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 73936Q546 12,848 377,002 SH   SOLE NONE 878,622 0 0
FLEXSHARES TR MORNSTAR UPSTR 33939L407 93,806 2,879,244 SH   SOLE NONE 5,965,296 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 35,832 1,166,407 SH   SOLE NONE 517,376 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 59,833 1,963,030 SH   SOLE NONE 1,596,960 0 0
ISHARES INC EM HGHYL BD ETF 464286285 16,417 334,485 SH   SOLE NONE 1,460,887 0 0
ISHARES INC MIN VOL GBL ETF 464286525 54,982 655,956 SH   SOLE NONE 655,956 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 35,957 2,333,352 SH   SOLE NONE 1,084,835 0 0
ISHARES TR CORE US AGGRD ET 464287226 94,232 878,622 SH   SOLE NONE 1,859,353 0 0
ISHARES TR JPMORGAN USD EMG 464288281 99,542 882,310 SH   SOLE NONE 882,310 0 0
ISHARES TR GLB INFRASTR ETF 464288372 85,280 1,990,192 SH   SOLE NONE 334,485 0 0
ISHARES TR MICRO-CAP ETF 464288869 65,050 677,248 SH   SOLE NONE 2,363,070 0 0
ISHARES TR S&P US PFD STK 464288687 117,286 3,122,629 SH   SOLE NONE 2,708,905 0 0
ISHARES TR TIPS BD ETF 464287176 94,381 834,862 SH   SOLE NONE 927,455 0 0
ISHARES TR GL TIMB FORE ETF 464288174 16,446 210,011 SH   SOLE NONE 2,879,244 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 31,572 1,859,353 SH   SOLE NONE 1,990,192 0 0
POWERSHARES ETF TR II GBL WTR PORT 73936T623 7,459 291,611 SH   SOLE NONE 502,036 0 0
POWERSHARES ETF TRUST WATER RES PORT 73935X575 26,531 870,733 SH   SOLE NONE 677,248 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 137,977 5,965,296 SH   SOLE NONE 2,174,670 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 19,744 1,084,835 SH   SOLE NONE 1,358,676 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 44,870 927,455 SH   SOLE NONE 3,122,629 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 80,361 2,008,013 SH   SOLE NONE 870,733 0 0
SPDR SERIES TRUST BLOMBERG INTL ETF 78464A516 47,126 1,596,960 SH   SOLE NONE 291,611 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 75,469 1,460,887 SH   SOLE NONE 1,963,030 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 77,962 2,174,670 SH   SOLE NONE 2,008,013 0 0
SPDR SERIES TRUST CITI INT GVT ETF 78464A490 40,729 683,944 SH   SOLE NONE 1,166,407 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 46,316 2,363,070 SH   SOLE NONE 2,333,352 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 59,542 2,708,905 SH   SOLE NONE 834,862 0 0
VANECK VECTORS ETF TR INTL HIGH YIELD 92189F445 12,797 502,036 SH   SOLE NONE 883,940 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 83,990 1,358,676 SH   SOLE NONE 1,461,475 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 28,316 517,376 SH   SOLE NONE 1,071,169 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 129,868 883,940 SH   SOLE NONE 840,843 0 0
VANGUARD INDEX FDS REIT ETF 922908553 80,841 1,071,169 SH   SOLE NONE 683,944 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 100,262 840,843 SH   SOLE NONE 210,011 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 75,412 1,461,475 SH   SOLE NONE 377,002 0 0