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
ALPS ETF TR ALERIAN MLP 00162Q866 6,305 500,390 SH   SOLE   500,390 0 0
GLOBAL X FDS GLBX MSCI COLUM 37950E200 24 2,650 SH   SOLE   2,650 0 0
ISHARES ALL PERU CAP ETF 464289842 25 760 SH   SOLE   760 0 0
ISHARES MSCI CH CAP ETF 464286640 24 645 SH   SOLE   645 0 0
ISHARES MSCI FRANCE ETF 464286707 101 4,110 SH   SOLE   4,110 0 0
ISHARES MSCI MEX CAP ETF 464286822 12,224 278,000 SH   SOLE   278,000 0 0
ISHARES MSCI STH KOR ETF 464286772 15,860 298,000 SH   SOLE   298,000 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 9,428 321,000 SH   SOLE   321,000 0 0
ISHARES TR CHINA ETF 46429B671 17,448 399,000 SH   SOLE   399,000 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 243 5,950 SH   SOLE   5,950 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 196 3,945 SH   SOLE   3,945 0 0
SPDR SERIES TRUST OILGAS EQUIP 78464A748 14,390 643,850 SH   SOLE   643,850 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 219 7,200 SH   SOLE   7,200 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 6,654 160,635 SH   SOLE   160,635 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 15,861 285,430 SH   SOLE   285,430 0 0
TPG SPECIALTY LENDING INC COM 87265K102 20,380 1,091,027 SH   SOLE   1,091,027 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189F817 21 1,633 SH   SOLE   1,633 0 0
WISDOM TREE TR EUROPE HEDGED EQ 97717X701 27,896 486,000 SH   SOLE   486,000 0 0