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
ISHARES TR MSCI EMG MKT ETF 464287234 27,012 691,541 SH   SOLE   0 0 691,541
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 203 3,829 SH   SOLE   0 0 3,829
ISHARES TR S&P US PFD STK 464288687 24,555 717,345 SH   SOLE   0 0 717,345
ISHARES TR TIPS BD ETF 464287176 407 3,714 SH   SOLE   0 0 3,714
ISHARES TR CORE S&P US GWT 464287671 851 16,150 SH   SOLE   0 0 16,150
VANGUARD GROUP DIV APP ETF 921908844 717 7,318 SH   SOLE   0 0 7,318
ISHARES TR LATN AMER 40 ETF 464287390 5,653 183,418 SH   SOLE   0 0 183,418
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 1,132 20,872 SH   SOLE   0 0 20,872
ISHARES TR CORE HIGH DV ETF 46429B663 40,023 474,321 SH   SOLE   0 0 474,321
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 640 24,129 SH   SOLE   0 0 24,129
ISHARES TR IBOXX INV CP ETF 464287242 19,429 172,216 SH   SOLE   0 0 172,216
ISHARES INC MSCI SPAIN ETF 464286764 625 23,315 SH   SOLE   0 0 23,315
ISHARES TR CORE S&P TTL STK 464287150 914 16,104 SH   SOLE   0 0 16,104
ISHARES TR CORE US AGGBD ET 464287226 40,392 379,304 SH   SOLE   0 0 379,304
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 399 8,210 SH   SOLE   0 0 8,210
ISHARES TR INDIA 50 ETF 464289529 970 27,463 SH   SOLE   0 0 27,463
ISHARES TR CORE S&P SCP ETF 464287804 215 3,100 SH   SOLE   0 0 3,100
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,046 13,368 SH   SOLE   0 0 13,368
ISHARES INC MSCI BRAZIL ETF 464286400 663 17,361 SH   SOLE   0 0 17,361
ISHARES TR MIN VOL USA ETF 46429B697 869 16,581 SH   SOLE   0 0 16,581
INVESCO QQQ TR UNIT SER 1 46090E103 599 3,885 SH   SOLE   0 0 3,885
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 43,931 3,031,810 SH   SOLE   0 0 3,031,810
ISHARES TR S&P MC 400GR ETF 464287606 788 4,122 SH   SOLE   0 0 4,122
ISHARES TR EUROPE ETF 464287861 853 21,811 SH   SOLE   0 0 21,811
ISHARES TR S&P MC 400VL ETF 464287705 771 5,571 SH   SOLE   0 0 5,571
PROSHARES TR SHORT S&P 500 NE 74347B425 6,160 196,617 SH   SOLE   0 0 196,617
ISHARES TR CHINA LG-CAP ETF 464287184 520 13,315 SH   SOLE   0 0 13,315
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 20,765 411,029 SH   SOLE   0 0 411,029
ISHARES TR 20 YR TR BD ETF 464287432 1,040 8,559 SH   SOLE   0 0 8,559
UNITED STATES NATL GAS FUND UNIT PAR 912318300 500 20,223 SH   SOLE   0 0 20,223
ISHARES TR BARCLAYS 7 10 YR 464287440 26,940 258,546 SH   SOLE   0 0 258,546
SPDR GOLD TRUST GOLD SHS 78463V107 40,343 332,724 SH   SOLE   0 0 332,724
ISHARES TR LNG TR CRPRT BD 464289511 783 13,903 SH   SOLE   0 0 13,903
ISHARES TR RUSSELL 2000 ETF 464287655 20,190 150,781 SH   SOLE   0 0 150,781
ISHARES TR SHORT TREAS BD 464288679 1,387 12,576 SH   SOLE   0 0 12,576
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 4,085 122,783 SH   SOLE   0 0 122,783
ISHARES TR RUS 2000 VAL ETF 464287630 44,278 411,734 SH   SOLE   0 0 411,734
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 521 5,261 SH   SOLE   0 0 5,261
ISHARES TR 0-5YR HI YL CP 46434V407 806 18,098 SH   SOLE   0 0 18,098
SPDR SERIES TRUST PORTFOLIO LN COR 78464A367 955 37,619 SH   SOLE   0 0 37,619
ISHARES TR NATIONAL MUN ETF 464288414 229 2,097 SH   SOLE   0 0 2,097
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 953 11,193 SH   SOLE   0 0 11,193
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 37,645 741,339 SH   SOLE   0 0 741,339
SELECT SECTOR SPDR TR ENERGY 81369Y506 44,976 784,242 SH   SOLE   0 0 784,242
ISHARES TR CORE LT USDB ETF 464289479 955 16,184 SH   SOLE   0 0 16,184
SPDR S&P 500 ETF TR TR UNIT 78462F103 831 3,327 SH   SOLE   0 0 3,327
UNITED STATES OIL FUND LP UNITS 91232N108 635 65,713 SH   SOLE   0 0 65,713
ISHARES TR S&P 500 GRWT ETF 464287309 901 5,977 SH   SOLE   0 0 5,977
ISHARES TR CORE S&P MCP ETF 464287507 899 5,414 SH   SOLE   0 0 5,414
ISHARES TR 10-20 YR TRS ETF 464288653 787 5,896 SH   SOLE   0 0 5,896
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 409 4,295 SH   SOLE   0 0 4,295
VANGUARD WORLD FD MEGA GRWTH IND 921910816 421 3,935 SH   SOLE   0 0 3,935
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 576 8,939 SH   SOLE   0 0 8,939