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    <nameOfIssuer>3M CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88579Y101</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>G1151C101</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>00724F101</cusip>
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      <Sole>9329</Sole>
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      <None>0</None>
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    <nameOfIssuer>ALLIANCE BERNSTEIN INCOME FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>01881E101</cusip>
    <value>1679</value>
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      <Sole>217645</Sole>
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    <titleOfClass>COM</titleOfClass>
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    <value>672</value>
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      <sshPrnamt>2431</sshPrnamt>
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      <Sole>2431</Sole>
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      <None>0</None>
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    <nameOfIssuer>ALPHABET INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>02079K107</cusip>
    <value>930</value>
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      <sshPrnamt>1225</sshPrnamt>
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    <titleOfClass>COM</titleOfClass>
    <cusip>02209S103</cusip>
    <value>434</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>023135106</cusip>
    <value>437</value>
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      <Sole>647</Sole>
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    <nameOfIssuer>AMERICAN AIRLS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>02376R102</cusip>
    <value>629</value>
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      <Sole>14847</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>025816109</cusip>
    <value>563</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>031162100</cusip>
    <value>438</value>
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      <None>0</None>
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    <nameOfIssuer>APPLE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>037833100</cusip>
    <value>1312</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>04010L103</cusip>
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    <nameOfIssuer>ASML HOLDING NV</nameOfIssuer>
    <titleOfClass>DEPOSITORY RECEIPT</titleOfClass>
    <cusip>N07059210</cusip>
    <value>574</value>
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    <nameOfIssuer>AVAGO</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y0486S104</cusip>
    <value>765</value>
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      <sshPrnamt>5269</sshPrnamt>
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      <Sole>5269</Sole>
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    <nameOfIssuer>BARCLAYS BANK PLC</nameOfIssuer>
    <titleOfClass>ETN</titleOfClass>
    <cusip>06739H297</cusip>
    <value>407</value>
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      <Sole>20679</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>067383109</cusip>
    <value>798</value>
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      <sshPrnamt>4210</sshPrnamt>
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      <Sole>4210</Sole>
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      <None>0</None>
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    <nameOfIssuer>BED BATH and BEYOND INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>075896100</cusip>
    <value>395</value>
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      <sshPrnamt>8186</sshPrnamt>
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      <Sole>8186</Sole>
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    <nameOfIssuer>BERKSHIRE HATHAWAY INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>084670702</cusip>
    <value>8825</value>
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      <Sole>66838</Sole>
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      <None>0</None>
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    <nameOfIssuer>BIOGEN INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09062X103</cusip>
    <value>467</value>
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      <sshPrnamt>1525</sshPrnamt>
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      <Sole>1525</Sole>
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    <nameOfIssuer>BLOCK H and R INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>093671105</cusip>
    <value>382</value>
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      <sshPrnamt>11398</sshPrnamt>
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      <Sole>11398</Sole>
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    <nameOfIssuer>BOEING CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>097023105</cusip>
    <value>1077</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7448</sshPrnamt>
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    <votingAuthority>
      <Sole>7448</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>BROWN FORMAN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>115637209</cusip>
    <value>401</value>
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      <sshPrnamt>4040</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>4040</Sole>
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    <nameOfIssuer>CAPITAL ONE FINL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14040H105</cusip>
    <value>629</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8719</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>8719</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>CBS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>124857202</cusip>
    <value>363</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7695</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7695</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>CHECK POINT SOFTWARE TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>M22465104</cusip>
    <value>685</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8420</sshPrnamt>
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    <votingAuthority>
      <Sole>8420</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>CITIZENS FINL GROUP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>174610105</cusip>
    <value>10371</value>
    <shrsOrPrnAmt>
      <sshPrnamt>396009</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>396009</Sole>
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      <None>0</None>
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    <nameOfIssuer>COLONY CAPITAL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>19624R106</cusip>
    <value>11528</value>
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      <sshPrnamt>585588</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>585588</Sole>
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      <None>0</None>
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    <nameOfIssuer>CREDIT SUISSE X LINKS CUSHING MLP INFRASTRUCTURE ETNS 04/20/20</nameOfIssuer>
    <titleOfClass>ETN</titleOfClass>
    <cusip>22542D852</cusip>
    <value>1289</value>
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      <sshPrnamt>69250</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
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    <votingAuthority>
      <Sole>69250</Sole>
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      <None>0</None>
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    <nameOfIssuer>CVS HEALTH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>126650100</cusip>
    <value>416</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4255</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4255</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>D R HORTON INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23331A109</cusip>
    <value>725</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22628</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22628</Sole>
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      <None>0</None>
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    <nameOfIssuer>DAVITA HEALTHCARE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23918K108</cusip>
    <value>366</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5248</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>5248</Sole>
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      <None>0</None>
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    <nameOfIssuer>DB CRUDE OIL SHORT</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>25154K874</cusip>
    <value>1626</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17729</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17729</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>DELTA AIR LINES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>247361702</cusip>
    <value>9950</value>
    <shrsOrPrnAmt>
      <sshPrnamt>196292</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>196292</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>254709108</cusip>
    <value>642</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11977</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11977</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>DISH NETWORK CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25470M109</cusip>
    <value>565</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9889</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9889</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>DOW CHEM CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>260543103</cusip>
    <value>429</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8320</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>8320</Sole>
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      <None>0</None>
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    <nameOfIssuer>DU PONT E I DE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>263534109</cusip>
    <value>399</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5989</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5989</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>DUN and BRADSTREET</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26483E100</cusip>
    <value>390</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3755</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3755</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>EDGEWELL PERS CARE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>28035Q102</cusip>
    <value>366</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4667</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4667</Sole>
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      <None>0</None>
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    <nameOfIssuer>EDWARDS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>28176E108</cusip>
    <value>387</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>EQUIFAX INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>294429105</cusip>
    <value>450</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4045</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4045</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FACEBOOK INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30303M102</cusip>
    <value>421</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4022</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4022</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FEDEX CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31428X106</cusip>
    <value>363</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2433</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2433</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FINANCIAL SELECT SECTOR SPDR ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>81369Y605</cusip>
    <value>6983</value>
    <shrsOrPrnAmt>
      <sshPrnamt>293038</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>293038</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FLIR SYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>302445101</cusip>
    <value>363</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12915</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12915</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FLUOR CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>343412102</cusip>
    <value>396</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8383</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8383</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FMC CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>302491303</cusip>
    <value>380</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9715</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9715</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GENERAL DYNAMICS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>369550108</cusip>
    <value>395</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2878</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2878</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>375558103</cusip>
    <value>714</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7058</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7058</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GOLDMAN SACHS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>38141G104</cusip>
    <value>666</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3697</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3697</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GOODYEAR TIRE and</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>382550101</cusip>
    <value>440</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13456</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13456</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GUGGENHEIM/BEACON SPIN-OFF ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>18383M605</cusip>
    <value>5756</value>
    <shrsOrPrnAmt>
      <sshPrnamt>149743</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>149743</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GUGGENHEIM/SABRIENT INSIDER ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>18383M209</cusip>
    <value>5030</value>
    <shrsOrPrnAmt>
      <sshPrnamt>108086</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>108086</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HALLIBURTON CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>406216101</cusip>
    <value>521</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15310</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15310</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HARRIS CORP DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>413875105</cusip>
    <value>439</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5057</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5057</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HCA HOLDINGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40412C101</cusip>
    <value>428</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6322</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6322</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>HERCULES TECH</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>427096508</cusip>
    <value>3432</value>
    <shrsOrPrnAmt>
      <sshPrnamt>281577</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>281577</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>HEWLETT PACKARD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>42824C109</cusip>
    <value>303</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19895</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>19895</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40434L105</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19594</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>19594</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>HUNTINGTON</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>446150104</cusip>
    <value>745</value>
    <shrsOrPrnAmt>
      <sshPrnamt>67043</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>67043</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ILLINOIS TOOL WKS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>452308109</cusip>
    <value>670</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7202</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7202</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INDEXIQ ETF TR HEDGE MLTI</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>45409B107</cusip>
    <value>19247</value>
    <shrsOrPrnAmt>
      <sshPrnamt>676290</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>676290</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>ING GROEP NV</nameOfIssuer>
    <titleOfClass>ADR</titleOfClass>
    <cusip>456837103</cusip>
    <value>29996</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2228541</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2228541</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>459200101</cusip>
    <value>535</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3887</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3887</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>INTUIT</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>461202103</cusip>
    <value>414</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4288</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4288</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ISHARES AGGRES ALLOC</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464289859</cusip>
    <value>3772</value>
    <shrsOrPrnAmt>
      <sshPrnamt>84126</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>84126</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>ISHARES GOLD TRUST</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464285105</cusip>
    <value>11783</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1151815</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1151815</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>ISHARES INC CORE MSCI EMKT</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46434G103</cusip>
    <value>2621</value>
    <shrsOrPrnAmt>
      <sshPrnamt>66545</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>66545</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>ISHARES INDIA 50</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464289529</cusip>
    <value>565</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20781</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20781</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ISHARES MODERT ALLOC</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464289875</cusip>
    <value>6455</value>
    <shrsOrPrnAmt>
      <sshPrnamt>189581</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>189581</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ISHARES MSCI BR2 CAP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286400</cusip>
    <value>418</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20226</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20226</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ISHARES MSCI CDA</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286509</cusip>
    <value>969</value>
    <shrsOrPrnAmt>
      <sshPrnamt>45083</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>45083</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ISHARES MSCI EURO FL</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464289180</cusip>
    <value>316</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15570</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15570</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI FRANCE</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286707</cusip>
    <value>747</value>
    <shrsOrPrnAmt>
      <sshPrnamt>30862</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>30862</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI GERMANY</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286806</cusip>
    <value>1538</value>
    <shrsOrPrnAmt>
      <sshPrnamt>58720</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>58720</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI ITAL CPD</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286855</cusip>
    <value>12936</value>
    <shrsOrPrnAmt>
      <sshPrnamt>941456</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>941456</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI JAPAN</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286848</cusip>
    <value>2952</value>
    <shrsOrPrnAmt>
      <sshPrnamt>243560</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>243560</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI MEX CAP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286822</cusip>
    <value>408</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8192</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8192</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI PAC JP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286665</cusip>
    <value>1191</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31023</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>31023</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI STH AFR</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286780</cusip>
    <value>389</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8318</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8318</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI STH KOR</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286772</cusip>
    <value>1004</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20216</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20216</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI TAIWAN</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464286731</cusip>
    <value>1061</value>
    <shrsOrPrnAmt>
      <sshPrnamt>83057</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>83057</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES RUSSELL 3000</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287689</cusip>
    <value>5373</value>
    <shrsOrPrnAmt>
      <sshPrnamt>44651</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>44651</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR 20+ YR TR BD</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287432</cusip>
    <value>61829</value>
    <shrsOrPrnAmt>
      <sshPrnamt>512764</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>512764</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR CHINA LG-CAP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287184</cusip>
    <value>881</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24969</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>24969</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR CORE S&amp;P MCP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287507</cusip>
    <value>5983</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42941</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>42941</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR CORE US AGGBD ET</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287226</cusip>
    <value>916</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8478</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8478</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR HDG MSCI GERMN</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46434V704</cusip>
    <value>10900</value>
    <shrsOrPrnAmt>
      <sshPrnamt>447267</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>447267</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR JP MOR EM MK</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288281</cusip>
    <value>347</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3280</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3280</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI ACWI EX US</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288240</cusip>
    <value>1033</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26079</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>26079</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI EAFE</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287465</cusip>
    <value>11330</value>
    <shrsOrPrnAmt>
      <sshPrnamt>192950</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>192950</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI EMG MKT</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287234</cusip>
    <value>1767</value>
    <shrsOrPrnAmt>
      <sshPrnamt>54886</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>54886</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI INDIA</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46429B598</cusip>
    <value>24139</value>
    <shrsOrPrnAmt>
      <sshPrnamt>877788</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>877788</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI INDONISA</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46429B309</cusip>
    <value>305</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14591</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14591</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI KLD400 SOC</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288570</cusip>
    <value>12387</value>
    <shrsOrPrnAmt>
      <sshPrnamt>163605</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>163605</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR MSCI UTD KNGDM</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46434V548</cusip>
    <value>2288</value>
    <shrsOrPrnAmt>
      <sshPrnamt>141782</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>141782</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR NAT AMT FREE BD</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288414</cusip>
    <value>38374</value>
    <shrsOrPrnAmt>
      <sshPrnamt>346620</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>346620</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUS 1000</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287622</cusip>
    <value>13955</value>
    <shrsOrPrnAmt>
      <sshPrnamt>123155</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>123155</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUS 1000 GRW</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287614</cusip>
    <value>72967</value>
    <shrsOrPrnAmt>
      <sshPrnamt>733484</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>733484</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUS 1000 VAL</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287598</cusip>
    <value>2887</value>
    <shrsOrPrnAmt>
      <sshPrnamt>29498</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>29498</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUS 2000 GRW</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287648</cusip>
    <value>291</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2092</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2092</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUS MD CP GR</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287481</cusip>
    <value>10876</value>
    <shrsOrPrnAmt>
      <sshPrnamt>118319</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>118319</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR RUSSELL 2000</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287655</cusip>
    <value>874</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7760</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7760</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR SELECT DIVID</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287168</cusip>
    <value>1449</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19286</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>19286</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR TIPS BD</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287176</cusip>
    <value>1511</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13776</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13776</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR U.S. PFD STK</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288687</cusip>
    <value>779</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20058</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20058</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR U.S. REAL ES</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464287739</cusip>
    <value>2883</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38397</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38397</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR US HOME CONS</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>464288752</cusip>
    <value>17795</value>
    <shrsOrPrnAmt>
      <sshPrnamt>656656</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>656656</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR USA MIN VOL</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46429B697</cusip>
    <value>2881</value>
    <shrsOrPrnAmt>
      <sshPrnamt>68884</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>68884</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JP MORGAN &amp; CHASE CO ALERIAN ML</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>46625H365</cusip>
    <value>27459</value>
    <shrsOrPrnAmt>
      <sshPrnamt>947836</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>947836</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>KELLOGG CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>487836108</cusip>
    <value>473</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6546</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6546</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>KOHLS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>500255104</cusip>
    <value>429</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9006</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9006</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>L-3 COMMUNICATIONS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>502424104</cusip>
    <value>387</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3241</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3241</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>512807108</cusip>
    <value>649</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8151</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8151</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LENNAR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>526057104</cusip>
    <value>535</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10945</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10945</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LILLY ELI and CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>532457108</cusip>
    <value>439</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5208</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5208</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LOCKHEED MARTIN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>539830109</cusip>
    <value>404</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1862</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1862</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MARKET VECTORS RUSSIA</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>57060U506</cusip>
    <value>228</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15596</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15596</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MASTERCARD INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>57636Q104</cusip>
    <value>428</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4395</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4395</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MCGRAW HILL FINL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>580645109</cusip>
    <value>403</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4088</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4088</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>594918104</cusip>
    <value>930</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16758</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>16758</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MONSANTO CO NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>61166W101</cusip>
    <value>419</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4253</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4253</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MOODYS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>615369105</cusip>
    <value>684</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6812</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6812</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>620076307</cusip>
    <value>425</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6179</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6179</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NETFLIX INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64110L106</cusip>
    <value>325</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2842</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2842</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NORTHROP GRUMMAN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666807102</cusip>
    <value>421</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2228</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2228</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUCOR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670346105</cusip>
    <value>384</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9501</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9501</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NXP SEMICONDUCTORS N V</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>N6596X109</cusip>
    <value>575</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6822</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6822</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>OCCIDENTAL PETE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>363</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5317</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5317</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ODYSSEY MARINE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>676118102</cusip>
    <value>1237</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4613360</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4613360</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PALO ALTO NETWORKS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>697435105</cusip>
    <value>280</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1592</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1592</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PEPSICO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>713448108</cusip>
    <value>740</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7389</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7389</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PHILIP MORRIS INTL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>718172109</cusip>
    <value>771</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8765</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8765</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PIMCO ETF TR ENHAN SHRT MA AC</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>72201R833</cusip>
    <value>18626</value>
    <shrsOrPrnAmt>
      <sshPrnamt>185126</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>185126</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PITNEY BOWES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>724479100</cusip>
    <value>381</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18430</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>18430</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PLUM CREEK TIMBER</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>729251108</cusip>
    <value>427</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8951</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8951</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>POWERSHARES ETF TRUST GBL LSTD PVT EQT</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>73935X195</cusip>
    <value>986</value>
    <shrsOrPrnAmt>
      <sshPrnamt>93770</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>93770</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>POWERSHARES QQQ</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>73935A104</cusip>
    <value>17928</value>
    <shrsOrPrnAmt>
      <sshPrnamt>160270</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>160270</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES SHORT DOW30</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>74347R701</cusip>
    <value>32491</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1437636</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1437636</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES SHORT MSCI EAFE</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>74347R370</cusip>
    <value>787</value>
    <shrsOrPrnAmt>
      <sshPrnamt>23507</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>23507</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES SHORT MSCI EM ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>74347R396</cusip>
    <value>76991</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2613393</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2613393</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES SHORT REAL ESTATE ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>74347X641</cusip>
    <value>14837</value>
    <shrsOrPrnAmt>
      <sshPrnamt>769529</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>769529</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES SHORT RUSSELL2000 NEW</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>74348A210</cusip>
    <value>9876</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159012</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>159012</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>QUALCOMM INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>747525103</cusip>
    <value>876</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17522</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17522</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RAYTHEON CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>755111507</cusip>
    <value>418</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3359</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3359</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ROCKWELL AUTOMATION INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>773903109</cusip>
    <value>614</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5986</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5986</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT SECTOR SPDR TR SBI INT-ENERGY</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>81369Y506</cusip>
    <value>7247</value>
    <shrsOrPrnAmt>
      <sshPrnamt>120138</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>120138</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SOUTHERN CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>842587107</cusip>
    <value>426</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9104</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9104</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SOUTHWEST AIRLS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>844741108</cusip>
    <value>315</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7302</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7302</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78467V848</cusip>
    <value>42235</value>
    <shrsOrPrnAmt>
      <sshPrnamt>869036</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>869036</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR NUVEEN BARCLAYS MUNICIPAL BOND</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78464A458</cusip>
    <value>5796</value>
    <shrsOrPrnAmt>
      <sshPrnamt>237564</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>237564</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR NUVEEN BARCLAYS SHORT TERM MUNICIPAL BOND</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78464A425</cusip>
    <value>25853</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1061292</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1061292</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78462F103</cusip>
    <value>56823</value>
    <shrsOrPrnAmt>
      <sshPrnamt>278721</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>278721</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P EMERGING ASIA PACIFIC ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78463X301</cusip>
    <value>2369</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32192</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>32192</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P HOMEBUILDERS</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78464A888</cusip>
    <value>1164</value>
    <shrsOrPrnAmt>
      <sshPrnamt>34067</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>34067</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P MIDCAP 400 ETF TR  UTSER1 S&amp;PDCRP</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78467Y107</cusip>
    <value>3665</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14424</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14424</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR SERIES TRUST S&amp;P DIVID ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78464A763</cusip>
    <value>15136</value>
    <shrsOrPrnAmt>
      <sshPrnamt>205734</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>205734</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR SSGA MULTI ASSET REAL RETURN ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>78467V103</cusip>
    <value>871</value>
    <shrsOrPrnAmt>
      <sshPrnamt>39159</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>39159</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR TECHNOLOGY SECTOR ETF</nameOfIssuer>
    <titleOfClass>ETF</titleOfClass>
    <cusip>81369Y803</cusip>
    <value>10159</value>
    <shrsOrPrnAmt>
      <sshPrnamt>237196</sshPrnamt>
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    <nameOfIssuer>WISDOM TREE EUROPE HEDGED EQUITY FUND</nameOfIssuer>
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    <cusip>983134107</cusip>
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      <Sole>4652</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>988498101</cusip>
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    <shrsOrPrnAmt>
      <sshPrnamt>5903</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5903</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
