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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 9,143 314,619 SH   SOLE N/A 314,619 0 0
CAFEPRESS INC COM 12769A103 135 30,000 SH   SOLE N/A 30,000 0 0
ISHARES IBOXX HI YD ETF 464288513 21,207 238,821 SH   SOLE N/A 238,821 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 7,340 62,488 SH   SOLE N/A 62,488 0 0
ISHARES TR TIPS BD ETF 464287176 16,256 145,074 SH   SOLE N/A 145,074 0 0
ISHARES TR CORE MSCI EAFE 46432F842 24,938 427,751 SH   SOLE N/A 427,751 0 0
ISHARES TR CORE S&P500 ETF 464287200 51,453 248,300 SH   SOLE N/A 248,300 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,539 41,725 SH   SOLE N/A 41,725 0 0
ISHARES TR U.S. REAL ES ETF 464287739 9,538 133,769 SH   SOLE N/A 133,769 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 5,426 171,268 SH   SOLE N/A 171,268 0 0
ISHARES TR MSCI EAFE ETF 464287465 33,489 527,465 SH   SOLE N/A 527,465 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 17,494 140,107 SH   SOLE N/A 140,107 0 0
ISHARES TR S&P MC 400GR ETF 464287606 5,403 31,874 SH   SOLE N/A 31,874 0 0
ISHARES TR NA NAT RES 464287374 26,080 718,856 SH   SOLE N/A 718,856 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 377,666 9,532,200 SH Put SOLE N/A 9,532,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 430,526 6,781,000 SH Put SOLE N/A 6,781,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 32,038 686,632 SH   SOLE N/A 686,632 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 35,580 679,392 SH   SOLE N/A 679,392 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 43,096 1,054,205 SH   SOLE N/A 1,054,205 0 0
VANGUARD TAX MANAGED INTL FD MSCI EAFE ETF 921943858 10,239 258,228 SH   SOLE N/A 258,228 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,693 27,490 SH   SOLE N/A 27,490 0 0