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 5,307 225,652 SH   SOLE N/A 225,652 0 0
ISHARES MSCI MEX CAP ETF 464286822 886 17,313 SH   SOLE N/A 17,313 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 5,245 353,944 SH   SOLE N/A 353,944 0 0
ISHARES TR 20 YR TR BD ETF 464287432 12,985 107,602 SH   SOLE N/A 107,602 0 0
ISHARES TR CORE MSCI EAFE 46432F842 24,304 419,393 SH   SOLE N/A 419,393 0 0
ISHARES TR CORE S&P500 ETF 464287200 37,100 156,364 SH   SOLE N/A 156,364 0 0
ISHARES TR CORE US AGGBD ET 464287226 13,399 123,504 SH   SOLE N/A 123,504 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 3,091 110,267 SH   SOLE N/A 110,267 0 0
ISHARES TR IBOXX HI YD ETF 464288513 14,599 166,309 SH   SOLE N/A 166,309 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,064 49,188 SH   SOLE N/A 49,188 0 0
ISHARES TR MSCI INDIA ETF 46429B598 858 27,237 SH   SOLE N/A 27,237 0 0
ISHARES TR NA NAT RES 464287374 1,696 49,493 SH   SOLE N/A 49,493 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 10,582 76,971 SH   SOLE N/A 76,971 0 0
ISHARES TR S&P MC 400GR ETF 464287606 3,190 16,709 SH   SOLE N/A 16,709 0 0
ISHARES TR TIPS BD ETF 464287176 9,465 82,559 SH   SOLE N/A 82,559 0 0
ISHARES TR U.S. REAL ES ETF 464287739 5,997 76,406 SH   SOLE N/A 76,406 0 0
ISHARES TR MSCI EAFE ETF 464287465 280,305 4,500,000 SH Put SOLE N/A 4,500,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 244,218 6,200,000 SH Put SOLE N/A 6,200,000 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 16,600 298,935 SH   SOLE N/A 298,935 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 740 35,800 SH   SOLE N/A 35,800 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 10,453 263,163 SH   SOLE N/A 263,163 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 6,458 164,335 SH   SOLE N/A 164,335 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,198 19,070 SH   SOLE N/A 19,070 0 0