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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
VANGUARD INDEX FDS TOTAL STK MKT 922908769   201,181,207 1,052,258 SH   SOLE   1,052,258 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   14,960,680 208,250 SH   SOLE   208,250 0 0
VANGUARD TAX-MANAGED FDS FTSE DEV MKT ETF 921943858   99,611,010 2,373,386 SH   SOLE   2,373,386 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   39,330,235 1,008,985 SH   SOLE   39,330 0 0
Ishares Inc iShares MSCI EAFE Value ETF US4642888   8,214,584 179,045 SH   SOLE   179,045 0 0
Ishares Inc Vanguard Value ETF US9229087   28,590,561 203,680 SH   SOLE   203,680 0 0
VANGUARD INDEX FDS VANGUARD MATERIALS ETF US92204A8   970,140 5,700 SH   SOLE   5,700 0 0
Ishares Inc ISHARES MSCI GLL MET MIN PROD ETF US46434G8   1,968,000 48,000 SH   SOLE   48,000 0 0
Ishares Inc ISHARES MSCI EMERGING MARKETS ETF US46434G7   1,424,100 30,000 SH   SOLE   30,000 0 0
Ishares Inc ISHARES MSCI MEXICO ETF US4642868   1,829,650 37,000 SH   SOLE   37,000 0 0
Ishares Inc ISHARES LATIN AMERICA 40 ETF US4642873   915,600 40,000 SH   SOLE   40,000 0 0
Ishares Inc ISHARES GLOBAL MATERIALS ETF US4642886   967,518 12,300 SH   SOLE   12,300 0 0
HORIZON KINETICS LLC HORIZON KINETICS INFLAT BENEFICI ETF US53656F6   975,880 31,000 SH   SOLE   31,000 0 0
VANGUARD INDEX FDS VANGUARD INDUSTRIALS ETF US92204A6   967,992 5,300 SH   SOLE   5,300 0 0
Ishares Inc ISHARES GLOBAL ENERGY ETF US4642873   1,832,530 47,000 SH   SOLE   47,000 0 0