
ISHARES TR TIPS BD ETF 464287176 547 4,986 SH   DFND   0 4,986 0
ISHARES TR JP MOR EM MK ETF 464288281 304 2,875 SH   DFND   0 2,875 0
ISHARES TR CORE S&P SCP ETF 464287804 268 2,436 SH   DFND   0 2,436 0
ISHARES TR U.S. FINLS ETF 464287788 232 2,628 SH   DFND   0 2,628 0
ISHARES TR US HLTHCARE ETF 464287762 239 1,592 SH   DFND   0 1,592 0
ISHARES TR RUS 2000 GRW ETF 464287648 1,444 10,368 SH   DFND   0 10,368 0
ISHARES TR RUS 1000 GRW ETF 464287614 512 5,149 SH   DFND   0 5,149 0
ISHARES TR U.S. PFD STK ETF 464288687 1,179 30,360 SH   DFND   0 30,360 0
ISHARES TR SELECT DIVID ETF 464287168 613 8,163 SH   DFND   0 8,163 0
ISHARES TR S&P 100 ETF 464287101 12,215 133,982 SH   DFND   0 133,982 0
ISHARES TR EAFE VALUE ETF 464288877 9,305 200,031 SH   DFND   0 200,031 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,849 57,439 SH   DFND   0 57,439 0
MANNKIND CORP COM 56400P201 15 10,253 SH   DFND   0 10,253 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 4,664 102,607 SH   DFND   0 102,607 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 5,461 58,165 SH   DFND   0 58,165 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 8,062 72,075 SH   DFND   0 72,075 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,769 116,200 SH   DFND   0 116,200 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 631 10,464 SH   DFND   0 10,464 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,313 12,945 SH   DFND   0 12,945 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,790 8,782 SH   DFND   0 8,782 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 560 2,203 SH   DFND   0 2,203 0
SPDR SER TR SHT TRM HGH YLD 78468R408 267 10,375 SH   DFND   0 10,375 0
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 366 15,011 SH   DFND   0 15,011 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,155 22,368 SH   DFND   0 22,368 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 1,540 36,725 SH   DFND   0 36,725 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 2,288 67,484 SH   DFND   0 67,484 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 4,294 53,962 SH   DFND   0 53,962 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,596 19,764 SH   DFND   0 19,764 0
VANGUARD INDEX FDS REIT ETF 922908553 456 5,721 SH   DFND   0 5,721 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 571 6,812 SH   DFND   0 6,812 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 2,262 21,689 SH   DFND   0 21,689 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,526 138,377 SH   DFND   0 138,377 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 5,613 112,526 SH   DFND   0 112,526 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 7,485 96,262 SH   DFND   0 96,262 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,626 44,278 SH   DFND   0 44,278 0