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
GLOBAL X FDS GLB X MLP ENRG I 37950E226 21,764 1,991,174 SH   SOLE   1,991,174 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 3,958 230,369 SH   SOLE   230,369 0 0
ISHARES TR MSCI EURO FL ETF 464289180 1,403 82,783 SH   SOLE   82,783 0 0
ISHARES INC MSCI ITALY ETF 46434G830 729 30,103 SH   SOLE   30,103 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 31,166 1,061,862 SH   SOLE   1,061,862 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 4,696 100,367 SH   SOLE   100,367 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 11,570 126,498 SH   SOLE   126,498 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 3,217 124,557 SH   SOLE   124,557 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 3,938 102,251 SH   SOLE   102,251 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 6,456 121,239 SH   SOLE   121,239 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 902 48,107 SH   SOLE   48,107 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 5,981 68,351 SH   SOLE   68,351 0 0
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 5,329 65,554 SH   SOLE   65,554 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 9,454 120,325 SH   SOLE   120,325 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 10,625 221,724 SH   SOLE   221,724 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 3,541 58,410 SH   SOLE   58,410 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 690 5,263 SH   SOLE   5,263 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 472 2,942 SH   SOLE   2,942 0 0