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
GATOS SILVER INC COM 368036109 72,167 6,205,259 SH   SOLE   6,205,259 0 0
INVESCO SP SMALLCAP 600 QVM COM 46138G565 48,950 2,013,462 SH   SOLE   2,013,462 0 0
INVESCO SP MIDCAP 400 QVM M COM 46138G573 196,433 8,042,641 SH   SOLE   8,042,641 0 0
INVESCO SP 500 QVM MULTIFA COM 46138G581 756,066 30,059,406 SH   SOLE   30,059,406 0 0
ISHARES JP MORGAN EM LOCAL C COM 464286517 50,237 1,185,958 SH   SOLE   1,185,958 0 0
ISHARES CORE SP 500 ETF COM 464287200 1,044,705 2,424,923 SH   SOLE   2,424,923 0 0
ISHARES CORE SP 500 ETF COM 464287200 270,446 627,746 SH   SOLE   627,746 0 0
ISHARES 20 YEAR TREASURY BO COM 464287432 225,315 1,561,218 SH   SOLE   1,561,218 0 0
ISHARES CORE SP MIDCAP ETF COM 464287507 52,807 200,734 SH   SOLE   200,734 0 0
ISHARES CORE SP MIDCAP ETF COM 464287507 181,583 690,246 SH   SOLE   690,246 0 0
ISHARES CORE SP SMALLCAP E COM 464287804 27,965 256,113 SH   SOLE   256,113 0 0
ISHARES JP MORGAN USD EMERGI COM 464288281 302,309 2,746,761 SH   SOLE   2,746,761 0 0
ISHARES MBS ETF COM 464288588 5,627 52,035 SH   SOLE   52,035 0 0
ISHARES MBS ETF COM 464288588 3,205 29,636 SH   SOLE   29,636 0 0
ISHARES MBS ETF COM 464288588 53,005 490,154 SH   SOLE   490,154 0 0
ISHARES MBS ETF COM 464288588 11,121 102,837 SH   SOLE   102,837 0 0
ISHARES 05 YEAR TIPS BOND E COM 46429B747 5,286 50,043 SH   SOLE   50,043 0 0
ISHARES 05 YEAR TIPS BOND E COM 46429B747 7,975 75,500 SH   SOLE   75,500 0 0
ISHARES 05 YEAR TIPS BOND E COM 46429B747 22,029 208,553 SH   SOLE   208,553 0 0
ISHARES CORE MSCI EMERGING COM 46434G103 390,961 6,330,323 SH   SOLE   6,330,323 0 0
ISHARES MSCI GLOBAL METALS COM 46434G848 65,735 1,611,938 SH   SOLE   1,611,938 0 0
ISHARES MSCI GLOBAL GOLD MIN COM 46434G855 24,043 977,753 SH   SOLE   977,753 0 0
ISHARES MSCI GLOBAL GOLD MIN COM 46434G855 36,745 1,494,321 SH   SOLE   1,494,321 0 0
ISHARES BB RATED CORP BOND COM 46435U473 2,827 53,991 SH   SOLE   53,991 0 0
ISHARES BB RATED CORP BOND COM 46435U473 9,967 190,337 SH   SOLE   190,337 0 0
JPMORGAN BETABUILDERS JAPAN COM 46641Q217 240,572 4,095,539 SH   SOLE   4,095,539 0 0
SPDR PORT INT CORP BOND ETF COM 78464A375 6,478 177,379 SH   SOLE   177,379 0 0
SPDR BBG BARC EM LOCAL BOND COM 78464A391 127,929 5,056,479 SH   SOLE   5,056,479 0 0
SPDR PORT SHRT TRM CORP BND COM 78464A474 6,409 205,085 SH   SOLE   205,085 0 0
SPDR PORT LNG TRM TRSRY COM 78464A664 4,780 115,773 SH   SOLE   115,773 0 0
SPDR PORT INT TREASURY TERM COM 78464A672 676,079 20,924,766 SH   SOLE   20,924,766 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 9,006 294,011 SH   SOLE   294,011 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 6,410 209,271 SH   SOLE   209,271 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 723,026 23,605,144 SH   SOLE   23,605,144 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 9,950 324,834 SH   SOLE   324,834 0 0
SPDR BLOOMBERG BARCLAYS EMER COM 78468R515 176,848 5,862,595 SH   SOLE   5,862,595 0 0
SPDR BLOOMBERG BARCLAYS EMER COM 78468R515 1,383 45,853 SH   SOLE   45,853 0 0
ENERGY SELECT SECTOR SPDR COM 81369Y506 20,122 386,298 SH   SOLE   386,298 0 0
VANGUARD FTSE EUROPE ETF COM 922042874 294 4,486 SH   SOLE   4,486 0 0
VANGUARD SHORTTERM TREASURY COM 92206C102 109,946 1,790,364 SH   SOLE   1,790,364 0 0