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
ALPS ETF TR ALERIAN MLP 00162Q866 5,884 524,410 SH   SOLE   524,410 0 0
GASTAR EXPL INC NEW COM 36729W202 63 71,170 SH   SOLE   71,170 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259 117 3,690 SH   SOLE   3,690 0 0
GLOBAL X FDS GLBX MSCI COLUM 37950E200 68 6,570 SH   SOLE   6,570 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 238 7,200 SH   SOLE   7,200 0 0
GLOBAL X FDS MSCI GREECE ETF 37950E366 1,297 137,100 SH   SOLE   137,100 0 0
ISHARES ALL PERU CAP ETF 464289842 71 1,820 SH   SOLE   1,820 0 0
ISHARES MSCI BRZ CAP ETF 464286400 11,964 286,970 SH   SOLE   286,970 0 0
ISHARES MSCI EURO FL ETF 464289180 555 23,630 SH   SOLE   23,630 0 0
ISHARES MSCI EURZONE ETF 464286608 1,074 24,800 SH   SOLE   24,800 0 0
ISHARES MSCI MEX CAP ETF 464286822 15,182 278,000 SH   SOLE   278,000 0 0
ISHARES MSCI STH KOR ETF 464286772 12,573 182,060 SH   SOLE   182,060 0 0
ISHARES INC MSCI CH CAP ETF 464286640 77 1,585 SH   SOLE   1,585 0 0
ISHARES INC MSCI FRANCE ETF 464286707 630 20,400 SH   SOLE   20,400 0 0
ISHARES INC MSCI SPAN CP ETF 464286764 520 15,400 SH   SOLE   15,400 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 11,834 327,800 SH   SOLE   327,800 0 0
ISHARES TR MSCI CHINA ETF 46429B671 21,287 337,410 SH   SOLE   337,410 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,123 25,070 SH   SOLE   25,070 0 0
SPDR SERIES TRUST OILGAS EQUIP 78464A748 11,396 687,360 SH   SOLE   687,360 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 4,972 154,500 SH   SOLE   154,500 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 6,536 191,735 SH   SOLE   191,735 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 16,297 287,120 SH   SOLE   287,120 0 0
TPG SPECIALTY LENDING INC COM 87265K102 6,205 296,027 SH   SOLE   296,027 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 11,734 511,075 SH   SOLE   511,075 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189F817 65 4,373 SH   SOLE   4,373 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 31,444 486,000 SH   SOLE   486,000 0 0