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
GLOBAL X FDS LITHIUM BTRY ETF 37954Y855 939 34,338 SH   SOLE   34,338 0 0
GLOBAL X FDS MSCI GREECE ETF 37950E366 1,525 150,500 SH   SOLE   150,500 0 0
INVESCO EXCHNG TRADED FD TR SOLAR ETF 46138G706 1,724 55,972 SH   SOLE   55,972 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 5,569 244,050 SH   SOLE   244,050 0 0
ISHARES INC MSCI THAILND ETF 464286624 1,066 12,166 SH   SOLE   12,166 0 0
ISHARES TR IBOXX HI YD ETF 464288513 7,031 79,950 SH   SOLE   79,950 0 0
ISHARES TR IBOXX INV CP ETF 464287242 8,637 67,500 SH   SOLE   67,500 0 0
ISHARES TR MBS ETF 464288588 9,393 86,923 SH   SOLE   86,923 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 247 9,611 SH   SOLE   9,611 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 618 18,000 SH   SOLE   18,000 0 0
ISHARES TR NASDAQ BIOTECH 464287556 856 7,100 SH   SOLE   7,100 0 0
ISHARES TR NATIONAL MUN ETF 464288414 9,887 86,800 SH   SOLE   86,800 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 20,150 104,061 SH   SOLE   104,061 0 0
ISHARES TR S&P 500 VAL ETF 464287408 19,588 150,573 SH   SOLE   150,573 0 0
ISHARES TR SELECT DIVID ETF 464287168 5,245 49,637 SH   SOLE   49,637 0 0
ISHARES TR TIPS BD ETF 464287176 4,418 37,900 SH   SOLE   37,900 0 0
ISHARES TR TRANS AVG ETF 464287192 1,004 5,132 SH   SOLE   5,132 0 0
ISHARES TR U.S. REAL ES ETF 464287739 2,234 24,000 SH   SOLE   24,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,568 12,500 SH   SOLE   12,500 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 17,017 270,200 SH   SOLE   270,200 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 16,236 159,400 SH   SOLE   159,400 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 20,490 665,700 SH   SOLE   665,700 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 5,377 66,000 SH   SOLE   66,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 23,535 364,200 SH   SOLE   364,200 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,775 28,900 SH   SOLE   28,900 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 24,228 264,300 SH   SOLE   264,300 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 3,957 102,000 SH   SOLE   102,000 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78468R622 7,029 64,166 SH   SOLE   64,166 0 0
VANECK VECTORS ETF TRUST RARE EARTH STRAT 92189F742 514 38,306 SH   SOLE   38,306 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 6,207 125,955 SH   SOLE   125,955 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 5,980 73,804 SH   SOLE   73,804 0 0