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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 5,468 225,652 SH   SOLE N/A 225,652 0 0
ISHARES MSCI MEX CAP ETF 464286822 685 15,588 SH   SOLE N/A 15,588 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 5,706 364,144 SH   SOLE N/A 364,144 0 0
ISHARES TR 20 YR TR BD ETF 464287432 13,182 110,677 SH   SOLE N/A 110,677 0 0
ISHARES TR CORE MSCI EAFE 46432F842 22,492 419,393 SH   SOLE N/A 419,393 0 0
ISHARES TR CORE S&P500 ETF 464287200 50,691 225,304 SH   SOLE N/A 225,304 0 0
ISHARES TR CORE US AGGBD ET 464287226 15,587 144,248 SH   SOLE N/A 144,248 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 3,416 122,867 SH   SOLE N/A 122,867 0 0
ISHARES TR IBOXX HI YD ETF 464288513 16,175 186,887 SH   SOLE N/A 186,887 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,693 63,964 SH   SOLE N/A 63,964 0 0
ISHARES TR MSCI INDIA ETF 46429B598 730 27,237 SH   SOLE N/A 27,237 0 0
ISHARES TR NA NAT RES 464287374 3,070 85,407 SH   SOLE N/A 85,407 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 10,474 77,671 SH   SOLE N/A 77,671 0 0
ISHARES TR S&P MC 400GR ETF 464287606 3,427 18,809 SH   SOLE N/A 18,809 0 0
ISHARES TR TIPS BD ETF 464287176 9,615 84,959 SH   SOLE N/A 84,959 0 0
ISHARES TR U.S. REAL ES ETF 464287739 6,220 80,839 SH   SOLE N/A 80,839 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 147,541 2,555,700 SH Put SOLE N/A 2,555,700 0 0
ISHARES TR MSCI EAFE ETF 464287465 134,361 3,837,800 SH Put SOLE N/A 3,837,800 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 912 43,000 SH   SOLE N/A 43,000 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 10,491 293,208 SH   SOLE N/A 293,208 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 6,315 172,835 SH   SOLE N/A 172,835 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,112 19,370 SH   SOLE N/A 19,370 0 0