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
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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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 8,631 311,238 SH   SOLE 311,238 0 0
CAFEPRESS INC COM 12769A103 117 30,000 SH   SOLE 30,000 0 0
ISHARES IBOXX HI YD ETF 464288513 3,670 40,500 SH   SOLE 40,500 0 0
ISHARES TR CORE S&P500 ETF 464287200 21,647 104,155 SH   SOLE 104,155 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,649 41,725 SH   SOLE 41,725 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 382,202 9,524,100 SH Put SOLE 9,524,100 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 3,693 92,014 SH   SOLE 92,014 0 0
ISHARES TR NA NAT RES 464287374 32,540 866,805 SH   SOLE 866,805 0 0
ISHARES TR MSCI EAFE ETF 464287465 361,322 5,630,700 SH Put SOLE 5,630,700 0 0
ISHARES TR MSCI EAFE ETF 464287465 33,847 527,465 SH   SOLE 527,465 0 0
ISHARES TR U.S. REAL ES ETF 464287739 4,768 60,105 SH   SOLE 60,105 0 0
ISHARES TR CORE MSCI EAFE 46432F842 5,790 98,993 SH   SOLE 98,993 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 26,720 517,223 SH   SOLE 517,223 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 30,835 754,467 SH   SOLE 754,467 0 0