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 59,196 2,317,788 SH   SOLE   2,317,788 0 0
DIREXION SHS ETF TR ZACKS HG INC SHS 25459Y298 207 13,247 SH   SOLE   13,247 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 25,211 425,289 SH   SOLE   425,289 0 0
FLEXSHARES TR IBOXX 5YR TRGT 33939L605 193,093 7,638,150 SH   SOLE   7,638,150 0 0
FLEXSHARES TR INTL QLTDV IDX 33939L837 713 32,281 SH   SOLE   32,281 0 0
GLOBAL X FDS GLBL X MLP ETF 37950E473 4,407 451,557 SH   SOLE   451,557 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 181,279 9,933,095 SH   SOLE   9,933,095 0 0
ISHARES GOLD TRUST ISHARES 464285105 263,324 22,165,384 SH   SOLE   22,164,467 0 917
ISHARES INC CORE MSCI EMKT 46434G103 152,859 3,672,726 SH   SOLE   3,672,726 0 0
ISHARES TR 0-5YR HI YL CP 46434V407 409,991 9,104,838 SH   SOLE   9,104,486 0 352
ISHARES TR 3-7 YR TR BD ETF 464288661 33,511 266,065 SH   SOLE   266,065 0 0
ISHARES TR AGENCY BOND ETF 464288166 57,545 500,914 SH   SOLE   500,914 0 0
ISHARES TR CALIF MUN BD ETF 464288356 1,337 11,207 SH   SOLE   11,207 0 0
ISHARES TR CMBS ETF 46429B366 27,211 523,075 SH   SOLE   523,075 0 0
ISHARES TR EAFE SML CP ETF 464288273 104,040 2,089,172 SH   SOLE   2,089,172 0 0
ISHARES TR IBOXX INV CP ETF 464287242 123,108 1,036,089 SH   SOLE   1,036,089 0 0
ISHARES TR INTERM CR BD ETF 464288638 27,215 248,110 SH   SOLE   248,110 0 0
ISHARES TR INTL TREA BD ETF 464288117 213 2,188 SH   SOLE   2,188 0 0
ISHARES TR MICRO-CAP ETF 464288869 45,132 664,477 SH   SOLE   664,477 0 0
ISHARES TR RUS 1000 ETF 464287622 450,095 3,945,785 SH   SOLE   3,945,785 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 132,777 1,200,187 SH   SOLE   1,200,187 0 0
ISHARES TR TIPS BD ETF 464287176 4,586 40,010 SH   SOLE   40,010 0 0
ISHARES TR U.S. PFD STK ETF 464288687 817 20,944 SH   SOLE   20,944 0 0
ISHARES TR USA MIN VOL ETF 46429B697 43,174 982,793 SH   SOLE   982,793 0 0
MARKET VECTORS ETF TR JP MORGAN EM LC 57060U522 306,390 16,481,476 SH   SOLE   16,480,760 0 716
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 148,283 1,595,125 SH   SOLE   1,595,125 0 0
POWERSHARES ACT MANG COMM FD DB OPT YLD DIV 73937V106 185,495 12,037,331 SH   SOLE   12,037,331 0 0
POWERSHARES ETF TR II DEV MKTS EX-US 73936T789 41,047 1,160,841 SH   SOLE   1,160,841 0 0
POWERSHARES ETF TR II EMER MRKT PORT 73936T763 41,957 2,693,001 SH   SOLE   2,693,001 0 0
POWERSHARES ETF TR II EX US SML PORT 73936T771 36,461 1,393,783 SH   SOLE   1,393,782 0 1
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 86,731 983,903 SH   SOLE   983,903 0 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 37,951 402,236 SH   SOLE   402,236 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,488 65,497 SH   SOLE   65,497 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 203 1,856 SH   SOLE   1,856 0 0
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 262,680 12,647,069 SH   SOLE   12,646,675 0 394
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 501,228 18,488,680 SH   SOLE   18,488,329 0 351
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 181,584 6,272,312 SH   SOLE   6,272,107 0 205
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 120,587 2,183,351 SH   SOLE   2,183,316 0 35
SCHWAB STRATEGIC TR SCHWAB FDT US LG 808524771 604,752 20,507,005 SH   SOLE   20,506,209 0 796
SCHWAB STRATEGIC TR SCHWAB FDT US SC 808524763 362,410 12,627,530 SH   SOLE   12,627,031 0 499
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 279,569 13,486,206 SH   SOLE   13,485,638 0 568
SCHWAB STRATEGIC TR SCHWB FDT INT LG 808524755 435,509 18,406,994 SH   SOLE   18,406,328 0 666
SCHWAB STRATEGIC TR SCHWB FDT INT SC 808524748 249,463 9,311,794 SH   SOLE   9,311,414 0 380
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 45,886 1,144,586 SH   SOLE   1,144,586 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 646,721 13,241,618 SH   SOLE   13,241,289 0 329
SCHWAB STRATEGIC TR US REIT ETF 808524847 280,646 6,778,876 SH   SOLE   6,778,712 0 164
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 291,910 5,609,339 SH   SOLE   5,609,185 0 154
SCHWAB STRATEGIC TR US TIPS ETF 808524870 44,294 797,672 SH   SOLE   797,666 0 6
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 101,927 4,530,107 SH   SOLE   4,530,107 0 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 29,442 839,525 SH   SOLE   839,525 0 0
SPDR SER TR NUVN BRCLY MUNI 78468R721 54,568 1,106,024 SH   SOLE   1,106,024 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 74,962 2,188,647 SH   SOLE   2,188,647 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 130,113 1,367,455 SH   SOLE   1,367,455 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 100,881 2,943,707 SH   SOLE   2,943,637 0 70
SPDR SERIES TRUST NUVN CALI MUNI 78464A441 26,035 1,056,206 SH   SOLE   1,056,206 0 0
SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 18,368 407,548 SH   SOLE   407,548 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 163,136 2,991,129 SH   SOLE   2,991,023 0 106
VANGUARD INDEX FDS REIT ETF 922908553 3,379 40,325 SH   SOLE   40,325 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 78,565 416,656 SH   SOLE   416,656 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 37,244 334,059 SH   SOLE   334,059 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 32,393 346,899 SH   SOLE   346,899 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 126,918 2,371,853 SH   SOLE   2,371,775 0 78
VANGUARD MUN BD FD INC TAX-EXEMPT BD 922907746 13,718 266,629 SH   SOLE   266,629 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 271 3,127 SH   SOLE   3,127 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 618,837 11,573,529 SH   SOLE   11,573,382 0 147
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 406,197 11,320,977 SH   SOLE   11,320,977 0 0
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 47,620 618,883 SH   SOLE   618,883 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 2,065 29,914 SH   SOLE   29,914 0 0