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
CLAYMORE EXCHANGE TRD FD TR GUGG S&P GBL WTR 18383Q507 12,499 351,694 SH   SOLE NONE 351,694 0 0
FLEXSHARES TR MORNSTAR UPSTR 33939L407 104,322 3,133,748 SH   SOLE NONE 3,133,748 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 37,232 1,140,680 SH   SOLE NONE 1,140,680 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 58,246 1,913,468 SH   SOLE NONE 1,913,468 0 0
ISHARES INC EM HGHYL BD ETF 464286285 18,007 360,282 SH   SOLE NONE 360,282 0 0
ISHARES INC MIN VOL GBL ETF 464286525 48,653 577,008 SH   SOLE NONE 577,008 0 0
ISHARES TR TIPS BD ETF 464287176 75,301 660,072 SH   SOLE NONE 660,072 0 0
ISHARES TR CORE US AGGRD ET 464287226 75,114 687,040 SH   SOLE NONE 687,040 0 0
ISHARES TR GL TIMB FORE ETF 464288174 19,776 278,024 SH   SOLE NONE 278,024 0 0
ISHARES TR JPMORGAN USD EMG 464288281 95,355 821,321 SH   SOLE NONE 821,321 0 0
ISHARES TR GLB INFRASTR ETF 464288372 82,126 1,816,133 SH   SOLE NONE 1,816,133 0 0
ISHARES TR S&P US PFD STK 464288687 121,605 3,194,243 SH   SOLE NONE 3,194,243 0 0
ISHARES TR MICRO-CAP ETF 464288869 68,371 714,357 SH   SOLE NONE 714,357 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 34,463 2,155,277 SH   SOLE NONE 2,155,277 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 36,365 2,189,373 SH   SOLE NONE 2,189,373 0 0
POWERSHARES ETF TRUST WATER RES PORT 73935X575 26,235 866,691 SH   SOLE NONE 866,691 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 19,271 992,859 SH   SOLE NONE 992,859 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 172,042 7,467,114 SH   SOLE NONE 7,467,114 0 0
POWERSHARES ETF TR II GBL WTR PORT 73936T623 7,377 283,182 SH   SOLE NONE 283,182 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 45,356 924,312 SH   SOLE NONE 924,312 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 78,226 1,931,978 SH   SOLE NONE 1,931,978 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 80,106 1,583,124 SH   SOLE NONE 1,583,124 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 72,977 1,987,396 SH   SOLE NONE 1,987,396 0 0
SPDR SERIES TRUST CITI INT GVT ETF 78464A490 44,558 774,654 SH   SOLE NONE 774,654 0 0
SPDR SERIES TRUST BLOMBERG INTL ETF 78464A516 37,858 1,331,611 SH   SOLE NONE 1,331,611 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 50,598 2,177,209 SH   SOLE NONE 2,177,209 0 0
VANECK VECTORS ETF TR INTL HIGH YIELD 92189F445 7,045 274,818 SH   SOLE NONE 274,818 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 44,776 2,359,134 SH   SOLE NONE 2,359,134 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 85,784 1,392,602 SH   SOLE NONE 1,392,602 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 9,464 174,062 SH   SOLE NONE 174,062 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 106,152 890,316 SH   SOLE NONE 890,316 0 0
VANGUARD SCOTTSDALE FDS MORT-BACK SEC 92206C771 63,724 1,215,178 SH   SOLE NONE 1,215,178 0 0
VANGUARD INDEX FDS REIT ETF 922908553 65,127 784,854 SH   SOLE NONE 784,854 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 140,978 953,843 SH   SOLE NONE 953,843 0 0