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
DBX ETF TR XTRACK MSCI EURP 233051853 13,587 561,463 SH   SOLE   561,463 0 0
GLOBAL X FDS GLB X MLP ENRG I 37950E226 68,310 11,125,422 SH   SOLE   11,125,422 0 0
GLOBAL X FDS US PFD ETF 37954Y657 6,903 315,493 SH   SOLE   315,493 0 0
ISHARES INC MSCI STH KOR ETF 464286772 4,899 104,411 SH   SOLE   104,411 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 22,732 1,345,912 SH   SOLE   1,345,912 0 0
ISHARES TR MSCI EURO FL ETF 464289180 7,680 612,944 SH   SOLE   612,944 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 75,827 3,218,165 SH   SOLE   3,218,165 0 0
ISHARES TR BROAD USD HIGH 46435U853 8,696 244,971 SH   SOLE   244,971 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD JAPAN 46641Q712 90,640 4,427,952 SH   SOLE   4,427,952 0 0
SPDR SER TR BLMBRG BRC CNVRT 78464A359 11,875 248,113 SH   SOLE   248,113 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 6,848 375,283 SH   SOLE   375,283 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 29,315 498,723 SH   SOLE   498,723 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 26,473 511,750 SH   SOLE   511,750 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 19,615 341,069 SH   SOLE   341,069 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 18,447 634,806 SH   SOLE   634,806 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 24,831 509,664 SH   SOLE   509,664 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 26,497 192,257 SH   SOLE   192,257 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 36,212 218,024 SH   SOLE   218,024 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 9,560 120,858 SH   SOLE   120,858 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 8,188 150,234 SH   SOLE   150,234 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 18,411 182,265 SH   SOLE   182,265 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 3,457 29,949 SH   SOLE   29,949 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 6,026 46,745 SH   SOLE   46,745 0 0