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
ISHARES MSCI MEX CAP ETF 464286822 839 17,300 SH   SOLE N/A 17,300 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 6,246 421,450 SH   SOLE N/A 421,450 0 0
ISHARES TR 20 YR TR BD ETF 464287432 14,353 104,347 SH   SOLE N/A 104,347 0 0
ISHARES TR CORE MSCI EAFE 46432F842 24,334 441,318 SH   SOLE N/A 441,318 0 0
ISHARES TR CORE S&P500 ETF 464287200 90,696 416,879 SH   SOLE N/A 416,879 0 0
ISHARES TR CORE US AGGBD ET 464287226 10,730 95,450 SH   SOLE N/A 95,450 0 0
ISHARES TR HDG MSCI JAPAN 46434V886 3,627 146,362 SH   SOLE N/A 146,362 0 0
ISHARES TR IBOXX HI YD ETF 464288513 15,105 173,098 SH   SOLE N/A 173,098 0 0
ISHARES TR MSCI INDIA ETF 46429B598 888 30,200 SH   SOLE N/A 30,200 0 0
ISHARES TR NA NAT RES 464287374 3,624 105,163 SH   SOLE N/A 105,163 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 12,183 98,083 SH   SOLE N/A 98,083 0 0
ISHARES TR S&P MC 400GR ETF 464287606 3,527 20,183 SH   SOLE N/A 20,183 0 0
ISHARES TR TIPS BD ETF 464287176 10,769 92,449 SH   SOLE N/A 92,449 0 0
ISHARES TR U.S. REAL ES ETF 464287739 5,802 71,948 SH   SOLE N/A 71,948 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 423,489 7,162,000 SH Put SOLE N/A 7,162,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 414,347 11,064,000 SH Put SOLE N/A 11,064,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 7,287 189,470 SH   SOLE N/A 189,470 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 912 48,600 SH   SOLE N/A 48,600 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,890 262,811 SH   SOLE N/A 262,811 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 7,275 194,477 SH   SOLE N/A 194,477 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 1,202 22,372 SH   SOLE N/A 22,372 0 0