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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
GLOBAL X FDSBETA ASIA EXJP37954Y40025510,200SH SOLE 10,20000
GLOBAL X FDSSCIEN BETA US37954Y10378423,900SH SOLE 23,90000
ISHARES INCMSCI PAC JP ETF46428666553411,300SH SOLE 11,30000
ISHARES TREUROPE ETF4642878611,52034,500SH SOLE 34,50000
ISHARES TRMSCI EMG MKT ETF46428723486220,100SH SOLE 20,10000
SPDR S&P 500 ETF TRTR UNIT78462F1032,6088,900SH SOLE 8,90000
SSGA ACTIVE ETF TRSPDR TR TACTIC78467V8482,16944,200SH SOLE 44,20000
VANGUARD CHARLOTTE FDSINTL BD IDX ETF92203J4071,69629,600SH SOLE 29,60000