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 7,094 286,865 SH   SOLE N/A 286,865 0 0
ISHARES TR 20 YR TR BD ETF 464287432 5,869 42,289 SH   SOLE N/A 42,289 0 0
ISHARES TR CORE MSCI EAFE 46432F842 7,733 149,036 SH   SOLE N/A 149,036 0 0
ISHARES TR CORE S&P500 ETF 464287200 110,739 525,578 SH   SOLE N/A 525,578 0 0
ISHARES TR CORE US AGGBD ET 464287226 3,164 28,106 SH   SOLE N/A 28,106 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 3,806 162,851 SH   SOLE N/A 162,851 0 0
ISHARES TR IBOXX HI YD ETF 464288513 15,939 188,206 SH   SOLE N/A 188,206 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,015 36,113 SH   SOLE N/A 36,113 0 0
ISHARES TR NA NAT RES 464287374 4,907 147,713 SH   SOLE N/A 147,713 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 13,545 117,814 SH   SOLE N/A 117,814 0 0
ISHARES TR S&P MC 400GR ETF 464287606 4,165 24,627 SH   SOLE N/A 24,627 0 0
ISHARES TR TIPS BD ETF 464287176 12,451 106,719 SH   SOLE N/A 106,719 0 0
ISHARES TR U.S. REAL ES ETF 464287739 8,079 98,161 SH   SOLE N/A 98,161 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 326,454 9,501,000 SH Put SOLE N/A 9,501,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 236,280 4,232,900 SH Put SOLE N/A 4,322,900 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,488 42,754 SH   SOLE N/A 1,163,278 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 26,301 472,192 SH   SOLE N/A 472,192 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,536 355,948 SH   SOLE N/A 355,948 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,385 237,145 SH   SOLE N/A 237,145 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,290 25,527 SH   SOLE N/A 25,527 0 0