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
Expires: July 31, 2015
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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
GLOBAL X FDS GLB X MLP ENRG I 37950E226 95,324 7,762,506 SH SOLE 0 0 0
GLOBAL X FDS US PFD ETF 37954Y657 6,926 276,694 SH SOLE 0 0 0
ISHARES INC MSCI STH KOR ETF 464286772 2,329 37,445 SH SOLE 0 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 15,882 515,152 SH SOLE 0 0 0
ISHARES TR MSCI EURO FL ETF 464289180 4,529 232,370 SH SOLE 0 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 80,151 2,350,480 SH SOLE 0 0 0
ISHARES TR BROAD USD HIGH 46435U853 4,646 113,036 SH SOLE 0 0 0
J P MORGAN EXCHANGE-TRADED F BETBULD JAPAN 46641Q712 71,309 2,905,837 SH SOLE 0 0 0
SPDR SERIES TRUST SPDR BLOOMBERG 78468R663 27,908 305,239 SH SOLE 0 0 0
SCHWAB STRATEGIC TR SCHWB FDT EMK LG 808524730 4,459 149,414 SH SOLE 0 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 1,427 31,041 SH SOLE 0 0 0
SCHWAB STRATEGIC TR INT-TRM U.S TRES 808524854 45,451 827,430 SH SOLE 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 15,260 302,302 SH SOLE 0 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 18,782 331,657 SH SOLE 0 0 0
VANECK VECTORS ETF TRUST RUSSIA ETF 92189F403 855 34,247 SH SOLE 0 0 0
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 4,573 52,426 SH SOLE 0 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 3,272 40,588 SH SOLE 0 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 19,135 388,282 SH SOLE 0 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 39,325 243,952 SH SOLE 0 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 37,427 195,198 SH SOLE 0 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 37,359 448,646 SH SOLE 0 0 0