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
ISHARES INC MSCI JPN ETF NEW 46434G822 1,804 30,097 SH   SOLE N/A 30,097 0 0
ISHARES INC MSCI MEXICO ETF 464286822 432 8,769 SH   SOLE N/A 8,769 0 0
ISHARES TR 20 YR TR BD ETF 464287432 3,608 28,436 SH   SOLE N/A 28,436 0 0
ISHARES TR CORE MSCI EURO 46434V738 528 10,530 SH   SOLE N/A 10,530 0 0
ISHARES TR CORE S&P500 ETF 464287200 8,630 32,100 SH   SOLE N/A 32,100 0 0
ISHARES TR CORE US AGGBD ET 464287226 5,142 47,031 SH   SOLE N/A 47,031 0 0
ISHARES TR IBOXX HI YD ETF 464288513 7,108 81,461 SH   SOLE N/A 81,461 0 0
ISHARES TR MSCI INDIA ETF 46429B598 430 11,915 SH   SOLE N/A 11,915 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5,744 37,675 SH   SOLE N/A 37,675 0 0
ISHARES TR S&P MC 400GR ETF 464287606 1,675 7,763 SH   SOLE N/A 7,763 0 0
ISHARES TR TIPS BD ETF 464287176 5,207 45,644 SH   SOLE N/A 45,644 0 0
ISHARES TR U.S. REAL ES ETF 464287739 2,858 35,281 SH   SOLE N/A 35,281 0 0
ISHARES TR MSCI EAFE ETF 464287465 203,899 2,900,000 SH Put SOLE N/A 2,900,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 146,072 3,100,000 SH Put SOLE N/A 3,100,000 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 2,116 42,210 SH   SOLE N/A 42,210 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,106 89,442 SH   SOLE N/A 89,442 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 3,493 77,869 SH   SOLE N/A 77,869 0 0