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
CLAYMORE EXCHANGE TRD FD TR GUGG FRNTR MKT 18383Q838 3,598 242,300 SH   SOLE   242,300 0 0
COLUMBIA ETF TR II INDIA INFRSR ETF 19762B806 1,896 119,500 SH   SOLE   119,500 0 0
COLUMBIA ETF TR II INDIA SML CP ETF 19762B889 4,378 186,800 SH   SOLE   186,800 0 0
FIDELITY TOTAL BD ETF 316188309 22,206 441,900 SH   SOLE   441,900 0 0
FIRST TR EXCH TRD ALPHA FD I EM SML CP ALPH 33737J307 5,841 134,800 SH   SOLE   134,800 0 0
INDEXIQ ETF TR IQ GLB RES ETF 45409B883 5,516 193,000 SH   SOLE   193,000 0 0
ISHARES GOLD TRUST ISHARES 464285105 29,964 2,395,200 SH   SOLE   2,395,200 0 0
ISHARES INC MSCI FRNTR100ETF 464286145 15,306 462,100 SH   SOLE   462,100 0 0
ISHARES INC MSCI JAPN SMCETF 464286582 9,461 118,600 SH   SOLE   118,600 0 0
ISHARES INC CORE MSCI EMKT 46434G103 39,983 702,700 SH   SOLE   702,700 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 51,971 867,200 SH   SOLE   867,200 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 8,870 148,000 SH Call SOLE   148,000 0 0
ISHARES TR CORE S&P TTL STK 464287150 7,407 121,100 SH   SOLE   121,100 0 0
ISHARES TR TIPS BD ETF 464287176 66,782 585,400 SH   SOLE   585,400 0 0
ISHARES TR CORE US AGGBD ET 464287226 5,822 53,200 SH   SOLE   53,200 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 49,005 1,040,000 SH Put SOLE   1,040,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 56,073 1,190,000 SH Call SOLE   1,190,000 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 39,663 375,700 SH   SOLE   375,700 0 0
ISHARES TR MSCI ACWI ETF 464288257 159,103 2,207,000 SH   SOLE   2,207,000 0 0
ISHARES TR SHORT TREAS BD 464288679 11,503 104,300 SH   SOLE   104,300 0 0
ISHARES TR MSCI INDIA ETF 46429B598 17,566 487,000 SH   SOLE   487,000 0 0
ISHARES TR MSCI INDIA SM CP 46429B614 3,809 72,500 SH   SOLE   72,500 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 82,541 1,646,900 SH   SOLE   1,646,900 0 0
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 9,220 184,200 SH   SOLE   184,200 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 35,500 227,900 SH   SOLE   227,900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 40,029 150,000 SH Put SOLE   150,000 0 0
VANECK VECTORS ETF TR RARE EARTH STRAT 92189F742 5,512 183,200 SH   SOLE   183,200 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 35,389 266,500 SH   SOLE   266,500 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 41,544 904,900 SH   SOLE   904,900 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 27,387 461,600 SH   SOLE   461,600 0 0