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
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 7,227 336,619 SH   SOLE N/A 336,619 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 6,435 53,350 SH   SOLE N/A 53,350 0 0
ISHARES TR CORE MSCI EAFE 46432F842 10,311 189,603 SH   SOLE N/A 189,603 0 0
ISHARES TR CORE S&P500 ETF 464287200 82,695 403,648 SH   SOLE N/A 403,648 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,507 41,725 SH   SOLE N/A 41,725 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 4,444 154,954 SH   SOLE N/A 154,954 0 0
ISHARES TR IBOXX HI YD ETF 464288513 18,468 229,192 SH   SOLE N/A 229,192 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,908 49,500 SH   SOLE N/A 49,500 0 0
ISHARES TR NA NAT RES 464287374 26,585 944,745 SH   SOLE N/A 944,745 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 15,049 133,755 SH   SOLE N/A 133,755 0 0
ISHARES TR S&P MC 400GR ETF 464287606 4,565 28,361 SH   SOLE N/A 28,361 0 0
ISHARES TR TIPS BD ETF 464287176 13,802 125,835 SH   SOLE N/A 125,835 0 0
ISHARES TR U.S. REAL ES ETF 464287739 8,536 113,644 SH   SOLE N/A 113,644 0 0
ISHARES TR MSCI EAFE ETF 464287465 413,242 7,037,500 SH Put SOLE N/A 7,037,500 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 292,407 9,083,800 SH Put SOLE N/A 9,083,800 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 3,744 123,880 SH   SOLE N/A 123,880 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 30,057 568,396 SH   SOLE N/A 568,396 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 21,413 654,640 SH   SOLE N/A 654,640 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,970 244,290 SH   SOLE N/A 244,290 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,374 25,527 SH   SOLE N/A 25,527 0 0