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
GLOBAL X FDS GLB X MLP ENRG I 37950E226 95,324 7,762,506 SH   SOLE   7,762,506 0 0
GLOBAL X FDS US PFD ETF 37954Y657 6,926 276,694 SH   SOLE   276,694 0 0
ISHARES INC MSCI STH KOR ETF 464286772 2,329 37,445 SH   SOLE   37,445 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 15,882 515,152 SH   SOLE   515,152 0 0
ISHARES TR NATIONAL MUN ETF 464288414 28,312 248,546 SH   SOLE   248,546 0 0
ISHARES TR MSCI EURO FL ETF 464289180 4,529 232,370 SH   SOLE   232,370 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 80,151 2,350,480 SH   SOLE   2,350,480 0 0
ISHARES TR BROAD USD HIGH 46435U853 4,646 113,036 SH   SOLE   113,036 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD JAPAN 46641Q712 71,309 2,905,837 SH   SOLE   2,905,837 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 337 12,710 SH   SOLE   12,710 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 36,326 456,918 SH   SOLE   456,918 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 4,459 149,414 SH   SOLE   149,414 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 1,427 31,041 SH   SOLE   31,041 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 45,451 827,430 SH   SOLE   827,430 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 15,260 302,302 SH   SOLE   302,302 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 18,782 331,657 SH   SOLE   331,657 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 855 34,247 SH   SOLE   34,247 0 0
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 4,573 52,426 SH   SOLE   52,426 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 3,272 40,588 SH   SOLE   40,588 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 19,135 388,282 SH   SOLE   388,282 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 39,325 243,952 SH   SOLE   243,952 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 37,427 195,198 SH   SOLE   195,198 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 37,359 448,646 SH   SOLE   448,646 0 0