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 79,944 3,065,347 SH   SOLE   3,065,347 0 0
DIREXION SHS ETF TR ZACKS HG INC SHS 25459Y298 202 9,425 SH   SOLE   9,425 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 9,847 177,966 SH   SOLE   177,966 0 0
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 113,111 4,594,262 SH   SOLE   4,594,091 0 171
GLOBAL X FDS GLBL X MLP ETF 37950E473 1,464 135,332 SH   SOLE   135,332 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 166,471 9,003,325 SH   SOLE   9,003,132 0 193
ISHARES GOLD TRUST ISHARES 464285105 202,978 18,829,194 SH   SOLE   18,828,952 0 242
ISHARES INC CORE MSCI EMKT 46434G103 46,181 1,157,716 SH   SOLE   1,157,716 0 0
ISHARES TR 0-5YR HI YL CP 46434V407 251,885 5,502,081 SH   SOLE   5,501,997 0 84
ISHARES TR 3-7 YR TR BD ETF 464288661 76,923 617,115 SH   SOLE   617,115 0 0
ISHARES TR AGENCY BOND ETF 464288166 56,971 499,571 SH   SOLE   499,555 0 16
ISHARES TR CALI AMT-FRE ETF 464288356 1,526 13,003 SH   SOLE   13,003 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 46,559 1,312,617 SH   SOLE   1,312,617 0 0
ISHARES TR CMBS ETF 46429B366 25,926 500,791 SH   SOLE   500,768 0 23
ISHARES TR EAFE SML CP ETF 464288273 96,461 2,019,277 SH   SOLE   2,019,277 0 0
ISHARES TR IBOXX INV CP ETF 464287242 115,279 993,013 SH   SOLE   992,946 0 67
ISHARES TR INTERM CR BD ETF 464288638 25,722 236,850 SH   SOLE   236,839 0 11
ISHARES TR MBS ETF 464288588 257 2,341 SH   SOLE   2,341 0 0
ISHARES TR MICRO-CAP ETF 464288869 43,792 627,836 SH   SOLE   627,836 0 0
ISHARES TR RUS 1000 ETF 464287622 350,181 3,271,187 SH   SOLE   3,271,187 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 121,326 1,111,047 SH   SOLE   1,111,047 0 0
ISHARES TR TIPS BD ETF 464287176 4,090 36,949 SH   SOLE   36,949 0 0
ISHARES TR U.S. PFD STK ETF 464288687 1,023 26,507 SH   SOLE   26,507 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 168,655 9,731,963 SH   SOLE   9,731,826 0 137
MARKET VECTORS ETF TR MKTVEC INTMUETF 57060U845 7,227 305,831 SH   SOLE   305,831 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 142,394 1,504,901 SH   SOLE   1,504,858 0 43
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 43,793 528,201 SH   SOLE   528,201 0 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 49,071 536,531 SH   SOLE   536,531 0 0
POWERSHARES GLOBAL ETF TRUST DEV MKTS EX-US 73936T789 42,825 1,198,247 SH   SOLE   1,198,247 0 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 16,435 1,142,937 SH   SOLE   1,142,937 0 0
POWERSHARES GLOBAL ETF TRUST EX US SML PORT 73936T771 25,197 995,540 SH   SOLE   995,540 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 30,017 2,361,648 SH   SOLE   2,361,648 0 0
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 61,693 5,435,487 SH   SOLE   5,435,487 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 55,470 2,656,624 SH   SOLE   2,656,624 0 0
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 117,782 5,824,987 SH   SOLE   5,824,914 0 73
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 384,489 14,047,826 SH   SOLE   14,047,724 0 102
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 145,073 5,083,176 SH   SOLE   5,083,118 0 58
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 116,845 2,143,940 SH   SOLE   2,143,833 0 107
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 384,222 14,089,539 SH   SOLE   14,089,313 0 226
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 193,397 7,107,553 SH   SOLE   7,107,435 0 118
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 153,020 8,032,524 SH   SOLE   8,032,402 0 122
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 251,885 10,610,140 SH   SOLE   10,609,976 0 164
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 155,937 6,107,996 SH   SOLE   6,107,889 0 107
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 17,115 476,091 SH   SOLE   476,091 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 449,597 9,825,116 SH   SOLE   9,825,029 0 87
SCHWAB STRATEGIC TR US REIT ETF 808524847 199,146 5,354,828 SH   SOLE   5,354,704 0 124
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 207,284 4,081,186 SH   SOLE   4,081,142 0 44
SCHWAB STRATEGIC TR US TIPS ETF 808524870 29,787 555,004 SH   SOLE   554,959 0 45
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 105,371 1,418,944 SH   SOLE   1,418,944 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 99,832 4,405,642 SH   SOLE   4,405,642 0 0
SPDR INDEX SHS FDS S&P GLBDIV ETF 78463X459 831 14,158 SH   SOLE   14,158 0 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 9,669 284,708 SH   SOLE   284,708 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 80,942 2,269,842 SH   SOLE   2,269,728 0 114
SPDR SERIES TRUST DJ REIT ETF 78464A607 115,952 1,345,624 SH   SOLE   1,345,624 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 66,405 1,955,950 SH   SOLE   1,955,936 0 14
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 39,347 1,631,960 SH   SOLE   1,631,960 0 0
SPDR SERIES TRUST NUVN CALI MUNI 78464A441 16,927 704,408 SH   SOLE   704,408 0 0
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 7,238 165,253 SH   SOLE   165,253 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 107,219 2,025,693 SH   SOLE   2,025,665 0 28
VANGUARD INDEX FDS REIT ETF 922908553 959 12,695 SH   SOLE   12,695 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 59,162 336,703 SH   SOLE   336,703 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 24,875 230,427 SH   SOLE   230,427 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 5,090 56,120 SH   SOLE   56,120 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 78,566 1,541,416 SH   SOLE   1,541,396 0 20
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 545,622 10,225,310 SH   SOLE   10,225,087 0 223
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 377,903 10,603,336 SH   SOLE   10,603,336 0 0
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 41,705 562,143 SH   SOLE   562,143 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 1,033 16,482 SH   SOLE   16,482 0 0