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 159,591 5,576,222 SH   SOLE   5,575,707 0 515
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 410 6,935 SH   SOLE   6,935 0 0
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 112,692 4,533,072 SH   SOLE   4,532,683 0 389
GLOBAL X FDS GLBL X MLP ETF 37950E473 1,430 100,906 SH   SOLE   100,906 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 166,680 8,667,717 SH   SOLE   8,667,707 0 1,010
ISHARES 3-7 YR TR BD ETF 464288661 75,282 612,249 SH   SOLE   612,171 0 78
ISHARES AGENCY BOND ETF 464288166 56,128 495,919 SH   SOLE   495,851 0 68
ISHARES CALI AMT-FRE ETF 464288356 1,604 13,882 SH   SOLE   13,882 0 0
ISHARES EAFE SML CP ETF 464288273 100,534 1,970,476 SH   SOLE   1,970,230 0 246
ISHARES INTERM CR BD ETF 464288638 25,368 233,037 SH   SOLE   233,037 0 0
ISHARES MBS ETF 464288588 208 1,908 SH   SOLE   1,908 0 0
ISHARES MICRO-CAP ETF 464288869 51,022 625,806 SH   SOLE   625,755 0 51
ISHARES GOLD TRUST ISHARES 464285105 163,509 14,418,794 SH   SOLE   14,417,993 0 801
ISHARES INC CORE MSCI EMKT 46434G103 29,265 609,174 SH   SOLE   609,054 0 120
ISHARES TR 0-5YR HI YL CP 46434V407 212,253 4,364,645 SH   SOLE   4,364,510 0 135
ISHARES TR CHINA LG-CAP ETF 464287184 57,923 1,256,466 SH   SOLE   1,256,329 0 137
ISHARES TR CMBS ETF 46429B366 25,355 493,676 SH   SOLE   493,676 0 0
ISHARES TR IBOXX INV CP ETF 464287242 112,164 969,273 SH   SOLE   969,241 0 32
ISHARES TR RUS 1000 ETF 464287622 373,032 3,214,686 SH   SOLE   3,214,149 0 537
ISHARES TR RUSSELL 2000 ETF 464287655 137,476 1,101,045 SH   SOLE   1,100,848 0 197
ISHARES TR TIPS BD ETF 464287176 3,974 35,466 SH   SOLE   35,466 0 0
ISHARES TR USA MIN VOL ETF 46429B697 83,860 2,079,853 SH   SOLE   2,079,661 0 192
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 158,085 8,090,324 SH   SOLE   8,090,033 0 291
MARKET VECTORS ETF TR MKTVEC INTMUETF 57060U845 7,043 303,626 SH   SOLE   303,626 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 146,480 1,466,709 SH   SOLE   1,466,517 0 192
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 2,642 29,136 SH   SOLE   29,136 0 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 263 2,538 SH   SOLE   2,538 0 0
POWERSHARES GLOBAL ETF TRUST DEV MKTS EX-US 73936T789 1,725 42,366 SH   SOLE   42,366 0 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 1,981 102,934 SH   SOLE   102,934 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 32,734 2,274,773 SH   SOLE   2,274,508 0 265
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 75,407 5,164,875 SH   SOLE   5,164,270 0 605
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 61,162 2,619,361 SH   SOLE   2,619,008 0 353
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 115,234 4,688,133 SH   SOLE   4,687,981 0 152
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 390,437 12,813,827 SH   SOLE   12,813,612 0 215
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 123,797 3,955,164 SH   SOLE   3,955,043 0 121
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 93,703 1,747,873 SH   SOLE   1,747,855 0 18
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 317,661 10,677,678 SH   SOLE   10,677,220 0 458
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 184,206 6,065,395 SH   SOLE   6,065,164 0 231
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 134,823 5,622,361 SH   SOLE   5,622,117 0 244
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 223,505 8,355,314 SH   SOLE   8,354,966 0 348
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 136,121 4,880,637 SH   SOLE   4,880,423 0 214
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 11,080 289,374 SH   SOLE   289,374 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 450,538 9,136,853 SH   SOLE   9,136,676 0 177
SCHWAB STRATEGIC TR US REIT ETF 808524847 156,644 4,312,887 SH   SOLE   4,312,803 0 84
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 207,191 3,604,575 SH   SOLE   3,604,488 0 87
SCHWAB STRATEGIC TR US TIPS ETF 808524870 21,877 403,554 SH   SOLE   403,554 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 109,071 1,426,142 SH   SOLE   1,425,981 0 161
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 107,139 4,394,534 SH   SOLE   4,394,042 0 492
SPDR INDEX SHS FDS S&P GLBDIV ETF 78463X459 898 13,934 SH   SOLE   13,934 0 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 7,150 172,421 SH   SOLE   172,421 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 44,802 1,165,795 SH   SOLE   1,165,696 0 99
SPDR SERIES TRUST DJ REIT ETF 78464A607 111,688 1,323,634 SH   SOLE   1,323,440 0 194
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 45,199 1,330,677 SH   SOLE   1,330,663 0 14
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 26,293 1,108,457 SH   SOLE   1,108,457 0 0
SPDR SERIES TRUST NUVN CALI MUNI 78464A441 10,780 456,468 SH   SOLE   456,468 0 0
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 5,873 135,358 SH   SOLE   135,358 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 73,694 1,407,172 SH   SOLE   1,407,144 0 28
VANGUARD INDEX FDS REIT ETF 922908553 273 3,659 SH   SOLE   3,659 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 57,802 1,042,223 SH   SOLE   1,042,186 0 37
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 491,311 9,299,844 SH   SOLE   9,298,984 0 860
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 367,011 9,256,265 SH   SOLE   9,254,614 0 1,651
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 1,061 13,796 SH   SOLE   13,796 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 2,449 36,378 SH   SOLE   36,378 0 0