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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
COLUMBIA ETF TR II INDIA INFRSR ETF 19762B806 4,955 469,300 SH   SOLE   469,300 0 0
ISHARES MSCI FRNTR100ETF 464286145 4,823 194,100 SH   SOLE   194,100 0 0
ISHARES MSCI BRZ CAP ETF 464286400 2,679 80,300 SH   SOLE   80,300 0 0
ISHARES GOLD TRUST ISHARES 464285105 15,991 1,443,200 SH   SOLE   1,443,200 0 0
ISHARES TR CORE S&P TTL STK 464287150 7,521 146,600 SH   SOLE   146,600 0 0
ISHARES TR TIPS BD ETF 464287176 38,316 338,600 SH   SOLE   338,600 0 0
ISHARES TR CORE US AGGBD ET 464287226 2,287 21,200 SH   SOLE   21,200 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 16,128 153,900 SH   SOLE   153,900 0 0
ISHARES TR MSCI ACWI ETF 464288257 248 4,200 SH   SOLE   4,200 0 0
ISHARES TR SHRT TRS BD ETF 464288679 11,726 106,300 SH   SOLE   106,300 0 0
ISHARES TR MSCI INDIA ETF 46429B598 7,419 276,700 SH   SOLE   276,700 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 67,621 1,347,600 SH   SOLE   1,347,600 0 0
ISHARES U S ETF TR COMMOD SEL STG 46431W853 8,571 250,000 SH   SOLE   250,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 46,095 389,100 SH   SOLE   389,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 27,737 124,100 SH   SOLE   124,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 42,471 190,000 SH Call SOLE   190,000 0 0
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 11,890 245,700 SH   SOLE   245,700 0 0
VANECK VECTORS ETF TR RARE EARTH STRAT 92189F742 4,968 292,100 SH   SOLE   292,100 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 84,560 698,800 SH   SOLE   698,800 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 6,484 56,200 SH   SOLE   56,200 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 30,576 617,200 SH   SOLE   617,200 0 0