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

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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
AMERICAN CENTY ETF TR US SML CP VALU 025072877 4,333 60,000 SH   SOLE   60,000 0 0
FRANKLIN TEMPLETON ETF TR FTSE CANADA 35473P827 1,941 64,051 SH   SOLE   64,051 0 0
FRANKLIN TEMPLETON ETF TR FTSE AUSTRALIA 35473P843 1,610 55,200 SH   SOLE   55,200 0 0
FRANKLIN TEMPLETON ETF TR FTSE BRAZIL 35473P835 2,112 101,824 SH   SOLE   101,824 0 0
FRANKLIN TEMPLETON ETF TR FTSE TAIWAN 35473P686 2,842 68,165 SH   SOLE   68,165 0 0
FRANKLIN TEMPLETON ETF TR FTSE JAPAN ETF 35473P744 4,645 152,744 SH   SOLE   152,744 0 0
FRANKLIN TEMPLETON ETF TR FTSE SOUTH KOREA 35473P710 2,082 65,383 SH   SOLE   65,383 0 0
FRANKLIN TEMPLETON ETF TR FRANKLN SWZLND 35473P694 4,844 160,500 SH   SOLE   160,500 0 0
INVESCO ACTIVLY MANGD ETC FD OPTIMUM YIELD 46090F100 270 15,656 SH   SOLE   15,656 0 0
ISHARES INC MSCI AUST ETF 464286103 1,619 65,314 SH   SOLE   65,314 0 0
ISHARES INC MSCI CDA ETF 464286509 1,873 55,000 SH   SOLE   55,000 0 0
ISHARES INC MSCI SWITZERLAND 464286749 5,010 113,318 SH   SOLE   113,318 0 0
ISHARES INC MSCI STH KOR ETF 464286772 2,125 23,692 SH   SOLE   23,692 0 0
ISHARES INC MSCI GERMANY ETF 464286806 5,168 154,559 SH   SOLE   154,559 0 0
ISHARES INC MSCI HONG KG ETF 464286871 2,430 91,407 SH   SOLE   91,407 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 4,651 67,873 SH   SOLE   67,873 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 2,853 47,578 SH   SOLE   47,578 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 7,456 222,896 SH   SOLE   222,896 0 0
ISHARES TR CORE S&P SCP ETF 464287804 244 2,244 SH   SOLE   2,244 0 0
ISHARES TR MSCI INDIA ETF 46429B598 2,747 65,129 SH   SOLE   65,129 0 0
ISHARES TR NEW ZEALAND ETF 464289123 3,591 57,685 SH   SOLE   57,685 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 203 1,559 SH   SOLE   1,559 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 1,595 10,522 SH   SOLE   10,522 0 0
ISHARES TR CORE S&P MCP ETF 464287507 396 1,522 SH   SOLE   1,522 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 510 4,514 SH   SOLE   4,514 0 0
ISHARES TR 20 YR TR BD ETF 464287432 3,505 25,873 SH   SOLE   25,873 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 10,514 225,340 SH   SOLE   225,340 0 0
ISHARES TR TIPS BD ETF 464287176 5,277 42,051 SH   SOLE   42,051 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 241 3,941 SH   SOLE   3,941 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 9,520 129,847 SH   SOLE   129,847 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 12,611 94,954 SH   SOLE   94,954 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 8,089 82,162 SH   SOLE   82,162 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 14,757 433,383 SH   SOLE   433,383 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 3,424 69,802 SH   SOLE   69,802 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 6,522 38,805 SH   SOLE   38,805 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,876 33,203 SH   SOLE   33,203 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 7,064 89,648 SH   SOLE   89,648 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 2,056 37,121 SH   SOLE   37,121 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 384 4,200 SH   SOLE   4,200 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 3,992 154,671 SH   SOLE   154,671 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 3,281 13,473 SH   SOLE   13,473 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 408 4,819 SH   SOLE   4,819 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 856 4,142 SH   SOLE   4,142 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 344 6,606 SH   SOLE   6,606 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 215 2,628 SH   SOLE   2,628 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 464 4,990 SH   SOLE   4,990 0 0