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
ABBOTT LABS COM 002824100 223 5,321 SH   SOLE   5,321 0 0
ABBVIE INC COM 00287Y109 299 5,229 SH   SOLE   5,229 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 12,034 152,272 SH   SOLE   152,272 0 0
AMBEV SA SPONSORED ADR 02319V103 13,854 2,674,558 SH   SOLE   2,674,558 0 0
APPLE INC COM 037833100 739 6,785 SH   SOLE   6,785 0 0
AVALONBAY CMNTYS INC COM 053484101 1,052 5,530 SH   SOLE   5,530 0 0
BAIDU INC SPON ADR REP A 056752108 10,730 56,211 SH   SOLE   56,211 0 0
BARCLAYS BANK PLC ETN DJUBS SGAR38 06739H214 684 19,321 SH   SOLE   19,321 0 0
BAXALTA INC COM 07177M103 206 5,100 SH   SOLE   5,100 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 213 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,165 8,210 SH   SOLE   8,210 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 804 49,500 SH   SOLE   49,500 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 2,976 408,804 SH   SOLE   408,804 0 0
CENTRAL FD CDA LTD CL A 153501101 297 24,800 SH   SOLE   24,800 0 0
COCA COLA CO COM 191216100 578 12,466 SH   SOLE   12,466 0 0
COLGATE PALMOLIVE CO COM 194162103 449 6,350 SH   SOLE   6,350 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 11,813 266,891 SH   SOLE   266,891 0 0
CVS HEALTH CORP COM 126650100 223 2,148 SH   SOLE   2,148 0 0
DBX ETF TR ST KOREA HD FD 233051812 39,523 1,704,311 SH   SOLE   1,704,311 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,240 16,530 SH   SOLE   16,530 0 0
GENERAL ELECTRIC CO COM 369604103 665 20,917 SH   SOLE   20,917 0 0
GENERAL MLS INC COM 370334104 488 7,702 SH   SOLE   7,702 0 0
GILEAD SCIENCES INC COM 375558103 779 8,485 SH   SOLE   8,485 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 5,527 136,303 SH   SOLE   136,303 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 5,118 1,299,057 SH   SOLE   1,299,057 0 0
INFOSYS LTD SPONSORED ADR 456788108 12,702 667,800 SH   SOLE   667,800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 322 2,126 SH   SOLE   2,126 0 0
ISHARES MSCI BRZ CAP ETF 464286400 17,152 652,167 SH   SOLE   652,167 0 0
ISHARES MSCI ISR CAP ETF 464286632 617 12,906 SH   SOLE   12,906 0 0
ISHARES MSCI CH CAP ETF 464286640 19,373 525,020 SH   SOLE   525,020 0 0
ISHARES MSCI FRANCE ETF 464286707 1,907 78,869 SH   SOLE   78,869 0 0
ISHARES MSCI TURKEY ETF 464286715 9,763 222,686 SH   SOLE   222,686 0 0
ISHARES MSCI TAIWAN ETF 464286731 33,211 2,396,169 SH   SOLE   2,396,169 0 0
ISHARES MSCI SZ CAP ETF 464286749 1,052 35,399 SH   SOLE   35,399 0 0
ISHARES MSCI STH AFR ETF 464286780 3,557 67,106 SH   SOLE   67,106 0 0
ISHARES MSCI NETHERL ETF 464286814 781 31,763 SH   SOLE   31,763 0 0
ISHARES MSCI MEX CAP ETF 464286822 234 4,353 SH   SOLE   4,353 0 0
ISHARES MSCI MALAYSI ETF 464286830 32,098 3,602,438 SH   SOLE   3,602,438 0 0
ISHARES MSCI JAPAN ETF 464286848 2,890 253,260 SH   SOLE   253,260 0 0
ISHARES GOLD TRUST ISHARES 464285105 756 63,650 SH   SOLE   63,650 0 0
ISHARES INC MSCI RUSSIA CAP 46434G806 14,046 1,094,780 SH   SOLE   1,094,780 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 3,053 207,970 SH   SOLE   207,970 0 0
ISHARES TR CORE US AGGBD ET 464287226 37,495 338,327 SH   SOLE   338,327 0 0
ISHARES TR 20 YR TR BD ETF 464287432 704 5,389 SH   SOLE   5,389 0 0
ISHARES TR COHEN&STEER REIT 464287564 258 2,500 SH   SOLE   2,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 443 4,005 SH   SOLE   4,005 0 0
ISHARES TR EUR DEV RE ETF 464288471 1,401 37,015 SH   SOLE   37,015 0 0
ISHARES TR U.S. PFD STK ETF 464288687 273 6,990 SH   SOLE   6,990 0 0
ISHARES TR MSCI INDIA ETF 46429B598 295 10,886 SH   SOLE   10,886 0 0
ISHARES TR MSCI POL CAP ETF 46429B606 15,597 771,158 SH   SOLE   771,158 0 0
ISHARES TR CHINA ETF 46429B671 18,371 432,151 SH   SOLE   432,151 0 0
ISHARES TR EAFE MIN VOL ETF 46429B689 2,085 31,385 SH   SOLE   31,385 0 0
ISHARES TR USA MIN VOL ETF 46429B697 4,599 104,680 SH   SOLE   104,680 0 0
JOHNSON & JOHNSON COM 478160104 702 6,492 SH   SOLE   6,492 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 80,261 2,238,792 SH   SOLE   2,238,792 0 0
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 6,617 472,644 SH   SOLE   472,644 0 0
MERCK & CO INC NEW COM 58933Y105 458 8,649 SH   SOLE   8,649 0 0
MONDELEZ INTL INC CL A 609207105 302 7,527 SH   SOLE   7,527 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 532 7,455 SH   SOLE   7,455 0 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 326 7,544 SH   SOLE   7,544 0 0
ORACLE CORP COM 68389X105 383 9,350 SH   SOLE   9,350 0 0
PEPSICO INC COM 713448108 600 5,855 SH   SOLE   5,855 0 0
PIMCO ETF TR TTL RTN ACTV ETF 72201R775 1,440 13,650 SH   SOLE   13,650 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 282 2,800 SH   SOLE   2,800 0 0
POTASH CORP SASK INC COM 73755L107 5,371 315,582 SH   SOLE   315,582 0 0
PROCTER & GAMBLE CO COM 742718109 876 10,646 SH   SOLE   10,646 0 0
SAP SE SPON ADR 803054204 447 5,564 SH   SOLE   5,564 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 219 4,417 SH   SOLE   4,417 0 0
SOHU COM INC COM 83408W103 1,741 35,140 SH   SOLE   35,140 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,646 13,990 SH   SOLE   13,990 0 0
SPDR INDEX SHS FDS INTL UTILT ETF 78463X632 22,093 1,343,026 SH   SOLE   1,343,026 0 0
SPDR INDEX SHS FDS INTL TELEC ETF 78463X640 3,072 120,584 SH   SOLE   120,584 0 0
STARBUCKS CORP COM 855244109 750 12,564 SH   SOLE   12,564 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 242 3,000 SH   SOLE   3,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 863 10,300 SH   SOLE   10,300 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 35,494 396,803 SH   SOLE   396,803 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,415 29,725 SH   SOLE   29,725 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 265 2,150 SH   SOLE   2,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 860 15,901 SH   SOLE   15,901 0 0
VISA INC COM CL A 92826C839 365 4,778 SH   SOLE   4,778 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 5,330 166,298 SH   SOLE   166,298 0 0
WAL-MART STORES INC COM 931142103 201 2,940 SH   SOLE   2,940 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 77,439 3,969,215 SH   SOLE   3,969,215 0 0
YANDEX N V SHS CLASS A N97284108 2,933 191,430 SH   SOLE   191,430 0 0