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
VanEck Vectors ETFs/USA VANECK VECTORS RUSSIA ETF 92189F403 41,518 2,213,100 SH   SOLE   2,213,100 0 0
iShares ETFs/USA ISHARES MSCI CHILE CAPPED ET 464286640 4 100 SH   SOLE   100 0 0
JP Morgan ETNs/USA JPMORGAN ALERIAN MLP INDEX 46625H365 6,970 221,273 SH   SOLE   221,273 0 0
CME Group Inc CME GROUP INC 12572Q105 3,136 30,000 SH   SOLE   30,000 0 0
Powershares ETFs/USA POWERSHARES EM MKT SOVR DEBT 73936T573 2,883 94,122 SH   SOLE   94,122 0 0
Vanguard ETF/USA VANGUARD REIT ETF 922908553 11,059 127,500 SH   SOLE   127,500 0 0
iShares ETFs/USA ISHARES MBS ETF 464288588 41,327 375,389 SH   SOLE   375,389 0 0
State Street ETF/USA UTILITIES SELECT SECTOR SPDR 81369Y886 10,310 210,450 SH   SOLE   210,450 0 0
iShares ETFs/USA ISHARES IBOXX USO HIGH YIELD 464288513 9,206 105,500 SH   SOLE   105,500 0 0
iShares ETFs/USA ISHARES IBOXX INVESTMENT GRA 464287242 14,942 121,300 SH   SOLE   121,300 0 0