McCutchen 13F-HR Quarterly holdings report by institutional manager

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

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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
ISHARES INC	CORE MSCI EMKT	46434G103	17,604	285,039	SH		SOLE		0	0	285,039
ISHARES TR	COHEN STEER REIT	464287564	1,706	26,071	SH		SOLE		0	0	26,071
ISHARES TR	CORE MSCI EAFE	46432F842	17,272	232,620	SH		SOLE		0	0	232,620
ISHARES TR	CORE MSCI TOTAL	46432F834	16,936	238,531	SH		SOLE		0	0	238,531
ISHARES TR	CORE S&P500 ETF	464287200	1,586	3,682	SH		SOLE		0	0	3,682
ISHARES TR	CRE U S REIT ETF	464288521	41,782	712,394	SH		SOLE		0	0	712,394
ISHARES TR	MSCI EAFE ETF	464287465	10,109	129,585	SH		SOLE		0	0	129,585
ISHARES TR	MSCI EMG MKT ETF	464287234	6,185	122,760	SH		SOLE		0	0	122,760
ISHARES TR	RUS 1000 ETF	464287622	3,899	16,133	SH		SOLE		0	0	16,133
ISHARES TR	RUSSELL 2000 ETF	464287655	362	1,655	SH		SOLE		0	0	1,655
ISHARES TR	RUSSELL 3000 ETF	464287689	38,532	151,194	SH		SOLE		0	0	151,194
ISHARES TR	U.S. REAL ES ETF	464287739	18,475	180,438	SH		SOLE		0	0	180,438
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	251	2,417	SH		SOLE		0	0	2,417
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	223	2,228	SH		SOLE		0	0	2,228
SPDR GOLD TR	GOLD SHS	78463V107	1,128	6,870	SH		SOLE		0	0	6,870
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,144	2,665	SH		SOLE		0	0	2,665
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	10,353	126,344	SH		SOLE		0	0	126,344
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	9,914	116,023	SH		SOLE		0	0	116,023
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,062	5,286	SH		SOLE		0	0	5,286
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	47,240	464,139	SH		SOLE		0	0	464,139
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	55,551	250,162	SH		SOLE		0	0	250,162
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	71,110	1,166,509	SH		SOLE		0	0	1,166,509
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	23,218	464,275	SH		SOLE		0	0	464,275
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	41,751	826,912	SH		SOLE		0	0	826,912