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
AES Corp/VA Common Stock 00130H105 1,096 98,700 SH   SOLE   0 0 98,700
Anthem Inc Common Stock 036752103 1,147 6,100 SH   SOLE   0 0 6,100
Applied Materials Inc Common Stock 038222105 1,036 25,100 SH   SOLE   0 0 25,100
ARRIS International PLC Common Stock G0551A103 1,210 43,200 SH   SOLE   0 0 43,200
Big Lots Inc Common Stock 089302103 1,048 21,700 SH   SOLE   0 0 21,700
Capital One Financial Corp Common Stock 14040H105 1,156 14,000 SH   SOLE   0 0 14,000
Centene Corp Common Stock 15135B101 1,190 14,900 SH   SOLE   0 0 14,900
Cigna Corp Common Stock 125509109 1,171 7,000 SH   SOLE   0 0 7,000
Cirrus Logic Inc Common Stock 172755100 1,122 17,900 SH   SOLE   0 0 17,900
Cisco Systems Inc Common Stock 17275R102 1,017 32,500 SH   SOLE   0 0 32,500
Citigroup Inc Common Stock 172967424 1,230 18,400 SH   SOLE   0 0 18,400
CVS Health Corp Common Stock 126650100 1,078 13,400 SH   SOLE   0 0 13,400
DaVita Inc Common Stock 23918K108 1,087 16,800 SH   SOLE   0 0 16,800
Delta Air Lines Inc Common Stock 247361702 1,359 25,300 SH   SOLE   0 0 25,300
Discover Financial Services Common Stock 254709108 920 14,800 SH   SOLE   0 0 14,800
ETFS Physical Palladium Shares ETP 26923A106 5,680 70,400 SH   SOLE   0 0 70,400
ETFS Physical Platinum Shares ETP 26922V101 7,350 83,200 SH   SOLE   0 0 83,200
Evercore Partners Inc Common Stock 29977A105 1,043 14,800 SH   SOLE   0 0 14,800
Everest Re Group Ltd Common Stock G3223R108 1,120 4,400 SH   SOLE   0 0 4,400
Express Scripts Holding Co Common Stock 30219G108 951 14,900 SH   SOLE   0 0 14,900
Fiat Chrysler Automobiles NV Common Stock N31738102 1,121 105,500 SH   SOLE   0 0 105,500
Flex Ltd Common Stock Y2573F102 1,058 64,900 SH   SOLE   0 0 64,900
Fluor Corp Common Stock 343412102 1,149 25,100 SH   SOLE   0 0 25,100
Foot Locker Inc Common Stock 344849104 911 18,500 SH   SOLE   0 0 18,500
Ford Motor Co Common Stock 345370860 962 86,000 SH   SOLE   0 0 86,000
General Motors Co Common Stock 37045V100 1,058 30,300 SH   SOLE   0 0 30,300
Gilead Sciences Inc Common Stock 375558103 1,231 17,400 SH   SOLE   0 0 17,400
Guggenheim S&P Global Water In ETP 18383Q507 14,743 451,970 SH   SOLE   0 0 451,970
Hawaiian Holdings Inc Common Stock 419879101 1,084 23,100 SH   SOLE   0 0 23,100
HCA Healthcare Inc Common Stock 40412C101 1,299 14,900 SH   SOLE   0 0 14,900
Huntsman Corp Common Stock 447011107 1,126 43,600 SH   SOLE   0 0 43,600
iShares Core S&P Mid-Cap ETF ETP 464287507 17,029 97,900 SH   SOLE   0 0 97,900
iShares Gold Trust ETP 464285105 1,327 111,200 SH   SOLE   0 0 111,200
iShares MSCI Eurozone ETF ETP 464286608 17,956 445,300 SH   SOLE   0 0 445,300
iShares MSCI Italy Capped ETF ETP 46434G830 17,041 613,000 SH   SOLE   0 0 613,000
iShares MSCI Spain Capped ETF ETP 464286764 16,282 495,800 SH   SOLE   0 0 495,800
iShares S&P 500 Value ETF ETP 464287408 5,888 56,100 SH   SOLE   0 0 56,100
iShares S&P Mid-Cap 400 Value ETP 464287705 5,956 40,100 SH   SOLE   0 0 40,100
iShares Silver Trust ETP 46428Q109 1,349 85,900 SH   SOLE   0 0 85,900
Jacobs Engineering Group Inc Common Stock 469814107 1,142 21,000 SH   SOLE   0 0 21,000
Juniper Networks Inc Common Stock 48203R104 1,023 36,700 SH   SOLE   0 0 36,700
Lam Research Corp Common Stock 512807108 1,046 7,400 SH   SOLE   0 0 7,400
Lazard Ltd Common Stock G54050102 1,172 25,300 SH   SOLE   0 0 25,300
Lear Corp Common Stock 521865204 1,193 8,400 SH   SOLE   0 0 8,400
Macy's Inc Common Stock 55616P104 1,076 46,300 SH   SOLE   0 0 46,300
Mallinckrodt PLC Common Stock G5785G107 1,165 26,000 SH   SOLE   0 0 26,000
Marathon Petroleum Corp Common Stock 56585A102 1,287 24,600 SH   SOLE   0 0 24,600
NCR Corp Common Stock 62886E108 1,021 25,000 SH   SOLE   0 0 25,000
OneMain Holdings Inc Common Stock 68268W103 1,182 48,100 SH   SOLE   0 0 48,100
PowerShares DB Base Metals Fun ETP 73936B705 7,950 485,400 SH   SOLE   0 0 485,400
PowerShares Water Resources Po ETP 73935X575 8,333 309,000 SH   SOLE   0 0 309,000
Radian Group Inc Common Stock 750236101 1,142 69,900 SH   SOLE   0 0 69,900
Realogy Holdings Corp Common Stock 75605Y106 1,190 36,700 SH   SOLE   0 0 36,700
Sanmina Corp Common Stock 801056102 1,074 28,200 SH   SOLE   0 0 28,200
Science Applications Internati Common Stock 808625107 1,096 15,800 SH   SOLE   0 0 15,800
Seagate Technology PLC Common Stock G7945M107 891 23,000 SH   SOLE   0 0 23,000
SPDR EURO STOXX 50 ETF ETP 78463X202 16,172 420,400 SH   SOLE   0 0 420,400
Steel Dynamics Inc Common Stock 858119100 1,117 31,200 SH   SOLE   0 0 31,200
Synchrony Financial Common Stock 87165B103 942 31,600 SH   SOLE   0 0 31,600
Tesoro Corp Common Stock 881609101 1,394 14,900 SH   SOLE   0 0 14,900
United Continental Holdings In Common Stock 910047109 1,091 14,500 SH   SOLE   0 0 14,500
United States Commodity Index ETP 911717106 8,656 224,900 SH   SOLE   0 0 224,900
UnitedHealth Group Inc Common Stock 91324P102 1,168 6,300 SH   SOLE   0 0 6,300
Valero Energy Corp Common Stock 91913Y100 1,301 19,300 SH   SOLE   0 0 19,300
Vanguard Financials ETF ETP 92204A405 5,898 94,300 SH   SOLE   0 0 94,300
Vanguard Industrials ETF ETP 92204A603 5,919 46,100 SH   SOLE   0 0 46,100
Vanguard Information Technolog ETP 92204A702 5,661 40,200 SH   SOLE   0 0 40,200
Vanguard Mid-Cap ETF ETP 922908629 11,145 78,200 SH   SOLE   0 0 78,200
VMware Inc Common Stock 928563402 1,084 12,400 SH   SOLE   0 0 12,400
Wal-Mart Stores Inc Common Stock 931142103 1,082 14,300 SH   SOLE   0 0 14,300
Walgreens Boots Alliance Inc Common Stock 931427108 994 12,700 SH   SOLE   0 0 12,700