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
INVESCO DB COMMDY INDX TRCK UNIT ETF 46138B103 10,113 642,922 SH   SOLE   642,922 0 0
ISHARES GOLD TRUST ISHARES ETF 464285105 9,918 734,680 SH   SOLE   734,680 0 0
ISHARES INC MSCI PAC JP ETF ETF 464286665 13,011 275,474 SH   SOLE   275,474 0 0
ISHARES INC MSCI STH KOR ETF ETF 464286772 1,278 21,343 SH   SOLE   21,343 0 0
ISHARES INC MSCI GERMANY ETF ETF 464286806 1,568 55,896 SH   SOLE   55,896 0 0
ISHARES INC MSCI MEXICO ETF ETF 464286822 10,225 235,705 SH   SOLE   235,705 0 0
ISHARES TR TIPS BD ETF ETF 464287176 8,526 73,821 SH   SOLE   73,821 0 0
ISHARES TR CHINA LG-CAP ETF ETF 464287184 167 3,904 SH   SOLE   3,904 0 0
ISHARES TR IBOXX INV CP ETF ETF 464287242 23,444 188,503 SH   SOLE   188,503 0 0
ISHARES TR GLOB COMM SVC ETF ETF 464287275 67 1,174 SH   SOLE   1,174 0 0
ISHARES TR GLOB HLTHCRE ETF ETF 464287325 325 5,260 SH   SOLE   5,260 0 0
ISHARES TR 20 YR TR BD ETF ETF 464287432 7,733 58,226 SH   SOLE   58,226 0 0
ISHARES TR BARCLAYS 7 10 YR ETF 464287440 14,410 130,980 SH   SOLE   130,980 0 0
ISHARES TR U.S. REAL ES ETF ETF 464287739 5,616 64,319 SH   SOLE   64,319 0 0
ISHARES TR INTL TREA BD ETF ETF 464288117 4,436 87,231 SH   SOLE   87,231 0 0
ISHARES TR GL TIMB FORE ETF ETF 464288174 492 8,207 SH   SOLE   8,207 0 0
ISHARES TR JPMORGAN USD EMG ETF 464288281 7,785 68,715 SH   SOLE   68,715 0 0
ISHARES TR GLB INFRASTR ETF ETF 464288372 2,993 64,778 SH   SOLE   64,778 0 0
ISHARES TR IBOXX HI YD ETF ETF 464288513 1,995 22,882 SH   SOLE   22,882 0 0
ISHARES TR MBS ETF ETF 464288588 16,257 151,091 SH   SOLE   151,091 0 0
ISHARES TR SH TR CRPORT ETF ETF 464288646 8,682 162,470 SH   SOLE   162,470 0 0
ISHARES TR S&P US PFD STK ETF 464288687 1,895 51,412 SH   SOLE   51,412 0 0
ISHARES TR GLOB CNSM STP ETF ETF 464288737 97 1,852 SH   SOLE   1,852 0 0
ISHARES SILVER TRUST ISHARES ETF 46428Q109 2,105 146,880 SH   SOLE   146,880 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT ETF 46428R107 2 133 SH   SOLE   133 0 0
ISHARES INC CORE MSCI EMKT ETF 46434G103 101 1,959 SH   SOLE   1,959 0 0
ISHARES INC MSCI TAIWAN ETF ETF 46434G772 467 13,350 SH   SOLE   13,350 0 0
ISHARES INC MSCI JPN ETF NEW ETF 46434G822 36,450 667,823 SH   SOLE   667,823 0 0
SPDR INDEX SHS FDS EURO STOXX 50 ETF 78463X202 13,737 358,669 SH   SOLE   358,669 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF ETF 78463X863 228 5,879 SH   SOLE   5,879 0 0
SPDR SERIES TRUST PRTFLO S&P 500 GW ETF 78464A409 25 653 SH   SOLE   653 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS ETF 78464A417 19,972 733,456 SH   SOLE   733,456 0 0
SPDR SERIES TRUST PORTFOLIO SHORT ETF 78464A474 1,541 50,070 SH   SOLE   50,070 0 0
SPDR SERIES TRUST PRTFLO S&P 500 VL ETF 78464A508 24,061 769,226 SH   SOLE   769,226 0 0
SPDR SERIES TRUST BLOOMBERG INTL TR ETF 78464A516 3,879 134,121 SH   SOLE   134,121 0 0
SPDR SERIES TRUST PORTFOLIO AGRGTE ETF 78464A649 25,278 866,587 SH   SOLE   866,587 0 0
SPDR SERIES TRUST PORTFOLIO LN TSR ETF 78464A664 643 16,856 SH   SOLE   16,856 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN ETF 78467V608 7,698 166,549 SH   SOLE   166,549 0 0
REAL ESTATE SELECT SECT SPDR ETF 81369Y860 8,811 239,617 SH   SOLE   239,617 0 0
VANECK VECTORS ETF TR INTL HIGH YIELD ETF 92189F445 740 29,745 SH   SOLE   29,745 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS ETF 92189F494 4,532 130,606 SH   SOLE   130,606 0 0
VANGUARD MALVERN FDS STRM INFPROIDX ETF 922020805 7,670 155,518 SH   SOLE   155,518 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF ETF 922042858 6,672 156,885 SH   SOLE   156,885 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF ETF 922042866 4,843 73,292 SH   SOLE   73,292 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF ETF 922042874 26,286 478,791 SH   SOLE   478,791 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS ETF 92206C706 1,225 18,575 SH   SOLE   18,575 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC ETF 92206C771 8,096 153,249 SH   SOLE   153,249 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP ETF 922908512 27,343 245,577 SH   SOLE   245,577 0 0
VANGUARD INDEX FDS SML CP GRW ETF ETF 922908595 43 229 SH   SOLE   229 0 0
VANGUARD INDEX FDS SM CP VAL ETF ETF 922908611 641 4,913 SH   SOLE   4,913 0 0
VANGUARD INDEX FDS VALUE ETF ETF 922908744 25,707 231,764 SH   SOLE   231,764 0 0
WISDOMTREE TR INDIA ERNGS FD ETF 97717W422 10,321 396,061 SH   SOLE   396,061 0 0