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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
GLOBAL X FDS GLBX MSCI COLUM 37950E200   2,414 245,101 SH   SOLE   245,101 0 0
INVESCO ACTIVELY MANAGD ETF OPTIMUM YIELD 46090F100   472 28,513 SH   SOLE   28,513 0 0
ISHARES INC CORE MSCI EMKT 46434G103   256 4,758 SH   SOLE   4,758 0 0
ISHARES INC MSCI AUST ETF 464286103   3,171 140,042 SH   SOLE   140,042 0 0
ISHARES INC MSCI CHILE ETF 464286640   3,405 102,154 SH   SOLE   102,154 0 0
ISHARES INC MSCI MEXICO ETF 464286822   1,624 36,061 SH   SOLE   36,061 0 0
ISHARES INC MSCI NETHERL ETF 464286814   2,525 74,582 SH   SOLE   74,582 0 0
ISHARES INC MSCI SWITZERLAND 464286749   3,689 90,770 SH   SOLE   90,770 0 0
ISHARES INC MSCI THAILND ETF 464286624   861 9,830 SH   SOLE   9,830 0 0
ISHARES TR JPMORGAN USD EMG 464288281   8,593 75,010 SH   SOLE   75,010 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   2,651 16,000 SH   SOLE   16,000 0 0
ISHARES TR RUS 2000 VAL ETF 464287630   220 1,708 SH   SOLE   1,708 0 0
ISHARES TR NEW ZEALAND ETF 464289123   3,095 53,600 SH   SOLE   53,600 0 0
ISHARES TR MSCI POLAND ETF 46429B606   1,801 85,430 SH   SOLE   85,430 0 0
ISHARES TR MSCI PERU ETF 464289842   2,367 63,885 SH   SOLE   63,885 0 0
ISHARES TR MSCI INDONIA ETF 46429B309   1,250 48,728 SH   SOLE   48,728 0 0
ISHARES TR CORE S&P SCP ETF 464287804   383 4,564 SH   SOLE   4,564 0 0
ISHARES TR IBOXX INV CP ETF 464287242   346 2,700 SH   SOLE   2,700 0 0
ISHARES TR CORE US AGGBD ET 464287226   3,313 29,487 SH   SOLE   29,487 0 0
ISHARES TR CORE S&P MCP ETF 464287507   369 1,794 SH   SOLE   1,794 0 0
ISHARES TR CORE INTL AGGR 46435G672   7,320 133,603 SH   SOLE   133,603 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440   9,384 85,135 SH   SOLE   85,135 0 0
ISHARES TR AGENCY BOND ETF 464288166   209 1,806 SH   SOLE   1,806 0 0
ISHARES TR 3 7 YR TREAS BD 464288661   711 5,651 SH   SOLE   5,651 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605   5,336 173,344 SH   SOLE   173,344 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803   6,651 72,549 SH   SOLE   72,549 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100   1,213 19,749 SH   SOLE   19,749 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   2,962 45,830 SH   SOLE   45,830 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704   1,656 20,322 SH   SOLE   20,322 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852   3,273 61,029 SH   SOLE   61,029 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209   5,680 55,759 SH   SOLE   55,759 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   3,538 28,213 SH   SOLE   28,213 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860   1,361 35,197 SH   SOLE   35,197 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,929 32,122 SH   SOLE   32,122 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   3,463 54,988 SH   SOLE   54,988 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756   2,029 44,046 SH   SOLE   44,046 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698   1,548 26,578 SH   SOLE   26,578 0 0
SPDR SERIES TRUST SPDR BLOOMBERG 78468R663   14,446 158,000 SH   SOLE   158,000 0 0
SPDR SERIES TRUST BLOMBERG INTL TR 78464A516   5,897 204,683 SH   SOLE   204,683 0 0
SPDR SERIES TRUST BLOMBERG BRC INV 78468R200   341 11,085 SH   SOLE   11,085 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608   338 7,247 SH   SOLE   7,247 0 0
VANECK VECTORS ETF TRUST EMERGING MKTS HI 92189F353   575 24,222 SH   SOLE   24,222 0 0
VANECK VECTORS ETF TRUST RUSSIA ETF 92189F403   2,033 81,416 SH   SOLE   81,416 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835   628 7,494 SH   SOLE   7,494 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407   21,591 381,608 SH   SOLE   381,608 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   267 1,629 SH   SOLE   1,629 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   458 10,290 SH   SOLE   10,290 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866   331 4,762 SH   SOLE   4,762 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870   2,068 22,638 SH   SOLE   22,638 0 0