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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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 BBG006G2JWB1 571,530 6,589 SH   SOLE   6,589 0 0
FRANKLIN TEMPLETON ETF TR FTSE CHINA 35473P819 BBG00J3MD1W4 22,828,992 1,328,990 SH   SOLE   1,328,990 0 0
FRANKLIN TEMPLETON ETF TR FTSE SOUTH KOREA 35473P710 BBG00J3N5C11 5,728,287 281,045 SH   SOLE   281,045 0 0
FRANKLIN TEMPLETON ETF TR FTSE TAIWAN 35473P686 BBG00J3PQ9W6 11,081,273 304,950 SH   SOLE   304,950 0 0
GLOBAL X FDS MSCI GREECE ETF 37954Y319 BBG0029YL962 558,572 16,565 SH   SOLE   16,565 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 BBG001SJB7J7 979,035 16,591 SH   SOLE   16,591 0 0
INNOVATOR ETFS TR EMRGNG MKT APRIL 45782C359 BBG00SXJPRZ5 3,418,132 142,226 SH   SOLE   142,226 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 BBG001SP5TS2 530,524 5,421 SH   SOLE   5,421 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 BBG00KJR2NN7 6,182,864 43,645 SH   SOLE   43,645 0 0
ISHARES GOLD TR ISHARES NEW 464285204 BBG001SJK6D5 946,847 26,732 SH   SOLE   26,732 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG001SFN5N1 9,183,948 297,611 SH   SOLE   297,611 0 0
ISHARES INC MSCI CHILE ETF 464286640 BBG001T0LL05 658,261 25,046 SH   SOLE   25,046 0 0
ISHARES INC MSCI GBL MIN VOL 464286525 BBG0025X39Q6 941,855 9,850 SH   SOLE   9,850 0 0
ISHARES INC MSCI MEXICO ETF 464286822 BBG001S8SYQ6 4,535,753 77,704 SH   SOLE   77,704 0 0
ISHARES INC MSCI MLY ETF NEW 46434G814 BBG001S8SYP7 2,104,617 101,635 SH   SOLE   101,635 0 0
ISHARES INC MSCI STH AFR ETF 464286780 BBG001SLJR19 4,521,890 119,290 SH   SOLE   119,290 0 0
ISHARES INC MSCI STH KOR ETF 464286772 BBG001SF9FC7 5,250,790 88,481 SH   SOLE   88,481 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 BBG001SFGL81 3,913,747 87,906 SH   SOLE   87,906 0 0
ISHARES INC MSCI THAILND ETF 464286624 BBG001T13KY8 1,591,934 25,271 SH   SOLE   25,271 0 0
ISHARES INC MSCI TURKEY ETF 464286715 BBG001STW0V3 1,178,557 30,283 SH   SOLE   30,283 0 0
ISHARES TR MSCI CHINA ETF 46429B671 BBG001S56D46 10,264,465 234,816 SH   SOLE   234,816 0 0
ISHARES TR MSCI INDIA ETF 46429B598 BBG002DMN4B6 24,639,069 554,048 SH   SOLE   554,048 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 BBG001S56QM7 2,732,124 121,867 SH   SOLE   121,867 0 0
ISHARES TR MSCI KUWAIT ETF 46436E817 BBG00S2GPDM0 1,205,142 39,186 SH   SOLE   39,186 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 BBG001TCKW33 2,503,787 99,885 SH   SOLE   99,885 0 0
ISHARES TR MSCI POLAND ETF 46429B606 BBG001S56L11 665,042 38,643 SH   SOLE   38,643 0 0
ISHARES TR MSCI QATAR ETF 46434V779 BBG006F3G5H6 1,506,296 85,358 SH   SOLE   85,358 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 BBG00B0943B2 6,529,729 166,845 SH   SOLE   166,845 0 0
ISHARES TR MSCI UAE ETF 46434V761 BBG006F3JCX0 2,997,103 194,040 SH   SOLE   194,040 0 0
ISHARES TR MSCI USA MIN VOL 46429B697 BBG0025X2G81 12,033,903 166,224 SH   SOLE   166,224 0 0
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 BBG00GP26NW0 3,706,332 73,845 SH   SOLE   73,845 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 BBG004XB9HZ5 2,860,642 103,684 SH   SOLE   103,684 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 BBG001SRXRC8 658,379 9,129 SH   SOLE   9,129 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 BBG001S5WWW4 4,933,400 56,771 SH   SOLE   56,771 0 0
VALE S A SPONSORED ADS 91912E105 BBG001SB54S8 729,630 54,450 SH   SOLE   54,450 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101 BBG001SCCJM1 3,881,312 467,628 SH   SOLE   467,628 0 0