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
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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
GLOBAL X FDS GLB X MLP ENRG I 37950E226 34,999 2,653,452 SH   SOLE   2,653,452 0 0
ISHARES TR MSCI EURO FL ETF 464289180 1,841 101,382 SH   SOLE   101,382 0 0
ISHARES INC MSCI ITALY ETF 46434G830 905 32,577 SH   SOLE   32,577 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 40,158 1,216,537 SH   SOLE   1,216,537 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD JAPAN 46641Q712 18,219 801,906 SH   SOLE   801,906 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 9,299 177,974 SH   SOLE   177,974 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 14,930 162,991 SH   SOLE   162,991 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 4,185 150,906 SH   SOLE   150,906 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 8,006 180,188 SH   SOLE   180,188 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 9,125 165,904 SH   SOLE   165,904 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 12,482 135,463 SH   SOLE   135,463 0 0
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 12,281 146,329 SH   SOLE   146,329 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 12,633 158,729 SH   SOLE   158,729 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 14,277 293,292 SH   SOLE   293,292 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 3,479 52,824 SH   SOLE   52,824 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 1,190 8,193 SH   SOLE   8,193 0 0