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
DBX ETF TR XTRACK MSCI EURP 233051853 33,797 1,042,528 SH   SOLE   1,042,528 0 0
GLOBAL X FDS GLB X MLP ENRG I 37954Y293 113,386 3,588,155 SH   SOLE   3,588,155 0 0
GLOBAL X FDS US PFD ETF 37954Y657 7,819 306,521 SH   SOLE   306,521 0 0
INVESCO EXCH TRADED FD TR II KBW BK ETF 46138E628 6,430 103,894 SH   SOLE   103,894 0 0
ISHARES INC MSCI STH KOR ETF 464286772 14,400 160,532 SH   SOLE   160,532 0 0
ISHARES INC MSCI MEXICO ETF 464286822 31,361 715,511 SH   SOLE   715,511 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 40,712 1,651,594 SH   SOLE   1,651,594 0 0
ISHARES TR MSCI EURO FL ETF 464289180 14,647 760,068 SH   SOLE   760,068 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 107,277 3,426,297 SH   SOLE   3,426,297 0 0
ISHARES TR BROAD USD HIGH 46435U853 28,807 699,372 SH   SOLE   699,372 0 0
JP MORGAN EXCHANGE TRADED FD BETBULD JAPAN 46641Q712 157,298 5,523,108 SH   SOLE   5,523,108 0 0
SPDR SER TR BLMBRG BRC CNVRT 78464A359 7,486 89,810 SH   SOLE   89,810 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 10,215 332,210 SH   SOLE   332,210 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 20,699 366,944 SH   SOLE   366,944 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 25,259 492,275 SH   SOLE   492,275 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 21,968 359,197 SH   SOLE   359,197 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 32,853 669,659 SH   SOLE   669,659 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 10,003 194,074 SH   SOLE   194,074 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 71,811 402,912 SH   SOLE   402,912 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 50,289 595,142 SH   SOLE   595,142 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 62,586 273,598 SH   SOLE   273,598 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 19,825 240,299 SH   SOLE   240,299 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 10,306 193,114 SH   SOLE   193,114 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 17,444 172,288 SH   SOLE   172,288 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 49,105 593,061 SH   SOLE   593,061 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 18,088 194,435 SH   SOLE   194,435 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 4,368 20,402 SH   SOLE   20,402 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 8,371 40,500 SH   SOLE   40,500 0 0