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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 CORE MSCI EMKT 46434G103 11,847 202,854 SH   SOLE   202,854 0 0
ISHARES INC MSCI JAPN SMCETF 464286582 2,780 33,945 SH   SOLE   33,945 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 9,175 151,196 SH   SOLE   151,196 0 0
ISHARES INC MSCI PAC JP ETF 464286665 3,521 75,790 SH   SOLE   75,790 0 0
ISHARES TR CUR HD EURZN ETF 46434V639 3,793 129,266 SH   SOLE   129,266 0 0
ISHARES TR EXPONENTIAL TECH 46434V381 8,621 236,779 SH   SOLE   236,779 0 0
ISHARES TR JPMORGAN USD EMG 464288281 7,066 62,628 SH   SOLE   62,628 0 0
ISHARES TR S&P US PFD STK 464288687 5,455 145,228 SH   SOLE   145,228 0 0
ISHARES TR US AER DEF ETF 464288760 4,690 23,690 SH   SOLE   23,690 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 10,118 150,095 SH   SOLE   150,095 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 11,053 400,907 SH   SOLE   400,907 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,684 52,000 SH   SOLE   52,000 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 3,939 63,726 SH   SOLE   63,726 0 0
VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 2,222 76,474 SH   SOLE   76,474 0 0