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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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
ETFS GOLD TRUST ETFS GOLD TR 26922Y105 5,606 46,637 SH   SOLE   0 0 46,637
ISHARES 7-10 YEAR TREASURY BOND ETF BARCLAYS 7 10 YR 464287440 800 7,862 SH   SOLE   0 0 7,862
ISHARES 1-3 YEAR TREASURY BOND ETF ISHARES TR 1 3 YR TREAS BD 464287457 1,490 18,000 SH   SOLE   0 0 18,000
ISHARES 3-7 YEAR TREASURY BOND ETF ISHARES TR 3 7 YR TREAS BD 464288661 653 5,480 SH   SOLE   0 0 5,480
ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF ISHARES TR JPMORGAN USD EMG 464288281 8,585 80,980 SH   SOLE   0 0 80,980
ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF ISHARES TR IBOXX HI YD ETF 464288513 1,352 16,000 SH   SOLE   0 0 16,000
SPDR BLOOMBERG BARCLAYS TIPS ETF SPDR BLOOMBERG 78464A656 9,460 171,568 SH   SOLE   0 0 171,568
ISHARES BARCLAYS 10-20 YEAR TREASURY BOND FUND ISHARES TR 10-20 YR TRS ETF 464288653 391 3,000 SH   SOLE   0 0 3,000
ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF ISHARES INC JP MORGAN EM ETF 464286517 3,460 78,576 SH   SOLE   0 0 78,576
ISHARES J.P. MORGAN EM CORPORATE BOND ETF ISHARES INC JP MRG EM CRP BD 464286251 901 18,742 SH   SOLE   0 0 18,742
ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF ISHARES INC US INTL HGH YLD 464286178 3,488 71,686 SH   SOLE   0 0 71,686
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FDS 92206C813 4,287 49,305 SH   SOLE   0 0 49,305
ISHARES AGENCY BOND ETF ISHARES TR AGENCY BOND ETF 464288166 2,719 24,575 SH   SOLE   0 0 24,575
VANGUARD SHORT-TERM GOVERNMENT BOND INDEX FUND VANGUARD 92206C102 886 14,893 SH   SOLE   0 0 14,893
ISHARES US ETF TRUST SHORT MATURITY BOND ETF SHT MAT BD ETF 46431W507 3,966 79,611 SH   SOLE   0 0 79,611
SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECU ETF USD SPDR BLOOMBERG BARCLAYS 78464A359 3,030 57,559 SH   SOLE   0 0 57,559
AMAZON.COM INC COM 023135106 329 195 SH   SOLE   0 0 195
APPLE INC APPLE INC COM 037833100 1,135 6,174 SH   SOLE   0 0 6,174
BOEING CO BOEING CO 097023105 267 800 SH   SOLE   0 0 800
HOME DEPOT INC HOME DEPOT INC COM 437076102 262 1,350 SH   SOLE   0 0 1,350
JOHNSON & JOHNSON JOHNSON & JOHNSON 478160104 1,323 10,980 SH   SOLE   0 0 10,980
MICRON TECHNOLOGY INC MICRON TECHNOLOGY INC 595112103 297 5,700 SH   SOLE   0 0 5,700
NIKE INC -B- NIKE INC 654106103 285 3,600 SH   SOLE   0 0 3,600
J.P. MORGAN CHASE & CO JPMORGAN CHASE & CO 46625H100 1,062 10,263 SH   SOLE   0 0 10,263
RAYTHEON CO RAYTHEON 755111507 212 1,105 SH   SOLE   0 0 1,105
FACEBOOK INC -A- FACEBOOK INC CL A 30303M102 623 3,231 SH   SOLE   0 0 3,231
T-MOBILE US INC T MOBILE US INC 872590104 1,839 31,000 SH   SOLE   0 0 31,000
ALIBABA GROUP HOLDING LTD -SP ADR- REPR 1 SHARE ALIBABA GROUP HLDG LTD 01609W102 389 2,114 SH   SOLE   0 0 2,114
SPDR S&P 500 ETF TRUST UNITS SERIES -1- SPDR S&P 500 78462F103 1,428 5,300 SH   SOLE   0 0 5,300
ISHARES S&P 500 VALUE ETF S&P 500 VAL ETF 464287408 503 4,599 SH   SOLE   0 0 4,599
ISHARES TRUST (GOLDMAN SACHS TECHNOLOGY INDEX FD) ISHARES TR N AMER TECH ETF 464287549 651 3,400 SH   SOLE   0 0 3,400
ISHARES MSCI GERMANY ETF ISHARES INC MSCI GERMANY ETF 464286806 357 12,000 SH   SOLE   0 0 12,000
ISHARES MSCI PACIFIC EX JAPAN ETF ISHARES INC MSCI PAC JP ETF 464286665 762 16,674 SH   SOLE   0 0 16,674
ISHARES SELECT DIVIDEND ETF ISHARES TR SELECT DIVID ETF 464287168 1,060 10,925 SH   SOLE   0 0 10,925
ISHARES MSCI EUROZONE ETF ISHARES INC MSCI EURZONE ETF 464286608 2,335 57,349 SH   SOLE   0 0 57,349
ISHARES MSCI EMERGING MARKETS ETF ISHARES TR MSCI EMG MKT ETF 464287234 4,813 111,864 SH   SOLE   0 0 111,864
ISHARES GLOBAL HEALTHCARE ETF. GLOB HLTHCRE 464287325 668 11,928 SH   SOLE   0 0 11,928
ISHARES RUSSELL 1000 VALUE ETF RUS 1000 VAL ETF 464287598 477 3,960 SH   SOLE   0 0 3,960
ISHARES GLOBAL TECH ETF. GLOBAL TECH ETF 464287291 523 3,200 SH   SOLE   0 0 3,200
VANGUARD TOTAL WORLD STOCK INDEX FUND -ETF- USD VANGUARD 922042742 838 11,500 SH   SOLE   0 0 11,500
ISHARES MSCIWRL ISHARES MSCI WORLD ISHARES MSCIWRL 464286392 2,077 23,917 SH   SOLE   0 0 23,917
ISHARES CURRENCY HEDGED MSCI EUROZONE ETF ISHARES TR CUR HD EURZN ETF 46434V639 1,391 46,609 SH   SOLE   0 0 46,609
ISHARES COMMODITY OPTIMIZED TRUST ETF ISHARES DOW JONES UBS ROLL S SHS BEN INT 45032K102 3,292 90,327 SH   SOLE   0 0 90,327
ISHARES CORE MSCI EUROPE ETF ISHARES CORE MSCI 46434V738 1,630 34,500 SH   SOLE   0 0 34,500
ISHARES MSCI UNITED KINGDOM ETF.. MSCI UK ETF NEW 46435G334 2,538 73,501 SH   SOLE   0 0 73,501
ISHARES MSCI JAPAN ETF. ISHARES INC MSCI JPN ETF NEW 46434G822 409 7,113 SH   SOLE   0 0 7,113