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
GATOS SILVER INC COM 368036109 61,866 6,205,259 SH   SOLE   6,205,259 0 0
ISHARES JP MORGAN EM LOCAL C COM 464286517 50,439 1,185,958 SH   SOLE   1,185,958 0 0
ISHARES CORE SP 500 ETF COM 464287200 1,799,967 4,524,577 SH   SOLE   4,524,577 0 0
ISHARES CORE SP 500 ETF COM 464287200 248,050 623,522 SH   SOLE   623,522 0 0
ISHARES 20 YEAR TREASURY BO COM 464287432 146,891 1,084,464 SH   SOLE   1,084,464 0 0
ISHARES 7 10 YEAR TREASURY B COM 464287440 124,834 1,105,412 SH   SOLE   1,105,412 0 0
ISHARES CORE SP MIDCAP ETF COM 464287507 51,914 199,456 SH   SOLE   199,456 0 0
ISHARES CORE SP MIDCAP ETF COM 464287507 400,512 1,538,775 SH   SOLE   1,538,775 0 0
ISHARES CORE SP SMALL CAP E COM 464287804 26,837 247,276 SH   SOLE   247,276 0 0
ISHARES JP MORGAN USD EMERGI COM 464288281 413,530 3,798,039 SH   SOLE   3,798,039 0 0
ISHARES MBS ETF COM 464288588 26,505 244,469 SH   SOLE   244,469 0 0
ISHARES MBS ETF COM 464288588 11,445 105,560 SH   SOLE   105,560 0 0
ISHARES MBS ETF COM 464288588 38,074 351,174 SH   SOLE   351,174 0 0
ISHARES MBS ETF COM 464288588 11,150 102,837 SH   SOLE   102,837 0 0
ISHARES 0 5 YEAR TIPS BOND E COM 46429B747 11,455 108,351 SH   SOLE   108,351 0 0
ISHARES 0 5 YEAR TIPS BOND E COM 46429B747 10,841 102,546 SH   SOLE   102,546 0 0
ISHARES CORE MSCI EMERGING COM 46434G103 185,541 2,882,866 SH   SOLE   2,882,866 0 0
ISHARES MSCI GLOBAL METALS COM 46434G848 67,911 1,611,938 SH   SOLE   1,611,938 0 0
ISHARES MSCI GLOBAL GOLD MIN COM 46434G855 26,746 977,753 SH   SOLE   977,753 0 0
ISHARES FALLEN ANGELS ETF COM 46435G474 27,368 935,987 SH   SOLE   935,987 0 0
ISHARES BB RATED CORP BOND COM 46435U473 12,800 248,303 SH   SOLE   248,303 0 0
ISHARES BB RATED CORP BOND COM 46435U473 25,989 504,146 SH   SOLE   504,146 0 0
ISHARES BROAD USD HIGH YIELD COM 46435U853 57,229 1,389,392 SH   SOLE   1,389,392 0 0
JPMORGAN BETABUILDERS JAPAN COM 46641Q712 203,700 7,152,390 SH   SOLE   7,152,390 0 0
SPDR SP 500 ETF TRUST COM 78462F103 2,100 5,298 SH   SOLE   5,298 0 0
SPDR PORT INT CORP BOND ETF COM 78464A375 19,900 548,963 SH   SOLE   548,963 0 0
SPDR BBG BARC EM LOCAL BOND COM 78464A391 168,107 6,460,691 SH   SOLE   6,460,691 0 0
SPDR PORT SHRT TRM CORP BND COM 78464A474 11,466 366,210 SH   SOLE   366,210 0 0
SPDR PORT LNG TRM TRSRY COM 78464A664 12,323 316,124 SH   SOLE   316,124 0 0
SPDR PORT LNG TRM TRSRY COM 78464A664 124,165 3,185,361 SH   SOLE   3,185,361 0 0
SPDR PORT INT TREASURY TERM COM 78464A672 645,927 20,134,895 SH   SOLE   20,134,895 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 33,633 1,096,961 SH   SOLE   1,096,961 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 11,449 373,414 SH   SOLE   373,414 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 614,004 20,026,233 SH   SOLE   20,026,233 0 0
SPDR PORT SHRT TRM TRSRY COM 78468R101 125,922 4,107,031 SH   SOLE   4,107,031 0 0
ENERGY SELECT SECTOR SPDR COM 81369Y506 18,952 386,298 SH   SOLE   386,298 0 0
VANGUARD EMERG MKTS GOV BND COM 921946885 4,468 57,658 SH   SOLE   57,658 0 0
VANGUARD FTSE EUROPE ETF COM 922042874 131,625 2,089,281 SH   SOLE   2,089,281 0 0