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
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
DBX ETF TR DBXTR HAR CS 300 233051879 2,200 75,360 SH   SOLE   75,360 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 2,817 29,232 SH   SOLE   29,232 0 0
ICICI BK LTD ADR 45104G104 4,804 561,193 SH   SOLE   561,193 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 3,911 108,336 SH   SOLE   108,336 0 0
ISHARES INC MSCI THI CAP ETF 464286624 2,805 32,445 SH   SOLE   32,445 0 0
ISHARES INC MSCI STH AFR ETF 464286780 311 5,301 SH   SOLE   5,301 0 0
ISHARES INC MSCI CDA ETF 464286509 777 26,839 SH   SOLE   26,839 0 0
ISHARES INC MSCI AUST ETF 464286103 607 27,036 SH   SOLE   27,036 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 2,341 42,018 SH   SOLE   42,018 0 0
ISHARES INC MSCI EURZONE ETF 464286608 6,598 152,304 SH   SOLE   152,304 0 0
ISHARES TR MCSI POL CAP ETF 46429B606 4,153 156,588 SH   SOLE   156,588 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 9,321 208,001 SH   SOLE   208,001 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 4,636 173,693 SH   SOLE   173,693 0 0
ISHARES TR IBOXX INV CP ETF 464287242 551 4,547 SH   SOLE   4,547 0 0
ISHARES TR JPMORGAN USD EMG 464288281 550 4,726 SH   SOLE   4,726 0 0
ISHARES TR IBOXX HI YD ETF 464288513 546 6,155 SH   SOLE   6,155 0 0
ISHARES TR LATN AMER 40 ETF 464287390 619 17,628 SH   SOLE   17,628 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 2,968 41,101 SH   SOLE   41,101 0 0
ISHARES TR US TREAS BD ETF 46429B267 5,442 215,602 SH   SOLE   215,602 0 0
ISHARES U S ETF TR IT RT HDG HGYL 46431W606 819 8,926 SH   SOLE   8,926 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 2,130 74,077 SH   SOLE   74,077 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 541 3,720 SH   SOLE   3,720 0 0
PROSHARES TR INVT INT RT HG 74347B607 829 10,764 SH   SOLE   10,764 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 366 3,012 SH   SOLE   3,012 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,077 52,052 SH   SOLE   52,052 0 0
SPDR SERIES TRUST BLOMBRG BRC INTL 78464A151 285 8,261 SH   SOLE   8,261 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 1,840 82,527 SH   SOLE   82,527 0 0
VANECK VECTORS ETF TR INDIA SMALL CAP 92189F767 905 15,945 SH   SOLE   15,945 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 1,587 81,958 SH   SOLE   81,958 0 0