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
DBX ETF TR XTRACK USD HIGH 233051432 607,361 12,264,948 SH   SOLE   12,264,087 0 861
DIREXION SHS ETF TR ZACKS MLP HG INC 25459Y298 946 67,767 SH   SOLE   67,767 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 225 2,902 SH   SOLE   2,902 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 46,575 724,573 SH   SOLE   724,573 0 0
EXCHANGE TRADED CONCEPTS TR ROBO GLB ETF 301505707 186,866 4,468,352 SH   SOLE   4,468,352 0 0
FIDELITY MSCI CONSM DIS 316092204 52,171 1,312,142 SH   SOLE   1,312,142 0 0
FIDELITY MSCI FINLS IDX 316092501 120,619 2,986,375 SH   SOLE   2,986,375 0 0
FIDELITY MSCI HLTH CARE I 316092600 112,001 2,812,676 SH   SOLE   2,812,676 0 0
FIDELITY MSCI INDL INDX 316092709 80,655 2,132,022 SH   SOLE   2,132,022 0 0
FIDELITY MSCI INFO TECH I 316092808 177,421 3,420,483 SH   SOLE   3,420,483 0 0
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 207,797 8,402,626 SH   SOLE   8,402,626 0 0
GLOBAL X FDS GLBL X MLP ETF 37950E473 34,271 4,036,597 SH   SOLE   4,036,597 0 0
ISHARES GOLD TRUST ISHARES 464285105 1,136,331 89,264,065 SH   SOLE   89,255,857 0 8,208
ISHARES INC CORE MSCI EMKT 46434G103 30,258 518,117 SH   SOLE   518,117 0 0
ISHARES TR 0-5 YR TIPS ETF 46429B747 1,973 19,702 SH   SOLE   19,702 0 0
ISHARES TR 0-5YR HI YL CP 46434V407 1,430,869 30,580,662 SH   SOLE   30,577,656 0 3,006
ISHARES TR AGENCY BOND ETF 464288166 60,010 535,613 SH   SOLE   535,613 0 0
ISHARES TR CALIF MUN BD ETF 464288356 48,952 838,639 SH   SOLE   838,639 0 0
ISHARES TR CMBS ETF 46429B366 28,589 567,686 SH   SOLE   567,686 0 0
ISHARES TR CRE U S REIT ETF 464288521 5,015 111,272 SH   SOLE   111,272 0 0
ISHARES TR INTL DEV RE ETF 464288489 1,868 62,829 SH   SOLE   62,828 0 1
ISHARES TR INTL TREA BD ETF 464288117 3,198 61,980 SH   SOLE   61,980 0 0
ISHARES TR MBS ETF 464288588 11,679 111,607 SH   SOLE   111,607 0 0
ISHARES TR PFD AND INCM SEC 464288687 767 20,424 SH   SOLE   20,424 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 657 4,323 SH   SOLE   4,323 0 0
ISHARES TR TIPS BD ETF 464287176 55,311 489,262 SH   SOLE   489,262 0 0
POWERSHARES ACT MANG COMM FD OPT YLD DIV 73937V106 133,793 7,529,139 SH   SOLE   7,529,139 0 0
POWERSHARES ETF TR II CALI MUNI ETF 73936T441 100,670 3,921,087 SH   SOLE   3,921,087 0 0
POWERSHARES ETF TR II DEV MKTS EX-US 73936T789 77,344 1,732,299 SH   SOLE   1,732,299 0 0
POWERSHARES ETF TR II EMER MRKT PORT 73936T763 40,457 1,720,822 SH   SOLE   1,720,822 0 0
POWERSHARES ETF TR II EX US SML PORT 73936T771 36,407 1,067,952 SH   SOLE   1,067,951 0 1
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 179,878 1,632,579 SH   SOLE   1,632,579 0 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 67,554 524,003 SH   SOLE   524,003 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 249,889 10,803,711 SH   SOLE   10,803,711 0 0
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 860,797 29,992,900 SH   SOLE   29,990,577 0 2,323
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 1,630,107 48,356,758 SH   SOLE   48,353,541 0 3,217
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 782,498 21,432,433 SH   SOLE   21,430,666 0 1,767
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 527,029 10,021,475 SH   SOLE   10,020,304 0 1,171
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 2,935,251 80,771,900 SH   SOLE   80,765,283 0 6,617
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 1,905,505 51,168,244 SH   SOLE   51,164,001 0 4,243
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 1,188,236 38,096,716 SH   SOLE   38,093,673 0 3,043
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 2,089,797 69,706,358 SH   SOLE   69,701,000 0 5,358
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 1,112,679 31,065,656 SH   SOLE   31,063,265 0 2,391
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 440 8,636 SH   SOLE   8,636 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 386,459 7,882,105 SH   SOLE   7,882,105 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 2,299,898 36,460,018 SH   SOLE   36,457,157 0 2,861
SCHWAB STRATEGIC TR US REIT ETF 808524847 830,471 21,711,630 SH   SOLE   21,709,854 0 1,776
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 1,219,963 17,647,370 SH   SOLE   17,646,056 0 1,314
SCHWAB STRATEGIC TR US TIPS ETF 808524870 332,364 6,056,193 SH   SOLE   6,055,889 0 304
SELECT SECTOR SPDR TR ENERGY 81369Y506 93,068 1,380,624 SH   SOLE   1,380,624 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 164,775 4,091,748 SH   SOLE   4,091,748 0 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 195,513 4,879,276 SH   SOLE   4,879,276 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 451 1,715 SH   SOLE   1,715 0 0
SPDR SER TR NUVEEN BLMBRG SR 78468R739 49,092 1,026,590 SH   SOLE   1,026,590 0 0
SPDR SER TR NUVEEN BRC MUNIC 78468R721 229 4,770 SH   SOLE   4,770 0 0
SPDR SER TR PORTFOLIO SM ETF 78468R853 148,112 4,950,246 SH   SOLE   4,950,246 0 0
SPDR SERIES TRUST BLOMBRG BRC EMRG 78464A391 465,223 15,313,450 SH   SOLE   15,312,678 0 772
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 47,884 1,335,697 SH   SOLE   1,335,697 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 71,681 832,140 SH   SOLE   832,140 0 0
SPDR SERIES TRUST PORTFOLIO INTRMD 78464A375 699,553 20,857,274 SH   SOLE   20,855,842 0 1,432
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 62,608 1,440,917 SH   SOLE   1,440,917 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 1,116,859 56,982,586 SH   SOLE   56,977,265 0 5,321
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 721,020 13,174,117 SH   SOLE   13,172,760 0 1,357
VANGUARD INDEX FDS LARGE CAP ETF 922908637 247,835 2,044,669 SH   SOLE   2,044,669 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 103,620 428,041 SH   SOLE   428,041 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 43,690 297,376 SH   SOLE   297,376 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 133,156 2,834,302 SH   SOLE   2,834,302 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 32,740 274,569 SH   SOLE   274,569 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 555,174 9,113,167 SH   SOLE   9,112,369 0 798
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 419 8,558 SH   SOLE   8,558 0 0
VANGUARD MUN BD FD INC TAX EXEMPT BD 922907746 332,086 6,534,547 SH   SOLE   6,534,547 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706 92,814 1,473,720 SH   SOLE   1,473,720 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 5,460 64,361 SH   SOLE   64,361 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 73,719 806,905 SH   SOLE   806,905 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,290,850 25,016,465 SH   SOLE   25,014,039 0 2,426
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 562,205 12,705,205 SH   SOLE   12,705,205 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 18,834 228,315 SH   SOLE   228,315 0 0
VANGUARD WHITEHALL FDS INC INTL HIGH ETF 921946794 72,063 1,084,476 SH   SOLE   1,084,476 0 0