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
ISHARES CORE TOTAL US BOND MKT ETF FIXED 464287226 1,791 16,303 SH   SOLE   13,405 0 2,898
ISHARES TR 1-3 YR TRS BD ETF FIXED 464287457 10,232 121,342 SH   SOLE   121,342 0 0
ISHARES TR 1-3 YR TRS BD ETF FIXED 464287457 452 5,363 SH   DFND   0 0 5,363
ISHARES TR BARCLYS 1-3YR CR ETF FIXED 464288646 236 2,250 SH   SOLE   1,750 0 500
ISHARES TR BARCLYS TIPS BD ETF FIXED 464287176 371 3,152 SH   SOLE   2,902 0 250
ISHARES TR IBOXX INV CPBD ETF FIXED 464287242 236 2,045 SH   SOLE   2,045 0 0
PROSHARES TR PSHS ULTSH 20YRS ETF FIXED 74347B201 1,879 91,860 SH   SOLE   91,860 0 0
VANGUARD BD INDEX FD INTERMED ETF FIXED 921937819 5,945 68,360 SH   SOLE   60,512 0 7,848
VANGUARD BD INDEX FD SHORT TRM ETF FIXED 921937827 20,857 257,684 SH   SOLE   229,636 0 28,048
VANGUARD BD INDEX FD SHORT TRM ETF FIXED 921937827 447 5,519 SH   DFND   0 0 5,519
VANGUARD BD INDEX FD TOTAL BND ETF FIXED 921937835 7,656 91,925 SH   SOLE   85,095 0 6,830
VANGUARD SCOTTSDALE FD SHRT-TE ETF FIXED 92206c409 337 4,260 SH   SOLE   3,560 0 700
TEMPLETN EM MKT INCOME COM ETF FIXED EMG 880192109 1,098 70,012 SH   SOLE   61,012 0 9,000
SPDR SERIES TRUST BRCLYS S/T M ETF NON FIXED 78464A425 11,381 467,003 SH   SOLE   438,003 0 29,000
TEMPLETON GLOBAL INCM COM CLOSED END FIXED 880198106 105 10,926 SH   SOLE   10,926 0 0
PROSHARES TR PSHS CS 130/30 ETF HEDGE 74347R248 1,201 18,873 SH   SOLE   15,073 0 3,800