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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
INDEXIQ ETF TR IQ CHAIKIN US 45409B388 273,072 10,892,375 SH   SOLE 10,892,375 0 0
INDEXIQ ETF TR IQ CHAIKIN US 45409B396 239,861 8,792,570 SH   SOLE 8,792,570 0 0
INDEXIQ ETF TR IQ S&P HGH YLD 45409B412 50,527 2,058,107 SH   SOLE 2,058,107 0 0
INDEXIQ ETF TR IQ ENCH COR PL 45409B479 132,040 6,845,612 SH   SOLE 6,845,612 0 0
INDEXIQ ETF TR IQ ENCH BD US 45409B487 28,124 1,491,985 SH   SOLE 1,491,985 0 0
INDEXIQ ETF TR HDGD FTSE EURO 45409B552 125,622 6,395,407 SH   SOLE 6,395,407 0 0
INDEXIQ ETF TR HDGD FTSE INTL 45409B560 480,748 22,838,379 SH   SOLE 22,838,379 0 0
INDEXIQ ETF TR IQ GLB RES ETF 45409B883 128,213 4,653,828 SH   SOLE 4,653,828 0 0
ISHARES INC MSCI FRNTR100ETF 464286145 3,356 95,596 SH   SOLE 95,596 0 0
ISHARES INC MSCI SWITZERLAND 464286749 5,119 148,946 SH   SOLE 148,946 0 0
ISHARES TR TIPS BD ETF 464287176 4,196 37,120 SH   SOLE 37,120 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 18,137 151,189 SH   SOLE 151,189 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 11,026 72,621 SH   SOLE 72,621 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 22,902 295,392 SH   SOLE 295,392 0 0
ISHARES TR EAFE SML CP ETF 464288273 26,008 398,963 SH   SOLE 398,963 0 0
ISHARES TR INTRM GOV CR ETF 464288612 4,951 45,727 SH   SOLE 45,727 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 3,304 122,552 SH   SOLE 122,552 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 2,826 80,885 SH   SOLE 80,885 0 0
ISHARES TR MSCI INDIA ETF 46429B598 5,046 147,845 SH   SOLE 147,845 0 0
ISHARES TR MSCI POLAND ETF 46429B606 1,469 58,526 SH   SOLE 58,526 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 5,068 96,290 SH   SOLE 96,290 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 12,410 236,418 SH   SOLE 236,418 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 12,017 613,121 SH   SOLE 613,121 0 0
VANECK VECTORS ETF TR INDIA SMALL CAP 92189F767 2,566 44,860 SH   SOLE 44,860 0 0
VANECK VECTORS ETF TR AFRICA INDEX ETF 92189F866 1,773 69,207 SH   SOLE 69,207 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 12,437 113,693 SH   SOLE 113,693 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 9,835 201,083 SH   SOLE 201,083 0 0