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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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
DBX ETF TR XTRACK MSCI EURP 233051853 25,079 913,944 SH   SOLE   913,944 0 0
GLOBAL X FDS GLB X MLP ENRG I 37954Y293 75,890 3,437,062 SH   SOLE   3,437,062 0 0
GLOBAL X FDS US PFD ETF 37954Y657 7,894 318,829 SH   SOLE   318,829 0 0
INVESCO EXCH TRADED FD TR II KBW BK ETF 46138E628 5,065 135,102 SH   SOLE   135,102 0 0
ISHARES INC MSCI STH KOR ETF 464286772 14,806 226,602 SH   SOLE   226,602 0 0
ISHARES INC MSCI MEXICO ETF 464286822 21,133 633,497 SH   SOLE   633,497 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 31,384 1,913,632 SH   SOLE   1,913,632 0 0
ISHARES TR MSCI EURO FL ETF 464289180 4,982 362,624 SH   SOLE   362,624 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 85,029 3,335,774 SH   SOLE   3,335,774 0 0
ISHARES TR BROAD USD HIGH 46435U853 37,329 945,766 SH   SOLE   945,766 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD JAPAN 46641Q712 123,564 5,008,668 SH   SOLE   5,008,668 0 0
SPDR SER TR BLMBRG BRC CNVRT 78464A359 7,924 115,020 SH   SOLE   115,020 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 6,629 279,482 SH   SOLE   279,482 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 20,812 354,676 SH   SOLE   354,676 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 28,064 544,933 SH   SOLE   544,933 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 28,570 463,580 SH   SOLE   463,580 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 25,430 849,074 SH   SOLE   849,074 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 14,334 280,942 SH   SOLE   280,942 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 47,571 291,202 SH   SOLE   291,202 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 39,038 667,313 SH   SOLE   667,313 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 45,681 223,928 SH   SOLE   223,928 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 21,373 257,973 SH   SOLE   257,973 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 11,025 203,154 SH   SOLE   203,154 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 18,868 176,533 SH   SOLE   176,533 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 26,630 267,206 SH   SOLE   267,206 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 19,037 198,711 SH   SOLE   198,711 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 3,431 22,309 SH   SOLE   22,309 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 6,828 40,090 SH   SOLE   40,090 0 0