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
DBX ETF TR MSCI EUROZONE HD 233051697 3,590 117,564 SH   SOLE   117,564 0 0
ISHARES MSCI EURO FL ETF 464289180 8,665 369,025 SH   SOLE   369,025 0 0
ISHARES GOLD TRUST ISHARES 464285105 6,177 501,812 SH   SOLE   501,812 0 0
ISHARES INC CORE MSCI EMKT 46434G103 15,782 292,155 SH   SOLE   292,155 0 0
ISHARES TR CUR HD EURZN ETF 46434V639 6,610 219,529 SH   SOLE   219,529 0 0
ISHARES TR EXPONENTIAL TECH 46434V381 8,437 245,614 SH   SOLE   245,614 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 5,963 193,539 SH   SOLE   193,539 0 0
ISHARES TR IBOXX HI YD ETF 464288513 6,118 68,930 SH   SOLE   68,930 0 0
ISHARES TR JPMORGAN USD EMG 464288281 14,813 127,240 SH   SOLE   127,240 0 0
ISHARES TR NASDAQ BIOTECH 464287556 7,081 21,226 SH   SOLE   21,226 0 0
ISHARES TR S&P US PFD STK 464288687 12,271 316,170 SH   SOLE   316,170 0 0
ISHARES TR US AER DEF ETF 464288760 4,350 24,433 SH   SOLE   24,433 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 6,695 97,771 SH   SOLE   97,771 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 10,657 412,104 SH   SOLE   412,104 0 0
VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 9,785 322,824 SH   SOLE   322,824 0 0