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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
GLOBAL X FDS BETA ASIA EXJP 37954Y400 252 10,200 SH   SOLE   10,200 0 0
GLOBAL X FDS SCIEN BETA US 37954Y103 843 26,600 SH   SOLE   26,600 0 0
ISHARES INC MSCI PAC JP ETF 464286665 900 19,600 SH   SOLE   19,600 0 0
ISHARES TR EUROPE ETF 464287861 2,864 66,000 SH   SOLE   66,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,893 44,100 SH   SOLE   44,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 706 2,500 SH   SOLE   2,500 0 0
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 6,063 125,400 SH   SOLE   125,400 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 6,425 115,200 SH   SOLE   115,200 0 0