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
Estimated average burden
hours per response: 23.8
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
INVESCO DB COMMDY INDX TRCK UNIT ETF 46138B103 9,911 658,987 SH   SOLE   658,987 0 0
POWERSHARES SENIOR LOAN ETF 46138G508 1,045 46,260 SH   SOLE   46,260 0 0
ISHARES GOLD TRUST ISHARES ETF 464285105 10,476 742,964 SH   SOLE   742,964 0 0
ISHARES INC MSCI PAC JP ETF ETF 464286665 14,337 320,521 SH   SOLE   320,521 0 0
ISHARES INC MSCI STH KOR ETF ETF 464286772 1,309 23,234 SH   SOLE   23,234 0 0
ISHARES INC MSCI GERMANY ETF ETF 464286806 512 19,040 SH   SOLE   19,040 0 0
ISHARES INC MSCI MEXICO ETF ETF 464286822 12,626 295,553 SH   SOLE   295,553 0 0
ISHARES TR TIPS BD ETF ETF 464287176 9,889 85,040 SH   SOLE   85,040 0 0
ISHARES TR CHINA LG-CAP ETF ETF 464287184 1,297 32,577 SH   SOLE   32,577 0 0
ISHARES TR IBOXX INV CP ETF ETF 464287242 27,386 214,828 SH   SOLE   214,828 0 0
ISHARES TR GLOB COMM SVC ETF ETF 464287275 253 4,410 SH   SOLE   4,410 0 0
ISHARES TR GLOB HLTHCRE ETF ETF 464287325 470 7,696 SH   SOLE   7,696 0 0
ISHARES TR 20 YR TR BD ETF ETF 464287432 6,616 46,242 SH   SOLE   46,242 0 0
ISHARES TR BARCLAYS 7 10 YR ETF 464287440 16,807 149,432 SH   SOLE   149,432 0 0
ISHARES TR U.S. REAL ES ETF ETF 464287739 7,236 77,358 SH   SOLE   77,358 0 0
ISHARES TR INTL TREA BD ETF ETF 464288117 7,195 142,552 SH   SOLE   142,552 0 0
ISHARES TR GL TIMB FORE ETF ETF 464288174 580 9,885 SH   SOLE   9,885 0 0
ISHARES TR JPMORGAN USD EMG ETF 464288281 3,098 27,327 SH   SOLE   27,327 0 0
ISHARES TR GLB INFRASTR ETF ETF 464288372 3,585 77,144 SH   SOLE   77,144 0 0
ISHARES TR IBOXX HI YD ETF ETF 464288513 2,074 23,788 SH   SOLE   23,788 0 0
ISHARES TR MBS ETF ETF 464288588 19,149 176,812 SH   SOLE   176,812 0 0
ISHARES TR SH TR CRPORT ETF ETF 464288646 10,155 189,220 SH   SOLE   189,220 0 0
ISHARES TR S&P US PFD STK ETF 464288687 1,939 51,673 SH   SOLE   51,673 0 0
ISHARES TR GLOB CNSM STP ETF ETF 464288737 373 6,812 SH   SOLE   6,812 0 0
ISHARES SILVER TRUST ISHARES ETF 46428Q109 2,248 141,228 SH   SOLE   141,228 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT ETF 46428R107 2 162 SH   SOLE   162 0 0
ISHARES INC CORE MSCI EMKT ETF 46434G103 248 5,061 SH   SOLE   5,061 0 0
ISHARES INC MSCI TAIWAN ETF ETF 46434G772 569 15,641 SH   SOLE   15,641 0 0
ISHARES INC MSCI JPN ETF NEW ETF 46434G822 42,349 746,378 SH   SOLE   746,378 0 0
SPDR INDEX SHS FDS EURO STOXX 50 ETF 78463X202 14,653 388,264 SH   SOLE   388,264 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF ETF 78463X863 365 9,245 SH   SOLE   9,245 0 0
SPDR SERIES TRUST PRTFLO S&P 500 GW ETF 78464A409 7 171 SH   SOLE   171 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS ETF 78464A417 25,334 937,941 SH   SOLE   937,941 0 0
SPDR SERIES TRUST PORTFOLIO SHORT ETF 78464A474 1,652 53,552 SH   SOLE   53,552 0 0
SPDR SERIES TRUST PRTFLO S&P 500 VL ETF 78464A508 25,498 797,809 SH   SOLE   797,809 0 0
SPDR SERIES TRUST BLOOMBERG INTL TR ETF 78464A516 5,375 187,270 SH   SOLE   187,270 0 0
SPDR SERIES TRUST PORTFOLIO AGRGTE ETF 78464A649 27,148 915,941 SH   SOLE   915,941 0 0
SPDR SERIES TRUST PORTFOLIO LN TSR ETF 78464A664 423 10,312 SH   SOLE   10,312 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN ETF 78467V608 11,573 249,853 SH   SOLE   249,853 0 0
REAL ESTATE SELECT SECT SPDR ETF 81369Y860 10,456 265,783 SH   SOLE   265,783 0 0
VANECK VECTORS ETF TR INTL HIGH YIELD ETF 92189F445 828 33,846 SH   SOLE   33,846 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS ETF 92189F494 2,820 85,460 SH   SOLE   85,460 0 0
VANGUARD MALVERN FDS STRM INFPROIDX ETF 922020805 8,399 171,226 SH   SOLE   171,226 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF ETF 922042858 8,971 222,839 SH   SOLE   222,839 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF ETF 922042866 5,386 81,551 SH   SOLE   81,551 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF ETF 922042874 29,641 552,901 SH   SOLE   552,901 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS ETF 92206C706 1,361 20,415 SH   SOLE   20,415 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC ETF 92206C771 9,001 168,996 SH   SOLE   168,996 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP ETF 922908512 30,495 269,870 SH   SOLE   269,870 0 0
VANGUARD INDEX FDS SML CP GRW ETF ETF 922908595 2 10 SH   SOLE   10 0 0
VANGUARD INDEX FDS SM CP VAL ETF ETF 922908611 478 3,710 SH   SOLE   3,710 0 0
VANGUARD INDEX FDS VALUE ETF ETF 922908744 28,965 259,497 SH   SOLE   259,497 0 0
WISDOMTREE TR INDIA ERNGS FD ETF 97717W422 12,853 538,926 SH   SOLE   538,926 0 0