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 6,736 313,280 SH   SOLE N/A 313,280 0 0
ISHARES TR 20 YR TR BD ETF 464287432 5,520 42,289 SH   SOLE N/A 42,289 0 0
ISHARES TR CORE MSCI EAFE 46432F842 26,345 495,774 SH   SOLE N/A 495,774 0 0
ISHARES TR CORE S&P500 ETF 464287200 110,741 535,888 SH   SOLE N/A 535,888 0 0
ISHARES TR CORE US AGGBD ET 464287226 3,115 28,106 SH   SOLE N/A 28,106 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 3,905 154,573 SH   SOLE N/A 154,573 0 0
ISHARES TR IBOXX HI YD ETF 464288513 16,022 196,129 SH   SOLE N/A 196,129 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,759 514,141 SH   SOLE N/A 514,141 0 0
ISHARES TR NA NAT RES 464287374 43,251 1,454,779 SH   SOLE N/A 1,454,779 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 14,110 127,552 SH   SOLE N/A 127,552 0 0
ISHARES TR S&P MC 400GR ETF 464287606 4,337 26,669 SH   SOLE N/A 26,669 0 0
ISHARES TR TIPS BD ETF 464287176 12,234 106,719 SH   SOLE N/A 106,719 0 0
ISHARES TR U.S. REAL ES ETF 464287739 8,349 107,227 SH   SOLE N/A 107,227 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 325,409 9,501,000 SH Put SOLE N/A 9,501,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 241,952 4,232,900 SH Put SOLE N/A 4,232,900 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 6,358 1,596,662 SH   SOLE N/A 1,596,662 0 0
SUN CMNTYS INC COM 866674104 13,944 194,727 SH   SOLE N/A 194,727 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 27,128 497,392 SH   SOLE N/A 497,392 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 23,123 668,678 SH   SOLE N/A 668,678 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,224 229,343 SH   SOLE N/A 229,343 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,325 25,527 SH   SOLE N/A 25,527 0 0