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 XTRAK MSCI EAFE 233051200 89,889 3,000,311 SH   SOLE   2,999,860 0 451
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 110,250 4,440,175 SH   SOLE   4,439,333 0 842
GLOBAL X FDS GLBL X MLP ETF 37950E473 344 22,589 SH   SOLE   22,589 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 156,372 8,072,912 SH   SOLE   8,071,600 0 1,312
ISHARES 3-7 YR TR BD ETF 464288661 66,147 532,713 SH   SOLE   532,545 0 168
ISHARES AGENCY BOND ETF 464288166 55,550 486,496 SH   SOLE   486,426 0 70
ISHARES EAFE SML CP ETF 464288273 94,827 1,916,868 SH   SOLE   1,916,472 0 396
ISHARES MBS ETF 464288588 381,873 3,460,877 SH   SOLE   3,460,295 0 582
ISHARES MICRO-CAP ETF 464288869 49,713 628,644 SH   SOLE   628,550 0 94
ISHARES GOLD TRUST ISHARES 464285105 34,431 3,007,046 SH   SOLE   3,006,598 0 448
ISHARES INC CORE MSCI EMKT 46434G103 29,081 601,722 SH   SOLE   601,586 0 136
ISHARES TR 0-5YR HI YL CP 46434V407 54,572 1,112,587 SH   SOLE   1,112,581 0 6
ISHARES TR CHINA LG-CAP ETF 464287184 58,419 1,315,751 SH   SOLE   1,315,571 0 180
ISHARES TR IBOXX INV CP ETF 464287242 115,366 947,878 SH   SOLE   947,664 0 214
ISHARES TR MSCI EAFE ETF 464287465 366,833 5,716,576 SH   SOLE   5,715,207 0 1,369
ISHARES TR RUS 1000 ETF 464287622 366,600 3,164,441 SH   SOLE   3,163,663 0 778
ISHARES TR RUSSELL 2000 ETF 464287655 137,410 1,104,852 SH   SOLE   1,104,606 0 246
ISHARES TR TIPS BD ETF 464287176 4,053 35,677 SH   SOLE   35,667 0 10
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 41,638 2,069,505 SH   SOLE   2,069,486 0 19
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 143,749 1,416,106 SH   SOLE   1,415,890 0 216
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 473 5,185 SH   SOLE   5,185 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 34,370 2,267,167 SH   SOLE   2,266,828 0 339
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 71,536 5,302,862 SH   SOLE   5,302,016 0 846
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 56,937 2,571,702 SH   SOLE   2,571,353 0 349
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 18,042 740,632 SH   SOLE   740,632 0 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 235,753 7,798,631 SH   SOLE   7,798,631 0 0
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 32,524 1,078,391 SH   SOLE   1,078,391 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 44,373 816,289 SH   SOLE   816,289 0 0
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 83,888 2,796,253 SH   SOLE   2,796,224 0 29
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 48,904 1,576,036 SH   SOLE   1,576,022 0 14
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 36,764 1,559,797 SH   SOLE   1,559,781 0 16
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 59,498 2,236,581 SH   SOLE   2,236,557 0 24
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 35,443 1,304,047 SH   SOLE   1,304,033 0 14
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 3,003 76,205 SH   SOLE   76,205 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 236,447 4,769,964 SH   SOLE   4,769,964 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 81,148 2,001,195 SH   SOLE   2,001,195 0 0
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 87,598 1,521,334 SH   SOLE   1,521,334 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 3,590 65,369 SH   SOLE   65,369 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 107,089 1,421,215 SH   SOLE   1,421,016 0 199
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 105,997 4,396,391 SH   SOLE   4,395,769 0 622
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 1,898 45,268 SH   SOLE   45,268 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 44,098 1,124,364 SH   SOLE   1,124,177 0 187
SPDR SERIES TRUST DJ REIT ETF 78464A607 124,330 1,314,689 SH   SOLE   1,314,356 0 333
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 11,007 318,669 SH   SOLE   318,669 0 0
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 9,347 385,924 SH   SOLE   385,924 0 0
SPDR SERIES TRUST NUVN CALI MUNI 78464A441 4,072 168,820 SH   SOLE   168,820 0 0
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 1,363 30,305 SH   SOLE   30,305 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 19,064 352,450 SH   SOLE   352,450 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 25,398 475,348 SH   SOLE   475,348 0 0