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 1,943 168,946 SH   DFND   0 168,946 0
ISHARES TR S&P 100 ETF 464287101 14,167 152,494 SH   DFND   0 152,494 0
ISHARES TR RUS 1000 GRW ETF 464287614 503 5,012 SH   DFND   0 5,012 0
ISHARES TR RUS 2000 GRW ETF 464287648 1,932 14,084 SH   DFND   0 14,084 0
ISHARES TR US HLTHCARE ETF 464287762 213 1,437 SH   DFND   0 1,437 0
ISHARES TR MRGSTR SM CP ETF 464288505 2,082 15,440 SH   DFND   0 15,440 0
ISHARES TR CORE US CR BD 464288620 1,520 13,407 SH   DFND   0 13,407 0
ISHARES TR U.S. PFD STK ETF 464288687 1,345 33,730 SH   DFND   0 33,730 0
ISHARES TR EAFE VALUE ETF 464288877 11,137 259,362 SH   DFND   0 259,362 0
ISHARES TR RUS MD CP GR ETF 464287481 11,450 122,359 SH   DFND   0 122,359 0
ISHARES TR MSCI EAFE ETF 464287465 5,641 101,051 SH   DFND   0 101,051 0
ISHARES TR CORE S&P500 ETF 464287200 5,033 23,908 SH   DFND   0 23,908 0
ISHARES TR CORE S&P MCP ETF 464287507 283 1,896 SH   DFND   0 1,896 0
ISHARES TR SELECT DIVID ETF 464287168 619 7,261 SH   DFND   0 7,261 0
ISHARES TR TIPS BD ETF 464287176 427 3,661 SH   DFND   0 3,661 0
MANNKIND CORP COM 56400P201 12 10,253 SH   DFND   0 10,253 0
POWERSHARES ETF TR II PWRS INT BUYBK 73937B621 791 30,415 SH   DFND   0 30,415 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 2,676 59,207 SH   DFND   0 59,207 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 1,353 13,911 SH   DFND   0 13,911 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 9,301 86,493 SH   DFND   0 86,493 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,205 140,223 SH   DFND   0 140,223 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,997 29,269 SH   DFND   0 29,269 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,693 13,388 SH   DFND   0 13,388 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 561 2,680 SH   DFND   0 2,680 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 472 1,735 SH   DFND   0 1,735 0
SPDR SER TR SHT TRM HGH YLD 78468R408 255 9,460 SH   DFND   0 9,460 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 1,808 50,665 SH   DFND   0 50,665 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,378 24,119 SH   DFND   0 24,119 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 1,673 19,845 SH   DFND   0 19,845 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 4,632 57,139 SH   DFND   0 57,139 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 406 4,749 SH   DFND   0 4,749 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,857 17,329 SH   DFND   0 17,329 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,136 117,398 SH   DFND   0 117,398 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 6,192 132,694 SH   DFND   0 132,694 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 8,328 100,047 SH   DFND   0 100,047 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 502 14,198 SH   DFND   0 14,198 0